THE MORNING OKEGONIAN, WEDNESDAY. MAY 12, 1920
23.
PRC
NUT
Si
No
E
HAVE REACHED TOP
Recent Advances in Raws
in Eastern Markets.
IMPORTS MAY BE FACTOR
jConbumptioii Inspected to Fall Off
in This Territory During
! .. Acit l'ew Months.
Z It Is the belier of roost authorities In
. the sugar market that, prices are now at
, or very near the top. There Is no way of
v 't knowing what the Cuban growers Intend
to do, but tho tact that the raw sugar
market at New Tork has remained sta
uy tionary for the past ten days is regarded
. as a hopeful sign. Tho cane refiners do
not seem disposed to put refined prices
higrher. The narrow spread between raw
and refined quotations shows their profit
- ! is only about 50 per cent of what the
" food administration allowed them during
i the war. but it is plain that if refined
p sugar prices were to be advanced further
... in this country the Cubans would taks
U immediate advantage of It to raise their
selling price of raws.
".' High prices In the United States have
had tho natural effect of bringing in
' t sugar from aft quarters. Two cargoes of
u beet sugar were imported from Germany
in April and another cargo came from
K. Holland. There were also imports from
Java and from the South American coun
tries that produce sugar. Java is offer
ing to sell more for shipment this summer.
Australia was preparing to ship to the
United States when an embargo was put
on exports from that country. The move
ment to tho United States of these addi
tional supplies would have already been
fctt had not consumption been so heavy.
With any falling off in the demand, these
Imports will prove a factor.
Tho new beet sugar crop will be on In
earnest In October. Some beet sugar will
begin to move from southern California
within 00 days. The government is try
ing to find a way to regulate the beet
sugar price and if it succeeds, this will
go a long way toward solving the sugar
- price problem.
Indications of a falling off In the de
, mand for sugar In the near future are
, not lacking. The California refineries sold
. much more in the first three months of
- this year than In the samo period last
m year and distributed It over a smaller ter-
ritory. This can only mean .that, con
sumers, fearing a shortage, have been
stocking up and what has been done, on
this coast, it Is reasonable to believe, has
been dono In other sections of the country.
- Therefore, the trade looks for lighter
buying from householders during the next
few months.
The use of sugar by canners and manu
facturers la altogether a question of price
,. and they will buy just enough to provide
for their probable sales, which are likely
by the high prices they
goods.
I for the grain crops, but it Is feared the
scarcity of fertilizers may affect the yield.
! Harvesting of wheat In this country Is ex
1 pected to be a month earlier than usual.
! A substantial portion of the'unseeded win
ter wheat land was put to spring wheat.
Denmark, Belgium, Spain Crop re
Ports from these countries are in the main
of a favorable tenor and the outlook, on
the whole, can be considered good.
Italy With the exception of the south
ern districts, where there has been soma
damage from drouth, the condition of the
new wheat is favorable, and rains In other
sections have Been beneficial.
Australia The pastoral outlook is bad,
but the prostwts for wheat are good, and
an increased area is quite likely If weather
improves. Weather still drouthy.
CIBE AXI PRINT BUTTER WEAK
Shading of Prices May Indicate Early De
cline in Market.
The cube butter ' market was weak.
Extras were quoted at 50 cents, but'buyers
held back as they anticipate a further drop
in prints. No notice was given of any
change In print prices, but there was more
or less shading by. creameries, which was
a plain indication of the condition of the
market.
The demand for eggs was restricted.
Buyers offered 3940 cents for shipments
from the country.
Poultry receipts were of fair size and the
market was steady. Dressed meat re
ceipts were large and were held a previous
quotations.
Larger Berry Receipts Today.
Strawberries are moving fairly well, but
would sell better If prices were lower. -The
California market is very slow in declin
ing. Six hundred crates came in yesterday
and sold at 44.25. Today's receipts will
be 120O crates, a large quantity lor the
mid-week business.
A car of Mexican tomatoes arrived, not
in the best shape. Itepacked stock was
quoted at 1 6.
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearings. Balances.
Portland $8.577.1S 777.2114
Seattle 7.L,n..V.(7 1. 561.1:1
Tacoma l.lMO.ftttS 7.r47
Spokane 2,o8.i' 7uj,8i:5
4
SHORTS ACTIVE SELLERS
SPECULATIVE AT INVEST
MENT ISSUES DECLINE.
Oils Alone Are Exempt From Bear
ish Pressure Liberty Bonds
Are Steady. v
. NEW" YORK, May 11. The stock market
today continued to express by its further
reactionary, trend an accession of bearish
sentiment among traders and the almost
complete absence of public interest or
support.
cauusa again were larffMv .t.t..4
L. u or Speculative Hhni-... onH
to
PORTLAND MARKET QUOTATIONS
Grain, Hour,
Merchants' Exchaoi
I'eed, Etc.
;e, noon
session :
Uiu-
tnVi rt?. 1 Sr?at deree of selling pressure
ceof w 'mPl"nent of quoted values, ex
cept among "poo ed" isi.o
The
May.
.us.00
fi!.00
65.00
June.
66.00
65.00
70.00 70.00
basis.
-to be restricted
must ask for the
,'SMAIJL GAIN Uf HOCK PRODUCTION
" Hheat Keceipts From Farms Increased in
Last Week Reported.
