TIIE MOKXTXG OREGOXIAN, THURSDAY, FEBRUARY 3,-1931
GBEAS
t
POTATO HOLDINGS
Butter, lbs. 274,243 413.855
Cheese. Iba 13j,.V 619.142
Rgvs, caa?s ..... 10 2.124
Poultry, Iba. 265.811 228.750
Borar Decline tenia.
The coast sugar market yesterday fol
lowed the eastern decline with a general
reduction. Local jobblnc price were cut
30 cent a hundred to S for cane granu
lated and to 7.!H for beet sugar.
Stocks 18,000,000 Bushels
More Than Year Ago.
MOVEMENT IS NOT ACTIVE
So Promise Held Out ot Better
Marketing Conditions; Ore
gon Outlet Is Limited.
From present Indications t-ere will he
B Improvement in potato price this sea
son. The stock of good marketable pota
toes left In Oreson is less than a year ago,
bat In other sections of the country 4here
1 a large surplus, the supply amounting
to about 3S.000.000 bushels more than last
year.
At the moment the Oregon market 1
quieL The only demand that can be filled
Is from California, and buyers there will
take only limited quantities ot the best
grade. For this class of stock, buyers are
offering $1.15r 1.2." to farmers. To get
Into the southwestern market, potatoes
would have to be bought here at from 73
cents to $1.15 In order to compete with
Idaho and Colorado sellers, and Oregon
growers will not accept these prices.
Shipments to the south la January
amounted to 111 cars from points reached
by the Southern Pacific and 31 cars from
other sections.
The bureau of crop estimates, la a sum
mary issued yesterday, estimates the total
commercial -potato stocks in the United
States at 115.2SC.UO0 bushels on January 1,
lO-l. This compares with stocks ef 127.-
40o,0r0 bushels on January 1, 1020, and
'4.973,00o' bushels on January 1, l'.HD.
Holdings in the leading potato producing
states compare as follows:
Jan. 1. "21. Jan 1
XEW YORK,
trlfugaU 4.64c;
6.S3C
Feb. 2c Raw sugar, cen
reflned, fine granulated.
Bank Clearings.
Bank clearings of the northwestern cities
yesterday were as follows:
Clearings.
Portland $5.0!s.3'
Seattle 4.tl22.74
Tacoma ............. .VU.4K5
Spokane l.r:i2,4H3
Balances.
$l.XH.2.-0
1.0IS7.449
54.0S4
444,ilti
TOBIXAXD " MARKET QUOTATION'S
Grain, Floor, Feed. Eta.
Merchants' xchaoge, noon session:
'Wheat Feb. March.
Hard whit $1.51 1.31
Soft white 1.48 1.4
White-Club .' 1.4S 1.4H
Hard white j 1.41 1.41
Northern spring .............. 1.41 1.41
Red Walla 1.41 1.41
Oats
No. 2 white feed S2.5 32 50
Millrun 31.00 31.00
Com
No. 3 K. T. shipment . 29 00
Xo. 3 Y. delivery 2U.0O 2.0
FLOUR Family Da tents. $!)80: bakers'
hard wheat, $9.50: bakers' bluestem pat
ents, $; raHey patents. 7.W; whole
wheat. N 20; graham. $8.05.
JIILIFEKD Prices f. o. b. mill. Mill-
run, $35 per ton; rolled barley. $43043;
rolled oats. 144; scratch feed, 0 per ton.
corLN Whole. t-U: cracked, 4 per
ton.
HAT Buvlnr nrlre.i. f. o. b. Portland:
Alfalfa, ia per Ion; cheat. $2223 per
ton; clover. fM: valley timothy. $27928;
Eastern Oregon timothy, $30.
Maine
New York ..
Pennsylvania
?1!c li can ....
"Wisrnnin ...
Mlnnesi)U .. ..
Colorado ....
Idaho
Washington .
...12.177.ooo
...2l.73S.OOi
...12.o:i'i.'oo
. . . liI.0ss.iMM
. ..1.YSK7.IHN)
. . . 10.3W.ili0
... 4.477.0HO
... 3.542. Oil
. .. 4.2.O.OlK
2a
lS.nBl'.Olia
18.!-J.Oii
0.240. 000
.7i!J OHO
lu.220.ui to
8,!ttO.0ii0
4.1!.Yoo
2.478. t Hi
3.9SS.0O0
4 1 20
1 20 2 t 17
1S2 527 S.- 151'l
169 2723 8!3 1240
1 8
12
47 M4 87 844
68 1831 140 tiJT
4 1
3 1 17
179 247 300 10741
223 5.12 544
2 S3 22 W
2 6 37
WHEAT IlK.MEJt ' BUT STILL QUIET
Bid Are Xaised 1 to I Cento at Local
Board Semien. ,
The local wheat market responded to the
strength In the east, but no increase in
activity was reported. Bids at the Mer
chants' Exchange were advanced 1 to 3
cents. Coarse grains were unchanged.
