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