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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 30, 1920)
TTIE MORNING OIIEGONIAN, FRIDAY, JULY 30, 1920 19, E IS Interior Sales Reported to Average $2.20 to $2.25. GOOD WEIGHT RECORDED Grain Reported Excellent for Mill ing Purposes Big Crops Re ported by A. W. Douglas. "With the actual movement of the new crop wheat now under way in the north eat. Interior sales are reported to aver age around 9-.-0 per bushel on the soft gradea and 0 cents hifiher on the hard wheat. This is considerably lower than the Merchants' Exchange quotations at Portland. The movement of the new crop was re ported to be rapidly increasing yesterday and growers were said to exhibit a sen era! din position to sell at the going quota tions. The new-crop wheat weighs from 5S to 62 pounds to the bushel, according to threshinar returns, which Is better than the average for several seasons. The grain Is reported exccllent-for milling purposes. Another drop in wheat quotations was registered at the noon session- of the Mer chants' Exchange when the bid price on severitl varieties went down 2 cents. Hard winter wheat was the only variety which registered an advance. It went up 1 cent over quotations for the preceding day. closing at I2.U0 for September delivery. Irops of 2 cents were recorded by hard white, red winter and northern tpring. Soft white, white club and red Walla Walla remained at the figure for the pre ceding day. Weather reports for the grain belt re ceived yesterday announced that it was clouding up at Omaha and looked like rain. In the remainder of the grain-growing sec tions clear and fine weather was reported. Heports from western Canada were favorable. The weather forecast announced that It would be generally fair today, except un settled weather with probable thunder storms in South Dakota, Nebraska and Iowa. "Everywhere the landscape is glorious with growing crops," declares A. W. Doug Ins, chairman of statistics of the cham ber of commerce of the United States in a report made on nation-wide conditions. Mr. Douglas cites the general spirit of the times which demands prices because it can get them as one outstanding rea son for high prices of food In the face of such abundant produotlon. The cost of production and Inadequate transportation are given as other factors. "We shall harvest about 32r,00t(,000 bushels of spring wheat, provided black rust does not get Into spring wheat," says Mr. Douglas. "There will be more oats. Also more hay, an Immense yield, in fact. "And this is of vital moment to all rais ers of livestock. "The corn crop looks most promising, but Its yield depends on the amount of rain it receives In July. Cotton Is coming back. "The apple crop, despite a heavy 'June drop," promises to be the largest in many years. There are numerous people who, like the Shulamite maid In the Song of Solomon, desire to be stayed with flag ons and comforted with apples. They at least will have the apples this year, what ' apples mean commercially may be gath ered from the statement that about 60,000 cars are annually shipped to market at a value of about $72,000,000. "Among the growing and Important ag ricultural industries Is that of dairying, with an annual production worth about $2,000,000,000, It is supplanting the im portation of canned milk in states where the dairy cow was once only the posses sion of private families. "Tho great grazing ranges of the west are generally in good condition. There are dry spots here and there, but on the whole throughout the country the pre cipitation has been abundant. Small grains and fruits, however, in some por tions of California were much damaged by an early drouth. . "Naturally the question arises, why are prices of food products still so high when the supply Is abundant? There are sev eral reasons. The cost of production Is greater than ever before. This is espe cially noticeable in livestock because of the high cost of feed and of labor. Trans portation la more expensive and most in adequate. The demand, both domestic and foreign, is still very large. Then there is the general spirit of the times, which asks prices becaase it can get them. A lessened demand, which will come with a slowing up in general business activity, will be the prelude to lower prices in food." Grain receipts In cars were announced y the Merchants' Exchange yestarday as follows: . - . ' 'Wheat.'Barley.Flour.Oats.Hay. Pert'd, Thurs. 42 Tear ago 1 Season to date. f"7 Year ago ItH ' Tacoma. Wed. 12 Year ago Reason to date. 100 Year ago 114 Seattle. Wed. 1 Year ago ! Season to dale. ' Year ago 122 MOV MENT OF CROP flOW UNDER WHY 1 1 .... 1 1 . 3 . . . . 3 J 5 4! 2 .".3 42 66 37 SO 3 1 3 05 2 33 25 1 - . " . " ' i " ' 5 It 4 27 .... 157 14 r.S 32- 41 lOCAL WOOL MARKET STILL SLOW Moderate Movement Is Reported In Boston Wool Markets. The wool market baa not opened up here in spite of continued reports of some movement In Boston. There has been some activity on a consignment basis. The New York Commercial says of the Boston market: "Lew prices for wool and noils seem to be creating some demand in the market here. A moderate movement has been accomplished this week with speculat ing buying conspicuous in the case of noils. Medium sorts have participated in the business, including quarter-blood fleeces. A considerable turnover of quar- terb'.oods la reported for the period, sates being made generally at 4 cents, but sometimes for less. Transfer of approxi mately 100. 