Morning Oregonian. (Portland, Or.) 1861-1937, March 22, 1921, Image 21

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Morning Oregonian., March 22, 1921, Page 21, Image 21

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Newspaper Page Text21, THE MORNING OREGOXIAN, TUESDAY, MARCII 22, 1921 K . : 1 v4 i FLOUR PRICES GUT 40 CENTS A BARREL Millers Follow Decline in Wheat Market. FAMILY PATENTS $9.40 Bakers' Grades Are Also Reduced Trading In Grain Light, With More Offering. The decline In flour pricea, which was expected as a result of the continued fall in wheat, wis announced by local millers yesterday. Family flour quotations are 4 wo 40 cents a barrel to $9.40 for the test patenta. bakers' flours ara 25350c cheaper, hard wheat being quoted at $8.25 and bluentem patenta at $7.75. Graham and whole wheat floura were reduced 40 centa. Wheat bids were unchanged on the local board, but the feeling in the market was weak. Country advices said farmers were offering; more freely than for soma time past. Coarse grains were quiet and weak. Oats and corn bida wero 5075 centa lower. There was no demand for barley The British purchase of 2.000,000 bushels at wheat in the east was confirmed, 800.000 being Manitoba winter. Russell aaid 1,000.000 bushels of wheat were want' ed for export yesterday. An Argentine private cable say 600.000 bushels of wheat were sold for export. The exportable surplus is 97,000,000 bushels, or 23,000,000 bushels less than official estimate. The weather forecast sent from Chicago said: "Generally fair tonight and Tuesday; fieezing temperatures In Illinois, Missouri, Iowa and Kannaa tonight; warmer in other atatt-a Tuesday." Texas reported tha appearance .of gTeen bugs. In Nebraska the soil is very dry sod rain insldo of a week Is imperative. Denver reported that Colorado grain Is badly in need of rain. Terminal receipts, in rtrs, were reported by the Merchants' Exchange as follows: Wheat.Barley.Klr.Oats.Hay. Pnrt land- Monday 121 ... Year ago '-'0 ... Rraiwn to date 15R72 2 Tear aco 7001 llii Twroma Saturday JO ... 12 2 15 2 1 IS 047 42S IDSS 3330 413 1051 7 ... 7 14 I 6 7K 100 777 242 12 737 "i "i I" 8 3-7 1151 19 623 1122 Yeur hko i i - Scanon to date 370 . 47 72 Year stfo .... 6134 Seattle Saturday .... Year ago 23 ... Season to dale "i Year ago 521)3 231 DANISH BLTTER DEPRESSES MARKET Another Large Shipment Is Due In This Country Tomorrow. Fuller markets In the east continue to decllno, owing to the large Importations from Denmark. In the past week New York waa chiefly affected, but other mar kets lost trade and sentiment waa bearisn over the entire country. The break in egg pricea and the reported difficulty of packers of eggs In securing adequate loans and rates has made butter people think butter prices are due for a considerable decline before the storage season. Do mestic receipts were slightly heavier, but not excessive as yet, and outside of Dan ish arrivals, eastern marketa are actually ahort of supplies and were firmer at the Hd of the week, but the steamer Oscar II Is) due on the 23d with 19.000 casks and the outlook Is not strong. Two "ar goes which arrived the past week totaled about 10.000 casks, but this is high cost butter, due to resale in transit up to fiOo. The average net decline in the week on S3 score butter waa 2VC from Monday through Friday at the four marketa Trad ing In atorage butter la almost dead. Hold era are working hard to use or sell, but prices are very low and aalea difficult. New Zealand butter from San Francisco evidently found a fair market as it was reported sold in transit at around 44c. Boston Is stuck on a lot of htgh-prlced storage butter. Following closely conditions In tha east, Fan Francisco butter prices continued on the downward grade. The tone of the market ahowed signs of steadiness Mon day and Tuesday, but It was unable to recover from the continued decline, and 92 score lost Sc from Monday to Friday, inclusive. Two cars of fresh butter went east In the flrat part of the week, and some shipping business to the north and south prevented a more rapid decline, but did not keep stocks from showing an accumulation at the cloae of the wee. The consensus of opinion Is that prices must go soma lower. Reoelpta hav in creased, the atorage aeaaon la still four to six weeks away, and outside demand is hardly atrong enough to keep the surplus cleaned up. Some reaction in prices may occur in tha event of a ateady to firm aatern market, thus allowing sufficient margin for shipping. However, with ap proximately 2,280.000 pounds of low-priced Danish butter arriving In New York next Wednesday, there Is slight confidence In firmer markets. As a great many eggs have gone .into storage at pricea higher than the present levels, butter men will no doubt be cautious about storing 'his year until assured that bottom pricea have been reached. EGO