Morning Oregonian. (Portland, Or.) 1861-1937, December 16, 1920, Image 25

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Morning Oregonian., December 16, 1920, Page 25, Image 25

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Newspaper Page TextTHE MORNING OREGONIAN, THURSDAY, DECEMBER 16, 1920 ':.::A - i. :1 WOOL CLIPS TAKEN BY OH MILLS More Business Done Than for Six Weeks Past. land, but a gain in the Seattle holdings. Statistics (or the two elite follow: At Portland Butter, poinds... Cheese, pounds... Egfrs. cases. , Poultry, pounds.. At Seattle Butter, pounds.. . Chtt-s. pounds... Eggs, cases. Pcullry, pounds. This wis. Last t .. !iS7.547 302.650 .. 110,.-,8 89,8;0 1,50 2.6.S3 ,. 24S.203 223.7JU This wk. Last wk. .. S4S.414 531,548 . 313,8s! 3UO.103 141 713 . . 153.490 143.2S3 PRICES ARE AT LOW LEVEL Current Transactions Said to Be Close to Pre-War Basis; In qulry la Eastern Markets. Tuere has been a fair volume of bus! nese in the Portland wool market this week. more, in fact, than In the preceding month or six weeks. The buying was for account of local mills. While the lots taken were small, the aggregate figured up well. The demand Is not broad, however, and no extensive lines could be moved on the present market. The prices paid wero not made public, but are understood to be almost on the pre-war basis. Eastern advices Indicate a little more activity In the market, generally at the expense of values. The- trade In general Is waiting to se what congress will do and until the embargo on tariff questions are settled It is not expected there can be any satisfactory movement in wool. The country markets la the various wool states report lite change in the situation during the past week. An occasional sale of small lota is announced, but on the whole, conditions continue highly unsat isfactory, both as to movement and price State reports are summarized as follows: Arkansas A large part of the 10 20 woo) clip remains In the bands of the producers, wool pools ami sheep breeders' associations. A considerable portion of the stock has been graded. Producers, officials of pools and absociwtions express a desire to meet buyers. Colorado Several of the individual wool growers and local wool pools have shipped their holdings to Kansas City, Chicago and eastern points; others are holding their stocks at local points. Individual growers and officials of pools are ready to trade at satisfactory prices If buyers show any inclination to talk business. Minnesota It is reported that small lots of wool have been sold and traded for woolen goods. Several producers are co operating with state representatives of the farm bureaus in the sale of their wool. Missouri A large amount of wool whicl. has been graded remains in the hands of the producers and the wool pools. No sales were reported during the past week Nebraska A large percentage of the wool remains In the hands of the pro ducers. One state-wide association reports all wools graded. No sales were reported during the past week. New Hampshire Much of the wool pro duced In New Hampshire has been pooled and graded In accordance with the tenta tlve wool grades of the bureau of markets. The producers express a desire to meet buyers. Texas A large amount of wools and mohair of the 1020 spring clip produced in Texas Is reported to have been consigned to eastern points. The 1920 accumulation of wool and mohair at points In western Texas Is reported much larger than in pre vious years. Vermont Much of the 1920 woo! clip of this state is being held by producers and local wool pools. Producers and of ficial of wool pools express a willingness to meet buyers. No sales were reported during the past week. COAST BUTTER MARKETS UNSETTLED Conditions at Eastern Centers Show Little Improvement. The butter market at San Francisco for the past week was unusually dull and unsettled. very little demand was ex hibited and .dealers reported a hand-to-mouth business. Outside demand, with the exception of standing orders, was almost entirely lacking. There was a drop In prices practically every day, re sulting in a 2-crnt reduction for the week. Receipts were light, indicating a diversion of butter to other coast points and deal ers' stocks were well cleaned up. The general opinion of dealers is that the market will remain steady, although some predict lower prices. In the eastern markets conditions show little Improvement. Fancy butter held fairly well and New York advanced 114c on Thursday. Other markets show a bet ter tone. However, opinions are divided as to whether the market is at bottom. The trade is not yet revived and the un dertone continues extremely unsettled. There was a heavy arrival of Danish but ter at New York, about 10,000 caska There was a rumor that Great Britain is arranging contracts for larger quantities of Danish for delivery after tha first of the year and that much less Danish may bo expected in the United States, but no confirmation of these reports has been received. At present the market on Dan ish butter Is weak because of the decline of our prices on good quality in compari son with the moldy condition of Danish arrivals. The preliminary renort on storage hold- ings in the United States on December 1 of this and last year shows: Dec. 1. '20. Dec. 1, '19. Butter, pounds 79.700,000 73.676.233 Eggs, cases. '. . . 1.840,000 3.300,878 Bank Clearings. Bank ..clearings of the northwestern cities yesterday were as follows: - Clearings. Balances. Portland 110.412,861 4.728,6!13 Seattle 6.627.779 1,976.601 Tacoma 74.-..K74 143.2S4 Spokane 2.550.568 7 4,091 rOETLAND MARKET QUOTATIONS Grain, Hour, Feed. Etc. Merchants' Exchange, noon session: Bid Wheat Dec. Jan. Hard white J. 65 S 16o Soft whit I. I f While club J 1 . 60 Northern spring J.J0 J-99 Red Walla, L5 l uo Oats No. 2 white feed ST.OO 37.00 No. 2 gray 36.00 46.00 Millrun 32.00 nFe? T. shipment. 