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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 15, 1921)
TITE MORNING OREGOfalAN. FRIDAY, APRIL 15, 1921 1 REACTION IN WHEAT Tl BOUGHT TO BE DUE not begin shipping strawberries In car- i iviM sdiii May e. A new orange package made Its appear I ance yesterday when a shipment of small sises in 30-pound tugs arrived on the street. They were quoted at 11.25 per lug. Increase) in World's Shipments. World shipments)! wheat last week and the same week last year were as follows: Wk. ending Wk ending Apr. n.'Sl. Apr. 10. zu. ISTEEL AND RAILS Buyers and Sellers Wait for Market to Settle. . COUNTRY TRADING SMALL Bids Are Unchanged With Demand mad Offerings Light India Crop Prospects Not Good. IXDl'STRIAL SHARES ARE ALSO CXDER PRESSURE. C. a and Canada Argentina ....... Australia ........ Others Total e.sai.ooo 4,192.01)0 4,4 16.000 72S.OO0 $.$11,000 7.2O4.0O0 1.1 KH. 000 SU.OOU 15.857.000 11.768.000 Shipments for the season to date com pare as follows: Total since Same period July 1.'20. last season. U. 8. and Canada. .343. 125.000 240.223.000 Argentina Bu.K62.000 1AX.073.VO0 Australia 47.446.000 80.2B2.0O0 Others 9.706.000 1.842.000 Total .. 4U0.13U.000 481,300.000 Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearances. Balances. Portland I5.S02.270 SOD7.704 Seattle 4.31)2.717 V 18.328 Tacoma .;. 464.602 BS.iil Spokane 1.612,883 504.033 PORTLAND MARKET QUOTATIONS Grain, Floor and Feed. Merchants' Exchange, noon session. Bid- Wheat April. May. Hard white $108 $ 1.08 Soft white J. White club 1.06 Hard winter l.Ui Northern Spring ............. l.oi Red Walla I.U3 Oats No. 2 white feed 35.00 Corn No. i E. T. shipment 28 50 FLOUR Family patents, $8.20 per bar rel; whole wheat. $6.60; graham, $8.4u. MILLFEED Prices f. o. b. mill: Mill run, 128 per ton: rolled barley, $38540; rolled oats. $39; scratch feed, (53 per ton. CORN Whole, 88; cracked, $41 per ton. HAT Buying prices f. o. b. Portland: Alfalfa. $10 per ton; cheat, t2223 per ton; clover, $18; valley timothy, 1.06 1.08 1.03 1.03 1.03 24.00 28.06 Wheat was tower again In the east, but bids here were the same as on Wednesday. In the county buyers offered 85 to 93 cents according to quality, but there were few sellers among the farmers, nor did the demand from exporters amount to much. On all sides the tendency was to wait and see what la going to happen to the market. Conditions . are so compli cated by the foreign situation that dealers would not hasard a guess as to how much ' lower prices msy go. In some quarters, however, it Is thought a reaction is due and wilt show Itself when the . British labor troubles are adjusted. Offers for wheat made at the local board session were the same as the day before. Two hundred tons of Msy white feed cats were sold at the Exchange, one lot J Eastern Oregon timothy, $28. st $23 and one at $24.50. There was not . much Interest in the other coarse grains. Cable advices from India said the crop prospects were very poor for wheat. The crop being harvested this month In the greatest wheat growing district of India will be materially smaller than the 1920 crop. The 1920 crop which, according to the final official estimate was 377,000,000 bushels, has been exceeded but twice and then only by 5.000,000 to 8.000,000 bushels This season the area in wheat is 5,000,000 t- 8.000.000 acres less than last year and. furthermore, extreme drouth conditions prevailed In the wheat districts throughout last summer and fall and until the middle of January. From June until September the rainfall was much below normal, and during the remainder of 1920 it was even lighter. Good rains finally fell about the middle of January. If rains do not come in the summer or early fall with the monsoon (the prevail ing southwest wind during that season, which begins in the summer and should bring the rainy season) the crop outlook is unfavorable from the outset. And if November passes without rains, the situa tion Is regarded as serious. A season simi lar to the one Just passed was that of 190T-8. when little rain fell before the sec- nnA w . W r, f ...... lOftft T"4v ,.-. crop that year was only S29.0O0.0OO bushel. ""T.fc YiMrS hamper. Dairy and Country Produce. BUTTER Cubes, extras, 37638c: prints, parchment wrapped In box lots, 39c; car tons, 40c Butterfat, buying price: A grade 35c; B grade, 33c; Portland delivery. EGGS Buying prices, case count, 22 J23c delivered. Jobbing prices to re tallers: candled ranch. 25c: selects. 2Sc CHEESE1 Tillamook triplets, price to jobbers t. o. b. Tillamook, . 28c; Young Americas, 29c pound. POULTRT Hens, 23 30c pound: ducks, nominal; geese, nominal; turkeys, nom inal. PORK Fancy. lc per pound. " YEAL Fancy, lc per pound. Fruits and Vegetables. FRUITS Navel oranges, $S. 50 5.75 per box; lemons, t3.604.75; grapefruit, $3.25 68.23 cer box: bananas, low 11c pound ; pies, $1.35i94 per box: strawberries, $7.50 per crate. 30c per basket. VEGETABLES Cabbage, S4c pound: lettuce. $45.50 per crate: carrots. $1.23 per sack: garlic, 15620c per pound: beets, $1.25 per sack; cauliflower. $1.75 per crate: celery, $7 per crate: green pep pers. 30 45c per pound; rhubarb, 9c per pcund; spinach. 89c per pound; turnips, $1.502 per sack: tomatoes. $5 per lug: cucumbers. $1.753 per dozen; peas. 14(S 13c per pound; asparagus, 15c per pound. $2.50 per box. POTATOES Oregon. 