21
THE MORNING OREGOMAX, FRIDAY, APRIL 29, 1921
SMALL APPLES ARE
IN OVER SUPPLY
Consignments In From Yaki
ma Weaken Local Market.
OREGON STOCK CLEANS UP
Total Storage Holdings in Country
Are Equal to 636,000 Barrels
More Than 6-Year Average.
Ta ppe won Is not winding up In
rha local market as aatlsfactorlly aa waa
hoped for. The arrival of atrawberrle.
rhubarb and similar products alwaya has
noma affect on tba apring demajid for
applaa. but with auppllea of the latter well
cleaned op In Oregon. It was hoped thai
apple price could be maintained at a good
level up to the end. Other sections of the
northwest, however, are far from cleaned
u particularly the Yakima district,
which Is disposed to consign apples here.
especially the small sizes. The trade has
already had more than It wants of this
class of apples and as a result the de
mand has become anything but good and
prices) are naturally weakened.
The general apple situation throughout
the country Is feeling the effect of the
large supply that remains unsold. Barreled
apples show holdings of 300.000 barrels
more than last year, and 85.000 barrels
above, the six-year average, thourb some
what less than the 1916 and 11)17 stocks.
Boxed apple holdings are the largest on
record for April 1. being 500.000 boxes
more than mere he:d last year and 2,000,
oofl boxes more than were held April 1.
!!. Counting three boxes as eaulvalent
to one barrel, the total stocks in cola
storage are 638.000 barrels more than the
six-year average for April 1.
The combined movement of both boxed
and barreled apples from all shipping
states is now about 500 cars per week.
This Is nearly 40 per cent more than pre
varled at a corresponding time last year.
Over three-fourths of the shipments of
barreled apples originate In New Tork
state. Washington ships boxed apples In
nearly the same proportion. Indiana, Mis
souri. Pennsylvania, West Virginia and
Virginia each ship from 10 to 20 cars of
barreled apples a week, while Oregon. Ida
ho and California each ship about 20 cars
of boxed apple a week.
pounds In 120 and 8.12.000,000 pounds In
lIT. The 3-year average for April 1 Is
1,078.0UO,UOO pounds.
ANOTHER DROP Pf BtTTKB TODAY
Prints Will Be Down 3 Cent to S4 Cents.
Butterfat Declines.
Butter prices will be cut again today.
According to announcement made yester
day, prints will be 3 cents lower at St
oents for parchment wrapped when busi
ness opens this morning. The movement
was slow during the day and there was
mor or less shading of prices by sellers.
In th cube market the demand was
light and 32 cents was the best price ob
tainable. Butterfat will also be down 3 cents to
day to the 30-cent basis for No. 1 grade.
There was some shipping Inquiry for
ejrg and at least one car was loaded out.
Buyers paid 19 to 20 cents delivered and
there were rumors of a cent mor being
offered by some firms
Poultry and dressed meats were weak.
Light-weight hens sold down to 21 cents
and for heavy hens the best price wn 26
cents, with most retailers bidding 25
cents. Good veal sold at IS to 14 cents.
Week's Shipments Larger.
World shipments of wheat last week
and the same week rast year were:
Week Ending
Apl. 23. "21 Apl. 24. -20
. K 71I2.00IP 3,517.000
. 3.0.in.noa 7,1nS.0O0
. 4.o2a. nun 1,320.000
1 1 -AH XJ
V. S. and Canada
Argentina
Australia
Others
LIBERTY BONOS STRONGER
French 5s, 10111...
French 4e, 11117...
French 5s, l'.UO...
Italian 5s. 11)18...
British 5s, 11122...
British 5s, 11)27.. .
British 5a, 11I29...
STfirk'S irVT7 IV IBnrr:rl in British vky 4s.
COCJISE IX WAIil, STREET.
Lower Bank of England Rate Is
Offset by Firmer Domestic
Money Tendencies.
Belgium rest 5s..
Belgium prem 5s..
German W. I. 5s..
Berlin 4s
Hamburg 4s
Hamburg 4 'As...,
Leipsig 4VjS
l.eipjlg
61 -40
70
37 4
31)2
375
37!)
300
27
04
68H
11
12
14
14
13
-34
Munich 4s : 1314
Munich 5s
Frankfort 4s
Jap 4s
Jap 1st 4s....
Jap 2d 4Us
Paris sixes
t was U K 5s, l!2t
S n K 5s. 12!1
U K 5i4s, 17
15
14
824
82 V4
07
!)
!-,
S3
62
47
71
38
404
3S7
31)1
314
8
US
70
12
13
14
H
in
16
14
17
1
67
S3
83
1)8
AO
f5
8!) i
85
HOuS RECEIVED DIRECT
Total 14.302.000 12.833.000
pnipments ror the season to date com'
pare as follows:
July 1. 20 t.ast Season
Tot! Kincf. Rttmm VarinA
u. 8. and Canada. .35.1.1)21. 000 247.227.000
Argentina ti.".. 020. 000 173.3tU).MH)
Australia 53 .Ills 000 imij ihh)
irmers H.3IS.0U 1. 842.001
Total .
484.337.000 503,340,000
Strawberries Do Not Clean I p.
Strawberry receipts yesterday were not
large, but they were more than sufficient
to local requirements and all were not
sold. Florins, th delivery of which waa
light, were quoted at 15 $5.25 a crate and
Los Angeles at $3.50 a drawer. Another
car of Los Angeles berries Is due today.
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows
Clfarinyw. Balances.
Portland 4.R7.S.775 1.314.4li4
Seattle 3.8!7.:t0 1.035. ISO
Tacoma 624.377 1S3.RS2
Spokane 1.116.D13 380.746
PORTLAND sjARKET QUOTATIONS
Grain. Floor and Feed.
Merchants' Exchange, noon session.
-Uiu-
April. May. June.
RESERVE RATIO IS INCREAKKD
Gala of .ine-Tenihs Per Cent for Week
Reported by Federal Board.
WASHINGTON. April 2. Combined re
sources and liabilities of the 12 federal
reserve banks at the close of business April
27 were reported tonight by the federal
reserve board aa follows:
Resources
Cold and gold certificates S 347.946.000
Gold settlement fund federal
reserve board 488.219.000
Total gold held by banks.. 836.165.000
Gold with federal reserve
sgents 1.317.810.000
Gold redemption fund 1U3.344.0OO
. .$ 1 23 t 1.20 S 1 10
i.jn l.ii) j. in
J. in
in
lis
1.17
.. 28.00
24.00
22.00
24.50
1.1!)
