Morning Oregonian. (Portland, Or.) 1861-1937, March 23, 1921, Image 21

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Morning Oregonian., March 23, 1921, Page 21, Image 21

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Newspaper Page Text21, TIIE MORNING OREGONIAJf, WEDNESDAY, MARCH 23, 1921 PRICES m CUT BY - MILLERS Another Decline of 40 Cents - in Local Market. PATENTS LISTED AT $9 Lack of Tniformlty in First Quota tions to City Trade Wheat Weak anil Dull. Another cut of 40 cents a barrel In flour price u made yesterday, which brought the market down to for family pat ent, a total decline of SO cents since last week. It was 'the manner In which the changes were made, rather than the amount of the cut, thAt IsaVrested .men In the (rain and milling; trades, showing:, as It did, a spirit of competition In price-making; that bat not always been apparent In the milling business of the. northwest. Monday's de cline from $9.80 to J9.40 was put Into ef fect by two of the larger millers. Yes terday, a third mill. Kerr, Gifford A Co., put out a 9 price with the statement that th first cut was not deep enough. "The continued decline in wheat prices certainly meant a reduction of more than 40 cents a barrel in flour values," said J. W. Oanong, a member of the firm. Consumers are entitled to benefit from the lower wheat market and we deter mined to give them cheaper flour. There fore we have made a total reduction of SO cents from the eld price to a S9 quo tation for family patents." The cut was naturally followed during the day by the other mills and the t9 list price became general. There was nothing to Indicate what the next step would be, but mill men declared there was no flour war on and no reason why there should be one. WHEAT BUYERS ABE HOLDING OFF Trading Checked by Uncertain Condition of Market. Because of the uncertain conditions In the market, wheat buying was reported to be of very small proportions yesterday. It was said a number of the larger farmers were) showing signs of getting ready to aeil, tut many buyers In the local trade declared they were not In the market. At the exchange hard white bids were 1 cent higher and soft white 1 cent lower. Other grades were - unchanged. Coarse grains were also weak and very dull. At Chicago, May wheat eold during the day at $1.39. The previous low on May this year was 11.40 on February 4. According to eastern reports Argentine wheat is being offered to England and the continent at 6 cents over Gulf wheat. Argentine wheat receipts are Increasing, exporters are out of the market and the government tax decree la considered bear ish. N The Canadian visible supply of wheat decreased 1411.000 bushels. Gate increased 479,000 bushels and barley Increased S19S, 000 bushels. Terminal receipts, In ears, were re ported by the Merchants' exchange as fol towe: Wheat Bar. Fir. Oats Hav Portland, Tuesday 4H 2 S .. 17 Year ago 5 . . 7 . . 7 Reason to date,.120L'0 211 6.12 428 2005 Year ago 71L!fl ItiU 334:.' 413 10.-.S Tucom-a, Monday -8 8 Tear ago 2:1 . . 30 . . 2 Seaeon to dte..3S18 47 776 109 777 Tear ago 6158 72 24511 182 7:19 Seattle, Monday "Year ago 4 .. 3 3 Season to date.. 4002 191 311 334 ll.-,r, Year ago r,2.t7 2:tl 652 028 1122 COMMODITY PRICES AGAIN LOWER Decline From Tear Ago la More Than 28 Fer Cent. As weekly records of prices had clearly foreshadowed. Dun's index number of wholesale commodity quotations disclosed a further decline on March 1, the latest figure being $181,921. While this repre sents a recession of only 2.1 per cent from the total of a month previous, and is the smallest change noted for some time past, the trend of most markets was again strongly downward last month. Without some recovery in breadstuffs and meats, the decline in the March 1 index number would have been more pronounced, for all of the remaining five groups into which the compilation is separated yielded more or less. The 'deflation of prices, which has been in progress now for nearly a year, is ap parently slackening in some quarters, but no indication yet appears that the read justment, as a whole, has been completed. From the high basis of last May, Dun's Index number has fallen practically 81 per cent, and Is now at the lowest point reached since February 1, 1917. Compar ing with a year ago, when only a tight downward tendency was recorded, there is a recession of a little more than 28 per cent. The index number, however, is still fully BO per cent above the pre-war basis, and is 63 per cent higher than the average on March 1 for the five years prior to 1914. In examining the price movements. it is Important to remember that Dun's index number is based on the estimated per capita consumption of each of many commodities, so that no single article has more than its approximate relative weight In the aggregate. MTI.LS BUYIXO WHEAT IN CAXADA Demand Not So Heavy As in Frst Month of Year. The monthly report of the board of gram commissioners for Canada states that the rail movement of wheat in ?eb ruary fell off considerably as compared with the previous month. Only 3,039 917 bushels were shipped from Fort William and Port Arthur elevators, compared with T, 154.950 in January to all points, while interior terminals show a similar fa, Tug off. A steady demand for high-g.