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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 11, 1920)
THE MORNING OREG ONI AN, TUESDAT, MAY 11, 1920 23. ACTIVE WOOL TRADE T . ... ,n.r..Si i,e50.ros . ... l.lfl.8a 41(4.046 . . 2.K00.409 1.34S.432 Seattle Tacomi . . . . Spokane .... l'OBILAJfD MARKET QUOTATIONS I uniui x Kitir. r etui . A Merchants' Exchance, coon session: l Hid IOats May. No. 3 white fed $68.50 Barlev No. blue t 66.00 Standard feed 60. UO June. $63.00 About 600,000 Pounds Pur chased at 38 to 55 Cents. MOHAIR POOL IS SOLD Oregon Season Formally Opens When Buyer Pays 5 0 Cents Xor Polk County Lot. Wool shearing Is now becoming gen eral In eastern Oregon and supplies are beginning to accumulate at country points. Heppner and Condon are getting their first wool of the season. The condition of the new clip is reported to be spotted. There are usual rumors of business hav ing been transacted, but ho sales have been confirmed since the recent deals In the Echo section. In eastern "Washington, however, trad ing has been quite active. About 600,000 pounds changed hands there in the past week. For cross-breds 3S41 cents was paid, while fine wools brought 49&55 cents. . The 39C0 mohair season In Oregon may bo said to be formally opened. The Dallas poo!, 'which was smaller this year than in former seasons, was spld yesterday and H brought 30 cents. "William Brown, of Salem, was the buyer. During the regular bidding the price was run up to 47 cents, and then the Salem man offered half a dollar and the pool was knocked down to him. The result of the Dallas sales was to lift the market throughout the state. This morning most of the dealers will go out with offers of 43 cents net to growers. The price up to yesterday was 40 cents and a considerable volume of hair was marketed particularly In the latter part of the week. Because of the set-back that has been given the wool market In London and in the east, local buyers of sheep pelts have reduced their bids to 3- z cents for fine and 22 cents for c oar to wool pelts. Prom November 23, 1018. to April IT, 1920, 408,2G3(o07 pounds of government owned wool have been disposed of, ac cording to figures made public by the war department. On the sale of wool the gov ernment has realized $2:9,oG7,339, an av erage price of 30 cents per pound, which figure Is 12 cents per pound less than the average purchase price of 71 cents per pound. The average selling price, accord ing to war department figures, for the period November, 1018, to April 17, 1920, is 67 cents per pound less than the origi nal cost to the government. Government wools disposed of to April 17, 1920, cost the government an average price of 73 cents per pound, the statement said. MOST COAST CROPS DOING WELL. Manner Weather Mould Advance Growth of Wheat. Cereal and forage crop conditions on the Pacific coast are reported by the weather bureau as follows: Arizona Retarding growth of wheat crop by cool nights benTicial. Alfalfa harvest progressing favorably. Utah Kail grains generally and spring grain m southern portions are doing well. Spring seeding of grains In northern por tion . progressing rapidly. Rain needed in southern and eastern portions. Nevada Weather cold and windy and unfavorable for crops. Grain and alfalfa 1 developed slowly. Idaho Fair to .heavy showers fell -In northern and southeastern counties and light showers elsewhere. There was a more rapid growth of grain and alfalfa. Washington Spring wheat is coming up well but needs sunshine. Oat sowing in progress on uplands, but it is too wet on lowlands. Alfalfa grew well during the warm spell. Oregon Winter wheat doing well but in jured locally by worms. California Germination of corn slow. In some sections heading grain is suffering for moisture. Considerable barley., .oats and alfalfa being cut for hay and the quality is excellent- 65.50 3.00 Corn- No. 3 yellow 71.00 71.00 Eastern grain. bulk Corn, No. 3 yellow ..... 