Morning Oregonian. (Portland, Or.) 1861-1937, June 17, 1922, Image 21

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Morning Oregonian., June 17, 1922, Page 21, Image 21

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Newspaper Page Text21 THE MORXIXO OREGONIAN, SATURDAY, JUXE 17, 1923 ill STOCKS IS TAPERED DOW: New York Turnover Is About Million Shares. UNDERTONE IS HEAVY Scattered Liquidation and Short Selling Are About Evenly Divided in Pressure. Chit & Ohio cv 4s 1930 ao gtn -ifts do cv 5s , ,1940 do con 5s 1939 C B & Q 111 dlv 4s 1949 O & West Ind 4a 1U52" u u & w in lUoH C M at St P 4a do cv 4s . . . . . . . do deb 4a do gn 4s A. ..... . do cv 5a ......... do g&r 4sA Chgo NW gen 4a... , oo 6s do 7s C R 1 & P ref 4s... Colo Sou rf ex s. do 4s DeLA Hudson cv 5a. do 7s . .'. ; . D & R G cv 4s. I... do ref 5s ... Erie PL 4a do con 4a A- do B do D do P C G 4s II8!L!8ERTY BONDS SUB . ; .11)25 ...1932 ...1934 .. .1889 .r.2U14 ...2U14 .1987 ...1936 ...11)30 ...1934 ...1935 ...1029. i.io hi n ci 79 b 62 '4 74 . 32 mk uo 100 o Si 92 . . mat) io:j .. .1930 . . . l'.Mo ...woe ...1953 i;tr.:t .,.1953 Gd Trunk eq 6s 1936 BY MONITOR. (Copyright. 1922, By the Publio Ledger company. Published by Arrangement.) NEW YORK, June 16. (Special.) Trading in stocks today tapered down to smaller proportions with the turn over in the neighborhood of a million shares. The undertone was heavy through most of the list for the greater part of the session with scattered liqui dation and short selling about evenly divided as to the source of the pressure. It was not until late la ' the afternoon that the market showed a disposition to turn, when a spectacular rise in Mexican Petroleum gave room shorts quite a scare and Imparted a mixed appearance to late dealings. The advance in Mexican Petroleum, which covered a scope of 8 points from yesterday's close, was due to special in fluences, chiefly the prediction that the forthcoming reports would show sur prisingly large earnings, and a rumor to the effeot that the company had brought In a big new well. Prospects of a reduction In the export tax on oil - from Mexico also may have been an in- ' f luence. At any rate the action of this stock, which la one of the market leaders, gives some Indication of the extent to which the selling movement ha3 been carried In this and other issues. Pro fessional pessimists have' made the cus tomary capital out of the impending tariff legislation, the bonus and ship subsidy bills, the tone of the addresses at the convention of tha American. Fed eration of Labor and the threat of a railroad strike. The prospects of a dull market In mid-summer also has led many holders of stocks to unload in the belief that they might as well be out of their commitments and pick them up at their oenvenlence later on. Prom the standpoint of the average trader, the market has drifted into an unsatisfactory position with technical influences predominating. Nevertheless, it must bo admitted that buying on the decline has been of a substantial char acter and that lines of stocks liquidated around recent high levels are being grad ually reinstated on the recessions. A catalog of the unsettled Issues would e neither important nor significant. Some of .the specialties, as well as a few of the equipments, steels, motors and oils were vigorously sold. Here and there among the rails weak spots were uncovered, but the standard issues yielded rather grudgingly and in many cases scored fractional recoveries. This week's federal reserve statement hows a slight decline to the basis of 77.4 for the reserve ratio. No special significance need be attached to the change, which is due chiefly to ex pansion in government deposits. It is encouraging to note that the money mar ket this week has been free from un settlement due to the large government transactions incident to the tax date. There was a rumor in circulation In Wall street to the effect that Con solidated Stock exchange was to In corporate In the near future. This re port was read over the wire to W. S. Silkworth at his home In Roslyn, L. L, and denied flatly by the president of the Consolidated. ...... . Consolidated Textile ia meeting with some support on the market on the gen eral theory that the breaking up of the New England textile ststke as heralded in Boston dispatches, will be greatly beneficial to the company. With tho Baltimore & Ohio meeting looming up,- the financial community is engaged in speculation as to the prob ability of dividend action. The con census of opinion seems to be that a resumption of the 4 per cent .rate may be expected. Broadway commission house wires are predicting a movement In Orpheum cir cuit for the near future but there is little Information beyond the wire advices. Mexican Petroleum worked into new high ground today above 143 and closed around the high. Statements from Mex ican Petroleum and Pan-American ere due soon and it is declared in some quar ters that the result will be as good as any the company has ever known. On report, current In Wall stseet, has it that Mexioa-n Petroleum has brought in a well which is apparently destined to be the second largest in the world and that recent buying has been based on this feature. United Alloy steel has 'resumed divi dends on the common after a lapse of more than a year. A payment of 50 cents a share was ordered as compared with the last disbursement of $1 a share made January 20, 1921. ... Stockholders of the Durant Motors, Inc., will be asked to meet June 27 and authorize an Increase In the capital stock from a basis of 1,000,000 shares, no .par . to 2,000,000 shares, no par. Ann Arbor is making a very good bowing from present operations, as wit ness April gross of $407,540. which w a gain of $44,044 over the same month a year ago. However, it may be deemed the wiser thing to defer action on the preferred dividend at this time and Wall street would not be greatly