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

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Morning Oregonian., January 21, 1921, Page 21, Image 21

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Newspaper Page TextTHE MORNING OREGOXIAN, FRIDAY, JANUARY 21, 1921 21 BEST POTATOES ONLY WJUHED Iff SOUTH Fancy .Stock Going Out at Moderate Rate. PRICES ON STEADY BASIS Shipments From Valley Sin& Opening of Season Aggregate 593 Cars; Xo Sale for Poor Grade. 1 There is a limited Inquiry in the ship ping market for potatoes, but the buy- era want only the beat seed sToclc or fancy table Burbanks. The demand -is confined to California. Shippers are unable to get into the southwestern markets at present In competition with the Rocky mountain sections. Oregon growers can obtain $1.10 1.25 . for the best stock. Offerings are not large, but are sufficient for the demand. It is believed all the potatoes of this grade in the state can be disposed of, at fair prices if the growers will let go, but there is no outlet in sight for the ordinary and poor stock. Shipments are going out now at the rate of only two or three cars a day. From the beginning of the season up to January 15 593 cars originating on the Southern Pa cific passed Ashland southbound, also 375 cars from central Oregon Washington and other sections. Market conditions In the leading ship ping districts are wired as follows: Takima, Wash. Netted Gems, $23 ton. Idaho Falls, Idaho Haullngs moderate; demand moderate; market unsettled, weak at close; some buyers holding off. Burals, 60963c, mostly 65c; Russets, 70 SOc, mostly 75c. Oreeley, Colo. Light wire inquiry; haullngs moderate; demand poor; market weak. Pearls and Rurais, 7590c. Some buyers holding off; some shipments rolled unsold. Minneapolis,' Minn. Very light wire In quiry; demand slow: market dull. Round Whites, $1.10, few $1.13; Kings, $1.03. Waupaca, Wis. Moderate wire inquiry; demand slow; market steady. Sacked Round Whites, $1.0501.10. BIDS FOR WHEAT ARE LOWERED Prices Reduced 3 to 6 Cents at Merchants' Exchange. Wheat prices went lower yesterday be cause of the .weakness In the cast. Bids for January hard, white and club were - reduced 3 cents at the exennge and other grades were 4 to 6 cent! lower. Coarse grains were also weak. -Oats bids ranged from unchanged to 50 cents lower and barley was down 50 cents to 91. Corn bids were cut $1 for January and February shipment. Chicago reported shipments of 100 loads, mainly to Poland and some for Switzer land. Argentine cables were that the super tax will be imposed on grain. RujsiII says the Argentine duty of 4 pesos per 100 kilos on wheat expoits and 20 per cent on the export of wneat pr?ductj has been removed. Ihis iut. had l-een im posed by the law of June lu, 1120. Ar gentine shipments for the week are es timated at 78.000 bushels of wheat, 1,91.000 bushels of corn and 8000 oujh els of oats. v Terminal receipts, in cars, were re ported by the Merciiuta' Exchange as follows: Portland Wht. B;-iy." Tlr. Oa:s. Hay! Thursday 72 Year ago 50 Season to date 9724 JTear affo ......5527 Tacoma Wednesday .... 6 Tear ago SS Season to date31tift Year ago 4409 Seattle Wednesday .... 10 Year ago 39 Seaon to date..324 Year ago . . . .4165 Astoria -Wednesday .... 1 Season to date.. 810 Year ago 753 In stors, Canada... ei.Ilf.OOO ' 39.336.000 ) Totals... 226.287.000 322.740,000, Bank Clearings. Bank clearings of the northwestern cit ies yesterday wereas follows: Clearings Balances Portland $4. 54.707 $5'.5.3"3 Seattle 3.755.433 729.195 Tacoma 572,1)30 73.5S0 Spokane 1.600,183 . 578.S47 PORTLAND MARKET QUOTATIONS. Grain, Flour, Feed, Etc. Merchants' Exchange, noon session: -Bld- 1118 1 10 ... 5 176 495 800 "1302 155 2494 SsS 11U6 ... T ... 