Morning Oregonian. (Portland, Or.) 1861-1937, June 24, 1921, Image 21

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Morning Oregonian., June 24, 1921, Page 21, Image 21

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Newspaper Page Text21 TnE MORNING OREGONIAN, FRIDAY, JUNE 24, 1921 OREGON EGGS 1 FAVOR YORK Best Outlet for White Stock From Pacific Coast. trade materially, but there was no Im portant ch&na-e in prices. Strawberries, however, were poor sellers, as the horns c&nninr demand apparently has been sat isfied. Receipts were large and the quaM Ity of most of the arrivals poor. Fancy Bins and Lambert cherries were steady at 13 cents. N . Increase in Wheat Shipments, Wheat shipments for last weelc and the same week last year were: Wk.Ending; WTc.Ending Jne.l8.'2l. Jne.iy,20. . 8.0:12.000 6.01H.0O0 . 1.0J7.000 3,tfS1.01)0 IT. S. and C-nfld&. Argentine. A uu trail a . OVERSUPPLY NOT FEARED Manager-Upson of Co-operative As sociation Believes Storage Deal (This Season Will Be Profitable. V. L. Upson, manager of the Pacific Co operative Poultry producers, haa returned from a trip. to New fork and other eastern cities, made for the purpose of gathering first-hand information of marketing con ditions. While in New York Mr. Upson appointed the Lewls-Mears company as ales agent for the producers, succeeding George E. Cutler. One reason for the trip was to investigate the possibility which had been advanced that, with the increased volume of eggs from all associations the Pacific coast. New York was liable to become overstocked with this class of egga Mr. Upson said: As a result of my Investigation I am convinced that there ts no immediate like lihood of such a glut on the New York market and I am further convinced that New York is. and will remain for several years, the beat possible outlet for Pacific coast white eggs. In Investigating these Questions I visited Boston. Providence, Washington. Detroit and Buffalo and in each of these cities I found that the best nrices that we could hope to obtain on our egga would be considerably below the nrlcea which are obtainable on the isew York market. In other words, these mar kets are not as yet educated to the value of a high-grade egg of uniform quality. However, the Petaluma association is stor ms- In some of these cities a few carloads of sterilized white eggs and la experiment ing with these markets on storage packed egga The result of this experiment will Kj. rinaelv watched and if it is found at any time that the other markets are avail able, advantage may be fact. "In Washington, r. C I called upon the Oregon delegation in congress and found that they are all heartily supporting the legislation which our association la advo cating and the waya and means commit tee was working on the permanent tariff bill and it Is believed will include a tariff on Just what this tariff will be it la impossible to say at this time, but from what I could gather. I think it will be nmewhat between 8 centa and 10 cents per doxen on eggs in the shell and pro nortlonatelv for dried and frozen .egga The Petaluma association haa one of It! directors, Knox ftnude. In Washington to keep In touch with the- work of congress. which also haa under consideration a coia storage bill which haa been approved by the National Poultry, Butter Egg elation. The government reports show that on Slay 15 there were in storage approxi mately 2.000.000 cases of eggs more thaa. were In storage on the same date last year. On June 4 this excess had been re duced to approximately 750.000 casea and "the same reporta show that the consump tion of eggs is considerably above that or the previous year. Again the reporta show that the production of eggs haa rapidly "fallen off in the last month and is con siderably below normal at this time. As an. example, the government reports show Totals 12.0U9.000 10,223,000 Shipments for the season to date com pare aa follows: - Total Since S"me P"rtod July 1. '20. .427,401. OoO SI. 402.000 lN 77.MoO.iwo . 10,738,000 U. 8. and Canada Argentine ....... Australia Others STOCK MARKET REACTS DECLINES PARTLY REDUCED IX LATER DEALINGS.' of Lower Discount Rate of Bank England Is Without Effect. Bonds Generally Easier. XEW YORK, June '23. The stock exchange- today proved indifferent to an' nouncement of a reduced discount rate by the Bank of England. Reactionary force; again dominated and many new low rec 1,842,000 Totals . .507,431.000 608,033,000 Large Gain in Butter Holdings, Butter holdings in storage in the United States on June 1 were 8.802,000 pounds more than a year ago. The government statistical report makes the following com pan son: June 121. Creamery bnter. lbs. . . il ,74.ono American cheese, lbs. .17.7ttUmO ggs. cases G.S4U.U00 Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearlnirs. Portland 5.1ij,Hi6 Seattle . O'M.-SS Tacoma. 371, 224 Spokane 1,742,21$ Sugar Ten Cents Lower. Local jobbers pot Into effect another 10 cent decline in sugar, listing cane granu lated at 1 6. 55 and beet at ?G.33 a hundred. rORTLAXD MARKET QUOTATIONS Grain. Flour and Feed. Merchants' Exchange, noon session; Last Sea'n. una iinrt "!-'i-Kiiim I ords were established. "l)0 4."ii om) Foremost among these were United several, junior motors ana tnetr suosiaia ries, American International, Virginia-Car olina Chemical common and preferred, In dustnai Alcohol and Sears KoebucK. Domestic developments. Including add! tfonal dividend omissions and curtailment of production In basic industries, encour aged shorts to increase their commit ments. Extreme recessions in steels, equip' ments, motors, oils and affiliated special ties ran irom one to live points. In the more obscure stocks and among rails losses of one to three points were partly retrieved on the short covering of the final hour. United States Steel made up all but a fraction of its decline, but Mexican Petroleum, strongest of the lead ers, forfeited the greater part of -its three points gain. Sales were 825,000 shares. The Money market was featureless, all call loans being made at 5 per cent, with no cnange in time rates. . International remittances evinced fur ther reactionary tendencies. Dutch, Ital ian, Danish and Greek bills were most un settled, at losses of 15 to 25 points. In the bond market most changes were lower. The liberty group was Irregular, but speculative rails and industrials showed nominal declines. Mixed gains and losses were made by international issues. Total sales, par value, $12,375,000. June 1,'20. 