Morning Oregonian., July 15, 1921, Page 21, Image 21

TITE IOTl'NTS'G OIVEGONIAN, FRIDAY, JTTLT 15, 1921
21
K
'BUIN ELEVATOR
, WILL BE ALTERED
Prevention of Dust Explosion
Aim of Changes.
FIRST SEASON IS ENDED
Iort!and Municipal 3Inchines Kan
die J 50,0-00 Bushels; Income in
June Totals $27,222.57.
Alterations in the million-bushel
municipal grain elevator at muni
cipal terminal No. 4 to prevent the
occurrence in this property of a dis
aster similar to the recent dust ex
plosion in a grain elevator at South
Chicago were authorized yesterday
by the commission of public docks
upon the recommendation of G. B.
Hegardt, chief engineer for the com
mission. The principal changes contemplated
are in the dust collection system, in
stall ing a huge air compressor and
air pipes, and making the grain
t pouts leak-proof. It is estimated
U at the cost of the alterations will
bo about J2000 in addition to the
price of a large electric motor to
drive the air compressor. Complete
reports of the- grain elevator explo
sion at South Chicago have been
studied by the engineering depart
ment of the dock commission toward
the end of making such an explosion
Impossible in the Portland elevator.
4."0,O0O Bushels Handled.
The Portland municipal grain ele
ator has just "finished its first sea
son of operation, during which 450,
000 "bushels, or more than 13.000 tons
of wheat were handled through the
elevator, and a number of minor de
fects In the machinery which were
apparent only with actual operation
are to be corrected.
Income from the various muni-
clpal terminals during the month of
June amounted to $27,222.57, accord
ing to the monthly report of the
engineer. This sum was divided be
tween the properties as follows:
Terminal No. 1, $9032.14; terminal No.
2. $5830.83; terminal No. 3, $30;
terminal No. 4, $11.17.77, and the
public levee. $320.S3.
A request from the Admiral line.
Pacific Steamship company, for a
number of alterations at terminal
No. 2 to fit It for the passenger busi
ness of this company's coastwise
steamers was referred to the en
gineer for an estimate of the cost
of the various items asked by the
company. This matter, along with
several others regarding traffic, will
be acted upon at a special meeting
of the dock commission this morn
ing. Cons true tt on Jobs Accepted.
Two construction jobs at terminal
No. 4 were certified as approved and
accepted from the contractors by the
commission. One of these was the
fined on pier No. 2 erected by the
Inland Construction company and the
other the piping on piers 2 and 5 for
fire protection, and water supply. In
stalled by the Kendall Heating com
pany. Recaulklng of the five pontoons of
the new 15, 000-ton dry dock of the
dock commission was reported by the
engineer to be well under way. The
berth for the new drydock, which is
being prepared jointly by the port
and dock commissions at the site of
the old port drydock, is expected to
be ready for occupation by the middle
of August. Electric motors and wir
ing for the operation of the new dry
dock are being Installed.
SHORTS RUSH TO COVER
S OR A M3LE TO B CY SEX D S
WHEAT HIGHER AT CHICAGO.
Blm-k Kust Reports From Manitoba
and Spring: Crop Damage
. Excite Market.
CRTCAHO. July 14. TVhat mad a
fTpsh advance today, stimulated by word
Of black rust in Manitoba and of irre
parable damage In the domestic spring
crop belt. Tin market closed strong. 3 U
to 4 -Tic net higher, with September $1.31
to $1.3-M. and December, $1.H5 to Sl.-JS1
Corn lost 1 to 1 '-c; oat finished at Vi e
decline to a. like advance, and provisions
10c off to Vs c up.
At firjt rain In Minnesota and else
where, together with forecasts of cooler
weather, gave an advantage to the bears,
.but strong commission houses were per
sistent buyers on the decline and In the
last hour the market climbed rapidly, with
horts rushing to cover. The advance, car
ried -epttmtr and December deliveries to
a. new hijeh price record for the season.
Rnlns in Illinois were chiefly responsible
for the weakness of the corn market. Oats
held steadier owing to crop damage re
ports from the northwest.
Provisions a raged higher with hogs.
The Chicago market letter received yes
terday by the Overbeck & Cooke company
Of lvirtland paid:
Wheat Ruins northwest and the pre
diction of coder weather for the entire
Krai'i belt induced some liquidation early
in the st ssion, but in the end served to
msne the traiie realize that there has ai
ready ben sufficient damage to make for
a, 'bullish situation. No doubt the change
in the weather will do some good in many
part of the spring wheat belt, but if 50
ner cent of the reports from that terri
tory aro authentic, they could aggregate
materially lower than thp July 1 etl
mates and perhaps well below- last year's
total. The cash position is showing more
strength despite heavy receipts at all ter
mlna.s. and prices today reflected fully
th advance In futures. Exporters were
active buyers In the southwest twid bids
on the gu'.f in the interior were advanced
1 cent. Wheat is a w orid proposition
and th condition of European crops must
come in for proper consideration. Seven
countries in Europe, including Engiand
Prarico, Oelgium and Germany, have suf
fered from lack of moisture. The announce
ment that substantial credits were being
arranged for Germany to buy grains in
th's country was another bullish factor. A
hifchrr level of prices i. very apt to be
recorded in the near future.
Corn The favorable change in the
Frmlicr naturally had more influence on
this market than on wheat, as it is gen
erally conceded that the corn crop la in
goou sh i pe and will be. a record one with
Interrr.i; tent rain for the next month.
The dec' it. e. how ever, failed to dislodge
liquidation in any volume and at the close
the market had & ilrm tone. Receipts
continue to decrease and there is every
evidence that the cash situation will be
furl her strengthened by a demand in ex
cess of today's offerings Regardless of
wathr condition, we believe the position
of thLs article warrants higher prices.
Gate There aj an impressive clasa of
buying in evidence in this market on all
dec I in, s and the tone at the cloe was de
cided : strong. The cath market was rela
te -iv flr.n. w i h Xo 'J white i cent over
THIS IS A SMAKT FARMER.
Mr- fci. C. Hultsot Unlsoy, Or., shipped
on veal thm weighed 1H0 pounds.
It v.-as very fat and fancy dressed. The
prii c pa:d Mr. Hulls wa 15c a pound.
Ton days apro th.s same veal would
sold Ht IOC Mr. Hults is ahead $7.95
on this one "veal. Mr. Hulls shipped to
Ruby Co., 19 Kront St., Portland.
Or. We can use at once more veal,
pork and chickens. ,
July prices. Receipt of new grain showed
light weight and consequently sold at dis
counts. Rye declined with other grains early In
the day and encountered Influential buy
ing by seaboard interests on the way
down. There was also a better demand
for the cash article at y cent over July
for Xo. 2 on track.
leading futures ranged as fdllows:
WHEAT.
Open. Klgh. Low. Close.
Sept... 1.3-'-i $ 1.2' $ 1.31
Dec... J-lttfe 1.35& l.lTJ 1.35
CORN'.
3ept... .ls .62 H .6174
Dec. . . .60 34 .61 Va .59 rfiO
OATS.
Sept. . . .40 .41 H .30 .40 H
Deo.. .42 -431. ' .42 .42
MESS PORK.
July 18.30
Sent... 18.50 1S.50
LARD.
Sept.., 11.00 11.65 11.50 11.62
Oct... 11.7a 11.75 11.00 1L75
SHORT RIBS.
