Morning Oregonian. (Portland, Or.) 1861-1937, June 07, 1921, Image 21

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Morning Oregonian., June 07, 1921, Page 21, Image 21

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Newspaper Page TextZl THE . MORNING ' OREGONIAX, TUESDAY, JFSE 7, 1921 FILL IH EXCHANGE HALTS WHEAT TRADE Exporters Send. Out No Bids to Country Sellers. OFFERINGS BY FARMERS 13.13 and the smalt size at $4.83 a case. The decline was followed by other brand. New Casrara Bark Price. New buylpg prices on cascara bark were put out yesterday to take effect at once. New peel bark Is quoted at 5V4 cents, while 6Vs cents will be paid for old bark. PORTLAND MARKET QUOTATIONS ' Grain. Floor and Feed. Merchants' Exchange, noon session. ma June. July. 28. 00 30. UO 30.00 Prices Posted on Local Board Are Cncbanged From Saturday. Coarse Grain Is Dull. There was no inducement for wheat buy ers to enter the market yesterday. The fall In sterling exchange, amounting to 44 cents to the pound, created an uneasy feeling and exporters, therefore, put out no bids. Other buyers held back and the country reported inactive conditions. In some sections farmers offered wheat, but they wanted the prices of several days ago. At the Merchants' Exchange ses sion the only bids were on hard white, oft white and white club, and they were the same as Saturday. The coarse grain market was also dull. July white feed oats were II lower on bid and July No. 2 corn was also down II. The weather In the east was unsettled and warmer. Snow's report on Nebraska was Inclined to be bullish. Reports from a number of points In Iowa were that crops are looking fine. A dispatch from Kansas City said: "Freak weather for this season and the finding of a million acres of wheat in Kansas by. assessors, raises estimates on the Kansas wheat crop about 25,000,000 bushels. The section where heavy abandoned acrease was expected 10 days ago Is given 6 to 10 bushels per acre. Hirv, is beginning here and south, and expect good movement of new wheat by the 2.1th. Farmers are free sellers at II and above." Terminal receipts. In cars, were reported br the Merchants Exchange as follows: Portland Monday Wheat. Bar.Flr.Oats.Hay. . 232 13 12 4 mvn 33 .. . 1.1 Season to date ls.nsi 275 ixx m ziia Tear ago Tacoma Saturday .... Tear ago . . Season to date Tear ago .. Seattle Saturday . Year ago .. Season to date Tear ago . . 23T 10 ... 1 1 .. 11 2 7 1.. 4.773 64 1001 ISfl 943 7.101 102 323S 180 641 S4 1 5 1. 4 372 221 SS4 477 1464 8.3.71 2M 1188 650 1232 STORAGE BLVIG HEAVY IN EAST Batter Production at High Point, But Markets Are Firm. The heavier receipts following the two day holiday at the opening of the past week were readily absorbed in the eastern butter markets. Deliveries were scattered over Wednesday. Thursday the market held firm and improved during the week under active storage buying. Chicago was firmest and most active from the storage viewpoint, but the east showed a much more consistent tone. Prices advanced somewhat during the week and unless the market advanced too sharply. It looks like a continued good market. Demand was chiefly for fine centralised cars, top grade creamery, fine unsalted and sweet cream butter. On several days over 1,000.000 pounds of butter at the four markets went into storage each day. The Increase is ' three times greater than for the same week last year, due to the advanced sea son. Receipts and production are also above last week and last year, but It looks near the peak. The recent hot weather hurt the quality, but good consumptive demand cleaned up undergrades very nice ly. Passage of the emergency tariff has also helped the market. No Danish but ter was reported purchased or en route. The butter market continued firm dur ing the entire week at San Francisco and 92 score advanced 1C Trading was eiuite active, both before the holiday and at the close of the week. Local con sump tlve demand was good and storage buying Increased at the end of the week. The firm and advancing San Francisco market attracted butter from Oregon. Nevada and Colorado, which caused no surplus on dealers' floors, but made total receipts show an Increase. Dealers generally do not expect much lower prices this season and the closing tone was very firm. Latest available reports show cold storage hold ings in Seattle, Portland. Los Angeles and Fan Francisco at 1.767,817 pounds as com pared with 1.870 808 pounds the previous week and 1.998.707 pounds in 1920. XGQ BUYERS FAF HIGHER . PRICE Twenty-two Cents Offered for Receipts From Country Butter Is Firm. Kgga were firm and higher again yes terday. Buyers paid 22 cents for receipts from the country and resales were made an the street at 23 eents case count. All white, large eggs brought the usual pre mium. Shipping orders from the south re still being filled. Butter continued firm at Saturday's prices with a continued demand from lo cal etorers and to ship to California. Cube extras moved at 27 and 27 Va cents. In the city trade prints were fairly active at