1191.20 P Jw Shorts Favored bjr News Develop ments of Day Bond Market at Xew York Is Irregular. NEW YORK, April 14. The stock mar ket resumed its reactionary course today, rails and steels closing with net recessions of 1 to 4ft points. Commodity markets, especially grains, also were unsettled. The British labor, conflict and the argent financial requirements of railroads and in dustrial concerns assumed graver aspects. Conspicuous features of the reversal em braced Canadian Pacific Delaware sc Hud son, and Louisville, de Nashville. Among weaker industrials and specialties were Crucible and United States Steels, Pullman and General Electric Sugars, tobaccos, utilities and finally the oils and motors also gave way. Low est quotations were made In the last hour. Supporting orders then were negligible, at best a nervous tone prevailing at the close. Sales were 573,000 shares. Call and time funds were unaltered, but international remittances were firmer, the Italian rate making a further marked ad vance. - Numerous railway bonds tended down ward, especially convertible Issues. Lib erty bonds were mainly lower, but Inter nationals were Inclined to further im provement. Total sales, par value, $8,775,- 000. CLOSlNXr STOCK QUOTATIONS. Last Hlirh. Low. Sale. 5S o 1 ts ' 2814 284 28 122 121 121). 42 or nearly 100.000.000 short. Fortunately, however, the crops do not entirely depend upon rainfall. Great sys tems of Irrigation save vast districts from famine in seasons like the present, for without Irrigation certain large areas could to produce enough foodstuffs to feed the population. No further changes were made In local flour prices beyond those announced for yesterday morning. At Minneapolis millers during the day announced cuts of 15 to 40 cenes in wheat flour and 10 to 15 cents a barrel In rye flour. Terminal receipts. In ears, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay roruana. Tnur. 03 Tear ago 2 Season to date. 14333 Tear ago 7033 Tacoma. Wed.. 9 Year ago 4 Season to date. 4037 Year ago (347 Seattle, Wed... 7 Year ago 9 Season to date. 4237 Year ago 5384 4 1 t 4 ......... 230 706 490 2172 171 3331 422 1966 . 2 "i 7 " s 4 830 127 833 81 2863 171 783 3 1 4 5 2f4 8S9 405 124$ 238 797 3 1134 PRESERVING OF SKINS IMPOBTJiAT Small Packers Have Means of Keeping Stock Until Demand Revive. At the present time, when the hide de mand is at a standstill and stocks are rapidly accumulating in country butchers' handa knowledge of a means to preserve them is Important. A Chicago firm h sent out the following formula: If you want to keep tender calfskins. kip, slunks, pelts, lambs' and shearlings free from salt rust and stains, you can do so my using sine chloride. The use of sine chloride instantly checks the lique faction of the bacteria and keeps the skins clean and fresh without loss of substance er deterioration longer than they are gen erally held. The sine chloride Is used as follows: Make a stock solution of one pound of zinc chloride to one gallon of water. Use one pint of the solution te one barrel of water. The stock solution and the liquid in the barrel should be stirred well before using. The skins should be handled aa follows: First, take them off free from cuts, using the knife only when necessary and keep the skins as elean and dry aa possible ; second, whea yos take the skins off warm, spread them eut and let them cool off before salting; third, salt the skins in clean fine medium er coarse salt. Sea or solar salt preferred. Rock salt should not be used on tender calf and aheepskina Salt the skins flesh up. head on head and tail on tall, spreading plenty of salt on the body of the skins and rubbing the salt in the heads, edges and legs. Bleed tbs skins well In the first piles a few days, then shake off the first salt and pack the skins with new salt moistened with a solution of the sine chloride from the barrel. Enough of the zinc chloride solution should be used to moisten the salt until a little taken In the hand and pressed oosee moisture. Spread the moist salt on calf, kip and slunks and pack in the usual way and they will keep in good condition for six months or a year, if necessary. ONIONS Oregon, T5c6$1.25 per sack. Staple Groceries. Local jobbing quotations: SUGAR (sack basis) Cane granulated, 9c per pound; beet. 9.15c per pound. NUTS Walnuts. 22630c pound: Brazil nuts. 27c: filberts. 12c; almonds. 28629c: peanuts, 710c per pound; cocoanuts, $2 per dozen. HONET Comb. $7.75 per case. RICE Blue Rose, 6 Vic pound; Japan style. 4c per pound. BEANS Small white. 5c: large white. SHe; pink. 7Hc; lima. 8 'tic; bayou, 11 hie: red. 714 c per pound. COFFEE Roasted, bulk. In drums, 149 36c per pound. SALT Granulated, bale, $3.5074.25; half ground, ton, 50s, $17.75: 100s, $15.30; lump rock. $26. DRIED FRUITS Italian prunes. 6c pound: dates, $4.25.85 per box; figs, $2 t5.25 per box. Provisions. HAMS All sizes. 80 6 37c: skinned. 260 36c; picnic, 17 19c; cottage roll. 80c BACON Fancy. 48653c; choice, 3U 35c; standard, 26 28c LARD Pure, tierces, 17c pound; com pound, tierces, 12c DRY SALT Hacks, X2 925C; plates, 1HC Wool Hope. Etc WOOL Nominal. TALLOW No. 1. 