TnE MORNING OREGONIAN, FRIDAY, MAY 20, 193i
21,
WOOL MARKET TONE
SLOWLY IMPROVING
More Buyers Enter Fiefd and
Demand Is Broader.
shippers. Florins sold on the street t
S3.73j3.85 and today's receipts will prob
ably bring ft. The supply of Oregon ber
ries Is slowly increasing, but unless the
weather Quickly turns warmer it will be
a week or two before there are enough to
be a market factor. Yesterday's receipts
sold at 13 3.50.
World's Shipments Are Large
Wheat shipments last week and in the
same week last year were:
Week Ending-
May 1V21 ilay 15.'20
. 8.454.000 5.316.000
. a.SliS.ooO 11.012.0iW
. 3.1)04.000 536.000
PRICJsOT MUCH CHANGED
Larger Part of Buying In Xortr
west Is in Washington Con
signment Business- Starts.
There la more snap to the wool marks
Inasmuch as more buyers have entered the
field and the inquiry is broader, but other
wise conditions have not materially
changed. It Is the opinion of all well-
, posted wool men that prices are at the bot
tom and when any change in values oc
curs it should be In an upward direction.
The principal activity In the northwest
continues In Washington, where cross-bred
are moving at 10 to 11 cents and fine wools
at 11 Vi to 13 cents. A little eastern Ore
. gon and Washington wool is moving east
on consignment. The price paid for' the
. Dan Smythe clip In Umatilla county is still
a secret, but It Is understood in the trade
that the quotations given out at the time
of the sale were on the landed Boston
basis. The Smyths clip, which amounts to
60.000 pounds. Is one of the finest grown
In Oregon.
A little activity is reported in Idaho and
c In other western sections. The Jericho,
Utah, wool Which was recently offered at
sealed bid sale and failed to move, has
been shipped east on consignment, tt is re
W ported. The best bid for this wool was
36 cents. Last year the Jericho wool
. sold at 71 cents.' A Philadelphia firm pur
1 chased a small clip in Utah, running Tlalf
' blood and shrinking about 03 par cent,-at
r IT cents. A Boston house bought a large
' Nevada clip at 14 to 14 cents and a San
Francisco firm secured another Nevada lot
! it U cents. Compared with last year.
these prices showed a 60 to 70 per cent
? decrease.
f Commenting on the changed methods of
r- operating In the wool market this year, the
, Boston correspondent of the Daily Kews
t. Record says:
"While it 1s certain that a big volume of
wool must this year be handled by con-
' elgnment. it may be possible that eastern
! dealers may be able to gather in a larger
' number of Individual clips by direct pur
, chase. One thing that will work to pre
vent a full and prompt return to a norma
' market is that so many of the growers are
In honor obliged to work out the overad'
'." varices of last year. In many oases, at
least, two years will be required tor a com'
- plete liquidation of these claims. While
that is being done, the necessity of con
- signing to the same parties is apparent.
For this reason, advances this year are
nominal in many cases, sometimes being
barely enough to cover shearing costs.
freight charges or other expenses.
"It is certain that the. organizations and
' agencies built np under war conditions,
will make a desperate effort to keep con
rrol of the business secured in recent years.
Boston wool dealers say that they have
never been unable to get all the wool they
- needed, provided they were ready to pay
going prices tin cash. Money in hand is
often mora attractive than rich promises.
. That this has been exemplified by some of
the pool experiences of the last year has
been recently pointed out by those familiar
with what has been going on."
U. a. and Canada.
Argentina
Australia ........
Totals . . 1B.224.0O0 16.884.000
Shipments for the season to date com
pare as follows:
Total Since Same Period
July 1. '20. Last Season.
TJ. S. and Canada. . .3S(i,081. 000 23. 560,000
Argentina 74.8SU.000 200,1)39,000
Australia 64.S62.0OO 85.250.000
Others 1O.4S2.000 1,842,000
Totals 536.305.000 547,600.000
Storage Butter Holdings Increase.
Local storage stocks of butter increased
21.312 pounds in the past week and storage
holdings of eggs increased 19S5 cases. Total
holdings of dairy and poultry products at
Portland and Seattle follow:
Portland
Butter, pounds ....
Cheese, pounds ..
Eggs, cases . .
Poultry, pounds
Seattle
Butter, pounds ...
Chcse, pounds ....
Eggs, cases
Poultry, pounds . .
This wk. Last wit.
... 50,173 28,861
. .. 72.008 5U,K5
. .. 43,737 41.732
. .. 74.009 75.811
This wk. Last wk.
...127,975 35,175
STOCK MARKET REACTS
IXrUSTRT.Vt AXD TJTIXITY
SHARES SELL. LOWER.
!,U8
... 34,417
: . . l,8o5
68,895
' 31,942
130,180
Bank Clearings.
Bank clearings of the northwestern cities
were sa follows:
Portland
Seattle ..
Tacoma .
Spokane
Clearings. Balances.
..$4,160,479 $770,138
. . 3.!Mi2.Sl 950,370
447, 3S2 53.413
. . 1.479.782 53.033
PORTLAND MARKET QUOTATIONS
Grain. Flour and Feed. -
Merchants' Exchange, noon session.
May.
... 1.40
. .. 1.39
... 1.39
1.31
... 1.32
... 1.30
... 81.50
. .. 31.00
. . 24.50
. . 22.50
. .. 28.00
-Bid-
June.
$ 1.37
1.35
'1.35
moderate amount of
WHEAT STEADY I" THIS MABKET
Price Here Are Tnchanred In Spite of
Advances in East.
There vis no change In wheat condi
Hons here, though there was a good ad
- vance In the east. AH bids at the Mer
chants Exchange were the same as Tuee
.. day and country offers were also reported
unchanged, with
business passing.
The coarse grain trade was quiet. Oats
, and barley were unchanged. June corn
was 50 cents higher on bltT
Mlllrun advanced another dollar. Sup
plies are running low and feeding has in
creased.
; According to Minneapolis reports, millers
there are quoting leading brands of flour
. 20 cents higher.
t John Inglis reported from Belleville,
Kan., on wheat crop conditions: "Thomas,
Sheridan, Decatur. Norton to Phillips, 50
per cent not likely to be cut. Balance
may make some crop; crop generally back-
ward and does not respond to rain and
favorable weather. Eastward, Phillips,
Smith, Jewell, some Improvement, prom-
lsing half crop. Republic county shows
' half crop."
Argentine shipments this week are esti
mated at 1.222,000 bushels wheat. 2,260,000
bushels corn and 350.000 bushels oata
- Terminal receipts, in cars, were reported
by the Merchants Exchange as follows:
Wheat. Bar.Flonr.OataHay
Portland Thnrs. 89 1 10 4 7
Tear ago 15 ... 7 ... 2
Season to date.. 17,337 250 1.120 542 2,365
Year ago 8,195 178 3.804 501 2,143
'lacoma wea. . . . . 02 z
20 ... 2
4.512 51 979 178 27
6,887 84 3,110 176 833
4 ... 2 2 4
2 ... S
.4491 212 B02 45fl 1,413
.07'i 244 1,138 843 1.205
Tear ago
Season to date.
Tear ago
Eeattle Wed. .
Tear ago
Season to date. .
Tear ago
MAKCHUBIAN WHEAT EXPORTS BIG
Balk of Shipments This Season Are for
European Consumption.
The rapid growth of Manchnrian wheat
xports this season Is shown by statistics
Just received from Hongkong. Total ship
' ments through the port of Darien amount
to 14.643.432 bushels pt the crop of 1920.
Exports from the 1919 crop were 1,638,784
bushels of which Japan received 1605.691
bu&hels and Corea the remainder. ln1918
exports were only 808,618 bushels, all of
it going to Japan.
