Morning Oregonian., May 17, 1921, Page 21, Image 21

THE' MORNING OltEGOXIAN, TUESDAY. MAY- 17. 1031 '
CLEAN NOP PICKING
WILL BE WECESSARY
cars over th. shipments In the correspond
ing period last year.
Local receipts of poultry and dressed
meats were light and Saturday's prices
prevailed. .
IBM LIBERTY BONDS
Leading London Buyer Says
. : Quafity Must Improve.
- COAST GROWERS WARNE0
i
' Rejections, Regardless of Contract
Price, Will Follow Attempts to
Deliver Cnsalable Grades. -'
I Dealers who are handling- hops have
realized tor some time that the quality of
' the crop rn the coming season must be
better than that of last year if the growers
ars to avoid trouble. . Complaints from
' receivers of 1920 hops were numerous and
a repetition of such deliveries, the con
'' timers say, will result in the rejection of
; the hops, whether they are contracted for
at a high or a low price. A large portion
, of the cominf crop has been sold for de-
livery In England and the buyers on that
. side have issued a fair warning that they
will not accept hops that are badly picked
y or are otherwise of inferior quality.
' A letter from George Bird Co., of
London, has just been received by R. E.
Williams, which warns Pacific coast hop
, rrowers of what they may expect. The
letter follows:
"As a tesult of many years' work to
overcome prejudices, a large trade has
been established in the product of these
hop yards for use in English breweries.
The essential to this trade Is that the
' hops should be good quality wall grown
' and carefully picked. This has generally
been carried out satisfactorily, but a rude
shock hat been administered during the
- past season, by the carelessness of the
cultivation and disgraceful picking. If
' this Is the result of making contracts far
a term of years it is a ruinous and short
' sighted policy. Whether value Is higher
or lower at time of delivery should make
- no difference. Buyers here do not spec
uiate, but pass all purchases n o con
sumers as made. Unless your growers
realise this, they had better give up ths
' business.
"During the period your country has been
dry' the Pacific coast hop growers would
ha1 been driven out but for the English
! brewers, and it is as well for them to re-
member this.
i sent 'on contract this season are not
, wanted here and are entirely unsalabl
It kills the demand for further supplies.
i "The continent of Europe is also a large
: producer. In Belgium, France and Ger
; many the conditions are fully realised that
i good clean picked bops areVabsolutely nec-
' assary. and they study the English buyers
, accordingly.
"Another important point for your grow
ers to guard against is the state of roofs
of their hop lofts. In wet weather during
baling many of the loose hops get damaged
by the dfips from leaky roofs. Wherever
these wet hops get Into the bales, sweat
ing, heating and bad discoloration is
caused. Unfortunately there have been
many so damaged this season and which
en arrival here give serious trouble ' to
' buyers, as naturally the brewers will hot
i accept them. '
"We hope your growers will seriously
consider the position before another tea'
i son ana give tneir neei endeavors to pro
J dues crops about which there need be ne
complaint, and will heist to regain the
confidence of consumers here.
Wheat Visible Decreasing.
The American visible supply .of wheat
compares as follows:
I STOCK MARKET RECOVERS
FROM EAKX.Y IOSSES.
Way 19, 1921..
May 17, 19-JO..
May 19, 3919..
May 20. 1918..
Bushels. Decrease.
..11.150.000 1.27.1.000
..38.74X000 1.907.000
,.33.7:i6.000 8, 482.000
t do B . ... 400
ma
Peo Gas 3,600
Pere Marq. .. 3,300
Phila Co .... ,
Pore Oil 0
Pierce Arrow. 51,900
Pierce Oil ... 1,400
Pitts Coal ... 500
Pitts & W Va 600
May 21. 1917 30.173.000 2.907.000
Tbe corn vjplble is 17. 740.000 ousneis, a
decrease of 1,335,000 bushels; oats, 29,277,
000 bushels, decrease of 888,000 bushels;
rye, 1.603,000 bushels, a decrease of 117,
000 bushels; barley, 1,393,000 bushels, a
decrease of 190.000 bushels.
Investment Ralls, Motors and Spe
cialties Lead in Advance la Face
of Higher Call Money,
NEW YORK, May 18. Selling of stocks
for both accounts, principally the short
interest, was resumed In moderate volume
today. In the final hour a covering move
ment canceled many losses and effected a
few substantial gains.
Early recessions ran from 1 to 3 points
In the prominent motors and thetr acces
sories, at well as steels, eaulpments, ship.
pings, metals and food shares. low-priced
oils were under constant fire.
Miscellaneous issues, embracing the mail
order, motion picture, leather and less dis
tinctive groups also gave way variably to
proiessional offerings, but a few utilities,
rails and tobaccos were Inclined to
strengthen.
Bank Clearings. I Mexican Petroleum. International Paper,
Bank clearings of the northwestern cities Sumatra Tobacco and some other oils, as
yesterday were as follows: I wen as motors and Investment rails at
Clearings, tfaiancea. s-'a x to luuy o points, it ovcurreu
.13.167,038 11.303.970 in the face of a rise of call money from
4,954.ou i,,o8 a to per cent. Sales were 700,000
606,214 102,157 shares.