sur prised if this were to happen. ' In order to retire $1,383,000 first mort gage bonds and to finance improvements which will add 50 per cent to production capacity, Lima Locomotive is to bring ui. tumiraraoio new common stock. Stockholders have been presented with a plan for approval. This is based on the exchange of two shares of new com mon for one of old with the preferred "o'uiiir us voting position and pro (eciea in its preferential as to assets and uivioenas. At present there are 23 560 shares of preferred and 48.590 shares of common outstanding. The plan is to be submitted at a special meeting of stock- uu.uois m xiicnmona. va., July 14 The financial communltv in irf t lleve that the three companies merger will be completed with the Inland. Mid vale and Republic working as one cor- poiaLiuu in me steel trade by the be ginning of next month. - No further trouble Is anticipated by the authorities in the matter and it is current belief that tha merger is practically complete at the present time. , New York Bonds. s urnianea oy Jordan, Wentworth A Railroad bonds Atch gen 4s inns A C 4s 352 do 7s liC'.o B O gold 4s 1U4S do con 4s cv 1933 do ref 5s 1995 ' Canada Southern 5a tW2 Canadian Nor 6s .-J044 do 7s 194H Cent Pnc "1st 4s .194) Gt Nor iV.s 1H61 do 7s ne Gt Trunk 6s 1936 do 7s . . .1940 III Cent jt 5s 1903 do ref 4s 1H35 K C Sou ref 5s 1950 KAjo & Des M 1st 58 ..1923 L S & M S 4s 1931 L & N 7 1930 do uni 4s .. . . 1940 Lindary 7a N. A. Edison 6s , MStP&SSM6s 1946 MK&T4s 190 MP gen 4s 1975 do ref os .....1923 do ref os' 1926 NYC deb 4s 1934 do con 4s 1998 dorefimp4s ...2013 do cv deb 6s 1935 do coll 7s 1930 N Y N H & H cv 6s 194S N O Tex & Mex 09 1935 Nor Pacific P L 4a , 1997 do 6a '. 2047 N P-Gt Nor jonit 6 Vis 1086 OSLref4s '..1929 Pennsylvania 6s 1936 do gen 4 Va a - 1905 do4s l .1900 dogen5s 1908 do 7s 1930 do6s ....1936 Reading gen 4a 1997 SAL43 1950 do 5s .1949 do 6s A ....'.1945 Southern Ry con 5s 1994 Southern Pacific cv 43 1929 do ref 4s 1955 do sf term 4s 1950 do conv 5 1934 StL&SFPL4sA 1930 do gen 5s .............1931 doPLosB 1950 do gen 6a 193-1 doadj 6s '....1955 do Inc 6s . .I960 StL&SWlstSs 1953 do con 4s 1982 do 1st 4s 19S9 TexPaclstSa ......2000 Union Pacific lst4s 1947 do cv 4a ...........1927 do ref 4a 20O3 do 6s 1928 Union Tank 7s Wabash. 1st 5a do 2d 5s ..1939 Western Pacific 5a 1846 MK&TadJ5s Market St Ry 5a Philips Pete 7s ... Otis Steel 8a 101 inaust rials Allied Packers 6s .......... .1939 Am Agr Chem 7a 1941 Am Smelting 1st 5s 1947 Am Tobacco 7s 1923 Anaconda tis A do 7a B Armour cv 7s ,...1930 104 ao 1939 Beaver Board 8s 1933 Beth Steel 7s...... 1923 do eq 7s 1935 do ref 5s .......1942 Cerro do Pasco 8s 1931 Chile Conv 6s A 1932 Copper Export 8s 1923 do 8s 1924 do 8s 1925 Colo Fuel & Iron gen fis ....1943 Colo Ind 5a 1934 Cuban Amn Sugar 8s 1931 Cuban Cane cv 7a 1930 Distillers Sec cv 5s 1927 Diamond Match 7Vis 1935 Dupont 7V4a 1931 Empire Gas Fuel 6a. 1924 Flsk 8s 1H41 General Elec deb 5s 1952 uo os 1940 Goodrich 7s 1925 Goodyear Ss 1941 Heins 7s ..1930 Hershev 76s inmi Illinois Steel deb 4s 1940 ;73i 47 04 50 49 S9V4 105 90 109 103 113 1124 86 86 90 81 107 90 US 92 101 80 62 Vi 100 S 88 88V4 86 102H 105 79 714 80 105 'i 106 91 109 91 99 108 108 93 68 25 57 95 91 87 82 101 71 7 85 103 78 66 78 73 AIJVE ISSUES SELL AT PAR OK ABOVE DURING DAY. 94 91 94 85 103 .1930 102 1939 97 85 87 55 88 V4 70 83 103 92 102 ..1929 100 1929 1025 ina steel os ii.v Int Agr 5s 1932 Int Marii CT 6s 1941 Kelly-Springfield 8s 1931 Kennecott 7s ..1930 Lackawanna Steel 6s 1923 ao 1st os Libby, McNeil & Llbby 7s ..1931 Liggett & Myers 5s 1951 do 7a . iu44 Lorlllard 5s .......1951 a 1944 .1936 S9 88 l') 82 Ml 98 HI 112 Mi 7, POTATOES WANTED Ship or advise what you have. - THE SAVINAB. CO, INC, 100 Front street. Portland, Or. Midvale Morris & Co 7s Procter & Gamble 7a Republic I & St 6s Sears Roe 7s do toel & Tube 7s SWltt & Cc 7s do United Drug 8s U S Hub 1st ref 5s do 7s U S Steel sf 5s Va Chem os Va Car Chem 7s West Eiec Ka West U T col Tr 5a I! West Union 6a r iison iBl us ........... do cv 6s West Elec 7s . Westinghouse 7s . Public Utilities Am n Lt & Tran 6s. Amn Tel coll 4s do 5s do Cs Bell Tel of Pa 7s ... B R T 5s Cal Gas uni 5s. .- Cities Service 7s B do c do D Con Gas cv 7s int Met 4s lilt K T ref 5s Laclede Gas 7s Mont Power 5s A Northwest Tel 7s I'ac Tel 5s................. do Southwest Tel 7s oil bonds Anglo Amer 7s. . . . . ; . . . . Atlantio ttel ttVsa.. Galena S Oil 7s Gulf Oil 7s Humble Oil Van Amer 7s Mex Pet cv 8s. j Sinclair 7a S O Cal 7s S O New York 7s Texas Co 7s Tidewater Oil 6a... vacuum oil 1630 1923 ..1940 ..1922 . . 1923 ..1981 ...1925 1931 90 65 104 102 92 118 91 101 102 104 90 76 105 84 44 108 107 100 106 100 105 100 115 104 102 89 89 79 95 108 104 99 88 99 96 113 94 113 90 104 101 -95 100 101 100 101 102 United Kingdoms Better in Spite of Break in Exchange; Treasury Certificates Oversubscribed. NEW YORK, June 16. In the face of farther reactionary tendency In the stock list, today's bond market more than held Its ground, altnough some of the under lying rails were under pressure at ex treme losses of 1 to 4 points. Liberties were the stabilizing feature, the first 4s scoring a . new top at 100.40, while several others" of that series duplicated recent maximums. Alto gether, nine of the liberty group at tained to par or better, with a steady de mand for the 3s and second, third and fourth 4s, United Kingdoms were better, regard less of the break in sterling, and Mexi cans rallied brisklv from their early heaviness, . the 4a gaining three points, the 5s 3 points, and the "large" 6s 1 points. Profit-taking probably conduced to the reversal in Peoria & Eastern Incomes and St. Paul convertibles. New Haven 6s, Seaboard adjustments. Mercantile Marine 6s. Consolidated Gas 7s and Brooklyn Rapid Transit were substan tially lower. Total sales, par value, ag gregated $15,437,000. Treasury officials at Washington