TTIE. MORNING OREGONIAN, ' THURSDAY, FEBRUARY iq, 1D22
21
FAM LY FLOUR PRICE
UP SIXTI CHITS
Market Responds to Recent
Advance in Wheat.
GREATEST RISE OF SEASON
Bakers' Grades Are Lifted Twenty
to Forty 'cents Barrel Mill-' f
feed Also Higher.
Patent . flour prices will be advanced
60 cents t barrel this morning, to $3.20
for the best family graftes. .TThfs ia the
greatest advance the market ha had .this
season and Is due to the sharp rise In
wheat prices.
The flour market has been moving
steadily upward this month In response to
the advance in wheat, the best milling
grades of which are becoming scarce. The
market has registered & total gain of $1.20
a barrel from the low point of last Oc
tober, when wheat was at Its cheapest
level. The course of patent flour prices
from that date has been as follows:
October 21 '. $T.no
January US 7.20
February 3 . . T.40
February 7.60
February 16 8 20
Other grades of flour as well will ad
vance today, but not to the extent of
family patents. Bakers' hard wheat flour
will be up 20 cents to 17.90 and bakers'
bluestem patents will advance 40 cents
tn 7 Tm vallsv enft whpnt flnnrS.
Y graham and whole wheat the advance will
be 40 scents, while straights will be 20
cents higher.
Mill feeds also share in the market's
uplift. Mjllrun prices will be advanced
111 a ton to $2" at mill for minimum quan
tities and there will be a similar advance
ot $2 a ton in middlings.
WHEAT BIDS ARE AGAIN RAISED
Buying; Slows Down and Trade Believes'
Advance Will Halt.
The wheat market went higher again
yesterday. Merchants' Exchange bids for
hard white were advanced 4 cents to $1.25
and for the other grades the offers were
3 cents over Tuesday. Hieher pries also
prevailed in the country, where there were
otters equal to $1.45 to $1.47 for the
choicest bluestem.
There was not so much buying in the
country, however, as it was found diffi
cult to place wheat at these high prices.
Aside from the sentiment expressed at
the exchange session, the feeling in the
trade was decidedly less bullish than on
Tuesday. The opinion was expressed that
the domestic market had overdone Itself
In the recent bulges and further declines
during the day in the foreign markets
were pointed to -as . Indications that the
extreme American prices might not be
maintained.
Coarse grain' prices' were also advanced
on the local board, the bids being 50 cents
to $2 higher than those of the day be
fore. ,
Tho Liverpool wheat market closed 29id
lower. At Buenos Aires wheat opened
2 "4 cents lower, y
A dispatch -from Smith Center, Kan.,
said: "Wheat around here does not prom
ise a single bushel. Farmers will drill in
oats and barley."
Bradstreet's estimates the world visible
wheat, increase at 278,000 bushels, and the
corn increase at 4,230,000 bushels.
Terminal receipts, in cars, were reported
by the Merchants Exchange as follows:
Wheat. Barley.Flour.Oats.Hay
Portland Wed. KH ... . 2 1
Year ago 30 1 7
Season to date.22S2 151 1638 .3 1318
Year ago 114(11 182 604 37B 1840
Tacoma Tues. . 3. . . , . v . . 1 2
Year ago "! ... ... 1
Season to date. 8104 2 , 1030 115 .605
Year ago 3374 4T 608 04 602
Seattle Tues. .. 30 ... 7
Year ago 11... 2 1 1
Season to date. 62S.1 loo 1B14 307 1235
Year ago 3H.15 1st 267 313 1001
I'KODUCTION OF BCTTEB INCREASED
Gain of One Million Pounds in - Oregon
Output Jjst Year.
There was an Increase ot 1,000,000
pounds In production of butter In Oregon
last year and a similar increase In cheese
production, while the output of condensed
milk decreased 12.500,000 pounds as com
pared with the preceding year, according
to the annual report of C. L. Hawley;
state dairy and food commissioner,, issued
yesterday. 'M
Eighty-two creameries in 1921 manufac-
. tured 17,111,671 pounds of butter.
36 cheese output of 64 factories was
Vlf.146,978 pounds.
rr.l. :ti j, - ....
Aiio,eveu iiti:n cunacnseries oi me state
produced 2S,4o4,476 pounds of condensed
n.llk.
During the year 1,799,513 pounds of but
ter fat were used In the manufacture of
Ice cream.
year ago and only 424,000 pounds more
thanthe five-year average. The prelim
inary figures on butter, cheese and egg
holdings os February 1 follow;
February 1,
1022. 1921. 5-yr. av.
Butter, lbs.35,107,000 41,530,000 34,743,000
Cheese, lbB.21,4K0,OO0 25,182,000 32.506.00O
Eggs, cases 182.000 44,000 173,000
PORTLAND MARKET QUOTATIONS
Grain, Floor, Feed, Etc.
Noon session Merchants' Exchange.
Bid
Wheat Feb. Mar.
Hard white ..,........$1.23 $1.25
Soft white 1.24 1.24
Whits club 1.24 1.24
Hard winter 1.24 1.24
Northern spring 1.23 1.23
Red Walla 1.18 1.18
Oats
No. 3 white feed ..30.50 31.00
No. 2 gray 20.00 30.00
Barley
Brewing 27.50 28.00
Standard feed ...26.50 27.00
Corn
No. 2 15, T. shipment.' 27.50 27.50
No. 3 E. Y. ahipment 27.25 27.25
FLOUR Family patents. $8.20 per bbl.;
whole wheat, $7; graham, $6.80; bakers'
hard wheat, $7.00; barters' bluestem pat
ents, $7.40; valley soft wheat, $6.45;
straights, $6.05.
M1L.L.FEED Price 1. o. b. mill: Mill
run, ton lota, $27; mixed cars, $26; straight
cars, $25 per ton; middlings, $32; rolled
barley, $3438i rolled oats, $37; scratch
feed, $45 per ton.