-ade wheat for United States mills continues, though not nearly so heavy as fn January. Wheat shipments to United S'atea points for milling- from Canadian government Interior terminal elevators amounted to 409.309 bushels, compared with 1,011.945 In January, and 568,899 bushels went to United States interior points from Fort William and Port Arthur, compared with 265.490 In January. Distribution ' of shipments to Un'ted States points in February from govern ment Interior terminal elevators, In bushels: Puluth and Pacific Minneapolis seaboard Others Total Wheat. Sl5.85l .17.(175 16.783 6'i :io Oats.... 7.737 1S.SU2 6.534 32.1 W Rye.... 58 SO, EGGS ARE BOUGHT AT 18 CENTS Many Dealers Believe Prices Are New at Bottom. The lS-cent buying price, at which eggs received from the country were taken yesterday, will prevail again today. In most quarters it Is believed that pr.ces are now at the- bottom, though a few dealers thought the market might drop a cent or two more. The present quota tion la discouraging to the producer, but It Is pointed out that the market pilce of eggs just now, as Is the case with other farming products. Is governed by financial conditions first of all. The oube butter market a steady with 40 cents paid for extras. Print sales were fair and In some quarter! the price was being shaded. Poultry receipts continued limited and firm prices were realize. DVeaeed mats were steady. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Ctearlnga Balances. Portland 1.1,008.007 I1,0T.858 Seattle .'. 6,248.333 1,054.644 Tacoma 9l4,S06 273.2A2 Spokane 1,564.81111 603.116 PORTLAND MARKET QUOTATIONS Grata, Flour, Feed, Etc Merchant Exchange, noon session. . Bid Wheat , March. April. May. Hard white $ 1.40 t 1.40 $ 1.40 Soft white 1.37 1.37 1.37 White club 1.37 . 1.37 1.37 Hard winter .. 1.83 1.34 Northern spring ' 1 32 1.33 .... Red Walla 1.32 1.33 .... Oats No. 2 white feed 82 50 83.50 33.50 Mlllrun Millrun 25.50 25.00 25.00 Corn No. 8 B. T. shipment.. 80.00 80.00 FLOUR Family patents, $9; bakers' hard wheat, $7.85; bakers' bluestem pat ents, 37.85; valley patents, $0.50; whole wheat, $7.40; graham, $7.20. MILLFEED Prices, f. o. b. mill: Mill run, $29 per ton; rolled barley, $4143; rolled oats, $43; scratch feed, $56 per ton. CORN Whofe, $39; cracked, $42 per ton. HAT Buying prices f. o. b. Portland; alfalfa. $19 per ton; cheat. $22 23 per ton; clover, $16; valley timothy, $2526; eastern Oregon timothy, $27.' Dairy and Country Prodace. BUTTER Cubes, extras. 8940c; pints, parchment wrapped in box lota, 45c; car tons, 46c. Butterfat. buying price, A grade, 42c; B grade, 40c Portland delivery. EGGS Buying prices, case count, 18c delivered; jobbing prices to retailers, can dled ranch, 25'26c; selects, 27tf2Sc. CHEKSB Tillamook triplets. price to jobbers f. o. b. Tillamook, 33c; Young Americas, 34c lb. POULTRY Hens, 26033c; ducks, 45 50c; geese, 25c; turkeys, live, 35c; da dressed, 45 50c. PORK Fancy, 1616"4o per pound. VEAL, Fancy, 17lc per pound. Fruits and Vegetables. FRUITS Navel oranges. $3.85 5.50 box: lemons, f 3.504.75; grapefruit, $3.258.50 per box; bananas, 10llc per pound; ap ples, $1.35&'4 per box. VEGETABLES Cabbage, 2V43c per pound; lettuce, $4&-4.25 per crate; car rots, $1.25 per sack; garlic, 1520c pound; beets, $1.50 per sack: cauliflower; $1.50 per crate; celery, $4.50(5.50 per crate; green peppers, 30 45c per pound; rhubarb, 16 20e per pound; spinach, $131.50 per box; turnips, $2 per sack; sprouts, 2025c per pound; tomatoes, $4.75 per lug; cucumbers, $3y)4 per dozen; peas, 20c pound; aspara gus, 22i'-e per pound. POTATOES Oregon. $11.2S per 100 pounds; Yakima, $1.60(1.75; sweet pota toes. $3.75 per hamper. ONIONS Oregon, 11.60 per sack. Staple Groceries. Local jobbing quotations: SL'GAR (sack basis) Cane granulated, 9Vic per pound; beet, 9.15c per pound. NUTS Walnuts, 1535c; Brazil nuts, 34c; filberts, 1521c; almonds, 28$ 30c; peanuts, 10l,lc per lb; cocoanuts, $2 per dozen; pecans, 20c; hickory nuts, 16c pound. HONEY Comb, $7.75 per case. RICE Blue Rose, eviar' per pound; Ja pan style, 4 3ie per pound. BEANS Small white. 54c: large white, 54c; pink, 7 4c; lima, 814c; bayou, llc; red, 7''ic per pound. COFFEE Roasted, bulk. In drums, 14 36c per pound. SALT Granulated, bale, $8.504.25; half ground, ton, 50s, $17.75; 100s, $15.50; lump rock, $26. DRIED FRUITS Italian prunes, 7'4c per pound; dates, $3.75 & 7 per box; figs, $24.75 per box. Provisions. HAMS All sizes, 3037c; skinned, 268 86c; picnic, 17?19e; cottaite roll, 30c. BACON Fancy. 43'53c; choice, 80 35c; standard, -2628c. LARD Pure; tierces, 17c pound; , com pound tierces, 12c. DRY SALT Blacks, 22925c; plates, 18c. Wool, Hops, Etc. WOOL Nominal. TALLOW No. 1. 5c: No. 2. 4c pound. CASCARA BARK 1920 peel, 8c pound. HOPS 1920 crop, 16s.20c per pound. MOHAIR Nominal. GRAIN BAGS Carlots, 7c, coast. Oils. " W iaorlim rtTT D a war fa tisiwals Oiji 1 riCsEJ YJ Vtu vta w , in ui't"- --.. 