TIIE 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
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27
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73
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13 '.4
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19 Mi
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10
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31
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11-4
72
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102S,
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4V,
79
2214
109
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44
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71 H
85
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123 H
4.1
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66 T4
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64
90
84
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72 H
59
27H
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27
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85
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108
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40
last
sale.
40
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43
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85
43
100
60
9
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110
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109
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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