1.10
118
1.17
2. 51)
26.00
24.00
22.00
24.50
1.11)
111)
1.18
1.17
26.50
26.00
24.0
22.00
25. VO
secured by
government
2.504,763.000
Total gold reserves 2.317,.V..00fl
Legal tender notes, silver etc. 187.1H4.0O0
Total reserves
Bills discounted,
TJntted States
obligations ..
All other
Bills bought in open market.
P20.537.OOO
1.143.202.000
103. 6011. 000
Total bills on hand ..
I'nued States government
bonds
t'nited States victory notes. .
United States certificates of
Indebtedness, one-year cer
tificates, Pittman act
All other
Total earnings assets . . : . .
Bank premises
Five per cent redemption fund
against federal reserve bank
notes
Uncollected items
All other resources
2.167.348.000
25,61)0.000
l'J.000
230.373.000
2.708.01)0
2.433.14O.00O
21.832.000
1t.33!.000
619.828.000
11.578.000
S.504.480.000
...
101.235.000
202.03K.0OO
33.872.000
Total Resources
Liabilities
Capital paid In
surplus ,
Deposits, government
Due to members, reserve ac
count 1.658.718.000
Other deposits Including
foreign government credits 33.309.000
Total deposits ....
Federal rererve notes In ac-
1.725.899.000
2.830.118.000
156.219.000
430.700. OK0
oS.243.000
tuat circulation
Federal reserve bank notes in
circulation, net liability..
Deferred availability items..
All othrt, liabilities
Total liabilities I.V504.480.00O
Ratio of total reserves to deposit and
federal reserve note liabilities combined,
&5.0 per cent.
Ratio of gold reserves to federal reserve
notes in circulation, after setting aside
S3 per cent against deposit liabilities. 67.2
per cent.
EXPORT BIDS ARE OCT OF LINE
Wheat Prices Are Higher Again at All
Northwestern Points.
Thar was a firmer undertone ts the
wheat market yesterday and country bids
wars about a cent better than Thuraday,
but the advance did not have much ef
fect on farmers. Export bids continued
out of lin with prices ruling here. At
th Merchants' Exchange session offers
for bard whits northern spring and red
Walla were 2 cents higher and ether
grades t cents higher than the day before.
For April white oats 128 was bid. an ad-,
vane of 13 and th later months were up
60 cents
Argentln wheat shipments this week
ar estimated at 4, 253,000 bushels whea
and 700.000 bushels corn.
Terminal receipts in cars were reported
by the Merchants' lCxchange as follows:
Portland Wheat Barley Flour Oats Hay
Thursdsy. ... llil ... 20
Tear ago.... ... II
Season to date 1.1 751 246 876
Year ago.... 7.824 174 36-0
Taoema
Wednesday.. 10 ... 2
Tear ago . 7 ... 6
Feaaon to date 4 ?33 5(1 6
Tear ago.... 6.564 V0 3007
Seattle
Tuesda 1 S
Year ago 20 1 1
Season to data 4 3 i 20 38
Year ago.... 5.841 240 8-J8
1
509
433
14.S
175
4
420
642
2205
204:
.-
810
1318
1151
STORAGE SHOWS EARLY
SEASON
for
Egg Reserves Far Above Average
Past Fire Years.
The 1.884.000 cases of eggs reported In
storage April 1 are a significant barometer
of the earliness of th egg season, and rep
resent much larger holdings than are
nsual by April 15. The average stocks
neid on April i el the past five years were
less than 250,000 eases. Froxen eggs are
moving very slowly. Stocks show a de
creets which Is smaller than usual for
the month of March and now stand at
almost three times the 6-year average for
April I.
Creamery butter stocks exceed lsst year's
noiaings py ..ooo.imhi pounds, and the 5
year average by i.OOO.OOO pounds Ameri
can cheese stocks are 1.O00.0OO pounds less
man ioe o-year average.
The cold-storage holdings of frozen
poultry amounted to 62.563. ink) pounds
comparea Wltn ei.eoO.OOO pounds last year,
and the 6-year average of 56,359,000
pounds.
Stocks of fror.cn bef reached the low
est point ever recorded by the bureau of
markets as or April I. Holdings were
K3.0oo.oii0 pounds under last year's and
78.O00.OOO pounds under the 5-year aver
age. Froxen pork stocks are the largest
the bureau has ever reported, the 318,
000.000 pounds held on April 1 being near
ly doubie the 6-year average. The In
crease la largely accounted for by the
slower movement Into consumption. Stocks
of fro. en lar.b and mutton were reduced
by 21.300.000 pounds, or 36 per cent. Stock
still in storage, however, are far above
normal.
The agsregate of meat stocks, not In
eluding miscellaneous meats. Is I.OI6.0011..
000 pound com pared with 1.204.000,000
Wheat
Hard white
Soft white
White club
Hard winter.....
Nor. spring . . . . .
Red Walla
Oats
No. 2 white feed.
Gray, No. 2
Barley
Brewing
Standard feed
Millrun
Corn
No. 3 E. T. shipment. . 29.50 29.50 29.50
FLOUR Family patents, $8.20 per bar.
rel; whole wheat. 66.60: graham, $6.40
bakers' hard wheat. So. 60; bakers' Slue-
stem patents, (7; valley bakers', $,
strsignts. I"
MILLFEtD Prices f. a. b. mill: Mill-
run. $28 per ton: rolled barley, $36038:
rolled oats. (38: scratch feed, $53 per ton.
CORN" Whole, $38: cracked, $41 per ton.
HAT Buying prices f. o. b. Portland:
Alfalfa. $18.50 per ton: cheat, $22023 per
ton: clover. $16; valley timothy, S2402A;
eastern Oregon timothy, $26.
Dairy and Country Produce.
BITTKR Cubes, extras, 31J32e: prints,
parchment wnipped in box lots. 34c;
cartons. 35c. Butterfnt, buying price: A
grade. SOc: B grade. 28c. Portland delivery.
EGGS Buying prices, case count, 19
20c delivered. Jobbing prices to retailers:
Candled ranoh, 2324c; selects, 26c.
CHEESE Tillamook triplets, price to
Jobbers f. o. b. Tillamook, 25c; Young
Americas. 26c pound.
POULTRY Hens, 21200 pound: ducks,
nominal, geese, nominal, turkeys, nom
inal. PORK Fanoy, 15c per pound.
VEALi Fancy, 1314c per pound.
Fruits and Vegetables.
