Morning Oregonian. (Portland, Or.) 1861-1937, April 27, 1921, Image 21

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Morning Oregonian., April 27, 1921, Image 21

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Newspaper Page TextTITE MORNING OREGOXIAX, WEDNESDAY, APRIL 27, 1921 V FIRST WOOL SELLS AT LOW QUOTATIONS indicating that the heavy laying nuon ia drawing to a close. Hens were held at 12 to 28 cents according to alze. but the demand was backward and price wera weak. Country dressed veal was also very weak and 14 cent was the best price quoted. Pork was steady at 15 cents. 200,000 Pounds Are Taken in Washington. PRICES 10 TO 12 CENTS Shearing Oa .at Arlington, and Echo, but There Is o Life Tet to Eastern Oregon Market. The first wool sales ( consequence this season ars reported from the Yakima dis trict, where shearing Is now In full swing. ' A total of 200,000 pounds of Washington wools was sold and as might be expected, ths prices wera lew, 10 to 12 cents. A number of lots of Yakima, wool have also been moved east on consignment, and this represents th full volume of business done so far, only a trifle compared with the usual activity at this tlma of year In past seasons. In eastern Oregon, no business at all Is reported. Sheep are being sheared at Arlington and Echo and buyer are In the field, but there Is so life to the market. Advices from ths eastern market Indi cate that somewhat more wool Is chang- r ing hands. This Increased movement appears to have come about without any i particular reference to the tariff agitation going on in Washington. In fact, best market opinion Is that any possible effect of the proposed tariff legislation has been pretty thoroughly discounted. It is true that some wool men, and among tbem some of the best informed men in the market, are looking to the tariff to re habilitate the trade, and feel sure that permanent improvement can come to the textile Industry only through the medium of rates hijh enough to be protective. If not prohibitive. An increasing nnm-ber of holders of wool are showing a willingness. In some cases, an urgency, to sell wool freely at the market. This has resulted in a good movement without preceptibly lifting values. The urge to sell is so strong that sellers will sometimes accept lower prices rather than lose a trade. Also, Importers who have brought In foreign wools are not always waiting for the tariff to estab I!sh new values, but are selling where profit I In sight. This latter fact has given the market a broader appearance than has bees the case for many a day. TV HEAT BIDS T5 CENT HIGHER . Prices Ars Firmer at All Points Oats Offers Reduced. The wheat market was a shads better yesterday and country bids were raised one cent. There was also an advance of one cent In bids on all grades at the Merchants' Exchange. Not much business was reported at any point. Offers for April oats were reduced 50c SI and other coarse grains were unchanged Eastern reports noted a good export - business ia wheat, but there was no lndl cation of foreign trade here.- Prices In this section are said to be eat of line with Argentine offering. The Japanese demand has quieted down and in some quarters It Is thought It will not revive. A private estimate from Kinm puts the wheat crop ef that state at 180,000,000 ousneia Terminal receipts. In ears, were reported oy trie Merchants' Exchange as follows: ., . Wheat Barley. Flour. Oats. Hay. Portland Tuesday ... 1M Tear ago . . 5 S"sn to d'te.l..t!8 Year sro . . 7,7i2 Tacoraa Monday .... 2 Year ago . . ?.rs Stln to d'te 4.1H2 Year eao . . ft. 50 Seattle Mnndar .... 36 Tear ago R s'n to d'ts 4..1.-.4 Year axo .. 5.TTI Mora Berries Due Today. Strawberries were scarce yesterday, but a liberal supply from both Florin and Loo Angeles Is due today. Florins will sell lower at S3.25fi5.50 a crate and southern California berries will be quoted at S3. 50 a drawer. LAST PIES M BEST STOCKS, WITH FEW EXCEP. TIOXS", MOVE UPWARD. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland 33.238.B27 S 977.8:11 Seattle 4.359.2U4 l,06S.l!7 Tacoma 724. HM 88,128 Spokane 1,2:13.078 383,577 POBTLAXD MARKET QUOTATIONS Grain, Floor and Feed. Merchants' Kxchange, noon session. -Mia- ApriL May. June. ..$ 1.22 31.19 1.1 l.l i 1.17 1.17 1.17 1.15 1.17 1.17 1.17 1.17 1.15 1.17 1.17 1.17 1.17 1.15 28.00 25.50 24.00 22.00 .24.50 25.00 24.50 24.00 22.00 24.75 24.50 24.00 24. oe 22.00 25.75 Wheat Hard white Soft white White Club Hard winter Northern spring . Red Walla Oats No. 2 white feed. No. 2 gray Barley Brewing Standard feed ... Mlllrun Corn No. 3 E. Y. shipment.. 29.50 29.50 29.30 FLOUR Fsmily patents, $8.20 per bar rel: whole wheat. SB. SO; graham. 38.40: bakers' hard wheat, 38.60; bakers' blue stem patents, 17; valley bakers', 8; straights. 18. MILLFEED Prices f. o. b. mill: Mill- run, 128 per ton; rolled barley, JJOlaJ'. roiled oats, 338; scratch feed. $.13 per ton. CORN Whole, 338; cracked. J41 per ton. HAY Buvina srlces t. o. b. Portland: Alfalfa. 318.50 per ton; cheat. 2223 per ton; clover. 