000 pounds nas been made In one quarter on a basis of 80 cents scoured. "About 83,000 pounds of the carbonized Australian wool has been sold on a basis of $1.40. Further Bales have been made from the atocks of Australian wool held here on account of the British govern ment. The sales of such stock since June 20, when the lower reserve limits went Into effect, have been about 5300 bales. The sales have Involved mainly the best comb ing at a range of $1.40 to $1.60, scoured basis. This leaves about 11.000 bales for distribution. Other foreign sorts sold here Include 80.00O pounds Montevidlo half blood 60s at $1.38 clean. "Consignments of territory wools con tinue to be made freely, but dealers are loth to take medium and low grades, even on this basis. Advances over 13 per cent will not be made for such staple and,- as some growers are holding for 25 cents on the same, dealers are free of any burden from them. Jt la difficult to fix a basis for territory wool in this" market, but approximately quotations are made, as follows: Fine staple, $1.70 to $1.75 clean; fine and fine medium clothing. $1.50 to $1.60.. The early lots of Utah wools have been made on the basis of $1.60 to $1.65 for fine: and fine medium." Walla Walla Onions bo Readily. Walla Walla onions are now making their appearance In the Portland market and arc eolng readily at $2.00 to ti.'S a sack. The market had been suffering for lome time as a result of some inferior stocks shipped in from California. The ship ments from Walla .Walla ar of a fine quality. SHIPMENTS' OF EI.BERTAS ARRIVE reaches Prsmlw to Be Scarce Raspberries io Down in Price. A few express shipments of Elberta peaches from California have already be gun to come in and there has been no trouble In moving them at $2.50 a box. Beginning next week there will be large quantities of these peaches available to take care of the Portland demand. Peaches promise to be scarce In the Portland market this year.. There will be no Willamette valley crop this year and the Takima crop also will be light this year. The consequence Is that thla city w-111 have to depend principally on ship ments from California. , The market price of raspberries has gone down to $3 a crate. The drop fol lowed the action of canneries in reducing their price from 25 to 15 cents a pound. Tomatoes Coming In. An Increasing supply of tomatoes is now coming In for distribution In Portland with the result that the price is going down. Sales of the best tomatoes from The Dalles were reported yesterday at $1.75 a box. This price was for the best quality. Quantities of California stock are also coming in. Potato Market Still Uncertain. The potato market is still in a some what uncertain condition and prices are erratic. The majority of the purchases are being made from . growers at around $3 a hundred, but dealers say the graded variety Is worth considerably more than that. - ' Some resales ware reported yesterday as low as $3.50. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland $3.247.UM5 $ 74!,777 Seattle . ... 6,071,151 1.606.136 Tacoma 712.762 200.607 Spokane l,56i,8l 006,073 PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc. Merchants' Exchange, noon session: Wheat Hard white Soft white Will to club Hard winter Kel winter Northern spring .... Hed Walla . . ." No. 3 white field... Barley No. 3 blue Standard feed Corn No. 3 yellow No. 3 east, yellow.. Sept. . .$2.30 . .. 2.30 . . 2.30 . . 2.30 . . 2.26 .. 2.30 . . 2. as July Oct. $2.31 2.31 2.31 2.31 2.27 2.31 2.2U Aug. 50. 00 r.o.r.o 4U.U0 61. .-.0 60.00 Nov. $2.32 2.32 2.32 2.28 .32 2.M Sept. 4S.00 50.00 . 4B.0U 59.00 ob. 50 ..68.00 . .61.50 FLOUR Family patents. $13.75; bakers' hard wheat, $13.75; best bakers' patents, $13.75; pastry flour, 1 11. SO; graham, $11. w; whole wheat, $11.85. JJIU.FKKO trices f. o. b. mill: Mill run, $57?58 per ton; rolled barley, $U872; rolled oats. $7172; scratch feed, s748 per ton. CORN Whole, $7778; cracked, $799 80 per ton. HAY Buying price, f. o. b. Portland: Alfalfa, $254?26; cheat, $23: clover. $20; valley timothy, new, $2930. Dairy and Country Produce. BUTTER Cubes, extras, 54c pound: prints, parchment wrappers, box lots, 57c per pound; cartons, 5bc; halt boxes, Ho more; less than half boxes, lc more; but terfat. No. 1, 55j56c per pound at sta tions; Portland delivery, 5Sc. BOGS Buying price, current receipts, 45i 40c. Jobbing prices to retailers; Can dled, 48 50c; selects, 61 & 52c. CHEKSB Tillamook, f. o. b. Tillamook: Triplets. 20c; Toung Americas, 3Qc. POULTRY Hens, 18fi)26c; broilers, 250 28c; ducks, 25gj35c; geese, nominal; tur keys, nominal. PORK Fancy, 23c per pound. VEAL Fancy, 28a per pound. Fruits and Vegetables. FRUITS Oranges, $5.007.50; lemons. $4.50&6 per box, grapefruit. $49.50 per box; bananas, 1L& 12c per pound; apples. new, $3.2$y4.7a per box; cantaloupes. $2o.50 per crate; cherries, d?9c per pound; watermelons. 4Vsc per pound; apri cots. $2.75 per crate; pineapples, 17 He per pound; peaches, $2.252.5o pir box; plums, $2.8o)' J.2 per box; peach plums. $1.5001.75 per box; currants, $2.O'J02.5O per crate: raspberries, $3 crute; casabas. 62 per pound; grapes. $2. 25114 per crate; loganberries, $2.75&0 per crate; pears, $C-.5f per box. VEGETABLES Cabbage, 24c per lb.; lettuce, $1 502.50 per crate; cucumbers. $1.002.50 per dozen; carrots, $3.5oy4.