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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 6, 1921)
APRTT. ft. 1921 " 21 THE MORNING OREGONIAN, WEDNESDAY, . -i - - i i ,- . i- , ., - . V 1EAT IS DDI TO PRE-WAR LEVELS Export Buyers Paying 80 to 90 Cents in Country. DEMAND IS NOT ACTIVE local Exchange Bids Are Lowest Sinoe August, 1916 Trad- Ing on Reduced Scale. The alump In wheat which continue unchecked In all domestic rasrlcets, ha carried prices In this seotloa down practi cally to the pre-war level. Bayers yester day offered from 80 to 87 cent at country points (or all kinds or wheat ranrinc from red Walla to the milling trades. At . some points where there were cheaper freight rates the buyers bid around M cents, but in Tlew of the generally unsat isfactory conditions in the market, none appeared anxious to take on much wheat. At the Merchants' Exchange session bid prices were reduced all down the list. April wheat was down 2ft M cents and May wheat 6(4 cents. At 11.12 bid for April hard wheat, the market -was at the lowest point since August 4. 1918, when bluestem sold at $1.10. No Interest was shown in the coarse cereals. The weather forecast for the middle west (rain belt was wired aa follows: . "Illinois Fair tonight, Wednesday prob ably showers, continued mild temperature. Missouri. Wisconsin. lows, Minnesota, Da kota. Nebraska. Kansas unsettled tonight and Wednesday: rain or snow, colder. Wheat in all positions Increased 6S.0O0 bushels: corn Increased 426,000 bushels oats decreased 633.000 bushels. Last year wheat decreased 148,000 bushels, corn de creased 17.000 bushels, and oat decreased 110.000 Bushels. Duluth received 230,000 bushels of Cana- dlan wheat for Minneapolis. The Canadian visible wheat supply In created 802.000 bushels and oats Increased 18.000 bushels. Broomhall cabled from Liverpool: "The future corn market firm on news of spread of coal strike and rainy weather in the Argentine. The wheat acreage in Spain is still estimated at about 800.000 acres' In .crease over last year." " Terminal receipts, in car, were reported by the Merchants' Exchange as follows: Wheat. Bar. nr. oats, nay. Portland, Tues.. 0 Tear ago 21 Season to date. .13,729 Tear ago. grade, 33c; B grade, 83c; Portland de livery. EGGS Buying prices, clean. 2021e: ease count, 17418c delivered; Jobbing prices to retailers, candled ranch. 236 20c; selects. 2Hf$2Sc. CHEESE Tillamook triplets, price to Jobbers f. o. b. Tillamook. 33c; Tounz Americas. S4c lb. POULTRY Hens; 20023a lb.: ducks, nominal: geese, nominal; turkeys, nominal. PORK Fancy. Id Ho per pound. VEAL Fancy. 15 & 16c per pound. Fruits and Vegetable. FRUITS Navel oranaes. I3.50l95.50 box: lemons. $3.5004.75; grapefruit. 13.2508.25 per box; bananas, 100 Ho per pound; ap ples, x 1.35 04 per box. VEGETABLES Cabbsge. 804o per pound; lettuce, 13.50 0 4.75 per crate; car rots. 11.25 ner sack: earllc. loeizuc pound beets. (1.25 per sack; cauliflower. $1.50 per crate: celery, I608.BO per crate; green peppers. 80045c per pound; rhubarb. 10c per pound: iDlnach. 80 So per pound: turnips, 31.5002 per sack: sprouts. 20 0 25c per pound: tomatoes, so per iug, cu cumbers, 23 per doten; peas, 14015c TwmnH i.inrn, 1214 13c per pound. POTATOES Oregon, I10L25 per 100 pounds: Yakima, 11-5001.75; sweet pota toes, S3. 30 per hamper. ONIONS Oregon. 76c OIL 25 per sack. Staple Groceries. Local Jobbing quotations: SUGAR (ack basis) Cane granulated. BUe ner nnund: beet. 0.15c per pound. NUTS Walnut. 22036c pound: BraslI mm. 27c: filberts. 12c: almonds. Zoaxj'ic; peanuts, 7010c per pound; cocoanuts, $2 per dosen. HONEY Comb, $7.75 per case. RICE Blue Rose, 6 lie pound; Japan stvle, 4e per pound. BEANS Small white, 5 (4c: large white, 5c; pink, 7 He: lima, 8c; bayou, llHe; red. Tic per pound. COFFEE Roasted, bulk. In drum, 140 88c per pound. SALT Granulated, bale. n.wi.u; half ground, ton, 50s, $17.75; 100s, $15.50; lump rock, $28. DRIED cbuits Italian prunes, oc pound; dates, $4.2506.85 per box; figs, $2 05.25 per box. Provisions. HAMS All sizes. 80 0 37c; skinned. 26 86c: picnic. 17019c; cottage roll, 80c BACON Fancy. 43 0 53c; choice, wtf 85c; standard, 26 0 28c. LARD Pure, tierces, 170 pound; com pound, tierces, 12c. DRY SALT Backs, zztpzsc; plates, isc. MONEY MARKET RELAXES STOCK TRADIXG TAKES OX . STROXCER TJXDEKTOXE. Gross Gains of One to Nearly Four Points Are Scored Liberty Bonds Are Steady. . Tacoma. Mod.. Year ago Season to date. . Year ago. .... Seattlo. Mos... Year ago , Season to date.. Year ago. . . . . 7.587 2 23 S.9H7 6,283 2 7 4.112 5.429 8 8 227 6S2 171 8479 6 28 4S 819 77 2763 1 16 198 828 234 711 478 2115 418 1886 5 124 168 7 832 763 4 880 1211 631 1133 INDLIX WHEAT ACREAGE LESS Exports From This Tear's Crop Promise to Be Very Small. The first wheat forecast of the govern ment of India for the 1920-21 crop, based upon re-ports of the area sown up to the beginning of January in the provinces and states which comprise 98.6 per cent of the total wheat area of India, estimate the total wheat planting at that time as 22, 973,000 acres, compared with the eetlmate of 27,425.000 acre at the corresponding time last year, the far eastern division of the bureau of foreign and domestic com merce states. This represents a decrease of 16 per cent. " The" final estimate of the wheat' yield from the 1919-20 crop wa 10,000,000 ton, and while it la too early to estimate what relief may have bee.n provided by rains since the first of the year. It