Morning Oregonian. (Portland, Or.) 1861-1937, February 18, 1921, Image 21

Historic Oregon Newspapers

Morning Oregonian., February 18, 1921, Page 21, Image 21

Image provided by: University of Oregon Libraries; Eugene, OR

About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 18, 1921)

Prev Page of 22 Next Prev Issue Next Text PDF JP2 (4.6 MB) Clip/Print Image

Return to Top

Prev Page of 22 Next Prev Issue Next

Newspaper Page TextTIIE MORNIXG OREGONIAN", FRIDAY, FEBRUARY 18, 1921 21 LAST OF HOP CROP AT CHEAPER PIE Market Has Fallen Below Cost of Production. UNSOLD STOCK IS POOR 1S9 Tlian 5000 Bales Remain in Growers' Hands in Oregon; Xo Demand From Abroad. The decline In the hoDs market con tinues. The demand Is limited and the poor quality of the hops that remain un told adds to the depression of the market. There were a few transactions during the week at prices ranging from 13 to 18 cents and the latter figure represents the value of the best hops that remain, ex cept possibly a single crop which might bring 2 cents more. The poorest grades would not bring even 13 cents. In fact, could not be sold at the present time at any price. The little buying that has been done of late has been for account of eastern dealers. There Is no demand from Europe for either spot nops r.intracta. The unsold stock in Oregon is about 4700 bales. Dealers again emphasize tho fact that had Oregon growers produced knr hTw ltf VMiir everything would now be sold. When the market stood a much better level English buyers were ready to take everything here, had the quality been good. The chief fault found with much of the crop was dirty picking. Holdings in Washington have been reduced to 3.VKI or 3U0O bales. Only one good lot ts known to remain in Yakima, while in western Washington there are a few lots that are of a little bettor quality than the Oregons that are left.. California has the largest stock of unsold hops on the coast. There are be tween 60"0 and 70OO bales of Sonomas and Mendocino, and a liberal quantity of Sacrsmentos. The California market has also weakened. Pome business has been done in the Sonoma section at 16 and IS cents, but the demand is not active. It was the opinion of most dealers that the present strength of the market is only temporary and that values must soon get on a parity with the east, as the sur plus cannot be used here. Poultry receipts were very small and the market was strong. Country dressed meats were unchanged. Lighter Holding ef Butter. Cold storage butter holdings In Portland show a large decrease as compared with a year ago. The official statistics for Portland and Seattls show stocks as fol lows: At Portland Butter, pounds . Cheese, pounds Epgs. cases poultry, pounds At Seattle Putter, pounds . Cheese, pounds Kggs. cases Poultry, pounds This wk. Yr. ago. ...170.9SS 23T,1."8 .. 34,612 40,903 VI ' 13 ..195,533 174,313 This wk. Yr. ago. . .22S.40 2R.S;7 ..100,6b3 153.80H 4 15 . .253,220 213,68 Bank Clearing. Bank clearings of The northwestern cit ies yesterday were as follws: Clearings. Tfalances. Portland 3.47!).4!S 3.ll.'4.(llil Seattle 4.545.449 . 7K3.U23 Tacoma B50.019 15S.B49 Spokane l,6HS.til3 730,ot0 I-ORTLAXD MARKET QUOTATIONS Grain, Floor, Feed, Etc. Merchants' Exchange, noon session: Bid. Wheat Feb. March. April. Hard white 11.52 11.53 XI. 9: sort white l.ou 1.R0 1.4U 1.40 1 38 1.50 1.50 1.40 1.40 1.38 1.50 ISO 1.40 1.40 1.3a .34.50 34.50 84.75 .33.00 33.00 33.00 BRITISH RESTRICTIONS REMOVED Control of Apple Prices is Given I'p by Food Ministry. The British apple control prices were removed by the ministry on February 14, according to a cablegram received from the American agricultural trade commis sioner at London. The range of the principal varieties of barreled and boxed apples on the four chief markets of the United Kingdom for the week ending February 14, were as follows, conversions being made accord ing to the rate of exchange prevailing on February 11, when a pound was worth S3.MI25 and a shilling was worth 10.4 cents: At London Boxes Oregon Spitien burgs, extra fancy, $2.923.11: fancy, 32.72: C grade, 12.53 to S2.B3; Newtowns, 33.1164.00; California Newtowns. tt.ZKot 3.4a Barrets New York Ithode Island Greenings, S$.76&9.73; Baldwins, I7.7KW 3-78. At Liverpool Boxes Washington New towns, (3.2103.70; Oregon Newtowns, (2.724.2; Jonathans. 