Morning Oregonian., May 18, 1920, Page 21, Image 21

THE MORNING OREGONIAN, TUESDAY, MAY 18, 1920
SI
IBIG WOOL SALE AT
III
-Growers Expect to Offer One
T: Million Pounds.
DATE IS SET FOR JUNE 3
Bend Sheepmen Also Anxious
Have Public Sale Trading
in Open Market Is Light.
to
by th. Merchants' Exchame as follow:
Portland
"Wheat Barley Flour Oats Hay
Monday 43 2 18 1
Tear aEO 4 , 7 18 1 3
Sea-n to date. SI 49 177 S802 475 21JS
Year a so 7366 1076 725 3117
Tacoma
Saturday 12 .... S 2
Year tio -
Sca'n to date.6S10 M 300 176 851
Tear ato....&318 42 187 1212
Seattle
Saturday ... 13 1 1
Year ago-.... ... .... 18"
Sea'n to date. 6018 244 1124 64S 11S6
Year ago 5306 88 1287 573 2548
Decline In Breadstuff Supply.
- The world's supply of breadstuffs on
May 1 was 239,843,000 bushels, against
248.870,000 bushels on April 1. The com
parison of May 1 this year with th. same
date last year In bushels follows:
May 1. '20. May 1. 19.
Afloat In Eurooe. - 62.570.OO0 60.120,000
In store, TJ. King'ra 7.S10.0OO
In store, Argentine. 8.140.000
In store. Australia.. 51.000.000
In store. U. S S9.lo8.000
In store, Canada. . . 21.455,000
STOCKS ARE DEADLOCKED
3LIST SHOWS NO MATERIAL
CHANGE AT END OF SEASON.
Swift Co....,
I.ibby. McNeil A LtTby.
National Leather ......
Swift International
16,500. 0O0
2.590.0O0
158,000. 0f)
82.547,000
43,667,000
: V The wool growers in the Condon dis
trict have decided to hold a' wool sale at
that place, on June 3. They xpect to have
about 1,000,000 pounds of wool to offer
unless some of the growers ship their clips
' 'to Portland. There 1b also talk of having
t sale at Shaniko.
There is not much business passing in
Any part of the northwest at present. The
buyers take a rather pessimistic view of
the situation because of the reaction In the
eastern market and the heavy cancella-
tlona of orders reported by eastern woolen
-mills. Some attention is being paid to
.-fine wools, but the' buyers are disposed to
offer less than a week ago. As for coarse
wools, they appear to be in no demand 1
whatever at the present time. Some of
the Willamette valley dealers have set
.-.their buying price of .coarse valley wools
down to -0 cents and they are offering
""55 cents for mediums.
--- Advices from Baker county are that
hearing will begin between May 20 and 25.
. In Umatilla county a considerable part
of the clip has been shorn. Shearing will
- begin in southern Oregon about June 1.
7 v A San Francisco buer early this month
was reported to have contracted for 25,000
fleeces in Lake county at prices ranging
. j from 50 to S3 cents, paying the latter
prtco for Che fine clip of C. B. Parker at
; Paisley.
In the Yakima section shearing has been
1 J', practically completed and most of the fine
r..' wools have been disposed of, but much
coarse wool remains. About half of the
clip in the Ellenjburg district has been
horn, and the wool growers In the Eu-
'. phrata country are through with their
- -; eb oaring.
" The mohair market is more or less un
settled. Only a few of the larger buyers
'. are in the mar'iet and they have cut
their buying price to 45 cents to the
grower. At several points country specu
lators have taken on small lots,, some of
them paying -even 5 or 6 cents over the
rallas sale price, and efforts have been
r.r.,: made to turn some of these lots over to
s-ja dealers here, but without success. A
tar-re pool is to be offered at KddyviUe
tomorrow and the price set there may gov
ern the course of the market for a week
or so.
TLOUR PRICES NOT AT RECORD
Market Was Much Higher Three Tears
Ago Than Now.
The high flour prices ruling in the east
"l ro not record prices, says the Northwest
- era Miller. On May 8, 1920, an average
quotation for short patent flour, taking
spring, hard winter and soft winter to
gether, in four representative markets, two
western and two eastern,' was $14.80 a
a barrel. In jute sacks; on May 15, 1017, the
U same average was $16.35. The difference
In first clears is even more conspicuous.
Three years ago the export demand for
clear flour was exceptionally heavy, and
prices for these lower grades were very
close to those for the best patents. An
: . average for first clears on May 15. 1917,
: was $14.25, whereas on May 8, 1920, It
was only $10.80. Thus, while patents are
r something like $1.50 per barrel below the
high point of three years ago, first clears
show a difference of about $3.50.
Mlllfced. on the other hand, has recently
established a new high record, with bran
some $20 a ton higher than it was three
years ago. An average quotation for bran
in both eastern and western markets on
May 8 was not far from $60. Even so.
bran remains materially cheaper than most
w other feeds, for linseed and cottonseed
meal have been selling for more than $80
a ton, and hominy feed at close to $70.