The destinations of the Manchurian
wheat exports this season, in bushels,
were:
Singapore, straits, eta. .......... 158,415
' .Egypt (Port Said) 1... 7,219,337
Great Britain 2,229,214
Denmark ........... 426,657
Netherlands 1.861
Belgium 1S7.SS1
Italy 719,1158
Corea 34,026
Japan J.5S1.M4
United State,. 84.216
31 00
31.00
24.00
22.00
28.00
SI. 50 ,
31.00
July
31.00
31.00
24.00
22 00
27.00
Wheat
Hard white
Soft white
White club
Hard winter .
Northern spring
Bed Walla
Oats
No. 2 white feed.
No. 2 gray
Barlev
Brewing .......
Standard feed .-
llillrun
Corn-
No. 2 E. T. shipment. 31.50
No. 3 E. T. shipment. 31.00
FLOUR Family patents. $R.0 per bar
rel; whole wheat $7; graham $6.&0: bakers'
hard wheat $8.25; bakers' bluestem pat
ents $7.75; valley bakers' $7.25; straights
MILLFEED Prices f. ' o. b. mill: Mill
run, $31 per ton; rolled barley. J38&40;
rolled oats, $40; scratch feed. $31 per ton.
CORN Whole, $38: cracked, $41 per son.
HAY Buying prices f.- o. b. Portlsnd.
Alfalfa, $1811)118.50 per ton; cheat. $22fe23
per ton; clover. $16; valley timothy, $24
25; eastern Oregon timothy, $26.
Covering Movement Steadies Val
ues in later Dealings; Bond
Trend is Irregular.
NEW YORK, May 19. Business on the
stock exchange today was listless, with
a reactionary trend. -
The forthcoming reduction of wages by
the railroad labor board seemed to have
lost Its force as a bullish factor.
Postponement of dividend declaration by
the Hocking Valley railway directors In
dicated that the Question of reduced or
suspended disbursements does not wholly
apply to industrial or miscellaneous shares.
Steels, equipments, motors, sugars and
utilities .comprised the bulk of the other
offerings at gross recessions of one to three
points. feporadlo short covering in the
cheaper oils, tobaccos and International
Paper imparted a measure of - steadiness
to the final dealings. Sales Were 450.000
shares.
Call loans held firm at ner cent.
International remittances reflected the
more nopetul reeling in connection with
the Silesian situation. Demand sterling
rose a fraction over $4 and all principal
continental rates strengthened, notably bills
on Paris and Antwerp.
Liberty bonds were fractionally lower
and tractions also eased, but rails and
industrials' were mixed. Among forelga
issues Mexicans again reacted sharply,
with Irregular advances and declines
among the various European flotations.
Total sales, par value, $9,250,000.
The exchange will be closed Saturday
preceding Memorial day.
CLOSING STOCK QUOTATIONS.
(FumlFhed by Overbeck & Cooke com
pany, Portland.)
Dairy anil Country Produce.
BUTTER Cubes, extras, 25c lb.: print
parchment wrapped in box lots, 30c;
cartons, 31c. Butterfat. buying price: A
grade, 25c; B grade, 23c, Portland deliv
ery. : :
EGGS Buying prices, case count. 17
ISc delivered. Jobbing prices to retailers:
Candled ranch, 21c; selects,' 24c
CHKliSS Tillamook triplets, price to
Jobbers f. o. b. Tillamook, 19c; Toung
Americas. 20c pound.
" POULTRY Hens, 1927c pound; ducks.
nominal; geese, nominal; turkeys, nominal.
PORK Fancy, 14c per pound.
VEAi. Fancy, 133? 14c per pound.
Fruits" and Vegetables.
FRUITS Navel oranges, $3.755.7S per
box; lemons, $3-75415; grapefruit, $3
9.25 per box; bananas, BfelOc pound;
apples, $1.25$3 box; strawberries, $3.75(9
3.50 per crate.
VHGBTABLES Cabbage, 4C5ttc pound;
lettuce, $3.75&4 per crate; carrots, $1.50
per sack; garlic. 20c per pound, beets,
$1.50 per sack; green peppers, 3050c per
pound; rhubarb, 46c pound; spinach.
8c per pound: turnips. $1.503 per
sack: tomatoes, $4 per lug; cucumber
1.752.75 per dozen: peas. 14&16C pe
pound; asparagus, $1.65 per dozen; beans,
20 a 2214 c.
POTATOES Oregon, $1.25sri.so per ion
pounds: Yakima, l.aOSJl.ia; new Callfor
nit, 545Vio pec pound; sweet potatoes.
$4.75 per crate.
ONIONS Oregon, 75cr$l per sack; new
crop, white Bermudas. $2 per crate.
Staple Groceries.
Local jobbing Quotations:
SUGAR (sack basis) Cane granulated.
7.85c per pound: beet. 7.65c per pound.
NUTS Walnuts. 30n39c pound; jsrazu
nuts. 30c: filberts. 12c: a'monds. Z4iu3uc
peanuts, ggyllc per pound; cocoanuta, $1.1
per dozen.
RICE Blue Rose, 6c per pound; Japan
style. 4c ner nound.
BEANS Small white, 4c; pink, 7c
lima. 8c: red. 8c ner oound.
COFFEE Roasted, bulk, in drums, 14 3
6 ttc per pound.
SALT Granulated. bale, $3,4014.23
half ground, ton. 50s, $19.73; lOVs, $19.25
lump rock. $26.50.
DRIED FRUITS Italian prune B
pound; dates, $4.2506.85 per box; figs, $2
(V5.25 per box.
Hides. Hops, Etc.
TALLOW No. 1, 3 to 4c; No. 2. 2U03O
per pound.
CASCARA BARK 1920 peel. 7c pound
1921 peeL 6c pound; delivered Portland.
HOPS 1920 crop, best, 20c per pound.
HIDES Salted country hide 4c deliv
ered Portland: grubby hides. 3c: city ca,
akin 12c; country calf skin 10c; good
in. 6c: grubby kin. 4c.
WOOL New clip, 1018o per pound.
MOHAIR New clip. 16c per pound, de
uverea Portland-
Adams Exp...
Advance Rum.
Agr Chem. . . .
Ajax Rubber..
Alaska Gold..
Alas Juneau..
Allls-Chal ....
do pfd
Am Beet Sug.
Am Bosch ...
Am Can
do pfd
Am Car At F. .
Am Cot Oil. ..
Am Drug Syn.
Allied Chem..
Am Hide & L.
do pfd . . . .
Am Ice
Am Intl Corp.
Am Linseed.'..
Am Loco
do pfd .....
Am Saf Razor.
Am Ship & C.
Am Smelter...
do pfd
Am Steel Fdy.
Ara Sugar ....
do pfd .'....
Am Sumatra..
Am T & T. ...
Am Tobacco..
do B
Am Wool ....
do pfd
do P pfd...
Am Zinc .....
Anaconda ....
Aesd Oil
Atchison
do pfd
Atl G & W I..
Baid Loco...,
do pfd
Balto A Ohio.
do pfd
Beth Steel B.
B R T
Butte C & Z.
Butte & Sup..
La
300
71M
3.000
' 100
200
400
300
"wo
800
700
Ynili
100
"'500
6O0
100
300
2,800
High.
4.114
17
50 bk
31
IS
S614
sS
4BT4
30 i4
125H
20 H
."4i"
12
50 Vi
65 is
48
Low.
45
16
485.
31
1
36 K
38X
4 '
30
124 k"
20 3
"'44 H
12
55 Sa
534
46
400 87 87V4
1,01)0
2)10
1,000
"Y06
1.200
1.0(H)
R.4O0
3.6"0
6.800
1.500
1,600
lo!t
42 U
'3014
91
101
64
105",
127 .
125
77 .
64
10
41
"3V"
Sou;
10014
62
10.-,
124 4
12.114
76
1.400 42 42
100
100
3.5O0
- 4,300
'i.'ooo
'a. 500
100
200
Total
....14,643,432
SWEET BUTTER AT CSCAL PREMIUM
Eggs Are Weak and Dee lining With Outlet
Restricted.
