THE 3IORXIXG ORECONIAN. WEDNESDAY. AUGUST 18, 1920
19.
WHEAT BUYERS ARE
HOLDING
OFF NOW
Prices Asked by Growers Said
to Be Out of Line.
FARMERS OFFER LITTLE
Partial Recovery Made in Bids at
Merchants Exchange Coarse
Grains Are Quiet.
There was practically net wheat trading
In the country yesterday, according- to re
port a received at local offices. Farmers
are not Inclined to sell much at this time
and the prices they ask are said by deal
ers to be out of line with eastern prices
and export values.
The local market was somewhat firmer
with the advance at Chicago. 6eptember
fclda at the Merchants" Exchange were 2
cents higher on bard white and 1 cent
higher on the other grades.
Oats bids were reduced SI on both whtte
and gray. Offers for barley were about
the same as the day before. Corn bids
were advanced $1.
' Weather conditions in the middle west,
as wired from Chicago: Chicago and vi
cinity, part cloudy, warmer; Milwaukee,
clear, fine; St. Louis. Kansas City, Omaha,
part cloudy; Minneapolis, clear; Winnipeg,
lad good rain last night; Saskatchewan.
EdraoiMon, cloudy, winds. Forecast: Illi
nois, fair tonight and Wednesday warm
er; Iowa and Missouri, fair tonight and
Wednesday, not much change In tempera
ture; Wisconsin, fair tonight and Wednes
day: North and South Dakota, fair tonlgnt
and Wednesday, except probably thunder
alarms."
The wheat pool which was adopted by
the Australian government as a war meas
ure, having run Its day and fulfilled Its
purpose, the next wheat crop In Australia
will be handled on the old lines. Former
ly each state dealt separately with its
wa crop, and the Australian premiers,
now sitting in conference, have decided
that the time is ripe for a return to the old
methods. It is thought probable that the
states will form their own pools. Every
thing points to a good harvest in Australia
thrs year, as the disastrous drouth has
given place to excellent growing conditions,
but a good deal of anxiety exists in regard
to the financial and shpping positions.
The British government has resolved to
remove the bread subsidy gradually, start
ling next month, when the price of the
four-pound loaf will be advanced 3d.'
Whatever balance remains will be removed
before next April.
According to the Japan Chronicle, the
Japane.se department of agriculture and
commerce gives the estimates of the wheat,
barley and rye crops, as follows: Wheat,
2S,0.-V5.4oO bushels: barley. 36.C69.082: rye.
40.536.3. Coir-- ared with last year, these
figures show a decrease of 4 per cent in
wheat and of 94 per cent In barley, and
an Increase of per oent In rye.
Terminal receipts, in cars, were reported
Toy the Merchants' Exchange as follows:
Wheat. Ba.rley.Flour.Oats. Hay
"Portland
of capacity, the Ohio valley soft winter
wheat mills 47 yk and the spring wheat
mills 43 per cent."
YAKIMA CANTALOUPES DUE TODAT
Last Car of Southern Elbertav Peaches
Arrives Sweet Potatoes In.
Northern cantaloupes will be In the
market today, when the first car of Bur
rell Gems will arrive from Taklma. They
will be quoted at 12.75 3. There was no
Improvement In the California cantaloupe
situation. The market was oversupplied
and buyers almost made their own prices.
The best standards were quoted at $2.25,
ponies at J1.75 and flats at 75 cents.
The last car of California Elberta
peaches Is due today. The market was
lightly supplied with peaches and prices
were firm, Lovells selling at (1.75 and
Elbertas around S2.15.
Another car of sweet potatoes arrived
yesterday.
Small Gain In Wheat Visible.
The American visible wheat supply com
pares as follows:
Bushels.
August 17, 1920 20.865,000
Augilnt 18. 1919 39,846.000
August 19, 1918 82,759.000
August 20, 1117 4,643,000
Increase.
831.000
7,717.000
9.295,000
375.000
Decrease.
The corn vlsrble ts 4,705,000 bushels, a
decrease of 982.000 bushels. The oats vis
ible Is 4.0S6.000 bustoels, an Increase of
446,000 bushels.
Bank Clearings.
Bank clearings of the northwestern cit
ies yesterday were as follows:
Clearings.
Portland 16.715.275
Seattle 6.878, 8."8
Tacoma 1,037.345
Spokane 1.863.52a
Balances.
J2.0O1.239
1.410.76S
160.624
487.080
PORTLAND MARKET
QUOTATIONS
Tuesday ...... IT ... 4
Tear ago 22 2
Season to date.lo in J"
Tear ago 816 75 119
Tacoma
.Monday 11 ... 5
Tear ago 38 1 ....
Season to dale 318 11 134
Tear ago ...... 340 SO .....
Seattle
Monday 5 ... 3
Tear ago 22 3 ....
