THE MORNING OREGOXTAX, FRIDAY. JAXTJART 14, 1921
21
WHEAT SURPLUS CUT
TO SILL AMOUNT
1
American Crop May Have
Been Oversold to Europe.
at H03.1S and extra fancy Newtowni at
S1.7SV2.
-orth western fruit sold to Jobbers at
Chicago at the following- prices: Jona
than, extra fancy, all sizes, I2S2 75;
Romes, extra fancy medium to large,
$36325; small to medium. $2.2562.75;
Spitxenbergs. extra fancy medium to large.
$303.50; email to medium. 12.5002.75:
W. W. Pearmaina extra fancy medium to
large. 12.5003; small to medium. $202.50;
Winter Bananas, extra fancy medium to
lrge. $2.500 2.75.
LIGHT CARRYOVER CERTAIN
Kxport Figures Only 8,575,000
J 1 1 1 - i i . I - Ava I lable tor Export,
After Providing Safe Reserve.
The possibility that the American wheat
erou has been oversold has agitated the
pr...n trade for some time past and h
been a prominent factor at times in lm
parting ntrenth to the market. A strong
presentation of the statistical position of
Wheat by the Concrete Elevator company
a Minneapolis concern, interests growers
wild dealer alike. The elevator company
pays in its market letter:
"If statistics ever counted for anything:,
the-- is but one answer to the following
figures:
Bushels.
Wheat crop, 1920 790,000.000
Old wheat on hand July 1. '20. . . lu.0O0,0O0
Total supply ttiU.OOO.OOO
Home needs (bread and seed) . .030.000,000
Bscrv 100.000,000
Total requirements ....
Exportable surplus
Kxportud to Iecember 31,
730,000.000
JO.OOO.OOO
1920. -ai. 425.000
Balance for 6 months' export. 8.575.000
"Taking into consideration the fact that
there was on December 81 approximately
21. 000,000 bushels at seaboard and gulf
ports presumably for export, and deduct
ing 8.575,000 bushels, which Is the avail
able for export over the 100,000,000-buahel
reserve, and presuming that we would ex
port no more wheat than is at export
ports, would leave only 87.575,000 bushels
for a carry-over, while last year we car
Tied over 160,01)0.000 bushels."
WTTKAT BUYING ON LARGER SCALE
About 2,000,000 Bushels Change Hands in
Last M eek.
All wheat bids were unchanged on the
local board yesterday, notwithstanding
prices closed 2 3 c lower at Chicago
There has been an active buying move
ment throughout the interior and fully
2.000,000 bushels of wheat have changed
hands in the last week.
The coarse-grain trade was quiet. Corn
bids were reduced $1 and February white
cats were raised 50c. Other bids were the
aame as on Wednesday.
Eastern advices reported export wheat
aales of 150.000 bushels and seaboard sales
fof 300,000 bushels of corn. Italy is offer
ing to resell durum wheat.
A New York wire said: "A late cable
aays the president of the Argentine re
public will present a proposition to Le
senate on the 17th of this month recom
mending that exports of wheat be subject
to a surtax of three Argentine gold dol
lars per 1000 kilos. This would figure
out at about 6Vjc a bushel on the prevail
ing rate of exchange. In connection wijh
this exporters lave been sellinc wheat
Options."
Terminal receipts 1n cars are reported
by the Merchants Exchange as follows:
Portland Wheat Barky Flour Oats Hav
Thursday
Year in,
Season to date.
Year ago
Ta co ma
Wednesday ...
Year ago
Season to date.
Year ago
Seattle
Wednesday ...
Year ago
Season to date.
Year ago
59
25
93 1 a
.5324
9
. 53
.3119
.4200
173
14t
1
i
36
475
2410
6
5S3
295
JT7
1
75
132
12
3132
174
191
456
2R9
481
4
1299
1U5U
576
5S9
102H
803
OrKN TRADE IX AMERICAN AITI.LS.
All British Restrictions Will be Removed
March 31.
SM tsruisn iooa ministry will remove
Tl restrictions n the Importation and
sale of apples on March 31. The selling
price or American apples on British mar
kets for the week ended January 10.
according to the American agricultural
trade commissioner at London, were
follows, conversions made at the rate of
exchange prevailing, a shilling equal
18.673 cents:
London Oregon Jonathans XF brought
PM per box. C grade, $2.6102.80 per
box ; Washington Jonathans and wine
aaps ranged $2.99 1 3.17 per box. All
grades Oregon New towns ranged $3.92 &
4 67 pot box; SpUzenbcrgs brought $2.90
1.36 per box. Barreled wlnesaps sold at
$8.40 per barrel.
Manchester -Barreled Baldwins sold at
$4.72 per barrel. Rhode Island Greening?
ranged $tut. o ..10. Ben Davis from $5.60
to $0.26 per barrel.
Glasgow Baldwins, Rhode Island
Greenings and Ben Davis' ranged 53.74
a. 00 per barrel. Some York 1 mperials,
poor condition, ranged $4.6708.22, New
towns brought $10.27, Baldwins ranged
$7.478.40 per barrel, Rhode Island
Greenings $7.tM8.40, Ben Davis $5,609
T.47. Wlnesaps and Romea $8.40&S.S7 per
barrel.
