THE 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.