V
19
THE MORNIXG OBEGONIAJ57- TUESDAY. DECEMBER 28, 1920
!
J .
-
$
i
: .
-f
DESIRABLE GRADES
ltd
OF APPLES F
Spitzenbergs Are First
Show Advance. '
to
PREMIUM ON LARGE SIZES
Other Varieties Range From Weak
to Steadj Million Boxes Less
in Storage Than. Tear Ago. .
As apple stocks are reduced, the better
trades, as well as the larse sizes, are
firming up in price. Spitzenbergs, which
In some quarters are becoming scarce, are
the first to show an advance, which aver
ages a quarter In the local trade. Jobbers
are asking 303.50 for extra fancy, 2.75
3 23 for fancy and 2.252.50 for choice.
Ob other varieties prices have not been
changed. Common sorts and small sizes
of nearly all varieties continue weak.
The northwestern f. o. b. markets are
quiet and unchanged. Boxed apples also
ruled steady In the eastern markets, but
barreled apples were slightly lower. Bald
win apples declined IS to 23 cents per
barrel at western New Tork shipping sta
tions. Prices held around 14 t. o. b. most
of the week, but a few sales as low as
$3.75 were reported at the close. Orchard
run stock was steady, moving slowly at
11.50. New Tork Baldwins weakened 50
cents In New Tork, reaching ti to $4.50.
Pittsburg lost an additional 50 cents per
barrel, closing $3.50 to $4. and Philadel
phia closed slightly lower at 14 to $4. SO.
Southeastern Tork Imperials were fairly
steady in consuming markets at $3.50 to j
$4.50. Middle western Jonathans continued
steady In Kansas City at $8.50 to $9.50
per barrel.
Cold storage holdings of boxed apples
on December 1 were (I.S22..108 boxes, as
compared with 7.702.S32 boxes a year be
fore and 4.045,472 boxes two years ago.
Barreled stocks on December 1 were 4.540.
SOIS barrels as acainst 3.325.5R3 barrels a
year ago and 3.2!7.S20 barrels two years
ago.
The carlot movement of apples Is stead
ily declining. Shipments of boxed apples
last week were 739 cars, compared with
978 cars in the preceding week and 239
ears In the corresponding week last year.
Barreled shipments last week were 1159
cars, against 1300 the preceding week and
45S cars a year ago.
fall made, 862e; state whole milk flats,
fresh specials, 24 C 23c.
CHICAGO, Dec. 27. Butter firm. Cream
try extras, 54c; standards, 45c
Eggs higher. Receipts 2259 cases. Firsts,
6814 it (SUci ordinary firsts, 6u & 84c ; at
mark, cases included, 59965c; refrigerator
firsts, 5657c; refrigerator extras, 66 Vi
eS75ic. j
- Bank Clearings.
Bank clearings of the Northwestern
cities yesterday were as follows:
Clearings. Balances.
Portland JS.1H3.62S $1,714,844
Seattle 0.571.510
Tacoma n.V.I.5'3 93.2.1
Spokane 2.C27.231 L13!).bj0
PORTLAND MARKET CfOTATIONS.
Grain, Floor. Feed. Etc
Merchant's Exchange, noon session:
Wheat . .. w 1. 1 .
Dec. bid Jan. bid1 Feb. bid
Hard white $1.60 $160 $1.00
Soft white l.5 155 l.So
White cliib 1.55 l.jS 1-53
Hard winter 1.30 150 1.60
Nor. spring ISO", loft 1.30
Red walla 1T ISO 1.30
Oats
No. 2 white feed ...WOO
FLOUR Famili- patents,
J8.75: valley, $725; whole
graham, $8. .....
M1LLFEED Prices f. . b. mill Mffl
run. :t5. per ton; rolled barley. 4.4r;
rolled oats. $49; scratch feed. $03 per ton.
CORN Whole, $47; cracked, $50 per
'"hAT Boring prices, f. o. b. Portland:
Alfalfa. $209 21 per ton: cheat, iv-s.
clover. $20; valley timothy. yiilt-a; east
ern Oregon timothy, t.10.
Dairy and Country Produce.
BUTTER Cuhes, extras. 47Sc per lb.;
prints, parchment wrapped, in box lots,
3:jc par pound; cartons, 54c; haft more:
butterfat, buving price. 46f.18c per pound
at stations: S'c Portland delivery.
ECXJS Buying prices, case count,
504r33c. Jobbing price to retailers
candled ranch. .ViifdOo; selects. 602c.
CHEESE Hi'.iamook, triplets, price to
Jobbers, f. o. b. Tillamook. 3oc.
POULTRY Hens, 2830c; springs. 249
57c: ducks. 2.43jc: geese, site. iurr,.,
live. 40c; turkey, dressed,
PORK Taney,
VEAL fancy.
RAILS RESIST PRESSURE
35.30 33.30
$9.80; bakers
wneat. o..u;
SHORTS
- "WITH SPECIALTIES,
German W. L.
Berlin 4s ......
Hamburg 4s
Hamburg 4fts .
Lipsig 4V6s ....
Leipsig 3s
Munich 4s ....
nwiRin " Krrrp.ccrri, I Munich 5s .
Frankfort 4s
t Japan 4a
I Japan first 49..
I Janan second 4s
.pans us as
United Kingdom 4Vs, 1921. . 97S
United Kingdom 5 Vis, 1922... 94 V
United Kingdom 5 Vis, 1929... 88 Vi
United Kingdom 5Vis. 1937... KlVi
Losses Reduced in .Final Hour;
Liberties and Other Bonds Also
KecoTer Before Close.
533 57
IXe ner nound.
1 7c per pound.
