21
TITC MORNING OREGONTAN, SATURDAY, FEBRUARY 11, 1922
iPID WHEAT RISE
CHECKS SELLING
Higher Prices Bid in Country
for AH Grades.
MILLING GRAIN STRONGEST
Offers of $1.36 Are Made for
Oholce Blucstem and Baart..
Teed Cereals Also Higher.
The wheat market was atretic at all
points ysaterdajr. Bids at the Uerfchants'
Hzchaar. vera 2 centa hlcher an hard
wlatar, 1 cent higher on club and ' soft
whit and'mxehanced on the other grades.
Offers In the country vera on the baata of
S1.M (or the beat grade ( Dloeatera and
Bart.. I1.SS for marQuls. $1.201.IS tor
tnrasr and l.lSei.l84 for clan. It was
reported that sliln vaa not aa acttre aa
cn the preceding day. becaaae of the Chi
cago rise, but the dantaad continued Terr
strong-.
Thai coarse grain market vaa firm.
White eata were 60el higher and gray
eata gained liai.&O. March feed barter
advanced 60 cent on bid and corn
SseSO cents higher.
The Bnenoe Aires wheat market closed
cents higher and corn 2U centa higher.
A private Argentine cable said there was
considerable damage done to the (roving
crop.
Argentina abjpments this week vera
(.102.000 bushels of wheat. 1.363.000 bush
ela of corn and 1. 182.000 boshela of oata
The Argenttne visible vheat supply this
week la OOO bushels, against 2.220.000
fcuahele last year, and corn 2.400,000 bush'
els. against 1.400.000 bushels.
The Liverpool whrt market closed 19
lVkd hilt her.
Kxporta from North America this week
ware 4.S00.0O0 bushels of wheat and flour
and 6. 250.000 bushels of corn.
The 1821 wheat crop of Poland Is of
ficially placed at S3.o76.00 bnshels. This
compares with an average yield of 63.500.
000 bushels for the 8-year period. 1911-1911.
The area sown to wLeat during 1921 wai
S. 02.000 seres, compared with the 1911
1913 average of .S2O.0OO arrea. The yield
per acre during 1921 was 17.1 bushels.
compared with an average of 19.2 durmg
the 3-year period. 1911.-1913.
Terminal receipts. In care, were reported
by the Merchants' Exchange aa follows:
Port land-
to IT eenta for good grades and up to 29
cents for the best.
The feature of the market la the etrong
position that has been taken by growers,
who are not holding back for an ad
vance of a cent or two but positively will
not sell at the present time. This is par
ticularly true of the Chinese growers who
recently signed an agreement to keep their
hope off the market until next June.
First Broccoli Received.
Four crates of broccoli arrlTed from
Roseburg yesterday, the first of the season
The quality vas ft -e and the shipment
easily sold at 93.23 a crate, aa against
120-23 asked for California cauliflower.
Oranges and lemons sre strong snd fur
ther advances in local Jobbing prices art
due ionday.
!ST0CK LIST TURNS HEAVY
PTrAV TO IMPOSE TRANSFER
TAX CHECKS RISE.
Bank fit ring.
Rank clearings of the northwestern
cities yesterday were aa follows:
(Meartng-s. BaMnen.
Portland $4.32.1trJ $
Seatt.a 4.aUS.100 1.2rt3,'fi
Taoma transactions 2.317,70
fepcka.no transact Kntf 2,03.iMi
AfTftancea. ,
Quotations on bankers acceptances fol
low: v&ym
SO 60 tM
TVIma ll-'K1a mamhtvra r-t 4 4 4
i'nxno non-ixamt-r. pr cent. . . 4s 4V6 44
POR1XAVD MARKET QUOTATIONS
Grain, Floor, Feed, Etc
Merchants Exchange, noon session:
rri.'ay J7 1 1
Tear a-to... 4 1 3 2 19
S-'n to rlata.t73.B13 JM 17 840 1271
Y-tr aco... .11.233 192 M9 372 loH
T co 1 1 a
Thursil-v 6 S 3 7
Ta r bio... 4 1 .... 4
S- n to date. P3 1012 114 "3
lr avo... 3,33l 47 69 93 !2
Sa t .
Thursdar . M . . 4
Var airo. . - 27 .... t .... 3
P'n to date. H.S34 1ST J5 3S 1C17
Year ago 3 H" HI 2U 811 108
MORE ADVANCES THAN DECLINES
i Oatnomtxr Restart Ion In Whole
sale Price Lints.
Price chances In the wholesale commo
dity markets continue npward. 43 ad
vances appanng In the comprehensive list
of quotations compiled by Iun' Renew,
as against 32 recessions. This compares
with 47 increases and 2S declines last week,
while for the corresponding week a year
ago 57 out of 79 alterations were in
downward direction.
Fluctuations In the grain markets at the
start were confined to a narrow range, an
early advance in all products being fol
lowed by an easier feeling. The down
ward tendency was resisted, however, snd
a considerable rise was later recorded.
Increased consumptive demand, with only
fair receipts at primary points for this
period, had a stimulating effect on prices
of live beef and hogs, but more liberal
marketing caused a reaction In sheep.
Provisions, while not In active demand,
developed a rising tendency, due to the
Improvement in hog pricea Butter sup
plies were In excess of requirements, and
quotations were not maintained. The un
dertone of cheese was firm, owing; to the
strength of western advices. Eg at start
ed with a moderate recovery from last
week's decline, but renewed weakness sub
sequently developed.
Price changes In Iron and steel sre not
Important. Among; the minor metals, the
position of tin has Improved and copper is
firm, but lead and spelter are rather easy.
The cotton roods markets are somewhat
Irrosrular. though prices of most products
hold firm. There has been no essential
change In hides or leather.
WOOL SPECULATION BLOWS DOWN
Contract Prices in West Continue on a
Strong Basis. '
TtOSTO.V. Feb. 10. The Commercial
Bulletin tomorrow will aay:
The demand for wool on the seaboard
markets has slackened this week consid-
rabiL and speculative trading is less pro-
Bounced, so that some low scoured wools
are rather less strongly held.
"The sanation In the west, however, has
gained strength, 36 He having been offered
and rejected for the Jericho. Vtah. wool
pool, against an Initial bid of ltfc a year
kcv The sale is typiral of the situation
In the weft, where pricea are being paid
which seem hardly warranted by the east
ern situation.
"The miVm era go ins; on slacker time.
The dman-i for goods, except on over
coatings and son:e women's wear. Is re
ported unsatisfactory, snd stocks of cloth
ing unsold and In the hands of retainers
are reported 1-irge.
The Commercial uUMin tomorrow will
pahlish wo-'l quotations as follows:
Scoured burnt: California, northern. 1105
TllO; middle county. l5c$I; southern.
SO f Ck?.
rvgon KmBtern No. 1 staple. $1.109
1 fm and fine medium combine, tie)
1 ('; eatem clothing. KitfiOc; valley No.
1, fN ,r S.V-.
;.; r o n 8 i m ption
is tioon
Hut tor Mrm With 4 six xiliog at Iligbcr
I'Hrr.
The ftc market ai fairly steady yee
terdiy 11. ds snt into the country ranged
from -J tj -7 rfBt with moat of the taur
ine at th later figure. Resales on the
s;rei a ere at unchanged pr;cee. Rreipta
-r not unuui:y large and as local, con
sumption a very good, there was no sur
p:us on hand Sh.vmenti to out-of-town
points are I ghier snd a somewhat lower
market is expected for the opening of the
commg week. The bu:ter market was
f.rm. Cube extras eoid as h.gh as 34
cents with most of the business st 3-3 centa
The dmnd for -ubs was brisk. Prints
a'ae moved out well.
