THE MOKNING OREGOSUX, TUESDAY, MAY 23, 1920
21
61
TO BE EXPLAINED
Federal' Grades Will Be
terpreted to Shippers.
In-
SERIES OF TRIPS PLANNED
mornlnff. A better smppxnff fiemtnd has
trengrthened the market. White Salmon
berries sold at 16.23. A shipment of Bin
sen berries was on the market and held
at 7.50.
. Bank Clearing.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearings. ;Balances.
Portland 9.tfiV5.411 2.4:i0,925
Seattle 6.976.0SS 2.13S.855
Tacoma 8S9.6H 176.835
Spokane - 2,473,296 1.013,107
PORTLAND MARKET QUOTATIONS
Grain Flour, Feed, Etc
Noon session. Merchants Exchange.
-Bid-
Supervisors Will Devote Xext
Month to Demonstrations ia
Wheat Producing Districts.
At the request of a number of train
doalers located at country shipping points.
the federal grain supervision project of
the bureau of markets. United Slates de- !
partment of agriculture, has scheduled a
series of meetings for towns in the Pacific
Northwest wheat producing areas, to in
terpret the federal grades for grain and
explain and demonstrate their correct ap
plication. At the same time it will be
possible to correct an erroneous impres
sion that appears to exist among some
growers that the federal grades go out
sf existence w.Hh the grain corporation
a May 31 of this year.
This Important work, which has to deal
with the enforcement of the grain stand
ards act as passed by congress, will oc
cupy the greater part of the month of
Juno.
Th following towns are Included In the
Itinerary., which has been divided Into
three trips, to- be made simultaneously by
representatives from the Portland. Se
attle and Spokane supervision offices:
June 1 Watervilie, Wash. ; Rosalia,
The Dalles, Or.
2 Mansfield, Wash.; Tekoa Wash.
3 Hartline, Wash.; Garfield,
Maupln.
4 Bphrata, Wash. ; Endlcott,
Oats May. June. July.
No. 3 white feed.. -.69.00 t9.50 $70.00
No. J blue" . . 67.00 67.50 64.50
Standard feed 60.00 66.00 63.50
Corn 4
No. 3 yellow 72.00 70.00
Eastern grain, bulk:
Corn
No. 3 yellow 74.00 .-71.00 69.00
Government basis.
STOCK LIST IRREGULftH
BOXD DEALINGS ARE LIGHTER
WITH PRICES "STIEIiD IX3. "
Call Money Easier bat Time Funds
Are Scarce Deflation of
Credits Proceeds.
KB5W YORK, May 24. The session of
the stock exchange today wu devoid of
especial features, aside from the super-
uciai cnaracter or the trading. Financial,
industrial and commercial developments
over the week end seemed to offer little
relief from recent unsettled conditions.
Efforts to place a favorable construction
on l he low rate for call loans, which re
newed at 6 per cent, the easiest Monday
quotation In several weeks, met with scant
success in-tho face of further stringency
of time funds.
Deflation of credits mad additional
WHEAT-
1TT.OT7R Fninllv n.tentjt. S13.75. bakers' "1
hard wheat, S13.7a; best bakers' patents. I progress under supervision of the ..federal
(13.73; pastry flour. Sll.bo; granam. e
111. 60: whole wheat, $11.85.
Wash.
June
June
Wash.
June
Wash.
June S Odessa, Wash.; Colfax. Madras.
June T Wilbur, Wash.; Dayton, Wash.;
Condon.
' June S Daveport, Wash.; Fomeroy,
Beppner.
June 9 Harrington, Wash.; Lewlston,
Athena.
June 10 S Prague, Wash.; Culdesac Ida
ho: Walla Walla.
June 11 Ritzville, Wash.; Ilo. Idaho;
Pendleton.
June 12 Llnd, Wash.; Nei Perce, Ida
ho. June 14 Washtucna, Wash.; Grange
vllle, Idaho; Enterprise.
June 13 Connell. Wash.; Cottonwood.
Idaho; Imbler.
June 16 Eltopia.. Waii. ; Ia Grande.
June 17 Pasco, Wash.; Genessee, Ida
ho; Baker.
June - 18 Uniontown, Wash.;. North
Powder.
June 19 Mabton, Wash.; Moscow.
June 21 lone.
June 22 Grass Valley.
DKMAND FOR WHEAT 18 LACKING
MI1.LFEED Prices, f. o. b. mill! Mill
run. 54&55 per ton: rolled barley, $72
73: rolled oats, S7374; scratch feed,
$91 92. . . ' '
CORN Whole. I78M71I: cracKea,
HI npr ton - .
HAT Buying price, f. o. b. Peruana-,
Alfalfa, sas; cheat, 125; valley timothy.
Dairy and Country
Produce,
BUTTER Cubes, extras. 49c .per pound;
prints, parchment wrappers, box lots. o-ic
per pound; cartons. 53c; half boxes, c
more; leas than half boxes, lc more; but
terfat. No. 1. 5152c per pound at sta
tions; Portland delivery,- 61c .
EGGS Buying price, current receipts.
37c Jobbing price to retailers: Candled,
41c: select. 43c
CHEESE Tillamook, f. o. b. Tillamook;
Triplets, 32c; Young America. S3c; long
homs, 33c. Coos and Curry, f. o. b.
Myrtle Point Triplets, Sic; Young Ameri
ca. 32Ac per pound.
POULTRY Hers. 32034c; broilers, 85
40c; ducks. 40w30c; geese, nominal; tur
keys, nominal. -jr.
VEAL Fancy, 18c per pound." . ? t-
PORK. Fancy, 21c per pound.
board.
Signs of a brmlc m the freight blockade
were apparent, but merchants at Important
eastern and western centers exported fur-
iner Diminution of activity and slower
collections, attributed partly to the price-
cutting crusade.
The one. consnlcuouslv irtmiir stock was
Atlantic Gulf, which closed at a gain of
almost 9 points. Sales were 700.000 shares.
dealings In bonds were relatively light.
the liberty and vlctorv Issues vleldinar part
of last week's advance with several of the
toreign war issues. Total sales, par value.
S17.2u0.OOO. Old United Statea bonds were
unchanged on call.
CLOSING STOCK QUOTATIONS.
J.ast
Hlrh. Low. Sale.
8X1 gs
375 374, 37H
131 129 4 ISO
87'
82 is
89
57
12S
S3H
Am-Beet Sag.
Am .Can
Am Car el Fdy
Am H & L pfd
Am Int Corp.
Am Loco ....
