Morning Oregonian. (Portland, Or.) 1861-1937, February 10, 1922, Image 21

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Morning Oregonian., February 10, 1922, Page 21, Image 21

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Newspaper Page TextTHE MofcNIXG OITEGOXIAX, FKIDAT, FEBRFAUT 10, 1922 V V flPPIT PRIPfQ m Ur; ill I LL I IIIULU MliL , steadily mm Markets Are Stronger Here and in East. ry receipt, while somewhat lighter.? p.e for current ue and price show tut little ehattg?. LOCAL DEMAND IS ACTIVE VI nrsi ps Bri n Up to $ 2 . 5 O a Shipping Point -j Oregon Fruit at New York Auction. Apple prices are slowly but steadily ad vancing in the northwest as well as in some of the eastern market. Locally prices have an upward trend, as shown by the latest Jobbing lists, which quota ad vances of 10 la cents on cook inn trades and an tvenge rise of about 25 cents on the better sorts. la the Interior prices are gradually forcing ahead. Tars of extra fancy Wine saps in the Yakima district were sold at J2.-I4 and in Che Wen tehee section as high , as S2..10. Current local quotations on the various kinds and grades follow: Onl-y Extra f Buk Clearing. nsnK ceartejrs of the north western cities j . u,., were u ioiioi: - ;iearin!. Bala nee. rr ns .733.340 $ MrO.434 V- 4,204.4.-9 ft.7.15 avoma. transact. on ; 042 poaane, transactions 2,901, li Banker Arreptanres. nona on inkers' acceptance fol- v-- Days 30 SO IW Prime .Hit,!.!, member,, pet. . 4 4 4 "' m-memper. per cent. 4H , 1.V. IK)-. II Horn" Tf.aoty Kxfra fanrr. ??.. SOs, J: fancy. 12k, -. 7,1; fancy. ho.. ha. -' " -' : fancy. 9. or Hs. S'-J.Ti; choice. 72a. 2.M: chni.c. Mia. a. i00; choice, DKa. or 100a. fj.-'io. SpilK-nberg Kxtra fancy. 1 1 2s. ISL'R: "'r lancy. 1:.. (1'7S; extra fancy. 13NS. $2.SU; extra, fancy, 1.'s. It3. $J.3."; extra fancy. 1,.... J- 0: extra fancy. Ihas. Il.lt. fancy. ll:.'.. fancy, !:.'..., $2..V: fancy, 113". tl!; choice, 11 JiiO; choice, 125a, - - Yellow Newtown Extra fancy. 72s, 13, extra fancy. Mia. USs. 3 : extra fancy, ltts. lonn, .): extra fancy. 113a. 2"75; extra fancy, i j.la, j:: SO; extra fancy, lSHs. extra rancy, i.h. mm. 9 -: extra Ian 1... J-': fancy. 96s, or 100s. a?. 7.1; fancy. Mi'.. ,::..-; lancv. 1:;... xj.'J.'V; fancy. 13., 2 10: fancy. l.'.Os. Ifi3s. ,2; choice. 9a. lOrta, 2.r.O; choice, 112a. J2.2.': choice. 12.1s, 2: choice. 138a. Jl.ei; choice. 150a. l3a. Tellow Vewtowna fcookersl Jnmble. 4-flr. IT 75: Jurrble. 4. 4-tler, SI.WI; tumble. 4S-ier. $l..o: Junible, 44, d-tier. ,1.3a; lUtnbie. a-tler. ,1 2ft. At the New Tork auction, Oreg-on apples old aa follow.: l.tfla boxes Newtowna. ex tra fancy, medium to very large. 93.1 3 30; fancy medium to very large, $2 7.1r J.0O; trade. Iurp to very large. J2!Hltf 3 0fl. Fourteen hundred and t.n boxea Ort-l-ya. extra fancy, all sizes, f3i3.30; fancy all slx-a. 12 Jt 3 1" Northwestern boxed apples sold to New Tork lilb-ra at the following; ranges: Spltxenberc. extra fancy, large to very lame, S4x.-4 2.1; small to medium. II SOW 3 71. Rome., extra fanoy. all sixes. S2 HA 3 2.". mostly f.tw3 ; fancy all sizes. $?7.1tt3. romhinril fancy and C. all sixes. I240W2.H.Y Jonathans, extra fancy, me dium to larse. $2 7.'xi 3. small to very small at $2.2572 .Ml. Wlnenaps. extra fancy, me dium to larre, I3.75U4: small to very small. S3r3.- Telicious fancy medium to very larse, tin 4.50. Total appls shipments from all ststes for the season to date have been 74.291 cars as compared with 93.697 cars In the same period last season. POR1X.4.ND MARKET QIOTATIONS f-rala, Hear. Feed. Etc. Merchants' Elchanie. noon session: Wheat Hard xhlt .-'rt white "" White club .""nil Hard winter Northern spring .... Red Walla . .. . ...I.III !T u:s Vo. 2 white feed No. 2 gray Barley Brea ins .... Standard feed x,ort x No. 2 E. T. ffhtnmenfr. . No. 3 E. Y. shipment r I.UL R Family oatenta IT All hkl - whole wheat. a.0; crahant. 40; bakers' hard wheat. 7.70: bakers' bluestem int ents, valley soft wheat- IS O.,: atrairhts. J5. . Mll.LFEBD Price f. o. h vmiii. mm. run. ton lots. $24; mixed esrs. atrairht " Per ton: middlincs. S.1K: rolled , rJ''yi.?3''37: roI!'J oals. 3; scratch feed. SIS per ton. t-ORN White. S32; cracked. 135 ton. a.I ."y"" ,r'c, - Portland: Airaira. 113. V0 per ton; cheat. J10.-.OT11; oat and vetch. 114.M: clover. Ill: valley lmo'' 14lsi eastern Oregon timothy atoljl li. Bid Feb. March .$ 1.1 l is .. IIS 1.16 .. 1.16 1 II .. 1.17 1 17 .. 1 14 1.14 .. 1.11 1.11 . .2? MO ' S9 no ..17.00 27.00 . .200 2 00 ..27.00 Z7.00 .26 no 26 00 .25 73 2.1.73 STEEL UP THREE POINTS LOW PKICED I -AILS ARB; ALSO STRONG FEATTRE. AH Domestic War Bonds H Except Victory 5 s Reaction in Foreign Exchange Rates.. her wpyngs, turkeys. 22c: live VOLl ME OF WHEAT Bt'VING IJGHTKR Uttle Chjuigs In Of fern for Milling; Grain In Csnotry.- Wheat prices a traced a rent lover en bid at the Merchants' Exchange, but of fers In the country were practically the urn as on Wed neaday. $1.17 for cl uii 91.14 for hard winter. St 25 for Turkey and around f ! HA for choice bluestem and mar quis. Trading was on m smaller scale than on the preceding day. The IaJveepool wheat market tWiset Sd higher. At Beunoa Aires wheat opened 2 V rents higher. The Taxes crop report gave the condl- t'on of winter wheat as around 42 per cent. Terminal receipts. In cars, were reported by the Merchants' Kxchange as follows: Whcat-Bar!y.FIour.OKt9.Hav Tortland Thurs. 1 1 OS T Year a co 3 ... 10 Season to dale. 151 JMi .", 1271 Aear affu 11141 1(H) -14 3t.' loir.' Tiooma Wed . . 2 A - 3 2 Vfr acn lrt ... 2 Saon to date. 37 P 10?O 112 Yfar aRo 47 (kk. .t 67 tt Sfa'tl- Wed. .. iVH I 3 4 i Yr-ar atro R - . . . 4 ... 