12, R72,(M0 13, r02.0O0 u.143,000 Balances. $1,404,420 1,08:1.187 4'.,.KiS T4J,l4p -Bid- 28.00 27.00 23.00 Wheat June. July. Aug. Hard white $1.-1 SI. 15 SI. 15 Soft white 1-13 1.13 White duo 1.13 1.13 Hard winter 1.13 1.13 Northern spring 1-13 1.13 Red Walla 1.10 1.10 Oats No. 2 white feed... Corn No. 2 E. T. shipment.. 31.50 31.00 0.00 FLOUR Family patents. $8.ti0 per bar rel; whole wheat, $7; graham, $6.80; bak ers hard wheat, $8.25; bakers' bluestem patents. $7.75: valley bakers 17.25: straights. $7.23. MILLFEKD Prices f. o. b. mill: Mill- run. $34 per ton; rolled barley. $36q)38; rolled oats, $40; scratch feed, $52 per ton. CORN Whole, $40; cracked, $43 per ton. HAT Buying price f. o. b. Portland; Alfalfa, $18 per ton; cheat, $22023 per ton; clover, $15 per ton; valley timothy. $4; eaatern Oregon timothy, $20, Dairy and Country Produce. BUTTER Cubes, extras, 30c per pound prints, parchment wrapped, box lots, Soc cartons, Sbc. Butterfat, buying price grade, 29c; B grade, 27c, Portland de livery. LUGS Case count, 23 24c; candled ranch. 27c; selects, 29c, CHEESB Tillamook triplets., price to Jobbers t. o. b. Tillamook, 19c; Young Americas. 30c pound. ruuiri.i Hens. loa25c pound: ducks, young, JOc; geese, nominal; turkeys, nooi inai. PORK Fancy, 13c per pound. VEAL Fancy, 12c-per pound. CLOSING STOCK QUOTATIONS. (Furnished by Overbeck & Cooke com pany. Portland.) saie. Mtcrn. i.ow. 700 304 35 1,300 22 21 H 1.100 1 1 3,000 30 28 100 2,500 27 25 1.1)00 34 H 32 2,200 24 -V 23 GOO 117 'i 116 Fmlts and Vegetables. FRUITS Valencia . oranges, $4.255.75 per box; lemons, $7.50q8.75: grapefruit, $33)11 per box; bananas, llHHo pound apples, $1.503 per box: strawberries, 75c i1.2o crate; cherries, Otyloc per pound cantaloupes, $3 ftp 4 crate; peaches, $: 2.25 per box; watermelons, 3 ft d 4c pel pound; goosberries, o&Tc per pound; apri cots, $3 lug ; pi urns, $2.25 2. 75 per box raspberries, $2.2502.75 per crate; honey dew melons, $2.50 per crate; loganberries. $1.75 per crate. VEGETABLES Cabbage. 8C pound lettuce, $202.75 per crate; carrots, $2.50 per sack; garlic, 10 0 25c per pound: beets, $2.50 per sack ; green peppers, 30c per pound; rhubarb, 007c per pound; spinacn. v,-. ri,.Hnff h wnek endina- June 4. 1921. etac Pr pound: turnips, $202.25 per .,, in..sack; tomatoes, $203.50 per box cumbers, $102 per dozen ; peas, 700c per pound : asparagus, $2 0 2.25 per box beans, V 01 6c per pound. POTATOES Oregon, $1 01.60 per 100 pounds; Yakima, $1.5O0L75; new Califor nia. 3"43c per pound. ONIONS Oregon. 75c0$l per sack; new crop, Wbite Bermudas. $L75 per crate new red, $1.75 sack. there were 148.236 cases of eggs put into cold storage in the five principal markets as against S37.748 cases put In during the corresponding week of 1920 and I "firmly believe that on July 1 of this year the toraare holdings of eggs in the United States will be little, if any, higher than on July 1. 1920. If this is the case there Is every prospect for a good market during the coming year. "The number of laying fowls In the United States at this time is considerably lower than at this same time last year and the number of pullets to be raised this vear is" Terr appreciably lower. A great many poultry men and farmers have I per dozen. Staple Groceries Local lobbinr Quotations: SUGAR 4 sack basis) Cane, aranulated. 0.00c per pound: beet. 6.3:c Der pouna. NUTS Walnuts. 2032c pound; Brazil nuts, 18c; filberts. 12c; almonds, 24030c peanuts, 8011c pound; cocoanuts, $1.75 sold large numbers of their laying fowls and have neglected to hatch and rear as many pullets as they did last year with the result that the production during the fall ad winter will be considerably lower than during fall and winter of 1920 and 1921. Furthermore, owing to the low prices which have prevailed, the consump tion this year has been very materially in creased and we should have a very great consumptive demand for eggs up to the time when we begin to withdraw eggs from storage. In am, therefore, very hope ful of the outcome of our cold storage activities. It is true that most of the eggs which we are holding are comparatively high-priced stock but we must remember that we had the choice of either putting the eggs into storage at these high prices and thus maintaining the markets for little longer period or for seHling them at a lower price and thus help to reduce the market more rapidly. If we succeed In disposing of our holdings without loss, we axe in reality gainers by the transaction. RICE Blue Rom, 60 per pound; Japan style, 4c per pound. BEANS Small white. Oe; pink. 7c lima. 7-ic: red, 10c per pound. COFFEE Roasted, bulk, la drums, 14 0 36 Ho per pound. SALT Granulated, barrel. $3 40 0 4.25 half ground, ton. fiOs, $19.75; 100s, $19.25 lump rock, $26.30. DRIED FRUITS Dates, $5.5007 per box; figs. $205.25 per box. HONE Comb, new crop, $8.50 per caae. 2tt0ittc delivered SMALL INTEREST IN WHEAT MARKET Bids for White Grades Reduced Two to Thre Cents. There was not much change In the wheat situation here or In the country. Trade was of small proportions. Offerings of hard white, soft white and club were in excess of the demand and bid prices were reduced 2 to 3 cents. There was some Inquiry for hard white, northern SDring and red walla, and August bldi were 1 cent higher. Coafse-grain prices j were unchanged. L Count reported from Watertown, S. D.: "Through this-territory conditions are Improving since the rain, but consid erable highland crop has been badly dam aged by drouth. General conditions about the average. Weather very unfavorable. No signs of rains. Van Duzen's report from Harrington said: "The past week has been a trying one for the grain crops of the northwest. Dry weather has caused considerable de terioration in parts. Some few reports of black rust, but not serious." Terminal receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat.Barley.Flour.Oats. Hay. Portland Thursday .... 