73.00 70.50 WHEAT Government basis, $2.20 per bushel. FLOUR Family patents, $13.75; bakers hard wheat, $13.73 ; best bakers' patents, $ ,1 3.73 ; pastry flou r, $ 11.80 ; graham, $!!.;; whole wheat, $11.85. M1LLFKKD Prices f. o. b. mill: Mill run, $5031 per ton; rolled barley, $72$p 73: rolled oats, $70)71; scratch feed. CORN Whole. $7677; cracked. $78 79 per ton. HAY Buying price, f. o. b. Portland: AUalta, $34; cheat, $23; valley timothy. $31. STOCKS IM SUPPORT PRICES GIVE WAY WITH FIRST EViDICATlOXS OF PRESSURE. MILL RUN ADVANCES ONE DOLLAR, f Wheat and Coarse trains Are i'irm and Tending Upward. Mill run prices were raised another dol lar yesterday when local millers quoted an f. o. b. price of $o0&51. according- to quan tity. Very little feed is available. The wheat market was strong at the same premiums as quoted on Saturday, 55 cents for soft and 75 cents for hard wheat. Coarse grains were generally firm. Com bids were advanced 50 cents and barley ranged from the same as Saturday to 50 cents higher. Feed oats were unchanged. At San Francisco December barley sold 5 cents higher, at 13.27. Chicago barley op tions closed llii&i'i cents higher. May rye had an 8-cent jump at Chicago, clos ing at $2.1!9. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat. Bar. Fir. Oats. Hav. Portland. Monday ." .. 14 ... 2 Tear ago 47 6 :J5 7 4 Season to date 8009 1 74 S740 45t 2098 Year aso 73?l lOo H553 UU9 307S - Tacoma, .Saturday 21 ... 4 ... 3 Tear ago 2 ... " Season to date. . .(1713 !4 3075 176 822 Year ago 5305 36 174 1209 Seattle, Saturday. 4 ... 7 Year ago 5 Season to date. ...1912 213 1099 ti-13 1171 Tear ago 5290 76 1241 543 2543 CUBB BUTTKK DK.MAND IS SLACK Print Sell at New Reduced Quotation; 2gga Am Steady. Print butter went out yesterday at the new reduced price. Cubes were in good supply and as the demand wu slack the market was weak. The egg market was unchanged. There j. was less Inquiry from the outside and from j. storers and receipts were also lighter. Poultry arrivals were small and prices the same as Saturday. Dressed pork was steady at 23 cents for fancy. Veal dragged at the old price. nRST CHERRIES AT HIGH PRICE B.rry Receipts Are lolr and Sell Weil; Asparagus Lower. The first California cherries of the sea son made their appearance on the market yesterday and sold at 45 cents a pound. A straight car of California strawberries was divided between Portland. Seattle and Spokane. The local consignment sold Well at $1.2. j '(j 4.00 a crate. ' Asparagus was more plentiful and lower. "Walla Walla selling at SI and Oregon at $1.852 a dozen. 'I Steady Decline In Visible Supply. J. The American wheat visible supply coro- pares as follows: Tiushels. Decrease. r May 10. 1920 -MM.i49.ltW0 1.9.;r.0()0 .May 12, 1019 42.218,000 7.2S4 ooo . May 13. 191 S l.S72.IMl(t ,T ikii) May 14, 1920 SS.OSO.Ooo 967 000 May 15. 1916 . 45.708.000 l.ltis'uOu Increase. The corn visible is 4.52S.000 bushels, a ' decrease of 507.000 bushels; oats visible, . 1 0.477.0O0 bushels, decrease 330,000 bushels; rye visible, 15.105,000 bushels, decrease 455,000 bushels; barley, decrease 381,000 bushels. Bank Clearings. Bank clearings of the northwestern cities -yesieruay nero u xunows: Clearings. Tlalancen. Iuiry and Country Produce. BUTTER Cubes, extras. 50g'51c per pound; prints, parchment wrappers, box lots, 56c per pound; cartons, 57c; half boxes, c more; less than half boxes lc more; butterfat. No. 1, 53j54c per pound at -stations; Portland delivery,' fi5c. EtiUS Jobbing prices to retailers: Ore gon ranch, case count, 40 41c; candled, 43c; select, 45c. CHEESE Tillamook, f. o. b. Tillamook: Triijets. 32c: Young America, 33c; long horns, 33c. Coos and Curry, f. o. b. Mvrtle Point: Triplets. 31c; Younj Americas, 32',-jC per pound. POULTRY Hens. 3133c; broilers, 33 40c; ducks, 45ci geese, nominal; turkeys, nominal. VEAL, Fancy, 21c per pound. POKK Fancy, 23c per pound. Fruits And Vegetables. FRUITS Oranges, $4.508; lemons, $5.50&'6.25 per box;; grapefruit, $3.508.25 per box; bananas, 10-itllc per pound; ap ples, 2.50 4 per box; strawberries, 94.25 (&4.50 per crate; cherries, 45c pound. VEGETABLES Cabbage, OVaC pound; lettuce, $3.75$4 per crate; cucumbers, $1.2513.2.75 per dozen; carrots, $4 per sack; celery, fl.oOU per dozen: horseradish, 25c per pound: garlic, 4050c per crate; tomatoes, S5.75 per box: artichokes. 