Fruits and Vegetable.
FRUIT Oranges, navels, $45;
airese, S3.3A per Duna:e;
BCTTER MARKET IS FIRMER IN" EAST
British Expected to Take Danish Supply
After New Year's.
, The eastern butter market improved-during
the past week. The best grades were
short and advanced first, followed by un
dergrade and centralized cars. Storage
butter has shown only a little, improve
ment with Inquiry and better prices only
for the best makes. There was some ex
port inquiry and It is expected that the
British will take the entire Danish butter
after New Tear's, so sentiment Is generally
more cheerful. Prices show an advance
of 1011V cents on practically all scores.
Stocks in storage at New Tork, Boston,
Chicago and Philadelphia were reduced
2.105.0OO pounds. The supply of fresh
fancy butter Is light, but at Chicago and
New York the market rules steady. Re
cent advances were thought by some to
be unwarranted, but everyone thinks it
policy to keep goods moving.
The San Francisco market for the week
was in a fairly satisfactory condition.
Trading for the holiday demand was ac
tive and prices showed small fluctuations.
Demand was confined largely to tine but
ter and some storage goods moved at 45
45 V4 cents. The tone of the market was
steady to firm up until Thursday, at which
time some weakness was noticeable and
Friday it was mora decided. Buying to
ward the end of the week was mostly for
Immediate needs and dealers were anxious
to keep floors well cleaned up, anticipating
a slow market this week. Some concern
is felt over the arrival of the last ship
ment of New Zealand butter, due today.
It is reported that about 670.000 pounds
will arrive, which will probably go to the
eastern markets as California has abundant
local supplies.
Call-Cali-
Jap-
lemons. $3. i-oW
14 75 box:' grapefruit, $4 5098 per box: ba
nanas. 12Vj'il3Vic per pounl; Brapes
t... .nhipM Aiist. to Der box.
eastern, $196 20 per barrel; apples, $193.30
nniinri- Istfupe. IJ3.:9 per crate: cucum
bers $1.73'&2 per dozen; carrots, ll.Of
175" per sack; garlic. 2-c; tomatoes. 4
4 50 per lug: beets, $1.5 sack: egg-p.nnt.
2iw Dound: cauliflower, 293- Vtr crate
celery, $55.oO per crate: green peppers,
15c per pound; sprouts, l'Vic per pound;
siuah, 2V4c per pound; pumpkin. -Vic
POTATOES Oregon, $L501.75 per 103
pounds; Yakima. 2.2S; sweet potatoes,
Uc per pouna, w.ov per ninc.
ONIONS Oregon. $1.50 per sack;
fornia brown. $1.752 per aack;
fornia yellow, 11.73 per sack.
Staple Groceries. '
Local Jobbing quotations:
SUGAR Sack basis: Cane granulated,
9c per pound; beet,- 80c per pound
NUTS Walnuts 222Sc: Brazil nuts,
3."ic; fiberts. 21 25c; almonds, 26f?30e;
peanuts. 914c per pound; encnanut.-.
per dozen; pecan. 32y5c; chestnuts, 2o
e:t."c pound. .
RICE B;ue Rose, 9V4c per pound: Ja
pan style, 7Vjc per pound.
BEANS Small white. 6c: large h't.
6c: pink, 7VJc: lima. 10c; bayous. 12V4e;
red. 7V-c per pound.
COFFEE Roasted, bulk, drums. 3141c
per pound; sacked. 22927c per pound.
SALT Granulated, bales, 3.oOi 4.25;
half ground, ton. 50s, $19.7; lows. $1825;
lump rock, $20 .0.
Provisions.
sizes. 26932c; skinned, 27
18c; choice, 329
compound
NEW TORK, Dec IT. Interest in the
stock market today was at very low ebb,
apart from the aggression of professional
shorts, who met with few obstacles in their
efforts to depress quoted values among
speculative Issues once favored by bull
pools.
The week between Christmas and the
end of the year is proverbially one of sus
pended animation and the many financial
readjustments stilt under way are calcu
lated to reduce public, support or buying to
the most slender dimensions.
Developments and general advices over
the double holiday were of the usual re
cent unfavorable tenor. Including the
shutting down of additional steel plants,
more dividend ' suspensions and a further
decline of railway tonnage, especially to
eastern points.
Western and southwestern centers re
ported a little more hopefulness in busi
ness circles, although buying of merchan
dise continued in small volume and the
curtailment in industrial operations ren
dered the immediate future increasingly
uncertain.
Heaviness, which occasionally verged
upon actual weakness, centered in the
shippings, independent steels, equipments,
oils and motor subsidiaries, as well as cop
pers, textiles and the unclassified special
ties, recessions ranging from two to six
points. The strength of rails rallied the
general list partly in- the final hour, but
many losses remained at their close.
Salca amounted to 700,000 shares.
There waa only nominal Inquiry for call
money at T per cent ayid exchange was at
a standstill, despite the demand for cables
on London, presumably on belated buying
to meet year-end maturities.
Bonds followed the course set by the
stock market, most active issues, including
liberties, reacting at the outset, but making
variauie recoveries later. Total sales, par
value, $20,175,000. Old United States
bonds were unchanged on call.
10
12
12
12
12
12"tt
12 Vi
14 V4
13 Vi
65 V,
74 Vi
74 Vi
12
13
14
13V4
14
15 Vi
14Vi
17
15
56
75 Vi
75
62 Vi
98
4
87
83 Vi
Swift Co. Stoeka.
Closing prices for Swift & Co. stock at
Chicago were reported by the Overbeck &
Cooke Co. of Portland, as follows:
Swift Co lonVi
Swift International 23
Llbby, McNeil & Ltbby 11
National Leather 1
EXPORT DEMAND CEASES
FOREIGNERS XOT INTERESTED
. DESPITE FREIGHT CUT.
