THE 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