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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 28, 1920)
THE - MORNING OREGONIAN, 'FRIDAY, MAY 28, 1920
111 WOOL DUE
Spread Between Fine and
Low Grades Narrow.
MILLS ARE OUT OF MARKET
"Details of Final Auctions of British-Owned
Stock Show Trend
TWalTs of th final auctions at Boston
f British-owned wools bav been received.
These j a os initiated the slump in the wool
market, for which th money stringency.
transportation conditions and, concellations
are held responsible.
The recession of clothing values U re
flected In the prices realized at Boston.
l! fine wools receded 10 to 20 per cent
jid low wools held their last low position.
The wide breach between these wools
has narrowed, yet it is not thought there
will be any great movement of wools in
the eastern markets for some time. There
is an extremely reluctant tendency on the
part of manufacturers to buy, caused by
cancellations coming in during; tha last
few weki. There is a growing leeling
that consumers of wool have dealers on the
run and use results of the Boston auctions
more effectively every time. Holders of
wool in many cases are chafing under their
misfortune and try to et offers of any
Reporting; the closing; auction of im
ported wools, the Boston correspondent of
the New York Trade News says:
"The final auction of th'e committee of
London wool brokers was held here this
afternoon and proved avca more disap
pointing to the auctioneers than yester
day's sale. It was figured that but 24
per cnt of tli offerings were taken today.
as compared with approximately 30 per
cent yesterday. Prices were about as they
were yesterday 10 to 15 per cent below
those of the April sale.
. Old-time wool men d ascribed today's
session as the worst thny had ever sat
through. It is almost certain that those
v ho expected to see a silver lining in the
dark cloud hanging over the wool market.
were sadly disappointed by the results of
ycaiu;day's and touay's auctions.
It vas reiterated generally, after the
salt, that fiutncitU conditions, and not th-4
puces or quality of the wools offered, were
to biame for the results described, and
that there was no wisdom in adding to
Sviieady large stocks of wool, with no im
mediate market in sight for what was on
"Today's sale started propitiously, the
very first lot being sold. But it was soon
evident that a dull afternoon was ahead.
when but tnre of the first 40 parcels were
moved. The Male began to pick up a little
on several lots of greasy super and good
merino combing bellies, and greasy, ex
super and super merino combing fleeces.
when the former from Sydney and the lat
ter from Brisbane were sold, the Pacific
Atiilst and Francis WiUey & Co. buying the
bulk of these lots.
"The only real buying of the afternoon,
however, was in scoured merino clothing
- wools, fleece pieces and locks, from Bris
bane Ueelong and Melbourne. Of the .at'
ter, 27 out of the 30 lots offered were sold
at prices ranging from 2o to tfti cents. But
these wera mostly lots of from one to six1
bales. Two lots of scoured merino clotn
ics wool from Sydney caused the first
blading of the da, and both parcels wen
to H. J. JftomA Ac Co., one fetching $l.i2.
the' top price of the sale. The only other
figure touched above $1 was for a lot of
toured Australian that brought $1.01.
TRADE LS ttKKALS 13 QUIET.
Prices iiule About Steady on .Local Grain
Only a limited demand for wheat and
the feed grains was reported. Oats bids
were unchanged on the local board and
corn ranged from the same as Wednesday
to 50 cents higher. The tone of the barley
market was firmer locally and also at San
.Francisco, ' but Chicago options were
cent or two lower.
Weather conditions in the middle west,
as wired from Chicago: ".Raining and cool
in Kansas City. Forecast (Generally fair
tonight and Friday, cooler in eastern por
Terminal receipts, in cars, were report
ed by the .Merchants' Kxchange as follows:
Wheat. Bar. Fir. Oats. Kay
Portland, Thurs... 25 2 7
Year ago 17 1 5
73; rolled oats. $7374; scratch feed.
CORN Whole. 81S2; cracked, S3
84 per ton.
HAY Buying price, t. o. b. Portland;
Alfalfa, 35: cheat. $23: valley timothy.
Dairy and Country Produce.
BUTTER Cubes, extras, 4950c per lb.;
prints, parchment wrappers, box lots, 54c
per pound ; cartons, 55c ; half boxes, hi c
more; less th;n half boxes, 1c more; but
t erf at, No. 1, 51 52c per pound at sta
tions: Portland delivery, 53c.
EGGS Buying price, current receipts,
87c. Jobbing prices to retailers: Candled,
41c: select. 43c-
CHEESE Tillamook, f. o. b. Tillamook;
Triplets, 32c; Young America, 33c; long
horns, 33c. Coos and CurrV, f. o. b.
Myrtle Point; Triplets,. nc; Young Ameri
ca, '3214c per pound.
POULTRY Hens, 3032c; broilers, 33
42c ; ducks, 40 & aOc ; geese, nominal ; tur
VEAL Fancy, 18c per pound.
PORK. Fancy, 20 21c per pound.
Fruits ana Yegewbles
FRUITS Oranges, $5.257.75; lemons,
$5.25 -& 6.50 per box: grapefruit. 3.500
per box; bananas, lOi&llc per pound;
apples, $2,75 4.50 per box ; strawberries,
California, $4.25 4. 50 crate; Oregon, $3
7 per crate; Washington, $6.50 7 perorate;
cantaloupes. $10 per crate.
