THE MORNIXG OREGONIAN, SATURDAY, MAT 6, 1922
21
MODERATELY ACTIVE
Features of Sinking .Charac
ter Are Absent.
SALES EXCEED MILLION
Outside Developments Are Re
ported to Be 31ildly Favorable.
Foreign Exchange Strong.
BY MONITOR.
(Copyright by the Public Ledger Com
pany. Published by Arrangement.)
NEW YORK. May 5. (Special.) Aside
from examples of special strength among
comparatively small number of Issues,
today's stoCK market presented few trad
ing features of a striking- character. The
market was, only moderately active, with
toia. sales, however, well in excess or
million shares, a volume which has come
to bo considered rather moderate. Al
though advances largely exceeded declines
the gains were confined, chietly to trac
Uor.s.
Outside developments were of a mild!
favorable character. Money was easier,
' with a return in the call rate to Zh per
cent after renewing at 4 hi. Foreign
changes were strong and sterling in Its
rise to 4.4.4. touched the highest figure
ince 1919. The strength or tne exenange
lias been one of the features of the in
tsrnational financial situation that has
served to prevent premature pessimism
over the friction at uenoa.
The decline In the federal reserve ratio
from 78.3 per cent last week to 76.7 is
interpreted largely as a result of the shift
ing or balances aue to tne large payments
en the first of the month. The decline
lh the call rate is taken as a sign that
the effect of this movement Is over and
that money rates once more will seek their
own level.
mm
It Is, of course, possible that the In
crease in rediscount and note circulation
point to trade expansion, but the general
view is that the recent large security
flotations have been responsible fpr the
changes In these items.
FHirther declines occurred today in some
of the petroleum issues that have been so
heavily exploited lately and the advances
of today took place chiefly in the special'
ties and a few or the rails, boutnern Pa
cific and New Haven were distinctly
strong. Spirited upturns took place in
Maxwell Motors. Consolidated Gas. J. Kay
Her, Vanadium, Rand Mines ind Posturn
Cereal. The tobacco shares a. so displayed
more activity and strength than for some
limn.
Pittsburg & West Virginia, one of th
leaders in the rail group, today was being
bought on the theory that earnings since
January 1 are very much better than
those of 1921. The March net of this
company was $05, OIK. This company
benefiting greatly by the fact that it
hauied considerable coal before the strike
beg a n and is receiving Increased traffio
! steel products.
United States Realty established a new
high for the year at 87 and the close
At 66 showed a net gain of 2 points
lor tne day. 1 ne riscaj year closed April
HO, was thr mnt successful in the history
of the company, but it is generally be
lieved tnHt wim a continuation of opera
tlons at the current rate, 1922 should be
ven better.
ChVsapeake &. Ohio was fractionally
higher In moderate trading here today,
although current operations of the com
pany are showing very good results. As
quarter earnings were $4.04 per share, or
an annual rate of $12.15. as compared
with actual earnings of $6.68 per share
In 1921. March gross of the company was
$7,832,296. an Increase of 10 par cent over
the same months a year ago.
m m m
Columbia Cos & Electric touched 89 i
today, this being a new high record for
all time. The close at 89 showed a net
aln for the day of one point. It is be
ttered here that current earnings whjah
are running1 at the rate of $13.50 a shve,
justify mora than the present $6 annual
dividend.
a a
Otis Steel is now operating at or very
near full capacity and it is reported that
the only effect that the coal strike has
had upon this company has been the de
lay la blowing in of pig Iron furnaces.
Money was again easier today and
. dropped back to per cent, going a
tep further on the promise held out by
bankers last week that the weak-end
advance would only be a flurry. Time
money rates are still unchanged at 4
for short maturities and 4U for longer
terms. This is one of the factors which is
austalning the constructionist element in
their hope that the advance may be ex
tended further before a real profit-taking
raaction may be logically expected.
m m m
Steel stocks, especially those mentioned
In the coming steel merger, are rather
qnlet. Officials and engineers of the seven
companies Inspected the plant of the Re
public Iron & Steel company today and
tomorrow are expected to take in the Briar
Hill plant.
a a a
With advances from the raw wool mar
kets becoming more optimistic daily, buy
ing of American wool has been of a very
good character and the issue added an
other point today. Accumulation of the
atock Is based on the report that at the
present time the American woolen plant
are operating at about 85 per cent of ca
pacity .
C R I & P ref 4s 1935 824
olo Sou rf ex 44s i3o
Colo Sou 4s 1929 92
Del & Hudson cv 5s 1935 96
Del 6 Hudson 7s 1930 109
D & R G cv 4s 1936 79
D R & G ref 5s 1955 48
fih-ie P L 4s 1996 64
Erie con 4s A 1953 49
Erie B 1953 49
Erie D 1953 51
Erie Pa C G 4s 1951 87
Gt Nor 4 8 196 1 90
Gt Nor 7s 1936 109
Gt Trunk 6s 1936 104
Gt Trunk 7s '. 1940 113
111 Cent Jt 5s 1963 97
111 Cen ref 4s 1955 87
K C Sou ref 5s 1950 88
Keo A Des M 1st 5s 1923 90
L S & M 8 4i 1931 92
1. fc N 7s 1930 107
L, & N' uni 4s 1940 90
M St P & S S M 63 1946 102
M K ft T 4s 1990 81
P gen 4s 1975 65
M P ref 5s 1923 100
M P ref 5s 1926 98
NYC deb 4s 1934 90
M Y C con 4s 1998 83
NYC ref imp 4V-S 2013 87
N Y C cv deb 6s 1935 102
NYC coll 7s 1930 107
N Y X H ft H cv 6s 1948 83
M O Tex ft Mex 5s 193D o?
N P P L 4s 1997 86
N P 6s 2047 86
N P Gt. Nor Jt 6s 1936 106
O S L ref 4s 1929 91
Penna 6s 1936 109
Penna gen 4s 1965 90
Penna 4s I960 97
Penna gen 5s 1968 99
Penna 7s 1930 109
Reading gen 4s 1997 85
S A L. 4s 1950 61
S A L 5s 1949 25
S A L 6s A 1945 58
Sou Ry con 5s 1994 95
So Pac cv 4s 1929 91
So Pac ref 4s 1955 87
So Pac sf term 4s 1950 82
S P conv 5s 1934 101
St L .& S F, P L 4s A 1950 73
St L ft S P gen 5s ..1931 98
St. L. & S F. P L 5s B 1950 88
St L, ft S F gen 6s 1931 103
St. Li ft S F adj 6s 1955 81
St Li ft S F inc 6s 1960 69
St L ft S W 1st 5s 1952 81
St L ft S W con 4s 1932 76
St L ft S W 1st 4s 1989 78
Tex Pac 1st 5s 2000 95
Union Pacific 1st 4s 1947 91
Union Pac cv 4s 1927 94
Union Pac ref 4s 2008 86
Union Pac &a 1928 103
Union Tank 7s 1930 103
Wabash 1st 5s ...1939 97
Wabash 2d 5s 1939 86
West Pac 5s 1946 87
Industrials
Am Agr Chem 7s 1941
Am Smelting 1st 5s 1947
Am Tobacco 7s 1922
do 7s 1923
Armour 4s 1939
Bethlehem Steel 7s 1923
do ref 6s 1942
Cerro de Pasco 8s 1931
Chile conv 6s A 1932
do conv 7s 1923
Columbia Graph Ss 1925
Copper Exp 8s 1923
Colorado F & I gen 5s 1943
Colorado Ind 5s 1934
Cuban Am Sugar 8s 1931
Cuban Cane conv 7s. 1930
uutluen becur conv 5s 1927
BONO MARKET IRREGULAR
TRACTIONS OXLY DOMESTIC
ISSUES TO HOLD CP.