The fifty-second weekly bulletin, cover-
ing wheat and wheat flour movement
throughout the United States for the week
. ended April DO, 19J0, in connection with
figures for tht same period a year ago,
. fellows:
1920
' Wheat receipts from
farms. Dushels . . . 5,633,000
Wheat receipts from
farms previous
week, bushelj 4,813,000
I: "Wheat receipts from
farms June U7 to
i-, April :0, bushels .742,705,000
-.Klour produced dur
j, ing week, barrels. 1.S93.000
7 Flour produced dur-t,-
ing previous woek,
',:, barrels 1,632,000
oFlour produced June
iJL April 30.
-,. barrels ...114,175.000
1010
l.itSO.000
2,185.000
711,448,000
2.766,000
2.51-.000
104.642.000
Oats
No. 3 white feed .
Barley.
No. 3 blue
Standard feed ........ .
Corn
No. 3 yellow
Kastern grain, bulk
Corn
No. 3 yellow
WHEAT Government
bushel.
FLOUR Family patents. $13. 75
hard wheat. $13.75; best bakers"
$13.70; pastry floifr, sll.bO;
$11.60; whole wheat, $11. So.
MILI-J-'EED Prices t. o. b. mill:
run, 5051 per ton: rolled barley.
73: rolled oats, $70471; scratch
$88&8U.
CORN Whole, $7677; cracked, $78
79 per ton.
HAY Buying price, f. o. b. Portland:
Alfalfa. $34; cheat, $23; valley timothy,
$31.
1.00 . 70.00
$2.20 per
; bakers'
patents.
graham,
Mill
$72
feed.
Dairy and Country Produce.
Butter Cubes, extras. 50c per pound;
prints, parchment wrappers, box lots,
56c per pound; cartons. 57c; half
boxes, M:C more; less than half boxes,
lc more; butterfat. No. 1, 5354c per
pound at stations; Portland delivery, 50c.
" EGGS Jobbing prices to retailers: Ore
gon ranch, case count, 40c; candled,
43c; select, 45c.
CHEESE Tillamook, f. o. b. Tillamook:
Triplets, 32c; Young America, 33c; long
horns, 33c. Coos and Curry, f. o. b.
Myrtle Point: Triplets, 31c; Youngi Amer
ica, 32 c per pound.
POULTRY Hens, 3133c; broilers, 35
40c; ducks, 45c; geese, nominal; tur
keys, nominal.
VEAL-Fancy, 21c per pound.
PORK Fancy, 23c per pound.
oil industry n : m ainnA jt
rhh dl?turb'ng conditions, ai-
w.S-eri,. . ,.C.a" lsues were subjected to
?h- b, ;:tUatJon8 by vices from across
h v . Gr"e. This was offset, however.
ianoinr advance of prices for crude
and refined products.
Steels and equipments made little head
way, despite further circumstantial re
Ports of merger and prospective contract
f,h ?ad ,suPP"es- ' Motors and their
subsidiaries also seemed in temporary dis
favor and indications of a revival of de
mand for metals was of Itltle help to the
coppers. Sales, 835.000 shares.
Liberty- bonds were steady, but the gen
wJh ?ndencr elsewhere was in keeping
with the movement of stocks. Total sales
(par value aggregated J9.S00.OOO. Old
United States 2s lost 54 per cent on call:
others unchanged.
CLOSING- STOCK QUOTATIONS.
Am Reet Sug
Am Can
Am c & Fdy
Am H & L pfd
Am Ioco ; . . .
Am Sm & Kfg
Am Bug Kfg
Am Sum Tob..
Am Tel & Tel
Am Z L & S
Anaconda Cop
Atchison ....
A G & W I S S
Baldwin Loco.
Bait & O
Beth Steel B.
fan Pacific . .
Central Leath.
Ches & Ohio
C M & Kt Paul
Chi ft North . .
Chi R 1 ft Pac
Cliino Cooper.
Col Fu & Iron
Corn Products
Crucible Steel.
Cub Cane Sug
u S Food I' . .
Erie
Gen Electric. .
Gen Motors . .
Gt North pfd
Gt N Or ctfs.
Insp Copper. .
lilt M M prd. .
Inter - Nick
nt Paper ....
Kan City So. .
Kennecott Con
Mex. Petrol..
M iamami Cop
Mid vale Steel
Missouri Pac.
ev Copper... .
N Y Central..
X Y N H II
Norfk A West
Nort h Pac ....
P Tel & Tel..
P-Am Petrol.
Pennsylvania..
Pitts & W Va
R Con Copper
Reading
Ken I & Steel
S Con O & R
Southern Pac
South Railway
Stud Corp ...
Texas Co ....
Tob Product".
Union Pacific
Utd Rtl Stores
U S lnl Alco
V S Steel
U S Steel pfd
Utah Copper..
West Union . .
West Electric.
Willys-Ovid . .
O Cts Gas. . .
R Dutch N I
..Total stocks wheat
all elevators and
-. mills, bushels 134,851,000
Tfctal stocks wheat
all elevators and . .
mills previous
. week, busli:ls ...Z41.S42.000
10C. 732,000
120.S91.000
Change for week,
decrease, bushels. 6.091,000 34.159.000
- Exports of wheat and flour July 1, 1019,
to April SO, 1920t amount to 0S.333.000
bushels of wheat and 15,581, U00 barrels of
flour, making a total equal to 185.372,000
bushels cf wheat compared with 148,170,
"000 bushels of wheat, and 22,733,000 barrels
if flour last year to April 30. 1919, which
makes a total of 250,469.000 bushels of
-wheat; last year's total fiour exports In
clude American relief administration and
expeditionary force shipments.
COARSE GRAIN MARKET IS LOWER
Corn and Oats Bid Are Reduced at Mer
chants' Exchange.
