Morning Oregonian. (Portland, Or.) 1861-1937, May 05, 1921, Image 21

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Morning Oregonian., May 05, 1921, Page 21, Image 21

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Newspaper Page TextTHE 3I0KXIXG OBEGOXIAX, TIIURSDAT, 3IAT. 5, 1921 21 FLOUR Hi RECENT WHEAT R SE terdaj. Th new quotations are 17.75 fol cane granulated and $7.65 for beet sugar. NEW TORK. May 4. Raw sugar, 4.77c tor centrifugal. Refined, 0.30c for fin granulated. ... . , Family Patents Advance 40 Cents, Bakers' 50 Cents. - MARKET ON BASIS OF $8.60 Wheat Values React With Eastern Change and Bujrers Send Lower Offers Into Country. Flour prices have been advanced be cause of the recent sharp gains in wheat values, although the wheat market acted yesterday. Patent flour was raised 40 cents to the basis of 18 tW for the best family grades, bakers are op 50 cents to $7.25 7.73 and valley floura were lifted 75 cents. With the seversal in the Chicago wheat market, bids sent into the country were reduced 5 cents from those prevailing at the opening of the week. There was not much selling by farmers when prices were going up and the trade looks for a freer movement now that the market has started the other way. At the Merchants' Bxchange session wheat bids were 2 to S cents lower than Tuesday. . Coarse grain offers were unchanged. t San Francisco receipts from Oregon during April: Flour, 61,608 sacks; wheat. 2400 centals: bran, 600 sacks. From Washington: Wheat, 1000 centals: flour. 195,105 quarter sacks; shorts, 4ft45 sacks; middlings, 2500 sacks; feed. 23.270 sacks; bran. 1030 sacks; millrun, 9025 sacks. The statistical bulletin for March just issued by the International Institute of Agriculture announces a - moderate in crease in the area sown with winter wheat, as compared with last year, in Belgium, Bulgaria. Spain. France, Fin land. Great Britain. Norway, Roumania and North Africa, while in Poland and the United States a slight decrease is indi cated. Rye was sown on a full area, ex cepting in Spain and the United States. The prospects of both cereals may be con sidered as favorable in all the countries already mentioned. While the outlook In Hungary is very good and In Italy It is an average. The most recent advices from India report the area under wheat as 85 per cent of that of last season, and pros pects below an average. , Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Portland Wheat. Bar. Flour. Oats. Hay. Wednesday.. 11 PORTLAND MARKET QUOTATIONS Grain, Floor and Feed. Merchants' Exchange, noon session. May. June. 11.30 l.:s0 1.27 1.27 1.27 1.27 1.25 1.23 1.25 1.23 1.23 1.23 Wheat ' Hard wait. ... Soft white ..... White club .... "Hard winter . . Xnrthern spring Red Wai:a Oats No. 2 "Jhlje feed 29.00 20 00 Xo. 2 gray 2S.00 28.00 Barley Brewing 24.00 24.00 Standard feed 22.00 22.00 MMlrun - 24.7.5 25.00 Corn No. 2 E. T. shipment 31.00 31.00 No. 3 E. y. shipment 30.00 80.00 FLOUR Family patents', J8.80 per bar rel; who e wheat 17; graham (0.80; bakers' hard wheat, S7.75; bakers' biuestem pat ents. 17.25: vailev bakers. Sd.75: straJfibls. SU.50. M1LLFEED Prices f. o. b. mill: Mill- run. 128 per ton: rolled barley. I3638; rolled oats, 38; scratch feed, $49 per ton. CORN Whole, 38; cracked. Ml per ton, HA if Buying prices I. o. b. Portland: Alfalfa. 118.50 per ton: cheat. 122923 per ton; clover, 116; valley timothy. 124025; eastern Oregon timothy, $28. Dairy and Country Produce. BUTTER Cubes, extras, 23c lb.: prints. parchment wrapped In box lots. 30u; cartons, 31c Butterfat. buying price: A grade, 25c; B grade, 23c, Portland delivery. CHis Buying prices, case count, lilf :&c delivered. Jobbing prices to- retailers: Candled ranch, 2223c; selects, 24 25c CHEESE Tillamook triplets, price to Jobbers f. o. b. Tillamook, 19c; Young Americas. 20c pound. POULTRY Hens, 1724c pound; ducks. nominal: geese, nominal: turkeys, nom inal. PORK Fancy, 14$15c per pound. . VEAL, Fancy. 13c per pound. STEEL CLOSES AT GAIN BEST P1JICES OF TEAR DESPITE CUT IS' WAGES." Stock Market 'Largely Influenced Dy Bull Pool Operations. Active Dealings, In Kails. Fruits and Vegetable. FRUITS Navel oranges, -US 5.75 per box; lemons, 13.7595; grapefruit, S3.Z59 50 per box: bananas, lufollc pound: ap ples, 1.20 4 3 box; strawberries, J3.50&4 per crate. VEGETABLES Cabbage. 3te pound: ettuce. 13.754.25 per crate; carrots, $1.50 per sack; garlic, IS 20c per pound; beets. 1.50 per sack: green peppers, 30fi50c per pound; rhubarb, 4&5c per pound; splnach. sc per pound; turnips, sj-ou'iyz per sack; tomatoes, $5.50 per lug; cucumbers, $1.753 per dozen; peas, 1517c per pound; asparagus, $2.50 per dozen. POTATOES Oregon, tl.251.6u per 100 pounds; Yakima, $1.752; new California, 9ir 11c per pound; sweet potatoes. $3.75 per crate. ONIONS Oregon. 