TULEaiOUMXtt OUE(iOMA THURSDAY,. MAY 13. 1020
21
iF MOTOR SHARES ARE WEAK
signs of slowing; down
demand ax, factories.
IX
Oils, Marines and Sugars Remain
Firm Monetary Conditions
Regarded as ound.
" NEW YORK, Hay 12. Unfavorable in-
" dastria.1 conditions superseded the credit
situation as a factor of primary import
1 anco in today's !ls",iess and lower stgck
market, provumng additional liquidation
for both accounts.
Reports from leading centers of the
automobile industry conveyed abroad in
timations of a let-down of activity, due
I in part to the fuilure of the steel mills
to provide finished materials and ' in
lesser decree to a reduction' of demand.
. The money situation also figured in
the trade reaction, banks of the middle
west exercising closer scrutiny of loans
to automobilo manufacturers, according
. to word received by local financial ln
- tereats.
Conditions in the steel and Iron trade
offered little ground for encouragement.
as indicated by the weekly reviews- of the
i- Iron Hizo and other authorities.
ft Virtually no time money was offered
' here and call loans rose from 8 to 10 per
cent, again yielding slightly at tne close
mf' of the session. L.ocal monetary condi
"tfons are regarded as sound, however,
- with additional reduction of brokers bor-
rowings.
The stork market traversed ihe ground
madn fHiniltar by recent session, oils,
sugars and, occasionally shippings con-
tributing to the constructive side, while
motors steels, equipments, leathers and
textiles featured the heavy to weak
issues. Losses- of ne to six points pre-
, , vailed at the dull finish. Sales amountedJ
to i.t't.uuu snares.
Trading in bonds was again devoid of
' 1 ' especial feature. aside from moderate
-- strength shown by foreigi) Jsbucs: The
liberty division was irregular. Total sales
(par value) aggregated $0,275,000.-.. Old
United States 4s lost H per cent on call
and Panama iis dropped two points.
CLOSING iTOCK QUOTATIONS.
crate. $2S; eggplant. Los Angeles, S9
10c per pound.
Fruit Oranges, navel. $4.50.7S. ac
cording to size; Valenclas, tl.50(g!5.50:
lemons. $3.25fr5; grapefruit, Jlf.oOSsiy.oO;
iemonettes, 91.503; bananas. Central
American, 8&9c; Hawaiian, 1012c per
pound; pineapples, $t.504p5 per doxen: ap
ples. Newtown Pippins. 3Vt-tier. 3'a3.'JZ;
4-tior, J2.75&3: 4V4-tier, 2.30 (6 11.75: rhu
barb, $1.60U 1.85; fancy mammoth, $2 per
box; strawberries. Peninsula and VVlaon
ville, ti0c&$l; loquats. 5l-ljc; avoca
does, per dozen, $5 8 for large; apricots,
per crate, $2.aO&3; cherries, per pound,
1017V4c; per drawer, $1.75&2.25; raspber
ries, 10S1.20O per crate; blackberries, $3.75
(4.25 per crate; figs, per crate, $3.
Receipts Flour, 500S .quarters; wheat,
SOO centals; barley. 12 centals; beans.
1050 sacks: corn, S00 centals; onions, 97S
sacks; potatoes, 232 sacks: hay. 70 tons;
eggs, 117,480 dozen: hdes, 101 rolls;
oranges, 500 boxes; livestock, 100 head:
Eastern Dairy Produce j .
NKW YOKK. May 12. Butter, steady;
creamery, . extras, 5J9 li 59 & ; others un
changed. .
Kggs Irregular; firsts, 46 ',4 48c; others
unchanged.
Cheese Firm, unchanged.
Am Beet Stiff.
A m Can
Am Car & Fdv
Am II & L. pfd
A rn l.oco ....
Am Sm & RTg
Am Sugar Rtg
Am Sum Tob..
Atnc Tel A.- Tel
Am 'A I, Ac Sm
Anaconda Cop
Atchison
A U & W 1 S S
Pales.
1.200
2.1KI0
SOU
3.0IHI
4.2O0
1.5(10
Sipo
:km)
I.imio
300
3.400
1.400
:;oo
.Baldwin l.oco 40, 200
Bait & Ohio.
Beth Steel 8 .
K & S Copt.er
Canadian I'ac
Central l.ealh
Cites A Ohio. .
Chi M St P
Chi & N VV . . .
Chi It I & Pac
Chlno Copper.