1 fi $1.25 per dozen; spinach, 8&9c per pound; rnunarD, 3 lz (0 4c per pound; peas, 11 per pound; asparagus, S1.8542 per doz. ; cauliflower, $2(X2.50 per crate. POTATOES Oregons, $78 per sack; Yakimas, $88.50; new California, 12ft (? 13o per pound; sweet, 12c per pound. ONIONS Yellow Bermudas, J3.75 per crate; white, $4.50 per crate; Australian brown, $7.50 per sack. Staple Groceries. Local Jabbing quotations: SUGAR -Sack basis: Cane granulated, 24 '-ic per pound: extra C, 23.85c; golden C, 23-c; yellow Li, 23.65c; cubes, in barrels, 25. 1 00. NUTS Walnuts, 26&.38c: Brazil nuts 35c; filberts. 35c; almonds. 3S 'if 3 '-ic; pea nuts, IHltf'jc; ccoanuts, $2 per dozen SALT Half ground, 100s. $11.25 per ton; 50s, $18.75 per ton; dairy. $27.75 per ton. RICE Blue Rosp, 15-Xc per pound. BEANS Small white, 7Ve; large white, 7-?4c: pink, 15dic; lima, 13c per pound. COFFEE Roasted, in dr-im. a-i Gi - bayous. 11 ic; Mexican reds, 10c per pound! Hides and Pelts. HIDES Salt hides, under 45 lbs,, 22c; green hides; under 45 lbs., 20c; salt hides, over 45 lbs., 18c; green hides, over 45 lbs., 16c; green or salt calf, to 15 lbs., 50c green or salt kip. 15 to 30 lbs., 28c; salt bulls, 14c; green bulls, 12c; dry hides, 30c; dry salt hides, 24c; dry call under 7 lbs., n.ic; salt horse, large, $7; salt horse, me dium, $6; salt horse, small. $5. PELTS Dry pelts, fine long wool, 32 Vict dry pelts, medium long wool, 30c; dry pelts, coarse, long wool, 22c; salt pelts long wool, April take-off. $"3 to $4. Provisions. Local jobbing quotations: HAMS All sizes. 3943c; skinned 37 44c; picnic, 25c; cottage, 35c. I.IRD T!r-r.o Kaui ... . , ' " w vompouna, 25c per pound. jjjti ali snort, clear backs, 25c 29c per pound; plates, 23c. BACON Fancy. 45c55c: standard 34 44c per pound. Hops, Wool, Etc. HOPS 1919 crop, $1 per pound; 1920 contracts. 10c; three-year contracts 45c average. MOHAIR Long staple, new clip, per pound. ' TALLOW No. 1, llli 12c;. No. 2 per pound. ' CASCARA BARK Per pound, old peel llljc; new peel, 10c per pound. WWOL Eastern Oregon, 40 60c- valley medium, 50c per pound GRAIN BAUS Car lots. 21c, coast. Oils. LINSEED OIL Raw, barrels $1 18- raw, drums, $2.05; raw, cases, $""13; boiled, barrels, 12; boiled, drums $" 07- boiled, cases, S2.15. TURPENTINE Tanks, $2.46; cases. COAL OIL 2Iron barrels. 14M-iai7o-cases, 2734c . ' GASOLINE Iron barrels, 27c; tank wagons. 27e; cases, 39ac. - FUEL OIL Bulk, $2".1Q per barrel." Coffee Future Lower. NEW YORK. May 10. The market for coffee futures was lower todav a. a .- suit of realizing after the advances of last week and private reports that rather an caaiei lone nau aeveioped at Rio. The opening was 17 to 21 points lower and ac tive months s-on sold 4 to 20 points be low Saturday s closing figures. This was followed by a rally of several nmnti covering and a renewal of support from last w eek's buyers w hlch carried September up ij.orc lu jo.i.ic. ine advance met ic.icv.cu iiirasurt. nowever, and most of the active months sold at the lowest prices of te day in the late trading, with July touching 15Hc and December 14 75c ' The close showed a net loss of 27 to 35 points May, Ij.Ooc; July. 15.39c; September" 14.04c: October. 14.89c; December, January and March, 14.79c. Spot coffee quiet, Rio is losc to 15Tc; Santos 4s, 23c to 24MsC Eastern Dairy Produce. NEW YORK. May 10. Butter easier creamery higher, than extras. 63&03'-c: creamery extras. 6214c: firsts, 5S"iij6r'c: Darkln? nine It rtir-rn m 1. n ,. . w r, , mane, no. -. 4UC Lggs Irregular; storage packed extra firsts, 48Vic; firsts. 464Sc: fresh gathered extras, firsts, 4748c; firsts. 44(46V-e Cheese Firm: state, whole milk " flats "clu oKt--irt.'w, wnue ana colored, ol(g'3-'c-average, run. 30c; state whole milk flats' current make, specials, white and colored' 2 b t& 29c. ' CHICAGO, May 10. Butter, lower Creamery. 47 59c. Eggs Lower. Receipts 27 "91 03... - firsts, 41'442Iic; ordinary firsts, 3S38c; at mark, cases included, 394J.41C. Poultry Steady. Springs. 