75cSJ1.25 per sack. Tear ago 9 Season to date lfl.293 Tear ago 7,905 Tacoma Tuesday 7 Tear ago 19 Season to date 4.308 Year ago 6.643 Seattle Tuesday 3 ... Yev Hzt-. . . . 18 ... Season to date 4.390 211 Year ago 5.923 243 246 174 M S3 5 R SIS 3692 1)24 3056 2 R 4 "2 1071 1 6 R17 448 162 175 11 20S2 90 813 427 643 4 1339 1167 YtTXTEK WHEAT MAKES GOOD START Seeding ot Spring Grain Retarded by Wet Weather. , Crop conditions in Oregon for the week are reported by the weather bureau as follows: Good growing weather prevailed In the southwestern counties; elsewhere It was lather too - cool, with deficient sunshine. Precipitation occurred frequently in north western counties and in some eastern lo calities and at the close tot 'the week general rains occurred over tne western half of the state. Some snow fell In the mountains. Freezing weather occurred In eastern and central counties on April 30. Farming operations made good progress except in northwestern counties, where they were delayed by rain. Irrigation has been In progress in eastern counties for acme time. Winter wheat Is doing well. Seeding of spring wheat, oats and barley continues, but was somewhat retarded In northwest ern counties by wet weather. Early sown spring grain is making a good start. Little corn has been planted, but early sweet corn is coming up in Douglas county. Considerable damage to peaches, apricots, prunes and apples in southeastern counties resulted, from .the frosts of the last two weeks. In Marion county loganberries are fbund to have suffered some winter-killing. Prunes are dropping rather heavily In western counties. The calyx spray is being applied to apples. The weather has been unfavorable for pollination of late fruits In northwestern counties. Aphlds are caus ing some damage to prunes. Grass is making good to excellent growth, though in some eastern countiel there is complaint of Insufficient moisture. Alfalfa Is doing well In southern counties but elsewhere seeds warmer weather. I v Staple Groceries. Local Jobbing quotations: jt SUGAlt (sack basin Cane granulated, e per pound; beet; 7.65c per pound. NUTS Walnuts. 10SS9O pound: Brazil nuts, 30c ; .filberts, 12c; almonds. 24 0oc; peanuts, 8$llc per pound; cocoanutit $L75 per aosen. RICE Blue Rose, 6b per pound; Japan style. 4o per poun BEANS Small wbtt. 4c; pink. 7c; lima. Mr: red Ho nar fiound. COFFE" Roasted, bulk, lu drums, 149 36 Ho per pound. SALT Granulated. bale, ' $3.4004.23; ball around,- ton, 50a, flV.io; luus, $ijw lump rock. 126.50. DRIED FRUITS Italian prunes. 6Ho pound;, dates, $4,256 6.85 per box: figs, $2 a.ze per pox, Provisions. BAMS All sizes, 80 37c: skinned, 269 80c; picnic, 17j)19o; cottage roll, 30o. BACON Fancy, 43 4; 03c; cnolca, 809 85c ; standard, 262&a LARD Pure, tierces, 17o pound; com pound, tierces, 12c. DRY BALI Backs, 22 g 25c; plates, 18a. Hides, Hops. Etc TALLOW No. 1, 8nac; No. 2, 2 HO So per pound. CAtSCAKA BARK 1920 peel. Tc pound; 1921 peel,' 6c pound, delivered Portland. HOPS 1920 crop, best, 20o per pound. HIDES Salted country hides, 4o deliv ered Portland; grubby hides, 3c; city calf skins, 10c; country calf skins. 80; good kip. 6c; grubby kip, 4c. ilUHAlH .ew cup. is-tf-00 per pounu GRA1N BAGS Car lots, 70. coast. Oils. LINSEED OIL Raw. In barrels. 89e: five-gallon cans, $1.04. Boiled, In barrels, 91; five-gallon cans, $1.06. TURPENTINE in drums, sue: Iive-gai. Ion cans, $1.04. COAL OIL Tank wagons and iron bar rels, 17ttc; cases. 30937c. uasouins; Tank wagons ana iron bar rels. SOc; cases. 42 He SAN FRANCISCO PRODUCE MARKET NEW YORK, May 4 The trend of today's stock market was somewhat dis appointing to those who expected deal ings would be governed by the 20 per cent wage reduction announced by the United States Steel corporation yesterday. Steels and kindred issues were quite active and firm to strong at tne outset, but yielded in prominence and strength later to other stocks which derived . their chief support from .profeaeional- sources. The steel wage cut was popularly re garded as a constructive measure. Its significance,, it was argued, however, would have carried greater weight if attended by a downward revision of prices. United States Steel common scored an early advance of nearly one point, most of which was cancelled at midday. It made a new high quotation in the final hour on short covering and closed at a gain ot U points at 85 H. the top price of the year to date. Independent steels and some rubber specialties and shippings were conspicuous at gains of one to four nnlnts. There were active dealings In rails especially the. lower priced or reorganised properties, at advances of one to three points, but Investment rails mads less up ward progress. Sales were 800.000 shares. Call money opened and heH at 6H per cent, but loaned freely at o per cent 10 the outside market. ' British, French and most other ex changes eased, Dutch and Italian rates proving among the few exceptions. The bond market was mixed, some rails and foreign flotations strengthening, while other issues. Including the liberty groups, were lrregvflar. Total sales, par value, $11,375,000. . CLOSING STOCK QUOTATIONS. ... Last Sale. 39 81 the Overb eck & Cooks company of ForV lanar - ' ' Bid. Russian Ss. lfil 15 . Russian 5Hs, 1926 7 . Russian Hs. 1919 16 French 6s, 1931 634 French 4s, 1917 4SH French 6s, 1920 72 H Italian 6s,'l918 37ft British 5s, 1922 303 British 5s. 1927 383 British os. 1929 384 British vky 4s,. 