Morning Oregonian. (Portland, Or.) 1861-1937, August 26, 1921, Image 21

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Morning Oregonian., August 26, 1921, Page 21, Image 21

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Newspaper Page Text21 TITE MOIXIXG OTtEGOXIAN, FKIDAT, AUGUST 2G, 1921 e FOR WHEAT RAISED TWO CENTS sprtnffs. which moved at 2728c Heavy hens wer higher at 27 cents. . .Receipts of country dressed meats were also light, but prices were not changed. Market Firmer With Advance in Sterling Exchange. FOREIGN BUYERS HOLD OFF Bank Clearings. ' Bank clearings of northwestern cities yesterday were as follows: Clearances. Balances. Portland . :.. .$3,954,730 718. 2O0 Seattle 7,124. 58 -3.165.90a Tacoma 31.091 54.744 Spokane l,aou,B3 .531.045 iOrtlanl market quotations . Grain. Floor, Feed. Etc. Ocean Freight Hates TJnchanged ; Farmers Xot Offering Wheat Freely; Coarse Grains Steady. Wheat prices were raised about 2 cents in the country yesterday. The strength of the market was largely due to the further advance In sterling exchange. The Euro pean markets have not been so apod ( re cently, as crops on the other side are now on the market and buyers- are less -interested In Imported wheat. Freights are holding around 60 shillings for handy-slxed steamers and lower offers made by ship pers here were turned down, though the 60 shlHing rate could be shaded on large un desirable sized boats. Farmers In the northwest were not ready sellers during the day. and this was to be expected in view of the advancing market. - At the Merchants' Exchange session all wheat bids were 1 cent higher than "Wednesday. Offers for coarse grain, were unchanged except September No. 2 eastern corn, which was 50 cents higher on bid. Argentine shipments this week are esti mated at 555,000 bushels wheat against 277,000 bushels a year ago; corn, 2.400,000 bushels against 2. 901, 00 bushels; oats, 840,000 bushels against 1,110.000 bushels. A summary- 'of the world wheat crop, issued by the United States department of agriculture, gives a total production of 1.975.000,000 bushels this year, or an In crease of 31.000.000 bushels over 1920. The production figures (in millions of bushels) are as follows: . Aver. Aver. 1915- 1909- 1921 1920 1919. 1U13. FitrADA and north ern Africa 291 217 257 288 Canada and U. S 10.r.7 lO.'.O 10H.5 884 Ttritish India 248 377 327.. 351 Southern hemisphere 381 300 3t9 310 Bid Sept. Oct. $ 1.11 S 1.10 1.10 1.09 1.09 1.08 1.09 LOS 1.10 ' 1.09 l.7 1.06 24.00 24.00 .23.00 . 23.00 23.00 !3.00 21.00 ' 21.00 28.00 - 28.00 STOCK MARKET REACTS LIQCrO lTIOX AXT SHORT SELIv IMG CAUSES LOSSES. . ' j Shell T T. Favorable Factor In Day's. Xews Are Ignored by Traders. Bonds Also Weak. Wheat Aug. . Hard white $ 1.12 Soft white 1.11 White club 1.10 Hard winter 1.09 Northern spring .... 1.10 Red Walla 1.07 Oats No. 2 white feed.... 25.00 No. 2 gray 23.00 Barley Brewing 23.00 Standard feed 21.00 Corn No. 2 E. T. shipment. 28.50 FLOUR Fsmily patent. $7.80 er bar rel; whole wheat, $8. JO; graham, $8 00; bakers' hard wheat, $7.25; bakers' blue stem patents. $6.75; valley bakers, $8.00; timothy, $1818.50. MILLFBEu Price f. o. b. mill: Mill- run, $25, per ton; rolled barley. $34:38; rolled oats. $38; scratch feed, $47 per ton. CORN Whole, $3; cracked, $39 per ton. HAT Buying price f. ' o. b. Portland; Alfalfa, $15 per ton; cheat. $12 12.50 ; oat and vetch, $13 13.50; clover, $10; valley timothy, $15015.50; eastern Oregon, timothy, fla)l8. 50. Dairy and Country Produce. BUTTER Cubes, extras, 4142c lb.; prints, parchment wrapped, box lots, 1 40c; cartons, 47c Butterfat,- buying prices: No. 1 grade, 45c, delivered Portland. EGOS Case count, 30c; candled ranch. 82S 34c; selects. 35 36c. CHEESE: Tillamook triplets, pries to Jobbers, f. o. b. Tillamook, 24c; Young Americas. 25c pound. POULTRY Hens. 1727e lb.; springs. 2728c; ducks, 222tc; geese, nominal; turkeys, nominal. - rORK Fancy, lfie per pound. VEAL Fancy, 1616Vic per pound.. 1 13 10 . 2 14- 6 61 3B4 137 202 18 127" 80 104 2 2 2 1 3 38 1S4 21 63 12 159 11 112 9 1 5 1 1 1 20 288 - 37 237 52 59 1 318 Total of above... 1875 1944 1978 1833 The production data Includes Belgium, Bulgaria, Greece, Italy, Algeria, Tunis, Canada. United States. British India, Ar gentina. Chile. Uruguay. Union of South Africa, Australia and New" Zealand. Be fore the war these countries produced about 50 per cent of the total wheat crop for all countries for which dependable es timates were available. A tentative esti mate of 800,000,000 Is- here included for Canada, which Is subject to revision from the government report. The figures above for the southern hem isphere refer to the crops harvested within a few weeks of January 1 of the years mentioned. For instance, the figures for 1921 refer to the crops harvested near the end of 1920 or early In 1021. Terminal receipts, in cars, were reported by the Merchants' Exchange as 'follows: Wheat Bar. Fir. Oats Hay Portland. Thursd. 1"5 Tear ago SO Season to date Rloa Year ago 2221 Tacoma. Wednesd. 84 Year ago 7 Season to date.... 1441 Year ago 420 Seattle, Wedn'day 28 Year ajro 13 Season to date... 792 Year ago '-'-XI STJGAB DECXESBS 15 CENTS SACK Pressure of Raw Supplies on Marke? Indi cates JLower Prices. The expected reduction in sugar prices came yesterday when the California refln ers announced lower prices, reflecting the astern decline. The cut was 15 cents hundred, which put cane at $7.05 and beet at $6.85 In the local market. At New York there was a drop of 15 points to $6 on the top quotation, but the lowest price quoted was unchanged at $5.80. "It is obvious that refiners have yery little confidence in the market, and to a great extent this feeling Is manifested by the refined sugar trade." said the Federal Reporter. "With a stock In Cuba at pres ent estimated at over 2,000,000 tons. against 600,000 tons at this time last year, together with the sugars still to arrive from Porto Rico, Hawaii, Philippine lands, St. Croix. Brazil, San Domingo and other outside- sources and the Stacks of the old Louisiana and domestic beet sugars still to be marketed, not to mention the new Louisiana and domestic beet sugar crops, which will shortly be pressing on the market, it Is very evident that unless the unforeseen happens, buyers will find It advantageous to stay close to shore.1 SAN FRANCISCO, Aug. 25. Refined cane sugar at the refineries dropped from $6.55 to $6.40 a hundredweight today. NEW YORK, Aui, 25. New sugar, Un changed; 4.86c for centrifugal. Refined sugar lower; fine granulated, 5. 