. v ...
r ... . .
21
THE MORNING OltEGONIAN. TUESDAY. MARCII 29, 1921
',1
4
OREGON MOHAIR CLIP
l MAY BE POOLED
No Regular Demand Yet for
This Year's Product.
SHEARING IS UNDER WAY
Several Small Lots Disposed of at
15 Cents Revival in Wool
Trade Is Expected,
Goat shearlnr la making good progress
throughout tha valley, but there Is not
much doing In the way of business. A
few bjyera have made offers of IS cents
and several lots have changed hands at
this prce, but It cannot be said there Is
any actual demand for mohair any more
than for western wooL It Is probable that
nearly al! the Oregon mohair clip will be
pooled with the new association. Reports
so far received from the east are not en
couraging for' an early movement. It is
aid tha larger mills are not only liberally
supplied with mohair from last year's clip,
but also heavily stocked with finished
goods for which they can find no market.
Wool continues Inactive at this end, but
eastern reports of a little better movement
to the mills leads to the hope that there
will be a revival before long in wool
trade In the west. Trade advices from
Boston say:
The wool markets of the world are very
keavy. Stocks of wool everywhere are ex
ceedingly large, and prices are suffering
accordingly, although it seems probable
that the greater part of the liquidation In
prices lias taken place already. In this
nun try Is Is estimated that there Is any
where from 1H months' to two years' supply
ef wool for the mills, of one sort or an
ther, th wools in band being chiefly of
the medium and fine medium order, with
comparatively little of the choice fine
staple wool available.
"Tha stocks In hand are being aug
mented In considerable quantities week
after wefk with arrivals from the for
elrn markets and. In addition, the new do
mestic clip of fiO,000.000 pounds, ap
proximately, excluding pulled wools, Is
just beginning to be shorn; Indeed, the
first of the early Arizona wools already
have been shipped to Boston on consign
ment. It Is evident, therefore, that even
with an emergency tariff, or other equiv
alent legislation imposed, the market for
wool can hardly be expected to show any
boom to- aome time to come, although
there Is no doubt that a tariff on wool
would be a strengthening factor. Indeed,
It would seem to be the only alternative to
further demoralization, especially among
the growers, who are still holding In their
possession somewhere from two-thirds to
three-quarters of the 1020 clip and who
are pressing for quick tariff action in
Washington wtlh the utmost strength of
a well-organized lobby.
"In point of fact, about the only bidders
for the wools now held by the govern
ment have been the carpet manufacturers,
who seldom buy a pound of domestic
grown wool. Nevertheless, wool Is wool
to the most of the western growers, and
o they have deemed it necessary to se
cure the indefinite postponement of fur
ther auctions, which it is now understood
haa been accomplished."
DANISH BUTTER WEAKENS MARKET
T wo Large Ca rgoM A re E r pec ted Thi s
Week; Production la Heavy.
Eastern markets have been short of
fresh butter, enough so to hold prices and
some advanced, but Chicago eased off dur
ing the latter part of the past week. The
tiwdertoi: Is bearish on account of two
more cargoes of Danish butter due this
week, the Oscar II, with 10.000 casks, and
United States with ftfiOO. and also on ac
count of the approach of the flush season,
and the Influence of the break In the egg
market. Old Danish butter of fine quality,
9205 score. Is practically all cleaned up.
Some California butter Is rolling east and
soma business Is expected following the
break In the San Francisco market.
The butter market at San Francisco dur
ing the week up until Friday night was
lacking in strength with the exception of
Monday, when some .firmness followed In
creased outside demand. There was a
sharp break In prices Thursday and Fri
day, making a total decline of 2'c on 02
core butter for the week. 'The general
weakness was due largely to Increased re
ceipts, which forced dealers to sacrifice
prices in order to keep goods moving. Buy
ers lacked confidence and confined pur
chases to actual needs. The trade Is un
certain as to Just how long coast orders
will continue and there Is now some Indi
cation of a falling off. Several cars went
east during the week, which aided the
general tone of the market. Reports from
country points Indicate unusually favor
able feed conditions and large production
la expected. Receipts for the week show
Sk gain of approximately 32.000 pounds
but si nee January 1 this year, are less
than in 1920.
0 ADVANCE IX WHEAT HERE
llarket Doee Not RrMret Improvement la
Kant.
Although wheat was firmer In the east,
there was no Improvement In the local
ettuatlon. Hard -hlta bids were the same
as at the preceding session of the ex
change and offer, for other grade, were
low. The coarse grain market was In
active. Eastern reports said the Spanish gov
ernment haa announced that owing to the
low-price of wheat It Is ready to make
purcha-ses.
Reporting on the crop situation, John
Inglls aald: "From Newton, Kan., south to
Pono City, Oklahoma, wheat looks splen
did. Stock Is still running on wheat fields,
but not checking the growth much. Green
bugs are thick in every field; some will be
plowed up, but there Is a prospect that the
large acreage will escape. Never saw so
much Inecct life in the fields so early.
The acreage of oats is Immense ? they
show a good stand, but doubtful If they
escape the oat louse. Season Is rather
torward."
Terminal receipt. In cars, were reported
by the Merchants exchange as follows:
Wheat.Bar.Flr.Oats.Hay.
Portland, Monday 1J4 11 5 10 17
Year ago 57 . . 12 . . 10
Season to date. .1324 2?:! 6IK5 454 20f.9
Year ago 7415 109 &i8 414 17""
Tacoma. Sat. ... 13 . . 7 3 3
Year ago 5 . . 24 . . 1
Season to date.. 47 8oo 116 tf4
Tear ago filUS 77 2oZ4 166 747
Seattle. Thurs.,
Frl., Saturday. 16 .. 4 18 18
Tear ago 2 1 2 1
Season to date.. 4025 lf)4 S17 8 1181
Tear ago. 5377 2.13 609 628 11
BUYEKS PAY 2Z CENTS FOB EGGS
Country Merchants and Soma Producers
Are Storing.
Country merchants and some producers
have taken to storing eggs this year for
the first time, and as a consequence local
receipts are not as heavy as they would
otherwise be. There was enough compe
tition for yesterday's arrivals to hold the
.market firm at 22 cents. Itjto said that
acme of the eggs being put away by out-
of-town dealers are not being handled In
the proper manner, as the speculators will
discover when they take them out of
storage later. Careful candling and new
cases and fillers are necessary In storing
ggs to get good results.
The butter market was steaQy and un
changed with only a moderate demand for
cubes.
Poultry was slow and hens,, both large
and small, were weak and lower. Dressed
pork was scare and retr firm. There
was little ce.ll tor real.
Decrease in Wheat Visible.
The American visible wheat supply com
pares as follows:
Bushels. Decrease.