305 British ref 4s 276 Belgium rest 5s 04 . Belgium prem 5s...-. 69 German W. L. 5s llii Berlin 4s i 12, Hamburr 4s 14 ITamburgs 4Hs 14 "A Lelpsig 4Hs 134 Leipsis 5s 14H Munich 4S 184 Munich 5s 15H Frankfort 4s 63H Jap 4s 6 Jap 1st 4Hs .. r: ... . 83 Jap 2d 4H8 - 8:l4 Paris 6s .. rT 98 U K 5Hs. 1921 1.... Wtf U JC 5Hs, 1922 '. 96 U K 5Hs.' 1929 89H U K 5Js. 1937 S5Hj Foreign Exchange. Foreign exchange rates at close at busi ness yesterday, furnished by Northwestern National bank of Portland. The amount quoted Is the equivalent of the foreija unit In United States funds: Country Unit. Rate. Austria, kronen S .0033 Belgium, francs .0S02 Bulgaria, leva .- .0l:W Czecho-Slovakla, kronen 01 4u Ask. J7 - 9 18 64 V4 49 H 83 Vi 38 li 495 S5 396 317 288 67 72 12 12'., 15 13 15 1't 144 17i 64 67 Si 8-1 98 'i 99 90 Sales. 600 3.300 1,600 2.800 9.200 2.60 1.400 2,2IO 1.900 2.400 5.800 1.SO0 2.10O 2.106 6.900 7K) 8.SOO 300 300 2.100 High, sov, 32 5, 12H 50 62 ' 91 - 4.1 u, 72 , 108 80H 41 v, 83 43 91 39 Si 63 15 ' 46 113!4 40 84 63 27 6414 30 LOW. 39 31 128 H 50 h 51 90 42 89 Prices Current on Vegetables, Fresh Fruits, Etc, at Day City. h'iv PB-nsm. Mav 4. Vegetables, i..tii.iii iSvWc: notatoes. old. 81ie, nominal; new, white, 34c; garnet, 4J 4Hc; sweets, Nancy Hall, 5(&oc; onions. Australian brown. u&oc; green, ei.wu. 1 7.-1 : clerv. SI to 2.50 crate; garlic, 6&8C ni.,c,o.o t, lh-. hnll oenDers. 15300: tur nips, 80c(&$l; beets, $ll1.50; parsnips, tl fi-2. 23; carrots, acw?i; peas, barb. 1.401.75; lettuce, $1.502.50; iced, $2.252.5U; artichokes, nominal; apinacn, 4i6.5o: str b beans. 12jii'.ic; wax, it 17c; Kentucky Wonders, 2225c; egg nlnnL 15fi25c. Pftu trv Hens, nwivc airitciy yuuiis roosters, 4245c; old, 1821c: fryers, 50 ftfluc: broilers. &3Uauc: oucks, oiVo-c. amiah fill If 55c: Dleeons. $33.50; Belgian hares, mtpxac; jacKraoDiis, oiy'o.ov. Fruit oranges, navel, .a v i ; appies, 1251.75; strawberries, 85ioc drawer $1,5012 crate; bananas, 8H,J10c; avoca dn liiSS: rasDbecries. $3 drawer; cher riea, $2to4 drawer: 2o25c pound; lem ons, sz.::oCF.l- lo; grape irun, fi.,vw. Shearing of sheep and goats Is becoming I at.rlr.nt.i. 17fi7.50 Der crate. more generaL Lambing continues under I Receipts Flour, 1511 quarters; wheat, favorable conditions. All stock is dolngiiooo centals; barley , 4108 centals: beans .. T1300 sacks; potatoes. 2304 sacks; hay, 110 ' ... , , , ,, tons; hides, 147 bundles: lemons and or- Rar V nntaOi.B r rrnv nr falrlv wall. I ' V ' Early potatoes are growing fairly well Planting of late varieties is well under way In the warmer districts. Gardens are somewhat backward. STORING OF EGGS NEARLY. OVER - Close Cleanup of Old Butter In Prepara tion for Near Season- Storage holdings of eggs at Portland In creased only 2452 cases last week. Stocks ot old butter have been sharply reduced for the opening of the new season. Hold ings at Portland and Seattle compare as follows: At Portland This Week. Butter, lbs.. ,...10.611 Cheese, lbs 31,839 Eggs, cases 39.136 Poultry, lbs..... 70,010 At Seattle Butter, lbs 43.8r.8 Cheese, lbs.... 20.408 Kvgs, cases.... 28.2t',3 Poultry, lbs.... 1 29.808 New Schedule for Perishables. -.A nev schedule for perishable shipments from the northwest has been made effect ive by the Union Pacific railway. , This schedule is the result of active work on the part of Secretary Robert Cummlng of the American Fruit and Vegetable Shippers' as. sociatton, who has had this question up with the carriers for some time. It will Insure early eighth morning delivery from loading stations In the northwest served by the Union Pacific to Chicago, which is one day better than the schedule in effect last season. Last Last Week. Tear. 12.04 0 6.298 29.517 75.969 - 86.684 ' 23.150 73.550 113.674 7.847 820 24.973 2S.493 24.103 14.S88 130.136 104.225 anges. 400 boxes; livestock, oO head. QUOTATION'S ON DAIRY PRODUCE Market Prices Ruling on Butter, Cheese and Eggs. SAN FRANCISCO. May 4. Butter Ex tras, 83c; prime firsts, nominal. Kffs Fresh extras. 