Morning Oregonian. (Portland, Or.) 1861-1937, April 08, 1921, Image 21

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Morning Oregonian., April 08, 1921, Page 21, Image 21

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Newspaper Page Text21 THE MORNING OREGONTAN, FRIDAY, APRIL 8, 1921 ORDERS ARE LACKING FOR NEW CLIP WOOL Small Amount Already Shorn in Arlington Section. WO BUYING YET IN YAKIMA Three Cars Are Shipped East on Consignment Dealers Making Offers in Southwest. Wool men In this territory still find It Impossible to operer because of the ab ence of eastern orders. Reports are com tng alone that more mills In the east are resuming and this offers encouragement, but prices are no better at any point and demand for northwestern wool is lacking. 6erreral local buyers have visited the Takima section, where shearing is under way, but they did nothing but look around. Three cars of Takima wool were shipped east on consignment and this is the only snovement of anr kind to date. A little wool probably 50.000 pounds, baa been shorn In the vicinity of Arlington. Condon sheep men will begin shearing In two weeks and shearing will stcrt Shaniko about May 1. Wool buyers have entered the market In Axixona, where shearing is being done, an . are reported to be offering 15-cent advances. As It has been the custom to advance about 60 per cent of the value of the wool, the Arizona growers, there tore, believe they may expect around 30 cents for standard wools In the grease. Shearing has started In Utah, but no buying has been reported. Small lots of new clip southern "Texas wool have reached the Boston market. During the month of February a num ber of hurried shipments of wool were mads to the United States from Australia, according to reports from the American consul at Melbourne. The steamer Cana dian Prospector carried 16.276 bales weighing about 4,821,175 pounds. The ap proximate value of this single consign ment was over $2,000,000 (converted rate $4.86). This shipment was made to Se attle with the understanding that the wool would be entered immediately. On the other hand, the Review of the River Flats states that more than half of the Argentine wool exports for the month of January were shipped to the United States, 15,927 bales weighing about 14.748.402 pounds. This Indicates the extent of American operations In that country. Although wool Imports during the first two months of the current year were large, consumption during ths same two months is estimated at 56 per cent less than during the corresponding months of 1020. The consumption of wool In the United States during ths first two months of 1920 amounted to 136.400.000 pounds, as compared with the estimated ' consumption of 60.000,000 pounds during the same months of 1921. The wool im ports of the United States dropped from 41,000.000 pounds in January. 1920, to 25,000.000 In February, but rose again to 63.000,000 pounds In April. In May of the same year there was a decided slump in the world wool markets and Imports fell to 13,000.000 pounds. Sine that time there have been rather wide fluctuations In the Import figures. Imports for the first five months of 192C were 105,158.530 pounds, as compared with 89,706,670 pounds for the remaining seven months. This makes a total of 254,0: 208 pounds. The total exports for- the same period were 9.050.436 pounds, leaving a net Import of 243,874,773 pounds. This Is exclusive of wool from the Angora goat and represents only the first, second and third class wools. sales showed approximately the following decreases: Cattle hides, 500.000; calf and kip skins, 100.000; sheep and lamb '-Ins, 600.000. Stocks on hand on January 31, 1921 and 1926k were officially reported as follows: Jan. 31. Jan. 31, 1921. 1920. Cattle hides 7.899.138 6.733,360 Calf and kip skins.... 4,468,610 2.956,556 c-neep and lamb skins. 13,184.053 8,902,067 BUTTER GOES SLOW AT ADVANCE Dealers Believe Decline in Market Is Not Far Away. ' The S-cent advance in print butter yes terday naturally did not stimulate the local movement. The slower demand and the fact that eastern markets declined led dealers to believe that prices here would have to fall back in the near future. Cubes cleaned up fairly well and extras sold at 36 37 cents. A decline of 5 cents a pound In Tillamook cheese prices was announced. Two cars of ergs were shipped out yes terday, one going to Seattle and one to Spokane. The remainder of the surplus went Into storage. Buyers' offers to coun try shippers were unchanged at 18 cents for case count and 20 cents for clean. I Poultry arrivals were light and the mar ket was firmer, heavy hens selling at 26 cents and light hens at 21 cents. Veal was firm at 16 cents with small re celpts. Pork was slow and unchanged at 16 cents. STOCK LEADERS LOWER LABOR SITUATION ABROAD AXD HERE CACSES SALES. Canada and China Supply Fgga. Egg Imports In February, according to government reports, were 629.677 dozen, against 174,349 dozen in the same month last year. For the first two months ot this year Imports were 1,895,390 dozen. The February imports were from the fol lowing countries: Dozen. Canada 249,843 Argentina 51,000 China 203,770 Hongkong 26.704 Japan ... US, -'in Australia 100 'o More Louisiana Berries. No more Louisiana strawberries will be brought to Portland. The berry market has advanced In that state and .with the high freight rate the price here would be prohibitive. It will be about three weeks before southern California strawberrtai be gin to arrive in quantity. WHEAT TRADING OS LARGER SCALE Bids Are Advanced One to Two Cent at Country Points. The. tone of the wheat market was much steadier yesterday. Blda sent into the country were 1 to 2 cents higher than on the previous day, - and the amount of wheat that changed handa was reported to be fairly large. At the Merchants'. Exchange, April bids for club were raised 1V4 cents and hard white and the other grades were half a cent higher than on Wednesday. April white oats advanced $1, but the lay delivery was 11.50 lower on bid. According to Broomhall's cable, Poland la buying Argentine wheat. A cargo of plate wheat was purchased for Danzig at 1 1.98 H c i. t. and a large cargo of Danu- biaa corn to ths continent at 11.08 per Dusnei cut. Argentine shipments this week are es timated at 3,700.000 bushels wheat. 