TITE' MORNING CREGOXIAN, THURSDAY, JTTLT 7, 1921
21
PROFIT ON STORAGE
EGGS ELD CERTAIN
Holdings This Year May Not
Be Excessive.
MANAGER UPSON OPTIMIST
Oo-opcration of Oregon Producers
Results In Higher Egg Prices
Being Realized.
Oregon gg producers who stored their
surplus eggs during- the heavy laying;
season are likely to realize a good profit
on the operation, according to U. X. Up
son, general manager of the Pacific cd
operative Poultry Producers, who says the
outlook for the coming fall and winter is
much more favorable than seemed likuiy
last spring.
"The number of cases of eggs going- Into
storage during the month of June was
considerably less than for the correspond
ing period last season' said Mr. Upson.
"The government report of storage hold
ings for June 1 shows that there were in
storage on that date only 742,000 cases
more than were held on the same date In
1019. Receipts of eggs in the five prin
cipal markets of the United States during
the week of June 18 were 100,000 cases
less than for the corresponding week last
year. This means that production is con
siderably lower throughout the United
States than it was last season, while, as
we know, the consumption is considerably
higher. I feel more convinced than ever
that the total cold storage holdings on
July 1 of this year will be little, if any.
higher than last year, and, in view of
the " decreased production and increased
consumption, there is every prospect of a
good market this fall and winter. All
markets are now strengthening and prices
are definitely on the up grade.
"A few poultry men appear to feel,
because we have not been able to main
tain prices this season at or near the level
of last season's prices, that the organiza
tion bus failed in its purpose. It is and
always will be Impossible for any organ
ization to maintain an arbitrary level of
prices or to secure more than the highest
markets will pay less the cost of putting
the products into these markets. It is
only through organization such as this
that even these results can be accom
plished. Suppose for example that there
had been no orzanization. in this field the
past season and that all of the eggs which
the association has stored and those
shipped to New York and other markets
had been dumped by the poultrymen on
their local markets. Can anyone assume
for a moment that they would have re
ceived anywhere near the price they have
received through the association? It Is al
.ways the surplus above Immediate local
needs that sets the prices on the entire
production.
"I have Jdst returned from an organiza
tion trip in southwestern Idaho, and the
conditions I found there are illustrative
of th conditions which would have pre
railed In this section . If there had been
no organization to take care of our sur
pluBg Southwestern Idaho, until this pres
ent season, has not been producing enough
gs to fill the demand of Its local mar
kets, and prices In Boise during previous
years have been on the whole higher than
the prices In Portland and adjacent mar
kets. This season, for the first time. Idaho
is producing more eggs than Its local
markets can consume. In other words, they
have had a surplus above local consump
tion of from 10 to 25 per cent. They have
no organization in that section, with the
result that they have had to accept trom
11 cents to 17 cens per dozen (on June 25)
for their eggs since the beginning of the
season. Our records show that the lowest
price paid by this association was during
the week ending April 21, when the aver
age of "case count" price was 19 cents
per dozen. At the same tlma storage
packed April "firsts" were selling In Chi
cago at 21 H cents and in New York at
204 cents to 30 14 cents per dozen."
WIMKB WHEAT HARVEST IS ON
Early Spring- Grain Is Generally Headed
Throughout State.
Cool weather during the past week,
with occasional light showers, has been
beneficial for all small grains In the state,
according to the weekly crop summary of
the Oregon weather bureau.
Winter wheat has filled weH In most
sections with harvest well under way In
the warmer districts. Early spring wheat
1 generally headed and in some of the
southern counties Is in the dough. The
weather has been rather too cool for corn,
but early corn is tasseling and fair growth
Is reported generally.
Apples, pears and prunes are growing
well. Apricots and early peaches are
rlpsning in Umatilla county and early
apples are In market In some of the
Warmer districts. Cherries, raspberries
and loganberries are plentiful and some
blackberries have been marketed. The
rain caused some cherries to crack and
black rot of cherries Is causing much
damage in Lane county.