Diamond Match 7ss 1931
Dupont 7)4s 1931
Empire Gas Fuel 63 1924
Kisk Ss iftAi
Gen Electric deb Gs 1952
do 6s 1&52
Goodrich 7a 1925
Goodyear 83 1941
Heinz 7a 1930
Hershey 7 4s 1930
111 Steel deb 4s 1940
Ind Steel 03 1952
Int Agri 5a i32
..1941
. .1931
. . 1 930
..1923
. .1950
. .1951
. .1944
. .1951
. .1944
. . 1 036
. . 1930
. .1923
..1940
. .1922
. . 1951
. . 1941
..1947
. . 1930
. .1963
..1923
. .1932
. .1922
. .193S
. . 1936
. . 1841
. .1928
..1925
..1931
..1925
. . 1929
. . 1946
: .1925
. . 1 1H0
. .1945
. .1937
. . 1 966
. .1966
. .1966
. . i:j:
. .1958
. .1966
. .1930
. .1943
..1341
Coppers as a group have been holding;
rather quiet but such stocks as Kenne
cott. Utah. Anaconda and other leaders
how the effect of accumulation. Export
demand for copper metal continues strong
and the. slow hut steady improvement In
tha entire metal industry is showing no
let-up. Demand for steel has been very
ffocwl and the. same actuating causes be
hind this demand also mean potential
demand for copper.
The Woolworth report, issued today,
ahowed record-breaking business for
April as well as for the first four months
of the year. The showing made in April
alone, amounting to $15,448,943. repre
sents an increase of J2.471.469. It Is gen
erally believed that 1922 earnings should
stab ish a new high record for the com
pany, which is now operating 1155 stores.
This includes IS new stores which have
opened up since January. The company's
financial position is also very strong and
at the present time cash on hand amounts
to about $9.0IM.)OO. the company being
free of loans of any kind.
Maxwell Motors A-l, advanced th-ee
points today with the B stock up one
half poini. This company is at present
turning out about 7IUM1 cars a month with
business improving at about the same rate
as that of the other low in the motor
companies. It Is said that the new model
or the company Is responsible for the in
crease in orders.
Int Marine
Kelly Springfield Ss .
Kennecott 7a
Lack Steel 5s
do 1st 5s
Liggett & Myers os. .
ao is
Loriilard 5s
do 7s
Midvaie 5s
Morris & Co 7s
Procter & Gamble 7s.
Uepublic 1 & S 5s. . . .
Sears Roe 7s
Steel & Tube 7s
I'ni Drug 8s
U S Ru 1st ref 5s . . .
do 7V.S
U s Steel sf 5s
Va Chem 5s
Va Car Chem 7s ...
West Elec 5s
West U T col Tr 5s. . .
West Union 6s
wnson 1st os
63
West Eiec 7s
Westlnghouse 7
udiic utilities
Amn I.t & Tran 6s . . .
Amn Tel coll 4s
do ,s , ,
Amn Tel 6s
Bell Tel of Pa 7a
B R T 5s
I Gas uni 5s
Cities Service 7s B ...
City Service 7s C
do 7s D
Con Gas cv 7s
nt Met 41-s
Int R T ref 5a
Laclede Gas 7a ,
Mont Power 5s A ....
Northwest Tel 7s .
Pac Tel 5s 1937
Fac Gas 5s 1942
Oil bonds
Anglo Amn 7Ha 1925
Atlantic Kef 6V.3 1931
Pan Amn 7s 1930
Mex Pet cv 8s 1936
clalr 1 ',;3 1925
B O Cal 7s 1931
Tidewater Oil 64s 1931
Foreign government bonds
Argentine 2d 7a 1923
do til os 1945
Belgium Ss 1940
Bergen 8s 1945
Herns Ha 1945
Christiana 8s 1945
uuenhacen 5'?3 1944
Danish consol 8s 1946
French cities 6s 1934
Rus ruble 64s 1926
Swedish govt 6s 1939
D S Mex 4s 1954
do ext 5s 194."
Uruguay ext 5a
Zurich 8s 1945
Foreign government city bonds
Berlin 4s
ireater Berlin 4s
Hamburg 4s
Bremen 4s ...
Cologne 4s
Dresden 4s
do 43
Dusseldorf 4s
Frankfort 4s
Leipzig 4a
do 4VaS
Munich 4s
Stuttgart 4s
Essen 4s
Bremen 4s
Hamburg 48
French internal 4s 1917
do victory 5s 1920
Belgian restoration 5s
British 2lj per cent consols
Ital Cons war loan 5 per cent
Curb bonds
Allied Packers 6s
Am Tel - Ten 6s 1922
do 1924 1924
Anaconda Copper 6s
do 7s .
Anglo-Am Oil 7118
Armour A Co 7a
Beth Steel 7a 1935
Copper Ex Aasn Ss ll'lll
do 83 1925
Galena Signal Oil 7s
Grand Trunk 69
Gulf Oil Co 7a
Humble Oil 7a
Inter Rapid Tran 7s
l.ibby McX & I.ibby 7s
Rears Roe 7s 3-year 1923
So est Tel 7a
Stand Oil X Y 633 1933
do 7s Mag
Swift & Co 7s 1925
do 7s 1931
Texas Co 7s notes ...
Vacuum Oil 7s
Bid.
105
84
44 4
108
107
100
106
99
loey.
100
116?,
104
102
aovi
89
80
99
10S
106-S
99
90
85
104
84
114
80
104
101
95
101
102
1084
sn
108
102 '4
99
89
100
99
110
99 V.
82
107
107
106
Demand for Liberties Falls Off
British IiOans Favored by
Higher Sterling Rates.
NEW YORK, May 5. Today's bond
market was dull and irregular, except for
the further activity and strength shown
by local tractions.
Brooklyn Rapid Transit issues continued
to advance on deveiopmenta Indicating less
ening of the financial strain that re
sulted in the company's organization.
Buying of liberties was decidedly lighter.
The entire series, barring the 3s and first
4s, closed unchanged or at trifling deciines.
Foreign war issues followed a similar
course, although the British loans of 1922
and 1928 strengthened on the high Quo
tations for sterling exchange. French 7s
and Ss showed occasional heaviness, while
Japanese and Mexican offerings were
steady.
Chicago & Eastern Illinois 5s: were
strongest of the rails, but transportationa.
aa a rule, closed at mixed gains and
The day brought two new underwritings
of more than ordinary volume. A $3,
000.000 Utah Power & Light 6 per cent
gold debenture and ?S,500,000 Remington 6
per cent first mortgage bond Issue were
oversubscribed.