The butter market continued firm and
active with the bulk of the sales of extras
at 25 cents. Sweet butter was in demand
for shipment south and was quoted at
1V2 cents over salted butter. The local
movement in prints dragged and there was
a wide range in quoted prices.
Eggs were weak with only a limited out
let. Bids to country shippers ranged from
17hi to 18 cent
Poultry supplies continued light, but the
high prices ruling now are expected to
result in larger arrivals. Country dressed
meats were slow.
Tear Book Attractive.
The year book of Swift ft Co., covering
the firm's activities In 1920, has Just
been received and like the previous Issues
it is not only a work of art but- is replete
with statistics and other Information bear
ing on the livestock Industry and the mar
keting of products.
California Strawberries Higher.
Strawberries were firmer yesterday be
cause of turner prices asked by California
Provisions.
HAMS All sizes. 30036c: skinned. SI 9
36c: picnic, 18c: cottage roll. 28c.
BACON Fancy, 43o53c; choice, 80a
dtc; standard, ZofiZtc.
LARD Pure, tierces, 16o pound; com?
pound, tierces, 11c.
DKY SALT Backs, 20923c; plates, 16a
Oils.
LINSEED OIL Raw, hi barrels, 99c
five-gallon can $1.14. Boiled, in barrel
Sl.01; five-gallon cans. $1.16.
TURPENTINE In Crum 97c: five-gal
lon cans. $1.12.
WHITE LEAD-r-100-lb. kegs, lie per lb.
COAL OIL Tank wagons and iron bar
rel 17tic; case 30 & 37c.
GASOLINE Tank wagons and Iron bar
rels, 28c; case 40 Sic. -
8A!f FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc.. at Buy City.
SAN FRANCISCO. Mar 19 Vegetables
Asparagu 86-lOc: Italian squash, $1.50
9T1.I-5 crate; potatoes, new, 3it3c lb.;
sweets, Nancy Hall, $5&6; onions. Aus
tralian Brown, nominal: green. $1 85
box; tomatoes. Imperial Vallev. $1.75$v
2.25 per box; celery, nominal; garlic, 63iSc;
bell peppers. lU20c; chili, 13&i"0e: pea
S13c; rhubarb, Alameda. $1.251.73; let
tuce, Bacrameuio, yz.tti'Z.M crate; arti
choke $49 per crate; spinach, 23c;
beans, string. lQ&15c; wax, 1214c; egg
plant, iiiii jjc; sacKee vegetaoies, nom
inal; green corn, 50j; 60c dazen.
Poultry Young chickens. 30iS60c
staggy roosters, 20 925c; old. 1318c; hens
zd(?3dc; quck 2o(03c; geese, zoc: tur
keys, live, 40c; dressed, 4350c; squabs
4dMc fancy; common, $3.50 dozen; old
pigeons, $3 dozen: Belgian hare, live, 20 9
22c; dressed, 256 28c.
Fruit Orange navel, $2.755; Valen
clas, $33.73; lemons, $2.504; grapefruit
$23.75; apple $16 2.50; strawberries. 51
fctiOc drawer. $11.3Q crate: raspber
ries. $1.2591.50 drawer: blackberries. $2.25
b2.30 crate: gooseoerries. 6'uuc: bananas.
8V410c; Avocadoe $3&6 dozen; cherrie
$1.73112.5 Dox. ooc pound; apricots.
$39 3 25 four-basket crate; figs, $2.503
six-layer box; peacnes, $2.003.75 per
crate.
Receipts Flour. 24HO quarters; wheat.
200 centals: barley, 3700 centals; beans,
1630 sacks; corn, 718 centals; potatoes,
142 sacks: onions. 13 sacks hay. ISO tons;
hides; 676 bundles: lemons and orangey
2400 boxes; livestock. 2ti0 head.
Coffee Futures Lower.
NEW YORK, May 19. The market for
coffee futures was generally lower today,
owing to the failure of Rio exchange rates
to hold recent advances and further scat
tering liquidation, partly from Wall street
source The openitvg was at A decline of
4 to 5 points. The close waa generally
2 to 5 points lower. May 5.74c, July 5.83c.
September 6.29c. October 6.45c. December
6.77c, January 6.?Sc. March 7.09c. Spot
coffee was reported in better demand with
prices unchanged at 6H for Rio 7s and
8 to S4 for Santos 4a.
New York Sugar Market.
NEW YORK. May 1. Raw sugar 5.02c
for centrifugal: reiined 6.3th: to 8.60c fox
fine jfranuiaied. - ,
addo Oil
Cal Packing. ..
cai Pet
do pfd . .. .,
Can Pac
Cen Leather. .
Cerro de P. . . .
Chand Motor.
Chi-A JJ W...
AChl Gt W....
do pfd
Chili Cop ....
Chlno
C M St P
do pfd
Coco Cola . . ..
C & O
Colo F & I
Colo So
Colo G & E. ..
Col Graph ...
Con Gas
Con Cigars.. . ..
do pfd
Contl Can ...
Contl Candy..
Corn Prod....
do pfd
Corden OH ...
C R I & P
do A pfd....
do B pfd...
Crucible
ia do pfd
Julia Cane...
110 piu . . . . .
Cuba Am Sug.
Del & Hudson.
Dome Mines..
D & R G ...
do pfd '
Endl Johnson.
Erie
do 1st pfd. .
do 2d pfd..
Fara Players.
Fed MAS...
do pfd
Flsk Tire ....
Gaston Wms..
Gen Cigars . ..
Gen Electric.
Gen Motor . ..
do 6s
Goodyear
Gen Asphalt. . 28.600
2.60O
82
76Si
39 S4
87
'eov.
15
16
81
76 S4
38 34
88 5
'40
'6914
"is"
18
1,000 48 47
1,000
2,400
100
6.800
300
200
200
1,200
200
1.800
1.3O0
100
700
' 200
500
1.4O0
600
900
2,000
3.400
2,200
1,900
"3,06
700
6,900
300
200
100
100
5,200
1,200
'5116
1,600
100
ine
900
200
400
500
800
115
40
115
40
85. 64
19
12
20
29 4
44
39
12
2B
28
43
64 64
36
6014
7
89
36
60 S4
7
88
iy j
71 70
'36 "35'
33 . 33
'76 74 '
19 "18
60
23 22
6s"" "ei'V
14 14
14
-'il
27
16
1
61
137
12
300
1,700
100
600
1,500
200
5,400
1.400
200
200
500
100
400
100
1.400
6.000
1.4O0
2,700
Goodrich
Granby ,.
Gt Nor Ore. ..
do pfd
Greene Can..'.
Gulf S Steel..
Hupp Motor..
Houston Oil.,
Ill Central....
Inspiration
Int Agr Corp.
do pfd
Interboro ....
do pfd
Int Callahan..
Int Har
let Mer Mar.
do pfd
Int Nickel ...
Int Paper ....'
Invin Oil ....
Island Oil ...
Jewel Tea .
K. c Southern.
do pfd
Kelly-Spgfld .
Kennecott
Keystone Tire.
Lack Steel
Lehigh Val ...
Lorillard ....
L & N ...... .
Mackay
Max 1st Dfd..
ao za pin .-
Mex Pet 16.100
Miami 500
Mid States Oil. 6.600
Midv Steel .. 500
M K A T 400
do pfd .....
Mo Pac
do Dfd .
Mont W .
M S StP&SSU
Nat Biscuit...
Nat Enamel...
Nat Lead ....
Nev Con
New Haven...
Nor ft West. ..
Nor Pac
Nov Sco Steel.
N Y Air Brk.
N Y Central..
Okla Prod ref
Ont Silver
Ont & West. .
Otis Steel ....
Pac Oil
Pac G A E. ..