34 64c; No, 2. SViO 3c per pound. CA8CARA BARK 1920 peel, 7c pound; 1921 peel, 6c pound, delivered Portland. HOPS 1920 crop. 15 ft 20c per pound. HIDES Salted country hides, 4c deliv ered Portland; grubby hides. 3c; city calf skins. 10c: country calf skins, 8c; good kip. 6c; grubby kip. 4c MOHAIR New clip. 17?18c per pound. GRAIN BAGS Car lots, 7c coast. Sales. Am Beet Sug l.uoo American Can 300 Am Cr 4 Fdy 2O0 A H & L. Dfd 200 Am Inter Corp 600 4114 Amerlcn Loco 2.2O0 84 Am Sm 4 Rfg 2.600 SUVs Amerlcn Sugar 8,O0 90 Am Sum Tob 4,000 7314 Am Tel & Tel 800 103 Amern Woolen S,3"0 72 Anaconda Con 1.900 3814 Atchison 2,500 79 At. Glf W I 11,000 . SK Baldwin Loco 10.700 K4 44 Balti & Ohio 800 84 Beth Stl -B" T.0O0 54 Bt Az Sup Cop 300 11 Calif Petrolem 7.80O 4514 Canad Pacific 15,000 111 Centrl Leather l.'.)0 3314 Chand Motors 2.300 7814 Chi. M & St P l.OOO 24 Chicg & N W 6O0 61 Chi. R I & P SO0 25 Chino Conner. 1.4(H) 2a Corn Products 2.30 71 Crucible Steel. 26.200 82 Cuba Cne Sug 2.31)0 20 ETie 1.100 Jl74 Genrl Electric 2.2O0 134 Generl Motors 11,000 1314 Gt North, pfd 4.700 6714 It Me Ma, pfd 200 50 Intern! Nickel 4O0 14 Interntl Paper 6.71)0 61 14 K C Southern 8i0 24 Kenne Copper 90 19 Louis & Nash 100 97 Mexl Petrolem 29.000 138 Miami Copper 1.01)0 10 Mid States Oil 2.900 13 Midvale Steel. 0 '-'14 Missouri Paclf 1.100 17 Nevada Coppr 40 11 N Y Central 1,400 6714 N Y. NH&H 1.300 1614 Norfk & West 1.1O0 93 North Pacific 12,300 60 Ok Prd & Rfg 1.1H)0 3 Pan-Am Petri 2.200 6S Pennsylvania.. ' 6.100 33 Pitts & W Va 40 2414 Ray Con Cop SIM 12 '4 Reading 4.8O0 67 Reo lrn A Stl 12.000 0 Rvl Dtch. N Y 2.4O0 61 Shat Ariz Cop Shell Tr & Td Sin Oil ft Rfg South Pacific South Railway s r V J. nfd Studebkr CorD 30.3OO Texas Co 4.4O0 Texas ft Pacif 100 Tobc' Products 2.300 Transcontl Oil 42,100 Union Pacific. 5.300 U S Fd Prdts 2.4O0 U S Ind Alco 1.200 U S Rtl Stores 1.100 U S Rubber.. 7.700 U S Steel 20,300 V S Steel, pfd 2"0 Utah Copper. Weetrn Union Wests' Electric Willys - Over 31)0 100 T.9O0 3.6O0 1,300 TOO U S 2s reg. do coupon V S 4s reg. do coupon Pan 8s reg. do coupon A T ft T cv Atcb gen 4s 40 23 72 19 109 77 41 19 48 ' 12 114 2114 63 49 73 80 109 50 81 40 8 BONDS. ..99N Y C deb Ss. ..91;N P 4s .104N P 3s ....... .104PacT ft T 5s. . ..."79Pa con 4s.. ..78IS P cv 5s s. 9iSo Ry 6s 761U r 4S . 6O0 1.2O0 1H)0 1.400 Low. 37 28 121 42 41 84 38 88. 72 103 70 37 78 34 83 33 63 11 43 110 32 77 24 61 24 21 71 80 18 11 1S3 12 66 49 14 60 24 18 97 136 19 13 26 16 10 67 16 92 69 3 67 32 24 12 67 58 60 5 40 23 72 19 10S 75 41 lit 47 10 114 20 6.1 48 72 79 109 50 90 - 46 7 Frankfort 4s ..... Japanese 4s Japanese 1st 41s Japanese 2d 4s . Paris 6s U K 5s. 1921 ... U K 5s, 1922 ... U K 5s, 12 ... U K 6s, 1937 ... 15 65 82 82 97 99 95 88 84 IT 65 B3 83 98 99 95 89 85 I Metal Market. NEW YORK. Aoril 14. Copper oulet. Electrolytic, spot and nearby, 12 e; May ana June J3c Iron nominally unchanged. Tin firm. Spot and nearby, 30c; futures. zv. IOC I Antimony, spot, 5.12 3.25c . Lead? quiet. Soot 4.25c Zinc quiet. East SL Louis, spot 4.62 4.10C New xjsrk Sugar Market. NEW YORK. April 14. Raw sugar, 6.64c to 5.77c for centrifugal. Refined, 7.65c to 8c xor line granulated. i Duluth Linseed Market, DULTJTHr' April 14. Linseed, on track, $1.43gL45; arrive. $1.43. NO CATTLE ARE RECEIVED PART Of HOG SHIPMENTS ARE OOXTRAOT BUSINESS. D ft H a con 4s-63 U 8 Steel 5s.. 4: 41 84 39 8S 73 105 70 38 7S 85 84 S3 54 11 44 110 33 78 24 61 24 71 81 18 11 - 134 13 97 60 14 60 24 . 18 97 137 19 13 26 16 10 67 16 93 69 3 6S 83 24 12 67 B 69 6 40 23 72 19 108 76 41 19 47 11 114 20 J 49 72 79 109 DO 90 40 7 88 . 75 , 04 . 84 . 8 ,88 . 83 . 79 . 93 Prices Generally Steady and Un changed at Xorth Portland Yards. Spring Lambs Are Moving. Hogs and sheep made up all the ar rivals at the stockyards yesterday and a part of the hog shipments were on con tract. Those for the open market sold fairly welt, but nothing brought over $11. Sheep continued slow. More spring lambs are coming In and bring $8 to $9. The cattle' market was uninteresting. Receipts were 829 hogs and 281 sheep. The day's sales were as follows: WL Price. I Wt. Price 5 steers 860 $ 6.25! 5 lambs 78 $ 7.00 4 steers KM) 8.251 66 lambs 65 8.50 6.251 20 lambs 61 2 25' 44 lambs 72 2.001 48 lambs 67 2.00! 5 lambs 78 S.00'107 weth's 8 steers 940 lcow.. 940 lcow.. 1050 lcow.. 810 lcow.. 1030 1 cow.. 1250 lcow.. 10S0 I calf.. 1 calf.. 1 hog.. 1 hog. . 4 hogs. 2 hogs. 20 hogs. 8 hogs. 28 hogs. 1 hog. . 43 hogs. 22 hogs. 2 hogs. 1 hog.. 6 hogs. 5 hogs. 1 hog.. T hogs. 8 hogs. ' 4 hogs. 7 hogs. 6 hogs. 100 lambs 21 lambs 45 lambs 5.50! 4.101 150 11.00 140 11.00 390 250 215 10.251 815 8.501 243 10 30! 456 9.001 181 11 00 510 6.00 235 11.001 222 11.00 505 6.001 850 9 00 610 6.001 ICS 11.00 120 10.50 192 11.00! 176 11.001 205 10.30 430 600 221 10.501 60 73 94 10 weth's 108 7 weth's 150 lambs 27 lambs 6.00 9 lambs 8.501 25 ewes. . 8 hogs. 4 hogs. 6 hogs. 1 hog.. 12 hogs. 2 hogs. 1 hog. . 11 hogs. 4 hogs. 7 hogs. 8 hoes.. 5 hogs. 7 hogs. 1 hog.. 3 hogs. 2 hogs. 1 hog.. 1 hoe . . 9.00! 27 hogs. 001 7 hogs. 60 52 56 80 104 201 165 206 800 165 190 230 213 290 147 180 190 174 840 243 2l0 860 3h0 121 98 8.50 5.50 . 9:00 7.00 5.00 6.00 5.00 9.00 . 