QUOTATIONS CUT TO 18 CENTS Buyers Kedoce Their Bids t Cents for Today's Receipts. TIgg prices continue to fall. Testerday'a large receipts were taken at 20 centa, but today's bids will be 2 cents lowep than thla price. In view of the ateady decline In the east, where storage operators are finding soma difficulty In getting funds, the local trade believes that prices here will go still lower. There was a drop of 8 cents In the Chicago market yester day, where storage pack sold on the ex change at 25 cents. Fresh eggs sold at 22 W 22 V4 cents on the Chicago board. There was a steadier feeling In the butter market than at the -close of laat week, as good gradna cleaned up better. Under grades, however, ara atlll drag ging. No change In print prices la In sight. Poultry was very scarca and firm. Heavy hens aold at 8033 eenta and light hena at 2rr-S cents. Dealers look for larger receipts because of the very low ' egg price. Country dreaaed meat were steady. Chreae Holding Reduced. Oold storage holdings of eggs throughout the United States were 19.4 per cent larger on March 1 than a year before. Butter holdings lncreaaed 15.T per cent, but cheese stock showed a decrease of 95.1 per cent. Official figures follow: March 1, March 1. 1021. 1020. Creamery hotter, lbs.. 26.773.000 22,508,000 Cheese. Amu., lb.. ..17,435.000 S4.030.000 Egga, cases 38,000 29,000 Steady Decrease la Wheat Visible. Tha American visible wheat supply state ment compares aa follows: Bushels. Decrease. Jtareb. . 1021 24.579,000 1,820.000 March 22, 1U20. ...... 47,087.000 1.847,000 March 24, 1919 101.0.19.000 9.838.000 March 25, 1918 6,293,000 1.229.000 The visfble com supply Is 29.847.000 bushels. Increase 2,870.000; oats, 84.907.000 bushels. Increase 682,000; rye, 1.814.0)10 bushels, decrease 55.000; barley, 1,814,000 huaheie, decrease 49.000. Bank Clearings. Bantr clearing of tha northwestern cities yesterday were as follows: Clearing. Balances. Portland s- ....$.V853.9a $1,730,929 SeaiU uumuv. e,S8S,0Sl 210.725 878,928 2.130,3 449.248 1,072,848 PORTLAND MARKET QUOTATIONS drain. Flour, Feed, F.tc Merchants' Exchange, noon session. -urn- Wheat Mar. April. May. nara wnite $1.39 Soft white 1.38 White club 1.37 Hard winter 1.33 Northern spring 1.82 Red Walla 1.32 $1.40 $1.40 1.39 i.bs 1.88 1.34 1.83 1.33 l.sa 1.34 1.33 1.33 oats No. 2 white feed 33.00 83 50 33.50 Corn No. 8 B. T. shipment ...80.00 No. 3 Y. delivery. .. j.. 80.00 30 00 80 00 80.00 30.00 FLOUR Family patents, $9.40; bakers' hard wheat, $8.25; bakers' bluestem pat ents. $7.76; valley patents, 6.90; whole wheat, $7.80; graham, (7.60. M1LLFBBD Prices f. o. b. mill; Milt run. $20 per ton: rolled barley, I4143; rolled oats, $43; scratch feed, $55 per ton. CORN Whole, $39; cracked, $42 per ton. HAT Buying pricea f. o. b. Portland; alfalfa, $19 per ton; cheat, $22(823 per ton; clover. $16; valley timothy, $25026; eastein Oregon timothy. $27. Dairy and Conn try Produce. BUTTER Cubes, extras, 8940c; prints, parchment wrapped In box lots, 45c; car tons, 46c Butterfat, buying price A grade 42c; B grade. 40o Portland delivery. EGGS Buying pricea, case count, 20 delivered; jobbing prices to retailers, can dled ranch, 2526c; selects, 2728c. CHEESE Tillamook triplets, price to jobbers f. o. b. Tillamook, 33c; Young Americas. S4e lb. POULTRY Hens, 26 33c; ducks. 45 50c; geese, 25c; turkeys, live, 35c; do reused. 45I&50C PORK Fancy. 1616ttc per pound. VEAL Fancy, 1744 18c per pound. Fruits and Vegetable. FRUITS Navel oranges, $3.S5'85.50; lemons, $3.504.5; grapefruit, $3.258.50; per box; bannnaa 10llo per pound; ap ples, $1.854 per box. VEGETABLES Cabbage. 21AS4c per pouna : teiiuce, S4.uugi4.23 per crate; car rots, si.za per sack: garlic. 102P200 pound beets, $1.50 per sack; cauliflower, $1.50 per crate; celery, $4.505.50 per crate; green peppers, 3UW4.c per pound: rhubarb. 160 20c pound; spinach, $11.50 per box; turnips, $2.00 per sack; sprouts, 20925c pound; tomatoes, $4.75 per lug; cucumbers, $34 per dosen; peas, 20c pound; aspara gus. 21! Mi 0 25c per pound. POTATOES Oregon. 11.25 per 100 pounds; Yakima, $1.60 1.75; aweet po tatoes, $3.75 per hamper. UNIONS Oregon. 11.50 per sack. Staple Groceries, Local jobbing quotations: 8!4c per pound; beet, 9.15c per pound. 34c; filberts, lo21c; almonds, 2830c; peanuts, 10llo per lb.; cocoanuts, t- per dozen; pecans. 23c; hickory nuts, 16Vo pound. HONur comb. $7.75 per case. RICK RIiim I'n.e RH. ...... ...... ., A Jauan sayle, 4o per pound- BEANS Small white. 614o; large white, 6V4c; pink, 7)4c. lima, 84c; bayou, 11 He; red. 7Hc per pound. (JUKi- tiN Jtoaated. bulk, drnma Wfl.Ur per pound. SAL.T Granulated, bale. $3.504.25; half rrnnnil trtn .'.(I, t? TS. 1 lump rock, $!'. ' DRIED FRUITS Italian prunes, 714o pound; dates, $3.757 per box; figs, $2 IT-. ...... 1. .. Provisions. " " HAMS All sizes, 30 iff 37c: skinned. 