VEGETABLES Cabbage, 34c per
pound; lettuce, $3g3.50 per crate; cucum
bers, S1&2.50 per dozen; carrots, $44.50
per sack; horseradish, 25c per pound; gar
1 ic, 50 60c per crate ; torn a toes, $3 per
box; artichokes, $1.50 per dozen; spinach.
oo7c per pound; rhubarb, 3(g) 4c per pouna;
peas, 1012 c per pound; asparagus, $1.75
2.25 per dozen; beans, 17ftr20c pound.
POTATOES OreRons. $707.50 per sack::
Ya kirn as, $7 (97.50: new California, 12
14c per pound.
OA lOAS Yellow Bermudas. $2.50 per
crate; white, $2.50 2.75 per crate; red,
(3.7a per sack.
Local Jobbing quotations:
SUGAR Sack basis: Cane, granulated.
24 hi c per pound -. extra C. 23. Hie; golden
C, 23 c; yellow D, 23.65c; cubes. In bar
NUTS Walnuts. 26038c: Brazil nuts.
35c; filberts, 35c; almonds, 383SHc; pea
nuts, lbtu-lec; cocoanuts, $2 pe dozen.
- SALT Half ground. 100s. J11.25 per ton;
60s. $18.75 per ton; dairy. $27.75 per ton.
RICK Blue Rose, 15c per pound.
BEANS Smail white, 7c; large white.
7c pink. 15c: lima, 13c per pound;
bayous, 114c; Mexican reds, 10c per
COFFEE Roasted, In drums, 39Q30e.
Local Jobbing quotations:
HAMS A 11 sizes. 40 8 44c : skinned. 8$
45c: picnic, 26; cottage. 38c.
LARD Tierce basis. 2oc; compound, S4o
DRY SALT Short, clear backs. 25O204
per pound ; plates, 23c
ualun Fancy. 4S56c: standard. 35 0
46c per pound.
Hides and Pelts.
RIDES Nominal, on account of unset
tled condition of market.
PELTS Dry pelts, fine and medium
long wool, 25c; dry pelts, coarse, long
STOCK TONE IS BETTER!'
GOLI IMPORTS FROM ORIENT
ARK BULLISH FACTOR.
Season to date 8431 184 3S74
Year ago 7434 10U7 2710
1'dcuina, Wed' a day tt 7
1'ear ago o ... ....
Season to date... 7033 U0 3lti3
lear ago u3U3 45 ...
Seattle, VVed'sday $ 2
Year ago 2
Season to date ...6155 247 1160
Year ago 5343 07 1307
5l7 25 JO
Specialties Are Advanced by Pools.
Liberty Bond Market Is Strong
and. Call Money Steady.
NEW TORK, May 27. Trading In stocks
today fell considerably under the recent i
average, but the undertone of the market
was steady to strong. Profit-taking and
bear pressure materially reduced many
gains at the close.
Sentiment among the professional 'ele
ment was favorably Influenced by news
of the arrival at Pacific coast points of
several large consignments of gold from
the orient. This was accompanied by re
ports thata similar movement frftm South
America may soon set in. The origin of
the gold from the far east was some
what obscured, but it Is unerstood the
metal will be applied toward payment
of the Anglo-French $500,000,000 loan ma
turing next October.
Movements of foreign exchange were
ramer contusing, rates to most or the
middle and eastern European centers re
ceding, while bills on London strengthened.
au money was again available in large
amounts at 6 per cent, but bids for time
xunas at ana 5 3i per cent evoked little
The retrograde movement In industrial
conditions was again most apparent in the
textile ana leather trades.
Pools enlivened the dull stork: mnrliMt
by ad-uancing prices of various specialties.
Sales were 625.000 shares.
Liberty bonds were distfnctrv itrnnr.
also French municipals. The general do
mestic list tended upward. Total sales,
par value, $16,500,000. Old United States
fonoa uncnangea on call.
CLOSING STOCK QUOTATIONS.
Ratal TTInt, V C-.IA
Am Beet Sug. 600 90 91 i
Am Can 9 (Hi 33 38 38
Am Car & Fdy 2,400 137 134
Am H &. L pfd 1,300 I85i 18
Am Int Corn.. 1KK ft 5 fis U,
Am Loco 2L:;00 97 'i 94 W
Am Sm St Rig l.OoO 6i 60
Am Sugar 600 127 126
Am Sum Tob. 600 88 87
Am Tel & Tel. S00 9314 92
Am Tob Sec .. 1.900 n:t
Am Woolen .. 10,5041 98' 95 Vi
Anaconda COD 3.300 57 5i 56 7i
A tc h iso n 2,300 80 7 8 W
A G & W I S S 3U0 364 1 62
Baldwin Loco. 46.500 113 112
Bait & Ohio.. 2,100 32 30
Beth Steel B.. 13,200 90
B & S Copper. 300 23 Vi 23
Calif Petrol .. 3O0 2Hr4 2 14,
3.200 116 115
4.8(H) 66 65
7..V.O 132 329
1.6UO 32 31
Central America. 89c; Hawaiian, 10c per
iimeappifo, j o per aox. ; apptes,
town Pippins. 3 U -tier. SS&JlSt 4-tiei-
$33.50A 4A-tier. S2.50Q2.75: rhnh-rh.
per box. $1.50 2; strawberries, Peninsuia
and Watsonville, 60 70c per drawer for
8-ox. baskets; 75c$l for 12-ox. baskets;
loquats, 1012c; avocadoes, per doz., $3
7; apricots, per pound, 15020; Imperial
valley, per crate, $44.25; cherries, purple
Guigne, 815c per lb.; $22.25 per draw
er; white, nominal; figs, black. $1.502.25
per box; white. $1.502; gooseberries, per
lb., 7c; cantaloupes, per crate, standards.