Three years ago, the record high prices
, were airectly due to the unrestrained
ncranabie or foreign government buying
agencies for American wheat, of which
there was an insufficient supply, owing to
the short crop of 103 8, with prospects
Tor another relatively small crop in 1917,
Today the high prices are attributabl
an artificial shortage due to th in
ability of the railroads to move either
wheat er flour in sufficient Quantities.
Two large crops in succession have piled
P considerable surplus; and while the
prospects for the 1920 crop are by no
means brilliant, there is no reason to fear
, a domestic shortage.
t A- ..1 "
SMALLER FARM WHEAT MOVEMENT
Production mt Floor Even for Last Week
Reported.
The fifty-third weekly bulletin covering
wheat and wheat flour movement through
out the United Slates for the week ended
i-May 7 9-0- in comparison with figures for
- ' the same period a year ago, follows:
4 . 1920. 1910.
wnrai receipts irom
farms, bu
Wheat receipts from
faims previous
weok, bu
Wheat receipts from
farms Juno '11 to
May 7. lu
Z, Flour produced dur
ing week, bbls .
Klour produced pre
vious week, Dbis.
Totals 239.S43.Q00 363,424,000
Butter and Eggs Steady.
The local egg market was steady yester
day with 40 cents the general buying
quotation. ' . .
Butter was in good supply, but cubes
moved readily at 4930 cents.
Poultry receipts were light and Pces
were unchanged. Dressed pork was naif a
cent lower at 22 cents. Veal was steady.
Berry Receipts Again Late.
A car of California berries arrived late
yesterday afternoon. Saturday s receipts
j tiiritffiA A few southern
CICollCU lie w " " r
Oregon berries came in and sold at o a
Among the vegetable arrivals was a car
of Brawley tomatoes w uwu -. -$3,2513.50
a crate. .
Bunk Clearina-N.
Bank clearings of the northwestern cities
yesterday were as louows. -
Clearings. Balance!.
t7 RKn 100 S2.461.150
ronia.nu ............ T r , - - - c-.x a-to
Seattle 2,f:?-S
Tacoma "i , i.,J"oo
Cnnlran. ....... ,v-w,
Technical Position of Market Fa
vors Long side Bonds Are
- Weak and Generally Lower.
JTEW TORE. May IT. Conditions ap
proaching a state of deadlock prevailed
in the stock market today, neither the
long nor tho short Interest showing an
appreciable change at the dull close.
i ob technical situation seemed to favor
the constructive side, however, in the
sense that tho short account, even in the
more speculative issues, has Attained ttn
wleldly proportions.
Local monetary conditions Improved to
tho extent that call loans which were
freely made at 8 per mnt riiirin the
morning dropped to 6 before the end of the
session. As much as per cent was bid
for time funds.
btocks made their extreme declines In
the morning when oils, motors, steels,
equipments and shippings reacted two to
iivo points, standard rails losing one to
. Food issues were firm. Sal es. 535. 0OO
Liberty bonds and victor- notes were
weak, mostly at new low records, and the
general domestic list was easier, foreign
issues also tending downward. Total sales,
par value, $15,350,000. Panama 3s lots
j. per cent on call.
PORTLAND MARKET QUOTATIONS
Grain. Floor, Feed. Etc.
Merchants' Exchange, noon session:
rat
No. 3 white feed.
Barley
No. 3 blue - -
Standard feed 64.00
Corn .
No. 3 yellow . X 74.00
Eastern gram, ouia
No. 3 yellow 76.50 73 d 't
W H EAT vovernmcai ?--v
FLOUR iramuy paienn, lo.o. -
hard wheat, $13.73; best bakers' patents,
S13.75: pastry flour, $11.80; graham,
v . w til- Mill
M 1 1 j 1 j r rj lii 1J rrjceo i. . . " " ' " 1 "
run 54 ftp ov per ion; roiteu uiey, T.r
711: rolled 01-S. icrawa
ju rt in w note, ow i v , - v-s., W.JV,
81 per ton.
mav Hi iv in or once. i. o. o. roi vunu
Alfalfa. $35: cheat. $25; valley timothy,
$".4.
May.
.$69.00
June.
$69.00
66.50
65.00
July.
$65.00
64.00
64.00
Dairy and Country Produce.
BUTTER Cubes, extras, 40i30c per
nnund : nrints. parchment wrappers, OOX
inf r.4r nr nound. cartons. r5c; ha I
boxes. ?c more; less tnan nan doxcs,
Ill
24
11
S6
Coffee Futures Higher.
