Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 24, 1920)
TIIE MORNING OREGONIAN, SATURDAY, JULY 24, 1920 EASTERN MOVEMENT -IN WOOL REPORTED Local Tie-Up in Market May Be Near End. condition of the high water resulting from heavy rains. There is, however, plenty of coast stream salmon at 15 to 17 cents. rOKTLAND MARKET QUOTATIONS Grain. Flour, feed. Ktr, Merchants Jxcliangc, noon session: MORE ACTIVITY EXPECTED Vast Quantities of Wool Sow Stored in Portland Warehouses Awaiting Movement. Reports received from Boston yesterday by local wool deaiers that there had been soma movement ot wool there at good prices save some nope that the- tie-up in the wool market here misht bo nearing an end. It was declared, however, that it might bo some time before the activity there would have any appreciable effect on the local market. There were dealers yester day, however, who predicted that the Tertland wool market was duo to have a period of greater activity in the near future. It is conceded, however, by the majority of dealers that, owing to this being an election year, thare is likely to be more or loss sluggishness in the wool market, at least until after the election. The only recent activity in the Portland wool market was the purchase of 250.000 pounds of "Willamette valley wool by a local factory at 35 cents. Other than that, however, there has been no movement of wool for a period of several days, and the factory which made that purchase i said to have now withdrawn from the market. There are vast quantities of wool now stored In Portland warehouses waiting for some movement In the market. -Bid Oct. Nov. 2.51 i53 L-.47 2.48 2.4B 2.47 2.4S 2.49 2.43 3.44 2.r.t 2.S2 2.44 2.45 Aug. Sept. &U.OO 55.50 52.50 51.00 31.00 30.00 Go. 50 oi.50 Wheat Soot. Hard white $2.50 .Soft white 2.4 White club 2.45 Hard winter 2.48 Red winter 2.4.H N-jrthern spring 2,f.O Red Walla Walla. .... 2.43 Oats July No. 3 wnlte feel 05.00 Barley No. 3 blue 57.00 Standard feed 55.00 Corn No. 3 yellow 67 OO No. 3 yellow, eastern. 03.50 FLOUHFamlly patents. J13.75; bakers hard wheat. S13.T5; best bakers' patents. $13.75; pastry flour, 111. SO; graham. 111.00; whole wheat. $11. S5. MILLFEED Prices f. o. b. mill: Mill run, $5uo7 per ton; rolled barley, $oS&72: rolled oat $7172; scratch feed. $S70SS per ton. CORN Whole. 777S: cracked. $799 80 per ton. HAY Buying price, f. o. b. Portland: Alfalfa. $2526. cheat $23; clover. $20; valley timothy, new S29S'S0. Dairy and Country Produce. BUTTER Cubes, extras, 54o pound; prints, parchment wrappers, box lots. 57c per pound; cartons, 58c; half boxes, a more; less than half boxes, lc more; but teerfat. No. 1, 55 5Jc per pound at sta tions; Portland delivery, 5Sc EGGS Buying price, current receipts, 45c. Jobbing prices to retailers.: Can dled 48r3Uc; selects, 51a52c. CHEfcSK Tillamook, f. o. b. Tillamook; Triplets. 20c; Young America. 30c. POULTRY Hens. 20i.27c; broilers. 25 28c; ducks, 25UJ35o; geese, nominal; turr keys, nominal. PORK Fancy, 23c per' pound, VUAL Fancy. 22o per pound. Fruits and Vegetables. FRUITS Oranges. $3(37.50: lemons. $4,0040 per box; grapefruit. $4 0.50 per box; bananas, 11 12c per pound; apples, new. $3.25c'4.75 per box; cantaloupes, $203 per crats; cherries. 5 'a Do per pound; watermelons, 4 Vic per pound; apri cots, $2.50 per crate; pineapples, 17 c pel pound; peaches, $2.252.o0 per box ; plums, $2.853.25 per box; currants. $2&2.50 pet crate; raspberries. $4.254.50 crate; casa bas, 6(&7c'"ier pound; grapes. $2.2503.50 per crate; loganberries, $2.75(3 ier crate; pears, $6.50 per box. VEGETABLES Cabbage. 33Vic per pound: lettuce. 1.-50 to S2.50 per crate: cu cumbers, $12.50 per dozen; carrots, $3.50 horseradisn, -c per STOCK SELLING HEAVY FOREIGN' SITUATION- CAUSES MARKED SLUMP. Popular Specialties Break AbrupU lj Bonds Not, Affected by Unscttlemcnt. NEW YORK. July 23. Trad in i on the stock exchange today was almost entirely obscured by foreign events, the market for international remittances evincing decided weakness as a result of latest develop ments In Central Europe, particularly the Russo-Polish situation. Heavy selling of bills on London, Paris and Berlin effected further material -impairment of rates to thoss Important centers, finally encompassing many of the neutral capitals, as well as far eastern and other remote centers. Optimistic trade prospects, as voiced by Chairman Gary and other leaders of In dustry, and liberal offerings of call money at 8 per cent, albeit 9 per cent ruled at the end, were of little avail in the further abstention of public interest. Steels, equipments, oils and motors recorded extreme reversals of 2 to 5 points from their best, popular specialties also breaking abruptly at the weak finish. Sales. 473,000 shares. Bonds were not afffected by the un settlement In the stock market, liberty issues and the general domestic list hold ing steady. Total sales (par value). $.750,0oo. Old United States bonds un changed on call. CLOSING STOCK QUOTATIONS. Sales. High. Low. Last. 80 S7V4 KH 80 00 3?s 3!) HUVi 300 130 134 Vs 134 Vi 1.100 83 82 '4 8314 000 S3H 82S . 82 7x OS V 90 D6V 4UO 59 V- O'.Mi 59 Vs 1 IL'4'4 124 i 124 "4 400 88 8TV4 87 800 04 04 Vi 4,i 04.50 ner sack: horseradish. 2oc . . .. ., , 11,. I pound; garlic. 