Corn Products.
Crucible Steel
Cuba Can Sug
U SyFood Prod
Kric
lien Klectric.
.(.Jen Motors. . .
lit North pfd
Ut N Ure ctfs.
. Ill Central ....
Inspir Copper.
Int .VJer M pfd
Int Nickel .
. Int Paper ....
Kan City So..
" Kennecott Cop
Louis & Nash
Mex Petrol. . .
Mldyate Steel.
f Miss Pacific. ..
I Nev Copper. ..
, N Y Central. .
N Y N H & H
Northern Pac.
Pacific Mail..
P-Am Petrol..
Pennsylvania.
Pitts & W Va
Pitts Coal ....
Ray Con Cop
Reading ....
Rep Iron & S
S Con O & Rf
.So Pacific
So Railway. . .
. . Stud Corp. . . .
rexas Co
1,200
14,3o
100
1.000
5,0(H
4"o
hoo
000
e.Hoo
800
15.000
0.300
2.1100
1.20O
2.7O0
500
38.100
S00
1.5(10
200
2.50i
.1.300
4.00(1
3,7O0
l,!MHI
1.0(H)
300
22, moo
3.200
1.000
300
3.700
4(H)
1.O00
100
72.00O
KOO
1.2O0
200
3(H)
15.2IIO
IO.SHO
8,2(10
K.OOO
2,100
38,400
10.200
Last
High.-;f-Low. Saie.
1)5 93 ,04
40'.i 3W5 3!) "4
131 130 ',4 130'
!'.'.4 S3 3'i
03 02 2'
00 s i& 3 i
130 '2 130Vj 130V4
8'JW 89 80
114 V, 1)4 !)4 Vi
15-T 15 15
57 56 36', 4
80 7!) 7!)
108V4 l2'4 '164 V
HO . 1137, 115
33 V 33 33
U2 HI Vi 01 VS
22 V4" 22 4 22 '4
1174 11:, HOT,
70 W OS1 till
f.1- 51 '4 51 Si
.14 ' 33 33 5
70 70 70
3 4'- '33 '4 33 i
31' 314 31.
1)5 V, 92 V 92 '4
I'll 13(i, -13i
53 Vi 5I4 51 V4
3', 02 V4 -"4
12Vj 11V4 12 V4
141V, 140 1404
'"'. 27 27 "4
71Vj 73 73
35 . 34 T4 34 T
86 ' 86
52 i 51i 51
84 V 83 83
181, 11) i)V4
7 1 Vj 70 i 70 '.4
1 1 5 54 1 6
27 27 V, 27 V4
101 H -lol 101 '.i
184 J78V4 181
43 43 43
24?, 24V4 24 i
12V4 12 12
.0H 68 Ii8-Vs
29 Vi - 28 Vi 2SU
74 73 V4 73fc
33 (A 33 V... 33 4
104 Vi . 101 103 Vt
40 ' .39 31)
30 29 29
57 57 57
17 . 17 Vi 17
91 92 Vi " 92
94 92 V, 92 V4
35 34 34
95 94 94
2 21 21
74 ' 70V4 71V
49 48 48
63 Vz 63 63 Vi
117 116 11(1
70 , 69 i 69 V4
85 - 83 83
94 93 Vt 93
68 67 V 67
48 Vi- 48', 48
!$ 17 1754
78 78 78
10 '4 40 '4 40
11DV4 117 118
.CHICAGO. May 12 Butter, lower;
creamery, 4456',4c.
F.ggs Lower; receipts, 22,507 cases;
firsts, 40V441c; ordinary firsts, 3r38c;
at mark, cases included, 38(640c. .
Poultry Alive, unchanged.
Rally In Coffee Market.
NEW YORK. May 12. The market for
coffee futuses was irregular today. After
opening 1 point higher to 11 points lower,
with most of tlte active months selling
some 2 to 10 point below last night's
cioslng figures, prices rallied on covering.
Closing bids: May 14.65c. July 14.08c,
September 14.00c, October 14. 5bc,.-December.
January and Match 14.50c.
Spot coffee, quiet; .Rio 7s, 15V4 &15c;
Santos 4s, 23 24 V4 c.
EUROPE BIDS FOR WHEAT
HltiH OFFERS. STIFFKX COllX
MAEh:T AT CHICAGO.
i -
Tob Products. !,100
Union Paci i ic. . 2.700
Utd Rt Store 7.000
U S JndAlco 10,600
U S Steel. . . .