316: valley timotny. eastern Oregon timothy, 328. Dairy and Country Produce. BUTTER Cubes. extras, 343rjc: nrints. Darchment wranned in box lots, 37c; cartons. 3c. Butterfat. buying price: A grade, 83c; B grade. 87c, Portland delivery. EGGS Buying prices, case count, 1H 20c delivered. Jobbing prices to retailers: Candled ranch. 23624c; selects, 26c. CHEKSE Tillamook triplets, price to Jobbers f. o. b. Tillamook, 25c; Young Americas, 26c pound. POULTRY Hens. 22 28c pound; ducks, nominal; geese, nominal; turkeys, nom inal. PORK Fancy, 15c per pound. VEAL Fancy, 14c per pound. Dried Fruit at New York. NEW YORK, April 26. Evaporated ap ples nominal; prunes and apricots firm; peaches quiet. 1 3 S 17 ... 8 246 R43 BOfl Run 174 307 42 202 T 1 ... 1 1 ,V 14(1 (W1 89 2!K8 17-4 7D8 1 ... 14 20 : 207 37S 418 1312 239 971 639 1143 ECBOPEAJf CROPS HELPED BF RAIN Outlook Improved in Western and Central Sections. Mine navw extenaea generally over western and central sections of Europe and this moisture has greatly benefited crops, according to BroomhaU's cable. wnicn says: Italy crop condition are generally favorable, rains recently have Improved tne outlook. Spain and North Africa The agricul tural prospects ars considered quite lavorame. Russia -ms outlook is considered gloomy. It la reported that grower have refused to Increase sowings of grain. Balkans fiome raina have been experi enced ano prospects are considered hope' ful. owing to the abundant moisture India In part of this country distress Is Increasing. It la feared a considerable portion of the wheat crop will be snnveieo. United Kingdom Milter are taking only sufficient quantities of wheat on government offers to cover requirements now, owing to the big discount for for ward positions. 8ince decontrol It is estimated purchases have approximated 8.000.000 bushel. Supplies of wheat present and prospective appear ample. Australia It Is estimated there Is still about 4S.000.000 bushels of wheat unsold In thia country. 8CGAB IS FIFTY" CENTS LOWER Market Is Weak and Farther Decline Ars Expected. Following the first decline of a quarter In sugar prices Monday cams two other similar declines which havs brought the wholesale price of cane granulated down to IS.25 a hundred and beet sugar down to 18.13 In the local, market These chaages resulted from drops In refinery quotations and as the market Is more or less demoralized, both on this coast and In the east, further declines ars looked for In the trad. The weakness In raw sugar In the east, according to trade, advices. Is baaed en the continued dullness in refined sugar, buyers of which have remained unresponsive to successive pries reductions and the un certainty concerning tariff legislation further Increases the lack of confidence. There are some who attribute the present demoralization In no small degree to doubt of th ability of the sugar finance com mittee to. exercise a stabilizing influence on tne market Stocks are piling up In Cuba and no sales are being made except ucn as ar maoe possible by price con cession and instead of acting as a leader it Is contended that the best the com mittee can do Is to follow the market. NEW YORK, April 20 Raw sugar. w ceuimugai: refined, 6.75c to i.iwc for fine granulated. IKDUSTDY NOT CHECKED XORTHWESTERX APPLE BUSI NESS CONTINUES TO GROW. Shipments In Season Xow Ending Total About 28,000 Carloads. Little Profit .Made. PRINT BCTTER DROPS TWO CENTS Boj Ing Fries sf Butterfat Will Also, Be Cut Today. The weakness of the batter market has resulted In a decline of two cents, which will go into effect this morning. Plain wrapped print will sell at 37 cents The buying price of butterfat will also be reduced two cent to 33 cents for No. 1 grade. There was very little trading In cubes yesterday and prices were nominal. The egg market wa steady at rg to 20 cent, buying prices, and most of the purchasing was said to have been don st the latter figure. Poultry was la much larger supply. A summary of the apple season of 1920 21 In the Pacific northwest has been Issued by the department of agriculture It was prepared by E. M. Selfert Jr., as slsted by L. B. Gerry, both of the bureau of markets. The report, in part, follows Those Interested' in the northwestern boxed apple industry have affirmed that the 1920-21 season was a test year. Ab normal costs of production and extremely high freight rates with a low average yield and email sizes were a terrific handicap. Net return to grower will not equal ex penditures, but when compared with prac tically all other perishable commodities and taking general business conditions Into consideration, prices .obtained were remarkable and It Is safe to predict that the northwest apple industry will develop and expand, for, even under this season's adverse conditions some growers are show ing a profit. There was little inclination toward apeculation and most dealers op erated oa a merchandising basis. Collec tions on Sales were Blow and. because of restricted credit, dealers experienced dif ficulty In financing their operations. As a result hundreds of growers were forced to wait for their accounts. Estimates in the late summer were con rvative, particularly in the Yakima and Wenatchee valleys, for which sections the horticultural inspectors placed the figures 800 snd 8600 cars, respectively. Gen eral opinion among shippers was that these estimates were too high, but actual shipments will total about 2000 cars great er. Early estimates for the entire north west were only a little less than the actual movement, which will finally reach a total of approximately 28.000 cars, 9000 less than last year' record production. Wenatchee and Yaki.