FRUITS Navel oranges, $4 & 5.75 per
box; lemons, $3.75&5; grapefruit. S3.25&
8.50 per box; bananas, lo&llc pound; ap
ples, 61.254J3.50 box: strawberries, $5
6 $5.25 per crate. $3.50 per drawer.
VEGETABLES Cabbage, 8t4o pound;
lettuce., 6444.5U per crate: carrots, $1.50
per sack; garlic, 15920c per pound; beets.
$1.50 per sack: cauliflower, $22.50 per
crate; green peppers, 3u50o per pound;
rhubarb, 465c per pound; spinach. 7fe8a
per pound; turnips, $1.50 j?2 per sack; to
matoes, $5.50 per lug; cucumbers, $1.75G
3.50 per dozen; peas. 15<c per pound;
asparagus, 12 615c per pound. 62.50 per
dozen.
POTATOES Oregon, $1.25 1.80 per 100
pounds; Yakima, $1.70&2; new California,
lw'12c per pound; sweet potatoes, $3.75
pert era ir.
ONIONS Oregon, 75cQ$1.25 per sack.
Staple Groceries.
Local Jobbing quotations:
SLuAR tsack basis) - Cane granulated.
Stc per pound: beet. 8.15c per pound.
NUTS Walnuts, 30939c pound: Frasll
nuts. 8oc; filberts. 12c; almonds. 24ff30c;
peanuts, 8011c per pound; oocoanuta, 61-75
per descn.
RIOhi Blue Rose. 6c per pound; Japan
style, 440 per pound.
BEANS Small white, 4c; pink. 71ie;
lima, 8c; red, 6c per pound.
COFFE'. Roasted, bulk, in drums, 14 O
86o per pound.
SALT Granulated, bale, $3.4004.25;
half ground, ton, 50s, (19.75; 100s. $19.25
lump rock. $26.50.
DRIED FRUITS Italian prunes, 6tt
pouna; dates. 4.2oj o - per box; tigs, V-
q o.j per oox.
Provisions,
RAMS All sites, 30037c: skinned. 260
asc: picnic, liavivc: cottax roil. auc.
BACON Fancy. 43053c; cnoioe, 800
S5c; standard, 26r2hc
LAKD Pure, tierces, 17o pound; com
pound, tierces. 12c.
DRY SALT Backs. 22 0 25c; plates. 18a.
Hides, Hops. Etc.
TALLOW No. i. 04c; No. 2. 2 03c
per pound.
CASCARA BARK 1920 peel, Tc pound;
1921 peel, 6c pound, delivered Portland.
HOPS 1!)20 crop, best, 20c per pound.
HIDES Salted country hides, 4o dellv.
ered Portland; grubby hides, 3c; city calf
sains, iuc; country can sains, so; gooa
kip. 6c; grubby kip. 4c.
MOHA1K New clip. 18020c per pound.
URA1N BAGS Car lota, 7c, coast.
Oils.
LINSEED OIL Has. In barrels, 89o;
five-gallon cans, 6104. Boiled, In barrels,
61: five-gallon cans, (1.V6.
TURPENTINE In drums. 69e; five-gallon
cans. 81.04.
COAL Oli, Tank wagons and Iron bar
re la I7c; cases. 800 37c
GASOLINE Tank wagon and Iron bar.
rel. 30c; cases, 42 c.
Are Weaker With
$8.25 Top Price Obtainable.
Cattle Trade Slow. ,
NEW TORK, April 28. Much of the oc
casional irregularity which characterized
today s fairly active stock market
ascribed to a feeling of dlsannoln
arising from the cut in the Pennsylvania
railroad dividend rate. This episode, it
was popularly believed, foreshadowed the
Inauguration of a similar movement by
other leading transportation systems whose
directors and executives have long Been
committed to a policy of drastic re-
trenenment.
The most hopeful news was of foreign
the Bank of Engird discount rate as I THREE LOADS IX FROM SOCTH
indicative of an early settlement of British ir rx-r- . T-r r, . r i: t r,
labor disturbances and of further progress DAKOTA TO FACM.R.
towards solution of the German repara
tlons dispute.
foreign exchange reflected the easier i prnj. Lambs
duplicating their recent maximum quota
tions and French, Belgian. . Dutch and
Swiss rates also hardening materially.
German remittances were depressed. how
ever, and the Greek rate again broke
sharply.
Rails were subjected to moderate pres-1 Of the small run of six loads of stock
sure at the , outset, together with prom-I at North Portland yesterday, three loads
inent ous, motor specialties, utilities auu weia irum ouuin wnieii oajne
miscellaneous Issues. After mid-day
prices rallied under lead of Studebaker.
General Asphalt and International Paper.
but another Irregular setback ensued oe-
fore the close, when call money rose
from 6 to 7 per cent.
Kales were 875.000 shares.
The sudden Jump In call loans was at
tributed to withdrawals of funds for fed
eral account and to preparation by local
banks to meet heavy May Interest and
dividend disbursements.
Trading In bonds was mere active and
broader of scope than at any recent period.
A firm tone prevailed in most of the im
portant domestic Issues, including liberty
bonds. The international list also held
steady, but was without especial feature.
Total sales, par value, 612.8 io.OOO.
CLOSING! STOCK QUOTATIONS.
Last
High. T-ow. 8ale.
31 '4 3H 30
12tf 125 126
4 44 44
88 S7 a'
42 H 42 42
SS- 87 'i SS?i
71 70 u; 71
17i 107 107
121', lll)i 121
Tl)" Tin
26
40
81
3S
90
SB
5(1 H
13
45
111
HEAT FIRMER JIT CLOSE
r
REPORTING OF TARIFF BILL
STRENGTH EX S M ARKET.
Sales.
2O0
2.000
800
6.700
S.600
1.200
1.7DO
1.W0
3. SIX)
loo
Am Beet ' Sug
American fan
Am Cr & Kdy
Am Inter Corp
Americn Loco
Am Sm & Rfg
Aniercn Sugur
Am Sum Tob
Am Tel A Tel
Amen Tob Sec
Amem woolen 13.0110
Am Z. Ld & S loo
Anaconda Coo 8.300
Atchison 1.700
At. Gir WT 16.400
Baldwin Loco.lll.rtoo
Baltl Ohio 11.000
Beth Stl "B'V S.ooo
Bt A Sud Con ' 600
Calif Petrolem 700
Canad Pacific
Cenirl Leather
Chand Motors
Chesp a; Ohio
Chi. M St P
Chi & Nrthwn
Chi. R I 4 P
Chino Copper
Corn Products
l.rtoo
1.7O0
8.1O0
1.3110
2.000
6.000
S.ofH)
1.200
l.soo
Crucible Steel 11.2O0
.too
1.800
5I0
7.700
2.000
100
700
500
1.300
Cuba Cne Sug
Erie
Oenr! Electric
Generl Motors
Gt North, pfd
Illinois Centrl
Insprn Copper
tnt Me Ma. pfd
Internl Nickel
Interntl Paper 20.100
K C Southern 8.7O0
Kenne Copper 1.000
Mexl Petrolem 53.800
Miami Copper 1,400
Mid States OH
Mldvale Steel.