Sept.. . 10.97 .11.00 10.02 1100
Oct... .... .... 10.U5
Cash prices were:
W h e a t N o. 2 red, $ 1. 27 1. 28 ; No. 2
hard, f 1.2b 1-30.
Corn No. 2 mixed. 6264c; No. 2 yel
low, ti2 freauc.
Oats No. :i white, 3S3Dc; No. 3 white,
35 'y 37 c.
Kye No. 2, $1.2601.26.
Barley G0 7Uc.
Timothy seed $4.50"3 6.
Clover seed iVo'aX'J.
Pork Nominal.
Lard $11.42. 11.47.
K.bs $10.02 a 11.50.
Primary Receipts.
CHICAGO, July 14. Primary receipts
Wheat. 2,038,000 bushels versus 736.000
bushels: corn, 373,000 bushels versus 045,
000 bushels; oats, 337,000 bushel versus
720, 00O bushels.
Shipments Wheat, 772,000 bushels ver
sus 006,000 bushels; corn, 523.000 bushels
versus 338,000 bushels; oata, l'jy.OOO bush
els versus 205. 0UO bushels.
Car lois Minneapolis: Wheat, 128; corn,
4; oats, 21; barley. 20; rye, 7; flax, 9.
Duluth : Wheat, 3U; corn, 16; oats, 1 ; rye,
11; barley, 2; flax, 9. St. Louis: Wheat,
221; corn, 10; oats, 17. Kansas City: Wheat,
173; corn, 48; oats, 4. Omaha: Wheat,
235; corn, 22.
Minneapolis Grain Market.
MINNEAPOLIS, July 14. Barley, 46
63c; flax. No. 1, Sl.Ul & 1.92 Si ; wheat.
juiy i.io, oeptemoer tx.atii, uetiuue;
Winnipeg Grain Market.
WINNIPEG. July 14. Wheat, July
$1.81, December $1.54.
Grain at San Francisco.
SAN FRANCISCO, Cal., July 14. Wheat,
milling, $1.90 & 2.05; teed, $1.90 Q 2.05.
Barley opot teed, '$1.10 1.15 ; shipping,
$1.20 & 1.35.
Oats Red feed. $1.25 1.35.
Corn White Egyptian, $2.20 2 30; red
milo, $1.90f&2.05.
Hay Alfalfa. $9(314: wheat. $13318.
oats, $luty.l5; barley, $10&12.
Seattle Grain Market.
SEATTLE. July 14. Wheat Hard
white, $1.20; soft white, $1.19; white
club, $l.lb; hard red winter, . soft "red
winter, northern spring, $1.16; eastern
red Walla, $1.14; Big Bend bluestem, $1.23.
City delivery : Feed Scratch feed, $48
per ton; baby scratch, $62; teed wheat,
$oo; all grain chop, $40; oats, $39; rolled
oats. $34; sprouting oats, $44; whole bar
ley, $34. milled feed, $29; bmn, $30;
whole corn, $38; cracked corn, $40.
Hay Alfalfa, $21 ton; double com
pressed alfalfa, $-7; eastern Washington
mixed timothy, $27; ditto double com
pressed, $29; straw, $20.
LARGE GAIX IN RESERVE RATIO
Increase of One and Six-tenths Per Cent
Reported by Federal Board. ,
WASHINGTON, D. C, July 14. Com
bined resources and liabilities of the 12
federal reserve banks at the close of busi
ness July 13, were reported tonight by the
federal reserve board as follows:
Resources.
Gold certificates $ 352.341.000
(J old settlement fund, federal
reserve board 402,248.000
Total gold held by banks 754,589,000
Gold with federal reserve
agents $1,623,321,000
Gold redemption fund. ...... 114.034.000
Total gold reserves 2,492,544,000
Legal tender notes, silver, etc 155,00,000
Total reserves $2,647,594,000
Bills discounted by United
states government . obliga
tions 618,784,000
All other 1,085.190,000
Bills bought in open market, 25.135.000
Total bills on hand' 1.720.115.000
United States bonds and notes 30,098,000
United States certificates of
indebtedness: One-year cer
tificates (Pittman act).... 215.875.000
All other lb. 534.000
Total earning assets. ....... 1,999,(122,000
Rank premises 25.519,000
Five per cent redemption fund
against federal reserve bank
notes 10.033.000
Uncollected items 6'.0.S94,000
All other resources 14. own. 000
Total resources $5,288,300,000
Liabilities.
Capita! paid In $ 102.090,000
Surplus 213,824,000
Reserved for government fran
chise tax 43.419.000
Deposits: Government 10.942.000
Member banks reserve ac
count 1,655.303,000
All other 27,740.000
Total deposits 1,093,991,000
Federal reserve notes In actual
circulation 2,603,833,000
Federal reserve bank notes In
circulation, net liabilities. . 130.556.0Tl0
Deferred availahility items. . 4fS3.901.OOO
All other liabilities 1G, 740,000
Total liabilities $5,288,300,000
Ratio of total reserves to deposit and
federal reserve notes liabilities combined,
01.6 per cent,
atio of gold reserves to federal reserve
notes in circulation after setting aside 35
per cent against deposit liabilities, 78.9
per cent.
Dried Fruit at New York.
NEW YORK, July 14. Evaporated
apples, nominal; prunes, firm ; peaches
firm.
IAIL METEOROLOGICAL REPORT.
PORTLAND. July 14. Maximum tem
perature, 70 degrees; minimum, 55. River
reading at 8 A. M.. 12. ft feet; change in
last 24 hours. 0.5 foot fall. Total rainfall
(5 P. M. to 5 P. M.). none; total rainfall
since September 1, 19 JO. 45.1)5 inches;
normal rainfall since September 1, 1020,
44.27 inches: excess of rainfall since Sep
tember 1. 1920, 1.0S inches. Sunrise. 4:34
A. M. : sunset, 7 :59 P. M. : total sunshine,
7 hours and 3S minutes; possible suntshine,
15 hours and 25 minutes. Moonrl&e, 4 :20
P. M., Friday; moonset, 1:23 A. M., Fri
day. Barometer (reduced to sea level)
5 P. M., 30.13 inches. Relative humidity:
5 A. M., f2 per cent; noon, 08 per cent;
3 P. M., 57 per cent
THR WETHKR.
'IK 2 i?d
STATIONS. ! tr? 2 2 Weather.
N 11 'Ml
ttOi 96 O.OOL .NW:CJear
7 '2 9U O.Oo 14. -Cloudv
40 i2 0.00, .. NW Cloudy
7S, 9Oj0.tn 12;ne .Pt. cloudy
OS; 82 O SS . ..XW.Cloudy
72; 8S 0.20' . .' iN Clear
5ot 5i,o.oo!lo N (Cloudy
7s 90 o.oo;. .S Clear
5S 90 0.OO-;. . NE Clear
52i tiu:o.04 . -!N Rain
Boston
t'aljsary
Chicago
Denver
.v.::)
Pes Moines..
Eureka
Galveston
Helena
Juneau
Kansas City.
I-ow Angeles..
Marshiield . .
Medt'ord
Minneapolis .
New Orleans.
New York . . .
North Head. .
Phoenix
Pocatello . - -Portland
... .
Roseburg . . .
Sacramento ..
St. Louis. . . .
Salt Lake
San Diego. . .
S. Francisco.
Seattle
Sitka
Spokane
Tacoma
Tat. Inland..
Valdez
Walla Walla.
Washington .
Winnipeg . . .
