THE MORNIXG OREGONIAN, TUESDAY, DECEMBER 20, 1921
WHEAT BIOS LIFTED
win m n
ri
v
m u
1 CENTS
Eastern Market Advancing
Faster Than West.
PARITY NOT YET REACHED
Further Spread Will Enable Pacific
Count Trade to Compete for
Foreign Business.
Wheat bids were 2 cents higher on soft
white and red Walla. 3 - cents higher on
club and northern spring and 4 cents
higher on hard winter at the Merchants'
Exchange yesterday. A moderate amount
of business was reported done.
The moat Important development yes
terday was the strength of the. Winnipeg
market, which went to a parity with Chi
cago as a result of the heavy buying of
Manitoba for export at the close of last
week. The drift now apparently Is toward
the point that will turn foreign buyers
from the Canadian to the American mar
ket. At the same time, the upward trend
of wheat prices In the United States is
more pronounced In the east than on this
coast, whih leads to the hope that export
ing may be renewed before very long In
this territory. The spread between the
east and the west now Is about 6 cents,
and when It reaches 10 cents foreign busi
ness will be looked for.
The Liverpool wheat market yesterday
closed d. lower on march and corn d.
lower.
Buenos Aires wheat opened steady to H
cent lower, corn cent lower and oats
uncharged. Argentine weather was fine.
World shipments of wheat and flour last
week were 9. !."", 000 bushels, of which
North America shipped 8.til.y000 bushels.
Terminal receipts, in cars, were reported
by the Merchants' Kxchange as follows:
Wheat. Bar. F!r Oats. Hay
Portland. Mnn.. 13.1 1 11 3 16
Year it go .... .V. 3 II)
Season to dute. 10,1 ill 1111 l.l'L'3 v-'.l I)1S
Year ago 8.3'i4 IliO 124 308 1,13.1
Tacotna. Sat.... 30 .. 7 .. 6
Y.-ar ago .... n 4 11
Season to date. (I, .100 7S 84'J 81 4X1
Y'r aso ;,llM-. 44 31c.' 7J 53
Seattle. Sat. ... 3 1 11" 2 6
Var ago .... 3 1 3 3
8i?uon 10 date. 4.S30 12tt 1.2118 177 fllX
Year ago . . . . liirt 13 246 9112
SAN FKANC'IKCO BUTTER SITI'Le1
HIORT
Rulk of Australian Nlilpment. Due Next
Week, Will .o Hast.
With a marked decrease In total re
ceipts of fresh butter, which were hardly
sufficient for local needs, the fcan Fran
cisco market was firm and advanced lfec
during the past week. Demand was good
lor all grades and medium and under
grades as well as fancy butter became
very scarce. Storage ho'dlngs were fur
:her reduced and are approximately 378,
000 pounds short of last jt-ar. Dealers see
ro roilef from tho present shortage until
the next shipment from Australia arrives,
which is due ubout December 20. It Is
reported that about Sour- cubes 5 lbs.
are on the first toat. The bulk of this
butter Is expected to go to the large east
ern markets, as ihey are short, of storage
and fresh supplies. Prl.es at San Fran
cisco are not expected to go much higher
unless there is an Increased holiday de
mand. The maraet closed steady with
02 score at 44 Vic.
Immediate supply and remand were fac
tors controlling the eastern butter mar
kets during the week. Stocks were slight
ly In excess of the demand and quickly
weakened the market because dealers be
gan price cutting. On the other hand,
supplies of fancy hutter soon became short
because of competition to get the few of
ferings. Fancy butter was rather short
on all the markets all week, but under
grade! always were In liberal supply and
hard to move. Stocks of these gradually
accumulated. Quality was rather poor,
showir.r barn and feed flavors. Eastern
coast markets wjre weakest, due to ar
rival and further purchases of foreign
fcutter. Arrivals last week amounted to
3.150 casks of Danish and another cargo
f about anno casks Is reported on the
way, also 3nno boxes of Argentine and 130
koxes and 10 casks of Irish butter. It Is
understood that a purchase of about 4.100
casks of Danish butter a made at about
H4c, duty paid, New York. There' were
further offerings at about 3c lower.
TURKEYS ARE FIRM AND HIGHER
Best Offerings Quickly Taken at 44 to 4)5
Cents.
The dressed turkey market was firm yes
terday and there was every Indication that
It will continue so during the week. The
best birds sold at 44ft ir cents. Receipts
were light and mart, of them went to
fill out of town shipping orders.
Live poultry was steady with liberal re
ceipts. Country dressed veal was firmer at 14H
cents. Dressed pork was unchanged. ,
The egg market was firm with a rood
local and shipping demand. Buyers of
fered 4443 cents, case count, to country
shippers.
Butter clean up regularly and the mar
ket Is very firm. Cube extraa sold on the
street at 42 cents.
Cmall Cain In Wheat Visible,
The American visible wheat supply
statement compares as follows: '
Bushels. Decrease
Iecember in, 1021... 4M.iv7il.000 7:n onii
Heoeml.er 20, HJ0... 47.:i7.0OO l.OUiNM)
Itecember " lil. 1019 S2.ttOS,onO 3M,'nno
l.ecemler 10. 1 1H8 . , .1 1 1 i'.v,.oiin 2 04'' (MM)
ecember 17, 11)17... 23.301.000 "nl.ouO
Increase.
The feed grain visible compares as fol-
Decrease.
2.3O8.01M)
312,000
80.000
502,000
607,000
13.1.000
20S. 000
625.000
lows:
Corn Bushels.
IVoember 10. 1!2I.. 18.2M.OOO
December 20, 1020,. 3.027.000
Oats
December 10. 1921.. 68.215,000
December 20, 1020.. 30,008.000
Rye
December 10. 1021.. O.n.l.l.nOO
December 20, 102O. . 3,008,000
liarlev
December II). 1921.. 3.630.0OO
December 20. 1020. . 3.023.000
Increase.
Market Reporter Suspended.
Under a provision of the sundry civil
act of March 4, 1021, government depart
ments were required to suspend publica
tion of all periodicals except those ap
proved by congress by December 1, 1921.
A resolution empowering the congressional
Joint committee on printing to authorize
the continuance or discontinuance of these
periodicals, among .them the Market Re
porter, passed the senate but did not come
to a vote In the house before the adjourn
ment of the last session of congress. The
ALFALFA HAY
Buy Direct. Save Money.
Write or Wire, for Prices.
F.RNKST T. FREEPOM9,
Walla Walla. Waablagrtoa.
TURKEYS
For Christmas. Alao ether poultry.
Shin tn arrive Dec. 17 to 1(4, For
New War's lire. 27 to 28.
RUBY CO..
169 Front St. . Portland. Or.
Market Reporter will, therefore, be sus-
pended beginning with the Issue of De- ;
cember 10 until Its continuance is author- j
lzed by congress. !
Bank Clearing.
Bank clearings of the northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland 0,2V.i,701 $1.377,2.10
Seattle 0,6.12.3.11 1.71M1.761
Taroma, 4MI.273 H1.974
Spokane 2.102.306 1,288,136
PORTLAND UAUHtl QUOTATIONS
Grain. Flour, Feed, Etc.
Merchants exchange, noon session:
1.09
1.07
1.H8
1.0
1.08
1.02
-Bid-
$1.09
1.117
1.08
l.trO
1.08
1.02
27.00
20.00
$1.07
1.05
1.06
1.06
.1.06
1.00
27.00
2.000
Hard white ....
Soft white
White club ....
Hard winter ...