9 00H 7.00 50 00 11.00 11.00 6.00 11.00 11.00 10.00 11.00 10.50 11.00 11.00 11.00 11.00 6.00 10.50 10.50 6.00 6.00 11.00 10.50 I IJQUIDATTOX APPARENTLY HAS RUN ITS COURSE. '255 barrels; shipments, 10 barrels; stock, .77,943 barrels. Quote: B. $3.90; D, E, F, G, 'H. $3.9004; I. $3.956 4; K. $454.10; M, $4.10; N, $4.204.30; WG, $4.50; WW, J. Dried Fruit at New York. NEW YORK. April 14. Evaporated ap ples quiet and steady; prunes firm; peaches quiet. Leading Traders Declare That De pressing Factors Have Been More Than Discounted. 03 6.00! The following prices are current at the local yards: Choice steers Medium to good steers Fair to medium sxeers. .$ 7.25 8.00 . 6.50f 7.60 R.OO'ii 6.50 5.00i 6.00 6.00 6.75 Bid. Mining Storks at Boston. BOSTON, April 14. Closing quotations: BCTTEB WILL DROP AGAIN TODAY Three-Cent Decline Is Announced By Local Creamery Men. Print juttsr prices will be reduced threw cents this morning, which will again put the market on a 9-cent basisi The buying pries of butterfat will also be cut three cents. Local creamery men decided on thht action when tbey received word from Seattle that there will be a similar decline there today. There was a de mand for cubes throughout the day former prices and some shipments were made to the sound.' The government has Placed orders for butter in several of the coast markets and it Is eaid Portland dealers landed an order for a carload. Alt these coast orders can. therefore, be filled at a lower price. Eggs held at 23 cents, buying price for current receipts, and the same bids are good for today. Dealers, however, regard the market tendency as weaker, as out side orders are lighter and receipts con tinue large. Poultry receipts were eery small and prices firm at the old range. Dressed meals were steady with freer arrivals of veaL LOS ANGELES STRAWBERRIES HERE First Straight Carload en Way North. Loose Park Oranges Received. The first Los Angeles strawberries arrived In refrigerator chests and sold at 30 cents a basket. A straight car of Los Angeles berries, in crates, is In transit bound for 8eattle and a part of the ship ment wilt be taken off here. The cgr is due Saturday morning. A few crates of Florin berries came la and sold at $7.50 a crate. Florin will! Oils. LINSEED OIL Raw. in barrels. 89c five-gallon cans, $1.04. Boiled, in barrels. 91c: five-gallon cans. $1.06. TURPENTINE In drums, 89c; five-gal lon cans. $1.04. COAL OIL Tank wagons and Iron bar rels, 17c; cases, 80037c GASOLINB Tank wagons and iron bar rela, 80c; cases. 42c SAN FRANCISCO PRODUCE MARKET Prices Current en Vegetables, Freeh Fruits, Etc, at Bay City. SAN FRANCISCO. April 14. Vegetables Asparagus. 54THc; squash, cream, 65 v 73o: potatoes, rivers, $262.85: sweets. Nancy Hall, $5.0096.00; new, 5it6c; fancy ?a.rneta. wsc: onions, Australian Drown, 40 W 50c; green. $1.2391.50: celery, 11.23 8.00 crate: garlic 8910c; cauliflower. 40 276e dozen: cabbage, lc pound; Dell pep pen. 5915c; turnips, 50c$l; beets, $1 471.50 sack; parsnips. $2.002.25: carrots. 75c$1.00; peas. 598c: rhubarb. Alameda, I1.35I&2.00: lettuce. 32.?;u2.ou: artichokes. $5.007.00 crate; spinach. 395c; string beans, Coachella valley, 253dc; hothouse, 45650c; eggplant, 10920c Poultry Hens, 28940c; strictly young roosters. 40 9 44c; old, 2022c; fryers. 50 953c: broilers. -'SUfDUc; ducks. 30 9 35c sauabs. 50 9 55c: pigeons. $3.00913.50: Bel. glan hares, live, 23 9 23c; jackrabblts, $8.00 98.50 dozen. Fruit Oranges, navel, $2.0094.75; ap pies. $1.75lO'3.25; strawberries, southern California. $2.7593.25 crate: Peninsula. $1.8591.73: bananas, ,9910c; avocadoes. $397; lemons. 2.ooe3.a0; grape fruit. $1.5093.50; tangerines, s1.auu03.3o. Receipts Flour, 8974 quarters; barley. 2067 centals; beans. 2319 sacks; potatoes, 2193 sacke; onions. 10 sacks; oats, 7 sacks; hides, 44 bundles. QUOTATIONS ON DAIRY PRODUCE Market Prices Ruling on Butter, Cheese and Eggs. SAN FRANCISCO. April 14. Butte: Extraa, 38c: prime firsts, 37c Eggs Fresh extras, 28c; extra firsts, 26c; firsts nominal; dirties, 2..c - extra pullets. 26c: undersize pullets, 22c. Cheese Flats, fancy, 2lc; firsts. 20c; Young Americas, 23c; firsts, nominal. CHICAGO. April 14. Butter unchanged. Kggs higher: receipts 15,938 cases: firsts, 23c: ordinary firsts. 21922c; at market, cases inciuaea. :io:ic. NEW YORK. April 14. Butter weak: creamery higher than extras. 48 949c: creamery extras, 48948c; creamery firsts. 45947 c Kggs steady; fresh gathered extra firsts. 28929c: fresh gathered firsts. 25 9 27c Cheese unsettled; state, whole milk flats fresh specials, 22 9 23c; others unchanged. SEATTLE. April 14 Eggs Select l'ocai ranch, white shells. 2930r: ditto mixed colors. 27928c: pullets. 23924c. Butter City creamery in cubes. 42c: bricks or prints. 43c; country creamery ex tras, cost to jobbers. In cubes, 39c Coffee Fntures Irregular. NEW TORK, April 14. An opening de cline of 4 to T points In the market for coffee futures wss followed by rallies on reports of a steadier tone in Brazil as a result of a recent government buying. The general market closed net unchanged to Doints lower, uiosmg oias: May o.K.lc. July 6 23c, September 6.65c, October 6.60e, December 7.09c January 7.13c, March T.84c Spot coffee was reported quiet at 6 to 6o for Rio 7s and e to 8o for Santos 4s. I Allouez Ariz Com Calu ft Ariz ,. Calu ft Hecla. Centennial . . . Copper Range. East Butte . . Franklin Isle Royalle .. Lake Copper. . Mohawk 19 North Butte . 8 lOld Dom . 46 jOsceola .222 (Qulncy . 7 ISuperior . 84 Sup ft Boston. . 