1,701.567 739,390 Dealings In bonds were relatively more
active, though the tone was uncertain.
Strawberries Arrive Late.
Yesterday's shipment of California
strawberries arrived late In the afternoon.
Orders booked took care of most of the
supply and the market remained steady
at f3.40 3.50.
New California garnet potatoes declined
to 1 cents a pound. Among the receipts
was a mixed car of vegetables from Los
Angeles.
Portland
Seattle .
Tacoma
Spokane
PORTLAND MARKET QUOTATIONS
Grain. Hour and Feed. .
Merchants' Bxchange, noon session.
-Bid-
1.33
1.35
1.32
1.;
31
31.
Wheat May.
Hard white I 1.40
Soft white 1.40
White club- 1.40
Hard winter 1 1.33
Northern spring .... 1.34
Red Walla 1.30
Oats
No. 2 white feed.... 31.25
No. 2 gray 31.25
Barley
Brewing 24.50 24.50
Standard feed 22.00 . 22.00
Millrun 28.00 ' 28.00
Corn
No. 2 E. Y, shipment SI. 50 31.50
No. 3 E. Y. shipment ol. 50 31. oO ....
FLOUR Family patents, 18.60 per bar
rel; whole wheat 17: graham $6 80; bakers'
hard wheat, $8.25; bakers' bluestem pat-
Liberty issues rallied after earlv lrrecU'
larities. Total sales, par value. 1 11.450,000.
CLOSING STOCK QUOTATIONS.
(Furnished bv Overbeck A- Conk, com
pany, r-oru&na.j
.Tun. Julv. I
I 1.3S S 1.35 Advance Rum
Alii vneiu
81.23
31.25
24.50
22.00
28.00
' 30.00
Ajax Rub
I Alaska Gold..
Alas Juneau..
Allls Chal ...
do pfd '
Am Beet Sug.
Am Bosch....
Am Can
do pfd .....
Am Car & F..
do pfd
Am Cot Oil. .. .
do pfd
Am Drug Syn. .
Allied Chem.
Am HAL
do Dfd
Am jce
S00
400
100
300
800
High.
17
'3214
I
sets
'in"
30
Low.
17
"12"
4
1
SO
"39"
48
29
500 125 125
enta, S7.T5; valley bakers', 17.25; straights Am Intl Corp.
I7.2S.
MILLFEED Prices t. o. b. mill: Mill-
run. 30 per ton: rolled barley, 138 & 40;
rolled oats. S40: scratch feed. 951 per ton.
CORN Whole, 138; cracked, $41 per ton.
HAY Buvinff rjricea f. o. b. Portland
Alfalfa, $18 18.50 per ton; cheat, $2223
per ton; clover, $16; valley timotny, $-
625; eastern Oregon timothy, $26.
1,200
1.300
l,oo
600
6,000
200
800
1
Dairy and Country Produce.
BUTTER Cubes, extras, 23o lb.; prints.
parchment wrapped in box .ota. 80c:
cartons. 31c. Butterfat. buying price: A
grade. 25o; B grade, 23c Portland delivery.
EGGS Buying prices, case count, mo
delivered. Jobbina- Drlces to retailers:
Such hops as many of those I Candled ranch, 21c; selects, 24c
CHEESB Tillamook triplets, price t
jobbers f. 0. b. Tillamook. lUc; Young
Americas. 20c pound.
POULTRY Hens. 18 S 25c pound; aucKs,
nominal; geese, nominal; turkeys, nom
PORK Fancy, 1414ic per poulTH.
VEAL Fancy, 13413 Vic per pound.
Fruits and Vegetable.
FRUITS Navel oranges, $3.7505.73 per
box: lemons. $3,756.3; grapefruit. $3V
9.25 per box: bananas. 9 if 10c pound; ap
pies, $1.25 if 3 box; strawberries, 3.40(a
5 ner pmif: fhrpips. 25c Der Dound.
VEGETABLES Cabbage, tlti pouna
lettuce, $3.73&4 per crate; carrots, $1.50
per .sack; garlic, 20a per pouna; beets.
$1.50 per sack; green peppers, 3Utp50c per
pound; rhubarb, 406c pound;' spinach.
768c per pound; turnips, $l.oOW3 per
sack; tomatoes, 14 per lug; cucumbers.
$1.75412.75 per dozen; peas, 14i18c per
pound; asparagus, 31.401.50 ,per dozen;
beans. 20&-22sc.
Am. Linseed.
Am Loco ... .
do pfd
Am Saf Razor 1,400
Am 8 & C 900
Am Smelter.. 2.8(H)
do pfd 200
Am Stl Fdy.. 800
Am Sugar ... 1,400
do pfd 200
Am Sumatra.. 18,800
Am T & T 300
Am Tobacco. . 400
do B 400
Am Wool .... 8,400
do pfd -100
do P pfd... 300
Anaconda 600
Am Zinz ...........