Pan Am Pet..
do B
Penn 1,400
Peo Gas 7.300
Pere Marq.... 1,600
Phila Co
Pure Oil
Pierce Arrow.
Pierce Oil ....
Pitts Coal
Pitts & W Va,
Pr Steel Car. 7
Pullman
v Cons
Reading 3.400
Remington
Repl Steel ...
Rep I & S
4o pfd
Rep Motors...
Ryl Dutch Oil
Rv Steel SDrg.
S O Ind
Sears Roebuck
Shat Ariz ....
72
38
"so"
70
18 ""
13
79
"37 ii"
10
1,400- 50
4
Ji
91
15
15
.72
18
4
14
73
8
27
15
1
60
137
'12
69Ji
87 S
"36"
68
87
12
78
'36
49
.
13
5S4
91
15
65
13
68
18
4
1.200 27 27
2.400
6.000
1.000
1,700
900
' 100
100
700
900
1.100
6,900
200
700
1,800
8O0
5.900
SOO
1.3O0
600
300 N
400
100
3.500
2.700
7.400
1.100
300
1.000
4,800
200
1O0
300
2O0
200"
500
100
8.600
2.900
' 400
45
S2il
15 S4
49
54
157
100
149
23
13
28
22
42
22
57
78
.12
19
98
78
34
70
71
3
44
22
15
49
53
155
100
147
23
13
28
22
41
21
52
77
12
19
97
"1
84
68
71
3
Bid.
45
' 16
49
81
1
36
76
38
46
30
83
125
20
, 6
JS8
55
55 .
4-
3f
87
103
JU
77 it
30
91
100
63
105
1J
323
76
97
34
8
42
99
81
76
89
87i
100
41
50
: 59
12
a
14
16
60
1 8
115 '
40
29
63
66
8
19
J2
26
28
42
20
6S
30
88
69
7
88
38
38
46
1
71
103
3--.
S3
70
66
75
84.
. 1"
59
23
101
19
1
63
14
21
14
73
8
27
16
3
60
137
12
68
10
70
7H
24
29
68
Z4
37
12
iy
90
S
10
49
13
5H
wo
13
55
13
70
18
4
9
01
Tr Contl Oil..
Un Oil Del...
Union Pac ...
Unted Alloy..
Unted Drug. .
Uted Fd Prod
United Fruit..
Uted Rds N J
do pfd
Un Rtl Store
U 8 Ind Al...
U S Rub
do 1st pfd. .
U S Smelting.
U S Steel
do pfd
Utah Cop ....
Va Chem ....
Van Steel ...
Vivandou ....
Wabash
do A pfd...
do B pfd...
Wells Fargo..
West Pae ....
doifd
West Union...
Westh A B. . .
West a E & 11.
West Md
White Motors.
Willys-Ovl ...
Wno prd .....
oolworth . ..
Worth Pump..
W & L E
BONDS.
U S 2s reg 99!N Y C deb 8s...
do coupon. ..99N P 4s
U S 4s reg..104 N P 3s
do coupon. ..104jPac TAT 5s..
Pan 8s reg '77 Pa con 4s ...
do coupon... 77 S P ov 5s
A T & T cv 6s.. 98 So Ry 5s
Atch gen 4s... 76!U P 4s
D & R G con 4s 641U S Steel 5s...
11 10 1X
20.200 25 24 25
900 121 120 120
...... 29
95
1,400 22 22 2
200 111 111 110
10
' 23
4,200 60 69 60
. 800 69 6S 68
6,100 73 72 72
400 101 101 101
200 35 35 85
8.700 83 82 83
2,300 108 107 107
500 57 57 56
8,200 '82 30 31
1,200 84 33 83
600 8 8 8
800 8 8 8
200 23 23 2:i
..' 15
300 67 66
700 30 29 29
67
400 88 88 88
'"'600 '48 "is" 48
700 10 10 10
200 40 ' 40 40
2,300 8 8 8
300 39 38 38
132
400 51 50 51
100 10
JIT
LITTLE IXQUIRT FOR CATTLE
OP. AXX GRADE.
89
75
54
84
85
88
83
80
95
Bid.
Liberty Bond Quotations.
Range of liberty bond quotations, fur
nished by Overbeck & Cooke company of
rortiana:
Liberty 3s. .
do 1st 4s...,
do 2d 4s
do 1st 4s..
do 2d 4s..
do 3d 4a. ..
do 4th 4 us.
Victory 4s...
do 4s
High. 'Low. Close.
.88.06 88.02 88.04
87.20
87.10
87.40
87.08
90.64
87.2
97.58
97.58
. .87.64
..87.24
..90.70
..87.28
..97.70
. 97.64
87.40
87.06
90.62
87.18
97.52
97.54
Only Small Part of Hogs Received
Are for Open Market More
Lambs Are Moved.
The demand for all classes of livestock
continues slow and while there were no
further changes In prices yesterday, the
undertone of the market in general was
weak. Most of the hogs received were on
,contract or came direct to packers. More
than the usual proportion of business was
in the sheep division.
Receipts were 5 calves, 507 hogs and
2035 sheep. The day's sales were as IoIt
lows;
Wet. Price. I Wet. Price.
1240 $ 5.001 o lamos uu e o.ow
.ailiz 8.00 13 lamos. B-'
7.001 15 lambs 5:
8.00 35 lambs
7.001 6 lambs
6.001 12 lambs
4.501 6 lambs
6 001 14 lambs
Mining Stocks at Boston.
BOSTON, May 20. Closing quotations:
Aliouez
Ariz Com . . .
Calu & Ariz.
Calu &. Hecia
Centennial ..
Cop Range...
East tfulte .
Franklin
isle Royalle. .
Lake Copper.
Mohawk ....
22
. 8
. 51
.254
, 8141
. 36
North Butte..
Old Dom
Osceola
kjuincy
Superior
Sup & Boston..
9!Shannon
2 Hi. Utah Con ..
21 i Winona ....
2 (Wolverine ..
62i Gran by Con
10
41
3
1
90
4
45
10
28
Swift A Co. Stocks.
Closing prices, for Swift & Co. stocks at
Chicago were reported by the Overbeck &
Cooke company of Portland as follows:
Swift Co 99
IjlDDy, AlCNeil LtlODV 9
National Leather... 7
Swift International 23
1'IRTHER GAIN IN RESERVE BATIO
Increase of Nine-tenths Per Cent Is, Be
ported by Federal Board.
WASHINGTON. D. C. May 19. Com
bined resources and liabilities of the 12
federal reserve banks at the close of bus!
ness May 18 were reported tonight by the
federal reserve board as follows:
Resources-
Gold and gold certificates $ 325,391,000
Gold settlement fund, federal
reserve board 454,105,000
779,496,000
1,458.619.000
140,701. UO0
Total gold held by banks
Gold with federal reserve
agents
Gold redemption fund
Total gold reserves 2,378,906.000
Legal tender notes, silver, etc 170.228.000
Total reserves . .
Bills discounted,
United States
obligations ...
All other
2,549,134,000
secured by
government
. 774,869.000
1.067.684.000
Bills bought in open market. 81,667,000
Total bills on hand.... 1,924,220,000
United States government
bonds
United States victory notes. .
United States certificates or
indebtedness: 1-year certi
ficates (Pittman act)
All other
Total earning assets
Bank premises
Five per cent redemption fund
against federal reserve nana
notes
Uncollected items
All other resources
25.924.000
23,000
234.875.000
128.U36.000
2,313.078.000
23,12,0M)
11.476.000
580.270.000
12.430.000
Total resource $5,490,480,000
Liab ities
Capital paid in i 102,118,000
Surplus 202,036.000
Reserved for Brovernment
franchise tax avuii.uou
Deposits, government 15.632.000
Member bank reserve account 1,665,517.000
All other 85.493,000
1 steer. .
24 steers.
1 steer. .
