THE MORXIXG OREGOXIAX, TUESDAY, JANUARY 4, 1921
19
WHEAT PRICES UP
IN JILL SECTIONS
Sentiment Decidedly Better
With Opening of Year.
BIDS ARE 5 CENTS HIGHER
I 'lour Inquiries Begin to Come
From Orient and Other Quary
tcrs; Coarse Grains Quiet.
The year opened with a decided
stronger sentiment tn the wheat market.
Bida were advanced 5 cents on all grades
at the Merchants' Excnang-e, with 1.63
offered for hard white and il Go for club.
Further business was reported In the coun
try at points where farmers were willing
to sell.
The strength here was, of course, a re
flection of the eastern bulge, where con
gressional action and the increased milling
demand had the effect of lifting prices
7 to 0 cents. There has been no enlarge
ment of the milling demand In this ter
ritory, hut confidence la expressed that
such will be the case berVre long, as in
qulrles are beginning to come through
from the orient and other quarters. More,
and more trade opinion is turning to the
bull side and the argument Is advanced
that If wheat could hold Its own during
the period of block market deflation there
Is every reason to believe that prices will
advance mw that the financial situation
Is apparently Improving.
There was no change in the coarse grain
situation locally. Demand was slack and
the quotations posted at the exchange were
about the same as at the previous session.
Argentine cables reported that wheat
cutting was delayed by Inclement weather.
Further rains have fallen and have hin
dered the completion of harvest In some
sections.
Indian wheat shipments last week were
112.000 bushels, all to the United King
dom. The forecast for this week is 036,000
bushels to the United Kingdom and 164,000
bushels to the continent.
Terminal receipts. In cars, were reported
by the Merchants' Exchange as follows:
Wheat. Barley. Flour. Oats. Hay.
Tortland. lion V4
Tear ago S
Season to date.8!17
Tear ago 5110
Tacoma, Friday 3
Tear ago 19
Season to date . 3054
Year ago 3865
Seattle. Friday. 16
Tear ago 51
Season to date.3f,3
Tear ago 3647
173
i M
45
62
1
2
9
St
470
2266
3
546
3
201
431
f Northern sprtax 1-55 1-M
f Red Walla .77. 152 132
Oats
I No. 2 white feed 35 00 45.00
No. 2 gray 33.00 33.00
Mill run 32.75 32.00
Corn -
No. 3 E. T. shipment 33 50 33.50
FLOUR Family patents. $9.80; bakers'
18. 5; valley patents, 7.40; whole wheat.
IS.20; graham. 18
MILL FEED Prices f. o. b mill: Mill
run, $85 per ton; rolled barley, $45047:
rolled oats, $49; scratch feed, $61 per ton.
CORN Whole. $43; cracked. $48 per
ton.
HAT Buyfng prices, f. o. b. Portland;
Alfalfa. $2021 per ton; cheat. 3223;
clover. $20; valley timothy. $2728: east
ern Oregon timothy. $30.
Dairy and Country Produce.
BUTTER Cubes, extras. 46047Hc pr
lb.; prints, parchment wrapped, in box
lots, 53c per lb; cartons, 4c. half more;
butterfat, buying price. 46658c per pr-irw
at stations; 50c Portland delivery.
EGGS Buying prices, case count.
50c. Jobbing price to retailers, candled
ranch, 53c; selects, 58c.
CHEESE Tillamook triple, price to
jobbers, f. o. b. TillamooK. 30c
POULTRT Hens. 2330c; springs., 2-". &
27c; ducks. 25940c; -geese. 32c; turkeys,
live, 45c: turkeys, dressed. 60c.
PORK Fancy, 15H16c per pound.
vlaL Fancy. 17 He per pound.
Fruits and Vecetablea.
FRUIT Orange, navels, $3.75 5. Jap
anese, $3,25 per bundle; lemons. $3 75 0
4. 75 box ; grapefruit, $3.25 8 per box ;
bananas, 12 hk 13 He per pound ; grapes,
$5.25 lug; apples, $l3-50 per box; pears.
$2w 2.20 per box.
VEGETABLES Cabbag. 12C pr
pound; lettuce. $3.25 & 3. 75 per crate ;
cucumbers, $1.73 2 per dosen. carrots,
per sack; garlic, 25c; beets.
$ 1.50 sack ; egg-plant, 20c pound ; cauli
flower, $23.25 per crate; celery, $3
5.50 per crate; green peppers, 15c per
pound; sprouts, ;7: per pound; squash,
2C per pound; pumpkins. 2Hc per pound.
POTATOES Oregon. $1.30 1.73 per It-
pounds; Yakima, $22.50; sweet potatoes.
06Hc j : pound, $3.30 per hamper.
ONIONS Oregon. $150 per sack; Cali
fornia brown, $1.50 1.75 per sack; Cali
fornia yellow, $150 per sack.