-na districts sup plied most of the Wlnesaps. Jonathans and Delicious. Spokane, with southern Idaho. Yakima and Wenatchee districts, nroduced the Rome, and Hood River, White Salmon and Rogue River sections contributed the bulk of the Newtowns and Spitzenberga The yield of Wlnesaps was In heavier nro- portlon than last year, which was also true oi Delicious, but Spltzenberg and Newtown sections or Oregon were light. urowers. remembering the severe freese in October, mis. began picking early, but frequent rains delayed operations and the movement of Jonathans was about a week late. Notwithstanding the delay, the picking was accomplished In shorter time than usual. The pack as a whole was much better than last season. Labor conditions were mors favorable and where cash buyers' contracts provided discounts for excess small aize and excess fancy and C grades, the pack, probably, was excellent. New York and Chicago reflect general market condition and may be taken as barometers. As observed in New York city: "Northwestern stock during the past season arrived in good condition. The quality was good and the atock was en tirely satisfactory. Demand fluctuated only alightly during the entire season, but there waa considerable more competition 1th large barreled stock. New York shipped large quantities of good red and green fruit and a number of buyers who formerly concentrated almost entirely on box stock bought barreled apples much more liberally. The fact that northwest- rn stock ran heavy to small sizes caused the margin between large and small stock to be much wider than usual. The de mand ha been consistently good for ex tra fancy large red fruit and during the latter part of the season was also good for large yellow stock." Chicago, the biggest divertins nolnt In the country) reports "the quality of ths northwestern fruit was very good, except Jonathans, which soon deteriorated in storage, and as a whole, the strict Inter pretation of the grading rules was re flected in the stock. Northwestern boxed pples are on a much more hiahlv com mercialized basis than are apples pro duced In the east. This Is evidenced In part by the difference In the number of arletle produced. No It-ss than 25 vari eties arrived on the Chicago market from astsrn section in sumcient Quantities to be of commercial importance while only iw armiifs, commercially important, were received from the northwest." Carlot shipments from Oreson riurln th season and la former years wer as follows: Hood River 1918-10. 1950-51 inio.-n Dufur Ill us hi i Hood River 2443 1770 2707 .m osier 60 117 The Dalles 20 2 31 White Salmon, Wash. 1S4 Underwrtod 108 Golilendala 21 Maryhill 2 Improvement Due to Germany's Latest Overtures and- Probable Success of Hill Financing. NEW YORK. April 26. The stock mar ket was comparatively dull and uncertain in the early stage of today session, but became more active and Irregularly strong er later. Improvement was ascribed to Germany's latest overtures and the probable success of the Great Northern-Northern Pacific financing. There were a few conspicuous excep tions to the further advance, notably In the food aroun. surars breaking sharply on another cut in the price of the refined product and reports of mor acut eco nomic conditions in Cuba. " In most other commodity market price tendencies showed greater stability. An advance was reported in th quotation for lead and the firmness of coppers coin cided with a better demand tor those and allied metals. As usual, the great part of the day s operations centered In oils, steels and equip ments, together with shippings, motors and related specialties. Rails were le thargetlc at best and March returns as indicated by Union Pacific were again dis appointing. Average, prices were at highest levels in the last hour, steels then superseding all other Issues at gain of two to four points. United States steel moved In a narrow radius, but hardened at the end with a net gain of m points. Sales amounted to 865.000 shares. United States steel earnings for the first quarter, issued after the close of the session, totaled not quite 332,300,000, this being under general estimate and leaving only1 a narrow margin over dividend re quirements. Seasoned bonds of the railway division were adversely affected by the more at tractive terms of the Chicago, Burlington A Quincy offerings and liberty issues were heavy with a low record for the registered 3 fes. Total sales, par value, 39,775,000. CLOSING STOCK QUOTATIONS. Sales. 