Is probable that both the ultimate acreage and the. yield per acre will be less this year than last. The prewar wheat requirement of India Itself have been estimated at about 9,000,000 tons, which indicate that the exportable surplus from the current crop la likely to be comparatively negligible. The department of revenue and agri culture oc the government of India on December 18, 1920, decided to permit ex portation of 24,000 ton more wheat flour staring - the period October-December, twinging the total allotment of wheat dour for export for the year to 96,000 Sons, which compares favorably with the average of 67,000 tons of wheat flour ex ports daring the three prewar years. JFAMXLT XXOUB DECLINES 40 CENTS ; Grade of Patent Will Sell at 88.60 is Local Market Today. Local flour millers yesterday announced reduction of 40 cent a barrel in all grades of family flour. The new prices will be effective this morning. The best family patent will be listed at $8.80 barrel. A larger decline was looked for, la view of the sharp tall In wheat prices. It is probable that when the wheat market finally reaches bottom, and many dealer think It 1 near that point, flour price will be sdjusted more closely to wheat values. Until market conditions are more settled, flour buying is likely to. continue light. The decline did not affect bakers grades of flour, which remain at $7.25. GOOD DEMAND FOB PRINT BUTTER Cubes Mots Slow In City Trade Egg Mar ket Steady. Local print butter trade continued fairly active, but there was not much city busi ness in cubes, which were Quoted at former prices. Eggs were steady with buying and sell tns prices generally unchanged. . Receipts were large and the bulk of the surplus went Into storage. There was not much demand for poul try of any kind. Heavy hens were held at 25 cents and light hens at 20 cents. Veal was steadier and about a cent higher because of smaller receipts. Dressed pork was unchanged. Tomatoes Are Firmer, A straight car of southern tomatoes ar rived yesterday and the market was firmer at $3 a crate, repacked. Asparagus wa till in large supply and sold slowly. Bank Clearings. Bank clearing of the northwestern cities yesterusty were as zoilows: Clearing Balances. Portland 4,"r,S.LM.1 xsttt.euo ,o.i.-. inn, viu.ttol Wool, Hops, Etc WOOL Nominal. TALLOW No. 1. 814 04c; No. 2, 20 3c per pound. CASCARA BARK 1020 peel, 7c pound; new peel, 6c pound. HOPS 1920 crop, 15020c per pound. HIDES Salted country hides, 4c deliv ered Portland; grubby hides. 8c; city calf skins, 10c; country call-skins, 8c; good kiD. 6c: rrubbr kiD. 4c. MOHAIR New clip, 17c per pound. GRAIN BAGS Car lots, 7c, coast. NEW YORK, April . Relaxation . of money rates infused a strong undertone to the broader stock market today, many favorite issues registering gross gains of 1 to nearly 4 points. Prices were irregular and uncertain at the outset. The list went ranidly forward. however, after call money opened at 6 per cent, establishing the minimum initial rate since January 20, and easing to 514 per cent. In the open market demand money was freely obtainable at 5 and even 4V4 per cent. Rates for time funds were mixed, 60 and 90-dav Inam being negotiated at as low as 6V4 per cent, while bank acceptances 4.70c and discounts were unaltered. Other hopeful development embraced resumption of operations by a large inde pendent steel mill and several better state ments of earnings bv leading raliroaoe. Foremost beneficiaries of today' tock market movements were the oils, motors and their subsidiaries. Steels and railway equipments profited to a more moderate Lelpsig 6s 14 IT Munich 4s 14 151i Munich 5 : 16 19 Frankfort 4s 151 1714 Jap 4s 84 84"4 Jap first 4Vis 82 .. 8214 Jap second 414s 82 8214 Paris 6s 9714 97 U K 614s. 1921 94 . 9414 U K 514s. 1932 4 95 U K 614s, 1929 8814 88 U K 614s, 1937 8514 85 Coffee Futures Close Higher. NEW YORK, April 6. The market for coffee futures was easier today. First prices were 4 to 7 points lower. There were rallies later on report of renewed Brazilian government buying. The mar ket closed at a net advance of 4 to 6 points. May 6.87c, July 6.26c, September 6.63c, October 6.77c, December 7.00c, January 7.10. March 7.30. Spot coffee quiet, Rio 7s 6140 to 614 Santos as Vftc to 10c. ASSURED WHEAT PRICES DROP RAPIDLY VS CHICAGO MARKET. Metal Market. NEW TORK. April 5. Conner aulet: electrolytic, spot and nearby 12c;. May ana june 13c Iron nominally unchanged. Tin easy; spot and nearby 28.50028.75c; rutures zs.iaei 2.75c. Antimony, spot 6.1205.25c Lead steady, spot 4.25c. . Zlne quiet, East St. Loul spot 4.651 LIVESTOCK PRICES WEAK eteTthetst reaTtin-g 1 to 2 points from CHOICE STEERS ARE QUARTER ton prices in the final hour, when Sumatra Tobacco reacted 61 points, closing at a net loss ot 1. Sales were 585 000 shares. British. French and other Important for eign rates of exchange were variably higher. Greek remittances continued to fall, however, with the Danish rate. Liberty bonds were steady but moat domestic and foreign issues were irregular. Pennsylvania Railroad elfca making an other new quotation at 95. Total sales. par value. $9,575,000. or -nsTxvi rtcw ottotatiONS. Last High. Low. Sale. 88 14 f f 24 2814 Z 122 12114 122 X 4314 4314 Ml 3'. 