THE MORNING OREGONIAN, THURSDAY, "JUNE 9. 1921
-'1
DECLINE WORLD
WOOL WlIPTli
Seventy Per Cent of Pre-War
Basis Is Estimated.
quality to fill shipping orders. No straight
carloads were sent out, but the shipments
north aggregate several cars.
Green peas were plentiful and sold
lower, tacal stock was quoted at HVs
cents and peas from The Dalles brought
7 8 cents.
PRODUCTION 93 PER CENT
Situation Hinges on Ability or Con
tinental Europe to Resume
ormal Cse of Wool.
The world wool production la on a 93
)xr cnt prewar basts, while the world
orummption Is about 70 per cent of the
pre-war normal, according; to data com
piled by the United States bureau of mar
kets, Based on an estimate of mill con
sumption for 1020 the demand of Europe
Tor wool from outside sources is not much
abov? oue-half that of pre-war years. The
recovery of world consumption Is clearly
the most important factor In the Imme
diate future. The whole wool situation
hinges on the recovery of buying; power
and consumption in continental Europe.
In pre-war times western and northern
Europe produced yearly about 400.000,000
pounds and Imported about 1.600,000,000
pounds, a total of 2,000.000.000 pounds
Europe's present rate of consumption is
about 1. -'"'0 000.000 pounds, of which Eu
rope itself will produce nearly 380,000,000
pounds. This rate of consumption reduces
the present demands for wool from outside
sources to about 870,000,000 pounds. 0
course, a great vacuum exists in Europe
for woolen goods, and there Is no doubt
that a quick recovery in buying power would
create a large demand for wool. However,
there Is some evidence that Europe has
probably dropped to a new consuming
level somewhat below pre-war consumption.
No accurate data as to world stocks of
wool are available for a given time eitber
In the pre-war period or at papaenL It
has been known, however, for the past
two years that wool ittocks were more than
normal. "While the bureau of markets
fully realizes the danger of making an
estimate where accurate statistics are not
available, yet there are certain main facti
In the general situation that can be se
down and summarized. ,
in the southern hemisphere there ap
pears to be on band practically the equlv
alent of the last clip, or about 1500.000.000
pounds. This clip was made from Octo
ber to December, 1020, but due to the stag
Bant market shipments to. Europe have
been relatively small. Old stocks on ban
appear to offset exports of new wool up to
May 1. The estimate on European stocks,
except the British government old stocks,
Is the least reliable figure ond Is only ap
proximate.
Old wool in the United States Includes
about 225.000,000 pounds of foreign wool
Imported from January 1 to May 9.
Summing up the estimates, the world
supply in sight on May 1 is roughly ai
follows.
FARMERS' WHEAT OFFERINGS CEjSE
Few Hare Grain Left to Sell Bids on
Steady Basis.
- The wheat market was steady yester
day. There was some Inquiry and bids
were sent Into the country but farmers'
offerings were light and few of them have
wheat left to sell. At the Merchants'
Vrrhanp. hal vtill. via. i n - h u i hiir
I soft white and club bids were 1 cent
higher.
The coarse grain market was very dull.
Oats and corn were unchanged.
Advices from Minneapolis were that mil
lers quote the leading brands of flour
25 cents a barrel lower. Rye flour de
clined 20 to 40 cents a barrel.
Terminal receipts, in cars, were re
ported by the Merchants' Exchange as fol
lows: V
"Wheat Barley Flour Oats Hay
Wednesday ..118 4 ft 1 1
Ypar ago 10 ... . 3 15
Se'n to dte. 1920S 22 IrtflS tS 2411
Tear ago 8910 liii 3U5T 657
Tacoma
Tuesday 19 .... 2 ... ....
Year ago ft .... 3
Pa n to date.403 64 1011 1!0 147
Year ago... ..7117 104 WoQ loO 841
Seattle
Tuesday ....
Year ago .... 2
Sa'n to date. 4301 2J BB2 470
Year ago 640ft 251 1193 653 1332
Flush Butter Production Near.
Cream has been marketed In increased
quantities the past week. Pastures are in
good condition, and Indications are that
flush production Is close at hand, says the
weekly produce review of Swift & Co. of,
Chicago.
Poultry Is moving from the farms quite
freely, indicating . that the hens have
about "laid themselves out." As a conse
quence markets are on a lower level.
Egg receipts have shown further de
crease, due to the warm weather and to
the fact that the end of the laying season
is in sight. Too much care cannot be given
to the marketing of eggs frequently during
the warm weather.
MONEY MARKET RELAXES
EFFECT OFFSET BY. BREAK IX
FOREIGN EXCILWGE.
Stocks Trend Irregular With Stand
ard Issues Under Pressure
in Later Dealings.
rEW YORK, June 8. Relaxed money
rates and recurrent weakness in foreign
exchange overshadowede today's stock op
ations.
Call loans opened at 7 per cent, but
before midday eased to 6S4. the lowest in
many weeks. Time rates were unchanged,
dui DroKers reported more liberal offer
ings, which extended to bank acceptances
ana mercantile paper.
Explanation was lacking for the further
collapse or International remittances, which
amounted to 6 cents in the pound-ster-ling
and 10 to 43 points In French, Bel
gium, Italian, Swiss, Spanish and Dutch
bills. Renewed sales of sterling in Lon-
aon and fans by German Interests, spec
ulatlve pressure at this center and the
supreme council's delay in meeting were
among reasons assigned for the reaction.
In banking circles the engrossing topic
was the announcement of the treasury de
partment's offering of some 1500,000.000
short-term notes to sustain government
securities.
Stocks were irregular and hesitant, the
session being marked by reactions and re
coveries. Standard issues were under great
pressure in the later dealings, the lower
money rate exerting little Influence. Sales
were 5,.i,000 shares.
Dealings In bonds again were fairlv dl
versified, with many cross currents. There
was early selling of liberty issues, nresum-
ably because of the treasury offering, but
mat group made up part of Its loss, other
domestics were irregular and Mexican gov.
ernment 5s lost 1 i per cent. Total sales,
par value, $14,375,1)00.
CLOSING STOCK QUOTATIONS.)
fFurnlshed by Overbeck A Cooks com-
Pound
700.000,000
l.BOO.ooo.noo
750.000,000
300,000,000
750.000.000
British government old stocks
May 1,
New clip, southern hemis
phere (Oct.-Dec, 1920)
TTnlted States (old wool)
European stocks (except Brit
ish government stocks)
New clip, northern hemis
phere (excluding Asia and
eastern .Europe)
Total 4.000.000.000
Has European consumption dropped to
new and lower normal or is the aituation
temporary? This question is frequently
.sked. In this connection It Is well to
note that as a rule highly civilized nations
use more clothing than Is actually necea-
.-ary to keep warm and fairly well clothed.
The quantity of clothing can be much
reduced under necessity without experl
encing hardship and it Is probable that
urope, due to necessity, has dropped to
a lower consuming level than the pre-war
normal. If this is true the world produc
tion of wool and cotton must be adjusted
accordingly. If it is to be kept on a prof
Itable basts.
WINTER WHEAT CONDITION IS FINE
IFprinr Wheat Also Doing Well In Oregon.
Barley Is Ripening.