Wheat Closes HeaTy and Lower at
Chicago iBears Assert World
Supplies Are Ample.
CLOSING STOCK QUOTATIONS.
Am Beet Sug
American Can
Am Car & Fdy
Am HAL Pfd
Am Inter Corp
American Loco
Sales.
30U
2,oi K)
1..HI0
SOU
2,700
Last
Am Smt & Klg 16,800
4110
500
C.200
7,000
31)0
7,9(10
3.300
3.6O0
1.300
1,000
1,000
2,100
2..100
2.800
4,3K)
4.800
2,500
3.100
600
4.800
22c;
and iron
NO
CHANGE IX WHEAT
BIDS
Holiday Dullness Prevails in AU Grain
Markets. ,
The wheat market was quiet and the
bids at the Merchants' Exchange were the
same as those posted on Thursday, the
last trading day. Nothing in the way of
business was reported from the country.
Coarse grains were also Inactive with a
tO-cent advance in January-February
white oats the only change In bids.
According to advice from Chicago,
where option prices fell about 2 cents, the
day's export bids were 397 cents out of
line.
Final official figures from Argentina
put the wheat acreage at 14,800,000 acres.
Latest German official reports make no
change in the acreage in rye and wheat.
Supplies of fertilizer are plentiful. Italy,
floods have damaged the new seedlngs .In
the south. In France the recent unfavor
able conditions affected only a limited
area. Stocks of foreign wheat are large.
Terminal receipts. In cars, were reported
by the Merchants' Exchange as follows:
Wheat Bar. Fir. Oats Hay
KAMfs All
33c; picnics, 24c.
BACfrN Ka.-.cy. 419
34c; standard, 231c.
LARD Pure, tierces.
DRY SALT Backs. 21924c; plates. 20c.
Oils.
r.T-sEr.n fill. Raw. barrels. $1.01
drums. 11.08: cares, $1.1. Boiled, barrels,
nta- rirum. Jl. lO: cases. It. 18.
wiBPESTLVE Tanks. $1.41; cases,
$1..1.
COAL orL--Tank wagons
barrel. 17'tc; cases, S"9Jic.
s-i-ii'T. rir Tliilk .35 per barrel.
GASOLINE Tank wagons and Iron
barrels. 2c; cases. 41 Vic.
Hides, Pelts, Etc
HIDES Salt hides, all weights, 9c per
pound; green Hides, all weights. 5e; sa t
h.,M. oil wolirhts. 5c: green bulls. 4c; calf
.. ...n nr cnlt. Kc: kio sklne. green
or salt 7c; dry hides.' 12c; dry salt hides,
9c- dry ca'.f. Ijc. Above prices for coun
try hides and skins. Prices for city skins
and hides follow; Ca;f skins, 10c per
nnund: kin skins. 8c; city packer hides.
R
PELTS Salt pelts, full wool. 2S40c
each; dry long wool pelts, fine. 7e lb.; dry
long wool pelts, medium, 0c !.; dry long
wool pelts, coarse, it..
TALI.OW No. 1. Be: No. 2, 4c per
CASCARA BARK 1920 peel, 8c per
n-rw-,r. avt t"VTTAIR Nominal.
HOPS 1120 crop, choice, 2oc per pound.
Portland, Monday. 8S
Tear ago 24
season to date...8K01
Tear ago 5019
Tacoma, Friday.. 3
Year ago 16
Season to date...3f16
Tear ago 3724
Pattle, Friday
Tear ago 1
Season ta date...2O02
Year ago 3561
9
34
171 440
130 2180
2
S 19
1 8
292 1178
351 941
45
61
16
174
628
3
ins
417
1
74
123
533
647
258 1010
436 770
BECEIPTS OF EGGS INCREASING
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetable, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO, Dec. 27. Butter Ex
tras. 50 Vic; firsts, nominal.
Eggs Fresh extras, 75c; extra firsts.
74V-c; extra pullets, 72c; undersized, 68c.
Cheese Flats, fancy. 28Vic; firsts, 2ic.
Vegetables Eggplant, southern. 79 10c
pound; potatoes, street prices, rivers, $1.65
ei.85; Salinas, $3.25; sweets, $4.25 4.50;
onions. Australian brown. 00cr$1.23; white,
$1. 50wl.75: green. $1.25ei.50; beans, 15
S20c; bell peppers, southern, 04jl24c;
tomatoes. $1S1.25; cucumbers, San Diego,
$1. 75(32.50; celery, crate, $1.303; garlic,
7B10c: cauliflower. 90cffl$l; cabbage, lc
pound; turnips, 11.25; beets, $1.25;
parsnips, $1.75: carrots. Jig 1.25: peas,
southern. 12V415c: rhubarb, $2.2562.50;
BDrouts. S'ftOc: lettuce, $1.501.75, Los
Anceles. tlftl.50. Sacramento; artichokes,
70c$1.23 dozen; spinach, $1L60 per
crate.
Poultry Hens, 323Sc; strictly young
roosters. 80 33c; old. 2123c; fryers, 37
42c; broilers, 4550c; ducks, Pekin, 30
633c: squabs. 7075c; Belgian hares, live,
24ft'27c; turkeys, nominal;, pigeons, $3
3.75 dozen; geese, 32 35c.