5 7 15 47 611 79 603 68 1714 134 tu2 4 1 1 2 1 1 11 177 223 206 1048 205 470 409 915 1 1 17 19 31 2 6 38 OUTLOOK FOR APPLES IMPROVES Cheap Stock Is Cleaning l"p In Coast Mar ketsEastern Auction Sales. A fairly good movement of cheap apples In the coast markets gives promise of an early clean up which should improve the market for good stock later. Interior markets are steadier by reason of the reduction in holdings. Yakima re ports the sale of cars of extra fancy, medi um to large Winesaps at $2 2.23, and fancy at $1.75. At the New York auction, 640 boxes of Oregon Newtowni, extra fancy, large, sold at S2.25; medium to large at $1.752, and choice, medium to large, at $1.752.05; 715 boxes of Oregon Spitsenberga, fancy, all sizes, and In poor condition brought J1.25&1.S0, averaging $1.41. Northwestern apples sold to Jobbers at Chicago as follows: Jonathans, extra fancy, all sizes, $202. T5; ordinary quality and condition, $1.50&3. Delicious, extra fancy, large, (4.5063; medium, $3.7504.25; small, $33.50; Homes, extra fancy, all sizes, $203. Spitzenbergs, extra fancy, all sizes, $2.503.25. Staymans, extra fancy, all sizes, $2.253. Newtowns, extra fancy, medium to large, $2.2592.73. Wheat Jan. Feb. Mar. Hard white $ 1.62 $ 1.62 $ 1.62 Soft white - 1.57 1.5S 1.58 White club 1.58 1.38 1.58 Hard winter 1.50 1.60 1.50 Northern spring .... 1.50 1.50 1.50 Red Walla 1.47 1.47 1.47 Oats No. 2, white feed ... 34.00 34.00 84.00 No. 2 gray 32.50 32.50 32.50 wariey Brewin 34.00 83.50 33.50 Standard feed .12.50 32.00 32.00 Millrun ........ 34.00 33.50 - 33.50 Corn No. 3 E. Y.shiDment.; 30.00 30.00 s 30.00 AO. s 1. delivery ... 3u.uo au.oo su.uo FLOUR Family patents, $10.20: bakers' hard wbeat, $9.50; bakrs blucstem pat ents. $9; valley patent. $7.90; whole heat. $4.60; graham, $$.45. JIILLFEED Prices f. o. b. mill. Mill- run, $36 per ton; rolled barley. $4446; rolled oats. H6; scratch feed. $00 per ton. CORN Whole, 144; cracked, 4 per ton. HAY Buying prices, f. n. b. Portland: Alfalfa. $20 per ton; cheat, .$2223: clover. $20; valley timothy. S272S; east ern Oregon timothy, $30. Dairy and Country Produce. BUTTER Cubes, extras, 41c per lb.; prints, parchment wrapped, in box lots, 43c per lb.; cartons, 46c; butterfat, buying price, 36 38c pound at stations; A grade, 43c; B grade, 41c; Portland de livery. KGGS Buying prices, case count, 50 51c delivered. Jobbing price to retailers, candled ranch, 53c; selects, 56c. CHEESE Tillamook triplets, price to Jobbers, f. o. b. Tillamook. 30c. POULTRY Hens, uf33c; springs. 240 c; ducks, 25640c; geese, 32c; turkeys live, nominal; turkeys, dressed, nominal. PORK Fancy, l;c pound. VEAL Fancy, ISc per pound. Fruits and Vegetables. FRDIT Oranges, navels, $3.505; lem ons. (3.754.5 box: grapefruit, $3 8.50 per box; bananas, 12H013HC per pound; grapes, $4.50 lug; apples, $1.S53.23 per box. VEGETABLES Cabbage. 124C per pound; lettuce, $3.503.75 per crate; cu cumbers. s2 per dozen; carrots, si. 50 per sack; garlic, 2025c; beets. $1.5092 per sack: eggplant, 2c pound; cauliflower, $2.503.75 per crate; celery. $55.25 pet crate; green peppers, '30c pound; sprouts. lTiic per pound: pumpkins, 2Vc per pound; rhubarb, 20c per pound; spinach, fl.002.50 per box; turnips, $2.50 per sack. POTATOES Oregon. $t.501.75 per 100 pounds; Yakima, $2(t2.23; sweet potatoes, 614 H7c per pound, $3 23 per hamper. ONIONS Oregon, $1.50 per sack. Cali fornia brown, $1.501.75 per sack. STOCK BULLS JCTI POOLS FORCE SPECULATIVE SHARES HIGHER. Gains Mostly Lost When Call Money Stiffens; Liberty Bonds Continue to Advance. NEW YORK, Jan. 20. Retirement of the short Interest In the stock market made further variable progress today as pools in oil. food. shiDDine and copper snares, as well as many miscellaneous spe cialties, resumed their bullish operations. Gross gains In these stocks ran from 1 to 6 points, but late pressure against steels