Morning Oregonian., February 18, 1922, Page 21, Image 21

21
TIIE MORXING OREGOXIAX, SATURDAY, FEBRUARY 18, 1923
LIVESTOCK 1
HEGHK
Decrease of 37 Per Cent Is
Shown in Past Two Years.
FEDERAL SURVEY IS MADE
Largest Loss Is in Sheep Industry.
Dairy Cattle and Poultry
Business Does Well.
The value of livestock on farms and
ranges in Oregon decreased from $101,
684.000 to $63,834,500 (37.1 per cent), dur
ing the two years from January 1. 1920,
to January 1, 1922, according to reports,
Just Issued Dy the United States bureau
of markets and crop estimates.
This marked decrease In total value Is
due mainly to decrease In value per head,
although there has been some decrease in
numbers in most classes.
Revised estimates (revision to 1919 cen
sus basis) of numbers and values of the
eeveral classes of livestock on January 1,
1922, 1921 and 1920, for Oregon are as
follows:
Number. Value.
Borsee . 1922 272,000 $20,072,000
1021 209,000 22,327,000
1920 272,000 23,392,000
Mules 1922 14,000 1.134.000
1931 14,000 1.330.000
3 920 14,000 1,330,000
Milch COWS .. .1922 218,000 13,392.000
1921 212,000 l",900,0tl0
1920 210,000 17,928,000
Other cattle ..1922 804,000 17,939,000
3 921 618,000 23.223.000
3 920 (135,000 29,r27100
Sheep 3922 1.823,000 8.203,500
3921 2.02.5,000 13,507,500
3 920 2,250,000 24.300.000
8wine 3 922 233,000 2,493,000
1921 240.000 3.072,000
1920 207,000 0.200.500
Red Walla 1.14
Oats
No. 2 white feed 30.50
No.- 2 gray 29.00
Bariey
Brewing 27,50
Standard feed 20.50
Corn
No. 3 E. r. shipment.. 27.23
N. 3 E. T. shipment.. 27.25,
1.14
31.00
30.00
23.00
27.00
27.25
27.25
31.00
30.00
28.00
27.00
27.25
27.25
FLOUR Family patents, $8.20 per bbl.;
whole wheat, $7; graham, $8.80; bakers'
hard wheat, $7.90; bakers' bluestem pat
ents, $7.40; valley soft' wheat. $8.45;
straights, $8.05.
MILLFEED Price f. o. b. mill: Mill
run, ton lots, $27; mixed cars, $26; straight
cars, $25 per ton; middlings, $32; rolled
barley, $33S; rolled oats, $38; scratch
feed, $47 per ton.
CORN White, $34; cracked, $38 ton.
HAY Buying price f. o. b. Portland;
Alfalfa, $1350H per ton; cheat, $10.50
fill; oat and vetch, $14.50; clover, $11;
valley timothy, $1415; eastern Oregon
timothy, $161X
Dairy and Country Produce.
BUTTER Cubes, extras, 35(g36c per lb.;
parchment wrapped, box lots, 41c; cartons,
41c. Butterfat, buying prices: No. 1 grade,
37c, delivered Portland.
EGGS Buying price, 2526o dos., case
count; jobbing prices, case count, 27c;
candled ranch, 2830c; ass'n, selects,
32c; association firsts, 30c; association
pullets, 28c
CHEESE Tillamook triplets, price to
jobbers, f. o. b. Tillamook, 26c; Young
Americas, 27c pound.
POULTRY Hens, 2025c; springs, 22c;
ducks, 22f2Sc; geese, 20c; turkeys, live
nominal, dressed, 3840c
PORK Fancy, He per pound.
VEAL Fancy, 15 He per pound.
FOREIGN BONDS STRONG
LIBERTY ISSUES ALSO GAIN IN
NEW YORK MARKET.
Fruits and Vegetables.
A special inquiry asking lor numbers of
linimals on farms on January 1, 1922,
1921 and 1920 brought replies from 724
farms and ranges in all parts of the state.
This is not a very large percentage of the
'total number of farms in the state, but the
results would seem to be fairly repre
sentative. A tabulation of these reports
Indicates practically no change in the
numbers of horses and mules, a small in
crease in dairy cows, a considerable In
crease In poultry, and a decrease in num
bers of beef cattle, sheep and hogs. The
figures are as follows:
1922. 1921.
Hordes 3.2S1 3,335
Mules 303 301
Dairy cows 4.241 4.028
Other dairy cattle... 3,303 1,350
Beef cows 3,043 3,640
Steers 3,298 1,437
Other beef cattle 2,382 2.095
Sheep (over 12 mo.). 24.084 25.4SO 29.989
(Under 32 months) 2,082 5,827 5,853
doata (over 12 mo.). 2,427
(Under 12 months) 768
Hogs (over 6 months) 3,256
( Under 6 months). 1,034
Poultry (hers, chicks) 46,859
Local jobbing quotations:
FRUITS Navel oranges, $4.756.50 box;
lemons, $6.508.0O; grapefruit, $4.257.50
box; bananas, 89c per pound; apples,
$1.353.25 per box; cranberries, eastern,
$18 per barrel.
POTATOES Oregon, $1.752.00 per 100
pounds; Yakima, $22.50 per 100 pounds;
sweet potatoes, 55o per pound;
Nancy Hall, $2.50 per crate.
ONIONS Yellow, $7.508 per cental.
VEGETABLES Cabbage, 3V44c per
pound: lettuce, $4.755 crate: carrots, $1
2 sack: garlic, 15c per pound: green
nePDers. 45c per pound; beets, $22.50 per
OOOisack; celery, $8.5010 crate; cauliflower.
103.-0 per crate ; bhubhii, w , alliums,
2021c; parsnips, ll.auwz.au per sac;
tomatoes, $5(8)5.50 per lug; artichokes,
$1.832 per dozen; cucumbers, $2.50
2.75 dozen; rhubarb, 18c per pound;
spinach, $2 per crate.
Staple Groceries.
Local jobbing Quotations:
SUGAR (sack basis) Cane, granulated,
6c pound; beet. 5.70c per pound.
NUTS Walnuts, new crop, 23 36c per
pound; Brazil nuts, 23c; almonds, 27c;
peanuts, 31cfl4c Per pound.
RICE Blue Rose, 6o per pound; Japan
style. 614 c per pound.
COFFEE Roasted, bulk, in drums, 1S
35 c per pound.
SALT Granulated, bales, 3.a..(g)4.0o;
half ground, ton, 50s, $17; 100s. $16.
HONEY Comb, new crop, $5.30(95.75
per ease.
DRIED FRUITS Dates, 1825o per
poand; figs, $1.403.5O per box; apples,
15c pound; peaches, 16c; apricots, 23c;
prunes, 304113c
BEANS Small white, 614c; large white,
4V4c; pink, 6c; bayo, 6c; red, 6c; lima,
8 lie pound.
