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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 25, 1921)
21 TIIE MORNIXG OREGOXIAX,. WEDNESDAY, MAY 25, 1921 NEW WOOLS TftKEH AT STEADY PRICES First Seated Bid Sale to Be at Pilot Rock June 1. GROWERS OFFER SLOWLY Dealers Look for Improvement, but Not In Immediate Future. Government Sale Today. Tba first sealed bid wool sale In Oregon this season will be held at Pilot Rock on Juns 1. according to word received by local wool dealers yesterday. The market during the past week con tinued quiet. There was a little buying in Washington, at previous prices and some business in Idaho, but there was nothing doing in eastern Oregon. The only sale announced in that section to date was the Sniythc clip-at Pilot Rock. The price In this deal is still a matter of guesswork, but if the Quotation generally talked of, 184 cents, is correct. It is the highest price that has been paid so far this son In any Dart of the country. TTtah advices are that three-fourths of the clio of that state has already been sold or consigned. The top price paid for Utah wools was 17 cents. There has also been considerable business in the new clip in Nevada. While local wool men are Inclined to be optimistic, they fear it will be some time yet before any marked improvement in the situation develops. There la a great deal of liquidation yet to be accomplished and it may be several months before the market gets on a stable basis. Thexe will be a sale of 3.000.000 pounds of government wool at Boston today. Thess woU are of such grade that they do not especially compete with domestic wools, being suitable chiefly for the carpet mill trade, and will doubtless sell at very low prlcv-s. At the resumption of wool auctions Australia there was a good clearance at each day's sale. At Melbourne the Con tinent and Yorkshire were the -rinclpal operators, and" at Sydney Japan wa3 tak ing the best merinos, with England and the Continent taking fair quantities. Prices for the best 70s warp wools were about 85c. clean landed 'basis, taking exchange at $4, while 64-70s of the same type could be boueht around 80c. Good 4s combing wools were bought at 83 6 70c and cr Ice top making sorts at about 55i60c Good half-blood wools were to bo had at 50(i?S3c ' clean landed basis, and low half-blood pieces at about 43c for the best lots. At the River Plate England, Germany and France have been buying more freely during the past fortnight, and 't is re ported even that some buying has been done for America at low rates with the intention of holding the wool for Impor tation until after the permanent tariff Is enacted. It is possible to import good standard 4s and Ss from Argentina at lie cost and freight, or perhaps even less, ac cording to Boston trade reports. Statistics just issued by the department i of commerce show the Imports of -rool into the United States during the first three months of lOi'l amounted to 102. 158, 54B pounds, compared with 101.083, 107 pounds during the corresnond'ng three months of 1020. an increase of 60 per cent. On the other hand, figures recently pub lished by the British government show that the imports of wool into the United Kingdom during the first three months of the current year amounted to 1112.063.800 pounds, compared with 208.170.000 pounds during the same period of 1920, a decreass of 7 per cent. Although the imports of wool into the United States during the first two months of 1921 were about 3.000.000 poupds less than for the same period of 1920, the im ports during the month of March wers 63,071,167 pounds greater than for the month of March, 1020. 'The rush to get wool inside the customs districts in antici pation of a tariff is largely responsible for the large imports during the first three months of the year. the demand was good and they cleaned np early at $393.80 a crate. The Califor nia berries that arrived were in generally poor condition.' The best brought $4.23. A shipment of loquats was received and sold at 15 cents a pound. BEAR Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland J4.8:5.'.3 $'.152,824 Seattle 4.448.1!'! 937.037 Tacoma 601,247 44.844 Spokane 1.321,048 383,833 PORTLAND MARKET QUOTATIONS Grain, Hour and Feed. Merchants' Exchange, noon session. Bid- May. .$ 141 . 1.41 . 1.41 . 1.34 . 1.34 . 1.32 . 81.50 . 31.00 June. $ 1 37 1.30 1.311 31.30 31.00 24.00 22.00 20.00 81.00 31.00 24.00 22.00 2U.0O Wheat May. June. July. Hard white ..... Soft white White club Hard winter .... Northern spring Red Walla Oats No. 2 white feed No. 2 gray .... Hurley Brewing ,. 24.00 Standard feed 22.00 Millrun 20.00 Corn No. 2 K. Y. shipment 82.00 31.75 .... No. 8 E. Y. shipment 31.30 31.00 .... FLOUR Family patents, $8.60 per bar rel; whole wheat $7; graham, $6,80; bakers' hard wheat. $8.23; bakers' bluestera pat ents. $7.75; valley bakers' $7.25; straights, $7.25. MILLFEED Prices f. o. b. mill: Mill- run, $31 per ton; roiled barley, fjetiMu: rolled oats. $40; scratch feed. $31 per ton. CORN Whole, $38; cracked, $41 per ton. HAY Byuing prices f. o. b. Portland: Alfalfa. $18618.50 per ton; cheat, $22&23 per ton; clover, $16; valley iimothy $24 f2o; eastern Oregon timothy, $26. Dairy and Country Produce,, BUTTER Cubes, estras, 26c lb; prints, parchment wrapped, box lots, 30c; cartons, 31c Butterfat, buying price: A grade. L'3c: B arade. 23c. Portland delivery. EGGS Buying prices, case count, 16 17c delivered. Jobbing prices to retailers: Candled ranch. 21&22c: selects. 