&0 per sack: horseradish, 25c per pound; parllc, 40c; tomatoes, $1.73 per box; peas. 710c per pound; beans, 10gfl4c per pound; beets, $3.504.00 per sack; tur nips. $3.50 per sack; eggplant, 25c per pound, roasting ears, $4 per crate. POTATOES New white. 3&614e per pound. ONIONS Yellow. $2ifr$2.25 per sack. Staple Groceries. Local .lobbing quotations: SUGAR -Sack basis: Cane, granulated. 23c per pound. HONEY New, $77.50 case. NUTS Walnuts, 223Sc; Brazil nuts. 33c; filberts. 3033c; almonds, 35c: pea nuts, 14Sj15V4c; cocoanuts, $1.75 per dozen. SALT Half ground, 100s, $17.25 ton: 80s, $18.75 per ton; dairy, $20.50 per too. WCE m.e Rose. 14c per pound. BEANS Small white, ic; large white Hie; pink, 8ic; lima, 12hie per pound; bayous. llftc; Mexican reds, 10 He per lb. COFFEE Roasted In drums. 30650c Provisions. ' Locat Jobbing quotations: HAMS All sizes, 42&46c; skinned. 41 46c- picnics. 23c; cottage roll, 35c. LARD Tierce basis, zic; abortening, 22 !-2 c per pound. DRY SALT Short, clear backs, 25 0 27c per pound: plates, 21c. BACON fancy. 4D45Sc; standard. 33 43c per pound. Hides ana Pelts. 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 calf to 15 pound 25c: green or salt kip. 15 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, $6.00; salt ' horse, medium. $3.00: salt horse, small. $4.00. PELTii Dry fine long wool pelts. 15c; dry medium long wool pelts. 12c; dry coarse long wool pelts. 10c; salt long wool pelts, $2?8; salt lambs' wool pelts. 50c 0 $1; salt shearlings, 25 50c; salt clippers, 15 26c. Wool, Caacara. Etc. MOHAIR Long staple. 25c per pound. TALLOW No. 1, be per pound; No. 2, 6c per pound. CASCARA BARK Per pound, gross weights, old peel, 12c; new peel, lOo per pound. WOOL Valley, medium, 33c per pound; valley coarse, quarter blood: 20c: coarse I low and braid, 13c; coarse matted, 12c HUl-s rsomlnal. GRAIN BAGS Carlots: July, 18 '.4 c; August, 18 He ' Oils. LINSEED OIL Raw, barrels. $1.81; raw, drums. $1.90; raw. cases, ti.os: boihd. barrels, $1.85; boiled drums... $1.92; boiled cases. . -. v '. TURPENTINE Tanks, $1.96; cases COAL OIL Iron barrels, ISttc; tank wagons, -. c ; cases use. GASOLINE Iron barrels, 25 He; tank wtgoni, 23Vac; cases, 38c. FUEL OIL Bulk. $2.10 per barrel. ' SAX FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc. at Bay City. SAN FRANCISCO. July 29. Butter Extra grade,. 59c: prime firsts. 68c. Eggs Fresh extras. 58c; extra pullets, 5014c; undersized, 41c. Cheese Old style California flats, fancy. c ; lirois, i yg c. Beans 4 6c; bell peppers, 50 75c' eggplant, $1&1.25; green onions, $1.50; potatoes. $34.25. Receipts Fiour. 4876 quarters: wheat, 2263 centals; barley, 4283 centals: oats o040 centals; beans, .0 sacks; corn, 415 centals: potatoes, 10O8 sacks; onions. 700 sacks; hides. 0-S rolls; oranges, 1000 boxes livestock, 5!(0 head. Hay and grain unchanged. Raspberries, 75cii$l: peaches, baskets 1. .( 1.75; cherries, i018; avocadoes! loll v aozen. Read The Oregonlan classified ads. STOCK MARKET STRONG OPTIMISTIC- STATEMENT OF CREDIT HELPS. Rate on London Falls to Lowest Quotation Since Last March. Bona Tone Stronger. NEW YORK. Julv 20 A n .,.!.. rent of strength pervaded the stock mar ket today despite the more acute weak ness of International rmlt.n..- .1... on .London for example falling to the low est quotation since last March. Offerlnga of sterling bills were unusually extensive, according to the reports of "ci.t, , nume oi wnom were Inclined to regard the selling aa lartv -.... i .. . t Fri' " h. Italian and Spanish exchange re acted In sympathy with the break in Brit- Stocks derived mni.li i. .. i .. . from the optimistic atatement of Governor Harding of the federal reserve board re garding credit fnrwlit innu i -. caii..mo"ey was Bn additional factor. tit. ",olorB- woolens and textiles rallied with such ease as to cause urgent short covering and several prominent mixcel laneous specialties closed at gaina of 1 to 3 .,ntx- b'es &50.000 shares. Trading in bonds was less active, but tne tone was stronger, especially for liberty issues and several of the International F,'!0.Up,-- To"! sales (par value) $0,175,000. . J un'ted States bonds unchanged on CLOSING STOCK QUOTATIONS. Last Sales Am Beet Sug. l,.-,no Am Can xno Am Car A Fdy 1 300 Am HAL pfd. 1.8O0 Am Inter Corp 2,o0 Am Loco 3.SOO Am Sm & Rtg 2,000 Am Sugar .... son Am Sum Tob.' 300 Am Tel & Teli l.Oim Am Woolen .. 6.000 Am Z L & sm loo Anaconda Cop 3,000 Atchison 900 AG W 1 S S 2.200 Baldwin L.oco. 37 500 Bait & Ohio . . 3 :;oo Beth Steel B. 8,500 B & S Copper. 1,400 Calif Petrol . . unci Canadian' Pac. - 2.2O0 Cent Leather. 6.4D0 Chand Motors. 2,400 Ches & Ohio. . 1.O00 Chi M & St P 2.400 Chi & N W . .. -Jim Chi It I & Pac 5,500 Chlno Copper. 4'JO Col Fu & Iron 4"0 Corn Prods . .. 3.O00 Crucible Steel. 5.30O Cuba Cane Sug 6.5O0 Erie !MM Gen Motors .. 18.SOO Gt No ptd .... 700 Gt No Ore ctfs 400 Illinois Central " ,"oo lnt M M pfd.. J.200 Inter Nickel .. J .boo later Paper .. 3,5oo K C Southern. 7.200 Kennecott Cop 2,400 Louis & Nash. 200 High. Low. 84 37 132 78 77 91 36 ',, 118V4 83 94 80 13 52 7 ISO JOOT4 31 83 20 28 Vi 118 50 87 , 53 J 32 68 34 20 T 145 'i 44 11 - 22 68 34 '4 83 78 17 78 17 24 Vi 98 3 711 1 24 Vs 59 11 67 Vi 27 88 70 4 40 IM'i 30 26 15 'i 87 84 74 83 26 8!Vi 27 103 G4 44 36 034 12 114Vs 62 84 66 89 87 106 05 8T2; 47 16 Sale. 84 38 135 SI 7! 