FTRONOF.lt DEMAND IN HOP MARKET
High
Pricea are Offered. But
Ref te Sell,
1 rawer
Thre was s
market as tit 9
frm tne ear
firmer feeling la the hop
result of a better demand
Offers cr made of 14
HOGS 14c
VEAL 16-16 V'c
firket vrry firm. Follow the crowd.
r-.:E lo u. Chei'ks same day ship
merits arrive.
TMR I4K rO lC.
low r.at M-, I'.nlaaa, Or.
Icb.
.... 1.1"
117
1.1T
1.1T
114
...... 1.11
...... 29 50
23.00
S7.50
2T.0O
llarch
1.18
1.17
1.17
1.17
1.14
1.11
SO 00
8.50
2S.00
2T.60
26.50
20. 00
Wneat
Hard white .........
s-.rt white ..........
White club ..........
Hard winter ........
Northera spring
Red Walla
Oata
No. 2 white fed.
No. 2 gray
Barley
Brewing ...... . .
standard feed
No. 2e1 T. ahJpment. 26 OO
No. S K- T. MhiDment 20.0O
FLOUR Family patenta. $7.60 per bbL;
waote wneai. ts.tiu; graham. S6.4U; banerr
card wheat, 7.70; bakera' bluestem pat
ents. valley soft wheat. 18.05; atralghta.
MILLFEBD Price t. o. b. mill: Mill
run, ton lota 124: mixed cars. $23: straight
cars, (23 per ton: middlings, IIS: rolled
barley. 13438: rolled cats, J37; scratch
teel. 145 pr ton.
CORN White. 32; cracked. 34 ton.
HAT Buying price f. o. b. Tortland:
Alfalfa, 13 60 per ton; cheat, JlOBOsmi:
oat and vetch. tl4.50; clover. $11; valley
timothy, tltttli; eastern Oregon timothy
S1SS17. n
Iairy and Country Prodnee.
BUTTER Cubes, extras. S5tf So per lb.:
parchment wrapped, box lota, 41c; cartons,
42c Butterfat. buying pricea: No. 1 grade,
87c. df-livered Portland.
KGGS Buying price, 25 27c dozen, case
count; Jobbing prices, cue count, 27C?26c:
candled ranch, 80c; association, selects,
I2c; associations, firsts, 30c; associations,
pullets, 28c
CHEESE Tillamook triplets, price to
jobbers, f. o. b. Tillamook. 26c; Young
Americas. 27a pound.
POULTRY Hens. 176:4c; springs, 22c;
ducks. 222tc; geese. 20c; turkeys, live
nominal; dressed, 40c
PORK Finer, 13ie per pound..
VilAir fancy. If Va 0 15c
Fralto and Trgetablea.
Ieal jobbing quotations:
FRUITS Navel orangea 14 506 BO box;
lemons. 97.50: grapefruit. (3.5007.50
box; bananas, S09o per pound; apples,
(1.25 93.25 per box. cranberries, eastern,
(18 per barrel.
POTATOES-Oregon. (1.7502 per 100
pounds. Yakima, -!2.v per 100 pounds;
sweet potatoes. 6e5o per pound;
Nancy Ha:i. (2.50 per crate.
ONIONS Yellow. (707.30 per cental.
VEGETABLES Cabbage. 35c pound;
lettuce. (3.7504.75 crate: carrots, (101.50
sack: garlic, 15c per pound; green peppers,
4O05OO per pound: beets. (2 per sack;
celery. Oc 0(1.40 dot; cauliflower. (2 0
S. 25 per crate; squash, 4c; sprouts. 20c;
parsnips, (1.5002 per sack: tomatoes.
(5.50 per lug: artichokes. (l.50 2 per
dosen: cucumbers, (2.5092.75 doxen;
rhubarb, 15017?c pound.
Htaple Groceries.
7-iOcaI jobbing quotations:
Bl'GAR (sack basis) Cane, granulated.
6c pound; beet. 5.70c per pound.
NUTS Walnute. new crop. 3w per
pound; Braail nuta. 23c; almonds,. 2ic;
peanut a, 11014c per pound.
K1CB Blue Rose, wc per pound ; japan
sty!e. !4e per pound.-
COFFEE Roasted, bulk. In drums, uo
35 He per pound.
SALT Oranulated. Bale. (3-.-a0a.uo;
half ground, ton. 50S, (17; 100a, (10.
HONEIT Comb, new crop. o.jubj.is
per case.
DRIED rKllTS taies, io;.re pr
pound: figs, (1.400 3.50 per box; apples.
15c pound; peacnea, ioc; apncuis, iot,
prunea lOtt0ic
neiva SmalT white. 8e: large white.
44o; pink, 8c; bayo. tiVic; red. 6c; lima.
8 VaO pound.
II Idea, Hops. Etc.
HIDES! rftslt hides. 6c: salt bulls, 6c;
green bulls lo les; salt calf. 12c: salt kip.
8e: salt horse hides, (102 each; dry horse
hides. SOci(l each: dry hides, loo; dry
cull hides, half price.
pelts Drr Mlut 13c (long wool; dry
short wool pelts, half price; salt pelts, 50c
all each; dry goat skins, ioc uonr nsirf,
shearings snd short wool tains at vaiue.
TALLOW No; 1, 4ViC; iso. i. ana ptr
pound. -
Publication of Steel Tonnage Re
port Also Has Bearish Infla
ence Sloney Rates Ease.
NEW YORK, Feb. 10. The political sit
uation waa again a factor of more than
local influence In today's financial market.
Bulliah ardor was perceptibly chilled by
the agreement of the ways and means
committee of the house to impose a tax
on stock and bond transfers.
Another depressing incident was. the pub
lication of the United States Steel tonnage
figures for January, disclosing a further
decrease In bookings instead of the con
siderable gain whicn was predicted In'
trade circles
.United States Steel common, which led
yesterday's spirited rise at its highest price
in more than a year, was under constant
pressure with kindred Issues as well as
tobaccos, specialties snd chemicals.
Pricea of rails and closely-held miscel
laneous stocks were mainly higher at the
outset, hesitant at mid-day and heavy in
the final hour.
Junior rails owed their Intermittent ac
tivity to the maneuvers of pools. Sales
amounted to 735,000 shsrea.
The 5 per cent opening rate for call
loans waa maintained until the final hour,
when renewals extending Into th. coming
week were made at 44 per cent. The
local rate for time funds was practically
unaltered, but some of the longer maturi
ties were placed at 4 per cent on liberty
bond collateral.
Foreien exchanres continued to recede.
the demand rate for British biHs falling
to 4.34. or about 4 is centa under the recent
maximum prices. A
eased oroDortionately.
Speculative raila again were the strong
features of the bond market.
CLOSING STOCK QUOTATIONS.
(Furnished by Overbeck 4V Cooks com
pany of Portland.)
l.ooo
3,700
29,900
GRAPE Grape root. c per
Portland.
OREGON
pound.
Hljrl' li-l crop, i-.fi -"v .uim.
WOOL Eastern Oregon. 15fc30e Per
pound: valley wool, medium, lssr.-uc.
quarter blood. Jfliil.c; low quarter dioou.
14lc: oraia. i-titc; wuu,
MOHAIR Long stspie, oc; suurt slspiv.
15c pound.
GRAIN BAliS t;sriots. i oast.
Previsions.
Loral jobbing quotations: "
HAMS All sixes. 2-J&32C: skinned, 20
35c; picnics. 180 ISHc; cottsge roll, 24c.
BACON Fancy, susc; cnoice, .tow
SOc: standard. 22 0 24c
LARD Pure, tierces, ito pounu; com-
pressed, tierces. 13c.
UKI BALA r-acas, piaics, v.