500 101 114 10 0 Am Beet Sue American Can 2,500 Am Cr & Fdy 400 A H & L. pfd 6(10 Am Inter Corp 4.5ij0 Amerlcn Loco 1.000 Am Sm & Hfg 3.100 Amercn Sugar 4,300 Am Sum Tob 3.100 Am Tel & Tel 10,500 Amern Woolen 9.50) Am Z. Ld & S 100 Anaconda Cop 9.0O0 Atchison 1.1KK) At. Glf 4 W I 37.S"0 Baldwin Loco 10,000 Balti & Ohio 2.100 Beth Stl "B" 40.7OO Bt & Sup Cop 1.000 Calif Petrolem 1,000 Canad Pacific 2.500 Centrl Leather 3.SU0 Chand Motors S.3O0 Chesp & Ohio MK Chi. M A St P l.SOO Chi. R I 4 P 8(H) Chlno Copper. 2.400 Colo n irn too Corn Products 1.001) Crucible Steel. 22.200 Cuba Cne Sug 2.40O Erie l.Ooo Genrl Electric 300 Generl Motors 28.5O0 Gt North, pfd 2.OO0 llinois Centrl 800 Insprn Copper 1.000 it .Me Ma, pro s.iuu Internl Nickel 13.200 Interntl Paper 4.joo K C Southern 3.41)0 Kenne Copper 3.6O0 Mexl Petrolem 24.300 Miami Copper 2..o Mid States OH ll.t-00 Mldvale Steel. l.SOO Missouri Paclf l.ioo Nevada Coppr 1,4110 N Y Central. 1,500 N Y. N H H S00 Norfk A West tutn Xorthn Pacific 8.700 Ok Prd A Rfg 1.000 Pac Tel A Tel 400 Pan-Am Petri 6.100 Pennsylvania. . 6.500 Pitts A W Va 700 Rav Con Cod 1.."hw Reading 3.SO0 Ren Irn A Stl 27.0O0 Rvl Dtch. N Y 13.400 Shat Ariz Cop 40O Shell Tr & Td 1.700 Sin Oil A Rfg 26.0O0 Southn Pacific 7.7oO South Rallwav 1.200 S O. N J. prd 800 Studebkr Corp 41.SK0 Texas Co 6.400 Texas A Pacif 1.1O0 Tobc Products 6.0O0 Transcontl Oil 6.0O0 Union Pacific. 1.400 U S Fd Prdts GOO U S Ind Alco S.40O U S Rtl Stores 7.000 II S Rubber.. 8.200 II S Steel 51.100 85 83 85 U S Steel, pfd 500 110 110(4 110 Utah Copper.. 7.000 G3V 5-H4 54 Western Union ooo wo . BHs w Electrio 200 48 48 48 Willy . Over 11.500 8 8H 8 BONDS. U S 2s. reg TOHIN Y Cent deb 6 88 dn 2a MUO..'iet or racllic to do 4s. reg..1043, do 3s M do cv 4s. co.104i!Pac T A T 5s. . 83 Panama s. reg77 iPenn con 4Mb.. S6 an as. couo.."il so rac cv os.. . TAT Ra 1IW!?.& So Rv TtA K V Alchen gen 4s. 76''Union Pac 4s.. 7SVj D A R con 4s. 64ViU S Steel 5s... 5 High. 3 30 125 45 46 87 42 8Vi 71 107 77 9 41 82 41 00 3.1 61 13 i 40 112 30 84 62 '4 2G 27 25 30 73 84 10 13 137 13i 72 92 30 55 16 60 20 154 23 13 29 IS 12 60 17 ." 7.1 3 4S 74 35 27 14 71 65 67 6 -44 27 75 21 10S 88 44 21 53 12 117 20 70 54 ?.-. 85 110 55 90 . 48 8 Low. 37 30 120 45 45 86 41 SO 70 106 75 40 SI 39 88 35 57 13 46 111 30 82 2 25 27 24 30 73 80 18 13 13t 13 71 0 3 54 15 68 20 20 152 23 15 2S IS 1-" 60 36 05 74 3 48 72 35 27 13 70 Sale. 37 30 125 45 46 86 42 Russian Ss, 1926 Rusxian 6s. 1919 French 5s, 1931 ... French 4s, 1017 ... French 5s. 1020 .. Italian 5s, 1018 .. British 3a, 1322 .. British 5s, 1027 ... British 5s. 1929 ... British vky 4s British ref 4s .... Belgium rest 5s Belgium prem 5s . German W. L. 5s . . BerHn 4s Hamburg 4s Hamburg 4s .... Leipsig, 4s Leip.sig 5s Munich 4s Munich 5s ........ Frankfort 4s Jap 4s . Jap. 1st 4s Jap 2d 4s Paris 6s IT K 5s. 1921 U K 5s. 11122 U K 5s. 11)20 U K 5s, 1S37 ... 7 ... 16 ... 59 ... 45 ... 66 ... 38 ...387 ...371 ...373 -...2118 ...275 . 64 . . 68 ... 11 ... 12 ...14 ...14 . IS . 14 13 ... 15 ... 14 . .. 66 ... 82 ... 82 ... 07 . .. 98 . .. 95 ... 88 . . . 85 9 18 60 46 67 39 89 3S3 SS5 310 2K7 60 70 12 12 li 14 14 15 16 14 17 16 60 S3 83 98 90 95 80 85 CUTTLE RECEIVED DIRECT LITTLE STOCK OX HAND FOR OPEX MARKET. EXPORTERS LIFT WHEAT CHICAGO PRICES CHAXGE FROM WEAK TO STROXG. Best Grade of Lambs From East of Mountains ' Are Fifty Cents Lower. The livestock market on the whole was steady with a small run of seven loads, of which four loads of cattle came In as a direct shlDment. In the cattle division the demand was for the best grade and poor stock dragged as heretofore. Not much was available in the hog line except drive ins which sold at previous prices. East of the mountain lambs were 50 cents lower on top grade and other lambs and sheep were unchanged from Monday. Receipts were 106 cattle and bob sneep. The day's sales were as follow: . Wt. Prlce.l ' Wt. Price. 1 steer .. 600 3.75il0 ewe ... 1 1 steer .. 520 7.001 2 ewes .. 113 3 cows ..12S0 5. 30! 1 ewe ... 90 2 cows ..1100 5.75 88 yearl. .. 84 1 cow ... 950 6.00!30 weth. .. 105 1 calf ... 100 ll.OOil.3 weth. .. 123 1 calf ... 170 10.50!s8 weth. .. 80 1 calf ... 140 11.50 40 weth. .. 79 1 bull ...1020 3.001109 weth. . 110 J on 1 bull ...1050 3 751 1 buck 10 mixed 10 hogs 4 hogs 1 hog 3 hogs i Sol 61 6,i 44 73 21 10S M 43 20 51 12 116 20 6S 52 74 83 110 54 80 48 8?4 70 106 77 V 41 S2 so 35 61 13 46 111 36 S3 6: 25 27 30 73 83 IS 13 13 13 72 92 36 55 16 50 20 20 153 23 13 29 IS 12 60 17 95 74 3 4S 73 35 Ji 14 71 66 'J 6 44 27 75 21 lOS 87 43 21 53 12 117 20 OK 53 Bid. Mining. Stocks. BOPTON. April 26. Closing quotations Allouez ... Ariz Com 1 21 Cal A Ariz.... 52 Cal & Hecla...250 Centennial 8 Cop Rge Con. E. Bt Cop North Butte ... 11 Old Dominion. . 32 Osceola 31 Quincy 41 Superior 4 S3 Sup A Bo Mln 1 visnannon ., Franklin 2 Utah Con Isle Rjie Cop. 23 IWInona Lake Copper... 2 Til wolverine . Mohawk 60IGreene Can 3 45 12 24 Bid. Liberty Bond Quotations. NEW YORK. April 26. Liberty bond Quotations closed as follows: 88 7013d 48 87.1414th 4s S7.1 0i Victory 3s . 87.2.Victory 4s . 87.10 90.40 87.12 97.48 97.50 21 IH 3S 2113 368 Total. Hood River.. 