Liverpool York Imperials sold at $4.6
? 7 4 7 per barrel; Baldwins. $3. 60 6. 44 ;
Rhode Island Greenings, 5.4Tr7.M: Ben
Davis. $5.6040.44 per barrel. Boxed
Romea brought $2.61 ? 2.99 and wlnesaps
$2. SO tr 3.45 per box.
Birmingham York Imperials ranged
$0.34 9.52 per barrel.
Bristol York Imperials brought $S.40
OV-34.
Hull Boxed York Imperials ranged
$3. 30(4' 3.64 per box.
On January 1, there were afloat for
the United Kingdom 31.000 barrels and
65,000 boxes of apples.
BUTTER DECLINES AGAIN TODAY.
Two-cent Drop In Print Price Announced
by Cresuneriea.
A 2-eent decline In butter will go into
effect this morning, city creameries an
nounced. Prjnts will be listed on the
box lot basis of 47 cents for plain wrapped.
The buying price of butterfat will be
reduced 1 cent. In view of the decline,
there was practically no trading in cubes
yesterday.
There has been no oversupply of butter
here to warrant a drop, but the change
was made necessary by a 3-cent decline
at Seattle yesterday. It Is understood
that the northern cut was brought about
by the condenseries, which are seeking to
get milk prices down before they resume
canning operations there. The Hillsboro
and Forest Grove plants have already reopened.
LAST PRICES HflE LOWEST
BEAKS RESUME DRIVE AGATXST
SPECULATIVE ISSUES.
Equipments, Steels, Motors and
Shippings Center of Attack.
Bond Market Weak.
Canned Meats Are Lower.
DecMnes averaging about 3 per cent in
canned meat prices were announced by
;ol;bers The quotations do not attract
much attention locally because of the sale
of government meats at low prices.
Hank Clearings.
Bank clearings of . the northwestern
citiea yufiieruy were as ioUotvs
Clearings. Balances.
Portland SS.OL'S.tWS SJC.ilo.s
Seattle S-TM.M1 1.06:1.4
Tueoma 71H.328 i,23
Spokune 1.TS7.38W 60, 8J0
PORTLAND MAKKEI QCOTATIOXS
Grain, Hour, Feed. Etc.
Merchants' Exchange, noon session:
Jan. Feb,
Wheat Bid. BJ.
Hard white i 1.70 $ 1
Soft white .. LM 1.65
White club T f- 1.08 l.GS
Hard winter 1.62 1.6
Northern spring .. .. 1.05 1.65
Red Walla 1.60 1.60
Data
No. -J white feed 34.50 34.50
No. 2 gray 33.00 33.00
Uariey
Brewing ... 35.00 35.00
Standard feed 34.00 34.00
Mlllrun 34.50 34.00
Jorr.
No. 3 E. T. shipment 33.00 33.00
KI.O0H Kamilv nstents. 110.20: bakers
nara wheat, Xil.50: bakers blu-stcm pat
enta. III: valley patents. 17.00; whole
wheat. JH.iaj: graham. IH.45.
Mli-l.KEED 1-rioea f. o. b. mill. Mill
run. $36 per ton: rolled barley. $44 a 46
rolled oats, $49; scratch feed, $60 per ton
CORN WMla $44; cracked, $47 per
ton.
HAY Buying nrices f. o. b. Portland
Alfalfa, $J0 per ton; cheat, i- .( :j
clover, $20; valley timothy, $27&28
em Oregon timothy, $30.
Par
bt x
Dairy ana Country Produce.
BUTTEK Cubes, extras, 44045c
lb.; prints, parchment wrapped. In
ots, 47c per lb.; cartons, 48c; half more
builerrat. buying price. 3SflM0c pound
stations; A grade, 45c; B grade, 43c, Port
land delivery.
HOGS Buying prices, case count, 4
4sc. Jobbing price to retailers, candied
ranch, 33c; selects, 54c; pullets, 40c
CHSE8B Tillamook triplets, price
Jobbers, f. o. b. Tillamook. 30c.
POULTRY Hens, 26fe33c; springs, 24W
c, ducks. 25ti40c; geese, 32c; turkeys,
live, nominal; turkeys, dressed, nomrna.
POKK Fancy, 14c per pound.
VEAX Fancy, ISc per pound.
LOCAL EGG MARKET IS VERY FIRM
Shipping Orders Take Care of Surplus ut
PresenT.
The egg market was very firm, owing
to the presence of shipping orders Most
of the buying was done on the baais of
48 cents delivered for current receipts.
There was no material change In local Job
bing prices.
The bureau of markets reports that
920 cars, or 422.030 cases of eggs, were
snipped from California points to the cast
during 1920.
Poultry was in moderate supply on Front
street and prices were firm and unchanged.
Dreraed pork was weak and lower at 14
cents for the best grade. There was no
change in Teal quotaticna
Fruits and Vegetables.
FRUIT Oranges. navels, $3.7534.75
lemons. S3.75b4.75 box: grapefruit $3 if
tier hnx: bananas. 11' 41i 1 J 'i c Per pound
grapes, $5.25 lug; apples, $13.30 per box
Dears. $2(02.20 ner box
i Ut Aiil.KS Lal.baee. 2C per pound
lettuce, $3.25(3.73 per crate; cucumbers.