93 56 119 83 t3 83 13 53 '4 8I 153 112 32 84 21 28 122 57 90 54 33 us 35 29 Vs ti'-Z 92 150 45 12 22 70 34 8:: 79 17 S0 17 24 OS 183 10 20 40 25 59 11 67 9 ' 88 71 4 40 97 39 27 15 80 86 74 05 27 91 28 105 67 37" 04 13 113 63 83 69 89 Vi 89 107 65 82 48 17 4Vj 38 V 136 8t 79 4i 36 " 11014 84 954 83 V 13 53 A 80 15.1 112' 32 hi 85 21 122' 57 OOii 54 33 7 68 '.4 35 'i -20 32 93 4 150S, 45 T, 12 '4 23 70 34 i 83 Vs 7a, IX'i 80 , 17Vi 2. IIS 183 V 18- 20 40'i 25 5914 11 68 29 '.4 8814 71 it 4 40 07 '4 30 27 15 8!l 80 V 74 66 "4 27 91 14 28 lo.-, 07 V4 44 37H 64 H 13 11314 63 85 Vi tin io 89 Vi 3 07 65 8 2 Vm 48 17K Mexican Petrol 15,200 Miami Copper. 700 Mid States Oil. 700 Midvale Steel. 3.000 Missouri Pac. 2.40O Montana Pow. H00 Nevada Cop .. 0"0 N Y Central .. .70 N Y N H & H 2.S00 Norf & West.. 1.100 Northern Pac. 700 Ok Prd & Rfg. 1.200 Pao Tel & Tel 400 Pan-Am Pet.. 15. loo Pennsylvania. . 2,000 Pitts & W Va. IMXI Ray Con Cop.. 100 Iteading 20.6O0 Rep Ir & Steel 10.400 Royai Dutch.. 1,200 Shell Tr A Tr. 1.500 Sin Oil & Rfg. 27.10O Southern Pac. 4,500 Southern Ry . . 8,400 S O of N J pfd loo Studebaker Co 15.200 Texas Co 8.400 Texas & Pac. 2.400 Tobacco Prods 200 Transcont Oil. 2.60O Union Pacific. 400 U S Fd Prods. B.oO U S Ind Alco.. l.lloo U S Retl Strs.. 3.2O0 U S Rubber .. 0.300 U S Steel 47.400 do pfd 1.000 Utah Copper.. 2.200 Western Union lilO Westing Elect 800 Wlllys-Overlnc - 5,700 BONDS. U S Lib 3s.. BO.OSlAhglo-Fr 5s. 90 03 do 1st 4s. . . . do 2d 4s. . . . do 1st 4 s. . do 2d 4s. . do 3d 4s.. do 4th 4s. Victory 3s.. Victory 4s. . '..SO! A T & T cv A 84.54! Atch gen 4s.. 74 85.74 D & R G con 4s 62 S4 76i.- Y C deb 6s.. 86 88.06, N P 4s. 73 Vi 85.101 do 3s 95.76'Pac T & T 5s. 93.70:Pa con 4s.. 100 is P cv 5s.... 51 80 80 94 80 80 91 u s 2s reg. do coupon.. 100!.So Ry 5s. U S 4s reg. 105 P 4s do coupon . . Pan 3s reg. . . 105 81 S Steel 5s. Mining Stacks at Boston. BOSTON, July 29. Closing quotations: Allouez 28 Osceola 37 Ariz Com . . . Calu & Ariz . Culu & Hecla Centennial . . Cop Range . . East Butte . . Franklin Isle Royalle . North Butte . . 9 . 56 .290 . lOVi . 37 IV-i . 1 5 . 29 . 15 Quincy Superior Sup ec Boston Shannon Utah Con , . . Winona Wolverine . . . Granby Con .. Greene Can .. 48 4 3 14 6 43 15 33 29 Money, Exchange, Etc. NEW YORK, July 29. Mercantile paper, Lxcnange. weak. Sterling AwvnA "-"3t, i-auies, ..io'-; Irenes, aemand .tii: cables, ,.63. lieisian francs mand, 8.08; cables, 8.10. Guilders, dc- iiiauu, o..o; caDjea, a4.4. I.ire, demand. : cauies, i..o. Alarks. demand - : cables, j.ol. Drachmas. S. New York exchange on Montreal, 11 per cent dis count. Time loans, strong, unchanged. Call money, steady, unchanged. Kar silver, dome-tic. un. h , n,-.H r, eign, 93 c. Mexican dollars, 71c. LONDON. July 29. Bar silver changed. Swift Co. Storks. Closing; prices of Swift A Co ilnrb. Chicago were reported by Overbeck Cooke company of Portland as follows: Llbby McNeil & Llbbv .- 12 . 1H. .107 . 32H Nattonal Leather ... Swift & Co.- : Swift international WHEAT CLOSE IS FIXAXCI AIj OUTLOOK IE- PRESSES THE MARKET. Weaklier of Foreign Exchange Is Also Factor In Drop of Ohi- cago Quotations. CHICAGO, July 20. Attention to bear ish views on the financial outlook counted today in depressing the grain market after an all-around advance. Wheat closed heavy 1H to lHnet lower, with December $2.3o 'i and March 2.3G. Corn rMiifchd 1 to 2V. down and oats varying irom 10 1 decline to 1U gain. The outcome In provision wu a setback ot 2 to 13 centa. At first the wheat market had an up ward tendency . with other cereal owing largely to apprehension that dry weather might injure the corn crop. Later, how ever, the fact that export bids we.p ii to 8 cants lower put a' weight on the mar ket and so, too, did weakness of foreign exchange. Oats were governed almost entiri'y hy the course of other grain. Provisions ad vanced and then reacted with corn. The Chicago market letter received yes terday by Overbeck & Cooke company of Portland said of the Chicago market: Wheat Advanced with other grains but failed to hold, as there- wa-s nothing n the news to stimulate confidence on the buying side. It was intimated early that the British commission showed some in terest in the market but their bids were too far out of line to permit any business. Cash markets were weak in Chicago and the southwest, while in Minneapolis prices recovered from tha recent decline. The volume of export business has been a keen disappointment as it was generally be lieved foreigners would be after wheat in a big way as soon as the new crop was ready for markets. The situation looks quite osarisn. Corn fleneral short covering took place at the opening and immediately thereatt-r influenced by increasing complaints of crop deterioration In sections of Illinois n 1 ; Ohio valley due to dry weather. At tn advance it becama apparent that devel opments other than weather conditions W'ere shaping more and more in favor of lower prices. The most prominent item ot news was a message from New York dwell ing on the position of Argentine corn In this country. The situation was pictured as deplorable with that grain offered 45 cents Deiow the domestic variety and storage space insufficient to take care of the supplies. The financial situation is becoming more complex and seems bound to assert Itself by forcing liquidation of grain holdings. Oats Shippers reported a slight Im provement in the eastern shipping demand w men inaucea considerable buying of fu tures early in the day but the market rave way , later