8'ason to date 135 82 45
Tear ago...... 183 f6 58
2
8
41
105
2
8
29
1
I
60
170
246
87
112
12
14
281
118
Grain, Floor. Feed, Etc.
Merchants' Exchange, noon session l
Bid
Wheat (racked)
Hard white ...2.30 $2.30 $2.50
Soft white 2.29 2.29 2.28
Winter duo , 2.28 2.28 2.28
Hard winter 2.28 2.28 2.28
Northern spring 2.29 2.29 2.29
Red Walla 2 27 2.27 2.27
Oats Aug. Sept. Oct.
Jfo. 2 white 4S.00 48.00 48. 00
No. 2 gray 46.00 46.00 46.00
Barlnv
Brewln 47.00 47.00 47.nO
Standard feed 46.00 46.00 46.00
Corn
Xo. 3 yellow ........
No. 3 eastern yellow
Mlllrun
STOCKS ARE SOLD DOWN
SHORTS FAVORED BY FOREIGN
AND DOMESTIC EVENTS.
LiosSea in Specialties Range From
Two to Seven Points Call
Money Rate Advances.
NEW YORK, Aug. 17. The same fac
tors and considerations which have fav
ored the short account In the stock mar
ket for a fortnight were operative today,
prices reacting sharply after an early
display of moderate strength.
Despite an increasing . belief that the
market has been almost thoroughly liqui
dated, bears experienced little difficulty
In effecting additional Impairment of
quoted values, especially in speculative
groups.
Extreme losses of 2 to 7 points marked
the steady offerings of shippings, motors,
steels, equipments and related specialties.
Atlantic. Gulf & West Indies, Mexican
Petroleum, Crucible Steel and Studebaker
represented the weaker issues.
Renewed selling followed an advance In
call loans from 7 to 8 per cent and rumors
that the administration was considering
Issuance of another statement on the
Polish situation. Sales were 435,000
shares.
The market for foreign exchange was
comparatively inactive, but most of the
leading remittances, sterling excepted,
moved against their home centers, includ
ing the rates to Scandinavian points.
Heavy selling of liberty fourth 4Ul
caused a substantial reaction and a 2
polnt decline in Dominion of Canada 5s
of 1931, featured the more active and Ir
regular bond market. Total sales, par
value, $9,975,000. Old United States bonds
were unchanged on call.
cllne officially reported In the Rio mar
ket had been pretty well discounted. De
cember sold up from 8.85c to 9c, or about
9 potnts net higher, but prices weakened
again during the afternoon, owing to the
unsettled ruling of other markets, private
reports of a further decline at Rio and
special cables from Santos showing a de
cline there of 50 to 200 rela. September
sold off to 8.08c and December to 8.68c,
with the market closing at a net decline of
13 to 26 points. September, 8.08c; October,
8.28c; December, 8.69c; January, 8.83c;
March, 9.13c; . May, 9.26c; July. 9.36e.
Spot coffee, dull; Rio 7s, 99Vac; San
tos 4a, l&15c. - . . .
Eastern Dairy Prodnee.
CHICAGO, Aug. 17. Butter Higher;
creamery, 44 55c.
Eggs Higher; receipts. 17.851 eases:
firsts. 45 i4 a 47c: ordinary firsts, 4l&
42c; at mark, cases included, 43945c;
storage packed firsts. 47Vsw4Sc.
NEW TORK, -Aug. 17. Butter Cream
ery extras, 55c; others unchanged.
Eggs Firm, unchanged.
Cneese Steady, unchanged.
CLOSING STOCK QUOTATIONS.
BUYERS CONTROL SHOE MARKET
Manufacturer Await Definite Lin en
Retailers' Wants.
It Is quite evident that the buyers are
In control of the shoo market. Manufac
turers who have been hoping that condi
tions would improve are beginning to real
ize that they must wait until those who
are In closer touch with the ultimate con
sumer will make their wants known and
purchase accordingly. In other words, the
retailer Is going slowly, for he has not
forgotten the economy wave which swept
the country and hit the footwear industry
particularly hard.
According to advices to the New York
Journal of Commerce from Lynn, one of
the leading shoe centers, the buyers are
doing practically nothing. No matter how
strong the Inducements made by salesmen.
buyers are apparently determined to make
no commitments, and until the latter
move, the shoe and leather trade is not
likely to make much headway.
The trend Is distinctly away from the
high-priced lines and there is consider
able Interest in cheap and medium-priced
footwear. It is certain that people have
made up their minds that they will no
longer buy high-priced shoes, because It
indicates poor judgment. Inasmuch as the
same and ofttimes better service can be
gotten out of medium-priced footwear.
Consumers need not fear to buy medium
priced goods. Manufacturers are practical
ly unanimous In the assertion that there
will be plenty of good shoes at a modest
cost. As a matter of fact, it was just as
easy to get footwear at reasonable prices
during the period when most people were
calling for the best and paying whatever
was asked, but the salesmen simply were
reluctant to push the cheaper lines.