40c; tomatoes, $3.75i3'4.per '" " ." '"box; peaa, 710c per pound: beans. 10 14c per pound turnips, $J.oO pound. POTATOES New pound. ONIONS Tellow. wool market here is declared to be the closing down, or partial closing down, of factories In ths east. The chance that those factories will once more get Into the mar ket for the raw product depends largely on the - market for their manufactured goods. The sluggishness of the wool market Is also felt in Argentina, according to advices received from there. It is declared that the unprecedented accumulations of wool there are being offered by the Argentine department of foreign affairs to European consumers through diplomatic channels, on credits of from one to two years. It Is understood that 100,000 tons of the coarse crosabreds have been offered to Belgium at a price not made public. The largest single sale reported from there In several months was concluded when 1,200.000 pounds of coarse cross bred were disposed of. This grade of Wol. whioh is now selling there at from 10 to 13 cents, sold during the war as high u 70 cents, it' Is reported. In a bulletin issued to wool growers by S. Sllberman & Sons of Chicago the growers are advised to ship their clips to reliable firms in oentral markets and hold tfeera until fall, when, it is declared, much better conditions are likely to prevail. The bulletin says that the Immediate supply of wool is In excess of the Immedi ate demand In this country; but predicts that within a few months the market will become adjusted to such an extent that the importation of some of the finer for eign grades of wool will be necessary. "The bearish argument most frequently employed at present is that the mills have ghut down or are running only two or three days weekly," the bulletin declares. "Our reply Is that it is not normal for either the mill or clothing Industries to run continuously at full speed and overtime ZZ. T" .r.-T". -."r.., """" I TALLOW No. a alack period has occurred practically I CASCARA BA every year. The stoppage of machinery is weights, old peel more drastic at present because we have I pound. had such a continuous run during which wool was conMumed by this country in larger quantities than ever known before." beets, 3.504 per sack; per sack; eggplant, - c white, 40Sl.4o per $202.50 per sack. Staple Groceries. Local jobbing quotations: SUGAR Suck basis: Cane, granulated. 23c per pound. HONEY New. l7PT.no case. NUTS Walnuts. 22fe3Sc: Brazil nuts. 35c; filberts. 30&'35c; almonds, 35c: pea nuts, H(p)l3c; cocanuts, Sl.io per uoxen. SALT Half ground. lulls. $17.25 ton; 30s. $18.75 per ton; dairy, $26.50 per ton. RICE Blue Rose. 14 c per pound. BEANS Small white. 7V4c; large white, 714c; pink, 8Vic; lima, 12Vic per pound; bayous, llic; Mexican reds, lOVic per lb. COFFEE Roasted in drums, 3U&OUC. Hides and Pelts. HIDES Salt hides, over 45 pounds, 14c; green hides, over 45 pounds, 12c; salt hides, under 45 pounds, 33c; green hides, under 45 pounds, 11c; green or salt calf to 13 pounds, 25c; green or salt kip, 13 to 30 pounds, 15c; salt bulls, 12c; green bulls, 10c; dry hides. 22c; dry salt hides, 17c: dry calf under 7, pounds, 30c; salt horse, large, $0.00; salt horse, medium, $5.00; salt horse, small, $4.00. PELTS Dry fine long wool pelts, 15a; dry medium long wool pelts,. 12c; dry coarse long wool pelts, 10c; salt long wool pelts, $2i.3: salt lambs' wool pelts. 50c $1: salt shearlings, 25 50c; salt clippers, 1 jQ)25c. Provisions. Local Jobbing quotations: HAMS AH sizes. 4240c; skinned. 41 4tlc: picnics. 25c; cottage, roll, 35c. LAUU Tierce oasis, jc; snorLenmg. 1 1- Tmr nil 1 1 ri 1 1 DRY SALT Short, clear backs, sjbsdc per pound; plates, 23c. BACON Fancy, 4Biosc; stanaara, 15a per pound. Wool, Cascara, Etc. MOHAIR Long staple. 25c per pound. 1, c per pouna ; A a- z. Am Beet Sugar Am Can ..... Am Car & Fdy Am H & L pfd Am Inter Cor Am Loco .... Am Sin &. Rfg Am Sugar Am Sum Tob. . Amer T & T Am Woolen . . Am Z L & S Ana Copper .. Atchison At G i W Ind Bald Loco ... Bal & Ohio .. Beth Steel B. C'al Petrol . . . Canadian Pac Cent Leather. Cliand Motors t'hes & Ohio Chi M & St P Chi & N W . . C R J & Pac Chino Copper. Corn Products Crucible Steel Cuba C Sugar Erie Gen Electric. . Gen Motors Gt Nor pfd . . N Ore Ctfs Inspir Copper. In M M pfd .. Inter Nickel. . Inter Paper . . Kan City Sou. Ken Copper . . Louis & Nash Mex Petrol .. Miami Copper Mid States Ull Midvale Steel. Miss Pacific. . Nevada Copper N Y Central.. N Y N H & H Nor & Western Nor Pacific . . Ok Fro & Rfg Pan-Am Petrol Prinsyl"ania. . ! Pitts & W V. . Ray Con Cop Reading Rep I & Steel K uutcn N X Shat Oris Cop Shell T & T. . Sin Oil & Rfg South Pacific. Sou Railway. . S o or is j prd Studebaker Co Texas Co . Texas & Pac. . Toh Products. Trans Oil .... Union Pacific. U S Food Prod U S In Alcohol U S He Stores U S Rubber . . U S Steal . U S Steel pfd Utah Copper. . West union... West' house El. Willya-overl'nd l,5oo 300 COO 8IH 700 lO.soo 900 3.000 200 3,400 1.500 1.0OO 1.400 8U0 IOO 2,300 0OO 6. 1 00 J.MO0 9,700 1.000 2t0 7.300 300 100 100 400 6.200 2,500 2O0 700 100 7,300 200 4,000 300 2,500 300 500 1,400 400 3O0 1.100 7, 700 1.000 2.30O 30O 22.5(10 4.20O 7.KOO 100 1.O00 2,1100 l.noo 0.100 60O 1,500 4.500 1.300 1.2HO 1,100 800 1,000 3.000 2.000 4.200 17.700 300 500 100 000 700 High. S7V4 39 i 130 83 S3. 