Morning Oregonian. (Portland, Or.) 1861-1937, September 01, 1921, Image 21

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Morning Oregonian., September 01, 1921, Page 21, Image 21

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Newspaper Page TextSI, THE MORNING OREGONIAN, THURSDAY, SEPTEMBER 1, 1921 AGAIN DECLINING Ten-Cent Drop in All Refined Grades Announced. EASTERN LISTS UNIFORM Authority In Sugar Trade Believes Big Break in Prices Is Coming;. World Surplus Heavy. A decline of 10 cents a hundred in re fined sugar, announced by the California, refiners yesterday and at once reflected here, came as a surprise to the grocery trade, as telegrams from New York the day before Indicated a somewhat firmer market. The new price, which originated In the eastern markets yesterday, was a readjustment of the prices of the various seller to a uniform basis of 13.80 a hun dred at New York. The San Francisco refinery quotation is $6.30 snd the local jobbing price on cane granulated $6.95. The bubble In the sugar market will burst soon, predicts the Federal Sugar Refining company in Us weekly review of the sugar situation, and while prices may stay at or near present levels tem porarily. It says a break may be expected with unforetcllable results. "Buyers will find It advantageous td stay close to shore," advises the Federal review, calling attention to the huge stocks which will soon be pressing on the market. Only 46 per cent of this year's crop has been so far shipped from Cuba, as com pared with 82 per cent at the correspond ing date last year, according to the Fed eral statistician Of the 1920-1921 crop, up to the present, only 1.765.833 tons of the estimated total of 8.850,000 has been sported. At this time last year the shipments totaled 3,065,174 tons out of (.728.973 ton a Cuban legislators are severely attack raff the sugar finance commission, ex pressing the prevailing belief that there ts a movement In progress to extend the. commission's control to the coming crop. It la demanded that the planters be al lowed to dispose of their crops freely by abolishing the commission. Added to the local situation la the concern of the Island about the tariff legislation In the United States. Cuban feeling Is strong that the Island not now receiving the benefits Intended In the reciprocity treaty between the two countriea The Federal correspondents in Europe report good weather for the growing beet crops, favorable rains prevailing In Prance and in central, southern and eastern Germany. NEW YORK. Ang. 31. Raw sugar, 4.61o to 4.86c; refined, 5.90c. GRAIN HARVEST IS WELL ADVANCED Prunes Are Approaching Maturity In the Wanner Sections of State. Farm work progressed without Interrup tion, irrigated crops made rapid advance and in many place late unirrigated crops are doing better than was expected, says the weekly- crop summary of the Oregon weather bureau. Some winter wheat remains to be bar vested and a considerable acreage of spring wheat Is yet to we harvested In the more elevated districts. Threshing Is well advanced. Irrigated corn Is begin ning (a rlnn in eafttprn counties. TTnlrrl- gated corn Is suffering from drought In most sections, , Picking -and shipping of pears-continues; Peaches are fairly plentiful in some sec tions. Apples are generally doing welL Prunes are approaching maturity in the warmer sections. Evergreen blackberries are plentiful and canning ts In progress. Cutting of the second crop of alfalfa Is In progress In the high Interior counties. The third crop is doing well In eastern and northern counties. Harvest, of doverseed Is under way. Mountain pasturage Is hold ing out unusually well and stock Is In good condition. Irrigated potatoes are being marketed In large quantities In Malheur county. The very late plantings of potatoes on unirri gated ground in western counties are still green and will probably continue so until the fallrains begin.- All except the late plantings are mature. Watermelons and cantaloupes are plentiful. - Shipment of tomatoes In car lots is being made from DougJas county. Hops have - been injured by the continued dry- weather. Picking of bops has begun. Improved the outlook for fodder and po tatoes. Yields of wheat and rye are good and rather above expectations. Coarse grains are only moderate cropa . . - India Outlook for food grain harvest and also the new wheat and linseed sow ings can be considered favorable. Danubian-Balkans The corn crop in this region suffered severely from drouth. United Kingdom Trade Is slow with buyers nervous, owing to the recent de clines in pricea Australia and Argentina continue to offer only limited quantities Native wheat supnlies are Increasing, mostly good supplies are selling at 66 shillings to 68 shillings per 504 pounda Prices of wheat in India remain very high and are causing some anxiety in that country. Botterfat Price Advanced. The buying price of butterfat, because of its scarcity, has