37c; fowls 34 Vic. New Tork Sugar Market. NEW YORK. May 10. Raw suitar. firm Centrifugal. $10.56; refined, firm: un changed to lc higher. Fine granulated, Cotton Market. NEW TORK. May 10. Spot cotton. nuiet. Middling. 41.30c. Industrial Shares Adversely Af fected by Heavy Cancellations of Textile Orders. NEW TORK, May 10. The stock mar ket was moderately strong and active at the outset of today's market, making ad ditional gains before noon, but lapsed Into a dull and heavy trend Ions before the close. Early Improvement was generally ascribed to the stronger bank position disclosed by last Saturday's statements of the clearing house association and local federal reserve bank. Other weekvend ad vices also seemed encouraging to the con structive side of the market. As the session progressed it became evi dent that trading again lacked the ele ments of bullish leadership, save for the operations of pools. With the first Indica tions of pressure prices fell away as easily as they md arisen. Royal Dutch made a new high record. Sales were 850,000 shares. Oils dominated the day as a group, however, their activity being based upon favorable trade conditions. An advance of 1 Vi cents per gallon was announoed by one of the largest refiners, while pro ducers in the middle west ordered an other upward revision of prices for crude and refined products. The April tonnage report of the United States Steel corporation, bringing the total of unfilled orders to the highest figure since August, 1917, railed to stimulate a demand for steel shares. Other indus trials probably were adversely affected by heavy cancellations of orders for textiles due not so much to the strike, it was de clared, as to a reaction In the trade. Call money was freely offered at 7 per cent, going to 8 on an unexpectedly large demand in th3 lat hour, but closing at the lower quotation. Bonds were Irregular ' and featureless ili'-m th,"r easler trend- h' -too applying to liberty Issues. Total sales (ar value). $10,150,000. Old United States bonds unchanged on call. l-bOSING STOCK QUOTATION Low. 95 14 133 98 !.-.4 (10 ?i 131 00 Vi 94 Vt 45c 10c Am Beet Sug. Am Can Am Car Fdy Am -H & L pfd Am Loco .... Am. Sm & Rfg Am Sug Rfg Am Sum Tob. . Am Tel & Tel Anaconda Cop Atchison .... A G & XV I S S Baldwin Loco. Tialt & Ohio.. Beth Steel B. Calif Petrol . . Canadian Pac. Cent Leather. Ches & Ohio. Chi M & St P Chi & N W. . . Chi R I A Pac Chino Copper. Col Fu & Iron Corn Products Crucible Steel Cuba Can Sue U S Fd Prods. Erie s flen Electric . Gen Motors. . . Gt No prd . . . Gt No Ore ctfs Inspir Copper. 3nt M M. prd.. Inter Nickel.. Inter Paper . . K C Southern Kennecott Cop Louis & Nash Mexican Petrol Miami Copper MIdvale Steel. Missouri Pac. Y Central.. N Y N H & H Norf & West.. Northern Pac P Tel & Tel.. Pan-Am Petrol Pennsylvania. . Pitts & W Va Pittsburg Coay Ray Cnn Cup. Reading :ep lr & Steel in on Rfg GRINNELL 1 1 When the Fire Starts tht VatCT Starts Putting Out Tour Fire When the fire that "can't happen" actually happens, you won't need to worry if your place is equipped with Grinnell Automatic Sprink' lers, for when the fire starts the water starts! Grinnell Sprinklers protect your property and your workers lives. And they pay for themselves by reducing your insurance pre mium. Ask your own insurance broker. GRINNELL COMPANY of The Pacific 1517 L, C Smith Building SnU, Washington Sales. .".00 1.500 3.1110 4.000 4,0(10 4.11(10 S00 1.200 1.200 1.4O0 3.200 2.20O 60.SO0 3.0O0 11,200 J no - 600 500 sno 1.600 300 24, sno 500 .".00 7 900 6.0(10 4.5O0 1.500 1.000 soo 7,r.no 1.000 1,200 400 1.0(10 4.20(1 700 7.900 000 200 21.200 200 find 11.000 1100 i2roo "00 2.000 200 46.500 6.700 1.000 500 50(1 2S.000 9.100 21 ono High. 95 4 42V4 J-35-, 98 07 '.4 2 132 90 14 - 04. u M 81 172'i 1122 35 "4 3 32 119 73 li 03 Va 35 30 08 14S 53 65 13 143 31 75 'i 36 Vi 53 14 R7 20'i 744 IS", 27 -i 101 Vi 190 22 45V4 26 H 71:4 31 '4 92 14 75 '4 40 '4 1(15". 40 Vi 31 '4 58 17 88 os 14 37 H 80 1644 Hi 93 V4 32 118 71 '4 53 "4 35 80 14 34 14 35 05 140 - o j 63 4 12T4 142"4 29 V4 8 85 7-4 19T(, 7214 17 "4 2754 . 