24c. CHUESU Tillamook triplets, price to jobbers f. o. b. Tillamook, 19c; Young Americas. 20c pound. POULTRY Hens, 20?26c pound: ducks, nominal; geese, nominal; turkeys, nom inal. PORK Fancy, 13c per pound. VEAL Fancy. lifeline per pound. PRESSURE STRONG WIDE DECIiI"ES REGISTERED IX AXJj CLASSES. Dividend Suspensions and Reduc tions Promote Selling of Stock. Money Market Is Firmer. NEW YORK, May 24. Readjustment of quoted values in conformity with sus pended or reduced dividends made further progress in the stock market today. Among the shares which today entered the list of non-dividend payers were Cen tral Leather preferred and Remington Typewriter first and second preferred. Other develoDments. sucn as luriuu (iHra riiltlns, in ntoelH and iron. new low quotation for liberty bonds aird stiffer money rates were among the raciors wwlu re.itrired ll hullish Initiative. Pools endeavored to enlist public. Inter est by their support of some of tne oils, tobaccos, chemicals and other specialties. These efforts were abandoned when pres sure became too general. Central Leather preferred made an ex treme decline of St points, the .common losing 4. Remington Typewriter lost 714 and Baldwin Locomotive, Harvester, Beth lehem, Lackawanna and Crucible steels, Pierce Arrow, American Woolen," Royal Dutch, California PeCroleoim a,nd several minor rails and specialties wete impaired by 2 to 6 points. In a vast majority of cases, final quotations were within frac tions of the day's low. Sates amounted to 800.000 shares. The money market reversed .its usual course, opening easy but rising to 7 per cent for call loans before midday. This was attributed to heavy withdrawals by the federal reserve bank, necessitating calling of loans. Foreljfh exchange was heavy at the outset, but strengthened on news of the Sllesian truce. Liberty 3Hs exceeded all previous mini mums at 87.70 and others of that group wore irregular. Some foreign issues were strengthened by the probable success of the new French offering, but the general tone of the bond list was uncertain. Total sales, par value, $14,750,000. CLOSING STOCK QUOTATIONS. (Furnished by Overbeck & Cooke com pany, Portland.) Swift & Co.. Ten Cp it Cm Texas Oil ... Texas Pacific Tex Pa C & O Tobc Products Tran Contl Oil Union Oil Del Union Pacific. United Alloy. . United Drug.. United Fd Prd United Fruit. Ltd Rtl Stores U S Ind A lea U S Rubber.! do 1st pfd.l V S Smelting U S Steel do pfd .... Utah Copper. Va Chem . . . Vanadm SteeU Vivandou .... Wabash do A pfd.. do B pfd.. West Pacific do pfd .... Western Union Westghse A B Westg E & M west Aid .... White Motors. Willys - Over do pfd .... Wilson Packg Wisconsin Cent Worth Pump. W & L, .E BONDS. U S 2s reg 09?4;n Y C deb 6s., do coupon.. ,9!Nor Pac 4s.... tJ S 4s, reg...l4?4 do 3s U S cv 4s, cp.1044Pac T 4k T 5s.. Panama 3s, reg'77fe Penn con 4V4s.. do coupon... 77 So Pac cv 5s.. A T & T cv 6s 9144iSo Ry 5s Atchen gen 4s. 76 lUnlon Pac 4s. . D & R con 4s. 61 U 8 Steel 6s... .... 964 . 1.300 Vj 14.6O0 87 86 36 1,200 24 23 23 i4 9.2O0 274 24 25 5,400 5SU 86 H 56 8.000 10 V 9 4,800 24 T2 28 8,200 119 118! 118 . 300 29 U 29 28 . .... 94 2,606 si i 2014 2014 3.400 11014 108 109 fi.100 l 60 6014 200 60 69 68 8,100 71 7 7014 i 10114 300 34 84 4 33 17,900 S3M, 82 Vs 800 lOSfc 107 Va 107 Vi 2,200 56 55 55 1.500 32 30 31 1.200- 32 31 V 81 500 .8 8 814 400 8 7 ' 7 700 21 21 21 "966 29" H" 28 '. 63 200 87 87 87 93 . 500 46V4 46 4614 800 10 10. 10 1,900 39. 37 38 5,70 S 8 84 1,600 37 85 35 701) 40 40 40 30 900 40 47 47 V- 400 8 FIEtD REPORTS SEXD PRICES STILL HIGHER AT CHICAGO. 88 74 55 84 84 "88 '82 80 4 Bid. Fruits and Vegetables. FRUITS Navel oranges. $3.37$j-5.75 per box: lemons, $4(u5.25; grapefruit, do 9.50 per box; bananas, 9 10c pound; pples, $1.50'3 box; strawberries. $4.2.i 5.50 crate: cherries. 25r30o pound; can talouoes. lj crate: peacnes, a.ou box. VEGETABLES Cabbage. 5 6c pound lettuce. $3.75 per crate; carrots. $1.50 per- sack; garlic, 20c per pound; boets. $1.50 per sack; green petters, 80fe40c per nmind: rhubarb, 41fUc pound; spinach, 6 7c per pound; turnips, $1.50gr3 per sack; tomatoes, $4.30 per lug; cucumDers, $1,751-2.75 per dozen; peas, 14ljo per pound7; asparagus, $2 per dozen; beans. 17 18c POTATOES Oregon, $1.25 1.50 per 101 pounds; Yakima, $1.0l.i5; new Califor nia, 5c per pound; sweet potatoes, $8.75 Der crate. U.MO.s uregon, tacy tl per sacK; new crop, V hue Bermudas. - $2 per crate. Staple Groceries. Loral jobbing quotations: SUGAR (sack basis) Cane granulated, 7.85c per pound: beet, 7.b.c per pound. NUTS Walnuts, 30ft 39c pound; Brazil nuts. 30c: filberts, 12c; almonds, 24B30c; peanuts, 8llc per pound; cocoanuts, $L75 Der dozen. RICE Blue Rose, tic per pound; japan style. 44c per pound. BEANS Small white, 4c; pink, 7c; lima. 8c: ren. So per pound. COFFEE Roasted, bulk, in drums, 14 86c per pound. SALT Granulated, Dale. is.40r4.23; half pound, ton. 50s, $19.75; 100s, $19.25; lump rock, $2b.50. PRIED FRUITS Italian prunes, 6c pound: dates, $4.25igi6.85 per box; figs, $2 5.25 per box. Hides, Hops, Etc. TALLOW No. 1, 3 64c; No. 2, 2jf3c per pound. CASCARA BAKh. li'-'o. peel. 7c pound; 1921 peel, 6c pound, delivered Portland. HOPS 19'0 crop, nest, zuc per pound. HIDES Salter country hides. 4c deliv ered Portland; grubby hides, 3c: city calf skins, 12c; country calf skins, 10c; good kip. 6c; grubby kip. 4c. WOOL New clip, lufn'isv&c per pounar MOHAIR New clip, 16c per pound, de livered Portland. Provisions. HAMS All Biaes, 3oe36c: skinned, 81 36c: picnic, 18c: cottage roll, 28c. BACON Fancy. 