The weather has been rather too cool
in some sections for alfalfa and haying
has been retarded by showers, but at the
close of tho week was progressing rapidly.
Ths second cutting of alfalfa is complete
In some southern localities. While pas
tures and ranges are drying there Is gen
erally still ample feed for all stock. Most
range stock has been taken to ths summer
ranges. All stock is in good condition.
Potatoes are doing well except that
lra worms have done some damage In
Umatilla county. Garden vegetables are
plentiful. Hops are making good growth.
HIGHER PRICES FOR BUTTEREAT
Egg Supply Smaller In Producing Centers.
Poultry Value Lower.
A lighter supply, coupled with a better
demand for butter has resulted in higher
markets and better prices for butterfat.
says the weekly produce review of Swift
Co. of Chicago. Quits' a little of the
butter reaching the markets this week Is
selling under top prices, on account of
defects in quality. Better care in market
lng the cream In the country Is necessary
xo remedy these defects.
The egg supply has been smaller, with
higher prices ruling in the producing and
consuming centers.
Poultry values are lower, du to in
creased receipts. Storage stocks are much
savior than a year ago and there is a
tendency toward lower prices, as the
supply or fowl and spring chickens In
Creases.
SAN FRANCISCO PRODI CE MARKET
Prloea Current on Vegetables, Fresh Fruits,
Etc.. at Bay City.
SAX FRANCISCO. July 5. Vegetables
Asparagus, nominal; squash, 91.50 & 2 30
lug; potatoes, $1.25(3 2 25; onions, new
red. 504x75c; green. $1.75(52 box; toma
toes. Imperial, $1.75&2.50 crais; Merced
$1.5&2.jO pox: gariic. 4Gc; peppers,
lOWjnc p, 3 nV; beans, garden 10
ARE FARMERS SMART?
When they have Veal. Pork, Poultry
C'ascara. Beans, Honey, Wax,- Hide'
Wool, Mohair and any other articJes'
they are smart if they ship them to
KlBY & CO.. 169 Front street, Port
land. Or., who have been in business
for 16 .years and are reliable.
VEAL. Pit ICES GONE IP, SCPPLY
fcCAUCE. SHIP AT ONCK
lie; beets, $1.T582 sack; carrots. $1.39
1-50 aack; rhubarb. Jl.23 6l.T5 box.
Poultry Hene, lS25c: broilers, 30
31c; fryers, 334oc; young roosters, 20
3r2oc; old roosters. 1518c; ducks, 25
30c; geese, 2030c; turkeys, live, 33c;
dressed 4550e; Belgian hares, live, 13 1&
14c; dressed, IS -5 20c squabs, fancy, 35
& 40c ; pigeons. $3 dozen.
Fruit Oranges, Valencia, $3 4.50 box ;
lemons. J7.50&8.o0; grape fruit, $2.50
4; apples, red Astrachan, $1 1.50 box;
white Astrachan. $1.75f&2.25; Gravenstein.
$2.7o 3, 4 tiers; strawberries, 65 (g1 75c
berries, 607ic; blackberries. 3o&40c;
cherries. Royal Anne. 10f&12c; Binge. 17
riSc; apricots, 2&5c pound; peaches.
tl.502 lug; cantaloupes, standard $2.50
3; ponies, l.Ti2.23; flats. 11.25;
figs, GO 1 75c single layer box; currants, (1
125 drawer; plums, SI. 50 2.25 crate;
honey dew melons, $12: crate water
melons. 23c; grapes, $2.50$r3.u0.
Receipts Flour, 1124 quarters-; wheat,
1825 sacks; barley, 16,773 centals; oats,
S0! centals; beans, 2206 sacks; corn, 17o0
sacks; potatoes, 4799 sacks; onions, 2o0
sacks; hay, 464 tons; butter. 1S71 centals;
eggs, 74.042 dozen; hides, 218; oranges,
400 boxes; livestock. 220O head.
DEMAND FOR WHEAT IS LACKING
Bids Again Posted at Merchant's Exchange
With No Sellers.