LOCAL BUTTER MARKET 13 FIRM
Prints and Butter Fat May Be Advanced
Later In Week.
There was talk yesterday of a probable
advance in the print butter mark:! to
day, but no action was taken and prices
may not be raised until the last of the
week. Some of the creameries were In
favor of putting prints up 3 cents and
raising butter fat 2 cents. There is very
little top grade cube butter on hand and
the market is considered strong. ,
Eggs were .firm with continued light ar
rivals from the country. Buyers offered
00 cents delivered, loss off tq country
shippers. Candled ranch sold on the
street at 53Q54c and up to 53 cents
was asked for selects. A car of fresh
eastern eggs arrived during the day.
The feature of the poultry market was
the strong demand for spring chickens.
wlilcn wero quoted at 2ti30c. Hens
were steady except light weights which
wore slow. White ducks sold at 33 cents.
Farm dressed pork was scarce and firm
at 24 ceuts. Veal was unchanged,
EASTERN FLOUR MARKET LIFELESS
Buyers Refuse to Follow Recent Ad
vance in Prices.
MINNEAPOLIS, Minn., Aug. VI. (Spe
cial.) The rth western Millers' Weekly
Review of the flour trade says:
Ths flour market has remained life
less, as buyers have refused to follow the
slight advances in flour prices, due to
ths strength of cash wheat- Even with
these advances, flour is now cheaper
than at any time since last November,
with the exception of a few days late in
July. The revival of trade in wheat
futures la apparently holding flour prices
down to the benefit of the public, but to
ths indignation of the farmer.
"The millfeed market is mors active,
ajwkng to ' scarcity of supplies and the
desire of buyers to get shipments be
fore freight rates go up.
"Ths flour output has materially Im
proved In the past week, the Kansas
Oklahoma hard winter wheat mills re
porting an output representing 63 per cent
...64.00 63.50 63.00
...64.50 64.00 63.UO
. . .06.00 45.50
FLOUR Family patents, $12.95; bakers'
hard wheat, $12.95; best bakers' patents,
$12.95; valley. $11.20; graham. $10.80;
whole wheat. $11.05.
MILLFEED Prices f. o. b. mill: Mill
run, $59 pr ton: rolled barley. $6265;
rolled oats. $&5&66; scratch feed, $8485
per ton.
CORN Whole, $72073; cracked. $7S07
per ton.
HAY Buying price f. o. b. Portland:
Alfalfa. $24925; cheat. $19; clover. $20;
valley timothy, new, $27028.
Dairy and Country Produce.
BTJTTER Cubes. extras, 545Sc
pound: prints, parchment wrappers, box
lots. 59c per pound; cartons, 60c; half
boxes, He more; less than half boxes, lo
more; butterfat. No. 1. 58o per pound at
stations, Portland delivery, 62c
EGOS Buying price, loss off. 50c. Job
bine; prices to retailers: Candled, 53 54c;
selects, 56 58c.
CHEESE Tillamook, t. 6. b. Tillamook:
Triplets. 29c; Young Americas, 30c.
POULTRY Hens, 18i&27o; springs. 28
ROe; ducks. 2533c; geese, nominal; tur
keys, nominal.
PORK Fancy, 24o per pound.
VEAL Fancy, 23c per pound.
Fruits and Vegetables.
FRUITS Oranges. $5.75 9 7.50: lemons
$4.505.50 per box: grapefruit, $506 per
box; bananas, ll12o per pound; apples,
new. $1.504 per box; cantaloupes, 75c
$2.25 per crate; watermelon. 2Hto3c per
pound; peaches. $1.752.15 per box; plums,
$1.75&2.25 per box; casabas, 5c per pound;
grapes, $3.5003.75 per crate; pears, $40
4.75 per box; blackberries, $3.25.
VEGETABLES Cabbage, 2 O So per
!D. ; lettuce, xi.uuti2.50 per crate; cu
cumbers, 7o90c per doz.; carrots. $30
J.oo per sack; horseradish, 2.c per pound;
garlic, 30c: tomatoes. $1&1. 25 per box:
peas, 7010c per pound; beans, 5&8c per
pound ; Deets, $3.0 per sack; turnips,
$3.50 per sack; eggplant, 12 She per pound;
green corn, 30 J 40a per dozen.
POTATOES New white. 3Ue per
pound; sweet potatoes, 15017Vfee per
pound.
ONIONS Yellow. $1.5001.75 per sack.
Staple Groceries.
Local jobbing quotations:
SUGAR Sack basis: Cane, granulated.
zivic per pouna.
HONEY New, $707.50 case.
NUTS Walnuts. 22038c; Brazil nuta
sac; ximerts. 30035c; almonds, 35c; pa'
nuts, H 01b hie: cocoanuts, $1.75 per dozen
H lUfci iiue Rose. 14 c per pound.
BEANS Small white, TV4c; large white.