CORN White, $32; cracked, $34 ton.
HAY Buying price f. o. b. Portland:
Alfalfa, J13 00cgl4 per ton; cheat. $10.50
11; oat and vetch, $14.50; clover, $11;
valley timothy, $1415; eastern Oregon
timothy, 161T.
Dairy and Country Produce.
BUTJER Cubes, extras, 8536c per lb.;
parchment wrapped, box lots, 41c; cartons,
41c. Butterfat, buying prices: No. 1 grade,
37c, delivered Portland. '1
BGG8 Buying price, 26 27c dozen, case
count; Jobbing prices, case - count, 28c;
candled ranch, 30c; association, .selects.
32c; association firsts, 30c; association
pullets. 28c. 1 '
CHEESE Tillamook ' triplets, price to
jobbers, f. o. b. Tillamook, 26c; Young
Americas, 27c pound.
POULTRY Hens. 1825c: serines, 22c;
Mucks, 2228c; geese, 20c; turkeys, live
nominal, dressed,. 38 40c. .
PORK Fancy, 14 tic per pound.
VEAL Fancy. 15c per pound.
Fruits and Vegetables.
Local jobbing quotations:
FRUITS Navel oranges, $4.756.50 box;
lemons, $6.508.00: grapefruit, $4.25(97.50
box; bananas, 8tto peri pound; apples,
$1.353.25 per box; cranberries, eastern,
$18 per barrel.
POTATOES Oregon, $1.75 2.00 per 100
pounds; Yakima. $22.50 per 100 pounds;
sweet potatoes, 5&5c per pound:
Nancy Hall, $2.50 per crate.
ONIONS Yellow, $7.508 per cental.
VEGETABLES Cabbage, 3 Vi 5c per
pound; lettuce, $4.75 5 cratej carrots, $1
2 sack; garlic, 15c per pound; green
peppers, 45c per pound; beets, $22.50 pet
sack; celery, $8.00(8)10 crate; cauunower,
$2.2."i(B3.25 per crate; squosh, 4c; sprouts,
ST
MOST LIBERTY ISSUES CLOSE
AT HIGHER PRICES. ,
British, Mexican, Cuban and Aus
tralian Bonds Also- Advance.
Cheaper Money Aids Stocks.
NEW YORK, Feb. 15. Tho bond mar
ket today showed less apprehension con
cerning soldier bonus legislation. . Liberal
issues, closed mostly at gains after early
hesitation and many . of the low-priced
rails were irregularly higher. In the
foreign group. United Kingdoms again led
at best prices for the current movement.
Republic of Cuba 5s, Mexican government
5s and the new Queensland (Australia)
issue also were strong. Total galea, par
value, aggregated $16,750,000.
The stock market continued to move
towards irregular higher price levels, al
though much ot the advance was for
feited In the general profit-taking of the
later dealings.
Further lowering of local money rates
and signs that world-wide money con
ditions are tending in the direction of
greater eaae, together with the small
floating supply of popular stocks; were
the sustaining factors.
remand loans opened at 4 per cent
but fell to 4 per cent before noon. In
private transactions, nlenty' of call money
was available at 3V4 per cent and prime
mercantile paper of 30 to 90 days was sold
at i per oent.
Reduction of the Cleveland federal re
serve bank rate directed renewed atten
tion to prospects of another reduction at
this center. Private cables from London
predicted an early cut in the Bank of
England rate.
The greater part of today's fairly large
business was restricted to steels, oils,
equipments, motors and coppers. United
States Steel making a new high since 1920
and retaining all but the smallest frac
tion of Its gains at 90.
Rails also showed further improvement,
but buying of those issues lacked the sub
stantial charaeffer of the previous day's
accumulation. Sales amounted to 800,000
shares.
Trade reviews again stressed the uncer
tain state of the steel and iron industry.
This Was strongly illustrated in the an
nual reports of the Midvale and Pressed
Steel Car companies, which were In keep
ing with unfavorable forecasts.
Trading in foreign exchanges fell off
perceptibly, the British and allied re
mittances reacting moderately. The Dutch
aa.te also eased, but bills on the Scandi
navian countries continued to strengthen
with the eastern European remittances.
CLOSING STOCK QUOTATIONS.
(Furnished by Overbeck & Cooke com
pany of Portland.)
20(g)21c; parsnips. $1.502.50 per sack;
tomatoes, $55.50 per lug; artichokes,
$1,836)2 per dozen; cucumbei-sy $2.50
WORLD WIDE SCARCITY OF WHEAT
Broomhall's Figures on RequlreVents
Have Bullish Effect on Market.
Statistics issued by Broomhall yesterday
on requirements and supplies, which had
an effect on- all markets, showed net re
quirements of importing countries to be
600,000,000 bushels, of which 308,000.000
bushels have been shipped today. The re
mainder to be shipped, 202,00,000 bushels,
shows a very close adjustment.
A cable from Argentina says Argentine
contribution of old corn may be consid
ered as finished and Europe's require
ments for the next six months must all
come from America. It is significant that
the bulk of the world's shipments have
bten directed to the continent.
DEMAND FOR EGGS IS LIGHTER
Butter Firm, With Top Grades of Cubes
Scarce.
The demand for eggs was not so active
yesterday and buyers were Inclined to
r-duce their bids, but there waa no mate
rial change in prices.-, Resales of current
receipts on the street were made at 27
271 cents. 1 -
Butter was firm, with a good demand
for cubes at S536 cents. The better
grades were in small supply.
Poultry continued firm. Receipts were
not large and the local inquiry was better.
Country dressed meats were steady.
Bank Clearings.
Banlt clearings of the northwestern cities
yesterday were as follows:
., . ' Clearings. Balances.
Portland $3,878,440 555,74e
Seattle 7.740,918 710,535
Tacoma, transac 3. .1414 066
Spokane, tl-aasa-o 5688940
Bankers' Acceptances.
