Morning Oregonian. (Portland, Or.) 1861-1937, June 02, 1921, Image 21

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Morning Oregonian., June 02, 1921, Page 21, Image 21

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Newspaper Page Text21 JUL WIH1 of the Mayflower variety, of rood quality, and sold at $2.75 g 3 a box. Banana war steadier than recently and wera quoted at cents a pound loose. ' TIIE 3I0nXITC OREGOXTA!, THURSDAY, JMSB 2, 1921 ARE HEADING WELL Spring Wheat in Boot in Parts of Umatilla County. CORN PLANTING PROCEEDS Annie Crop Prospects Generally Good Throughout State Sheep Ooin to Summer Ranges. Grain crop prospect! In Oregon continue rood, according to the weekly crop sum xnary of the weather bureau, which says Winter wheat is heading well. Early own BDrinr wheat is stooiing in Malheur county and is in the boot In parts of Uma tilla county. Some early spring- wheat In western counties U very weedy. Bye is in bioom in some localities. Barley and oats ere- heading well. Planting of corn con tinues. Early corn Is being cultivated. iight damage was done to corn by frost. Strawberries are ripening in the north ern counties. Loganberries are setting well. Apples are generally good, but are being Injured by aphis and scat In some localities. Pears and prunes continue to drop. Cherries are ripening. The condition of meadows varies; tome are excellent, while the cool spring has resulted in extreme weedlness in others. The first cutting of alfalfa is in progress over considerable areas, with ideal hay weather prevailing. Pasturage Is generally abundant. Stock is going to summer range in in creasing numbers, and la doing well. Shearing of sheep continues In some places. Planting of potatoes continues. Early potatoes are doing well except for aome light local frost damage. Frost caused ome injury to tomatoes and beans, but , :' gardens generally made good progress. Warm weather prevailed at the begin Irrjr of the week and again at the close, but during the middle of the week there were several cool nights, frost doing local damage to tender vegetation. Th wee was bright and dry, except for light rain m eastern localities at the close. Dry northwest winds caused rapid evaporation and rain i needed in central and southern counties. Under the Influence of bright sunshine and. moderately high daytime temperatures vegetation made good growth. POKTLAXD MARKET QUOTATIONS. Grain, Floor and Feed. aiercnanta' Exchange, noon eu.oa. j un Wheat Bid. Hard white $ 1.32 Sort white 1.30 White club l.ati Hard winter J.imj Northern spring .... l.i'tf ' Red Wall 1.25 Oats No. 2 white feed 30.00 30.00 I No. 2 gray 30. U0 30.00 1 Barley Brewing 24.00 24 00 Standard feed .i'J.lM, 21. "0 Wiilrun 31.50 35.00 3,1.00 Corn . No. 2 E. T. shipment 32.00 No. 3 E. Y. shipment. 3100 FLOUR Family patents. $. per bar rel: whole wheat $7; graham $tt.S0; bak ery hard wheat, i8.2o; bakers' bluestem patents, J. 75; valley bake re $7.25; straights. $7.25. MI LLPS ED Prices f. o. b. mill: Mill run, $33 per ton; rolled barley, 38&40; rolled oats. $41; scratch feed, $52 per ton. CORN Whole. $41; cracked. $44 per ton. HAT Buying prices f. o. b. Portland: Alfalfa, lib per ton; cheat, $2223 per, ton ; clover, $16 per ton; valley timothy, $24; eastern Oregon timothy, $26. S PECCIiATIVE SHARES WEAKEN AXD AGAIX DECLINE. Dairy and Country Produce. BUTTER Cubes, extras, 2' G? 27c pound ; prints, parchment wrapped. per box lot. 32c; cartons, 33c. Butterfat, buy in price: A grade, 26c; B grade, 24c, Port land delivery. E?GS Buying prices, ease count, 1819c delivered. Jobbing prices to retailers candied ranch. 22c; selects. 24c. CHEESE Tillamook triplets, price to Jobbers f. o. b. Tillamook, 19c; loun, Americas. 2flc pound. POULTRY Hens, 723c pound: ducks. young, 40c; geese, nominal; turkey, nom inal. PORK Fancy, l"c per pound. VEAL. Fancy, 13t&14c per pound, -WHEAT SALES BY FARMERS LIGHT Exporters of Coast Wheat Hesitate to Pur- chase So Late in Season, Farmers were, slow sellers of wheat yes terday. Stocka in the country have become so light that when any firmness appears frn the market dealers find It difficult to get hold of grain. The east reported a good volume of ex port business, but in this territory export era hesitate about buying wheat for ship ment after June 15. as any leaving after that date will arrive in Europe at a time when it must be sold against new crop Atlantic wheat. At the Merchants Exchange hard white bids were unchanged at $1.32, but all ether grades were 2 cents higher than Tuesday. Eastern yellow corn was $1 higher on bid. No change was made in oats o barley. Millers announced an advance of $1 i ton on millrun. effective this morning. A crop report from Decatur. 