400. 000 bushels corn, 500,000 bushels oats and 1.400,000 bushels linseed. San Francisco stocks of grain In ware bouses and on wharves on April 1: Wheat 30.236 tons vs. 31.600 tons: barley 21.893 tone vs. 20.615 tons; oats 515 tons vs. 1256 tons; corn 4C0 tons va 651 tons; bran 45 tons va 32 tons; beans 147,503 sacks va 208.223 sacks. Receipts during March wneat 4062 tons; barley 27.578 tons; oats 73S tons; corn 1353 tons: bran 217 tons; bar 4802 tons: beans 51,518 sacks. Terminal receipts. In cars, were reported by the Merchants Exchange as follows: Portland- Thursday .... Tear ago .. Season to date Year ago Tacoma Wednesday .. Year ago .. Season to date Year ago... Seattle Wednesday ... Year aico.... eason to date Year ago..., Wheat. Bar.Flr.Oats.Hay. n ... a o 1 10 ... 5 1 2 . .13 X1 I 227 KQ 482 2125 .. 7,621 171 3496 421 1U39 4 8 4.014 6.301 9 13 ... 48 823 125 79 2791 168 1 1 11 2 4 834 769 .. 4,126 199 830 888 1217 o, ! Z3 i3S 631 1133 WOOL GROWERS ORGANIZING Rational Organization Preparing to Launch Campaign. Wool growers throughout the United States are taking immediate steps to or ganise a campaign on virgin wool clothing. The plans call for legislation requiring ail elothing manufacturers to label each suit and give its contents of "shoddy." "re worked wool," "percentage of cotton con tained or "all virgin wool" as the case sear be. The purpose of the campaign in which many dealers are Joining, is to increase wool consumption and demand, to safe guard the buying public, to expedite the enforcement of tariff laws and to prevent the annual Importation of shiplosds ot wool rags shipped to this country from Europe for the express purpose of making ahoddy cloth. The movement is gaining in momentum throughout the country and. according to the wool men. has been made necessary, due to the fact that thousands of tons of the cheaper shoddy and re worked wool have been substituted for virgin wool during the last two years. The Brownsville Woolen Mills, local clothing manufacturers and Jobbers have recently taken up this campaign and it Is said that other stores snd wool producers generally throughout the stats will take an active Interest in it. BIDE AND SKfl MARKET NOMINAL Domeetlo Stocks Are Much Larger Than Year Ago. The market for hides and skins contin ues weak and prices are almost nominal. Country hides are even slower than pack era According to figures compiled by the bureau of census, sales In January were the lightest during the past four montha Compared with December, 1920, January . ' Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland 16.104.329 33S0.182 Seattle 4.475.n"7 T2.Ji" Tacoma 600,704 1 28,722 Spokane 1.347,781 98,717 PORTLAND MARKET QUOTATIONS Grain, Flour and Feed. Jderchants Exchange, soon session. Bid Wheat April. May. Hard white S 1.13 1 1.12 Sort white 1.12 i.ii White club 1.11 1.10 Hard winter 1.08 1.07 Northern spring 1.08 1.07 Red Walla, 1.08 1.07 Oats No. 2 white feed 80.00 27.50 FLOUR Family patents. $8.60: bakers' hard wheat. IS; bluestem patents. 17.50 valley bakers, so.bu; bakers' straights. 16.50; whole wneat, it: granam, iti.ttu. MlLLrfeBU trices x. o. b. mill: Mill- run. (28 per ton: rolled barley, S40&42; rolled oats, 142; scratch feed, $53 per ton. CORN Whole, $38; cracked, $41 per ton. HAY Buying prices f. o. b. Portland; alfalfa, $19 per ton; cheat, S22(j23 per ton; clover. $16; valley timothy, $2526; eastern Oregon timotny, -'. Dairy and Country Produce. BUTTER Cubes, extras. 37c: prints. parchment wrapped in box lots. 42c: car tons. 3c. jiuiteriai, ouying price: A grade, 38c; B grade, 86c; Portland delivery. EGOS Buying prices, clean, 20c: case count. 18c delivered; jobbing prices to re- alters, candled rancn, 23gi2tic; selects. u if 28C. CHEESE Tillamook triplets, price to jobbers f. o. b. Tillamook, 2Sc; Young Americas. 29c lb. POULTRY Hens, 2126o lb.; ducks, nominal; geese, nominal; turkeys, nominal. PORK Fancy, 16c per pound. VEALi Fancy, 16c per pound. Fruits and Vegetables. FRUITS Navel oranges, $3.ob5.50 box: lemons. $3.50 Sr 4.75; grapefruit. $3.258.23 per box; bananas, 10llo per pound; ap- p.es. $1.3.)ip4 per box. VEGETABLES Cabbage. 2o per pound: lettuce, $3.50w4.io per crate; car rots, $1.25 per sack: garlic, 1520c pound; beets, $1.25 per sack; cauliflower, $1.50 per crate; celery, $66'6.50 per crate; green peppers. 3064Ac per pound; rhubarb, lot per pound; spinach, 8o9c per pound; turnips, $1.50fel2 per sack; sprouts, 202&c per pound; tomatoes, Sj per lug; cu cumbers. $23 per dozen; peas, 1415x pound; asparagus, 12ftarl3c per pound. POTATOES Oregon. $1L25 per 100 pounds; Yakima, $1.501.75; sweet pota toes. $3.50 per hamper. ONIONS Oregon, 75c ? $1.25 per sack. Staple Groceries. , , Local lobbing quotations: SUGAR (sack basis) Cane granulated 9e per pound; beet, 9.15c per pound. NUTS Walnuts, 223&c pound; Brazil nuts, 27c; filberts, 12c; almonds, 2829c; peanuts, 7&10c per pound; cocoanuts, $2 per dozen. HONEY Comb, 17.75 per case. RICE Blue Rose, 6!o pound; Japan style, 4c per pound, BEANS Small white, 5c; large white. nc; pina, l Ytc: lima, site; Dayou, liftc red, 7f4c per pound. COFFEE Roasted, bulk, in drums, 14 0 ,sflc per pound. SALT Granulated, bale, $3.5094.25 half ground, ton. 60a, $17.75; 100s, (15.50: lump rock., $28. DRIED FRUITS Italian prunes, e pound; dates, $4.25 a 6.85 per box; figs, $2 it 5.25 per box. Provisions. HAMS All sizes, 30 87c; skinned, 260 86c; picnic, liz19c; cottage roll. 80c. BACON Fancy. 