Oils.
T.1VPEED Oil, Rsw. 1n barrels, PSe;
5-gailon cans. (1 10; boiled. In barrels. 97c;
5-gsMen cans. (1.12.
TLR1 EMlMS -tn arums. ti.M; s-gsi-
lon rim. (1 30.
WHITE LBAO loo-pouna kegs, ji5c
per pouna.
UAWU.-t.-uni wi(uu snu iron uar-
rela, 26c; cases, c ,
SAN IH-VMIO PRODUCE HAHKET
Price t urret oa Vegetables, rrrsh Fruits,
F.te, at Kay '"y.
SAN FRANCISCO. Feb. 10. (Sttte divi
sion of Msrkets Fruit Apples. 3 H and
tir S140:3.50: oranset-. (2.5O05.5O:
Unions. 4t6: grapefruit. 130 4. 2S; pears.
box. (1.7502.75; cranberries., box. (4.500
5.50 v
Psultrv Broilers. Itff40c: young roos
ters. 2003:1c; old. 16420c; hens. 2203Oc;
ducks. 23j28ci live turkeys. 3g3sc;
dressed. (7 a 4c
Vegrtablss Artichokes, large crate, is
4T2;l; beans, nominal: carrots, sack, lw
(1 24: ceiery. crate, (1.5410 s; cucumbers.
doicn. 11.25 92.-0; extpiant. pounu. J
10c; lettuce, small crate. (1.75S4 25; mush
rooms, nominal; live. pouna. it-,
onions, brown, cwt-. (d757.23: white
Kiobe. (80V; green. . box, (2.1002.25:
p-as. nominal: bell peppers, pound. 10 0
1.V-: p.-tAto-s. s.lUfrs...: pumpaina. eaca.
5cl; rhubarb, box. s.iuasn.
summer, small crate. Sd-W: Huoosrc
ack.' (L.250 1.50: sprouts, pound. 1301OC;
ptnscn. cr.u, (3.25 V 4.25; tomatoes, crate,
ic (1.75.
Rece.ptw Flour. 1126 quarter sacks;
wheat, 47 centals: barley, ai-31 centals;
corn, 2400 centnis: potstoes, 3045 sacks:
hay. 197 tons: h:des. 17o3; orangea and
ieineca, 12O0 boxea.
Metal Market.
NEW TORK. Feb. 10
icirolytic. spot aud nearby,
futures. lSWdHSe.
T:r Wcks; srnt and nearby
31.00c: futures, o 2c.
Iron Steady. un:hanK-d.
Lead Steady; i-pot, 4.7004.80c
Ztnc i.-uiet: Kat St. Louis
spot. 4?0q4.5.c.
Anuraon spot, 4.40c.
Adams Exp . .
Advance Rum
Agr Chem....
do pfd
AJax Rubber.
Alaska Gold..
Alaska Jun. ..
Allied Chem..
Aiiis-Chalmers
do pfd
Am Beet Sug
Am Bosch. . .
Am Can Co..
do pfd
Am Car & Fdy
do pfd .....
Am Cot Oil...
do pfd
Am r Synd
Am Hide & L
do pfd
Am Ice ....
Am Intl Corp
Am Linseed..
do pfd .....
Am Loco
dotfd
Am af Raxor
Am Ship A C
Am Smelter..
do pfd .....
Am Snuff. . . .
Am Steel Fdy
Am SuBar....
do pfd
Am Sumata.
Am T ft T
Am Tobacco. .
do a . . .
Am Wool....
do ptd
Am W P pfd.
Am Zinc ....
Anaconda ...
Assd Oil
Atchison ....
do rfd
Atl Gif W t
Baldwin Loco
do ofd
Balto ft Ohio
do ptd .....
Beth St "B".
Booth Fish...
B R T
Butte C ft Z..
Butte ft Sup. .
Bums Bros...
Caddo Oil.
Calif Packing
Ca'if Pet
do pfd
Canadian Tac
Cen Leather. .
Cerro de Pas
Chan Motor. .
Ch;o ft N W
Chi Gt W ...
do pfd ....
Chili Cop ....
Chino
C, u St f .
do pia . .
Coco Cola . . .
C ft O
Colo F ft 1 ..
Colo South
Colo Gu A El
Colum Graph.
Con oas .....
Cons Cifrara ..
do pfd ....
Contl Can ....
Cit Ser Bkrs.
Corn Prod ...
do pfd .....
Coden Oil ...
C R 1 ft P ..
do A pro .
do B'- pfd.
Crucible ....
do pfd ....
Cuba Cane . ..
do pfd ....
Cub Am Sug
Del ft Hudson
Dome Mines .
Del & Lack
Sales High.
1,900' 60
Low.
400 33 83
8. BOO
1O0
100
700
1.21-0
100
Bi-0
400
2.1O0
lOO
400
1
58
45
t2
37
96
147
500
SoO
500
20O
3.100
1.200
600
4.1U0
10O
S0O
BOO
300
lOO
1.3-H
3.0UO
OO
l,fH
1.60O '
1.4i0
2ll0
1.400
200
200
50O
S.0O0
"i'sno
4I0
l.tt-0
22,700
200
2.0OO
20O
12.000
' "20b
200
1,000
100
2tK
500
6.500
200
6.200
1,300
SCO
11.700
2.S0O
4i0
6)
4100
710
S.200
8.0M0
2.400
2,100
" 5O0
OOO
10,3'0
5iO
TOO
200
200
6
14
65
94
43
S2
&7
10S
""'4"
8
45
91
118
o
!Ki;
27
118
135
131
83
1C4
24
13
47
86
26
104
106
36
53
65
11
5
26
llrt
li
60
86
127
32-i
33
65
67
6
17
16
26
20
34
45
58
'42' "
70
1
90
20
50
" 53
15
68
44
92
34
S5
37
1X1
147
"26
"6
14
60
94
41
81
06
106
"4"
8
45
90
118
32
66
94
24
117
,133
130
82
104
26
13
47
97""
86
26
102
106
85
53
63
Vi'
5
25
116
11
71
48
86
12.'.
32
33
64
67
6
17
' 16
26
10
33
44
67
'ii
69
1
90
18
48
52
3.900 103 102
4.300
8.100
"506
5,900
loo
400
2,200
S00
100
300
2.200
Davison Chem 16.100
tpe
13013c:
30.870
del very.
Kssar Markets.
NEW TORK. Feb. 10 Sugar futures
closed steady; approximate sales 9O00 tons;
March, 2 12c; 51" V. 2.32c; July. 2.50c; Sep-
n b-r, 24c Refined unchanged at 5.00
05.10c
SAX FRANCISCO. Feb.
Hawaiian sugar. 3.54c.
10 California-
ottoa Market.
NEW TORK. Feb. 10. Cotton; spot.
quint. .Middling, 117.40.
Etxiicott John
Brie
do 1st pfd
El Stor Btty.
1-amous Play.
Fed 51 ft S.
do pfd .....
Fi.sk Tire . . .
Gaston Wma ,
Gen Cigars
Gen Elt-c ...
G-n Motor .,
Glen Alden .
Gen Asphalt ,
Goodrich ....
Goodyear ....
Granby
Gr Nor Ore .
do pfd ....
Or Cananea .
Gulf S Steel .
Houston Oil .
Hupp Motor ,
Ills Cent ....
In&ptration
lnt Ag Corp.
do pfd ....
Interboro ....
do pfd ....
Int CaJhahan.
lnt Harv ...
do pfd -
Int Jler Mar.
do pfd ....
Int Nickel ..
lnt Paper ...
do rfd
Invincible Oil
Inland Oil ..
Jewel Tea ..
K O Southern
K C Sdu ptd..