the 32-cent basis. . The poultry market was weak with good receipts and a slow demand. There were a few. sales of light hens at IS cents, but retailers generally were not disposed to pay over 13 cents. The top on heavy liens was 20 cents. Country dressed meats were steady. Teal was In better demand and 144 cents was obtainable. Receipts of pork were light. STRAWBERRIES AT I.OWEB . PRICES Supply Prove to Be Larger Than City Trade Can Absorb. The supply of strawberries yesterday was more than the city trade could take care of and prices dropped sharply. Start ing around S- at the opening prices worked down until at the close- of the day ales were made as low as $1: The bulk of the business was probably at $1,239 1.50. Berries held over from Saturday sold In some instsnces at 60 cents a crate. Cantaloupes were more plentiful and cheaper at $6.50 for standards and $5.S0 for pony crates. The first watermelons were en the mar ket and brought 6 cents a pound loose and T cents crated. Another shipment of California peaches arrived and cleaned up at 1202.50 a box. Wheat Hard white $ 1.35 Soft white 1.32 White club 1.30 Oats No. 2 white feed 29 00 No. 2 gray 30.00 ilillrun 31.50 Corn No. 2 E. T. shipment 31.50 No. 3 E. T. shipment 30.00 FLOUR Family patents. I8 60 per bar rel: whole wheat $7: graham I8.S0; bak ers' hard wheat, 8.25; bakers' blues'.em patents, I. .70; valley bakers' $i.2a; straights. S7.25. MILLFEED Prices f. o. b. mill: Mill- run, 333 per ton; rolled barley, $3" 39; rolled oats, 340; scratch feed, $32 per ton CORN Whole. 341; cracked, 344 per ton. HAT Bovine nrlces f. a. b. Portland: Alfalta.- Hi per ton; cheat, 122023 per ton; clover, 118 per ton; valley timothy, $24; eastern Oregon timothy, $28. Dairy and Country Produce. BUTTER Cubes, extras, 2727Ho per pound; prints, parchment wrapped, box lots, 32c; cartons, 83c Butterfat. buying price: A grade, 26c; B grade. 24c, Port land delivery. EGGS Buying prices, case count, 22c delivered. Jobbing prices to retailers Candled ranch. 24c: selects, 27c. CHEESE Tillamook triplets, price to jobbers f. o. . b. Tillamook. 19c. Young Americas, 20a pound. POULTRY Hens, 1520c pound; ducks, young, 40c; geese, nominal; turkeys, nom inal. PORK Fancy, 13c per pound, VEAL Fancy. 14gl4c per pound. Fruits and vegetables. FRTJITS---Navel oranges, 4.75'96.25 per box; lemons, $5.258.50; grapefruit, $39 10.50 per box; bananas, veiioc pound; apples, 1.30pS per box; strawberries. Or egon, X1&Z per crate; cherries, 10920c per pound; cantaloupes, standards, 96.50; do, ponies, 35.50; peaches, 322.50 per box; watermelons, 67c per pound; goose berries, 8c pound. VEGETABLES Cabbage. 44VC per pound; lettuce, 9202 75 per crate; carrots, 93 per sack; garlic, 20c per pound; beets, 91.503 per sack; green peppers, 85045c per pound; rhubarb, 4 6c per pound; spin ach. 606V&C per pound; turnips, 3202.50 per sack; tomatoes, 9305 per lug: cucum bers, 91-25 0 2 per dozen; peas, 15017c per pound; asparagus. 2 02.2 per dozen; beans. 120 174c POTATOES Oregon. 1101.60 per 100 pounds; Yakima, 91.5001.75; new Califor nia. 44 05c per pound; sweet potatoes, 93.75 per crate. ONIONS Oregon. 75cffi31 per sack: new crop. White Bermudas, 91.75 per crate. ALL CLASSES M LWER DEPRESSIOX IX WAIili STREET STOCKS COXTIXCES. Rails Off One to Three Points and Speculative Issues Down Two to Six Points. NEW YORK. June . Recent reaction sry movements in the stock market be came more pronounced today. Shares of recognized Intrinsic value, notably Invest ment rails, suffered extreme losses of to 3 points and speculative issues fell 2 to 6 points. Sales were 725.0OU snares. Railroad tonnage at western terminals fell off. General business at principal In terior centers evidently was disposed to await further readjustment of commodity prices. esDeclally on foodstuffs. Unsettling incidents Included another cut in refined sugars with attendant weak ness in those issues; a sharp reduction in the Chandler Motors dividend and lower domestic and export prices for news print paper. Demand bills on London made an ek treme decline to 13.78 before the close representing a loss since Saturday of 6c. French, Belgian. Italian and Dutch bills were lower by 20 to almost 50 points, Scan dinavian rates showing similar recessions. CLOSING STOCK QUOTATIONS. (Furnished by Overbeck A Cooke com Danv. .Portland.) Sales. High. low. 510 It 13 3.200 47 Vi 41 Vs. 1,100 28 27 Vi 500 1 H 1 Vi 400 . 700 84 Vi S3' 1.400 3 Hi 81 1.000 41 Vi 89 2,100 30 Vi 29 Advance Rum. Agr Chem . ... Ajax Rubber.. Alask Juneau. Alaska Gold.. Allie Chal .... Am Beet Sug. Am Bosch .... Am Can do pfd ..... Am Car A F. do pfd Am Cot Oil... Am Drug Syn Allied Chem.. Am Hide A It do pfd ...... Am Ice Am Int Corp., Am Linseed... Am Loco .... do pld Am Saf Razor Am Ship & C. Am Smelter. do pfd Am Snuff .... Am Steel Fdy. Am Sugar . .. do prd Am Sumatra.. Am T & T. ... Am Tobacco.. 400 123 Vi 1,000 600 5,000 300 1,300 200 2.500 200 1,200 "2,200 200 4,600 100 900 100 18.0OO 400 2.500 2.900 1,700 do B 1.700 Staple Groceries, Local Jobbing Quotations: SUGAR (sack basis) Cane granulated. i.ouc per pouna; oeet, 7.30c per pound. NUTS Walnuts. 