TIIE MORNING O REG ONI AN, WEDNESDAY, JUEY 21, 1920
19.
1UTPUTDFSUGAR
SLOVy
IT KGREASHG
Acreage Is Larger in This
Country and Europe.
BEET PLANTING IS HEAVY
Government Sugar Expert Says
That Despite Larger Production,
Prices W ill Xot Fall Much.
16, held In Chicago on July T, rec
ommended to the local Merchants Ex
change that "in connection with the trans
portation problem which confronts the en
tire trade. It is suggested that all mem
bers of your organization co-operate to
the extent of their ability in improving
the present intolerable conditions. Great
assistance can be rendered through the
prompt unloading of cars and hteir re
turn to the originating railroad. The
chairman of the general committee is
anxious to receive suggestions which might
lead to the -betterment of the conditions
now confronting all handlers of grain and
grain products."
Bank Clearings.
Bank clearings of the northwestern cities
yesterday .were as follows:
Clearings. Balances.
Portland $5. it 67. 158 $1.2.7.G75
Seattle ti.(!2t,311 1.419.173
Tacoma 1.1S3.G77 183.825
Spokane . . . . . 1.571.400 393. 431
PORTLAND MARKET QUOTATIONS
Grain, Hour. Feed.
Sugar production throughout the world
la increasing, but the gain has not been
large enough yet to have much effect on
the world's markets. In commenting on
the crop in this country. Dr. C. O. Town
send, sugar expert of the department of
agriculture, says
"The United States at best grows only
Co per cent of Its needs. This year sugar
planters planted one of the largest beet
acreages In history and the cane plcnted
is about the usual acreage. Beets planted
for sugar this year total 000,000 acres, i
Last year the sugar crop fell short more
than 20 per cent of the estimated total.
Under conditions that prevail this year
the loss should be less than 10 per cent.
This large acreage and good conditions
will .not lower the price of sugar, but it
will probably make sugar easier to pur
chase.' One of the interesting developments in
the sugar situation' this week is the re
port that there is a slight increase In
European acreage, which will be about
13 per cent over last year. According to
Frank C. Loughry, who reviews the gen
eral 'sugar situation in his weekly bulle
tin, advices from Czecho-Slovakla Bhow
an Increase In the acreage in that repub
lic of 27,1)27 acres. The Increase in the
acreage of Slovakia, which shows the
greatest gain, is due mainly to the fact
that in 1919 the Hungarian invasion pre
vented the cultivation of an extensive
area. Mr. Loughry, in his report, says:
"Not taking Russia and Ukraine Into
consideration, the increase in European
acreage would be '13 per cent over that
of last yeur. in the season of 1913-14 the
entire .European acreage amounted to
5, 434,095, of which the acreage In Russia
was 1,798,770. This statistical compari
son shows that the European acreage de-
creased by almost 2,500,000 when the re-1
duced Russian acreage is included. Mr.
Licht estimates the sugar production of
Germany in the coming season at 1,116,
500 metric tons of raw sugar, compared
with 740,000 metric tons in 1919.
"The Czecho-Slovak sugar commission
states that 21,000 metric tons of sugar
of last campaign's production have been
shipped to the United States. The last
price was $47 per hundred kilos (220
pounds) c. 1. f. Trieste. Two weeks ago
sugar was sold at $4(5.50 f. o. b. Ham
burg." LITTLE CHANGE IN LOCAL WHEAT
Barley Weak tn All Pacific Coast Markets.
The only change in local wheat bids
was an .advance of one cent on October
northern spring No. lr Much business was
reported from the country.
Coarse grains were also quiet. Corn bids
were 50 cents lower at the Exchange and
August-September barley was 13 lower.
Oats were unchanged.
All San Francisco barley was weak.
December selling at $2.72, against $2.76
Monday.
le Count's report from Aberdeen, S. D.
said,: "All wheat so far examined badly
damaged by black rust. Many fields In
this vicinity are ruined; much wheat will
escape Beyous injury. Spring wheat will
be badly damaged and greatly reduced.
Wheat
Hard white
Soft white
White Club
Hard winter. ......
Red winter
N. spring
Red Walla
Oats
No. 2 white feed. . .
Barlev
No. 3 blue
Standard feed
Corn
No. 3 yellow
ALiiirun
Sept.
. $2.47
. 2.44
, 2.43
. 2.47
, 2.42
. 2.4S
2.41
July
. 65.00
. 57.00
. 55.00
65.00
57.50
Etc.
Bid
Oct.
$2.47
2.45
2.44
2.47
2.43
2.49
2.42
Aug.
GO. 00
54.00
52.50
51.50
62.00
Nov.
$2.50
2.46
2.45
2.48
2.44
2.50
2.43
Sept.
55.00
53.00
52.00
46.00
61.50
L LIST IS STEADY
STOCKS BUT IilTTLE AFFECTED
BY IiAjBOR BOARD AWARD.
No. 3 yellow eastern 62.50
FLOUR Family patents, $13.75; bakers'
hard wheat, $13.75; best bakers' patents.
$13.75; pastry flour, $11.80; graham,
$11. fiO; whole wheat, $11.S5.
MILLPEED Prices f. o. b. mill: Mill
run, $5657 per ton; rolled barley,
$Gi72: rolled oats, $7172; scratch
feed, $87SS per ton.
CORN Whole, $777S; cracked. $79
SO per ton.
HAY Buying pre, f. y. b. Portland:
Alfalfa, $252G, cheat $23; clover, $20;
valley timothy, new $29(5' 30.
liairy and Country Produce.
BUTTER- Cubes, extras, 53 54c pound; (
prints, parenment wrappers, dox iois, oit
per pound ; cartons, 5Sc; half boxes, yc
more; less than half boxes, lc more; but
tee rf at. No. 1, 55 y6c per pound at sta
tions; Portland delivery, 5Sc.
EGOS Buying price, current receipts,
42c. Jobbing prices to retailers: Can
dled 48 50c; selects, 5152c.
CHEESE Tillamook, f. o. b. Tillamook;
Triplets, 29c; Young America, 30c.
