Morning Oregonian. (Portland, Or.) 1861-1937, June 28, 1921, Image 21

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Morning Oregonian., June 28, 1921, Page 21, Image 21

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Newspaper Page TextTHE MORNING OREGOXIAN. TUESDAY. JUNE 28, 1921 71 NEW GRIAN DISCOUNT RULES ARE PROPOSED existing Federal Standard- Will Be Basis. GRADES ARE HELD UNFAIR Regulations Approved by Spokane Convention Are Submitted to Portland Merchants Exchange. At yesterday's session of the Merchants' Exchange. R. S. McCarl presented the re port of the committee of the exchange which attended the annual convention the Northwest Grain Dealers' associatloi at Spokane. The report was referred to the executive committee for action. The moat important work of the Spo kana convention waa the adoption unanf mously of a committee report on trade rules, which follows: "We believe, on advice of counrel. the ffrain discount laws of Oregon and Wash incton are unfair and unconstitutional, and. furthermore, conflict with the ftdera. grain standards and also Interfere with the righta of private contracts. "We recommend that same be dlsre garded and that this association proceed to make reasonable and fair discount rules in conformity with those rules now pre vailing In all the largo United States grain markets. "That federal grades be adopted as basis of all trading by members, and that trades made to cover the purchase of No. 1. fed eral grades, unless otherwise specified in the contract. "We recommend the following discounts for the classes of wheat testing 90 pounds for No. 1. namely: Durum, hard red winter, red winter, common white, white club. namely. 60 pounds No. 1: "Fifty-nine pounds, but less than 60. 1 cent discount; 58 pounds, but less than 59, 2 cents: 57 pounds, but less than 58, pounds. 3 cents; 56 pounds, but less than 57 pounds. 4 cents: 55 pounds, but less than 56. 6 cents; 54 pounds, but less than 55, 8 cents: 53 pounds, but less than 54 11 cents: a- pounds, but less than 53. 14 cents: 51 pounds, but less than 52. IS cents: 50 pounds, but less than 51, cent Wheat of this class testing below 50 pounds to be settled for on sample "On class hard red spring wheat; 58 pounds test to be No. 1: "Fifty-seven pounds, but less than 58. 2 cents discount; 56 pounds, but less than 57, 4 cents: 55 pounds, but less than 56, 6 cents; 54 pounds, but less than 55, 8 cents; 53 pounds, but less than 54. 11 cents: 52 pounds, but loss than 53, 14 cents; 51 pounds, but less than 52, 18 cents: 50 pounds, but less than 51, 22 cents discount. Wheat this class testing 50 pounds to be settled for on sample. "Subclass Red Walia, 5S-pound test to be No. 1: "Fifty-seven pounds, but less than 58. 1 cent discount: 56 pounds, but less than 57. 2 cents: 55 pounds, but less than 50. 4 cents; 54 pounds, but less than 55, l cents: 53 pounds, but less than 54. 8 cents: 52 pounds, but less than 53, 10 certs; 51 pounds, but less than 52, 12 cents; 50 pounds, but less than 51. 14 cents dis count. Wheat this class testing below 50 pounds to be settled for on sample. "Any wheat grading below No. 1. ac count of inseparable material, account of damaged kernels, account of other than cereal grain: "No. 2. 2 cents discount; No. 3. 4 cent discount: No. 4. 6 cents discount; No. 10 cents discount. "Musty or damaged wheat will be set tied for on sample basis. "Discounts for wheat grading under No 1 account excess moisture: "No. 2, 3 per cent dockage: No 3. per cent dockage; No. 4 or 5. 15 per cent dockage. "Smut discounts: "Sixty cents per ton sacked and bulk u to 3 per cent amut. "Seventy-five cents per ton sacked and bulk up to 3V4 to T per cent smut. "One dollar per ton sacked and bulk up to 7"4 to 15 per cent. "Trading to be based on sacked wheat differential between bulk and sacked to be 3 cents per bushel, resacking charge 7 cents per sack, bad order sacks 3 cents The differential between bulk and sacked coarse grains shall be 12 per ton and that it shall be optional with the buyer whether he accepts bulk grain on contract." selling at 2 a boxr A very light peach crop is expected In the northwest. Small fruits were plentiful and In fair demand. Loganberries sold on the early farmers' market at $1.35 a crate. The day's receipts included two cars of melons and one car each of mixed de ciduous fruits, bananas, mixed vegetables, California sacked Garnets and Yakima old potatoes. LOCAL GRAIN BIDS ARE IRREGULAR June and July White Wheat 1 and 2 Cents Higher and Others Lower. The wheat marked was quiet locally and also in the country. The trend of prices at the exchange was irregular, while wheat being 1 and 2 Genu higher on .bid for June and July delivery and 1 and 2 cents lower for August. Red wheat bids were unchanged to 1 cent lower for July and 3 and 4 cents lower for August de livery. A Condon report told of a sale of 1000 sacka of wheat, August delivery, at 91 bushel. Crop reports from the middle west were of about the same tenor as those received last week. A message from Winnipeg said: "Reports of dry weather coming In from Alberta are causing firmness. To date Canadian crop news has been very favorable." Terminal receipts. In cars, were reported by the merchants' Exchange as follows: Wheat. Barley.Flour.Oats.Hay Portland MOD. 3ti Year ago STOCKS FALL. BACK AFTER . RALLY AT OPEXIXG. Speculative List Suffers Most With Losses of Two to Five Points; Bond Dealings Light. i Season to date.2ori Year ago 05O9 Taeoma Sat S Year ago 8 Season to date. f!0i!) Year ago ...... 7446 Seattle Sat... 1U Year ago 1 Season to date. 4787 Year ago 6614 3 310 202 54 116 14 1178 403 1 7 looo 3350 10 666 12U 33 iss 4 ioi 183 520 666 4 8 2.TO6 2314 1 062 861 15:18 1258 LARGE SIRI'LIS CREAMERY BL'TTEB Storage Holdings Nearly Twice as Heavy a Year Ago. June 1. '21. June 1 '20. Creamery butter Packing stock but Anitrican cneeae Swiss cheese Brick and Munsler. Limburger Cottage. Pot and tinkers Cream and Neufcha- tel All other cheese.... Case eggB , Frciten eggs '. Broilers Roasters Fowls Turkeys Miscellaneous ...... Total poultry ... 21.764 ter 2.6fTl . 