22 steers.
4 steers.
21 steers.
1 cow. . .
1 cow . . .
1 cow. . .
4 cows.
1 cow . . '
1 cow. . .
1 cow. . .
15 cows. .
1 cow. . .
4 calves
lcalf...
3. calves
1 calf. . .
2 calves
1 bull...
1 bull...
14 hogs..
15 hogs. .
12 hogs. .
2. hogs. .
5 hogs. .
2 hogs. .
1 hog. . .
6 hogs. .
1 hog. . .
4 hogs. .
2 hogs. .
26 lambs.
12 Iambs.
12 lambs.
12 iambs.
14 lambs.
47 lambs.
6 lambs.
15 lambs.
56 lambsr
19 lambs.
32 lambs.
11 lambs.
8 lambs.
15 lambs.
51 lambs.
8 lambs.
27 lambs.
6 lambs.
lambs
1050
1202
9U2
915
800
1170
1050
912
1530
980
9S0
950
860
6.501
6.50
6.00
140 10.00
130 8.501
173 10.001
220 7.00
120.
800
11110
220
205
107
245
176
90
480
208
420
102
230
65
55
3U
63
67
68
71
60
55
57
65
56
57
55
64
56
57
45
60
6.001 37 lambs
8.001 38 lambs
6.001 50 lambs
5.401 56 lambs
is lamos
4 lambs
89 lambs
22 lambs
1 lamb.
4 lambs
4 lambs
9 lambs
24 lambs
18 ewes.
1 ewe. .
5 ewes.
' 2 ewes.
5 ewes.
8 ewes.
8 yearl.
23
9.
6.50
4.00
9.2.
8.7;
9.25
9.2
9.50
9.30
5.001
9.2.-)
6.
9.
66
66
70
61
66
87
68
62
59
71
55
57
58
70
65
60
62
82
142
110
150
155
118
123
7.25
5.50
7.25
6.50
7.23
7.00
7.00
7.50
6.75
6.75
6.00
7.00
6.30
6.50
4.23
6.30
6.50
S.oa
6. 75
6.73
2.50
3.01)
2.50
3.00
3.00
3.50
5.00
5.00
6.00
5.00
6.00
3.00
5.00
3.00
5.00
5.4)0
5.00
4.00
5.00
5.00
4.00
4.00
6.75
5.73
7.23
sections of the grain belt that have been
clamoring for rain, we believe this ad
vance quite discounts the damage that has
already occurred and believe that a set
back will be seen pending the -receipt of
I adverse crop advices from territories other
than that already covered.
Corn The early strength, In sympathy
with wheat, was of short duration and
the market developed independent weak
ness accompanied by rather persistent
hedging sales and the belief that receipts
about two weeks from now will be quite
large. Receipts were estimated at 100
cars and as the demand was less active.
prices sold off readily and closed about
one cent lower.
Oats Ruled strong most of the day, but
lacked Independent feature. Unfavorable
crop reports were offset by easiness in the
local cash market, where the cash trad
ing basis was reduced about half a cent.
Country offerings to arrive were reported
quite liberal.
Rye The leading buying of July was
on the breaks. Cash rye wrs higher with
sales of No. 2 en track at halt a cent
over May.
Leading futures ranged as follows:
WHEAT.
Open. High. Low. Close.
M.v... X 1 4ft f 153H I 1.47 8 1.52
July... 1.10 1.20 116 1.19
July...
Sept. . .
July..
Sept..
May. .
July..
High. Low.
$ 1.33 $ 1.47 I
1.20 116
CORN.
.61 .59 V
.64 - .62
OATS.
.30 .SS
.40 .39
.
.63
.39
MES3 PORK.
.60
.63
.SR
.39
17.S0
17. 30
yearl. 120
11 yearl. US
1 yearl. so
16 yearl. . 80
15 yearl. 68
6.501 18 yearl. 81
5.00 7yearL 67
5.75j 7 yearl. 311
6 50 1 yearl. 100
7.001 3 yearl. U3
7.001 4 year!. 75
6.751 2 yearl. 93
5.751 3 yearl. 86
6.751 20 yearl. 83
5.501 1 yearl. 80
6.001260 yearl. 92
6.23I2U3 yearL 9:1
6.001 lhog.. 350
5.001 2 hogs. 105
7.251 lhog.. 220 9.25
5.001 1 lamb. 60 6.50
7.251129 lanius. 60 6.50
6.30j 5 ewes. lid 1.50
7.251 33AWCN. 1.15 3 00
livestock prices at the local yards fol-ow:
Choice steers $8.25 8.50
Medium to rood steers 7.50 fri K 3
Fair to medium steers 6.75) 7.50
Common to good steers 5.75a 6.75
Choice cows and heifers 6.259 7.00
Medium to good cows, heifers. 5.75 in 6.3
Fair to medium cows, heifers. 5.25& 5.75
t-ommon to lair cows, heiiers.. 4.20 ip 3.25
manners
Bulls
Choice dairy calves
Prime light calves .
Medium light calves
Heavy calves
Best feeders
Fair to good feeders
Hogs
Prime light
Smooth heavy, 250 to 300 lbs. 7. Sofa) 8.50
Smooth heavy, 300 lbs. and up. 6.500 7.50
rtouKQ neavy .
Stags
Fat pigs
Feeder pigs ...
biieep
Prime lambs ..
Fair to good ..
Cull lambs ....
Feeder lambs .
Light yeralings
Heavy yearlings
Light wethers .
Heavy wethers
S T.iB 4.-JS
3. 50 ryl 5.50
9.5010.00
9.00 9.30
6.U0'g) 9.00
3.00(a) 6.00
6.25 if 6.75
5.759 6.25
9.25 9.50
6.00(a) 7.50
4.00(8 7.50
9.00 (61 9.50
8.509 9.50
July..
Sept..
July.
Sept
9.70
10.00
10 00
10.27
! yel
:. .... T
LARD.
..13 T0 IMS
8.82 10.00 0.83
SHORT RIBS
90 10.00
10.20 10.27 10.20
Wheat No. 2 hard. $1.59 01.81; No. 1
northern, $1.55.
Corn No. 2 mixed, 5059c; No.
ten c S CflS.'
n.!Z5 a Tw'hlte. .38 39c; No. 3 white.
37 38 Vi c.
"'ytlNo. 2. $1.411.42.
Barley 56 68c.
Timothy seed $4. 50196.
Clover seed $12 18.
Pork Nominal.
Lard J9.40.
Rubs $9. 50 fillQ.50.
Car Receipts of Grain.
Car receipts were-as .follows Minneap
olis: Wheat, 172: corn, eight vs. two; oats.
19 vs. 10: barley. 27 s. 36; rye, seven vs.
25. Omaha: Wheat. 62 va : ""-- '.j
28: oata four va 24. Duluth: Wheat. 84
30: corn, four; oats, one, rj. -
Louis: Wheat, 38 vs. 43i corn. 28 vs. 41
oats, 36 vs. 33. Kansas vy-
s. 107; corn, 19 vs. la; oats, ...
Minneapolis Grain Market
MvNEAPOL18. May 19. Barley,
60c Flax. No. 1. Il.on
Wheat May, 11.11;
CAREFUL INVESTORS should pur
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.
Eldest
IN THE
ORTHWESI,
tVitvti it rtnrrw irsj H
TRAEVXiOlD OOM.IXG FROM
MIDMJE WEST IX JVXE.
I commission composed of the lending
i business men of the community, fur
j the purpose of buying up available
lands or obtaining- options upon them,
under terms that will permit settlers
to make good.
469
1.91.
July. $125.
Total deposits 1.716.642,000
Federal reserve notes in ac
tual circulation 2,767,415,000
Federal reserve notes In cir
culation, net liabilities 147.766.000
Deferred availability items.. 491.004,000
All other liabilities 2a.487.000
18 19
Shell T & ....