111., said From St. Louis to Taylor wheat Is above an average. One of the best crops they have had for years. Oats improving. Corn further advanced and in better condition than last year at this time. The British commission has advanced the price of Argentine wheat two shillings a quarter. All other quotations are un changed. Terminal receipts, in cars, were reported bv the Merchants Exchange as follows: Wheat. Barley.Flour.Oats.Hay Portland wed.. Tear ago Feaon to date.: Year a so ..... Taeoma Tonlay, Tues.. Year- ago Fca.son to date. Year ago Seattle Monday, Tues.. Year ago Feaon to date. Year ago 3 43 4 4 2 141 4 17 1 11 IR407 2:.S 1065 S74 2402 MiTti 16U 31)04 .524 2216 Sft 1 3 14 ... 10 1 1 4710 53 903 035 708 i9 31S9 178 837 14 ... 2 ... 15... 7 . . . 2 4347 220 .147 470 J4i(l 214 247 1174 645 12o2 CUT IS WINTER WHEAT ESTIMATE 6dow Now Figures Production at 599,000, 000 Bubliels. Snow has reduced his winter wheat crop estimate 58,000.000 bushels as a result of the crop deterioration since May 1. He estimates the spring wheat acreage less than a year ago and oats condition at an unusually low figure. The Snow report, which was issued yesterday, says: "Condition of winter wheat 80. T per cent versus 88.6 per cent a month ago; Indicated production 509,000,000 bushels versus 657,000,000 bushels on May L The heavy loss is in the southwest, but some decline tn condition Is reported from all Important districts. Spring wheat acreage 17,652,000, or 9 per cent less than last year; condition 93.9 per cent; indicated production 245.000.000 bushels. Oats area very slightly changed from that harvested In 1920; condition 86.3 per cent, which ts the lowest June figure in .more than 30 years; indicated production 1,370,000, 0K bushels, versus production last year Of 1,526.000,000 bushels." PRINT BUTTER TWO CENTS HIGHER Better Price AN Offered for Cube; Eggs Tend t pward. Print butter prices were advanced 2 cents yesterday morning to the 32-cent basis. Not all the creameries followed the advance, but they are expected to be In line today. The buying price of butter fat was raised 1 cent to 26 cents for No. 1 grade. The advance in prints naturally trengthened cubes and buyers offered 26 u 6 27 cents for extras. Eggs were firmer, with some buyers offering 19 centa delivered to country ship pers, while others were still quoting 18 cents. Local jobbing prices were not ma terially changed. Poultry receipts were liberal and the market was weak and tend in r Country dressed meats were steady. Eggs Lighter on Leading Markets. Egg receipts are lighter on the leading markets and some advance Is noted in quoted prices for fine grading stock. To bring best prices, eggs should be gathered daily, held In a coo! place and marketed frequently, says the Weekly Produce Re view of Swift & Co.. of Chicago. Cream has been received In larger quan tities during the week, but prices for but ter have been well sustained. Poultry Is moving from the farms in larger quantities and prices are generally lower on the consuming markete and In producing sections. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follow: , Clearing. Balances. Portland .83.I4l $952 436 Seattle 4,646.531 627 24' Taroma 7..757 06''M Spokane l,2t9,242 15L61J ' Strawberry Receipt Not So Heavy. Strawberry receipts yesterday were not as large as Tuesday, but the supply was ample. Prices ruled steady during the day at $2.50 3.50 a crate, according to condition. A shipment of California peaches ar rived, i&e second of the season. They were Fruits and Vegetables. FRUITS Navel o radices. . IffSTs Ter box; lemons, $5.50 7; grapefruit, $35? 