NEW YORK. May IT. The market for
coffee futures was higher today on re
ports of a firmer tone in Brazil and talk
of an Improved spot demand. The open
ing 14 to 24 points higher and active
months sold 8 to 32 points above last
night's closing figures In the late trading
on covering and a scattering demand from
trade sources. This advance carried July
up to 15.67c and December to 15.13c and
the market closed at approximately the
best point with last prices showing net
gains to 28 to 83 points. Close: May,
15 S2c; July, 13 7c; September. 15.25c; Oc
tober, 15.21c; December. 15.13c; January,
15.14c: March. 15.17c.
Spot coffee was reported in moderate
emana, with Kio .s quotea at J-c ana
Santos s at 23 24 Vic
Metal Market.
NEW YORK, May 17. Copper, dull.
Electrolytic, spot and second quarter,
184.194c; July, 19 19e.
Iron Steady. No 1 norlhern, . $49.00;
No. 2 northern, $48.00. - No. 2 southern.
$43.00044.00.
Tin Steady. Spot, 66. 60c ; June and
July, 55.00c
Antimony lo.ove.
Lead Quiet. Spot and May offered at
8.75c; June and July offered at 8. 1 5c.
Zinc Quiet. Spot, 7.60c bid; 7.75c
asked.
CORN MARKET BEARISH
CLOSING STOCK QUOTATIONS.
5, OS 6.000 2,169,000
5,643,000 1,986,000
Plour produced June
i to may 7. obis
747,791.000 713,616,000
1.803.000 2.553,000
1.S93.0O0 2,766,000
116.070,000 107,095,000
Total stocks wheat
all elevators and
T r mil!s bu 127,006,000 93,931,000
. all elevators and
mills previous
week bu. 134.851.000 106,702,000
- ; crease 7,645.000 10,781.000
, Exports of wheat and flour July 1, 1919,
'and May 7, 1920. amounted to 98,961,000
. bushels of wheat and 16,344,000 barrels of
flour, making a total equal to 172.509,000
bushels of wheat, compared with 151,445,
t -000 bushels of wheat and 23,571,000 barrels
of flour last year to May 7, 1920, which
. makes a total of 256.614,000 bushels of
; , wheat, last year's total flour exports in-
r eluding American relief administration and
. .-.American expeditionary force shipments.
The first seven days of May are prorated
from the monthly reports,
f WHEAT PREMIUMS NOT CHANGED
Coarse Grain Markets Mostly Lower on
I .oral Board.
There was little change in the wheat ait-
t uation yesterday. Premiums held at 5'
cents for soft and 70 cents (or hard va
t j. rictles.
Corn bids were 50 cents higher on the
t local board, but other cereals were weak
'and 50c$l ower.
The Idaho crop report estimated the
r - .condition of winter wheat. May 1, 90 pe
int versus 100 per centra year ago, in
..d:cating a production of 7.248.0O0 bushel
versus production last year of 6.105,000
bushels. Hay acreage- 636,500 acres tame,
r " 125.000 acres wild. Condition 91 per cent.
indicating a production of 2.062,000 tons
versus last year 1,730.000 tons.
A-- - Canadian wheat and flour on band on
May 1 were f 7.G-4.0OO bushels versus 118.'
5w4,OO0 bushels last year. Oats and oat
''' products 146,074,000 bushels. Barley Id.
847,000 bushels.
Jcr.oiin.il receipts, in cars, were reported
lc more; butterfat. No. 1, o l (aOJc per
nnunri at stations: Portland delivery, 5Jc,
EGOS iJuytne price, current reteiia.
39 fit 40c. Jobbing prices to retailers
oinHlftr!. A'2c: select. 44c.
CHEESE Tillamook, t. o. o. TinamooK
Triolets. 32c: Ybung America, ooc; long
horns. 33c. Coos and Currv, f, o. b,
Myrtle Point: Triplets, 31c; Young Ameri
ra. oer mount.
POULTRY Hens, S'Jo4d; Droiiers, 3o
40c: ducks, 45c; geese, nominal; tur
keys, nominal.
VEAL Fancy, 21 c per pound.
PORK Fancy, 22c per pound.
Fruits and Vegetables. -
FRUITS Oranges, $5&7.75; lemons.
$3.256.50 per box;, grapefruit, $3.50fij8.50
per box; bananas, 10llc per pound; ap
ples, $2.254 per box; strawberries, $3.75
4 per crate.
VEGETABLES, Cabbage, 4 pec per
pound: lettuce, $33.75 per crate; cucum
bers, $1(&'3 per dozen; carrots. $4 per sack;
horseradish, 2oc per pound; game, itut&ttuc
per crate; tomatoes, $3.25 6 per box; arti
chokes, $li&1.50 per dozen; spinach, 67e
per pound; rhubarb, Qi4c per pound; peas,
10c per pound; asparagus, $1.75fij2 per
dozen.
POTATOES Oregons. $6jp7 per sack;
Yakimas. $7.508; new California. IOViO
11c per pound; sweet. 12c per pound.