Wheat bids were again posted at .the
Merchant's Exchange, ranging from $1.13
for hard white down to $1.05 for red
Walla for July delivery, but the market
was' inactive. Reports from the country
were also of quiet conditions.
According to a report from Chicago,
commercial estimates of the European
crop make the outturn of wheat about
160.000,000 bushels greater than last year.
The International Institute of Rome
takes a generally favorable view of world
crops with the exception of India and
Japan.
Terminal receipts, In cars, were reported
by the Merchant's Exchange as follows:
Wh't. Bar'y. Fl'r. O'ts. Hay.
Portland, Wed'day. 47 1 3 2 4
Year ago 3 3 1 2 8
Season to date 29U 4 32 19 14
Year ago 371 7 20 6 0
Tacoma. Tuesday.. 30 .. 4
Year ago 15 .. 11 1
Season to date 74 1 8 1 1
Year ago 27 1 18 1 6
Seattle, Tuesday... 13 .. 1 1
Year ago ilfl 1 .. .. 42
Season to date 24 . . 17 2 4
Year ago... 31 2 5 . . 47
CLBE BITTER BUYERS CRITICAL
Price Does Not Advance In Line With
Prints Eggs Steady.
Although print butter went out yester
day at a g-cent advance, the local cream
eries were not disposed to pay that much
more for cubes. Some sales were reported
at 31 cents, but this butter did not grade
as extras. More or less fault was found
with the quality of many shipments re
ceived from the country.
Eggs were steacfV with a fair local de
mand and moderate receipts.
Arrivals of poultry were not large and
prices were generally unchanged.
Dressed veal was scarce and firmer at
13 Ms 14 cents. Pork was steady- at the
old price.
Lemons Reach $10 Box. ' -
There was another advance in lemons
yesterday, which brought the fancy grade
up to $10 a box. Hot weather and strong
demand in the east have created a. bullish
feeling among California growers.
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearings. Balances.
Portland $4.22S.7S $,v;7,012
Seattle 3,145.87 S-S3.945
Tacoma K78,35o 116,124
Spokane l,Sii'2.S7 169,o65
PORTLAND MARKET QUOTATIONS
Grain, Flour and Feed.
Merchants' Exchange, noon session :
Wheat
July.
Bid.
$1.15
1.13
...... 1.12
l.O"
1.07
1.05
Aug.
Bid.
$1.12
1.12
1.10
1 t5
1.05
1.03
Hard white
Soft white
White club .......
Hard winter .....
Northern spring . .
Red Walla .......
Corn
No. 2 E. Y. shipment 29.50 28.00
FLOUR Family patents, .o per par
rel; whole wheat, $6.00; graham, $0.40;
bakers hard wheat. t .76: oaKers oiue-
stem patents, $7.25; valley bakers', $6.50;
straigr.ts, $6.50.
MILLFBED Prices f. o. b. mill: Mi 11-
run. $32 per ton: rolled barley. $35 37;
rolled oats, $38; scratch feed, $50 per ton.
CORN Whole. $39: cracked, $42 per ton.
HAY Buvinr or ice f. o. b. Portland:
Alfalfa, $16 oer ton: cheat. $20 per ton;
clover, $13 per ton; valley timothy, $24;
eastern Oregon timothy, $26.
Dairy and Country Produce. '
BUTTER Cubes, extras, 32c per pound;
prime firsts, 31c ; prints, parchment
wrapped, box lots, 3Sc; cartons, 39 a. But
terfat. buying price: A grade, Z'2ct B
grade, 30c; Portland delivery. -
EGOS Case count, 2iS20c; candled
ranch, 2Sc; selects, 30c.
CHBESB Tillamook, triolets, orlce to
Jobbers, f. o. b. Tillamook, 10c; Young
Americas. 20o pound.
POULTRY Hens. 17 24c lb.t snrines.
25 27c; ducks, young, 30c; geese, nominal;
lurKeys, nominal.
PORK Fancy, 12c oer pound.
VEAL Fancy, 13 Qv 14c.
Fruits and Vegetables.