30 039c pound: Brazil nuts, sue; inoerts, J-c; almonds, Z403Oc peanuts, 8011c pound; cocoanuta. 91.75 per aozen RICE Blue Rose, 8b per pound; Japan otyie, i"jc per pouna. BEANS Small white, 8 Vic: pink, 7 Vic lima. 7c: red. 10c per sound. COFFEE Roasted, bulk, in drums. 140 dttc per. pouna. SALT Granulated, bait, $34004.25 nail ground, ton. aus, siv.io; iws, 81U. lump rock, 326.50. DRIED FRUITS Italian orunes. 8U pound; dates, 94.250S.85 per box; figs, 93 0d.2a per dox. Hides, Hops. Etc. TALLOW No, 1, 3Vi4c; No. 2, old de city toe 2V4 0 3c per pound. CASCARA BARK New peel, BVic peel, 6Vic pound, delivered Portland. HOPS 1920 crop, best, 15 018o pound. HIDES Salted country hides, 4c llvered Portland; grubby hides, 8c: calf skins. 12c; country calf skins, sood kip. 6c: grubby kip, 4c. WOOL New clip. lO019Vic per pound MOHAIR New clip. 18022sC Per pound, deiiverea rortiana. GRAIN .BAGS 8Vi09c at country points. Provisions. RAMS All sizes. 30036c: skinned. S1Q after nlcnic. 18c: cottage roil. z&c. BACON Fancy. 43 058c; choice, 30 O B5c; standard, vc. LARD Pure, tierces, 16c pound; com nflund. tierces. 1 1C. Xll-tx b&iil Dacii, ui0v.ov; t"a,tce, joe Oils. LINSEED OIL Raw, In barrels, 31.0: five-gallon cans, 31.17. Boiled, in barrels. 91.04: five-gallon cans. 91.19. TURPENTINE in drums, 2c; nve-gal Ion cans, 91.07. WHITE LEAD 100-lb. kegs. 13c per lb. COAL OIL Tank wagons and iron bar- re's. li,c: cases. 303iC GASOLINE Tank wagons and Iron bar rels, 28c; cases 40Vic Metal Market. NEW YORK, June 6. Copper, quiet. Electrolytic, spot and June, 13Vi013Vic July. 13'.iffil34c. Tin ea.iy. spot and nearby. 29.t5c; fu tures, 29. 1 5c Iron, nominal. No. 1 Northern, 9250 2; No. 2 Northern, 924; No. 2 South ern. (21022. I.ead steady. Spot 5.00c. Zinc Quiet. East St. Louis dellverv. soot. 4.BU04.75C. Antimony, spot 5.25e. Decrease in Wheat Visible. The American visible wheat supply statement compared as follows Bushels. Pried Fruit at New Tork. new YORK, June . Evaporated an pies quiet but firm. Prunes, firm: Call lornlas, 4 06c; Oregons. 8015Vic. Peaches steady; standard. 11 Vic. Cotton Market. NEW TORK. June 6. Snot cotton steady. Middling, 12.60c. New York Sugar Market. NEW YORK. June 8. Raw luiar. 4 RKe for centrifugal. Refined, 6.25c to 8.30c for tine granulated. Naval Store. SAVANNAH, June 6. Turnentlne firm. Rosin firm. Quote R l3 4ni!M- T) 13.4003.55; B, 93.4503.60; F, 93.50 0 3.60 DAILY METEOROLOGICAL REPORT. PORTLAND, June . Highest tempera ture, 83 degrees: lowest, 64. River read ing, 8. A. M., 22.9 feet; change in last 24 hours, 0.4 foot rise. Total ralntall (5 P. M. to 6 P. M. ), none: total since Sep- icmucr i, incnes; normal, n.K inches; excess, 2.24 inches. Sunrise. 4:21 A. M.: sunset. 7:58 P. M. Total sunshine. nuurs anu ,;v minutes; poasiDie sunsnine, 13 hours and 37 minutes. Moonrise, 6:10 a, ju. luesnay: moonset. 9:20 p. M. Tues day. Barometer (reduced to sea level) 5 P. M., 29.90 Inches. Relative humidity: 5 A. M., 84 per cent; ndon, 56 per cent; a r in., -so per cent. THE WEATHER. STATIONS. i 3 cS Wind Weather. June . 1021 June 7, 1020 June 9. 1919 June 10. 1918... June 11. 1917... .. 8.334.000 . ,38.259.000 ..13.826.000 .. 821.000 ..23,855,000 Decrease. 900.000 1.842.000 7.876.000 325.000 6.041.000 The corn visible is 11.358.000 bushels. In crease of 8.745.000: oats 81.332.000 bushels. Increase of 1,688.000 bushels; rye 1,131,000 bushels. Increase of 89,000 bushels; barley 1.454.000 . bushels, decrease of 87.000 bushels. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland 35.689,455 91,194.848 Seattle 6,179.500 1.101.9BK Tacoma 541,528" 48.586 Spokane 2,101,740 727,603 Canned Milk Declines Again. Another decline of 35 cents a esse In a leading brand of canned milk was sn aounced yesterda. Talis now stand at Baker 50 840.00..iSE Cloudy Boise 54 84i0.OOj..S Clear Boston 34 70:0.00 108 Cloudy Calgary 82,0.00.. E Clear Chicago 54 6!0.00 12,.E Clear Denver .... 54 60 0.001 . .jNW Cloudy Des Moines.. 56 800. 00. . 8 Clear Eureka 56 64 0.00 . JNW Cloudy Galveston ... 80 880.00.. SE Pt. cloudy Helena 52 82 0.00 . . NE Clear Juneau 54 t76IO.OO . . s Cloudy Kansas City. 60 86-0.00 .. SB Pt. cloudy Los Angeles. 58 70 O.Oill . . tew Clear Marshfleld .. 5 7210.10 10 SW Rain Medford 37 86 O.OO'UINW Cloudy Minneapolis . 56 760.07il2SE Cloudy New Orleans 76 86 0.10 . JSE Cloudy New York... 56 74.0.0o!l4S Cloudy North Head. 5S 62;0.80..W Rain . Phoenix .... 70 102 0.00 .. SW Clear Pocatello ... 64 82(0.00 . . SW Clear Portland ... 65 83:o.O0..W Cloudy Roseburg ... 58 82 0.00 .. NW Rain Sacramento . 64 98;0.O0:16 SW Clear St. Louis 56 82 0.00 .. IE Clear Salt Lake... 60 78 0.00 .. NE Cloudy San Diego... 60 680.00..W Cloudy San Fran... 56 70 0.00 .. SW Clear Seattle 58 74 0.00 .. SW Cloudy Sitka T7OI0.0O Spokane 58 86 0.00 .. E Cloudy Tacoma .... 58 76 0.00.. W Cloudy Tatoosh .... 50 50.76 12!S Rain Valdes 44 T660. 00 ..SW Cloudy Walla Walla. 62 940.00..W Rain Washington 50 7810. 00.. 