2.338
688
3,400
1,640
41,388
1920.
3,302
317
3,801
1.113
1,727
3,337
2.742
2,329
594
S.S59
3.690
3S.502
DEMAND FOB WOOL FALLS OFF
Primary Markets Firm for Best Grades.
I Easier For Others'. ",
BOSTON, Feb. 17. The Commercial
Bulletin tomorrow, will say:
"The demand for wool in the eastern
markets has fallen off very considerably
and some of the low grade scoured wools
are held less strongly than they were, al
though the market generally speaking is
steady. The goods market is reported as
somewhat erratic, overcoatings having
sold fairly well, but staple suitings having
dragged early. Every one seems to be
pausing at the moment to determine as
far as possible what the future has in store.
The primary markets are firm for the
best wools, while average and inferior de
scriptions are slightly easier."
1 The Commercial Bulletin tomorrow will
publish wool quotations as follows:
"Scoured basis: Oregon Eastern No. 1
staple, $1.101.12; fine and fine medium
combings, $11.05; eastern clothing, 85
90c; valley No. 1, 90 95c.
"Territory, fine staple, choice, $1.10
l.lo : half-blood combing, $1; three-eighths-
diooo. combine, 7580c; quarter-blood
iuonair, Dest combing, 2932c; best
Wheat Shipments Increased.
World's wheat shipments last week and
the same week last year were:
Wk. end's Wk. ende"
Feb. 11, '22. Feb. 12, '21
. 4,842,000 6,634,000
. O.IU-.UVU
. 8,400.000
4.000
Pressure Against Oils and Other
Speculative Stocks Cancels
Most of Recent Gains.
NEW YORK. Feb. 17. Increased firm
ness was displayed by today's bond mar
ket, although final prices in many In
stances were below highest Quotations, the
market reflecting the reactionary trend of
stocks, French issues were favorably In
fluenced by the advance of exchange of
Paris and British offerings lost none of
their recent strength.
Gains predominated in the liberty se
ries at the close and numerous low-priced
domestic rails, especially those of the
western and southwestern territories, were
firm to strong. Total sales, par value,
aggregated $16,275,000.
Transactions in the stock market were
relatively moderate and lacked much of
their recent breadth. Dullness was large
ly at the expense of values, leaders sus
taining gross losses of two to eight points.
Gossip attributed the greater part of the
setback to profit-taking. In other quarters
the reversal was credited to bearish ag
gressions. Oils, steels, motors, chemicals and re
lated specialties were most reactionary.
Liquidation of Mexican Petroleum was the
feature attended by familiar but uncon
firmed rumors of adverse conditions in the
Mexican oil fields. The stock closed at a
net loss of 6V points and Pan-American
A" and "B" shares lost ahk and BA
points, respectively.
United States Steel canceled only a frac
tional part of its steady advance, but in
dependent steels proved susceptible to re
ports in trade circles of impending cuts
in finished material.
Equipments, of which American Locomo
tive was a conspicuous feature, were not
affected by the drive against steels and
United States Rubber made a perceptible
ret gain in spite of its unfavorable show
ing for 1921.
The demand for raids was limited to
.coalers, particularly Reading and Lehigh
Valley. Illinois Central was sharply de
pressed on announcement of a new pre
ferred Issue and transcontinentals and
grangers were dull and Inclined to sag.
Sales amounted to 700,000 shares.
Brokers reported a light inquiry for call
money, which opened and renewed into
next week at 4 per cent, that rate ruling
throughout. Time money offerings were
mostly for the shorter periods, all being
made at 4 per cent.
French exchange was strongest or tne
important foreign remittances, the 10-
point advance in Paris bills being asso
ciated with the vote of confidence given
to the Poincare cabinet. British exchange
was barely steady and German marks
were heavy, as were also quotations on
several of the central Europeans, particul
arly Austria and Poland. Further gaim
of 15 and 20 points by Sweden and Norway
featured the increased strength of Scan
dinavian bills.
CLOSING STOCK QUOTATIONS.
(Furnished bv Overbeck & Cooke com
Danv of Portland.)
sales, nigh. Low.
3,200 63 59 '
Hides, Hops, Etc.
HIDES Salt hides, 6c; salt bulls, Sc;
green bulls lc less; salt calf, 12c; salt ktp,
8c; salt horse hides, $1 2 each; dry horse
hides, 50c$l each; dry hides, 10c; dry
cull .hides, half price. .
PELTS Dry pelts, 13c (long wool); dry
short wool pelts, half price; salt pelts, 50c
$1 each; dry goat skins, 10c (long hair);
shearings and short wool skins at value.
TALLOW No. 1, 4c; No. 2, 3c pel
pound.
CASCARA BARK 8c pound delivered,
Portland. ,
OREGON GRAPE Grape root, 6o per
pound.
HOPS 1921 crop, 1620c pound. .
WOOI. Eastern Oregon. 15 30c per
pound; valley wool, medium, 1820c;
quarter blood, 1517c; low quarter blood,
1416c; braid, 1214c; matted, 914c.
MOHAIR Long staple, 20c; short staple,
15c pound.
GRAIN BAGS Carlots, 7o coast.
Provisions.
Local jobbing quotations:
HAMS All sizes, 3134c; skinned, 30
S7c; picnics, IS IS "Ac; cottage roll, 24c.
BACON Fancy, 32g42c; choice, 26
32c; standard, 22 24c.
LARD Pure, tierces, 14c pound ; com
pressed, tierces, 13 c.
DRY SALT Backs, 20 25c; plates, 15c.
497.000
1.320.000
520.000
8,995,000
TJ. S. and Canada
Argentina
Australia
Others
Totals i a qua tv
mi mo seaeoa lo nate com
pare as follows:
" Total since Same period
tt o , July 1, '21. Last season,
u. s. and Canada.. 2S7,103,OOO 292,965,000
Argentina 32.501.000 41 ktawui
60.552.O0O 23.470',000
3,444.000 6,122,000
Australia
383,600,000 864,133,000
Others
Totals
More Kew Zealand Butter Coming.
The local butter market was steady and
unchanged yesterday. There was a fair
demand for cubes, with most sales at 35
cents. Extras were held at 36 cents. A
shipment of 5000 cubes of New Zealand
butter la due on the coast the last of the
month.
Eggs were steady with a good local de
mand. Buying and selling prices were
unchanged.
Poultry moved well at prevailing quota
tions. Country dressed meats were steady
to firm.
Cereal Exports Prohiblteil.
Ronmanla is eliminated as an exporting
coiuitry ior me remainder of the season,
according to a cable from Broomhall,
which says:
"A cable Just to hand says that the
Rumanian government has officially No
dded to prohibit further exportation of
cereais pending Inquiries in relation, t fh
surpluses of wheat, corn, barley and oats
still remaining in that country.
