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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (July 29, 1921)
TTTT? TUORXTXG OREGOSTAJr. "FUTDA Y. . JULY VO, 1921 Of LDEMMID HERE IS STILL SLIGHT Mills jof the Northwest Are Well Stocked Up Now. . SOME MOVEMENT TO EAST Reports From Boston Show Better Sentimen , Among the deal ers There. Tn spite of reports of a better demand fov wool in Boston and other eastern wool cent era, wool men report that the condition Is quiet locally, with practically no sales since the middle of the month. f The local lack of demand Is due pri marily to the fact that mills In the north west have supplied their wants for the next 60 or 00 days and consequently are not In the market. Considerable wool was sold here last month and number of the western mills, stocked up at that time. The demand In the east has not yet communicated Itself here to any great extent, although considerable wool Is be ing, shipped from here to eastern centers. However, most of this is wool which was previously negotiated for or stocks shipped east by dealers in the regular movement. If the general Improvement In the east . continues It U considered only a question of time until the local marltet will be affected. However, even "though the de mand does Improve, no great advance in prices is anticipated here on account of the great amount of wool still In the countiy to be disposed of. The New York Commercial announced that business is growing In the makret for wool at Boston and a better sentiment regarding the situation is found among the dealers there. "The Improvement In business has been alow and nothing startling is anticipated for the rest of the year, but a further steady sain appears to be in sight," said that publication. "Transactions have been Irregular in that one house does well one day and a different firm gets the business another time. The distribution of business over the different grades, however, has been fairly satisfactory. The conditions generally are considered more akin to an ordinary market today than for some time. "Among the sales of territory wool for the past week is a lot of about 200,000 pounds Utah at 22 to 23 cents, or 62 to Co cents clean, and one of 50,000 pounds fine medium Wyoming at 65 cents. Borne (Choice half-blood staple territory has been soTd at 70 to 75 cents clean. The bulk of the medium wool said has been three-eights blood, this going generally at 50 to 52 cents clean. Some choice lots are said to have been sold at 55 cents. Quarter-blood still appears to be neglected on the whole, but rumors of 'distress sales persist. It Is reported in this connection that some 21)10 wool has been sold under or at 33 cents clean." Reports published In the Daily News Record of New York said that there Is practically no fine staple wool in the Philadelphia market, so quotations on that type of wool have shown a tendency to advance moderately. 'There Is an ample supply of fins cloth in if grades and a superabunance of 'ower grade wools, so that it is with difficulty that current prices of the better wools of these grades can be maintained, while wools not so desirable have eased off," said that publication. The bureau of markets of the depart ment of agriculture has announced the fol lowing figures on wool consumption dur- Ing the month of May. The figures indi cate the quantities of wool entering into manufacture: Of a ttftal of 41,657.000 pounds of grease wool consumed during May, 17,052,000 pounds were used in this country and 24.605.o00 pounds went into foreign man ufacture. Scoured wools to the amount of 6,110, 000 pounds were used during the month. Of this total 3,546,000 pounds were used domestically and 2,564,000 pounds abroad. The total May consumption of pulled wool was 2,2811,000 pounds. Out of- this American manufacturers used 1,800.000 pounds and 480,000 pounds, were consumed by foreigners. WHEAT BID TRICKS GO DOWN HERE Movement of Grain in Country Districts Continues Small. A reflection of bearish conditions In the n-heat market at Chicago featured the session of the Merchants' Exchange here yesterday and bid prices on wheat dropped one cent a bushel on all grades of wheat for spot delivery except red Walla, which remained unchanged. Wheat for August delivery was also down a cent and drops were likewise registered on wheat for Sep tember delivery on all grades except hard white. Movements ef grain in the country dis tricts continued to be small, although some was said to be changing hands. The for eign exchange situation and the lack of finances in foreign countries for cash pur chases continued to be a factor in holding back dealers frbm making offers as high as a large number of the farmers are de manding. Advices received from Argentina- by the Merchants' Exchange yesterday estimated the shipments this week as follows: Wheat. 