FRUITS Valencia oranges, $4.25 5.75
per box, lemons. $7.7510: grapefruit,
$ol I per box ; bananas, 10 & 11c pound :
apples. $1.50 &j 2.50 per box ; strawberries
$1.501.60 crate; cherries. 512c pound;
canta.oupes. i.iW4 crate; peaches, 7uc
fa $1.50 per box; watermelons. 2VsS3c-Der
pound; apricots, $1.75(2.25 lug; plums, $2
per box; raspberries, $1.50 per crate;
honeydew melons, $2gi2.25 . per crate;
loganberries. $11.25 pur crate; currants,
$1.5t 1.75 per crate.
VEGETABLES- Cabbage, 3Zc pound;
lettuce, $2 2.25 per crate; carrots, $2.50
per sack; garlic, 10 25c per pound; beets.
$2. 25 (a 2.50 per sack; green peppers, 30 35c
pouna; rnuoaro. otubc per pound: turnips.
$22.25 per sack; tomatoes, $2.5t3.25 box;
cucumbers, $1(&1.75 per dozen; peas, Tllc
per pound beans. 7j 15c per pound.
POTATOES New Oregon, 2c pound;
new California. 30 per pound.
ONIONS California red. $1.65 sack:
yellow, $1.75 sack.
Staple Groceries.
Local jobbing quotations:
SUGAR (sack basis) Cane, granulated,
B.25c per pound; beet, 6.05c per pound.
NUTS Walnuts, I921c pound; Brazil
nuts, 182oc; filberts, 18c; almonds, 24
30c; peanuts. Sy'l lc pound.
RICE Blue Rose. Gc per pound; Japan
syle. 4c per pound.
BliANS Small white. 6c; pink. 7o;
lima, lc; red, 10c per pound.
COFFKE Roaster, bulk, in drums, 14
86Ho per pound.
SALT Granulated, barrel, $3.40(4.25;
half ground, ton AOs, $19.75; 100s, $19.23;
lump rock. $26.50. v
DRIED FRUITS Dates, $5.50 7 per
box; figs, $25.2o per box.
HONEY Comb, new crop, $3.50 per
case.
Provisions.
HAMS All sizes, 303Gc; skinned. Sid
S6c: picnic. 18c; cottage roll, 2bc
BACON Fancy 4 3 y 53c; choice, 309
35c; standard, 25 & 27c.
LARD Pure, tierces, 16c pound; com
pound, tierces, lie,
DRY SALT Backs. 2023c; plates. 16c.
Hides, Hops, Etc
TALLOW No. L 4c; No. 2. 2HP3C
per pound.
CASCARA BARK 5c pound delivered
PtMMland.
"HOPS 1920 crop, nominal, 12 915c per
pound.
' HIDES Salted country hides, 4c deliv
ered Portland; grubby hides. 3c; city calf
skins, 12c; country calf skins, 10c; good
kip. 6c; grubby kip, 4c.
WOOL New clip, I320&c per pound.
MOHAIR New clip. lS20c per
pound, delivered Portland.
GRAIN BAGS Nine cents at country
points.
Oils.
LINSEED OIL Raw, In barrels, $1.02,
5-gallon cans, $1.17. Boiled In barrels,
$1.04 : 5-gailon cans, $1.19.
TURPKXTINE In drums, 3c; -gal-Ion
cans. $1.07.
WHITE LEAD 100-lb. kegs. 13c per' lb
COAL OIL Tank wagons and iron bar
rels, 17 c; cases, 30037c
GASOLINE Tank wagons and Iron bar
re 1, 28c; cases. 40 He.
Cotton Market.
KEW YORK, July 6. Cotton Spot,
quiet. Middling, 12.05c.
The high price of silver has caused
the reopening of many old mine, in
th, west.
Fortified bj? Plant Revenues
and Taxes; Backed by
Diversified Industries
6, Income Tax Exempt
General Obligation Bonds
Cijty of Bandon, Ore.
Due 1926-41
PRICE TO
These bonds are issued to defray cost of converting the
steam plant into a hydro-electric system. Should plant
surplus ever by any chance be insufficient taxing power
is available. .