6-gallon cans, $ 1 .01. Boiled, in barrels, ! Vtc ; D-Kaiion cans, i. 1 1. TURPENTINE In drums, 94c; 5-gaIlon cans. $1.09. COAL. OIL Tank whkotis and Iron bar rels, 17V5:c; canes, 30ftz)37c. GASOLINE Tank wagons and Iron bar rels, 30c; cases, 42c QUOTATION 3 ON DAIRY PRODUCE Uarket Price Bulinsr on Batter, Cheese and Egirs. SAX FRANCISCO, March 22. Butt-r Extras, 40c; prime firsts, iM)c. Eggs Fresh extras, SS'ic; extra fl-sts, 28c; dirties. 27c. extra pultets, 7c; undersized, 25 c. Cheee Flats, fancy, 25 Uc; firsts, SCc; Young Americas, fancy, 2tic; firsts, 2oViC CHICAGO. March 22. -Butter Higher. Creamery, extras, 4.e; standards, 42c. Eggs Higher. Receipts, 57,434 caseo. Firsts, 23&23 c. ordinary firsts, 20i&lc; at mark, cases Included, 2222 ifce. NEW YORK, March 22. Butter Firm. Crefcmerjr higher than extras, 4tt'47c; creamery extras, 46f& 4t1,4 c; creamery f lists, 42-43c. Eggs Firm. Fresh gathered extra firsts, 26 'A 27c ; fresh gathered first, 24 ft 2 Ac. Cheese Easy. State, whole milk flats fresh specials, 20 6 - 5 c ; others, un changed. SEATTLE, March 22. Egfrs Select Io:al ranch white sheKs, 30c; select .ocal ranch mixed colors, 28c; pullets, 2oc. Butter City creamery, in cubes, 44c. bricks or printa, 45c; country creamery extras, cost to jobbers in cubes, 44c; storage, 3Sc. SAN rR AN CISCO PRODUCE MARKET Trices Current on Vegetable, Fresh Fruits, Etc., at Bay City. SAN FRANC19CO. March 22. Vegetacles Asparagus. S&12V&c; eggplant, nominal; quash, cream. 65 75c crate; potatoes. street prices, rivers, white No. 1, 1.75(0 2.00; aweets, Nancy Hall, $5 & 6.50; oniony, Australian trown, 50c. green, 1.2(1 0; celery, $1.50&3 crate; garlic, 7&10c; oell peppers, T(& 20c; turnips, 5oc sack; beets, $1.-W4r 1.50; parsnips, $22.25 ?ack, car rots, 73c$l sack; peas, G124c; rhu barb, Alameda, $22.50; lettuce, $1.752; artichokes, 3ufef)U0c dozen; spinach, i(Qc; peas, 6tf14c. Poultry Hens, ZTq. 40c; strictly young roos te ra, 4 2 (jr 45c. old, 22 25c ; fryers, 55 tj-ttGc; broilers, 48&tSc: ducks, 30rg;?5c; squabs, 70 if 75c; pigeons, $3 50 dozen; Belgian haree, live, 25&2Sc; jackrabblts, $3 $i 3.50 dozen; turkeys, dressed, 50Hj!.Gc; geese, 22 & 35c. Fruit Oranges, navel, $24.75; lemons, $2(?3.50; grapefruit, $23.54; tangerines, $1.5K3.50; apples, $1.4tc3; banana, Uty 10c; dates, 17lSc; avocadoes, $3 it 8 Receipts Flour, 4462 quarters; wheat. 12.&00 centals: barley, 4$M cental; oats, 711 centals; beans, 2iil sack: corn, l-$7 centals; potatoes, 3247 sacks, onions. 2 sacks; hay, 49 tons; lemons, 400 boi.es; hides, 617 bundles. Coffee Futures Higher. NEW YORK, March 22. Reports of an Improvement in Rio exchange rates and a higher Santos market were followed by advances In coffee futures here today. First prices were 20 to 27 points higher and active months sold 30 to 32 points above last night's figures, with the market closing at a net advance of 8 to IS points. Closing bids: March, 5.52c; May, 5.77c: July, 6.15c; September, 6.50c; Octo ber, 6.63c; December, 6.00c; January. 7.02c. Spot coffee, steadier. Rio 7s, 814 4? Ho; Santoa -4s. 910c. , Naval Stores. 6AVAVXAH, March 22. Turpentine Firm, 47c: sales 114 barrels; receipts. 80 barrels; shipments, 13 barrels; stock 6516 barrels. Rosin Nominal. No sales; receipts. 147 barrels: shipments. 2 barrels; stock. 70,125 barrel. Quote: B, D, E, F. G, H, I, 14 25; K, M, $4.35; N $4.50; WG, $4.75; WW, $5.00. New York Sugar Market. NEW YORK. March 22. Raw sugar, 6.27o for centrifugal. Refined, 8.00c to 8.25c for fine granulated. Cotton Market. NEW YORK. March 22. Cotton Spot, quiet. Middling, ll.Ooc. DaJnth Linwed Market. PULUTr, March 22. Unseed on track and arrive, $1.7314. EARLY LOSSES REGAINED STOCKS CLOSE FIRM AFTER IR REGULAR SESSION. Motors, Oils, Steels and Equipments Lead In Final . Recovery. Rails Freely Offered. NEW YORK, March 22. Irreiular ana uncertain tendencies were predominant tn the stock market today, although many losses were canceled at the comparatively firm close. Announcement that the senate is likely to adopt a resolution providing for an in vestlgration of the railway situation Invited fresh offerings of those Issues and passing of the Vanadium dividend directed renewed attention to adverse conditions in the steel and allied tradea Prospects of a double holiday late In the week served as a check to bullish in itiative. Motors and similar Issues, together with oils, steels and equipments were foremost In the final rebound. Specific features of strength Included Studebak.r. Plerce-Ar-row, Atlantic Gulf, Pacific Oil, Mexican Petroleum, United States Steel, Baldwin Locomotive and Northern Pacific. Many extreme declines of one to two points were reduced to fractions at the finish. Sales were S0O.00O shares. Call money held at the fixed rate of SH per cent, while as low as S per cent was again privately quoted. Confusing movements ruled in the bond market, liberty Issues, for example, de clining while some foreign flotations were appreciably better. Secondary rails and minor industrials added to recent de clines. Total sales, par value, J9.7o0.000. CLOSI.NQ STOCK QUOTATIONS. Last Sales. High. low. tale. Am Beet Sug. &00 American Can. SO0 29 : 24 2H AmC&Fdy.. 400 122 V. 122 122 Am Int Corp. 2.400 45 4 J4J4 Am Loco..... 00 key, 9 86 Am Si lief.. l.KOO 39 38 8 Am Sugar.... 