Total bond sales, par value, were ?14,
597,000. Renewed selling for both accounts, in
which profit-taking seemed to be most ef
fective, accounted chiefly for the inter
vals of hesitancy and comparative dull
ness manifested by today's stock market.
Dealings during the early and inter
mediate periods were smaller and more
circumscribed as to separate Issues than
at any time since last March. The more
active pace of the later operations, how
ever, lifted tne day s total transactions
to 1.125,000 shares.
Oils, as a group, again dominated the
list in prominence and strength, notably
the secondary domestic shares. High
nriced oils cave way in the final hour, re
acting one to four points from previous
maximums.
What promised to be a formidable set
back toward the close was checked by a
sudden demand for rails, including South
ern Pacific, New Haven and a few coalers,
of which Pittsburg & West Virginia was
moat conspicuous.
Tobaccos, textiles, sugar specialties and
the local tractions and utilities were one
to two points up at their best, but in
many instances these gains were Impaired
or entirely cancelled.
Shippings were under pressure an au
thoritative statements wnicn uepieraicu
ri-mors of an early resumption of the div
idend on Mercantile Marine common. Sell
ing of May department stores followed
the failure of the directors to declare an
exoected "extra" dividend.
Both domestio and foreign monetary
conditions were heloful to the stock mar
kefs constructive side. Call loans opened
and renewed into next week at 4 per
cent, but dropped to 3 per cent in tne
afternoon.
Exchange on London rose steadily to
S4.44 for demand bills, the highest rate
for this remittance in hnore than two
years. All continental quotations were bet
ter, albeit gaina in the allied group were
relatively nominal. South American rates
hardened, a belated response to yester
day's successful offering of the Brazilian
loan here.
CLOSING STOCK QUOTATIONS.
Furnished by the Overbeck & ' Cocke
company of Portland:
Nor Amn
Nat Biscuit . ..
Nat Enamel. .
Nat Lead
Nevada Con. . .
New Haven...
Norf & West..
Nor Pacific. . .
Nov Sco Steel.
N Y Air Brak
N Y Central. .
Okla Prod Ref
Ontario Silver
Otis Steel
Pacific Dev. . .
Pac Gas & El.
Punta Allegre
Pacizio oil. . .
Pan Amn Pet.
do i3 .
Penna
Peo Gas . .
Fere Mara
Pure Oil 4,000
Phillips Pete.. 3,000
Pierce Arrow. 7,200
Pierce Oil 6,900
Pitts Coal 1,300
Pitta it W Va. 6,100
Pressed St C. 300
Pullman
Ray Cons
Reading
Remington . . .
Reologle Steel
Republic I & S
700
"766
500
700
46.100
800
2,000
' 300
4.200
700
1,200
500
5,700
700
3.300
51.600
0.700
2.600
1.700
300
1.500
1,000
1.800
5,600
500
2.300
5,400
58
40
93
17
28
107
79
81
S
28
14
10
71
40 T4
67
65
58
42
87
32
34
44
22
10
64
34
80
124
16
78
35
31
64
58
'46" '
83
16
27
106
7
80
3
28
.14
8
70
40
65
1)4
57
41
87
32
33
43
21
10
63
33
78
123
16
77
84
01
U4
0S
151
40
83
17
28
106
30
78
80
3
28
14
9
70
40
66
64
67
41
87
32
33
43
22
10
63
34
79
123
16
77
34
31
64
do pf d 88
81 1
8S
108
64
nr.
137
97
91
118
IS
74
99
85
106
87
82
103
103
ion
105
104
106
103
100
85
10C
110
112
111
83
110
87
4
102
57
07
74
113
3
3
3
4
4
3
4
3
4
4
4
4
3
4
4
3
58
71
76
53
43
79
100
101
100
1 !.'!
102
102
103
103
105
104
101
97
98
101
102
Hlti
105
101
102
101
101;
OENKBAL BUSINESS HAS GOOD TONE
Buying Long
Unexpected developments in the con
dition of H-nry P. Davison of J p
Morgan A Co. have made necessary a
second operation, which will be performed
at noon tomorrow at Mr. Davison's country
home at Glen Cove. L. I, "
New York Bonds.
Furnished by Ilerria & Rhodea. Inc
Portland.
Railroad bonds
JLtch gen 4
A C L 4s
M Z, 7a
B O gold 4a
B O con 4 a cv
B O ref 5a
Canada Southern 5a . .
Canadian Nor 6s ..
Canadian Nor 7s.....
Cent Pac 1st 4s
Chgo N West 6 ...
Ches & Ohio cv 4s
Chea tfc Ohio gen 4s
Ches & Ohio cv 5a
Chea & Ohio con 5s . .
C B 4 (3 111 dlv 4a . . .
C & West Ind 4s
C O &. V 4s
C M & St P 4s
C M & St P cv 4c .
C M & St P deb 4a .
C M St P gn 4a A .
C M & St P cv 5s . . . .
C M & St Px&r 4 '-8 .
Chgo N W gen 4s
Chgo N W 6s
ChaTO N W 7
19S0
1948
1933
1995
1962
1946
1940
1949
1936
1930
1992
1946
1939
1949
1952
1959
1925
1923
1934
1 S99
2014
2014
1 987
1936
1830
88
106 hi
81
Sl
85
98
112
114
Mi
109
88
88
91
99
80
74
62
80
55
77
76
68
86
109
M7
Delayed at Last Made
Neceshary.
NEW YORK. May 5. Dun's Review to
morrow will say:
Constructive elements that have been
gathering force for sometime past are now
exerting a more potent influence on gen
eral business. Improvement in sentiment,
which "has recently become clearly de
fined, 13 aupported by actual gaina in
transactions, both in number and in mag
nitude and unsatisfactory phases are less
conspicuous.
Practically without exception, basic in
dustries reflect renewed activities, metals,
lumber, textiles, hides and leaders in other
important lines all disclosing revival and
many pricea are at higher levels.
Notwithatanding keen competition for
orders in different quarters, wholesale mar
kets are more favorable to sellers and
the trend toward firmness may conceiv
ably be carried further. From a condition
of hesitation and waiting, buying in va
rious channels, although continuing con
servative has quickened and broadened and
diversity of demand la a more noticeable
feature. Purchasing had been so long de
layed in many instances that replenish
ment of supplies waa finally necessitated
and operations of this character constitute
much of the current business.
Weekly bank clearings were $7,690,931,000.
Record Price for Curb Seat.
NEW YORK. May 6. A new record has
been made for a seat on the New York
curb market Yesterday a membership was
sold for $6900. The previous record, made
a tew weeks ago, waa teooih
Adams Exp . .
Advance Rum.
do pfd
Agr Chem ....
Ajax Rubber. .
Alaska Gold .
Alaska Juneau
Allied Chem .
Allis-Chal
do pfd.-
Am Beet Sug.
Am Bosch . . .
Am Can Co . .
do pfd
Am Car &. Fd
do pfd
Am Cot Oil . .
do pfd
Am Dr Synd ..
Am H & L . .
do pfd
Am Ice
Am Intl Corp..
