THE 3IORXING OlIEGOXIAX, FRIDAY, MAY 7, 1920
- ?3
i
r
SIXTY-CENT RISE
III FLOUR MARKET
: Millers Slow in Following Ad
vance in Wheat.
CHANGE EFFECTIVE TODAY
Ern With This JJft, Flour Is Two
Dollars Cheaper Here Than
in Eastern States.
A eft-cent advance In flour, effective
tins morning. Wits announced by millers
yesterday. The new price on family pat
ents will be $13.73 a barrel. ThiB Is the
tlrst advance that has occurred in the
local' market since January 22. when prices
were raised 80 cents.
The advance in the flour market is re
garded by the trade here as considerably
..T overdue, in view of the high prices at
which wheat has been selling for months.
Kven with the 60-cent rise, the Paclfft
northwestern market is the cheapest mar
ket In the United States by about $2 a
barrel. At Minneapolis, spring patents are
'-quoted at from $10.25 to 10.25 a barret.
The mill feed market is very strong.
Mill run la quoted atS4950, but the mills
- have but little to sell and some are refus
ing to take orders. The demand for mill
teed ia keen, not only from points in this
territory, but from the east as well
There was a steady inquiry for soft and
hard wheat and the premiums of the pre-
vious day were reported.
With the bulge in the eastern markets
, com was stronger on the local board and
bids were raised 2550 cents. Offers for
May oats were advanced 00 cents. Tarley
"jid ranged locally from the same as. Wed
nesday to 50 cents lower, but San Fran
cisco was firm with December selling at
$3.0O'i and Chicago barley options were
' ut cents.
San Francisco stocks of grain, etc., in
call board warehouses on May 1 were:
Wheat. 22.090 tuns versus 14.516 tons in
1019; barley. 17.273 tons versus 41.079 tons
in 1919; oats. 721 tons versua 1621 tons;
bran. 130 tons; beans, 270.164 sacks versus
- 292.693 sacks.
Receipts at San Francisco for April:
, Wheat 29S2 tons, barley 2129 tons, oats 4t5
tons; corn 1S95 tons, bran 811 tons, hay
4228 tons, beans 49.SS5 sacks.
Weather conditions in the middle west,
as wired from Chirago: "Mostly clear and
fin except in southwest where rood rains
occurred last night. Forecast: Illinois,
Iowa, fair tonight and Friday except prob
ably showers in south portion. Missouri.
Kansas and Nebraska, unsettled, probably
showers. Elsewhere, generally fair and
. somewhat warmer.
Terminal receipts. In cars, were reported
by the Merchants Exchange as follows:
Wheat. Bar. Fir. Oats. Hay.
Portland. Thursday 11 ... 6
Year ago 20 1 7
Season to date... 791 174 369S
Year ago 7228 1003 2510
Taeoma. Wed'bday 6 . . . 7
Year ago 5
Season to date... 6(149 93 3003
Year ago 530O 30 ...
Seattle. Wed'sday 2 ... 6
Year ago 3 ... 4
Season to date. . .5931 243 1077
Year ago 02h9 74 1231
3 5
447 20S2
6S5 3004
4
1 ...
175 S17
106 1209
' 8 .' .' .'
643 1 1 67
542 2543
WOOL. DEMAND EXCEEDS SCFPLY.
Government Holdings Will Not Compete
With 1920 Clip.
J :: The wool situation as it exists today is
- described by F. R. Marshall of Salt Lake.
. , secretary of the National Wool Growers'
association, in a statement he has just
issued as follows:
"The aemwww finer wools is much
in excess of the lunply. and much of the
government wool, while a factor In the
market, will not come Into competition
with the 1020 clip. Growers- can rest as
nured that the prices for wool are not out
of line with the values of other commod
7." itles.
. "There Is no more reason to expect a
decline in wools of k blood and above
than in building material or anything
else the woo! grower has to buy. It will
be logical to expect wool prices to decline
when other commodities decline, but not
until then.
"The Federal Reserve board has at-
! tempted to curb speculation, but money
appears to be available for advances on
consigned wools, though conservatism in
, - making advances is to be expected where
clips contain large amounts of the coarsest
! grades. With money tight for specula-
' tive purposes, buyers appear to prefer to
wait until the wool is shorn to see what
1 general business condition exist at that
'. ' time.
; "The conditions now existing in the wool
trade are verv similar to those of a year
ago. The demand for cloth is somewhat
" stronger than at that time and continues
; with apparently small regard to price.
BTOBED FOOD TO BE TABULATED
Bureau of Market Will Report Stocks at
' Portland and San Francisco.
1 D. F. Mattaon. who was in charge of
the dairy and poultry products branch of
the .bureau of markets when an office
was maintained here last year, was in the
city yesterday on his way to San Francisco.
, He will take charge of the office there,
: succeeding O. W. Holmes, who has re-
! signed.
Mr. Mattson has made arrangements to
! resume the compilation of storage holding
reports on butter, eggs, cheese and dairy
products at Portland and Seattle. These
' will be Issued weekly from the San Fran
cisco office and dealers may secure the
statistics by applying to 'the bureau of
markets. Consular building, 510 Battery
street, San Francisco.
CCBE BUTTER PRICES DECLINING
. Further Increase in Supplies Offered on
,' Street.
Butter supplies continue to increase en
the street as production gains and prices
are gradually declining. Cube sales were
made yesterday at 5253 cents.
The egg market was steady and un
.! changed. Receipts were moderate and
" were readily absorbed.
There was a better demand for poultry
and hens were-sold at 31033 cents, accord-
lng to size. Country dressed meats were
unchanged.
Strawberry Deliveries Light.
, ' Strawberry receipts were light and they
cleaned up readily at $5 a crate.
Another car of Texas onions arrived.
- They were quoted lower, at $4 a crate
for yellows and $4.50 fpr whites.