1 Nann to date. IS 7 flf., 1217 Year ago ol Ut 311 10S5 rRl'NE OlTL(H)K IS MORE HOPEFVL Operators la FjkAt Kxpeet Improvement Near Future. Although the prune market in the east Is quiet., the outlook Is regarded by men in the trade as hopeful, and they believe Improvement in the situation is not- far off. Trade advices from New York say of the market: 'There Is no question as to the firm poMt.cn of the packer, as he is not anxious 10 seif hts stocks now, and it is generally ( admitted that stocks are light in the west and in the hands of Jobbers. All that Is la-klng Is a brisk spot demand, and upon this rhippers are counting, as there are a number of favorable selling months ahead. The west has maintained all along that New lork was the weakest market in the country and that It more or less influenced ottur Jobbing centers. With old prunes cleaned up there remain only ccmparative:y light supplies of 1921 packs, shippers say. and these "are in strong "Vand. Prunes are the only fruit in com. ifierciaily large upply.' Dairy and C anntrv Prtwlnr. BUTTER Cubes, extras. 33rS4c per lb.; nraDDfn. DOI nil at 1 r. - e-a r-t on . 42c. Butterfat. buying prices: No." 1 grade. -v. ue-.iirrt-u i on i,na. KfJJi5 buying price. 2-"27c dozen .-Mu.t., jonoing prices, cascount, 272Sc; ve, ..u,r urn n. tfiic; assviation, selects. iions, iirscs, aw; associations, CHKEyi-; Tillamook triplets, price joDocrs, i. o. b. Tillamook, 26c; Young ...- i i. aa, .it pouna. POULTKT Hens. I7t5 24c oucas. xr 'kc ; seese, nemtnsl; dressed. 40c. PORK Fancy. 18'jc tier pound. EALe Fancyr 106 16c pound.' Fruits and Vecetables. Local jobbina; quotations: 1" It l ITS Navel nranee. liUAIlUh..- lemons. Hffi.jO: srapefruit, (;i.3097.60 TV- D"n"n"- Io per pound; apples, . . vv .... i'cti dox. rraniwrri.i .aat.m eo per oarrei. rui AlcltsOrrroll. II 7.-,2 nee inn pounds. lakima, 2ffl2.-0 per 100 pounds: sweet potatoes. b-,tto.c per nounrt ..aucy nan, n.ow per crate. ONIONS Tellow. J7 6 7..-.0 per cental. X EtKTARI.Kd Oahhnr ( nonnd lettuce. P utl io crate: carrots. 11 jO aarnc. ijc per pound; rreen peppers, 4-1y."K)c per pound: beets. 12 per sack: eeiery. wucxr.1.40 dox.; cauliflower, per crate; squash, 4c: sprouts. Oc: parsnips. .1.504T2 per sack: tomatoes. .VSi) per Iuk; artichokes. per aoxen: cucumbers, S2.0vf2.73 dosen rhubarb, Ijffliia: pound. 8tavple .roceries. Local jobblnir quotations: Sl'GAR tsack basis) Cane, sranulated. be pound; beet. o.0c per pound. XlTa walnuts, new crop. 23t36c per pound: Hraxil nuts, Z3c; almonds, 2ic; peanuta. 110 14c per pound. R ICE Blue Rose, sue per pound : Japan sty e, one per pound. COFFEE Roasted, bulk. In drums. 150 -5Nc per pound. SALT Oranu'atea, bales. .i:.i6l.u; half around, ton. bOs. 317: 100s. xih. HONET Comb, new crop, l.uOBa.iO per case. DRIED FRUITS nates. it.c per pound: fiits. $1.40ig3.."i0 per-box; apples. l.'ic pound; peaches, 16c; apricots, ic; Drunes. 0u3c. BEANS Small white. B4c: larire white, 4.c: pink, be: bayo, 6Uc; red, 6c; lima. SsC pound. Hides. Hods Etc. HIDES Salt hides. 6c: salt bulls. Itreen bulls lc leas: salt calf. 12c: salt kip. c: salt horse bides. 11 2 each; dry horse hides. ftOctill esch: dry hides, 10c; dry run bides half price. PELTS Dry pelts. 13c flons; wool ; dry short wool pelts, half price; sail pelts, fti tl esch: dry Boat skins. 10c tlons; hir shearirfts snd short wool kins St vslue. TALLOW No. 1, l';c; No. 2. 34c per I'ASCARA BARK o pound delivered. Port !snd. ORKUON GRAPE Grape root. 8c per pound. HOPS 1921 crop, nominal, 1.1c pound WOOL Eastern Oregon. l."t.0c per nound: valley X. wool, medium. 18020c quarter blood. Life 17c: low quarter blood, 14t lc: braid. 12irl4c: matted. Heine. MOHAIR Lons staple. 20c; short staple, 10c pound. GRAIN BAGS Carlots. 7e coast. NKW TORK. Feb. . Apprehension stirred by soldier bonus legislation de velopments exercised a depressing; effect on stock market operators early in to day's exchanite session, but apparently was allayed, the market enjraa-ins; in a bullish demonstrstion In the final hour. I'nited Statea Hteel closed at a rain of almost three points, affiliated issues also rlsins; one to three points. Buyinr of tow-priced rsils was another feature, the demand for Seaboard Air Line common and preferred. St. Louis South western, preferred. Kansas City Southern, Colorado Southern. Rock Island and Pere Marquette common and preferred resulting in cross e;ina of one to four points. People s Gas. food specialties, shipplnlrs snd the oils and niotora were asain bid up aa-atnst the shorts. The few bsckward fea tures Included tobaccos and Columbia Graphophone common and preferred, the latr breskins sharply on announcement of receivership proceedings. Sales were 735,- 00O shares. The open rate for call money held at ft per cent, with the usual shsdinff to 4x4 per cent in private loans on high grade col lateral. Time funds were quoted st 4Hxo per cent, the low rste prevaillne; for SO to 90-day accommodations. After a further sharp rise In which de mand sterling was carried to the new high of $i.38U, foreign exchange reacted abruptly, the British rate falling to 4.3."4. Continental rates reflected these sudden changes, aside from Danish. Nor wegian. Swedish and Greek remittances, which held at or above highest quota tions of the previous dsy. Foreign issues continued to lead the bond market to higher ground. United Kingdoms snd French. Belgian and Chi nese offerings were especially strong. Con vertible rails featured the domestic list, notably Seaboard Air line fives and sixes. Victory Ss were the only noteworthy exceptions to the better tone of United States war flotations, easing to below par. Total sales, par value, aggregated S15.- 73,000. CLOSING STOCK QUOTATIONS. (Furnished by Overbeck A Cooke com pany of Portland.) do N J S'oss Sheff . Sou Pacific. . Sou Ry Stand Oil Cal St L S F . . Sternberg Crb , Studebaker . Swift Jt Co.. Penn C Ch Texas Oil Texas Psc .. do C A O.. Tob Products Tran Con Oil Union Oil Del Union Psc I'nited Drug. United Yd Pd United Fruit. Union PAP. U S Cat I Ppe U Ret Stores V S Ind Aich V S Rub do 1st pfd. U S Smting.. U S etteel do pfd Utah Copper. Va Chem ... Van Steel ... Vivandou ... Wabash do A pfd.. do B pfd .. Wells Fargo. Western Pac. do pfd .... Weetrn Union West K M. do E A 31. West Md . . . White Motors Wlllys-Ovld . do pld Wilson Pckng Wool worth .. Worth Pump. & L E White Oil .. 