35.00 34.00 FLOUR Family patents, $9.80; bakers' J8.75; valley, J7.25; whole wheat, $8.20; graham, fS. M1LLFEED Prices f. o. b. mill: Mill run, 37 per ton; rolled barley, 132654; rolled oats, J52; scratch feed, $65 per ton. CORN Whole, 50; cracked, 153 per ton. HAY Buying prices, f. o. b. Portland: Alfalfa, 2021 per ton; cheat 2223; clover, 120; valley timothy, 127 28; east ern Oregon timothy, $30. Dairy and Country Produce. rittter Cubes, extras. 4950o per lb.; prints, parchment wrapped, in box lota, 63c per pound; cartons, 64c; halt more; buttertat. buying price, 46'9oac per pouim at stations; 50c Portland delivery. EGGS Buying prices, case count. SSSifilk- Jobbing nrice to retailers, can dled ranch. 6o64c; selects, 676Sc; pul lets. 61c; storage, 58c. CHEESE Tillamook, tnpleta, price 10 Jobbers f. o. b. Tillamook. 30c. POULTRY Hens. lS2c; springs, vi e25c: ducks. 2503.ju: geese, 25c; turkeys. live. 35c; do dressed, choice, 50c. PORK Fancy, 1516u per pound. VEAL Fancy, ltic per pound. Fruits and Vegetables. FRUIT Oranges, navels, $4.506.SO; Japanese. $3 per bundle; lemons. $3.75 $5.25 box; grapetruit, I4p per dox; lu nulas, 12M3'.4c per pound; grapes, 19 tj20c per pound, 15.25 lug; nucKleoemes, lcai22c Der pound; cranberries, coast, $6 per box: eastern. $1920 per barrel; ap ples. Si 1.30 per box; pears, $2.50 per box. VEGETABLES Cabbage, lwc per pound; lettuce, $33.50 per crate; cucum- ers. $1.752 per dozen; carrots, si. outs' 1.75 per sack: garlic. 2,-c: tomatoes, $3.6 4 per lug; beets. $1,5062; sack; eggplant, 20c pound; cauliflower, $1.602 per doz.; celery. 80c 6 1. 25 per doz.; -green peppers. 17 20c per pound; sprouts, liyjc per pound; squash, 2c per pound; pumpkin. 2fcc per pound. POTATOES Oregon, $1.50 1.7B per 100 pounds: Yakima, $2.254f2.50; sweet pota toes, 546c per pound. ONIONS Oregon, $1.25(81.50 per sack; California brown, $1.752 per sack; Cali fornia yellow, $1.75 per sack; Spanish, $6.507.50 crate. . Staple Groceries. Local jobbing quotations: SUGAR Sack basis: Cane granulated 9&c per pound; beet, 9.30c per pound. HONKY Walnuts, 22428c; Brazil nuts. 35c; filberts, 21 g 25c; almonds, 26 iff 30c; peanuts. 9&14c per pound; cocoanuts, $2 per dozen; pecans, 82 635c; chestnuts, 25 35c pound. RICE Blue Rose, 9c per pound: Ja pan style, 7c per pound. BEANS Small white, 6c:, large -white. 6c; pink, 714c; lima, 10c; bayous, 1254c; red, 7!C per pound. COFFEE Roasted, bulk; drums. SI 41c per pound; sacked, 22(&27c per pound salt uranuiated, bales. $3.50 ti 4.25: half ground, ton, 60s, $19.76; 100s, $18.25; lump rock, iu.ou. STOCK LIST FAILS TO RETAIX TUESDAY'S ADVAXsCS. Sentiment Bearish Owing to Divi dend Snspensions and Curtail ment in Metal Production. NEW YORK; Dec. 15. The stock mar ket became heavy again today, various unfavorable developments in the course of the session detracting from the fairly steady opening and provoking fresh selling- Sentiment was rendered Increasingly bc&rlsb by news of numerous dividend sus pensions, further curtailment in steel and iron production and renewed unsettiemeni in several of the more Important commoai ties markets. Adverse conditions In the metal Industry wprn confirmed bv announcement Of wholesale reduction, beginning January 1 next, of waaes of coDDer miners. The money market and foreign exchange were, distinctly stable,desplte misgivings concerning the former, jsnormous leaerai Inc.rmA tjir nnvments caused- no disturb' nace, being offset In large measure by the heavy disbursements of tne treasury ot partment for Interest on liberty bonds and maturing certificates of lndeDteaness. Quotations for call money were easier than at almost any time in the past iorc night, the rate for demand loans failing to 6 per cent in the afternoon, although most of the day accommodations were maae 1 per cent. The lower rate for money 7 A(f rftnt The lower rate for money failed to In duce any buying of stocks however. minimum prices being made In the final hour when oils, steels and shippings were under special pressure. Net losses of 1 to 3 points were registered by Mexican and Pan-American Petroleums, crucioie. al lantlc Qulf, Baldwin Locomotive, American Woolen, Corn Products, Studebaker, Read ing and Southern Pacific. General As phalt, a newcomer on the big board, was di.stinguisnea lor us gain oi ovi Snics of all stocks amounted to 875,000 shares. Rnnrijt wr Ktrnnr. the active demand sudreatinz lnouiries from investment sources. esDeclallv In old-time railway hnnH, Tntnl ial,a nnr Value. $21,550,000. Old United States bonds were unchanged or call. CLOSING STOCK QUOTATIONS. Am Beet Sug American Can Am Car & Fdy Am H & L Pfd Am Inter Corp American Loco Am Smt & Rig Sales. 509 5.200 1,100 1.300 2.500 2,5110 3,4(10 American Sug 2.400 WHEAT EIGHT TO TEX CENTS LOWER Local Market Lowes All of Gain of Pre ceding Day. The wheat market yesterday lost prac tically all of tha gain of tha preceding day. As a consequence of the drop most of the buyers withdrew from the market. At tha Merchants' Exchange thera were no bids on December hard white, but the January delivery was S cents lower at $1.66. Club offers were 9 9 10c lower and tber grades declined 80010c. ' Coarse grains were also weak. Whit cats were reduced $1.50, while gray oats were unchanged. There was no Inquiry for barley. s Chicago advices were of another wheat cargo being worked from the gulf, making 700.000 bushels In alL Terailnal receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat.Barley.Flour.Oats.Hay. Portland Wed.. 27 2 18 Year ago 5 .... Z 1 Season to date. 8101 165 415 282 Year ago 4834 128 -2030 841 Provisions. Local jobbing quotations: HAMS All sizes, 3538c: skinned. 35 39c; picnics, 25c; cottage roll, 33c. L.AKU Tierce basis, 25 c; shortening, 7c pound. DRY SALT Short, clear backs. 26S30c per pouna; plates,, c. BACON Fancy. 46 54c; standard. 