8 Shannon ..... . llUtah Con ..... , 17Wlnona . 2Wolverine . 48iGranby Con .., 10 17 23 87 S 1 85 8 50 11 22 Liberty Bond Quotations. . NEW YORK. April 14. Liberty bond quotations closed as follows: U S Lib 3s...90.10 do 3d 4s... 90.70 do 1st 4s 87.401 do 4th 4 s.. ,87.50 do 2d 4s....87.3iVlctory ss .... do 1st 4s. ..87.601 do 2d 4s.. .87.361 do 4s 97.69 Swift ft Co. Stocks, dosing prices for Swift ft Co. stocks of Chicago were reported by the Overbeck Cooke company of Portland as follows: Swift ft Co 99 LFbby, McNeill ft Llbby 10 National Leather T Swift International 25 Money, Silver, Etc. NEW YORK, April 14. .Prime mercan tile paper, 7 97 -per cent; time loans, firm; 00 days, 90 days, six months, 6 9 7 per cent. Call money, firm; high, low, ruling rate, offered at and last loan, 7 per cent; closing bid, 6 per cent; .bank acceptances, 6 per cent. Bar silver Domestic 99c; foreign, 58c. Mexican dollars, 44 c LONDON. April 14. Bar silver, 84d per ounce: money, 5 per cent. Discount' rates, short bills, 6 per cent. Foreign Exchange. Foreign exchange rates at close of busi ness yesterday, furnished by Northwestern National bank or fortland. The amount quoted is the equivalent of the foreign unit in Lnited states funds: Country. J Unit. Austria, kronen Belgium, francs Bulgaria, leva Czecho-Slovakia. kronen Denmark, kroner England, pound sterling Finland, finmark Common to good steers Choice cows and heifers Medium to good cows, heifers 6.50W 6.00 Fair to medium cows, heifers 4.00 6.60 Common to fair cows, heifers 4.00 9 6.00 Canners 2.50 4.00 Bulls 350 5.00 Choice dairy calves 11.00911 50 rnme agnt calves 7.00910.50 Heavy calves 4.00 7.00 Best feeders 6.00 9 6.50 Fair to good feeders 5.50 9 6 00 Hogs Prime light Smooth heavy. 250 to 300 lbs. Smooth heavy, 300 Ibs and up 8.004D 9 50 Rough heavy 6.009 9.00 Stag 5.00 9.00 Fat pigs 10.50911.00 Feeder pigs 10.00 911.00 Sheen Prime east-of-mountaln lambs valley lambs Heavy lambs, 90 lbs. and up. Feeder Iambs Cull lambs Yearlings ................... Wethers Ewes ..1 10.50911.00 9.501a. 10.50 7.00 8.00 5.009 6.23 8.009 6.00 5.00 9 6.00 4.00 ffl 8.00 5. SOW 6.00 e.OOiffl 6.75 1.509 4.60 Chicago Livestock Market. CHICAGO, April 14. Cattle Receipts 9000 head: beef steers steady to 15c lower; prime 750-pound Steers and heifers $9.50; top heavy bullocks $9.25: bulk beef steers $898.75; butcher she stock 10c to 16c higher; bulk fat cows and heifers $5,509 7.75; some export demand for she stock; bulk canners and cutters $2.50 9 4; bulls steady to 25c higher, bulk $596.25; calves steady, bulk vea)ers to- packers $798; stockers and feeders steady, bulk etockers and feeder steers $6.25 97.73. CHICAGO, April, 14. For the first time In several weeks buying power in the grain markets broadened somewhat today,, ana liauldation eave evidence of having per haps spent its force All deliveries of wheat and corn, after touching new low record prices for the season, rallied to above yesterday's finish. Wheat, however, failed to hold the advance and closed weak, 1 cent to 1 cents net lower, with May $1.21 to $1.21 and July $1.03 to $1.06. Corn gained cent to cent net and oats a shade to cent and cent. Provisions lost 17 to 4o cents. At first bearish reports concerning in dustrial and financial conditions tended to keep wheat on the downgrade and so did favorable advices on the crop outlook Values aulckly decsended to the lowest level yet for the season. Then d leading house here today took an open stand that depressing factors had been more than discounted. Others were inclined to the same opinion, and throughout the rest of the day the market assumed a more nveiy two-sided character than has recently been the case. Sellers, thmigh, appeared to be in a majority again during the last 13 minutes of the session. Influenced pos sibly by absence of export demand. Corn and oats were relatively firm from the outset, responding to an Improved cash inquiry. A fair amount of corn was said to have been taken for Europe. Declines in the hog market weakened provisions. The Chicago market letter received yes terday by the Overbeck ft Cooke company of Portland said: Wheat Liquidation was renewed at me opening, but offerings were well aosoroeo and the market gained strength about midday, only to decline sharply at the close, coincident with the report that there Is little hope of an immediate settlement of the British strike. Influential news was lacking except that attention was directed to the fact that Argentine wheat laid down in Liverpool and the continent Is now 14 916c abort American, and al though there was no export business con firmed today, this clearly Indicates that foreigners will be attracted to our market In preference to the southern hemisphere. Cash premiums were firm in all markets and offerings from the country said to be somewhat less pressing. While the crop outlook is uniformly favorable, we would not consider It an act of wisdom to take the short side of the market at this level based on scenery' which might easily change between now and harvest time. "Corn Declined In sympathy with wheat, but showed an undercurrent of strength late in the session. Exporters were in the market and took a fair quantity. At this level of prices there seems little Induce ment to make short sales as the country Is not selling cash corn and any moderate improvement In the consumption would be quickly reflected in futures. "Oats Had a firm tone despite the liquidating pressure at the outset and closed at a small net gain. Cash pre miums were without Important change. Country offerings light. "Rye Liquidation In May continued and prices dropped to new low levels during the early part of the session. Later, the market recovered in sympathy with other grains. Local exporters reported offerings to the seaboard failed to bring out any new demand." Leading futures ranged as follows: WHEAT. Onon Hlirh. LOW. 1.07 1.05 CORN. .55 .54 - .59 .58 OATS. May .34 .3 -SJH July 86 .36 .36 May July May July ..