Per dozen: carrots. $1 ;-uil.iJ per sack
garlic 25c; beets, $1.50 sack; eggplant,
20c per pound; cauliflower $33.25 per
crate; celery, $5 per crate; green peppers
2oc iter 'oound: surouts. Itc per pouml
squash, 2sc per pound; pumpkins, 2Ho
per pound; rhubarb, 20c per pound; spin
ach. $1.4001.50 box; tomatoes, $405 per
crate.
POTATOES Oregon, $1.501.7S per 10"
pounds; Yakima. $202.25; sweet potatoes.
6(sulc per pound, $3 per hamper.
ONIONS Oregon, $1.50 per sack; Call
fornla brown. $1.5001.73 per sack.
Staple Groceries.
I,ocal lobbing quotations:
SUGAR Sack basis: Cane granulated.
9c per pound; beet. 8 ROc per hundred.
NUTS Walnuts 22028c; Brazil nuts.
33r Filberts. 214i2.'tc: almonds. 2ti'u30i
peanuts, lm 14c per pound; cocoanuta, $3
per doaen; pecans, 82 0 33c; chestnuts, 2$
035c pound.
RICE Blue Rose, Hc per pound; Ja
Dan style. 7sc per pound.
BEANS Small white, 6c; targe white,
6c; pink, 7Uc; lima, 10c; bayoua. 12Vic;
red. 7.c per pound.
COFFEE Roasted, bulk, drums, 14 036s
per pound.
SALT Granulated, bales. $3.5004.25
half ground, ton, 50s. $18.75; 100s. 18.24
lump rock, $26.50.
I-rorisions.
32
skinned, 250
HAMS All sixes.
31c; picnics, 20c.
BACON Fancy, 40047c; choice, JO 32c
standard, 25 027c
IjtKD Pure, tierces. 27c pound; com-
nound. tierces. 14c
DRY SALT Backs. 21024c; plates, 20c
Hides, Pelts, Etc
HIDES Salt hides, all weights, c per
pound; green hides, all weights, 5c; salt
bulls, all weights. 5c; green bulls. 4c; calf
skins, green or salt. 10c; kip skins, green
or salt. 8c: dry hides. 12c; dry salt hides,
tte: dry calf. 15c Above prices for coun
try hides and skins. Prices for city skins
and hides follow: Calf skins, 12c per
pound; kip skins, yc; city packer hides.
green. Sc.
I'Kl, I Salt pells, run wool, country.
35050c: packers. 50060c each; dry long
wool pelts, fine, ic pound; dry long
pelts, medium. 6c
TALLOW jmo. l. oc; o. -a, ee pouna.
CASCARA BARK 11)20 peel. 8c pound.
WOOL AND MOUAIR Nominal.
HOPS 1U20 crop, choice, 24 025c pound.
rool
pelta.
Oils.
LINSEED OIL Raw. In barrels, $1.01
drums. $1 OS; cases. I1.U Boiled, in bar
rels. $1.03. drums, $1.10; cases. $1.18.
TURPENTINE in l an as. sj-ii
$1.36.
COAL OIL Tank wagons ana iron bar
rels. 17Hc: cases. 30037c.
FUEL OIL, Bulk. $2.33 per barrel.
GASOLINE Tank wagons and Iron bar
rels. 20c; cases 41 He
SAN FRANCISCO IHODICB MARKET
Prlcea Current on Vegetables. Freeh Fruits.
Etc.. at Bay City.
SAN FRANCISCO, Jan. 12. Butter
Extras. 46lxc; prime firsts, 45c
L'ggs Freeh extras, 64HC; extra firsts,
ke( extra pullets, 59c; undersized pul-
Cheese Flats.
young Americas.
APPLE MOVEMENT IS STILL SLOW
Friree Fairly Steady in 1 ... .1 and Interior
Markets.
The local movement of apples la still
issurlcted by the light demand, but fairly
steady prices are maintained.
The Interior marketa are also holding
their own as shown by the following car
lot sale prices:
WVnatchee valley Wlnesaps. extra
fancy medium to large. $2. Yakima val
ley Winesaps. extra fancy medium to
large. $2; fancy small to large. $1,25 0
$1.50; small. $1: Rome, extra fancy me
dium to large. $1.30: fancy. $1.40. Other
district Romea. extra fancy medium to
Was, $1 13001.65: c grade medium to
Urs-e. 31. S3: small. $1.15.
A: the New York auction 733 boxes of
Oregon 9pltsenbergs were aold, extra fancy
large bringing $2.65: medium. $2.0" d 2.50;
mall. $1.6501.96; choice large. $2.43; me
Vum. $1.7O02.eA mostly $1 700 L84. V
In the San Francisco market Oregon
Stuucnnerfa, extra fancy, aold u retailers
fancy, 24ViC; firsts, 23c;
fancy Sic.
Vegetab;esEggp!anL southern 608c;
ummer squash. $2 ro crate; potatoes.
street prices rivers. $1 So02.ou: ba.inas.