400 S4 Am Sum Tob: 2.500 SO T8 804 Am Tel Tel 2.R00 100 (W'A 10 Am Woolen.. 2.000 67 GO' 6i Ana Copper.. P"0 87 3 3BJ Atchison 90 80 80 80 Atl. G ft W I. 69.300 86 Klls 3 Bald Loco.... 11.700 89 S 8S B&O 500 32 32 32 Bet Steel "B" 3.200 57 66 J6 B S Cop.... 200 12 12 12 Cal Petroleum 2.400 42 40 41 Cana Pacific. 600 113 112 113 Cent Leather. 2,00 41 4(1 41 Chand Motors 11.500 7S 75 i7 C & 0 300 US BS S8 C, M4St P.. BOO 24 24 24 C & N W 2,000 68 60 63 C. 81 P... 200 25 2.r 25 Chino Copper. 100 20 2014 20. Corn Products 4.200 74 73 74 Crucible Steel. 15.300 89 . 80 88 Cuba C Sug.. 2.000 2.1 22 23 Erie 800 12 11 12 Gen Electric. 1.100 137 136 1ST Gen Motors... 14.000 1 3 13 13 Ot North pfd 3.200 74 73 74 III Central 100 SB 80 86 Ins Copper... 400 32 82 82 Int M M pfd. 200 !1 51 01 Int Nickel.... 1,400 IS 15 13 Int Paper 100 57 57 .17 K C Southern 3.400 2.1 21 23 Kennecott Cop 1.900 IS 17 18 Mexican Pet.. 32,100 146 142 14(1 Miami Copper 800 17 17 17 Jlld States Oil 2,500 1.1 J2 13 Midvale Steel. 1.100 SO 29 30 Mo Pacific... 1,200 17 17 17 Nevada Cop.. 400 9 9 9 N T Central.. 2,400 70 6S", 70 NY, NH & H. 600 15 15 15 Nor & West.. 200 90 90 96 Nor Pacific... S.900 78 76 78 Okla P Bef 1.50O 3 S S Pan-Am Pet.. 8.600 70 00 70 Penn 8.300 35 34 .1;. Pitts &WVa. 1,000 25 24 25 Ray Con Cop. 300 12 12 12 Reading 3.9O0 67 60 67 Rep I S l.ROO 67 65 67 Royal D. N Y 2.400 64 62 64 Sbat Ariz Cop -200 5 5 5 Sin O ft Ref . . 600 41 40 41 Sou Pacific... S.900 74 73 74 Sou Railway. . 11,300 20 20 20 S O of N J pfd 1.R00 107 107 107 Stude Corp 39,600 7.1 6S - 72 Texas Co 2.100 41 41 41 Tex A Pac 900 20 20, 20 Tobacco Prod. 13.900 47 45 46 Transcon Oil.. 2.900 8 8 8 Union Pacific. 1.500 11 116 116 U S Food Prod 1.300 22 21 22 U S Ind Ale. 2,400 69 68 69 U S R Stores. 3.100 49 48 4ft UK Rubber... 19,900 72 71 71 U S Steel.... 17,800' 81 80 81 do pfd 200 1 09 109 109 Utah Copper. . 1,900 49 48 49 Western Union 400 89 88 89 West Elec SOO 47 47 47 Willys-Over .. 2.900 8 7 8 BONDS. V S 2s reg.... 99!N T Cen deb s 8"s U S 2s cou.... Nor Pac 4s 75 U S 4s reg M04Nor Pac 3s M U S cv 4s cou.104Pac T & T 5s... 83 Panama 3s reg 7rt IPenn con 4s..,.-6Vi Panama 8s cou 7S Sou Pac cv 5s..92 A T & T cv Us 97ISou Ry 6s 84 Atch gen 4s.. 77 Union Pac 4s... 80 D & R G con 4s 03IU S Steel 5s 05 Bid. Boston Mining Stacks. BOSTON, March 22. Closing quotations: Allouez 19 lOld Dominion. .. ti Aril Com 7Osceola 25 Cal and Aria .. 43 IQuincy So Cal and Hecla.215 (Superior 8 Centennial 8Sup & Boston... 1 Copper Range. J2 I.Shannon 1 East Butte.... S Utah Con 4 Franklin 1 Winona 50 Isle Royalle... IS iWolverine 11 Lake Copper .. lGranby Con 19 Mowhawk .... 45 (Greene Cananea.20 North Butte... 10 I Money.' Sliver. Etc. NEW YORK, March 22. Prime mercan tile paper. 7&7 per cent. Time loans, steady; 60 days, 90 days and 6 months. B7 per cent. Call money, easier. High, 6; low, 6; ruling rate, 6; closing bid, ; offered at 7; last loan, 6. , Bar Bllver. 99; foreign, 64. Mexican dollars, 44. LONDON, March 22. Bar silver. 84 per ounce. Money, 6 per cent. Discount rates, short bills, 7 per cent; three-months' bills.'e per cent. Liberty Bond Quotations. NEW YORK. March 22. Liberty bond quotations closed as follows: Liberty 3s. . .90.50iLiberty 3d 4s. .90.08 do 1st 4s.. ....87.201 do 4th 4s. ...87.04 do "d 4! 80.S2Vlctory 3s...97.80 do 1st 4s.... 87.20 do 4s 97.30 do 2d 4s...86.S4 Bid. Foreign Exchange. . . a ri m mtes at close of busi ness yesterday, furnished by Northwestern National bank oi j-onianu. quoted is the equivalent of the foreign unit In United States funds: - Country, foreign unit Austria, kronen - JJ.JP Rela-inm. frsncs Ol.iu Rulearia. leva ol40 Czecho-Slovakia, kronen Denmark, kroner ." Ensland, pound sterling Finland, flnmark " Fra.ce. francs .0140 .1750 3.9250 .02S.-I .07A5 .0167 .0760 .3460 .0039 .0393 .0077 .1625 .0035 .0145 .0300 .1408 .2345 .1743 .4925 .50d .4825 Germany, marks Greece, drachmas Holland, guilders Hungary, kronen Italy, lire Juiro-Slavla. kronen . . . ; Norway, kroner Portugal, escudos Roilmanla, lei Serbia, dinara Spain, pesetas Sweden, kroner . Switzerland, francs China (Hongkong), local currency. (Shanghai), taels Japan, yen NEW YORK, March 22. Exchange, heavy. Sterling, demand $3.90; cables. 13.91. Francs, demand 6.04; cables. 0.06. Belgian francs, demand 7.26; cables. 7.28. Guilders, demand 34.25: cables, 34.45. Lire, demand 3.S4; cables. 3.86. Marks, demand 1.60: cables, 1.61. Greece, demand 7.50. Argentine, demand 34.00. Brazilian, demand 13.25. Montreal, 12 per cent discount. . Foreign Bonds. . Foreign bond quotations furnished by the Overbook 4s Cooke company of Port land: Btd. Ask. Russian 5s, 1921 IS 16 Russian 5s. 1926 9 11 Russian 6s. 1919 1 17 French 5s. 1931 64 66 French 4s. 1917 45 ' 47 French 6s, 1920 66 88 Italian Bo, 1918 31 33 British 6s, 1922 SSI S93 British 5s. 1927 371 8S3 BritiHh 5s, 1929 369 381 British vky 4a 20.1 805 British ret 4s 269 21 Belgium rest 5s 66 TS Belgium prem 6s.... 70 72 German W. L. 6s 12 13 Berlin 4s IS 14 Hamburg 4s 14 15 Hamburg 4s .A 14 16 Leipsig 4 14 16 LeipsUc 6s 14 17 Munich 4s ' 14 1 Munich 5s 17 19 Frankfort 4s 16 17 Jap 4s 63 64 Jap first 4s 82 82 Jap second 4s 82 2 Paris 6s 96 .9(1 U K 6s, 1921 99 99 U K 6s, 1922 4 S3 U K 6s, 1929 88 89 U H 6s, 1937 85 M Swift Co.' 