Morning Oregonian. (Portland, Or.) 1861-1937, March 02, 1921, Image 21

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Morning Oregonian., March 02, 1921, Image 21

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Newspaper Page TextTHE MORXIXG OTiEGOXIAX, WEDNESDAY, MARCH 2, 1021 WHEAT FOR GERMH ILL DIRECT Cargo Is Sold for Shipment From This Port. jobbing business was food at unchanged prices. There was not much demand for poul try, as the large receipts last week filled the retailers. The' tone of the market was easier, but prices wera unchanged. There was also an easier feeling in the dressed meat market as respects veal, ow ing to freer receipt. Dressed pork was firm at the old price. MARKET HOLDING STEADY Grain Trade Awaits With Interest Government Report Xext Week on Farm Reserves. Grain men are looking forward with in terest to the government report on farm reserves, which will be Issued next Tues day. Estimates as to the surplus vary widely and the statisticians, according to their viewpoint, can figure out either an acute shortage of a comfortable carry over into the next season. Goodman's estimate of farm reserves on A! arch 1, made public yeerdy, show a wheat supply of lid'.rd'O.OOO bushels, or an increase of 27.000,000 bushels over last year. He places the corn reserves at 1.145,481,000 bushels as ajrainst l.OK-'.OOO.-000 bushels last year and 8S4.000.O00 bush els two years ago. and the oats reserves at ;00.000,000 bushels as compared with 4 23, 000,000 bushels a year ago, and &SS.421.OO0 bushels in 1919. Pending the official fiRures, grain men do not expect any radical clianue in the market. Chicago closed yesterday prac tically the same as Monday and all wheat bids on the local board were unchanged with hard wheat at $1.50 and white club at 11.48. In the coarse grain market the only changes were a RO-cent decline in March gray oats and a i.'5-cent advance in March shipment corn. Kastern reports were that two cargoes of Pacific coast wheat were sold to Ger many. It is understood locally that only one cargo was sold. It consists of red Pa cific and white Walla and the price is equal to about $1.43. The secretary of the Kansas department of agriculture In his weekly report say "that conditions in the past week were not favorable for the best growth in the sec tions where the largest wheat acreage wero sown last fall. More moisture is needed in central Kansas. Further moderate to heavy rains fel generally in south Australia and in the west district and in New South Wales. Terminal receipts, in cars, wre reported by the Merchants' Exchange as follows: Portland- Fur Sales Make w Record. ST. LOUIS, Mo.. March 1. A new sales record was established for the winter auc tions of the international fur exchange here yesterday, receipts totaling $1.70H.V40 and eclipsing by approximately ."00.000 the best previous mark. The total sales for the auctions are placed at $tS,700.tKi0. A lot of 1838 cross fox brought $33,179. registering a decline of 30 per cent from the peak of last May. White fox was 5 per cent lower, 7102 selling at $70.4fi4, with $3(1.23 the top. Swift and gray fox were 10 and 25 per cent lower, respec tively. New-Crop Peanuts Arrive. A large shipment of Japanese peanuts. the first of the new crop, arrived yes terday. They were quoted at 10 cents in sack lots. LIBERTY BIDS MIMED SPECIALTIES WEAK FEATURE OF STOCK 5IAIIKET. Bank Clrarinffft. Bank clcnrlnirs of the northwestern cities yesterday were as follows: Cleariners. Balances. Porllsnd 15.1 1 i. 1 7 75.77 Sent tie 4.ir.l.L"-,7 OSO.O'U Ta.onia O-'.I.XJ.. S7.142 Spokane 1 ,Wi.K!2 5-'.'.!4: PORTLAND MAKRKT QUOTATIONS (rain. Flour, Feed, Etc. Merchants Exchange, noon session: -tj-iu- March. . . l.r.0 . . 1.48 . . 1.4S . . l.a.-j . . 1.B3 April l.r.0 1.4U 1...U 1. 1. .. 33.00 32..-)ff 31.00 Wheals Hard white Soft white W hite club Hard winter Northern spring lied Walla oats No. '1 white feed No. 2 Cray Barl.y Brewing Standard feed Corn No. 3 eastern yellow, ship... 3l.r0 N'n 3 vellnw. delivery 31. .'0 fLUL K family patents, ;.ou; Daaers hard wheat, Il.o0; bakers' blueatem pat ents, t'.i; valley patents, 7.JU; whole wheat, IN 20: Kraham, JS.U5. illil.FEBIi Prices f. o. b. mill: Mill run, $33 per ton; rolled barley, $41fe43; tolled oat-, $42; scratch feed, $56 per ton. CORN Whole, CM: cracked, $42 per ton. HAY Buyinu prices, f. o. b. Portland; alfalfa. $1U per ton; cheat, t&23 per ton: clover. $18; valiey timothy, $-0 5 27; eastern Oregon timothy, $23. 34.r.0 S3.U0 32 .in 31.00 31. .10 31.50 Tuesday Year ago . . . Season to date. Year afro .... Tacoma Monday Year aiu Season to date. Yeara ago . . , Seattle "Monday Year 8KO .... Senson to date. Year ago .... Astoria To date Year ago .... Wheat.Bar.Flr. Oats. Hay. 41 ... 4 1 34 ... 10 2 3 .12.013 lilll r.7S SOS 1777 , 0.440 lliU 3040 400 1400 St ... n ... 7 o4 . . . 32 2 3.014 47 702 101 718 5.4U8 72 2121 150 6K0 44 2 4 12 ... 4 2 .... 