$88.50; ponies, J67; flats, $2.50;
peaches, per box, $2.252.50; watermelons,
12 He per pound. ,
Receipts Flour, 10,332 quarters; barley.
4043 centals; beans, 610 sacks; corn, 294
centals; potatoes, 500 sacks; onions, 1049
sacks; hay, 110 tons; wool, 556 sacks;
butter, 610 centals: eggs, 85,080 dozen;
cheese, 95 centals; hides, 20 rolls; oranges,
IOOO boxes; raisins, 3596 boxes; livestock.
HOES QUARTER LOWER
BtrLK OP SALES AT $14.50 AT
Hops. Wool, Etc.
HOPS 1019 crop, Jl per pound; 1910
contracts, toe; three-year contracts, 4oc
MOHAIR Long staple, new clip. 35c per
TALLOW NO. -U llOl-c; NO. Z, IOC
CASCARA BARK Per pound, old peel.
12c: new peel, 10c per pound.
WOOL, Eastern Oregon, nominal; valley,
medium. 35c per pound.
UKA1N BAOS Car lota, 21c, coast.
LINSEED OIIj Raw, barrels, $1.98; raw,
drums. $2.05; raw, cases, $2.13; boiled, bar-
rels, $2; boiled, drums, $2.07; boiled, cases,
TURPENTINE Tanks, $2.28; cases,
COAL Oil. Iron - barrels. 14i4J17c;
cases, 27 1& 34c. :. t
GASOLINE) Iron barrels, 27c; tank wag
ons, 27c; cases, 39c.
FUKL OIL Bulk, $2.10 per barrel.
CORN IS GIVEN UPTURN
"KVS OF AUSTRALIAN CROP
FAILURE AFFECTS MARKET.
Wheat Yield There May Xot Be
Enough for Home Consumption.
Oats Are Weaker.
Chi M. & St P.
Chi & N' W
Chi R 1 & Pac 17.2O0
Chino Copper. 300
Col Pti & Iron S00
Corn Products 8,100
Crucible Steel. -'1.400
CSba Cane Sug 2,200
Gen Electric.. 200
Gen Motors . .. 19.20O
Gt No pfd . . .. 4.0OO
Gt No Ore ctfs 1,900
Illinois Central 400
lnspir Copper. 1.600
Int At M.pfd.. 100
Inter Nifkel.. 3.700
Inter Paper ... 7,000
K C Southern. 100
Kennecott Cop 800
Mexican Petrol 14.700
Miami Copper. 700
Mid States Oil 9.000
Midvale Steel. 1,200
Missouri 'Pac. 5,100
Montana Pow. 100
Nevada Cop.. 500
N Y Central .. 3.700
N Y N H & H 3.200
Norf & "West. 5O0
Northern Pac. 3.400
Ohio Cits Gas. 2,M0
Ok P & Rfg .. 2.700
Pan-Am ret.. 25,800
Pennsylvania . 1.600
Pitts & W Va. 800
Ray Con Cop.. 5i0
Rep Ir & Steel 13.500
Royal Dutch.. 6.1O0
Shat Ariz Cop 00
Shell T & T . . 800
Sin Oil & Rfg 20.4O0
Southern Pac. 8,100
Southern Ry. . 5.44)0
S O of N J pfd 2. lou
Studebaker Co 26.7O0
Texas Co 7.200
Texas & Pac. . 10.700
Tobacco Prods 2.50O
Trans Oil 1.200
Union Pacific. 3.000
U S Fdl Prods 6.300
O S Ind Aico. 4.800
U S P-etl Strs 2.400
U S Rubber .. 6,200
U S Steel 51.300
. 64 T4
Coffee Futures CIom Higher.
NEW YORK. May 27. The market for
coffee future, opened mt a decline of five
points under further scattering liquida
tion promoted by the rather irregular
showing of Brazil. There wu not much
pressure after the decline of the past
two days, however, and tha market firmed
up later, owing to the strength of ster
ling exchange, the better tone of stocks
and cotton and covering by belated May
shorts. July sold up to. 15. 20c and Septem
ber to 14.89, or 18 to 24 points net higher,
and the market closed at a net advance
of 12 to 22 pounds. Closing bids: June.
15.10c; July, 15.18; September. 14.81c;
October, 14.84c: December, 14.79c; Jan
uary, i4.swc; March 14. sic.
Spot coffee quiet; Rio 7a. lK14e; Santo.
4a, 23 fa 24 14 c.
Seattle Feed and Bay.
SEATTLE, Wash., Slay 27. City deliv
ery ; Feed mill. $o2 per ton; scratch feed.
$89; feed wheat. $89; all-grain chop, $80
oats, $75; sprouting oats, $81; rolled oats.
$80; whole corn. $83; cracked corn. $85;
rolled barley, $tt; clipped barley, $83.
Haf Eastern Washington timothy,
mixed, $47 per ton; doubl. compressed.
