Morning Oregonian., April 13, 1921, Page 21, Image 21

TITE MORNING OREGONIAN, WEDNESDAY, APRIL 13, : 1921' "
21
COUiJTRY HIDES ARE
ACCUMULATING HERE
Close to 1,000,000 m Three
Northwestern States.
BUTCHERS AWAIT DEMAND
Packers Stock Cleans Cp In Bast
at Low Range of Prices Leuth
er Continues Dull.
There has been a large movement In
fcldaa In the eastern markets In tbe last
few days. Packers continued to sell and
hav now practically cleaned up the packer
hide market. The prices were very low,
however, around 4 cents for branded hides.
It is interesting; to note that they sold to
other than their own tanneries. There
has also been a general cleaning up of
South American stocks.
Dealers are not so sure, though, that
the market is In better shape because of
the big movement as the enormous supply
of country hides has hardly been touched.
It Is estimated that fully 500.000 country
hides have accumulated In Oregon and
Washington and half as many or more In
Idaho, ao there may be close to 1,000.000
hides piled up in the three Pacific north-
weptern states. These represent on the
average a six-months accumulation. Some
have been on hand for 15 to 16 months.
The kill for the last three months has
fallen off somewhat In the northwest.
Is figured that for the country as a whole
the kill in the first quarter of this yea;
waa a third leas than In the same period
Ust year.
. With the demand halted, there can be
no activity until business in general mends.
Country hides sold in Chicago at 4
cents, which is equal .to about 8 cents In
Portland. Local dealers are buying In
small way when hides are offered, but
butchers in the country naturally are not
disposed to sell, as these prices net them
hard.'y anything at shipping points. All
they can do is to continue to accumulate
stocks until the country hide market re
vives.
The general leather market continues
In an unsatisfactory position, with a lack
of buying power still manifested. While
an occasional sale of size is consummated.
such transactions are exceptional, and In
about every instance sizable movements
are only effected in cases where very at
tractive terms are made to buyers.
Sole leather continues generally slo
Prices on about all descriptions remain
soft, and there is no volume of business
In union or oak tannages. No. 1 over
weight dry bide hemlock sides are quoted
in the eastern markets at 32 cents to 33
cents, but No. 1 medium substance rules
dull at 28 cents, with rejects at about 20
cents, and scabs around 15c. It Is difficult
to move union backs, except for immediate
consumption.
In upper leather, the bulk of business
Is still with manufacturers of women's
specialty shoes. The call for suedes and
other novelties in leather Is not so brisk
as formerly, however, and the demand
from Brooklyn and other nearby manufac
turers has fallen off quite sharply of late.
There Is still a good demand for women's
grain-finished colored calf, and there is
also a fairly steady call for men's weights
of calf. Some large tanners say that there
la somewhat more trading In a moderate
way in staple lines of side .leathers. .Bos
ton reports that some good business has
been effected in chrome sides, with two
very large sales consummated. There
axe so many grades and conditions;- -however,
that the market on chrome sides Is
very complex. An occasional fair-sized
aale -of bark and combination sides is
noted, but so many work shoes are being
made of rubber and cloth to sell at prices
ranging from $1.65 to $2.50 that the mar
ket on thia class of leather is materially
affected.
nounced by local dealers. Raw linseed oil
Is quoted In barrels at 89 cents and in 5
gallon cans at fl.04; boiled. In barrels at
91 cents and in 5-gallon cans at $1.06.
Turpentine Is selling in drums at 89 cents
and in ft-gallon cans at $1.04. White lead
In 100-pound kegs is quoted at 13 cents a
pound.
Local Rhubarb Is Plentiful.
Only one crate, of California strawber
ries arrived yesterday and it was taken at
$7.50.
No local asparagus waa received, but
there was a fair supply from California,
which was quoted at 15 cents.
Local rhubarb was plentiful. Tt was of
good quality and brought 9 cents a pound.
STOCKS CLOSE IRREGULAR
STEELS HELD TO PRESSTTRE
FROM SHORT INTEREST. .
Bank Clearings.
Bank clearing! of the northwestern cltlei
yesterday were as follows:
Clearing:. Balances.
Portland JS.1S2.7S3 ? 7.10.017
Seattle ,261,3l 1.703.S24
Tacoma IHM.W3 41.(120
Spokane i.44J.uj3 812.6V3
I-OKTLAND MARKET. QUOTATIONS
Grain, Floor. and Feed,
Merchants Exchange, "noon
session.
Bid
April. May.
FARMERS BOLD FOB BETTEB PRICE.
Not Morh Wheat Selling- at Country
Points; loral Bids Vnrhanjred,
All grain bids at the Merchants' Ex
change yesterday were the same as on
Monday. Offers put out in the country
irere also unchanged, ranging from 83
cents to 95 cents, according to' qualtty.
There was some demand, but not much
buying was reported. -Farmers offered
less freely than heretofore. Many of them
are now holding for It net.1
Declines of II a ton in rolled barley and
rolled oats were announced by the local
mills.
Reporting on growing crop conditions
In the mlddls west. John Ingiis said: "The
bigh condition of wheat seems to be gen
eral over the country. It is more forward
than usual too early to forecast probable
yields. In Texas and southern Oklahoma
about S. 000. 000 acres show orange leaf
rust and extending slowly northward. Dif
ficult to determine whether thia will be
a permanent Injury or not, but It is a
diseased condition. Recent rains and
favorable weather may enable the plant to
regain strength and color.