Assd Oil
Atchison .....
do Did
At O & W I. . 9,400
Baldwin Loco. 15,800
do Dfd : 200
Balto Ohio. B.SOO
do pfd
Beth Steels Ss
do a ..... n,500
B R T 200
Butte C & Z. . 200
Butte Sup.. 1O0
Caddo Oil v... 100
Cal Pkg 100
Cal Pet 1,900
do pfd 100
Can Pac ..... 1,600
Cen Leather.. 300 '
Cerro De P... 1.100
Chan1 Motor. 4,500
Chi & N W.... 200
Chi Ut W 100
do pfd
Chili Coo .... 10.SO0 .
Chlno 1,100
45 H
34 4
48
J?"
"oii"
10
4214.
78 l
30
9H4
101
63
105 J4
122
121 .
7
'35.'
42
43
1194
52
6314
. 45
36
S6!
"0
10
4114
78
2914
91
101 A
60
105
12114
12014
74 .
"3414
4114
300 . 81 81H
3914
88
41
3714
8614
3914
6014
12
514
14
17
59
4914
7814
114
40
30
66
69
12
6
14
17
3914
4S
78
114
38
2014
65
8 8
C M St P.
do ofd .
Coco Cola
C & O
POTATOES Oregon, fl. 2501.60 per 100 L
Colo G & E..
pounds; Yakima.. 31.50&1.75; new Califor
nia. 414c per pound; sweet potatoes, $3. J
Der crate. .
ONIONS Oregon. 75c 9 $1 per sack; new
crop, white .Bermudas, z per crate.
1 PRODUCTION BEARS BUTTER PRICE
Eastern Operators Prepare
Storage Baying.
for Heavy
- - Staple Groceries,
Local jobbing quotations:
SUGAR (sack basis) Cane granulated,
7.85c per pound: beet, 7.65o per pound.
NUTS Walnuts. BUtoSDc pound; Brazil
i
i Heavy receipts brought lower prices Id I nuts, 80c; filberts, 12c; almonds. 2430c; do pti", ,
. . . 1 n.. mi. . flfflllp tier nnitnri i-nrnanut, 11.75. I ... . l - . a -an.,
; the eastern butter markets alter early snow ' ' i.uu
2,600
2,800
200
2,100
100
700
3,000
400
8.200
1,300
1.200
9.900
' 3.266
3,200
200
300
Der dozen.
RICE-BIu Kose.'sc per pouna; japan
ityle. 4tc Der pound.
beans small wnue. c; pins. ic,
lima. Ho: red. be per pound.
COFFEE; Roasted, bulk, is drums, 10
14we oer -Dound.--
SALT Granulated, bale, Z3.40Qi4.Z5;
half ground, ton. 50s, $19.75; 100s, $19.25;,
lump rock. $26.50.
DRIED fruits Italian prunes, 6V4c
pound; dates, $4.2506.85 per box; figs, $:
5.25 per box.
Hides, Hops, Etc.
TALLOW No. V 8 Bc; JJo. 2. 2 3c
ner Pound.
CASCARA BARK 120 peel, ic pound;
1931 peel, 6c pound, delivered Portland.
HOPS 1920 crop. best. 20c per pound.
HIDES -Salted country hides. 4c deliv
ered Portland; grubby hides, 3c; city calf
skins, 12c; country calf skins, 10c; good
...... t rr ... .. iik.i I kip. 6c: grubby kip, 4c.
rent vi unci iubo . n iu w ma w V. ' I .
Th emergency tariff, if it becomes a law, I Provisions.
will bring this to Sxc delivered Ne Tork. HAMS All sizes, SOgSic: skinned, 26
duty paid. 136c: Dicnic. 17e19c; cottage roll, 30c
Trade was active on the San Francisco I BACON Fancy. 48653c; choice, 80 0
market riurinr the week anil nrlr I 85c: Standard. Z6Z8C.
showed a net gain of 2c from Friday to LARD Pure, tierces, 17c pound; eom-
i of steadiness. Prices broke sharply starting
t Wednesday, reaching new low levels for
I the season. .The decline was mostly due to
t accumulation of centralized cars and un-
i dergradea on the New York and Boston
1 markets, as a wide margin over Chlcagd
! took most of the week's shipment east,
I either oa consignment or purchase. Chl-
J cago was fairly firm and had no aurr!
I but had to follow the decline at New York.
i Thi week's receipts were much heavier and
reports of production show large in-
t crease. Practically no butter stored yet
f In the east, but buying Interest Is strong
f and will start storing butter this weK
I unless the market looks decidedly weaker.
Plenty of orders for June butter around
. 28c are In brokers' hands at Chicago, al-
' though many expect to buy cheaper. There
is a small cargo of Danish butter now en
Col Graph.
i- on tias
Contl Can ...
Contl Candy..
Corn Prod....
do Pfd
Cosdn Oil ...
C R I & P. ...
do A pid...
do B ofd...
Crucibl 1,400
i'.ooo
do Dfd 100
Cub Am Sug.. 1,400
Del & Hudson 100
Dome Mines.. 1,300
D & R G 100
do pfd 800
End! Johnson. . 7,900
Erie 900
do lilt pfd.. 1.20O
do 2d pfd. . . . 200 .
Fam Players.. 10,400
f ed M & s.