Walla Walla asparagus was in liberal
supply and offered at $2.152.25 a dozen.
PORTLAND MARKET QUOTATIONS
;:: Grain. Flour, Feed. Eta.
Merchants' Exchange, noon session:
-Bld-
Oats May. June.
No. 3 white feed $67.50 $68.00
Barley
No. 3 blue 66.00 66.00
Standard feed 65.00 64.00
No. 3 yellow 60.50 69.00
Eafftern grain, bulk:
Corn
No. 3 yellow 71.00 69.0
WHEAT Government basis, $2.20 per
bushel.
FLOUR Family patents, $13.75; bakers'
hard wheat, $14.30; best bakers' patents.
$13.75: pastry flour. $11.85; graham,
$11.60; whole wheat. $11.85.
M1LLFEKD Prices f. o. b. mill: Mill
run, $4950 per ton: rolled barley, $72a
73; rolled oats. $7071; scratch feed.
$ S3 9 86.
CORN Whole, $76S77; cracked, $789
79 per ton.
HAT Buying price, f. o. b. Portland:
Alfalfa. $84: cheat. $23: valley timothy.
$31. .
Dairy and Country Produce.
atTTTTBR Cubes, extras. R3e per pound;
' print, parchment wrappers, box lota, So
per pound; cartons. 59c; half boxes
V4c more; lesa than half boxes lo more:
Dutterfat. No. 1, 5U$r57c per pound at sta
tions: Portland delivery. 58c.
JGGS Jobbing prices to retailors: Ore
gon ranch, case count, 4041c: .candled.
42c; select, -44c.
CHEBSE Tillamook, f. o. b. Tillamook:
Triplets, H2c; Voting America. 33c; leng
horna. 33c. Coos ariid Curry, f. o. b. Myrtie
Point: Triplet?. 31c: Young Americas.
32 c per pound.
POULTRY Hens, 3133c; broilers. 35
40c; duck. 45c; geese, nominal; turkeis,
nominal. r
V'HAL Fancy, 21c per pound.
PORK. ii'ancy, 22 He per pound.
Fruit and Vegetables.
FRUITS Oranges, $4.50 8; lemons,
$5,50 06.25 per box; grapefruit. $3.50 & 8
per box; bananas, 10 & 11c per pound; tp
pie's. $1.50yv4 per box, straff berries, $5
per crate.
VEtifMBLES Cabbage. c pound;
lettuce, $4 per crate; cucumbers,
$1.25r3 per dozen; carrots, $3.50 per sack;
celery, $1.603 per dozen; horseradibh,
25c per pound; garlic, 40&60o . per crate;
tomatoes, $5.50 6 per box; parsnips, 4 3c
per lb.; artichokes. $11.25 per dozen;
spinach, 8t&9c per pound; rhubarb, 3H4c
per pound; peas, ll15c per pound; as
paragus, $2 2.25 per doz.; coultdower, $2
2.50 per crate.
POTATOES Oregons. $8 per sack;
Yaklmas, $8.50 rtt 9; new California, ljtiSt
14c per pound; sweet, 12c per. pound.
ONIONS Oregon, $7.50 per saclt; Austra
lian browns. $7.50 per sack; Crystal wax,
$4.50 per crate; yellow Bermudas, $4 per
crale.
Staple Groceries.
Local .lobbing quotations:
SUGAR Sack basis: Cane granulated,
24 4c per pound, extra C, 23.80c; golden C,
23c; yellow L. 23.65c; cubes, in barrels,
25.10c.
NUTS Walnuts, 263Sc; Brazil nuts,
35c; filberts, 35c; almonds. 38(&38&c; pea'
nuts, 16&16c; cocoanuts, $2 per dozen.
SALT Half ground, loos, $17.25 per
ton; 50s, $18.75 per ton; dairy, $27.25 per
ton.
RICE Blue Rose, 15c per pound
BEANS Small wftite, 71,ic: large white,
7c; pink, 15c; lima, 13c per pound;
-COFFEE Roasted, in drums. 80350c.
payeus. Jl Wc; Mexican reds. 10c per pound.
Hides and Pelts.
HIDES Salt hides, under 45 lbs., 22e;
green hides, under 45 lbs., 20c; salt hides,
over 45 lbs., 18c: green hides, over 45 lbs..
16c: green or salt calf, to 10 lbs.. oOa;
green or salt kip, 15 to 30 lbs., 2Sc: salt
bulls, 14c; green bulls, 12c; dry hides. 30c;
dry salt hides, 24c; dry -calf under 7 lbs..
55c; salt .orse, large. $7: salt horse,
medium. $6; salt horse, small. $5.
PELTS Dry pelts, fine long wool, 35c;
dry pelts, medium long wool, 30c; dry
pelts, coarse long wool, 25c; salt pelts,
long weol. April take-off, $3 to $.4.
Provisions.
Local Jobbing quotations:
Hams All sizes. 3a a 43c; skinned, 87
44c; picnic, 25c; cottage, 35c.
LARD Tie roe basis, 24c; compound,
2&c per pound.
DRY SALT Short, clear backs. 25 20c
per pound; plates. 23c.
BACON Fancy, 4555c; standard. 840
44u per pound.
Hops, Wool, Etc.
HOPS 1919 crop. $1 per pound; 192B
contracts. 75c: three-year contracts, 45c
average.
MOHAIR Long staple, new clip, . 40C
pound.
TALLOW No. 1. llV412c; No. 2. 100
per pound.
CASCARA BARK Per pound, old peel,
lliic: new peel, 10c per pound.
WOOI Eastern Oregon, 40 00c; valley,
medium, 50o per pound.
GRAIN BAGS Car lots, 21c, coast.
Oil a.
LINSEED OIL Raw, barrels, $1.98.
raw, drums. $2.05; raw, cases, $2.13;
bulled, barrels, $2; boiled, drums, $2.o7;
boiled, cases, $2.15.