Terminal receipts, in cars, were reported
by the Merchanta' Exchange as follows:
Portland W'heat-Bar.Flr.OataHay.
77 ... 2 ... 14
4 . . . 4 . . .
14. KS 2.10 700 4S9 21.19
, 7.B01 171 So 23 423 1866
Tuesday
Tear ago
Season to date ..
Year ago
Tacoma
Monday .,.
Tear ago
Season to date ..
Tear ago .....
Seattle
Monday ,
Tear ago
Season to date ,,
Year ago
Hard white t 1.10 1.10
Soft white 1.08 1.08
White club 1.08 1.08
Hard winter 1.08 1.08
Northern spring 1.06 1.08
Red Walla 1.05 l.Oo
Oats-
No. 2 white-feed 23.00- 23.00.
Corn
No. 3 B. T. shipment 29.00
FLOUR Family patents, 18.80; bakers'
hard wheat. IS: bluestem patents. St.bQ
valley bakers, 16.50; bakers' straights.
1B.50: whole wheat. 17: graham. 16.80.
Ml L Li tli, Si u trices r. o. D. mm: ami-
run. 128 per ton; rolled barley, I38S4U:
rolled oats. 3; scratch feed, $38 per ton.
CORN Whole, 138; cracked, S41 per ton.
HAY Buying prices f. o. b. Portland;
i'faKa. 119 per ton; cheat, $2223 per
ton; clover, 116; valley timothy, 2a02S
eastern Oregon timothy, 126.
Dairy and Country Produce,
BUTTER Cubes, extras, 87 38c: prints.
MrRhmrnt rinMd In box lots. 4JC: Car
tons. 43c. ButterfaL. buying price: A
grade. 88c: B grade. 88c; Portland de
livrv.
K(;c.a Buvlng nrices. case count, 22c,
delivered; Jobbing price to retailers, can-
....... 1 ,"... uUnt,' 7&f-KV
CHEE3B Tillamook triplets, price to
Jobbers f. o. b. Tillamook. 28c; Xoung
Am.rlfA. ?9n lh.
poultry Hens. 233 30c pound: ducks,
nominal; geese, nominal; turkeys, nominal.
PORK Fancy, 18c per pound.
VEAL, Fancy, 16&16c per pound.
Motors, Oils and Other Specialties
Firmer (President's Message
Stabilizes Market for Time.
NEW YORK, April 12. The stock mar
ket was again beset by conflicting influ
ences today, many of the usual industrial
leaders reacting 1 to 4 points, wepuouc,
Lackawanna. Schloss Sheffield and Hem
iehem proving especially vulnerable to
bear drives
. On the constructive side the market
was represented by oils, motors, coppers,
Prices attained highest levels prior to
nnblication of Prexident Harding's mes
sage. As extracts appeared, shorts began
to put out new lines, effacing most gains
of the noon hour. Shortly before the
close, however, annountement of the post
ponement of the strike of the British trip e
alliance and the extremely favorable
statement of earnings issued by tbe Inter-
natinnil Punor mmuknT caused a naaij
i.i,n.,tniul PaDer scorrd
net gain of Hi points and losses In steels
were reduced.
RaiM .it, 800.000 shares.
ii i . H a r 7 ner cent with no
deviation of rates for time funds, com
- t .. i Honlr .?rrfntances.
Foreign exchange was Irregular, the
Rrlti.h rate hardening with another ad
vance in Italian remittances, but trench,
Belgian and Dutch bills eased.
Liberty bonds were steady, but the gen
.m li.r nihlv rails, reacted, coppers.
however, being In demand.
par value, 110.450,000.
CLOSING STOCK QUOTATIONS,
Munich 4s 13 IS
Munich Ss 17 19
Frankfort 4s , l'1 l7
Jap 4s :.. 65'4 ' 66
Japlst'4Ks 82V4 83
Jap 2d 4hie 8214 83
Paris sixes 874 8
U K SVS, 1921 99
U K 6s, 1922 5 ' "'
U K 5!,s, 1029 884 88
U K 6ijs, 1937 84ii 85
Swift Co. Stocks.
Closing prices for Swift A Co. stocks of
Chicago were . reported by the Overbeck A
Cooke company of Portland as follows:
Swift A Co
Llbby, McNeill A Libby 3
National Leather 7V4
Swift International 2
Total sales.
Fruits and Vegetables.
FRUITS Navel- oranges. 83. 50 5. 7.1 box:
lemons. I3.SO04.75; grspefruit. I3.2508.2e
per box; bananas, 10llo per pound; ap
ples, 81.3304 per box; strawberries, $7.50
per crate.
VEGETABLES Cabbage, B per
round: lettuce. 34&5.50 per crate; car-
rota 11.25 ner sack: garlic 15 20c pound;
beets. 81.23 per sack; cauliflower, $1.75 per
crate: celery, $7 per crate; green peppers.
30045c per pound; , rhubarb, Uc per
pound: spinach, 809c per pound; turnips.
SI. 50O2 Der sack: tomatoes, $5 per lug
cucumbers, $1.7503 per aoxen; peas, n
15c per pound; asparagus, 13c per pound,
I2.2.1te2..10 ner box.