Wlieat continued firm yesterday, but
.the coarse grains were weak and lower
with, the east. Oats and corn bids on the
local board were reduced 50c$l. Bar
ley was about stationary locally, but was
. easier at Chicago an San Francisco, De
cember selling In the latter market at
o.-'0. Kye dropped 3 cents at Chicago.
uwmg to the bad season there is fear
that Australia may have to Import wheat
in 1921. The wheat board recently asked
ureac on tain "to rorego the balance of
1.500,000 tons owing her, but she refused.
it is arm noped that Great Britain will
defer requiring the shipment of this wheat
- uuui ws visioie supply m Australia la
assured. West Australia already has i
luaeu io contnoute toward the British
. smpments and other states are being
urgeu to iaae tn same course.
weather conditions in the middle west
as wired from Chicago: "Central and
southern Illinois and eastern Missouri clear
and tine; .elsewhere general rains are re
ported ana somewhat cooler. Forecast
Grain belt, showers tonight and, cnnlor
1 Terminal receipts, in cars, were reported
by the Merchants Exchange as follows:
Wheat Barley Flour Oats Hay
Fruits and Vegetables, .
FRUITS Oranges, $4.508: lemons,
$5.50&6.25 per box; grapefruit, $3.503l
8.25 per box; bananas. 10(&llc per pound;
apples, $2.50$y4 per box; strawberries,
$4.25 per crate.
VEGETABLES Cabbage, 5',4c pound;
lettuce, $3.73fi;4 per CTate; cucumbers,
$1.252.75 per-doaen; carrots, $4 per
sack; celery, $1.602 per dozen; horse
radish, 25c per pound; garlic. 4050c
per crate; tomatoes, $.75 6 per box; arti
chokes, $1(1.25 per dozen: spinach, S9c
per pound; rhubarb, 34 i?4c per pound;
peas. ll12c per pound; asparagus,
$1.852 per dozen; cauliflower, $22.50
per crate.
POTATOES Oregons. $'ff8 per sack;
Yakimas, $8WS.50; new California, 12
p13c per pound; sweet, 12c per pound.
ONIONS YelJow Bermudas. $3.i5 per
crate; white, $4.50 per crate; Australian
brown, $7.50 per sack.
Staple Groceries.
'Local jobbing 'quotations:
SUGAR Sack basis: Cane granulated.
4',i:C per pound; extra C, 23.85c; golden
C, 23?c; yellow D, 23.6oc; cubes, in bar
rels. 25.10c.
NUTS Walnuts, 26(f38c: Brazil nuts.
3oc: filberts. .!5c;. almonds, 3&rfr3Sc
peanuts, 1616c; cocoanuts, $2 per
.dozen.
SALT Half ground. 100s, $11.25 per
ton;. 50s, $18.75 per ton; dairy, $27.75 per
ton.
RICE Blue Rose. 15e per pound.
BEANS Small white, 7c; large white.
7Xc; pink, 15e; lima. 13c per pound;
bayons, 11 Vic; Mexican reds. 10c per
pound.
COFFEE Roasted. In drums, 3950c;
per pound.
Hides and Pelts.
HIDES Salt hides, under 43 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
Dulls. 14c; green bulls, 12c; dry hides, 30c,
dry salt hides, 24c: dry calf under 7 lbs.,
55c; salt horse, large, $7; salt horse, me
dium. $6; salt horse, small, $5.
PELTS Dry pelts, fine long wool, 32.4c;
dry pelts, medium long wool, 30c; dry
pelts, coarse, loDg wool, 'yyc; saifc pelts,
long wool, April take-off, $3 to $4.
Last
Sales. High. Low. Sale.
3.600 9-j 4 94
1.50 40 40 40
l.SOO 133 131 132
1.100 !17'4; 95 90
4.S00 !5 94 94
1.600 60 tiOii 60
l.tMlO 131 12!)-, 131
l.'iOO H9U ssi 89H
1.6110 84 94 94
300 144 J5 134
2.20 .-,7 V. 56 57 U
1.5'HJ si) 73 Ti si,
3 6.6iil liis 162 166
55.4KI) 116? 113 114-ii
1.300 34 . 33 33
32,500 94 91H4 95 "4
5O0 117 117' 117
2,100 714. 69 70?4
200 51 51 31
!MM) 34 1 33 V. 33
;;i)0 80 79 '4 79
S.200 35 34 34
6(10 31 31 31
2IIO 35 35 35
25.5(10 96 94 Ji4
4.SII0 141 137 339
4.1IO.J 524 52 52
l.-.OO 64 64 4 03
91.0 12 t2 12
l.oOO 142 141 142
30,200 294 28 29
5110 73 73 73
2U0 36 33 35
J.0O0 52 .12 02
2.000 854 84 84
1,6110 19 19 19
3.0DO 72 69 71
2.5IM) IS 16 10
51.0 27. 27 27
27.IMI0 182 176 1S()
3llt) 22 . 22 22
2.2..0 44 43 '4 43
2.SO0 25 24 244
1,500 13 134 124
l.SOO 70 69 69
3,31.0 20 29 29
200 91 9 1 91
300 74 74 74
1.900 41 41 41
45.000 302 9stj iol
2,500 4I . 39 39
90O 31i, ;;o4 31 14
6..0 17 17 17
37.2..0 S 84 85
1S.200 9.1 3 93
30.6K0 3.1 34 'A 35 "A
S.I.OO 9.1 94 1)4
2.100 22 21 21
4.6O0 77 73 74
27.SI.O . 49 47 49
3.IHI0 65 611 63
3.100 317 117 117
C.200 72 70 . 70
4.O00 . 86 84 84
62.3 O0 95 94 94 i
600 107 107 107
600 6S . 68
500 85 84 84
400 484 48 48
13,500 39 17 18
3.0OO 40 40 404
24,000 1 21 118 119
259 barrels; shipments, 22 barrels: stock,
2001 barrels.