re ported . large over-subscription to the 'atest offering of certificates, amounting to $250,000,000. Among the other under writlngs which found a ready market were the $2,800,000 o per cent municipal improvement and S550.000 5 per cent school bonds Issued by the public secvice commission of San Juan, P. R. Recent acute unsettlement in the stock market made further progress today, prices of many speculative Issues again Dreaicing snarply atter an early period in which the list waa disposed to make up some of its lost ground. Liquidation differed from that of yes terday and the early period of the week In that it was directed more generally aerainst the low-priced rails, a maiority of the food specialties, minor motors and several of the mall order and chain issues. Texas & Pacific was the main target. falling almost 4 points on a string of offerings, which included a drop of one point between sales. St. Louis & South western preferred, Wheeling & Lake Erie terred. Lake Erie & Western. Rock Island, Pere Marquette, Atlantic Coast line and several of the prominent trans- continentals were lower, by 1 to 2 points. JMsewnere, tne reversal, which was at its height at mid-day, effected gross de clines of.l to 3 DOints. chemicals, sec ondary equipments, coppers, textiles and tooaccos easing as stop loss oraers were uncovered. Almost the one constructive stock of the day was Mexican Pettpleum, which made a net gain of 8 points to the hifih record of 143 the erreater part of its rise being accomplished in the last nour. Tbe buoyancy of this stock went far to restore confidence in the general list, losses in a number of in stances being materially reduced at the close. Sales amounted to 1,075,000 shares. Continued ease of call money rates was a. negative influence, being based mainly on the light inquiry. The open ing rate of 3 per cent was shaded to 3 per cent in the early afternoon, but no relaxation waa shown 1 time funds, such accommodations holding firm In expectation of another expansion of clearing house loans. Foreign exchanges without exception reflected more clearly the unsettled state of economic conditions abroad. Sterling fell 1 cents, allied remittances lost 6 to 10 points, neutrals were lower by 3 to 10 points and the Austrian rate developed further weakness on cables which oirered little hope 01 an eany loan to that country. CLOSING STOCK QUOTATIONS. Furnished by the Overbeck & Cooke company of Portland : Sales. High. Low. Close. Adv Rum 100 16 16 10 Agr Chem 600 40 38 39 Ajax Rubber 1,700 15 14 15 Alaska Gold Alaska Juneau.. 2,100 1 1 1 Allied Chem 4.500 67V4 66 664 Allis-Chalmers... 1,400 47 46 46 ao pia 2UO 90 96 90 Am Beet Sugar.. 300 43 42 42 ' Am Bosch 300 42 42 41 Am Can Co 9.700 40 44 45 do pfd . 102 Am Car & Fdy. 800 160 do ptd Am Cot Oil 1,000 26 25 do pfd , AmDrugSynd.. 100 5 5 Am Hyde & Lea 2,200 13 13 ao pra nuu in twy Am Ice 500 10Si 103 i 103 Vi Am Intl Corp... 6,000 42 40 41 Am Linseed 000 33 33 33 do pfd 62 Am Loco 1,900 109 108 109 do pfd 114 Am Sat Razor... 1.600 6 6 0 Am &mp uom. ,iuu ju i j 500 105 105 105 S,60O 74 73 73 89 61 3 300 1,100 800 12 8 600 70 800 47 . .41.500 . .12,400 . . 4,400 . . 6,600 58 68 62 41 300. 81 29 31 52 ..1941 109 1930 .. .1963 ...1923 ...1932 ...1922 ...1931 . . . 193 ...1941 ...1928 ...1925 ...1931 ...1925 ...1929 . ..1946 ...1925 ...1945 . . .1945 . ..1937 . . . I960 . . .1966 . . . 1966 ...1925 ...1956 .. .1966 ...1930 . . .1943 . . .1941 . . . 1937 . ..1942 ...1925 107 102 100 105 100 99 110 97 92 108 10674 106 90 97 114 107 60 96 134 95 91 119 12 8 100 96 106 96 89 102 ...11925 1931 1930 1933 1923 1930 . ..v1936 1925 ....1931 1931 1923 1931 102 103 103 J in 104 104 Vi 101 107 104'. 105 J 09 ion Foreign government hnnrtn ' Argentine 2d 7s lO'1'! doGIos ifus Belgium 8s I94n Bergen 8s '. . ....1945 Berne 8a 1945 Christiania 8s 1945 Copenhagen 5s v. 1944 Danish Consol 8s 1946 F-ench Cities 6s 1934 Italy 6i A 100s Russian Ruble 5s 1926 Swedish Government 6a 1939 U S Mex 4s ..1954 doextSs 1 94s Uruguay Ext 5s French Internal 4s 1917 French Vietory 5a .iflon Belgian Restoration 5s 74 Mid States Oil... 6,100 13 13 13 Midvale Stel... .12.200 82 30 SI M. K & T WI 2,000 17 10 16 do pfd 400 38 . 38 37 Mont Power 100 09 69 68 Mo Pacific 2JJO0 20 20 20 M. St P & S S M 67 Marland OH 9,800 44 40 43 Martin & Parry.. 000 81 30 31 National Enamel 2,500 46 44 45 National Lead'.. 800 91 91 91 Nevada Con 3.800 1 16 16 f.ew Haven 10,100 28 26 27 ;i -Nor it west. . . Nor Pacific Nova Scotia Steel 200 31 N Y Air Brake N Y Central 4,400 Nor American . . . 300 Okla Prod ref... 1,000 Ontario Silver Ontario & West'. Otis Steel...... Pacific Dev Pac G & Elec... Punta Allegro. . Pacific Oil Pan Amer "Pet do "B" ..... Pennrylvania . Peoples Gas... Pere Marquette.. 3,200 Pure Oil 2.900 Phlllins Pete . 9.600 P'erce Arrow. . . . 8.300 '19 I'lerce Oil 11,800 8 Pittsburg Coal.., 1,400 62 Pitts & W Va... 2,000 86 do pfd Pressed S Car. . Pullman Rav Cons Readine 1.000 71 71 Remington ...... 2,000 32 82 Replogle Steel... 2,800 31 30 Rep I & 3 8,700 67 65 Rep Motors 500 11 10 Rcyal Dutch Oil. 8.900 59 67 Ry Steel Spg. . . 100 08 98 Stand Oil Kan. 94 93 Sears Roebuck... 4,300 74 72 Shattuck, Aria... 100 9 9 Miell T & T 600 41 40 Sinclair ....48.500 33 32 Stand Oil N J.y. 2,600 184 181 1H4 Sloss Shef 1,200 40 39 40 Sou Pac .., 4,300 87 86 87 Sou Ry 2,900 22 22 22 Stand Oil Oal. . .12,100-105 103. 104 St L.-& S F 50O 20 25 25 Stromberg Carb.. 1,400 48 46 46 Studebaker 63,800 121 119 120 Swift & Co 100 100 100 Tenn Cop & Ch. 1,500 11 10 10 Texas Oil 2,1)00 Texas Pac 4,000 Tex Pac C & O. 1,500 Tob Prod 1,100 Tran Cont Oil... 11. 800 Union Oil Del... 2.700 81 88 61 3 24 12 8 69 46 55 65 59 41 81 29 SO 49 18 8 61 35 200 76 73 SIR) 118 117 500 18 16 1,000 71 31 7o 88 61 3 ' 8 24 12 8 69 46 67 68 61 41 81 .29 30 51 19 8 61 85 87 75 117 16 71 32 81 66 10 68 98 94 74 9 40 82 Chinese 5s 1951 Chilean 8s C1941 Denmark Ss 1945 French 4s ..197 do 5s 1920 do 5s 1931 do 7s 1941 do 8s 1945 flerman1 WL5a.. Berlin a . ... Hmburg 4a do 4s Leipsig 43 do 5a ............... Munich 4a v. . do 5a .............. ... Frankfort 4s Italian 8a 191S Jap 4a ,.1931 do 1st 4 Via 1923 do 2d 48 .