'SE Cloudy. Winnipeg ... 48 66 O.Ofl . . NE Cloudy Yakima 60 88 0.00 . . NWCloudy A. M. today; tP. M. report of preced ing day. FORECASTS. Portland and vicinity Fair; southwest erly wlnds.- Oregon and Washington Fair; moderate southwesterly winds. Phone your want ads to The Ore gonlan. Main 7070, Automatic 660-85. Am Wool do pfd do P pfd... Am Zinc Anaconda .... Assd Oil Atchison do pfd At Coast Line. At G & W 1.. Bald- Loco . . . do pfd Balto Ohio.. do pfd Beth Steel B.. B R T Butte C A 7... Butte & Sup. . Caddo Oil .... Cal Packing.. Cal Pet do pfd Can Pac Cen Leather.. Cerro de P... Chand Motor.. Chi & N W. .. Chi Gt West.. do pfd Chili Cop Chino C M St P do pfd Coco Cola ... C & O Colo F & I. . . Colo Southern Colo G & E... Col Graph.... Con Gas Contl Can ... Contl Candy.. Corn Prod . . . Cosden OH ... C R I & P do A pfd. do B pfd... Crucible do pfd Cuba Cane . .. do Pld Cub Am Sug.. Del & Hudson. Dome Mines.. D & R U do pfd End! Johnson. Erie do 1st pfd.. do 2d pfd. .. Fam Players.. Fed M & Sra. do pfd Flsk Tire Gaston Wma.M Gen Cigars . .. Gen Electric. Gen Motor . . do 6s Gen Asphalt.. Goodyear . . . . Goodrich Granby Gt Nor Ore... do pfd Greene Can .. Gulf S Steel. . Huun Motor.. Houston Oil... 11 Central inspiration . .. Int Agr Corp. do pfd Interboro do pfd Intr Callahan. Int Harvester. Int Mer Mar- do nfd Int Nickel ... Int Paper . . .. lnvln Oil .... aland Oil ... K C Southern. do pfd Kelly-Spgfld . Kennecott . . . Kevstone Tire. Lack Steel... Lee Tire .... Lehigh Valley Lorn lard. .... AN Maxw Motor.. do 1st Dfd.. Mex Pet Miami Mid States Oil Mid Steel M K & T do pfd ..... Mont Power.. Mo Pac do pfd Mont Ward ... M St P&SSM.. Nat Enamel.. Nat Lead .... Nev Con New Haven... Nor A West.. Nor Fab Nov Sco Steel. N Y Central.. Okla Prod ref. Ont Silver ... Ont & West... Otis Steel .... Pac Oil Pac U 4 E Pan Am Pet.. do B Penn Peo Gas Pere Marq ... Phlla Co Pure OH Pierce Arrow. Pierce Oil .... Pitts Coal . ... Pitts W Va. Pr Steel Car.. Pullman ..... Ray Con Reading Remington ... Repl Steel ... Rep I & S.... do pta Rep Motors... Ryl Dutch Oil. Ry Steel Spg.. O Ind Sears Roebuck hattuck Ariz. Shell T & T. .. Sinclair OH... loss She! ... So Pac So Ry do pid St L & S F... trom Carb. ... Studebaker ... wift &. Co... Tenn C & C. .. Texas OH .... Texas Pac . . ' Tex FCiO., Tob Prod .... Tr Cont Oil.. Oil Del.... nion Pac ... United Alloy. nited Drug., htd Fd Prod nited Fruit.. ht Rds N J. Un Rtl Stores U S Ind Alco. S Rubber. . . U S Smelting. S Steel do pfd ...... tah Cop .... tnem .... an Steel .... 6.700 400 4110 300 2.600 loo 300, Yoo 1.000 10,900 '5.3OO 100 6.3O0 200 200 4U0 4110 1.000 4.200 8, 400 1,300 1.000 3,400 500 100 300 3.900 1.100 2.300 2,000 900 2.100 300 100 500 6.4l)it 300 1,000 7. 00 6,800 6.800 8I0 400 11.200 "t.Voo 5.000 2,000 100 600 600 700 8.100 3.300 1.400 20 Vi 6 42 11H 61 66 80 X 30 84 8 8 40 ioiii 29 79 90 59 104 124 Vi 122 74 V, 'H" 9 40 99 81 88-V 36', 79 'iivi "56 "4 12 12 '39 Vi 112 3 27 Vi 63 Vi 64 "isvi llVi 24 V. 28 Vi 42 29 68 28 36 58 ' 64 85 45 Vi 1 65 30 33 76 66 65 'is" 38 18 'isvi . 1 63 14 20 124 20 8 40 11 50 65 36 27 82 "5 8 88 "99 29 74 89 57 104 120 121 30 8 39 99 80 '87 35 77 '39 '64 "4 12 12 "ss" iio" 36 25 61 64 "is" 11 23 26 41 26 57 28 RH 58 6 85 42 1 63 28 31 76 fl ' 63 "ii" 37 16 'isvi 1 61 12 19 2.900 . 70 100 8(0 300 900 7.500 100 40,100 800 '200 700 200 5110 1.100 1.400 500 500 'i.Vo'ii 200 1.400 1.000 700 1.800 3.100 2.800 8.000 '2.200 2.300 42,300 1 6.000 1.600 6.300 1.200 1.000 400 800 13 1 134'" 10 "64 '35 '27 69 . 23 33 11 65 90 34 "is" 6 nvi 5 87 12 48 14 66 15 3 27 'ss" 20 13 43 28 51 152 13 1 132 10 'isvi 84' '27 67 23 30 11 62 00 33 '46 4 10 4 86 12 il 62 14 3 25 'si" 19 12 45 26 51 152 Bid. 13 41 27 1 33 31 38 82 124 110 20 6 40 11 60 OA 86 27 82 100 5 8 78 99 75 89 67 104 121 121 93 31 8 SS .98 80 75 88 85 77 93 39 00 64 12 4 12 12 67 38 74 110 86 23 61 64 7 18 10 23 28 41 27 67 27 35 67 6. 85 42 1 64 28 31 75 65 63 83 11 38 16 90 18 1 61 12 13 69 4 26 13 1V4 rvo 132 10 60 59 5 84 21 27 67 22 30 11 62 911 83 8 46 4i 10 87 12 47 14 62 14 8 27 88 92 45 10 34 8 27 87 92 44 10 34 8 36 33 Vivandou .... 300 7 7 Wabash 1.000 8 7 do. A pfd... 700 22 20 do B nfd Wells Fargo West Pac .... 1.500 West Union... 900 Westingh A B 100 Westh E & M. 400 West Md 1.800 White Motors. 8.800 Wlllys-Ovld .. 1,900 do pfd 100 Wilson Pack.. 400 Wis Central Wool worth . . 100 W'orth Pump W A. L E BONDS. U S 2s coupon. 99!N P 4s 73 D S 4s reg....104 IN P 3s ........ 54 do coupon ..'104 IPac TAT 5s.. 83 Pan 3s reg 76 Pa con 4s 84 do coupon . ..76 S P cv 3s 85 AT&T cv 6s . 97 ISO Ry 5s. 82 Atch gen 4s 74'U P 4s .: 79 D A R G con 4s'63U S Steel 6s... 3 NYC deb 6s.. 87 T 7 21 14 80 27 87 92 44 10 34 8 35 36 80 113 47 8 Bid. Liberty Bond Quotations. Range of liberty bond quotations, fur nished by the Overbeck & Cooke company of Portland: High. Low. Liberty. 3s 88.80 88.20 Liberty, first 4s Liberty, second 4s....... . . ..... Liberty, first 4s 87.76 87.50 Liberty, second 4s 86.68 88.64 Liberty, third 4s 90.84 90.54 Liberty, fourth 4s 86.76 88.60 Victory, 4s 98.14 98.00 Victory, 3s 98.12 98.00 Close. 