The week was the warmest of the sea
son thus far. daytime temperatures of 90
degrees or higher occurring in the warmer
districts, says the Oregon weekly crop
summary of the weather bureau. There
was some cloudiness, and local showers oc-
' eurred over a large part of the state. These
were generally light, but In a few places
Heavy rain fell. Vegetation made- rapid
growth, and except for some delay In hay
ing, farming operations progressed satls
fsctoriiy. Considerable areas along the Co
lumbta river are under water, and the
river was still rising as the week closed.
Heading of winter wheat is becoming
more general. The crop suffered some
local Injury from high temperature and
lack of moisture, and there is local com
plaint of lodging, but th condition Is
generally good to excellent. Spring wheat
is In the boot in Jackson county, and ex
cept In a few localities where it needs rain.
Is doing well. Rye is being cut for hay
In Lane county. Barley is ripening in
Jackson county. Oats are generally good
but need rain in places. Planting of corn
la nearlng completion and cultivation is
under way; corn has made good-growth.
Strawberries are plentiful. Loganberries
and raspberries are generally setting well.
A few cherries are In market in southern
counties. Other fruits are making good
growth.
Hay crops are doing well under the In
fluence of Increased warmth Consider
able alfalfa and some clover have been cut.
Jtajn delayed haying and caused some dis
coloration. Domestic pastures are holding
up well and feed on the range is abundant.
Stock is making good gains and an in
creasing number is bein turned on the
summer range. Shearing of sheep con
tinues in some localities.
Planting of potatoes continuea Early po
tatoes are in market in Umatilla county.
Garden vegetables are doing well but
need rain in places. Hops are in good con
dition. BCTTER TO ADVANCE THIS MORNING
Prints and Butterfat Will Be Quoted One
Cent Higher.
Although butter production now Is at
- the heaviest point the demand la so keen
that prices are on a very strong basis.
City prints will be advanced 1 cent this
morning to 33 cents for box lots In parch
ment wrappers. The buying price of but
terfat will also be raised 1 cent to 27
cents for No. 1 grade, delivered Portland.
There was an active movement In cubes
during the day at from 27 to 28 cents.
Eggs also continue- to advance. The large
buyers axe paying 23 cents to country ship
pers and some offer 24 cents for large, all
white eggs. Jobbers have also raised their
selling quotations.
More poultry came In yesterday and the
demand was not as good as expected.
Hens were quoted at 15 6 20 cents, accord
ing to weight, but did not all clean up.
Broilers sold at 2025 cents.
The market for country dressed meats
wss inclined to be easier.
Batter Storing Is Active.
The butter storing movement is very
sctive at Portland and Seattle. Storing
of eggs is about over for the season. Hold
ings at Portland and Seattle compare as
follows:
This wk. Last wk.
154.SR4 10S.772
120.679 102.507
4H.!l08 4H.4K7
68.748 67.3K0
This wk. Last wk.
325.257 24t.672
At Portland
Butter, pounds..,
Cheese, pounds ..
Eggs, cases
Poultry, pounds .
At Seattle
Butter, pounds .,
Cheese, pounds . ,
Eggs, cases
Poultry, pounds .
97.902
40.3(18
...118, BOO
711.4K9
88.8-17
10S.2U7
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearings. Balances.
Portland J6. 134.511 Jl. 606,766
Seattle 4,6:11.383 612.141
Tacoma 507.4IIS 42.864
Spokane 1,515.505 3ys.S64
PORTLAND MARKET QUOTATIONS.
Grain. Flour and Feed.
Merchants' Exchange,
Wheat
Hard white
Soft white
White club
Northern spring
Oats
No. 2 white feed
Millrun
Corn
No. 2 E. T. shipment.
noon session.
Bids
June. July.
. ...I l .;!
1.38
.... 1.32
.... l.ao
s
20.00
31.00
31.59
WOO
31.00
FLOUR Family patents, J8.60 per bar
rel; whole wheat, 17; graham, $6 80; bak
ers' hard wheat, $8.25; bakers' bluestem
patents, $7.75; valley bakers' . $7.25;
straights. $7.25.
MILLFEED Prices f. o. b. mill: Mill
run, $33 per ton; rolled barley. $3739;
rolled oats. $40; scratch feed. 552 per ton.
CORN Whole, $41; cracked, $44 pet
ton.
HAT Buying price f. o. b. Portland;
Alfalfa $18 per ton; cheat. $2223 per
ton; clover, $16 per ton: valley timothy.
$24; eastern Oregon timothy, $2S.
Dairy and Country Produce.
BUTTER Cubes, extras, 27(8 280 per
pound; prints, parchment wrapped, box
lots, 33c; cartons, 34c. Butterfat, buying
price: A grade, 27c; B grade, 28c, Port
land delivery.
EGGS Buying prices, case count 22tff23c
delivered. Jobbing prices to retaiUrs:
Candled ranch. 25c: selects, 28c.
CHEESE Tillamook triplets, price to
Jobbers f. o. b. Tillamook, 19c; Young
Americas. 20c pound.
POULTRY" Hens. 1320c pound: ducks.
young, 40c; geese, nominal; turkeys, nom-insl.
PORK Fancy, 13c per pound.
VEAL, Fancy, 13V4jl4c per pound.
Fruits and Vegetables.
FRUITS Navel oranges, $4.7525 per
box: lemons. $5.2568.50; grspefruit, 139
10.50 per box; bananas, 9 "4 6 10c pound;
spples, S1.50&3 per box; strawberries. Or
egon, $l.oo'2 per crate; cnerries, iuwj,ic
per pound; cantaloupes, standards, so.ou;
do. ponies, $4 ,10; peaches, $2. i82.50 per
box; watermelons, 6 7c per pound; goose
berries, 5ftc pound.
VEGETABLES Cabbage, 41e per
pound: lettuce, $22.75 per crate: carrot
$3 per sack; garlic, 20c per pound: beets.
$1.50&3 per sack; green peppers. 3545c
per lb.; rhubarb. 56-5Hc per pound; spin
ach, 66o per pound; turnips, $2$ 2.30
per sack; tomatoes. $35 per lug; cucum
bers, $1.2o0 2 per dosen;peas, 712Hcper
pound; aspsragua, 22.25 per box;
beans. 12V4 17c.
POTATOES Oregon. ll'&l.RO per 100
pounds: Taklma. $1.501.75; new Califor
nia, 4S5c per pound; sweet potatoes,
$3.75 per crate.
ONIONS Oregon. 75ciff$l per sack: new
crop. White Bermudas, $1.75 per crate.
Staple Groceries.
Local Jobbing quotations:
SUGAR (sack basis) Cane granulated.
7.50c per pound; beet. 7:80c per pound.
NUTS Walnuts, 303Uc pound: Brazil
nuts, 30c; filberts, 12c; almonds, 24f80c:
peanuts. 8&llc pound; cocoanuts. $1.75
per dozen.
RICE Blue Rose, oc per pound; Japan
style, 4c per pound.
BEANS Small white, B'e: pink, 714c;
lima. 7ic; red, 10c per pound.
COFFEE Roasted, bulk, in drums, 14
36Hc per pound.
SALT Granulated, bbl.. I3.40W4.25:
half ground, ton. 50s, $19.75; 100s, $19.25;
lump rock. $26.50.