POULTRY Hens. 2027c; broilers, 25
28c ; ducks, 25 35c ; geese, nominal ; tur
keys, nominal.
PORK Fancy, 23c per pound. t
VEAL Fancy, 22c per pound.
Fruits and Vegetables.
FRUITS Oranges. $5T.50; lemons,
$4.50(&-6 per box; grapefruit, $49.50 per
box; bananas. ll12e per pound; apples,
new, $3.254.75 per box; cantaloupes,
$2 5 per crats ; cherries, 5 "& 9c per
pound; watermelons, 4c per pound; apri
cots, $2.50 per crate; pineapples, 17 per
pound: paches. $2.252.50 per -box ; plums,
$2.85.3.25 per box; currants, $22.50 per
crate; raspberries, $4.25?M.50 crate; casa
bas, 67c per pound; grapes, $2.253.50
per crate; loganberries, $2.75(3 per crate;
pears, h.dO per box.
VEGETABLES Cabbage, Sl3Hc per
pound; lettuce, $1.50 to $2.50 per crate; cu
cumbers, $12.50 per dozen; carrots, $3.50
(fis 4.50 per sack ; horseradish, 25c per
pound; garlic, 40c; tomatoes, $3.754 per
box; peas, 710c per pound; beans, 10
14c per pound ; beets, $3.504 peY sack;
turnips, $3.50 per sack ; eggplant, 25c
pound.
POTATOES New White, 4 7c per
pound.
ONIONS Yellow, $22.50 per sack.
Staple Groceries.
Local jobbing quotations:
SUGAR Sack basis: Cane, granulated,
23c per pound.
HONEY New, $77.50 case.
NUTS Walnuts, 2236c; Brazil nuts.
40c; filberts, 30c ; almonds, 35;itic; pea
nuts. 1415c; cocoanuts, $1.75 per dozen.
SALT Half ground. 100s, $1 1.25 per ton ;
50s. $18.75 per ton; dairy, $27.75 per ton.
RICE Blue Rose, 15c per pound.
BEANS Small white. 7c; large white,
7 a: pink, 15 c; lima, 15c per pound;
bayous, 11 c ; Mexican reds, 10c per
pound.
COFFEE Roasted In drums, 3950c.
Hides and Pelt.
HIDES Salt hides, over 45 pounds, 14c;
green hides, over 45 pounds. 12c; salt
hides, 'under 45 pounds, 13c: green hides.
under 45 pounds, 11c; green or salt call
to 15 pounds. 25c; green or salt kip, 15
to 30 pounds. 15c; salt bulls. 12c; green
bulls, 10c; dry hides. 22c; dry salt hides,
17e; dry calf under 7 pounds, 30c; salt
horse, large. $u.oo. salt horse, meaium.
Specialties Advance "When Call
Money Rate Fails to Stiffen.
Bond Trading Broad.
NEW YORK. July 20. Prices of popu
lar shares tended irregularly downward
at the outset of today's contracted stock
market session, becoming firm to strong
at mid-day, but losing some of this advan
tage on realizing sales in the final deal
ings. Publication of the railway labor board's
wage terms and the decision of the Penn
sylvania Railroad company to reduce its
working force by some 12,000 men occa
sioned moderate selling of rails at the
opening, but reactions held within func
tional bounds.
Later when call loans were freely offered
at the fixed rate of 8 per cent, pools in
steels, equipment and motors experienced
little difficulty in elevating their favorites
by one to three points, the advance in a
few instances extending beyond those
limits.
Tobacco, food and ' chemical issues im
proved on covering of contracts, and shorts
in American Woolen also found it ad vis
able to settle. Buying of Woolen was
accompanied by reports that the company's
New England mills soon would resume
normal operations. Sales were 325,000
shares. ,
There was less pressure upon the for
eign exchange market, but rates on Lon
don continued to favor this center. French,
.Dutch and Spanish bills alsp reacting.
Trading in bonds was light .but broaa,
embracing many issues, though mainly at
Irregular changes. Swiss government
Ss made & new high record at 103.
Total sales (par value) $8,650,000. Old
United States bonds and registered 2s
gained a half per cent on call.
CLOSING STOCK QUOTATIONS.
Sales. High. Low. Last.
BOO
1,100
300
800
3.7U0
900
2O0
300
1.800
12.500
ISreSOc; peaches firm; standard. 17
18c; choice, 19o; fancy, 2121fcc -
Coffee Futures Go Lower.
NEW .YORK, July 20. While early de
velopments in the.coffeee market were not
so bearish as on the previous day, part
ly because of a special Santos cable re
porting the market, 50 to 150 reia higher,
after the opening, the later trading result
ed in further demoralisation, which be
came rather acute near the. close, leav
ing final prices at the bottom and 25 to
40 points under- the previous night. A
special Santos cable ..reported the market
unchanged to 250 reis lower, which fur
nished the basis for most of the late sell
ing here. Firm offers were weak. One
shipper at Santos reduced his offers c
and the cheapest 3s and 4s prompt ship
ment were 15c, American credit. Santos 4s
were also offered at 3 5 cents and, Rio 7s
as low as 1111. 10c. while Santos 4 and
5s were quoted at 14 c, all American
credits.
GOOD DEMAND FOR CATTLE
PRICES ARE OX FIRM BASIS AT
NORTH PORTLAXD.
EXPORT DEMAND CEASES
WHEAT MARKET. AT CHICAGO
IS DEPRESSED.
Hogs Also Sell Readily at" Steady
Prices Sheep Trade Slow and
Market Unchanged.
Am Can .
Am Car & Fdy
Am H & Li pfd
Am Int Corp
Am Loco
Am Sin & Rel
Am Sugar . .
Am Sum Too
Am Tel & Tel
Am Woolefh . .