March 28, 1921 20.7U1.000 8,818.000
March 29. 1:;0 4S.SH6.00O 1.271,000
March 31, 1MB J.5.19,0llO 8,400.000
April 1, 1918...: 5.381.000 W1Z.IMIU
April 2, 1917 39,817,000 802.000
April 3, 1014 57.387.000 1,180.000
The corn visible Is 32,074.000 boshels, an
increase of 2,227,000 bushels; oats, 34.813,
000 bushels, a decrease of 94,000 bushels;
rye, 1.801,000 bushels, an increase of 187,
000 bushels; barley. 2,097,000 bushels, a
decrease of 13,000 bushels.
Bank Clearings,
Bank clearings of the northwestern cities
yesterday were as follows:
Clearlnes. Balances.
Portland ;.$5.177.49 $1.5u2.352
Seattle 4,732,712 1,420.719
Tacoma 44H.37S l-'.a4j
Spokane 1,684,486 7i,547
Strawberries Due Today.
A half car of Louisiana strawberries will
arrive today and smother shipment Is due
on Thursday.
A car of broccoli was shipped to the
Chicago market yesterday.
PORTLAND MARKET QUOTATIONS.
Grain, Flour and Feed.
Merchants' Exchange, noon session.
-Btd.-
Wheat March. April. May.
Hard white l-39 11.39 1.89
Soft white 1.30 1.30 - 1.30
White club 1.28 1.30 1.29
Hard winter 1.25 1.25 1.2o
Northern spring 1.25 1.25 1.25
Ked Walla 1.22 1.25 1.25
Oats
No. 2 white feed 82.00 32.00 82.00
Barley
Brewing 2S.00 28.00 28.00
Standard feed 27.00 27.00 27.00
ilillrun 26.50 25.00 24.00
Corn
No. 3 E. T. shipment 29.50 29 50 29.50
No. 8 E. Y. delivery... 29.50 211.50 29.50
FLOUR Family patents. $9: bakers'
hard wheat. 7.85; bakers' blue-tern pat
ents, 7.35; valley patents, SS.50; whole
wheat, 7.40; graham. tl.20.
MILLFEED Prices f. o. b. mill; Mill
run. 28 per ton; rolled barley. $4143;
rolled oats, $43; scratch feed. $55 per ton
CORN Whole, $39; cracked. $42 per
ton.
HAT Buyinr nrlces t a. b. Portland;
alfalfa, $19 per ton; cheat, $22023 per
ton; clover, $18; valley timothy, J-aw-o;
eastern Oregon timothy, $26.
Dairy and Country Produce.
BUTTER Cubes, extras. 38c: prints.
parchment wrapped In box lota, 43c; car
tons, 44c. Butterfat. buying price. A
grade. 39c; B grade. 37c, Portland delivery.
r.GGo Buying prices, case count, 22c de
livered; jobbinir prices to retailers, can
dled ranch. 2.&2tic; selects, 2728c
CHEESE Tillamook triplets, price to
jobbers f. o. b. Tillamook, 33c; Young
America. 34c lb.
POULTRY Hens. I4'f""e: ducks. 40c;
rep.e, 25c: turkeys, live. 35c: do dressed.
45 ff .riV.
PORK Fancy, 184Uo per pound.
VEAL, Fancy, 17tefo 18c per pound,
Frnits and Vegetables.
FRUITS Navel orsnges, $.1.35B.50 box:
lemons. $".50r4.5O: irrapefrult. $3. 25 to 8. 25
per box: bananas, logpllc per pound; ap
ple- SI. ..& 4 per box.
VEGETABLES -Cabbage. 2tt3tto Per
pound: lettuce, $4(4.50 per crate: car
rots. $1.25 per sack: garlic. 1520c pound;
beets. $1.25 per sack: cauliflower, $1.50 per
crate; celery. $5.50G&6 per crate; green
peppers, 304."c per pound: rhubarb, 10c
per pound; spinach. $lpl.25 per box;
tnrnlps, $1.50fr2 per sack; sprouts. 2!S25c
per pound; tomatoes, $4.75 per lug; cu
cumbers, $2S per dozen; peas, 20 22c
pound : asparagus, 20c per pound.
POTATOES Oregon. 11W1.50 per 100
pounds: Yakima. $1.501.75; sweet pota
toes s.i.r," per hamper.
ONIONS OreBon, 9neff$1.2S per sack.
Staple Groceries.
T,oea1 jobbing quotations:
SUGAR (sack basis) Cane granulated.
9Ue per pound: beet. 9.15c per pound.
NUTS Walnuts. 22fn:iBc; Rrazll nuts.
27c; filberts. 12c; almonds, 2"2!lc
peanuts, 710c per lb.; cocoanuta, $2 per
dozen.
HONEY Comb. $7.75 per case.
RICE Blue Rose, c per pound; Ja
pan style. 44c per pound.
BEANS Small white, 5e: large white.
5c; pink, 1c: lima. 8!4c; bayou, llttc;
red. 7'4e per pound.
COFFEE Roasted, bulk. In drams. 14
36c per pound.
SALT Granulated, bsle, $.S0S4.25;
half ground, ton, 50a, $17.75; 100a, $15.50;
lump rock, $26.
DRIED FRUITS Itallsn prunes, 7c
per pound: dates, $4.25rg6.85 Per box; figs,
$25.25 per box.
Provisions.
HAMS All sizes, 30ffl37e: skinned. 26
66c: picnic, 17(frl9c; cottage roll, 80c,
BACON Fancy, 4353c; choice, 80
85c; standard, 26f&28c.
LARD Pure, tierces, 17c pound; com
pound tierces. 12c.
DRY SALT Backs, 2225c; plates, 18c
Wool, Hops, Etc.
WOOI, Norn Inal.
TALLOW No. 1. 8c: No. 2, 4c pound.
CASCAR A BARK 1920 peel, 8o pound.
HOPS 1920 crop, 21 25c per pound.
HIDES AND PELTS Nominal.
MOHAIR Nominal, 15c per pound.
GRAIN BAGS Carlots, 7c, coast.
Oils.
LINSEED OIL Raw, In barrels. 84c;
S-gallon cans, $1.09. Boiled, In barrels,
96c; 5-gallon cans, $1.11.
TURPENTINE In drums, 94c; 5-gallon
cans. $1.00.
COAL OIL Tank wagons and iron bar
rels. 17Vjc: cases, 30 S 37c.