10 per box; bananas, 94 (fi 10c pound: ap ples, $1 .K4 3 per box : strawberries. Ore gon, $2.50 per crate; cherries, 1530c per pound ; cantaloupes, standards, $S pontes, $1; flats, $3.50 crate; peaches, $2.7; t&3 per box. VEGETABLES Cabbage, 5U66c pe pound; lettuce, $3.50 4 per crate; carrots, $3 per sack; garlic, 20c per pound: beets $ l.fiO 3 per sack ; green peppers, 40 45c per pound : rhubarb. 4 fi ftc per pound spinach. 86Vc per pound; turnips J iff 2.ift per sacs; tomatoes, $2.7541 o per lug; cucum ners, ji-oofr 2.rf per dozen peas. Jowlic per pound; asparagus, $ per dozen: beans, lStflSc. POTATOES Oregon. $1 2501.50 oer 100 pounds: lauirna. si.&uftf 1. To; new Califor nia. 44 c per pound; sweet potatoes, ta. 10 per crate. ONIONS Oregon. 74.c49Sl.00 per sack new crop, white Bermudas, $2 per crate. Staple Groceries. Local lobbing Quotations: SUGAR (sack basis) Cane granulated, i..c per pound; beet. 7 toc per pound. NUTS Walnuts. ;i0(-30c pound: Brazil nuts, 3vc; ruoerts, jc: gimonus, J-iwoOc peanuts, 8 11c pound; cocoanuts, $1.75 oer cozen. RICE Blue Rose. 6c per pound; Japan style. 4c per pound. BEANS Small white, 54 e; pink. 7c lima. 7fc c: red. 10c per pound. COFFEE Roasted, bulk, in drums, 14 Q itjv.c per pouna. SALT Granulated, hale. J3 40(94.25 half ground, ton. 50s, $19.75; 100s. $19.25, lump rock. $26 50. DRIED FRUITS Italian prunes. ec pound; dates, $4.-o(fltj per box; ligs, $J j.J per box. Hides, Hope. Etc TALLOW No. 1, Ss$4c; No. 2, 3c per pound. CASCARA BARK 1920 peel, 6c pound, deliered Portiand. HOPS 1020 crop, oesi, ja isc per pound. HI LE5 sa:tea country niaes. -c ae- llvered Portland ; grubby hides. 3c; city calf skins. 12c; country can eKins. 10c; cond kin fic: srubbv kin. 4c. WIUL, .New Clip, ivitf..ic per pound. MOHAIR New clip. 1S22&C per Dound. delivered .fori i ana. t. KA1A UAUU 8 wane ai country points. ' Provisions. HAMS All sizes. 30 3 56c; skinned, 310 56c; picnic, 18c; cottage roll, 28c. BALji 1 amy, to uoi-t iuuu-o, ov 35c; standara, JoftT-ic. LA RD Pure, tierces, 16c pound ; com pound, tierces, 11c. r o v t i t ttd.Lf rfiJt, "Sir. n atM. Oils. UNSEED OIL Raw, In barrels. 0fc; five-gallon cans. J1.14. Bouea. in Darreis. 11.01; ftve-Kullon cans. $116. Ion cans. $1.1-. WHITE llau IW-iu. a COAU OIL Tank wastons and iron bar- re1.. It Vic; caws.- jup ji GASUU.m. rels, -c; cases 4c. SAX FRANCISCO TROUICE MARKET. Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SN FRANCISCO. June 1. Vegetables Asparagus 3?10c, potatoes 2i(&4Vic; onions, Australian Drown, 1.5015; celery nominal, garuo hum, bell peppers iwto.tjc, -. f t.SO 2.-J5. lettuce l!8J.-'.. ariicnoKes rn 12: beans. sirinp, iuwuu; J1.75i, carrots esi""' lutrl.'c . . . Poultry Hens ;3Jts.c. siangy " 0L"3c, old V&fyWa; ducks i:535; squabs 456 4Sc. piecons 3ta.JU uozcu; uitiu hares 17JSc; geese 5c. j.-rult Oranges, navel. jto.i; Valencia 1.11 3.7ft; lemons. 45i't: apples, strawberries, drawer, outr-ouc; loganoernes, 0iSc drawer: raspcernes, i(gi.-o drawer, gooseberries SSfloc pound. Ba nanas S'il&lUc pound, pineapples nom- nal: avocadoes, 144x0 aoz.; cnerries. black In bulk 6f1lc pound, dawer 7oc fc 1.7a: apricots. Il.ftU)2.uu lour-oasKec crates: VlaZ luir; peacnes, si.oufn1 1 . wx, cantalopes $4.50lS7.50. tigs iZ.oOQZ box. currants 1 drawer. Rechipta Flour. 2334 quarters; wneat. 005 centals: barley, 3bS6 centals; corn, 1-5 centals: beans. sacks: oats, hOO cen tals: corn. 125 centals: potatoes, 1S9 sacks; hay, 40 tons; hides, 735 bundles; livestock, :5 head. QUOTATIONS ON" DAIRY PRODUCE .Market Trice. Ruling on Butter, Chees . and Eggs. SAN FRANCISCO, June 1. Butter Kxtras. 34 c, prime firsts, 33c, firsts nom- nal. Kggs Fresh extras, 3Uc: extra Xlrsis 20V.c: firsts, nominal: dirties, 2hc; extra pullets. 25c: undersized pullets, 'J-'e. Cheese Flats fancy. 15 tec; firsts nomi nal; Young Americas fancy, -oc; firsts, nominal. NEW YORK, Juna 1. Butter Firm. Creamery higher than extras. 29'30c; crtamery extras, 211c; creamery firsts, 2J &2K'-jC. Eggs Firm, unchanged. Cheese Steady to firm, unchanged. CHICAGO, June 1. Butter lower. Creamery extras, 2c; firsts, 22(26c; sec onds. 170'22c; standards, 28c. Jggt Lower. Receipts, 40.235 cases; firsts, Sm&lSic: ordinary firsts, 18 19c; at mrk, cases included, 20&21c; standards, 22c SEATTLE, June 1. Wholesale prices to dealers: Kkps Select local ranch, white shells, 24fe 25c; do, mixed colors, 23&24c; pul let. 18igi20c. Butter City creamery cubes. 