Quotations on bankers' acceptances fol
low: Diya
, 30 60 90
Prime eligible members, pet... 4 4 4
Prime non-members, pot 4 4 4
Butter Holdings Decrease.
Storage holdings of butter in the United
Stairs are 6.357.000 pounds less than a
2.75 dozen; "rhubarb, 1814c per pound;
spinach, $2 per crate.
Staple Groceries.
Local jobbing quotations:
SUGAR (sack basis) Cane, granuUited,
6c pooisd; beet. 0.70O per pound.
NUTS Walnuts, new crop, 23 36c per
pound; Brazil nuts, 23c; almonds, 27c;
peanuts, ll(B;14c per pound.
RICE Blue Rose, 6c per pound; Japan
style, 64 c per pound.
COFFEE Roasted, bulk, in drums, 18
35-"!4c per pound.
SALT Granulated, bales, $3.254.05;
half ground, ton, 50s, $17; 100s. $16.
HONK Y Comb, new crop, $5.505.79
per case.
DRIED FRUITS Dates, 1825c per
pound; figs, $1.403.5O per box; apples,
15c' pound; peaches, 16c; apricots, 23c;
prunes, lOVil-lc.
BBANS Small white. 6.c; large white,
4ic; pink, 6c; bayo, 614c; red, 6c; lima,
8o pound.
Hides, Hops, Etc
HIDES Salt hides, 6c; salt bulls, 5c;
green bulls 1c lees; salt calf. 12c; salt kip,
8c; salt horse hides, $12 each; dry horse
hides. 50c($$t each,: dry hides, 10c; dy
cull hides, half price.
PELTS Dry pelts, 13c (long wool); dry
short wool pelts, half price; salt pelts, 50o
$l each; dry goat skins. 10c (long hair);
shearings and short wool skins at value.
TALLOW No. 1, 414c; No. 2, 3Hc per
pound.
CASCARA BARK 8c pound delivered,
Portland. x
OREGON GRAPE Grape root, 6c per
pound.
HOPS 1021 crop, 1620c pound.
WOOL Eastern Oregon. 1580e per
pound; valley wool, medium, 1820e;
quarter blood, lriffrl7c; low quarter blood,
14i16c: braid, 3214c: matted, 914c.
MOHAIR Long staple, 20c; short staple,
13o pound. - -
GRAIN BAGS Carlots, 74c coast.
Provisions.
Local jobbing quotations:
' HAMS All Biscs, 3134c; skinned, 30
37c; picnics, 1818Hc; cottage roll, 24c
BACON Fancy, 32 42c; choice, 26
32c; standard. 22 24c.
LARD Pure, tierces, 34c pound; com
pressed, tierces. 33c.
DRY SALT Backs, 2023c; plates, 15c.
f Oils.
LINSEED OIL Raw. in barrels, 95c;
5-gallon cans, $1.10; boiled, in barrels, 07c;
5-g-allon cans. $1.12.
TURPENTINE In drums,. $1.15; 5-gallon
'cans, $1.30.
WHITE LEAD 100-pound kegs, 12'Ac
per pound.
GASOLINE Tank wagons and iron bar
rels, 26c; coses.- 38 ic.
Foreign Bonds.
Foreign bond quotations furnUthed by
Overbeck & Cooke company of Portland:
Bid. Ask,
Belgian rest ns
Belgian prem 5b
Belgian 7s. 1045
Belgian 8s. 1A41. .
Belgian 6s, 1025
Brazil Ss, 1041
British 5s, 1022
British 5s, 1927
British 5s, 1929.........
British vky 4s
British ref 4s
Bordeaux 6s, 1034......
Canadian 5s, 1937
Canadian 5s. 1926
Canadian S's. 1929
Canadian 5s. 1031
Canadian 53,4s. 1927....
Chinese lis, 1951..,
Chilean 8s. 1941
Rubs currency 7
Denmark 8s, 1945
Dan Muni 8s. 1945
French 4s. 1917
Frencir 6s, 1920...
French 0. 1931
French 7 its. 1941
French 8s.. 1045s
German W L 5s
Berlin 4s 4H
Hamburg 43 o
Leipslg 4s ; 4
Lelpsig 5s 514
Munich 4s .5,
Munich 3s 614
Frankfort 4s ... 4
Italian 5s. 1918 7. . 3614
Jap 4s, 1931 7.1
Jap 1st 4&s, 1925 ' 88
Jap- 2d 414s, 1925 8714
Norway 8s, 1040 110
Russian 6a, 1921 17
Russian 514s, 1028 41i
Russian 6143. 1919.... 1TH
Swiss 514s, 1929 97
Swiss 8s. 1040 .114
San Paulo 8s 101
U K B14S, 1922. , 102T4
U K 5149, 1929 103H
U K S3, 1937 98
69
. . . (5
. . .107
...10614
... 9tK
..J03 '
... 8!)
...87
. .. 87
... 7214.
. .. 6SV4
. .. 83
. .. 951A
... 974
. .. OS 14
. .. 90
... 90
. . . 48
..10114
1
78
10714
10614
99 V.
10314
91
89
8914
74
70
8314
96
S
98
9874
97
4814
102
8
..10S14 10834
.IB7 10714
7814
Light Hens 22c per lb.
I)irect from producers only. Don't
Inquire. Ship. Check in full same
day shipment arrives.
THE 5 A VINA R CO, INC.,
100 Front Portland. Or.
.... S.1
7414
. . o4 r,5
96'4 9614
101 101T4
514
r4
6
614
6
7
6
3714
74
8814
87.14
11014
19
5
1914
074
114fi
102
103
103
99
Stock. Sales. Hieh.
4dnms Exp... 1,500 6
Ad Rum
do pfd ..... .......
Agr Chem . . .
do pfd
Ajax Rub . . .
Alaska Oold .
Alaska Jun
Allied Chem' .
Aliis-Chal ...
do pfd ....