$51; aiiaiia, $4i; straw, lis.
' -. 24
.' 42 14
74 : .32
Eastern Dairy Produce.
CHICAGO, May 27. Butter lower; cream
Eggs Higher.' Receipts 29.444 css";
firsts. 3940c; ordinary firsts, 3714 3614c
at mark, cases included, 37 39c; storage
packed, extras, 48c; storage packed, firsts,
XEW TORK, May 27. Butter, rcnwt
tied; creamery higher than extras, 59
60c; extra, 50c; firsts, &558c; packing
stock current make No. 2. 4014 0410.
Eggs Irregular; storage packed extra
firsts, 4546e; do firsts, 43 14 0 45c ;
fresh gathered extra firsts, 43&44c
do firsts, 4142'4c
Cheese Irregular, unchanged.
SAVANNAH, Gil, May 27. Turpentine,
firm. $1.75; sales, 9V; reooipts, 174; ship
ments. 360; stock. 2o3x
Rosin, firm: sales, 819; receipts. 413;
shipments. 3638: stocks. 14,870.
Quote: B. $13.80&14; D. $L7.SrMT.45;
E F H, 17.45'il7.55: I. SI 7.50 17.55: K.
$l7.55t17.70: M. $17.85017.90: N, $18.10
18.15; wu, $i.w. ww. i.oofl.Ls.tK.
- NEW TORK. May 27. Copper and Iron
Tin Spot. 52c; June 51.25c; July, 51c
Lead firm. Spot and May. 8.85c. asked
- Zinc quiet. East St. Louis spot, 7.40
7.70c , , .
. ' New Tork Sugar Market.
NEW YORK, May 27. Raw sugar weak.
Cfeatrifugal, 22.07c; refined, steady; fine
granulated, 21.50 26c.
Dried Fruit at New Tork.
NEW TORK, May 27. Evaporated ap
pies quiet. Prunes firm. Peaches steady.
Sheep and Lambs Are Steady at
Previous Quotations Cattle
Prices Unchanged. '
The sheep market became steadier yes
terday and sale, were readily made at
the previous day, prices. Hogs, on the
other hand, weakened and prices
dropped a quarter with the top at $14.75
and the bulk of sales at $14.5. The cat
tle market continued steady la all part,
of the list.
Receipts ware: 20 cattle. 11 calves. 57
hogs and 841 sheep.
The day. sale, were as follow.:
Wt. Pricei wt. Price
1 steer. 680 t 9.501 5 lambs. 50 12.50
1 steer. 690 9.501 3 lamb.. 66 13.25
1 steer. 930 11.251 8 lambs. 63 13.25
1 steer. 850 11.20 36 lambs. 64 13.5.0
4 steers 1022 11.25 28 lambs, 78 13.73
lcow.. 930 9.25 65 lambs. 67 13.50
1 cos. , 930 . 11. 0O-65 Iambs. 67 13.50
lcow.. 1030 9.25 32 lambs. 61 11.00
lcow.. 930 8.00' lit lambs. 70 11.00
lcow.. 640 7..W40 lambs. 73 13. no
lcow.. 670 8.00 17 lambs. 55 9.00
lcow.. 800 5.001 7 ewe... 124 5.50
lcow.. 960 10.25120 ewes. . 150 6.0O
lcow.. 880 8.501 lewe... 110 8.00
lcow.. 1210 9.25113 ewes. . 139 6.0O
lcow.. 920 8 50l3ewes.. 113 8.00
lcow.. 950 7.0O 3 ewes. . 173 6.O0
lcow.. 1O.10 8n3ewes. . 120 SOO
lbull.. 1520 7.751 lewe... 150 9.00
lbull.. 3 520 7.751 2 ewes.. 130 7.SO
lbull.. 1170 8.50I16 ewes. . 112 8 00
1 stag. 960 9.50110 ewes. . 130 fi.00
6hogs. 341 12.501 lewe... 90 5. On
2 hoes. 330 13.50 IT ewes. . 95 4.O0
lhog.. 130 12.50 1 wether 120 8 50
6 hogs. 120 12.V 1 buck.. 150 5.00
lhog.. 200 14.50 2 bucks. '145 8.50
lhog.. 310 14 OO 1 buck. . 200 5.50
2 hogs. 225 14. 50 lcow.. 810 7.00
5 hogs. - ISO 14.60 lbull.. 840 8.00
2 hoas. 470 1 2.00 lhog.. 420 12.50
8 hogs. 203 14.50 57 hogs. . . 28 14.50
lhog.. 310 3.50 5 hogs.. 170 14.50
14hogs. 232 14.50 4 hogs.. 3O0 13.75
4 hogs. 195 14.50 3 hogs. . - 123 13.no
2 hogs. 240 14.501 4 hogs. . 195 14. SO
14 hogs. 2SO 14.501 7 hogs.. 228 14.50
5 hogs. 17 14.50i.S6 Iamb.. 77 13.50
6 hogs. 205 14.501 4 lambs. 60 11.50
2bogs. 430 12.0O1T1 Inmbs. 72 13.50
14 Iambs 44 9.0OJ 7 lambs. 6-8 13.50
7 lambs 71 13.0OI 27 lambs. 59 11.50
3.1 lambs 70 1 3 2.H 29 lambs. 59 11.50
15 lambs. 79 $13.25
lng classes and atockers ana feeders most- T
Sheep Receipts '8500. strong to "25c '
higher. Spring lambs. $16? 17.25; shorn
lambs, $1516: best ewes. $9.25.
