21
TIIE MORNING OREGONIAN, FRIDAY, MAY 2T, 1921
LONDDNBUYERSWLL
REJECT DIRTY HOPS
Growers Must Pick Cleaner
Than Last Harvest.
WARNING SENT TO COAST
English Association Calls Attention
to 'Disgraceful Manner' In Which
Recent Deliveries Were Made.
The London Hop Merchants' association
has gone on record as to its opinion of
the quality of the 1920 hops shipped from
the Pacific coast and announce very
plainly what will happen if the coast
growers attempt to deliver the saJne kind
of roods on contract in the comins; season,
Warning Is given that dirty picked hops
will be rejected If tendered.
I. Tophara Richardson, chairman of the
Hop Merchants' association, writes to Th
Oregonian from London:
A chairman of our hop merchants'
association I am desired to hand yon copy
of a resolution passed at a recent meet
ing of the association to which prac
tically all the merchants have appended
their signatures. I can only hope that such
a strongly representative opinion will have
the effect of inducing more care to be
exercised in the gathoring of the 1921
crop of hops."
, The resolution adopted at the London
meeting follows:
- "This meeting of the Hop Merchants
association desires to record Its dissatis
faction at the disgraceful manner in which
the Pacific coast hops were delivered un
der contract this season, the percentage of
leaf and atrigs heing quite abnormal, evi
dently owing to gross neglect In super
intendence of picking and thus Invalidating
the contract conditions which stipulate
for clean picking and unanimously pro
claims Its Intention to decline to accept
rfaTiurUa under contract next season if
the conditions referred to are not honestly
'arihrf4l to."
The, following English hop firms signed
the resolution:
Hugh Baird A Sons, Ltd.; Bakers, Wal
ton A Morgan, J. T. Best Sons, Charles
Bevan, Biddell Broa, W. Brooks A Son,
J. -w. Buckland & Son, G. Gascoyne Co.,
a Horsley & Co., E. Clements Horst &
Co.. G. W. Hall & Co., Matthews Aldous
A Co., Louie May. A. Morris A Co., Pike
Sons A Co.. Strauss A Co., Thomas A
Tyler. J. H. Thornberry & Sons, E. Webb
ft Sons, Wigan, Richardson ft Co., A. Wol
ton ft Sons, Wood, Hanbury, Rhodes ft
Jackson. Woolloton & Son.
WHEAT BIDS ARE CI T 4 TO 5 CENTS
Market Is Weakened In Big Slump al
Chicago.
The break in the eastern wheat market
was not unexpected by dealers here who
lowered their bids In the country 4 to
S cents a bushel. Farmers did not re
spond readily to the decline and but little
business- was reported at any point. At
the Merchants' Exchange session the only
bids made were on hard white, white club
and soft white. These were 4 to 5 cents
lower for May and 8 to T cents lower for
the June delivery.
Corn offers were reduced 50cfi$l.SO.
Oats were unchanged.
Because of small stocks of millrun on
hand and the active demand, mill prices
were raised $1 a ton.
Le Count's report on crop conditions
said: "Wheat In the territory around Mex
ico, Mo, is below average. Lots of good
promising fields; much is sickly and small
with thin stand; wheat badly affected with
red rust; Hessian fly in all fields and some
damage will result aa crop has been con
siderably reduced; still there Is no calamity
in sight. Oats fairly promising but need
Tain. Very hot."
Minneapolis millers announced advances
of 15 to 20 cents on flour, 10 to 20 cents
on rye flour and $1 on dairy feed, mixed
feed and middlings.
Terminal receipts, in cars, were reported
ly the Merchants' Exchange aa follows:
Portland Wht. Brly. Fir. Oats. Hay.
Thursday . - ... . :
Year ago . . . . ' -o
Season to date J (.J;
Year ago .... S,4ol
Teeoma
Wednesday .. 12
Tear ago .... 5
Season to date 4.6T
Year ago 7,033
Seattle
Wednewlay .. 12 ...
Year ago .... 81 ...
Reason to date 4.514 215
Year ago 8.228 247
EGGS FIRM, WITH LIGHT RECEIPTS
Ont-of-Town Orders Are Being; Cora
. pleted Butter In Demand.
Eggs were firm, with most of the buy
ers offering 17 cents to country ship
pers. Resales were made on the street
at 18 cents. The completion of out-of-town
orders, together with decreased re
ceipts, was responsible for the strength
of the market.
Cube butter continued firm at the 26
cent basis for extras, with further de
mand from the south. City print trade
was reported good.
Poultry receipts are steadily Increasing
and the market is becoming weaker..
Light hens sold yesterday as low as 18
cents.
The trade in country dressed meats is
still unsatisfactory.
hard wheat, t 25; bakers' bluestem pat
ents. $7.75; valley bakers' 17.25; straights.
7.25.
MILLFEED Prices f. o. b. mill: Mill
run, $32 per ton; rolled barley, $38640;
rolled oats. $41; scratch feed, $r2 per ton.
CORN Whole, J41; cracked. $44 per ton.
HAY Buying prices f. o. b. Portland:
Alfalfa, $ IS 6 18.50 per ton; cheat, $226 23
per ton; clover. $1U; valley timothy, $24
&25; eastern Oregon timothy, $26.
Dairy and Country Produce,
BUTTER Cubes, extras. 20c lb; prints,
parchment wrapped, box lots, 30c; cartons,
31c Buttertat. buying price: A grade,
25c; B grade. 23c Portland delivery.
EGGS Buying prices, case count, I7C
delivered. Jobbing prices to retailers:
Candled ranch. 21t22c; selects, 24c
CHEESE- Tillamook triplets, price te
Jobbers f. o. b. Tillamook, 19c; Young
Americas, 20c pound.
POULTRY Hens, 1826c pound; ducks,
nominal; geese, nominal; turkeys, nom
inal. PORK Fancy, 13e per pound.
VEAL Fancy. 13 13 ',4 c per pound.
Fruits and Vegetables.
FRUITS Navel oranges. $3.3705.75 per
box; lemons. $4 5.25; grapefruit, $30
9.50 per box: bananas, 8ttj10c pound:
apples, $1.50(3 box; strawberries, $3.50
ttl crate; cherries, 230 Sue pound; can
taloupes, $15 crate; peaches. 3.50 box.
VEGETABLES Cabbage, ShiVBc pound:
lettuce, $3.75 per crate; . carrots. $1.60
per sack; garlic 20c per pound; beets.
$1.50 per sack; green peppers, 3040c per
pound; rhubarb, 4arc pouna; spinaca.
6V47c per pound; turnips, J1.506 3 per
sack; tomatoes, $4.50 per lug; cucumbers.
I1.751r2.75 per dozen; peas, hdiic per
pound; asparagus, $2 per dozen; Deans,
17 9 18c
POTATOES Oregon. $l.Z5ni.ou per iui
pounds; Yakima. $1.501.75; new Califor
nia, 5c per pound; sweet potatoes,. $3.75
per crate.
ureffon, loctrn per sac; 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, 30030c pouna: Brazil
nuts, 30c; filberts, 12c; almonds, 2430c;
peanuts, 86llc per pound; cocoanuts, $1.(0
per dozen.
RICE Blue Rose, 6c per pouna; japan
style. 4 3ic per pound.
BEANS Small white, 44c; pina, fc;
lima, 8c; red, 8c per pound.
COFFEE Roasted, bulk, in drums, no
36c per pound.
SALT Granulated. Bale. S3.40fr.za:
half ground, ton. 50s, $19.75; 100s, $1U.2j;
lump rock. $26.50.
DRIED FRUITS Italian prunes, Vic
pound: date. $1. 25 g 6.85 per box; figs, $2
05.25 per box.