32c per pound. OUs. LINSEED OIL Raw. barrels. $1.01: arums, l.us; cases, $I.is. Boiled, barrels, $1.03: drums, $1.10; cases, $1.18. TURPENTINE Tanks, $1.41; cases, $1.56. COAL OIL Tank wagons and Iron bar rels; 17Hc; cases, 30637c. FUEL OIL Bulk, $2.35 per barrel. GASOLINE Tank wagons and iron bar rels, 29c ; cases, 41 He. . Bides, Pelts. Etc. HIDES Salt hides, all weights, 6c per pound; green hides, all weights. 5c: salt bulls, all weights, 5c; green buKs, 4c; calf skins, green or salt, 8c; kip skins, green or salt, 7c; dry hides, 12c: dry salt hides, 9c; dry calf. 15c Above prices for country hides and skins. Prices for city skins and hides follow: Calf skins. 10c per pound; kip skins, 8c; city packer hides, green, 6c. PELTS Salt pelts, full wool, 25 40c each; dry long wool pelts, fine. 7c lb.; dry long wool pelts, medium, 6c lb.; dry long wool pelts, coarse, 4c lb. TALLOW No. 1, 5c: No. 2, 4c per lb. CASCARA BARK 1U20 peel. 8c per lb. WOOL AND MOHAIR Nominal. : HOPS 1920 crop, 25 31c per pound. SAN FRANCISCO PRODUCE MARKET Tacoma Tuesday Year ago 14 Season to. date. 3958 Year ago 3578 Seattle Tuesday 4 Year ago 17 Seat-on to date. 2917 Year ago 8410 44 58 165 164 483 TO 118 1 2 2 8 184 284 394 414 1008 888 6 B 605 638 2 4 982 746 PRODUCTION OF BUTTER. IS LARGER Loral Demand Take Care of Increased .- Slake. Production of butter In this territory Is - unusually large for this time of year, but the make is well, absorbed- and prices lo cally holding steady. Eggs were firm, with a continued out side shipping demand. Buying and sell ing prices were unchanged. There was a firmer tone In the poultry market. Heavy liv hens sold at . 266280 and light hens at 18920c. ' A limited quantity of dressed turkeys cam on tht market and sold at 60 cents. Countrj dressed meats were firmer. FEW STORAGE EGGS ARE LEFT - Combined Holdings at Portland and Seattle Are Only 1701 Cases. There was a further decrease in storage holdings of eggs at Portland and Seattle tn the past week and the combined stock In both markets is only 1701 cases. There were liberal batter withdrawals at Fort- Prices Current on Vegetables, Fresh Fruits, Etc., at Bar City. SAJT FRANCISCO. Dee. 15. Butter Extra grade, 50c; prime firsts. 49c. Eggs Fresh extras, TCc; extra firsts, 75c; extra pullets, 67V&c; undersized. 67c . Cheese Fiats, fancy, 27c; firsts. 24c Vegetables Eggplant, southern. 7 ft. tic: summer squash, 75c$$1.00; potatoes (street prices), rivers, $1. 606-1.75; Salinas, $3.50; sweets, 8H3Vto lb.; onions, Australian brown, 75685c; white, tl.50tfl.75; green onions. $10125 lug: beans, log 20c; lima, 1012Vc; bell peppers, bay, lug, 75690c; tomatoes. $2 6 2.75; .cucumbers. San Diego, $1.5062.25; celery, crate, $262.50; gar lic, 7610c; cauliflower, 90c$l dozen; cab bage, lc per pouna; peas, southern, small, 10 14c large lSBlSc: rhubarb, 12.25 2.75; sprout 5 Sc; lettuce, $1.5062.00; artichoaes, 70c1.25 dozen. Poultry Hens, 30 6 32c; strictly young roosters,. 30633c, old 21622c; fryers, 37 642c; broilers, 50665c; ducks, Pekin, 80 635c; squabs, 65 6 70c; Belgian hares, live, 24i827c; turkeys, dressed, 65657c; pigeons, $3 ft 3,75; geese, 82 633c. Fruit Navel oranges, $3.5065; lemons, $2.50 6 2.75; lemonettes, $1.50 62; grape fruit, new crop, $2.5063; Arizona, $3.50 4.50; limes, $1.6062.25 half orange box; tangerines, $2.6063.25; apples, Bellefleurs, $1.5062; pears. Winter Nellls. $3.056 4; bananas, 9611c; cranberries, Oregon, $6; dates. 19622c. Receipts Flour. 660 quarters; wheat, 770 centals; barley, 50.031 centals; oats. 1302 centals; beans, S716 sacks; potatoes, 9016 sacks; oniohs, 862 sacks; livestock. 958 head; lemons and oranges. 800 boxes. ' I Coffee Futures Lower. NEW YORK, Deo. 15. There was a fur ther decline in the market for coffee fu tures here today, owing, to the weakness of Rio exchange rates, reports that Bra zilian loan negotiations had broken off and unsettled ruling of Brazilian markets. 'March and July contracts both made new low records for the season, March selling at 6.68c and July at 7.89c, but there was scattering support at .this level, which caused moderate rallies in the later trad ing. The general market opened at a de cline of seven to ten points and closed at a net decline of three to 12 points, with March selling at 6.75o and July at 7.45c after the early break. Closing bids: De cember, 6.11c: January, 6.28c; March, 6.71c; May, 7.10c; July, 7.42c; September, 7.50c; October, 7.75c. - Spot coffee easy. Rio 7s, 66c; Santos 4s, 9 610c : Metal Market. NEW YORK, Dee. 15. Tin, firmer; spot and nearby, 34.60c: futures. 36.75c . Lead, steady; spot, 4.5065c Zinc, -easier; East St. Louis delivery, spot, 5.75 gee. '. Other metals unchanged. . i Dried Fruit at New York. . NEW YORK, Dec 15. Evaporated ap ples, nominal. Prunes, unsettled. Peaches, dull. - " . Cotton Market. NEW YORK, Dee. 15. Spot cotton, ! quiet; middling, 15.80c 6,000 800 1.800 4.100 3 8W 1,01)0 2,100 9.2I0 3.300 5.000 1.8O0 400 5.SO0 700 2.500 5.20 6,500 400 2.300 5.700 82 51 9 24 112 36 73 D6 27 6SV4 254 1SV4 27 65 81V 19 12 1194 13 73 84 V. 30 47 12 4S 18 16 99 13 13 11T4 12 80 30 Am Sub Tob 800 Am Tel & Tel 2.200 Amer Woolen 6.0i0 Am Z L & S 200 Anaconda Cop 7.500 Atchison 8.300 Atl Gf & W In 4.700 Baldwin Loco 16.400 Balti Ohio 9.200 Bethle Steel B But & Sup Cop Cal Petroleum Canadian Pact Cemtl Leather ! Chandler Mtrs Ches & Ohio Chi Mil & St P ChlC go & N W Chi R I & Pac Chino Copper.. Colo FI & Iron Corn Products Crucible Steel 1,000 Cuba Cane Sug 400 Erie .oo Generl Electric 1,200 Generl Motors 11,800 Grt North Pfd 6,300 Illinois Central Inspir Copper Int Me Ma Pfd Interna Nickel Intern Paper. . Kan Cty South Kenne Cooper r.miln & Nash Mex Petroleum 34.S0O Miami Copper Mid States Oil 5.200 Midvale Steel 3.S0 Missouri Pad 4.500 Montana Pow . 100 Nevada Copper 2,200 New York Cen S.iOO N Y N H & H 11.000 Vor & Western 4.000 Northern Pacif 7.100 Ok Prd & Rfg 2.K00 Pan-Am Petroll 3.500 Pennsylvania. . 8.40O Pitta & W Va 2.2O0 Ray Con Cop 4.400 Reading 22.4O0 Rep Ir & Steel 5.000 Royal D N Y 10,00 Shell Tr & Td 1.3O0 Sin Oil & Rfg . Southern Paci 20.400 Southern Rwy 9.;i00 S O N J Pfd 2.RD0 Studebak Corp I6.S1M) Texas company 13.700 Texas & Pad 2,3K Tobacco Prdtn . 