The British wheat commission reiterated
that it is out of the wheat market until
March except for Australian and 11 an
ehurian wheat. .
A Buenos Ayres cable said: "Argentine
exporters are reported to have decided to
offer wheat to Europe free of tax, C. i. f.
wheat for Europe is figured at 6 cents
under American to the continent and near
ly 10 cents to the United Kingdom. Argen
tine forecasted shipments this week
Wheat. 923.000 bushels; corn. l.SOO.OOO
bushels; oats. 1.400.000 bushels; liaseed,
JO. 000 bushels.
Terminal receipts, in cars, were reported
by the Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
Portland. Wed. 55
Tear ago S
Season to date.in27
Year ago 57tW
Tacoma. Tues. 3
Year aa-o 7
Season to date. 3234
Year ago 47sO
Seattle. Tuc-S.. 13
Year ago 14
Season to date. 34!7
Year ago 4331
Astoria, to date 813
Tear ago...... 814
CROPS IX EUROPE ARE FORW.VRD
Further Sawing of Grain In India Is Impossible.
Cabling on grain crop conditions abroad,
Broomhall said:
Throughout the greater part of Europe
the winter la continuing very mild, and
crops generally look well. However, for
ward growth of cereals is causing some
anxiety.
India Two inches of rain has fal'en in
the Punjaue and United provinces. Crop
eonditioa of wheat unofficially fixed
TO per cent. This rainfall should prove
very beneficial to the grain already sown,
but further sowing of grain Is impossible.
for the season is now toe late.
Australia Heavy rains have fallen and
conditions are generally optimistic
SO IMPROVEMENT IX EGGS NOTED
Laeal Bnsinrs Is Done oa 35-Cent Basis.
Tone Weak.
There was no improvement In the egg
market yesterday. The tone was weak
and shipping orders lacking. Local busi
ness was done on the basis of 35 cents,
case count.
Butter was steady with a fair demand
for the better grade of cubes at the old
price. The print movement was mod
erate. Poultry was weak and slow. For heavy
hens. 28 cents was the outside price and
light hens went at 23 8 24c.
The country dressed meat market was
in good shape, with veal selling at 1S&6
10c and pork at 16c.
Wheat Exports Increased.
Total exports of the leading cereals and
Tour from the United States In December,
1920, and the same month of 1919 compare
as follows:
-Bushel
Barley
com . .
Oa ls . .
Hve
Wheat
Flour .
Dee., lo.'i). Dec. 1919.
2.520. !)1 433.S09
3.041. tisT
4i.ii.370
.. 5.K2I1.H31
. .25..s:i(i,270
y51,730
1.323.98U
3.432,242
2,41..-4t
0.519.7tS
1.312.9S2
Barrels.
Official figures for last year and
previous year follow:
-Bushers-
the
Barley ...
Corn
Oats
Hve
Yi'heat ..
Flour ....
1920.
. 17S.-.4.22T
. 17.7iil.420
. 12.S77.S74
. 57.07u.4SO
.21S.2sii.231
.19.853.95U
1019.
37.tSll.840
Il.lil2..-.s3
55.294.479
32.S9S. lijit
148. os t. 470
2ti.449.S81
Barrels.
Butter Stork Are Lighter.
Dairy produce holdings at Portland and
Feattie compare with stocks a year ago
a follows:
At Portland
Butter, lbs. .
Cheese, lbs. .
Kggs. cases .
Pouttry, lis.
At Seattie-
Feb. 1 Feb. 1,
1921. 1920.
220,140 2S9.SS7
78. .".23 2"5. 354
1 2H 207
173,1129 233.933
Feb. 1 Feb. 1.
1921. 1920
Dairy and Country Produce.
BITTEB Cubes, extras. 3940c pound;
print, parchment wrapped, in box lots,
45c ; cartons. 4 tic Butterfat. buying price,
30ff3.se pound at station; A grade, 43c;
B grade. 41c; Portland delivery.
EiitiS Buying rjrlcea. case count, 35c
delivered: Jobbing price to retailers,
candled ranch. 42c; selects, 44c
imeese Tillamook triDlets. price to
Jobbers f. o. b. Tillamook. 30c
POULTRY Hens. 23(&2Sc: springs, 23c
ducks, - 301i 40c; geese, nominal; tur
keys, live, nominal; do dressed, nominal.