Am Sm Rfg
Am Sugar . . ..
Am sum Tob.
Am Tel TeU
Am Tob Sec . .
Am Woolan . .
Am Z L Sm
Sales.
1. nno
4.B00
l.ooo
2.SOO
2, BOO
.- 900
500
1.000
2O0
l.BOO
3.700
13,500
300
3, 200
l.noo
2
S3 14 .
.974
13 H
55 K
73
fruits ana v eatecables.
FRUITS Oranges. 5.257.73: lemons.
So.23ti.50 per box; grapefruit, 3.308.50
per box; bananas, lU'sWllftO per pound;
apples, $2.754.50 per box; strawberries,
California. 4 per crate; Oregon. .504j
7.50 per crate; cantaloupes, 4 per crate.
VEGETABLES Cabbage, 3'4i4c per
pound: lettuce. 33.50 per crate; cucum
bers, ll2.50 per dozen; carrots, ?44.50
per sack; horseradish, 25c per pound; gar
lic, 5060c per crate; tomatoes, 93 per
box; artichokes, $1.50 per dozen; spinach,
6&7c per pound; rhubarb. 34c per pound;
peas, 1012c per pound; asparagus, $1.75
2.25 per dozen; beans, 20c per pound.
POTATOES Oregons. S77.50 per sack:
Yakimas, $7.508; new California, 110
ll'c per pound. -
ONIONS Yellow Bermudas. $2.50 per
crate; white, $2.502.75 per crate; red.
$3. 5 per sack.
Staple Groceries.
Local Jobbing quotations:
SUGAR Sack basis: Cane, granulated.
24c per pound; extra C, 23.85c: golden
C, 23 c: yellow I, 23. 60c; cubes, in bar
rels, 23.10c.
NUTS Walnuts. SesSc; Brazil nuts.
35c; filberts, 35c; almonds, 38$?38'c; pea
nuts, lSiU'ltlc; 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. 153tc per pound.
BEANS Small white, 7Hc; large white,
74c pink, loc; lima, 13c per pound;
bayous. 11 c; Mexican reds. 10c per
pound.
COFFEE Roasted, in drums, 39 050c.
Anaconda Cop.
Atchison
A G & WISS -1.900 1634
Baldwin Loco. 43.1IK ' 10911
tsait ec unio,. . J ' 1
Beth Steel B. 13.20O
B & S Copper 200
Calif Petrol .. 8l0
Canadian Pac 2O0
Cent Leather. 4,700
Chandler Mots 7.200
Ches & Ohio. . SOO
Chi M & St P. 2,700
Chi & N W . .. SOO
Chi R I & Pac 8.200
Chino Copper. 2,800
Col Fu & Iron 600
Corn Products. 5.8O0
in Local
Little Interest in Other Cereals
Market.
Although corn and oats bids were higher
en the local board, there appeared to be
but slight interest in the market. Wheat
was particularly dull and buyers would
not consider former prices. Offers for
bulk corn were $101.50 higher than Sat
urday and feed oats ranged from un
changed to 50 cents higher. Barley was
easier.
Broomhall says ths official Argentine
surplus for export is 72,364.000 bushels of
wheat. 237,149,000 bushels old and new
corn, 40,489.000 bushels oats. A large
part of the old corn crop is in very poor
condition, while" the major portion of
the new supplies have not been sufficiently
dried. Argentine charters are very dull.
with prices unchanged to the continent.
Shippers have paid 130s per ton for up-
river, equal to about $24.50.
Australia shipments last week were:
Wheat to United Kingdom, 88,000 bush
els, to continent 808,000 bushels, to nou
Kurope 360,000 bushels.
Terminal rece'.pts, in cars, were reported
by the Mercnants Exchange as follows:
Wheat. Barley. Flr. Oats. Hay.
Portland
Monday 70
Year ago 9
Season 10 date 8333
lear ago 7404
Tacoma
Saturday 23
Year ago 15
Season to date G930
Year ago. .... .5369
Seattle
Saturday .....
Year ago 6
Season 10 date 6095
Year ago 5341
FLOCK PRODUCTION HOLDS STEADY
Wheat Receipts From Farms Show Slight
Increase.
The 54th weekly bulletin covering wheat
and wheat flour movement throughout the
United States for the week ending May 14.
1920, In comparison with figures for the
same period a year ago, follows:
Bushels.-
1920.
Wheat receipts from
farms
Wheat receipts from
farms prev. week
Wheat receipts lrom
farms June 27 to
May 14 753.0S8.OOO
Flour produced dur
ing week 1,898,000
Flour produced dur
ing prev. week.. l,895,0O0
Flour produced June
27 10 May 14 . . . 117.96S.0OO
Total stocks wheat
all elevators and
mills 19.130.000
Total stocks wheat
all elevators and
mills prev. week. 127.006.000
Change ior week.
decrease 7. 876.000
Provisions.
Local Jobbing quotations:
HAMS All sizes. 4n44c: skinned. 39
G45c; picnic, 26: cottage, 38c.
LARD Tierce basis, 25c; compound. 24c
per pound.
DRY SALT-Short. clear backs. 25629c
per pound; plates, 2.1c.
BACON Fancy, 48t56c; standard. 35
46c per pound.
Hides and Pelts.
HIDES Nominal, on account of unset
tled condition of market.
PELTS Dry pelts, fine and medium
long wool, 23c; dry pelts, coarse, long
wool, 16c
1 23 6 13
2 21 2 5
179 3S.-.S 495 2184
101)2 2697 737 3156
1 11 ..
.... 3 1
93 3134 176 833
45 .. 195 1:115
24 H "i
244 1144 643 1214
97 1349 597 2553
cases.
5.287.000
6.086. 0O0
1919.
2.103.000
2.168.000
715.719.000
2.671.000
2.553.000
109.766.000
S3.287.O0t
95.Vil.OO0
12.664.000
Barrels.
Exports of wheat and flour July 1, 1919
to May 14, 1920, amount to 99.683,000
bushels of wheat and 18,320,000 barrels of
flour, making a totaf equal to 182.123.000
bushels of wheat, compared with 154.717,
O00 bu&hcls of wheat and 24.010.O00 bar
rels of flour last year to May 14, which
makes a total of 2b2.762.000 bushels of
wheat, last year's total flour exports in
eluding American relief administration and
American expeditionary force shipments.
The first 14 days of May last year are pro- 1
rated from the monthly report.
KUG BtVlNli I'KItE IS KtDlCEO
Dealers Offer 37 Cents for Today's Re
ceipt Butter l nrhanged.