ONIONS Yellow Bermudas, $2.o per
crate; white, $3.2o3.u0 per crate; Aus
tralian brown, St.oO per sack.
Staple Groceries.
Local Jobbing quotations:
SUGAR Sack basis; Cane granulated
24 c par pound; extra C. 23.S5c; golden
C, 234 c; yellow J, 23.65c; cubes, in bar
rels. 23.10c.
NUTS Walnuts. 2638c; Brazil nuts,
35c; filberts. 35c; almonds, 3S3 38-ic ;
peanuts, 16 16Sic; cocoanuts, $2 per
dozen.
SALT Half pound. 100s, $11.25 per
ton; 50s. $18.75 per ton;, dairy, $27.75 per
ton.
RICE Blue Rose, 15 c per pound.
BEANS Small white, 7Hc: large white,
74c: pink. 13c: lima, 13c per pound ;
bayous, 11 c; Mexican reds, 10c per
pound.
COFFEE Roasted. In drums, 39 g 50c.
Pro visions.
Local jobbing quotations:
HAMS All sizes, 40 44c; skinned, 39
45c; picnic, 26; cottage, 3Sc.
LARD Tierce basis, 25o; compound, 2
ner Dound.
DRY salt aort, ciear Dacas, z&r z&c
per pound; plates, zjc.
a A e tancy, iffooc: sxanoara, v
46c per pound.
Hides and Peits.
HIDES Salt hides, under 45 lbs., 22c:
green hides, under 45 lbs., 20c; salt hides,
over 4d 1 Ds., lBc, green niaes, over o ids,
16c: iren or salt calf, to lo lbs.. 50c:
srreen or salt kip. 15 to 30 lbs., 2Sc; salt
uiia. 14c: irreen ouiis, ic; ary niaes. awe
dry salt bides, Z4c; ary can unoer j ids..
53c; sart horse, large. s; salt norse, me
dium. $6: salt horse, small. $3.
PELTS Dry Pelts, fine long wool, 32;
ry pelts, medium long wool, 00c ; dry
pelts, coarse, long wool, 22c: selt pelts,
long wool. Apri taKe-oii, .i to
Hops, Wool, Etc.
Kopi 1919 crop, $1 per pound; $1920
contracts, 7c; three-year contracts, 45c
aA-eratze.
MOHAIR Long staple, new clip, 4c per
pound. .
TALLOW 1, ilhlffl-C; 0. 2, aOC
per pound.
CAscaka kakk fer pound, oio peel,
11 He; new peel. 10c per pound.
WOOL eastern uregon, 40(toc; valley.
medium. oc per pound.
GRAIN BAGS Car lots, 21 4j -1 !4 C,
coast.
Am Beet Sug. 1,800
Am tan jmk)
Am Car & Fdy 2,700
Am H fc L pfd 200
Am lnt Corp.. 3,60
Am Loco 1,200
Am Sm & Rfg 500
Am Sugar . . 24,600
Am Sum Tob. 00
Am Tel Sc Tel l.SOO
Am Tob Sec. . 4.600
Am Woolen... 7,000
Am Z L Sc. S. 500
Anaconda Cop 1,500
Atchison 800
A G & W I. . . 1,900
Baldwin Loco. 50,500
Bait & Ohio. . 200
Belt Steel B. . 12,600
B & S Conner 200
Canadian Pac. 1,200
Cent Leather. 2,100
Chandler Mot. 3,700
Chi M & St P 900
Chi & North.. 500
Chi R I & Pac 3.SO0
Chino Copper. - 300
Col Fu A Iron 1,200
Corn Products- 1,500
Crucible Steel 3.600
Cuba Cane Sug 2.000
Erie 1.000
Gen Electric. 2.700
Gen Motors. .. 19.600
Gt North pfd. 9O0
Ut P ur ctrs.. Ju
111 Central ... 100
Inspir Copper. 500
lnt M M pfd. : 900
lnt Nickel ... 1,200
Kennecott Coo 1.400
Louis & Nash. 20O
Mex Petrol... 10.6OO
Miami Coppr. 100
Mid States Oil 10,000
Mid vale Steel. 9O0
Miss Pacific. . 1,"00
Nevada Cop.. 7O0
N Y Centra.l. 1,200
N Y N H & H 1,B
Norf & West.. 200
North Pac. . .. l.OOO
Ohio Cts Gas. 3. TOO
Okla P & Rfg 1.S00
P-Am Petrol.. 69.400
High.
93
40
131":
93 H
89Va
94
59
129
91 '4
4
59
113
15
564.
79
170
117
32
97
22
115
69
13614
34
78
35
3214
32 V4
M .
139
52
114 .
141 i,
28
73 4
" 88
5254
84
lSi
271.
100
182
21 li
31
43 '4
24 74
13
. 68
2!
Low.
A3
3
129
3
87H
S3
r.9
129
3
r.7
108
13
r6
79 .