DRIED FRUITS Italian prunes. B14e
pound; dates, 4.256.85 per box; figs, $2
5.25 per box.
Provisions.
TTAM.q All .lies. HOSURr- skinned. 9119
36c: picnic. 18;; cottage roll, 2Sc.
BACON Fancy, 43 & 53c: choice. 30O
35c; standard. 25 27c.
LARD Pure, tierces, 16c pound; com
pound, tierces, 11c.
DaI salt Backs, 2013123c; plates. 16c.
Hides, Hops, Etc.
TALLOW No. 1, Si4S4c; No. 2, 2U0
8c per pound.
CASCARA BARK New peel. BVjc: old
peel. 6c pound, delivered Portland.
hops 1920 crop, best, loaiso per
pound.
hides salted country hides, 4c de
livered Portland; grubby hides. 3c; city
calf skins, 12c; country calf skins, lOo;
good kip, 6c; grubby kip, 4c.
WOOL New clip, 1019ttc per pound.
MOHAIR New clip, lo22c per
pound, delivered Portland.
GRAIN BAGS 8Vj89c at country
points.
1.000
1.400
8,500
400
4,900
1,300
2.000
400
9,200
200
1.B0O
500
200
'366'
4.100
9.S00
Adams Exp . . .
Advance Hum,
00 pfd
Agr Chem . . ..
AJax Rubber..
Alaska Gold...
Alask Juneau.
Allls Chal ...
do pfd
Am Beet Sug..
Am Bosch . . ..
Am Can
do pfd
Am Car & F. .
do pfd
Am Cot Oil. ..
Am Drug Svn.
Allied Chem..
Am Hide & L
do pfd
Am Ice
Am lntl Corp.
Am Linseed...
do pfd
Am Loco ....
do pfd
Am Saf Razor
Am Ship & C.
Am Smelter..
do pfd
Am Snuff . . ..
Am Steel Fdy.
Am Sugar ...
do pfd
Am Sumatra..
Am T & T
Am Tob
do B
Am Wool ....
do pfd
do P pfd...
Am Zinc
Anaconda ....
Assd Oil
Atchison
do pfd
At Coast Line.
At G & W I..
Bald Loco . . ..
do pfd
Balto & Ohio.
do pfd
Beth Steel 8s.
do B
Booth Fish . ..
B R T
Caddo OH ...
Cal Pet
do pfd
Can Pac
Cen Leather.,
Cerro de P. . .;
Chand Motor..
Chi & N W
Chi Gt West. .
do pfd
Chill 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....
do pfd
Cosden Oil ...
C R I & P
do A pfd. ..
do B pfd. ..
Crucible
do pfd
Cuba Cane ...
do pfd
Cub Am Sug..
Del & Hudson.
Dome Mines..
D & R G
do pfd .....
Endl Johnson.
Erie
do 1st pfd..
do 2d pfd. ..
Fam Players. .
Fed M & Sm..
do pfd
Fisk Tire ....
Gaston Wms..
Gen Cigars
Gen Electric.
Gee Motors . ..
do 6s
Goodyear
Gen Asphalt..
Goodrich
Granby
Gt Nor Ore. ..
do pfd
Greene Can...
Gulf S Steel..
Hupp Motor.,
Houston Oil..
Ill Central
Inspiration . . .
Int Agr Corp.
do pfd
Interboro ....
do pfd
Intr Callahan.
Int Harv
do pfd
Int Mer Mar.
do pfd
Int Nickel . ...
int Paper ....
Invln Oil ....
Island Oil ....
Jewel Tea . . ..
K C Southern.
do pfd
Kelly-Spgfld ..
Kennecott ....
Keystone Tire.
Lack Steel ...
Lee Tire
Lehigh Valley.
Lorillard
L & N
Maxw Motor..
do 1st pfd. .
do 2d pfd. ..
Mex Pet :
Miami
Mid States Oil 18,700
MX! vale steel.
M K & T
do pfd
Mont Power..
Mo Pac
do pfd
Mont Ward. ..
M St P&SSM.
M & St L
Nat Biscuit. . .
Nat Enamel. ..
Nat Lead
Sales. High. Low. Sid.
600 36
J314
43
8.000 4 3 Vs ''H 41H
2,100 28 21
mo V4 ,1s H
. 100 1 54
1.300 33 i 32 83
72
1.200 32 31 30 V4
l,H(i0 39 K 39 ' 88'.
000 29 . 29 H
200 29 2814 21 1
400 124'i 123 324 i
110
100 20 20 20
100 6 57 6T4
3.900 41 3'JVi 40
4" 1 4
400 52 ' blM 51
50
2.500 38 86 Vi 35
- 25 Vi
62
1,800 83-14 S3 83
100
800 5V4 iH 5X
700 814 8t
4,800 404 39 Is 39 44
Bo Ry
do pfd
Bt L & S F...
Strom Carb. ..
Studebaker ..
Swift A Co...
Tenn' C & C. .
Texas Oil ....
Texas Pac . . .
Tex P C 4 O..
Third Ave ...
Tob Prod . ...
Tr Cont Oil. ..
Un Oil Del....
tlnlon Pac . ..
United Alloy..
Cnlted Drug..
Untd Fd Prod
United Fruit..
Unt Rds N J..
do pfd
Un Rtl Stores.
U S Ind Ale. ..
U S Rubber...
do 1st pfd..
U S Smelting.
U S Steel
do pfd
Utah Cop ....
Vs Chem ....
Van Steel .
VJvandou ....
Wabash
do A pfd . ..
do B pfd. ..
Wells Fargo. .
West Pac . . ..
do pfd
West Union. ..
Westh A B. ..
Westh E & M.
West Md ....
White Motors.
Willys-Ovid ..
do pfd .....
Wilson Pack..
Wis Central. ..
Woolworth ...
Worth Pump..
W t L E
700 20 V4 20 20
4714
1,200 2314 22 2314
2110 351, 8,-.4 35S
46,500 72 704 71
6H
200 8 "4 ' 8V4 814
13.400 3.S Ta 33 8214
1,000 22 2154 2114
1,700 2314 22 2214
13
1,200 83 H 541 54
4.600 8'. 744 7
2,500 2014 194 20
1,300 117Va llVs 11?
1,300' 221 19 2114
100 9014 8914 88
2.3"0 18 17 18
1,000 108 1 105 106 4
914
X 21
6,600 58 B6i 5614
1.7O0 60 V4 59 5914
13,800 62 !4 60 VS 61
4O0 8714
1,000 82
S3.400 7914 78 14 7814
1071,
1,000 5214 61V 52
5110 29 2S V4 28
1,400 29 '4 28 28
1,400 7 T4 7 714
200 8 7'4 7
500 2114 2114 21
14 14
58 Vi
S00 26V4 2514 2614
100 64
400 87
91
1,500 48 45 4514
500 10 9i 914
1.100 3414 33V4 84
4,000 74 7V4 7 '4
84 !
500 34 32 Vi 3214
30
300 114 1134 -11314
200 4714 47 V4 -. 47 H
200 9 14 14 V4
BONDS.
HIT HJUBEST IS FEMED
RALXS POIXT TO DELAY
GATHERING OF CROP.
rx
U S 2s reg. .
do coupon
U S 4s reg. .
do coupon
Pan 3s reg
do coupon . ..