43ljj53c; choice, 300 35c; standard. 26i28c LARD Pure, tierces,. 17c pound; com pound, tierces. 12c. DRY SALT Backs, 22025c; plates, 18c. Oils. LINSEED OIL Raw. In barrels, 4c; five-gallon cans. $1.09. Boiled, in barrela 96c: five-gallon cans, $1.11. TURPENTINE in drums, 4c; rive-gal-lon cans. $1.09. COAL OIL Tank wagons and Iron bar rels, 17Hc; cases, 30 & 37c GASOLINE Tank wagons and iron bar rels, 80c; cases, 42 He Wool, Hops, Etc WOOL Nominal. TALLOW No. 1. 3 "A 4c: No. 2, 2 So per pound. CASCAKA BARK 1920 peel, 7C pound; new peel. 6c pound. HOPS 1920 crop, 15920c per pound. HIDES Salted country hides, 4c deliv ered Portland; grubby hides, 8c; city calf skins, 10c; country calf skins, 8c; good kip. 6c: grubby kip. 4c MOHAIR New clip, 17o per pound. ' GRAIN BAGS -Car lots, 7c. coast. QUOTATIONS ON DAIRY PRODUCE Market Prices Ruling on Butter, Cheese and Eggs. SAN FRANCISCO, April 7. Butter- Extras, 87c; prime firsts, 36c Eggs Fresh extras, 29c; extra firsts. 28ftc; firsts, nominal; dirties, 28o; extra pullets, 28c; undersized, 24ViC Cheese Flats, fancy, 2214c; flats, firsts 18c. CHICAGO, April 7. Butter Lower: creamery extras, 46c; standards, 44c Eggs Higher; receipts, 25,034 cases: firsts. 23&24c; ordinary firsts, 20&21G. at mark, cases included, 21j?23c. NEW YORK, April 7. Butter Unset tled ; creamery, higher than extras, 49 S 650c; creamery extras, 49c; creamery firsts. 45S48HC ggs Weak ; unchanged. Cheese Easy; unchanged. SEATTLE, April 7. Ergs Select local Liberty Issues Only Firm Feature or Bond Markets Advance In Money Kates Unexpected. NEW YORK. April 7. The stock market today relinquished part of the general advance registered earlier in the weea, developments favoring- the short Interest. London cables stressed the more ominous aspects of the British industrial situation and occasioned moderate liquidation. Domestic industrial conditions also be came more complicated by the decision of the railroad labor board denying nlication of ths New York Central for im mediate provisional reduction of the un skilled labor wage scheduls. Publication of the government crop re port, forecasting the fourth largest winter wheat yield in history, failed to stimulate transportation shares, some of which, in cluding arangers. were decidedly heavy. Market prices were at lowest overages in the lasc half hour, when tree seams resulted from an unexpected advance in call money from 5V4 to 654 per cent, due, according to reports, to calling of loans by Interior banks. Stocks most affected com prised a 'number of industrials and spe cialties, leathers and chemicals, together with numerous allied Issues. Sates were 450.000 sharea Exchange rates on London and Paris eased only slightly. Liberty bonds were firm, but most other domestic and foreign Issues lacked definite trend. Total sales, par value, $11,01 a.vuu. Vrr-nsrvf bt(vmt QUOTATIONS. lMt Sales. 1,300 Am Beet Sug American Can 500 Am Cr A Fdy 200 A H A L, pfd 1.500 Am Inter Corn 1.200 Am Sm A RtK 2,5110 Amercn sugar 8)H Am Sum Tob 6,800 Am Tel ft Tel 2.300 Amer Woolen 2,7"0 Anaconda Cop 1,600 Atchison 1.200 At. Glf ft W I 20.700 Baldwin Loco 8.000 Baltl ft Ohio 2,300 Beth Sti "B" 4,000 Bt & Sup Cop 500 Calif Petrolem 6O0 Canad Paciflo 800 Centrl Leather 28,000 Chand Motors 1.200 Chesp ft Ohio 500 Chi, M ft St P 1.000 Chicg & N W 1O0 Chi. R I ft P 3.200 Chino Copper, 500 Corn Products) 8.700 Crucible Steel. 4.X10 Cuba Cne Sug Erie Genrl Electric Generl Motors Gt North, pfd Illinois Centrl Insprn Copper It Me Ma. pfd Internl Nickel Inturntl Paper K J soutnern Kenne Copper Louis ft Nash Mexl Petrolem 25,400 Miami Copper 800 Mid States OH Midvale Steel. Missouri Paclf Nevada Coppr N Y Central N T. N H ft H Norfk ft West North Pacific Ok Jfri ft Kfg Paciflo Mall.. Pan-Am Petri S.500 Pennsylvania.. 7.000 Pitts ft W Va Ray Con Cop Reading Rep Irn ft Sti Ri-1 Dtch. N Y Shat Ariz Cop Sin Oil ft Rfg S.SOO South Pacific 2,WH) South Railwy SoO S O. N J, pfd 1.400 Studebkr Corp 34.300 Texas Co 3.200 Tobe Products 700 Transcontl OH 1.600 Union Pacific. 4i0 116 U S Fd Prdts 60O 22 U S Ind Aico 4.WMJ 74 U S Rtl Stores ' wo V S Rubber.. 11.900 U S Steel. ... 11,100 U S Steel, pfd WOO tah Conner.. e"o Westra Union poo Wejtt Electric 700 Willys - Over 1.000 1,400 600 100 7.300 5,500 200 700 100 600 5O0 2.800 1,100 100 4.6O0 8.000 ' 500 800 400 BOO 1.400 3.S00 100 100 100 1.100 2.600 4,700 7.900 100 High. 37 29 123 42 43 3S 01 74 106 71S 87 54 81 85 8714 34 !? 44 lis 34 79 50 25 62 H 26 21 74 8JV4 21 12 136 13 71 87 82 6H4 14 67 25 18 ' 100 142 18 13 27 17 10 6! 16 94 77 143 60 84 28 eSiz 66 59 6 23 74 20 107 7S a 10 Low. 37 2854 123 41 43 37 91 72 105 71 37 80 33 86 33 65 11 43 112 81 711 58 24 62 ' 25 21 73 83 JK) 11 130 13 69 80 .32 61 14 66 24 IS 100 138 18 13 26 17 10 6S 16 04 75 8 14 63 83 26 12 67 64 6S 6 23 73 20 107 76 41 45 9 116 21 6." 48 70 81 109 411 90 48 8 Sale. 87 28 123 41 43 8S 91 73 87 . 80 84 86 83 11 44 112 X-79 6S 24 62 25 21 73 84 20 11 136 13 70 87 82 61 14 66 24 18 100 139 IS 13 26 17 10 69 16 94 76 3 14 S 83. 