Am1 Beet Sug.
A m Bosch . . .
Am an Co...
do pfd
Am C & Fdy.
do pfd
Am Cot Oil. . .
do pfd ....
Am Drug Syn
Am H fe L...
do pfd ....
Am Ice
Am Int Corp.
Am Linseed .
do pfd ....
Am Loco ....
do pfd
Am Saf Raz. .
Am S & Com.
Am Smelt . . .
do nfd
Am Snuff . . .
Am Steel Fdy
Am Sugar ...
oo via
An Sumatra..
Am T & T
Am Tob
do "B"
Am Wool ....
do pfd
Am W P pfd.
Am Zinc
Anaconda' ....
Assd Oil
Atchison 2,300
do pfd -4jtm
Atl G &W I. , 900
Baldwin Loco. 22,500
Baldwin pfd.. 2im
Balt.& Ohio.. 2.800
do pfd 500
Beth St "B". . 0,100
Booth Fish .-i
B R T 500
Butte C A: Z.. 100
Butte & Sup.. 1.9U0
Burns Bros . 200
Cud Jo Oil ... 1,000
Cal Pack 3.700
Cal Pet 1300
do pfd
Can Pac 8,800
tint Leather. 6,600
C'er do Pasco. 1.000
Chand Motor.. 3.100
Chi & N W.. 4,090
Chgo Gt W... ' 200
do pfd 900
Chili Cop 6.4O0
Chino 5(M
C M St P . 2,400
do pfd 2,500
Coco Cola 900
C & O 1.800
Colo F & 1 300
Colo South. ... 1,100
Col Gas & El. . l.louf
Colum Graph.. 900
Con Oas 3.4U0
Cons !gars. . . 1,000
do pfd
Contl Gas. 900
Clt SVC Bkrs
Corn Prod 2,300
do pfd 100
Oosden Oil 2,100-
C R I & P 1,000
do A pfd 200
do B pfd... 600
2,200
200
1,500
200
' 3i9)0
2,800
300
aoo
i!ioo
1.200
1,500
"fllioo
100
100
1.4011
200
6.200
4,70
6,200
700
1,600
'306
1,600
600
' 3o6
1,300
2,100.
20
J, 10(1
aoo
1 00
600
2,500
200
5,400
Low.
64
36 3414
58 57 14
IGH 16
14 14
58 14 - 5714
45 44 54
93 92
36 36
311 39"
9814 64
149 14714
"is" '2114
45 'i 45 14
5:i 5H
J4 14
67 66
1(1014 UH
48'4 4214
33 81
59 574
10814 107
"i" "i"
'4 H
4614 45
133" 13614
3214 82
.07 0614
95 85
2514 2314
118i 118
13454 1S414
130 '4 130 14
83 83
'l3 'l3
49 4714
2,300
100
1,000
2,000
100
2,200
700
V.700
1.80O .
2,200
do "B" ...V S. 400
Penna . .. . 1,500
peo oaB 1,500
Pere Marq ...... - 8,400
Pure Oil ..... 1,400
Phillips Pate. 1,200
Pierce Arrow. 13.100
Pierce Oil.... 4,500
Pitts Coal 300
Pitts & W V 600
Pr Steel Car.. BOO
Pullman ...... 5,900
Ray Cons.... 500
Reading 8,100
Remington . . 1.600
Replogle Steel 2,000
Rep I & S....
do pfd
Rep Motors...
Roy. Dutch Oil
Ry Steel Spg,
Saxon Motors.
Sears Roe....
Shattuck, Aria
Shell TAT..
Sinclair
Std Oil Ind..
Std Oil N J. .
Sloss Shef ...
Sou" Pacific .. 10,900
Sou Ry 1,400
Std Oil Cal... 700
St L & S F. . S.800
Strombf Carb 200
Studebaker
Swift A Co.
Tenn Cp Ch
Tesas Oil
Texas Pacific.
Tex Pc C A O
Tob Products.
Tran Con Oil.
Union Oil Del.
Union Pac...
United Alloy..
United Drug..'
United Fd Bd
United Fruit..
Union B & P.
U S Cst 1 Pipe
td Ret Stores
U S Ind Alch
U S Rub
do 1st pfd. .
U S Steel
do pfd
Utah Copper..
V Chem ....
do pfd
Vanadium Stl.
Vivandou ....
Wabash
do A Jfd..
do B pfd..
Wells-Fargo .
Western Pie..
do pfd
Western Union
Wsthse E & M
West Md
White Motors.
Willys-Overlnd
- do pfd. .....
Wilson Packg
Wis Central..
Woolworth
Worth Pump..
WALE
White Oil
4914'
35
764
2314
34
8H4
1614
814
61
25
651
118
14
74
32
31
63
84
5
50
48
34
7014
23
33
81
14
8
61
24
65
117
13
74
sm
81
62
84
5
60
98
64
8
'is
88
180
63
7
'19
85
179
84
19
95
24
39
95 .
"io
45
81
24
63
9
19
13114
26
68
1.200 ,1.18
81.800
700
1.500
2.400
1.000
500
2.4n
800
5,100
800
200
800
1.800
1,500
3.500
3,500
39,300
100
2,100
900
200
2,100
-400
2.700
""700
200
"'266
1.100
1.100
700
8.200
000
500
200
2,500
40O
2.300
BONDS.