13.264i3.45; Wine saps. (2.72S3.45. Barrels New York Rhode Island Greenings. JS.17 11.29. At Manchester Boxes California New towns. $.1.1183.00. At Glasgow Boxes Oregon Winesaps. (2.72&3.3I): Newtowns. (2.72&3.90: Kpitz enburgs, 13.07323.41; Staymans, (2.72. All above stock is of all grades unless otherwise stated. During the week ending February 14, 7S.U00 barrels and 65,000 boxes of apples were afloat for the United Kingdom as compared with (G.000 barrels and bS.OOO boxes last week and 31.000 barrels and o5,0oO boxes for the week ending Jan uary 31. WHEAT BIBS ARE AGAIN BEDl'CEU ..31.50 ..30.00 ..31.00 31 50 31.60 30.00 30.00 31.00 30.50 .3200 3200 32.50 .32.50 32.50 32.50 Country Offers rut 3 cents; local Board Price Ihiwn. With the wheat market weak, bids In the country were cut 3 cents more yester day. At the Merchants' Exchange hard white was down 4 cents, club 3 cents and other grades 2 to 5 cents. The coarse grain market was quiet. Gray oats and brewing barley were 50 cents higher on bid and other cereals ranged from unchanged to 50 cents lower. According to eastern advices. Belgium cabled to ask America to cancel 14,000 quarters of March heat. Liverpool ad vised of an improvement in consumption. Argentine markets were dull and un changed. John IngUs reported: "Received a wire from my son, who examined wheat in Oklahoma, giving alarming reports of dam age by green bugs. In 1907 damage by bugs In Texas and Southern Oklahoma was not manifest in Northern Oklahoma until AprlL Local heavy showers will check them. They are very destructive to oats." Terminal receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat. Barley.Flr.Oats.Hay. Portland .Tnurs. M ... 1 Year ago 45 ... 11 S-aon to date. 11. 452 192 .155 IK 2SS White club Hard winter ........ Northern spring .... Red Walla .......... Oats- No. 2 white feed No. 2 gray Barley Brewing tandard feed ...... Millrun .. Corn No. 3 E. Y. shipment No. 3 Y. delivery.... FLOUR Family patents. (9 80; bakers' hnrd wheat, 10.50; bakers' buestem pat ents. i; valley patents. (7.90; whole wheat. (S.20; grabam. IS. OS. .. M1LLFEED i-rices f. o. b. mill. Mill run, (34 per ton; rolled barley, (41&43; rolled oats. (42; scratch feed, (58 per ton. COK.N Whole. (30; cracked, (42 per ton. HAY Buying prices, f. o. b. Portland alfalfa. (19 per ton; cheat, 122023 per ton; clover, (18: valley timothy, (27928: eastern Oregon timothy. (30. Dairy and Country Produce. BUTTER Cubes, extras. 461347c: prints, parchment wrapped in box lots, 53c; car tons inc. jtuttenat, buying price 4.lc; a grade 51c. B grade 49c, Portland delivery. EGGS Buying prices, case count, 25t 2ic delivered; jobbing price to retailers, candled ranch, 31c; selects, 34c; pullets. ;c CHEESE Tillamook triplets, price te Jobbers f. o. b. Tillamook, S3c; Toung Americas. 34c lb. POULTRY Hens. 2.r,829c; ducks, 459 0c; geese, 25c; turkeys, live, nominal; do., dressed, nominal. PORK Fancy, 15c per pound . VEAL Fancy, loc per pound Fruits and Vegetables. FRl'ITS Navel oranges, 3?5.25: lem ons, 14.254.75; grapefruit. $5l9 per box; bananas, ll12o per pound; apples, (L50 T3 per box. VEGETABLES Cabbage, !2tt0 per pound; lettuce, (3.5003.75 per crate; ear rots, (1.50 per sack; garlic 20?25c pound beets, $1.50 per sack; cauliflower, $2.23 per crate; celery, $4.0095 per crate; green pepperst 25 fix-40c per pound; sprouts, 200 pound; rhubarb, 20c pound; spinach, (1.75 per box; turnips, $22.50 per sack; to matoes, $5.50 per lug. POTATOES Oregon. (1.35 2 per 100 pounds; Yakima, (1.5092; sweet potatoes, 8c pel pound, $4 per hamper. ONIONS Oregon. (1.859L50 per sack. STOCK VALUES WEAKEN TREND OF PRICES IS AGAIN DOWNWARD AT SEW YORK. Shanghai, taele Japan, yen .BTSO .4900 Trading Is Largely by Professionals and Last Prices Are Lowest. Liberty 'SJonds Easier. NEW YORK, Feb. 17. The trend of quoted values in the stock market was downward again today. Trading lost none of Its professional aspects, save in Isolated -"stances, where persistent offerings bore the marks of involuntary liquidation aris ing from fresh industrial unsettlement or dubious dividend prospects. The Reading gnoup extended reoent de clines and other shares of the same class reacted, except Norfolk & Western. Weakness of specific issues, notably Central Leather, common and preferred; A In Rubber and some less prominent specialties at extreme losseg of lis to ( points, were accompanied by circumstan tial rcDorts of dividend "readjustments. ..,,! ,!.. "n th steel tradt were reflected