POTATOES Oregon, litfta per i
pounds; Takima, 81.5002; sweet pota
toes. $3.50 per hamper.
ONIONS Oregon. 75c g 11.25 per sack.
Staple Groceries.
T srm 1 lAhhinv niint.tlona:
SUGAR (sack basis) Cane granulated.
AUc ner nound: beet. 9.15c per pound.
NUTS Walnuts. 220360 pouna: Dram
nuts, 27c; filberts, 12c; almonds. 28029c;
peanuts. 7010c per pound; cocoanuts, $2
per doxen.
honk Y Comb. 17.75 ner case.
RICE Blue Rose, 6140 pound: Japan
stvle. 4tfe ner nound.
BEANS Small white, ne; large wnue.
Sttc: pink. 7 fee; lima. c; bayou, 11 tic;
red. lUe ner nound.
COFFEE Roasted, bulk. In arums, 14 0
86c per pound.
SALT Granulated, -bale, ss.outr.
half ground, ton. 50s, $17.75; 100s, $15.50;
I ii m M rock. S ft
DRIED FRUITS Italian prunes, owe
pound; dates, $4.2506.85 per box; figs, J:
5.25 per box.
Provisions.
RAMS All sires, 80037c; skinned. 26
XRc: nirnlc 17sl9c: cottage roll, SOc.
BACON Fancy, 43 0O.se; cooice,
Srw- Ht.nd.rd. 6.2HC -
LARD Pure, tierces, 170 pouna; com-
nnund. tierces. 12c
DKX uacKS, zv-oc; piftica, u
Sales.
Am Beet Sug 5oo
American Can. 600
Am Cr A Fdy" S"0
A H A L. pfd 8K
Am Inter Corp 1.7(10
Americn Loco 3.000
Am Sm & Kfg 4.10
Amerc-n Sugar 1.300
Am Sum Tob 4.90
Am Tel & Tel 1,S"0
Amer Woolen 1,900
Am Z. Ld ft S 100
Anaconda Cop 5.200
Atchison 3O0
At.'Glf & W I 24.400
Baldwin Loco 7,800
Ualti & Ohio 600
Beth StI 24.200
IH & Sup Cop 3K
Calif Petrolera l.ooO
Canad Pacific 1,200
Centrl Leather 4.400
Chand Motors z.iou
Chesp ft Ohio 2)0
Chi. M & St P 4O0
Chicg & N W 400
Ohl.-R I P 9O0
Chino Copper. 1,900
Colo Fl ft Irn 1"0
Cord Products 3.200
Crucible Steel 2S.0O0
Cuba C'ne Sug 1.4"0
Erie l.ioo
Genrl Electric 6K
Generl Motors 12.100
Gt North, pfd 1.50O
nsprn Copper 1.400
It iie Ma. pfd 400
lnlernl Nickel 2.2O0
Interntl Paper 10.100
K C Southern 1.:mh
Kenne Copper s.uou
Mel Petrolem 21.700
Miami Copper 2.200
Mid States Oil 8.800
Mid vale Steel. 2.100
Missouri Paclf 200
Nevada Coppr 600
N Y Central 3"0
N Y. N H ft H 1.900
Xorthn Pacific 6.100
Ok Prd ft Rig 1.400
Pan-Am Petri 2.400
Pennsylvania.. 13.100
High.
38
28
123
44
42 "4
854
SO'i
9114
75
ll6
73
8V4
38 's
Ml
Pitts ft W Va 7o0i
Ray Con Cop 3.900
Reading a."u
Ren Irn ft Stl 46.600
Ryl Dtch. N Y 3.SO0
Shat Ariz Cop
Shell Tr ft Td
Sin Oil ft Rfg
Southn Pacific
South Railway
so N J nfd
Studebkr Corp 39.000
Texas Co 4.5O0
Texas' ft Paclf 1.800
Tobc Products
Tranacontl Oil
Union Pacific.
U S Fd Prdts
U S Ind Alco
U S Rtl Stores
U S Rubber.
r- n steel.
U S Steel, prd
Utah Copper.
Westrn Union
West Electric
Willys - Ovor
200
2oO
7.2O0
5.400
1.300
1,300
G,:ioo
6110
400
6U0
4.3O0
3,S"0
8.700
31,000
40
4.60
l.SOO
500
300
SH14
87 S
84
56
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44 54
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Sale.
37 Vi
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43
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83
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B1K
74
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79
88
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s
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:
Country and unit
Austria, kronen
Belgium, francs ...... .......
Bulgaria, leva
Czecho-31ovakiar kronen .....
Denmark, kroner
England, pound sterling
Finland, finmark
France, francs
Germany, marks .............
Greece, drachmas ............
Holland, guilders
Hungary, kronen .-
Italy, lire
Jugo-Slavia. kronen .........
Norway, kroner ..f..
Portugal, escudos-
Roumania, lei ...............
Serbia, dinara ..........
Spain, pesetas ...............
Sweden, kroner
Switzerland, francs
China
Hongkong, local currency ,
Shanghai, taela
Japan, yen
Kate.
.0030
,0748
.0133
' .0148
.1840
3.9350
.02.15
' .0718
.0168
.0734
.34X0
-.0045
. .0475
.0070
.1830
. .0910
.0172
.0295
.1415
.2393
.1745
.5200
.flrt.-iO
.4S50
NEW YORK. April 12. Exchange easy.