The egg market was reported weaker
with a lighter demand and a greater loss
on receipts. The buying -price was 38
cents and will be reduced to 37 '.cents
day.
Cube butter sold for the most part at
49 cents, with the undertone of the mar
ket somewhat easlor. '
Poultry was In small supply and steady.
Dressed veal was sharply lowsr at 18
cents. Pork was unchanged.
Small Decrease lit Wheat Visible.
The American visible wheat supply com
pares as follows:
Hops, Wool, F.tc.
HOPS 1919 crop, $1 per pound: 1920
contracts. 73c; three-year contracts, 45c
average.
MOHAIR Long staple, new clip, 40c per
pound.
TALLOW No. 1. 11 54 12c; No. 2, lOo
per pound.
CASCARA BARK Per pound, old peel.
12c: new peel. 10c per pound.
WOOL Eastern Oregon, nominal: valley
medium. 35c 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. $2.07; boiled, cases,
$2.13.
TUKriSKiiSE Tanks, 12 "O
$2.41. - '
COAL OIL j Iron barrels, 14tt17c;
oases, 2734c. . 1
GASOLINE Iron barrels, 27c: tank wait-
ons. 2ic; cases, 39Vc
FUEL OIL Bulk. $2.1Q per barrel.
SAJT FRANCISCO PBODCCE MARKET
Prices Current on Vegetables. Fresh Fruits.
Etc., at Bay City.
SAN FRANCISCO. May 24 Hi.ft
Extra grade. 54 Vic; extra firsts. 53 wt
Eggs Fresh extras, 4c; firsts. 42c:
extra pullets, 39ic: undersized. 32e
Cheese Old-style California flat, linn
28c; firsts, 24c: Young America. 2Wr
Poultry California hens, large. 366t39c-
small, 2931c; strictly young roosters,
45'48c for good; old, 17S19c: fryers, 40j
43c: broilers, large, 3337c: small 30ijj32c;
geese, per lb. 3032c: ducks, 26(21tc; pig
eons, per dozen, $2,503-3; squabs. 55&6OC
per lb.
Vegetables Beans, winter. 79c: Ken
tucky Wonders. ll124c; wax. 710c per
lb.: bell peppers, per lb.. 10(jpl5c for small;
2030c for large: Chile, 25c; tomatoes.
Mexican. nominal: southern California
fancy. $3(13.25: green, $1.5O02; potatoee,
rivers, $7.50r8.25 per cental: Netted Gems
$7.75fe8: white. 78c; onions. Crystal
White, $1.502 per crate; new red, $2.50
3: Australian brown, per cental, $6.60g)7;
cucumbers, natural growth. $250fe'2.73:
hothouse, $3 per box; artichokes. $5fe8
per large crate; lettuce, $1.301.75 per
crate; asparagus. 7S8c; fancy graded. 9
10c: green asparagus. 46c: green onions,
$2 ft 2.25 per box; celery, per crate, $24;
fancy. $46; peas, per lb., 3'g'4c; carrots.
::..-ufa4; oeeis. .ou per sack; summer
squash, per crate. (161.5j: Italian. S1.25
Crucible Steel. 18.21)0
Cuba Cane Sug 3. 300
Erie 1.500
Gen Electric. O0
Gen Motors . . 27. 000
Gt No pfd ... 3.100
Gt No Ore ctfs 900
Inspir Copper. 8.600
Int M M pfd.. 2.20O
Inter Nickel.. 3.000
Inter Paper . . 2.800
K C Southern. 600
Kennecott Cop 1,300
Louis & Nash. 70O
Mexican Petrol 14.70O
Miami Copper. l.iuwi
Mid states Oil
Mldvale Steel.
Missouri Pac..x
Nevada Cop. .
N Y Central..
N Y N H & H
Norf & West.
Northern Pac.
Ohio Cits Gas. .
Okla P & Rfg.
Pac Tel Tel
Pan-Am Pet..
Pennsylvania ..
Pitts & W Va.
Ray Con Cop.
Reading
Rep Ir & Steel
Roval Dutch .
Shat Ariz Cop
Shell T ft T .
Sin Oil 1
Southern
Smith em Rv.
S O of N J pta
Studebaker Co
Texas Co ....
Texas si Pac..
Tobacco Prods
Transcont Oil.
Union Pacific.
U S Fd Prods.
U S Ind Aleo.
U S Retl Sirs.
U S Rubber . ..
V S Steel
do Pfd
Utah Copper..
western union
Westing Elect
Willys-Overlnd
5,300
1,600
1.300
2.100
1.400
3.200
200
a. 40O
900
2,500
1.900
39,000
8.S00
BOO
1.900
7,800
12.600
9.000
4O0
. 6O0
Rfg 76.600
Pac. 9.200
. 1WM1
1.KO0 IOI 1JL
36. OOO 62 Vi
33.9O0 4o
9.O0O " 39
2.100
4.S00
3.9O0
1.000
7.200
5. J OO
8.400
74.300
1.2O0
- BOO
.. 100
1.900
4.900
ltO ,
8 I -
' 2014
28
1144
64
124
51
3H4
77
33 14
30
30
no
122 '
40 H
11V
141
2514
717,
S4Vi
.-.0
81 '4
" 16
66 4
15
25
1?17
20
29,
41
24
11
67 -27
88 !4
in
.394
' ' .
41 -
98 y,
39
2S'4
81
B-nt
116V4
9
73
30
92
21
Low.
88 H
37 4
129 4
80
89
56:4
124
83 U
92
i- 62 i. . '.
4,
IS
54
77
153
107
- 30
. 85
2014
26
114.
62
12054
30
30
76
32
-. 30
29
88
115
48 '
11
140
24
71
34
48
79
16
64
34
25
97
166
18'
27
40
23
11 '
66
27
88
71 H
38
.334
. 39
93
37-.
2714
84
113
9
73
28
90
20 .
1L .