135 Year ago 13 Season to dte. 20.70 Ytar ago 9,423 Tacoma Wednesday ... 20 Year ago .... 2rt Season to dte. 5.0.T4 Yer arro 7,418 Seattle Wednesday ... 16 Year ago 15 Season to dte. 4.753 Year ago .... .H4 109 116 230 256 7 11.-4 fi?l 4022 5S2 1 2 7 1 10.11 If 331 1S3 3 1 1 . . 652 512 1200 666 5 4 2,V4 204 PrtI 853 1534 1248 SWEET BUTTER AGAIN IN DEMAND Market Is Firm With Further Orders From California. The cube butter market held firm at SO cents for extras. There was demand from California for sweet as well as salted butter. Local print trade dragged. With the warmer weather the local job bing trade in eggs was slower. Prices were not materially changed. Poultry was not so active as before prices advanced and the market had an easier undertone. Dressed meats wer steadier than for some time past. Veal sold at 12 cents and pork at 13 centa Warm Weather Helps Fruit Trade. The warmer weather heir the fruit Provisions. HAMS All sizes, 30036c: skinned, 310 Stic: picnic. 18c: cottage rolL 28c BACON Fancy. 43053c: choice, SOO 85c; standard. 2502ic - LARD Pure, tierces, loo pound; com pound, tierces. 11c UK salt Hacks, 2O0L'3c,piaies, isc, Hides, Hops, Etc. TALLOW No. 1, 4c; No. 2, per pound. CASCARA BARK 00 pound Portland. HOPS 1920 crop. best. 15c per pound. HIDES Salted country hides, 4c de livered Portland; grubby hides, 3c; city calf skins, 12c; country calf skins, 10c; good kip, 6c; grubby kip, 4c. WOOL New clip, l202Oc per pouna. MOHAIR New clip, 18 0 22fea per pound, delivered Portland. uaaxa bags vc at country point a . oils. LINSEED OIL Raw. in barrels, $1.02, fie-gal!on cans, $1.17. Boiled, in barrels $1.0-1; five-gallon cans, $1.19. TURPENTINE in drums, V2c; rive-gai- lon cans, $1.07. WHITE LEAD 100-lb. kegs. 13c per lb COAL OIL Tank wagons and iron bar rels. lTHc: cases. 30037c GASOLINE Tank wagons and iron bar rels, 28c; cases, 40 c. VOLUME OF RETAIL SALES GREATER Value Reported to Be 4.1 Per Cent Less Than' Year Ago. SAN FRANCISCO. June 23. Wholesale prices in the 12th federal reserve district during May continued on the downward trend in hardware, drugs, groceries, sta tionery, automobile tires and automotive equipment and supplies, according to a re port made public here today by John Per rln. federal reserve agent. Prices were reported steady by dealers in- dry goods. furniture and shoes. "Present wholesale price quotations are 20 to 50 per cent lower than those of a year ago for furniture, 20 to 40 per cent lower for shoes and 10 to 30 per cent lower on drugs, groceries, stationery, auto. mobile supplies and dry goods, the port said. Wholesalers in all lines report retallem generally are now basing their prices to me consumer on present replacement pnti at wholesale, although there are some in stances 01 aeiayea price readjustments. Retailers of the district report that dur ing May value of sales was 4-1 per cent less than May of 1920. but the volume of sales is probably greater, inasmuch as prices are reported 10 to 35 per cent below Naval Stores. SAVANNAH. Ga.. June 23 Ti.h.' firm. 51c; sales 253 barrels; receipts, 429 barrels; shipments. 13 barrels: .i.l. 8503 barrels. Rosin Firm. Receipts. 111 .od. shipments, none; stock,' 74.1)83 (-asks; sales I4tj casKs. wuote: B. 3.50fr : t.711 r $3.00ti3.67V4; E, $3.G5fii3.72; F, $h 70 G. $3.75; H, $3.803.82 ; I, $3.85: ' k! $404.1246; M, $4.50r4.67H ; N. $505.224: NEW quiet; middling. Cotton Market. YORK, June 23. Spot 13c. Duloth Llnsred Market. DUL.TJTH, June 23. Linseed on track and arrive. J 1.88. Art Chem . .. Ajax Rubber.. Alaska Gold.. Alask Juneau. Aliis Chal .... do pfd . .... Am Beet Sug.. Am Bosch ... Am Can Am Car & F.. do Did Am Cot Oil..'. Am Drug Syn. Allied Chem.. Am Hide & L. do Dfd Am Ice Am Int! Corp. J!,,K0 Am Linseed... 1,900 Am Loco .... Am Sat Razor Am Ship A C. Am Smelter. . . Am Steel Fdy. Am Surar . ... do pfd Am Sumatra.. 15,JftO Am TAT 4110 3..VI0 SM) () 3D0 2.fm 3I0 400 4,H0 .".no 10,200 1 4"4 3H 9H 47Mi 3,i 73 4 7',, 34 23 '. 71 ii 15 4 33 '4 4B r,3 29 21 74 4 7 32 241, 6S1 Am Tob do B .. Am Wool Am Zinc . Anaconda Assd Oil . Atchison . do pfd 4.200 l.son 600 10.800 200 9,200 'i.'o'oo 100 48 14 1112 11 1144 . 8714 33 454 10214 114 114 . 64 7 34 78 77 At Gulf (WI 12.700 22 14.600 6.200 11.000 1.700 " 200 200 100 'i.Vn'6 6.200 . 2.500 400 3, nvo 700 2.100 .100 4. (tn0 1.600 1.700 2.600 1.3O0 4.A00 400 300 800 800 200 Bald Loco Balto & Ohio.. Beth Steel B. B R T Butte C Z. . Butte A Sup.. Caddo Oil Cal Packing... Cal Pet Can Pac Cen Leather.. Cerro de P. . .. Chand Motor.. Chi & N W Chi Gt West.. do pfd Chill Cop Chlno C M St P do ptd ..... Coco Cola .... C A O Colo F & 1 Colo Southern. Colo G E... Col Graph ... Con Gas . . . . Con Clears ... Contl Can .... Contl Candy.. Corn Prod ... Cosden Oil ... C R I & P do A pfd... do B pfd.... Crucible ..... do pfd ..... Cuba Cane ... do nfd Cub Am Sug.. Del & Hudson. Dome Mines. . D R G do pfd Endi Johnson. Erie do 1st pfd. .. Fam Players.. Fed M & Sm.. do nfd Flsk Tire .... Gaston Wms.. Gen Cisars ... Gen Klec ..... Gen Motor ... Goodyear Gen Asphalt.. Goodrich ..... Gran by Gt Nor Ore. ... do pfd Greene Can .. Gulf S Steel... Hudd Motor .. Houston Oil .. Ill Central ... Inspiration . . . Int Agr Corp. Interboro Intr Callahan.. int tiurv .... Int Mer Mar.. do pfd Int Nickel ... Int Paper .... Invin Oif .... sland Oil Jewel Tea . . .. K C S out hern do pfd ..... Kelly-Spgfld .. Kennecott . . .. Keystone Tire. L.acK steel . .. Lee Tire Lehigh Valley. .orlllard L & N Maxw Motor.. do 1st pfd do 2d pfd... . . Mex Pet 37.80"V Miami 40ii Mid States Oil 10.100 Yl 63 34 43 4 '4 10 10 83 3S 104 33 25 S2'4 60 7 13 10 21 26 li 35 27 47 28 31 55 5 82 19 63 3:i 41 4 10 10 S3 36 102 32 24 4 60 , 6 13 10 20 23 34 26 46 26 30 82 800 i S.100 62 fit 2.900 . 