80 6c. Fro its and Vegetables. FRUITS Valencia oranges. $5.00 7.00 per box; lemons, $7.007.75; grapefruit. x5.50O6.00 box: bananas. 64 9c pound: apples, $1.75622.50 box; cantaloupes, 5cl $2.25 crate; peaches, $1)1.65 box; wa termelons, 2a pound; plums. QtfTHc pound; pears, $1.502.25 box; blackber ries, $1.25 to 1.75 per crate: grapes, $203 per crate; casabas, 3c per pound. POTATOES New. 1 "4 S 2c pound. Sweet potatoes. 6&)66c pound. ONIONS Yellow, 2.5O3.00 per jack. VEGETABLES Cabbage., 4H4Ac lb.: lettuce, $2.7503.25 crate; carrots. $2.50 per sack; garlic, 1520o per pound; beets. per box; cucumbers, 7&cv $1 per box; beans, 507c per pound; green corn. 85 0 45 per dozen. Celery, 85c 0$ 1.25 dozen. Eggplant, "50 10c pound: tomatoes. 750900 box. . KEW YORK, Aug. 25. The stock mar ket today followed its recent reactionary course. Liquidation and short selling caused many new low records, involving leaders as well as vulnerable issues. Easier money rates, further strength of foreign exchange and senate adoption of the farm credit bill evidently played no part In the calculations of traders, being neutralized by the keener competition la steel and other unfavorable factors. ' rsrn drrllnn of 1 to 6 points were sustained by oils, steels, equipments, cop pers, rubbers, textiles, tobaccos, chemicals and an array of miscellaneous issues which figured conspicuously during the war boom. Investment rails and ' standard Indus trials of the type mainly represented by United States Steel were most often proof against pressure, althougn giving moderately when the remainder of the list was under attack. Prices were lower at the start, but strengthened before noon, only to react again in the last half of the session. Mexican Petroleum featured, the set back, dropping from 91 to 84. a new minimum. Making up virtually all Jts loss. Mexican closed at a net decline of a fraction. Junior oils, also shippings, mo tors and tobaccos, developed greater weak ness In the final dealings. Sales amounted to 600,000 Bjlaren-,' . " ' - Call mney ruled at 54 per cent, but much of .the day's, offerings was at 5 per cent. ' British and other European exchanges were rhaterlally better, continental rates rising from 5 to about 25 points. Industrials, especially coppers and whip pings, were among the heaviest features of an irregular bond market, including liberty 3s, which lost a fraction over one-half of 1 per cent. Total sales (par value) were $8,375,000. CLOSING STOCK QUOTATIONS. (Furnished by Overbeck & Cooke com pany, Portland.) Sales. Adams Exp.. 100 Advance Rum. 100 do pld Agr Chem . . do pfd AJax Rubber.., Alaska Gold.. Alaska Juneau Allied Chem.. Allls-Chai .... do pld Am Beet Sug. Am Bosch . . . Am Can Co... do pld Am Car & F nd Oil CaL SI oss Shef So Pac So Ry do pfd ..... St L & S F. . . Strom Carb... Studebaker ... Swift sc Co..." Tenn C & C. .-. Texaa Oil Texas Pac Tex P C & O.. Tob Prod .... Tr Cont OH. .. Union Oil DeL Union Pac ... United Alloy.. United Drug.. Untd Fd Prod United Fruit.. Untd Rds pfd. Utd Rtl Stores U S Ind Al... U 3 Rubber.. do 1st pfd. . U S Smelting. U t" Steel. .... do pfd . .. . . Utah Cop .... Va Chem .... do Pfd ...... 'Van Steel .... V;vaitlou .... Wa'esh ...... 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 .. do pfd Wilson Pack.. Wis Central. . Woolworth . .. Worth Pump.. W & L E 18.700 17 1 IB.1. 200 69 69'. '.'on"6 'ih'hi 'ii'i 2.000 19 18 ioo 500 21 X 20 4 200 15.300 67 65 95 . 85 200 7 ' 7 13. TOO 83 J 82 s 500 22 21 2.20 17 - 15t 1.01 to 57 65 8.100 6 8 4.7tO 154 15 2,100 119 117. "i.'s'oo oi 49 1.000 15 15 2,700 10S 102 100 17 17. 8.800 49 48 2.400 45 V,' 44 12. WHO 43 42 1.4U0 83 82 ii.s'no -T3 "72 400 109 10 8,700 4:'T4 , ' 41 300 22 2 30l "' ' 6 1.9H0 25 " 25 900 6 ." "i.'o'oo "26' "is' "".700 "So" 65 100 21 . 21 100 100 100 2.40U 900 8110 5,5110 400 200 600 600 81 83 40 9 32 26 105 31 81 83 30 8 31 5 26 105 30 S4 I 1 69 32 i 75 IS 43 21 . 28 6 95 6 82 21 -15 66 X 6 15 118 23 51 15 102 17 49 44 43 62 2! -.3 109 4! 64 23; F 7 19 13 55 20 57 81 83 40 8 81 5 28 32 25 ' 105 3014 7 HOG DECLINE IS RESUMED PRICES 5 0 CENTS TjOWER AT NORTH PORTIj-WD YARDS. Sixteen Ixrada of Sheep and Iamtts Go- Tbro-ugh Cattle Mar ket Is Quiet. There was a better supply of hogs at the yards yesterday ad a weaker market. Prices broke on all grades, the decline on top quality light hogs amounting to 60 cents. Of the day's receipts. 400 head of hogs came from South Dakota as a direct shipment. A large part of tho 31 loads of stock reaching the yards were sheep. Late In the day 10 loads, consisting of 1998 sheep, came in, but all except one load went through. There was an active demand for lambs and former prices were maintained. The cattle supply was again small and the- old prices were quoted. Receipts were 27 cattle, 748 hogs and 8607 sheep. r The day's sales were as follows: Staple Groceries.. Local ' Jobbing quotatlona: SUGAR (sack basis) Cane, a-ranulated. 7.05c pound; beet, 6.85c pound. NUSS Walnuts, 20 0 25c pound; Brazil nuts, 18 0 20c; filberts, 15017c; almonds, 244t30c; peanuts. 8011c pound. xt-ictt; iue Rose, uc per pound: Japan style, 5c per pound. BEANS Small white. 4 90c: pink. RUr; lima. 7c; red, 10c per pound. COFFEE Roasted, bulk, in drums. 14 a 36VxC per pound. - . " SALT uranulated. barrel. $3.2004. 