Am Z L. & a BOO
Ana Copper. . 2
Atchison .... 1,400
Bald Loco . . 2:1,700
Bait & Ohio. WHO
Beth Steel B 3.600
B & S Copper 100
Calft Pet 100
Can Pac 1.800
Cent Leather. 9
Chand Motors 900
Ches & Ohio. .. 700
C Jl 4 St P 600
Chi & N W .. 0
C R I & Pac 3.S00
Chlno Copper;
Col P & Iron
Corn Products
Crucible Steel
Cuba C&ne Sg
Erie
Cien Electric.
Gen Motors ..
G Nor pfd . .
G N Ore Ctfa
111 Central . . .
Inspir Cop . .
Int M M pfd. .
Int Nickel . . .
Int Paper . . .
Kennecott Cop
Louis &; Nash
Mex Petrol ..
Miami Cop ..
Mid St Oil ..
Midvale Steel.
Miss Pacific. .
Nevada Cop . .
N Y Central . .
N Y N H & H
Nor Pacific . .
Ok Prd & Rfg
Pan-Am Petrol
Pennsy Ivanla . .
Kay Con Cop
Reading
Replr & Steel
Shat Ar Cop.
Shell T & T. .
Sin Oil & Rfgr
South Pacific.
1,200
200
2.500
3.400
2,200
800
200
5,000
1,200
2,200
100
300
TjOO
7O0
2.900
1.200
200
2,800
400
2,200
ooo
3,100
100
200
800
3O0
2.:ioo
5.600
4.100
1.2O0
12.400
1,400
100
500
l.!(00
4.400
,, ' 15.00: salt horse, small, $4.00
.... u. """"I PELTS Dry fine lone wool pelts. 15c;
dry medium long wool pelts, ijc, ary
40 . . 1 . . 4
5 12
735 12 60 IS 34
11B 28 53 43 51
21 .. 5
1 . . . . 2 2
flfl 20 60 . . 25
3 20 1 2 28
5 1 2 .. 13
10 1 3 8 1
40 3 13 .. 108
47 2 28 20 13
B MILL Ef WORLD
hoppers reported coming in from Mlnot
to Uvonna, S. D. They are more plentiful
and damaging than last year."
The weather forecast for the middle west
as wired from Chicago: "Illinois, Kansas,
Nebraska, fair, not much change tn tem
perature. . Minnesota, fair today and Wed
nesday unsettled. Iowa. Missouri and
South Dakota, part cloudy tonight and
warmer Wednesday.
Wheat receipts in the east were 273
cars at Kansas City, 51 at Omaha, 60 at
St. Louis and 158 at Minneapolis.
Terminal receipts, In cars, were reported
by the Merchants' Exchange as follows:
Wheat. Bar. Fir. Oats. Hay'.
Portland. Tuesday
Year ago
Season to date. .
Year ago
Tacoma. Monday.
Year ago
Season to date . .
Year ago
Seattle. Monday...
Year ago
Season to date . .
Year ago
LARGEST 1'T.Ol'R
New Buffalo Plant Will Cost From $18,
000,000 to $31,000,000
The largest flour mill and elevator in
the world is to be built on the outer har
bor of Buffalo. The plans have "recently
been sent to contractors -for bids by the
Standard Milling company of New York.
The elevator is to have, a capacity of
7,000.000 bushels. Elevator, flour mill and
necessary pier construction are to cost
from JlS.ono.OOO to J21.000.000, according
to the estimates of the engineers. Some
idea of the hugeness of the project is pre
sented by the fact that pier space along
pide elevator and mill large enough to
accommodate eight of the largest freight
ers on the lakes is provided for in the
plans. The Intention is to construct the
levator and mill on plies driven in the
water from the present shore line out to
the channel line and it is stated that for
foundations and piers something like 50,
000 concrete piles will be driven.
WAI.I.A WALLA ONIONS ON MOVE
Shippers Are Having Trouble in Finding
Market.
Walla Walla is beginning to ship onions
In a limited way, but not In this direc
tion as yet. The crop is large and some
difficulty is being experienced In find
ing a market. Indications are for low
prices for the present at least.
Cantaloupes were firmer as a conse
quence of higher prices in southern Cali
fornia where the crop is cleaning up.
Sales here drag aa the quality of most of
the fruit Is not good. Several cars of Tur
lock cantaloupe arc in transit and the
first will arrive Friday.
Cherries were a drug on the market and.
could hardly be quoted. Berries were
steady.
Among the receipts from the south were
a car of mixed fruit, a car of casabaa and
several cars of cantaloupes and melons.
EGGS ARE SCARCE AND ADVANCING
Butter Market SI rally With Best Demand
for Cube Extras.
The market shrinkage in egg receipts,
coupled with the active demand, has put
prices at a higher level. Cash buyers are
offering 42 cents net Portland for ar
rivals from the country.
Jobbers are quoting candled ranch up to
ou cents ana selects as nign as 52 cents.
Butter was steady. There was a good
demand for fancy cubes at 54 cents. Prints
wt-re unobangea.
Poultry was in moderate supply. Hens
and springs were steady at the old prices.
but ducks were nam to sell, loung col
ored ducks sold at 25 cents. Dressed
meats were steady and unchanged.
coarse long wool pelts. 10c; salt long wool
pelts. $2tit3: salt lambs- wool pelts. 50c
$1: salt shearlings. -2550c; salt clippers,
15 25c.
Provision)!.
Ixcal jobbing quotations:
HAMS All sizes, 42ii4rtc; skinned, 41
J 46c: picnics, 25c: cottage, roll, 35c.
LARD Tierce basis, 23c; shortening,
2He per pound.
DRY SALT Short, clear backs, 25 29c
per pound; plates, 23c.
BACON Fancy, 4Us asc; stanaara, a8
45c per pound.
Wool, Cancan, Etc.
MOHAIR Long staple, 23c per pound.
TALLOW No. 1, 8c per pound; No. 2,
6c por pound.
CASCARA BAKlv Per pound, gross
weights, old peel, 12c; new peel, 10c per
pound.
WOOL valley, medium, iiijc per pound ;
valley, coarse, quarter blood, 20c; coarse
low and braid. 15c; coarse matted, 12c.
HOPS Nominal.