- 1925 Norway 8s 1940 Russian 5s 1921 do 6a 192 do 5a 1919 Swiss 8s 1929 do 8s 4. 194U Sao Paulo 8s ... U K 6s 1922 do 5s 1929 do 6s 1937 Union Pac United Alloy ... United Drug ... Un Food Prod . . . United Fruit ... Union B ft P. 46 24 25 77 14 20 40 25 26 78 14 20 47 26 26 7S 15 21 1,900 135 134 185 1,700 36 35 35 1,000 74 72 T3 6.500 9 8 200 137 137 137 100 62 62 62 U S O I Pipe. . . S.500 29 27 27 Un Retail Stores. 6,400 63 62 63 U S Ind Alcohol 6,200 81. 60 50 V S Hub 9,100 60 157 58 do let pfd ... 300 104 104 104 U S Smelting. .. 200 40 40 40 U S Steel 23,200 98 98 97 do pfd 40O 119 119 119 Utah Copper ... 2.S0O 62 62 62 Va Ohem 300 30 80 SO do pfd 200 67 67 88 Vanadium SteeL. 6,200 44 42 43 Vivandou .-.1,900 12 12 12 Wabash .... 3,300 11 11. 11 do A prd &.3UO 2811 .I zs do B pfd .... 19 Wells Farro . . . 77 Western Pao . 19 do Pfd 200 60 60 60 Western Union... 600 97 97 97 west nouse A jb. 200 mz 92 , 2 2,000 59 58 69 fioo l"-)i 600 48 2,60p 8 IOO 300 Woolworth 157 Worth Pump ... 700 49 49 49 w & Li a S.4U0 13 "i White Oil 1,200 0 White Eagle Oil 600 25 157 158 25 " 54 5 13 Am Smelter. do pfd Am Snuff Am Steel Fdy.. Am Sugar...... do Vfd ....... Am Sumatra... Am Tel & Tel. . Am Tobacco... do "B" Am Wool Am W P pfd. . . Am Zinc Anaconda . , fcAssd Oil 2,400 '58 67 67 9(1 Vi . 100 429 129 128 . 500 35 35 35 . ... 4,600 75 74 75 . 100 105 104 105 . 1,000 36 35 30 . 1,400 122 122 122 . 1,200 137 137 137 . 700 136 185 135 .- 7,600 88 88 .87 . 100 29 2914 29 . 200 16 16 16 . 6.100 51 , 60 50 . 400 115 114 114 Atchison ....... 1,700 98 97 97 do pfd 100 91 91 91 Atl Coast Line.. 400 101 101 101 Atl Gulf & W I. 4,300 35 34 35 Baldwin Loco. ..21,500 110 108 110 do pfd 99 85 10( 109 112 110 91 110 86 90 31 102 54 64 73 54 68 Booth Fish B R T Butte C Z Butte & Sup Burns Broa. Caddo OiK Calif Packing... Calif Pet do pfd Canadian Pac Cen Leather Cerro de Pasco . . Chandler Motor. Chi & N W Chicago Gt W. .. do pfd Chili Cop Chlno C M St P do pfd Coco Cola c & o. Colo F & I Col Southern Col Gaa & E'.Cc. Col Graph Con Gas Con Cigars do pfd ... Contl Can Cities S C B Corn Products. . do pfd ....... Cosden Oil .. C R I & P .. do A pfd... do "B" pfd Crucible 8.600 46 45 40 200 60 00 60 3,100 36 33 8514 6,500 74 73 73 5,800 8 8 8 4,600 25 23 24 1,100 7 7.7 700 27 26 27 500 130 129 129 300 11 iiya nvi 600 75 74 74 2,100 60 58 69 200 96 96 95 2.700 135 134 135 3,300 37 35 36 300 35 35 85 3,100 73 71 72 700 73 72 71 1.400 8 8 8 500 20 19 19 7,800. 19 19 19 9O0 28 38 28 1,610 24. 24 24 1,200 39 39 39 4,500 63 01 63 4t0 63 63 62 700 29 29 28 400' 45 44 45 2.4O0 83 83 83 1,800 4 4 4 1,000 116 114 115 50O 31 31 31 ' 70 700 63 62 64 .... 22 do E & M West Md .. White Motors . . Willys-Overland . do pfd Wilson Packing.. 10 48 12 J 25 11 48 4-2 40 13 8 25 S3 53 104 105 110 110 110 111 54 56 79 83 67 69 100 100 102 . 102 2 3 2 3 : 3 4 3 4 3 4 .3 4 3 4 3 -4 4 . 4 40 41 78 ' 77 81 91 90 90 110 110 18 21 4 5 18 22 101 102 117 118 102 . 103 . 108 109 108 109 102 102 Foreign Exchange. Foreign exchange rates at the, close of business yesterday, furnished by the Northwestern National bank or Portland. The amount quoted Is the equivalent of the foreign unit in United States funds: Country, foreign unit Rate. Austria, kronen $ .00015 Belgium, francs 0630 Bulgaria, leva 0080 Czeeho-Slovakla, kronen ,. .0195 Denmark, kroner .2165 England, pound sterling 4.4825 Finland, finmark 0218 EXPORT SALES LIBERAL TWO MILUIOX BUSHELS ARE TAKEN FOR EUROPE. r .0882 .0033 .0416 .0508 France, francs Germany, marks . Greece, drachmas Holland, guildera Hungary, kronen . Italy, lire Jugo-Slavia, kronen - .0040 Norway, kroner .1718 Portugal, eacudos '. 0800 Roumania, lei .0071 Serbia, dlnara .0050 Spain, pesetas 1580 Sweden, kroner .2600 Switzerland, franca ............ .1912 China-Hongkong, local currency ' .5850 Shanghai, taeia .., 8100 Japan, yen, 4850 NEW YORK, June 16. Foreign ex change Weak; Great Britain, demand $4.45,' cables $4.46; 60-day bills on banks, $4.43; France, demand 8.74, cables 8.75; Italy, demand 4.97, cables 4.98; Belgium, demand 8.22, cables 8.23; Germany, demand 81, cables .31; Holland, demand 39.80, cables 38.85; Nor way,, demand .17.12; Sweden, demand 25.85; Denmark, demand 21.65; Switzer land, demand 19.05: Spain, demand ro. 79 1 Greece, demand $3.98; Poland, demand .02: Czecho-Slovakia. demand 1.95 Argentine, demand 36.25; Brazil, demand 13.85; Montreal, 99 1-16. FBI IN WHEAT CHECKED EUROPEAN BUYERS MAY HAVE OVERSTAGED MARKET, Ex-dlvidend. Liberty Bond Quotations. Liberty bond and victory note quota tions furnlehed by the Overbeck & Cooke company of Portland: Open. High. Low. Close. Liberty 3s... 100.20 100.20 100.12 loo.l do 1st 4s 100.00 do 2d 4s ..... 99.84 do 1st 4s.. 100.10 100.40 100.10 100.18 do 2d 4s.. 99.96 100.00 99.98 99.98 do 3d 4s. .100.00 1O0.04 100.00 100.00 do 4th 4s.. 100.04 100.10 100.04 100.06 Victory 4S...100.5 100.68 100.54 100.56 do 3s . . . 94.96 Money, Silver, Etc. NEW YORK, June 16. Call money, easier; high, 3; low, 8; ruling rate. 8; closing bid, 3: offered at. 3; last loan, 3. Call loans against acceptances, 3. Time loans, steady; 60 day, 4; 90 days, 4; six months, 4. Prime mercantile paper, 44. Foreign bar silver, 71. Mexican dollars, 54c. LONDON. June 16. Bar silver, 85 d per ounce. Money, 1 per cent. Dis count rates short bills, 2 7-16 per cent; three-month bills, 2 per cent. Swift Co. Stocks. Closing prices of Swift & Co. stocks at Chicago were reported -by the Overbeck & Cooke company of Portland as fol lows: Swift & Co.. 100 National Leather 2 do new ....................... RSj, Swift International " 12 Libby, McNeil & Libby 24 . Mining Stocks at Boston. Furnished by Overbeck ft Cooke com pany of Portland; Bid. ATizona Commercial 9 Adventure 65 Ahmeek , 60 Auouex 6 Thoroughly Liquidated Condition Evident at Chicago New Crop Will Be Absorbed. 