been advanced by one of the local creameries to 47 cents for top grade. Cube butter was In limited supply and firm. Extras were worth 43 cents. Prints were unchanged. .The egg market was slow and former prices were quoted. Poultry receipts were of falr'aixe and large hens were weaker at 25 cents. Coun try dressed meats were slow. S F RECOVERIES XX STOCK IIST PARTTAIiLY OAXCEIED. Shorts Extend Commitments 'With Stronger 3Ioney Rates'; Improve ment in Foreign Exchange. Crawford Peaches Are Scarce. Crawford peaches are becoming scarce In the market and there was not much avail able yesterday except Yakima Elbertas, two cars of which arrived and sold at $1.25 1.50 according to size and quality. Two cars of Yakima and one car of Cali fornia cantaloupes were received, also two cars of melons and one of grapes from the south. Bank Clearings. Bank clearings of the northwestern cities yesterday were as xouows: Clearings. Balancea Portland ........... .$t.8"5.80l 11,2:15.690 Seattle 3.U:13.306 51 0, 409 Tacome 474.i44 tsr.N4 Spokane l,aB,811 560,213 PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc Merchants' Exchange, noon session: Bid Wheat 6ept. Oct. Hard white .............. ...1 1.13 WHEAT PRICE LOST IS RECOVERED Bids at Loral Exchange Are Ruised One to Two Cents. Wheat recovered a good part of Us loss yesterday. The market here was firmer with the east and bids were raised at the Merchants Exchange, hard white gaining 2 cents and all other grades except red Walla 1 cent. The coarse grains were steady and un changed, except No. 2 corn, which was 50 cents higher on bid. The crop report of the Price Current says: '"Condition of corn ranges from 85 per cent in Nebraska to 100 per cent in Iowa and 96 per cent in Illinois. Per centage of oats marketed direct from ma chines is 31 per cent. Inasmuch as about 85 per cent of the oats crop leaves the farm. It would seem that the surplus- of eats has been largely marketed direct from machines. Percentage of ' wheat mar keted ranges from 51 per cent In Nebraska to 80 per cent in Illinois." Terminal receipts. In, cars, were reported by the Merchants Exchange as follows: Portland- Wednesday .... Year ago . . . . Season to date.. Year ago .... " Tacoma Tuesday ....... Year ago Season to date.. Year ago Seattle Tuesday ....... Year 'ago Season to date.. Year ago Wheat. L.4r.Flr.Oats.Hay. . 84 .... 6 13 4 42 1 .... 2 1 6016 65 404 18 220 2531 23 131 102 201 70 .. S ... 4 20 . . 4 . . . 4 1774 48 198 20 72 503 14 177 13 131 74 .. C 6 2 39 1 -. 8 93B 26 322 55 255 8!I8 59 67 4 351 Soft White :.. 1.11 White club 1.11 (Hard winter 1.10 Northern spring ........... 1.10 Red Walla 1.06 Oats No. 2 white feed No. 2 gray Barley Brewing , Standard feed . Corn No. 2 E. Y. shipment.... 24.00 23.00 25 00 22.00 $ 1.12 1.10 1.10 1.10 1.08 1.06 24.0ft 23.00 25.00 22.00 I 28.50 28.00 FLOUR Family patents. $7.80 per bar rel: whole wheat, $6.20; graham, $6.00: bakers' hard wheat, $7.25; bakers' blue stem patents. $6.75; valley bakers, $4.00; timothy. $18$18.50. MILLFEED Price f. o. b. mill; Mill run. $24 per ton; rolled barley. J3436; rolled oats. $35; scratch feed, $47 per ton CORN .Whole, $36; cracked, $39 per ton. ' HAY Buying price o. b Portland, alfalfa. $15 per ton; cheat. $12012.50: eat and vetch, I1313.3U: clover, $10; valley timothy, $15015.50; eastern Oregon, timothy, $1818.60. Dairy and Country Produce. BUTTER Cubes, extras, 4243o lb.; prints, parchment wrapped, box lots, 46c; cartons, 47c Butterfat. buying prices: No. 1 grade. 47c delivered Portland. EGGS Case count, 80c; candled ranch, S2 34c; selects, 85 36c CHEESE Tillamook triplets.' prlea to Jobbers, f. o. b. Tillamook. 24c; Young Americas, 25c pound. POULTRY Hens, 1725c lb.; springs, t728c; ducks, 222Sc; geese, nominal; turkeys, nominal. PORK Fancy, 15c pound. VEAL Fancy, 16o per pound Fruits and Vegetables. FRUITS Valencia oranges, $4.50 1.75 per box; lemons. $6.750 7.50; grapefruit. $6.50 box; bananas, 809c pound; apples. $1.2503 box; cantaloupes, 75c 0 $2.25 crate; peaches. $101.50 box: wa termelons, lliilic pound; plums, 85c 0 $1.25 box; pears, $1.5002 box; blackber ries $1.50 per crate; huckleberries, 170 -uu puuna; grapes, ttffa.za per crate. vtttwuaB, (ir. per pouna. POTATOES Oreiron. 1 tL e ?n nnunri Yakima, 202&c pound; sweet potatoes, vV iJ,3a pounu. ' ONIONS Yellow, $2.7508.00 per sack. VEGETABLES Cabbage. 405c lb. lettuce. 12.7503.25 crate: carrot t2 AD per uc, game, i(f:oo per pound; beets. f..uv per dux; cucumoers. iO0ioc per box beans, 709c per pound: Krecn corn soft 35c per dozen: celery, 9Oc0$1.25 dozen eSKDiant. SGltlUC Dnund: tnm.tn.. ur.ii 90c box; green peppers, 8c pound; peas, AU7SWAI73V llUUno. Staple Groceries. Local jobbing quotations: bUUAK (sack basis) Cane, rranulatad. o. uju yuunu, urr i, o. loc pouna. N UTa Walnuts, 20025c Daund: Brazil nuts, isia.'uc; iimerts. lo4i,17c: almnnn. 24 0 30c; peanuts, 8011o pound. K1CE Blue Kose, 6c per pound: Janan lyie, avt)MG per pouna. JSA-) bmall wnile. 