43.3c; choice. 30w 33c; standard. 2u2ic. LARD Pure, tierces. - zuc pouna; com- pound, tierces, 11c. 2,000 1,300 2,000 100 700 1,100 500 4. 3110 3.UO0 3.000 1.200 15,500 1,6110 500 200 1110 200 2.3K0 14.9110 300 LOCAL WHEAT BIDS UNCHANGED Country Buying Reported Light Trade Awaiting Further Developments. No change was made in wheat bids ai the Merchants Exchange yesterday, not' withstanding the sharp advance at Chi cago. Country trading was reported light, as buyers are holding back, waiting to see what course the market takes when the crop scare subsides. Business was also restricted In the coarse grain division. Oats and barley were unchanged and corn was 75c$1.50 higher on bid. John IngllB crop report says: "Ne braska Hastings to Lincoln, wheat los ing ground, does not respond to ytln 01 weather conditions, losing color; some good wheat near Dorchester and Crete Ccm where up shows good stand. Oats fairly good; now hot and forcing." Cromwell reports the western Nebraska crop In good shape, but central and east em may make only fair and slightly under average yield. Le Count reported from Moberly,- Mo.: "Going north from Sedalia plant is gen erally scaly, spindly and small; oats the same." Crops around Great Falls, Mont., are looking fine. Terminal receipts, in cars, were -reported by the Merchants Exchange as follows: Portland Wht.Bly.Flr.Oats.Hay Tuesday 109 13 14 Tear ago 31 1 Season to date. .. .17.871 255 1040 531 23S1 - year ago ...... Tacoma Monday Year ago Season to date.. Year ago Seattle Monday ....... Year ago Season to date. . Year ago ...... 8.364 180 3853 495 2185 IT 3S 4.573 6,988 2 2 15 1 51 9S3 182 97 3149 177 927 833 1 ... 12 .. 31 3 7 2 4,496 213 813 408 1427 6.U-6 247 1155 645 1216 EGO STORAGE HOUSES ARE FILLED Current Consumption Will Have - to In. crease to Hold Prices Steady. The supply of egga on the market this week has been, in excess of the demand. bat'-for current consumption and stor age, resulting in lower prices, says the weekly produce review of Swift A Co.. trf Chicago. Many storage houses are practically filled, and on account of the excess -holdings, as compared with last year. It is evident that more eggs will have to be consumed currently. Poultry Is being marketed In sufficient quantities to supply the trade, but any appreciable Increase tn the volume mov ing "Will have a tendency to reduce prices A material reduction in the value of butter has occurred this week, resulting tn generally lower prices for butterfat in pro ducing sectiona Cube Butter Market Finn. The butter market was strong and cube extras sold readily at 26 cents. Prints continued to move slowly at various pricea The buying price of eggs was not changed, but there was a firmer under tone to the market and Indications of an advance in the near future. Receipts show a marked falling off. Poultry came tn more freely than for some time past and this gave the market a weaker tone. Sates of dressed meats dragged. Oregon- Strawberries in Demand. There was a still larger supply of Ore gon berries oa the market yesterday, but Oils. LINSKED OIL Raw, in barrels, 99c; five-gallon cans. $1.14. Boiled, in barrels. $1.01; five-gallon cans, $1.10. TURPENTINE In drums, 97c; five-gallon cans, $1.12. WHITE LEAD 100-lb. kegs, 13c per lb. COAL OIL, Tank wagons and iron bar rels, 1714c; cases. S0(S'3"c. GASOLINE Tank wagons and iron bar rels, 28c; cases, 40c. Grain at San Francisco. SAN FRANCISCO, May 23. Grain Wheat, feed, $2.3062.50; milling nominal; barley. feed, $1.22. 61.27 ; shipping, $1.3561.45; oats, red feed, H.5061.65; rice, nominal: corn, white Egyptian, $2.31) 4f2.40; red mllo. $1.9562.10. Hay Wheat, $15620; tame, $1317; wild oat, $10613; barley, $11613; alfalfa, $14616; stock, $10612; straw, nominal SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO. May 24. Vegetables Asparagus, 3 610c; Italian siash, $1.2562: potatoes, new, 2 64c; sweets, Nancy Hall, $6 6 6.50; onions, Australian brown, nominal; crystal wax, $1.5061.73 crate: green, $1.8562 box; tomatoes. Im perial, $2-256'3; celery, nominal; garlic, 668c; bell peppers. 10625c: chill, 15620c; peas. -i6 12c; rhubarb. $262.25; lettuce, $262.50; artichokes, $16 9 crate; spin ach. 268c; beana, 12617c; beets, $1.75 62 sack: carrots, $1.2561-50 sack; egg plant. 15620c; green corn, 40fSt;oc. Poultry Voung chickens, 25 6 60c; staggy roosters, 20625c: old, 13618c; hens, JUU 32c; ducks. 25635c; geese. 25c; turkeys. live, 40c: dressed, ta'ouc; Belgian hares, live. 20 622c; dressed, 25628c; aquaba 454Sc; pigeons, $363.50. Fruli Oranges; navel. $-.165; Valen cia, $363.75; lemons, 2.5064; grapefruit, $2 6 3.75; apples, 8162.50; strawberries, 50660c drawer, $16 1-35 -crate; raspberries. $1.2o61-o0 drawer; gooseberries, S612c; bananas, 8610c; avocadoes, $366 dozen: cherries, $1,506 1.75 flat box; 5615c pound; apricots, $2 6 2.50 4-basket crate; $36'$3.50 lug; watermelons, 10c pound; peaches, $'J. 2562.50 box; cantaloupes, standards. $S610; ponies, $067.50; flats, $36350; figs. S3 6 3.30. Receipts r'lour. 301H Quarters: wheat 2400 centals: barley. 645S centals: hav. 10 tons; beans, 42 sacks; potatoes, 103 sacks: hides, 61 bundles; livestock. 140 head: oranges, 400 boxes. QUOTATIONS ON DAIRY PRODUCE Advance Rum Agr Chem . . . 500 Ajax Rubber. 2u0 Alaska Gold.. 500 Alaska Juneau ..... Aliia - Chain! 900 do pfd .... 100 Am Beet Sug 800 Am Bosch .. 1.4O0 Am Can Co. . 2,000 do - pt'd- Am Cr & Fdy 3,200 do pfd 100 Am Cot OH. .. 