Rosin, firm: sales, 646 barrels: receipts,
496 barrels: shipments. 4 barrels; stock.
20,557 barrels. Quote: B, $14.60(1 15.25; D.
$17.60; E. $17.85 18.10; F. G. H, $18.20:
I. $1S.10 18.30: K. $18.40; M. $18.60'cJ
18.65; N, $18.8019; WG. $18.90 19.23;
WW, $18 19. 50.
Coffee) Futures Steady.
NEW TORK, May 11. The market for
coffee futures was easier today, under
realizing by recent buyers and selling by
brokers supposed to be operating for local
importers or Brazilian interests. The
slightly easier tone of the Rio market,
with the weakness of the stock market and
absence' of any Important spot demand,
were factors in the decline, and there was
some selling by houses with. European con
nections, which, also had a sentimental in
fluence. The opening was 7 to 9 points
lower, and active months sold 15 to 38
points below last night's closing figures,
with July touching 13.01c and December
34.51c Tho closo was at the lowest point
of tho day, showing net losses of 29 to 38
points. May, lL70c; July, 13.01c; Septem
ber, 14.61c; October, 14.57c; December and
January. 14.50c; March, 14.51c.
Spot coffee quiet and nominally un
changed at 15c to 15o for Rio 7'a and
23 c to 24 c for Santos 4s.
CORN GAINS WIPED OUT
REACTION OCCURS EARLY
CHICAGO MARK.ET.
IN
BOX DS.
U S .ib 3s.. .91.94IPan 3s con
do 1st 4s 85.801 Anglo-Fr os. . .
do 2d 4 S.l.lSlAm T&T cv 63
' do 1st 4s.. .sn.iiOIAtch gen 4b...
do 2d 4s. ..85.2)iL & R con 4s.
do 3d 4s. . .89.001 N Y Cen deb 6s
do 4th 4s. .8.I.6DIN0 Pac 4s
Victory 34s 95.9iNo Pac 5s
do 44s.. 96.02lPan T&T 5s.
U S 2s reg 101Perma con 4a
do 2s cou . . . 101 ISo Pac cv 5s..
do 4s reg. . .106 ISo Ry Cs
do cv 4s cou. 106 'Union Pac 43..
Pan 3s reg 80 IU S Steel 6s..
80
98
94
71
59
87
70
50
79
85
98
79
78
82
Railways Announce They Will Gire
Preference to Grain. Loading
Tor Next Ten Iays.
CHICAGO, May 11. Although ' as a re
sult of wet weather, corn advanced today
to the highest prices yet this season, the
gains did not hold well. Closing quota
tions were unsettled, varying from ,c net
decline to a ri.ie of Sc, with July $1.75
to $1.73 and September $1.62 to $1.62.
Oats lost tfiic to lc. In provisions the
outcome ranged from 5c off to 12c ad
vance. Fear that the rains prevailing would
prevent planting had an evident bullish
effect on the corn market at the opening,
but a reaction quickly followed owing to an
announcement that the Chicago, Milwau
kee & St. Paul railway would give pref
erence to grain loading during the next
ten days In arranging distribution of cars.
It was said also that another of the pig
westom roads would take similar action.
Reports that 500.000 bushels of Can
adian oats were afloat on the lakes for
Chicago counted as a bearish, factor in
tho oats market.
Provisions were governed mainly by the
action of corn. .
The Chicago market letter received yes
terday by Overbeck & Cooke company of
Portland said:
Corn The weather map shower unset
tled conditions which might delay field
work somewhat, but advices in general told
of concerted efforts to plant a large acre-
ee and in some sections or Illinois anu
ndiana planting has been completed. The
only change of Importance In the railroad
tuation was an order issued Dy tne fei.
Paul civinr grain preference for a period
of 10 days and other railroads are expected
to pursue a similar course. Cash prices
ere and elsewhere were quoted about un
hanged. Conceding that the known facts
surrounding the immediate supply and de
mand situation are bullish we doubt the
isdo. of buying corn at present prices
ith the possibility of unforeseen develop
ments occurring as they usually do when
ast expected.
Oats At no time during the entire ses-
on did the market possess more than in-
trrent strength and deferred months were
nder pressure from time to time. A fea-
ure of the over-night news was a report
hat 500,000 bushels Canadian oats were on
he lakes on tlielr way to Chicago. Weath-
continues favorable for the growing
rop and there is not much In the outlook
to promote aggressiveness ' on the con
structive side of the market from this
evel.
Provisions ruled easy, due to the decline
of 25 cents in bogs which brought out sell-
of contracts bought recently. Senti
ment locally favors lower prices, anticlpat-
ng a libaral June run of hogs.
Leading futures ranged as Tollows:
CORN.
Opn. High. Low. Close.
May $1.94 $1.!H $1.93 $1.95
uly 1.75 - 1.76 1.74 1.75
Sept 1.63 1.64 -1.61 1.62
OATS.
July 94 .94 .93 .93
ept 77 .TS .16 .71
May
uly
Mining Stocks at Boston.