7c; pink, 84c: lima. 12o per pound;
bayous, use: Mexican reds, lOiac per lb.
COFFEE Roasted in drums. 30 0 50c.
Provisions.
Loesl lobbing quotations:
HAMS AJ1 sizes, 42046c; skinned, 419
tve; picnics, 2dc; cottage roll, 3oc
LARD Tierce basis, 23u; shortening,
20c Der pound.
DRY SALT Short, clear backs, 25O270
per pouna; piaies, 21c.
BACON Fancy, 4G58c; standard, 31
42c per pound.
Am Beet Bug.
Am Can ....
Am Car & Fdy
Am H & L pfd
Am Inter Corp
Am Loco ....
Am Sm & Rfg
Am Sugar. . . .
Am Sum Tob.
Am Tel & Tel
Am Woolen . .
Am Z L & Sm
Anaconda Cop.
Atcnison ......
Atl G & W I.
Hald Loco ...
Bait & Ohio..
Beth Steel B.
Caiif Petrol..
anadian Pac
Cent Leather.
Phand Motors.
Ches & Ohio. .
C M & St P.
C & N W
C R I & P. ...
Chlno Cop. . . .
Corn Products.
Crucible Steel
Cuba Cane Sug
Erie
Gen Elec...
Gen Motors. . .,
Gt Nor pfd..
Gt Nr'Or ctfa
Illinois Cent..
Insp Cop... .
int .M i ptd
Inter Nickel..
Inter Paper. . .
Kenn Cop ....
Lou & Nash
8a1ea.
1.000
700
3,000
1.200
4.6O0
2,U(K)
500
1.700
1.100
' 500
3.8110
200
1,000
700
8.700
37,700
4.. -.00
16.200
1.200
1,400
1.4H0
.l.HOO
300
1,000
600
1.S00
500
2.800
6.200
4.500
1,200
100
9, 000
1,000
BOO
' 700
600
4,4(10
BOO
1.200
900
10O
Mex Petrol 17,500
Miami Cop
Mid States Oil
Mldv Steel...
Missouri Pac.
N Y Cent...
N Y N H & H
Nor Pacific. .
Ok Prd & Rtx
Pan-Am Petrol 20.700
Pennsylvania. 2.50O
Pitts & W Va.
Ray Con Cop.
Reading 9.200
Kep lr ist.. .im
Royal Dutch..
Shell T & T.
Sin Oil & Rfg
So Pacific....
So Railway . . .
in j Dia
Studebaker Co
Texas Co.....
Tex & Pac
Tob Prodts...
Trans Oil....
Union Pac ....
U S Food Pdts
U S Ind Alco
U S Rft Stores
U S Rubber. .
U S Steel.
11(0
6.400
4.300
500
500
7,100
600
400
4O0
200
8.600
5.100
5.400
2.4110
6.000
300
9.51I0
8,01)0
2.2O0
6(10
1.000
1.900
2.1 OO
ono
3,000
3.500
40.3OO
High.
76
S3
135
74 "
72 H
94 is
53
114V4
83
90
77
114
07
81
136U
105 4
35 a
IS
119
63 H
84 V4
. 56
33 Mi
6!Ti
33
25
87
136
3S
T2
130
21
73 hi
31 V
84
43
73 '4
19
77
23
98
157 H
18
12
30
25
71
33
7.1
3
83
40
25
14
SSS,
81
"SO
r.o
2H
91 27
ior.
62
44
34
50
10
117
Low.
74
33
131
73
07
92
53
113
80
95
75.
11
60
80
128
102
34
70
25
117
52
80
65
32
60
3-3
25
85
131
30
12
139
20
72
30
84
45
71
18
74
23
98
150
18
12
30
24
70
32
73
8
78
40
25 Vi
3 4 1-i
S
79
79
4S
26
no
21!
105
69 at
44
32
50
104
110
57
80
2
82
85
10
59
46
16
.1
ALL LINES HOLD EVEN
ml
PRICES ARE STEADY AT NORTH
PORTLAND YARDS.
81
4
S7
U S Steel pfd 100 106-
L tan cop..... won t(i
West Eiec 5Q 47
WUlys-Over.i 5.900 1 6
BONDS.
U S Lib 8 . -s. 90.00' Anglo Fr 5s..
do 1st 4S ... . 14. (11 A T Ar T s.
do 2d 4s 84.20!Atch gen 4s..
do 1st 4s. . .84.68' D & R G 4s. .
do 2d 4s. . .84.30iN Y C 6s
do 3d 4s. . .R7.R6IN P 4s
do 4th 4s. . .S4.tl!N P 3s
Victory 3s
do 4s. . . .
U S 2s reg...
do coupon...
U S 4s. reg..
do coupon...
Pan 3s. reg...
do coupon ..
Last
Sale.
74
33
131
73
68
83 .