28 27 7.200 27 26 500 70 " 70 4.400 f A8 22,400 65 61 "2.V06 's 's 2,500 25 25 400 14 14 "2,300 "ie' i5 "Vo'o "i "'i 4.600 S6 54 3.200 1 1 1 1 1.100 17 16 4,700 67 56 Voo '.'.'.'.I 500 12 11 "Voo 54 54 4.4O0 125 121 5.400 10 9 35,000 2.000 "i.iod 2.300 300 200 1.700 4.50O 200 500 "Voo 500 2.800 500 400 1,600 4.400 2.000 2,000 200 2,200 . 1O0 4.300 2.600 200 1.900 700 300 8O0 400 200 48 64 21 27 11 51 88 '31 "3 4 83 10 46 13 51 11 3 4 27 25 63 21 27 10 88 31 "3 4 82 10 48 13 48 10 2 23 22 37 18 9 84 25 47 ...... 108 3 35 17 9 32 25 47 167" 3 Midv 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 .... Nev Con New Haven... Nor & West. . Nor Pac Nov Sco Steel. Y Air Brk.. y Central.. Okla Prod ref. Ont Silver ... Ont & West. .. Otis Steel Pac Oil Pac G & E. . . . Pan Am Pet. do B Penna Peo Gas Pere Marq . .. Phila Co Pure Oil Pierce Arrow. Pierce Oil Pitts Coal .... Pitts & w Va. Pr Steel Car. Pullman Ray Con Reading Remington . . . Repiogle Steel. Rep I & S Rep Motors. . . Ryl Dutch Oil. Ry Steel Spg. S O Ind Sears Roebuck 15,200 Shattuck Ariz. 100 0O0 300 1.900 1.200 200 400 900 300 500 1,900 700 4.700 " 'Voo 400 1,000 100 100 100 9,200 600 7.800 1.7O0 3.600 900 800 500 3.800 13.900 1,300 700 900 1.200 1,100 500 4.800 . 100 200 6.1O0 300 10,200 300 112 19 10 22 . 2 17 36 17 43 71 10 15 90 66 'is'" 68 I 16 34 51 48 43 82 46 16 30 25 17 8 54 25 66 94 12 63 43 13 5, 75 108 19 10 22 2 16 33 17 Bid. 35 21 '.4 1 28 71 25 33 24 117 109 15 4 36 9 46 83 30 21 74 4 7 33 24 70 89 46 102 114 114 65 8 85 93 77 75 21 63 33 42 9 4 10 10 55 87 104 32 24 50 60 6 20 23 84 26 46 25 30 04 4 22 42 1 62 27 25 70 58 82 75 8 25 14 92 13 1 55 11 16 55 5 22 11 7 54 122 5 17 23 63 27 10 48 88 31 6 3 4 83 10, 46 13 ,48 3 8 22 49 33 17 9 81 47 140 108 3 3 110 19 10 22 2 4 48 17 34 do 1st pfd... S Smelting. S Steel. ..... do pfd Utah Cop .... va cnem .... Van Steel . . .. Vivandou .... Wabash -do A pfd. ... Wells Fargo. .. West Pac .... West Union . . Westh A B... Westh G A M. West Md .' Willys-Ovid .. do pfd ..... Wilson Pack.. Wis Central.. Woolworth ... Worth Pump.. W & L E 300 SOO 75,200 300 8.000 2.600 1,200 200 1.300 1.2O0 91 . 28 71 106 47 25 26 6 7 19 91 28 70 105 46 23 25 6 7 18 5O0 200 22 22 88 87 4,100 1,400 1O0 200 300 43 30 7 28 109 41 41 29 6, 26 109 40 91 28 70 108 46 24 7 18 54 22 87 89 42 2 6 27 80 28 109 . 40 8 U S 2s reg. . do coupon U S 4s reg. . do cv cou Pana 3s reg. do coupon Am T & T cv 6s 97 Atch gen 4s. ... 74 BONDS. .100 .100 .104 .104 7o 75 NYC deb 9s... 87 Nor Pac 4s '73 do 3) fi Pac T & T 6s..83 Penn 4s 8 S P cv Ss '84 iSou Ry 5a. 80 u e 4s ( JIT CXDERTOXE OF LA.MB MARKET IS REPORTED EASIER. D & R a con 4s 62 IU S Steel 6s. 94 Xlberty Bond Quotations. Range of liberty bond quotations, fur nished by the Overbeck A Cooke company of Portland: High. Liberty 8 87.60 Liberty first 4s Liberty second 4s Liberty first 4s 87.48 Liberty second 4s ....88.80 Liberty third 4s ...... 91.40 Liberty fourth 4 'AS 86.92 Victory 4s 98.42 Victory 3a 98.42 Low. 87.40 87.38 86.70 91.28 86.84 98.26 98.40 Close. -87.42 87.32 86.6: 87.42 86.72 91.30 86.88 98.40 98.40 Mining Storks at Boston. BOSTON, June 23. Closing quotations: Alloues Aria Com. . . . Cal & Ariz.. Cal & Hecla. Centennial .. Cop R Con Co. . 20 7 44 North Butte... I Old Dominion.. Osceola ouincv 7lsuperior 32ISup & Bos. E Butte Cop M 7IShannon .. Franklin lIUtah Cons Isle Royaile (C) 63Winona 8 19 25 36 3 1 80 8 .0 Mowhawk ...... 46IWolverine 10 Swift H Co. Stocks. Closing prlcea for Swift Co. stocks at Chicago were reported by Overbeck & Cooke company of Portland aa follows: Swift & Co 90 Llbby, McNeil Libby....... 7 National Leather 6 Swift International 23 Money, Silver. Et. , , NEW YORK, June 23. Prime mercan tile paper, 6 to 6 per cent. Time loans, steady; 60 days, 90 days ana six months, 6 per cent. Call money, easy; high, o; low, o: rul ing rate. 5; closing bid, 4: ottered at ; last loan, 6. Bar silver, domestic. B9c; foreign, 58e. Mexican dollars, 44 c. LOjrDON, June 23. Bar silver. 85 d per ounce. Money. 4 per cent, uiscoum rate, short Bills, per cent. BIO INCREASE IX RESERVE RATIO Gain of Three and Six-tenths Fer Cent Reported by Federal Board. WASHINGTON, D. C June 28. Com bined resources and liabilities' of the 12 federal reserve banks at the close of Busi ness June 22, were reported .tonigni oy the federal reserve board aa follows: j Resources Gold and gold certificates $ 315,472.000 Gold settlement fund, federal reserve board .uu.e.i.uuu Other Lines Are Holding Steady. 1 Xo Changes Made in Day's Quotations. .'' There were no changes in livestock prices at the yards yesterday. Fourteen loads were received and . business fairly active. In the lamb division the undertone of the market was reported easier., but otherwise prices were steady. Receipts were 72 cattle, 623 hogs and 1433 sheep. The day's sales were as follows: 1 Wt Prlcel Wt. . 930 4.00 . 5 lambs 7U 4.00113 lambs . 5.001 12 lambs 6 301 49 lambs 3.00t 23 ewea .. 8.501 1 ewe. 70 58 69 100 110 105 110 120 75 6.25 4.50 4.001 4.00 4.001 fl.Ofll 6 50 5.001 06 lambs 10 lambs .. 13 ewes 17 ewes ... 4 ewes .. . 2 yearl .. 16 yearl .. 35 vearl . . 6.65 73 yearl '. . 4.501 18 wethers. 