A T & T cv 6s.
Atrh gen 4s
100 IN T C deb 6s..
..99!4N P 4s
104 N P 3s
104 I Pac T & T 5s. .
.76 I Pa con 4Vis
..76 . IS P cv 5s
97 So Ry OS
87 H
7:1
531,
83
'S4V4
8514
82
79
D & R U con 4s 63 U S Steel 5s... 93
Bid.
Liberty Bond Quotations.
Range of liberty bond quotations, fur
nished by the Overbeck & Cooke company
of Portland:
High. T.ow.
.$83.12 $88.02
Liberty S'4s
Liberty, first 4s .
Liberty, second 4s
Liberty, first 41s .. 88.40
Lilberty, second 4Vs 87.10
Liberty, third 414s... 91.70
Liberty, fourth 414s.. 87.18
Vlctorv 4 lis 98.70
Victory 8s ,98.44
87.90
86.90
91.48
86.94
98.36
98.38
Close.
$88.06
87.90
86.80
88.00
87.00
91.50
87.10
98.40
98.40
Mining Storks at Boston.
BOSTON, June 8. Closing quotations:
Allouez 20 lOld Dom 20
Ariz Com 814IOsceola 28
Calu & Arlx. .. 4814 Oulncy 3741
Calu & Hecla...238 I.Superior 844
. 2844
78 V,
91
60
1044
124
122
75V4
8
39 Vi
96 Vs
80
8614
79 V.
28 14
78
90 Vi
58 V4
104V4
12114
120
73 Vs
8
8814
95
80
34
77
2.400 40 Vi 39 V4
30
12,000
Yo'o
800
5.000
600
2,000
400
4,300
1,100
200
VOO
500
4,000
700
700
400
100
700
1.800
1.000
3.900
1,000
7.900
100
7.6O0
3.800
100
200
13.400
"b.'s'oo
2.600
700
300
1.100
500
1.000
8.800
3.700
2,100
200
6.400
300
3.400
5514 53 Vi
67
39 V4
iii"
3714
26
62 Vi
64
7
"ii
41
28 V4
67
'3514
67V4
6
85
49
1
65
'is"
32 Vi
'65
12V4
38 '.
1714
'is"
"i
63
13Va
19V4
5614
38
iii'
36
26
)
68
7
. . . ..
23
26V4
40 V,
27
57
'35V4
67
V4
83
42-4
1
64V4
"2!i'
31
'6514
62
"iiii
37
17
"l7
"i
61
13
19
68 6614
13 13
500
8.8110
300
27,'uo
1,700
100
300
1.100
100
200
700
700
300
'soli
100
400
900
200
800
1,000
1.500
4,600
900
3,300
'i.'lOO
100
6.400
900
1.900
800
6,800
300
700
500
300
130
10 V4
61
33
21
27
. 67
22
32 "4
11
63
'33" .
'46
'ii"
X
87
33
50
14
61
14
3
"23
50
38
39
13
42 Vi
29
51
io"
8
,600
400
200
Yo'o
1.500
1,100
100
Yo'o
'4, 806
147
21.
12
25
61
2114
39
'ii'
"62
129 V
10
69
34
21
67
22
32
11
62
'32
'ii.
'16
J
86
"ii"
60
14
69
34
8
60
86
39
12
42
28
60
ioi'
3
344
21
31
23
51
20
39
11
"62 "
CANTALOUPES ABE MORE FLENTIFUX
Price Drop With Larger Receipts; Straw
berries Are Firm.
With an Increase In the cantaloupe sup
ply, prices have started down grade. Three
cars were received and prices were cut to
$5 for standards and $4.50 for pony crates.
Strawberries were firm at $1.500 2 a
crate and cleaned up closely. Some diffi
culty was found in getting enough of good
Oils.
LINSEED OIL Raw, in barrels. $1.02t
five-gallon cans. $1.17. Boiled, in barrela
$1 04; five-gallon cans. $1.19.
TURPENTINE In drums, 92c: five-gallon
cans. $1.07.
WHITE LEAD 100-lb. kegs. 13c per lb
COAL OIL Tank wagons and iron bar
rels, 17c: cases, 80 & 37c.
GASOLINE Tank wagons and Iron bar
rels, 2bc; cases, 40c.
Narsl Stores.
SAVANNAH, Jure S. Turpentine firm.
6Sc; sales, 201 oarrtis; receipts. 332 bar
rels; shipments, 2638 barrels; stock, 6840
barrels.
Rosin firm; sales, 676 barrels; receipts
969 barrels: shipments, 8840 barrels; stock,
76,016 barrels. Quote: B. D, $3.60; E, $3 5.V
F, $3.60; O, $3.65; H. $3.70$'8.7B; I, $3.85;
K. $4.30: M, $4.80: N. $5.055.30: WO.
$3.75; WW. $6.B06.75.
Dried Fruit at New Tnrk.
NEW YORK, June 8. Evaporated ap
ples, nominal; prunes and apricots, firm;
peaches, steady; raisins, active.
Nev Con 200 11 n
New Haven... 300 IS IS
Nor & West... 1,000 94 93
Nor Pac ..... 8,000 70 69
Nov Sco Steel. 200 28 27
NTAlrBrk.. 300 .62 60
N x Central.. 100 68 68
Okla Prod ret. 4,800 2 1
Ont Silver
Ont & West
Otis Steel
Pac Oil ...... 26.900 84 3:t
Pac G & E... 2.600 60 4 ill,
Pac Mall
Pan Am Pet.. 24,500 59 56
do B 6,100 63 50
Penn 1,500 34 84
Peo Gas 700 49 49
Pere ilarq ... 2,200 " 22 21
Phila Co
Pure Oil 3.700 80 30
Pierce Arrow. 8.100 20 19
Pierce Oil ... 80fV 8 8
Pitts Coal
Pitts & W Va. 300 29 . 27
do pfd .....
Pr Steel Car
Pullman 700 99 98
Ray Con 600 13 12
Reading 4.200 69 68
Remington ... 200 20 19
Repl Steel ... 3U0 24 23
Rep 1 & S.... 20,500 64 - 49
do pfd 100
Rep Motors... 100
Ryl Dutch Oil 1,500 58 67
Ry Steel Spg.. 100
8 O Ind
Sears Roebuck 1,400 76 75
Shattuck Ariz. 11 - 6 6
Shell T & T... 1.400 44 43
Sinclair 18.300 22 21
Ploss Shef i
Bo Pac 2.100 74 73
75
102
. 28
77
80
58
104
122
322
74
95
29
8
38
96
78
75
4
35
77
39
50
100
53
66
38
75
111
36
24
60
63
7
18
31
24
26
40
27
57
27
35
67
6
85
48
1
65
96
26
31
73
65
62
84
31
37
37
94
17
1
02
13
18
13
67
26
1314
1 V
86
129
30
5
69
84
20
27
22
32
11
63
88
6
4fl
3
10
f
102
13
50
14
0
14
3 V
8
2.1
49
37
39
32
41
27
50
149
104
3
1
145
21
11
25
2
4
61
20
39
IS
65
11
110
52
75
11
17
'69'
28
61
68
2
4
17
12
34
49
11
59
51
34
49
21
30
30
19
8
69
28
74
79
98
32
6S
19
23
50
84
14
Centennial
Cop Range.