400 V 400 1.9O0 300 7m 101) 44,000 4O0 8O0 3.000 l.fiOO 9iO 12 0O0 1,100 1.4O0 400 c.oo BOO lY.3n 3.100 2.3rtO 1.200 24.200 loO 3.10O 3,700 7O0 70O 2.600 200 '"floo 1.200 1.200 lOO COO 200 'boo' 200 200 17 4i 2S 1H 944, 40 96 176 40 82 1 94 23 'a 40 94 7. .176 S Ruhbcr 74.. 1930 104j, 40 IWllson 1st Ss 192S S414 fi2West ETtc 7s 1925 inii ls's . Westingliouse 7s l!:ll 107 94 - I Zurich be ..1845 1US a -1 ' 1 Foeeia-n Bonds. 4 a 3TH 2.-.X, S8 IO 19--4 ISO', 6 JS 134 23 55 H 44 54 , 44 S0 24 63 9 19'. 128 -a 67. 132, 23 54 4 43 102 10 'i 44 Sl, 25 63 'i is u 129 Foreign bond ouotations furnished by Overoeck & Cooke company of Portland: Belgian rest do prem ,"s . , do 7 Us. 104i do Ss. 1941 .. do 6s, 1925 . . Brazin Ss. 1941 "irx 1 do 5... 1027 . . - . 1 133 25 64 x. 44'i 54 H 334 89 8'4 811 4 116m 116-4 1 1 "4 61 1 61 SO 35-4 - 33'.s 3bSi 7 7 7 74 7 7 21 14 '51 21 IS 80 16 15 15 53 84 89 89 53 52 53 53 52 53 9 9 9 38 38 38 5 5!4 5'i 27 33 33 33 151 151 151 46 45 46 7 9 8 S Sales. 2,600 Adams Exp. Advance R. Air Chem ... 200 AJax Rubber. 1,300 Ai&ska 'Gold.. ..... do Juneau.. 600 AIHed Chem.. 700 Al'is-Chal ... 800 Am Bt Sugar. 200 Am Bosch Am Can Co.. 1.200 do pfd .... ..... Am C A Fdy 500 do pfd Am Cot Oil ... "h10 Am Drug S. . 300 Am H A I.... 400 do pfd ..... 500 Am Ice 500 Am Int-1 Corp. 3.OO0 Am Linseed Am Loco do pfd Am Saf Rax.. 100 AmSAC... TOO Am Smelter.. 1,000- do dM .... .. Am Snuff Am Steel Fdy 900 Am Sugar ... 7.50O do pfd ' loo Am Sumatra.. 2.50O Am T A T. . . l.lioo Am Tobacco.. 300 Am Tob "B". Am Wool Am W P pfd. Am Zinc ..... Anaconda .... Assd Oil .... Atohison .... do pfd .... A o A W I.. 2.200 Baldwin Iaco 26.700 do pfd B A O 1,300 do pfd .... IOO Beth Steel B. "8.900 Booth Fish.-.. 100 B R T 1..V0 Butte C A Z. 200 Butte A Sun.. 10.3OO Rams Bros... ..... Caddo Oil . . . Pa?k... High. 5 a "33 15 58 45 36 "7 ii7 '26" 14 63 94 43 "1)W. 47 la 58 43 36 "36 147"" 'i 6 14 65 94 41 Kx-dividend. BONDS. U S 2s re 101iiN T C deb 6(1. 99 do 2s cou...101N Pac 4s 84 do 4s reg...104l do 3s 61 do C-V 4s COU.1046i!P T A- T 5a 94i Pan 3s reg 80:Pa con 4s... 94 do as cou.. so. S Pac cv 7a... 96'. A T A T cv 6s HOVIS Railwav 5s.. 90u Atchen gen 4s 88 Un Pac s I D A It con 4s. 73 S Steel os... 100 Liberty Bond Quotations. Liberty bond snd victory bond quota tions at New York as furnished by Over beck A ACooke company of Portland: Open. High. Low. Close. 95.50 96.54 95.50 96.40 ..? 96.20 96.40 96.70 9600 96.00 99.50 96.30 96.20 96.30 96.16 96.24 96.00 96.04 97.26 97.36 97.22 97.28 9630 96.38 96.26 96.26 Liberty. 3s. do 1st 4s. . . do 2d 4s... do 1st 4s .. do 2d 4 s. . do 3d 4V.S. do 4th 4s. Victory 4s. do 3)s.... .100.10 100.60 100.10 100.10 .100.00 100.04 99.9S US.96 Mining Stocks at Boston. BOSTON. Feb. 9. Closing quotations: Allouex Cal A Aria... Cal A Hecla... Centennial ... Cop Range... East Butte... Franklin .... Isle Royals... Lake Copper.. Mohawk IS 14 (North Butte. . 08 Old Dominion., .280 Osceola , 12 Quiney . 42 Superior . 11 Sup A Boston... 1 Shannon ...... . 24 Utah Con 2Winona . 56 j Wolverine 12 24 32 18 2 1 1 2 40 1014 3.500 68 106 4 8 45 33 67 9.1 28 1 118 137 4 8 45 33 65 95 26 U 117 136 1.800 83 82 200 :,600 13 48 13 47 1.400 87 96 26 103 2, 11 5 26 100 35 53 1 7 10 5 26 BITTKK MARKrrf-- G4MU SH Al'j; 1-ateM Advance In prints May Be t.enerallj - followed Today. 1 The J-cent adiani e in print butter prices was not generally followed yesterday, but It Is expected all the creameries III be In line with the new price today. The de mand for cubes vta-i (airly active. Egg- were leas active than on Wednes day, but the day's receipts cleaned up talrly ell. Buyers offered from 25 to 27 cents to country shippers. On the street " Lnre a ere rei-ales at 27 and 2t cents, case ctunt. Poultry. a steady, with a good city in. nuiry. Country dre--ed veal taas weak and I. er again, at 15 and 16 cents. Dresaed i J Provisiona. , Local lobbing quotations: HAMS All sixes. 29&32r: skinned, 24 3jc: picnics, ltmis'.c; cottage roil, -.c BACON Fancy. :s24c; choice, .'Sff 30c; standard. 22J24c. LARD Pure, tierces, 14c pound; com- orescd. tierces. 13c. DRY SALT Backs. 188 Jtc; plates, 13c. Oils. LINSEED OIL Raw. In barrels. 95c o-sai!ori cans. $1.10: boiled, in barrels. 97c 5-cai)on cans. ,1.12. TERPENTINE In drums. $1.15; 5-eI Ion cans. ,1.30. WHITE LEAD 100-pound kegs, 12c per pound. GASOLINE Tank wagons and Iron bar rels. 26c; cases. 8c. Standard Oil Mocks. Standard Oil quotations furnished by overoeck A uooko company 01 i'ortiand: WHATHUH ( HIK KS CKEAM oCTPl T Lighter Production Ailiaacn Lgg Price. In (jnlrra Mates. C"Uler weather throughout the western Trotl-jring ae.-tions caused some decrease In the .deliveries of cream, resulting in higher prices for buttcrfat. says the weekly produce review of Swift A Co. of Chicago. Lighter production and keen demand hsxe caused an adrance in the price of resh eg. hut aa the season advance and larger receipts are available, more mod erate prices are lik.lv to rreva'l. XJVK ARK Xi Tllr: MIRhllT FOR BUTTER Write or Hire wkii . aw Hate to Offer. bh t: VAi.i.m i'hoiii n: ni. 4 araer r oarih and l.llua Mtrrla, l-ortlaad. Or. Anglo Borne Scrysmer . Buckeye Ch.es. brough .... do iTTd Continental Crescent ......... Cumberland ..... Eureka i:alena com Galena Old pfd... tlalena New pfd.. Illinois Pipe Indians Pipe National Transit . N. T. Transit Northern Pipe Ohoi Oil Inter'l Pete I'enn Mex Prairie Oil Prairie Pipe Solar Refg 'Uthern e pe .... uih Penn OH W. Pnn Oil . o. Ind O Kansas o. Kentucky O. N. T '.. S. O. Ohio do p(rt Swan A Finch -uum Wah;ng!on ...... S O. Nebraska Imperial Oil Closing. Bid. Asked. 17 17 323 350 91 93 18.". 195 109 112 128 131 32 38 132 142 87 911 42 43 106 H8 10O 1114 186 187 88 91 281, "O.j 154 157 U"l 1 OS 267 270 ?. 14', 14 IS 19 51 540 .I40 144 , 360 370 HI 96 187 1 60 64 85 8.1 .VIO 370 4.1.1 46.1 364 364 ...3sO lll 119 1 20 3i Tt 316 33" . .. 28 32 1 6.1 173 . lul 103 pper weak; 13ei3'xc: Metal Market. NEW YORK. Feb. eleclrolyt-e, spot snd near-by, futures. 