3.M! 184 274 315 11 25 4.821 230 074 tj'Jl 1084 SIS 2 50 24 f.7 1137 5 8 50 APPLES FIRM AT SHIPPING POINTS Loral Market Steady With Fair Demand. Kastern Frices. There was a moderate demand for bp jles In tha local market and prices gener ally were on a steady basis. The Interior markets, while quiet, were firm. Extra fancy medium to large Wine jsaps sold at $2.252.50 at Wenatchee and $2.".5'f3 2 .50 at Yakima. In the cast the markets for boxed fruits were steady with the demand mainly for extra fancy large stock. At New York, northwestern fruit sold to Jobbers at the following range of prices: Ordinary condition AVinesaps, extra fancy large $4.25fg4.50, medium ?3.50$l 3.75, sniall mostly $353.25; Staymans ex tra fancy large. $3.25'si3.50; medium $2.73 (7r3, small mostly $2.50, fancy large $3ft 3.25, medium $2.502.75, small $2(2.25. fair condition; Stayman's extra fancy largo $3(33.25, medium $2.5051 2.75, small $212.25; Romes. extra fancy large $3.75 tf4. medium $33.50, 6mall mostly $2.50 to'2.75, fancy large $3.503.75. medium mostly $:j!g'3.25. small $2.23(8 2.50; New towns, extra fancy large $3.50(53.75. few $4, medium mostly $3(n3.25, small $2.23 2.50. fancy large $3.256)3.50, tnedjum $2.30 fi'2.75; Delicious extra fancy large $5.50 jiU. medium $t.50'g5. small $4b4.25. fancy large $4.50 fit' 4. 75, medium $4ftx'4.50; Mc intosh fancy large, $3.25(5 3.50, medium $2.75((f3, small $2.25(2.50. E.NGLIMI WHEAT STOCKS DECREASE Arrivals at Vnited Kingdom Ports Art Still Very Light. The supply and crop situation abroad Is cabled by Broomhall as follows: Austria Late reports mention soma frost damage. If ngary The condition of winter grains is good, but acreage In wheat shows a decrease from 10 per cent to 15 per cent. A full acreage of other crops is expected. Australia The qualities of the wheat are mostly good, but it is true many sam ples show the effects of stormy harvest. and there has been occasional mention of smut. India Further light, partial rains have fallen in the center and should be bene ficial. More moisture would be welcome. Italy The condition of wheat is, fa vorable, but the acreage is short. Spain and North Africa Agricultural conditions can generally be regarded as satisfactory. United Kingdom Arrivals of wheat are still very light anil stocks are still de creasing. The United Kingdom has again taken the larger share of the shipments to Europe. Continental buying has been rather slow and present crop prospects and supplies are regarded as favorable. Germany Dry, cold weather Is being experienced. winter crops of grain gen erally satisfactory. Plowing progressel actively. Dairy and Country Traduce. BUTTER Cubes, extras, $50c: prints. parchment wrapped in box lots, 52c; car tons. 53c. Butterfat, buying price, A grade, 60c; B grade, 48c Portland delivery. Eggs Buying prices, case count, ory 27'c delivered; Jobbing prices to retailers, candled ranch, 30c; selects, o2C'4c. CHEESE Tillamook triplets, uric Jobbers f. o. b. Tillamook, 33c; Youn; Americans. 34c lb. POULTRY Hens. 25(5 30c: ducks. 43 5cc; geee, 25c: turkeys, live, nominal uo. dressed, nominal. POKK Fancy, 15c per pound. VEAL Fancy, lic per pound. Fruits and Vegetables. FRUITS Navel oranges, $3.25a5.50 ieions, $3.25(4.75; grapefruit, $3.500(3.50 per box; bananas, lift 12c per pound; up- Dies. $1.10(l3.25 per box. VEGETABLES Cabbage. 11i2Ho per r ound; lettuce, $3. to per crate; carrots. $i.25 por sack; garlic, 20c pound; beets, $1.50 per sack;, cauliflower, $2.25(02.40 per crate; celery, $1.50(g5.50 per crate; green poppers, 30(1j40c per pound; rhubarb, 11 hi (r: 18c pound; spinach, $l.i5 per box; lur- n'ps, $2(u2-25 per sack; sprouts, 2tlc pound tomatoes, $o per lug; cucumbers, $3(&4 per dozen. POTATOES Oregon, $l(g'1.2o per 10 pounds: Yakima, $1.7o; sweet potatoes. 3.7. per hamper. ONIONS Oregon, $1(51.50 per sack. Stuple Groceries. luteal lobbing quotations: SUGAR (sack basis) Cane granulated, 8ic per pound: beet. S.Oac per pound. ,NL IS Walnuts. lZ'tP J8c: Brazil nuts. 31c: filberts, 15i;21c: almonds, 2830c neanuts. 10c per pound; eoconnuts, $2 per dozen; pecans, 23c; hickory nuts, 16c pound. HONEY comD, . ..'( o.-o per case. RICE Blue Rose. OHc per pound; Ja pan stvle. 7HiC per pound. BEANS small wniie. oc; large wnite. 8e ter pound. CoFFEB Roasted, bulk, arums. !4C(t3oc per pound. salt uranuiaiea. Dine, u.iiulr(t.:a half ground ton, 50c. $19.75; 100s, $18.25 lump rock, $26. Provisions. HAMS All sizes, 30fg-33c; skinned, 268 32c: picnics. 21c. BACON Fancy. 404c: cnoice, 30(9 34c; standard, 20 ((i 28c. LARD Pure, tierces, luc pound; com- pound, tierces, l'Ahic. DRY salt jaacas, kg'-ic; piates, ic 6c; pink. Tic: lima, 10c, bayou, 12Hc red. Ihic per pound. Wool, Hops, Etc. WOOL Oregon, clean basis, fine, 70c; half blood, 05c: three-eighths, 60c; quar ter-blood, 40ft43c. HIDES AND FELTS Nominal. TALLOW No. 1. 