21
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