16
THE MORNING OREGONIAN, TUESDAY, MAY 2, 1922
WOOL PRICES CLIMB
i IN EASTERN OREGON
Fine Clips Are Now Bringing
30 to 35 Cents.
COMPETITION IS KEEN
Several Districts Arc Cleaned Vp.
Wool Is Taken as Fast
as Shorn.
The strength of the wool market shows
no sign of abating. Buying In Eastern
Oregtm continued without a pause Sunday
and business was beinsr done In all sections
yesterday where wool was offered for sale.
All the buyers witn headquarters !n Port
land are either In the wool arrowing sec
tions or have their field men on the
f round.
"Wool is selling as fast as It ia shorn.
Moat of the buying, however, has been of
wool on the sheep's back. Average fine
wool Is now bringing 30 cents to 33 cents
and extremely choice clips have been con
tracted for at t8 cents. Mixed clips are
bringing from -7 cents up to 31 cents.
All the Wallowa wools have been sold
and all the larger Echo clips are gone. In
th Pilot Rock district everything Is sold
except a number of the smaller clips; ag
gregating less than 100,000 pounds.
The bulk of the Heppner wools have
been sold. There has been no buying there
for the last three days except a.n occa
aional small lot. Only a few clips have
been sold In Baker, but It Is understood
the upper John Day wools are well sold up.
One or two Shaniko clips have been sold,
but the growers thereabouts are tight
holders. Nothing has been done yet at
Bend or Prlnevllle.
Lake view wools are cleaning up at 30
82 cents.
Wool shearing operations east of the
mountains are on a larger scale. The
wool in some sections is coming off in bet
ter condition and lighter than was ex
pected, but in other sections the wool shows
the effect of the protracted winter and
short feed.
price. The quality of receipts was only
fair. Stale and old cream flavors were
quite common, also weedy and garlic fla
vored butter is beginning to appear, espe
cially at Chicago. Boston reported an
active demand for storage, most of which
was shipped from interior points.
BETTER EGG GRADING IS THE AIM
Loral Dealers Organize and Establish
Standards.
Local egg dealers have formed the Ore
gon Wcf Dealers association and adopted
the following basis of egg grading:
"Hsn-iery eggs These eggs shall be all
white, clean, unwashed stock, fresh and
full, no eggs to' weigh less than '-2 ounces
to the dozen, with suggestion to the pro
ducer that they should be delivered at
least every fourth day. All cream color,
soiled, washed, pullet, cracked, held or
shrunken eggs to be classed as under
grades.
"Current receipts Current receipts shall
be fresh mixed color eggs as received from
the producer, and shall not show an excess
of six dozen undergrade eggs per case to
be packed in good standard cases. Under
grade es-gs in current receipts shall con
sist of all washed, dirty, held, pullet or
cracked eggs and not to exceed six rots
to thi case. "When any shipment contains
an exces of six dozen eggs per case under
grade -em ittar.ee to be made on a grading
basis on the entire shipment deducting for
ail undergrades.
"One cent per dozen to be deducted for
any ege shipped in any other than stand-
3Sc; picnic, 16c; cottage roll, 24c
BACON Fancy. 3844c; choice, 2
33c; standards, 23 25c.
J.ARD Pure, tierces, 15c pound : com-
prCi Oi 7. tierces, 15c
DRY SALT Backs, l821c: plates. 16c.
Lumber.
The following are direct quotations on
Dougias fir and represent approximately
pievaillng f. o. b. mill prices In cariots and
are based on orders that have been nego
tiated;
Low.
544. SO
3T.00
31.00
31.00
Small Decrease In Visible,
The American visible supply statement
compares as follows:
Bushels.
Msy 1. 1922
May 2. 1921
May 3 3 020
Mav 5, 1!H9
May 6. 1918.
.31,181.000
.33.453.000
.42.784.000
.49.502,000
2.194.000
Decrease.
23 2,000
2,060,000
185.000
11,821.000
583.000
The coarse grain visible statement com
pares:
May 1, ""922, corn
May 2. 1923. corn
May 1. 1922, oats .
May 2. 1921. oats .
May 1, 1922, rye .
Mav 2. 1921. rye . .
May 1. 1922, barley .
Mav 2, 1921, barley .
Bushels.
. .3.404.000
. .24,013.000;
. .55.837.000
. .30.770,000
8.163,000
1,441.000
1.680.000
Flooring High.
1x4 No. 2 VG $51.00
1x4 No. 3 VG 38.00
1x4 No. 2 & B. SG ... 34. VO
1x6 No. 2 & B. SG ... 37.09
Stepping
No. 2 &B 65.00
Finish No. 2 and better -
IxS 10-Inch 66.00
Casing and base .... 66.00
Ceiling
Hx4 No. 2 & B 33.00
1x4 No. 2 & B 32.00
Drop siding
1x6 No. 2 & B 35.00
1x6 No. 3 28.50
Boards and SL No. 1
lxS-10-inch. S 1 S ... 14.50
lxl2-inch 13.00
Dimension No. 1
2x4 12-14, S & E 12.50
Planus and small timbers
4x4 12-16 S 4 3 17.00 14.50
Timbers 32 feet and under
6x6-8x10 S 4 S 18.00
Lath -
Fir 5.00 4.40
Pre
vailing
Price.
J51.00
OIL AND STEEL RISE
IN PRICE ON MARKET
31.00
31.0O
59.75
51.00
60.00
7.00
29.00
31.00
25.00
11.50
12.00
10.00 12.00
REFORMS ARE ORDERED
STOCK BROKERS REVISE
RULES OF EXCHANGE.
Members Cannot Handle Accounts
of Bank Clerks Unless With
Employers' Permission.
Decrease.
3.450.000
5.149,000
261.000
304.000
176,000
LITTLE TRADING IN WHEAT MARKET
Hard White Higher on Bid and Other
Grades Unchanged.
The wheat market was steady yester
day anl little business was reported. At
the Merchants' Exchange hard white bids
were 2 cents higher and club, soft white
and hard winttr were unchanged.
The coarse grain market was Quiet and
ateady.
The Chicago wire to the Gray-Rosenbaum
Grain company follows:
"Deliveries million and quarter, well
taken; no great selling pressure, but good
buying July, finally advancing market. Ex
port demand, both old crop Manitoba and
new crop American, good. Foreign bids
better. Liverpool strong. Canadian vis
ible shows good decrease. American rather
disappointing. Anticipate higher prices.
Would buy breaks."
Liverpool wheat closed Id hfgher on May
and July and d lower on September. May
11a 7d; July lis 9d ; September lis
3id.
Buenos Aires wheat opened H cent
higher. June corn opened M cent lower
at 74.4a.
Deliveries at Chicago yesterday were
1,250.000 bushels wheat, 1.500,000 bushels
corn, 2.700,000 bushels oats and 250,000
bushels rye.
Terminal receipts. In cars, were reported
by the Merchants' Exchange as follows
Portland
Monday
Tear ufo
Feasor, to date.
Te r age
Tacoma
Batnrday
Tear ago
Season to date.
Tear ago
Seattle
Paturday
Tear ago
Season to date.
Tear ago
Wlit. Bi ly. Flour Oats Hay
59 1 6 2 8
1 20 . . . 8 3 2
26.306 223 2028 825 3B28
16,094 246 909 516 2278
8 . . . 2 1 7
9 6 2
MB9 97 1216 154 781
4,273 60 903 158 915
9 - - . 7 1 2
5 ... 11
7.698 178 1945 405 1620
4,383 210 411 425 1329
1.688.000 1.000
The Canadian visible supply statement
shows:
Bushels. Decrease
Wheat 31.715.000 2,632,000
Oats 8,12i.000 1,009.000
Barley 2.242,000 526,000
Demand for Eggs Good.