13'. to 13Sc. Tin Irregular. Spot and near-by. 21.12c; futures. 31c. Icon steady: prices unchanged. ! -ed steady: spot. 4 70c 4 Hoc. Xinc qiret; East St. Louis delivery, spot, 4 50 j 4 55c. Antimony, spot. 4.40c. LONDON, spot, isl 10. Tin. 11.14 7s l.f.d,-.:i. Z.nc..'4. 2s Feb 9 Standard electrolytic. 6T. 6d. 6d. copper. HONEY We have a xerv good outlet. Consign sll mi have, strained and comb. both. Ia '! returns guaranteed. Write for laB' TfK sj.sjixfxu jxj-, 104) KswBt SL. rortiaaa. Or. Coffee Kutares Lower. NKW YORK. Feb. The market for coffee futures ' closed 3 to 8 points net lower. i.e were estimated at about 31VOOO bags: March. !2: May. 866; July, see: epiemoer. ee.; v'ctoaer. S65; De cember. 84. Spot coffe wa. reported In moderate demand with prices unchanged at 9c for Rio 7j and 12'c to 12c r5r Santos 4a. Naval SAVANNAH. Ga.. frm: -1c; .a'ea. St ments. II: stoca. 67a." Roam f.rm; sales. 27 : rece'pts. 494; sh.pmeets. 112: S'.ock, 73 46T. Quote: b" Jlt'.V D. 14 1": E. F. G. H. I, 14 I.'. tr 4 K 4 45w44: M 35.10; N, (3 40tr5.45; WG. i': WW. 16. Feb. Turpentine : receipts. 11; ,hip- lottosi .Market. NEW TORK. Feb. t. spot cotton. Quiet Midd.inc. li.35. Calif Calif Pet do pfd .... Can Pacific... Cen Leather. ., Cerro de Pasco Chandler M . . . Chgo A N W. Chi Gt W do pfd Chili Cop 4'h:no 51 St P do pfd Coco Cola . . . & O Colo F A I . . . Colo Southern Col O A Elec. Colum Graph.. Con Gas .... Cont Can .... Cities Ser B. Corn Prod . . . Cosden Oil . . . C R I A P. . . do A pfd. do "B" pfd. Crucible do pfd ..... Cuba. Cane ... do pfd Cub Am Sug. . Dome Mines . Del A Lack.. Davison Chem Endicott John Erie do 1st pfd.. Elec Stor Bat. Fam Players.. Fed Min A Sm do pfd Flsk Tire .... Gaston Wms . Gen Ci g-ars . . . Gen Blec .... Gen Motor . . . Glen Aiden ... Gen A.phalt.. Goodrich .... Goodyear .... Granby Gt Nor Ore . . Gt Nor pfd . . Greene Can . . . Gulf S Steel.. Houston OH . Hupp Motor . IPs Cent Inspiration ... Inter Callahan Int arv Int Merc War. do pfd Int Nickel ... Int Paper . . . Invincible Oil. Island OH ... Jewel Tea . . . K C 80 K C Sou pfd.., Kelly-Spgfd .. Kennecott . . . Keystone Tire -ack Steel.... I.ee Tire Lehigh Valley. .orrllarrt .... Lowe Tbeat.., Marland Oil.. Mart A Parry. May Stores... Mex Pet Mis 111 I Mid States Oil Midvaie Steel. M K A T Wi. do pfd Mont Pawer.. Mont Ward .. Mo Pac do pfd M StP A3 S M Nor Amn .... Nat Biscuit . . . Nat Enamel... Nat Lead .... Nevada Con . . New Haven . .. Norfolk A W. Nor Pac NY Air Brake N T Central. . Ok la Prod ref. Ontario Silver. Ontario A W.. Otis Steel Pscific Dev. .. Psc Gss A Bi.. Ponta Allegro Pacific Oil... Psn Am Tet . . do B Penna Peo Gas Pere Marq..4. Pure Oil Phillips Pete. Pierce Arrow. Pierce Oil Pitts 1 '-rti I . . . . Pitts A W Va. Preasd Stl Car Pullman ..... Ray Cons .... Reading 500 500 2.8O0 2.1O0 300 8. 10O 12.300 3110 700 500 oo 900 3.0O0 1.1O0 500 IOO 900 1.000 21. 700 10O 300 'i.'soo 1.300 6.700 ""ioo 5.700 "i"soo 2. SOO 2,500 500 10O 6. 2O0 1.300 1.300 50O 1 .600 8.400 71 49 126 32 . 33 65 67 7 184 16 2 20 35 43 68 41 .69 90 63 103 35 34 '4 ' 62 'a ' 24 19 23 113 81 81 11 16 144 79 71 47 iii" 32 33 63 67 T 16i 16 20 19 84 4.1 67 27 40 69 . 1 90 52 i 102 34'4 33 " 75 " 60 s "9' 23x4 18 23 113 60 '4 80 10 16 143 77 Bid. 59 12 33 13 58 45 35 38 37 92 146 n Swift Co. Stock,, - rv 1 oiosing prices 01 &wiit at co. stocks at 14'?H Chicago were reported by the Overbeck A .vvnQ VU1MW11 VI 1 VlllMHI ma IVIIU.9. Swift A Co 102 Llbby, McNeil A Libby 5 .National Leather 2 do new 10 Swift International 22 Money, Silver, Kte. NEW TORK, Feb. 9. Call money, steady. High, 5 per cent; low, 5 per cent; ruling rate, 5 per cent. Closing bid, 4 per cent, offered at 5 per cent; last loan 3 per cent. Time loans, firm: 60 days 45 per cent; 90 days. 44ia per cent; eix months, 4x4 3 per cent. Prime mercantile paper, 44 05 per cent, Foreign bar silver, 65c Mcxican dollars, 50c. LONDON, Feb. 9. Bar silver. S4d per ounce. Money 2 per cent. Discount rates, short bills, 3 per cent; tnree months' bins, 3 per cent. COLD KKSERVES CAIN DURING, WEEK Increase of Ten Millions Reported By Federal Board. WASHINGTON. D. C, Feb. 9. Com bined resources and liabilities of the 12 federsl reserve banks at the close of busi ness February 8 were reported tonight by the federal reserve board aa follows: RESOURCES. . Gold and gold certificates....! 382,418,000 Gold settlement fund, federal reserve board . . . .v. 514.110.000 300 300 3.600 "(MOO 200 ""'ioo - BOO 500 iiiooo 100 1.500 ' "266 4110 200 400 6.300 500 500 700 13. 200 40O 1.500 "700 4.300 5i0 20O 200 1.000 '.ioo 1.500 2.500 23.700 600 SOO 3 800 1.800 100 " '.ioo 1.30 1.500 "i.OOO V.706 SOO 400 4.0OO 20 S.3 200 700 2.700 6 146 r.l4 36 28 33 74 "76" 75 14 'SS'" 15 71 12 49 15 2 12 24 '38 27 16 47'1 28 59 'ii " 28 33 117 26 12 34 10 27 "14" 18 484 41 89 14 18 100 79 69 76 2 68 146 9 '6" 36' "28 74 ' 74 " 75 14 "is" 5 83 15 K9 12 48 14 2 12 23 "37 27 15 '47 28 59 'ii 27 32 in" 4 261. 12 29. 27 "is 18 48 56 ' 39 ' 88 14 17 100 65 94 43 31 107 113 4 8 45 91 113 33 87 95 28 118 137 132 83 26 13 47 99 96 87 26 103 53 4 6 11 54 26 116 11 71 48 85 126 32 33 64 67 7 184 16 "0 34 4S 37 27 41 69 1 " 89 62 18 103 34 33 87'.; 1.1 62 80 93J 14 19 14 23 J 13 61'. 81 104 1 144 94 H 39 12 ns 1454 9 46 61 3 104 28 34 H '4 Total gold held by banks... 898,523,000 Gold with federal reserve agents 1,942.725.000 Gold redemption fund .' 82.099.000 6 754 74 14 ju l 88 83 JO 70 12 49 144 12 64 37 .27 16 V4 47 28 84 l.iO 11 274 32 10 116 26 12 31 10 27 67 13. 18 484 63 57 134 40 89 14 78 68 73 2 SOO IK. . 10 500 l.Ono l.ooo 1.900 4 200 S.9O0 2.700 Steel .... HVmib I A S . do rfd Rep Motors . .. Roysl Dut Oil Rl Steel Sp. . Saxon Motor, Sea rs "Roe ... . Shattuck Aria Shell TAT.. Sinclair ...... Stand Oil Ind. l.ooo 700 4.100 500 100 .4I0 20 1.7HO lort 1.5O0 3"fl 1.500 64 38 4 53 4 i 33 76 22 34 "154 '. 62 24 66 117 14 73 31 53 63 3 18 2?H 454 62 464 34 . 