Missouri Pacif
Montana Powr
Nevada 'Coppr
N Y Central.
N T. N H H
Northn Pacific
Ok Prd & Rfg
Pan-Am Petri
Pennsylvania..
Pitts & W Va
Ray Con Cop
Readlna- 22.000
Rep Irn a- Stl 2.000
Ryl Dtch. N Y 20.7110
Shell Tr & Td 3.4110
Sin Oil Ffg 20.OII0
Southn Pacific 8.0110
South Railway 1,300
S O. N J. pfd 400
Studebkr Crp.133.6O0
Texas Co 7.000
Texas ar Pacif 1.300
Tobc Products 3.8O0
Transcontl Oil 4.0O0
Union Pacinc.
U S Fd Prdts
U S lnd Alee
U S Rtl Stores
U S Rubber.. 13.000
U S Steel. . . . 2U.600
U S Steel, pfd 700
Utah Copper..
Western Union
Westg Electric
Wlllys-Overlnd
41
81 H
3!i7
110'i
36---,
511 .
l:-.
45
111
' ,V.
S4
61
26',
3
27 3,
24
74 '
82 U
1ST,
13
137
13i
71
01
30
54'
16
04
27
20-4
151 '4
24
15
29
17
52 't
12
61)
17
74
3
72
34
2S
13
73
64
09
46
75
21
108
92
43
21
04
11
l.4o im
7.300
000
S'KI
2I0
700
2.0O0
S00 3. 100
0l0
6.3O0
S.IXK)
6110
7O0
1.OO0
1.8O0
3.0O0
V S 2s reg.
U S 2s CO
U S 4s, reg
20
69
i4
75';
S3
no
53
90
4"!
8Ts
BONDS.
.99 14 IN Y C deb 6s.
.99iNo P 4s
104,No Pa 3s
3.800
1O0
400
8.200
T-ow.
8S
SDH
125
44
S7
42
87 'i
70
107
76
26
30
81
38
SS
5'
13
45
not,
34
62
60
25
2
265,
M
73
80
18
13
136
13
70
91
35
53
16
59
26',
20
147
23
14-4
28
17',
52
12
6Si4
17
72
3
70
33
26
13
70
63
m.
45
26
74
21
108
80
4214
20
63 'i
11
ll&H
20
AK'i
52
73
824
110
53 '4
IK)
47
8
351i
S3
61
25
611
24
73
81
IS
13
137
13
- 71
111
35
54
Jt
62
26
20 'A
149
14
28
1
52
12
611
17
78
3
71
34 Vt
28
13
63
6S
46
In as a direct shipment. Hog prices in the
main were the same as on Wednesday, ex
cept feeder pigs, which were listed 50
cents cheaper. Cattle continued slow and
sheep were reported wesk. The top price
on spring lambs was $3.25.
Receipts were 6 calves, 515 hogs and 391
sheep.
The day s sales were as follows:
Wt. Price ! Wt. Price.
25 steers ..1208 $7.50'27 lambs ... 78 $8.25
5 steers .. 758 5.50 10 lambs . .. 107 6.90
1 cow .... 720 4.50 13 lambs ... 61 7.00
1 cow 1100 5.73 78 lambs ... 58 8.25
2 calves.. 140 11. 001147 lambs . 90 6.50
6cilves.. 143 9.00:61 lambs ... 60 8.00
SOhogs... ISO 0.23! lambs ... 53 6.00
1 hog 210 10.001 7 ewes 154 3.00
Shoes ... 204 9.7.11 1 cow 8110 3.00
6 hoxs ... 200 9.73:17 mixed ... 713 4.00
12 lambs .. 06 8.231 1 bull ....1360 4.50
4 Iambs .. 2 7.001
The following prices are current at the
local yards:
Choice steers 7 73 8.25
Medium to good steers 7.00ffi 7.75
Fair to medium steers 6.25tfr 7.00
Common to good ste-rs 5 25S 6.25
Choice cows and heifers 6.00i 6.75
Medium to good cows, heifers. n.50r 6.00
rair to medium cows, heifers. 4.00fil 5.30
Common to fair cows, heifers. 4 nOr9 a ."ill
Canners 2 M)fl 4 00
Bulls 3.50 5.50
Choice dairy calves 11.001 1 1.50
Prime light calves 7.00W10.50
Heavy calves 4.00tfd 7.00
Best feeders 8 Otlffl 6.50
Fair to good feeders 5 50p 6.00
Hogs
Prime light 30)910.00
Smooth heavy, 230 to 300 lbs.. 8.00'W 9.00
bmooth heavy, 300 lbs. and up .009 8.00
Kourni heavy A 00 8.00
Stags 4 WKli S 1:0
hat pigs 9.50 10
Feeder pigs
bheep
Prime east-of-mountaln lambs
Valley lambs .
Heavy lambs, 90 lba and up..
Feeder lambs
Cull lambs
Yearlinits
Wethers
Ewes
00
8.500 9.60
7.00fi 7 3(1
3.001 6.25
5.00 f 6 00
3.008 6.00
2.00 4.00
4.50 5.50
4.00 TV. 00
1.00 'V0
Chicago Livestock Market.
CHICAOO, April 28. Cattle 8000: best
steers and butchers' she stock active;
mostly 10 to 15c higher; top yearlings, 19;
top heavy steers, J8.75: bulk beef steers.
7.75i6 8.33: bulk fat cows and heifers,
I5.50I&7; calves and bulls stesdv: hulk
vealers, 6838.75; bulls largely I3.256.25;
stockers and feeders steady to strong:
oum stocKer and feeder steers. 66.25fr7.50.
Hogs 24,000: active: 15 to 25c hiarher
than yesterdays average; hogs well sold:
top. xn.60; bulk. I8.10&8.50; better grades
pigs steady; others weak.
Sheep l.i.OOO: mostly steady: wosleri
lamb top, 111; shorn top. J10.50 to city
butchers; packers, top. 10: choice shorn
wethers. 67.25: few lis-ht shorn wethers.