26 12 67 64 5S 23 73 20 107 76 41 43 10 116 21 65 49 71 81' 110 49 OMi 48 S Lelpslg 4s 14 Lelpsig 5s 15 Munich 4s 14 Munich 5s 1 Frankfort 4s 15 Jap 4s 64 Jap 1st 4s 82 Jap 2d 4s 82 Paris sixes 97 U K 5s. 1921 9 U K 6s, 1922 94 U K 5s. 1929 88 U K 6s, 1U37 84 PiLOIR FIGURE EXPECTED 17 64 82 1 82 XT' 99 89 85 Metal Market. NEW YORK, April 7. Copper quiet; electrolytic spot and nearby, 12c; May and June. 13c Iron weak: No. 1 northern. $27028: No. 2 northern, $26027; No. 2 southern, $23 25. Tin firm; spot and nearby, 30c; futures, 30.50c Antimony Spot, 5.12 0 5.25c. Lead dull; spot, 4.25c. Zinc quiet; East St. Louis, spot, 4.659 4.70c Naval Stores. SAVANNAH, Ga., April 7. Turpentine Firm, 4748c; sales, 452; receipts, 439, shipments, 361; stock, 4963. Rosin Firm: sales, 150: receipt. 364; shipments, 1065; stock. 80.330: Quote: B, D. E, F, G, H, $.65; K, $3.70; M, $3.75; N. $3.80; WG, $4; WW. $4.25. MORE DAKOTA HOES IN SEVEN" LOADS RECEIVED BX LOCAL PACKER. Market In All Lines la Quiet and Prices Are Steady to Weak. Eleven loads of stock reached the local yards yesterday, seven loads being South Dakota hogs, which were brought in by a packer. The market was without new feature. ' Hogs were weak at the recent decline and cattle were slow and barely steady. Sheep and lamb prices were un changed. A few medium grade spring lambs came in. Choice spring lambs were quoted at $89. Receipts were 82 cattle, iu.iy nogs ana 20 sheep. The day s sales were as follows: Wit. Prlce.l Wgt. Price. 1010$ 8.00 lbUll... 1S2U 792 2 00 2 bulls. 1980 4.601 1 hog.. 788 4.001 6 hogs., 101 11.501 4 hogs. 4 SO 7.25! 7 hogs., 198 11.25 2 hogs. , 210 11.25 1 hog.. 148 11.50ll2 bogs., 120 11.501 5 hogs.. 390 6.15U2 hogs.. 53 11.60!41 hoes.. 230 11.001 2 hogs 1 cow.... 1 cow. . . . 1 bull.... 5 mixed. . 7 hogs. . . 1 hog.... 5 hogs... 2 hogs. . . 6 hogs... 2 hogs... 1 bog.... 8 hogs. . . 1 hog. 2 lambs. 3 lambs. . 9 lambs. 1 calf... 1 calf.... 1 calf.... 1 calf.... 1 calf. ... 136 6.001 100 6.00 106 6.001 180 11.00 90 8.00 130 8.50 1 hog... 1 hog... 1 hog. . . 7 hogs. . 8 hogs. 20 lambs. 1165 8.50 160 11.25 96 11.60 137 11.25 24 8 11.00 160 11.00 180 8.00 202 10.50 272 8.00 253 10.00 158 11.60 375 9.00 850 9.50 160 11.00 490 6.00 262 11.50 273 10.00 66 - 8.00 84 6.00 BUSTERS' ESTIMATES OP CROP REPORT CORRECT. Wheat Taken at Higher Prices in Belief Previous Guesses Were) Exaggerated. 120 11.00:26 lambs 170 11.001 Receipts of stock at the yards In March ana xor the year to date follow: Cattle. Calves. Hors. Sheen. March receipts. 8,467 671. 18.927 17.045 incr. tor mo 150 Deer, for mo... 1.880 412 Year to date.. 28,012 2149 63,942 Incr. for year 88 Deer, for year. 1.784 650 Ave. wgt. .hogs 203 The origin of the stock received last month was as follows: Catle.Calvea Hogs. Sheep. .3990 356 6,587 10.377 .STUB . 864 . 201 S.106 60.725 11.291 Oregon ....... Idaho .' Washington ... Montana ...... California Nebraska ..... South Dakota.. Canada 183 32 1.283 1.315 4.377 2.291 116 192 1,824 7.726 49 'iii 81 110 49 91 4S 8 BONDS. U S 2s reg 99INorth Pao 4s... 76 do 2s coupon. .'99 North Pao 3s. ..'53 do 4s reg...104 Pac T ft T 5s...84 do cv 4s cou.104Penna con 4s..83 Panama 3s reg.78 S P cv 6s. pfd.. 92 do 3s cou.... 78!So Ry 5s 84 A T & T cv 6s. 99Union Pac 4s... 80 Atch gen 4s.... 77 U S Steel 6s.... 116 D ft R con As.. 64 Mining Storks at Boston. BOSTON, April 8. Closing quotations: Alloues 1601d Dominion.. 17 Arix Com 7Osceola' 23 Cal ft Hocla. ..210 . Quincy 37 Centennial .... 8 superior 3 Cop Range Con. 30 Sup ft Bos Min. 1 7 Shannon Hi I "tah Cons . 17 I Winona .... 2Wolverlne .. 44 Granby Con , 8 1 3 50 10 21, E Butte Cop. r-ranKiin .... Isle Royale . I.ake Copper.. Mohawk .... North Butte.. Liberty Bond Quotations. NEW YORK, April 7. Liberty bond quotations closed as follows: 3s 90.203d 4s 90.88 1st 4s .........87.70 4th 4s ....... 87.84 2d 4s 87.52IVictory 3s .. 97.58 1st 4s 87.90Victory 4a .. 87.58 2d 4s 87.701 'Bid. Swift Co. Stocks. Closing prices tor Swift ft Co. stocks of Chicago were reported by the Overbeck ft Cooke company ot Portland as follows: Swift ft Co 100 Llbby. McNeill ft Libby 10 National Leather 7 Swift international Money, Silver, Etc.. NEW YORK, April 7. Prime mercantile paper, 70 7 per cent. Time loans steady; 60 days, 90 days and S months, 6&'7 per cent. Call money easier; highest, 6 per cent; lowest, 6 per cent; ruling rate, 6 per cent; closing bid, 6 per cent, offered at 6 per cent; last loan, 6 per cent. Bar silver Domestic, 99 c; foreign, 58 e per ounce. Mexican dollars, 44 e. LONDON, April 7. Bar silver, 83d per ounce. Money, 6 per cent. Dis count rates Short bills. 6 per cent; 8 months' bills, 6 & 6 8-16 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 tunas: Total 8467 571 18.S27 17.045 The following prices are current at the local yards: Choice steers '.$ 7.25 7.75 Medium to good steers 6.75 7.50 Fair to medium steers 6.00 6.73 Common to good steers ...... 6.00 6.00 Choice cows and heifers 6.00ft 6.75 Medium to good cows, heifers. 5.50 6.00 Fair to medium cows, heifers. 6.00 5.50 Common to fair cows, heifers. 4.00 5.00 Canners 2.50 4.00 Bulls 3.50 6.00 Choice dairy calves 12.5013.00 Prime light calves 11.00 12.50 Heavy calves 6.00 7.50 Rest feeders 6.00 6.50 Fair to good feeders ......... 6.50 6.00 Hun Post Chequea Rem. $ .0032 $ .0036 . .0750 .0754 , .0135 .0139 . 0142 .0146 1830 .1834 Austria, kronen Belgium, francs Bulgaria, leva Czecho-Slovakia, kronen, Denmark, kroner England, pouna sterling. o.vu Finland, finmark 0255 . .0259 France, franca .0720 .0724 Germany, marks. ........ .01611 .0173 Greece, drachmas 0740 .0744 Holland, guilders K4M2 .3486 Hungary, kronen 0040 .0044 Italy, lire 0145 .0449 Jugo-Slavia, kronen 0075' .0079 Belgium, francs 0750 .0754 Portugaj, escuaos ........ .U3u .0894 Rouniania, lei .0155 .0159 Serbia, dinara OJ'.IO .0294 Spain, pesetas .1415 .1419 Sweden, kroner 2370 .2374 Switzerland, francs 1741 .1745 China-Hongkong, local cur rency 4'J5 Shanghai, taels.v 6400 Japan, yen. .- .48,u NEW YORK, April 7. Exchange irreg ular. Sterling, demand 3.91; cables. 3.92 OJ-; francs, demand 7.09, cables 7.11; Belgian francs, demand 7.39, cables 7.41; guilders, demand 34.60, cables 34.70; lire, demand 4.34, cables 4.36; marks, demand 1.61, cables 1.62; Greece, demand 7.20; Ar gentine, demand 32.25; Brazilian, demand 13.75; Montreal. 10 9-16 per cent discount, Foreign Bonds, Foreign bond quotations furnisher) by Prime light J. 11.0011.25 Smooth heavy 10.2510.75 Rough heavy 6.00 9.25 Stags 5.00 9.25 Fat pigs 11.00 9.25 Feeder pigs 11.00 & 11.75 Sheep Prime east-of-mountaln lambs 7.00 8.00 Valley lambs 6.00 6 25 Heavy lambs, 90 lbs. and up.. 6.00 6.00 Feeder lambs 6.00 6.00 Cull lambs 4.00 5.00 Yearlings .." 5.50 6.00 Wethers 6.00 6.75 Ewes i 1.60ffl 6.00 Chicago Livestock Market. CHICAGO, April 7.1-Cattle Receipts, 11.000 head. Beef steers slow, fully 25c lower than general trade yesterday: prime yearling heifers and steers, $9.50; top heavy steers, $9.25; bulk beet steers, $8 8.75; butcher she stock slow, weak; bulk fat cows and heifers, $5.257.25; bull: slow; bolognas, largely $4.25)4.60; beef grades mostly $a.256: calves steady bulk vealers, $7S; stockers and feeders slow, weak. a. Hogs Receipts, 80.000 head. Opened 15c to 2uc lower; later lights and mediums. 25c to 40o lower; others 15c to 25c lower than . yesterday's average. Top early, $9.90; bulk 200 pounds down, $9.609.85 'bulk 220 pounds up. I8.65&9.25; pigs 25c to 35c lower; bulk desirable, $9.75&9.8S. Sheep Receipts. 16,000 head. Mostly steady, wooied lambs, top, $9.90 to ship pers; bulk, $8.759.5fl; shorn top to city butchers. $9; bulk, $88.75; choice 176 pound wooied wethers, $6.75. Omaha Livestock Market. OMAHA. April 7. Hogs Receipts. 8500 head. Light butchers active, steady to 15c higher, others uneven, mostly steady. Bulk medium and light butchers, 18.80 W 9. 25 top, $9.35; bulk strong weight butchers. 250 pounds and over, $8.25)8.75; packing grades. xi.outxiH. Cattle Receipts, 4500 hesd. Beef steers and she stock generally- 2&50c lower: bulls and veals weak; stockers and feeders weaK to 5C lower. Sheep Receipts, 6000 head; killing grades strong to luc to 15c lower. Tod lambs, $9.40; ewes, top, $6.25; no feeders here. CHICAGO, April 7. Wheat averaged higher today, owing to buying based on correct anticipations that the govern ment crop report would suggest a smaller yield than recent private estlmatea -The market closed unsettled, at the same as yesterday's finish to lc advance, with May $1.36 to $1.36 and July $1.13 to $1.13. Corn gained c to c and oats c to e. In provisions the outcome was 25c to 75c decline. According to the government report a yield of 621,000,000 bushels may be looked for, whereas until todav a maiority of traders were exDectlns- 630.000.000 to 640,- 000,000 bushels. Prevailing lower tempera tures in some sections of the west tenneu further to harden prices, but no damage was reported. The chief handicap to the bulls was the economic outlook, especial ly the breakdown of efforts to bring about a settlement of the British coal strike. C.rn and oats were firmer with wheat and as a result of the smallness of receipts. togetner with wet weather delay to seed ing of oats. Downturns in hogs weakened provisions. The Chicago market letter received ves- terday by the Overbeck ft Cooke company of Portland said: Wheat Held within a narrow range until publication of the government re port and then declined on selling by those who considered the figure bearish in the sense that the private estimates were con firmed. In analysing the Indicated crop, one must take into consideration the ex tremely small amount of winter killing with possibility that the abandoned acre age this year will be the lowest on record. Whereas the government figures are com puted at this time on the basis ot an average abandonment. This means the outlook is for a larger crop than sug gested. The foreign demand was inactive and the south-west is said to be offering wheat very freely. Ail cash markets were lower and spot premiums In Chicago re duced 1 to 2 cents. Milling centers con tinue to report etangnation In flour trade. Another bearish factor was the large esti mated Argentine shipments for this week. A decided change in the Immediate situ ation seems essential to impart strength to tne lutures market. Corn Trade moderate and fluctuations narrow with market displaying an under current of strength, based on firmness in the cash market where the trading basis was quotable half a cent higher. Receipts in Chicago only 55 cars, the smallest of the season and country offerings to arrive lignt. 