2J 33 i4'4 61 'i 24 6.1 116 14 73 SO 51 64) 1 8 38 19 r ion', 78 59 76 2 44 21 11 8 37 46 63 47 34 7.1 713 29 13 9 62 24 6.1 116 14 73 31 53 83 3 501 6 38 59 89 Total gold reserves 12.921.852.000 Legal tender notes, silver, etc. 141.277,000 Total reserves ....... Bills discounted: Secured by U. S. govern ment obligation All other Bills bought in open market 13, 062,629,000 361.906.000 461. 5.13.00O 4.d3.0UO Ask. 71 . 7S 107'i 10 S'. 103 89 Vi 90 73 69-U S-2 96 97 98 984 97 'i 47 101 '4 8 1084 107 51 74 63 96 101 ' 5 44 5 . 5'4 I 6 64 5 7 6 S7 74', SS 8674. iu 19 5 19 97 V 1144 102 10274 IOI4 99 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. Rate. Austria, kronen ... .1. .0007 Belgium, franc, 0847 Bulgaria, leva 0082 Czecho-SIovakia. kronen 0198 DenmarUv kroner 20.17 England, pound sterling 4.3850 Finland, finmark ..... .0208 France, francs .0870 Germany, marks ................. .0056 Greece, drachmas 0455 Holland, guilders .3754 Hungary, kronen .0022 Italy, lire ,c 0o00 Jugoslavia, kronen .0040 Norway, kroner .................. .1670 Portugal, escudoa ................ .-085X. rtoumanla, lei .0090 Serbia, 'dinara ..'..... .0150 Spain, pisetas 1590 Sweden, kroner' : 2625 Switaerlahd. francs . .1955 China Hongkong, local currency.. .54.10 Shanghai, taels .7600 Japan, yea .48 NEW TORK, Feb. 9. Foreign exchange. irregular; Great Britain, demand 14.354, caoies ,4.36; France, demand 8.60,. ca- blen 8.61; Italy, demand 4.89, cables t.s; Belgium, demand 8.22, cables 8.23; uernuny, demand 81, cables 51; Hol land, demand 37.35, cables 37.41; Norway, uemana to. 0.1: Sweden, demand 20.55; Switzerland, demand 19.42; Spain, de mand 15.75; Greece, demand 4.53; Poland, demand .03; Caechc-Slovakia. demand l 1 ; Argentina, demand 36.50; Brazil, de- uiauu io.w; .Montreal, 904. do 5s. 1929 ...... do vky 4s ....... do ref 4s Bordeaux 6s, 19.14 . Canadian 5?. 19119 . do .Is. M do 5. 1929 do 5s. 1931 do ,1s. 1927 do 5s. 1927 Chilean 8s. 1941C .. Russ-Currency Denmark Ss. 1945 . . Dan. Muni 8s. 1945 French 4s. 1917 do .Is, 1920 do 5s, 19.11 do 7s. 1941 do Ss, 195 German W L 5s ... Berlin 4s Hamburg 4a ....... do 4s Leipsig. 4os ....... do 5s Munich 4s ......... do .Is Frankfort 4s . ... Italian 5s. 1918 Jap 4s. 1931 , do 1st 4s, 192.1 . do 2d 4f. 1925 .', Norway 8s. lf40 Russian 5sl921 .. do 5s. 1926 ..... do 6s. 1919 -. wiss 5s. 1929 .... do Ss. 1940 San Paulo 8s U K 5s, 1922 U do 5s. 1929 ... do 5s, 1937 ...... Bid. 69 ;i"."!iioi 106 103 8S 88 86 71 67 82 95 97 9S 9 96 47 1004 . 7 108 1064 50 !".!".".".! 6214 9.14 , 100 .. 4 - 4 4 .. 4 . 5 5 4 6 '4 S 734 874 84 1094 18 4 18 97 114 1014 102 104 9S74 GOOD WOOLS SCARCE MARKET Manufacturers Busy Only for Immediate Needs. -e. eSiS?" '1 1 m ? I t:. DEALERS' TRADING LEADS Little Available Supply Is Held at High Prices AVithd ratals From Bond Rumored. QUOTATIONS ON DAIRY PRODUCTS; Current Prices Rolintr on Batter. Cheese I and fffffl. a; i-'KASUlSCa Feb. 9. Butter, ex tra, 4ic: prime firsts. 36c. Extra Extras. 32ir: TtnL ,i1iVt v,"c, unaersizea, ISO. j, Zilc. oneese California fiat fanrv. 27; ioung America, lancy, 28c NEW TORK, Feb. 9. Butter, steady ffffs, unsettled ; fresh gathered, extra iirsts, 44 (ft 4oc ; firsts, 40 m 43c. Cheese Irregular; receipts, 1079 cades, CHICAGO, Feb. 9. Butter, hijrher: creamery extras, a t fy c ; iira-is, 3l(g).c; aeconas, ioauc: standards. 35c. EftTtTS Lower: receints 803.. rae? fii-iti at ya yooc; orainary iirsia, ddtiic; mis cellaneous, 3ft (8? 3 7c. SEATTLE. Feb. 9. Ekits. unchanenl. Butter City creamery, cubes. 40c: brickn BOSTOX. Mass, Feb.- 9. (Special.) Trading1 between dealers still constitutes the birlk of the current business in wool. Manufacturers are buvin-sr a. litti hut onlv for some immediate need. Good wools axe exeeeainsiy Bcarce here. The Httle available is head at high prices, numora are afloat of some with drawafs from bond, especially Concordia and South Americans, on the plea that they are not skirted within the meaning Ul lIe jaw. xne trade shows great anxiety to accumutate wool. Saies of neece wools are smaller because of ad vaneed prices. QtVtations on these now are fine un washed delaine, 484?50c; half blood. 43 4oc: blood. 40i(942c; quarter blood and. une unwasned clothing, 3S to 40 cents. The- Jericho wool pool at Fountain Oreen, Utah, yesterday rejected all bids for their 1922 clip of nearly 800,000 pounds. The highest offer was 36 cents a pound liat, mace oy the American vvoolen com pany, Boston. The selling committee for uie pool held that 40 cents was the mini mum acceptable to the growers. Pool Is Reorganized. The POOl WhlS reorganized ant hiriA avnin win invuea. ac ao cents, the -high bid, the clean cost landed in Ronton, hanod on 65 per cent estimated shrinkage, would be il.io to M.12. At 40 cents, the price demanded, the clean cost on the same oasis would be XI. 23 to $1.25. Such fie ures would be far above the parity of the Koston market; which today is J1.05 to tor choice territory wools, which are very scarce nere. Pulled wools show increased siren eth. with an active demand and higher prices. a supers, aiso A supta-s and fine, as cur rent Quotations, have been advanced tt 95 cents to SI clean for AA wools, 85 t 90 cents for fine A supers, 75 to 80 cents for A supers. 65 to 70 cents for choice a supers, 0 to 65 cents for ordinary B supers and 45 to 50 cents for C supers. Combing: Supplies Small. Combing pulled wools are in small jrntt- ply, but are quotable on the cjean basis of 75 to 85 cents for fine, 60 to 70 cents xor medium aim so to 55 cents for low. Australian auctions reopened this week, generally firm. Sydney was strong, with poor selection and- prices maintained keen comeptition 'developed, with Ameri cans operating more actively at Melbourne. Competition is not quite so keen for, fleece wools as in January, with some irregu larity in prices. v On some grades, especially burrv meri nos, also comebacks and crossbreds, prices are slightly more in the buyer's favor than at the previous sale. Strong conditions also prevailed at the Adelaide-sale of Feb ruary 3. Boston dealers claim still to be able to obtain good clips in Utah at 28 to 32 :ents. ne nignesc- price' reported paid s 334 cents. l4 aS . i, . .' t I 4a "The rtilrnin, of Canada." 