and eaulnments and the incidental advance of call money from 6 to 7 per cent effaced much of the rise at the irregular close. Sales were 875.000 shares. General Asphalt, which featured yes terday's belated rally, was again the most conspicuous Issue although its extreme rise of almost five points was reduced to at the finish. Oils almost without excep tion closed at losses, as well as steels, equipments, motors and rails, final deal ings disclosing a thin market. A Sentimental factor in the early move ment was the strength of international remittances. Exchange on London rose to the highest peak since July with de mand bills at 8.78H and Paris .demand bills to approximately 6.60. Less attention seemed to be paid to In dustrial developments, although these stressed the increase of unemployment on the railways, at mining centers and in some of the more important branches of manufacture. Bankers reported ready ac ceptance of domestic municipal under- writings. Liberty bonds were active and slightly higher, as -were most other domestic is sues including railway convertibles but tne foreign group showed little change. Total sales, par value, $12,175,000. Old United States bonds were unchanged on can. CLOSING, STOCK QUOTATIONS. Staple Groceries. - Local jobbing quotations: SUGAR Sack basis: Cane granulated. 9c per pound; beet, $H.R0 per hwndred. NUTS Walnuts. 22S2Sc: Brazil nuts. SSc; filberts, 21u25c; almonds, 2630c: peanuts, 9t4c per pound; cocoanuts, per dozen; pecans, S-3&c; chestnuts. 25 g35o pound. RICE Blue Rose. 9140 per pound; Ja pan style, 7M..C per pound. KtAiVS Small white. Rc: large wnite. 6c; pink, 74c; lima, 10c; bayou, 1214c; red, 7!ic per pound. COFFEE Roasted, bulk, drums, 14T36c per pound. - SALT Granulated. bales. $3.504.25; half ground, ton. 5Us. $19.75; 100s, $18.25; lump rock, $26.50. Provisions. HAMS All sizes. 2&33c: skinned. 269 32c: picnics, 20c. BACON Fancy. 40O47c: choice. 30O32C. standard, 25v27c. LARD Pure, tierces. 1914c pound; com pound, tierces, 1314c DRY SALT Backs. 21 a 240: plates 18c. 18c. Hides, Pelts, Etc. HIDES Salt hides, all welchts. ftc pel pound, green hides, all weights, 5c; sail bulls, all weights. 5c: green bulls. 4c: calf skins - green or e-s.lt, 10c: kip skins, green or salt, 8c; dry hides, 12c: dry salt hides. 9c( dry calf,' 13c- -'Above prices for coun try bides and skins. Prices for city skins and hides follow: Calf skins, 12c per pound; kip skins, 9c; city packer bides. green, 6c. . PELTS Salt nelts. full wool, country. 35cij5Vc; packers, 5060c each; dry onj wool pelts, fine, 7c pound; dry long wool pelts, medium, ec; dry long wool pelts coarse, sc. k TALLOW No. 1, 5c: No. 2, 4c pound CASCARA BARK 1920 peel, 8c pound HOPS 1920 crop, choice. -249230 pound WOOL Eastern scoured basis: Eastern Oregon No. 1 staple. SOc: eastern Oreson clothing, 60G5c; Valley No. 1, 65c pet pound. MOHAIR Nominal.- Sales. High. Am Beet Sug 3,00 0 4!)' American Can 3.100 23 4L Am Car & Fdy 1.300 12514 Am H & L Pfd 2,000 49 Am Inter Corp 14,600 4914" Amerlcan Loco 1,300 84 Am Smt & Rtg 1,500 3914 American Sug 1,000 03 Am Sum Tob 4,600 8 2 Am Tel & Tel 1.K0U 99 Amerl Woolen 4,200 0hi Am Z L & S 600 914 Anaconda Cop 4.100 40 Atchison .... 1,5I0 8314 At Gf & W In 15.30 75 Baldwin Loco 23. SOO 9314 Baltl . . Ohio 5,200 , 36 Bethle Steel B 10.400 5914 But & Sup Cop 1.300 1414 fal Petroleum HI.JOO : Canadian Pad 2.ISII0 117 Centrl Leather 6,300 43 Chandler -Mtrs 3.500 Chee ft Ohio 700 Chi Mil & St P SOO Chlc'go & N W 5O0 Chi R I & Pac 1.700 Chlno Copper.. 