Seattle Livestock Market.
SEATTLE, Wash., Mar 27. Hogs Re
ceipts 180, steady. Prime. $ 14.50 4J 15; me
dium to choice, $13.50914.50: rough
heavies. $12.5013: pigs, $11.5O12.50.
Cattle Receipts 220. steady. Beef steers.
S124T13; medium to choice, $1012; com
mon to good, $7.50 910; cows and heifers.
$10.25910.75; cmomon to good, $7 10;
bulls. $7.50 8.50: calves, $7.50 16.
Kansas City Livestock Market.
'KANSAS CITY, Mo.. May 27. iTS. S.
Bureau of Market a) Cattle, 3500; best
steers steady: bulk, $11 11.75: no choice
stock offered; fat she stock and yearlings
slow and weak; veals and calves steady;
bulk good and choice veals, $11.7512.50.
Sheep. 3000; spring lambs mostly 25c
higher; 57-pound California lambs. $15.25;
1200 Texas wethers, $10.
I i.n iiiiyiiMiiiiuiiiasiiii v m i a
! ' W'
ill GT..JF ,
Livestock prices at the Portland stock
yards were as follows:
Best grade pulp-fed steers. . . $12. 25 1 3.00
n. oo 11
8.00 Hi 9.00
- 7.0Oiffl 8.00
5.00'S 6. on
12.00 IS) 15.00
Oood to common steer. .....
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
Prime light calves .........
Medium light calves ......
Storker. and feeder.
Prime mixed 14.WKai4.75
Medium mixed 14.O05M4.K0
Smooth heavy 11.0012.75
Rough heavy 3 0.00 i 1 1.O0
Lambs I3 00ffl13.50
Cull Iambs , 9.0015 11.00
Wethers 7.00fr 9 00
Ewes 3. 00- 8.00
Chicago Livestock Market.
CHICAGO. May 27. Cattle Receipts
8000, beef steers steady to strong; early
sales $11.25(313.10: all other classes most
ly steady; bulk vealers, $12.50& 13.50: few
lots at $14; good bologna bulls, mostly
$8.50: bulk she stock, $8.5O310.
Hogs Receipts 28.000, mostly 25c
ASTORIA, Or May 27. (Special.) ?Sn": p,act"s f""n J. 1 'Z . ..
The 10 cases of bonded whisky liiiu,,. 1A. h,fiv -so h.
which were seized on the barge i $t4!s50 14.75; pigs' 25c higher with bulk
cnanes rv. ivenney at westport aoouc
two years ago were publicly de
stroyed by Sheriff Nelson thii afternoon.
HIGHWAY WORK IS RUSHED
County Court Will Apply lor More
Paving This Summer.
ALBANY, Or.. May 27. (Special.)
It is expected that the work of paving
the Pacific highway northward from
Albany to the county line at Jeffer
son will be completed by July 1. The
county court will make application
to the state hijrhway commission for
paving the highway southward from
Albany to a point beyond Tangent
The grade of this section was pre
pared last year. The court plans also
to prepare during the summer the
grade between Tangent and Shedd.
School Principals Appointed.
ALBANY, Or., May 27. (Special.)
Professor O. D. Byers, who has
been a principal in the Albany public
schools the past few years and is
now principal of the Junior high
school here, has been elected princi
pal of the high school at Indepen
dence. Professor Oscar B. William
son, who has been principal of the
Madison school here the past year,
has been chosen principal of the Ju
nior high school at Kelso, Wash.
Veterans Talk: at Albany.
ALBANY, Or., May 27. (Special)
Talks with reference to the observ
ance of Decoration day and reminis
cent of the civil war were made in all
of the public schools of Albany yes
terday. Cyrus H. Walker. W. P.
Small and John Catlln. chief of police
of Albany, were the speakers for the
Grand Army, and Mrs. Small and Mrs.
Peacock for the Ladies ol tne brana
Army of the Republic
Exempt Frm Vedral l.e
Shoshone County, Idaho
Clarkia Highway District
To Yield 6 Per Cent
These Are Dated September and October, ibis, and Are Die Serially 19S9
Denomination $1000. Price to Net 6
THE.SE are for the purpose of further fmpro-vingr one of the finest dis
tricts of the Northwest. They &re a peneral obligation bond and offe "
a. splendid investment
Principal and semi -annual Interest payable la IT. S. gold coin la e
Tork or at Morris Brothers, Inc.
Telephone or Telesrapa Orders at Out Erycite.
Morris Brothers us
ho rPr9tntercMiauctoaJ Sond'House
Morris Bids:- ZOB-11 Ktmrk Bt.. Bet. Fifth and Slit
leleohnas Uroadwar tUl
Ten Cases of Whisky Destroyed.
Bid for Wool Refused.
ENID, Okla., May 27. Only one
offer of 20 cents a pound was forthcoming-
when 10 carloads of wool
were placed on sale here today under
the agency of the Oklahoma Agricul
tural college. The bid was refused.
BETTtK DJtvMANO FOB CLBK BITTER
2kk& Hard to Sell at Present Quotations
- Poultry Lower.