05r nan grouna, ton ous, sj..3; iuus, $16.25; lump rock, $26.50. HONEY Comb, new crop. $8 ner case. DRIED FRUITS Dates, $4 25 per box: figs, $3.2505.25 per box; prunes, 7012c per pound. Provisions. HAMS All sizes. 37239c; skinned. 84a 41c; picnic, 20 0 21c; cottage roll, 25c. BACON Fancy, 47052c: choice. 32 a 37c; standard, 25 29c LARD Pure, tierces, 16c pound: com. pound, tierces, 12 c Dii x aALi Kacn, 22 025c; plates. 16c. 23o poijid pound calf. JAPANESE BUYING AUSTRALIAN WOOL Oriental Manufacturers Intend to Compete in World Markets. . Jstpanese buyers have been Increasingly acftive in the Sydney wool 'markets this year, report the American consul at Syd ney. Australia. During the June sales, when 54,000 bales were offered at Sydney, there was good general competition among buyers, with the French ' and Japanese leading and apparently taking all the wool they could handle. Extreme prices were paid for super-merinos. The demand was keenest, for medium kinds, which com prise the great bulk of wool remaining to be sold. During the first five monfhs of 1921 Japan purchased 17,643 bales (about 622,100 pounds) of Australian wools. in connection with' the Japanese market for wool the Sydney Daily Telegcaph pub lished a report from the trade commis sioner stationed In Japan, which says: "In view of the great strides made In the production of woolen goods, combined with, cooperation of ail the mills, there Is very reason to expect a bright future for the importation of the raw materials to Japan, and that the manufactured goods will later on be Berlous competitors on othe: markets, to which cheap labor and cost of production generally will aid consid erably." PEACHES FIRM WITH GOOD DEMAJD Tarklsh, Melons Again Malce Appearmnoe on Street Sweet Potatoes .Lower. There was a better trade in the fresh fruit market, with peaches the firmest fea ture under a strong demand. In addition to moderate local arrivals a ' car of Cali fornia peaches was received. Turkish or Persian melons, which have been a staple article In the summer mar kets, for a dozen' years or more, have made their appearance on the street and are sell ing at $1.50 0 2 a crate. Two cars of Yakima cantaloupes and one car from CaHtornia cams la during tha day. Other receipts were three cars of water melons, one car of Oregon mixed fruit, one car of bananas, one car of Walla Wall! onions and one car of sweet potatoes. The latter were quoted at 66c Hides, Hops, Etc. TALLOW No. J, 4c; No. 2. per pound. cascaka. uakk. ifive cents a delivered Portland. HOPS 1020 crop, 1520c per contracts. 30c per pound.- HIDEa b resh cured. -4c per pound 11012c per pound; kip, 6c per pound. WOOL New clip, 12021c per pound. MOHAIR New clip, 16c per pound, de livered Portland. (jRALN naba Nine cents at country points. Oils. LINSEED OIL Raw, In barrels. $1.02 5-gallon cans, $1.17. Boiled, In barrels. tL.O-i: o-gation cans, ll.lv. TURPENTlNu; in drums, 82c: 5-rallon cans, i ui. WHITJS LEAD loo-pound kers. -12 a ner pound. COAL OIL -Tank wagons and Iron bar rels. 17 c; cases. 30 037c GASOUSu-riinii wagons and iron bar rels, zoc; cases. Bc. QUOTATION S ON DAIRY . PRODUCE Market Prices Ruling on Butter, Cheese and Egga: SAN FRANCISCO. Aug. 25. Butte Extra choice. 49c; prime firsts, 45c. Eggs Fresh extras, 42c; extra firsts. 41 c; extra pullets, 37c; extra firsts, pul lets, softc; unaersized pullets, 27c. Cheese Flats, fancy, 21c; first flats. -iuc; xoung America tirsuj, 25c. NEW YORK. Aug. 25. Butter; firm creamery higher than extras, 4242c creamery extras, 41042c; creamery firsts. 3. 4UC. ' Eggs Steadier, unchanged. Cheese Steady, unchanged. . ; . in jlauu. Aug. zo. -tsuiter Firm creamery extras, 37c; standards, 34 c nrsts, 32ft0dOttc; seconas, 3O031c. Eggs Lower; receipts. 6278 cases: firatj. 2tvsic; orainary xirsts, Z402ic; miscel laneous, 27 0 2S. SEATTLE, Aug. 25. Wholesale prices to aeaiers: - s. Eggs Select local ranch, white shells 41c; co. mixed colors, 36c; pullets, 34c. nutter city creamery, cubes. 48e: bricks or prints, 47c: country creamery, extras, cost to jobbers in cubes, 44c High. 39 1,300 30 1,100 300 ' 500 4"0 200 900 200 1.20Q 18 1 ' 36 29 Low. 38 29 'i7 1 86 29 24 .24 119 Bid. 8S 10 22 2S 53 -17 1 36 29 65 27 31 t 2"4 78- 120 do pfd 108 BONDS. U S 2s reg. . , .'100:k Y C deb 6s.. do coupon ..lOO''N P 4s U S 4s reg 104IN P 3s do coupon"'.. 104 Pac TAT 3s. Pan 3 rear. . ..75 IPa con vs - do coupon . ..75 iS P cv 5... A T & T cv 6s. 99H'So Ry 5... Atch gen 4s... 77 .U P 4s D & R Q coil 4sC5 1U S Steel 5s 92 76 58 85 ."92. . 81 l il . 4 Bid. Liberty Bond Quotations. Range of liberty bond quotations fur nished by the Overbeck & Cooke company of Portland: High. Liberty 8s 87.94 do, 'first 4s do. second 4s ....... do, first 4s 87.80 do. second 4s 87.72 do, third 4s 91 88 do. fourth 4s...'. .. 87.84 Victory 4s 98.78 do, 3&S 98.76 Low. 89.42 87.70 87.62 Cloning Bid 87.44 87 80 87.60 87.70 87 08 91.78 t 11.80 87.72 5:7 SO 98.70 98 76 98.72 S.71 I 24 steers., 1 steer. . 1 steer. . 3 steers. 2 cows. . 1 calf... 6 hogs. . 13 hogs. . 5 hogs. . 7 hogs. . 15 hogs. . 20 hogs. . 3 hogs. . 5 hogs. 89 hogs. . 3 hogs. . 2 hogs. . 8 hogs. . 2 hogs. . 2 hogs. . 2 hogs. . 2 hogs. . 2 hogs.. 4 hogs. . 3 hogs. . 5 hogs. . 1 hog. . . 5 hogs. . 1 hog. ... 7 hogs. . 11 hogs. . 1 hog. .. 9 hogs. . 2 hogs. . 4 nogs Mining Storks at Boston. BOSTON, Aug. 25. Closing quotations: Alloucz ....... 17 Ariz Com . . . Caiu & Ariz. Calu & Hecla Centennial .. Cop Range East Hutte Am Cot Oil do pfd Am Drug Syn Am Hide & L. do Dfd . .... Am Ice Am IntI Corp. Am Linseed .. do pfd Am Loco .... do pfd . .. . i Am. Saf Razor Am Ship & C Am Smelter .. do pfd Am Snuff .... Am Steel Fdy Am Sut;ar . .. do pfd Am Sumatra.. Am T & T Am Tob de B Am Wool .... do pfd Am W P pfd. Am Zinc .... Anaconda .... Assd Oil . Atchison ..... do pfd . . Atl G A "W I. Bald I.oco ... do ptd . . .. Balto & Ohio. do pfd Beth Steel B.. B R T Butte A Sup.. Caddo Oil .... 