GRAIN BAGS Car lots: July, 20ttc;
August, lc.
Oils.
LINSEED OIL Raw, barrels.
raw. drums, si.vu; raw, cases.
South Railway 14.800
S O of N J pfd COO
Studebaker Co 12.7O0
1 exas Co ....
Tex & Pac .
Tob Products.
Trans Oil . ; . .
Union Pacific.
U S Food Prod
U S Ind Al . .
U S R Stores
U S Rubber . .
U S Steel
U S Steel pfd
Utah Copper.
Western Union
Wlllys-Overind
2,800
1.4O0
2,400
OOO
1.000
soo
BOO
2.500
3.500
10,700
200
300
300
2.0O0
RONUS.
U S Lib 3s. . . 90. Panama 3s cou 77
30
137
SB
S3
9!'i
60 Vi
1234
04
l4Vs
t0'3
13 V4
53
80 i
119V4
31 Ti
88
22 U
30
120 '4
63 ',i
54
33
70Vi
37
2
32
83
156
51 M
12
143 Vs
23 Va
70
35
81
50
82
17 Vi
85
25
100
H.2
20 Va
2Ui
40 v4
26V
12
60
30
7 Hi
103
30 y,
i
80
110
10
72 V4
31 '
03
20
107 i
71
43)4
40
0S
14
116
4
8!1
75
94
01
10S
60
S2
19
39
136
86
84
97
59
125
90
93
87
13
50
79
117
31
30
120
63
' 97
54
33 '4
69
36
28
31
92 Vi
154
50
13
143
26
69
35:4
81
50
82 .
17
83
25
99
190
20
20
40
25
12
6S
30
71
4
102
39
15
S7
109
10
72
30
92
28
105
69
.45
39
66
14
115
64
80
73
92
90
108
6S
82
19
39
136
86
84
98
60
125
80
94
90
13
53
80
118
31
88
22
30
120
63
98
54
33
69
36
28
31
93
154
50
12
143
24
69
33
81
50
82
17
84
25
100
191
20
21
40
26
12
6S
30
71
4
102
39
15
89
110
10
72
30
93
29
105
71
45
3S
67
14
115
65
89
74
93
91
108
66
82
18
: 90 -11.50
72 11.50
94 11.50
100 6.00
100
128
113
123
140
134
94
100
100
3.50
5.25
4.50
. 6 00
7.50
s.oe
6
8.50
4.00
140 ' 5.00
1140 9.25
1166
750
750
870
' 872
1100
310
C99
200
22
195
do 1st 4s 83.46 Anglo Fr 3s.
do 2d 4s 84.70i
do 1st 4s So. SO
do 2d 4s 84.9(
do 3d 4 s... 88.90'
do 4th 4 s.. .85.12
Victory 3s 95.82
do 4s 95.84
U S 2s reg 'loo-
do 2s cou.. .100
U S 4s reg 105
U S cv 4s :ou.105
Panama 5s reg 77
99
Am T & T cv 6a 72
Atch gen 4s 73
D & R G cn 4s. 62
N" Y C deb 6s . . 86
Nor Pac 4s 73
Nor Pac 5s 52
Pac T & T 5s... M
Penn con 4s.86
So Pacific ov Ss. 95
So Ry Ps SO
Union Pac 4s.. 80
U S Steel 5s... 91
- Co-operation of Grain Men Asked.
A meeting of the general committee of I 500 boxes; livestock. 110 bead.
$1.83;
J1.08:
boiled, barrels, 1.85; boiled, drums, $1.92;
boiled, cases. ?2.
TURPENTINE Tanks, $1.96; cases.
tS "- ... -
COAL oil iron Darreis, .154 t-itc;
cases. 27 (ft 34c.
GASOLINE Iron - barrels, 25c; tank
wagons, 25c; cases, 3Sc.
FUEL OIL Bulk. $2.10 per barrel.
SAN FRANCISCO PKODVCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO. JULY 20. Butter
Extra grade. 60c; prime firsts, 58 c.
Eggs Fresh extras, 60c;" firsts, 55c;
dirty. No. 1, 54c: extra pullets, 48c; un
dersized pullets, 36c.
Cheese Old-style California flats, fancy,
34c; firsts, 29 c; Young America, fancy,
33c.
Poultry California hens, large, 3538c;
small. 2320c: strictly young roosters.
3S40c; old roosters, 15$17c; fryers, 34
4t40c; broilers, large, 30&33c; small, 28
&30c: ducks, 20425c: pigeons, old, $2.50
too. CO ' per dozen; squabs, 5760c per
pound.
Game Belgian hares. 15)Sc 1 per lb.
Vegetables Beans. 812c; bell peppers,
Der pound, large. 10i12c; small. 5
10c: chile, 10$12c; tomatoes, southern
California, fancy, $1.75(2.25; Merced. 40
685c small box; lug, $l3l.o; cucumbers.
natural growtn, ooauuc smau oox, wj'ioc
lug; bay, $262.25 lug; butter, $1.25(&il.50;
green onions, $11. 25 box; eggplant, 5
Sc: Livingston, 910c per pound; peas,
6439c pound; summer squash, lug, river,
5i(&S5c. bay, 75c0$l; Italian squash
$1; corn, sack, $4.ou(&'a; celery, $ig7.50
crate.
Potatoes. C6c pound; No. 2, 24c
pound on street; sweet potatoes, 103?15g
Der pound.
Onions Yellow, $lffl.50; red. $11.25
Fruit Strawberries, S-ounce baskets,
S5cfc-Jl per drawer; 12-ounce baskets. $1
01.85; raspberries. 6jcsji per drawer
blackberries, J0b0c per drawer; logan
berries. 50&)60c per drawer; black logan
berries. 40(0-50c; cantaloupes, standards,
$3(&3.50: ponies. $2.754j;3; flats, $11.25
honeydew, )1.50&1. 5; watermelons, 2
3c per pound: bananas, central American,
SW9C: Hawaiian, 10c per pound; pine'
apples, $4(?r5 per dozen; Valencia oranges,
$4.50(6.50; lemons. $2(&5; grapefruit. $2.50
0 3.50; apples, rea ana white Astrachan
4-ticr. $1.60(311.75: 4-tler, 22.30; aprl
cots, 5s8c per pound; peaches, 65c(W$
per 8matbx: lugs and crates, $l.25ei2
basketts Tl.2."1.85; cherries, black. 10
20c per lb.; itoyai Anne, 1." WIT c; Ore
blacks. t2(gl2.2i per Dox; Koyal Anne. $1.