1HI
11314
32 H
flo4
22
114V.
132
33
784
33 T,
30
KOH
02",
134 Vi
52
11
13" 4
2S
72
35
8
51
83 "4
18'.i
2'
t)9i
177
2H4
30 '4
424
24
12-4
2S
no
Last
Sale.
S3
40
331
93
88
3
59
00
59
1ft
56
79
1R6
32
22
JJ
69
134
33
78
34
31
31
92
137
52
11
140
27
1 'M
35
SB
51
18
27
99
ISO
21
30
4 3
23
12
68
28 74
90
Pennsylvania.
Pitts & W Va.
Ray Con Cop..
Heading
htep iron & b.
7,100
100
4O0
8.800
9.0OO
n Dutch N T 16.S00
Shat Ariz Cop " 500
Shell T & T. . 4.200
Sin Oil & ftfg 5.4O0
South Pacific. 7.000
South Railway . 4.800
Std O of N J. 900
Studebak Corp 26,000
Texas Co ... 7.400
Tax & Pacific. 600
Tob Products. 6O0
Trans Oil 1,500
Union Pacific. 9O0
U S Food P.. 4...00
TT S Ind Alco 4.900
TJ S Rtl Stores 21.3O0
U 8 Rubber... j.iuo
U S Steel 34,700
TJ S Steel pfd. 500
TTtah CoDPer. . 6K)
West Electric. 1.2O0
"WiUys-Ovld .. 6.600
38
4
3004
so
31
17
85
91
115
75
34
94
21
104
68
47
42
63
15
115
61
S5
70
94 '4
93
106
. 67
48
17
40
44
105
40
31
17
86
93
119
9
76
35
95
22
104
71
4S
44
66;4
16
116
64
ss
72
96
. 94
1G0
67
47 '4
18
BONDS.
90.801 Panama 3s cou.77
98
92
40
102
r.9 74
31
17
83
93
117
9
76
34
94
22
104
69
47
43
66
15
116
61
86
72
95
94
106
67
47
18
PRICES ARE. OXETO . TWO
CEXTS IOWER AT CIXSE.
Prospecte of Improved Traffic Con
ditions Are Cause of Selling.
Weather Effect at Opening.
CHICAGO. May 17. Expected federal
emergency action to bring about better
railway traffio conditions bad a bearish
Influence today on mo com marw.
Prices closed heavy. 1c to 2c net lower.
with Julv S1.T to S1.7S and Septem
ber $1.63 to 11.63. Oats finished c
down to c UP compared wltn yesieraay
latest figures. The outcome In provision
wm. 1A0w3Ae decline.
Although as a result or wet weaxner xn.
corn market snowed a uttie sirengxn ax
the opening, bulls were at a disadvantage
throughout most or tne rem&inaer ot tn.
day. '
Oats ruled easier with com, except tne
May delivery in which offerings were
light.
Ixwer quotations on hogs and corn
pulled down provisions.
Tho Chicago market letter received yes
terday by Overbeck; & Cooke company of
Portland said:
Corn Started higher on buying induced
by the unfavorable weather, but there was
auite a change In sentiment later when
the estimates indicated receipts of 175 cars
for tomorrow, the largest in some time,
and tho result was a decline of 5 cents in
cash prices. All news regarding the strike
was closely scanned and while nothing of
a concerted nature developed, there was- a
more confident feeling prevailing in tht
early announcement that railroads were
ready to grant increased wages. It Is no!
within reason to expect return to norma;
transportation conditions for some time
to come, but the matter of more cars for
the movement of grain Is now in the hands
of people who will ;et results. The sell
ing side on all bulges will seem to be the
lcs-cal course.
Oats Early in the dsy the deferred de
liveries displayed independent weakness,
bur thereafter fluctuations were dominated
by the action of com. Local spot pre
miums were reduced 1 to 2 cents. The
decrease of 183,000 bushels in the vi3it,ie
supply was not as large as expected.
Weather could not bo improved upon for
the growine cron. and when wa reran tlit
I tho upturn In September several weeks
ago to around present prices was based
upon the backward season, we doubt that
present prices can be maintained.
Leading futures ranged as follows:.
CORN.
High. Low.
1.95 $1.94
1.79 1.74
' 1.65 1.61
OATS .
1.06 1.07 1.05
.93 .93 .91
.76 .76 .75
FREE:
Counsel of Leading Manufacturers
and Jobbers on Vital Business Problems
Think of having your 1920 business course charted out
by the keenest and most successful minds in every line
of trade; of being able to get the unbiased advice of
real leaders on Buying and Selling, Terms of Sale, Col
lecting, Borrowing, Measuring the Credit Limits, etc. .
The tremendous value of such data to you individually
as well as the whole business world is obvious. Yet
it is now at your disposal, if you are a manufacturer,
jobber or banker, in the form of a condensed report,
which will be sent you free upon request. No copies
sent to retailers or private individuals. Tell your ste
nographer to write or phone for a copy this day.