101 V. 179V4 22 44 25 'i 70V4 30 92 i 7414 4014 10014 394 31 H 57 14 17 V 86 V4 95 34 S. Bid. 95 V4 41 14 133 98 95 4 61 V4 131 90 ;4 94 '4 67 74 80-- 164:4 115 34 03 74 32 1 1 S if. 35 Mi SI 34 32 95 '4 140 .-.214 03 4 124 142'4 204 75 V4 35 53 S6 20 7' 174 27-4 101 4 1804 m 44 25 14 70V4 30 Wi '4 74 4 40 ' 100.. 40 si '4 57 '4 174 86 ;. P5V4 35 Southern Pc. 23.3O0 9TH P5H P5H Southern Ry.. T.900 234 22t 224 Stu. Cor. exdv 13,900 8(4 7674 77'4 Texas Co 49.500 5dv4 48 7s 484 Tobacco Prods 600 66 65 V- 65 '4 Union Pacific. 2.SO0 119V4 IIS'4 1184 Untd Rtl Strs 8.400 744 724 72"4 U S Ind Alco. 2,700 87 86 86' U S Steel 64.500 97'A 0T4 '" do pfd 900 107H 107 1074 Utah Copper.. 800 69V4 684 Westing Elect 200 49 49 40 Willys-Orrlnd 9.000 194 I8T4 19'4 National Lead 800 79 "4 77 4 77 Vz Ohio Cits Gas 2.21K) 414 o' 41 Royal Dutch.. 32.700 123H 1184 120 4 U S Lib 3 '4s.. do 1st 4s. do 2d 4s.... do 1st 4 Vis. . do 2d 4 Vis. . do 3d 4 V4S. . do 4th 4V4s.. Victory 34s.; Victory 44s.. U S 2s. reg. . . . U S 2s, coupon. U s 4s. reg . o 6 cr 4s. cou. Panama 3s, reg Pahairta 8s, reg BONDS. 91.70 85.70 85.14 86.521 85. 30 89.00i 85.641 9.1.961 98.001 101 V4 101 14 inV4 106 Vi 80 80 Panama 3s. cou. Anglo French fie Am T & T cv 6s Atch gen 4s... D & R con 4s. . NYC deb 6s.. N P 4s N P 3s Pao TAT Ss. . Pa con 4V4S.... S P cv Ss S P 6s U P 4s U S Steel 6s. .. . '80 98 'i 93 Vs 71 i 59 V. 87 64 70 V. 5014 80 84V4 PSVi 79 79 93 Bid. Muling Stocks at Boston. BOSTON, May 1C. Closing quotations: Allouez 32 IN. Butte 194 Ariz Com 1 1 4 Old Dom 28VS Cal. & Ariz.... 61 V4 Osceola 44 Qulncv Superior Sup. & Bos Min. shannon 63 5 4 '.4 1V4 -T'aH 73 12 V4 Cal. & Hecla. . . 32 centennial ....-11 Cop. Range.... 40 Enst Butte 13'. Franklin 2 -4: Utah Coneol Isle R. (copper) 30 'A 'Winona .... Lake Copper.. 8 Wolverine . Aionawa 62 I Mosey, Exchange, Etc NEW YORK. May 10. Mercantile pa per. 7 per cent. Exchange, steady. Sterling. (tO-flay bills, S3.7ST4; commercial 60-day bills on banks, 3.78T4; commercial 60-day bills, $3.784: demand, $3.83; cables. $3 83 4 Francs, demand. 1.1.73: cables, 15.75. Belgian francs, demand. 14.87; cables, 14.85. Guild ers, demand. S6V4; cables, 36. Lire, de mand, 20.27: cables. 20.50. Marks, de mand, 1.90; cables. 1.91. Drachmas. 8.58. Government bonds, irregular; railroad bonds. Irregular. Time loans, strong, 60 days, 90 days and six months, 8V4 per cent. Call money, steady; high. 8 per cent: low, 7 per cent; ruling rate. 7 per cent: closing bid, 7 per cent; offered at 7 per cent; last loan, 7 per cent. Bank acceptances. 6 per cent. Sterling advanced further in the late dealings. Commercial 60-day bills, $3.79 2-3; commercial 60-day bills on banks. $3.78-4: demand. J3.83V4; cables, $3.844i. Bar silver. I1.04U. Mexican dollars, 78T4C. LONDON, ' May 10. Bar silver, 614d per ounce. Money, 4V4 per cent. Discount rates, short bills. 6H per cent. TBree months' bills, 6 11-1G'?64 per cent. Unfilled Steel Orders Increase. NEW YORK. May 10. The United States Steel corporation announced today that unfilled orders for the month end ing April 30 totalled 10,359.747 tons, a gain of 467.872 tons over the previous month. The total unfilled orders was brought up to the highest point since August. 1917, when the unfilled1 tonnage was slightly more than 10,400,000. Swift & Co. Stocks. Closing prices of Swift & Co. stocks at Chicago were reported by Overbeck & Cooke company of Portland as follows: Swift tc Co 114V. IJbby. McNeil & Libby 244 National Leather .....-.. 32VA Swift International 384 Exchanges Close Saturdays." NEW YORK. May 10. Members of the New York coffee and sugar exchange voted today to close the exchange on Sat urdays during June. July. August and the first Saturday In September. ' Metal Market. NEW YORK, May 10. Copper, quiet. Electrolytic, spot and nearby, 18419V4c; June and July, 19 '4c. Iron, steady. No. 1 Northern, $49; No. 2 Northern, $48: No. 2 Southern. $43. Antimony, 10.12V4C. Tin. easy. Spot. 35.70c: June-July. 55c. Lead, quiet. Spot and May offered at 8.75c. Zinc, quiet. East St. Louis delivery, spot and May offered at 7.87 '4c. ntiltith Linseed Market. Dt'I.ITH. May in Linseed $4.:4.71 High Yield Municipals eIeMPT FIIOM FEDERAL, INCOME TAX Tleld4 Norfolk, Virginia, Water 5's of 1923 6.03 Cook County, Illinois, 4 2's of 1923 5.50 Chicago Sanitary District 4's of 1921-26 5.50 Portland, Ore., Harbor Dev. 42's of 1926-30 5.50 Minneapolis, Minn., Street 5's of 1922-40 5.37 CiTcular on request for OR-034 The National City Company Correspondent Offices in Over 60 Cities Portland - Yeon Building; Telephone Main S072. Bonds Acceptances Preferred Stocks "I!?! S "-t--.