3,200 Celo FI & Iron 400 Corn Products 4,700 Crucible Steel 14.000 Cuba Cane Sug 8,000 Erie 1,500 Generl Electric 1.6U0 Generl Motors 10,700 Grt North Pfd 900 Illinois Centrl loo Insplra Copper 900 Int Me Ma Pfd 2.400 Intern Nickel 1,5(10 Interna Paper 14,200 Kan Cty South 900 Kenne Copper 6,400 Louis & Nash 400 XI ex Petroleum 23,700 Miami Copper 1.100 Mid States Oil 7,100 Mldvale -Steel 1,600 Missouri Pact 2,100 Montana Pow 100 Nevada Copper 900 New York Cen 1,700 N Y N H A H 4.100 Nor & Western 600 Northern Pac 3.700 Ok Pd & Ufg - BOO Pacific Mail Pan-Am Petrol Pennsylvania. . Pitts W Va Ray Con Cop 00 9,800 1,000 300 !,400 Bl'TTKB WIIX DECLINE AGAIN TODAY Two-Cent Wholesale Reduction Should at Once Affect Retail Price. With butter lower in the north, local prices) on prints will be reduced 2 cents today to 45 cents for plain wrapped and 48 cents for cartons. The buying price of butterfat will also be cut 2 cents. The de cline should bring the regular retail price down to 52 or 53 cents and to 50 cents in the central market district. There was very little movement in cubes yesterday. Kggs have weakened as a result of the xecliae In the east, where prices have fallen 7 to 8 cents. Most of, the buyers here reduced their country bids to 50 cents and some of the shippers declare that new business with the east cannot be worked until the market gets down to 45 to 47 cents. Jobbing prices were unchanged, buff win likely be lowered today. There were fair receipts of poultry. Prices were unchanged, but the demand for heavy hens is decreasing and the trade giving more attention to small hens. Dressed meats were steady. Whrett Shipments Regular. World shipments of wheat last week and In the same week last year were: Wk. Ended Wk nnrirt Jan. '21. V. S. and Canada... 7,504. ooo Argentina 20.0(10 Australia 1,416. (Mm) Others 688.000 Jan.-17. '20, 5.637.000 3.143.000 1.148.0UO Total 9,683.000 8.928.000 Shipments for the season to date com pare as follows: Total Since June 2S. '21. V. S. and Canada. 2l,Ssj.ooo Argentina 39.3OS.O00 Australia 16.07n.ooo Others 3.KO8.000 Same Perid Last Season. 200,401.0(10 97,44.01)0 58.493.000 1.812.000 Total . .321.068.000 358.192.000 Supply of Breadstnffs Decreased. The world supply of breadstuffs is nearly 100,000,000 bushels smaller than a year ago. Stocks on hand at the beginning of this year and a year ago were: . Jan. 1. '21 Jan. 1. '20. Afloat for Europe.. 35. 510,000 64.120,000 In store in U. K.... 32,590.000 9.3T0.0O0 In store, Argentina. 740.0(H) 4. 7O7.OO0 In store, Australia. 9.000,0"0 75,000,000 In store. U. 2....... 7,196,000 130,186,000 Oils. LINSEED OIL Raw. In barrels. $101: drums, 11.08; cases. $1.16. Boiled, In tar rels. $1.03: dmms. $1.10; cases, $1.18. TURPENTINE In tanks. $1.21; cases. 11.36 COAL OIL Tank wagons and iron bar rels. 1714c; cases, 30fi37c. FUEL OIL Bulk. 12 33 per barrel. GASOLINE Tank wagons and Iron bar rels. 29c; cases 4114c. Naval Stores. SAVANNAH. G Jan. 20. Turpentine. quiet. 9214c: no sales. (Last sale Novem ber 20 at 2Hc). Receipts, 154 barrels; shipments, 823 barrels; stock. 13,753 barrels. Rosin Quiet: no sales. (Last sale November 21 at $11.00). Receipts, 257 barrels; shipments, 1314 barrels; stock, 84I195 barrels. Quote: A, B, C, D. F, G, H, I, J, K, M, N, WQ, WW. $11.00. Metal Market. NEW YORK. Jan. 20. Copper Steady: electrolytic, spot and nearby and first quarter, 1331314c; second quarter, 1314 t1314c Iron Nominally unchanged. Tin Firm; spot and nearby. $36.73: futures. 37.50e 37.75. Lead Steady: spot, $4.75. Antimony Spot, $3.23(5.50. Zinc Steady: East St. Louis, spot. $5.45 5.60. Dried Fruit at New York. NEW YORK, Jan. 20. Evaporated apples, weak; prunes, firm; peaches, dull. New York Sugar Market. NEW YORK. Jan. 20. Raw sugar. centrifugal, $5.39; refined, fine granu lated, $1.(0. New York Cotton Market. NEW YORK. Jan. 20. Cotton Snot. quiet; middling, $17.35. DETROIT MICHIGAN 6 Per Cent Bonds Due 1927 To Net 5.75 Free From Federal Income Tax F.l.nevereaux&ffi INVESTMENT BONDS 87 Sixth strut - wells Fargo bloo, broadway 1042 fORTLANDOREGON Reading 13.200 Rep Ir ft Steel 2.S00 Royal D N Y 9,700 Shell Tr 1 Td 4,500 Sin Oil & Rfg 13,000 Southern Pac 4,000 Southern Rwy 3.S00 S O N J Pfd 2.200 Studebak Corp 13.4O0 Texas company 12. 