PORK Fancy, 10c per pound. ,
VEAL Fancy, 18i819c
Fruits and Yege tables.
FRUIT Naval oranges. 3-255: lem
ons, $3.754.7 ibox: grapefruit. 38.50
per box: baaana. 12el3isc per pound
grapes, J4.50 Kg; apples, $1.35 'f 3.25 per
box. -
- VEETABLEri Cabbage.. 192C per
pouna; lertuce, J3. 50(13.7 per crate; car
rots, si. 50 per sack; garlic. 20 25c pound
beets. $2 per sac; cauliflower. $2.253.75
par crate; . celery. $4.5004.75 orate; green
peppers,- 23 30c per pound; sprouts, 20c
pound; rhubarb. 2uc oound: spinach. $24
2.25 box; turnips. $2.50 per sack; peas, 2c
pound; tomatoes. Stt.50 per lug.
POTATOES Oregon, $ 1.35 & 1.50 per 100
pounas; iaKima. 12; sweet potatoes. (C per
pounc, id. oo per hamper. .
ONIONS Oregon, $1.50 per sack; Call-
tornia brown, $1.50 91.73 per sack,
6tanle (irorerlea.
Local Jobbing cluotatlona;.
SUtiAR Sack basis: Can granulated.
ac per pound; beet, 7.90c per. pound.
NL'TS Walnuts, 15a27c, Brazil nuts.
34c; filberta, 1518c; almonds, 28030c
peannts, 9e,f2cper pound; cocoanuts, 12
per dozen; ptcaas, 23c," chestnuts, 30 o per
pound.
HONEY Comb,' $7.758.25 per case.
RICE Blue Rose, Oc per pound; Ja
pan style, 7c per pound.
BEANS Small white. 6e; large white.
Cc; pink, 7S,C; lima. 10c: bavou. 12Vic;
ground, ton 50s, $19.75; 100s. $18.25; lump
rea, ic per pound.
COFFEE Roasted, bulk, drums, HQ 36c
per pounu.
. SALT Uranuiateff. bale, $3.5034.25; half
ground too, sos. $19.75; 100. I18.2S; lump
(OUi, ).'U.OV.
Provisions.
HAMS All sixes, SO 6 33c; skinned, 269
32c: picnics, 21c.
bacon Fancy. 40 43c; choice. 30034c
standard, 26u.28c
iJinu r-ure, tierces, 19c pouod; com-
pouni. tierces. 13'i.c
"D8T SALT Backs. 2124c; plates, 18c
' Ride. Pelts, Etc
HIDES Salt hides, all weights, 6c per
jwwnv. a-ree-n ntoes, all weights. 3c; sslt
skins, all weights. 5c; green bulls. 4c; calf
kins, green or salt. 10c; kip skins, greoa
ur aaiv. oc; ury niaes, 12c; dry salt hides.
Uc; dry calf. 15c. Above prices for coun
try hides and skins. Prices for eliv .kin.
and hides follow: Calf skins. 12c per pound;
ii emus, oc; city packer Hides, green, 6c
PELTS Salt pelts, full wool, country.
33'jjoc; packers, 50o)6oe each; dry long
wool pelts, tine 7o pound; dry long wool
pelts, medium, 6e; dry long wool pelts.
coarse,a4c.
TALLOW Mo. 1. 5c; No. S. 4c pound.
CA.SCARA BARIC 1920 peel, 8o pound.
HOPS 1920 crop, choice, 24 5,25c pound.
UOL Local market based on ,a,irn
scoured values as follows: Eastern Ore
gon No, 1 Staple. SOtroic: eastern Oregon
Clothing, 604, U5c; V alley. No. 1. 65o Der
pound.
MOHAIR Nominal.
Bond Department
4
u
$1150 SECURITY
for Every $100 Bond
In addition the bonds are supported by taxation and money
raised by the issue goes directly into the district for fur- -ther
improvements.
6 Per Gent Gold Bonds
INCOME TAX EXEMPT
Alamo Municipal
Drainage District
of Big Horn County, Wyoming
Prices to Yield 1
Bonds due 1924-'38. Den. ?100, $500, $1000.
V:.,- . '-,
v-, ' Call, phone or write for circular
EKMEMS
THUS! CQMPAliT
BROADWAY AND OAK '
$5,000,000
The Beaver Board Companies
Eight Per Cent Twelve-Year Sinking Fund Gold Notes
Dated January 1,1921 " Due January 1, 1933
Tax Refund in Pennsylvania and in Massachusetts up to six per cent, '
The Company agrees to pay interest without deduction for tive oormal Federal Income Tax to tfae extent of 2 per cent
Callable as a whoJe or in part on any interest date as follows: at 106 and interest on or before January 1, 1924;
at 105 and interest after January l, 1924 and on or before January 1, 1927; and at decreasing prices to maturity
Central Union Trust Company of New York Trustee
Young
Oils.
LINSEED OIL, I'.IW In harr.l. 01-
5-galton cans, J1.14. Bulled. In barrels,
11.01; 5-gullon cans. $1.10,
TURPJSNTI.VS, - la tanks, 11.44; cases.
COAL Oil. Tank sraeona and Irnn
rels. 17c; cases, S037c.
FUEL OIL Bulk, JJ.35 per barrel.
GASOLINE Tank waeons inH Irn V,. .
rels. -Mc; cases, 41 uc
SAK sTBAXLISCO PRODUCE MARKET
Prices Carrent 00 Vrsetablra. Fresh FralU.
1 Cte at Bar City.
SAX FRANCISCO, Teb. 2 Butter Ex
as. lic; extrayriisis, 41tc.
ESs Fresh extras. 40c: extra firt
:-hic; extra pullets. 41c; undersized pul-
ieis, OOT..
Cheese Flats. fancv. 25i4er
America, fancy, 31c.
vegetables Eggplant, southern. Si15c:
cream stiuusn. 0uG.',c lug; potatoes, street
prices. Hivers l't2.33 for No. 1; Salinas,
t3i3.2u; sweets, $.i.L0Qa.5O; onions. Aus-
ralian brown. Ticai Jl: green. Slirl.sn hoi:
beans, nominal; tomatoes, southern. 75c as
$1.T5; cucumbers, hothoune, iarge, $2.54t
2 7S doa.; celery, crate $1.5063.00; garlic.
7W10c; cauliflower, uocrall dozen: cab
bage, lc lb.; bell peppers, southern 59
15e: chile, 5910c; turnips. 75ciatl23
sack; beets, fl.;02 sack; parsnips, il.75
-frj sacK: carrots, Sl.uu per sack; peas, ti(j
15c; rhubarb, southern, $'-'.uO2.73 bo&;
bay, loc lb.; lettuce. Il.Tiwa.SS crate:
artichokes, T5cH.60 dozen; spinach, t
r7c.
Poultry Hens. 3537c: strictly young
roosters. 37u40e: old. il'33c; fryers, 450
54e; broilers. 56itti0c; ducks, 303-V;
squabs, 7595c: Belgian hares, live, 2uQ
37c; geese. SL'(f35c; pigeons, old, t-.i03
dozen; turkeys, dressed, 42p46c; live, 43
f45o.
rruit Navel oranges, $24: lemona
23.50: lemonettes. il.502; grape
fruit. $233; Artaona, S404.5O: apDles,
Newtown, $1.2Jl2S3. pears, nominal; bt.
nanas, 89c.
Receipts Flour, 100 quarters: wheat.
24W centals: barley, 3BSC centais: hay. 140
tons: oats. 6o centals; corn, 500 centals:
onions, 241S sacks; livestock. 210 head;
potatoes, 4000 sacks; hides. 10 rolls.
r Metal Market.
NEW YORK. Feb. 2. Copper dull; elec
trolytic, spot and first quarter, 12ffl3o.
Iron unchanged.
Tin easy; spot and nearby, 32'32y.c;
futures. S3S33C.
Antimony Spot, 3..G2c,
Lf-ad dull; spot, 44c.
Zinc easy: East St. l.ouls. spot. 5itx5.15c
PfflCS HUE STRONGER
ADVANXE R13IrCES LOSSES IX
OTHER QUARTERS. .
S T K H 4 H 900
Nor & Western 1,000
Northern Pacif 3.SiM
Ok Pd & Rfg 1,"0
Pan-Am Petrol 4.000
Pennsylvania.. 3.5O0
Pitts & W Va Sou
Ray Con Cop 500
Reading S.200
Rep Ir & Steel 4.100
Royal D X X 6.100
Shell Td & Tr BOO
Sin Oil & Rfg 6.4(J
Southern Tacit 5.100
Southern By 3.500
S O X J Pfd 1IM0
Studebak Corp 12,500
Texas company 8.!Hto
Texas & Pacif. l,2tK)
Tobacco Pdts "oo
Transcontl Oil S.0
Union racincl,i0
U S Food Pdtsi.loO
1,20
4.200
U S P.ubber. , S.100
U S Steel. .. 13.100
U 8 Steel fd 400
rtah Copper,. 1.700
Western Union 00
West Electric 600
Willys - Over ld.v 1.600
BONDS.
Liberty Bonds Recover Greater
Part of Recent Declines Call :
Money Market Firmer-
NEW YORK. Fab. 2. Sentiment In stock
market circles today waa bearish, thatu 8 ind Aichl
... .i. i. rh V 3 Rtl Stores)
icruug iiiiuiiis iinfunii cv' co.t.m
pressure directed a alnst almost every
Important dlvlsloor ot! 'the jist. '
The money market, was a powerful fac
tor, call loans -opening; -at 8 per ceitt.ths
highest initial rate -atnoa the middle ot
last November, and-, advancing to 0 per
cent in the final hoar. . Quotations for
time funds and commercial paper were
unaltered, but offerings were small.
Further nnsettlement m the commodity
markets Indicated by' an extension of price
reductions for crude and 'refrced oils and
the sharp competition In the sugar trade
were among significant stdellahta thrown
upon, Industrial conditions. These devel
opments coincided with additional an
nouncements of wage reductions; more re
trenchment of operations by the railroads
and a budget of railroad earnings which
were not calculated to stimulate a demand
for transportation securities.
Rails, howeyer, were the only relatively
strong Issues, especially Great Northern
and Northern Pacific, those stocks rising
briskly In the laat hour and aiding mate
rially toward reducing losses elsewhere.
Sales were 525.000 shares.
In the foreign exchange market a radi
cal change for the better occurred, Daseti,
according to reports, on short covering.
The London rates made up more than
yesterday's loss and substantial strength
was evidenced by quotations to France,
Belgium, Italy, Switzerland and Sweden,
also to China.
Liberty Issues featured the narrow deal
ings In the bond market, recovering the
greater part of their recent declines, but
rails, industrials and equipment were, dis
posed to ease moderately. Total sales, par
value, tl3.300.000. Old United States gov
ernment 2s rose hi per cent and the 4a
per cent on call.
CLOSING STOCK QUOTATIONS.
20 20-4 20 H
9 0 90 90
88 4 85 8 i
- 3 S 3
74 4 73 Ml 74 i
404e 40 V 4'J4
2 28 2S 5
13 13 . 13
83 8244 82
SoH. 64 654
63',i 6214 62',,
41 ' 40 40 4
23 2:S. 231,
U0V 59i 98
22 14 22 22
10S 10H14 10Si
5714 5"i 5K74
. 43 "4 42
21 20 14 21
53 -.52 63
10 .. 9
110 11S 119
24 H 23 H 23 i
6-Si ' 67"4 67M,
55 53 54
tIS 7 ! 67
92 -'81'i 82
lll4 111V4 nm
50 55 56 H
S..-54 85 8r'4
4.-. 4 Ti 4314
814 8 8
Business: The Beaver Board Companies manufactures a general line of materials used in the
building trade. Its products are handled by over" 15,000 dealers, and with its subsidiaries it is
the largest manufacturer of waDboard in the world and one of the largest manufacturers of
roofing and gypsum products. One of its chief properties is The Vulcanite Roofing Company
Sales.
Am Beet Sue 1.900
American Can 6.3'M1
Am Car & Fdy 1,200
Am H A L P;d 5.400
Am Inter Corp 3.000
American 1-oco -hio
Am Srt & Rfg 8.300
American Sug 5,500
Am Sum Tob 500
Am Tel 4 Tel 1.10O
American Wool 4.200
Am Z L & S 100
Anaconda Cop 2.100
Atchison 1.309
At Gl ft W in 7,200
ualdwin
Haiti Sc
Dethie Steel B
Cal Petroleum
Canadian Pacif
entrl Leather
( handler Mtrs
Ches & Ohio
Chi Mil & St P
Chicgo sSW
Chi k 1 s Pac
Chino Copper..
l olo r"l ee iron
Corn Product
Crucible Steel 11.300
Cuba Cane Sug 1.200
&rie uoo
tienerl Electric 500
(iwnerl .Motors 12.300
llrt North Pfd S.0"0
Illinois Central
Insplra Copper
nt Me Sla Prl
Interna Nickel
nterna paper
Kan Cty South
Kcnne Copper
Louis Jk Nash
Mex Petroleum 20,500
Miami Copper 30(1
Mid States Oil 5.400
Midvale Steel 1.7O0
Missouri Pacif inio
Nevada Copper loo
V v York I'm 1.2""
Loco 20.500
Ohio 5.500
5.7(H)
2.500
800
8,700
3,300
2iN)
1.8O0
30
2.4HO
400
200
2.500
00
500
1.7(H)
' 2oo
4,300
4110
2.100
HH
High,
43
30
121
43
40 14
82
42
sin
79
99 "4
66
8
8S
82
69
8S
34
56
85
lltt
7'.
. 27 $
6714
2
22
29
70
92
n
127
14
7"
S
34
52
15
5S
19
19
99
156
18
13
31
lsi
n
Low.
42
29
121
10
45
81
40
89
79
99
65
8
38
81
67
87
33
55
34..
115
39
69
59
20
7
26
22
29
69
91 14
21
13
127
73
SS
34
51
13
57
19
19
99
154
18
13
30
18
1114
71
Last
s;i;e.
42
29
121
41
45
81
90
79
9!l
65
8
38
81
6S
88
33
56
34
116
39
70
5814
27
67
26
22
29
70
92
21
127
14.
77
88
34
61
58
19
19
99
156 '4
18
13
3(
18
11
71
95
78
90
87
82
94
V a Ub. 8s-. .-.91. SWA T ft T cr 6s
do 1st 4s 8.50iAtch gen 4s..
do 2d 4s. . . . .85.54ID & R G con 4s 63
do 1st 4s...8rt.T0'N Y C deb 6s.. 91
do 2d 4s. . .8K.24.N P 4s 77
do 3d 4s. ..8.5iN P 3s 55
do 4th 4 s... 8 .88! Pac T ft T 5s.. 83
Victory 3s ...97.1Pa con 4s.... 80
do 48 97.20.S f CV ns...
U a 2s rag. ., .99 So Ry 5a...
do coupon t.9fl'U P 4s
TJ s 4s reg...lo.-)i U S Steel Ss
ao coupon .."J03
Pan 3s reg 89 :
do coupon . . ,90 1 Bid.
Mining; Stocks at, Boaton.
BOSTON, Feb. 2. ClosinB quotations:
Allouez 20 lOld Horn 19
Calu ft Ariz... 49 North Butte ... 11
Calu & Hecla..246 (Osceola 27
Centennial .... 9CJuincy , 39
East Butte ... 9 li Superior 3
uop Kange .... s wup Ac .Boston.. l
rranklin 2 Shannon ..
Isle Royaljo ', .. 20 lUtah Con .
Laka Copper... 3 IWinona ...
Mohawk 46 Wolverine
1
63
12
Money, Silver, Etc
NEW YORK, Feb. 2. Prime mercantile
paper, 7 per cent.
Time loans, firmer, 60 days, 90 days and
six months, 6 7 per cent.
Call money, firm: high. 9 per cent: low.
8 per cent; ruling rate, 8 per cent; closing
bid. 8 per cent; offered at 8 per cent; last
loan, 9 per cent.
Bar silver, domestle, 99c; foreign 61 c.
Mexican, dollars, 46 e.
LONDON, Feb. 2. Bar silver 34 d per
ounce. Money 4 per cent. Discount
rates, short and three montha bills 6
per cent.
Security: These notes are the senior issue and
only funded debt of the Company with the ex
ception of $927,689 of mortgages and serial notes
of three subsidiaries, existing when acquired.
The Company, out of its total assets upon its
balance sheet of more than $38,000,000, has appli
cable to this issue net assets of $24,221,000 or
4V2 times the amount of notes outstanding, while
the net quick assets amount to $10,830,000 or
more than 200 of the principal of this issue.
The Company covenants that no mortgage, other
than purchase mqney mortgages, shall be placed
upon its property or those of its subsidiaries dur
ing the life of these notes, and that it will always
.maintain net quick assets equal to at least 125 of
the principal amount of notes outstanding.
Earnings: -The Companies now constituting'
The Beaver Board Companies for the last five years
showed average net earnings applicable to this is
sue, after depreciation but before Federal taxes, of
more than five times the interest charges and during
the first ten months of 1920 these earnings amount'
ed to $4,510,000 or over eleven times the in
terest charges on this issue for the entire year.
li)ventories:TheCIompanysinventorieswhidi
are largely manufactured by it from its own raw
materials have shown no appreciable shrinkage
from balance sheet values.
Purpose of Issue: The proceeds of this issue
are to be used as working capital for the increase
in business in 1921 expected by the management.
SINKING FUND : The Company covenants to pay annually to the Trustee for the retirement
of these notes, either in cash or in notes of this issue, the following amounts on the following dates:
December 31, 192,1, $100,000 December 51, 1924, $aoopoo December 31, 1927, $50000
December 31, 1925, $300,000
December 31, 1926, $490,000
December 31, 1922, $200,000
December 31. 1923, $2ocooo
December 31, 1928, $500,000
December 31, 1929, $600,000
December 31, 1930, $600,000
December 31, 193 1, $700,000
December 31, 1932, $700,000
The Company agrees to make application to list these notes on the New York Stock Exchange
Price 99 and interest
IMBKEE Sl CO. ,
208 SOUTH LA SALLE STREET
NEW YORK CHICAGO BOSTON
Federal Securities Corporation
38 SOUTH DEARBORN STREET
CHICAGO '
Tbs informsdon sod these statistics ate oat guaranteed, bat have been ootained from sources c seuew to be accatast
Foreran Bonds.
Following foreign bond quotations are
furnished by the Overbecit & Cooke com
pany of Portland:
Russian 5s. 1921
ao os, iuo ...
do IMS ...
Currency
French Js. 1931 ...
do 4s. W17
do 5s. 1U20
Italian 5s, 1!)18 ...
British us. 101-2 ...
do 5s. 1027
do 5s, mint
do vky 4a
do ref 4s
Belgium rest 5s ..
do prem 5s
German W. I 5s .
Berlin 4s
Hamburg 4s
do 4Vis
Leipsis 4Vs
do 5s
Munich Sf
do 5s
Frankfort 4a ,
Jap 4s
do 1st 44s ,
do 2d 4Hi
Paris sixus
U K 5Vis, 121
do 5 4s, 1U22 ....
do 514s. 191'St ....
do ri,i, 11137 ....
Can. Pac 6s
Bid.
.. 12
. . 10
.. 15
. . 45
. . 68 '
.. 4
.. M
.. 27
. .379
. .St9
. .80
. .2H2
..2.10
.. 6li
. . 72
.. 12
.. 14
-. 1414
.. 15
.. 14
.. 15
.. 14
.. 17
.. 16
.. 61H
..
..
, .
. . B4
.. 11514
.. US'
.. 814
..
Ask.
14
14
17
52
60
50
70
28
91
81
72
305
71
68
74
131,
15
16
18
17
17
1614
19
IS
61
8114
81 V,
,
96
8014
87
cuoted is the equivalent In United States I I.lbby, McNeil Libby 12H
I Vutinnal Iaathar 84k
dollars:
Foreign Exchange.
Foreirn exchanze rates at close of bus!
na vojirentuv fitrniuhaH Kv 'nrrhlvesur. Swift & Co.
National bank of Portland. The amount Swift Intf rnntionl
'Country. Foreign unit.
Austria, Kronen
Belgium, francs
HulKaria. leva
Csecho-Slovakia. kronen
Denmark, kroner
Kngland, pound sterling
Finland, flnmark
France, francs
Gtimany. marks
Greece, drachmas
Holland, guilders
Hunuary, kronen
Italy, lire
Jugo-Slavia, kronen
Norway, kroner
Portugal, escudos
Houmania, lei
Serbia, dinara
Spain, pesetas
Sweden, kroner
Switzerland, franca
China
Hongkong, local currency .,
Shanghai, taels
Japan, yen
NEW YORK, Feb. 2. Exchange strong.
c..lT.. rt.rr.anrt 13 84: cables. 53.851S;
fr.nn. demand. 7.20: cables, 7.22. Belgian
. u riomonH 7 55: cables. 7.57: guild'
ers demand, 33.80; cables, 33.90; lire, de
mand 3.63; cables, 3.67; marks, aemana.
161: cables. 1.62; Greece, demand. 7.30;
,'..nniin. riAmnd. 35.37: Brazilian, de
mand, 15.25; Montreal. WH per tent dis
count.
Swift Co. Stocks.
Olosine prices for Swift Co. stocks at
Chicago were reported by the Overbeck &
Cooke company of Porllana as lollews.
.. I".
274
Rate.
. .035
. .0705
. .0145
. .013
. .l!tl0
. S.8000
. .080
. .0732
. .0172
. .0754
. .3413
. .0"27
. .0374
. .0080
. .1013
. .1160
. .0155
. .0305
. .1424
. .2S
. 4623
. .6100
. .6750
Rational Ivsathar
Cotton Market.
NEW YORK. Feb. 2. Cotton Spot
quiet; middling, 14.15c.
Read The Orearonian classlflsd ads.
Pried Fruit at New York.
NEW YORK, Feb. 2. Evaporated ap
ples quiet Prunes inactive. Peaches dull.
Dulnth Unseed Market.
DULUTH, Minn., Feb. 2. Linseed, on
track and to arrive, $1 71.
finiiniiiMirji
CITY OF ENTERPRISE, ORE.
6 General Obligation Imp. Bonds.
PRICK
Dated
Jan. 1, 1921
99.00 6.14 to 7.20
DKXOM. $;oo
Due
Jan. 1. 1921 to 1931
Ralph Schneeldck.Co.
KUNICmU AND CORPORATION flNANH
UJMBCRMCNB BUILOINO
POHTUMD. 0HBXM.
State of Oregon
GENERAL OBLIGATION HIGH
WAY BONDS
Dated Jan. 1, 1921
Due Serially 1926 to 1945
PRICE TO NET FROM
t 5.10 to 5.50
According to Maturity
Denomination $1000-$500
State of Washington
GENERAL OBLIGATION BONDS
(Payment Soldier Bonuses)
Dated Feb. 1, 1921
Optional Feb. 1, 1931
Due Feb. 1. 1941
PRICE 102.70 TO NET
5.15 to optional date
5.50 thereafter
Denomination $1000-$500
We Own and Offer Our Unsold Participation in $3,000,000
PORTLAND FLOURING MILLS CO.
First Mortgage 8 Fifteen-Year
Sinking Fund Gold Bonds
Dated February 1, 1921 Due February 1, 1936
Callable as a whole or in part on any interest date
upon thirty days' notice at 105 and interest.
Complete Details' Upon Request
Price 100 and Accrued Interest
Carstens & Earles. Incorporated
Sam Francisco
Los Angeles
Established 1S1.
Government, Municipal and Corporation Bonds.
L. 8. National Hank Bids.
Portland. Oregea,
Broadway 4108.
8eattl
Spokane
If sixty - one yrnra of continuous service as a
financial Institution means anything; to you as a
bond buyer, then the Ladd A Tllton bank recom
eaeada itMelf to the careful investor.
We offer for investment our allotment in a new
local issue of
$S00,000
PortlandGas and Coke Co,
7 Per Cent Gold Bonds
Dated January 1. 1021 Due Janawr I, 1940
Penominatlona $1000
The bonds are eecured by a freneral Hen on all
property of the company and additionally secured
by the deposit with the Trustees of an equal prin.
cipal amount of the company's first and refunding
mortgage 5 bonds. ...
These bonds present an exceptional Investment
opportunity in one of 'our most essential utilities.
The Portland Gas & Coke Co. is a permanently
established and arowinfr concern, and w recom
mend these securities as a conservative and attractive-investment.
Fall dftaiia on request
PRICE 5 AA'rf IXTEHEST.
II - Yielding
j Oldest in th e
f J! Northwest i3f
m WASHINGTON AT THIRD
1-
We offer our allotment of the
Danish Consolidated Municipal
25-Year B Sinking Fund External Gold Bonds
(Payment Guaranteed by the Kingdom of Denmark)
Dated February 1, 1921. Due February 1, 1946.
Redeemable at 107 H after February 1, 1931.
Price: 98 and Interest to Yield Over 8'
f. . pe ve re a ux 5jQ m p any
87 Sixth Street INVESTMENT BONDS Broadway 1042
PORTLAND. OREGON ' ,
City of
Vancouve
r
British Columbia
Due Feb. 1, 1923
412's at 93.41
to yield 8
Tax Exempt in Canada
Ask for Details
p SMITH
souse fvoo CAMP
Uhuimim UlUHMa
FtrrH and arana CO.
740
Wanted Salesmen who are
now taking orders for
Tailored Clothes, to rep
resent a large Northwest
Tailoring House estab
lished S3 years. Means
a l I C K K K UKRVH'K
JIOKH CIISTOMUHS anil
MOKU SIOMiV 1'OR VOL.
Address:
House of Irving
113 Columbia St., Seattle, ,
lanftWaantWaanWhe
HERRIN & RHODES, INC.
Railway Kxchaufto Bids, Mala 83
EatabLUhed 1890.
Seattle. Portland, Xaooam.
Fasi pvlvat duplex wlra coast ' to
oaat. Btoclca, Buuda, Oralo, Cotton,
Foreign aUchanga.
ALL MARKETABLE SECCRITHCH.
Members Cblcairo Board of Trade.
CorieapoDdouta a. V. Uutton 4k Co.
Hrmbera
Maw York Stock fcxehanre.
Niw York Cotton Exchange.
New Orleans Cotton Kxchapce.
LIBERTY AISU VICTORY BONUS.
Headquarters for buying and selllog
all iiwues Large or small lota.
Phone your want ads to Th-t Ore-
gQniga. Main 7070, Automatic 560-94.