The cube butter market was firmer and
ales of extras at 60 cents were reported.
io change was made in the price of prints.
The demand for eggs fell off decidedly
and the market was weak. Huyers con
tinued to pay country shippers on the basis
of 37 cents, case count, delivered, but un
less outside orders come in this price may
be reduced today.
Receipts of poultry were Tery large, es
pecially of hens, and with the large buyers
filled up. the market was weak and lower
at 30 32 cen ts. Coun try dressed meats
vera also weak.
Strawberry Market Is firm.
Hood River strawberries sold on the
street yesterday at $7 a crate and White
Salmons brought the same price. Good
southern Oregon berries moved at J56,
while soft tots went as low as $3 Califor
nia berries were firm at $4.25 4. 50 and
today they will be offered at $4.504.75.
Small quantities .of cantaloupes are ar
riving and pony crates sell fairly well at
J.a. B. Kiemer Resigns.
I. B. Ziemer, who has seen eight years
service in the office of J. r. Mickle, Ore
son dairy and food commissioner, has re
signed to engage in private business. Mr.
Ziemer held the position of creamery and
cheese factory inspector His successor has
not yet been appointed.
Bank rlearings of -the northwestern cities
yesterday were as follows:
Portland $4.UM,4S4 "64 7,"l!
Seattle 0,013.417 1.545,630
Tacoma 7t4.tJS0 90.3J4
Spokane l,74tf.585 671,565
PORTLAND MARKET QUOTATIONS
Grain. Flour. Peed, Etc
Noon tension, Merchants Exchange.
Oats May. June.
No. 3 whtte feed $70.00 $70.00
No. 3 Blue 67.50
standard teed 66.50
No. 3 yellow 75.00
Ka stern grain, bulk:
No. 3 yellow 70.50 73.50 71.50
WHEAT Government basis. $2.20 per
FuOUR Family patents, $J3.T5; bakers'
bn rd wheat. 1 3. 75 ; best ba kers paten ts.
$13.75; pastry tlour. $11.80; graham.
sii.oo; whole wheat, H.Sj.
MII.LKKED Prices, f. o. b. mill: Mill
run, $54Qo5 per ton; rolled barley. $72 O
CHICAGO, May 27. Disaster said to
have been suffered by the Australian wheat
crop as a result of drouth had a notable
bullish influence today on the corn mar
ket here. Closing prices of .corn, how
ever, were unsettled, varying from 1 c
net decline to 1 fee- advance, with July
91.08 Vs to $1.68Si -and September $1.55
to tl.56H. Oats, finished c to lVjc
down. In provisions the outcome ranged
from 40 cents decline te a rise of iiV cents.
Reports that the Australian wheat yield
would not amount to enough for home
consumption attracted, special attention as
apparently meaning tne second successive
virtual crop failure in Australia. The in
ference was drawn that, except Argentina,
the only real competitor of North Amer
ica as an exporter of wheat had thus been
Ideal weather . for -growing- tended to
favor the bears in oats.
. Provisions we're neglected and most of
the tim ruled heavy.
The Chicago market letter received yes
terday by Overbeck & CooJTe"Co. of Port
land, said: ' - "
Corn It was an active and erratic mar
ket all day, extremely sensitive to buying
and selling orders. A wave of selling im
mediate; y after the opening influenced by
good weather brought about a sharp de
cline, which, however, was ended abruptly,
and the market rebounded, to the highest
prices -' reached since the recent decline.
The news 'developments were as conflicting
as the action of the market. In favor of
longs was - a cable reporting extensive
damage to the Australian wheat crop,
higher cash prices and disappointing re
ceipts, while on the other hand, there
were persistent advices from country
stations qf heavy loadings of corn des
tinued to this market. The car situation is
said to be showing a material improve
ment. Planting is progressing rapidly un
der favorable conditions. Labor troubles
were reported at Philadelphia. The- im
immediate problem is largely a question
of pit conditions, with the outlook from
supply and demand, viewpoint in favor
of those operating oh' the short side.
Oats With the exception, of one upward
spurt In sympathy with corn, oats dis
played a lagging tendency throughout the
session and futures closed lower in face of
a strong cash market. The buying side
Is not very attractive at tta-e quoted level
of values and a new incentive seems nec
essary to sustain prices.
Leading futures ranged as follows:
Open. High. . Tiw.
May Sl.tKS5s l.l5 l.yr
July 1.64 1.7274 1.67
Sept.... 1.504 1.09 1.55
May.... 1.06 1.0 1.03T4
July fMSfe .2H
Sept .... .TO "4 .? 1
July 35.10 34.05
Sept.... .... 3o.5 3a. 4 a
July.... 21.36 21.05
Sept....- 22.10 22.20 21.15
July 18.50 18.no 1S.30
Sept 10.25 1S.10
Cash prices were:
Wheat No. 2 hard, $2.90; No, 2 north
e.-n spring. 92.95.
Corn No. 2 mixed, 91.97 0 1.09; No '.
Oats No. 2 white, $1.10 1.12; No. 3
Rye No. 2, $2.174 2.18.
- Barley $1.551.65. .
Timothy eeed $1012.
Cler cd $25o5.
Ribs ? ?.25 18. 25.
Grain at 9an FrancU
SAN FRANCISCO,, May. 27.- rain
Wheat $3.66 2-3 per cental; oats. red.