to the weakness In other grains and the realization that with country of ferings, to arrive, steadily increasing, a better demand than now Indicated is im perative. The New York message referred to previously also made mention of Argen tine oats in the east being practically un salable and large quantities on the way. rrovisions started strong and higher but the demand was soon nullified and prices reacted more rapidly than they ad vanced. Support on declines has recently been of a better character but Is not per manent and when withdrawn bearish' conditions sssert themselves very quickly. ieaatng futures ranged as follows: WHEAT. t- Open. High. Low. Close. Dec March. . Sept Dec Sept. . . . $2.57 $2.33 $2.33 2.41 2.35 2.36 CORN. 1.45 1.40 U, 1.40 1.29 1.25 1.25 OATS. .71 .00 .69 .71 .60 .69 1.39 1.43 1.28 .71 .70 Dec MESS PORK. 2660 26 30 26.30 27.85 27.30 27.30 LARD. July Sept. . . . Sept. . . , Oct Sept Oct 1B.13 19.20 18.87 18.92 19.50 19.55 19.25 19.27 SHORT RIBS. 16.70 16.70 16.42 16.45 10.90 10.92 16.67 16.67 prices were: Wheat. No. 1 red. Cash $2.6202.65; No. 2 red, $2.82e,2.63. Corn No. 2 mixed. 1.47il.4S: No. 2 yellow, $1.4S1.49. Oats No. 2 white. 80082c: No. 3 white. 77t81c. Rye No. 2, $1.0862.06. Barley 05c$1.05. Timothy seed $9611.23. Clover eed $3035. Pork Nominal. Lard $18.67. Spare ribs $1817. Seattle Feed and t.raln. SEATTLE. Wash., July 29. City deliv ery: Feed Scratch feed, $88 pt-r ton: feed wheat, $94; all grain chop, $78: oats. $78; sprouting oats. $81; rolled oats. $80: whole corn, $81; cracked corn, $83; rolled barley, $74: clipped barley, $79. Hay Eastern Washington timothy mix ed, nominal: double compressed, $4344 per ton; new alfalfa, $34; straw, $22. Seattle Grain Mnrkrt. SEATTLE. Wash., July 29. Wheat, hard white and northnrn spring, $2.35; soft white. $2.33; white club, $2.30: red Waila Walla, hard winter and red winter, $2.32. Minneapolis Grain Market. MINNEAPOLIS. July 29. Barley, S5c S $1.05. Flax, No. 1, $:;.15Tr3.19. FANCY LIBS GO SHIPMENTS SOLl" AT STOCK- YARDS FOB $10.75. Hogs Remain Firm With Top at $17.75, AVhere It Has Been ' for Several Days. One load of extra fancy valley lambs sold for $10.75 at North Portland yester day, this being: the highest figure reached by lambs for several days. The record shipment was vmade by Porter Bros, of Monroe, Or. Prices on other shipments of sheep and lambs remained steady at firures around $9.50 to $10.50. Some poorer grades went much lower than that. Hori remained firm with the top price at $17.75. where it has been for several days. Due to a lack of receipts sales' in the cattle division were confined to but a few head. Sales reported follow; wet. Pr. Witt. Pr. 110 3:50 11)50 $ 7.35 1 cow. . . 1 hog. . . 8 hoffs. . 2 Iioks. . 15 hogs. . 10 lambs. 2 lambs. 62 lambs. 3 ewes. . 2 steers . 4 steers. 1 steer. . 1 steer. . 1 cow . . . 3 cows. . 1 cow 1 bull . . . 8 hogs. . 3 hoes. . 1 holt... 1 hott. . . 4 hofes. . 2 hoRS. . 2 hoKS. . 4 hoBs. . SB hon. . 54 Iioks. . l hoe. . . 120 $ 7.00 1 ewe. . . . 4 cows. .. 3 hogs.. . , 14 hoBS. ... 4 hoBS. . ., 4 hoB. . 17 lambs. . 180 1 113 170 150 . 0 . 83 . 70 135 70O 987 801) 84 790 800 880 1320 250 130 310 240 190 285 :;oo 2S5 211 172 380 14.50i 183 17.75 17. Sol 17.311 6.50 0.011 lo.r.o Ill' 14 -4l2 175 07 70 1 20 128 15.51 17.2." 8.00 43 lambs. 10 4.0ii 1 ewe. 6.00 6.0OI 7 hOBS.. 15.' 7.OI 2 hogs 7. ."! I hos 7. .".ol 2 hoBS. . .. 6.501 9 Iioks. . .. 7.25! 10 hoBS. . .. 7.501 4 lambs, .. 5.5o!18 lambs. .. 17.75179 lambs. .. 14.75! 30 lambs. .. 15.25! 13 lambs. .. 17.751 2l lambs. .. 17.751 1 lambs. .. 15.001 8 ewes. ... 15.75102 ewes. . .. 13.50113 ewes. ... 15.50 100 1 95 155 137 17.7 17.7 1 7.7 1H.OO 82 8.00 loo 10.O0 80 10. OO 72 7.50 83 67 70 170 105 103. 10.00 7.51) fl.50 4.l0 5.00 3. on 17.oo20 yearllnas loo 4 17. 7. .1 z y earl in bs 15.7511 1 bucks. .. V.Vi 4.50 3.50 Chicago I.lvefitork Market. CHICAGO. July 19. Cattle Receipts, steady to strong on choice steers; ea.rlv top. 1U.R.; bulk choice, fiowio j graiv cattle, weak, bulk $11 ft) W. 50; besc cows stead y, m os 1 1 y $ 1 0 ra 1 1 .,"y ; mod i u m cows- uneven, $.".75iR; canners. steady, $4.'J5 4.."0; bologna bulls, slow, butcher bulls, draggy; few sales vealers, 17.0; stockers. steady. Hogs Receipts, L' 1.000; uneven ; 2T 'd 00c higher; top, $1H; bulk light and butchers, $1 5. 10 IB; bulk packing sows. I1U.S5Q 14. .: pigs. JH.joWIj. Sheep Receipts II'J.OOO. slow: first sales 2.c lower; top native Iambs, $14.75; buik, $1.1Til4; she&p, steady; top native ewes. $S.5. Oraahs Livestock Market. OMAHA. July 29. Csttle Receipts 1S00 no choice corn feds Included ; beef steers. butcher stock, stockers and feeders, steady tj Uoc lower. Mulls and vealers, steady. Hogs RecMot. (1000; netiv; y.4f ,'jOr higher; medium and choice butchers. $14.75 4i l.).2 ; top $15.00; J00-pounders and up, $14. lOflf 14.73. Sheep Receipts 1J,.V0; - Iambs 200Oc lower; range lambs held at $14ir; sheep. Strong: range yearlings. $10: wethers, $n. ewes, $s; best sale feeding lambs, $1...50, Seattle Livestock Market. SEATTLE, Wash.. July 2i. Hogs Re ceipts, none; unchanged; primp, $17.50 18.J5; medium to c nonce, $16.50 17.50 rough heavies, $14 1 5,.0; pigs, $13.50&13. Cattle Receipts, 30; steady; prime. $11 G 1 1.50; medium to choice, $!.Mr 10.50 common' to good, $78.,0; best cows and heifers. 8.50t&y ; medium to choice, $7 9 8.50; common to good, j.o0& o.uO; bulls, $5.500.50; calves. 