!J1
TIIE 3I01.XTCG OREGOXIAX, TUESDAY, MAT 24, 1921
STOCK COURSE IS UNEVEN
E
loupes and watermelons U estimated at
13,000 carloads.
The first California peaches made their
appearance and were quoted at $3.50 a box.
GRAIN
BUYERS
ARE OUT
OF MARKET
Confidence in Stability of High
Prices Lacking.
DAMAGE REPORT DOUBTED
Reaction Due If Statements of Loss
Prore to Bo Exaggerated Bids
on Local Board Unchanged.
The grain trade here apparently does
not have full confidence in the present high
price of wheat, as most of the large buy
ra were out of the market yesterday, a.
though they bought freely on Saturday.
The opinion was expressed that the mar
ket Is at or near the top, as based on re
ports of crop damage in the middle west
and that the big advance to date has more
than discounted all the Injury done to
winter grain. It Is also believed in sora
quarters that the reports have been ex
aggerated and if the crop does not prove
to have suffered the loss asserted by some
ef the experts, a considerable reaction is
likely to follow. There were indications o
: this course In the Chicago market yester
day where closing prices were materially
below the high point of 'the session.
At the Merchants' Exchange, the on
wheat bids posted were on hard white, soft
white and white club and they were un
changed from Saturday at 11.41. The for
eign demand was reported slower. It- was
announced in the east that the. Greeks
were unable to arrange suitable credits.
The coarse grain market was also quiel
(May corn was down 25Si73 cents and oats
and barley were unchanged.
John Inglis reported from -Hastings,
Neb. :- "Wheat prospects are better than in
Kansas or Oklahoma. Find better growth
and color. No lack of rains. In fact, there
is some danger to the crop if rains con
tinue."
Snow wired from Belleville, Kan.: "After
700-mile trip through best producing die
tricts found wheat has gone back mate
rially. Should weather prove In the least
unfavorable a large percentage of area
wlil collapse entirely. There are some
sections that still look good. Think 100,
000. 000 bushels the maximum for the
state. Offering 11.35 Saturday and old
wheat farm deliveries very heavy."
Terminal receipts. In cars, were
ported by. the Merchant's Exchange as
follows:
0
Portland
Monday
Year i?o ....
Season to date 1
Year ago .... 8.S33
Taroma
Saturday .... 14
Year ago l':t
Season to date 4.5.0
Year aco .... e.tfiu
Seattle
Saturday ..
Year ago .... ....
Season to date 4.40.1
Tear ago.... 6,005
Wht. Br!y. Fir. Oats. Hay
- a 1- 6 J
1 23 13
2r.4 10.37 550 2380
179 SS48 495 1!1S
1 11
51 9S3 '
i 3134
It
6
513
1148
213
244
1RO
176
466
643
827
823
1427
1214
BCTTEB STORING DELAYED IN EAST
Current- Quality Not Good enough for
Speculative Buyers.
Active storage demand failed to appear
In the eastern butter market until Frl
day, the only outlet being consumptive
trade on account or quality not being good
enough to store and the opinion that stor
age prices must go lower, resulting in
weak and, unsettled markets- and - daily
declines in prices until Saturday. . More
storing was done by Friday than hereto
fore, clearing the market somewhat. It
looks as though the bottom has been
reached. June butter on the Chicago board
went to 26 c. recovering to 27 He Friday.
New York has been the weakest market,
but there is a better interest in fancy
creamery and fine centralized cars. Re
celpts were about the same as the pre
vious week, some sections showing in
creased production and others showing a
slight shrinkage. There is no. news on
Danish butter.
Trading was aotlve all week at San
Francisco and demand continued good
both for local needs and from the south.
Four cars were shipped to San Diego and
Los Angeles during the week. There was
a general downward tendency In prices
Monday and Tuesday and the large re
ceivers sold freely and appeared anxious
to keep prices in line with the falling
eastern markets. The strong demand from
the south and decreased receipts forced
prices up again and 92 score showed only
He loss for the week. Some Oregon butter
reached San Francisco, but most of it
was forwarded south. Dealers expect east
ern butter if present prices continue and
outside markets continue to go lower. Cold
storage holdings for the week increased
118.45V pounds, but are 130.887 pounds
lighter than last year. Receipts from Mon
day to Friday showed a decline from the
previous week of 64,261 pounds, the light
est since the middle of March.
WEATHER- TOO COOL FOR APPLES
Large Crops Not Expected In Eastern
Slates; Potatoes Are Delayed.
Crop conditions throughout the country
are reported by the weekly summary of
the weather bureau as follows:
Fruit Apples are blooming in the north
ern section of the country, but the weather
has been too cool to favor good pollination.
The crop of nearly all fruits, especially
stone fruits, will 'be very small in most of
the central section or latitude, due to the
repeated heavy freexes, although late ap
ple blossoms have set some fruit. Good
peach and apple crops are expected in
Colorado and the outlook for all fruit Is
promising In Washington. Peaches are
being marketed in carload lots from Geor
gia and carloads of cherries are being
shrpped from California. Rain is badly
needed in the citrus belt of Florida
Potatoes Irish potatoes in the central
section of the country have generally re
covered from early frost damage, and
many favorable stands are seen. Culti
vation has been retarded in many 'sections
by recent raina Planting of early pota
toes is progressing in the northern tier of
states under generally favorable conditions.