GASOLINE Tank wagons and iron bar
rels, 30c; cases, 42ttc
SAX FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO. March 28. Vege
tables Asparagus, 412Sic; squash, cream
ojitmdc; potatoes, street prices, Rivera
white. No. 1. $1,906)2.15; sweets, Nancy
Hall, $5.50138.50; new, 9W10c; onions,
Australian brown, 60c; green. $1.25tt 1.75;
celery, 1.50 w 2 5(1 crate; garlic, 710c;
cauliflower, 40ttv75c dozen; cabbage, lc
pound: bi-ll peppers, southern. 10fo20c:
turnips, 75c$l; beets, $11.50; parsnips,
$2i2.25; carrots. 75c8r'l; peas. 5jj 10c;
rhubarb, $1.502; lettuce, $1.75&2; arti
chokes. 25IWS5C; spinach, 31t'4c.
Poultry Hens. 30p40c: strictly young
roosters. H0 40c; old, 20g'22c: fryers, 47
6u2c: broilers. 4560c: ducks. 30ft35c;
squabs, 6575c: pigeons, 83.50 .dozen;
Belgian hares, 2325c; Jackrabbits, $3
8.50; turkeys, nominal.
Fruit Oranges, navel, $2(94.75: lemons,
$23.50; grape fruit, $1.603.50; limes,
nominal; tangerines, $1.50-3.50; apples,
Newtowns, $1.75(.3.25; bananas, 9(p10c;
avacadoea, $48.50; strawberries, $45.D0
crate.
Receipts Flour 2012 quarters: wheat.
1572 sacks; barley, 9034 centals; beans,
1X00 sacks; potatoes, 5208 sacks: hay,
200 tons; hides, 207 bundles; livestock, 50
bead.
QUOTATIONS ON DAIRY PRODUCE
Market Prices Bui big on Batter, Cheese
and Eggs.
SAN FRANCISCO, March 28. Butter
Extras, 3a c; prime iirsts, 35c.
Eggs Fresh extras, 29 He; extra firsts,
29c: firsts, nominal; dirties. No. 1, 27c;
extra pullets, 2bc; undersized, 26c.
Cheese Flats, fancy, 25c; firsts, nom
inal; Young Americas, fancy, 26c; firsts,
nominal.
CHICAGO, March 28. Butter higher.
Creamerv extras. 44c: standards. 41 X. n.
Eggs unchanged. Receipts 27.585 cases.
Firsts, 22'ijc; ordinary firsts, 1920c;
at mark, cases inciuaea, 21WZ2C
NEW YORK, March 28. Butter unset
tled. Creamery higher than extras. 44 L
45Hc: creamery extras, 4444Mc; firsts.
Eggs firm. Fresh gathered extra firsts,
2727c; firsts, 2526Hc,
Cheese Irregular. State whole-milk flats.
held specials, 27H29c; do average run,
25H6?27c; state whole-milk flats, fresh
specials, 24bc25c; do average run, 24
SEATTLE. March 28. Eggs Select local
ranch, white shells, 28f29c; do mixed col
ors. 27 (S 28c: pullets, 23 24c.
Butter city creamery in cubes, 420
bricks or prints, 43c; country creamery.
extras, cost to joDDers in cubes, 39c; stor
age, 38c.
Bops sit New York.
NEW YORK. March 28. Hons Oulet
state. 120. S4'940c; 1919, 18r20c: Pacific
coast, 1920, 27 3Qc; IV 1 9. 20 q 22c
Cotton Market.
NEW YORK, March 28. pot cotton
Quiet; middling, Li.4ic,
STOCK CLOSE IEU!
OILS, MOTORS AXT STEELS EX
TEXD EARLIER LOSSES.
Ralls Fairly Steady and Motion
Picture Specialties Close Strong;
Liberty Bonds Unchanged.
NEW YORK, March 28. The hesitant
and occasionally heavy movement of stock
prices today again was influenced by de
velopments which accentuated the en
forced readjustment of commercial and
industrial estimates. This was indicated
by the passing of the Sears Roebuck and
United States Smelting quarterly divi
dends, coupled with rumors of other omis
sions or reductions of dividend disburse
ment under consideration.
News was of a conflicting character. The
stronger position of the local banks en
couraged more liberal offerlnga of call
and time funds and western centers re
ported moderate Improvement in business.
These hopeful auguries were offset part
ly by another decline in railway tonnage
at leading transportation, terminals, crop
deterioration in several southwestern states
and additional wage reductions.
Oils, motors, steels, equipments and food
and leather specialties comprised fully 60
per cent of the turnover at declines of one
to nearly six points.
Ralls were only sllrhtly affected by the
reaction and Sears Roebuck rallied sharply
at the finish, the motion picture special
ties also showing marked strength, espe
cially Famous Players.
Sales were 675,000 shares.
Th fnpKlvn evrluLnre market was halted
on a continuance of the eastern holidays,
but sddltional gold imports were receiveo
from Europe and South America.
I.lbertv bonds and most of the interna
tional group were eteady, but rails con
tinued to ease. Pennsylvania 6s fell to
the new low of 97. Total sales, par value,
$6,575,000
CLOSING S-TOC-C QUOTATIONS.
Sales. High. Low. Ciose.
Am Beet 8ug. 1.4HO 43 41J.
Am Can 1.200 3H4 Mia 2?Vi
Am H & L pf 200 4.i 4 o
Am Int Corp. i.3("J rj
An Locarno. . 1.2O0
Am Sm & Rfjr 4.3M0 37 . g7
Am Sugar ... 80 3t
Am Sura Tob. 500 7 9 iJH
Am Tel tt Tel 2,;im jmi . te
Am Woolen . 89.W10 75',i li
Am Z L & S. 1O0 84 8Wi 8
Anaconda Cod 3.S00 36"4 8.
Atchison 3"0 81 80
Atl G & W In S2.S00 4S "I
Baldwin Loco 4.300 8!' SiS Jijl
Bait & Ohio. 2.700 3:1 o2Ji n.
Beth Stl "B" 2,000 58Vj el ''
B A S Copper loo 11H 11
It1
2 Vs
Oan Pacific" 2:-00 US 113 lj"
r . , T -,K - 711ft 4I-A 311 "9"i
Chandler M . . 12,(io ss f'7-
Chesa ft Ohio. 500 59 '4 0
C M ft St P.. 00 25 2 2.,
C ft N W 1,000 63 8.-1 M
C R I ft Pac. SOO 2i r
Chlno Copper. 1.200 20-S4 JO .0
Col Fuel & I. 20 2Sli 28
Corn Products 4.:MI0 7'i : J'
Cructble Steel 13.HW
Cuba Cane Sug 100 23 A 2.;1 h?
Erie l."0 "2 "A 1-Vs 2
Gen Electric I 200 136'? 1" 1
Gen Motors .. 23.W10 14'A ' ij
Gr-at Nor pf. l,2tM 74 .3 .
Illinois Cen . "" -" r" y
Inspiration C. 1.1MKI 32 Jl W 81 U
Int Mer M pf 100 51 H 5H
Int Nickel .. 500 144 14 J4
Int Paper ... 1.50 5? 4 .