Sinclair
Sloss Shef ...
So Pac
So Ry
do pfd . . ... ..
St L & S F. ..
trnm Carb...
Studebaker . . .
wirt &. Co
Tenn C & C. .
Texas Oil ....
Texas Pac ...
Tex P C 4 O
Third Ave ...
ToO Prod
3.100
100
' 1.100
5.100
" 8.006
700
200
1,700
200
14.800
'i.Voo
6.800
3.700
1.900
100
8,500
88
56
67
61
35
54
23
33
34
29
10
'0
8414
101
14
72
65
89
'78
7
m
"77
22
'25"
38
80
'io
38
26
28 '
S7
55
66
60
84
61
22
33
33
28
10
'30"
84
101
i44
71
'si"
6.1
88 '
'77"
7
45
26
'77"
21
'24
35
78
"9
27 $
67 66
4."
23
15
49
54
156
100
5
5
2
14K
23
13
27
2
4
22
42
21
70
113
54
77
12
19
97
72
68
71
I
18
13
37
54
66
60
84
61
22
32
83
28
30
62
30
84
101
14
72
35
27
57
89
17
64
88
75
77
J"
26
40
77
21
52
24.
38
78
99
8
.18
25 .
27
86 a
Total liabilities $3,490,480,000
Ratio of total reserves to deposit an
federal reserve note liabilities combined.
56 8 ner cent.
Ratio of gold reserves to federal reserve
notes in circulation after setting asiae a
ner cent against deposit uaoiuties, iu.
per cent.
Money. Silver, Etc.
NEW YORK. May 19. Prime mercantile
paper, 67 per cent.
Time loans Steady, 60 days. 90 days.
1t months. 6 Der cent.
Call money Firm. High, low, ruling
rate, offered at and last loan, 7 per cent
closing bid 6 per cent
Bar silver, domestic, 99; foreign 58
Mexican dollars, 4oc.
LONDON, May 19. Bar silver, 33 d
per ounce.
Monev. 5 ner cent.
Discount rates, short bills, S per cent.
Foreign Exchange.
Foralrn exchange rates at close of busi
ness yesterday, furnished by Northwestern
National bank of Portland. The amount
quoted is the equivalent of the foreign
unit In United States funds:
Country Unit.
Austria, kronen
Belgium, francs
Bulgaria, leva
Czecho-Slovakia. kronen ...
Denmark, kroner
England, pound sterling....
Finland, finmark
France, francs
Germany, marks
Greece, drachmas
Holland, guilders
Hungary, kronen
Italy, lire
Jugo-Slavia, kronen
Norway, kroner . ...
Portugal, escudos
Roumania, lei
Serbia, dlnara
Spain, pesetas
Sweden, kroner
Switzerland, francs
ehlna Hongkong, local currency.
Shanghai, taeis
Japan, yen il
Rate.
..8 .0032
. . .0S92
.. .01
.. .01
.. .1840
.. 4.0125
.. .02:13
.. .0SSS
.. .0174
. . .or.s;
.. .3013
. . .00.13
. . .0504
. . .0081
.. .1605
.. .0063
. . .0184
.'. .0325
. . .3387
. . .2380
.. .180S
.492.1
.6.-.2.1
.4875
NEW YORK, May 19. Exchange lrregu-
i.r stf-rliiie. demand 84.00. caoiea
$4.00; francs, demand 8.75. cables 8.77:
Belgian francs, demand 8.73. cables 8.75;
guilders, demand caoiee ao.u-: lire,
demand 5.55, cables 5.57; marks, demand
1 65, cables 1.66; Greece, demand 5.70;
Sweden, demand 23.73; Norway, demand
ik on. a inline, demand 31.37: Brazilian.
demand ia.75; Montreal, 10 per cent dis;
count.
Foreign Bonds.
Foreign bond quotations furnished by the
Overbeck & Cooke company of Portland:
Bid. Ask.
Russian 5s, 1921 38
Russian 5s, 3926 6
Russian 6s. 1919 15
French 5s. 1931 69
French 4s. 3917 54
French 5s, 1920 79
Italian 5s, 1918 45
British 5s. 3922 398
British 5s, 1927 30.1
British 6s. 1929 38
British vky 4s 312
Belgium rest 5s 75
Belgium prem 5s 78
German W. L 5s 13
Berlin 4s. '.
Hamburg .4s....
Hamburg 4s. .
Leipelg 4s....
Leipsig 5s
Munich 4a
Munich 5s
Frankfort 4s....
Jap 4s
Jap 1st 4s....
Jap 2d 4s
Paris 6s
V K 5s. 1921..
V K 5s, 1022..
U K 5s. 1929. .
U K 5s. 1937. .
15
. . 16
.. 37
.- 35
.. 17
.. 16
.. IS
.. 37
.. 68
.. 84
..84
.. S
.. 90
. . 97
..91
. . 85
18
8
17
70
56
80
46
410
404
404
324
77
80
15
16
37
18
17
19
18
20
19
69
S3
85
98
100
97
91
86
Dried Fruit at New York.
NEW YORK, May 19. Evaporated ap
ples, nominal; prunes, quieter; peaches,
quiet. ' '
Cotton Market.
NEW YORK,-May la. Spot cotton quiet.
Middling, L2.1&C. , .
f
T.0O 7.25
6.00(a) 7.00
4.50'(i 5.50
3.(HIt 4.50
5.00 6.00
4.50gl 5.00
.ovw -o.uu
3.50a 4.50
Ewes 1.00 4.25
Chicago Livestock Market.
CHICAGO.. May 19. (United States Bu
reau of Markets.) Cattle Receipts 8000.
Beef steers steady to strong. $9.75 bid;
too matured steers. $9.25, bulk $S8.85,
others mostly steady; bulk fat cows and
heifers, $67.50; bulls, large $5.256.25;
veal calves, mostly $S.509.25.
Hogs Receipts 25,000. Lights about
steady, others strong to 10 cents higher
than yesterday's average; top, $8.85, bulk
58.25 fr 8.70; pigs 1 steady to strong, bulk
desirable l8.0OJiS.75.
Sheep Receipts 12.000, very slow. Lambs
steady to 25 cents lower, sheep 25 to 50
cents lower; shorn lambs, top early, $11.75;
sales wooled lambs; native springs,
$136.13.75; few ewes. $66.50. .
Kansas City Livestock Market.
KANSAS CITY, Mo.. May 19. United
States Bureau of Markets.) Cattle Re.
ceipts 2700. Beef steers active, steady to
15 cents higher. Top, $8.75, other sales
$6.75 8. 50; stockers and feeders weak,
other classes around steady; best vealers
to packers, $8; oad cows, $6.507, bulk
$5JT56.
Hogs Receipts 6500, unevenly steady to
10 cents higher than yesterday. Best
lights and mediums to packers and ship.
pers, $8.35, bulk of sales $sro8.30; pack
lng sows and pigs steady, closing with ad
vance lost.
Sheep Receipts 8500. Sheep steady to
25 cents lower. Texas wethers, $6.75,
most sales $5.606.73; lambs steady; no
choice aged lambs on sale; native spring
ers, $12.
Omaha Livestock Blarket.
OMAHA, May 19. (United States Bu
reau of Markets.) Hogs Receipts 12.000,
mostly steady to 10 cents lower. Bulk
ISO to 240-pound butchers, $8.158.40, top
IS. 50; bulk butchers, 2o0 pounds and over.
$7.808.10, packing grades $7.507.75.
Cattle Receipts 4000. Beef steers steady
to 25 cents lower. Bulk steers, $7.35
8.25, top $9 on yearlings; she stock steady
40 15 cents lower: bulls weak to 25 cents
lower; other classes generally steady.
Sheep Receipts 6000. Killing classes 25
and 60 cents lower. Top California spring
lambs, $12.75, natives $12.50, clipped lambs
111.25: wooled yearlings, iu.su. cupped
yearlings $9: wooled ewes, $i.5U; few feed
ers included.
