Morning Oregonian. (Portland, Or.) 1861-1937, February 11, 1921, Image 21

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Morning Oregonian., February 11, 1921, Page 21, Image 21

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Newspaper Page TextTIIE MORXIXG OREGOXIAX, FRIDAY, FEBRUARY 11, 1021 " . 21 K V LARGE WOOL DEA L IS PENDING El E Block ofl ,500,000 to 2,000, 000 Pounds, May Be Sold. NO INCREASE IN VALUES Freer Movement Is All That Deal ers Can Eipect at Present Time. Low Prices Abroad. Jonathan fancy, large, brought f: 20, mostly .50O: t0. Northwestern applca aold to New York Jobbers at the following range: Wlnesapa. estra fancy, large. $4.2304.50. moatly SI.2J; medium. JL.50fc3.T5; small.' 12.2.3 03. Romea. extra fancv, large. S3.50SM. moatly $3.75; medium, moatly 33.25; mall, t2.5O92.70; fancy, large, $3.25; few $3.7.5; medium, !2.Ta&3; amall. $2.25 92.50; Newtowna. extra large, 1 3. 25 j? 3.50. few $3.75; medium. $2.756 3; amall. $2.25 62.50. stayraans, extra fancy, large. $3.23 3.00; medium, $2.753; small, $2,256 2 50. Delicious, extra fancy, large, $5,250 5.50; medium. $4.50Q5.00: amall. $3.50 S: fancy large. $4.5001.75; medium. MS 4.25; small. $3 3. 25. V BCTTER MARKET IN GOOD SHAPE No Orer-Supplj of Cubes on the Street. ErT Very Weak. The 2 -cent advance In print butter was not feneral yesterday, but la expected to be followed by all the creameries today. The market la In rood shape without any over-supply of cubes. Eggs were bought on the street at from 24 to 25 cents with a few purchases at 26 cents case count. Country bida ranged from 23 to 2d cents. Jobbers reported a jjood Increase in local consumption. Poultry was In demand and hens, both large and small, were firm. Dressed pork was weaker at la cents. Veai was steady and unchanged. Bank Clearings, Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland $3,HS:i,647 $ 908.184 Seattle 3.851.436 1.069,169 Tacoina ... 4!7.m7 :i,I87 Spokane..' 1.663.Z32 750,344 PORTLAND MARKET Qf OTATIONS Graiav Floor. Feed, Etc Merchants Exchange, noori cession: Thre are no Iffns of improvement In wool prices, but there are more Indica tions of a freer movement, and this Is about all that can be expected at the present time. Whatever can be done to cut down the surplus will help the mar ket to Juttt that extent. It is understood that negotiations sre pending- tor ice sale of a block of from 1.500.000 to 2.000.000 pounds of wool stored in this city. The prices are said to-be those now current in the market, but beyond this details of the transac tion have not been given out. Wool men are of the opinion that grow ers should aid the movement as far as they can in spite of the unsatisfactory prices, because with a new clip soon to come on the only salvation of the market will be a reduction of the huge over-sup ply that has accumulated. Of last year's dome tic clip of some 275,000.000 pounds. about 80 per cent is still unsold and with la 90 days there will be another clip of equal size. With fine Australian wools coming into this country on the clean landed basis of 55 to 68 cents, there does not seem much chance for prices to im prove soon. A better feeling prevails In the wool market in the east, according to trade ad vires, but dealers there can see no foun dation on which an advancing price trend may be built. There has so far been lit- f lmnninn maris, nn th .Treat utoclCB I Wheat. IX. 20: graham, l$.0. u th. mA n,ni I M1L.LFEED Prices f. o. b. roiH. Mill . ,. . . . ' i.,!!.. run, $35 per ton; rolled oarley, $41 43 " rolled oats, $42; scratch feei, $58 per ton, Wheat Feb. March. Hard white $ l.W - $ l.0 Soft unite Lo 1.38 White