Morning Oregonian. (Portland, Or.) 1861-1937, January 07, 1921, Image 21

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Morning Oregonian., January 07, 1921, Image 21

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Newspaper Page TextTHE MORNING OREGONIAN; FRIDAY, JANUARY 7, 1921 Tacoraa 653. 0X3 I Spokana 2.1M.352 12.7S0 ' S90.600 POKTLAXD MAKKKT QUOTATIONS TO MILLFEED TRADE Stronger Demand Finds Stocks of All Kinds Light. MARKET ON FIRMER BASIS by Flour Is Also Taken Freely Local Buyers Wheat Higher Following Eastern Advance. A strong demand for millleed baa de veloped of late, and as stocks are small with no prospect of early Increase, the market is la a very firm position. The broadening- of the demand is ascribed to the lower temperature and the prospect of 911X1 colder weather. Flour la also mov ing better. Bakers are placing their usual January orders and in view of the stability of the wheat market, the flour buying- is more confident. Wheat was firm yesterday, and all grades were higher at the Merchants' Ex change session. Hard white and club bids ware advanced 3 cents, soft white 2v3c; hard winter and northern spring, 5c, and red wheat 4c r The coarse cereals were easier and erased 50 cents lower. Broomhall. in his cable, rovlew of the wheat situation, said: "It is true that Argentina Is stlW re fraining from selling, but these growers cannot hold their surplus of wheat indef inltely. Meanwhile, supplies of wheat In th United Kingdom and in France are very liberal .and, tn addition, supplies of wheat in other Importing countries are considered as sufficient. It was a holiday In Argentina yesterday and the Buenos Aires market was closed on tiijieaaay, Argentine prices were firm on short covering, -.hough crops ar practical. y assured. spwu.awrs are in fluencing prices with the pretext of sow ery weatner, which, however, is most favorable for the growing corn crop. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat. Barley. Flour.Oats. Hay Portland Thursday 29 11 Year ago .... 16 ... ft ... Seasun to date. 9030 Vfk Year ago ....5175 138 Taeoma Wednesday .... 2 ... Year ago. ... 17 ... Season to date. 3079 M Year ago 3008 b3 Seattle Wednesday .... 3 ... Year ago .... 27 . . . Season to dale-. it..-.:. 172 Year ago ....3746 179 Grain. Floor, Feed. Etc. Merchants' Exchange, noon session. . Bid Wheat Jan. Hard white J1.63 Soft white 1.5T White club 1.58 Hard winter 1-55 Northern spring.............. 1-55 Bed Walla 1.S2 Oats No. 2 white feed 33.50 No. 2 gray 32.00 Barley Brewing 32.00 Standard feed 31.50 Mlllrun 32.75 Corn No. 3 K. FLOUR Family natents. 18.80: bakers'. $8.75; valley patents, 17.101 whole wheat, 38.20: graham. 36. MILLFEED Prices f. o. b. mill: Mill run. $35 per ton: rolled barley, 154347: rolled oats. $49; scratch fesd. $61 per ton. CORN Whole, $43; cracked. $48 per ton. HAY Buy In it prices, f. o. b. Portland: Alfalfa, $2u-u2i per ton; cheat. S22tf23; elovsr, $20: -.alley timothy, $272S; east ern Oregon timothy, $3. Feb. $1.63 1.38 1.58 1.55 1.55 1.32 34.00 32.00 32.00 31.50 33.00 l STOCK JIUNCE RESUMED t Munich 4a . : Munich 5a i Frankfort 4s.... ; Jap 4s -. I Jap 1st -i - . Jap 2d 4fes i mrm os . IN"lrsTRlALS REGISTER GAEVS U. K. fa, " 1921.' 1 V. K. 58, 1922 OF 2 TO 5 POIXTS. I P- K. 5,s. 1929 - A- INI Liberty- Bonds Are n Demand at Higher Prices Railway Is sues Also Are Strong. NEW YORK, Jan. 6. Stock trading to day was lively and broad and price move- 3 E. T. shipment 34.00 34.00 ments were mainly toward substantially higher levels. Selling to insure profits Ialry and Country Produce. BUTTER Cubes, extras, 454c per lb.; prints, parchment wrapped. In box lots, 49c per lb.; cartons, 50c; half more; butterfat, buying price, 39c per pound at stations; A grade, 40c; B grade, 44c, Portland delivery. EGGS Buying prices, case count. 45c Jobbing price to retailers, candled .ranch, 52653c: selects, 55956c CHEESE Tillamook triplets, price to jobbers, f. o. b. Tillamook. 30c. POULTRY Hens, 25 631c: springs. 23 30c; ducks. 25640c: reese. 32c: turkeys. live, nominal: turkeys, dressed, nominal. PORK Fancy, ;;'-c per pound. VEAL Fancy, 18c per pound. 1SK IS 14 16tt 14 13 5T 3Tfe 73 73 H ". 