Yakima
7i; iv 0.34
641 8-J O.tiiV
Ti-'i 6i) o no)
. N Clear
. X W Cloudy
51, 9l 0.00 lo'.VW Cle
SS 0.10,1s. N (Clear
76J 92-0. on;.. I? Cloudy
72' 0 no. 2R SW 'Rain
54' r.HO.OO lti.VW'Pt. cloudj
8t100iO.OO'. . N Cloudv
6'" 92O.4S20S 'Cloudy
55 70 0.001 . . 'XWlClear
54 7V.0H 10X 'Clear
62 96 0. 00,12, S (Clear
80) s 0.92 . . X Pt Cloudy
7o 92 0.00 12 SW Cloudv
. 72 0.00 :. . !SW Pt. cloudy
50 6to.0(;iO:W Clear
521 6(o.00. .SV ICloudy
. . .tto:... .(. .(
6S; 92 0.00'12 SW (Clear "'
... 6t O.OOi . .;x Cloudy
50' 50 0.OO.12.S JCloudv
4s;t64:o.ooi. .,i?W 'Cloudy
61! 94 0.no..'W 'Clear
721 68 0.12''. .SW 'Clear
fiti; St 0.00 . . jN W Clear
54i 94 0.O0;. . XW Clear
A. M. today,
ceding day.
i P. Ml report of pre-
FORECASTS.
Portland and vicinity Friday, fair;
northwesterly winds.
Oregon and Washington Friday, fair;
not so warm ea&t portion, moderate
westerly winds.
ADVANCE IN SUGAR
MARKET CONTINUES
Fifteen-Cent Rise Announced
in All Grades.
PRICE TENDENCY UPWARD
Demand Throughout Country In
creased "by Hot "Weather, Canning-
Operations, Confidence,
An ad-vance of 16 cents & hundred In all
grades of refined sugar was .put Into ef
fect yesterday by local Jobbers when word
was received of & similar rise In refinery
prices In California, Cane granulated Is
now quoted In this market at $6.80, and
beet sugar at $3.60 a hundred.
The demand for sugar throughout the
country is stronger, owing to the hot
weather, the arrival of the canning sea
son and a growing .feeling" of confidence
throughout the trade at the moment. A
steady export business to the United King
dom and France Is also being done, the
English demand having been improved by
the termination of the coal strike.
Commenting on the general sugar situ
ation, an eastern authority writes:
"Statistically the situation has shown
some improvement, weekly meltlns at
eastern refining ports, though moderate
and somewhat below the normal for this
season, having been some 19.000 tons In
excess or tne receipts, resulting in a nice
local refiners are now believed to have
only a very limited reserve of raws pn
hand, and others to have but a very mod
erate additional quantity of control ex
empt Cubas yet to be received, and are
therefore looked upon as prospective buy
ers In a larger way in the near future. In
this event the quantity of outside sugars
found to be promptly available may not
unlikely, prove Insufficient to meet all re
quirements, and a closer Interest In Cubas
result leading to sales by the Cuban com
mission, whose views would probably still
be found above the parity of prices here
tofore ruling. It is this expectation which
encourages holders to anticipate a moder
ately higher market during this month
and next, when Che consumption of refined
sugar Is usually quite heavy.
WHEAT BUYTN'G OX LARGER SCALE
J ill j and August Bids Advanced t to 5
Cents on Local Board.
Wheat was firm and higher on the local
board. Bids for Juiy delivery were ad
vanced 2 to 3 cents, while August wheat
ranged from unchanged to 5 cents higher
than Wednesday.
There was some business In the country
in old crop wheat, but Interest centered
chiefly in the new crop, the buying of
which is steadily increasing. Most of the
purchasing Is dode on the basis of $1 to
the grow era.
Snow's wire from Xev11a Lake. if. D.,
said: "The upper James and Cheyenne
val leys have had ample rain all season.
Black rust Is appearing and weather, soil
and growth conditions are completely fa
vorable for Its spread. I found an Infec
tion at New Rock-ford. Further north,
crop was badly damaged by heat of late
June, but rain has caused some recovery.
Black rust Is pronounced at Leeds. Oats
burned worse than wheat In several
districts."
Argentine cables said a good downpour
of rain has been practically general and
the agricultural situation has been im
measurably benefited.
Terminal receipts. In cars, were reported
by the Merchants Exchange as follows:
Wheat.Bar.Flour.Oata. Hay.
Portland Thura. . 27 .. 2-1 2
Year ago 16 1 1
Season to date 654 8 62 36 28
Year ago 617 lr CS 19 28
Tacoma Wed. ... 13 . . 3
Year ago 1 . . 3
Season to date. . . . 157 K 1 26 2 3
Y'ear ago 52 1 41 1 22
Seattle Thurs 3 . . . . 6 4
Year ago 2 .. 1
Season to date. ... 89 2 32 32 34
Year ago 41 2 12 .. 61
TWO-CENT ADVANCE IN BUTTER
Prints Will Be Quoted at 40-Cen.t Basis
Today Eggs- Unchanged,
Print butter will be 2 cents higher to
day, according to announcement made by
local manufacturers. Plain wrapped prints
will be quoted at 40 cents and cartons at
41 cents. At the same time the buying
price of butter fat will be raised. 2 cents,
to 34 cents for top grade delivered at
Portland. Cube sajes were made on the
bat-is of 34 cents for extras.
Eggs were firm with current receipts
selling on the street at 30 cents. .Jobbers
asked 3233 cents for candled ranch and
35 cents for selects.
Tillamook cheese prices were advanced
1 cent. -
Poultry and dreeed meats were In fair
supply and cleaned up at unchanged
prices.
New Zealand Wheat Crop Estimated.
The total production of wheat for New
Zealand should be approximately 5,975,000
bushels, compared with an actual yield of
4,559,934 bushels for the Beason 1919-20,
according to the New Zealand department
of agriculture.
The percentage of oats threshed In
1919-20 was 34.79 of the total area under
that arop. Assuming that a similar pro
portion is threshed this year, the total
production of grain should, be approxim
ately 5,520.000 bushels, compared with 6,
967,862 bushels for the previous season;
but from the Information so far available
It would appear unlikely that the propor
tion of oats threshed this season will be
as high as in the season 1919-20.
Old Potatoes Still Coming In.
That the season for old potatoes is not
yet over was indicated by the arrival of
a car from Taklma yesterday. The de
mand is principally for new potatoes,
which are holding at steady prices. Among
the day's receipts was a car of new white
potatoes from California. Other arrivals
included one car of carrots, one car of
red onions and one car of Merced to
matoes. Fruit prices were generally unchanged.
The local demand was fair.
Bank Clearings.
Bank clearings of the northwestern cit
ies yesterday were as follows:
Clearings. Balances.
Portland 4.33r,84 $861,355
Seattle 4. 738. 05 1 849.607
Tacoma G71.041 103.572
Spokane 1.8Q3.516 "718,425
PORTLAND MARKET QCOTATIONS
Grain, Flour, Feed, Etc 1
Merchants' Exchange, noon session:
Bid
WTieat ' July. August.
Hard white 1.20- 1.15
Soft -white 118 1.18
White club 1.18 1.18
Hard winter 1.15 1.12
Northern spring 1.15 1.12
Red Walla 1.1a 1.10
Oats
No. 2 white feed 27.00 25.00
Corn
No. 2 E. T. shipment .. 30.0 29.00
FLOUR Family patents, $7.60 per bar
rel ; whole wheat, $6.20; graham, $6;
bakers' hard wheat, $7.25; bakers' blue
stem patents, $6.75; valley bakers, $6.00;
straights, $3.75.