4. 90s: Dink. SUe lima, 7-&c; red, 10c per pound COFFEE Koasteu. bulk, in drums. 14 a SALT Granulated, barrel. $3.20 0 4 OS halt ground, ton Sua, $17.23; loua, $16.25 lump rock, $26.50. HONEY Comb, new crop, $7.50 per case. uaiau rnuiia uaies. nsr box: Ilgs. o..a per dox. Provisions. HAMS All sizes. 37 039c: skinned. 14 41c; picnic, 20021c; cottage roll. 25c. BACON fancy, 47 0 52c: choice. 12S oil;, aiuuuftru, .oiy.uu. LARD Pure, .tierces, 16c pound: com pound, tierces, 12 toe. 6ALi Mac. 22025c; plates, 16c. Hides, lions. Etc. TALLOW AO. i. 4c; ISO. 2. 2(3SUo per pouna. uasuaha ijARtt Five cents a nound delivered Portland. HOPS ltMU crop, 18 0 20c per pound contracts, 2b0JUc per pound. Hli)E& ftrefih cured, 4c per pound: calf. UV1.U per puuuu, aip, oc per pound. - wl new cup, xqyic per pound. MOHAIR New clip, 16c per Bound, da- livered Portland. NEW YORK. Aug. 31. The stock mar ket today forfeited a considerable part of its recent substantial recovery. This was attributed to the absence of new construc tive forces, which, provoked a renewal of bearish aggressions. Contrary to promises held out yesterday. the money market developed greater firm ness. The official rate for call loans opened at 5 per cent and this was in creased to ett per .cent in the final hour. There also was a distinct contraction of time funds, although those rates were unaltered. Additional July statements of railroad earnings were mainly favorable, but in vestment transportation were unresponsive. especially the Hill group and leading coal ers. Other deterrent factors included a survey of general business conditions. which Indicated stabilization of prices was still in pro; ress, especially as applying to the steel Industry. Earlv stock market prices were Irregu lar. Later dealings were characterized by the erratic fluctuations of Mexican retro leum, which finally closed at a slight re cension, and the strength of Studebaker. United States Steel and independent shares of that class, as well as equip ments, secondary motors, shippings, cop pers and many speculative issues of in definite description, registered Irregular net declines. Sales were 535.000 shares. Buying of British and French bills to cover September maturities, as well as speculative accounts, impartea variaoic rrenirth to foreiam exchanges. Demand sterling was 4V cents above its recent low and guilders again was ranspiiiuuimi strong. . Liberty bonds were firmer and trading in bonds, almost as whole, widening with re in aonia of the local tractiona Various convertibles rose from large frac tions to Its points. oaiea, par $9,700,000. CLOSING STOCK QUOTATIONS. (Furnished by Overbade & Cooke com pany, Portland. ) Advance Rum. do pid ..... Agr Chem ... do prd AJax Rubber.. Alaska Gold.. Alaska Juneau Allied Chem.. Allls Chal.... Am Best Sug. Am Bosch -. Am Can Co. .. do Did Am Car & f Sloss Ehef K Pan . So Ry do pfd St T. a a TP j Strom Carb Studebaker . Swift & Co... Tenn C & C. Texas Oil ... Texas Pac . . Tex P C & O. Tob Prod . . . Tr Contl Oil.. Union Oil Del Union Pac ... United Alloy.. United Drug.. Untd Fd Prod United Fruit.. Utd Rds N J. do pfd Utd Rtl Stores U S Ind Al... U S Rubber... do pfd U S Smelting. U S Steel..... do pfd Utah. Cop .... Va Chem do pfd . ... . Van Steel ... Vivandou .... Wabash ..... do A pfd... do B pfd... Wells Fargo.. West Pac .... do pfd West Union... Westh E 4 M. West Md White Motors. Wlllys-Ovld .. do pfd ..... Wilson Pack.. Wis Central.. Woolworth Worth Pump. W & L E Sales. High. Low. 700 200 100 100 " Yoo 1.500 Voo 2,400 29 & 53 21 81 26 28 62 21 87"" 31 'si" 25 800 124 124 Bid. 11 36 28 81 19 1 86 80 27 81 26 80 124 - ' 100 . 2.900 . 6,000 . 3,500 . 2,400 100 . 80,700 '. "Voo . 1,600 1.200 6,400 1,700 1.200 2,200 1,200 "i.'soo 1,600 2,300 "Vo'6 4,300 2.1O0. 6,600 700 ii.'s'oo 700 4,000 300 200 3.100 200 1,500 7 20 48 23 28 73 ..... 85 23 17 61 6 18 121 "si" 17 105 'ii" 62 47 45 83 "75 109 46 26 68 29 19 44 22 28 69 84 23 17 60 . 6 17 121 . '47 16 104 "ii" 61 44 44 82 '74 109 45 25 6S 28 6 21 ' 20 200 22 22 100 1,700 200 500 1,100 900 300 300 200 83 44 "33" 6' 28 110. 83 43 '32 5 26 109 "'s CS 2s reg.... do coupon ..'100 "4 V S 4s reg 104 do coupon ..104a Pan 3s reg 751,fe do coupon . ..75 A T & T cv 6S.100 Atch gen 4s 77 8 BONDS. 100'AN Y C deb s. X P 4s N P Ss Pac TAT 5s. Pa con 414s.. S P cv 5s So Ry 5s U P 4s D & R G con 4s 65U S Steel 5s. 33 75 19 46 22 28 72 95 7 84 23 J7 60 . 17 121 23 47 16 103 7 17 51 44 44 82 27 74 109 45 25 68 28 6 7 20 13 55 22 59 82 43 9 82 5 26 81 25 109 34 8 92 76 56 84 88 94 84 81 94 Bid. Liberty Bond Quotations. Range of liberty bond Quotations fur nished by the Overbeck & Cooke company oi roruana: Liberty, 8s , Liberty, 1st 4s , Liberty, 2d 4a Liberty. 1st 4s Liberty, 2d 4is Liberty, 8d 4 (is Liberty, 4th 4s victory, s ... High. Low. Close. .87.70 $7.40 87.46 .... 