2: :i 20-Year 6 General Obligation Gold Bonds MUNICIPALITY ST. JAMES A Part of Greater Winnipeg, , Province of Manitoba Dated January 1, 1922. Due January 1, 1942. Denominations $100, $500, $1000 Legal opinion E. G. Long, Esq., Toronto. 94.45 and Interest I EXPflHT FLOUR TRADE OFFERS 3IADK TO ORIENT BRIXGIXO RESPONSE. Principal aod semi - annual Interest pay able in U. S. Gold Coin in N. T. City, or at the of fice of Morris B r others Cor poration. Portland, Or. Financial Statement. Assessed valuation for taxa tion. 8,6S7,174; general debt (this is the only issue) $400,-000. P o p u 1 1 15,000. - t i on, estimated, To Yield 62 Tt gives us pleasure to offer and to highly recommend for investment, subject to prior sale and advance in price, the first and only issue of bonds of a municipal ity adjoining, but separate from, the great city of Win nipeg, capital of the Province of Manitoba. A glance at its financial statement illustrates its solid substan tiality, and the almost unparalleled security behind these bonds, assays able value of property equaling more than - 21 times this indebtedness, while its rea 1 value would in all probability exceed 40 times the debt. Phone tor Telegraph Order at Oar Expense. Morris Brothers Corporation Morris Bnilding Portland, Orojron. Jlroadvrar 21S1 . 309-311 Stark Street. Safe Deposit Boxea. tiiTxtifffgnTnffffWffl We Offer Our Participation in: $7,000,000 CALIFORNIA & HAWAIIAN ' SUGAR REFINING CORPORATION Gold Bonds Due February 1, iaT. IS Markets of Hongkong and Manila Apparently Stocked -Wheat in Strong Position. BEST GRADE BRINGS $10.75 AT STOCKYARDS. Total bills on hand f 817.714.000 IT. s. bonds and notes 100,919,000 U. 8. certificates of Indebtedness: One-vear certificates IPitt- man act) ' H8.4B6.OO0 All other 133.73.000 Municipal warrants 193.000 Total earning" assets Fank premises Five per cent redemption fund against F. R. bank notes. Gold abroad in cuatody or in transit Uncollected items' All other resources $1,2(10.015,000 3tt,4VK,OOM 8,929,000 450.8.11.000 14.760.000 Total resources 14,832,779.000 LIABILITIES. Cspital paid in $ 103.I3S.OOO Surplus 315,398,000 Reserved for government fran chise tax 1,548.000 Deposits: uovemment luiu.wra Member banks, reserve ac counts 1,714,808,000 All other 81.111.000 Total deposits 1,858.496.000 Federal reserve notes in ac tual circulation 4,xoo,i iw.wv Federal reserve bank notes in circulation net liabilities. s3..-u(,wu Deferred availability items..-. 888.6.O,0OO All other liabilities 15,768.000 Total liabilities $4,832,779,000 Ratio of total reserves to deposits and federal reserve note liabilities combined. 7G.1 per cent. New York Bonds. New York- bond quotations furnished by Herrln & Rhodes, inc.. I ronmiia: Am Tel & Tel 6s Am Tel & Tel 6s Am Tob 7s Am Tob 7s Anaconda 7s B Anaconda 6s A. .......... Armour cv 7s............. Armour 4H Argentine Gl. . .......... . .A.I11 A S V11H 7X Bern Steel 7s PetU Steel En 7s.... ." Belgium Kxt ! Belgium s Belgium 8 .... Rerc-en 8s. City of Berne 8s. City of Braill 8s Canadian r.s Canadian 5s. Can Nat Ed 7s Chi N W is Chicago N-W ';""." C, M SI P gn&rf 4l,s A.. Can Nor 7s Chile 8s : Christiana s. uy oi...... Copper Exp copper lxp Copper Exp 8s Copper Exp Fs Cuban Amcr Sugar Ss Con Gas cv 7s. Dia Matcn Jits Denmark 8s Danish "Mun Ss rand Trunk - Goodrich 7s Goodyear 8s uif Oil s reat Northern 7s Hershev 714s Humble Oil 7S Int Rap Tr ref 5s .. Mar CT tw Rao Tr 7s Kelly-Springfield Ss... ennecott is l.ibby. McNtil Llbby Morris A Co 7,s Mexican Pete 8s N T C call is Norway Ss N P G N (Jnt) i,s.. X P 6s Northwest Tel 7s Ohio C G 7s Ohio Power 7s Psn Amer 7s Penna 41s Ssn Paulo 8s Southwest Tel 7s Swedish Govt Is Standard Oil N T 7s.... Stand Oil of Cal 7s Steel Tube 7s .... Swiss Ss. Sears itoe 7 SVars Roe 7s Sinclair THs Swift Co 7s Un Task I . .122 . . llf-'4 . .1922 . .1923 . .1929 . .1929 .'.11130 . .1939 . .1945 . .1941 . .1923 . . 1 9S." . .1943 . .1925 . .1940 . .1945 ..194.". . .1941 . .12 ..1931 . . 1 93.". . . 1 9.1B . . 1 930 . .2014 . .1940 ..1941 ..1945 ..1922 1923 100 1004 100 K 1021. 103 s, 98 !, 102, 88X4 79H 1004 100 5, 102 107 99 '4 100 li 1D814 109 "4 103 97 4 94 lo.-.i, loo?4 107 .-.84 110. 1014 111914 100", lUj Prices Are I'ncliangcd in Other Divisions Receipts for ' Day Are Light. There was a quiet but firm- market at the stockyards. Rail receipts were limited to three loads and most of these were shipped in direct. With an active demand strength continued in the hog division and prime light weights sold higher. $10.i5. No changes were made in prices in otner lines. Receipts were 56 cattle, 61 hogs and 3 sneep. The day'a sales were as follows:' a Wt. Prloe.i Wt: Price. 906 5.00 1 bull 1420 $5.25 euo ,o.ui.i .-ouna... l'in 4.75 1017 .2 1 bull 1200 5.50 b.UU! 1 DUil . . . 4.50! 1 bull... 3.251 2 hogs. . 4.80118 hogs.. 3.251 1 hog. .. 4.. '.0132 hogs.. 4.75111 hogs. . 3.5OJ80 hogs.. 3.001 8 hogs. . 4.601 6 hogs. . 6.251 3 hogs. . 7 hogs. . 3 steers. . 8 steers. . 20 steers. . 1 cow. . . 1 cow. . . 1 COW 1 cow . . . 3 cows. . 1 cow 2 cows. .. 1 cow . . . 9 cows. . 4 cows. . 2 cows . . 1 cow . . . 1 cow. . . 1 cow . . . 2 cows. . 2 cows. . 13 cows. . 1 cow . . . 9 cows . -4 cows. . 1 calf.... 1 calf.... 2 calves. . 1 calf. 1290 1190 850 940 1040 800 600 850 842 987 890 870 930 730 930 840 963 1080 948 9.95 . J0O 5.75 lhog... 4.85 9 hogs. . 3.35 5 hogs. . 4.00 2 hogs.. 5.65 lhog... 2.00 4 hogs. . 5.50 1 lamb.. 4.75 1 lamb.. 6.00 5 lambs.. 110 10.251 7 hogs. . 115 12.00115 hogs. . 150 11.001 Price quoted at the 'Portland. stockyards were as follows: 1600 5.10 1650 4.60 405 9.85 213 10.35 90 10.25 80 10.25 204 10.75 221 10.50 202 10.75 123 10.50 220 10.70 175 10.75 680 8.50 145 10.75 180 10.75 ISO 10.75 520 7.00 155 10.60 100 8.50 80 9.00 64 9.00 207 10.50 238 10.25 Union ..1924 1024 .1920 1I13 4. ....1931 . ...1925 1935 1945 ....194.-. .. . .1940 . ..".192.-. 1941 1933 ....193- 1930 192:1 1 906 1951 1921 1931 . . -. . 