53
113
80
95
' 75
11
50
80
320
102
34
72
117
52
SOU
56
32
W0
33
25
85
131
37
12
139
21
72
30
84
45
71
18
75
23
OS
151
18
12
30
24
70
32
73
3
70
40
25
14
80
80
79
4S
26
90
26
irm
60 'i
41
33
59
10
116
57
K0
62
. 83
86
106-Vt
59
47
16
..99
..05
..75
..63
. .80
.74
.53
Receipts Over Night Are Lilgtat and
Trading During Day Is Not.
- Extensive.
Only four loads of stock were received
at the yards yesterday and trading was
limited throughout tne day. The tone of
the market was reported as steady in all
departments and prices were unchanged.
Only a few cattle were offered. , Hogs sold
at the previous day's range 'with 17
cents as the top. Uneep and lambs were
also steady.
Receipts were 25 cattle and 484 sheep.
The day's sales were aa follows:
Wgt. Pr. Wgt. Pr.
15 steers.. 1053 $ 8.00 16 hogs.. 2o7 16.75
3 steers.. 1000 7.001 Shoga.. 243 $17.00
6. 00) 8 hugs.
6.25( 2 hogs.
2.50 1 hog..
6.001 16 hogs.
5. oil; 20 lambs.
8 cows
1 cow. ;
1 cow. . .
15 cows. .
1 CO w . .
1 CO w . . .
2 calves.
3 calves.
4 calves.
14 hogs.
1 hog. . .
12 hogs.
2 hogs. .
1 hog. . .
2 hogs. .
14 hogs.
18 hogs. .
1 hog. . .
16 hogs. .
1 hog. . .
1 hog...
1 bog. . .
1 hog. . .
1 hog. .
6 hogs.
2 hogs. .
1 hog. . .
2 hogs. .
LShogs. .
17 hogs. .
1 hog. . .
vol
810
810
461
860
680
105
120
235
207
80
205
195
200
160
140
216
230
208
200
4O0
4oO
240
270
166
235
130
20Q
208
208
260
173
305
230
215
7S
93
86
88
120
153
150
170
181
148
148
260
17.
16.75
10.00
17.00
7.00
1 8.75
7.50
8.25
6.00
4.00
3.50
17.25
37.60
17.25
17.25
13.75
1117 16.00
198 17.00
16.00
15.75
17.00
Surety for Long Service
on a Small Investment
TAX
EXEMPT
General
Obligation
$20,000 6 Gold Bonds of the
Crystal Highway District
POWER COUNTY, IDAHO
Yielding
Dated May 20. 1919.
. Denomination $1000.
Due. Serially May 20, 1930-19S8.
Price 100 to Tield 6 Per Cent.
Principal and Seml-Annual Interest Payable In New York
or at the House of Morris Brothers. Inc.
pHE CRYSTAL HIGHWAY DISTRICT embraces the
A most productive portion of Power County.
Money derived from the sale of these bonds goes to
extend good roads, making the district the more accessible.
The district is in the state's premier grain-raising
section, where 60 bushels of wheat per acre is common.
S'
4.0O 03 Iambs..
13.00 3 lambs..
15.50 30 lambs..
6.00 1 ewe. ...
16. (Ml 5 mixed..
15.00 6 mixed. .
17.00 5 hogs. ..
17.25 9 hogs...
17.25 5 hogs.. .
12. oo 5 hogs. . .
16.50 1 hog....
17.0O 17 hogs...
15.50114 hoss.. .
16.5014 hogs.. . " 245
17.00 2 hogs.. . 150
14.001 6 hotrs... 144
14.001 2 hogs... 2S0 14.O0
37.001 io nogs.. . m u.uu
17.0OI10 hogs.. . 108 17.00
17.25 15 hogs.. . 1S8 15.75
17.001 2 hogs... 160 16.00
15.75 1 hog.... 330 15.00
14.75(16 hogs... 26 17.00
15.7512 hoga.. 205 16.75
17.00114 lamba. 82 8.50
15.75133 ewes. .. 84 6.00
Official Quotations at the Portland Union
stockyards were as follows:
Cattle Price.
Choice grass steers $ 9.5010.50
Good to choice steers 8.00"jj 11.50
Medium to good steers 7.500 8.50
Fair to good steers 7.00 7.50
Common to fair steers. . 6.00 7.00
Choice cows and heifers 7.25 0 7.50
Good to choice cows, heifers.. 6.25 7.25
Medium to good cows, heifers. 5.25 6.25
Fair to medium cows, heifers. 4.2569 5.25
Canners 2.753? 4.25
Bulls 5.00 6.00
Choice dairy calves 13. OO 15.50
Prime light calves 11. 50013. OO
Medium light calves o.oorn.no
Heavy calves
Best reeders
Fair to good feeders.
Hogs
Prime mixed
Medium mixed ......
Smooth heavy .......
Rough heavy
Pigs
Sheep
Prime lambs ........