Fruit Navel oranges, $3.504.15; lem
ons, 12.5093.75; lemonettes, $1.50 2;
grapefruit, new crop, $2.503; Arizona,
$3.5004.50: limes, $1.5A32.25 half orange
box: tangerlnw, $2.30 3 25; apples, Belle
fleurs, $1.50612; pears. Winter Nellis. $3.50
4; bananas. 9illc; cranberries, Oregon,
$6: dates, 19?22c; strawberries, $1.23
1.50 drawer. $3.50 crate.
Receipts Flour, 10,016 quarters; wheat,
300 centals; barley, 6209 centals; oats,
18S8 centals: beans, 1267 sacks; corn, 150
centals; rye, 127 sacks: potatoes, 4312
sacks; lemons and oranges, 5200 boxes;
livestock, 2100 head.
Ready Outlet Cp to This Time for AU
Arrivals,
Egg recoipta are showing a steady In-.
creaaa, out tn demand up to this time
has been fully equal to the supply and
the market is in good condition. Buyers
yesterday offered country shippers 63 cents
case count and up to 37 cents on the
candled basis. On the street candled
ranch sold at 53 GO cents and selects at
6062 cents.
Butter was steady with a regular move
ment in cubea at 47948 cents. .No early
change in the print market is anticipated.
A fair supply of dressed poultry came In
yesterday and cleaned up well, turkeys
bringing 559 57 cents, geese 39 cents and
chicken 30 cents. Live poultry was also
steady.
Visible Wheat Supply Smaller.
The American visible wheat supply
statement compares as follows:
Bushels. Decrease.
45.171,000 2.205.000
77.708,000 4.900.000
117,225,000 3.422.000
22.221,000 3,140,000
62,040,000 209,000
Increase.
The corn visible is 4,109,000 bushels, an
Increase of 242.000 bushels: oats, 30,254,000
bushels, a decrease of 354,000 bushels: rye,
3,207,000 bushels, a .decrease or 402,000
bushels; barley, S.OSjl.OOO bushels, an In
crease of 26,000 bushels.
Eastern Dairy rrodnce.
NEW TORK. Dec. 27. Butter firm;
creamery higher than extras, 56Vi957c;
creamery extras, 58c; firsts, 43Vi954Viaj
Eggs firm. Fresh gathered extra firsts.
75&76o; firsts. 73 9 74c. I
Cheese Irregular, state whole milk flats,
held specials, early made, 27 Vi 928c; da
Coffee Future Unsettled.
NEW YORK, Dec. 27. While no special
change was reported In Brazil, the market
for coffee futures here was unsettled today,
with prices lower. There were slight ral
lies later, but they were not sustained,
last prices being approximately the lowest
of the day. with the market showing a net
decline of 8 to 15 points. December 5.85c
Jan. 5.81c; March 6.35c: May 6.76c; July
1.09c; sept. 7.34c; Oct. 7.44c.
Spot coffee quiet: Rio 7s 6V4 to Hc;
'si Santos 4s Vi to 10c
December 27, 1920.
Deeember 29, 1919.
Denamber 30, 1918.
December 24. 1917.
. D-mber 27. 1916.
Metal Market.
NEW YORK, Dec. 27. Copper nominal.
Electrolytic, spot and nearby, 13 !4 914c;
first quarter. 13Vi14c.
-Iron steady No. 1, northern. $34935:
No. 2 northern, $32; No. 2, southern, $33
935.
Tin firm, snot and nearby. 32.50933.00c;
futures, 34.30c.
Antimony, 3.3795.K0c.
Lead quiet, ppot, 4.3094.75c.
Zinc steady. East St. Louis, delivery, spot,
5.6093 76c.
Naval Stores.
SAVANNAH, Ga., Dec. 57 Turpentine
quiet, 92Vic: -no sales: receipts, 324 bar
rels; shipments, 457 barrel; stock, 14,468
barrels.
Rosin quiet; no sales; receipts, 1891 bar
rels: shipments, 1205 barrels: stock, 81,254
barrels. Quote: B. D, , F, O, . H, I, K,
M. N. WG, WW, $11. .
Dried Fruit at New Tork. ,
NEW YORK, Dec 27. Evaporated ap
ples dull. California, 6910ViC state. 09
12e.
Prunes, unsettled; California, 4920c;
Oregons. 12916Vic
Peaches quiet; standard, 16a; choice, ISc;
fancy. 18 9 21 Vic
Seattle Dairy Produce. '
SEATTLE, Dec. 27. Eggs Select local
ranch, white shells, 03c; pullets, 30c; stor
age. 50e.
Butter City creamery. In cubes. Sic;
bricks or prints. 63c; seconds. In cubes.
46c; bricks, 47c; country creamery extras
coat to Jobbers, in cubea 60c; storage, 47c
Cotton Market. - .
NEW YORK, Dec 27. Spot cotton ulei
Mlddilh, 16.00
American Sug
Am Sum Tob
Am Tel & Tel
Ameri Woolen
Am Z L & S
Anaconda Cop
Atchison
All Of 4 W In 10.700
Baldwin Loco 14.000
P.altl & Ohio 8,0110
juetnie steel a
But & Sup Cop
Cal Petroleum
Canadian Pact
Centrl Leather
Chandler Mtra
Ches & Ohio
Chi Mil & St P
Chic'go A N W
Chi R I & Pac
Chino Copper.,
Colo Fl & Iron
Corn Products
Crucible Steel 16,000
Cuba Cane Sug 3.200
Erie 3.000
Generl Electric 3.2--0
Uenerl Motors 15,000
Grt North Pfd 4.400
Illinois Central 1.800
lnsplra Copper. 5,000
Int Me Ma Pfd 2.3K)
Interna Nickel 4.400
nltema Paper 1,300
Kan Cty South 3t0
Kenne Copper 8,000
Louis ft Nash 300
Mex Petroleum 20.MI0
Miami Copper w0
Mid States Oil 5.000
Midvale Steel
Missouri Paclf
Montana Pow
Nevada Copper
New York Cen
N Y N H ft H
Nor A Western
Northern Pacif
Ok Prd ft Rig
Pan-Am Petrol
Pennsylvania. .