6 97 8T T 97 94 95 83 88 85 fk 86 TO Swift Co. Stocks. Closing prices for Swift & Co. stocks at Chicago were reported by the Overbeds 4 Looke Co.. of Portland as follows: Swift & Co 104 swut International 29 Llbby, McNeil & Llbby 12 National Leather - Dairy- Produce Markets. SEATTLE. Jan. 6. Eggs Select local ranch, white shells, 54c: pullets, 50c. Butter City creamery, in cubes, 4S4?52c caused occasional reactions, but a strong bricks or prints, 31953c: seconds in cubes E.7505; Jap- 2303 235 300 1 283 1240 1012 3 563 571 13 1O10 827 BITTER WILL BE CllEAPEB TODAY Four-Cent Decline Is Announced by City Creameries. There will be a 4-cent drop In print butter prices this morning as a conse quence of the action taken by Puget sound creameries In lowering their prices. Prints will sell locally at 49 cents in parchment wrappers and 50 cents In cartons. This decline will enable retailers to put out the best grade of butter to their rustomers at 55 cents, which should materially In crease consumption. The buying price of butterfat will be reduced 6 cents, to 39 cents, at country stations. The Portland delivered price on fat will be 46 cents for A grade and 44 cents for B grade. There was not much doing in cubes yes terday, as buyers anticipated an early de dine. Eggs were steady at the previous day's prices, with nearly all the country buying on the basis of 45 cents net Portland. Poultry was in smalt supply and the market was strong. Heavy hens sold at 30 and 31 cents and light hens and spring: at 25 and 27 cents. Other kinds wen nominal. There was an active demand for country dreseed meats, with veal bringing 18 cents and the best pork 16ht cents. Fruits and Vegetables. FRUIT Oranges, nsvels. $3 anese, $3.25 per bundle; lemons. $ 4 75 box: grapefruit. 3.25 Y 3.00 per box: bananas. 12i013VjC oer Dound: grapes. $5.25 lug; apples. S1&3.50 per box: pears, $26 2.20 per box. VEGETABLES Cabbage, l9214c per pound; lettuce, $3.2563.75 per crate: cucumbers, $1.7562 per dozer.; carrots, $1.5061.75 per sack; garlic, 23c; beets. $1.50 sack; eggplant. 20c pound; cauli flower, $263.23 per crate; celery. $56 5.50 per crate; green peppers. 15c per pound; sprouts. 17c per pound; squash, -He per pound; pumpkins. 2Vc per pound, rhubarb, 20c pound; spinach. $1.4061.50 box. POTATOES Oregon. $1.506175 per 100 pounds; Yakima, $202.50; sweet potatoes, 66c per pound, $3.50 per hamper. ONIONS Oregon, $1.50 per sack; Cali fornia brown. $1.5061-75 per sack; Cali fornia yellow, $1.50 per sack. tone prevailed at the close. The advance derived much of Its impt-tus from further accumulations of copper, motor, steel, equipment and ship ping Issues, together with many miscel laneous shares which suffered severely in December, but now are In demand because 01 seemingly improved conditions Other factors came in the day's news, which strengthened the conviction that further downward revision of commodity prices is exerting a more beneficial effect in many lines. Foreign exchange opened strong, but soon yielded much of yesterday's advance, especially British bills. Cables reported the suspension of an international bank in the British metropolis and the failure of a Liverpool cotton firm. For the most part, the sharp rise in foreign remittances Is believed to proceed mainly for specula tive quarters. Dealings in stocks were most active during the final hour under leadership of Crucible Steel, General Asphalt and the rubbers, these and kind.-tl issut-s show Ing net gains of 2 to 5 points. Oils also hardened but were restrained by pressure against Mexican Petroleum, and rails for felted part of their advances. Sales were 925.000 shares. Bonds, notably convertible rails, were active and materially higher, as welt as some foreign issues, particularly the Swiss division. There was a good Inquiry for liberties, most of which closed at gains. Total sales, par value. $18,075,000. Old United States bonds- were unchanged on call. CLOSING STOCK QUOTATIONS. Am Beet Sales, Sug 600 Staple Groceries. Local jobbing quotations: SUGAR Sack basis: Cane granulate 9c per pound; beet, 8.80c per pound. NUTS Walnuts. 22 6 28c: Brazil nuts. 35c: filberts, 21625c; almonds. 26630c: peanuts, 9 6 14c per pound: cocoanuts, $2 per doxen , pecans, 32 635c; chestnuts, 25 633c pound. RICE Blue Bose. 9'ic per pound; Ja pan style, 7c per pound. BEANS Small white, 6c; large white, 6c; pink, 74c; lima, 10c; bayous, l-'.-c; red. 7S4c per pound. COFFEE Roasted, bulk, drums. 31641c per pound: sacked, 22 627c per pound SALT Granulated. bales, 13.506 4.25; half ground, ton. 50s, $19.75; 100s, $18.25: lump rock, $26 50. Provisions. -l OA t.VRJtY-OVKB IS i:ll..-Mi; Large Quantities Imported Compete With Domestic Produt-L in commenting on the large stocks of sugar in the country at the beginning of the year, the Federal Reporter says: "in the past it has not been customary for refiners to have any considerable quan tity of sugar on hand at consignment points during the months of November December. January and February. How- enrer. this year, owing to the hysterical buying which prevailed during the carlv and middle part of the year, we succeeded by outbidding the world in attracting" to our shores some 500.000 to 600.000 tons more sugar than was imported for our domestic requirements during 1919. A goodly portion of this excess supply ar rived during the past few months on a rapidly declining msrket. Holder anx ious to get out with the minimum of loss, havs consigned