Morning Oregonian. (Portland, Or.) 1861-1937, August 25, 1921, Image 21

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Morning Oregonian., August 25, 1921, Page 21, Image 21

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Newspaper Page Text1 TIIE MORNING OREGONIAN, TIIXJRSDAT, AUGUST 25, 1921 LOCAL WHEAT BIDS ' AVERAGE HIGHER Mare Confidence Is Shown in Future of Market. FREIGHT RATES EASIER Farmers In Northwest Are Not Pressing Grain for Sale Re ceipts Continue Heavy. Is produced this year. In the event ot mis handling the hops aa they did last season I will nAKaKtw h Y a. Mm rl' nrMI ' tinna - far th ltnrlRh hnwert are concerned. The domestic trade never did materially influence the hop market. We always had to depend on forelffn demand. Without the assistance ot the British, mer chants we will soon go out of business." CURE BCTTEB FBICE SIX)WLT BISIXG Ettj Continue Firm, With Better Demand for Fresh Stock. Good cube butter was scarce on the street and firm. Sellers asked 41 41 He for extras. Prints moved well at un changed prices. The tgg market was firm, with a good demand. Sales at 80c case count were reported. In the poultry market the demand was strongest for springs at 26 27c. There were plenty of light hens on hand, but heavy hens were wanted and easily brought 26c. Country dressed veal was in fair 'supply. but the market held steady at 16c. with an occasional sale a half cent higher. Pork dragged at 15c FOREIGN EXCHANGE GAINS STERLIXG ADVANCES CHTLEE CEXTS AT XEW YORK. Swift ft Co. Tenn C A C. Texas Oil . . Wheat business In the country yesterday was of moderate proportions. The de mand appeared gooa. but there was no pressure to sell on the part of farmers. The tone of the market on the whole was better than a few days ago. The weaker feeling In the freight market was one of the factors. Wheat bids at the Merchants' Exchange were from 1 to 2 cents for August delivery. September wheat ranged from unchanged to 2 cents higher and October from 1 cent lower to 2 cents higher. In the coarse grain market, oats were unchanged. August and September brewing barley advanced 1 and September and October corn SO cents on bid. There was a fair demand In the flour market for old crop flour, but no business has been reported yet In new flour. Open ing prices may not be made for a week or two yet. The government's weekly weather re port said: "Weather favorable and corn maturing satisfactorily. Some fields safe from frost In South Dakota and crop generally will be aafe In two weeks." I Count wired from Kansas City, Mo.: "From Topeka hare, down the Kaw valley, corn is a fine crop, but some down badly as a result of the recent storm. Crop is made and all we need now Is hot weather to dry out." While the severe drouth "In Franca has had a very noticeable effect on the crops, the wheat crop, which has been reaped and Is now being threshed, was only slightly burned in certain localities. Ac cording to advices received by the Bank ers' Trust company of New York from Its French information service, this crop is expected to yield 80,000,000 quintaux (a French quintal equals one hundredweight). The production per acre thia year Is much higher than the average and the grain Itself being of exceptionally good quality is expected to yleld 4 to o pounds more flour per acre than last year. Terminal receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay roniana, w ea. zat Year ago 56 Season to date. 5055 Year ago 2141 Tacoma. Tues.. 58 Year ago 3 Season to date. 1357 Year ago 413 Seattle, Tues.. 21 Year ago S2 Season to date. 766 Year ago 227 GKAHV THRESHING WELL ADVANCED DUREEL GEMS ABE GOOD SELLERS California Cantaloupes Hove Slowly at Lower Prices. Two cars of Yakima cantaloupes were received and they sold well at t22.25 a crate. Two cars also arrived from Cali- fcrnla. The top price on California canta. loupes was $1.75. Peaches ware In light supply, and firm. good stock from The Dalles bringing $1.23 150 and California peaches selling at $1.50 1.65. Elbertas from the Yakima section will be available the first of next week- Other receipts yesterday were two cars of melons and one car each of mixed grapes, lemons, bananas and Walla Walla onions. 113 5 2 ... 1 60 3.11 127 200 17 123 SO 180 ..111 ..5 1 ... 36 182 1!) 6!) 