ciub 1.37 1.57 Hard winter 1.4 147 Northern spring 1.50 1.50 Bed Walla 1.45 1.45 Oats No. 2 white feed 83.30 84.00 No. 2 gray 3 J. 00 Barle Brewing 30.00 30.00 Standard feed 2.0i 29.00 Millrun 31.00 31.00 corn No. 3 E. T shipment 30.00 80.50 No. I Y delivery 31.00 31.00 FLOUR Family patents, ;S0; bakers' hard wheat. $9501 bakers' t.uestem pat ents. $9; valley patents, $7.1K; whole Increase. Some authorities have called the stock of wool now in this country, plus what will be clipped here this year, as over a two years' supply. Says the New York Journal of Commerce: "From overseas markets this week have come reports of an Increase in American interests. This country Is said to' have been the leading buyer at the sales Melbourne. Orders are again flowing into the River Plate district from this market. Scotch wools have been bought and are now coming in. Cable reports tell of cer tain Bradford combers who are running overtime to fill orders from the United States for tops for nearby shipment. "In some quarters of the market this business In foreign centers is interpreted as being a rush to get materials here shead of any possible tariff, while others argue that it is merely the result of low prices abroad, which offer an attractive chance to purchase, while domestic grow ers are still holding back their last sea son's clip for figures in most cases above the market. aonw of the domestic growers are. however, showing themselves more dis posed to sell at the present time than at any time since their wool was shorn. Some of the Texas growth of 1920 is ported to be available at 23 to 30 cents In the grease. In Ohio some of the offer ings are near the market. It Is said to CORN Whole. $oU; cracited. $42 per toe. HAT Buying prices, t o. b. Portland Alfalfa. $19 per ton; cheat, 12223 per ton: clover, $18: valley tiraitny. -i6 eastern Oregon timothy, $30. to Dairy and Country Produce. BUTTER Cube extras. 39 40c pound prims, parchment wrapped, in box lots. 47c: cartons. 48c. Butterfa buying price, 42c; A grade, 4-50; B grade, 43c. Portland delivery. EGGS Busing prices. ue count. 23 J 25c delivered: jobbing price to retailers, cand.ed ranch. 32c: selects, 34c. CHEESE Tillamook triplets price Jobbers f. o. b. Tillamook. 33c; Youn Americas. 34c lb, POUTRT Hene, 24 23c; ducks, 409 4.--C geese, nominal; turkeys, live, nom inat: do: dressed, nominal. PORK Fancy, 15c per pound , EAL rancy, lttc per pouuo. Fruits and Vegetables. FRUITS Navel oranges, $3'35: lemons. $4.254.75; grapefruit, $38.75 per box bananas. 12 U 13 per pound; grapes, $4.50 lue: apples. $1.10&3.25 per box. VEGETABLES CabhaKe. 124C per pound; lettuce, $3.50&3.,3 per crate; car' rots, $1.50 per sack; garlic, 2025c pound beets. $1.75 per sack; cauliflower, $2&3.i per crate: celery, $4.505 per crate; green peppers, 23040c per pound; sprouts, 2c pound; rhubarb, 20c pound; spinach, ll.t u2.2a per box; turnips. $22. oM per sack b nojMfblft to hnv tinm rioiain tv.r 40 nt. peas, 20c pound; tomatoes. $6.50 per lug. net to th farmer If th. I. Ih. it POTATOES Oregon. $135 1.50 per 100 . w.-.,r. ur- nr noUnj. S4 oer hamtwr. ance. interest, etc., that make the wool a I ONIONS Oregon, fl.3Afrl.60 per sack bit Higher than the market on the east- I California brown, $1.3001.75 per sack. era seaboard. ' -' 1mported wools, which are bought In sterling, are trending higher as a result of the advance In exchange. Similar wool on the spot Is also held fractionally higher than it was two weeks ago. Ar gentine wools itf offering at about the aame landed costs, which are in the neighborhood of IS to 20 'cents for high . quarters and 12 cents on Lincoln.' H BEAT IS