11
28
48
29
63
30
36
60
7 '
91
48
1
73
'85
33
76
65
19
61
24
20"
T4
1
65
14
21
11
25
27
42
. 29
61
30
34
39
7
89
46
1
70
"34
31
76
85 .
76
"19
61
23
"i9
i
62
13
20
fs" "i6
Friday.' Local demand was good for con
sumptive channels and storage stocks In
creased T7.624 pounds for the week. Ship
ping orders continues?' from Los Angales
and San Diego and carlots moved f jpm
Dound. tierces. 12c
DRY sALI fcJacKs, z-'czoc; plates, 180.
Oils.
LINSEED OIL Raw, In barrels, 99c;
five-gallon cans, 81.14. Boiled, in barrels.
country creameries, as well aa from San 1 31.01; five-gallon cans, $1.16.
Francisco. Due to the low norther mar-I TURPENTINE In drums. 97c: five-gal-
- V . milt littl ktitta tnrmwltt .hlnn.ri ldll' Cant. 11.12.
here Is finding Its way to San Francisco. I rit i n. i.r.Ay .uu-io. aegs. ioc per 10.
AAlWIl. "BIB 'CIJ UKUL. UUTIUI 11- I , .....
week due to the marine strike. However. GASOLINE Tank wagons and Iron bar-
ine oeansu xaciors causea naraiy more i rels, 214c; cases, 40c.
than a weak undertone, as the lara-e re- I
ceivers of butter had little butter to offer QUOTATIONS OS D.MRX PRODUCE
nr) Athftp iH xt. 1 era nrtoa r-rH In nnnrt a
supplies. There Is a general belief that 31arKpl races .Ruling en Butter, Cheese .
do pfd 100
Flske Tire ..: 500 16 16
Gaston Will.. 300 1 1
Gen Cigars... 200 60 60
Gen Elec .... 700 137 136
Gen Motor ... 8,200 13 12
do 6s .....
Goodyar '. -
Gen Asphalt. 24,700 72 69
Goodrich l.OOQ 39 ' 37
Granby ...... 300 23 22
Gt Nor Ore... 400 30 30
do pfd 1,900 70 69
Greene Can
Gulf 3 Stl. ... 800 39 38
Hupp Motor.. 2,600 1 3 12
Houston Oil.. 200 77 77
III Central ..." ,200 91 91
Inspiration ... 1,000 36 36
Intrboro 100 4 4
do pfd ........... ..... .....
Int Callhan... 600 5 5
Int Harv .... 2,200 91 88
do pfd 100
Int Mer Mar.. 00 15 15
do pfd . 400 64 53
Int Nickel .... 1.400 16 15
Int Paper .... 6,500 72 67
Invln Oil .... 1,100 18 18
Island Oil .... 700 4 8
K C So 1,200 27 26
do pfd - , . ..
Kelly-Spgnd w 800 46 . 43
Kennecott ... 1.700 22 21
Keystone Tire. BOO . 13 15
Lack Steel ... 700 80 49
Lehigh Val ... 1,200 64 64
Max Motor 100 5 614
Mex Pet 41.4UO 149 143
Miami 23 23
Mid St Oil 1.700 14 13
Mldv Steel ... 1,300 28 28
prices will go a few cents lower, due to
falling eastern markets, but more surplus
will be necessary than at present.
WHEAT STEADY LN' THE NORTHWEST
little Change in May Bids at Local Board
Session.
The wheat market was steady with the
usual amount of business reported at In-
and Eggs.
SAN FRANCISCO, May" 16. Buttei
Extras. 34c: prime firsts, 32c; firsts, 32c
Eggs Fresh extras. 25c: extra firata
24c; firsts' nominal; dirties. .22c: extra
pullets. 21c: undersized pullets. 17c
Cneese Flats, fancy, 16c: firsts, nom
inal; Young America, fancy, ISc; firsts.
nominal.
CHICAGO. May 16. B u 1 1 e r Lower.
Creamery extras, 29c; firsts. 24627c; sec-
Eggs unchanged. Receipts. 26.030 cases
firsts, 2121c; ordinary firsts. 1819c; Otis Steel
t mark, cases Included. 20fe20He: etan-J p.a Oil ...
aaras, iiijc
ter!or points. At the Merchants' Exchange I 0Ilds' standards. 27c
May club was 2 cents higher and hard and
oft white 1 cent higher than Saturday.
Other grades were unchanged.
Oats bids were advanced 23 cents to
$1.25, while corn was 50 cents lower. Bar
ley- was the same aa last week.
Eastern weather and crop reports con
tinued unfavorable.
- Russell reported export trade slow with
four ateamers unable to make first half
of May clearance on acconnt of lack of
crews. 'Conditions at Galveston were not
as good as at New Orleans.
Terminal receipts,. In care, were reported
by the Merchants' Exchange as follows:
Wheat Bar. Fir. Oats Hay
Portland. Monday 89 . . 10 1 4
. Year ago 43 2 . . ' 18 1
Feason to date.. 17148 249 WIS 337 2351
Year ago 8149 177 3784 493 2128
Tacoma. baturd y 13 .. 1
tear ago 12 . . 2
Keason to date.. 4456 Kl 9R3
Year ago 6S10 94 $01)8
Seattle. Saturday 6 ... .1
Year ago 13 .. ""7
Keason to date.-. 4460 212 489
Year ago 6018 244 1124
M K & T....
do pfd
Mont Power..