11 a toe us were not so large, this ab sence of cash pressure would no doubt be -a strengthening factor In the market, but witn available supplies burdensome and commercial consumers buying only on 1 hand-to-mouth basis, there is little Indl cation of a sustained advance at this time. Oats Sold lower with other grains, but offerings were not heavy and a good ab sorption on the decline with result that market closed with a firm tone. Receipts were small and the cash market Strong at cent above yesterday's trading basis. The favorable crop outlook continues to militate against constructive endeavors. Rye Trade in rye futures was featured by a good demand for September delivery. cash rye was a shade easier with No. 2 on track at $1.40. The government report was considered slightly bullish. Provisions Again lower on renewed liquidation and inadequate support. The decline of 23 cents in hog prices served as the bearish incentive. Cash trade was quiet. Leading futures ranged as follows: Open. High. Low. Close. WHEAT. $1.33 $1.36 $1.84 1.13 1.11 CORN. .60 .59 .64 .63 OATS. May 87 .37 .87 .87 JUly 38 .39 .38 .39 ested in the project, has made ar rangements with Portland institu tions for financing- this development, and it is anticipated that $100,000 will be expended in construction on the lower unit of the project this season. Plans are under way for the or ganization of a flour milling company and the erection of a small mill at Danner, Or., the new town in the Jordan valley project. The mill is to be operated with hydro-electric pow er, which will be developed at the new diversion dam on Jordan creek. The undertaking, including the erec tion of the mill and Installation of machinery and erecting the hydro electric plant four miles from Dan ner, It is estimated will cost $10,000. 28 ALIENS GET PAPERS Iiiwanis Club Arranges Programme for Xew Citiiena. ASTORIA, Or., April 7. (Special.) At a public meeting held in the cir cuit court room tonight, certificates of citizenship were presented to 28 foreign-born residents, who recently passed the naturalization examina tions to become citizens of the coun try. The ceremony was arranged by the Kiwanis club,' which conceived the idea of extending a public welcome to the new citizens. Addresses were made by Circuit Judges Eakin and James L. Hope, chairman of the Astoria school board. The latter pre sented diplomas to several of the men, who are graduates from the night schools, which the local educa tional department conducted during the winter months. May July May July 1.11 .60 .63 $1.38 1.13 .60 .63 May July MESS PORK. 16.60 16.83 May July May July ranch, white shells, 29&30c; select local the Overbeck ft Cooke company of Port- , iu,H rnlnri. 27&i.iK mill-,- M ranch, mixed colors, 270-28C; pullets, 23 v24c Butter city creamery, in cubes 42c. bricks or prints 43c; country creamery extras, cost to jobbers. In cubes. 39c London Wool Prices Unchanged. LONDON, April 7. At the wool auction les todsy 3633 bales of free wool were offered. There wss a moderate demand, but half of the offerings were sold at unchanged prices. Six thousand bales ot government wool were withdrawn, owing to the high limits. The' government sales for tomorrow and next week have been cancelled. Free wools will be offered from Monday to Friday, inclusive. . Bid. Ask. Russian 5s, 1921.... 19 21 Russian 6fes, 1926 11 4 Russian 6s. 1919 20 22 French 5s. 1931 55 56 French 4s, 1917 45 46 French 5s, 1920 66 68 ItaWn As, 1918 31 33 British 6s. 1922 34 896 British 5s. 1927 370 8S2 British, 0s, 1929 370 382 British vky 4s... 2!S 310 British ret. 4s 2iS 2S0 Belgium rest us 66 04 Belgium prem 5s 70 73 German W. L. Cs 12 14 Berlin 4s 13 14 Hamburg 4s 14 36 Hamburg 4 i Hi. 18 Kansas City Livestock Market. KANSAS CITY, Mo., April 7. Cattle Receipts, 3500; few beef steers early un evenly lower: some without morning bids early top, .60; shs stock mostly 25c lower; good and choice cows, $66.50 few prime cows, $6.75; calves, steady; good and choice, $7 8; practically no de mand for canners, bulls and feeders; few sales weak to unevenly lower. Sheep Receipts, 7000; killing- classes steady; 75-pound lambs, $9.15. Seattle Livestock Market. SEATTLE, . April 7. Hogs Receipts, none; weak:- prime, $1111.65; smooth heavies. $1011; .rough heavies, $S(ij8-60; pigs, io 11.50. Cattle Receipts., none; weak; prime steers $7.758.25; medium to choice, $6 7.25; common-to good, $5.50-6.50; best cows and heifers, $6.50(7; medium to choice. $4.505.6O; common to good. $3 4.50; bulls. $45.50; light calves, $10.50 12; heavy, $67. SAST FRANCISCO- PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Ef.. at Bar City. SAN FRANCISCO, April 7. Vegetables Asparagus, 7llc; squash,- cream, 65 75c: pMtoes. street prices, rivers No. 1. t2.002.35; sweet potatoea . $5.006 6.50; new potatoes, 69c; onions.. -Austrslla $2.504; garlic. 6 & 8c; cauliflower. 40 75c dozen, cabbage, ic per pouna: Den pep pers. Los Angeles. 1020c: turnips, oocw $1; beets, $11.50; parsnips. $22.25; carrots. 75fi-$l: peas. 66 So; rhu barb, Alameda, $1.25 1.75; lettuce, $2.25 $2.60; artichokes, $5.007.00 crate; spin ach, 8 5c; egg plant, 20 30c. Poultry Hens. 2537c: strictly young rooKters, 4044c; old. 20 22c; fryers, 65 80c: broilers, 40 -f? 50c: ducks. SO I? 35c; squabs, 6065c; pigeons, $3.003.50 dozen; Belgian hares, 23 25c; jackrabbits. $3.00 Q3.50 dozen; turkeys, nominal. Fruit Oranges, navel, $2.004.75 box: lemons. $2.00 63.50; grapefruit, $1.503.50; tangerines. S1.5fl3.60; apples. $1.763.00' bananas, 910c; avocadoes, $3.007.00; strawberries. Imperial valley and Los An geles, $3.003.75 crate; Peninsula, $1.50 $2 drawer. Receipts Flour, 7674 quarters: wheat, 835 centals; barley, 8835 centals; beans, 1216 sacks; corn, 1800 centals; potatoes, 1282 sacka; onions, -16 sacks; hay, 326 tons; oats, 657 centals; hides, 503 bun dle Cotton Market. NEW YORK, April 7, Cotton Spot qutatiejniddlins, 12c, . . j LARD. 10.20 10.25 10.10 10.15 10.70 10.70 10.50 10.53 SHORT RIBS. 0.65 - 9.65 9.40 9 60 10.03 - 10.05 9.80 S.90 Cash prices were as follows: Wheat No. 1. red, $1.43; No. 2 hard. $1.47. Corn No. 2 mixed, 58 c; No. 2 yellow, 5959c. Oats No. 2 white, 38 3'Jc; No. 8 white, 36 37c. Rye No. 2. $1.40. Barley 59 72c. Timothy seed $4 5.50. Clover seed $12 15. Pork Nominal. Lard $9.95. Ribs $9 10. ' Primary Receipts. CHICAGO. April 7. Primary receipts- Wheat. 