Seattle Livestock Market.
SEATTLE, May 19. Hogs steady; no
receipts, quotations unchanged. Cattl
weak, receipts 61, quotations unchanged.
Winnipeg Grain Market.
WINNIPEG, May 19 . Wheat Max
$1.86; July, $1.60 : OCtoper. vs.
Grain at "San Francisco.
. ... poiMnsrn Mav 10. Grain
Wheat-Feed. t2.10P2.30: milling 82 .20
2 35: corn, white Egyptian. $2.20 2 3t.
red milo. $1.902.05: barley, f.ed. $l-miw
1.23. shipping, $1.3UWl.i; au,
$1.50 1.60.
Seattle Grain Market.
SEATTLE, May 19. Wneat..?"a
hite. soft white, $1.37; white club, $1.30.
r.A wlntur 11.33: soft red winter.
northern spring, eastern red Walla, $1.32
m k naefam XI 411.
City delivery Feed: Scratch. $50; baby
scratch feed. $67; feed wheat. $54; all
grain chop. $42; oats. $39: rolled oats, Mt.
sVrout oats, $44; whole barley, $39; to ed
4i: cliDDed barley, $46; milled
feed. $30; bran. $30; whole corn, $
...J . iO
cracaeu wm, .-- . .
H Alfalfa. $24. Double compressed
.U.K. t:ti- iln. timothy. 3: eastern
Washington mixed, $30; straw, $24.
State Chamber of Commerce and
rnion Pacific to Co-operate In
Showing Oregon Lands.
July 19 is the date when the first
trainload of homeseekers from the
middle west will start from Omaha to
Oregon, according to announcement
by the executive committee of the
state chamber of commerce following
receipt of a telegram from William
Hanlcy from Omaha. This date was
selected by the beads of the agricul
tural department of the Union Pacific
system at Omaha and confirmed here
by the executive cpmmittee of the
state chamber.
Hanley, as a director of the state
chamber, is in Omaha with J. R.
Heuringr,' colonisation expert, who is
working with Union Pacific officials
in grouping homeseekers to be
brought to Oregon in a body. The
agricultural department of the Union
Pacific will swing its forces into the
drive to send settlers to Oregon, It
was announced.
Following notification as to results
of the conference in Omaha, Secretary
Quayla of the state chamber sent out
letters to each commercial organiza
tion of the state, urging them to pre
pare for the coming of the settlers.
first, by obtaining listings of lands
in their districts at prices based upon
careful appraisal, and second, to form.
If possible, a corporation or financing
Auto Leaps Over Embankment. ,
KAL-A1IA, Wash., Slay 1J (Spe
cial.) A party of young folk nar
rowly escaped death Saturday night
when the automobile they were rid
ing in skidded over the highway cm
bankment near a bridge about four
miles from Kalama. The car was
driven by William Strange of this
city and the young folk were return
ing from a danco at Shanghai.
Bond Placed at $1000.
CHEHAL1S, Wash.. May IS. (P)e
clal.) If. Harper, a well-known for
hlre car driver, has been Informed
against In the Lewis county superior
court direct on a charge of having
liquor lu his possession. Judge
Reynolds fixed Harper's bond at
$mon.
BREAK FAILS TO COME
WHEAT MARKET DOES XOt
TAKE EXPECTED OOCRSE.
Chicago Closes Higher Xotwith-
siantling Passage of Anti-Pit Bill
. Through Illinois Senate.
CHICAGO, May 19. Wheat advanced
sharply today, upsetting predictions that
the market would undergo a big break.
Passage of an anti-pit bill through one
branch of the Illinois legislature failed
to have much Influence on values, being
far outwelEhed by crop damage reports.
The market closed strong, 1 hit to 4H cents
net hieher. with May Ji.oa to si. 03 ana
July $1.19 to $1.20. Corn finished cent
to iu cents down, oats 011 to ft ceni
and nrovlsions at gains of 2V4 to 30 cents.
It took only a minute to demonstrate
that there was to be no unusual setback
in wheat- The extreme aecnne or -itt
cents had scarcely been reached before ths
market began to swing, upward with a
rush. Most traders took the position that
the anti-Dit bill was still a long way from
enactment and had been chiefly effective
for the time being as affording a good
opportunity to buy. Knowledge that field
scouts were sending in bullish reports from
th mithwest added greatly to the cour
age of buyers, although word of rains in
Kansas lea ai one umo w u.uaiwu uo
line. Houses with seaDoaro connections
bought freely and the market closed at
almost the day's top.
Favorable weather and news that corn
planting showed rapid progress kept price
for corn and eats tending downward most
of the session.
Provisions were nrra m no wim nogs.
The Chicago market letter received yes
terday by the Overbeck 4 Cooke company
of Portland said:
Wheat The strength displayed this
morning was contrary to the opinion ex
pressed late yesterday that the action at
Springfield would Iiave, a depressing in
fluence, but at the same time It was not
entirely unexpected, as overnight crop re
ports were extremely pessimistic tin tne
advance, news seemed to turn bearish,
especially from the southwest, where ben
eficial rains occurred and iargtr country
offerings to arrive were reported, but up
till the cloe there was no business con
firmed, Willi showers predicted for e
Ttulntta Linseed Market.
DCTLTJTH, May 19. Linseed on track
and to arrive. 81.87.
ornTiTlflSIs ON DAIRY PRODUCE
Market Prices, Ruling on Butter. Cheese
and Kggs.
SAN FRANCISCO, Cul., May 19. Butter
Extras, 34c; prime Iirets, nominal
Eggs Fresh extras, 24Vic: extra firsts.
24c: firsts nominal; dirties, 22c: extra
pullets, 20c; undersized pullets. 15c.
Hooka Flats, fancy. 15c: flrets. nom
inal; Young Americas, fancy, IStec; first
nominal.
CHICAGO, May 19. Butter Lower.
Creamery extras. 28c: firsts. 2326c; sec
onds, 1821c; standards, 27i4c.
fcggs L,ower. Receipts, raw..
firsts, 10&20c; ordinary firsts, n B
ISc; at mark, cases Included, lSV413o;
standards, 20c. .
NEfW YORK. May 19. Butter .Un
settled. Creamery higher than extras. 29f(i
29ViC; creamery extras, 3Sisc firsts, 24fc
U 28c.
Eggs Unsettled. Fresh gathered 'extra
firsts, 23824c; firsts, 20te22V4c.
Cheese Unsettled. State, whole milk
flats short held specials. 16Uj17c; state
whole milk flats fresh specials. 15616c.
SEATTLE, May 19. Eggs Select local
ranch white shells, 242c; do mixed
colors. 22&24c: pullets. 19'i20c.
Buttercity creamery cuoes, zuc; ericas
or prints. 30c; country creamery extras,
cost to jobbers In cubes. 25o.
Metal Market.
NEW TOBK. May 19. Copper, steady.
Electrolytic, spot and nearby, 13 li 0 13 c;
futures. 136lSttc
Tin. easier. Spot and nearby, 83c; fu
tures, 83c
Iron, nominally unchanged.
Lead, steady. 'Spot, 5c.
Zinc quiet. East S Louis delivery,
spot 4.854.90e.
Antimony, 6.25c.
Naval Stoi'es.
SAVANNAH, G, May 18. Turpentine
firm. 59ffl59ttc. Sales 200 barrels; re
celots. 330 fcuxrels; shipments, 475 barrels;
stock 7367 Darreis-
Rnain Firm. Sales. 895 Darr;
rint. 1092 barrels: shipments, suu
stock, 74.183 barrels. Quote: B, $3.60; D,
$4; E. $4.20; F, G. $4.35; H, $4.40; I. $4.50;
K, $5: M, $3.60; is. o.Jt; wu. so.dj, v s.
$7.