'Cal Pack Cal Pet do pfd Can Pac Celt. Leather.. Cerr'o de P. .. Chand Motor.. Chi A N W... Chi Gt West.. do pfd ..... Chill Cop Chino C M St P do pfd 0 ., . . 400 100 " 500 100 13.9O0 300 "i.'o'oo ' 1,200 "i.Voo 600 " 2.3O0 2,400 200 9.2IK) 600 SltO 200 3.700 200 2,500 'ibo " 4.V06 8,100 ' 6.900 100 5,000 900 100 81)0 8O0 1.400 200 700 ' 2.900 400 2,300 300 200 ' 1.600 1.300 8. 200 4.100 1.000 1.800 300 100 6O0 4.000 1.200 16 16 9 46 26 17 9 45 21 17 83 82 Coco Cola C & O Colo F A I. .. Cr"o Southern Colo G- A E. .. Col Graph Con Gas ' Con Cigars -. do pfd Contl Can ... Contl Candy.. Corn Prod . .. do pfd . ... . Cosden . Oil . .. C R I A P... do A pfd... do B pfd. . . Crucible do pfd ..... Cuba Cane ... do pfd . . . Cub Am Sug. Del A Hudson. Dome Mines.. D A R G do pfd Endl Johnson. Erie do 1st pfd.. do 2d ofd . . Fam Players.. 18,300 Fed M A Sm do pfd . .. Flsk Tire .. Gaston Wms Gen Cigars Gen Elec .. Gen Motors do 6s 4 6 80 65 99 21 60 8S 40 105 119 118 66 32 97 83 "26" 7,1 '85 '46 9 "k" 61 31 72 113 23 24 41 64 "ie" 9 21 24 86 32 " 51 22 35 53 3 84 8 f 5 29 64 98 " 20 50 88 38 105 118 118 64 81 96 83 "l9 70 46 '7 60 80 71 111 22 24 40 63 "is 9 29 23 -84 81 "49 22 34 62 2 83 16 86 4 9 45 52 . 21 17 40 ' 83 102 3 6 80 64 99 21 60 87 38 105 118 118 65 98 21 7 -32 88 83 80 19 71 95 34 52 46 " 9 10 7 r 20 33 2 1 90 .8 50 10 North Butte 7 Old Dom .... . . 44 josceola ....... .220 iQuincy ....... 7 Superior . 80 iSup A Boston. . " 7 Shannon ...... Franklin 1'Utah Con .... Isle Royalle .. 16! Winona Lake Copper..-. 2Wolverlne .... Mohawk ...... 42 -ft Money, Silver, Etc. NEW YORK. Aug. 25. Prime rhercan tile paper, 606 per cent. Time loans. steady; 60 days. 90 days and six months, 5 06 per cent. Call money, easier; (high, ruling rate and offered at, 6 per cent; low, closing bid and last loan, 5 per cent. Bar silver, domestic, 99c; foreign, 62 a Mexican dollars. 48c. LONDON, Aug. 25. Bar silver, 88d per ounce; -money, 4 per cent. .. Wt. Price.l 1186 $ 5.001 9 hogs. 1331) 0.001 1 hog 880 5.001 2 hogs. .. . . 910 5.25i 4 hogs.... . 955 4.501 2 hogs 170 10.50,97 htK-s-.. . . 240 9.25 6 hogs. .. . . 198 9.751 2 hogs. . . . . 272 6.50167 hogs.... . 232 10.001 2 hogs.... . 847 6.50)12 hogs. .. . . 256 9.001 3 hogs.... . 240 9.50!28 hoga. . . . . 192 10.0Oi242 lainbe.. . 170 10.00:207 lambs.. 66 . 170 10.001298 lambs. . 57 . 220 9.75B3 lambs... 78 . 218 9.75i24 lambs... 62 . 185 10.0099 yearlings 115 225 9.501 1 cow 135 10.001 llmll. . .. 855 7.00126 lambs. . 285 9.00il6 lambs. . 175 10.001255 lambs. 208 10.001 6 lambs. . 134 10.00:20 lambs. . 230 S-.'.Ui 3 lambs. . 178 10.00-54 lambs. . 870 7.00(14 lambs. . 190 10.00110 lambs.. 201 10.001139 lambs. 240 9.50152 hogs. ... 156 10.75 181 10.001 4 ewes.... 115 2.50 340 6.00135 yearlings. 89 4 00 190 9.601 U wethers. . 114 3.00 The, official Quotations at the Portland Union stockvards were as follows: Wt Price. 146 10.05 310 7.00 235 9.00 24 2 9.50 . 85 9.50 196 10.65 208 10.50 180 10.50 147 11.00 235i 8 00 148 10.00 120 10.00 106 10.50 .. MOO 6.00 6.00 6.75 5.75 8 50 1.75 8.25 6.00 6.00 5.50 5 00 4.00 6.00 8.00 6.00 6.00 6.75 900 1230 . . 55 . . 69 . . 65 . . 68 . . 62 . . 50 . . 60 . . 83 .. 58 New York Bonds." New York bond quotations furnished by Herrin A Rhodes, Inc., 01 Portland Am Tel A Tel 6s. 1922 Am Tel A Tel 6s. 1024 Am Tob 7a, 11123 Anaconda 7s B, 1029 Anaconda 6s A, 1029 Armour cv 7s. 1030 Armour 4s. 1930 Argentine GI Ss. 1945 Am Ag Chm 7s. 1941 Beth Steel 7s. 11)22 Beth Steel 7s, 1923 Beth Steel Eq 7s. 1935 Belgium Ext 7s, 1945 Belgium 6s, 1925 Belgium 8s, 1040 Bergen 8s. City of. 1945 Berne 8s. City of. 1945 en I Brazil hs, 1041 30 1 1 Canadian os, lit -o ...... -'J I , K 1Q11 , w , ,..,,.- mi, "H 1 . -. . ............... 7? I . .. x--. I.- . . .. 1 ,n K C, M A St gnArf 4s A, 2014.. Can Nor 7s, 1940 - Chiie 8s, 1941 Christiana 8s, City of, 1945 Copper Exp 8s, 1922 . . . Copper Exp 8a, 1923 Copper hxp 8s, 1UJ4 ....... Copper Exp 8s, 1925 Cuban Amer. Sugar 8s, 1931 Con Gas cv 7s, 1925 Dia Match 7 Vis, 1935 Denmark 8s. 1945 ........... Danish Mun 8s. 1945 800 000 11,300 'i.300 T.SOO- . 3110 200 6,800 "i.Voo 2,400 700 200 400 400 1.500 2.200 MM) 200 500 37 65 ,23"" 30 j;i Ti0 '7 18 13 98 16 57 12V4 17 87 63 "22'li 28 "6i 49 ' '7 17 13 98 16 66 12 IT 55 63 9 12,700 7,800 400 Cab Batter Market Advancing. Cnbo butter was scarce and firm with sellers asking 41042c for extras. A fair trad, in prints was reported. The demand for eggs was "less active, but the market held steady on the basis of 80c for current receipts. Poultry receipts were light and there b strong demand, SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City." SAN FRANCISCO, Aug. 25. Vegetable. Squash, 25060c; potatoes, $2.1503; to matoes. $101.50: bell peppers. 86e pound; beans. 25c; Italian. 5 0 6c; lima. T09c; carrots, $1 sack-; corn, $202.75 sack; lettuce. $1.25 crate: celery, $4.to06: onions, sz.230 iij; sweet potatoes, 3a 4C . - Poultry Young cnicKens. 81035c-. itir- gy roosters, 25 035c; old, 18c; bens, 20 0 28c; ducks and geese. 25c; turkeys, live, 85c; dressed, 45c; Belgian hares, live, 15c; dressed, 18 0 20c; squabs, fancy, 40c Fruit Oranges. $4 0 5.50; lemons. 14 a 6.60; lemoriettes. $203.50; grapefruit. $4 05; strawberries. $101.30 crate: 5o06ita drawer; raspberries, 60075c drawer: peaches, 75c 02 lug; cantaloupes, stand ards. 75c0$l; ponies, 650 95c; flats, 400 sOc; watermelons, 1 0 1 c; - grapes, seed less. 75c0$1.35 crate; pears. 75c0$2 75. Receipts wneai, ana quarters: barlev. 859 centals; oats, 1030 centals; .corn, 36 sacks; rye, 135 centals; bean's, 878 sacks: potatoes, 1032 sacks; onions, 680 sacks- hay, 224 tons; hides. 