9214 7714 106 74 LOWER AT YARDS. Heavy Rains Remove Any Likeli hood of Da ma go In Kiddle West;. Last Elds Lowest. CHICAGO, April 5. Wheat dropped to day to the lowest prices touched this sea son by th July delivery. Removal of any likelihood of a dry weather scare was largely resnonaible. The market closed heavy, 1V4 to 414s net lower, with May $1.86 to $1.3614 and July $1.104 to $1.1114. Corn finished unchanged to 14o off and oats at 14 o decline to 14 o advance. In provisions .there were net gains of 214c to 35c Under the bearish Influence of rains in Kansas, Oklahoma and Nebraska, wheat dipped at the start, but quickly rallied, owing to gossip that export interests were contracting . for new wheat. Besides, Washington advices that the emergency tariff bill would receive quick favorable action In the house helped to stimulate buying. In the last hour, however, opin ion became general that rainfall had been so heavy that no lack of moisture would be felt for an Indefinite period. Prices then broke rapidly and finished near the bottom. Corn and oats sympathized with wheat, but in the late trading were steadied by talk of liberal exports of corn. Hogs Sell in Carloads at $11.25. Demand for Sheep and Lambs Is Slow. Sales. 2.500 1,0(10 21 H) 2U0 3.7CIO 900 500 1,300 Oils. LINSEED OIL Raw." In barrels, 94c five-gallon cans, $1.09. Boiled, in barrels, 96c: five-gallon cans. $1.-11. TURPENTINE In drums, 94c; five-gal Ion cans. $1.09. COAL OIL Tank wagon and Iron bar rels. 17 Vic: cases. 30037c. GASOLINE Tank wagons and Iron bar rels, 30c; cases, 4214 c trie Tacoma . Spokane . 743.11S 145,141 1,397,633 S39.667 PORTLAND MARKET QUOTATIONS Grain. Flour and Feed. Merchants' Exchange, noon session. -uia- Mav. I 1.11 1.0014 1.08 14 1.06V4 1.06V4 1.06 80.00 bakers- patent. wheat inrll Hard whit I l 12 '4 Soft white J inti White club 1.004 " Hard winter . ........... 1.0714 Northern spring ........ 1.0714 Ked Walla 1.0714 Oat No. 2 white, fd 30.04 FLOUR Family patents, ,0; blueetem patents. $7.25: vallev $C10; whole wheat. $7; graham. $6 80. i MILLFEED Pricea f. o. b. mill: Mill run. $28 per ton; rolled barley, $40042; Tolled oats. $42; scratch feed, $53 per ton. CORN Whole, $38; cracked. $41 per ton. HAT Buying prices f. o. b. Portland; s'falfa. $19 per ton: cheat. $22023 per ton: clover. $16: valley timothy, $25026; eastern Oregon timothy, $26. ' Dairy and Country Produra. BUTTER Cubes, extra S5c: prints. . parchment wrapped In box lota. 39c; car tons, 40c Sutterfat, buying pries; A SAX FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, F.t. at Ray dry. SAN FRANCISCO. April 5. Vegetables Asparagus, SgSc: squash, cream, 630 75c; potatoes, street prices, rivers No. 1 $1.90 0 2.25; sweet potatoes. $50006.50 new potatoes, 709c; onions, Australian brown. 50c: green. $1.2501.50; celery, $3.5004; garlic 608c; cauliflower. 40 0 75c dozen: cabbage, lo per pound: Den pep pern, Los Angeles. 10625c: turnips, 6Oc0 SI. OO: beets. Il.OO01.nu: parsnips, iitou 2.25: carrot. 75c1.00: pea. 6010c: rhu bsrb. Alameda. $1.2501.75: lettuce. 11.7JB 2.00; artichokes, $5.o0 0 7.00 crate; spin ach. S04c Poultry Hens, 25087c: strictly young roosters. 40 0 44c; old. 20022c; fryers. 65 0 60c: broilers, 40 0 50c: ducks. 80035c; squabs, 60 0 65c; pigeons, $3.00 0 3.50 dosen; Belgian hares. 23025c; JacKraDDits, is.uu 03.50 dozen; turkeys, nominal. Fruit Oranges, navel. S2.U0&4.73 dox lemons. $200 0 3.50; grapefruit, $1.5003.50; tangerines, $1. 50 0 3.50; apples. $1.76 03.00; bananas. 9010c; avocadoea, $4.00 0 8.00; strawberries. Imperial valley and Los An geles. $4.50 crate; Peninsula, $2.000 2.10 drawer. Receipts Flour, 12,476 quarters; wheat. 1640 centals; barley. 7358 centals; oats. 100 centals: beans. 5474 sacks; corn, 950 centals; potatoes, 8082 sacks; hay, 100 tons; hides, 96 bundles; lemons, 800 boxes; live lock, 250 head. QUOTATIONS ON DAIRY PRODUCE. Market Price Ruling on Batter, Cheese and Eggs. . SAN FRANCISCO. April 8. Buttei Kxtras. 87c; prime firsts, 8614c. Eggs Fresh extras, 8lc; extra firsts. 29c; first, nominal; dirties, 28c; extra pullets, 2814c; undersized, 2514c. Cheese Flats, fancy, 23ftc; xiat. rirsts, 2114c; Young America, fancy, 24c; firsts, use CHICAGO,' April 5. Butter, higher. Creamery extraa 49c; standards. 4614c. Eggs, unchanged; 'receipts, 42,595 casea NEW TORK. April 5. Butter, firm: creamery higher than extras, 52 053c; creamery extras, 62c; creamery firsts. 461406114c. Eggs, irregular; fresh-gathered extra firsta 2903Oc; firsts, 26 0 29c Cheese, firm, unchanged. SEATTLE, April 6. Eggs, select local ranch, white shells, 29030c; ditto mixed colors, 27 0 28c; pullets, 23024c. Butter, city creamery In cubes. 42c; bricks or prints, 43c; country creamery extras, cost to jobbers. In cubes, 89c REFERENDUM OS WASHING TON MEASURE PROPOSED. Act of Recent Legislature Dealing With' Children Held Inimical to Public Health. OLTMPIA. Wash., April 4. (Spe cial.) J. W. Gilbert, secretary, and Charles F. Riddell, attorney for the league for conservation of public health, Monday filed a referendum on senate bill 180, which was put through the 1921 legislature, chiefly -by Sen ator Taylor, to prohibit physical ex amination of children in schools of first-class districts when objected to by parents, except when children show visible signs of having conta gious or infectious disease, r In opposing passage of the bill and ,'n seeking a referendum on it medical practitioners declared it Impossible to detect the presence of certain dis eases, such as diphtheria, even when it is In a highly contagious form. without making aa examination of a suspected child's throat. Christian science believers supported the Taylor bill in the