301-4
26
65
45
55
"oii
116
63
31
67
33
"7
22
-85"
15
'96
53 '4
39
5
26
38
150
48
I
9
83
18
24
39
934
'io'
45
80
24
62
9
19
131
26
68
3
137
67
25
54
44
64
'89
116
61
Si
34
"7
21
'fl '
15
90
53
1 9
38
4
25
37
28
140
46
7
9
49
34
78
22
33
31
15
s
60
24
69
117
14
74
82
30
52
83
5
50
97
" 2
63
7
88
1
85
177
39
83
18
95
24
39
. 94
102
, 10
- 45
31
. 24
62
9
19
131
26
67
3
136
6814
25
54,
44
54 V,
99
90
116
62
-31
67
35
7
7
21
14
84
15 14
51
90
5314
9
3S
4
26
37
27
1.10
47
7
9
Humble Oil Ts i .......1923
Int Rap Tr ref 5s.... 19
Int Mar CT 6s .....1941
Kelly Springfield 8s.. ...,1931
Kennecott 7s 1930
Libby, McNeil t Llbby 7s 1931
Morris & Co. 7s ..1930
Mexican Pete 8s 1S36
NYC call 7s....... 1930
Norway 8s : 1940
N P & G N (Jnt) 6s. ........ 1936
N P 6s 2047
Northwest Te-1 7s.... 1941
Ohio C G 7s 1925
Ohio Power 7s 1951
Pan Amer 7s 1930
Rus Rubles 5s 1.926
San Paulo 8s...,.;.... 1986
Southwt Tel 7s 1925
Swedish Govt 6s. ...1939
Standard Oil N Y 7s. . . . . r. . . .1931
Stand Oil of Cal 7s ......1931
6teel & Tube 7s 1951
Swiss 8s 1940
Sears Roe 7s 1922
do 7s 1923
Sinclair 7s 1925
Swift & Co. 7s 1925
Un Tank 7s 1930
Uruguay Ext 6s
U S Rubber 7s 1930
Wilson first 6s 1928
West Elec. 7s..' .1925
Westinghouse 7s. 193t
Zurich 8s 1945
100
64
92
103
102
99
103
101
106
110
106
106
107
100
101
, 96
4
101
101
97
108
105
98
114
100
9
100
101
102
. 66
104
85
104
106
109
98
88' -27
105
106
36
64
65
'ii
5
27
116
11
73
49
131
33
34
84
68
7
17
26
20
34
45
58
26
45
70
1
94
97
- 86
26
104
106 .
35
54
' 63
'iP '
B
261S1
11614
10
72
49
i294
82
38
64
8
7
17
16
26
20
33
45
58
26
44
60
1
91
20
800
300
5,800
1,500
8(H)
1.600
l.aou
9.400
300
300
206
1.600
4.900
500
Standard Oil Stocks.
Standard Oil quotations furnished by
Overbeck & Cooke company of Portland:
Closing.
Bid. Asked.
Anglo 17 17
Borne Scrysmer 325 350
Buckeye . . .- 91 - 93
Chheesebrough 185 195
do pfd 109 112
Continental 128 132
Crescent 32 34
Cumberland 135 145
Eureka . . 88 90
Galena com 43
Galena Old pfd ......107
Galena New pfd 100
Illinois Pipe 187
Indiana Pipe 89 ,
National Transit 29
N Y Transit ,....154
Nsshern Pipe . .1 .....102
Ohio Oil V. ...209
Inter'l Pete1 14
Penn Mex 18
Prairie Oil ....,635
Prairie Pipe 245
Southern Pipe 94
South Penn Oil 183
S W Penn OU 59
S O Ind ex.- - 85
S O Kansas , 545
S O Kentucky 430
SONY , 361
S O Ohio 880
do pfd .,,..,115
Swan & Finch 30
Vacuum t . ...... 334
Washington ................. 2S -
S O Nebraska 165
Imperial Oil 101
44
110
102
171
91
20
157
105
272
15
19
645
246
96
190
68
85
563
60
365
890
116
35
337
32
ITS
103
Crucible 4 8,800
do pfd ..... I0U
Cuba Cane 800
do pfd 60O
Cuban Am Sug 500
Del & Hudson '.
Dome Mines. ..
Del & Lack. . .
Davison Ohem..
End! Johnson.
Erie
do 1st pfd. .
Elec Str Bty..
Fain Players..
Fed Mk & Sm.
do pfd
Fisk Tire
Gaston Wms. .
Gen Cigars . .
Cn Eiec
Gen. Motor. . . .
Glen Alden...
Gen Asphalt.. 11,900
Goodrich 200
Goodyear
Granby
Great 'Nor Ore.
do pfd
Greene Canan.
Gulf S Steel. ..
Houston Oil. . .
Hupp Motor...
Ills Cent. . . . . .
Inspiration . ..
Int Ag Cor cm.
do pfd 3U
Interboro 100
do pfd 400
Int Callahan.. 100
Int Harv 300
tifrt .
Int Merc Mar.
do pfd
Int Nickel
Int Paper ....
- do pfd
Invincible Oil.
Island Oil....
Jewel Tea . ...
K C Southern.
do pfd
Kelly-Spgfd..-Kennecott
Keystone Tire
Lack steel...
Lee Tire
Lehigh Valley
Lorillard ....
Lowe Thea...
L & N
Marland OH. .
Martin & Parry
stores. . .
900
1.900
Jl,200
. 600 '
1.000
100
1,500
56
18
103
114
35
36
80
77
62
81
9
24
1
'23
111
60
80
11
17
141
82
A...
38
12 .
"(18"
148
8 .
45
62
37
35
76
'76
76
14
102
39
8
37
3
8'i
5
84
56
18
1S3
114
34
35
88
76
60
8t
9
24
18
'23"
110
68
80
10
16
140
81
'is 1"
12
'eiii
147
. . 8
45
61
37
75
"73"
75
14
102
38
8
36
3
8
5
84
200
8, 6UO
2,000
900
V.iii
5,900
8,200
600
15
71
12
48
"ii
2
16
24
15
09
12
48
"i4
2
15
24
Mex Pet
Miami
Mid States Oil
Midvale Steel.
M K & T WI.
do WI pfd..
Mont Power..
Mont Ward...
Mo Pac .....
do pfd
M St P & S S M
Nor . Am
Nat Enamel..
Nat Lead
Nevada Con..
New Haven..
Norfolk & W.