TURPENTINE Tanks $2.40; cases,
$2.61.
COAL OIL Iron barrels, 14Vi17c;
cases, 27 & 34c.
GASOLINE Iron barrels, 27c; tank
wagons, 27c; cases, 39c.
FUEL OIL Bulk, $2.10 per barrel.
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearings. Balances.
Portland ..$6,067,310 $SS5,016
Seattle 0.60.243 1,659,403
Spokane 1,860,905 582,007
Tacoma. 040.305 , 104.781
TWENTY LOADS RECEIVED
GOOD Rl'X OF STOCK AT XOJtTH
PORTLAND YARDS.
No Change in Ruling Quotations.
Cattle and Hog Markets
Continue Steady.
Twenty loads of livestock reached the
yards yesterday, and trading was mod
erately active. There was no change in
prices. Cattid and' hogs were reported
steady, as heretofore, and the sheep market
was inclined to weakness.
Receipts were 14 cattle, 7 calves, 231
hegs and 1999 sbeep
The days' sales wtte as follows:
Wgt. Price.l Wet. Price.
2S steers. 8S5 $10.75,10 hogs. . 10S $15.nol
32 steers. S.VJ 10.90! 1 hog . . . 4D0 13.U0
8 steers. 951 11. 75ilO lambs. 51 12.50
1 steer. . 800 7.001-0 lambs . 07 10.50
13 cows.. 967 10.65! 7 lambs. 58 15. OO
2 cows. . 755 7.50122 lambs. OH 15.25
1-cow.. 770 4.50i 5yeari.. 128 13.00
lcow.. 450 5.001 4 y earl.. 85 13.00
1 cow.. 4'.K 7.501 Oyearl.. 118 14.0O
lcow.. 0M 7.00140 ewes. . 121 11.50
Ibull... 140 8.00 4 ewes.. 110 11. OO
2 calves 145 10.UO: 3 ewes.. 130 8.00
lcalf.. 120 10.0OI 4 ewes.. 117 11.50
1 calf 320 8.00! lewe... 140 9.00
9 hoes.. 200 ll.OOj lewe... 150 9.00
61 hogs.. 215 16.00 lewe... 110 8.50
3 hogs... 343 14.00 lewe... 114 9.00
51 hogs. . 229 15.75 lbuck.. 100 7.50
5 hogs.. 280 13.75I lbuck.-. 180 6.50
74 hogs.. 226 15.50I 1 cow . . . 730 7.25
8 hogs.. 418 13.50 lcalf... 220 15.00
4 hogs.. 1S2 15.051 lhog... 510 10.00
5 hogs.. 248 15.00 lhog... 710 10.00
3 hogs.. 533 10.001 1 hog 220 1575
lhog 330 14. OO! 4 hogs.. 321 12. OO
10 hogs.. 145 15,OOj 3 hoys.. 193 lf-50
2 hogs.. lWo l..ii ifiamoi. o- jo.,u
2 hugs.. 230 15.501 'Jlainbs. HA 15.25
11 hogs.. 139 15.50' lewe... 130 9.00
Livestock prices at the Portland stock
yards were as follows:
Best grain, pulp-fed steers. . .$12.0012.50
Choice steers 11.00412.00
Good to choice steers 10.501i 11.50
Medium to choice steers 9.50(10.50
Fair to medium steers 8.75(i 9.50
Common to fair steers 7.50 41) 8.7S
Choice cows and heifers 10.00'gi 11.00
Good to choice cows, heifers.. 9.00(010.25
Medium 10 good cows, heifers. 8.O0(u 0.O0
Fair to medium cows, heifers. 7. 00(g) 8.00
Canners 5.004 6.O0
Bulls v ' 13.ousi 16.00
Prime light calves 13.00 (g 10.00
Medium light calves 9.0012.00
Heavy calves i. 6.50! 8.50
stockers and feeders 7.504P 8.50
Hogs
Prime mixed '. 15.00 18.00
Medium mixed 14.0oc 15.00
Rough heavy ' lo.Oo 15.00
Pigs 12. 00 10.00
Sheep
Eastern lambs 15.00 16.00
Light valley lambs 14.00&15.00
Heavy valley lambs 13. OO-ij, 14.00
Common to medium lambs... 10.50(al2.50
Yearlings 13. 00 (ij) 14.00
Wethers V. 12.50 13.25
Ewes ..." S.OO&12.O0
Spring lambs 14.00 15.50
Throw-out spring lambs 10.00(911.00
Omaha Livestock Market.
OMAHA, May 6. Hogs Receipts. 15,000,
market slow, unevenly steady to 25c high
er; top $14.85; bulk 13.504( 14.50.
Cattle Receipts 500 head; market on
beef a.nd butcher cattle active; mostly
151) 25c higher; best beef, $13; stockeru
and feeders slow.
Sheep Receipts, 6500 head; lambs
steady to easier: best clipped lambs. $17.90;
spring lambs, $20; sheep and feeders about
steady.
Chicago Livestock Market.
CHICAGO. May 6. Cattle Receipts,
12.0o0 head: beef steers steady to 15c
higher. Year.ings and harrdy weight
strengthening most: early top. $14.25 paid
lor mixed yearlings, bulk $11. 75 13.40.
heavyows slow; othor she stock steady to
higher: bulk butcher cows, $8.75&10; can
ners and cutters, $5.50437.75: calves slow;
stockers steady.
Hogs Receipts, 31.000 head; early trade
mostly 2Tic higher; big packers doing little,
bulk light, $15.25& 15.50; top. $15.05; bulk
250 pounds and over, $13.85& 14.65; pigs
25c higher: bulk $14 (if 16.
Sheep Receipts, 14,000 head; no early
sales: asking unevenly higher; beet shorn
lambs held at $19.
