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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Aug. 3, 1920)
THE MORNING OREGONIAX, TUESDAY, AUGUST 3, 1920 19 FLOUR OF 80 CENTS HERE Drop Is Result of Sensational Wheat Decline. WHEAT ADVANCES AGAIN Exchange Quotations on Wheat From 3 6 to 56 Cents Ixmer TIi a n a Week Ago. As a direct result of the past week's ensutional drop In wheat quotations the millers of Portland yesterday announced a drop of SO cents a barrel on ail grades of flour. At the same time Portland wheat quota tions reacted from the heavy decline of last week and advanced 2 cents a bushel on the majority of grades with a 4-cent ad vance on northern spring. The drop in flour quotations represented the first change here since the abandon ment of government control of the wheat market. As the price now stands patents and bakers flours are now at $12.95 a barrel. The drop In quotations at Portland came at the same time 'with the announcement of an almost 20 per cent drop In quota tions at Seattle and heavy drops In quota tions in various other markets of the na tion. The drop will have no immediate effect on the price of bakers' bread, It was an nounced. The rise In quotations on wheat here came as the result of a similar movement In the market at Chicago. The quotations on the local boards yesterday, however, were still from SO to 00 Grot 3 a bushed lower than they were at the opening of last week. Feed oats also advanced $1 at the noon session of the Merchants Exchange.- Yel low corn was also bid 50 cents higher. Reports received by the exchange said of crop conditions In various parts of the west and northwest: California Threshing wheat and bar ley Is general in valleys. Excellent haying! weather; much hay cut and baled. Corn j excellent, maturing rapidly. Oregon Harvest of winter wheat, rye and barley completed in southern locali ties, and progressing elsewhere. Yields generally good. Much spring wheat ripe or ripening. Corn thriving. Washington Week favorable for haying and harvesting, benefited late wheat, oats and corn; corn beginning to tassel.' Small grains have ripened rapidly; harvest of winter wheat and some early spring wheat poff under way in early localities; former rs good average crop; latter fair to poor. Idaho Sun and drying winds damaged late wheat in some localities. Splendid harvest weather; much wheat harvested. Cutting second crop alfalfa well under way. Nevada Wheat nearly mature and In good condition. Second cutting alfalfa will start in ten days. Utah Alfalfa seed outlook only fair. Spring wheat developing rather poorly; some being cut in southwest. Winter wheat harvest progressing favorably in north. Weather conditions throughout the grain bait yesterday were reported to be mostly clear and fine. The forecast for today was Illinois and Missouri fair and cooler, bal ance of grain belt fair and somewhat warmer. A dispatch from South America an nounced that the Argentine government had passed a law prohibiting any further exportation of wheat or wheat flour to foreign countries. That law. the dispatch announced, was being enforced Vesterday. The new law, it was explained, will not Interfere with existing permits which the government has already granted to some foreign governments to export limited quantities. The American visible supply of wheat and other grains was announced by the Merchants' Exchange as follows: Increase. yesterday advanced to S3.2S to $3.50, blackberries were at $3.75 to $4 and rasp- I berries at $3.50 to $3.75. The large supplies of beans now coming in have resulted in quotations on was beans dropping as low as 5 cent in some instances. Green beans were going around 8 cents yesterday. -The potato and onion markets were steady with no changes in quotations. There was a slightly easier tone to the peach market yesterday. Large quantities of the fruit are now on the market. Prices, however, are still comparatively high. Cherries are now beginning to become scarce. Good shipments are going around 15 cents a pound. , Grapes are now beginning