Northern spring .
Red Walla
Oats
No. 2 white feed.... 27.00
No. 2 gray 20.00
riAlOrt Family patents. It per barret;
whole wheat, $6. 20; graham, 16: bakers'
hard wheat, $7.05: baker bluestem. pat
ents, $6.55; valley soft wheat. $5.60:
straights. (5.25.
MILLFEED Price f. o. b. mill: Mill
run, ton lots, $20, mixed cars, $19 per ton;
middlings. $.14; rolled barley. $34tj30;
rolled oats, $36; scratch feed, $43 per ton.
CORN While. $33- cracked. $35 per
ton.
HAT Buying price L o. b. Portland:
Alfalfa, 114 50 per ton; cheat. $12312.50;
oat and vetch. $14.50'jio; ciover, Hi;
valley timothy. llStrjp 15.50; eastern Ore
gun timothy, 18ti 18.50.
RAILWAY STOCKS STRONG
COALERS, GUAXGEKS AXD
COTTON ROADS ADVANCE.
Oils and Other Specialties Affected
by Selling Pressure; Bond
Market Irregular.
Dairy and Country Produce.
BUTTER Cubes, extras, 41042O pound;
prints, parchment wrapped, box lota, 44c,
carton 45c Butterfat buying prices. No.
1 grade, 42c. delivered Portland.
EGGS Jobbing prices, case count, 44f
45c; candled ranch, 474Mn; association
firsts. 48c; association selects, 53c; asso
ciation pullets, 43u.
EGGS Buying .price, 444.1c; Jobbing
prices, case count, 45c; candled ral".h,
47&46C; association firsts. 48c; association,
selects. 53c association pullets, 45c.
CHKESt Tillamook triplets, price to
Jobbers t. o. b. Tillamook. 26c; Young
Americas. 27c pound. ,
POULTRY Hens. lTff2Hc: springs, 20
21c: ducks, 224t20c; geese. 2oc; turkeys,
live, 3.1c; dressed. No. 1, 44lt43c lb.
rOKK tiocy, 12c per pound.
VEAL, Fancy, 14 He per pound.
Fruits and Vegetables.
Local Jobbing quotations:
FRUITS Navel oranges, $4.S06.25 per
box; Japanese oranges. 12.50 per bundle;
lemons. I5W0: grapefrui'.. 47 per box:
bananas, 8fc'0c per pound; apples, $lft'3-73
per box; pears, $l.73'o2.25 per box; grapes
California rteu cinperors, U'jig per puuuu,
rasabaa. 3ftrfec per pon.ld; cranberries.
Oregon, $7 per box; eastern. $21 per barrel;
pineapples, $7.50 per case.
l'UlAlur.3 yregon, a itf . ter
hundred: Yakima. 2ij225 per hundred;
sweet potatoes. 5Cs5'c per pound; ArKan-
sas. S2.7.1W8 per crate.
ONIONS Yellow, $4.30&5 per hundred.
VEGETABLES Cabbage. lS62c per
pound; lettuce, $3(3.50 crate; carrots,
SI 50 per sack, garlle. 12'.13c per pound;
beets, $1 50(02 per sack; cucumbers, S2.50J
8 per dozen; celery, twcijl -per dozen;
green peppers, 35fl40c per pound; cauli
flower $2'2.23 per crate; squash, 2tt&3c;
sprouts, 17 Vic; turnips. $2 per sack; par
snips, '2'if'2.o0 per sack; tomatoes, $4.50
per lug.
Staple C.roorrlea,
Local Jobbing quotations:
SUGAR (sack basis) Cane, granulated.
6.0-1c pound.
NUTS Walnuts, new crop, soft shell,
233tic pound; Brazil nuts, 18'a20c, fil
berts, 2oft'2,1c; almonds. 18(fp27c; pea
nuts. 10 if lmc per pound.
K1CE Blue Hose. 6V1C per pound; Japan
style. 6c per pound.
COFFEE Roasted, bulk, la drums. 18 0
85 c per pound.
SALT Granulated. bales, $.204.05;
ba t ground, ton. 50s, $17.20; 100s, lit). 25.
HONEY Comb, new crop,. S3. 75 6 25
per case.
DRIED FRUITS Dates. 7 per case;
figs. $1.406 3.73 per box; apples. 16c lb.;
peaches, 134117c; apricota 23t26feo;
prunes. T'.i U I Sc.
BBANS Small white. 6c; iarge white,
4c; pink, Bc; bayo, 6 Vac; red, 0c
Hide, Hope, Etc.
TALLOW No. t. 4c; No. 2, lie pet
pound.
CASCARA BARK 3c a pound delivered.
Portland.
HOI'S 1021 crop. 15020c per lb.
HIDES Fresh curea. 5c per -pound;
bulls, 4c; calf 12c per pound; kip. 7c;
dry hides. Oc; dry salt hides, 7c per pound
PELTS Dry polts. full wool. 8010c per
pound; salt pelts. 35 0 30c each, according
to size.
WOOL Eastern Oregon, 16023c pr
pound: valley. 12'rjll4c p-r pound.
MOHAIK Oregon, 13 0 22c per pound,
delivered Portland.
Provision.
Local Jobbing quotations:
HAMS All sizes. 27031c; skmnea. 240
S3t; picnics, 20o; cottage roll, 23c
BACON Fancy. 30 0 43c; choice. 27 0
32c; standard. 23g'2c.
LARD Pure, tierces, 14c pound; com
pressed tierces. 14c.
DRY SALT Backs. 1821c: plates. IBc,
Oils.
LINSEED OIL Raw. in barrels, c
5-gallon cans, $1.04. Boiled, In barrels
01c: 5-rallon cana. $1.06.
TURPENTINE In drums. $1; 5-gallon
cans, SI. 13.
WHITE LEAD 100-pound kegs. 12c
per pound.
GASOLINE Tank wagons and lro
barrels, 26c; canes. 3Stjc
QUOTATIONS ON' DAIRY FKOUICE
Current Friers Ruling on Butter, Cheese
nnd Kggs.
SAN FRANCISCO. Dec 19. Butter Ex
tra. 47c: prime firsts, 40c; first, 44c.
EKgs Extras. 57 fc;c; extra firsts, 57c;
extra pullets, 49Hc; extra pullets, firsts,
40c; undersized pullets. No. 1, 48Hc.
Cheese California flat fancy, 24V4c; flat
fancy firsts, 22c; California Young Ameri
cas. 31c ,
NEW YORK, Dec. 10 Butter, unset
tled. Creamery higher than, extras. 434
44c; creamery extras, 43c; creamery
firsts, 37 a 42 He
Eggs Steady. Fresh-gathered extra
firsts, 56fr.1Hc; do. firsts. 51ft53c.
Cheese Steady. State whole milk flats
fresh specials. 21 Hi 22c: state whole milk
twins, -specials, 214-22c.
CHICAGO. Dec. 19. Butter Higher.
Creamery extras, 43Hc; firsts. 34 0 41c:
seconds. 81fe33c; standards, 37Hc,
Eggs Higher. Receipts, 2522 cases;
firsts. 47(&4sc; ordinary firsts. 41043c.
Miscellaneous, 44040c; refrigerator
firsts, 36c.
SB ATT LB, Dec. 19. Eggs, .select local
ranch, white shells, 30fu 33c; do. mixed
colors. 48049c; pullets. 41 ft 4.1c
Butter City creamery cubes, 43c; bricks
or prints, 44c '
NEW YORK. Dec. 19. Although week
end developments were mainly favorable.
today's stock market moved lrrecularly In
almost all branches. Rails and a few af
filiated tissues were the only prominent
exceptions.