1,300 Am Drug Syd IOO Allied Chem. . 2,000 Am Hde & L do pld .... 1,500 Am ice 200 Am Inter Corp 3.200 Am Linseed.. ,700 do. pfd .... Am I-oco . . . do pld .... Am Saf Razor Am Slip & Cm Am femeiter.. do ufd Am Snuff . . . Am Steel Fdy Am Sugar . . . do ptd .... Am Sumatra. Am TH & Tel Am Tobacco. do B .... Am Wool . . . Am W P pfd Anaconda .... Assotd Oil .. Atchison do pfd . . . . Atl Coast Line All. Glf & W 1 Baldwin Loco 49.9110 do old .... 8(10 Balti & Ohio 3,200 do ptd .... Beth Steel 8 Beth Stl "B" B R T Butte C & Z Butte & Sup. Caddo Oil . . Calif Packing Calif Pet do pld .... Canad Pacific Centrl Leather 29,600 Cero de Pasco Chandr Motor Chlcg & N W Cliicg G W.. do Did Chili Cop Chino Chi. M & St P do pld .... Coco Cola , . . & O Colo El & Irn Colo Southern Col Gs & Elc Colum Graph. Con Gas .... Cons Cigars.. do pld . Contl Can . . Contl Candy. Corn Products do pld .... Cosden Oil . . C R I & P., do A pfd do "B" pfd Cruclole do pfd Cuba. Cane . . 3.40 do pfd 1.400 Cub Am Sug 11.300 Del - Hudson loo Dome Mines. . 800 D & R G. . . . 2"0 do pfd . . . . Endl Johnson Erie do 1st Dfd. Fam Players. 14,600 red Mg & Sm do pid .... Fisk Tire ... Gaston Wms. Gen Cigars . . Gen Electric. Gen Motors do 6 .... Goodyear Cen Asphalt.. 45,000 Goodrich 0 Granby 600 Gt North Ore 500 Gt North pfd 8,500 Greene Can... ..... Gulf S Steel.. 60O Hup Motor .. Don Houston Oil.. 7.000 Illinois Centrl Inspiration .. Interboro do pfd .... Inter Callahan Int Harvester do ptd .... Int Merc Ma do pfd .... Int Nickel .. 1,500 Int Paper .. 7,900 do ptd - Invincible Oil. 1.800 Island Oil .. 8.S00 Jewel Tea .. 100 K C Southern 1,100 do pfd 300 Kelly - Spgfld 4,600 Kennecott . . . 1.7O0 - Kev-stone Tire I.600 Lack Steel . . 3,200 Lee Tire ... 4110 Lehigh Valley 700 Lorlliard .... ..... Maxwell Motr 800 do 1st pld do Id pld Sales. High. 50 31 85 75 38 40 Low. Bid. 15 49 40 31 . 31 H 114 34 34 V4 75 75 38 38 45 45 28 28 124 12: 20 6 14 44 83 122 108 19 - 19 55 53 47 30 614 43 52 55 45 29 5,700 86 84 14 "4 ! 43 29 .90 100 Vi 5 105 129 127 75 42 100 81 so' ' 89 ' 84 5 4J 42 78 29 89 100 63 104 127 126 72 V4 79 1!S .78 39 39 .... 59 12 1,500 1.100 2,500 1(10 7(10 2.500 100 300 ' 4O0 3.100 8.500 1,000 3.900 3,5(10 300 ;' 800 1,800 800 1.000 8.500 V.9I10 5,000 300 . . . . 24.700 600 5.200 1,400 600 4.300 300 1.100 7,000 100 300 400 700 15 50 46 77 114 30 28 . 64 65 . 8 18 12 26, 28 42 20 57 .30 59 7 87 ...J 114 69 34 3 76 18 87 22 is 1 63 14 4 20 15 1 137 11 70 87 22 20 67 37' Iz 78 90 36 . 5 87 56 12 ii' ' 14 69 42 77 114 ' 35 2S 62 64 8 18 12 25 27 41 29 57 29 58 7 87 T4 67 33' 31 76 67 '18 56 22 ik'i 1 61 13 20 70 13 1 135 11 67 S 22 29 66 34 12 74 90 35 5 86 200 15 15 15 70 17 4 26 51 44 21 15 49 26 53 - 's' 15 67 , iiiv 3 ( J 51 21 15 47 25 52 614 43 11 53 64 45 30 68 84 101 5 9 42 77 107 29 90 99 64 104 127 126 72 33 41 1(10 80 75 . 79 8S 70 99 89 50 102 56 11' VI 4 13 14 68 42 77 113 33VS 28 62 6.1 1 7 18iJ 12 25 27 41 29 57 29 36 59 7 86 38 70 48 1 68 K'l 33 31 75 64 69 84 18 36 22 97 18 1 61 , 13 20 70 26 14 . . 1 39 135 11 67 9 67 .17 - 20 6(1 23 34 12 74 89 35 4 11 5 87 108 14 53 15 67 94 - Liberty Bond Quotations. Range of liberty bond Quotations, fur nished by the Overbeck & Cooke company 01 fortlana: Liberty. 3s... do. 1st 4s do,2d 4s..... do. 1st 4s.. do. 2d 4 '4s... do. 3d 4s... do, 4th 4s.. Victory 4s. ... do, 3s High. ..88.10 ..87.46 ..87.12 . .90.66 ..87.24 . .97.76 ..97.72 Low. Close. 88.70 88.06 87 20 6.90 87.30 87.30 86.82 86.98 90.60 S0.60 86.94 87.14 97.58 97.72 97.60 97.72 BOSTON, Allouez ... Ariz Com Cal & Ariz Cal & Hecla...253 entennial .... 8 Mining Stocks. May 24. Closing quotations: ... 22 INorth Butte ... 10 . .. 82 lOld Dominion.. 22 51 lOsceola 31 IQuincy 40 Superior An ll uih Con 4 V-4nona 35 jvolverine 11 Cop Rge Co. . . 35Shannon k. sutte cop.. 9 lit. r ranKiin z Isle Roy Cod. . 21 L-ae Jopper.. 2 IGranby Cons. . . 23 Mohawk 52 j Swift Co. Storks. . Closing prices for Swift : Co. stocks at Chicago were reported by the Overbeck & Cooke company of Portland as follows: Swift & Co 97 Libby. McNeil & Libby 9 National Leather 7t .Swift International 25 - Money, Silver. Etc NEW? YORK, May 24. Prime mercantile paper. 6 7 per cent. . Time loans, steady; 60 days, 90 days and six months, 6 per cent. Call money firm. High, ruling rate, and' offered at per cent; Jow, closing bid and last loan 0 per cent. Bar silver Domestic. 99c; foreign. 58c, Aiexican dollars, 44c. v LONDON, May 24. Bar silver, 33 d per ounce. money, o -per cent. Ulscounf rates, snort bills. 0 per cent, - Foreign Exchange. Foreign exchange rates at close of busl ness yesterday, furnished by Northwestern rxational bank of Portland. The amoun quoted is the equivalent of the foreign unit In United states funds: Country. Unit. Austria, kronen Ht-lgium, francs ulgaria. leva Czt'cho-Slovaliia, kronen ... Denmark, kroner England, pounr sterling .... Finland, finmark France, francs Germany, marks i Greece, drachmas Holland, guilders Hungary, kronen Italy, lire Jugo-Slavia. kronen Norway, kroner Portugal, escudos Routuania, lei Serbia, dinara Spain, pesetas tweaen, kroner Rate. .$.0023 . .0806 . .0135 . .0133 . .181 .3.9X2 . .0231 . .0S66 . .017 . .056 . .357 . .005 . .0555 i. .0091 . .1575 . .0065 . .018 . .083 . .135 . .231: . .1805 . .495 .66 . .4875 bwitzerland.