12 loO 11 109 2 4 5 5 2 2 20 279 36 232 51 58 1 815 Bank Clearings. Bank clearings of northwestern cities yesterday were as follows: Clearings. Balances. Portland $4,503,173 J858.245 Seattle 4.183.604 707, ls Tacoma 375.868 ' 58,700 Spokane 1,543,063 719,733 PORTLAND MARKET QUOTATIONS Grain, Flonr, Feed. Etc. Merchants' Exchangs, noon session: -Bid- Sent. Oct. t 1.10 S 1.09 l.Utf l.ua Stock Market Is Weak, Particu larly for Obscure Issues. Money Rates Steady. NEW YORK. Anr 24. Reactionary ten dencies were uppermost in the stock mar ket today arter an early perioa ox urm ness among leaders of the oil, motor and kindred groups. Some 34) odd issues, com prising for the most pari dormant stocks, registered additional severe recessions. with resultant low records for a year or more. The nature of the selling left little ooudi In the minds of observers that further drastic liquidation was under way. Shorts were encouraged In tneir operations wj more dividend omissions and signs that price cutting in the steel trade had reached an acute stage. Mexican .Petroleum reacted in me iai hour from a two-point rise to a net de cline of almost three points and related Issues were affected In proportionate de gree. Coppers and other base metals were under constant pressure wiia me tuwpBi motors snd their accessories. Independent steels, shippings, chemicals and secondary equipments reflected only occasional support and rails finally yielded one to two points. "Soo," a Canadian Pa cific subsidiary, declining seven points on A transfer of 100 shares. Sales amounted to (iOO.OOO shares. Money conditions remained on an even keel, call loans on the exchange ruling at 5M: per cent, while a 5 per cent rate ob tained outside. Foreign exchanges ran counter to the stock market, sterling gaining almost 3 cents from yesterday's low, with strength in French, German, Dutch and Scandinav ian bills. Cuba cane bonds recovered part of yes terday's severe decline, but other foreign issues were Irregular. Domestic bonds, notably rails, also lacked definite trend and liberties gave way to fresh pressure. Total sales, par value, $8. 275.000 CLOSING STOCK QUOTATIONS. (Furnished by OverfTeck & Cooke com nan v. Portland. 1 Sales. High. ' Low. Adams Exp... 200 Advance Rum. Agr Chem .... 200 34 80 do pfd ..... ..... AJax Rubber.. SOO 18 18H Alaska Gold Alaska Juneau 200 1H 1 Allied Chem.. 400 35 35 Allis-Chal ... 8U0 UV Tex P C & O. Tob Prod .... Tr Contl Oil.. Union Oil DeL Union Pac . .. United Alloy.. United Drug.. b"ntd Fd Prod United Fruit.. Untd Rds N J Utd Rtl Stores U S lnd AL U'S Rubber.. do 1st prd. U S Smelting. U S Steel do pfd ..... Utah Cop :.. Va Chem .... do pfd - ... . Van Steel Vivandou .... Wabash do A pfd. .. do B pfd... Wells Fargo.. West Pac West Union... Westh A B. . . Westh E & M. West Md White Motors. Willys-Ovid .. do pfd Wilson Pack.. Woolworth Worth Pump. W & L K. . .. ...... .... ..... 95)4 1,200 7 7 7 1,000 84H .S3H 83 V4 2.6O0 22 21 21i 1,1100 16 16 1.600 66 6ohi 85 ? 2, SOO es 64 2,600 16 15H 15Vi 1,1)1)0 119 ) 117 118 300 23 23 23 4,200 54 Vi ' 50 4 51 V, 700 15Vj 15 15 6O0 102 102 V 102 Vi 200 6 . 6 6 4.500 49 48 48 H 1,0(10 45 44 V 44 10.2O0 44 42 4S SOO 84 83 83 1O0 20 27 27 22,000 73 72 72 200 109 10,100 43 41 42 2.200 23 21 22 100 64 62 62 Vi 1,700 26 25 25 800 6 6 6 800 7 7 - 7 1,900 20 19 19 200 13 13 13 . 56 100 21 ' 20 20 81 83 2,500 40 39 89 300 9 9 9 200 82 82 82 1,700 6 6 6 100 26 25 25 31 100 106 106 105 700 84 31 30 900 8 8 . 7 BONDS. SHEEP ACTIVE AT YARDS MARKET GOOD IS m STEADY WITH IOCAIi DEMAND. Weaker Undertone Xoted in Hog Division Trade in Cattle Continues' Slow. Rail receipts at the stockyards were again confined to eheep. This division of the market was active and prices were steady with a good demand. Hogs also ap peared steady and drive-ins aaln sold at 111. 2a, but a weak undertone to the mar ket was reported. Cattla war nominally steady. Receipts were 1057 sheep. The day's sales were aa follows: Wt. Price. I Wt Price. 1 steer.. 930 $ 5.00; 66 lambs. 68 6.50 i steer, .azou u.tfo; 10 lambs. 96 2 cows.. 955 4.b-12 lambs. 91 U S 2s reg 100N Y C deb 6s do coupon ..'100 :N P 4s TJ S 4s reg. .. .104.N P Ss , do coupon .."104;Pao T & T 5s., Pan 3s reg "75 Pa con 4s... do couDon... 75 Is P cv 5s...... AT&T cv 6s. 1)0 So Ry 5s . . 84 Atch.uen 4s 77 lU P 4s 81 D & R U con 4s 65 U S Steel 5s.... 94 92 76 56 85 86 ...! 1 ewe . . , 3 yearl.. 3 hogs. . 7 hogs. . 7 hogs. , 1 calf... 1 ca.lt... O.00114 lamba. 120 3.2.j!o0 lambs. 77 9.U0I66 lambs. 2.50 3.00 4.00 5.00 3.50 8.50 8. Ho 100 110 206 145 1U7 130 140 Mining Stocks at Boston. BOSTON. Auk. 24. Closing Quotations: Alloues 17 INorth Butte ... 8 Ariz Com 1 Old Dora 21 Calu & Arls... 44 lOsceola 22 Calu A Hecla. .220 Ouincy 83 Centennial . 7ISuperior 2 Cop Range ... 80 Isup A Boston.. 1 taac isutte ... ,7" Snannon u Franklin 1 Utah Con 3 isle Koyaue . . 17 Winona 4u Lake Copper... 