Am Linseed . .
do pfd
Am Loco
do pfd
Am Saf Razor
Am Sh & Com
Am Smelter . .
do pfd
Am Steel Fdy.
Am Sugar . . .
do pfd
Am Sumatra .
Am Tel & Tel.
Am Tobacco . .
do "B"
Am Wool ....
do pfd
Am W P pfd..
Am Zinc
Anaconda ....
Assd 'Oil
Atchison
At Cst Line..
Atl G & W I. .
Baldwin Loco.
do pfd
Balto & Ohio..
do pfd
Barns Corp . .
Beth Steel "B"
Booth Fish . . .
B R T
Butte C & Z.
Butte & Sup. .
Burns Bros. . .
Caddo Oil
Calif Packing
Calif Pet 1,500
do pfd
Canadian Pac.
Cen Leather . .
Cerro de Pasco
Chand Motor .
Chic & N W. .
Chi Gt W
do pfd
Chill Cop
Chino
C M St P
do pfd
Coco Cola . . .
C & O
Colo F & I. . .
Colo So
Col Gas & El.
Colum Graph
Con Gas ....
Cons Cigars ..
Cont Can ....
Cit Ser Bkrs..
Corn Prod . . .
do pfd
Cosden Oil ..
C R I & P. . .
do A pfd.
do "B" pfd.
Crucible
do pfd
Cuba Cane . ..
do pfd
Cub Am Sug.
Del &. Hud...
Dome Mines...
Del t Lack...
Dav Chem . . .
Endicott John
Erie
do 1st pfd...
Elec Stor Bty
Fam Play . . .
Fed Min & Sm
do pfd
Fisk Tire . . .
Gaston Wma .
Gen Cigars . .
Gen Elec ....
Gen Motor
Gen Alden
Gen Asphalt-. 2.100
Goodrich 1,500
Goodyear ....
Granby
Gt Nor Ore. . .
Gt Nor pfd . .
Green Can . . .
Gulf S Steel. .
Houston Oil. .
Hupp Motor...
Ills Cent
Inspiration . ..
Int Agr Corp
Iivterboro
do pfd
Interstate Call
Int Harv- ....
Int Merc Mar.
do pfd
Int Nickel . . .
Int Paper . . .
Invincible Oil.
Island Oil ...
Jewel Tea . . .
K C So
do pfd
Kelly Spgfield
Kennecott - . .
Keystone Tire
LacKa steel..
Lee Tire
Lehigh Valley.
Loriilard
Loew Theaters
L & N
Marland Oil. ..
Mar & Parry-.
May stores
Mex Pet...
Miami
Mid States Oil
Midvaie Steel.
M K & T. Wi .
do pfd
Mont Power...
Mont Ward. . .
Mo Pac
do pfd
USIFa SSM
Sales. High. Low. Bid
300 64 64 64
18
46
90O 40 39 39
1,800 17 17 17
1.000
1
10,400 68 67 67
4.900 49 48 48
500 99 98 87
1,200 40 39 39
700 47 46 46
900 48 48 48
104
600 162 161 161
119
2,500 27 26 26
65
200
300
300
300
800
1.100
400
1.900
1,606
700
1.40O
200
2.200
2,100
200
600
600
4,300
3.300
1,000
500
400
100
2,400
500
2.100
1,500
1.800
12,500
5,600
100
000
3.400
6s.H0
' '766
3.100
500
500
3,100
L10O
600
3,500
1,100
700
300
6,100
400
2,300
2,700
2,900
2.000
6.S00
'6.466
4.400
22,700
200
200
'f266
100
9.200
5.400
"'266
2,600
200
600
700
1,400
"l666
200
1,700
900
3,900
600
1,300
3,000
' "266
3.300
106
46
34
56
116
18
58
OS's
39
76
102
35
122
143
139
91
108
33
1S
53
12S
10O
103
36
118
'47
BOS
53
78
30
17
13
78
58
142
38
37
TO
75
9
22
20
14
66
106
45
33
55
115
88
39
75
102
34
122
141
137
92
108
33
18
52
128
99
101
36
117
"47
60
63
77
25
' 36" '
137
13
65
33
'89
4
120
25
60
i03' '
116
44
45
'si
66
93
1.300
300
. .. 12.000
2.500
115
61
84
13
23
173
82
"44 '
19
'72
163
12
51
63
41
67
141
37
37
74
74
9
22
1
28
26
43
55
64
32
"88"
4
117
66
iot
116
43
44
81
64
92
13
33
21
'27
115
60
84
13
23
170
81
44
18
162
12
48
62
41
600
600
3,1X10
200
1.300
9.SO0
300
400
400
200
7,400
2.5O0
2,200
200
6.300
4.000
3.100
1,600
700
7,200
S00
1,600
15.300
7.400
1.900
200
3.500
800
3.800
200
4.S00
1.200
900
19.200
800
4,800
3.900
3.700
1.200
100
3.530
1.200
3.100
100
27
39
76
31
85
83
18
105
41
11
2
6
7
96
84 )
18
52
17
1
21
28
'i3
34
24
59
34
63
152
17
119
31
120
133
29
15
27
39
75
31
83
81
18
104
40
11
2
5
7
96
24 u,
S3
1T
51
17
21
27
52
33
23
58
33
62
150
17
119
30
31
119
130
29
14
37
17
40
72
21
23
56
60
15
66
106
45
33
54
115
116
7
17
6-7
98
39
75
102
34
1 22
142
138
93
lOS
32
18
62
128
100
102
36
117
112
47
60
53
78
7
26
7
34
137
13
78
57
96
142
37
37
S
22
10
28
27
43
63
63
33
49
89
4
120
65
24
102
113
44
45
86
81
65
82
15
33
21
121
27
115
n.