The 'gg market was firm with a good
demand for local storage account and to
ship north. Buyers paid 20 cents for cur
rent receipts and 23 cents for henneries.
There was no change in butter prices
and cube offerings cleaned up.
Poultry receipts were light and prices
were unchanged. Dressed veal arrival
were large but held at Saturday's quotations.
Bank Clearings May 1, '2
Bank clearings of the northwest cities
yesterday were as follows:
Clearings
Portland $6,772,100
Seattle 5,147,147
Spokane 1.861,643
Tacoma transactions
Balances.
$1,195,481
1,381,704
943.039
2,252,000
May June
Bid. Ask Bid.
$ 1.30 $ $ 1.30
1.26 3.30 1.26
1.26 1.30 1.26
1.27 1.27
35.00 35.00
34.00 34.00
29.00
28.00
29.00
28.00
30.00
$8.60 per bbl.
COAST BUTTER PEMAND INCREASED
No Surplus This Season for Shipment to
Eastern Markets.
While the San Francisco butter market
advanced only a quarter of a cent during
the week, trading was active and the tone
was firm, with the exception of Wednes
day and Thursday, at which time alight
declines were recorded. The principal fea
ture of the week's business was the heavy
demand for butter from Vancouver, B. C,
and Seattle. Large shipments also went
aouth and, although receipts were heavy,
there was very little surplus at any timet
Receipts at San Francisco from Monday
to Friday were 590,760 pounds, as com
pared with 502,422 pounds the previous
week and 449,219 pounds last year for the
aame period. Total receipts were more
than 200.000 pounds heavier for April than
for last April, while about 30 cars were
chipped east In April, 1921, and none has
gone this year, indicating greatly in
creased consumption of butter on the
coast. Storage holdings Increased lOG.STo
pounds from Friday to Friday. Feed con
ditions are favorable for a heavy produc
tion and a lower price level is expected for
May.
The late, cold spring in the east has
retarded production to the extent of mak
ing supplies on the market short of the
demand crcatrd by buyers, who are turn
ing from storage to fresh butter. Storage
holdings are rapidity decreasing and many
of the eastern buyers had to turn to fresh
stocks. Production, according to the re
port of the creamery butter manufactur
ers' association, shows a slight decrease
under last year and only a slight increase
over the week before. A3 a result the
market was kept closely cleaned up at
mil times and sometimrs buyers had dif
ficulty in supplying their needs.
The eastern market was in a strong po
sition, and if the shortage had come at
any other time than when a decline was
erpectcd almost daily it is very doubtful
whether rapid advances would have been
prevented. As it was. with buyers and
ellers both anxious to keep cleaned up,
there waa not the tendency to raise prices
and all markets were only slightly ad
vanced. Fresh centralized butter waa
scarce at all the markets and cleaned up
quickly at prices close to those paid for
fine- butter. There was a good demand
for medium grades and poor butter was
acarca. Buyers were looking for cheap
to utter that did not show weedy or garlic
flavors, but many were required to take
something of better quality at a higher
VEAL 14Mc-15c
Market Short. Ship Immediately.
THE SAVINAR CO,, INC.
lOO Front St., Portland. Or.
ARK YOV LOOKING FOR A DK
PlCJf DARUE rRODl CE DEALER f
Veal Butter
Pork i'.pus
Poultry Any Product
Aak for latest methods used to
prepare shipments for higher prices
RUBY & CO..
199 Front
Portland.
St..
Or.
Bankers' Acceptances.
Quotations on bankers' acceptances fol
low :
Days
30 60 90
Prime eligible members, pet... 4 4 4
Prime non-members, pet. . . . . 4H 4i 4
PORTLAND MARKET QUOTATIONS
Grain. Flour. Feed. Etc.
Merchants' Exchange, noon session:
Wheat
Hard whita . . .
Soft white ....
White club ...
Hard winter ...
Oats
No. 2 white fd
No. 2 gray . . .
Barley
Brewing
Standard feed .
Corn
No. 2 E. T. ship. . . . 28.2i
FLOUR Family patents
whole wheat, $7.80; graham. $7.40; bakers
hard wheat. $8.10: bakers oiuestem pat
ents, $8; valley soft wheat, $6.50; straights,
(6.35.
MILLFEED Price f. o. b. mill: MI li
mn, ton k s. $31; mixed cars. $30; straight
cars, $29 per ton ; middlings, $45 ; rolled
Larley. $3739; roiled oats. $42; scratch
red, 552 per ton.
CORN White, $36; cracked, $38.
HAY Buying price f. o. b. Portland:
Alfalfa, $20 per ton; cheat, $16: oats aind
vetch, $17; clover, $3 7; valley timothy,
$20; eastern Oregon timothy, $21 22.
Dairy and Country Produce.
BUTTER Cubes, extras, 3132c per lb.;
parchment wrapped, box lots, 35c, cartons,
o6c. Butterfat. buying price: No. 1 grade.
33c. delivered Portland.
EGGS Buying prices, 20c per doz.
case count, henneries, 23c doz.; jobbing,
prices, casa count. 21c; candled ranch. 220
selects, 25c.
CHEESE Tillamook triplets, price ta
Jobbers, f. o. b. Tillamook, 23c; Young
Americas. 24c pound.
POULTRY Hens. 2327c; ducks, nom
lnai ; geese, nominal ; turkeys, live, nom
inal; dressed. 40c
VEAL. Fancy, 10ac per pound.
PORK. Fancy. 15 c per pound.
Fruits and Vegetables.
Local Jobbing quotations:
FRUITS Navel oranges. $7.008.25 box;
lemons, $6.508; grapefruit, $49 box;
bananas, 9ti 10c pound ; apples. $1. 10 3.50
per box; strawberries, $3.65 3. 75 per
crate.
POTATOES Oregon. $1.401.75 3er 100
pounds; Yakima, $1.52 per 100 pounds;
sweet potatoes, eastern. $22.75 crate.
ONIONS Oregon yellow, 10c pound ;
Australian, 10c per pound; yellow Ber
muda. $4 4.25 per crate; crystal wax.
$3.25?4.25 per crate.
VEGETABLES Cabbage, ' ( c per
pound ; lettuce, $2,505?" -1.50 crate ; carrots,
; i sack ; garlic, 10 i 15c per pound;
green peppers. 40 45c per pound ; celery
$6.00 crate; cauliflower. $1.75(152.50 crate;
parsnips. $3o13-50 per sack; tomatoes, $3.50
(h 4.25 per lug; artichokes, $1.40 doz.; cu
cumbers. $1.252.75 doz.; rhubarb, 78c
per lb. ; spinach. 89c pound ; asparagus,
1015c per pound, $22.50 per dozen; tur
nips. $2.503 per sack; green peas, 10
12Vc per pound.
Staple Groceries.
Local Jobbing quotations:
SUGAR (.sack basis) Cane, granulated.
6.30c pound; beet, 6.10c per pound.
NUTS Walnuts. 1535c per pound;
Braih nuts. 17 19c; almonds. 21 26c;
peanuts. 3031c per pound.
RICE Blue Rose, f. .45 6. 75c per pound;
Japan style, 6.10 6.25 per pound.
COFFEE Roasted, bulk, in drums, 29
36 la c per pound.
SALT Granulated, bales. $3.254.0&;
half ground, too, fiOs, $17; 100s. $16.
HONEY Comb, new crop, $4.500 pel
case.