STOCKS SfflflHIC IT CLOSE
REBOUXD IS MARKET IiiFTS
TCARLY ALL SHARES.
Staple Groceries.
Local Jobbing quotations: '
SUGAR Sack basis: Caoe granulated.
9c per pound; beet, S.SOc per pound.
M UTS Walnuts. 22 28c ; razii n uts,
35c; tiberta. 21 25c; almonds, 2030c:
peanuts, 014c per pound; cocoanut. $2
per dozen ; pecan, 32 35c; chestnuts, 2o
J5c pound.
RICE Biue Rose, 9 He per pound; Ja
pan style, 7 He per pound.
BEANS Small white. 6c; large white.
6c; pluk, 7c; lima, 10c; bayous, 12Hc;
red. 7 He per pound.
COFFEE Uoastt-d. bu:k. drums. 31041c
per pound; sacked, 22 27c per jound.
bALi uranuiated. bales. ij..u(i4 z&:
half ground, ton. 50s, $10.75; lOOs. $18.23;
lump rock, $26.50.
Provisions.
HAMS All sizes 27J2c:
31c; picnics, 20c.
BACON Fancy, 40047c:
3Jc; standard, 2o2ic.
LARD ure. tierces. 27c:
tierces, I4c.
DRY SALT Backs. 21 24c; plates. 20a.
Substantial Advances Scored by
Liberty Bonds; Money Xot Af
fected by Release of Interest.
NEW YORK, Jan. 3. The year on the
sTcck exchange began with a tentative
extension of last week's rally, followed by
irrerular neavineas at midday and a vigor
ous recoil In the last hour with many sub
stantial gains at ttut active close. Almost
t:ie sole exception was Atlantic Gulf, which
fell 7 points to the new low of 60. recov
ering only a fraction.
Oils, steels, coppers, tobaccos and motor
specialties led the rebound, together with
General Asphalt, which had a net gain of
7H- Sales were 800.000 shares.
Forecasts of the new year were partly
hopeful, but there was no effort to min
imise the belief that further economic
readjustment must precede a clearing; of
the financial skies.
Adverse happenings over the recess In
cluded announcement of more bank fail
ures and dividend suspensions, an Increase
of unemployment, reduced exports and the
further decline of railway tonnage from
western to eastern points.
president Wilsons veto of the war
fn.ar.ee resolution, followed by Its adop
tion by the senate, was In keeping with
expectations and exerted no influence In
tlie securities market, though probably
heiping to stabilize quotations in grains
and cotton.
The money market was almost stagnant,
demand loans holding firm at 7 per cent.
Release of January interest and dividend
payments was without visible effect and
failed to exert more than a casual Invest
ment inquiry.
Foreign exchange u mixed, sterling
Improving while French, Spanish and
Greek remittances weakened. Material
ar cessions to last year's heavy gold im
ports were announced.
Bonds were dull but firm In the main,
most liberty Issues making substantial
advances. Total sales, par value, $13,-230,000.
CLOSING
A Northwestern Municipal Bond that is legal
to secure savings bank funds in Oregon and
Washington and public fund in Washington.
STOCK QUOTATIONS.
skinned, 25
choice, 30
compound.
293
360
75
126
1
1235
t2
6
4
540
557
1011
716
mritOVEMENT IN EASTERN BUTTER
, Sast Franrlsro Market Irp rented by Ship
ment From w Zealand.
The eastern butter market continues to
ahow improvement. Shorter receipts, due
to lighter make and the good trade of the
holiday aeason. Increased confidence and
firmed the market steadily. TJndergrades
and carlot centralized cleaned up as well
as best grades of fresh butter, and the
storage position looks much better with
more buying at firmer prices. Storage
prices Improved only on fine stock, how
ever, and advanced much less than on
fresh at the close of the week. Dealers
are aware of the risk of much advance,
however, and sales are on a very con
servative basis with fresh averaging up
about a cent higher on the four markets.
Danish butter shared In the firmness at
New York, with stocks selling at 53c for
tine goods; 350 casks of Danish and tVOO
casks of Holland butter arrived th" Ta!t
week. New offerings of Danish butter
continue at 47c c. 1. f. The quality shows
wintry flavors, short grain, and arrivals
are below the quality expected. There Is
some talk of Great Britain raising con
trol, but this may not be effective until
late In the spring.
The San Francisco market did not re
cover during the week and prices showed a
further decline. Trading following the
Christmas holiday was dull and draggy.
with demand exceedingly light, both lo
cally and outside. Prices clumped approx
imately 2c on all grades. The tone of the
market was unsettled and weak and with
Increased production reported from coun
try points, a general lack of confidence
existed. Storage goods were In little de
mand during the decline and dealers' fresh
stocks showed an accumulation. The ar
rival of the steamer Ma ram a from New
Zealand with 12.000 cubes of butter, to
taling 702,000 pounds, did not better con
ditions, although most all of this Is ex
pected to go to eastern centers. It is hoped
that the eastern markets will look to ths
Pacific coast for fresh goods during the
winter.