legislature. Only the section prohibiting exam ination by the school physician of a suspected child for contagious dis ease is covered by the referendum filed Monday. It was accepted by Sec retary of State Uinkle and if the proponents procure the signatures of 24,000 qualified voters within 90 days after adjournment of the legislature the act will be suspended until passed by the general election of 1922. Water Power Permit Song-ht. ' KELSO. Wash., April E. (Special.) C. I. Kephart has applied for a preliminary permit for the develop ment of water power involving Spirit lake and the Toutle river from 'the lake to section 14, township 9 north, range 4 east, in Skamania and Cow litz counties. Any objections against granting the permit or request for hearing with briefs, or other data should be filed with the executive secretary, federal power commission, Washington, D. C, before May 23. Am Beet 8ug American Can Am Ct A Fdy A H L, pfd Am Inter Corp Americn Loco Am Sm & Kfg Amercn Swear Am Sum Tob 22.200 Am Tel A Tel 1.000 Amer Woolen ,0 Anaconda Cop l.ooo Atchison 1,300 At, Gil W I SS.SOO Baldwin Loco 11.700 Baltl & Ohio 2.100 Beth Stl "B" 6.500 Bt ft Sup Cop 100 Calif Petrolem 2,500 Canad Pacific 400 Centrl Leather 3.100 Chand Motors 4,700 Chesp A Ohio 200 Chi. M & St P 2,900 Chi. R I & P 1,100 Chlno Copper. 800 Corn Products 7,100 Crucible Steel 11, SOO Cuba Cn Sug 2,000 Erie 500 Genrl Electric -SoO Oenerl Motors 81,100 Gt North, pfd 6oO Insprn Copper 200 It Me Wa. pfd 900 Internl Nickel 100 Interntt Paper 5.200 K C Southern 1,200 Kenne Copper 300 86 7914 s 8S 34 oOX 11 44 11314 37 SO 68 2514 20 14 21 73 v4 SB4 21 12 137 14 71 30 5114 14 68 25 17 Hex Petrolem 23.500 139 Miami Copper 200 1714 Mid States Oil 2,100 13 Midvale Steel 2.000 2! Missouri Pacif 200 1714 Y Central 400 CS y. N U & H S.OOO 1. Norfk A West 200 95 North Paclflo 2,4t0 7S Ok Prd A Rtg 700 8 Pan-Am Petri 4.40U 60 Pennsylvania.. 4.9O0 8414 Ray Con Cop 500 1114 Reading 4.400 6S14 Rep Irn & Stl 2.700 6014 Ryl Dtch. N T 8.400 60 Shell Tr A Td 400 40 Sin Oil A Rfg 6.700 234 South Pacific 1.0K 74 South Rallwy 2,000 2014 S O. N J. pfd SOO 108 bkr Corp 49,000 77. Texas Co 8,SM) 4014 Texas & Pacif 200 21 Tobc Products 1.300 46 Transcontl Oil 8,000 10 Union Pacific. i0 11714 U S fa prdts zoo zz U S Ind Alco 700 66 U S Rtl Stores 1.900 49 V S Steel 17,000 81 V 6 Steel, pfd 300 110 Utah Copper. . 6"K) 4 Westrn Union zoo s West Electric 100 47 Willy . Over 1.700 8 BONDS. TJ S 2s reg 99No Pac 4s 75 do coupon ...-wu'A oo as ot do 4s reg...M04Pac TAT 5s...83i Low. 87 28 121 42 41 85 3614 90 71 105 71 85 79 32 86 83 55 11 42 112 85 79 6 24 26 20 72 83 20 11 135 13 71 30 40 14 & 24 17 136 1 13 2S .17 es 16 95 77 3 67 84 11 67 65 69 40 v 22 73 20 107 75 40 20 45 10 116 21 65 49 70 SO '4 110 47 8S 47 8 43 43 36 92 72 103 36 79 34 irr 33 66 11 43 113 3S 7 6S za 26 21 73 85 21 1 137 13 71 80 51 14 57 25 17 139 17 13 20 17 s 16 77 3 6S 84 11 68 6.1 00 40 2314 74 20 76 40 20 46 10 117 Zl 65 4 71 81 110 IS 88 47 S The Chicago market letter received yes terday by the OirdrWlf JLr r..).. nAmn.n of Portland said: . Wheat Sentiment early In the day wa id me ouying side and advanced urpiy win orrerlngs light. About mid day the news took on a bearish onlnr nr. tlcularly on cron reoarta. ani Jniv H. clined auicklv tn a i. a. iuo weuim ot ine livestock margei season, sections of the west anil smith. was still apparent yesterday and trading west where rain was said to be badly In all divisions dragged. Choice steer needed were benefited by rain last night were a quarter lower at 87.75 top and other and again today. The export demand cattle held at Monday' revised quota- showed evidence of being pretty well filled Hons. up as the seaboard reported little demand In the hog market til. 50 was again I and only a few bids at lower prices. Our given as the top, although carloads sold Mr. Inglls, after a trip through southern at 811.25. Drive-Ins brought around $11.40, Kansas, Oklahama and Texas, writes that and it is probable that carloads of the the green-bug menace has practically proper quality would bring the full price. I passeo away ana the crop generally la in Sheep and Iambs were unchanged. Receipts were 98 hogs and 1 cow. The day's sale were as follows: Wt. Prlcel 1 steer.. .1130 6.751 6 steers. .1051 11 steers. . 760 1 steer. . . 780 4 steers. .1170 1 steer... 1140 3 steers. .1053 1 steer... 820 1 cow. .. .1180 1 cow mo 17 COWS. 1 cow. 1 cow. 1 cow. 1 cow. 1 calf., 1 bull.... 1500 2 bulls.. .1ZB0 9 hogs. . . 2 hogs... 3 hogs... 2 hogs... 10 hogs... z noirs... 14 hogs... 4 hogs... 2 hogs.. . 2 hogs... 2 hot-s... 10 hogs... 6.00 6.2o & 802 .1020 . 940 . 930 . 600 320 6.50 6.50 6.50 6.00 4.00 8.75 6.E0 6.50 6.00 6.50 6.00! 4.50, 4.25i 212 11.251 310 9.25 353 7.2, 155 11.40 177 11.15 265 12.00i 132 11.25 230 7.00 80 11.00 2O0 12.00 200 11.50 2 hogs.... 1 hog.. . . , 3 hogs. . . . 4.001257 lambs. ooo nmus, oo 2 lambs. . 75 1 ewe.... 100 3 bucks.. 130 2 steers.. 680 2 steers. . 905 20 steers. .1044 6 steers. . 1246 1 steer... 940 26 steers. . 994 7 cows.. .11.17 8 cows... 1026 3 cows.. .1006 3 cows. . .1103 1 calf.... 170 1 calf.... 190 1 Calf.... 110 2 calves. . 200 3 calves. . 706 1 calf.... 130 5 hoes... 212 12 hogs... 325 4 nogs... oT 6hgos... 184 Wt. Price. 225 811.25 ZOO 223 excellent condition. He says many mills nave snut down, not from lack of wheat, but because of the absence ot flour de mand. This condition exists practically all over the country and is the big factor against enhancement of prices at this 11. 