in the reduced divmenu ,ianui h, th. Cambria, directors and 1 further increase of Idle railway equipment evMeneed the eeneral curtailment oy American manufacturers. The market registered lowest prices in the last hour, u.i... .f --n tnnnev at 7 per cent. ss against yesterday's 8 per cent. further bearish aggressions, in which prac. tically all gains were effaced at the heavy close. Sales were 600,000 snares. AH foreign exchanges weakened. notably French. Belgian, Duten ana mittsnces. and Scandinavian rates added to their setback. me nana 01 however, again strengthened its liability reserves. , Liberty Issues and most other domestic bonds, Including rails, were easie., eign division also making iracu.. . . ions. Total sales, par value, $10,1.3,000. CLOSING STOCK QUOTATIONS. NEW YORK. Feb. 17. Exchange weak, sterling, demand. $3.80; cables. $3.s?. Franca, demand. 7.30; cables, 7 32; Belgian rranos. demand. 7.61; cables. T.63. Guilders, oemano. H.&; cables. 34.45. Lire, aemana, euo: caDies. 3.1m. Marks, demand, 1.0s cables. 1.09. Montreal. 13A per cent dis count. Forelra Bonds. Foreign bond quotations, fumlahed by rne uveroeca cook company 01 ior. mmi : Bid. Russian SVis, 1921 21 ao oss, lir.'s u do 6Hs. 1919 15 Year ago 8.110 Tacoma Wed.. ... 5 Year ao 25 H Reason to date. 3. 33 47 673 Year ago 5,137 71 1971 Seattle Wed... 14 ... 1 Year ago 10 ... 1 Season to date. 3. '.'.) 1S1 2H Year ao 4.517 227 543 378 4U4 1 3 1R4S 1323 93 146 312 502 057 .... 1091 1049 APPLE PRICES ARE HOLDING EVEN Few Sale, mi Shipping Points Oregon Newtowns at New York Auction. The local apple market remains quiet. Peelers are carrying fair stocks and prices may be called steady. Very few carlot sales are reported from the Interior. Yakima has moved small extra fancy Winesaps at (1.50 and choice at (1.00; extra fancy medium to large Newtowns at (1. 8592.25 and medium to large fancy Homes at (1.60 L 75. At the New York auction 350 boxes of Newtowns. extra fancy, medium to large, old at (2.Z54 2.93. mostly (2.5032.95. and fancy at (1.9092.65. Northwestern apples sold to Jobbers at New York at the fol lowing range: Winesaps, extra fancy, large, (4.2594.50; medium, (3.5094.00; small, (2.5093.00; fancy, large, (3.759 4.00; medium, (3.00&3.50. Homes, extra fancy, large, (3.7594.00. mostly (3.75: medium, (3.009 3.50; small. (2.50 9 2.75: fancy. Urge, (3.50 9 3.75; medium, (3.009 8.25; small. (2.2592.73. Delicious, extra fancy, large, (5.50 9 6.00: medium, (4.509 6.00: small, mostly (1.00. Jonathans, extra fancy, ail sizes, fair condition, mostly (2.00. Mcintosh, fancy, large, (3.2593.50; medium. (2.75 9 3.00; small, mostly (2.5a Staple Groceries. Local Jobbing quotations: SL'GAU (sack basis) Cane granulated, S$iC per pound; beet, 8.65c per pound. NUTS Walnuts, 15 927c, nrazil nuts, 34c; filberts, 15916c; almonds, 28930c; peanuts, 9912a per pound; cocoanuts, $2 per dozen; pecans. 23c; chestnuts, 300 per pound. HONEY Comb, (7.75 9 8.23 per case. RICE Blue Rose, 6te per pound; Ja pan style, 7 He per pound. BEANS Small white, tic; large white, 6c; pink, 7c; lima, 10c; bayou, Lijjo; red, 7c per pound. COFFEE Roasted, bulk, drums, 14036a per pound. SALT Granulated, bale, $3.60 9 4.23; half ground ton, 50s, $19.75; 100s, (18.23; lump rock. (26.50. Provisions. HAMS All sizes, 30 933c; skinned, 269 o-c; picnics, -iu. BACON Fancy, 40 9 49c; choice, S0 44c; sumus.ru, -uy.ou. laku ruio, iierwcat ao pound: com- nound. tierces, ldttc DKi SaLi rtacas, .iqr.'ic; plates, lee. Wool, Hops, Etc WOOL Oregon, clean basis, fine 7ne- haif blood 65c three-elghtha 50c, quarter btood 4UiU4WC. HIDES A.u rtMS Nominal. TALLOW No. 1, 5c; No. 2. 4c pound. CASCARA BARK 1920 peel. 8c pound. HOPS--1920 crop, 15918c per pound. MutiAlti Nominal. GRAIN BAGS Carlots. 7c, coast. Oils. LINSEED OIL Raw, In barrels, 99e; 5-gallon cans. $1.14. Boiled, la barrels, $l.ll : 6-gallon cans. (1.16. TURPENTINE la drums, 99c; 5-gallon cans $1.14. COAL OIL Tank wagons and iron barrels, 174c; cases, 80937c. GASOLINE Tank wagons and irea barrels. 29c; oases, 41VC. SAN FRANCISCO PRODUCE MARKET Prices Cvrrent on Vegetables, Freeh Frmita, Etc.. mt Bay City. SAN FRANCISCO, Cal., Feb. 17. But ter Extras, C2hic; prime firsts, nominal. Eggs Fresh extras, 30c; extra firsts, "c: firsts, SI He; extra pullets, au'ic; un dersized pullets, 30c Cheese Flats. fancy. 23!-c; Young Americas, 33 He Vegetables Eggplant. southern. 