26a 36c; picnic, 1719c; cottage roll. .30c. BACON Fancy, 4353o choice. 80 85c; standard. 2628c. LARD Pure, tierces. 17c pound: com pound, tiercea. 12c. DRY SALT Backs, 22 28c; plates, 18c. Wool, Hops, Ct. WOOL Nominal. TALLOW No. 1, Sc: No. 2, 4c pound. CASCARA BARK 1920 peel, 8o pound. HOPS 1920 crop, 16 20c per pound. MOHAIR Nominal. GRAIN BAGS Carlots. 7c. coast. Oil. LINSEED OIL Raw, In barrels, 94c: S-gallon cans, $1.09. Boiled, in barrels, vttc; 5-gnllon cans, $1.11. TURPENTINE In drums, 94c; s-gallon cans. $1.09. COAL OIL, Tank wagons and Iron bar rels, 17 14c; cases, 3037c. GASOLINH TanK wagons ana Iron bar rels. 30c; cases. 42 fee. Coffee Futures Slump. NEW YORK. March 21. The market for coffee futurea waa easier today. The open ing was 3 to 6 points lower and closing bids were about the lowest of the day. showing net losses of 32 to 85 points. Closing bids: March, 5.37c, May. 0.82c; July, 6.00c; September, e.40c; October, 6..Vc: December, 6.80c; January, 6.92c. Spot coffee was reported in moderate demand at 6c for Rio 7a and ic to 914c tor Santos 4s. Metal .Market. NEW YORK. March 21. Copper, dull. Electrolytic, spot and March, 1212V4C second quarter, 12V413c. Iron, nominal. o. 1 Northern, SL'K; o. 2 Northern, $27; No. 2 Souttiern, $25.50 8. r0. Tin, firm. Spot and nearby, 28.50c; fu tures. 29 29. 50c. Antimony Spot. 5.50c. Lead, dull. Spot, 4.00c. Zinc, quiet. East St. Louis ' delivery. spot, 4.764.85c. Dried Fruit at New Tork. NEW YORK. March 21. Evaporated apples, firm; Callfornias, 6 to 8c; state. 6V4 to 13c. Prunes, easy; California, 4gi7'4c; Ore- gons. 6 ',4 16c. Peaches, steady; standard, 144c: choice. 18c; fancy, 19 to 21c. Cotton Market. NEW YORK, March 21. Spot cotton, quiet. Middling, 11.85c. New TorW Sugar Market. NEW YORK. March 21. Raw eugnr. 627c for centrifugal; refined, 8.00 to 8.2ic for fine granulaied. DAILY METEOROLOGICAL REPORT. PORTLAND. March 21. Maximum tem perature, 64 degrees; minimum. 44 degrees. River reading, 8 A. M., 14.8 feet: change in last 24 ho urfli 0,3 foot f8.ll. Total ruin Tut 1 (5 P. M. to 5 P. M.). 0.20 Inch: total rain fallnince September 1, 1920, 40.84 Inches: normal rainfall since September 1. 35 13 inches: excess of rainfall since September 1. 11)20, 5.71 inches. Sunrise, 6:12 A. M. ; sunset, 6:25 P. M. Total sunshine March 21. 4 houra 17 minutea; possible sunshine, 12 hours 13 minutes. Moonriee Tuesday, 4:20 P. M.; moonsct Wednesday. 5:19 A. M. Barometer (reduced to sea level) at 5 A. M., 29.98 Inches. Relative humidity at 5 A. M., 90 per cent: at noon, 64 per cent; at 5 P. M., 77 per cent. TUB WEATHER. Tacoma ......... Spokane Wind Weather STATIONS. Baker .... Boise ...... Boston . . . , Calgary .., Chicago ... Denver Dea Moines Eureka .... Galveston . Helena .... Juneaut ... 52 0 58i0 001. .ISB Cloudy Clear 00114 B 8210. 8!0. 4210. 54 10. 4210. 54iO. 00118 N Pt. cloudy SE IClear 12INB 14IS ..IN 18ISW Pt. cloudy Clear Clear Pt. cloudy 760 500 t32i0 88 0 001. .IK Cloudy ooI.Jnw 001.. I.... 84I18INE Pt. cloudy Pt. cloudy Kansas City Cloudy Pt. cloudy Clear Los Anugeles 6fi0. 00 . . W Aiarsniiem Med ford .. Minneapolis 56 0. 540 2810 8210 40 .. SW 081. . IN 00I12NW 2HI . . SB 00i38INW Rain Clear Pt. cloudy Pt. cloudy Pt. cloudy Clear .. Clear New Orleans New York.. North Head. Phoenix .... Pocatelto ... Portland ... Roseburg ,.. Sacramento St. Louis.... Salt Lake... San Diego. . . 80 0. 5210. ..IS 78 ;0 500 5410 54'0 800 48'1 . .(SB lOlS ..IS ::!NB Cloudy Pt. cloudy Rain Rain Clear Clear Rain Rain Clear Rain 14H2NB 60i0. oo;i2isw 620 58 !0. 58:0 38 0 00 12INW S. Francisco 10112 S 01I..IW 001.. ... 001 . . IB 00 lOiSB Seattle Sltkat Spokane .... Tacoma . . . Tatoosh Isd. Valdezt .... 50!0. 56 0 Cloudy 50 0. S ft. cloudy Clear 32 0 00 .. N Walla Walla 54 0. 04i. . NW Cloudy . Cloudy Washington Winnipeg . Yakima . . . S00 OOllBiNW 00 ..I..,. 041. . IE ...10. 4SI0. Rain 1A. M. today. day P. M. report of preceding FORECASTS. Portland and vicinity Occasional rain; southwesterly winds. Oregon and Washington Occasional rain; moderate southwesterly winds. 2 S ti ; 5 3 3 -o S 5 ST '. I 3 a t 5 3 : 2 ; S : - S : . 3 : ! MOTOR STOCKS FORGED UP! standard investment issues UNDER PRESSURE. Liberty Bonds Record Gains at Close; Call Loan Rates Are Reduced. NEW YORK, March 21. Conflicting tendencies In the slock market prevailed again today. Uneasiness of rails, steels and equipments more than neutralized maneuvers of the bull pool in motors and tne speclaltlea. A larae DroDortlon of the dealings con verged around Studebaker, Chandler, Plerce-Arrow and General Motors, Atlantic Gulf, General Asphalt, Mexican Petroleum and rubber accessories. Toward the end high-grade rails were under greatest pres sure. Total aalea were 685.000 shares. Further improvement in the banking situation caused extended discussion re garding prospects of reduced discount, by the federal reserve board, but It was be lieved conservative financial Interest still opposed such action. Call loans opened for the first time In many weeks at 814 per cent, later reiax lng to 6. Plenty of call money was avail able in private loana at 5 per cent. Foreign exchange market were firm to strong. Advances In the Berlin and Prague rates were assumed to have some connec tion with the outcome, of the Upper Silesia plebiscite. Railroad bonda shaded with stocks. .In ternationals were Irregular and the liberty group closed with a majority of gains, after Inclining moderately downward. To tal - i ..