K C Southern 6,300 25 Vi 24 H 24 J.
Kennecott Con 4"0 ,2
Mexican Perol 48.800 14! 143 1J4
Miami Copper .W0 17S !'
M S Oil 6,600 13 ISV i"
Midvale Steel. 300 29 29 "ng
Missouri Pac- 60O 1 1 1.' 1J
Nevada Cop.. 400
N Y Central.. iroi i" ,
N Y N H ft H 1.000 1 i; 1?
Nor & VfeM.. K"0 .96 3j- .'
Northern Pao 2.100 794 S'4
Okla P ft R'g 1.600 3'i . SU -tW
Pan-Am ret. o.xhi i i s w
Pennsylvania. 8,200 2..'A -
Pitts & W Va "0 2. 27 f7
Hay Cons Cop 200 1214 1"
Readlng S.-jOO 60 fcS 6S
P.ev Iron ft s "" "V1 ; ,
Roval D N Y 2.800 6 64 "...
Shell T ft T. 100 40 40-v
Sinclair O & R lO.OOil 24 .;
Southern I'ac. 3.100 7.. 4 .4-)j .5
Southern Rv . 2.300 20 i0'4 20
s o of n j pf o i '2Z;
Studcbaker C. 60.300 80 7;Vi 7"4
Texas Co .... 6.4"H 42 "4 4; f'N
Tobacco Ptod 1..HV 4hi 46
Trans Oil .... O.!0 10 ;0 101s
I'uion Pacific 6h 117 117 111
V S Food Pds 700 22 j2 1-Jk
IT S lnd Alco 13.500 6714 64 ' 64
II S Retail St 900 50 4
II S Rubber.. 24.200 T34 Mils
U S Steel... i:,w evs "js
U S Steel pr. 0"" j; ;?
rtnh Copper. 20" 47V4 47 47
Western U .. 100 -I "
West Klectric ami s"
Willys-Over . 1.800 814 8 81.
BONDS.
U S" 2s reg '99V, IN Y C deb s.. 8"
Ho nn.innn ..."99 N P 4s 7514
O S 4s reg....-104IN P 3, .........54
do coupon ..'lVit-KC i i ;
in Ss res '78 Pa con 414s ".
Pan
7rt S P cv -is "92
A T ft T cv 6s'. 9714 !So Ry s S3'4
Atch sen 4s ... 77 U P 4s S0'4
D ft R G con 4S-63H1U S Steel 5s.... 9514
Bid.
Mining Stocks at Boston.
BOSTON, March 28. Closing quotations:
Allouez 19 INorth Butte ... 8 14
rli Com 7!01d Dom 17
Calu & Ariz... 44iOsceola 24
Calu ft Hecia..iu lyuincy si
Centennial .... SVfclSuperlor 3
Copper Range.. 82 ISup & Boston.. 1
East Butte ... 8 IShannon 1
Franklin 114I tah Con 34
Isle Rovalle ... 161 winona ........ no
Lake Copper... 2 141 Wolverine 114
Mohawk 45 Granby Con ... 2014
Money, Silver, Etc.
NEW YORK. March 28. Prime mercan
tile paper. 6 7 per cent.
Time loans steady; 80 days, 90 days.
six months. 614 7 per cent.
Call money easier. High, 614 Per cent;
low. 6 per cent; ruling rate, 614 per cent;
closing bid, 6 per cent; offered at 614 per
cent; last loan, 6 per cent; bank accept
ances. 6 ner cent.
Bar silver, domestic, 9914; foreign, 8714.
Mexican dollars, 4314c.
T.rt7TV-TJ March "M TnH V tm Vnll.
day on all London, Liverpool and Paris
exchanges.
Liberty Bond Quotation-.
NEW YORK, March 28. Liberty bond
auotations closed as follows:
314s, $90; first 4s, $87.10 bid; second 4s.
$86.80; first 4"4s. $87.40; second 414s,
$87.10: third 4 i s. . jno.1'.'; fourth 4'4s.
JH7.1S; victory 3 lis, $97.80; victory 4s.
$97.60.
Foreign Exchange.
Foreign exchange rates at close of bust
ness yesterday, furnished by Northwestern
National bank of fortlana. l ne amount
quoted Is the equivalent of the foreign
unit in United states tunas:
Country. Foreign unit, f Rate.
Austria, kronen $.003?
Belgium, francs 0730
Bulgaria, leva .01.-13
Czecho-Slovakia, kronen 0136
Denmark, kroner 1755
England, pound sterling 3.9275
Finland, finmark ,.. .0273
France, francs ..................... .0700
Germany, marks 0167
Greece, drachmas 0770
Holland, guilders 3455
Hungary, kronen 0040
Italy, lire 0408
Jugo-Slavia. kronen ,0077
Norway, kroner .................... .1625
Portugal, escudos 0875
Roumania, lei 0142
Serbia, dinara 0290
Spain, pesetas .1410
Sweden, kroner 2335
Switzerland, francs 1740
China-Hongkong, local currency 4800
Shanghai, taels 6450
Japan, yen . 4825
NEW YORK, March 28. Exchange,
steady. Sterling demand,' $3.91 14 ; cables,
$3.92; francs, demand 6 91, cables 6 93;
Belgian francs, demand 7.28, cables 7.25;
guilders, demand 84.38, cables 34.48; lire,
demand 3. 98, cables 4; marks, demand
1.68. cables 1.59: Greece, demand 7.70:
Argentine, demand 34: Braslllan. demand
15.12. Montreal, 11 15-16 per cent discount.
Foreign Bonds.
Foreign bond quotations furnished hf the
Overbeck & Cooke company of 1-orttand:
Bid. Ask.
Russian 514s, 1921 166 18
Russian SVis. 1926 11 1314
Russian 61is. 1U19 1714. 1014
French 5s, 1931 54 56
French 4s, 1917 45 47
French Bs, 1920 6 68
Italian 5s, 1918 2914 3014
British 6s, 1922 384 392
British 6s. 1927 370 384
British Bs. 1929 869 3S1
British vky 4s 300 312
British ref 4s 274 2S6
Belgium rest 6s 66 68
Belgium prem 5s 70 73
German W. L. Bs 12 1SH
Berlin 4s 124 13 '4
Hamburg 4s 13 13
Hamburg 4 Its 14 15
Lelpslg 4tos 14 1514
Leipslg 5s 13 17
Munich 4s 14 . 1514
Munich 5s 1614 1814
Frankfort 4s 15Vi IT
Jap 4s 64 66i
Jap first 4Vis 82 214
Jap second 414s 82 824
Paris 6s 9614 . 96
U K 514s, 1921 8914 99H
UK Bits, 1922 9414 94
U K 614s, 1929 8854 89
U K 614s, 1937 85 86;
Swift Co. Stocks.