M1LLKEBD Prices f. o. b. mill: Mill
run, $30 per ton ; rolled barley. $35 37 ;
rolled oats, $3S; scratch feed. $50 per ton.
CORN Whole, $38; cracked, $41 per
ton.
HAT Buying price f. o. b. Portland:
Alfalfa, $15 per ton; cheat. $20 per ton.
clover, $13 per tun; valley timothy, $24;
Eastern Oregon timothy, $20.
Dmlry and Country Produce,
BUTTER Cubes, extras, 34c per pound;
prime firsts, 33c; prints, parchment
wrapped, box lots. 40c; cartons. 41c. But
t erf at. buying prices: A grade, 34c; B
grade, 32c, Portland delivery.
EGGS Case count. 29 30c; candle ranch
eggs. 32c; selects, 35c
CHEESE Tillamook, triplets, price to
jobbers, f. o. b. Tillamook, 20c; Young
Americas. 21c pound. '
POULTRY Hens, 1825c lb.; springs,
25c; ducks, nominal; geese, nominal; tur
keys, nominal.
PORK Fancy, 14c per pound. 9
VEAL Fancy, 14c per pound.
Pruits and Vegetables.
FRUITS Valencia oranges, $5.00 5.75
per box, lemons, $010.5O; grapefruit.
$2.50'6 per box; bananas, iuc pound;
apples, old crop, 1.50t& 3 per box; new,
$1.50(a- 2.25 ; cherries, S& loc pound: can
taloupes, $1.75 4.50 crate ; '-peaches, $1
2.25 box-; watermelons, 23c per pound;
apricots. $1.252.25 box; plums, $2 box;
raspberries $1.503'1.7fi per crate; logan
berries, $1.50&1.7a per crate; blackcaps,
$2$? 2.25 crate.
VEGETABLES Cabbage, 834c pound;
lettuce. $2 & 2.50 per crate : carrots. $2.50
per sack; garlic, 10 25c per pound; beets,
t . n; . ou per sacn; H reen pejipers, u (tf7
35c pound; rhubarb, 56c per pound; tur
nips, $2 2.25 per sack; tomatoes, $2.50
8.75 box ; cucumbers. $ 1 1.73 per dor.en ;
peas, 10 15c per pound; beans, 10 15 per
pound; green corn, $5.50 per crate.
POTATOES New Orepon. 2 2s a
pound; new California, 2.&3c pound.
ONIONS California rod, $1.75 sack;
yellow, $1.75 ((2 sack.
Staple Groceries.
Local Jobbing quotations:
SUGAR (sack basis) Cane, granulated,
6.80c per pound; beet, 6.00c per pound.
NUTS Walnuts. 19 21c pbund; Brazil
nuts, IS 20c; filberts, 18c; almonds, 24)
30c; peanuts. Sialic pound.
RICE Blue Rose. Gc per pound; Japan
style. 4 -v, c per pound.
BEANS Small white. 5Hc: pink. Tc;
lima, 7 c. red, 10c per pound.
COFFEB Roasted bulk, in drums, 14
36JAc per pound.
SALT Granulated, barrel. $3.404.25;
half ground, ton 50c. $19.75; 100s, $19.23;
lumn rock, $26.30.
DRIED FRUITS Hates, $4.256.85 per
box; figs, $3.25 3.25 per box; prunes, 7c
per pound.
Provisions. 1
HAMS All sizes. 3036c: skinned, 31
36c: picnic, 18c; cottage roll, 2Sc
BACON Fancy, 4.'iSt53c; choice. 300
33c; standard. 23327c.
LARD Pure, tierces, 16c pound; com
pound, tierces, 11c.
DRY SALT Backs, 20 23c: plates. 16c.
Hides, Hops, Etc.
TAULOW No. 1, 4c; No. 2, 23ic
per pound.
CASCARA BARK 6c pound delivered
Portland.
HOPS 1920 crop, 12c per pound.
HID MS Nominal.
WOOL New clip. 13520c per pound.
MOHAIR New clip, 10c per pound, de
livered Portland,
delivered X'ortland.
GRALX BAGS Nine cents at country
points.
Oils.
LINSEED OIL Raw. In barrels. $1.02,
5-gallon cans, $1.17. Boiled la barrels.
$1.')4: 5-gallon cans, $1.19.
TURPENTINE In drums. 92c; 5-gal-lon
cans. 1.07.
WHITE LEAD 100-lb. kegs. 13c per lb.
COAL OIL Tank wagons and iron bar
rels, 1 7 c ; cases. 30 & 37c.
GASOLINE Tank wagons and iron bar
rels. 25c; caaes. 40 'i c.
SAN PRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO, July 14. Vegetables
Squash, bay, $1.75 2 per 40-pound lug;
Los Angeles, $11.23 email lug; pota
toes, new, $1.85 2; onions, new. red, 75(g)
85c; green. $1.75 2 box; tomatoes. Mer
ced, $1.25 'ft 1.73 flat box; Los Angeles,
Stone. $2.50'"3 lug; garic, 240; peppers,
10&20c; peas, 47c; beans, garden, 5 ' Sc ;
shell, 10c; lima, 8& 1 2c; beeta, $1.752
sack; carrots, $1.25 1.50 sack; eggplant,
o&llc; celery, $7 crate.
Poultry Hens, 13 & 32c- broilers, Sic;
fryers, 31&45c; young roosters. 20 25c';
old rooster, 15&lttc; ducks. 20c; geese'
25c; turkeys, live, 3.".c; dressed. 4550c;
Belgian hares, live, 1314c; squabs, fancy'
33c; old pigeons, $2.
Fruit Oranges, Valencia. $3. 30 4.75;
lemons, $S 10; lemonettes. $3 4.50;
grapefruit $3 & 4.50; applet, red astrachan
$1.5Wt&1.75, four tier; white astrachan!
$1.75 & 2. four tier; Gravenstein, $2.50 0i
2.75 four-tier; strawberries, fioff 65c per
drawer; loganberries, red, 45&50c; do,
black, 20 30c; raspberries, 75 pyoc; cher
ries, Santa Cruz Royal Anne. 8llc; do,
Bings, 15 18c pound; apricoes, 26c
pound; peaches. $1.25 1.75 small box;
cantaloupes, standards, $22.50; do ponies!
fi.io'a., o , ao, iiats, ivc jjl ; figs,
6373c single-layer box; currants, $1.40
(&1.50 drawer; plums, $1.252.23 crate;
honeydew melons, $11.50. according to
size crate; watermelons, 2&2c pound.
Receipts Flour, 190(J quarters; barley,
5443 centals; oats, 2030 cental; beans,
653 sacks; potatoes, 623 sacks; onions, 171
sacks; hay, 14 tons; butter, 443 centals;
egga, 100.304 dozen; cheese, 39 centals;
hide, 193; apples, 731 boxes.
QUOTATIONS ON DAIRY PRODUCE
Market Prices Ruling- on Butter, Cheese
and Eggs.
SAN FRANCISCO, July 14. 'Butter
Extra choice, 41 c; prime firsts. '37c;
California firsts, nominal; do, seconds,
27 Me.
Kggs Extras, 42c ; extra firsts, 38c :
dirties, 33c; extra pullets, 29M;c; under
sized pullets. Xo. 1, 24c.