5c; No. 2, 4c pound. CASCARA BARK 1920 peel. 8c pound, HOPS 1920 crop, 10(fl. 15c per pound, MOHAIR Nominal. GRAIN BAGS Carlots, 7c, coast. FOUR-CENT DROP IN BITTER PRICES Loral Market Hwlines Today Because of California Slump. There will be a 4-cent decline in print butter this morning to 52-cent box basis for parchment wrapped. Butterfat prices wilt also be reduced to 50 cents delivered for A grade. In Tlew of the situation, thero was not much of a movement In cubes yesterday. Tha decline, which affects the sound as well as Portland, is the result of the con tinued slump in butter prices at San Francisco. Dealers in the California mar ket are suspected of manipulating .prices in order to get the market down to a rolnt where they can sell tbelr rapidly increasing surplus to he east. There was another advance In the east yesterday and this rives the Californians a profit able outlet. It is probable that when the southern surplus Is out of the way the market there will advance again and this may send the Portland market back to the old price about the first of next week. In the meantime the local make Is In creasing materially, which is another fac tor to be considered. LOCAL EGO MARKET IS STEADY Speculators Expect to Buy for Storage at 24 to 23 Cents. The egg .market was steady and tho larve receipts were readily absorbed. Bids made by tho larger buyers ranged from 25 to 27 hi cents. Predictions of a 24fff25 cent storing market wero made. Local Oils. LINSEED OIL Raw. in barrels. 99c 5-gallon cans. $1.14. Boiled, in barrels. $1.01: 5-gallon cans, $1.10. TURPENTINE In drums, 99c; 5-gallon cans, $1.14. COAL OIL Tank wagons and Iron barrels. 17Mc; cases, 30&37c. UASOLINfcJ Tank wagons and Iron barrels, 29c; cawes, 4 1 c. QUOTATIONS OX DAIRY PRODUCE Market Prices, Ruling on Butter, Cheese and Eggs. SAN FRANCISCO, Cal.. March 1. But ter Extras. 47rt.c; prime firsts, nominal. Eggs Fresh extras. 38 tec; extra firsts, 37ic; firsts. 34Vjc; extra pullets, 33c; un dersized pullets, 32c. Cheese Flats, fancy, 23Vic; Young Americas, fancy, 35c. SEATTLE. March 1. Eggs Select local ranch, white shells. 33(a34c: do mixed colors. 31c; pullets, 28e. Buttei City creamery in cubes, S5c; bricks or prints, 5uc; country creamery extras, cost to Jobbers, in cubes, 52c; storage, 42 (tf. 45c. NEW YORK, March 1. Butler Flrm;- creamery higher than extras, oog(55Vec; creamery extras. 54 be; creamery firsts,! 40(t5tc. Eggs unsettled; fresh gathered extra firsts, 39c; fresh gathered firsts, Stiff! 3Sc Cheese, firm; state, whole milk fiats, held specials. 204'u29c: stato whole milk flats, fresh, specials, 2323c. CHICAGO. March 1. Butter Higher. Creamery, extras. 53c: standards, 51 3c. Egvs. lowers receipts, 22.778 cases; firsts. 33 fa 33 4 c ; at mark, cases included, 32 6 32V4C. SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO. March 1. Vegetables Asparagus. 20(g3oe: eggplant, southern, nominal; squash, cream, tior75c; potatoes, rivers, $1.75fi(2.25; salinas, $2.85n 3; sweets, $0.7507; new potatoes. 5&0c; onions, AuMralian brown. 75f!Hic: green. $1.05v 1.75; celery, crate, $2ti4.50; garlic, 7(fi'l0c; bell peppers, 10i'22:ic; chile, lOc; turnips, 50c sack; beets, $1.25(1.50 sack; parsnips, $2(j.23 sack; carrots. $1(1.23 sack; peas. 8t' 10c; rhubarb, $2.75(0 3; let tuce. Jl.75eM.iM; artichokes, 0cy $1.25; spinach, 5ru-tic; cabbage, lc pound; peas, S 1 2 te c. Fruit Oranges, navel, $2(fr4.75; lemons, $2rf3.30: lemonettes, $1.50ji 2; grape fruit, $2('S3.50: tangerines, $21t3.50; apples, $1.25(1.85; bananas, 9(&10c; avocadoes, $3 Si 5. Poultry Hens. 33(f3lc: strictly young roosters. 38ri40c: old. 2225c; fryers, 50 (ft. 1"c; broilers. BS'iOSc; ducks. 80ff35c; squabs; 75 80c: Hel&rian hares, 25((t'28c; Jackrabbitt.. ,$3(53 25 dozen; turkeys, dressed, 60(0550; live, nominal; geese, 32ft 3.".c Receipts Flour. 1216 quarters; wheat, 1735 centals; barley, 44.789 centals; oats, 733 centals; beans, 5H2 sacks; potatoes, 3443 sacks; onions, 1OO0 sacks; hay, 130 tons: lemons and oranges. ltfOO boxes; live atock, 300 head; hides, Ml bundles. Selling Is Result of Unfavorable Developments in Reparations Conference at London. NEW YORK, March 1. Quoted stock values experienced severe Impairment to day. The heavy tone at the outset was intensified when cables from London in dicated that the proposals submitted by Germany to the reparations commission had fallen far short of conservative ex pectations. During the mid-session announcement was made of the passing of the Kenne cott Copper and Columbia Graphophone dividends, which gave the shorts fresh I ammunition. Statements of poor earnings, Including that of the American Woolen company, were among other bearish factors. General Asphalt registered an extreme decline of almost nine points on rumors of the dissolution of a bull pool. Other instances of weakness embraced Atlantic Gulf at a new low record ; steels, motors. tobaccos and sundry specialties at reces sions of one to five points. Rails of the Pacific and granger divl- sion were under pressure, probably on the rejection of the Burlington bond plan falling one to 3hb points with several of the coalers, Pennsylvania displaying un usual activity. Covering on steels, oils and ahipplng effected moderate improvement at the Irregular close.. Sales were 800.000 shares. Trading in bonds was broad, with recoveries In liberty Issues, but the gen oral list, including convertible ratts and industries, as well as internationals, was irregular. Total sales, par value, $9,175,000. CLOSING STOCK QUOTATIONS. Last Sales. ug 300 50 5O0 400 2,100 1.1O0 1,100 1.300 3., 'Hill 1,500 0.000 Anaconda Cop 1,400 Atchison 2,000 At G & W Ind 43,000 Baldwin Loco 15.000 Halt & Ohio. . 