Harvesting is in progress In the southern
states.
Livestock The condition ef all classes
of livestock Is generally reported to be
favorable. Litters of young pigs are re
ported to be large and healthy In Iowa
and Illinois. Lambing is progressing un
der favorable conditions in Utah and Mon
tana. Some young pigs and iambs were
lost in Wisconsin, due to the cold weather.
The condition of meadows and pastures
is generally good, although warmer weath
er Is needed. Young clover and alfalfa
are recovering from the damage Inflicted
by the repeated freezes and are beginning
to show some improvement. Rain is needed
in the southwestern section of the country.
OREGON BERRY RECEIPTS INCREASE
I till Supply and Reasonable Prices Are
Expected In Week.
Oregon strawberry receipts are Increas
ing and with another week of warm
weather the supply will bs large. The
trade looks for low prices. ' Yesterday's
arrivals sold at 15 6 6 a crate. Californias
were quoted at $4.2504.50. This week
will wind up the California shipping sea
son. There was another small shipment of
California cantaloupes in pony crates,
wrhieh sold at 115. A letter received yes
terday from the Imperial valley said car
Jot shipments of cantaloupes would begin
the present week. The crop sf cants-
CUBE BCTTEB MARKET IS FIRM
Trade With California Stopped By Lack
of Steamers.
Cube butter was firm with most of the
sales for local storage account. There was
demand from southern California, but the
orders could not be filled, as there were
no steamers sailing south because of the
strike. Local fruit trade dragged with
prices more or less shaded.
Eggs were weak as the demand was re
stricted. Buyers offered from 16 H to 17V4
cents to country shippers and were not,
anxious to take eggs at that.
Poultry was in limited supply and prices
remained firm. Country dressed meats
were weak.
TREXD FOR MOST PART IS
TOWARD HIGHER VALUES.
Steady Decrease In Visible Supply.
The American visible ' wheat supply
statement compares as follows:
Bushels. - Decrease.
May 23. 1021 9.463.000 1.6S5.CKJ0
-May 24. 1HJO 37.tnii.000 S4j,000
May 28. 1B19 27.615.000 6,121.000
May 27. 1018 ,. 1.533.0HO 33.0MU
May 2. 1917 2ti.47S.000 S.6O3.000
The corn visible Is 15.224.000 bushels, a
decrease of 2.521.000 bushels. 'Oats. 2S.-
035.000 bushels, a decrease of 1.242.000
ousneis. itye. i.ais.ooo busftels. a decrease
of 27.000 bushels. Barley. 1.403.000 bushels,
a decrease of 190.000 bushels.
Bank Clearings.
Bank elearlngs of the northwestern
cities yesterday were as follows.
Clearings. Balancea
Portland J5.189.975 11,112.076
Seattle . . 4,591,863 1.500.717
Tacoma 673,213 48.046
Spokane 1,753.633 889,107
PORTLAND MARKET QCOTATIONS
Grain. Flour and Feed.
Merchants' Exchange, noon session.
Bid .
wheat May.
Hard white 1 1.41
Soft white 1.41
June.
t 1.36
1.35
1.35
July.
White club 1.41
oats
No. 2 white feed .... 81.50 31.50 31.00
No. 2 gray 31.00 31.00 31.00
Barley
Brewing 24.00 24 00 24.00
Standard feed 22.00 22.00 22.00
Millrun 29.00 29.00 29.00
Corn
No. 2 E. Y. shipment 31.00 31.00 ....
-no. 3 Y. shipment 30.00 30.00 ....
FLOUR Family patents, IS.00 per bar
rel; whole wheat J7; graham, ttt.80: bakers'
hard wheat, (8.25: bakers' bluestem cat-
Mi ts. $7.75; valley bakers' (7.25; straights.
Il.ZO.
MILLFEED Prices f. o. b. mill: Mill-
run, (31 per ton: rolled barley. (3840;
rolled oats. (40; scratch feed. (51 per ton.
tuna wnoie, (38: cracked. (41 per ton.
HAY Byuing prices f. o. b. Portland:
Alfalfa. (18818.50 per ton; cheat, (2223
per ton: clover. (16; valley timothy, (24
; eastern uregon timothy, (2U.
Dairy and Country Produce.
BUTTER Cube a extras. 25 iff 26c lb.:
prints, parchment wrapped, box lots. 30c:
cartons, 31c. Butterfat, buying price: A
grade, 25c; B grade, 23c. Portland deliv
ery.
EGGS Buying prices, case count. lOffl
17V4c delivered. Jobbing prices to retailers:
Candled ranch, 21&22c; selects, 24c.
ummsb Tillamook triplets, price to
jobbers f. o. b. Tillamook, 19c: Young
Americas, 20c pound. r
POULTRY Hens. 20 27c pound: ducks.
nominal; geese, nominal; turkeys, nom
inal.
PORK Fancy, I31?l3e per pound.
VEAL Fancy. 1313Hc per pound.
Fruits and -Vegetables.
FRUITS Navel oranges. 3.375.75 per
box; lemons, (4 w 5.25; grapefruit, (3
.50 per box: bananas, 9H&-10C pound;
apples, (1.605 3 box; strawberries, $4.25
6 per crate; cherries. 25 30c pound; can?
taioupes, (13 crate; peaches. 3.00 box.