East Butte ..
Franklin
sle Royalle . .
Lake Copper..
Mohawk
North Butte..
TM-'Sup & Boston.
32IShannon
8 Utah Con
2 IWInona
20 I Wolverine. . . . .
2Granby Con ..
49 I Greene Can ..
10 I
1-1.
so
3
40
10
21
Swift & Co. Stocks.
Closing prices for Swift & Co. stocks at
Chicago were reported by the Overbeck &
Cooke company of Portland as follows:
Swift & Co 9(1
Llbby. McNeill & Libby 8
National Leather 7
Swift International 24
Honey, Silver, Etc
NEW TORK, June 8. rPrlme mercantile
paper. 6a7 per cent.
Time loans firm; 60 days, 90 days and
six months, 7 per cent.
Call money easier. High, ruling rate
and offered at 7 per cent; low, closing bid
and last loan, 6 per" cent.
Bar silver, domestic, 09c; foreign 58c
Mexican dollars, 44 c.
LONDON, June 8. Bar silver, 84d per
ounce. Money 6 per cent. Discount rates,
short bills 614 per cent.
Foreign Bonds. '
Foreign bond quotations furnished by the
Overbeck & Cooke company of Portland:
Russian 6'4s. 1921
Russian 6s 1026
Russian 6 3. 1919
French 5s, 1931 ...
French 4s. 1917 ...
French 5s, 1920 . . .
Italian 5s. 1918 ...
British 5s. 1922 . .
British 5s, 1927 ..
British 5s, 1929 ...
British vky 4s
British ref 4s
German W. L. 6s .
Berlin 4s
Hamburg 4s
Hamburg 4 Vis ....
Leipilg 4s
Leipsig 5s
Munich 4s
Munich 5s
Frankfort 4s
Jap 4s
Jap first 4s
Jap second 4s .,
Paris 6s
U K 5s, 1921
U K 5s, 1922
U K 5s. 1929
U K 6s, 1937
Bid.
...13
. . . 4
... 14
. .. 61
... 49
... 74
... 30
. . .374
. . .3H8
. . .368
. . .287
. . . 269
... 1114
... 1214
... 14
... 14
... 14
. .. 14
... 14
... . 15
... 14
. .. 68
. .. 84
. .. 84
. . . 99
, .. 99
, .. 97
, .. 88
,.. 84
Ask.
15
6
' 17
62
50
73
37
3S4
378
37S'
279
279
12
13
15
15
16
16
13
17
16
68
85
88
99
99
97
88
Foreign Exchange.
Foreign exchange rates at close of busi
ness yesterday, furnished by Northwestern
National bank of Portland. The amount
quoted is the equivalent of the foreign unit
in United states lunas:
Country Unit.
Austria, kronen
Belgium, francs
Bulgaria, leva
Czecho-Slovakia. kronen
Denmark, kroner
England, pound sterling
Finland, flnmark
France, francs
Germany, marks
Greece, drachmas
Holland, guilders
Hungary, kronen
Italy, lire
Jugo-Slavia. kronen ....
Norway, kroner
Portugal, escudos
Roumania, lei
Serbia, dinara
Spain, pesetas
Sweden, kroner
Switzerland, francs
China Hongkong, Local
Shanghai, taels .
Japan, yen . . -
currency,
,.'..
Rate.
$ .0030
.0800
.0130
.0150
.1755
3.79O0
.0195
.0800
.0156
.0623
.3357
.0050
.0482
.0080
.1500
.1105
.016!)
.0310
.1300
.2200
.1723
.4973
.6700
.4875
Chicago Market Is Firmer as Re
sult; Government Figures Prove
Bullish, as Expected.
CHICAGO, June 8. Wheat showed sn
upward slant today, chiefly on account of
rains which pointed to a delay in th
harvest of the winter crop. Closing quota
tions were firm at the same as yester
day's finish to 2c higher, with July SI. 32
to $1.32 and September $1.16 to $1.11
Corn lost 0 to lo and oats c to c
In provisions, the outcome was unchanged
LU 1 -no nigiier.
Kansas and southern Indiana were chief
ly the subject of misgivings among wheat
traders, who feared a wet harvest, con
sidtrable buying of July took place as 1
consequence. The general run of crop ad
vices, however, appeared to be optimistic.
and September was, therefore, much less
in demand than July. Bulls were Handi
capped also by stowness of export call and
by a r.ew break in foreign exchange. The
government figures came subsequent to
the close, and as generally had been ex
pected, proved bullish, though not to such
a radical extent as the latest private fore
casts would Imply.
Corn and oats were lacking in aggres
sive support.
Provisions hardened a little In line with
hogs and as a result of some export
buying.
The Chicago market letter received yes
terday by the Overbeck & Cooke company
of Portland said:
Wheat Trade was light pending publl
cation of the government report, but tin
tone was strong and bearish arguments
such as the extreme weakness in foreign
exchange and advices from the seaboard
to the effect that exporters were not buy
ing. A new factor was injected into the
situation in the form of a wet harvest
scare. General rains occurred in the south
west and in parts of the Ohio valley where
wheat harvesting was Just getting under
way. This menace would undoubtedly
mean light receipta during the month of
July, which would create tightness in that
position, as stocks in Chicago are very
small and likely to decrease further within
the next two weeks. The forecast is for
continued unsettled weather with probsble
showers over- the belt. The government
report today will have much to do with
shaping the course , of prices for the imme
diate future and if it. in any way, con
firms private estimates, a higher market
would be the resulL
Corn Persistent selling by cash inter
ests overwhelmed buying power snd gave
the market Independent weakness. The cash
article was even weaker than the futures
with prices sbout 1 cents lower for con
tract grades snd as much as 4 cents down
for sample grades. Shipping sales given
at 481,000, a large part of which went to
exporters and it was intimated that addi
tional business was being done. Country
offerings to arrive . were reported much
smaller on account of the decline. Crop
uncertainties will then enter the situation
and very likely stimulate buying.
Oats The weakness in corn restrained
buying of oats futures and prices weakened
under pressure of selling by cash houses
and leading elevator interests. Receipts
were smaller and the cash market reia
tlvely firm. Crop reports are generally
unfavorable and will probably have quite
an influence on prices coincident with any
improvement in the cash demand
Rye This market was firm on buying
of September by seaboard interests. Cash
rye was relatively steady with No.
track 15 cents over July bid.
Leading prices ranged as follows:
WHEAT.
Open. High. Low.
July... $ 1.29 $ 1.82 $ 1.29
Sept.... L16 1.17 1.15
CORN.
.64
.65
July
Sept
.62
.63
2 on
Close.
1.3:
1.16
.62
.64
$1.5101.52;
62 63c; No.
38c; No. 8
.88
.40
9.82
10.10
10.12
10.35
No. 2
, 2 yel-
Whlte.
NEW TORK, June 8. Exchange weak;
sterling, demand, $3.75: cables, $3.76.