677; livestock, 2320 head. ' , Coffee Exchange Firmer. ' ' NEW YORK. Aug. 25. The market for coffee, futures was firme'r today on cover ing by near-montn snorts, report, of a better tone In the cost and freight market and apprehension that ' continued dry weather in Brazil mighk operate against the coming crop. The opVning was 1 point lower to 1 point higher, but a little scat 'tered selling of near months was quickly absorbed and the market soon worked higher. September sold up from JB.300 to 6.400 and December from 6.80c to 6.95c. with the market closing at a net advance of 13 to 18 points. Sales were estimated at about 135,000 bags, about half of the business consisting of switches from Sep tember to fate months in preparation for notices tomorrow. September, 6.47c; Octo ber, 6.63c: December, 6.94c; January, 7.11c March. 7.34c; May, 7.53c; July, 7.71c Spot coffee was reported in fair demand with prices unchanged on the basis of 66c for Rio 7s and lU01Oc for Santos 4s. - Dried Fruit at New York. . . NEW YORK, Aug. 25. Evaporated ap ples nominal: prunes scarce and firmer; Callfornlas, 5016c; Oregona, 817c; peaches steady. Cotton Market.- -. NEW YORK. ,Aug. 23.-r-Cotton, spot. steady; miaaung, 10c DalatH Linseed Market. . DTTLTJTH. Autr. 25 Linaaad On tr.oV particularly Xor, and to arrive, $2.01. . Gen Asphalt.. 21.700 Goodrich Granby Gt Nor Ore. . do pfd . ... Greene Can . Gulf S Steel. Hask Barker Houston OH. Hup Motor ... Ill Central ., Inspiration lnt Agr Corp. do pfd Interboro .... do pfd Intr Callahan. Int Harv .... do pfd InT Mer Mar.. do pfd ' Int Nickel .. Int Paper ... do pfd . Invln Oil .... Island Oil ... Jewel Tea . . . K C Southern. Kelly-Spgfld . Kennecott Keystone Tire Lack Steel .. Lehigh Valley Lorlllard .... Lowe Theaters Mex Pet Miami Mid States Oil Midv Steel .. M K A T do pfd Mont Power.. Mont Ward... Mo Pac do pfd M St P A SSM M A St L. ... Nat Enamel. H Nat Lead . . .. Nev' Con . . . . New Haven . .. Nor A West.. Nor Pac Nov Sco Steel N Y Air Brk. N Y Central.. Okla Prod ref. Ont Silver Ont A West.. Otis Steel .... Pac Dev Pac G A E. .. Pac Oil Pan Am Pet. do B Penn . ........ Peo Gas Pere Marq ... Phila Co . Pure'. Oil Pierce Arrow. Pierce Oil . . .. Pitts Coal ... Pitts A W-Va. do pfd ..... Pr "Steel Oaf.. Pullman ..... Ray Con ...... Reading ...'... Replo Steel .. Rep I & S. ... do pfd Rep Motors .. Ryl Dutch Oil. Ry Steel Spg.. Saxon Motors. Sears Roebuck I &h&Uuck, Axia 114 9 60 41 200 28 300 8,600 200 ' 100 ,' ' Yoo ' 8.400 ' 4O0 800 1,200 1,500 700 1,800 30 6 2.600 1.000 3,100 1,300 300 200 1,500 . 4,600 700 1.40O " 800 1.500 ' ' 600 73.1O0 . 3o0 5,000 900 2QD 100 "i.Yoo 29O0 2.800 Voo 4.100 "L100 21)0 1.5O0 1.700 ,900 27 71 8 iii 9 60 89 28 "27'" 69 30 "80 40 10 94 . 30 ' 36 3 ..... 70 "7 38 . 12 40 "s" 2 "23 34 16 11 86 49 "ii 91 19 10 23 1 "ii"" 15 17 36 10 '28 70 9 15 92 71 40 " 10 93 29 36' 3 8 69 "7 88 11 88 "iii 2 22 82 16 10 88 49 "ii'" 84 19 10 - 23 1 43"" 14 17 34 "9 26 69 9 14 92 69 112 22 . 24 .40 63 7 13 9 20 . 23 35 32 60 22 34 52 3 83 26 67 88 63 100 22 29 73 61 60 78 7 17 13 97 16 - 1 58 12 17 12 55 5 22 8 63 113 9 59 40 28 14 27 69 20 30 -54 41 10 93 29 6 3 9 3 69 100 7 86 11 39 70 7 2 10 22 82 16 ,10 36 48 140 11 90 18 10 23 1 2 43 . 98 . 98 . . .100 ... 93 ...89 ... 98 . .. 81 . .... 70 ... 96 ...100 ... 98 ...95 ...102 . . . 94 ...101 ... 9!) . .. 99 ... 99 ... 92 ... 89 ...101 ... 59 ...104 ... 98 ... 09 .. .101 ...101 ...101 .101 . . : 98 ...101 ...103 102 101 Cattl Choice steers ......$ Medium to choice steers. ..... Fair to medium steers Common to fair steers ...... Fair to good feeders Choice feeders Choice cows and heifers .... Medium jto good cows, heifers Fair to medium cows, heifers' Common cows .............. Canners .................... Bulls Choice dairy calves . Prime light calves . Medium light calves Heavy calves Hogs Prime light Smooth heavy, Smooth heavy, Koutrh heavy Stags Fat pigs Feeder pigs Sheep East of mountain lambs' Prime valley lambs ... Fair to good Cull lambs Feeder iambs Light yearlings Heavy j-earlings ...... Light wethers Heavy wethers Ewes , 250 to 300 lbs. 800 lbs. up.... 6.00 9 6 54 5.50 i 6.00 6.0O 5.50 4.00 0 6.50 4.250 4.75 4.750 8.25 5.O0 la 5.75 4.25 4 6.00 8.250 4.25 2.50S 3.25 1.75 0 2.50 2.00 0 8.50 10.50 011.00 7.000 10.O0 7.00 9 10.0O 6.50 0 7.00 10.00010.73 8.50fr 9.50 7.50' 8.50 5.O0 4i 7 50 4.00 0 7.00 10.00 0 10.75 9.50 0 10.90 6.50 0 T.23 6.00(8) 6.75 6.000 6.0O 1.50 0 3.00 1.50 0 8.00 3.500 4.00 2.50 0 3.00 2.50 0 3.00 2.500 3.50 1.00 0 8.00 sympathy with corn and ths late strength in wheat. Provisions were early Inclined to sag In sympathy with the live hogvmerket. but gained strength later when packers and commission houses bought lard. The Chicago grain letter received yes terday by the Overbeck A Cooke company of Portland follows: "Wheat There was plenty of buiusn , news overnight to give higher prices, but the market did not res-pond until late in the session. when the- better tone waa dis played in. stocks and the advance in cot ton prices attracted attention and stlrou- -lated more aggressive buying. The up turn In cotton was considered especially significant in that It was based in large part on the passage of the agricultural credit bill. It is understood that appli cations already have been made for the financing fit nearly 15.000.000 bushels of wheat for export. Other news was with out feature. Receipts at primary mar kets are keeping up very well, but meet ing a good demand -at firm prices. The northwestern movement la being delayed to some extent by a scarcity of cars in some sections, but this difficulty will be remedied quickly and receipts In that section are expected to be very large after the first of the month. Sentiment locally is quite bullish, but unless outside buying improves to a marked degreev we doubt that advances will be maintained until the Initial- movement of spring wheat la out of the way. "Corn Buying by seaboard Interests Was the outstanding feature, but prices held within a narrow range because of selling by commission houses and by cash inter ests against purchases in the country. Offerings to arrive wers reported very liberal on the early bulge. Shipping