$3 130325; sweet, $4.i50fi: onions. Aus
tralian brown, 9Oc0$l; green. $1.250L3O;
beans. 15&20C, tomatoes. 4OC0$l.Ov; cu
cumoer. hothouse $1.0001.25 doaen; celery.
?:.3O01.73 erase; caumiower, 9uv0$i
djxen; cabbage. 1 cent pound, bell peppers,
southern. 1O012SC; turnips, 75c 01. 25 sk. ;
beets, $1.25 sack, parsnips, $1.2302.00
sack; carrots. $1.2501.50 sack; peas.
:-"vjLc pound: rhubarb, $202.7$; let
tuce $20 2.25 crate; artichokes. 75c0$L25
dosen: spinach 5fe06c.
Poultry Hens, 36039c; strictly young
roosters. S70S8c: o.d, 22 0 23c; fryers,
40045c; broilers. 45052c; ducks, 28032c:
squabs, 70080c; Belgian harea live,
24026c; geese, 32033c; pigeons, old
$2 6093.00 dosen; turkeys, dressed,
30U5JV. live. 43 0 46c.
Fruit Navel oranges. $2.500 4 30: lem
ons $20003.30; lemonettrs. $1 30 012 00:
(rape fruit, new crop. 12 30 0 3 00: Arlaona.
t4ft4.25: limes, $1.25 01.75; tangerines,
$2.5004: bananas. 8010c. apples, New
towns. $1.23 U 2.85.
Receipts Flour. S118 quarters; wheat.
125 centals; barley. 3563 centals; beans,
563 sacks; corn. No) centals; hay. 180 tons;
lemons and oranges. 600 boxes, hides. 187
rolls; livestock. 871 head.
Naval Stores.
SAVANNAH. Ga . Jan. 13 Turpentine
quiet. 924c. No sales. Receipts, 19; ship
ments. 11; stock. 15.792.
Rosin quiet, no sales. Receipts. 329:
shipments, none; slock. S3. 112. Quote:
B, D, fi. F. ti, H. 1. K. it. Si. Wi WW,
lie.
NKW YORK. Jan. 13. Resumption of
aggressive operations by the short Inter
est in speculative shares, which figured
In the recent advance, doubtless accounted
to an extent for the heavy to weak trend
of s-.ock prices today.
Early quotations were downward, with
Intermittent rallies before noon. These were
generally canceled later.
Lowest prices ruled In the last half hour.
I when selling of the better known equip
ments, steeis. motors and shippings su
plemehted the extensive llquidstion of
speculative favorites. Sharp reactions
marked the active finish. Sales were 875,
0OM shares.
Call loans opened st 6 per cent, prob
ably as a result of renewed offerings out
side of the exchange at 5 and even 4M
per cent. The esppiy of time money at
6H per cent also Increased.
Specific reasons attached to the re
veres, in certain Issues, auch as sugars
and Wilson Packing, which reflected more
adverse trade conditions.
Domestic and foreign war flotations
were materially lower in the bond mar
ket. Total sales, par value, $14,675,000.
Old United States government bonds were
unchanged on call.
CLOSING STOCK QUOTATION
Osceola 25
Quincy W
Superior SH
Spr. & Bos. Min. IV
Shannon 1
4
. 50
. 11
Cat x- r. 48
Cal 4b Hecla...245
Centennial .... 9
Cop Rge Cn Co. 32
E Butte Coo. . 9
Franklin 214 (Utah Con.
Isle Roy Cop. . 21 i Winona
Lake Copper . . 2 Vx 'Wolverine
3lowhawk 45
Money. Sliver, Etc
NEW YORK. Jan. 13. Prime mercantile
paper unchanged.
Time loans, weak; all dates. 606 per
cent.
Call money, high, 6 per cent; low, 8 per
cent: rulins; rate, 6 per cent; closing bid. 6
per cent; offered at 7 per cent; last loan,
6 per cenL
Bar silver, domestic unchanged. Foreign,
esi,.
Mexican dollars, 50c
LONDON. Jan. 13. Bar silver,
per ounce. Money, 5 per cent.
Discount, unchanged. .
39 -id
Sales.
Am Beet Sug, 100
American Can 2.100
Am Car & Fdy 900
Am H4L Pfd 2.400
Am Inter Corp 14.700
American Loco 1 000
Am Smt & Rfg
American Sug
Am Sum Tob
Am Tel A Tel
Amerl Woolen
Am Z L A 9
Anaconda Cop
Atchison ....
At Of 4 W Ih 16,500
Baldw-in Loco 27,300
Haiti & Ohio
Bethle Steel B
But & Sup Cop
Cal Petroleum
Canadian Pacif
Centrl Leather
Chandler Mtrs
Ches Ohio
Chi Mil & St P
Chic-go & N W
Chi R I & Pac
Chino Copper..