88.20 87.42 86.60 87.52 86.80 90.70 86.70 98.10 98.10 NEW ISSUE ' Mining Stocks at Boston. BOSTON, June 6. Closing quotations: Arix Com 8North Butte Calu & Ariz... 46 Old Dora ... calu c ilecla. .247 juscenia Centennial Cop Range... Franklin East Butte . . Isle Royalle. . Lake Copper. . Mohawk ..... 7fQuincy 83 Superior 2!Sup & Boston. 9 Shannon 21 Utah Con 2Wlnona 50 Wolverine ..... 10 21 27 30 3 30 3? 10 Swift Co. Stocks. rin.lnv nrirM fnr Rwlft A CO. Stocks St Chicago were reported by the Overbeck A Cooke company of Portland as follows: Swift Co Llbby, McNeill A Llbby... - 7 National Leather Swift International , 24 Money, Sliver, Etc. NEW YORK, June 6. Prime mercantile paper 6 07 per cent. Time loans firm. 60 days, 80 days ana six months 7 per cent. Call money firm. High, low, ruling rate, offered at and last loan JV per cent; closing Old. 1 per cent. Bar silver, domestic, 89 c; foreign, S7c Mexican dollars, 43 c LONDON, June 6. Bar silver, 34d per ounce. Money 4 per cent. Discount rates. short bills, 6 per cent. Foreign Exchange. FcTreign exchange rates at close of bus! ness yesterdsy, furnished by Northwestern National bank of Portland. The amount quoted is the equivalent of the foreign unit in United States funds: Country Unit. Rate Austria, kronen 9 .0030 Belgium, francs 0810 Bulgaria, leva 0130 Czecho-SIovakla, kronen 0130 Denmark, kroner 1760 England, pound sterling 3.81 Finland, rtnmark S21Z France, francs 0813 Germany, marks 0100 Greece, drachmas 0620 Holland, guilders 3400 Hungary, kronen .0050 Italy, lire 04o ugo-blavla, kronen .008 Norway, kroner .lol5 Portugal, escudos .1100 Roumania. lei 0175 Serbia, dinars 0315 Spain, pesetas 131J Sweden, kroner 22i0 Switzerland, francs .140 China Hongkong, local currency.. .4950 Shanghai, taels o.iid Japan, yen 4823 NEW YORK, June 6 Exchange weak; sterling, demand, 93.78: cables, 93.79. Francs, demand. 7.99; cables, 8.01. Bel- Ian francs, demand, 7.98; cables. 8. Guild ers, demand, 33.05; cables, S3. 05. Lire. demand, 4.76; cables. 4.78. Marks, de mand, 1.50; cables, 1.51. Greece, demand. 90. Sweden. 22.45. Norway, 14.85. Ar gentine, demand, 81.62. Brazilian, de mand. 13.12. Montreal, 11 5-lo per cent discount. n 17.800 500 9.500 1,000 Vo'6 100 1.000 1,400 . 500 300 400 1.400 2.200 ROO 6,600 'i.Voo 7,800 400 9.900 . J 00 6.300 1.000 1.600 1.200 1.400 1,000 5.600 7.200 500 3.400 800 i,Vo6 400 6,700 800 200 1.300 "206 8,100 130 22 12 23 53 22 42 18 'ei'" 75 11 18 9.1 71 2 147 12 25 53 21 40 18 'oi 75 11 17 93 69 "68 2 83 82 65 68 34 61 23 31 30 22 8 60 28 ioo' 13 71 21 . 25 55 59 4,700 100 700 21.800 500 6.400 ' 1.900 200 2.000 600 20,400 300 18,000 900 2.800 2.200 7,900 3.100 4,200 300 2o6 10,900 200 1.900 1.300 15,100 200 28,500 300 1.600 2.200 2,200 - 76 7 42 22 38 75 20 "25" 36 72 96 8 35 23 23 66 9 30 119 . 23 '19 108 9 58 61 64 "so" 108 62 29 29 62 66 84 50 21 81 29 19 8 88 28 '98 13 68 20 24 64 '65 74 7 41 21 38 78 20 23" 35 70 96 8 33' 21 20 64 it 115 24 "i8 103 9 66 60 61 '78 107 51 28 28 85 19 13 45 26 50 109 4 5 147 25 2 53 21 40 18 07 51 7.1 10 17 93 60 68 4 17 12 82 60 62 56 84 AO 21 81 29 8 68 28 80 68 20 24 64 24 65 83 68 74 7 41 21 88 73 ,20 47 23 35 70 96 8 83 21 21 54 8 18 115 OO 87 18 103 9 66 60 61 32 78 107 61 28- 29 Foreign Bonds. Foreign bond quotations furnished by th Overbeck & Cooke company of Portland Bid. Ask. $15,000,000 United Drug Company 8 20-Yfear Convertible Gold Bonds Dated June 15, 1?21 Due June 15, 1041 Interest payable June and December 15. Principal and interest payable in United States gold coin at the Chase National Bank, New York. Coupon Bonds in denominations of $100, $500 and $1000, which may be registered as to principal. Registered bonds in denominations of $5000 and multiples thereof. Registered and coupon bonds to be interchangeable. Redeemable at 115 and accrued interest at the option of the Company as a whole but not in part, upon sixty days' notice. Interest payable without deduction for normal Federal Income Tax not in excess of 2. THE CHASE NATIONAL BANK OF THE CITY OF NEW YORK, TRUSTEE Convertible at the holder's option on any interest date prior to June 15, 1931, into common stock of the Company at $110 a share, which stock, under the present laws, will be exempt from taxation in the State of Massachusetts. Further information in regard to this issue is given in a letter of Mr. L. K. Liggett. President of the United Drug Company, from which we summarize as follows, and which we shall be glad to send on request: , BUSINESS: The business was originated in 1902 by forty (40) retail druggists, to manufacture and distribute, nndrr controlled trade-marks, medicinal preparations and other articles usually sold in drug stores. They named their stores "The Rexall Stores." The present Corporation, incorporated in 1916, now has approximately eight thousand (8000) stockholder agents (Rexall Stores) in the United States, and it owns, through subsidiaries, 227 Liggett Drug Stores. The combined sales of the Company and its subsidiaries