2.4O0 Beth Steel B' 4.800 B & Sup Cop 100 Cal Petroleum 1.900 Canad Pacific 2.000' Cent Leather. 1.200 Chand Motors 3.900 Ches & Ohio. 1,700 Chi, M & St P 1,000 Chi & NT W.. 800 Chi. R I & P 1.400 Chino Copper. 3oo Corn Products 2,800 Crucible Steel. 19,000 Cuha Cane Sug 300 Erie 1,700 Genrl Electric 1.3O0 Generl Motors 12.200 Great Nor pfd 6,300 Insp Copper. . Int M M, pfd Inter Nickel.. Inter Paper. . . K C Southern Kenne Copper Max Petroleum 1 est on covering, with the market showing net losses of 6 to 9 Points. March, ec May, 6.35c: July, 6.77c; September, 7.15c; October. 7.27c: December. 7.51c. Spot coffee was reported in moderate de mand at 6e to 64o for RltP 7s and 9fta to loc lor Santos 4s. Metal Market. NEW YORK, March 1. Copper, easier. Electrolytic, spot and first quarter, 12!i(n l-'c; second quarter, latfiac Iron, nominally, unchanged. Antimony, spot. 6.20 U 5.25a Lead, steady, spot 4c. Tin, easy, spot and nearby. 30c; futures, au.oo 3ic. Zinc, steady. East St. Louis, spot, $4.73 V4.D1C ' London. Wool Market Easy. LONDON, March 1. At the wool auction sales today 13.178 bales were offered. The contineuC and the home trade were buyers of free wools at prices which were either unchanged or easier. Govern ment wools were frequently withdrawn. Am Beet American Can. Am Car & Fdy Am H ft L pfd Am Inter Corp Amer Loco . . Am Sm & Rfg Amer Sugar. Am Sum Tob Am Tel & Tel Amer Woolen 7IH) 2.500 700 1,700 900 5.300 700 1.000 3.5O0 1,500 500 1(H) 3.800 2.800 1,400 22,100 700 100 5410 Miami Copper. Mid States OH Midvale Steel. Missouri Pac. Mont Power. . N Y Central. . N Y , N H .4 H Norfk ft West Nor Pacific... Ok Prd ft Rfg Pacific Mall.. Pan-Am Petri Pennsylvania . 20,200 Pitts ft W Va 500 Ray Con Cop 1.700 Reading 8,700 Rep Iron ft Sft 1.200 Ryl Dtch, N Y 6.BO0 Shat Ariz Cop 100 Shell T ft T 300 Sin Oil ft Rfg 10.800 So Pacific... 6,700 So Railway... 1.000 S O. N J, pfd. 00 Studebkr Corp 10.700 Texas Co 6,200 Texas & Pac. 1,700 Tob Products 2.3O0 Trans Oil 900 Union Pacific. 5.4(H) U S Food Pdts 1.10O U S Ind Alco 1.2O0 U S Ret Stores 4.000 U S Rubber.. 18.500 U S Steel 18,400 L S Steel, pfd 100 Utah Copper. . 5,3O0 West Electric 100 Willys - Ovrld 2,100 "Ex-Dlv. BONDS. U S Lib SHs 91.10'Am T ft T cv 6s. 96 do 1st 4s ST.loiAtchen gen 4s... 774 uo -u ou.oo Len sc rt con ts.oja uo jsi . .a-.u-ii.N- i cen aeo bs. .8874 do 2d 4'4s ...8li.84lNor Pac 4s 75ft uo i s . . .uo.uii.or rac as a4 do 4th 4"4s ..S7.(XilPac T ft T .... N4U Victry Ss 97.5;lPenn con 4Vis...88 do 4s 97.56Sou Pac cv 5s..94i4 u , -s reg ,i'J 'fllMlutn Kail OS. ...84 do 2s cou "W-ilUnlon Pac 4s 80 do cv 4s c pfd 108iU S Steel 6s 95 High. Low. Sale. 49 ,48 4S 211 "9 29 123t4 12314 123V 4-4l3 44 44 Vj 4.1 44 li 44 4 8(j"i 85 86 41 41 41 92 hi 91 91 M 88 8i 87 looii loo 1004 Hi 61 63 'i 38 5j 38 38 82 81 V el 42 "A 38?. 42 8014 87H 8844 34 33 , 33 14 87 50 14 57 12 12 12 40 4014 4014 1144 11414 114t 38 37 'A 38 Vj 68 4 7 OS V4 59 59 69 54 27 27 27 6714 OB" 6614 27 2614 26-4 21 14 21 14 2114 70 '4 . 69 'n '70 954, 0 9114 9414 24 23 24 13 13 13 '4 13014 130 1304 134 1314 13H 75 744 74 -4 34 33 'i 33 4 51 49 4914 134 1SV4 1514 5.) 14 53 14 55 2114 2014 20 "4 18 1714 17H 15074 154'4 1504 1814 1714 1714 134 134 1314 30 "4 29 v4 30 14 1814 181- 1S'4 54 14 54 14 54 4 71 70 7014 1914 19 19V4 'J 9714 714 8214 78 '4 79 3 Vs 3 14 3 14 15 13 15 74 'i 734 73 39 38 14 38 14 28 28'i 284 1314 12 12 7314 72 '4 72 611 65 14 66 69 58 6914 6 6 6 3914 394 3914 23 22 J4 23 7li 76 76 21 21 - 21 U 106 106 106 58 58 58 41 41 41 2314 22 23 55 6314 53 8 814 8'4 120 119 119 24 23 23 68 67 6814 54 53 54 66 14 64 66 "4 81 14 80 8114 10914 109 109 .49 48 48 40 4B 4614 7 7 7 HOGS IN FROM NEBRASKA DOZEN LOADS ARE RECEIVED DIRECT BY PACKER. Little Stock Is Available for Open - Market Prices Steady In All Lines. Arrivals at the stockyards yesterday were 13 loads of hogs, and 12 of these, which came from Nebraska, were a direct shipment to a packer. There was there fore little stock available for the open market and business was light.. The mar ket was about steady in all lines and prices were unchanged from Monday. Receipts were 1083 hogs. . The day's sales were as follows: Wgt. Pr.l Scows.. 622 $ 5.35: 10 hogs... 2 cows.. 855 4.75127 hogs.. . lcow... 980 4.501 20 hogs.. . lcow... 1100 6.OO1 8 hogs... lcow... 910 3.001 8 hogs... loo,.. 90 6.001 12 hogs.. . lcow... 810 5 501 4 hogs. .. Scows.. 1O90 5.25; 17 hogs.. . 2 cows. . 895 5.751 2 hogs. .. lcow.:. 760 5.51 5 hogs... 1 calf. .. 90 12.50: 1 hog 12mled.. 800 5.50) 1 hog 7ft hogs.. 393 11.351 TTiogs... 3 hogs.. 3K6 9.3.-.1 2 hogs... 3 hogs.. 173 11.3.". 2 hogs... 10 hogs.. 112 11.001 4 hogs... lhog... 40 1011O' 4 nogs... 3 hogs.. 100 11.001 6 hogs... 11 hogs.. 160 11.35! 