500 Texas Paclf 8,o0 Tobacco Pdts 8.600 Transconti Oil 12,600 Union Pacific 1.600 U S Food Pdts 5.300 U S Ind Alchl 2.S00 U S Rtl Stores 11.800 U S Rubber... 10.900 U S Steel 15.4O0 U S Steel Pfd 500 Utah Copper.. West Electric 600 Willys - Overld 2.700 BONDS. U S 2s cpn. .. .'100 V 3 cv 4s reg.104 Panama 8s, cp 111 ' Am T & T cv 6s. 9014 Atchen gen 4s. . .79 D & R Con. 4s. .66 N Y Cen D 6s. .9214 Nor Pac 4s. X ... 78 14 Pac. T & T 5s... 82 Penn Con 414s. . .9014 So Pac cv 5s 90 So Ry 5s 88T4 6114 29 69 27 2314 20 7314 9914 25 ilV4 1514 77 8914 3j vi 5714 16 64 2014 21 9S14 10414 1S 1314 32 19 55 11, 73 2114 10114 84 14 3 174 77 41 31 1414 80 69 69 46", 24 9814 2314 110 5514 45 21 57 , 11 120 - 27 70 58 72 83 111 14 39)4 45 814 Low. 48 28 12414 4714 4714 83 39 9314 79 V 99 54 67 Is 9 39 83 -9014 8)14 5714 13 14 36 115 - '41 is 70 60 2914 69 27 22 on 7114 95 2414 1314 12714 1414 76 89 li 1514 64 19 '. 2014 ' 97 162 18 13 31 19 55 . H, ' 72 20 101 82 3 17 76 41 V, 30 1314 84 6714 67 41 24 9714 53 44H 19 B6... 1014 119 2514 69 6614 69 82 11114 57 4514 8 Last sal 48 z8 124 47 47 83 39 94 SO 1)9 67 9 39 S3 72 DO1. 8314 Of 131 36 116 4114 (O 60 '4 2!) lj - 09 27 23 29 71 96 24 l-'l 15 ' 7614 8914 35 av(V 1 64 19 2014 9ls 162 181, 13 31 19 11 7214 20 101 82 8 17 76 41 30 14 84 6714 67 45 24 97 23 2 108 03 44 20 . 511 10 119 26 bit 56 TO 82 111 5TH 45 8 Union Pac 4s, U S steel 5s., lU 8 Lib 314s. do 1st 4s. . . do 2d 4s... do 1st 4s. do 2d 414s. ..87.98 do 3d 4s...91.02 do 4th 4s. . .88.88 Vic 3s 97.24 OO ..84 ..S ..97.30 ..8S.2 ..87.90 .88.00 Bid. Boston Closing Mining. BOSTON, Mass., Jan. 20. Closing quota tlons: Alloues 20 lOld Don 20 Arls Com 8 lOsceoIa 28 "al : Ariz 49'Uuincy B9 Cal & Hecla....243 ISuperlor 3 ?entennial .... 9 ISup & Bos Min. 1 Have you investigated the opportunity opened to you by the high sield that you may derive through the City of Tonpenish 7 bonds we .own and offer to yield you a lull iVo, income lai .exempt: Toppenish is the trade center of a vast area ox tne famous Takima valley, the most pro ductive and the wealthiest ag ricultural district in the Northwest. 1 to 9-year 7 s at 100 Cash or Partial Payment Plan Wire orders collect State maturity preferred ground floor ' Lumsisjmcns Building Fifth and Stsm ' WT B740 .Bond Department INCOME TAX EXEMPT MUNICIPAL BONDS YIELDS TO These bonds are paid out of taxes and TAXES ARE SURE Rate Dae Beaverton, Or., Imp 6 .1923-29 Columbus Irr. Dist., Mont 6 1927-36 Cowlitz County Diking Dist. 1 1 ..7 1 922-36 Hardin. Mont., Imp 6 1926-29 Rainier, Or., General ...... .x . 5Ve Scio, Or., Imp . ........ .6 Yield 6 7Vz 7 6.90 to 7.35 1940 6 1934-40 6 Province of Ontario.. .3-year, 6, yield 7VZ Wheeler Timber.. ...... 5-year, 734, yield 7 LUM2EKMENS TRUST C OMFAMY Broadway and Oak Cod Eanse Con 33 'Shannon 1 East But Cop Jt 9Vi!l'tah Con .... 414 Franklin 2 IWhiona 50 Is Hoy (Copper) 21 Wolverine- 1114 Lane Copoer .. zk Granoy Cons ..2414 Mohawk 4G14Oreene Can ....22 nortn iutte. . . . 10 Honey, Sliver, Etc. NEW YORK. Jan.- 20. Prime mercan tile paper, 7ft $8 per cent; call money, steady; high, 7; low, 6; ruling rats, 6; closing bid, 6; offered at, 7; last loan, 7. Time loans, steady; 60 days, 90 days and six months, 6 ('614 per cent. Bar silver, domestic, 9914c; foreign, C7Hc; Mexican dollars, 5114c. LONDON, Jan. 20. Bar silver, 4054 d per ounce. Money, 5!4 per cent. Dis count rates, short bills, 6ia 61i per cent; three months' bills, 6 per cent. Foreign Bonds. Following foreign bond quotations ars furnished by the Overbeck 4 Cooks Co. of Portland: - ' Bid. Ask. Russian 514s, 1921 12 14 Russian 514s, 1926 9 12 Russian 014s, 1919 14 16 Currency 45 50 French 6. 