1.50; plums, all varieties, $1.25&1.
per craae or oox; cania nosa. a-.
nears. Bartlett. $3 4.50 per box: Made.
line and Dearborn. $11.50 per box: figs,
single-layer $11.25: double-layer $1.75
2; white, 1; rhubarb, $1. 50()1. 7o box
grapes. $l.0(s,3.u0 per crate.
Receipts Flour. 6720 qrs. ; wheat 30
ctls. i barley, 3768 ctls. ; oata, 811 ctls
beans, 1800 sacks; corn. 1200 ctls.: pot
toes, 143 sacks; onions, 706 sacks; oranges,
Monry, Exchange, Etc.
NEW YORK, July 20. Mercantile pa
cer, unchanged. 76 8 per cent.
Exchange irregular, sterling aemann.
S3. 83: cables. S3. 83. Francs, demand.
17: cables. 8.19: Belgian irancs, aemana
;.76: cables. 8.7S: guilders, demand,-34.60;
cables, 34.70: lire, demand. 5.76; cables,
78: marks, demand, z.itjl caDies, -:.oo.
Sterling advanced further In the late
dealings. Demand. 3.83: cables, o.4
New York exchange on Montreal, 12 3-18
per cent discount.
Time loans strong, uncnangea.
Call money steady: high. 8: low. 8; rul
ng rate. 8; closing bid, 7; offered at 8; last
oan, 8.
Bar silver, domeattic, uncnangea; tor-
eign, 89 c.
Mexican dollars, 67 c.
LONDON. July 20. Bar silver. S2d
Money, 4 per cent. Discount unchanged.
Mining Stocks at Boston.
BOSTON. July 20. Closing quotations:
AllnufZ 28 IMohawk 60
Ariz Com 10 INorth Butte ... 16
Calu & Ariz... S Old Dom 24
Calu & Hecla..301 lOsceola 38
Centennial ... 11 ISuperlor 4
Cod Range .... 3iJSup & Boston.. 3
East Butte . 12 Shannon 1
Franklin 8ii 1 1. tab Con 6
.le Royalle ... 29 iwinona 40
Lake Copper .. 3 I Wolverine ..... 141,
Swift & Co. Stocks.
Closing prices of Swift & Co. stocks a
unicago were reportea oy overnecit
Cooke Co. of Portland as follows:
Swift-& Co 108
Libbv. McNeil & Llbby 12
National Leather 11
Swift International 'Jo
Dried Fruit at New Tork.
NEW YORK, July 20. Evaporated ap.
pies quiet; prunes steady; Calif ornias,
The run at the stockyards was. light at
eight loads and the market was only
moderately active. - There was a good de
mand for cattle throughout the. day .end
prices were on a firm basis. Jn the hog
division the tone was steady at the former
range . of quotations. The -demand for
Sheep was slow, but prices -were classed
as steady.
Receipts were 101 cattle. .32 hogs and
454 sheep. - -
The day's sales were as follows: -
Wt. Price.l Wt. Price.
680 $ 5.50 93 lambs. 7i $ 8.00
Hi 3 B.B6I. 1 lamb. .
170 15.001177 lahbs
200 17.50,39 lambs.
850 15.50 6 ewes..
147 17.23 llewe...
198 17.25129 ewes. .
205 J.7.001 3 ewes..
425 14.00111 ewes. . '
320 )14.001 1 wether
180 17.501 50 wethers
138 1 5.501 63 wethers
90 14.50j 2yearl.
250 17.251 1 buck. .
190 17.251 6 bucks.
170 17.25121 steers.
130 15.75! 3 steers.
190 .17.251 1 cow. .
191 17.50! 2 cows. .
320 16.501 1 cow. ..
155 14.50110 cows. .
280 15.50( lcow..
196 17.25 lcalf..
ISO 17.50J 1 calf. .
112 13.S3I 1 bull. ..
115 14.501 -S mixed
176, 16.00! 2 hogs. .
230 17.00! lhog...
275 18.731 7 hogs..
430 13.50123 hogs..
210 . 17.00! 1 hog. ..
173 16.001 1 hog. . .
420 15.001 14 hogs. .
160 16.001 2 hogs. .
198 17.0012 hogs. .
227 1 7.001 6 hogs..
203 17.00 122 lambs
420 15. 0O 21 lambs
76 9.00 38 lambs
56 7.501 131 Iambs.
79 - 0.00 1 ewe. . v
87- lO.ftO)
Livestock prices at the "Portland stock
yards were as follows:
Cattle Price.
Choice grass steers $10.50 10.00
Good to choice steers.... 10.004610.30
Medium and good steers...... 9.0O((T'10.00
Fair to good steers 8.23SS 9.00
Common to fair steers 7.00r?i 8.25
Choice cows and heifers 8.00 ' 8.50
Good to choice cows, heifers.. 7.!0 8.00
Medium to good cows, heifers. 6. 000 7.00
Canners 3.0OM 4.75
Bulls 5.50 6.50
Choice dairy calves 13.O0W15.00
Prime light calves : 11.000)13.00
Medium light calves 9.0011.00
Heavy calves 7.00(fil 9.00
Hogs
Prime mixed '. .. I7.00fr17.r0
Medium mixed 16.50? 17.04
Smooth heavy 13 0(S)15 50
F.ough Heavy lo.oorpi:!.oii
Pigs 12.5015.50
Sheep
East-of-mountain lambs 11.00(311.50
Valley lambs 10.50fSll.00
Cull lambs 7. 50O 8.50
Yearlings 8.50(9 8. CO
Wethers 6.0ofl 7. on
Ewes : 2.500 6.25
Chicago Livestock Market.
rtTTPAOO .Tnlv 90. Cattle Rprelnts.