25c J extra firsts, Uc: firsts, nominal; dirties. No. 1, 22Hc: extra pullets, 21c; undersized pul lets. 18c. rtheesB Flats, fancy. 13c; firsts, nom Inal: Young America, fancy, 17H,c; firsts. nominal. ' London Wool Advances Hold. LONDON, May 4. Offerings at the wool auction sales today omaunted to 10,197 balea Competition was good and the re cent advances were maintained. Cross breds were often 5 per cent dearer. Con tinental buyers were active and with drawals were small. Strawberry Sales Drag. The weather yesterday was against the strawberry - trade and the moderate re ceipts did not entirely clean up. Florins were quoted at $3.5094. The first shipment of summer squash arrived from California and sold at $2.50 a box- Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clesrings. Balances. Portland .$4.602.t.3 $747,130 (Seattle 4,573.764 883,253 Tacoma 616.012 r.7,147 Spokane 8.008,588 940,359 Sugar Is Quarter Lower. A decline of 25 cents a hundred In refined sugar was announced by wholesalers yes. CHtCAGO. May 4. Butter Higher. Creamery, extras. 82c; standards, 81i,e. Km Hither. Receipts. 22,248 easel; firsts. 22fii22Hc: ordinary firsts. 1819c; at mark, cases Included, 20 21 ft c; stand ards, 22c. KW YORK. May 4. Butter Easier. Creamery higher than extras. 3838V4c; creamery extras. 37Hc; firsts, 3487c. EgKS- Easier. J? resn gainereo. extra firsts. 242flVic Cheese Unsettled; state whole milk flats, short held, specials. 2021c; state whole milk flats, fresh specials, 1718c SEATTLE, May 4. Wholesale prices to dealers: 1 Eggs Select local rancn, wnue snens, 256 20c: do mixed, colors, 23W-4C; pul lets, 1921c. Butter City creamery, cubes, zoc; di-icks or prints, 80c; country creamery extras, cost to jobbers, in cubes, 25o. Coffee Futures Irregular. NEW YORK. May 4 Owing to the holiday there were no official cables from Brazilian markets and trading in coffee futures here was restricted today with fluctuations irregular. After opening one point lower, active months sold eight to 13 points net higher, with September advancing . from 6.45 to 6.53 cents -on covering. ' Moat improvement was lost, however, with the market closing net un changed to five points higher. May, 5.76; July. 8.06; September, 6.46; October, 6.62; December. 6.95; January, 7.05; March, 7.25. The local spot market was quiet and unchanged at S to 6 cents for Rio 7s, and 8 to 9H cents for Santos 4s, Naval Stores. SAVANNAH. Ga.. May 4. Turpentine, firm, 67c: sales, 406: receipts, 283; ship ments, 581: stock 5538. Rosin, firm: sales 161: receipts, 872; shipments. 1743: stock. 71,763. Quote: B $3.78; D, $3.90; E, $4.20; F, $4.30; G. $4.40; H. $4.50: I, $4.6$: K, 4.65; M N, $5.00; WG. $5.30; WW $6.00. Dnlnth Linseed Market. . Dt'T.UTH, May 4. Linseed on track and t? arrive, $1.67 Cotton Market. NEW YORK. May 4. Spot cotton, quiet. Middling, 12.75c. . - ' Dried Fruit at New York. NEW YORK. May i. Dried fruits, steady I and unchanged. , Am Beet Sug American Can Am Cr st Fdy A H L, prd Am Inter Corp Amerlcn Loco Am Sm & Rfg Amercn Sugar Am Sum Tob Am Tel & Tel Amern Woolen Anaconda Cop Atchison At. GUf ft W I 37.70O Baldwin Loco.-ll.000 Baltl & Ohio 20.2OO Beth StI "B" 13.000 Bt & Sun CoD 1O0 Calif Petrolem 1.100 Canad Pacific 1.700 Centrl Leather 4,o00 Chand Motors 8.000 Chesp ft Ohio Chi. M ft St P Chicg ft N W Chi. R I ft P Chino Copper. Colo Fl ft Irn orn Products Crucible steel. 13.4UU Cuba Cne Sug 2.60O Erie 5.700 Genrl Electric 100 Generl Motors 5.10O Gt North, pfd 4,200 , Illinois Centrl 7J0 ' Insprn Copper' 1.4O0 It Me Ma. pfd 1.400 Internl Nickel 1.000 , Interntl Paper 4.000 K C Southern 4.300 Kenne' Copper 2.800 Louis ft Nash 100 Mexi Petrolem 23.4O0 Miami Copper 900 Mid States Oil MUKale Steel. Missouri Pacif Nevada Cop-pr N T- Central. N Y. N H ft H Norfk ft West Northn Paclflo Pan-Am Petri Pennsylvania. . Pitts ft W Va Ray Con Cop Reading Rep Irn ft Stl Rvl Dtch. N Y Shat Arts Cop Shell Tr ft Td Sin Oil ft Rfg 10.4OO Southn Pacific 11.000 South Railway S.ftOO S O. N J, pfd 200 Studehkr Corn 16.200 T,T o. . . o.OOfl - 41 Texas ft Pacir 2.1 on zs Tobc Products 8.31o Transcond Oil 2.f00 Union Paclflo. 2.200 1 S M Prdts a. low U S Ind Ale 7.1O0 U S Rtl Stores B.600 U S Rubber.. 10.300 TJ S Steel 51,500 U S Steel, pfd 100 Utah Copper.. 1.900 Westg Electric 300 Willvs - Over 9.300 Gran-hy Cons . .... Greene Can... ..... .... .... BONDS. U S 2s rer 99IN Y O deb 6s do 2s coup. . .(I9 Nor Pac 4s .., do 4s reg...104 do 3s do cv 4s cp.104lPac TAT 6s Panama 3s reg.'77 Penn cn 414s., do 3s, cp....77 IS P cv 5s .... A T ft T cv 6s.ino!So Ry 5s Ateh gen 4s ....77 lUnlon Pac 4s , D ft R consol 4s.64U S Steel 6s ., Bid. Liberty Bond Quotations. NEw'yoRK. May 4. Liberty bond quo tations closed as follows: ..$S8.76!3d 4Hs .... .. 87.50i4th 4"4s ..87.2!VIctory 8s .. 87.661 do 4 54s... .. 