Hides, Trite, Etc.
HIDES Salt hides, all weights. 6c pe-
pound; green hides, all weights, 5e; salt
du.;s. all Bfajsrnw. oc : sreen Duns. c : ca.r
kins, green or gait, 8c; kip skins, green
or salt. 7c; dry hides, 12c; dry salt hides,
9c; dry calf, 15c. Above prices for coun
try hides and skins. Prices for city skins
and hides follow: Calf skins, 10c per
pound; kip skins, 8c; city packer bides,
green, 6c.
PliLTS Salt pelts, full wool, ?540c
each; dry long wool pelts, f'ne. 7c lb.; dry
long wool pelts, medium, 6c Sbvj dry long
wool pelts, coarse,' 4c lb.
TALLOW No. 1, 5c; No. 2, 4c per H.
CASCARA BARK 120 peel. 8c pes lb
WOOL AND MOHAIR Nominal.
HOPS 102O crop, choice, 245.c per lb.
Oils.
LINSEED OIL Raw.
drums, 11.08; cases, 11.18.
$1.03; drums. $1.10; cases
TURPENTINE Tanks.
Sl.ML
COAL OIL Tank wsgons
barrels, 17c. cases, 80g7e.
FUEL Oil Bulk, $2.35 per
GASOLINE Tank wagons
barrels. 2Vo; cases, 4 I -.
barrels, $1.01;
Boiled, barrels,
$1.18.
1.41; cases,
and Iron
barret
and Iron
LOWER EGG PRICES ARE EXPECTED
Butter In Steady Supply With Demand
Equal to Supply Poultry Scarce,
lxwer egg pHeea are expected by dealers
but they do not look for any sharp de
cline In the Immediate future. Buying In
the country was done yesterday on the
btsls of 30 cents delivered, Portland.
Jobbers asked 55 cents for candled ranch
and 5 cents for selecta
Tns butter market was In healthy shape.
Production Is fair, but the demand takes
care of it and prices are ruling steady. An
encouraging feature yesterday was Inquiry
from a number of logging camps, indicat
ing that these are reopening.
Poultry and dressed meat receipts were
small and prices werr firm as last quoted.
Experts of Flour Lighter.
Exports of cereals and flour from the
United Stats In November. 1120. and in
the same month of 1918 were:
1020. mid.
Barley, bushels 1.822.734 1.4M.22
Corn, bushels 1,"20..19H ftfll.-Vto
Oats, bushels 477.309 2.S20.U60
R e. bushels 4.80?. 439 .t9ft,Tw3
Wheat, bushels 26,035,147 15.116.107
Flour, barrels 1.101.054 1.S39.8S0
Exports for the first 11 months of the
past and preceding; year compare :
192a 1919.
Barley, bushels 15,334.036 87.177.941
Com, bushels 14.720.3,13 9.666,544
Oats, bushels 12.411. 504 51.802.237
R-e. bushels 81.444.883 3rt.47s.620
Whist, bushels 1 Dtu i:;s..t.764
Flour, barrels . ...... 18.9Q2.322 25. 136.8V9
Prcreane In Wheat Supply.
The American v4siMe wheat supply state
ment compares as follows:
Wheat. Bu. Decrease.
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruit,
Etc., at Bay City.
SAN FRANCISCO, Jan. 3. Butter Ex
tras, 46 He; prime firsts, 47c
Eggs Fresh extras. 66 VjC : extrv firsts,
66c; extra pullets, 65c; undersized pul
lets, 64c.
Cheese Flats, fancy, 26c; firsts, nomi
nal. Vegetables Eggplant, southern. 5 97c ;
summer squash, nominal ; potatoes, street
prices, rivers. Sit-" I " Salinas, $3.25;
sweets $4.25 f 4.50; onions, Australian
90cfjp$l. green 81.25tfl.50; beans, 15fr20c.
bell peppers, southern, 5 7c. chile, 4&6c;
tomatoes, 60c4y$l, fancy $1.25; cucumbers,
hothouse, $l(fl.23 dosen; celery, flft)
cauliflower, 90c ' I dozen; cabbage. 1c
pound; turnips and carrots, 81&1-25 sack;
beets, $1.50; parsnips, $ 1.75ft 2 ; peas, 9
12 He; rhubarb, $1.75 2; lettuce, $1.75
2; artichokes, 70c $1.25 dozen; spinach,
$11.50 crate.
Poultry Hebs, 31 84c;- strictly young
roosters, 30 ft 3lc. old 21 22c: fryers, 40
45c; broilers, 4550c; ducks, 2S32c;
siuat, 7tti75c: Belgian hares, live, 22
24c; turkeys, nominal.