7 hogs... 13 hogs.. 177 11.35 2 hogs... 7 hogs.. 183 11.3..I 5 hogs... lhog... 130 ll.04i 17 hogs.. . 5 hogs.. 1S 11.35! 2 hogs... 2 hogs.. 210 10 00114 lambs.. Shoes.. 178 11 351 The following prices are current at the local yards: Cattle- Choice steers Medium to pood steers. Fair to medium steers Common to good steers Choice cows and heifers Medium to good cows, heifers,. Fair to medium cows, heifers. Common to fair cows, heifers. CRmrers Wgt. Pr. 144 $11.50 941 11.00 190 11.35 270 10.50 181 11.00 221 10.7.1 2,1.. 11.25 237 10.75 273 10.50 184 11.23 130 10.30 290 10.50 212 11.25 ISO 11.35 300 8.50 277 30.75 362 11.35 ISrt 11.35 20.-1 11.25 460 8.00 154 11.00 214 11.00 290 10.76 94 6.73 TRADERS ITCH EUROPE WHEAT BULLS SEE 1XDICA TIOXS OF HIGHER PRICES Early Streng-th of Cliicago Market Is Offset by Increased Esti mates by Farm Reserve. Bid. Mining Stocks at Boston. BOSTON. March 1. Closing Quotations: Aiiouez uia Dominion .. 19 Ari Com - 8IOsceola 26 Cal & Ari 47 iQuincy 38 Cal & Hec!a...237 ISuperior 4 Centennial . 9!4iSup ft Bos Min. 2 Rge Con Co.. 34 'i Shannon 1 B But C Mine.. 8 Utah Con 4Vi rranKiin . '4 u inona no sleRoyCop... 20 Wolverine 12 Lake Copper .. 244lGreene Cananea 21ii r.ortn .Dune ... 11 Money, Silver, Etc. NEW YORK. March 1. Prime mer cantile paper, 714 Si 7 per cent. Time loans, steady; 60 davs. 90 days and six months, 6r7 per cent. Call money, steady; high. 7 per cent: low, 7 per cent; ruling rate. 7 per cent; closing bid, 6 per cent: offered at T per cent: last loan, 7 per cent. Bar silver, domestics. 9914c: foreign. 53 c. Mexican dollars, 4214c. LONDON, March 1. Bar silver. 32!4d per ounce. Money. 54 per cent. Discount rates, short bills. 7 per cent: three months bills, 6 13-16 per cent. ' Foreign Exchange. Foreign exchange rates at close of busi ness yesterday, furnished by Northwestern National bank of Portland. The amount uoted is the equivalent of the foreign nit in United States funds: country, foreign unit ustria. kronen Belgium, francs Bulgaria, leva Czecho-Slovakia. kronen Denmark, kroner ngland, pound sterling inland, finmark Germany, marks T reece. drachmas Holland, guilders Hungary, kronen aly. lire ugo-Slavia, kronen orway. kroner rortuiral. escudos Roumanla. lei Serbia, dinara Spain, pesetas Sweden, kroner Switzerland, francs China Hongkong, local currency. China Shanghai, taels Japan, yen Rate. i .0027 .07ti0 .0127 .0133 .18(10 3.9100 . .0297 .0733 .0170 .0768 .440 .0027 .0373 .Oo7:l .1705 .14)16 .0142 .0283 .1405 .2205 .1078 .4813 .6435 .4875 Bulls Choice dairy calves Prime light calves Heavy calves Best feeders Fair to good feeders Hogs Prime light '. .- Smooth, heavy Rough heavy Fat pigs v.. Feeder pigs Sheep East-of-mountain lambs . alley lambs Heavy lambs, 90 lbs. and up. feeder lambs Pull lambs Light yearlings Heavy yearlings , Wethers - Ewes " Prices . .$ 7.50-n) 8.00 . . 6 75 7.541 . . e.OOdJ 6 n.on-n) 6.00 6.0Oi 6.7.1 5.50 6.00 5000 6.50 4.00 Ht 5.00 2.noa 4.00 3.50 1a 5.00 12. 50 a. 1.1. so 11.5Oj12.50 ' 6.00CS) 7.50 5.00 Hp 6.00 0.004J) 6.50 11. OOff 11.31 1 0. 50 11.00 6.50 an 9.00 10.00(8 11.00 10.00-911.00 7.50W 8.00 6.50(S) 7.00 6. .10 7.00 o.oo-ft 0.50 4 00-9 .1 00 6.50W 7.50 5..ri0? C 5.0Or 6.00 1.50 5.00 Chicago Livestock Market. CHICAGO, March 1. Cattle Receipts, iu.oi-o neaa; early sales killing stock steady; undertone, weak; early top beef steers, sio.4n; duik, f8.;or-lo; bulk butcher cows and heifers. $l!8 7.75; canners and cutters, largely $3(ff4: bulk bulls, f5.-f.O0 6 25; calves, steady; bulk vealers. Ill 504i 12.50: stockers and feeders, strong; sales mostly a. lias. ' Hogs Receipts, 27.000 head; 23ffl3.1c nigner lights up most: heaviest slow: others, active; top, $10.85; bulk. 200 pounds own, to.oo'gno.io; bulk. 220 pouads up, I9.7510.30; pigs. 25(i40c higher; bulk, So to 120-pound pigs. $10(910.40. Sheep Receipts, killing classes about steady, tending weak; lambs, top to city butchers, $11 25: packer top, $11; buUc fat lambs, $10.25 (10.75; early yearling top. $9.3.,; ewe top. early, $6.65: some sales higher; bulk fat ewes. $6(g6.50. Omaha Livestock Market. OMAHA, March 1. Hogs Receipts, 15, 000 head; few early sales, 15c higher; mostly active. 25S35e hic-Mbr- knib dium and light butchers, $9.409.00; top, $9.73; bulk strong weight and packing grades. $9(89.35. Cattle Receipts. 5.800 head: hoof .,-, steady to strong; top. $10; butcher stock steady to 2oc higher; bulk she stock. $3 50 (g6.7o; veals, firm: stockers nrt r..ri.n steady to strong. sneep Recemis. 12.100 h.nrt. i,m; classes strong to 25c higher; - bulk lambs. $9.o0(jil0; top. $10.50: hn.k Is :a 6.15; no feeders included. Kansas City Livestock Market. KANSAS CIT7. Mo.. Mui-oh 1 r-.i.i. Receipts, 7800 head. Beef steers generally c higher; top $10: bulk i8..10i jr.. k... yearlings, $9.83; Colorado puloers. $90 9.u; she stock and bulls mostly 25c high er; spots more: bulk cows and heifers, $5. 