2100 100 100 100 . 114 British 2 per cent consols Ital Cons War Loan 5 per cent. ... Curb bonds Allied Packers 6a ............ Am Tel & Tel 6s 1922 do 6s 1904 Anaconda Copper 6s. ..- .. ao is 50 41 83 100 101 100 102 Anglo-Am Oil7s 103 ..1935 ..1924 ..1925 103 102 102 104 104 103 104 99 101 102 107 . STRAWBERRIES We have the best Oregon straw berries at the lowest price. OREGO.V GROWERS' EXCHANGE East Side, care Hawthorne Fruit Co. Cor. E. 2d nnd Madison. East 8444, West Side, 1S5 Front St. Main 4764. Armour & Co 7s Bethlehem Steel 7s , Copper Ex Aaan 8a do 8s Galena Signal Oil 7s lilllt Oil Co Js Humble Oil 7s Libby, McNeil & Libby 7s Sears-Roebuck 7s 3-year . 1923 So West Tel 7s . Stand Oil N Y 6S 1933 do 7s .- 1956 1051i Swift & Co 7s 1925 101 do 7s 1931 102 Texas Co 7s Notea 101 Vacuum Oil 7s . . .. 106 Cottonseed Oil Futures. Cottonseed oil futures at New York furnished by Jordan, Wentworth &.Co fort lard. June, $1111.75; July, $11.5611.60; August, $U.6811.70; September, $11.66 11.6S: October, $ll.ri11.13: Novem ber, $i.829.90; December, $9.599.62; January,. $9.1641)10.13. Cotton Market. . NEW YORK, June 16. Cotton futures opened steady. - July, 21.66c; October. 21.50c: December, 21.32c; January, 21.17c; March, 21.05c. , - Cotton futures closed steady. July, 21.88c; October, 21.85c; December, 21.63c; January, 21.48c; March, 21.32c. Spot cotton, steady; middling, 22.40c, Coffee Futures Lower. NEW YORK, June 16. The (Jiarket for coffee futures closed 3 to 7 points net lower. Sales were estimated about 87,000 bags. July, 10.09c; September, 9.83c October, 9.87c; December, 0.74c; January, 9.79c; March, 8.63o; May, 8.69o. Spot quiet, Rio 7s, 1010c; Eantos U, 14Ho. , 22,300 5,600 400 401) 4,600 47 -0 '93 78 68 15 32 22 200 122 122 400 2S28 100 107 107 5,100 46 44 1,800 78 8,600 14 1,00 21 6,800 41 78 11 200 47 2.700' 15 500 ,73 do Pfd i. . Cuba Cane 3,600 1 6 do pfd 1.300 33 Cuban Am Sugar 2400 23 Del & Hudson. . . Dome Mines . . . Del & Lack Davison Chem.. Endl Johnson.. Erie , do 1st pfd.... Elec Stor Bat . , .Famous Players. 7,100 Fed M & Smelt. . 100 do pfd ...... Fisk Tire Gaston Wms . Gen Cigars Gen Elec Gen Motor 11,200 14 do B Gen Asphalt.,.. 13, 100 53 Goodrich 1,500 38 Glidden Paint .. 300 15 Granby 200 28 Great Nor Ore . 1,400 38 Great Nor pfd .. 1,600 76 Greene Cananea. 300 30 Gulf 3 Steel .... 8,000 70 Glen Alden 100 52 Houston OH .... 6,600 73 Hupp Motor two 19 Ills Central Inspiration Int Ag Corp com 50O 10 do pfd 100 39 Interboro 2.600 . 1 do pfd 2.800 8 Interstate Cal .. 2.300 8 Int Harv 300 102 Int Mere Marine 4.300 19 do pfd 8,000 73 Int Nickel 4,100 16 Int Paper 1.700 46 Invincible Oil .. 9,700 15 43 38 92 77 66 7 13 21 40 77 11 46 45 73 46 39 92 88 15 .' 32 23 27 107 45 77 14 21 41 78 11 46 15 72 400 164 13 163 13 13 4 . 15 . 60 .270 18 . 10 . 42 7 1 ; 10 . 12 .113 Ask. 73 62 28 4 15 60 275 19 11 43 .7 11 12 114 Arcadian Bingham Minings . Calumet & Arizona Calumet & Hecla .. Ne-w Corn Centenial Copper Range . . .-. . Davia Daly Daly West East Butte Helvetia Island Creek Keewa-naw Kerr Lake Lake Copper ...... La Salle Michigan Mass Con ......... Mohawk ', . . ; . 84 May uia uolony ....... Mason Valley North Butte Nipissing North Lake Old Dom Cop Oseola Mining Obi.iawa Quincy Mining Isle Royal South Lake Supp Boston United Shoe Machinery. do pfd South Utah Superior Copper ....... Triniiy Copper Tuolumne Utah Metals Utah Con U. S. Mining do pfd .............. Ventura 2 ..... . Victoria - Winona Wolverine Wyandott . Standard Oil Stocks. Standard OH stocks furnished by Over beck & Cooke company of Portland: . - Bid. Ask. Angio 20 Borne Scrysmer 395 Buckeye 9,1 Cheesebrough .........185 Cheesebrough pfd ........ .110 Continental 140 Crescent S3 Cumberland ......... 130 2 2 3 ' 3 4 4 1 :- 1 2 3 3 3 64 65 4 5 1 2 12 12 6 6 80 50 26 26 33 34 2 .; 3 . 44 45 23 24 45 46 1 1 37 88 26 26 6 10 4 4 1 1 65 75 1 1 3 3 30 40 46 47 30 31 1 2 1 1 11 13 50 75 57 38 15 28 38 75 30 68 52 71 19 81 58' 38 15 28 88 75 31 69 50 73 19 200 103 103 103 600 40 39 39 10 39 1 3 8. 10 38 1 8 8 100 101 17 18 70 16 5 14 1 17 23 Island Oil 8,400 1 Jewel, Tea 4M 18 K C Southern .. 1,300 24 do pfd 400 56. 56 Kelly-Spgfld 5,400 46 44 Kor.r.ecott 3,900 83 32 Keystone Tire. .. . 8,700 16 14 Lack Steel 800 70 70 Lee Tire : 1,500 29 29 Ihigh Valley..'; 2,000 62 61 Lorlllard 100 150 150 . Lowe Theaters... 2,000 14 14 L & N 200 117 117 Max Motor "A".. 1.800 60 ' 63 do 1st Pfd B . B,3(H) 23 22 1 16 46 14 1 17 24 56 45 ' 32 14 70 29 61 150 14 116 85 23 May Stores 700 112 111 112 jviex petroleum, .ow.iuu i-ao Miami 1,000 28 28 . 143 28 Eureka Galena com Galena Oil pfd Galena New pfd Illinois Pipe Indiana Pipe . National Transit N Y Transit Northern Pipe Ohio Oil International Petroleum Penn Mex . .' Prairie Oil Prairie Pipe X .... . Solar Refining ....... Southern Pipe ..... South Penn Oil 90 57 ..108 ..100 . .107 . . 9 0 .. 27 . .170 .. 98 . .293 25 . . 35 . .580 . .250 . . 45 ...80 210 SO Indiana 108 n v ............... .040 S O Kentucky S O New York SO Ohio S O Ohio, pfd . Swan & Finch Vacuum Washington 64 408 450 117 34 . . . .405 23 O Nebraska -1 SO Imperial Oil . 109 20 410 93 195 112 145 35 140 94 - 59 111 104 17o 91 28 175 101 300 2.- 38 595 260 50 95 220 108 355 95 415 460 119 SS 410 27 190 110 . Foreign Bonds. Furnished by the Overbeck & Cooke company of Portland: Belgian rest '5s . . .' ... do prem 6s do 7s 1945 do 8s ..1941 do 6a 1925 Brazil 8s 1941 British 5a 1922 do Ss 1927. do 5s ...1929 do vky 4s Bordeaux 6s 1934 Canadian 6s 1937 do 5s 1926 do 5s 1929 do 5s : . .1931 do 5s 1921 Bid. Ask. TO 74 74 78 108 108 107 107 102 ' 102 105 105 92 . 