Hides, Hop. Etc.
TALLOW No. 1, 3VS4c; No. 2, 2V43c
ner DouDd.
CASCARA BARK 1920 peel. 7c pound;
1921 peel, 6c pound, delivered portlana.
HOPS 11)20 crop, best. 20c per pound.
HIDES Salted country hides. 4c deliv
ered Portland; grubby hides, Sc; city calt
skins, 12c; country calt skins, 10c; good
kip. 6c; grubby kip. 4c.
WOOL New clip 104? 18c per pound.
MOHAIR New cnp, 16c per pound, de
livered Portland.
CHAIN BAGS 8SHc at country points.
Provisions.
HAMS All sizes, S036c; skinned, 31
36e; picnic, 18c; cottage roll, 28c
BACON Fancy. 43 53c; choice. 30(9
35c; standard, 25 ? 27c
LARD Pure, tierces, 16c pound; com
pound, tierces, 11c
DRY SALT Backs. 20 23c; plates. 16c
INCREASE rX BCRIjIXGTOX
DIVIDEND IS FACTOR.
Probable- Success of French Gov
ernment Loan Adds to Firm
ness of Liberty Bonds.
NEW YORK. May 26 Stock trading to
day was of an uncertain character. Fur
ther short covering was prompted by the
approaching holidays and favorable rail
road earnings.
Other encouraging factors Included an
increase in the Chicago. Burlington &
Qulncy dividend, with resultant benefits to
the Hill roads; the probable success of
the new French government loan and In
dications that the administration had In
stituted measures to stabilize the Inter
national financial situation.
Apart from several of the more repre
sentative stocks, however, the list showed
little evidence of outside support.
Rails, oils, steels, equipments, shippings
and coppers again encompassed much of
the day's operations at extreme gains of
1 to 3 points.
Chief elements of weakness were the
rubber and tire Issues, as well as food
specialties and several unclassified stocks
whose dividend records were believed to
be errdangered. Sales amounted to 565.000
shares.
Further withdrawals to meet federal de
mands and June Interest and dividend
payments forced call money from Its open
ing rate of 7 to 7 per cent in the final
hour. . Bank demand acceptances rose to
7 per cent, but time rates and commer
cial paper were unchanged.
Rates on London continued to react;
there was another sharp break In Dutcn
remittances, and French, Belgian ana
Spanish bills were firm to strong.
Liberty issues and some of the foreign
bonds were active and strong In anticipa
tion of the outcome of the new French
flotation. Total sales, par value, $12,
875,000.
CLOSING STOCK QUOTATIONS.
Tenn Cnp ft Chem 100
Texas Oil 4.100
Texas Pacific .... 4.100
T P C & O 3,200
Tob Products .... 800
Trans Cont Oil... 4.100
Union Oil Del.... 9.5(10
25
2t14
9
24-),
S9H
24
9 'A
23
-' lJ4.
23
Pnion Pacific l.dOO 120V, 119 HUM:
United Food Prod 1.800 2034 19S4 lflvi
l nlted Fruit ,
United Rds of N J
do preferred.... 100
United R Stores 60
U S Ind Alcohol.. 200
U S Rubber 22,500 70i
no ist pta. .
i!g!DMAND AT YARDS SLOW
109
10
23 M
60
68
67 67
60
U S Smelting
U s steel
do preferred..,.
Utah Copper
Virginia Chem ...
Vanadium Steel ..
Vivandou
Wabash
do preferred . . . .'
do "B" pfd
Wells Fargo......
Western Pacific...
Western Union....
West'house A B. .
West'house E ft M
West Maryland . .
White Motors . ...
Willys-Overland ...
do preferred ....
Wilson Packing...
Woolworth
Worth Pump
' mo ni w. loi k loi
43 '
8,800
"566
2', 500
2,500
200
83
56
31
32
S14
8
82 82
101
1,000 23
65 34
3034
31
8
8
22
800 46 45
'ihh 38 37"
4.200 8 8
200
200 89 39
10(1 11334 113
200 50 49
BONDS. .
NYC deb 6s..
Nor Pac 4s
do 3s
P T & T 6s. .. .
Penn con 4s.
S P cv3s
U S 2s, reg. .100
do coupon... 09
do 4s, reg.. ,104
do cv 4s cou104
Pana 3s, reg.. 77
do 3s cou. .. 17
A T & T cv 6s 974 ISou Ry 5a
Atch gen 4s.. 7534lInion- Pac 4s.
D ft R G c 43 64 U S Steel 5s...
55
30
31
7
8
z:
14
t:
28
8
45
10
38
8
Sti
113
49
87
73
64
83
JO
87
82
SO
93
TBADLVG QUIET IJT ALL MXES
OF LIVESTOCK.
Bid.
Mining Stocks at Boston.
BOSTON, May 26. Closing quotations
1S4
99
6.2 3
7 . .. 1
1050 557 238(5
3SM 312 2191
1
0S7 183 "fii'S
3163 1 77 836
5 11
2
528 469 1435
1160 645 1221
Quality of Berries Affected. "
There was a strong demand on the
street for strawberries, but the trade
was handicapped by the poor quality of
many of the receipts. Some of the south
.em Oregon shipments showed the effect
of sunburn, and most of the California
Berries appeared to have been picked
after a hard rain. The best Oregons sold
at $5 5.50 and poor lots down to $4.
Clark Seedlings from up the Columbia
were quoted at $7. California berries of
good quality were held at $44.25.
Wheat Shipments Are Lighter.
Wheat shipments In the past week and
in the same week last year follow:
Wk. ending Wk. ending
way 1.
TJ. S and Canada.. 7.2!.0i0
Argentina 2.19O.0OO
.Australia 2,584.000
May 22-20.
4.2JIJ.0K0
8.S4I.(Hlo
1.256. 000
Total 12.013.000 13.S90.OO0
Shipments tor the season to date com
pare as follows:
Total since Same period
Julr
TJ. S. and Canada. -3:(3. .170.000
.Argentina 77,O7O.(hi0
Australia 67.44U.OO0
Others 10.482.ooo
last season
203.Srt2,000
2(K".2M).000
86.506.IN10
1.842.000
Total
. . . 54S..WS.000 661.490,000
Bank Clearings.
Bunk clearings of the northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland $4,164,219 $934,308
Seattle 3.905.526 748.446
Taooma 430,780 43.166
Spokane 1.228.126 466.774
PORTLAND MARKET QUOTATIONS
Grain. Floor and Feed.
Merchants' Exchange, noon session.
Bid-
Oils.
LINSEED OIL Raw, In barrels, 99c;
five-gallon cans. $1.14. Boiled, in barrels.
$1.01; five-gallon cans, $1.16.
iUKflf.N l i.'N n, in arums, c; live-gai-lon
cans, $1.12.
WHITE LEAD 100-Ib. kegs. 13c per lb.
COAL OIL Tank wagons and iron bar
rels. 17 c; cases, 303(C
GASOLINE Tank wagons and Iron bar
rels, 28c; cases. 40 c
SAJJ FRANCISCO PRODUCE MARKET
Priees Current on Vegetables, Fresh Fruits,
Etc, at Bay City.
SAN FRANCISCO. May 26. Vegetables
-Asparagus, 3f&irc; Italian squash, $1.25
1.75: potatoes, new, 23c; sweets,
Nancy Hall, $60.50; unions, Australia
brown, nominal; crystal wax, $1,5061.75
crate; green, si.gaitf box; tomatoes, 1m
perial. $2&2.50; celery, nominal; garlic
6'a8c: bell peppers, 10&)2oc; chill, 1532oc
peas, 710c; rhubarb, $22.25; lettuce,
$2jf2.25; artichokes, $4&9 crate; spin
ach, 2&;ic; beans, l.'2ic; beets, Sl.i
fe2 sack: carrots, $L251.50 sack; egg
plant, 1020c; green corn, $44.i0 sack.