3144 Western Oregon 7')l Eastern Oregon 524 Rogue River 682 Total carlot shipments from Oregon by months from July 1 to March 1 were: 1919-20. 1020-21. July 2 1 August September ..... October November December January February 9 2 . 103 76 .1354 1)64 .1478 10H2 . 781 440 . 801 2110 . 408 201 .3028 3033 3s .. 1st 4s 2d 4s 1st 48 .... 2d 48 .... Money. Silver, Etc NEW YORK. April 26. Prime mercan tile paper. 7 (ST per cent. Time loans easier; ou days, va oaya ano a!x months, 6r per cent. Call money firm. Mign, low, ruling rate. closing bid and last loan, 6 per cent, of fered at 7 per cent. Bar silver, domestic, wo; loreign. 60 c. Mexican dollars, 4nc, LONDON, April 28. Bar 'silver. 44d per ounce. Money 4 per cent. Discount rates, short bills. 5 per cent. Swift A Co. Stock. Closing prices for Swift & Co. stocks at Chicago were reported by the Overbeck A Cooke company ot Portland as loliows: Swift A Co ....100 Ltbby. McNeil A LIbby in National Leather ., . 8 Swift International 26 Foreign Exchange. Fftrelen exchange rates at close of busl- nfss yesterday, furnished by Northwestern Nationol Bank ot rortiano. -i ne amount quoted Is the equivalent of the foreign ui:i in l.nttea states lunas: country, r oreign unit uste. AustrK. kronen I .0032 Belgium, franc 07S9 Bulgaria, leva 0133 Czecho-Slovakla. kronen .0142 Denmark, kroner 1803 tinirland. pound sterling 3.POr0 Finland, finmark 0230 France, francs 0iS;i Germany, marks , 0108 C-teece. drachmas 0K5i) Holland, guilders ...-) Total Total carlot shipments from th entire northwest during the period were: 1910-2O. 1020-21 July August September ... October ...... November December .... January ..... February .... Total 38 204 ........ 2.610 12.703 9.105 2.S0O 2.855 2.484 t 82,972 20 88 1.039 10.433 6.859 2.702 1.573 2.070 Hungary, kronen 0044 Italy, lire vm- Jugo-Slavla. kronen 0077 Norway, kroner - .1580 Portugal, escudoa . . ... . .0950 Roumanla. lei 0168 Serbia, dinara .0205 Fpaln. pesetas 1401 Sweden, kroner 2:t.0 Switzerland, francs 1750 China-Hongkong, local currency 5125 Shanghai, taels 6700 Japan, yen .4900 NEW YORK. April 26. Exchange firm. S'erllng demand, 33.94. cables $3 95: francs, demand T.50, cablea 7.50; Belgian frsr.es, demand 7.62, cables 7.64; guilders, demand 34.90. cables 33.00: lire, demand 4 87, cables 4.89; marks, demand 1.5S, ca bles 1.56; Greece, demand 6.35; Argentine, demand 31.87; Brazilian, demand 13.62; Montreal, 10 11-16 per cent discount. Foreign Bond. Foreign bond quotations furnished by the Overbeck A Cooke company of Fort-land: Bid. Ask. 24,871 Susaiaa tU. 121. 17 8 hogs .. 13 hogs .. 1 hog ... 13 hogs .. 5 hogs .. 5 hogs . . 15 hogs . , 5 hogs .. 8 lambs 11 Iambs . 33 lambs . 54 lambs . 1 lamb . . 1 lamb .. 125 lambs. .00 9.00 5.50 4.0" 4.50 5.25 4.00 5 00 3.00 4.50 5.50 5.00 3.50 5 5.75 3.00 5.00 5.00 5.50 5.50 7.50 103 11.00 . 100 11.00 . 200 10.75 . 101 10.75 . 133 9.75 . 172 10.75 . 67 8.50 . 74 4.25 . SI 4 . 82 3.00 4.00 US 6.30 4 00W 5.50 2.30 4.00 8.50i 5.50 11.00011..) 7.00610.50 4.00jl 7.00 6.00 OH 6.50 5.500 6.00 474 7.00121 mixedr . 115 179 10.501 5 cows ..1116 116 10.501 2 cows .. 630 460 S.50I S cows .. 80 73 11.001 3 steers .. 680 330 8.50133 steers .. 741 520 5.001 9 calves . 254 171 10.50110 mixed . 465 208 10.50139 mixed . 450 100 9.50114 mixed . 480 106 10.501 8 mixed .917 234 10.251 3 hogs ... 130 152 10.301 9 hogs .. 202 10.251 2 hogs . . 256 9.501 4 hogs .. 56 6.501 6 hogs .. 52 6.501 3 hogs .. 62 8.50113 hogs .. 59 8 50122 lambs . 60 8.001246 lambs 50 9.00125 lambs . 59 9.001226 weth. The following prices are current at the local yards: ' Choice steers t 1.7S9 8 Medium ta mad steesl 7.0018 7.75 Fair to medium steers? 62.i! 7.00 Common to good steers 5.25i 6.-5 Choice cows and heifers 8.00(&r 6.75 Medium to good cows, heifers 5.50(9 6.00 Fair to medium cows, heifers Common to fair cows, heifgrs Canners Bulls Choice dairy calve Prime light calves . Heavy calves Beat feeders Fair to good feeders Prime light 10.00010.75 Smooth heavy, 250 to 300 lbs. 8.7,V O.iS Smooth heavy, 300 lbs. and up 7.00W 8 7.) Rough heavy 6.00 8.75 Stags o.i.j Fat pigs lu"",-. Feeder pigs '.- O.oOig'lO.jO fihan Prime east-of-mountaln lambs 7.00 7.50 Valley lambs 5.00 6.2o Heavy lamns, vu ids. ana up., u.ww Feeder lambs 8.00 ? 0? Cull Iambs 2 0(iai.4.tH Yearlings w H0 H2 Wethers ? "V Ewes 1-00 4.00 Kansas City livestock Market. KANSAS CITY. Mo.. April 26. Cattl ReceiDts. 11.000 head; beef steers slow ateariv to 1 5c lower: too yearlings. 18. oil best 1100 pound steers, sue "luti steady to weak: 37.75 bid on yearling heifers; few cows, 8.506.75; bulk. 15.25 en- MKim bulls and feeders strong; spots, higher; most good canners around 200; calves, steady; gooa cuuito cicio. iAfa Hon Receipts, 1.""U neaa; umi iiosa mostly 10c lower; others around steaay with yesterday's average; one ioau ur, 190-pound hogs to packers. 7.90; bulk of sales. 7.257.75; pigs, steady. Sheen Receints. 7IMIO neaa; sieauy iu !.. lower: snorn Texas wciuero, ewes. 16; shorn lambs, steady to strong; wooled lambs, slow ano wean, $10.25; some held higher. Chicago Livestock Market. CHICAGO. April- 26. Cattle Receipts, 11 O00 head: generally steady, quality fair, bulk beef steers, $7 508.25; bulk fat cows and heifers. $5..107; canners and cutters mmtlv. $2.30Cr4: bulk Ou 1 Is. SO.