700 TranscontI Oil 10.400 Union Pacific 8.600 TJ S Food Pdts 3.400 U S Ind Alchl 4.60O U S Rtl Stores 3.700 U S Rubber., a.?" tl S Steel 21,000 U S Steel Pfd 800 Utah Copper.. 2,O0 Western Union . 4O0 wp Electric 1.600 -CL'iiivM - Overid 5.400 U S Lib SS...90.10 A T & T CV 6s.. 03 do 1st 4s 86.0OIAtch gen 4s ... 74 do "d 4s .85.20 D R G con 4s 62$ 2? au. ..8612 N Y C deft- 6s.. 90 do 2d 4s....8.VSN P 8 do 3d 4WS....87.90N P Ss do 4th 4s...8590 Pac T & T 5s.. Victory 3s . . .M,irc ;tj- High. 50 25 123 43 3S 82 41 Ml 70 98 63 6 37 81 110 89 33 53 9 " 25 114 37 74 57 28 71 2 18 27 SSVi ,. 80 20 13 120 14 74 :S4 30 49 13 49 19 17 9 168 13 12 31 1.8 49 8 70 Vi 17 97 78 3 79 40 Low. 49 23 121 42 37 82 40 8 70 95 62 6 37 80 . 107 Last sale. 49 23 121 4 37 82 '4 40 86 70 . 97 62 6 80 107 87 82 9 J4 112 30 74 56 27 68 25 18 27 --. 82 19 123 1193 13 -73 84 30 4S 13 48 18 16 09 164 15 11 85 63 ,r6 39 24 97 21 103 42 44 18 . 51 7 117 20 60 54 65 80 106 50 83 41 6 17 49 8 69 16 90 77 3 7S 39 . 31 11 82 61' 56 39 24 97 20 102 40 42 17 50 7 115 18 65 53 63 79 106 50 83 41 5 17 49 8 9 17 97 77 3 78 40 31 11 82 61 56 39 24 97 20 103 40 43 1S 50 7 115 19 .". 53 63 79 106 50 83 41 5 do 4s U S 2s reg. . do coupon U S 4s reg. . do couDon Pan 3s reg. , do coupon .' ! .'93.00 S P cv 5s ..100 so Ky os ..100 IU P 4s ..104 1U S Steel 5s. .. . ..104 I . V.'.tBO I Bld; toffered, 74 53 '80 88 . 97 84 81 90 xiinlnv Stocks at Boston, BOSTON. Dec. 15. Closing quotations: Allouez ....... lBPr' Ariz Com "... 5 Old Dom ... Calu & Ariz... 42Osceoia ... Calu & Hecla..211 yuincy 6 ISuoerlor 28 ISup & Boston. 7!Shannon 2 17 1 44 Utah Con .. Winona .... Wolverine . . Granby Con 9 15 22 35 3 1 75 3 35 9 18 Holland, arolldara 8118 Hungary, kronen 0022 Italy, lire 0358 Jugo-Slavia, kronen 0072 Norway, kroner 1497 Portugal, escudos' 1190 Roumania, lei 0184 Serbia, dinars 0282 Spain, pesetas 1320 8weden, kroner. .1985 Switzerland, franca .: 1548 China Hongkong, local currency 6450 Shanghai, taels 7550 Japan, yen .5000 NEW YORK, Dec."l5. Exchange strong. Sterling, demand, $3.48; cables. $3.48: francs, demand, 5.90; cables, 5.92; Belgian francs, demand, 6.21; cables, 6.23; guilders, demand. 81.05; cables, 81.15; lire, un changed: marks, unchanged; Greece, de mand, 7.45. New York exchange on Montreal. 14 per cent discount. Swift Co. Stocks. Closing prices of Swift A Co. stocks at Chicago were reported by the Overbeck A Cooke company of Portland as follows: Swift Co 100 Swift International 26 Libby, McNeill A Libby 11 National Leather 8 WHEAT DECLINE SEVERE GO VERXJ1EXT SHOWS ' CROP LARGER THAX EXPECTED. Any Sltortage That Develops Will Be Month Later Than Was Figured. Centennial Cop Range . . East Butte Franklin Isle Royal le .. Lake Copper. . Mohawk Money, Silver, Etc NEW YORK, Dec 15. Prime mercan tile paper, unchanged. Time loans nrm, uncnans". -.n nnnev ,i,i,1v hiffh. T per cent; low, 6 per cent; ruling rate, ( per cm; bid, 6 per cent; offered al ' per ceni; ii loan, 6 per cent. . ,, Bar silver, aomesuc uutimuiw, ,e,. 66c Mexican oonars, oac LONDON, " Dec. 15. Bar silver, 42 4 per ounce. - , . . Money, unchanged. Discount rates, short and three-months" bills, 6 per cent. Foreign Bonds. uArai.n hond ouotatlons furnished by the Overbeck A cooxe company i up land: Russian 6s, 1921 Russian 6s, 1926 Russian 6s, 1919 Currency French as, Ji French 4s, 19tt French 5s, 1920 Italian 5s, 1918 British 5s, 1922 Britisn 03, i- British 6s, 1929 British vky., 4s British ref. 4s Belgium rest 5s Belgium prem. 6s German W. L. 5s.. Berlin 4s Hamburg 4s Hamburg 4s Leipsig 4s . Leipsig 5s Munich 4s Munich 5 Frankfort 4a - Japan 4s - Japan 1st 4s Japan 2d 4a. Paris 6s VV'"';ioi United Kingdom 5s, 1921.. United Kingdom 6s. V.i. United Kingdom 6s, 199.. United Kingdom 5s, 1937.. Bid. Asked. . 9 13 . 7 10 . 12 15 . 55 63 . 49 51 . 89 41 . 66 69 .,27 29 ... 850 .- . .. 345 846 '. .. . 265 : . .. 24 . 53 66 . 59 62 . 9 - 11 . 11 13 . 12 15 . 12 15 . 12 14 . 12 14 .13 .14 .13 16 . 18 15 . 56 56 . 74 75 . 74 , 5 . 93 93 . 97 97 . 94 95 . 88 - 89 .83 - 84 Foreign. Exchange. Foreign exchange rates at close of bust ness yesterday, furnished by Northwestera National bank of Portland. The amount Quoted is the equivalent in United States dollars: j Country. Foreign unit' Austria, kronen Belgium, francs Bulgaria. " Czecho-Slovakla. kronen Denmark, kroner England, pound sterling Finland, flnmark France, franca - Germany, marks Greece, drachmas Rate. .$ .0028 . .0628 . .0120 . .0116 . .1528 . 8.5100 . .0242 . .0597 . . .0139 ,0345 CHICAGO, Dec. 15. Sharp setbacks in the price of wheat resulted today from the government report showing that grain crops were larger than expected. The close was unsettled 8c 6 net lower, with De cember $1.05 and March 11.3814 to $1.5S. Corn lost 2c to 3c and oats c 10 --?c. provisions lost oc to 3oc. Increased production overshadowed every other factor in the wheat market. Word that 1,000,000 bushels had been taken for export by way of the Gulf of Mexico failed to assist the bulls. On the con trary. It was said rural offerings in the southwest had become more liberal. Many In the trade not only looked on the figures as bearish and wheat especially so. but further considered the big crop of potatoes Important as furnishing a bread substitute. Even the most radical bulls had to concede that any wheat shortage this season would be a month later than had seemed probable yesterday. May de livery, in which trading started this morn ing, proved -relatively weaker. December or March finished at 7c to 7c upder the initial price, $1.60. la corn and oats there was a notable lack of support, except from shorts. Old corn led the decline. Country selling of corn futures was rather free. Provisions went down with grain. The Chicago market letter received yes terday by Overbeck & Cooke