Closing prices for Swift & Co. stocks of
Chicago were reported by the Overbeck A
Cooke company of Portland as follows:
Swift ft Co 102
Swift International 2514
Libby, McNeil ft Llbby 1014
National Leather 814
Metal Market.
NEW YORK. March 28. Copper
steady; electrollytlc spot and prompt, 12 14
12c; futures, 1213c.
Iron Nominal; No, 1. northern, $28; No.
2, northern, $27; No. 2 southern. $25.
Tin Steady; spot and March. 30.25c;
futures, 80.50c.
Antimony, 5.255.50c
Lead Dull: spot. 4c.
Zinc Easier; East St. Louis delivery,
spot, 4.65i7.25c.
I SUPPLY IS
LARGE DECREASE IX VISIBLE
AFFECTS CHICAGO MARKET.
Crop Damage Fears and Possibility
of Early Tariff Action Are
Also Bullish Factors.
CHICAGO. 111.. Msrch 28. Spectacnlar
shrinkage of the visible supply, together
with crop damage rears, did much today
to lift the wheat market. Prices closed
unsettled, 1 to 814 c net higher, with
March $1.5701.5714 and May $1.4314
1.4314. Corn gained 14 o and oats
14pc. In provisions there was a set
back of 80c in prices.
Today's highest wheat prices came after
announcement had been made that a de
crease of 3,818,000 bushels in the visible
supply had so reduced the total that the
ansuunt left in sight was, with one excep
tion, the smallest in more than 30 years.
Besides, later advices indicated that
contrary to reports, damage to growing
wheat may have been done by the cold
wave In the west and southwest. Greater
confidence regarding the speedy enact
ment of an emergency tariff bill was also
to some extent a bullish factor. Trading,
which began today In the July delivery,
waa of only moderate volume.
Corn and oats responded a little to the
strength of wheat, but before doing so
May corn touched the lowest price for the
present crop. Huge stocks are In sight.
However, there was some export business
both in corn and oats.
Lower quotations on hogs weakened
provisions.
The Chicago market letter received yes
terday by the Overbeck ft Cooke company
of Portland said:
Wheat Trading started In July wheat
at around 19 cents under May and later
recovered about 2 cents of the discount.
The entire market had a stronr annpar-
ance on short covering Influenced by the
drop In temperatures over the belt. March
wne-at advanced 414 cents from the low
point and at the close all grades of de
liverable cash were selling at March prices,
but still 13 to 14 cents over May. This
makes July about 30 cents under cash,
which seems too great a discount, even
though the former is representative of a
new crop. The critical period of the crop
Is still ahead of us and the outcome very
much In doubt. Numerous messages were
received today telling of damage due to
the cold weather and a4vanced condition.
The visible supply decreased 3. 816.000
bushels to a total of only 20.761, 0O0 bush
els and wheat is still clearing from the
seaboard at a rapid pace, indicating a
further reduction in the available supply
before May 1. We view the situation as
shaping more and more In favor of the
constructive side of the market.
Corn Features sold down to new low
levels on the crop early in the day, but
developed considerable strength towards
the close with shorts showing a disposi
tion to cover because of the strength in
wheat. Receipts were 357 cars and cash
market steady to a shade higher. Country
offerings remain comparatively light and
Increased movement Is expected. A good
rally is more than likely to take place
coincident with anv display of an advanc
ing tendency In wheat.
Oats After an early decline with other
grains this market .closed strong and
within a small fraction of the high point
of the day. Pressure was small, with hold
ers of futures apparently having more con
fidence in values because of the lack of
country offerings. The shipping demand
was fairly good and the spot market firm.
Rye Selling of July rye against the pur
chase of July wheat was the outstanding
feature. On a pound-for-pound basis rye
appears to be selling too high as com
pared with wheat. Cash rye was firm
with sales at 8V4 cerrfs over May.
Leading futures ranged as follows:
WHEAT.
Open. Hlrh. Tow. Close.
Mar. $1.r.-4 1.STH 1.53 $1 57
May.... 1.41 1.4.1'i 1.4014 1.4314
CORN.
May 6414' .64H .6"4 .4't
July 6714 .66 -67
OATS.
Mar 4074 .40'4 .4'4 .40
July 4214 .42V. .41 .42
MESS PORK.
May.... 20.10 20.10 19.60 19.60
LARD.
May 11.50 11.50 112T 11.2T
July 11.85 11.85 11.63 11.62
SHORT RIBS.
May.... 11. 13 11.15 JR7 10.87
July 11.50 11.50 11.23 11.25
Cash prices were:
Wheat No. 2 red, $1.531.5414; Ne. 1
hard. $1.5361.5314.
Corn No. 3 mixed. 57!458c; No. 2
yellow, oOHeilAc.
Oats No. 2 whits, 4141c; No. 8
white. 3914 40c.
Rye No. 2. $1.4414.
Barlev 61(H75c.
Timothy seed $45.50.
Clover seed $13(018.
Pork Nominal,
Lard $11.07.
Ribs tl0-5011.25.
Primary Receipts.
CHICAGO. March 28. Primary receipts
Whest. 728,000 bu. vs. 823,000 bu. Corn,
968,000 bu. va 867,000 bu. Oats. 606.000
bu. vs. 783.000 bu.
Shipments Wheat. 554,000 bu. vs. 268.
000 bu. Corn, 474.000 bu. vs. 456,000 bu.
Oats, 680,000 bu. vs. 402.000 bu.
Minneapolis Grain Market.
MINNEAPOLIS. March 28. Wheat
March. $1.41 : May, $1.38.
Barley 49i'69c.
Flax No. 1, $1.75(81.7714.
Winnipeg Grain Market.
WINNIPEG, March 28. WheatMay,
$1.8014: July, $1.6214.
Seattle Grain Market.
SEATTLE, March 28. Wheat Hard
white and soft white, $1.35; white club,
$1.33; hard red winter, soft red winter,
northern spring and eastern red Walla,
$1.30: Big Bend bluestem, $1.43.
City delivery Feed Scratch feed, $57;
bihv scratch feed, $55; feed wheat, $58;
all grain chop, $40; oats, $48: rolled oats,
$48, sprouting oats. $51: rolled barley, $44;
clipped barley, $48: milled feed, $34: bran,
$34: whole corn, $41; cracked corn. $43.
Hay Alfalfa, $27; double compressed
alfalfa, $30; double compressed timothy,
$.18; eastern Washington mixed, $34; straw,
$24; Puget Sound, $31.
Grain at San Francisco.
SAN FRANCISCO. March 28. Grain
Wheat, milling. $2.35 2.45; feed, $2.30
2.40: barley feed, $1.251.S5; shipping.