Nor Pac
Nov Sco Steel
N Y Air Brake
N. Y. Cen
Okla Prod ref
Ont Sliver....
Ont & W
Otis Steel....
Pacific Dev..
Pac Gas & El.
Punta Allegro
Pao Oil
Pan Am Pet.
2,300
4,200
200
900
200
2,200
200
1,800
100
30O
2,000
100
46.200
1,400
14,700
3,500
200
2,400
1,000
1,000
2O0
600
3,500
100
1.200
-4,100
400
6,300
5.300
300
1,100
. 600
300
100
100
300
8,000
18,800
. 37
27
16
48
27
69
151
12
113
27
30
109
123
26
13
30
10
30
68
13
. 18
49
66
57
43 ,
89
13
18
100
80
76
2
21
10
-7vi
83
37
46
65
36
27
13
48
27
58
161
12
113
H
im
120
25
12
- 30
10
27
66
12
18
48
66
57
42
89
13
17
100
79
76
2
5
21
-10
7
65
87
Bid.
64
13
85
35
58
15
57.
45
92
35
35
39
98
147
116
21
45
5
14 V,
66
98
43
32
57
107
13
3 (,
8
45
90
130
32
67
94
24
118
134
130
83
103
25
13
48
99
9714
85
27
104
100
36
54
64
6
11
5
. 28
11614
11
72
48
86
130
33
88
04
68
8
17
16
26
2014
34
45
58
26
44
69
.1
93
21
50
54
18
103
114
34
35
88
76
1
81
9
'23
18
111
23
110
58
80
30
16
130
82
8
38
"&
' 87
147
8
. 45
61
37
, 10
27
35
75
26
75
78
14
101
38
8
87
3
8
5
84
105
15
71
12
48
80
14
2
15
24
53
37
27
16
' 48
27
58
131
12
113
.26
29
107
122
28
13
30
10
30
66
21
18
48U
66
08
42
89
, 1
17
100
80
23
69
76
2
5
21
10
7
84
U S 2s ree
do 2 coupon. .101
do 4s. reg. . .104
do cv 4s, cp. .104
Panama. 3s. reg 79
do coupon ... 79
A T A T OV 6sl10
Atchen gen. 4s. 81
R & R con 4s..74
NYC deb 6s... 0914
N P 4s......... 84
do Ss . . . . 60
Pac TAT 5s..94
Pa con 4s 94
8 Pacific cv 5s'9fi
Sou Ry 5s 90
union Pac 4S. . i
U S Steel 5s...l00
Bid.
Liberty Bond Quotations.
Liberty bond and victory bond quota
tions at New York as furnished by Over
beck A Cooke company of Portland:
upen. iiagn. i.ow., i-iose.
. 97.10 97.10 96.94
Liberty 3s
do 1st 4s
do 2d 4s. .. . .
do 1st 4Hs..
do 2d 4 lis.,
do 3d 4s ...
do 4th 4s. .
Victory 4s...
do 3s
98.40
98.40
97.40
96.56
97.00
96.76
97.64
97.30
96.4(1
96.22
98.90
96.70 96.50
96.82
96,74
97.50
97.14
.100.12 100.16 10l.12 100.14
99.98 100.00 99.98 99.98
Mining
BOSTON, Feb,
Allouez ,
Ariz Com'
Cal & Ariz '
Cal & Hecla. . .:
Centennial ....
Cop Rg Con Co
E Butte Cp Mn
Franklin
I Royalle (cop)
Lake Copper . .
Stocks at Boston.
15. Closing quotations:
28 IMohawk 56
8iNorth Butte ... 11
8l4:oid Dominion.. '-'4
33
43
SO
11
4214
10
1
23
"2
Osceola
Qulncy
Ruperior J
Shannon ....... 1
Utah Con 2
Winona 45
Wolverine 10
Swift Co. Stocks.
Closing prices of swift & Co. stocks at
Chicago were reported by the Overbeck &
coqae company 01 -omana as toiiows:
Swift & Co 102
l.lhbv. McNeil A Llbby. 5
National Leather 2
do new JO
Swift International 22
Money, Silver. Etc. .
NEW YORK, Feb. 15. Call money
easier; high, 4 per cent; low, 4 per cent;
ruling rate. 414 oer cent: closlne bid. 3
per cent; offered at per cent; last loan,
4 per cent; call loans against acceptances,
4 per cent.
Time loans firm! 60 days, 4o per
cent; 90 days, 45 per cent; 0lx months,
4i (fi5 Der cent.
Prime mercantile paper, 4tf5 per cent
Foreign bar silver 66c.
Mexican dollars, 50 c.
LONDON, Feb. IB. Bar silver. 84 d per
ounce. Money 2 per oent. Discount, rates,
short bills, 3 8-10 per cent; three monsks
mine, sawa Hem..
New Yrk Bonds.
New York Bond quotations furnished by
Herric A Rhodes, inc.. 01 fortiana.
Maturity.
Am Tob 7s 1922
do 7s 1923
Anaconda 7s B ....1929
do 6s A ' 1929
Armour cv Ts .....1930
do 4s .1939
Argentine GI 5s 1848
Am Ag Chm 7Ht 1941
Beth Steel 7s... 1922
do 7s . .1923
do eq 7s .-.1933
Belgium Ext 7s 1945
.do 6s 1923
do 8s 1940
Bergen 8s. city of...... ,..1945
Berne 8s, city of .......1945
Brazil 8s ..1941
Canadian 5s 1926
. do 5s .' , 1931
do 58 -....1937
Can Nat Eq 7s ....1935
Ohl N W 6s 1936
do 7s 1930
C M A St P gn A rt 4sA 2014
Can1 Nor 7s 1040
Chile Bs 1941
Christiana 8s. city of 1945
Copper Exp 8s
do 8s . ,
do 8s '.
do 8s
Cuban Am Sugar 8s....