sales of 190.000 bushels Included 100.000 bushels to exporters. There seems little evidence for pronounced strength in this -market. "Oats Trade was small and the mar ket showed a lagging tendency despite the fact that" there was a better demand for spot offerings at half a cent advance in premiums. Country offerings to arrive were reported large. A large movement at .this time would be unwelcome, as the amount already in store is so large that it Is a weight on the market. " . . "Rye Liquidation in the nearby deliv ery." combined with hedging pressure, gave the market a weak tone until toward the close,- when, prices recovered with wheat. Cash was steady, with No. 2 on track selling at 2 cents under September." Leading futures ranged as follows. ' WHEAT. Open. Hih. f 1.18 $ 1.20 1.22 CORN. , . . -54 ' OATS. .84 .37 - MESS PORK. 17.20 .... LARD. 10.82" 10 95 10.80 10.90 11.05 10.90 SHORT RIBS. Sept... Dec. ... Sept... Dec.... Sept... Dec. ... Sept... Sept... Oct.... 1.19 -54 ,.54 .84 .37 Low. 1.17 L18"i. .53 ""4 .53 .33 .37 Close. 1.20 1.21 .54 .54 ,.84 .87 17.20 10.92 11.05 'Pathe hixch ange, inc.. 8 Sinking Fund Gold Bonds . Dated Sept. 1, 1921. "One Sept. 1. 1031. Denomination 1 1 000-500-1 0O. Redeemable as a Whole or In Part on Any Interest Date avt 110 and Interest Upon 60 Daya' Notice. CORPORATION! Pathe Kxchanpre, Inc. one of the oldest and rarprest motion-picture printing- and distributins; concerns in the United States, was established in 1904 on an initial investment of less than $10,000 and has grown to its present size, with assets of rtearly $8,000,000.00. moDITT AVD DISTRIBUTION i The product of this eompany Ineludes features, serials, comedy pictures and the well-known "Pathe .News." This oompanv serves every week approximately 13,000 of the 17,000 motion-picture theaters In the United States.. EARNINGS AND ASSETS: This company has net cur rent assets of $3,494,616.85, equal to 233 of the total amount of this issue, and net tangible assets applicable to these bonds of $4,153,819.95. or 277 of the amount of this issue. Net profit applicable to interest charges, after full provision for depre ciation, has been as follows: 8 years ended February ?S,1918. 13 years ended February 28, 1921. 5 years ended February 2S, 1921. A vera ire Yearly Earning:. 415.201 644.797 752.152 Nnmer of Times Interest Earned on Present Issue. 3.46 4.54 6.2S 8.91 - Sept... Oct . Cash 9.20 8.15 . Dupont 7s, 1931 97 French ext 8s. 1945 100 French 7s. 1941 96 Grand Trunk 7s. 1940 103 Goodrich 8s. 1941 101 Gulf Oil 7s. 1933 97 Great Northern 7. 1931 .(..100 Hershey 7s. 1930 - 98 Humble Oil 7s, 1923 97 Int Rap Tr ref s. 1966 55 lnt Mar CT 6s. 1941 75 Int Rap Tr 7s. 1921 78 Kennecott 7s. 1930 . 92 Libby McNeil ' A Libby 7s, 1931.... 95 Morris A Co 7s. 1930 99 Mexican Pete 8s. 1936 , 95 NYC call 7s. 1930 102 Norway 8s. 1040 108 Northwest Tel 7s, 1941 ....102 Ohio C G 7s, 1925 93 Pac Gas Elec 7s. 1925 v 78 Pan Amer 7s. 1930 88 Penna 6s, 1938 99 N P A G N (Jnt) 6s, 1938 101 N P 6s, 2047 101 San Paulo 8a, 1936 07 Southwt Tel 7s. 1925 97 Swedish Govt 0s. 1939 87 Standard Oil N Y 7s. 1925 Standard Oil N Y 7s. 1931 Steel A Tube 7s, 1951 ...... Swiss 8s. 1940 Sears Roe 7s, 1921 Sears Roe 7s. 1922 ft Sears Roe 7s. 1923 Soivay 8s, 1927 Un Tank 7s, 1930 U S-Rubber 7s. 1930 Wilson 1st 6s, 1928 .'..... West Elec 7s. 1925 Westlnghouse 7s, 1931 Zurich 8s, 1945 .100 ..105 . . 92 ..106. ..97 98 ..97 . .103 ..101 ..100 .. 81 . . 100 ..101 .. 99 Foreign Bonds. - Foreign bond quotations furnished by the Overbeck A Cooke company of Portland:, S Bid. Asked. Russian 5s. 1921 15 RuKsian 5s, 1928., Russian 6s. 1919.. 1931.. 1917. . 1920. . 1918. . 1922.. 1927. . 1929. . 1,700 70 68 200 -200 wnio 8.800 14.800 4.300 1.300 1.500 100 "i.Voo 7.200 . 1,900 400 500 "i.600 $.400 900 4.400 100 1.100 100 100 1.700 2.400 17 17 54 84 41 38 87 53 18 "ii" ' 10 6 53 24 "49" 91 11 65 20 44 81 "46 75 54 83 8S 33 88 61 18 21 9 5 " 62 24 "is" 90 11 64 20 43 81 46" 71 2. 900 60 60 17 85 63 10 27 69 15 92 70 22 50 69 1 8 17 9 8 54 33 40 35 86 52 18 26 21 9 6 52 24 71 4S 90 11 65 20 43 79 8 46 73 8 60 6 19 6 19 68 49 70 32 878 877 882 285 382 , 71 73 . 10 10 12 12 12 13 13 13 71 86 8 luu 100 '. 99 89 7 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 Untted states xunds Country Unit Austria, kronen ............ Belgium, francs Bulgaria, leva Cxecho-SIovakla, kronen ... Denmark, kroner England, pound sterling.... Finland, finmark French 5s French 4s, French 5s, Italian 5s, British 5s. British 5s. British 5s, British vky. 4s. British ref. 4st Belgium rest. 6s Belgium prem. -5s v.. German W. L.r5s..... Berlin 4s Hamburg 4s ............... Hamburg 4s Leipsig 4s Leipsig 6s ................. Munich 4s .................. Frankfort 4s Japan 4s Japan first 4a Japan second 4s... ..... Paris 6s United Kingdom 5s, 1921.. United Kingdom 5s. 1922.. United Kingdom 5s. 1929.. United Kingdom 6s. 1937.. 4 . 16 . 59 . 43 . 70 . 31 .366 .367 .352 .273 .357 . 68 . 70 . . . 10 . 11 . 10 . 11 . 11 I1 . 71 . 86 . 88 . 9 . 99 . 98 .89 B7 " Kansas City Livestock Market. aisas CITY. Aug. 25. (U. S. bureau 01 maraeis.) cattle, 3700; beef steers. uun; steady to 25c lower; yearlings and neavy steers, ID. 00: other aarlv sales. Ssia 3.50; she stock steady to weak with cows very slow; most cows, $3.3504.50; common ' meuium neuers. (405.75; good cutters. o, canners and bulls, steady most can- i-iowi; lew butcher bulls, $40 .u; caives, steady to 25o hia-her: best vealers, $9; stockers and feeders, dull; steady to 2.1i- lower; medium to good feed S00 '"i'50: " "u,ck"" early above Hogs 3200; generally 15 to 25e higher; best lights to shippers and packers $9.25; i.iS t0 -'5-Pnd weights. $8.5009; prime. 300-pound. $8.85; closing weak with few i-'oftJIUf.X-1" held over: Dullc ot O". $. 