94 03 96 94 87 78 82 84 85 98 99 89 .99 lOOi 101 88 99 99 100 The weekly grain' review ,pf Logan A Bryan of Chicago, received yesterday by Overbeck & Cooke Co. of this city, follows: Wheat All efforts to arrest the de cline in wheat during the past week were unavailing, although after the close tonight the feeling was materially im proved, based primarily on the ract. that the market has shown evidence of having been thoroughly liquidated and perhaps aomewhat oversold in anticipation of an early and voiumnous movement of new wheat. The feelinir of extreme bearishness has been due to two factors, notably, the unusually favorable crop outlook, both for winter and spring wheat and the continued stagnation in export trade, the demand from that quarter having re mained dormant for a longer period than anyone considered possible. Perhaps the most encouraging news of the week was the report received after the close -today to the effect that 2,000,000 bushels of wheat had been sold for export out of Chicago, It begins to look as tnougn tne wneat wliich came to Chicago to satisfy May contracts is being well cleaned up and by the end of tha month there will be very little here, making the July depend ent upon the new crop movement and it is reasonably certain that that will be well taken care of by millers and ex porters. If advices from tne otner side are to be relied upon, it looks as if European importers, Imbued wltn tne idea, or lower prices, are overstaying their market. In which case the demand, when it does get under way (and thi8 is Inevitabie), will be of greater magnitude than can be aupplled except at advancing prices. Argentina and Australia will not lie ser ious competitors until next February. Corn For some time past tnis marirei has shown evidence of working into a strong position and during the past week when wheat was declining rapidly corn prices were well maintained. For two years we nave neara notning but over-production, overlooking the fact that the disappearance has been the largest on reoord. This can ne nscnoea to its foedlng value, wnicn, Dasea on livestock prices, is at least 50 per cent greater than the prices being paid In commercial markets. By November it will probably be found that the carry over into the new crop ia going .to be little more than normal. Predictions as to the outcome of the new crop at this early date are of little value, "lit students or climatic con ditions are looking for a dry summer and a short corn crop. Oats Heavy liquidation of futures overwhelmed the demand and forced prices to new iow levels. Late in the week. Indications were not lacking that this liquidation had run Its course and the trade appeared inclined to recognize the unfavorable crop outlook, which heretofore has been Ignored. SAN FRANCISCO PRODUCE MARKET Price Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO, June 16. (State division of markets.) Poultry Broilers, 28Qlo0c; young roosters, 2S60c, old 14 18c; hens, 1681c; . ducTts, 2022c; live turkeys, 323oc, dressed 36(g'40c. P Fruit Apples, 8 and 4-tier. $2.15 4: Valenca oranges, $6.508.50; lemona. $57; aprlcota, per pound, 510c; grape fruit, S3a; strawberries, crate, 90c $1.20; raspberries, drawer, 7590c; blackberries, drawer,- 4060c; loganber ries, drawer 35 50c; gooseberries, per pound; 10loc; black cherries, pound, 310c: Royal Annes, 1012c; figs, small box, $11.50; peaches, crate, $1.25 1.7o; currants, drawer, 90c&'$l. Vegetables Artichokes, large crate, $4 8; asparagus, pound, 310c; beans, per pound, 16 16c; wax, 15c; carrots, sack, $33.50; celery, , crate, 50c$l,5O; cu cumbers, dozen, 25c$2; lettuce, crate, 75c$1.50: white onions, crate, $1.25 1.35; yellow, per cwt, $11.15; parsnips, sack, $3ps.25; peas, pouna, iia4c; po tatoes. $1.60192.75. new 24c: rhu barb, box, $1.25 1.50; summer squash, crate. siGzll.20; spinacn, per pouna, a 4c: tomatoes, crate. $2.252.50; turnips, sacks, $1.251.50; cantaloupes, standard crate. $2.50 2.75. Receipts Flour, 84H8 quarter sacks; wheat, 3200 centals; Dariey, odao centals corn. 55 centals; potatoes, 1237 sacks unions. 127 sacks: hay. 30 tons; hides. 1226; oranges and lemona, 430 boxes; livestock, 50 head. QUOTATIONS ON DAIRY PRODUCE Current Market Ruling on Butter, Cheese and Eggs. SAN FRANCISCO, June 16. (U. S, Bureau of Markets.) Butter Extra, 42c "firsta. 50c Egga Extras, 27c; extra pullets, 24c Cheese California flat fancy, isc NEW YORK. June 16. Butter Easier. Creamery higher -than extras, 3637c extras. 86c: firsts. 8235c.- Eggs Unsettled. State, nearby and nearby western hennery whites, firsts to extras. 233c. Cheese, firm. State, whole milk flats, fresh, specials, 1920c; average run, 18 1C. - - , CHICAGO, June 16. ButteT Higher creamery extras, 3oc; tirsts, 30V4I4c seconds. 28(5)29 V4c: standards, 35c. EgBS Steady; receipts, 19,827 cases firsts. 22c: ordinary firsts, 2021c miscellaneous,' 2121c; storage packed extras, 23c; storage packed firstB, 23c SEATTLE. June 16. Eggs and butter unchangea. Sugar Market. NEW YORK, June 16. Raw sugar centrifugal, 4.61c; refined fine granu lated, 5.80c. SAN FRANCISCO, June 1. Callfor- nian-Hawaiian raw sugar, 4,50c, Chicago Wheat Market Higher on Foreign Trading Crop Re ports Tell of Damage. CHICAGO, June 16. Big export sales led to material upturns today In the value of wheat. The market closed firm, to lc net higher, with July $1.11 1.11 and September $1.11 1.11. Corn finished c off to c higher; oats, c to c up and provisions varying from unchanged figures to a rise of 27e. It was estimated- that seaboard ex porters had purchased a total- of 2,000, 000 buahels.ot wheat hexe today and yes terday. According to one authority this buying cleaned up the bulk of the wheat taken On May delivery by a Chicago trader. Another bullish influence was h fact .that m forced selling had fol lowed .yesterday's decline and that do mestic crop reports xrora tne wumwwi continued to tell of damage from hot wenthar and from premature ripening. Besides, advices from India- said rains had been- disappointing, confined mainly to the west coast. During a lull In the demand