Fruit Navel oranges, $3.50 4. 60; lem
ons, $2 2.50; lemonettes, $1.50 2; grape
fruit, new crop. $2.50 4? 3. Arizona $3.50
4.25; limes, 81-25 1.75 half orange box;
mandarines and tangerines, $23.25; ap
ples, New towns. $1.90ft2 25; pears. Winter
Nellie. $24; bananas. 810c.
Receipt Flour, 1630 quarters : wheat,
130 centals; barley. 82.110 centals; beans.
5337 sac ks ; corn, 1 60 cen tals ; potatoes.
6026 sacks: hay, 246 tons; lemons and
oranges, 3900 boxes; livestock, 1454 head,
hides, 20 rolls.
Sales.
Am Beet Sug MB
American Can 7.100
Am Car & Fdy 1.700
Am H & L Pfd 2.900
Am Inter Corp S,54K)
American Loco 1.400
Am Smt ft Rfg 8.500
American Sug 2,000
Am Sum Tob 600
Am Tel & Tel 2.200
Ameri Woolen 5.809
Am Z L St S 1.20O
Anaconda Cop 6.S00
Atchison .... 1.100
Atl Gf ,v W In
Baldwin
Balti &
Bethle Steel B
But & Sup Cop
Cal Petroleum
Canadian Pad
Centrl Leather
Chandler Mtrs
Ches & Ohio
Chi Mil St P
Chic go & N W
Chi R I & pac
Chino Copper. .
uoio F & Iron 200
Corn Products 2,000
Crucible Steel 10,400
Cuba Cane 'Jug 5,400
Erie 2.500
Generl Electric 3.6O0
ueneri Motors iu.ooq
Grt North Pfd 4.400
Illinois Central
Inspira Copper
Int Me Ma Pfd
Intern Nickel
Interna Paper
Kan Cty South
Keune Copper
Mex Petroleum 23.300
Miami Copper 800
Mid States OH 7,700
Midvale Steel 5.000
M issouri Pacif 3, 800
Montana Pow 200
Nevada Copper 1,600
New York Cen 3.00
N Y N H ft H MM
Nor & Western UOO
Northern Pacif 5,700
Ok Prd ft Rfg 3,900
Pan-Am Petrol 10.200
Pitts & W Va 1.800
Ray Con Cop 3,100
Reading 17,300
Rep Ir ft Steel 2,000
Royal DVT 6,500
Shut Ariz Cop 300
Shell Tr ft Td 700
Sin Oil & Rfg 21,600
Southern Pacif 18.000
Southern Rwy 6.600
S O N J Pfd 2,200
Studebak Corp 11.400
Texac company 18,200
Texas ft Pacif 1,600
Tobacco Pdts 2.900
Transcontl Oil 8.800
Union Pacific 3.400
0 S Food Pdts fc.OOO
U S Ind Alchl 3,100
U S Rtl Stores 9,000
U S Rubber... 10.900
U S Steel. . . 38.300
U S Steel Pfd 400
Utah Copper. . 2.400
Western Union 5O0
West Electric 1.600
Willys - Overid
00
Loco 14,000
Ohio 7,200
5.100
800
3O0
2.500
3,500
4.700
2,600
4,200
l.OOO
3.300
3,900
200
1,700
5,300
O.itOO
l.OOO
1.000
0.1OO
High
45
27
121
45 1
41
36
94
II
9C
01
9
35
83
76
86
36
56
11
26
117',
37
.
01
30
67
28
20
27
67
77
2.
14
138
14
76
87
32
53
14
46
19
19
161
16
13
32
20
53
10
73
19
99
83
3
76
30
H
43 K
24
101
lor. V4
43 74
44 ji
17
Si
IS
1104
23 3
83
Low.
43 H
12
43
3
till
33
IX) 14
73t
90
39
S
3S
S3W
69
84
33
33
i()H
26
113
36 N
64
M Vi
2S4
63
si
tfi
73
n
14
1-'U4
14
73(4
87
ai
51
13(4
46
19-
17 54
130
13
12
31 S
19
53
974
7214
IS
98
814
3.
7174
3914
11
81
6014
64
ra
42
9S4
2274
103
43.
42 V4
164
31
7
118
204
6414
31
Lat
sale.
43
2714
121
45
41
35
77 Vi
90
61
9
33
83
69
86
35
56
11
26
116
37
66
39
39
67
ii
27 6
67
77
14
122
14
76',
87
o2
53
14
46
19
19
160
16
13
32
19
53
'10
73
1914
9914
S2
5
76
311
12
82
62
66
43
24 i
99
23
10514
43
43
17
53'
7
119
23
65
$120,000 navon
Cowlitz County. Wash.