VEGETABLES Cabbage, 56c pound:
lettuce, (3.75 per crate: carrots, (1.50
per sack; garlic 20c per pound; beets.
(1.50 per sack; green petters, 3040c per
pound; rhubarb, 4ti6c pound; spinach.
6Vi7c per pound; turnips. $1.50 (&, 3 per
sack; tomatoes, (4.50 per lug: cucumbers,
(1.752.75 per dosen; peas, 1417c per
pound; asparagus, (2 per dozen; beans,
1718c
POTATOES Oregon, 11.2591.50 per 101
pounds; Yakima, $1.601.75; new Califor
nia, 56c per pound; sweet potatoes
(3.75 per crate.
OjNiors uregon, 73co Jl per sack: new
crop. White Bermudas, $2 per crate.
Shorts. Driven to Cover in Kails
and Mexican Oils Call Money
Closes at Decline.
NEW YORK. May 23. The stock mar
ket resumed Its hesitant and uneven course
today.
Shorts were driven to cover in the oils,
especially Mexicans, and rails. Tobaccos
were appreciably higher. Motors anda
few food-Issues were heavy to weak, some
of the former establishing low records for
theV-ear. Sales amounted to eoo.uuo
Western railway ' tonnage figures dis
closed additional declines and brokers or
that section reported, a oeoi
Investment situation and further uncer
tainty regarding the business outlook.
Tk. inniiirr for money was slightly
more active and that, with last Saturdays
moderate deficit of clearing nouse acium
reserves, tended to stiffen call money. In
the final hour the rate dropped from 7
to 6H per cent on the exchange and 6
per cent on the open market.
The one constructive development of
the session was the announcement of the
terms of the new French government loan.
Foreign exchange was reactionary In ail
Its branches, sterling falling some 6 cents
to the pound from its recent maximum.
French and Belgian rates fell 40 points
from last' week's closing quotations and
reactions of 8 to 25 points were recorded
by most other continental remittances,
German marks losing only 6 points.
The boad market, including liberty Is
sues, was irregular, though changes were
mostly trivial. Foreign flotations were
not materially affected by the heaviness
of international exchange. Total sales, par
value, (10,175,000. ' i
CLOSING STOCK QUOTATIONS.
(Furnished by Overbeck & Cooke com
pany, .roruana.j
High.
43 H
1814
50 Vs
Low.
43
15 H
50 Vk
1
36
'S8'i
40H
29
1
35 !i
"37
46 Mi
28
Bid.
43
15
60 V,
31 H
I 'A
35
ia
38
45
28
Adams Expr.. 200
Advance Rum. 300
Agr Chem .... 5,000
Ajax Rubber
Alaska old.aa 900
Alask Juneau. 300
Allis-ChU ... - 900
do pfd .....
Am Beet Sug. 500
Am Bosch ... 1.900
Am Can 1.900
rin nfri t3
Am Car & f. 100 124 124 124-4
do pfd 100 108
Am Cot Oil . 20
do pfd ..- 45
Am Drug Syn 100 6!4 6(4 64
Allied Chem.. . : 44 4
Am Hide & L 600 12 'A ll'i 11
do pfd 800 55 53 54
Am Ice 100 65 65 55
Am Int Corp. 1.100 47H 4514 4'A
Am Linseed... 2,800 81V4 28 SO
do pfd
i - o too ct ea fi
Am Loc 2.100 87
sett
do pfd 101 'A
V
1.600
200
1.180
2,100
1,300
200
Staple Groceries, i
Local jobbing quotations:
SUGAR (sack basis) Cane granulated.
7.85c per pound: beet, 7.65c per pound.
NUTS Walnuts, 803Uc pound; Brazil
nuts. 30c; filberts, 12c; almonds, 2430c;
peanuta. 8llc per pound; cocoanuts, (1.75
per dozen.
RICE Blue Rose, 6c per pound; Japan
ityle, 4c per pound.
BEANS Small white, (He: pink. 7ic
lima. 8c: ren. 8c per pound.
COFFEE Roasted, bulk. In drums, 14 0
36Hc per pound.
SALT Granulated, bale, J3.40W4.25
alf pound, ton, 60s. (19.75: 100s. (19.25
lump rock, (26.50.
DRIED FRUITS Italian prunes, 6 He
pound; dates, (4.256.85 per box; figs, (
05.25 per box.
Am Sat Razor 2,000
Am Shio & C
Am Smelter... 6,900
do pfd
Am Steel Fdy
Am Sugar....
do pfd
Am Sumatra..
Am T & T. ..
Am Tobacco..
- do B .-.
Am Wool .....
do pfd
do P pfd...
Am Zinc
Anaconda
Assd Oil
Atchison
do pfd 200
Atl G 4 W I. 3.000
Bald Loco... 13.400
Balto & Ohio. 3.700
Beth Steel B. 4.200
B R T 300
Butte C & Z. 300
Butte & Sup.. 200
Caddo Oil .... 900
Cat Packing.. 100
Cal Pet 2,400
do pfd .....
Can Pac 600
Cen Leather.. 2,300
Cerro de P... 400
Chand Motor.. 11.400
Chi A- N W. . 800
Chi Gt West.. 200
do pfd
Chili Cop,....