'Stocks. Closing prices for Swift & Co. stocks at Chicago were reported by the Overbeck & Cooke company of Portland as follows: Swift & Co 101 Swift International 26 Libby, McNeil & Libby 10 National Leather ft FIRST ARRIVALS SELL AT $11 AXD $12 AT YARDS. Stock Prices in General Market Are Unchanged With Hogs and i Cattle Firm. The first spring !amb of the season arrived at the stock yards yesterday. They sold at fll and 12, good prices as com pared with the general laiab market, but only about half of what the first offerings have brought in former years. There was only a moderate run of stock for the day. Prices in all lines held at Monday's range. Receipts were 142 cattle, three calves, 27 hogs and 98 sheep. The day's sales were as follows: Wt. Price. 455 $ 5.75 Wt. Price. 297 $12.00 390 12 25 171 12.25 254 31.50 331 11.00 200 8.00 4'M) 6.50 370 12.25 245 12.25 376 32.00 222 1 2 25 110 3L75 170 3 2.25 177 12.25 130 11.50 300 10.25 365 11.00 203 32.50 ISO 12.60 08 0.50 72 6.50 47 11.00 113 7.00 415 0.25 230 12.2.-. 450 7.50 250 32.25 180 12.23 330 30.25 260 3 0.25 225 12.00 195 12.23 95 7.75 80 6.00 57 12.00 OS 7.73 2 Q0WS. . 1 cow . . . 4 hogs. ., 1 hoe. . .. 1180 5.501 6 cows.. 1051 6 351 6 hogs.. . 21 cows. . 1043 lcow... 840 4 cows.. 1042 5 cows.. 874 4 cows. . 940 2 cows. . 940 " 1 cow. . . 1340 3 calves. 200 3 calves. 346 1 bull... 11990 1 bull... ItiJO 1 bull... 1600 1 bull. . . 1280 2 bulls.. 1810 lhog... ISO 3 hogs. . 1 06 2 hogs.. 210 lhog... 170 8 hogs.. 77 20 hogs. . 171 13 bogs.. 200 4 steers. 575 . 5 steers. 502 Scows.. 656 3 cows, , ,103 1 cow. . . 1190 26 cows. . 1058 11 calves. 3S0 2 bulls. . 1450 lbull... 030 lbull... 710 11 mixed. 799 12 hogs. . ' 107 The followlni 6.85 d hogs. .. 3 B Bogs. 4.501 1 hog.. .. 5.50 1 hog. , 7 00 1 nog. . .. . 5.001 4 hogs. .. 6 001 6 hogs. .. 10.00112 hogs. .. 7.001 2 hogs. .. 4.501 2 hogs... 4.75 4 hogs... 6.001 2 hogs. .. 5.501 2 hops. .. 5.001 2 hogs... 12.251 8 hogs. .. 12.301 1 hog. . .. 12.50 67 lambs.. 10.00I20G lambs. 11.50:24 lambs.. 12.60:47 lamlis.. 12.251 2 steers.. 5.001 7 hog 6.251 2 hogs... 5 .001 1 hog.... 6.25! 1 hor. . .. 4.501 2 hogs... 7.501 1 hog .25(10 hogs. .. 4.501 2 hogs. .. 4.001100 Iambi. 6.00i22 lambs.. 6.23151 lambs.. I2.OO1IOO lambs. lecal yard: Cattle Choice steers Medium to good steers. it at th Prices. 00 8.50 25 8.00 50)0 7.25 500 6.50 00$) 6.50 50 6.00 I 8 . 7. . 6 rair to medium steers Common to good steers Medium to good cons, heifers Fair to medium eows, heifers Common to fair cows, heifers Canners Bulls .".7.7." Choice dairy calves 1! ' ! Prime light calves ".. Heavy calves . Best feeders 4 J. Fair to good feeders Hogs Prime light Smooth heavy Rough heavy Stags, subject to dockage.,.. Fat pigs , Feeder pigs Sheep Spring lambs Prime east-of-raountain lambs Valley Iambs Heavy lambs, 90 lbs. and up.. Feeder lambs Cull lambs Light yearlings Heavy yearlings Wethers Bwei 5 6 5 5. 50 Ol 6.00 25 dt 4.50 30 5.00 50 (B 13.30 00 012.50 00 7.50 00jl 6.50 .50 6.00 00 12.25 25 11. 7o 00 10.25 00 1 0.25 00 12.00 00 11.75 00 IS 12.00 50 8.25 00 (B 7.00 00 0 7.50 00 6.30 0048 5.00 509 7.00 00 6.50 00 6.00 00 W 5.50 Chicago Livestock Market. - CHICAGO. March 22. Cattle Receipts. 9000. generally steady. Top beef steers. $10.60; weight, 1125 pounds. Bulk beef steers, $8,756)10; bulk fat she stock, $5.75 7.75; canners and cutters largely $39 4.30: bulk bulls, S5.256.25; calves slow, weak; bulk vealers to packers, $9.50$9 10.50; stockers and feeders steady, weak undertone. Hogs Receipts, 20,010; very uneven, 25c tj 75c lower than yesterday's average; hogs averaging 240 pounds down off most; early top, $11.25; bulk 200 pounds down. $10.25 11; bulk 220 pounds up. $8.85 10; pigs, 50c to 75c lower: bulk desirable 90 to 120 pound weight. $10. 5010.83. Sheep Receipts, 19,000; killing classes slow, about steady; lamb top, $10.75 to shippers; packers top. $10.50; shorn lambs top early, $9.25; others held higher; bulk fat wooled lambs, $9. 5010; no choice handy ewes here; bulk going from 15.50 to $6.25. Omaha Livestock Market. OMAHA, March 22. Hogs Receipts. 9000; few early sales light butchers 15c to 25o lower: general market 50c to 75c lower; bulk medium ana llgnt nutcners. $9.6010.25; top, $10.30; bulk strong weight butchers, 250 pounds and over, $9 9.60. Cattle Receipts. 4500: beef steers steady to 15c higher; top. $9.75; butcher stock steady to 25c higher; veals strong; stock ers and feeders steady to strong. Sheep Receipts 9500: lambs strong to 25c higher; bulk, $8.5069.75, with $10 bid; he'd at $10.25; sheep strong; feeders steady. Kansas City Livestock Market. KANSAS CITY, March 22. Cattle Re ceipts, 7000: beef steers mostly 25c higher: top, $10; bulk, $8.50&9.25; 14 loads. 