Cheese California flats, fancy, 20c ; do,
firsts, 19c; Young Americas, fancy, 23c.
NEW YORK, July 14. Butter Firm.
Creamery higher than extras, 4J.41c;
extras, -'ff-t-'ic; ursts, 3S4j40c.
Eggs Weak; fresh gathered extra
firsts, .35 37c; firsts, &1 a 34c.
Cheese Strong; state whole milk flats
fresh specials, 1919ic; twins, 1919c.
CHICAGO, July 14. Butter Higher;
creamery extras. 39c; standards, 39 ic;
firsts, 3438.c; seconds, 30fg33c.
Eg-grs Unsettled, receipts 7047 cases;
firsts. 2S4r5,29VsC; ordinary firsts, 2&
27c; at mark, cases Included, 27&28c.
SEATTLE, Wash., July 14. Wholesale
prices to dealers:
Eggs Select local ranch, white shells,
38c; do mixed colors, 3ttc; pullets. 32c.
Butter City creamery cubes, 37c;
bricks or prints, 38c; country creamery
extras, cost to Jobbers, in cubes, 35c.
WORLD'S COTTON CROP ESTIMATED
Total Production Figured at 19,595,000
Bale Domestic Consumption Slower.
WASHINGTON, D. C. July" 14. The
world cotton crop for the year 1920-1921
is placed at 19,595,000 bales of 500 pounds
gross, or 478 pounds net, by the bureau
of markets and crop estimates, depart
ment of agriculture.
Cotton consumed during June amounted
to 461.636 running bales of lint and 48,6b3
bales of 1 inters, the census bureau an
nounced today. Consumption in June a
year ago was 535,133 bales of lint and
35.243 of Hnters.
Cotton on band June 30 in consuming
establishments amounted to 1,204,572 bales
of lint and 2O8.270 of linters, compared
with 1,554,274 of lint and 209. 008 of linters
a yeaf ago, and held In public storage
and at compresses 4,306,236 bales of lint
and 255,901 of linters, compared with
2.301,016 of lint and 377,236 of linters a
year ago.
Imports were 9S49 bales, compared with
19,G35 in 'June last year.
Cotton epindles active during June
numbered 32,603.315 compared with 34,
437.464 In June last year.
Coffee Futures Market Quiet.
NEW YORK, July 14. The market for
coffee futures was very quiet today, the
few sales reported being within a range
of two or three points. December sold
at 6.73c and 6.7Sc, closing at 6.73c, with
the general list opening unchanged and
closing steady, pet unchanged to one point
lower. Closing bids: July. 6.10c; Sep
tember, 6.34c; October, 6.49c; December,
6.75c. January, 6.85c; March, 7.07c; May,
7.24c.
Spot coffee was reported in moderate
demand with prices unchanged at 64c to
65,c for Rio 7s and 9)c to 8c for
Santos 4s.
Naval Stores.
SAVAKXAH. Gs July 14. Turpentine
firm, 61c; fales 319 barrels; receipts,
463 barrels; shipments, 6 barrels; stock,
10.383.
Rosin Firm; sales, 566 barrels; receipts,
664 barrels; shipments, 270 barrels: stock,
87.709 barrels. Quote: B. D, E, F $3.63; G,
$3.70; H, $3 80; I. $3. S3; K. $4.10; M,
$4.40; N, $4.75: WG. $--,.50; WW. $6.35.
Cotton Market.
NEW YORK, July 14. Cotton Spot,
quiet; middling, 12.45c.
Phone your want ads to The Ore
eonian. Main 7070, Automatic 660-36.
STANDARD ISSUES STEADY
sPEcuii-vrrrE stocks cxdeh
PROFESSIONAL 1MIESS1RE.
Liberty Bonds and; Victory Xotes
Firm to Strong Call Money
Hates Are Maintained.
NKW TORK, July 14. fBualnesa on the
stock exchange today registered the low
ebb of summer apathy, a. Indicated by
the volume of transactions, which barely
totaled 350,000 shares. v
Price changes among standard stocks
held within narrow limits, but speculative
issues of the steel. Industrial, oil, motor
and utility groups were subjected to wide
fluctuations under professional pressure.
Mexican Petroleum again aserted Its
leadership,- both as to activity and Irregu
larity of movement. Its extreme range
of about five points culminated In a loss
of 3? points. Oils and the general list
were at lowest levels in the later dealings.
Specific instances of weakness included
Western Union Telegraph at a net loss
of 54 points, also Crucible, 3etbleheru
and United States Steels, tieneral Elec
tric. Chandler and Sumatra Tobacco.
Kails of the better type moved within a
email area, but eased irregularly at the
close.
The money market repeated Its course
of yesterday, all loans holding at 8 per
cent until the final hour when 6'.i per
cent wad paid. The tt per cent rate for
time loans was shaded to per cent
with liberty bonds as collateral, but time
accommodations were limited to short
periods.
The feature of the hond market was the
ready sale of the new state of Michigan
l.'0-year b3 Issue. Liberty and victory
Lusues were firm to strong, but rails and
industrials again lacked a definite trend.
United Kingdom 5Vss and Belgian 8s fea
tured the Improved tone of foreign bonds.
Total sales, par value $10, 770,000.
CLOSING STOCK QUOTATIONS.
(Furnished by Overbeck & Cooke com
pany, Portland.)
Stock High. Low. Close.
Advance Rum ..... ..... 1
Agr Chem ..... ..... 36
do ptd j eo
Ajax Kubber... ..... ..... 20
Alaska Gold
Alaska Juneau ...... 1 4b lr?s 1 '
Allied Chem... ... 40 311' 314
Am Beet bugar , liS'fc 1:8 8
Am Bosch ..... 34
Am Can Co 26 28 20
do pfd ..... 78
Am Car & K'Jy 124
do ptd iul
Am Cot Oil 16 10 10
Am Drug Synd 41A
Am Hide & Leather 10
do ptd
Am Intl Corp 34-)i 3o 33
Am Linseed 25 24 V 24
do pfd jo
Am Loco SI 80 80
do pfd Iu3
Am Saf. Razor 44 4 14 . 4 i
Am Ship & Comrc. 7,
Am Smelter 37
do pfd 7154
Am Steel Fdy 204 20 ',i 2614
Am Sugar 07 a 6TV. 60
Am Sunuitra G2' 4 40'
Am Tel Ai Tel I0J14 13 loa
Am Tobacco. ..... 121 120 120
do B 120 120 11UW
Am Wool
do pfd.........
Anaconda
Associated Oil...
. OUVa 68 Vi 08
V4
37 37 37 Vi
. bo us 14 ia v.
Atchison
do pfd...
77 v 77 76
25 23 23-
75 74 74
7 "J7 1)7
38 38 38
Atl Gulf & W I
Baldwin Loco
do pfd
J3alto & Ohio
iiu pfd
Beth Steel "B"
B K T
Butte & Sup
Calif Packing........
Calif Pet
50
48 47 47
104 10 10
12
- 57
3oA 34
uo ptu
Canadian Pac 10U 10S 108
ejeu i.cainr. ....... . rto utt sj
Chandler Motor 40 47 48
Chicago Ol Western 7
do pfd 17'.