7i 14 Mtal Market. NEW YORK, July 20. Copper, dui:, un changed. Jron Firm, unchanged. Tin Easy; 48.50c; August-September 4S.l'5c. Antimony Unchanged. Lead Steady, unchanged. Zinc Steady, unchanged. Chicago Produce Market. CHICAGO, July 29. Butter Lower. C rea m e ry.. 4 :i fv T;t c. Kwga HigKer. Receipts, 10,570 cases: firsts, 43 H (5 44 c; ordinary firsts. 4U3$ 42c; at mark, canes Included, 42&43fec; storage packed extras. 461r 4tic; storage packed firsts, 476? 4ft. Raker Man to Ship Sheep. BAKER, Or., July 29. (Special.) David Lee, well-known Bake, sheepman, has announced that he will ship to Omaha six carloads - of sheep next Monday and another six carloads the following week. New York Sugar Market. NEW TORK. July 29,-Raw sugar, steady. Centrifugal, 10.:0c; refined, steady; fin granulated, 21 22.50c. Nerw York Cotton Eicbanse. NEW TORK. July 20. Spot cotton, quiet; middling, 40c' Duluth Llnaeed Market. DULL'TH, July 20. Linseed, $3.153.23: arrive, $3.21. Tried Fruits at New York. NEW YORK, July 20. Evaporated ap ples, easy; prunes, steady; peaches, quiet. - Shears for tailors that can be oper ated at a speed of 100 cuts a minute by an electric motor are a Chicagoan's invention. PAVING TO BE COMPLETED CONTRACTORS WIN CASE IN COURT OF JVIGE STAPLETON. Judge McConrt's Ortl-cr to Discon tinue Work on Road Is Set Aside. Showing; that it contract for pavlnpr between Monmouth and Kick reall in Polk county is 90 per cent complete and that it would be foolish not to pave the remaining mile already rocked the Warren Construc tion company protested In Judge Stapleton's court yesterday against Judge McCourfs order, which ties up all road .work In Polk county. The paving company contended that it was not a party to the con trbvetsy between the people of Dallas and the state highway commission and that its contract is almost com pleted. All that remairus Is to spread the "hot stuff from Orr's corners to Rlckreall, the base and rock already being in place. To leave the road unfinished would result in heavy financial loss to the company. The attorney for the Dallas peo ple protested and' undertook to tell Judge Stapleton something about the roads in Polk county, but Judge Stapleton replied that he had been riding those roads for 50 years and knew all about them. furthermore, the Judge said, when the attorney wanted to cite law, that he knew what public sentiment was In this road building matter and the court directed that the Warren Con- truction company proceed. The company will resume laying pavement this morning. The Oregon Paving company's contract and Oskar Huber's contract were not included in the order by Judge Stapleton. PRISONER TWICE ESCAPES Prosscr, Wash., Jail Proves Inad equate for Hans Cloyd. PROSSER. Wash., July 29. (Spe cial.) Although diligent .search has been made by Sherirf Rolph, no trace of Hans Cloyd, who for the second time within a month broke jail here, has yet been found. Two months ago Cloyd, with the assistance of Percy Waterman, stole Mayor McNeil's auto mobile and got away as far as Rich land, where they were captured. A few days later, with the aid of a bed post, they removed a concrete block from tho county Jail and es caped. They were captured later near Bend, Or., and Waterman was sent to Lewiston on an old charge. Cloyd re mained here in Jail until in some way he obtained a key with which he un locked the jail and again escaped. RISE HELD NECESSARY Testimony of "Warehouse Men in Idaho Is Agreed on Point. LEW1STON, Idaho, July 29. (Spe cial.) Testimony of warehouse men from the district about Lewlston is agreed that an advance of rates is necessary to meet the expenses of op erating warehouses. The testimony was given at the meeting of the Idaho public utilities commission at the city hall Tuesday, when practically every grain station in Ne Perce, Latah, Clearwater, Iewis and Idaho counties was represented. The testimony will be transcribed and forwarded to Boise, where it will be considered, and it is expected that a decision wiH be rendered before the middle of nxt-week. 2,000,000 Pounds of Cherries Sold. EUGENE. Or., July 29. (Special.) The Eugene Fruit Growers' can nery handled more cherries this sea son than had ever been' handled by any cannery in the state, according to O. N. Kaldor, assistant manager of the association. The crop handled here amounted to more than 2,000,000 pounds which was valued at $250,000 to the growers. Besides several tons were shipped to Salem during the height of the season because the local plant was unable to care for all that were brought in. A few days more will see the crop in this locality cared for. Orchardists May Use Pipe. HOOD RIVER. Or.. July 29. (Spe cial.) Seven thousand feet of iron pipe used by the Kern Construction com pany in building the grade of the Co lumbia River highway between here and Mosier, will probably be perma nently utilized by Hood River or chardists in irrigation systems. H. Gross, local junk dealer, purchased the salvaged pipe for approximately $400 and is arranging to haul it here for use of fruit growers. Smut Explosion Destroys Grain. WALLA WALLA, Wash., July 29. (Special.) A smut explosion Tuesday destroyed a separator, a tank wagon containing 75 bushels of bulk grain just threshed, and a strawstack on the Shaw and Walters farm two mil west of Prescott. The separator was the property of W. P. Wallace, tho tenant. A volunteer force went from Prescott and helped to keep the fir from spreading.