1030 pound Texsns, $9; she stock, 2540c higher; best, 1230-pound cows, $7.75; many choice lots, $7.25 7.50; baby beef heifers and steers, $9.109.50; good heif ers. $8.50; calves mostly 60c higher; best vealers, $10; canners dull and stesdy; bulls and feeders strong to 25c higher; choice 700-pound stockers, $8.75. Sheep Receipts, 5500; steady; lambs steady to 25c higher; 84-pound lambs, $10; 20 head 50-pound spring lambs, $14.50. Seattle Livestock Market. SEATTLE, Wash., March 22. Hogs Receipts, 50; market 50c higher. Prime $1212.50;. medium heavies, $1112; rough heavies. $V&9.50: pigs. $$11.50. Cattle Receipts, none; market 2 5 tff 50c higher. Prime steers. $8.258.75: medium to choice, $6,256:7.75; common to good, J.lfiii; best cows and heifers, $77.50; medium to choice, $56.50; common to good, $43; bulls. 4.5O5.50; calves, light, $U12.50; heavy, $U7.60. Examinations Begin Today. UNIVERSITY OK OREGON, Eugene, March 22. (Special.) Term exami nations begin Wednesday and stu dents will- begin gradually leaving the campus for the week vacation be fore the next term opens April 4. Many students are staying over the holiday period. 'The employment bureaus of the T. W. C. A. and Y. M. C. A. are busy finding positions for university men and women who in tend to work during vacation. Louise Davis of the Y. W. C. A., has an nounced that many positions are open for women who wish to work. Ac cording to the Y. M. employment bu reau, work seems scarce for men students. HIDES WOOL . CASCARA BARK "Write for Shipping Tags and Quotations. In the mar ket for good butcher lots hides. Small consignments Hides, Wool, Bark, Mohair and Tallow also solicited. PORTLAND HIDE & WOOL COMPANY v Successors to ' ' SULLIVAX HIDE & WOOL COMPANY New Address 103 Union Avenue North, Portland, Oregon MT SELLING HEM MAT TOUCHES LOWEST POIXT SIXCE 1910 AT CHICAGO. Corn and Oats Are at Cheapest Quotations In Eight Tears. Crop Reports Bearish. CHICAGO. March 22. May wheat today touched', the lowest price since 1916. Strained economic conditions, bearish crop reports and slackness of export demand appeared largely responsible. The market olosed unsettled at 4ie est dseline ta 1-aC advance, with March $1.51 to $1.52, and May $1.42 to il.43. Corn lost e to c. Oats finished unchanged to Ho up and provisions off 2c to 40c Heavy liquidation by holders took plies in wheat after the first hour. Revival of talk about enactment of an emergency tariff bad temporarily given the bulls a little advantage, but purchasing orders came largely from shorts and with gossip current about storsge and warehouses be ing clogged with refused merchandise, selling pressure broadened, especially as crop reports were bearish and foreign inquiry reduced to a minimum. At the extreme low point of the day, however, one big commission house tumid to the bull side and rallies ensued. Be sides, an elevator Interest was credited with selling March and buying May at the finish. Corn and oats averaged lower in sym pathy with wheat. May corn ana May oats as well sold at cheaper prices than since 1913. Provisions were weighed down by the action of grain and by uncertainty about labor troubles. The Chicago market letter received yes terday by the Overbeck & Cooke company of Portland said: Wheat Liquidating sales were absorbed In a more Impressive fashion than for sev eral days and although new low levels were reached the market closed strong and higher. Seaboard advices Intimated early in the day that the export demand was at a standstill with the British commission withdrawn from the market. Shortly be fore the close, however, it was reported that 520,000 bushels of gulf wheat had been taken on old sales. Country offer ings are light and it is very probable that exporters might experience some diffi culty in getting the wheat to fill the large ' sales made recently. Crop reports are al most entirely favorable, but there are many vicissitudes to be reckoned with be tween now and harvest and the uncer tainty as to the outcome is very likely to impart strength to the future market, especially should exporters continue their buying .in this country, which is not Im probable, as Argentine wheat is being held at 6 cents higher than ours c. i. f. Eng land and the continent. Corn This market was depressed most of the day and failed to regain Its loss when wheat rallied at the close. Receipts of 190 cars, the smallest In some time, met a fair demand at yesterday's basis to a shade higher. Country offerings to arrive are light and a further decrease In arrivals Is Indicated. For the fire time in several daye there was an export de mand reported with a fair amount of busi ness worked. Bearish factors appear to -be quite well discounted at the moment and a recovery from this level is la order. Oats Sold to a new low level in sym pathy with other grains, but these was considerable covering of short contracts in progress towards the close and the mar ket had a rather buoyant tone. Receipts were only 49 cars and the spot trading baais was quotable firm to a shade higaer. It is hardly likely that there will be much pressure of cash on the market at these prices. Leading futures ranged as follows: r WHEAT. Open High. Low. Close. March ..