5.501 2 wethers. 860 . 944 .1160 . 136 . 4S0 . 189 . 188 . 140 . 147 . 220 . 265 . 610 . 204 . 201 . 175 . 170 . 280 . 850 . 220 . 77 . 76 . 73 . 68 . 74 . 69 . 71 . 60 . 71 . 66 . 67 . 110 . 142 . 125 . 155 . 105 , 93 , 90 81 135 Price. 1 )5.00 6.90 4.00 5 00 2 00 2.50 1.50 2.50 2.50 4 00 3.00 1.50 3.25 4.00 1.50 6 00 4.00 5.00 5.75 3.00 9 00 4 00 9.00 8.75 8.75 9.00 8 73 8 25 4.00 9.00 9 00 8 75 9.00 8.25 6.00 8.75 6.35 6.35 6.35 5.00 6.25 8 35 6.35 5.00 Total gold held by banks. Gold with federal reserve 716,313.000 agents Gold redemption fund Total gold reserves Legal tender notes, silver, etc. 1,598,128.000 136.047.000 2,450,488.000 109.517.000 Secured by government 2,620,005,000 657.980.000 1,095.983.000 39.488.000 1.793.451.000 33,729,000 212. 375.000 32.848.000 Total reserves . . Bills discounted: United States obligations .... All other Bills bought in open market. Total bills on hand TTnlted States bonds snd notes United States certificates of indebtedness: One year certiflcatea Pitman act.... All other Total earning assets Bank premises Five per cent redemption fund against federal reseVve bank notes Uncollected Items All other resources Total resources.'. . . . v 5,315,828,000 Liabilities Capital paid in Surplus : Reserved for government franchise tax DeDosita government Member banka reserve account 1,647.709.000 Ail other si.osi.uuu 2,082.403.000 24.717.000 10.194.000 864.105.000 14.404.000 102.177.000 202,036.000 40.400.000 17,957.000 Total Heno.lt . 1.697.247.009 Federal reserve notes in actual circulation Z.630,319.000 Federal bank notes in circula tion, net liability 135,004.000 Deferred availability items. . . 467.923,000 All other liabilities 31,717.000 J 41 71 10 15 90 60 55- 65 1 4 16 9 32 50 46 41 32 46 16 30 23 I 15 8 64 24 64 93 12 62 41 12 48 74 Shell T & T. Sinclair Sloss Shef . ... So Pacific So Railway . . . St L & S F. . . trom Carb . . Studebaker . . . Swift & Co. .. Tenn C & C. Texas Oil .... Texas Pac . . . Tex P C & O.. Tob Prod .... Cont Oil. .. nion Oil Del. nion Pac . . .. nited Alloy., nited ' Drug. . United Fruit.. ntd Rds N J. Rtl Stores. S Ind Ale. 00 1.800 300 9.800 15,500 1,900 (SOO 35.20l '3.500 21.000 2.100 2,000 900 2.100 1.100 2.600 200 1.700 2.500 800 4.800 11.300 S Rubber... 27,300 65 6 40 20 33 70 18 20 28 72 91 7 32 20 19 52 8 18 113 21 88 102 8 81 80 66. 6.1 6 40 19 33 68 17 20 27 69 90 81 19 18 50 7 17 112 21 83 101 8 51 48 62 62 10 105 42 71 10 15 90 65 20 65 65 1 8 16 9-J 83 49 46 41 46" 16 29 25 16 8 64 23 64 94 12 62 St 42 J2 61 73 62 64 6 40 19 33 69 "X 20 27 71 90 7 82 19 18 61 7 17 113 21 87 101 8 51 a Total liabilities 15.315.828.000 Ratio of total reserves to deposit and federal reserve note liabilities combined. 60.4 per cent. Ratio of gold reserves to federal re serve notes in circulation alter setting aside 35 per cent againat deposit liabilities, 16.8 per cent. . Foreign Exchange. Foreign exchange rates at close of busi ness yesterday, furnished by northwestern National bank ot Portland, rne amount quoted is the equivalent of the foreigu unit In United Statea funds: Austria, kronen S .0028 Belgium, Irancs twiu Bulgaria, leva 0120 Czecho-Siovakla, kronen 0142 Denmark, kroner 171a Kngland, pound aterling 8 7625 Finland, flnmark 0170 France, francs 0815 Germany, marks 0146 Greece, draenmas vtt-v Holland, guilders 3380 Hungary, kronen 0046 Itaiv. lire 0500 Jugo-Slavia. kronen 00N3 .Norway, kroner 1435 Portugal, escudos 1400 Roumania. lei .0165 Serbia, dinara ; 0295 Spain, pesetas - 1345 Sweden, kroner 2230 Switzerland, francs ..1.05 China Hongkong, local currency.. .5000 Shanghai, taels 6750 Japan, yen 4825 -4 steers 1 steer. , 6 steers 48 steers 1 oow .. 1 cow . , 2 cows ... 885 3.5n . 2ewos , 1 cow .... 930 . 2.001 1 ewe .. 1 cow .... 900 3.001 1 ewe .. 1 cow 1330 3.001 96 vearl 1 cow .... 940 4.001 8 wethers. 108 1 cow .... 910 5.501 .2 bucks .. 100 1 cow .... 660 6 001 13 mixed . 131 1 cow 1410 3 65 16 mixed . 102 8 mixed ..1158 4.251 2 mixed . 145 6 hogs ... 170 8.651 16 steers ..1004 11 hoes... 191 8.751 lcow.y.1140 4 nog .... JUO 8. l.i cows .. 6 hogs ... 248 8.25 26 cows .. 4 hogs ... 130 9.00 1 bull ... 10 hogs ... 142 9 00 8 hogs .. 6 hogs ... 156 8175 lhog... 6 hogs ... 208 8 75 11 hogs .. 1 hog 470 5.751 58 hogs .. 21 hogs ... 193 8.7.1 9 hogs .. lhog .... 670 4 00 9 hogs .. 72 hogs ... 175 8.75 3 hogs .. 16 hogs ... 269 8 25 2 hogs .. 70 hogs ... 209 8.75 lhog... 16 hogs ... Ill 9.00 19 hogs .. lhog .... 190 8.73 6 hogs .. 2 hogs ... 230 8.00 83 hogs .. 5 hogs ... 132 8.50 2 hogs .. lOhogs... 213 8.73 lhog... 2 hogs ... 4tS 5.75 , 1 hog ... 3 hogs ... 426 5.75 lhog... 3 hogs ... 240 6.73 7 lambs . 2 hogs ... 320 5.75 16 lambs. 16 hogs ... 260 8.25 136 lamba . lhog .... 230 8.75 68 lambs . 10 hogs ... 93 8.75 202 lamba . 32 hogs ... 175 9.001 29 lambs . 1 hog .... 48V 6.251 20 lambs . 3 hogs ... 150 8.751 15 lambs . 1 hog 450 5.731 85 lamba , 34 lambs 13 lambs 44 lambs 14 lamba 40 lambs 25 lambs 31 lambs 8 lambs 20 lambs 6 lambs 16 lambs Livestock prices at the local yarns follow: Choice steers .75 7.50 Medium to good steers 6.0o e 10 Fair to medium steers 3.2. 6.00 Common to fair steers 3.50 5.2- Choice cows and heifers 5.50W 6.00 Medium to good cows, heifers. 4.73ft? 5.50 Fair to medium cows, Common cows' ........ Cannera Bui's Choice dairy calves... Prime light calves... Heavy calves Choice feeders Fair to good feeders.. Primf'iight ..J 8.75 9.00 Smooth heavy. 250 to 300 lbs.. 7.009 8 00 Smooth heavy, Cough heavy Ctniru Fat pigs 8.751) 9.00 Feeder pigs S.SOt 9.00 Kh.n East-or-mountaln lambs n znn 7.30 Tien, vallev Iambi ............ O.tSOIr, 6. Cull lambs 4 0OtfD 5.00 Feeder lambs 2.50 4 00 Heavy yearlings 4.00 4.50 Lisht vearlings 4.504s 5.00 T.le-hf wether. 4.00W 4. .ill Heav-v wethers S.OOf? 4.00 Ewes 1.00 S 3.50 6 4 00 2.50 2.00 2.00 4.50 4 00 4 50 5.00 4.50 4.50 heifers. 