-.-.-. a w 1 "1M4, III.I WEATP JIK FRUIT LiAItGK CHOP INDICATED IX MEDFORD SECTION". Prospects Are Generally Good in Western Oregon Grain Is Mak ing Steady Growth. Crop conditions in western and southern Oregon are reported by H. A. Hinshaw, general freight agent of th Southern Pacific, as follows: Albany Weather conditions during past week have been favorable for crops and farmers are making good progress in pre paring the ground for spring grain and potatoes. Fall grain, making good growth; pastures and hay looking well. Apple trees are in blossom and do not seem to have been damaged much by the cold weather, while peaches seem to have been damaged considerably. It Is estimated that the damage to the prune croo will reduce the yield about 50 per cent. Ber ries seem to have been damaged very little. Salem Weather during pa?t week clear and warm. Alt small grains, hay and pastures making good growth. Prune and cherry trees in blossom and are in good condition. Berry bushes are looking wcH and Indications are for a very good crop, with a large increase in acreage as com pared with last year. McMinnville Weather during past week clear and warm and favorable for grow ing crops and preparation of ground by farmers for planting of potatoes. Indica tions are for a light acreage account of high price of peed. Acreage of fall and surma srain will be about normal ; both are in good condition and making good growth. Pastures in good shape and fur nishing good grazing for livestock. Wal nuts were damaged considerably by the freeze laHt wlriter and the yield will be very light. Prunes and apples do not seem to be damaged to any great extent. Hlllsboro Weather during past week has been clear w;ith warm days and cool nights with light frosts, which have done no damage. Small grain acreage shows a large increase as compared with last year, -which is In good condition. Hay and pas tures making good growth. Potatoes now being planted and indications are for normal acrerlKe. A pple, peach, pear and prune trees daniasred considerably by the freeze last winter, while cherries do not seem to have been damaged Tery much and are In full bloom. Cottage Grove The past two weeks have been dry with light frost nearly every night, but no damage has occurred except to garden truck. The warm weather has brought out the fall grains so that they are showing up well, also pastures. Farmers are plowing and planting spring grain; indications are that the acreage will be the same aa last year. All fruit trees are in fairly good condition, with the exception of peaches, which are not looking very well due to the cold weather last winter. Berry bushes are rather backward owing to the continued cold weather, but indications are that they will make good advancement. Corvallis Temperature during past IS days has varied from 70 to 31 degrees. Weather during the past week has been very favorable for growing crops. Corn acreage will show m large increase, while potatoes will show a decrease owing to scarcity and high price of peed. Apple trees are in bloom and prospects ire en couraging. Peaches and pears were dam aged quite extensively and there will be a very light crop, while prunes and cher ries are looking better; Indications are for 50 to 73 per cent of normal crop. There Is a large acreage of berries. especially strawberries, which have been planted In this vicinity to date. Roseburg Weather during past ten days has been clear and warm with very little rainfall. Both fall and spring wheat making good growth. All fruit trees and berry bushes are looking very promising and are practically out of danger of frost. Conditions were never more promising at this time