comoanv of Portland said: , Wheat General Selling tnnk the opening of the market and found no buying power exceot at the extreme de cline. . At no time was there any evidence of support from export sources or other wise In sulficient volume to offset the liquidation and sellina aaainsl. nurchases of cash grain in the country, which ap peared to be larger than for several months. Trading was started in contracts for May delivery and that month went to a discount under March, which should make it an attractive purchase against sales of the latter in view of the proba bility that the export demand in this coun try will be of small consequence after the first of the year, when Argentina and Aus tralia begin supplying European needs. Broomhall's international wheat review. made public today, expresses the belief that Argentina will be a free seller at reduced prices. The government has told us that we have nearly 40,000,000 bushels more. wheat than we thought we had and we don't believe the Influence of this fact on the market has as yet been fully felL -ro ine iigures given on the 1920 crop late yesterday completely contradicted various private reports of disappointing uuBiung returns ana accentuated the bear- Ishness of the coarse grain situation. The tone of the market was extremely weak throughout the session and the May de livery sold within a fraction of the ex treme low on the crop. Countrv offerlntra 10 arrive were reported as liberal and al though the increased selling has not as yet shown up in receipts, the demand for spot onerings today was poor and prices o 10 cerru jower lor new and as mucc as 8 cents for old mixed. Oats Persistent selllnar was Insnlrert hv the weakness in other grains and the In crease 01 80,000,000 bushels in the fina government figures. Spot premiums ruled steady at the start, but eased later in the day with the demand slow. The .ex cessive supply of feed grains must assert itseu in tnis cereal as well as in corn. - Provisions Weak and lower under th pressure of liquidation induced bv the de. cline in grain, which offset the advance in nogs, cash trade, both domestic and foreign, reported very quiet. Lard stoeki increased 0,000.000 pounds and ribs 500.. uuu pounas. Leading futures ranged as follows WHEAT. ' Open. HlL'h. Ijiw. rinax 11.04 11.67 $1.63 $1.65 $1.60 1.63 1.57 1.58 CORN. . .70 .71 .68 .69 .71 .72 .70 .70 OATS. .49 .49 .47 . .47 .48 .48 .46, .47 MESS PORK. 11.15 22.15 22.10 22.10 LARD. 18.65 13.53 13.27 13.80 13.60 13.60 13.35 ' 13.87 SHORT RIBS. 11.50 11.50 11.30 11.35 11.95 11.97 11.70 11 7.1 Cash prices were: Wheat No. 2 red. $2: No. 2 hard. $1.73. 70c. - " ' Oats To 2 white, 4749c; No. S mine, II VIOC. Rye No. 2, $1.54. Barley 66 6 91c Timothy seed $5.5006.75. Clover seed $15620. Pork Nominal. Lard $13.30. Ribs $10.75612.50. - . HAGS ARE LOWER AGAIN PRICES ARE REDUCED QUAR TER AT XORTH PORTXAXD. Outlook Is for Further Declines. Sheep Steadier Than ' for . Some Time Past. The local hog market continued very weak. Prices were reduced a quarter in the forenoon to $11 for top quality. In the afternoon the trade was even less satisfac tory and choice drive-Ins found slow sale at $9.50$10. No further change was made in carlot prices, but the market had aa easy undertone at the close. Sheep were steadier than heretofore and the cattle market also held Its own. Receipts were 82 cattle, 550 hogs and 100 sheep. The day s sales were as follows 5 steers 1 cow 1 cow . .2 cows 1 cow 1 cow . 1 cow . 2 cows 4 cows 2 cows 10 cows 1 cow . 1 cow . 1 cow . 1 cow . 4 cows 1 calf . 1 calf . 2 calves 2 calves 1 calf . 2 calves 11 calves 1 calf . 1 calf . 90 hogs 69 hogs i nogs 14 hogs 1 hog . 2 hogs 5 hogs 1 hog . 1 hog . 82 hoirs 15 hogs 4 hogs 11 hogs 5 hogs 9 hogs , 6 hogs 1 hogs , 2 tiogs . 1 hog ., 3 hogs , 25 hogs , 21 hogs . hog .. 11 hogs 1 hog .. 4 hogs , 6 hoes 5 hogs Wt. Price . 785 $5.60! .1030 3.00 660 .1010 .1330 .1120 .1120 830 2.00 2.00 4.001 4.00! 4.001 667 3.001 840 948 6 hogs 1 nog 1 hog 1 hog S.50i 2 hogs . 890 .1350 . 870 . 710 1 hog 2 hogs 8 hogs 2 hogs 4.25121 hogs 8.501 6 hogs 2.501 3.50 2.75 1 hog 7 hogs 6 hogs 2.001 9 hogs 1 hos 8 hogs 492 3.001 240 8.751 130 11.00111 hogs 150 T.50I 1 hog . 145 13.001 1 hog . 150 10.001 8 hogs 120 13.001 1 hog . 156 13.00 8 hogs 120 13.00! 2 hogs 440 10.00113 hogs 187 11.00 177 ll.Ofli 114 hogs 1 nog .187 9.001 1 hog . 275 9.65130 hogs 660 385 334 400 570 198 10.651 226 10.631 8 ewes 236 8.65 180 10.05124 steers 2 hogs 7.65114 hogs . 8.051 3 hogs . 8.001 4 hogs . 7.00112 lambs 6 ewes Wt. Price . 285 $9.65 . 880 10.65 . 220 10.65 . 230 10.65 . 139 10.65 . 340 9.65 . 245 10.00 . 171 9.75 . 360 8.00 . 181 9.50 . 2113 9.00 . 290 8.00 . 270 9.50 . 170 10.00 . 70 8.00 . 610 7.00 . 173 9.75 . 201 10.00 . 880 7.50 . 430 7.50 . 153 9.60 . 220 9.60 . 450 7.00 . 285 9.50 . 206 10.00 . 258 9.00 , 220 9.50 . 240 9.50 . 235 9.00 . 260 9.50 . 181 10.00 . 196 10.00 . 285 9.00 4 steers 72 126 106 783 717 417 230 10.651 1 steer 178 10.651 4 steers ..1267 218 10.6.11 4 cows ... 805 190 10.631 1 cow .... 660 15 7.00 2 cows ...110 6.00 2.50 2.50 6.50 5.50 6.50 5.25 3.50 4.30 5.00 6.00 7.50 7.50 6.00 3.00 3.00 3.00 5.60 830 8.001 9 lambs .. 74 266 8.00127 lambs .. 87 180 10.65127 lambs .. 83 180 10 63110 lambs .. 63 130 9.00110 ewes ... 129 186 10.65121 ewes ... 121 120 9.00111 ewes ... 123, 195 10.651 6 yearl. .. 90 1H3 10.851 IRA in ri The following nri. onrr.nt 1 local yards: Cattle Clolcu grass steers Good to choice itMni Medium to choice Beers Fair to good steers Common to fair steers Choice cows and heifers...... flood to choice cows, heifers.. Medium to good cows, heifers. Fair to medium cows, heifers, common to fair cows,-heifers. Canners ............. Bulls '.'.'.'.Y. Choice dairy calves Ptlme light calves Heavy calves Besf feeders Hogs Prime mixed Smooth heavy ,. ,,, Rough heavy ........... Fat pigs Feeder pigs Sheep KaSt-Of-mountaln lamh Valley lambs Feeder lambs Cull lambs Light yearlfne-s Heavy vearlins-s Wethers Ewes Price. .