1 oiii) ooo 6X.0O0 i.3x.ihh 1,10,0011 350.000 12.S72.O00 712.000 13.502.000 1.777.000 715.000 503.000 3.220.000 3.253.000 NEW YORK, June 27. Saturday's Ir regular recovery was extended 1 to 3 DointM at the nDenlns: or today's market, but reversals in which many ad- vances were more man canceiea occurrea before midday and a heavy tone ruled at the close. The more vulnerable Issues comprised oils, motors, steels, equipments, sugurs. shippings, textiles and mail order shares. Reaction from best prices ranged from 2 to 5 points, metals alone holding part of their advance. Higher type rails, notably transcontinen tal and coalers, also were reactionary un der lead of Canadian Pacific and Reading, but secondary or reorganized properties were relatively steady. Sales amounted to 465,000 shares. New advices over the week end were mixed. Favorable influences were a heavier movement of graina to market and a reduction in the number of idle freight cars. Motor stocks were again under pressure. Record low prices were quoted for crude and refined products, notably sugar and rubber. Mexican oils reacted. The money market was featureless, call and time rates being unchanged. Moderate strength in foreign exchange was ascribed mainly to prospects of early settlement of the British miners' strike. Dealings In bonds were light but steady to firm for the most part. Including liberty Issues and convertible rails. Internationals also showed irregular Improvement, but Cuba Cane Sugar 7s weakened with the slock. Total sales, par value, $10,050,000. CLOSING STOCK QUOTATIONS. , (Furnished by Overbeck & Cooke com pany, Portland; Tenn C C. . Texas Oil .... Texas Pacific. Tex P C & O.. Tob Prod Tr Cont Oil. .. Union Oil Del. Union Pac ... United Alloy.. United Drug.. Untd Fd Prod United Fruit.. Un Rtl Stores. U S Ind 'AIco. U S Rubber. .. U S Smelting.. L" S Steel .do pfd Utah Cop . ... Va Chem .... Van Steel .... Vivandou . Wabash do A pfd... do B pfd. .. Wells Fargo.. West Union . .. Westh A B . . Westh E & M. West Md White .Motors. Willys-Ovid .. do pfd Wis Central ... Woolworth . . . Worth Pump.. W & L. E 500 S.2O0 500 2,700 200 6, OOO. 800 1.100 200 800 3.5O0 2.300 1.IIO0 13,300 27,400 200 1,700 600 600 400 400 1,0"0 300 100 100 100 300 700 700 500 T4 sat 21 20 54 8 19 115H 82 H 21 18 5314 7 18 '4 114 .i 174 107 54Vi ' 54 65 Vi '73 T4 106 48 '4 24 & 28 6H 7 20 i4 80 44 ' 31 7 1"4 106 53 'i 51 61 105 47 24 , 7t4 20 89 44 30 6 28 8 400 8 BONDS. U S 2s reg..'.10O In Y C deb 6s. do couDon ..100 1m P 4s- U S 4s reg '10414 N P 3s do coupon ..'10414 Pac T & T 5s. Pan 3s reg '74 Pa con 4 Vis do coupon ...'74 (S P cv 5s A T & T cv 6s.. 7i'so Ry 5s Atrh gen 4s 74:U P 4s D & R Q con 4s 2,U S Steel as... 7 82 20 10 52 18 114 21 84 16 106 54 51 - 5 IDS 4 24 10 13 54 86 80 44 9 30 6 28 26 109 41 8 8H 74 53 S3 S2 84 SO 79 "4 94 Bid. 177.000 3.415.000 5. 143.0O0 13.1)39.000 3 44S.OOO 8. 573. 00 4.654.000 2. S32.000 1 1.028.000 .35,406,000 30.535.000 110.000 4 415.000 6.S40.0O0 26 449.000 5. 253. 000 9.534.000 5.7S3.00O 5. 197. OOO 9. 639. 000 Visible Wheal Supply Decreases. The American visible wheat supply statement compares as follows: Bushels. Increase. June 27, June 28, June 30, July 1, July 2, 1921. . 1920. . 1919. . 1918. . 11117.. . .10.060.000 . .24.O84.WI0 . . 8.6S1.OO0 5S5.IHMI . .14,209,000 1.220, 000 1.476. OO0 2,706,000 22.000 1.45O.OO0 Decrease. The visible corn supply Is 24.830.000 bushels, an Increase of 1,870,000 bushels; oats, 33,487.000 bushels, an Increase 01 1,930.000 bushels; rye. 662,000 bushels, a decrease of 277,000 bushels; barley, 1.861, 000 bushels, an Increase of 256,000 bushels. The Canadian visible wheat supply is 8.314.000 bushels against 9.466.716 bushel a year ago: oats. 10.643.000 bushels against ,646.922; barley, 1,598,000 bushels against ,436,642 bushels last year. Burnt Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearing. Balances. Portland J4.I05.S11 $ 961.455 Seattle 4.477.611 1.4K6.954 Tacoma 474.553 56.732 Spokane 1.970.818 851.353 PORTLAND MARKET QUOTATIONS Grain, Flour and Feed. Merchants' Exchange, noon session: BITTER STORING HEATY IN WEEK Dealers' Operations Are Chief Support of Eastern Market. The eastern butter market was steady and quiet during the past week, firmest at the opening, followed by a soft spot at the middle of the week and a firmer tone later. Hot weather and ' Inclination on the part of receivers to store rather Chan take losses was the chief support to the market, during weak spots, dealers being the heaviest storers during the past week. Prices were up Monday, Tuesday and Friday, and there was no recession except at Chicago on Friday, where the decline was scarcely warranted. The peak of production was past the latter part of last week and a lighter make from now on ia looked for, also less fine butter and more undergrade. Undergrades so far were in big demand and all cleaned up at a price 3c above the low point of several weeks ago. There was no truth in the re port of Danish being received during the week In New York. The storage move ment Is about equal to last year. The butter market at San Francisco dur ing the week was somewhat unsettled, and at times showed, irregularities. Wednes day. prices advanced with very little trad- ing and the tone of the market appeared weak. Thursday, prices dropped, although dealers thought the top grades were firm. The demand generally continued fairly good for top scores, which were scarce, as many creameries formerly making fancy butter were shipping medium and under grade due to hot weather defects. From Friday to Friday. 92-score made a decline of lie. while 90-score showed a loss of lc and the large surplus of undergrades forced them to decline as much as 3c on 87-score. Consumptive demand has fallen off some and dealers generally report trading quiet At the close of the week some demand from the south waa reported, and one car was shipped, also a few , smaller lota The market closed steady on top score and weak on lower' scores. Early Peach re Come From The Dalles. Oregon peaches of the Mayflower va riety are coming in ftm The Dalles and -Bid July. Aug. $ 1.17 $ 1.13 1.15 1.12 1.14 1.11 1.12 1.0!) 