for the year 1920 were $68,428,179.42. " PURPOSE OF ISSUE: The Company has now outstanding and maturing on June 15, $7,091,000 of Notes which are) convertible into 5Vfc Year 8 Notes maturing June 15, 1926. The proceeds of the present issue, together with available cash and the liquidation of the inventory, which has already taken place, will enable the Company to provide for the payment of such of the Notes due June 15 as are not converted, and for the payment of th present outstanding bank loans and other notes as they mature. The total authorized issue is $15,000,000, but will be proportionately reduced by any 5V. year notes taken by the present holders of the notes maturing June 1-5. EARNINGS: Since the Company's incorporation in 1916, the net earnings of itself and its subsidiaries after payment of all taxes, interest due by subsidiaries, dividends on outstanding preferred stocks of subsidiaries, and after deducting all charge-offs, have exceeded the amount of this bond issue. For the past three years the net earn ings have averaged, before taxes, $4,800,125, or more than four times amount of interest requirements of thia issue, and after taxes,' $3,894,630, or more than three and one-quarter times. SINKING FUND: The Company shall annually pay to The Chase National Bank of the City of New York, as Trustee tinder the Indenture securing the convertible bonds, an amount equal to 5 of the largest amount of the con vertible bonds of this issue at any time issued. The Trustee shall apply the money so paid to it for the purchase in the open market of the convertible bonds at or below 115 and interest. Any money not so used shall be in vested in securities legal for Savings Banks in Massachusetts or New York until such time as the bonds can be purchased at or below 115. ' SECURITY: The bonds will be a direct obligation of the United Drug Company, and together with the Year Notes hereinbefore referred to will constitute the sole funded debt of the Company and its subsidiaries, with the ex ception of certain real estate mortgages aggregating $1,022,840. The indenture under which the bonds will be issued will provide that ' r c , hnnrt of thin Untie are outstanding- none of the assets or tne i nnea urns; compa by QU SECOND- The Company aree that the ratio or quick assets to nulck liabilities as described in the Indenture (and including the present issue of bonds and the 5 Year Notes) of the Company and its subsidiaries - above named shall be maintained at at least 125. In case such ratio la not maintained no dividend shall be paid on the Common Stock of the Company until It is restored. EQUITY: The present market value of the preferred and common stocks of the United Drug Company outstanding in dicates an equity of approximately $45,000,000 for these convertible bonds. Application will be made to list these bonds on the New York and Boston Stock Exchanges. We Recommend These Bonds for Investment Price 100 and Accrued Interest, Yielding 80 AH legal matters will be passed upon by Messrs. Gaston, Snow, Saltonstall & Hunt of Boston. It is expected that Interim Receipts, exchangeable for Definitive Bonds when prepared, will be ready for delivery on or about June 15, 1921. F. S. Moseley & Co. 137 S. LaSalle St., Chicago Boston New York Bankers Trust Co. New York Hall & Co. Portland that we deem reliable. ny or of its Subsidiaries (other than the real estate now mortgaged as above """i or pledged, unless the present Issue of bonds are equally secured, with the Jther obllgat ons covered 'ffiSrnrlo or Pledge any property hereafter ac- Kidder, Peabody & Co. Boston New York Russian fl4s. 10-1 Russian 54s, Russian SVss, 191B Currency' French is, 1081 ... French 4s, lli ... French 5s. IHl'O ... Italian Ss, 11118 ... British Ss, 11)22 ... British 5s. 10-'7 ... British 5. 1928 ... British vky 4s .... Belgium rest Ss ... Belgium prem Ss .. German W. 1,. Ss . Berlin 4s Hamburg 4s Hamburg 49 .... Lelpsig 4 4s Leipsig 5s ........ Munich 4s Munich 5s Frankfort 4s Jsp 4s Jap 1st 4tts Jap 2d 44s Paris sixes U. K. 64s. 1021 U K 54a. 122 U. K. 5 4s. 1D29 U. K. 54a, 1937... ... 14 ... 4 ... 15 . . . 20 ... s;i4 ...51 ... 17 ...40 ...384 ...378 . ..37 . . .300 . 6 ...74 ... 12 ... 12 ... 15 i.. 14'i ... 15 4 ... 1& ... IS . .. 15 ... 154 ...69 ...85 . .. 85 ... . .. 90 i . .. !7'i . . . 80 ... 84 17 7 IS 30 64 62 4 79 414 804 3S8 3S9 3111 72 77 134 134 J 15U 1(14 18 18 J7 184 89 85 85 4 99 90 4 SAJf FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc.. at Bay City. SAN FRANCISCO, June 6 Vegetables Asparagus, 3$r10c; squash, S5c$1.2& crate, sl.2al.iMl lug; potatoes, 2p3.2o onions, Australian brown, nominal; green, 11.251.50 box; tomatoes. Imperial, il& 2.50 lug; garlic, 64Sc pound; bell peppers. lot?6oc pound; peas, 7$pllc pound; rhu barb, nominal; lettuce, nominal; string beans, 10124c pound; Kentucky Won ders, 124c; artichokes, 131BI2 crate; beets, J1.75C2 sack; carrots, S1.251.50 sack egg plant, 1520c pound. Poultry Toung chickens. 2528c pound staggy roosters, 2020c pound; old roosters, 17o8c; ducks, 2Sci,35c; geese. 