Sterling, demand 83.91.
HOLDERS GIVE . TCP HOPE OF
11 1 Gil EH PRICES SOOX.
Chicago Market at lowest Level
Since 191 5 Exporters Buy
Wheat Freely at Decline.
'
8
4 044
6.337
1 10 1
1 28 ...
49 841 13
80 2848 171
4
842
777
14 1
4117 203
5.54 1 237
S38 899 1231
786 634 1133
BUTTER AXD EGGS ARE IT KM
Affects
Demand From British Columbia
Loral Prices.
Demand from British Columbia eon
tin us tbe strengthening factor in the local
rgff and butter markets. Egg buyers
yesterday paid up to 22 34 cents, case
count, to country shippers and the same
bids are put out for today's receipts.
There is evidence of some slackening of
production In this section and the trade
thinks prices will hardly go lower this
season. In tbe east egg production Is at
a high rate. New York and Chicago yes
terday received 83,000 cases without ma
terially affecting the market.
Cube butter is cleaning up well. Extras
old In the local trade at 37038 cents and
sales were made for shipment north at 38
cents.
Poultry was firm with a good demand
and limited receipts. Hens moved at 25
to SO cents, according to size. Country
dressed meats were steady.
FRENCH CROP BENEFITED BI RAIN
Than In
la ca-
Conditions m Germany Better
Previous Years.
The grain crop situation abroad
bled by Broomhall as follows:
United Kingdom Rainy weather experi
enced, favorable for planting. Outlook
considered satisfactory.
?ranee Heavy showers In section ben
efited crops, but was not sufficient and
complaints of dryness are renewed.
Germany Favorable 'rains have fallen
aver a wide area and condition of crops
appears better than for previous years.
Italy fend North Africa Agricultural
conditions regarded as favorable.
Roumania Winter crops are In need of
rains. Acreage to spring cereals large.
Australia Prospects favor a large acre
age of wheat.
Spain Acreage to winter wheat, 9.600,
000, against 10.300,000 last year.
Linseed Oil and Turpentine Lewer.
A reduction of S cents a gallon on lin
seed oil and t cenis on tuxiieaua waa aa-
Wool. Hops, Etc
WnnTNomlnal.
TALLOW No. 1, 8344c: No. 2. 1340
Ae ner nound.
CASCARA BARK 1820 peel. 7e pouna;
1921 peeL 6c pound, delivered Portland.
HOPS 1920 crop. 150200 per pound.
HIDES Salted country hides, 4c deliv
ered Portland; grubby hides. 3c; city calf
kins. 10c; country call skins, c; good
kin. (if: arubbv kin. 4c
MOHAIR New clip. I701WO per pouna.
GKAIM BAGS Car lota, 7c, Coast.
Oils.
I.i'sr?Ttn- OIL Raw. In barrels. ffOe;
five-gallon cans, 11.01. Boiled, la barrels.
81c: five-gallon cans, $1:0tk
TURPENTINE In arums, euc; nve-gai-
lon cans, 51.04.
COAL OIL, Tang wagnna, ana iron oar-
rels. 1734c: cares, 3O0Sc
GASOLINE Tank wagons ana iron bar
rels. Sue; cases. 42 c
AN FRANCISCO TRODCCE MARKET
Prices Current on Tegrtahlra, Fresh Fruits,
F.tc, at Buy City.
SAN? FRANCISO.. April 12. Vegetables
Asparagus. 4$ 10c; squash, cream, 65 0
75c; potatoes, rivers, . $202.35; sweets.
Nancy Hall, 15.0008.00; new. 507c; fancy
amets. 809c: onions, Australian brown,
050c; green. II. 2501. .10; celery. 11.23 fit
00 crate; garlic 8010c: cauliflower. 40
075c doxen; cabbage, lc pound; bell pep
pers. 5 0 20c; turnips. 50c4l$l; beets, 81
01.50 sack; paasnips, 12.00 0 2.25; carrots.
ricwSl.oo: peas, liriic; rnunaro. Alameda.
1. 250200; lettuce. $2.25 0 2.50: artichokes.
15.00 0 7.00 crate; sprinach, 805c; string
beans, Coachella valley. 40 0 45c; hothouse.
45 0 50c; eggplant, 10023c
Poultry Hens, 23 0 40c; strictly young
roosters, 4044c; old. 20022c; fryers, 50
055c; broilers, 280.10c; ducks, 80035c;
squabs, 6005.1c; pigeons, 13 00013.50; Bel
gian hares, live, 23 0 23c; Jackrabbits. $3.00
03.50 doxen. .
Fruit Oranges, navel, $2.00 0 4.73; ap
ples. $1.7503.2.1; strawberries, southern
California. $3.00013.50 crate; peninsula,
11.50 01.85: bananas. 9010c; avocadoes
1307: lemons, 12.00 0 3.50; grape fruit,
$1.5003.50; tangerines, $1.30 0 3.50.
Receipts Flour, 1130 quarters; wheat
8450 centals; barley, 9800 centals: oats,
847 centals; beans, 6897 sacks; corn, 300
centals; potatoes, 4623 sacks, onions, 20
sacks; hay. 20 tons; hides, 2315 bundles;
lemons, 1200 boxes.