- . -.. i . . (i T r a 1 1 (M l CLOSING STOCK QUOTATIONS. Last TJll. T no, VbI, Sales. 900 2.500 2U0 1.500 13.MK) 500 1.9O0 900 1.900 High. Am Beet Sug 80 122 41 .-, Sli it 40)4 94 8014 100 68 9 38 M 34 V4 88 V4 ?: 57 74 12 Va 42 li:lVi 41 V4 4-' 4- American Can Am Car & Fdy A H & L, pfd Am Inter Corp Amerlcn Loco Am Sm A Rig Amerlcn Sugar Am Sum Tob Am Tel A Tel Amor Woolen Am Z, L at S Anaconda Cop Atchison Atl. Glf & W I Buldwin Loco Haiti & Ohio Beth Stl "B" Bt Ik Sup Cop Calif Petrolem Cunad Pacific Centrl Leather Chand Motors I'hesp St Ohio Chi, M & St P Chicr & N W Chl, R I & P Oliino Copper. Corn Products Crucible Sleet Cuba Cne Sug Erie Genrl Electric Generl Motors t North, pfd Intiprn Copper It Me Ma. pfd Inttrn Nickel Interntl Paper K C Southern Kenne Copper 29 V4 122 47 43 80 3974 t'3 29 122 48 4 80 :i9 14 79 1(0 06 9 37 80 S3 S8 32 Vi r.6 it 113 41 77 MV4 24 3 24 20 Vj 3V 88 '-3 1 IS.". 13 73 32 51 14 S8 '-2 18 100 144 17 12 9 17 9 en 10 SOW 77 3 ?0 35 24 12 07 06 62 41 22 7O0 7.8U0 M0 1,900 800 26,j0 b.WX) 1,100 3.3U0 .'.HO 6(H) S.aoo 8.700 -11.000 1,200 1.900 2.700 l.SOO DUO 8.100 19.4O0 BOO 1,100 8"0 1J."0 1.8(10 .WO 1.400 2.700 2.000 9074 66 J f7 'l 9 :2 K6 82 50 12 41 ll2 40 70 58 23 63 24 74 2(1 73 8 23 '.4 12 15 13 7:i',i 32 51 14 rov4 22 18 1O0 144 17 12 s29 17 0 69 13 90 i 7.0 3 70 34 4 11 60 65 62 41 22 79 59 24 08 , 2o 20 74 91 24 12 137 13 74 83 52 1,-, 5 22 18 100 147 V4 17 13 30 18 10 704 97 vt 78 3 71 3 ", '4 25 12 B 67 . 6.". 41 1.-1)0 1,700 100 31.70 700 4.800 1.7O0 2,600 5O0 2.900 6.3O0 8l0 6.5O0 5110 8 SO0 8.900 300 1..TO0 8,!0 1.5O0 5.50 4O0 1.700 9,900 1.7(H) 1.9110 62.1(10 5.TH) 1 .fiOO 3,900 1 ,"f0 2.400 1,900 5..MH) 2.500 23.900 13.0O0 21 K) 3.r.0 300 2O0 8,900 Louie & Nas.h Mex Petrolem Miami Copper Mid States Oil Mid vale Steel Missouri Pacif Nevada Coppr N ST Central N Y. N H & H Norflk & West Northn Pacific ,Ok Prd & Rfg Pan-Am Petri Pennsylvania. . Pitta A W Va Ray Con Cop Reading Rep Irn & Stl Ryl Dtch, N Y Shell Tr & Td Sin Oil & Rtg SSouthn Pacific -H-Xl i.Ti ' " 21 ;o 20 107 107 107 70 68 60 42 4i 41 21 20 20 48 47 . 47 a S ft (i 8 4 South Railway S O. N J. pfd Studebkr Corp Texas Co Texaa Pacif Tobu Products Transcontl Oil I'nion Pacific. U S Fd Pdts U S Ind Alco V S Rtl Stores J 8 Rubber.. 117 116 22 S 49 4 70 80 10:1 '4-S 8S 47 7 i: 08 ; 80 109 - 88 47 7 7074 50 73 81 109 40 88 47 7 U S Steel TJ S Steel, pta Utah Copper. Western union Westg Electric Willys - over Ex. -'Dividend. BONDS. U S 2s reg. do coupon U S 48 reg. . do coupon Pan 3h reg. ..99 IN T C deb 6s.. 88 ..99 IN P 4s 75 104'IN P 3s "M .'.101iiac T & T 5s...83 ..78 IPa con 4s 86 . . 78 S P cv 5s O'i do coupon m . m ., H m Si Crt rv Kk K3 Atch gen 4s ... 77 iU P 4 s ........ 80 D & R G con 4s 63U S Steel 5s... 9j Bid. ' Mining Storks at Boston. BOSTON. March 21. Closing quotations: Alloucz 19 JOId Dom 17 Calu & Ariz... 45 Onceola 25 Calu & Hecla. .221 IQuincy 38 Centennial 8tSuperlor 3 Copper Range.. 82:Sup & Boston.. 1 East Butte ... 8 (Shannon ....... 1 Franklin l!Utah Con 4 Isle Rovalle. ... 18 I Winona 50 Lake Copper... 1 "4 'Wolverine 11 Mohawk 45 IGranby Con ... 19 North Butte ...10 K'reene Can ... 21 Liberty Bond Quotation. vpw tab w March 21. Liberty bond quotations closed as follows: U S Lib S'.tS.. .0O.44IU S LID 3d 4 14S.S;.13 do 1st 4s fw. no in do 2d 4s fc.T8lVlctory 3s 97.28 do 1st 4s... 87.401 do 4Vs ...97.30 do 2d 4 s. ..86 901 Money, Sliver, F.te. vYETr r i tj i.' y i n-h 1 P r-i me Mercan tile paper, 7 7 per cent. t i ... - i.n. D,.:,r' An davs. OO dava and six months. 07 per cent. . .. ..-! l.t1. flU .iu nanl' (.all money, niei , ihah, n h- . a . n,linB. -Ufa ftU net, MTll' clos'ing bid, 6 'per cent; offered at 6j Bar silver, domestic, 99c; foreign. 37 (4c. Mexican dollars, 4jiic LONDON. March 20. Bar allver. 33d per ounce. Money, ait Per cent. I, I .. ahn K I T 1 T rT three months' bills. 6 per cent. Foreign Exchange." Foreign eXCnang rairs m tiipwi ui uuai- nees yesterday, furnished by Northwestern v.i: i K-ni. . Pnrll.nH The umnunl .,J1IIUI!1I vault v. - v quoted Is the equivalent of the foreign utiii in unii Country Unit. Rate. Alrstrla. kronen S .00:16 Belgium, franca ''740 il.u .ni:i8 ..huinvoLI, Irrnnen - .11140 tenrrark. kroner 17? b'n. unrt nnunn KinriiiiH' ........... . a.ir..np Finland, fin mark L' ., fnfn, .0278 .0707 Genruiny, marks .0170 .0205 .34:t .Oii:).". .04 03 .0078 .1628 .01I85 .014.". .o:iih) .1410 ,23.