$3.4O3.50; barley, feed, $3.40&0; corn,
California yellow, $3.653.75; ry, $3.25.
Hay Fancy wheat hay. light, five-wire
bales, $3$ to; 41 per ton; No. 1 Wheat or
wheat and oat hay, $3538: Ncs 2. $32 9
35; choice tame oat hay, $37(40; other
hay, $33&37; alfalfa hay, $30 32; stock
hay, $20q32; Oregon wheat and oat mixed,
2y32; No. 1 barley straw. 70cd$l per
IT S Lib 34s. ..91.60nglo-Fr 5s ..98 9-161
do 1st 4s ...-86.30IA T & T cv 6s.. 94
do "d 4s 86.00(Atcb gen 48 ... .24
do 1st 44s. . -87.101D & R G con 4s. 60 K
do d -4?ks...SG.40iN Y C deb 6s.. 874
do 3d 4HS...00.70!N P 4s 71
do 4th 4s...87.14N P 3s ........
Victory 3a . ..96.12Pao T & T os.
Vdo78 96.10iPa con 4V.S ... 83
U S 2s reg 11 IS P cv 5s 964
do coupon ..10l (So Ry 5s 80 4
U S 4s reg 104'U P 4s . .... ...
do coupon . .104fcl7 S Steel 5s.... 90 &
Pan Ss reg 77 .
do coupon . ..77 t Bld.
Mining Stocks at Boston.
BOSTON, May 27. Closing quotations:
Ariz Com 104'North Butte... 184
Calu & Ariz 59 lOld Dom -6
Calu & Hecia. .334 Osceola ........ 40
Centennial 12 (Quincy 54
Cop Range 40 Superior , 5
riSuD & Boston.. 4
Franklin 2;Shannon ....... lji
Isle Koyalle ... 294! Utah Con 6-fc
Lake Copper... 3iWinona 5o
Mohawk 61 jWolverine lto4
Money, Exchange, Ete.
NEW TORK. May 27 Time loans.
strong; all dates, 84 per cent.
can money oteauy. ni". -v
low, 6 per cent; ruling rate o per cent,
olosing bid 7 per cent; offered at 7 per
cent; last loan 7 per cent.
Bank acceptances, otfc per cent.
Kxchange Demand sterling. $3.87 &
Francs, 12.6512.67. Lire, lb.68. Marks.
02s43-O'2i5. iJeLgittm, a-.v-.
Mexican dollars 78c. .
LONDON. May 27. Bar sUver, 50 d
Money o 'A cent.
Discount rate Short and three months
bllle, 6 per cent.
Swift ft Co. Stocks.
online- nrlces of Swift & Co. stocks at
rhicneo were reported by Overbeck &.
CnnkA comoany of Portland aa follows-:
Swift & Co 110
Libby. McNeil & Libby 23
Vatinnal. leather 114
Swift International 37
SAN FKANCISCO PRODUCE MARKET
Price Current on Vegetables, Fresh Fruits,
Etc.. at Bay City.
SAN FRANCISCO, May 27. Butter
Eitra crrade. 544c; extra firsts, 53V.c.
Eggs Fresh extras, 434c; tirsts, 404e;
extra puliets, a c; unaereixeu, ix c
V Poultry California hens, large, 36 39c
small, tft&itic; sinciiy young roosters.
45u;48c for good; old, lii9c; fryers, 40
45c ; broi lers, large, 35 -ft 37c ; small. 30 tfj
R-itri t-epge. ner lb.. 3Uai3lic: ducks. 26d
2Uc ; pigeons, per dozen. $2.50 in 3 ; aquatw.
55fi60- per lb.
Vegetables Beans, winter, 79c; Ken
tucky Wonders, 912c; wax, 810c; per
lb.; bell peppers, per jd., tiuc ror small;
!5(S20c for large; Chile. 1525c; tomatoes.
Mexican, nominal; southern California
fancy, $2.503; green, $1.502; potatoes.
rivers. SS.-a'tf s.ia per cental; setten Oenu
$7.758; while, 89c; onions. Crystal
White, $1.502 per crate; new red. $2.50
3. Australian brown, per cental. .607
cucumbers, natural growth. $22.25; hot
house. $2.50(2)2.75 per box; artichokes, $50
8 per large crate: lettuce, $1.50 1.75 per
crate; asparagus, bqp&c: fancy graded, 9 0
10c: green asparagus, voc; green onions,
$2 4? 2.25 per box; ceiery, per crate, f-w
fancy. $4(8' 6; peas, per lb.. S5c: carrots.
$2.50 3; beets, $1.75(2 per sack; summer
squash, per crate, $1.25 1.60; Italian.
KruiC Orangea navel, 4i?yB.T5, ac
cording to size: valenoaa, $4.5005.50: I em
ons, $3.2505; grapefruit, $23.50; bananas.
Minneapolis Grain Market.
MINNEAPOLIS. May 27. Barley. $1.25
ail.62; flax. No. 1. $4.08 c& 4.13.
I B 1 1
5'WsiC Tsn wl Fries list
SULLIVAN NICE & WOOL CO.
1U Front St.
Sheep Receipt 1?.X0, Iambs steady to
23c higher. ' Sheep unevenly lower; choice
California shorn lambs, $17.50: good handy
weight, shorn lambs, $16.50; choice fat
-'Phone your want ads to The Orego
nlan. Main 7070, Automatic 560-95.