Kansas City Livestock Market.
KANSAS CITY, May 6. Cattle Re
ceipts. 83O0: beef steers, 10 15c higher;
top, $12.75; she stock, steady to strong;
bulk desirable kind, $9.50il; calves,
steady; mostly $10.50 to $11; bulls, steady;
feeders, weak.
Sheep Receipts. 8000: market steady to
strong; T6-pound Arizona spring lambs,
(19; small bunco native spring lambs, $20.
STOCKS HEAVY AT CLOSE
SALE FOR, PROFITS "IVIPU OUT
EARLIER GAIXS.
Improvement in Bond . Market.
Small Progress Made in Reduc
ing Commodity Prices.
NEW YORK, May 6. Stocks were ir
regularly higher at the opening of to
day's market, wavering or uncertain at
mid-day and heavy at the close, when
realizing for profits caused general can
cellation of grains in all but a few of
the more speculative issues. Sales were
900,000 shares.
The money market waa easy in that the
supply of call money at 7 per cent at all
times exceeded requirements, but further
contraction of time funds and merchants'
paper was reported.
In a survey of general conditions for
the first four months of the year, the
local federal reserve bank expressed the
opinion that "very little progress toward
a reduction oi either commodity prices or
credit volume" had been made.
On the other hand, there was much discussion-
among bankers with mercantile
connections of the deflation now under
way at leading business centers of the
country. This movement is finding; ex
pression, they say, in wholesale and retail
offerings of merchandise, particularly
textiles and leathers.
The bond market gave a better ac
count of itself than the stock list, rep
resentative industrial! and rails tending
higher, with a further recovery in liberty
issues, notably the 3Hs, which rose to
$91.50, or 2 1-5 per cent over their recent
low records. Total sales (par value). $13,
350,000. Old United States bond were
unaltered on call.
CLOSING. STOCK QUOTATIONS.
Sales.
Am Beet Sug. 600
Am Can 6.000
Am Car Fdy 3.5O0
Am HAL pfd 1.2O0
Am Loco .... 3.300
Am Sm A Rfff 1.200
Am Sugar Rfg 9O0
Am Sum Tob. . 2.3O0
Am Tel & Tel 800
Am Z L A Sm 1,200
Anaconda Cop 1,500
Atchison .... 5.7O0
A G & W I 8 S 7.0O0
Baldwin Loco 29.0UO
Bait & Ohio.. 1.2O0
Beth Steel B.. 37.40O
B A S Copper 900
Calif Petrol . . SOO
Canadian Pac Soo
Cent Leather. 1,900
Ches A Ohio. . l.loo
Chi M A St P. 1,600
Chi A N W . . SO0
Chi R 1 A Pac 14,600
Chino Copper. 1.3O0
Corn Products 25,400
Crucible Steel. .BOO
Cuba Cane Sug .4.700
U 8 Fd Prods 4.SOO
Erie 2.700
Gen Electric. 9O0
Gen Motors . .. 50,000
Gt No pfd. . . . 1.800
Gt No Ore ctfs 10.6O0
Illinois central
Insptr Copper.
Int M M pfd ..
Inter Nickel. .
Inter Paper . .
K C Southern.
Kennecott Cop
5ix
3. 01 Hi
800
1.200
9.2O0
1,500
2.200
Mexican Petrol 10,300
Miami Copper.
Midvale Steel.
Missouri Pac.
Montana Pow.
Nevada Cop ..
N Y Central..
N Y N H A H
Norf A West.
Northern Pac.
Pacific Mail.
3O0
4.600
4,700
200
500
OOO
3,600
100
1,500
100
High.
95
44
135V4
101 .
97 V
61 ht
131 'i
904
94
16
uSt
SOH
171
120 li
34 Vi
98
244
3 3 Vis
118'j
74 M
33 V,
35
81 S
34
33
99 Vi
145
54
65 "
13
143i
31 V
75
37
SI
19
- 75l,3
16
27 vi -
1
46
25
63 '
13 "A
71
30
92
Low.
93
42 H
132
100
95 '4
60 "i
130 i
90
94
16',i
57
8014
159 "4
116
9514
24i
32-4
116
7314
53
35 "
81
33
33
97
140
53
63
12
143
30
74
35. i
S7V
53 Is
' 85
19
73
16
2714
178
45
24 Vj
621
13
70
92 Vi
92
Pan-Am Pet.. 30.400
Pennsylvania.
Pitts A W Vs.
Pittsburg Coal
Ray Con Cop.
Reading
Rep Ir A Steel 27,900
Shat Ariz Cop. 3(0
Sin Oil A RfS 34,000
Southern Pac. 8.300
Southern Ry.. 6.5O0
Studebaker Co 20.4OO
Texas Co 56.0OO
Tobacco Prods 2,2oo
Union Pacific.
Untd Retl Strs
U S Ind Alco.
U S Steel
do pfd
Utah Copper..
Western Union
Westine Elect
Willys-Overlnd 13.000
National Lead
Ohio Cits Gas
Royal Dutch..
U S Lib 3is.
do 1st 4s. .
do 2d 4s . .
do 1st 4s.
do 2d 4s.
do 3d 4s.
do 4th 4s.
Victory 3s .
do 48 ...
U S 2s reg. .
do coupon
U S 4s reg. .
do coupon
Pan 3s reg.
do coupon
30 Vj
100
40
32
59
17
87 '4
99
.10
37
06
22
83
50
67
119
74
88
07
107
71
85
49
19
82 "4
41
114
BONDS.
.9l.501Anglo-Fr 5s . . .
.85.50IA TAT cv 6s
.84.92Atch gen 4s . . .
. ..86.20ID A R G con 4s
. ..85.00N Y C deb 6s.
, . .89.10 N P 4s
. . .85.64 N P 3s
. ..90.00lpaa TAT os.
. . .96.04tPa con 4 Vis. ..