8.7.4 4 , 2.75ISI 3.75 l.SOW 2.75 2 50Jt 4.00 9.50 41 10.00 9.00ft' 9.50 S.OOtfr 6.00 5.00'n) 5.50 4.00 J.0U 300 lbs. and up 6 00 7 oo i. 4.00 7 00 ' 3.000, 7.011 the last, prices closed atthe day's high est point. t Evidence that stocks of corn were piling up and failing to find an adequate outlet l resulted in considerable selling preuur. on corn and oats. Indications of some export demand ral lied the provision market from declines, due to lower quotations on hogs. The Chicago market letter received yes terday by the Overbeck A Cooke company of Portland said: Wheat The volume of trade today was the smallest in some time, but the market displayed underlying strength, the trade showing more inclination to. recognize the lmnortance of northern croD conditions. The seaboard reported export demand slow, but at the same time said there had been 2.000,000 sold to Germany the last few days. Country offerings to ar rive were light and the cash situation strong at firmer premiums. Although out side investment buying has not as yet entered the market in sufficient volume to maintain advances, it Is quite evident that unless rains very soon relieve the situation in the northwest, a higher range of prices wilp be recorded. Corn Scattered rains over large corn producing states and predlctiona of ad ditional precipitation made those bullish ly inclined .reluctant buyers, except at confiscations, and consequently the mar ket eased under the pressure of scat tered selling. Receipts estimated at 310 cars and sold mostly at yesterday's basis. Shipping salea of 153.000" bushels' included 50.000 bushels to exporters. Country of ferings to arrive rather light. Oats Showed some strength at the start, but weakened with corn. The sell ing, however, was not particularly heavy and impressive buying power was en countered on the dceline. . Country offer ings to arrive were light. Crop advlcea continue very unfavorable and should have a marked influence on prices sooner or later. Rye Futures were dull and followed the trend of other gratkia. Cash rye was firm at 3c over July bid for No. 2 on track. Leading futures ranged as follows: WHEAT. Open. High. Low. Close. $ 1.30 1.31 1.28 $ 1.30 1.23 1.24 1.21 123 CORN. .63 .63 .62 .62 .64 .64 .63 .63 OATS. July... .38 .89 .38 .88 Sept...- .40 .40 .39 . .40 Joly. bept. July... Eept... MESS PORK. July.. Sept.. 17 75 17.90 This, Income Tax Exempt Municipal Bond Is a Legal Investment for Savings Banks 6V2 Improvement Bond Idaho Falls This issue offers an opportunity, not only to individual investors, but to Oregon Savings Banks as well, to secure a large yield, backed by solid security over a term of years. As Idaho Falls is the fourth largest city of Idaho and one of the wealthiest, we unre servedly recommend it to our customers. Den. $100 $500 $1000 Due 1924-30 Price to Yield 7 LUMBERMBNS Broadway and Oak July... Sept... July. sept. NEW YORK, June 23. Exchange, easy starling, demand, 13.74; cables. $3.74. Francs, demand. 8 00; cables, 8.02. Bel gian franca demand. 7.97; cables. 7.99. Guilders, demand. 32.90; cables, 83.00. Lire. demand, 4. n; cables, 4. (9. Marka, de mand, 1.39; cables, 1.40.' Greece, demand, 6.00. Sweden, demand, 22.35. Norway, demand. 14.30. Argentine, demand, 30.75. Brazil, demand, 11.75. Montreal, 12 pet cent discount. Foreign Bonds. Foreign bond quotations furnished by th3 Overbeck & Cooke company of Port land: Russian Bs. 1921 .... Russian 5s, 1926 Russian 6s. 1919 .... French 5s, 1931 French 4a. 1917 French 6s, 1920 Italian 5s. 1918 ... British 5s. 192 British 5s, 1927 British 6s, 1929 British vky 4s British ref 4s Relcium rest 5s Belgium prem 6s Gorman W. Berlin 4s Hamburg 4s . . Hamburg 4s Lcipsig 4s.. . Leipsig 6s . . . . Munich 4s Munich 6s Fraukfort 4a . Jap 4s Jap 1st 4s .. Jap 2d 4s .. pans sixes . . . U K 5s. 1921 V K 6s, 1922 V K 5s. 1929 U K 5s. 1937 5s Bid. .. 13 .. 3 .. 14 .. 62 .. 49 .. 70 .. 38 ..375 . .366 . .3 ..268 ..263 ..66 . . 6U .. 11 .. 11 .. 13 .. 13 .. 13 .. 14 . . 13 ,. 14 .. 13 .. 68 ..84 ..84 .. 99 .. 99 ..97 .. 87 .. 83 Ask. 16 5 17 63 50 72 39 385 76 76 78 73 69 72 12 12 14 14 14 15 14 - 16 15 67 84 84 99 99 97 87 83 Coffee Futures Close Lower. NEW YORK, June 23. The chief trad ing feature m the market for coffee fu tures today was the continued liquidation of July contracts. .It had a depressing influence and after opening at a decline of three to four points, active months sold 23 to 28 point! below last night's close, with September touching 6.15c. Firm offers, however, were reported generally higher and the market recovered part of its loss, with September closing at 6.26c bid. The general list closed at a net decline- of eight to 14 points. July. 5.90c; September, 6.26c; October, 6.40c; Decem ber, .88c: January, 6.80c; March, 7.03u; May, 7.18c. Spot coffee dull. Rio 7s, 6c; Santos 4s, 9 to 9 cents. Dried Fruit at iVew York. NEW YORK. May 23. Evaporated ap ples nominal; prunes steady; peaches quiet Kansas City Livestock Market. KANSAS C0TV. June 23. (United States Bureau of Markets.) cattle neceipis. 2700; beef steers, average steady: heavies. 10c to 15o ower: too oad yearlings. Dart load." 18.65; bulk steers. 7.75ft'7.90: manv common lots. $5.5O0j6.23; calves, 25 erotic higher: best vealers. $04925; tockers and feeders, slow, weak to lower: common to fairly good stockers, 'mostly 14.505.50: few sales below $4; all other rlasses steady; medium to good cows, 14.25W3.50: canners. 