-r. .1757 .4925 .6.-.00 .4S25 ilreece, araenmas Moiiana. gtiuoers ............... Hungary, kronen ................ Italy, lire Tiim.UlavIa Irrnnfl ... Norway, kroner Portugal, escudos RAiimunia lei Serbia, dinara. .., . Spain, pesetas Sweden, kroner Switzerland, irancs , China Hongkong, local currency Japan, yen . NEW YORK. March - 21. Exchange, steady. Sterling, demand $3.91, cablea $3.92; franca, demand 6.97, cables. 6.99; Belgian francs, demand 7.29, cables 7.31; guilders, demand 34.42, cable 84.52; lire, demand 8.94, cables 3.96; marks, demand 1.62, cables 1.63; Greece, demand, 7.48; Argentine, demand. 34.15; Brazilian, de mand. 15.12; Montreal, 12 per cent dis count. ... Foreign Bond. Foreign bond quotations furnished by the Overbeck A Cooke companv of Port land: Bid. Russian 8s. 1921 15 Russian 5s. 1926 9 Russian 6 Vis. 1919 16 French 5s. 1931 43 Ask. .16 .11 .17 ' .55 .47 .27 .32 3.94 8.82 3.80 3.10 2.85 .68 .72 .13 .13 .la .15 .Li French 4s, 1917 43 French 5s. 11)20.. ,26 Italian 5s, 1918 British 5s, 1922 Brltlxb. 5s, 1U2T British 5s. 1U29 British vky, 4s British ref 4s Belgium reet, 5s.... Belaium Drem. 5s... .31 3.82 3.70 3.88 2.98 2.75 .66 .70 .12 rlit4 .14 .14 German W. L. 5a.... Berlin 4 Hamburg 4s Hamburg 4 Vis ...... Leipsig 4s ......... iLelpslg 6s 15 .18 i Munich 4s 14 .15 Munich Ss .17 19 Frankfort 4s 15 .16 Jap 4 64 . 64 Jap 1st 4s 82 .82 Jap 2d 4s 82 .82 Paris sixes 96 .96 U. K. 6s, 1021 99 .99V4 V K 5s. 11122 94 .94 U K 5s, 192 88 .89 U K 5s, 1937 8i .86 Bethlehem Steel Earnings Decrease. NEW YORK, March 21. Gross salea and earnings of the Bethlehem Steel corpora tion for 1920 were $274,431,233, a decrease of $7,210,671, according to the report is sued today. Total net earnings of $36,351,554 ahowed a decrease of $1,089,665 and the net In come of $14.4.'.8.836, or 5.27 per cent, was less by $S9S,025. Swift Co. Stock. Closing prices for Swift & Co. stock at Chicago were reported by the Overbeck 4 Cooke company of Portland aa follows: owili ok uo ioi it Swift International ... -6 Libby, McNeil & Libby. . . "'. " . . '. '. " ! 10 National Leather 8 QUOTATIONS OX DAIRY PRODUCE Market Pricea Baling on Butter. Cheese and Eras. S,AN FRANCISCO. March 21. Butter -". jirime lirsts, sac ooE'.Kfs:Fre,"h 2 c; extra firsts. dlrslz'ed'c.701 eitr PMet'' -S14C: UD Cheese Fiats, fancy, 24c; firsts, 22c; iuu"s .o.m.er.caa, lancy, Z7c; Iirata, 26c CHICAGO. March 91 n., ...... tti.i... Creamery extras, 45c; standards, 42 c. Eggs Lower. Receipts, 28.628 cases; firsts, 22c; ordinary firsts, 1920c; at iucum., cases inciuaed, Zlgp21C. NEW YORK, March 21. Butter Firm; creamery nigher than .extraa, 4546c; creamery extras, 4545c; creamery iiisia, JZ'C. 2728c; firsts. 25a27c. h.M anslal. Of IjL iG, '.Q . . - .. U I 111. ......... , .., 7J V-Ok) BL, ID, WUVN UUt iiai.s, imsii specials, wkW-viiC. SEATTLE, March 21. Egge Select lo cal ranch white shells, S2c; same, mixed colors, zy iff 3ilc : pullets, 26027c. Butter City creamery, in cubea, 44c: bricks or prints, 45c; country creamery extras, cost to jobbers in cubes, 41c; stor age, oac. SAX FBAXCISCO PRODUCE MARKET Price Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO. March 21. Vegetables Asparagus, tStt'Klc; eggplant, nominal: squash, cream, 6575c crate: potatoes. street prices, rivers, white No. 1, $1.75 2.25; sweets, Nancy Hall, $5&8.50; onions. Australian brown, 50c; green, $1.256il.50: celery, $1.5(l(&3 crate; garlic, 710c; bell peppers, 7le25c; turnips, 5uc sack; beets, $1.256; 1.50; parsnipa. $202.25 sack; car rots, $1:1.25 sack; peaa, 612c; rhu barb, Alameda, $2S2.30; lettuce. $1.752: artichokes, 30o90c dozen; spinach, 84c. Poultry Hens, 37$?40c; strictly young roosters, 4245c; old, 222i5c; fryers, 5,i etillc: broilers, 4SQi88c; ducks, 30(bi35c; squabs, 70(75c; pigeons, $33.50 dozen; Belgian hares., live, 2o2c; jacKraDDits. $33.50 dozen; turkeya, dressed, 50,1 otic; geese, 32 35c. Fmit Oranges, navel, $24.75; lemona. $23.50; grapefruit. $23.50; tangerines, $23.50; applea, $1.403; bananas, 910c; dales, 17(6.180; avocadoes, $38. Receipts Flour, 2038 quarters; wneai, 600 centals; barley, 6991 centals; oats. i' ..niaiM! henna. 595 sacks: corn. 436 centals; potatoes, 5668 sacks; onions, 218 sacks: hav, 206 tons; niaee, in ouiiui. lemons, 400 boxej; livestock, 1200 bead. Naval Stores. SAVANNAH, Ga March 21. Turpen nm H,,il .'.(if no sales: receipts. 52: ship ments, 5(98: stock. 6448. RoMln dull; no sales, receipts, aim. snip menls, 66; stock. 