Con Gas cv
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 Unit. - Rate:
Austria, kronen , $ .0006
Belgium, francs 0830
Bulgaria.- leva .0080
Czecho-Slovakia, kronen .0200
Denmark, lxoner 2075
England, pound sterling 4.8750
Finland, finmark .0210
France, francs .0875
Germany, marks .0054
Greece, drachmas .0460
Holland, guilders 3750
Hungary, kronen : 0020
Italy, lire 0493
Jugo-Slavia, kronen .0037
Norway, kroner 1685
Portugal, escudos ...i ...0840
Roumania. lei ...' .0090
Serbia, dinara .0140
Spain, pesetas 1585
hweden. kroner ?83ft
Switzerland, francs .1960
China Hongkong, local currency... .5425
Shanghai, taels ...1 '.7650
Japan, yen ; .4825
NEW YORK. Feb. 15. Foreitrn exrhanire
easier. Great Britain, demand $4.35,
cables $4.35, 60-day bills on banks
$4.32; France. demand 8.63, cables
8.63; Italy, demand 4.86. cables 4.87;
Belgium, demand 8.26. cables 8.27; Ger
many, demand 50, cables 5014 ; Holland,
demand 37.2A. cables 37.32; Norway, de
mand 16.65; Sweden, demand 26.15; Den
mark, demand 20.70;" Switzerland, demand
19.51; Spain, demand 15.72; Greece, de
mand 4.57: Poland, demand .08; Czecho
slovakia, demand 1.89: Argentina., riemnnri
36.75; Brazil, demand 13.50; Montreal, 96.
Winnipeg Whesvt Market.
WINNIPEG, Feb. IS. Wheat. May
$1.35. July $1.30.
0 Rated "AAA ' H
1 Southern Pacific I
San Francisco
Terminal
First Mtg. i Gold
Bonds
Due 1950.
Security, Rated "AAA"
Income, 5.35
Marketability, Instant
Listed on N. Y.
Stook Exchange
Railroad Terminal TrtD-
erty, In larg-e cities, has
always been regi
ideal security.
?garded as
Dia Match 7s :
Denmark 8s....
Danish Mun 8s..
Dupont 7s ...
Grand Trunk. 7s.
Goodrich 7s.1....
Goodyear 8s ...
Gulf Oil 7s
Great Northern
Hprshev 7's . .
1923
1923
. 1924
.1925
.1931
.1925
.1935
.1945
.1945
.1931
.1940
.1925
.1941
.1933
.1936
.1930
Price.
101
102
102
98
102
88
78
100
101
101
102
107
99
106
108
100
103
97
96
98
105
108
108 v
56
109
101
109
100
102
102
103
104
103
107
108
107
104
107
. 97
112
103
107 1
90 "4
These bonds sold at 92
in 1910 and should sell
there aain. A rare in
vestment affording- -prospect
of large increase in
value.
We offer these bonds at
mairket
804 to Yield 5.35
G. E. MILLER
& COMPANY
Portland Seattle.
2d Floor Main 4105
Northwestern Bank Bldg.
Investment Opportunities
i- and
Oar Twenty Payment Plan
These nubliottionl tell ef good iavest
meiit stocks, whioh can be purchased en
mall payments extending over a period of
twenty moatha. This plan wu origtiiatad
by ns ia isus. Ten eaa seoare both frae.
Writ for 17-S. ,
nefefmnf Securities
40 Exchange Place, New York '
r?
raise jd
MlSi
Income Tax Exempt
Yield about
4.90 Yakima Co., Wn., Road 5 Vs s, 1937
Due Jan. 1, 1937. Opt. '26. J&J. D. lO00102.16
5.00 Portland, Or., Imp. 6s, 1931
Due Oct. 1, 1931. Est. '27. A&O. D. ?1000104.7o
5.00 Union Co., Or., Road5V4, 1928-35
Due Jan. 15, 1928-35. J&J. D. ?1000101.28-102.37
5.125 Gilliam Co., Or., Road 58, 1942
Due Jan. 1, 1942. J&J. D. $10000101.55.
5.125 Morrow Co., Or., Road 5V88, 1929
Due Nov. 1, 1929. M&N. D. 1000(g)102.40.
6.00 Port of Astoria; Or.,.6s, 1930
Due July 1. 1930. J&J. D. $1000100
6.50 Cowlitz Co., Wn., D. D. No. 4 7; 1938
Due Jan. 1, 1938. Opt. '29-'S3. D. $100102.78-103.89.
Full details gladly furnished.
Wire or telephone orders "collect."
Use our
- Partial
Payment
Plan
FREEMAN. SMITH &
CAMP CO.
Lumbermen Bldo.. Portland
sssssssssssssB FIFTH yJfil Ktsg; FHONI
I TK sjAJgp 6740
We own and offer the following
Oregon County Bonds
' ; Maturity Yield
Benton County, Oregon, 5s... 1926 5.00
Lane County, Oregon, 5s. . . . .1934-43 4 -495
Lincoln County, Oregon, 5123.1929-30 5.10
Malheur County, Oregon, 5i2s-1927-39 5.10
Marion County, Oregon, 5V2s . . 1930 4.90
Sherman County, Oregon, 5s. .1939 ' 5.09
Tillamook Co., Oregon, 5y2s . . . 1929 5.00
Union County, Oregon, 5s: .1927-32 5.00
Yamhill County, Oregon, 5V2S. 1931 4.90
The period of low priced bonds is rapidly passing. We
. recommend the purchase of the above high-grade county
bonds before the permanent higher levels are reached.
Exempt from Federal Income Tax
' Complete details on request
Telephone or telegraph orders collect
BOND DEPARTMENT
Open 8:30 to 5 Saturdays 8:30 to 2
JLABB & TILTON
BANK '
Oldest in the Northwest
WASHINGTON
at THIRD
Mi 5
MUNICIPALITY
OF ST. JAMES
6 General Obligation Gold
Bonds
6Y2 for 20 years
Payable U. S. Gold Coin
NOTICK OP REDEMPTION TO
HOLDERS OK VICTOR
NOTES AND OTHERS
CONCERNED.