-v francs China Hongkong, local currency.. Shanghai, taels Japan, yen NEW YORK, May 24. Exchange, firm, sterling, demand $3.95. cables $3.96; francs. - demand 8-52. cables 8.54; Belgian francs, demand 8.52, cables 8.54; guilders. demand 415.46, cables 35.56; lire, demand 5.42, cables 5.44; marks, demand 1.64, ca bles 1.65; Greece, demand 5.43; Sweden, demand 23.23; Norway, demand 15.65: Argentine, demand, 32.75; Brazilian, de mand 13.75; Montreal, 10 per cent dis count. Foreign Bonds. 'Foreign bond quotations furnished 'by the Overbeck & Cooke company of Port land: Bid. Russion Rs. 1921 14 Russian 5s, 1926 Market Prices Ruling on Butter, Cheese and Eggs. SAN FRANCISCO. May 24. Buttei Bxtras. 35c: prime firsts. 34c: firsts nominal. Kkks Fresh extras. 26c: extra firsts. 25c; firsts nominal; dirties. 23c; extra pullets. 21 c: undersized. LSc. cneese flats. lancy. 10c: firsts, nom inal; Young Americas, 19c; firsts, nominal. CHICAGO). May 24. Butter Higher. Creamery extras. 28c; firsts. 22 6 26c; sec onds, 17621c; standards. 28c. Eggs Unchanged; receipts 36,991 casea NEW YORK. May 24 Butter Firm. Creamery higher than extras. 2962914c; creamery extras, 28c; firsts, 24 620c. Eirga slrm; fresh gathered extra firsta 25626c; firsts, 22 6 24c. , Cheese Irregular. state whole milk. flats, fresh specials. 15616c; state whole milk, twins, specials. Io016c. a SEATTLE, May 24. Eggs Select local ranch white shells, 2462oc; do., mixed colors. 23 6 24c; pullets, 18619c. Butter City creamery cubes. 29c: bricks or prints, 30c: country creamery extras, cost to jobbers in cuoes. 2dc. Leather Dividend Passed. NEW YORK. May 24. The Central Leather company today passed Its quar- erly dividend or 1 per cont on the pre ferred stock. The- company had main tained dividends on the basis of 7 per cent annually since 1906, a year after its organization. Cotton Market. -NEW YORK, May 24. Spot' cotton steady; middling, 12.75c. Singer's Midgets at Orpneum. Last time this afternoon. Aiv. Mex Pet .... 89.200 151 147 Miami 1,200 23 S 22 Mid States Oil 9,300 13 13 Midvale Steel. 800 27 27 M K & T, ... 900 2 2 do pfd .... .... Mont Power Mo Pacific... 2,600 22 21 do pld 700 41 39 Mont - Ward 900 21 20 Nat Enamel.. 1,300 51 51 Nat Lead ... 100 77 77 Nevada Con.. 300 12 11 New Haven .. 900 1 8 18 Norflk & West 900 97 95 North Pacific 8,800 71 69 Nov Scot Steel 100 .... 1 .... N Y Air Brke N Y Central. 1,000 68 68 Ok Prod ref.-. 900 3 3 Ontario Silver Ontario & W 100 18 18 Otis Steel .. 600 13 13 Pacific OH .. 2.700 3 7 36 Pa Gs & Elc 300 ,53 53 Vi Pan Am Pet. 8,500 67 65 do "B" .... 500 60 60 Penna 1.100 34 34 Peo Gas .... 1,000 50 50 Pere Marqtte 1,700 22 21 Phlladel. Co 33 32 Pure Oil 2,200 33 32 Pierce Arrow.. 20,200 26 22 Pierce Oil... 2,700 10 914 Pitts -Coal .. 2,000 6 61 Pitts & W Va 500 3014 29 Pullman 1,700 10J 99 Ray Cons ... 900 14 14 Reading 5.000 71 69 Remington . . 3,700 31 . 26 Replogle Steel 600 27 26 Republic I & S 3,600 58 57 do pfd Rep. Motors.. 700 15 14 Ryl Dutch OH 10,900 63 61 Ry. Steel Spg 500 86 84 S O Ind Sears Roebuck 2.600 77 78 Shatt, Ariz .. Shell T & T.. 700 43 43 Sinclair 13,500 26 25 Sloss Shef 100 South Pacific 4.100 76 75 South Railway 3,300 20 20 do pfd .... 400 St L & S F. . - 700 23 23, Strom Carb.. 1.000 38 '38 ' Sluaeuaker M 6li,3u0 74 72 10 3 8 26 51 42 21 14 47 26 52 154 5 5 1 147 22 13 . 27 2 4 53 21 80 20 51 -78 11 18 95 69 32 68 68 3 5 17 13 . 36 53 59 84 50 21 32 82 22 9 61 29 99 14 70 26 28 57 89 14 61 84 74 76 7 43 25 39 73 20 49 23 88 78 Vi Russian 6s. 1919.. French 5s. 1931 French 4s, 1917.... French 5s, 1920 Italian 5s, 1918 British 5s, 1922 British 5s. 1927 British 5s. 1929 British vky. 4s British ref. 4s Belgium rest. 5s.,, Belgium prem. 5s.. German W. L. 5s. . . Berlin 4s Hamburg 4s Hamburg 4s elpsig s Leipsig 5s Munich 4s Munich 5s . Frankfort 4s Jap 4s. . Jap 1st 4s. 1. Jap 2d 4s.. Fai ls 6s I U K 6s, 1921 U K 5s, 1922 , U K 5s, 1929 U K 5s, 1937 16 68 . ... 54 .. 79 44 394 . . . . 390 300 810 . ...279 73 .... 76 13 .... 14 16 16 .... 15 .... 16 18 17 . ... 16 .... 68 .... 84 .... 84 99 .... 99 9T 91 .... 85 .' Ask, 17 8 18 68 .-).' 80 45 404 400 400 820 2S9 76 7 14 15 17 . 17 17 18 17 19 17 68 85 85 99 99 97 91 86 Coffee Loses Previous Gains. NEW YORK. May 24. Coffee futures lost part of yesterday's gains as a result of realizing by old longs who sold July con tracts down to 6.11 and September to 8.47, or about 5 to 8 points below yester day's best levels. The general market opened unchanged to 8 points lower and closed at a net decline of 4 to 9 points There was very little business, but the technical position seemed a shade easier after the advance of the previous day. Close: ilay, 5 94c: July,' 6.11c; September, 6.49c; October, 8 64c; December. 6.94c; January, 7.04c: March. 7.24c. Spot coffee quiet, at 6 to 6c for Rlu Naval Stores. - SAVANNAH. Ga., May 24. Turpentine firm, 58c; sales, 98 barrels, receipts, 404 barrels; shipments, 14 barrels; stock, 8091 barrels. Rosin firm; sales 863 barrels; receipts, 738 barrels; shipments, 334 barrels; stock, 74,916 barrels. Quote: B, $3.50; D, $3.90: E, $4.15; F. $4.20; G, $4.25: H, $4.30;. I, $4.45; K. $5; M. $5.60; N, 18.35; WG, $6.S5; WW, $7.35. Metal Market. NEW YORK. May 24. Copper steady. Electrolytic, spot and nearby, 13 Vic; fu tures. 