to show on the market in good quantities. The price is still high. BCTTEBFAT FACTIONS STILL WAR nigh Prices Given for Cream Have Had No Effect on Butter. The butterfat war is still on in Port land, with a large number of creameries' now giving 611 cents for that product. In some instances prices even better than that are reported to have been secretly offered. The war so far has had no effect on butter quotations, which remain as they were. The market on the whole is fairly steady with consumption of butter Just about balancing production. No advance in butter quotations is con sidered likely unless a scarcity should de velop. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland tG.2TJ.-2JG SI. 613.704 Seattle ti.nr.4.4.1 1,5.773 Tacoma 831, U74 240.714 rapoaane z.iei.in BOT.Tiii PORTLAND MARKET QUOTATIONS Grain. Flour, Feed, Etc. Merchants' Exchange, noon session: Bid. Wheat Sent. Oct. Nov. Hard white J.14 $2.15 $2.16 STOCK LOSSES SEVERE SALES APPROXIMATE MILLION SHARES. OXE Market Opens AVlth Good Increase to Be Followed by Flood " of Liquidation. - Soft white White club Hard winter Red winter Nor. spring .... Ked Walla Oats No., 3 white feed........... . Barley No. S fclue Standard feed - Corn . . No. it yellow No.. 3 eaciy yellow KLCWJR Family patents, nurd wheat. 1 lJ.9o;i valley, 2.12 2.13 2.14 2.12 2.14 2.13 2.14 2.10 2.11 2.12 2.14 2.15 2.18 2.07 2.08 2.00 Aug. Sept. ..900.OO $40.00 48.00 4T.O0 40.00 40.00 . 08.30 58.00 . is. 00 OS. (JO S 12.03: bakers' vo; best bakers' patents. $11.20; graham. tlO.SO; Wheat Aut. 2. 1920 Auk. 4. 119 Auk. :. 1 !1 s Aug. 6. 101T Corn Oats ...... Rye Barley Bushels. . 17.4S7.OilO .20.0:10,000 .17.1.1S.C00 . 3.8I9.IMMI . O.I.V-'.OOO 7 SO.IUW Bushels 871.000 7.64K.000 S. 0X9,000 1. O71.O00 229,m0 422.000 303.O0O 2.300.0n0 3,0i4.000 151,000 Decrease. Orain receipts. In cars, the exchange an Bounced as follows: Wheat Barley Flour Oats Hay Portland Monday 62 .... 3 Year ago.... OS 1 3 Sca'n to date.l07S lfl 07 Tear ago. . . . 324 40 62 Tacoma Saturday .... S .... 3 Year ago. ... 19 Scs.il to date. 1SH 4 110 Year ago.... 141 1$ .... Seattle Saturday .... .1 4 4 Year ago. ... 8 8 Sea-n to date. 01 10 :0 Year ago.... 71 2S 43 7 SI 60 11 8 8 31 6 4 39 43 12 7 ISO 31 hole- wheat. Sll.03. MILLFEEi) Prices f. o. . mill: Mill run.. $37$58 per ton; rolled barley. $68 72; rolled oats, 7172; scratch feed. S73g'7o per ton. t'UKli Whole, S7778; cracked, $79 80 per ton. HAY Buying price, f. o. b. Portland: Alfalfa, S2o2tt; cheat, $23; clover, $20; valley timothy, new, $2030. Dairy and Country Produce. BUTTER Cubes, extras, 54c pound; prints, parchment wrappers, box Jots. 57c per pound; cartons, 5sc;- half boxes. more; less than half boxes, lc more; but terfat. No. 1, 35&00C per pound at sta tions; Portland delivery. 5Sti2c. EUGS Buying price,- current receipts, 45&40c. Jobbing prices to retaliers: Candled, 4HGi30c; selects, 5102c CHKESK1 Tillamook, f. o. b. Tillamook; Triplets, 20c; Young Americas, 30c. POULTRY Hens, ls&2Bc; broilers,. 24c; ducks. 23&33c; geese, nominal; turkeys, nominal. PORK Fancy, 23c per pound. VEAL Fancy, 24c per pound. Fruits and Yevetablea. FRUITS Oranges. 3. 7307.30: Ipmnnj. $4.50&o per box; grapefruit, $4x4.30 per box; bananas, ll$j12c per pound; apples. new. tig per dox; cantaloupes. S2.3U 3.30 per crate; cherries, SgtOc per puuna, watermelons, 4iic per pound; apricots, $3 per crate; pineapples, liV-iC per pound; peaches, $1.&3 per box; plums. $2.85643.23 per box; peach plums, $2 per box; cur rants, $22.0 per crate: raspberries, $3.5073.io crute; casabas, 0c per pound; grapes. -..iai- per crate: loganberries'. $3.2j3.0 per crate; pears, $5 per box; DiacKuerrtes, o.i.ia-t. VEGETABLES Cabbage. 2ic per !b lettuce,' $2.50 per crate; cucumbers. 73c$ $1 per dozen; carrots, $3.304.50 . per sack; horseradish, 2oc per pound; garlic, 30c: tomatoes, $1.50(1.75 per box; peas. TOi 10c per pound; beans. ,;wsc per pound: beets, $3.504. per sack; turnips, $3.50 per sack; eggplant, 23c per pound; roasting ears, $3.50&4 per crate. POTATOES iew while, 3Vi4iGV.c Der pound. oto-s leuow, i'te.2.2o per sack. Staple Groceries. Local jobbing quotations: SUGAR Sack basis: Cane. 3c Der pound. HONEY New, $7 7.50 case. NUTS Walnuts. 