Kelly-Sprtld .
Kennecott ....
Keystone Tiro.
Lack Steel ...
Lee Tire
LehlRh Valley.
Loriiiard
Lowe Theaters
L 1 N
Mackay
Maryland Oil.
Mart ft Parry
May Stores ...
Vex Pet ......
V;iml
Vld States Oil
V!tvale steel.
M K & T Wl..
do pfd Wl,.
Mont Tower .
Mont Ward ..
Mo Psc
do pfd
M St P ft S S M
Nor A mn ....
Nat Biscuit ..
Nat Enamel . .
Nat Lead
Nevada Con ..
New Haven . .
Norfolk & W.
Nor Pac
Nova Scotia St
N Y A r Brake
N T Central..
Okla Prod ref.
Ontario Silver.
Ontario ft W. .
Otis Steel
Pacif'c Dev . .
Pac Gas ft Ele
Punta Alleges
Pac.fic Oil ...
Pan Arm Pet.
do "B"
Penna
Peo Gass ....
Per Marquett
Pure Oil
Phillips Pete .
Pierce Atow .
Pierce Oil ....
Pitts Cos! .
Pius ft W Vs.
do pfd
Pr.sc(1 St Car
Ful'.rran ...1.
P. ay Cons ....
Kead-ng
Pemlna-ton ...
P.eDlor'e Steel
Republic I ft S
floo
2.5O0
3.80
1.0UO
4.400
"ioo
100
100
""ioo
7.700
a. 300
200
35
34
'ii
63
81
9
24
19
"23
112
61
81
11
17
143
79
"S9""
12
iii
9
"61
37
34
S3
75
61
81
23
18
'03'"
111
58
8.1
10
16
142
7
rS"
12
iii' '
a
"eb
36
1.600
6, ioo
V.ioo
1.T00
l.!O0
1.000
700
' '300
300
300
200
100
Y.606
3.51X1
1,200
400
V206
&.700
200
5O0
2oO
9O0
7.900
1.O00
2.3O0
m-o
1,000
"l.soo
300
' 3.6O0
700
100
26.700
20 '
S.0O0
3 next
1.000
l.Oi'O
loo
; oo
1 200
2.200
'V.ioo'
' I.60O
' "400
2.SOO
500
6.000
2"0.
rtoo
4 900
5O0
"'700
l.OOO
.A
' liWl
l,OH
4 200
8 300
1 fiou
i;i
5 800
3 700
l.AOA
90O
3 0x
1 OilO
900
500
" '300
900
.-uwi
8O0
2 ioo
900
S,3VO
35
76
'76
76
14
101
38
38"
. 3
8'i
6
84
"ii
70
12
49
"is"
2
13
24.
54
3S
27
16
49
28
59
"ii
114
"2i" "
32
107
119
2fiH
12
31
10
27
67
13
1!
48
57
"
'14"
1
lm
80
59
77
2
10K
- 7 a
64
37
4N
S3
4
S4
75
34
SOH
15
9
2
25
"6
116
14
74
32
32
5S
35
74
"74""
74
14
101
37
-36"
3
8
5
84
"ii"
69
32
49
"ii
2
13
24
54
37
2-7
16
47
27",
58
"ii
11s
'27
32
407
in
26
12
30
10
27
67
13
1
48
"56
"io
'is
17
100
78
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13
2
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10
7
64
36
46
52
46
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74
34
30
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9
1
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lis
14
7S
SO
30
62
Bid.
5S
11
33
56
is
19
45
91
84
Oi
37
95
14
116
20
42
14
63
93
41
31
50
16
113
4
8
45
89
118
32
65
95
24
1V7
133
129
82
10ki
26
13
47
99
97
86
26
102
106
35
53
63
.
111
5
25.
lib
11 1
71
48
8
126
S2
33
64
67
6
16
16
26
19
33
44
57
26
41
69
1
90
19
48
62
19
102
114
34
34
87
75
61
80
9
23
18
110
22
111
59
81
11
16
141'
79
8
88
12
67
145
8
45
60
37
10
23
35
74
26
74
75
14
101
87
8
85
2
8
5
S3
105
14
69
32
48
80
14
2
lh
54
37
27
15
47
27
38
150
11
113
79
37
31
lo
117
26
12
SO
10
27
67
13
18
48
60
56
13!
40
13
17
10O u.
7
25
..
73
2
4
21
10
.
civ
s
46
33
.;i
74
21
S4
30
14
9
61
24
73
63
113
14
73
3'
SO
t2
do pfd IOO
Rep Motors . . 4-0
Roy Dutch Oil 2,600
By Steel Sps
Saxon Motors . 40
Sears Roebuck 7lHl
Shattuck. Arix 200
Shell T ft T... S0O
Sinclair 3.0OO
Stand Oil Ind
do N J 5O0
Sloes Phef 2o0
South Pac ... 18,700
So Railway... 1.5O0
Stan. Oil Cal.
St L ft S F..
Strom h Car...
Studebaker ..
Swift Co..
Tenn C ft C 700
Texas Oil 6.30
Texas Pac... S.900
T P C ft O... 1.3O0
Tob Prod. . . .. 1.500
Transcon OH . . 4.SW0
Union Oil Del S'K
Union Pac... 3.S'M)
Unit Alloy 100
Unit Drug . .. 400
Unit Food P. 4,000
Unit Fruit... 1,100
Union R ft P. 200
TJ S C I Pipe. 14.100
Un Retail St. . 8.O400
U S I AlcohoL 3.300
U S Rubber.. l.w0
do 1st pfd.. 300
TJ S Smelting. 400
U S Steel 34.6O0
do pfd ....
Utah Copper..
Va Chem
do pfd ....
Vanad Steel..
Vivandou ....
Wabash ......
do A pfd...
do B pfd...
Wells Fargo..
West Pac ...
do pfd .'
West Union..
West'h ' A B. .
West'h E ft M
West Md
White Motors.
Willys Over...
do pfd . . ..
Wilson Pkg ..
Wis Central ..
Woolworth ...
Worth Pump.
W ft L E...
White Oil
S3
5
SI
83
5
60-
600
8.500
300
' 6", OOO
9.O0O
l,10O
2.700
206
300
IOO
500
' "l.OOO
1,000
BOO
800
200
63
8
38
20
178"
41
83
19
95
24
"95.
102
10
45
31
25
63
10
19
131
27
6S
3
134
69
27
55
45
54
33
89
116
61
30
"35
8
7
82 .
16
62
90
"53
9
38
5.
m
200 84
100 27
200 148
100 47
loO 7
60O 8
8
38
19
177"
40
82
18
94
23
"ii"
101
10
45
30
24
63
9
19
129
27
68
2
134
68
26
54
44
53
99
S3
87
116
60
30
'si
7
7
21
"82"
15
R2
89
"52
9
87
6
T 27
84
27
148
47
7
8
S3
S
SO
96
2
63
8
37
39
8
178
40
82
18
94
23
39
94
101
10
45
SO
25
63
9
19
129
26
67
3
133
68
2tf
54
44
53
99
82
87
116
60
30
66
"I
7
21
34
81
13
61
89
93
52
9
87
5
27
83
27
148
46
7
8
. 84
. 61
, 95
94
96
BONDS.
a S 2s reg. 101 INo Pao 4s
do coupon. ..1011 do 3s
do 4s reg...104!Pa T & T fis
do cv 4s cpnw105 IPenn con 4a..
Pan 8s reg ,...79 ISo Pac cv 6s....'
00 cpn -i iso Ky 09 o
A T ft T cv 6s.ll0IL!nion Pao 4s... 91
Atcn gen 43. pm iu s st bs 100
1 ac ruo cons 43 1 3
N X Cen deb 6s 99'sl 'Bid.