55.000 bushels versus 4.45S.000 bushels last year; corn, 5600 bushels, ver sus 311, 41 last year: oats, lOoO bushels versus 206,000 bushels last year. The weather report for the grain belt, as received by the. exchange, said: "Missouri and Wisconsin partly cloudy.. Illinois partly cloudy and somewhat un settled tonight and Friday, not much change in temperature. Iowa unsettled, but mostly fair tonight and tomorrow, not much change In temperature. Minnesota and Dakotas fine. Nebraska unsettled this afternoon followed by fair weather." Advices from Fort Wayne said that there ' had not been any rain there in five weeks. Corn was said to still look good, but must have rain shortly. Oats was declared to be about half of last year's crop. Des Moines reports were that there was rain falling south of there, where it haH been very dry and moisture was badly needed. Terminal receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat. Barley.Flour. Oats. Hay. Portland Thurs, Year ago Season to date. . 58 1 11 1 7 42 1 1 ... 1 1S07 21 181 5T 110 101T 16 49 48 53 10 ... 12 ... 8 2!'3 4 78 7 51 . 101 4 100 2 54 8 7 ... 4 1 3 253 5 56 77 110 73 4 25 ... 167 Y. Tacoma Wed Yar BED ... euson to date. 2:3 Year ago ...... Seattle Wed.... Y'ear ago Season, to date. Year ago NEW DISCOUNT AGREEMENT MADE Dealers and Growers Discuss Problem at Merchants' Exchange. Discounts in- the buying of wheat will be figured at the rate of cent for every pound below bO pounds Instead of at the rate of 1 cent for every pound or frac tion thereof below 6u pounds as previously, according to an agreement reached at a meetins of grain dealers of Portland and Paget sound cities and representatives of the farm bureaus of Umatilla county. Ore gon and walla walla county. Washine- tn, at the Merchants Exchange yester day alternoon. The agreement must be ratified by the Merchants' Exchanges of the cities of Portland, Seattle and Tacoma before it can be put into effect. J. H. Painter and George Ginn of Walla Walla and S. R. Thompson and Fred Steiwer of Pendleton represented the farm bureaus at the conference. N. A. Leach, president of the Portland exchange, pre sided at the conference. Among the Se attle representatives present was J. H. Hanlon, manager of fhe Seattle exchange. Wheat Growers Enter Field. The recently ortranized Northwest Wheat Growers'' Co -operative association has en tered the Portland field for the handling of business at tidewater and has estab lished an office for the sale of grain in the Railway Exchange building. This office will be in charge of Guorge "West gate, for many years in charge of the sales of Albers Milling company here and will be opened for business August 1. It is expected that the association will also establish an export branch. , Cheese Prices A nnou need. In accordance with the advance of 2 cents on cheese the Oregon Dairymen's Co operative league Issued a new schedule of prices eirective yesterday. These prices which are to wholesale dealers fol low: . Melowest Triplets, 24c; Young Ameri cas, 25c; Long Horns (supply limited). -T Coos-Curry Triplets. 22c: Younc Amer icas (supply practically exhausted), 23c;' x-oiir norrw (supply limited), 23c Unbranded cheese (supply practically ex hausted) Triplets, -20c; Young Ameri cas, 21c. - Bank flrarint Bank clearings of the northwestern cities yesterday were as follows: Clearinps, Balances. Portland S3. 440.31 J $ 5SB.7T5 Seattle 4.570.174 1,704. S01 Tacoma 413.327 2S.675 Spokane 1.3SMi,i'J7 522.426 PORTLAND MARKET QUOTATIONS Grain, Flonr. Feed, Etc. , Merchants' Exchange, noon session: Bid July.. Aug:- Sept. I 1.14 S 1.12 1.12 1 11 1.11 1.10 1.11. 1.11 1.10 ion i.ot l.oo 1.09 1.08 1.08 1.07 f 1.07 1.07 27.00 25.00 24.00 24.00 23.00 23.00 31.25 31.00 Wheat Hard whits Soft white "retard winter .... .Northern spring Red Walla Oats No. 2 white feed Barley Corn No. 2 E. Y. shipment FLOUR Family patents. $7.80 per bar rel; whole wheat, ?6.20; graham. $6 00; bakers' hard wheat. $7.25; bakers blue stem patents, $0.75; valley bakers) -$6; straights. $5.75. MILLFEED Prices f. o. b. mill: Mill run, $23 per ton; rolled barley, S35&37: rolled oats, $37; scratch feed, $00 per ton. CORN Whole, S3S; cracked. $40 per ton. HAT Buying price f. o. b. Portland; Alfalfa, $15 per ton; cheat, new. $14 ton; clover, $11 per ton; valley timothy, new, $1U20; eastern Oregon timothy. $26. Dairy and Country Produce. BUTTER Cuoes. extras. 