Poultry Young chickens, 25 d 60c ; staggy
roosters, 200 25c; old, 13 wise; hens, 20 0
32c; ducks, 2535c; geese, 25c; turkeys,
live, 40c; dressed. 45&50c; Belgian hares,
live, 20 22c; dressed, 25 28c; squabs.
4548c; pigeojs, 3ljp3.o0.
Fruit Oranges, navel. $2.755; Valen
cia, $33.75; lemons, $2.5U4; grapefruit.
$2u3.7o; apples, Slffj'.oO; strawberries,
50&'60c drawer, $11.35 crate; raspberries,
$1.2dol.uO arawer; gooseDemes, ug&'iuc
bananas, 8(ft10c; avocadoes. $36 dozen
cherries, Sluil.u llat box; dllc pouna
apricots, $2&2?25 f-basket crate; $33.50
lug: watermelons. 10c pound; peaches.
$2(lr2.25 box; cantaloupes, standards.
$8610; ponies, $6 47.50: flats, $33.50
figs, s3(M.d; currants, si. -og? i.io orawer
loganberries, black, $1 drawer; plums, $
ner box.
Receipts Flour, 4056 quarter barrels
beans, 43d sacks; barley, 2o(6 centals
corn. 800 centals; oats, 90 centals; pota
toes, 1182 sacks; onions, 60 sacks; hay,
70 tons; lemons and oranges, 400 boxes
livestock, 300 head.
QUOTATIONS ON DAIRY PRODUCE
Market Prices Ruling on Butter, Cheese
and Eggs.
SAN FRANCISCO. May 26. Butter-
Extras, 34c; prime firsts, 33 c: firsts,
nominal.
Ekes Fresh extras, 27c; extra firsts.
26c; firsts nominal; dirties, 24c; extra
pullets, 23c; undersizea, ic. v
Cheese Firsts, fancy, lc; firsts, nom
lnal; Young Americas, 19c; firsts nominal.
NEW YORK, May 26. Butter, barely
steady: receipts, 12,986 pounds; creamery,
higher than extras, 29 ? 30c; creamer;
extras. 29c; firsts, 2528c.
Eeks Firm. Fresh gathered extra
firsts. 2627; firsts. 24fc 26c
Cheese Unchanged, steady.
CHICAGO. May 26 Butter, higher.
Creamery extras. 2Sc: firsts. 22fi26c; sec
ends. 17Sr21c: standards, 27 c.
Ecu Unchanged. Receipts, a.Mi
crises.
SEATTLE. May 26. Eggs, select local
ranch, white shells, 24fa25c: do. mixed
colors. 23frj.24c: nutlets. 18gi20e.
Butter City creamery, cubes. 29c; bricks
or prints. 30c; country creamery extras,
cost to jobbers in cubes, 25c.
Coffee Futures Market Higher.
NEW YORK. May 26. Reports of a
firmer feeling in Brazil and a slightly bet
ter spot demand Jed to covering by recent
sellers in the market for coffee futures to-
iluv. A little trade buying was also re-
noiteri and after opening seven to eight
points higher, active months sold 17 to 20
nnlnts above last nigni s Closing ugures,
with July touching 6.31c and September
6.68c May 6.10c, July 6.23c, September
6.59c, October 6.73c. December 7.04c, Jan
uary 7.14c. March 7.34c
Spot coffee, steady. Rio 7s 696c;
Santos 4s 9fe9v
Metal Market.
NEW YORK, May 26. Copper, steady;
electrolytic, spot, near-by, June and July,
13 U fii)13U,c.
Tin. steady; spot and near-by, 32c;
futures, 32c
Iron, nominally unchanged.
M, steady; spot, 5c
Zinc, quiet: East St Louis delivery,
spot, 4.85 f 4.90c
Antimony Spot, 5c.
pany, Portland.)
Stocks Sales. High. Low. Bid
Advance Rum 200 17 16 15
do prefersed. . . . 1,700 48 45 47
Agr Chem 2U0 50 49 40
Ajax Rubber 700 30 29 20
Alaska Gold 1.000
Alaska Juneau 1,100 1 1 1
Allis-Chalmers ... 300 33 33 33
do preferred... 74
Am Beet Sugar... 400 37 37 37
Amer Bosch 1,100 45 45 45
Amer Can Co 7,800 31 28 30
Amer Car & Fdy. 500 123 123 123
d6 preferred - 108
Amer Cotton OH.. 100 49 19 20
do preferred.... 46
Amer Drug Syn. 400 6 6 6
Allied Chem 300 44 44 43
Amer H & L 400 12 12 .12
do preferred... 1,500 55 54 54
Amer Ice .. loo 55 55 54
Amer Intl Corp. .. 2,500 47 45 45
Amer Llndseed .. 600 30 2 20
Amer Locomotive. 400 80 84 84
do preferred ; 101
Amer Saf Razor. 1,300 6 6 6
Amer Ship & Com 9
Amer Smelter 600 43 43 43
do preferred.... 400 77 77 77
Amer Steel Fdy.. 100 29 29 29
Amer Sugar 4,900 89 '4 87 88
do preferred 000 99 99 98
Amer Sumatra 6.300 65 62 62
Wheat
Hard whits .
Soft white ..
White club .,
Oats
No. 2 white.
Barley
Brewing
Mar.
..I 1.37
.. 1.36
.. 1.37
. 31.50
24.00
June.
$ 1.34
1.32
1.30
Millrun 30.00 30.00
Corn
No 2, E. Y. shipment 31.75 31.00
No. 3. E. Y. shipment 30.00 ....
FLOUR Family patents, $8.60 per bar
rel; whole wheat $7; graham, $6.80; bakers-
Naval Stores.
SAVANNAH. Ga.. May '26. Turpentine,
firm, 57&5Sc: sales, 321 barrels; receipts,
326 barrels; shipments, 9 barrets; stock,
8455 barrels.
Rosin, firm; sates, 1164 barrels; receipts,
700 barrels: shipments, 852 barrels; stock,
13,428 barrels. Quote B, $3.60; D. $3.75;
E'F G, 4; H, 4.10: I. $4.30; K, $4.75;
M. 5.50; N, $6; WO, $6.75; WW, 7.25.
New York Sugar Market.
NEW YORK, May 26. Raw sugar. 5.06c
for' centrifugal. Refined sugar. 6.306.60c
for fine granulated.
Cotton Market.
NEW YORK. May 26. Spot cotton quiet;
middling. 13.05c.
Church Membership Increases.
PHILADELPHIA, May 26. There
was a new increase of 2 per cent In
the membership of the United Presby
terian church during; the past year,
according to a report presented to
day to its general assembly. The re
port added the church has a member
ship of 160,600,
Amer Tel &. Tel.
Amer Tobacco....
Amer Tob "B"...
Amer Wool
rro preferred
Amer W P pfd...
Amer Zinc
Anaconda . :
Associated Oil. . . .
Atchison
do preferred
Atlan Coast Line.
Atl Gulf & W I...
Baldwin Loco 27,400
do preferred...
Balti & Ohio....
do preferred . . .
Beth Steel "B"..
Brooklyn R T...
Butte C & z.
Butte & Superior.
Caddo Oil
Cala Packing
Cala Petroleum...
do preferred
4.100 104 104 104
3,0110 129 J2 J-'H
200 127 126 127
4.200 74 73 93
(
100
500
400
400
200
500
500
9
41
99
81
78
3!)