32c; bricks or prints, 33c; country creamery, extras, cost to jobbers in cubes, 28c. Coffee Futures I-ower. NBW YORK, June 1. The market for coffee futures was lower today under liquidation of old long accounts in the ab sence of any important demand. Reports of rallies in the primary markets and rumored private cables that Importers here would have to raise their bids to secure coffee from Brazilian shippers, evidently failed to make any impression on senti ment, as closing prices were within 2 to 8 points of the lowest. The market opened at a decline of 5 to 13 points and sold 14 to 17 points net lower on active months with September touching 6.61c and closing at 6.64c bid. The general market closed at & net decline of 13 to 10 points. July, ti.2!c: September, 6.64c; October, 6.78c; l")ecember, 7.0Sc; January, 7.18c; March, T.SKc; May. 7.62c Spot coffee was reported in moderate de mand at for Jtlo 7s and 99c for ban Los 4s. Rails Derive Little Benefit From Wage Reduction; Liberty Bonds lower, Victory Xotes Firm. NBW YORK, Juna i- Shares of rec ognized value were relatively steady in the stock market today, bat speculative Issues recorded additional losses. Increased depression in essential in dustries, notably steel and motor, was marked by further curtailment of opera tions, lower price schedules and more re adjustment of dividends. Food specialties, such as sugars, were heavy. In the list as a whole, gains and losses were confusingly mixed at the irreg ular close. Sales were 675,000 shares. Transportation stocks derived little or no benefit from the cut in wages. Trades were expected to hold aloof from the rail road division pending action regarding freight rates by the interstate commerce commission. Fluctuations In the money market fol lowed the recent set course, loans opening at 7 per cent and rising to IVi per cent in response to the usual belated demand. Time funds and commercial paper rates were unchanged. The foreign exchange market was strong. Sterling rallied 4 cents from its recent low and continental rates advanced 6 to 35 points, the Dutch rate showing especial Improvement. A new low record of 86.84 for liberty 3s featured the . bond market Other liberties were mostly lower, but victory notes strengthened. Domestic issues as a whole were irregular with leading inter nationals. Totals sales, par value, $9,850,000.' CLOSING STOCK QUOTATIONS. (Furnished by Overbeck & Cooke com pany. r'ortlana.J Advance Rum. Agr Chem . . Ajax Rubber.. Alaska Gold.. Alas Juneau.. Allis Chal do pfd Am Beet Sug. Am Bosch . .. Am Can do pfd Am Car & F.. do pfd ..... Am Cot Oil. .. do pfd Am Drug Svn. Allied Chem.. Am Hide & L do pfd Am lie Am Intl Com. Am Linseed. .. do ptd . Am Loco .... do pfd Am Saf Razor Am Ship & c Am Smelters.. do pfd Am Steel Fdy. Am Sugar ... do pfd Am Sumatra.. Am T & T. . .. Am Tobacco.. do B Am Wool .... do pfd ..... do P pfd Am Zinc Anaconda .... Assd Oil Atchison do pfd . . Atl G & W I. . Bald Loco.... do pfd Balto.st Ohio. Beth Steel 8s.. do B B R T Butte & Sup.. Caddo Oil Cal Packing... iai ret do pfd ..... Can Pac Cen Leather.. Cerro de P Chand Motor. Chi & N W. .. Chi Gt W do pfd Chill Cop Chino C M St P do pfd Coco Cola . . . AO Colo F & I. .. Colo G & E. .. Col Graph ... Con Gas Con Cigars. . .. ContI Can Contl Candy.. Corn Prod . . .. do pfd Cosdcn Oil .. C R I & P do A pfd... do B old Crucible do pfd Cuba Cane. ... do nfd ; . . . . Cuban Am Sug uol & Hudson Dome Mines.. & R G do pfd End! Johnson. Erie do 1st pfd.. do 2d pfd . .. Fam Players. . ed M & S... do pfd Fisk Tire aston Wms. . Gen Cigars Gen Electric. Gen Motors. . .. do bs oodyear Gen Asphalt.. oodrich ..... ranby . ..... t Nor Ore. . . do pfd reene Can . .. ulf S Steel.. Hupp Motor... oueton on... I Central ... nspiration ... t Agr Corp. do pfd Interboro do pfd Intr Callahan. Int Harv 6fi0 400 1,600 ' 1,600 3110 1,2110 800 1,500 s no 700 100 fiOO 1,200 300 600 48 28 '4 5. "32" 734 36 'i 44 i, 30 100 18 6 43 12 "4 63S, 3.000 45 47 2S'i 'aiki 7314 85 44 29 iisii 10!) 