21
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.