1.12 1.09 1.10 1.07 27.00 25.00 24.50 30.50 Wheat June. Hard white $ 1 23 Soft white 1.21 While club 1.20 Hard winter 1.17 Northern spring .... 1.17 Red Walla 115 Oats No. 2 white feed 23.00 Barley Brewing 24.50 Corn No. 2 E. Y. shipment 31.00 FLOUR Family patents. $8.60 per bar rel; whole wheat, $7; graham, $6.80; bakers' hard wheat, $7.75; bakers' blue stem patents. $7.25; valley bakers', $6.50; straights. $6.50. M1LLFEED Prices f. 0. b. mill: Mill run. $34 per ton; rolled barley. $3.Vu37; roled oats, $.19; scratch feed. $52 per ton. CORN Whole, $40; cracked. $43 per ton. HAY Buying price f. o. b. Portland: Alfalfa. $16 per ton; cheat, $22&23 per ton; clover, $15 per ton; valley timothy, $24; Eastern Oregon timothy, $26. Advance Rum. Agr Chem . . .. Ajax Ru liber. . Alaska Gold.. Alaska Juneau Allis-Chal do Jifd Am Beet Sug. Am ttofcen ... Am Can Co. .. Am Car & F.. do pfd ..... Am Cot Oil... do pfd Am Drug Syn. Allied Chem.. Am Hide & L. do pfd Am 1 ce Am Int Corp.. Am Unseed... Am Loco do pld Am Saf Rasor Am Ship & c Am Smelter. .. do pfd Am Steel Fdy. Am Sugar .... do pfd Am Sumatra.. Am T & T Am Tob do B prd... Am Wool .... Am W P pfd.. Am Zinc .... Anaconda .... Asm! Oil Atchison do pfd At Coast Line. At Gulf & W I Bald Loco ... do pfd Balto & Ohio. do pfd Beth Steel B.. B R T Butte C & Z.. . Buite & Sup. . Caddo Oil Cal Packing. .. Cal Pet do pfd Can Pac Cen Leather.. t erro de Pa. Sales. High. Low. 300 1,300 37 23! 36 22 1,300 31 30 500 l.Soo 2,900 500 . 400 1,300 100 3,800 '3,500 800 200 400 i.'i'oo 100 6,400 100 9.500 1,100 1,400 6O0 5,600 400 . - .rf 1.40U 500 400 200 8.500 9.300 200 5.O00 100 6,700 300 ' '2 0 6 ' ion 800 1,900 600 100 29 33 26 120 Ti 4 38 lo 40 '34" 23 78 "4 '37 '25 74 '53 102 120 117 69 26 27 33 119 4 37 10 49 'X2 23 78 "4 '35'' '25 71 "si 102 117 11714 67 25 37 36 79 76 25 69 36 47 10 78 A 76 23 66 35 44 1194 11 55 37 Chand Motor.. 12,500 Chi & N W. .. Chi Ot West. . do pfd Chili Cop Chlno C M St P do prd Coco Cola C & O Colo F & I. . . , Colo Southern., Dairy and Country Produce. BUTTER Cubes, extras, 2c pound; prints, parchment wrapped, box lots, 35c; cartons, 36c Butterfat, buying price: A grade. 29c; B grade, 27c, Portland de livery. K6(jS Case count. 2325c; candled ranch. 27c; selects, 2i)c. CHEESE Tillamook, triplets, price to jobbers, I. o. b. Tillamook, 19c; Young Americas, 20c pound. ' POULTRY Hens. 1824c pound; duckB. young, 30c; geese, nominal; turkeys, nominal. PORK Fancy, 1212'rC per pound. VEAL Fancy, 1212c per pound. Fruits and Vegetables. FRTJTTS Valencia oranges, $4.255.75 per box; lemons, $7.25(&8.75; grapefruit. $31111 per box; bananas, llj llc pound: apples, $1.503 per box; strawberries, 75c Vjcl.oO crate: cherries, Dftloc per pound; cantaloupes, $1.75&4 crate; peaches, $1.50 2 per box; watermelons, 3fc3c per pound: gooseberries, 5 7c per pound: apri cots. $2.50 lus: plums, $23 per box; raspberries, $2 per crate; honey-dew melons, $2.25 per crate; loganberries. $1.50 160 per crate. VEUTABLLS Cabbage. 3c pound: lettuce. $22.50 per crate: carrots, $2.50 per sack; garlic, 101r25c per pound; beets. $2.25 per sack; green peppers, 30c per pound: rhubarb. 51rtc per pound: turnips, S2&2.25 per sack: tomatoes. $26 3.25 box: cucumbers. $1&2 per dozen, peas, 711c per pound; beans, 9(iloc per pound. POTATOES New Oregon. 3c sound: new California. 3gi3c per pound. u.-wu.ns California red. $1.75, sack: White Bermudas. $1.25 per crate. Staple Groceries. I.oeal jobbing quotations: SUGAR (sack basis! Cane, rrannlated. 6.45c per pound; beet. 6.25c per pound. NLTS Walnuts. 2032c pound: Brazil nuts. 18c; filberts, 12c; almonds, 24$r30c; peanuts, S&llc pound: cocanuta. 11. 75 per dozen. Kilt. Blue Rose. 6c per pound: JaDan style. 4c per pound. BEANS Small white, 5c: pink, 7Jc; lima, 7c; red, 10c per pound. COFFEE Roasted, bulk, in drums. 14ffl 361?e per pound. SALT Granulated, barrel. $3.404.23: half ground, ton 50s, $19.75; 100s, $19.25; lump rock, $2b.50. , DRIED FRUITS ' Datea. $5.507 Der box; tigs. $2(5.25 per box. HONEY Umb, new crop, $8.50 per case. Provisions. HAMS All sizes. 3036c: skinned. 319 36c; picnic, 18c; cottage roll, 28c. bacon Fancy. 43'sj3c; choice, 300 c: standard, 2527c LARD Pure, tierces, 16c pound: com pound, tierces, 11c. DRY SALT Backs. 2023c; platea, 16c, ARE FARMERS SMART? When they have Veal. Pork. Poultrv Caacara. Beans. Honey. Wax. Hide's, Wool. Mohair and any other ankles, ihey are smart if thev ship them to Rl BY CO.. 169 Front atreet. Port land. Or., who have been In bueiueos for 16 years and are reliable SPECIAL PRICE PAID FOR CHICKENS SHIPPED NEXT WEEK BROILERS, 24c Per Pound XFT PORTI.ATD CURAVTFRn TVESDAY AND WEDNESDAY. The Savinar Co., Inc. IOO Front Street, Portland. Or. Hides, Hope, Etc. TALLOW No. 1, 4c; No'. 2, 23c per pound. CASCARA BARK Sc pound delivered Portland. - HOPS 1920 crop, v nominal, 15c per pound. HIDES Salted country hides, 4c deliv ered Portland; grubby hides, Sc; city calf skins. 12c; country calf skins. 10c; good kip, 6c; grubby kip, 4c. WOOL New clip, 13&20c per pound. MOHAIR New clip. lS22x per pound, delivered Portland. UKAIN BAGS 9c at country points. OUs. LINSEED O.I L Raw, in barrels, $1.02. five-gallon cans, $1.17. Boiled, In barrels, $1.04; five-gallon cans, $1.19. TURPENTINE In drums, 2c; five-gallon cans, $1.07. WHITE LEAD 100-lb. kegs, 18c per lb. COAL OIL Tank wagons and iron bar rels. 17c; cases, 30 37c. GASOLINE Tank wagons and Iron bar rels, 28c; cafes, 40 c. Col Uraph . .. Con (las Con Cigars . . . Cont! Can . . . Contl Candy.. Corn Prod . . . do pfd Cosden Oil . . . C R I & P do A pfd... do B pfd... Crucible do pfd Cuba Cane . . . do. pfd . . . . . Cub Am Sug." Del & Hudson. Dome Mines.. D & R G do pfd End! Johnson.. Erie do 1st pfd. . do 2d pfd. .. Fam Plavers.. Fed M & Sm.. do pfd Fisk Tire O as ton Wms.. Gen Cigars . . . Gen Electric... Gen Motor ... do 6s . . . .. Goodyear .... Gen Asphalt... Goodrich .... Granby Gt Nor Ore. . . do pfd Greene Can . .. Gulf S. Steel. Hupp Motor.. Houston Oil... Ill Central Inspiration . . . Int Agr Corp. do pfd Interboro .... do pfd ..... Intr Callahan. Int Harv do ptd Int Mer Mar.. do pfd Int Nickel ... Int Paper .... do pfd Invin Oil .... Island Oil ... Jewel Tea . . .. K C Southern. do pfd Kelly-Spgfld .. Kennecott .... Keystone Tire. Lack Steel . . Lee Tire .... Lehigh Valley. Lcrillard .... L & N Maxw Motor.. do 1st pfd.. do 2d pfd Mex Pet Miumi Mid States Oil. Midvale Steel, M K & T do pfd Mont Power. . . Mo Pac do pfd Mont Ward .. M St P &SSM. M & St L Nat Enamel... Nat Lead .... Nev Cun New Haven . . Nor & West. .. Nor Pac Nov Sco Steel. N Y Air Brk.. N Y Central. .. Okla Prod ref. Ont Silver ... Ont & West. .. Otis Steel . . . w Pac Oil Pac G & E. .. Pan Am Pet. . do B pfd... Penna Peo Gas Pere Marq. . . . rnna CO 500 3O0 100 1.300 41H) 800 1.900 3.6O0 5,300 ' Ylio 7O0 2.900 300 200 'i.Yoo 3,300 200 3.200 1,000 200 200 8.900 100 2.200 2.700 3.100 '906 100 100 800 100 400 i.Vo'o 300 200 1,300 100 100 500 3,100 45,900 200 6O0 1,500 IOO 300 8O0 300 700 55 40 ios 35 53 02 'A 7 15 10 23 25 . 