Bandon's taxable wealth totals $1,580,000. In addition
to being the center of an immense lumbering industry
it is situated in the heart of a rapidly developing dairy
and farm region.
i
Call or WTite for detailed information
BROADWAY
E
A A OTHER LIFT IX PRICES AT
XCRTH PORTLAND.
Top Grade Light Weights Sell at
$9.50 Cuttle and Sheep Are
Steady Bay's Receipts Small.
j
f Only two loads of stock arrived by rail
and business at tne North Portland yards
was limited. The scarcity of hogs this
week resulted in another advance of a
quarter in both light and heavy weights,
which brought the top quotation on prime
lights up to $9.50. There were no cnanges
in the cattle or sheep divisions, where the
tone of the market was steady.
Receipts were: 24 hogs and 4S5 sheep.
Wt. Prlce.l Wt. Price.
3 calves. 140 $S.50 7 mixed- 670 4.75
3 hogs.. 2o2 9.65 2 hogs.. i:iO $50
15 hogs.. 170 9-iiO 7 hogs:. 2J0 9.25
4 Logs.. 1!0 0.6O1 3 hogs.. 253 9.25
16 hogs. . iva 9 tr, 3 hogs. . 213 9.25
2 hogs. ,t 1S5 V.00 3 hogs. . 250 9.25
3hos.. 10O 9.50 11 hogs.. 14 9.50
1 hog... -TO 9.25 1 hog... S00 6.75
8 hogs.. 191 9.50 4 hogs. . 145 9.25
6 lambs. 58 4.0O 2 hogs.. 140 9.25
2 lambs. 65 25 5 lambs. 74 - 0.25
2 lambs. 55 .252 lambs. -73 8.50
j 12 Umbs. HS 6 25;40 lambs. 81 0 50
7 lambs. 65 a 6.23 10 lambs. 70 6.05
21 lambs. tttt 6.25 10 lambs. 7 - 6.25
, 12 Iambs. 70 6 5o 10 lambs. 71 5.50
10 lambs. 58 6.75111 lambs. 6S 5.t
17 Iambs. OS 6.75123 lambs. 61 5.20
24 lambs. 7. 6.75 8 Lambs, 70 6.25
29 Iambs. 61 6.251 4 lambs. 57 o.OO
2 yearl. 95 5.00:28 lamb. 82 6 75
1 yearl. 80 S.00'234 yearL 89 5 00
33 ewes.. 97 2.003 yearl.. 84 4.O0
Icow.. 1146 2-OOI 6 yearl.. 147 3. on
1 cow. . 12iK 3.8., 1 ewe. . . 1J0 3 00
Icow.. 115 3-04 5 bucks. 202 1.50
1 bull. . OO 3.25
Livestock prices at the local yards fol
low :
Choice steers
50 07. 00
. . . 3.504i 6.25
... 4.75f5.50
. .. 3.00fj,4.75
Medium to good steers.......
Fair to medium steers
Common to fair steers
Choice cows and heifers
Medium to good cows, heifers
Fair to medium cows, heifers
Common cows
Canners
Bulls
Choice dairy calves
Prime light calves
Heavy calves
Choice feeders
Fair to good feeders
Hogs
Prime tight . . .
5.00-a'5.5o
4.25U5.00
3 20& 4.25
2 25-U 3.25
1 .5042 2.25
2.50 3.50
8.00. 8.50
7.50fe 8 00
3.00 4. 50
4.50-& 5 00
8.504.50
9. 25 50
Smooth heavy, 250 to 30O lbs 7.5KiS.50
Smooth heavy, 30 lbs. and up.. 6..0'g'.0
Kougn neavy
Stags
Fat pigs
Feeder pigs
4 50(0-7.50
4 IK(7.00
9.WJ 8.25
8.50 9.00
tneep--
Eat-of -mountain lambs 6.50 7.00
Best valley lambs 6.006. 50
Cull lambs 4.00 ft 5.00
Heavy yearlings 4.00r4.50
Light yearlings 4 .'nra 5.00
Light wethers 4.00-&4.5O
Heavy wethers 3.004.0
Ewes ' 1.0 3. 00
Chicago Livestock Market.