Utah Coppt-r.. 1.H00
West Klectric. 300
Willys-Ovid ... 6,00
Nationa.1 Ld ... ...
Ohio Cts .ia.s. 3.0O0
V R TJb 31h. . -!1.0j Panama 3s cou
do 1st 4s.... 8-"i.70 AnIo French 5s NS'i
do d 4s.... h.".Uit Am T & T cv 6s. 04
do 1st 4l4.. 87.Ni Atchen cen 4s...71i
do 2d 4s.. 85.20ID i R U con 4s..rf34
do 3d 4Vi.. M.l8iN Y deb 6s. ..871
do 4th 4Vs. Rr.54N P 4n .V' it.
(.Victory 3s... fl.00iT P 3s 50
ao iM.04iPao T & T 5H...7iV-
XT S 2s rep. . . . 101 Pnnna con 4 ',-s. S4 V-
do coupon.. . M01 :S P cv 5s." 8
U S 4s ros....H So Ry 5s 7t A
U S cv 4s cou.10l U P 4s 76
Ian am a 3s reg.'.S J U S Steel 5s
Mining Stocks at Boston,
BOSTON, May 12. Closing quotations:
-llouoz 30
AriTL Com It
Calu. Jt Ariz.
C'alu. &. Tleela.
" 'cntennial . . ,
Cop. Range . . .
. K. Butte
Krankiiii
" Isle Kovalle. .
T.ako Copper. .
Mohawk Go
North Butte. . .
Old Dominion..
Ktj it kscola
3-U Quincy
11 Muperior
3V . iHup. & Boston.
J 3 Shannon
- 1 Utah Consol . . .
2i iWinona ...
3', I Wolverine . . . .
02
11
Rains Also Aid in Putting l'riccs
at Highest Mark of Seaion.
Oals Are Weak.
CHICAGO. Jlar 12. New high, record
prices or the season resulted in the corn
market today chieflv from wet weather
and from urgent buying of wheat to ehip
to Europe. The finish in corn was un
settled at lc to 2c .net sain, with
July $1.7714 to f 1.77 and September
11.64 to f 1.64. . Oats lost 9c to C.
Provisions' closed 10c to 25c up.
Bullish traders In corn worked on the
assumption that h,eavy rains which fell
mrougnout much of lowa and Illinois
would mean serious delay to plowing and
planting. Meanwhile, t he fact that ex
porters of wheat were blddinK the ton
most figures of the year added to bullish
sentiment regarding, corn. The majority
ot dealers, , moreover,, appeared to be
lieve tnat although the railroads wer
trying to furnish mora cars the scarcity
of railway equipment was against any
big rush of grain to terminal markets.
Oats vere weakened by Canadian, com
petition and by talk that the cold, wet
weather favored the growth of oats.
Provisions ascended with corn and hogs.
As in com. commission houses became
active buyers. .Besides, an improvement
was reported in cash demand for meats
and lard. J -
The Chicago market letter received yes
terday by Ovrbeck & Cooke company of
Portland said:
Corn Selling pressure was lacking until
about midday, when the bulges began at
tracting profit taking by-longs in sufficient
volume to check the advance. The news
was mixed, but the factor which stood out
as the dominant influence, was the' con
tinued strength in the spot market. No. 2
yellow establishing a new high price at
$2.13. Shipping sale of r.OOO bushels were
reported, while on the other hand the st
canceled 23,000 bushels - bought previously.
The raiiroad situation was improved here
with the- leading railroads removing re
strictions previously imposed because of
switching, conditions. ' There is little dis
position' locally to press the selling side
of futures until there is some concrete
indication of relief in the way of a better
movement, notwithstanding that' advices
from the country are suggestive of a de
sire on the part of holders to dispose of
their surplus.
The favoraole c row outlook Is also
factor to be given consideration, as it will
"have much to do with governing the atti
tude of the fatmer regarding marketing
what is left of the old crop.
Oats Futures were under pressure
throughout the session and at no time
was there any independent strength ap
. patent. There was an- influential class of
selling from time to time, but enthusiasm
the short side was restrained by the
rmness in corn.- Premiums were reaucea
In the- spot market, due to an apathetic
emand and further liberal cancellations
by the cast. The weekly government
eat her and crop reports say tne condi
tion of the crop is very good in practically
II sections. Jt is to be expected tlrtit this
arket will continue to display independent
cakness as long as the crop outlook re
mains as at present.