Colo Fl & Ifon
Corn Products
Crucible Steel 23.300
Cuba Cane Sug 300
Erie 4.800
Generl Electric 1,300
Generl Motors 14,600
Grt. North Pfd 3,000
Inspira Copper
Int Me Ma Pfd
Interna Nickel
Interna Paper
Kan Cty South
Kenne Copper
Louis & Nash
Mex Petroleum 41,600
Miami Copper 400
Mid states Oil
Missouri Pacif
Nevada Copper
New York Cen
N Y N H ft H
Nor & Western
Northern Pacif
Ok Prd & Rfg
Pacific Mail
Pan-Am Petrol 13.400
Pennsylvania. . 800
rilta ft W Va 3.800
Rav Con Coo 1.200
Reading 40,400
itep ir ft ateei .. .
Kara u x .-w
Shat Ariz Cop 100
Shell Tr & Td 5H)
Sla Oil ft Rfg 7.400
Southern Paci 20.300
Southern Rwy 19,800
S O N J Pfd 4.0OO
studebak Corp 19.300
Texas company 3.000
Texas & paeir l.-'uo
Tobacco Pdts 1.300
Transconti Oil
Union Pacific
U S Food Pdts
U S Ind Alchl
U S Rtl Stores
S Rubber. .
S Steel
S steel Pfd
;tah Copper. .
Western Union
West Electric
Willys - Overld
Last
3.400
1.400
600
1.100
6,800
100
3.900
1.9O0
5.4CK1
13,700
40O
1,500
4,600
4.600
4.400
2.200
2.SO0
900
4,500
1,000
100
4.200
1.800
3,300
1.500
8.500
1,500
4.400
100
9.T.00
1.900
1,500
2,700
4.600
1.500
6.200
:,50o
100
High. Low. sale,
fig 44 44
27 27 27
124 123 123
51 47 47
48 44 44
84 83 83
38 37 37
94 92 92
80 79 80
99 99 99
68 66 66
37 37 37
S4 S3 S3
73 . 70 Jl
92 89 89
37 36 36
60 58 58
12 12 12
30 29 29
118 116 1163
89 38 38 ft
70 67 67
62 60 60
10 29 29
TO 69 69
28 28 28
22 21 21
10 30 30
Tl 68 69
101 94 94
23 22 22
14 14 14
122 122 122
15 15 13
77 76 76
35 31 34
61 59 59
15 15 15
60 36 50
21 19 19
20 19 19
102 102 102
169 160 1801,
18 18 18
18 13 13
20 20 20M
10 10 10
74 72 72
23 22 22
102 101 102
85 83 83
3 3 3
IT IT IT
78 75 75
41 41 41
81 S0 31
13 13 13
86 84 84
73 69 60
67 66 66
6 6 6
43 43 43
24 23 23
99 98 98
24 23 23
109 10S 108
53 50V4 51
44 43 43
20 18 18
53 54 54
11 10 10
121 120 120
23 22 22
69 66 68
56 54 54
69 67 68
83 82 82
109 100, 109
54 33 i 531,
87 87 87
45 44 44
8 7 7
Foreign Exchange.
Foreign exchange rates at close of busl
ness yesterday, furnished by Northwestern
National bank of Portland. The amount
quoted Is the equivalent In United States
dollars:
Cminrrv - ,isl Rate
Austria, kronen ...........$-f24
Belgium, francs 0650
Bulgaria, leva
Crecho-SIoaakia, kronen 6122
Denmark, kroner lieO
I'lnitliind. nound sterltne .......... .3. i I"'
Filtisr.d Finsaeir 0!
France, francs .0618
Germany, marks ............... . .0150
flre..V itrarhmn, .. .0
Holland, guilders 329S
Hungary, kronen 0022
Italy, lire saas
Jugo-Slavia. kronen .0073
Portagai. escudoa .1120
Roumania. lei .01
Serbia, dinara 02S3
SDain. npsetss . .1.
Sweden, kroner 2173
Switzerland, franca 1573
China. HonE-kons-. local currency 5625
Shanghai, taels 7650
Japan, yen 48ia
NEW YORK. Jan. 13. Exchange, firm;
sterling demand $3.73. cables $3.73 ;
francs, demand 6.11, cables 613; Belgian
franca, unchanged; guilders, demand 32.S0,
cables 32.90; lire, demand 3.45. cables 3.47;
marks, demand 1.43. cables 1.44; Greece,
demand 7.45; Montreal, 12 per cent dis
count. Sterling advanced further in the late
dealings; 60-day bills. $3.69; commercial
60-day bills on banks, $3.69; commercial
su-day bills, $38; demand $3.74, ca
bles $3.74.
Bricks or prints, 47c: seconds in cubes, 43c:
bricks, 44c; country creamer extras, cost
to jobbers m cubes. 40; storage nominal.
NEW YORK, Jan. 13. Butter Weak,
unchanged.
Eggs, firm: fresh gathered, extra first,
7S,r74c; ditto firsts, 71076c
Cheese, firm; unchanged.
CHICAGO, Jan. 13. Butter Unsettled;
creamery extras. 48c; standards. 47c
Eggs Higher; receipts, 24S5 cases;
firsts, 67067c; ordinary firsts. 59 0 62c;
at msrk, cases Included. 5ft ii 62c; refriger
ators firsts, 59&60O. -
Foreign Bonds.
Following foreign bond quotations are
furnished by the Overbeck ft Cooke lo
Portland:
Bid.
o:
Russian 5s, 1921 .
Russian 5s. 1926 .
Russian 6s. 1919. .