34c per pound; prime firsts, 33c; prints. parchment wrapped, box lots, 40c; cartons. 41c. But terfat, buying prices: A grade. 34c; B grade, 32c, Portland delivery. BUGS Case count, 30 32c; candle ranch egjfs. 32fr34c; selects, 30 Gr SOc. CHEEriE Tillamook, triplets, price to jobbers, f. o. b. Tillamook. 2tic; Young America?, 27c pound. POULTRY Hens. 17'24c lb. ;, springs. Leghorns. 22 32i;c; Rocks and Reds. tiQ 28c: ducks. 2o(24c; geese, nominal; tur keys, nominal. PORK Fancy, 16c per pound. VEAL Fancy, 14e per pound. Fruits and Vesretables. FRUITS Valencia oranges. .).506.25 per box; lemons, Sli.5u& 13: grapefruit. $3.5004.50 box, bananas. 10Villc pound: apples, old crop, $22.25 per box: new, $1.50)2; " cherries, tift14o pound; can taloupes, $1.75(3)3.75 crate; peaches, tl $1.50 box; watermelons, 23Vfec pound; lloneydew melons, $2.25; apricots, $1.50 t&2 box; plums. $1. 00(52. 25 box; raspber ries. $1.5011.75 crate; loganberries, $1.50 &1.75 per crate; blackcaps. $22.25 per crate: pears, $3.754 box. VEGETABLES Cabbage, 4C pound; tettuce, $2.50 per crate; carrots, $2.50 per sack; garlic, 102c per pound; beets, $2.25:2.50 ptr sack; green peppers, 30c per pound; rhubarb, 56c per pound; tur nips, $2.50 per sack; tomatoes, Slf&l.oO per box; cucumbers, 6500c per dozen; peas. 10 15c per pound; beans, lu15c per pound; green corn, $4 6-4.50 per crate. POTATOES New Oregon. 2&;21c a pound; new California, 23c pound. ONIONS California red. $.1.75 sack; yellow, $2 sack; Walla Walla, $2. Staple Groceries. Local jobbing quotations: SUGAR (sack basis) Cane, granulated, 6.9.".c pound; beet, 6.75c pound. . NUTS Walnuts, 2325c pound; Brazil nuts, 1S&20C; filberts. 18c; alzuonds. 24g? 3uc; peanuts. 8 if lie pound. Provisions, ICE Blue Rose, 6c per pound; Japan style, 4c pe: pound. BEANS Small white. 5V4C-, pink, 8V4c; lima, Tc; red, 10c per pound. COFFEE Roasted, bulk, in drums. 14 Q S6V.C per pound. SALT Granulated, barrel, $3.404.25: half ground, ton 50a. $17.25; 100s, $16.25; lump rock, $26.50. - DRIED FRUITS Dates. $4.256 85 per box: figs, $3.25(& 5.25 per box; prunes. 7 ejt 10c per pound. , HAMS All sizes, 376390; skinned, 34'S 41c: picnic, 20(Li'21c; cottage roll, 25c. BACON Fancy, 4752c; choice, 32 37c; standard, 25 20c. LARD Pure,- tierces, 16c pound; com pound, tierces, 12ric DRY SALT Backs. 22 9 25c; plates, 16c. Hides, Hops. Etc - TALLOW No. 1. 4c; No. 2, B3Hc per pound. ' CASCARA BARK Five cent delivered Portland. pound HOI'S rltt20 crop, 11 13c per pound. HIDES Nominal. WOOL New clip, 1221c per pound. MOHAIR New clip, 16c 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-gallon cans, $1.10. TURPENTINE In drums, 82c; 5-gallon fans, tl.oj. WHITE LEAD 100-lb. kegs, 13c per lb COAL OIL Tank wagons and Iron barrels, lttac; cases. 30&37c GASOLINE Tank wagona and iron barrels, 28c; cases, 40ftc QUOTATIONS ON' DAIRY PRODUCE Market Prices Ruling on Butter, Cheese and Eggs. SAN FRANCISCO. July 23. Butter. cheese, unchanged. ' Kbits Fresh extras. 44c; extra firsts, 40c. sweet potatoes 5(W12c. Hens life 3 jc; squabs, S2.50tfM.20 dozen. SEATTLE, July 28. Wholesale Dricea to aeaiera: Kgga Select local ranch, white shells. 40c; do mixed colors, 3S(fr30c; pullets. 34 IB 35c. Butter City . creamery, dubes, 3839c: bricks or prints, 3c; country creamery exiras, cose to jouoers in cuoes, ooc. NEW YORK, July 2S.--Butter -Firm. Creamery higher than extras, 43y43c. creamery extras, 42 be; creamery- firsts, 3J"A!h4H4c. Krss Firm, unchanged. Cheese Steady, unchanged. CHICAGO. July 28. Butter Higher. creamery extras, 41HC; standards, SOc firsts, 3(40c: seconds. 3unooV,c. Eggs Firm. Receipts, 7250 cases: firsts. - vs & -.c ; ordinary firsts, 2Jfi2cc; miscel laneous, 26t'27BC. Metal Market. NEW YORK. July 2S. Copper, unset tied. Electrolytic, spot and nearby, 12 l-'c; later. lHl.'sC. Tin, firmer. Snot and nearby, 26.50c; futures, 26.62c. Iron, nominally unchanged. Lead, steady. Spot 4.40c. Zinc, quiet. East St. Louis spot, 4.20(9 4.25c. Antimony, spot, 4.65c. Naval Stores. SAVANNAH. Ga., July 28. Turpentine firm. 51H;c; sales. 442 barrels; receipts, 402 (barrels; shipments, 7 barrels; stock, 12.347 barrels. Kosin, firm. Sales. 1034 barrels; receipts. 1164 barrels; shipments. 