BOSTON. May 11. Closing quotations:
Allnuez 32 iN'orth Butte... 19
Ariz Com 116 lOld Dom 28'4
Cal ; Ariz.... 61 Osceola 44
Cal & Hecla...320 iQuincv 55
Centennial .... 31 I Superior 5
Cop Re Con Co 40 I Sup & Bost Min' 4
E Butte Con... 13!Shannon 1
Franklin 2iutah Cons 7
Isle Roy Cop.. 30l Winona 75
Lake Copper... 3 (Wolverine 32
Mohawk 62 iGreen Cananea. 31
Portland
Tuesday .... 46
Tear ago 2
Sea'n to date. 80-55
Year ago. .... 7523
Tacoma
Monday 23
Year ago
Sea'n to date. 6733
Year ago 5305
Seattle
Monday .... 35
Year ago 3
Sea'n to date. 5977
Year ago $293
17
102
94
36
747
560
3
307 S
5
3
3104
1244
8
456
672
176
176
IS
643
559
2096
3080
826
1209
1
1178
2544
CROPS IN EUROPE PROGRESSING
Winter and Spring W heat Conditions in
France Are Favorable.
Crop prospects abroad are summarized
by Broomhall in his weekly cable as fol
lows: Utxted Kingdom Weather has Improved,
being now clear and mild and seedlngs of
new grain crops are making rapid head
way. However, there are some increasing
complaints of deterioration to winter wheat
plant, owing to excess moisture in some
sections.
France Sowings of the spring cronn
have been fairly active, although in some
parts delays have been occasioned by rains.
Both winter and spring wheat can be con
sidered as favorable and in some quarters
It Is believed the acreage will be larger
than anticipated. '
Germany Weather has been favorable
Provisions.
Local jobbing quotations:
HAMS All sizes, 3943c: skinned. 37
44c; picnic, 25c; cottage, 35c.
LARD Tierce basis, 24c; componnd. 25c
per pound.
DRY SALT Short, clear backs, 25 29c
per pound; plates, 23c.
BACON Fancy, 4555c; standard, 34
44c per pound.
Hops, Wool, Etc.
HOPS 1919 crop. $1 per pound: 1920
contracts, 75c; three-year contracts, 45c
average.
MOHAIR Long staple, new clip, 45c
per pound.
TALLOW No. 1, ll12o; No."2. 10c
per pound.
CASCARA BARK Per pound, old peel,
11 c; new peel. 10c per pound.
WOOL. Eastern Oregon, 40 60c; valley,
medium, 50c per pound.
GRAIN BAGS Car lots. 21c. coast.
Oils.
LINSEED OIL Raw, barrels, $1.98: raw,
drums, $2.03; raw, cases, $2.13; boiled, bar
rels, $2; boiled, drums, $2.0i; boiled, cases.
$2.15.
turpentine Tanks, $2.46; cases.
$2.61.
COAL OIL Iron barrels, 14V17c
cases, 27 34c.
GASOLINE Iron barrels, 27c; tank wag
ons. 2ic; cases, 39c.
FUEL OIL Bulk. $2.10 per barrel. .
Eastern Dallry Produce. "
NEW TORK. May 31. Butter, unsettled
creamery higher thrtn extras, 59460c
creamery extras. 5959c; firsts. 56fr
5Sc: packing stock current make No.
39Q4)e. ,
Eggs, irregular and unchanged. f
Cheese, firm and unchanged.
CHICAGO. May 11. Butter. lower;
creamery 4657c.
Eggs, lower; receipts. 43.5S4 canes: firsts,
41&42c; ordinary firsts. 3839c; at
mark, cases included. 39jj,41c.
Poultry, alive, higher; springs, 37c;
IOW1S, 3JC.
New York Sugar Market.
NEW YORK'. May 11. Raw sugar, firm.
Centrifugal. 19.56c; refined. firm and
higher; fine granulated. 19.3023c
Cotton Market.
NEW TORK, May 11. Spot cotton, quiet.
Middling, 41.15c.
Money, Exchange, Etc.
NEW YORK, May 11. Mercantile paper,
7 per cent.
Exchange, strong. Sterling. 60-day bills
$3.80; commercial 60-day bills on banks.
$o.80'; commercial. 60-day bills, $3.80;
demand, $3.84; cables, $3.85. Francs,
demand,. 15.17; cables, 15.15; Belgian
francs, demand, 34.47; cables. 14.45. Guild
ers, demand, 36; cables, 36 ; lire, de
mand, 19.32; rahjes. 39.10; marks, demand,
z.1).; canies, 2.03; drachmas, 8. us.
Sterling reacted sharply, on the late deal
ngs. Sixty-day bills, 13770 .,4 ;. commercial
60-day bills on banks, $3.79; commercial
60-day bills. $3.79: demand. $3.831:
canies, S3.4.
Government bonds, steady; railroad
bonds, easy. Time loans, strong, un
changed.
Call money, strong; high, 10 per cent:
low, 7- per cent; ruling rate, 7 per cent;
closing bid, 10 per cent; offered at 10 per
cent; last loan, lu per cent.
Bank acceptances, 6 per cent.
Bar silver. $1.03.
Mexican dollars, 78 c- .
LONDON, May 11. Bar silver, 60d per
ounce. Money 4 per cent. Discount
rates, short bills, 0 per cent: three
months bills, 6 11-I61&6. per cent.
Swift Co. Stocks:
Closing prices of Swift & Co. stocks at
Chicago were reported by Overbeck &
Cooke company of Portland as follows:
Swift & Co. . . .' 112
liudv, .Mc-cil e iinny. ...... ....... ''4
National Leather ......a 3 2
Swift International 36
SAN rKANCJSCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO. May 11. Butter Ex
tra grades, 55c; prime firsts, nominal.
c bcs r resn extras, lie; iirsts, noxnlnal
extra pullets, 4Uc; undersized, 35c.