Pitta ft W Va
Ray Con Cop
Reading
5.100
3.61-0
100
900
4.600
7,100
200
8.500
1..W0
5,600
6,700
7110
S.300
11.0110
Reo Ir ft Steel 6.000
Royal D N Y 3.300
Phat Ariz Cop 200
Shell Tr & Td 500
Sin Oil ft Rfg 18.000
Southern Pacif 2.",ono
Southern Rwy 6.1O0
S O N J Pld 1.200
Studebak Corp 5.800
Texaa company 16.3O0
Texas ft Paclf 1.600
Tobacco Prdts
Transcontl Oil
Union Pacific
U S Food Pdta
U S Ind Alchl
U S Rtl Stores
C S Rubber... 13.800
U S Steel 30.500
U S Steel Pfd 3.200
Utah Copper. .
West Llectrlc
Willys - Overld
3.900
3.S0O
1.200
5.700
4.000
5.200
2.800
5,400
High. Low. sale.
37 8'4 37
23 2r Vi 22 Vi
HOVi ll.-'Vi llUVi
30 37. 38
32 32Vi 2Vi
7SVt 77 77 Vi
35 29 Ti 30 V4
88 SS 88
70 Vi 69 9
95 U4 Vt 96
59 S7Vi 57 H
6V& 6 6Vi
32 31 Vi 31 Vi
81 7 80
lOOVi 96 97
82V4 SOVt 81
32 31 Vi 32
54 Vi 52 o3
8 8 SVi
2KVi 25 25
113 113 113Vi
33 32 Vi 32
62 01 Vi 62
5. -. S3V4 55
26 25 23
64 62 63
25 24 24
17 17 17
27 26 26
6. '. 64 64 Vi
7S 74 75
1S 17 17
12 12 12
118 117 118
13 13 13
73 72 73
85 F4 85
28 28 2S
4I 48 4S
12 12 12
44 43 43
18 18 IS
15 15 15
95 9S . 9S
157 153 153
157 153 155
12 11 11
30 29 30
16 15 16
48 48 Vi 48 Vi
S S- 8
69 68 69
17 16 16
90 90 800
71 77 78
3 8 3
73 71 72
39 39 . 39
28 27 2S
11 11 11
S0 78 79
50 57 58
67 59 61
4 4 4
3 3S 30
22 21 21
96 94 95
21 20 20
103 103 103
42 40 41
43 42 42
10 13 18
43 40 48
B 6 6
115 114 115,
1C 10 16
62 61 61
49 48 4.S
50 64 53
7S - 77 77
105 104 103
47 46 47
41 40 40
6 5 5
Northwest Municipal Bonds C
to Yield to . . ... . . . VLP
Corporation Bonds 73A
to Yield to . .... fl 74
Wheeler Timber Co.
5-YEAR VA
GOLD NOTES
A $400,000 issue secured by closed first mortgage on more
than $2,000,000 worth of timber and lands in California,
including over ?1,000,000 worth of REDWOOD. 73 ' Of
U S Lib 3s.
do 1st 4s. . .
do 2d 4s. ..
do 1st 4 Vis.
do 2d 4s.
do 3d 4s. .
do 4th 4s.
Victory 3s .
do 4is
U S cv 4s, cpn.tl06
Pan 3s reg t89
BONDS.
90.20IA T ft T cv Ss. .
93
74
.83.60 Atch gen 4s..
.84.14!D ft R G con 4s 61
.85.60 N Y C deb 6s.. 87
.84.16N P 4s 74
.87.26 N P 3s
.84.84 Pac T ft T 5s.
.94.94 Pa con 4s ..
.94.90 S P cv 5s. ..
So Ry 5s ......
U P 4s
do coupon ...t90 U S Steel 5s..
64
77
88
96
81
78
89
Bid; toffered.
CHICAGO. Dec. 2S. Let up In foreign
demand had a decided bearish effect to
day on the wheat market, notwithstanding
reduction of vessel rates to Europe- The
market closed heavy, lc to 2",o net
lower with March $1.03 to $1.63 V? nd
May $1.58 to $1.59. Corn finished at lVlcvj.
decline to c advance, oats off c to C
an.l provisions down 20c to 40c
.Unusual Interest attached to develop
ments in the wheat market, as the United
States shipping board had reduced ocean
retec to Europe from 10 shillings a hun
dredweight to 7 shillings. This cut was ex
pected to place United States wheat again
below Argentine In price, because of the
freight differential. Announcement of the
cur. however, was without any Immediate
apparent influence as a stimulus to for
eign buying in this country. The fact thaf
It was a holiday abroad and that foreign
ers seldom take hold at this season was
regarded in some quarters as the reason.
Or, the other hand, bears contended that
world supplies are ample and that chances
wer.3 against any lasting advance based on
emergency tariff duties or on revival of
food credits to Europe.
Indications of an increase of the crop
movement acted as a handicap against the
bulls In the corn trade and In oats as well.
Besides, eastern demand for corn and oats
was very slow.
Provisions gave way with cereals, after
a temporary upturn due to strength in the
ho? market.
The Chicago market letter received yes
terday by Overbeck ft Cooke company of
Portland said: -
Wheat Although the trade was small
and of an uninteresting character, the
market displayed a weak, undertone and
seemed to demonstrate the need of con
tinued buying power to maintain prices.