82
9
41
n
80
77
38
79
9,200
200
3,9(10
100
'166
300
100
2,800
100
41
61
58
39
61
57
6
14
15
59
44
76
4
14
15
59
43
16
3:
41
90
81
75
77
88
81
99
40
51
57
12
4
13
14
50
44
Canadian Pacific. 1,900 115 114 115
Central Leather..
Cerro de Pasco..
Chandler Motor..
Chi & N W
Chi Gt West
do preferred...
Chili Copper
Chino Copper....
C. M & St P. .
do preferred.
Coco Cola
C & O
9,000
100
1,800
3110
300
.. 1,600
400
.. 1,100
.. 4.200
. . 2.300
1,700
Colo Fuel & Iron. 100
100
200
1,7(10
500
800
600
3.700
3.100
300
100
.14.400
'. l',6o6 1
1,700
8(10
2,100
8,000
2,800
Coto Southern
Colo Gas & Elec.
Columbia Graph.
Cons Gas
Contl Can
Contl Candy ....
Corn Products . .
Cosden Oil
C, R I & P
do "A" pfd
do "B" pfd....
Crucible
do preferred...
Cuba Cane
do preferred . . .
Cuban Amer Sug.
Dela & Hudson...
Dome Mines
D & R G
do preferred....
Endicott Johnson.
Erie
do 1st pfd
do 2d pfd
Famous Players . .
Fed Ming & Smelt
do preferred.
Fisk Tire
Gaston Wms ....
Gen Cigars
Gen Electric ...
Gen Motor
do 6
Goodyear
Gen Asphalt ...
Goodrich .......
Gran by
Great Nor Ore. .
do preferred..
Greene Cananea.
Gulf S Steel
Hupp Motor ...
Houston Oil ...
Illinois Central..
Inspiration
Int Agr Corp com
do preferred....
Interboro
do preferred....
Inter Callahan....
Int Harvester
do preferred....
Int Merc Marine..
do preferred....
Int Nickel
Int Paper
do preferred. . . .
Invincible Oil...
Island Oil 1.700
Jewel Tea
K C Southern 2.200
do preferred. ....
Kelly-Springfield. .
Kennecott
K eystone Tire ... .
Lacka Steel ......
Lehigh Valley ....
Lorillard .........
Louis A Nashville
Max Motor
do 1st pfd
do 2d pfd
Mex Petroleum...
Miami
Mid States Oil...
Mid vale Steel ...
M. K & T
do preferred...
Missouri Pacific.
do preferred...
Mont-Ward
M St P & S S M.
National Biscuit.
National Enamel.
National Lead...
Nevada Cons ..... 200
New Haven 4,100
Norfolk & W 400
Nor Pacific 6.500
Aova Scotia steel
N Y Air Brake
Y Central. .
37
29
64
66
18
25
29
43
28
58
37
59
7
88
49
1
69
33
.10.700 33
76
65
71
17
56
12
200 100
200 19
63
14
21
37
29
02
65
18
11
25
2S
42
28
67
87
59
7
88
48
1
68
32
32
76
65
70
17
54
21
98
19
63
14
20
400 72 71
1,000 14
200 .
14
54
37
28
62
66
8
19
11
25
28
42
28
58
29
37
69
7
87
48
1
69
3
33
76
62
70
83
17
64
21
98
19
1
63
14
20
14
71
25
14
1
68
Allouez 21
Ariz Com 8
Cal A Ariz 60
Cal & Hecla...253
Centennial .... 7
Cop R Con Co. 37
E Butte Cop M 9
Franklin 2
Isle Roy (Cop) 21
r.ake Copper... 2
Mohawk
North Butte 10
Old Dominion.. 21
Osceola ....... 30
-(nv 37
Superior 3
Sup & Bos Min. 1
Shannon
I'tah Cons
Winona . . .
Wolverine
. 52iGranby Cons
90
4
37
11
11
Liberty Bond Quotations.
Range of Liberty bond quotations, fur
nished by the Overbeck & Cooke company
of Portland:
Liberty 8s
do, first 4s
do. second 4s . .
do. first 4s ..
do, second 4s
do, third 4s .
do. fourth 4s
Victory 4s
do, 3s
Hlgh
. 88.08
'. 87i6
. 87.68
. 87.22
. 90. 66
86.94
87.32
87.00
90.52
87.40 87.18
97.98 97.82
97.98 97.82
Low. Cloe.
87.92 88.00
87.42
87.00
87.54
87.10
90.54
87.18
97.92
97.92
Swift tt Co. Stocks.
flnine- rHr for Swift A Co. stocks at
Chicago were reportea ny tne uveroecs
Cooke company of Portland as follows:
Swift & Co 97
Libby. McNeill & Libby
National Leather
Swift International -4
Money, Silver, Etc.
NEW YORK. May 26. Prime mercantile
paper, 6 (&7 per cent.
Time loans steady, ou oays. bv usvya, 01
months, 6 per cent.
Call money firmer; high, onerea at ana
last loan. 7 per cent; low. ruling rate
and closing bid, 7 per cent. ,
Bar silver, domestic, uc; loreign. oi.
Mexican dollars, 44 c
LONDON, May 26. Bar silver 33
per ounce. Money, 0 per cem.
rates, short bills, 5 per cent.
RESERVE RATIO GAINS STEADILY.
Eight-tenths Per Cent Increase Is Report
ed for Fast Week.
WASHINGTON, D. C, May 26. Com
bined resources and liabilities of the 1
(Drfaral reserve banks at the close of busi
ness May 25 were reported tonight by the
federal reserve ooara as iuiuw.
T? o r 1 1 rr P m
Gold and sold certificates. .. $ 279,861.000 j
f-iA .aitlsmant ftinrl. fftderal
reserve board 474.952,000
Gold with foreign agencies. . .
Wider Range Quoted on Prime
Light Ilogs Lamb Quotations
Revised Cattle Steady.
There was a light ran of five loads at
the stockyards and the demand was slow
in all tinea. A wider rang of from $8.75
to S9.25 was quoted on prime light hogs.
Lamb quotations were revised throughout
to conform to the prices realized at recent
sales. No change was made in the cattle
list.
Receipts were 21 cattle, 1 calf, 61 hogs
and 655 sheep.
The day's sales were as follows:
Wt. Pricel Wt. Price
800$ 6.0017 lambs... 70 $ 5.00
S:H 4 75i276 lambs.. 63 6.75
3.5!2MS lambs.. 66 6.50
3.50! 12 lambs.. . 50 -25
3.501 14 lambs.. . 68 6.25
4.751 12 lambs.. . 50 6.25
4.50127 lambs... 51 5.25
4.5(11 13 ewes 110 2.50
2.001 8 ewes.... 125 3.00
S.OOI48 ewes.... 121 3.00
7.001 1 ewe 130
140 10.0(11 1 ewe Ill)
130 9.((i 101 yearl.. 103
7.001 55 j earl... 86
3.5o 27 yearl... 95
9.251 12 yearl... 82
8 S530 yearl. .. 06
8.851 54 yearl ... 85
9.00 101 wtlirs.. 85
5.50134 Wlhrs.. 126
1 steer. .
1 1 cows. .
14cows... 821
37 cows... 717
12 cows... 022
10 cows. . .1000
23 cows. . . 007
4 cows. . .1012
1 cow ... . 030
1 calf. ... 104
2 calves.. 110
1 calf.;,
1 calf. ..
2 calves.. 100
1 bull 13(10
6 hogs... . 220
4 hogs. ... 212
5 hogs ISO
10 hogs. . .. 200
l nog 400
6 hogs 218
6 hogs.... 218
6 hogs. ... 103
S hogs 130
14 hogs. . .. 1x3 1
61 hogs.. . . 1S5
.' hogs. . . .