$1.4001.85; oats, red feed, $1.4561.55;
corn, white Egyptian. $2.502.60; red mllo,
$1.75(91.80: rye, nominal.
Hay Wheat, $1721; tame .oat. $170
19; wild oat. $1215; barley. $1215; al
falfa, $17 & 20 ; etock;$10 14.
Coffee Futures Advance.
NEW YORK, March 28. The market
for coffee futures opened at a decline of
one to three points under scattering
liquidation. Later, however, the market
did better on reports of higher firm offers
and closed at a net advance of seven -to
nine points Marcn. o.ioc: May, o.ac;
July, 6.84c; September, 6.7zc; October,
6.85c: December, 7.01c; January, 7.22c.
Spot coffee Dull; Rio 7s, 6&6c; San
tos 4s, -- ,
i Naval Stores.
' SAVANNAH, Gd, March 28 Turpen
tine Firm. 45c; sales. 140 barrels: re
ceipts, 64 barrels: shipments, 879 barrels;
stock. B621 barrels.
Rosin Steady; no sales: receipts. 58
barrels: shipments. 1959 parrels; stock,
68.557 barrels. Quote: B. D, $3.50 E, F, G,
H, I, K, $3.60; M. N, WG, WW. $4.23.
New York Sngar Market. .
-V-IT-TXr VnRV Mnrr-h "K T? a V -in.
8.27c for centrifugal; refined, 8.25c lor
fine granulated.
Why Bond Prices
Are Advancing
Yields
to
7
Issue
Milton, Or., 6s
Seaside Fundings 6s
Astoria 5s
Idaho Falls Improvement
Wenatchee Improvement
ALL INCOME
LUMBERMEN'S
TRUST COMPANY
Broadway and Oak.
IS
PRICES ARE QUARTER &QWER
AT SORTH PORTLAND.
Ewes and Eastern. Lambs' Also De
cline; Baby Beef Brings Pre
mium; Receipts Large.
There waa a good run of 99 loads of
stock at the yards ovsr Sunday. Five
loads of cattle came direct to packers and
eight 4oads went through. Trading was
on an active scale ana an cmjw
veloped In parts of the list. i ne ouia
of the hog salea were at $12.25, which
was the best price going, as against a
ii sn tor. .t the close of last week. East-
of-the-mountain lambs and ewes were slow
and sold a quarter lower. Everything in
the cattle line sold out at unchanged
prices. A load of baby beef, shipped In
by Folmobee & Green of Pomeroy, Wash.,
sold at $1 for the steers and $8 for the
heifers.
Receipts were 18HS cattle, na caives,
673 hogs and 8613 sheep. The day s sales
were as follows:
Wet. Price.
Wgt. Price
4 bulla. 1417 5.00
3 steers 700 $ 6.00
2 steers 805 B OW
1 bull... 14M o
2 steers 1205
24 steers 1281
5 steers 1080
16 steers 875
2 steers 1270
2 steers 1328
23 steers 1328
15 steers 1004
27 steers 1145
2 steers 850
6 steers 68
4 steers 1007
20 steers 1011
10 steers 1033
2 steers 815
10 steers 1087
4 steers 1080
28 steers 1045
6 steers 1 158
54 steers 1021
5 steers 1102
2 steers 1036
27 steers 1085
4 steers 035
5 steers 1 132
17 steers 1183
8 steers 1)01
16 steers 1030
12 steers 986
3 sreers 970
34 steers 957
15 steers 1052
9 steers 875
11 steers 1134
9 steers 707
6 steers 701
17 steers 12S0
2 steers 1050
25 steers 1275
6 steers 1136
2 steers 780
5 steers 1005
3 steers 1013
18 steers 1175
3 steers 800
10 steers 1003
2 steers 835
7.00
1 bull.
1190
1310
5.25
6.00
7.751
7.001
6.00
1 bull...
4 mixed.
3 mixed.
12 mixed.
2 mixed.
5 mixed.
2 mixed.
2 mixed.
730
6HO
830
485
502
605
505
6.00
5 00
6.50
5.50
6 00
6.50
6.50
7.00
6.00
12.25
11 25
7.00
11.50
12.00
7.50
12.25
11.50
12.00
12.25
12.00
12.25
12.00
12.25
12.25
8.00
8.00
8.00
8.00
6.25
6.25
6.23
5.00
3.50
4.50
4.50
8 00
9.00
8.00
7.00
7.50
7.50
6.75
6.75
5.75
7 65
7.00
6.50
7.25
6.50
7.00
8.00
7.00
6.00
8.00
8.00
7.50
6.75
7.25
7 50
7.75
7.00
7.50
8.25
7.25
6.75
7 25
7.00
6.50
7.50
5 00
6.00
7.00
6.00
5.00
7.50
6.75
6.50
6.50
6.00
6.00
6.00
6 25
6.00
2.00
6.00
13.5(1
6.00
6.75
10.00
10 00
6.25
5.50
6.00
5.50
5.50
8.00
6.50
10.25
10 25
7.81
6.75'
8.101
8.001
8.101
7.00
7.00!
11 mixed. 1007
2 mixed. 940
7.50
8.50
7.75
6 50
8.00
8.00!
8. 50
8.00
8.401
1 hog...
2 hogs. .
1 hog. ..
6 hogs. .
3 hogs. .
1 hog...
15 hogs..
16 hogs..
1 hog...
13 hogs . .
2 hogs. .
2 hogs. .
2 hogs..
5 hogs.
2 hogs. .
161 lambs.
222 lambs.
100 lambs.
115 lambs.
236 lambs.
218 ewes..
230
3K0
800
224
123
580
217
205
2B0
174
230
140
280
232
1R5
86
85
85
85
81
106
106
97
104
98
96
1010
8.21
7.10
7.10
6.00
7.50
8.00
7.50
7.50
8.00
6 50
T.0
7.75
7.021l ewes..
s.:"0 ewes..
6.00I 24 ewes..
5.50 133 ewes..
7.30
7.30
7.651
8 ewes...
1 steer..
17 steers.
941
7.
23 steers. 10115
5.50
7.00
7.00
9 steers.
904
10 steers.
15 steers.
21 steers.
7 steers.
,1 steers.
933
936
837
747
7
7.7;
6.00
7.50
7.50
8.00
20 steers.
1124
2 cows.
2 cows.
2 cows.
2 cows.
7-S5
1305
1115
1115
K3
1200
1128
1057
8 steers.
84:
5.50
2 steers. 1010
4 steers. 1000
5.00
4.75
1 steer.. 81 o
18 steers. 907
7 steers. 1085
2 steers. 8K0
1 steer.. 820
3 cows.
2 cows.
5 cows.
8 cows.
4.75
4.001
6.25
6.50
4 00
2 cows.