59 -44
3S
82
13
113
8'i
SO
S'J
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124
So
92
52
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163
109 '4
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20-4
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63
50
30
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120
49
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24
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80
16
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; 97
171
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82
cago spot market, although slightly firmer.
failea to follow the recovery In futures
while St.. Louis reported a little better
demand and prices 1 cent to 7 cents
higher.- There was no export demand to
speak of for small ' grains. The upturn
in futures today Has quite natural, but
inasmuch as it was based on technical
conditions and not a change In the actual
condition, we are of the opinion that the
bearish factors will again predominate and
bring about a downward revision of prices
to a more equitable reeding basis. ,
Oats Futures showed ready response to I
the upturn in corn, easing off toward the I
finish on the weakness displayed in the
cash market. Elevator interests were
again offering oats in store free to teams ;
at May price to 1 cent over. The visible
increase of over 2,000,000 bushels was
larger than expected. The declining ten
dency should asrain be n-m m H .fTM tn-
dajrs upturn. . I
Provisions Liquidating aaVea and llsht
support featured the OMnlnr of h market.
but the strength In grain brought in buy
ing by local shorts. Selling by packers
checked the upturn. Hog movement is
fairly good and promises to Improve.
"saaintr futures ranged as follows; -f -CORN.
Onn Hf,h T
'a,y 11.78 $1.85 11.78
July 1.58 1.63 1.58
Sept.... L49 1.54 L49
. OATS.
My .i7 1.00 .97
July 85 .80 .8514
SeDt 73 .75 - .73
MESS PORir
July 33.50 34.50 33 ISO
Dt 33.23 34.50
LARD.
-Tuly.... 20 75 01 in ft
Sept.... .... 22.02 2LBO
SHORT
July.... 17.85 18.25 17.85
ePt 19.05 1152
Cash prices were: -
"''" No. 4 northern spring. $2.80.
COrn NO. 3 mi.ail .1 1,1. 1 .... n-
yellow, $1.91l.i2. '
whi"r7lN01i! U.0IS1.03; No:
ye No. 2. $2.04.
Barley $L40; 1.55.
Timothy seed I0ffll2.
Clover seed $254jpa5.
Pork -Nominal.
Lard- $20.32
fibs 17,ai18.25.
Close.
1.83
1.61
L51.
-.
.99
.87
.74
84.50
83.20
21.17
21.97
18.22
19.0S
WHY
Municipal Bonds give
you an actual larger re
turn than high yield tax
able bonds. ,
Aside from the fact that municipal bonds are classed as
among the best and strongest securities in the world,'
they also offer actual net yields that are greater than
high interest bearing corporation or foreign government
bonds. The reason is because municipals are
-z i' Income Tax Exempt
Beckuse they are not so taxed our 64 municipals give
a return equivalent to a taxable bond yielding 7.30 to
a man of a $10,000 income, or a bond yielding 8.02 to
the man with a $25,000 income. As a man's income in-'
creases so does the attractiveness of a municipal bond
grow as an investment.
iMailiiiiliiiiWI i
! l-J
A FINE
INVESTMENT
rU3 III
1- M -iri
- - - - - r
iiliiSS
NORTHWEST
MUNICIPALS
YIELD Y PER CENT
Tax Exempt.
City of Rupert, Idaho
These are special assessment lyonds (pavingrt. were bought a such and are
for sale as such.
Dated A agnxt IK. 1919. Kstimxted Matwrlrles 1921-39.
llrnomlvatloa SIOOO. Price to Ret 794.
IN these bonds Is offered the combined advantage of maximum yield, low
price, absolute safety of investment and the opportunity to put your money
to work building -up a splendid city in an unusually rich section of the
Northwest-
The Judicial Brat of Minidoka County. Rupert Is situated tn one of the
most highly developed irrigated districts of the west, where large crops are
harvested. The citv has every modern advantage in the way of improve
ments ana is very prosperous.
Principal and semi-annuai interest payaoie
Rupert City Treasury or New York.
Telephone or Telesrrapa Orders at Osr Kxpejue.
Grain at San Francises.
SAN 'FRAxnisnn M m ni .
Wheat. S.l Hti -'-.1 -..... i --
$3.40i3.50; barley, feed, $3.40'33.5O: corn.
t-antornla yellow.. $3.653.75; rye. $3.23.
Hay -Fancy-wheat hay. light, five-wire
bales. S38&41 per ton: Nn. 1 vhnni or
wheat and oat ha v. LISA? 38 Mo 9 S39a
35: choice tame, oat hay. S37ta40: other
hay, - $33 St 37 : alfalfa hiv s:tntfc:t2- at-nelr
hay, $2932; Oregon wheat and oat mixed,
$2932; No. 1 barley straw. 70c $1 per
bale. -
We Have a List of
Splendid Municipals
Rate Maturity
21-'33
37-'39
'33-'38
'26-'38
'21V30
Amonsr them are:
Adams County, Wash., Roads 6
Columbia I it. Dist., Wash. 6
tMneville, Or. (Funding) 6
Bench Canal Drainage, Wyo. 6
Cashmere, Wash., Imp 7
Yield
5.50
6.25
6
6.25
6.50
Camtm.
I OmcMiuiom
evpoctASt
Morris Brothers his
Tfio 7ramwrcMijmcwaf Jiondlhuse
SEND FOR A LIST TODAY
Seattle Peed and Hay.
SEATTLE. Wash.. 24. CStv de
livery:. Feed '.Drill. $52 per ton: scratch
feed, $89; feed wheat, $99; all grain chop,
$80; oats, (78: sprouting oats, $81; rolled
oats; $89: .whole corn, $83: cracked corn,
$85: rolled barley, $78: clipped barley. $83.
nay eastern Washington timothy, $47
per ton;- double comnresaed. S5L: alfalfa.
$48; straw. $18.
Minneapolis Grain Market.
MINNEAPOLIS. May 24. Barley,
91.63. Flax, No. 1. $4.4564-50.
$1.25
D ninth Linseed Market.
DTJLUTH. Minn., May 24. Linseed. $4.40
f4.47.
SHEEP WEAK AND LOWER
PRICES OFF 50 CENTS TO
AT STOCKYARDS.
$1
BONDS TRUSTS ACCEPTANCES
' Lumbermens Bldjj
4 mixed.
31 mixed.
35 mixed.
3 mixed.
5 mixed.
7 mixed.
20 mixed.
27 mixed.
12 mixed.
7 mixed.
1 hoir. ..
13 hou.
8 hogs. ..
20 hogs.
11 hoes. ..
14 hog's. ..
79 boss.
15.00
J 5.00
15.00
15.00
13.00
14.75
13.00
15.00
14.00
13.00
13.00
14.00
13.00
13.00
12.00
13.75
13.00
6S
14
114
58 .". A
S3 , 80 Vi
73 71 V
105U. 105i
A ","07
8214 82'
46 Vs
17 16i
.91.90 Anplo-Fr 5s . . .