Mo Pac
do pfd .....
Mont W
M t St L
Nat Enamel. ..
Nat Lead ....
Nev Con . ... .
New Haven
Nor ft West..
Nor Pac
Nov Sco Stl. ..
N Y Ar Brk..
N Y Cen
Okla Prod ret
Ont Slver ....
Ont ft W.....
f)24
831
3
1
444 1103
S43 1186
in
2
ACTIVE DEMAND FOR CUBE BUTTER
Jobbing Prices en (Some Brands of Prints
Are Shaded.
The butter market was active and buy
ers for storage readily paid 25 cents for
all tbe extras offered, but resisted any
disposition to put the market higher.
Prints were quoted av the established basis
of 30 oents, although this price Was shaded
en some brands.
Eggs were steady at 19 cents net to
country shippers and the day's moderate
receipts were well absorbed. The growth
of the Pacific coast egg business Is shown I
by the government report on carlot ship- j
meets from California to eastern points in t
the first four months of this year, which I
total 447 cars. This is an Increase of 63 j
NEW YORK. May 16. Butter: Steadv.
Creamery higher than extras, 80tJ)31c;
creamery extras, sue; creamery firsts, 25
to. - jc
Eggs weak. Fresh gathered extra
firsts, 26 27c; firsts. 23 25c.
cneese unsettled. state whole milk
flats, short held specials. UlteiSKc:
state whole milk flats, fresh specials, 16
SEATTLE, May 16. Egrs, select local
ranch, white shells, 24 0 26c: do. mixed
colors. 22 24c; pullets, 20c
Butter City creamery, cubes, " 29c;
bricks or prints, , 30c; country creamery,
extras, cost to joDoers, in cubes, 25c
Metal Market.
NEW YORK. May 16. Copper, steadv.
Electrolytic, spot end nearby, 13c; fu
tures. 1313c
Tin Eeay. Spot, nearby, 32.50c; fu
tures, 32.25c.
Iron Nominal. No. 1 Northern. $2S
C26: No. 2 Southern, I21S22: No. 2
Northern. $24 it. 00.
Lead Steady. Spot, 5.00c. ;
Zinc Quiet. East St. Louis dellverv.
spot. 4. 83(34. 90c.
Antimony fcpot, 5.25c
Duluth Linseed Market.
DULUTH. May 16. Linseed on track
and to arrive, 15c.
Pac G ft E..
P;m Am Pet.
S.OOO
1,300
" "eoo
100
400
700
1.900
200
8,200
200
; 300
1,100
800
900
200
200
28.700
I 300
4.7'K)
41
"is
57
78
12
19
7
73
35
70
72
8
18
13
39
54
W7t
21 .
39
"13
66
77
12
18
S6
72
85
69
70
8
4
18
13
37
83
67 .
Bid.
17
47
32
36
76
38
47
29
83
125
107
70
0
43
12
. 64
54
47
38
87
102
10
42
77
29
91
101
62
105
122
120
75
97
85
41
9
101
81
76
39
. 88
100
40
' 30
104
60
12
6
14
16
00
48
78
114
40
. 29
87
65
8
18
25
28
43
29
63 '
30
34
69
I
91
46
1
72
103
35
82
76
65
78
84
19
80
23
101
20
.a
64
21
14
73
7
76
18
1
60
138
12
68
10
Tl
39
22
30
70
23
39
IS :
77
90
36
4
12
91 it
102
ii
15
71
18
3
26
51
45
21
60
54
5
149
23
13
28
2
2
53
21
.40
'l
13
57
77
"i6"
97
73
34
69 I
3
4
18
13
38
53
.68
Pr Steel Car.
Pullman .....
Ray Con .....
Reading .....
Remington
Kepi steel ...
Rep I & 8. ...
do pfd .....
Ryl Dutch Oil
Ry. Steel Spg.
SO Ind
Sears Roebnck
Shat Ariz . .
Shell T & T...
Sinclair
loO
12,000
30
500
7,20
"6.76
35
64
22
84
31
10
61
29
ioi"
14
73
61 '
84
61
21
34"
aa
10
61
61
34
54
22
32
34
29
10
61
JSli r. 21
si vi
2T-J4
102
14
70
3
SO
1,500 78 . 75.
400
10,700
Sloe Saf 100.
So Pao 7,800
So Ry 2,400
do pfd 600
St L ft S F... 2,400
Srom Carb.... 300
Btudebaker . . 28,000
Swift ft Co
Tenn C ft C 1,100
Texas Oil 8.800
Texas Pae . .. 34,500
T Pac C ft O. 4.700
Tob Prod .... 4.30O
Tr Cont Oil. 30
Union Oil Del.
Union Pac ...
United Alloy..
United Drug.
Tjtd Food Prod
Utd Fruit ...
Utd Ret Stores
U S Ind Al
U SaRub
do 1st pfd.
tT S Smelting ,
u 9 steel
do pfd .. . ..