80 barrels; stock, 92.151 barrels. Quote: B. D. E, F. $3.55; G. $3.65; H, $3.70; 1. $3.75; K. $3.05; M. $5.20; N. $4.40; WG, $5 25; WW. $6.05. Dried Fruit at New York. NEW YORK, July 28. Evsporated apples. nominal; prunes, unsettled; poaches, quiet- " . Kew York Sugar' Market. ' NEW YORK, July 28. Raw sugar 4.61c for centrifugal. Refined. 5.85c to 6.U0C for fine granulated. Discount Rate Reduced. PARIS, July 28. The. rate of discount of the Bank of France was reduced from 6 tq54,per cent today. . New York Cotton Market. NEW YORK, Juiv 28. Cotton Spot, quiet. Middling, ll.Uoc STOCK MARKET DEPRESSED NUMEROUS SPECULATIVE SUES SHOW WEAKNESS. IS- Further Pronounced Easement of Call Money Rates Down to 3 4 Per Cent. , NEW YORK, July 28. Recurrent weak ness among numerous speculative Issues, particularly equipments, was the depress ing feature of today's stock market. Fur ther pronounced easement of call money rates, which fell to 3Vi per cent, played no part in the calculations of traders. Gross declines of 3 to 12 points accom panied the steady offerings of Railway Steel Spring, General Electric, National Lead and Pressed Steel Car. The latter sustained an initial decline of nearly eight points on overnight news that payment of the dividend had been deferred. United Drug, yesterday's spectacular is sue, opened a a five-point rally, which soon gave way to another reversal of seven points. The final quotation, however, showed a net gain of three points. Pierce Arrow common and preferred, Studebaker, Pullman, American and Bald win locomotives. Famous Players, United Fruit and half a score of kindred as well as unclassified stocks reacted two to five points. Rails were the only fairly stable Issues, notably Pacifies and coalers. United States Steel and independent issues of that group showed occasional substantial support with high-grade oils, but eased variably at the heavy close. Sales, 485,000 shares. Advices firom steel centers said lower prices had brought little new business. The quarterly report of the Bethlehem f Steel corporation disclosed a large shrink age of orders' compared with the first three months of the year. Exchange on London was steady and the French rate stiffened in response to the lower discount rate announced by the Bank of France. German and Austrian remittances weakened, with variable changes elsewhere. Liberty bonds were appreciably higher, also local utilities, and several of the for eign group, especially French municipals and United Kingdoms of 1037. Total sales, par value, f 13,675,000. CLOSING STOCK QUOTATIONS. (Furnished by Overbeck & Cooke com. pany, Portland.) Agr jnem . . . Ajax Rubber.. Alaska Gold.. . Alaska Juneau Allied Chem.. . Allis-Chal Am Beet Sug.. Am Bosch . . .. Am Can Co... do pfd , Am Car & F. . do ptd Am Cot Oil . do pfd Am Drug Svn. Am Hide & L. do pfd Am Ice Am Intl Corp. Am Linseed. .. do ptd , Am Loco .... do pfd Am Saf Razor . Am Ship & C. Am Smelter.... do pt'd ' Am Steel Fdy. Am Sugar .... 35 22 1 38 3o 2 32 81 122 loo V 38 4 11 52 55 33 24 57 80 1U2 4 6 37 71 25 68 88 40 105 122 121 71 70 23 8 37 DO 85 '78 88 21 77 95 30 52 48 12 4 12 H 57 3.-. 71 112 33 211 40 65 7 '4 17 10 22 do pfd Am Sumatra.. Am T & T Am Tobacco.. do B Am Wool .... do pfd Am W..P pfd.. Am ;ine Anaconda .... Assd Oil Atchison do pfd Atl Coast Line Atl G & W I. . Bald Loco . . .". : do pfd Balto Ohio.. Co pfd Beth Steel B. B R T Butte C & Z. . Butte and Sup Caddo Oil Cal Packing... Cal Pet do pfd Can Pac Cen Leather.. Cerro de P. . .. Chand Motor. Chi & N W. .. Chi Gt West.. do pfd 600 2,300 100 l.OOO 2.500 4,100 500 1,000 200 800 7,800 700 100 VOO "ooo " 1,000 1,600 - 100 100 2,500 "i.'ooo 1,000 aoo 200 100 300 1.810 6.800 1.7O0 300 6,100 "106 200 200 200 5.200 7,400 17 IO 14 23 27 43-4 35 56H 24 37-4 57 4 SO 17-4 10'i 23 42 33-4 5U 23 37 564 414 88 '4 Chili Cop Chino C M St P 27 do pfd 42 33 55 23 Coco Cola . c & o Colo F & I. . .. Colo Southern. Colo G & E. . . 36 ol 4 Col Graph . . . Con Gas Con Cigars . . . 88 20 Uo Did oo Contl Can . . .. Contl Candy.. 43f4 'ei" '29 33 "4 74 4-4 55 .-'ioii 27 '4 16'4 1T "i 61 M 14-4 20 14 46 vi '21 12-fc 1-4 57-4 123 10-4 43-4 '56" ''jsij 32(4 74 644 54 '16' 26 16 60 '4 13 20 14 -45 '21- 12 - Hi 5714 116'4 10 !4 43 corn Prod .... 60 do pfd Cosden Oil . . . C R I & P 28 32 74 do A pfd . . . do B pfd... 64 Crucible ...... 54 do Did Cuba Cane . . . 10 do Dfd V2tt Cub Am Sug.. 16 uome .Mines. .. 1 D & R G 1 eovi 13'4 do pfd Endl Johnson. Erie do 1st pfd.. do 2d pfd . .. Fam Players.. Fed M & Sm. . do pfd Flsk- Tire . 