The few export bids that were in the mar
ket were 3c to 7c out of line and confir
mation of business waa lacking; In fact,
it Is not thought that foreigners will do
much during the holiday period and it Is
not at all unlikely that the urgent foreign
demand la about over. The domestic mill
ing demand is poor and a sale of 50,000
bushels was made to go to store today.
That the buying power of the country Is
at a minimum is emphasized by the fact
that retailers in practically all lines of
business are making drastic price reduc
tions now that the Christmas period is
over. A lower market in the near future is
to be expected.
Corn Had a steady tone and at no time
did the market display attractive rallying
power. Cash prices were generally lower
with the bulk of the offerings being taken
by elevator interests -for delivery on con
tracts. Although receipts were not large
and offers" to arrive somewhat disappoint
ing there is every indication that the turn
of the year will witness a materially en
larged movement for which the commer
cial demand will prove Inadequate and
lower prices result.
Oats Held fairly steady at the start,
but developed weakness later in the ses
sion under the pressure of selling by north
western interests. The cash demand was
again poor and spot offerings sold at an
Increased discount under the May future.
There Is nothing In the outlook at the
moment to justify the expectation of higher
prices.
Provisions Light hog receipts and higher
prices induced some short covering early
In the day, but the advance met oppo
sition credited in part to being against
cash holdings and the close was weak at
bottom prices. The cash demand in our
opinion Is too poor to warrant the main
tenance of present prices.
Leading futures ranged as fbllows: -WHHAT.
Open. High. Low. Close.
$1.64 $1.65 $1.63 $1.63
1.60 1.61 1.58 1.58
CORN.
.74 .73 .73
.74 73 .73
OATS.
.49 .48 .48
.48 .47 .48
MESS PORK.
. 23?00 23.20 23.00 23.00
LARD.
I. 1.05 13.12 12.70 12.70
13.55 18.60 13.20 1320
SHORT RIBS.
II. 42 11.60 ' 11.40 11.40
12.25 12.25 12.02 12.05
prices were:
3 hard, $1.77; No. 1 north-
Price 100, yield . .
Standard 03 Co. of N. Y.
7 GOLD BONDS MATURING 1925-29
PRICE 100, YIELD 7
Northwestern Municipal Bonds .
' INCOME TAX EXEMPT
WALLA WALLA COUNTY
6 Road Bonds.
Due Serially 1921-30,
Price 100. npf
Yield .... 00
CITY OF BEAVERT0N
6 Genl. Oblig. Bonds.
Due Serially 1923-29.
P-ice 100.
To Yield-
TILLAMOOK, OREGON
6 GenL Oblig. Bonds
Due 1921-30.
Price 100. (cf
Yield .... 00
HILLSB0R0, OREGON
6 Genl. Oblig. Bonds.
' Due September, 1930.
Price 100. Cof
Yield .... 00
A. H. Averdl
P. S. Brumby
Bank Directors
Louis G. Clarke F. I. Fuller
E. S. Collins John A. Keating
Chas. H. Carey James Danaher Jr. Leslie Af. Scoff
C.F.Swigert Chas. t . Wright
Bond Department
LUMBEKMEHS
TKPST
Under State Supervision
HI
I Resources over f 3,000,000
What 2 Pacific
Coast Banks Say of
Credit Insurance
Two well-known Pacific Coast Banks, have
written the American Credit-Indemnity Co.
One says:
"We have a number of clients using your
service at our suggestion in connection with
lines of credit advanced them."
And the other bank writes
"Not infrequently in fixing line's of credit
for wholesalers and manufacturers, we have
suggested the advisability of using your
credit insurance."
Bankers in every part of the country are
endorsing precautions that .prevent, else pay,
bad debt losses beyond the normal, which
the American's "Unlimited-Interim-Pay-ment"
Policy does.
Manufacturers and wholesalers, write or
phone for particulars.
Payments t$ PtScyMJert ahout $10,000,000.00
X AMERICAN CREDIT INDEMNITY CO.
Of NEW YORK E.M. TREAT, piesident
SUM STANDARD UNLIMITED POUCH
H. T. MacRTLL
Board of Trade Bldg. Phone, Main 1175
Portland, Oregon
J20tfp23; wild oats, 1517; Barley, io
4117: alfalfa, Me 23.
Seattle Grain Market,
SEATTLE, Dec 27. Wheat, hard n'ta;
soft white and white club, 1.50; hard red
winter, soft red winter., northern sprlnf
and eastern red Walla. Big Bend blue
stem, Jl.Oo.
City delivery: Feed Scratch feed, 1T-.
feed wheat, 03; all grain chop, 54; oats.
T.l: mroutina- oats. j rouea oau.
whole corn, $51. cracked corn, V'&'.
barley, 53; clipped barley, oS;
feed, 39; bran. $.19. .
Hay Alfalfa. double compressed al
falfa, 35; ditto, timothy, 10;
Washington mixed, $29.
rolled
Hilled
eastern
Mar.
May
May. .
July..
May. . .
July...
Jan.
Jan.,
May
.74
7!4
.4S4
.48
71 c; No.
4714 48c;
2 yel
No. 8
Mining Stocks at Boston,
BOSTON, Dee. '. Closing quotations:
Allouex 16 North Butte
Aris Com 6 Old Dom ...
Calu & Aria... 41 'Osceola
Calu & Hecla. .211 mulncy
Centennial
Cop Range ..
East iiutte ...
Franklin .....
Isle Royalle . .
Lake Copper. .
Mohawk
6 ISuperlor
25!Snp & Boston.
7 Mt Shannon ......
2lUah Con ....