$7.25; best shorn ewes, 66.7S.
Kansas City Livestock Mnrfcet.
KANSAS CITT. Mo.. April 2S. Cattle
4300: beef steers steady to 25c higher,
mostly 10 to 15c higher: best vearlinzs.
26 early, 68.15; heavy steers for export, 67.63
2l o , v-uioraao . puipers, si.ooiO' 1.10: some
bids. 67.85; she stock and feeders steady;
best cows, J6.50: good heifers. 67: canners
and calves steady to strong; best vealers.
69: bulls 23c higher.
Hogs 7000: closlns active. IS to "te
higher than yesterday's average: mostly
23c higher; best lights to packers. 68.2a;
bulk o sales, J7.li.i" 8.15: stock nias
steady: best kinds. 68.75.
Sheep 4500; killing classes active and
steady; top lambs. 610.35; most desirable,
weight bands, HO.lSSr 10.35: heavies. 19:
spring lambs. 110.50012; shorn ewes, 18;
snorn wetners, s.fi0.
21
UK
91
42
21
53
11
116
s
53
75
83
110
53
HO
47V
8
Six Hundred Thousand Bushels of
Xew Grain Purchased for Europe.
Crop Reports Favorable.
CHICAGO, April 28. Wheat developed
strength today after word was received
that the emergency tariff bill had been
reported favorably to the senate. The
close was firm, at the same as yesterday's
finish to lc higher, with May $1.27
1.27 and July 61.0501.05. Corn closed
4ilo net lower, oats off ?o and
provisions varying from 25c decline to an
advance of 2c.
It was a wavering market for wheat
until arrival of the news regarding the
emergency tariff measure. Most of the
time previous values had been on the down
grade, although one Important rally took
place as a result of some revival of export
demand. It was said 600,000 bushels of
new wheat had been purchased for Europe
and that exporters had offered equal to
20 cents over May track, Chicago, for No.
2 hard, but had been outbid by domestic
millers. The earlier weakness was ascribed
in a zeneral way to bearish weather and
crop reports and to the unsettled condi
tions between Germany and the allies.
Corn and oats were depressed because
exporters showed apparent indifference as
to corn, and Iowa advices told of . corn
nlantinc ten days earlier than usual
Provisions averaged lower in sympathy
with corn.
The Chicago market letter received yes
terday by the Overbeck Cooke company
of Portland said:
Wheat Ruled lower most of the day.
July leading the down turn, based on fa
vorable crop reports. -1 ne unaerione. How
ever, was by no means weak and toward
the close prices responded readily to scat
tered buying by shorts in July and by
seaboard Interests in the May delivery.
The statement of wheat supplies In Kansas
was considered rather bullish, showing
5.000.000 more than last year in first
hands, but considerably less In all posl
tions. Omaha reported the best milling
nd exoort demand in some time. Willi
the visible supply decreasing at an alarm
ing rate and the country showing less dis
noaition to sell on account of the evidence
of the revival in the domestic demand for
flour, there does not seem much induce
ment to sell July wheat at more than 30
cents discount under the spot price. It
must be remembered that the new crop
is still subjeft to many vicissitudes.
Corn Showed decided weakness early
on liouidatlns pressure inspired by the
Kansas state report, showing 63.300.000
bushels on farms April 16. compared with
10.800,000 last year. Longs were also ais
nnnointed at the failure of the export de
mand to continue and opinion was freely
expressed that additional foreign buying
is unlikely, due o the reports of American
corn arriving on the other side out ol
condition. This factor, however, was en
tirely without influence in the local spDt
market, where prices were firm at a better
premium over futures. Shipping sales for
domestic account were the largest in a
long time, aggregating 150,000 bushels.
Leading futures ranged as follows:
Country offerings to arrive very light.
This article is a domestic proposition and
we consider conditions are Improving suf
ficiently to warrant price enhancement.
Oats Liquidation In May was the out
standing feature, giving the market a
weak tone. There was good buying on th
breaks and the close was relatively Btrong.
Cash prices were c lower, but the trad
ing basis was without - important change.
Shipping demand wa active, sales totaling
170.000 bushels for domestic account,
Country offerings to arrive light.
Rve The most conspicuous trading In
this grain was In the nature of buying by
export Interests apparently against foreign
sales. There were no fresh receipts and the
spot market was nominal. New York re
ported 50,000 bushels worueo ior expon.
but it was generally conceded that s
larger business was done.
WHEAT.
Open. High. Low. Close.
S1.21 4 l. 1 ai.-i
1.05 1.03 1-05
CORN".
.58 .56 .57
.61 .60 .60
OATS.
.36 .35 .35
.37 .57 .37
MESS PORK.
.13.30 - 15.30
.15.90 , 15.90 ,
LARD. J
. 9 57 9.57 - 9.40 9.47
. 9.97 9.97 9.82 9.90
SHORT RIBS.
. 9.15 9.40 9.13 8.50
. 9.55 9.55 9 47 9.52
fuah ericas were:
Wheat No. 2 hard, S1.39H; No. 2,mlxed
61.31
.May
July
May
July
May
July
May
July
May
July
May
July
.81.25
. 1.04
.58
.64
.36
.37
'durum, 61.2891.32; No. 2, 61.210
1.2S; No. 3, 61-20 1.23.
Barley (5 6 62c.
Flax No. 1. 81.50 Gl.sm.
Futures Wheat May, $1.19; July,
11-12.
Winnipeg Grain Market.
WINNIPEG. April 28. Cash wheat "o.
1 nor., $1.77; No. 2, $1.70; No. 3,
61.63; No. 4, $1.50; track. $1.67.
Oats No. 2 white, 43c; No. 3, 38c. Rye
No. 2, 61-47. Barley No. S, 76; No. 4,
66.
Futures Wheat May, 11.57; July.
1.60.
Grain at San Francisco.
SAN FRANCISCO. April 28. Grain
Wheat, milling, ll.002; feed, 61.8001.90;
barley, feed, 61.071.13: shipping, 11.20
tfl.40; oats, red feed, 11.4501.55; corn,
white Egyptian, 12.803.25; red milo, 12.7S
02.80; rye, nominal.
Hay Wheat. 1211021; tame oats, 1170
19; wild oats. 112013; barley. 112015; al
falfa. 117 0 20; stock, 110014.
Seattle Grain Market.
SEATTLE, April 28. Wheat, hard
white, soft white and white club, 6L25;
hard red winter, soft red winter and
nortnern spring, ai.-a; easvem ieu
61.22; big bend bluestem, 11.30.