Notice 1 Hereby Given as
FollowBl .
1. Call for redemption of 3
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 ;edemption on June lath,
1922, pursuant to the provision
for redemption contained In the
notes and the treasury depart
ment circular. No. 138. dated
April- 21st, 1919, under whicli
the notes were originally Issued.
Interest on all Victory Notes of
the Z per cent series will
cease on said redemption date.
June 15th, 1922.
2. Suspension and termina
tion of Victory Nate conversion
privilege, in view of the call for
the redemption of all 3 per
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 fa
hereby 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. Detailed information as to
the presentation and surrender
of 3 per cent Victory Notes
for redemption is given in
treasury department circular.
No 277, 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.
"Winnipeg, Manitoba
Dated January 1, 1922
Due January 1, 1942
Denominations
$1000, $500, $100 '
Legal opinion, K. G. Long-, Esq., Toronto
FINANCIAL STATEMENT
' Assessed valuation "for taxation, $8,537,174 ; general
debt (this is the only issue), $400,000.
Population, estimated, 15,000
Tlie municipality of St. James is an important part of
Ureater Winnipeg, though a thriving municipality in itself.
This is its first and only bond issue and a study of the
financial statement will show of what unusual character is :
the security behind- these bonds. Nothing -being offered
on the market today is comparable in desirability to this
Issue.
Price 94.45 to Yield 6M
Principal and semi-annual Interest payable in TJ. S. Gold
Coin in N. Y. City or at the office of Morris Brothers Cor
poration, Portland, Oregon. .
I'hone or Telegraph Orders at Our Expense.
U3J
1 1 Il '
MORRIS BROTHERS CORPORATION
Morris Building
Broadway 2131.
Portland, Oregon, 30f-3 1 i Stark Street.
-sate Deposit Hoe.
a. or a n
Republic of
Bolivia
6 Serial Gold
Bonds $1000 Den.
Price to Yield 8.25
Thse bonds are payable in
U. S. Gold. They are the
direct general obligation of
Bolivia, third largest country
in South America. Bolivia
is wealthyy her per capita
debt is very low, and her
credit extremely solid. Bonds1
are due 1926-28.
m0
Province of
Buenos Aires
3 j " Sterling Sinking
Fund Bonds
200 for $475
This province is the wealth
iest in the Argentine re
public. At present exchange
rate bond! will give a straight
6.34 yield. With sterling
at par, these bonds would
have a maturity value of
$973.30. This bond offers
opportunity to profit heavily
on principal invested.
LUMBERMENS
Broadway and Oak.
m
r.
FRENCH RECONSTRUCTION
Paris Coal production of 28,240,000 tons in France during
1921 compares with 25,274,000 in 190 and involved employment -of.
240,000 men compared with 224,000.
Of 702,000 houses destroyed in the devastated regions it is .
officially announced that 835,000 have been repaired while 3986
out of the 4084 industrial establishments destroyed have resumed
work. Of the 8,342,000 acres laid bare 5,000,000 are now under
cultivation. - Nearly two-thirds of the roads and all the water
ways have been restored. (Wall Street Journal, Feb. 9, 1922.)
We offer:
Department of the Seine, France,
(Including the City of Paris)
1 Gold Bonds to Net 7.95 to 8.75.
French Refinhllc
"!' Goldi Bonds to Net About 8.
Principal and Semi-Annual Interest In the. Above Issues Are Payable
in TJ. S. Funds.
I pevereauxSy(5mpany
INVESTMENT BONOS
3T SIXTH STREET PORTLAND, OREGON . BROADWAY 1042
1 feONDS
U. S. D. & Trust Co.
. 284 Oak St.
, INQUIRIES INVITED
We Will Sell
6.0 shares of stock In one ot Port
land's well-known banks. Price and
details on application. 21 Pacific
States Fire Ins at $15.60,
enlisted Stocks nnd Bonds a Specialty
G, B. HARRINGTON CO
Title Trust Bld. Bdwy. BIS 87,
YAKIMA
COUNTY, WASH.
512 Road Bonds
Dated . Due
Jan. 1, 1922. Jan. 1, 1937
Opt. Jan. 1, 1926.
PRICE TO YIELD
4.90
To optional date.
5
Thereafter.
Wire orders colkct.
Ralph Schneeloch Co.
IftlNICIHU, AND CORPORATION ITNANCS
LUMBCRMENS BUILOING
DnRTLAND. Oliroot
s
SOUTHERN PACIFIC
TERMINAL 4s.
Due April 1, 1950
These- bonds are a direct ob
ligation of the Southern Pa
cific Company and are se
cured by a first mortgage on
the San Francisco Terminal.
These bonds, until the be
ginning of the world war,
sold' high at 934 and low at
86. Their average price
under normal bond market
conditions is about nine
points above the present offering-
price.
Listed New York Stock
Exchange. .
Price 80 to
Yield 5.35
E.H.ROLLINS &SOSS
investment liondt
BOSTON NEW YORK CHICAGO
SAN FRANCISCO LOS ANGELES
411 Lewis Building,
Marsball 205
PORTLAND
J
' SURE DEATH TO MARGIN
CALLS
PUTS AND CALLS
"The Safest War to Trade."
$40 call option for seven days
' showed over $1000. Send for
booklet, "How to Trade In PuU
and Calls."
Prompt Attention to Mall and
Telegraph Orders
WATSON & COMPANY
Investment Securities,
625 Stock Exchange lluildins;,
Los Angeles.
HERRIN & RHODES, Inc. -
Established 1896
STOCKS, BONDS,
COTTON, GRAIN
Correspondents E. T BUTTON & CO..
Members all leading exchanges
Babeon's HerTlo on File.
Bdwr. tiia. WI Kailwar Kf hangs- Bldft
.1
V