12IS2.25. Hogs Receipts, ssoo; unevenly Je is 25c lower; mostly 10c to 20c lower than veaterdav's average: best 100 to 200-pound hogs to packers and snippers. s.4u; it" to 275-pound averages. $8.1.i8.2..; bulk of sales, $S.10&8.35; packer sows and pigs. barely steady; bulk etocker pigs, arouna $S: closing, weak. Sheep Keceipts, zuuo; sneep sieaay; best Texas wethers. $4.25; few native ewes, $4: lambs, steady to 23c lower; most sales better grade native lambs, $10.a0 811. Chicago Livestock Market. CHICAGO. June 23. (United 8tates Bureau of Markets.) Cattle Receipts, 12.000; choice yearlings and handy-weight steers, steady; others, 15c to 2.ic lower. early top yearlings, $9, some held higher; bulk. $7.2518)8.40; she-stock, slow; best, steady; others weak to lower; bulk fat cows and heifers. $4.50(6.25; canners and cutters, largely $2b'3-50; bulls. 10c to 15c lower: bulk bologna. $4ffr4.25; veal calves. ateady; bulk, around $9.50; stockers and feeders, dull. Hogs Receipts. 41,000: 15c to 23c lower than yesterday's average; heavy and packing mixed, off most; better grades active, others slow; top, $8.60; bulk. $8.25 68.50; pigs, 10c to 13c lower; bulk de sirable. JS.25W8.35. . Sheep Receipts, 14.000; slow at yester dAy'a extreme low time; top native lambs, $12: bulk good and choice, $11.50rll.7.; cuils, mostly $6; good 82-pound dry-fed yearlings, $9; best handy native ewes, $4.50; extreme' heavies, around $3. Omaha Livestock Market. ' OMAHA, June 23. (United States Bu reau of Markets.) Hogs Receipts, 11,500; active, 10c to 15c lower; close, steady; bulk, 180 to 240-pound butchers, $8.13 8.30; top. JS 40; bulk butchers, 250 pounds and over, $7.8V'o8.10; packing grades. 1 1. .WITT. 1.1. Cattle Receipts. 6300; slow; beef steers, 10c to 25c lower; top steers, $3.50; she stock, steady to 15c lower; other classes, steady. . SheepReceipts, 8000; Iambs. 25c to 60c lower; top westerner $11.75; natives. mostly sio.ull; sneep, steady; ewes, top, $4.25; feeders, dull. Seattle Livestock Market. SEATTLE, June 23. Hogs Receipts, none; steady; quotations unchanged. Cattle Receipts, 49; weak; quotations unchanged. . WHEAT STRONG AT- CLOSE CROP LOSSES AXD HARVEST DEIiAY LEAD TO SELLIXG. Germany Reported to Have Taken Two Million Bushels Coarse Grains Under Pressure.' CHICAGO, June 23. Crop deterioration northwest and harvest delay southwest had a bullish influence on wheat todav. Prices closed strong, 1 to 2c jlet hlgnvr with July $1.30 to $1.31 and September $1.23 to 1. 24. corn lost to c and oats to c. Provisions were unchanged to 7c higher. Attention of wheat traders was directed chiefly to the effects of drought and heat in the spring crop belt and to unwelcome rain where the winter crop harvest is in progress. . The July-September dlffersnce in price showed a tendency td widen at times, owing to commission house buying of July and selling of September. Tne general upward tendency of the market meanwhile was encouraged somewhat by gossip that Germany had taken 2,000.000 bushels ot wheat in tne last lew days on three months' credit through English and Dutch banks. It was said also Japan nad shipped 5004)00 bushels of wheat on the Pacific coast. With shorts covering t LARD. 9.95 10.02 992 10.02 10.23 10.37 10.25 10.37 SHORT RIBS. 10.25 10.27 , 10.23 10 27 10.40 10.60 10.40 10.60 Cash prices were: Wheat No. 2 red, $1.40; No. 1 hard. $1.45. Corn No. 2 mixed. 61&oi'c; rq. i yellow, 61 62. oats iso. 2 white, asQ3ottc; ivo. a white. 36?37c. Rye No. 2. $1.24. Barley 62 67c. Timothy seed $4.506. Clover seed $13W19. Pork Nominal. Lard $9.92. Ribs $9.78g10.75. . Primary Keceipts. CHICAGO. June 23. Primary receipts- Wheat, 1,157,000 bushels versus 763.000 bushels. Corn. 938.000 bushels versus 1,027.000 bushels. Oata, 695,000 bushel. versus 491.000 bushels. Shipments Wheat, 986,000 bushels ver sus 684.000 bushels. Corn. 304.000 bushels versus 432.000 bushels. Oats, 882,000 bush els versus 318.000 bushels. Clearances Wheat. 810.000 bushels. Corn. 330.000 bushels. Rye. 113,000 bushela Flour, 34.000 barrela Car lots Minneapolis, wheat, 34; corn, 38; oats, 48; barley. 45; rye, 21 Kansas City Wheat. 228; corn, 42; oats. 6. St. Louis Wheat 20; corn. 26; oats. i2. Oma ha Wheat. 66; corn, 26; oats. 14. Culuth Wheat, 74: corn. 3: oats, 1; barley. 8; rye, 17. Winnipeg Wheat. 24; oats, 35. Minneapolis Grain Market. MINNEAPOLIS, June 23. Barley. 45 61c. Flax.' No. 1, $1.82T1.84. Wheat July $1.33; September, $1.30. -I Winnipeg Grain Market. WINNIPEG, June 23. Wheat July $1.76; October, $1.38. Grain at Han Francisco. SAN FRANCISCO, June 23. Grain Wheat, milling, 2.252.40; feed. $2,25 9 2 40. Barley, feed, Jl.llKa 1.15; shipping, $1.201.25. Oats, red feed, 1.30jj 1.45. Corn, white Egyptian, $2.30(ji 2.40; red milo, $2.07 &2. 15. Rye. nominal. Hay Alfalfa. $0frl4 ton; wheat. $1S 20; oats, $10fi 17: barley. $10812. Seattle Grain Market. SEATTLE. Wash., June 23. Wheat Hard white, soft white and white club, $1.22; hard red winter, northern spring and eastern red Walla, $1.20; Big Bend bluestem, $1.25. City delivery: Scratch feed, $50 per ton; baby scratch feed, $67; "feed wheat, $54; all-grain chop, $42; oats, $39; rolled oata, $41; sprouting oats, $44; whole barley, $35; milled feed, $33; bran, $30: whole corn, 40; cracked corn, $42. Hay Alfalfa, $22 ton; double com pressed alfalfa, $26; do timothy, $30; Eastern Washington mixed1, $26; straw SAN FRANCISCO rRODCCta MARKET rrices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO. June 23. Vegetables Asparagus 3&10c; squash. Imperial, $1.50 1.73, small lug; potatoes, I1.Z3&2. onions, new red. 75Qb5c; green onions. $1.601.73 box; tomatoes, $lof2 crate, garlic, 64j.Sc; peppers, 10(?25c; peas, 4 06 cents; beans, string, 86c; lima, ldQ'loui beets, $1.75Qz sack; carrots, $1.2o( 1.5(1 sack. . Poultry Hens. 18 35c; broilers. 27r29c fryers. 3050c; young -roosters. 20gi'26c old roosters, 5$?18c; ducks, 23Cr30c; geese. 25!a30c; Belgian hares, live. 13b14o: squaDS, ooXr"uc; pigeons, aozen. Fruit Oranges, Valencia, $33.50 box; grape fruit, $2.:04; limes nominal: ap ples, $12.50 tier; strawberries. 