Franca, demand 7.88; cables 7.90. Belgian
francs, demand 7.87: cables 7.89. Guilders,
demand 32.95; cables 33.05. Lire, demand
4.72; cables 4.74. .Marks, demand 1.4 (;
cables 1.4H. Greece, demand o.uz. Sweden,
demand 22.30. Norway, demand 14.80.
Argentine, demand 81.37. Brazilian, de
mand 12.75. Montreal, 10 11-16 per cent
discount.
SAN FRANCISCO PRODUCE MARKE1
Prices Current on Vegetables, Fresh Fruits.
Etc., at Bay City.
SAN FRANCISCO, June 8. Vegetablei
Asparagus, 28c; squash, 85c$1.25
crate, $1.25 1.00 tug: potatoes. $23.25;
onions, new red. (,-cin!si Dag; green.
SI. 5001.75 box; tomatoes. Imperial, Slta
$2.75 lug; garlic, 66Sc pound; bell peppers,
15ra3uc pouna; pea3, (iff 11c pouna; rnu-
barb, nominal; lettuce, nominal; string
beans. 8W10C pound; Kentucky Wonders,
10wl2c; articooKes, crate; beets,
II. 7o2 sacg; carrots, s.Jo(ai.JO sack;
egg plant, 1520c pound.
Poultry young cnicaens, agvzoe pound;
staggy roosters, 2Uff25c pound; old
roosters, 1736c: ducks, 25 1 33c; geese,
?5c: turkeys. 3550n; Belgian hares,
1320c; squabs, 45 648c pound; pigeons
$3 dozen.
Fruit uranges, navei. 3D'o; Valencia;
$3 a 3.75; lemons, $46; apples, $13;
strawberries, drawer, 50 70c; loganber
ries, 5065c drawer; raspberries, $11.23
drawer; gooseberries, nominal; bananas,
8?10c pound; pineapples, nominal; avo-
cadoes, $4&6 doz. ; cherries, black, in bulk.
6&10c drawer, .dsi.o: apricots, $1,009
four-basket crates; S23 lug; peaches,
$1.501.75 box; cantaloupes. $4.S05; figs
$1.75?3 box; currants, S5c$l drawer.
Receipts f lour, ioio quarters: oats, 123
centals; barley, 2261 centals; wheat. 3404
centals; beans. 3153 sacks; potatoes, 686
sacks; hay, 150 tons; onions, 70 sacks;
hides, 304; oranges and lemons, 1200 boxes;
livestock, 75 head.
83
67
75
6
21 A
36
73
Canadian Wool Clip NormaL
CALGARY, Alta., June 8. Alberta's wool
clip this year is estimated at 2,200,000
pounds, whicn is tne same as last year s.
With 3.000.000 pounds as the probable total
of the clip of Manitoba, Saskatchewan and
British Columbia, western Canada will
have about 5,000.000 pounds of wool to dis
pose of this year. It is hoped to sell the
total clip In the home barket.
Canadian Exports Declining.
OTTAWA, June 8. Exports from Can
ada per head of population Jumped from
$40 in 1910 to $179 In 1918. and down to
$132 In 1921, according to the monthly
trade returns Issued by the department of
trade and commerce. The 1921 figures sre
based on an estimated population of 9,233,
000. ,
Cotton Market.
NEW TORK. June 8. Spot cotton quiet
Middling. $12.80c -
.63
.64
OATS.
July... .38 .38 .38
Sept... .40 .40 .39
MESS PORK.
July... 17.50 17.60 17.50
LARD.
Juyl... 990 9,93 9.82
Sept... 10.12 10.25 10.10
SHORT RIBS.
July... 10 20 1 0 25 10.12
Sept... 10.40 10.40 10.35
Cash prices were:
Wheat No. 2 red.
hard. $1.59.
Corn No. 2 mixed,
low. 6263c.
Oats No. 2 white.
37c.
Rye No. 2, none.
Barley 58 71c.
Timothy seed $4.ISfl6.
Clover seed $13 18.
Pork Nom inai.
Lard $9.67.
Ribs $9.6010.50.
Minneapolis Grain Market.
MINNEAPOLIS, June 8. Barley. 46
62c; flax. No. 1, 11.D9 & 1.91 ; wheat,
July. $1.31.
Duluth Linseed Market.
DULUTH. June 8. Linseed on track and
to arrive, $1.95.
Grain at San Francisco.
SAN FRANCISCO. Cal., June 8. Grsln
Wheat, feed, $2.352.50; milling, $2.40
2.50. Barley, feed, $1.15 1.17 : shipping.
$1.251.30. Oats, red feed. $1.406'!. 50.
Rye, nominal. Corn, white Egyptian, $2.30
2.40; red mllo, $2.102.15.
Seattle Grain Market.
SEATTLE, June 8. Wheat Hard white,
soft white and white club, $1.35; hard red
winter, soft red winter and northern
spring, $1.32; eastern red Walla and Big
Bend bluestem, $1.38.
City delivery Feed Scratch feed, $51
per ton; baby scratch feed. $67; feed
wheat, $35; all grain chop, $42; oats, $39;
rolled oats, $41; sprouting oats, $44; whole
barley, $39; rolled barley, $41; clipped bar
ley, $46: milled feed, $33; bran, $30; whole
corn, $40: cracked corn, $42.
Hay Alfalfa, $24 ton; double eom
compressed alfalfa, $31; do. timothy, $33;
eastern Washington mixed, $30; straw, $24
IS
23 lambs. 69 3.00 7 bucks. 170 2.00
Livestock prices at the local yards fol
low: Choice steers $8nn 8 25
Fair to medium steers ... 6.25 9 7.00
Medium to good steers 7. SOW 8 00
Common to fair steers 6.00'(S 6 00
Choice cows and heifers 0.30' 7.00
Medium to good cows, heifers. 6.50 6.00
Fair to medium cows, heifers.. 4.50o) 5.00
Canners 2.00 f S.30
Bulls 8.50'ir 4.73
Choice dairy calves 9.5Orl000
Prime light calves 9.00'. 9 50
Heavy calves , 3.00'cJ 6.00
Choice feeders 5 25'? 5.75
Fair. 'to good feeders 4.75 5.25
Hogs
Prime light 9.0fl 9 25
Smooth heavy, 230 to 300 lbs. 7.25'fti 8.25
Smooth heavv. 300 lbs. and un. 6.25-9 6.75
Rough heavy B.OO'o) 7.25
Stags 4 00W 7.L'5
Fat pigs 9.00HH 9.23
Feeder pigs 8.50 9.23
Sheep
Primel amb .509 7.2J
Fair to good lambs 5.30 6.50
Cull lambs 4.0OW 3.50
Feeder lambs 2.50W 4.00
Heavy yearlings 4.501 5.00
Light yearlings 5.00 ii 5 50
Light wethers 400f(ji 4.50
Heavy wethers 8.00 f .4.00
Ewes 1.00 0 4.25
Chicago Livestock Market.
CHICAGO, June 8. (United States Bu
reau of Markets.) Cattle 8000; heavy
beef steers slow, ethers steady to strong;
choice handywelght, bid $8; bulk keef
steers, $7.30igi8.35: she stock and bulla,
steady; bulk butcher cows and heifers,
$55C7; bulls largely, $4.5065.75: veal calves
steady to 23c higher; bulk vealers, $99
9.75; stockers and feeders slow.
Hogs 21.000; opening fairly active, 15c
to 25c higher; later slow; top one load
early, $8.50; bulk, $8108.40; pigs mostly
10c higher; bulk, desirable, around $8.25.
Sheep 21,000: lambs, 23c to 60c lower;
some Bprings off more 1 sheep 25c lower:
shorn lamb, top to city butcher, $12.25;
native spring top, early. $13.33 to city
butcher and $13 to packers; few choice
light ewes, $4.504.73. 1
Kansas Citr Livestock Market.
KANSAS CITY, Mo., June 8. (United
States Bureau of Markets.) Cattle 6600;
all classes uneven but mostly steady; trade
moderatelv active; top yearlings. $8.35:
best heavy steers bid $S.25: bulk .all
weights. $6 7SW 7.85: most cows. S l4r5 50;
few at $6 and higher: good heifers. $6.50W
7.00: common kinds under $-: most bulls,
$4$r5: good and choice vealers. $88.50;
bulk stockers. $56 6.50.
Hoes 13.000: early market to shippers
15c to 25c higher than yesterday s average
most 250 to 800 pounds, $7.507.65; pack
era bought most hegs 10c to 20c higher
bulk of sales, $7.507.75; top. $7.83; stork
dIe-s 10c to 13c lower: very few over $8.25.
Sheep 1000; sheep steady: odd bunches
native ewes, $4; spring Ismbs mostly sue
lower; odd bunches, native, 12..w, tui'
decks. $12.25; bulk better grade, $11.50
12; Arizonas, $10.
Omaha Lvlestock Market.
OMAHA. Neb.. June 8. (United States
Bureau of Markets.) Hogs 13.500; fairly
active, 15o to 23c higher; heavies up most,
hulk 180 to 240-round butchers. $7,659
7.90: top. $7.95; bulk butchers, 250 pounds
and over. $7.3307.60.
Cattle 6300; beef steers and she stock
mostly steady; top steers, s.-so; oiner
clssses generally steady.
Sheen 4000: lambs. 2550c lower: early
top Idaho spring lambs. $13.25: best unsold,
best native spring lambs, $12.40; sheep
steady.
Seattle Livestock Market.
SEATTLE, June 8 -Cattle Steady; re
ceipts, 28; prices unchanged. Hogs, steady
receipts, 99; prices unchanged.
QUOTATIONS OS DAIRY PRODUCE
Market Prices Ruling on Butter, Cheese
and Eggs.
SAN FRANCISCO, June 8 Butter Ex
tras, 38c; prime firsts, sc; ursis, nom
inal. Eggs Fresh extras, 80c; extra firsts,
29c; firsts, nominal; dirties, 28c; extrs
pullets, 26c: undersized pullets, 24c.
Cheese Flats, fancy, 17 c; firsts, nom
inal; Young America, fancies, 20c; first
nominal.
CHICAGO, June 8. Butter, unchanged.
Eggs, higher; receipts. 14.869 cases;
firsts, 2St(23c; standards, 24c; ordinary
firsts. 20621c; at mark, cases Included,
22fc22c.
NEW YORK, June 8 Butter, steady.
Creamery higher than extras, 83 0 33c;
creamery extras. 32c; firsts. 2831c.
Kggti Firmer; fresh-gathered extras,
firsts, 2830c; firsts, 23627c.
Cheese, castor. State whole milk flats,
fresh specials, 18&16c; others un
changed, ' SEATTLE, June 8 Wholesale prices to
dealers:
Eggs, select local ranch, white shells, 2.1
20c; do. mixed colors, 21 4 23c; pullets,
20W21c.
Butter, city creamery cubes, 32c; bricks
or prints, 83c; country creamery extraa
coat to Jobbers, in cubes, 2bc.
THE APPLE CROP TO BE GOOD
Benton County Yield Forecast to Be tS
Per Cent of Last Year.
PROSSER. Wash.. June 8. (Special.)
Benton county's apple crop this season
will be about 85 per cent of that of 1919,
when Yakima valley records were broken. '
In the opinion of F. E. Bailey, county
horticulturist. "This Is about 5 per cent
below my previous estimate," said Mr.
Bailey tioday. "The difference is due to
rfamava frnm anhls. Fridav night's
Storm blew from th trees only apples that
were reAdy to drop anyway and would
have been removed by thinners."
Thinning is now at Its netgnt in tne
apple orchards and is giving employment
to many men, women ana cniiaren.
'June drop Is by no means over,
baa Droxressed sufficiently to
thinners to determine Just
should be removed.
1
THE
College Man
Is a College Education worth while?
A question of live and vital inter
est to the business community.
An Address before the Convention of the National
, Alumni Association of Princeton University
held in St. Louis February 12, 1921
By
I. H. LIONBERGER
Copies will be furnished free to Manufacturer and
Jobber! upon request to the Sc. Louis office
of the Company
The AMERICAN CREDIT-LNDEiCsTrTY CO.
The Credit Insurance Company
E. M. TREAT. President
511 Locust St, Sc. Louis, Mo.
Brandt Offices fn AD Principal Cities:
New York, Chicago, San Francisco, Boston, Phil
adelphia, Baltimore, Buffalo, Pittsburgh, Cleveland,
Detroit, Cincinnati, Milwaukee, Davenport, Minne
apolis, Seattle, Portland, Los Angeles.
6 96c: October,
January, 7.47c;
July, 6.89c; September,
7.10c; December, 7.87c;
March. 7.67c: May. 7.86c
Spot coffee, steady; Rio 7s, 7c; Santos
4s, 9 10c
Metal Market.
NEW TORK, June 8. Copper, quiet;
electrolytic, spot and June, 13c; July,
13 H 18c.
Tin, weak; spot and nearby, 290 29 60c-
futures. 29 fc' 20 60c.
Iron, nominslly unchanged.
Lead, easy; spot. 4.75c.
Zinc, quiet: East St, Louis delivery.
spot. 4 606 4.70c.
Antimony, spot, 0 250.
New York Sugar Market,
NEW TORK. June 8. Raw sugar. 4.60c
for centrifugal; refined, 6.25c to 6.30o for
fine granulated.
LIME PLANT TO REOPEN
6tate Board Authorises Superin
tendent to Beg-in Work.
OREGON AGRICULTURAL COL
LEGE. Corvallis, June 8. (Special.)
Immediate reopening of the state lime
plant at Gold Hiii was authorised Sat
urday In a telegram to the newly
reappointed superintendent. C. W
Courtney, by the Oregon state lime
board.
Present were Dean Cordley, secre
tary, and S. H. Moore, B. G. Leedy and
John Shimanek, members. The death
of Benton Bowers, president, left the
board with an important vacancy to
be filled. The board understood that
petitions of taxpayers had been for
warded to Governor Olcott and W. M.
Pierce, president of the taxpayers'
league, asking- for the appointment
of Mr. Bowers' son.
J. O. Holt, manager. Men at the can.
neries formerly hsve been paid from
40 to SO cents an hour and women -i
to 30 cents an hour,
Mr. Holt has Just returned from
Portland, where lie attended a meet
ing; of the cannerymen of the state.
He was informed that other plants
will make a similar cut in wnccs.
Oregon Growers Number 1801.
SALEM. Or., June . (Special.)