Diking Dist. 11.
Dated December L 1920. Due Serially 1922-36.
Den. $100, $500, $1000.
A general obligation of the town of Woodland, Wash.,
and approximately 1800 acres of land, surrounding it.
Appraised value of taxable property $775,754. No
bonded debt except this bond issue.
PRICE 100 YIELD 7
Bonds Income Tax Exempt
A solid, high yielding security. Write for circular.
Our January Bond List Ready
Call or write for this big list
of selected northwestern mu
nicipal bonds and the leading
corporation issues.
Emm
ST
Broadway and Oak
40
48
38
...... 57
.. 26
343
328
328
242
.225
"... 50
57 74
10
12
12
12
...... 12
13
13
14
14
53'
74
65 63 65
81 SO 81
107 107 107
50 49 50
B4 M 84
43 4 42! 43U
3.700 3 5 5
BONDS
U S Lib 3. . .91.90 A T 4 T cv 6s.. 94
ao 1st (s. . . v-.i AU-ti gen 48
. . 85 34 D & R G
Met! Market.
NEW YORK, Jan. 3. Copper, steady.
Electrolytic, spot and first quarter, 12
rl3c.
Iron steady. No. 1 northern, $34935:
No. 2 northern, $32; No. 2 southern, $33
i33.
Tin .teady. Spot and nearby, 35.25c; lu
lures. Sfl.OOc.
Antimony, 3.12H 5.37t
.ni steadier. Spot, 4.75c.
Zinc steady East St. Louts delivery,
spot, 5.60p5.73c.
Stores.
Jan. 3. Turpentine
sales; receipts, 477 bar
214 barrels: stock, 15,779
Narad
SAVANNAH. Ga.,
quiet. 92c: no
reis. shipments.
barrels.
Rosin quiet: no sales: receipts, 2002 bar
rels; shipments. 1218 barrels: stock. 84,'
724 barrels. Quote: B. D. E. F, G, H. I
K, M. N. WG, WW, 111.
New York Sus;ar Market.
NEW YORK, Jan. 3. Raw
Irifuffal. 5.39c; refined fine
7.90 1 8 00c.
sug-ar, cen-granutated.
Cotton
NEW YORK, Jan.
quiet. Middling, 16 00c.
Market.
3. Cotton Spot
Jan. 3 1921
Jan. i. 1920
Dec. 29. 1919
Dec. 30. 1918
Dec. 31. 1917
43.O63.0O0 2.10. OOO
. 74.. .72.00O .; ' ..;
. 77.70S.OOO 4.!i0.000
.117.225.000 3.422.0IK1
. 1S.934.V00 884.UO0
Increase.
The corn risible Is 3.4u9.000 bushels, an
ircreaae of 1.240.000 bushels: oats. 32.194,.
O r bushels, an Increase of 1.940.0O0 bush
els: rye, 4.236.000 bushels, an increaae of
1.029.000 bushels: barley. 3. $60,000 bushels,
SI decrease of 91.000 bushela
Hearings.
.rk clearings of the northwestern cities
yesterday were as follows:
Cloarlnga Balances.
Portland $6 17,104.-. $1.371. X2
feattle 7, 21.297 2.21!l.2l
Tacoma 637.003 SO w2
Spokane 2.7;i8.403 1.203.370
PORTLAND MARKET UlolATlOXS
t.raln, Hour. Feed. Etc.
Merchants' Exchange, noon session.
Bid
Wheat Jan Feb
Bard white $163 $163 1
oft white 1.80 l.m
White club 1 60 1 60 I
itard waiter 1.53 Lii I
ap-
7f9c;
Drietl Fruit at New York.
NEW YORK, Jan. 3. Evaporated
Ties dull and easy; Californlaa,
state. 6tjfloc.
Prunes, easy. Callfornlas, 417c; Ore
gons. Iltll4c.
Peaches quiet: standard, 16c; choice,
ISc; fancy. ID'.fintc.
Hops at New York.
NEW YORK, Jan. 3. Hops dull; state
1920, 401145c: Pacific coast, 1920. 12 i
33c: 1919. 50032c.
Ho 2d 4s.
do 1st 4s. . .83.32 N Y C deb 6s
do 2d 4s 83.50 N P 4s
do 3d 4s-..88.62N P Si
do 4th 4a. ..83.60.Pac T & T 5s
Victory 3s ...9600,Pa con 4s..
do 4s 96.02S P cv Ss
U S 2s coupontioi So Hy
V S 4s couponfl06 U P 4s
Pan 3s, cpn....f82 U S Steei &s.
con 4s 64
. 90
. 75
55
. 80
91
. 99
. 83
80
..93
Bid: toffered.
Mining Stocks at Bonton.
BOSTON, Jan. 3. Closing quotations:
Allouez
Arlx Com
Calu & Ariz.