- One of the harves crew was overcome with heat. Aberdeen to Xanic Delegates. ABERDEEN, Wash., July 29. (Spe cial.) Delegates to the state Amer ican Legion convention in Spokane will be elected at the general meet ing of the post August 16. Aberdeen delegates are reported as plann'ng co-operation with the Htquiam rep resentation in an effort o obtain the 1921 state convention for Ho'iuiira. Baker Water Supply Low. BAKER. Or., July 29. (Special.) Citizens of Baker will have to be called upon to conserve in the use of city water within the next ten days, according to an announcement made by Commissioner Henry. At present there is some reserve but this is daily being decreased and the outlook is as gloomy as in past years. Prune Orchard Brings $50,000. CORVALLIS. Or.. July 29. (Spe cial.) The A. Wilhelm prune orcbai d was sold today to A. H. Laughlin of Carlton for 50,000. The deal was made through C. W. Vale, real estate broker of Carlton. Mr. Laughlin also owns 100 acres of prune trees near Carlton as well as a 15-acre walnut orchard. Mr. Laughlin is considering moving his family to Corvalls. Irving Warehouse Sold,. EUGENE. Or., July 29. (Special.) The grain warehouse at Irving. Lane county, was sold this week by W. G. Klussman to the Portland Flouring Mills company.. The repre sentative of the company who took charge says that new machinery will be installed. Hood River Building Begun. HOOD RIVER. Or., July 29. (Spe cial.) The Baldwin & Swope Con struction company yesterday began excavating for the new coVibined city hall, jail and fire department home to be erected just opposite the postoffice on Second street. The new structure which renlaoea two. antiauated wooden buildings, will cost $31,174. On com- j pletionof the structure the city plans the purchase of a motor driven fire engine. 1 DAILY CITY STATISTICS Marrlace Llrcpsra. GROXDA HL-PETERSKN Siarurd Gron dahl. 20. sixty-fifth and Division streets, and Sigrid M. Petersen, 22, U03 Minnesota street. Ki.liLEYM!TH Norval w. ieney, -i. 041 East Twelfth street, and Alice B. Smith. 21. Anabel station. !-( ) V -1 1 A vi Alt Albert S. Fox. 2."i. 62"l Seventy-second street southeast, a-nd Flor ence O. Hamar. 10, 944 Eaat Taylor street. TEKS-RICHMONXI David Tees. lenai. V13 East Korty-thtrd street, and Ethel M. Richmond, lesal. lia East Forty-third street. HA.VKS-SWAIIi! Harold F. Manas, -i, 12u;t East Oak street, and Mary U. Sw-ails. 21. 073 Uarfield avenue. HANSEN-BKO-WN Esper Hansen. 23. fl:t'J Montana avenue, and Vlrarnia C. Brown, 2, 04 East Twenty-fifth street north. WHITE-BREWER Wm. Carey White. Ifaal. 11S4 East Davis street, and Ellen Brewer, leiral. 11S4 East Davis street. PEUHER-JOHXSON John Felsher. 2!. 2fM Columbia street, and Myrtle Johnson. 22, 321 Russell street. CARI.ETOX-CASSIDT Charles E. Carle ton. 22, Camas, Wash., and Madeleine Cassldy. m. Sixty-firth avenue and Sifcy seventh street southeast. WILSON-COLLIER Qeorce Harry Wil son. 11. East Irvlns; street, and Fatrt- cia J. ColMer. 22. 31ft East Irvine street. DUD LEV -FORD Joh-n B. Dudley, legal. OberUn. O., ami Harriet K. Ford, lesal. SKI East Burnclde street. McHALL-PELLAXl) F. J. McHall. 24. I.tliian apartments, and Mabel Pulland. 24. Vernnn hotel. BISHOl'-RRTAX t-eon X. Bls-hop. 24. 501 East Twenty-second street, and Elaine Brva-n. 24. 7 1 East Twentieth street north. RUTHERFORD-AL.TNOW Ai-chle P. Rutherford. 27. Capital Hill. Or., and Edith Ln Altnow, 24, 711 Glisan street. Vancouver Marriaa;e l.icenMcs. JOXES-KETPHAX William P. Jones. 41. of Hillsoro, Or., and Mrs. Florence Ketchan. 411. or Hlllsboro. Or. .Cl'SlCK-CAXFIELD Louis B. Cuslck. 4.i. of Vancouver, and Eunice Canfield, 2S, of Portland. McDO.VALD-IXJXGWELt, Bruce E. Mc Donald. 3:. of Portland, and Ira I. Long well. 27. of Knjtle Creek. Or. ARXDT-TR1PP Fred W. Arndt. 2"i. of Portland, and Margie Dorothy Tripp. 2o, of Butte. Mont. SHERWOOD-SMITH Baryl O. Sher-. wood. 31. of Portland, and Rachel I. Smith. 23. of Portland. O-ROCRKE-HARMS Harry E. O'Rourke. 2tt, of Portlandt and Margaret M. Harms, 18. of Altoona. Wis. STAN LEV-FRENCH Richard O. Stan ley. 22, of Portland, and Margaret M. French. 211. of Portland. LA.VE-LAXE Ernest E. Lane. 24. nf Mist. Or., a-nd Rena lane. 21. of Mist. Or. A.VDERSOV-BLANCH ARD Christ C. Anderson. 3.. of Portland, and. Mary C Blanchu rd.-o7. of Newberg. Or. HOLM AN-JOHXSON John W. Holman. 3D, of Portland, and Ida J. Johnson. 27. or Portland. H ARMOX-WORTMAX Gilbert Harmon. IS. of Portland, and Miss Mary Wortman. IIS. of Portland. 1ALLV METEOROLOGICAL, KKI'OKT. PORTLAND. Or.. July 20. Maximum temperature. 72 degrees: minimum tem perature. 60 degrees. River reading. 8 A. M., 12 feet; change In last 24 hours. 0.2-foot fall. Total rainfall (3 P. M. to " P. M.. none: total rainfall since Sep tember 1. 1!1!. .".'i.M inches: normal rain fall since September 1. 44. 4H Inches; defi ciency of rainfall since September 1, l:li. S.IU Inches. Sunrise, 4:.o A. M.: sun set. 7:4."i P. M. : total sunshine. 2 hours l"t minutes; possible sunshine, 14 hours TiO minutes. Moonrise, 0:42 P. M.; monnset, .":4U A. M. Barometer reduced sea level I. :). 