of the year. Medford Weather during past two weeks has been very favorable. Small grains have a healthy color and are mak ing good growth due to the warm weather. Apples and pears are doing exceptionally well, the cool weather during the early part of April putting them back some wh&if but since the warm weather has come they are in bloom and are consid erably heavier than last year. Indications are for one of the largest crops ever pro duced in this section. Canadian Provincial and City Bonds Yielding 7H Per Cent FREE FROM ALL DOMIMOX GOVERNMEXT TAXATION'. PROVINCE OF ALBERTA Thrse are e Gold Bonds dnvl May 1. lO'O, due May 1. 12.1. Denomination 1000. Prior DG.O-.l and interest to yield 71. This in one of the richest nn.l most extensive ot Canadian I'rovineex. -with nn area nccrop.atinc ll,S7:jKM nerea, 10U,oo,000 of vrhieh are arable. lronerity abounds and its future ia certain. PROVINCE OF MANITOBA These are 5fi Gold Bonds dated April 15, 1!20 dne April IS, 19-23. Denomina tion iui. frlee :ll and interest to yield T'ic. 1'lils is the oldest of the prairie Provinces of the Dominion of Canada and is noted for producing the highest Krnde of wheat. Its 101s agricultural crop and livestock -were val ued at :tl7.on.OH. Winnipeg, the capital, is a magnificent modern city of more than 00,KO population. Principal and Seml-nnniinl Interest payable in cold la Xesv Torlc or at Quarters of .Morris Brothers, Inc. Dried Fruit at New York. NEW YORK. May 10. Evaporated ap ples, dull;' Californias, 10&13o; state 16c. Prunes firm: Californias, 9.y29c; Ore eons. 11 "4 4j 19'ic. Peaches steady. standard 17UfJ19c: choice lSlil!0M:c: fancy 21c. Hops, Ktc, at ew York. NEW YORK. May 10. Hops, steady, state and Pacific coast medium to choice, 1H. r.c& 1.05; 101S. u0'j9jc. Hides, wool, unchansed. Nevr Issue ; 125.000 SKares Broods Steamship Coiporation " . ( Incorporated In Delaware) . CAPITALIZATION (upon completion of preaent financmf) Authorized Capital stock (No Par Value) 500,000 Shares 8 Jt Mortgage (to the U. S. Skipping Board) $3,750,000 Transfer Agonti The Equitable Trust Company of New York Tob presently issued 185,000 Shares- Registrar? Guaranty Trust Company of New York A teller from F. Bradley Cox, Vice-President in charge of operations, to nhich reference is made, is summarized as follotps- .... J Business: Brooks Steamship Corporation was organized in March, 1919 and sinco that time has been engaged. in operating steamships for the account of Nacirema Steamship Corporation in trans-Atlantic trad routes. European coastal and cross channel traffic. It has developed an extensive organization for chartering and handling steamship freights, with offices in New York, New Orleans, London and Buenos Aires and chartering agencies in Baltimore, Philadelphia, Rotterdam, Amsterdam, Hclsingfors. Havre. Hamburg. Danzig and in the leading shipping centers ofthe West Indies and .South America. Property: The Company has now arranged to purchase the vessels heretofore operated by it together with, two additional vessels, comprising in all 25 steamships with an aggregate deadweight tonnage of approxi mately 1 15.000 tons. Sixteen of the ships are of the Supple-Ballin type, (composite steel and wooden construction)' and nine of the Daugherty type (wooden construction). All of the vessels are classed At for ten years in Lloyds andor American Bureau of Shipping, and the actual experience of the Company in their operation on voyages averaging 10.000 miles has demonstrated their stability and soundness of construction. Upon the completion of the present financing the Company will own the entire fleet of 25 vessels, free and clear of all indebtedness, except a mortgage to the United States Shipping Board for $3,750,000 bearing interest at 5, and will also have a cash working capital of approximately $1,000,000 and accounts, receivable in excess of $750,000. Earnings: The net earnings from the operation of 23 of the above ships for an average five months period, before depreciation and taxes, amounted to $1,775,000. On the same basis, had the entire 25 ships to be acquired, been in operation