DRIED FRUITS Dates, 14c per pound;
f is s. $1.90 2.75 per box ; apples. 15c per
pound; peaches, ltic; apricots. 23c; prunea
9 14c.
BEANS Small white, 6a7Ic; larga
a hi te. 6 c ; pink. 6 h c ; bay o, 6 h c ; red,
5 . c . lima, 11c pound.
Hides Hops, Etc.
HIDES- Salt hides, 5c; salt bulls, 4c;
green bulls, lc less; grubby hides and
bulls, lc '.ess; salt calf. 10c; Ealt kip, 7c;
salt horse hides. $1 2 each ; dry horse
hides. 50c $1.00 each; dry hides. 10c; dry
cull hides, hail price.
PELTS Dry peits, 15 17c; dry short
r. ool peits. half price; salt pelts, full
wool April take-off. $1.251.75 each;
dry roat kins, 12c Uong h.Ir).
TALLOW No. 1, 4V2c; No. 2, 3 Vic per
pound; tank tallow, 2Vc per pound.
CASCARA BAKK New peel. 6c pound;
old peel. 6c pound.
OREGON GKAfE Grape root. 5c per
pound.
HOPS 1921 crop, IS 20c pound; con
tracts. 15 18c
WOOL Eastern Oregon, 2535c per
pound . vailey wool, tine. 25 27c; me
dium. 23-5c; quarter blood, 1820c: low
quaiter blood, Uloc; braid, 13 15c;
matted. 1012c
MOHAIR Lone staple. 30c. delivered
Portland; short st ftple, 20c pound.
GRAIN BAGS Ca.i-.ots, StfSfcc coast.
(Copvright bv the Public Ledger Com
pany. Published by Arrangement.)
PHILADELPHIA, May 1. (Special.)
Two steps have just been taken by the
governing committee of thePh!ladelphia
stock exchange which are regarded as
constructive measures In dealing with mar
ket operations. One amends the by-laws
of the exchange so as to prevent stock
market speculation, through member
houses, by bank employes unless with con
sent of their employers. The other amends
the constitution so as to forbid stock ex
change members taking outside partners
without approval of the committee on ad
mittance. The amendments were approved after
several conferences and follow the failure
of questionable brokerage houses. The ac
tion of the governing committee Is con
sidered as likely to aid in preventing the
reopening of irresponsible brokerage firms.
Following are the amendments approved:
"Article XIV, by-laws, section 3 Any
member taking or carrying a speculative
account, or making a speculative trans
action in which a clerk of the exchange
or of a bank, trust company, banker, in
surance company or of a broker dealing
in stocks, bonds or other securities, is
directly or Indirectly interested, unless the
written consent of the employer has been
first obtained, shall be deemed guilty of
an act detrimental to the Interest and
welfare of the exchange.
"Article X, constitution, section 11 No
member of the exchange shall form a part
nership, become a partner in a firm not
at the time represented by membership
in the exchange or admit other individ
uals not members of the exchange to an
existing partnership without the approval
of the committee on admittance first be
ing obtained. Any member forming such
partnership without approval may be sus
pended in the discretion of the governing
committee."
Independents Feel Effect
Rumors as to Merger.
of
SPECIALTIES ARE STRONG
STEEL MMET STRONGER
COAL STRIKE HAS TENDENCY
TO STIMULATE TRADE.
ous.
LINSEE OIL Raw. In barrels. $1.05;
5-gaIlon cans. 51 20; boiled, in
Si. 07: 5-callon cans. $1.22.
TURPENTINE In drums. $1.15; 1 11
ion cans. J1.30.
WHITE LEAD 100-pound kegs, 1214c
per pound.
GASOLINE Tcnk wagons and Iron bar
rels. 26c; cases. 38 c.
Prompt Deliveries Xot Possible
"With Most Mills, but Orders
Fill Rolling Schedules.
(Cpyright by the Public Ledger Company.
Published by Arrangement.)
PITTSBURG, May 1. (Special.) Stim
ulation has been felt on the steel market
as a result of the coal strike, which caused
buyers who hesitated in March to come
more freely into the market. Some of this
businese is not especially attractive to the
mills and some inquiries have been turned
down, resulting in rumors that certain
mills are out of the steel market.
Prompt deliveries, are, of course, out
of the question with most mills, which are
now in comfortable position with rolling
schedule made up several weeks in ad
vance. In a few Instances buyers have
paid premiums for prompt delivery of
small lots.
Thern are no conclusions on imisnea
steel products, even on very desirable or
ders at prices on a basis of bars, shapes
i elates at $1.50. Ralls are quotea at
$2.50 by independent makers, in accordance
with their recent advance, wnue me steei
orporation adheres to the oia price ot
2.40.
Order books at the steel mills are satis
factory with bookings for from two to
three months at the present rate; other
business Is stringing out for longer per
iods. Experts on the steel situation teei
confident that steel making conditions will
be good for the remainder of the year.
Metal Market.
NEW YORK, May 1. Copper, firm;
elpctrolvtic. snot and futures, 13c.
Tin, steady; spot and nearby, 31c ; fu
tures, 31.12c.
Iron, steady: No. 1 northern, $23325;
No 2 do, $22 4; No. 2 southern, $6.50
17.
Lead steady; spot GH 5.60c
Zinc, quiet; East St. Louis delivery, spot,
55.15c.
Antimony Spot, 5Uc.
Sugar Market.
NEW YORK, May 1. Raw sugar, cen
trifugal. Cubas, 4.04c; Porto Ricos, 3.92c.
Refined sugar, fine granulated, 5.25
5.40c.
SAN FRANCISCO, May L California
Hawaiian raw sugar, 3.92c.
Oregon Banking and Bond
News.
Farmers are at work planting their
crops In eastern Oregon and the soil Is m
excellent condition, according to BE. M.
Swart wood, caahicr of the First National
bank of Joseph, who spent yesterday in
Portland. "Farm operation is in full
swing," said Mr. Swart wood. "Increased
prices have given our people more hope
for -the future. Some liquidating Is being
done. The lambing season is about over
with an average of about 00 pr cent.
There was little loss of young lambs on
account of bad weather conditions. The
prospects for advanced prices of live
stock and wool have given hope to the
growers."
A. M. Marshall of Marshall Wells & Co.,
one of the leading manufacturers and
financiers of Duluth. Minn., is in Port
land looking after the interest of his
concern. Yesterday afternoon he played
golf with A. L. Mills, president of the
First National bank.
Edward Cookingham. president of the
Ladd & Tilton bank, has gone to Cali
fornia for a vacation of a few weeks.
A. W. Brookings, assistant cashier of ths
same institution. left Sunday by automo
bile for California.
A L. Tucker, vice-president of the
United States National bank, has left for
Boise, Idaho. He will spend the entire
week tooking over Idaho business condi
tions and will meet with the correspond
ents of his banking house.
Edgar H. Fensenich. vice-president of
the Northwestern National bank, left yes
terday for White Sulphur Springs. W. Va..
where he will attend a meeting of the
American Bankers' association.
Advances in Gasoline Prices Lend
Strength to Stocks in Oils.
Standard Oil Is Firm.
BY MONITOR.
(Copyright by the Public Ledger Company.
Published by Arrangement. )
NEW YORK, May 1. (Special.) To
day's stock market was only moderately
active, but prices generally worked higher
in the lighter volume of trading, with total
transactions somewhat in excess of 1,000,
000 shares. Trading features were fur
nished by advances in the oils and inde
pendent steels In addition to a few strong
specialties.