10 inches. Relative humidity: 3 A. M., 7'. per cent; noon, 64 per cent; 5 P. M., 34 per cent. THE WEATHER. Baker Holse Boston Calgary Chicago Denver Dea Moines. . Eureka . . . . Uslveston . . . Helena Juneau Kansas City. Los Angeles. Marshfield BSI 02l.0i. .ISE iPt. cloudy Bti HSO.Oll . .iw Pt. c ouilv I ... l sii H.1H12'SW Pt. cloudy ,4I K4III.HOI . . K Cloudy OS) imlo.oo . ,'sE Pt. cloudy 4 xH'O.im) . .jsw Pt. cloudy 70 IMI O.Oil. . XWiClear 52! tiC..O.ni. . XWiClear ..I Ht n.ooj . . E Cloudy SRI stt.o.iMi' . . SE Cloudy 4S,74 O.DOj. .S Clear 7il NS'O.iHl' . . iXW "Clear 4 SO rt.oui. . SW Iciear fni .72'O.otll. .IXWK'lear Med ford I .'ill SO 0 . llOi 1 4i X W jCiear .Minneapolis..! 4l StKll. (ill! . . I W ICIoudy N'ew Orleans 70'' HKin.tMlj. . ISE Cloudy Xeiv York . Xorth Head Phoenix Pocatello Portland .. Roseburg .. Sacramento St. Louis . . Salt Lake . San Diego . . solo. oo ?.n;s K'lcar .-.! (to o.onis s S2;ins It. (101 . .is r2i taro. ttti . . ix e Clear Pt. cloudy pt. cloudy 601 72,0.00 . .'SW ;Pt. cloudy IS' 74 11. on'.. !X (Clear VS! 02;o.OO!14 S Clear fi, 02 0.00 ID SW !Pt. cloudy 82 1 92.0.02ilO;NW;Ckucly 64! 78 0.O0 . . SW ICIear S. Francisco. Its 0.00 24 W- Clear Seattle I 341 72 0.00 1S SW Pt. cloudy tsltka 4S;' I o.oo , ..;Clear Spokane Tacoma . . . . Tatoosh Isld. tValdes I Walla Walla Washington. . Winnipeg . .. Yakima DO' "! fl O.II0 12 S Cloudy 74 'n.oii io w Pt. cloudy r8'n. (iiiilo sw Cloudy 4S 72 o.oo; . . iSVV 7o ns o.oo'. .use Cloudy Pt. cloudy . . .! S4'(i.oo;. . 8 Clear kb o.oo ui sw ipt. cloudy 62 0B O.OO; . . SW .Clear tA. M. Ing day. today. 'P. M.. report of preced FORECASTS. Portland and vlrlnity Unsettled weath er: westerly winds. Oreson and Washington Unsettled weather; cooler In the east portion; mod erate westerly winds. w I t hout deduction for 2 Normal Fed eral Income Tax Sinclair Oil Co. S-yrar "Via "t 9H to yle-lil 8 Denominations $100. $500, $1000. Cash or Tartial Payment Tlan. Upon request we will give you, free of expense, a copy of majra sine supplement showing- facta and numerous photo prints evi dencing that the Sinclair Oil Company Is a foremost factor in the production, manufactur ing and distribution of mineral oils for domestic and foreign consumption. Ask for a copy. Wire orders "collect." a FACTS XO. 544 MAKING GOOD Almost ever yone makes mistakes for which some satisfac tory explanation can be made, but the road-maker must al ways make good. No excuse is valid for a road's shortcomings; so, when a road is to b e improved, tests, past experience and merit will dictate that it should be paved with H H Wind 5- is -5 - 2. O 3 tx-o c g o 3 3 5 a . . ; ; o STATIONS. g5:3: ? Weather i : : : I 5 : i : : r h : B Sceom eVoosC Maim 444 R N NOATHWtyTERN BANK BLM. U WARRENITEI BITULITHIC WARREN BROTHERS CUMPASV j k.UB H CITY OF Yield Dated June 1, 1919 Due Serially 1930-34 Denomination, $1000; Price, 100; Yield, 6C'c Principal and Semi-Annual Interest Payable in New York or at Morris Brothers, Inc. r Property valued at secures Buhl is recognized as the most up-to-date city in eastern Idaho 14 miles from Twin Falls. Bountiful varied crops reinforce the values. Telephone or Telegraph Orders at Our Expense. Morris Brothers, inc. The Premier Municipal ionl lfnue. Kstat)lihttl Quarter f a entury. Morris UIUk.. -! I Stark St. ' Capital, $1,000,000. Mil and 6th 8t reels. $10,000,000 Pan-American Petroleum & Transport Co. Ten-Year Tie Convertible Gold Bonds Dated August 1, 1920 Due August 1, 1930 A general obligation of the Pan-American Petroleum & Trans port Co., which owns llrc of the outstanding stotk of the Mex ican Petroleum Co., Ltd. Secured by a closed first mortgage on a fleet of ten steel tank steamships, aggregating 100,070 tons deadweight capacity. The Company's outstanding capital stock represents an equity of over $125,000,000.00. Consolidated net earnings for 1919 were equal to over times the annual interest requirements on that issue. Price 94V2 Yielding 7.80 BLYTH, W.TTE.R.& CO. UNTIED STATES GWEEXMEUT MUNICIPAL AHD CORPORATION BONDS Yeon Building Portland, Oregon Telephone Main 3304 San Francisco Seattle New York Los Angeles 30 Increase The average increase in the population of these four wealthy counties during the last ten years means much because agricultural districts are producing territories and growth of population comes only with development of their resources. The Rapid Growth of Yakima, Lincoln, Adams and Whatcom Counties, Wash. Should be considered as another element that makes for the general excellence of their 6 General Obligation Bonds Priced to Yield 6 Net Bonds due 1921-33 Dens. $250, $300, $1000 Legal Investments for Savings Banks in Ore., Wash., Calif. Order by phone, wire, letter or call. 1 1 Him ho 'I'd y-J Under SupervtMoTL. Oregon, sddtc Bajuurttf DqartiacnC BONDS TRUSTS ACCEPTANCES Lumbermens Bldg. 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 s t u r e, sheep tight. Wire us at our expense when your shipments will arrive. UNION STOCKYARDS CO. J. W. Smeed, President. Caldwell, Idaho - Read The Oregonian classified ads. JS22 ! $60'000 BUHL, IDAHO Fire Department, City Hall. Im provement and Water Bonds General Obligation Tax Exempt approximately $3,000,000 this issue. Telephone 15roaJvaT ti INCOME TAX EXEMPT .5 Investment Opportunities and Oar Twenty Payment Plan Thess pnblicariotis tell f good tavset meot stock, which can be purcha.4 on mall payments. itndin2 over a period of twenty months. This plaa was onainatod by as in 19M. You can secure bota free. Write for 17-. TO Investment Securities 40 Exchange Place, New York CASCARA BARK Ship to In and Receive THll Hlf.HKST PRICK. We Want All .oa Have. Write for I'mra and lrice. Sullivan Hide & Wool Co. 144 Frntil St.. Portlnml. Or. J 0