BONDS.
U S 2s reg 99!N Y C deb 6s.
U S 2s coup....'99iN P 4s
U S con 4s cp..l04IN P 3s
Pan 8s reg ...79iPac T ft T 5s
Pan 3s coup ...78iPa con 4s...
A T ft T CV 6S. U cv oa.t;...
Atch gen 4s ... 7iso Ky as
D ft R G con 4s 63U P 4s .......
u a aieei us .
Bid.
Mining stocks at Boston.
BOSTON, April 12. Closing quotations
Alloucx 18 iOld Dom 18
Ariz Com 7 34
. 88
. 76
. n4
,.84
.85
. 83
. 79
. 95
45
220
. 8
31s
Osceola
IQuincy
Superior ......
Sup ft Boston.,
Shannon
i Utah Con
1 ;isi Winona
17 (Wolverine .....
2iGranby Con ...
48 Green Can
9
24
37
a
7
8.1
3
50
10
22
20
Calu ft Ariz
Calu ft Hecla.
Centennial . . , ,
Copper Range.
East Bulla ,,
Franklin
le Royale . .
Lake Copper. .
Mohawk
North Butte .
Liberty Bond Quotations
NEW YORK. April 12. Liberty bond
.inntfttinnK closed as follows:
U a LID 3 sS, . .yo.uoi DO ou
do 1st 4s Si.iU do 4tn 4 vs... si. o.
do 2d 4s 87.40Viutory 3s .. .117.58
do 1st 4 Vs... 87.621 do 4Vk 97.58
do 2d 4 ...87.501
Money, Silver, F.tc
NEW YORK. April 12. Prime mercan
tile paper. 714 07 per cent.
Time loans firm, sixty days, 90 days
and six months. 6 07 per cent.
Call money firmer; high, 7 per cent; low,
7 per cent; ruling rate, 7 per cent; closing
bid, 6 per cent; offered at 7 per cent; last
loan, 7 per cent.
Foreign Bonds.
Foreign bond quotations furnished by
the Overbeck ft Cooke company of Port
land:
Russian 5 s.
Russian 5 'A a.
Russian 6Ws.
French 5s, 1931
French 4s. 1U20
French 6s, 1920 .
Italian 5s.
British 5s, 1U22
British 5s, 1927
British 5s. 1929
British vky 4s. .
British ret 4s . .
Belgium rest 5s
Belgium prm 5s
German W. L 5s
1921..
1!2. .
1U1U..
QUOTATIONS
Market
OJT ' DAIRY PKODCCE
Batter, Cheese
Fricee Baling oa
and Egg.
SAN" FRANCISCO, April 12. Butter
Extras, 41 c; prime firsts. 38c.
Eggs Fresh extras,' 28c; extra firsts,
27 be; firsts, nominal; dirties, 28c; extra
pullets, 27c: undersize pullets. 22 14 c.
Cbeese Flats, fsncy, 22c; firsts. 20c;
young Americas, 22 c; firsts, nominal.
CHICAGO, April 12. Butter higher.
Creamery extras 460 46c; standards, 44c.
Eggs Unsettled; receipts 46,225 cases;
firsts, 24c; ordinary firsts, 20 0 21c; at
mark, cases Included, 21023 c
SEATTLE, April 12. Eggs Select local
ranch white shell, 290 30; ditto mixed
colors, 27028c; pullets. 23024c
Butter City creamery. In cubes, 42c;
bricks or prints. 43c; country creamery
extras cost to Jobbers in cubes 39c .
NEW YORK, April 12. Butter steady;
creamery extras, 4949c
Eggs Weak, unchanged.
Coffee Futures Firmer.
NEW YORK, April 12. The market
for coffee futures showed a firmer tone
today, owing to reiterated reports of gov
ernment purchases in Brazil and the
steadier showing of Brazilian markets.
The list closed at a net advance of 15 to
18 points. May, 5.7.1c, July s.l9c; Sept.,
6.59c; October, 6.74c; December, T.OOc;
January, T.08c; March, T.25c
Spot couee quiet: itio is, oc; oantos as.
.
Naval Stores,
SAVANNAH. Oa.. April 12. Turpentine
firm, 47: sales 100 barrels; receipts, 158
bsrrels; shipments, four barrels; stock.
4665 barrels.
Rosin firm. Sales 202 barrels; receipts.
71 barrels: shipments, 56 barrels: stock, '
79.803 barrels. Quote: B, D, E. F, G. H.I
$3.90; J, $3.83; K. 1L JS. "Re. 1 1-05; WWi
$4.2. ..
Hamburg 4s ...
Hamburg 4s..
Lelpsig 4f ....
Leipsig 6s T....;
Bid. Ask.
18 20
8 10
14 21
66 67
45 46
67 68
33 84
8K2 894
368 3 so
871 83
295 3l6 '
272 284
66 68
71 - 73
12 18
13 14
12 . 16
15 16
14 . 15
id 17
tliil
1 .
BONDS
IMPROVEMENT
PROVINCIAL
SCHOOL
WATER
to yield
6 to "8.50
Western Bond &
Mortgage Go.
113
80 Fourth St,
Main
Board of Trade Bids.
Ground Floor.