98 V, '59 124 "4 88 04 87 13 o 4 60 158 119 ;i27 89 4i 31 124 bt U8 54 84 09 37, 20 96 154 ' 47 13 142 23 70s 35 M 50 83 Vi 1S 85 17 71 251 99 40 20 12 07 30 74 88 71 4 104 39 30 Vi 10 02 92 70 01 71 M 30 7, 93 29 105 71 4 4G 40 6S 14V, 115 67 90 74 93 92 los 67 82 48 18 82 . 90 59 8T 04 8 1274 f.3 T9 153 114 30 87 31 122 C0 90 54 33 69 36 29 92 149 40 12 141 24 70 80 Vi 50 83 Vi 17 S3 16 25 90 188 20 Vi 20 . 40 20 12 6S 29 7lS 4 100 39 29 16 88 89 74 91 70 29 02 28 105 68 45 39 60 14 115 ' 65 80 71 Vi 1.0 90 lOS 67 82 48 17 80 13 53 80 153 115 30 87 31 121 0074 90 54 33 09 30)4 29 92 150 46 12 141 24 7" 35 50 8;i v 17 83 16 JN 'JO 20 40 2 12 68 7H4 4 1U1 39 74 Vi HI 70 30 92 H 28 105 45 3 6 14 115 65 4 8 71 !1 Vi 00 108 67 82 48 17 Whct dosed heavy Ho to lc net lower. with December $2.58 and March 2.62. Corn finished unchanged to down, oata off He to lc and provisions varying from 20c decline- to 17c advance. An expert whose crop estimates of late bava been near the government figures came out with a forecast putting the 1020 yield of spring wheat at UO0.OO0.00O bush els, despite existing conditions with rust infection spreading. He- also predicted 5OO.0O0.O00 bushels of winter w heat. Th estimates, together with reports of soaring rains in western Canada, led to a change of sentiment regarding wheat and more than offset as earlier advance due to sultry, moist conditions likely to increase, damage by black rust. Corn and oat, like wheat, declined as a result or bearish crop estimates. A yield of 2.000,000.000 bushels of corn was talked of and 1,400,000.000 bushels ot oats. This would mean 220.000,000 bushels more than was expected a month ago. The Chicago market letter received yes terday by Overbeck & Cooke Co. of Port land said of the Chicago market: wneat r iuctuations today were far less erratic and little headway was made In either direction. Trade was mostly in mall lota. Crop news was very mixed. temperatures In the American northwest high and favorable for rust development, which brought In an increasing number of complaints. Over the Canadian north west good, soaking rains were reived and fears of extensive deteriora fon re lieved, for the time being at least. Some private crop estimates ot a decidedly bear ish tenor were made public, one expert estimating the winter wheat crop at 550. OOO.OOO bushels, and spring 300.000.oou bushels. Cash markets were firm in all directions. although ' the export demand was less active sfnd gave rise to the be ne, mat wun tne Jbsnusn commission not showing any Interest, the sales abroad in the immediate future will fall off ma terially. It was said, and It sounds logical. that considerable of the recent purchases were made In anticipation ot trouble with Russia. If this is the case, tt cannot be considered other than simply a precau tionary measure which might develop ft reverse situation in the near future. CORN Influential news was conflicting. but in the main bearish developments out weighed, bullish theories. The streuatn early was based on high temperature In the west and southwest and the hasty conclusion being that the crop must suffer. What could be better than hot weatner following the most generous July rains In years? Such calamitous prognostications as this might give the market temporary strength, but will neither reduce nor in crease the actual supply and the relation of demand to supply must predominate. A local crop expert today estimated the corn crop of the country at 2.000.O0O.0O0 bushels, a gigantic total If realized, espe cially as this is larger than last year. It follows there Is likely to be difficulty experienced in financing Argentine crops which was offered today at 50 cents a bushel under the American corn. Our observations at this time fail to find where there will be any aggressive demand for day to day spot offerings, evep If receipts are more than likely to drop and If these conditions result in an upturn in futyres Is doubtful. Oats Weak cash markets, especially In the light weights, was reflected by de cline in futures. Houses with seaboard connections were conspicuous on the sell ing side following advices from the east that foreigners were trying to resell. It is now quite certain that the final reck oning will show a much larger crop than previously was Indicated and the effect should be to depress the deferred futures. Provisions Trade light, scattered sell ing met small support, caueing weakness. Support was less conspicuous and it would, not be surprising to see a sagging ten dency again develop. Leading futures ranged as follows; WHEAT. EXCHANGE TAKES ACTION iaVKSTOCK BODY TCRXS DOWN "SKCRKT" PLAX. Sales at AorlU Portland Will Con tinue to Be Public Good Run at 'ards Reported. Agitation of certain Interests. . opposed to the publication of facts regarding sales and prices of livestock at North Portland, met with small sympathy yesterday after noon when the Portland Livestock ex change voted unanimously to continue the present practice of putting the sale price on each weight ticket. This is the first time the plan, agitated by some, of discontinuing the practice of putting the price pn each weight ticket, had ever come up for action by the ex change. Under ' the old system, which will continue in vogue as a result of yea terdav'i action, the sale price of each lot of animals Is placed on the weight ticket, thereby giving the shipper a reaay r.hrk na the sale of his stock. "The action was unanimous and we are proud of it," declared . I. L. Clark, secre tary of the exchange, yesterday afternoon. Fnllnwlnir the weak condition of the sheep market of the two preceding days the sheep sales at the stockyards yester day Indicated a general improvement m the market. Prices hej.d up pretty well and sales were fair. Hois remained barely steady with sales going as high as 17 c. Cattle were Ktp.riv with u failrv flrnod demand. Receiots at the yards were: 66 cattle. 