Calu & Heels
Centennial ...
Cop Range . .
East Butts .
Franklin .....
Isjs Royalle..
Lake copper.
Mohawk 44
. 17North Butte... 90
ijiq uom ltf
. 41,Osoeola ....... 23
.240 iQulncy 35
6Superlor 8
. 28 Sup Boston. 1
7 'Shannon 00
. 2 Utah Con $
. 16,Wlnona $0.
1 Wolverine 10
Money, Silver, Etc,
NEW YORK, Jan. 3. Prima mercantile
paper, 7 Sc.
Call money, firm; high. 7 per cent: low,
7 per cent; ruling rate, 7 per cent; clos
ing bid, 6 per cent; offered at 7 peij cent;
last loan. 7 per cent.
Time loans, steady; 60 days, 90 days
and six months. 7&7 per cent.
Bar silver, domestic, 99c; foreign,
5c.
Mexican dollars, 50c.
LONDON, Jan. 3. Bar silver, 41 d per
ounce.
Money. 4 Per cent.
Discount rates, short bills. 8 Per cent;
three months' bills, 6 per cent.
Foreign Bonds.
Following foreign bond quotations are
furnished by the Overbeck sz Cooke com
pany by Portland:
Bid. Ask.
Russian 5s. 1921 6 9
Russian 5s. 1926 5 7
Russian 6s. 1919 12 13
Currency
French 5s. 1031 . .
French 4s. 1917 ..
French 5s, 1920 . .
Italian 5s, 1018 ..
British 5s. 1922 . .
British 5s. 1927 . .
British 5s. 1929 . .
British vky 4s . . .
British rof 4s
Belgium rest 5s .
Belgium prem 5s
German W. L. 5a
Berlin n
Hanrburg 4s
Harntourg 4 s . . .
Leipslg 4s
Lelpslg 3s
Munich 4s
Munich 5s
Frankfort 4s ....
Jap 4s
Jan first 414s ...
Jan I 4VS 74
Paris sixes 92
0 K 3s, 1921 9.
U K 5s, 1922 94
U K 5s. 1929 86
U K 5s, 1937 82
Foreign Exchange. ..
Foreign exchange rates at close of bust
ness yesterday, furnished by
National bank of Portland,
quoted is the equivalent in
dollars :
Country, Foreign unit
Austria, kronen
Belgium, francs
Bulgaria, leva
Czecho-Slovakla. kronen . . .
Denmark, kroner
England, pound sterling . . .
Flnlanit flnmurk
France, francs Oj90
Germany, marks 1 '139
Greece, drachmas 0729
Holland, guilders 3150
Hungary, Kronen .0021
Italy, lire 0349
Jugo-Slavia. kronen 0070
Norway, kroner 1575
PortUKal. cscudos 1140
Roumanla. lei 0126
Serbia, dlnara 0274 j
Spain, pesetas ..: 1345 i
Sweden, kroner 2020
Switzerland, francs J .1530
China-Hjngkong, local currency .... .56(5.
Shanghai, taels 7830
Japan, yen 4800
NEW YORK, Jan. 3. Exchange irreg
ular, sterling demand $3.53. cables $3.54:
francs, demand 5.85, cables 5.87; Belgian
francs, demand 6.15, cables 6.17; guilders.,
demand 3.13, cables 3.14; lire, demand I
3.44. cables 3.46: marks, demand 1.3o,
cables 1.36; Greece, demand, 7.20; Mont
real, 14 7-8 per cent.
Swift A Co. Stocks.
Closing prices for Swift tc Co. stocks at
Chicago were reported by the Overbeck &
Cooke Co. of Portland as follows:
Swift It Co
Swift International
Llbby, McNeil & Llbbv
40
59
355
340
340
236
22S
58
61 '
12
14
14
16
14
15
15
17
15
56
75
75
93
97
95
87
83
Northwestern
The amount
United States
Rate.
$.0025
0622
0115
. .0113
0113 I
3.5650
0313
LEGION POST PROSPERING
Cove Organization of Ex-Service
Men Makes Record.
COVE, Or., Jan. 3. (Special.)
Cove post. No. 66. American Lesion,
is making records. On Christmas day
Earl Rand, a young ex-service man.
and Miss Luella Kries, r.iece of Mrs.
George Puckett, grain rancher, were
married, and on New Year's day Leon
ard ilillman, formerly with the ma
rine guard of the American legation
at Pekin, China, and Miss Clara Gard
ner were married. James Houx,
thought to have been hopelessly
gassed In France, has finally recov
ered. ,
Ray Baker. who returned from
army life with tuberculosis follow
ing influenza, condemned to outdoor
living, is married and driving a mill
truck, while Herman Lund, also a
sufferer from tuberculosis, now In
the Pierce sanitarium. Is reported
improving. James Harris, a marine
who returned with tuberculosis, is
JANUARY
funds have rarely, if ever, faced
such investment opportunities as exist
today.