69.980. B, D. E, F. G, II, I, 4.ju: jx, so., .j; e-v, $4.74; WW, $3. APPLE GROWERS DECLINE Busy Season at Hood River Keeps Frnitmen From Convention. HOOD RIVER, Or., March 21. (Special.) Uocal fruit men, on whom Samuel Adams, editor of the American-Fruit Grower and acting: presi dent of the American I'omological society, called the other day, urging their attendance at a conference of co-operative fruit marketing con cerns in Chicago on April 5, express regret that the demands of a busy season will prevent their attendance. A. W. Stone, general manager of the Apple Growers' association, says the plans ot the American Farm Bu reau association, under" auspices of which the Chicago convention will be held, are exceedingly worthy. I.lquor at Dance Brings Fine. DALLAS, Or., March 21. (Special.) As part of the campaign, against liquor traffickers in Polk county, which has resulted In the arrest and fining of two moonshiners the past week. Sheriff John W. Orr and depu ties visited every dance hall operating in the county Saturday night. At only one place, however, was an ar rest made. At McCoy, Sheriff Orr took into custody Paul Buchanan of Independence, whom he charged with having liquor in his possession at a public dance. Buchanan pleaded guilty Monday morning and was fined S25 and costs. Grammar Class Adopts Orphan. TOLEDO, Or., March 21. (Special. The seventh grade class of the Toledo grammar school has taken an orphan of the Chinese and Armenian relief fund. To get -money they gave a basket social at the school house last Friday. The proceeds were about $16. There was a short programme. The guests were entertained by two gypsies, Ilene AUree and Norma Fish. Norma formerly was from the' Eliot schooL Body Returned From Overseas. DALLAS. Or., March 21. (Special.) Word has been received from the war department that the body of Private Orley Chase, formerly a member of company L of this city, who was killed in action In France in 1918. had arrived at New York and would be sent here for burial. Chase was a son of City Marshal Oliver P. Chase, who also enlisted in company L at the beginning of the war, but was rejected at Vancouver. The Trend of the Stock Market After Presidential Inaugurals As the past in this con nection has invariably served as an index for the future, it is interesting to note what the present year promises for the stock tnarket, as is depicted by . a graphic chart contained in a circular we have com piled on the outlook, which will be sent to any one free of charge and without obligation. As for iPC-61 E. M. Fuller & Co. Members f ' Consolidated 8 look ivzehanrs of It. T. 50 Broad St., Now York New York Chicafo CWU ' Paubsrsh Boataa Wirtct Privtt Wiru) Controlled by the - Standard Oil of New Jersey This fact alone is sufficient assurance of the Humble's ample responsibility to promptly meet its obligations. But in addition, it gives as security all its immense assets that total over one hundred million dollars. LHumble Oil & GddNoPrice 99 Yield 7.55 Order by Wire, Phone or Call lumbekmens Trust company BROADWAY AND OAK FIRST GAINS NOT HELD EFFECT OF EXPORT BCTIXG IS "OT LASTING. Wheat Closes Xervons ii Chicago Market .When Buying Power Becomes Exhausted. CHICAGO, March 21. Export buyinr on a liberal scale lifted wheat prices some what, but demand slackened and gains were practically wiped out. The market closed nervous. c net lower to a like ad vance, with March 1.S2 to J1.6214 and May 11.41" to 11.42. Corn lost c to lfliio ana oats 4 6c to Mo. In provisions tho outcome varied from 15c decline to a rise of 5c. Estimatea of the amount of wheat taken for Europe varied from 1. .100.000 bushels to double .that total. How much of It was domestic and how much foreign could not be readily ascertained. Knowledge that active measures were being taken to fa cilitate passage of a new emergency tariff counted likewise in favor of the bulla and so did scantiness of rural offerings. Buying power, nevertheless, became al most exhausted afted midday and this fact led to some speculative selling pres sure, favorable weather and crop con ditions were additional bearish factora. Damage resulting from the elevator ex plosion here gave an upward Bwing to corn and oats for a while, but the effect failed to last. rrovlslons were governed chiefly bv the t, ?, u hog which although at tlrst higher underwent sharp breaks. . tZihe hic"o market letter received yes ofrdpHortlaydh.a?d?rbeClt C basedhoStTl!OW"1 'renK,h from the start Bfa7r. frn Way' dry ""'her com- reSnrt. f 11 and "0"twest and reports of light country offerings After midday the market gave way to a renewal of outside liquidation and declined S cents in a very short space of time to within a fraction of the lowest price on the crop. It was estimated shortly before the close that total export sales of Manitobas and ?JmneLn'J!c. falu,"day "Bsregated over S.0110,000 bushels. Messages from Kansas City and Omaha said that while there Is no serious deficiency of moisture as yet In western Kansas and Nebraska, that terri tory must have rain verv soon. Th., viihi supply decreased 1,8:10,000 bushels, bring ing me total down to 24,579.000 bushels