38 30 50 "34 56 4 85 1 66 97 80 x. 30 71 61 57 ' Vl'i 26 14 107 35 25 51 61 7 15 10'i 22 24 36 28 49 34" 55 4 85 . 1 64 97 29 71 60 55 '. 's 24 14 Bid. 13 36 22 14 1 30 70 26 32 25 119 ION 16 35 4 37 10 48 5.1 32 23 78 98 4 7 35 67 25 71 89 52 102 117 116 67 26 8 36 1)4 78 76 82 23 66 95 35 49 44 9 4 11 10 55 37 6S JO f 3 Liberty Bond Quotations. Range of liberty bond quotations, fur nished by the Overbeck & Cooke company of Portland. Liberty 3s L,inerty, iirst 4s .... Liberty, second 4s . Liberty, first 4 Ms .. Liberty, second 4s. Liberty, third 4s.. Liberty, fourth 4s. Victory, 4s Victory, 33 High Low. Close. $87.76 $87.62 $87.62 87.10 86 78 86.64 86.56 87.46 87 30 87.20 86.78 86.68 86.68 91.30 91.20 91.22 86.96 86.84 86.48 98 46 98.38 98.44 98.44 .Mining Stocks at Ronton. BOSTON. June 27. Closing quotations Allouez 20 IMohawk 47 Calu & Ariz... 45iNo5rth Butte .. S Calu & Hecla..225 Ouincy 37 Centennial .... 5 I Superior 3 Cop Range .... 32 iSup & Boston... 1 East Butte ... 7 Shannon 5 Franklin 7 Utah Con 2 lsIe-Royalle ... 18 IWinona 40 Lake Copper... 2 1 Swift Ac Co. Stocks. Closing prices for Swift & Co. stocks at Chicago were reported by Overbeck & Cooke company of Portland as follows: Swift & Co 91 Libby. McNeil & LIbby T National - Leather 6-'4 Swift International 23 Money, Sliver, Et. NEW YORK. June 27. Prime mercan tile caper, 6'iSiB per cent. Time loans, steady; 60 days, vv days ana six months. 6 per cent. Ca II money, easy: high. 0 per cent low. 5 per cent; ruling rate, 5 per cent; closing bid, 4 per cent; offered at 5 per cent; last loan, it per cent. Bar silver, domestic 99c; foreign, 58 c. Mexican dollars, 44 c. LONDON, June 27. Bar silver, 35 d per ounce. Money. 4 per cent. Discount rate, short bills, 6 per cent. Foreign Bonds. Foreign bond quotations furnished by the Overbeck & Cooke company of Port land: 61 7 15 10 22 24 3U 29 48 26 33 55 4 84 24 44 1 64 9 28 71 59 55 16 16 67 12 18 13 1 54 127 10 55 30 55 12 18 '56 6 1 54 9 52 29 65 64 200 200 300 1,000 ' ' 800 800 400 3,600 i .100 2,000 20 1,700 400 1.0OO 300 900 400 100 300 ' 'lOO 33.700 200 1,000 100 200 300 1,800 1,400 900 200 400 IOO 200 600 100 1.800 1.500 300 30 11 53 89 32 4 84 'io 48 13 52 Ti 'ii 8 30 11 51 8S 32 82 'io'-- 46 13 49 'iiii' 3 9 24 24 14 93 16 1 53 12 17 12 01 6 I 1 54 124 02 9 52 2 IS 26 64 21 28 11 51 1 32 6 . 37 3 10 N2 100 10 46 13 50 5111 11 3 37 35 10 3a 48 ios" 118 21 23 2 10 35 'is" 108" 112 20 10 23 2 19v 38 IS 'ii 44 74 11 is 92 69 68 18 37 . 17 "ii" 43 74 m 10 16 91 67 67 1 200 6.800 700 12.400 2.100 2.900 1.100 1.200 300 Pure Oil 1.200 Pierce Arrow Pierce Oil Pitts Coal . . .. Pitts & W Va. Pr Steel Car.. Pullman Ray Con Reading Remington ... Replosle Steel Rep I ft S ... do pfd ...... Rep Motors... Ryl Dutch Oil Ry Steel Spg.. S O lnd Sears Roebuck Shattuck Aria. Shell T &.T. .. Sinclaio Sloss Shef . . . So Pacific ... So Railway... do pfd St L & S F... Strom Carb. . Studebaker . Swift ti CO., 10,000 300 300 400 100 '206 8,000' 200 1.000 100 3.300 100 '6.200 100 1.100 11.400 300 . 5.200 .. 1,700 200 S00 300 . 85,800 9 35 52 50 45 33 51 18 '26 19 8 55 26 65 'iV 6 '26 45 52 74 6 41 21- 72' 19 " 22 31 75 9 34 51 4S 43 33 4:1 n IS '26" 16 8 54 25 65 'l2' 63 20 43 51 74 66 6 40 20 'ii" 18 ' 21 31 72 24 .11 35 18 10 35 25 47 143 107 3 3 112 20 11 2 o 4 48 ' 18 37 62 11 43 73 10 lia 90 67 21 54 67 1 S 17 9 84 51 48 43 33 49 17 2his 26 17 8 54 25 64 93 12 63 . 18 20 43 7.) "12 51 74 62 67 6 40 20 3T 70 IS 43 21 30 72 81 Russian 5s. 1921.. Russian. 5s, 1926 Russian 6J. 1919 . French 5s. 1931 French 4s. 1917 ... French 5s. 1920 talian 5s. 1918 British 5s. 1922' British 5s, 1927 British 5s, 1929 British vky 4s British ref 4s Belgium rest. 5s . . . Belgium prem 5s .. German W. L. OS . . Berlin 4s Hamburg 4s Hamburg4s Leipsig 48 Leipsig 5s Munich 4s Munich 5s Frankfort 4s Jap 4s Jap first 4s Jap second 4s ... Paris 6s U K 5'-s. 1921 U K 58. 1922 U K 5a, 1937 Bid. Ask. IS 16 31i 4 14 17 61 63 49 50 70 71 37 40 374 384 366 376 366 376 2S3 293 203 273 66 70 70 73 10 11 11 11 11 13 .y is 14 12 14 14 15 , 12 14 13 14 13". 14 , 69 69 84 85 84 85 not. 99 ....... 99 , 99 99 100 83 83 Foreign Exchange. Foreign exchange rates at close of busi ness yesterday, furnished by Northwestern National bank of Portland. The amount quoted is the equivalent of the foreign unit in United States funds: . Country. Foreign unit. Austria, kronen Belgium, franca ItvlRaria, leva Czecho-Slovakia, kronen Pfi.mark, kroner Ktrtrland, pound sterling Finland, finmark France, francs r.... Germany, marks Greece, drachmas Holland, guilders Hungary, kronen . .' Italy, lire Juic-Slavia. kronen Norway, kroner Portugal, escudos Rfomania. lei Serbia dinara Spain, pesetas Sweden, kroner Switzerland, francs China Hongkong, local currency . Shanghai, taela Japan, yen NEW YORK, June 27. Exchange irreg ular; sterling demand, $3.75 : cables, $3 76; francs, demand 8.05, cables 8.07; Belgian francs, demand e.03, cables a. 00 guilders, demand 32.95. cables 33.05; lire, demand 4.85, cables 4.87; marks, demand 1.34 cables 1.35: Greece, demand o.90; Sweden, demand ' 22.42; Norway, demand 14 45; Argentine, demand 30.50; Brazilian, demand 11.50; Montreal, 11 per cent discount. Rate. .