CHICAGO, July 6. (United States
Bureau of Markets. ) Cattle Receipts,
8000; beef steers and she-stock, steady to
strong; top, $9; bulk fat steers, $6.75
8.25; bulk fat cows and heifers, $4.50
G.50; canners and cutters, largely $1.75
3.25; bulls and veal calves, strong to 25c
higher; bulk bolognas, $4.25g)4.50; butcher
grades, largely $5 5.75; veal calvos, $8.73
9.50; stockers, strong ; feeders, dull.
Hogs Receipts, 16,000; mostly 25 c
higher than yesterday s average : lights
and light butchers, active ; others, slow;
top, $.75; bulk, $90)9.70; pigs, 25c higher;
bulk desirable, $99.25.
Sheep Receipts, 8000; mostly 25c
higher; some western sheep 10c up; top
native lambs, to packers, $10.25; one deck
$10.65 to shippers; very good Idaho held
at $11 ; choice dry-fed yearlings, $8.50;
fat ewes, mostly $34.25.
Kansas City Livestock Market.
KANSAS CITY, July . (United States
Buy Bonds
With Your July Funds
We have listed in our -July
circular the bonds
we recommend for
purchase at this time.
These carefully select
ed securities yield from
4.10 to 9.75.
To obtain this list of high
grade Bonds, ask for OR-400.
The National City Company
National City Bank Building, Hew York.
Portland Yeon Building
Telephone 6072 Main
Bonds Short Term Notes Acceptances
Den. $500, $1000
YIELD 6H
AND OAK
Bureau of Markets. ) Cattle Receipts,
70O0; beef steers, Steady t j 25c lower;
heavy and common grades weakest ; top
heavies, early, $S ; best medium weights,
bid $8.25; yearlings, steady to higher;
best. $8.70; other choice lots, $S.358.60;
other classes mostly steady; bulk canners,
$1.501.73; top fat cows, $6.25; medium
and good, mostly $43.25; cutters, mostly
around $3; bulk bulls, $3.50(4.60; stock
ers, steady to higher; good light kinds,
..255.K0; best vealers, strong; top,
$8.25; other calves, steady to weak.
Hogs Receipts, 6000; open slow, mostly
25c higher than yesterday's average ;. close
active, 25c to 35c higher; best lights and
mediums, to shippers and packers, $0.30fP
9.35; bulk of sales, $9)9.25; top. $9 35 ;
bulk pagking sows, $88.25; choice stock
pigs, $9.
Sheep Receipts, 2500; sheep, steady;
most fat native ewes, $3.604 ; native
lambs, 25c and 40c higher; best, $10.15;
bulk, $9.509.85.
Omaha Livestock Market.
OMAHA, July 6. (United States Bu
reau of Markets.) Hogs Receipts, 6500;
sctive, 15c to 25c higher; bulk 180 to
240-pound butchers. $8.709; top, $9.50;
bulk butchers, 250 pounds and over, $8.35
8.75; packing grades. $8&8.33.
Cattle Receipts. 4500; beef steers, gen
erally steady; top, $8.10; all other classes,
steady.
Sheep Receipts, 16.000; native lambs.
23c to 50c higher; top, $9.50; westerns,
strong to 10c higher, $10.60 paid; sheep,
strong; ewes, top, $4.50.
Seattle Livestock Market.
SEATTLE, July 6. Hogs Receipts,
ncne ; steady; quotations unchanged.
Cattle Receipts, none; steady; quota
tions unchanged.
QUOTATIONS ON DAIRY PRODUCE
Market Prices Rating on Butter, Cheese
and Kggs.
SAN FRANCISCO, July 6. Butter Ex
tra choice, 42c; prime firsts, 35c; Cali
fornia firsts, nominal; California second,
27c.
Kggs Extras, 86c; extra firsts, 8-ftc;
dirties, 81c; extra pallets, -27 c; under
sized pullets. No. 1, 21 ne.