Cull lambs
Ewes ................
Yearlings
Wethers
.05.54 Pac T & T 5s..S(l
.05.54!Penn 4H"
100 So Pac 5s
.100 So Ry Cs
105 II P 4s
105 U S Steel 5s. ..
.77
.77 Bld.
80 VI
.05
2V
.80
9154
Boston Mining Stocks.
BOSTON, Aug. 17. Closing quotations:
Hides and Plt.
HIDES Salt hides, all weights, 1113c
green or salt calf, under 15 pounds,' 20f?r22c
ereen or salt kid. 15 to 30 pounds. 12o.l5c
salt bulls. 9c; green bulls, 7c; dry hides,
i;oc: dry salt hides, lc; dry calf, under
pounds, zoc; salt norse nides. large. S4
each ; medium .i; small,
PELTS Dry fine long-wool pelts. 15c
per pound; dry medium long-wool pelts.
12c; dry coarse long-wool pelts, 10c; salt
long-wool pelts, $2 to 93 each; salt lamb
pelts, 50c to 75c; salt shearlings, 2oo to
50c; salt clippers, 15c to 25c..
Wool, Cascara, Etc.
MOHAIR Long staple, 25c; short sta
ple. 15c per pound.
TALLOW No. 1, 7c per pound; No. 2,
So per pound. .
CASCARA BARK Fer pound, gross
weights, old peel. 12c; new peel, 10c per
pound.
WOOL Valley, medium, 3oe per pound;
valley coarse, quaiter blood, 20c: coarse,
low and braid, 15c; coarse matted, 12c
HOPS Nominal.
GRAIN BAGS Carlots: Spot. 14c.
Allouez 21 1
Arizona 9
Cal & Ariz 54
Oal & Hecla...205
Copper Range - 33 Vfe
East Butte 83
Franklin 62
Isle Royalle 26V4
North Butte.:. 14
Old Dominion.. 21
lOsceola
Quincy
(Superior
up & .Boston..
Shannon
Utah con
Winona
Wolverine
Green Cananea.
36
43
44
2
J
25
12V4
24
Oils.
LINSEED OIL Raw, barrels,
raw, drums, $1.76; raw, cases, 91.84
barrels. 1 71; boiled, drums, SI. 78
cases. $1.86.
. TURPENTINE Tanks, $1.96;
$2.11.
COAL OIL Iron barrels, 1514c
wagons. 25 He; cases. 38c.
GASOLlNh, Iron barrels, 2954c: cases.
$1.69;
boiled,
boiled,
. cases.
tank
Money. Exchanre, TCte.
NEW TORK. Aug. 17. Mercantile pa
per, unchanged.
Exchange. Irregular; Sterling, demand,
93.64; cables, 93.6434. Francs, demand.
7.29; cables, 7.31. Belgian francs, demand.
7.75; cables. 7.77. Guilders, demand. 33.00;
cables, 33.12. Lire, demand, 4. 88: cables.
4.90. Marks, demand, 2.13; cables. 2.14.
Drachmas, 8.51. New York exchange at
Alontreal, ll a- per cent discount.
Time loans, strong, unchanged.
rll money, steady: high, 8:- low. 7
ruling rate. 7; closing bid, 7; offered at 8;
ast Joan, .
Bar silver, domestic, unchanged; forelan
97 Vic. .
Mexican dollars, 74 54 e.
LONDON. Aug. 17. Bar silver. 69id
per ounce. Money, unchanged; discount
rates, short bills, 654 per cent; three
months bills, 6 per cent.
iURETY BRAND is a moderate priced, smooth
surfaced Carey Roofing made in light, medium
and heavy weights and finished with talc.
It is very popular for barns, garages, factories, ware
houses and all sorts of farm buildings.
Like all Carey R&n Roofings, it is made of genuine As
phalt refined and 'tempered by special processes which
are the result of 47 years of practical experience in
roof making.
There is a SURETY of satisfaction when you buy a
roofing that has been on the market for so long a time,
and has served so many others in your community
so welL
Ileadq tiarf are tor building mnd insulating products of
ASPHALT
MAGNESIA
A Roof for EVrp Building
PACIFIC ASBESTOS &
SUPPLY COMPANY
DISTRIBUTORS
67 and 69 First Street,
PORTLAND, ORE.
7.00 9.00
6.50 7.00
6.503l 6.00
17.00 17.50
16. 50 (317.00
13.50 15.50
11.O4I0 13.50
12.0 j 15-50
8.00 9.00
6.0O 7.00
2.25 6.00
6.00fw 7.25
6.00 6.50
Chicago livestock Market.
CHICAGO. Aug. 17. Cattle Receipts.