$.11025 . .0808 . .012 . .014: . .172 .3.78 . .0172 . .0815 . .0142 . .061 . .3365 . .004 . .0505 . .0080 . .146 . .140: . .0162 . .03 . .1332 .2"2 ! !l706 . .67 . .495 . .4825 CATTLE OFF HALF DOLLAR DECLIXE TAKES PLACE I" ALL CLASSES AT STOCK YARDS. Valley Lambs Sell Quarter Under Regular Quotations Hog Market Is Steady. There was a large run of cattle at the yards yesterday and the heavy proportion ot off-grade stock had a weakening ef fect on the market. There was a general decline of 25 cents in the forenoon and an other cut of 25 cents later in the day. Hogs were steady, with the usual quarter premium on diversion stock. Sheep were alsc steady, but valley lambs had a weak undertone and there were some sales in the afternoon 25 cents under quotations. Of the total run of 105 loads of stock. three loads of cattle, one of hogs, two of sheep and a mixed load of hogs and sheep went through. Receipts were 2001 cattle, 128 calves, 733 hogs and 4537 sheep. The day's sales were as follows. 5 3 4.50 6.75 !oo 6.2 6.o 5.201 6.25 6. 6.50 6.50 6.60 6.60 4.50 7.0O 5.501 5.50 6. 511' 6. 001 5 75 5.75 4.501 6 Wt. Price. 11 steers 1017 $ 5.35 2 steers 1070 5.35 7 steers 92o 2 steers 965 27 steers 1152 2 steers 1170 3 steers 1100 23 steers 1122 26 steers 1121 6 steers 1176 19 steers 1 155 26 steers 1154 15 steers 1022 10 steers 971 3 steers 1203 19 steers 875 2 steers 430 3 steers 1130 2 steers 830 3 steers 9S6 3 steers 1026 2 steers 1225 2 stores 1230 12 steers losl 2 steers 1025 4 steers 1020 25 steers 990 24 steers 1245 3 steers 1190 15 steers 445 13 steers 995 26 steers 1151 26 steers 1175 8 steers 9S0 4 steers 1072 15 steers 1146 14 steers 895 5 steers. 813 5 steers 864 2 steers 1007 5 steers 1214 5 steers 1108 28 steers ions 23 steers 10S5 5 steers 91S 26 steers 1190 6 steers 911 :5 steers 817 3 steers 973 7 steers 1018 5 steers 1076 3 steers 960 17 steers 1001 13 steers 1068 2 cows. 1175 4 cows. 555 2 cows. 870 8 cows. 820 2 cows. , 1040 2 cows. 815 7 cows. 765 2 cows . 950 2 cows. 1110 6 cows. 575 4 cows. 1130 4 cows. 805 2 cows. 1005 19 cows. 1114 2 cows. 1200 970 822 750 1 hog.. 96 hogs. 84 hogs. 1 hog.. 2 hogs. 52 hogs. 10 hogs. 8 hogs. 19 hogs. 2 hogs'. 0 hogs. 18 hogs. 2 hogs. 8 hogs. 1 hog. . 21 hogs.. 1 hog. . 4 hogs.. 1 hog. . 7 hog. . 1 hog. . 1 hog.. 3 hogs.. 24 hogs.. 1 hog. . .- 8 hogs.. 6.251 16 hogs.. 6..W 100 lambs 5.00, 21 lambs 6.75 21 lambs 6.501 12 lambs 6.50ilS6 lambs 6.50; S lambs 6.25 255 lambs ft.OOl 1 ewe. . 6.50 1 ewe. . 4.50 1 ewe. . 4.50 68 yearl. 4.00 52 yearl. 5.00:211 yearl. 5.50 2 yearl. 5.50 3 yearl. 5.50 16 yearl. 6.25 17 yearl. 00! 3D yearl. Wt. Price. 300 I 7.00 162 9.25 195 9 6.50 5.00 4.50 5 5.50! 4.50' 'J cows. 2 cows. 3 cows. Scows. 1075 18 cows. 911 3 cows. 2 cows. 2 cows. 7 cows. 2 cows. 2 cows. 2 cows. 7 cows . 6 cows. 29 cows. cows. 14 cows. 14 cows. 2 cows. 3 cows. 5 cows. 6 cows. 6 cows. 7 cows. 5.50 5.O01 4.00 4.50 5.25 55 5.50i 5.50; 4.75 5.00! 5.00 4.50 4.501 5.25 4.00 5.25! 5.001 8.00 5.00 4.00 3.50 5.00 5.50 4.00) 5.75 5.75 4.00 3.50 5.50 3.50 4.0j 5. 25 5.25 5.25 2 50 3.50 5.50 5.25 5.50 SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO, June 27. Vegetables Asparagus, 3i&10c; potatoes. $1.2o'S'2.25; on'ons, new red, a'Jyoc; green, ti.aoff 175 box: tomatoes. Imperial, $1.2of?2 crate; Merced, $2rg;2.25 box; garlic, 4fcibc; peppers, 103?20c; peas, 5'6'6c; beans, string, $1 sack; garden, 1012c; beets, 51.75i2 sack; carrots. $1.251.50 sack. Poultry Hens. 20(u.)3c: . broliers, 3uw 31c; fryers, 3255c; young roosters, 20 25c; old roosters, 15 18c; ducks, 25 30c; geese. 253oe; turkeys, live, 35c; dressed, 451150c; Belgian hares, live." 13'&,14c: squabs, fancy, 3540c; pigeons, $3 dozen. Fruit Oranges, valencias. $3C4.60; lem- ns. $ti7.50;-grape fruit, $2.50)4; straw berries, 50&70c drawer; loganberries, 25 40c drawer; raspberries, 75e&$l; black berries, 3040c; cherries, 7ig l2c; Bings, 5&2 box; apricots, 7ac$1.25 small ug; peaches, si.jtjf crate: cantaloupes, standard, $22.50; ponies, $1.5002; Hats, ,Vi90c; figs. 4065c single layer box; urrants, $11.20 drawer; plums, $1.50 o crate; watermelons, 2Q!3c; grapes. $3.50 lug. Receipts Flour. 5234 centals; wheat. 1 136 centals; barley, 4275 centals; oats. 800 centals; beans, 1520 sacks; corn. 1740 centals; potatoes, 2392 sacks; onions, 223 sacks: hay, 551 tons; butter, 880 centals; gs. 92.722 dozen; cheese, 186 centals; ides. 7o2 bundles; lemons and oranges. 4000 boxes- 011 890 1040 1174 900 1050 975 1044 1018 995 100(1 833 1012 1190 950 10X4 8S0 1039 944 3 cow. 1050 . 4.00 6 cows. 1168 8.00; 928 1335 1042 250 220 1O0 266 170 302 280 260 206 210 350 158 320 353 130 170, 100 111) 130 201 1280 cows. 2 cows. 15 cows 1 calf . . 1 ca!f.. 1 calf.. 5 calves 1 calf. . 7 calves 2 calves 1 calf. . 8 calves 1 calf. . 1 calves 7 calves 1 calf. . calves 1 calf.. 1 calf.. 1 calf.. 1 calf. . 8 calves 35 calves 1 bull.. 1 bull.. 1310 1 bull. . 1600 3 bulls. 476 1 bull.. 1730 1 bull.. 1700 1 bull,. 910 14 mixed 577 5 mixed 8SR 5 mixed 1006 12 mixed 934 28 mixed 988 79 hogs. 231 45 yearl . 38 wethrs 53 wethrs 9 wethrs 1 wether 5 wethrs 8 mixed 1 steer. 1 steer. 2 steers 3 steers 1 steer. 1 steer. 2 steers 1 steer. 28 steers 29 steers 3 steers .2 steers 16 steers 25 steers 1 steer. 2 steers 1 steer. 1 steer. 1 steer. 1 steer. 3"sleer8 1 steer. 5.501 II) steers 4. Ouf-12 steers 28 steers 4 steers 3 steers 14 steers 1 cow . . 1 cow. . 1 cow. . 23 cows. 2 cows. 2 cows. 1 cow . . 5 cows-. 12 cows J 5 hogs.. 5 hoss.. 12 hogst. 20 hogs.. 2 hogs. 6 calves 3.00 4 calves 3.00i 8 calves 5.00! lcalf.. 7.50: 14 calves 6 .001 lcalf.. 4.00 lcalf.. 4.00 4 calves 4.001 1 bull. . 6.001 1 bull.. 4.501 14 mixed 4.50 2 hogs.. 8.00: 81 hogs.. 8.00' 10 hogs.. 25 hogs.. 47 hogs.. 1 hog. . 3 hogs.. 5 hogs.. 6 hogs.. 11 hoss.. 7 hogs.. 4 hogs.. 4 hogs.. 4 hogs.. 7 hogs.. 7 hoK. . 6 hogs.. 26 hogs.. 3 hogs.. 5 hogs.. 4 hogs.. 10 lambs 25 iambs 4 ewes.. 95 mixed 4.50; 8.00 4.00 3.00 6.00 8.00 7 50 8.00 7.50 6.75 3. 8.00 3.35 4.00 3.50 3.50 3 00 5 00! 5 0O1 5.501 4,75 4 75 9.001 560 360 1H5 2S8 178 201 125 125 1S6 195 211 300 55 430 220 2S0 310 350 230 1S3 235 200 201 228' 71 50 86 62 869 64 16(1 150 130 89 1S5 96 85 86 92 95 101 . 