15V, Winona ,
1?4 Wolverine
42 IGreene Can ...
8
. 15
. 21
. 35K
. 3
. IVi
. 60
8
.35
. 8
. 17
Honey, Silver Etc
NEW TORK, Dec. 2T. Prime mercan
tile paper, 78 per cent.
Time loans, firm, eo days, vo days and
six months. 714 7 per cent Call money
steady. High, 7 per cent; low, 7 per cent;
ruling rate, 7 per cent; closing bid, 6 per
cent; offered at T per cent; last loan, 1
pep cent.
Bar silver, domestic, vvftc; xoreigzv
641tc Mexican dollars, 480. .
Foreign Exchange.
Foreign exchange rates at close of busi
ness yesterday, furnished by Northwestern
National bank of Portland. The amount
quoted' is the equivalent in United States
dollars:
Austria, kronen
Belgium, franc -.
Bulgaria, leva
Czecho-Slovakia, kronen .....
Denmark, kroner
England, pound sterling ......
Finland, flnmark
France, franc
Germany, mark
Greece, drachma k.
Holland, guilder
Hungary, kronen
Italy, lire
Jugo-Slavia, kronen
Norway, kroner .................
Portugal, estudo
Roumania, lei
Serbia, dinara
Spain, peseta ;
Sweden; kroner
Switzerland, franc
China Hongkong, local currency.
Shanghai, taei
Japan, yen X
.10. 0029
. .0625
. .0014
. .0118
. .1B4
. 8.52
. .0287
. .059
. .014
. .0730
. .814
. .0022
. .034
. .0073
. .154
. .1045
. .0127
. .0287
. .13
. .199
. .1525
. .5665
. .755
. .49
Jan
May. . . .
CASH
Wheat No.
ern. 11.79
Corn No. 2 mixed,
low, 73 70c
Oata No. 2 white.
white, 4U'SH714C
Rye No. 2, $1.0014 1. 00 V4.
Barley---657c.
Timothy seed $S.KO6.S0.
Clover seed 10 (a-20.
Pork Nominal.
Lard tl2.7.
Ribs J10.75Tgil2.
Minneapolis Grain Market.
MINNEAPOLIS, Dec 27. Cash wheat.
No. 1 dark northern, $1.66 1. 70 ; No. 2,
81.63 tt 1.65 ; No. 1 red spring. 1.62
1.61; No. 2 Jl.59 1. 62; No. 1 dark
hard Montana, 81.70V, 1.12 ; No. 1 dur
um. 816614 1.6914.
Corn No. 3 yellow, 64 65c; No. 4. 58
59c; No. 3 mixed, 585c; No. 4, 645Sc
Qats No. 2 white, 4344Vic; No. 3,
42H:43VzC
Barley Choice to fancy, 70 76c.
Kye No. 2, 81.47 Vi1.48.
ROAD HEAD REAPPOINTED
K. A. Booth. Will Continne la Of
fice, Governor Announces.
SALEM, Or., Dec 27. (Special.)
R. A. Booth,, chairman of the Oregon
state highway commission, will be
reappointed to that office at the ex
piration of hie present term on March
31, 1921, according to announcement
made today by Governor Olcott.
Mr. Booth was first appointed a
member of the commission on March
31, 1918, to succeed E. J. Adams of
Eugene. Other members of the com
mission are John B. Yeon of Portland
and E. E. Kiddle of Island City.
who once acted as secretary of the
board, and C B. Clancy, a local flor
ist. It also was said that Ella Wilson,
assistant secretary of the - board,
might be considered In connection
with the office to succeed Mr. Lea.
City of
State Fair Board to Meet.
SALEM, Or.. Dec. 27. (Special.)
Members of the state fair board will
meet In Salem early in January when
applications for secretary of the
board will be considered. There are
said to be several applicants for the
position. Including Frank Meredith,
Winnipeg Grain Market.
WINNIPEG, Dec. 27. Wheat Decem
ber, 81-93; May. 81.79. - .
Unseed Markets.
DULUTH, Dec. 27. Linseed on track
and to arrive, 81.97.
MINNEAPOLIS, Dec. 27. Flax, No. 1,
81.811.3.
Grain at San Francisco.
SAN FRANCISCO. Dec. 27. Grain
Wheat, 82.7o3; barley, spot feed, 81.30
1.35: shipping. 81.651.60; oats, red feed,
1.451.D5; corn, white Egyptian, 82.75
2.85; red milo, 8 1.00 2.
Hay Wheftt, funcy, 8"5e26; tame oats,
NEW TORK, ' Dec 27. Exchange easy.
Sterling, demand, 83 50; .cables. 83 51.
Francs, demand, 5.87c; cables, 5.89c Bel
gian franca, demand, s.21c; cables, 6.23c
Guilders, demand, 81.25c; cablea, 81.85c
Lire, demand, 3.37c; cables, 8.30c. Marks,
demand, 1.87c; cables, 1.38c Greece, de
mand, 7.05c' Montreal, 14 per cent dis
count. ' Sterling declined In the late dealings.
Demand. 83.46; cables, 83.50.
Foreign Bonds.
Following foreign bond quotations are
furnished by the Overbeck & Cooke com
pany of Portland: -
Bid.
Russian Bs, 1921.:.........- 8
Russian 5 Vis, 1926... 6
Russian 6s,
Currency
French 5a,
French 4s,
French 5s,
Italian 5s,
British 5s.
British Ks,
British 5.
British vky.
1919.
1931....
1917....
1920.,..
1918....
1922....
1927
1929....
48
British ref. 4s. . . .
Blplum-rest. 5s...
Belgium prem. 6s
.. 8
..55
.. 48
..39
67
..26
..342
..326
..826
..240
..223
45
Asked.