-R4.50tA T ft T cv 66
Ho na 4 84.00! AtnK gen 4s 70
do 1st 4 ..85.52 U R G con 4b. 59
do 3d 4s. ..8S.50.N P 4s
do 4th 42s.. -85.10, N P 3s
Vic?orv 3VS ...06.0iPac T T 6s.
do 4s .... -.9.18 iPa eon 4s..
TJ-S 2s reS....10l IS P cv 6s
do coupon ..101 ISo Ry 6s
US 4s rcS..--105!U P 4 s ......
do coupon ..i'Muooi
an 8s reg. T7 -
U S Lib 349
do isi -s.
91 Vx
90 Vi
lorv
68
82 14
46
17
88
93
87
69
60
76
'83
94
78 ,
73
89 !n
Cattle and Hogs Are Steady and
Unchanged Liberal Re
ceipts Oxer Sunday.
There was a rood run of stock at the
yarb3 yesterday. 101 loads arriving, of
which 25 went through. Price held their
own In all lines except the sheep and
lamb divisions, where quotations were re
duced 60c Cattle were steady with a
good demand. Among the sales was a
bunch of 19 head of top grade cows, aver
againg 1100 pounds, which brought $1L
They were grass-ted. with a little hay.
and were shipped in by J. I. Wen of
Maupin. The hog market was also steady.
Receipts were 2103 cattle. 228 calves. 870
hogs and 1803 sherp.
The day's sales were as ioiiowi:
Pan
do coupon
Mining Stocks at Boston.
BOSTON, May 24. Closing quotations:
Allouez
Ariz Com . . .
Calu & Aris. .
Calu & Hecla
Centennial .
Cop Range
Kast 1JUUB .
Franklin . ...
Isle Royalie .
Lake Cop . . .
Mohawk ....
30 North Butte ... 17
Old Dnm 25
58 Osceola ........ 30
J29 Qulncy 60
11 Superior .'. 4
38 3up & Boston... 8
12 (Shannon 1
2ttah Con. ...... 6
28 Winona ....... 50
3 Wolverine 15
60 Greene Can .... 29
Money Exchange, Etc
EW YORK, May 24. Mercantile
Mnar 7. Exchange. strong; sterling 60
day bills 3.81 ; veommercial 60 day bills
on banks 3.81 : commercial 60 day bills
a ki demand 3.86: cables 3.87. -
"Francs. demand 13.52: cables 13.5a
-RciiriH-n frans. demand, 13.02: cables 13.00,
Guilders, demand 30 7-lrt; cables 36.
L.ire, demand 1 8 42 ; cables 18. 40. Marks,
demand 2.49; cables 2.50. Drachmu 8.65
New Tork exchange on Montreal 10
discount.
Sterling reacted slightly in the late deal
ings. Demand 3.85; cables 3.86.
Government bonds irregular; railroad
bonds irregular.
Time loa-ns (tone) strong; 60 . days, 90
da vs. six months 8.
Call money steady; high 6: low 6; rul
ing rate 6; dosing- bid 6: offered at t;
last loan 6. Bank acceptances 6.
Bar silver 51.01.
Mexican dollars 73fc.
- Swift Co. Stocks.
Closing prices of Swift Co. stocks at
Chicago were reported by Overbeck &
Cooke company of Portland as follows:
Swift & Co 110
Libhy. McNeil A Libby 22
National Leather . 11
Swift International 36
z1.30.
Fruit Oranges,
cording to size;
lemons, S3.25-S5;
bananas, central
May 24. 1920...
May trt. 1919...
May 27. Itl8...
May 28. 1917...
May 29. 1916...
The corn visibl
e Is
Bushels.
.37.M7.0rtO
,27. HI -V OOO
. 1.533.000
. 26,478. out
.44.801.000
3.39U.0OO
Decrease.
84 5. 0O0
6.121. OO0
;t:i.ouo
3.615.000
537.000
bushels, a
decress or 001.000 Dueheis. Oats visible.
6.S0L.0O0 bushels, increase 2.007. 0O0 bush
els. Rye visible. 10.051.000 bushels, de
crease 1.170. 0O0 bushels. Barley visible.
S,b39.0OO bushel, increase 478.000 bushels.
Strawberry Market Firmer.
Trie strawberry market was firmer and
will be higher again today. California
old at t and wUl b quoted at 4.25 this
navel. $4.50(96.50, se
vaJenciaa, 4. 50(55.50;
grapefruit, $2.50 (6-3.50;
America. 84x9c: Ha
waiian, 10c per lb.; pineapples $40 per
do7..: apples. Newtown Pippins, 3 V--tier.
3tf3.25; 4-tier, $3'3.25; 4 -tier, " 52.50
62.75; rhubarb, per box. $1.502 ; straw
berries. Peninsula and Watsonville, 60i75c
per drawer for 8-oz. bskts; 85c 1. 10
for 12-ox. baskets; loquats, 10 12 c;
avocadoee. per doz. $37; apricots, per
lb.. 12c; Imperial valley, per crate, $4.50
j:5; ciwrnes, purple Guigne, 1517c per
lb.; S2&2.25 per drawer; white, nominal;
figs, black, $2 02.50 per box; white. $2;
gooseberries, per lb., 5497c; cantaloupes,
per crate, standards, $810; ponies, $74$
8; fiats, $2.50; peaches, per box, $2. 5043.
Receipts Flour. 5646 quarters; wheat,
10 centals; barley. 8380 centals; oats, 23
centa'.s; beans, 636 sacks; corn. 3375 cen
tals: onions, 637 sacks; potatoes, 100
sacks; hay, 122 tons: eggs, 87.570 dos ;
hides, 46S rolls; oranges, 10OO boxes; live
stock, 550 head.
Coffee Market Stronger.
NEW TORK, May 24! The market for
coffee futures opened unchanged to 20
points lower under July liquidation, but
soon rallied owing to the advance in Rio
and reiterated reports of cold weather in
Brazil. There was some covering and
trade buying on the advance .which car
ried July contracts up from 15 to 15.25
and December from 14.83 to 14.98. The
close was a snade otT from the best on
some positions, but showed a net advance
of 10 to 15 points. A private cable from
Brazil sam ine mansei was firmer on
the cold weather and reports of frost but
many lota! traders were inclined to ques
tion the probability of any serious dam
age to new crop prospects. May, 15.15;
July, 15.30; September. 14.95; October.
14.93; December. January and. March.
14.94.
The local spot market w reported in
poor demand at 15 for "Rio 7s and 23
to 24 for Santos 4s.
Hops, Ktc, at New York.