224f3Sc: Brazil nut... 35c; filberts, 3044 35c; almonds. 35c: pea nuts. 14e'15,ic; cocoanuts, $1.75 oer dozen. R1LK iiue Rose, per pound. BEANS Small white. 7t:c: larKe white 7c: pink, 8Vic; lima, 12c per pound; bayous. llc; Mexican reds, lOVc per lb. COFFEE Roasted in drums. 30&50U. Provisions. Local Jobbing quotations: HAMS All sizes, 42(&i46c; skinned, 46c; picnics, 25c; cottage roll. 35c. LARD Tierce basis. 24c; shortening. Vtc per pound. DRY SALT Short, clear backs. 25327c per pound; plates. 21c. hauua r ancy. -jtao&c: standard. 320 45c per pound. WOOL SHIPMENT 4JOES TO BOSTON Movement on Consignment Reported l'rom Klamath Falls. The movement of 400,000 pounds of Klamath Falls wool to Boston on con slRBmcnt was announced here yesterday aBrtf forms the only activity in the wool market here for several days. The market for wool here continues to be dominated by the inactivity in the Bos ton and other eastern markets. What the future holds for the wool market is difficult to divine, but dealers are of the opinion that there is bound to be a re sumption of activity later In the season. The New York Commercial says of the Boston Market: 'With the establishment of a basis for wool, the main problem of this market, the dominance of London In the world situation makes the current developments there In the matter of prices of supreme consequence to Boston. Thus the advices which dealers have received from the auc tton sales Jn London are of Importance, It 1b estimated that 40 per cent of the offerings were sold, white one cablegram says that 00s and 64s and 56s and CSs were generally 5 per cent lower, with the bet ter grades steady. The level is figured by comparison with prices of the former aeries. Competition from this country was altogether lacking." Swift ft Co lOStt Swift International 30 U Libby. McNeil Llboy 12 National Leather 10 SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruit. . Ktc at Bay City. SAN FRANCISCO. Aug. 2. Butter Ex tra grade, 60 He: firsts, nominal. Eggs Fresh extras, 6814c; firsts, nom inal; dirty No. 1. 54 Vic; extra pullets, 50c; undersized? 39c. Cheese Old style California flats, fancy. 31c; firsts. 27c; Young America, fancy, 36c: firsts, nominal. Poultry Hena, large, 3336c; small. .11 6z25c: strictly young roosters, colored, 38 t?40c;-' white, 35&30c; old roosters, 1S 20c; fryers, 35 lie 40c; broilers, 30 30c; ducks, 20 ) 23c. 1 Pigeons Old, 2.50&3 dozen; squabs. SO 70c. Belgian hares 17 6200 pound. Beans 3oc pound. Bell peppers Per lug box: River, 40 50c: Chile. 405Oc Tomatoes Merced lugs, 1 1.25: Sac ramento lugs, $191.30. Cucumbers Natural growth, 35Q60C small box; 7oc$l lug. Eggplant Per lug box, 75c$l. Peas Per pound, 46c. Summer squash Per lug. river. SO J5c ; do bay, 75c; Italian squash, 5073c. Corn Per sack, $3&4. Potatoes River. $3&3.25; Colma. $4.25 4.50; Salinas, $44.50; sweet potatoes'. 15(i20c per lb. Onions Yellow, $11.50; do red, 7$cO $1.25. Bananas Central American, 89c; Ha waiian, 9910c per lb. Citrus Valencia oranges, $4.5096.:$; lemons. $24.50; grape fruit. $34.25. Apples Red and white Astrakan, 414 tier, $11.75; 4 tier. $1.732.25: do 3V4 tier, $2.2502 30; Gravensteins, 3 tlei. S3(ffi3.20: 4 tier. 12.50423: 4 A tier. $2.50 2.75; do B grade, 1.301.70 tor 4V4 tier. $2 ror 4 tier. Peaches Per small box. $1.351.30, in eluding wrapped: baskets, nominal: Los Anseles lugs, $1.752.2o; larga lugs, 2 3.50. Plums ll.5UOM.7a per crtii or do, uo fancy varieties, $26)2.50. Pears Bartlett. J2.1jW3'-0 lor wrappeo. per box; $2l 2.23 for No. 2. Figs Double layer, $2.2aa -. i-o. -Grapes 'Per crate: Muscat, $2.50 0 3; seedless. $2.5093. Avocadoes Per dozen, satiyiw. Recelpts Flour. 24O0 qrs. : wheat, 140 ctls.; barley, 4040 ctls.; oats, 800 ctls.; beans. 