84
13
23
171
81
12
44
19
163
12
60
63
41
13
39
75
31
83
82
18
105
40
11
2
B
7
96
25
84
17",,
51
17
21
28
67
53
33
23
59
33
63
151
17
119
30
31
119
131
29
14
37
17
40
72
21
23
57
60
Republic Mot. 1,200
Koyal D uit.. xu.zuu
Ry Steel Sprg 200
Saxon Motors
Sears Roebuck 1,000
Shattuck, Ariz 4,500
Shell T & T. . 700
Sinclair 20,400
Stand Oil Ind
Stand Oil N J 10,100
SIoss Shef 100
Sou Pacific . . 22,200
Sou Ry 1.400
Stand Oil Cal 8,600
St L & S F. . TOO
Stromberg Crb 4,000
Studebaker .. 18,000
Swift & Co
Tenn Cp & Ch 300
Texas Oil 18,900
Texas Pacific. 400
Tex Pc C & O 11.500
Too Prod'cts.. 2,300
Tran Con Oil.. 4,500
Union Oil Del. 30,400
Union Pac . . . 2,700
United Alloy.. 100
United Fd Prd 40O
United Fruit.. 200
Union B & P
U S C I Pipe
Uted Ret Sts 2,600
V S Ind AIco. 900
U S Rub 2,100
do 1st pfd. . 200
U S Smiting.. 400
U S Steel 10,500
do pfd 200
Utah Copper. . 1,300
Va Chem 300
do pfd 100
Vanadium Stl 5,700
Vivandou 10,000
Wabash 3,100
do A pfd. . . 1,600
do B pfd. . . 100
Well Fargo . . 100
Western Pc
do nfd
Western Union 100
Westhous A B 200
do E & M. . 1,400
West Md 1,000
White Motors. 1,200
Willys-Overld 1,400
do pfd
Wilson Packg. 100
Wisconsin Cen
Woolworth . . 300
Worth Pump . . 400
W & L E 4,900
White Oil 1,100
8
85
101
'75
9
47
33
107'
194
44
92
25
117
30
55
121
102
11
49
34
81
68
12
23
13S
34
5
142
81i
63
101
'75
8
46
32
106
189
44
80
24
113
30
54
118
102
11
48
34
32
68
11
22
137
34
5
142
53
50
66
105
40
97
119
65
35
79
44
13
11
32
21
78
52
49
63
105
40
97
118
64
85
79
41
13
10
31
21
78
9S
96
61
11
49
8
98
95
61
11
48
T
46 46
160
52
11
160
62
12
10
64
101
3
75
8
47
32
106
189
43
91
24
115
SO
641.,
120
1U2
11
48
34
bO'-s
68
11
23
ii'- s
34
5
14L
M
34
62
49
65
104
39
97
118
CO
?4
78
43
13
11
31
21
78
21
98
95
61
11
48
7
39
45
28
160
52
12
10
Allouez 25
Arcadian 3
Bingham Mines ............. 15
Balakalia 3
Cal & Arizona 59
Calumet & Hecla 270
New Corn 17
Centennial 10
Copper Range 43
Davis Daly 8
Daly West 2
East Butte 11
Franklin Mining 2
Hancock 3
Helvetia 1
Island Creek Ill
Keewanaw 2
Kerr Lake 3
Lake Copper 4
La Salle 1
Michigan 2
Mass Con 3
Mohawk 57
May Old Colony 5
Mason Valley 2
North Butte 12
Nipissing 5
North Lake 30
Old Dom Cop 23
Osceola Mining 34
Obiiawa 2
Quincy Mining 43 'A
Pond Creek 21
Isle Royalle 23
South Lake 45
Sup. Boston 1
South Utah 3
Trinity Copper 2
Tuoloumne 65
United Shoe Mach 41
do pfd 25
Utah Metals 1
Utah Con 2
U S Mining 40
do pfd 45
Utah Apex 3
Ventura 29
Victoria 1
Winona 1
Wolverine 12
Wyandott 40
Shannon 90
26
3
15
5
60
ii
12
44
8
3
11
2
3
1
112
I
4
4
3
3
58
5
2
13
6
50
25
38
3
44
21
24
45
1
5
2
70
41
26
1
2
41
46
3
29
13
SO
100
Liberty Bond Quotations.
Liberty bond and victory note quota
tions furnished by the Overbeck & Cooke
company. Portland:
Liberty 3s
do 1st 4s
do 2d 4s. . . .
do 1st 4s..
do 2d 4s. .
do 3d 4s. .
do 4th 4s. .
Victory 4 s...
do 3a
Open.
88.3."
. 99.70
. 9.9.48
. 99.82
. 99.84
High.
80.52
99.90
99.50
99.84
Closinf
Low. Bid.
99.36
89.70
99.44
99.76
99.82
100.56 100.60 100.54
99,36
99.60
98.40
89.70
89.48
99.78
Mi.SS
100.56
100.02
Money, Silver, Etc.
NEW YORK, May 5. Call money, easier,
high. 4 per cent; low, 3 per cent; rul
ing rate, 4 per cent; closing bid, 3 per
cent; offered at 3 per cent; last lean,
per cent. Call loans against accept
ances, 3 per cent.
Time oans. firmer tiu aays, -twfz
per cent; 90 days, 44 per cent; six
V (a,4 per cent.
mercantile paper, 44 per
months.
Prime
cent.
May
-Bar silver, 33d per
LONDON
ounce.
Money 1 per cent.
Discount rates, short and three-months
bills, 2 5-162 per cent.
Swift & Co. Stocks.
Clnctnir nrices of Swift & Co. stocks at
Chicago were reported by the Overbeck &
Cooke company of Portland as follows:
Swift & Co 11
National Leather -
o new 7f
Swift International o??
Libby -"
SHARP ADVANCE IN STERLING RATE
Exchange Quotation nt Highest Foint in
Nearly Three Years.
NEW YORK, May 5. Sterling exchange
rutes here today reacnea tne nigneue iiumi
in nearly three years, demand bills selling
at $4 44, an overnight advance of 1
center." Heavy buying here and in London
to meet cotton and grain requirements,
and the excellent condition of the British
trade balance were believed to be re
sponsible for the improved rates. Other
continental rates were firm to strong, most
of them making fractional advances.
Sterling rates have been improving for
several weeks. Ttie low record was made
February 4, 1920, when demand bills fell
to $3 IS and international currencies gen
erally were in a state of collapse. The
normal pre-war par rate on sterling la
$4.86.
Foreign Exchange.
Foreign exchange rates at the close of
business yesterday furnished by the North
western National bank of Portland. The
amount quoted in la the equivalent of the
foreign unit in Lnuea amies '""
Country Unit.
Austria, kronen
Belgium, francs
Bulgaria, leva
Czecho-Slovakla, kronen
Denmark, kroner
England, pounds sterling
Finland, finmark
France, francs
Germany, marks
Greece, drachmas
Holland, guilders
Hungary, kronen
Italy, lire
Jugo-Slavia. kronen
Norway, kroner
Portugal, escudos
Roumania
Rate.
.0003
.0S4S
.0080
.0202
.2127
4.4050
.0215
.0925
.0037
.0455
.3838
.0020
.0540
.0045
.1875.
.0857
lei 0078
Serbia, dinara 0185
Spain, pesetas 1562
Sweden, kroner 2595
Switzerland, francs 1938
China-Hongkong, local currency. . . .5750
Shanghai,, taels 7750
Japan, yen 4800
Foreign Bonds.
Furnished by the Overbeck
company of Portland:
Belgian rest 5s
do prem 5s
do 7s 1945
do 8s 1925
Chile 63 1932
do 7s 1923
British 5s 1922
do 53 1927
do 5s .n 1929
do vky 4s
do ref 4s
Bordeaux 63 1934
Canadian 5a 1937
do 5a 1928
do 53 1929
do 5s 1931
do 5s 1927
Chinese os 1951
Chilean 8s C1941
Russ currency
Denmark 8s 1945
Dan Muni 8s 1945
French 4a 1917
do 6a 1920
do 5s 1931
do 7s 1941
do 8s 1945
German W L 5a
Berlin 4s
Hamburg 4s
Hamburg 4s
Leipslg 4s
dO 03
Munich 4s
do 5s
Frankfort 4s
Italian 5s 1918
Jap 4s 1931
do 1st 4s 1925
do 2d 4s 1925
Norway Ss 1940
Russian 53 1921
do os 1928
do 63 1919
Swiss 5s 1929
Swiss 8s
San Paulo 83
U K. 83
do 5s . . ,
do os
Swedish 6s . .