2 70 81 24 Second and Third Crops of Alfalfa Are Being Cut. Moderate temperatures prevailed during the week wltfl some cloudiness and a few local showers, says the weekly Oregon crop bullettn of the weather bureau. The heavy showers, which occurred" In parts of Grant county at the close of the preceding week, cauaed considerable local damage. In some places these showers were accom panied by hall. Practically all small grain Is mature. Harvest continues, but is nearing comple tion except In the more elevated districts. Threshing Is generally well advanced. Corn has been helped by showers, but Is s.till In need of more rain in most unlrrigated dis tricts. Irrigated corn la doing well. Picking of peaches and Bartlett pears continued. Some peaches and pears have been blown from the trees. Apples and late pears are sizing well. Evergreen blackberries are becoming plentiful. Haying continues. The second crop of alfalfa is being cut In the more elevated districts, while in the milder sections the third cutting Is in the stack and the fourth crop is making good growth. Unlrrigated meadows have been somewhat helped by showers, but are mostly dry. Domestic pastures, where not Irrigated, and the low er ranges are . dry, but irrigated pastures and the higher ranges are good. Stock Is generally In good condition. Large quantities of potatoes are being shipped from Malheur county. Most po tatoes are mature, but some very late plantings are still growing, and have been helped by showers. Vegetables are suffer ing from cutworms in northwestern coun ties. Unlrrigated gardens need rain. Mel ons and tomatoes are plentiful. Hops are doing fairly well, and are approaching maturity. Wheat Aug. Hard white $ 1.11 Soft whit 1.10 White club 1.0 1.08 1.08 Hard winter 1.08 I.O8 1.08 Northern spring .... 1.09 1.09 1.08 Red Walla 1.06 1.06 1.05 Oats No. 2 white feed.... 23.00 24.00 24.00 No. 2 gray ; 23.00 23.00 23.00 Barley Brewing 28.00 23.00 22.00 Standard feed 21.00 ' 21.00 21.00 Corn No. 2 E. Y. shlpm't.. 28.50 28.50 28.00 FLOUR Family patent. $7.80 per bar rel: whole wheat. $6.20; graham, $6.00: bakers' . hard wheat, $7.25: bakers' blue stem patents. $6.75; valley bakers, $6.00; timothy. $18 18.50. MILLFEED Price f. o. b. mill; Mill run, $25 per ton; rolled barley, $84 436; rolled cats, '$36; scratch feed, $47 per ton. CORN Whole, $38; cracked, $39 per ton. HAY Buying price f. o. b. Portland: Alfalfa, $15 per ton: cheat, $1212.50; oat and vetch, $13313.50; clover, $10; valley timothy, $15 0' 15.50; eastern Oregon, timothy, $186)18.50. Dairy snd Country Produce. BUTTER Cubes, extras, 4141c lb.;' prints, parchment wrapped, box lots, 46c; cartons. 47c. Butterfat. buying pricea: No. 1 grade, 45c, delivered Portland. EGUS Case count. 30c; candled ranch, 32 3 34c; selects. 35 (g 36c. CHEESE Tillamook triplets, price to Jobbers, f. o. b. Tillamook, 24c; Young Americas, 25c pound. POULTRY Hens. 1720c lb.; springs. 26)$ 27c; ducks, 22 26c; geese, nominal; turkeys, nominal. 700 120 120 16 4 "45 53 25 17 2,100 83 83 PORK ;Fancy. 15c pes pound VEAL Fancy, 1616c per per pound. Fruits and Vegetables. FRUITS t Valencia oranges, $5.007.00 per box; lemons, $7.00)7.75; grapefruit. -5. 5006.00 box; bananas, 89c pound: apples, $1.752.50 box; cantaloupes, 75c $2.25 crate; peaches, $1)1.05 box; wa termelons, lft)2c pound: plums. 57c pound; pears. $1,75 0X2.5 box: blackber ries. $1.25 1.7 per crate; grapes, $23 per crate; caaabas, 3c per pound. POTATOE3 New. lQ2c pound. Sweet potatoes, 7c pound. ONIONS Yellow. $2.503.00 per sack. VBGBTABI.ES Cabbage, 4&4c lb.; lettuce, $2,7543.25 crate; carrots, $2.50 per sack; garlic, 1520o per pound; beets, 12.25&2.75 per box; cucumbers. 75c&i $1 per box; beans, oj7o per pound; green corn. 85645c per dozen. Celery. 85c$1.25 dozen. Eggplant, 8 (11 loc pound: tomatoes. 70 Hoc box. 81 65 18 5U "S9 103 118 60 64 7 32 83 80 WITHDRAWALS OF BCTTEB CONTINUE Storage Holding Beduced Nearly 28,000 Pounds In Past Week. During the past week 27.047 pounds of butter were withdrawn from Portland stor ages. Present holdings of 377.351 pounds represent a shortage of 433,485 pounds aa compared with stocks a year ago. Local egg holdings were reduced 700 cases dur ing the week. Storage holdlnga of dairy and poultry products at Portland compare with last sok and last year as follows: This Wk. Last wk. Last yr. Butter, pounds. . .877.851 405.298 81" S38 Cheese, pounds. . .189,777 166.194 127 6.S5 Eggs, cases 50,211 50,911 42 0 "6 Poultry, pounds.. 74.758 32.479 161 810 loiai storage holdings in the United States on August 1 of this and last year are reported by the Bureau of Markets as follows: Aug. 1, '21. Aug. 1. '20. Creamery butter 82.707,000 101.455 000 Pack's- stock butter. 2.721. OO0 2 970 000 American cheese 40,642.000 51 512 000 Swiss cheese 2.820.000 3 05.1000 Brick and munster. . 1..1.H.Y000 2 005 000 I.iniburger 8S7.000 1.007 oofl Cott g, pot & bakers. 8.464.0O0 5 705 000 Cream A Neufchatel. .292.000 220 000 . . 5,410.000 6.315.000 . . 7.613.000 6.872.000 ..28.126.000 20.055.000 . . 3.015.000 2,6111. 0O0 . . S.502.000 2.604. 0O0 . . 3.U7.0HO 5.23(1.000 . . 3.820.000 1.7X0.000 . . 