"Prospects for the 1022 wheat crop are
b pieseni. very pessimistic."
Bank Clearings.
Bank clearings of the northwestern cities
wiaiuojr were KB iviiows:
Oloarin-Fa Ttalaw..
Portland $5,548,308 $1,026 450
Seattle 6.634,678 1.720,831
Tacoma, transactions 2 493 400
Spokane 3574'308
Bankers' Acceptances.
Quotations on bankers' acceptances fol
low: Days
. 80 60 90
Prime eligible members, pet. .,.4 4 4
Prime non-members, pet i 4 4
Advance in Linseed btt.
An advsjice of 8 cents a gallon In lin
seed oil was announced yesterday. Raw oil
in barrels is quoted at $1.10 and in five
gallon cans at $1.25. Boiled oil is listed
at $1.12 in barrels and $1.27 in five-gallon
FOBTLAND ' MARKET QUOTATIONS
Grain, Flour, Feed, Etc
Noon session Merchants' Exchange.
Wheat
Wheat
Hard white ....
Soft white
White club
Hard winter ....
Northern pprlnp
-Bid-
Feb. March. April.
.$ 1.21 $ 1.21 $.1.21
. 1.20 1.20 1.20
. 1.20 1.20 1.20
. 120 1.20 1.20
1 19 1.19 1.19
LIGHT HENS
22c Per Pound
Net cash, Portland. Monday only.
Chcks by return, mail.
THE SATJJTAR CO., INC.
100 Front St. Portland, Or.
References The 17. S. National Bank,
Oils.
LINSEED OIL Raw, in barrels, $1.10;
o-gauon cans. ii.za; Douecl, in barrels,
$1.12; 5-gallon cans, $1.27.
TURPENTINE In drums. $1.15; 6-gal-
lon cans, si.rfo.
WHITE LEAD 100-pound kegs, 12?4c
per pound.
GASOLINE Tank wagons and iron bar
rels, 26c; cases, 38 c.
SPRING BUYING IS JOBBING MARKET
Trade Opens With More Optimistic Sent!
ment; Farm Prices Rising,
NEW YORK, Feb. 17. Bradstreefs to
morrow will say:
Trade Is etill curiously irregular spotted
is perhaps as good a word as any and
varying reports come from different sec
tions of the country and lines of trade.
Wholesale and jobbing trade stlil lacks
definite form, although the stirrings of
spring buying are noted by jobbers at
many northern, eastern and west central
markets with optimistic sentiment showing
more growtn tnan does actual buying.
Features of the week have been cut-rate
sales run by central western jobbers and
eastern manufacturers of percales and
some printed goods with fair results, while
the shipping departments of some larsre
eastern jobbers have run nights forward
ing spring goods.
Central and western trade sentiment has
been quite favorably affected by the
proportions of the rise shown since last
autumn and particularly since January 1
In grains and meat-producing animals.
Wheat Is up nearly 40 per cent, corn 85
per cent and hogs 20 per cent. Southern
trade, however, lags, despite an advance
of 1 cent a pound on cotton from the
siump point ot January.
Weekly bank clearings, $5,728,085,000.
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO, Feb. 16. (State di
vision oi mantels.) Broilers. 35iB40c
young roosters, 2333c; old, 1620c: hens,
2630c; ducks, 2228c; live turkeys, 36
(yjaac; aressea, )0(g4oc.
Vegetables Artichokes, large crate, $16
(BPza; carrots, sack, Jl(B)l.2o; celery, crate,
s.28; cucumoers, dozen, $1.252.75
eggplant, pound, o10c; lettuce, crate,
$3,5044.50; onions, white jrlobe. tStoO
peas, nominal; bell peppers, 1015c; po
tatoes, pumpains, sack, 75c
$1; rhubarb, box $33.50; cream squash,
sack, $2; hubbard, $1.251.50; sprouts,
pound, 1j1oc; spinach, crate, $4.7v5.2v;
hothouse tomatoes, small crate. $2.50
3.75.
Fruit Apples,' 3 and 4-tier, $1.40
3.50; navel oranges, S2.oOKpo.oo; lemons,
$4.50Gfi; grapefruit, ?3(&4.23; pears,
box, $1.7o2.7o; cranberries, nominal.
Receipts Flour, 4400 quarter sacks
wheat, 1710 centals; barley, 4797 centals
corn, 1686 centals; potatoes, 3085 sacks
onions. 61 sacks; hay, 208 tons; hides. 312
oranges and lemons, 1800 boxes; livestock.
200 head.
QUOTATIONS ON DAIRY TRODUCTS
Current Prices Ruling on Butter, Cheese
and Eggs,
SAN FRANCISCO, Feb. 17. Butter
Extra, 46c; prime firsts, 37c.
Eggs Extra, 3014 c; extra pullets, 25c;
undersized, No. 1, 22c.
Cheese California flat fancy, 26c; Cali
fornia Toung America fancy, 26c.
NEW YORK, Feb. 17. Butter, steady;
creamery higher than extras, 3839c;
creamery, firsts, 33 is 37 c
Eggs, steady.
Cheese, firm; state whole milk flats
specials, 20H(gi21c.
CHICAGO, Feb. 17. Butter, unchanged.
Eggs Lower. Receipts 8306 cases;
firsts, S434i4e; ordinary firsts, 3132c;
miscellaneous, 33 33 Vic.
SEATTLE, Feb. 17. Eggs and butter
unchanged.
Sugar Markets.
NT5W YORK, Feb. 17. Raw sugar, cen
trifugal, 3.73c; refined, fine granulated
B.OOo.
SAN FRANCISCO, Feb. 17. California
Hawaiian sugar, 3.64c
NoriPac 3.500 79 79 T0
Nov Scotia. St 106 25. 25 25
N Y A Brake 300 6U 59 69
N Y Central.. 1,900 76 7614 7614
Ukla Prod ref 700 2 2 2"
Ontario Silver 6ft
Ontario & W. 200 21 21 ; 21
Otis Steel 200 10 1014 10 V4
Pacific Dev.. 100 7W 7V 71
Pac Gas & El 200 66 It 66 65
Punta Allegre 3,200 35 ii 31 3."