87.74 87.82 87.82 87.90 87.80 87.60 91.86 91.90 87.90 87.90 98.84 98.90 Vnpvav Icrnn.p Portugal, escudos 70S!! Roumania, lei '. -01;6 Serbia, dinara .9-85 Spain, pesetas .1316 Sweden, kroner .2185 Switzerland, francs .......... .1716 China Hongkong, local currency .5050 Shanghai, taels 70O0 Japan, yen .4875 NEW YORK, Aug-!!. Exchange irreg ular. Sterling, demand, 3.72; cables, 8.73. Francs, demand. 7.85; cables, 7.86. Belgian francs, demand. 7.61: ca bles, 7.62. Guilders, demand, 31.72: ca bles, 31.78. Lire, demand. 4.41: cables. 4.42. Marks, demand. 1.15: cables. 1.18. Greece, demand, 5.63: Sweden, demand, 21.63; Norway, demand, 13.60: Argentine, demand, 29.75: Brazilian, demand, 12.00. Montreal, 8 13-16 per cent discount. Sterling eased in the late dealings; de mand, 3.72; cables. 3.72. Foreign Bonds. Foreign bond quotations furnished by the Overbeck & Cooke company of Portland: Bid. Ask. 19 6 19 64 72 50 83 875 875 aim 287 2B7 an 73 9 11 11 12 12 13 12 14 13 72 88 86 100 100 98 89 88 .1882 board connections and this market showed a firm tone. Cash rye was steady at i cent under September for No. 2 on track. Leading futures ranged as follows: WHEAT, i-kn.n TTfirh. ' Low. Close. i i.-i-Js a.io- ; 1.23 . 1.20 1.22 Sept... $ 1.19 Dec... 1.20 17 .. 4 .. 17 .. 62 .. 72 .. 50 ..32 ..870 ..363 .3r.6 Russian 5s, 1921 .... Russian 5s, 1926 .... Russian 6s. 1919 .... French 5s, 1931 French 4s. 1917 French 5s, 1920 Italian 5a. 1918 British 5s, 1922 British 5s, 1027 British 5s. 1!29 British vky 4s ...277 British rer 4s 252 Belgium rest 5s 67 Belgium prem 5s 70 German W. L. 5s 9 Berlin 4s 10 Hamburg 4s 10 Hamburg 4s 11 Leipsig 4s 11 Leipsig 5s 12 Munich 4s 11 Munich 5s Frankfort 4s ... Jap 4s Jap 1st 4e Jap 2d 4a .... Paris sixes .. U K 5s, 1931 .. TJ K 5s, 1922 .. U K 6s, 1929 .. U K 5s, 1937 .. 13 11 72 86 88 99 99 98 89 87 87.94 87.86 91.94 88.04 .98.94 do pfd 18 Am Cot Oil do nfd ..... Am Drug Syn. . Am Hide L. . do pfd Am Ice . . 400 100 18 17 BUTTER WITHDRAWN FROM STORAGE Present Stocks Show Decrease of 73,707 Pounds Since Last Week. In the last week. 73.707. pounds of butter were withdrawn from storage In this city. Present stocks are 3C9.637 pounds less than beld a year ago. Local egg -holdings were reduced 697 cases In the last week. Stor age holdings of dairy and poultry products at Portland and Seattle compare as fol low! AT Portland This week. Last week. Last year. Butter, lbs 3fl3.e4 3.i,3;i Cheese, ids.. Eggs, cases, pcuitry, lbs. At Seattle Butter, HS....357.78S Cheese, lbs.... 118.1:15 Eggs, eases... 3o.t!;K Poultry, lbs.. .ito.whJ WHEAT . .207.4.13 4U...14 61,352 180.777 50.211 74.758 4fl0.fr 212.753 30,943 109.324 673,301 1X3.031 40.473 122,979 1,120.247 514.629 . 32611 88,654 IS ABOVE EXPECTATIONS Crops In Western Europe Are Good; Coarse . Grains Moderate. Crop conditions In Europe are cabled by Broomhall as follows: Western ' Europe Ratne iave greatly ARK YOU LOOKING FOR A DE PENDABLE PRODUCE DEALER f Veal Butter Pork Cheese Poultry Eggs Honey - Any Product Get oar pricea RUBY CO.. 1W Front St. Portland. Or. Sixteen Years' Reliability. 1 Oils. LINSEED OIL Raw. In barrels. 11.02 J-gallon cans, $1.17. Boiled, In barrels. S1.U4; b-gaiion cans, si.av. TORUNTiNJi: in drums, 92c: 6-x-allon cans, si.ui. WHIThi LEAH 100-pound kegs. 12e per pouna. i- 1 1 i i -1 r t... i. i . . v.. .ana uu txva ur- rels, 17 c; cases, 30 0370. GASOLINE Tank wagons and Iron bar rels, 2tfc; cases, 88 c SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO. Aur 31. Pmiltrv Young chickens. S23ic; staggy roosters. 20 0 25c; old roosters, 15018c: hens. 250 37c; ducks. 25c; geese. 30c; turkeys, live. 35c; dressed. 45c: Belgian hares. live, 15c; dressed. 18 0 20c; squabs, fancy. 40c. Vegetables Squash, 4O06Tc; potatoes, $2.1503; onions, $202.25; tomatoes. $1.50 02; bell peppers. 806c; beans, 506c; lima, 708c; Italian. 507c; carrots. $1 sack; eggplant, 305c; corn, $2.50 0 3 sack; sweet potatoes, 3 04c: lettuce, $1.25 crate; celery, $4 04.50 crate. Fruit Oranges, $405.50; lemons. $4 5.50; lemonettes, $203.50: grapefruit. $4 0 5; apples, $102.50; strawberries, $1,200 1.40 per crate; blackberries, 30040c drawer; huckleberries, 12015c per pound; rasp, berries, 60 0 75c drawer; peaches, $2 0 2.7ft per lus; cantaloupes, standards, 7uc; ponies, 50e: flats, 40060c; figs, double layer, $1.2501.59; plums. 75c0$1.23 crate; watermelons. 0 Sic pound; grapes, seed less, $1. "501. 50; other varieties, $1,250 2.25; pears, $1.50 0 3.50. Receipts Flour, 2309 quarters; wheat, 4800 centals; barley, 870.295 centals; oats, 1386 centals; beans, 2125 sacks; potatoes. 8437 sacks; onions, 3845 sacks; hay, 260 tons: livestock, 874 head. Coffee Futures Advance. NEW YORK, Aug. 31. After opening at an advance of one to five points, the mar ket for coffee futures eased off slightly. The more active positions sold 10 to 17 points net higher during the afternoon, with December touching 7.23c December closed at 7.20c. with the general market closing at a net advance of 11 to 15 points. Sales were estimated at about 34.000 bags. September. 