8 hogs. . . .
8 hogs.. . .
1 hog. . .. .
2 hogs....
17 hogs. . . .
41 hogs. . . .
2 hogs.. . .
30 lambs.. .
26 lambs.. .
50 lambs.. .
19 lambs. . .
20 lambs..
lambs
52 laanbs. . .
189 lambs..
150 lambs..
32 lambs...
n lambs.. .
9 lambs..
hurt by insect Infestation. The cash de- f S3GB5H
mand was fairly good, but prices were ' U
lower with futures. Shipping sales re
portea were (ou.uvu ousaeis, ai wnicu
700,000 bushels went to exporters. It Is
the consensus of opinion that foreign buy
ing will be largely offset by a heavy move
ment to terminals from first and second
handa
"Oats Liquidation by eastern holders
was again the outstanding feature. Scat
tered buying was created by complaints
of crop deterioration. Receipts of 160 cars
met only a fair demand at 1 cent under
yesterday. Country offerings to arrive
were rather liberal, and a moderate in
crease in the movement ia expected
shortly.
"Rye The recent buying of July by
eastern Interests was less in evidence to
day and the market in consequence
showed an easy tone. The news was with
out feature, cash prices holding compara
tively steady."
Leading features ranged as follows:
WHEAT.
Open. High. Lew.
$1.75 $i.
1.32 1.27
CORN.
.s .;
.60 .64
OATS.
.40 .41 .40
.42- .43 .42
MESS PORK.
May
July
July.
Sept-
July..
Sept..
$1.74
1.30
.62
.65
Close.
$1.68
1.27
.62
.65
.40
.42
Five million dollar
manufacturing plants
May..
July.,
17.45
17.45
17.45
July.
2(0 SeDt..
6.00
.50
4.50
July..
0.A5
9.97
9.52
9.85
.53
9.85
9 72
10.00
310
221
,102
320
275
132
103
155
60
58
51
53
53
67
65
61
72
80
80
68
8.751 10 wthrs. . 119
8.851 1 weather 80
90(l 1 weather 101
9.001 6 wthrs. . lot
S.K5 Scows..
8.75' 3 cows..
, 00.
S.8S
8.85
7.50,
9.00
9
9.50,
9.00
5.25
5.25
1 eow
1 cow. . .
1 cow. ..
1 cow. . .
1 steer. .
1 calf...
1 bull. ..
1 stag. .
u mixed
620
873
. 700
. 600
.1040
. 810
.1130
. 10O
.1010
. 770
970
17.70
LARD.
9.70
10.00
SPARE RIBS.
9.87 9.87 9.72
4.25 Sept 10.15 10.15 10.00
4.75 I Cifflh prices were as follows:
50 Wheat No. 2 red. $1.71J1.7I ; M).
2.50 hard. $1.71 1.75.
3.75 Corn No. 2 mixed, 62 63c; No.
4.00 yellow, 62663c.
3.00 Oats No. 2 white, 1041c: No.
4.50 white. 4)f 41c.
Rye No. 2 nominal.
Barley 02 71c.
Timothy seed $4.60j6.
Clover seed $136 18.
Pork Nominal.
Lard J0.22.
Ribs $9.25 10.25.
5 mixed.. 472
5.2510 mixed.. 514
5.25,
6.
6.
6.
6.001
6.75
6.75
6.
6.75
87 hogs.. . 168
3 hogs. . . 2(6
18 hogs... 147
8 hogs... 193
2 hogs... 175
1 hog. ... 340
2 hogs... 350
18 hogs... 182
5 hogs... 158
4.50
5.25
6.50
4.50
. 6.50
4.50
6.75
6.75
10.(10
4 50
4.00
6.
4.75
4.o;
Car Receipts.
Car receipts at leading eastern point!
were as follows:
Minneapolis Wheat, 142 against 145
corn 25 airainat 16: oats. 15 against 11
U-3 h.rl.tf Id airuinet 14
8--0 I Dmaha Whl 104 Iff-dlnst 13: COm,
84 against 80; oats. 19 against 16.
St. Louis Wheat, 49 against 38; corn,
73 against 48; oats. 36 against 30.
9.25
9.23
5.00
7.00
9.25
9.25
Livestock prices at the local vards fol
low:
Choice steers
Medium to good steers
Fair to medium steers '
Common to good steers.......
Good cows and heil'ers
Medium to good cows, heifers
Fair to medium cows, heifers.
Canners
Bulls
Choice dairy calves
Medium light calves..........
Prime light calves
Heavy calves
J3est feeders
Fair to good feeders. .........
ogs
Prime light
Minneapolis Crain Market.
MINNEAPOLIS. Minn.. May 26.
wheat No. 1 dark northern, $1.55(81.70
..$7.25 7.50 I No. 2 do, $1.531.60: No. 1 northern, $1.52
1.60: NO. 2 do, .I.W1. IXO. a nw,
1.401.45: No. 1 red spring. $1.4701.5
No. 2 do. $1.4401.49: No. 3 do. I1.3Sd?1.4
No. 1 dark hard Montana, $1.64 4j 1.60; No.
1 hard Montana, $1.601.63; No. 2 durum
$1.40 1.49.
Barley, 46 62C.
Flax No. 1, $1.8501.87.
6.75W
6.00 (it 6.
6.00 8.25
5.50 lie 6.25
5.O0 6JI 6.50
4.50.8) 8.00
3.00 ln 3.50
2.506 4.75
9.50l 10.00
6.00 M 9.00
9.U0G? 9.50
3.00 'li) 6.00
6.50 '(i 5
4.75 f$ 5.25
Winnlper Grain Market.
WINNIPEG. May 26. Cash wheat No.
1 northern $1.88; No. 2 do, $1.85; No.
3 do. $1.81: No. 4 do, $1.69; No. 6 do.
8.75-9 9.25 $1.53. Futures': May, $1.88 ; July, $1.63 ;
Smooth heavy. 250 to 300 lbs.. 7.259 8.25 September. $1.81.
Smooth heavy, 300 lbs. and up 6.25s 7.25 1 Oats No. 2 white,
a.uuiai i.sa
4.00(d) 7.25
O.IKIM 9.25
8.50 9.50
Rough heavy
Stags
Fat pics-
Feeder pigs ...
Sheep-
Prime iambs .
Fair to good ..
Cull lambs ....
Feeder lambs .
Light yearlings
Heavy yearlings
Light wethers
Heavy wethers
Ewes
46c; No. 8
42c. - i
Barley No. 8, 75; No. 4, 70.
Rye No. 2, $1.68.
do,
Chicago Livestock Market.
CHICAGO, May 26. (United States Bu
reau of Markets.) Cattle Receipts, 7000
head. Beef steers strong to 15c higher
early top beef steers, $8.40; bulk, J7.509
..Jo; veal calves unevenly lower: bulk
o08.2a; butcher stock, bulls, stockers
Grain at San Francisco.
SAN FRANCISCO, Cal., May 26. Grain
Wheat, feed, $2.30iS2.50; do, milling,
nominal: barley, feed, $1.22 1.27 ; do.
shipping, $1.35 1.45; oats, red feed, $1.50
91.65; . rice, nominal; corn, wnite .gyp-
a.sosi 4 50 tian. $2.3002.40: red mtlo, $1.9502.10.
1.000 4.25 Hay Wheat, iiam.u: tame oat, zisia
17; wild oat, $10013; Daricy, ilH; al
falfa, $i40ie; stock, ij-uuii; a ton; straw,
nominal.
... 6.50 6.75
... 5.500 6.50
... 4.000 5.50
... 2.50M 4.00
... 5.00 0 3.50
... 4.50 0 5.00
... 4.500 5.00
Seattle Grain Market.