25c: turkeys, 3,"i 4f r0c ; Belgian hares, 1320c; squabs, 45 648c pound; pigeons. S3 dozen. Fruit Oranges, naval, S5: Valencia, 33.75; lemons, S46: spples, 11 1?3; strawberries, drawer, 5073c; loganber ries, 5065c drawer; raspberries, $11.2 drawer; gooseberries, nominal; bananas, 84010c pound; pineapples, nominal; avo cadoes, 48 doz. ; cherries, black. In bulk. B'tf lOc drawer, 75g jl. apricots, $1.50 2 four-basket crates; S23 lug; peaches, tl.50rol.75 box; cantaloupes, (4 5095; figs, S1.753 box; currants. 85cSl drawer. Receipts Flour, 4325 quarters; wheat. 2300 sacks; barley, 7712 centals; beans, 7452 sacks; corn, 1005 centals; potatoes, 1745 sacks; onions, 639 sacks; hay, 23fl tons; hides, 497; oranges and lemons, 4400 boxes; livestock, 1996 head. QUOTATIONS ON DAIRY. PRODUCE Market Price. Ruling en Butter, Cheese and Eggs. SAN FRANCISCO, June' 6. Butter Ex tras, 58.4c; prime firsts, So 4 c: firsts. nominal. Eggs Fresh extras, 81c: extra firsts. 304c; firsts, nominal; dirties. 29c: extra pullets, 274c; undersized pullets. 24c. Cheese Flats, fancy, 164c; firsts, nom inal; Young America, fancies, 20 4c; firsts, nominal. NEW TORK, June 6. Butter Firmer. Creamery, higher than extras, 31432c; creamery extras, 30431c; firsts, 274 29. Eggs irregular. Fresh gathered, extra firsts, 27429c; do, firsts, 2u 27c. . Cheese steady, state, wnoie milk flats. fresh specials. 154l14c; state, whole milk twins, specials, 15 16c . CHICAGO. June 6. Butter Higher. Creamery extras. 294c: firsts, 242S4c; seconds, 1723c; standards, 29 4c. Eggs Higher. Receipts, 16.904 cases; firsts, 22224c; ordinary firsts, 19&20c; at mark, cases included, 21 22c; stand ards. 23c. SEATTLE. June 6. Wholesale prices to dealers: Eggs Select local ranch, white shells, 5c; do, mixed colors, 2425c; pullets. 20c. Butter City creamery, cubes, 82c; bricks or prints, 33c; country creamery, extras, cost to jobbers, in cubes, 28c. Coffee lSiture. Dew-line. NEW TORK. June 6. A further ad vance in coffee futures met foreign selling orders today and was followed by reac tions. TM general market closed at a net decline of 6 to 17 points. July, 6.55c; September, 6.93c; October, 7.05c; Decem ber, 7.32c; January, 7.42c; March, 7.62c; May, 7.75c. Soot coffee was reported more active with quotations on the basis of 7 to 74c for Rio 7s and 9 to 10c for Santo 4a. Mitchell, Hutchins & Co., Inc. The Rookery Chicago Freeman, Smith & Camp Co. ' Portland The Information and statistics contained In this circular have been obtained from sources ine lniorm-iiuu , while not guaranteed, are accepted by us as correct. and. WHEAT PRICE UNSETTLED SI.VR.KET AFFECTED BT BREAK IX FOREIGN EXCHAXGE. Temporary Rallies Occasioned by Bullish Crop Advices and Buying of Exporters. CHICAGO, June 6. Wheat averaged lower today, chiefly owing to depression of foreign exchange. The close was unset tled at 14c net decline to lc advance, with July 11.80 to 1.304 and September $1,164 to $1.16. Corn gained 4c to 4c, lost 4c to He and provisions finished unchanged to 80c lower. Unsettling effects of the break In for eign exchange rates was apparent In wheat, although "rallies took place shortly after the opening and Just before the close. The first upturn was due to lib eral buying by a big firm that was in re ceipt of bullish crop advices from Ne braska. Crop reports from Kansas and Oklahoma, however, were bearish, and the market turned downward again, intluenced by assertions that foreigners were trying to resell and that fresh export business was slow. On the other hand, .word be came current near the close that 500,000 bushels had been sold for shipment to Thl news led to something of a bulge, but failed to wipe out entirely the nervousness due to the flurry in ex- ehanae. Decrease. 01 ino visioio iiiiii; ttneted but little notice. n.nli ble- receipts, com was urm , nr smanness 01 rui ui.ci,, Favorable crop reports bi market. - , ... Provision tended to aag in mo hog values. The China market letter received yes terday by the Overbeck A Cooke company of Portland said: Wheat Buying power during the fore noon was wholly Inadequate and the mar k riixnUved oractlcally no rallying ten dency until shortly before the close, when some buying was encouraged by reports that some export business naa oeen aone. contradicting In a way the earner aovices to the effect that foreigners were trying to resell. . ... The decrease or wmi.uou ousneis in me visible supply was a larger reduction than generally expected and brought the total doisn to only 8.334,000 bushels . against S8.'259,000 last year. Crop advices averagea oetter tnan last week although some complaints came in from Nebraska and Ohio. These mes sages, however, were largely onset Dy the publication of a report by the Kansas agricultural bureau showing nearly 1,000,- 000 acres more than previously reported and suggesting a total yieia or about 23,000,000 bushels greater. The situation especislty If essh premiums continue to weaken as they did today. Corn Independent firmness featured this market, influenced