80&75c drawer; loganberries. ax4UC drawer: rasD. perries, B.icO'Sl.ou; PlacKberrles. lab 10 chest; cherries, 56j20o bulk;' apricots, 73c 1.25 basket; peaches, $1.252 crate: cantaloupea standard, $1.754jl2; ponies, $1.25irl.75; flata, 65 90c; figs, 011, single layer box; currants, 90c$l drawer; pluma, $1.50$f2; grapes, $33.75 smai' lug! Receipts Flour, 1430 quarters: wheat. 3280 centals; barley 5081 centals; beans, 278 sacks; corn, 920 centals; potatoes, 667 sacks, hay, 22 tons; butter. 391 centals; eggs, oi.utiu aozen; cneese, lis centals; ap ples, jib ooxea; nioes, 473; nvestock, 13: head. Why We Recommend $300,000 Guaranteed First Mortgage 7 15 Serial Gold Bonds Secured on the Broadway-Yamhill (Hippodrome) Bldg. 1. Secured by closed first mortsrace on Portland bunt, res property, which is appraised at $625,000, or more than twice the amount of this issue. 2. The income on this property last year from rental wag in excess of $40,000. 3. Unconditionally guaranteed by Alexander Tantaireg and Lois 'A. I'antages, his wlJo. whose net worth Is in excess of $4,000,000. 4. A legal Investment for savings banks in the state of Oregon. Prices to Yield 8 Write, call or phone Broadway 3171 for detailed circular. Bond & Goodwin 6'Tucker SAM PRAtfCftcO IMfOHt'OffATt D UNITED STATE 3 NATIONAL BANK 01'ILDINC cv. PORTLAND LOI A NCI I C IIATT1T lo First Mortgages 7 fo We own and offer subject to prior sale the following mortgages: $2000 Secured by 5-room bungalow, values $5000, located 37th and Division streets. $4000 7-room house, Colonial Heights, 23d, near Hawthorne ave nue; valuation $9500. $2200 Rose City Park house, 5-room bungalow; valuation $3000. Pacific Coast Mortgage Co. 319 Ry. Exch. Bldg. " Thone: Main 675 Metal Markets. NFTW YORK, .Tune 23. Copper steady. ! I WILL BUY I . Any State, County or Municipal Bond of, Idaho, Washington or I Oregon bearing 6 or better at i 95 minimum. Send list. ' S 762 0REG0NIAN I 1 NOTICE IS HEREBY GIVEN That on July 1. 1921, at the principal office of The Equitable Trust company of New York, No. 37 Wall street, borough of Manhattan, city and state of New Tork. the undersigned Troy Laundry Machinery company, iimuea. win redeem, at 102 per cent of the face value thereof, all Its serial 7 per cent sinKlng zund ro d notes. dated January 1, 1919, outstanding on the said redemption date; and the said notes are hereby required to be then and there presented lor payment, with all coupons lor interest maturing suDseauent y to the said redemption date. The said notes will bear no further Interest after the said date. At any time Dafor to June 25. 1921. anv holder of any of the notes hereby called ror reaemption may, witnout prior written notice, surrender the same at the aaid office of The Equitable Trust company of New York, with all unmatured Interest coupons attached, for conversion into an equivalent aggregate par value of 8 per cent cumulative preferred capital stock of the undersigned, full paid and non-assessable, subject to adjustment of interest and dividends to the date of such surrender, in the manner provided in the trust agree ment under which the said notes are issued. TROY LACNDAY MACHINERY , COMPACT, LIMITED. By Stanley Brock, President. New York. May 31, 1921. i Electrolytic, spot and nearby, 12S13c; third quarter. 13ffil3c. Tin ateadier. Spot and nearby, 29.25c; futures, 29c. Iron nominally unchanged. Leadieasier. Spot, 4.4oc. Zinc qulet. East St. Louis spot, 4.409 4.50c. Antimony, spot, 5.12c. NEW YORK. June 23 The American Smelting & Refining company today re. duced the price of lead from 4.50c to 4.400 per pound. tlou tat Ions on Dairy Produce. SAN FRANCISCO, June 23. Butter Extra choice, 36c; prime firsts, S3c; firsts 30c. Eggs Extra choice, 27 c; extra firsta 26c; dirties. 2Uc: extra pullets, 25c; undersized pullets. 22c. Cheese California flats fancy, 18c; firsts, 6c; California Young America fancy, 22c. ' SEATTLE, June 23. Wholesale prices to dealers: Eggs Select local nneh, whits shells, 28c; do. mixed colors. 26(&27c; pullets. 23c. Butter City creamery cubes. 34c; bricks or prints. 35c; country creamery extras, ent to Inhnerw. In pithM .tor ill HERRIN & RHODES, Inc. (Established 1S96) BROKERS MEMBERS CHICAGO BOARD OF TRADE. Private Wires Dlreet to All Secur ity and Commodity Markets. Local and Unlisted Securities. Quotations and Information Cheer fully Furnished. LIBERTY AND VICTORY BONDS BOUGHT A YD SOLD. Main 283 and 2X4. 201-205 Railway Exchange '-Bids. Are you reading money market news In the daily press dis patches? Have you seen the Items reprinted below from the columns of The Oregonian. and others of similar character? t .. iMjiw xuntv, June ai. ror the first time since October, If 10. cull money opened and remained at 6 per cent on the exchange, in the open market and on prime col lateral this . quotation was shaded by M to 1 per cent, (Ort-ffonlan, June 22.) r .fionry, nuver, r.ic. NHW YORK. June 21 Prime mercantile , paper, 6'.s Qt per cent. Time loans steady, 60 days, 90 days and six months, 6 per cent. Call money easy. High. 3 per cent; low, 5 per cent; ruling rate, 5 per cent; clos ing bid. 4 i per cent; offered hit 5 per cent; iaat loan. 5 per eent. T VI ir.V June 22. Bar silver. 35 4 d per ounce. Money 44 per cent. Discount rates, short ollls, &H per cent. (Oregonian. June 23.) Cheap money Is as certain m death and taxes. Ask us about the long-term bonds we own and recommend for your invest ment. Call on ua or invite us to call on you. Ask- for our list. Ask us especially about the 20 year non-callable Republic of France 7Va's at 95 to yield over 8. is - SMITH SOUND FlOOSt UlWBX.MSNa BUILDIM Fifth and arraaa a CAM) CO. ljLsXXjIjllj Safeguard Your Investments 'TMIE 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 la the North we. WASHINGTON ATTI1IR1I 7ViM'iM-i-T?rVl'i'lVriTiMV 'ffiSfM Ii i I I lsaaaatSs.ML.sa ima,sai I l I s JA PAYMENTS w a? la 0" cK nwntk buv. any lift. 'M lStoekwDor.J. Mjfmra y dividends. Writ, lir .Wcl4 1 M ltnd booklet -FR be.