Cheese California flats, fancy, 21c.
California flats, firsts, 20c; Young America
fancy, 22c.
CHICAGO, July 6. Butter Higher.
Creamery extras, 86 He; standards, 38c;
firsts, 31 33 He; seconds, 27Mc.
Eggs Higher. Receipts, 28,414 cases;
firsts, 28c; standards, 280 ordinary
firsts. 25 g 26c ; at mark, cases Included,
26(&27c.
NEW YORfcTjuIy , Butter Firm
Creamery higher than extras, 3838c;
creamery extras, 37 37 He: creamery
firsts. 34H36Hc.
Eggs Firm. Fresh gathered extra
firsts, 35 36c; firsts, 33 34c.
Cheese Firm. State whole milk flats,
fresh specials, 174M7c; twins, 16
17?c,
SEATTLE, July 6. Wholesale prices to
dealers:
Kgg Select local ranch, white shells,
29e; do mixed colors, 2728c; pullets, 25c
Butter City creamery cubes, 34c; bricks
or prints, 35c; country creamery extras,
cost to Jobbers, in cubes, 30c
Coffee Futures Steadier.
NEW TORK, July 6. After opening at
a net decline of six points on July, but
generally unchanged to one point higher,
-
PUTS IZ CALLS
MQ STOCK EXCHANGE S?0
10 SHARES ISSUE. FROPITS
7-DAY-OP- gT VK
TION FOR ID J LIMITED
The only way to trade safely.
Write for Booklet 64. FREE, ex
plaining? fully.
C. GOLDHl'RST CO.
Service! Reliability!
I 50 Broad St., New York I I
$25,000,000
Canadian National Railways
Canadian Northern Railway Company
25-year 6 (non-callable) sinking fund gold debenture bonds
The bonds are not callable in whole or in part.
The Dominion of Canada
Guarantees principal and interest by endorsement
Canadian counsel advise us that these guaranteed bonds are secured by the full credit
and taxing power of the Dominion of Canada equally with its direct obligations.
Dated July 1, 1921
THE
A sinking fund, commencing immediately, of $500,000 per annum is to be
made available in equal installments during each six months, for the pur
chase of bonds in the market, if obtainable at or below par. ,Any unex
pended balance reverts to the Railway Company.
The bonds are the direct obligation of the Canadian Northern Railway
Company, which is owned by the government of the Dominion of Canada,
and forms part of the Canadian National Railways System, which will
consist of over 22,000 miles, extending from the Atlantic to the Pacific
oceans and reaching every important traffic center in Canada.
Price 96V2 and interest. To yield about 6.80
Dillon Read and Company
The National City Company
Blair and Company, Inc.
Bankers Trust Company, New York
First Trust and Savings Bank
Bond and Goodwin and Tucker
coffee futures Bagged- off few points
under scattering liquidation. September
sold down to 6.30c with active months
srenerallv showinK net losses of four to
seven points, but offerings were light and
the tone was steadier lale in tne aiier
noon owing to an advance in Santos and
nrlvate cables intimating that the govern
ment had named a minimum buying price
of 14.050 rels for Santos and 1-VI.UO rels
for Rio coffees for the new season- The
close was net unchanged to six points
higher. Closing bids: July. 6.00c: Sep
tember, 6.31c: October, 0.45c; December,
6.73c; January. 6.83c; March, T.Olc; May,
7.21c.
Spot coffee, quiet; Rio 7s. 6Hc; Santos
4a, 9 Ho to VKc. -
Dried Fruit at w Tork.
NEW TORK, 4July 6. Evaporated
apples, nominal; prunes, better export de
mand; peaches, quiet.
New York Sugar Market.
TJEW TORK. July 6. Raw sugar. c for
Real Estate
Mortgage
We have made a loan of $300,000 to the
owners of the Broadway-Yamhill (Hippo
drome) Building1, which is located on the
N. W. corner of Broadway and Yamhill street.
The mortgage is a closed first mortgage on
both land and building. The property has a
frontage of 100 feet on Broadway and 150
feet on Yamhill street.