Currency
French 5s, 1 931 . . . .
Frenc.i 4s. 1917 '. . . .
Frencn 5s, 1920
Italian 5s. 1918
British 5s, 1923
British 3s. 1927
British 5s. 1929
British vky 4a .....
British ref 4s
Belgium rest 5s .
Belgium prem 5s . . .
Germor W. L- 5s . .
Berlin 4s
Hamburg 4s
Hamburg 4 h-s
11
. .. 48
. .. 39
. . . 57
. .. 26
...364
. . . 345
...342
. . .272
. . .245
... 38
. .. 61
...11
... 12
... 12
12
Lelpslg 4s 12
Leipsig 5s
Munich 4s
12
14
Munich 5s - 34
..'ap4s 1 1 ri
Jap 1st 4s 77
Jap 2d 4s 96
Anslo French 5s 97
U K 5-As. 1D21 .' 94
U K 54S, 1922 88
0 K 5a. 1929 86
Ask.
13
8
14
50
41
59
27
376
357
354
284
257
60
63
12
13
13
13
14
14
16
15
78
77
96
8
95
89
86
O.6H0
1,600
2.500
2!lo(l
5.100
4,600
12.200
200
1.6O0
700
1.800
8.800
BONDS.
.'lOlAtchen gen 4s.
86.80 D ft R con 4s. .
.86.80;sj y C deb 0s..
. 87.00!Nor Pac 4s
do 2d 4s.. 88.36 do 3s
do 3d 4s.. 89.80;Pac T ft T 5s. .
so.so renn can sv-s..
97.068o Pao cv 5s..
97.08!So Ry 5s
lOO.MitTnlon Pac 4s..
cv 4s. co.M04.00;U S Steel 5s...
Am T ft T cv 6s 96
V S Lib 3s. .$92
do 1st 4s.
do 2d 4s.
do 1st 4s.
do 4th 4s.
Victory 8s .
do 4s ...
S 2s. coup.'
1
7S
65
92
77
56
81
J"
97
88
S3i.
95
Bid.
Mining Stocks at Boston.
BOPTON, Jan. 13. Closing quotations:
Alloues 21 INorth Butte .. 11
rix Com 701d Dominion.. 20
A Twenty-Year
First and Refunding
Mortgage Gold Bond
at a price to Field about
7.10
One of the largest of the well
established and successful elec
tric light, power and gas cor
porations in the United States.
In $1500 and 41000 deaomlnations
Circular upon request for OR366
The National City
Company
Offices in more than SO cities
Portland, Yeon Bid.
Telephone Main 6072
Swift A Co. Stocks.
Closing prices for Swift A Co. stocks at
Chicago wero reported by the Overbeck &
Cooke Co. of Portland as follows:
Swift i Co 105
Swift International -
IJbby. McNeil & Libby 1-'
National Leather
Coffee Futures Lower.
NEW YORK. Jan. 13. There were fur
ther reactions in the market for coffe
futures here today, owing to the somewhat
unsettled ruling of Brazil and continued
realizing. First prices were one point
higher to one point lower, but there was
quite a little March liquidation and the
market soon weakened with that delivery
selling off to 6.68c. or 22 points net lower,
while the more active later monthashowed
net losses of about 20 to 23 points, with
May selling at 7.10c. Rallies of a few
points followed on covering, but the mar
ket closed at a net loss of S to 14 points.
Closing bids: January. 6.42c; March. 6.73c;
May. 7.20c; July, 7.56c; September. Sc; Oc
tober. 8.10c.
Spot coffee less active; Rio 7s, 7
74c; Santos 4s, i10c.
JDairy Produce Markets.
SEATTLE. Jan. 13. Egg. Select local
ranch, white shells, 54c; pullets, 4056c
Butter City creamery. In cubes. 46c;
Canadian
Bonds
SIO.OIK) Province of Alberts. 414
Maturity Feb. 1, 1924. at
Sl.24. yield 7.
31004) Winnipeg;, Manitoba, 5a,
Maturity Aug. i. 1926. at
86.02. yield 7.
$20,000 Vancouver, B. C 4V4s
Maturity Feb. 1923. at
93.41, yield S,
Call or Phone
Freeman,
Smith
a
CAMP
CO.
ORO'JNO FLOOR
LUMBSRMCNS BU1LOIN
Fifth sno Stark
-war sto
LIBERTY AND VICTORY BONDS
Headquarters for buying and sell
ing all issues. Large or small lots.
HERRIN & RHODES, Inc.
Established 1S96.
Main 283-2K4.
201-2-3-4 itallway Exchange Bids.
From and after this date the firm of
Wm. A. Read & Co.
will be continued under the name of
Dillon, Read & Co.
by all of the present partners, together with
the following, who have this day been ad
mitted to partnership:
Mr. W. M. L. Fiske, our former resident
partner in Chicago, who retired in January,
1920, on account of ill health.
Mr. E. J. Bermingham, associated with our
firm for twelve years and now manager of
our Chicago office, and
Mr. Wm. A. Read, Jr.. eldest son of our late
senior partner, Mr. William A. Read.
January 14, 1921
Dillon, Read & Co.
Metal Market.