. fc
Liberty Bond Qnotatlons.
Liberty bond and victory bond quota
tions at New York as furnished by Over-
Decs: & 4JOoke company of Portland :
ODen. Hieh Low
liberty, os ....96.70
Liberty, 1st 4s. ..90.20
Liberty, 2d 4s... 96.00
Liberty, lirt 414s.. 96.10
Liberty, 2d 4 s.. 96.04
Liberty, 3d 4s.. 97.22
Liberty, th 4 s. 98.24
victory.
Victory,
TJUHl HEGEIFTS ARE SMALL
PRICES ARE MAINTAINED IX
ALL DIVISIONS. '
Hogs Firm at $10.75 for Prime
tights With Dime Premium
Paid for Fanc-y.
The run at the stockyards waa again
light, only three loads and prices were
generally firm. This was particularly true
in the hog division where the bulk of the
sales were again made at 10.75, while a
small lot of fine hogs sold at a dime pre
mium over this quotation. Prices were
unchanged in the cattle and sheep mar
kets where offerings were limited.
Receipts were 82 cattle, 2 calves, 166
oops and 27 sheep.
The day's sales were as follows:
Wgt. Price. Wgt. Ptice.
2 steers. 915 1 6.251 lhog... 590 7.0O
1183 7.00U0 hosts..
4.00112 hogs..
3.50 6 hogs. ,
4.50il3 hogs..
4.251 1 bull...
4.50! 1 bull. ..
4.251 1 bull. ..
5.25 7 mixed.
4.30i 6 hogs.
1280
o
930
1130
1030
270
2130
1440
209 1O.30I 1 hog. .
330 9 oO
470 8:50j
173 10.75!
290 9.251
290 10.751
8 hogs
21 lambs.
2 ewes. .
4 wethers
143 10.851
277 10.40
258 10.50
2S3 10.00
1480 5 00
1050 4.75
1210 5.00
892 5.00
200 10.
460 9.00
126 10.23
81 9.23
105 4.50
122 7.50
97.48
96.50
96.18
96.66
96 10
97.88
97.86
4s. -.100.10 1O0.12 10008 1O0.1O
Ss. .. .100.00 100. 00 99.96 99.96
96.50
96.00
96.00
96.10
Sfl.OO
97.22
97.24
Close
97.00
96.10
95.90
98.36
96.0O
97.30
96.30
Mining Stocks at Boston,
BOSTON, .Feb. 10. Closing quotations:
Alloues
Arix Com
Cal ft Ariz 58
Cal & Heels. . .210
Centennial .... 12
Oop Ra oCn C 41
Franklin
Lake Cop 2
Mohawk t;'-.
No Butte 11
28!01d Dom
8Osceoia
fWulncy
Superior
buD ft Boston M
Shannon .......
1. tan Cons ..
Winona
Wolverine
23
32
42
2
1
1
2
40
10
Swift ft Co. Stocks.
Closing prices of Swift & Co. stocks at
Chicago were reported by the Overbeck &
Cooke company of Portland as follows:
Swift & Co 101
Libby, McNeil ft Libby 5
National Leather 2
do new 10
Swift International 21
Money, Silver. Etc.
NEW TORK, Feb. 10. Call money,
easier; high, 5 per cent; low, 4 per cent;
ruling rate, 5 per cent; closing bid, 4 per
cent; ottered at 4 per cent; last loan,
4 per cent.
Time loans, firm; 60 dsys, 4 5 per
cent; 90 days, ilkQo per cent; six months,
4 & 5 per cent.
Prime mercantile paper, 45 per cent.
Bar silver, foreign, 65c.
Mexican dollars, 60 c.
LONDON, Feb. 10. Bar silver, 34 d per
ounce.
Money, 2 per cent.
D.scount rates and short and three
months' bills, 3 3-10 per cent.
New Vork Bonds,
New York bond Quotations furnTshed by
Herrln & Knodes, inc., Ol Portland.
110
100
102
102
95
102
88
79
100
101 .
100
101
107
99
lull
108
1U9
103
97
96
105
106.
106
58
110
101
108
100
102
102
103
104
3 03
107
108
107
104
101
96
109
97
11.2
303
107
99
Humble Oil 7s 1923 100
Am Tel ft Tel 6s.
Am Tob 7s
do
Anaconda 7s B...
Anaconda 6s A...
Armour cv 7s....
Armour 4s ....
Argentine ul os..
Am Ag Chem 7a
uetn foteel s
do
do Ea 7s
Belgium Ext 7s
Belgium 6s
do 8s
Bergen 8s, City of
Berne ss. Ulty ox
Braxil 8s
Canadian 5s . . . . . .-t. . .. . . .
do
Can. Nat Eq. 7s
Chi ft N-W 6s
Chicago, N-W 7s
51 & st p gndcri s a
Can Nor 7s ...j
Chile 8s
Christiana 8s, City of
Copper Exp 8s
ao
do
do
Cuban Amer Sugar 6s.
Con Gas cv is........
Dla Match 7s
Denmark 8s ..........
Danish Mun 8s
Dupont 7s
French ext. 8s
French 78
Grand Trunk 7s.......
Goodrich ,s ........
Goodyear 8s
Gulf Oil 7s
Great Northern 7s....
Hershey 7s
.192
1922
1923
1929
1929
.11130
1029
1945
1W41
.'. ..1922
1923
1935
1945
1925
.111-10
1945
, 1945
1941
1926
1931
1935
3936
. .1930
..2014
4.3 940
..1941
......'.1945
1922
1923
;..3924
1923
3 931
1925
1935
.......1945
1945
J 931
...1941
..-.1940
...1925
...1941
...1933
...1936
.1930
Int Rao Tr ref 5s 1966
lnt Mar CT 6s 1941
Jap ext 4s 1931
Jap 1st ext 4s 1925
Jap 2d 4s ger S 1925
Kellv Springfield 8s 19:11
Kennecott 7s 1930
Llbbv, McNeil & Libby 7s
Morris ft Co. ,73 1930
Mexican Pete 8s 1936
NYC call 7s 3930
Norway Ss 1940
N P ft G N (Jnt) 63 1936
X P s 2047
Northwest Tel 7s 1941
Ohio C. G 7s 3925
Ohio Power 7s 3951
Pan Amer 7s 3930
Pnns 63 3916
Rua Rubies 5s 1926
San Paulo 8s 1936
Southwt Tel 7s 192
Swedish Govt, fls 1M
Standard OH N. Y. 7s 1931 ,
Stand Oil of Cal 7s 1U
Steel ft Tuoe 7s.., 19.il
Swiss 8s - 1940
Sears Roe 7s
. do 1 123
Plnr'air s 1?-:
Swirt Co 7s 19-.
T-n Tank 7s 1930
Un! King cv 53 1922
do 3 02fl
rni King Ks 1937
Uruguay Ext 5s ........... ...
U S Rubber 73 1fl-o
Wilson 1st s i.1928
West Elec 7s . 19:i
Westinghouse 7s 193t
Zurich S. 1943
64
92
73
88
87
103
102
99
103
100
106
109
106
106
107
inn
101
95
106
4
101
lOl
97
107
in-,
98
114
ion .
99
ion
ioo
103
103
103
9S
66
104
84
in.- 54
105
108
6 steers.
1 cow. . .
1 cow . .
1 cow. ,
1 cow. .
H cow..
1 calf..
1 bull...
1 bull...
40 hogs. .
1 hog...
1 hog. . .
61 hogs. .
1 hog . . .
1 hog. . .
Prices quoted at the Portland Union
stockyards wero aa follows:
Cattle Prices.
Choice steers t 7.00 7.75
Medium to good steers...,...