.IOIVsIS P cv 6s
.101V4 So Ry 3s
IOO's.iU P 4s
.10'4U S Steel
..80
..80 'Bid.
1.800
1,500
200
900
10.400
2,700 -23.200
9,800
31.800
9,100
1,800
500
1,500
1.300
6.200
30 Vt
97
40
30
59
17
83
97
9
36
95
21
80
48
65
118
71
83
95
107
70
85
49
19
82
41
113
Last
Sale.
93
42V4
132
101
95 Vi
60
130
09
' 94 V4
16V4
58
80
169
116
33
90
24
32H:
118
73
53
35
81
33
33
97 V4
140
53
03
13
143 Vi
30
75
36
87
53',,
80
19
74
16
27
17S
45
25
62
13
70 Va
29
- 92
75
30
98
40
30
59
17
85
97
10
36
93
80'
49
67
118
72
80
. 96
107
70
85
49
19
82
41 Vi
114
6a. .
98
94
71
59
87
70
50
80
85
98
78
79
82
Mining Stocks at Boston.
BOSTON, May 6.-
Allnni7.
Ariz Com
Calu A Ariz . .
Calu A Hecla.
Centennial . . .
Cop Range . .
East Butte. . . .
Franklin
Isle itoyaile . .
Lake Copper? .
Mohawk
Closing quotations:
30 (North Butte ... 20 Vi
. llOid Dora 29
. 61 Osceola 44
.318 IQuincy 56
.11 (Superior 5
. 40Sup A Boston. . . 4
. 13Shannon 1
. 2Utah Con
. 34 1 Wolverine 17 V-
3Granby con .... 40
. 63 I Greene Can ... 32
Money, Exchange, Etc.
NEW YORK, May 6. Prime mercantile
paper, 7.
Exchange, steady. Sterling. 60-day bills,
$3.80; commercial. 60-day bills on banks.
$3.80; commercial, 80-day bills, $3.80;
demand, $3.84; cables, $3.85. Francs,
demand 16.40; cables, 18.38; Belgian
francs, demand. 13.42; cables. 15.40; guild
ers, demand, 86 ;-cables, 86; lire, de
mand, 20.80; cables, 20.78; marks, demand,
1.89; cables, 1.90; drachmas, 8.65.
Government bonds, strong; railroad
bondF. irregular.
Time loans, strong; 60 days. 90 days and
six months, 8.
Call money, eaay; high. low, ruling rate
and last loan, 79c.
Bank acceptances, 6.
Bar silver, $1.05.
Mexican dollars, 79c.
LONDON, May 6. Bar silver, 62d per
ounce. Money, 4.
Discount rates, short bills, 6. Three
months bills, 6
' Swift & Co. Stacks.
Closing prices of Swift A Co. stocks at
Chicago were reported by Overbeck A
Cooke company of Portland as follows:
Swift A Co 116
Llbby, McNeill A Libby 30
National Leather 12
Swift International 40
Coffee Market Firm.
NEW YORK. May 6. Reports ' of a
firmer tone in Brasil and an improved
spot demand were accompanied by a more
active buying movement In the market
for coffee futures today and a sharp ad
vance in prices. The opening was tin-
We have
FOR RENT
the following
1
Nl
1)
STORES
Good locations for:
Automobile Sales Room,
Automobile Accessories.
Electrical Supply House.
Moving-Picture Supplies.
GARAGE
50x100, new building, suit
table for salesroom and -repairing.
WAREHOUSE
four story brick building,'
50x100, f reisht elevator;
within six blocks of Meier &
Frank store-
Apply
Strong 6 HacHauhton
PORTLAND lLORBtll BUILOIN0 U OBCCON
changed to 8 points higher and there was
some little irregularity early because of
realizing, but offerings were readily ab
sorbed with July selling up from 15.15
to 15.60 and September from 14.83 to
15.10 in the late trading or 20 to 48
points net higher on active months. The
close waaoabout at the best point of the
day on most positions with last prices
showing net gains of 20 to 87 paints. Clos
ing bids: May, 15.20; July, 15.40; Sep
tember, 15-07; Oct., 15.04; December, Jan
uary and March 14.98.
Spot coffee, firmer: Rio 7a, 15, Santos
4a 23 to 24.
Eastern Iairy Produce.
NEW YORK. May 6. Butter unsettled:
creamery higher than extras. 60f61c;
extra, 59 & 60c; firsts. 674i58c; packing
stock, current make. No. 2, 40$ lie.
Kggs irregular, unchanged.
Cheese firm; state, whole milk flats,
current make, white and colored, specials,
28428c; others unchanged.
CHICAGO. May 6. Butter lower. Cream'
ery. 47&59e.
Egg higher. Receipts, 34,771 cases;
firsts. 42&43c; ordinary firsts, oS if 40c ;
at mark, cases included, 40&42c.
Poultry unchanged.
CORN AT TWO DOLLARS
HIGHEST PRICE OP SEASOX IX
CHICAGO MAItKET.
May Shorts Find It Almost. Impos
sible to Even Up Contracts; Ger
. many Bays In Argentina.
CHICAGO. May 6. Corn jumped today
to the topmost prices yet this season. The
supply here was so scanty and the de
mand so active that No. 2 yellow com
manded as much as S2 a bushel. Quota
tions closed strona-. 2o to &c net higher,
with July S171 to f 1.71 and September
$1.62 to 11.62. Oats gained hie to l"4c
and provisions 50c to 85c.
Shorts in the May delivery of corn dis
covered after midday in particular that
it was next to impossible to even up
contracts. This fact was due somewhat
to over-selling earlier on the part of the
bears, a circumstance more or less the
result of excellent weather and of sharp
cuts announced in the price of silk and
other commodities. Reports that Dutch
banks had purchased 40,000,000 bushels ef
Argentine corn for Germany counted as
a bullish factor Ir the late trading, and
so likewise did talk of broad export de
mand for wheat.