--OK! o .-a; veal calves largely, $7.30is.50; bulk stock- er and feeder steers, ld.2o8s7.au. Hogs Receipts. 26.000 head:- active, t,nn. to nic hiaher than yesterday's aver age. Top, $8.35: bulk of sales $7.858.20; pigs steady to strong: nuia aesiraoie, vv iu lOfl rtnunAM I7.n04ff7.75. Sheen KeceiPLS, -u.wu neau, iwiii strong to higher; wooled lamb top, . .,lr,rw.r- hlllk. $1010.75: Shorn top, 110.25; bulk, $910; good to choice 110 pound shorn lambs for export $8.50: sheep and yearlings nominally steady: good to choice native spring lamos, in". Omaha IJ restock Slarket. nvAHt. Aoril 28. Hogs Receipts. 15,- 500 head; opening weak to 10c lower: nostly active steaay to iuc nigner. uum ion tn OlO nound butchers, ll.sruw l.iu; lop, 1171- hn k hutcners l.hj nounas anu ovt-i, t7i.7 Zft' nackina sows smooth, $6.506.75. Cattle Receipts, .10U neaa; neci blcc and she stock. 15c to 2oe lower; eariy lop steers. $8; bulls and veals steady to strong i..i,. awrt reenern steaay. noiio. eenerallv steady, no choice Wooled lambs sold eariy. eariy ,uP cimura lambs. $9.50: wooled ewes, $7.23; clipped wes, $6.73; lew lots nauv epulis $11 12.50. Seattle Livestock Market, SEATTLE. April 26. Hogs, steady, no i-er-eintu Quotations, prime. n;ai.i.', smooth heavies, 9.25iiu.z.i: rougn neavies, ti r.m,7 73: oies. $10 and $11.50. Cattle Steaay. o ruceiyio, muuliiuii. nr m. steers. S7.)o(0715.-n; meuium iw fmirfi . IKftftT.o: common 10 kuuu, .ii- Rat cows ana neuers. o.uvi; me In choice. $45.50: common to good, 8t, 4.50; bulls, 4&3.50: light calves, $10.50 12; heavy calves, soft i. Textile Mill for Vancouver. VANCOUVER, B. C, April 26. William Hollin A Co.. Limited, Mansfield. England, have been Incorporated In British Colum bla with a capital of $2,000,000. and will nter Into the manuiacture or an ainaa oi textiles. Rains Halt Farm Work. CHEHALIS, Wash., April 26. (Spe cial.) The continued rains are seri- usly Interfering- with the progress f the farm work in this portion of southwest Washington. Much spring plowing: remains to be done and much ery important cultivating, especially In berrv fields on the lowlands Foreign Business for Day Esti mated at Two Million Bushels. Corn Also Wanted. Abroad. CHICAGO, April 26. Export buying on a large scale turned the wheat market to day from weakness to strength. The close, although unsettled, was Hfflc net higher, with May $1.26 to JI.2B and July $1.05 to $1.05. Corn finished at lc net decline to c advance; oats gained c to c, and provisions 10c to 50o. Estimates were current that wheat ex port business the last 48 hours had totaled as high as 2,000.000 bushels. During ths first half of the day, however, before the volume of the purchasing for Europe was well understood, the bulls were at a dis advantage. General selling In small lots took place and moderate declines resulted, with bears putting stress on talk of a big strike on th part of American seamen. New complications In the British coal strike also tended to weaken values. Sub sequently, much more notice was given to exnort dealings, as a result, hibiickl prices of the session was scored after mid day, with profit-taking at tne lasi leaning to something of a reaction. Further export demand for corn helped to strengthen that cereal and oat as well. Besides primary shipments of corn were In excess of recelpta , Packers' buying did a good deal to bring about th upturn In provisions. The Chicago market letter received yesterday by the Overbeck A Cooke com pany of Portland, said: Wheat. Market showed stubborn re sistance to the liquidation pressure which was in evidence early and considerable of the absorption had the appearance of buying against export sales. An encour aging development was the Improvement noted in the domestic milling demand, accompanied by intimations that bakers throughout the country .have nearly ex haused their stocks and are beginning to buy flour In . a larger, way at the reduced prices. Late In the day buying was stim ulated by rumors that the allies and Ger many are getting closer together. The settlement of foreign difficulties Is ex pected to be followed by a more active export demand. Sales for export for the past two days were estimated as high as 4.000,000 bushels to Germany, Belgium and Italy. .Receipts are beginning to decrease and country offerings very limited. All in all, the news has a decidedly more bullish:, color and we believe will be re flected in the market. Corn Had a firm undertone and re sponded readily to the influence of a strong wheat market. The shipping de mand was again good with sales of 263. 