21
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.