NTETW YORK, Jan. 13. Copper firm.
Electrolytic, spot, G13t4c; first Quar
ter unchanged.
Zinc steady. East St. Louis, spot, 5.509
5.65c.
.Pther metals unchanged.
New York Sugar Market.
NEW YORK, Jan. 13. Raw sugar. 5.52e
for centrifugal; refined, 7.75c for fine
granulated.
Dried Fruit at New York.
-VBW YORK, Jan. 13. Evaporated ap
ples duiL Prunes steady. Peaches quiet
Duluth Linseed Market,
:""!. rrn, Jan. 13. Lineeed on track
and arrive, $2.05.
Cotton Market.
XE1W YORK, Jan. 13. Cotton,
quiet. Middling, 17.65c.
spot.
DAILY CITY STATISTICS
Marriasje Licenses.
WAGNER -BiRAJkl BR John Charles
Wagner. legal. 500 East Forty-elffhth
street North, and Ethel Bramer. legal, 36ti
Glenn avenue.
PACKAXZ-LICHTGARN K a t h a n S.
Packanx, &4& East Lincoln street, and
Bertha Lichtgara, 19, 797 East Lincoln
street.
SAMS-ISRAEL Sam Sadis, 25, 323
Lincoln street, and Vlda Israel. 21. 3685
Second street.
TYSON-GREENE Neale A. Tyson, le
gal, Amboy Wash., and Helen M. Greene,
legal, 1213 Vancouver avenue.
CROSBY-BA RN'HART Paul J. Crosby,
legal, 592 East Eighth street North, and
Charlotte Barnbart, legal. 373 East Firs:
street North.
KENNEDY-STEWART Lester V, Ken
nedy, legal, 394 Guild street, and EiMjhe
mia W. Stewart, legal. 240 East 23d street.
DOBBIN-SODEN Merton A. Dobbin,
legal, Portland, and Prances J. Soden, le
gal, 629 East Tenth street North.
EHRICKE HANCOCK Herbert Touse
Ehrlcke, legal, 1029 Kelly street, and Jen
net Austin Hancock, legal. 000 East Twenty-fourth
street North.
VERMILYEA VERMILYEA Silas R.
Vermllyea. legal, 4829 Thirty-fourth ave
nue southeast, and TL Kathryne Vermll
yea, legal, Portland.
Vancouver Marriage Licenses.
SAWYER-SKINNER Cecil C. Sawyer.
23, of La Center. Wash., and NIda Skin
ner, 19, of La Center, Wash.
TDRNBULL-BOSS Hurley A. Turnbull,
24, of Sherwood, Or., and ileanette W.
Boss. 18. of Sherwood, Or.
SAX-KERSHAW Jack Sax, 21, of Port
land, and Myrtle Kershaw, 21, of Port
land. '
FLA GG-HURLBTJRT Prank Flagg, S2.
of Portland, and May L. Hurlburt, 30, of
Portland.
RIVIAHO-POIKELA Edward J. Rlv
iaho, 26, of Clatskanie. Or., and Helia M.
Pofkela. 20, of Clatskanie, Or.
I'.I.OfK-KEUSTEL Frank Block. 31.
of Portland, and Mrs. Emma Feustel, 31, of
Portland.
GIGGER-WEISE Joseph Bill Glgger,
le-le-
27, of Salem, Or., 'and Mrs. Myrtle M
vVeise. 23, of Salem, Or.
LEWIS-LIBERTY Carl H. Lewis,
gal. of Vancouver, and Pearle Liberty.
gal. at Falls City. Neb.
PIERCE-GVNTER Lester E. Pierce.
15, and Mrs. Bessie E. Gunter. 28, both of
Vancouver.
FEELET-DHOM11 ON D Frank F. .Fee
ley. 23. and Mrs Elenora A. Drommond.
S8, both of Aurora, Or.
VEARRIER-OVERLUND William R.
Vearrier, 22, and Kristine J, Overlund, 18,
both of Sllverton. Or.
HANSON-PETERSON Ericha Hanson.
28, and Mrs. Johanna Peterson, SI, both
of Vancouver.
CRO-MER-INYER Jessie G. Crwmer, 23.
of Oregon City. Or., and Lora Inyer, IS,
of Clatakanie. Or.
Soft Drink Permit Issued.
"The Tiectar dispensed by this gren
tlemanought to be a Bevo and Venus
mixture," remarked Mayor Baker in
council yesterday when a license to
operate a soft-drink establishment
was issued to John Bevus, an Aus
trian. Bevus was a partner of Sam
Jaksish in an establishment at 312
Second street. The license In Jak
sish's name was revoked some time
aire, and Bevus wanted to continue
the business. Commissioner Bisrelow
objected on the ground that Bevus
had been in this country ten years
without taking out citizenship papers.
Phone your want ads to the Ore
gonian. Main 7070, Automatic BfO-95.
'mill
Ctaservative
Custodian
Chats'
Liberty Bonds pur
chased at present
prices yield from 5
to 6 per cent. Buy
your bonds at the
Hibernia.
Money from this issue goes back into the district
to make it richer and the security even better.
6To GOLD BONDS
Columbia Municipal
Irrigation Dist.