7,646.000 10.031.000 Staple Groceries. Lecal jobbing quotations: SUGAR (sack baBis) Cane, granulated. 7.20c pound; beet, 7c pound. NUTS Walnuts, 2025c pound; Brazil nuts, 18&K0c; filberts, 15(pl7c; almonds, 24 6 30c: peanuts, 8&llc pound. RICE Blue Rose, 6c per pound; Japan style, oc per pounu. BEANS Small white, 4.90c: pink, 8c; lima, c; rea. ivc per pound. COFFEE Roasted, bulk, in drums, 14 36 c per pound. SALT Granulated, berrel, $3.20Q4.0S; half ground, ton 60s, $17.25; 100s, $16.25; lump rock, $26.50 t HONEY Comb, new crop, $8 per case. DRIED FRUITS Dates, $4.25 per box; figs, $3.2506.25 per box; prunes, 712c per pound. Provisions. t HAMS All sizes. S739c: skinned. 84a 41c; picnic 20 21c; cottage roll, 25c. bacon rancy, liable: choice, 82 87c; standard, 2ou.-uc. LARD Pure, tierces, 160 pound; com pound, tierces, 12 c. DRY SALT Back, 22 25c; plates, lc Hides. Hops, Etc TALLOW No. 1, 4c; No. 2, 28c per pound. CASCARA BARK Five cents a pound. delivered Portland. HOPS 1920 crop. 1520c per pound: contracts, 30c per pound. HIDES Fresh cured, 4c per pound; calf, 11(120 per pound; ktp, 6c per pound. WOOL New clip, 1221c per pound. MOHAIR New clip, 16c per pound, de livered Portland. GRAIN BAGS Nine cents at country pointa. All other cheese. Case eggs Frozen eggs Broilers Roasters ...... .. Fowls .......... Turkeys Miscellaneous ... HOPS MUST BE PICKED CLEAN Future of Oregon Industry Depends On Cure of Crop. Hoy buyers are again calling the atten tion of hop growers and especially hop pickers to the necessity of clean picking of the crop this yer. On this subject. W. J.. Bishop of the firm of Bisnop Brothers said: "The picking of Pacific coast hops last year was the . worst that we have had for a generation. The quality of the hop was excollent and a good mny of them were almost unsalable because of the poor picking and handling. The future of Oregon hops depends on the quality that Are You Looking for a De pendable Produce Dealer? Vea4 Butter Pork Cheese Poultry KxKm Jlonry Any Product ' Get our prices. " Rl'BY CO. 1 Kremt St. Port In nd. Or. Sixteen Yeans' Reliability. Oils. LINSEED OIL Raw, In barrels, $1.02; 5-gallon cans, $1.17. Boiled, In barrels, 21 114: 5-eallon cans. $1.19. AU .,,V Lowe Theaters cans, $1.07. ! L. N WHITE LEAD 100-pound kegs. 12o i Mex Pet . . . . per pound. , , jnam COAL OIL Tank wagons and Iron bar- Mid States Oil rels, 17c; cases, SO 37c Midv Steel GASOLINE Tank wagons and Iron bar- ! M K & T rels. 26c: cases, bsc i do pfd Mont Power QUOTATIONS ON DAIRY PRODUCE do pfd ..... ...... 71 Am Beet Sug Am Bosch ... BOO 82 Am Can Co. .. 600 2a do pld Am Car St. F do Dfd . . . . Am Cot Oil. .. 100 16 Am Ilrug Syn. 4O0 4 Am iMde L. 10O do pld 7oO 46 Am Ice 200 53 Am lntl Corp. 4,100 26 Am Linseed .. 400 17 do pld Am Loco do ptd Am Saf Razor 300 4 Am Smelter... 4,900 33 do pfd 1.300 6 Am Steel Fdy. 6.000 20 Am Sug 2.UOO U0 do pld Am Sumatra.- 7.500 42 Am T & I..'. 100 105 Am Tob 500 118 do B . . Am Wool do pld . . . . Am W P pfd Am Zinc OOO 7 Anaconda .... 6,300 33 Assd Oil Atchison .... 2,300 83 do pfd 100 80 Atl Coast Line 100 Atl G & W 1 21 Bald Loco ... 10,000 72 do ptd Balto & Ohio. 8,900 35 34 do pld Beth Steel 8s. Beth Steel B. B R T Butte C & Z.. Butte A Sup.. Caddo Oil Cal Pack Cal Pet do pld ..... Can Pac Cen Leather.. Cerro de P . .. Cliand Motor. Chi & N W... Chi Gt West.. do pfd Chill Cop Chino C M St P do pld ..... Coco . Cola . . . C &. O Colo F 4c I... Colo Southern Colo G & K. .. Col Graph . .. Con baa ..... Con Cigars . .. do pld Contl Can ... Contl Candy.. Corn Prod . . . do pfd Cosden Oil C R 1 & P do A pfd do B pfd... 400 Crucible 18,500 do Dfd Cuba Cane ... 5.400 do pfd 1,600 Cub Am Sug.. 500 Del & Hudson 400 Dome Mines.. 100 D & R G 200 do pfd . 400 1 End! Johnson 2.6O0 57 Erie 2,500 12 do 1st pfd.. 2,400 18 do 2d Dfd . . . ..... Fam Players. 2.600 54 Flsk Tire 800 Gen Cigars Gen Electric 112 Gen Motors... 36,600 9 do 6s Gen Asphalt.. 13,600 43 Goodrich 800 29 Gran by Gt Nor Ore... 500 27 do pfd 5,400 "1 Greene Can... 200 20 Gulf S Steel Houston Oil.. 200 55 Hup Motor .. 900 10 111 Central Inspiration .. 700 lnt Agr Corp. 100 Interboro , lntr Callahan 300 lnt Harv 1.4O0 do pfd . . . .- Int Mer Mar. 1,200 do pfd 2.400 Int Nickel . .. 4.500 lnt Paper 4,100 do pfd . ... . Invln Oil 900 Island Oil ... 500 Jewel Tea 2DO K C Southern 3.31)0 do pfd 100 Kelly-SpgUd . 4.900 Kennecott . . . 2,300 Keystone Tire 2,800 Lack Steel . .. 600 Lee Tire Lehigh Valley Lerillard Bid. 88 12 SO 64 18 1 85 28 70 27 81 24 79 119 108 16 4 9 45 53 25 17 39 82 8,900 200 100 5,400 300 300 100 GOO 3O0 1.200 100 2.200 3,300 "5,900 1,400 40O 400 2,700 1,400 4.0U0 4,100 700 3.800 100 109, 900 12,200 500 300 4,300 2,400 500 8,400 102 3 8 47 10 3 "svi 60 31 71 112 23 24 42 U3 1 16 9 21 24 87 83 51 22 84 53 3 84 19 " 70 46 9 8 . 