88 hogs and 760 sheep, a total of seven carloads. Sales reported yesterday: Wt. Price.l 952 $ 8.751 1 hoc... 748 7.251 1 hog. .. . 600 8.001 2 hogs 650 6.751 2 lions. . . S.N0 S.SOl 5 hoes. . . 510 4.101 4 hoas. . . 900 5.101 8 hoes. . . 750 6.25 4 hogs. . . 760 7.001 6 hoas. . . 1265 8.001 2 hoas.. . 980 4.501 8 hogs 007 6.751 2 hogs. . . 650 4.00' 15 hoas. . . 980 6.001 1 hog. . . . 942 6.OOI 7 hogs... 950 6.0OI 7 hogs. . . 1050 6.501 Hon.... 727 7.001 1 hog. .. . 1082 6.7.11 4 hogs... S97 6.251 1 hog. ... 140 15.00118 hoas. . . 170 15.251 1 Iamb. . 140 15.251114 lambs 212 17.251 10 lambs. 143 15.251 4 lambs. 280 13.00142 lambs. 212 17.251 7 lambs. 390 15.00148 lambs. 290 16.751265 lambs " 248 17.001 122 lambs 103 13.251133 lambs 250 17.001 1 yearl. . 183 17.23! wethers 150 15.251259 weth. 340 15.001 3 wethers 240 17.251 1 wether 223 17.251 3 ewes... 158 17.251 5 ewes. . . 213 17.0OI 2 ewes. . . 163 17.251 1 ewe. . ... 2110 15.001 1 ewe. . . . 160 1T.25I 3 bucks; vance of 1 to 14 joints with Wall street B and commission li.iwa covering in response Rj to firmer Santos news, including a par tial advance of to In cost and freight offerings. Later the market made further galas. September advancing to 11.10c. December 11.30c and March to 11.37c or 35 to 39 points above the previ ous 11 1 c lit. Later realtxlng modified this advance somewhat, but the close was rath er firm at a net advanee 1 ta 33 points. Julv. 12.03c; September, 11.08c: December. 11.23c; March. 11.33c: May, U.S8& Spot coiree quiet: Rio Is. l-'.tc; aantos 4s. 1 8 W 2 0v BONDS. U- S 2s res 100'N Y C deb 6s.. do oupoii..l 1(111 IN f 41 U S 4s reg 105 do coupon ..'toa Pan 3s reg. , . ,.'IT do coupon ...ii N P 3s Pac T & T 5s. Pa con 4 s . . . cv as RK Per pound, gross Anglo-Fr us .9tt 11-18 So By 5s .... , l"e- new neel 10c Der A T & T cv 6s. 93IL P 4s . l.c, new peel, luc per A h 4 83iU S Steel 6s.. MINOR CHANGES IN WHEAT PRICKS Wheat Reparted fine Throughout the Northwest Country. Wheat prices on the local exchange re mained practically at a standstill yester day following the general advance of the preceding day. There were some minor changes but these were not considered sufficient to be ot particular significance. Hard white for September delivery dropped from $2.51 to 12.50 and spring wheat for November delivery advanced from S2.51 to 92.5- A crop report for the week ending uly WOOl- Valley, medium, 35c per pound; valley, coarse, quarter blood, 20c; coarse low and braid, 15c: coarse matted, 12c HOPS Nominal. GRAIN BAGS eCar lots: July, S0c; August, 19 c Oils. LINSEED OIL Raw. barrels, 1.83; raw, drums, 91. vu; raw, cases, si.us; bolted, barrels, $1.80; boiied, drums, xi.uj; boiled, cases, $2. TURPENTINE Tanks, xi. 00; cases. S2.ll. COAL OIL Iron barrels, i:a-uc; cases. L'NWdSC. GASOLINElron barrels. -0c; tank wagons, .oc; cases, tic. FUEL OIL, Bulk, x.10 per barrel. D & R G con 4s 62 Bld. 86 73 52 85 88 95 79 80 90 Open. Hi ah. Low. Close. Dec $2.59 $2.60 $2.57 t2.58 March.. 2.63 2.64 2.61 2.62 CORN. Sept 1.53 1.53 1.52 1.53 Dec 1.3!) 1.40 1.38 1.39 OATS. Sept.... '.77 .73 .76 .76 Dec... .75 l76 .73 .75 MESS PORK. July 26.93 Sept 8.60 28.35 28.43 LARD. Sept 19.42 19.50 10.32 19.40 Oct 19.00 19.90 19.72 19.77 SHORT RIBS. July 16.57 Sept 17 00 17.00 18.90 16.95 Wt. Price. 170 16.25 130 15.25 245 16.75 160 17.23 210 17.3 183 17.25 200 17.25 75 10.00 226 17.00 205 1 6.50 1S8 17.O0 290 13.25 228 16.75 130 13.00 228 17.00 218 17.00 330 16.00 430 14.00 827 15.00 470 13.50 206 17.00 70 6.00 72 7.50 60 6.50 75 7.50 70 7.50 71 7.50 72 7.50 67 8.25 71 9.65 78 10.00 110 5 00 115 3.00 81 6.63 03 7.2.1 140 6.50 116 3.00 . i:;o 5.00 110 - 6.00 150 4.50 150 5.00 leg 4.23 Yield DtJN'8 SAYS WILL CONTINIjK 21 Just issued by the Oregon-Washington Puainesa leeloyroent - Declared to Be Railroad & Navigation Co. declares that wheat is In fine condition throughout the northwest country. "The growing crops have had just the proper amount of moisture and sunshine during the past week," says the report. "and a large yield is assured. Grain in Constructive. NEW YORK, July 33. Dun's tomorrow will say: "An early breaking or tne present iuh In business does not appear to be in pros pect but some reoant developments in the situation have been of a constructive character. The improvement in the prin the eastern parC of the state is heading I cinal crona is a favorable augury for the well and shows good colors. Harvesting 1 future and acceptance of 'the railroad has already started in one or two districts I wage award will remove one element 01 and Is expected to commence in earnest the first of the coming week." Terminal receipts in cars were reported by the Merchants' exchange yesterday as follows: Wheat. Bar. Fir. Oats. Hay. Portland, Friday. Year ago 2 Season to date... 791 Tear ago 123 Tacoma, Thursday 8 Year ago 5 8eaon to date. . . 