20 14 46 5 ' 21 , 12 Gaston Wms. . Gen Cigars . . . Gen Elec Gen Motors . . 1 67 116 10 do bs Gen Asphalt . Goodrich ..... Goodyear .... Granby ....... Gt Nor Ore. .. do pfd . -7. . Greene Can... 64 52 24.000 500 V06 400 2.200 54 32 4 'ii'hi 27 71 52 30 '4 'iiii 27-4 69 31 12 17 2. V4 70 zu 31 Gulf S Steel. . . Hask Barker.. Houston Oil... Hup Motor ... Ill Central Inspiration ... Int Agr "Corp. do pfd Interboro do pfd Intr Callahan. In Harv 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 Lowe Theaters L & N Mex Pet Miami Mid .states Oil Midvale Steel. M K & T do pfd Mont Power... Mont Ward. . . Mo Pac ...... do pfd M St P &SSM. M At St L Nat Enamel.. Nat Lead .... 3O0 100 400 55 65 11 M 54 55 11 53 11 92 33 100 2,200 T 37 3 11 100 6,500 100 100 200 700 800 500 4 73 11 45 144 544 "16' 3 4 71 - 11 45 14 52-4 "16" 2 4 71 ri 10 45 14 52 uo 10 V 26 40 7,400 51)0 2,000 OOO 4, SOU 26 Vi 50 .43 1"4 12-4 26 40 41 4 10-4 12 41 lVk 12 88 27 52 11 113 103 , 400 1.300 200 200 7,400 100 8,200 400 . 800 2S14 53 11 114 105 Vi 21 11 23 27 52 11 113 103 21 10 23 2 1 11 -23 o 44 1.700 4.400 200 400 200 e.ioo 300 21 41 68 4 12 46 75 10 20 40 67 12 46 67 10 2 40 Vj 12 43 70 V4 10 Nev Con Municipal and Provincial BONDS We offer for investment of your June and July funds a select list of foreign and domestic bonds yielding 6 to 8M Descriptive circulars upon request. WESTERN BOND , & MORTGAGE COMPANY Ground Floor, Board of Trade Buildlns Main 113. SO 4TU ST, PORTLAND, OR.. 100" S5 35 300 22 li 22 "Voo "iii "in 38 38 " - 1,000 31 H 30' .700 30 3o 100 32 32 1,000 27 5 27 " " 3.000 lit" 122 "4 "Voo "-4 "i 100 11 11 600 53 Vt 52 "s'o'6 'S3 33' " . 200 25 25 'i.Oo'6 "oiii "TO 14 200 ""I" "'(5 200 3714 37 1 "Voo '25 '25 hi 1.200 60 07 300 .'.. 1.300 50 4.-i 2,300 105 Is 105-4 t-,600 122 122 500 3.300 72 V4 71 "206 2:"lii "23" 1 (Wl : !( 800 38 37 200 Olt 14 00 2,100 85 84 V4 , 300 84 'sit" 3.400 22-4 21 H 21.000 70 '4 77 " 3,200 ' '3!4 -3i" 200 53 Yt 53 5.500 404 48 l.OOO 12-4 11 "Voo "iovi "ioii 4,100 5714 53 400 3d 35 "2.200 . ii3" 4.000 34-4 331, 6.V06 50 "40 "4 1,500 67 65', lew Haven... Nor & West. .. Nor Pac Nova Sco Steel N Y Air Brk.. N Y' Central. . Okla Prod ref. Ont & West... Otis Steele.... Pac G & E Pacific Oil ., Pan Am Pet.. do B Penna Peo Gas Pere Marq.... Phlla Co Pure Oil Pierce Arrow. Pierce Oil . ... Pitts Coal Pitts & W Va. do pfd ..... Pr Steel Car.. Pullman Ray Con Reading Remington ... Replo Steel . .. Rep I & S do pfd Rep Motors. . . Ryl Dutch Oil. Ry Steel Spg.. 18 I amon .Motors. Sears Roebuck Shattuck Aria. Sinclair Stand Oil Cal. Sloss Shef . . . So Railway... do Did St J-. & S F Strom Caro... Studebaker ... Swift & Co. . .. Tenn C & C. .. Texas Oil .... Texas Pac . . . Tex Pac C & O Tob Products. Tr Contl oil . . Union Oil Del. L nlon Pac . . . United Alloy. . Lnitea urug. . Untd Fd Prod. I'nirad Fruit.. Int Rtl Stores S Ind Al... U S Rubber. .. do 1st Dfd. .. TJ S Smelting U S Steel do pfd Utah Cop .... Va Chem do pld Van Steel . V Ivandou .... Wabash do A pfd... do B pfd. . . Wells Fargo. .. West Pac . do pfd West Union... Westh A B. . . Westh E & M. West Md White Motors. Willys-Ovid ao nrd Wis Central... Woolworth . .4 Worth Pump.. w oe l e U S 2s reg 100, N Y C C deb 6s.. 92. 77 do coupon ...ioi;n P 4; U S 4s reg. . . .104 V IN P 3s . . OU14 do coupon ...104 Pac TAT 5s...83 Pan 3s reg 75'Pa con 4s. 85 do coupon ... l.-i4 s P cv 5s.... ..89 . . 85 . . 82 . .. 84 AT&T cv 6S.IOOVI S0 Ry 5s ... Atc!t gen 4s....78;u P 4s D & R G con 4s 64, U S Steel 5s. Bid. Liberty Dond Quotations. Range of liberty bond quotations fur nished by the Overbeck & Cooke company ot foniana. 1,800 18 18 18 I 800 86 96 98 " 8.200 76 74 Z5H 53 4.500 72 71 71 100 2 2 1 300 18 18 17 600 10 10 - IP loo 55 55 55 4.0O0 30 36 36 iO0 40 40 48 500 4H 43 43 6.3'K) 37 36 36 800 54 53 53 500 211- 21 20VI 800 30 20 29 25 17.600 17 . 15 15 2O0 7 7 7 10O 54 54 54 3.2O0 2S 27 27 20 75 8.5O0 5S 56 5,000 0 5 92 U 94 600 12 12 1214 8,500. 70 6S 60 U 19 600 '46 i(i 46, ...... ..... ..... 83 "Voo i2 "ii 12 1,600 52 52 51 4.J00 76 67 72 3 1.800 66 . 65 66 100 6 6 6 ,4,100 20 20 20 74 100 34 34 33 13.400 70- 78 78 l.OOO 21 20 20 8O0 47 45 46 3.7O0 25 24 24V- 200 31 30 30 21,500 78 76 70 97 97 97 7 5,100 34 34 34 12,000 25 24 24 100 19 19 19 1.800 50 57 57 1,100 7 7 7 100 19 IB 19 3.500 121 119 120 io.VoO ' 62 " " 55 " 6U 300 17 17 17 8.000 104 101 104 4,500 56 53 54 3.4O0 51 4? 50 7. 300 54 53 53 94 30 15,500 74 73 73 ,-200 109 109. 