.1940
. .1922
. .1029
..1937
. . 1039
Bid.
74
80
108
108
90
102
90
92
82
88
78
7
98
98
101
88
98
51
105
6
111
111
57
80
70
102
104
2
2
3
3
2
4
3
4
3
41
77
90
90
111
4
23
101
117
105
107
107
103
102
Ask.
77
83
10S
103
91
103
92
94
95
90
79
87
994
99
101
99
99
03
106
7
111
111
58
83
7iy
102
lU.i
3
3
3
4
4
5
4
5
4
42
77
91
90
112
25
5
27
101
118 -106
107
107
103
102
( Personal v
K letter ! C
t fit sy- I
Xal ( patterns lHjrff I
in Oak and "Wll t III
jT drawer CP
WEST-MADE
the
50 -Tear Desk
Did you ever hear of a guaranteed
desk? Here it is! WEST-MADE!
We call it the 50-year desk but guar
antee it without limit against de
fects of workmanship or material !
WEST-MADE desks are now sold in every State west of th
Rockies. They're used in the best-juipped offices of San
Francisco, Los Angeles, Portland and Seattle.
West-Made desks are rugged, niassive, business-like. They have
many exclusive features that increase efficiency. Drawers are
scientifically arranged. Every space is built for a certain purpose.
Added to the recognized merit, is a substantial saving in freight, be
cause West-Made desks are built on the Pacific Coast.
Different models in standard, harmonious designs, make them equally suitable
for private or general office. See the complete West-Made line at leading ueTice
furniture dealers from Seattle to San Diego.
WEST-MADE DESK COMPANY
Manufacturers
Portland, U. S. A.
Sold in Portland by Kilham Stationery & Printing Co.
Glass & Prudhomme Co. Bushong & Co
futures
18.85c;
Cotton Market.
NEW YORK, May 5. Cotton
opened steady: May 19.65c; July.
October, 18.95c; December, 19c ; January,
18.83c.
Cotton futures closed steady; May.
19.95c: July, IS. 78c: October. 18.S9c: De
cember, 18.93c; January, 18.80.
fapot cotton, quiet; middling 19.80c.
Sugar Market.
NEW YORK, May 5. Raw sugar, cen
trifugal, 3.98c; refined, fine granulated,
.'5 5.40c.
SAN FRANCISCO, May 5. California-
Hawaiian raw sugar, 3.995c.
WHEAT OUTLOOK SPOTTED
CONDITIONS VERY UNEVEN IN
WINTER GRAIN BELT.
NEW
firm.
cables.
5.37;
8.38;
.35 ;
S8.M ;
YORK, May 5. Foreign exchange
Great Britain, demand $4.44H ;
$4.44 ; 60-day bills on banks
; France, demand, 9.17;
Italy, demand, $5.36;
Belgium, demand, 8.37 ;
Germany, demand, .45
Holland, demand
Norway, demand
cables,
cables,
cables,
. - - .
38.33; cables.
18.60; Sweden,
demand, 25.89; Denmark, demand, 21.18;
Switzerland, demand 19.30; Spain, demand,
15.53; Greece, demand, 4.52; Poland, de
mand, .02; Czechoslovakia, demand,
2.02; Argentine, demand, 36.50; Brazil,
demand 13.75; Montreal, 98.
Standard Oil Stocks.
Standard Oil quotations furnished
Overbeck & Cooke company of Portland :
Bid. Asked.
Anglo 21 21 hi
Borne Scrysmcr 265 285
Buckeye 98 99
Cheesbrough 200 205
do pfd 109 112
Continental 146 150
Crescent 34 35
Cumberland 140 150
Eureka 103 105
Galena common 59 61
do old pfd 108 112
do new pfd 112 115
Illinois Pipe 195 200
Indiana Pipe 99 102
National Transit 30 31
New York Transit 175 179
Northern Pipe 107 109
Ohio Oil 329 332
International Pete 224 22
Penn Mex 30 32
Prairie Oil 625 635
Prairie Pipe 230 234
Solar Refining 265 275
Southern Pipe 104 106
South Penn Oil 225 230
S W Penn Oil 63 65
S O Indiana 106 107
S O Kansas 565 582
S O Kentucky 81 82
S O New York 418 422
S O Ohio 465 475
do pfd 117 119
Swan & Finch 35 40
Vacuum 425 430
Wash I n gt o n 20 30
S O Nebraska 200 210
Imperial Oil 116 118
Cash Demand at Chicago Reflects
Poor Domestic Trade
in Flour.
The weekly wheat review by Logan &
Bryan, of Chicago, received yesterday
by Overbeck & Cooke company of Port-
and, follows:
Wheat The acknowledged close adjust
ment of supplies this year makes the new
crop outlook of greater importance than
ordinarily. Our crop reporter who just
returned from a trip through Illinois,
Missouri, Kansas, Oklahoma and Texas,
finds conditions:
Illinois Wheat is generally in good con
dition except in bottom lands, where a con
siderable acreage has been drowned out
and will probably be a total loss. The
abandoned acreage m the aggregate, how
ever, wall be comparatively small.
Missouri Prospects are good except
some districts in the west part of the
state, where growth is not so good as
could be.
The eastern half of Kansas is in almost
perfect condition, with a thick stand In
most places. About the only thing that
coujd be said against it is the danger of
r.s growing too last ana later on ioaging.
The western half of Kansas is very un
even, streaked and spotted, but generally
in poor condition. The acreage abandoned
is certain to be very large. Recent rains
were very beneficial in this part of the
state, but the' stand in many fields is so
thin and the plants so feeble that the
weeds which are already starting will
probably make a much better growth
within the next few weeks than the wheat
plants. It is still anybody's guess what
the state will raise.
Oklahoma conditions are very similar
to Kansas, the crop being in good shape
in the norfch central part of the state, but
poor southwest. Green bugs have played
havoc over a good area and in some dis
tricts there will be from 6 to 50 per cent
damage from this pest.
The Texas panhandle is in poor con
dition and probably 40 per cent of the
acreage will be abandoned.
Sentiment in the wheat trade recently
lias been quite bullish, but apparently is
ill timed. The cash situation has failed to
improve for the reason that domestic
flour trade continues on a hand-to-mouth
basis, while the bulk of the foreign de
mand is for new-crop wheat and the buy
ing of futures against these sales goes into
the months that are certain to be the ob
ject of heavy hedging pressure. During
the week rumor were current of wheat
coming to Chicago from all directions for
delivery on May contracts. Some of the
reports were probably unfounded, but it
was possible to confirm enough to make
longs uneasy and towards the end of the
week liquidation increased.
STOBAGEJOMIllnNT
NO IiACK OF SPACE FOR MAY
WHEAT AT CHICAGO.
Grain Moving Toward City From
All Quarters and Prices Break
Sharply; News Favorable.
FARMERS SEEK
FREIGHT
CUTS
Mining Stocks at Boston.
Bid.
Arizona Commercial 9
Adventure 60
Ahmeek 61
Higher Tariff of Wartime Expires In July.
Reductions Due.
(Copyright by Public Ledger Company.
Published by Arrangement.)