761,000 bushels, against 436.000 bushels; corn, 417,000 bushels, against 3721000 bushels; oats, 294,000 bushels. against 451,000 bushels. Shipments Wheat, 262,000 bushels, against 614,000 bushels; corn, 629,000 bush els, against 262,000 bushels: oats, 644,000 bushels, against 682,000 bushels. Car receipts Minneapolis: Wheat, 143; corn, 9; oats, 3; barley, 20; rye, 6; flax, 13. St. Louis: Wheat, 54; corn, 29; oats, 16. Kansas City: Wheat, 24; corn, 23; oats, 5 Omaha: Wheat, 50; corn, 31; oats, 4. Minneapolis Grain Market. MINNEAPOLIS, April 7. Wheat futures May. $1.29; July, $1.23. Barley. 47 68c Flax No. 1, $1.561.59. Winnipeg Grain Market. WINNIPEG. April 7. Wheat futures- May, $1.65; July. $1.47. Grain at San Francisco. r SAJf FRANCISCO. April 7. Grain Wheat, milling, $2.152.20; feed, $2.05 2.15: barley, feed, $1.101.15; shipping, $1.201.40; oats red, feed. $1.451.55: corn, white Egyptian, tl.r0&l.tK); red mtlo, $1.757)1.80; rye, nominal. Hay Wheat, $202l; tame oats, $17 19; wild oats, $1215; barley, $1213; alfalfa, $1720; stock, $1014. Seattle Grain Market. SEATTLE, April 7. Wheat, hard white, $1.15; soft white, $1.13: white club. $1.12; hard red winter, soft red winter, northern spring and eastern red Walla, $1.09; Big Bend bluestem, $1.18. Citv delivery: Feed--Scratch feed, $52: baby scratch feed, $71; feed wheat, $52; all gram chop, $43; oats, $42; rolled oats, $44; sprouting oats, $47; whole barley, $40; rolled barley. $42; clipped barley, $47: milled feed. $32; bran, $32; whole corn, $39; cracked corn, $41. Hay Alfalfa. $24; aoume compressea alfalfa, $30; ditto timothy, $8; eastern Washington mixed. $32; straw, $24; Fuget sound alfalfa, $30. Coffee Futures Firmer. KBW YORK. April 7. The market for coffee futures showed evidence of a firmer technical Dosltlon today, an early aecune being followed by rallies on covering. The opening was 5 to 13 points lower. Last prices were as about tne nest 01 tne aay, with the market showing a net advance of 1 to 6 points. Closing bids: May, 5.70c; July, 6.12c; September, e.ac; uciooer, 6.63c: December, 0.8 ic; January, o.voc; March, 7.15c. Spot coffee quiet; mo is, oo; cantos 4s, 99o. New Tork Sugar Market. NEW TORK. April 7. Raw sugar, 6.02c for centrifugal. Refined sugar, 8c for fine granulated. Dried Fruit at New York. NEW TORK, April 7. Evaporated ap ples, quiet and firm; prunes, steady; peaches, dull. Duluth Linseed Market. DTJLTJTH. Minn.. April 7. Linseed, on track and to arrive, $1.40. GUARD ELECTS CAPTAIN'S Emerson E. Grover Chosen to Head Company K at Independence. SALEM, Or, April 7. (Special.) Emerson E. Grover, sergeant, was elected captain of company K, Ore gon National Guard, at Independence last night, according to an announce ment by the adjutant-general today. Sergeat Hanson was elected captain of company E, of Portland; Frank Waters captain of the quartermaster corps, and: Sergeant Ferguson captain ot the Marshfield company. Long-Bell Co. Buys Timber, KELSO, Wash., April 7. (Special.) Deeds covering the purchase of 1200 acres of timber land by the Long- Bell Lumber company of Kansas City from W. E. Goodfellow of Minneapo lis, Minn., have been filed with the county auditor's office. The timber is in the same district where the Long-Bell company previously pur chased from the Weyerhaeuser Tim ber company. Revenue stamps af fixed to the deed indicate -that the price was $150,000. ' Over $1000 Security For Every $75 Invested This $75,000 is a direct lien on more than $1,000,000 worth of improved business and residential property in the city's heart. -10 Year 7 Imp. Bonds GreybuU, Wyo. 7 TS 4 Art Vi.U " Price 100, Yield INCOME TAX EXEMPT a bond you should know more about. ium5ekmeh5 trust Company BROADWAY AND OAK pAREFUL 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. . Kelso Buj-9 Fire Equipment. KELSO, Wash., April 7. The Kelso city council has purchased a modern chemical fire truck equipped with hose and ladders in addition to the complete, chemical outfit, also an electric siren, which can be heard four miles, for use as a fire alarm. A building owned by the city at the east end of the bridge will be moved to the city auditorium lots to house the new equipment. Bids on the pro posed sewer project on Academy street were rejected as too high. Kelso Boys to Raise Camping Fund. KELSO, Wash., April 7. (Special.) The True Blue Boys of the Presby terian church will open a store Sat urday with a large variety of goods. The boys had money in the Kelso State bank, wfiich they had raised by a minstrel shoT7 and other means, to defray the expenses of their summer camping trip and are now starting to raise another fund for that purpose. CANADIAN BONDS Security Due Yield City of Montreal 1923 o Greater Winnipeg Water Dist.. 1923 7&0n Calgary, Alberta, Schools 1923 W U General Obligations of Large Municipalities. Portland KEELER BROTHERS Dc- Investment Securities UNITED STATES NATIONAL BANK BUILDING Broadway 5800 DAILY METEOROLOGICAL KKPORT. PORTLAND. April T. Hirtst tern perature, 65 degrees; lowest, 18. River reading, 8 A. M., 7.8 feet; change in last L'4 hours, 0.2 foot rise. Total rainfall (5 P. M. to 5 P. M ). none; total rain fall since September 1. 1920. 41.87 Inches normal rainfall since September 1, 81.51 inches; excess of rainfall eince September 1, 1U20, 3.86 inches, ounrlse, A. M sunset. 6:17 P. M.; total sunshine, 10 hours and 36 minutes; possible sunshine, 13 hours and 8 minutes. Moonset, Friday 7:32 P. M. ; moonrlse, Saturday, 6:20 A.M. Barometer (reduced to sea level), 5 P. M 30.06 inches. Relative humidity: 5 A, M S per cent: noon, "2S per cent: S P. M. 27 per cent. THE 'WEATHER. !C g X V i"d a 2s 2 1 I IS ! 