100 1.2(H) 40 48 48 2,200 25 24 24 500 73 68 t07 100 2S 28 2S 500 6 6 0 1.6O0 7 7 - 7 2.200 22 22 22 14 55 700 24 03 000 84 83 S3 87 2,100 43 42 42 9 31 2,S0 6 6 6y. 700 20 28 28 27 112 40 200 - 8 8 8 Closing High. Low. Bid. Liberty 3s 8782 87.2S 87.50 (to 1st 4s 87.62 - do 2d 4s 87.46 do 1st 4s 87.88 87.60 87.72 do 2d 4s 87.64 87.46 87.60 do. Id 4 s 92.00 91.52 91.92 do 4th 4s 87.78 87.50 87.70 Victory 4s 8S.00 08.48 08.00 Victory 3 s 98.6D Mining Storks at Boston. BOSTON. July 28. Closing quotations: Allouez 18 North Butte... 9 Ariz Com 7IO!d Dom 22 alu Ariz 47 Osceola 26 Call! & Hccla..220 Jouincy 37 Centennial .... 8 Superior 3 Cop Range .... 81Su & Boston... 1 East Butte .1.. 8 IShanr.on 85 Franklin lUtah Con : 45 Isle Royalle ... 19 Wolverine ...... 10 Lake Copper.., 3IGranby Con .... 17 Mohawk 48 Greene Can . 20 Swift A Co. Stocks. Closing prices for Swift & Co. stocks at Chicago were reported by the Overbeck & Cooke company at Portland as follows: Swift & Co 96 Ltbby, McNeil & Llbby 8 National Leather .. 8 Swift International 23 Money, Silver, Etc . NEW YORK, July 28. Prime mercantile paper. 6(iiv6Utc. Exchange steady. Ster ling, demand $3.57, cables $3.57; francs. demand-7.67, cables 7.68; Belgian francs, demand 7.45, cables 7.46: guilders, demand 30.85, cables 30.91; lire, demand 4.11, cables 4.12: marks, demand 1.23, cables 1.24: Greece, demand 5.45: Sweden, demand 0.50; Norway, demand 12.80; Argentine. demand 29.50; Brazilian, demand 11.12; Montreal, 10 15-16 per cent discount. Time loans. Bteady; 60 days. 90 days and six montns, 6 per cent. call money, easier; high, ruling rate, 4 per cent: low," offered at and last loan. 3 per cent; closing bid, 3 per cent. war silver, domestic, wo Vic: . foreign. 62c. Mexican dolors, 47c. LONDON. July 28. Bar silver. 30 d per ounce. Money. 3 per cent. Discount rates, short bills, 4 per cent. ' , Foreign Bonds. Foreign bond quotations furnished by the overbeck ac Cooke company of Portland Bid. Ask. Russian 5s: 1921 11 13 Russian 5s. 1928 2 4 Russian 6s. 1919 12 15 French 5s, 1931 60 61 r-rencn 4s. 1017 47 48 Choice Securities If bought now -will net an unusual yield tor years to come and show a handsome advance In price with the return of normal conditions. HERRIN & RHODES, lac. Kntnhltsbrd 1S1HI. STOCKS AD BONDS. 201 Railway Exrlisnge Bids., l'ortlaml, Oresron, Main 2M3-2S4. Take advantage of the present premium of the American dollar in foreign markets by buying- - United States of Brazil Bonds 4s of 1889 1S5 per MOO 4S Of 1511 185 per 100 5s Of 1895 230 per 10O V 5s of 1903 " per ClOO 5s of 1913 2S3.50 per 100 (Interest on the above At the present price of the English Pound Sterling; you may obtain an annual income on your investment of approximately 8, which will increase to 10.80 at par rate of exchange Besides this attractive annual income, your principal will increase from 60 to 163, depend ing upon the price of exchange at maturity date. Phone, call or write for details. x E I neve rea ux &(5 m p a ny INVESTMENT BONOS 8T 6IXTH STREET PORTLAND. OREGON, BROADWAY 1043 ' GROUND FLOOR WELLS-FARGO BUILDING 6i 81 872 861 858 277 255 69 72 10 11 12 12 13 13 12 14 12 70 85 85 100 1O0 98 88 97 British 5s. 1922 367 British 5a. 1927 Sol British 5s. 1929 843 British vky 4s ....267 British ref 4s 24S Belgium rst 5s. . . . . nr. . . . . . 66 1 Belgium prem 5s 60 German W. L. 5s 9 Berlin 4s 10 Hamburg 4s 11 rlamburg 4s ............... 11 Leipsig 4s 11 !.eipsig 5s ................... 12 Munich 4s 11 Munich 5s IS 12 Frankfort 4s ...... Jap 4s Jap 1st 4s 60 84 84 9 99 98 Jap 2d 4V4S Paris sixes ........ U K 5s, 1921 U K 5s, 1022 . K 5s. 1920 . . . 88 U K 5s, 1037 97 Foreign Exchange. Foreign exchange rates at close of busi-' r.ess 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 ... ...... . Eelgium. francs Fulgaria. leva Czecho-Slovakia. kronen . Denmark, kroner England, pound sterling . Finland, finmark ........ France, francs Germany, marks Greece, drachmas ....... iiolland. guilders ....... Rate. . .$ .001s . . .0765 . . .0100 .. .0133 . . .1523 . . 3.50O0 . . .0tll3 .. .07 .. .oi:;o . . .0505 . . .3085 Hungary, kronen .003 Italy, lire O410 Jugo-Slavia, kronen .0068 .1295 .1265 .0135 .0235 Norway, kroner Portugal, escudos Roumania, lei Serbia, dinara 'pain. pesetas Sweden, kroner Switzerland, francs ........ China Hongkong, local currency Shanghai, taels Japan, yen .1295 .2065 .1650 .5065 .7000 .48 SAX FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, ' Etc., at Bay City. SAN FRANCISCO. July 28. Vegetables Potatoes, old, nominal new. Garnets, il. 25 'o l. 50; white. $1.501. 