We write your prospectus
and advertising that will sell
stock or bonds, and guaran
tee results. Mail full partic
ulars. Leonard & Co., New
York Block, Seattle, Wash.
CHICAGO. Anrll 12.' Prices throughout
tne grain and provision lint fell today
the lowest level since 1915. Hogs were
lower than at any time since February,
1910. Selling was general, based largely
world conditions. Wheat closed un
settled at the same ae yesterday's finish
to 1 cents down, corn off cents
to 14 cents and oats lost 4 cent to &
cent, r-rovislons varied from 27 cents de
cline to 5 cents advance.
Alany holders of wheat appeared to have
lost confidence in the likelihood of higher
prices, at least for the present. In par
tlcular, a number of owners of old crop
supplies snowed evidence of anxiety to
unload and a willingness to accept the
view that the curtailment of buying power
had been bo severe as practically to take
away hope of immediate relief. The con
sequent break in values resulted In export
rales totaling 1,000,000 bushels. Demand
otherwise, however, was confined seem
ingly to profit taking by shorts. Presi
dent Harding's message had no traceable
effect ae a market influence.
Corn and oats declined in sympathy
witn wneat.
No . adequate support developed for
provisions.
The Chicago market letter received yes
terday by the Overbeck A Cooke company
oi Portland said: - .
Wheat Liquidation .was renewed during
the first hour, but showed evidence of
having run Its course and the market
thereafter developed a firm tone. Promt
nent Interests who have recently been
identified with the short side of the mar
ket were credited with accumulating long
futures today. Another feature was the
buying by seaboard interests, followed
later by reports of over a million bushels
having been taken for export with addi
tional orders Just under the market. Coun
try offerings to arrive continued liberal In
the southwest, but at the same time re
ceipts at primary points were about 100,
000 bushels less than shipments. With
the evidence that liquidation has culmi
nated there are many constructive factors
heretofore overlooked which will be given
consideration. Not the least of these Is
the fact that the 1921 crop is still an un
certain quantity,, confronted with many
vicissitudes. Vv e believe the logical course
at this time Is to assume a position on the
buying side of the market during the weak
periods.
Corn-rold at new low levels on the crop
eariy in tne day and men turned strong In
sympathy with wheat The trading was
featured by buying of May by cash houses
against sales of July. A strengthening
factor was the firm tone, displayed In the
cash market where the -spot basis was 4
to 1 cent better than yesterday. Offerings
to arrive remain light and advices from
the country are increasingly persistent to
the effect that the producer is disposed to
Teed as much corn as possible to livestock
rather than accept present prices. In our
opinion liquidation has been quite thor
ough and the market now is In a position
to respond readily to constructive influ
ences.
Oats At this level of prices It Is very
unlikely that there will be any pressure of
casn irom the country and wuh the possi
bllity of a latent shipping demand devel
opment, after the opening of navigation a
stronger market is very probable.
.Leading futures ranged as follows:
WHEAT.
Open. Hich. Low. Close.
Mar $1.2V4 $1.274 $1.2.1 fl.2fi4
July .... 1.09 1.10 Vi 1.0854 1.10 V.
CORN.
May 574 .574 .fM .7iH
July 81 H .6114 .5974 (X)
For $560
Yon can purchase one
share each of eight sub
stantial listed dividend-,
paying stocks that will
brine thirty-two dividends
or a total of
$62 Annually
which would mean
11 on the investment
Purchase may be arranged
under our monthly pay
ment terms.
Copy of circular PG-4 9 sent
free upon request together
with our booklet "Thrift-Savings-lnvmtment."
.
&flRLEsRuiRK50N&li
66 BROADWAY NEWYORK
TELEPHONES : RECTOR. 4-663-4
The Second Largest
Shipping Point
Greybull, already the second largest shipping point
in Wyoming,1 is also one of the centers for refining
oil from the big Wyoming fields. Here the Standard
Oil and Midwest Refining companies have built
refineries valued at $5,000,000, which alone assures
. a permanent payroll. In addition the city is the
trading center for a rich agricultural region.
A SOLID BOND YOU SHOULD
KNOW MORE ABOUT
10-Year 7 Imp. Bonds
Greybull, Wyo.
A $75,000 issue secured by
more than $ 1,000,000 worth
of improved property.
7
Price
100
to Yield
INCOME
TAX EXEMPT
LUMSEKMEN5
Broadway and Oak
May ...
July ...
May v..
July ...
May ...
July ...
.3SK
,38
OATS.
.SOT '.SSI
.3S , .37 Is'
HESS PORK. .
1225 I5.S5 15.20 .
15.S0 13.65. lo.0 -j
1.AHD.
B-.75 9.82 0 03
107 . 10.27 10.07
SHORT RIBS.
Mar .... 8.82 8.92 8.70
July .... 9.S2 9.35 9.15
Cash prices were:
Wheat So. S red,' $1.27 1.30.
Corn uo. 3 mixed, 52V453"4e.
Oats No. 2 white, 37Vi&3I3c.
Rye No. 2. none.
Barley 80i73o. i
Lard $'J.70.
, .374
15.35
15.63
9 82,.
10.27
S!2
9.35
Primary Receipts.
CHICAGO. April 12. Car
Wheat, 41 vs. 34; corn, 31 vs.
19 vs. 11.