Utah Cop ....
Va Chem
Van Steel
Ylvandon ....
Wabash .
da A pfd. ..
do B pfd. ..
Wells Fargo..
West Pac ....
West Union . .
Westh B ft M
West Md
White Motors.
Willys Over..
do pfd .....
Woolworth . . .
Worth Pump.
W ft L E
1.20
1,000
100
""766
200
7,-100
1,300
11,900
100
11,500
100
2,800
'13,266 '
800'
100
1.000
200
100
400
800.
1,100
1,900
600
"566
5,400
47
26
. 41
76
21
52
24
37
79
"9
39
27
- 28
'ii
-23
119
'Onii
21
110
60
69
73-101
83
108
56
"S4
8
8.
23
811
.48
10
39
8
39
'51
10
26
. 41
75
21
' 51
23
36
77
"9
39
25
27
'it"
' 22
119
'94
21
109
5
. 67
71.
101
'2"
108
55
'33
8
8
22
28
89
48
102
. as
86
S9
. .89
'
89
55
. 14
: 47
; 26
40
76
21
51
23
38
79
100
IS-
27
2W
5514
11
23
120
3H
94
21
109
- 58
68
73
Hl
3S'i
9
108'
55
28
34
8
8
22
... jj.
63
28
88
48
iVaP
: Long Time, High Held Investments
' ; -' ' - . .r '
We offer our participation , in
ATTRACTIVE INVESTMENTS ' '
Standard Oil Co.
;v-$3,500,000
10 -10
39
8
39
"50
10
BONDS. " '
V S 2s reg. ....99IN Y C deb 8a.
do coupon ..99 IN P 4s
U S 4s reg. .'104 IN P 3s :.
do coupon ..'104 Pac T & T 5s.
Pan Is reg .77IPa con 4s..
do coupon ...77S Pcv 5s
A T ft T cv 6s. 99 ISo Ry 5s
Atch gen 4s .. 76lll P 4s
D ft R G con 4s'6iU S Steel 5s..
39
8
39
112
50
10
89
75
55
84
85
90
82
80
95
Bid.
Liberty Bond Quotations.
Tfn nf lihurtv bond Quotations.
nlshed by Overbeck & Cooke company of
Portland:
High. Low.
Liberty 3s $88.30 $88.20
Liberty, first -4s .-
Liberty, second 4s
Liberty, first 4s... 87.72 87.80
Liberty, seooad 4s. 87.42 87.34
Liberty, third 4s... 90.76 90.06
Liberty, fourth 4s.. 87.50 87.40
Victory 4s 97.94 97.88
Victory 3s 97.94 97.88
fur-
Close.
$88.20
87.50
87.28
87.60-i
87.34
90.64
87.42
97.90
87.90
ican
Power & Light
; Go.
8 20-Year Secured Gold Bonds
Price 98'i t YkJd
Over 8.15
$23,000,000
United
States of
Brazil
8 20-Year Non-callable External
Gold Bonds. Price 97 K to Yield
8.25
of New York
20-Year Gold Bonds
Redeemable at 103 and interest first seven years.
, Price, Par and Interest
Both of the above issues are exceptional in yield in the extent
to which they , are secured.- - Full information on request.
CLARK KENDALL & CO. inC
OQrTJiftMJtriT HUNKSPAfcAN D;C0RPQRAIPN B0ND$
FIFTH AN D STARK STRUTS - PORTLAND 0PE00N
E..I. DuPont
lie Nemours & Co.
10-Year Gold Bonds
Redeemable at 110 on 60 Pays' Notice to May, 1922
Price Par and Interest
Minlns- Storks at Boston,
BOSTON, May 16. Closing quotation
Alloues
Arts Com . ..
Calii ft Arls.
Calu ft Hecla..254 lOsceola
aoVjiyulncy
22 IMohawk
3 North Butte
51 Old Dom ...
53
30
22
31
41
3
1
DO
1
.... 11
East Butte ... 9"4ISuoerlor
Centennial .... 8ISup ft Boston.
Franklin 2 snannon
Isle Royalle ... 21 Utah Con
Lake Copper. z? W oivenne .....
Swift ft Co. Stocks. - '
Plnilnr nrli? for Swift ft Co. Stocks at
Chicago were reported Dy tne iverDoc
Cooke comoany oi i-ortiana as uu.
Swift a t'.n !. .v. 100
Libby, McNeill ft Libby 9
National Leather 7
Swift International 25
Money. Silver, Etc
NEW YORK, May 18. Prime mercantile
paper. 6 7.
Time loana Steady: 60 days, 80 days
and six months. 61 per cent.
fa.ii monev Firmer: hieh. offered at
and last loan, 7 per cent; low, ruling rate
and closina- bid 6V4 per cent.
Bar silvers-Domestic, 99 s; foreign.
59c.
Mexican dollars, 45 c,
LONDON, May 16. Holiday on the Lon
don, Liverpool and Paris exchanges today,
Foreign Exchange.
Vht-oltrn exchange rates at close of busi
ness yesterday, furnished by Northwestern
National DanK or roriianu. iu .muuiu
quoted is the -equivalent of the foreign
unit In unltea oiaLes xuuua.