Oats were governed chiefly by the action
of corn.
Upturns In the value of hogs gave
strength to provisions.
The Chicago market letter received yes
terday by Overbeck A Cooke company of.
Portland said:
Corn The selling Immediately after the
opening was mainly local and failed to
breng out liquidation with the result that
an over-sold condition developed and made
the subsequent recovery rapid. The stimu
lating influence was the continued strength
of cash corn, which for the first time on
the crop reached the 2 mark for Ne. 2
yellow. Some buying . was also encour
aged by a report thai Germany was buy
ing large quantities of corn in Argentina.
Bearish news was of little consequence.
The effect of caBh prices on the deferred
deliveries is mostly sentimental and while
It may be the mentis of bringing about a
further advance the fact should not be
overlooked that an Immediate situation
has been created by transportation condi
tions and when the latter changes there is
also likely to be quite a change in the
trend of the market,
Oats Strength was borrowed from eern
and futures advanced more than 2 cents
from the low point In face of weakness In
the local spot market where cash prices
were as much as S cents lower and pre
miums late in the day reduced to a basis
of 6 cents over May for No. 2 white. This
business was due to a slight Increase In
receipts. Farmers are optimistic, which
should have a restraining Influence on
buying power in the new crop delivery and
result-In declining prices.
Leading futures rartged as follows:
CORN.
Open. High. Low. Close.
May $1.S24 11.80 S1.S2V4 $1.881
July 1.074 1.72 1.67l 1.71H
Sept 1.0914 1.63 l.SS 1.62
OATS.
July 91 Vm .P34 .90 .924
Sept 76 .78 .76 .77
MESS PORK.
May . ... , 35.00
July 36.67 36.67 36.30 36.6o
LARD.
May 20.00 2O.30 20.00 20.30
July 20.85 21.25 20.85 21.10
SHORT RIBS.
May 17.50 18.25 17.50 18.25
July 18.50 18.90 18.50 18.85
Cash prices were:
Wheat Not quoted.
Com No. 3 mixed, 1 1.92;. No. 2 yellow,
$1.99(912.
Oats No. 2 white, J1.12S 1.14; No. 3
white, fl. 1101.13:
Rye No. 2. $2.132.14i.
Barley 1.60189.
Timothy seed il0?11.50.
Clover seed $2535.
Pork Nominal. '
Lard $20.30.
Ribs $17. 50 18. 50.
Grain at' San Francisco.
SAN FRANCISCO. May 6. Grain
For May Investment
Our May offering sheet lists
75 carefully selected issues of
high grade securities eaqh
yielding at current prices an
unusually attractive rate. In
cluded are a number of munic
ipal issues yielding from 5.00
to 5.759i.
Write for Circular OR-302
The National City
Company
Correspondent Offices in Over
60 Cities
Portland Yean Building;,
telephone 6072 Maisu
FACTS. NO. RSI.
Obligation of
Supremacy
Reputation for par excellence
in any trade is both an asset
and liability attracting busi
ness but at the same time obli
gating its holder to a most in
tense degree of concern to al
ways maintain its reputation
for supremacy. So it is with
WARRENITE
BITULITHIC
WARKKN BROTHERS CO.
Wheat, $3,66 2-3 per cental; oats. red.
3 lo3.15; barley, feed. $393.10; corn,
California yellow. $3.25(g'3.50; rye, nominal.
Hay Fancy wheat hay. light, five-wire
bales, $3Sg4l per ton; No. 1 wheat or
wheat and oat hay. $353S: No. 2. $33 H
35; choice tame oat hay. $37 if 40: other
tame oat hay, $3337: barley hay, nom
inal; alfalfa bay, $32&37: stock hav. $29a
32; Oregon wkeat and oat mixed, $29w2;
No. 1 barley straw. 70cci per bale.
Seattle Feed and Hay.
SEATTLE, Wash.. May 6. City delivery:
Feed, mill, $50 per ton; scratch feed, $SS;
feed wheat. $97; all-grain chop. $78; oats.
$7tt; sprouting oats. $SO; rolled oats, $78:
whole corn, $S1; cracked corn. $83; rolled
barley, $76; clipped barley, $81.
Hay Eastern Washington timothy
mixed, $45 per ton; compressed, $50: al
falfa, $43; straw, si 8; Puget sound, $38.
Minneapolis Grain Market.
MINNEAPOLIS.' May . Barley. $1.47
1.78.
Flax, No. 1. 4.9l94.74.
Duloth tanseed Market.
DCLUTH, May 6. Linseed. $4.69 4.74.
SAX FRANCISCO PRODUCE MARKET
Price Current oa Vegetables, Fresh Fruits, .
Etc.. at Bay City.
SAN FRANCISCO, May 6. Butter
Extra grade, 66c; extra firsts, nominal.
Eggs Fresh extras. 46V4; firsts, lc;
pullets, 41c; undersized, 35c.
Cheese Old style California flats, fancy.
25c; firsts, 23c; Young Americas. 34 Vic.
Poultry Hens, large, 4243o; small,
36'38c; strictly young roosters. 40374SQ
for good; old, 17619c: fryers, 5052c;
broilers, larsje. 44 a 46c: small. 35c: geese,
per pound, 3032c: ducks. 2931c: Belgian
hares, 2oeu.22c; jackrabblts. $1.503.50 per
dozen, as to size: pigeons, rer dozen.
$2.50(ii;3; squabs, 5058u per pound.
Vegetables Beans. Imperial valley,
1014 cents per pound; bell peppers, per
pound, large, 10(jj.2Sc, small, 715c
Squash, summer squash, per crVte. $1.25 &
l.fiU; Italian squash, $1.50 1.75. Tomatoes,
Mexican, fancy. $23 per 30-pound lug;
Imperial, $3.253.50. Potatoes, rivers.