$ 8.50-9 8 73 . 8.00i 8.50 . 7.5019 8.00 . 7.00 9 7.50 . 6.009 7 00 . 6.506 7.00 6.00W 8.59 5. 50 .0 5.00(9 fi 50 4.000 s.OO 2.50'9 3 50 5.006 6.00 9 13.0 7.006 8.00 6.75 6 7.23 1030011.00 10.00 (f 10.50 7.00 9.00 . 8.50IS10 00 8.00 'li 9.50 T.OOa 8 00 6.006 7.00 5.00 6 S.O0 0.00 6.00 .T OO 5.006 6.00 D.ongn o.os 1.006 4.00 Dec, Mar. May.. July.. May. July. Jan.. Jan.. May. Jan.. . . May Winnipeg Grain Market. v WI-JIPEG' Dec. 15. Wheat Decern- uci, fi.itu; aiay, 91.14. Oats December, 51c; May. 56 c. Barley December, 3c; May 81c Flax December, $2.08; . May, $2.15. f"w", x.oo; aiay, si. 57. Minneapolis Grain Market. MINNEAPOLIS, Dec. 15. Barley, 60 Flax, No. 1,' $2.062.07. Duluth Linseed Market. DULUTH, Dec. 15. Linseed en track and Grain at San Francisco. ban FRANCISCO. Dec 15. Olraln vvneai, sj.ooc(r2.: barley, spot feed. $1.50 1.55; oats, red feed. $1.651.75; corn, white Egyptian, $1.752.S5; red milo. $i 02.10. Hay Wheat, fancy, $2728; tame oats $2326: wild oats. $15017; barley, $150 19: alfalfa, $20124. . . , w Seattle Grain Market. SEATTLE, Dec 15. Wheat, hard, white, soft white and white club. $1.60; hard winter, red winter, northern spring, red Walla and eastern Walla, $1.0; Big Bend bluestem, $1.65. City delivery: .Feed, scratch feed, $64 ton; feed wheat, $65: all grain chop. 5; oata $i2: sprouting oats, $57: rolled oats. $54; whole corn, $53; cracked corn, $55: rolled feYa?y$5b:r.n.IP,P43,! barley' ,6: mllU Ha.v Alfalfa, $20 ton; double compressed alfalfa, $33; ditto timothy, 140; eastern Washington mixed, $87. Eastern Dairy Produce. . NEW YORK, Dec 15. Butter 'steady. Creamery extras. 54c; others unchanged Eggs unsettled. Fresh gathered extra firsts, 820S3e; firsts, 80S1c . Cheese irregular, unchanged. : '' CHICAGO, ' Dec. Butter unsettled. Creamery. 835Tc Eggs unchanged. Receipts 902 cases. Seattle Dairy Produce. SEATTLE, Dec. 13. Eggs Select local ranch, white shells, 65c: pullets, 55c; stor age, 55c. ... Butter City creamery In cubes, 62cj bricks tor prints, 68c; seconds in cubes, 46c; bricks. 47c; country creamery extras, cost to Jobbers in cubes, 60c; storage, 47c i" " - Naval Stores. ' . , BAVANNAH, Ga., Dee. 15. Turpentine quiet, 92 c; no sales: receipts! 185; ship ments, 156; stock, 15,273. Rosin quiet; no sales; receipts, 589; shipments, 640; stock, 78,272. Quote: B, D, E, F, G, H. I. K. M. N, WG. WW, $1L ' New York Sugar Market. NEW YORK, Dec. 15. Raw sugar, 4.63c for centrifugal.. Refined. .258.&Oo for tine (Taaulated, .. I Chicago Livestock Market. CHICAGO, Dec 13. Hogs Receipts, 30.000 head: lights active, others slow, mostly 10c higher than yesterday's aver age; big packers generally bidding lower than yesterday; top early, $9.23: bulk, $9$9.15; pigs, 1015c higher; bulk de sirable, 90 to 130 pound pigs, $9.10g9.23. Cattle Receipts, 9000 head; beef steers, active and steady. Early sales, $8012; some held higher; butcher stock uneven, steady to weak; canners weak to 23c lower; sales, $2.753.25: bologna, bulls strong, choice kind $6.23: calves, steady; best vealers, $10; stackers and feeders, steady to strong. Sheep Receipts, 15,000 head; best fat classes and feeders, steady; others, dull; early top fat lambs to shippers and city butchers. $12.40; early packing top, $11.85; wethers, $6.25; fat ewes, $5.50: few early sales feeder lambs, $10.50 f 10.73. Omaha Livestock Market. OMAHA, Dec 15. Hogs Receipts, 12, 000 bead; market mostly 15&25c lower; bulk, medium and light butchers. JS.4081 8.60; top, $8.63; bulk, strong weight and packing grades, $88.25. Cattle Receipts. 7400 head; beef steers and butcher cattle, slow to 25c lower; bulk beef steers, $7.509; bulk cows and heifers, $4.605.50; veals, 50c lower; stockers and feeders, weak. Sheep Receipts, 11,000 head; lambs fuliy 50c lower; bulk lambs, $10.25011; top. $11.25; sheep, 25050c lower; best ewes, $5; yearlings, steady; top yearlings, $8.75; feeders, strong. Seattle Livestock Market. SEATTLE, Dec 15. Hogs Receipts, none; weak: prime, $11.23011.75; medium to choice, $10.2Sfr 11.231 smooth heavies. $!).2C09.75: rough heavies, $7.2507.75; pigs. $9010.50. Cattle Receipts, ' none: weak: prime steers, $8.50 0 9: medium to choice, $708; common to good, $506.50: best cows and heifers, $6.2306.75; medium to choice, $506; common to good, $3.50 0 5: bulls. $405.50; calves, $6013. .' Kansas City Livestock Market. KANSAS CITY. Mo.. Dec. 15.-CattIe Receipts, 6300 head; slow, very uneven; most sales medium priced killing cattle arnuna ste&ay; many bids lower; bulk fat steers, 8 50?8: best around $12; bulk fat cews, $4.7505rT5; canners and cutters, $30 4.25; veais ana calves, steady to 50c lower: strictly choice, $10; stockers and feeders. steady to strong. Sheep Receipts, 5500 head; fat ewes. mostly 25 040c lower; lambs, 15 0 23c lower; fat ewes, $4; wethers, $6.50; yearlings, $0.50; lambs, $7,50, LIVESTOCK FIRMS . CONSOLIDATED New Company Will Engage In Strictly Commission Business. W. H. Daughtry, formerly president of th-5 Union Stock Yards company: "Buck" Wlllard, of the Wlllard Commission com pany; F. B. and Fenn S. Walte, of the Oregon Livestock Commission company and Max Schulz, formerly with the Benson Commission company, are uniting under the corporate name of the Oregon-Wlllard Commission company. They will engage In a strictly commis sion business, with no stock to offer on the market in competition with the cus tomers of the company. TI 1. ,t l-al nf fa m o Wash. MBRGY-DOWNBY Fern Mergy, 80, of Portland, and Dora B. Downey, 01 Portland. , CRUM-MILLER Leuls Crum, legal, of Portland, and Lottie E. Miller, legal, of Portland. . COLGAN-LARAM A Michael Col gad, 88, of Vancouver, and Barbara E. Larama, legal, of Port Townsend. Wash. JORGENSEN-MAL1N H. R. Jorgensen, legal, of Olympla, Wash., and Mrs. Anna C. Malln, legal, of Portland. JONES-SMITH Rodney M. Jones, 25, of Kalama, Wash., and Sybrla E. Smith, 17. of Goble, Or. TAYLOR-TONEY Ezra Taylor. 