1931 5214 5414 French 4s. 1917 43 45 French 5s, 1920 62 64 Italian 5s. 1918 26fc 2714 British 5s, 1922 370 S80 British 6s, 1927 857 ' 370 British 5s. 1929 365 British vky 4s .' 296 British ref. 4s .- 208 Belgium rest 5s 60 03 Belgium prem 5s 64 67 German W. L. 5s 1214 .13 54 Berlin 4s 14 15 Mamburg 4s 14 16 Hamburg 414s 15 16 Leipsig 414s 15 - '17 Leipsig 5s 16 1714 Munich 4s v 15 1614 Munich 5s 17 19 Frankfort 4s 16 1714 Jap 4s 60 60 14 Jap 1st 414s 7714 7S Jap 2d 414s 1614 77H Paris 6s 96 97 U K 514s. 1921 99 95)14 U K 514 s. 1922 95 95 U K 514s, 1929 89 89 U K 514s, 1937 .. 80 86 1 Foreign Exchange. Foreign exchange rates at close of busi ness yesterday, furnished by Northwestern National bank of Portland. The amount quoted Is the equivalent in United States dollars: Country. TJnit. Austria, kronen Belgium, francs Bulgaria, leva Czeoho-SIovakia, kronen Denmark, kroner England, pound sterling. Finland, finmark France, francs Germany, marks . . . Greece, drachmas .. Holland, culiders Hungary, kronen ... Italy, lire Jugo-SIavia, kronen Norway, kroner .... Portugal, escudos . . Roumanta, lei Rate. .8.0024 . .0700 . .0123 . .0140 . .19X8 .3.8100 . .or;28 . .0605 . .0173 . .0755 . .332.8 . .0024 . .0362 . .0075 . .1915 . .1170 0138 Japan, yen .4875 Serbia, dlnara 0286 Spain, pesetas .1:105 Sweden, kroner 21H0 Switzerland, francs 1585 China Hongkong, local currency.. .5i(K Shanghai, taels 160O NEW YORK, Jan. 20. Exchange, firm; sterling, demand, 3.77; cables, 3.77 ; francs, demand, 6.54; cables, 8.56; Bel gian francs, demand, 6.86; cables, 6.88; guilders, demand, 33.15; cables, 33.25; lire, demand, 8.54; cables, 3.50; marks, demand, 1.62; cables, 1.63; Greece, de mand. 7.47; Argentine, demand, 34.75; Brasilian, demand, 15.00; Montreal, 1214 per cent discount. Swift A Co. Stocks. Closing prices for Swift & Co. stocks at Chicago were reported by the Overbeck & Cooke company of Portland as follows: twin & Co., 103 wift International 2SH Libby, McNeil & Llbby 12 4 National Leather 84 SAN FRANCISCO " PBODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Ftc, at Bay City. S.OI FRANCISCO. Jan. 20. Butter Extras, 45c; prime firsts, nominal. Bgss Fresh extras, 6114c; extra firsts. 61c; extra pullets, -53c: undersized pul lets. 53c. Cheese Flats, fancy 2414c: firsts, 23c; Young America, firsts. 32c. Vegetables Eggplant, southern, 6ffl0c: summer squash, nominal: potatoes, street prices. Rivers, 81.906i2.35. small box No. 1: Salinas, $3.153.25; sweets, $5.255.00 hundred; onions, Australian brown, 75 $1.00; green, Jl.254yl.50; beans, scarce, Mmas, 101214c; tomatoes. 75ce$1.00; &-4.O0 lug; celery, crate, $1.503.75. gar lic, 710c; cauliflower, 90c$l doz.; oab bage, lc lb.; bell peppers, southern, 15( 20c lb.; chile, 610c; turnips. SOc sk. ; beets, 81.25; parsnips. $1.75(i2.00: car rots, 811.25; peas, StfrlOc; rhubarb. :i3.50; lettuce, 81.752.20; artichokes. 70c&$1.25; spinach. 5&7c. Poultry Hens, 3i(iic; strictly young roosters, 4042c; old, 2223c; fryers, 45 aOc: broilers, 5053c; ducks, 3035c squabs, 70$f75c; Belgian hares, live, 24 27c; jackrabblts, $2.503.00 dozen; tur keys, dressed, 455(c; live, 43 46c;geese, 3235c: pigeons, old, S2-503.00. Fruit Navel oranges. 82.5014; lemons, 81.503.25; lemonettes, 81-502; grape fruit, new crop, gl.7a3; Arizona, 84W4.25 limes. $1. 254rl. 73: tangerines. $2.504 apples, Belief leura, nominal; Newtowns, 81.252.85; pears. Winter Nellls, nomilan bananas, 8(0(100. Receipts: Flour, 84 quarters: barley, 7271 centals: corn. 1800 centals: onions. 22 sacks; beans, 1103 sacks; hay. 126 tons; potatoes, 74-17 sacks; hides, 105 rolls; livestock, mm neaa. Dairy Produce Markets. , SEATTLE. Jan. 20. Ekes Select local ranch, white shells, 55o0c; pullets. 48c. Butter city creamery. In cubes. 44c bricks or prints, 45c; seconds, in cubes, 41c; bricks. 