Cheese, old, steady. California flats.
fancy, 27c; firsts, 23 c; Young America.
9 c.
Vegetables Beans,-, string, 1517c
wax, 11&I14C per pound; bell peppers, pe
pound. large, 1025c, small. 715c
squash, summer squash, per crate. $1.25
1.50; Italian squash. $ 1.50 1Q 1.75 ; tomatoes,
Mexican, fancy. $23 per 30-pound lug
southern, $1.75 2; potatoes, rivers, $6.50
,7.25 per cental; plow outs. $56; Netted
Gems. $7.50ii7.75: new potatoes. Garnets,
68c; white, 67c per pound; Tur-
lock sweets, 9&'llc; onions, brown. $6.50&
7 on street; Imperial Bermuda, 78c per
pound; crystal white, 7o9c per pound; cu
cumbers, hothouse, $4-per box; Garlic, 35
40c per pound; artichokes, $407 per
large crate; turnips, sz.2o2.o0; carrots,
3; beets. 12.25 & 2.7.1 per sack; lettuce, $1
1.50; asparagus. 69c; fancy graded
log&llc; green asparagus, 4q6c; green
onions, il.zotgil.au per box; celery, per
crate, yzt&v; eggplant, Los Angeles, 10v
uc per pouna.
, Fruit oranges, navel, $4.509v6.7). ac
cording to size; Valenclas, $4.505
lemons. $3.25 5: grapefruit, 12. 50 'ma. 50
lemonettes, $1.503: bananas. Central
American, bboc; Hawaiian, 1012c per
pound; pineapples, S4.oot5 per dozen:
pies, Newtown Pippins, 3-tier, $33.25
4-tler, :.j.ij; 4-tier. 2.502.75: rhu
barb, $l.&og l.uu: fancy mammoth. $2 per
box; straw hemes. Peninsula and Watson
ville. 70c'$l; loquats, 5&12c; avoca
does, per dozen. $510 for-large: apricots,
per crate, X2..K) (p. 3 ; cherries, per poun
3020c; per drawer, $1.752.25; raspber
ries. 1020c per crate; blackberries, $3.78
4.2a per crate; ligs. per crate, I ru.
Receipts Flour, 873. 660 quarters; whea
7200 centals; barley, 800 centals; oats, 800
centals; beans.- 642 sacks; corn, 87o0 cen
tals; onions. 1384 sacks; eggs, 90.870 doi
en: hides, 3920 rolls; oranges, 1500 boxes
livestock, 117 neaa.
37.30
LARD.
July 21.53 21.72 21.43
Sept 22.30 22.25
SHORT RIBS.
uly 19.10 19.25 19.30
Sept '. .. 20. 0j 19.92
Cash prices were:
. Wheat No. 2 red, $2.9u: No. 2
3.0.j; No. 2 northern spring. $3..;o.
Corn No. 3 mixed, $2.0iU2. 0b;
yellow, $2.09'2.10.
oats no. a wntte. fff i.xu;
white. $1.12 1. 14.
Rye-No. 2. $2.28 J!2.29.
Barley $1.65 w 188.
Timothy seed $10111.50.
Clover seed $25g35.
Pork Nominal.
Lard $20.87.
Ribs $17.75 18.75.
Naval Stores.
SAVANNAH, Ga.. May 11. Turnentln
(firm, 11.90 V ; .sales, 1675 barrels; receipts.
MESS PORK,
r'.so 37! 30 37
36.15
37.15
21.70
22.47
19.22
20.O0
! hard.
No. 2
No. 3
ft
AboT U
the "chop
(trmde-msu-k)
reciaterd
in China by
Asia Banking
Corporation
Financing Business
with the Far East
' I HIS American bank, through its
branches in the principal trade centers
of China, and at Manila, P. I,, is unusually
well fi tted to serve importers and exporters,
engaged in business with the Far East, in
every requirement of international banking.
The service rendered is direct', that is to
say, we, at every step, exercise close super
vision over all transactions, thus assuring
their accurate and prompt negotiation.
The personal character of the service is
another valuable factor, in that our repre
sentatives, both in this country and In the
Orient, occupy themselves with our cus
tomers transactions and inquiries in a spirit
of genuine interest.
We invite interviews or correspondence
with importers and exporters engaged in,
or about to enter, trade with-the Far East..
Branches in the Far East
SHANGHAI
HANKOW HONGKONG
PEKING CANTON
TIENTSIN CHANGSHA
MANILA. P. I.
Asia Banking Corporation
35 Broadway New York
Capital $4,000,000
Surplus $1,100,000
Represented by
First National Bank of Portland
I Iliilliliijiiiiiiiliiitiliiiiiliiiiiiiii.nU.i: J
1 r I- rvs e r, I. I
III.,..
.t..:il.ll,l,lilil.4JJUillli;Uiit
.75
Oregon and Washington
Municipals
Backed by the ever-increasing wealth of their respect
ive communities or districts.
No Income Tax to Pay
$50,500
ASTORIA, ORE.
6f Improvement Bonds
Dated Nor. 1, 1919
Due 1928 to 1939
Denomination $500
Price 100 to yield 6
$41,000
PRINEVILLE, Ore.