Selling pressure was more or less gen
eral In high-grade oils, also In coppers,
sugars, rubbers and unclassified special
ties. Heaviness of Mexjcans was ascribed
to reports from Standard Oil sources,
which referred In pessimistic tones to oil
conditions in Mexico.
Coalers were the chief feature of the
railway division. Delaware, Lackawanna
& Western making further response to
prospects of an extra dividend distribu
tion. Some grangers and cotton carriers
notably Atchison, Atlantic Coast line and
New Orleans, Texas & Mexico, were firm
to strong.
Sporadic gains and losses marked the
uncertain course of food, chemical, fertil
izer, tobacco and chain-store issue. Fine,
prices were not much altered by the sud
den rise of call money from 5 to 6 per
cent. Sales were 735. 0O0 shares.
Constructive Incidents included a re
duction in the rate of Interest for loan
of the federal reserve bank at Atlanta, a
brisk recovery In International currencies
and more foreign financing for round
amounts by American bankers.
Sterling exchange rose 21! cents from
last week's final price and French, Belgiat
and Dutch rates were stronger. Scandi
navian remittance were features, how
ever. Danish bills rising 1 3-10 cents or
announcement of a $30,000,000 loan to that
government.
The increasing importance of the United
States as a center of world finance was
further Illustrated by the sale In this mar
ket of J2.1.OO0.OOO Canadian Pacific railway
debenture stocks". All previous financing
by that company had been placed la
London.
Bonds followed the uneven course of
slocks, liberty 84s showing marked de
pression, while victory 4s duplicated
their recent maximum. International Is
sues, Including varioue municipals,
strengthened on the news of the Danish
loan. Total sales, par value, aggregated
i tlS.TT3.0Ou.
CLOSING STOCK QUOTATIONS.
(Furnished by Overbeck & Cooke cora
Danv of Portland. I
Stock. Sales. High. Low.
Adums) Exp.. 200
Jptits Coal
ritti w. vi
Pressed Stl Cr
Pullman ....
Ray Cons.....
Reading .....
Remington ..
Repiogle Stl..
Republic I & S
do pfd
Rep Motors. . .
Roy Dutch Oil
Ry Steel Spg.
Stand Oil. N J
Sears Roe. . . .
Shattuck Aria'
Shell T 4k T. .
Sinclair
Stan Oil Ind. .
Sloes Shef....
So Pao
So Rv
Stand Oil 5al.
St L 4 S F. . .
Stromb Carb..
Studebaker
Swift A Co....
Tenn C ft C. ..
Texas Oil
Texas Pac. . . .
Tex Pac CAO.
Tob Prods....
Trans Con Oil.
Union fill Del.
Union Pan ....
United Alloy..
United Drug..
Un Fd FTod . .
United Fruit..
Un Hds of N J
Union Br ft P
Un Bet Stores
U S Ind Alco.
U S Rub
do 1 st pfd . .
do Smelting.
do Steel
do pfd
Utah Copper..
Va Chem
Varutd Stl....
Yivandou ....
Wabash
do A pfd...
do B pfd...
Wells Fargo. .
Western Pac.
W'est Union
Westghs E&Nf
West Md
White Motors..
Wil!ys-Ovld ..
do pfd .....
Wilson Pkg...
Woolworth
Wnrthn Pump.
W ft L E
White Oil
U S 2s. reg.
U S 2, cou.
u s 4s. rex-.
IT S cv 4h, cou.
Pan 3s, r-g...'
Pan 3s. cou. . . '
A T & T cv 6s
A tch gen 4s. . .
U & R G con 4s
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc, at Bay City.
SAN FRANCISCO, Dec. 19. (State Di
vision of Markets.) Fruit Apples,
and 4-tier, SI. 4003.50: casahas, crate. 5Uc
ft SI; oranges, navels, S4tj5.50; lemons.
4 u 4.50; grapefruit. $308; grapes, per
crate, $1.75 0 2: cranberries, box, $607;
pears, box. $-0 3; strawberries, small
crate. S2.5O0S.3O.
Vegetables Artichokes, case, $16018;
string beans, pound, 20'ti22c; carrots, doz
en 50c; celery,, crate, 11.50 0 2.50: cucum
bers, small box. $1-75 0 3; eggplant, pound
406c; lettuce, crate. $1.2502 50; mush
rooms, pounds, 20040c; clives, pound,
607c; onions, brown. Girl., $3.3004 23;
green, dor.. 10c; peas, lb., lSlrSOcbetl pep
pers, 13020c; potatoes. S1.30S2.73; pamp
kins, sack, 75cfc $l; rhubarb, box, $1.65
1.73; squash, lug. tl. 30fi 2.2.1; sprouts,
pound, 607c; tomatoes. 11. 25 0 3.
Poultry Broilers. 3438c; roosters
young, 22031c: old. 17020c; hens, 230
81c; ducks, 22 0 23c; turkeys, live, 37043c;
dressed. 48052c.
Receipts Flour, 1800 quarter sacks
wheat, 136 centals; barley. 3132 centala,
corn. 20 centals; potatoes, 5047 eacks;
onions. 460 sacks; hay, 213 tons: hides.
2430 bundles; oranges and lemons, 2031)
boxes; livestock, 100 besd.
Coffee Futures Market Quiet,
NEW YORK, Dec. 19. The market for
coffee futures was quiet today with prices
easier under scattered realising or liqui
dation. Last priors were the lowest of the
day on active positions, showing a net de
cline of 2 to 15 points. Sales were esti
mated at about 20.000 bags. December
8.64; January, 8.. Ml; starch, 8.59; Hay,
8.30; July. 8.50; September, 8 58.
Spot coffee quiet. Rio 7s, Dfcc; Santos,
4s 12 01244c.
Naval Stores,
SAVANNAH. Dec. 19. Turpentine, firm,
74c; sales, 213; receipts, 146; shipments,
842: stock. 12.714.
Rosin, firm: sales. 800; receipts. B7;
shipments. 617; stock, 79.963. Quote: B.
I). E. F, O. 4; H. I. $4.0.1: K, $4 80; M,
$3.20; N, $3.35, Wli, Ji.60; WW. S3.4.
Advance Hum
Agr Chem . . .
do pro
300
2tMI
AJax Rubber. 14.400
Alaska Gold
Alas Juneau.
Allied Chem..
Allla-Chal ...
do pfd ....
Am Ret Sug.
A m Bosch . . .
Am Can Co..
tlo pfd ....
Ah Car ft F..
do pfd ....
Am Cot Oil..
do pfd ....
Am Drug Syn
Am Hide ft L
do pfd . . .
Am Ice
Am Intl Corp
Am Linseed .
do pfd ....
Am Loco ....
do pfd
Am Sat Razor
Am Ship ft C.
Am Smelter .
do pfd
Am Snuff ...
Am Stee: Fdy
Am Sugar . . .
do pfd ....
Am Sumatra.
Am T T . . .
Am Tobacco .
do "B"
Ain Wool
do pfd ....
Am W p pfd.
Am Zinc ....
A naconda
Ass.l Oil
Atchison
do pfd ....
At Coast L...
At G ft W I
4l)
2, loo
2.7MI
l.ooo
100
1O0
8DO
S.3O0
loo
TOO
'2.OI1O
Tmi
loo
l.noo
200
400
4. .100
3.100
1.200
100
3.100
3"0
700
2.100
21.80(1
1.300
3.200
8.700
700
200
600
ao
3S'4
17 'l
.17 S
39 '
8S
2Hi
36 "4
34
l3
145
'i.i'A
48
4',
141.