AMERICAN CREDIT-INDEMNITY CO.
Of NEW YORK LM. TREAT, pkesident
' 1SSUSS STANDARD UNLIMITED POLICIES
H. T. MacRILL, General Agent
Board of Trade Bldg.
Phone Main 1179 Portland, Oregon
5S25Ssra M
w Tr iMigjr f
no .!?:iiPiiM'ippitr' .
w
6
Exempt From Federal Income Tax.
Oregon and Idaho
Municipal Offerings
City of Astoria, Oregon ?
Improvement Bonds
Dated Nov. 1, 1919. Estimated Maturities 1931-39.
(Optional on and after Nov. 1, 1920.)
Denomination $300 Price par to yield4 v
Principal and Semi-Annual Interest Payable at City Treasurer's Office-M
Morris Brothers, Inc.
City of Buhl, Idaho
Water, City Hall, Intersection and Fire Department Bonds.
Estimated Maturities 1930-3
i
Denomination $1000. Price pax to yield .
Principal and semi-annual interest payable In New Tork r at Morris .
Brothers. Inc. . -
TT S T.ih
do 1st 4S.... BVi AUBio-r r. 01
?A 4k. . 84.00 A T & T cv
do 1st 4S.. M.wiAicn Ken .b....
do 2d 4s.. 83.90, D & R con 4s.. 68
do 3d 4s.. 87.44IN Y C deb 6s.. 8
do4th4s.. 84.40iN P 4b 69
Victory 8s.. 94.88'N P 3s oO
do 4s..... 95.00IPao T & T 5s..79
TJ S 2s reg..101'4Pa-con 4s.... 83
do coupon. .101IS P cv 5s. 97
TJ S 4s rcg...108 ISO Ry 5s 78
do cv 4s cou106 Li P 4s 76
Panama 3s reg 77 U S Steel 5s 92
Boston Mining Stocks.
BOSTON, May 17. Closing quotations:
Al ouez 3U
Arizona Com 10
Cal & Hecla 320
Centennial .... 11
Cop Range.... 39
E. Butte Cop..
ranKlln
Isle Royalle...
l.ake Copper...
Mohawk ......
N. Butte
Old Dominion.,
Osceola
Quincy
Superior .....
Sup. & Bos..
12jShannon ....
774iUtah Con....
29jWinona .....
3 (Wolverine ...
60V (Gran by Cons.
18l
27
42
55
4
3
1
6
75
16
38
May. .
July. .
Sept. .
May. .
July. .
Sept..
Onen.
$1.95
1.78
1.65
Close.
$1.95
1.76
1.63
MESS PORK.
Ii07
.92
.78
May 35.75
July.... 37.00 37.00. 36.62 36.75
LARP.
July.... 21.25 21.25 20.80 20 90
Sept 21.90 22.00 21.57 21.72-
SHORT RIBS.
July 18.75 18.75 18.52 1R.60
Sept 19.50 19.55 19.30 19.35
Cash prices were:
Corn No. 3 mixed, $2.09; No. 2 yellow,
S2.10w2.12.
Oats No 2 white. 1.14L16; No.
Rye -No. 2. $2.19 20
Barley KI.60& 1.R6.
Timothy seed S10.066 11.05.
Clover seed S25iu?35.
Pork Nominal. S
Lard 20.12.
Ribs 117.50 18.50.
Wheat Visible Decreases.
The American wheat visible supply state
ment compares as follows:
Bushels. Decrease.
May 17. 1920 38.742.0O0 1. 907,010
May 19. 1919 R3.736.OOn 8.482.000
Mav20, 1918 1.566.000 306,000
May 21, 1917 30.173.0O0 2.907.000
May 22, 1918 .40.338.000 370,000
The corn visible is 4,056,000 bushels, a
decrease of 472.000 bushels; oats visible
6,294,000 bushels, decrease 183,000 bushela
Grain at San I'ranclseo.
SAN FRANCISCO, May 17. Grain
Wheat. 3.66 2-3 per cental; oats. red.
33 4O&3.50; barley, feed. 3. 4043.50: corn,
California yellow. 3.65(S!3.75: rye. S3.25.
Hay Fancy wheat hay, light, five-wire
bales, 3841 per ton; No. 1 wheat or
wheat and oat nay, .oo'woo.
35; choice tame oat hiy. 37fe40; other
hay. 33B37; alfalfa hay, 30(S?2; stock
hay, 29&32; Oregon wheat and oat mlxea.
,2932; Io. x oariey straw, iire.fi
bale.
Seattle Feed and Hay.
SEATTLE. May 17. City delivery: Feed
mill, 52 per ton; scratcn leeo. . ittu
wheat, 97; all grain chops. $79; oats, .S;
sprouting oats. S81; rolled oats, S80; whole
corn, $82; cracked corn, SS4; rolled bar
ley, $78; clipped barley, SJ.