600 sacks; potatoes. o sacks; corn. NEW YORK, Aug. 2. The stock market today was subjected to severe fluctuations with final prices showing considerable losses in a large number of speculative favorites. Announcement last Saturday, after the close of the market of the rate increases granted the railroads caused a wave of buying at the outset which swept prices upward at a rapid rate. AH classes of shares participated with gains ranging from 1 to 3H points. Short covering was of an urgent character for a time with commission houses reporting a large in flux of buying orders from all sections of the country. Seasoned dividend-paying rail shares made the best showing. Such favorites as New York Central, Union Pacific, Southern Pacific. Illinois Central, Louis ville '& Nashville, Atchison, Reading and Northern Pacific were in the van with ma terial improvements also in a long list of low-priced roads and a wide sprinkling of specialties. Popular industrials also moved forward. Particular pressure was exerted against great variety of shares which are popu lar speculative mediums. Including steels, equipments, shippings, oils, motors, tex tiles, paper and food securities. Advances under the flood of liquida tion and short selling soon were can celled and the list crumbled away steadily until many leading stocks were quoted at prices well below the low levels recency recorded. Lack of any sustained buying power discouraged the bull faction and en couraged the bears, who made drives against particular issues in an endeavor ".o uncover stop loss orders. Reactions ran anywhere from 1 to o points. Sales approximated 1.OOO.0OO shares. Bonds were quoted substantially higher and held up well despite weakness in other quarters. Foreign bonds were sold at concessions and there were moderate gso ctis.: onions, 430 sacks; hay, 1174 tons hide. 3KO rolls: oransres. HUM) sacks. Hav Wheat, fancy. S2S8S3U:- llgns live wire bales, $26h28; tame oats. $264j28: wild oats. $2022; barley, S2UV24: al falfa first cutting. J20&25 second cutting. 24(fii28 Wheat siLtsofra. 10; parley, k.iov.ij: nsitii. 12.30fr'2.40: corn, nominal. Berries strawberries, 8-oz. baskets. 00 73c per drawer; 12 ox. baskets. 75c(&$l; rasDberrles. 85c(S$1.10 per drawer; black berries, $!)10 per chest: old loganberries, $11(914: black logans. io.outoi.ou percnest. Melons Cantaloupes, noney aew, sttn? 1.25 for flats; Turlock cantaloupes, stand ards. $:;.50(3.75; ponies. $2.50tr2.75; flats. $1.50; watermelons, 21,sfri3c per pound, recessions in the liberty loans. Total sales of bonds (par value). $10,160,000. Old United States bonds unchanged on call. CLOSING STOCK QUOTATIONS. Last Sales. 100 000 2. boo 000 4,2oo 000 1,400 OOO 0,300 500 l.SOO 4,700 High, so 37 135 78 77 V4 07 56 S3 no Low. 80 Sale. 131 131 77V 12 34 82 14U,s 113 35 S3H 3,000 l.suo 3,000 4.000 1,400 1.000 000 200 2,000 1.5UO 4,200 4,300 OOO 400 granulated. 41 IOG8 SCARCE, WITH HIUH PRICES btorage Eggs Now on Market as Result of Ught Shipment. With a continued scarcity of eggs to supply the local market and make up shipments, the market for that product continues firm, with quotations on country receipts around 45 and 46 cents. The best grade of eggs are scarce now, as many of the shipments received are of the poorer quality. The lack of the strictly high-grade product has had the result of throwing a lot of the storage egvs on the market. The lack of eggs to supply the local market is partially due to the heavy ship ments of Oregon eggs to eastern marketa The western product is reported in de mand in the east now and brings as high as OS to 70 cents a dozen. Shipments to New York city are heavy now. COOD DEMAND FOR BERRIES HERE Zrge Shipments of Beans Caus Low Price Grapes Come In. The market for various berries showed a good demand yesterday and quotations advanced slightly. Offerings were of fairly good grade. Loganberry quotations Hides and-Pelts. HIDES Salt hides, over 45 pounds, 14c: green hides, over 43 pounds, 12c: salt b des. under 1a pounas, ide: e-reen hides under 45 pounds, lie; green or salt calf to 15 pounds, 25c; green or salt kip. 15 to 30 pounds. 15c; salt bulls, 12c; green bulls, luc; dry niaes, 22c; dry salt hides, 17c; dry calf under 7 pounds, 30c; salt horse, lance, su: salt norse. medium. 