42c: country creamery extras, cost to Jobbers in cubes, 41c; storage nom lnal. . NEW YORK. Jan. 20. Butter Weak creamery higher than extras. 51!452c extras. 50"4 (U'Slc: firsts. 43i50c. Eggs Weak; fresh gathered extra firsts. 71c; ditto firsts. 684j70c. Cheese Firm, unchanged. CHICAGO. Jan. 20 Buttel Eggs Lower. Receipts Unchanged. 7554 cases; FACTS NO. 805. Local Service We have operated for oven ten years in Portland a thor oughly equipped laboratory, located- 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 corpa of in spectors and engineers, whose families live in Portland, travel over the northwest as far east as North Dakota and as far south as Arizona. ( This local service in connec tion with the construction of . our ! WARRENITE BITULITHIC Roads and Streets is PAVING . INSURANCE. WARREN B&OTHERS COJtPAJiT, The investor who seeks every safeguard .when purchasing bonds should first con sider the responsibility and permanence of the bond- house. Sixty-one years of continuous service is the record of the Ladd and Tilton Bank. A Substantial Utility Company of the Pacific Northwest a We Own and Offer for Investment First Mortgage 5 Bonds of the PACIFIC POWpR SLIGHT CO. Cue August 1, 1930 . Price to Yield This company serves exclusively the famous Yakima and Walla Walla Val leys in Washington and Pendleton, The Dalles, Hood River, and Astoria in Oregon. Seventy-five per cent of the. gross earnings are derived from the sale of electric light and power. ' We recommend these bonds as a safe and high-grade in vestment. BOND DEPARTMENT. &iaia(jAsj?isrfirWfatr Oldest in the Northwest WASHINGTON AT TH tfet(ffll BC IA)U llost' AN OPPORTUNITY! I want someone to put one or two thousand dollars with me for taking; moving; picture films In Alaska and -Yukon Territory. Pictures will be mostly of wild life of the Northland such as moose, sheep, caribou, goat, bear, etc. Some scenic pictures will also be taken. This is an opportunity for someone to make good "returns for a small investment. -For interview address AM 340 Oregoniap. " National Bank of Commerce - . inNewYork Established 1839 STATEMENT OF CONDITION DECEMBER ' Resources ' Loans and Discounts U. S. Victory Notes and Certificates of Indebted ness : . . . . . Other Bonds and Securities U. S. Government Securities Borrowed '. Stock of Federal Reserve Bank Banking House Cash, Exchanges, and due f romFederal ReserveBank Due from Banks and Bankers Interest Accrued ' Customers' Liability under Letters of Credit and Acceptances $363,039,317.53 2,678,179.53 8,892,850.53 6,200,000.00 1,500,000.00 4,000,000.00 113,656,159.26 14,944.991.64 ; 427,792.97 39,712.713.18 $555,052,004.69 29, 1920 Liabilities Capital Paid up $25,000,000.00 Surplus... 25,000,000.00 Undivided Profits 8,519,833.42 Deposits 362,S44,972.00 U. S. Government Securities Borrowed 6,200,000.00 Bills Payable and Redis-" counts with Federal Re serve Bank , 72,425,150.00 Reserved for Taxes, etc... 3,929,095.93 Unearned Discount.'. 3,666,107.26 Letters of Credit and Ac ceptances 43,716,841.05 Other Liabilities 3,750,000.00 $555,052,004.65 hi ' 1 pursioiirr 1 JAMES S. ALEXANDER IB N VICf-MSDrTS J. HOWARD ARDREY HERBERT P. HOWELL FARIS R. RUS9ELL JOSEPH A. BRODERICK LOUIS A. KE I DEL STEVENSON E. WARD GUV EMERSON . DAVID H. G. PENNY ROGER H. WILLIAMS , JOHN E. ROVENSKY trcooo vicr-rKisiDBHra HARRY P. BARRANO miywcii EDWARD H. RAW1S LOUIS P. CHRISTENSON rBiK? MCYfR MAXWELL EVERETT E. RI8LEY !l JAMES I. CLARKE rHANi MtTtit HENRY C. STEVENS ' HI ' CSSMfEff ' AUDITOR H ROY H. PASSMORE ALBERT EMERTON 118 , omaoTOKa ill JAMES S. ALEXANDER HERBERT P. HOWELL CHARLES H. RUSSELL' HI WILLIAM A. DAY ANDREW W. MELLON VALENTINE P. SNYDER I HENRY W. da FOREST HARRY B. THAYER HI FORREST F. DRYDEN JAMES TIMPSON j CHARLES E. DUNLAP (S THOMAS WILLIAMS I mm " wWJ$i " ' ' firsts, 60o; ordinary firsts. 