15(8)7.25: few prime cows. 18: ran..,. steady to 25c higher; bulk $33.25; calves strong; top vealers. $12; stockers and feeders mostly 25c higher; 900-pound feed ers, $9. Sheep Receipts 7000 heart Kir Ewes. $6.25; wethers. $6.75: iambs .tooHo' to 23c higher; top, $10.75. Seattle Livestock Market. SEATTLE. March 1. Hoga ReceiDte. none. Steady. Prime, $10.75(j-)11.25; me- . m 5e"vy- $0.7 j 6-10. 75: rough heavies. loift 1.-0; pigs, suuj'll.ou. Cattle Receipts, none. Weak. Prime steers, i..ro(.,j; medium to choice, $6.25 , ; . futfu, ucai COWS ana neilers, se.ujii; medium to choice. I'tio, common to gooa. 43-OU'a4.0; bulls. Jiyo. calves. llgni. S11(W1J.50: henvv $J&!7.50. CHICAGO, March 1. Uneasiness over the political tension in Europe tended to day to make wneat prices higher. The market closed firm at the same as yes terday's finish to 114 c up with March, $1.66?i, and May, $1,575; to $1.58. Corn gained iic to ',4c, oats lc to c and pro visions 20c to 52c. With news that allied forces were mas sing to -coerce Germany and that the reparations conference had thrown aside Germany s financial plan, bulls showed optimistic disposition.. Upturns in values, however, were considerably counteracted by -estimates that farm reserves were 27, 000,000 bushels more than last year, and by reports that soring wheat seeding h been begun in southwestern Minnesota. On the other hand, gossip was current tha consignment notices showed a falling off, Inasmuch as rural selling to avoid March 1 taxes was ended. Taken as a whole, trade was light and the market easily influ enced with shorts covering at the last. Corn and oats were strengthened by as sertions that consumption of botn xeea stuffs since last harvest had been the largest in, history. Provisions advanced witn nog values. The Chicago market letter received yes terday by the Overbeck & Cooke company of Portland said: Wheat Trade was extremely quiet and the feeling of indecision which has been so prevalent of late was more pronounced than ever. The market fluctuated Wltnin ranee of about 2 cents a bushel, de clining on selling induced by the estimate of a local statistician Indicating total sup plies In first and second hands of only 18,000.000 bushels less tnan last. year. Taking Into consideration the visible sup nlv. these figures show a total only u, 000,000 bushels under last year, so that with export and domestic consumption for the remainder of the year ot about trie same extent as last year, a normal carry over or better is suggested. The market certainly showed remarkable strength in face of the publication of these figures, and seemed to reflect the possibility of further export buying stimulated by the fact that Argentine prices are now about on a parity with ours. It was reported late in the day that Germany had taken two cargoes of Pacific coast wheat. The light stocks at terminal markets will make the market more than ordinarily suscep tible to a revival of foreign demand. "Corn showed independent strength throughout the day and closed at the high point. Cash prices, steady to half a cent higher, with the trading basis. The esti mate of 45 per cent or 1,456,000,000 bush els of corn remaining on farms was con strued by nany as bullish because of the tremendous consumption shown. It does not seem reasonable, however, to view it In that light, as the fact remains that the supply probably is by far the largest on record. "Oats had a firm tone and sales were absorbed in impressive fashion. The cash market also was firm at yesterday's basis. Country offerings to arrive were moderate. It is almost certain that there will be pressure of cash from the country at this level, and any Improvement In the ship ping Inquiry should find quick reflection in higher prices. "Provisions ruled strong at the advance, with offerings at "no time pressing." Leading futures ranged as follows: WHEAT. Open. Hiph. $1.414 $10714 J. OS CORN. .09 Si .71 -H OATS. May 44T4 .4514 July 46 .46 '4 March. May.. . May... July... 1.5614 .68-4 .71 14 Low. $1.65 1.5514 .684 .70 ?feed. $1.20(&1.40 -oats, red feed. $1.40 1.50; corn, white Egyptian. $2. 80ft 2.85; red mllo. $21i2. 10; rye. nominal. Hav Wheat. $24if21: tame oat. $17 9 19: wild oat. $1215; barley. $1215: a. falfa. $17i&20: stock. $10ii 14. Seattle Grain Market. SEATTLE. March 1. Wheat Hard white and Big Bend bluestem, $1.35: soft white, white club and hard red winter. 1 $1.30; soft red winter, northern spring and eastern red Walla, $1.25. City delivery Feed: Scratch feed $57 ton: baby scratch feed, $55; feed wheat. $0; all grain chop, $47: oats, $46; rolled oats, $48; sprouting oats, $.i; roiiea Dar ley, $45: clipped barley, $40; milled feed. $34; bran, $34; whole corn, $40; cracked corn, $42. Hay Alfalfa. $27 ton; double com pressed, $33; ditto timothy, $38; eastern Washington mixed. $34; straw, $20; Fuget sound, $31. Dolnth Linseed Market. DULUTH. March 1. Linseed on track and to arrive, $1.78. Road Will Be Debated. HOOD RIVER, Or., March 1. (Spe cial.) Hood river valley Interest now (Jenters In a (rood roads debate to be held Friday evening at Mclsaac hall at Parkdale. A. L. Boe and U. B. Gibson, the latter county