Leading futures ranged as follows:
CORX.
Open. High. Tow. Close.
May $1.05 $1.07 $1.!5 $1.!7
uly .-. i . j. ; V J. Vt- l. ! l. t
Sept 1.C2 1.65 1.62 1.64
uly. .
Sept. .
Money Kxclmnge, Etc.
NEW YORK, May 12. Mercantile pa-
per, 7 per certt.
Kxchanse irregular: sterling fiO-day bills,
$3.78T; commerciil 60-day bills on banks.
-.$;.7ST4; commercial GO-day bills, $3.78;
demand. $3.83; cables, $3.S3";. Francs,
demand 15.12. cables 15.10; Belgian francs,
demand 14.22, cables 14.20? guilders, de-
mana 0. cables r6Vj; lire, demand
js.vi. caoies vj.Mo; marks, demand 2.00,
cables 2.01 ; drachmas, 8.58.
atoning strengthened slightlv in late
dealings. Demand 3.&:5Vj, cables $3S44.
wvernmsni oonu.i, easy; railroad bonds,
, - asy
Time loans, strong, unchanged.
Call money, easy. High. JO per cent;
-low, r per cenx: ruling rate. 8 nor mnr
, . closing bid. 10 per cent; offered at 10 per
v i , nisi i van, i j ptr cent.
Bank acoeptances, 6 per cent.
' Bar frilvt-r. $ 1 . 02.
Mexican dollars, 7Sc.
J-OXDOV, May 12. Bar silver, 50 d per
v u u -. .imiivy, pt cent.
, ,c Discount rates Short bills, fisj per cent
mree niomns dims. i il-lofgG per cent.
Corn Is Advancing in England.
Regarding the corn situation in th
United Kingdom, Broomhall cabled:
"Argentine shippers have again advanced
their prices and the parcel market in the
r United Kingdom rules very firm, with only
i umiieu (Juan ii Lies ot corn put forward,
' . Values In Argentina continue to advance
, , due to active foreign buying by both
- United Kingdom and Continental inter
ests. Demand from feeders cannot be said
1 ""yto be urgent. The oats market has rirmoH
J considerably in the United Kingdom with
, an improved demand in evidence. Argen
tine shippers offer-only meager supplies at
J Swift & Co. Stocks.
"Closing prices of Swift & Co. stocks at
j enicago were reporiea oy Overbeck
Cooke company of Portland as follows
swirt & t:o ma;
TJbby, McNeil & Libbr
National Ueather . ...... 11 7t
Swift International . 35.
H SAX FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Vay City.
- . SAX FRANCISCO, May 12. Butter Ex
' tra graaes, i-c; prime rirsts- nominal..
Eggs Fresh extras. 464sc; firsts, nom
inal; extra pullets, 40c; undersized. 35c
Cheese, old, steady. California flats.
fancy, 27ci firsts, 2Zc; Young America,
- Vt c.
Vegetables Beans. string. 15(3) 17 lie
M , wax, 10121Lc per pound; bell peppers, per
pouna, large, uie'oc, smau, 7Q3loc
1 , snuash, summer equash. per crate. $1.253
j - 1.50; Italian snuash. SI. 500) 1.75; tomatoes,
4 Mexican, fancy. 52 3 per. 30-pound lug
southern, $1.7592; potatoes, rivers. $6,500
- 7.25 per cental; plow outs, $56; Netted
Gems, i .iv cn . i o : new potatoes. Garnets,
V 68c: white. eT'c per pound: Tur
r '.. lock sweets, 9 Jlc: onions, brown, $77.5
on street; Imperial Bermuda, $2.5'W2.75
per crate: crystal wblte, 4 fa Be per pound
cucumbers, hothouse, $4 per box; Garlic. 35
ftr40c per pouna ; artichokes, S4 ff 7 per
Inrge crate; turnips, 5.ua!2.a0; carrot
, $3; beets," $2.25W2.75 per sack; lettuce. $1
. rl.50; asparagus, 6'8c; fancy graded,
j4b. lUllc; aNparsgus, t iq- oc; gree
oniona. $1.-0 1.00 pur box; ctuery, per
.Jns
.775.
OATS.
-7SV
76-4
MESS PORK."
May. .
uly. .
uly.
Sept.
21.70
LARD.
- 2U.05
21.70
22.47
uly .
bepi .
22.82
SHORT RIBS.