Pacific Oil 2,400 47 4tf 461
Pan Amn Pet 18,900 5614 53 53Vs I
do B 6,900 511, 47 47
Penna 1,400 3414 34-ft 34
Peo Gas 3,600 75 75 75
Pere Marquette l.soo 22 22 22
Pure Oil 600 34 33 33
Phillips Pete 31
Pierce Arrow.. 2,600 15 14 15
Pierce Oil ... 2,200 b 7 7
Pltss Coal 60
Pitts & W Va 300 24 23 23
do pfd 75
PressdStl Car 400 64 6314 63
Pullman 2,700 116 115 116
Ray Cons .... 100 13 13 13
Reading 9.000 75 74 74
Replogie Steel 80
Republic I & S 400 52 51 61
do pfd 300 83 82 81
Rep Motors... 200 5 5 5
Roy Dutch Oil 5,900 51 60 50
Ry Steel Spg 96
Saxon Motors. 1,100 2 2 2
Sears Roebuck 1,000 6:i V 63 63
Shattuck. Ariz 100 8 8 8
Shell T & T.. 000 3 38 S9
Sinclair 6,200 19 19 ; 18
Stand Oil Ind. 1,400 86 86 86
Stand Oil N J 200 178 177 176
Sloes Shef. ... 200 40 40 40
Sou Pacific... 6,800 84 83 83
Sou Ry 500 19 18 ' 18
Stand Oil Cal. 1,900 97 96 96
St. L 4 S T.. 700 24 23 23
Strombr Garb 1X 38 3S 38
Studebaker .. 16,300 84 93 93
Swift & Co 104 102 104
Tenn Cp & Ch 300 10 10 10
Texas Oil 2,800 45 45 45
Texas Pac... 6,300 31 30 ' 30
Tex Pao O&O 900 25 25 25
Tob Products. 100 62 62 62 !
Tran ContI Oil 4.100 10 0 9 j
Union Oil Del. 1.900 19 19 19 j
Union Pac ... 1,100 131 130 130
United Alloy 26 ;
United Drug. . 1,400 66V4 65 66
Unit Fd Prod. 1,800 3 3 3
United Fruit . 1,000 139 137 136
Union B & P 68
U S C I Pipe. 5.000 25 24 24
Unit Ret Stres 6,100 64 63 53
U S Ind Aicohl 1,500 44 44 44
U S Rub 4,000 64 63 64
do 1st pfd.. 200 99 99 99
U S Smelting .'. . 33
U 8 Steel 3,900 91 90 90
do pfd 1,500 116 116 116
Utah Copper- 1,300 62 61 61
Va Chem.... 800 31 31 31
do pfd 66
Vanadium StL 3,600 34 34 34
Vivandou .... 300 7 7 7
Wabash 300 7 7 7
do A pfd... 1,100 - 21 21 21
do B pfd... 100 13 13 13
Welsl Fargo 81
Western Pac. 206 15 15 13
do prd. 61
Western Union 300 91 91 91
Wtghs E&M 2-00 54 53 63
West Md.... 100 9 9 9
White Motors. 200 38 38 3S
Wlllys-Overld. 7.100 5 4 4
do Pfd 1,300 28 4 23
Wilson Packg. 500 37 37 37
Wise Central 26
Woolworth ... 400 150 150 150
Worth Pump. 100 47 47 46
W & j E 200 7 7 7
White Oil 2,100 10 9 9
Currency . . .
Denmark 8s.
1945
do 5s, 1920
German W L 5s
00 22 21
Adams Exp..
Advance Rum
do pfd
Agr Chem 800 85 . 84
do ptd 200 51 7A 57 'A
Ajax Rubber. 70O 16 15
Alaska Gold.. 400
Alaska Juneau
Allied Chem.. 800 53 57
Allis-Chem .. 1,500 45 44
do nfd
Am Bt Sugar. 300 35 35
Am Bosch 300 35 35
Am Can Co.. 5,600 40 38
do Dfd 300 98 98
Am C & Fdy. 1,100 147 145
do Did
Am Cot Oil...
do Dfd
Am Dg Sy nd
Am H & Lea. 100 14 14
po ptd 600 68 86
Am Ice 3.500 99 98
Am Int Corp. 2,700 43 42
Am Linseed.. 300 33 32
do Dfd 100 57 57
Am Loco 14,800 109 107
ao pta
Am S Razor.. 700
Am S & Com.. 800
Am Smelter.. . 400
do 'Dfd
Am Snuff. . . . 200
Am Sti Fdy... 500
Am Sugar 4,300
do Dfd 100
Am Sumatra. 2,700
Am T & T.... 2,800
Am Tobacco. 2.400
do "B" .... 1,400
4
9
46
32
67
95
26 Vi
119
136
132
83
4
9
45
i3o"
32
68
95
25
118
134
130
82
Bid.
60
12
35
84
57
15
57
44
91
'35
35
38
98
145
116
23
43
5
13
to 'a
98
42
32 V4
57
109
114
8
9
45
89
130
82
66
95
25
118
135
131
82
BONDS.
U S 2s reg 101N Y Cen deb 6s. 98
U S 2s cou 101Nor Pac 4s 84
U S 4s reg...104Nor Pac 3s 60
U S cv 4s cou.104Pac T & T 5s... 95
Pan 3s reg 79 Penn con 4. . 96
Pan 3s cou..; 79 Sou Pac cv 5s.. 95
Am T & T cv 6s lllSou Ry 5s 90
Atch gen 4s.. 87IUnion Pac 4s... 91
D&RGcoh4s 74 U S Steel 6a 10O
do 4s ..
Leipslx 4s
do 5s ....
Munich 4s ..
do os
Jap 4s. 1931
do 1st 4S, 1923 .
do 2d 4s. 1925 ..
Norway 8s, 1940 ...
do 1926
do 6s, 1919 ....
Swiss' 5 s, 1929 ...
QO 8S, 1940
U K 5s, 1922
. 48 48
.101 101
. 7 8
.108 108
.107 108
.51 62
. 75 76
. 65 ' 66
. 96 96
. 3 4
. 4 8
. 4 5
. 4 6
. 4 6
. 5 6
. 5 6
. 6 7V4
. 5 6
. 37 88
. 73 74
. 88 88
. 87 87
.110 110
. 17 19
. 4 5
. 18 19
. 97 97
.114 115
.101 104
.104 104
. 98 99
Standard Oil Stocks.
Standard Oil quotations, furnished by
Overbeck & Cooke company of. Portland:
Bid. AsKea.
Anglo 17 17
Borne Scrysmer 32o
Buckeye 92
Cheesebrouga ...185
do pia ; 109
Continental ISO
Crescent 32
Cumberland . "..135
EureKa
Galena com 48
do old pfd 108
do new pfd 303
Illinois Pipe 171
Indiana Pipe 90
National Transit 28
Kew York Transit 154
Northern Pipe .....102
Ohio Oil 270
International Pete 14
Penn Mex 18
Prairie Oil 535
Prairie Pipe 242
Solar Refg 860
Southern Pipe 93
South- Penn Oil 185
Southwest Penn Oil .......... 60
Standard Oil Indiana 86
do Kansas ..545
do Kentucky 455
do New York 362
do Ohio 385
do Ohio pfd 115
Swan & Finch 30
Vacuum 338
Washington 28
Standard Oil Nebraska 170
Imperial Oil 102
S40
94
195
112
1S3
34
145
92
50
112
'105
174
92
29
157
105
273
15
19
645
245
380
95
190
63
86
585
460
865
390
116
35
362
33
175
104
Foreign Exchange.
