21,
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
'