60 V
73
42
84 im
44
4.1 '
88
112
33 'I
.17s
7!)
31
117',
132 4
12KVS
80
100
4,100
V.700
20"
400
2IOO
Baldwin Loco 10,200
400
IOO
1.100
1 OOO
II. 2110
l.too
1IHI
T. loo
400
S.700
l.ooo
400
1.800
3.000
3(81
.100
10.WIO
TOO
l.TOO
4O0
1.2110
1.4O0
10O
200
4(H)
3,9IO
300'
4. COO
Bait ft Ohio
do pf'I
Both Steel "B"
II K T
Ilutte C ft V.. .
Butte ft Sup.
Burns Bros. .
Caddo Oil ...
Cal Packing .
Calif Pet
do pfd ....
Canadian Pac.
Cen Leather .
Cerro de Pas.
Ch.-ind Motor,
f'hgo 4 N W.
Chigo Gt W..
do pfd .... .
Chill Cop
Chino
C M ft St. P..
do pfd
Coco Cola....
C ft O
Colo K & I. . .
Colo Southern
Col G ft Elec.
Col Graph ..
Con Gas ....
do pfd .... .
Cnntl Can ...
Cities W Bank
Corn Prod...
do pfd
Cosden Oil .
C R I ft P. .
do "A" pfd.
do "B" pfd.
Crucible ....
do pfd
Cuba Cane. ..
do pfd
Cub Am Suear
De! ft Hudson
Dome Mines..
Del & Lack..
Davison Chem
Endicott John
Erie
do 1st pfd..
do 2d pfd . .
Fain Players.
Fed M ft Smel
do pfd
Flsw Tire
Gaston Wms.
Gen Cigars...
Gen Elec...
Gen Motor...
Glen Alden..
Gen Asphalt.
Goodrich ....
Goodyear ....
Granby
Gt Nor Ore..
do pfd
Greene Cana.
Gulf 8 Steel.
Hask Barker.
Houston OH..
Hupp Motor .
Ills Cent
Inspiration ..
lnterboro ...
do pfd
Int Callahan.
Int Harv
do pfd
Int Merc Ma.
do pfd..... 1.4O0
Int Nckel .... .100
Int Paper.... 4200
do pfd
Invlnc Oil 3.400
Island Oil 3.800
Jewel Tea . . . 200
K C Southern 4(8)
K C Sou pfd.
Ke!ly-Spring .
Kennecott ...
Key Tire
Lack Steel...
Lee Tire
Lehigh Val...
Lorlllard ....
Lowe Theaters
L ft N
Maryland Oil.
May Dpt Store
Mex Pet
Miami
Mid States Oil.
Mldvale Steel
31 K ft T "WI"
do "WI" pfd
Mont Power..
Mont Ward...
Mo Pac
do pfd.....
Nor Amn....
Nat Biscuit..
Nat Enamel..
Nat Lead
Nevada Con..
New Haven..
Norfolk ft W.
Nor Pac
Nova Sco Stl.
N Y Air Brake
N Y Cen 2.300
Okla Prod ref 1,900
Ontario Silver
Ontario ft W.
Otis Steel
Pac Dev
Pac Gas ft El
Punta Allegre
Pacific Oil..
Pan Am Pet.
do "B" ...
Penna
Peo Gas
Pere Marq..
Pure Oil
Phillips Pete
Pierce-Arrow.
Flare Gil...
13V
48.
94' '
86 Vi
!K)
33.
97
8.1
.13
67
121
124
49 Vs
88
122
3 OX,
34
51
67
ev
17
1.14
27 'i,
104
32
404
5 I
26
40
417
8 54
93
24.300
. 1.200
100
518)
4. (KM)
200
600
1.400
1,600
5.400
1.3(8)
38)
2.700
8,200
13.800
200
a 3(81
6,600
1.100
.100
10,100
ia'.aoo
600
1.300
1,400
300
'i.oon
2,100
200
200
1.000
floO
700 .
6O0
500
22S 224
! 95 ?4
38S4 'a. lit'
32 i, 32 V
8.1 v, 84 V4
72 7
"4 6.11,
bH V 80 14
7 6'
144 14Vi
13 13V,
iio'vi iis"
.134 34 'A
79 78.4
104 10V4
ION, 16
'7S '76"
12 12
424 414
134 12V4
'67 V,
140 130'
11 10
43 4 42 i
6S 7 ',i
80 35 54
'32" "si a;
73 7.1
27V, 27V4
'804 "78
80 70
1 1 1 1
99
41
8
6
83
63
12
$5
Bid.
49
11
29
.18
16 ',i
37
38
88
28
3.1
33
93
143
112
22
4.1
4
14
CO
72
42
33
39
i
113
4
5
44
8h
111
33
30
78
31
1164
132
121
81.
14
28
13
48 V,
103
1-3
811
90
33
90
3.1
.13
60
6
3
20.,
12(1
12
70 '
49
88
121
30
34
30
66
6
16
1.1
27
19
31
40 U
51!
24
39
67
3
92
58
48
22
108
38
82
8.1
71
6(1
86
6
14
13
107
IS
117
6.1
78
10
16
10
78
10
41
13
67
130
10
41
08 14
3(1
11
2"
31
73
27
48
79H
11
98 8 8
40 40
20
68 V.
15
i
364
88
88 Vi
28
33
33
93
143
4T
4
14
59
7-2
42
38
"84
"4
6
44
88
111
33
49 14
TT
81
116
131
128
80
13
48
"9314'
86 V.
88
32 i,
9.1
3.1
.13
66
7
'20
119
Hi
T0
47
8T
121
SO
34
.10
66
6
111
13
19
31 s.
39
50
26
.",!. 4
604
3
92
84
6
83
64
12
53
K8)
I. 7(10
8.400
16.200
31 K)
2.OO0
.IOO
100
8.60O
ion
800
8.400
26.1)00
1 oo
II. 200
S,88
50O
5O0
T(8)
1.800
800
1.9O0
400
V.gOO
400
618)
J. 5O0
200
4.400
4O0
s.eoo
100
4"0
800
25.300
11.700
2.500
.6.(88)
48)
2(8)
8 1881
8.2(81
S 100
8,100
12
2
11
24
64
44
26
16
40
29
59
1.14
14
110
26
115
27
13
28 v
9
2.1
69
18
18
46
44
'87
84
15
13
98
80
74
8
IS
5
66
28
.10
63
48
84
58
21
38
84
14
13
11
2
11
23
54
43
23
1.1
4.1
29
58
164
13
110
26
iis
27
13?