FIRM AND HIGHER Club and Hard White Bids Raised Two Cents. wneat was firm and higher u a result of the strength east Offerings In the In terior were reported to be .arte some of trcm at the previous day's prices, but buyers were slow to take bold. At the Merchants Exchange hard ahiie and club b'ds were advanced 2 cents. Other grades rsngea from unchanged to 4 cinta higher. Offers for gray oats were ra'ted 50 cent ano other coarse grains were enchsnged. The Merchants' Exchange association an nounced that, effective February 10. the differential ht wn .. , .u irouirf a eet. t-.s , . WOOL Ixcal market based on eastern . Btaple Groceries. ' T ni-.l InKMr r nuntutlnn.- SUGAR (sack basis) Cane granulated, 8c per pound; beet, 7.VOC perpound. NUTS walnuts. 134i27c; Brazil nuts. 34c; filberts. 15C?lsc; almonds, 2830c peanuts, wot 1 2c per pound; cocoanuts, $: per doxen; pecans, 23c; chestnuts, 30c per pound. HONEY Comb, $7.7588.25 per case. RICK Blue Hon, c per pound: Ja pan style. 7ic per pound. BEANS Small white, fic: large white. Be; pint, thc; lima, luc; bayou, 12ftc red, .H.C per pound. COFFEE Roasted, bulk, drums. 1436o per pound. salt tiranuiatea. bale. s3.so?4.25: half ground ton. aus, l.i5; lous, $18.25; lump rock, jiu.io. i Provisions, HAMS All sizes. 30 & 33c: skinned. 26a 4-c; picnics, zic. ' BACO.V Fancy. 40049c; choice. - 30 a 34c; standard, 2tl28c. LARD Pure, tierces, 19e pound: com pound, tierces, 33c DRY SALT Backs, 21924c; plates, 18c Wool. Hops, Etc heretofore, ut resacks 10 12 cents. Bad order sacks remain at 4 cents. Tne coarse grain differential Is $2.5 ton. These changes are due to the de- Ciin. In has prices. Terminal receipts. In ears. w,re reported uj tne Aiercnants- Exchanr, a, follows - Wheat.Barley.F;our.Oats.HaT. Port nia- inursoay 2 ... 8 ... 10 Season to date. . .11.141 IM 544 3s no .. 5.907 169 2797 4O0 1274 G.Btern Or.. ceni. instaa of i t0n No. 1 staple. 806 85c; eastern Oregon clothing, 60 & 65c; Valley, No. 1, 85c per pound. HIDES AND PELTS Nominal. TALLOW No. 1. 5c; No. 2, 4c pound CASCARA BARK 1920 peel. 8o pound. HOPS 19J0 crop, choice, 20c pound. HOHAIR Nominal. 10 8.324 4,940 lesr ago Tacoma "Wednesday .... Year aso .... Season to date . Year aeo .... Seattle "Wednesday .... Year aeo . Season to date. . Year ago .... Astoria To date 817 Year ago S.3 2 ... ... 10 1 47 655 93 8 19i3 145 8H6 6 it 3.581 1S1 4.411 227 260 311 10S5 457 1021 Oils. LINSEED OIL Raw, In barrels, 99c 5-gallon cans, $1.14. Boiled, in barrels; $1.01; 5-sail on cans, $1.16. , TURPENTINE In tanks. $1.24: cases. tl.39. coal, oil, Tank wagons and Iron barrels. 17Hc: cases, 306 37c. FUEL OIL Bulk, $2.35 per barrel. GASOLINE Tank wagons and iron barrels, 2Uc; cases. 41 He. 38 23 6 Coffee Futures Steady. NEW YORK. Feb. 10. The chief feature in the market for coffee futures today was continued near-month liquidation, mostly in the way of switching to later deliveries. March was exchanged for May at 46 to 48 points, for July at 87 points nd for September at lj points, while May was exchanged for July at 40 points. The general market opened at an advance of 3 to 6 points and closed steady at a net advance of 4 to 6 points. Closing bids: March 6.26; May 6.72; July 7.13: September 7.51; October 7.63; December 7.86. Spot . coffee, quiet; Rio 7s, 6 9 6M; Santos 4s. 9,10V Eastern Dairy Produce. At London Virginia York Imperials, all I creamery higher than extras. 43i44c: creamery extras, 4Jc; creamery firsts. 