Fair to medium steers.
Common to fair steers .......
Choice feeders ....I..........
Fair to good feeders
Choice cows and heifers
Medium to good cows, heifers.
Fair to medium cows, heifers.
Common cows
Bulls '.
Choice dairy calves
Prime light calves ............
Medium light calves ........
Heavy calves .,
Hogs
Prime light ,
Smooth heavy, 20O -to 300 lbs.
Smooth heavy, 300 lbs. up....
Rough heavy ................
Fat pigs
Feeder piga
Stags, subject to dockage....
Sheep
East-of-mountain lambs......
Best valley lambs
Cull lambs
Fair to good
Eastern Oregon feeders.......
Light yearlings ,.
Heavy yearlings
Light wethers
Heavy , wiethers .
alwes
6.25 7.0O
0-75 W 6 23
4.75 6.75
6.009 6.30
4.50 6.00
6.25
5.00 S.75
4.25g 6.00
. 2.20 3.15
. .. 3.5U81o-au
.. ll.OO1200
. . 10.00 11.00
. . 7.00e 1U.UO
.. 5.60i3 7.50
10.5OlO.7S
9.23 10.
8.25 9.25
6.00 8.75
10.25 10.50
10.00 10.25
5.00 7.00
9. 75 10.50
8.234? 9.25
4.75 6.25
6.75 8.25
7.00 8.00
7.60 8.00
6.00 !UJ 7.50
6.50 7.50
4 SOW .B.OU
3.000 6.00
Chicago Livestock Market.
CHICAGO, Feb. 10. (United States Bu
reau of Markets.) Cattle Receipts. -4000
head. Beef steers steady to strong; qual
ity plain to S6.80, weight 1326 pounds;
bulk beef steers, S6.757.73; fat she stock
and calves steady; bulk vealers, J1010.75;
canners, cutters ' and bulls, slow,- about
steady; bulk bolognas, $3.854.10; mock
era and feeders firm; bulk $6.23 6.75.
Hogs Recerpts, 31,000 head. Market
30c to 23c higher than yesterday's average.
Lighter weights active, others "slow; big
packers holding back; (10.25 paid for 160
pounl average; bulk light, $1010.25;
bulk others, $9.50ig'9.9O, pigs, 1015c
higher; bulk desirable around $9.50.
Sheep Receipts, 6000 head. Best fa
lambs strong to 15c higher; others and
sheep steady, fat lambs, top to shippers,
early, (14.75; packers, $14.65; medium and
go'od kinds. $13. 7& 14.40: fat ewes. too.
aarly, $7.75.,
. Kansas City Livestock Market.
KANSAS CITY, Mo., Feb. 10. (United
States Bureau of Markets.) Cattte Re
ceipts, 1100 head. Beef steers and fat
she stock steady and strong; top -steers,
$7.50; medium to good heifers, $5&6.50;
fairly good cows around $4.75; plain $4
4.23; canners and cutters, $2.503.75: bulls
mostly $3.754.25; good vealers, $S.509;
no cnoice ones ottered; good stock steerB.
36.50.
Hogs Receipts. 2000 head. Market fairly
active, steady to strong; spots 10c higher;
shippers buying sparingly; few lightweight
on sale; best 170 to ISO-pound light
weights, $9.609.85; 200 to 300-poundrs,
auto-u.oo; duik ol sales, $8.159.60; packer
top, $9.t!0; packing sows and ilgs steady.
. Sheep Receipts, 7000 head. SheeD
steady. Lambs generally 1015c higher;
uothing choice on sale; best offered, $13.60.
Omaha Livestock Market,
OMAHA, Feb. 10-s-(United States Bu-'
reau of Markets.) 'Hogs Receipts, 9000.
Lights. 15o25c higher: other erariM
steady to lOc higher; bulk, $9.1O9.60; top,
0.40, u.tatue mnues, 4 1 . 40 up o. 1 o.
Cattle Receipts, 1300 head. Beef steers
steady to easier. She stock about steady;
bulls dull, 25c lower; veals. Blockers, . gen
erally steaely.
Sheep Receipts, 5500 head. Lambs
steady to 13c lower; bulk $13.3018 13 -60:
top owier classes steady: yearlings !
' Personal N. i J
letter y C
1 jut yOz.
efficiency ,-3r- V ' 9 .---tot.;; -r
SSfc "f I0S patterns oV . jf' "mm -jJij'
" L tU "LP XL! West-Made Desks 1 X Pll
. if -w D inOahand j J t ,
tHe
esk
Did you ever hear of a guaranteed
desk? Here it is ! WEST-MADE !
We call it the 50-year desk but guar
. antee it without limit against de
fects of workmanship or material !.
WEST-MADE desks are now sold in every State west of the
Rockies. They're used in the best-equipped offices of San
Francisco, Los Angeles, Portland and Seattle.
West-Made desks are rugged, massive, business-like. They have
many exclusive features that increase efficiency. Drawers are
scientifically arranged. Every space is built for a certain purpose.
Added to the recognized merit, is a substantial saving in freight, be
cause West-Made desks are built on the Pacific Coast.
Different modsls in standard, harmonious designs, make them equally suitable
for private or general office. See the complete West-Made line at leading ogftce
furniture dealers from Seattle to San Diego. ,
WEST-MADE DESK COMPANY
Manufacturers
. .. Portland, U. S. A.
Sold in Portland by Kilham Stationery & Printing Co.
Glass & Prudhomme Co. Bushong & Co
T
COIiD WAVE PREDICTED FOR
"WINTER CROP BELT.
Higher Foreign Prices Also Influ
ence Chicago Market Argen
tine Estimates Reduced.
CHICAGO, Feb. 10. Unfavorable con
ditions for the domestic winter crop, to
gether with higher quotations at Liver
pool and Buenos Aires, did a good deal
today to bring about new upturns here in
the price of wheat. The market closed
firm, at 1 4 2 c -net gain, with May
11.81 1.81 and July 91.17 01.17.
Corn advanced ' to H4lc, oats to
ec, ana provisions nngiac.
With high winus Teportea as prevail
ing in Kansas, a cold wave predicted and
no moisture looked for, a majority of
wheat traders appeared to regard the crop
outlook as becoming more critical and as
warranting hiEher prices, bpeciai signui-
cance, too, was generally attached to the
fresh gain in values at .Liverpool in par
ticular, inasmuch as the Liverpool mar
ket had already made a straight away ad
vance of 26 cents as against 16 cents here.
A reduction of 50,000,000 bushels in cur
rent estimates of the Argentine crop sur
plus was also effective as a stimulus to
buyers.
Word of serious damage to the corn
crop in Argentina was the chief, factor
producing higher prices here for corn.
Changes in the value of oats were gov
erned mainly oy me action oi mo corn
market.
Provisions ascended witn nogs ana
grain.
I. 35. Oats, red feed, 91.40(81.50. - Com.
white Egyptian, SI. 72 1.B9; red milo.
II. d501.6O.
Hay White, 91701; fair. 914017; tame
oat, 915018; wild oat, 911018; alfalfa,
$13016; stock, 97010; straw, nominal.
Seattle Grain Market.
SEATTLE, Feb. 10. Wheat, hard white,
soft white, white club, soft red winter,
91.17; hard red winter, 91-19; northern
spring, 91-18; eastern red Walla, 91-13;
Big Bend bluestem. 91-24.
Winnipeg Grain Market.
WINNIPEG, Feb. 10. Wheat, May
91-26, July 91-23.
Dolnth Linseed Market.
DTTLTJTH, Feb. 10. Linseed on track,
92.3002.41; to arrive, 92.39.
shipments, 1063; stock, 72.805, Quote: B,
E, F, G, H, L. 94.20; K, 94.SO; M, 95.15; N,
95.40; WO, 9570; WW. 98.