18 42 '4 11 53 600 100 2,100 4 00 100 400 5,700 500 5.500 2.700 4,500 50 3,300 300 100 2.Vn'6 too 100 100 9.400 8,500 8.500 500 5.000 300 500 Yon 1,200 "i.3o6 4,2110 1.000 1,700 300 3,500 300 700 1,000 300 1,000 100 1O0 300 100 1.000 2,200 "i.'o'iio 8.700 200 1.200 24,700 " i .'200 2.7O0 6,700 'i.YoO 1110 1.000 300 84 101 5 '4 9 '4 42 '4 76 29 S5 5i 60 104 127 '7i 31 '40 99 81 ' 37 U 82 41'' n 56 12'4 13 "57i4 42 112 37 28 62 65 11 24 28 42 28 58 30 58 7 86 30 "1 68 32 33 7H B7 68 'is" 53 20 'l8 1 61 14 20 3,000 71 1,000 2.200 400 400 1.000 11,000 19,500 500 200 900 VnO 2.000 1,300 300 100 1,000 500 2.700 100 14 1 S7 13H 10 S 36 'ik" 68 '3.i" 12 70 91 34 n 49 4 87 83 101 5 8 42 76 28 83 95 58 104 124 '71 'si' "39 99 81 '35 81 40 99 65 12 13 57 41 iii 36 27 61 65 11 24 28 42 28 68 30 58 86 27 ..... 67 "31 32 7B 66 64 'ie 51 10 'is" 1 61 14 20 "69" 13 1 56 133 10 65 35 28" 68 '34" 111 68 90 34 8 49 4 87 14 48 28 - ' 1 31 73 36 44 20 83 123 1011 18 42 6 41 11 63 53 45 29 68 84 101 6 8 42 76 29 84 94 60 104 126 124 72 S7 31 0 39 99 80 75 37 82 99 4(1 93 56 12 13 13 57 . 42 14 75 111 3H i ..2 o. 18 11 24 28 42 2. 58 2 58 74 KB 28 48 1 68 10 :i2'i 33 76 65 64 83 17 52 97 17 1 1 34 20 14 71 6 2fl 13 I 5H34 133 10 7 67 3 if 28 68 22 34 11 69 4 89 34 9 49 . 4 11 4 State of Oregon 6 Bond Dated June 1, 1921 Denominations $1000, $500. Maturity 1939 1940 1943 1949 These bonds are a general obligation of the State of Oregon. Price to yield 5.75 LUMBERMENS Broadway and Oak. Union Pac ... Untl Alloy ... Untd Drug ... Untd Fd Prod. United Fruit.. Un Rtl Stores. U s Ind Al. . 1.500 118 117 2,000 2.100 1,000 1.600 V S Rubber... 11,100 900 100 36.700 400 3,700 500 1,500 200 300 1,500 93 20 309 59 65 B7 101 32 80 108 53 29 31 7 8 22 91 29 107 57 65 65 101 32 78 108 . 52 29 30 7 8 22 , do 1st pfd. . U S Smelting.. U S Steel do pfd ..... Utah Cop .... Va Chem .... Van Steel .... Vivandou Wabash do A pfd... do B pfd... Wells Fargo.. West Union. .. Westh A B. . . Westh E &. M West Md White Motors. Willys-Ovrl .. do pta ..... Woolworth . .. Worth Pump. W & L E BONDS. U S 2s reg. ..'100 N Y C deb 6s. do coupon. ..7.N p 4s U S 4s reg...104 IX P 3s do coupon ..104 pac r Ac i os. Pan 3s reg 76 Pa con 4s.. do coupon ...70 s r cv os A T & T cv 6s. 97 ISO Ry 6s Atch gen 4s.. 75'U P 4s D & R G con4s"63iU S Steel 5s.. 300 400 10 10 100 2.S00 8 8 1.300 36 35 "YoO 49. '47 1,500 10 9 118 27 92 19 107 59 65 67 101 32 80 108 63 29 30 . 7 8 22 14 62 87 92 46 10 38 8 36 112 47 10 87 78 54 83 84 8 82 97 a,i Bid. do pfd 104 m Int Mer Mar.. do pfd Int Nickel .... Int Paper . . .. do pfd Invin Oil .... Island Oil .... K C Southern. do pfd Kelly-Spgfld .. Kennecott . . .. Keystone Tire. Lack Steel BOO S.3O0 7,600 63 15 68 63 14 66 2.100 1.800 1.600 17 .1 27 16 3 26 8,600 1.200 1.300 1.900 Lee Tire 3.300 Lehlch Val . I. & N Maxw Motor.. do 1st pfd. . do 2d pfd. . . Mex Pet Miami Mid States Oil .Mid vale Steel. M. K & T do pfd Mo Pac 5110 100 100 24.300 400 2,900 2,400 ' 30O 100 1,600 do pfd 1,600 Duluth Linseed Market. DCLUTH. June 1. Linseed on track and to arrive. 1.93. Cotton VEW YORK, quiet; - middling, Market. June L Cotton, 12.900, "pot. Mont Ward Nat Enamel.. Nat Lead Nev Con . . . . . New Haven .. Nor & West. .. Nor Pac Nov Sco Steel. N Y Air Brk. N Y Central Okla Prod Ont Silver . ... Ont & West.. Otis Steel Pacific Oil... Pac G & E... Pan Am Pet., do B Penn Peo Gas Pere Marq.... Phila Co Pure Oil Pierce Arrow.. Pierce Oil Pitts Coal Pitts & W Va. do pfd Pr Steel Car.. Pullman ..... Ray Con . ., . . Reading Remington ... Repl Steel ... Rep I & S. ... do pfd Rep Motors . . Ryl Dutch Oil. Ry Steel Spg. S O Ind Sears Roebuck Shattuck Ariz. Shell T & T. Sinclair Sloss Shef So Pac So Ry do pfd St 1.4 S F... Strom Carb... Studebaker . .. Swift & Co. .. Tenn C & C. . Texas Oil Texas Pac ... Tex P C O. Tob Prod Tr Cont Oil., la Oil Del.... 200 1,600 2,300" 900 1.300 4.200 100 " i ."lino ref 15,200 400 'e.Yo'o 1.9O0 4,100 100 1,100 500 1,600 100 4.800 6.100 800 100 3.700 400 1,200 5,400 400 800 6,400 39 30 14 47 28 52 "4 13 27 2 42 'si' ii" 19 .95 71 30 "69" 2 18 35 52 66 59 35 51 21 32 31 25 60 29 ini" 13 72 24 24 55 38 20 . 13 46 26 51 "4' 146 21 12 2B 2 L'i 41 '46'" ii" 19 95 70 29 68 1 'is" '34 61 64 59 35 50 21 32 30 21 9 60 29 100 13 70 23 23 54 7.000 3,400 600 3,200 12,900 ino 4.7O0 1,000 300 2.IKI0 31 K 5,600 59 .6. .. '77 4? 