39 42c Eggs Unsettled; fresh gathered extra firsts, 40c; fresh gathered firsts, 37 14 & 39c. Cheese Irregular, unchanged. WESTERN FRUIT IN BRITISH ACCTION nasnington Apples) Sell at London. Liverpool and Manchester. Selling prfces of apples on British np. kets for the week ending February 7, ac- coraing to t. A. Foley. American azrirul tural trade commissioner at London, were as follows, conversions being made accord ing to the rate of exchange prevailing on Fibruary 5, when a shilling was worth H Kj ceats: grsucs, ora H.J191.01; Ben Davis, all grao.es, .j--o..i; New York Rhode Is land or-eenings. all grades. $8.628.81; an K-raues, a.fiQ7.H7 per barrel. uregon-vtasnmgton Wlnesaps. extra fancy, rangeu f-nni.o; tancy, $2.493.07; C graae. 11 ej.si : Newtowns. all grades. lancy, oa;; rancy, $2.493.07; C graae. si.iio : Newtons, all grades. i.gi,i.gi; vainornia, Newtowna, sji graaes, j to3-b per box. At Liverpool Baldwins, all grades, rangea ,4.4107.0a; .Ben Davis No. Is orougnt xj.75es.43; Virginia York Im perials, all grades. $1.9205.37: New York Rhode Island Greenings, all grades. S3 83 9.01 per barrel, Oregon Newtowna. extra tancy. ranged $3.2693.83; Ben Davis, fan cy. us.-.i; California Newtowna. all grades. $3.0763.16 per box. At Manchester New York Baldwins, all grades brought $6 98 8.81; Maine Bald wins, all grades. $6.71 7.67; Ben Davis, all grades. $3.127.21; Rhode Island Greenings, all grades, $3.8467.67; Wash ington York Imperials, all grades, ranged $i 30 04.79; California Newtona brought $3.12 33.45 per box. OREGON APPLES AT NEW TORE Large Sale of Nestowm and Jonathans - at Steady Prices. At the New 7ork apple auction. 2290 boxes of Oregon Newtowna were sold at $3 3.25 for large, extra fancy, 82.30&2.6S fur medium and $2.10S2.iti e assail. CHICAGO. Feb. 10. Butter Higher: creamery extras. 43c: standards, 42c Eggs Higher; receipts, 15.425 cases: firsts. 33tt 34c; ordinary -firsts. 3031c; at mark, cases Included 32 33c New York Sngar Market. NEW YORK, Feb. 10.-Raw sugar. 5.02e for centrifugal; 6.85c for fine granulated. Cotton Market. NEW YORK. Feb. 10. Cotton Soot. quW; middling. 13 8.1c. Bones' Department We have only a limited amount of these bonds. Greater Vancouver Sewer Dist. 5 Bonds These bonds, which mature in March. 1923, are general obligations of the cities of Vancouver. B. C, South Van couver, Burnaby and Point Grey. As against a $3,000,000 bonded debt this district has an assessed valuation of over $221,231,000. In addition the issue is further secured by debentures guaranteed by the Province of British Columbia. Price 94.56 to yield 8 Due 6 Burnaby, BC. 1924 6 British Columbia, guar... 1922 ' Price Yield 93.27 8 98.11 8 m Phone, wire or give order immediately, LUM5EKMENS TKUST C0MPAHY Broadway and Oak FARMERS SLOW SELLERS FREE MOVEMENT OP GRAIN OCT OP QUESTION. Sharp Advance In Prices In Chi' cago Market Large Export Sales of Flour Made. CHICAGO, Feb. 10. Difficulties of get ting wheat from producers had much ts do today with bringing about a sharp ad vance in prices. The market closed atronf 314 to 5 He net higher, with March $1.6714 to $1.07 4 and May $1.334 to $1.J6. Corn gained to Ute and oata H to c Pro visions were unchanged to 10c lower. WhMi hull, made many converts to an assumption that from now on the chief factor in establishing values would be do mestic instead of export conditions. It was pointed out that besides the evident unwillingness which grower displayed to ward selling af current prices, country roads were in such bad shape that a free movement of grain was out of the question. Moreover, the green bug pest was noted today In Missouri and Oklahoma as well as in Texas. Announcement of large ex port aales- of flour with a prospect of more added somewhat to the strength of the market. Corn and oats reflected the wheat bulge and were also influenced