28
8
23
59
13
17
46
43
"83
84
14
12
98
79
73
3
"21
12
5
63
28
48V4
52
46
33
68
21
88
34
18
u
1
3
6
83
103
14
64
12
54
90
11
2
11
23
5.1
43
25
16
46
20
58
134
13
110
26
110
114
27
13
2K
9
2.1
59
13
17
46
43
122
83,
83
15
12
97
79
23
60
73
3
' 4 '
21
12
5
66
28
49
53
48
83
58
21
88
84
13
13
600 63 63 63
2,000 27 2.1 25
3(8) 66 64 6.1
l.OOO KSJ 108 108
SOO 15 1.1 15
13.1O0 74 73 73
24
700 26 25 25
900 63 43 62
83
400 8 8 . 8
2,200 52 51 52
91
3.000 1 87 183 184
6.2(8 67 56 57
ZOO ' 8 9
38
7,000 22 22 22
D0 89 90
38
1.900 81 80 80
7(8 1'4 18 3S
5.7(10 181 93 3
2,3(10 22 21 21
9(81 35 34 84
9,100 bl 2)0 81
97
1.400 10 10 10
8.700 47 47 47
9.0(8) 2.1 24 2.1
2 1110 20 29 29
2.6NJ 6.1 62 62
.1.2(10 11 10 11
300O 19 19 19
2.0O0 117 126 126
25
300 71 Tl Tl
.100 10 10 10
60 126 126 125
200 8 8 T
3(10 Tl Tl 71
1..1(H) 5.1 Vj 52 6'-
1.0(8) 39 39 S
4.100 55 64 53
200 1 00 100 V. 1410
30
3.T00 84 83 84
900 113 11.1 113
1,000 63 63 63
31
TOO 32 81 31
100 T 7 T
TOO 6 6 6
BOO 2 20 20
100 13 13 13
1O0 61) 60
2O0 18 18 18
100 91 9-1 90
12(8) 60 60 50
200 8 8 8
2(8) 39 39 80
1,000 6 6 6
SO
3O0 30 29 20
300 132 131 131
400 .1 44 44
. 2(0 T T H
80O 11 11 10
BONDS.
101 N Y Cen deb 6s. 99
101 Nor Pao 4s 844
l(l4!Ior Pac 3s HO
1(14 Pac T ft T s. . .92
80 IPenn cons 4s. 94
80 So Pac cv 6s... 96
108 Sou Ry 6 89
Sls'Un Pacific 4s... 8T
T2jU S Steel 3s 99
Bid.
Liberty Bond Quotations.
Libertv 3s .
.in 1st Am
do 2d 4s
do 1st 4s.
do 2d 4'iS..
do 3d 4 v, s . .
do 4th 4V.S.
Victory 4s
do Js .
On.n. His-h.
..94.90 94.IK)
T.ow. Close.
ba.rtO 93 68
90 80 90.80 90.64
96 SO
90 70
97.64
Ml. no
97.18
M' 90
98 04
!17
...101UI4 lOO.OO 1(81 .04 TS3.0
118)04 1(10.06 100.04 1O0.0
97.14
9(1.8 4
97.88
97.22
90.70
90 1 0
90.80
IM1.20
07.64
90 60
Mining Stocks.
BOSTON.' Dec. 19. Closing quotations:
Allouez 22North Butte..
Ariz Com 8()ld Dominion.
Cal & Ariz 37 ( isceoia
Cal ft Hecla 276 (QUinry
.nn,nnnini USL kmirinr .....
Cop R Con Co"" 39 Sup ft Bos Mln
12
23
84
42
2
1
1
1
40
11
1. iintto 1 Uin. 10s .Shannon
Franklin . : 2 ii tan cons.
Isle Roy (Cop). 23 Wlnona ...
Lake Copper... 3 (Wolverine
Mohawk '..65
Swift Co. Stocks.
nn.n, nrl fnr Kwlft ft Co. StOCkS at
Chicago were reported by the Overbeck
ft Cooke company of Portland as follows:
swift ft Co
I.lbby. McNeil ft LlbOJT o
National leather y
Swift international 20'
Money, Silver, Etc
NEW YORK, Dec. JO. Call money
strong; high, 6 per cent; low. 5 per cent:
ruling rate. 5 per cent; closing bid. 8
per cent; offered at 6 per cent; last
loam, 6 pr cent.
Time loans firm; 60 days, 503 per
cent: 90 days, .105 per cent; six month.
&41 5 per cent.
Prime mercantile paper. 603 per cent.
Foreign bar silver, 66c.
Mexican dollars, ,10c.
LONDON. Dec. 19. Bar silver. 35T4d
per ounce Money, 2 per cent; discount
rates, short, hills, 3 per cent; three
months' bills, 3 per cent.
New York Bonds.
New York bond quotations furnish
Herrin ft Rhodes, Inc., of Port Is no
Am Tel ft Tel tie
do
Anaconda Ts B
do na A
Armour cv Ts
do 44s
Argentine Gl 5s .........
Am Aff dim Ts
Bolh Steel 7s
do
do Kq 7s
Belgium Ext 7s
Belgium 8s
Bel gen 8a, City of
Berne 8s. City of
Bi-azil 8s
Catutuian 5s ...
do
Can Xat Eq 7s
Chicago N W 7s
C -M ft St P gn&rf 4s A.
Chile 8s
Christiana 8s, City of
Cuoan Am Sugar as.
Con Gas cv 7s
Denmark 8s
Danish Mun 8s
Dupont 7s
French ext 8s
French TWs
Goodrich 7s ........
Goodyear 8s 1941'
Gulf Uil 7s 1933
Gre:it Northern 7s 193(1
Humble Oil Ts 1U23
Int itap Tr ref as 1906
Int Mar CT 6s 1941
do Tr 7s 1021
Kelly Springfield 8s 1031
Kennecott 7s 1930
Llliliy. McNeil & Llbby 7s ....1931
Mexican Pete 8a llillti
NYC call 7s 193d
Norway 8s 194cH
N P ft G N (Jnt.) s. .. 11136
Pan Air.er 7s 1930
Penua U'-fl 19:ti;
Rus Rubles 5s 192(1
San Paulo 8s 1 :';;u
Swuthnt Tel 7s 1023
Swedish Gvt 6s 19:111
Standard Oil S Y 7s 1921
do of Cal 7s 1031 '
Swiss 8s 1040
Sears Hoe 7s 1922
lo 1923
Sim-lair 73 192.7
Swift ft Co. Ts 192.1
Un Tnnk Ts 1030
U S Rubber 7s 193d
Wilson 1st 6 1928
West tlec Ts ., 192.1
We.-ulnghuuse Ts 1931
Zurich 8s 1943
.1922
...1924
.. .1920
...1929
. . .1030
...1939
. . . 194.1
...1941
...1922
. . .1923
...1933
. . .194.1
...1940
. . .194.1
. . .1943
. . .194 1
...1926
...1931
, . . 1 933
.. .1930
...2"14
. . .1941
1 945
1931
1923
1 94 3
194.1
1 93 1
194.1
1941
19i
ed by
100
oo Ts
101
9T
102
80
T6
loo
loo
loo
100
104
l(Mi
10.1
108
104
96
9.1
lo4
10T
57
101
107
102
104
100
107
104
IOO
tt.1
99
110
1(13
ION
10O
.13
' 89
74
104
101
99
100
10.1
110
1(164
!'.
103
3
lol
100
93
108
10.1
113
99
181
98
J0O
10:l
105
87
1 03
1(15 4
108
England, pound sterllnc
Finland, finmark .......-
France, francs
Germany, marks
Greece, drachmas...,
Holland, guilders
Hungary, kronen
Italy, lire
Jugo-Slavia, kronen .............
Norway, kroner .................
Portugal, escudos
Roumania, lei
Serbia, dlnsra
Spain, pesetas
Sweden, kroner
Switzerland, franca
China Hongkong, local currency.
Shanghai, taels
Japan, yen
4.22O0 )
.0203 .
.0M.1 ;
.00.19
.9430 .
.3072 '
.0(122 ;
.Olli.1 .