2o time. 11.00 Corn Maintained a strong tone most of o.x I tna seas nn and fnllnwari Iha rtHnA In 8.15 1 wheat toward -the close In a small way. The strength was due largely to an lm- 6.00 t'oS proved feeling in the cash market at 3.00 5.25 6.00 7.13 6.75 8.50 7.25 higher prices and Increasing advices from the oountry that the farmer Is refusing to sell even for deferred shipment. No doubt country - xeeaing win be on an extensive scale at the present level of prices for corn and hogs and this situation is very 5.50 likely to assert itself in the market 6.00 1 little later, although at present the ab- ?.UU I available sunnlv Is keenly felt and a some- 12.00 what further decline propable. 8.00 o.t. Thi. m.rk.r lt .xtlv. atiH 11.50 I htrher earlv In the dav with short cover- 1i. nn ln8 in progress on a liberal scale. Belling 166 11.40136 hogs... 13 o nogs.. . 100 5.00 12.00 11.2 0.25 10.00 11.25 11.25 11.75 cn the bulge was by cash interests and the market receded In sympathy with other grains. Weather and crop reports remain very favorable, Rye Liquidation of May contracts was arain the - outstanding feature and the market had a decidedly weak undertone. The following prices are current at the I Considerable of the selling wa credited local yards: Prices Choice steers 7.50(8 7.75 Medium to good stera 7.li 7 so fair lu uieuium steers........ o.uugp 6.10 Common to good sters 5.00 6 00 Choice cows and heifers 6.00(a) 6 75 Medium to god cwoa, heifers.. &.50 6 00 Fair to medium cows, heifers 6.00 5.50 Common tO fair COWS hAlfrfl A IWlfil R OO Canners 250 4 00 Bulls Choice dairy calves Prime lle-ht calves Heavy calves Best feeders Fair to good feeders Hoira Prime light Smooth heavy Rough hevay Stags rat pigs ....i Feeder uigs ..' . Sheep Prime east-of-mountaln lambs Valley- lambs Heavy lambs, 90 lbs, and up.. Feeder lambs Cull lambs ........ .. Yearlings Wethers Ewes 3.50O 5.00 ' 12.50 ( 13. 00 JU'y 11 00ffll2 50 6.00 7.50 May 6.00 6.50 JUty S.00 4J 6.O0 Hit ll.UUKJ'll.DU I v.ww uuiy 11.00 011.50 11.50 0112.00 7.00 m 8.00 5.00 6.25 .6.00 6.00 6.00 6.00 4.00 5.00 5.50 6.00 5.00 5.75 1.50 6.00 17.75 17.75 10.55 10.95 10.0T 10.45 do cv 4s cpn.104 Pan 3s reg 78 do ss cpn. ...-! A T A T cv 8s.. 99 Atchen gen 4s. 76 Dsn cons 4. 64 NYC deb 6a. . 88 Penn con 4.. 86 So Pac cv 6s...t91 So Ry 6s ..-....88 Union Pac 4s. .. 80 U S Steel 5s.... 85 Bid. tAsked. Mining Stocks at Boston. BOSTON. April 5. Closing quotations: Allouez iioia Mm it Ariz Com 7 al ft Hecla 210 Centennial .... 8 Cop Range Con. 30 Osceola Quincy . Superior Sup A Bo Min. 23 37 8 1 K Rntte Con M. 7'Shannon ....... 1 Franklin l'L'tah Cons 8 Isle Rovale 17 winona mi Lake Copper .. 2Wolverine 10 Mohawk 44 Granby con ... zo No Butte ...... 8iureene uananea. is ' Liberty Bond Quotations. NEW YORK. April 4. Liberty bond quotations closed das follows: , 8s 90.24iThlrd 414 90.32 First 4s H7.KO'r'ourtn s ...isi.ib Second 4s R7.00 Vlctory 8s ...97.5t First 4s 87.6NlVictory 4s ...97.63 Second 4s ...7.izi Swift Co. Stocks. Closing prices for Swift & Co. stocks of Chicago were reported by the Overbeck & Cooke company ot. Portland as follows: Swift & Co 101 Llbby, McNeil A Libby 10 National Lnather 8 Swift International 25 Money, Silver, Etc NEW TORK. April 5. Prime mercan tile paper. 7p7V per cent. Time loans steady: 60 days, 90 days and months. 67 per cent. Call money easier: highest, 6 per cent: lowest, 5 per cent; ruling rate, 6 per cent; eloping bid, 6. per cent, offered ,-at mr win, imi iui.ii, w 7S V1 voiiv. Bar silver Domestic, 99c; foreign. 56c Mexican dollars, 43 e. LONDON, April 5. Bar silver, 33d per ounce. Money, 5 per cent. Discount rates Short bills, 56 per cent Foreign Exchange. Foreign exchange rates at close of busi ness yesterday, furnished by Northwestern National bank of Portland. The amount quoted Is the equivalent of the foreign unit in United States funds: Austria, kronen S0.0O33 Belgium, francs 0738 Bulgaria, leva , Czecho-Slovakia, kronen 0141 Denmark, kroner .1794 England, pound sterling 8.93 Chicago Livestock Market. CHICAGO. Aorll 5. Cattle Roc.lntu 9000. Beef steers onened alow, atnailv rn lower; eany lop, OUIK, sg.2d 9.50; butcher she stock opened steady; undertone weax; duik lac cows and hellers. so.zaA0 7.oo: bulk bolognas almost un liable: others steady: bulk beef hnlls J.i.2o6.2.i; calves steady: bulk vealer. ii..-rgi8.uu; stockers and feeders steady. Hogs Receipts, 17,000. Slow. Lights j'gi.c nigner; otners uneven, steady to 10c higher; mostly steady with yesterday's average: top. 11025: bulk 200 pounds aown, sto.wvTiu.zii: ouik zzu pounds uo. fH.8UftTV.oo; pips scarce, strong to 25c high er: duik oesiraoie, siu.uuBiiu.za. Sheep Receipts. 16.000. Lambs steady to -oc higher; sheep steady; wooled lambs. top, $9.75: bulk, S.759.50; shorn, top. in.uu; duik, ts.uuwft. u; good 106-pound shorn yearlings, 86.40; choice 172-pound wethers, $6.75; ewes scarce; wooled, top, $0.50; choice 100-pound shorn ewes, $3.65 Omaha Livestock Market. OMAHA. April 5. Hogs Receipts. 8500. Generally steady. Bulk medium and light I corn 4, toats 13 butchers, $S.859.25; top.. $9.35;- bulk strong weight butchers. 250 pounds and over. JS.404iS.su: packing grades. S8.00 S.Zii. Cattle Receipts. 6300. Beef steers and she stock slow, steady to 25c lower; bulls dull; veals weak to ouc lower; stockers and feeders steady to weak. to export Interests. Cash rye was rela tively steady at 10 cent over May for No. 2 on track. Leading futures ranged as follows: WHEAT. Open. High. Low. Close. May $1.38 $1.40 $1-35 11.38 JUly .1.14 1.11 1.1V7 1..LV-M - . CORN. ........ .80 .61 .89 .591 ......... .63 .64 .63 .63 OATS. .87 .38 .87 .87 , .87 .89 .38 .38 PORK. .......17.87 17.87 LARD. 10.47 10.72 10.47 10.90 11.10 10.90 SHORT RIBS. May .4. 10.10 10.25 10.07 July ........10.60 10.70 10.45 Casn prices were as aunuwo. Wheat No. 2 red, $1.46 1.60; No. 2 hard. $1.52. Com NO. 1 mixea, ouc; no. t yel low. 59c. . Oats No.- 3 wmte, sswoo; o white, 8737c. Rye No. 2. $1.43. Barley 59 75c. Timothy seed $45.50. . Clovereed $1216. Pork Nominal. Lard 810.80. Ribs $8.75610.50. Minneapolis Grain Market. MINNEAPOLIS, April 6 Cash wheat closed: No. 1 dark northern fancy. $1.63 1.68; No. 1. $1.501.60; No. 2. $1.42l57; No. 8. 81.81 1.48 ; No. 1 northern, $1.45 1.53 ; No. 2. $1.371.46: No. 8. $1.291.41: No. 2 red spring, $1.33 1.88 ; No. 8, $1.28 6 1.83-; No. 1 dark hard Mon tana, $1.601.63; No. 1 Durum, $1.39 1.43; no. z, (i.Mxwt.'vti; ino. o, $1.311.36: barley, 477c; flax. No. 1. 1.371.60. - futures wneau Aiay, ii.Ani duiJi $1.25. '. - i Primary Receipts. CHTCAGO. April 5. Car receipts- Minneapolis Wheat 206, corn 4. oats 8, barley 10, rye 8. flax 7; Duluth Wheat 63. rye zz, liar l. clear- ciaL Lieutenant - Governor William J. Coyle, former football star at the University of Washington, 'will be the sneaker at a big meeting to be given by Captain Green Post, Ameri can Legion, at the Legion pavilion, Sunday, April 10. The housewarming is to be held on the open house plan and everyone is invited. ENGINEERING UNITY VITAL Co-operation Urged Between State College and Road Builders. OREGON AGRICULTURAL COL LEGE, Corvallis. April 6. (Special.) Constant co-operation between the Oregon Agricultural college school of engineering and the state highway ch.-.pter of the American Association of Engineers will be beneficial to both organizations and to the state, wa the expressed opinion of speakers at the engineers' dinner at Waldo halL "The association needs the college and the college needs the influence of the association," was the way O. Laurgaard, city engineer of Portland, stated the situation. C H. Whitmore of Portland, new president of the association, presided over the business meeting, following the dinner. Kenneth Hall, Albert M. Amort and W. A. Reeves, all .of Sa lem, were elected certified members. Astoria was chosen for the next meeting place of the highway engineers. STATE FRUIT FOR EUROPE 1,150,000 Pounds of Oregon Prunes to Go to German yv, SALEM. Or., April 5. (Special.) The W. F. Drager Fruit company of Ralem .tr.Hnv eomDleted a deal where by it will ship to Germany approxi- j mately 1.460.000 pounds of prunes as sembled in the states of Oregon and Washington. . Of the total tonnage, 1,025,000 pounds of the prunes were purchased by the Drager Fruit company from the Oregon Growers Co-operative as sociation, 300,000 pounds from the Washington Growers' , Co-operative association and 125,000 pounds from the Dundee Prune Growers' associa tion. The prunes will be shipped dur. Ing the present month ia Portland. The sale of thesj prunes practically cleans up the smaller sizes of the 1920 crop, according to representatives of the Drager Fruit company. MEWBERG LETS CONTRACT Seven Miles of Concrete Walks to . . . Be Laid Soon. N WW BERG, Or.. April 5. (Special.) At the meeting of the city council wast night plans and specifications presented by the city engineer for construction of about seven miles of concrete sidewalks to replace board walks in Newberg were approved and the sidewalks ordered. Bids from the Warren Construction company for the widening and pav ing of several streets were accepted, and this work will be commenced in the near future. Newberg has begun a large Improvement campaign this spring and work has already . been started by contractors on several streets. By fall Newberg is expected to have as good a street system as any city in the state. No. S of a Series Enhancement in Value You may reasonably look for material increase in the value of your holdings of Portland Flouring Mils Company First Mortgage 8 bonds because the tendency of interest rates is downward, not upward. In two years the rate has risen from a 6 to an 8 basis. If, in two years more, the rate should recede even to 7, other things being equal, these bonds should sell for around 108. Phone Main 8183 for additional in formation today -or, better etill, call at our office and talk it over. Bivm Witter. & Co. Ycon Bldg., PORTLAND SEATTLE - 5AM nUKCISCO-105 ANGELES- KtW Y01UC Xational Guardsmen Outfitted. PROSSER, Wash., April S. (Spe clal.) Four Browning machine guns have arrived with several rounds of ammunition, so when the government target range is selected practice will be had by national guardsmen in the operation of these guns as well as with the rifles. Full equipment, ot tents, camp outfits, clothing and bed ding has been received.- The com pany expects to leave for camp June 12 and return June 28. ances Wheat, 373,000 bushels; corn, 24-i,- ooo Dusneisi oats,- n,oou ousneis; liour, 14,000 barrels; Winnipeg Grata Market. - WrNOTPEQ. April S. Cash wheat No. 1 northern. 1.7i; No. 2, $1,761,; No. 8. SheepReceipts, 9000. Lambs mostly U1.T2: No. 4, 1.62i; No. 6, $1.33; 23c higher; early top, $9.35; sheep and feeders strong; no choice ewea here; Idaho leeding lamhs, ss.i-ssrs.ao. Kansas City Livestock Market. KANSAS CITST. Mo.. AdHI 5. Cattle Receipts. 