6.85c; October, 6.96c: December, 7.20c; January. 7.83c; March, 7.58c; May, 7.76; July, 7.93c Spot coffee was reported firm at 7e for Rio 7s and 10 o to 11 c for San tos 4s. London Wool Sales. LONDON, .tug. 81. At the wool auc tion sales today 10,990 bales were offered all of It government wool. There was keen competition. The bulk of the offer ings sold at lull opening quotations. Am Intl Corp. 10.600 30 28 I Am Linseed... 1.900 20 19 do pfd Am Loco 1.800 86 84 do pfd Am Saf Razor 200 Am Ship 4 C. 800 6 6 Am Smelter... 1.000 84 S3 do pfd Am Steel Fdy. 2,500 23 28 Am Sugar 61 59 do pfd Am Sumatra.. 12,400 42 40 Am T & T.... 1,200 106 105 Am Tob 0 122 121 do B 1,200 120 120 Am Wool .... 4.100 70 69 do pfd Am Ziinc 200 7 7 Anaconda .... 1,600 85 84 Assd Oil Atchison 2,300 . 85 85 do pfd 800 80 80 Atl Q & W I. 10,900 25 28 Bald Loco ... 10,300 77 75 do pfd Balto A Ohio. 4,200 38 37 do pfd Booth Fish B R T 800 9 Butte & Sup '. Caddo Oil ... 700 9 9 Cal Pack .... 200 62 62 Cal Pet 1.100 35 84 do pfd 100 Can Pac 2.900 115 114 Cen Leather.. 3,800 28 27 Cerro de P... 400 25 25 Chand Motor. 4.800 45 43 Chi & N W... 900 66 64 Chi Gt West.. 200 7 7 do pfd 100 Chili Cop 800 9 9 Chlno .... 500 22 22 C M St P 1.S00 26 25 do pfd 2,000 39 3S Coco Cola 1.200 84 34 C & O 2,000 55 53 Colo F A I 100 24 24 Colo Southern 300 Col Graph ... 2,300 8 3 Con Gas 900 86 85 CostI Can Contl Candy.. 400 Corn Prod .... 1.400 68 67 do pfd 100 Cosden Oil ... 2.100 25 24 C R I & P.... 12,000 33 32 do A pfd do B.pfd... 200 64 64 Crucible 5,000 57 55 do pfd ..... - Cuba Cane ... 400 8 8 do pfd 900 19 in ib Am Sug.. 500 13 . 12 Del & Hudson 500 100 99 Dome Mines.. D A R G do pfd. Endt Johnson. Erie do 1st pfd, .. do 2d pfd. .. Fam Players.. Fed M & Sm. do pfd Flsk Tire .... Gaston Wms.. Gen Cigars .. Gen Elec . .. . Gen Motors... do 6s Gen Asphalt... Goodrich Goodyear .... Gran by Gt Nor Ore. .. do pfd Greene Can... Gulf S Steel.. Ha.sk Barker. Houston Oil.. Inspiration ... Int Agr Corp. do pfd Interboro .... do pfd Intr Callahan. Int Harv .... do Pfd Int Mer Mar.. do pfd Int Nickel ... Int Paper ... do pfd Invin Oil .... Island Oil ... Jewel Tea . . . K C Southern. S.30O do nfd 1.200 Kelly-Sjgfld . 14.9O0 Kennecott . . . -600 Keystone Tire 1,400 Lack Steel ... 300 Lee Tire 100 Ihlch Valley. 300 Lorlllard -. 142 Lowe Theaters 600 12 11 12 L & N 4IIU ius ios Mex Pet 47,600 102 98 Miami 400 19 19 Mid States Oil S.OOO 11 11 500 23 23 1,100 200 2.30O 200 14,000 1,200 11.700 4,800 ' 9,000 100 Vo'6 500 2.500 300 400 500 700 100 2.400 1,600 21 K 2,900 "Voo 1,600 900 2,200 Voo 1.100 80 13 19 Mi 13 56 124 10 ' 31 '16 29 73 56 45 32 2 7 8 10 43 12 45 "8 2 '25 51 40 18 12 88 23 51 59 13 1S 13 53 122 9 '43 31 'lO 28 72 66 44 32 2 7 8 74 "6 41 12 43 "8 2 '24 50 . 38 17 12 88 25 01 17 39 4 10 48 53 29 19 41 84 102 8 6 S3 65 23 59 8 42 105 120 119 t9 96 7 34 96 85 80 23 75 95 37 50 3 9 11 9 82 34 72 113 27 25 43 64 7 16 9 21 25 38 84 54 23 36 3 86 36 '67 100 24 32 7 3 bi 79 8 19 12 99 17 1 59 13 18 13 55 5 Victory, 3s 98.94 98.90 98.U0 Mining Socks at Boston. BOSTON, Aug. 31. Closing quotations: Allouez ...... Ariz Com . ... Calu & Ariz.. Calu & Hecla. Centennial ... Cop Range . . East Butte .. Franklin Isle Royalle . . Lake Copper.. 17 iMohawk 7 ..North Butte 46 oid Dom . 222 lOsceola .... 7 Qulncy .... .31 Superior . . . 46 8 21 22 34 7,Sup & Boston.. 1 j-!utan uio a 17 I Winona 48 2 IWolverine 11 Swift A Co. Stocks, Closing prices for Swift & Co. stocks at Chicago were reported by the Overbeck & Cooke company of Portland as follows Swift & Co 95 LjIDDy, ALOSU A l.lDDy 8 National Leather w 7 Swift International 22 Money. Silver. Etc. NEW YORK, Aug. 81. Prime mercantile paper, 66c. Time loans, steady; 60 days, 90 days and six. months. 5 06 per cent, uau money, nriaer high, offered at low. ruling rate, clos- 09c; foreign, and last loan. 5 lne bid. 5. Bar silver, domestic. 62 e. Mexican dollars, 47 c. LONDON, Aug. 81. Bar sliver. 37d per ounce. Money, 8 per cent. Dlscouut rates, snort bills. 4 per cent. New York Bonds. New York bond quotations furnished by iiai . in (X. nnuuca, aiiw., u. wfbmuu. Am. Tob 7s, 1923 101 Anaconda 7s B, 1929 Anaconda 6s A, 1929 Armour cv 7s, 1930........... Armour 4s. 193U Argentine GI 5s. 104 Am Ag Chm 76s, 1041 Beth Steel 7s, 1922 Beth steel 7s, 1923 Beth Steel Ea 7s. 19.15 Belgium Ext 7s, 1945....... Belgium 6s, 1925 Belgium Ss, 1940 Bergen os, City oi, HHj Berne 8a City of, 1945 Brazil he, 1941 Canadian os, 1926.... 9 84 122 10 63 43 30 10 16 2S 72 20 82 55 45 82 6 84 2 7 8 74 100 8 42 12 43 75 8 2 10 24 50 38 17 12 3S 24 Mldv Steel M K & T do pfd Mcnt Power... Mont Ward... Mo Pac do pid M St P ASSM M & St L Nat Biscuit... Nat Enamel.. Nat Lead ... Nev Con New Haven... Nor & west. .. Nor Pac ... . .. Nov Sco Steel. N Y Air Brake N Y Central.. Okla Prod ref. Ont Silver . . .. Ont West... Otis Steel Pao G A E. .. Pac Oil Pan Am Pet. . do B Penna ....... Peo Gas ..... Pere Marq ... Phila Co .... Pure Oil Pierce Arrow. Pierce Oil Pitts Coal ... Pitts A W Va. do pfd Pr 8teel Car.. Pullman Hnv Con ..... Reading 8,300 Remington ReDlo Steel .. 