for wheat j about midday the market suffered a harp setback, July delivery touching a i new low ievel for the week. Strong houses here and in the east, though, be came active a-galn -on the buying side of the market, causing prices to finish at nearly the top point of the session. Corn and oats were ruled chiefly by the changes la the price of wheat. Crop reports about oata were lese favorable Uian of late, the grain heading on short straw In parts of Illtnoia. . Despite increased warehouse stocks, the provision market finally responded somewhat to higher quotations on hoes- ( The Chicago grain letter received yes terday by the Overbeck & Cooke com pany of Portland follows: Wheat The action of the market to day was similar to that of yesterday, backing and filling in an irregular man ner but giving evidence of being in a well liquidated -position. Numerous mes sages telling of deterioration in southern Illinois, Missouri, Kansas an Nebraska, due to, tiie recent heat wavi, were re ceived, but, eentlment remains bearish on the foreign trade stagnation and the be lief that the Winter wheat crop is vir tually assured. Crop authorities agree that the -present high temperatures jus tify apprehension and if continued may not only reduce the yield, but may make a great deal of light-welht grain. Al though the seaboard said there was little change in the export sttuatlon, it was reported that two cargoes had been sold to Germany and rumblings were heard to the effect that a large quantity had been sold out of Chicago. One must not over look the fact that foreigners might be over-staying the market, aa they often do, . and, when the demand from tnat Quarter revives, as It. must sooner or later, it will likely be of sufficient mag nitude, to create a very strong position. Corn Mixed trade, market irregular during the forenoon, but developed con siderable strength toward the close. Weakness in the cash market induced some selling of futures, but also attract ed a' better cash demand and shipping sales of 235,000 bushels were reported. Country offerings to arrive - were some what more liberal, mostly for deferred shipment. Crop reports to date are mostly favorable, but a period of dry weather would undoubtedly be accompa nied by many complaints and students of weather conditions are predicting a drouth this summer. This market poa- considerable merit at present prices and we feel that purchases of fu tures will yield good returns. Oats had- a better tone than for sev eral days, with evidence that the persis tent liquidation has culminated. . Unfa vorable crop advices which heretofore have been ignored are beginning to at tract attention. Some improvement is noted in the cash demand, which is also an encouraging feature. Rye Selling credited to export inter ests gave the market a weak tone during the early trading, but strength developed later la sympathy with wheat. Cash rye was inactive and quoted nominally at the July price for No. 2. Leading futures ranged as follows: WHEAT. High; Low. Close. $ 1.11 f 1.08 $ 1.11 1.11 1.09 1.11 1.15 1.13 1.15 CORN. .62 .60 .61 .65 .63 .65 ,65 .63 .65 OATS. .34 .33 .34 .36 .35 .36 .39 .38 .39 , LARD. Ju1v-..JL37 11.42 11.85 11.42 Sept. 11.65 11.72 11.62 11.72 VEST-MADE IffiSKS installed by the Unitersity atomon. Big institutions of learning, the Federal Reserve Bank, Standard Oil Company, professional men from Canadian to Mexican border use WEST-MADE desks. Their judgment can be depended upon. West - Made- Desks are properly designed comfortable good to look at They've efficiently ar ranged drawer layouts. Easier to keep records and card Indexes. Perfectly seasoned woods, skilled workmanship and enduring fin ish are the unseen things that make WEST-MADE "The Fifty Year Desk." . It Is guaranteed. West-Made Desks are reasonably priced because of s u b s t a n t ial freight savings. They're built on the Pacific Coast. WEST-MADE DESK CO Portland, U. S. A. Sold in Portland 1y Bushong & Co. Kilham Stationery Co. Glass & Prudhomme Co. WE3T- The Fifty-Year Desk 2 Ebssskbs Open. July .$ 1.10 Sent Dec. . . July . Sept. Dec. . July . Sept. Dec , 1.10 1.14 .81 .64 ' .64 .33 .36 .39 July Sept. SHORT RIBS. 12,45 12.32 12.32 12.05 Cash prices were: Wheat No. 8 red $1.11; No. 2 hard, $1.13. Corn No. 2 mixed. 6060c; No. 2 yellow. 60 AB 61c. Oata no. 2 wnite, oao; no. a white,' 330360. Rye None. w Barley 55 62c. Timothy seed $45. Clover seed $1220. Pork Nomfnal. Lard -$11.35. Ribs $12.25 13. 25. j Cash Grain Markets. Furnished by Jordan, Wentworth & Co.. Portland. MINNEAPOLIS, June 16. Wheat No. 1. dark hard Montana, $1.34 1.89 ; No. 1 hard Montana, $1.25 1.81 rNo. 1 dark northern, $1.89 1.50 ; No. S dark northern, $1.36 1.45 ; No. : northern. $1.84 1.45. Corn No. 2 yellow, 5555o. Oats No. 2 white. 8182c. Barley 84 55c. ' t Flax $2.4902.61. ST. LOUIS, June 16. Wheat No. red, $1.18. Corn No. 2 mixed 5959c; No. J yellow, 60c; No. 2 white. 60c. Oats No. 2 white, 36c OMAHA, June 16. Wheat No. 2 bard. si.uo. Corn No. 2 white. 6454c No. 2 yellow, 6454c; No. 2 mixed,' 53 03C - , Oats No. 3 white. 8233c. KANSAS CITY, June 16. Wheat No. 2 red, $1.08; No. 2 hard. $1.1001.12. Corn No. 2 mixed, 5656c; No. 2 yellow, 68c; No. 2 white, 56 c. WINNIPEG, June 16. Wheat No. I northern, $1.31; No. 2 northern. $1.26; No. 3 northern, $1.16; No. 4 northern, $1.09. Primary Receipts. CHICAGO, June 16. Primary receipts Wheat, 754,000 bushels verus 1,123,000 bushels; corn, 723,000 bushels versus 1,013,000 bushels; oats. 666,000 bushels versus 670,000 bushels. Shipments Wheat, 480,000 bushels versus 840,000 bushels; corn, 813.000 bushels versus 719,000 bushels; oats, 637,000 bushels versus 284.000 bushels. Clearances Wheat. 