6
43
800 90
66
105
,129 '4
78
42
'e0
76 Vi
39
86
40
60
12',
S'i
14'i
15
90
'ei'J
105
129
126
74
41
'80
75
89
83
39 'A
58
12
5
14 15 i
47V4- 49
Hides, Hops, Ete.
TALLOW No. 1, 3H4c; No. 2, 2 Vj 03c
per pound. "
CASCARA BARK 1920 peel. 7c pound
1921 peel, 6c pound, delivered Portland.
HOPS 1920 crop, best. ZOc per pound.
HIDES Salter country hides. 4c deliv
ered Portland; grubby hides. 3c; city calf
skins, 12c; country calf skins, 10c; good
ip. 6c; grubby kip, 4c.
WOOL New clip, aopiSHe per pound.
MOHAIR New clip, 16c per pound, de
livered Portland.
Provisions.
HAMS All sizes, 30 38c; skinned, 310
36c: picnic. 18c; cottage roll, 2bc.
BACON Fancy. 43 53c; choice, 800
35c: standard, 2o2ic
LARD Fure. tierces, ioc pouna; eom-
Dound. tierces, lie
DKx SALl tiacKS, zorgzsc; piaies, luc
Oils.
LINSEED OIL Raw, In barrels, 99c;
five-gallon cans. (1.14. Boiled, in barrels,
(1.01: five-gallon cans, (1.16.
IlKrt. 1 1 1. , lu arums, ific; xive-gai-
lon cans, (1.12.
WHITE LEAD 100-lb. kegs, 13c per lb.
COAL OIL Tank wagons and Iron bar-
Is. 17i4c; cases, 80 37c.
GASOLINE Tank wagons and iron bar-
rela, 28c; cases. 40Vic.
SAN FRANCISCO PRODUCE MARKET
Prices Current en Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO, May 23. Vegetables
-Asparagus, 3I0c; Italian squash.
2o2; potatoes, new, 2Hwoc; sweets.
Nancy Hall, (60&6.50; onions, Australian
'brown, nominal; crystal wax, (1.5001.7?
crate; green, Sl.b5j:: box; . tomatoes. Im
perial, (2.23p; celery, nominal; garlic
608c; bell peppers, 10030c; chill, 10015c;
peas, 6012c; rhubarb, nominal; lettuce.
2.50: artichokes, S4'n9 crate: spin
ach. 203c: beans, 12H017Vic: beets. (1.75
sacK: carrots, i.Zdapi.ou sack: egg
plant. 20W25C
poultry Young cnicRens, 23gaoc; staffgy
roosters. 20025c; old, 13018c; hens, 200
32c; ducks, 25035c; geese, 25c; turkevs.
live, 40c; dressed, 45 050c; Belgian hares.
ve. zugp-Jc; aressea. Zdepzec: sauabs.
45048c; pigeons, $303.50.
Fruit Oranges, navel, (2.7505: Valen
cia, (3 0 3.75; lemons, (2.50 0 4; grapefruit,
3.75: apples, (1SV2.50: strawberries.
50060c drawer, (101.35 crate; raspberries.
(1.50 01.75 drawer; gooseberries, 8010c;
bananas. B10c; avocaaoes. 134(8 dozen:
cherries, (1.75 0 2 flat box; 10014c pound;
prlcots, (202.50 4-basket crate; (30(3.50
lug; watermelons, 10c pound; peaches.
52.50 box; .cantaloupes, standards.
100 12.50: ponies. (8010: flats. $3,5044:
fias. (303.50.
Receipts Flour, 5868 quarters: wheat,
6510 centals; barley, 970 centals; beans,
2472 sacks; corn, 1185 centals; rye, 5 cent
als; potatoes, 1443 sacks; hay, 300 tons;
hides, 1541 bundles; lemons and oranges,
4400 boxes; livestock, 149 head.
Metal Market.
NEW YORK. May 23. Copper firm.
Electrolytic, spot and nearby, 13c; fu
tures. 1313o.
Tin easier. Spot and nearby, 33.000
33.25c; futures, 83.25c
Iron nominal. No. 1 northern, $25 0 26;
No. 2 northern, 124 0 24.50; No. 2 northern.
(21022.
Lead steady. Spot, 5.00c
Zinc quiet. East St. Louts, delivery,
pot, 4.85 0 4.90c
Antimony, spot, 6.25c.
New York Sugar Market.
NEW YORK. May 23. Raw sugar, (5.02
for centrifugal: refined, (6.30 to (6.60 for
fine granulated.
Cotton Market.
. NEW YORK. May 23. Spot cotton qui
et. Middling, 12.500, 1
Chlno
C M St P...
do pfd ....
Coco Cola...
C & O
Colo F & I..
Colo G & E..
Col Graph...,
Con Gas ....
Contl Can ..
Contl Candy.
Corn Prod....
Cosden OH
C R I & P....
do A pfd...
do B pfd. ..
Crucible
do pfd .....
Cuba Cane....
do pfd
Cub Am Sug..
Dome Mines..
D & R G
do pfd
Endi Johnson.
Erie 3,500
500
1.9O0
6O0
. 600
900
1,600
6,300
200
500
' 2,600
400
100
1,100
.14,200
1.500
4,400
200
200
18.700
114H
40 'A
29
5
65
65
19
12 4
2614
28
43
29 4
r.s
31
60
7
87
47
1
70 V4
'85 ' '
32
75
65
78
114
38
29
63
64
64
18 "4
12
20
27
42
29
66 .