$1.22 .. 1.06 .. .54 .. .58 May . July May July MESS PORK. ..15.50 15.50 15.30 LARD. .. 8.7T 9.77 9.60 ..10.17 10.17 10.00 SHORT RIBS. 8.80 8.80 8.65 .. 9.22 9.22 9.05 Close. $1.21 1.05 .85 .59 .85 .36 145 15.30 9.62 10.02 BANK ASSETS $532,665 Kelso Institution Is Expected to Pay 70 Cents on Dollar. KELSO, Wash, April 14. (Special.) Liabilities of the Kelso State bank, which was closed recently by the state banking- department, have been estimated at $457,685. Deposits are $360,722, rediscounts $87,662, bills pay able $13,300, and total liabilities $457, 6S5. This estimate is subject to change and may vary by a few thou sand dollars when all claims are filed. About 50 per cent of the depositors already have filed claims. It proD ably will be 90 days before all claims are filed. The report of the assets of the bank, recently filed with the clerk of the superior coirrt at Kalama, showed a book value of $532,665. Persons familiar with local financial condi tions who have rone over the list of assets estimated that there would be a loss of from $150,000 to $200,000 be cause of bad paper. Bank Commis sioner Hay hfes made no estimate of the probable loss to creditors. Unof ficial estimates placed ths probable dividends at 70 to 75 cents on the dol lar if the loss did not exceed $200,000. NEW COUNTYJS WANTED Secession of 'Western Douglas and Lane Is Suggested. MARSHTIELD. Or.. April 14. (Spe cial.) Joseph Robinson of Florence, Lane county, has been advocating; the secession of western Douglas, and Lane counties and the forming of a new county with either Florence or Reedsoort as the county seat. Mr. Robinson, In his argument, declared; th interests of the coast residents and those Hying on the east side of the coast range were not identical and that ranchers and others living on the west of the mountains did not obtain an even break in the expendi ture of public money. Among the complaints Is one against the new law requiring a rancher to pay a double license ree for hunting or fishing. SCOUTS HUNT DOG KILLER Three AnimaJs Clubbed to Death in .Barn at Salem. k SALEM, Or., April 14. (Special.) In response to an appeal received from Mrs. Frank W. Swanton, man ager of the Oregon Humane society, Salem Boy Scouts today assumed the responsibility of running down tne person who last Sunday Drutany clubbed to death three valuable dogs owned by a resident of East Salem. The dogs were tied In a barn at the time they were killed. BRINGING MONEY INTO THE NORTHWEST. Have you ever considered the fact that BIyth, Witter & Company have played a very important part in bringing money into the Northwest? Through our. California and New York of fices we have sold large parts of such bond issues as Carnation Milk Products Co. 7s, Washington Pulp & Paper 8s, Pacific Power & Light 8s, Portland Flouring Mills Co. 8s, etc. and brought the proceeds to the North west. Through sales of these bonds in our Portland and Seattle offices we have kept Northwestern investment funds profitably em ployed at home. Are you keeping part of your funds in Northwestern bonds? Write, phone or call for suggestions do it today. Blyth, Witter, &. Co. Yeon Bldg.. PORTLAND SEATTie - SAM FRANCISCO-103 AKCEIXS- NEW YOWt J 8 63 9 07 May July Cash prices were : Wheat No. 2 red, $1.23 l-26 ; No. 2 hard. $1.85. Corn No. 8 mixed, 6195Sc; No. 2 yellow. 5353c. Oats No. .2 white,- 86Se; No.' 8 white, 85 36 c. Rye No. 2, $1.23. : Barley 6568c. " Timothy seed $4.50 8. Clover seed $13018. Pork Nominal. Lard $9.50. 1 Ribs $8.259.25. ' Primary Receipts. rHKfAOQ.v April 14. Primary receipts Wheat. 785.000 bushels va 845,000 bushels; corn 403.000 bushels va 389.000 bushels: oats, 315.000 bushels vs. 27.uuu ousneia ahlnmento Wheat 984.000 bushels l Hogs Receipts 24,000 head; active; 180 1235.000 bushels: corn, 433.000 bushels va 870.000 bushels; oats, s-z,uoo Dusneis vs. 103.000 bushels. Clearances Wheat 332.000 bushels; corn. 86.000 bushels; oats, 2000 bushels; rye, 150.000 bushels; barley, 15,000 bushels; flour, 44,000 barrels. DAILY METEOROLOGICAL REPORT. PORTLAND. April 14. Highest temper ature, 55 degrees; lowest, 38. River read ing, 8 A. M., 0.7 teet; cnange m last hours. 0.1-foot fall. ' Total rainfall (5 P. M. to 5 P. M.). 0.07 Inch; total since Sep tember 1, 1920, 41.93 Inches; normal, 38.24 inches: excess, 3.89 inches. Sunrise, .1" A. M sunset. 8:56 P. M. Total sun shine. 8 hours and 17 minutes: possible minahln. IS hnura anil SO minutes. Moon. rise. 11:42 A. M. Friday; moonset. 2:08 A. M. Saturday. Barometer (reduced to aea level 1. 5 P. M.. 20.9G inches. Relatlv humldity; 5 A. M, 95 per cent; noon, 50 per cent; 5 F. 31., 42 per cent. THE WEATHER. 