23 38 75 20 47 25 37 72 58 75 6 41 23 38 "4 74 20 47 24 69 .100 22,900 19,000 1,000 1.50O 1,200 1,700 8 3B 24 24 5A 22 85 23 23 65 n 21 14 6.1 14 l 94 16 3 -7 14 40 38 20 l:: 46 27 52 100 4 5 1 ' 140 21 13 2fl 2 . t 21 41 18 51 76 11 19 95 71 29 65 69 2 4 18 12 35 51 65 59 . 35 61 21 . 32 30 22 9 R0 29 I 75 81 101 13 72 23 23 87 14 14 59 83 72 77 6 42 23 38 IS 25 S 72 96 8 35 -m 6A 9 21 Liberty Bond Quotations. Rarnre of Liberty bond quotations, fur nished by the Overbeck & Cooke company of Portland: High. Liberty Ss $87.50 Liberty, first 4fl Liberty, second 4s . . .... Liberty, first 4s... 87.B8 Liberty, second 4s. 87.00 Liberty, third 4s... 90.56 Liberty, fourth 4a.. 87.00 Victory, 4s 98.16 Victory 3s 98.16 Mining Stocks at Boston. BOSTON, June 1. Closing quotations: Allouez 20'North Butte ... 10 Aril Com Low. Close. J86.90 S6.S0 87.40 86.82 87.40 87.50 86.78 86.92 90.44 90.46 8B.82 88.94 98.00 98.16 98.08 98.16 Norway, kroner .................... .1555 Portugal, escudos .1125 Roumania, lei 0172 Sorbla, dinara 0328 Spain, pesetas .134 Sweden, kroner .2-125 Switzerland, francs 1772 China Hongkong, local currency 4975 Shanghai, taels 67 Japan, yen 4875 NEW YORK, June 1. Exchange, strong; sterling, demand 3.91. cables $3.91; francs, demand 8.4B, cables 8.48; Belgian francs, demand S. 15, cables 8.47; guilders, demand 84.55, cables 34.65; lire, demand 5.34, cables 5.3U; marks, demand 1.58, cables 1.59; Greece, demand 5.75; Sweden, demand. Si. 03; Norway, demand, 15.25; ArJ gentlne, demand, 32.37; Brazilian, demand, 18.25; Montreal. 10 per cent discount. Foreign Bonds. Foreign bond quotations furnished by the Overbeck & Cooke company of Port land: . Russian 5 'is, 1021 Russian 5s, 1926 Russian 6s, 1919 French 5s, 1031 ... French 4s, 1917 ... French 5s, 1920 ... Italian 5s, 1918 ... British 5s. 1922 ... British 5s. 1927 .. British 5s, 1929 ... British vky 4s British ref. 4s Belgium rest 5s .. Belgium prem 5s . German W. L. 5s . Berlin 4s Hamburg 4s Hamburg 4 B Lelpsig 6s 4s Calu & Ariz.. Calu & Hecla. Centennial .... Cop Range . . East Butte .. Franklin , . . . Isle Royalle . Lake Copper.. Mohawk "801d Dom 15 49 Qulncy 39 251 (Superior 3 7iSup & Boston.. 1 34Shannon 90 " 9 lUtah Con 1 2 I Winona ,.t.... 3T 21 Wolverine 11 S Granby Con ... 22 52 I Money, Silver. Etc. NEW YORK, June 1. Prime mercantile paper, 6&7 per .lent. Time loans, firm; 60 days, 90 days and six months, 6 per cent. Call money, firm; high, offered at and last loan, 7 per cent; low, ruling rate and closing bid, 7 per cent. Bar silver, domestic, 99c; foreign, 57c Mexican dollars, 44 c. LONDON, June 1. Bar silver, 33 d per ounce. Money. 4 per cent. Discount rates. short bills, 5 per cent. Foreign Exchange. Foreign exchange rates at close of busi ness yesterday, furnished by Northwestern National bank 01 fortiana. 1 ne amount quoted is the equivalent of the foreign unit in United States funds: Country. Unit. Austria, kronen Belgium, francs Bulgaria, leva Czecho-Slovakia, kronen ... Denmark, kroner England, pound sterling Finland, finmark France, francs Germany, marks . . . Greece, drachmas . . Holland, guilders ... Hungary, kronen ... Italy, lire Jupo -Plavla. kronen Rate. . .$.003 . . .0861 .t .0135 .. .0155 .. .1803 . .3.94 .. .021 . . .0858 .. .0165 . . .059 .. .3468 . . .0051 . . .055 Frankfort Jap 4s Jap first 4s . Jap 2d 4s ... Paris 6s U K 5 Vis, 1921 U K 5s, 1922 U K 5s, 1929 U K 5s, 11)37 Bid. Ask. ...14 18 ..4 6 .-. 15 17 ..61 63 .. 51 52 . . 76 78 .. 41 42 ..390 400 ..382 32 ..383 393 ..305 313 -'lii r' 1 . 1 2 1 .. 74 75 .. 12 13 .. 13 V4 14 ' j. ,. 15 16 . 15 16 .. 15 17 . 15 17 . 15 16 . 15 18 . 16 17 . 68 69 . 84 85 . 84 85 . 1)8 99 . 99 100 . 97 97 . 89 90 .' 84 85 Swift & Co. Stocks. Closing prices for Swift & Co. stocks Chicago were reported by the Overbeck & Cooke company of Portland as follows: Swift & Co ; 97 Llbby, McNeill & Llbby 8 National Leather 7 Swift International' 24 Metal Market. NBW YORK. June 1. Copper, steady: electrolytic, spot and nearby. 1313c. futures, 1313c. ' ' Tin, easier; spot and nearby, 31.25 31.50c; futures. Sl.25ft31.fiOc. Iron, nominal, unchanged. Lead, steady, spot. fic. Zinc, easy; East St. Louis, spot, 4.759 4.80c. Antimony, spot. 5.25c. v - Naval Stores. SAVANNAH, Ga.. June 1. Turpentine, steady, 54&!54c; sales, 600 barrels; re ceipts, 257 barrels; shipments, 1899 bar rels; stock. 