31
59
7
87
47
1
68
S4
31
75
65
70
1.000
2.000 .
1,200
900
18 18
59 66
23 22
19 19
do 1st pfd
Fam Players..
Fed M & S...
do pfd
Fisk Tire . . ..
Gaston Wms..
Gen Cigars....
Gen Electric.
Gt-n Motors ..
do 6s
Goodyear ....
Gen Aspnait..
Goodrich
Granby
Gt Nor Ore...
do pfd
Greene Can...
Gulf S Steel..
Hunn Motor..
Houston Oil...
Ill Central....-
nsplration . ..
Int Aftr Corp.
do prd
Interboro ....
do pfd
Int Callahan..
Int Harv
Int Mer Mar..
do pfd
Int Nickel ...
Int Paper ....
do ofd
Invin Oil ....
Island Oil ...
K C Southern.
do pfd .....
Kelly-Spgfld .
Kennecott ....
Keystone Tire.
Lack Steel . .
Lee Tire
Lehigh Val
Lorillard ....
L & N
Max Motor
do 1st pfd. .
do 2d pfd. ..
Mex Pet
Miami ...
Mid States Oil
Mtdvale Steel.
M K & T
do pfd
Mont Power..
Mo Pacific
do pfd .....
Mont Ward...
Nat Enamel..
Nat Lead ....
Nev Con
New Haven . ..
Norfolk & W.
Nor Pac
Nov Sco Steel.
N Y Air Brk.
N Y Central..
Okla Prod ref.
Ont Silver ...
Ont & West..
Otis Steel
2.800 63
13
20
7314
7
900
1,300
200
62
13
20
7'
6
1.900
200
100
300
58,300
15
1
60
137
12
15
1
60
137
11
ii.Voo '70 "eR
1,200 37 86
"VoO '29 29
2.800 67 66
'2,'obo 37'" 'H"
2.500 13 12
1,300 76 74
100 90 90
600 36 36
"206
600 12 12
200 5 5
' 1,300 91 89
800 15 15
900 65 64
400 15 15
2.400 71 69
"i.300 "l7 17
900 4 8
- 1,700 ' 27 26
2.Vo6 '45 43
1.200 21 21
1.900 15 15
2,000 49 49
"Vn6 52 52
600 159 156
44,600 150 147
300 23 23
S.500 13 13
400 27 27
200 2 2
"Voo '22" 'ii"
1.800 41 40
"i.Voo ei "49
"206 ,j2 'l2
400 19 18
400 97 97
6.600 70 69
"Voo ,'ert" "es'"
1,500 3 3
Pacific OH 5,800 37 87
Pac G & E
Pan Am Pet.. 13.200 67 65
do B -1.700 60 69
Penn 2.500 S5 84
Peo Ga 1,400 61 60
Pere Harq 200 21 21
Phila Co 200
Pure Oil 700 85 35
Pierce Arrow. 31.400 28 25
Pierce Oil ... 800 10 9
Pitts Coal ... 300 62 62
Pitts A W Va. 1.300 80 29
do pfd
Pr Steel Car.. 100 83 83
Pullman 1,300 101 99
Ray Con 800 14 14
Reading 8,900 72 , 70
Remington ... 500 84 83
Repl Steel .... 800
Rep I & S.... 5,900 58 67
do pfd ..... - '
Rep Motors... . 400 15 15
Ryl Dutch Oil 2.300 . 63 .63
Ry Steel Spg. j4.". '
Sears Roebuck ,10 78 78
Shattuek Arls , 100 7 7
Shell T & T...
Sinclair 10,900 26 25
Sloss Shef
So 'Pac 8.900 78 75
So Railway... 2.800 26 20
do pfd 400
St L ft S F.. 4.200 23 23
Strom Carb... 100 3 8S
Studebaker .. 74,800 . 77' 72
Swift & Co 97 96
Tenn C & C... 300 9 : 9
Tex Oil 13.100 88 87
Tex Pac 4!4 23
Tex P C O. 2.600 27 26
Third Aave... 700 17- 17
6
9
42
77
29
90
101
63
104
12
126 ,
75
97
33
9
41
100
81
, 75
39
84
89
50
12
14
13
69
46
77
114
39
2D
63
64
6
19
12
28
27
42
29
57
30
69
7
87
47
1
68
103
84
81
75
64
72
84
18
56
22
18
1
63
13
20
72
6
26
15
1
60
137
11
67
67
60
37
23
29
67
24
85
12
75
89
86
10
49
4
12
5
89
15
64
15
69
17
3 '4
26
60
43
21
15
49
28
159
99
6
6
1
149
2.1
13
27
2
4
53
21
40
2t
51
77
12
18
96
' 70
34
68
68
8
6
18
13
87
63
65
69
34
60
21
82
83
25
9
62
29
69
83
100
14
71
83
27
88
90
15
63
85
76
6
44
26
89
75
20
50
23
3S
76
96
8
87
23
27
V I
$100,000,000 .
Government of the French Republic
Twenty-Year External Gold Loan 7 Bonds
Dated June 11921 Due June 1, 1941
Not Subject to Redemption Prior to Maturity
Interest payable June 1 and December 1. Principal and interest payable in New York at the office of J. P.
Morgan and Co.,. in United States Gold Coin of the present standard of weight and
fineness, without deduction for any French Taxes, present-or future.