The strength in the oil shares was pre
dicted largely on recent sectional advances
in gasoline and refined petroleum products,
with the prospect of a further marking up
of crude. Standard Oil issues were firm,
with increased activity, and Pacific oil
reached a new high level at 62.
Among the steels, some of the specula
tive issues and others regarded as assured
of inclusion in the contemplated merger,
displayed considerable activity and
strength. Gulf states made an advance of
more than four points and was closely fol
lowed bv Republic Iron and Steel. Mid
vale and Lackawanna also reflected the
credence placed in current merger gossip.
Equipments ran up briskly at times under
the leadership of Baldwin and American
Locomotive.
The favorable construction placed on
the Studebaker statement brought re
newed support to that issue but had no
apparent effect on the motor shares.
Among the strong specialties were Inter
national Paper, Mercantile Marine, Man
hattan Elevated, May department stores
and United States Rubber. Profit taking
was largely responsible for the set back in
Manhattan electrical supply.
The rails were rather inactive, with op
erations held in check by uncertainty over
the effect of the proposed rate reductions
and doubt concerning the action of the
United States labor board on the wage
QUOu1side news was hardly a factor on the
market. Much satisfaction is expressed
over the lessenea intuuu .
the commodity mariteis cuivuu
of its rut with a 50 point advance.
The call money markets firmed up again
today and closed at 4V Per cent, aiier re
newing at four. This condition is
ered to be but the continuation of Sat-
mnrket and is be
lieved to be but temporary. The basis for
the tighter conditions is the larger amounts
required for end month finances.
Oil stocks were again led by the Stand
ard Oil issues and other high class stocks
as in Saturday's market. Coaden was hes
itating for a while and traders were un
certain aa to the reaction this market
should expect from the new stock Issue
However, it is believed that this will be
absorbed easily.
Mexican Seaboard declared another 50
cent dividend today, payable May 1. At
the same time directors voted to retire an
other $1,000,000 of the company's 7 per
cent debentures, thus leaving a balance
of $6,000,000 outstandnig.
The Studebaker report was in line with
general expectations in the street, but if
anything the earnings report was better
than had been anticipated. Withhe com
pany earnings about $6.41 in the first
quarter, this means that nearly the full
dividend rate of 7 per cent has already
been earned and the possibilities for an
increased dividend or an extra disburse
ment at the midsummer meeting are con
sidered bright. President Erskine's broad
hint that a continuation of operations at
the present scale might make it necessary
for the directors to consider further action
on the dividend ia construed bulliehly here,
a
New Orleans, Texas and Mexico 1921 re
port was a great Improvement over 1920,
despite a lower gross- The answer to the
improvement was found in a sharp decline
in operating gross. Net Income for the year
was $1,813,267 aa compared with $738,049
Rail stocks as a group were compara
tively firm, although there was no special
activity in the list. The market was
cheered today by the March report of 123
class one roads which showed a net of
$61,678,000, as compared with $18,563,000
for March, 1921. This had a very bene
ficial effect on sentiment.
Sears, Roebuck and Montgomery Ward
reports for April were a bit conflicting as
far as their value as a guide to mail-order
business might be considered. During the
months Sears, Roebuck sales fell off 10.15
per cent as compared with last year, while
sales for the first four months declined
13.57 per cent. On the other hand, Mont
gomery Ward's April sales showed an in
crease of 13.52 per cent, while the four
months period Rained 6.S per cent.
changed to 4c up. and provisions varying
from unchanged figures to a rise of 20c.
It was a practical certainty before the
wheat market opened that there would be
no delay In tendering wheat freely to
houses which desired to pay for the actual
grain. It was also evident that there
would be no difficulty in disposing of the
wheat "so offered. Under such circum
stanceu and with a month ahead for fur
ther settlement of the May dealings, the
rank and file of traders turned attention
to July and September business and to
factors other than the immediate supply
of wheat in Chicago.
Signs of continued foreign demand for
wheat became the dominating influence
and with bullish domestic crop estimates
current, tended to send prices moderately
higher. According- to one authority the
abandoned acreage of winter wheat was
11.6 per cent and the probable yield per
haps 20.000,000 bushels less than was har
vested last year. Export sales today were
figured upward of 1,500,600 bushels. On
the other hand, the United States visible
supply showed only a. small decrease, 212,
000 bushels.
Corn and oats were firmer In sympathy
with wheat. Talk of heavy use of corn
for feeding on farm attracted some' notice.
Furthermore, there was a decided falling
off in the visible supply of corn and also
oats.
Scattered buying of ribs rallied the
provision market from a decline due to
lower quotations on hogs.
The Chicago grain letter received yes
terday by the Overbeck & Cooke company
of Portland, follows:
It was a firm market most of the ses
sion, with buying of all positions encour
aged by the fact that the deliveries this
morning all went to one house and pre
sumably in strong hands. It has been a
long time since there was such a diver
gence of opinion as exists at present con
cerning the nearby deliveries and it will
remain a mystery until it can be demon
strated whether or not holders are able
to find a satisfactory market for the grain
delivered on May contracts. The deferred
futures are certain to be governed to a
certain extent by the action of May. but
in addition crop reports and the atti
tude of exporters toward the new crop
wheat will cause independent action. The
quantity already taken for July, August
and September shipment unquestionably
Is very large, but it must be remembered
that there will be plenty of wheat avail
able at that time and the buying must
necessarily continue large to offset hedg
ing galea.
Corn A good part of the trade today
was in the way of changing between May
and July, with elevator interest again
conspicuous buyers of the current month
against sales of July. Receipts were
larger than they have been running re
cently, but the demand was correspond
ingly improved and the trading basis firm.
Shipping sales were the largest in some
time, 275.000 bushels, all domestic. Many
in the trade are impressed with the re
ports coming from the interior to the
effect that feeding Is extensive and rap
idly absorbing the 1921 over-production.
For the immediate future the action of
the market will be contingent upon the
ability to absorb the selling in the pit
against increased purchases of cash grain
in the country.
Oats A moderate improvement was
noticeable in the commission house de
mand and the market gave a better ac
count of itself. Cash prices were higher
and the trading basis firm. For the first
time this season the visible showed a real
decrease. Crop reports continue rather
unfavorable owing to the lateness of the
season.
Rye Eastern export interests were ac
tive buyers and prices advanced with of
ferings light. Cash rye was quoted firm
relative to the futures.
Leading futures ranged as follows:
FARMERS IN EAST
ORGANIZE TO SELL
Marketing Associations Do
Successful Business.
PROFITS ARE INCREASED
Columbia Graphophone preferred is
einning to attract a bit of trading
tention, mainly on tne ineory mai me com
pany has about discounted an ol tne un
favorable factors bearing upon it. The
strong advance in the stock market as a
whole is encouraging bargain hunting
among the specialties and Columbia is
meeting with some demand from this ele
ment. It is hoped that the recurring
prosperity in the country at large will
mean much for Columbia, as its product
might be listed among the lower-priced
luxuries. At the same time, if Columbia
goes Into the radio fields, a is generally
believed that it will, the potential possi
bilities should be good in view of the
nation-wide demand for radio apparatus of
ail kinds.
m m m
Mack Truck Incorporated, now operat
ing about 50 per cent capacity, is believed
to be earning at the rate of three times
the first preferred dividend requirements.
Inasmuch as Mack, operating as the In
ternational Motors in 3923, was one of the
few motor companies to come through with
any sort, of a showing, it is believed that
the company ought to do equally well
under the much better conditions prevail
ing this year and the first preferred is
meeting with a good class of buying nere.
California Packing In 1921 showed net
profits of $2,240,591, as compared with
$4,253,015 last year. Tart of the buying
In California Packing seems to be coming
from Investment houses which favor stocks
like National Biscuit, Woolworth and sim
ilar high-ciass food product issues.