7 cows.
. 3 cows .
2 cows.
935
872
1110
17 steers.
4 steers.
21 steers.
8 steers
25 steers.
8 steers.
42 steers.
1 steer..
80S
935
1060
708
996
950
960
910
6.75
5.50
800
5.00
59 cows.
6 cows.
6 cows.
6 cows.
8 cows.
1010
11120
10H6
910
1157
6 85
6 00
6.85
6.85
6.85
82 steers.
1020
2 cows.
6 cows.
6 cows.
2 cows.
7 cows.
8 eows.
24 cows.
3 cows.
3 cows.
100
801
980
960
1000
6.83
10 steers. 1116
7 steers. 1047
15 steers. 875
1 cow. . . 960
20 cows.. 1013
1 cow. .. 810
4 cows.. 1210
1 cow.. . 1020
1 cow... 960
2 cows.. 1225
3 cows.. 833
1 cow... 1010
6.00
7.00
6.25
7.001
645
95
910
950
1211
6 2.1
7.00
6.00
5.501
8 cows.
13 cows.
7.00
5.75!
3.00
6.501
5.50
805
853
1053
1054
3 cows.
3 cows.
6 cows.
5 cows.
1 cow... 810
1 cow. .
2 cows. .
1 cow. . .
2 cows..
1 cow. . .
920
7
401
91(0
1025
987
880
905
908
1040
1050
1057
1036
1026
1061
788
858
1470
1050
6.75
1255
1080
945
1220
1030
946
843
750
806
130
230
350
285
836
370
1910
830
1590
400
825
775
270
356
9 cows.
8 cows.
9 cows.
11 cows.
11 cows.
2 cows.
10 cows.
2 cows.
7 cows.
15 cows.
1 1 cows.
4 cows.
26 cows.
6 eows.
7 cows.
8 cows.
2 cows.
6.75
5.511
7.00
5.65
6.00
cows..
8 cows.
4.501
3 cows. .
1 cow...
8 cows. .
2 calves.
6.0O)
6.00
1 calf.
6 00) 28 calves.
6. 6r
2 calves.
. 6.H5
5.50
5.50
6.50
6.50
6.00
8 calves.
19 calves.
1 bull...
1 bull...
1 bull...
1 bull...
13 mixed.
12 mixed.
1 hog. ..
3 hnirs . .
12 cows,
1 calf. .
4 calves
3 calves
1 rslf . .
993
100
6.00
302
J 33
250
6.OO1
13.00
1 2 nnl
A California
Example
There are about $00.0(10
cars in California, with
an average annual tira
upkeep of $100. If all
roads used were - hard-
. surfaced, a saving; of
$12,000,000 annually
would appear In favor
of the resilient, bitu-
, minous type of pave
ment, because there is at
least 20 per cent less tire
wear over resilient
pavement than over one
that is rigid. Resiliency
is one of the great vir
tues of
WARRENITE
BITULITHIC
HOTEL HOYT
Strictly Fireproof. Near both depots
and convenient car service to
all parts of city,
fflnjfl KoomA Without Bath, 91 and op
Stniclc Rooms With Bath, 92 and up
KLBKK.T 8. KOBE, Manager.
Bond Department
During- the last two months the
average price of bonds has ad
vanced five points. This is due to
the fact that conditions are easier
and capital is seeking investments.
Every indication is for stiffer bond
prices and lower yields. We recom
mend investment NOW while high
yields are still available.
Due
1931
.1925-31
1922-30
6s. .. .1922-29
7s 1933
Yield
6
7
7
7
TAX EXEMPT
IS
lcalf.. 880 6.50 4 hogs.. ZOO 1S.25
lcalf.. 150 13.50 68 hogs.. 185 12.25
18 calves 2B2 9.00 5 hogs.. 14 12.00
2 calves 120 10. 00 Bhogs.. 847 11.25
lcalf.. 150 12.00 76 hogs.. 215 12.25
o ton i nn i A4(l 11 ?3
3 calves 163 13.001 2 hogs.. 885 10.25
8 calves 380 6.00 lhog... 330 8.25
13 calves 116 6.50 2 hogs.. 240 11.50
13 calves 251 6.50 13 hogs.. 203 12.25
20 calves 187 10.00 5 hogs.. 294 10.25
2 calves 105 13.00 33 hogs.. 172 12 25
calves 340 6.00 19 hogs.. 142 12.23
4 calves 360 7.00 2 hogs.. 130 12.25
3 calves 176 13.00 79 hogs.. 200 12.25
6 calves 206 12.00 72 hogs.. 04 12.25
2 calves 205 13.50 5 hogs.. 334 11.25
lbull.. 920 4.50 4 hugs.. 215 12.25
lbull.. 920 4.50 S3hoKS.. 198 12.60
lbull.. 1450 4.75 23 hogs.. 140 12.25
4 bulls. 1437
2 bulls. 845
5.00 lhog... 240 12.U
4.50 1 hog... 440 10.25
4.25 76 hogs.. 224 12.25
4.00 6 hogs, . 158 12.23
4.00 8 hogal. 170 12.25
6.00 lhog... 330 8.50
4.50 67 hogs.. 105 12 25
6.50 4 hogs.. 150 12.00
6.50 1 hog... 340 10.25
4.30 11 hogs.. 180 12 25
5.00 11 hogs. . 130 12.00
12.25
1 bull..
1 bull..
1 bull..
1 bull..
1 bull..
1 bull. .
2 bulls.
1 bull..
2 bulls.
1190
1730
1410
470
1600
1800
1735
1030
1210
70 hogs
184
The following prices are current at the
local yards:
Cattle. Prices.
Choice steers $ 8.00 31 8.50
Medium to good steers 7.25 8.00
Fair to medium steers ......... 6.50ft) 7.25
Common to good steers ...... 5.50 6.50
Choice cows and heifers 6.5(1 7.00
Medium to good cows, heifers 6.00p 6.50
Fair to medium cows, heifers 5.50G2 6.00
Common to fair cows, heifers 6.50 (a 6.00
Csnners 2.251a) 4.50
Bulls 3.505J1 5.00
Choice dairy calves 12.50W18.5O
Prime light calves 11. 00i 12.50
Heavy calves 6.00W 7.50
Best feeders 6.00 6.50
Fair to good feeders 6.50 4 6.00
Hogs
Prime light 12.00 12.25
Smooth heavy 11. 25i 11.75
Rough heavy 8.00W 10.25
Slags, subject to dockage.... 6.00ftf 10.25
Fat pigs 12.004zil2.25
Feeder pigs 11.00 12.00
Sheep
Spring lambs 10.00S12.0fl
Prime east-of-mountain lambs 7.25 Gp 8.00
Valley lambs 6.00 (ft 7.00
Heavy lambs, 90 lbs. and up.. 6.00W 7.50
Feeder lambs 6.00 f 6.50
Cull lambs 4.00W 5.00
Light yearlings 6.50W 7.00
Heavy yearlings 6.00 r 6.30
Wethers 6.(MKo) 6.00
Ewes 1.50 J S.25
Chicago Livestock Market. . .