60 30 71 111 22 24 40 62 7 15 9 20 23 35 81 50 22 34 52 2 84 64 '22 29 73 61 49 ..... 17 12 33 '5 '23" 30 74 63 52 "7 18 13 'l6 i6 1 55 12 17 "52 8 iii u "46 28 "27 uu 20 "55" 10 30 29 4 ' 69 8 87 12 40 2 4 33 17 11 36 8 69 . 87 11 88 2 ' 22 49 32 16 10 85 30 64 20 59 88 40 105 118 111 65 96 21 7 32 97 88 80 84 19 71 95 84 60 96 46 9 8 10 60 3U 71 111 22 24 40 0- 7 15 9 20 23 30 3 50 22 33 Vi 52 2 84 6l 83 64 100 1 22 29' 73 01 50 78 7 17 12 98 16 1 66 12 17 12 54 8 53 112 9V4 61 40 28 14 27 U 20 30 55 10 93 29 6 8 3 8.0OI 6.0O 8.00 4.25 11.25 11.25 Bid. 1 25 lamba. 72 1 49 lambs. SO 1 00 lambs. 77 26 ewes. 145 4 ewes. 140 3 ewes.. 120 ll,2o 1 yearl.. 100 10.50:31 welh'rs 87 11.2531 weth'rs 92 9.25) 8 mixed. 140 8.851 5 5.25 3.00 4.00 11.25 11.25 11.25 11. U0 11.00 6.00 7.25 7.25 6.5U 7.23 2.50 2.50 1.50 4.50 3.25 Mohawk 43 1 Wolverine Liberty Bona Quotations. Ranee of libertv hnnrf auotatlnna fur. nished by the Overbeck & Cook company of Portland: JTIirh Tiw Liberty. 3a 88.20 88.00 Liberty. 1st 4s Liberty. 2d 4s Liberty. lt 4 87.82 82.72 Liberty. 2d 4s 87.68 87.62 Liberty. 3d 4s 91.80 91.72 Llzerty, 4th 4s... 87.84 87 78 Victory, 4s 98.74 98.68 Victory, 3) 98.74 88.70 - Fair .to good Closing prices for Swift & Co. stocks at I Cull lamba .. Chicago were reported by the Overbeck A Feeder lambs Cooke company of Portland aa follows: switt & co 90 u. Libby. McNeil & Libby 8 National Leather 7 Swift International 22 1 cow. .. 970 1 cow... 950 1 cow. .. 620 2 cows.. 925 1 cow. ..1250 1 cow.. .1250 1 cow.. .1130 2 cows.. 970 2 cows. .1095 16 calves 293 16 calves 847 1 bull... 410 6 mixed 451 5 mixed 620 7 hogs.. 164 2 hogs.. 200 17 hogs.. 138 15 bogs.. 20O o boas.. 15U 10 hOKB.. 2JO 22 hogs.. 252 The official quotations at the Portland Union stockyards were as follows: r-.ttl Cfhoice steers Medium to choice steers t air to medium steers Common to fair steers Fair to good feeders Choice feeders Choice cows and heifers..... Medium to good cows, heifers Fair to medium cows, heifers Common cows Canners ..; Bulla Choice dairy calves Prime light calves 7.lR)u. 10.00 Medium light calves 7.00:10.00 Heavy calves 5.5oi 7.00 nogs Prime light 10.75 11.25 Smooth heavy, 250 to 300 lbs. 8.759 9.75 Smooth Heavy. 8UO lbs. up.... 7.756J) 8.73 9L78 I Round heavy S.OOi 8.00 kt 74 aiaKi . v ..................... . I.UUU l.ou 98 72 I Fat pigs - 11.00 W 11.25 B8.72 I tneep Bast of mountain lambs 6.509 7.25 Prime valley lambs Q.OiKui 6.73 o.uom .oo l.obti) 3.00 1.54j) 3.00 3.50 (81 4.00 2.50IU) 3.00 2.50C(j) 3.00 2.oOM) 3.0O 10 .$ 6.00 6.54 5.50tf 6.00 . 5 Oou 5.00 . 4.00' 5.00 . 4 4.75 4.75 Co) 5.25 i.UVlw 5.73 4. Jin 5.O0 3.25U 4.25 2.000 3.25 1.75(u) 2.50 2.0O41 3.50 1U.U ttll.OO Closing I Bid. 87.94 87.64 87.50 87.74 87.6: Light yearlings .... Heavy yearlings .... Light wethers Heavy wetners ..... Ewes 1.00 a 3.00 Kansas City Livestock Market. KANSAS CITY. Aug. 24. lUnited States Bureau of Markets.) Cattle Receipts, 9500 head. Better grades beef steers steady; top. $9.75; best heavies, $9.50; best Money, Silver, Etc. NEW YORK. Aug. 24. Prime mercan tile paper, liutiU per cvnti Time loans steady; 60 days. 90 days and six months, 56 per cent (Jan money steady; high, low, ruling I yearlings, bid 110.10; 500 head -quarantine rate, offered at and last loan, 6; closing bid, 5 per cent. Bar sliver, domestic, 99c; foreign. 62 c. Mexican dollars, 47 o. LONDON, Aug. 24. Bar. silver, 38d steers, $4; practically nothing doing on other grades, bidding lower; calves steady to strong; odd vealers, $9; best load lots. $8&8.75; Blockers and feeders steady to 2DC lower; esriy sales stockers, $36 bulk, $4 5.50: plain to good feeders. $4.856.50: other classes steady: common per ounce; money, per cent; discount 1 to good cows. S3.50&5.10; few choice lots. rates, short bills, 4 11-16 per cent. I $5.50; heifers mostly $56 25: bulk bulls. $3.254; most canners, $1.7502. New York Bonds. 1 Hogs Receipts, 5500 hesd. Fairly ac- New York bond Quotations furnished hv I live on oetter grades. 10B -'jc higher: 175- Herrin & Rhodes, Inc.. of Portland: I Pond weights to packers, $9.05; 225 to Am Tel & Tel 6s. 1922.. Am Tel A Tel 6a. 1924.. Am Tob 7s. 1023 Anaconda 7s B, 1929 Armour cv 7s, 1930 ............. Armour 4s. 1939 Argentine GI uh. 1945 Am Ag Chm 7s, 1941 Beth Steel 7s. 1922 Beth S'.eel 7s. 1923 Beth Steel Eq 7s. 1935 Belgium Ext 7s. 1945 , Belgium lis. 3025 Belifium 8s, 1940 Bergen 8s. City of. 1945 Berne Ss. City of. 1945 Brazil Sa, 1U41 , Canadian 5s, 1920 Canadian 5s. 1931 , Can Nat Eq 7s. 1933 C M & St P gn & rf 4s A. 201' Chile Ss. 1941 Chrintianla 8s. City of 1945 Copper Exp 8s. 1922 Copper Exp 8s. 1023 Copper Exp Ss. 1924 Copper Exp 8s, 1925 Cuban American Sugar 8a, 1931.. Dia Match 7V.S, 1935 Denmark Ss. 1945 Danish Mun 8. 1945 Dupont 7s. 1931 French ext 8a. 1943 ,. French 7. 