000 bushels reported, including 200.000 bushels to exporters. Country offerings to arrive light and the condition of roads said to be very much against the move ment from first hands. The urgency of the shipping demand in face of a light movement presages a further decreased visible supply. We believe prices will work higher from this level. Oats. Selling pressure was limited and the market advanced readily In sympathy with other grains. Shipping demand was more active with sales of 75,000 bushels reported before noon. Country offerings to arrive light. This market appears to be on an Investment basis. Rye. Futures quiet but firm, reflecting the strength In wheat and advices from the seaboard of an export demand fol lowed later by confirmation of business being worked. Cash rye was In good de mand at 9 cents over May bid for No. 2 on track. Leading futures ranged a follows: WHEAT. Open. High. Low. .$1.24 $1.27 $1.24 l. l.ua CORN. -.60 .K8 .62 .61 OATS. .37 .36 .38 .37 MESS PORK. 15.13 15.80 15.75 July 16.05 LARD. May .... 9 45 9.70 9.43 July 10.00 10.15 9.90 SPARE RIBS. May .... 9.10 9.25 9.07 July 9.45 9.63 9.40 Cash prices were as ronows: Wheat No. 2 red, $1.25; No. 2 hard, $1.37. Corn No. 2 mixed, 59c; No. 2 yellow, 59r60c. Oats No. 2 white, 37J3Sc; No. 3 white. 3?37c. Rye No. 3. $1.25. Ba rley 60 70c. Timothy seed J4. 3016. Clover seed $1318. Pork Nominal. , Lard $0.65. Ribs U9.73. Mav July Mar July May July May 1.04 .38 .61 .36 .37 Close. $l.m 1.05 .50 .6: .37 .38 15.80 9.70 10.10 B.25 9.62 How to Figure "Where It All Went Saturday evenings our Savings depart ment is always open for your convenience. NEXT WEEK, HUSBANDS and wives in about 25,000 Portland families- will hold the usual monthly discussion over the bills that end with the same old conclusion, "We don't know where it went." But it went. Why not find out where your money goes? Then plug the leaks and start accumulating money for a SAVINGS ACCOUNT. We. have a sturdy little home savings bank here for you. Come and get one. LUMBEKMENS TKUST COMPANY BROADWAY and OAK Primary Receipts. CHICAGO. April 26. Primary receipts Wheat. 975.000 bushels versus 644.000 bushels. Corn, 469.000 bushels. Oats. 489, 000 bushels. Shipments Wheat, 1,104.000 bushels versus 300.000 bushels. Corn, 1,773,000 bushels versus 196.000 bushels. Oats, 292,000 bushels versus 251,000 bushels. Minneapolis Grain Market, MINNEAPOLIS. April 26. Barley, 450 62c. Flax, No. 1, $1.53 1.55 . Futures, wheat. May, $1.19; July, $1-11. Winnipeg Grain Market. WINNIPEG April 26. Cash wheat. No. 1 northern, $1.75; No. 2, $1.69; No. 4, $1.49; No. 5, $1.42; track, $1.06; bar. ley, No. 3, 77c; No. 4, fibc; oats. No. 3. 38c; No. 1 feed, 36c; No. 2, 33c. Fu tures, wheat, May, $1.57; July, $1.35. Grain at San Francisco. SAN FRANCISCO, April 26. Grain Wheat, milling. $1.U02; feed. $1.8ol.U0 barley, feed, $1.07611.15; shipping, $1.20 ei'1.40: oats, red feed, $i.4o&1.53; corn white Egyptian, 2.u& 3.25; red milo, $2.75 tt2.80: rye. nominal. Hay Wheat. $2021: tame oats. $170 19; wild oats, $1215; barley, $12015; al falfa, $17ft$u; stock, llOiaia. Seattle Grain Market. SEATTLE. April 26. Wheat, hard white, soft white, white club, $1.25; hard red winter, aoft red winter, northern spring, eastern red V alio, $1.22; Big Bend blue stem. $1.30. citv delivery: ireeo scraicn ieeo. 4t babv scratch feed. $71: feed wheat, $48: all grain chop, $42; oats, $30; rolled oats, $41; sprouting oats, $44; whole barley, $44; milled feed, $30; bran, $30; whole corn. $38; cracked corn, $40. Hay Alfalfa, --; ooudio compressea ai falfa, $30; ditto timotny, ids; eastern Washington mixed, ox; siraw, .s; x-ugei sound alfalfa, $30. SAN FRASCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, tte., at Bay City. ran FRANCISCO. April 26. Vegetables Asparagus, 4(goc; potatoes, old, nominal; new, 3!(f4c; garimi, wiifw, nemo, N.ncv Hall. t5.00iS6.00; onions, Austra lian brown. 40'u.ooc: green. ii.wi.n celery. $1.23W3.oO crate; garlic, 6&8c; ca&baze. lo pound; bell peppers, 6420c turnips, 50c(S$1.00 sack; beets, $1.00fel.50; imrsnins. 2.0OU-'.a saca: carrots, ioc $1.00 sack; peas; 6llc; rhubarb, Ala meda $1.00 1.83; San Jose, $2.00; lettuce, $1. 0003.00; artichokes, $6.00(&ilo.O0 crate; spinach. 2fr3c pouna; string oeans. 8i)c: erg plant. 20 6 23c. Poultry Hens. zuff-oc; strictly young roosters, 42&45c; old. 18$r21c; fryers, 503f i;V: broilers. 33 a 0Oc; ducks, 80U35c; squabs, StXtfoic; pigeons, $3.0063.30; Bel gian hares, 2325c; Jackrabblts, $3 3.50. Fruit Oranges, navel, $2. 25 Hp 5.00; lemons. $2.233.75; grapefruit, $1.50ti3.5O; apples. $1 75T'2.73: strawberries. Penin- sula and Watsoriville, $202.25 crate, 85c $1.10 drawer; Imperial, $2.25(?2.50 crate; bananas. 910c; avocadoea, $3.506; rasp berries. $3 per drawer. Receipts Flour 4721 quarters; wheat, 40 centals: barley, 7069 centals; oats, 2067 centals; beans, 3824 sacks; potatoes, 2425 sacks; onions, 21 sacks; hay, 300 tons: hides, 438 bundles; lemons. 1200 boxes. QUOTATIONS ON DAIRY PRODUCE. Market Prices Rating on Batter, Cheese and Eggs. SAN FRANCISCO, April 26 Butter Extras, 34cj prime firsts nominal. Eggs Fresh extras, 28c: extra firsts, 27c; firsts, nominal; dirties, 24c; extra puiicls, jc; undersized, J8c. Cheese Flats, fancy, 15c; firsts, nom inal; Young Americas, 17c; firsts, nom inaL CHICAGO, April 26. Butter Lower. Creamery extras, 83c; standards. 34s. Eggs Unchanged. Receipts, 67,511 cases. NEW YORK. Aoril 26. Butter TTnset tied. Creamery higher than extras. 400 41c; creamery extras, 39 4 40c; creamery ursts. 