Kansas City: Wheat, 123 vs. :
14 va 7; oats, 2 vs. 3.
Minneapolis: Wheat, l.8 vs. ;
vs. 18; oats..- vs. 10 ; rye, a vs.
ley. 10 vs. 10; flax. 18 vs. 2.
receipts:
15; oats,
corn, 3
25; bar
Winnipeg- Grain Market.
WINNIPEG. Anrll 12. Cash wheat No.
northern $1.7'4. No. 2 $1.72, No. 3
$1.65. No. 4 $1.55. No. 5 $1.40, No. 6 $1.31;
leed $1.31, track 1.6S.
Oats No. Ii, wnue 4SiO, xvo. s asst.
Barley No. 3 74c.
Wheat futures May $1.58. July $1.384.
Canadian Cereals Rushed Across Border.
WINNIPEG. Man.. April 12. T.6cat rail
way officials said today uanaaian wneai
and flour sold to American dealers was be-
ina- rushed across the border to avoid the
heavy duty that would be imposed should
the Fordney tariff bill become a law in
the United States.
Minneapolis Grain Market.
MINNEAPOLIS, April 12. Wheat May
$1.21, July $1.15.
Flax Cash flax No. 1 $1.474 w I.43H.
Grain at San Francisco.
SAN FRANCISCO, April 12. Grain
Wheat, milling, $2.152.20; feed. $2.05
2.15; barley, feed, $1.0714 S1.12V4 ; ship
ping-, $1.201.35; oats, red feed. $L40
1.50; corn, white Egyptian, $1.5061.60: red
mill, $1.7591.80; rye, nominal.
Hay Wheat. $20(921; tame oats. $17
19; wild oats. $1215; hnrley. $12$15;
alfalfa, $17S20; stock, $1014.
Seattle Grain Market.
SEATTLE, April 12. Wheat Hard
white $1.13. soft white $1.12, white club
$1.12, hard red winter, soft red winter.
northern spring-, eastern red Walla $1.10,
Big- Bend bluestem $1.20. .
City delivery: Feed Scratch feed $52,
baby scratch feed $71, feed wheat $52. all
grain chop $43. oats $42.. rolled oats $44.
sprouting. oats $47, whole barley $10, rolled
barley $42, clipped barley $47, milled feed
$32, bran $32, whole corn $39, cracked
corn $41.
Hay Alfalfa $24. double compressed
alfalfa $30, do timothy $38. eastern Wash
ington mixed $32, straw $24. Puget sound
alfalfa $30.
Metal Markets. .
NEW YORK, April 12. Copper, quiet.
Electrolytic, spot and nearby, 12ic; Alay
and Jbne. 13a.
Lead, quiet. Spot, 4.250. -
.Zinc, teady. East St Louis delivery.
spot, 4.62tf4.70c. - -
New York Sugar Market.
NEW TORK, April 12. Raw sugar, 6.02c
for centrifugal. Refined, 7.65to.00o for
fine granulated.
FARMER EXCHANGE FAILS
Marketing Organization Assigned
for (Benefit of Creditors. :
MORTON, Wash.. April 12. (Spe
cial.) The Eastern Lewis County
Farmers' exchange, the first farm
marketing organization to be formed
in the state of Washington under the
Metcalf farm markets law, has made
an assignment of its assets to its
creditors.
The creditors association has taken
charge of the business and expects to
sell It at once, there being two buyers
ready to take it. In such case the
business would be conducted at the
same location, as tht real estate was
Included in the assignment, subject,
however, 'to certain claims against
it, one of which is a mortgage for
$2700 held by Joseph Moorcroft ' of
Randle.
$10,000,000
State of San Paulo
(Republic of the United States of BrazU)
Fif teen-Year 8 Sinking Fund Gold Bonds
External Loan of 1921
Due January 1, 1936
Interest payable January I and July 1.
Principal, premium and Interest payabte In Kw York Cltr t th
offjre of Messrs. Speyer & Co. in United States gold coin of tha
present standard of weight and fineness, freo from all Brazilian
taxes, present or future.
Coupon bonds, reglsterable as to principal only, In denominations
of $1000 and $500, not interchangeable. The bonds are redeemable
as a whole at any time after January 1, 1927. at the option of the
state, at 10S and interest, on six months' previous notice.
The Sinking: Fund payments are to be sufficient to
retire all the bonds at or before maturity.
This issue will be a direct obligation of the State of San Paulo,
commercially the most important state of Brazil, and in addition
will be secured by a first charge on the surtax of 5 francs per bag
on all coffee exported from the state, except that the government is .
entitled to deduct from this surtax 285,000 annually until August
1,1 924, After that date the entire surtax is to be available for
the service of the loan. Of this surtax 44 is pledged for the
service of the $10,000,000 bonds and is to be remitted in weekly
installments to Messrs. Speyer & Co., as fiscal agents of the loan
in New York, until the bonds are retired.
. Any unexpended balance remaining in their hands on November
15, 1925, is to be applied to the drawing by lot of bonds for
payrnent on January 1, I92fj, at 105. On each November 15
thereafter at least one-tenth of the balance of the loan outstand
ing after the said January 1, 1926, redemption, is to be drawn
by lot for payment on the succeeding January I at 1 05, and for
this purpose the state is to provide additional funds should the
surtax be insufficient AH bonds not previously retired by the
Sinking Fund are to be paid at maturity at 105 and interest.