78 135 117 108 130 118 113 870 810 8S0 813 8AO 1140 1045 830 950 824 570 710 1092 1155 810 850 830 1210 8S0 990 1113 1170 939 1225 1033 520 570 1042 1250 1260 950 928 1100 810 940 932 1058 936 994 973 916 430 1.15 172 242 30 162 240 200 147 5S0 1620 1016 165 19S 279 1S8 192 2(10 196 196 205 290 305 197 2R2 157 248 2S0 185 191 190 262 232 92 S3 140 143 6.2 7.25 8.35 7.00 8.75 8.75 8.75 8.75 8.75 8 8.75 7.75 8.00 5.50 8.75 7.7 6.25 6 25 8.75 8.75 8.40 8.75 8.75 8.40 8.50 4.00 6.00 5.00 6.25 6.25 6.25 2.00 2.00 2.00 4.50 5.00 5.00 5.00 5 00 5.00 5.00 5.00 5.00 4.50 3 4.50 4 50 4.50 3.IO0 5.00 4.00 5.00 5.00 5 6.50 6.50 ' 4.75 6.00 5.00 5.00 5.00 6.50 7 35 5.00 5.00 4.00 3.75 6 50 6.50 6.50 6.50 6.65 6.50 7.25 5.00 3.50 6 00 5 75 5.75 4.00 5.00 5.00 5.75 5.75 5.00 5.50 5.65 4 O0 S.83 5.65 5.00 7. 50 8 00 5.2 4 00 7.50 6 00 8.00 7.00 3 50 3.00 5.50 9 00 9.13 7 1, 9.2: 9.25 7.25 9 00 9.00 9.00 7.25 7.25 9.00 8. 65 9.00 8.40 8.75 western. $10: some held higher; sheep steady; ewes, $4; feeders, dull. Seattle Livestock Market. SEATTLE, June 27. Hogs, steady; re ceipts. 32; prime. $8.754f9.25; smooth heavies. $675'7.25; rough heavies, $1 5.50: pigs. S 8. 50 6 10. Cattle Weak; receipts. 262. Quotations: prime steers, $6.757.25; medium to choice $5 506650; common to good, $4 505.50; best cows and heifers. $5.23ri 5.75; medium to choice. $4.505.50; common to good. $3.504 50: bulls. $3.509 4; light calves. JGJf 7; heavy calves, $45. a ' Butter Prices Are Unchanged. The cube butter market was - reported steady, with no change In prices. There j was no surplus of top grade butter on the market. Eggs moved fairly well at last week't prices. "Buyers paid coiintry shippers 22 cents, case count, and 24 cents, loss off. Jobbers held selects at 29 cents and or dinary candled at 27 cents. There was more demand for spring chickens and 25 cents was obtainable for good slxe- Hens were quoted at 18 and 24 cents. Country dressed meast were unchanged. FREE RECEIPTS EXPECTED CHICAGO TRADERS BELIEVE LARGE MOVEMENT AHEAD. Predictions of Increased Shipments Have Bearish Effect on Wheat Market; Coarse Grains Lower. CHICAGO, June 27. Misgivings that there may soon be a period of burden some receipts had a bearish effect on the wheat market today. Prices clod heavy, lc to 2c net lower, with July 1.2S to J1 28 and September Jl.23i to Corn lost lc to lc and oats c to lc fi14fac. In provisions, the outcome varied from 2i4c. decline to a like advance. Predict ona that a tree movement 01 new wheat waa aneaa arew special u tentlon to the fact that there was no diminution apparent In the movement of old wheat, and that the northwest mar kets as well as those In the southwest werei receiving much more grain than a year ago. This situation in tne iinai wee m the old crop year was taken to Indicate n.,t nt euiinn even in case the movemen of new wheat ahould only be 01 noimai volume for the season. Under such cir cumstancea, continuation of adverse weather for growth northwest and for har vesting southwest failed to stimulate buy. Inc. On the other hand, the economic nntinnir was retarded bv many as a bear ish factor and with a threatened strike of elevator employes tended to Increase sen Intr nreiuure. AhnnrniAllV heaW tftOCkS In Sight did S good deal to force lower prices both for corn and oats. ' provisions during most of the day aver aged lower in sympathy with grain and hogs. , 9.25 8 75 8.75 8.75 6.0O 750 2 00 2.00 Livestock prices at the local yards fol- Choice steers '. $6 50700 Medium to good steers 5.50(ft6.25 Fair to medium steers 4.755.50 Common to fair steers 3.00Ti4.75 Choice cows and heifers 5.00CT5.50 Medium to good cows, heifers.. 4.250(5 00 Fair to medium cows, heifers.. 3.25f?4.23 Common cows 2 25&S.25 Canners 1.30&225 Bulls 2.30 (fr 3. 73 Choice dairy calves S.OOfS '8.50 Prime light calves 7.50WSOO Heavv calves 3 006 4.50 Chcice feeders ,. 4 5065.00 Fair to good feeders '. . 3. 60 6 4. 50 Hogs Prime lieht 8 75IS900 Smooth heavy. 250 to 300 lbs .00ft 8 00 Smooth heavy, ,100 lbs. and up. 6.OO1S17 00 The Chicago market letter received yes terday by the Overbeck ft Cooke company of Portland said: Wheat Started steady but buying power was again lacking and the market devel oped considerable weakness on scattered selling of a general character. About the only item of news conducive to easiness in futures was a decline of 1 cent In local spot premiums. Crop news and statistics nnlfn bullish, messages irom tne iimW! telling of deterioration over wide area, while for the first time this season. Canada complained of the crop making poor progress in certain 'uiito due to dry weather. Southern Illinois ano iiwiina as well as Kansas. Oklahoma and Missouri, Teported harvesting of wheat delayed and considerable damage done by excessive rains. The decrease 01 i,-.-u.uuv bushels in the visiDie supply was - what of a surprise, considering she liberal movement. Minneapolis and Kansas i-uy quoted choice milling wheat strong and from 5 to 10 cents higher with a good demand. The prevailing trade lethargy, which Is responsible for the present weak .... in the market, cannot be expected permanently to overshadow stronger bull ish inriuenee. ... u rA,n Kollinir nressure. led by cash houses, was not particularly large, but. as in wheat, there was niutlicieni oumor nri iho market ruled weak. Sales of on,- 000 bushels to go to store had a tendency to check buying as tney were taaen m Indicate a poor demand for the cash article. Spots were steady at Saturday a basis. Crop advices continue very favor able with the copious rains Deing Dcnr ficial. From the standpoint of intrinsic value we believe the line of least resist ance will be on the long side of the market. Oats There was considerable liquidation In progress in this market, induced mainly by the weakness in other grains. Cash prices were to oents lower and the trading basis without important change. Shipping sales were 200.000 bushels. Crop advices were very pessimistic and will probably be felt in a market way as soon as there is some indication of steadiness In other directions. Rve Buying by seaboard Interests of September was the outstanding feature and waa followed by advices from the east to the effect that a fair amount of ex port business was being done. Cash rye was relatively steady at 3 