THE 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.