10.0O0 head; choice steers, steady; others
very draggy ; undertone weak. Early top,
$10.75: good to fairly choice, S13.2516.59;
grassers tending lower, f 0.50fi14.50; good
and choice cows. S9.7510.&0; canners and
cutters, S46.25; slow, steady; medium j
erades. dull: holosnia bulls, drasrw. 5.5(1 tfl) I
7.50; veal calves, uneven; early sales to
butchers, strong, mostly $1515.50 for
choice; packers bidding lower; Blockers
strong.
Ho;a Receipts. 20,000 head; mostly 10c
to 15c higher tnan yesterday's average.
Early top, S16.10; bulk light and butchers,'
$15.3516; bulk packing sows, S14.30Q
14.50; pigs, strong to higher.
Sheep Receipts, 19,000 head; natives
about steady; lambs, $12.25 down to pack
ers; fat ewes, largely $7(7. 50; wethers,
slow; good Idaho lambs, f 12.65; good Mon
tant wethers, bid $7.75; feeders, quiet.
Omaha Livestock Market.
OMAHA. Neb., Aug. 17. Hogs Re
ceipts. 6500 head; generally 10o to 25c
higher. Medium and light butchers to
shippers. $14.7515.25; top. $16.40; strong
weight and packing grades, $14. 35 14.65.
Cattle Receipts. 6500; fed cattle stead
to strong; best fed yearlings, $16.75; grass
steers and she stock, steady to $2.50,
lower. Stockers and feeders, firm.
Sheep Receipts, 31.000 head; lambs,
steady to 25c lower; best early sale, $12;
sheep aeid feeders, steady; best ewes, $6.25;
best early sa,lc. feeding lambs, $12.40.
Kansas City Livestock Market.
KANSAS CITY, Mo.. Aug.' 17. Cattle
J 734 734
8 Province of British Columbia
Five-Year 6 Gold Bonds
- Denominations $500 $1000 . .
Our original allotment having- been over
subscribed, we have obtained an additional
block of these bonds, which we offer at
92.85 and accrued interest, yielding 7
Wire orders "collect"
Freeman Smith & Camp Co.
SECOND FLOOR
NORTHWESTERN BANK BUILDINGS
sm rBcisco Main 646
Telephone or Telegrraph Orders at Our Expense.
MORRIS BROTHERS, Inc.
The Premier Municipal Bond Hone
Between Kutal-llshed Quarter of a Century Telephone
Mb and 6ta Morris li !!.. 309-11 Stark St. Broadway
Streets Capital One Million Dollar 2151
Receipts, 1R.O00: beef steers, steady to
weak; top, J 16. 85: other sales. $1016.7a;
bulls, strong; other classes mostly steady.
Texas cows. $B: choice natives, $10.50;
bulk vealers. $12l.t: top, $13.50.
Sheep Receipts, 8500; active and steady,
no choice western lambs offered; top na
tives, $12; feeding lambs, 111.70.
Seattle livestock Market.
SEATTLE, Wash., Aug. 17. Hog re
ceipts, 88: firm. Prime, $17.7518.25;
medium to choice. $16.7517.75: rough
heavies. $15.25 10.2.1; pigs, H3.5O015.
Cattle Receipts, 68; steady. Prime, $10
10f0: medium to choice. SS.50Ofl.50:
Coffee Futures Still Weak.
NEW TORK. Aug. 17. The market for
coffee futures showed continued weakness
today with prices making new low ground
f-r the movemert. After opening at a
decline of 2 to 9 points there were rallies
on covering an.1 it weemed that the de-
SSc.
FUEL OIL, Bulk,
$2.10 per barrel.
Eastern Cash Grain Market.
St. l.ouis Cash wn-at, S to 4c higher.
Corn, steady; lc higher.
Kansas City Cash wheat, 3 to 5c
higher. Corn, 1 to 2o higher. September
oats unchanged.
Omaha Dark wheat, $2.50.
New Tork Sugar Market.
NEW YORK, Aug. 17. Raw sugar,
quiet; centrifugal, unchanged. Refined,
quiet: fine granulated, "unchanged.
Profitable Advice
It you are Interested In any of the fol
lowing securities, you should send Im
mediately for this week's "Weekly
Market Uuide."
- Sample Copy Free Ask for MG-19.
N. Y. Central
Union Pac
Federal Oil
Southern Ry.
Skelly Oil
United Profit
Sharing
White Oil
U. S. Steamship
Sim ma PetroL
Grape Ola
and many others comprehensively
analyzed.
Stocks carried on Margin, also on
the 20 Months' Payment Plan.
Crossman, Sherman Co.
Stocks & Bonds
7 Pine Street New York City
7512
Of all the steel filing cabinet
and furniture equipment in the
banking and business offices
of the world today is the
product of the Art Metal Con
struction x Co.'s factories at
Jamestown, N. Y.
Their catalogue of Steel Let
ter Files, Document Files, Card
Index Files, Roller Shelves,
Vault Trucks, Safes, etc., fur
nished on request.
Glass &
Prudhomme Co.
Agents Art Metal
Construction Co.