school su perintendent and the former an up per valley orchardlst, will support the affirmative, and George R. Wilbur, local attorney, and M. C. Boe will take the negative of the question: Resolved, that a paved highway should be constructed from Parkdale to Hood River." Husband Wanted for Desertion. ABERDEEN, "Wash., March 1. (Special.) Deputy Sheriff Henry left yesterday for Portland to bring- back Tom Coupland, wanted for wife de sertion. Coupland was arrested here January 28, charged witl having passed a check on a Centraha bank without funds to cover it. He was released on his own recognizance, after which he disappeared. His fam ily since has been cared for by the countyC Improvement Work Planned. ST. HELENS, Or., March 1. (Spe- cial.) Much street improvement is planned in St. Helens for spring and summer work. The council approved the petition of property owners for improvement of wyeth street and ha under consideration a petition to Im prove Spring' and Pine streets at a cost of nbout $15,000. We offer subject to prior sale and change in price United States of Brazil 4 External Sterling Bonds Denominations: ,100, 500, 1000, Interest payable in London or in the United States at the current rate of exchange. ' These bonds are direct and general external obliga tions of the Republic of the United States of Brazil, whose full faith and credit are behind the loans. Brazil Is the (Second largest country In the Western Hemisphere. Its area. 3.292.911 square miles, is only slightly less than the tjnited States, including Alaska, and almost that of Europe. Its popula tion i estimated to be 30, 000, COO. Over one-third of Bra-til's foreign trade is with the United States. Brazil, with a per capita external debt of $18. SO. compares v-y favorably with Chile and Argentine, who have external pur capita debts of $37.00 and $51.51, respectively. According to the latest available figures, those of 1919, the na tional debt of Brazil was $15,000,000,000, th external debt $S6.", 130,000, and the total debt $902,743,000. The interest on the external debt amounts to $24,692,000. Annual national revenues for 1913 were $183,615,000. With Exchange at ?3.85 4.00 4.30 4.86 Annual Income 8.53To 9.17To 10.377-3 (Par of exchange is $45665) Profit if Called at Tar $395.00 425.00 485.00 C97.00 Being 4 Bonds, the coupons on f200 amount to t8 per annum. With exchange at par ($4.S6) this 8 amounts to $38.88. providing an annual income of 10.37 on the $375.00 invested. At tho present exchange rate of $3.S5 per fl the annual interest is $30.80. or over 8 on the money invested. When the bonds are repaid, assuming an exchange rate of $4.88. the 200 produces the principal sum of $972.00. Deducting the $.175.00 originally invested loaves a profit in principal amount of $597.00, or 159 on the investment in addi- tion to tho high current income received. Price $187.50 (flat) per 100 (at par of exchange $486.66) Price $937.50 (flat) per 500 (at par of exchange $2433.33) Price $1875.00 (flat) per 1000 (at par of exchange $4866.66) Ralph Schneelochompan MUNICIPAL AND CORPORATION FrNANCE jjMeeMeN3 biwi.oinO Portland, Oregon; MESS PORK. May. . May... July... May July.. $1.78'.: LARD. 12.27 12.50 12.27 12.75 12.85 12.75 SHORT RIBS. 11.70 11.110 11.70 12.00 12.22 12.00 Cash prices were: Wheat No. 2 red. $1.71. Corn xo. 3 mixed, 3 Vi i yellow. 6Sc. Oats No. 2 white, 44 ii ( white, 43(S44c: Rye. none. Barley, 68 85c. Timothy seed, 3.755.2.1. Clover seed, $13(3)17. Pork, nominal. I.ard, $12.05. Ribs, $11.2512.25. Minneapolis Grain Market. MINNEAPOLIS. March 1. Cash No. 1 dark northern. $1.7414 1. 75, to arrive, same; No. 1 dark hard Montana, $1.74f,(S1.774: No. 1 hard Montana, $1.72g)1.74Sij. Barley, BOWTlc. Flax, No. 1. $1.704 (51.81. ' Futures Wheat: March, $1.52S; 1.52-H. . Winnipeg Grain Market. WINNIPEG, March 1. Wheat: 1.83 ). ; July, $1.7214. Spring Rise " Possibilities of the Motor and Tire Stocks We have prepared a spe cial bulletin touching; on the present position of the automobile industry and making comparison be tween the stock market decline of the motor and tire stocks in 1917 and the drastic setback of last ' year. The recovery from the 1917 low level was sharp and decisive. The turn that now seems at hand will probably be just as far-reaching. Grain at San Fram-isro. SAN , FRANCISCO, March 1. Grain- Wheat, feed. $2.70r(i,2.S4): do. milline. $2.60 UL'.(.i: nariey. eninplite. X l..o n' I uo; do. J. $7000 L. Hartman Co. Close. I $1.6tl 1.87 I .419 '4 I .71 44 "i .45 45 'i ASi 21.82 I 12.S0 12.85 1 1 .no No. 2 hard !?63c; No. 2 ?44'i.c: No. 3 I To those interested we shall be elad to send a : copy of BulletinPG-M !Ust j for the asking. i l -. r-wriDicCriri-ncKcnrJr.fSc May, ulllinLLJILUUlllluuii-U' 66 BROADWAY NEW YORK TLEPHONES:RECT0R 4663-4 May I iT-w 1 Pays You 8 for Fifteen Years (The Portland Flouring: Mills Company First Mortgage 8 Fifteen-Year Gold Bonds are Good Bonds for You to Buy.) One of the largest, most prosperous com panies in the flour miling industry on the Pa cific coast is the Portland Flouring Mills Com pany. Not only has it a 10,000 barrel daily pro duction from its own plants, but unusually ex tensive facilities for the distribution of its prod uct throughout the United States and in foreign countries. The Company's excellent record of earnings over many years and its excellent management give these bonds a high rating among the bet ter industrial issues. Blyth, Witter. &, Co. Yeon Bldg.. PORTLAND SEATTLE - SAM FRANCISCO-LOS ANGELES- NEW YOfLK at Naval Stores. SAVANNAH. Ga.. March 1. Turpentine firm, 53(&'5c: sales. 