BENTON COUNTY, WASH.
Due 1931-39
RAINIER DRAINAGE
DISTRICT (OREGON)
6 Bonds
Prices to
Yield
ey2
Income Tax Exempt
Denominations $100-$500
Prices to Yield
Income Tax Exempt
Write for circular.
TEPST COMMNY
Broadway and Oak
m
The same sound judgment which has
guided the affairs of this bank for more
than three-score years guides it today in
the selection of the bonds it offers you.
An Oregon Municipal Bond
The general obligation of a rich agricultural district
immediately adjoining the City of Portland, Oregon.
Exempt From All Federal Income Taxes
We own and recommend for investment the unsold
portion of an issue of
$400,000
MULTNOMAH COUNTY DRAINAGE
DISTRICT NO. 1
5x2 Coupon Bonds
Denominations $500, $1000
Bonds are available from the
following serial maturities:
1933, 1934, 1935, 1938, 1939
Prices to Yield 6
This is an exceptionally well
secured bond.
Full information on request.
Oldest in the
Northwest
WASHINGTON AT THIRD
12! a
1 Q$Q ,1
.
i-
.)!! ,asiii-. H
Ml
We offer our participation in
$10,000,000
Steel & Tube Company
of America
30-year, General Mortgage and
Sinking Fund 7 Gold Bonds
Dated January 1st, 1921 Due January 1st, 1951
Denominations $1000 and $500.
Bonds callable at 107.
This Company is a large manufacturer of pipe and
other finished steel products.
Net Quick Assets (Dec. 31st, 1920) $27,000,000
Earnings (year ended Dec. 31, 1920) $12,000,000
7 times present aggregate annual interest charges.
The bonds are followed by preferred and common stock
representing equity of $67,000,000.
Price 95y4 Yielding 7.40
Call or write for circular descriptive of this issue.
Blyth. Witter. & Co.
Municipal and Corporation Bonds
VEOJf BOJLDI.G, PORTLAND PHO.VE MAIN S1S3
n Kr.nrl.rn .w York Seattle Los Anacelrs
. 3'
NEW TOM
CH1CAOO
rHILArILPM4
BBTMOIT
CLIVfUHD
BOSTON
HUNT LOUIt
ALT1HOH
PI TTBU G
am rNANCtaca
LOS AMCILU
BUFFALO
HASK1NS & SELLS
cAimrieo PUBLIC ACCOUNTANTS
CmCW rout)
CAW-jK aodhibb "haikwlls-
PITTOCK BLOCK
PORTLAND
HSW ORLIANI
IATTLI
KANSAS CITY
DINVCR
ATLANTA
DALLAS
ALT LAJKB CITY
TULSA
WATKSTOWN
LONDON
FAR!
We Announce the Opening of
an Office in the Pittock Block,
Portland. Oregon, and the
appointment of mr. r. j. leo.
C P. A. (Oregon) as Manager.
Has kins & Sells.
JANUARY lO. J92I.
HOME INVESTMENTS and SAFETY
Real estate of our Great Pacific Northwest is as imperishable as
its mountains and streams.
Its intrinsic value is constantly increasing through the inexor
able operation of the economic law of diminishing sirpply.
Its titles are as sound as our great republic which granted them.
The mortgages we offer the investor are based upon 50 of
the quick sale value of this real estate.
They afford ABSOLUTE SECURITY, high yield, and promptly
paid interest and principal
Ask for booklet and list of attractive offerings.
Western Bond & Mortgage Company
MAIN 113.
80 FOURTH ST.
Bonds Available for Immediate Delivery
CITY OF TWIN FALLS,
IDAHO
General Obligation 6 Bonds
Dated December 1, 1920 Due, 1940, optional 1930
The city of Twin Falls, the county
seat of Twin Falls County, is one of the
most modern and prosperous cities of
the entire west.
These londs were authorized by more
than a two-thirds vote of the taxpaying
electors of the city and represent a gen
eral obligation of property valued at
$15,000,000.00.
Price to Yield
6
Income Tax Exempt
KEELER BROTHERS
Portland Investment Securities Denver
UNITED STATES NATIONAL BANK BUILDING
Broadway a800
The Honse Built Square."
We Ofler, Subject to prior Sale
CANADIAN BONDS
Rate.
. 5
.. 5
Province of Saskatchewan. -
Province of Manitoba.
Province or Aianiioos,
Province of Ontario .
Province of British Columbia M
Province of British Columbia 6
Victoria, B. C. General....
Vancouver. B. C, Harbor Imp... o
Canadian Northern Ry., Equl. Tr B
Maturity.
10-15-25
4-15-2S
10- 1-25
10- 1-23
7- 1-2S
10-25-23
7- 21-23
8- 1-21
H-21-27
Yield.
7.50
7oro
7.25
7.30
7.50
7.50
8.00
8.00
Detailed inrmaUonan DfA DvrYnl'h0d UPn
f.ARSTENS & FsARLES, INCORPORATED
l
Established 1S01.
Government, Municipal and orporntlon Bonds,
U. S. National Bank Bldic.
San Pranelseo Portland, Oregon.
Los Angeles Brdw. 4108.
Seattle
Spokasae
4