Hendee was again firm today and ad
vanced 2194. Advices from the company's
plant to the effect that working forces
were being largely increased brought in
good buying here and calls attention to
the fact that the wave of buying which
is flooding the motor markets with busi
ness naturally leaves a very comfortable
overflow for motorcycle manufacturers
such as the Hendee.
WHEAT.
Open. High. Low, Close.
May $1.41 $1.42 $1.40 $1.41
July 3.26 1.3836 3.26U 1.28H
SepL LIS 1 1.20 LIS 1.19
CORN.
May 61 .fil .61
July 65 65 .64 .65i
OATS.
May 364 .376 .36'2 .36
July 39 .40 -39 .39
MESS PORK.
May 21.00
LARD.
May 10.97 10.77 10.90
July 11.20 11.02 11.15
SHORT RIBS.
May 11. ST
July 11.27 11.17 11.25
Cash prices were:
Wheat No. 2 hard. $1.41.
Corn No. 2 mixed. 6162,ic;
yellow, 62 63c.
Oats No. 2 white, 4042c;
white. 3fi 40'i c.
Rye No. 2. $3.08.
Barley $1.62 1.67.
Timothy seed $4.50 43? 6.
Clover seed $1222.
Pork Nominal.
Lard $10.90.
Ribs $1213.
No.
No.
Cash Grain Market.
(Furnished by Herrfn & Rhodes, Inc.,
Portland. Or.) '
MINNEAPOLIS. May 1. Wheat No. 1
dark northern, $ 3.61 1.66 : No. 2 dark
northern, $3.58 g 3.65 ; No. 3 dark
northern, $1.51 1.62 : No. 1 northern.
$3.61 L 63 ; No. 2 northern. $3.57 O
1.60 ; No. 3 northern. $1.50 1.56 ;
durum, $1.30 1. 35.
Corn No. 2 yellow, 6"66c.
Oats No. 2 white, 35 36 ; No. 3
white. 35 fft36c.
Rye $1.10(5)1.12.
Barley 53C4c.
Flax $2.83 2.S6.
Wheat Dark hard Montana, $1.62 O
1.64.
OMAHA, May 1. Wheat No. 1 hard,
$L311.36; No. 2 hard, $1.313.38; No. 3
hard, $1.281.30.
Corn No. 2 white, 5454'c; No. 2
mixed, 5353c; No. 3 white, 36c: No. 3
yellow, 5354c; No. 3 mixed, 5253c;
No. 2 yellow, 53 3-555c.
Oats No. 2 white, 37c.
KANSAS CITY, May 1. Wheat No. 2
red, $1.30: No. 1 hard, $1.301.56; No. '4
hard. $1.291.56; No. 3 hard. $1.291.34.
Corn No. 2 mixed, 5656c; No. 2 vel
low, 5657c; No. 2 white, 56c.
Oats No. 2 white, 39c; No. 3 white, 39c.
ST. LOUIS, May 1. Wheat No.
$1.38.
Corn No. 2 yellow, 62c ; No. 3
61c.
Oats No. 2 white, 9 40c;
white, 38 39c.
After having pp nt several days visit
ing points on Puget sound and in Srpo
Wjine. Carl Deterins. cashier of Lumber-
barrala. mens Trust company, returned to Port
land yesterday.
Fro visions.
Local Joolng quotations:
HAMS All aiaefc 33g36c; skinned, 31
Thomas H. West, vice-president of the
Wasco County bank of The Dslles. spent
yesterday in Portland. Before going to
The DaUea he was one of the employes
of the Ladd & Tilton bank.
a m
B. . L. Beala Jr., cashier of the Tilla
mook County bank, was in Portland for
the week end.
MAY WHEAT DELIVERED
CONTRACTS SETTLED WITHOUT
DISTURBING MARKET.
Iieavy Export Sales Aid in Lifting
Prices Domestic Crop Es
timates Bullish.
CHICAGO. May 3L Settlement of May
contracts for the delivery of wheat here
began today without any of the spectacu
lar accompaniments which had been talked
about of late as likely to be seen. For
at least the time being no shortage of
wheat supplies was apparent. Deliveries
were on a liberal scales totaling 1.250.000
bushels, very near the amount which had
been generally expected and readily taken
by strong interests. Big export sales
helped to lift values. The market closed
unsettled lc to 2c net higher with
May $1.41 and July $1.28 to $1.28.
Corn finished c to lc higher; oats, un-
DULUTIL May 3
northern, $1.63 0
northern, $1.57 )
northern. $1.51
$1.42 1.49.
Oats 34 fg)36c.
Flax $2.77.
Wheat No.
No.
No.
No. 1
3.69
1.62;
1 hard,
yellow.
No. 3
1 dark
2 -dark
3 dark
durum,
WINNIPEG. May I. Wheat No. I
northern. $1.46: No. 2 northern, $1.40;
No. 3 northern, $1.33.
Oats No. 2 white, 53c; No. 1 feed,
47 Vic; No. 2 feed, 45 c
Primary Receipts.
CHICAGO, May L Primary receipts
wneai. m,n ousneis versus 1,120,000
bushels. Corn, 3,180,000 bushels versus
781, 00O bushels. (Jals, 820,000 bushels ver
sus 610.000 bushels.
Shipments Wheat, 542,000 bushels ver
sus 813,000 bushels. Corn, 1,584,000 bushels
versus 824,000 bushels. Oats, 650,000
bushels versus 391.000 bushels.
Clearances Wheat, 508.000 bushels.
Corn, 594.000 bushels. Oats, 600,000 bushels.
Car lots, Minneapolis Wheat, 216; corn.
56; oats, 62. Winnipeg Wheat, 210: oats.
71. Duluth Wheat, 98 ; corn, 4. Kansas
City Wheat, 261; corn. 123; oats, 9. St.
Louis Wheat. 45; corn. 59: oats, 61.
Seattle Grain Market.
SEATTLE, Wash., May 1. May wheat
Hard white, soft white, white club, hard
red winter, soft red winter, northern
spring $1.27; eastern red Walla, $1.23; Big
Bend blues tern, $1.50.
City delivery Hay. timothy, $27; D. C,
$28; alfalfa, $24; D. C, $28; barley, whole,
$;:0; ground and rolled, $38: clipped, $43;
chick starter, $60; chop all grain, $41 ;
coconut meal. $33; corn, $35; corn cracked
and feed meal, $37; cottonseed meal, $52 .
linseed meal. $61; scratch food, $4749;
sov beans, $62; wheat, $50; Puget sound,
$47.
Grain at San Francisco.
SAN FRANCISCO, May 1. Wheat
Milling $2.302.35; feed. $2.25 2.35.
Barley Feed, $1.3503.40; shipping,
$1.4501.50.
May.
Minneapolis Wheat Future.
MINNEAPOLIS. Mav 1 Wheat
t $1.55 ; July, $1.45.
Winnipeg Wheat Futures.
WINNIPEG, May 1. Wheat.
$1.40; July. $3.39.
Coffee Futures Rally.
NEW YORK, April May 1. The market
for coffee futures rallied during the after
noon on more encouraging private advices
from Brazil, claiming that political condi
tions were more settled and primary mar
kets higher. The close was at a net ad
vance of 12 to 22 points. Sales were esti
mated at about 37,000 bags. May. I0.07c;
July, 9.S7c; September. 9.49c; October. 9.46
December, 9.39c ; January, 9.3S ; March,
9.37c
Spot coffee dull; Rio, .10c to 10c;
Santos, 4s 14 011!:
Berry Growers and Dairymen
Cited as Examples of Rural
Ability to Co-operate.