Hay uastera n3iunitiii ni..v..
mixed, $47 per ton: double compressed,
$51; alfalfa, $44: straw, $18.
Minneapolis Grain Market.
MINNEAPOLIS, May 17. Barley, $1.45
1.78; flax No. 1, $4.604.65.
Cotton Market.
NEW TORK, May 17. Spot cotton,
steady; middling. 42c. -
""Naval Stores.
SAVANNAH. Ga., May 17. Turpentine,
firm, $1.85&1.86: sales, 221; receipts, 369;
shipments. 18; stocks, 12,852".
Rosin Firm: sales, 666; receipts. 1028;
shipments, none; stock 20,979. Quote:
B 114.25; D, $17.25: E, F, G. H. I, $17.50:
K $17.75; M, $18: N. $18.25; WG, $18.50;
WW. $18.75.
l0fMUAtOM
Morris Brothers ins
c7vt fPremtercMuwctpa J3ond7ous0
Morris Bldg. SOS-11 Stark St.. Bet. Ttftb and Sixth
Telepnono 1$ roadway 2151
71
israiiiswi
OvorQuMtm I
CtTvrv f
storare packed extra firsts, 48 49c;
firsts, "4',i 48; fresh ga-thered extra
firsts, 47l&48c; firsts, 444p46C.
Cheese, receipts 924; state whole milk
flats, held specials, white and colored,
31$i a2c; do, average run. aOc; state whole
milk flats, current make specials, white
and colored, 2S&liOc.
CHICAGO. May 17. Butter, higher;
creamery, 47 ic 57 Vjc.
Kgga. higher; receipts 33,043 cases;
firs IB. 41(&j4c; ordinary firsts, 37 a TI8c at
mark, cases included, 3S&40c; storage
packed extras, 44c; storage packed firsts,
i'i c.
Poultry, alive, higher; fowls, 37c
Dried Fruit at New Tork.
NEW YORK. May 17. Evaporated ap
ples, steady; Ca-lifornla. 11 & 13c; state,
13$il6c.
Prunes, firmer; California, 9 29c; Ore
gons. 11&20c
Peaches, more active; standard, 17
10c ; choice. 18 20 c ; fancy, 19 21c
luluth Unwed Market.
DULUTH, May 17. Linseed. ,4 59 54.64.
Fur rricee Decline Sharply.
ST. LOUIS, Mo., May 17. Mtnk was
the only offering at the spring auction of
the international fur exchange today, 16.
OOO pelts bringing approximately $1,000,
0O0. The market showed a decline of 30
per cent from that of February.
Kastet-a Dairy Produce.
NEW TORK, 'May 17. Butter, i firm;
creamery, higher than extras, 64 65c ;
creamery extras, 63Vs'64c; firsts, OO
62c; parking stock, current make. No.
2, 40(41c.
Kggs, irregular; receipts 23,933 cases;
HALL & COMPANY
BUY AND SELL,
Railroad
Public Utility
Industrial
Municipal
BONDS
YIELDING
5 to 7
Foreign Government Loans
Local Securities
Preferred Stocks
Lewis Bldg., Portland, Or.
The probable future
value and present
intrinsic worth of these
Bonds make them
unusually worth while
Canadian Provincial Bonds
Prov. of Alberta
A 6 short term Gold Bond,
due in 1923, and a direct obli
gation of the province. Yield
Saskatchewan
A four year, 6 Gold Bond,
secured by assets, assessed
at a billion dollars. To yield
7.
- City of Victoria, B. C.
A direct general obligation due in 1929, having
a hVzVo interest' rate. Price to yield 7.75.
U. S. Municipal Bonds
Rate Due
Adams Co, Wash, Roads 6 21-33
Douglas Co, Wash, Roads 6 '21-40
Kingman Colony, Or, Drainage. .......... . 6 '25-40
Pierce Co, Wash, Roads 6 '21-30
Prineville, Oregon 6 '33-38
Yield
5.50
5.50
6.25
5.50
6.00
wJ)Qnuaiia3ffuslCo
Undor- SttptWSuOTGgptt. State BaaJong Depa itmenC
Bonds Trusts Acceptances
Lumbermens Bldg.
Money, Exchange, Ktc.
NEW TORK, May 17. Mercantile pa
per, 7 per cent. !
Exchanee steady. Sterling 60-day dims.
$3.73; commercial 60-day bills on banks.
J3.70; commercial cu-oay dims, ... b ;
demand, $3.82 4 ; cables, $3.83. Krancs,
demand, 14.47; cables. 14, 45. Belgian
francs, oemana, i ; caoies,
Guilders, demand, 36 7-16; cables, 36 V4.
Lire, demand, -O.a; caoies, o.v. mams.
demand. 2.06; cables, 2.0$. Drachmas, -60.