7620 barrels. Rosin, firm; sales, 301 barrels: receipts, 596 barrels; shipments, 2891 barrels: stock, 75.724 barrels. Quote: B, $3.50i8,360; D, $3.70; E, F, G, $3.80; H, $3.90: I. $4; K. $4 60; M. $5.25; N. $6.25; WG, $0.256 6.75; WW, $77.25. New York Sugar Market. NEW YORK, June 1. Raw sugar, cen trifugal. 4.95c old stock: 5.25c: new stock duty paid. Refined, 6.30c to 6.60c for fine granulated. ' Dried Fru.it at New Tork. NEW YORK. June 1. Evaporated apples nominal; prunes, quiet; peaches, steady. Poll Tax Time Extended. ABERDEEN, Wash., June 1. (Spe cial.) Fifteen days' additional srrace ! i THE College Man Is a College Education worth while? A question of live and vital inter est to the business community. An Address before tKe Convention of the National " Alumni Association of Princeton University held in St. LouU February 12, 1921 Py L H. LIONBERGER Copies will be furnished free to Manufacturers and Jobbers upon request to the St. Louis office of the Company "The AMERICAN CREDrr-INDEMNITY CO. The Credit Insurance Company - E. M- TREAT, President 511 Locust St, Sc. Louis, Ma Branch Offices in AH Principal Cities: New Yorlc, Chicago, San Francisco, Boston, Phila . adelphia, Baltimore, Buffalo, Pittsburgh, Cleveland, Detroit, Cincinnati, Milwaukee, Davenport, Minne apolis, Seattle, Portland, Los Angeles. Vulcan Manufacturing Co. 1200 FOURTH AVE., S, SEATTLE. ANNOUNCES A SALE OF SURPLUS MACHINE TOOLS AND EQUIPMENT Including1 Lathes, Planers, Shapers, Drills, Punches, Hammers, Cranes, Bolt and Pipe Threaders, Air Tools, Com pressors, Receivers, Etc. PRICED TO SELL! ACT NOW! Machine Shop Tools Mln-nrmrnt.I'imt 24"xl2' Turrrt lthe, direct motor driven. Uinhnlt 24"x13' Turret Lathe, with dpeolnl equipment for boring; vtindloma hounlnjc. Mlea-Bement-Pond 32"x4W Engine Lathe, direct motor driven. MrOaua-all J"xH' Knsrine Lathe, quick fbasKe. Schnombachrr-Bnyr-Kmmen 18"xll' En trine Lathe, quick chanare. Lodice A Shipley lS"xl.T Knlflne Lathe, quick chane patent head. Lodae Shipley ai"ill' Enirine Lathe, quick chnnse patent head. Loda-e Phiiilry lH"xi:i' Knerlne Lathe, quick clianse patent head. Hamilton 42"x:tf Engine Lathe, quick change. Xra Haven 1S"i12T Engine Lalhe, quick change. Jonrn A I.amxon 1" Turret I.nthe. Pratt fc Whltnev IK" Turret Lathe. Boye Kmniea 32"xl' Engine Lathe, quick chnnge. American .W Kndlnl Drill. Mles-Henient-I'ond 42" Vertical Boring. Kyerxon HO" Hadinl Drill, l'rectiee :IH" Itadinl Drill. American 4K" Hudlnl Drill. (Usbolt Solid Tool t.rindcr. . Mlcx-Hement-Ponri 42" ertleal Boring .Mill, direct motor driven. Detrlct-Hiwvey 4' 13' Open Slide Pinner. Cincinnati i!0" Shnper. It an son No. 47S Emery Head and Stand. KawMon !No. 47.1 Emery Head and Stand. Vitts A Merrill io. 6 Key Senter, direct motor driven. Pedrlek 6" Horizontal Boring Mill, height of feed travel ', ie of table 0 ', direct motor driven. Mlex. Ilement-Pond H4" Vertlcnl Boring .Mill, provixlon Ix made on thin mill te xet out to 104", direct motor driven. ;iddlnga & Lewis) 3" Horizontal Muring tii'ddings Lewlx 3" Horiaontal Boring Bnker Broa. Key Seater, direct motor driven. ' , , Burr & Son Slotler, direct motor driven. Ilarnra 20" Drill. Ilnrnex 23" Drill. Higley 12" Saw. Structural Shop Tools W Illinois-V hllc A Co. No. I2'i 24" DmiM Punch and shear, direct motor dritrn. weight 2H.IMMI poundx. Clark Hank Saw. Including motor. Two Bull Hlvrlrrx, 24". I'lttshurzh Jack Knife Illvetrr. 10". Emery Head and stand. Two Structural t nil Itadlal Drills, 11', Cleveland Model E. F. Punch, 3d", direct motor driven. Ilillex A Jonrx o. S Punch, 4S", direct motor driven. Bolt and Forpe Shop Tools Mlex-llement-Pond 4IMHI. Pound Hammer, weight, 74.INH1 poundx. ilex-llemrnt-Pond llOO-pnund Iliwnmcr, weight 2.MM( pouiidx. Mlex - Ilement Pond 2."iO-ponnd llnmmer, weight f21HI poundx. Acme Machine t o. Holt Header. 