sugar here Ad there in large quantities, hoping to take advantage of every possible sale, and in this respect they have been active competitors of the domestic cane and beet sugar lnteresta As there Is only a limited amount of busi ness available at this time of the year, this unusual competition has resulted in aa excessive carry-over of domestic crops la 1921." HOP MARKET IS HOLDING 8TEADX Moderate Business Under Hay in Spots axid Contract--. A regular movement continues In the nop taarttet. which bids fair to take care of tie surplus before the season Is over. Seeral hundred bales were purchased Ir, the past week by Smith Ray at 24 and 2$ cents. About 3300 bales of spots re main unsold in Oregon. There Is a Hm Itsd amount of contracting at former tas-rns. Imports into the United States during the month of October last were 457.583 pounds, during September last 675.470 poands. a total for the; two months of 1.133.033 pounds, as against 71.340 pounds -luring the corresponding period in 1919. Aavr km Wheat Kx ports Gain. Wheat shipments for the week compare With the same week last year as follows: Wkend'g Wkend'g oaii. i. i jan. 3. 20. . 9.643.000 -4 ..;.. u yd 4.4.14.000 . . 372.000 1.536.000 112.000 C. S. and Canada. A-rgentina Australia Others Total 10.029.000 10.940.OOO Shiwneots for the season to date make the following comparison: Total since Same period . .. Jynt "SO last season O. S. and Canada. .224. 383.000 188.1S7 000 - .a .-.i-t 't-m Australia 1S.8.14.000 Others 1,888.000 HAMS All sizes. 27ii32c; skinned. Sic: plcDlcs, 20c. BACON Fancy. 40647c: choice. 304732c: standard, 25627c. LARD Pure, tierces, 2c pound; com pound, tierces, 14c. DRY SALT Backs. 21621c; plates, 20c Hides, Pelts. Etc. HIDES Salt hides, all weights, 6c per pound: green hides, all weights, 5c: salt bulls, all weights, 5c, green bulls. 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 coun try hides and skins. Prices for city skins nd hides follow: Calf skins, 10c per pound; kip skins, 8c; city packer hides. green, 6c. I'ELTS Salt pelts, full wool, -25-5 400 each; dry long wool pelts, fine, 7c pound; dry long wool pelts, medium. 6c; dry long wool pelts, coarse, 4c. TALLOW No. 1. 5c: No. 2, 4c pound. CASCARA BARK 1920 peel. 8c pound. WOOL AND MOHAIR Nominal. HOPS 1920 crop, choice, 24625c poun. Oils. LINSEED OIL Raw. In barrels, $1.01; drums. SI. 08; cases, $1.18. Boiled. In bar rels, $1.03; drums, $1.10: cases, Sl.lv TURPENTINE In tanks, $1.41; cases, $1.56. COAL OIL Tank wagons and iron bar rels, 17feo; cases, 30 6 37c FUEL OIL Bulk, $2.35 per barrel. GASOLINE- Tank wagons and Iron bar rels, 29c; cases, 414c. SAN FRANCISCO PRODUCE MARKET rrices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO. Jan. . Butter Ex tras, 47c; prime firsts. 46c. Eggs Fresh extras. 62sc; extra firsts. 62c; extra pullets, 30c; undersized pul- ' Cheese Flats, fancy, 35c; firsts. 3Sc; young America, 31c. Vegetables Eggplant, southern, 7610c; summer squash, nominal; potatoes, street prices, rivers, $1.6561-85; Salinas, S3. 25; swcis Jl.-io-'i 4 tpO: onions. Au.-tralian, 00c 6 $1. green $1.256 1-3-0; beans, 12 4 6 15c; bell peppers, southern, i68c, chile, 466c; uinatu.-.. tu.--i l, lancy ji.jo; cucumbers, hothouse. $16123 dor.: celery, $1.5062.50; cauliflower, 90e6$l dozen; cabbage, lc pound; turnips and carrots, $161.25 sack; beets, $1.50; parsnips, $1.7592: peas. 106 15c; rhubarb. 1262.50; lettuce, $263: artichokes, 70c6$1.23 dozen; spinach, $16 L5t crate. Poultry Hens. 31 634c; strictly young roosters, 30 633c, eld 21022c; fryers, 406 43c; broilers, 436 30c: ducks. 28 6 32c. squabs, 70 6 75c; Belgian hares, live, 22 6 24c: turkey, dressed, 52 6 56c. Fruit Navel oranges, ISJWBfftBa: lem ons, $262.50; lemonettes, $1.5062; grape fruit, new crop, t2.30o3. Arizona 13.500 4.23: limes, $1 2361 75 half orange box; mandarines and tangerines, $263; ap ples, Newtowns, $1.90 6 2 2o: pears. Winter Nellls. $264: bananas. 8610c. Rece.pts Flour 4261 quarters; whe-a; 2320 centals; barley 1334 centals; oats 1643 centals: beans tx- sacks; corn 850 centals; potatoes 3044 sacks; hay 60 tons; ..r. on 3vli sacss; n.aee 08 ro.is; live stock 341 head. 4.000 1,300 3.600 4,300 4,000 8.200 1.300 2.300 1,500 2,400 5.000 1.700 o.lOO High. 47 1 27 H 48 42 f4 84 38 92 Vi 77 98 64 38 84 73 89 34) 57 14 Low. 46 26 121 40 40 83 38 91 77 7 ei American Can 3,800 Am Car 4 Fdy 1,700 Am H & L Pfd 1.100 Am Inter Corp 9.S00 American Loco 1,400 Am Smt & Rfg 1.400 American Sug 1,400 Am Sum Toh 500 Am Tel & Tel 3.500 Ameri Woolen ll.SOO Am Z L 4 S 500 Anaconda Cop 8,800 Atchison 1.000 At Gf & W In 16,100 Baldwin Loco 26,700 Haiti 4 Ohio 4,000 Bethle Steel B But 4 Sup Cop Cal Petroleum Canadian Paci Centrl Leather Chandler Mtrs Ches 4 Ohio Chi Mil 4 St P ChiCgo 4 N W Chi R I 4 Pac Chino Copper. . tolo Ft 4 Iron Corn Products Crucible Steel 33.000 Cuba Cane Sug 1.600 Brie 800 Generl Electric 3.400 Generl Motors 47.S00 Grt Nor Pfd 3.20O Illinois Central lnspir Copper Int Me Ma Pfd Interna Nlckei Interna Paper Kan Cty South Kenne Copper Louis 4 Nash Mex Petroleum 32,800 Miami Copper 1,'JOO Mid States Oil Midvale Steel Missouri Paclf Nevada Copper New York Cen N Y N H 4 H Nor & Western Northern Pacif Ok Prd 4 Rfe Pan-Am Petrol 10.500 Pennsylvania. . 