REWARD for MERIT
. As a f esult of ten years'
experience with War.
renite - Bitulithic on the
main streets, the munici
pal aut-horities of Twin
Falls. Idaho, recently
, awarded a contract for
improving 277 blocks, ag
gregating 291,000 square
' ,-ards, for 2-inch Warren-
He Bitulithic on a 4-inch
cruphed-rock base. Wher
ever it has had the op
portunity of demonstra
tion, the material desig
nated for further im
provement will invari
Omaba Livestock Market.
OMAHA, May 27. Honrs Receipts 11.
0OO. unevenly I0i5c higher. Top. 14. 50; j
bulk. J13.ti.e 14.15.
Cattle Receipts 3500. heavy steers dull.
weak. Yearlings and handyweiKht steers
steady to 15c higher: -top yearlings. l-'.75; i WARREN BROTHERS COMPANY.
bulk of Meer. 1.R))r13.4A: other, kill-'
.i -. (i zr. - . . nrwt tr- ...s
i;i-b -tr-fW. vt, -tn'iii&t jSJ'H Jf g-jj .frra- H t ft . : ijer-i: 3Hro3f-3:J
The merld-f amem
Palace tf Justice at Brussels a menumtnt
tt the Belgian spirit of itaiiJity and prcgresf
Belgium's Amazing Progress
Belgium is an inspiring example of
the quick recovery of a war-torn
country. Commerce, industry, trans- '
portation, and finance the founda
tions of a nation's wealth are being
rapidly restored to the normal. ,
Belgium is at work. Belgium is pro
ducing. - Her industries are, on an
average, operating at about 75 per
cent, of their pre-war capacity. Coal
production is keeping pace with the res
toration and expansion of her factories.
Belgium's commercial progress is re
markable. Her exports to Holland,
France,-Italy and Germany now sur
pass her imports. With England, she
is approaching a balance of trade. By
the endof 1920 it is expected that
Belgium will -have the advantage of
a favorable trade balance.
Belgium is one of America's best cus
tomers. She is already buying from
us as much as before the war.
Belgium's railroads, destroyed by the
war, have been practically recon
structed, and freight and passenger
traffic are moving freely.
The highly cultivated lands of Belgium
are again producing their crop-quotas.
Belgium is nearly on her feet finan
cially. Under the Peace 'Treaty she
has a prior claim of 2,500,000,000
francs on the German indemnity.
This Company's ofHce in Brussels was
established to be of the fullest possi
ble service to both American and
Belgian interests during the work of
rehabilitation and in the greater ac
tivities of the future.
Guaranty Trust Company of New York
New York London Liverpool Paris Havre" Brussels
Capital and Surplus $50,000,000 Resources over $800,000,000
Abnormal conditions follow wars, causing; high in
terest rates. We counsel the purchase of long-term
securities that are now selling well below their former
prices, thereby insuring high interest yields, even
after the return of pre-war conditions.
Now Is the Opportune
Time to Buy
INCOME TAX EXEMPT
THESE ARE A FEW WE OFFER YOU:
Power Co. Hgh. Dist Idaho.
Columbia Irri. Dist., Wn. . . .
Milton, Ore., Imps
Adams. Co., Wn., Roads
Prineville, Ore., Funding ...
Let us assist in
selecting: your bonds.
Lkdcf- SnptTvisUq, Proton 5tate Uankin Popart m en . .
Bonds, Trusts, Acceptances
Western Rubber Company;
OF TACOMA, WASHINGTON
PORTLAND BRANCH OFFICE:
903 N. W. BANK BUILDING
The Western Rubber Company Is a pioneer In, th manufacture of
automobile tires and tirbes on the coast. There is an excellent trade
already developed in the Northwest, and we are at the front door of
the Orient for the. trade" that Is sure to develop there. This company
is on the eve of commencing operations. You have the opportunity
to invest in Its stock now, as people, who have made their fortunes In
rubber stock, did when the older companies first started in the east.
Our plant in Tacoma. in point of equipment, is second to none for its
size In the whole country.' We have a capacity now of 750 tires and
1000 inner tubes per day. Fix those words in your memory, THE
SOUND TIRE, for that is the tire you will use.
"Four name- and address on the following lines, mailed to 90S
Northwestern Bank Birilding, Portland. Oregon, will bring a booklet to
you giving full particulars concerning this investment. It will cost
you little to find out.
Street No. .
City or Town . . .
Canadian Provincial Bonds
TO YIELD 7.50
$11,000 Province of Alberta 5s 1922 95.02
$ 8,000 Province of Alberta 6s 1923 96.03
$ 2,000 Province of vBritish Columbia 5s 1925' 90.31
1,000 Province of British Columbia 4s.' 1925 86.68
$ 3,000 Province of Manitoba 5s .' 1923 93.40
$17,000 Province of Saskatchewan 6s 1924 94.90
The above listed securities are payable in gold in the United States,
and are general obligations of the respective Provinces.
Blyth Witter. & Co.
UNTIED SlftTES GOVERJOlEirr MUNICIPAL A1U CORPORATION BONDS
YEON BUILDING PORTLAND, OREGON
Telephone: Main 3304.
San Francisco Seattle New York Los Angeles