CHICAGO. March 28. Cattle Receipts
3.000, slow. Early sales beef steers and
butcher she stock fully 25 cents lower;
choice long yearling steers. $10, some held
higher; bulk beef steers, $8.25tr9.50: bulk
fat cows and heifers, $5.25l7.50; canners
and cutters mostly $3&4.50; bulls weak
to lower, bulk $36; calves 50 cents
lower, bulk vealers $8r8.50; stockers and
-f-BESB9--BaD9
(New issue)
Investigate
the opportunity opened to you
by the high yield you may
derive through the City of
Toppenlsh 77c bonds we own
and offer to yield you a full
1, Income Tax Exempt.
Toppenish is trade center of a
vast area of the famous Yakima
valley, the most productive and
the wealthiest agricultural dis
trict in the Northwest.
1 to 10-year 7 sat 100
Cash or Partial Payment Plan
Wire orders collect.
State maturity preferred.
We Specialize In
Liberty and Victory Bonds
See Us Before You Buy or Sell
Freeman
Smith
awCKJND FIOOO
LwwazSMHMS BaiuMM
Where Are The
Railroads Headed?
With the trouble! of the
country' road- apparently
multiplying from day to
day, and the outlook for
railroad tecuritiea appear
. ing more gloomy, the an
swer to the abore question
is of extreme importance.
Therefore, we hare com
piled a circular covering the
entire situation, having en
deavored to outline what the
future holds forth for rail
road security holders, and
this circular will be sent
free to anyone upon request
Ask for AitJ .
E. M. Fuller & Co.
Hwb-rasf
0-aseUdated SMek Bxefcaags ef H. T.
SO Bro-d St, Nw York
N-wYk Que-. Os-ciaW
PteWta Bastea
(fiirict Print! Wlrtt)
7 7?) ii jjj ft i -y
Yonder Pasture Looks Better.
o
VER there this
Over yonder competition is just as
keen, demand is no greater, selling
costs are no more, transportation
difficulties are increased.
Right here in your own Northwest
is a big paying market for hundreds
of lines of merchandise. Is the
other fellow over yonder slipping
in under you here in your own
home territory?
If you have a profitable market
over there, stay with it.
But before spending too much time
and money going into still another,
market, look here at home. Maybe
there is a good market here for you.
Make it pay.
Good advertising will help!
Hall &. Emory Agency
INCORPORATED
Merchandising Counsel and
ADVERTISING
PORTLAND, OREGON
Phone Marshall 220
After April First Graphic Arts Building Ninth and Couch Streets
feeders slow, early sales 25 to 50 cents
lower.
Hogs Receipts 47.000. Opened fairly
active, later slow, largely 25 to 40 cents
lower than Saturday's average, spots more.
Top early, i 10.80; bulk 200 pounds down,
till. 25410. 75; bulk 220 pounds up. '.(-
9.S5; pigs 23 cents lower, bulk desirable
80 to 120 pounds, I10.5010.75.
Sheep Receipts 28.000, fientng about
steady. Good to choice 88-pound wooled
lambs, $10.25; choice 80 to 82-pound shorn
lambs, '8.25; bulk fat wooled lambs, 0.50
t 10.25; choice 128-pound shorn wethers
lor export, (6.25; good 60-pound shorn
yearlings and twos, $6.75.
Omaha Livestock Market.
OMAHA, March 28. Hoes Receipts
5500. active. 15 to 25 cents lower. Bulk
medium and light butchers, -9.409.75.
to 19.90; bulk strong weight butchers, 250
pounds and over, 99.40.
Cattle Receipts 6000. Beef steers and
butcher stock weak to 25 cents lower;
veals weak; stockers and feeders steady
to weak.
Sheep Receipts 11.000. Lambs mostlj
25 cents lower, top 9.75; clipped lambs,
"8.25; Clipped yearlings, 7; sheep steady.
Kansas City livestock Market.
KANSAS CITY. Mo.. March 28. Cattle
Sales, sales, and more sales! that's
the 1921 slogan of every manufac-.
turer and wholesaler.
Such a policy is important vital but just
as important is the policy of insuring pay
ment on those sales!
The American's Unlimited Policy of
Credit Insurance does this. It guarantees
to pay bad debt losses beyond the normal.
In any emergency of credit accounts,
there is nothing so strong or so safe as
the American's Policy.
Get the full particulars of this broad, pro
tective service, which has such a stabilizing
effect upon business in general. No obli
gation. Write or phone today.
Payments tt PollcybtUen roer $10,000,000 00
AMERICAN CREDIT-INDEMNITY CO.
or NEW YORK E.M. TREAT, president
ISauES STAN DAM O UNLIMITED POLICIES 2
H. T. MacRILL, General Agent
Board of Trade Bldg. Phone: Main 1179
Portland, Oregon
The California Oregon Power
Company
First and Refunding Mortgage 20-Year. 7$
"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 7Va
Circular on Request for OR-61
The National City Company
Offices in more than 50 cities
Portland Yeon Bldg. Telephone Main 6072
VI
one looks better.
Receipts 16,500. Beer steers fully 25 cents
lower, many bids off more. ar!y top.
$9.25; butcher stock weak to 25 cents
lower; best cows, $7; veal cslves 50 cents
lower, good and choice, (8 8.50, other
calves steady; stockers and feeders eteady
to 25 cents lower, best feeders .8.75.
Sheep Receipts 11,000, strong. Ewes,
(6.10; lambs fully 25 cents lower, top
9.80.
Seattle Livestock Market.
SEATTLE, March 28. Hogs Receipts
172, steady. Prime, I11.50W12; smooth
heavies, -10.50 11.50; rough heavies, 5.5U
it it; pigs, -94,11.50.
Cattle Receipts 777, steady. Prime
steers, $8.25ji8.75; medium to choice, $6.2.1
&7.75; common to good, '5&9; best cows
and heifers, 77.50; medium to choice,
J.". if 6.50; common to good, 44f5; bulls,
4.50J.50; calves, light, IU&12.40, heavj
$tfJ.50.
Dried Fruits at New York.
NEW YORK, March 28. Evaporated ap
ples Klrm; California., 68c; state,
6 V4 W 13c . .
Prunes Easy; Callfornlas, 416c; Ore
gons. 8VJ&15V4C.
Peaches Moderate demand; standard,
14V.C- choice. fnncy. lllraic.
1? . iR.ii
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