2,000 Pitts & W Va 300 Ray Con Cop 6.100 Reading 8.000 Rep Ir 4 Steel 5,000 Royal D N Y 9.100 Shat Ariz Cop 500 Shell TV 4 Td 800 Sin Oil 4 Rfg 23.300 Southern Paci 13,300 Southern Rwy 2,600 S O B J t Id l.wu Studebak Corp 19.900 Texas comrany 6.100 Texas 4 pacll -w Touaoco Pdts 2.700 Transcontl Oil 4.900 Union Pacific 3.200 0 S Food Pdts 1.800, U S Ind Alchl 1.000 U S Rtl Stores 4.800 United Sts R 17.500 United Sts Stl 29.200 D S Steel Pin ouu rtah Copper. . 9.700 West Electric 200 Willys - Overld 17.300 BONDS. U S Lib 3s.. .92.60,Atch gen 4s 300 8,300 1,100 7,700 4,100 400 5,500 100 9400 3.000 2,000 3. $00 2.100 2,500 300 2,600 100 117 40 69 61 29 68 27 23 3D 68 85 23 14 121 15 35 53 16 46 20 "4 20'A 102 i .v.- 19 14 31 20 11 72 19 101 83 3 74 41 30 14 83 65 66 Oli 44 23 100 23. io.-. 49 44 'i 16 55 120 66 --.5 69 82 100 53 44 8 37 S3 89 86 35 56 13 26 115 38 66 60 28 67 26 22 28 66 80 22 14 121 14 75 .IS 34 52 13 44 '4 19 19 102 150 18 13 31 19 11 71 1S 100 81 3 71 41 29 1814 82 64 64 6 43 99 22'. 10514 47 43 16 34 8 118 j 22 65 55 64 81 44 6 Last sale. 47 -'. J4 123 48 41!4 84 33 92 77 9SV5 63 8 38 84 73 son 36 37 14 27 117 40 68 61 29 30 68 84 23 7i 14 121 15 76 88 35 33 15 46 20 20 102 154 19 14 31 20 11 72 19 101 83 3 73 41 30 13 83 65 66 44 . 23 :' "a 23 10.-. 49 44 16 or. 1 1 8 120 22 66 55 68 82 iOH 54 44 421 bricks. 43 6 44c; country creamery. extras cost to jobbers in cubes, 46c; stor age 44 6 45c. NEW YORK, Jan. 6. Butter steady, un changed Eggs Irregular, fresh j gathered extra firsts. 60667c; ditto firsts, tH06oc Cheese Steady, unchanged. CATTLE DEMAND SLACKER PRICES ARE BARELY STKATOT AT XORTH PORTLAXB. Hogs, Sheep and Lambs Are Un changed Beef Material Goes to California. There was a liberal run of 21 loads of stock at the yards yesterday, but 14 loads or cattle among the arrivals went through to California. The market was fairly ac tive and prices were steady on everything except In the cattle division. In this line the demand was not very keen and values were barely maintained. It would take strictly prime cattle to bring the prices quoted. The bent hoss acaln broach t $ll.3r. Trading was limited- in the sheep and lamb markets. Receipts were 47U cattle, 335 hogs and 124 sheep. The day's sales were as follows: 13 steers. 1 steer. . TARIFF POSSIBHITY CATTSES ADVANCE ZH WHEAT. Bear Side Deserted by Traders at Chicago Canadian Grain -May Be Shut Out. Wt Price. I Wt Price. HID) 3.50 1 bog '380 t D.OU 930 6.251 1 hog 300 9.50 1110 8.35121 hogs 177 12.35 993 7.50 1 hog 150 7.00 920 6.00 14 hogs 157 12.50 660 5.00 6 hogs 186 12.00 780 6.50 1 hog 240 11.50 1010 5.73 1 hog 270 10.00 810 5.75 1 hog 380 8.50 700 2.25 a hogs 170 12.00 790 2.00 2 hogs 240 12.00 1020 5.00 2 hogs 270 10.00 916 4.00 89 hogs 195 12.00 680 2.50 2 hogs 185 12.00 1004 5.50 1 hog 360 1S.0O 1055 5.00 74 hogs 187 12.35 110 10.00 2 hogs 580 9.35 100 rO.OO 6 hogs 403 11.00 118 13.00 5 hogs 236 12.00 100 12.50 2 hogs 355 10.00 lltW 4.00 Ohogs 365 10.00 1450 5.50 80 hogs 193 12.00 1500 5.50 7 hogs 395 10.00 1530 5.75 10 hogs 126 11.00 200 11.00 7 hogs 840 10.85 300 9.50 40 hogs 200 12.00 225 12,00 2 hogs .... 490 9.00 178 12.50 2 lambs. ...150 5.50 495 8.25 7.1 lambs. .. SI 9.50 410 9.0047 lambs. .. 72 7.50 76 10.751 2 mixed... 120 4.50 158 11.751 6 steers. 1 cow . ... 1 cow. . .. 1 cow .... 1 cow... . 1 cow. . .. 1 cow. . .. 1 cow. . .. 1 cow. . .. 6 cows. .. 1 cow. . .. 7 cows. .. 2 cows. .. 1 calf. . . 1 calf. .. 8 calves. 1 calf. . . 2 bulls. .. 1 bull. .. 1 bull. ., 1 hog. . . 1 hog. . . 2 hogs. .. 6 hogs. .. 2 hogs. .. 1 hog. . . 3 hogs. .. 11 hogs. .. The following prices are current at the local vards: Cattle Choice steers Good to choice steers .... Medium to choice steers. . Fair to good steers Common to good steers . . Choice cows and heifers . . Good to choice cows, heifers Medium to good cows. Mir to medium cows. Common to fair cows, Canners ... Bulls Cnoice dairy calves .. Prime light calves . . Heavy calves Best feeders Fair to good feeders Hogs Prime mixed ........ Smooth heavy Rough heavy Fat pigs heifers heifers heifers Prices. 1 8.500 9.25 8.00 8.50 7.50 0 8.00 6 50 7.50 5.50 6.50 ..00 T.