In the opinion of counsel, these Bonds cere a legal investment
for savings banks in Connecticut, Vermont and California,
Coupon Bonds in Denominations of $1000, $500' and $100, Registerable as to Principal Only.
sssiewassiwsssssssssssasBBssswssssws.ssssBsss
J In the loan contract under which these bonds are to be issued the
French Government Covenants to pay to J. P. Morgan and Co., dur
ing the first five years, as a sinking fund, the sum of not less than
$9,000,000 in cash ,per annum in monthly installments of not less
than $750,000 each, beginning July 1, 1921, such sums to be applied
to the purchase of bonds, if obtainable, at not exceeding par and
accrued interest; any unexpended portion of any such installment
' remaining in the sinking fund at the end of any month to be re-
turned to the French Government,
We Are Receiving Subscriptions, Subject to Allotment, for the Above Bonds at
95 and Accrued Interest, to Yield Over 896
Subscription books will be opened at the office of J. P. Morgan and Co., at 10 o'clock A. M., Wednesday,
May 25, 1921, and will be closed in their discretion.
All subscriptions will be received subject to the issue and delivery to us of the bonds as planned, and
to the approval by our counsel of their form and execution. The right is reserved to reject any and all
applications, and also, in any event, to award a smaller amount than applied for. AmounU due on allot
ments will be payable at the office of J. P. Morgan and Co., in New York funds to their order, on or about
June 10, 1921. ' ' '
Temporary bonds or trust receipts will be delivered pending the preparation of the definitive bonds.
J. P. Morgan and Co.
First National Bank, n&w York. Brown Brothers and Co.
. Harris Trust and Savings Bank
Guaranty Company of New York. ,
Security Savings & Trust Company
Lumbermens Trust Company
May 24, 1921.
National City Company.
Bankers Trust Company.
Ladd and Tilton Bank.
Tob Prod ....
Tr Cont Oil..
Un Oil Del...
Union Pac ...
Uted Alloy
Uted Drug . . .
Utd Fd Prod..
United Fruit..
Utd Rtl Stores
U S Ind AI. ..
U S Rubber..
do 1st pfd..
U S Smelting.
U S Steel
do pfd
.Utah Cop ....
Va Chem ....
Van Steel ....
Vlvandou ....
Wabash
do A pfd...
do B pfd...
Wells Fargo.
West Pac ....
do pfd
West Union . .
Westh A B...
Westh E & 51.
West Md
White Motors.
Wllls-Ovrl ...
do pfd .....
Wis Cen ....
Wool worth ...
Worth Pump..
W & L E
2,600 68 B6 67
2.900 10 9 9
6,300 25 24 24
1,400 119 118 119
..... V?k
200 96 96 93
1,200 21 21 1H
"i,200 62 60- 61
800 69 68 69
6.000 T2 71 j72
Voo :::.. 33
16,800 84 82 83
900 108 108 108
500 66 65 55
2.500 82 80 81
2,100 - 82 81 81
400 7 7 7
800 7 8 8
1.400, .21 21 21
"Voo 63
800 29 28 -28
100 . 9
...... 87
s
1,400 47 46 46
400 10 10 10
89
3,500 8 8 8
300 87 87 87
41 40 40
::: 112
100 60 49 49
300 9 9
BONDS.
U S 2s reg 99iN T C deb 6s
do coupon r .......
."to -in r as
..104'Pac T& T 5s..
..77IPa con 4s. ..
..77 IS P cv 6s
is. 98 'So Ry 5s
Atch gen 4S....'76IU P 4
D & R G con 4s 64U S Steel 5s..
U S 4s reg
do coupon
Pan 3s reg. .
do coupon
A T at T cv
. 89
. 74 .
.55
. 84
.85
. 88
. 82
. 80
. 95
Bid.
Liberty Bond Quotations.
'Hangs of liberty bond quotations, fur
nished by the overbecK & cooks company
of Portland:
Liberty 8s ....
do 1st 4s
do 2d 4s
do 1st 4s....
do 24 4s....
do 3d 4s....
do 4th 4s...
Victory 4s ....
do 8s
Mining; Stoeks at Boston.
BOSTON. May 23. Closing quotations:
Hlch. Low. Close,
..88.74 88.00 88.00
87.30
87.00 87.00
87.30 87.46
87.08 87.08
90.62 90.64
87.22 87.22
97.56 97.56
97.56 87.56
..87.14
..87.48
..87.18
..90.72
..87.32
..97.66
..97.62
22
. 8
. 50
.233
. 8
.. 35
. 9
. 2
. 2
. 21
. 62
North Butte
Old Dom
Osceola ......
Quincy
superior
ISup & Boston.
shannon .....
Utah Con . . .
Winona ......
Wolverine . .
10
21
81
40
8
1
90
4 '
45
11
Allouez
Aria Com . ...
Calu & Arts. ,
Calu & Hecia.
Centennial ...
Cop Bangs ..
East Butte ..
Kranklln ....
Lake Copper. .
Isle Royalle ..
Mohawk
Swift Co. Stocks. '
Closing prices for Swift & Co. stocks at
Chicago were reported by the Overbeck at
Cooke company of Portland as follows:
Swift & Co
Libby, McNeill & Libby 9
National Leather 7
Swift International 25
Money, Silver, Etc
NEW YORK. May 23. Prims mercan
tile paper, 67c ,
Time loans steaay; ou.aays, vu aays, six
months. 6 per cent. Call money easier;
high, ruling rate and offered at 7 per
cent, low, closing oia ana last joan O'A per
cent.