$1.52 $1.54 $1.49 $1.51 May .... 1.41 1.4314 1.39 1.42 CORN. May 65 .66 .64 M .65 July .... .08V4 -6914 .67ii .6814 . OATS. May . ... .404 .4074 .39 X40V, July 42)4 .52H .41?. .42 PORK. May 20 5 LARD. May ....1190 ' 11.90 11.65 11.77 July 12.16 12 20 1197 12.05 SHORT RIBS. r r.. ... 11 .TS 11.60 Jl.au Ji. July 11.85 11.8T 11.00 11.07 Cash prices were: Wheat No. 1 hard. $1.5H. Corn No. 2 mixed, 61&3i4c; No. 2 yellow. 62 63 c. Oats No. 2 white, 40V441c; No. 3 white, 3839ttc. RyeNo. 2, $1.42. Barley 62 72c. Timothy seed, $4(85.50. Clover seed, $13 19. Pork Nominal. Lard $11.47. Ribs $1112. Minneapolis Grain Market. MINNEAPOLIS. March 22. Cash wheat. No 1 dark northern, $1.55 163 : No. 2 $1.511.60; No. 3. $1.50 01.54: No. 1 northern. $1.02 1.53.- No. 2. $1 48 1.5o ; No. 3, $1.37 61.48; No. 1 red spring, $1.47? 1.53: No, 2. $1.42 a 1.48; No. 3, $1.361.43; No. 1 dark hard Montana. $1.64 1.6o ; No. 1 hard Montana. $1.58 01.60 : No .1 fc"-um, $1.4501.48. Barley, 46 66c Flax, No. 1, ?1Fures Wheat, March $1.38; May, $1.37. Primary Receipts. CHICAGO. -March 22. Primary receipts Wheat 57,000 bushels, against 592,000 bushels: corn, 891,000 bushels, against 676.- 000 bushels; oats, 455,000 bushels, against 650.000 bushels. ' Shipments Wheat. 735.000 bushels, against S74.000 bushels: corn, 917.000 bush els against 371,000 bushels: cats, 545,000 bushels, against 893.000 bushels. Clearances Wheat, 136,000 bushels; corn, 1,167.000 bushels: rye, 51,000 bush els; flour, 49,000 barrels. Winnipeg Grain Market. WINNIPEG, 'Mnrch 22. Cash wheat. No. 1 northern. $1.89; No, 2, $1.66 I No. 3. $182: NO 4. $1.74; No. 5. $t.06H: No. 8?$1.U; feed. $1.41; track $1.89. Oats ex. No. 1 feed, 42c: No. 1 feed, 40c; No. 3, S7c. Barley. 3 CW.. 81c; No 4 70ttc Pye. No. 2. AV., $1.53. Flax. Futures Wheat, May, $1.77; July, $1-61. Grain at Ban Francisco. ' SN FRANCISCO. March 22. Wheat Milling. $2.552.65 Teed, $2.40 0 2.50; corn, white Egyptian, $2.6002.70; red milo, $1.9002; barley spot feed, $1,250 1 35: shipping, $1.4501.55; red feed, oats, $1.6001.65. Hay wheat fancy. $20021; tame oat. $17019: wild oat, $12015; barley, $120 15 alfalfa, $17020; stock. $10014. Seattle Grain Market. 6EATTLE. March 22. Wheat Pard white and soft white, $1.40; white club. $1.S8; hard red winter, soft red wlfer, northern spring and eastern red Walla, $1.35; Big. Bend, blueetem. $148. City delivery: Feed Scratch feed, $57 ton; baby scratch feed. $55. feed wheat. $58; all grain chop, $46; oats, 46; rolled oats, $48; sprouting' oats, $51; rolled bar ley, $44; clIppeM barley, $48. sullied feed, $34; bran, $U4; whole corn, $11; cracked corn. $48. Hay Alfalfa. $27; double compressed alfalfa, $3:1; double compressed timothy. $3& eastern Washington mixed, $34; straw, $24. Metal Market. NEW YORK. March 22.Copper stea Electrolytic, spot and March, 12012 second quarter, 12 013c. Iron nominally unchanged. Tin steady. Spot and nearby, 28. futures. 211. 20 02a 50a Lead dull. Spot. 4o. Antimony Spot, 5 .176 5.50a. dler. 1 Vic; ; 50c; Zinc steady. East St. Louis, spot, $4 TO0 . . : 1 A. J. 11 alert Heads Retailers. CENTRAUA, Wash., .March S2. (Special.) A. J. Haigh of this city last night was elected chairman of the Lewis county branch of the Washing-ton State Retailers' associa tion at a meeting held here by Cen tralia and Chehalis members of the association. Mr. Haleh, following: his election, appointed W.- H. Ingraham Of this city sepretary-treaaurer. Ar rangements are being made for send ing a big Lewis county delegation to the annual convention of the state organization jin Tacoma on April 4 ana 5. Work Starts on Theater Site. . HOOD RIVER, Or., March 22. (Spe cial.) Workmen have begun razing an old open-air dance pavilion at the corner . of Oak and Fourth streets, where a new $30,000 theater building will be constructed by M. E. McCarty and George W. Thomson. A. 8. Kol stad and J. H. Ferguson will occupy the new structure with a moving picture theater. The stage, however, will be made sufficiently large to accommodate road shows. Aberdeen Veteran Gets Bonos. ABERDEEN'. Wash., March 22. (Special.) Roy Nichols, originally a member of old Company"G," -Washington national guard, and later at tached to the 61st infantry as a sergeant-major, was the first Aberdeen veteran to receive a pay check from the state bonus fund. He cashed' at the Aberdeen State bank a warrant for $343. Nichols at present is em ployed In Olympia. Merchants Asked to Close Friday. "EUGENE. Or., March 22. (Special.) Acting upon the suggestion of the Kiwanis club of this city, E. B. Parks, president of the Eugene city council and acting- mayor, yesterday Issued a proclamation asking the merchants to close their places of business be tween the hours of 12 noon and 1 P. M. on Good Friday. March 25. as an appropriate observance of the day. DAILY METEOROI.OC.ICAL BEPOBT. PORTLAND, March 22. Maximum tem perature, 00 deirrees; minimum, 41 degrees. River reading. 8 A. M., 18.8 feet; change In last 24 hours, 1.0 foot fall. Total rainfall (5 P. M. to 5 P. M. ). trace: total rainfall since September 1, 1020. 40.S4 inches; nor mal rainfall since September 1. 