TITE 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
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discussing clearly and unmis
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count. Dictionary of Wall Street.1
History of the New York
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Hixtsry of the New York
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And many other snbjecta of
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20 Broad Street New York
8.
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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
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Phone your want ads to Ths Ore-
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