Chili Cop 10 10 10
Chino 23 23 25
C M St. P 20
do pld 3'J 38 30
Coca Cola..' 20
C O & 04 03 53
Colo F & 1 20
Colo Southern 36 35 35
Col Gas ac Klec 54 54 54
Columbia Graph 5 5 5
Con Gas 85 85 85
Contl Can 44 44 44
Contl Candy
Cora Prod 65 65 65
do pfd ............. , on
Cosden Oil 27 ' 27 27
C K l & P 32 31 31
do "A" pfd ti 73
do "B" pfd 04
Crucible 55 03 53
etP pfd 1 70
Cine Sugar 8 8 8
do pfd 21 21 21
Cuban Amn Sugar... 13 13 13'
Dome Mines ..... ..... 16
D & K G 1
do pfd 2 '1 1
Endicott Johnson.... 61 60 60'
Erie 13 13 13
Erie 1st pfd 18
Erie 2d pfd 13 13 13
Famous Players 01 43 48
Fed Ming & Smelt... Ol
do pfd 22
Fisk Tire ... 77 11 11
Gaston Wma.....T. .. 1
Gen Cigars........... ..... 54
Gen Eiec 124 12 122
Gen Motor 11 11 10
Gen Mot ti 64
Gen Asphalt 50 40 40
Goodrich 2l
Goodyear 9
Great Nor Ore 27 274 27
Great Nor pfd 68 67 68
Greene Canauea 21
Gulf S Steel 30
Hask Barker 53
Houston Oil 54 52
Hupp Motor 11 11 11
His Cent P2 92 91
Inspiration 34 34 34
Interboro ..... .1... 3.
do pfd ..... ..... 10
Interstate Callahan.. 4
Int Harvey 74 73 73
let Merc Marine 11 11 11
do pfd 40 48 47
Int Nickel.. 13
Int Paper 03 62 52
do pfd 90
Invincible Oil 11 10 11
Island Oil 3 2 2
Kelly-Sprlngrfield .... 38 37 87
Kennecott 19. 19 19
Keystone Tire 11 11 11
Lack Steel 38 87 37
Lee Tire 27 20 26
Lehigh Valley... ..... 50
Lorillard ..... ..... 107
Lowe Theaters 10
L & N 110
Mex Pet 108 103 103
Miami 21 21 20
Middle States Oil 11 10 10
Midvale Steel 23 23 23
M K 4 T 2
do pfd 3
Mo Pacific 19 19 19
do pfd 39 39 37
M St P & S S M 67
M & St. L -12 11 11
Nat Enamel 44
Nat Lead ' 73
Nevada Con 10 10 10
New Haven IS 18 17
Norfolk & W 95 94 94
Northern Pacific 72 70 71
N Y Air Brake 54
N Y Central 69 69 68
Okla Prod Ref 1
Pacific Dev 13
Pac Gas & Eiec 53 52 52
Pacific Oil 34 34 34
Pan Amn Pet 51 48 48
do "B" 44 43 43
Penna 34 34 34i
Peo Gas 51 50 50
Pere Marquette ...... 19
Philadelphia Co 29
Ture Oil 26 25 25
Pierce Arrow 18 17 17
Pierce Oil 7 7 7
Pitts Coal 51 51 53
Pitts & West Va 27
do pfd 74
Pressed Steel Car. ... . . 71 71 71
Pullman 9H. 95 95
Ray Cons 12 12 12
Reading 68 67 67
Remington 20 19 20
Replogle Steel 19 19 19
Republic I & S 47 46 45
do pfd ...... 81
Royal Dutch Oil 58 55 55
Ry Steel Spg 82
Sears Roebuck 64 83 64
Shell T T 40 39 " 39
Sinclair 20 20 20
Standard Oil Ind..... 60
Sloss Shef 34
Southern Pacific 76 75 75
Southern Railway.... 19 19 19
St L & S F 23
Stromberg Carb 31 31 30
Studebaker 80 78 79
Swift Co 89
Tenn Cop & Chem..,. 7
Texas Oil 34 33 33
Texas Pacific 22
Tex Pacific C i O 18 18 18
Tobacco Products.... 55 54 54
Tran Contl Oil 7 7 7
Union Oil Del 19 19 18
Union Pacific 119 118 11S
United Alloy 30
United Drug 84 84 84
United Food Prod 16
United Fruit 104 103 103 y;
United Retail Stores. .54 C4 33
U S Ind Alcohol 5) 49 50
U S Rub 49 48 48
do 1st pfd 95
IT s Smelting; 3a
U S Steel .. 74 73 7.i
do pfd 109 jno 109
Utah Copper 48 4K 48
Va Chem.
72
28
6
7
14
55
23
63
83
42
9
31
6
29
33
2S
112
43
Western Union 86
Westinghse S & M... 43
West Md
81
42
White Motors
Willys-Overland .... T 6
do pfd
Wilson Packing .....
Wisconsin Central
v oolworth , ..... .....
Worthlngton Pump
BONDS.
D 9 2s ref 100!N T C deb 6a.
do 2s coup. . 100 (Nor Pac 4s...
do 4s reg..."104 do 3s
do cv 4s cp.104 Pac T & T 5s.
Panama 3s reg '75 IPenn con 4s.
do coupon.. 73 I.So Pac cv 5a..
A T & T cv 6s 97 So Sy 5s
Atchen gen 4s. 76! Union Pac 4s..
D & R con 4s. 63,U 6 Steel 5s..
90
75
54
S3
S."
85
82
80
1
Bid.
Liberty Bond Quotations.
Range of liberty bond .quotations, fur
nished by the Overbeck & Cooke company
of Portland.
Closing
High. Low. bid.
Liberty, 8s 86.08 SG.5U 80.54
Liberty, 1st 4s 87.12
Liberty. 2d 4 80.80
Liberty, 1st 4s 87.30 87.16 87.22
Liberty, 2d 4s S7.10 86.96 87.02
Liberty, 3d 4 s 91.18 91.00 91.10
Liberty, 4th 4s 87.22 87.00 87.10
Victory, 4s 98.30 98.28 98.32
Victory, 3s 08.34 98.28 98. S2
Mining; Stocks.
BOSTON. July 14. Closing quotations:
Allouez ....... 20 INorth Butte.... 9
Arizona, Com. . . 7,01d Dominion... 22i
Cal & Ariz.... 45 Osceola 20
Cal & Hecla...223 IQulncy 37
Centennial .... 7 Superior 3 '
Cop Rge Con.. 32 Spr & Bos Min. 1
E. Butte Cop.. 7 Shannon 80
Franklin 1 Utah Con 3
Isle Roy Cop.. 19 IWinona 45
Lake Copper... 2 'Wolverine 10
Mohawk : 48
Swift & Co. Stocks.
Closing prices for Swift & Co. stocks at
Chicago were reported by Overbeck &
Cooke company of Portland as follows:
Swift & Co 90
Llbby, McNeil & -Llbby. . 7
National Leather 7
Swift International 24
Money. Sliver, Etc,
NEW TORK. July 14. Prime mercan
tile paper, 6 6 per cent.
Time loans steady: all 6 per cent.
Call money firmer; highest and last
loan. 6 per cent: low, ruling rate and
closing bid, 6 per cent; offered at -6 per
cent.
Bar silver, domestic. 93 c; foreign,
60c
Mexican dollars, 46c
LONDON. July 14. Bar silver, 37d
per'ounce.
Money 4 per cent. Discount rates, short
bills, 4 per cent.
For Ipn Exchange.
Foreign exchange rates at close of busi
ness yesterday, furnished by CCoriU western
National bank of Portland. The amount
quoted is the equivalent of the foreign
unit in United States funds.