10: salt horse, small, $4. PELTS Dry tine long wool pelts.l5c: dry medium long wool pewits. 12c: dry coarse long wool peits, iuc; salt long wool pelts, $2(s3; salt lambs wool pelts, 50c$$ $1; salt abearings, 25p50c; salt clippers, 15 25c. Wool, Cascara, Etc. MOHAIR Long staple, 25c per pound. TALLOW No. 1, 8c per pound; No. 2, tic per pounu. CASCAKA bakn per pound, gross weights, old peel, 12c; new peel. 10c per pounu. WOOL Valley, medium, 33c per pound; vailey coarse, quarter blood, 20c; coarse. low ana Drata, Joe; coarse matted, 12c. HOPS Nominal. GRAIN BAUS Carlqs; July. lSV4c; August. lOftt Oils. LINSEED OIL. Raw. barrels. $1.83; raw. drums, $1.00; raw. cases. $1.08; boiled, barrels. $1.S5; boiled, drums, $1.92; boiled. cases, f. vu. TURPENTINE Tanks, $1.96; ca $2.11. COAL OIL Iron barrels, 15c: ti wagons, 20c; cases, 3Sc GASOLINE Iron barrels. 23V4c; ti wagons, 23Vtc; cases. 3Sc. FUEL OIL Bulk. $2.10 per barrel. COTTON PROSPECTS ARE BETTER Department of Agriculture Predicts 12,519,- 000-Bale Crop. WASHINGTON, Aug. 2. A cotton crop of 12,510,000 bales this year was furecast today in the department of agriculture. basing its estimate on the condition of the crop July 20, whlcn was 14.1 per cent a normal. This is an Increase 01 more than a million bales in the prospective production of cotton over the indicated yield a month ago. Production last year was 1 1,320. 1 35 bales and the condition on July 25 a year ago was 07.1. The 10-year average condition July 25 is 75.6 per cent. r Metal Market. NEW YORK, Aug. 2. Copper, steady; electrolytic, spot and third quarter. 19c. Iron, steady; No. 1 northern, $49&50; No. 2 northern, $48&49; No. 2 southern, $4445. Tin, steady; spot. 4S.50c; August, Sep tember, 4S.25c. Lead Spot. S.50c Zinc, steady; East St. Louis deliver, spot. 7.SGVi 7.S7tjc. Naval Stores. SAVANNAH, Ga.. Aug. 2. Turpentine firm. $1.55; sales, 329; receipts, 315; shipments, 2425; stock. 11.281. Rosin, firm: sales. 549: receipts, 1739; snipmenis. ou-t2 stock, sj.ajs. Quote: B, $11 75ft l.lO; 1. E. F, O. H, I. K. M, N, HO, $13.60 13. TSj WW, $13.60813.74, 800 1.800 7,400 3.200 1.800 4,oOO 121k 03 88 'A 58 . 33 701m 37 20 Vx 01 125 45 13V4 141 22 'i . 7lVs 3a 84 48 V4 70 17 82 ?i 10 25 U'JM 181 10 20 V, 30 V 26 11 31 OO. 74 4 40 07 40 20 S, 10 0114 86 73V. 65 - 2Si(, 03 20 Zi. 303 V 06 Ik 44 30-Jii, 02 V, 131 118 61 82 s 65 V 02 55l 115 V 80 05 'a 76 HVt 52 Vi 70 144 105 33 - V4 118 30 Am Beet' Sug. Am Can Am Car & Fdy Am H & L pld Am Inter Curu Am Loco 10,400 Am im & Kfg 5oO Am iaugar .... Am Sum Tob.. Am Tel & TeU Am v oolen . . Am Z L & Sin Anaconda Cop Atchison A U W I S S 12.1UO Baldwin Loco. 64, OOO Bait i Ohio.. IS, OOO Beth Steel U.. 20.5OO B & S Copper. loo Calif Petrol .. 2O0 Canadian Pac. 1.5O0 Cent Leather.. Cnand -Motors. Ches & Ohio. . Chi M St. St P Chi & N V Chi' It I & Pac 23.400 Chino Copper. 30U Corn Prouucis 20,600 Crucible Steel. 4,000 Cuba Cane bug 4,400 Erie 670OO Gen Electric. 1.000 Gen Motors . .. 13,500 Gt No pfd 6.200 Gt No Ore ctfs Illinois Central lnspir Copper, lnt M M pld.. Inter Nickel . . Inter Paper .. K. C Southern. K.ennecott Cop Louis & Nash. Mexican Petrol 10. sou Miami Copper. 000 Mid States Oil 10.500 MiavaLe Steel. 2,600 Missouri Pac. 0.500 Nevada Cop . . 200 N Y Central . . 9,500 N Y N H H 31.4WO Norf & West.. 1.600 Northern Pac. 1,700 Ok Prd & Rfg 1,700 Pac Tel & Tel. 200 Fan-Am Petrol 17.500 Pennsylvania.. 31.000 Pitts & W Va. l.SOO Kay Con Cop.. 200 Reading 31, 600 Rep Ir & Steel 15,600 Koval Dutcn.. a.w Shell Tr i Tr. SOO bin Oil & Rig. S.6DO Southern Pac. 1?. 1OU Southern Ky.. 42,uJ0 S o 01 a piu i,u Studebaker Co 16,400 Texas Co 8,300 Texas & Pac. . 5,700 Tobacco Prods Transcont Oil. Cnion Pacilic U S FQ proas. U S lnd Alco. 1: K Retl sirs. U S Rubber .. 1S.UOO U S Steel oi.JOO Utah Copper.. 1,. Westing Elect l.-'OO Willys-overlnd 4. 400 BONDS. tr c T.tK fti.'