87.301 8.900 4.300 S.000 l.SOO S.300 IS. 100 700 T.8O0 2.90 3.700 2.3O0 700 9.SOO 8.900 4,100 100 1.300 31 75 85 201, 14 137 14 72 92 86 66 ij 16 65 . 27 21 08 10 23 14 30 19 12 7014 17 96 75 70 Sf 29 14 70 B 6S 6 47 . 27 . 7-611 22 108 89 54 12 117 23 73 55 78 RS 109 56 48 10 107 79 41 82 41 90 37 61 I 15 46 112 3S 8 261, 64 29 25 31 75 83 19 13 137 14 70 91 36 5u 161? ! 26 21 98 146 23 14 29 18 11 eo 16 9.1 73 69 JM 2S 14 74 5 68 6 6 26 75 21 10S 88 40 21 52 11 117 72 M T6 84 109 64 48 10 128 50 61 WO 14 . 43 I 90 72 107 80 41 83 42 91 39 62 1 j 46 11 39 83 63 27 64 o 25 31 75 84 20 14 137 14 72 , 86 OO 16 64 27 21 98 143 23 14 20 19 11 70 17 96 75 9 20 14 75 HR es Denmark, kroner 1823 England, pound sterling... 3.992S Finland, flnmark , 0J.10 France, francs .0803 Germany, marks ".01 ."9 Greece, drachmas 001." Holland, guilders 7 .35(8 Hungary, kronen .0O53 Italy, lire 0400 Jugo-Slavia, kronen 0077 Norway, kroner 1555 Portugal, escudos ooso Roumania. lei .0172 Serbia, dlnara .0300 Spain, pesetas .1410 Sweden, kroner .2360 Switzerland, francs : Ji". China Hongkong, local currency.. .5150 Phanahal. taels 6750 Japan, yen 4875 NEW YORK, May 4. Exchange Irreg-n lar. Sterling. demand $3.97. cables July $3.97; francs, demand 7.93, cables 7.95; I Sept. Belgian francs, demand 7.93, cables 7.95; f T . . ,lMHa-B -manrf 51(1 ..hi.. 3. 30 111.. I"UI' 1.51 cables 1.52: Greece demand 6: Ar- rnnOnft riffmjinri SI 25. Ftrazilijin. demand I May 13.12; Montreal, 10 6-16 per cent discount. I JuU'' Greybull Is Paving Bandon Will Build a Hydro-electric Plant Greybull Has No Bonded Debt . Bandon Has Only a Net Bonded Debt of $40,000 Bonds Income Tax Exempt Security 40 to 1 Security Every business block and resi dence, mill and lot in Bandon all worth x $1,580,000 are pledged to these bonds as se curity. ! 69c General Obligations City of BANDON, Oregon. Due 1926-41. Legal for Savings Banks. , PRICE TO YIELD 64 Phone or write for full information. LUMDERMENS TKUST comfaiiy BROADWAY AND OAK The business and best residen tial sections back these bonds. Over $1,000,000 worth' of prop erty and NO other bonded debt. 7 10-Yr. Imp. Bonds City of GREYBULL, Wyo. PRICE TO YIELD 7 fie 7' Income Tax Exempt. Ti Income Tax Exempt. "We own and offer the unsold portion of $61,000 City of Dixon, Cal. Serial 8 Bonds Direct lien t on all property in the city Dated February 8, 1921. Due serially, July 2, 1922 to 1931. Semi-annual interest at 8 (Jan. 2 and July 2). CALLABLE (July 2) AT PAR with accrued intercut AND A PREMIUM OF 8 to 21 MONTHS' ADVANCE INTEREST AT fo, vz., at 106 to 114. Denominations $1000, $500, $100 .611 .63 .S6"i .37 ..14 37 3T54 4STi 27 76 22 108 8 4flT4 21 Jl 117. 23 73 6rli 77 MH 109 MH 48 10", 24 3 ..RRH ..7S ..R5 MTi .85 . . 83 . 81 . 9i 3;s ... 1st 4s . 2d 4s 1st 44s 2d 4s .!X.B2 . 87.40 . 07 98 . 97.83 Bid. Mining Stocks at Boston. BOSTON, May 4. Closing quotations: Metal Market. NEW TORK, May 4. Copper, quiet. Electrolytic, spot and nearby, 1912340; futures, 12 613c. Tin. firm. Spot and nearby, 32c; futures. 3i.fd?3ZC. Iron, nominal. V(i 1 Nnrtti.ni t5Sift2fl. No. 2 Northern. (242&: No. 3 Southern. I l.l1.53, CORJT. ' . .63H .63 , .&Vs .ti.IVs OATS. .38 H .38 .SO hi .30 MESS PORK. 16.50 1&00 16.S0 16.96 17.00 16.60 LARD. 9.67 9.80 9.67 10.05 10.12 10.02 SHORT RIBS. 9.90 9.90 9.77 10.15 10.15 10 10 Cash prices were: Wheat No. 1 red, 11.49; No. 2 hard July . Sept. . July Sept. 16.10 16.65 9.75 10.0T 9.77 10.10 Tho postoffice at Minerva, In the western part of Lane county, dis continued a number of years ago, has been re-established, and Carrie E. Ackerly has been commissioned as postmistress. 21(i Lead, firm. Spot, 4.75c. Zinc, quiet East Sc. Louis delivery. Spot, t.VUfGPDC. Antimony, spot. B.25c. SELL FREELY Corn No. 8 mixed. S8y.e59: No. yellow, 68Jj61. Oats No. 2 white, .S7i43Sc:' No. white, 3636?ic Clover seed 13(?18. Timothy seed 14.506. ' Rye No. 4, 1.S4. ... Ribs $99.75. Pork Nominal. Barley 64 74c ' Lard J8.35. ' Primary Receipts. CHICAGO. Mav 4. Prlmai-r r.x.tnla y uem, ooa.uuo Dusnels vs. K28.O0O bushels corn, 687,000 bushels, vs. 330.000 bushels oats, 492.000 bushels, vs. B05.000 buohels. snipments: Wheat, 700,000 bushels, vs. i.xja.uwi Bushels: corn. 084.000 bushels. vs. www ousneis; oats, 403,000 bushels, vs. 898,000 bushels. Clearances: Wheat. 486000 bushels. v 14.000 bushels: corn. 86.000 bushels, vs. none: oats, 97,000 bushels, vs. none; flour, ii.wv Darreis, vs. su.ufiu barrels. Car lots Duluth: Wheat. 8.4: rnrn CHICAGO. May 4. Kansas renorts of oats, 1: rye.- 24. Wlnnlpes-: Wheat .t free selling by growers had much to do Pf!8- 89: barley, 13. Kansas City; Wheat, firt.v with . .ho- H...n,n ... " curn. "". St. Louis: Wheat uiB, ia vmaoa: wneat. 