Government bonds weak; railroad dodos
easy.
Time loans strong; eo a ays, w aays ana
six months, 8 per cent.
Call money strong. iign, s per ceni;
low, 6 per cent; ruling rate, S per cent;
closing bid, 6 per cent; oLfored at 7 per
cent; last loan 6 per cent:.
Bank acceptances, o per cent
Bar silver. 994c,
Mexican dollars, 76 He.
LONDON. May 17. Bar silver, 58 Vi d
per oz.
Monev. 5. per cent.
Discount rates, short bills, 65 6 3-16
per cent. Three months' bills, 66.3-16
per cent.
Swift ft Co. Stocks. .
Closing prices of Swtft & Co. stocks at
Chicato were reported by Overbeck fe
Cooke company of Portland as follows:
- U.
LINSEED OIL Raw, barrels, SI. 98: raw,
drums, $2.03; raw. cases. $2.13; boiled, bar
rels. $2; boiled, drums, $2.07; boiled, cases.
tuk Ti. m i an -ts, cases.
$2.61.
COAL oil. iron oarreis, lfviTc;
cases. 27 ft 34c.
GASOLINE Iron barrels, 27c; tank wag
ons. 2ic; cases, J9Hc
Pi EIj OTT, Bulk. $2.10 per barrel.
FACTS 524
BEST BY EVERY TEST
Under present traffic
conditions it is abso
lutely imperative that
only the very highest
. type of construction
and surface should be
used in the improve
ment of road, street
and highway. Dura
bility, 'economy in
maintenance, satis
faction in use. and
ever ready for service,
are but a few of the
qualities that place
above all other pavements
WARRENITE
BITULITHIG
WARHKV BROTHERS
CUHPAKY.
Now
is the time to buy
You have never been of
fered 6uch opportunity
for interest and for
profit as now opened to
you by tax-free munici
. pal bonds of established
progressive communi
ties. Ask us for list of
bonds to yield you up to
(Si
Income Tax Exempt
Carnation Milk Products Company
Five-Year 7 Per Cent Gold Notes
Price 96 y2 to Yield 7.85 Per Cent
TEN REASONS
1. Only funded debt of company.
2. Net assets of $4470, including current assets of $2500, repre
sent security for each $1000 note.
3. Average annual net earnings after taxes for past five years
equal to over $500 for each $1000 note.
4. Purpose of issue to provide working capital to finance larger
operations.
Company in successful operation since 1899.
Management unchanged.
The company a leading factor in world production and distri
bution of an essential food product evaporated milk.
5.
6.
7.
8.
10.
Sinking fund equal to 15 per cent of net earnings after
charges.
Five-year maturity with valuable option for conversion into
long term 7 per cent preferred stock.
7.85 per cent return an exceptional yield on an unusually
well secured note. . -
.MIIIIIIIIIIIHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIU
I EXPORTER Si
TAKE NOTICE
WE OFFER FOR SALE: EE
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; E
E 500 tons Boiler and Tank Plates, cut in sheets;
500 tons used old Wire Rope;
E 200 tons Track Bolts and Spikes.
E Other miscellaneous waste and used material packed for export
E shipment.
E If in the market for ANYTHING in the line of waste, salvage or
E second-hand usable material communicate with
us umi Oawa Biaa.
avusi
laSfSSSBBaBSSSBSBSaSSSBBl
i
Freeman
Smith b
camp B
Co. Bill
The foregoing summarizes the reasons why we have purchased and
are unqualifiedly recommending to our clients the above notes. .
Blyth, Witter. & Co.
VISXED SCSXES GOVEjgM2TI MUNICIPAL ATCO CORPCKAIJOff JJOKD5
YEON BUILDING TORT LAND, OREGON
Telephone: Main 3304
Saa Fnaciaco . New Tork Settl Lo. Aagele.
Sonken - Galamba Iron & Metal Co. j
E ARMOUR STATION, KANSAS CITY, MO.
Largest Dealers in Waste Materials in the Miaaue west ;
llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll.'lllllf
Diversified
Short Time Investment
Average Yield 7.747o
Appros.
Yield "
American Cotton Oil 6's of 1924 8.10
Consumers Power Co. Deb. 7's of 1923-26. . . 8.00
Sinclair Cons. Oil Corp. TYt's of 1925. . . ... 8.00
Liggett & Myers Tobacco Co. 6's of 1921 7.90
Moline Plow Company Ser. 7's of 1922-24. . . 7.70
Waltham Watch Company 6's of 1924 7.47
Virginian Ry. Equip. 6's of 1921-26 ........... 7.00
Full information regarding? any of the above securities
will be sent upon request for OR-035
The National City
Company
Correspondent Offices In Over 50 Cities
Portland - Teoa Building;
Telephone Main 6072.
Honda
Acceptances
Preferred Stocks