.n 91 .001 Anrto-Fr 5s ao 1st is . . . .o..jvi i - - - - . - do 2d 4s. . .84.581 Atch gen 4s o .t.. i a u. u K.v;tfi D A It G con 4s 63 do 2d 4?s. . .84.55 N Y C deb 6s.. 87 do 3d 44s. . .8S.6O1N P 4s do 4Ul 4 (4S. ..S5.04iN P 3s ...... Victory 3s . ..U5.B(it Pac T & T 5s CO 4s vo.ooii-a tou T730. U S 2s reg 100S P cv as dO COUUOn ..MlHJao xvy on U S 4s rug '105 U P 4s ...... do coupon ..-100 vj o oiki . . Pan 3s reg '77 I do coupon . ..'it 1 -xm. Mininsr Stocks at Bobton. nnKTfiv. a hit li Closlnir Quotations: Allouez 24 INorth Butte ... . i-itfs Ariz Com O Old lom I'd,, X. Irl, Srt U. iOSCCOlH. ........ 37 C ,1 X. H.i'la .:ihi uumcv ........ -xo Centennial 10 (Sup As Boston.. 3 Coo Ranee ... 35 i Shannon 1 East Butte ... 11 14 iUtah Con Franklin "O winona .... Isle Rovalle ... 2'J wolverine .. Lake Copper 3 IGranby Con Mohawk 60 I Greene Can 64 47 17 60 34 2S-). 86 120 43 ' 12 130 21 70 33 53 48 77 17 77 17 24 90 172 10 20 30 25 11 70 30 80 71 3 40 90 30 27 16 86 81 65 26 . UO 27 305 62 43 36 61 13 114 60 81 64 82 85 64 47 16 02 55 118 SO 05 76 11 32 70 144 100 33 11 20 118 52 82 07 34 60 34 281. 87 121 I 44 12 140 21 ID 33 83 48 11 17 77 18 24 V 00 172 10 20 39 25 11 70 30 89 71 40 00 30 2t -J. 16 86 81 65 2li 01 27 105 63 43 36 61 33 114 60 81 64 85 85 ol 47 16 Coffee 'Market Irregular. NEW YORK. Aug. 2. Nervousness over European political conditions and the weakness of the stock market caused some Irregularity in the market for coffee ru tures today. On the whole, however, the tone showed some improvement owing to firmer Brazilian cables and reports of a sliithtly better spot demand and after ooeninsr at an advance of 10 to 20 points active months sold . aoout An to it points net higher during the middle or the aay. There were reactions of several points later under realizing. December easing ntf frnm l o SO to 10.50c. but that delivery closed at 10.64c with the general list snow mi. not nrivance or 1Q to 2 1 DOints. epiem ber. 10.30c: October. 10.42c: . December, 10.64c: January, lu.iic; aiarcn. iw.ok ...... intlb.. Tnlv 11 fXr Spot COIiee was reporteu in muueratB demand with prices nominally unchanged to 10c to 11c for Rio 7s and 17 c to 18 c for Santos 4s. Chicago Produce Market. CHICAGO, Aug. 2. Butter, unchanged; creamery, 4..oc. Eggs, higher; receipts, n.nuo eases firsts. 46tf47c: ordinary firsts, 423?4.c at mark, cases Included. 4446c; storage packed extias, 48c; storage packed nrsij, 47 K5. " New York Produce Market. NEW YORK. Aue. 2. Butter, steady orMmerv liieher than extras. 55(57c creamery extras, ojc; creamery iirais, Ece-s. irregular: iresn gatnerea extra flrstM. ftfS.r3c: firsts. 476350c. Cheese steady, state wnoie mux xiats, current make, white and colored specials, LjW3DeTIUTOr7 I BANK. I AAJJ Consult Your Before You Banker Invest Countless financial tragedies of small investors and many losses sustained by large investors would have been avoided had this advice been followed. The widow left with small capital ; the teacher who has saved a few hundreds ; the man who knows no business but his own how many of them have lost everything in speculative stock ventures and other get-rich-quick schemes. We will gladly investigate for our customers prop ostions that you are considering and give you an unprejudiced opinion as to their worth. Our Bond Department can always offer you con servative investments, which will not promise spec ulative returns but which we have investigated and consider safe. - (Never invest money, no matter how plausible -the proposition, without consulting a reliable financial institution.) Ladd GpTilton Bank $42,000 Tax Exempt j General Obligation Bonds Rigby, Idaho Independent School District No. 5 Yielding 6' Dated May 15, 1919. Denomination J1000. Oldent in the Aortltwest Washinarton and Third lHEMBE R L13 rrftDERAL RSC7t XYSTEMJ Dae serially 1930-39. Price 100; Yield 6 Principal and Semi-Annual Interest Payable in New York or at Morris Brothers, Inc. TOTAL DEBT $92,000, SECURED BY PROPERTY WORTH $4,500,000 Telephone or Telegraph Orders at Our Expense. MORRIS BROTHERS, Inc. ,j DIB ua OtB ! Street e Pr-mler Muatclpal Bond Hontt stahllaard Quarter of m Centsrr Morrill Bids;.. SO-ll Star St. Capital, S1.000.0UO Telephone Broadway 2131 279 28c; state, whole milk, twins, cur rent make, specials, 27 V, 'JSC. Dried Fruit at New York. NEW YORK, Aur. 2. Evaporated apples, dull; California. 