69 12 He; squash, cream, 60(i'75cr potatoes, rivers. (1.7592.25 for No. 1; Salinas, (2.85 93: sweets, (5.5098 onions, Australian brown. 75c9d: green. (191.50; cucumbers, hothouse, large, $2.252.75 dozen; celery, (1.5093 crate; garlic, 7910c; cauliflower, 75 985o dozen; cabbage, lc lb.; bell pep pers, southern, 5917Hc; chile, 10915c; turnips, 75985c; beets, (L5092; parsnips, (1.7592; carrots, $1; pears, pismo, 14917c, piperal, 20c; rhubarb, (2.50 92.75 tor Los Angeles; artichokes. 60c9(L25 per dozen; spinach, (292.50 crate. Poultry Hens, 34A37c: strictly young roosters. 37940c; old roosters, 22925c; fryers, 50 9 55c; broilers, 65908c; ducks, 30 935c; squabs, 75980c: Belgian hares, live, 25fi28c; Jackrabbits. (393.25 dozen; tur keys, dressed. 62956c fancy; poor quality lower. :ive, 43 945c; geese. 32935c, Fruit Navel oranges, (24.50; lemons, (2 0 3.50; lemonettes, (1.50 9 2; grape fruit. -"i3.50: limes, $191.50; tangerines. $2.75 93.73; apples, Newtowns, (1.25; bananas, 9 910c: avocadoes. $310 dozen. Receipts Flour, 3i8 quarters; barley, 902 centals; oats, 558 centals; beans, 1517 sacks; corn, 60 centals; potatoes 5558 sacks; hay 143 tons; hides, 293 rolls; live stock, 232 head. Sales. Am Bret fug !K American fan 1,S0 Am Car Fdy 7H0 Am II & L Pfd 1.500 Am lntw Corp .. i' Amer can Loco iw Am Sm.t fc Kfg 2.4(M) American Sug son Am Sum Tob B.1O0 lm Tel TVI 1.SO0 American Wool 2.1 "O Am Z L ft 6 30 Anaconda Oop 2,2"0 Atchison 1.1 00 Atl Of & W In 11.9O0 Baldwin Loco 9, Haiti & Ohio 900 Bethle Steel B 2.4O0 But & Sup Cop ll Cal Petroleum 8.400 Canadian Pacif 2,4K) Centrl Leather 2-S.100 Chandler Mtrs 9,soO Ones & Ohio !") Chi Mil St P 500 Chic" go & N w - :wo Chi ilia Pao l.ooo C'hlno Copper. . 300 Colo Fl & Iron 100 Corn Products 1.4O0 Crucible Stoel 7.000 Cua Cane Sug 1.4O0 Brief w' Cene-rl Electric 70O ' Gonerl Motors 12.000 Grt North Pfd "" Illinois Central 20 Inspira Copper iOO Int Me Ma Pfd 70 Interna Nickel 1.3mi Interna Paper &,!" Kan Cty South soo Kemie Copper 2.(H IkiuIs A Nah 2"U Mex Petroleum 2LRH) Miami Copper 20O Mid States Oil 31.300 Midvale Stoel W0 Missouri Pacif 5l Montana Pow 100 Nevada Copper ' 7'iO New York Cen 5O0 N Y N H K 1.200 Nor A- Western 5.40 Northern Pacif 4.SOO Ok Prd & Rfff 10O Pan-Am Petrol l..i' Pennsylvania, . 1.400 Pitts W Va jjoo Ray Con Cop 1.2 Reading SK.o Reo lr & Steel llnv.l D N Y 6U"0 Shell Trt Td 400 Sin Oil & Rfg S.2O0 Southern Pacif 3,i00 Southern Rwy 6II0 P O N J Pfd 1.0"0 Studebak Corp 2.5ri Texas company 3'lno Texas & racu J .' Tobacco Prdts o."0 Transconti Oil 000 IT K Food Pdts 8x IT S Ind Alchl 5.400 ,r twi C.pa 1 41HI U S Rubber. . .VROO IT S Steel. :."" High. 50 124 S 45 4SH Sl'4 44 Vi 94 RJ!i IOO V OS 9 39 82 CS 91 5 S4'4 541 13H 42 117-4 30 74H 59 2"i OSH 27 TiR 28 14 73 SHI 14 25 H 13 '.4 .132 14H 7rt-v SS 3d 5.-. 16 BS14 20 u 19 Mi 10OH 10 38 13 31 18 53 11-4 72 20 102S, S4T4 79 4J"(, 2!'i 14 '4 76H 4V, 79 2214 109 2 44 22i4 57 9'i 24 Ti 7 5S?i 71 H 85 llo'4 is u -3 Low. 49 ,W4 123 H 4.1 47 85 43 92 S2 10O 66 T4 9 S9"i 82 14 64 90 84 5S4 13H 40 11S7 :m 72 H 59 27H GH 27 23 2S'4 71 9 G ',4 friH -Lit 14-4 7'4 88 85 54 15 5 20 1!i4 100H ll 1RH' 13 31 1S 11 72 20 1004 83 3 70 40 -20 13 74 07 61 41H 23 7SH 108 6 4.1 4 22 14 55 9 24 69 Bfl'i 70 83 H 110 55 'i 80 40 last sale. 40 3 123 43 47 85 43 100 60 9 39 82 64 !01. 34 58 13 40 110 36 72 H 59 2714 6S 27 , 23 2hH 25 . 1314 lol 14 76'4 88 5 54 1ft 56 20 191 100 11 18 13 ;i 11 20 3 . 76 40 13 67 03 42 2411 78 109 0O 43 22 65 9 24 09 70 83 '4 110 55 86 40 7 Currency 40 French on. 1931 57 do 4s. 1917 50 do 5s. 1U20 70 Italian 5s. 1918 . 27 British 5s. 1922 38S do 5. 1927 S79 do 5. 1029 309 do vky 4s 295 do ref 4 200 . Belgium rest 5s 68 do prem 5s ................ 73 German WL5e 13 Berlin 4s 14 Hamburg 4s 16 Hamburg s 15 Lelpslg 4s 15 Leipsig 5s 16 Munich 4s 15 do 5s "... 18 Frankfort 4a 17 Jap 4s 6314 do 1st 4s 8214 J.tp 2d 4HS 82 Paris 6s U. K. 5s. 1931 do 6'4. 1122 . do os. 1929 do 5Hs. 1937 . Can Pac 9514 99 95 8S 8, 94 Ask. 24 9 1H 4 ) 69 52 71 28 4O0 302 3Si2 3)7 2S2 70 75 14 1514 17 16 17 18 1TV 18 64 k:i 84 96 99 95 89 86 95 Swift Ce. Stocks. Closing prices for Swift & Co. stocks at Chicago were reported by the Overbeck & cooks company of Portland as follows: Swift & Co 103 Swift lnternatjlona.1 264. Libby. McNeil & Libby 11 National Leather bit New York Sugar Market. NEW YORK, Feb. 17. Raw sugar, cen trifugal. b.77c: reilned fine granulated. T.ooc. Dried Frnit at New York. NEW YORK. Feb. 17. Evaporated ap ples steady. Prunes quiet. Peaches dull. Dniutb Linseed Market. DULDTH. Feb 17. Linseed on traek and to arrive, (1.85. lUT LACKS SUPPORT PKICES CLOSE HEAVY AXD LOWER AT CHICAGO. Traders Ignore Possibility of Ac tion by ?few President on Tariff Question. U S Steel Pfd 1 Tim h rnnnw.. 