10.20 19.42 v 10.20
7tt
56.40
37.40
21.93
22.72
19.35
20.10
, $3,000,000
Carnation Milk Products Company
Five-Year Sinking Fund 7 Convertible Gold Notes
Dated May 1 . 1 920.
Due May 1. 1925.
Interest payable May 1st and November 1st. Principal and interest payable in Chicago, New York.
. San Francisco and Seattle.
a." Coupon 'Notes $500-$ 1000 registerable as to principal only.
Callable at par on any interest-payment dale on thirty -days' notice.
Interest Payable Without Deduction for Normal Federal Income Tax Not in Excess of 2
c- Convertible after November 1, 1921, into 1 Preferred Stock at 95.
liliiiiii;iiiiiiiiiitiiiii!i!iMi:iii::;
Continental & Commercial Trust & Savings Bank, Chicago, Trustee.
Carnation Milk Products , Company is one of the largest companies in the United States engaged in
the manufacture of evaporated milk.
The business was established in 1889 and has had a steady and consistent growth. Gross sales
have increased from $7,906,820 in 1914 to $36,794,687 in 1919.
Total assets, after deducting all indebtedness, except this Note issue, are over $13,600,000, or more
than four times the amount of the issue. Net Working Capital is $7,508,192, or over two and one-half
times this Note issue. '
For the past ten years, average net earnings of the Company after interest, all taxes and depre
ciation, have been $1,022,459, or in excess of four and one-half times interest charges on this note
issue. . For the past five year average net earnings have been $1,550,073, or more than seven times
such interest charges.
The Company agrees not to mortgage its present fixed property, and at all times to maintain net
quick assets, equal to at least 150 of the amount of this note issue and all current indebtedness.
Annual sinking fund is provided for the retirement of notes equal to 15 of the net earnings
available for common stock dividends.
Notes will be convertible at the option of the holder after November 1, 1921, and until ten days
prior to maturity or redemption into 7 Cumulative Sinking Fund Preferred Stock on the basis of
100 for the Notes and 95 for the Stock.
t '
.The Company is incorporated under the laws of the State of Maine, but will be succeeded by a
Delaware corporation, which will execute the definitive Notes convertible into the Preferred Stock of
such corporation.
The Company is under the same management that has been responsible for its success since its
inception. m
All legal matters will be approved by Messrs. Mayer, Mayer, Austrian and Piatt, Chicago. Balance sheet and earnings
statements certified by Price, - Waterhouse and Company. Temporary negotiable receipts will be delivered exchangeable for
definitive notes when, as and if issued and received by us.
PRICE 962 AND INTEREST TO YIELD ABOUT 7.85
r,r.!-:-'-:--'-.-.,
.i,;;.:ii..!i.i;i'!uUlili!:uli!l
EXESIPT PllO.M ALL. I30MINION- GOVERKMEXT TAXATIOX.
Canadian Provineia
and City Bonds
To Yield S712
Greater Winnipeg
Water District 5
and 6 Gold Bonds
Edmonton
Gold Bonds
BLYTH, WITTER & CO.
'Yeon Building. Portland.
CYRUS PEIRCE '& CO.
Hoge Building, Seattle.
CONTINENTAL AND COMMERCIAL TRUST AND SAVINGS BANK
Chicago.
The above notes are offered if, as and when issued and received by us.
The above eLatemenls and etatlmlcn are derived from official sources, or are those which we
regard an reliable, or are carefully estimated. We do not guarantee but believe them to be correct.
A mount
Ir1ce IKt.BO-tt3.s3
to yield TVsc. ,
Manitoba
Province
5 Gold Bonds
Amount 1 T9,000.
Dated April 15. 1I20.
Dor April 15, 1!:c.
I r nomination VIOOO.
Hrlce a.a to yield 7',i"i.
Principal and Semi-Annoal lnirrt-M Pnnhle In T. S. tiold Coin in New Torte
or at Morria llrotbera, lnv.
TELEPHONE OR TKI.KfiRAPII ORDERS AT OTR EXPENSE.
Amunnt S6I.OOO.
ltntrri Oct. 1. 1!M!.
Iuc (let. 1. Ul-'!.
Denomination iKIOOO.
Price to yield TriTi.
Alberta
Province
6 Gold Bonds
Amount 51 IT..OOO.
Dated May I.
Due Mny 1. lftl.
Denomination 1000.
Price Uti.Oa to yield 7Ji.