1941 Grand Trunk 7s. 1940 Goodrich Su. 1941 Gulf Oil 7s. 1933 Greet Northern 7s, 1931 Hershey 7s. 1930 Humble Oil 7s. 1923 Int Rap Ar rer 5. 1966 Int Mar CT 6s. 1941 Int Rap Tr ref ns. 198U Kennecott 7s. O30 Libby. McNeil Libby 7s, 1931. Morris & Co. 7. 1930 Mexican Pete 8s. 1930 NYC call 7s. 1930 Norway Ss. 1940 Northwest Tel 7s. 1941 Ohio C Q 7s. 1923 Pan Amer 7s. 1930 Penna 8s. 1936 N P & G N (jnt) 6a. 1936 San Paulo Sa. 1930 Southwt Tel 7s. 1025 Swedish Govt 6s. 1939 Standard Oil, N Y 7s. 1925.. Steel A Tube 7s. 1931 Swiss 8s, 1940 , Sears Roe 7s. 1921..... Sears'Roe 7s. 1922.............'., Sears Roe 7s. 1923. Holvay S.. Jli.l Sw'.ft & Co 7s. 1925 Un Tank 7s. 1930 U S Rubber 7. 1930 Wilson 1st 6s. 1928 West Elec 7s. 1U25 Westlnghouse 7s. 1931.. Zurich 8s, 1943 98 1 250-pound weights, $8.608.80; prime 325- H I pi'iuu averase, 99..; top, sf.io; OU1K, 97.75 . .101 ..93 ..98 . . 81 .. 69 . . JM5 . IOO . . 8 . . 95 ..102 94 ; stock pigs, steady; few choice kinds. Sheep Receipts. 5500 head. About choice; light ewes. $4.25; most fat natives. w.ufo;; lamps. zaq?ouc lower; Idahos, $9.25; natives, $9. 99 4 Omaha Livestock Market. OMAHA, Aug. 24. (United States Bu- 101 I reau of Markets.) Hogs Receipts, 7000 toward hogs resulted in a reaction In hog trade; medium and light butcher grades met with keenest competition and were quoted 23c to 50c higher, while packing grades were generally 10c to 2.c higher; bulk of medium and light butchers, $8 8.50: top. $9; bulk packing grades, $78. Cattle Receipts, 4000 head; few early sales of choice yearlings and handy weight ateera around steady; $9.55 paid for load of 1143-pound steers, others, fed steers, generally 25c lower; spots more; grass steers and she stock steady to weak; bulls weak; veals, steady; stockers and feeders steady. Sheep Receipts, 25.000 head; bulk of big run, lambs from western states; mar ket fairly active; generally 25c lower; bulk western Iambs,-$8.258.75; top, $9; sheep stow, steady; feeding lambs , 25c lower; $7.25 bid on best western feeding lambs; some sold at $7. NEW ISSUE $300,000 The Standard Gas Engine Company First Mortgage 8 Ten-Year Sinking- Fund Gold Bonds ' Dated March 1 . 1 92 1 . Due March I. 1931 Principal and semi-annual interest (September 1 and March 1 ) payable at the office of the Anglo-California Trust Company, San Francisco, or at our offices. Coupon Bonds in the denomination of $1000. A sinking fund will retire at 105 and accrued interest $33,000 par value of the bonds each year from March 1, 1923. to 1930, inclusive, the same to be called by lot by the trustee. The remaining $36,000 par value will be retired at 1 00 at rjaaturity. The Company agrees to pay the Normal Federal Income Tax up to 2. Anglo-California Trust Company, San Francisco, Trustee. THE PRINCIPAL AND INTEREST ON THESE BONDS ARE JOINTLY AND SEVERALLY GUARANTEED BY MESSRS. W. L. HUGHSON AND G. W. EMMONS The "above gentlomen are the principal stockholders of the Standard Gas Ensrlne Com pany, and their personal guarantee not only places these bonds In a unique position In- so far as security is concerned, but assures a continued interest In the affairs of this com pany during the life of the issue. The personal statements of William Lu Huphson and G. W. Emmons, which we have on file in our office, show a combined net worth outside of the Standard Gas Engine Company considerably in excess of one million dollars. CAPITALIZATION. Authorized Outstanding First Mortgage Bonds (this issue) $300,000 $300,000 x Capital Stock : : 1 50,000 79,820 We call your attention to the attached letter of G. W. Emmons, Esq., President of the Com pany, from which the following information is summarized: Bonds are secured by a first closed mortgage on all the properties of the Company, which are valued at $618,380, after depreciation, or over twice the total amount of this issue. Net current assets amount to $492,527, or 164 of the total amount of this issue. Total net assets, after depreciation, applicable to these bonds, amount to $1,180,537, or 393 of the total amount of this issue. Net earnings for the past ten years have averaged over $76,000, which is over three times the interest charges on these bonds. The business of this tompany is world-wide and is therefore not materially affected by depression in any one locality. Retirement of these bonds by an annual sinking fund continually increases the large equity behind this issue. - The legality of this issue has been approved by Edgar T. Zook, Esq., of San Francisco. Price, 100 and Interest' to Yield 8 to 11.30 depending upon year in which bonds are called for payment. Carstens&Earles, Inc. Girvin&Miller Lowman Building Bank of Commerce Building Seattle, Wash. Seattle, Wash. ... 2 ...10114 , . . rs ... m ... u w . . 