City delivery Feed Scratch feed, 148
per ton: baby scratch feed, 171; feed
wheat, 648; all grain chop, 112; oats, 13U;
rolled oats, 641; sprouting oats, 144:
whole barley, $37; rolled barley, 134;
clipped barley, 144: milled feed, 130; bran,
30: whole corn, $38; cracked oorn, 140,
Hay Alfalfa, 124 ton; double com
pressed alfalia, 630; ditto timothy, $38;
eastern Washington mixed, 152; straw,
624; Puget Sound alfalia, 130.
Naval Stores.
SAVANNAH. Ga., April 28 Turpentine
firm, 38 059c; sales, 9!; receipts, 322;
shipments, 748; stock, 6222 barrels.
Rosin Sales. 54: receipts, 826; ship
ments, 3433; stock, 73.262 barrels.
Quote B, 13.63; D. 13.88; E. $3.90;
F, $3.9504; G, 1404.50; H, I, 64.10: K,
$4.2504.30; M. $4.40; N, 14.50&4.75; WG,
15.25; WW, 65-50.
Dried Fruit at New York.
NEW YORK, April 28. Evaporated ap
ples, quiet and firm. Prunes, firm,
leaches, steady.
HOOD CANCELS FESTIVAL
Strawberry Growers Fear Loss of
Transient Laborers.
HOOD RIVER, Or., April 28. (Spe
cial.) Because it was feared that the
proposed strawberry festival planned
here for June might interfere with
harvest help of the upper valley,
where picking would be at its height,
plans for the valley event have been
canceled. C. A. Bell, appointed by the
Commercial club to investigate senti
ment on the proposed festival, de
clared this phase of the event created
alarm among upper valley folk, who
expressed a fear that their transient
help, attracted to the city by amuse
ments, might not return to the berry
fields.
Hood River, however, will extend
an ' invitation to the world to visit
the berry f'elds during the approxi
mate six weeks of berry harvest
which will begin the latter part of
May.
And a bond that is eligible to
secure State and County De
posits. Legal investment for
Oregon Savings Banks.
INCOME TAX EXEMPT
CITY OF
Bandqn, Oregon
General Obligation 6 Gold Bonds
Den. 1500. Dated May 1, 1921. Due 1926-41.
Price to Yield 6.23
These bonds are to provide funds for the installation of a hydro
electric plant and are the direct obligation of the entire city whose
net bonded debt is only $40,300.
Three strong municipals
for diversified investment.
Pendleton, Oregon, 6 Imp. Bonds.
Greybull, Wyo., Imp. 7s
Tillamook, Oregon, 6s
Yield 6
..Y'iclo 1r,'o
..Yield G'v
LUMBEKMEN5
TRUST COMPANY
BROADWAY AND OAK
r
i Republic
I of Chile I
20-yr. sinking fund 8's
at
99
U S Cv 4s co.'lftt-Tk P T 4 T Bs...
Pan 3s reg....77 jPenn Con 4V-s
Pan lis co ....'77 So P ev 6a. .
A T 4 T cv Cs.inuslso Ry 3s
A (rhen gen 4s. 7'iL'n P 4s
D & R con 4s.. (14 U S Steel us..
. 88
. 73?4
. 64 !i
. S)
. 8-1 Vj
.'9
. S3 VI
. 71)
. V3
Bid.
Liberty Bond Quotations.
NKW YORK, April as. Liberty bond
quotations closed as follows:
Liberty 3Vts ...88.3() do Sd Hs 00 3
do 1st 4s ...K7.0 do 4th 4is. . .H7.1L'
do I'd 4s ...KB. 70 vietory ss..
do 1st 4 s. ,S7. 2S Victory 4s
do 3d 4V.S... .87.041
Omaha Livestock Market.
OMAHA. April 28. Hoirs 14.000: ac
tive. 15 3Sc hiKher: bulk. 180 to 1140 lbs..
butchers, 7.808.15; top. $8.25: bulk
butchers. 250 lbs. and over, S7.407.7:
packing grades, $76'7.25.
Cattle 5000: beer steers slow, uneven:
best yearlings and handy weights steady to
strong; others dull: early top yearlings.
$8: she stock steady to 25c lower: bulls
ind veals steady; stockers and feeders
dull.
Sheep 4500; slow, steady; no choice
light wooled lamba sold; early top clipped
iambs, )U.dj.
Seattle livestock Market.
SB ATTL.B, April 28. Hogs Steady, no
.7!o4 1 receipts; prime Ji).5010: smooth heavies.
07.001 li-anffs. rougn neavies, st.ouud.ou; pigs,
iiovti.no.
Cattle None; quotations unchanged.
tJlOTATIONS ON DA1RT rRODCCK
Market Trices Ruling en Butter, Cheese
and Kggs.
SAN FRANCISCO. April 28 Butter
Extras. 31 c: prime firsts, nominal.
Kggs Kresh extras, S7o; extra firsts,
2SVko; firsts, nominal; dirtiest 23c; extra
pullets. 21c; undersized. 17c.
Cheese Flats, fancy, 15c; firsts, nom
inal; Toung Americaa. 16u; firsts, nom
inal. "
CHICAGO. April 28. Butter Lower!
creamery extras, 35c; . standards not
quoted.
Eggs Lower; receipts. 22.407 cases:
firsts, 21Vs22c; ordinary firsts. lgtilHc:
at mark, vases included. I'OQ'lc.
Poultry, alive, unchanged.
NEW TORK. April 28. ButterStead
ier; creamery higher than extras. 3Hia
30c: creamery extras, SHc; firsts, 34(j37i.c.
Eggs Weak; frfsli gathered extra firsts,
27sf281sc; firsts, 2J$j'27c
SKATTLB. April 28. Wholesale prices
to ueaiers:
Kggs belcct local ranch, white shells.
27y28c; do. mixed colors, I'JdrJUc; pullets
Butter City creamery cubes. 37c: bricks
or prints. 8ac; country creamery, extra.
cost to Jobbers, in cubes. 34c
Uuluth Linseed Market.
DL'I.L'TH, April 28. Linseed on track.
J1.03'(f l.."5; arrive, 11.54.
Cotton Market.
NEW TORK, April 28. Cotton Spot.
quiet, middling, li.3ue.
Mining Stocks at Boston.