chiring the past twelve months, the net earnings would have been $4,625,000. Allowing for an appreciable reduction in rates, the estimated annual net earnings before depreciation acd taxes are between $3,200,000 and $4.000 000. an amount equal to. from $16 to $20 a share on 185.000 shares. This amount, less depreciation and taxes, will be available to meet the interest and ' . instalments of principal on theT mortgage, for dividends and for extension of the Company's business. - We are advised that application will be made to list this stock 'on the New York Stock Exchange. A large part of the above stock having been sold or withdrawn, we offer the unsold balance, reserving, the right to reject any and all applications and also in any case to allot a smaller amountthan applied for. PRICE $25 PER SHARE . Deliverable, when, as and if issued and accepted by us. R.C. M EGARGEL & CO Syndicate Manager 27 Pjne Street, New York Tbe aVe tfirwrmsrlM abd stafMIea arc not iraoraateed. bat beBese tl . LIBERTY and VICTORY BONDS If T"u nin-it sell your I.ibrrtr or Victory bonds, sell to ns. 11 Tou can buy more Liberty or Victory bonds, buy from us. k.i Monday. May 10. l;r.-i). the closing New Tork market pn.-es were as riven E-7?' J y.?re Bovernlnie prices for Liberty and Victory bonds all over the world, and the hlRhe.-t. V e advertise those prices dally in order that you may always know the New York market and the exact value ot your Liberty and Victory Bonds. Market. . Interest. 1st 3;a $91.70 1.41 1st 4s S83.5H 1st 4s 4 'is 1S.Y14 SSl..-0 4,J ::i 4th 4 'is 4 'is tMl.OO ,5S.1..-S .tili .30 Victor v 3 -i s 4 s s:5.!i S9tj.no Total. J93.1l SS7.12 SM7.00 W hen buvinir w deduct 37c on a .S;.-;0 hnn.l onH -.0 - Clnno' t.nl -1 v 2 sell at the New York market, plus the accrued interest. Burclar and firruroof Safe ie posit Koves for Bent Own Intil 8 P. 31. on !Suturla.vs I C-tOtTAL i OtstMitAlON orris Brothers ins ' Jfie rPremiercMunicipal SondThusB Morris Bids.. 30!-1t Stark St.. llet. riftu and Sixth Telephone Unwdn.v S151 tSTABuV"CC 9 Ovt QuAjrTESjjj e. 1 it k "Mi?1 I KSSSS2 Prosperous Growing: KENNEWICK is a part of this great district. rl The bonds which we offer are obligations of the city as well as of the 11,500 acres embraced within the Columbia Irrigation Disk of Benton County, Wash. 6 Serial Gold Bonds priced to Yield full 6.25 Dated Jan. 1, 1919 Due Jan. 1, 1932-39 More than 7300 acres of this flourishing district are al ready in improved irrigated farms. The actual value of this district is estimated at $2,624,205 and its total bonded debt, including this issue, is $300,000. 1 Full information forwarded on request. - I nTTTtf onaQilfiisiCQ Under- S cportSiorL, Orooti S(aie BojuuitDejwrtineai, BONDS TRUSTS ACCEPTANCES Lumberraens Bldg RZS3ZIS How Manufacturers and Jobbers Collect Accounts "What policy do you follow in collecting; accounts?'.' is only one of the 6 bin questions we recently asked the country's foremost merchants, to secure a consensus of opinion as to the safe conduct of business in these un certain times. The answers to all 6 questions have been condensed in a book which we will gladly send, without cost, to any manufacturer, jobber or banker in the U. S. Copies positively will not be sent to anybody not falling: in one of these 3 classes. The bad debt loss is a stupendous tax upon the business interests of this country. In a single generation, be tween 1890 and-1919, nearly 400,000 merchants in the United States failed, owing; about 55,440,000,000. Ways to lessen this dreadful, and in great part avoid able drain are clearly pointed out in this report. Think of what it means to you to get the detailed opin ions of over 200 firms in every line, on the foremost business problems of the day. The benefit of such counsel may mean thousands of dollars to you! The. report is yours for the asking. Write, phone or send a messenger for your copy today. AMERICAN CREDIT-INDEMNITY CO. of NEW YORK E.M TREAT, president 'SUES STANDARD UNLIMITED POLICISS II. T. MacHILL, General Agent Board of Trade ttldff. Portland, Oregon l'honc: Main 1179 Portland 5,3Ul,2i2 375,219