12.200. Beef steers steady to 25c lower; in-oetween Kinas weakest; top. SU.15: bulk. iS.009.0O: fat she stock steady to 25c lower; best heifers, $8.35; choice cows. 17.00; bulls slow and weak; all other classes uneven, but mostly steady; i.ooa ana choice calves, xi.uo'iih.oo. Sheep Receipts, 60 00. Killing classes steady; handy-weight yearlings, $8.00; 78- pound lambs, $9.00. OH ; July, No. 6, $1.30: feed, $1.29 Futures Wheat, Hay, $1. $1.4SVs. Grain at San Francisco. SAX - FRANCI-SCO, April 6. Grain- Wheat, milling, $2.3592.-45; feed, $2,300 2.40; barley, feed, li.10irl.lS; shipping, $1.20 1.40; - oats,- red teed, $1.45A1.55; corn, wh.te Egyptian, 1. 601.00; red mllo, $1.T51.60; rye, nominal. Hay Wheat, $20921; tame oats, $170 19; wild oats, $12615; barley, $1215; allaila, stocK, io14. Seattle Livestock Market. SEATTLE, Wash., April 8. Hogs Tie- vhl,- and soft whits ceipis, none. Dieaay. x-nma, iii.dvfv 12.00; smooth heavies, $10.5019 11.50; rough heavies. s.i0i).l0; pigs, u.ooll.ao. Cattle Receipts, none, steady, steers. I8.006r8.50: medium to ti.oui7.50: common to good. $4.50(o)5.50: best cows and heifers. $7.00ft7.50; medium tr choice. Sa.ooero.au: common to good. $4.005.00; bulls, $4.50:1.50; calves, light, yil.0Or'l-.u; Heavy, o.ovai i.ou. Naval Stores. SAVANNAH, April S. Turpentine dull, Seattle Grain Market. SEATTLE, April S. Wheat Hard $1.10: hard red winter, soft red winter, northern spring. eastern red Walla. $1.08; Big Bend blue- Prim. , -.... fhnLfm I -iiy aeiiery; recu ouraicn xeea, ; myiyo, I v . . , , ti . . i . - - . 11 grain chop, 144; oats, $44; rolled oats, $44; sprouting oats, $48; rolled barley, $48; clipped barley, $48; milled feed, $3; bran, $32;. whole corn, $40; cracked corn, $42. tiay Allaire, tn: double compressed airaiia, M; onto timothy, w, eastern .0135fi2Mc; no sales; receipts 292; shipments I Washington mixed, $32; straw, $24: Puget Hill I A. .,..1. K I W . ? A I .Aiinrf .Mslfa fH Belgium rest 5s Belgium prem 5s German W. L. bs........ BArlin 4s r-loyed in the automotive industry in j gSr? 44s" Fiance. I LeiDsis: 41sts'. .211111111! More than 200,000 persons are em. Finland, finmark 027 France, francs 0708 Germany, marks .0108 Greece, drachmas .0756 Holland, guilders 3404 Hungary, kronen 004 Italy, lire .0421 Jugo-Slavia, kronen 0078 Norway, kroner 1R06 Portugal, escudos .0M9 Roumanla, lei .0148 Serbia, dlnera 0204 Spain, pesetas 1405 Sweden, kroner .2354 Switzerland, rrancs 174 China Hongkong, local currency.. .4735 Shanghai, taels 64 Japan, yea .485 ' NEW TORK, April 5. Exchange firm. Sterling, demand, $3 01: do. cables. $3.92H; rrancs, demand, 7.03c; do, cables, 7.05c: Belgian francs, demand. 7.34c: do. cables, 7.3Sc; guilders, demand, 34.45c; do. cables. 34.00c; lire, demand, 4.17c; do, ca bles, 4.19; marks, demand, 1.62c; do, ca bles, 1.63c; Greece, demand, 7.30c; Argen tine, demand, S5.aoc; Brazilian, demand. 14.50c Montreal,' 10 H per cent discount. Foreign Bonds. Foreign bond quotations furnished by the Overbeck A cooke company ot Portland: Bid. Ask. Russisn t is Russian SSjS. 1926 12 Russian 6H. 1919 20 French 5a 1931 54 Italian 5a 1918 30 British 5s. 1927 872 British 5a 1928 370 British vky 4s 209 British ret 4s....... 269 66K 70 12H 12 4: stock 5007. Rosin lirm, sales 144; receipts osi; shlrments. none: stock, 81,741. Quote: $4.; WW $4.25. Cotton Market. NEW TORK, April 5. Spot Ci Steady; middling 11.90c. Dried Fruit at New Tork. NEW TORK, April 3. Evaporated apples firm; prunes easy; peaches dull. Now Tork Sugar Market. NEW TORK. April . Raw sugar. 6.27c for centrifugal; refined, 8.00c for fine granulated. sound alfalfa, $30. Duluth Linseed Market. DULUTH. April 6. Linseed, en track. $l.o4K&1.56H; to arrive, $1.53. 14-4 14 !A 21 14 22 65 14 80 884 . 882 811 281 68 72 13 13 15Vi 154 15 1 ROAD CROSSINGS SOUGHT Public Service Commission to Hear Applications Tomorrow. ETJGENB, Or.. April 5. (Special.) Application to establish four grade crossings over the Southern Paclflo tracks in Lane county will be heard by the state public service commis sion here Thursday. One of the proposed crossings is at the George McLean place, a mile north of fjreswell, and another is at the J. W. Rickets place, two miles north of Creswell, both over the main line of the railway. A third is at Marcola, over the Wendling branch, and the fourth Is aC Maywood, on the Coos Bay branch. Phone your want ads to The Ore- gonian. Main 7070, Automatic 660-9.H OUTING SITES LAID OUT Plats in Cascade Xational Forest Ideal for Snmmer Homes. EUGENE, Or., April 5. (Special.) Summer homesltes on Salmon creek. Just above Oakridge, in the . Cascade national forest, have been laid out and a plat is being made in the of fice of the forest service in this city. The area contains 22 sites,, each 200 feet wide and their length varying 1 according to the course of the creek upon which they abut, . . This area is above and adjoining the Flat Creek ranger station, a mile above Oakridge. Those who have seen the sites say the location is ideal for nummer homes. - Destroyers Pass Marshfield. MARSHFIELD, Or., April 5. (Spe cials) Six of Uncle Sam s destroyers passed this port late In the afternoon. according to the coast guard report Four or .the. cratt came along- at ' o'clock and at 4:30 two more fol lowed, all bound southward. DAILY METEOROLOGICAL REPORT. PORTLAND. April 6. Highest tem perature. 64 degrees: loweot. 