28; oats. 2. Minneapolis: Wheat KAXSAS GROWERS' ACTION HAS "HEAKEXIXG EFFECT. Prices Ease Off at Chicago and Close at lowest Level of Day. ' Coarse Grains Down. sharp downturn in wheat prices. The market closed weak, 2V4 to I 34 ; corn 148; corn. 6; barley, 15. 4X0 net lower., with May tl.38 to 11.3814 and July tliOSH t" 11.09. Corn lost 1 to lc and oats to ITic. In pro visions tnere was a net advance of 5 to 50 cents. At first wheat showed The majority of traders. o th6 view a reaction was to ha itim4a(1 imn ine aavances. .uaars put stress, too, on the fact that frosts which were looked for had proved Inconsequential. Then oame news that overnight purchases at Kansas City from country holders amount ed to 5U0.000 bushels and that consign mcnt notices had become more numerous. M.sglvinBS as to effects of ths marine worKers strike counted also as a bearish factor. The market grew weaker and Closed at the lowest level of the day. Corn and oats fell with wheat. It was said rural onerinas were larger. provisions reflected an advance In hoi vaiu Tire Chicago market letter received yes terday by the Overbeck & Cooke company qi roruana saia: Wheat The only strength shown In the market today was at the opening, after 19: wild oat. J12615-." barley I15&20; which buying power petered out and nrices stock. 12314 - aecnnea rapiaiy on scattered selling' by Winnipeg Grain-Market. WTNNIPEO. May 4. Cash wheat K 1 nonnern, ai.YHMi ; NO. 2. XI.754: V. ,d fresh strength, o Jjn?L: ? : ai l 5 : No' . however, leaned f "'a' 1 j No. 3 3754; extra No. ras to be expected U tVd' SJ : 1 ,eed- trc". ; """J. o. a. uvt; r.o. 4, e; feed, 56; track. 74: No. 2 rve. II 48: traoic 11.49. Futures: Wheat, May, 1.67; July, MInneaimUs Grain Market. MINNEAPOLIS. May 4 Rarlav. 148 ffl ot; n. ivo. . 1. 1.J0 1.72. Futures: Wheat. Mav 11 Tl 11.155.. . " Grain at Ban Franclsro. SAN FRANCISCO. Mav 4 Drain Tt.r. ley. feed. $1.201.27; do, shipping, 11.33 1.55: red feed oats. $145iBH 60: wheat, milling. 12(32 10: rin ci Qrt. Mrn hlte EgypUan. Ui 2.10: ' red miio. 11.70 Hay Wheat $2021; tame oat. $17 longs and by cash houses against purchases in tne country. The latter was the out standing feature as it substantiated the Seattle Grain Market. SEATTLE. May 4. Whest Hard white .V, . '.V. .i.. IS! soft white and white club. 1.S4: hard red dd XSZ'ffi wheat to arrive" than for some time. Some export demand was reported, but the volume closed was not large enough to be signincant factor and railed to offset repeated advices that the United Kingdom cancelling purchases made previously. The Canadian situation again came into prominence on messages from Winnipeg reporting cash wheat pressing for sale with the demand apparently satisfied and biuestem, $1.38. City delivery: Feed Scratch feed. 18. per ton; DaDy scratch feed, 71; feed wheat, MS; all grain chop, J42; oats, $3u; rolled oats, $41; sprouting oats. $44; whole barley, $37; rolled barley, $34; clipped barley, .44; milled reed. $30: bran. $30: whole corn. $38; cracked corn, $40. Hay Alfalfa. $24 ton; double com premiums lowar. -The weather map this 'LTlJ' riw t-7o Y' .iS; n,nrnin w.. mnr. favnr.hia f, thT nrr.n eastern Washington, mixed, $32; straw, $24; Puget sound alfalfa, $30. Allouez 21 Arls Com .... 9 Cal Arls .12 Cal Hecla ..255 Centennial .... 8 Copper Range ..snty East Butte Frank in . Isle Royale.... 21 Winona lAke copper .. s iv olverine Mohawk Gt! North Butte ...10 via uomjnion.. Osceola . f. 81 ivumcy , 42 fcoperlor 3 Sun & Bos 1 v,nannon w 2 Utah Con 4 45 11 Swift Co Stocks. y Closing prices for Swift & Co. stocks at Chicago were reported by the Overbeck & Cooke company of Portland as follows: Swift & Co 99 1.1 Oby. McNeil & Llbby nu. National Leather 8 Swift International 2J Money. Silver, Etc NEW TORK, May 4. Prime mercantile pr.per, 77 per cent. Time loans, steady; 60 days. 90 davs-'slx months. 6 6 percent. Call money, easier; high, low, ruling rate. offered at and last loan, 6 per cent; clos ing bid, 6 per cent. Bar sliver, domestic 99!ac: foreign. 61 c. Mexican dollars, 47e. LONDON. Mar 4. Bar silver it. r... ounce Money, 4 per cent; discount rates, short bills, t per cent Foreign Bonds. Foreign bond quotations furnished hy FREEZE AIDS NORTHWEST morning was more favorable for the crop as well is for the roads to haul grain to country stations. The Increased country selling in our opinion suggests a lower market, as domestic milling interests are not buying to any extent and exporters .-hi haiia .(.ias Kntirrhf will iinrlnnr.(.rl 1 tr sell out as they find it easier to secure the Eastern Fruit Crop Suffers Hear- Cash wheat I Corn Liquidation set In immediately . HjV Says C. J. Calkins, evidence at anv time In sufficient vnluma I HOOD RIVER, Or May 4. (Sp to check the decline. The feature of to-1 cial.) While the loss of t-he crops of day's developments was the increase noted commercial fruit sections of the east in country offerings to arrive from most and middle west is a serious thing sections of Illinois, Iowa and the south- .