11
9
12
60
50
41
60
28
850
840
840
258
237
, 49
8
Attractive Issues
offering; attractive yields
dominate our January pur
chase sheet.
For first-of-the-year in
vestment this list should
prove of value.
Will be mailed when issued
upon request for O. R. 360.
The National City
Company
Offices In more than 50 cities
Portland Yeon BWg.
- Telephone Main 6072
:
Consult
us about your present investment
problems. Our experience and in
vestors' service are available to
you without obligation.
We Recommend
Tillamook County, Oregon, School
District No. 48 6 Bonds
Due Serially 1930-1935
No Income Tax to Pay
Assessed valuation . . . .$ 1,787,945
Total bonded debt 52,000
Legality approved by
Messrs. Teal, Minor & Winfree
Price 100 to yield
First Choose Your Bond
House and Then the Bond
Clark, Kendall & Co.
5th and Stark Sts., Portland, Or.
Vancouver
British' Columbia
4VBonds
Due Feb. 1, 1923
At 93.41 toyield.8
Tax Exempt In Canada
PORT of
ASTORIA
(IaeludlBs; all ( Clatsop County)
6 Bonds
Dated Due
July 1, 1920 July 1, 1925
Price 99.03, yielding
6.25
CITY OF
VANCOUVER, B.C.
4 Bonds
Dated Due
Dec.15,1913 Dec. 15, 1923
Price 90.83, yielding
(lacome Tax Exempt)
IVire orders collect.
(Parabl ta Vle State) Fsiii)
RrlphSchneeloch Company
.
i MasBashiasiaamta1
.Pojrrbotxr.OjiEOCUc
Ask for Details.
FACTS NO. 538
THE SUCCESSFUL
ENGINEER
of today la tha man who economises
on upkeep by buying or building the
best. First cost la a secondary con
sideration. WHEN WEARING SCBFACK IS
Ml WARRENITEM
BITULITHIC
MOUND FLOOR
LUsiacaMBMa BUIkDIM
Firm and
rT o
FREEMAN.
SMITH
a
CAMP
Co.
jS BUSINESS PROPERTY c
C It Cant Run Away ,
5 Yon Can Take a Look at V
? It Any Time . St
5 ' I have several nice pieces v
J for sale showing 7 to 10
Jj per cent net. J
THE BIG DECLINE
In the prlea of manr of tha standard stocks and Xxnf haa evidently
rU It'lahebclW of many market exnerta that many of tha heat
enrlties are selllnsr far below their normal valua and ara a splendid
Investment If purchased' now, and should show a substantial advanca
dUrThet8hre0wd'mver buy. hlfh-claa securities durlnff mark.t
uoh aa we aro now havinir.
Seasoned and tried dlvldand payers of lonjr atanrttn aro now
lellina; at .prlcea which show a return of 10 to 16 per cent on tha in.
TeStThe1careful Investor BhouM bo able i maka om
leotlona around these level. We will be irlad to furnish itaU.tlca
and all Information possible pertaining; to Investment Issues.
HERRIN 8c RHODES, Inc.
KSTAnUStTKU ISM
STOCKS AND BONDS
Ml P An, WAT KXCJl BUM,
Members Ch lease Board of Trada
TACOMA.
produced under our expert supervl--sion
and Inspection, you have elim
inated the maintenance problem by
a proved factor o( safety.
See Fifth Street, Port
land ' seventeen (17)
years' service.
WARBEX BROTHERS COXFAJfT
Railroad Bonds With
Unusual Possibilities
In a circular on the bond
ituation, which we have for
free distribution, prepared by
one of the (treateit bond au
thoritiei in this country,
there it a list of one hun
dred - investment bargains
in high grade railroad boada
yielding as high as
, 8 to 19 '
Writ for ?uw7
E. M. Fuller & Co.
MeaMMTtef
OsanHsatsa oak w 1 st . T.
60 Broad St., NawYork.
NswYwk Nates Osselaaa
fDirtct PriMtt Wirt
We Own and Offer FOR IMMEDIATE DELIVERY,
Subject to Prior Sale, the Following: Bonds:
Multnomah County, Or., Sch. Disk iNo. 2.
City of North Cend, Oregon
City of Sumpter, Oregon . . . ... ..........
City of Vancouver, L. I. D., Washington. .
City of Caldwell, L. I. D., Idaho
City of Winnipeg, Canada . .......
Province of Manitoba, Canada...... .
Province of Ontario, Canada
Province of British Columbia, Canada. . . .
Ret.
THE HOUSB BfltiT SQUARE"
Qirstens & paries, Incorporated
V. S. National Bank Ho II din
roiiTi-A hi, v. a. a.
Hrdw. 4108
Rata Prlea YlaU
6s 100 6.00
Gs 99 Avg.fi.25
6s 99 6.03
7s 100 7.00
7s 100 7.00
Ks 96.53 8.00
6s 91.83 7.25
6s 96.68 7.30
6s 96.08 7.50
Liberty & Victory Bonds
Headquarter for buyinj: or selling all Issues. Larg or smafl lota.
i
HERRIN & RHODES, Inc.
Established 1896
STOCKS AND BONDS
201- Railway Elxhanga Telephone Main 253
ii
- - - -
It
HOTEL HOYT
trtatlv nrspraaf. Ksar kotfc JspeU
aaa eoartnlsot ear asrrlea ta
all part at tha city.
atnaM uMma sVIUiaat Kata.fl ant a
ajSji; Room. Wlta HatH. aaa ap
El.BKKT H. KOBK. Manat-r.
Thone Tour Want Ads to -!
THE 0REG0MAN
Main 7070 Automatic SC0-9J
v'V1' ,J"-
: :