WHEAT IMPOSTS' LIKELY
TJ. S. IS FACING SHORTAGE BE
FORE YEAR ENDS. .
Seattle Livestock Market.
SEATTLE, Feb. 10. Cattle and hosrs.
steady; no receipts; no price change.
TRADE IMPROVEMENT IS UNEVEN
Gains. While Moderate. Are of Wholesome
Character.
NEW TORK, Feb. 10. Dun's Review to
morrow will say:
The movement toward better business
continues, but it is still slow and uneven
ana encounters various obstacles. Efforts
to reduce production costs through ad
justment of wages and working hours meet
with resistance in some quarters and labor
troubles at certain points have further re
stricted the public consuming power.
Results of retail distribution disclose the
influence of economy and discrimination
in purchasing and the effect of variable
weather, while demands in different pri
mary channels reveal an unmistakable
undercurrent of hesitation and caution.
the gains which appear however, are of
wholesome character, if moderate, and
the improved position of the steel industry
is especially encouraging. At prices much
below the previous highest levels, some
buyers who had deferred commitments as
far as possible during the period of de
flation are now more disposed to operate,
and the trend is steadily in the direction
of increased outputs at some manufactur
ing establishments.
Weekly bank clearings were 95.713.
820.000.
Standard Oil Storks.
Standard Oil quotations furniphed
by
Overbeck A Cooke company of Portland:
liising
Bid. Asked,
AngTo 17
Borne Scrysmer 32
Buckeye 11
Chesebrough -.15
do pfd iw
Con tf nental 128
Crescent 32
Cumberland 132
Eureka 8S -
Galena com 42
Galena Old pfd 107
do New pfd 1W
Illinois Pipe 1VT
Iniana Pipe 80
National Transit 29
N. Y. Transit .l-'4
Northern Pipe -. . -1 -
Ohio Oil 203
InterM Pete 14
Penn Mex 18
Prairie Oil .135 .
Prairie Pipe 240
Solar Refg 360
Southern Pipe. E. Div 14
South Penn Oil 1M
S. W. Pern Oil 6
S O Indiana
S O Kansas .550
S O Kentucky 4.".S
S O New ork 3rti
S O Otoio .-. ...8J.
do pfd 115
Swan A Finch 3rt
Vacuum .334
Washington ................. JS
S O Nebraska 1W
Imperial Oii 102
17
3-0
13
1 !K
112
132
34
142
90 .
43
110
102
171
PI
29
ir.9
105
272
15
19
545
244
30
96
190
64
86
570 -465
365
390
116
35
337
32
175
104
Phone your want ads to The Ore
gonian. Main 7070. Automatic 560-95.
Foreign Exchange.
NEW YORK. Feb. 10. Poreien exchange
heavy. Great Britain, demand, 94.34 y ;
cables, 94.34. France, demand, 8.56; cables
cables, 8.56U. Italy, demand, 4.87: cables
4.8S. Belgium, demand. 8.15; cables, 8.16.
Germany, demand, .50; cables, .51. Hol
land, demand, &i.zz cables. 87.28. Norwav.
demand. 16.43. Sweden, demand, 25.98.
Denmark, demand. 20.50. Switzerland, de
mand, lit. 43. Spain, demand, 15.70. Greece,
demand, 4.48. Poland, demuid, .03.
Czecho-Slovakia, demand, 1.94. Argentine,
demand. 36.37. Brazil, demand. 13.50. Mon
treal. 15.
QUOTATIONS ON IAIRT TROOUCTS
Current Pricea Baling on Batter, Cheese
and Eggs.
SAN FRANCISCO, Feb. 10. Butter, ex
tra 47c; prime firsts, 35c.
Eggs Extras, 32fec; extra pullets,
30 "isc; .undersized, No, 1, 27c.
Cheese California flat fancy, 26c;
Young A merica, fancy, 28c
NEW YORK, Feb. 10. Butter Firmer;
creamery higher than extras. 373438c;
creami-ry extras, 37Mtc; creamery firsts,
33 37c
Eggs Steady; fresh gathered firsts, 41
43c. ,
Cheese Firmer.
t
CHICAGO, Feb. 10. Butter Lower;
creamery extras, 37o; firsts, 3136c; sec
onds, 2s30c; standards, 34 a
Eggs Lower; receipts, 11,184 cases;
firsts, 36S6Ac; ordinary firsts, 3132c;
miscellaneous, 34 & 35c.
SEATTLE, Wash.,
butter unchanged.
.Feb. .10. Eggs and
Coffee Futures More Active.
NEW YORK, Feb. 10. The market for
coffee futures was a little more active
today and generally lower. It closed at
a net decline of 11 to 16 points. Sales es
timated 13,000 bags. March, 8.46c; May,
8.49c ; July, 8.50c ; September, 8.52c; Oc
tober, 8.52c; December, 8.53c.
Spot, quiet, Rio 7s, 8Ts9c; Santos 4s,
1212ic
Eastern Poultry Market.
NEW YORK, Feb. 10. Live poultry,
firm; broilers, 3640c; chickens, 25 32c;
fowls. 31 33c.
Dressed, irregular. Western chickens,
2545c; old roosters, 1924c
The Chlcaeo grain letter received yes
terday by the Overbeck & Cooke company
of Portland follows:
W heat Selling was ratner general .
the opening, but offerings soon dried up
nnrt Tiriees advanced rapidly on the more
bullish news budget. Perhaps the most en
couraging development of all was the ap
pearance of export buying, in conjunction
with" renewed activity in domestic milling
circles. Up to the close, the seaboard con
firmed only 000, woo ousneis soiu ior
nnrt. mostly Manitobas, but It was the
impression, with sood foundation,
that a much, better business was done in
Canadian aa well as sulf wheat. Local
milling interests reporteo. liberal ilour sales
over n&ffht lor domestic consumption, aim
it was intimated, but lacked confirmation,
that a large export flour order had been
placed. W,e believe prices will continue to
Corn Activity on the buying side of
futures found the market more responsive
than has been the case for the past few
days. Pressure from cash interests was
less in evidence and there was considerable
buvine credited to the seaboard against
export salea. The cash market was strong
and the basis slightly higher. The farmer
is able to secure a far better price lor kio
corn through the medium of livestock and
we see no reason why tnere snqum do u
burdensome pressure until a more attrac
tive market is offered.
Oats Bullish sentiment predominated in
this market. Influenced by the advances In
other grains and a strong cash market.
Other -news was colorless. When the usual
spring demand for oats gets under way,
the l;rade will recognize the fact that the
statistical position is very much the re
verse of what the visible supply would in
dicate. Rye Trade in futures was the largest In
a long while with prices on the up grade,
aided by reports from the seaboard of a
good export demand which was substan
tiated by buying in this market.
Provisions The strength in grain and
higher hog markets encouraged buying for
investment accouat, which found offerings
light.
leading futures ranged as follows: .
WHEAT.
Open. High. Low. Close.
...$1.29 Jl.32 U 29 J1.31S
... 1.15 1.38 1.15V& 1-1714
CORN.
... .6T .50 .57 .69 H
... .80 . .ffii ' .60 .61
OATS.
... .89 .40 .394 .40
... .41 .42 .41 .41
ES3 FORK.
May
July
May
July
May
July
May
19.00
May
July
May
July
CHICAGO. Feb.
higher; fowls, 24c;
tera, 17c
10. Poultry, alive,
springs, 2ftc; roos-
LARD.
...10.65 30.112 10.65 1O.S0
...10.87 11.08 10.87 11.02
SHORT RIBS.