NEW W'RK, May 24. Hops steady;
stste and Pacific coast. 1919. 95c$1.05;
1918. 90 995c
Uidea, wool, unchanged.
SHORTS COVER FREELY
CHICAGO CORS MARKET HAS
SHARP ADVANCE.
Wet Soil Conditions Hinder Plant
ing and This Has Bulllish
. Effect ou Trading.
CHICAGO. Mar . Reports of plant
ing delays throughout Important sections
had a decided bullish fnfluence today on
the corn market. Th. close was nervous
T4 to &4c net higher with July 11.61 tc
i 1 St and September tl.50 to tl.Sl
I iij r. finished unchanged to 3c up and
provisions varyine im ou gecim. id c
EflTTnward swings In th. Cora market, with
shorts covering freely, began almost Im
mediately after the opening and with no
liquidation in evidence, continued until
just before the close. Buying attained Its
greatest impetus simultaneously with gen
eral notice of gossip that to an unusual
.tent wet soil conditions had been
hindrance to getting "the new crop into
the ground and that the sucaess of plant
in- would in a large measure depend on
the amount di m tue ni
ten davs. .
Talk of export business in wheat and
rv. attracted attention. . -
In oats, as well as 4n corn, there Is
extensive covermg oy snort..
. Packers buying made provisions average
higher. .
The Chicago market letter received yes
terday by overoeea at uwu to. ol Port
land said:
Corn Pressure- was less pronounced
the outset sod th. market responded
readily to buying by last week's sellers.
There was no change of consequence la
the news, except that complaints of de-
laved planting were somewhat numerous.
news .as raiiier iiiieu. i ciu-
4 steers .
4 steers.
7 steers.
24 steers.
7 steers.
27 steers.
7 steers.
"!7 steers.
30 steers.
.2 steers.
1 1 steers.
22 steers.
4 steers.
1 steer. .
11 steers.
1 steer . .
6 steers.
;t3 steers.
32 steers.
41 steers.
25 steers.
4 steers.
4 steers.
25 steers.
1 steer. .
12 steers.
15 steers.
10 steers.
5 steers.
7 steers.
11 steers.
14 steers.
1 steer. .
1 cow. . .
1 cow. . .
1 cow . . .
2 cows. .
2 cows. .
1 cow.
1 cow. ..
12 cows. .
5 cows. .
2 cows. .
10 cows. .
11 cows. .
O COWS. .
2 cows. .
10 cows. .
1 cow. . .
1 cow . . .
2 cow. .
1 cow . . ,
18 cows. .
9 cows . .
21 cows. .
1 cow . . .
1 cow. . .
1 cow. ..
7 cows. .
1 cow. . .
1 COW. ..
6 cows.-.
2 cows. .
1 cow . . ,
1 cow. . ,
8 cows. .
5 cows. ,
1 cow. .
1 cow ...
2 cows. .
4 cows. .
1 cow . . .
2 cows. .
2 cows. .
2 cows. .
1 cow . .
1 cow . . .
5 cows. .
1 cow ... .
4 cows. .
1 COW, . i
1 cow . . .
11 cows. .
1 cow . . .
19 cows . .
3 calves.
10 calves.
1 calf...
1 calf . ..
10 calves.
4 calves..
2 calves.
5 calves.
I calf. . .
5 calves.
5 calves.
1 calf...
8 calves. .
1 bull...
4 bulls..
1 bull...
1 bull. ..
1 bull. ..
1 bull. ..
1 bull..
1 bull; ..
1 bull...
1 bull. ..
1 bull. ..
1 bull. ..
1 bull...
1 stag. ..
16 mixed.
17 mixed.
II mixed .
Wt Pricel
810 $10,001 5 hogs. .
73.1 B.UO'BT hogs. .
11.3 .11 1 hogs. .
11.351 5 hogs. .
1 1.35:60 hogs. .
107
1132
11 50
1125
1011
940
905
1095
1123
1012
1090
870
1128
1140
io.-
1025
1023
1075
1070
757
969
1012
.850
1133
1132
87M
705
637
1075
1053
970
890
looo
970
920
815
lOOO
130
900
940
925
105
Wt Price.
1U8 113.00
183 15.00
11.85
12.00
1
11.00
r. i
2 hogs. '. T
6 hogs. . .
70 hogs. ..
11.15161 hOBS. .. '
11.001 9 hogs...
10.251 7 hogs. . .
10.75126 hogs. ...
8.251 2 hogs. . .
10.731 2 hogs. ..
9.001 6 hogs. . .
11.2.lls nogs.
ll.tfo
11.50
11.50
11
10.00
10.501
3 hos. .
2 hogs. -
2 hogs. .
2 hogs. .
12 hogs. .
z hogs. .
11.001 9 hogs.
10.0OI
11.25
12.00
8.00
8.2i
6.00;
11.2.11
1 hog.
10 hogs. .
3 hogs. . .
2 hogs. . .
8 lambs..
8 lambs. ..
6 lambs..
12.0O3 lambs..
9.0o;l lambs..
5.00I3- lambs..
A ftn'292 lambs.
6!50tl'-'nib"
7 OOI 3 lambs..
j .-, 4 lambs..
8'.65 Jambs..
10.0O' J lambs..
8.00i- ""..
a nni 8 Iambs.,
838
875
105B
610
9U0
1015
.890
996
970
935
870
280
440
947
920
HO
795
860
970
650
750
880
1130
970
' 8S0
1000
790
1130
730
946
820
750
986
1310
977
1OR0
430
6118
1050
1100
126
79
250
110
270
135
265
196
100
188
828
3KO
, 270
720
480
710
1420
139U
1640
1630
630
1910
1450
1220
1310
1410
1070
535
640
470
12 lambs..
1 lamb. ..
1 ewe. . ..
9 ewes. ..
1 ewe. . ..
5 ewes. ..
9 ewes,
8.75
10.25
8.25
5.00
8.75
10.2
o J3 year! .
io'.bo'J2Kr;-
9.75!rS yearl
9.75
8.25
7.50
5.00
5.00
8.50
7.0O
8.00
9.25
. 6.00
6.0O
7.00
9.25!
10.50,
9.50
10.501
27 steers..
10.50 8 steers..
800 1 steer...
-50 2 steers..
4.00 1 ,teer...
10.001 g steers..
8.0O' 16 steers..
8.00124 steers..
6001 9 steers..
11. 001 25 steers..
n oun I steers..
29 yearl. . .
yearl
14 yearl.. .
6 yearl...
6 yearl. . .
3 yearl.. .