.00.10
.1.192
.0873
.1819.1
.01K2
.1.1(8)
.2-K10
.19.12
.5.1.10
.77.10
.4830
NEW YORK, Dec. 19. Foreign ex-ehana-e
strong. Grt Britain, demand,
$4.20; cables, $4.20; 60-day bills on
banks, 4.17. France, demand, 8.09;
cables, 8.10. Italy, demand, 4 34; cables,
4 55. Belgium, demand, 7.73: canies,
7.T4. Germany, demand, 54; cables. 54.
Holland, demand, 36. 60; cables, 36.66. Nor
way, demand, 15.80. Sweden, demand.
24.90. Denmark, demand. 20.90. Switz
erland, demand, 19.30. Spain, demand.
14.43. Greece, demand, 4.22. Argentina,
demand, 33.50. Brazil. 12.90. Montreal
92 7-16.
WINNIPEG TRADE FACTOR
CHICAGO WHEAT MAKKET HAS
UPWARD SW.G.
Prices Raised on Indications of
Export Business in Manitobas;
Kains in Argentina.
CHICAGO, Dec. 19. Wheat took an up
ward swing today, largely as a result of
indications of export business at Winni
peg. Tho market here closed firm, 1
lc to 2c net higher, with May 31.14
to tl 14 and July $1.04 to 31.04. Corn
gained c to c and oats o to ftc.
Provision varied from 5 cents decline to
IT cents advance.
At first wheat showed lack of support,
with many traders correctly anticipating
an increase of the United States visible
supply. Gradually, however, attention
veered to the ascent of values at Winnipeg
and there was a display of enlarged buy
ing power here, baaed on gossip that the
Winnipeg advance reflected European de
mand. Forecasts of a coid wave, which
might catch much of the domestic winter
crop without snow protection, tended alao
to stimulate some buying. Furthermore,
reports were current that rains were In
terfering with Argentina's harvest. Under
such circumstances the market finished
at practically the day's top.
Corn and oats rose with wheat, although
early In the season the bulls had been at a
disadvantage, owing to big receipts. On
the other hand, rural offerings of corn
were reported as small, despite expected
colder weather promising to harden many
roads.
Provisions were irregular, fluctuating
chiefly according to changes in the hog
market.
The Chicago grain letter received yes
terday by the Overbeck ft Cooke company
of Portland follows:
"Wheat The market showed Increased
activity today and responded more read
ily to bullish Influences. The early weak
ness In the December delivery induced
some selling of the deferred positions, but
offerings were well taken, More atten
tion was given to the strength In the Win
nipeg market following the report that
between 4.000,000 and 5.0OO.(8M) bushels of
Canadian wheat waa taken for export Sat
urday. The increase of T33.49JO bushels In
tho visible supply was Insignificant, con
sidering the large receipts and indifferent
demand from domestic milling Interests.
All cash markets were strong today and
country offerings appeared light from all
positions. Since September 1 bullish en
thualasm has been held in rhis k on ac
count of the pressure of Canadian grain.
If our advices are anywhere near correct
it would appear as though that obstacle
has been definitely removed. It is our
opinioa that wheat will be a scarce article
before many months and the futures mar
ket la very apt to discount the situation In
advance.
"Corn Active buying by elevator inter
ests took the surplus off the market early
in the day and when shorts endeavored to
cover, they found little for sale. Receipts
were the large.it of the season, estimated
at 1000 cars, but the demand was fully
equal to the supply and cash prices rela
tively firm as compared with futures.
Shipping sales of 230.0(8) bushels were
made, of which I6O.O0O bushels went to ex
porters. Commercial users of corn will
very likely take advantage of this run to
secure supplies and we believe the investor
will do well 10 take advantage of present
prices to make purchases of futures.
"Oats Showed strength with other
grains and on buying led by shipping in
terests the cash market was steady on re
ceipt of 1.10 cars. The visible supply de
creased 86.OO0 bushela for the wk and It
is generally conceded tha4 stocks will di
minish from now on.
"Kye Trade was small, but the market
was strong with other grains. Kxport
bids were in the market at the opening."
Leading futures ranged as lollows:
WHEAT.
Open. High
II 14 -4
104 '.4
CORN.
.63
.3.1
OATS.
.38
.39
MliJSS PORK.
Jan. 14.60 14.60 14.00
LARD.
8.72
8.72
SHORT RIBS.
7.70 7.80 7.70
7.93 8.o3 7.95 8 l
ash prices were:
Wheat No. 2 hard. J1.09B1 10
Corn No. 2 mixed, 4 t Vli 4f 47 c; No,
yellow. 474'48c.
oats No. 2 white, 86437c
while, 33 S 35 1 - c.
Rye No. 3, 83c.
Barley 19 'if 3.1c.
Timothy seed $.1fT.10.
Clover seed (12. 50(18. 50.
Pork nominal.
Lard JS.7,1.
Ribs (7.37 0 8.25.
May 11.22
July
May
July
May
July
Jan.
JI ay
Jan.
ilay
1.02
.32
.54
.37
.38
8 70
8.70
T.ow.
1112
103
.62
.54
.37
.38
8.70
8.70
Close.
1.14
1.04
.63
.64
.38
.39
14.63
8 72
8.72
7.80
No.
Bid.
, Foreign Bonds.
Foreign bond quotations furnished by the
Overbeck ft Cooke company of Portland:
Hid. l.k
rjeigian rest as .........
Belgian prem 5s
Belgian 7s. 1945
Belgian 8s, 1941
Beiiitn 6s. 1923 .......
Brazil 8s. 1941
British 5s. l:i22
British 5s. 1927
Br tish 5s. 1929
British vky 4s
British ref 4s
Bordeaux lis. 1934
Canadian 5s. 1937
Canadian 5s. 1926
I Canadian 5s. 1929
Canadian 3s. 1931
Canadian 58. 1927
Chile.in Ss, 1941C
Currency ,
Denmark 8s, 1945
Dan Muni 8s. 1943
French 4s. 1917
French 5s, 1920
French 6s. 1931
French 7s. 1941
French 8s. 1945
German W L 5s
Berlin 4s
Hamburg 4s ............
Hamburg 4s
Lelpsig 4s ............
Leipslg 5s
Munich 4s ..............
Munich 6s ..............
Frankfort 4s
Italian 5s. 1918
Jap 4s. 1931
Jap 1st 4s, 1925
Jap 2d 4s. 1925
Norway8a. 1940 ........
Russian 5s, 1921
Russian 6s. 1926
Russian 6s. 1919
Swiss 6s. 1929
Swiss 8s, 1940
U K 5s, 1922
U K 5s. 1929
U K 6s. 1937
Primary Receipts.
CHICAGO, Dec. 19. Primary receipts:
Wheat 1.033.000 bushels, versus 1,920,000
! bushels. Corn 2,523.000 bushels, versus
I 902.0O0 bushels. Outs, 722.000 bushels,
I versus COT. 000 bushels.
j Shipments Wheat 630.000 bushels, ver
sus 5711.000 bushels. Corn 730. 'rK) bushels,
j versus 2U5,0"0 bushels. Oats 499,000 bush
! els, versus 383.000 bushels.
Car lots: Winnipeg, wheat 806. oats 218.
rye 96, barley 42. Minneapolis, wheat 350,
corn 74, oats 5. Duiulh, wheat 42. corn
bd, oats 11. St. Louis, w-heat 78, corn I S3
oats 56. Kansas City, wheat 316, corn 111,
oats 13. Omaha, wheat 64, corn 159,
oats 24.