Allouei 22 INorth Butte ... 11 14
Cal. Ariz.... 514Old Dominion.. 21 &
Cal. & Hec.,.,257 lOsceola SO
Centennial .... SVQulncy 39
Copper Range. 35 I Superior 4
East Butte.... m Sup. & Bos. ... 1
Franklin 2 Vi Shannon 90
Isle Royalle ... 21i;l'iah Con S',4
im copper .. ztiwtnona 43
Mohawk 50"4iWolverlne 12
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh f ruits.
Etc., at Bay City.
SAN FRANCISCO, April 28. Vegetables
Asparagus, 410o; potatoes, old, nomi
nal: new, 3&4c:; garnets, o'&Gc; sweets.
Nancy Hall, to.00W6.00: onions. Austra
lian brown, 40'i)5lc; green; Sl.sOWl.Td;
celery. $1.2563.00 crate; garlic, 6080;
cabbage, lc pound; bell peppers. 25 30c
Swift Co. stocks.
Closing prices for Swift A Co. stocks at I turnips. 60c 4 J 1.01) sack; beets. H.OUU l.50
Chicago were reported by the Overbeck Sl parsnips, t-.OOfci. 25 sack; carrots, 75c
Cooke company of-Portland as follows:
Swift & Co 100W
l.lboy, McNeH Libby 10 vj
National Leather 8
Swift International. 20ft
Money, Silver. Etc.
NEW TORK April 28. Prim mercan
tile paper. 7(j7c.
Time loans steady; 80 days, 90 days and
six monms, ivnii per cent.
- Call money firmer; high, offered at last
loan. T; low, 6; ruling rat and closing
01a 0:4.
Bar. silver Domestic,. 9914c; foreign,
SO Sc.
Mexican dollars, 49 o. ,
LONDON, April 28. Bar silver. S44c
per oum-e. Money. 4 per cent. Discount
rates, snort 0111s, 0 per cent.
Foreign Exchange.
Foreign exchange rates st elosa of busi
ness yesterdsy, furnished by Northwestern
National Bank of Portland. Th amount
quoted is the equivalent of the foreign
unit in unitea oiaies lunas;
Austria, kronen ............
Belgium, franca ,
Bulgaria, leva
Cxecho-Slovakia, kronen ....
Menmark. kroner
Bngland. pound sterling ....
Finland, finmark
tl.00 sack; peas, SfrlOc; rhuhard, Al
meda. $1.25j2.00: San Jose. t2.00: lettuce,
tl.2Sl.0: artichokes, f 5.00 fir 10.00 crate;
spinach, 23sc pound; string beans, 15
30c; egg plant. 20c.
Poultry Hens, 254nc: strictly young
roosters, 42t45c: old. 1821c; fryers. oO'tr
60u: broilers, 33r950c; ducks, 30&35c;
squabs. 50d55e; pigeons t3.00i5t3.5O; Bel
gian hares, 23&25c; Jai-krabbit?. t:ls3.50.
V r u I t oranges, navel, t2.3o95.00:
lemons. $'-'.: 5 & S. 75; grapefruit, 1 1.60TO3.50;
pples. t1-732.75: strawberries, Penin
sula and Watsonville. t2r2.2o crate. 60c
er'tl.OO drawer; Imperial. t2.254T2..'M crate;
bananaa. 9vlc; avocadoes. t34r4.50; rasp
. berries, t3 -per drawer; cherries, $4 per
box.
Receipts Flour. 900 quarters;' wheat,
B080 centals: barley, 1730 centals: oats. 752
centals; beans, 384 sacks; corn, 1)70 sacks
potatoes. 4577 sacks; onions, 1010 sacks;
hay, 100 tons: hides, 40 bundles; lemons,
400 boxes; livestock, 1105 head.
Corn No. 2 mixed,
yellow, 5959V4c
Oats cvo. 2 white,
white, 5301.
Rye Not quoted.
Barley 60fli71e.
Timothy seed ft.aflgft.
Clover seed $13frlS.
Pork Nominal.
Lard !).42.
Ribs ft) 9.75.
5S',i08V4c; No. 2
36 37 Vic; No. 3
to yield - a minimum
of 8.35 up to a
possible 20 to ac
cord with the opera
tion of the sinking
fund. ,
There will be retired annually
$1,200,000 by sinkinsr fund pur
chase or by lot at 110 the first
ten years and 105 the next ten
years.
Call or Phone
rrtmary Receipt.
CHICAGO. April SH. Wheat 648.000
bu. vs. 015,000 bu. Corn 358,000 bu. vs.
280,000 bu. Oats 321,000 bu. vs. 371,000
bu.
Shipments Wheat 763.000 bu. vs. 814,
000 bu. Corn 315,000 bu. vs. 278,000 bu.
Oats 400,000 bu. vs. 321.000 bu.
Minneapolis Grain Market.
MINNEAPOLIS. April 28. Cash wheat
No. 1 dk. nor. tl.3591.4H; No. 2. tl.2W
1.42; No. 3. 11.101.3:: No. 2 nor. tl.23
1.81: No. 3, l. 10 ip 1.25; No. 1 red epg..
$1.2391.31; No. 2. $1.20t.25; No. 3,
tl-17(g1.20: No. 1 dk. hd. Mont., tl-42
144: No. 1 hd. Mont., $1 . 87 Iti 1 .31) : No. 1
.$ .00:12
. .0775
ni;i:
France, francs
Germany, marks
Oreece, drachmas
Holland, guilder ...............
Hungary, kronen
Italy, lire
Jugo-Slavia, kronen
Norway, kroner ................
Portugal, et-f-udos
Houmanla. lei
Serbia, dinars
Spain, peseta ..................
Sweden, kroner .........t
Switzerland, francs '.
China-Hongkong, local currency.
Shanghai. tacU)
Japan, yen
Coffee Future Kaxler.
NEW TORK, April 28. The market for
coffee futures was easier today. Traders
found no special incentive In the Bra
.0!40ziltan cables, but the European news was
1815 I considered less favorable, wnne there was
3.0O25 1 some further May liquidation and. after
.0230 opening two to four points lower, active
.0771 months sold some 12 to 15 points below
.01. TO last night' closing figures In the late
.0620 trading. A good part, of the pressure
.O.llO r.i . rt i. fnmtt fPAtn W . 1 1 .tree) nlln.aa
."w-to I -.., .iinnnwil In wnr.ii.nl ImilH.ilna
.0070
.1570
.00.111
.010!)
.OliDo
July sold off to ft. 98c and September to
6.37c, with the close showing a net de
dine of 12 to 17 points. . May. ft.60o; July
5.07c; September, .37c: October, 6.53c
December, 6. Sue; January, 6'Jic; March,
.1-102 7.17c
:i.1il Spot coffee quiet: Rio 7a 5a O 6c: Santos
1 lo I 4a 84. CtD'c.