by export busi ness in corn and by predictions of con tinued unseasonable weather. Provisions were Inclined to weakness owing to sympathy with down turns, which at times took place in toe cog market. The Chicago market letter received yes terday by the Overbeck A Cooke Co. of Portland said: Wheat Started slightly lower, but soon develooed strength on buying stimulated by reports of smaller receipts in all posi tions, wnicn xound reriecnou in bliuu r..h marlota The seaboard reported 100,- OOii barrels of flour worked for export with additional business likely to be consum- ated. It was also reported tnat tne gun was bidding 2 cents higher to the country. uaiM from the southwest claiming se rious green bug visitations did not have much influence, as it Is far too early in the season to become alarmed over such nnfhntrlfa. , Foreign news was lacking rndii hut the fact remains that Argentine, Australia and inaia are unutrwmin " and until the disparity Is adjusted there can be little hopes entertainea oi ioreiu in our market. In fact, foreign selling of our futures from time to time -,,i h. nn .iirnrl.ie. - Reports as to country offeringa were conflicting, but it was Intimated that farmers southwest are again showing a tendency to loosen up, attracted no doubt by the Improvement In . k - m.rir.i rtm anv further advance, we are Inclined to anticipate Increased pres sure and a fair slxed setback. Corn The contributing niiuen n day's strength to this marsei was in. same as In wheat, namely light receipts snd an apparent Indisposition to sell on the part of the country holder. On the other hand, the opinion was venturea ny eading cash handlers tnat any mnmi advance In price accompanied by an im provement In-the condition of roads, would start an avalanche of coraln this direc- -i. u.M rnmDsratively firm In itace of being compelled to digest a considerable volume of profit taking sales by holders, .v.. v. .dir.) was Indeoendently strong and sold on a higher basis than yesterday. Shipping demand was fair an receipts light. . , ... : Provisions w uncus vw' Liberal hog movement at an points caused the weak opening. At the decline shorts gave some support and caused the reaction. Cash trade was. reported quiet. Leading futures ranged as iu". WHEAT. Hiah. Low. Close. 1.W ti.em $1.B7 1.36 1.51 Vj I-" .RSH .66 .6714 .611 '4 .68 . OATS. .44 .43 .44 .45 -44 .44 MESS PORK. 21.00 21.00 . 20.87 21.00 LARD. 12 15 12.25 12.15 12.22 li45 12.55 12.40 12.55 RIBS 11 30 11.80 11.17 11.27 fash nrices were as follows: Wheat No. 2 hard $1.7714. No. 1 mixed SI 7R. . ' Corn NO. S mixes. DllBOilic, no. o Oats No. z wnite dvpac, ino. o White 4242c. Rye No. 2 $1.52 tj 1.33. Barley 55 9 73c. Timothy seed $4.505.75. Clover seed $13 18. Pork Nominal. Lard $11.57. Ribs $10.7511.75. " , Minneapolis Grain Market. MINNEAPOLIS. Feb. 10. Cash wheat closed: No. 1 northern. Sl.BSei.T4; No. 2, 6061.71: No. 3. $1.504jl.64: No. 1 dark northern. 1.73M.T: No. 2. $l.St?l 74; No. S. tl.58 01.TO; No. 1 red spring. tl 6 A1.T1; No. 2 dark, $1.6291-66. No. 8. $155&1.61; No. 1 dark hard Montana. $l.TH81.Sl. No. 1 durum, $1.53 1.604 ; No. 2. $1.534 H. 58. Corn. No 3 yellow. white. 89 40c; No. 3.' 88 1 38S4 c. Barley, I choice to lancy, 60 & 65c. Flax. $l.So 4f 1.S8. Futures Wheat. Maroh, tl.56; May, $1.52-14. , Winnipeg Grain Market. WINNIPEG, Feb. 10. Cash wheat closed No. 1 northern, $1.94; No. 2, $1.314; No. 4, $1.ST. o. .5, $l.o0; No. 6, $1.4B'4. Oats. No. 2 white. 4!)c; No. 3. 45c; 1 feed. 4514c: No. 2 rye. $1.66. Futures Wheat, May, $1.82; July, $1.72. Grain at San Francisco. BAN FRANCISCO. Feb. 10. Grain Wheat, feed, $2.703; do, milling, $30 3.10; barley, shipping, $1.40 1.60; do. feed, $1,204? 