62 63
69 74
104 10.1
104 104
95 9.1
104 104
425 43.1
420 4.10
419 429
326 3)6
3(i3 313
80 80
93 93
90 96
97 98
96 9.1
91 93
100 101
8 10
108 IOO
107 107
49 60
09 71
59 61
95 95
100 100
3 6
4 6
4 6
4 6
4 5
6 7
8 6
7 9
6 7
354 86
T4 T4
87 87
88 87
108 109
12 14
2 3
12 14
95 9.14
113 113
98 99
99 99
95- 95
Grain at Ban Francisco.
SAN FRANCISCO, Dec, 19. Grain
Wheat, milling, 1. 85 193: feed. $1,853
193; barley feed, $1. 23d! 1.30; shipping,
$1 3ui 1 40: oats. red feel. $ 1 .40 fl 1 .110;
Management
mF$v l
:-, :VJs.-V ? If V'-i I?. .
1 :
Foreign Exehanirtto
Foreign exchange rates at the close of
buslnen yesterday, furnished by North
western National bank, of Portland. The
amount quoted ts the equivalent of the
foreign units in United Sla4.es fan da: !
Country Unit. Rate.
Austria, kronen I ,010
Beiglum, francs 0TJ0
Buisrarta. lev OHM)
Czech o-Slovakia. kronen 0135
.Deiuxuu: kroner f i 11
t- v - i
corn, wnite Egyptian, tl.T201.TTM; rad
mllo. 81.42 1.45.
Hay Wheat. 1719; fair. 114917
tame oat. 315618: wild oat. SU&13; al
fairs. (134416; stock. ue 12; straw.
sioeia.
Minneapolis Grain Market.
MINNEAPOLIS, Dec. 19. Wheat De
cember. St. 22; May, 31.21; July, SI-IT .
Barley 87050c.
Flax. No. 1. S191gl.8.
Wlnnlpec Wheat Market.
WINNIPEG. Dec. 19. Wheat Decem
ber, tl.09; May, St. 12; July, tl.lL
Seattle Grain Market.
SEATTLE. Wash., Dec. 19. Wheat
Hard white, soft white, white club, soft
red winter, northern spring, 31.08; hard
red winter, 31.09; eastern red Walla,
31.07; Big Bend bluestem. $1.12.
City dellvery--Hay. timothy, $24; D. C,
$28; mixed, $21; alfalfa, $18; D. C. $23.
Straw, $15. Barley, whole, $33; ground
and rolled, $.13; clipped, $40. Chick
starter, $54; chop, all grains. $36; cocoa
nut meal, $28. Corn, $.13(8 34; cracked
and feed meal, $37. Cottonseed meal, $44;
linseed meal, $58; mash mixture egg, $40
4j46; scratch food, $4004.1; jmy bean.
$60; wheat, $44; Fwget sound, $42.
Metal Market.
NEW YORK, Dec. 18. Copper, steady;
electrolytic, spot and nearby, 13tll4c;
later, 14c.
Tin, easy; spot and nearby, $33c; fu
tures. 33c.
Iron, steady; No. 1 northern, $19.60
20.50; No. Z northern, $19620; No. 2
southern. $17 504l 18.30.
Lead, steady; spot, 4 70 4 80.
Zinc, quiet; East St. Louis delivery, spot,
4.90O4 95c.
Antimony, spot, 4.50c.
Cotton Market.
NEW YORK. Dec. 19. Spot cotton
steady; middling 19.00c.
Diilu.th Linseed Market.
DULUTH, Dec. 19. Linseed on track
S1.94vl.Ua, to arrive $1.94.
New York Sngur Market.
NEW YORK, Dec. 19. Raw sugar, cen
trifugal, 3.67c; old crop. 3.86c; refined
tine granulated, 5.20c.
DAILY CITY STATISTICS
Marriage License!.
BUTLER-FAIRHUR6T Alton Frantz
Butler, legal, Turner, Wash., and Sell
Kairhurat, legal. Multnomah. Or.
JACKSON-UUDANAURO Ivan Jackson,
legal, ai'l San Ktfa.-1 street, and Meor
marta Budanauro, legal, 605 .Lovejoy
atreet.
.MBKAMS-KOROMITIS Gust Mekalis.
legal, J.odi, Cal., and Maria Koro;nl Us, le
gal. 1M Kast Sixth street.
JOSEPH-JOLI)HKKG Barnett R. Jo
seph, :!., 145V Twenty-first street. North,
and Ceila L.. UolcJberg, 2o. 143 Vi Twenty
first street, North.
ADAMS-MAKSTKRS Hector Adams, le
pal. Woodwj.rU avenue, and Amy Mar
sters. legal, Portland.
POTTKR-ERICKsHiN" Roy M. Potter.
24, 8i! Twelfth avenue, and Kather C
Erickson, 20. t20 Hood street.
KRISTRL'P-DA HLHKRll Mads Frlst
rup. legal. 746 Borthwick street, and tien
evieve Uahlberg, legal, 71 Overlook
boulevard.
JOHNSTO.V-PUGH Elmer E. Johnston,
legal, Salt Lake City, Utah, and Ieona
Put;hr legal, Portland.
Vancouver Mania$r License.
McPHEETEKS - SMITH Orvlll Mc
Pheelers. 37, of Kennewtclt. Wash., and
Ida M. Smith. lrgal, of Vancouver.
WAK1 YAMA-DUMKHES Ueorgs At.
Wakiyama, of Sun Francisco, and
Beatrice Lucllie Dumerea, 23, of Phoenix.
Ariz.
GRACE-FEHR Edwin E. Grace. S3, of
Portland, and Susie Fehr, 19. of Portland.
GOVERNMENT BONDS
Kingdom of Norway
sy2
Coupon Bonds
Denomination, 19 16s 5d Kroner 360 Francs 500
Investment Opportunity: At a cost of $43 per bond the inves
tor will receive an income of G.OGCe and a profit on the principal
of $35.25 (73To) at maturity. Should Sterling advance to its
fold parity of $4.86 the investment increment will be $48.4i
(1007c) on the principal and an increased interest yield to7.02Tf.
Following table shows dollar maturity values, etc.:
Sterling at 4.20
Maturity value
Increase over cost
Dollar income
Current yield
Above table based on
Francs 500.
4.40
39.22
3.04
,?S3.25
. 35.25
, 2.91
. 6.061. 6.S3TO
bond of 19 163
4.60
$91.18
43.18
3.18
6.62r
4.86
$96.46
48.46
3.37
7.02
5d, Kroner 300,
Three options: The investor has the privilege of demanding
payment in either Sterling:, Kroner or Francs, thereby benefiting
by the advance in either.
PRICE PER BOND, $48
We highly recommend these bonds.
Robertson & Ewing
207 Northwestern Bank Bldg.
'PORTLAND, OREGON
DAILY SLETEOKO LOGICAL KEFOKT.
PORTLAND, Dec. 19. Maximum tem
perature, 2tl degrets; minimum, 1 degrees.
Rrver reading, li A. M-, 0.2 leet : change In
last 24 buurs. 1.2 feet full. Total rainfsll
ii P. .W to i P. M ). trace: total rainfall
Ince September 1, 1121. 18.t8 Inch's; nor
mal rainfall since September 1. Ill 40
Inches; excess of rainfall since September
I, 1SM, 1 S Inches. Sunrise. T:4 A. M. :
sunset, 4:'J7 P. 11. Total sunshine Decem
ber 10. 01 minutes: possible sunshine, 8
hours 39 minutes. Moonrlse Tuesday. 11:38
P. M. ; moonset Tuesday, none. llsrome.
ter (reduced to spa level) at ft P. M.. 211 V
Inches Relative humidity at S A. M.,
per rent; at noou, 43 per cent; at ft P.