-''o Mrtn.1 Market.
NEW TORK. April 28. Copper steady.
NEW TORK. April 28. Rxch.nsre i-J Electrolytic, spot and nearby 12c; May
reauiar; sterling ticmana. 93.9,1; cables,
?3.9o; francs, demand, 7.62; cables,
7.t4; Belgian franca, demand. 7.05;
cable, 7.H7: guitdera. demand. 34.95;
cables. 35.05; lire, damajid, 4.86; cables,
48; marks, demand, l.ul; cables, 1.52:
Greece, demand, 6.05: Argentine, demand,
31.75; Braxilian, demand, 13.50; Mon
treal, 10 per cent discount.
Foreign Bonds.
Foreign bond quotations furnished by
the Overbeck & Csoke company of Port
land: Bid Ask.
Russian 514s, 1021 18 18
Russian 5'4s, 192" 9 10
Russian is, 1919 IT 18 ,
and June -13c
Tin Irregular. Spot and nearby 31.37
31.500; futures, 3l.y53l.75.
Iron Nominally unchanged.
- Lead Firm. - -Spot. 4.5r.
Zinc Steady.' East bt. Louis, spot
4.90 5e.
Antimony Spot 5.23c.
NEW TORK, April 28. The American
Smelting 4k Refining company today ad
vanced the price of lead from 4.35c to
4.50c
New York Sugar Market.
NEW YORK, April 28. Raw sugar $4.89
for centrifugal. Refined, 14.7597 for fine
granulated. ,
Safety
High Yield
We offer the unsold portion of
our own issue to yield 8.
Safety of Principal and cer
tainty of interest guaranteed
by 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 Compan
Exempt as to 2 normal in
come tax. Legal investments
for Savings Banks and Trust
Funds.
Denominations:
$100 $500 $1000
Ask Us for Circular
Southern
Idaho Land &
Power Co.
Portland Office
1212 Gasco Bldg.
We specialize in
Liberty and Victory Bonds
Bee us beforf you buy or sell
e
Stop and Think
How many people have you known who bought
promotion oil, motor and mining stocks as a re
sult of glowing promises made in prospectuses
and glaring advertisements? Have you ever
known any of them to succeed in making the
fortune which is always held out as bait to get
the money?
Think over the history of the men you know
who are independently wealthy. How did they
make their money? In nearly every case you
will find that they made it by investing in sound,
established business enterprises where it was
possible for them to find out all the facts sur
rounding their investments, or that they made
their money in a business which they themselves
developed.
After a thorough investigation among success
ful bankers and business men, you will find that
nobody is going to make you wealthy on pro
motion stocks. The wealthy men of today are
the men who first saved some money and then
invested it where it accumulated more each year.
If you persist in the idea that you can get rich .
quickly by speculating or gambling in promotion
stocks, we cannot help you, but if you want to as
sure yourself of a safe and regular income, we
will gladly talk over your problem with you.
If you cannot call, write or telephone for our
booklet, "The Elementary Principles of Safe In
vestment." In this booklet you will find the dif-
ference between investment and speculation
clearly defined.
BlVth, Witter. &. Co.
Yeon Bldg.. PORTLAND
SEATTLE - SAN fBANCISCO-LOS ANGELES - NEW YORK
llIpP SMITH
CAMP
aeuNO riecf
PWTH nd araaK t0
lait STatO
Federal
Land Bank
Ten Twenty-Year
5 Bonds
Due May 1, 1941
Opt. May 1, 1931
Exempt from Federal, state,
municipal and local taxation.
Price 100 and interest
Yielding 5 ,
The National City
Company
Offices In more than 50 cities.
Yroa Buildlnir. Portland.
Telephone Mala 607-
J
pAREFUL INVESTORS should pur
J 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.
HI
fel 10
ill
Cushion Tires
Versus
Pneumatics
One would hardly think of favor
ing the cushion tire over the
pneumatic tires. It is equally il
logical to favor rigid pavement
over a resilient pavement. Ri
gidity, either in pavement, tires
or springs, adds to the wear and
tear on any car. The ideal type
of resilient pavement and the
most durable, too, is Warrenite
Bitulithic. See Linnton road,
Willbridge, and Claremont now in
its tenth year.
OUT of 231 Life Insur
ance Companies doing
business in the United
States, according to the
American Underwriters'
Pocket Chart for 1920,
The New 'York Life
Insurance Co.
1ia
A hoot 1-7 of he tolal aifl
About 1-8 of the total liabilities
About 1-4 of the total aurplua
About ' 1-11 of the total InMUranee
In tow - - -Paid
overl-10 of all death loamra
Paid over 11 of all divldenria, and
At only 1-14 of the total eipenae
lb Ik la Why People Prefer to Carry
Their InKurancr in the AKW
VUKK lih:.
J. W. DA V.
$29,000
Kelso.Wash.
7 IMPROVEMENT BOM1S
Dated
Feb. 1. 1831
Due
Feb.. 1, 1033
Estimated maturities 1323 to
1931.
Prle Par and Jcf
Interent to Yield lO
Western Bond &
Mortgage Co.
Mala 113 0 Fourth St.
Board of Trade Building
(round Floor,
TEXT BOOK
OF
WALL STREET
A 40-page book (copyrighted)
discussing clearly and unmis
takably rules governing stock
market transactions:
Method of Trading;.
( onirulxalon Halm.
How to Open an Arronnt.
Aunrmentlng Onea Income.
Drponlt llrqulr.menta for
Carrying- Movka on Ac
count. Dictionary ot Wall Street.
HlMtory of the rw York,
htoek l:chnnRC.
HlMtory of the .rw York
Curb Market.
Fore I en F.xrhanKe,
And many other aithiccta of
Interest to Inventor and
Mock trader.
Copy free upon rrqurat.
McCalI&RHeyCo.,Inc.
20 Broad Street New York
HERRIN & RHODES, Inc.
(ICatabtlahrd 1NIMI)
BROKERS
MEMBERS CHICAGO BOARD OF
'lll.tllb.
rorreNpondent. K. nPTTOX
CO. Member New York Mock Ki.
change. Private Leaed Wlrea
Direct to All Security and Com
modity Market.
LIBERTY AND VICTORY BONDS
BOUGHT AMD SOLD
MAIM 2K3 and 24
201-5 RAILWAY LXtU, BLDG,
Phone your want ads to The Ore
gonian. Main 7070, Automatic biO-ii.