9000.25; packing sows mostly $7: stock pigs, steady; few on sale. Killing classes, steady; most . ,ewe8- 3.504; Colorado t " ' ? o--o: western lambs, $9S25; top natives, $8.90. w-. Omaha Livestock Market. OMAHA. All in a 1 -, Markets.) Hogs, 5000; order buyers and ya.r. v.1 freade furnished outlet early for suitable medium and light butchers: also om strong weight hogs. 25 035c i,." DU K better grades.- $S09; top, ..-.o; pacaers lought advance and late business was graded, steady with Wednes day . average; duik packing grades; $7 0S rough heavy sows down tn no Cattle 3000; moderate receipts and fa vorable news from outstdM c,ni,p, . -!.. h sellers in checking decline to prices that " - past tnree days. Steers and sue aioca cleared steady; best yearlings " ' u "to; ouik red steers. $8.2009.25; bulk cows and heifers, $3,500 5.00; veals, 25 to 75c higher; early top, $S.2"; stockers and feeders, steady aneep id.uou; big end run of lambs: Bienay; ouik western lambs to pacaers. I.l.ijms.Ti,; top. 19: sheen annnlv limited; market steady: feeding endu siow; uie ear iv top reed nar lambs. XT Chicago Livestock Market.. CHICAGO. Aug. 23. (U. S. BurVan of Markets.) Cattle, receipts. 6000; bulk of steers strong to unevenly hlEher: ton yearlings, siu.25; bulk beef steers. $6,500 9..0; she stock and bulls, strong to 25c nigner; ouik rat sne stock, $406; canners nd cutters mostly $2. 2503.25: bulk bo logna bulls. $3.65 0 4.25; calves. 7oc0$l higher; bulk vealers. $10.50011: stockers ana leeaere. steaay to strong. Hogs Receipts 14,000; uneven, mostly 10 to 25c nigner; Dulk of sales, $7,400 9.66; top. $0.98 early, out of line: heavv weig-hts. $8.35 09.40; medium weights, $9.23 fff-j.ia; ngnt weignts; $9.5009.75: light lights. 18.75WH.bo; heavy packing sows smooth, $7..ios; packing sows rough, $70 7.3"; pigs, iw-qw. Sheep Receipts, 24,000; native lambs steady to 25c lower, mostly steady; top, $9.50; bulk to packers early. $3.5009 culls. $505.50; fat native sheep scarce. about steady; no western Iambs or eheep sold early; one loaa ieeaer lambs early steady at $7.60. Seattle Livestock Market. 8BATTLE. Aug. 25. Cattle, staady: re ceipts. e5 prices uncnangea. Hogs steady, no receipts: prices un changed. Swift A Co. Stocks. Closing prices for Swift A Co. stocks at Chicago were reported by the Overbeck A Cooke company ox Portland as 10. lows: prices were: Wheat No. 2 red. $1.20 01.22: No. 2 naro. $1.20 01.23. corn o. 2 mixed. 65055c: No. yellow, 55 0 56c. Oats No. 2 white. 84035c: No. 8 white, 82 0 34c Kye No. 2, $1. Barley 62 066c Timothy -seed $4 98. Clover seed $13019. Pork -Nominal. Lard $10 92. Ribs $9.25 0 10.25. Primary Receipts. CHICAGO. Aug. 25. Primary reeelots Wheat. 2.275, Otlo bushels versus 1.304.000 bushels; corn. 1.604.000 bushels versus 325,000 bushels: oats. 1.113.000 bushels ver sus 1.280,000 bushels. Shipments Wheat, 1.779.000 bushels ver js i4i,000 bushels: corn. 635.000 bushels versus 190,000 bushels; oats, 531,000 bush els versus Oiv.uuo Dushels. Clearances Wheat, 419,000 bushels; bar ley, 25,000 bushels; flour, 98,000 bushels. Minneapolis Grain Market. MINNEAPOLIS. Aug. 25. Cash wheat No. 1 dark northern. $1.44 i 1.54 ; No. 2. $1.89 01.44;. No. 8. $1.38 1.89 ; No. 1 northern. $1.43 0 1.44 ; No. 2 $1.84 01.39 ; No. 8. $ 1.24 0 1.84 ; No. 1 dark hard Montana, $1.29 0 1.35 ; No. 1 hard Montana. $ 1.24 0 1.29 ; No. 1 durum, $1.12 L19: No. 8. $1.O70 1.09. Barley. 43 059c. Flax. No. 1. $1.98 92- FutureJi Wheat. September. 11.29'i: De cember, $1.29. Year ended June' 30,' 1921 1.069.4S8 s SINKTNfl FtXD AND SrnsnMPTIOX WARRANTS! A elnklne fund of 10 to be applied each year, of which at least half will be used to call bonds by lot at 110 and Interest, and one-half to purchase bonds in market up to 110 and interest. On September 1, 1931, the bonds then outstanding; will be paid at 110 and in terest. PRICE 97.50 AND INTEREST Complete Details Upon Request. "Wire Orders Collect. "Ralph Schneeloch Company MlJKICIPALiaNDnWDarVriON.rilIANm LOMBCPMENS BU1LD1MG. PORTJPOJB. OREGON. neries will operate, owing: to the slow sale for the cheaper grades of fish. A few of the Oregon coast canneries are to pack this fall, hut ft. F. Stone. manager of the Elmore Packing- com pany, which owns five coast can neries, says none of his company's plants will he operated. 1 The writing on the wall Winnipeg Grain Market.' WINNIPEG. Aug. 23. Cash No. 1 northern. $1.80; No. 2, $1.77; No 8 $1.67 No. 4, $1.48; No. S $1.31; No 6 $1.16. Oats No. 2 white," 47c: No. 8. 46c; track, 46c. Barley No. 8. 7.1 No. 4, 73 c Futures Wheat. OetoheiT $141; November, $1.38; December. $1.34. Seattle Grain Market. SEATTLE, Aug. 25. Wheat TTard white, soft white, white club. $1.11: hard red winter, soft red winter. $1.10: north- era spring, eastern red Walla, $1.08; Big Bend blueetem, $1.18. City delivery Feed corn, whole vellnw. J9; cracked corn, $41; corn feed meal.-l i; oariey, wnoie feed, $34; rolled bar ley, $36; ground barley, $38; clipped bar ley.. $41; oats, whole feed, $40; rolled oats. $42: ground oats, $42; sprouting oats, $43; wheat, recleaned feed. $45; all grain chop, $38; chick feed, $5S; chick mash. $53; egg mash, $48; scratch feed. $47; whitftt, mixed feed. $23: cocoanut meat. $27; cottonseed meal. $42; linseed oil meal, $48; soya bean meal, $56. Hay Alfalfa No. 1, $20: mixed hv. No. 1, $22; timothy. No. 1, $27; straw. $19. i . Grain at San Francises, SAN FRANCISCO. Aug. 25. Oraln Wheat, milling. $1.9002; feed. $1.9002. Barley, fead. $1.2001.30; shipping, $1,800 1.43. Oats, red feed. $1.25 01.40. Corn. white Egyptian, $2.20 02.30; red Mllo, $1.90 J2. Hay Tame oat, $10015: wild oat. tioa 12: barley. $10.12; alfalfa. $9014: stock. $8 010. Metal Market. NEW YORK, Aug. 25. Copper. Quiet: electrolytic, spot and nearby, 11 012c; later, 120 12 Vic Tin, steady; spot and nearby and fu tures. 25.75c Iron, stesdy, unchanged. Lead, .steady i spot. 4.40c Zinc, easier; East Su Louis delivery. spot. 4.14 0 4.20c Antimony, spot, 4.50c Swift A Co. Libby, McNeill A Libby. National. Leather Swift International .... 