The bonds are in denominations of $1000
and $500 and we offer them to you at a price
to yield 8. They mature serially in from
one to five years.
By investing your funds in the bonds
which have been issued under this mortgage
you have the assurance that your principal
is safe and your income certain.
Write or phone for descriptive circular,
also for "Elementary Principles of
Safe Investment"
A booklet which we have prepared for
I you. Ask for it.
Blyth. Witter. 6c Co.
Ycom Bldg.. PORTLAND
SEATTLE - SAN FRANCISCO -LOS ANGELES- NEW YOWt
We Own
AN INVESTMENT TO YIELD
Secured by a first closed mortgage on In
side business property, located at Broadway
and Yamhill sts., Portland. Or., known as the
Broadway -Yamhill Building
APPRAISED AT S,0O0.
THIS 1SMIE S300.000. .
MATURITIES 1922 TO 1926.
These Bonds are a legal investment for Savings Banks in Oregon.
Details fnrnfolied upon request.
f-l.DevereauxgifQmpany
INVESTMENT BONDS
PORTLAND,
ST Sixth St.
Principal and interest payable in gold in New York
City at the agency of the Canadian Bank of Commerce.
Interest payable January 1 and July 1. Bonds in coupon
form of $1000 with provision for .registration of principals
Total authorized issue, $25,000,000.
CHASE NATIONAL BANK OF THE CITY QF NEW YORK, TRUSTEE.
The information contained In this advertisement has been obtained from sources
which we consider reliable; while not guaranteed. It ia accepted by us as accurate.
centrifugal. Refined, S.20B5.40 for fine
granulated.
Xuluth r.lnseed Market.
DULUIH, July 6. Linseed on track and
to arrive, 1 82
Plums, peaches, -prunes, cherries
and apricots are plant word cousins,
all belonerini? to the prenfts prunes.
Money to Loan
on
Business and Residence Property.
Mortgage Bond Company
Main 2831.
"Wilcox Bide.
and Offer
OBEGO.V.
Bdirr. 1043.
Guaranty Company of New York,
Lee, Higginson and Company
Illinois Trust and Savings Bank
Cyrus Peirce and Company
Continental and Commercial Trust
and Savings Bank, Chicago
8
for 20 years
United Drug Co.
20-year 8 Convertible Gold Bonds
, Due June 15, 1941
Manufacturers of 'HexaU" products. Owns factories in New
York, Boston, St. Louis, New Haven, Albany, Toronto, etc
Has over 8000 drug store stockholders.
drug stores.
Gigantic manufacturer "of medicinal preparations, pharma
ceuticals, hospital supplies, rubber goods, perfumes, confec
tionery, stationery, toilet preparations, etc. Sales 1920,
$68,428,179.
Net earnings, averaged last three years $4,800,125, four
times interest on all indebtedness. Annual sinking fund,
$750,000, td purchase bonds in market up to 113. Callable
at 115.
Bonds convertible into common stock. Denominations $100,
$500, $1000. j
This is one of the greatest merchandising concerns ia '
the world. These bonds offer not only safety, but a
large market profit as interest returns toward normal,
20-year '8's at 100, to yield 8
without deduction for 2 normal federal income tax.
Wire orders "collect." Call, write or phone for circular
Freeman,
an mAMcisoo
Northwestern
Electric
Company
6s
TO YIELD
7.50
- Due May 1,- 1935.
Iirect First Mortpagre on
all property of the Com
pany, which distributes
electricity in Portland and
vicinitv. Earnings are
about twice the interest
charges.
PRICE 87 to YIELD
7.50
E.H.ROLLINS &SOXS
Investment Hands
iOSTOV-WEW TORK CHICAGO
4.V FRANCLSCO LOS ANCEL&
Qjtortliwestepresentatlve
404 COUCH BUILDING
CplephonccManhall 2t)5
PORTLAND
1 ,i!4P
S POHTt-AN
I
Due July 1, 1946
Owns 227 Liggett's
Smith & Camp Cc.
KOWHB FLOoa
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