6T0 Warrant Funding
Bonds
Dated Apr. 1, 1920
Due 1932 to 1910
Denomination $1000
I Trice 100 to yield 6
$17,000
VANCOUVER, Wr
6T0 Special Assessmer '
Bonds
Dated. 3Iar. 8, 1920
Due 1921 to 1929
Denom. $20, SJ&t)
Price 99.40 to yich"
6.15
LIBERTY and VICTORY BONDS
If you must nfll ynnr IJWrrty or Victory bond, sell to u.
If you i-an buy morn Liberty or Victory bonds, buy from us.
On Tuesday. May XI. 19Jt. th? cioainsr New York market prices were as rlren
below. They are tho overruns prices for Liberty and Victory bonds all over the
worid, and the highest. We advertise these prices daily in order that ou may
always know the New York market and the exact value of your Llbertv and Victory
Bonds, 1st 1st d lt 2d .3d 4th V lctor y
3Vjs 4s 4s 4 Vis 44 4 'in 4 M s S; 4i&
Market JS.VUO SSo '20 $Nti.- IU $Sj5.tiO JlCi.O $96.00
Interest... 1.4H l.t3 1.07 1.74 2(9 .7 .32 1.5.1 1.94
Tntol tUt ! ti7 'II t: 1
When buying w deduct 37c on a 50 bond and $2.50 on a $10
sell at the New York market, plus the accrued interest.
Burrlar and Firroroof iafe lepoit lioxes for Rent
OtiPn I" It til Jt 1 M nn Sal HrHava
$50 bond and 32.50 on a S1000 bond. We
15,733.000 bushels (based on the estimated
acreage) against 19,SOO,000 bushels last
year. The poor condition of the crop Is
due to several factors. A dry fall resulted
In late seeding and most of the wheat had
made but little growth when winter com
menced. With little or no snow-covering
In many localities, much wheat was
frozen. Strong winds did a great deal of
damage in the Big Bend section, while In
eastern Washington the wheat fields suf
fered from considerable erosion, especially
on the steeper hill slopes
The condition of rye In Washington May
1 was 00 per cent of normal. Indicating a
yield of 15.3 bushels per acre. This yield
on the 20.OOO acres now estimated means
306, OOO bushels for -the state.
Retarded by cold and backward weather
early In the spring, the condition of hay
In the stata May 1 was but SO per cent of
normal. The expected hayaverage Is 828.
(MK acres (7B4.0O0 tame and 34,000 wild).
The 102O production of tamo hay Is placed
at 1,697,000 tons. Reports Indicate 116,800
tons of hay (6 per cent of last year's crop)
remaining on farms May 1. Vhe cold, late
epring has greatly retarded the growth of
grass In practically an parts or tne state
and the average condition of pastures was
but 70 per cent of normal, againht 97 per
cent May 1 1P19, and 92 per cent May 1,
1918.
Delayed by cold, rainy weather in many
parts of the state, farm work is from two
to three weeks late. On May 1 but 70 per
FLOUR AGAIN ADVANCKS IN FAST
Mill Feed Is Also Selling nt Kilreme Frices,
Hut 3ly Decline,
MINNKAPOL1S, May 1 1. (Special.)
The Northwestern Mjllcr s weekly review
of the flour trade says:
"With wheat prices for best grades rang-
ng from to $3.50. flour prices have gone
steadily upward, spring patents now av
eraglng close to $lti per barrel; hard win
ters. Slu, and soft winters, $14. Inaulry
Is active but actual buying is In relatively
small lots. Many mills have refused to
quote on account of inability to secure suf
ficient wheat. Patent fiour prices are
still about $1.50 less than three years ago.
reed prices have reached a new high point
with bran averaging close to $(50 per ton,
but a decline Is generally expected.
jne iiour output, though . greatly cur
tailed by the car shortage. Is showing
gradual improvement, the spring wheat
mills last week reporting an output re pre
sen ting t2 per cent of capacity the Kan
sai-Oklahoma hard winter wheat mills 0-4
per .cent, and the Ohio valley soft winter
wheat mills 4 per cent.
it is generally oelieved that the com
mittee appointed last Friday at the Chi
cago conference will be able soon to dispel
mucn ox tne uncertainty which just now
is disturbing the trade."
cent of the plowing for spring seeding and
planting had been done and. but 75 per
cent of the seeding completed.
Metal Market.
NEW YORK, May II. Copper, quiet,
unchanged.
Iron, firmer; No. 2 southern, $43 44.
Antimony. $10.
Tin, steady. Spot, CKi.50c; June-July,
55.1! 5c.
Lead, steady. Spot and May offered at
9c; J une-July. 8.0Oc bid.
Zinc, quiet; Kast St. I-ouls delivery,
spot. 7.77 H c bid ; 7.93c asked.
, Dried tFrnlt at w York.
NEW YORK, May 11. Kvaporated-
pies, dull. Prunes, firm. Peaches,
ap-
firmer.
$1700 Raised for French Children.
TACOMA. XV'ash., May 11. Sp-
r
I CPtT,
OncMiluon
Lj DO. LARS
Morris Brqthfrs mc
7fie ePremiercMunrcipafJond71ous&
Morris Bid..
309-11 stark St.. Hct. Klftta and SUth
Telephone Uruvdway 2151
ESTABU&MCC
OvckQuaxtc.
CtNTUV
cial.) More than $1700 was raised in
Tacoma for the relief of child suf
ferers of the devastated regrion of
France through the sale Saturday of
red poppies. Eighty young women
and girls sold the poppies on down
town corners and at the ball park.
ReaU The OreRoniaJi classified ads.