High grade bonds can now be bought
at prices which yield returns un
thought of in pre-war days.
Our January list, just off the press,
gives names, prices and yields of a
broad list of securities which we rec
ommend to the special consideration
of the investor at this time.
This list will be sent upon
request- for 362.
i
THE NATIONAL CITY COMPANY
Main Office: National City Bank Building, New York
Yeon Building, Portland
Telephone Main 6072
Bonds Preferred Stocks Acceptances
married and prospering at Vancouver.
His brother. Thomas Harris, with the
lost battalion, who came home to
his bride of a week, is father of a
fine boy baby.
Linn Fees Increase.
ALBANY, Or., Jan. 3. (Special.)
Remarkable Increases over the re
ceipts of 1919 are shown in the fee
National Leather
.103
. 30
. 8
Yu tu res Peel in e.
Jan. 3. An opening Ad-
points 'was followed by
Coffee
irVW YORK,
vanes of 4 to
declines In coffee futures today. Firm
offers from Brazil were reported steady
to a shade higher and there was some
bcattered buying, but Wall street wu a
seller and no Improvement was reported
In trade demand. March contracts sold
off from 6.55c to 6.32c and May from
6.95c to 6.74c, with active months show-a-g
net losses of 12 to 20 points at one
time. Closing prices were a shade up from
the lowest on covering, but showed a -et
loss of 10 to 18 points. Closing bids: Jan
uary, 11.84c; March, 8.34c; May, 8.7c;
July, 7.13c; September, 7.37c; October,
7.4flc and December, 7.73c.
Spot coffee quiet; Rio 7, 6c; Santos
4i. 109 ttc.
Dairy ProdtH-e Market,
NEW YORK. Jan. 3. Butter firm;
creamery higher than extras. 57H&5Sc
creamery extras, 57c; firsts, ; t i
ggs unsettled ; fresh gathered extra
firsts, 7Q6Sc; firsts, 68c.
Cheese steady, state white whole milk
flats held specials early made 27028c;
ditto fall made 232Uc: state whole milk
flats fresh specials, 25 26c.
SEATTIE. Jan. 3 Eggs, select local
ranch, white shells, 58c: pullets, 50c.
Butter City creamery, in cubes, 52c,
brick or prints, 58c; seconds. In cubee.
4c; bricks, 47c; country creamery extras,
cost to Jobbers, in cubes, 50c; storage, 47c
Phone your
sjonian. Main
want ads to The Ore
7070. Automatic 560-95.
For
January Investment
We own and offer for immediate delivery the following high-class
bonds which we purchased with our own funds after most careful
investigation:
$ 8,000 Douglas Co., Wash., Road 6s. .1921-36 6.00
Due serially. Denomination JoOO. Price 100.
1950 6.00
Den. 1000. Price 100.
26,000 Enterprise, Or., Water 6 .
Due Feb. 1, 1950. Opt. Feb. 1. 1930. F. & A.
1,500 Forest Grove, Or., Funding 6s.. 1 921 -22 6.00
Due serially. A. & O. 15. Denominations J1000, $500. Price 100.
3,000 Marshfield, Or., Imp. 6s 1930
Due Aug. 1, 1930. Est. Aug. U 1926. F. & A. 1. Den. 500.
6.00
Price 100.
Railroad Bonds With
Unusual Possibilities
In a circular on the bond
situation, which we have for
free distribution, prepared by
one of the greatest bond au
thorities in this country,
there is a list of one hun
dred investment bargains
in high grade railread bonds
yielding; as hich as
8 to 10
Write for p.-.-r
E. M. Fuller & Co.
MsBlMfS Si
LMMlidMMl stock lushsars f M. X
SO Broad St.. Now York.
Sr Ysfk Newark
Ckcato Beam
(D'.scf Prhmtm Wim
Yielding 8 Per Cent
Province of Saskatchewan Bonds
Denomination 100 ($486.66)
Due July 1, 1923
Principal and Interest Payable in Gold at New fork.
Assessed valuation for taxation over One Billion
Dollars. Net debt but Sixteen Million. Area 251,700
sq. mi., or larger than any state in Union, with excep
tion of Texas. Population eight hundred thousand.
Write or Call for Descriptive Circular
CLARK.KENDAU6 CO. INC.
5,100 Bakersfield, Cal., Imp. 7s 1925-30 6.50
, Due serially. J. & J. 2. Den. f 500, J200, S100. Price 101.9S-1O8. 55.
15,000 Dinuba, Cal., Imp-7s 1921-30 6.50
Due serially. J. & J. 2. Den. J1000, 1500, 1250. Price 100.32-103.55.