8 WE OFFER OCR PARTICIPATION IX $10,000,000 PACKARD MOTOR COMPANY TEN-TEAR GOLD COtTFOM BONDS , Dated April 15, mi Da Aarfl Ik, 19tt Interest Parable rVml-annnalTy, April and October IS. at Guaranty Trust Company, New Yerk These bonds are a direct obligation of ths Company and eon striate hs only funded debt. They are redeemable on any Interest date at 107 for the first five years and at 105 theresfter. The trust agreement contains strong restrictions ss to maintenance ot current assets and quarterly stak ing fund requirements The Packard Motor Company enjoys sn enviable reputation as ee manufactured products and conservative business methoda PRICE PAR AND A CCBCED INTEREST "Robertson ZlWnw&i , INVESTMENT SECURITIES 207-8 NORTHWESTERN -BANK BLDG. Marsha tCscii STATIONS. si Wind Yt cstlicr. France, francs Germany, marks Greece, drachmas Holland, guilders Hungary, kronen Italy, lire Jugo-Slavia; kronen .Norway. Kroner , Portugal. esc,udoe Roumanla. lei Serbia, dinars, Spain, pesetas ................... , Sweden, kroner swltserland. francs .' China Hongkong. local currency., snangnai. laeis Rate. $ .O0.13 .0750 .0133 .0144 .1825 8.9225 .0240 .0720 .0104 .07Oi .3473 .0042 .0500 .0076 .1ti-'5 .09 10 .0176 .1400 .2400 .1740 .4973 .6K30 Japan, yen 4850 NEW TORK, April 14. Exchange, lr- regular; sterling, demand. $3.90; cables. $:i.l; francs, demand, 7.12: cables, 7.14; Belgian francs, demand, 7.40; cables, 7.42; guilders, demand, 34.52;- cables; 34.62; lire. demand, 4. 89; cables. 4.91 ; marks, demand. 1.50; cables, i.oi: ureece, aemana.z a.85: Argentine, demand. S-.3 ; Hraxllian, de mand. 14.00; Montreal, 11 11-16 per cent discount... . Foreign Bonds. Foreign bond quotations furnished" b the Overbeck sc Cooke company of Port land: Ask. 20 10 to 200-pound hogs mostly 10c to 15c lower. others mostly steady with yesterday's av erage, top $0.30; bulk 200 pounds down $ft.7669.15: bulk 220 pounds up $7.0 8.50; pigs 10c to 15c higher, bulk desirable $9.156 9.30. Sheep Receipts 19.000 head: slow. about steady; wooled lambs top $10 to shippers; bulk $8.75Q9.65; shorn top early $9. some held higher; bulk $88.75; choice 110-pound ewes $6. Omaha Livestock Market. OMAHA. April 14. Hogs Recelnts ROOO head, generally steady to strong: closing 10c to 15c higher; bulk medium and light butchers $7.838.80, top $8.40: butchers 250 pounds and over $7.2513)7.85: sickim grades $6.R07.25; stock pigs $8.509. wattle neceipts auv nead; beef steers steady to weak; bulk steers $7.25 8. top $8.40; she stock steady; bulk cows and heifers 18.50(3 7; bulls and veals strong: stockers end feeders weak to 25c lower. Sheep Receipts 7000 head: sheen and lambs steady to strong: bulk lambs 88.750 9.25, top $9.55; best clipped lambs $8.25; ewe top $6.50; no feeders here. Kansas City Livestock Market. KANSAS CITT, Mo.. April . 14. TJ. S. Bureau of Markets) Cattle Receipts 2400 head; yearlings and heifers strong; heavy steers barely steady; calves steady to 60c higher; all other classes uneven but generally steady; best vealers $88.50; good and choice cows $6.256.75; good heifers $7p7.BO; top yearlings early $8.35; best heavy steers $8.80. Sheep Receipts 4500 head; Iambs 10c to 15c higher; ten loads $9.50; 81-pound shorn lambs $8.50. Seattle Livestock Market. SEATTLE, April 14. Hogs Receipts none; steady: prime $11011.65: smooth heavies 10ill; rough heavies $8$8.65; pigs $1010.50. Cattle Receipts 24 head; weak: prime steers $7.75?8.25; medium to choice $6 7.25; common to good $5.50(26.50: beat cows and heifers $6.507; medium to choice $4.500 5.50; common to good $3 4.50; bulls $465.50: tight calves $10,500 13: heavy calves 67. Minneapolis Grain Market. MINNEAPOLIS, April 14. Barley, 42 62c: flax. No. 1. $1.42 1.44. Wheat futures. May. $1.14; July, $1.08. ' Winnipeg Grain Market. WINNIPEG. April 14. Wheat May, $1.49.; July, $1.82. Grain at fan Francises. SAN FRANCISCO, Aprit 14. Grain Wheat, milling. $1.902; feed. $1.80 1.90; barley, feed, $1.07 1.12 J ship ping, $1.201.35; oats, red feed. $1.40 1 50; corn, white Egyptian, $1.501.60; red mill, $1.7591.80; rye, nominal. Hay Wheat. $20 21; tame oats. $17 19; wild oats, $1215; barley, un; alfalfa, $1720; stock, $1014- Seattle Grain Market. SEATTLE. Wash., April 14. Wheat Hard white, soft white and white clui, $1.12; hard red winter, soft red winter, northern spring, eastern red Walla and Big Bend bluestem, $1.10. City delivery: Feed Scratch feed, $30: baby scratch feed, $71; feed wheat, $30; all grain chop, $43; oats. $40: rolled oats, $42; sprouting oats, $45; whole barley, $39; rolled barley, $41; clipped barley, $46; milled feed, $30; bran, $32; whole corn, $39; cracked corn, $41. Hajf Alfalfa. $24; double compressed alfalfa. $30; ditto timothy, $3S; eastern Washington mixed, $32; straw, $24; Puget sound alfalfa, $30. Cotton Market. NEW TORK, April 14. Cotton, spot quiet. Middling 12c Naval Stores. SAVANNAH. Ga., April 14. Turpentine firm. 50c; sales ZZ2 barrels; receipts VI barrels; shipments, 11 barrels; stock, 4876 barrels. Rosin firmr. sales 1276 barrels; receipts. Baker ..... Boise ....i Boston .... Calgary ... Chicago ... Denver . . . . Des Moines. Eureka ..... Galveston . Helena Juneau .... Kansas City. Los Angeles, MarBhfleld . Med ford .... Minneapolis New Orleans New York... North Head. Phoenix .... Pocatello ... Portland . Roseburg Sacramento St. Louis ., Salt Lake . San Diego.. San Fran.. Seattle .... Sitka 32 34! '84. 