2.8' Western Union J6 West Electric TOO 4 win - Overld 3,800 8 BONDS. U S Lib 3S...91.20!A T & T CV 6s. j i. RTOO Ateh ren 4s... do Bt 4, ' S6.S0 D & R G con 4s 68 do 1st 4s...S7.42N Y u deo os. do 2d 4s...8690N P 4s an 414 a. . .89.96 N P 8s ..KiM, t-ac 1 v 1 us. . ,97.34'Pa con 4s... . .97.32 S P cv 5s ."99 So Rv 5s ..99 Villi P 4s 104 .U S Steel 5s... 103 I .79 ( 'Bid. ..79 J 95 77 .3 89 70 54 'S3 'KS 91 95 81 95 do 4th 4B W-torv 3s.. do 4s ... U S 2s reg. . . do coupon . U S 4s reg... do coupon . Pan 3s reg. .. do coupon . Mining Stocks at Boston. "' BOSTON, Feb. 17. Closing quotations: Allouez 22 North Butte Ariz Com 8; Old Dora Calu St Ariz ... 49IOsceola v. Calu & Hecla. .250 'Superior Centennial Cop Range ... Kast ttmte . . . Franklin Isle Royalle ... Lake Copper... Mohawk .: 9 ISup & Boston. 35 ;Shannon 9 rtah Con .... 2 Winona 20 IWolverln 10 3 Granby Con ... 22 47 IGreene Can .... 23 12 21 27 4 2 1 4 85 Cotton Market. NEW YORK, Feb. 17. Cotton Spot quiet. Middling. 13.65c. Money. Silver. Etc. NEW YORK. Feb. 17. Prime mercan- tHe pape-r, 7 per cent. Time loans steady. 60 days. 90 days and six months. 697 per cent. JaIl money firmer. High, 7: low. 7? rul ing rate. 7: closing biof. 6: offered at 7; last loan, 7 per cent. , NEW YORK. Feb. IT. Gar silver. mesrtw3. 99: foreign. 00 cen.19. Mexican dollars. 45 cents. do. LONDON. Feb. IT. Bar silver. 4d per ounce. Money. 6 per cent. Discount rates, short bills. 7 per cent; three months' bills, 6 96 11-16. Foreign Exchange. . Foreign exchange rates at close of busi ness yesterday, furnisthed by Northwestern National bank of Portland. The amount quoted is the equivalent of the foreign unit in united states funds: Austria, kronen Belgium, francs Bulgaria, leva Czecho-SlovakJa, kronen.... Denmark, kroner England, pound sterling . Finland, f inme,rk ........ France, francs ........... Germany, marks ..... Greece, drachmas ....... Holland, guilders Hungary, kronen Italy, lire .Tufro-Slavla. kronen Norway, kroner .......... Portugal, escudos Roumania. lei ........... Serbia, dlnara Spain, pesetas Sweden, kroner Switzerland, francs Chine-Hongkong, local cur. ( .0029-4 .0033 .0769 .0773 .0138 .0142 .0139 .0143 .1850 .1S04 3.92 .0343 .034-7 .074O .0744 .0176 .01S0 .0753 .0757 .3456 .3460 .0024 .0023 .0373 .0377 .0074 .0078 .176 .1770 .1115 .1119 .0153 .0157 .0200 .0294 .1426 .1430 .2205 .2209 .1672 .1676 .4925 CHICAGO, Feb, 17. Wheat traders, con fronted today by the apparent likelihood that the emergency tariff bill would be vetoed, overlooked or ignored a possibility that action by the president-elect might change the outlook. Values sagged from lack of support and closed heavy, 2 to 3 cents net lower, with March (1.68 to $1.68 and May $1.59 to $1.69. Corn Inst 1 to IVi cents and oats c to 19 IHc Provisions varied from 00 cents de cline to 7 cents advance. Except during the first few minutes the fate of the emergency tariff attracted but little attention in wheat. Fair buying was ascribed to the fact that the hill had finally passed, but then the subject seemed to pass out of notice. Bearish sentiment. which from then on dominated the mar ket, was due largely -to cooler weather. a condition assumed to be more or less of a preventive of crop damage by green bugs. Considerable selling was based also on a bank failure at Sioux City, Iowa. increased rural offerings 01 corn tended to weaken corn and' oats. Provisions averaged lower. The Chicago market letter received yes terday by the Overbeck & Cooke company of Portland said: Wheat Volume of trade was small and prices higher at the start on scattered buy ing. Induced by over-night reports of ex tensive green bug infestation In the south west. Selling, however, was persistent and had a depressing Influence, although the market appeared more susceptible to buy ing than to selling orders. The local cash market was weak and the premium on hard winter was reduced 1 to 2 cents. Out side markets were correspondingly weak, with the southwest reporting a quieter milling demand. Foreign advices reiter ated that our competitors are offering wheat at 20 to 