1 buck. ..
2 bucks..
2 steers..
2 steers..
1 steer. ..
1 steer. ..
2 steers..
ill steers..
1 steers..
1 3 steers..
steers..
133
386
187
242
455
125
850
200
20O
148
J 85
340
235
1S1
208
20
190
195
195
150
250
195
580
168
203
165
. 70
73
: 60
: 87
- 83
54
66
. 68
80
65
50
55
71
61
53
80
70
127
130
150
171
83
93
81
83
82
85
93
65
120
93
190
115
1065
1020
1180
820
8HO
-070
1031
1063
13.50
13.00
15.00
14.75
11.00
13.50
12.50
14.50
14.75
15.00
15.00
12.50
15.00
14.90
14.75
14.50
14.60
14.50
14.00
14.75
14.75
14.50
12.50
14.75
14.75
14.75
13.50
13.50
11.50
14.00
13.50
13.0O
14.00
1$ 50
14.00
14.00
11.50
11.00
14.00
14.00
11.00
14.00
4.00
8.00
8.O0
8.00
5.50
10.00
10.00
I. 0.00
II. 0O
11.O0
11.00
11.00
8.00
10.50
10.50
6.00
10.50
11.00
11.50
11.50
10 00
SOO
11.65
12.00
12.50
1086. 11.50
991 12.00
642 7.00(24 hogs. .. 196
530 7.6025 hogs... 243
957 9.00117 hogs. 205
1086 01.00171 hogs... 196
1030 10.001 7 hogs. .. 305
740 7.0O1 5 hogs... 172
463 7.65I 1 hog 450
461 7.00168 hogs. .. 18
795 6.251 7 hogs... 288
630 6.751 2 hogs. .. 130
320 13.001 3 hogs... 4.3
206 15.001 7 hogs. .. 2.4
151 13.50I 2 hogs... 4S0
185 15.00115 hogs. . . 125
327 13.00I lhog.... SOO
150 15.00153 hogs. .. US
187 15.001 lstag... 490
livestock prices at the Portland tocK
yards were as follows:
Best grade, pulp-fed steers
Choice steers
Oood to common steers.
Medium to choice steers -
Fair to medium steers
Common to fair steers
Choice cows and heifers
Medium to good cows, heifers
Fair to medium cows, heifers.
Cinners - - - -
Bulls
Prime light calves
M?dium to light calves
Heavy calves
Stockers and feeder.
Hogs .
Prime mixed
Medium mixed ..............
Smooth heavy ........-
Rough heavy
PUs.
Shep - -
tjambn ......................
Cull lambs
Y-aarhngs -
Wethers
Ewea
Iambs. steady. Short Teraa wetners.
.10.35; ewes. $8.50; California, ,15.75;
coats, strong; top packers. S5.2o.
Seattle Livestock Market.
SEATTLE, Wash., liar 24, Hogs Re
ceipts. 80 head; steady. Prime. $159
15.50; medium to choice, S14&15; rough
heavies. pigs, S12013.
Cattle liejeipts. 504 head: market
steady. Beef fteers, $12013; medium to
choice. $1012; common to good, $7,500
10: cows and heifers. $10,25410.75; com
mon to good, $7910,; bulls, f7.uo8.50;
calves, at.uuio.
$12.25 13.00
11.0011.50
11.O0 11.50
10.00ft 11.00
9.00(91000
8.00 9.00
10.25 r 11.00
8.00 9.00
7.O0 8.00
rv.oota 6.00
6.OO0 .oo
12 00 19 16.00
9.00 IS 12.00
6.50 8.50
7.50'tf 8.50
14.50015.00
1 4.O0 14.50
H.OOrt 13.00
10.00sr11.no
12.00 13.75
13.OOW14.00
9.00(8 11.00
9 00 it 10.00
9.0011.00
5.000 8.50
Chicago livestock Market.
CHICAUO, May 24. Cattle Receipts
18,000 head. Heavy beef steers, slow, bid
ding lower: others mostly steady, with
bulk at $11-12.75: heavy choice cows and
canners steady; other she stock steady to
strong with bulk butcher cows $8.r.0
10 50; bulk canners a"nd ctrtters. $57.40;
bulls, strong; oalvos and feeders, steady.
Hogs Receipts 47.POO. mostly 10c to 1
lower.' Top. $14.75: bulk, light, 14..W
14.15; bulk, SOO ponnas ana over.
4.25; pigs, mostly sieaay, wuu mini
siraM. at $11.6012.50.
Sheep Receipts K'.ww neaa. very siow.
holding for steady prices: blading lower;
few common lambs sold at $13.
Omaha Livestock Market.
OMAHA, May 24. Hogs Receipts 10.500
head; market slow. 10tr25o lower. Ship
ping demand light. Top, X14-Z3; Da IK.
$13.50fl4.
Cattle Receipts, wwi neaa: market ror
heavy steers, slow, lOoloc lower; best
les. $12.15; yearling ana outcner biock.
steady, veals 75c higher. Top. $12.5;
stockers and feeaers dun. wean.
Sheep R.cetpts 4500 neaa; market aun.
50a lowsr. California spring Iamb. $16.60.
Kansas City 1.1 veatoek. Market.
KANSAS CITY. Mo.. Majr 24. (TJ. S.
bureau of markets.) Cattle. 11.500 head;
better grades beef steers, steady; others.
26c lower. Choice handy steers, $12.75;
top yearlings. $13: butcher cows, steady;
yenls and calves uneven wltn stock strong.
Sheep Receipts. 15,000 head: sheep and
Eastern Dairy Produce,
NEW YORK. May 24. Butter, steady.
CTeamery hiatier than extras ftseazc:
creamery extras 61 c; first 57 o H c :
packing stock, current make No. 2, 40 Vs q
tic.
Kggs. unsettled. Storage packed extra
firsts 494Wc; firsts 44W45V.C: fresh
gathered extra firsts 44S4Jt45c: firsts
42 to 44c.
Cheesy steady. Stabl. whole mirk flats
neld specials white and colored 3132c:
ditto average run 30c. State whole milk
flats, current make speciala. white and
colored 8VO2VC
CHICAGO, May a. Butter, unsettled.
UTeamery 42 w .wc.
gs. higher. Receipts 25.7.1.) cases:
firsts 40h-41c; ordinary firsts 36&37c; at
mark. Oil Res Included 38i40c; storage
pactted 4ji"t.'Mc; storage packed firsts
Naval Stores.