122 Year ago 55 Seattle, Thursday 1 Tear ago 3 Season to date... 56 Year ago 65 13 37 1 o 3 24 1 1 62 58 20 30 18 62 12 23 36 54 3 8 33 5 uncertainty, and may lead to quicker rnlief from the serious congestion transportation. Multiplying evidence of orloe yielding, moreover, cannot be proper ly regarded aa other than encouraging for prices that had risen beyond all prec edent had marked an unnatural and un wholesome condition, and could not iaii tn ultimately diminish consumptive buy ing. While some questioning is still heard as to the genuineness of the current price reaction, yet the downward movement, it not embracing Important articles, has steadily gained momentum in such lines as textiles and hides and leather, among Mining Stocks at Boston. BOSTON. July 23. Closing quotations: Alluuez 28 INorth Butte ... 16 Arts Com 11 lOld Dora 4 Calu & Ariz.... 7 lOsceola 28". Calu & Hecla. .304 Superior 4 Centennial 10 Sup & Boston. 3 Cop Range .... 38 Shannon 1 Kast uutte .... i-Vm i;ian won Franklin 83 I Winona 40 Isle Royalle ... 29 ! Wolverine 14 Lake Copper... 3 Greene Can ... 29 Mohawk 03 I Money Exchange, Etc. NEW YORK, July 23. Mercantile, paper unchanged. Exchange weak. Sterling, de mand, $3.75; cabtes, $3.70. Francs, demand, i.4; cables, 7.49; Bel gian francs, demand, 7.88; cables, 7.90; guilders, demand, 34.50: cables. 34.52; lire, demand, 5.28: cables, 5.30; marks, demand, 2.21; cables. 2.22; drachmas, 7.81. New York exchange on Montreal, 12 5-16 per oent discount. Time loans strong, uncnanrcd. Call money steady, unchanged. Bar silver, domestic unchanged; foreign 01 o. Mexican dollars, C8c. LONDON. July 23. Bar silver, 64d per ounce; money unchanged. Discount rates, short bills. eJo per cent; thi months bills, 6?6 11-16 per cent. GRAIN PRICES ED DOWN BIG CROP ESTIMATE FACTOR IX LOWERING MARKET. I others, and it is clear that many Ppeoj E t Eu,, Yield ot Winter " tive customers continue to hold off for 1 v Wheat Alone Will Be 550,- fnrther concessions." Weekly bank clearings, 1 .Uo4--0i,:t.. Egg Market Continues Firm. SAN FRANCISCO PRODUCE M.UIKE1 The egg market continued firm yes terday with a ready demand for stocks 1 Price Current on Vegetables, Freslg Fruits, Etc.. at Bay City, 000,000 Bushels. on hand While there was no advance in quota tions dealers predicted that there would be another advance for the first of the coining week. There were no large ship ments received from the country. Grain Bags Down at San Francises. Calcutta grain bags are quoted at 17 cents in the San Francisoo and Seattle markets, according to advices received in Portland yesterday. The low figure set by bags yesterday followed a general de- clino in prices which has been going on for the past week. The figures In San Francisco and Se attle have not yet affected the Portland prices materially. Cantaloupe Market Unsatisfactory. The cantaloupe market continues to he in a somewhat unsatisfactory condition ow ing to the large receipts of poor stocks. Dealers reported a fairly good demand yesterday, however, in spite of this. There are also plenty of stocks on hand. Ship ments received yesterday included nine cars of cantaloupes. A car ot California white grapes is also reported en route to Portland and is ex pected to arrive by the first of the coming week. SAM FRANCISCO. July 23 Extra grade. 60c: prime firsts. 59c. Eggs Fresh extras. uic; firsts, com inal; undersued pullets, 30. -00. Cheese Young Amerloa, 00c. Beans SStlOo; Italian, 10i11c; toma toes. $1,25 4 1.7o : eggplant, T5eu)l; corn $293; potatoes, 44c; celery, .50((J T.uo. Strawberries. 8-ox. baskets. 6oS6c; 12-os. basket, oooai.io; watermelons. 3f$4c: apples, Astrachans, 4-tier, $1.2o 1.73; 4-tier, $l.iaw-; cherries, black. 1218o. Receipts- -Flour, lnio - quarters: wneat, 1U0O centals; oats, 2420 centals; beans, 2100 -,cks: corn. 73 centals; potatoes, 411 sacks; onions, 625 sacks; hides, 147 rolls livestock. 1027 head; orange, 500 boxes. Metal Market. NEW YORK, July 23. Copper steady. Unchanged. Iron steady, uncnangea. Tin Steady; spot. July and - August, 00. 00c. Antl nony unchanged. Lead Steady, unchanged; spot, S.50c 2iinc steady, uncnunsea Mew Vork Produce Market. NEW YORK, July 23. Butter Easy; creamery, higher than extras, 5657c; creamery, extras, auo; creamery, first, 5: 65 Estes -Firm; rresn gattvered extra firsts. 51053c; fresh gathered firsts, 47 6 50c. Cheese irregular, uncnangea. CHICAGO. July 23. Bearish crop esti mates tended to depress ail grain values Butter I today notwithstanding the black rust peril. Cash Drlces were as follows: Wheat No. 2. $2.83; No. 3 dark. $2.88. Corn No. 2 mixed. $1.561.67; tio. 2 yellow. $1.571. 58. Oats No. 2 white. 9798c: No. S white. 