-iO 6 25 7.0 5.50W 6.00 5.00 5.56 l uoti' 5.00 2.50& 8.0 5 00 6.0U 12.00 13 00 10.00 12 00 6.00 7.50 6.75 7.2J 0.75 6.75 1 2 O0 -812.35 11.50 12.06 7.50'n 10.35 10.00 11.00 CHICAGO. Jan. 6. Belief that an emergency tariff on grain was certain led to a quick jump today In the value of wheat. Prices closed buoyant, 3c to 4tc net higher, with ilarch $1.73 to $1.74 and May $1.67 to . Corn fthlshed at c to lHo advance, oats unchanged to -c up, and provisions 15c to 30c up. At first wheat showed depression as a result of the failure of the British Ameri can Continental bank In London. Decline!, however, were checked because sterling exchange was up. For a while trauers showed a disposition to go slow. Then came news that Senator Penrose had an nounced an intention to support the en actment of ail emergency tariff. A wild rush to the bull side followed, shorts taking it for granted that the success of the bill had been practically assuroa. Including a substantial duty likely to shut out Canadian wheat largely, If not alto gether. Corn and oats swayed with wheat, out. kept within a narrower range. Liberal receipts of corn counted as something of an offset to the bullish Influence of wheat. Provisions rallied with grain. The r,iracr. market letter received yes terday by Overbeck & Cooks company of Portland said: wheat fluctuated in an irregular man ner earlv in the dav. having a weak tone about noon, only to be followed by a sharp upturn toward the close, accompanied oy extensive short covering, due to the an nouncement from Washington that a lead ing senator had announced his willingness to withdraw opposition to the passage of the emergencv tariff bill, which Is de- Rie-ned to restrict Importations of foreign grain and commodities. Although the British commission was reported out of the market and up to the close there was no business confirmed, it was intimated that some buying had taken place on the decline. As an offset to this, however, -hor hAA been rumblings the past few days of offers to resell by exporters, which is the direct antithesis of that upon which those bullishly Inclined base their Ideas, namely, that export buying in this coun try will continue. Corn had a weak tone until late in the day when short covering was inspired by the strength in wheat. There were also some reports of expert buying of corn, although the amount taken so far has not been large enough to be a market factor. Cash prices were a quarter to a half higher. Oats This market was under pressure before midday, but recovered with wheat and corn. Provisions started weak, but firmed on local buying, which had the appearance of being for short account. Cash trade continues poontand is against constructive endeavors. The leading futures ranged as follows: WHEAT. Open. High. March ..$1.68 $1.74 ft ioi-. CORN. .75 May 1.63 Low. $1.67 Vi 1.61 ii Close. $1.73 1.67 U May .... July .74 .73 .74 .7.1 .76 May ... July . . . Jan. .48 .4S pigs 8.00610.M 9.50610.23 9.00 9.50 7.00 8.50 6.00 7.00 5.00 6.00 7.00 8.00 6.00 7.00 ' do 1st 4s 87.00 D & R G con 4s B3H do 2d 4s 86.70 N Y C deb bs... 71 do 1st 4s. . .87.40JN P 4s 77 do 2d 4 Us. . .87.02 N P 3s 55 do 3d 4Us 90.30 Pac T & T 5s. . 80 do 4th 4s. ..87.26!Pa Con 4s '88 Victory 3b ...96.86;S P cv 5s 99 Do 4s 96.00 So By 5s 86 U S 2s coupon. tlOl iU P 4s 82 V S cv 4s cpn'U06 U S Steel 5s 93 A ItTcv 6s.. 96i Bid; toffered. 00.184.000 36.O47.0O0 1 S12.000 22.57LOOO 336.230,006 First Tina, h Is Received. The first Walls Walla spinach made Its appearance on the street yesterday and old at $1.4001 50 a box. Hothouse rhu barb was received from Canby and brought 2T cents a pound. Among the receipts from California was a car of sweet pota toes. Jobbing prices were unchanged. Bank Clemringa. Bank clearings of the northwest em cities yesterday ware aa follows: Clearings. Balances Pfr-.t-.nd t4.Tl.!Mj $ 54.1.392 .... MU.77. 8.04a Coffee Futures Irregular. NEW YORK. Jan. 6. The market for coffee futures was qule-t today, and fluc tuations rather Irregular, an opening de cline being followed by rallies. First prices were 5 to 11 poll's lower, owing to renorts of unsettled condition- in Bra- silia-n markets, with March selling off to 6.30o and May 6 03c. There was no great pressure of otferings. however, and prices ater rallied on covering which was prob ahiv inspired on the better tone of sterling exchange and the improved tone reported in stocks of cotton. The general market closed 2 points higher to 8 points lower. Closing bids: January 5.84c, March 6.34.. May 6.7-3C. Jury i.ioc, aepleniber t.40c, October 7.52c, Decemiber 7 76c Spot coffee was reported in better de mand at 6c to 6c for Rio 7s, and 8c to 9c for Santos 4a Naval Stares. SAVANNAH. Ga.. Jan. 0. Turpentine, quiet, 9'JSc; no sales. Receipts. 24 bar rels; shipments. ... oarrels; stock. i3,iK6 barrels. Rosin Quiet. No sales. Receipts. 283 barrels; shipments. 99 barrels: stock. 85,- 365 barrels. Quote: B. D. E, F. G," H, K. M. N. WGWW. $11.00 Metal Market. NEW YORK. Jan. 6. Iron, nominal. No. 2. southern. $31.00933.00. Tin Firm. Spot. 3S8S.50c; futures. 