36CZ39C. Eggs Weak. Fresh gathered extra firsts, 282tfc; firsts, 2628c Cheese Unsettled. State whols milk flats, fresh specials, 19$20c; others uncnanged. SEATTLE, April 26. Wholesale prices to dealers: Eggs Select local ranch, whits sheila 27$2Uc; do. mixed colors, 2526c; pullets, Z3C. Butter City creamery, cubes. 39c bricks or prints, 40c: country creamery, extras, cost to Jobbers, in cubes, 36c. May Coffee Liquidated. NEW YORK. April 26 The chief fea. ture in the market for coffee futures today was further liquidation of May contracts i preparation for possible notices tomorrow This was chiefly in the way of exchanges from May to later months at Just about the recent differences, and after opening unchanged to one point higher, prices fluc tuated within a range of six or seven points. July contracts sold between 5.83c and 5.90c; closing 5.90c bid, with the gen eral market closing net unchanged to 8 points higher. May. 5.47c; July, 5.90c September, 6.29c; October, 6.47c; Decern ber, 6.82c; January, 6.92c; March, 7.13c. Spot coffee, quiet; Rio, 7s 505 Santos, 4s 89c. Metal Market. NEW YORK, April 26. Copper, steady. Electrolytic, spot and nearby, 12c; May and June. 13c. Tin easy. Spot and nearby, 32.25c; fu tures. 81.75 032c. Iron, nominally unchanged. Lead firm. Spot. 4.35o. Zinc, steady. East St. Louis, spot, 4.90 5c. Antimony, spot, 5.25c. NEW YORK, April 26. The American Smelting & Refining company today ad vanced the price of lead from 4.25c to 4.35c a pound. Doluth Linseed Market. DULUTH, April 28 Unseed on track. $1.601.52; arrive. $1.51. Holiday at Savannah, SAVANNAH, Ga., April 26. No turpen tine market, holiday. Cotton Market. NEW YORK. April :. nutet. MtnMMng, 12 3V. Jottoa Bps pAREFUL INVESTORS should pur v 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. I protection in making safe investments. (I $29,000 Kelso, Wash. 7 IMPROVEMENT BO-VDS Dated Feb. 1. 182U Doe Feb. 1, 1033. Estimated maturities 1923 tol931 Trlcet Par anil Interest to Yield ' O 7 WESTERN BOND & MORTGAGE CO. Main 113 SO Fourth St. Board of Trade Bonding; Ground Floor City of Portland 10-year 6 Bonds At 101 to yield about 5.80 Freeman. Smith ssouno fioo LAmr UnnamacH BoiLoma rim AND TA SOt shut ayso What's the Difference Between Investment and Speculation? The "ELEMENTARY PRINCIPLES OF INVESTMENT" Says: "INVESTMENT is made with the idea of obtain ing a reasonable return of interest on the amount invested and with the safety of principal as a first consideration." ' "SPECULATION has for its fundamental pur pose an increase in the amount or value of the capital or money invested. It depends for success upon foretelling the future correctly. Failure surely means a partial, if not total, loss of capital." Ask For Your Copy of This Book Free. Blyth, Witter- &. Co. Yeon Bldg.. PORTLAND SEATTLE - SAN FRANCISCO -LOS ANGELES - NEW YORK Are the Copper Stocks To Rise? Recent market action strongly suegeiti accumu lation for the long awing upward. Depression has carried to far that any change in th trade situation must be for the better in expectation of an active market for the copper stocks. We have prepared inter esting data on the leading Issues. To obtain this data ask for Bulletin P-G.-50 which we will send free en request, together with our booklet Thrift-Savings-Investment CtiflRLEsRClflRKSDNfiHf 66 BROADWAY NEW YORK TELEPHONES: RECTOR 4663-4 ;i:n:t."!:g:::::::i::::::i::::'n::n::n:l::n::i:n;::a::::n:::: 10 Corporation desires loan of $60,000. Will pledge as collat eral $100,000 gilt edge bonds. Will pay '10 interest and repay principal $10,000 per month. AG 601, OREGONIAN TEXT BOOK OF WALL STREET A 40-page book (copyrighted) discussing clearly and unmis takably rules governing stock market transactions: Methods of Tradlaa-. Commission RMes. How to Open an Account. A Dementing; One's Income. Deposit Reantrements for Carrying Mocks on Ac count. Dictionary of Wall Street.1 History of the New York stock Exchange. Hixtsry of the New York Curb Market. Foreign Exchange. And many other snbjecta of interest to investors and stock traders. . Copy free npsn resjaest. McCall&RUey Co., Inc. 20 Broad Street New York 8. Safety High Yield We offer the unsold portion of our own issue to yield 8. Safety of Principal and cer tainty of interest guaranteed hy 95 individual first mort gages on irrigated farms. There are $175,000 mortgages held by the Portland Trust Co. to secure $150,000 bonds. Con servative loans. Bank recom mendations. Bonds Ready for Immediate; Delivery at the Portland Trust Company Exempt as to 2 normal in come tax. Legal investments for Savings Banks and Trust Funds. Denominations: f $100 $500 $1000 Ask Us for Circular Southern Idaho Land & Power Co. Portland Office 1212 Gasco Bldg. Phone your want ads to Ths Ore- gontan. Alain 7074, Automatlo SSO-tS. HERRIN & RHODES, Inc. (Established 1808) . BROKERS MEMBERS CHICAGO BOARD Or TRADE. Correspondents. E. F. HDTTOJf A CO. Members New York Mock F.x-chant-a. I'rlvate Leased Wires Direct ts All arcnrlty and Com modity Markets, LIBERTY AND VICTORY BONDS BOIGHT AND SOLD MAI 3 3K3 nnd SH4 201.4 RAILWAY hiACU. BLDO,