11.000, yearling steers steady to strong.;
medium and heavyweights, dull: heavy
butcher cows and canners. steady to
strong; weighty stockers, strong;, good
calves. 50c to 1 higher. $14.50015.50:
stockers strong to 25c higher.
Hogs Receipts, 2S.0O0. slow early trad
ing mostly 15c to 25c higher: big packers
doing little quoting, steady: bulk, light and
light butchers, tl6.2rxiji6.50: bulk, 250
pounds and overe. $14.50016.25; pigs.
strong: bulk desirable kinds, $13. ;o p 14.00.
Sheep Receipts. 13,000, slow. Bteady to
25c lower; choice western lambs, 16;
bulk, $15.7516; top native lambs. $13.75:
bulk, $15(915.50; top ewes. $8; bulk, $7.50
handy, quotable higher.
English Buyers Expected tp Remain
Out for Ten Says or More.
Corn Selling Heavy.
CHICAGO. July 20. Shutting off ot ex
port demand had .a depressing effect on
the wheat market today. Closing prices
were unsettled, 2 to 3c net lower, with
December $2.87 and March 12.01. Corn
finished 1 to 2c down, and oats off a
to lc. In provisions the outcome varied
from 25c decline to an advance of 2 c
Bearish sentiment regarding wheat be.
came emphatic after reports were circu
lated that the British government had
withdrawn from the market and would re
main out for ten days more. A sharp de
cline in exchange rates on London tended
further to weaken values ana to curtail
buying. Sultry weather likely to Increase
black rust damage was not a market lac
tor except at the opening. Later, however,
owing to fresh reports of crop injury by
black rust and by Canadian aroutn ana
heat, some limited upturns in price were
brought about-
Leading commission nouses were con
snicuous in the corn selling, which ap
peared to be largely due to setbacks tn
the. value of wheat.
RaDld progress of the harvest aia a
good deal to ease the oats market.
1 cow. ..
5 cows: .
1 calf..
7 hogs.
1 hog. . .
14 hogs. .
1C hogs. .
14 hogs...
2 hogs, ;
1 hog. . .
. 2 hogs. .
- T hogs.,
3 .flogs. .
2 hogs. .
1 hog. . .
3 hogs. .
1 hog. ..
3 hogs. -28
hogs. .
10 hogs. .
4 hogs. .
2 hogs. . .
7 hogs. .
1 hog.
40 hogs..'
6 hogs. .
5 hogs. .
2 hogs. .
13 hogs. . '
4 hogs. .
8 hogs. .
9 hogs. .
1 hog. ..
2 hogs. .
13 hogs. .
12 hogs. .
12 hogs. .
1 hog. ..
223 lambs
41 lambs.
26 lambs.
ambs.
8.00
2.00
3.60
5.00
7.10
4.50
7.00
160 15.00
970 7.00
6.0(5
17.50
140 15.50
351 13.50
155 17.50
440 14.50
190 15.50
207 17.50
16.00
17.00
186 17.33
I 85 1O.50
78 11.00
69 9.O0
71 10.50
120 3.00
The Chicago market letter received yes
terday by the Overbeds & Cooke company
of Portland, said :
Wheat Rust reports from tne norm
west were so numerous that the trade got
tired reading them and in consequence
the news failed to find reflection in the
future market. Nevertheless, there Is
more apprehensive feeling prevalent, as
reliable authorities are finding rather ex
tensive damage. Summing everything up,
there is little doubt but that the weather
for the next two weeks will have much
to do with determining the outcome of
the crop. Those advocating lower prices
had In their favor today a report that
British buyers had withdrawn from the
market and would not be in again for
10 days to two weeks. Export sales were
not as large as yesterday, but were given
at 300.000 bushels. Country offerings
wheat reached quite liberal proportions
In the south and west. The situation in
the northwest seems to be of greater im
portance than anything else at the mo
ment nnrl unleu theia is an improve
ment in the general tone of advices from
that section, it is likely that declines, in
the market will be far extended.
Corn Higher temperatures over the belt
Induced free selling of futures In tm
market and over-balanced temporarily
the prospect of diminishing receipts an
lighter cash pressure. Some sellln'g was
also Indulged in on the decline in for
eign exchange. Local receipts of 209 cars
made the trade overlook that present ar
rivals represent a clean-up of corn in
transit and that wheat will soon supplant
corn. Th-is is already the case in south
western markets, where wheat Is movln
at the expense of corn. We doubt th
ability of fresh developments to make any
marked impression on values at this time
or at least until a further recovery re
verses the technical foundation.
Oats Selling pressure was featured 1
this pit throughout the session and there
was surprise that prices did not recede
further. This seemed to emphasize
healthy technical condition. Spot preml
urns were well maintained at 6 to 7 cents
over July for No. 2 white and 3 to
cents for No. 3 white. , Crop reports are
very favorable and many private authort
ties are now estimating larger yields than
suggested in the July 1 government . re
port. A resumption of the recent decline
is not In sight at the moment.
Rye Trade In futures was quiet, but
there was a firm undertone to the mar
ket, with drouth reports from Canada
factor. There was also buying on th
break credited to the seaboard, which gave
color to the theory that exporters
about to re-enter the market.
Provisions Trade was of moderate pro
portions and after the early decline
rally ensued on short covering influenced
by a report that some export buying was
taking place in lard and rtbs. aThere ap
peared to be little foundation for the re
port aeid we do not entertain any hope
that the demand in the Immediate fu
ture will broaden sufficiently to. absorb
the excessive supplies.
Leading futures ranged as follows:
WHEAT.
Open. High. Low. Clone.
Dec $2.61 $2 61 $2.53 $2.57
March.. 2.60 2.64 2.60 2.61
CORN.
July.... 1.50 1.51 1.49 1.49
Sept 1.5V 1.53 1.50 ' i.50
Dec 1.39 1.39 1.37 1.37
OATS.