26,000 Turlock, Cal., Imp. 6s 1921-32 6.50
Due serially. J.&J.2. Den. $1000, I5O0, 250. Price 95.97-99.72.
7.00
32,000 Toppenish, Wash., Imp. 7s.. .1921-30
Mature serially. Denomination 1200. Price 100.
35,000 Casper, Wyo., Imp. 6s.. .1923-29 6.38-7.06
Mature serially M. L Denomination $500. Price 97.50.
3,000 Province of Ontario 6s 1923 7.50
Due Oct. 1, 1923. A. & O. 1. Denomination $1000. Price 96.34.
14,000 Province of Alberta 4 V2s 1924 7.75
Due Feb. i, 1924. F. & A. L Denomination $1000. Price 91.24.
2,000 Winnipeg, Manitoba, 5s 1926 7.75
Due Aug. 1, 1926. F. & A. 1. Denomination $1000. Price 86.02.
20,926 Vancouver, B. C, 4y2s 1923 8.00
Due Feb. L 1923. F. & A. 1. Denomination $486.67. Price 93.41.
Cash or Partial Payment Plan
Ask for details. Wire or phone "collect."
Freeman, Smith a Camp Co.
HOUND FLOOR
LUMBERMENS BUILDINO
FIFTH AND STARK
WAV 5740
flisy
Poim.aMB
san raANCisost
for 1920 of the offices of the county
clerk aJHl county recorder of Linn
county. These fees are an index, it
is said, of the general increase in
business In practically all lines In the
county. The receipts of the clerk's
office were $4414.95 for 1920, as com
pared wth $3366.60 for 1919. These
fiKures do not include receipts for
sources, but only the usual filing1 fees
for the ordinary business of the
office. The recorder's fees for 1920
were $5230. For 1919 the fees of the
recorder's office were $4058.80.
game licenses or other similar 1 in Portland it's The Oregonlan,
Every large city nas one newspaper
which, by universal consent, is the
Want-Ad medium of the community.
nn a a? art-
We Own and Offer FOR IMMEDIATE DELIVERY,
Subject to Prior Sale, the Following Bonds:
Rate Price Yield
Multnomah County, Or., Sch. Dist. No. 2. 6s 100 6.00
City of North Bend, Oregon 6s
City of Sumpter, Oregon 6s
City of Vancouver, L. I. D., Washington. 7s
City of Caldwell, L. L D., Idaho 7s
City of Winnipeg, Canada 5s
Province of Manitoba, Canada 6s
Province of Ontario, Canada 6s
Province of British Columbia, Canada. ... 6s
99
100
100
96.53
94.83
96.68
96.08
7.00
7.00
8.00
7.25
7.30
7.50
Kst. 1881.
" THE HOI Si; Bl lLT SQUARE "
CARSJENS& EARLES. INCORPORATED
National Bank Banding. PORTLAND, V.
Brdvr. 4108.
9. A.
Big St. Louis Bank
Strongly Endorses
Credit Insurance
A well-known St. Louis bank has written
us a letter which we think will be of much
interest to any manufacturer or wholesaler.
Here it is:
."In analyzing the statements of Manufac
turers and Jobbers in connection with ap
plications for bank loans, we pay consider
able attention to the element of Fire In
surance on the property and Life Insurance
on any of the officers or members.
"Inasmuch as the annual turn-over of a
merchant is several times the value of his
stock on hand at any given time, it is also
of vital importance that his credit accounts
be insured against unusual loss through bad
debts.
"We, therefore, have no hesitation in 6tating
that in our opinion a Manufacturer or Job
ber should carry Credit Insurance, and that
his doing so is an important consideration
to a bank."
Bankers appreciate that it takes more skill
to do business successfully .when prices are
falling, as now, than when prices were in
creasing. And they therefore endorse pre
cautions that prevent, else pay, bad debt
losses beyond the normal, which the Amer
ican's "Unlimited-Interim-Payment" Pol
icy does.
Manufacturers and wholesalers, write or
phone for particulars. No obligation.
Payments to PolicyhtUirs about $10,000,000.00
AMERICAN CREDIT-INDEMNITY CO.
Of NEW YORK E.M. TREAT, president
ElSSUCS STANDARD UNLIMITED POLICIES
H. T. MacRILL, General Agent
Board of Trade Bldg. Phone: Main 1179
Portland, Oregon
III . ...
'
HOTEL HOYT
Strictly Fireproof. Near both depot
and convenient car service to
All parte of to city
Single ivoomft Without Bath, $1 and up
bingle Room YVltb bath, $2 and up
KLBKKT S. KOBE. Manager.
LIBERTY AND VICTORY BONDS
Headquarters for buying and sell
ing all Issues. Large or small lots.
HERRIN & RHODES, Inc.
Established 1896
Main 2H3-2X4.
101-2-3-4 Rallsraj Kxcbansce Blag.