Country, unit
Austria, kronen
Belgium, francs
Bulgaria, leva
Czecho-Slovakia, kronen
Denmark, kroner
England, pound sterling .....
Finland, flnmark ,
Rate.
.8 .0030
. .0860
. .0136
. .0158
. .1810
. 4.0125
. .0235
. .8061
. .0183
. .0575
. .3032
. .0055
. .0506
. .0080
. .1620
France, francs
Germany, marks
Greece, drachmas
Holland, guilders
Hungary, kronen
Italy, lire
Jugo-Slavfa. kronen T
Norway, kroner
Pnlnnil Pnliah marks
Pnrtueal. escudos 0965
Roumanla. lei .0190
) i , l. . i riihlpa .................
Serbia, dinara a. 0036
Spain, pesetas 1385
Sweden, kroner 2370
Switzerland, francs 1815
China Hongkong, local currency .50..0
Shanghai, taels -6700
Japan, yen 4830
xrnrnr YORK. Mav 16. Bxchange easy.
Sterling, demand, $3.99: cablese 4 00 i
franca demand, .4; caoies e.ou; reigiau
francs, demand, 8.48; cables 3.50; guilders,
demand, 36.20; cables 36.30; lire, demand,
8 55: cables, 5.57; marks, demand. 1.74;
cables, 1.75; Greece, demand, 8.50; Sweden,
demand, 23.55; Norway, demand. 16.00;
Argentine, demand. 30.62; . Brazilian de
mand. 13.37; Montreal, 10 ll-ltf per cent
discount.
Foreign Bonds
foreign bond quotations furnished by the
Overbeck & Cooke company of Portland:
Bid. Ask.
Russian 5'As. 1921 ; . 15 17 "
HOTEL HOYT
Strictly Fireproof. Near both depots
v and eonrentent car servica to
alt Parts of city. .
Pi OK. Kooms Mlthout Bath, fl and tip
bins If BoouiB With Bath, i and ud
KLBE&T . KOBE. Manager.
Porto Rican
American
Tobacco Company
8 Gold Bonds
Dae 1931
Sole funded debt of the com
pany. Safeguarded by strone
sinking fund provisions and
other protective features. At
tractive interest return of
Circular on Bequest for DR391
The National City
Company
Offices in, more than 50 qities.
Yeom BIdsr Portland.
Telephone Mala 0073.
ProDertv '
Management
mU fjB
25
A direct
lien on -government
taxes. -
. A country
larger than
United States,
France and -y
United:
Kingdom
Combined
V ' We Offer .our participation
J . $75,000
United States
of Brazil
20-year 8 Extended Gold Bonds
These bonds are NON-CALLABLE
Brazil's national debt is only $33 per
capita one-seventh of our own
LUMBE 2MENS'
jkus t (Bmpany -BAN K
, Broadway and Oak"
American Power
(feT & Light Co.
. of New York
(eontroJs .through stock ownership tha
Portland Gas & Coke Co. and. Pacific Powei A Light Co.) '
20-Year Gold Bonds
Redeemable at 107Kj and Interest First Five Years V
. Price 98 and Interest
' toNet8.15f0; .
Hamburg; 4s ,.',...
Hamburg 4hi
Leipslg 4 lis
Leipsis: 3s . . ........
Munich in
Munich 5s
Russian, 6',-is. 1926 .
Russian 6 s, 1919
French 5s, 1931s.."..
French 4s, 1917 . . . .
French 4s, 1917 ....
French 5s. 1920 ....
Italian 5s, 1918 ....
British 5s, 1922 .'.
British 5s, 1927 ....
British 6s, 929 ....
British vfty 4s
British ref 4s ......
Belgium rest 5s ...
Belgium prem 5s ..
German W. L. 5s . .
Berlin 4s
...18 1
.. 17 . '18
16 18
... 18 20
... 144 18
...18 20
... 7.9
...18 18
... 69 70
.... 55 K 66W
. 55 '-j - 50 'i
...11 .78V4
...45 46
...390 .402
...392 ' 404
...392 ' 404
...313 325
...280 292
...73 76
... 75V4 78
...14 15
... 15 1H
Frankfort. 4 ...
Jap 4s
Jap first 4 Vis ..
Jap second 4Hs
Paris 6s
V K 5V4S. 1921 .
U K 5 Vis, 1922 .
U K ISVss, 1929 ..
U K SVjl, 1937 .
18
67
8Vi
84
98K
99
97 V4
90
85 Vi
Naval Stores.
SAVANNAH, May 16. Turpentine, firm,
61c; sales, 250 barrels: receipts, 513 bar
rels; shipments. 68 barrels; stock. 6936
barrels. '
Rosin Firm. Sales. 694 barrels;
cetpts, 972 barrels; shipments, 2337 bar
rels; stock, 75.108 barrels. Quote: B, 33.65',
D. $4.03; E, 34.25; F, 34.30; G, 34.35; H,
4.40; I, 34.50; K, 35.05; M, 33.31; N, 36.10;
wt. .(: vv, 7.i.