38.75S?3fl.23c. Antimony 5.205.2Sc. Zinc Steady. East St. Louis spot. 5.30 5.62c. Other metals uncharged. Toklo Silk Market Reopens. TOKIO. Jan. 6. The silk market re opened today. Trading, was dull, with quotations falling. Few transactions were recorded. Dried Fruit at New York. NEW YORK, Jaa. 6. Evaporated ap ples, dull. Prunes Inactive. Peaches Quiet. New York Sugar Market. NEW YORK, Jan. 6 Raw sugar: Cen trifugal, iXc; refined granulated, 2.10 Mining Stocks at Boston. BOSTON, Jan. 6. Closing quotations: AHouex 21 INorth Butte ... 10 Arts Com 8 lOld Dom 19 Calu el Arls... 45 '4 Osceola 28 Calu & Hecla. .250 IQulncy 38 Centennial 7 'Superior 3 Cop Range ... 29 Sup & Boston... 1 East Butte ... 8fShannon 1 Franklin 2:ltah Con 3 Isle Royalle ... 18 Winona 40 Lake Copper... 2 Wolverine 12 Mohawk 47 Graaby Con. ... 22 Money, Silver, Etc. NEW YORK, Jan. 6. Prime mercantile paper unchanged. Time loans steady, unchanged. Bar silver Domestic unchanged; foreign 68 c. Mexican dollars, 52 LONDON, Jan. 6. Bar silver unchanged. Money. 4 per cent. Discount rates Short bills unchanged; three months' bills, 6 per cent. Feed Shee East-of-mountain lambs ... Valley lambs .......7 Heavy lambs. 90 lbs. and up Feeder lambs Cull lambs Light yearlings Heavy yearlings Wethers 6.00 6.50 Ewes 1.00 4.00 Chicago Livestock Market. CHICAGO, Jan. 6. Cattle Receipts 15. 000. Beef steers generally steady; spots strong to higher early. Top. $11.50. bulk $8.6O10.25; butcher stock opened steady, but undertone weak; bulls, $5.50 7; calves steady, bulk, $1212.25; bulls, stockers and feeders steady; bolognas mostly $5.50 6.25. Hogs Receipts 51.000. Fairly active. Steady to 10 cents lower than yesterday's average. Top, $9.90, bulk 19.25 9.75; pigs. 10 cents lower than yesterdays average, bulk desirable 90 to 130 pounds, $9.75 9.90. Sheep Receipts 12,000. Sheep and lambs 50 to 75 cents higher. Top lambs, $12.15, bulk $1112; best ewes, $5, bulk $45; feeders steady. .49 .4S $24.00 13.10 18.80 11.77 12.47 2 bard, yellow. 47Vi98c; No. 3 Foreign Exchange. Foreign exchange rates at close of busl nes yesterday., furnished by Northwestern National bank of Portland. The amount quoted is the equivalent in United States dollars: Austria, kronen $.0020 Belgium, franca 0633 Bulgaria, leva. 0113 Ciecho-Slovakla. kronen. 0118 Denmark, kroner 1630 England, pound sterling. 3.65O0 Finland, finmark 0318 France, francs 0601 Germany, marks 0141 Greece, tfrachmas 0740 Holland, guilders 3195 Hungary, kronen. uu- Italy, lire 0852 Norway, kroner. 1620 Jugo-Slavia, kronen 0070 Portugal, escudos 1105 Roumanla. lei, 0132 Serbia, dlnara 0275 Spain, pesetas 1840 Sweden, kroner. 2070 Switzerland, francs, 1350 China -Hongkong. local currency oouu Shanghai, taels 7850 Japan, yen, NEW YORK. Jan. 6. Exchange firm. sterling, demand j.i.Rj , caDtes J.twj francs, demand 5.98, cables 6.00; Belgian francs, demand 6.28, cables 630; guilders. demand 31.90, cables 32.00; lira, demand 3.50. cables 3.52; marks, demand 1.38, cables 1.39; Greece, demand 7.30; Mont real 14 3-8 per cent discount Sterling declined in the late dealings; demand $3.60; Foreign Bonds. Following foreign bond quotations are Omaha Livestock Market. OMAHA, Jan. 6. Hogs Receipts 9000. Few early sales 10 cents lower, mostly ac tive, fully steady. Bulk medium and light butchers, $9.109.2O, top $9.23: bulk strong weight and packing grades, js.b.-. 'gfv. Cattle Receipts 13,000. Beef steers steady, early top $9.60; tuitcher stock steady to 25 cents lower, bulk cows and heifers, $56 6.50; veals strong, top $10.50: stockers and feeders steady to strong. Sheep Receipts 4000. Active, both pack ers and shippers operating: lambs and yearlings 25 and 50 cents higher. Bulk lambs $10.5011.25. early top $11.40, some held higher; best yearlings, 93 pounds. $8.75; sheep 15 and 25 cents higher, bulk ewes, $3.754.25, top $4-40; few feeders here. OATS. .49 .48 .48 .47 PORK. .. $ $ T.lRn Jan. , 12 90 13. 1 Iw May , , - - 1. lo.au io.w RIBS. Jan 11-43 M.v 12.15 12.47 12.13 Cash prices wery as iv..j"b. Wheat No. 3 red. $1.88; No. $1.82. Corn No. 2 mixed, 71c; No. 1 74 e. Oats No. 2 white, white, 45 47c. Rye No. 2. $1 59. Barley $3.30 B-6.7J Timothy $5.306.75. Clovei $I323. Pork Nominal. Lard $12.50. Ribs $11 12.25. Primary Receipts. CHICAGO, Jan. 6. Primary receipts Wheat 753,000 bushels versus 671,000 bush els corn 1.010.000 bushels versus 6i,000 bus'els; oats, 386,000 bushels versus 565.000 bushels. Shipments Wheat, 602.000 bushels versus 667 000 bushels; corn, 453,000 bushels ver sus 405.000 bushels: oats, 306,000 bushels versus 551.000 bushels. Winnipeg Grain Market. WINNIPEG. Jan. 6. Wheat dosed May $1.89. Oats closed 37c. Kye May $1.66 Minneapolis Grain Market. MINNEAPOLIS, Jan. 6. Barley, 51 75c; flax. No. 1. $1.98 1.99. Grain at San Francisco. SAN FRANCISCO. Cal., Jan. 6. Grain- Wheat $2.75:..05; barley, spot teeo. i.ou 1.60; shipping, $1.751.90. oats, red feed, $1.501.75: corn, white Egyptian, $33.00; red milo, $2.752.80. Hay Fancy wheat, $2021; tame oat. $1S20; wild oat. $12lk barley. $12 15; alfalfa. $1821. - Seattle Grain Market. SEATTLE. Jan. 6. Wheat Hard wjllte. soft white and white club, $1.60; hard red winter, soft red winter, northern spring and eastern red" Walla, $1.58; Big Bend bluestem. $1.68. City delivery: Feed Scratch feed. J62 ton; feed wheat, $63; all-grain chop, $52; oats, $49; sprouting oau, $54; nlled oats, $51; whole corn, 49; cracked corn, 51; rolled barley, $51; clipped barley, 156: millleed. 