13 13c. Tin weak, spot and nearby, 8232.50c; futures,- 3282.50c . Iron nominally unchanged. Lead steady. Spot, 5c, Zinc quiet. East St. Louis delivery, spot, 4.85 64.90c. Antimony, spot 5.25c. ' New York Sugar Market. NEW YORK, May 24. Raw sugar, S.02o for centrifugal; refined, 6.30c to. 6.60c for fine granulated. Dried Fruit at -New York. NEW- YORK, May 24. Evaporated ap ples firm; prunes, strong; peaches steady. Duluth Linseed Market. DULUTH. May 24. Linseed on track and to arrive, $1.88. Closing Quotations Show Gains of 5 i to 7 Cents Few Buyers in 3Iarket; Coarse Grains Strong. CHICAGO, May 24. Crop failure news from Nebraska sent the wheat market soaring today, although earlier a decided break in values had taken place. The close was flurried, 5c to 7c net higher, with May $1.73 to $1.73 and July $1.34 to $1.34. Corn gained 2c to 3c and oats 2o to 3c In provisions the outcome varied from -unchanged to 10c advance. Reports that the Nebraska wheat crop is showing the, same morbid discolora tion that has of late been characteristic in" Kansas brought about a wave of buy ing after midday and made sellers hard to find. The central and eastern parts of Nebraska were said to be especially affected and to be making no improve ment where there had been favorable weather. Heat and drought which pre vailed elsewhere ovec the greater part of the wheat belt counted further as an . Incentive toward higher prices at the last. The May delivery fluctuated over an unusually wide range, a maximum of 13 c, but business In that month was relatively small. Scattered snorts bid up May, Although caeh wheat was com manding only about a delivery basis for most grades. Corn and oats ascended with wheat. Trade in corn showed much more activity than 'has been the rule. In provisions the effect of lower quota tions on hogs was more than counter balanced at the last by the strength of grain. The Chicago market letter received yes terday by the Overbeck & Cooke company of Portland said: WHEAT It was a big broad market with the predictions of showers for the southwest soon forgotten, after the dip early in the day. Bullish sentiment was rampant and the trade gave more atten- tion to the reports of crop deterioration coining from Kansas than to any other news. The tact that tne crop eisewnere i: in good condition apparently meant noth ing, as the idea seems to prevail tnat period of high-temperatures will be fol lowed by reports of the crop going back in otner states tne same as it naa in Kin sas. This, of course. Is entirely fheoret leal and leaves the situation dependen upon weather conditions. The immediate supply and demand sltuatie'n looks more bearish than for montns, m tnat it is no much easier to buy wheat in the country than sell It for export shipment or for domestic use. CORN After displaying uneasiness early in the day, an oversold condition was disclosed and prices advanced rapidly without any particular incentive except that receivers reported country offerings had diminished on the break. This gave confidence to those bullishly incltned that the country holder will not sell in vol ume except as market advances offer more attractive prices. Early sales of casn corn were at cash prices, but before the close sales were made at 2 cents ad vance. It is likely there will be a mate rial Increase in country offerings over nieht. OATS Trade was mixed early in the day. but developed pronounced strength later in syTnpathy with other grains and on buying Induced by crop advices telling of poor prospeuts in many localities. Cash nrices were 2c higher and the spot trad ing basis firm. Increased country selling is looked for on anvvfurther bulge. RYE Seaboard interests were again conspicuous buyers of futures and reports suggest that a sizeable amount or export business was being worked. One cargo of 235.000 bushels was confirmed as hav- ine- been sold for foreign shipment. Cash rye was steady at May price for No. 2 on track. Leading futures ranged as follows: WHEAT. ' Ooen. . High. Low. Clow $ 1.68-$ 1.74 $ L61 $ 1.73 1.27 1.35 1.2U 1.34 - CORN. .61 .04 .61 64 .64 .67 63 .66 OATS. .40 .43 " .40 .43 .41 .45 J41 .45 SS PORK. 5 Iambs .. 42 3.001 1 hog .... 670 80 lambs .. 50 5 00U8 hogs ... 1S9 39 lambs .. 2 6.00 1 hog .... 470 11 lambs .. 59 5.00 3 hogs ... 2l0 7 Iambs .. 71 6 50 8 hogs ... 19 5 lambs .. 76 8 50 3 hogs ... 143 13 lambs .. 67 6.501 2 hogs ... 200 3 lamsja .. 62 6.50114 hogs ... 295 11 lambs .. 60 6.5A15hogs ...209 17 lambs .. 68 6.50 8 hogs ... 183 48 ewes ... 120 2.5M 7 hogs ... 212 2 ewes ... 155 2.50112 hogs ... 155 12 ewes ... Ill 8 .001 4 lambs ... 67 19 ewes ... 153 2.5o35 lambs 68 35 yearl. . . 93 4.00I256 yearl. .. 90 2 yearl. .. 120 4.3o 7.00 9 50 , 9 50 ; 9.50 1 9.00 I 8.75 9 30 I 9.50 I 9 25 9.25 8.50 7.00 3.25 I Livestock prices at the local yards fol low: Choice steers j....$7.25 7.50 Medium to good steers .75 T 25 Fair to medium steers ........ 6.0'ifrii 6.73 Common to good steers ....... 5.00'i 6 00 Clnmi mn-o anH h.lf.H -.11., u -. Medium to goow cows, haifers. B.nofiii 5.50 I Fair to medium cows, heifers.. 4.50CI 5 no j Common to fair cons, heifers.. 8.50HD 4.30 1 Canners .......... Bulls Choice dairy calves .......... Medium light calves Prime light calves Heavy calves Best feeders Fair to good feeders Hogs i Prime light f Smooth heavy, 250 to 300 lbs.. smooth heavy, 300 lbst and up. illlllllllllllllMlHlIlM 3.Mli 8.50 2 2.50M 4.73 9.50610.00 1 6. not 9. on I 9.00 rD 9.50 j 3oiii 6.00 zr: 5.50 6 5.73 ' T 4.756 C.25 Rough heavy blags , Fat pigs Feeder pigs ... Sheep Prime lambs .. Fair to good .. Cull lambs .... Feeder lambs . Light yearlings Heavy yearlings Light wethers . Heavy wethers . ENves , 9.50f 9.73 7.73 6 8.75 . 8 75SS T.75 S.OOCi) 3.75 4.1HIM 7.73 9.00f' 9.75 8.306 9-50 7.00i T.23 6.006 7.00 4.50 ft 5.50 3.00 4.50 5.00 6 O.50 4.50 it 5.O0 4.5u 5.00 3.50H) 4 50 V 1.006 4.25 May. July. July. Sept. July. Sept. IT. 23 .