LIBERTY and VICTORY BONDS
If yon mu At sHI mar l.lbrtT or Viclory bonds, nell to n.
f ou ran buy ninrr lUertv or Vir(or Imnili. buy from ui.
On Wednesday. May V2. 100. ttip clninjr New York, market irires were lis rtTn
below. Tliey are the tovernln prices for Liberty and Victory bonds all over the
world, and the highest. We advertise these prices daily in order that you may
always know the New York market and the exact value of your Liberty and Victory
Bonds. 1st 1st I'd lt 2d 3d -4th V ictor v
w , Ss 4s 4 4Vla 4U 4 4;i R-i 4-i
Market.... JOl.Pft JSj.fiO $Sr O? $S 70 $S.".1J JS8.!t S5."0 $D,".fH tP.04
Interest 1.44 1.64 1.18 1.75 2. 10 .HH .3S l.M 1.95
Total. $f3.84 $S7.C4 $7 04 J8S.45 $87.J2 $S9.H2 JR5.S3 .07..12 $97.
When buyinjr we deduct 37o on a o0 bond and on a 51000 bond, Wo
eell at tho New YosJc market. Plus the accrued intfret.
Iurclar and Kirenroof 8af lepoit Hoim for Kent
- Open I mil S P. M. on Saturdays '
Cadctal
I OmcMiluOm
Morris Brothers hs
ie rPreTnier-Mumcipal ' SondHouse
Morria Bide. 309-11 Stark St.. Hrt. I if 111 and Sixth
Telephone Braadwu Slil
I
I
tSTABLrtntO I
OvtR QuARTTt j
11 1 1 1 1 ii ii ii 1 1 1 1 1 1 1 ii 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 r i u 1 1 1 1 1 1 1 1 1 1 r 1 1 1 1 r i r 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ii 1 1
1EXPORTE
TAKE NOTICE
WE OFFER FOR SALE:
700 tons new mild Steel Bars, in. thick, 3 in. wide, oval edge,
:E 14 ft. 5 in. in length;
3000 tons 56s and 60s Relaying Rails, for quick shipment;
500 tons Boiler and Tank Plates, cut in sheets;
500 tons used old Wire Rope;
200 tons Track Bolts and Spikes.
Other miscellaneous waste and used material packed for export
shipment.
If in the market for ANYTHING in the line of waste, salvage or
second-hand usable material communicate with
Sonken - Galamba Iron & Metal Co.
ARMOUR STATION. KANSAS CITY, MO.
Largest Dealers in Waste Materials in the Middle West
Tiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiriiiiiiiiiiir;
20.17 18.K7
"hH price -were: ..
Wheat No. - northern sprinpr. $3.35.
Corn No. 2 mixed, . $2.1:?; So. - yel-
Outs No. wdlte, l.lo'd i.ltt; ivo. o
white, Jl.loftil.lo. i
Rye No. 2. -.'t26lB!2.27.
Barley $l.U5;a 1.!U.
- Timothy seed $1011.50.
Clover eeetl V-ovJ o, -
Pork Nominal. , '
JUard 21.J0. .
Ribs tlS-jj'i!'.
Grain .at San Francibco.
SAN FRANCISCO. May 12. Grain
Wheat. 13.WS 2-3 per cental; oata, red.
J3.3jja3.40; barley, feed. 3.403.50; corn.
Calitornia yellow. $3.60ir3.7O; rye, nora-
nal. r
Hay Fancy wheat hay, light, five-wire
bales. Jtttl per ton ; No. 1 wheat or
35; choice. tkme oat hay, $340;' otlier
nal; alfalfa hay, $30(ixi37; atock hay. J29
Oregort wheat and oat mixed, $2tf3j;
No.' 1 barley straw, tQctpl per bale.
SeattW Feed and Hay.
SEATTLE, Wash., May 12. City deliv
ery: Fed mlit. vu per ton; scratcn .feed,
$88 ; feed wheat, $97; all grain chop, $78;
oats, $76; sprouting? oats. $80; rolled oats,
$78; whole corn, $81; -cracked corn. $S3;
rolled barley. .e; cupped barley, $si.
Hay eastern vvasninfrton : timothy.
mixed, $4a per ton; double compressed.
$50; alfalfa, $43; straw, $18; Puget sound,
$38. ' .
Minneapolis Grain Market.
MINNEAPOLIS, May 12. Barley, $1.47
P1.49. , r- .
Flax No, 1, $4.74 a 4 79. . .