35 cents under American and Canadian prices. While this situa tion exists it is unreasonable to expect a loreign uemana ana uie outiooK, mere fore, becomes a problem of whether or not domestic conditions justify high prices. Some increase is reported in country offer ings, but volume is not large enough to be considered significant in view of the small stock of wheat in Chicago and stead ily diminishing visible supply. Corn Selling by cash houses was the outstanding feature and being Indicative of an increased movement from the coun try induced considerable selling by holders of futures. The cash market bad a firm tone and the trading basis was quoted un-. changed to half higher. Oats were under pressure with other grains, but received support from time to time and the tone or the market was com paratively firm. The cash market was uninteresting and sold on yesterday's ba sis. Country offerings continue light Shipping sales were somewhat larger at 50.0O0 bushels. Rye Volume of trade was somewhat larger, with considerable "buying against sales of the nearby. Leading futures ranged as follows: Lowe Close. SHORT RIBS. - May 11.25 11.35 11.17 11.30 July 11.75 CjIi nrl,M vu , follow. Wheat No. 1 red. (2.00: No. S red $2.00. Corn No. 3 mixed, 65c; No. S yellow, 66 967c. Oats No. 2 white, 4646c; No. 3 yel low. 445c. Rye No. 2. J 1.53. Barley 62 982c. Timothy seed $4.50 5.75. Clover seed (13 18. Pork Nominal. Lard $11.80. " Ribs (10.75911.5O- Minneapolis Grain Market. MINNEAPOLIS. Feb. 17. Cash wheat closed, No. 1 northern, (1.6791.71; No. 2, (1.6391.68; No. 3, (1.5491.61; No. 1 dark northern. (1.7191.T4; No. 2, (1.63 91.71; No. 3, (1.5591.56; No. 1 red spring, (1.64 9 1.69; No. 2, (1.5991.63; Ho. 3, (1.3391.58; No. 1 dark hard Montana, $1.7591.77; No. 1 durum. (1.57 9 1.60 ; No. 2, (1.51. 9 1.56; No. 3, (1.44 91.51. Barley. 4S9?6c. Flax. No, 1. (1.83 9 1.86. Futures Wheat, March, (1.57; May, (1.54: Winnipeg Grain Market. WINNIPEG, Feb. IT. Cash wheat closed No. 1 northern. (1.82; No. 2, (1.89; No. 3, (1.85: No. 4. 1.80; No. 5, $1.70; No. (1.51. Feed, (1.41. Oats, No. 2 white, 49c; No. 3, 45c; No. 1 ex feed, 45 c Futures: Wheat May, 1.84; July, $1.72. Receipts 200 cars wheat. Grain at San Francisco. SAN FRANCISCO, Feb. 17. Grain Wheat, feed, (2.7093; do milling, (2.759 3: barley, shipping, (L45L5a; do feed, (1.2591.35; oats, red feed, (1.4091-50; corn, white Egyptian, (2-6092.85: red milo. $2 a 2.10: rye. nominal May Wheat. 2uet lit tame oat. iu 19; wild oats, (12915; barley. (1291a; alialfa. $17.20; stock (10914. Seattle Grain Market. SEATTLE. Feb. 17. Wheat Hard white and soft white. (1.56: white elub, (1.53s nara red winter, eott rea winter, uonu- ern spring and eastern red Walla, (1.4 ; Big Bend bluestem, (1.62. City delivery: Feed Scratch reea, Jul ton; baby scratch feed, $71: feed wheat, $62; ail grain chop, (47; oats, (46; rolled oats, (48; sprouting oats, (51; rolled bar-f ev. 147: cliDDed barley, is: miuea ieea, (39; bran, (37; whole corn. (40. nay Altaira. sji ton; aouDte com- pressed alfalfa, (33; timothy, (38; eastern Washington mixed. (54: straw. (20: Pugel sound, (31. Dairy Produce Markets. NEW YORK, Feb. 17. Butter Firm. Creamery higher than extras, 47 948c; creamery extras, 47c; creamery firsts, 42 94c. Eggs Firm. Fresh-gatnereo extras, sue; fresh -gathered firsts, 37 938c. Cheese Unsettled ; unchanged. CHICAGO, ' Feb. 17. Butter Higher. Creamery extras, 47c; standards, 4Sc Eggs Higher. Receipts, 16,095 cases; firsts, 33 934c: ordinary firsts, 30 9 31c; at mark, cases included, liijfMc. SEATTLE. Feb. 17. Eggs Select local ranch, white shells, 38e; ditto, mixed col ors, 8-3987c: pullets, 30o. Butter City creamery, in cubes, 02c; bricks or prints, 63c; country creamery ex tras, cost to jobbers, in cubes, 4uc; stor age, 35c940c. Coffee Futures Decline", NEW YORK. Feb. 17. The market for coffeee futures opened at a decline of 13 to 17 points, owing to easier Brazilian cables and realizing after yesterday s ad vances. Otherwise there was very little pressure and the market turned steady during the middle of the day. Private ca bles from Brazil reported a further decline In Rio exchange on London, however, which tended to restrict buying pending confirmation of the loan reports and the early loss was not fully recovered. May sold up from 6.98c to 7.09c, or within two points of last night's close and closed at 7.05 with the general market showmg a net decline of five to nine points. Closing bids: March, 8.67c; May. 7.05c; July, 7.40c; September. 