85.28 inches; excess of rainfall since September 1. 1020, 6 f6 Inches. Sunrise, 6:10 A. M. : sunset, 6:26 P. M. Total sunshine March 22. 0 hours. 19 minutes; possible sunshine. 12 hours 10 minutes. Moonrlse Wednesday 0:45 P. M. ; moonset Thursday. 6:25 A. M. Barometer rednced-to sea level) at 5 P. M, 29.97 inches. Relative humidity at 0 A. M., 100 per cent; at noon, 50 per cent; at P. M.. 6 per cent. THE WEATHER. STATIONS. Baker Roise ...... Boston Calgary .... Chicago .... Denver Des Moines. Eureka .... Galveston . . Helena Juneaut 54 0. 5S!0. 5010 4410 84 0 64 0 50'0 WO. 7410. 540. t4Oi0 OOilL'iSW IKain 00il2!SB ("loudy OOI12IN (Clear .001. . iSB ICIear OOllSiNE ICIear 00U4ISB ICIear .521. .ISB ICIear 80I12ISW IRain 001. .IN Cloudy Cloudy Clear Cloud 001.. W OOI..I.. 00H2IB Kansas Cltyj 400 Los Anfelesi 521 60 0. 00;14 18W Pt. cioudy XIarshfield. 5810 511 10 4UI0 OSIlOiW ICIear Medford .. Minneapolis 021. .INK Rain .00I12ISB Clear New Orleans 8210 00 . . s Cloudy New York 50 0 MO 80 0 5410 00 0 O0 50,0 52 0 58 0 2!0 ,00'lfllN ICIear North Headl 01!20S Pt. cloudy Clear Cloudy Pt. cloudy Phoenix .., Pocatello . Portland .. Roseburir Sacramento St. Louis... Salt Lake.. San Diego. .OOilOlW" .001.. s .oojulw .02. .W .08I10ISW .IH'.i. .IB Pt. cloudy Pt. cloudy Cloudy Cloudy .001.. 1KB oo . . xw It. cloudy Pt. cloudy S. Francisco: 501 1 .18:10!W Seattle Sitkat Spokane ... Tacoma Tatoosh Isd. Voidest .... 500 22I..IW Cloudy 5 OOI. .. Clear Cloudy 5010 58 0 5010 . . . 10 60 0 ON 0 8410 no o 001 INW .161 -IW . NB Cloudy 12! 00 01 Kain Cloudy Walla Walla . .I.VE ICIoudy . .1KB ICIear Washington Winnipeg; ... Yakima . . . . .00 on; lO HIi ICIear 201 S IPt. cloudy tA. M. foday day. P. M. report ot precedlns FORECASTS. Portland and vicinity Generally fair; wintls mostly westerly. Oregon and Washington Generally fair; moderate winds, mostly westerly. Every large city has one newspaper which, by universal consent, Is the Want-Ad medium of the community. In Portland it's The Oregonlan. 20 -yr. sinking fund 8's to yield a mini- at 99 mum of 8.13 up to a possible 20 to accord with the operation of the sinking fund. There will be retired annually $1,200,000 by sinking fund pur chase or by lot at 110 the first ten years and 105 the next tea year. - ' HERRIN & RHODES, Inc. (Established 1896)' BROKERS MEMBERS CHICAGO BOARD OF T11ADE. romxpsBsents, E. F. HVTTON at CO. Members New Vork Stock Ex. ehanate. Private Leased Wires Direct, te All Security and Com modity Markets. LIBERTY AND VICTORY BONDS BOUGHT AND SOLD MAIN 283 and 284 101-3 RAILWAY EXCtt BLDG. Republic of Chile Eg Call or phone 1 SMITH H (MOUND FLOOR CAMP 9 a Lsnsnnm BuiLama " 1 B - Fifth and svraM COi 1 Municipal Bonds Yielding 7 Subject to Prior Sale We Offer . $777,000 Medford Irrigation District (A Political Subdivision of Jackson County) 6 Gold Bonds Dated Jan. 1, 1921. Due Serially 1927-1954 Denomination ?1000 and $qOQ ' This Isane la direct obligation of the Medford Irri saAlon Dlatrlct,' situated In the Roaraje River Valley Immediately surrounding the city of Medford, Oregon. X Validated by Superior Court of Jnokson County and rertifled by the Secretary of State. Approved by Oregon Securities Commission as legal investment for Savings Banks. Trust Funds, etc., and eligible ta secure public deposits In the State of Oregon. . e Exempt From Federal Income Taxes Price to Yield 7 Complete, descriptive circular furnished npon request. Union Trust Company . OF SPOKANE Affiliated With The Old' National Bank Thieves Busy at Aberdeen. ABERDEEN', Wast., March '22. (Special.) Thieves committed two robberies over the week end here. The Polish club was entered by way of a eide door. Some small change and a considerable quantity of cigars, to bacco and candy were taken. The pther robbery was reported at 706 West Wishkah street. $35 in cash, a pold watch, revolver and gaiety rn.or I OUR BOND DEPARTMENT is 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. IUKinwLow If you ha've ten thousand dollars I have a real business proposition to submit to you Best of References For particulars address AN 540, 6regonian. Government of Vi7 Gold Bonds. Price 96.62 and Interest to YIELD 7:10 Principal and Interest Payable in United States Gold Coin Western Bond and Ground Floor, Bonrd of Trade Bulldins; MAIM 113 Bonds Tj'xpenence, To Net , JZj personal' 7 Per Cent direction and absolute integ- , High-grade bonds with at- . - tractive profit possibilities. . Tlty, COUpled " with "a trained Both railroads and - industrials. management v organization Write fmr detcriptio circular som protect the Cil- , 5n f rati. . . ent s interests. feSKol Strong 6 MacNaughtom IHI01IESSKrailMW I .C,V'k'T'-1"''0. i;1 1 liM. i',!! being taken from a room occupied toy John Dastoni, Carl Borotta and Tony Dalcul. i Xw Crenmery Station at Waldport. WALDPORT, Or., March 22. (Spe cial.) The Mutual Creamery compajiy of Salt Lake City has establlshe-rl a cream-buylne station at Waid'port, rrakintr the tMri hpre. m mi 1 . sMFMRTTlN r' -v w w r r-mr 'r3rxniTtincrrroii ILKUtftVt Newfoundland Due June 30, 102S. Mortgage Company M FOVRTH ST.