Duluth l.inseed Market. .
Dl'LUTH, Minn.May 32. inseed, $4.69
-' j
Kansas City Livestock Market. . . . '
KANSAS CITY. Mo. May 12. fUnltA '
States Bureau of Markets.) Cattle Re
ceipts, 4100; beef steers, steady to strong;
top yearunRs, J; nesx neavles, $13.80;
Colorado pulpers, $13.1o: she stock, steady
to 20c nigner; iwj loads yearling heifers.
$13; calves, steady to 90c higher: bulk to
choice. $12: other classes steady.
Sheep Receipts. 4O00: steady to strong;
bulk grass-fed wethers, $11.5012; - bulk
ewes. $9.o0 10. 50; Bprlng lambs, 25 to
50c lower: bulk, $19 19.50: goats, steady:
bulk, $7,7518 8. -
' Brattle Livestock Market.
. SEATTLE, Wash., May 12. Hogs Re-,
ceipts, 188; steady. -Prime. $16016.50;
medium to choice, $15 16; rough heavies
$14(014.30: pigs. )l3i4.
Cattle Receipts, none; steady. Beet
steers. $1213; medium to choice. $10J12:
common to good, 1.S0&10; cows and
heifers. $10.25(Jtl 10.75; common to good, $7
10; bulls. $7.508.50: calves. $7.5016.
New York Sugar Market. ; ' v. ;
NEW YOBK, Mav IS.-Ran ausar, 'tirm.
Centrifugal, 19.56c. Refined, firm. Fine
granulated, 19.5Q'j!2.",c.
. Increase In Wheat Shipmenta.
'""Wheat shipments for the pat and former
weeks were: v
Week Ending
May ?. May 1. May lO.'lO
U. S. & Can.
Argentina...
Australia. ..
4.33,000
7.104.0(10
1,056,000
e i
M10.000 ' 9,909.000
7.977.000 1.408.0DO
736.000 2.328,000
Total.. .: : 12,393.000 11,423,000 13.645.000
Shipments, for the season to date com
pare as follows: -
r Total Sinpe Same Period
' July 1. "10. Last Season.
U. S. and Canada. . ' 250,021.000 285.231.000
Argentina lS8.07,0O0 72.93.000
Australia 84,039.000 . 50,760.000
India. . . .-.,...-- .120.000 6.461.000
Total. . : . .
' -522,267,000 414,438,000
Metal Market.
" NEW YORK. May 12. Copper, Quiet, un
changed. Iroa. steady, unchanged.
Tin, steady Spot 56.75c; June and. JuJy,
55.75c.
Antimony, 10c. .
Lead, quiet. Spot and May offered at 9c;
June and July offered at 8.75c.
nnlet: Kast - St. Louis ' delivery,
spot, 7.70c bid: 7.85c asked.
' - ' Naval Stores.
- SAVANNAH, Ga., May 12. Turpentln.
firm. $1.V5; sales. 82 barrels; receipts. 2,4
barrels; shipments, 030 barrels; stock,
2377 barrels. .
Rosin, firm: sales. 437 barrels: receipts,
617 barrels: -shipments. 180 barrels; stock,
"0 994 barrels. Quote: B, $14.45; D. $17.45;
B. S17.7Q; F. P.. H. I. $17.95: K. $18. Sr.;
M. $18.60; X, $18.85; WO, $19.10; WW,
$19.35.
-Bank Clearings.
Bank clearings of the northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland $7,553,333 $ 846.560
Seattle........ 8,146.510 1,7M.124
Tacoma 1,179.1136 ' 327.941
Spokane 2.391,537 833,500
Dried Fruit at New York.
'EW YORK, May 12. Evaporated ap
ples dull. Prunes, firm. Peaches, in de
mand. Hops, Etc., at New York.
NEW YORK. May 12. Hops, hides and
wool unchanged..
Cotton Market.
NEW YORK. May 12. Spot cotton quiet.
Middling. 41.40c.
ing of grain men, millers and repre
sentatives of allied interests held in
Chicago May 7.
The appointment of Mr. Cohn was
announced yesterday by the Port
land Chamber of Commerce follow
ing receipt of the telegraphic ap
pointment from the officers of the
Chamber who are now in San Fran
cisco attending the national convention.
of logs and planks, with a hose at
tached to the bunghole, making ft
possible to draw the aider without
taking the barrel tip.
A raiding squad at Leominster.