cents over July for No. 2 on track. Leading futures ranged as follows: WHEAT. Open. High. Low July... $ 1.30 $ 1 30 $ 1. Sept... 1.25 1.26 1. These General Obligation Bonds Are Prior to All Forms of In debtedness, Mortgages Included Income Tax Exempt Principal and Interest Paid Out of Taxe City of Bend, Or. 6r0 Bonds Due 1931, to Yield B' This bond has over $7,500,000 worth of property .. as security as against a total bonded indebted ness of only $160,000. Bonds are legal invest ment for Savings Banks. n OTHER GENERAL OBLIGATION BONDS . Which We Strongly Recommend Issue Rale Clackamas County 5To Adams County. Wash o Douglas County, Wash VY, r t ' rf Due 1027-28 102S-40 11)21 Yield 6'i. C'.i WRITE FOR OUR GENERAL LIST LUMBEEMENS Broadway and Oak ZSSBij. gations throughout the county have been concluded. pot QUOTATIONS O.N DAUIV PKODICE Market Trices Ruling on Butter, Cheese and lies". SAX FKANCISCO, June 27. Butter Extra choice, 3Sc; prime firsts, 33c; Cali fornia firsts, 30c. fciies Kxtras, 2Sc; exlra firsts. 27c; firsts, nominal; dirties, 27c; extra pul lets, 2tc; undersized pullets, 22c. Cheese California flats, fancy, lffc: California firsts. 17c; California Young America, fancy, 22c. CHICAGO, June 27. Butter Higher; creamery extras, 34c; standards, 33c; firsts, 28 33c; seconds, 24a-'iC. Ekks Higher; receipts. 15,750 cases; firsts, 25(l2tic; standards. 20 & 27c; ordinary firsts, 22Sj 23c; at mark, cases included, 2-1! 25c. NEW YORK, June 27. Butter Firm. Creamery, higher than extras, 35ij3lle; creamery extras, 3JU ":; llrsts, o-w 84 c Kggs Firm. Fresh gathered extra llrsts, 9i31c; firsts, 2iif20c. Cheese Firm. State whole milk flats. flfsh, specials, 15. j III :; state Whole milk, twins, specials, 15(rltc. SEATTLE, June 27. Wholcsalo prices to dca lers: KKgs Select lntal ranch, white snens. 2Sfi2lc; do. mixed colors, 275f2Sc; pullets, 23W24C. Butter City creamery, cubes. 34c; bricks or prints, 3.V; country creamery, extras, coat to jobbers, In cubes, 30c. Crude Oil l'nrrs Cut. FI.VDLAY, O., June 27. Further reduc tions In price of central west and V yom Ing crude oils were announced here today by the Ohio Oil company. Central west grades were all cut 25 cents a barrel, while Wyoming crudes were reduced 15 cents. New Wyoming prices are: tjrass Creek, II; Elk Basin, f.1: Big Muddy, 50 cents. Rock Creek, wi cents; l-ance ireea, H5 cents and Mule Creek, 4o cents. Ttn.I.TN'ris. Mont.. June 27. The Mid- West Refining company and the fclk Basin, Petroleum company annoum-ea tooay a re duction In the price of Cat Creek crude oil of 15 cents per barrel. The cut fol lows closely similar reductions In the mid- continent and Wyoming fields. Naval Stores. SAVANNAH. Ga.. June 27. Turpentine firm. 52c. Sales. 271; receipts, jut; snip menls, 34; stock, 0345. Rosin firm. Sales. 1'J. 2; receipts, mi, shipments. 1.150; stocks, id.s.o. wuoie B. of refined sucar to the basis of 5.30c s, pound fjr fine granulated. NEW TOrtK. June 27 Row siicar cents for cenlrlfuKiil. Itcfined, 3.JU0 to 5.50c tor fine granulated. Cotton Market. NEW Tnniv, June i'7. Spot cott I quiet. Middling 1 1 "". Fhone your want ads to Th Or gnninn. Slnln 7070. Autnmntir Mio-S We deal in all issue United States Government securities including now issue of 53A United States Treasury Gold Notes Due June 15, 1921 Information on Request for OR M The National City Company Offices in more than .'i0 cltit Icon HI fir., I'orllnnd. Or. 'Irlt'phoue Main H7- r D, 3.50; B, $3 55: F. J3.6II; G, 3.tn; H. 3..'i WG, $5.00; $3 75; K . $4; 11, $4.40. j WW. $u.50. New York Sugar Market. NEW YORK. June 27. The Federal Su gar Kenning company .......-. colher reniieimn m r"""- ... Close. !S I.2M 13 1.23 July.. Sept. . July.. Sept.. July... Sept... .02 .63 .3 .40 CORN. .02 .03 OATS. .3S .40 .M .61j, .37 .3D .61 .01 .37 .3 ME-SS PORK. 17.80 16.00 . Rough heavy .. Stags Fat Pigs Feeder pigs feheep East-of-mountaln Iambs Feet valley lambs Cull lambs Heavy -yearlings Light yearlings Light wethers Heavy wethers E-wes 4. 008 7.00 3 0017.00 R75f00 8.506 9.00 6 50 T 7. 50 6 00 . 75 4 00 i 5 00 4 0n4 5O 4. 50 5.00 4.004.50 S.0('.4.00 100 6 3.50 Coffee Futures Strong:. NEW YORK. June 27. The market for coffee futures was higher today. It looked 3 if July liquidation - had been pretty ell- completed last week and there was covering on rumors that the .Brazilian government might adopt measures for re tarding the movement of coffee from the interior to the ports. The rumor served to check fresh seljfng, and after opening at an advance of 7 to 17 points, active months sold about 86 to 43 points net higher, with September touching 6.42c. Closing prices showed net gains of 35 to 41 points. July, 6.05c; September, 6.42c; October. 6.55c; December, 6.83c; January, 6.0c; March, 7.21c; May, 7.83c. Spot coffee dull. Rio 7s, 6c; Santos 4s, 08c. Metal Market. NEW YORK. June 27. Copper quiet. Electrolytic, spot and nearby, 12 13c; third quarter. 13il3c. Tin firmer. Spot rfnd nearby, 29.25c. futures, 29.25c. Iron nominal. No. 1 northern, $24 26; No. northern, $2324; No. 2 souUi ern, $2021. Lead quiet. Spot, 4.40c. 2inc steady. East St. Louis deUvery, spot, 4. 2.114. 35c. Spot antimony, 4.906'5c ' I Kansas City Livestock Market. KANSAS CITY, Mo., June 27. (United States bureau of markets.) Cattle Re ceipts. 13,500; beef steers 10c to 15c lower: some bid 25c lower; top, $x.20; bulk, $6 50 8: yearlings, steady, best $H.25; she stock and bulls, steady to 15c lower: choice yearling heifers. $7.85 8: few cows $5..-0 r5.75; bulk common and medium ktnd 13 50S4.50; bulls, mostly $44.50; top vealers. $9; few late above $S.50; stockers weak to lower; medium to good kind. $4 50 5 75. Hogs Receipts. 11.000: 10c to I5c lower. mostly 10c lower than last week's close: best lights and medium top packers and shippers. $8.50: 2S0 and 320-pound aver ages, $8.15iy 8.25; bulk of sales. $H 20-0 8.45; packer sows and pi?s, 10c to 15c lower: few choice stock pigs $8.25. Sheep Receipts, 4500; sheep steady to 25c lower: most 'fat native ewes $3.50 3.75: yearlings. $8.50; native lambs mostly 50c lower, some sales off more; top, $10.25; bulk better grades. $9 50jil0. Chicago Livestock Market.' CHICAGO. June 2T. (United States bureau of markets.) Cattle Receipts. 