BT WILLIAM E. SCHIMPFF.
(Sales Manager of the Pacific Cranberry
Exchange.
With characteristic enthusiasm the west
erner imagines that in only one section of
the United States, and that section the
Pacifio coast, do co-operative marketing
associations of farmers function properly.
While it is true that there are not as many
farmers' marketing organizations operating
In the eastern part of the United States,
some of the most successful organizations
of this type have memberships composed
almost exclusively of eastern farmers, the
two most striking examples being the
American Cranberry exchange and the
Dairymen's league.
Of these the American Cranberry ex
change is the older and has been in suc
cessful operaton for several years. Its
membership is recruited from the ranka of
cranberry growers In the Btates of Massa
chusetts. New Jersey and Wisconsin. With
this organization and its methods I have
been familiar for soma
Returns Are Better.
Through the marketing agency of this
exchange the eastern cranberry grower has
been receiving better returns for his fruit,
this result being achieved year after year.
To illustrate: The crop in barrels in 1921
and 106 were of the same size. Both
crops were less than the normal crop of
cranberries. In 1906 the grower received
but $6 a barrel, while ir. 1921 the yield to
the grower was $13 a barrel.
The further illustrate: In 1921, the crop
was less than normal. Despite the small
ness of the crop, the exchange received
more money for Its cranberries than it did
the preceding year, with a normal crop.
In fact, the exchange distributed more
money among its members than at any
previous time in its history. So much for
the American Cranberry exchange.
Dairymen Form League.
My first stop on my visit in the east
was at Milton. Pa. Just a few days after
my arrival there the new plant of the
Dairymen's league at Milton opened for
business Here is a million dollar plant
which has Just been erected by the league.
It is the only plant of its kind in the
entire United States which contains under
one roof the facilities for handling and dis
tributing fresh milk for the select bottle
trade of the larger cities, facilities for con
densing and evaporating milk, a complete
cold storage plant, together with the very
latest kind of a plant for the manufac
ture of ice cream.
On the day the plant opened for business
It received 80.000 pounds of milk. As the
plant was constructed to operate with a
capacity of 150.000, its first day's receipts
were very creditable. The directors had
set 50,000 pounds of milk as the first day's
receipts, but these figures were greatly
exceeded.
The organization handles the greater
portion of the milk which goes into the
markets in the large centers of popula
tion in the east. It takes all of the milk
the farmer produces, whether the Beason Is
the flush season or otherwise. It pays him
a far better price than he has ever re
ceived for his product.
Organization Is New.
The present organization is compara
tively saw. It succeeds a similar organi
zation, which was also co-operative, but
the methods of pooling adopted by the new
league differs from the previops method,
the various fact ors en te ring Into the de
termination of the pools, being time, that
is. month of year, grade and distance from
the markets. The highest grade milk,
which commands at all times the highest
price in the markets, is the milk which
is bottled for the hotel, restaurant and
family trade in the larger centers of pop
ulation. Next comes milk In cans, milk
for condensing and evaporating, milk for
Ice cream manufacture, and lastly milk for
butter and cheese.
During the month of March the league
sold its milk of the best grade to distrib
utors for $2.52 a hundred pounds, out of
which was paid-all expense of the organ
ization, and in addition thereto 20 cents
a hundred pounds withheld for sinking
fund purposes, and distributed to its
farmer members $2.02 a hundred pounds.
Certificates Are Issued.
For tne 20 cents a hundred pounds with
held certificates of Indebtedness are given,
which bear interest at 6 per cent. By this
method of providing for a Binking fund
the league is able to finance itself.
Particular attention ia now being paid
to the creation of markets for milk prod
ucts. Advertising Is generally resorted to.
The fact that the league is co-operative is
featured as is the fact that as such a co
operative organization it Is at ali times
Interested in maintaining quality. Th is is
a distinct advantage to the Dairymen's
league, as the public is now fully con
versant with this outstanding fact, that all
co-operative selling organizations are in
sistent on maintaining the quality -of the
goods tl ey handle. Advertising is already
general with the league, and as a result
its products are well known in many of
the principal consuming markets of the
east.
Milk Also Condensed.
From the viewpoint of a manufacturer
of condensed and evaporated milk, the
league has a factory capacity ror manufac
turing 2.000,000 cases a year. The offi
cials of th e lea gue dec la re that there is a
steadily increasing demand for their prod
ucts. This season will see the entrance
of the league into the ice cream field.
This organ! zat ion boasts of a mcmbcrsh Ip
of 70.000, and does business in excess of
$7,000,000 a month.
Its management consists of men who are
simply human beings. They have good
business judgment, and have the confi
dence of the farmers. They are not super
men in any sense. They are simply prac
tical business men, who have vision, and
have demonstrated that it is possible for
70,000 ptoducers to act through a small
group of individuals. There arc skeptics
in the cast as well as in the west, who
shake their heads and say that from the
very co-operative nature of the Institution
it cannot succeed. These are getting fewer
and fewer.
The pre-eminent success of the two or
ganizations above referred to clearly shows
what eUB be done even in the less favora
ble business atmosphere of the east. It
Is doubtful whether two more successful
organizations of their kind can be found
anyvhere. And there are some people
alive today who say that co-operation can
not be success f u L
Government
of the
DOMINIONofCANADA
5 Gold Bonds
Dated May 1, 1922
Due May 1, 1952
These bonds are in denominations of $1000, rog
isterable as to principal only. Interest is payable
May 1 and November 1.
These Bonds are a direct obligation of the Do
minion. The proceeds of this issue are to be
used for the purpose of refunding existing debt
of the Dominion.
PRICE PAR AND ACCRUED INTEREST
Blyth, Witter L Co.
Portland. Oregon. Fourth at Stark St.
San Francisco
Los Angeles
New York
Chicago
Scattlc
San Diego
GOOD CATTLE HUE STEM
CHOICE COWS AND HS&HGK8
QUARTER HIGHER.
Weaker Tone in Hog Market With
Prime Lights at Lower
Range.
Seventy-nine loads of stock reached the
local yards over Sunday and of these IS
loads went throusjh. Trading; was active
during the day.
The cattle market was generally steady
with a good demand for the better grades
of steers ana cows, i e lut "'r... "t.
Tirvinii. ranee ol prices wimo
cows and hetrers were quoted
hieher. Prices on calves
downward. , . -.
There was a somewhat easier tone in tne
hog division and prices averaged about
a quarter lower.
Sheep and lambs were steady and un
changed.
RecfUits were vmwm cui,
the best
quarter
were revlseu
10'.'
1533 hogs
15 steers
17 steers
'JO steer.H
20 steers
N steers
1!0 steers
21 steers
6 steers
24 steers
24 steers
11 steers.
12 steers
8 steers.
1 5 steers .
10 steers.
22 steers.
18 steers.
18 steers .
1 1 steers.
12 steers
7 steers
12 steers
13 steers
42 steers
4 steers
3 steers
2 steers
12 steers
9 steers
2 steers
2 steers
3 cows .
3 cows.
2 cows.
4 cows.
4 cows .
2 cows. .
13 cows . .
2 cows .
6 cows .
3 cows .
3 cows . .
11 cows. .
1) cows . .
2 cows . .
3 cows . .
2 cows. ,
2 cows . .
IH7.1
1332
1144
1072
1077
1193
1(19(1
KIU1
1013
903
1117
1290
1242
906
1024
1255
IM2
761
971
1072
1 121
1233
975
722
7H3
900
1 162
1008
955
9".5
866
943
995
M5
597
1050
1122
503
840
1013
1 1110
1014
1058
890
926
1175
907 sheep.