NEW YORK, Feb. 17. Foreign exchange
irregular. Great Britain, demand $4.35.
cables $4.35, 60-day bills on banks
$4.32; France, demand 8.74. cables
8.75; Italy, demand 4.85, cables 4.85,
Belgium, demand 8.43, cables 8.44; Ger
many, demand .48, cables .48 i ; Holland,
demand 37.55. cables 37.61; Norway, de
mand 17.05; Sweden, demand 26.38; Den
mark, demand 20.69; Switzerland, demand
19.49; Spain, demand 15.72; Greece, de
mand 4.54; Poland, demand .03; Czecho
slovakia, demand 1.89; Argentine, demand
36.75; Brazil, demand 13.50; Montreal,
96.
J OFF FIVE CENTS
Bid.
Am Wool 1,600
do Dfd . ma ix
Am W P Df d . . 200 25 y 25 95 V.
25 li 25
Am Zinc
Anaconda ... 3,300 48
Assd Oil 100 99
Atchison 200 97
do Dfd 100 8li
Atl Coast Line
Atl G & W I. 600
Bald Loco.... 19,200
do Dfd
B Sc. 0 1,300
do Dfd 100
Beth Steel "B" 11,400
B R T 5,000
Butte C & Z
Butte & Sup. 500
Burns Bros... 400
Caddo OH.... 200
Cal Packing.. 2,600
Cal Pet 1,100
do pfd 100
Can Pac 1,700
Cen Leather. . 1,100
Cerro de Paso
Chand Motor.. 3.300
C & N W 7 00
ChKO Gt W.. 40O
do pfd iqil
Chill Cop 2,900 17 16 16
""'"U tVW
C M St P.... 600
do pfd 1.20O
Coca Cola .... 1,200
C & O 700
Oolo F & I . . . . 200
Colo Southern 700
Col Gas & El
Col Graph.... 12,500
Con Gas 700
Cons Cigars.. loo
do pfd 4S
iT'Ji'" 4W M' 53 53
2.S0O 102 101
105
36
10
'26
116
10
74
48
130
33
'63
67
6
26
20
34
45
68
'ib"
'.!
22
47
99
97
86
'26
103
35
64
62
8
'25
116
10
73
48
129
32
'6214
67
6
28
20 .
33
44
57
'ii'
"i
91
3
13
47
99
96
85
88
26
104
107
35
54
62
9
5
23
116
10
73
48
85
129
32
33
62
67
26
3 9
33
44
57
26
44
74
1
91
Corn Prod...
do prd
Cosden Oil. . . .
C R I & P
do A pf d . .
do JJ pfd.
1.90O
7,0W
70O
Crucible 7,109
do Dfd 100
Cuba Cane... 5,000
do pfd 4,000
Cub Amn Sug 3,500
Del & Hudson 400
Dome Mines. . 1,700
Del & Lack. . . 400
Davison Chem 9,oOO
Endi Johnson 2,000
Erie 1,300
do 1st pfd. . 400
Eiec St Bty.. 1,000
Fam Players. 3.&00
do pfd gs
34
35
'76
61
81
10
25
19
111
23
111
68
80
10
37
140
81
33
34
'76'
60
81
23
1S
111
23
111
56
79 ii
10
1T
139
80
18
102
114
33
34
88
76
60
81
9
19
111
23
111
67
79
10
16
139
81
900 12 12
Fisk Tire.
Gaston Wms.
Gen Cigars..
Gen Elec
Gen Motor
Glen Aiden..
Gen Asphalt.
Goodrich ....
Goodyear ....
Granby
Great Xor Ore
do pfd
Greene Can,.
Gulf S steel..
Houston Oil..
Hudd Motor. .
Ills Cent. ..... .1,600
Inspiration
Int Agr Corp.
do pfd
Interboro ....
do pfd
Inter Callahan
Int Harv
do pfd
Int Mer Mar. .
do pfd 8,000
Int Nickel.... 2,800
Int Paper.... 2.100
do pfd ..... ...... go
invinciDie Ull. 4.9110 14 1374 Tt7i
Jewel Tea ... 6,000 17 b
K O Southern 600 24 23
800
500
S.90O
200
14,000
600
1,200
900
200
t,10O
600
l.ooo
100
800
000
1,000
600
67
150
8
45
63
31
33
75
25
74
1 5
14
101
2
8
5
15
72
32
s
67
149
8
45
61
37
33
75
2
72
74
14
98
2
S
5
13
71
l
12
67
149
8
45
61
37 li
10
33
75
25
13
74
14
98
3S
8
B7
2
7
.5
84
106
14
71
12
47
1
17
23
97.00
96.90
97.06
96.94
97.58
Liberty Bond Quotations.
Liberty bond and victory bond quota
tions at New York as furnished by Over
beck & Cooke company of Portland:
Open. High. Low. Close,
Liberty Ss 96.88 97.06 96.80 67.00
Liberty 1st 4s
Liberty 2d 4s... 96.76 97.00 96.76
Liberty 1st 4.. 97.26 97.38 97.06
Liberty 2d 4s. 96.90 97.08 96.84
Liberty 3d 4s. 97.72 97.74 97.54
Liberty 4th 4s. 97.48 97.60 97.40 67.40
Victory 4s. .. .100.22 100.30 100.22 100.26
Victory 3s 100OO
Boston Mining Stocks.
BOSTON, Feb. 17. Closing quotations:
Allouez 25 iNorth Butte. ... .1 1
Ariz Com 8oid Dominion... 23
Cal &. Ariz 58Osceola 32
Cal & Hecla...275 IQulncy -..43
Centennial .... lSuperior 2
Copper Range. 41jSup & Boston... 1
East Butte.... 10 V. i Shannon 1
Franklin lUtah Con 2
Isle Royalle... 22IWlnona 40
Lake Copper. . . 2!Wolverine 11
Mohawk 55 1
Swift A Co. Stocks.
Closing prices of Swift & Co. stocks at
Chicago were reported by the Overbeck &
Ceoke company of Portland as follows:
Swift & Co 104
Libby. McNeil & Libby 6
National Leather 2
do new 10
Swift international 22
Money, Sliver, Etc.
NEW YORK, Feb. 17. Call money,
steady; -high, 4 per cent; low, 4 per cent;
ruling rate, 4 per cent; closing bid, 3
per cent; offered at 4 per cent; las-t loan,
4 per cent; call loans against acceptance,
3 per cent.
Time loans, firm; 60 days, 45 per
cent; 90 days, 45 per cent; eix months,
4 5 per cent.
Prime mercantile paper, 45 per cent.
Foreign bar silver, 65c; Mexican dol
lars, 49 C.