700 Rep I A S.... 900 ao Pta luu Ren Motors... ...... Ryl Dutch Oil. 1,200 Ry Steel Spg. Saxon Motors. Sears Roebuck Shattuck Ariz Shell T A T.. Sinclair Sland OU Cal. 100 100 1.100 2.200 200 1,500 100 "Voo 100 1,400 ' 300 " 100 "Voo 1.800 7.400 2.3110 . 1.100 1,300 2,100 700 1.700 9,000 8O0 100 800 100 300 1.500 Mil 400 300 8,700 100 800 6,500 800 1 19 18 38 37 "io "io "S3" '32 73 73 "l5 "15 Canadian 5s. 19ol Can Nat Eq 7s, 1935... Chicago N-W 7s. 19o0. . C M & St P gn and rf 4s A. 2014 Can Nor 7a. 1940 Chile Ss. 1941 j. Christiana bs. City 01, 1945. . Copper Exp 8s. 1922 Copper Exip 8s, 1923 Copper Exp &s, 1924...' Copper Exd S. 1925 Cuban Amer Sugas 8s. 1031. Con Gas cv 7s. 1925 Dia Match 7s.. 1IKU Denmark 8s. 194o Danish Mun 8s. 1IH5 Dupont 7s. 1931 French ext 8s, 1945 French 7s. 1941.. Grand Trunk 7s. 1940 Goodrich 8s, 1941 Gulf Oil 7s. 1933 Great Northern 7k. 193U..... Hershey 7s. 19::0 Humble Oil 7s. 1923 Int Ray Tr ref as. 1968- Int Mar CT 6s. 1941 Int Rap Tr 7s, 1921 Kennecott 7s, 1930 Morris A Co 7s, 19.10 Mexican Pete 8s, 1936 X Y C call 7s. 1030 Norway 8s. 1940 Northwest Tel 7s. 1941 Ohio C G 7s, 1925 Pan Amer 7s, 1930 Penna s, 19;:6 N P A G X (Jnt) 6s, 1936. X P 6.1, 2047 San Paulo 8s. 19,'iR Southwt Tel 7s. 1925 Swedish Govt Hs. 19;i9 Standard Oil, N Y 7s. 1925... Standard Oil, N Y 7s, 1931... Steel A Tube 7s, 1951 Swiss 8s, 1940 Sears Roe 7s, 1922 Sears Roe 7s. 1923 Solvay 8s, 1927 Swift A Co 7s. 1923 , Un Tank 7s, 1930 U S Rubber 7s. 1930 , Wilson 1st 6s. 1928 West Elec 7s, 1925 , Westinghouse 7s, 1931..,....., Zurich Ss. 1945 93 88 97 .. 82 .. 09 .. a-, . . 99 .. S .. 95 ..102 .. 94 ..101 . . 99 '4 . . 9! .. 99 .. 93 . . 89 ..101 103 . 09 U .103 .... 98 ....100 100 .-..100 ....101 101 98 101 103 ....102U 101 .... 98 'A 100 90 10:i 101 9S 101 90 97 .... 51 QUOTATIONS ON DATRY PRODUCE Market Prices Ruling on Butter, Cheese and Eggs. SAN FRANCISCO. Aug. 31. Butter Extra choice, 47c; prime firsts. 45c Eggs Extras, 4oc; extra firsts, 42c; extra pullets, 3ic; extra pullets, firsts, 36c; undersized pullets. No. 1, 26c; No. z, .uc. Cheese California flats, fancy, 21ci California flats, firsts. 19c; California Young America, firsts, 25c KBW YORK, Aug. 31. Butter Steady. Creamery, higher than extras, 41041c; creamery extras, 4O04Oc; creamery firsts. 26ia39c Eggs Firm, unchanged. . Cheese Steady, unchanged. CHICAGO, Aug. 31. Butter Lower. Creamery extras, 38c; standards, 34c; firsts, 3337c; seconds, ' 300 31 & Eggs Unchanged; receipts, 0804 cases. SEATTLE, Aug. 3L Wholesale prices to dealers: Eggs, select local ranch, white shells, 36037c; do, mixed colors, 33c; pul lets. 27 0 28c. Butter City creamery cubes, 46c; bricks or prints, 47c' Sept... Deo... Sept. Dec, Sept. Sept. Oct.. Sept. Oct.. CORN. .53 .82 .88 .53 .52 .53 OATS. .38 .83 .88 .37 .36 .3. .52 .52 .83 .i;u MESS rorui. .... .... .... LARD. 11.46 11.52 11.40 1L55 11.67 .11.55 SHORT RIBS. 8.90 8.95 890 8.90 9.02 8.90 17.50 11.52 11.67 8.93 9.02 SHIPPERS TAKE SIMS WHEAT BOOGHT FOR EXPORT AVHEXi 3IARKET BREAKS. Active Buy ing: Carries Chicago Prices Sharply Higher at Close. Shorts Forced to Cover. CHICAGO, Aug. 31. Wheat made a firm finish on the board of trade today. Houses with export connection! took the surplus on the break and later in the session when the extent of export busi ness at the seaboard was given out, shorts started a covering movement which car ried prices sharply higher. The close in wheat found prices 134 to 2 cents up, corn 44c to lc higher and oats 1 !c lower to Mc higher. There was considerable pressure early, but offerings were readily absorbed and prices advanced to above yesterday's fin ish after being off around lc early. A break of 9 cents in premiums at Winnipeg and 3 to 5 cents at Minneapolis was re sponsible for selling that made the Inside figures of the day. Corn also recovered the latter part of the session from early losses. September went to a fractional premium over De cember after being even with that de livery early in the day. Export demand was brisk, with liberal sales to the east from here. Oafts declined under liquidating sales early, but rallied sharply later, cash houses buying September and selling De cember. Provisions were weaker and lower with liquidation In January lard a feature. The lower cotton market had somewhat of a depressing effect. Support was light and selling scattered. The Chicago grain letter received yes terday, by the Overbeck A Cooke comoanv of Portland follow: Wheat Liquidation was In evidence early in the session, but it aoon ran its course and after the first hour the market steadily gained strength, accompanied by a better class or outside buying than has been seen for some time. Declining pre miums in the northwest were without in fluence as the trade seemed to take the readjustment for granted and was more inclined to recognize the strength dis played in the local cash market. Spot offerings in Chicago were In good demand and premiums 1 to higher. The contract stock of wheat In Chicago is 1 . . 