M., 46 per cent.
THJ WKATHIR
8TATION3.
35
ft"
2 5
Wind
Waa tas.
linker
H"lse
Boston .....
Calgary ....
Chicago ....
Denver
Des Moines. .
Kureka
tlalveston ..
Helens
Juneaut ....
Kansas City
l.os Angelea
Marshfleld ..
Medford ...
Minneapolis
New Orleans
New York...
North Head.
Phoenix . . . .
Poentello ..
Portland ...
Roseburg . . .
Sacramento
St. Louis.
Salt Lake. . .
San Diego...
S. Francisco.
Seattle
Kitkat
Spokane ...
Taroma ....
Va 1.1 ext
Walla Walla.
Washington
Winnipeg ...
Yakima
HI: 2.' l)
241 32 0
44 O
-211 -M 0
SS( .Is
1: 82 0
22 3tl 0
ax' an o
Ml' tiltO
12: -).
. . 32 l
SOi 4H0
ll) I.
40 0
S4 0
Citll
64 l.
42 0.
21 0.
72 0.
SO 0.
211 0
34 (.
S2 0.
4H O
34 0
fit 1 .
.VI 0
2M 0
-40 0
( 12 0
, ..I 2VO
. . .1-2O 0
4; 1 0.
3s; 42 0
-S -8 II
121 140
.iw
low
12 SB
. N"
.iNE
lJt. cluuuy
Cloudy
Clear
Clear
Pt. cloudy
Clear
Clear
,'SK 'Rain
12 B cloudy
. .iSW Clear
10 r)
. . .vw
. NW
12 M
SB
I NW
20 B
i.VB
10'SB
14 K
. . N W
in sm
18 SB
. . NW
10 s
14 S
18 N
iCIear
IRaln
Clear
Cloudy
Cloudy
Pt. cloudy
i lesr
Cloudy
Cloudy
Cloudy
Clear
Cloudy
1't. cloudy
Clear
Snow
I't. cloudy
Cloudy
Clear
. . V IClcar
22j NK Pt. cloudy
.'.'SB ciouYv""
. ..VE CIoudy
12 NW Clear
14 NE 'Cloudv
tA. M. today,
day.
-1'. M. report of preceding
FORECASTS.
Portland ind vicinity Snow flurriea
continued cold: easterly winds..
Oregon and Wasnington Know flurries:
eonttnue.l cold: fresh northeast winds 00
We Own and Offer Firm
Payable in Gold in New York
Rate Maturity Trice
DOMINION OF CANADA 3 1&C2 60
PROVINCE OF SASKATCHEWAN 4T 1939 77
PROVINCE OF ALBERTA 4 1939
GRAND TRUNK PACIFIC RY 4 19&5 GoVj
PROVINCE OF MANITOBA 4 1930 f6
REPUBLIC OF ARGENTINA 5'i 1945 72V4
GOVERNMENT OF COSTA RICA BCi 1958 61 '4
GOVERNMENT OF URUGUAY 59i Drawings 6Gi
PORT OF ASTORIA, OREGON 6 1925 Par
CITY OF NEW WESTMINSTER, B. C...6r.'e 19U3 J8V4
CITY OF PORT COQUITLAM, B. C... .77 1941 Tar
BRAZIL LOAN OF 1889 4 Drawing 4Ui
BRAZIL LOAN OF 1S88 4Wo Drawinsrs 4SV&
BRAZIL LOAN OF 1895 5 Drawings 64Vi
BRAZIL LOAN OF 1913 57 Drawing-s 64
REPUBLIC OF CHILE, 1911 5 Drawings .9
PROVINCE OF BUENOS AIRES o','o Drawings
Phone or Wire Orders at Our Expense
A. F. Bernstein & Company
53S NORTHWESTERN BANK BUILDING
MAIN 2672 PORTLAND
OAPRIEt.-J ANNEM Harry B. Oabrl-I.
22, of Portland, and Audrey P. Jannes, 2o.
o Portlind.
F1SM fciH-A L A NDEH Io Fisher. 24. of
Vancouver, and Eva Alander. 24, of Van
couver. Al.LWORTH-COt.E William TT. All
worth. 21. of Portland, and Marguerite K.
Colo. lrt. of Porlhtnd.
PHEA'UTT-hTKWABT Joseph rrescott.
legal, of Portland, and Addle Stewart, It
gal, of Portland.
THUKHKH-AKERILT Hiram Thllrber
42. of Portland, and Zada Akerlll, &7. of
Portland.
MrllKNRY-MAT.LETT Don MrHonry.
legal, of Portland, and Olive C Mallelt
legal, of Portland.
DAVIDSON HARMON C. C. Davidson.
2.1, of Portland, and Martha Harmon. 20,
of Pnrf!nn1
$15,000
Special Improvement
ey2
Income Tax
Exempt Bonds
OF
Idaho Falls. Idaho
DUE 1930
Idaho Falls is situated in
the heart of one of the
largest and best irrigat
ed farming areas in the
entire west. It is a mod
ern city of over 8000
population.
Price 100
Yields of this type arc sarce.
Place your order at once.
LUMBERMENS
Twa TnKT- -BANK
Broadway and Oak
Write or call for full
explanation of this
new way of keeping
your money at work.
Freeman, smith &
Camp Co.
LUMBtRMlNS BLDO PORTUANO
i Saving
plus
"investing3
The habit of putting; a
portion of your earnings
in the bank regularly is
the basis of thrift and
success.
Our Ten
Payment Plan
not only encourages reg
ular saving, but gives
you the benefit of high
grnde interest-paying:
bonds on terms con
venient to you.
Revenue
Act of 1921
We have printed the
complete act with
annotations and a
comprehensive
index.
Copy on request for 0R-4M
The National City
Company
Offices In mors than SO d ties.
Yeon nids;.. Portland, Or.
Telephone, Mala 0U7X
TEXT BOOK of
WALL STREET
192S Edltloa
now ready for free
distribution
McCall, Riley & Co.
8tMH fcisfl tang, of New York
20 Broad St., New York
e e-
Tested
lO Plan
For Investors.
that has proven successful
J months trial
subscription free
The Roc Invewrment Review, puhltwfted
montiily, dcsscrihe. mcrhod of tn vesting
tii at bu prurtm Mtxcaarul by actual ua.
Leam how to mtk your money earn
and multiply. Take your 6rat atrp toward
ftnanctal Independence today by writing
few your fxc copy of L JL No Z4
ROSE & CO.
INVESTMENT SECirBrrrK
BO Broad St, Nw York City
'A
a.
HERRIN & RHODES.Inc.
Established 180
STOCKS, BONDS,
COTTON, GRAIN
CorrasTinndents K. T. JUTTON CO, N. T.
Jtlembers all leading exchangee
Tl n wi ' RrrvtM stat VI la..
Mala 14 SOI ttaUwagr ti.mliamy lildg.l
HOTEL HOYT
Strictly Fireproof. Near bora depots
and coorenient ear s-rvlos to
all parts of eltr.
Mnsle Honma Wllhout Itatb. SI and s
bliiale Kntims With ItatH, $t and ap
IXlitHT 8. KOllt. alanaaer.
JOHN PURSE & CO.
CONRUXTINO PUBLIC
ACCOUNTANTS AND AUDITORS
Sll ARTISANS BCTUUSG.
Broadway 285S.
Ralanee "heeta. Inmma Tax
a'lnanetal Examinations