1
7.65
7 00
6.30
7.60
30
2 cows .
1 COWS .
2 cows .
1 calf. .
1 calf. .
1 calf. .
2 calves
1 calf. .
1 calf. .
9 calves
1 calf. .
4 bulls. .
2 bulls. .
1 bull. .
1 hull
I 13 bulls.
I I mixed
! 4R hogs. .
1 4 hogs . .
j 4 hoes. .
13 hogs. .
14 hogs . .
1 hog.
6 hogs. .
12 hogs. .
1 hog. . .
6 hogs.
1 hog. . .
B hogs . .
55 hogs. .
2 hogs . .
34 hogs. .
2 hogs. .
1 hog. .
9 hogs. .
1 hog. . .
8 hogs . .
Prices
4.00
5.30
9.00
6.00
1.00
6.50
4.00
5.00
8.50
4
j.no
4 10
5 on
910
. 925
. 1053
. 1070
. 240
. 270
160
. 183
. 320
. 200
. 304
. 230
. 580
880
.1170
. 420
. 1282
. 732
195 11
. 275 1(1.75
. 237 8 50
. 236 11.18
. 2.111 i.is
. 200 8.50
1R8 11.40
. 125 11.25
. 210 7.3.-
. 251 10.85
. 200 8.35
. 115 11.25
99 1 1.25
. 220 10.75
. 190 11.15
. 400 8.75
. 2S0 10.15
. 366 8.50
. 250 10.00
. 213 11.00
quoted at
7 hogs. . .
0 hogs . . .
7.3531 hogs . . .
7.501142 hogs. .
S3 hogs . . .
19 hogs. . .
72 hogs. . .
4 hogs. . .
9 hogs . . .
1 hog. . .
5 hogs - . .
6 hogs . . .
102 hogs. .
7.30 17 hogs. .
7.5012 hogs. . .
8.251 9 hogs. . .
7.5017 hogs . .
7.GOI 5 hogs . . .
6.4O10 hogs. .
7.30 " hogs . . .
7 2." 23 hogs. . .
7.85 1 hog. . .
7.40i 1 lamb. . .
7.60, 1 lamb. . .
5.73 5 lambs. .
5.75 51 Im mils . .
7 50j2O lambs . .
7.00j12 lamb. .
7.50I 7 lambs. .
6.75 22 lambs . .
7.75 1 lamb. . .
5.25 2 lambs. .
5.50 1 lamb. . .
5 75 141 lambs.
6.25182 lambs. .
6.50:19 lambs. .
3.50128 lambs. .
2 ewes . . .
1 ewe
2 ewes . . .
1 59 ewps . .
18 ewes. . .
15 ewes. . .
12 ewes. . .
25 ewes. . .
98 ewes . . .
50 yearl . . .
1 buck. . .
1 buck . . .
16 mixed. .
22 steers. .
27 steers. .
37 steers
5.75
5.00
6.73
5.50
6.50
6.75
5.23
6.00
5.50!
6.50
Wgt. IT.
11.25
234 10.75
124 11 23
176 11.35
173 11. SS
130 11.25
185 1 1.25
272 10 75
276 8 75
620 0 50
350 9.25
390 8.25
181 11.40
245 11 00
87 11.25
141 11.25
268 10.50
116 11.25
253 10 H
340 8 35
144 11. 2i
250 11 25
60 14 00
70 14 0t
46 10 00
M 14
45 14 0
58 14 00
82 13.75
60 15.00
130 ll'.OO
60 1100
tun H.oo
65 9.0O
SO 13.00 ,
112 11.00 I
80 lo 00 I
130 7.00
choice handy wooled ewee, $10; others er
shorn ewes, 88.oOv9.25.
Kansas City Uveetoek Market.
KANSAS CITT, Mar L (United Stale
Bureau of Markets.) Cattle, 11.880. b-e
ateere eteady to 10c lower: $8.50 bid ol
medium weights; beat mixed yearling!
$8.60; she stock atrong to lBe higher: tws
cowa, $0. 25 di 0 75 ; moat helfera, $6.MI
7.50; calvea strong; choice vealera. $9.
Hoga 11.000. opened slow, unevenly J
15c lower: closed active. 80100 lower
shiners bought very few. 1000178 pound
ers. $10.15 W 10 25; bulk sales. eg mm
$8.758.90: stock pigs strong, best $10.50;
desirable kinds, llo.imriu.iu.
Sheep 7000. killing claaaee strong te 2
higher: most shorn Texas wet here. $9
9.50: two-year olds. $9.73: leet wool
Colorado lambs, $15.00; bulk. I15 25W13 ..
small bunch native springers. $16 80.
Omaha Livestock Market.
OMAHA. May 1. (United Statee H
reau of Markete.) Hogs. 8O00. active, t
10c lower; bulk lMO280-pound butrhn
$9.90tl0: top. $10.10; bulk 200 0 825-1 m
butchers. $9.75 9.90; packing gradee, $h
00. 80.
Cattle 10.000. beef eteers mostly 1V0
cents lower; extreme, weak to 25c lowr
other grades off most: top yearllni
$8.50: she stock and bulls about atead
veals strong; Blockers and feeders Bt''.l
:. 8500, clipped lambs strong: bill
$13 50tf14.05: best had at $14.23: sprll
lambs weak; top. $16 50; sheep and fee
ere steady ; shearing lainba. 94-pound a
erage, $15.10.
San Kranrlaro $,lreatrk Market.
SAN KBANflSCO, Mar 1 Steers N
1, $7.25 0 8.50: No. 2. $6.2306 75. cows i
heifers. No. L $5.500880: No 2. $4 50
5.25: bulls and stags. 1408: light calvt
loaifl. kvv 17 ft 8
lambs $11.506r1250
Hogs 125 0 200-pounders. $rV50: 2m
250 - pounders, $10.50; 250 0800 poun !
$9.30.
Seattle Livestock Market.
SBATTI.K. May I. Hogs steady, re. ii
128. Prime. $11.25011.75: smooth hem i
$6.23H.8.00; pigs. $10015.
Cattle Steady; receipts. 428. Pn
steers. $7.50010; medium In choice. $;
7 30; common to good. $307: best es
and heifers. $606.50; medium to e$eal
$4.50ffrtt.25: common to good, $4 ft 4 I
earners 81 ..HI 2.50: ll4t calvea. 890
medium ealv.-s. $Hft0; heavy calves, i'
6; bulls. 4 05.
(It OT lT$O.N'h ox
n mii ritoiii i
Price. Killing on
and Kggs.
9.50 47 steers.
15 steers.
22 steers . .
13 steers. .
60 steers. .
60 steers. .
4.50:15 steers. .
4.50121 steers. .
24 steers
2 cows . .
28 cows. .
1 cow . . .
1 1 cows . .
28 cows. .
3 bulls. .
2 bulls. .
1 bull. . .
84 hogs . .
50 hogs . .
3 hogs . .
71 hogs. .
4 hogs . .
84 hogs. .
1 4 hngs. .
23 hogs. .
10 hogs. .
11 hogs . .
4 hogs . .
6 hogs. .
26 lambs.
2 lambs.