Mass., found a barrel containing 20
gallons of hard cider submerged In a
brotk concealed under a framework
INSURANCE
WE WRITE ALL LINES
C. De Young & Co.
Main 7351 810 Spalding Bid.
GRAIN MAIM APPOINTED
A. Cohn Named to Represent Port
land at Chicago Meeting.
A. Cohn of the Northern Grain and '
Warehouse company of Portland and
New York, has been named to rep
resent Portland on a committee to
be formed shortly of representative
mill and grain men throughout the
country to consider problems In con
nection with the milling and grain
business. The formation of the com
mittee was recommended at a meet-
Pir-War Price
$4760
BUY THESE
20 GERMAN BONDS
Prenent Price
$375
in rtnnria Mark lOOO Kaon 5 German Government's Bond nt 19 Each.
Jo Bond. Mark lOOO Kach 3 Ctty of Berlin Bonds a $18010 Eaca.
You can buy these 20 Bonds now for $375 cash or on our 10
. months' installment plan, by paying 475 cash
. and $30 each month.
Confidence in th recuperative powers of Germany Is shown by recent
trantlnc of 4S,000,000 by the Chicago packers. These bonds offer an
unusual opportunity and with the expected advance In exchange, should
how a profit of 30 to r.OO at the end ot 10 months.
Wire your order at our expenwe. Complete list ot Government, City
and Industrial Bonds mailed on request.
Options on German Marks Good for 6 Months
10,000 Marks Option $50 100,000 Marks Option $350
All quotation subject to change without notice.
Money transferred to all parts of Kurope by cable! draft ' issued on
the IJeutnche Bank, Berlin and all branches In Germany at lowest dnily
rate currency of all F.vropriM countries bouprht and sold.
s : HENRI & BERNHARD WOLF & CO., Inc.
Dralrm in Korclfirn lxchaiire and Foreign Bond.
3SO MADISO..-AVKISLK NKW YORK CITY
$150,000 Stock Offering
of the
Western Rubber Company
of Tacoma, Washington
PORTLAND BRANCH OFFICE,
903 N. W. BANK BUILDING
Portland, Oregon
The establishment of a new industry is an event, and has supplied the
foundation for many a competency, in not a few instances, for a fortune.
Every large establishment you know of today had to have a becriunina;,
and those who could see the opportunity while it was yet new have been
handsomely rewarded for their sagacity. Later in life their friends called
them lucky. It was not a matter of luck, but foresight.
The "Western Rubber Company of Tacoma, Washington, offers vou that
opportunity now. Our factory for manufacturing automobile tires and
tubes is completed, the machinery and equipment installed, and we have
assets in excess of half a million. We need additional working capital,
which is the reason for this offering.
Invest your money in that company which is going- to make your
SOUND TIRKS for you in the future. When you? buy a tire today. yu
draw your breath with a sigh: while you draw your check for a million
to pay for it (so it seems). We invite you to get on the other side of
the investment. Tou know there must be large profits in it. which is
sufficiently shown by the astonishing growth from small beginnings of
rubber companies in the east.
It will cost you Just the trouble of signing your name and address on
the lines below and mailing same to us to bring to vou our booklet
which will explain in detail the merits of this investment.
A Big Producing Canadian
CITY OF VICTORIA
Three-Year Gold Bonds
7V2 Yield
These are exempt from all Canadian Government
taxation, of course.
Circular upon request.
But a!k to sec our list of home municipals with
splendid yields also.
CtARK.KENDALL & CO. INC.
Name
Street No. ...
City or Town
lAMdUKdUm-KCIUM OaSana
Habirshaw Electric Cable Company
15-Year Sinking Fund Convertible Gold Debenture Bonds,
- Series "A," due March 1, 1935.
Price 9S and Accrued Interest; to Yield 7.2(Kl
The Steel & Tube Company of America
General Mortgage Sinking Fund 6. Gold Bonds,
Series "B," due July 1, 1944.
Price 95 and Accrued Interest; to Yield 6.40 o
Motor Wheel Corporation
Sr,'c Cumulative First Preferred Stock,
Dividends payable February, May, August, November.
Price 100 and Accrued Dividend; to Yield 8fc
Portland Gas & Coke Company
7 Cumulative Preferred Stock;
Dividends payable February, May, August, November.
Price 98 and Accrued Dividend; to Yield 7.1rc
HALL & COMPANY, Lewis Bldg., Portland
Marshall 655. .