27, o! Portland, and Opal Toney, 26. of Baker, LINDEN-OLSON Andrew Linden, 88, of Portland, antf Hllma N. Olson, legal, of P FREDERICKSON -BEHRESS Andrew Frederickson, 38, of Portland, and Mary C. Behrens. legal, of Portland. O'NEAL-FERGUSON H. O'Neal, JO, of Portland, and Mrs. Alice Ferguson, 86, of STEVENS-FERRIS David H. Stevens, 36 of Portland, and Mrs. Mary M. Ferris, 23 of Corvalils. Or. , , . WRISTE.V-CHAXDLER C. C. Wrlsten, 26. of Arlington. Or., and Ulenna M. Chan dler. 27, of Arlington. Or. DELANEY-WICKE Edward "?'' 37. of Portland, and Marguerite M- Wlcke, 40. of Portland. . . BENTON-HOYT Fred J. -Benton, legs , of Gladstone, Or., and Josle Hoyt. legal, of Gladstone, Or. , rt LA WSEN-HOLM AN Alfred G. T-awsen, .18. of Portland, and Anna 8. Ho'man, legal, of Portland. ' MAEFFEI-NARDI Sam Maeffel. 87, of Eagle Creek, Or., and Ermlnle Nardl, za, o: Taponecco. Italy. (Just arrived.) IOUNGER-RAMSDELL William Young er, 40, of Portland, and Mrs. Viola Rams delh 35. of Oakland. Cal. . SISK-STANNARD John H. Slsk, 9, of Portland, and Margaret D. 8tannard, 20, of Corvalils, Or. . ,w CONRATH-DENSiAN Otto W. ConratH. 39 of Port Townsend,' Wash., and Mrs. Margaret Denman, 29. of Port Townsend Wash. ' CITY'S LIABILITY DENIED Seattle Cannot Levy Taxes to Re tire Big Bond Issue. SEATTLE, Wash., Dec 15. (Spe cial.) The city of Seattle cannot legally.levy taxes to retire the $15, 000,000 bond issue principal or in terest, floated to pay for the traction system purchased - from th. Puget Sound Light & Power company. This is the substance of n opinion renriored hv the eltv law department Tuesday at the request of Councilman Carroll, who says he asked lor tne ruling in order to .settle without further delay the question whether taxation can be invoked as a means for paying off the indebtedness on th car lines, as has been suggested. Rv the terms of the ordinance authorizing the purchase of the street railway system and tne Donas is sued in Davment therefor, tne doiw holders are requested to 100K 10 a special fund derived from the earn ings of the street railway system ior the navment Of their bonds," the nnlnlnn fltntp-S. "In our judgment tne city council cannot legally make these special fund utility street railway oonas, which are payable from the earnings of the system, a charge upon tne city to be paid by taxation." Masons Elect Lodge Officers. FOREST GROVE, Or., Dec. 16. fSnRcial.) The members of Forest Grove chapter. No. 37, Royal Arch Masons, - have elected the following officers for 1921: High priest, car nett Y. Roe: king. W. J. Gregg: scrtoe, W. G. Harrington", captain of the host, M. H. Stevenson; treasurer, L M. Graham; secretary, V. I. r uqua. DAILY METEOROLOGICAL REPORT, PORTLAND, Dec. 15. Maximum temper ature, 43 degrees; minimum, 38 degrees. River reading, 8 A. M., 9 feet; change in last 24 hours, 08 foot fall. Total rainfall 5 P. M. to 6 P. M ). none: total rainfall unrA ontember 1. 1920. 17.88 Inches: nor mal rainfall since September 1. 15.52 Inches: excess of rainfall since September 1, 1920, l.R Inches. Sunrise. t:47 a. m. itnapt ArlR p M Total sunshine Decern ber 15. 44 minutes; possible sunshine. 8 hour 39 minutes. Moonrlse Thursday. 11:12 A. M. : moonset. Thursday. 10:53 P. M. Barometer (reduced to sea level) t R P. M 30 13 Inches. Relative humid ity at5 A. M., 48 per cent; at noon, 48 per cent; at 3 f. M v per cent. ' THE WEATHER. 7y2 1 1 7V2' 547,000 5 Gold Bonds. Province of Alberta Exempt From AU Dominion Government Taxation 7i2 Yielding 712 Dated May 1, 1915. Due May 1, 1925 Trice 90.75. Denomination $1000 This issue of bonds is a direct tax obligation of the entire Province of Alberta and is payable from its general revenue. Alberta Is one of Canada's most promising provinces, and has every rn for unlimited development. Out of a total area of mi.HT2.wiO acres there are at present but 7,000,000 acres under cultivation. Tins cumparlMin ehoa the possibilities for growth ahead of the Province of Albstta. Mstnly devoted to agriculture. Its annual production In this line totals) 1200,000,954. Other commodities; are produced In the following amounts: Game and furs, 17l,0ix; coal and coke, 116.254.820; manufacturers. 340.000,000, I I5O00. Coupon Oold Itonds. GOVERNMENT OF NEWFOUNDLAND Price 94.30 To Yield 7Vitf Exempt from all Newfoundland Taxation. Dated June 1, 1018. Due Juno SO, 1038. Denomination, I100A. Principal and semi-annual Interest of the atiove bonds payable In United (States gold coin In New York crty and at lbs offices of Morris Brothers, loo. Telephone or Telegraph Orders at Our Expense MORRIS BROTHERS, Inc. Established Over a Quarter Century STATIONS. Wlsd Weathtt DAILY -CITY STATISTICS Marriage Licenses. GRANO-ATTANASSIO Peter Grano, le- gal, 605 Second street, and Cilia Attan assio, 21, 207 Caruthers street. KOTEK-LEHMAJJ John Kotek. 28. Fort Stevens, Or., and Etta Lehman, 22, Hillsdale, Or. BOULB-HICKMAN Roy C. Soule. 84. Goodin, Or., and Adelaide Hickman, 80, 720 Overlook boulevard. MARTIN-GAY Edward Martin. 21, Spo. Kane, Wash., and Mabel Gay, 18, Portland. REOER-NORBLAD David N. Reger. le gal, 87 Shaver street, and Clara W. Nor- bald, legal, 07 Bnaver street. KLEIN-RAMSER Helmuth F.. Klein. 24. Bremerton, Wash., and Rose J. Ramser. 26, Gresham, Or. v RUKES-MUKrH x iawrenee' w. KUKes, legal, 704 Lovejoy street, and Catherine M. Murphy, legal, . 