by the firmness noted in the cash market In face of large re ceipts. A revival at primary points ag gregated 1,747.000 bushels against 1, 108.000 a year ago. Some export inquiry was re ported, although the demand was said to be less keen than last week and only a small amount of business was done. The visible supply Increased S.743.000 bushels and another Increase is expected for the coming week. Country offerings to arrive Oats Based off with other grains and! selling by receiving nouses aini cuu.. try purchases. Offerings were well taken on the declines. Receipts were 340 cars and the cash market steady at Saturday s basis. There seems little Incentive for a position on the selling side of oats at present prices. . . Rye Trade was small with prices show- ln a downward tendency in sympathy with wheat. Houses with seaboard con "ecdons led the buying. Cash ry. was quiet at 15 cents over July for No. - on "Leading futures ranged as follows: WHEAT. Open. High. . .T-orr- f 1.29 i 1.324 x 121 4 1.14 2 1-174 113 CORN. .S44 .6S4 .MS .65 .66 .65 . OATS. .394 -8? .414. -41 MESS PORK. 17.00 17.10 17.00 LARD. .6S 9.70 S 10.00 10.00 9.87 SHORT RIBS. ft.85 9.90 9.8S 10.10 10.10 10.07 Wheat-No. 2 red. 1.521.53; "rSorn'-irPmixed. 6464,; No. M.-, ha v. ft Atf. Oats' No. 2 white. 30S40; No, 3 w! 37394c. Rye No. 2. 11.39. Barley 6972c. Timothy seed 4.50!ff . Clover seed 113&18. Pork Nominal. Lard S9.50. Ribs I9.25C10 .28. Minneapolis Grain Market. MINNEAPOLIS, J una 6. Barley, M9 0 S5Flax No. 1. 11.81 4 1.834. Futures Wheat, July, $1,324. Winnipeg Grain Market. WINNIPEG. June 6. Wheat July, $1,724; October, $1.304. Duluth Linseed Market. DULTJTH, June 6. Linseed on track and arrive, $1,84 4- July. Sept. July.. Sept. . July.. Sept.. July.. July. Sept. July. Sept. Clos 1 80 1.164 .64 .65 .89 4 .41 17.00 8 65 8 97 9 90 10.10 No. 3 rhlte, 1.108.000 buKhels. Oats, 1,200.000 bushels versus 607.000 buohels. Shipments Wheat. 1.042.000 bushels ver sus 6N5.0O0 bushels. Corn. . 001. 000 bush els vemu 814,000 bushels. Oats, 1,028,000 bushels versus 410,000 bunhels. Car lots Omaha Whnt. 118; corn. 1!0; oats, 81. St. Louis Wheat, 77; corn, 94, oats, 94. Kansas City Wheat, 861: corn, 10H; oats, 10. Minneapolis Wheat, 402: barley, 61: com, 77; rye 15: oats, 63. Duluth Whest, 78; barley, 17; corn, !4. ry. 27; oats 9. Grain at Pan Francisco. PAN FRANCISCO, Cel., June 6 Orsln Wheat, feed, $2.3392.60: milling. $2 830 200. Barley, feed, $2.8aC-3.0; shipping $1.35 1.43. Oats, red feed. $1.50tj l.AO. Rye, nominal. Corn, white Egyptian, $2.30 tfS.iO; red mllo. $2. inj2 13. Seattle Grain Market. SEATTLE, June 6. Whnt, hard white and soft white, 1 33: white club. 11.8.1: hard red winter, soft red winter, northern spring and eastern red Walla, $1.30; Big Bend bluestem, $1 34. City riHIvryr Frd Si-rnti-b fee. $31 Primary Receipts. CHICAGO. June 6. Primary receipts- appears to have reversed itself temporarily I Wheat, 1,983.000 bushels versus 1,158.000 nnd a somewnat rurtner recession is HKeiy. ounM. T'orn. i.n.' nnnpiw versus at 95 To yield over 07 0 20-Year 7 Vi Gold Bonds REPUBLIC OF FRANCE . -A non-callable external loan. $1000, $500, $100 Den. The srreat financial strength of France and the thrift of her people are proved by the fact that she has reduced her external debt by 1540 000,000 during; the last 7 months. Her ability is being: strength ened by rapid restoration of devastated agricultural and mining areas. IjUMBERlMESNS Iktjs x (cfMKAmr -BANK Broadway and Oak. Security Assets 51. times amount of loan. Earnings 34 times annual interest. Profit Company will purchase bonds in open market at 115 through annual sink ing fund of $750,000. Marketability Bonds will be listed on New York and Boston stock exchanges, insuring ready market. United Drug Co. 8 20-Yr. Conv. Gold Bonds . at 100, Yielding 8 Wire or phone orders "collect. " Freeman, Smith Camp Co. MOUND PLOOK ItnraaaM.Na BuiusiM Urm us srrsaa a MS I7M pr ton: beby scratch feei. $7: fed wheat. $3n; all grutn chop, $42; oats, rolled osts, $41; sprouting oats, $44; whole barley, $39; rolled barley, $41; clll'P'd t-r-harlry, $40; mill feed. $3$: bran. $30; wholr n,rn. f40t crnrk.rl rorn, $42 Manitoba Ten-Year 6 Cold Bonds Due May IS, 1931 A direct obligation of tha Province of Manitoba, Canada. To Yield Over 7.20 (for payment in U. S. Funds) Circular on request for OR-J9S. The National City Company Offices in more than 80 rltlea. Yeoa Bldo Portland, Or, Telephone Slain 607X The Ultimate From out of the great qualities of all material things, one qual ity always stands uppermost. So it is with Warrenite Bitu lithic pavement. After all is said about its resiliency and other rare qualities, there is one that stands out above all the one big essential thing in pave mentnamely, DURABILITY. Property Management ill v Km sV'a-a i rf! r i J - S-T- ass ssmmmm m v am i mi Esassa. HOTEL HOYT Strictly fireproof. Near both depots and convenient car servloe to all parts of rlty. single loom Without Hath, SI and .a binrle Hkisii With Hath, ft and ap tLllfc-T a. BOBE, Manager.