- 17.23 LARD. 9.62 9.80 9.62 9.77 10.00 10.10 10.00 10.10 SHORT RIBS. 10.05 . 10.10 10.05 10.05 10.37 10.37 10.32 10.32 $1.67; No. 2 hard, May... July... July. . . Sept.. . July... Sept. . . Cash prices were: Wheat No. 2 red, $1.64 61-67. Corn No. 2 mixed. 60c; KO..Z yeuow. 60 6 63 Vic. - Oats No. 2 whlte 4Uc; no. s wnue, 39689c. Rye No. 2. Ji.4. Barley 50670c. Timothy seed 4.50T6. , Clover seed $13618. Pork Nominal. Lard $9.47. Ribs $9.50610.50. Car Receipts. Eastern carlot receipts were: St. Louis Wheat, 26 against 82; corn, 58 against 48; oats, 24 against 21. Omaha Wheat, 4o against 80; corn, against 56; oats, 12 against 32. Kansas City w neat. 181. against tw; corn, 16 against 17; oats, 11 against 9. Chicago Wheat, 40; corn, do; oats, 130; rye, 65; barley, 6. Minneapolis Grain Market - MINNEAPOLIS. Minn.. May 24. Wheat No. 1 dark northern. caSh,'$1.83 6 1 92 ; do, arrive, $1.8061.88; No. l'dark hard Montana, cash, $1.69 6 1.71 : do, ar rive. $1.69V: No. 1 hard Montana, cash. $1.676L68: do, arrive, $1.69. Barley, 4o(0)bc. Flax No. 1, $1.801.9L Futures: Wheat May, $1.52; July, $1.36. Char ago Livestock Market. CHICAGO. May 24 Cattle ttoOO; beef steers slow, steady to 25c lower; top steers, 9 to Wisconsin; bulk beef steers, $7.75w 8.50; butcher she stock, caiVes. stockers and feeders steady; fat cews and heifers largely $5.50 6 7.00; bulk calves, $869; bulls, 25e lower; bulk. $4.505.75. Hogs 86,000, fairly active. 10 to 15c lower than yesterday's average: lights off most; lop, 3.o; DU1K, So.:i0 ft S.6-: pigs mostly 10 to 15c lower; bulk desirable around $8.50. Sheep 12,000, opening slow, bids gen erally lower; desirable native springs. $12613; good shorn Iambs, $11; best held higher; best ewes, $5. Omaha Livestock Market. OMAHA. May 24. Hogs 13.000, market mostly 10 to 15c lower, closing 15 to 25c lower on heavy grades: bulk ISO to 240 pound butchers. $868.30; top, $8.35: bulk butchers, 250 pounds and over, $7.5067.90. Cattle 4.70O, beef steers steady to 15c lower; top university fed yearlings. $8 85; she stock steady to 25c lower; bulls weak to 25c lower: others weak. Sheep 6000, lambs steady to easier; bulk spring lambs. $11,256-12.25: top wooled lambs, $11.50; clipped lambs, $10.50; sneep ami, i lower; best clipped wethers, $0; ewe, top, $5; few feeders here. nil Know where you stand at the end of June. Have something left over. Start a budget June 1 and Apportion certain amounts for necesary things. Make "savings" the first on the list. Those who followed our suggestion and started this plan last month have growing savings accounts at this bank to show for their effort. A budget book is yours for the asking here. LUMBE KMENS Irus tympany -IRA IS" J Kansas City Livestock Market. KANSAS CITY, "Mo., May 24. Cattle 11,000, beef steers slow, steady to 25c lower; heavy kinds weakest: best held around $8.50: early sales, $66-8.25; she stock and bulls steady to. weak; few heif ers, $7&-8: cows mostly $566; calves steady to 50c lower; packer, top, $.8; few above $7.50; canners and feeders steady; most canners $2&r2.50; heavy fleshy feed- eis. o; gooa i exas stockers, $i. Hogs 15,000, active, lights and medium weak to 10c lower; heavies. 10620c lower; best lights to shippers, $8.30; bulk. $7,806 8.2o; packing sows steady; high steady to Oil Sheep 9000. Mostly 5075o lower: some off more; shorn Texas wethers, $4.85 6; top ewes, $4.60; lambs, 23 630a lower; best native and Arizona snrinc- Inmhw. $11.75; most good natives $ll4ll.50. Seattle Livestock Market. SKA TILE May 24. Hogs Lower; no receipts, quotations: Prime. S!l -'5ffi.9 7.V smooth heavies. $7.2567.75; rough heavies, $4 4i 5.75; pigs, $8610.50. Cattle Lower; receipts. 28. Quotations: Prime steers. $7.75fti8: medium to clinii-e. $rtfc i ; common to good, $1.506 5.50; bestH cows and heifers, $6.o0di7: 'medium to choice. $56'6; common to good, $465; bulls, $4 6 5.50: light calves. $11612: heavi calves, $t6)7. to raise funds to pay for tombstones for Aberdeen ex-service dnd. Slntrer's Midgets at Orphcum. T.r.st time this afternoon. Adv. Memorial Plan Fund Xovel. ABERDEEN, Wash., May 24. (Spe cial.) James J. Sexton post. Veterans of Foreign Wars, has ordered 500 sets of metal automobile plates bear ing the name Aberdeen, and will sell them to Aberdeen motorists. Pro ceeds will be devoted to various ac tivities of the Veterans' post, among them the Veterans' Boy Scout troop. and completion of payment on a bronze memorial tablet erected at the county court house in Muntesano, commemorating the Grays Harbor county soldier, sailor and marine dead. Grays Harbor jLogrger Killed. ABERDEEN, Wash., May 24. (Spe cial.) A broken line at the camp of Walker Bros. Logging: company, near Humptulips, instantly killed Guy C. Fillmore, 30, a rigger employed at the camp, Saturday. The broken line struck him in the neck. Fillmore is survived uy his widow and 6-year-old son, who live at Humptulips, and by his parents in Seattle. Interment will be at Humptulips. Orchardlsts Fighting Aphis. PROSSER, Wash., May 24. (Spe cial.) OrchardlstB have been com pelled to spray as often as twice in one week to check the damage being wrought by aphis, which have ap peared in unprecedented numbers and are not so easily destroyed as heretofore. Owing to the big crop of apples and the probability of a high price for this fruit, owners are sparing no expense to combat the de structive pest. Singer's Midgets at Orpneum. Last time this afternoon. Adv. , Grain at San Francisco. SAN FRANCISCO. Cal.. May 24. Grain