LONDON, Feb. 17.T-Bar silver, S4d
per ounce. Money, 2 per cent. Discount
rates, short and three months' bills, 3
3 per cent.
New York Bonds.
New York bond quotations furnished by
Herrln & Knooes, Inc., oi Portinnd:
Am Tob 7s 3922
Am Tob 7s 1923
Anaconda 7s B 1929
Anaconda 6s A 3929
Armour cv 7s .1930
Armour 4s 1939
Argentine GI 5s... 1945
Am Ag Chm 7s 1941
Beth Steel 7s 1922
Beth Steel 7s ...1923
BetJt. Steel Eq 7s 1935
Belgium Ext 73... 1945
Belgium 6s 1925
Belgium 8s 1940
Bergen 8s, City of 1945
Berne Ss, City ot 1945
Brazil 8s 1941
Canadian 5a 1926
Canadian .5s 1931
Canadian 5s 3937
Can Nat Eq 7s 1935
Chi & N-W 6s 1936 106
Chicago N-W 7s 3930 106
u, a ft st r gnern ',ieSA. 2014
Can Nor 7s 1940
Chile 8s 1941
Christiana 8s, City of 1945
Copper Exp 8s 1922
Copper Exp 8s.... 1923
Copper Exp 8s 1924
Copper Exp 8s 1923
Cuban Amer Sugar 6s 1931
Con Gas cv 7s.. 192.5
Dla Match 7s 1935
Denmark 8s 3945
Danish Mun 8s 1945
Dupont 7s 1931
MORE SELLERS THAN BUYERS
IX CHICAGO MARKET.
101
102
102
98
102
88
78
100
101
101
102
107
99
106
107
109
103
97
96
98
305
109
101
108
101
101
102
103
304
104
108
108
307
103
108
67
112
103
107
100
100
64
93
102
102
99
103
101
105
1940 109
1936 30i
2047 106
..1940
...3925
...1941
...1933
...1936
...1930
. . . 1923
...1966
...1941
. . .1931
.1930
do pfd :.. S?t
elly-SMfld.. son qti o-
Kelly-StMtfld
Kennecott . . ..
Keystone Tire
Lack steel....
Lee Tire
200
1,100
5110
700
100
Lehlah Vallev 14.700
Lorillard 200
Lowe Theaters 7,400
L & N
Marland Oil... 900
Martin & Parry 1,800
May Stores ... 700
Mex Pet 68,400
Miami 300
Mid States Oil 12,200
Midvale Steel. 1,600
M K & T 8.500
do pfd 2,700
Mont Power .. ......
Mont Ward .. 1,000
Mo Pac 900
do pfd 1,200
M St P & S S M 700
Nor Amn ...
Nat Biscuit .
Nat Enamel.
Nat Lead ...
Nevada Con .
New Haven. .
Norfolk & W
37
61
150
14
37
27
35
60
150
12
1,600
"400
25
20
107
125
26
13
30
10
30
'i.i
38
48
6"
67
2514
28
105
118
26
13
29
10
29
"l2
38
il
68
41
2.900
2,100
600
14
'17
100
13
17
100
3.
27
15
46
27
60
149
13
113
25
27
106
119
26
33
29
12
80
65
12
18
8
40
89
13
17
Grand Trunk 7s..
Goodrich 7s....
Goodyear 8s. ..y. ....
Gulf Oil 7s
Great Northern 7s. . .
Hershey 7s. .-
Humble Oil 7s
Int Rap Tr ref 5s....
Int Mar CT 6s
Kelly-Springfield 8s.
Kennecott 7s
l ibby. McNiel & Libby 7s 3931
Morris & CO 7s 3 930
Mexican Pete Ss 1936
N Y Call 7s 1930
Norway s
N P & G N (Jnt) 6s
N P 6s ,
forthwest Tel 7s 1941 1fl7st
Ohio C G 7s...., 1925 100
Ohio Power 7s 3951 101
Pan Amer 7s 1930 67
Rjis Rubles 5s 1926 4
San Paulo 8s 3936 101
Southwt Tel 7s 1925 101
Swedish Govt 6s 1939 97
Standard OH N Y 7s 1931 107
Stand OH of Cal 7s .1931 105
Steel & Tube 7s 1951 98
Swiss 8s 1940 115
Sears Roebuck 7s 1922 100
Sears Roebuck 7s 1923 99
Sinclair 7s 1925 100
Swift Co. 7s 1925 102
Union Tank 7s 1930 103
Uruguay Ext 5s 66
Wilson 1st 6s 1928 85
Western Electric 7a 1925 103
Westinghouse 7s 3931 305
Zurich 8s 1945 109
Foreign Bonds.
Foreign bond quotations furnished by
Overbeck & Cooke company of Portland:
Bid. Ask.
Belgian rest os , 70
do prem 5s 76
do 7s, 1045 107 '
do 8s, 1941 106
Belgian 6s, 1925 99
Brazil 8s, 1941 103
British 5s, 1923 88
do 1927 88
do 1929 86
May Is Weakest of Futures De
clines in Foreign Quotations
Have Disturbing Effect.
CHICAGO. Feb. 17. Sellers decidedly
outnumbered buyers in the wheat market
most of the time today, lessened general
confidence in higher prices being appar
ent. The market closed heavy lc to
2c net lower with May $1.37 to $1.37
and July $1.20 to $1.20. Corn fin
ished c to llc down and oats off
c to lc. In provisions the outcome
was 16(320o advance.
Almost as soon as the wheat market
opened prices showed a tendency to de
cline. Downturns in foreign quotation
had a disturbing effect both on owners
of wheat and on would-be purchasers. It
soon became evident that yesterday's per
sistent efforts to realize on holdings were
being continued by numerous dealers. In
some quarters the desire was manifest to
let go of May contracts and to take July
instead, because of unfavorable weather
and crop reports from the southwest.
High winds and dust storms in Kansas
led to a vigorous rally in prices of wheat
in the middle of the session, but the ef
fect on the market failed to last and the
closing was at about the day's lowest
level with May down more than 5c, com'
pared with the top figures of yesterday.
Taken as a whole the volume of business
was considerably reduced from the big
total that has been the rule of late.
Corn and oats declined with wheat and
as a result of reports that the Interstate
commerce commission had disapproved
lower freight rates on grain from Minne
apolis to the east. Something of an off
set was found in figures showing 900,000
more hogs on farms than was the case a
year ago.
Relative scantiness of offerings made
provisions average higher.
The Chicago grain letter received yes
terday by the overbeck & Cooke company
of Chicago follows:
v heat A bearish feeling was prevalent
and prices gave way under the pressure
of scattered but persistent liquidation.
The reversal of sentiment undoubtedly can
be attributed to the disappointing action
of the cash market lately as compared
with futures. This is really , not surprls
ing as the local outlet for wheat has not
been good and elevator space Is scarce,
owing to the large stocks of coarse grains.