41. River reading at 8 A. M., 7 2 feet; change in last 24 hours, 0.1 foot rise. Total rainfall (5 P. M. to 5 P. M ), 0.03 Inches; total rainfall since September 1. 1920,- 41.37 Inches: normal rainfall since September 1 .37.31 inches; excess of rainfall since Sep tember 1, 1020, 4.06 inches. Sunrise, 5:43 A. M. ; sunset, 6:44 P. M. ; total sunshine, 6 hours and 17 minutes; possible sun shine, 33 hours and 1 minute. Moonset, Wednesday. 5:21 P. M. ; moonriae. Thurs day, 5:16 A M. Barometer (reduced to sea level) 5 F. 11., au.'4 incnes. Keiative humidity: 5 A. M., 85 per cent; noon, 61 per cent; 5 P. M... 48 per cent. THE WEATHER. STATION3. Baker Boise ....... Boston CalRary Chicago Denver Des Moines. . Eureka Galveston ... Helena ..... Juneaut -. Kansas .City. Los Angeles. Marshfield . lied ford .... Minneapolis . New Orleans New Tork... North Head. Phoenix ... Pooatello Portland .. Roseburs . Sacramento St. Louis... Salt Lake... San Diego. San Fran... Seattle .... Sltkat Spokane ... Tacoma .... Tatoosh Isl . Vaidest .... Walla Walla Washington Winnipeg ... Taklma iSI 42;0.0020lNWrClouuy 34 48,0.00 ZOiNWKTIOUdy 441 7O 0.UO . ,N 20 3 0 0.00 lOj.NE 68 78i0.0012l3 3 5S;0.00i2Oi.V 6tM 72 0.00110 S 6O,0.00'2Ol.V 72 0.82 18l.SE Wind Weather. 32 O.O81 !J40 0.24 4720.0O 62 0.00 64IO.OO 12 NW 10?E .. SW .NW 8SIO.OOL12I.VW 74IU.2BI. .) 7Si0.00. . SB U.0O 30 S 48,0.04 l: H2I0.0VI. 8011.081. 54:o.o:n. 5010.00 . . 64 0.00!12 78 0.00120 60 0.0: 64. 0.OO 52 0.00 t42,O.OOj.. 50 0.00 52(0.00 4810.00 13&t0.04 780.00 300.14 W w N-W NW NWi 8 NW ifW 10 NW SB N k'lear ft. cloudy Pt. cloudy K'loudy t't. cioudy Mear . icioudy Snow Cloudy Cloudy Clear tClear fclear Rain KJlear (Clear loiear Pt cloudy Snow (Cloudy ri. ciouoy Clear Pt. cloudy ISnow iCiear SCHOOLS City of Calgary .Alberta (Population 70,000) Due 1923 ONDS TO NET. ! 8: School bonds constitute' an investment of proven safety and, at such a high yield, these bonds are AN EXCEPTIONAL BUY CERTAIN NOT TO BE AVAILABLE LONG romD KEELER BROTHERS Investment Securities UNITED STATES NATIONAL BANK BUILDING Broadway 5800 AREFUL INVESTORS should pur chase securities from an institution whose character, stability and manage ment are an assurance of continued pro tection to its customers. This bank maintains its Bond Depart ment to afford you that assurance and protection in making safe investments. Two Buildings Burned. FOREST GROVE. Or.. April 5. fSnorlnl 1 Fire ' early . Sunday de- atroyed the Burnewortb, aecond-hand store and practically destroyed the Kasmusen feed atore. The alarm was turned in about S A. M., when both buildings were burning. The loss, which was heavy, was covered to gome extent by insurance.- Switzerland Is believed to have greater proportion of deaf tnutes than anr other dvinaea nation snout, tu to each 100,000 residents, compare? with 19 elsewhere In Europe and 6 ; In America. ' ' W talear Clear ICiear ft. cloudy NE (Clear NW LN NW SB NW Clear tenofr Cloudy Clear Cloudy 58iO.OO:18.!NWrClear MINING MEN ATTENTION We will consider any rea sonable arrangement with re sponsible mining interests who can 'take over and operate California gold property. This mine is owned by east e r n e r s,' not experienced in mining, and, although not op erating at present, has been a good producer. ROSE GOLD MINING & MILLING CO. 1115 N. W. Bank Bldg. Phone Main 9110 tA. M. today. ceedlng day. tS. It. report of pro- FORECASTS. ' Portland and vicinity Wednesday, fair; northwesterly winds. Oregon and Washington Wednesday, fair; heavy to killing frost east portion; moderate northwesterly wlnda Fishermen Slaking Good Catches KELSO, Wash, April 6. (Special.) -Local fishermen are making splen did catches In nearby streams since the opening of .the trout fishing sea son April 1. Two men caught El trout in the Kalama river one after noon. Many good catches were made on the Kalama river. Goble creek, Owl creek and other streams. Lieutenant-Governor to Attend. PKOSSER, Wash.. April 5. (Spe- HERRIN & RHODES, Inc. (Established 1886) BROKERS MEMBERS CRICAGO BOARD OF TRADE. Correapoadeata, E. F. HUTTOJI CO. Members New York Stock Ex change. Private Leased Wirea Direct to All Security and Com modity Markets. LIBERTY AND VICTORY BONDS BOUGHT AND SOLD MAIN 283 and 284 201-8 RAILWAY BACH. BLDG. Garden Hose and Pavement After 3 yearn" use of ils rub ber hose, back and forth, to sprinkle front and back lawn. It was replaced by new hose ex actly the same. But It wore out in one season. And he won dered why, until he finally realized the old hose had been dragged over a resilient sur face and the new one over his newly birilt cement driveway. That's one reason, namely, the great saving In tire wear, why motorists prefer the resilient, bituminous pavement known as WARRENITE BITULITHIC Kelly -Springfield Tire The motor and tire stocks are now the outstanding features of the stock mar ket and many issues' in these groups have made substantial gains the past few weeks. - . Kelly-Springfield has had bo advance of consequence as yet and we have pre pared a special report on that stock, which is as In teresting as it is timely. . Write for circular r0-iC Sent free upon request. CflRRLE5RClflRK5DN-llf 66 BROADWAY NEW YORK TIPH0NES:RECT0R 4663-4 FIRST MORTGAGES TO NET I 7 S Secured by high-grade city 1. and farm property. - - Denominations $100 aad nn- ZZ.: S ward. SS", Western Bond & ffi I Mortgage Co. j - t, ' '. Ground Floor ' ; - Broad of Trade Bid. Sl - Mala 113 80 Foarth tt. .flllillllilllllllllllllllllllllllllilllllllli?.: