21
THE MORNING OREGOXIAX, WEDNESDAY, JUNE 22. 1921
BUYERS
ATTRACTED
By
SIKQ
SALE
Most Important Event
Wool Market to Date.
in
prices wen on a steady baals. Country
dressed meats were slow and weak.
PRICES ON STEADY BASIS
Bastern Traders Watching Devel
opments in Western Wool-Growing
Sections Mills Occupied.
DBOITH THREATENS FRENCH AVHEAT
Situation Said to Be Worst in Years; Eng
land Altto N'eeds Rain.
According to Broomhall's cable yester
day, wheat crop prospects In France are
not ood. The drouth, he says, is the
worst in years. Cables to Chicago houses
say the drouth is the worst since 1883.
Broom hall says of conditions In other
countries: ,
United Kingdom Weather condition!
unchanged from last week, hot- and dry.
Wheat strong and healthy, though rains
are needed.
Germany Rain hare fallen and the out
look now is must hopeful. Modified gov
eminent control will continue throughout
the coming season.
Italy Decontrol of wheat will occur on
August 1 and on corn July 1. Wheat out
turn expected to exceed last year's by
wide margin.
Spain and North Africa Condition of
new wheat only moderate.
Hungary and Balkans Some deteriora
tion is reported and in parts the condi
tion is very low.
STOCK RALLY VI WHS !14S
Sou Pacific... 16.800
ou Ry 4.300
do nf rf ..." 200
LEADIXG. SHARES RECOVER St L & s . . . S.euo
Strom Card. . . UO
OXE TO FIVE FOISTS. Studebaker . . 18.5U0
awiu oe K,o. . .
Ten C Chem J00
Texas Oil .... 30,000-
WHEAT FIRMER AND BIDS HIGHER
Offers OB Local Board Are Raised Two to
Three Cents.
The wheat market was firmer yesterday
and there were reports of some buying in
the country on the basis of coast quota
tions. At the Merchants' Exchange, bids
for July-August hard white were raised S
cents and club was 2 cents higher. Soft
white was unchanged. The coarse grain
markets were also unchanged.
Shipments of grain from the Fyget
sound district to Canada from July 1, 1020.
to April 30. 1921. were 62,843 bushels
wheat: 210.371 bushels corn and 19,030
barrels flour.
The corrected United States visible sup
ply figures follow: Wheat, 11,280,000 bush
els. Increase 1.213.000 bushels: corn, 26,
960.000 bushels, increase 1.011.000 bushel;
oats, 31.537.000 bushels, increase 760.000
bushela
The Canadian visible wheat supply is
8.255.000 bushels against 9,276.000 bushels
a year ago. The oats supply is 11.366.000
bushels against 879,000 bushels.
Terminal receipts. In cars, were reported
by the Merchants' Exchange as follows:
Portland Wheat.Bar.Flr.Oats.Hay
Tuesday 123 2 2 3 1
Year ago Holiday.
Season to date 20.JS32 304 1137 620 2476
, . a. ill las 4U13 aau iaa
Portland
Seattle
Tacoma
Spokane
The most Important wool sale of the
season was held at Shaniko yesterday. The
clip of that section of the state was of
fered for sealed bids and the sale attracted
all the buyers and representatives of for
eign "and eastern mills. Five hundred
thousand pounds were sold. Prices on
good ool ranged from 13 to 20 's cents at
th opening, averaging 19 cents.
imny-one growers oispoaea oi tneir piumg arrived.
wool at yesteraay s sale. seven ouyers
purchased 22 lots of fine wool, amounting
to 260.000 pounds, at prices ranging from
18 to 20 ; cents. Among those selling their
clips were Ronald MacDonald of Antelope,
who disposed of 21,000 pounds at the top
price of 201 cents. This lot was bought
by Mr. Sharp, representing the Boston
in Ilia
Three lots of coarse wool, amounting to
about 123,000 pounds, were sold for 13
cents, and the remainder of 123,000 pounds
averaged 16 cents.
There has been no material change In
the general wood, situation this week. The
eastern trade is closely watching opera
tions in the west, where most of the busi
ness Is now being done. Prices are on
steady basis and apparently the unettit
ment of the securities market has not
affected wool as it has some other com
module.
The eastern mills continue generally well
occupied on old contracts and duplicate
orders and prices are fully maintained.
Spinners and combers report little change
In the situation. Some of the handlers of
foreign tops report continued demand for
English fine tops at up to about (1 for
the best lots of 64s, which-is about 10c
Under the market for domestic descrip
tions. Nevertheless, the combers are able
to do some business and have been in the
market for fine and fine medium wools of
the territory types at about 70 cents, clean
basis. The latest figures of the govern
ment on wool consumption for the month
of April at 46.000,000 pounds bring the
industry back to normal consumption,
which has undoubtedly been maintained
fully during May and June.
In noting the effect of the tariff law on
the industry, the Merchants' National bank
of Boston says:
'The importance of the emergency tariff
act Just passed, and of the permanent act
to supersede It later, is Indicated by the
rapid increase in imports of manufactures
of wool during the first four months of
this year. Imports in April eompard with
those in January were, respectively, as fol
Iowa: Tops, 4,805.538 pounds against
71.580 pounds: woolen and worsted cloths,
1.494,980 square yards against 274.837
square yards; dress goods,' 599.047 square
yards against 405,220 square yards: yarn,
1.273,145 pounds against 126.63S pounds.
It is expected that the pressure of this for
eign competition will be reduced to some
extent by the emergency tariff act, and
more particularly by the permanent tariff
act which is now pending in congress.
"Exports of manufactures of wool have
continued to decline in recent months,
reaching new low levels in April."
Berries Cheaper on Early Market,
Strawberries sold lower on the early
farmers' market at $1.10 1.40 a crate, but
on the street good shipping stock held
steady at $1.75 a crate.
Several cars of cantaloupes and water
melons came in. The demand for them
was only fair and prices were unchanged.
Honey-dew melons were quoted at $3
crate. Cherries were plentiful and weak.
A mixed car of California peaches and
Burlap Shipments Larger.
Burlap shipments to the United States
In May from Calcutta as reported by
cable were 58.700.000 yards to the east
coast and 26,000.000 .yards to the west
coast, a total of 84.700.000 yards. This
compares with about 46.000,000 yards in
the preceding month, and over 100,000,000
yards in March. The totals were larger
than the trade anticipated.
, Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows
Clearings.
4.li33.711
4,9(13.474
oUO.OflO
1,607, 2119
Balances.
$ 878.143
1,108.535
52,415
594,921
PORTLAND MARKET QUOTATIONS
Grain, Flour and Feed.
Merchants' Exchange, noon session:
-Bid.-
Aue.
t 1.1.1
LIU
MS
1.10
1.10
1.10
2G.00
31.00
25.00
31.00
Wheat June. July.
Hard white f 1.15
Soft white 1.12
White club 1.12
Hard winter 1.10
Northern spring 1.10
Red Walla 1.10
Oats
No. 2 white feed 27.00
Corn
No. 2 E- T. shipment 31.25
FLOUR Family patents, $8.60 per bar
rel; whole wheat, $7; graham, $6.80; bak
ers' hard wheat, $8.25; bakers' bluestem
patents, $7.75: valley bakers' $7.26:
straights, $7.25.
M1LLFEKD Prices f. o. b. mill: Mill
run, $34 per ton; rolled barley. S3GS38:
rolled oats, $40; scratch feed, $52 per ton.
CUK.N-T whole, $40; cracked, $43 per
ton.
HAT Buying price f. o. b, Portland;
Alfalfa, $16 per ton; cheat, $2223 per
ton; clover, $15 per ton; valley timothy.
$24; eastern Oregun timothy, $26.
Dairy and Country Produce.
BUTTER Cubes, extras, 30c per pound;
prints, parchment wrapped, box lots, 35c;
cartons, 36c. Butterfat, buying price: A
grade, 29c; B grade, 27c Portland de
lve ry.
EGGS Case count, 23 24c; candled
ranch, 27c; selects, 29c
CHEKSB Tillamook trlnleta nrice to
Jobbers f. o. b. Tillamook. 19c; Young
Americas. 20c pound.
- POULTRY Hens. 1624c pound: ducks.
young, 30-40c; geese, nominal; turkeys,
nominal.
PORK Fancy, 12c per pound.
VEAL, Fancy, 12c per pound.
Relaxed Money Rates and Short Texas Pac.
Covering Largely Responsible for
Cpturn; Bonds Irregular.
NEW YORK. June 21. The stock mar
ket's descent was checked today after a
brief period of weakness In which United
States steel again was conspicuous. Many
600
Tob Prod 1.900
Tran Con Oil. 7.100
Union Oil Del.
Union Pac ...
United Alloy. .
United Drug.
Utd Food Pdts
United Fruit.
Utd Rd of N.J
do pfd
Utd Rtl Stores
leading shares recorded extreme recoveries I ij g jnd Alco.
do pfd....
' Utah Conner.
Va Chem
Vada Steel...,
Vivandou . . .
1.700
4,500
400
600
3 800
7,300
5110
500
2.S00
2.200
13.400
600
200
80.900
1.400
7,000
800
S.200
100
800
1,700
100
100
2,500
7
40
20 i
33 V,
70
18
44
21
29
73 'i
0"i
7S
SOS
20K
184
6 Hi
8
18H
11414
20 V,
88
17
101
9 '
1
Bl
53
58
93
21t
82
10
47
24
27
6
0
19
39
18
33
67
17
42
1
26
70
90
714
29
19
16
50
7
17
111
20
87
16
99
8
18
50 '
50
55
91
29
70
103
43
24
25
6
7
18
24 22
West Md
White Motors
Willys-Ovid .
do pfd
Wilson Packg
Wis Central. .
v ool worth
Worth Pump.
W & L E
1.600 44
900
500
200
31
9
32
42
'30"
7
31
of one to five points. I U S Rub.
Further easinr of money rates and a I do pfd...
growing conviction that the extended re-1 U S Smelting.
action had exceeded the bounas or cau-1 u o oieei
tion were among factors which prompted
hurried covering of short commitments.
There was little in the movement, now
ever to Indicate more than tentative pub
lie participation. Sales were 1,000,000 Wabash
shares. do A pfd
For the first time since October, 1919, 1 An nM
call monev aDened and remained at 5 per i wells-Farm
cent on the exchange. In the open market I Western Pac.
and on prime collateral this quotation was I Western Union
shaded by to 1 per cent. I W'esting A B.
Leaden of the rallv comprised Invest- W esth B & M
ment rails such as Canadian r-acmc,
Northern Pacific. Great Northern. Union
Pacific and Reading. Mexican Petroleum
General Asnhait. Royal Dutch and numer
ous Junior oils. Crucible Steel, American
and Baldwin Locomotives, international
Harvester. General Electric, New York Air
Brake and Pressed Steel Car.
Khlnninffs. motors, motor accessories,
food, leather and chemical specialties
were onlv moderately benefited. Ameri
can 'Woolen. Bears-Roebuck and Coppers
Hhnweri little, if anv. recuperative powers.
All foreia-n exchanges were reactionary, pan 3, rer .75
.,-iinr i..,.rr noai-lv 2lic. with declines A T & T cv 63 07 So Rallwv 5s
of 3 to about 20 points In French. Belgian I Atchen gen 4s. T4Union Pac 4s.
and Dutch bills. Scandinavian renin
fUn... a flirin tended lower on moderate of
ferings, but the Canadian discount easeu.
In the bond list, liberty issues were ir
regular and some convertible rails hard
nH - hut Industrials were mixea aiiu
ainly lower. Foreign Issues rallied irom
earlv heaviness. 'lotai sa.es, par
$10,673,000.
CLOSING STOCK QUOTATIONS,
Vtt-nuhri Ytv Overbeck & Cooke com
1.10S1UK
1.500
100
38
S
6
80
19
82
69
18
43
:o
28
72
90
7
so
. 20
18
61
7
17
113
20
8S
16
101
8
18
51
51!
58
lit
2S
71
1U3
47
24
26
6
7
19
13
62
23
87
89
44
9
30
9
32
?
109 40
8
82
8
BONDS.
U S 2s, reg 100 Nor Pac 4s 73
do coupon.. "loo ' do 38
do 4s. reg..104IPac TAT 3s.S3
do cv 4. cp.104 . Penn con 4s. 83
Mo fic cv
78
D & R con 4s. 62U 3 Steel 5s... 94
NYC deb 6s. 88
Bid.
Liberty Bond Quotations.
Range of liberty bond quotations, fur
nished by the Overbeck Sc Cooke company
of Portland:
pany, Portland.)
Adams express.
Advance Rum .
Agr Chem....
do pfd
AJax Rubber.
Alaska Gold.. .
Alaska Juneau
Allls-Chalm .
do pfd
Am Beet Sgr.
Am Bosch....
Am Can Co. . .
do pfu
Sales. High. Low.
"40b
"800
"266
2.400
400
1,000
800
3.800
36 36
'22" '21
"i "in
30 29
70 !
28 27
34 34
25 23
lis" lie"
bid.
22
14
3
59
22
1
30
69
28
34
24
Liberty 8
Liberty first 4s. . . .
Liberty second 4s . . .
Liberty, first 4s ...
Liberty, .second 4s
Liberty third 4Us..
Liberty fourth 4.
v Ictory 4 s
Victory 3s 98.42
High. Low. Olose.
.$88.10 $87.70 $87.70
S7.:!
86.58
87.40
86.76
01.31!
811. SB
98.40
98.40
87.52
86. 80
01.46
80
98.44
87.40
86.72
91.40
SH.82
4S.40
9S.40
A First Mortgage Bond on
Inside Portland Real Estate
Yielding 8
These bonds are secured by a first mortgage covering the prop
erty at Broadway and Yamhill streets known as the Broadway
Yamhill building, with a frontage of 100 feet on Broadway and
150 feet on Yamhill street, also 25 feet frontage on Park street.
This property is owned in fee simple by Alexander Pantages
and is appraised at $625,000.
The total bond issue is $300,000 and in addition to the real estate
security, which is over twice the amount loaned, each bond 's
unconditionally guaranteed by endorsement by Alexander Pantages
and wife, whose net worth is over four million dollars.
All legal proceedings and examination of titles have been
handled by Messrs. Carey & Kerr of Portland, Oregon.
Due serially from June i 1922, to Jane 1, 1923, Inc.
Price 07.97 to 00.53, according: to maturity
Denominations $1000 and $500
These bonds are a legal investment for Oregon savings banks
L Oevereaux Rfimpany
S7 Sixth Street
I.WEST.MEXT BONDS
PORTLAND, OREGOX
Broadway 1042
$300,000
Guaranteed Firt Mortgage l'zc Serial
' Gold Bonds
Secured on the
Broadway-Yamhill Building
Portland, Oregon
Owned in Fee Simple by Alexander Tantage
and Wife
prices were the lowest of the day, show
ins a net decline of 19 to 23 points. July.
3.64c; September, 6.03c; October, 6.14c;
December, 6.42c; January, o.jc; marcn.
B72c: Mav tHuC.
Spot coffee neglected, Kio la. ovc to;
6c; Santos 4s, 99c.
BOSTON.
Allouez ....
Ariz Com...
Cal A Ariz.
Cal & Hecli
Mining Stork.
June 21. Closing quotations
:o i.Nortn rjuite...
16 1V4
Tear ago
Tacoma
Monday
Tear ago ..
Season to date
Tear ago
Seattle
Honday
Year ago . .
6eason to date
Year ago .
27 ..
R.002 54 1048 193
7.3SO 116 3310 182
3
960
847
26 ... 5 5 5
12 1
4.731 230 632 511 1527
6.382 236 1203 666 1247
BCTTER IMPORTS TO BE RESTRICTED
Good Demand for Product for Storage
and Current Vse.
The week showed some increase In the
quantity of cream delivered, says the
weekly produce review of Swift & Co. of
Chicago. Prices remained generally un
changed. There is a good demand for
butter, both for storage and current use.
It is thought that the duty of 6 cents a
pound on butter will restrict importations
to some extent. Market quotations do not.
in all cases, represent the selling price of
butter, because only a small percentage of
the arrivals from centralized creameries
will grade standards, and under-scoring
butter is sold at a discount
Quality of butter manufactured could be
improved if more attention were given to
the care and handling of the cream on the
part of the producers and if the cream
produced was marketed more frequently.
It is important. If cream is to bring top
prices, that it be clean warm cream
ahculd never be mixed with cold cream.
The higher temperature throughout the
producing sections is affecting the qual
ity of eggs marketed, although there has
been little change in the market quota
tions. To secure the highest prices, eggs
should be gathered daily, kept in a cool
place and marketed frequently. It should
be remembered that roosters are not nec
essary for egg production, that infertile
eggs, produced during the summer months,
have better keeping quualities and result
in better prices.
A larger volume of poultry was mar
keted during the week, resulting in slightly
lower prices. The supply of young chick
aa is increasing and bringing good prices.
LOCAL BrTTER PRICES MAINTAINED
California) Shipping Demand for Cnbes
Continues Active.
The cube butter market ruled firm
with further buying for shipment to Cali
fornia. The bulk of the sales were made
at 80 cents. The local movement in prints
was rather slow and but for the shipping
demand for cubes, present prices might
not hold.
There was not much change In the egg
situation. The market now Is purely a
local one and on the average the supply
qusls the demand. Current receipts gen
erally sold at 23624 cents.
Poultry receipts were modsrata and
Fruits and Vegetables.
FRUITS .Navel oranaes. 14.756 8 ner
box; lemons, $i.o0us.io; grapefruit, $39
11 per box; bananas. ll'A'llc bound.
apple $1.3033 per box; strawberries, $1.10
Q'l.io crate: cherries, 3vil2c per pound;
cantaloupes, $3.50&'4 crate; peaches, $2.23
tl'2.73 per bex; watermelons, 3&)4c per
pouua; goosuerries, agpic per pound; apri
cots, $3 lug; plums, $2.23 2. 75 per box;
raspberries. $3.233.30 per crate: honey-
dew melons, $3 per crate.
VEGETABLES Cabbage. 3c bound:
lettuce, $2ti?2.75 per crate; carrots, $2.30
per sack; garlic. 2U&23C per pound: beets.
$3.50 per sack; green peppers, 3545c per
pound; rhubarb, 5$f7c per pound; spinach.
bwuc per pound; turnips, $2(j2.2a per
sack; tomatoes, $2.253.50 per box; cu
cumbers, $1.252 per dozen; peas, 7 10c
per pound; asparagus, $2f2-25 per box;
beans, 9&16c per pound.
POTATOES Oregon, $1$1.50 per 100
pounds; Yakima, $1.501.73; new Califor
nia. 3&4c per pound.
ONIONS Oregon, 75cc$i per sack; new
crop. White Bermudas, $1.75 per crate;
new red, $1.75 sack.
Staple Groceries.
Local Jobbing quotations:
faX'UAR uack basis) Cane, granulated,
6.7c per pound; beet, 6.55u per pouud.
NUTS Walnuts, 30 39c pound: Brazil
nuts. 30c; filberts. 12u; almonds, 24&30c;
peanuts. 8llc pound; cocoanuts, $1.7 J
per aozen.
RICE Blue Rose, 6c per pound; Japan
style, 4c per pound.
BEANS Small white. 6c: pink. 7e;
lima. 7c; red, 10c per pound.
COFFEE Roasted, bulk, lu drums. 140
36 c per pound.
SALT Granulated, barrel, $3.400425;
half ground, ton, fiOs, $10.75; 10US, $19.25;
lump rock, $26.50.
DRIED FRUITS Italian prunes. e
pound; dates, $4.25 86.85 per box; tigs, $2
4y5.25 per box.
Provisions.
HAMS All sizes. 303Sc; skinned. 31 0
36ct picnic, ISc; cottage roll. 28c
BACON Fancy, 4Dtoo3c; choice, 30 O
35c; standard. 23 27c
LARD Pure, tierces, 16c pound; com
pound, tierces, 11c
DRY SALT Backs, 2023c; plates, 16a
Hides. Hops, Etc.
TALLOW No. 1, c; No. 2, 23e
per pound.
CASCARA BARK So pound delivered
Portland.
HOPS 1920 crop, best, 15c per pound.
HIDES Salted country hides, 4o de
livered Portland; grubby hides, 3c; city
calf skins. 12c: country calf skins, 10c;
good kip. 6c; grubby kip, 4c.
WOOL New clip. 1220o per pound.
MOHAIR New clip, lb t 22o per
pound, delivered Portland.
URALN BAOS 9c at country points.
Oils.
LINSEED OIL Raw, In barrels, $1.02,
five-gallon cans, $1.17. Boiled, in barrels,
$1.01; five-gallon cans, $1.10.
TURPENTINE In drums, 92c; five-gal-lori
cans, $1.07.
WHITE LEAD 100-lb. kegs, 13c per lb
COAL OIL Tank wagons and iron bar
rels, 17c; cases, 301p37c. -
GASOLINE Tank wagons and iron bar
rels, 2Sc; cases, 40 c.
SAN- PBANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO. June 21. Vegetables
Asparagus; 4&10c; squash. Imperial, $1
&I.25, small lug; potatoes, $1.752.50;
onions, new red, 75fi83c; green onions,
$1.50ftl.75 box; tomatoes, $1.302 crate,
garlic, 6⪼ peppers, 10$25c; peas, 46
cents; beans, string, 3&6c; lima, 1516c;
beets, $1.752 sack; carrots, $1.25.1.50
sack.
Poultry Hens, 18g3T,c; broilers, 27g29c;
fryers, 3050c; young roosters, 2025c;
old roosters. 151118c; ducks, 25 & 30c; geese,
2530c; Belgian hares, live. 1314c;
squabs, 3oc40c; pigeons, $3 dozen.
Fruit Oranges. Valencia. $3&3.50 box;
grape fruit, $2.504; limes nominal; ap
ples, $12.50 tier;- strawberries, 5075c
drawer; loganberries, 35gi40c drawer; rasp
berries, 85c($1.2.; blackberries, $910
chest; cherries, 510c bulk; apricots, 75c
C1.25 basket; peaches, $1.252 crate;
cantaloupes standard. $1.75&'2;' ponies,
$1.2501.75; flats, 6590c; figs, 6G$1,
single layer box; currants, 90c$l drawer;
plums. $22 50 lug; grapes, $3&3.75 small
lug.
Receipts Flour, 6800 quarters; wheat,
2445 centals; barley, 800 centals; beans,
1027 sacks; corn, 8o0 sacks; potatoes, 1174
sacks; butter. 621 centals; eggs, 50.114
dozen; cheese, 243 renrals; hides. 1090:
oranges and lemons. -Sno Hnves.
New York Sugar Jlarket.
NKW YORK, June 21. Raw sugar c
far ventrlfugal; refined 6.600 ior tins
granulated.
Car & Fy 2.000
do pfd 1100
Am Cot Oil... 300
do nfd 200
Am Drug Syn 1.600 4 4
Allied Chem.. 1.900 87 3(1
Am Hd & Leat 700 10
do Did s. too s
Am Ice 100 54 54
Am Intl Corp 5.000 34 33
Am Linseed... 800 .22 S-'A
Am Loco 3.600 77 i4
do pfd :
Am Paf Razor 1.500 4 4
Am S & Com. 1.000 7 i
Am Smelter.. 2.100 36 34
do pfd
Am Steel Fdy. 1.600 24 24
Am Surar 10.5O0 70 68
do pfd 'u wa e'-m
Am Sumatra. 6.500 4 4-W
Am Tel & Tel 200 107 102t
Am Tobacco.. 4wm 11.1 nm
do B 3.io in inn
Am Wool 22.300 69
do pfd
do-P pfd... 600
m Zinc 100
naconda .... 10.100
Assd Oil 2O0
Atchison 1.800
do Pfd 41K!
At Gulf & W I 10,700
Baldwin Loco 22,900
do pfd
B & Ohio
do pfd
Bet Steel "B"
B R T ...... .
Butte C Z..
Butte & Sup. .
Caddo Oil....
Cal Packing..
Cal Pet
do pfd
Can Pacific
Cen Leather..
Cerro De Pasco
Chand Motor.
C & N W
Chi Gt W
do pfd
Chill Cop
Chino
C M 4 St P. . .
do pfd
Coco Cola....
C & O
Colo F I
Colo Southern
Col G & Elec.
Colum Graph.
Con Gas
Cons Cigars..
Contt Oil
Contl Candy..
Corn Prod....
do pfd
Cosden Oil...
C R I P
do "A" pfd.
do "B" ptd.
Crucible
do pfd
Cuba Cane. . . .
do pfd
Cuban Am Sgr
Del & Hudson
Dome Mines..
D & R G
do pfd
Endl Johnson
Erie
do lt pfd.
do 2d pfd..
Fam Players.
Fed M & Smel
do prd
Flsk Tire 1,300 12
Gaston Wms. . 200 1
Gen Clgan... 500 55
Gen Elec 1.500 126
Gen Motor... 9,200 9
Oaodvear . .
oen Aspnail.. eo.ivo ra
Goodrivh .... 1,400 30
Granby 100 17
Gt Nor Ore... 800 26
do pfd 9.200 64
Greene Cana.. 100 21
Gulf S Steel.. 500 25
Hupp Motors. 100 11
Houston Oil.. 8.300 52
Ills Central.. 100 87
Inspiration .. 1.300 81
In Ag Cor com
do pfd
Interboro ....
do pfd
Inter Callahan
Int Harv
In Mer Marine
76 I Centennial
11
107
16
48
4
87
10
47
B4".
Cop Rge Co. . .
E But COP.
Franklin
Isle Roy Cop. .
Lake Copper. . .
Mohawk
. 7
. 49
.2SO
7
lit
Old Dominion.
Osceola 2.
lOuinev 37
ISuoerlor .1
32lSpr & Bos Mln 1
7 Shannon e"
rtan con an
W inona 40
Wolverine 10
17
2
47
Swift Co. Stocks.
rintlnr nrlcea for Swift Co. stocks at
84lchlcaeo were reported, by Overbeck &
rnnkj. pnmnanv of fortlana as IOUOWS.
Swift & Co
Llbby, McNeil & Llbby 7
vatinnnl Leather 7
Swift International 2.
10,300
700
19.20O
BOO
200
400
200
300
800
200
4.900
5.100
2.100
4.700
1,100
700
100
3.100
3.700
2.800
4.700
3.000
4.600
200
200
900
8.100
400
300
300
200
8,700
4.800
9.700
1.000
1.000
13.S00
4.700
3.700
2,300
200
1.300
100
100
6.800
500
3O0
600
9,000
100
'i.'ioo
200
500
1.500
9,200
500
100
9.300
100
1.300
""ioo
800
1,700
400
S.200
600
36
93
78
"21
66
'34
48
47
10
4
11
10
56
38
70
106
33
25
56
64
7
15
10
21
24
33
26
47
27
31
54
5
83
23
45
1
62
'28
27
70
59
58
"f
29
' 15
91
16
"i
56
12
17
"65
35
1)3
86
"is
62
'81
48
45
10
4
10
10
55
37
on
102
32
24
65
62
7
15
10
70
22
32
23
46
26
31
52
5
81
23
44
1
69
'28
25
69
56
53
"'8
27
13
90
16
"i
53
11
16
"si"
73
9
4
- 7
85
68
24
70
8
44
102
114
113
60
00
26
7
36
93
73
20 M.
64
95
33
48
47
10
4
10
10
65
3R
TO
105
33
25
55
53
7
15
10
21
84'
2tt
47
20
30
43
5
83
23
42
1
61
94
28
Money, Silver, Etc.
NEW YORK. June 21. Prime mercan
tile n-mw au,6iRa ner cent.
Tim, inuia easier: 60 days. 90 days, six
months, 6 per cent uiu money eaoj. xiiK"i
5: low. 8: ruling rate, S; closing bid, 4;
offered at 6; last loan, 5; bank acceptances,
S Ttfr cent-
Bar silver aomesuc, nunci """sn,
59 c.
Mexican dollars, 45 e.
LONDON", June 21. Bar silver. 35 d
ner ounce. Money, 4 per cent. Discount
rates, short bills, 5 per cent.
Foreign Bondti.
Foreign bond quotations furnwhed by
the Overbeck & Cooke company of Fort-
land:
Bid.
.. 14
.. 3?.
. . 15
. . 63
. . 50
Russian 5s, 1921
Russian 5s. 1926
Russian 6s, 1919
French 5a, 1931 ..
French 4s, 1917 ...
French 5s, 1H2U 1-
Italian 5s. 1918 311
British 5s. 1922 3
British 5s. 1927 ..366
British 5s. 1929 3
British vky 4s -8;
British rel 48
Belgium rest 5s 6b
Belgium nrem 5s 71
German W. L. 5s 11
Berlin 4s i'7
Hamburg 4s 13
Hamburg 4s J4
Leipsig 4a 13
LeinsiK 5s 14
Munich 4s J3
Munich 5s J
Frankfort 4s J
JaD 4s ?
Jap first 4s 84
Jap second 4s 84
Paris 6s "'
U K 5s, 1021 0
V K 5s. 1922 ?i
IT K 5 lis. 192!) '
23 U K 5s. 1937 83
Foreign xixenango.
Vain A-vnhuniTA rates at ClOSS of bUSi-
ness yesterday, furnished by Northwestern
Min'ni hank of Portland. The amount
quoted Is the equivalent of the foreign unit
in United fttates tunun
Ask.
16
5
17
64
51
73
40
3S7
376
376
296
273
70
74
12
12
13
14
14
18
14
16
15
69
85
85
99
99
97
88
83
11
1
84
122
9
'44
29
17
26
61
21
25
10
41
87
31
do pfd 2 000
3 500
8.500
800
4.100
200
20 500
5.200
1.700
2.200
700
1.300
400
600
47,400
4.200
7.200
2,000
400
3
10
4
84
10
47
14
60
"ii
3
8
23
"S7
18
9
35
48
109
19
10
"2
Int Nickel ... 2.000
Int Paper 7.000
do pfd
Invincible OH
Island Oil
Jowell Tea . . .
K C Southern.
do pfd
Kelly Spfld ..
Kennecott ...
Keystone Tire
Lack Steel ...
Lee Tire
Lehigh Valley
T.orillard ....
Maxwell Motor
. do 1st pfd..
do 2d pfd..
Mex Pet
Miami
Mid States Oil
Mldvale Steel.
M K & T
do pfd
Mont Power ..
Mo Pac
do pfd .
Mont Ward. . .
M StP & SS M
M & St. L....
Nat Biscuit...
Nat Enamel..
Nat Lead.,..
Nevada Cop. ..
New Haven...
Norfolk & W.
Nor Pac
Nova S Steel.
N T Air Brake
N T Central.
Okla Prod ref
Ontario & W.
Otis Steel....
Pacific Oil 14.400
Pac G & Elec. 1.100
Pan Am Pet.. 11.400
do "B" 3.400
Penn a 3.500
Peo Gas 1.300
Pere Marq... 2,500
Phila Co 700
Pure Oil
Pierce Arrow.
Pierce Oil....
Pitts Coal ....
Pitts & W Va.
do nfd.....
Presd Steel Car
Pullman
Ray Cons.....
Reading
Remington ..
Replogle Steel
Rep I & S....
do pfd.....
Rep Motors. .
Ryl Dutch Oil
Ry Steel Spg.
S A Ind
Sears Roebuck 1,200 72
3
9
4
80
9
44
13
47
"io"
2
8
34
17
9
33
'47
104
19
10
.4.400 18
2.900 SO
1,100 1SS
"466 "io
108
400 46
300 71
700 10
7.000 16
2.800 90
8.100 67
300 22
300 57
2.500 ' 66
2.200 2
500
4.800
8.200
6.900
200
2.900
82
50
46
41
33
46
17
30
. 26
19
10
55
500 65
1,900 95
500
1,300
5O0
1.200
8,700
5.700
300
12
8S
19
18
45
49
75
16
35
17
'16
106
44
70
9
14
8R
63
21
55
64
1
'9
31
. 30
43
39
32
43
15
29
24
18
7
84
64
93
12
60
18
18
43
47
75
'8
58
63
75
9
28
15
91
18
1
35
11
17
12
64
5
22
12
1H
64
128
9
8
47
29
17
26
63
21
24
10
50
87
81
6
36
3
9
4
83
10
47
13
40
90
10
8
8
23
48
36
18
9
S3
25
48
139
8
3
1
103
19
10
22
o
4
48
17
35
18
62
10
107
43
70
9
13
90
66
21
56
65
1
17
9
82
50
45
41
32
46
17
29
28
18
9
54
25
72
64
94
12
62
18
18
44
75
13
48
75
61
10 1
QUOTATIONS ON DAIRY PRODUCE
Market Prires Ruling on Butter, Cheese
and Eggs.
SAN FRANCISCO. June 21. Butter
Extra choice, 37c: prime firsts, 34c; Cali
fornia firsts, 31 Vic
Eggs Extra choice, 28c; extra . firsts,
27c; California firsts nominal; dirties.
2c; extra pullets, 25c; undersized pul
lets, 22c.
Cheese California flats fancy, 18c;
firsts. 17o: California Toung America
fancy, 23c.
CHICAGO. June 21. Butter Easy
creamery extras, 33c; standards, 32c;
firsts. 280i;S2c; seconds, 24&2ic.
Eggs Higher; receipts 24.127 cases;
firsts, 24c: standards, 24 25c; ordinary
firsts. 2021c; at mark, cases included.
22 6 23c
NEW YORK. June 21. Butter Steady
to firm; creamery higher than extras,
34 35c; creamery extras, 33(34c;
creamery firsts, 303Sc.
Eggs Firmer; unchanged.
Cheese Steady to firm; state whole
milk flats fresh specials, 136'16c;
DAILY METEOROLOGICAL REPORT.
PORTLAND, June 21. Maximum tem
perature, 70 degrees; minimum, 60 degrees.
River reading. 8 A. M.. 21.7 feet: change
in last 24 hours. 0.6 foot fall. Total rainfall
(5 P. M. to 5 P. M.), 0 01 Inch: total rain
fall since September 1. 1920. 43.89 inches:
normal rainfall since September 1. 43 50
inches: excess of raiiffall since September
1, 1920, 2.19 Incvhes. Sunrise, 4:20 A. M. :
sunset. 8:06 P. M. Total sunshine June 21.
11 hours 15 minutes; possible sunshine, 15
hours 46 minutes. Moonrise Wednesday.
24 P. M.; moonset weanesuay. u:
A M. Barometer roduced to sea level)
at 6 P. M., 30 15 inches. Relative humidity
5 A. M., 89 per cent: at noon, os per
cent; at 5 P. M.. o. per cent.
THB WBATHKR
J,- 2: WJild
a" ?- s
STATIONS. c 1 3-? i S Weather.
e3 ca : o
S S 3 I g T P
state whole milk twins specials, 15 0
16c.
SEATTLE, June 21. Wholesale prices
to dealers:
Eggs Select, local ranch, white shells,
28c: do mixed colors, 26028c: pullets, 23c.
Butter City creamery cubes 34c; bricks
or prints, 35c; country creamery extra
cost to jobbers, in cubes 30c.
Metal Market.
NEW YORK, June 21. Copper steady;
electrolytic, spot and nearby 13c; July
and August, 13ei3c.
Tin Easy; spot and nearby 28.750
29.25c; futures, 28.75r29.O0c.
Iron Nominally unchanged.
Lead Steady; spot 4.50c.
Zinc Quiet; East St, Louis, spot 4.450
4.50c.
Antimony Spot 5.12S5.25C.
Dated June 1, 1921 Due Serially, 1 to S Years
Interest payable semi-annually, June 1 and De
cember 1. Coupon bonds in denominations of
$1000 and $500, register-able as to prin
cipal. Callable at 105 and accrued in
terest on 60 days' notice, in
numerical order.
United States National Bank, Portland, Trustee,
The Bonds Are a Legal Investment
For Savings Banks in Oregon
These bonds are secured by a closed first mnrtziige
on improved inside business propi-rty in Portland.
Oregron. of a conservative present value In exi'ess of
$62.r.. 000.
These bonds are unconditionally guaranteed, both
as to principal and interest, hy Alexander Pantages
and Lois A. 1'nntaees. his wife. The net worth of
the sruarantora is in excess of l4.0nfl.00o. Their net
earnings from all theater operations for the year
1920 were in excess of IsOO.OuO.
To Yield 87o
Bond & Goodwin Tucker
UNITED STATES NATIONAL BANK SintDINC
fUKILANU
I qsA.Ni ,rtii
Naval Stores.
SAVANNAH. Ga., June 21. Turpentine,
firm, 50c; sales, 756 barrels: receipts,
5::l barrels; shipments, 66 barrels; slock.
&08 barrels; sales. 100 barrels.
Rosin, firm; receipts, 2116 barrels; ship
ments, none; stock, 78.108 barrels; sales,
750 barrels. Quote: B, f.1.Kfl; D. S3 60;
E, F. 1.1. HO; G, H. S3 70; I. 13.75: K, ft 05:
M, $1.60; N, 13.13; WO, S5.S0 WW, J6.45.
Dried Fruit at New York.
NEW YORK, June 21. Evaporated ap
ples, nominal; prunes, steady; peaches,
quiet.
Duluth Linseed Market.
DULUTH. Minn., June 21. Linseed on
traok and arrive ll.ssu.
Country-Foreign unit- Rate.
Austria, kronen -uo-8
Belgium, francs OMO
Bulgaria, leva 0128
Czecho-Slovakia. kronen 0145
Denmark, kroner .ii.su
England, pound sterling 3.7i2;i
Finland, finmark 0175
France, francs .08 15
Germany, marks .01 .-0
Greece, drachmas .0632
Holland, guilders H353
Hungary, kronen ""
Italy, lire 0510
Jugo-Slavia, kronen .0086
Norway, Kroner .ii.iu
Portugal, escudos .1455
Roumania, lei .OHIO
Serbia, dinara 0300
Spain, pesetas .1340
Sweden, kroner 2250
Switzerland, francs 1705
China-Hongkong, local currency 5050
Shanghai, taels nioo
Japan, yen 4833
NEW YORK, June 21. Exchange heavy:
sterling demand, 13.74; cables, $3.75.
Francs, demand 8.00: cables, 8.02. Bel
gian francs, demand 7.92; cables, .7.94;
guilders, demand 33.12; cables, 33.22. Lire,
demand 5.00; cables, 5.02. Marks, demand
1.42; cables, 1.43. Greece, demand 6.20.
Sweden, demand 22.35. Norway, demand
14.32. Argentine, demand 30.63; Brazilian,
demand 11.30. Montreal 10 per cent discount.
Coffee Future Decline.
NEW YORK. June 21. Weakness in Rio
exchange rates seemed to make an un
favorable impression In the market for
coffee futures today, and there was a
further decline in prices. July liquidation
was mostly in the way of switching to
later months, but it had a .depressing in
fluence on the decline which carried Sep
tember contracts off to ttc compared with
7.21c, the recently high level, and 5.85c,
the low record of the season. Closing
Baker SO 8410.001. . Nv it'lear
Boise I 58 88'0.00!.-.INWClear
Boston 641 8SiO.0O12:sW ICIoudy
Calgary ....... 84 O.IIO1 . .IW Pt. cloudy
Chicago ...... 82'0.0OI..N Clear
n.r 52 74 0.00 . . NE Clear
Des Moines. I 641 92 0.00 . . IW IPt. cl6udy
Eureka I 52 62:0. 0014. N Clear
Galveston .1 801 84 0.00I14IE IClouily
Helena I 54i 820.00l.JW IClear
liinnant ... K2 78 0 . 01 i . . E Clear
Kansas Cltv 70 88 u.oill . . IK 1't. cloudy
Los Angeles! 601 82 0.O0I. . SW IClear
Marshfleld 561 66 0 .04! . . NWIClear
Minneapolis 641 86 0 .001 . . ISVV IClesr
New Orleans 78, 90 0. 1 ll . . ISE ICIoudy
New York.. 60 8S0.0024ISW IClear
North Head 62 1 60:0. IOH61N WIClear
Phoenix I 66 108 0. 001 .. SW IClear
Pocatello ... 481 8210.001 . .!NWlClcar
Portland 60 70 O.OlllOINWIClear
Rosoburg .. 54 8410.00! .. INWICIear
Sacramento 72' 104 '0 . 00 14! N WIClear
St. Louis... 72 90 0.00:10!S IPt. cloudy
Salt Lake.. 54 80 0.00'12'N"WClear
San Diego.. 60 S0 .00! .. SW IClear
S. Francisco 64 90 0.00..fW ICIoudy
Seattle 56 6610.021.. IN Clear
Sitkat es'o.oo'. .1
Spokane ... 5S! 80 O.0OI12 SW Cloudy
Tacoma .... 56 6 0.02'..!NT IPt. cloudy
Tatoosh Isd. 52' 00 0.02 12. W IClear
Valdezt I 44I6S 0.00I..IKW ICIoudy
Walla Walla 661 86 0.00I..1W Pt. cloudy
Washington 621 90 0. 00! .. ISW IClear
Winnipeg .. (12! 80 0.1OI16 W IPt. cloudy
Yakima 50 860.00jl0W IPt. cloudy
tA. M. today. P. M. report of preceding
day.
1
What Stocks
Should Be First
To Discount
Improved
Conditions?
We have prepared data on
several medium- and low
priced stocks of outstand
ing speculative merit that
should be in line for price
betterment with improve
ment in general conditions.
Complete information can
be had without cost by
merely writing for Circu
lar PG-57
&RRLE5lirii.RK5DN&J
66 BROADWAY NEWYORKj.
. TEL:B0WUHo GREEK 4020-2af
8
Cheap money
is as inevitable as death and taxes
The New York Federal Reserve Bank has made the second cut
within two months in its discount rate now down to 67c
Call money went begging- last week at Vifc
Do you know anything about the history of money during wars
and following wars? We have a valuable financial library which
is at your service.
The Rothschild's immense fortunes were started following th
defeat of Napoleon through buying long term bonds at low prices.
Greater opportunity exists now and your profit will be limited
only by the degree of advantage you take from historical precedent.
We will assist you if you will permit Call and consult our refer
ence liDrary.
Ask us about the
a
United Drug Co. 20-year 8's at 100 to yield 8
Due June 15, 1941. Callable at 115
Denominations $100, $300, 1000.
This is the great company that manufactures the "Rcxall" products.
Call or phone for full details.
Freeman, Smith & Camp Ca
ounb noo
LUMBEHMCNsI BUILOIN
FIFTH AND STARK
WAT 740
i i.i i k.
MITUIIS
UN rANClC
:::i:::;:::::i:::!-n::
FORECASTS.
Portland and vicinity Fair and con
tinued warm; northwesterly winds
Oregon and Washington f air and con
tinued warm: gentle northwesterly winds.
I !H UILJ1
Property I
It 3 a.
management
OUR NEW
QUARTERS
are modern and
up to the min
ute. And our
location, Second
and Stark, is
very convenient
for you.
H0URS-8 A M TO 530 PM
S ATU RDAYS-8 AM TO 8 PM.
1
J
HERRIN & RHODES, Inc.
(Established 1806)
BROKERS
MEMBERS CHICAOO BOARD OF
TRADE.
Private Wires Dire-t All Secur
ity and Commodity Markets.
Local and Lnlisted Securities.
Quotations and Information Cheer
fully Furnished.
LIBERTY AND VICTORY BONDS
BOl'GHT AND SOLD.
Main 283 and 2K4.
2O1-S05 Railway Exchange Bids.
Safeguard
Your
Investments
THE selection of se
curities pure h a s e d
and offered by the bond
department of this bank
is based on a thorough
knowledge of intrinsic
values and fundamental
conditions. No company
could possibly offer a
greater degree of Safety
to the investor.
BOND DEPT.
LADD & TlLTON
Bank
Oldest in the' Northwest,
WASHINGTON AT THIRD
History Will
Repeat Itself
Post-war conditions of today. Insofar th bond market 1 con.
corned, are no different than they have always been after huge
conflicts except in the matter of degree. Prices always drop yields
increase and that's the time investors buy and upon recovery
reap high profits. We unreservedly recommend
6'i Improvement Bonds
Income Tax Exempt
City of Idaho Falls
Idaho's fourth largest city. Wealthy, backed by l.non,nn-cr
farming region. A bond that Is a legal Investment for Oregon
savings banks. Denominations 100, J000, $1000.
PRICE TO YIELD T?o
10-Year Improvement
7 Bonds
SO-Vear Tt
Non-Calllle Kxtrrnal Gold
Loan Honda
Greybull, Wyoming French Republic
The site of the great oil re
fineries of the rich Wyoming
fields. Also a railroad citv and
the center of a wealthy farming
region. Over $1,000.1100 security
for this $75,000 Issire.
YIELD 77.
After France's defeat bv Prus
sia 50 vears ago her bonds went
far b'low par. then ro above
it. History will repeat llaolf,
particularly aa she is now m
victor.
PRICE l.", YIELD OVIOR "
IjTJMJBE RlMEN s
rfhxrs x (omtany -BANK.
BROADWAY and OAK
Manufacturers and Wholesalers
Are you in need of a high-class office execu
tive? I have had ten years' experience as ac
countant, handling credits, income tax returns,
and problems pertaining to commercial law. If
you are in need of such a man, communicate with
BF 775, Oregonian.
Save Freight
time and mistakes in shipping
by having Bullinger's Postal
and Shippers' Guide for tho
United States and Canada.
You are then ASSURED of find
ing the proper routing and ALL.
the little places on rail and
water lines. The authority for
50 years. Over 1200 pages.
Delivered anywhere for $3.
Write the publishers,
"Bullinger," Boston, Mass.
Municipal and Provincial Bonds
We offer for investment of your June and July funds- a select list of
Foreign and Domestic Bonds yielding
6 to SVz
V Descriptive circulars upon request.
WESTERN BOND & MORTGAGE CO.
Ground Floor. Board af Trade Bnllding. Mnln 1!3
TREKT I
PORTLAND, OREGON
hO VOl RTH STI
1