and with the country maintaining a hold ing attitude, further reductions can be ex pected. A preponderance of selling, such as witnessed today, may further depress nits marnei, out witn exoorl business still running large, cash premiums being firmly held and the crop scare season at hand, we believe the logical brend should be upward. "Corn Weakness followed tho earlv strength and the market closed around bottom figures. Receipts of 40 cars met a fair demand and sold mostly H to lc higher, although the close was unchanged. The spot basis was slightly better. The increase of 2,870,000 bushels in tha visible supply was about In line with expecta tions. Statistically, there seems Uttie foundation for a constructive opinion, but liquidation in the futurea market has been quite thorough and the technical position at the moment ia such as to permit of a substantial rally coincident with any strength in wheat. "Oals Displayed aecioea siremrtn aur ing the forenoon, but met considerable hedging sales on the bulge and declined towards the close with other grains. The visible supply Increased 502.000 buehels to a total of 34.907,000, Including all stocks held Saturday in the elevator destroyed by fire later." Leading futures ranged aa follows: WHEAT. Open. High. tow. Close. Jl.52'4 1.41 .65 t .68 .40S, .42 March .$2.52 . 1.5'H J1.52 May . 1.42 CORN. .7T .(tttt .70 .68 hi OATS. .42 .4014 .43 .42 May July .70 May .41ti .43 is July PORK, May 20.80 LARD. May ....11.07 11.07 11. R0 11. P0 J 1 1 Iv- 1230 12.37 12.1 HIS Mavericks " u NTIL Oregon- ... made merchan dise is properly branded and has built a reputation, it is a "maverick." in its own home market quality, name and pedi gree unknown. Educating the public to know these vital facts about your mer chandise is the . work Advertising has to do and it ' works hand in hand with your , ' salesman. Getting started -with good Adver tising is where this nationally recog nized agency fits in. Hall & Emory AGENCY, Inc. Merchandising Counsel and ADVERTISING PORTLAND, OREGON Phone Marshall 220 Afttr April First Graphic A rts Bldg. Ninth and Couch Streets Refining Co. SPARE RIBS. May ....11,62 11.62 11.47 July Cash prices were: Wheat No. 2 red, $1.6601.88 11. 4T 11.85 ; No. 2 nam, l. 0449 l.Dofc. Corn No. 2 mixed, 65c; No. 2 yellow, 65H66c. Oats No. 2 whits, 41V40421; No. S white, 40 "4 042c. Rye No. 2. I1.46W01.47. Barley 63 72c. Timothy seed $4 9 5.60. Clover seed tl318. Pork Nominal. Lard $11.50. Spare ribs $11012. Primary Receipts. CHICAGO, March 21. Primary receipt Wheat. 1.137.000 bushels against 1.100, 0O0 bushels. Corn, l,3l0.000 bushels against 1,010.000 bushels.- Oats, 781,000 bushels against B75.0OO bushels. Shipments Wheat, 636.000 bushels against 5S4.000 bushels. Corn. 730.000 bushels against 4O2.00O bushels. Oats, 148.000 bushels against 452.000 bushels. Clearances Wheat. 2,220.000 bushels. Corn. 381.000 bushels. Barley, 23.000 bushels. Rye, 17,000 bushels. Flour, 85.000 barrels. Car receipts St. Louis, wheat 64. corn 81. oats 41; Kansas City, wheat 278, corn 105, oats 16. Minneapolis Grain Market. MINNEAPOLIS. March 21. Wheat March. $1.35; May, $1.36. Barley, 4566c. Plax, No. 1. $1.6901.72. Winnipeg Grain Market. WINNIPEG, March 2L Wheat May, $1.76; July, $1.63. Doluth Linseed Market. DULUTH, March 21. Linseed oa track and arrive, $1.71. Grain at San Francisco. SAN FRANCISCO. March 21. Wheat Milling, 2.55fe2.65; Teed, S2.4O02.5O; corn, white Egyptian, $2.602.70: red mllo, ll.f0e2; barley spot feed, $1.25 1.30; shipping, $1.451.55; red feed, oats, $1.50(81.65. Hay Wheat fancy, $20 0 21; tame oat, $17(919; wild oat. $1215; barley, $12 15; alfalfa, $1720; stock, $10014. Seattle Grain Market. SEATTLE. March 21. Wheat Hard white and soft white, $1.40; white club, $1.3fl; hard red winter, soft red winter, northern spring and eastern red Walla, $1.35; Big Bend bluestem, $1.49. City delivery Feed Scratch feed, $57 ton; baby scratch feed, $55; feed wheat, $60; all grain chop, $47; oats, $J; rolled oats, $48; sprouting oats, $51; rolled bai ley, $44; clipped barley, $48; milled feed. Investment Suggestions . State of Oregon 1928 Prov. of Saskatchewan 5s. 1925 'General Petroleum 7s. . . . 1931 San Joaquin Lt. & Pr. 7s. . 1951 Ohio Power Co. 1st and Ref. 7s 1951 Portland Gas & Coke 7s. . 1940 City of Vancouver, B. C, 4i2s.. ...1923 Portland Flouring Mills 8s 1936 Pacific Pr. & Lt. Sec. 8s. . 