9ic: receiuts. 1:1:1 barrels; shipments, 80 barrels; stock, 12.:ssa barrels. Rosin, quiet: no sales; receiDts. 460 bar rels; shipments, 656 barrels: stock. 7.noT barrelrs. Quote B, I, K. F. G. H. I. KL M, N, WO, WW, $11. t'otton Market. NEW YORK, March 1. teady; middling. 11.60c. otton Spot NEW YORK, Man-ti 1. Exchange firm; sterling demand, $3.S8',i; cables, 3.H'J'. : franca, demand 7.20, cables. 7.22; Belgian francs, demand 7.61, cables 7.53; guilders, demand &4.20, cables 84.30; lire, demand 3.65; cables 3.67; marks, demand 1.62, cables 1.413; Greece, demand 7.4S; Argen tine, demand U0; Brazilian, demand 15.62; Montreal, 12 5-16 per cent discount. Canadian ExchfanKe Rate Announced. OTTAWA, Ont.. March 1. The rate of exchange in connection with shipments of freight between points in Canada end the United States for the period of March 1 to 14. inclusive, will be 144 per cent, with a surcharge of 9 per cent, the railway commission announced today. Swift & Co. Stocks. Cloning prices for Swift & Co. stocks at Chicago were reported by the Overbeck & Cooke company of Portland as follows: Swift & Co 102 H Swift International 26 Llbby. McNeill & Llbby ; 11 National Leather S Dried Fruit at Kew Tork. NEW YORK, March 1. Evaporated ap ples, steady. Prunes, dull. Peaches, ne glected; standard. 15Hc. Coffee Futures Lower. NEW YORK. March 1. The market for coffee futures showed further declines to day, prices making new low records for the season on all deliveries. The market opened at a decline of 4 to 6 points. Clos ing prices were a shade up from the low- Xen New York, for centrifugal granulated. York Sugar Market. March 1. Raw sugar, 6.77o refined 7.75c for fine Coos County Is Advertising. MARSHFIELD, . Or., March 1. (Special.) Coos county's advertising pamphlets, now ready for distribu tion, are illustrated on 12 of the 24 pages with scenes at Powers, Ban don, Myrtle Point, Coquille. North Bend and Marthfield and views of farms and resorts. Reduced Price Company paying a sure 1(H I am offering this block of preferred stock, which has 3 months' accrue dividends, and which has paid regularly 10 at $98 a share, or $G860. Com pany in remarkable financial condition, but I need my money. B 450, Oregonian CHREWD owners of property retain a management organization just as a cau tious mariner takes aboard a pilot. Strong 6 MacRaughton CORBCTT BUILDING PORTLAND OREGON TfcUR BOND DEPARTMENT is We specialize in Liberty and Victory A State of Oregon County Obligation Wallowa County, Oregon (One of the best agricultural counties in the state) 5 General Obligation Road Bonds 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. - -TI ITi) ID0 i HI ii'ds Ask u t' 7uote jjou before you buy before you sell New Tork market by wire daily. liyiUP SMITH CAMP CO. SftOUND FLOO lumsmmkns builoin Fifth ud stack 'HUT BT40 I Dated September 1, 1919 Due Serially $ 5,000 due September 1, 1924 at 96.88 and interest to net 6.007'o 10,000 due September 1, 1925 at 96.10 and interest to net 6.00 20,000 due September 1, 1926 at 95.82 and interest to net 5.90;;, 20,000 due September 1, 1927 at 95.19 and interest to net 5.901;'--7,000 doe September 1, 1928 at 94.60 and interest to net 5.90 Assessed valuation over Sixteen Million Dollars ($1-8,000,000.00). Total bonded debt only One Hundred Thousand Dollars ($100,000). Population 12,000. Exempt From All Federal Income Taxes g.pevepeaux Rgmpany 87 Sixth Street INVESTMENT BONDS PORTLAND, OREGON Broadway 1012 14 DIVIDEND YIELD Chu be oecured through the Im-mediat-s purchase ot a elected group of New York Stock Ex change iSSUfB. These stocks represent some of the most prominent corpora tions In the United States and possess long and BUcceswTuI dividend record. In addition to hJfth yield, they-alo pucc-m exceptional market-prof it po Klbilitibs and are anions the most active istuea on the Exchange. Full details on request fur r'-'iO. H. & B. WOLF & CO. STOCKS AND BONDS S80 MaillMm Ave. Ntw York HERRIN & RHODES, INC. Railway Excltans Bldg. Main 2S3. Established ISO 6. Seattle, Portland, Taroma. Fast private duplex wire coast to coasL Stocks, Bond Oram, Cotton. Foreign Exchange. ALL MARKETABLE SECLRITIKS. Members Chlrairo Foard of Trade. Correspondents t?. b Hut ton & Co. 31 em ben New York Stock Kxchan-re, New Tork Cotton Kxchance. New Orleans Cotton Exchange. LIBERTY AM) VICTORY IiOMS. Headquarters for buying and selllug all Issue. Large or small lots. Phone Your Want Ads to THE OREGONIAN a Main 7070 Automatic 300-93