101 . . 101 . . .loi H ...101H . .. HH4 .. .103H ...101 . ..101 . .. U74 ...100 "4 . . . ...103 ...101 . .. 07 4 . . .Ill"7 ... . .. 7 :.:: n$ ... 55 ' . .. 92 ... 5 ... m . .. 116 . ..102' . . .10.'! ...102 ... 14 ... Kit ... T'. . ..101 ... f7 ... n-4 ... 87 V4 ...lo:iti ... 9i loflVs . . .100 , ... IH 7 Bit .... 7Vt 10H4 .. . .100 . ... R2 100 4 101 . . ..100 Chicago Livestock Market. CHICAGO. Auk. 24. (United State Bu reau of Markets.) Cattle Receipt.. 80)0 head; mostly steady; best heavy weight steers, calves and bulls, strong; choice he a vy gteera, 10: bent yearling!! held I msner; Deei sieers. )a.oi;wv.d, duih 111 she stock, 45 75; bologna bulls, 3.75j4; butchers, $4.255.SO; bulk veal calvea, (U.50310: stockers and feeders, steady, mostly $. 06.25. Hogs Receipts. 1S.000 head; fairly ac tive, ISc to 40c higher; bulk sales, 17 35 8.&0; top. $9. SO; heavy weight. $8.2500.25; medium weights. 9.10u.60; light weights. (1I.35I&9.60; light lights, $8.759 .10; heavy packing sows, smooth, 7.25lS7.75; pack ing sows, rough, 77.25: pigs, 89. Sheep Receipts, 24.0OO head; fat lambs, mostly 25c lower; native top early. J'J.50 to city butchers; 9 40 packers; only one string westerns sold early at $9.40; others held higher; no feeder lamba sold early; few native fat ewes, steady. t Seattle Livestock Market. SEATTLE. Aug. 24. Cattle and hogs, steady; no receipts; prices unchanged. New Tork iSorar Market. NEW TORK, Abb. 24. Raw sugar was unchanged at 4.50 for uncontrolled ana Cuba at 4.86c. Keflned was held at O.800 tr ."c. Dried Fruit at New York. NEW TORK. Aug. 24. Evaporated apples firm; primes scarce; peaches steady. Wh , Foreign Bond Foreign bond quotations furnished by Market Prices Baling; on Batter, Cheese and Eggs. SAN FRANCISCO., Aug;. 24. Butter Extra choice, 48V4c. Eggs Fresh extras, 43c; extra firsts, 42c; extra pullets, 87 He; extra firsts, pul lets. 37c; und-raixed pulletx. 27c. Cheese Flats, fancy, 21c: first flats. 19c; Young America firsts, 25c. NEW YORK. Aug. 24. Butter steadier: creamery higher than extras, 4041; creamery extras. H9!ig?40c; firsts, 3tifc &8!c. Eggs Irregular, fresh gathered extra firsts. 37 40c; firsts. 31 hi djl 30c. Cheese steady, unchanged. - CHICAGO. Aug. 24. Butter unchanged. Eggs-Ainchanged ; receipts s459 cases. SEATTLE, Aug.24. Wholesale prices to dealers: Eggs Select local ranch white shells, 43c; same, mixed colors, 38c; pullets, 35c. Butter City creamery cubes, 4$c; bricks or prints, 47c; country creamery extraa. cost to JODDers, in cubes, 40c. Spot Coffee Easter. NEW TOKK. Aug. 24. In the market for coffee futures, September, after open ing at a decline of 9 to 12 points, sold off to 6.29c, or 13 points net lower. There seemed to be a better demand at this level and the price later rallied to 6.39c on covering. December sold up from 6.75c to 6.81c with the market closing at a net de cline of five to 11 points. Sales, including exchanges, amounted to about 165,000 bags, according to estimates. September, 6.31c; October, 6.47c; December, 6.S0c; January, 6.93c; March, 7.21c; May, 7.40c; July. 7.57c. Spot coffee was quiet and easier at 6 Q 6 ?c for Rio 7a and 10?10c for Santos 4s. Mont Ward... Mo Pac do pfd Nat Biscuit. .. Nat Enamel.. Nat Lead .... Nev Con .... New Haven.. Nor & West.. Nor Pac Nov Sco Steel N Y Air Brk.. N Y Central.. Okla Prod ref Ont Silver . . . Ont & West.. Otis Steel .... Pac Dev Pac Q Sc. E 2,000 100 400 100 48,300 800 ' 5,21)0 2.2O0 2.0OO. 300 60 1.700 3.000 ' i ,006 2,900 600 4.3O0 800 15,90 100 ' i.VoVi 500 50 49 114 108 95H 19 10' 23 Vs 44 15 18 .36 "35"" 71 15 93 72 11 108 90 19 f 10 ' 23 44 15 17 34 20 US', 9 14 92 69 23 69 68 17 100 Pac Oil 2.4110 Pan Am Pet. do B Penna s Peo Gas Pre ilarq .... Phlla Co Pure Oil Pierce Arrow. Pierce Oil ... Pitts Coal . . . Pitts A W Va. do pfd Pr Steel Car.. Pullman ..... Ray Con 4.8O0 1,100 2.900 500 2,4110 700 2,900 8.700 1.100 4.000 900 100 1.100 5,300 .000 Reading 3,900 Rep I & S. .. do ptd Rep Motors. .. Ryl Dtuch Oil Ry Steel Spg. Saxon Motor. Sears Roebuck Shattuck Ariz. Shell T at T. 2,400 100 55 34 43 87 37 54 18 28 24 11 5 58 24 '06 90 12 65 44 55 84 40 85 86 53 17 . 27 24 10 5 52 24 "49" 89 11 64 44 4,800 47 1.000 73 46 72 60 69 Vi, 400 , Sinclair 9,400 17 Stand Oil Cal. loo , U Replo, Steel... 300 19 Sloss Shef So Pac 6,600 76 So Ry 1.000 19 do pfd St L S F... 4.400 22 Strom Carb... 1.500 27 Studebaker .. 8.500 6U 16 69 19 75 18 "20 25 65 99 1 7 ! 87 11 38 70 8 2 9 22 49 32 16 '85 24 49 140 11 108 90 19 10 23 1 3 44 15 17 35 110 20 70 8 14 92 70 23 SO 68 1 8 16 9 8 54 34 40 85 8 53 17 24 10 5 52 24 1 1 49 90 11 64 44 60 8 46 8 60 5 34 16 6!t 19 31 75 1.8 42 21 25 65 the Overbeck & Cooke company of Port land: Bid. Ask. Russian Cs, 1921 15 19 Russian 5s. 1026 4 6 Russian 6e. 1919 16 1 Frer.ch 5s, lim B! 6 French 4. 