1930 Write or call for a complete list of our investment offerings. BlVth, Witter, 6c Co. Yeon Bldg.. PORTLAND SEATTLE SAN FRANCISCO -LOS ANGELES -NEW YD flit VljVieNAt errv tunnf The California Oregon Power Company First and Refunding Mortgage 20-Year "Series A" Gold Bonds This company owns and operates seven hydro-electric plants serving 15,000 square miles in Southern Oregon and Northern California. Territory equal to combined areas of Massachusetts, Rhode Island and Connecticut. Net earnings for 1920 were 2.7 times interest on total present funded debt including this issue. Price 100 and interest to yield 7Vz Circular on Request for 0R-61 The National City Company Offices in more than 50 cities Portland Yeon Bldg. Telephone Main 6072 Unlimited Sales Limited Credit Losses That is the ideal business combination you should work toward in 1921. You can concentrate your efforts on the former if you have taken protective measures to in sure the latter. One prominent business man says: "While I have made it a practice to limit my credit risks, I can trace my principal losses to my failure todo so." The American's Unlimited Policy of Credit Insurance limits your credit losses a year in advance. It protects the business you have. It gives you peace of mind a feeling of security and stability enables you to face the future serenely and optimistically. In any emergency of credit accounts there is nothing so strong or so safe as the Amer ican's Policy. Full particulars free to manufacturers and wholesalers. Write or phone today. Payments t$ PtKcy holders roer $10,000,000.00 CAMERON CREDIT-INDEMNITV.CO: Of NEW YORK LM. TREAT, piesidenx ISSUE STANDARD UNLIMITED POUCIE H. T. MacRILL, General Agent, BOARD OF TRADE BLDG, Phone Main 1179 Portland, Or. $34: bran, $34; whola corn, $44; cracked corn, $43. Hay Alfalfa, $27 ton; double com pressed alfalfa, $33; double compressed timothy. $38; eastern Washington mixed, $34; straw, $30; Puget Sound. $31. Mrs. Joseph Emery Is Killed. DALLAS, Or., March 21. (Special.) Word was- received here by Mrs. Mark Embree that her sister. Mrs. Joseph Emery, was Instantly killed a few dags ago-In an automobile ac cident at Hollister. Cal., and Mr. Emery seriously Injured. The Emerys were former residents of Corvallis, where for a number of years Pro fessor Emery was president of Ore gon Agricultural college. Many Seek Marshal's Joh. NEWPORT. Or,, March 21. (Spe cial.) A lively contest is on here for the position of city marshal, several citizens aspirins to the honor. The salary is only $80 a month and or dinary repairing of street crossings and sidewalks is part of the marshal's duties. It is the honor of wearing a star that attracts. The question will be decided tonight at a city council meeting. Read The Oretronlan classified ads. 5.50 7.50' 7.10' 7.20 7.40' 7.50fo 8.00' 8.00 8.00 Wo own and offer tor Im mediate delivery the following High-Class Bonds Portland, Or., Improvement Ss Maturity Est. Aug-. 1, 1927, at 101, yield about 5.80. Blftrirft. Cat., Bfnnlclpal As Maturity Apr. 1, 1923 to 1923, at 100. yield 6. Crook County, Or Roiid 6s Maturity Dec. 1, 1925, at 100, yield 6.- Jefferson County, Or., Road As Maturity Jan. 1, 1941. at 100. yield 6'c. Marin Municipal Wn-trr Dint, tin Maturity Jan. 1, 1923, to 1928. at 95.S6 to 98.29, yield 6. Orana-e Cove Joint School Dis trict 6a Maturity Dec. S. 1922 to 1924, at 100, yield 6. Yakima County, Wash., Road a Maturity June 1, 1922, at 100, yield 6. Antorln, Or Improvement Maturity Eat. 1923 to 1940, at 99, yield about 6.07 to 6.44. Aninrin, Or Ka Maturity Nov. 1, 1930. at i9.90, yield 6U. Port of Bay City, Or Aa Maturity May 1, 1930 and 1934. at 95.64 and 96.61, yield Dlnuha, Cal Improvement 7 Maturity July 2, 1921 at 100.32. yield 6ti. Turlock, Cal Improvement a . Maturity July 2, 1921 to 1925. at 98.05 to 99.72, yield 6. Marnhland D. D Columbia Co Maturity June 1, 1925 to 1927, at 96.23 to 97.27, yield 6 3i. Cnoner, Wyo Improvement An Maturity Est. 1924 to 1929, at 97.50. yield about 6.38 to 6.78. Toppenlah, tVnaa Improvement 7a Maturitv Est. 1921 to 1930, at 100. yield Ifo. Oblo Power Co. 8. F. Gold 7a Maturity Jan. 1. 1951, at 95.25, yield 7.40. Province ot Snukatchewan 4s Maturity July 1, 1923, at 92.43, yield 7ft. San Joaquin Murht Si Power 7a Maturity March 1, 1924 to 1926. at 97.50, yield 7.50 to Greater Winnipeg Water Dis trict 5a Maturity July 1. 1922, at 96.27. yield 8. Kansas City Power A Idarht Co. Maturity Dec 1, 1940, at 100. yield- 8. Vancouver, B. C AVam Maturity Feb. 1, 1923, at 93.65, yield 8. Republic ot Chile Ser. 8. P. Gold Maturity Feb. 1. 1922, to 1941, at 99, yield about 8.13 to 20. Call or Phone. mouNO n.eoa LmramMsns uiLaina Warm ah araas m-mm S7a Issued for Your Information Investoi's Pocket Maxoal 272 Pat Booklet Issued Month: r High and low records of 5,000 ttoclcs an 1 bonds and statistical descriptions of 4 ) corporations, a Will be furnished FRfc 2 by your own inYestment house on reques , OR if not. we will send names of hous s which will send you FREE monthly copir FINANCIAL PRESS. 116 Broad SL, N. V. HOTEL HOYT Strictly Fireproof. Near both depot and convenient car service to all parts of city. PinsTo Booms Without linth, fl and Br binKl. Kooma With Bath, $2 and 01 1XBE11T o. KOBE, Manacer. gonlan, Main 7070, Automatlo 660-9 5. Phone your want ad to The Orj- CAMP CO. it '