We offer the above bonds, jubject to the approval of counsel and
-to prior sale, "if, as and when issued and received by us," at
9712 and Interest
Yielding at least 8.49 per annum, if held until
redeemed.
Bond & Goodwin & Tucker, Inc.
231 U. S. Nat'l Bank Bid. Telephone Bdwy. 3171
San Francisco Los Angeles Seattle
Cluster Lights Are Proposed.
CHEHALIS, Wash., April 12. (Spe
cial.) Cluster lights in the buainess
center of Chehalis and removal of a
large number of the telephone and
electric light poles from the streets
will be a reality at an early date if
the petition to the city commission is
acted upon favorably. A committee
of the Citizens' club, composed of D.
W. Noble, A. E. Judd and A. E. Pol-
iom. presented the petition, which
contains the necessary 60 per cent of
the legal frontage and 75 per cent of
the area required. City Engineer
Bantz will check the petition and it
was expected a resolution for the im
provement will be put through next
Monday,
Minstrel Show Booked.
ABERTiEEJs. Wash.. April 12. (Spe
cial.) Under auspices of the Aber
deen lodge of Elks, trte Minneapolis
All-Star minstrels, with a cast of 60,
a band and an' orchestra of 40 pieces,
nrnl a trice olnh of 3fi voices, will play
one night here, July 6, en route to the
convention of the grand lodge of Elks
at Los Angeles. Local Elks are seek
ing to arrange with the Aberdeen
chamber of commerce and the Ki
wanis and Rotary clubs for a Bight
seeing tour to impress upon the Min
neapolitans the resources of the
CJravs Harbor country.
Seaside Electa Teachers.
SEASIDE. Or., April 12. (Special
The school board of district No. 3
held its regular election of teachci
last week. This year there will be r
Increase In salaries, in view of t)
fact that wages In other lines ai
beinar greatly reduced.
State
off Oregon
ighway Bonds
Dated April 1, 1921 '- Due April 1, 1925
.; Denomination $1000
Price 99.29, Yielding 5.70
Exempt From All Federal Income Tax
Legal investment for savings banks and trust funds.
- Acceptable as security for postal
. savings and all other public funds.
Wire or telephone orders at our expense.
Ralph Schneeloch Company
municipal AND CORPORATION PCTANC2
WMQEPMCNS 8UII.OINO
PoRTiJu-tD , Ore g oi
HERRIN t RHODES, Inc.
(Established 1898) .
BROKERS
MEMBERS CHICAGO BOARD OF
TRADE.
Correspondent.. E, W. H U'lTON 4k
CO. Membrra Men York Stock Ex.
chan ice. 1'rivste Leawd Wire.
Direct to All Security and Com.
modify Market.
LIBERTY AND VICTORY BONDS
BOUGHT AND SOLD
MAIN 283 and 284
201-5 RAILWAY HJLCU. BLDO,
r
GAREFUL 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.
H
TTf, 1 lt VJuuALKut
MUNICIPAL BONDS
FREE FROM FEDERAL INCOME TAX
Yield
5.50
5.75
6.00
Due
State of Oregon 4V2..1928
Port of Seattle 4Vz. .1949
Jefferson County, Ore
gon 6s. 1941
Pierce County Dona
hue 6s 1921-1929 6.00
Walla Walla County
School Dist. No. 16
5 V4, Opt. 1922... 1930 6.00
Connell, Washington,
Water 6s... 1935-1939 6.00
Lewis and Clark Co.,
Mont, S. D. 6s.... 1940
Enterprise, Or., Im
provement 6s. . ... .1922-1931 6.15 to 7
Blyth, Witter. &, Co.
Ycon Bldg.. PORTLAND
SEATTLt - SAM FRANCISCO-LOS ANGELES- NEW YOIUC
6.00
Principal Shipments in 1920 Were 5604 Carloads
City
of
T
o
p
p
e
i
s
h
Wash.
7's
at
Par
There was more s great deal more. Figures shown below
cover only the big commodities, those exceeding one hundred
carloads. Can you beat It? Do you know of another com
munity of 7000 people that can touch this record? This
Is not In Tennessee or Wyoming but right here at home, In
the Takima Valley. Does it occur to you what such figures
mean in agricultural income?
Toppenlsh has the largest nursery in the state. It has bank
deposits of 11,500,000. Building permits for 1920 aggregate
$316,800. It has a sugar refinery that cost $1,250,000.
Hay
Grain
Fruit
.- .'tt
..3,149
Potatoes ....
Sugar . . ...-3
Livestock . . .
Sugar Beets..
293
110
846
250
256
700
Toppenlsh is the trade center of
a vast area of the famous Tak
ima valley. V"e own and offer
you $10,200 of Toppenlsh 7 one
to ten-year street Improvement
bonds at par and accrued interest
to yield you a full 7, Income tax
exempt. Can Tou Beat it?
Denomination $200.
tlal payment plan,
or write.
Cash or par
Call, phone
Carloads 5,604
We specialize In
Liberty and Victory Bonds
See us before you buy or sell
-5' "-?".
Freeman, Smith & Camp Cot
aooHt ruoa
LUMBKRMKNS BUILDINO
FIFTH AND STARK
WAT S749
1