OTTAWA, May 5. (Special.) The farm
ers' party in parliamen t, composing about
30 per cent of the membership. Is likely to
endeavor to force down freight rates, es
pecially In the west, irrespective of any
opinion the railway commission may hold.
From 1S97 to the year after the outbreak
of the war, rates on wheat and flour mov
ing eastward from the prairies to the head
of the great lakes, and on a number of
basic commodities moving westward from
points east of the head of the lakes, were
kept in check by the Crow's Nest Pass
agreement, negotiated in 1897 between the
dominion government and the Canadian
Pacific railroad, by which, in return for
certain cash and land grants, the railroad
agreed to construct the Crow's Nest Pass
road from Alberta Into southern British
Columbia. The company also bound itself
to grant certain stated reductions in rates.
So long as this agreement was in force
the railway commission could not Increase
rates beyond the level provided for therein,
and it was only when the agreement was
suspended for a period during the war that
rates could be raised to their wartime
level, the government having suspended it
under the war measure act.
The period of suspension ends early in
July and cannot be extended except by ac
tion of parliament. The progressives or
farmers are the stumbling block in the
way of extension for, from what can be
learned they will insist on the agreement
being enforced, which will mean a lower
scale of rates on quite a number of commodities.
CHICAGO, May 5. A sharp break jn
the price of wheat took place today follow
ing the issuance of a notice that measures
were in readiness to provide temporary
emergency storage facilities in railroad
cars on track here. May delivery was ex
ceptionally weak. The market- closed
heavy, lc to 3c net lower, with May
$1.39 to Sl.99 and July 1.24 to $1.25.
Corn lost & c to 1 hi gJlc and oats
c to B,kc. In provisions the outcome
varied from unchanged figures to 25c decline.
In addition to the announcement of
steps toward furnishing practically unlim-
nlted storage room here, word was received
that a single elevator company at Kansas
City was loading over 700.000 bushels of
wheat for Chicago and that other snip
ments from Omaha and St. Louis to Chi
cago were expected. Kansas City ship
ments of wheat today were reported as
178 carloads, 90 per cent to Chicago, and
Omaha. 122 carloads, mostly to Chicago.
A majority of traders apparently took the
view that too much wheat was coming to
Chicago for prices to hold, although ves
sels here started loading 300,000 bushels
of wheat today for the east, and further
lake shipments from here were looked for.
Favorable crop reports from t hn sout n-
west tended also to stimulate bearish sen
timent as to wheat. Slowing down of ex
port demand was another factor a nd so.
too, was a decline at Liverpool Hscribed
increased estimates of the Argentine
exportable surplus. Deliveries of wheat
here today on May contracts were 172,000
bushels and there were receipts of 131
carloads.
Corn and oats declined in value with
wheat. Rural offerings of corn to arrive
here were somewhat larger.
Provision prices turned downward
account of realizing sales, which more
than offset the influence of foreign buy.
lng of future deliveries of lard.
Th Chloaa-o eraln letter received yester-
day by the Overbeck & Cooke company of
Portland follows:
Wheat There was persistent pressure on
the market throughout the session and
the usual display of resistance was not in
evidence. News of all descriptions was
so uniformly bearish that the trade could
not see the necessity of maintaining a bull
ish attitude a-t present. All cash markets
had a weak tone and export trade was
again quiet, although some business was
worked on the decline. xne jway jnoweu
Tess signs of congestion and many in the
trade appeared to be revising their ideas
s to the outcome because of increasing
evidence that there will be more wheat
brought to this market for delivery on
contracts than holders will care to take
and attempt to merchandise under present
conditions. The crop outiooK is rar oei
ter than it was two weeks ago and with
out a crop scare July wheat around $1.25
looks high. One prominent southwestern
authority said present prospects are for
a crop of 123,000.000 bushels for the state
of Kansas and 35,875,000 bushels for Ok
lahoma. The general state of affairs at
the moment is conducive to an extension
of the downward movement of prices.
Corn Held stubborn during the fore
noon, but finally gave way to the weak
ness in wheat and persistent selling by
cash houses against country pressure. Re
ceipts of 250 cars met a good demand at
yesterday's basis. Export trade was mod
erate. Weather has turned favorable for
planting and -all reports are to the effect
that the acreage will be fully as large. If
not larger, than last year on account of
reduced oat acreage. We are on the eve
of another influx from the country and
doubt that the bullish feeling now prev
alent will prove well founded until the
cash pressure Is out of the way.
Oats 'Volume of trade small, but the
market held relatively firmer than other
grains based on Indications of an im
proved shipping outlet from Chicago, as
well as northwestern markets. Receipts
were estimated at 100 cars and the cash
market steady. The demand must im
prove materially to result in a bullish sit
uation. Rye Moderate trade with evening up in.
Mav and hedging in the July by the north
west. The seaboard reported a fair ex
port business. The cash market was in
active and devoid of feature.
Leading futures ranged as follows:
WHEAT.
Open.
dark hard northern Montana, $l59'i
$1.61; No. 1 hard Montana, $1. 491.52t4 ;
No. 1 dark northern, l.S6hi 1.66 : No.
2 dark northern, $1.54 hi 1-62 : No
3 dark northern, $147 & 1.58 ; No. 1
northern, $1.54 iff 1.62 V ; No. 2 northern,
$1.52 1.59 ; No. 3 Northern. $1.44 &
154; Durum, $1.27 1.32.
Corn No. 2 yellow, 65 67c; No. 8
white. 35 36c.
Barley 5364c.
Rye $1.02 1,03.
Flax $2.84 2.87.
KANSAS CITY. May 5. Wheat No. 1
hard, $1.31132.
Corn No. 2 mixed, 58c; No. 2 yellow,
5959c; No. 2 white, 575Sc.
Barley 54c.
ST. LOUIS, May 5. Wheat No. 2 red,
$1.46.
Corn -No. 2 yellow, 62c; No. 4 yellow,
60$ic; No. 2 whit, 62h!62e.
Oats No. 2 white, 41 42c; No. 4
white, 3039c.
OMAHA, May 5. Wheat No. 2 red,
$1.41 ; No. 3 red. $1.3S; No. 2 hard,
$1.40; No. 3 hard, $1.37.
Corn No. 2 mixed, No. S
mixed. 63 63t:; No. 2 vol low, B3 fl
64c; No. 3 yellow, 62 0f ; No. 2
white, 6364c; No. 3 white. 62c.
Oats No. 3 white, 3637c; No. 4
white, 36 37c.
Rye 97ctg $1.
WINNIPEG. May 5. Wheat No. 1
northern, $1.44; No. 2 northern, $1.38;'
No. 3 northern, $1.32.
Oats No. 2 white. 53c ; No. 1 feed,
49 hi c ; No. 2 feed, 43 c.
Primary Receipts.
CHICAGO. May 5. Primary receipts
775,000 bu wheat, against 754.000 bu : 987,
000 bu corn, against 5S3.000 bu; 536,000
bu oats, against 464, 00O bu.