9096c. Rye No. 2. $2.25. Barley $1.10, 1.22. Timothy seed $913. Clover seed $30435, Pork Nominal. Lard $19.05. KiUa $10.250 17.25. Seattle Feed and Grain. SEATTLE. Wash.. July 23. City deliv ery. Feed Scratch feed, $90; feed wheat, $95: all grain chop, $80; oats. $78: sprout ing sats, $81; rolled oats, $80; whole corn,' $84; cracked corn, $80; rolled barley, $75; cupped oariey, sso. Seattle Grain Market. SEATTLE, July 23. Wheat Hard white, soft white and northern spring. $2.55; white club, hard winter and red winter, $2.54; red Walla Wnlla, $2.53. Minneapolis Grain Market. MINNEAPOLIS, July 23. Barley. 00c 3 $1.15. iax jo. , as.-i 9.M',t, SAYS WOOI, MARKET AWAITS BUYER Some Openings of Goods Reported to Be Made by Mills. BOSTON, Mass., July 23. The Com mercial Bulletin tomorrow will say: "President Wood of the American Woolen company epitomised the wool situation when he says that the market is awaiting the buyers. The market gen erally is dull still and values are more or less problematical. " In the weat the growers are either consigning their wools against moderate advances or else are holding them, actual outright sales being few. "Some openings of goods are being made for the lightweight season by the mills but no marked results are reported from these openings. The American Woolen company's resumption of operation is still uncertain. The prices follow Scoured basis: Texas Fine. 12 months, $1.6031.65 fine. 8 months. $1.401.4o. California Northern, $1.60: middle county, $1.50; southern, 1.30'1.33. Oregon, Eastern No. 1 staple, $1.65; eastern clothing, $1.451.50; valley No. 1, $1.50. Territory Fine staple, $1.63 0 1.70: half blood combing. $1.50; 3-8 'blood combing. 95cn,$l; fine clothing, $1.50; fine medium clothing. $1.45 1.30. Pulled Delaine. $1.70; AA, $1.5001.55; A supers. $1. 30 S 1.40. Mohairs Best combing, 5.2954c; best carding, 47648 New Tork Cotton Exchange. NEW YORK, July 23. Spot cotton quiet Middling. $43.75; Dried Fruits at Mew Tork. NEW YORK, July 23. Evaporated ap ples dull. Prunes steady.- Peaches quiet. Dulnth Unseed Market. DULCTH, July 23. Linseed, $3S8S 4S. 17 steers. 13 steers. S steers. 9 steers. 1 cow. . . 1 cow. . . 7 cow. . . 7 cow. . . 0 cows. . 2 cows. 1 cow. . . 10 cows. . 1 cow. . . 3 cows. . 1 1 cows. . 1 com. . . 2 cows. . 15 cows. , S oows. 4 cows. ihoe. . . hog. . . 1 hog... 9 hogs. . 7 hogs. . 1 hog. . . 5 hoas. . 1 hog. . . 2 hogs. . 5 hogs. . 3 hogs. . 3 hogs. . 3 hogs. . 3 hogs. . 1 hog. . . 1 hog. . , 3 honst. T hogs. . 3 hogs. . 3 hogs. . 1 hog... 4 hoas. Chicago Livestock Market. CHICAGO, July 23. Cattle Receipts, 4000 head; grassy and heavy steers slow, steady; good yearling handy weight BU-ady to strong; no choice on sale; good light steers, $16.5018; heavy beeves. $16.25; bulk, all T-elght. $12.50 16; best she stock, calves and bulls, steady; medium cows, draggy; good and choice veal calves, $10 ift;ir, XO: ton. $17: stockers. steady. Hogs Receipts 22,000, opened steady to 13c higher; advance now mustly lost: early top, $16.50; lata top. $16.30; bulk light and Ilifht butcher, aio.oodji iv.ou, pac&ing sows, $14.1514.40; plga strong. Sheep Rscetpls. 12.000; lamba steady to 25o lc-.ver. Sheep mostly steady; choice Id iho lambs. $15 90: top native lamos, $15.25; bulk, $1214.50; choice Montana wethers, $0.75; top pative ewes, $3; choice feeder ia,mbs, $13. i5. Omaha IA.estock Market. OMAHA. July 23. Hois Receipts 10.500 head; few early sales strong; general mar ket steady; quality common; bulk, $14 14.75; top, $15.50. Cattle Receipts liuv, maraei mow. about steady on call classss; best beeves, $16.00. Sheep Receipts ouuu. Killing classes .uc higher: best lambs, $15.2o; wethers, J; iwea, $7.50 j feeders, strong. ; Kansas City livestock Market. KANSAS CITY. Mo.. July 28. Cattle. 2200: quality plain; native classes. ' mostly steady; Inferior to medium grass steers. $7.5010.60; quarantine receipts, 14 cars; sales strong at $10&12.50; calves. 60c higher; choice medium weight veaiers. aia. Sheep. 1500: all grades and classes gen; erally steadv; bulk good, and choice lambs $1414.50; culls, $7tf7.50; few fat sheep offered; feeder ewes, $5sj6.23. Seattle Livestock Market. SEATTLE, Wash., July 23. Hogs Re ceipts. 154; steady; prime, $17.250I7.85; medium " to choice, $16.2317.25: rough heavies, $14. 50 15.50: pigs. $12.50 13.50. Cattle Receipts. 34: stronger: prime. $ll11.50; medium to choice, $u.5010.50; common to good, $7&8.50; best cows and heifers, $8.50&9; medium to choice, $7$ 8.50; common to good, $5.506.50; bulls, $5.50 6.50; calves, $7014. Coffee Market Makes Gains. NEW YORK, July 23. The market for coffee futures opened steady at an ad- TWO FISHERMEN LOST J. B. Simon son and C. Adams Bp- lieved Drowned. ASTORIA, Or., July 23 (Special.) Word has been received by H. G. Smith, manager of the Warren Pack ing; company, statins; that two risner men employed at the Alaska-Portland Packers association a plant on mu- cfcagak river, Alaska, have been miss ing- since July 8 and are supposed to have been drowned. The men are J. B. Simonson, whose address la fjtven as 135 West Commercial street, Astoria. and C. Adams of 1360 North Seventh street, Portland. The two men. who were srillnetters, left the company cannery on July 9 for the fishing grounds and no trace of them or their boat has been found since. Simonson was a native of fin land. 36 years old and has a wife who resides in this city. RAIL DELAY CLOSES MILL 33 Men at Millington Out of Work Through Lack ot Equipment. MARSHFIELD, Or.. July 83. (Spe cial.) Because the two carloads of steel rails necessary to opening- a logging- camp for its log supply at Uaylord have net been shipped, the Oregon Kxports company's mill at Millington has been elosed since July 3. and P.ortland, the place of ship ment, only 244 miles away. Local managers of the Oregon Exports com pany declare the rails have been ready for shipment and the delay is unreasonable. Tha mill and came a employ 133 men and these have been thrown out of work for more than three weeks on account of the delay. The mill saws between 40.000 and 50,000 feet daily. a considerable portion of which is white cedar. Tax Exempt General Obligation DAILY METEOROLOGICAL REPORT. PORTLAND. July 23. Highest temper ature. 