75; onions, new, red. 75&J85c; green, $1.501.70; tomatoes. San Pedro, small lug-, $2&3. oO; crates, $2t& 2.v4; .Merced, large 28-lb. box, $2.25(2.50 small, $1.251.75; peppers, bell. 10920c: chile, lut&20c; peas. tHc: beans. K.en tucky Wonder, 810c; garden, lOtfillc' Italian, 1213c; lima, 1012c; wax, 4Sc; carrots, $1.2otfl.o0 sack; eggplant, south ern, $2.003 30-pound box. 7&(0c In crates and boxes: corn, Alameda, $3(94 rhubarb. $l1.2o box: celery, crate, white. $5: yellow, $6.50; artichokes, $4 6lu- lug: iettuce, 42.25 crate; squash, Italian, 13 4 14c. Poultry young chickens, ;ic; staggy roosters, 202oc; old, law lac; hens, 17 45c: ducks. 20c; geese, 25c; turkeys, live. 35c: dressed. 45o0c; Belgian hares, live. l-314c; dressed, lS20c; squabs, fancy. 35c: pigeons, $2 dozen. Fruit Oranges, Valencia, $8. 50 4. 75 ;lem- or.s, $3.50ir8.t)u; lemonettes, 4(0o; grape fruit, $34.25: apples, 75c2.75; strawber ries, 50((j-60c drawer; $1 its 1.00 crate; black berries, 30 4 34c drawer. 8090o crate loganberries, nominal, $1 tig) 1.23 orate raspberries. 65&S5c drawer. $1.75 crate; bananas, 69c pound; avocadoea, $3(98 dozen: cherries, $1.501.7o; apricots. 1 6s pound; peaches, 25c basket. $4 a lug; cantaloupes, Turlock standards, $1,509 2.25: ponies, 1.25 1.75; flats, 73085c figs. 75c($l single layer, $2,252.75 double; plums. $11.54 crate; honeydew melons, $1.501.65 crate; casabas, 22o pound: watermelons, 22c; grapes, $ 2.25: pears. $12.50; prunes, $1.50 crato. Wheat hay, $13018; tame oat, 1215; wild oat, $10312: barley, $10O12; alfal. i96'14: stock, 6310. Receipts Flour. 60 quarters; barley. 4910 centals; oats, 400 centals; beans, 3231 sacks: corn. 75 centals; rye, cen tals; potatoes, 527 sacks; onions, 229 sacks; hay, 438 tons; lemons and oranges. 1200 boxes livestock, 176 head; hides. 656. Coffee Futures dose Higher. NEW YORK, July 28. The market for offee futures was under moderate selling T6lJAY ponnd sterling: is worth 3.60. Normally it is worth 4.86. For this reason, we and our associates were enabled to purchase, and now offer 4 and 5 External Sterling Bonds Republic of at prices which will, upon equalization of exchange rates, give investors pos sible profits ranging from 56 to 116 of the principal invested. And in addition yields from 8 to 10.78 100 500 1000 Dens. The situation offers a remarkable opportu nity for large profits. Call on, or write us, and we will explain matters fully. ILU1VIJBE3EMEINS Broadway and Oak Issues payable semf-annnally French 5s. 1920 68 Portland Gas & Coke Company Bonds This new issue, purchasable in $1000 denomination, enables you to place your money at a gratifying rate on a local public service security that combines the advantages of wide demand and a large margin of safety." XHESE securities are known as First Lien and General Mortgage Gold -. Bonds Series of "7s Due 1940." They are dated January 1, 1921, and due January I, 1940. The Company agrees to pay interest with out deduction for any Normal Federal Income Tax up to 2 which i may law fully pay at the source. The business of this Company has been established for over sixty years. N The Company does the entire gas business in Portland, in Oregon City, Oregon, and in fifteen other communities in the vicinity of Portland. Blyth, Witter. & Co. UNITED STATES GCNEJOTIEFT MUNICIPAL ATfD CORPORMIOK BOKDS 402 Yeon Building Telephone Main S1H3 Fifth and Alder Streets Portland pressure today because of depression In the Brazilian market, according to early of ficiak cables. It opened at a decline of three To fWa points but gradually im proved on a little covering until Septem ber sold, at 6.45c and December at 6.90c or one point .above the previous close. Renewed selling pressure at this level weakened prices again In the afternoon and they were finally one to two points net lower.' About the only feature to the trade was scattered buying of contracts against sales of spots, but even this was t surririr-rtt to angorn tne local oiTfr- A High-Grade Local Investment Ve own and offer the unsold portion of $50,000 PORTLAND GAS & COKE CO. 7 GOLD BONDS Dated January 1, 1921 Due January 1, 1940 Coupon bonds in denominations of $1000 each Price 95 and Interest Yielding 7y2 Per Cent These bonds secured by a first lien and general mortgage on all the properties of the company, offer an unusually secure investment oppor tunity. The Portland Gas & Coke Com pany has a history of over sixty years successful operation. We recommend these bonds for investment. Complete details on request. P Uii 'lWh I 11 C rllglSn I Safe Municipal Oldest in the Northwest WASHINGTON AT THIRD Did You See This? Oregonian, July 28.