July 90 .90 .89 .89
Sept 77 .77 .703 . .78
Dec 76 .76 .75 .75
Corn No. 2 mixed. I1.B3B1.S4; No, 2
ellow, $1.541.55. .
Oats No. 2 white, ttovvic; io. o wane.
92 94c.
Rye No. 2. 2 27.
Barley $1.1401.18.
Timothy seed 10?12.
Clover seed $25035.
Pork NominaL
Lard $18.95.
Ribs H5.5016.S0.
Grain at Han Francisco.
SAN " FRANCISCO. July 20. Barley
2.7502.80; data, $2.80 0 3; corn, yellow.
nominal. ' . .
w mint five-wire Bale, light. 120
28 ton; tame oat. $26028; wild oat. $20
022; barley, $20023; alfalfa first cutting.
10025; second cutting. 2402.
Seattle Feed and Hay.
SEATTLE. Wash.. July 20. City dell-
very: Feed Scratch feed, $90; feed wheat.
$95; all grain chop, 50; oats, i; sprout-
nar oats. SSI: rolled oats, sso; wnoie corn.
$S4; cracked corn, $86; rolled barley, $75;
limed barley.
Hay Eastern Washington timotny mn-
d nominal: double compressed. $1; new
alfalfa, S3e; straw, $22.
Minneapolis Grain Market.
MINNEAPOLIS. July 20. Barley. 92c i
1.15.
Flax No. I, $3.4603.49.
Naval Stores.
SAVANNAH, Ga.; July 20. Turpentine,
firm, $1.53; salas, 376 barrels; receipts.
1600 barrels; shipments, 14 barrels; stock.
10.108 barrels.
Rosin, firm; sales, 1394 barrels; re-I
ceipts. 3104 barrels: shipments, 6i2 bar
rels; stock, iis,109 barrels. viuote: a,
$11.50011.70; D. K,- F. G, H, I. K, M.
N. WG, WW, $14.90015.
Seattle Livestock Market.
SEATTLE. Wash.. July 20. Hogs,
ceints. 152: strong. Prime. $17.25017.85;
medium to choice. lo.2301l.2o: rougn
heavies. X 14.50 0 15.50 : Digs. $12.30 013.50.
Cattle, receipts, 146; slow. Prime, siu.au
011; medium to choice, $9010; common
to good. 160 7.50: best cows and heifers.
$808.50; medium to choice, $708: common
ro good, $u06.5u; bulls, $.5U0b.ou; calves.
$7014.
Metal Market.
NEW TORK, July 20. Copper steady.
unchanged.
Iron steady, unchanged.
Tin quiet, unchanged.
Antimony, 7.75c.
Lead steady, unchanged.
Zinc quiet. East St. Louis delivery, spot
7.950 8.00c
""' $ 4S.00O Tax Exempt General Oblljratiom
CITY OF BUHL, IDAHO
Water Z
elding 6
Dated June 1, 1919. Due serially 1931-39.
Denomination $1000. Price 100; yield 6.
Principal and Semi-annual Interest payable
at Buhl or in New York.
Buhl is a most up-to-date city situated 14
miles from Twin Falls, in the famed Twin
Falls farming area. It is in the heart of an
irrigated section of 95,000 acres, producing
large crops of wheat, oats, barley, alfalfa, sugar
beets and potatoes. The feeding of hogs, cat
tle and sheep add materially to its wealth.
The estimated real valuation of Buhl is
$3,000,000. Its bonded debt, including this
issue, is $199,000; less water debt, $134,000;
net debt, $65,000.
Telephone or Telegraph Orders at Our Expense
f Morris Brothers ies
yfc? (PremiercMunjcpaBond7fouse
GfeSITAl
lONtMiiuoat
.Dowuuu
Harris B!dr Ses-11 Stavk St.. Bet. Tlfta aaa Blxtaa
Telephone ISroadwajr Z131
OeaQooKTCT I
Cwnir W
Chicago Dairy Prodnce.
CHICAGO, July 20. Butter Firm.
Creamery. 4456iAc.
Eggs Firm. Receipts, 12.908 cases; rirsts.
4344c: ordinary firsts, 394?41c; at mam,
cases included. 43c; storage packed extras.
43c; storage packed firsts, 45c.
Dairymen Buy Creamery.
MARSHFIELD, Or., July 20. (Spe
cial.) The Coquille Valley creamery
at Norway has been purchased by the
Oregon Dairymen's; By-Products com
pany from its owner, Mr. McCloskey,
who has conducted it there for a
number of years. The purchase was
in lin with the state- organization's
plans in entering: this field, and is the
second factory that has been taken
over, the other beinfr that at Marsh
field the Coos Mutual creamery. Mr.
McCloskey received $15,000 for his
plant.
Semi-annual
Julv. .
Sept. .
Sept. .
Oct.. .
MESS PORK.
2860 - 28!60 28!05
LARD.
19.35 19.45 19.30
SHORT RIBS.
Remarkable investment oppor
tunity is offered by the 5-year
secured .convertible gold. notes"
of one of the greatest corpora
tions in America, the
Sinclair Oil Co.
Dated May 15, 1920. Due
May 15, 1925. Denomina
tions $100, $500, $1000.
Notes are convertible at
the option of the holder
into ten shares of 87o pre
ferred stock and two and
one-half shares of com
mon stock of the com
pany for each $1000 note.
5-year 7V2S at 98
to yield 8
Cash or Partial Payment Plan
Full details on request
Wire orders "collect"
' isaaawii . .. iaxi'aM .i . m 11 aviaiwaai l, u.jai.sM.uiujijpiii.miii.j' ji uimaiin , . a
lias il 'r- - . -..-a W naw . ai a-iili Mliiin t,:Vj ' t rllun i 'tTii ail
26 85
28.33
19.42
19. 82
July.
Sept.
19.05
16.92
Omaha Livestock Market.