1", weight I 1'tNI poundx. Acme .Machine Co. I pxettlng .Machine, :(:". weight S7.IMMJ poundx. ntionnl Machinery Co. Holt - Threading Machine, 2(-,". weight 4r)lM pnnnrix. Acme .Machinery Co. Holt . Threading Ma chine. .1'-", weight 4tMM p dx. Three-Spindle l'a" HU Threader, weight 454MI poundx. Three-xpindle i'i Bolt Threader, weight .'t2."0 poundx. Blgnall A. Keeler 2" Pipe Cutting a-ml Threading Machine, weight I4IH) potimlx. Blgnall i Keeler 4" Pipe Culling nnd Threading Machine, weight 2IKHI 1 mix. Blgnall A Keeler " Pipe lilting and Threading Machine, weluht .Ml 00 poundx. Acme Machine Co. H-xplndle IV' Nut tap per, weight 7o poundx. Aema Mnchlne Co. 6-xplndle 1" Nut Tap per, weight 4.MMI poundx. Slurdevant " Hlower. Emery Head and Maud. Electric Motors G. V.. Co. 20-H. P. 60-(cle, 220-olt, 3- Phuxe .Motor. G. E. Co. 12-lf. P. 60-Cyele, 220-Vnlt. 2- 1'hnxe .Motor. C. E. Co. 2S-H. P. BO-Cycle. 220-olt, 2- Phnxe Motor. Three ti. E. Co. S-H. P. 0-C.vcle, 220-Volt, 2-l'hnxe Miners. G. E. Co. IS-II. P. 60-Cycle, 220-Voll, 2- Phaxe .Motor, For Information and Trices, Apply at Once io M. Barde & Sons, Agents 240 Front St., Portland. V. ' r.. Ill ... """'.J """" S.W.I.W.IIISX.. . -.- SX.I..H-, L-I.i' - . J .ZlZrIrayi im i.l irim trah itaeVit nsaiMfl anew .tmyeXKjL.. 1 II. li have been granted Grays Harbor county poll tax payers by the county treasurer, for during the last two days allowed by law tor payment the office has been swamped with remit tances which will require a number of davs to file and receipt properly. Xo delinquents, therefore, will be cer tified to the sheriff for forced col lection through property seizure until June 15. Difficulty of large employers in securing poll tax data from their employes has delayed remittance of several hundred tax payments. Telephone Line Beins Extended. EUGENT3. Or., June 1. (Special.) A telephone line was being con structed up Smith river, in the west ern part of Douglas county, from the end of the system of farmers' lines in that lnnalitv to a DOint eight miles up the river, "for the use of the fed-j eral forest fire fighters. fl OWNERS frequently find that the time spent in managing their property is worth much more to them than the fee for a more com plete manage ment service. Strong 6 HacNaughton C0R8ETT BUILDING PORTLAND OREGON .... $1,00U,UUU State of Oregon Highway Bonds United States of Brazil 5 External Sterling Bonds Issue of 1895 Donom. 100, 500, 1000 A Direct General External Obligation Free from all Brazilian Taxation. Brazil has a per capita debt of $.13.00 with an annual interest charge of f 1.85, which compares with other nations as follows: Denmark .. Canada . . . Switzerland Australia .. . .$ 83.65 ,.$275.08 , .$ 92.71 ..$321.59 Argentina ... Great Britain United States France ..$111.90 , . .SS27.29 ,. .$227.83 , .$1107.95 These bonds are payable in sterling and contain the statement that any part of issue remaining unpaid from sinking fund on August 1, 1934, will be paid at par by the Government. ASSUMING A TRICE OF $17:. TER 200 Ariillllonal I'rofll When ( nllril al I'ar r.L'.'i.oo 3S.Y00 407.00 With Exchange at Annual Income r, $3.90 8.21 4.00 8.42 4.30 9.0.-) 4.86 10.23 Price and Complete Details Upon Request Ralph Schneeloch Company MUNICIPAL AND CORPORATION FINANCE LUMBERMENS BUILDING Portland. Oregon. ! Dated June 1, 1921 Due October 1, 1925 Semi - annual interest April 1 and October 1, w in New York. Free from federal income tax. Price 101 and interest to yield 5.75. E.H.ROIUNS f SONS Jnoerttnent Hands BOSTON -NEW YORK-CHICAGO SAN FRANCISCO - LOS ANCELEi CAbrilmest Ttetnrsentath'e 404 COUCH BUILDING CJeitphonecHarshall 3g$ PORTLAND EARLY SUMMER INVESTMENT OPPORTUNITIES -including splendid Industrial, Highway, Irrigation, Drainage and Government Bonds. Anrrlrsn Power Msrhr Co. Secarrd SO yr. S'b, pri.-ed 8N.SO to yield Province of Itrllh Columbia 5-year , priced IM.M lo yield Gov't of Newtonndland 1.1-year 6'i, priced iKWM to yield rjmatilln, Dralnaee Dit. (Municipal) 8 yr. 8a, priced IW.TS to jield Portland tin Coke Int Men, 1 yr. 7'a, priced ..0O to yield Kentucky I tlllty Co. la Ml. 3 yr. 6'a, priced 8XOO to yield - Nampa (Ida.) Ily. Dint., 1 yr. SHt, priced B4.46 to yield Enterprlae Irrl. Dint. (Municipal) 7 yr. 6'm, priced D4.S0 to yield Thoxe ao marked ane exempt from federal income taxation, . .t.mt, . ,.sn ,' . ."..IO'', . ..Mt' , .7.nn- CUARK KENDALL & CO. inc OOVERNMtNT MUNiUPALArlD CORPORATION BONDS FIFTH AND STARK STRUTS - PORTLAND 0PEG0N 7 y i. 'v. .1, 3 1 A