1 40 lambs
the Portland
follow
140
1-5
1 1 7
134
136
109
133
141
98
230
l M
110
1185
1318
1 085
1021
1200
1183
924
973
1021
1336
1209
1212
1005
1170
880
051
! I 5
1 6IU1
1090
1240
: M
6 00
7.00
7.00
8.00
8 00
8.00
8 00
00
4.00
4.50
I oo
8.00
7.75
7.85
7.83
.2:
6.85
7.73
7.85
7.80
8 25
8.15
5 00
8 85
6 on
6 no
6.85
5.50
I no
5 on
119 II.
112 11.25
150 11.23
196 11.50
365 8.50
204 11.50
191 11.6(1
124 11.23
129 11.23
279 11.00
347 8.50
196 11 23
57 9. on
67 14 00
63 14 00
Union
SAX FRANCISCO PRODLCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc, ot Bay City.
SAN FRANCISCO. May l. (state Divi
sion of Markets.) Poultry Broilers, 310
55c; young roosters. 2547c; old, 1320e;
hens, 2233c; ducks. 2420c: live tur
keys, 32035c: dressed, 36044c.
Fruit Apples. 9 and 4 tier. $1.6003.50:
naval oranges. $5.2507; Valencia, $6.25ra
6.75c: lemons. 1405.75: loquats, 10015c:
grapefruit. $3.5004.50; strawberries, crate
81.7502.25.
Vegetables Artichokes. large crate, $-50
8: asparagus, pound 410c: beans, pound,
1517c; carrots, sack, $2.7503; celery,
crate. $24; cucumbers, dozen, $1.5002.50;
lettuce, crate, 75c0$1.5O: mushrooms,
pound. C075c; olives, pound. 6 to 8;
white onions, crate, $2.25f?2.50; yellow,
$202.25; parsnips, sack, $303.25: peas,
pound, 307c; potatoes, $1.8502.75: new
potatoes, pound. 4 to 8; rhubarb, pound,
I to 5; summer squash, crate. $1.2501.75;
spinach, pound, 103c; turnips, sack, $1.75
& -'.
Naval Stores.
SAVANNAH. Ga . May 1. Turpentine,
steady, 82c; sales, 250: receipts, 578: ship
ments. 899: stock, 2163.
Rosin, firm: sales. 404; receipts, 1807;
shipments. 2059; stock. 52.878. Quote: B.
$4; D, E, $4.10; F, $4.13; G, H. I. K. $4.20;
M. $4.50; N, $5; WG. $5.50; WW. $5.75.
Dried Fruit at New Tork.
NEW TORK, May 1. Evaporated apples
quiet, state. 18W02OC.
Prunes firm. California, 7018,,xc; Ore
gons. 6 0 15c.
Peaches, extra choice, 161x017c; fancy,
11) is 020c.
stockyards were
Cattle
Choice eteers
Medium to good steers
Fair to medium steers
Commor to fair steers
Choice feeders
Fair to good feeders '..
Choice cows and heifers. ... . .
Medium to good cows, heifers
Fair to medium cows, heifers
Common cowa
Canners
Bulls
Choice dairy cowa
Prime light calves
Medium light calvea
Heavy calves
?S"he.vy;-Wo"iOo-lei
Smooth heavy. 300 lbs. up
Rough heavy
Fat pigs
Feeder pigs ' '
Stags, subject to dockage
Sheep
Best spring lambs..
Medium spring lambs . .
Common spring lambs .
East-of-mountaln lambs
Best valley lambs
Fair to good
Cull lambs
Eastern Oregon feeders .
Light yearlings
Heavy yearlings
Light wethers
Heavy wethers
SAN FKANCISCll. Ma 1 (I S Hill
f Markets.) Butter, extras, 6c
prime firsts, 35',sC.
Eggs Extras. 28c: extra pullel.. Sac
extra puilct firsts. 23,,sc; undersized pu!
lets No. 1. 20c.
Cheese California flats, fancy, lie ; d'
firsts. lOisc; Toung Americas, fancy. 24c
NEW TORK. May 1. Butter steady
creamery, higher than extras. 4O04oi-r
do, extras, 89c; do, firsts. 3 , 0 39e ; ...
ing stock, current make. No. 2, 21 0 22'
Eggs, steady; freah gathered extra fin
27 27c.
Cheese, weak; atate whole milk fist.
17017c; do, average run, 164c; teln
170174c: do, average run. 1040.
LIlllJAOU, May 1. Duller lower; crram
erv extras. ,i,v.c: no. nr-t- o.irvoic.
seconds, 81032c; do standards. 3ic.
l-.Kgs mailer; f-.i,,!, s.in re.
firsts, 234c; ordinary do. 214 0 22c. t
cellanecus. 224 023c: storage packed,
traa, 254 c; do. firsts, 25c.
local ranch, white shells, 2tc; do, mlxe
colors, 24c: pullets, 23c.
Butter City and creamery cubes, 37
do, bricks or prints, 38c.
Cottonseed Oil.
Cottonseed oil futures st New Tork ful
nlshed by Herrin & Rhodes, Inc.. Por
land. Or.:
f.v 1 11 ItStfr 1 1 70- .tun. 1115...
July. $11.83011.66: August. $1150 r 1
September. $11 54011 .83; October. 'i
8.99: November, $9.70 0 9.79. Total
Price.
I 7.75s 8.25
7.00 7.75
8.280 7.00
5.250 6.25
5.00ftl 6.110
4.500 6.00
0.50 0 7 00
6.50 0 6 50
4.750 8.541
8.750 4.75 1
2.250 2.15
8.5O0 5.00
B.OO0 9.00
7.00 0 8.00
6.500 7 00
4 50 0 6.50
11 00011.50
1O.00 11.00
9 OO0 10.0(1
7.0Oft 1 I.:"'
11.00011.25
11.00011.25
. 5.000 7.50
13. 00014. 00 ,
10 00 13.00 I
. 6.00010.00
13 000 14.00 ;
12OO013 00
10 000 11. OO
6 000 8 on
9 OOifr 1IMMI
9.00ft? 10.50
9 OOftt 10.50
9 00010 on
9.000 9.50
Chicago Livestock Market.
CHICAGO. May 1. (United States
reau or Maraers. j atvic.
pack
$9.15:
and Blockers
Bu-
000 ; beef
steers slow, few early sales strictly choice.
about steady; others iwrrioc i"-r,
Ing. 13 0 28c lower; top heavy steers.
,.11. T -.O-fr S 50 She Stock
scarce, about steaay: ouns
higher; few early sales veal calves, $7,500
7 75; look 25c lower: quality plain.
jlogs 49,000, fairly active; big packers
doing little; undertone, weak : moetly 100
15c lower than SaturTlay'a average; top.
$1065; bulk. $10.10010.80: pigs strong:
bulk good 1000180-pounders. $8.78010.40
Sheep 15.000. market opening slow,
around steady; undertone weak; early top
shorn lambs. $14.75; bulk. $14014.50; best
California aprlng lambs held at $17.50;
S. S. Kresge Co.
199 5-and-lO-Cent St.
5 ' I i , 2 M
1 j HI 2
This business has developed
since looo from 42 stores wilh
gross sales of $5,116,000 to 1K
stores in 1021 with gross sale
of $55,859,000.
A review of this Company !
results demonstrates that:
I. Notwithstanding Ih. jen n
nee, deprrM-.oa. selal ana aeeni.
in 19x1 were tea(rr taaa sn
r -- ' 1 year.
a. Rsraisgt available for 4iri4tn'
la lost are likely la eace
prrvioet reeor4t.
The 1022 edition of our Krrzr
pamphlet may be bad op appli
cation. Send for Cirrular F'O-O'i
George H. Burr & Co.
V. 1$. Nai l Rk. Rldg.. Portland
St Lotn
Hanor I
8aa Fraoeuee
Ifew Tork
l'..l-
Rotten
.s. ari -