Bar silver, domestic, vttc; ioreign, 69.
Mexican dollars 46 c
LONDON, May 28. Bar silver, S3d
per ounce. Money 5 per cent; discount
rates, short bills. 6 per cent.
Foreign Exchange.
Foreign 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 Rate.
Austria, kronen $ .0032
Belgium, francs .0850
Bulgaria, leva .0140
Czecho-Slovakia, kronen .0155
Denmark, kroner 1825
England, pound sterling 8.9N00
Finland, flnmark 0230
France, francs .....l... .0850
Germany, marks 0170
Greece, drachmas .0575
Holland, guilders 3595
Hungary, kronen .0o55
Italy, lire 0560
Jugo-Slavla. kronen .0095
Norway, kroner .1600
Portugal, escudos 0070
Roumanla, lei .0185
ferbia, dinars 0375
pain, pesetas 1360
Sweden, kroner 2370
Switzerland, francs 1815
China-Hongkong local currency... .5000
Shanghai, taels 6000
Japan, yen 484 5
NEW YORK. May 23. Exchange weak;
sterling demand, 3.95: cables, $3.98;
francs, demand, 8.30; cables, b.sb; .Belgian
francs demand 8.30: cables. 8.38: guilders.
demand 35.55; cables, 35.65; lire, demand,
5.39; cables, 5.41; marks, demand. 1.62;
cables, 1.63; Greece, demand. 6.35; Sweden,
demand. 23.45; Norway, demand, 15.80;
Argentine, demand, 81.80; Brazilian, de
mand. 13.87: Montreal. 10 u-io per. cent
discount.
' ' Foreign Bonds.
Foreign bond quotations furnished by
the Overbeck A Cooks company of Port
land:
Creamery higher than extras, 28 29c;
creamery extras. 2828c; creamery firsts.
2427o.
Eggs Firm; fresh gathered extra firsts,
2425c; firsts, 2123c;
Cheese Steady; state whole milk flats,
fresh specials, 1516c; state whols milk
twias, specials, 15 t$ 16c.
CHICAGO, May 23. Butter Higher.
Creamery extras, 27c; firsts. 2125c;
seconds,, 1720c; standards.U7c.
Egirs Unchsngert. Receipts, sj.osj
cases: firsts. 21U022c: ordinary firsts,
1819c; at mark, cases included, 20 & 21c;
standards, 22c.
SEATTLE. Mav 23. Eggs, select, local
ranch, white shells. 2425c; do mixed col
ors, 23 & 24c; pullets, 18020c.
Butter City creamery, cubes, 29c; bricks
or prints, 80c; country creamery, extras,
cost to Jobbers in cubes, 25c
Russian 6s. 1921.
do 1926
do 6s. 1019....
French 6s. 1931....
do 4s, 1917
do 6s. 1920
Italian 5s, 1918....
British 5s, 1922....
do 1927
do 1929
do vky 4s
. do ref 4s
Belgium rest 5s....
do prem 5s
German W L 5s.
Berlin 4s
Hamburg 4a
do 4s
Lelpslg 4s
do 5s
Munich 4s
do 5s
Frankfort 4s ......
Jap 4s ,
do 1st 4s.... .
do 2d 4s
Paris Va
U K 5s, 1921.....
do 1U22
do 1929
Bid.
.. 15
.. 6
.. 16
.. 68
.. 64
.. 80
.. 45
..896
..392
..892
..811
. .280
.. 75
.. 78
.: 18
.. 14
.. 16
.. 16
.. 16
.. 16
.. 16
.. 18
17
.. 68
.. 84
,. 84
.. 99
99
97
91
Ask.
17
8
18
69
65
81
46
406
402
402
820
290
77
80
14
15
IP
n
17
20
IS
68
84
84
99
99
97
91
89
DAILY METEOROLOGICAL KEPOBT.
PORTLAND. May 28. Maximum tem
perature, 77 degrees: minimum, 61 degrees.
River reading, 8 A. M., 20.9 feet: change In
last 24 hours. 0.7 foot rise. Total rainfall
(5 P. M. to 6 P. M ). none: total rainfall
since September 1. 1920. 44 67 inches: nor
mal rainfall since September 1. 41.68
Inches; excess of rainfall since September
1, 1920, 2.89 Inchea Sunrise, 4:30 A. M.;
sunset, 7:45 P. M. Total sunshine May 23,
15 hours 15 minutes; possible sunshine.
15 hours 15 minutes. Moonrise Tuesday,
10:11 P. M.; Tnoonset Tuesday, 7.04 P. M.
Barometer (reduced to sea level) at 6
P. M. : 30 05 Inchea Relative humidity at
5 A. M., 87 per cent; at noon, 44 per cent;
at 5 P. M., 29 per cent.
THB WEATTTKR.
STATIONS.
Si
SI
11
3
11
53
S3?
m it
n
Wind
Weather.
do 1937 85
QUOTATIONS Oy DAIRY PRODUCE
Market Prices Ruling on Batter, Cheese
I and Eggs.