63; bran, $39. Hay Alfalfa. $30 ton; double compressed alfalfa. $35; double compressed timothy, $40; Eastern Washington mixed, $20. , Dulutu Linseed Market. DULTJTH, Jan. 6. Linseed on track and arrive, $2.01. Cotton Market. NEW YORK, Jan. 8. Cotton Spot, steady. Middling, 16.50c. DELAYED ARREST MADE $100 Fine Given Mam vTk Fails to Keep His Promise. EUGENE. Or., Jan. 6. (Special.) George R. Turner, wanted, here for more than a year and a half on a charge of being intoxicated on a pub lic highway, was arrested at Marcola yesterday. He was fined $100. Turner was with Walter Price of Marcola, one night a year ago last June in a car when they were ar rested on a charge of being drunk. Their car ran into a horse vehicle near Eugene and threw the occupants out but did not injure them badly. Price and Turner promised Sheriff Stlckels that they would appear in court the next day and Price kept his promise, but Turner disappeared. .He came back to Marcola a few days ago. Turner pleaded guilty to the charge against him, and having no money with which to pay a fine was locked up in Jail for 50 days. OREGON SEEKS CHEMIST Vacancy Made at University by Departure of Instructor. UNTVERSITY OF OREGON. Eugene, Jan. 6. (Special.) There is now a vacancy in the university chemistry department caused by the resignation of Dt. Howard I. Cole, who went to Manila as organic research chemist, stated Dr. F. L. Shinn, head of the department. Although an application has been received from Werner W. Daercker. a graduate of the University of Wis consin, it ia thought he may not ac cept the position, which has been granted him, because it is only tem porary. In case no instructor can be obtained. Dr. Shinn will take charge of all the class work, and William Skidmore, laboratory assist ant, wHl direct the laboratory work. Bond Department COWLITZ COUNTY, WN. DIKING DIST. 11 7 Coupon Bonds Price 100 Yield A STRONG BOND BECAUSE INCOME TAX EXEMPT LEGAL INVESTMENT FOR TRUST FUNDS AND SAVINGS BANKS IN ORE. AND WASH. PRINCIPAL AND INT. PAYABLE BY TAXES. DISTRICT IS WELL IMPROVED AND INCLUDES TOWN OF WOODLAND. 7 MATURITIES EST. 1929-36 DEN. $100, $500, $1000 Semi-annual interest. Aside from this issue the district has no other bonded debt. Included in the district is the entire town of Woodland. WRITE OR CALL FOR OUR JANUARY LIST OF MUNICIPAL AND CORPORATION BONDS. YIELDS RANGE TO 8.10 lumbermen $ Trust company Broadway and Oak BANDON POSTMASTER DIES Illness of Four Weeks Fatal to Former Legation Member. B.VNDOX, Or., Jan. 6. (Special.) R. E. I Bedillion, postmaster of this city, died at a local hospital yester day, after an illness of four weeks. He was prominent in public affairs in Coos county- and in 1909 was a mem ber of the Oregon legislature. He was an influential member of the demo cratic party and was a close per sonal friend of Senator Chamberlain. The funeral will be held here Sun day under the direction of the Knights of Pythias, of which order he was a member for 34 years. Special boat service will be conducted on the Coquille river for those coming to and from the funeral. Five Candidates in Field. AX.BANT, Or., Jan. 6. (Special.) Five candidates are in the field for the office of superintendent of streets of Albany for 19il. The selection will be made by the new city council In Its first regular meeting; January 12. Glen M. Junk in, the present "su perintendent, is a candidate for re election and the other aspirants aro J. A Dumond. E. I Umphrey, iV I Ries and William Morgan. Garfield Grange Installs Officers. ESTACADA, Or., Jan. . (Special.) Garfield grange has Installed the following officers:. Master, C. H. Duncan; overseer, W. S. Davis; lec turer, Mrs. Davison; secretary, Mrs. H. B. Davis. The grange nearly doubled its membership during the past year. Kansas City Livestock Market KANSAS CITY. Jan 6. Cattle Re ceipts, 500. Beef steers and butcher stock steady to 25c higher; top steers. $10.00; choice cows, $7.39; good heifers, $7.5007.65; other classes-steady ; canners mostly $3.003.25; bulk desirable vealers. $12.00. Sheep Receipts. 5000. Futty 25c higher; ewes. $4.50; lambs. 