7.85c; October, 7.97o Decem ber, 8.20c Spot coffee quiet; Rio Ts, 66c; Santos 4s, 9 910c Metal Markets.' NEW YORK. Feb. 17. Copper Steady. Electrolytic, spot and first quarter, 139 13c; second quarter, 13913c Iron Nominally unchanged. Antimony Spot. 5.2595.50c Tin (Steady. Spot and nearby, 32.000 32.25c: futures, 33.009 33.50c. Lead Dull. Spot, 4.504.60c Zinc Easy. St. Louis, spot, 4.875.00c. Naval Stores. SAVANNAH, Ga., "Feb. 17. Turpentine, firm. 50c; sales, 145 barrels; receipts, none; shipments, 207 barrels; stock, 14,882 bar rels. Rosin Quiet; no sales; no receipts; shipments, 5o barrels; stock, 80,747 bar rels. Quote: B. D, E, F, G. H, I, K, M, N, W, WW, $11.00. The Oregonian publishes practi cally all of the want ads printed in the other three Portland papers, in addition to thousands of exclusive advertisements not printed in any other locul paper. if New Syndicate Issue We offer subject to prior sale $40,000 Government of Chile Women own much Portland property. To be safely re lieved of the com plexities and an noyance of its operation results in a satisfaction which more than compensates for the cost of the service. Strong 6 MacNaoton CORBETT BUILDING PORTLAND OREGON 20 -Yr. Sinking Fund 8's 99 at to yield, .a mini mum of 8.10 up to a possible 20 to accord with the operation of the sinking fund. ' FREEMAN. XX S SMITH 42 round flow. camp. Lomimiu BuiLoiNa Firm and Stark CO. war 0740 'flSliiH" 111 BTH Q" WASHINGTON SHCETS CcmsenraUve i A man with money in the bank can look the world in the eye. Bank at the Hibernia. i i ni u r?iiii ... . March. : May.... May... July... May July May. May July Open. Hig;h. WHEAT. 11.71 fl.Tl 159 1.63 'i CORN. .71 4 .73 OATS. .46 MESS PORK. 21.30 21.90 21.10 ' LARD. 12.20 12.20 12.10 1242 12.57 12.42 .71 73' .4f. .40 .; .71 .45 5H 1 1 69 .69 .71 43 .43 21.15 12.20 12.5T BROKERS Stock Salesmen Strong; Eastern Financial Insti tution dealing; only in securities ot recognized merit listed on leading Stock Exchanges and New York Cnrb deslrea local firm or repreaentatlTe a.i eorre apontlent. State fully record and bank references. Addreaa OBHOKEKS." care of Matos Advertising Co. Bulletin BIdgr, Philadelphia, Pa. rRESH CTBB BITTEB IS SCARCE titrencln ( Ek Market Is Believed to Be Temporary. Fresh cub butler of top grad has al most disappeared from the market. At th same time the demand was not par ticularly broad. Prices wer mors or less nominal and ranged anywhere from 46 to 48 cents. The storage movement con tinued good. Colder weather and lower prices have stimulated the consumption of eggs. This and some buying on the street to fill pre vious shipping orders held the market firm during tlx day, with resales at 2 8 J 2 84 cents, case count. Buyers with eastern connections sent 25-cent bids Into the country and some others ottered 27 cents. Oregon's Second Largest Seaport and Commercial City Is Security for These 5 General Obligation Bonds Due 1922-30 To Yield Astoria IXCOME TAX EXEMPT Bond Department !mki TKUST company IbBEM BROADWAY AXD OAK i $500,000.00 ' Denny -Renton Clay & Coal Co. First Mortgage Serial Gold Bonds ' Dated February 15, 1921 Due Serially February 15, 1922 to February 15, 1931 Callable upon 60 days' notice at a premium of of 1 - for each unexpired year or fraction thereof. These Bonds are secured by a closed first mortgage on the entire physical property of the Company. The net earnings, after depreciation, have averaged $132,701.08 per annum for the past twelve years. Complete details upon request. DENOMINATIONS $100-$500-$1000 Price 100 and Accrued Interest Carstens & Earles, Incorporated established 1891. Government. Municipal and Corporation Bonds, U. S. National Bank Bids. Kan Franeiae Portland, Orrcon. Los Angtele Broadway 41US- eartle Spokane If sixty-one years of continuous service as a financial institution means anything to you as a bond buyer, then the Ladd & Tilton bank recommends itself to the careful investor. We offer subject to prior 6a!e our participation in $24,000,000 Republic of Chile Twenty-Year Sinking; Fund 8 Gold Bond Price 99 and Interest Yielding Over 8 Principal and semi-annual Interest payable In United States Gold Coin in New York City or Ia.dd & Tilton Bank, Portland, without deduction lor vnueau tine. A. sinking- fund will b created uffl cient to retire $1,200,000 