8rt .. ..loa ..10:: .. a:.- .. s: ..101 ..103 ..101 ..i7 " " ' now onIy a little over 500,000. There is no .-.io;; .ion .. i . .100 '4 .. 9S .. 7 . . 9! . . 9S ..101 .. 89 2 . .101 ..101 ..100 Foreign Exchange. Foreign exchange rates at the close of business yesterday, furnished by North western National bank of Portland. The amount quoted is the equivalent of the foreign unit in United States funds: Country. Foreign Unit. Austria, kronen Belgium, francs Bulgaria, leva Caeeho-Slovakfa, kronen .. Denmark, kroner England, pound sterling . . Finland, ftnmark France, francs Germany, marks Greece, drachmas Holland, guilders Hungary, kronen Italy, lire Jueo-S!avia. kronen Rate. .$ .0018 . .0770 . .000 5 . .01:15 . .1795 . 3.7SOO . .0110 . .0790 . .01.1 . .0575 . .31 HO . .0033 . ,0445 . .0O5 doirbt that the market will after a while respond to bullish conditions coincident with an improvement la outside buying power. Corn The future of early trading was the liquidation in September which soon culminated the same as it did in wheat. The most Important development of the day was the strength shown in the cash market, where premiums were about half a cent better than yesterday and demand good. It .is surprising how well the spot offerings have been taken recently and instead of the demand diminishing, as was to be reasonably expected, there has been a steady improvement and it is under stood that there has been enough sold for deferred shipment to take care of the movement until pretty close to November 1. We believe the corner has been turned and that purchases made around these levels will bring good results. Oat This market ruled weak most of the session but firmed toward the close on the strength in other grains. Receipts were only 76 ears and the cash market was strong at half to three-quarters better than yesterday basis. While we do not look for a pronounced bull movement in this market as yet it is to be expected that strength will be borrowed from corn and wheat. Rve Offerings by commission houses and cash Interests in the nature of hedg ing were well taken by houses with sea- ruih firlos. Wp. Wheat No. 3 red. 11.1791.17 ; No. 2 hard. 1.25. Corn No. t mixed, Mtt e5c: No. 2 yellow, 64.i5514c. . Oats No. 2 whits, 8636V3C; No. S white, S3 64c. Rye No. 8. 99 He. Barley 57 Ma Pork Nominal. Lard 811.53611.57. Ribs 10.25. Timothy seed 4S. Clover seed 815 C 19. Primary Receipts. CHICAGO. Aug. 81. Primary receipts Wheat, 2,769,000 bushels versus 1,189,000 bushels. Corn, 1,994.000 bushels versus 507,000 bushels. Oats, tjoT.OOO bushel ver sus 1,185,000 bushels. Shipments Wheat, 1.732.000 bushels ver sus 869,000 bushels. Corn, 1,772.000 bushels versus 205,000 bushels. Oats, 916,000 bush si versus 647,00 bushels. Clearances Wheat, 453.00U bushel. Com, 1.000 bushels. Oats. none. Barley, 51,000 bushels. Flour, 78,000 barrel. MINNEAPOLIS, Autr. 81. Cash wheat. No. 1, dark northern. 81 .47 w w 1.49H : 2. 81.32H1.0V4; No. 3. 81-22 fil. 80S. No. 1 northern, 81.37 No. 2. 81.35; No. 3 81.20 81.28Vi : No. 1 dk. hd. Montana, 81.32H 1.84. Barley, 404j38c. flax, NO. 1, 81 921.95. Futures Wheat, Septembsr, 81-30: De cember, 81-30 . WlnnlDrr Grain Market WINNIPEG, Aug. 81. Wheat, October, 81.t!9Vj November, 81-37; uecemoer, 81.3214. i Grain at San Francisco. SAN FRANCISCO. Aug. 31. Grain who., mining ii '.mffi-2: reed. 81.90UZ barley, feed, $1.209 1.27 ; shipping. $1.30 &1.42V4; oats, red reea. fi.tvuM.uv, whits Egyptian, .$2.202.30; red Milo, Hay Tame ost 1015: wild oat $10 12; barley, $1012; alfalla, $1214; wheat, $isala; stock, ,igiu. Seattla Grain Market. SKIT TLE, Aug. 31. Wheat, herd white, soft Thlte, white club, 8112; hard red winter, northern spring. 8110; solt rea winter, $1.09; eastern red Walla, 8L08 Til TlonA Hln.stom tl.20. Feed Corn, whole yellow, 838: cracked corn, 840; corn feed meal, 840; barley, whole feed, 834; rolled barley. $30; ground barley, $36; clipped barley, 841; oats, avhole feed (100 IDs), l-iv; ronea uni. ground oats, 841; sprouting oats, 845; wheat, recleaned feed. 844; all grain chop. 838; chick feed, $57: chick mash. 8'8j rrawln; mash. $50: egg mash. $4S; scratch frt 147? wheat, mixed feed. $23; cocoa- nut meal. $27; cottonseed meal. $40; lin seed oil meal. $47; soya bean meal. $.. Hay Alfalfa No. 1, 820; mixed hay. No. 1. $22; timothy. No. 1. 827; straw, $18. Naval Stores. SAVANNAH, Aug. 31. Turpentine firm. 5c; sales. S3 barrels; receipts, s "ar rets; shipments, 350 barrels; stock, 7033 U!Lf- tri- uIm. 803 barrels: receipt, 877 barrels; shipments. 17SS barrels; stock, 72.898 barrels. Quote: B. D. $3.7o; E. -'-0; M 84.35: N. $4.45;' WG. $5 05; WW. $3.00. Metal Market. NEW YORK. Aug. 31. Copper Steady: electronic, spot and nearby, 12c; later, 1312ttc. . w . Tin Steady; spot ana nwj, tures. 