$7.50fe7.75 per cental: plow outs. $5
tt; netted gems, $7.50 7.75; new potatoes,
garnets, 6Vi(U8c; white, . ttVs&8c per
Eound; Turlock sweets. 910c. Onions
rown, $0.50(0.7 on street; Imperial Ber
muda, 7Sc per pound; crystal white,
7 Si 9c per pound; cucumbers, hothouse. $4
per box.. Uarlic, 3540c per pound.
Artichokes. $447 per large crate. Turnips,
$2.252.50: carrots, $3; beets, $2.25
2.75 per sack; lettuce. $1(0-1.50. Asparagus,
7&9c; fancy graded. 10ft12c: green
asparagus, 4(s6c; green onions, $1.25&1.50
per box; celery, per crate, $2(&4; eggr
plant, Los Angeles, 10fe.2Oc per pound.
Fruit Oranges, navel, $3(7 acoordlng
to size; Valencias, $4.50i7'6; lemons, $3.25y
5: grapefruit. $2.50 (rr3.50. Bananas. Cen
tral American. 9&'llc: Hawaiian. 10fr'12o
per pound: pineapples. $35 per dozen.
Apples. Newtown Pippins. 3V4 tier, $34
3.25: 8-tier. $2.753; 4Vi-tler. $2.50 02.75.
Rhubarb. $1.25(51.50: strawberries. Penin
sula and Wstsonville, 75c&$l; loquats,
large. Apricots, $0 per crate. Raspberries.
40c basket; cherries, 12H25c pound.
Receipts Flour, 18.338 quarters; wheat,
1740 centals; barley, 920 centals; oats.
1403 centals; beans. 52 sacks; potatoes. 476
sacks; hav, 215 tons: eggs, 117,420 dozen; I
njaes, rons: livestock. o .
Seattle Livestock Market.
SEATTLE, "Wasa., May 6. Hogs Re
ceipts, 267: market steady. Prime. $16& ;
16.50; medium to choice $1516: rough i
heavies, $14tl4.50; Bigs, (lie h.m.
Cattle Receipts, none; market steady.
Beef steers, 12.5013; medium to choice.
$10$12; common to good. $7.5010; cows
and heifers, $10.2510.75: common to
good, $7&10; bulls, $7.6008.50; calves.
$7.5oai.
Ksral Stores.
........ , r O M1.
SAVA.'VAAn, vxa.. v. .
firm. $177V; sales, 176; receipts, 446; ship
ments, i; SIOCK, il to.
Rosin, firm: sales none: receipts, 1148;
siupmenis, oou; eiock, if.ono.
$14.50015; D. $17.40875: E, $17.075: F,
-. - .... . 1 1 tit 7(Adn.
lu.rudvia; j, f i(.i. ,o " ,
I. $17.8090; K, S18'o15; M, $18.2530;
N, $18.50(jy 18.55: WG, $18.75; WW. $194125.
Metal Market.
Tin Spot, fi6.50e: May. June. 66.87c
Antimony and iron, unchanged.
Lead quiet. Spot and May. 9.00c
Zinc quiet. East St, Louis, spot, 7.75
7.90c.
Dried Fruit at New York.
NEW YORK. May 6. Evaporate ap
ples, dull; prunes, firm for Calif ornias;
peaches, fair trade.
New York Sugar Market.
NEW YORK, May 6. Raw sugar, steady,
granulated, 17.50fr23c.
Cotton Market.
NEW YORK. May 6. Spot cotton quiet.
Middling, 41. RQc.
MASONIC TEMPLE TO RISE
Structure and Site at Hoqnlam to
Cost $190,000.
HOQUIAM, Wash, May 6. (Spe
cial.) Hocjuiam is going to have a
new Masonic temple that will cost
about J150.000. The .site will be val
ued at $40,000. The property has a
frontage of 105 feet by 125 feet as a
corner lot.
The building plans include three
stories. P. J. Mourant is handling
the details and work will start as
soon as possible.
Discontinuance of Service Sought.
SALEM, Or., May 8. (Special.)
Testimony relating to the application
of the Sunrise Telephone company to
discontinue a part of its service was
taken at a hearing held at Airlie yes
terday. At another hearing- at Inde
pendence the application of the Inde
pendence Telephone company for an
increase in rates was considered. Fred
Williams, member of the Oregon pub
lic service commission, conducted both
hearings.
Tladd &tilton
I BANK,
Oregon
School Bonds
No better local securities
are obtainable than the School
District Bonds issued by sub
stantial Oregon communities.
Districts may not incur
bonded indebtedness in excess
of 5 per cent of their assessed
valuation, which restriction enforces conservatism and
prevents excessive indebtedness.
We Own and Offer:
$10,000
Tillamook County, Oregon
SCHOOL DISTRICT NO. 31
6 Per Cent'Bonds
Dated: February 21, 1920 Due: February 21, 1940
Optional: February 21, 1930
Denomination $1000
Principal and semi-annual interest, February and Au
gust 21, payable at the Fiscal Agency of the State
of Oregon in New York City, or at the Office
of the County Treasurer of Tillamook
County, at the option of the holder.
FINANCIAL STATEMENT
Assessed Valuation, 1918 $1,680,735
Real Valuation, estimated 2,500,000
Total Bonded Debt '. 35,000
Population, approximately, 1100.
This district includes one of ' the richest dairying and
lumber sections of Tillamook County. The seat of the
IJistrict is Bay City, a Pacific Ocean Port, with a popis
lation of 700 people. .