5 - ! s ? STATIONS. 5 3 : i : Weather. ; ; 5 . . . . t : : : f I : : : Baker ..... Boise Boston ..... Chicago ... Denver .... Des Moines. Eureka .... Galveston . . Helena Juneaut . . Kansas City Los Angeles. .Marshfield . Medford ... Minneapolis New Orleans New York.. North Head. Phoenix .... Pocatello . . Portland .. Roseburr . . Sacramento St. Louis... Salt Lake.. San Diego.. San Fran... Seattle .... Sltkaf bDokane ... Tacoma Tatoosh Isl. Valdezt ... Walls Walla. Washington Winnipeg . Yakima . . &O0.00j. .j.N'B (Clear 5,0.0il. .NWfClear 4i O.WHIUIK 72;0.OS . . XW 32 004 54,0.10). .JNE 62l0.00f. . W 74l0.22;10 SE 30.0.00.14SW t4Si0.08. . bo o. we l 611 O.OOjlOi SSiO.Oll 64'0 00 50 0.481 48 0.00 10! 54 i 0.00 7410.001 SS 0.001 6.VO.00 2.0.001 64 o.oo: 76IO.40 42 0.02, 60! 0.00: 14 12 54 O.OO; ss:o.oo J4SI0.1S o2 u.m 600.00 52 0.00 3S!0.5 58:0.001, IB s w N'W sw w w sw sw X s SB sw -v-w IW XW X X Rain Clear .(SB (Cloudy s:iear teloudy fcloudy fi. ciouay Kaln Pt. cloudy Clear Cloudy .:ouay uiear Rain Cloudy ("ear (Clear (Cloudy Cloudy rt. ciouay rcioudy i louay fl. ciouay rciear Clear Rain Pt. cloudy v.iear Cloudy X 601 0 0.04 12B ..( 2M0.02(1213 341 62!0.00l. . SW krioudy (Clear Cloudy Cloudy (Clear tA. M. today. eeertlng day. tP. M. report of pro- FORECASTS. Portland and vicinity Friday, fair; westerly winds. Oregon and Washington Friday, fair heavy frost in ths morning: moderate westerly winds. Read The Oreponian classified ad. IRRIGATION WORK TO BEGIN Jordan Valley Project Secures Aid in Portland. JORDAN VALLEY, Or., April 7. (Special.) Construction work on the Jordan valley irrigation project will be resumed May 1. according; to J. "W. Maney of Oklahoma City, Okla., pres- j laeni VI mo ,uiusu , a . i c j uauu aim Water company, owners of the proj ect. The project . consists of 30,000 acres of land, only about 3000 ol which is at present under irrigation. HarJey J. Hooker, who is also inter BONDS IMPROVEMENT PROVINCIAL SCHOOL WATER to yield 6 to 8.50 ; Western Bond & Mortgage Co. - Main 113 80 Fourth St. Board of Trade Bide. Ground Floor. ?8 5 MONEY TO LOAN We have eastern life insurance and other funds available to loan on business properties, apart ment houses and choice residences. Mortgage Bond Company Main 2831 Wilcox Bldgf. PRICES FOR CATTLE LOW Steers In Jordan Valley In Prime Condition for Market. JORDAN VALLEY, Or., April 7. (Special.) Stauffer & Stauffer, Juni per mountain stock raisers, are re turning V summer range several hundred steers that have been on full feed for three months in preparation for shipping to market. The steers are in prime condition, but present prices do not warrant their being marketed. The Juniper mountain district of the Jordan valley country is one of the greatest beef-producing sections in eastern Oregon and com pares favorably with any stockrais lng area in the west. A herd of 200 head of range cattle, recently sold, brought the new low price record -of several years in this valley. Cows, steers and heifers, with small calves Included, brought 27.50 head. Cows and calves sold by Stauffer & Stauffer and steers sold by the Jordan Valley Cattle company to Kred Phillips of Baker, Or., brought a much better figure. Out side buyers, who have been In the Jordan valley recently endeavoring to buy several hundred head of year line: steers, have found no cattle available at the prices they were of fering. Road Schedule Announced, KELSO, Wash.. April 7. (Special.) -Th state highway department has announced the following schedule of road construction for the highways of this vicinity: Paciflo highway, complete approach to Toledo bridge this year; pave between La Center and Pioneer, 4H miles, contract already let; grade La Center to Woodland, this year and next; pave nine miles Woodland to Kalama, this year, completed next; straignten road through Carrolls. Ocean Beach high way, start Kelso bridge this year, complete next; gravel from Grays river to Deep river, Wahklakun county; grade Nasel to Nasel river; gravel Nasel river to Bear river. Valuable Ore Found. GRANTS PASS, Or., April 7. (Spe cial.) Ore located nenr this city by O. U. Shadlnger and W. H. Patillo Is said to carry platinum, gold and lrr rtium to the value of $712 a ton. Reducing Tire Costs Assuming that sverna-e annual tire expense for Orexon aulolsts Is 1100 per car, OrcKonlans cp. nd J12.500.0un for tires each yar bused upon 125,000 curs. Figur ing there is 20 per cent less wr over resilient, bituminous pave ment (a low estimate), there would be a saving of 2,&00.000 annually In tires alone in favor of the resilient, bituminous type of pavement, providing all roads used were paved. Resiliency is typified in WARRENITE BITULITHIC Exempt from all Federal Income Taxes. Miami Conservancy District, Ohio SVz Bonds Due 1926-1944. Price 100 and interest yielding 5 Circular on request for OR-383. The National City Company Offices In more than SO cities. IT eon Building, Portland. Telephone Slain 6072. FINING MEN A'nwi'iON 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 erneri, not experienced in mining, and, althoup-h not op erating at present, has been a good producer. ROSE GOLD MINING & MILLING CO. 1115 N. W. Bank lildff. Phone Main 9110 HERRIN & RHODES, Inc. (Established 1 KOff. I BROKERS MEMBERS C UM A;0 DOARD OW TIIAUB. Correspondents. K. F. IIVTTO A CO. Memlwrs New Vork titock Ki. change. I'rlvale Leased Wires Direct to All security and Com modity Markets. LIBERTY AND VICTORY BONDS BOVGHT AMD BOLD MAI 2K3 sua tH4 201-3 BAILWAt tttli. ULDG.