1.30; oats, red feed, $1.40 1.50; corn, white Egyptian, $2.80(82.85; red milo, $202.10: rye. nominal. Hay Wheat, $201921; tame oat, $170 19; wiid oats, $12013. barley, $12i15; alfalfa, $1720; stock. $10814. Seattle Grain Market. SEATTLE. Wash., Feb. 10. Wheat Hard and soft white; $1.60; white club, $1.07; hard red winter, soft red winter. $1.52; northern spring and eastern red Walla, $1.50; Big Bend bluestem, $1.65. City delivery: Feed Scratch feed. $57 ton; baby scratch feed. $71; feed wheat, $02; all grain chop, $47; oats. $46; rolled oats, $48; sprouting oats, $51; rolled bar ley, $47; clipped barley, $52; millfeed, $39; bran, $37; whole corn. $40; cracked corn. $42. Hay Alfalfa, $27 ton; double com Dressed alfalfa. $33; do timothy, $38; eastern Washington mixed, $34; straw, $20; Puget sound, $31. Metal Market. . NEW YORK. Feb. 10. Copper Steady: electrolytic spot and first quarter, 130 13c; second quarter, 13&13c. Iron Unsettled; No. 1 northern, $31.00 032.00: No., 2 northern, $29.00030.00; No. 2 souttiern, $27.5028.00. Tin Firm; .spot and nearby, 32.750 33.30c; futures, 34.OOi034.5Oc. Antimony Spot, 5.2505.50c. Lead Dull; 4.75c Zinc Steady; East St. Louis delivery, 5.00C Dried Fruits at New York. NEW YORK, Feb: 10. Evaporated ap ples steady. Prunes Inactive. Peaches dull. Dulnth Linseed Market. DTJLUTH, Feb. 10. Linseed, on track and to arrive. $i.S4. SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc-at Bay City. SAN FRANCISCO. Feb. 10. Buttei Extras, 45c; prime firsts. 4oc. Eggs Fresh extras,. 32c; extra firsts, 31c; extra pullets, undersized pullt-ts, 2i c. Cheese t-iats, fancy, 26c; Young Americas, 32c Vegetables Eggplant, southern, 50 12c; cream squash, 60075c; potatoes, street prices, rivers. No. 1, $1.7502.25; Salinas, $2.85 0 3: sweets, $5.50 0 5.75; onions. Australian brown, $75c0$l ; green. $101.50; tomatoes, southern, $1.5003; cucumbers, notnouse, S'.ouqr dosen; celery, $1.5003.25; garlic, 7010c; cauli flower, 75085c dozen; cabbage, lc pound; bell peppers, southern. lO017c; turnips. 75c0$l; beets. $1.500 2: parsnips. $1.73 Mar.. May. May. uly. May.. uly. . May.. May. uly. May.. Open. $1.61 1.61 .66 .68 .43 .44 HERRIN & RHODES, INC. Railway Exchange Btdg. Main 283. Established 1898. Seattle, Portland, Tacoma, - Past private duplex wire coast to coast. Stocks. Bonds. Grain. Cotton, Foreign Sxchange. ALL MARKETABLE BKCUKITIEa. Members Chicago Board of Trade. Correspondents E. P. Hutton A- Co. Mem ben New York Stock Exchange. Mew Tork cotton Exchange. New Orleans Cotton Exchange. LIBERTY AND VICTORY BONDS. Headquarters for buying and selling ail Issues. Large or email lota. UNITED STATES SHIPPING BOARD- EMERGENCY FLEET CORPORATION. WASHINGTON, D. C ' Offers For Sale by Sealed Bids Approximately 110,000 Tons Surplus Ship Steel Hog Island, Penitfylvani. Sealed bids will b a received for the above material in the offices of the United States Shipping- Board Emergency Fleet Corporation. 1319 F street. N". W.. Washington-, D. C, on or before 11 A. M., March 1921. at which time bids will be opened by the chairman. Each bid must be accompanied by a certi fied check in the amount of 10 per cent of the bid. Further informa tion and proposal forms will be furnished on request by - the Emergency Fleet Corporation sup ply and sales division office, 6th and B streets, Washington, D. C, 140 North Broad street, Philadel phia, Pa., and 45 Broadway, New Tork city. The board reserves the right to reject any or all bids: Bids shouldrbe addressed to the Secretary of the United States Shipping Board. Washington, D. C, and indorsed "Sealed bids for sur plus ship steel. Hog Island. Pa,, and do not open." m wnerswho exercise their privilege of consulting com petent manage- ' ment executives are protected against the losses of hapharard operation of their ' properties. Strong 6 MacNaughton CORBETT BUILDING PORTLAND OREGON $40,000,000 Copper Export Association, Inc. One, Two, Three and Four-Year 8 Per Cent Secured Gold Notes Secured by 400,000,000 pounds of refined copper and the sums required for payment of principal and interest will be Guaranteed by Copper Producing Companies as Set Forth Below. To Be Dated Feb. 15, 1921 Interest Payable Feb. 15 and Aug. 15 Maturing $6,000,000 Feb. 15, 1922. $10,000,000 Feb. 13, 1923. $12,000,000 Feb. 15, 1924. $12,000,000 Feb. 13, 1925 Coupon notes in denomination of $1000 registerable as t o principal only. Redeemable as a whole or in part on any interest date prior to maturity on thirty days' published notice at par plus a premium of 1 per cent lor each year or portion of year between the date of redemption and respective maturity dates. GUARANTY TRUST CO. OF NEW TORK, Trustee SECURITY This issue will be secured by 400,000,000 pounds of refined copper '(at 10 cents per pound), which have been purchased by the Copper Export Association, Inc., for resale in foreign markets, from the following copper companies: j Anaconda Copper Mining Co. Phelps-Dodge Corporation Calumet & Hecla Mining Co. United Verde Copper Co. Chile Exploration Co. American Smelting & Refining Co. Inspiration Consolidated Copper Co. Greene Cananea Copper Co. Braden Copper Mines Co. Utah Copper Co. Ray Consolidated Copper Co. Chino Copper Co. Nevada Consolidated Copper Co. New Cornelia Copper Co. North Butte Mining Co. Utah Consolidated Mining Co. Kennecott Copper Corporation Payment to the trustee for the benefit of noteholders of sums required for payment of principal and interest of these notes will be guaranteed by these companies, in their several proportions, under a contract between such companies and the Copper Export Association, Inc., and the trustee. We offer the above notes for subscription when, as and if issued and received by us subject to allotment and approval of counsel at: Maturing One Year. . Two Years. Appro. Price Yield .100 and Interest 8.00 . 993 and Interest 8.15 Approx. Maturing Price Yield Three Years.. 99 y4 and interest 8.30 Four Years... 99 and Interest 8.30 Guaranty Company o New York , The National City Company Continental & Commercial Trust & Savings Bank, Chicago First Trust & Savings Bank, Chicago Illinois Trust & Savings Bank, Chicago Halsey, Stuart & Co. Lee Iligginson & Co. Dillon, Bead & Co. The Union Trust Co. of Pittsburg' Mellon National Bank, Pittsburg The above Information is based upon official statements and statistics upon which we have relied in the purchase of these notes. We do not guarantee but believe It to be correct, f Kidder, Peabody & Co. 2: carrots, $1 per sack; peas, 1415c; rhubarb, $2.50ig3.25; lettuce, $1.752.?5; artichokes, 60c fe 1.5 dozen; spinach, J 2 2.50 crate. Poultry Hena, 85037c; strictly young roosters, 3T40c; old, 2225c; fryers, nom inal, broilers nominal; ducks, 3035c; stjuabs. 75fSOc; Belgian hares, live, 203 2c; turkeys, dressed, 4250c; live, 43 4,'jc; (eese, 3230c; pigeons, old, (3000 3.60. Fruit Oranges, navel. 2.004 25; lem ons. J2 0C&3.S0; lemonettes. fl.50 2 00; grape fruit, $2.003.00; limes, S1.001.50. tarigerines, $2.50400: apples, Newtowns, fl.2o&3.00; bananas, 89c Receipts Flour, f40 qrs. ; wheat, 1800 centals; barley, 6251 centals; beans, 5U0 sacks; corn,' 1554 centals; potatoes, 1BU7 . sacks; hay, BO tons; lemons and oranges. 1200 boxes; hides, B.1 roils . Brattle Dairy Produce. SEATTLE, Wash.. Feb. 10. Eggs Se lect local ranch, white shells, 30332c; do mixed colors. 32c; pullets, 28c Butter City creamery in cubes, 47e; bricks or prints, 4tc; country creamery, extras, cost to jobbers, in cubes, 44c; stor age, 35CJI40C. Primary Receipts. CHICAGO, Feb. 10. Primary receipts Wheat. 6S1.000 bu&hels versus holiday. Corn, 600,000 bushels. Oats, 335.000 bush els. Shipments Wheat, 650,000 bushels. Corn, 34H.0O0. Oats, 353.000. KAXSAS CITY Receipts today Wheat 112 cars. Corn. 28 cars. Oats, IS cara. Naval Stores. ' SAVANKAH. Ga.. Feb. 10. Turpentine quiet, 924c; sales none. Receipts, llS bar- reis; snipmenis, 42 utLrrcur, in,-- barre.a Rosin quleti last sale November 12. Re ceipts, 212 barrels; shipments, 1301 bar rels; no saies; stock. 82,502 barrels. Ex-Convict Held to Jury. ' ROSEBURG, Or., Feb. 10. (Spe cial.) William Barrow, ex-convict who Is charged with attempt to as sault a 6-year-old child in this city last evening, appeared before the lo cal Justice of the peace today and on waiving" preliminary examination was bound over to the grand jury, his bond being fixed at $5000, which he was unable to furnish. Read The C-eironlan classified adu. FACTS NO. 611 GARDEN HOSE AND PAVEMENT After three years use of his rubber hose, back and forth, to sprinkle front and back lawn, it was replaced by new hose exactly, the same. But it wore out In one season. And he wondered why, until he finally realized the old hose had been dragged over a resilient surface and the new one over his newly built cement driveway That's one reason, name ly, the great saving In tire wear, why motorists prefer the resilient, bituminous pave , ment known as WARREN ITE BITULITHIC Some of the most conservative investors of the Northwest have . invested funds in our offering of: CITY OF TWIN FALLS IDAHO GENERAL OBLIGATION G?o BONDS Optional 1930 Due 1940 which are secured by all the property of one of the most rapidly-growing cities of the west. We offer the unsold $15,000 at PAR TO NET 6 Income Tax Exempt. Call for Circular ' Phone Broadway 5800 KEELER BROTHERS Portland Investment Securities PORTLAND CHARACTER SECURITY The security) back of the bonds you buy should have an actual salable value ex ceeding the total amount of the debt The nature of the lien securing the & Sinking Fund Gold Bonds of the Portland Flouring Mills Company is a closed first mortgage. The security is twofold: (1) fixed property, such as mills, real estate or machinery, the sound and de preciated value of which is $5,409,655.64, and (2) net current assets or personal property, such as money in the bank, wheat, flour and other assets in which debtors could quickly realize, valued at more than $3,000,000. If the Portland Flouring Mills were to be sold today for cash, holders of its First Mortgage 8 Bonds would realize every cent loaned. And this is your assurance that these bonds are sound. Decide now to investigate this investment oppor tunity. Just call, write or phone today for full information. Blyth, Witter. &. Co. Ycon Bldg.. PORTLAND SEATTLE - SAN FRANCISCO - LOS ANGELES - NEW YDWt OUR BOND DEPARTMENT is equipped to give the same reliable, effi cient and courteous service in investment mat ters, which characterizes the service of every department of this bank. Our offerings include the highest type of gov ernment, municipal and corporation securities. , Ask us to quote )ou the market before selling Jour Liberty and Victory We receive New York market by wire every Basra lag. Call or 'phone .Bonds m Freeman, Smith & Camp Ca NtTUSB AN rmANCiaCO aouHD nooa Lumbermen Builoin FIFTH AND STARK AT 1740 4, A