1917 4S 49 French us. 1A20 70 70 ItalUn 5s. 1918 31 32 British 5s. 1022 .-. .306 3T British 5s. 1927 307 377 British 5. 1929 352 8i2 British vky 4s 275 2S5 British ref 4s 857 382 BelKlum rest 5a.. 68 71 Belgium prem 5s.., 70 73 German W L 5s 10 Berlin 4s 10 Hamburg 4s 10 12 Hamburg 4s 11 12 Leipl7 4s 10 12 Leipsig &8 11 13 Munich 4s 11 33 Munich 5s U 1 Frankfort 4s 11 13 Jap 4s 71 71 Jiip 1st 4s S6 S'4 Jap 2d 4s 80 K Paris sixes n"7 10" U K 5s. 1921 90 100 U K 5s. 1022 !R 1W U K 5s. 192! 89 S9 U K 5s. 1937 8T 87 - Foreign Exchange. Foreign exchange rates at close of busi ness yesterday, furnished by Northwestern National bank of Portland. The amount quoted is the equivalent of the foreign unit in United states iubuo; Country. Foreign Unit. Austria, kronen Belgium, francs Bulgaria, leva Csecho-Slovakla, kronen- Denmark, kroner England, pound sterling ..... Finland, finmark Cheques. . .$ .0018 .. .0705 .OOU 5 . . .0128 .. .1725 .. 3.60O0 .. .0105 .. .0780 .. .0128 .. .0572 .. .3115 . . .0033 .. .0430 . . .0065 .. .1340 .. .1005 .. .0128 . . .0235 .. .1305 j .5060 .7Ol0 France, francs Germany, -marks Greece, drachmaa Holland, guilders Hungary, kronen Italy, lire Jugo-Slavia, kronen Norway, kroner Portugal, escudos Roumanla, lei Serbia, dlnara Spain, pesetas Sweden, kroner Switzerland, francs China Hongkong, local currency. Shanarhai. taels Japan, yen 4875 NEW YORK, Aug. 24. Exchange Irreg ular, sterling, demand $3.67. Metal Market. NEW TORK, Aug:- 24. Copper quiet; electrolyitic spot and nearby. 11 12c; later 1212c. Tin easy, spot and nearby and futures, 25.75c. Iron steady, unchanged. Lead steady; spot 4.40c. Zinc dull; East St. Louis delivery, spot 4.140M.20C. Antimony, spot, 4.00c ! The Organization m ' rpHE MUL.TIxJtilJITX J tJUlsua nsuyv offered, the difference in their types, and the wide range of the character of security that gives them value, make it practically impossible for any individual to judge correctly which "bonds are best suited for investment. To procure the necessary information requires the services of highly trained experts. It takes years to build up such an organization of specialists. It requires large capital to make it efficient. But the protection it affords investors makes it well worth while, alike to the bank and its customers. When you invest in Bonds at the Lumbermens, do so in the knowledge that EVERY SECURITY offered you has passed the strictest tests and is suitable for the bank's own investment. ' LUMBfiRMENS 1r,tjs t (ompAmt -f ATT Broadway and Oak. Lone Term eeler County f Oregon 6 Bonds Denomination $1000 atl90toyield6 Income Tax Exempt. Dated July 1, 1921 Due Serially 1938 to 1951 Wire orders "collect" Call, phone or write for details We Specialise in Liberty and victory Bonds See us before you buy or sell Freeman. wound puoeai UnSISMSNS BUILSIM Firm amb Stabs ' I74S SMITH Camp CO. . 1 1 Yielding 7.37 Interest This offering is limited to 10,000 shares Northwestern Electric Company offers its Cumulative First Preferred Stock on a Special Savings Plan of interest-bearing partial payments, yielding 7.37 interest on the investment. Tele ' phone, call or write for free illustrated booklet, "Hydro-Electric Dividends and How to Get Them.'' Address Northwestern Electric Company J. G.Tavares, Stock Sales Manager 10th and Washington Streets, Portland Telephones: Broadway 560 Automatic 567-47 This is No. 14 of a series of advertisements. Franklin County Washington ' SCHOOL DISTRICT NO. 1 6 I School Building Bonds Dated July 1, 1921 Due July 1, 1930-41 Denomination $1000 ' The district includes the City of Pasco and adja cent territory, having a total area of 86,000 acres and a population of 4000. The net debt is but 5 of the assessed valuation. Price 100 to yield 6 Ralph Schneeloch Co L MUmOPJU. AM3 COHPOKATlOl TOUNCt Llll II 1 v-i- PoirTIANO.OROOII (( $3,000,000 PROVINCE of SASKATCHEWAN 6o Bonds Dated An cunt 1, 1021 Due August 1, 1027 These bonds" are gen eral obligations of the Province of Saskatche wan. Principal and semi annual interest payable in New York in United States gold coin. Price 92 to Yield 7.50 E.H.ROUJNS &SOXS investment bonds OSTO.V NEW YORK CHICACO SAV FRAJVCISCO-LOS ANCEUS QjVbYtlmest Tlppfcsentatlve 404 CUUtH UUlLUl.Vt, CJtlephone cMartlutll 2t)5 . PORTLAND HERRIN & RHODES, Inc. Establitthed 1896. BROKERS Sew Tork fetocka. Honda, Grain, Cotton. I'rivatc W'lrea. Member Cliicag-o Board of Trade. 201-8 Railway Exchange Bide Telephone Main iei-s. THE ONLY SAFE WAY TO TRADE IN THE MARKET Any Stock Exchange Issue 10 Shares, 7-day Option for $5 Profits Unlimited. no Si '20 Write Tor Booklet 54 Free G. Goldhurst & Company Service Reliability 50 Broad Street, New York Money to Loan on Business and Residence Property. Mortgage Bond Company Main 2S31. Wilcox Bide i