1 930 1931 1 930 .. .,1936 . .. .1930 1940 .. ..t93 2047 1941 19L-5 lr.t . ... 1 930 1936 lltlS ... 1 925 1939 1931 . . .1931 ...1951 . . .1940 ...1922 ...1923 . . .1925 .. .1925 ...1030 104 103 147", IOS14 10714 1094 97. 1124 104 1 107. 99", loovi 64 924 84 103 t 102 1 99?, 102 1O0 106 1094 10 1O0T4 JOS. 99 T, 100 4 95 i IO.XX4 191 H 101 4 96-4 .1118 14 1034 - 98 1144 KMH4 9S4 HHI14 lot 103!, Cattle Prices Choice steers $7.00 7.75 Medium to good steers 8.25 7.00 Fair to medium steers 6.75$d 6.25 Common to fair steers 4.75(9 5.75 Choice feeders 5.00 5.30 Fair to good feeders 4.50 5.00 Choice cows and heifers 575 6.25 Medium to good cows, heifers.. 5.0O 5.75 Fair to medium cows, heif era. . 4.25 5.00 common cows z..'og8 3.15 Bulls 8.50 5.50 Choice dairy calves 11.0012.00 Prime light calves 10.60ll.oo 200 to 300 lbs. 300 lbs. up. Medium light calves Heavy calves Hogs Prime light Smooth heavy. Smooth heavy, Hougn Heavy Fat pigs Feeder pigs Staga. subject to dockage Sheep EaM-of-mountain lambs . Best valley , lambs Cull lambs .'1.... Fair to good Ea-.tern Oregon feeders . Light yarlings Heavy yearlings Light wethers Heavy wethers Ewes 7.704C10.0O 5.50 7.50 .10.2510.75 . 8.2510.00 . 8.25 9.25 . 6.00 8.25 .10.0010.2S .lo.oowio . 6.00 6.50 . .7510.50 . 8.25 9. . 4.75 6.25 . 6.754s 8.25 . 7.00 8.0O . 7.50 8.00 . 6.50 7.50 . 6.50 7.50 . 4. SO 6.50 . 3.000 6.00 Chicago UTestoek Market. CHICAGO. Feb. . V. S. Bureau of Mar kets) Cattle Receipts, 9000 head; beef steers, xtctive: strong to 15c higher; spots up more; early top. sg.tu: bulk beef steers, $6.757.75; she stock, strong; veal calves and bulls slow,about steady; stockers and feeders, firm; bulk fat cows and heifers. $4.3565.75; bulk bologna bulls. $4i$4.25; bulk stockers and feeders, $66.75. . Hogs Receipts. 39.000 head; fairly ac tive, mostly steady to strong with yester day's average; top. 105 to 170-pound aver ages, bulk lights, $9.S510; bulk others, $9,256:9.75; pigs, slow, weak to 25c lower; bulk desirable, $9.259.75; few choice strong weights up to $10. Sheep Receipts. 10-000 head; generally strong to higher: choice fat lambs to packers. early, $14.35 & 14.60; . generally strong to higher: choice fat lambs to packers, early, $14.35 14.60; some held higher; choice 104-pound yearlings, $13; choice 70-pound shearing lambs. $13.60. , Seattle Livestock Market. r S.EATTLE. Feb. 9. Cattle steady; re ceipts. 25 head; no price change. Hogs Steady ; no, .receipt,, no price change. . PUGET SOUND BUREAU. Tiraml. Wash., Feb. 9. For two weeks or more world flour markets have been an enigma to Puget sound millers. With wheat and flour advancing, cabled offers to Asia. from Dajren to Manila, have brought no response. ljOcal and Pacific .coast trade is good, though it absorbs but a small percentage of the output of Tacoma's ex port mills. This results from lowjstock and resumption of industry, notably log ging ana lumoenng. During recent weeks Pacific northwest wheats have advanced la cents a bushel and standard brands of flour 20 cents a barrel. No one knows whether there will be further advances, though grain condi tions seem bullish.'. These are high -spots of a review of flour market conditions given by General Man ager C. E. Curran of the Tacoma Grain company. . Mr. Curran oulined seemingly bullish wheat conditions as follows: The government crop repoPt for De cember gave the condition of winter wheat in the middle west as 60 per cent of normal.- Later news indicates greater damage from the long-continued drouth in Kansas, Oklahoma. Missouri all the middle west. Low temperatures have been followed by light rains which froze and covered the fields with ice. This situation has been developing six weeks. In 1917 I saw the northern half of .Kansas covered with sleet by two driving northeast' storms. They coated the fields with ice and killed every spear of wheat. Something like a repetition of that disaster seems to be now striking a large area of winter-wheat country. ' ' "News is scarce from Australia- and Argentina, where new crops are being har vested. What we. do hear is that latest crop conditions have reduced the prospec tive .nr.nliia In each countrv. Unless some improvement comes in world-crop condi tions wihln a lew days, tne inaications will be for somewhat higher prices." For some days there has been no selling of flour to Hongkong and Manila, Mr. Curran says. Those markets are appar ently stocked. Several months ago Austra lian flour oirerea stiir competition in those markets, local export flours being 2o cents ito 50 cents . a barrel out of line. This differential vanished about January 1. Tacoma Grain company made its last sales to Japan and cnina aDout two week ai.ro. Hard conditions - in foreign exchange have made it difficult for buyers In both Asia and Europe to finance large purchases. Much of the flour selling has consisted of small deals, each financed on its own basis. Recently exchange rates have improved and that helps. The situation from the millers' standpoint-is thus summed up by Mr. Curran: "During the first seven months of this crop year we have milled more flour than during all of the previous year. How ever, competitive conditions have been so fierce ss to make it impossible to make . nrnflt The margin above cost has been very slight if any. Figuring the costs of wheat, of labor, of transportation ana other factors entering into the price, of barrel of flour, the possible margin of nrnflt was somewhat below the recent- advance of 20 cents a barrel- It is hoped iA.ri!ustments over the world, in cluding more nearly" normal exchange rates, will give greater stability to tne Pacific Northwest flour trade during the last months of the crop year." State Grain Inspector Geehan estimates that about 25 per cent of last year's grain crop remains in the interior. IV a na- a Tr i list munjjBge i y0 CLOSED mortgage: Dated February 1, 1822. Non-callable for five years; thereafter only aa a whole at 105. Callable for sinking fund only, commencing February 1, 1928. 