PRINTERS : BOOKBINDERS
DESKS : FILING CABINETS
65-67 Broadway
Portland,' Oregon
PACIFIC POWER and LIGHT
COMPANY
B fl
ea
1
IB
I
IS
BANK.
We offer for investment
our allotment in
$1,000,000
Pacific Power
and Light Co.
First Lien and General Mortgage
8 Gold Bonds
Dated Angrist 1, 1920 Due Augnst 1, 1930
Denominations $1000 and $500
ryHIS company serves southeastern Washington and
northeastern Oregon, including Walla Walla, Yak
ima, Vancouver, Astoria, The Dalles, Pendleton, Hood
River and Lewiston, Idaho. The company's growth
and earnings over a ten-year period indicate a strong
and substantial condition. 717s of .company's electric
capacity is hydro-electric.
We recommend these bonds for investment
Price 98 : Yielding Over 834
Complete detailed information on request
BOND DEPARTMENT
Ladd & Tilton Bank
Oldest in the
Northwest
4EMBEr
FEDERAL I
SrSTEM.
, Washington and
Third Streets
common to good, S6.nO9f7.50: best cows
and heifers, $.7507.2; medium to
choice, common to good, S4.
5.2o; bulla, J5 &'!: calves, $7114.
8wift Co. Stocks.
Closing prices of Swift & Co. stocks a
Chicago were reported by Overbeck
Cooke company of Portland as follows:
Swift & Co 104 H
Swift International 30 4
Llbby, McNeil & Llbby 12 4
National Leather 10 Vi
Dried Iult at New Tork.
NBW TORK. Aug. 17. Evaporated
pies. dull. Prunes, firm. Peaches.
The Money Goes
Back for Improvements
An increase of 61 in population and an addition
of 53 in the number of consumers during 10
years indicate partially the steady growth of this
great company and the reason for this issue of
IO Year 8
First Lien and General Mortgage
GOLD BONDS
Pacific Power & Light Company
It serves 65 cities and communities in Oregon
and Washington, and enjoys a profitable, non
competitive business.
PRICE 98 !4, YIELD 84
A TEN-YEAR, 8. COUPON BOND
DENOMINATIONS $1000 AND $500
Dated August 1, 1920
Due August 1, 1930
BUSINESS DEVELOPMENT
The business development of the Company is shown by the following statement of
the number of customers in 1914 and. in 1920:
Total
Electric1
Cnstomera
December 31, 1914 17,998
June 30, 1920 .28,956
- Gaa
Customers
6,366
8,719
CoMtomen
4,680
6,649
29,044
44,324
The increase in the number of electric customers from December 31, 1914, to June
30, 1920, was equal to 61. The increase in gas customers was equal to 37 ; in
water customers equal to 42 and in total customers equal to 53.
This well managed, local concern serves such agricultural communities in the
northwest as Hood River, Oregon, Walla Walla, Washington and the Yakima
Valley. The Yakima Valley alone, which is served by the Pacific Power & Light
Company without competition, produced $42,000,000 worth of produce in 1919.
PRICE 98.25 TO YIELD 8.25
Blyth. Witter.9 & Co.
VNIIH) SMES GOVERTO-UOT MUNICIPAL, API CORPORAIICW BONDS '
YE0N BUILDING, PORTLAND
Telephone Main 8183
Seattle Los Angeles
San Francisco
New York
wLeMfcsCliUsnstlLaal
omotislfmLCo.
Uador- SnpervisLcnx. Oregon. sLiia Banking DojarLmjenl-
BONDS TRUSTS ACCEPTANCES
Lumbermens Bldg
Investment Opportunities
and
Oar Twenty Payment Plan
Mat nMki. which nn be norchM b d 01
BBvall iwimuk. zttMllnc owr a palled of
twesty moDtas. This plan was wnritd
by ms LB ISM. Vem eaa secure Dot free.
Writ far 17-. TO
Investment Securities
40 Exchange Plac, New York
TAX EXEMPT
BONDS
TO NET
7
PREFERRED STOCKS
We buy and sell all local securities.
Robertson & Ewing
207-8 N. W. Bank Bldg.
German Cities Bonds
are now actively traded in on the
New York Curb.
We are specialists in these issues
and particularly recommend the
purchase of
Berlin 4, Hamburg 4Vz9
Bremen 4
tor the reason that these cities repre
sent the most important industrial and
shipping centers In Germany and the.e
bonds have by far the largest security
back of them.
At present prices, profits of 1000 are
possible. We execute orders either tor
cash or on conservative margin.
' Writ for Circular K-6.
Send for our Weekly Market Letter,
containing; careful analysis of all
active i. V. stocks m&ilrd free.
HENRI & BERNHARD WOLF & GO.
Incorporated.
Stocks, Bond. Forelen Exchange.
230 Madison Ave, New York City.
Phone Your Want Ads to
The Oregoraan
Main 7070 Aut. 560-93