SEATTLE. Wash., May 26. Wheat
Hard white, soft white, white olub, $1.32;
and feeders steady; bulk fat cows and I hard red winter, soft red winter, northern
Total gold held by banks.. $ 754,213.000
old with federal reserve
aeents 1,505.229.000
Oold redemption fund 133.50o.000
Tot1 old reserves $2,392,947,000
Legal tender notes, silver, etc. J?2-2 "
Total reserves $2.5o8.2A2,000
Bills discounted, secured by
tt.i,.j cat,, .nvAmmpni
obligations . !?? ?!
All other i,u.suo.uuu
RMia boueht in open market. 87.138,000
Total bills on hand 1-9SI'5?fS52
TJ. S. government bonds. .
U. S. victory notes
U. S. certificates of indebted
ness, one year certiticates
(Pittmaa act)
All other
Total earning assets
Bank premises
Five per cent redemption
fund against federal re
serve bunk notes
Uncollected - items
All other resources
25,574.000
23.0UU
233.375.000
46.764.000
$2,203,120,000
23.306,000
.11,174.000
510.175.000
13,663.000
58
1.000 135 134 U 135
.21,700 11 10 10
100
!20",900
100
'. "400
. 8,100
ij
200
. Lioo
200
300
100
300.
1,200
200
200
300
400
1.900
9.100
1,200
1.B00
2.BO0
69
37
2"
68
36
12
71
So"
4
5
91 ,
65
6S"
16
4
43
21
14 74
48
90k3
S4.S0O 152
100 . .
5.50
2,000
800
13
29
2
67
9
68
36
28
67
23
36
12
(3
90
35
49
4
11
5
103
14
04
15
67
16
4
8
27
50
41
20 4t
14
47
52
.... ia;i
97
.... 4
5
.:x::
140(4 ir
22
68
35,
S
85
12
35
5
89
67
16
3
27 27
41
20
14
47
52
3,000
500
1,000
41
20
12
27
2
21
40
20
1.200 51 51
700
1,300
800
12
19
97
72
6S"
69'
3
400
100
Okla Prod ref.
Ontario A W. .
Otis Steel
Paeiric Oil 4,800 37
Pac Gas A Elec... 100 53 '4
Pan Amer Pet.... 8,700 67
do "B " 400 60 1
Pennsylvania 100 34
People's Gas 1,700 52
Pere Marquette... 1,200 22
Philadelphia Co . . . .
Pura Oil 300 ;
Pierce Arrow ....30.1OO 25
Pierce Oil 500 9ti
Pittsburg Coal.... 300 60
flits & v va. . .
Pressed Steel Car.
Pullman ........
Ray Cons ........
Reading
Remington
Keplogle Steel ...
Republic I A S..
do preferred...
Rep Motors 100 35
Royal Dutch OIK. 6,B((0 61
Ky steel sprinc
s o lna
Sears Roebuck .. 2,100
Shattuck. Arizona. 300
Shell T & T 800
Sinclair 18.200
Sloss-Shef field ... too
Southern Pacific. .. 4.900
Southern Railway. 2.200
do preferred.... 2.300
Bt L & 8 F 8,200
Btromberg Carb.. . 100
Studebaker 51,200
iSwiU & CO.,
11
19
96
70
67
68
3
86
53
66
60
34
51
32
23
9
60
30
8:
30
82
400 101 100
1.000 14 14
200
200
71
25
4,800 67 55
15
60
85
77
7
41
24
39
76
20
49
24
.'16
72
200 85
78
7
42
25
89
7
21
50
25
86
75
13
27
2
4
21
41 "
20
68
113
51
76
11
19
9B
71
28
67
69 '
3
18
12
30
53
66
59
34
32
32
23
9
"0
SO
81
101
14
72
25
26
66
87
14
60
84
72
78
7
41
24
30
76
21
49
24
S
73
803i
Total resourcea .'. $5,379,760,000
Liabilities .
ip.n.:::::::::::::, m&JSSi
Reserved for government
franchise tax ?-r'i'yv?
Deposits, government i-
Member bank reserve account l,6o.).09.00O
All other 33.0i4.uuu
Total deposits $1,705,956,000
Federal reserve notes in ac- -
tual circulation z,n4,oui.uu!
Federal .reserve bank notes ,,,
in circulation, net liability. 144.834.000
Deferred availability items.. 424.929.000
All other liabilities 29.757.000
Si
Total liabilities $5,379,760,000
Batio of total reserves to deposit and
federal reserve note liabilities combined,
B7.6 per cent.
Ratio of gold reserves to federal reserve
notes in circulation, after setting aside 35
per cent against deposit liabilities. 71.7
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 ot the foreign
unit In United States funds:
Country Unit. Riiif.;
Austria, kronen $ .oociL
Belgium, francs - JJhilO
Bulgaria, leva a'--
Czecho-Slovakia. k-ronen 01. ia
Denmark, kroner
England, pound sterling 3.9000
Fin-land, f inmark : )r'ri
France, francs Jti-o
Germany, marks O (-
Greece, drachmas ................. .O.mO
Holland, guilders 3;.22
Hungary, kronen ..0(o
Italy, lire 0i'-'0
Jugo-Slavla. kronen 0000
Norway, .Kroner ,', ,'-
Portugal, escudos ................. .11 jw
Roumania, lei IH.75.
Serbia, dinara .0.l.i5
Spain, pesetas
Sweden, kroner 2:I40
Switzerland, francs 100
China Hongkong, local currency.. .4150
Shanghai, taels 0000
Japan, yen 487o
NEW YORK, May 26. Exchange irreg
ular: sterling, demand $3.95. cables
$3.93, francs, demand 8.46. cables 8.4S:
Belgian francs, demand 8.4(1. cables 8.48; j
ruilders. demand 34.92: cables 35.02; lire, I
demand 5.S5, cables 5.37; marks, demand
1.62, cables 1.63; Greece, demand 3140;
Sweden, demand 23.20: Norway, demand
I.V-IO: Argentina, demand 33.87: Brazilian,
demand 13.87; Montreal, 10 11-16 per cent
discount.
Foreign Bonds.
Foreign bond quotations furnished by the
Overbeck & Cooke company of Portland:
Bid. Ask.
$5.5006.50;
bulls largely $4,500
Market
spring, eastern red Walla, $1.30; Big Bend
bluestem, $1.35.
Citv delivery: Feed Scratch. $51 per
lights ott ton: batav scratch. $67: feed wheat. $53:
8.15; pigs, I. H grain chop. $42: oats. $39: rolled oats.
$41; sprouting oats, $44; whole barley,
$39; rolled barley, $41; clipped barley, $40;
milted feed, $32; bran, $30; whole corn,
$40; cracked corn, $42.
Hay Alfalfa, $24 per ton; double com
pressed alfalfa, $31; do, timothy, $33;
eastern Washington mixed, $30; straw, $24.
Duluth Unseed Market.
heifers.
6.50.
Hogs Receipts, 32,000 head. '
rairly active. 15025c lower;
most; top. $8.25; bulk. $7.85
25 040c lower: bulk desirable around S8.
Sheep Receipts, 10,000 head. Quality
mostly plain; slow; 25 0 5OO lower; shorn
lamb top early, $11 to shippers; bulk early,
$0 09.50; best native springs early. $12:
culls, $6.5008; ewe top early, $4.50; bulk.
o.,ui0i..o; jexas noiaover yearlings,
Omaha livestock Market.
OMAHA. May 26. (United States Bu
reau of Markets.) Hogs Receipts. 12.000 t..-w .nd to arrive $1 88
head. Mostly 15 0 25c lower; bulk ISO to tracK ana to arrive, $l.s.