OMAHA, July 20. Hogs Receipts. 10.-
500. early sales to shippers, . 25'S'35c
higher, weakening to 10c to 15c higher
to packer?; close easier;, top, sio.99; bulk,
S14 40SH 15.50.
Cattle Receipts. 4500. good and choice
fed steers, yearlings and she Htock steady,
other kinds weak to 25c lower; stockers
and feeders steady to 23c lower.
Sheep Receipts, 30,000, lambs 23c lower;
sheep, steady; feeders. 25c to 50c. lower.
Kansas City Livestock Market.
KANSAS CITT. Mo.. July 20. Cattle,
16,000; beef eteers steady to 25c lower;
some heavy steers off more; early top,
$16.25; quarantine receipts 50 cars; steady
to 10c lower; sales $10. 20 12.75; bulk,
$11.50: grain-fed Colorado, bulk, $16.35:
she stock dull and feeders steady to 2uc
lower; all classes slow, calves, active;
strong to 50c higher; top vealers S 10; bulk,
$11.5010.50.
Sheep, 7000: Iambs steady to 25c lower:
closincr weak, bulk Arizona. $14.2." tfrl4.5Q.
16.75 16.92 16.7
Cash prices were;
Wheat No. 1 red, I2.SS: No. 2 red, $2.80.
I Ssco-o SVocm S'
MitTHWtYTOtM aVANKBLO.
Investment Opportunities
and
Oar Twenty Payment Plan
These publications tell at good invest
aaant stocks, which caa be purchased os
small aaraMata, axteadiag vr a serias of
twenty months. This plan wm originated
bjr as in 1S08. Ton oan Mean beta Ifn.
Write for 17-, TO
Investment Securities
40 Exchange Place, New York
we nave Buying and selling or
ders on many unlisted stocks, some
of which are Aero Alarm, Dennos
Food, All Amer. Trfick, Amal.
Mines Baker, Elgrin Motors. Pacific
States Fire. Western Rubber, Alas
ka Pete, Harvey Crude Oil, Per
fection Tire, Invaders Oil, New
World Life, Queets Trading. Amer.
Lifograph, Pioneer M. & D., and
many others.
F.ERRIN 5 RhODES'inc.
T- ESTABLISHED 1696.
- STOCKS and BONDS.. -
Railway Eiehange Bids. Main 283.
Seattle PORTLAND Tacoma
Members Chicago Board of Trade.
FOREIGN
BONDS!
We offer for immediate
delivery:
City of Berlin 4
City of Munich 5
City of Barmen. ...... .. .4
State of Bremen 4'2
State of Hamburg Vt
City of Greater Berlin. . .4
Delayed delivery.
'.. VIENNA TREASURY
BONDS 5
v Issued May, 1920.
Due May, 1924.
Write for circulars and com--'
plete price list.
Transatlantic Estates &
Credit Co., Inc.
222 Chamber of Commerce Bdg.
7
Preferred Stock
Portland Gas & Coke
Price $98 Per Share
Robertson & Ewing
207-8 Northwestern Bank,
Building.
$100,000,000
That is the estimated value of the productive
lands which are back of the
$125,000
6 General Obligation Bonds
Yakima County, Wash.
These" bonds, and the general obligation bonds of
Lincoln, Adams and Whatcom counties, Wash., are
of high character and each is priced to
Yield 6 Net
INCOME TAX EXEMPT
Maturitlea 1021-35, Den. $2SO, S500, f lOOO.
iimijeiiojeMM m
.5
Undor- SupervtsuwL Oregon, siaia BujikingDepartinjeriC
BONDS TRUSTS ACCEPTANCES
Lumbermens Bldg. ,
0OOFING is BUILT TO
ENDURE AND T DOES fffllfft
Carey Flexible Cement Roofing is madebytiieoldest
manufacturer of Asphalt Prepared Roofing in the
country, and it is the oldest brand of prepared roofing
on the market today.
Its structure was so absolutely right in the beginning
that its composition has never been changed, and its
sale is bigger today than ever before.
Many of the first Carey Flexible Cement Roofs ever
laid are still giving good service. Ve will gladly give
you names of the owners. -
Many of thesa roofs have served 25, 30 years.
Nobody knows how much longer they will last.
The same sort of extra endurance that you see in
Carey Flexible Cement Roofing is built into every one
of the more than 60 present-day Carey Roofing specifi
cations. There is a long-lived Carey Roof for every
type of building. .
Bullt-Up Roofs Wall Board
Asfaltslate Shln&les Pipe Cover In i
Koll Roofings Roof Paint
A Roof for Eocry Building
PACIFIC ASBESTOS &
SUPPLY COMPANY
" ' DISTRIBUTORS
67 and 69 First Street, PORTLAND, ORE.
-WANTED-
By Portland investment bonding house, an ex
perienced bond salesman who knows the city and
has a clientele. Good salary and liberal com
mission. Give age, experience and references.
. ADDRESS. T 530 6REG0NIAN
FIRST MORTGAGE
INVESTMENTS
Miller and Lux 7s
Doe. Price. Yield.
1930 100 7
K first mortvraire on more iban SOO.OOO aerea of land. conserTav
tlvely valued at 40,XMI,KK.
Duquesne Light Company 6s 1949 85 7.25
A first mortsragre on all tbe property owned lr the- Company.
Total replacement value of this property ia approximately
STO.OUO.OUO.
Utah-Idaho Sugar Corp. 7s 1921-30 7.75
A. -clnaed ftrMt mortaragrc on all lantla, buildings, machinery aaid
equipment of tbe Company. et tanciltle anetn amount to
$X!,4MMMHMa, or over four times tbe amount of this ixaue.
- China Mail Steamship Corporation 8s
1922-25 100 8
A firnt mortem on Mtcumern havinc a value of more than
per Ion. Total mortgaKfd inrielitetfneaa will be $52.05 per ton.
Blyth, Witter. & Co.
UNITED SLftlES GOVERJTCIEIIT MUNICIPAL AITO CORPORAIIOif BONDS. "
YEON BUILDING, PORTLAND
Telephone Main 3304
San Francinco Seattle (ir York Log Angeles