Price: 103.81
To Yield: 5H per Cent
, Exempt From All Federal Income Taxes
BOND DEPARTMENT
LADD & TILTON BANK
Oldest in, the Northwest
Washington and Third
iEMBEff
FEDERAl RESERn
illlillilllilllllllllllllllilllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
HI
I B I I XtfP
Write for
Stiffs Ttf aW Prite list
SULL1YAN HIDE L W0OL CO
1AA Cmnf ft
Portland r. 1 1 M
HIGH YIELD pSsAL
TO NET
PROVINCE OF ALBERTA, $7.50
6s Due 1923
PROVINCE OF MANITOBA, $7.50
6s Due 1925
PROVINCE OF SASKATCHEWAN, $7.50
5s Due 1924
"THE HOUSE BUILT SQUARE"
Qarstens & Jarles, Incorporated
Est. 1891.
Third Floor U. S. Bank Bldg. Phone: Broadway 4108
Enormous Profits
Krre From All Federal Income Tai
$52,500-017 OF ASTORIA
Improvement Bond
(Optional on and After November 1, 1920) Due: Nov. 1. 1939.
. , , DATED: NOV. 1. 1919.
L.stimated Maturities From Nov. 1. 192S. to November 1. 1939.
HK.VOMI.N'ATIOX- s.-.oo.
!Tin.iip1 and semi-annual interest (May 1st and. Nov. lst payable at the
Portland Oregon Treasurer- Astoria. Oregon, or at Morris brothers. Inc.,
PRICE lOO TO YIELD 6 '
TclcRTSph orders at our expense.
. Si?rJ' ,reSon. has an estimated populatien of 15. 000. is the connt-v
airn0r,rS-a'?P Cou7ty' located at the mouth of the Columbia RiSerT i"s
fs rr7J,?w aJ??rt and- secon1 larsest city in Oregon. It Is well built.
S.tTt?,tTinahotof Kr(lins commercial importance. Its five banking
Institutions have resources of approximately $6,000,000. ..ub
trlaJSindh,rfrfitiV3eiKiel l,UEinpsf lines. ' including commercial, lndns
iocks evt ArtJ, "Sand- haf ePenPd approximately S2.500.00O in enlarging
anakluer"nslf improvements. Salmon paclinf
LIBERTY and VICTORY BONDS
ir yoa mn.t Bell Tour .Liberty or Vietory bond, dell to n.
On Thursday,
ki- m t .. ' -i-'-". me Closing ftpff lortc market prices wer rven
xtonus. 1
Interest.. .
r the New York market and the exact value of your Libertv and Victory
alis 4 V;t "i 'uh Victory
9j'2 '? '4 4'' 8 vSs'So 9?0O t.00
la8 11 107 2-03 .61 .26 1.4S l.ST
Total. $92. SIS
w nen buyinjr
5S6.47 JSC 71 JS7.07 JS7.03 SS9.fi! SS5.SR 97 4R t7 Rt
sell at the Ne- York market, plus tl.i accrued inTere-t "UU" " e
Burslar and iireuroof Safe Deposit Bom for Kent
Ooea Intil 8 1'. M. oa -ft.
I Capital
I Out Million
LDOLLAHi
i orris Brothers ins
Wfie rPremtercMumcipaondjouse
MorrU Bide. 309-11 Stark St.. Ilet. Fifth and Sixth
Telephone Broadway 2151
tlTARtlSMCD Y
OvCft QuAKTtt I
CtHTuffY f
BBSEBXSB.
nrntTMi Mr-iMi'l !MM iW It'- .WEBB
Two Short Term
Provincial Issues
to Yield
7V2
PROVINCES OF
AL
TA
and
SASKATCHEWAN
The assessed valuation of these two wealthy
provinces is more than one billion dollars each.
ALBERTA
3-year 6 Gold Bonds
Due May 1, 1923
PRICE 96.03
Yield 7.50
SASKATCHEWAN
4-year 6 Gold Bonds
Due May 1, 1924
PRICE 94.90
Yield 7.50
Semi-Annual Interest
Principal and Interest Payable in U. S. Gold
1 1
iliunb
r' 3 m ft i
IWor InrisiofuOrogpn. Slate Banking DcfiartmenC
Bonds Trusts Acceptances
Lumbermens Building
Province f Saskatchewan
"6 Bonds Dated May 1, 1920 Due May 1, 1924
95.56 to net 7.30
r Am
r Aioerta
rovmce o:
6cc Bonds Daled May 1, 1920 Due May 1, 1923
96.03 to net 7.50
E L Pevereaux &(5mpany
87 Sixth Street
Broadway 1042
GROUND FLOOR WELLS-FARGO BUILDING
We ow n and are operating a large clam, salmon, beef, vegetable and
fruit cannery, a general store, hotel and transportation business, all
without competition. We are paying: now 4c a pound for "red" salmon.
We expect to pack 25,000 cases of salmon and thousands of cases of i
the other products. We are building; a new boat to place on our eight
hour rim. The freight rate will be J15 a ton each way. Boat carries
65 tons and a number of passengers. No debts. No agents. 'No sal
aries to officers. Stock all common. Capital $100,000. Stock 10c a
share (par). We are raising small balance to finish payments on boat.
A safe investment that promises to return enormous dividends every
year. Refer to any bank here or Commercial Club. Send for circular
today. Invest any sum from $25 to $5000. ,
QUEETS TRADING -CO., Hoquiam, Wash.
Pacific Gas and Electric Company
5-Year, 1co Convertible Gold Notes.
Due May 1, 1925.
Denominations $1000, $500.
These Notes, convertible into Common or Preferred Stock of
the Company, are the direct obligations of the third largest con
cern of its kind in the United States.
The Company operates in thirty-three counties in California, '
having an estimated population of 1,850,000.
This Issue secured by collateral which the Company agrees to
maintain at market value of at least 115 of this Issue.
Blyth, Witter.-& Co.
UNITED STATES. GOVERJTMEIiT MUNICIPAL AW) CORPORAITO.t B0XD5
YEON BLDG., PORTLAND.
Main 3304.
San Francisco Seattle New York Los Angeles.