1113; state, 13 Prunes, steady; California. SHo0c; Ore gon. HHf21U:C. Peaches, steady; standard, 17HG1S; choice, 111; rancy. 10Hi. Floor Declines at Spokane. SPOKANE, Wash., Aug. 2. The price of flour declined 80c a barrel at local mills, selling for 13.00$12.20 per barrel. Kew York Sugar Market. NEW YORK. Aug. 2. Raw sugar, firm. Centrifugal, 1G.30C. Refined, steady; fine granulated, 21 s'Jl'.r.Oc. Hops, Hides and Wool. NEW YORK, Aur. 2. Hops, steady; state and Pacific coast, 1U10. IKKtiDoc; 1U1S, 8o-90c. Hides and wool unchanged. Wool Pool to Be Stored. LOUISVILLE. Ky.. Aug. 2. The Ken tucky state wool pool, including more than 700,000 pounds, will be stored in ware houses here until the market breaks favor ably for the growers, according to an nouncement today. New York Cotton Exchange. NEW YORK. Aug. 2. Spot cotton, quiet. Middling. 40c. FOR SALE 100 Forks Drilling Co 28 1000 Alaska Pete & Coal Co.. .18 25 Amer. Lifeograph 20.00 30 Bankers' Mortgage Corpn Bid 10 New World Life 11.00 $5000 Superior Portland Cement Bonds to net 8 1000 Idaho Gold & Ruby... .19 1000 Queets Trading Co 0914 Liberty and Victory Bonds any amount. 11 errins Rhodesi nc. y ESTABLISHED ISM. STOCKSand BONDS.' Railway EichnnKe BIdg. Main Tacoma Portlnnd Seattle. Members Chicago Board of Trade. illllllllllllllllllllllllllllllllllllllllllllllllllllllflllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllltlllllllllllllllltlllllllltll' 25 Billion Feet of Timber Stand in the forests of Tillamook County and thus far offer a kingly source of wealth as yet untouched. It is only one of the big resources of this famous center of dairying and cheese-making industries. Invest in the bonds of its trading center City of Tillamook, Oregon General Obligation 6 Improvement Bonds Due (Exp.) 1921-30 Den. $500 6 Net Prices to Yield Just Off the Press- Our New List of August Offerings. Municipal and Corporation Bonds Yielding From 6 to 84. Send For a Copy . ' . .""j'J Under-Sopcrvteion, Oroffon. Sae0didthDepaiiu2itL, Bonds Trusts Acceptances Lumbermens Bldg. 08! 74i . 634 . ' . v3's . UIVs .81 45 1 'A 34 27 Ratio: 5 to 1 The total net assets behind the note issue described below are stated by the Company to be over $250,000,000 including the pro ceeds of the. notes. This is more than five times these notes. These assets' include, among others, oil-producing properties, Eipe lines, refineries and distributing facilities, each of which as an independentearning power. In the opinion of the Company's management, these valuations are conservative and the properties could not be duplicated to day except at much higher figures. Money, Kxcuange, Etc. NEW YORK, Aug. 2. Mercantile paper. S Der cent; exchange. heavy. sterling, ri.manri a.Tl: cables, a.71. Francs, de mand, 7.01; cables. 7.63. Belgian francs. rtmnrt Hi. stales. 8.13. tiuiidera. at- m.mri or.- cble 34. 0-. Lire, demand, 3.33; cables, 5.30. Marks., demand, 1! -J7; i-iihiHs. li.'Jj. LMacnmas, -.13. New York exchange en JL'ci.i.re.1, 10. per cent d.s- Tin-B loans, slrcng; CO days. 00 diys i.vj six ir.jn'.hs, Sj p.r cent. ',ill :iiunev. steady, tiigh. 8; loar. ruli.ie rate. doting bid, 7; offered at 7 lt 'nun. 7 rer cent. Bar silver, domestic, 80; foreign, 8394 Mexican Co'.lali. 71. LONDON. Aug i.--Bai silver, holiday. Mnn-.v. r- Der cent; ilifoount rates, f-hort bii's, 4(U j-li lei cnt; three-months bilis. 4 ll-ltie-' per cent. Swift A Co. Stocks. Closing prices of Swift & Co. stocks at Chicaeo were reported by Overbeck & I Cooke company of Portland as follows: , without deduction E'Vw' QJ for 2 Normal JiV jO Federal Income mclair Secured Convertible 7V2 f 15-year 7 Vis at 08 to yield 8Ci. R Denominations 1100. $500. $1000. B Cash or Partial Payment Plan. R Wire Orders " collect." B I Setose JolM,,. M A Complete-Unit in an Essential Industry Facta and f iitnres compiled by the Sinclair Company Produces, transports, refines and markets pe troleum products. About 1900 producing wells. Approximately 2800 miles of pipe lines. 