27c. Iron Steaay; oncnangra. Lead Steady: spot, 4.49c. Zinc Quiet; east St. Loui delivery, spot, 4.14i4.20c Antimony spot, s.wro. Dulnth linseed Market. DTJLUTH, Aug. 31. Linseed on track. $1.08; arrive. 81.re. Dried Fruit at w York. xtjvw YORK. Aug. 81. Evaporated ap ples nominal. Prunes firm. Peaches steaay. Cotton Market. NEW YORK. Aug. 31. 6pot cotton, qui et; middling. 16.0-c. Sawmill Destroyed by Fire. DALLAS, Or., Auk. 31. (Special.) The sawmill 01 me iviiib ber company at wnfi vaney, v... r KUlff of Salem, was entirely doetroyed by fire Monday evening. There was a smalt amount of Insur ance. A. S. Lyday. n employe, was severely burned wnen ns wo h hnrn.lnjr bulldln-e. He was brought to the hospital in this city. Another employe, whose name was not learned, was also severely burned about one arm. in W 11 T 1 '"! ill Lioertv Donas Come Back? Will the price of Liberty Bond3 come back? When? Should the Government do "something" to' maintain prices? What? Can the investor improve his position or in crease his income without loss? How? These vital questions are fully discussed in our Liberty Bond Book. Every investor who holds Liberty Bonds, no matter of what issue, should have a copy. This book is on the press now and -will be ready for distribution with in a few days. Write for it today. lyth Witter. & Co. Government, Municipal and Corporation Bonds Yeon Building, Portland New York Seattle Los Angeles San Francisco BThe Bonds We Sell have been purchased by us because of our faith in their safety. They represent the highest type of securities issued by progressive, substantial communities and established concerns. The recommendations and advice of our Bond De partment executives are available to all those with funds to invest. BOND DEPARTMENT LMD & TIILTON R&NK Oldest in the Northwest Washington at Third 74 24 72 2414 17 17 Oregon Municipals Bonds of unquestioned strength, and income tax exempt. Issue Rate Due Yield Union County ...... .52 1925-34 ' 5-6 Wheeler County 6 1932-51 6 Clackamas County ... 5' 1927-28 5.90 City of Bend 6 1922-41 625 We call these issues particularly to the attention of those who realize that high-yield bonds of this type are getting scarce. Long-term investments insure an investor against decline of interest rates in the future. LUMBEKMENS Loan Oversubscribed United States of razi 20-year non-callable 8s Subscription, books for the $35,000,000 United States of Brazil 20-year 8 non-callable external bonds were opened in New York yesterday morning atid closed within a few hours, the loan being heavily over subscribed. Anticipating such would be the case, we subscribed for a large amount and offer them to our clients at the original price of $98.60 and interest, to yield 8:15. This offer Is subject to withdrawal without notice. United States of Brazil Dated June 1. 121 Due June 1. 1941 9R..'0 anil Interest . to Virld 8.15 A frrnrrnl obllRat I n and iIm Ilea on the country's lases. A definite m I I m nm yield and definite ma turity. The first hnlf of this nan, mnrkrlrd 'In May. 1 novr quoted on open dim. krt at tm-X.. Prlnrlpn and Interest payable In . V. City In L. 9. Hold Coin. CLARK-KENDALL " CO-INC. Filth and Stork Streets WVrRrintrlT-MUNlClPAl:CORPOS10Nj BONDS iilli m , 20-year 87 1 (J ; Non-callable M Hi External Gold Bonds i u s.l.ooo.noo PROVINCE OF SASKATCHEWAN 6 Bonds Pntrd August I, l2l lliir AtiKUMt 1. 11137 These bond sre Rencral obligations of the I'rovlnoe of Kas'katrhpwan. I'rlni'lpal and scml-amiuul Int.Tmt payable In New York In United Statvs gold coin. I'rlrr IttTa to Yield 7.50 EH.ROLLINS &SQXS tmritmrnt Umult BOSTON NFW YnRK CHICAGO AN 'HANCIM'll L(M AM.ll U 1 G Vorthuest ' Hclncscntatlve 404 COUCH HUH.IMNU i-JI-lel)hoec Marshall 1'jS PORTLAND HI I H Wire or phone orders "eollect" II cutif. -toon camp f! 9 LtfMBCRMSNB lllUMM I j ; B 'urn) SMS Stab CO. 3 ; flj IWf B7 1 j . THE OXIV WAY TO Q j a H BROADWAY and OAK TRADE SAFELY IV THE STOCK JIARKKT tdTyA.S Unlimited ' TION FOR Profits Any Stock Exchange Issue 10S32d Write for booklet 54 Free C. Goldhurst & Company Service Reliability BO Uroad street, Kcw Xork Franklin County Washington School District No. 1 6 School Building: Bonds Dated July 1, 1921 -y Due July 1, 1930-41 Denomination $1000 The district includes the City of Pasco and adjacent territory, having a total area of 86,000 acres and a population of 4000. The net debt is but 5 of the ' assessed valuation. Price 100 to yield Ralph Schneeloch Co jj 1 Srfj ' nil bj' bi. , J 1 1 MMe j ii f V 'nt n mi i ii I ii ' ' MUWdPM. AXD CORPORATION mtANCB PoMTuutn.OnrooM Ws 'jjfc HERRIN& RHODES, Inc. Enbihlli.hrd Mils. BROKERS New York fltock. Honda, rnln. Cotton. Flivftt Irm. Memhrni tiilrano inure! of Tnwlr. 101-8 Railway Exchnnva Bid. Telephone Maio lifea-iTH. Money to Loan on Business and Reslder.es Property Mortgage Bond Company Main 2H.H. Wilms Blda.