LUMBER OUTPUT BEHIND
115 Mills 01 West Coast Produce
2 8 Per Cent Below Normal.
SEATTLE, Wash., May 19. Lumber
production or 115 mills of the West
Coast Lumbermen's association to
talled feet, which Is 28 per
cent below normal, according- to the
weekly bulletin of the association is
sued today. .
Shipments totaled 68,193.3 v ieei,
the report showed.
Phone your want ada to The Ore-
gioriii a tv Main vuu, ftmuni 'rir
DAILY METEOROLOGICAL BEPORT.
PORTLAND, May 19. Highest tempera
ture, 60 degrees; lowest, 51. River read
ing, 8 A. M., 17 feet: change In last -4
hours, 1.2 feet rise. Total rainfall (.1 P.
M. to 5 P. M.J, .02 Inch; total since Sep
tember 1, 1010, 44.57 Inches; normal, 41.40
inches; excess, 3.17 Inches. Sunrise, 4:84
A. M.; sunset, 7:41 P. M, Total sunshine,
3 hours and 47 minutes; possible sun
shine, 15 hours and 7 minutes. Moonrise,
tt:4 P. M. Friday; moonset, 4:43 A. M.
Saturday. Barometer reduced to oa
level), 5 P. M.. 20.68 inches. Relative hu
midity: 5 A, M., 63 per cent; noon, W per
cent; 5 P, M., U3 per cent. '
TKB WEATHER.
STATIONS.
Baker ,
finite .
Boston
Calgary
Chicago
Denver
Den Moines. .
Eureka
Galveston ..
Helena
Juneau
Kansas City.
Los Angeles.
Marshfieid ..
Minneapolis .
New Orleans
New York...
North Head
Phoenix ...
Pocatello ..
Portland ..
Roseburg ..
Sacramento
St. Louis ..
Salt Lake..
San Diego. .
San Fran...
Seattle .
Sitka
Spokane ...
Taconi , . . .
Tatoosh . . .
Valdes
Walla Walla
Washington
Winnipeg .
Yakima
3sT;i o
"I a-S 2- s
53 r- g
44t S4 0.2X1. . IRain
4l 52 o.as. . 8 Rain
SJ 611 0.UO1. .'SB FU cloudy
42 74 0.(11110 SE Pt. cloudy
Mil 8(10. hi I2 S flfar
4X1 .x 0.0012 sw cior
KO 8I!0.(H1 I'S Clear
4x 5s o.oo r.' sw ciouiiy
2 "S O.OlijlOISB Clear
4H 6ti (1.721. . K Cloudy
42 tJM 0.02i. .V Kaln
f.2 84 0.00110 SB Clear
,'i2! B4 0.001. . IW Cloudy
4I 62 0.0S.10 SW Cloudy
.',21 f)2,0.0418 S Clear
B8 So O.00I. . SB Clear
fid "oo.0u'20'K Clear
4.4 B4 0.04 14 SW Cloudy
Weather.
Yields g'
To .'..."
GoldBoncte
Government of
Newfoundland
Duo 1936.
yS.!!:L,7
Canadian Provincials 1
Province of Due.
Alberta 6s......1922
British Col. 6s. ..1925
Manitoba 6s ....1925
Saskatchewan 6s..l923
Yield.
7.50
7.60
7.50
7.50
City of Montreal
6 Bonds
Due 1923 Yield 8
Only limited
amounts of any issue.
Bonds ready for delivery.
LUMBERMEN 5
Broadway and Oak
Sxl 52 0. 24:. .
m en'o.nji. .
so o n.ool..
4x! 82 ().ol. .
84 0.00112 -S
40 r4 o.io . ..r
521 62 Q.0O W W
501 5S J.O0H2ISW
48 .V. 0.00,12 s
..It40 .
50i 64 0.00 12 SW
4X 8X 0. 00 . .iSW
4X 50 0.22 . . SW
tso o.nol. . 'sv
6S 0.0112 S
7X0.00110 8
4(i 70 0.00112 N
54 7(1,0.001 . -N
SW iClourty
IS Cloudy
NW Cloudy
Cloudy
Clear
Cloudy
pt. cloudy
Cloudy
Kaln.
Clouay
Kain
Kaln
Cloudy
Pt. cloudy
Klear
Cloudy
Cloudy
A. M.
Ing day.
today; tP. M. report of preced-
FORECASTS.
Portland and vicinity Occasional rain:
winds mostly southwesterly.
Oregon Occasional rain; wind, moder
ate, mostly southwesterly.
Washington Rain; cooler east portion;
iriolorato we.ster'' wln'l.
We own and offer:
Government
Municipal
, Provincial
BO N D S
at prices
to yield from
6 to 8
Ask for details-
Commerce Mortgage
Securities Company
Ground Floor
Chamber of Commerce Bldg.
91 Third Street
Phone Main 3067
as uh iikik h a mamu m a
Bonds
r.
IMPROVEMENT
PROVINCIAL
SCHOOL
WATER
(o yield
6 to 8.50
Western Bond &
Mortgage Co.
Main 113 80 Fourth St.
Board of Trade Bid.
Ground Floor.
TEXT BOOK
OF
WALL STREET
A 40-page book (copyrighted)
discussinp; clearly and unmis
takably rules governing stock
market transactions:
MMkoila ( Tradlna-.
Comralsalon ftatr.
lion to Open an Account,
anffrarntlua: Onra Income. '
Depnftlt Itrqilfrenrttla for Car
ring Stuck o Account.
Dictionary of Vail Street.
Dl'tnry of the m Vorlt Stork
aCzcbanae.
Hlatory of the Nety York C arb
Market.
' Forelica Exchange.
And many other nhjretn of In
tereat to lneturs and otock
traders.
Copy free upon, reqeeet.
McCall & Riley Co., Inc.
20 Broad Street New York
WHO IS RESPONSIBLE?
Correct construction of hiph
ways of proper type taking
into account every condition is
of first importance to every
community, and when this Is not
dooe high taxes is one of the
many bad results. The com
munity individually and col
lectlvely can beet meet such re-,
sponsibilitiee by specifying the
durable and resilient type of
pavement known as Warrenite-Bitulithic.
Porto Rican
American
Tobacco Company
8 Gold Bonds
Due 1931
Sole funded debt of the com
pany, tafecuarded by- strong
1 1 akin e fund provisions ami
other protective features. At
tractive interest return of
874
Circular on Request for 0R3I1
The National City
Company
Offices In more than 50 cities.
Yeoa Hide., Portland.
Telephone slain 0072.
NOTICE TO CONSIGNEES
rr.Tim IS HKREBT GIVEN TO CON
SIGNEES holding bills of lading eovtrInK
frpiEht due to arrive imm ni""in"
per ste.mrrs "ANNA K. MOUSE" and
EmfuvMnii r MORSE" that possession
ot these vessels having- been taken by the
United Stnts Shipping Board, represent
ing the United states of America, full
freight chrps without discount, remain
ing unpaia at v.
payable to. and will bo collected by ths
United States Shipping Board, or by Its
appointed agents. McCormlck & MrPher
son, represented in Portland by Columbia-
Pacific ohtpping company, lur lue sicniner
ANNA K. Atunr.. anp xsorm Atlantic
: Western Steamship company for ths
etiamer "CXEHKNC'li U. HOKSK "
LillAii ct.iA.iJ sairriM itaui
HERRIN & RHODES, Inc.
(Established ISM)
BROKERS,
MEMBERS CIIir(iO BOARD Or
'1IIAUE.
Correspondents, t'-. H. IH'TTOI at
CO. llembera Mew York stock K.
riasse. Private l.raaed Wlrea
Direct ta All krcarlly and Co.
noil It y Markets.
LIBERTY AND VICTORY BONOS
lioUCUT AND SOLD
MAIM SKI and 2H4
201-9 HA1LW A V EACH. BLDO,