94 2 7 22 WHEAT STRONG AT FINISH OPTIONS GAIX 2 TO 2 94 CENTS IN CmOAGO MARKET. France, francs Germany, marks Greece, drachmas .... .,. .:..... . Holland, guilders Hungary, kronen Italy, lire Jugo-Slavia, kronen , Norway, kroner ................... Portugal, escudos Roumania. lei ..i. ....... Serbia, dinars Spain, pesetas Sweden, kroner ................... Switzerland, francs Cbina Hongkong, local currency., Shanghai, taels ........... Japan, yen . .'. Rate. .$.001 . .078S . .0097 . .0125 . .1730 .8.730O . .0182 . .0785 . .0125 . .0570 . .3135 . .0O32 . .0435 . .0085 1350 Steady Buying of Small Lots Takes Off Surplus Better Indus trial Demand. for Corn, ' CHICAGO, Aug. 25. A strong finish after a renerally dull start distinguished today's dealings on the Chicago board of trade. Net gains were recorded in all options, wheat advancing 2 to 2 cents, corn to cent, oats to cent and provisions from 2 to 224 cents with Naval Stores. SAVANNAH. 6a., Aug. 23. Turpentine. firm. 66c; sales, 25; receipts, 859; ship ments, eu; StOCK, OV4H-. Rosin, firm: sales. 793: receipts. 1109: shipments, 1851; stock. 73,455. Quote: B, D. E. F. $3.90; G. $4; H. $4.05; I, K, $4.16; M, $4.25; N, $4.35; WG. $5.15; WW, $5.60. FRUIT PICKER'S' PAY CUT New- Scale la Adopted by Spokane Valley Growers. SPOKANE, Wash., Aug". 25. Reduc tions in wages for fruit pickers have been agreed upon by a number of Spokane valley growers. They are expected to be adopted generally. The scale for picking ia reduced to 30 cents from 40 and 50 cents hour last year. Laborers will receive 30 cents an hour, compared with 50 cents in 1920. Packing vill be paid for at the rate of 4V4 to 5 cents a box- Last year 6 to 8 cents was paid. Sort era will receive 25 cents an hour. TNey received 40 and 45 cents -last year. Money II down J V Bonds t Now is the time to insure your future income. Start an Investment Account Earn 6 to 8 and over vhile saving. Ask as about it. SK' I I hi I L-v. Freeman, Smith & Camp Co. P-OKTLAND SAM PBAN CISCO SMUHD FLOOI Lumbermen Buildina fifth and stark WAT 70 I CONFIDENCE Confidence builds Panama Canals, brings good roads to your doors, gives schools to your boys and girls, develops industries and communities. What we need in this man's town is greater con fidence, particularly in our industries. We need more payrolls, and payrolls develop communities as noth ing else" can. Your investment in Portland industries will hasten the day of more and bigger payrolls. One of he safest and most profitable investmenU that we've known in many a day is the preferred stock now being offered by the Multnomah Lumber & Box Company. The response has been surprising. Many individuals have already subscribed. Investigate today let us tell you all about it EK.CLAR&and CQMESKK Investment Securities WllrCOX RLDG, 1-OHTI.AXO San FrnnrlKro Taeoma Spokane - Wallat "Walla lard the leader and ribs lagging. n'-t I There was little activity fn the !l312 ' """heat market, fears that the new Ca .2200 .1715 .50R0 .7000 .4875 NEW YORK, Aug. 25. Exchange Irregular; sterling, demand $3.70fc. cables $3.707fe; francs .demand 7.80t. cables 7.81; Belgian francs, demand 7.55 H. cables 7.56; guilders, demand 31.19, cables 81.23; lire, demand 4.30, cables 4.80; marks, de mand 1.19, cables 1.19V4; Greece, demand 6.57: Sweden, demand 21.75: Norway, de mand 18.35; Argentine, demand 30 25; Brazilian, demand 11.87; Montreal, per cent discount. Tincher law might restrict futures serving to offset tha early Capper trading In signing of the war .finance bill with us provisions for agricultural export loana A factor was an early stagnation In export trade, when sellers asked hi cent more than the seaboard was willing to pay for shipments via Buffalo and Georgian bay portaLater timidity of buyers over the Capper--rincher law was overcome and there was con siderable buying of small lota Corn showed a strong undertone, be cause ot the cash situation, the industrial demand in the sample market being good and bids to arrive on 30 days' shipments advancing cent. Oats ware dull but bald Weil la SPRING FISHING CLOSES rail Salmon Season to Open at Xooa September 10. "AsftmiA, Or., Aug-. 25. (Special.) The "spring" fishing- season on the Columbia river came to & close at noon today. The fall season will open at noon September 10, but It Is doubtful at the present time If any of the local can- HERRIN & RHODES, Inc. Estabrisbed 1896. BROKERS New York Stocks. Bonds. Grain. Cotton. Private Wires. Members Chicago Board of Trade. 201-8 Railway Exchange Bids. Xeleon ilaia 2o3-2oi. THE HUMAN ELEMENT The human element must be reckoned with in laying: roads as In everything else. That is just where Warren Brothers Com pany INSPECTION and Warren Brothers Company SERVICE count in the laying- of Warren ite Bltulithic It is to the Road building Industry what L.ife In surance Is to an individual. The correct formula in construction ML'ST be used a formula that differs In nearly every case in order to meet the peculiar condi tions at hand. Result? The tax payer is assured of the right kind of road made right. FOR SALE ABOUT 702 SACKS OF WHEAT more' or less damaged by f resh water, now lying at Municipal Dock No. 4. Sealed bids will be received by Henry Hewett & Co, 206 Lewis building;, Monday, Au gust 29, 1921, at 10 A. M., for the lot as it lies, Irrespective of weight or number of sacks. Right reserved to reject any and all bids. I Western Bond & Mortgage Co. Bay swtd Sell Investment Securities United States Liberty Bond issues. State, County, City, School and Foreign bonds, also First Mortgages on improved city and farm property. K.lat of Current Offerings Upon Itequest Western Bond & Mortgage Co. Ground KL. Board Trade Bldar. MAIN 113. SO FOUKTH 1ST. Cg.scara Bark Hide. Wool. Pelts, Mohair. We Are In the Market. Write for Prices and Shipping Tags. PORTTANT TTTTtK & WOOT, CO.. GF.OROE M. SULLIVAN. Manager. 107 In Ion Ave. N- Portland. Or.