-.r, r.f those districts. ... west Cash prices were a fuH cent lower. T" t rlSHn. . r The seaboard reported 500.000 bushels cording- to C. J. Calkins manager of taken for extort, but local shipping sales tn ttooa ftiver Apple vinegar com fell off to the smallest In several weeks, pany, who is just back from Detroit, totaling only 25,000 bushels. We believe t wm naturally result In an ln- that market is In a weaker position and creaBed demand for the fruit prod- sliouldsell lower. ,.,,., ucts of northwestern districts. Mr. Oats Held within a comparatively nar- ; , , , A iaa row range, declining with other graina "" "" "" KecelpU were small and, although the I freezes have completely wiped ..out market was slightly lower, spot premiums eastern fruit cnopa were well maintained. Shipping demand I Mr Calkins was accompanied to somewhat less active with sales of only Detroit by W. A. Rooker, chemist of ro'arrlvr.'riber;r " ' the local vinegar concern. The two Kye Trade was dull with prices lower "" were ciisbkcu hi iu.t5u6u..6 nn selling encouraged by the decline In a system of utilizing the pomace from other directions, as well as the weakness I vinegar plants in jelly making. Their In cash rye, wnicn was quoieo ii aiay research may result in the addition prices for No. 2 on tract against S cents I , . .,....iimiilnn nlant at the ... .r- I 1 Anal vlnpg-ar factory. Leading lutures ransea aa louovi; I - WHEAT I "" HKrh ' t.... no,.. I Mlnerra Gets Postoffice. DAILT METEOROLOGICAL REPORT. PORTLAND, May 4. Maximum tem perature, 61 degrees; minimum, 48. River reading at 8 A. M., 10.8 feel; change In last 24 hours, 0.3 foot fall. Total rain fall (5 V. 11. to 5 P. M.), 0.02 inch; total rainfall since September 1. 1920. 43.90 Inches: normal rainfall tilnce September 1. 1920. 40.19 Inches; excess of rainfall since September 1, i20, 3.71 Inches. Sunrise. 4:33 A. M. ; aunset, 7:22 P. M.; total sun shine. 6 hours and 20 minutes; possible sunshine, 14 hours and 29 minutea Moon rise (Friday), 4:17 A. M. ; moonset (Thurs day), 5:16 P. M. Barometer (reduced to sea level), 5 P. M., 30 00 inchea Relative humidity: 5 A. M., 75 per cent; noon, 75 per cent; 5 P. M., 86 per cent. THE WKATHER. STATIONS. Wind $6100 July 2, 1922100.82 6100 " 1923 " 101.47 100 1924 " 102.09 6100 " 1925 " 102.65 6100 " 1926 " 103.18 to yield 1 rr 7; '$6100 July 2, 1927103.67 6100 " 1928 "104.13 6100 " 1929"104J56 6100 " 30 " 104.96 6100 " 1931 " 105.33 Weather. Baker Boise Boston Cilcarv Chlcaso Denver Des Moines. Kureka .... Galvefton .. Helena .... Juneaut . ... Kansas Citv Loa Angeles. Jl.irohtlcld MeOford . . Mmneapo is New Orleans. New lork. North Head. Phoenix Pocatello ... Portland .... Rose"burg ... Sacramento . bt. Loula. ... Salt Lake... San Diego... San Fran.... Seattle Sltkat Spokane .... Tacoma Tat Island.. Valdezt Waila Walla. Warhlnpton . Winnipeg ... Vnkima . ... . k.'lear Clear loudy Clear Clear Clear Clear rt. cloudy uiear I'l. cloudy Rain ' k'lear Pt. cloudy Pt. cloudy tA. M. today. ceding day. 44, 04 0.011. .IW 42 611:0.(1016 NW 4.SI 5 0.(10 16iB 2SI 54 0.O2 14 NW! 42 S2iO.OO20N 4ci 70 0.l)l. .ISW 441 64.0.001. .)N 4(l 540O0,14,'N . . .1 70 0.001. .13 8 7llO.(KHl6 3 3.S,t4lil0.74l..S 401 (10 0.001. .tS-E 62! 62 0 (M)12W 4(l OO O.Oo . .JVW 3il :0.OO . . XI Pt. cloudy tni 02 u.mii. .ilnk r.iear r4 7()0.(MI ; .N clear 41 5S 0.211 30 fj Rain 411! 500i4:24!N Cloudy 5l 920.oo. .IW Clear 4Xi 640.OOI10IS Clear 4S 61 0.02 ..(NW Rain 44 62io.ol. .IN fc'ear 4l K4K)0illl0SW Pt. cloud 44 62i0.noilOhN "lear 54 7S 0.O;12SW Oloudy 52 6o D.OOJ. .IVV Cloudy 41) 5(10 041. .fsW fcRaln 42 5M0(M!10N Cloudy . . 14210.0(1 . . 40 Mi 0.0( . .8 Cloudy 42 6410.00 . .)V Cloudy 44 62 O.Oo!l6:W PL cloudy .. J41W0.0O ..I 40' 66l 0. 001.. W Cloudy 4-H 5211. 10.14 NE Cloudy 2S 62I0.0O . . B H'lear 40' 72 O.ool . . is W tpt. cloudy These 'bonds at prices to yield you 714. Income tax exempt, present the moat attractive Investment opportunity we have yet been able to offer. It is to be expected that in order -to step Interest advantage will be taken of the optional feature and a substantial portion of the issue retired before maturity with nine to twenty-one months' advance Interest, equivalent to 6 to 14 premium. BONDS SO RETIRED WILL. THUS YIELD THE HOLDER SUBSTANTIALLY MORE THAN &, INCOME TAX EXEMPT. Dixon Is the center of a remarkably prosperous farming geettoa in the lower Sacramento Valley on the main line of the Southern Pacific, just C8 miles from San Francisco. The character of the city and its environment Is Illustrated by the fact that at the time we purchased these bonds it had only :IQ outstanding- In delinquent taxes. Dixon was Incorporated in lSil. One of lla present banks bean business In 1873. . In the opinion of our counsel, these bonds are the obligation of the city supported by power of general taxation. Legality approved by Heller, Ehrman, Whtte at McAullffe, San Francisco. Tax exempt in California, Legal Investment for Oregon saving's banks. Price: As shown above to yield 7.25 Cash or partial payment plan. Wire orders "collect." Ask for circular 0132. Freeman, Smith & Camp Co. rOKTUNt AN FBANCiSC bound nooa UlMSCMMKN BUILOIN flFTH AND STAHs WAT 1744) IP. M. rei: of pre- FORBCAOTS. Portland and vicinity Tburaday, fair; westerly winds. Oregon and Washington ThunrdaT, fair; moderate westerly wfnd. CREAMERYTO RE-BUILD Larger and Better Plant Promised by Albany Association. ALBANY, Or- May 4. (Special.) A larger and better plant will replace the creamery of the Albany Creamery association, which burned Sunday morning. While no final plans have been made the directors of the asso ciation have decided to rebuild. The association opened an office and receiving station here Monday and went right ahead with its business, so far as receiving and marketing cream was concerned. It will not re-enpape In the manufacture of but - ter until Its new plant Is cnmnleted Other creameries In this m..w, , the state offered to let the ossoclatloi use their equipment part of the tlm In turnlngr out butter until a nev plant could he built. Money to Loan Business and Residence Property. Mortgage Bond Company Mala 3X31. Wllcoa nida. May , my .$1.424 $1.44 1.13 tl 38 1.09 'j tl 38 1.09U Et'GENE. Or., Mar 4. fSpeclal.) TEXTBOOK. OF ' v WALL STREET A 40-page book (copyrighted) discussing clearly and unmis takably rules governing stock market' transactions: . Methods of Tradlar. Commission Rstea. How to Open aa Account. Aaa-meatlns; One's Income. Denoaft Kequlrementiv tor Carrylna; - Stocks on Ac count. Dictionary of Wall Street, History of the New York Stock Exchange. History of the New Tork Curb Market. Korrlpra Exchange. And many other anbjecta of Interest to Investors and stock traders. Copy free apoa reooest. McCall&RHeyCo.,Inc. 20 Broad Street New Tork -.riX 6.50 NO INCOME TAX UMATILLA (Municipal) DRAINAGE DIST. 6 Per Cent Gold Bonds, Maturing 4 to 9 Years A general obligation of a richly productive irrigated fruit and farm area of -1600 acres, including the town of Stanf ield, Umatilla County, Oregon. ' v ' Bonds certified by secretary of state as legal security for deposits of state, county and city funds in Oregon banks; also trust funds. Pronounced "A safe and unusually attractive Investment," by t. C - Heany, Reclamation Engineer. - CTAnk KENDALL r CO, iNC GOVERNMENT MUNICIPALAND CORPORATION BONOS FIFTH AND STARK STREETS - PORTLAND OPEOON tew I .1 Statement of Condition THE BANK OF CALIFORNIA, National Association San Francisco Including its Branches in PORTLAND, SEATTLE AND TAC03LV At Close of Business April 28, 1921. ASSETS: Loans and Discounts Bauk Premises (San Francisco and Branches) Other Keal Estate Customers' Liability under Letters of Credit. . . . Sundry Bonds and Stocks United States Bonds to Secure Circulation Other United States Securities Redemption Fund with United States Treasurer. Cash and Sight Exchange A $64,187,933.03 1,499,937.77 204,511.47 4.575.7G3.56 4,605,904.69 2,150,000.00 4,715,158.92 107,500.00 22,986,161.32 $105,032,872.66 LIABILITIES: 8,500,000.00 8,660,062.63 Capital SutdIus and Undivided Profits Reserve for Taxes and Interes 311,393:55 2,081,297.50 4,682.933.40 Circulation Letters of Credit Bills Payable and Rediscounts with Federal Re serve Bank .... Other Liabilities Deposits 154)87.195.22 1,742,700.43 63,066,689.91 $105,032,872.6(5 THE BANK OF CALIFORNIA, N. A. Third and Stark SU., Portland, Oregon. Wm. A. Mar Use, Slanager. rhaa. I-clah. Asst. Manager. J. T. Rnrtrhartl, Aaat. slanager. Port of Umpqua Douglas County Oregon 6 Bonds Dated DUE May 15, 1921 July 1, 1926-30 DENOMINATION: $1000 Assessed valuation, $4,746,305 Total bonded debt, $325,000 PRICE 98.00 , TO YIELD ABOUT 6.30 to 6.48 Ralph ScHNELiocHCa htUNIDMl AND CORPORATION nKANCC IAJHBCPMEN3 BUILDINO LI We offer the unsold portion of our allotment of Northern Pacific-Great Northern 1 Joint 15-Year 6 Convertible Gold Bonds j Due July 1, 1936 j at 962 and Interest to Yield 6.88ft These bonds are the direct and joint obligations of the Northern Pacific and Great Northern Railways. The high credit of these roads; the strong security, and the marketability which these new bonds should enjoy, make them an exceptional investment. We recommend their purchase and suggest that orders be wired or telephoned at our expense. h f.I.Devepeauxgcgmpan 87 Sixth Street Investment Bonds PORTLAND, OREGON Broadway 1013