Shipments 880.0OO bu wheat, against
820,000 bu; 90-4,000 bu corn, against 1,153,
00(i bu; 871,000 bu oats, against 690.000 bu.
fund. The In corporators are : Dr. Carl
Hoffman. B. H. Rrett, T. J. Donnho. "arl
H. Schaar. Daniel G. Vlcetlrh, William A.
Sullivan. B. J. O'Reilly. Patrick U Mur
phy, James H. Woods. Arthur It. lloorer,
T. J. Ivers. T. J. McCloskey, I. M In
caster, Charles E. McKnna, K. K. K-hrer,
William K. Lee, R. C. Krnki Nl-k Zsnl
dls and Paul Carrlgan, all of Hoattle, aid
F. W. Gardner of stanwood.
Minneapolis Wheat Futures.
MINNEAPOLIS, Minn., May 5. Wheat
May, $1.54; July, $1.44.
May
July
Sept.
May
July
May
July
May
July
Sept.
.$ 1-4:
. 1.18
-62
.65
.87
.40
High. Low.
$ 1.42 $ 1.39
1.18
CORN.
OATS.
.38
.40
1.17
.61 -i
64
Clow.
$ 1.39
1.24
1.17
.61
-64
.37
.40
MESS PORK.
11.73
11.97
11.50
11.75
LARD.
11,75
11.97
SHORT RIBS.
11.67 11.60
11.70 11.55
.37
.40
11.60
11.82
11.67
11.70
July
Wheat No. 2 red, $1.41; No. 2 hard.
$1 41l-42.
Corn ro. iu'acu, uduo-bl, ci-
low 63 64c.
OatsNo. 2 white, 40 45c ; No. 3
white, 3942c.
Rye No sales.
Barley No sales.
Timothy seed $4.50 6.
Clover seed $1222.
Pork Nominal.
LArd $11-40.
jbjj $1 2.25 18-25.
Cash Grain Markets.
Furnished by Herrin & Rhodes, Inc,
Portland.
MINNEAPOLIS, May 5. Wheat No. 1
Winnipeg Wheat Futures.
WINNIPEG. Man.. May 5. Wheat May,
$1.39 ; July, $1.36.
Seattle Grain Market.
SEATTLE, May 5. Wheat Hard white,
$1.28; soft white, white club, soft red
winter, northern spring, $1.27 ; hard red
winter, $1.29 ; eastern red Walla, $1.23 ;
Big Bend bluestem, $1.50.
Hay and feed unchanged.
Grain at San Francisco.
SAN FRANCISCO, May 5. Wheat
Milling, $2.30 2.35; feed, $2. 25 2.35.
Barley Feed, $1.35(5)1.40; shipping, $1.45
1.55.
Duluth Linseed Market.
DL'LUTH, May 6. Flaxseed, $2.78 0
2. 80 hi .
Cottonseed OH Futures.
Cottonseed oil futures at New York fur
nished by Herrin & Rhodes, Inc., Portland:
May, $11.8011.90; June, $11.7011.80;
July, $11.8011.81; August. $11.7411.75;
September, $11.73 11.75; December, $9.80
9.90.
Spots closed, $11.80 bid.
Dried Fruit at New York.
NEW YORK, May C. Apples, quiet.
Prunes Steady.
Peaches Firm.
Spot Cofre Higher.
NEW YORK, May 5. The market tr
coffee futures closed within a point or
two of th best, lst prir being n t un
changed to 1 points higher. ial.n wer
estimated at about S3.UO0 bags. May.
10.50c; July, 10.35c; September, I0.MK
October, 9.98c; December, .84i ; January.
U.83c; March. 0.82c.
Spot coffeee, firm; Rio 7, II e; Kat
4s, 14f314c. Cost and freighl offst
were unchanged to a little higher. Hsntss
and 5s were offered at 14. lite in U..1SV
for prompt shipment and 13.23c lu 1-)
July -September shipment.
Me a I Market.
NEW YORK, May 5.--'oppcr. firm; elsv
trolytlc. spot and uearby, 13 ; Inter. 13SJ
13 c.
Tin Esler; spot and nearby, 30.i2e; future-,
30.75c.
Iron Steady; prices iinchannt-tl.
Lead Firm; spot, G.25& ft.Wtr.
Zlno Quiet; East St. Louis .) livery,
pot. 5.0505.15c.
Antimony Spot. B 25c.
Nivil More.
SAVANNAH. OSw, May 5. TurpciiitnS,
firm, 81c; sales. 205 barrels; receipts,
620 barrels; shipments, 1180 barrels, Mock,
2451 barrels.
Roiln Firm. Bales, 786 harrctn; re
ceipts, 1599 barrels; shipments. '.:, bar
rels; stock, 51,827 barrels. Quote: B, $4.09;
D, $4.15; F, G. H, I. $4.20; K, $4 23; M.
$4.50; N, $5; WO. $5.50; WW, $". s,.
hlcago Tolato Market .
CHICAGO. May 5. Potatoos. very weak;
receipts, 00 cars; total United Btatss ship
ments, 036; Wisconsin sacked mmA bulk
round whites, $1.7001.75 cwt. ; Minnesota
sucked round whites, $1.70 cwt.; Idaho
sacked rurals, $1.80 cwt New stork, weak;
Florida double headed barrels. Spun Id las;
Rose N). 1. $0.2506-50; No. 2. $ 1.25 b 4.60.
In the Cambria coal field of Wyo
ming1 small quantities of Kotd and
silver are said to be present In the
coal veins. In South Africa a similar
occurrence has been noted the coal
occuri npr in seams runninir t hrous;h
the quartzito ore.
MUTUAL SAVINGS BANK
FILES
New Seattle Institution Second of Kind In
Washington.
OLYMPIA. Wash., May 5. (Special.)
The Continental Mutual Savings bank has
completed organization in Seattle and
filed articles of Incorporation with the
secretary of state today, preparatory to
asking the state banking department ror
a charter. This will be the second bank
of its kind in the state organised under
the law. which prohibits the loaning of
the bank's deposits on other security than
honds or first mortgages on Improved real
estate and limits deposits to $5000 per
person.
Twenty prominent business men of Se
attle are Incorporators of tho bank, each
contributing $250 to Its original guaranty
fund and a llko ani'umi to i ne expend)
3Q
more mileage
than a Fabric! That's
the yield of these new
regular size
MICHELIX CORDS
and they cost no more
than Fabrics.
You should see
them! Drive up
to "Quality Cor
ner" or phone
Broadway 2484.
TIKESAIaESCO.
Burnside
at 13th
Burnsiae
at 13th
r
A
Sound
Investment
PORTLAND
GAS & COKE
COMPANY
7
Preferred Stock
k -A
WILL SELL
$5000 all or part of 8' ,' Se
cured Gold Coupon Notes in
big going concern earning:
more than double of interest
charges of this issue. Assets
over $350,000. If sold in one
lot will offer a working in
terest or discount on pur
chase. No brokers. A J 618,
Oregonian.
HERRIN & RHODES, Inc.
Established 1806..
STOCKS, BONDS,
COTTON, GRAIN
Cornspondeou K F. tfUTTON CO.. M. I.
Member, all leading .trnanaea
Uabton's Srrla on 111.
?:. tQl Mallwaj Exclianxa Hid