. . . 9.97 10.25 9.97 10.25
...10.25 10.S5 10.25 10.35
Wheat No. 3 red, $1.2T1.30; No. 4 red,
''own-N'o. 2 mixed, 53H54c; No. 2
yellow, '5355c
Oats No. 2 white, 384014c; No. 8
white, 8537ic.
Rye No. 2, 96c.
Barley 5565c.
Timothy seed $5 7.50.
Clover seed $1222.
Pork Nominal. .
Lard $10.50.
Ribs $8.7o10.75.
Primary Beceipts.
CHICAGO, Feb. 10. Primary receipts
Wheat, 880,000 bushels against 938.000
bushels; corn, 2,018,000 bushels against
931,000 bushels; oats, S58,U0O busbeis
against 40ff,uou ousneis.
shipments Wheat, 504.000 buuhels
against 1,052,000 bushels; corn, 1.388.OO0
bushels against 515,000 bushels; oats, 613,
000 bushels against 322.000 bushels.
Clearances Wheat 523,000 bushela; flour
42,000 barrels; corn 388,000 bushels oats
36000 bushels.
Carlots Minneapolis, wheat 203, corn
t nut. Rl. rve 7: Duluth. wheat 7. corn
3S' oats 1. Kansas City, wheat 228, corn
4S oats 1; St. Louis, wheat 33. corn 124,
oats 21; Omaha, wheat 71, corn 76, oats 21.
Minneapolis Grain Market.
MINNEAPOLIS. Feb. 10. Barley, 44
5-8- flax. No. 1. $2.362.43; wheat. May
$1.35. July $1.26. ,
San Francisco Grain Market.
SAN FRANCISCO, Feb. IO. Wheat
Milling. $2.052.12: feed, $22.1. Bar
ley, feed, $1.22ii fe l.30; shipping, $1.32 9
Over-exportation of Surplus to Eu
rope Indicated Argentine and
Australian Estimates Reduced.
The position of the wheat market could
not be much stronger, according to the
weekly grain review of Logan & Bryan,
of Chicago, received yesterday by Over
beck & Cooke company of this city, which
said:
Statistical deductions on the world's
wheat position are being revised from day
to day and the latest conclusion is that
the margin between supply and require
ments is going to be alarmingly close.
The persistent advances in Liverpool and
Buenos Aires prices have been more or
less mysterious, in view of the fact that
the southern hemisphere's crops are Just
being put on the market. Disappointing
yields are undoubtedly the explanation.
The United States department of agricul
ture yesterday received an official report
placing the Argentine crop at 155,000,000
bushels or a reduction of more 'than 50.
000,000 bushels from the estimates earlier
in the season, which statisticians of Kurope
accepted in computing their supply and
demand, possibilities.
The Australian exportable surplus also
has been reduced. some 30,000,000 bushels
or more. This can only mean that import
ing Europe must look to North American
supplies and Canada must furnish all of it,
unless the United States is to be placed
on an Importing basis before the end of
.the season. This will probably be the case,
as even now, with our exportable surplus
well cleaned up, we are selling a little
wheat abroad from time to time and likely
to sell considerably more during the next
four months.
One thing that has held the market in
check recently has been the lagging ten
dency of the cash market a local con
dition due In large part to the scarcity of
storage spacein Chicago and indifference
on the part of the milling interests. Ele
vator facilities have been overtaxed by
the large supply of coarse grains. Stocks
of wheat here are comparatively small and
It is reasonable to assume a big part of it
will be moved out by way of the lakes
when navigation opens, in, which event
shorts in May will find themselves in the
uncomfortable position of not being able
to secure the wheat necessary to fulfill
their contracts.
One big surprise of the week was the
decrease of over 1,500,000 bushels in the
visible supply, in face of large receipts
and small clearances, Bhowing much
larger domestic disappearances than re
ports indicated.
The country is awakening to the situ
ation and when the demand for flour gets
well under way it Is apt to create excep
tional conditions
World Wheat Shipments Increased.
World shipments of wheat last week
compare with the same week last year as
follows:
Wk. ending. Wk. ending.
Feb. 4. '22. Feb. 5. '21.
U. S. and Canada... . 5,115,000 9,714.000
Argentina 3,44,uw yho.uoo
Australia 4,272,000 1,806,000
Others 24,000 754,000
Land Exchange Made. "
OLTMPIA, "Wash., Feb. 10. (Spe
cial.) Clark W. Savidge. state land
commissidner, returned from Portland
W ednesday, where he conferred Tues
day with federal government officials
on the land exchange carried out be
tween the state and federal govern
ments. In th exchange the stale of
Washington is given more than 400.
000 acres of timber land in exchange
for those sections taken by the gov
ernment and included in the forest
reserve. The lands taken were un
surveyed sections of heavily timbered
school lands, the timber of which is
now being cruised.
Phone your want ads to The Ore
gonian. Main 7070. Automatic 660-r.
Totals- 13.355,000 131,150,000
Shipments for the season to date com-
.pare as follows:
July 1, '21. last season.
U. S. and Canada. 3S2.2fll.000 2S6.307.000
Argentina 27,39,000 41,070,000
Australia 67.152.OO0 22,150.000
Others 3,404,000 5,602.000
Totals
370.216.000 355.138,000
Dried Fruit at New York.
NEW TORK, Feb. 10. Evaporated ap
ples, fewer. Prunes, more wanted. Peaches
firm.
Naval Stores.
on. v At. An, v , x-cw. .v. . ... ,
firm, 8585c; sales, 172; receipts, 29;
smpineiiis, w; biuuk, uiio.
Rosin, firm; salPS, .-vo; receipts, vi;
NOTICE OP HRDEJ1PTIOV TO
HOI.13F.RS OF VICTOHV
KOTK9 ASD OTHERS
COSCBHSBB.
Kotiec I Herehy Given as
liollowst
1 Call for redemption of 8
per cent Victory Notes. All of
these per cent series of
United States of America con
vertible gold notes of 1922-1923,
otherwise known ao 3 percent
Victory Notes, are hereby called
for redemption on June 15th,
1922, pursuant to the provision
fdr redemption contained in the
notes and the treasury depart
ment circular, No. 138-, dated
April 21st, 1919 under .whicn
the notes were originally issued.
Interest on all Victory Notes of
the 3 per cent series will
cease on said redemption date,
June 15th, 1922. .
2 Suspension and termina
tion of Victory Note conversion,
privilege, In view of the call f or
the redemption of all 3 per
cent Victory Notes on June 15th,
1922 and pursuant to the provi
sions of said treasury depart
men? circular, No 138. the privi
lege of conversion of Victory
Notes of either series into Vic
tory Notes of the other series is
herebv suspended from Febru
arTsth. 1922, to June 15th, 1922.
both inclusive, and on June 15th,
1922 will terminate.' Victory
Note's, 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 Detailed information as to
the' presentation and surrender
of 3 Per cent Victory Notes
for redemption is g 1 v e n in
treasury department circular,
No 297, dated February 9th,
1922, two copies of which are
available at the treasury and
the federal reserve bank.
e A. W. MELLON,
Secretary of the Treasury.-
n TAKE your income
count for something.
Our Partial Payment
Plan holds out to you
the opportunity for suc
cess, regardless of the
size or source of your
income. Ask us,
Freeman, Smith!
& Camp Co.
Lumbermen Bldo.. Portland
JOHN PURSE & CO.
CONSULTING PUBLIC
ACCOUNTANTS AND AUDITORS
fill ARTISANS JILIXIHNG.
Broadway 2833.
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Financial Examinations.
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George Black & Company
PUBLIC ACCOUNTANTS AND AUDITORS
Worcester Building
. . Telephone Broadway 7370
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GEORGE BLACK, C. P. A. General Praettes
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