6557o: t mark, cases Included, &7ffrG9c Coffee Futures Lower. NOT'TORK, Jan. "50. A.ftsr opening i at a decline of 6(S12 points under real izing and disappointing Brazilian cables, the market for coffee futures rallied on reiterated rumors of Brasilian loan nego tiations. May contracts sold up from t8.b3 to SO.SIO, or back to last nlKht's close, but met renewed realizing which became a littls more active In the late trading, owing to the failure of cost and freight offers-to show any -Improvement in Brazil. May closed at R.SOc. with the general list 10 to 11 points lower. January. 6.50c; May, 6 S0c: July, 7.H0C; Sept.. 7.&3c: Oct.. 7.tt!ic: Dec.. 7.90c Spot coffee was reported in fair de mand with prices nominally unchanged on the basis of 64c to c for Rio 7a and 91i to 9c for Sant"3 4s. Phone your want ads to The Ore gonian. Main 7070, Automatic 560-95. We sell honds of principal for eign governments and municipali ties at current rates and offer at tractive installment terms on cer tain issues. Call, write or wire for quota tions, dates of maturity, etc. H. E. WILLS COMPANY Foreign Government and Munici pal Honda. Phone Bdwy. 1011. 800-2 Henry Bids. Portland. Or. r Pacific Power & Light Co. First Mortgage 5 Gold Bonds Due August 1, 1930 This Company serves, without competition, Walla Walla, Yakima and Vancouver, Washington, and The Dalles, Pendleton and Hood River, Oregon. These bonds constitute a first mortgage on the entire prop erty. Net earnings for the past ten years have been equal to over two times the bond interest charges. During the past four years the Company has in creased its number of consumers 53, representing a steady growth. 71 of the company's gross earn ings are derived from the sale of electricity. Price 80.25 Yielding 8 Blyth, Witter, &,Co. Ycon Bldg.. PORTLAND SEATTLE - SAN FRANCISCO -LOS ANGELES - NEW YOaiC. FOURTH )VAiiKrNTl'N STRUTS ' Conservative Irj Today is "Make A Will Day." Call your attorney when you reach your office this morning. Mak ing a will should not be postponed. We offer the remaining bonds of KIMBERLY, IDAHO To Yield 7.50 KEELER BROTHERS Investment Securities Portland Denver United States National Bank Building It SB EttM I g 3 Sitt ings A Twenty-Year First and Refunding Mortgage Gold Bond at price to yield 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. Ia $500 and $1000 denominations Circular upon request for OE36S The National City Company Offices In more than BO cities Portlfind, ion Hide Telephone Main o;a Droadnar 5800 7 FARM MORTGAGE NOTES A-rallable for Immediate Delivery No. 76i Total Issue, $13,000. t'nsold, $ 7,000 No. 7705 Total Issue, $11,000. tnsold, $11,000 Secured by first mortgages on high improved wheat farms of Wasco county, Oregon. Loans are less than 30 of our conserva tive appraisement. v Full Information Upon Request ' Western Bond & Mortgage Company MAIN 113. 80 FOURTH ST. INVESTORS IT WILL PAY YOU TO INVESTIGATE An Oregon specialised banking corporation closely connected with one of Portland's oldest banks is putting out an au thorized issue of preferred stock certificates redeemable at par at the holder's option. This is a safe, conservative in vestment and has never paid less than 10 per cent. Your banker i3 our reference. Full particulars on request. P. O. BOX 4152 Portland, Oregon HERRIN & RHODES, INC. Railway Exchange Bid. Mala 2S3. Established lSDfl. Seattle l'ortland, TacoDiA, Fast private duplex wire const to coast. Storks, Bo ad a, Grain, Cotton, Foreign Exchange. ALL MARKETABLE SECURITnCS. Members Chicago Board of Trade. Correspondents E. F. Hutton & Co. Mem hern New York Block Exchange. New York Cotton Exchanre. New Orleans Cutton Exchange. LIBERTY AND VICTORY BONDS. Headquarters for buying and sullintf all issues. Large or small lots.