-4u-pound butchers, $7.65 0 8; top, $8.10;
ouik puicners, 20U pounds ana over, f70
7.50; packing grades, $6.7507.
Cattle Receipts, 2500 head. Beef steers
steady to strong; bulk, $707.90; top,
$8.25; she stock and bulls steady to easier:
bulk cows and heifers, $4.7506.75; veals
lower: packer top veals, $8; stockers and
feeders slow.
Sheep Receipts, 8000 head. Killing
classes slow to 25c lower; bulk spring
ismos, $11 011.70; top, $12: clipped ewes
mosiiy io.oog-.zat top, $4.0U
steady.
DULUTH, Minn., May 26. Linseed On
ELKS MEET AT SPOKANE
Tempi Dedicated and IXorthwest
Session Is Under Way.
SPOKANE, Wash-, May 26. Approx-
feeders imately 500 members of the Benevo
lent and Protective Order of Elks
from Pacific northwestern cities reg
istered) yesterday for the three-day
celebration in connection with the
Kansas City Livestock Market.
KANSAS CITS. Mo.. May 26. (United
Rt&tan Uuraau nf Harks!, 1 Cat (In U-
ceipts. 4000. Beef steers active, steady to I dedication of the new $350,000 temple
strong; top yearlings, $8.40; Colorado f Spokane lodge No. 228, which took
place Wednesday.
pulpers, $7.50; she stock and bulls, choice
heifers, $7.35; cows mostly $55.50; other
classes arouna steady; best veaiers, $8(o(
6.00. . .
Hogs Receipts, 8500 head. Open slow,
mostly 25c lower; closing fairly active,
lowoc lower; neavies ore most; top, $a
bulk of sales, $7.407.90; packing sows,
2oc lower; pigs strong to 2c higher
choice 100-pound stock pigs. $9.
toneep Receipts, auoo nead. sneep and
springers 2550c lower; Arlsona ewes.
$3.(o; many natives around $3.50; few
Delegations still to arrive were ex
pected to swell the registration to
2500, according- to officers of the local
lodge. A class of 67 candidates was
initiated in the afternoon.
The stability of GreybuII can be appreciated in Iit?rit
of the fact that it is the trading center for 40.0U0
acres of irrigated lands, and the site of the big oil
refineries of the Standard Oil and Midwest Refining
companies that have $5,000,000 invested. It is alo
the division point on the C, B. & Q. Railroad.
We unreservedly recommend
lO Yr. 7
IMPROVEMENT BONDS
-Greybull Wyo
Denomination $500
Income Tax Exempt
PRICE 100 YIELD 7
LUMBE RMENS
Broadway and Oak
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.
WESTERN BOND & MORTGAGE CO.
Capital and Surplus $600,000.00
Government and Municipal Bonds
City and Farm Mortgages
Ground Floor, Board of Trade Building
PORTLAND, OREGON 80 FOURTH STREET
native
$11.25;
bids.
Freshmen Elect Officers
OREGON AGRICULTURAL. COL
?rpins i?mb"' ,n;S0:u Arl?n8s.. LEGE, Corvallis. May 26. (Special.
- mvwvu, I .. 1 1 ., 1 , Oil... I..ann
of Portland to head next year'
sophomore class. Other officers chosen
were: Luciie Helver of Portland, vice
president; Bernlce Burgess of Astoria,
a home economics student, secretary
J. H. Johnston of Klamath Falls,
treasurer; James Weatherford of Cor
COT-1 vallis,sergreant-at-arms; Arthur Boon
of upland, cal., - yell leader; jonn
Garlty of La Grande, director of class
athletics; Ray Loughrey of Payette,
Idaho, to student council and Maurice
HEAVY MOVEMEXT TO
CAGO CAUSES SUMP,
May Clowes 12 Cents Lower Buxton, manager of forensics.
Willi Demand From Shorts
Checked; Drouth Broken.
DAILY METEOROLOGICAL BE TORT.
CHICAGO, May 26. Steep declines in
wheat today resulted from prospective lib-
PORTLAND, May 26. Maximum tern
perature, ti(( degrees; minimum tempera
ture. 41) decrees. River reading, 8 A. M.
reet; cnange in last - oours, .j root
rise. Total ralnUII (u f. M. to S f. M. ),
eral receipts here and from welcome rains 1 none! totiil rainfall since September 1
sections where there nas Deen com- I li'U, 44. oi incnes; normal rainian since
with Mar 11 s I 'all since September 1. a. 71 inches. Sun-
BUnsmne, 11 iiuuia . iiiiiiulcb, jjvb.-ilmci bun
shine, nours l minutes. Moonrise,
Fr day. 11:54 r. M. moonset, rnaaf, u:a
A. M. Barometer (reduced sea level) 5 P.
M.. 30.13 inches; relative nummiiy: At
A. M., 63 per cent; e-t noon, 41 per cent;
plaint of drouth. The market closed heavy. September 1, 41.8B inches; excess of rain
4'A to V'V, cents net lower, with May 11.68 fall since Septe
and July $1.27 to tl.28. Corn lost 1 to
1 cents, oats 1 to 1 cents and provi
sions 22 to 45 cents.
With indications that wheat was being
shipped here freely from southwestern and
northwestern market centers and that the
supply here was likely to be ample for all at 5 P. M., 36 per cent.
Russian 514s, 1021 14 17
Russian 5'4s, lft'J6 9 '.
Russian V4s. 11 1 I"
French 5s, 1931 7 68
French 4s. li17 , 54 B.l
French 5s. 1920 ' 79 80M
Italian 5s, 1918 44 45
Br t ah ns. 1((L' 3 eo
British os, 1927 Sl 4(11
British 6s. 1927 391 .4(11
British vky., 4s 310 320
British ref. 4s 279 2X9
Belgian rest, as 74 77
Belgian prem. 5s 78 79
German W. L. 6a 13 14 14
Berlin 4s 14 . 14
Hamburg '4s 18 17 14
Hamburg 4V4s ; 16 1
Leipsig 4 Via .... 1514 17"4
I.elpsig 6s 16 17 y,
Munich 4s 15 1V4
Munich 5s 16 18
Frankfort 4a 14 17tt
Japan 4s 8Vi 69
Japan 1st 4s .... 84i 844
Japan 2d 4VjS 84 844
Paris tts H 8"4
United Kingdom 54s, 1921... 99 ,974
United Kingdom 6Vas, 1922... 7"4 97
United Kingdom 514s. 1929... 90V4 91
United Kingdom 5 Via, 1937... 85 85
Dried Fruit at New York.
NEW YORK, May 26. Evaporated ap
ples, nominal.
Prunes, firmer.
Peaches, firm, ... - 1' - u-'
deliveries on outstanding May contracts,
demand from shorts In that month almost
halted and the price dropped swiftly. July
kept within fairly moderate limits as com
pared with the big price setback in May.
Despite rains and cooler weather, the crop
outlook continued uncertain and buying I STATIONS.
support for July was rather aggressive at
times.
Corn and oats declined with wheat, al
though exporters took 700,000 bushels oflBaker
corn and charters of corn for Buffalo were I Boise
of unusual magnitude. Bonton
Provisions were depressed by the down- I Calgary
ward slide of grain and of hoga as well.
THE WEATHER.
tea
1
3
Wind
Weather.
.1 42 7(i;o.0(ijl4.N'VViClear
-I itn(.uni..i.w!(:!ear
The Chicago market letter received yes-
Chicago
Denver
Des Moines..
bureka
Minneapolis
New Orleansl
New York .