(non-callable)
Principal and interest payable In U. S. fold coin in New York,
These bonds constitute a direct obligation of Brazil and are a
First Lien on all consumption and stamp taxes.
Price 97 Vi and Interest
to Net 8.25:
fcsessiMmBMHaaMnem
T" Detailed circular upon request y"
Robertson ZtWmm
INVESTMENT StCURITItS
207.78 NORTHWESTERN -BANK BlDG.MARSHAU.seii
United States of Brazil
5 External Sterling Bonds
Issue of 1895
Denom. 100, 500, 1000
.A Direct General External Obligation
Free from all Brazilian Taxation. ".
Brazil has -a per capita debt of $33.00 with an annual interest
charge of $1.85, which compares with other nations as follows:
Denmark . .
Canada . ...
Switzerland
Australia ..
..$ 83.65
,; $275.08
,.$ 92.71
.$324.59
Argentine $111.90
Great Britain. .. .$827.29
United States. .'.$227.83
France $1107.95
These bonds are payable in 6terling and contain the statement
that any part of ' issue remaining unpaid from sinking fund on
August 1, 1934, will be paid at par by he Government.
Based on the current rate of Sterling Exchange and this
maturity these bonds will yield approximately
11
Any increase in Sterling Exchange will increase this yield
proportionately. At par of exchange ($4,866) this yield would
be increased to about 13.60.' ..
Price and Complete Details Upon Request
Ralph Schneelogh Company j Bond & Goodwin Mucker
. 1
MUNICIPAL AND CORPORATION: FINANCE
LtlMBERMENS BUILDING
' Portland. Dredqn.
$25,000,000
United States of Brazil
20-Year 8 (Non-Callable) External
Gold Bonds
Doe Jim 1, 1M1,
Dated Jane 1. 1921.
Principal and lnert payable Is New Tork Cliy I;
I nited State srnld coin. Coupon bonds of 3 lOtIO and
500 denominations, rrciaterablo aa to principal.
KicmpI frosa all UrasllUo taxes, present or fatare.
THE BONDS ARE NOT CALLABLE
IN WHOLE OR IN PART
As a Binkfng: fund, the Brasilia! B-OTemmunt T
to provide a sum sufficient to buy $626,000 prinolpal
amount of bonds semi-annually during the lire of the
loan, which payments will be applied by the fiscal
Brents- of Braxll in the United States to the purchase
of bonds la the market at or below 105 and aocrued
interest. ,
DIRECT LIEN ON GOVERNMENT TAXES
These bonds, when sse4, will be a direct Miration
of the United Stateo of Braxll and mill be specifically
secured by a first charire on the. consumption tax
(consumo) and stamp tax fsello), which yleidd, at
the average rate of exchange r 1920. approximately
$58,963,000 last year, and according to present esti
mates, will yield $60,000,000 In 121. also by a second
charge on the government receipts from customs
duties. The total receipts from all the above taxes) In
1920 were $127,769,000.
For further Information ro martTlta or telephone
Broad-way 3171.
UNITED STATES NATIONAL BAKK St'llDINC
cw PORTLAND
tCKAKCEI.il
jtrtt )
HOW LONG
WILL IT UST?
That is the important question
bo be considered in the purchase
of anything and especially about
pavement. Long life happens to
be the one GREAT quality in
"Warrenite - Bitiilithic. Note the
excellent condition of .the pave
ment on Fifth street, Portland,
Or., how passing its 16th year.
......... Ql. I I
7-.-7
II
6
6ot 1 I
-11
H1 .11-
m bin
New syhdicst offering
r i
WE URGE investors to take advantage of the oppor
tunities now available to invest in high-grade securi
ties, and recommend the following:
'
United States of Brazil
Ss, due 1941, to yield
F. I. Du Pont De Nemours & Co.
7s, due 1931, to yield. . . .
Great Northern Railway Co. .
Is, due 1-36, to yield
Northern Pacific-Great Northern
' Joint 6s; due 1936, to yield. ;
Porto Ricah-American Tobacco Co.
8s, due 1931, to yield
; Libby McNeU & Libby
- 7s, due 1931, to yield......
;- Details furnished upon request.
Fl Devereaux 5i(Qmpany
. INVESTMENT BONDS
87 Sixth Street Portland, Oregon Phone Bdy. 1042
United States of Brazil
20-Year 8 External Gold Bonds
Dated June 1, 1921 lne June 1, 1911
Denominations $1000, $500
Principal and semi-annual interest payable in New York In
U.S. gold Bonds non-callable
. The Brazilian Government agrees to provide semi
annually a sum sufficient to buy $625,000 of these
bonds in the market at a price not exceeding 105 and '
accrued interest. The national debt of Brazil is only
about $33 per capita a.9 compared with $227.83 per .
capita debt of the United States. - . f
. As a member oi this syndicate. we offer our allotment, '7
subject to prior sale, at .
97.50 and interest, to net 8.25'
. Wire or telephone orders "celled"
Freeman, Smith & Camp Co.
souh nooa
LUMSIRMENS BUILOIN
riPTM AND STARK
AV S740
POSmJtHB)
bad raANCiacw
r