THE 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