62i 42 32 38 '401 30 52 42 8ii 28 44 68 52 38 50 30 88' 84j 38 50 40 52 .L.44 3 80. 12!N 14NW MIS 16 E 12!NW 14;E ..SB W 42 0.00; 4j0.02 6O0.00: 5s:o.oo 38 0.84; 520. 00 6010.01 50'0.26! 76 O.OO 16 SE BSI0.08 ..INW f 520 .001 . . a 66 0.02 . . 8 62 0.00 10 SW 640.08 . , SW 52 0.00 . . N 44l0.2010;N 8410.90 . . SB 68:0.00 36 30 0.1 64 O.OO . ..0.2 5510.071 540.02 58 0. 00 66'0.8S 4210.22 58,0.00 18 660.0U. .fSW 4S!0.00 t520.0O Spokane ....( 40f 42(0. 80(. S 1- sw se" sw fsw N NW W Tacoma Tatoosh Valdez Walla Wallal Washington Winnipeg ., Yakima . . . 6210.00 401 5210.00 t50 O.OO .62:0.00 70'O.OOIlOiS 42 0.0014 N 58;O.0010iSE WW NB NW NE a (Cloudy Cloudy Cloudy Rain . Rain Cloudy Clear Pt. cloudy Rain Pt. cloudy clear Clear Pt. cloudy Pt. cloudy Cloudy Clear Cloudy Clear Clear Cloudy Pt cloud Clear Cloudy Cloudy Clear Clear Cloudy (Clear Rain Cloudy Clear tClear (Cloudy ciouay KClear Pt cloudy A. M. today; fP. it report of preced ing day. FORECASTS. Portland and vicinity Fair: heavy frost In the morning; westerly wtnas. Oregon and Washington Fair: ' heavy frost in the morning; moderate westerly winds. Phone your want ads to The Ore- g-onlan. Main 7070. Automatic 560-95. Bid. Russian 5s, 1921 19 Russian ows. 8 Russian 6x. 1919 18 French 5s, 1931 56 38 Freieih 4s. 1917 ..44 46 French 5s. 1920 67 68 Italian 5s, 1918 ....311 . 40 British 3s. 1022 3SL 304 British 5e. 1927 .1113 31)7 British 5s, li'-'tf .3119 ' 3St British vky 4s -.f' 3d3 British ref 4s 280 - 281 Belgium rest 5s 68 68 Belgium prem 5s 74 76 Herman W L 5s 12 13 Berlin 4s 12 13 Hamburg 4s 14 13 Hamburg 4s 11 16 Leipslg 4s .'...14 13 Leipslg 5s 15 16 Munich 4s 14 16 Munich 5s . 16 -) - - Bond Department V NET For 10 Years INCOME TAX EXEMPT A $75,000 issue secured by more than $1,000,000 " worth of improved business and residential '.' . properties. - Greybull, Wyo. 7 Imp. Bonds . Price 100 :' Greybull is a growing city, and this district, in the heart of the business section, is without any other debt. LUMBERMENS TKUST COMf&tlY BROADWAY AND OAK IMPORTANCE OF CUSHIONEFFECTS Pneumatic tires, springs, shock absorbers, etc., qre used on cars for the purpose of not only pro viding; comfort for the passenger, . but to avoid racking the car. ' Why offset these good effects in any decree by using rigid pave ment? Resiliency In pavement Is essential to maximum life in any car and results in less upkeep, on both road and car. The ideal type of resilient pavement is WARRENITE BITULITHIC See approach to Interstate bridge from Union avenue to Vancouver, now In its sixth year. CAREFUL INVESTORS should pur- chase securities fro-1 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. OLDEST IN THE FEXRALR vSYSTE HOTEL WILLBE RAZED Scottish Bite Masons to Clear Site for Hoquiam Cathedral. HOQUIAM. Wash., April 14. (Spe cial.) Bids for the purchase and re moval of the old Pomona hotel build- in e a ' three-eitory frame structure on ths property where the $200,000 Scottish Rite three-story brick build ing ie to ba erected, were called for yesterday by James P. H. Callahan, secretary of the committee, the bids to be In by April 20. As eoon aa u Is raged, ths work of excavntton and drirlns; of pilins; will be started, and completion of the new home pushed aa rapidly aa possible. Eastern Star Entertains. HOOD RIVER. Of., April 14. (Spe cial.) A record attendance of mem bers of the Hood River Eastern tstar chanter last night greeted Mrs. Ida Umbach, grand ' matron, and other grand officers and visitors. More thaa 200 crowded Masonic ball. The visit ing delegation was tendered a dinner lust before the official session. . Three Postmasters Xamett. CHEHALI3, Wsi-h, April 14 Spe cial.) Walter H. Roth has been named postmaster at Cispus, Wash. He suc ceeds Henry Koher, pioneer resident of eastern Lewis county. At Dryad, Samuel B. Taylor succeeds W. W. Benson, and at Lewis, Matti Comb has been succeeded by Donald tl F'rey. Republic of Chile 20-yr. sinking fund 8 s bo yield a minimum at of 8.35 up to a possible 20 to ac QQ cord with the op eration of the sink ing fund- There will be retired annually $1,200,000 by sinking fund pur- Chane or "by lot" at 110 the first ten years ana luo tne next ten years. Call or phone. HERRIN & RHODES, Inc. - (Established 1808) BROKERS MEMBERS CHICAGO BOARD OB TRADE, Correspondents. E. F. HITTTO". A CO. Members New York Stock Ei. change. Private Leased Wires Direct to All Security and -Commodity Markets. LIBERTY AND VICTORY BONDS BOUGHT AND SOLD MAIN 283 and 284 soi-s Railway kxcil. bldo. We specialize in Liberty and Victory Bonds We handle Isrsrs and small or ders alike. We buy and sell a larse amount of these bonds dally. If you want a quick deci sion, a close price, get In touch with us. 'Anaconda Copper Mining Company 7 Secured Gold Bonds, Series "B" Due 1929 Yield 8?, Circular tn request for OR-JH The National City Company Offices la more than 69 cities. Yeon Ballalag. Portland. Telephone Main OT2. Ssm a ,i a iw .FREEMAN. nouNS noon LsmosnswMS uiloismj Farm an Btask as S7o BONDS IMPROVEMENT PROVINCIAL SCHOOL 4 WATER to yield 6 to 8.50 Western Bond & Mortgage Co. Main 113 NO Fourth St. Bosrd of Trade Bids;. Ground k'loor.