principal amount of bond per annum at not exceeding 110 and accrued Interest on or before February 1, 1931. and at not exceeding lOa'e and accrued in terest thereafter. If bonds are not purchased at these prices sinking fund moneys will be used annually to redeem bonds at such prices by lot. Full particulars on application ft? - . . rr Oldest m Me liorthwesf WASHINGTON AT THIRD 1 9 E V ' l'","(n8BBJua kv S I ' I J V. W 't : .?i.lscx II z5 Successfully Operated Since 1884 When Jjou loan money to a company by buying its bonds you should be con vinced that it is soundly established. : The Portland Flouring Mill Company was Incor porated in the state of Oregon in 1 884 and has been in continuous successful operation for the past 36 years. The business of the company has shown a gradual and continuous development, until today the Portland Flouring Mills Company is the largest manufacturer of flour in the northwest. Over 60 of the company's business is domestic. Its trade brands are well known and its products are well received by housewives. A most modern and complete cereal and feed plant was recently con structed. The company is soundly established and efficiently managed. Its bonds are good bonds for you to buy. Let us give you full information about its First Mort gage 8 Fifteen-Year Sinking Fund Gold Bonds. Price t 100 and interest. Yield: 8 per cent. Blyth, Witter, &, Co. Yeon Bldg.. PORTLAND SEATTLE - SAM FRANCISCO - LOS ANGELES - NEW YDMC Sums required for payment, principal and interest, guaran teed by leading copper produc ing: companies. It Is estimated these companies produce 75 of total copper in United States. Copper Export Ass'n (Incorporated) One. two, three and fonr-year 8 Secured Gold Note. Secured by 400,000,000 pounds of refind copper. When, as, and if issued at a price To yield aboot 8 to 8.30 (according to maturity) Circular on request for O. R. 372 The National City Company Offices in more than 50 ,citie Portland Yeon Bid.' Telephone Main 607a PARIS -ORLEANS RAILROAD 6 BONDS General market for these bonds very active: considered by New York bankers to be very attrac tive issue at present price. Call or write today for official circular and financial statement, includtng map of system Price S64.25 per 1000 franes. H. E. WILLS COMPANY ' Poreljrn Bonda, 100-8 Henry Bids. fhone Bdwy. 1011 NEW ISSUE We Own, Offer and Recommend Republic of Chile 20-Year Sinking Fund 8 Gold Bonds Dated February 1, 1921 Due February 1, 1941 (Payable in U. S. Gold Coin) Price 99 and Accrued Interest Yielding Over 8.30 Bonds are retirable at 110 up to February 1, 1931, and at 105 thereafter Sinking Fund of $1,200,000 per year, Sufficient to retire the entire issue at the above premiums. CHILE has borrowed money for 95 years and ha3 never de faulted on any of its loans. Chile prospered greatly during the war and enjoys excellent credit. Her government debt is low and her agricultural and mineral resources make her one of the richest countries in South America. We considr this bond to be the best of any of the recent foreign government issues. I Qevsreaux (5mpany 87 Sixth Street INVESTMENT BONDS Portland, Oregon Broadway 1042 nBBlBBllBBBHBMBBBIlMBMMBBlBBlBH HERRIN & RHODES, INC. Railway Exchange Bids. Main 283. Established. 1896. -' Seattle. Portland, Tacoma. Fast private duplex wire coast to eoaat Stocks, Bonds, Grain, Cotton. Foreign Exchange. ALL MARKETABLE SECURITIES. Members Chicago Board of Trade. Correspondents E. F. Hutton tfc Co. Members New York Stock Exchange. New York Cotton Exchange. New Orleans Cotton Exchange. LIBERTY AND VICTORY BONDS. Headquarter for buying and selling all issues. Large or small lots. MUNICIPAL BONDS CITY AND FARM , MORTGAGES SHORT TERM COMMERCIAL PAPER We buy and sell Liberty Bonds Western. Bond & Mortgage Co. Ground Floor Board of Trade Bid a. Mala 113 SO Fourth St. 20 Less Tire Cost Flgrurlniy on a basis of 200.000 cars in Washington and an av rajte tire upkeep of 1100 per car, Washington motorist apend $20,000,000 annually for rubber tires. It is conceded that 20 is a low estimate of the decreased wear of rul'her tires over a resilient, bitu minous pavement, aa compared to wear over rigid pavement. At this rate if all tires were UBed solely on hard-surfaced roads -a net savin of four million dollars a year for Wauhinpton motorists would result throuKh use of the resilient type of pavement known as WARRENITE BITULITHIC' t mm Win