The Oregon Growers' Co-ipetatlvi
association, with headquarters In
Salem, new has a total of 1 b 04 mem
bers, and controls approximate!)
30,723 acres of land In the western
part of the state. When the asso
ciation was organised. August 1
1919, the membership was 117 am1
the acreage did not exceed 3ou
acres.
Read The Oregnnlan classified iid
CANNERIES REDUCE WAGES
Plants of Eugene Fruit Growers'
Association Are Affected.
EUGENE, Or., June 8. (Special.)
A 20 per cent cut In the wages of the
employes of the three canneries of ths
Eugene Fruit Growers' association
will be mad thl year, according: to
The
but
enable
what fruit
Coffee Futures Unsettled.
NEW YORK, June 8 Recent advances
were followed ny consiaeraDie resuzing in
the market for coffee futures today, while
the rather unsettled showing of the Bra
slllan markets may have inspired soma
scattered selling for a reaction. After open
ing 8 to 12 points lower, active months
old some 8 to 16 points below last night's
closing figures with September esslng off
to 6.87c, but later reports ot renewed firm
ness came in from Brasil and the price
rallied to 6.99c. The general market
closed net unchanged to 6 points lower
Province of
BRITISH
COLUMBIA
6 BONDS
Dated April 25, 1921
Due-' April 25, 1926 '
Denomination $1000
PRICE 93.84
To Yield
Ralph Schneeloch Co.
nasi
MUKICIML AND CORPORATION nNANCE
CUMRLRMLNS BUIIOINQ
PaftTUwa OmaasL
XIVE CEXTS QUOTED OX CAR
LOADS AT STOCK YARDS.
Sbeep and Lambs Sell Fairly Well
i
at Steady Prices Cattle
Trade Quiet.
There was a weaker feeling In the hog
division at the stockyards yesterdsy. The
extreme top on extra quality was quoted
at 19.25, with 19 for carloads. Sheep and
lambs sold fairly well at steady prices.
The cattle market continued quiet at un
changed quotations.
Receipts were 30 cattle, 266 hogs and
1355 sheep. The day's sales were as fol
lows:
1 cow. . .
1 cow. . .
1 cow. . .
1 cow. . ,
2 cows. .
1 cow. . .
1 cow. . .
1 cow.. .
1 cow...
1 cow. . .
1 cow...
1 cow.. .
2 calves
2 hogs. .
10 hogs. .
8 hogs. .
7 hogs. .
7 hogs . .
1 hog. . .
R hogs. .
7 hogs. .
1 hog. . .
10 hogs..
8 hog. ..
1 hog...
6 hogs. .
. 1 hog...
6 hogs. .
8 hogs. .
1 hog...
2 hogs. .
1 2 hogs . .
12 hogs. .
5 hogs. .
8 hogs. .
16 hogs. .
14 hogs. .
12 hogs. .
2 hogs. .
14 hogs. .
1 hog...
. 1 hog...
8 hogs. .
1 hogs. .
9 hogs. .
1 hog. . .
22 hogs. .
6 lambs.
122 lambs.
Wt. Price! VTt. Price.
10S0 S2.75I 36 lambs. 60 5.50
020 5.00 25 lambs. 58 5 00
810 3.00 16 lambs. 6.1 6 50
12H0 5.2.1 20 lambs. 81 6.75
1175 6.7.1 83 lambs. 62 6.50
1130 5.25 25 Ismbs. 56 5.00
890 8.00 4 lambs. 52 8 .10
9.10 4.00 2 lambs. 55 5.00
1050 5.5(1 3 Iambs. 60 7.00
930 4.00 16 lambs. 75 8.75
1010 5.2.1 23 lambs. 71 7.00
910 6.2.1 17 lambs. 90 6 50
355 3.25 3 ewes.. 323 8.00
220 9.00 8 ewes. . 85 1.50
222 9.00 28 yearls. 112 4.00
237 6.00 loyearle. 83 4.50
195 9.00 12yearls. 90 5.00
207 9.00 13 hogs.. 202 9.00
200 7.00 74 hogs.. 202 9.00
182 9.00 9 hogs.. 177 9 00
210 9.00 14 h,nsjsii. 207 8.50
470 6.00 Thog... KJS00
177 o.oo 69 hogs). . 190 Srrn-f
201 9.00 ' lhog... 460 4 00
200 9.00 2 hogs.. 105 9.25
177 9.25 2 hogs. . 2.15 7.00.
240 9.00 6 hogs.. 203 9 00
151 9.00 72 hogs.. ins 9.00
187 9.2.1 3 hogs.. 413 7.00
660 3.00 19 hogs.. 24.1 9.00
155 9.10 12 hogs.. 270 8 50
233 9.00 4 hogs.. 312 7.00
2S6 8 00 lcow.. IIOO 6 50
2!)3 8.50 lcow... 1200 5.50
201 9.00 lcow... 12.10 6.35
211 9.00 lcow... 8.10 3.00
108 9.001 12 mixed. 976 5.00
11)0 9.0OI240 lambs. 6S 7.00
235 9.001 21 lambs. 70 6 75
270 8.001215 lambs. 64 6 75
340 6.001 17 lambs. 61 5.00
470 B.ool i iambs. 74 7 00
211 9.001j:!8 lambs. 70 7 10
42 5.00 86 lahbs. 82 6 75
223 n.00 SO ewes.. 121 3.0
12 9.00 37yearls. 95 4.50 ,
217 fl.OO 7yearls. 121 3.7.1 !
51 6 00 255 wethers 112 4 .10 I
72 6.501252 wethers 107 4.50
At 95
to yield
over
8
20-Year 7Va
External Gold Bonds
Republic of
France
Denominations $100, $500,
$1000.
France covenants to pay
a sum of $9,000,000 per
annum during the next five
years. This money is avail
able at the rate of $750,000 a
month for the purchase of
these bonds on the open mar
ket at not to exceed par and
accrued interest. Ready
marketability of this security
is assured by this sinking fund
provision.
Phone, wire or write your
orders.
WitlyYKtwm of conditions
nearer to normal finan
ciers anticipate an in'
crease in values of these
bone
LUIvipERMENS
os-(WAnr -BLANKS!!
I Broadway and Oak.
1
1
P;P ffTl J
Government of ! 'Stt C
Newfoundland 1
OoW Bonds at tt.3 i Jff'Vw- '' Si
7.20 M-M';:A
Importaat Informatlom on :j ' T"mi C A
Foreign Government Bond Jf V rjjLv T .V . rj
Write or call for our circu- (
lar describing, comparing j
iff ana quoung vaiucs vi kmc- jj i
m eign Government External t
P Bonds issued in recent
j years.
I C1ARK-KENDALL I
1 . & CO. INC. I
pA. fifth and Slark. Streets r&
BONDS JM
Money to Loan
on
Business and Residence Property.
Mortgage Bond Company
Main 2S31.
vVllrnz Bid.
GOVERNMENT OF
Newfoundland
62
COUPON GOLD BONDS
Dated June 1, 1918
Due June 30, 1923
Denomination $1000
Price 95.90 and interest to
yield 7.25.
WESTERN BOND &
MORTGAGE CO.
Ground Floor
Board of Trade Building
Main 113 80 Fourth St.