The demand was somewhat better and the
trading basis about one cent higher. For
eign markets were lower, but did not fully
reflect the weakness here yesterday. It
is likely that this reaction will prevail
for the next few days, but we see no
change in fundamental conditions to jus
tify a decidedly bearish attitude.
Corn Followed the action of wheat to
a certain extent, but from time to time
displayed Independent strength.
The feature of the news was the export
interest in the cash market, which was
followed by advanced bids to the country
Exporters were again in the market and
a good quantity was worked at the sea
board, but the amount was not given out
The futures market has an excellent foun
datlon for a further advance.
Oats Liquidation was heavy through
out the session and It was the Impression
of pit observers that a good part of the
selling was lor tne leading long Interest.
We believe advantage should be taken of
the setbacks to make purchases. '
Rye Buying by seaboard Interests was
again conspicuous, but was overshadowed
by weakness In wheat which Induced
liquidation or long contracts.
Leading futures ranged as follows:
WHEAT. '
Open. Hieh. Low. rina
.$ 1.39 $ 1.39 $ 1.37 $ 1.37
. 1.21 1.22 1.20 1.20
CORN.
. .62 .63 .62 .62
. .64 .65 .64 .84
OATS.
May ... .42 .42 .41 .41
July ... .43 .43 .42 .42
do vky 4s 71
do ref 4s 6S
Bordeaux 6s, 1934 83
Canadian Ss, 1937
do 1926 97
do 6s. 1929 98
do 6s, 1931
do S, 1627 .............. 6
7:
80
107
1S6
99
103
90
90
8S
73
70
83
98
98
98
96
May
July
May
July
MESS PORK.
May
May
July
11.42
11.75
LARD.
31.65
11.85
11.42
11.65
21.10
11.60
11.86
SHORT RIBS.
11.15 11.35 11.15
11.22 11.30 11.17
11. 8
11.25
May
July
Cash prices were as follows:
Wheat No. 3 red, $1.33; No. 1 hard,
1.32!4i 33.
Corn No. 2 mixed, 6758c; No.
yellow, 57 68 lie.
Oats No. 2 white, U941c; No. t white,
3639C.
Rye No. 2, $1.001.101
Barley 55 56c.
Timothy seed $5.00(97.60.
Clover seed $1222.
Pork Nominal.
Lard $11.35. ,
Ribs $10.75(911.75.
Primary Receipts.
CHICAGO, Feb. 17. Primary receipt
wheat, 992,000 bushels against 823,000
DURneis. uorn. z,uo,uuu Dusneis against
767,000 bushels. Oats, 677,000 bushels
against 451,000 bushels. Shipments, wheat,
191.000 bushels against 477,000 bushela
Corn, 1,190,000 bushels against 562,000
bushels. Oats. 486,000 bushels aaatnst
348.000 bushels." Clearances, wheat, 684,000
busneis. flour, ai,uuu Darrels. corn, 652,
000 bushels. Oats,. 291.000 bushels. Bar.
ley, 17,000 bushels. Wheat includes 398,000
Dusneis in oona.
San Francisco Grain Market.
SAN FRANCISCO, Feb. 17. Wheat
Milling, $2.1592.20; feed, $2.1592.20; bar
ley, feed, $1.27 1.32 ; shipping, $1.32
6)1.45: oats, red feed. $1.4081.50: corn.
I white Egyptian, I2&2.10: red Milo. $1,850
The popularity of American Municipal Bonds as an investment is
due only in part to their exemption from Federal Income Tax. The
intrinsic worth of bonds secured by general taxes gives them a high
rank in investment securities. For the conservative investor who
seeks first safety for his principal, we recommend any of the follow
ing bonds which we ourselves have purchased after the most care
ful consideration. These are general obligation bonds backed by all
the taxable property within the boundaries of the issuing muni
cipality: Maturity. Yield.
Benton County, Oregon, 5s .. r 1926 5.00
Lane County, Oregon, 5s .1934-43 4-4.95
, Lincoln County, Oregon, 5Js 1929-30 5.10
i Maiheur County, Oregon, 52s... 1927-39 5.10
? Marion County, Oregon, 5s 1930 4.90
! ' Sherman County, Oregon, 5s 1939 5.09
Tillamook County, Oregon, 5zs 1929 5.00
Union County, Oregon, 5J4s 1927-32 5.00
Yamhill County, Oregon, 5Js... .........1931 4.90
Lewis County, Wash, School District 6s 1924-25 5.60
Portland, Oregon, 6s, City of 1931 5.00
City and County of San Francisco, Cal., 4s.. 1934-43 4.75
Exempt from Federal Income Tax.
w Complete details on any of these issues furnished on request
Telephone or telegraph orders at our expense.
Bond Department Open 8:30 to 5:00
Saturdays 8:30 to 2:00
BANK
TBLTGN
Oldest. In the Northwest .
WASHINGTON
at THIRD
tarn oat, $1318; wild oat, $1113; al
falfa, $1316; stock, $710; straw, nominal.
Seattle Grain Market.
SEATTLE. Feb. IT. Wheat Hard
white, soft white, white club, soft red win
ter. $1.21: hard red winter, northern
spring, $1.22; eastern red Walla, $1.18; big
Bend bluestem, $1.2.
Hay and feed unchanged.
Duluth Unseed Market.
DULUTH. Feb. 17. Flaxseed on track.
$2.472160; arrive, $2.47 2.4.
Minneapolis Wheat Market.
MINNEAPOLIS. Feb. IT. Wheat May,
$1.40; July, $1.30.
Winnipeg Wheat Market.
WINNIPEG, Feb. 17. Wheat May.
$1.34; July, $1.28.
FLOUR TRADE BROADENS
WEEK'S DEVELOPMENTS IN
WHEAT MARKET BULLISH. '
reported from Forgon, Okla., worst of the
season."
Exports from the United States this
week were 4,750,000 bushels wheat and
flour and 4,000,000 bushels corn.
Argentine shipments this week were 4,
677,000 bushels wheat against 2,058,000
bushels last year, 2,004,000 bushels corn
and 635,000 bushels oats.
The Argentine wheat visible Is 6,660,000
bushels against 2,775,000 bushels a year
ago; corn 2,400,000 bushela against 1,200,
000 bushels.
Terminal receipts. In cars, were reported
by the Merchants' Exchange as follows:
Portland Wheat Bar. Fir. Oats Hay
Friday 97 .. 10 6 5
Year ago 109 .. 1 1 14
Season to date.. 22,973 151 1658 660 1333
Year ago 11,531 192 556 379 1660
Tacoma
23
celpts, 342 barrels; shipments, 208 barrels;
stock. 73,048 barrels. Quote: B, D, E, F,
G, H, I, $4; K, $4.40; M, $5.15; I, $5.43;
WG, $5.705.75; WW, $0.
