THE 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.