78 degrees: lowest, 56. Rrver read ing. 8 A. M-, 13 1 leet: cnange in -4 hniii-M lll.fnnl fall Total ralnfalll (5 P. M. to 5 P. M.. none; total rainfall since September 1. 1919. 35.61 incnes; normal, 44 an: deficienrv. 8.K9. Sunrise. 4:43 A. M. : sunset. 7:61 P. M. Total sunshine, 9 hmirS btiH a mlnuten: nossible sunhtne, 15 hours and 8 minutes. Moonrise. 1:53 P. M.; moonset. 11:57 P. M. Barometer reduced to sea levell 5 P. M.. 80.02 inches Relative humidity: 6 A- M 87 per cent; noon, 60 per cent; o f. ai., oo per teui. THE WEATHER. EATING RECORD BROKEN Klamath Falls Newsboy IreronrsTao Sandwiches in Three Hours. KLAMATH FALLS. Or.. Julv S3. (Special.) The record of Walter Underwood, who last January ate 18 hamburger sandwiches in 4 hours and o minutes in a local restaurant, has been outdone by Vernon Anderson, a newsboy aged 17, who consumed 20 hamburger sandwiches of identical size in 3 hours and 20 minutes for a $10 wager. In addition Anderson drank several pints of milk and ate half a dozen small pickles. Next morning he was back at the restaurant at 5 o clock ready to start on. his paper route, and demolished a bis; stack of hot cakes and two cups of coffee before setting out. Underwood, previous title holder for the consumption of hamburger, has enlisted in the army. He is stationed at Heading, Cal. S "fl Wind 3 3 5 I I S o 2 Weather. stations, i 5 : : ? 3 2 : t : in j j Baker ... Boise .... Boston Calgarv .. tmcago .. . . Denver Des Moines.. Eureka ..... Galveston Helena . . . t Juneau Kansas City. Los ' Angeles. Marshfield. Medford Minneapolis . New York . . North Head. Phoenix Pocatello ... Portland ... Roseburg . . . Sacramento St. Louis ... Salt Lake San Diego . , San Fran , . . Seattle TSitka .... Spokane ... Tacoma . . TatooBh ... tValdcz ... Walla Walla Washington Winnipeg i aklma . . . 401 88i0.Oujl4SE Cloudy 68 88:0. 00. .iSK Cloudy 6S( 84 0.0Oil2 SW Cloudy 44 760.OOI1OISE Clear 68 9!0.0020W Clear 66 S2 0.oo:io NW Cloudy 74 92 0.O0 .. N Pt. cloudy 66 62:0.00 14 NW Clear 76 SSI0.00 12S Clear 52 82 0.00 .. NE Cloudy 50 15V0.0O . . S Rain 76 98 0. OO . . SW Clear 64 82 0.0O .. SW Clear . .. 720. 00 .. NW Cloudy 50 901 0.00 . . NW Clear 74 8J!0.02 . . SW Cloudy 6! 82:0.86 24 SW Pt. cloudy 50 00, 0.0(1 18 NW Cloudy 74 10O;0.O0 .. W Clear 84 7810.00 . . NW Cloudy 60 780.00 12 NW PC cloudy 52 80:0.00 . . NW Clear 62 88:0.90 lOiS Clear 78 t)S O.OOiUiSW Clear 74 8610.00 . . SB Cloudy 64 74i0.00..!w Clear 64 64iO.OOl!SW Clear 64 72!o.0O16N Cloudy 60 t62io.0ol. . elm Cloudy 62 88:0.001. . Hit! Pt. cloudy 62 74 0.00 10 W Pt. cloudy 63 60I0.02 .. W Clear 44 $5 1 i0. 44 .. NE Cloudy 68 9210.00 . . SW Pt. cloudy 72 02 0.00 .. SW PL cloudy 62 66 0.14 12 N Pt. cloudy 64 90-0.00 .. NWjClear tA. M. today; $P. M. report of preced ing aay. FOECAST. Portland and vicinity Saturday" fair, westerly winds. Oregon and Washington Saturday fair, moderate westerly winds. 6 First Mortgage Bonds Tha Bonds That Afford the Greatest Degree f Security. Secured by First Mortgage on Fertile and Prosperous Farms in Oregon and Washington. ' . Income 6 NeJ. Normal Federal, Income Tavs Paid, Denominations, $500.00. $1000.00. $2200.00. $5000.00. Maturities, Three, to Ten Tears. Vena Inquiries far further Information -will receive oar prompt attention. Commerce Mortgage Securities Company Phone Mailt 3067. Grenad Floor, Chamber of Commerce Bldff.. 91 Third Street. II lOIOl Bank Clearings, Bank clearings of the northwestern cities yesterday were as follows: Clearings. Bftlanc. Portland $5,820,514 $1.05 S16 Fi-attie Tacoma .......... Epokane 2.0S3.731 810,14 Chicago Produce Markets. CHICAGO. July 23. Butter Lower. Creamery, 43 54c. Eggs Lower; receipts 11,580 cases: 6,68:1.078 2,215.440 firsts. 43 U 4 1 Vic ; ordinary firsts, 40042c; j-ji.!ji:i 1 as mark, cases inciutiea, 5yc stor age packed, extras, 46c; storage packed, firsts, 4543c. Chinook Salmon Scarce. Sealers reported a scarcity of Columbia river spring cninooa saimon yesterday. The stesijy. Centrifugal. 