Toledo Dairy Farm Clianges Ilantl.-
TOLEDO. Or.. May 10. (Special.)
The M. M. Davis dairy farm of 71.
acres, largely reclaimed tideland, wa
recently cold to W. It. and H.
Stokes of Portland. Or. Tho cor
sideration was about $40,000. Tl
farm will be operated by the Stoke
brothers as a modern dairy.
Manager-Assistant
An experienced executive desires
position with responsible Portland
firm who require the services of a
man of high caliber. thoroughly
versed In business economics and the
fundamentals of production, market
ing, finance and accounting.
Compensation to be commensurate
with responsibility and opportunity.
For appointment phone Tabor 1353.
a L
$2,624,295
is the value of lands which directly secure the
6 Serial Gold Bonds
of the
Columbia Irrigation Dist.
of Benton County, Washington
District embraces 11,500 acres, 7500 of
which are under irrigation and in im
proved farms; also includes city of Ken
newick. Bonds dated Jan. 1, 1919, due
1932-39.
PRICE TO YIELD 6.25
Income lax Exempt
' - : T r
Alinneapolta Grain Market.
MllOilSAFOUS. May 11. Barley.
tfl.TU.
Flax, Ha. 1, f4.744.78.
11.47
Carain at San Ir'nuiciaco.
SAJf FRANCIcSCO. May 11. Grain
Wheat. tS.&l 2-3 per cental; oats. red.
13.35&.U.4U; barley, feed. ?.40a.&u: corn.
California .yellow, f3.t0 4j'3.7l; rye. nom
inal.
iiay fancy wheat hay. light, five-wire
baled. $3&&41 per ton; No. 1 wheat or
wheat and oat hay, $3363S; No. 2, fltfa
35; choice tame oat hay, $37o40; other
tame oat hay, $33lg37; bariey hay, nom
inal; alfalta hay, S&2&37; stock hay,
3; Oregon wheat and oat mixed, $:Wp32;
No. 1 barley straw, 7uc4&$l per bala.
Seattle Feed and Hay. .
SEATTLE, Wash.. May 11., City deliv
ery: Mill feed. $50 per ton; scratch feed.
$bS; feed wheat, $t7; all grain chop, 78;
oats, $76; sproutine; oats, $SO; rolled oats,
978; whole corn, $51; cracked corn, fb3;
rolled barley, $76; clipped barley. $81.
Hay, Eastern Washington timothy,
mixed, $45 per ton; double compressed,
$5U; alfalfa, $43; straw, $18; Puget sound,
$38.
Duluth Unseed Market.
DULUXH, May 11. Unseed.
4.7'J.
$4
WASHTSCTOS CROP PROSPECTS LIGHT
Winter Wheat lleld Estimated at
15,133,000 Bushel
On May 1 the area of winter wheat to
be harvested in Washington was estimated
to be 735,200 acres or 1R3.800 acres Jess
than Bown last fall. The abandonment
this year is 20 per cent of the sowing as
compared with 8 per cent In 1910, 5 per
cent in 1918 and 38 per cent In 1917. This
.vear's acreage la 284.800 acres less than
the 990.000 harvested last year.
The average condition of winter wheat
In the state May 1 was TS per cent, eora
pared with T8 per cent April 1. 1920, 99
per cent on May 1, 1919, 90 per cent en
May 1, 1918, and 93 per cent, the average
May 1 condition for the past ten years.
This condition Indicates a yield ef 1.4
bushel" Pr cr na total production el
are advertised by the service they give
You saw the roof on this pier advertised in The
Saturday Evening Post last week.
That is a reminder that Carey Roofings are
advertised in magazines that circulate every
' where .because dealers everywhere sell them and
builders in all parts of the country use them on
" . . . all sorts of structures.
The makers in their "Post" advertisement
point to a particular roof which any visitor td a
city which nearly everybody visits can see for
himself. .
We as, distributors in this community of Carey
Roofings are anxious in the same way to show
you Carey roofed buildings in this community.
Headquarters for the building and insulating
products of
ASPHALT jCL, 'g'gr.g'yg MAGNESIA
A KooJ or Every Building -
PACIFIC ASBESTOS &
SUPPLY COMPANY
DISTRIBUTORS
67 and 69 First Street, PORTLAND, ORE.
Uiudor- SnpervlSlorL. OTOgon Slaia tVwHtn DqurlmortL.
BONDS TRUSTS -ACCEPTANCES
Lumbermens Bldg
t. w
Co.
Three Well Secured Investments
Province of Alberta
Price S8.03 to yield 7.50
This is a three-year, 6 Gold Bond, due May 1, 1923, payable in
the United States, and is a General Obligation of its Province.
Province of Saskatchewan
Price 94.90 to yield 7.50
- This is a four-year 6 Gold Eo$d due 1924, payable in the United
the United States, and is a General Obligation of the Province.
Pacific Gas and Electric Company
. Price 97 to yield 7.70
This is a five-year Vyc Convertible Gold Note and is-secured by
Pacific Gas and Electric Company General and Refunding hc'0 Bonds
due 1942, listed on the New York Stock Exchange. These five-year
Notes will be made legal for Savings Banks in California.
The Pacific Gas and Electric Company is the third largest com
pany of its kind in the United States, distributing gas and electricity
to 68?o of the population of California.
Blyth, Witter.-& Co.
UNITED STATES G0VER,T"1IOT MUNICIPAL AHD CORPORAJK)5 0NDS
YEOX BUILDING PORTLAND, OREGON
X - Telephone: Main 3304
San Francisco Seattle New York Los Angeles