Wheat, teed, $2.30 6 2.50; do, milling. nominal; barley, feed, $1.22 61.27 : do, shipping, $1.3561-45: oats, red feed, $1.50 L65; rice, nominal; corn, wnite Egyp tian, $2.3062.40; red mllo, $1.9562.10. Hay Wheat, $15620; tame oat, $15 17: wild oat, $1013: barley, $1113; al falfa, $14616; stock, $10612 a ton; straw, nominal. ' Seattle Grain Market. Hard white, $1.45; soft white, $L43; white club, hard red winter, soft red winters northern spring and eastern red Walla, $1.40; Big Bend, bluestem, $1.47. Feed Scratch, $.il a ton; baby scratch. $67; feed wheat, $55; all grain chop, $42; ts, $39; roiled oats. S4l; sprouting oats. $44; whole barley. $39; rolled barley, $41; Hoped barley, fe-fto; miuea teea, d; Dran, $30; whole corn, $40; cracked corn, $42. Hay Alfalfa, $24 a ton; double com pressed alfalfa, $31; do, timothy, $33; eastern Washington mixed, $30; straw, $24. Holiday at Winnipeg. WINNIPEG, May 24. Holiday in grain market. Memorial Fund Being Raised. ABERDEEN, Wash., May 24. (Spe cial.) To raise funds to commemo rate the eoldier dead, 100 Aberdeen school girls will sell imitation pop pies on the streets here next Thura day, Friday and Saturday, as a part of the local observance of "National Poppy Week." One hundred dollars was realized from a card party held Saturday in the American Lepion hall NORTHWESTERN MUNICIPAL BONDS Tax Exempt Yield. Price. State of California Highway 51ls, due 1927 98.71 State of Oregon 4s, due 1928 93.88 Spokane County, Wash. 5s, due 1930 91.92 Marion County, Oregon 5's, due 1927 98.72 Jefferson County, Or. 6s, due 1910 100 Pierce County, Wash., 6s, due 1921-1929 100 Port of Astoria Ore. Gs, due 1922-1931 99.00 6.15-7.00 5.50 5.50 5.75 5.75 6.00 6.00 Write or call for circulars descriptive of the above issues. Blyth, Witter. & Co. UNITED SATES COVERHMEJTT rtUNIOPAI. ATO CORPORATION BONDS CUTTLE FROM UMflS OXIiY KECErPTS AT YARJS ARE BY BOAT. Stock Moved Before It Is Heady for Market Price's Steady in All Lines. There were no rail receipts of livestock at the yards yesterday, but a boatload of island cattle came in from the Columbia river lowlands and these were hardly ready for market. Tradlnt was quiet throughout the day and prices were about steady in all lines. No changes were made in quota tions except a revision in the price of light yearling weathers. Receipts were 91 cattls, 15 calves, 8 hogs and 35 sheep. 1 The day's sales were as follows: 1 cow . 1 cow . 2 cows . 1 cows . 1 calf .. 1 calf .. 2 calves 3 calves 9 mixed 5 hogs . 1 hog .. 8 hogs . 3 hogs . 14 hogs . 8 hogs . 1 hog . . 1 hog . . SO lambs XVeU Pee. . . S0 $4.0() .. 870 4.00 .. 760 ..1270 5.7.1 120 10.00! 5 yearl, . 75 yearl. 2.5f 1 yearl. ., 38 yearl. . 252 yearl. , 140 10.00111 steers 155 10.001 148 10.00 404 5.501 176 800 247 213 300 227 310 140 9.50 9.50! 9.50 8.7 Wgt. Pee. 7S Ill.UU 87 2.00 5 steers 8 steers 1 calf . : lcalf .. . 70 . 78 . 75 .'845 . 758 727 5.50 6.00 4.50 6.00 6.25 5.25 Market Leadership Shifting ' To the Railroads? That question is answered in clear and concise form in comprehensive re view of the railroad situ ation which also gives interesting data on a number of railroad stocks and bonds. We have a limited num ber of copies available for free distribution. Write immediately Dept. PG-51. to &RRLE5 RClRRKSDN & Us 66 BROADWAY NEW YORK TEL-BOWLING GKEEN 4020-30 pAREFUL 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. Government of Newf oundland 6Vz Gold Bond Due June 30, 1923 Price 95.83 and Interest To Yield 7.25 Principal and Interest Tarable In I'nited fciair Gold Coin WESTERN BOND & MORTGAGE CO. Ground Floor, Board of Trade Building1 MAIN 113 80 FOURTH ST. 8.001 1 calf lcalf .. 4 calves 6 hosrs .. 8.751 7 hogs . S.nol 5 hoes . 9.501 3 hogs . 6.80;lobuSi 130 10.00 170 10.00 280 8.00 100 9.50 167 tO 00 i on o 7S 1S2 9.60 1 182 9.50 100 9.50 9.50 HEREIN & RHODES, Inc. (Established 1884) BROKERS MEMBERS CHICAGO BOARD OF TRADE. Correspondents, E. F. HUTTON CO. Members New York Stock Ex change. Private Leaned Wtrea Direct to All Security and Com modity Markets. LIBERTY AND VICTORY BONDS BOUGHT AND SOLD MAIN 283 and 2V4 Ml-fi RAILWAY UXCH. BLDQ. TEXT BOOK ' - OF . WALL STREET A 40-page book (copyrighted) discussing clearly and unmis takably rules governing stock market transactions: Methods of Trad Ins;. Commission Rate. How to Open an Account. Augmenting One'a Income. Deponlt Requirements for Car rying; Stocks on Account. Dictionary of Wall Street. History of the New York Stock Exchange. Hlatory of the New York Curb Market. Foreign Exchange. And many other subjects of In terest to investors and stock trader. Copy free upon request. ! McCall & Riley Co., Inc. 20 Broad Street New York Phone your want ada to The Oro- g-onian. Main 7070, Automatic 560-9S. American Power & Light Co. SO-ycar. 8 Gold Bonds Price OSV-i, to nrt 8.13 This ' company firrniKhes el'ntrla Mirht and power to 2.11 communif jes. The Portland Gnu Coke t:o. and 'l bs I'oclfic Power A' Light Co, are sub sidiary companies. learnings available for Interest, 9. ST times the amount required. A direct obligation of the company and additionally secured by bonds of -Hher companies in Nebraska, Kansas and Texas at a ratio of 200. An unusual opportunity for a lonar term investment at an attractive rais of interest. T.'o strongly recommend them. . "Robertson & EWlmg investment f tcunrrit J NORTHWESTERN BANK ttl.06. MjummuJsii ff PAYMENTS mm Ml On Mch rryrl Wry ry Steak f m Rorftona. PurcHa..rr-v 1 f J F.M?CoVrnC? . M -W. rVMOW-' .rWn