Country Unit. K;e.
Austria, kronen $ .0020
Belgium, francs 0775
Bulgaria, leva 00'JS
Czechoslovakia, kronen 0142
Denmark, kroner , ' .1015
England, pound sterling 3.(i."00
Finland, finmark 01 so
France, francs '. .osoo
Oarmany. marks 0142
Greece, drachmas 0."ti5
Holland, guilders V3M0
Hungary, kronen o43
Italy, lire t 0472
Jugo-ftlavia. kronen '. 0075
Norway, kroner 1370
Portugal, escudos 1345
Roumania, li .015
Serbia, dinara O270
Spain, pevetas 1310
Sweden, kroner . . .2130
Switzerland, francs I;ti5
China Hongkong, local currency... .5125
Shanghai, tael .700
Japan, yen 450
NEW TORK, July 14. Prime mercan
tile paper. 6 4 g-6 c ; exchange heavy;
sterling, demand, $3.03 14 ; cables, $3.4.
Francs, demand, 7.84c; cables, 7.h."c. Bel
gian franca, demand, 7.64c; cables, 7.05c.
Guilders, demand, 31.80c; cables 31.80c.
Lire, demand, 4.61c; cables, 4.02c. Marks,
demand, l33c; cables, 1.34c. Drachmas,
dent and, 5.40c. Sweden, demand. 21.15c.
Norway, demand, 13.50c, Argentine, de
mand, 29.25c. Brazilian, holiday. ' Mont
real, 12 5-10 per cent discount.
Foreign Bond.
Foreign bond quotations furnished by
the Overbeck & Cooke company of Port
land: Bid. Ask.
Russian 514s, 1021 .12 13
UuHMian ftH, 1020 3 fl v.
Russian 6i:3, 191 13 1
trench 43. 1917 47 4S
French 5s, 1020 -s 14 yj( 14
Italian 5s, 1!1S 33 V 34
British 5s, 1H23 3W) 370
British 5a, 1!27 35! 3(;(
British 5s. 11120 50 3tiO
British vky 4s....... 275 SS5
British ref 4s 254 204
Belgium prem 5s . . . . r.rt 72
German W. L 5s 10
Berlin 4n 10 12
Hamburg 4s . . . . .B n 13
Hamburg 4'aS 12 14
Leipslg 4a 1 1 i
l.eipsig 5s 13 j-t
Munich 4s 12 13
Munich 5s 1
Frankfort 4s ii'i 14
JP
Jap 1?ts.41B 4S 84
iap " 4 34 R4"
Paris 6s 99 100
U iv A "53. 1921 99 IOO
U K 6VS, 1H22 fl7-H 97 vi
U K 5s, 1937 85 tj Sb
Exchange Sales fo Be Withheld.
NEW YORK. July 14. Steps were taken
today by the New York coffee and sugar
exchange to prevent publication hereafter
of the total sales on the exchange of cof
fee and sugar futures. Superintendent
Stroud of the exchange declined to give
any specific reafons for the action. The
tone of the trading from day to day can
be reported, but no definite or approxi
mate figures must be used.
s Metal Market.
NEW YORK, July 14. Copper Steady.
Electrolytic, spot and nearby, 12?i13c
third quarter, l313c.
Tin Steady; spot and nearby, 28.25c:
futures, 28.25c.
Iron Nominally unchanged.
Lead Quiet; spot, 4.40c.
Zint Steady; East St, Louis, spot
4.254. 35c.
Antimony Spot. 4.65c
w York Sugar Market.
NEW YORK. Juiy 14. Raw sugar. 4.37c
for centrifugal; refined, 5.20c to 5.75c for
fino granulated.
Duluth Llmerd Market.
DULUTH, July 14. Linseed, on track
and to arrive, $1.04.
GRAIN MEN COURT PROBE
Pooling- Scheme of Growers Held
to Be Open as Bay.
CHICAGO, July 14. The campaign
of the Grain Dealers -National asso
ciation against the grain-pooling
scheme of the United States Grain
Growers, Incorporated, is as open, as
the day and any information congress
might want will be speedily forth
coming, R. I. Mansfield, chairman of
the association's executive committee,
said today.
"His announcement was in connec
tion with a resolution introduced in
the United States senate this week
by Senator Kenyon of Iowa calling
for an investigation.
do pfd n ' 72
Vassxdlum Steel 28 28
Vivancou. ........... 6 64
Wabash
do A pfd
Wells Fargo
Western Pacific ....
do pfd ..... . .
Portland, Oregon. July 15, 1921.
WE TAKE PLEASURE IN ANNOUNCING THAT
MR. ROY A. JOHNSON
Formerly Resident Manager for Carston & Earls, Inc.
HAS THIS DAY BEEN ADMITTED
AS A PARTNER IN THIS FIRM
E. L. DEVEREAUX and COMPANY
BAND ON
Four major industries, each of which is basic,, contribute
to the stability and prosperity of Bandon. Lumbering is
at present its largest industry. Four sawmills are located
in the city. Over 1,500,000 pounds of cheese and
2,000,000 pounds of butter, and immense amounts of
condensed milk are included in its dairy products. At
Bandon the Nestle's Food Company has a $400,000 milk
condensory in operation. Salmon fishing supports two can
neries, and the city is the trade center for hundreds of farmers.
We recommend as a very good investment
6 General Obligation Bonds
BANDON
Den. $1000-$500 yield ey2 fi
Income Tax Exempt
Legal Investment for Savings Banks
liws x (3rcArsr -BANK
Broadway and Oak
ALL LINES HOLD STEADY AT
LOCAL YARDS.
Only Seven Loads Are Received
During Day and Two of
These Go Through.
The advance In the hog market was
checked, at least temporarily, yesterday,
although only a few head were received.
Total receipts at the yards were light,
amounting to only seven loads, of which
two loads of cattle wc-nt through. The
market was, therefore, quiet throughout
the day and prices were steady and un
changed in all lini.
Receipts were 120 cattle, 31 hogs and
418 she-p.
The day's sales were as follows:
Wt. Price.! Wt. Price.
1 steer. lHt0 $6.;i5 8 hogs. 170 12. im)
3 steers lino, 6.:i5 15 hogs.. 219 12.00
2 steer. !' 6.351 1 hog 2S0 11.00
10 mixed 52t 3.5ii! 1 hr.g... l:it I2.no
2 hogs,. 145 n.75 2 hogs. . 2 MO 12. 00
1 hog.. 4.i0 7.50' "hogs?. 200 12. on
19 hogs. I'.U 12.00 242 lambs 74 Ml
13 hogs. 171 12.00,140 Iambs 83 6 :15
17 hogs. 2(7 12.oo 26 year Is. lo3 5.O0
3 hugs. 2o6 12.0ni 1 yearl.. 120 4.50
Livestock prices at the local yards fol
low: Choice steers $ T.OO-fJ 7.75
Medium to good steers 6.no' 11.75
Fair to medium steers 5.25'rr 6 00
Common to fair steers 3.50'. 5.25
Choice cows and heifers 5. 5n fi on
.Medium to good cows, heifers 4.75 1 5.50
Fair to medium cows, heifers 3.75 fi- 4.75
Common cows T 2 7.Ji; 3.75
Canners 1.75 2.75
Bulls . ., 3. --ii 4.25
Choice dairy calves .50irlo.0o
Prime ligh calves 9.oovi n.50
Heavy calves 4.Ttfv O no
Choice- ee1ers ............... 5.on'-c ...",0
Fair to good feeders 4.0O 5.00
Hogs
Prime light ll.no -si 2. on
Pmooth heavy. 250 to 300 lbs. lo.onn.on
Smooth heavy 300 lbs. and u-p 9.tm'n m.no
Stags S.ttof- fi.ort.