64 pumping stations. Over' 4000 tank cars. 10 modern refineries with total daily capacity of about 45,000 barrels. 10 casinghead gasoline plants. 400 distributing stations in 20 states. About 6,000,000 barrels crude oil in storage. Marine fleet of 50,000 tons in servic - 1919 net earnings be fore interest and re serves $21,890,898. Total similar net earn ings for last 3 years $56,666,582. . To yield 8 Five-Year Secured 7V2 Convertible Gold Notes of the Sinclair Consolidated Oil . Corporation which has furnished us with the following information: These $50,000,000 Secured Notes are the sole funded debt of the enterprise, excepting equipment notes and other items aggregating about $5,275, 800, and against this the audited statement shows total net assets, including the proceeds of this note issue, of over five times the amount of the note issue. The consolidated net earnings over a series of years make consistent and convincing record, the audited statements showing an amount available for interest, depletion, etc., equal to 5.83 times the annual interest on these notes for the year 1919, and averaging over 5 times such interest for the past three years. The notes have the benefit of a sinking fund pro vision at the rate of $2,000,000 every six months for the purchase of the notes at or below 100 and interest. . A feature is the noteholder's privilege of convert ing each $1000 note into $1000 par value (ten shares) 8 Cumulative Sinking Fund Preferred Stock and 2V shares Common Stock of the Com pany. These secured notes may be purchased in de nominations of. $1000, $500 and $100. Interest payable without deduction for the- Federal Income Tax up to 27c. Write for illustrated booklet We offer and recommend these notes for invest ment at 98 and interest, to yield 8. CLARK.KENDALL &CO OVDWICNT MUMTC1PAX N COKPORJOTOM riM BONDS The statements presented 1n this advertisement, while not guaranteed, are obtained from sources which we believe to be reliable. v Straight Talk To Credit Managers The American's Policy of Credit Insurance is one of the most helpful and constructive business forces at your disposal. It is a con stant guarantee of any executive's good judgment in extending credits. Consider these facts: The death rate in the U. S. Army, ages 21 to 3 1, for the week end ing June 11, was only 60 per million. The . civilian death rate, same ages, is 8000 to the million. The strict health precautions of the army have thus reduced mortality more than a hundred fold. The yearly average number of commercial failures in this country is approximately 10,000 in each million. This excessive failure waste can be very substantially reduced by Credit Insurance as issued by the American Company. ,Take a given number of merchants with our credit insurance and their losses will stay within the normal. Take a given number without insurance and their losses will average above the normal. Let us demonstrate to you that Credit Insurance is the Credit Man' s Best Friend. Write or phone no obli gation. AMERICAN CREDIT-INDEMNITY. CO. or NEW YORK LM. TREAT, president ISSUES STANDARD UNLIMITED POLICIES H. T. MacRill, General Agent Board of Trade Bldg. Portland, Oregon Phone Main 1179. liiiiuiiiiiiiiiiiiiiiuiiu imiiiiiiuniiutiitiif ilium iiiuiiiiiiiiHimtiiMiiiiiiiiiiiiiiiiiiiimiiiiiiiiijiiiiiiiiiiiitiiiuum FACTS NO. 543. SOILS AND ROADS The Bureau of Public Roads, Department of Agriculture, is Inves tigating the relation of different soils to roads to determine the a d a p t a bility of certain materials to specified geological format! ona. From ' Canada, Texas, from - the P a c i f I to the A 1 1 a n t ic, roads iin p e r v f o irs to soil or climatic c o n d i t ions . giving; the best of service are those paved with WARRENITE BITULITHIC Warren Brother Company. HALL & COMPANY BUT AND SELL, Railroad Public Utility , Industrial Municipal BONDS YIELDING 5 to 7 Foreign Government Loans . Local Securities , Preferred Stocks Lewis Bldg., Portland, Or. i