16.56c. Refined, uu acarcity is said to be due to the muddy . settled ; tine granulated, 21S 2.DUc, New Tork Sngar Market. NEW FORK. July 23. Raw sugar, 6 Farm Mortgages 6 Secured by some of the best improved farms in the State ef Oregon, netting the investor 6. We have on hand -amounts of ?1000 to $10,000. City mortgages in amounts from $500 up, netting 6 to the investor. Pacific Coast Mortgage Co. (Established 25 years) -----319 Ry. Exch. BIdg. Phone: Main 675 I) O D o o D o .9 State and Municipal Bonds A Splendid, Well Sean-fid Investment Ayan investment, state and municipal bonds are in a class by themselves, since taxes must be paid, and will be, as long as the citizens of a municipality are solvent. For this reason, and because the interest re turn is good, there is no better investment for the average person than that of General Obligation, Tax-secured, Municipal Bonds. The Bond Department of Ladd & Tilton Bank owns and offers several blocks of such bonds, and will be glad to discuss their ad vantages with those interested. Bond in vestment should appeal at present to all with some idle money, since prices are low, and interest high the ideal combination for investment. . Let us tell you of some of the bonds we can sell you just now. BOND DEPARTMENT Ladd & Tilton Bank Oldest in the. Northwest Washington and Third $57,000 Water Bonds City of SODA SPRINGS IDAHO Dated July 15. 1919. Due serially, 1932-39 Denomination $1000. Price 100; yield 6C Principal and Semi-annual Interest Payable in, New York or at Morris Brothers, Inc. CODA SPRINGS is the judicial seat of Cari bou County. It is situated on the Oregon Short Line, 70 miles east of Pocatello. It is one of the oldest settled valleys in the state. The land in and about the city has been settled for more than 40 years and produces abundant crops. These bonds provided funds for doubling the city's electric power plants. The city's assessed valuation (1918) was 1504,457; real value, estimated, $1,000,000. Bonded debt, including this issue, $91,500. Telephone or Telegraph Orders at Our Expense Can. OaeMikuon .De-iutf Morris Brothers ihs- Ae fPremtercMuructpaJondHous9 tsrasulMoI OveaQuMrrol Seattle VORRI3 KI-DG-. San Faaclseo) CisTum, Central Bids. POIITLANO, OS. Xler.Kat.Blds. Bandon Rate Rise Asked. MARSHFIELD. Or.. July 23. fSne- cial.) The Bandon Power company, which maintains a 24-hour service for illumination and power, has requested a permit to increase its rates to con sumers. According- to Public Service Commissioner Williams, who heard the arguments for the increase, the rise asked for is not an excessive one. The company says it must have this boost that it may liquidate the inter est on bonded Indebtedness. A deci sion is not expected for several weeks, Advertising Fund Appropriated. MARSHFIELD. Or.. July 23. fSne- cial.) The Coos county judge and commissioners have signed an order for the expenditure of S1000. half the estimated cost for a proposed publicity. Dooiciei to be issued setting forth the various resources and other attrac tions of Coos county. The commercial bodies of the several cities will make up the other $1000. It is proposed to have the books ready for distribution In s-eptember. ATTENTION Livestock Shippers We invite all shippers of live stock to stop at the Union Stockyards, Caldwell, Idaho, for feed and water. Our yards are fully equipped to give the shipper the very best service, including electric lights, paved alleys, covered pens, double and single decks, loading chutes and separating chutes for sheep, carload scales, etc. Blue grass pa stare, sheep tight. Wire us at our expense when your shipments will arrive. UNION STOCKYARDS CO. J. W. Smeed, President. Caldwell, Idaho 7' Preferred Stock Portland Gas&Coke Price $98 Per Share Robertson & Ewing 207-8 Northwestern Bank Building TRAVELERS' GCIDE. SUMMER VACATION EXCURSION FARES TO OCEAN RESORTS Season tickets are on sale daily, good to return until October 31st, and allow stop-overs. Week-end tickets are on sale Saturdays and Sundays, limited to return fol lowing Mondays. Clatsop BeacH GEARHART AND SEASIDE NORTH BEACH POINTS Round Trips $4.50 Week-Ends $5.50 Season Trains carrying observation parlor cars and coaches leave North Bank Station 8:30 A. M., 6:20 P. M. daily, and 2:00 P. M. Saturday. , CONSOLIDATED TICKET OFFICE. THIRD AND WASHINGTON STS. NORTH BANK STATION. TENTH AiD HOXT STS. COLUMBIA PAClnO bHIPPING COMPASS" 'North China Line' Direct service without transshipment. PORTLAND to Kobe. Yokohama. Shang hai. Tslngtau. Taku Bar and Dalren. 8. S. "West Nivaria" Early Aug. Loading 8. 8. "West Nomentun" Late Aug. Loading S. t. "West Keats" Middle beut. Loading The above-named vessels are bow being booked. For further information regarding space, rates, etc., apply Traffic Department Board of Trade Building Portland, Oregon Astoria Route S. S. "ASTORIAN" t:S0 P. M. DAILY (Except Tours.) FAKE fl.6a. including tax. Taylar SC Dock. Pbonea Main 10$, tU-4. Mains a;syiiriM3 Astoria and Way Points STR. GE0RGIANA Bound trip daflr (except Friday) leavrs Portland 7:10 A. M., Alder-street aocl-; Leaves A-toria 3 P. M.. F lav el dock. Fare $1.65 each way. Special a la carte dining service. Direct connection Cor aoutu beaches. Mjht boat daily, 8 P. M., daily except Sunday. Tha Hark in Transporta tion Co. Main 1422. 641-22. C0r fill ii-,"RK (9 NAMfluCOBAH'A. JANCIR0.SANTO3. t BUENOS AYRE.S. HOLT LI HE Freorjent sailings from KewYerk by medern, fast and luxurious appointed pxsstifrr steamera or DOHSKT B. SMITH. 1KII llrosans;, Portland. Or. e 1 1 AUSTRALIA NEW ZEALAND AND SOUTH SEAS via Tahiti and Karatongo. Mail and l'a senger service frura 6an Iruncisco every 8 days. UNION S. R. CO. OF NEW ZEALAND, 230 California bt.. Nan Franci.o. or lovai wlesmshln and railroad Mcrnrlea. Phone your want ads to The Orego ruan, Main 707.0, Automatic S609S.