Fat pigs 1l.50'.i 12. on
Feeder pigs 10.00jj 10.50
Sheep
East-of-mounta!n lambs 7.on-fr 7.50
Best valley lambs 6.50 7. on
Cull lambs 4.50fi 5.00
Feeder Iambs 2 50 4. on
Light yearl In cs 4.50-j? 5 25
Heavy "yearlings -4.00'fi) 4.50
Light wethers 4.0O 4 50
Heavy wethers 3.0(t'-r 4.00
Ewes 1.00 3.50
KanftM City Livestock Market.
KANSAS CITY, July 14. U. S. Bureau
of Markets.) Gattt Receipts. 520O. Beef
steers, she stock and yearlings weak to
25c lower; top heavy steers, JS.50: best
Texas. 7.75; best yearlings, Sii.351i 9.40;
good heifers, $.50'R7: bulk cows, 4.50S'
5.75; few iota, $06.25. calves, steady to
25c lower; bst vealers, $0; other classes
generally steady; canners mostly $1.50 'nt
1.75: bulk bulls. $3.75 fr 4.50; stock steers
mostly $4.505.50; good SOO-lb. feeders,
6.50.
Hogs. Receipts. 4O0O. Generally l2:c
higher; mixed loads of better quality ad
vancing most; best lights and mediums
to shippers, S9.90; bulk of sales. 551
9.85: packer top. $9.83; stock pigs, steady
to 10c higher; 9.70 paid.
Sheep Receipts. 1500. Killing classes
strong, most fat native ewes, $4 4.25; top
native lambs, $9 50; bulk, $9.0o& 0.50.
Chicago Livestock Market.
CHICAGO, July 14. (U. S. Bureau of
Markets.) Cattle Receipts, 11.000. Year
lings, strong; bef steers, steady ; prime,
7:!-pound yearling steers and heifers.
$9.50; bulk beef steers. $7. 25 If S.75; she
stock. 15 to 25c lower; bulk fat cows and
heifers, $4.507 6.50; bulls, weak to 15c
lower; bolongna bulls, mostly $5 5.50;
butcher grades largely $5.75ff6.50; veal
calves, steady to outsiders;, big packers,
bidding lower; Blockers jid feeders,
steady. .
Hogs Receipts, 31.000. Active, 15 to
25c higher than yesterday's average ; In
between grades up most;-big packers do
ing very little; top part load. $10.25; prac
tical top, $10.20; bulk better grades, $9.60
ft 10.15; bulk packing sows, $S.40ft?S.S5;
pigs. 10 to 15c higher; bulk desirable,
$1). !nf?l0.10.
Sheep Receipts, 17.000. Sheep, culls
and feeder lambs, steady; ' fat lambs
around 25c lower: native lambs, top, $10;
fulls, mostly $6: four loads Oregon Iambs,
$10.75, sorted ; Oregon two-year-old weth
ers, $6.40. .
Omaha Livestock Market.
OMAHA, July 14. U. S, Bureau of
Markets.) Hogs Receipts, 8500; mostly
15c to 25c higher; bulk better grades,
$9.25 iff 9.85; top, $9.U0; packing grades,
$3.009.15.
Cattle Receipts. 3000; good beef steers,
steady others, 10 to 15c lower; top
weighty steers, $8.80; butcher stock,
steady to strong; other classes, steady.
Sheep Receipts, 05OO; lambs slow to
25c lower; natives, $10; westerns, 10.50;
other classes, steady; feeding yerIJngs.
$7.50; ewe ttfp. $4.S5; feeding lambs. $6.65.
Seattle Livestock Market.
SEATTLE, July 14. Hogs. weak. Re
ceipts, none. Prime, $1010.00; smooth
heavie. $78; rough heavies, $4.50--6;
pigs, $910.50.
Cattle Steady. Receipts, 133; quotations
unchanged.
Salvation Army Ofricer Arrives.
CEXTRALIA, Wash.. July 14. (Spe
cial.) Lieutenant H. K. Vaugrhan ar
rived here yesterday from Boise. Ida
ho, to take command of. the local
corps of the Salvation Army. Cap
tain and Sirs. F. Gartrell. lately in
command here, have been transferred
to Nampa, Idaho. Captain E. J. Eber
hard, at one time in chargre of the
Centralis corps and' later stationed at
Camp Lewis, is the new commander
at Boise.
Cedar to Be Cut for Japan.
MORTON; "Wash July 14 (Special-)
Robert Britt has. just conrplet
ed a contract to cut between 650 and
700 telephone poles, and no-w s pre
paring to erect his sawmill to cut out
an order of cedar for Japan- He is
building- the mill on the Robert Chap
man place in Highland valley. H-3
expects to sell the cedar direct to the
consumer in Japan.
ponian. Main 7070, Automatic 660-95.
Phone your Tvunt ads to The Or-
S!t.!J..iXi.mXT.!.t!..t!....!JLLJZ.
factors
of
Safety
A thorough, expert
analysis of each is
sue precedes our pur
chase and offering of
bonds. This, together
with the stability and
experience reflected in
the sixty-two years con
tinuous standing of the
Ladd & Tilton Bank, fur
nishes the maximum of
safety to . t h o s e with
funds to invest.
BOND DEPT.
Ladd & Tilton
, Bank
Oldest In the . Xortlnvest,
WASHINGTON" AT THIRD
llT'sTiTiXi
$250,000 j)
i
City of Portland
4
Water Bonds
Dated July 1, 1921
Due July 1, 194S
These bonds are a gen
eral obligation of the
City of Portland.' Coupon
Bond's, denomination "
$1000. Principal and
semi-annual interest pay
able at the office City
Treasurer of Portland or
in New York.
Price 79.75 to Yield 5.30
E.H.ROLLINS &SONS li
prvestment lionds
BOSTON 'NEW YO RK CH ICACO
SAN FRANCISCO LOS ANGELES
f QSarthxi-est 'Hefrresen tative f
4U4 COUCH BUILUI.NU XI
Cplefihone Marshall 2t)5
PORTLAND
ACHIEVEMENT
Achievement is. according to Web
ster, "something accomplished by
valor, boldness or praiseworthy
exertion." The Panama Canal
Warren it e Bitulithic pavement
both are achievements. Each
benefits the case. Each is
the result of praiseworthy ex
ertion. The manufacture of pave
ment of such durability and re
siliency as Warrenite Bitulithic
is an achievement of a high order.
Proof of this fact is evidenced by
the excellent condition of streets
and highwaj's that have for many
years withstood severe tests
under all conditions.
HERRIN & RHODES, Inc.
(EstabUxhrd 1SS) '
BROKERS
MEMBERS CHICAGO BOARD OF
1 RADK,
Private Wire Iir.p?t to All Secur
ity and Commodity Market n.
Local and Unllnted Securities.
Quotation! anil Infnrmnuoo Cbver
i uily Fur nix tied.
LIBERTY AKO VICTORY BONDS
BOUGHT AM &UI.U.
Mnin S3 and
201-205 Knilwuy K x t-ii u 11 CZtSA. j