'8AN FRANCISCO, May 23. Butter-
Extras, 35c; prims firsts and firsts nominal.
Eggs Fresh extraa, 25c; extra firsts,
25c; firsts, nominal; dirties. 23c; extra
pullets. 21c; undersized. 17c.
Cheese Flkts, fancy, 15c; firsts, nom
inal; Young Americas. 19c; firsts, nominal.
NEW YORK, May 23. Butter Firmer.
1 Baker I 421 6S .00!14:N W
Boise I 441 740.00114W
Boston 48 52i0.28 .. B
Calgary .... 40 74,0.00 .. NB
Chicago .... 72 92 0.00 .. E
Denver 52 76 0.00 .. NW
Des Moines. 70l 90 0.00 . .SW
Eureka .... 46 SSiO. OOilOINW
Galveston .. 74 1 80 0.0Oil4iSE
Helena .... 48 70 0.081. .1X81
Juneaut ... 42 500. 601. . S
Kansas City 70 88 0.00 .. SW
Los Angeles. 50 6410.12 .. SW
Marshfleld, 48 64 0.00! 10 NW
Minneapolis 66 86'0.02l. . IKW
New Orleans 70 84)0. 001 . . ISE
New York.. 66 74 0.06 12lE
North Head. 48 64 0.00 24, NW
Phoenix .... 64 80 0.00I10IW
Pocatello .. 48 6H0.20I..W
Portland ... 51 770.0Ol8 NW
Roseburg .. 44 80'0.0Ol..N
Sacramento 56 88 0.00il2 NW
St. Louis... 72 90 0.00!. . ISW
Salt Lake.. 52 60I0.04I16INW
San Diego.. 54 62'0.0(..W
S. Francisco 601 64!0.00l. .ISW
Seattle .... 48! 70i0.OO!12IN
Sltkat 88i46 0.181. . SW
Spokane ... 46 78 0.00 .. N
Tacoma 48 ' 681O.OO . . N
Tatoosh Isd. 46 52 0.00..SW
Valdezt 42'0.00
Walla Walla 52 7810.00 . . N
-Washington 66 880.00116'PB
Winnipeg ... 50) 74i0.00i 10ISW
Yakima .... 44! 82'0.00!..IW
tA, M. today. P. M. report of
day.
Clear
Clear
(Sloudy
Clear
Cloudy
Cloudy
Pt. cloudy
Clear
Clear
hClear
Rain
Cloudy
Cloudy
Clear
Cloudy
Clear
Pt. cloudy
Clear
IClear
Cloudy
Clear I
Clear
Clear
Pt. cloudy
Cloudy
Pt. cloudy
Clear
Clear
Pt. cloudy
Clear
Clear
Foggy ,
IClear
Cloudy
Pt. cloudy
Clear
LAMB CR0PIS HEAVY
Jordan Valley Sheep Inspected on
Way to Summer Range.
JORDAN VALLEY, Or, May iS.
(Special.) Jack Wilson, stats sheep
Inspector of Idaho and a represents
t've of the department of agriculture,
bureau of animal industry, have been
in Jordan Valley for the last week
making; an Inspection of sheep that
are on the trail to the summer range
in the Idaho mountains. Thousands
of head have been fed, sheared and
grazed in Oregon during the last six
months. The lamb crop has been one
of the best for several years, and It la
estimated that the wool clip will
reach 1,500,000 pounds. Practically
all of this wool will be shipped to
Portland for storage, and later sent
by water through the canal to the
eastern markets.
B. P. Mays of Boston, representing
wool buyers of the east, spent last
week In Jordan Valley endeavoring
to have the wool clip shipped direct
by rail to Boston for storage and sale.
Naval Stores.
SAVANNAH. Ga., May 23. Turpentine
firm. 68c; sales, 40U barrels; receipts.
SOS: ahlDments. 229: stock. 7701.
Rosin firm. Sales. 1321; receipts, 1021;
shlnmsms. 1SS2: stock. 74,512. Quote: B,
13.50; D, 13.90; E, 84.15; F, 84.20; G,
4.25; H. 14.80; I, 4.45; K. 84.90; M,
83 60: N. t6.15: Wfl. 16 85; WW. 87 35
FORECASTS.
Portland and vicinity Fair and warmer:
westerly winda
Oregon and Washington Fair and
warmer except near the coast; moderate
westerly winds. . . .
A Strong
Public Utility
with earnings over
twice interest charges
The Portland Railway Light
and Power Company 7H bonds
cannot be called for ten years
and mature In 1946.
Yield 7.85
Circular on Request for OR392
The National City
Company
Offices in more 4hsn 50 cities.
Yeoa Bids;, Portland. Or.
' Telephone Mala 0072.
Property
Management
V
mi fw:
ASK THE
ENGINEER
He will tell you that Warren ite
Bitulithie pavement has cot only
successfully passed through all
the stages of the pioneer, but
that he recognizes and appre
ciates the supervision and serv
ice of Warren Brothers Company
in meeting and solving the ever
changing conditions of road
building.
HOTEL HOYT
Strictly Fireproof. Near both dpcu
and convenient car rvie to
II part of etty.
Nfwrto Rooms Without Ituth, tl and ap
blnKl Koni With Hath, M and as
KLUtBT (. KOIIE. Manmrar.
Phone your want ada to The Or
ffonlaA. Main 7070, Automatic $-60-9,.