25040c higher; eight carloads Colorado lambs, $10.75. Seattle Livestock Market. SEATTLE, Jar.. 6. Hogs Receipts, 80. Prime. $12,00412.50; smooth heavies. $11. U0M 12.00; rough heavies. $9.009.50; pigs. $9411. Cattle Receipts. 14. Firm. Prima steers, $S.759.26: medium to choice, $7.008.2; common to good, $6.0067.00; best cows and heifers. $7.0007.50; medi um to choice. $5.5006.50; common to good. $4.00-35.30: bulls. $4.0006.00; calves. $7.00 013.00. ! furnished by the Overbeck A Cooke Co. of Portland : Russian 5is, 1S21 11 13 Russian 5VU. 1926 5ft Tit Russian 6V4s. 11 12 15 Currency 45 52 French 5s, 1981 49 61 French 4s. 1917 41 42 French 5s, 1920 57 594 Italian 5s. 1918 26 28 British 5s, 1922 350 308 British as, 1927 335 151 British 5s. 1939 335 351 British vky 4s 247 265 British) rf 4s 232 248 Belgium rest 5s. 55 59 Belgium prem. 5s 58 61 Herman W. L. 5s lOfc 11 Berlin 4s 12 14 Hamburg 4s 12 14 Hamburg 4a 12 14 Lelpslc 4a 12 15 LeipsjC fa. hi ii in in, Sm.' U PORT OF ASTORIA 9-12-year 6 Gold Harbor Improvement Bonds at 98.23 to Yield 6 Details upon request. FREEMAN, iSjp SM,TH SROUND FLOOW CAMP L.UMSZKMINS Building Fifth AMD OraBK CO. iTUt STSO We Suggest Standard Oil COMPANY of CALIFORNIA 10-YEAR Seven Per Cent Debentures Ask for Circular G.E.MILLER &. COMPANY ssr-K?' bonds CORPORATION i-J Vl 1 UJ TELEPHONE MAIN -4-195 2.04 56 NorthwestemLVmk Building Cbnssfvativ Custodian Chats The ambition of the Hibernia is not to be the largest bank, but to be the safest; not the fastest growing, but the most accommodating. F ORTLAND , OREGON FACTS JiO. 801. Local Service Wo have operated for over ten years in Portland a thorough ly equipped Laboratory, lo cated at East Salmon and Water streets, where from 50 to 100 samples daily are test ed from all parts of the northwest, and from which, as a center, a corps of ins-pectors and engineers, whose fam ilies live in Portland, travel over the northwest as far east as North Dakota, and as far south as Arizona. The local service in connec tion with the construction of our WARRENITE BITULITHIC Roads and Streets Ia PAVIXG INSURANCE. UABBI, BOOS. C01LPAX1. Attractive Issues offering attractive yields dom inate our January purchase sheet. For first-of-the-year invest ment this list should prove of value. Will be mailed when issued upon request for P-360. The National City Company Correspondent Offices In Over SO Cities. Portland Yeon BIdg. Telephone Main 6072 Seattle 202 Hoge Building. HOME INVESTMENTS Our First Mortgage Gold Notes secured by real estate of our great Pacific Northwest are mortgages in safety and bonds in convenience. They are the latest development in mortgage lending. All essential documents are here for your inspection or for immedi ate delivery to the investor. Ask for booklet and list of at tractive offerings. Western Bond & Mortgage Company Mala 113 80 Fourth St. LIBERTY AND VICTORY BONDS Headquarters for buying and sell ing all issues. Large or small lots. HERREN & RHODES, Inc. Established 1896. Main 383-284. 201-2-3-4 Rails-ray Exchange Bldg. Investment Opportunities of Today You' have opportunity today to place your funds where your income is certain and your principal is safe. Sound investments create wealth. You benefit by the prosperity your investments produce. Call, write or phone for details concerning any of these sound securities. Dud- Yield State of Oregon 5V2s. ., . .1949 5.20 Yakima Co., Wash., Gen'l Obli gation 6s 1936 6.00 Yakima Co., Wash., Drainage District 7s 1922-1936 7.00 Miller & Lux, Inc., 7s 1930 7.00 Pacific Tel. & TeL Co. 5s 1937 7.00 Pac Gas & Elec. Gen. and Ref. 5s 1942 7.10 Grand Trunk Pac Railroad Guar. 4s 1939 7.50 Pacific Pr. & Lt Co. First 5s. ..... 1 930 8.00', i 1100 denominations. Blyth, Witter. &Ca assiBasB---M-i-iMMa-a---M-a-M--s-a--a-BSass-a( Halted States Gsvernment. Municipal and Corpora tim Bonds TBOJT BT7tLtmG, PORTLAXD FBOnH MAIN 8183 r York. Seattle Los li-.lw The Board of Directors of a going Oregon Corporation has decided to syndicate a block of stock, the returns on which will be used to increase the production of their factory. There will be no commissions paid on the sale of this stock. Every dollar will go to the expansion. Money paid in will be put in trust until full syndicate is completed. Are you willing to come in on this syndi cate and insure the greater success of an Oregon industry? A full investigation of the books and the Company may be had upon application. Subscriptions received $250.00 and up. Address BC 289, Oregonian. HI "The House Built Square" we offer, subject to prior sale $500,000.00 STATE OF OREGON 4i3 HIGHWAY BONDS Dated January 1, 1921 Due Serially 1928-45 PRICE TO NET FROM 5.10 TO 5.60 according to maturity. f ARSTENS & RARLES, INCORPORATED Ssn J Fit II ciaic o EatablUbed 1881. NunJciMl and (murnrtlftn J L. H. National Bonk Bids. Portlnnd, Oregon, Bnlw. 4108. Spokane