North Head
terday by the Overbeck & Cooke company I Galveston
of Portland said: I Helena
"Wheat The possibility of conaiderable I Juneau
wheat coming into this market before the I Kansas City.
end of the month, to which we called at- Angei
tentlon yesterday as likely to relieve the J!ar5hf',0"1
tension in May, was the- dominant factor I vlr" " "
in today's market. The Chicago price for
wheat yesterday was the highest in the
world and well above a shipping basis, so
that it was but natural to assume that I Phoenix
outside markets would take advantage of I Poca-tello
(hn Hiunnrltv hv diverting wheat, to Chi- I Portland
o-n T(Hb In irrivn wer roHiiferi In 'S I RosebUTg
-... ti v 1 .h on Sacramento
-""" " " ' "j . V " l7 St. Louis
over lor Jo. I rea lor Kve ana ion aayg c;alt Lake.-,
shipments. The seaboard reported 250,000 I t;an Dieo!
bushels sold for export to Holland, but I g. Francisco
said the foreign demand otherwise was I Seattle
verv slow. The enthusiasm on the buying i "Sitka
side of July was checked by reports of I Spokane
1 1 1 ., .. ,L. Tacoma
belt, particularly in parts of Kansas and Isd
Missouri, where moisture was Damy need- waua Wall
ea. uountry onerings snow siignt tim- Washlngttal
crease, out are slim very uuer&i. course 1 Winnipeg .
or prices xor tne immeaiaie ruiure wilt I 1 aKlma.
depend upon whetner or not tne rains re
lieve the crop situation in the southwest.
"Corn started sharply lower on larger
receipts and selling of futures by receiv
ing houses against cash purchases. Around
4(il 71110.021. .1 W
40 48,(.2(l:10lvy
5(1 70,0.44 ..E
7010.0(11. .ISW
9(l,(l.0010B
5!0.0()I24!N
82 0.00I12ISB
74!0.0(I14W
t"iS10.00. . E
82'0.2(l12jSE
70(0.001. .SVV
5S10.00 12NW
7H n.oolio
7SI0.02 14
8XI0.O0I .
72;o.l(l!.
nno. 02130
08:0.00 .
74j0.nol:
6ii:0.00l:
ffKio.no .
on 'o.ooi
101
NW
E
SW
S
N'W
ICIear
Rain
M'loudy
(:ioudy
Cloudy
!Clear
Pt. cloudy
Clear
ICIear
Rain
Clear
Clear
Clear
Rain
ICIear
Clear
Cloudy
SW
NW
N
S
SW
sw
2J1SW
Clear
Clear
Clea.r
'Clear
Rain
Pt. cloudy
Cloudy
ICIear
Rain
W
NW
Clear
Rain
SO'O.IS
7I10.00
62IO.0O
70 O.ool
5410. 00116
t4!0.((U . .
5'().02i. .
6210.03 20NWfPt. cloudy
...1 )..ISWITlear
6810.00
7410.00
82rt.oo
68 0.00
A. M. today. tP. M. report of preced-
ing day.
101 W ICloudy
.. SB Pt. cloudy
. . S-E rClear
10IN ICIear
LOGGING CONTRACT LET
87,500,000 Feet In Crater National
Park Comprise Award.
One of the biggest timber deals in
recent years was tentatively closed
yesterday, when Willard D. Olds of
Medford received a contract to log
87,500,000 feet of timber In the Four-
Bit district of Crater national parK
The bids were opened yesterday
morning by George Cecil, district for
ester. Olds receiving the contract
with a bid of 3.75 for the yellow
pine and 75 cents on the remaining
timber.
The stand, according to govern
ment survey, consists of El per cent
western yellow and sugar pine over
a total area of 6300 acres, situated
1114 miles east of Butte Falls. Rail
connections to the timbered district
will be completed, it is stated, by an
extension of the Pacific & Eastern
road, which terminates at Butte Falls.
and the project will Involve the ex
Denditure of approximately $238,000.
From Butte Falls, direct connection
with Medford and the Southern Pa
cific system is available, me our
Rit district is of gentle topography,
affording admirable lotrglng facilities,
according to T. T. Munger of the
government forest service.
e '
CUT-OFF ROAD ALLURING
the elate fair board, has been em
ployed by the secretary of stnte to
prepare the necessary blanks and per
fect other preliminary arranccmentH
attendant to the operation of tlin no
called budget commlsHlon, created hy
an act of the legislature. The
IflW hernme effertjve vcalirHir,
Temporary Koute to Beaches Will
Bo Through, Scenic Country.
SEASIDE, Or.. May 26. (Speolfel.)
Although the main seaside mgnwsj
will be closed to traffic most of the
summer season, during the paving of
the road, the Melville-Wahanna cut
off raDldlv Is being prepared for
travel and th Is will give a mucn
shorter and a very beautiful route to
the beaches.
The new road follows the Lewis
and Clark river for a distance of
several miles and the beautiful scen
ery will appeal to all traveling int
road.
It is estimated that iro.oo is peing
epent on this tnorougniare.
STRAWBERRIES GET RIPE
Hood River District Expects to
Have Short Harvest.
HOOD RIVER, Or., May (Spe
cial.) Warm weather is causing
strawberries to ripen fast, and small
evnresa shipments have oeen Degun.
Car lots of berries, however, proba
bly will not be shipped until tne lat
ter part of next week.
The late spring win resun in m
short harvest season ir tne warm
weather continues. Berries of the up
per valley section, which usually are
two weeks later man me lower val
ley districts, will ripen before the
lower valley harvest is over.
Growers have begun to seek harvest
help.
Budget Act in Erfect.
SALEM. Or., May 26 (Special.)
Frank Meredith, former secretary of
A Strong
Public Utility
with earnings over
twice interest charges
The Portland Railway Light
and PowerCompany 7 V4 bonds
cannot be called for ten yeurs
and mature in 1946.
Yield 7.85
Circular on Request tor OR393
The National City
Company
Offices In snore than 60 dries.
Yee5 Bid;., Pertland. Or.
Telephone Main 072
FORECASTS.
midday the market displayed a firm ten- I northwesterly wiitfls.
dency, helped by advices from St. Louis j Oregon and Washinrton Fair; warmer
that the crop south of there is being badly I interior west portion; fresh, westerly, winds,
Who Knows?
How easy it is to spoil a wonder
ful road in the making. The ex
pert is th only one who really
knows how to avoid this. In the
laying: of Warrenite - Bitulithic
pavement. Warren Brothers Com
pany maintain a laboratory in
Portland where tests are con
stantly being made of Warrenite
Bitulithic pavement being laid in
the Northwest.
TEXT BOOK
OP
WALL STREET
A 40-page book (copyrighted)
discussing clearly and unmis
takably rules governing stock
market transactions:
Methods f Trading.
Commission Rates
How Open nn Aeeooat.
angmentinK One'i Income.
DepoNlt KeejnlrementM for Car
rylna Mocka on Account.
Dictionary of Wall Street.
HIlory of the Jen York Slock
Kachanae.
Hlotory of the New York Cnrb
Market.
Foreign Exchange.
And many other anhiects of In
terest to investors and stock
traders.
Copy free npon rrquent.
McCall & Riley Co., Inc.
20 Broad Street New York
HERRIN & RHODES, Inc.
(Rstahllahed 1K0
BROKERS
MEMBERS CHICAGO BOARD OF
TItAUH.
rorrespondrnta. U. K. IMTTTO A
CO. tlcmbera New York Muck Km.
rhanae. J'rlvate leased V Iron
Direct to All ttrcnrlly aad tan.
modliy Markets.
LIBERTY AND VICTORY BONDS
BOK.HT AMD SOLD
MAIN 23 and 3S4
S01-5 RAILWAY IkALIl. BLDO.
I 4