38 East Forty-first street. , HERZiNUEK-tJLAjjin. josepn . er zlnger, 26, Buhl, Idaho, and Bertha Cla- dlk, 26, 53 Bast Seventy-ninth street. WALLAC-HOLM Lawrence Wallace, 22, 185 East Ninth street, and Olga D. Holm, 19,' loos cast stepnens street. Vancouver Marriage Licenses. THOMER-NEITZ John -Thomer, 28, of Portland, and Ruth E. Neita, 25, of Morro, Or. McBRIDE-BOLiTum iemuei ucurtae, legal, of Portland, and Mrs. Catherine Bolton, legal, of Portland. CLARK-THORMANN Aaoipn c. uiarK, legal, . of Portland, and Mrs. Ludle Thor mann, legal, of Portland. LINQUIST-CONGDON Herman A. Lln quist, 24, of Cathlamet, Wash., and Mary E. Congdon, 81. of Cathlamet, Wash. . LE88ARD-ROLAND Wilfred -P. Les- eard, lef al, fit Camas, Wab.., and Beulah Baker , Boise .. Boston Calgary Chicago Denver Dee Moines. Eureka Galveston Helena .Tiineaut Kansas Cltyf Los Angeles Marshfleld Medford . . Minneapolis New Orleans! New York North Head Phoenix Pocatello Portland . . Roseburg . Sacramento St. Louis.., Salt Lake . San Diego. S. Francisco1 Seattle . Kltkat . Spokane Tacoma Tatoosh Isd. Walla Walla Washington Winnipeg Yakima ... 141 20I0.OOI..ISE Pt. cloudy IS 30O.0O..!SE Cloudy 2l 62.O.0ol..iSW Clear 14 42;o.00 22!NW Pt cleudy 80 32O.01l30:V Snow v 24 46 0.001. .18 ttjlear 28 40 0.16;12!NWClear 40 680. 0010;8 ICloudy . .. 68,0.00:14lNWPt. cloudy 12 82 O.OO1IO1SW Pt, cloudy 22 360.16!..!NE Iciear 841 44:o.ooi24iW (Clear 74:0.001. .INE !Pt. cloudy 52 O.00 . . N w'Cloudy 38 0.0O..NWCloudy eo'o.'ooj. .iNWICl'ear 44 0.02,20 SW 4810.01118 E 4S1 so 28 2: 41 88 42 34 12 3D 28 40 3 12 52 48 8SI 440.001. .IN 2413610.. 0j. .IRE 34 "22 40 12 18f 720.0012 26JO.O0 .. 43:0.00 . . 88 0.00 .. 46:0.00).. 42IO.OOI18 800. 0O. . 72!0.0O .. 54 0.00 34 0.00 . . N 4o:-o. 061. .In 46 o.is so:e 'SE ICloudy I Rain Snow Cloudy Rain Cloudy 30 0.001. JBE (Cloudy 48O.0O 12'NWj 20 0.00 12 W 82!O.OOl. ,NW! 7y2 I "The Premier Municipal Pond House" PORTLAND, OR. MORRIS BLDG. 309-11 STARK BROADWAY 2151 Other Offices at Seattle, Tacoma. Wash. and ban ranclsco. Cal. SAFE DEPOSIT BOXES Capital I One I MMIInsi I Dollars I j V2 PROFITS HELD UNLAWFUL Xebra-ska OMcial Accuses Burling ton System oi Illegal Practice, WASHINGTON. Dec. 15. Further opposition to the proposal of the Chicago, Burlington & Qulncy rail road that It distribute $140,000,000 of Its surplus In dividends and cash was voiced before the Interstate com merce commission today by spokes men for the states ot Illinois and Ne braska. Hugh La Masters, assistant attorney-general of Nebraska, said his state was not willing to concede that such a vast profit had been acquired by lawful means. In that the rates of the road were excessive when the profits were made. He added that the fund could be better used In buying new equipment, or perhaps in establishing lower rates which the west needed. Sliecpmen Ask Tariff. WALLA WALLA, Wash., Dee. 15. (Special.) The Wenha Wool Grow ers' association, at a special meeting here today fixed the wages of sheep herders at $75 a month. Also on mo tion of Tom Drumheller, president of the State Wool Growers' association and a democratlo leader, the associa tion passed a resolution asking con gress to place an immediate embargo on foreign wool and to pas protec tive tariff legislation. The growers will ask their bankers for help and will themselves telegraph asking that such legislation be passed. " I Eating an egg with a spoon would be a sacrilege to a Spaniard. He boils his egg juBt one minute, then breaks the contents Into a glass and drinks It ss If It were wlnv Province of Alberta SafetyFirsl 4Y2 Gold Bonds Due February, 1924 An Opportunity of a Life Time for the Bond Investor With lowrr money rates In fight, owins; to the hrary liqui dation in cortunoilitv markets, the trend of bond prices Is to ward the higher pre-war lev els, and for that reason In vestor! should not ddav tbeir bond purchases, esprriaDy an present quotations In many In stances offer an opportunity of a lifetime to aeru re a return of to 10 Thli U particularly true of high grade railroad bonds, which are in a position now where they not only afford an exceptional Income return, but, if held for a reasonable pull, J owns unusual possibilities or market profits a well. Many Investment bargains among railroad bondi are listed In a circular on tle bond situation which we will lend to anyone r upon re- E. M. Fuller & Co. OeasslMassd I'm s,sskacs f R. t. 50 Broad St, Nw York. Ne Y k Newt OssskaJ ' IW BosMS (MrMl rrlrmf frs To Yield 734 Full details on request Bonds make Ideal Xmas gift. Pt. cloudy rSlear pt. ciouaj tA. M. today. F. M. report of preceding day. FORECASTS. Portland and vicinity Bain: easterly winds. Oregon and Washlnirton Rain In west portion, -probably rain or snow In east por tion: strong easterly winds. CAMP CO. SMOUNO PLOOM LUMSSSMSN BUILBIH Fifth add Sraaa B-wsv BV40 DOUBTLESS your property Is pro tected by fire in surance, but is it ade quate? Ferhaps you do not ' know whether it is or not. x The best time to de termine such a point Is before not after a fire. We do not write In surance but serve as advisers to our clients. Strong MacHaitfhtcn THIS BOND IS OF SUCH HIGH CHARACTER THAT IT IS A LEGAL INVESTMENT FOR OREGON SAVINGS BANKS Price 100 To Yield WHEELER TIMBER COMPANY 5-Year 7i2 Gold Notes Den. $100, $500, $1000. This $400,000 issue is secured by California lands and timber worth over $2,000,000. More than $1,000,000 worth of REDWOOD is in cluded. In addition, the loan is secured by stockholders in the company. Call, phone or write for circular. LUMDERMENS TRUST C0L1FAHY Broadway and Oak LIBERTY BONDS REDEEMED AT PAR! Politt will redeem Liberty Hond of all Issues at par '.a exrhsnite for a suit or overcoat, returning the difference In cash to you. FOR KXAMPI.E A suit or overcoat selllns; at forty dollars selves you a balance of ten dollars In cash on a flfty-dollr bond, or a hundred-dollar hond will give you a balance of ten dol lars in caHh and a fifty-dollar bond of the same Issue,. Politz Clothes Shop Ceraer WMhinatoa aad Milk. Herrin & Rhodes, Inc. KstablUhed !XP. Railway Ivarhaaae Uldsj. Kast Private rmle Wire COAfT TO toAST. Stocks. Bonds, Oraln, Cotton, Miscellaneous r-ccurltles and Liberty Bonds, bounht and sold for cash or conservative margin. Members Cfelrare) Roai ef Trade. Crreseadeals li. I', llutloa to. MF.MRK.lt Hew Terk Mork Kxrbaaae. V,ff Verk Wilts t-larkaaatk sew Orleaas l ottosi tirktsi. Ill flees Seattle. Porilsad. Taeesaa, Mala 3 i .-. 1 ' .. 3?-.