20.000; dull, undertone lower; few early sales beef steers; she stock 15c to 25c lower; choice yearling steers and heifers. $8.50; bulk beef steers, $7i&8; bulk fat she stock, $4.506; canners and .cutters largely $1.5053 bulls, 10c to 15c lower; bulk bologna. $3.756 4: bulk bulls, $4 50g5.75; veal calves, sharply lower. Hogs Receipts. 50,000; active; mostly 10c to 15c lower than Saturday's average; packing grades off most; top, $8.70; bulk, $S.1068.65: pigs. 10c to 15c lower. Sheepi Receipts, 23.000; practically no early sales; choice western lambs offered at $11: choice natives bid, $10.60: around 75c lower than Friday; yearlings unevenly lower; aged sheep slow. Omaha Livestock Market. OMAHA, 'June 27. Hogs Receipts. 10, 000; slow, mostly 10c to 15c lower: bulk, 180 to 240-pound ' butchers. $8. 15 ft 8.40 ; top, $8 45: bulk butchers. 250 pounds and over, $7.858.10; packing grades. $7.50 7.75. Cattle Receipts. 4300: beef steers, stesdy to 25c lower; top steers, $8.25; other classes steady to weak. Sheep Receipts, 11,54)0; lambs SOo lower; July.. Sept. . Jury.. Sept. 10.10 10.42 10.15 10.50 10 35 10.05 $1.38 S 1.39 ; No. 2 I 3 I LARD. 10.10 10 15 10.45 10.50 . SHORT RIBS. 1032 10.35 10.32 10.00 10.03 10.00 Cash prices were: Wheat No. 2 red, hard. $1.42. Corn No. 2 mixed, 60f61c; No. yellow. 61462c. Oats No. 2 white, 37C38c; No. 3 white. 36S'37c. Rye No. 2. $1.25. Barley 62i5'67c. Timothy seed $4 50ig6. Clover seed $13(8 19. Pork Nominal.. Lard J! 0.07. Ribs ?9. 75 H 10.75. Minneapolis Grain Market. MINNEAPOLIS. June 27. Barley, 44 00c. Flax, No. 1. $1.811S3. Wheat July, $1.29; September, fl.29. Winnipeg Grain Market. WINNIPEG, June 27. Cash wheat. No. 1 Northern. $1.804; No. 2. $1.85; No 3, $1.82; No. 4. $1.72. Oats, No. 2 white, 49c; No. 3, 45c; No. 1 feed, 43 c; track. 48 c. Futures Wheat, July, (1.81; October, 1.44. Duluth Linseed Market. DULUTH, June 27. Linseed on track and to arrive, $1.84. Seattle Grain Market. ' SEATTLE. June 27. Wheat, hard white, soft while and white club. $1.22; hard red winter, soft red winter, northern spring and eastern red Walla, $1.20; Big Bend bluestem. M.25. City delivery Feed, scratch. $50 per ton; baby scratch feed. $07: feed wheat. $54; all grain chop. $42; oatsN $39; rolled oats. 41; sprouting oats. $44: 'whole bar ley. $35: milled feed. $33: bran, 30; whole corn, $40; cracked coin, $42. Hay Alfalfa, $22 ton: double com pressed alfalfa, $20;-do timothy. $30; Eastern W ashlngton. mixed, $26; straw. $22. - Grain at San Francisco. - 'SAN7 FRANCISCO. June 27. Grain Wheat, milling. $2.1562.20; feed. $2 l.'.tj 2.20; barley, spot feed. $1.101.12; shipping. Jl.2Oll.80. Oats, red feed, $1.23(31.35; corn, white Egyptian, $2.3uty 2.40; red milo, $2fi'2.15. Hay Alfalfa, n14: wheat, $13jrl8; oats, I10&15; barley, $10i6'12. Foot Rot In Spokane Wheat Fields. SPOKANE, June 27. More than 2000 acres of wheat fields in Spokane county are affected by a disease new to this sec tion, known as "foot rot," according to County Agent 6. V. Patton, who has been conducting an investigation with experts or Washington State college. In some districts 40 tor 85 per cent of the wheat stems were diseased, the county agent re ported. The infection cuts the stems off at the. ground and leaves the crop worth less, except for bay, he said. The invest!- 8 for 20 years $25,000 United Drug Co. Due June 15, 1941 Callable at 115 a i oo 500 ainoo The business of this company Is done principally through its fcflOO stockholder agents (Rexall Stores) and Its 227 "Ugnett Drug Stores." The combined sales of the company and Us subsidiaries during 1120 totaled $6S.42S,179. Annual sinking fund of JT'.n.flOO to he annlied to the purchase at the market up to 115. Net earnings for past three vears have averaged, after taxes. $3 S94.B30. exreedinp; Z'i times Interest charges on this issue of $15,000,000 which will represent the total funded debt. The company retailing Its reme dies throuEh its own stores has had a remarkable career since its business was originated in 1902. These bonds are convertible Into Common Stock of the company at $110 per share at holders option if exercised by June 15. 1931. The conversion nriviloee, may become very valuable. The present market value of the romnanv's oirt standing- stock approximates $45,000,000 against these $15,000,000 bonds. It Is reasonable to expect that long; before five years have elapsed market conditions for money will permit refunding; such of this loan as may be then outstanding on a 6 basis, if not considerably better. As suming for illustration, that a 6 funding; opportunity may exist five years hence these & bonds would have a value of 119.60 to earn 67r for the re maining: fifteen years, under which circumstances it would he a e-reat advantage to the company to call them In at 115. H Fwjrr-s 1 Wertanacje i m, iT'i i Entire Supervision cf i i U Taxes Insurance irJaLnixots UTenants Rents Etc Js5 I tAci ' ' iiij.ir.itrMiMi Save Freight time and mistakes In Bhlpplnx by having; Bullinjrer'a Postal and Shippers' Guide for tho ITnited States and Canada. You are then ASSURED of find ing; the proper routine and ALL the little places on rail ani water lines. The authority for 50 years. Over 1200 pages. Delivered anywhere for j. j Write the publishers, Fjj "Bullinger," Boston, Mass. U These bonds will be. listed on the New York and Boston stock exchanges. 20-Year 8V at 100 j Call or phone for details. 1 Preemam t - t smouND fi-ooh camp fj! 1 Firm imu raaa CO Hi s j "lSs 'JasyBjpjsj WHY DOES A BIG SHIP LAST A HUNDRED YEARS? Even though buffeted by storms, it rides the ocean highways as on a cushion. Same way with your car and tires, if the pavement has a cushion such as furnished by tho resiliency in Warrenite-Bitulithic. f A Ont earl, montK buv arry iift4 'a U SloiksrBcra rWci.iK.i U EJ divutoniw Writ t t-JcUd U.I mri lno:.l - r Rr.E J. r. M . Govrn fl' Cv 32 BWOAITWAY f I TOM HOTEL HOYT 6trlctly Fireproof. Near both depots and convenient car soric to all parts of city. Plncle Kooms Without Itulh, I and np btnsjle Kivonis With llatli. fi and UB Kl.BKKT SV. KOItH. Haiunr.