Dried Fruit at New York.
NEW YORK, Feb. 17. Evaporated ap
ples, steady; prunes more active, apricots
scarce, peaches steady.
Cotton Market.
ivriw vnnK. Rent. 17. Snot cotton.-
steady; middling, 18.10c.
Thursday .....
Year ago
Season to date.
Year ago
Seattle
1 Thursday
i ear ago
Season to date
Year ago
8.21t
3,392
6.315
3.675
4
2 1039
47 667
161 1622
181 268
1
2
116
91
3
1
611
699
.108 J2.16
313 1095
Supply Throughout World Running
Very Low Chicago Cash
Market Lags.
The weekly wheat review of Logan &
Bryan of Chicago, received yesterday by
Overbeck & Cooke company of this city,
said:
Many new developments occurred dur
ing the week and virtually all were ol
bullish character. The one exception
was the lagging tendency of the cash
market in Chicago as compared with tne
futures This was attributed primarily
to lack of storage space on account of ele
vators being overtaxed with the large
stocks of coarse grains. .
The outlet, however, has not oeen gooo.
It la significant that southwestern mar
kets, where the movement has been
heaviest, were strong, showing that there
Is really a keen demand for wheat with
buyers naturally going where the wheal
is easiest to obtain.
The idea, expressed recently, that the
middle of February would witness a broad
ening of the flour trade was fully substan
tiated and it is our opinion that it will
continue to increase as the season pro
gresses. There Is a time-worn theory In the
trade that when flour buyers begin to
make their appearances it is time to look
for a break In the market. This may
have some foundation, but it is hard to
look at it In that light, with knowledge
that the supply of wheat throughout the
world Is getting very low. rurtnermore,
the buying was not all for domestic ac
count by many means, and it looks as
if a good quantity of flour is going to
leave the country during the next few
weeks.
There Is no doubt but that importing
countries of Europe are becoming appre
hensive over supplies and their fears are
well founded. A short time ago we were
led to believe that Argentina would have
a surplus. Including the carry-over of old
wheat, ot about 160,000,000 bushels. The
official report now makes their total crop
154,873,000 bushels, or approximately 16,
000,000 bushels less than tha five-year
average, and leaving an exportable sur
plus of about 85,000,000 bushels, plus a
carry-over from the previous crop of pos
sibly 30,000,000 Dusneis, wun ampie reason
to doubt that the latter figure Is greatly
over-estimated.
The Australian crop Is now placed at
134,184,000 bushels, another reduction.
The argument that wheat prices are
high Is not justified. During the period
of inflation cash wheat sold as high as
$4 a bushel. The advance, unquestionably,
was over-extended, just as the decline,
when deflation set In, carried prices to
level not fully warranted by fundamental
conditions but which could not be pre
vented with the entire world maintain
ing a cautious attitude In making pur
chases.
WHEAT DECLINES ANOTHER 2 CENTS
Small Amount of Business Passing in This
Section.
The wheat market worked lower again
yesterday, influenced by the weakness at
Chloago. All bids at the Merchants' Ex
change were 2 cents lower than Thursday.
Only a smell amount of wheat was re
ported bought. Country offerings have
not been Increased by the down turn of the
market.
The Russian relief committee Is reportefl
to have made another purchase of flour
In this city yesterday and was in the
market for 600,000 bushels In the east.
Sales for export In the east were estimated
at 450,000 bushels of wheat In the past
day or two Portugal has canceled 600,000
bushels of wheat previously bought In this
country.
The Liverpool wheat market closed ld
lower. Wheat at Buenos Aires opened 1
cents lower, corn cent lower and oats
1 cent lower.
A dispatch from Oklahoma City said:
"No moisture, unusual high winds last 24
hours, all wheat damaged ; getting so late
farmers and grain men of western Okla
homa, Panhandle Texas and in southwest
Kansas that were hopeful earlier now
very pessimistic over outlook. Band torga
' Coffee Futures Lower.
NEW YORK. Feb. 17. There was fur
ther switching from March to later months
In the market for coffee futures today, but
otherwise trading showed no special fea
ture. The general market closed at a net
decline of 3 to 8 points. Sales were esti
mated at about 24,000 bags, including ex
changes. March. 8.40c: May, 8.48c; July,
8.54c; September, 8.57c; October, 8.58c;
tlecember, 8.02c.
pot coffee quiet but steady. Rio 7s,
9c; Santos 4s, 12a to 12c. Cost and
freight offers were about unchanged, in
cluding Santos 3s and 5s part Bourbon at
12.25c to 12.60c and Victoria 7s and 8s at
8.40c American credits.
Metal Market.
NEW YORK. Feb. IT; Copper, easy;
electrolytic, spot and futures, 1313c;
later, 1313c.
Tin Easy, spot and nearby, 30.25c; fu
tures, 30.0030.12C
Iron Steady, unchanged.
Lead Steady. Spot, 4.704.80e.
Zinc Quiet. East St, Louis delivery,
spot, 4.504.55c.
Antimony Spot, 4.40c.
Naval Stores.
SAVANNAH. Ga., Feb. 17. Turpentine,
firm, 64c; sales, 50 barrels; receipts, 35
barrels; shipments, 20o barrels; stocks,
61O0 barrels.
Rosin Firm. Sales, 689 barrels; re-
Grading Bids Rejected.
GRANTS PASS, Or., Feb. 17 (Spe
cial.) All bids submitted by con
tractors for the re-surfaslns; ana
grading' of about 8 miles of market
road west of the city havo been re
jected by the county court, which has
decided to take the contract for tha
county. Five contractors bid on the
work, tha bids ranging' from $5498.08
to $7126.
FOR the little fel
low, too! Banks
and rich men buy
bonds on the P. P. P.
Why not you?
Ask us.
Freeman, Smith
& Camp Co.
Lumbermen Bloo-, Portland
HERRIN & RHODES, Inc.
Established 1896
STOCKS, BONDS, i
COTTON, GRAIN
CorreBpondenta E. FHUTTON & CO., N. T
Mcmben all leading exchanges
Babson's Service on File.
Bdwy. 4785. 201 Railway Exchange Blflc
Duvard
Motor Co. ,
of California
Sateens"
1EST-MaBE
DESKS
To Durant's tireless energy can be cred
ited the Buick, the Cadillac, Chevrolet
Oakland and Oldsmobile. And now
the "Durant."
It is part of the Durant formula of suc
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is the selection of West-Made Desks.
West-Made Desks are as different from the
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space has a purpose; there's a reason
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Ask your dealer to show yon fhe West
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WEST -MADE DESK CO
Manufacturers,
Portland, tr. S. A.
Sold in Portland by
Glass & Prudhomme Co. ' :
Kilham Stationery Co,
Bushong & Co. .
WEST-MADE
The Fifty-Year Desk
' 0