102,. Interest payable February and August l. Denominations, $500 and $1000. Reglsterable as to principal. Bonds are secured by direct closed First Mortgage on the entire real estate, plants and equipment now owned by the Company. Sugar refinery at Crockett is the largest in the world. Value of physical property as indicated by the (Jeneral Appraisal Company's appraisal $14,212,398.93, which, together with net quick assets, gives a total value of ,$19,060,833.79 to secure this $7,000,000 issue. PRICE: 100 and Interest, to yield 7 Ottering Subject to Prior Sale. tDVHK KENDALL & CO, inc FIFTH AMD STARK STRUTS - PORTLAND OREGON 12 per cent and that the public service commission, be asked to prepare from 'the milling interest proof that they are justi fied in taxing whatever charges they are making for smutting at this time." The meeting was called with Director French of the department of agriculture. The principal speakers at the session were G. I. Levy, grain expert of the Northwest Grain Growers' association . of Portland, and Walter J. Robinson, sales manager of the same organization. SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO. Feb. 9. (State Divi sion of Markets.) Fruit Apples, 3 and 4 -tier. $l-403.50; oranges, 2.MHfa.iJ. lemons, $4e; graperrun, ,oie'..-.. box, $1.752.75; cranberries, box, x.oui 8.50. Paultry Broilers, 3540c: young roos ters. 2033c; old, 1620c; hens, 22tmoc; ducks, 2328c; live turkeys. 338c; dressed, 8746c. ' Vegetables Artichokes, large crate, 23; beans, nominal; carrots, sack. $1 $1.25; celery, crate, $1.50 8; cucumoers, dozen, $l.5i:.ou; eggpiaiiL, puu.., lOc; lettuce, small crate, $24.25; rnush- rooms, nominal; Olives, pounu, o.v., onions, brown, wt., $8.75 7.25; white globe, $89; green. box, $2.102.2o: peas, nominal; bell peppers, pound, 10 15c; potatoes, $2.103.25; pumpkins, sack, 75c, 11 rnuDaro. wo, n,uv, aM-o, summer, small crate. gigia.jui num... sack, $1.251.50; sprouts, pound, 1516c; spinach, crate, $3.754.S0; tomatoes, -crate, 75c $ 1.75. Receipts Flour. 1720 quarter sacks; wheat. 3210 'centals; barley, 2472 centals; . corn, 1711 centals; potatoes, 4135 sacks; onions, 90 sacks; hay, 169 tons; hides. 4675; oranges and lemons, 1200 boxes; livestock, ' 100 head. Sugar Marftet. NEW TORK, Feb. 9. Raw sugar: Cen trifugal, $3.67; refined, fine' granulated, $3.10.- - GRAIN STANDARDS PROPOSER Growers and Experts Send Recommenda tions to Supervisor. OLTMPIA, Wash., Feb. 9. (Special.) Recommendations adopted here by 15 wheat growers and experts from all- parts of the state in response to a federal order that present grain standards used in the northwept be revised to conform with the federal system of grading will be submitted the Portland federal supervisor.- tne findings of the wheat growers and experts were: ' . That the tolerance or white wheat be increased to five per cent No. 1 and 10 per cent No. 2: that differentials sug gested in the present grades S, 4 and 5 be adopted with reference to moisture. damaged kernels, neat damage ana lor- eign material aamase; ta wnite ciuo wbeab and common white be consolidated make four eub-ciassincatlons (fourth sub-class for export wheat; that a test weight of 58 pounds be adopted for No.. instead oi bo pounas for tne consoll ted classes, common white and white club; that . allowances made for -moisture content lor No. 1 wheat be reduced to JJOTICK OF" REDEMPTION TO HOLDERS OF VICTORY NOTES AND OTHERS CONCERNED. Notice Is Hereby Given as ' Follows: 1 Call for redemption of 3 94 per' cent Victory Notes. All of these 3 per cent series of United States of America con vertible gold notes of 1922-1923, otherwise known as 3 percent Victory Notes, are hereby called for redemption on June loth, 1922, pursuant to the provision for redemption contained In the notes and the treasury depart ment circular. No. 138, dated April 21st. 1919, under whic:i the notes were originally issued. Tn.af.ct nn all Victory Notafs of f the 34 per cent series will cease on eaia icueiuyuuii June 15th, 1922. 2. Suspension and termina tion of Victory Note conversion rivilefre, in view of the call for t le redemption oi an o-x. pei cent Victory Notes on June loth, 1922 and pursuant to the provi sions of said treasury depart ment circular. No. 138. the privi lege of conversion of Victory Notes of either series into Vic tory Notes of the other series 's herebv suspended from Febru ary 9th, 1922, to June 15th, 1922, both inclusive, and on June 15th, 1922. will terminate. Victory Notes, accordingly, cease to be interconvertible, effective Feb ruary 9th, 1922, and on and after that date no conversions of the notes may -be made. 3. etailed information as to the presentation and surrender of 3 per cent Victory Notes for redemption is given in treasury department circular. No. 297, dated February 9th, 1922 two copies of which are available at the treasury and the federal reserve bank. . A. W. MELLON, Secretary of the Treasury. SAN FRANCISCO, Feb. Hawaiian sugar, $3.6i. Dried Fruit at New York. NEW TORK, Feb. 9. Evaporated ap ples scarce; prunes quiet; peaches active. I. California more Every large city has one newspaper which, by universal consent, is the Want-Ad medium of the community. In Portland it's The Oregonian. February Investments If j'ou would like to have before you a remarkably broad list of investment securi ties yleld;ng from 2.25 to 8.20 let us send you our February circular. The National City Company Offices in more than 50 cities. Yeon Bldjg., Portland, Or. Telephone Main 6072. HERRIN & RHODES, Inc. Established 1896 STOCKS, BONDS, COTTON, GRAIN Correspondents E. F HUTTON CO.. N. T. - Member all leading exchanges Babaoa's Service on File. BdWT 201 SaUway JT.yrhaiiy Bid. Municipal Bonds Yielding 5 to 8 Income Tax Exempt Send for circulars Atkinson, Starkey & Zilka Bonds N. W. Bank Bldg. Main 700 Cascara Bark Hides, Wool, Pelts. Mohair. We Are in the Market. Write for Price and Shipping Tg PORTLAXD HI1E WOOI, CO., GEORGE M SUIIVAN. Manaaer. 107 Union Ave. N'.. Portland, Or.