- We have a fine list of bonds that will interest you, including a few odd lots of long term issues French 7V&s, Van Camp 8s, Du Pont 7s, Pullman, Wash., 7s, etc. Money is coming down. Bonds are moving up. Get busy or get left. Present prices are fast becoming , a thing of the past. Call or phone for list. 9 Freeman, HTM" SAN FRANCISCO ' ' $5,000,000 Cleveland Electric Illuminating Co. 20 Year 7 Sinking Fund Gold Bonds Dated August 1. 1921. Due August 1, 1941 - Not Callable Up to 10 Years Company, which has a very high rating, supplies light and power to the city of Cleveland, serving a population of over -1,200.000 people. Dividends on -common stock have been paid at rate of 8 for past 17 years. - Price 95 and Interest to Net About ROBERTS ON & Suite 207-Tortwestee BankBldg The net earnings of this Company for the year ended June 30, 1921, are in excess of 2Vi times the annual in terestv charges on total funded debt, including this issue. We recommend these bonds for investment. Price 95 and interest to yield about 7.50 per cent. Let us give you literatureand information - concerning this issue or other 60und in vestments. You will be under no obliga tion whatsoever, our advice and service are freely at your disposal. Call, at our office or telephone or write for information regarding investments. Ings. Closing bids: September, 6.42c; De cember, 6.87c; March, 7.1i3e; May, 7.43c Spot coffee, firm; Rio 7s, 8; Santos 4s, 9 10. Seattle Grain Market. 'SEATTLE, Wash., July 28. ;Wb.eat Hard white, $1.15; soft white, $1.14; white club, $1.13; hard winter, soft red winter and northern spring, $1.12; eastern red Walla. $1.11; Big Bend bluestem. $1.18. FeW city delivery Corn, whole yellow (120 pounds), $39; cracked corn (100 pounds. $41; corn f4 mnl (100 ponnds), i "YS IJM I m rangred to buy a bond on it Y e - Sjt the installment plan, ex- If ft M ttr plaining that he was Vj s) IL1 U building up a fund to help 3 J III Br pay his way through col- A Ly pi lege, four years from now. til J-!Sv fj T H It's a safe bet that that 3" ' iiySsY III ftr boy will succeed in life. 4 ar-lflfP S 1 Ai-k about our partial pay- 1 MC'$?KJ1j' B ment plan which enables S ifeSPSKjlII Ui you to make 6 TO TV4 7o on 3 Llta inv , turn una ararn oirecia "mwm fij BONDS jtj3 writ wgAMiVinVrwyYi 'iir"Tfgara A Yield of , Call Money Opens at 5 Per "Cent .and Goes to 4'i Per Cent in Final Hour. NEW YORK, July 27. Call money easier, high and ruling rate, 5; low, offered at and last loan, 4V4; closing bid, 4. LONDON", July 27. Bar silver. J9d per ounce, money 34 per cent. Discount rates, short bills, 4 94 per cent. . Smith & Camp Co. round noon LUMBERMENS BUILDINO FIFTH AND STARK WAT 1740 Other Otn SEATTLE SAN FRANCISCO LOS ANGELES KEW YORK 41; barley, whole feed (100 pounds), $32; rolled barley go pounds). S3; rround barley 100 pounds), SS4; clipped barley (100 pounds), 139; oats, whole feed (lOO pounds). 40; rolled oats T0 ponds), 42; ground oats C80 pounds'), $42; sprout inK oats (100 pounds), $45; wheat, re cleaned feed (125 pounds), 149; all grain chop (80 pounds). X38; chick feed (100 pounds, SR. on an Oregon Central Obligation Bond Income Tax Exempt Port of Newport Lincoln County, Or. 6fo Bonds Dated Due July 1, 19?1 'Jan. 1, 1923 Denom. $1000 Assessed value $4,504,526 Estimated real value 9,000,000 Total net bonded debt 402,000 Population 4000 Price 98.60 Ralph Schneeloch.Co. MUN1CD3M. AND CORPORATION rDMKCS LUMBE3MENS HUlLOiNg Portland. Qrsocm, . WHAT'S IN A NAME? Maintenance of a high standard of quality in a product used by the public over a long period of time eventually impressed the name of the article on the retina of the public, eye in a way that makes the name symbolic of per fection. For example: The words V i c t r o 1 a and Phonograph are synonymous; and the name of Warrenite-BituIiUiic always oc curs to one's mind in connection with the highest type of pave ment on account of its resilient character and its extraordinary durability under all conditions. mm Wmi 0 I He'll Be a I I O I m 1 ouccess j rS I Testerday a boy of fifteen 3 1 1 g came into our office. 4 f I If Dressed in working clothes, i J 1 he looked like an ordinary Ji IK ri youngster of that age. $ III m -Rut , woo r,' TTa J III I I jjj & CO., INC. Jj Hi ' I 7 r