SAVAKNAH, Ga.. May 24. Turpentine,
firm. $1.83; sales. 101: receipts. 224; j
snipments. bifo; stock. 1311.
Rosin Firm; sales, 889; receipts, 802;:
shipments. 1503; stock, 18.816. Quote:
ts, $14. 4U; V, rJ, f , ti. $17. 60; H, $17.65;
I. $17.70; K. $17.80; M. $18: K. $18.25;
WU, $18.50018.56; WW, 18.76919.
8.50
6. 00 1
8.25
7.00
11.00
14.001
10.001
14.00
7.00
8.00'
12.00
7.50
12.00
15.00 1
14.00
9 CIO1
6.00
8.50
6.60
6.001
7.25
7.50
. 8.0O
7.25
6 cows
1 cow . . ..
3 c.ows. ..
2 cows. . .
8 cows. . ,
1 cow. . .
2 cows. . .
1 cow . . ..
1 cow....
6 cows. ..
2 cows.
1 cow. . ..
1 cow. ...
2 cows. . . '
1 COW. . ..
2 cows. . .
2 cows. ..
1 cow ....
1 cow. ...
2 cows...
1 cow . . ..
2 calves..
4 calves..
2 calves..
8.K0I 1 bull
6.001 5 bulls. ..
8.001 1 bull
8.25 1 bull....
7.251 1 bull. ....
8.001 1 bull. v..
7.25 1 bull
6.501 5 mixed..
8.00! S mixed..
6.00 27 mixed..
7.001 4 mixed..
851
1030
11S5
940
931
-092
1174
10O4
1 1 22
1025
923
900
7R
840
957
1080
IOIO
1090
910
802
745
1030
530
919
1010
885
1050
6S0
790
640
750
220
162
185
1410
12B0
1240
850
1160
1140
1030
832
6.50
883
795
Dried Fruit at New Tork.
NEW YORK. May 24. Evaporated ap
ples quiet; California, 11014c; stats,
13 w lc.
Prunes active; California, 99 290; Ora
gons. llttu22c.
Peaches firm; standard, 17H19e;
onoice. ih02oi4,c: raijcy. ivB2ie.
GRINNELL
WhenA
Km Stmts
the Wm
Storm
10.25
11.60
ll.OO
10 00
10.50
11.60
12.00
1 1.50
12.00
11.50
10.00
IO.OO
9.00
10.50
11.00
11.00
1XAO
1O.0O
S.23
7.00
9.2
9.00
8.00
7.50
6.50
ll.OO
11.00
10.00'
8.00
6.00
6.00
15.00
15.00
15.00
8.00
8.2S
8.00
7.00
7.50
8.60
8.00
9.00
9.00
10.00
10.00
2,000 men xnH see the business
efforts of a life-time destroyed by
fire this year. The insurance
companies will return them a
part of their actual property loss,
but they can't repay them for
the equally large losses due to
lost "profits, interrupted, opera'
tions, and general demoralization.
Make your own business
SAFE witi Grinnell Automatic
Sprinklers. Ask your insurance
broker. '
GRINNELL COMPANY
of Thb Pacipic
1517 L. C Smith Building
Seattle, Waahingtoa
Toppenish
7
Washington
1 to 10-year
Serial Improvement Bonds
Denomination $200. Ma
ture serially September,
1920, to September, 1929.
Toppenish is the second
city in Yakima county. It
is the trade center for an
immenselyproductive ag
ricultural section. Three
great sugar refineries are
' at and near Toppenish.
The refinery of Utah
Idaho Sugar Co., at Top
penish cost $1,250,000.
New agricultural lands
to the amount of 80,000
acres adjacent to Top
penish have been made
available for irrigating
by the recently c o m
pleted government irri
gation canal.
Price 100 to yield 7
Income Tax Exempt.
Call or write.
mm
:w pveoa
Freeman
Smith
Camp
CO.
Harris Bloc. S69-11 Stark St.. TV. Vtfth i
Tel eon. .a Broadway BU4
OoaQuasml
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 asthe 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 frtt 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.
or NEW YORK E.M. TREAT. mesidenT
ISSUES STANDARD UHUMtTID NUCIU
R. T. MacRILL
Board of Trade Bldg Portland, Oregon
Phone Main 1179
A Diversified Investment
Seven Issues
Yield Ranging from 6 to 8.25 I
Translated into dollars and cents $7000 face value
of these securities which we have selected and
recommend would cost $6702.00 and would produce
an annual income of $470.00.
Principal thus invested would be protected by
strong security and earning power, experience and
successful management, and broad diversification
of interests. Your income of $470.00 would be dis
tributed over ten months of the year.
The short term issues included in this group are
due in a few years. Other issues distribute the in
vestment over a longer period with high income
return for years to come.
Complete information regarding each of these
issues, the properties, and their earnings, will be
sent on request for OB-305.
Aeerved latere to date of Bsirekaae to
Ve ssdri
Bonds
The National City
Company
Correspondent Offices In Over B Cities
P.rtlaad - Yen Balldi.c
Telephone Main (072.
Acceptances Preferred Stocks .
FACTS
526
LXBBT. MrVT.H.L J-IBBT.
CHICAGO.
DIVIDEND 0. A4.
Dividend at pik-ty cents ( ,rj per
snars on ins capuai bich-'k ot i,iooy, Mc
Neill A L.1by will be paid on Juiv 1. 1920.
to stockholders of record June 5. 1920. as
sbown on tne dooks ot tn. compsnv.
Stock Transfer Books will bs closed
tbe close of business June 5th. lD'u, and
reopened on July utn. llfju.
UAKSV WILLIAMS. Secretary.
A N absolutely safe six or seven per
f- is wiser than a
.A- -Jk.
investment
'reasonably safe" eigrht per cent in
vestment. It is not well to take any chance for a
difference of one or two per cent.
Qarstens & farles, Incorporated
Government, Municipal and Corporation Bonds
Third Floor U. S. Bank BIdg. Broadway 4108
REMOTE
POINTS
NEARER
Formerly It was an all
day trip to Astoria from
Portland; now, by auto
mobile, it is a pleasant
four-hour drive, and the
round trip is a day's
An tin ir. since the high
way is paved with
WAR REN 1TE
BITUUTHIC
WARREN BROTHERS
COMPANY
HALL & COMPANY
BUT AND SELL
Railroad
Public Utility
Industrial
Municipal
BONDS
TIEXJJINO
v 5 to 7
Foreign Government Loans
Local Securities
Preferred Stocks
.Lewis BIdg., Portland, Or.
a