253,000 bushels; corn, 257,000 bushels; oats, 80,000 bush els; rye, 140,000 bushels; flour, 56,000 barrels. SHEEP SUPPLY LIBERAL PltfCES AT IiOCAjj YARDS CONTIXrE WEAK. Sheep and Lambs Steady With No Changes In Quotations In Any Iiine. Ten loads of stock, mostly sheep and cattle, were unloaded at the North Port land yards yesterday. No changes were made in the regular list of yard prices. The bulk of the trading was in the sheep division, wnere values continue on a weak basis. Cattle were about steady for all classes. One load- of ood silo fed steers brought $8.50. Hogs were also steady. Receipts were 106 cattle, 23 hogs and 856 sheep. The day's sales were as follows: Wit. Pee. I Wgt. Pee. 4 steers. 425 $5.0O 2 ewes. . 170 $2.00 16 steers. 1148 7.501 lewe... 4 steers. 106O 5.001 23 ewes. 8 steers. 1151 6.501 1 steer. 21 cows.. 2 calvea. 19 calvea. 8 hogs. . 1 hog. . . 24 hoes. . 1 hog.. . 22 hogs. . 1 hog.. . 2 hogs. . 1 hog. . . 31 lambs. 23 lambs. 18 lambs. 18 lambs. 21 Jambs. 14 Iambs. 52 lambs. 35 lambs. 5 lambs. 2 lambs. 2 lambs. 3 lambs. -8 lambs. 1 lamb. . 30 Iambs. 1 lamb. . 25 Iambs. 1 lamb. . 17 lambs. 84 lambs. 5 lambs. 30 Iambs. 151 lambs 25 ewes. . 1 ewe. . 4 ewes, 1090 7.50 920 5.601 281 7.001 178 9.50! 147 11.851 300 O.OOi 223 11.50 280 11.00 52 ewes. . 35 ewes. . 2 ewes. . 1 ewe... 6 ewes. . 11 ewes . . 1 ewe . . . 4 yearl . . 2 yearl. 825-pound butchers. $1010.25; packing grades, $9.259.S5. Cattle Receipts, 2100: beef steers steady to 30c lower; top, $9.25; yearlings slow; other classes of stock generally steady. Sheep Receipts, 1000; all classes dull, weak at Thursday's full decline or 25 50c lower than Thursday; top native 1-ambs, $12.25; heavy ewes, $22.5; three loads good wethers, $6.50; feeding lambs quoted up to $11, San Francisco Livestock Market. SAN FRANCISCO, June 16, Steers No. 1, $6.50 T; No. 2, $5.256.25; cows and heifers. No. 1. $4.505; No. 2, $4 4.50: bulls and stags. 44.25; light calves, $89; heavy, $57. Sheefp Wethers, $6.507; ewes, S34; lambs, $10.oO 11.50. Hogs 123 to 20O pounds, $12; 200 to 250 pounds, $11; 250 to 300 pounds, $10. Seattle Livestock Market. SEATTLE, June 16. Cattle and hogs steady; no receipts; prices unchanged. WOOI. HAS HALTING TENDENCY. Bayers' Limits Reduced in Some Sections of West. BOSTON. June 16. The Commercial 150 2.00 Bulletin tomorrow will say: 136 3.00 The wool market shows a halting tend- 114 3.00, -nCv at the present moment, both in the eastern markets and in the west, where the buyers' limits in some instances have been down. The prices paid at Kerri ville on the whole show a slight reces aton from the extreme pricea of a week 113 73 3.00 4.00 110 3.00 102 2.00 214 11.851 2 yearl.. !70 11.601 1 yearl.. 255 11.00 410 6.30 72 10.60 62 7.001 70 10.50 52 7.001 70 8.00 69 6.C0 64 11.00 142 150 90 75 75 100 101 80 S.OO S.0O 6.00 7.00 7.50 4.00 7.00 9.00 6.00 5.00 9 00 2.50 3.00 2.50 6 25 8.60 5.75 7.50 5.76 870 3.70 670 5.00 170 120 200 650 5.00 O.Ot) 4.00 4.00 6 yearl 12 yearl 10 wethera 129 1 wether. 120 1 wether. 120 lbuck.. 170 lbuck.. 100 lbuck.. 140 10 steera. 957 61 11.0031 steers. 1026 4 6 6.25i88 steers. 1006 60 lO.OOllB steers. 1096 55 10.00127 steers. 1081 - 56 8.001 1 cow. . . 4 2 7.00 2 cows. . . 50 7.00! 1 calf 57 7.00 3 calves. 60 6.08 1 calf.....' 70 10.251 1 bull. : . 60 10.251 4 hogs. .. 71 10.251 4 hogs... 72 10.251 1 hog. . . 56 10.251 4 hogs... 74 10.50s 8 hogs.. . 69 111. 7511-5 hogs. .. 160 8 50140 lambs. ISO 2.00(28 lambs. 80 3.50160 lambs. Prices quoted at the Portland Union stockyards were as followa: Choice hay-fed steers $ 8.25 8.73 Med. to good b-ay-fed steers. 7.75 8.25 Choice grass steerB Medium to good steers Fair to medium steers Common steers Choice cows 'and heifers.... Med. to good cows, heifers. . Fair to med. cows, heifers.. Common cows 212 10.00 125 12.00 2 11.50 165 11.75 153 11.75 161 11.60 66 7.00 65 9.00 71 9.00 5 8.25 6.75 7.75 6.25 6.75 5.00 6.25 6 23 8.50 6.25 C.25 4.25 5.23 3.50 4.50 Minneapolis Wheat Futures. MINNEAPOLIS. June 16. Wheat July, $1.81; September, $1.18; Oe ccmber, $1.18. Winnipeg Wheat Futures. WINNIPEG. June 16. Wheat July, $1.24; October, $1.14. - Suluth Linseed Market. DULUTH, June 16. Flaxseed, July, $2.50; September, $2.48; October, $1.44" bid. . Grain at San Francisco. SAN FRANCISCO. June 16. Wheat Milling, $1.851.95; feed. $1.8501.95. Barley Feed, $1.171.22; shipping, $1.301.85. -Oats Red feed. $1.17 1.22. Com White Egyptian, nominal; red milo, $1.901.9S. Hay Wheat, $1618: fair, $1416; tame oat, $1518; wild oat. 1113; alfalfa, $15 18; new, first cutting, $13 15; stock, $1012; straw, nominal. SHATTLB, June 16. Wheat,' hard white, soft white, whits club, soft red winter, $1.12; hard red winter, $L13; northern spring, $1.10: eastern red Walla, $ft)9; Big Bend bluestem, 51-30. Hay and feed unchanged. Dried Fruit at New York. NEW YORK, June 18. Evaporated apples quiet. Prunes steady. Peacheff q.uit. Cannera 2.00 3.60 Bulls 8.75 5.00 Choice dairy calves ......... 8.30 8.-50 Prime light calvea .- 8.00 8.60 Medium light calvea 7.00 8.00 Heavy calves 4.50 7.00 Hogs Prime light 11.7512.00 Smooth heavy, 200-300 lbs.. ll.O011.73 Smooth heavy, 300 lbs. up .. 10.00 11.00 Roujrh heavv 6.00 10.25 Fat Pigs 11.7.112.0O Feeder pigs 11.7312.O0 Sta-gs. subject to dockage .. 3.00 8.00 Sheep Best spring lambs 10 00 11.00 Medium spring lambs 9.00 10.00 Common spring lambs 7.00 8.00 Cull lambs 00 7.00 Light yearlings B.oo 8.00 Heavy yearlings 7.00 8.00 Light wethers .. f. 7.00 8.00 Ewes 2.00 6.00 Chicago Livestock Market. CHICAGO, JUae 18. (U. S. Bureau of Markets.) Cattle Receipts, 4000; beef steers better grades she stock and can ners steady; bulls in between grades she stock, stockers and veal calves weak to lower; quality plain; early top beef steers, $8.90; bulk beef steers, $8.25 8.75; fat she stock mostly' $3.257.25: canners and cutters largely $3 4; bolo gna bulls, $4.604.73; veal calves, $8.50 9.00. Hogs Receipts, 25,000; market active; mostly 5 to lOo higher than Thursday's average; top, $10.80; bulk, $10.1010.75; pigs slow, weak; packing sows strong to higher, mostly $9.2o10; heavy weight, $10. 40 10. 65; medium weight, $10.5510.75; light weight. $M.7010.80; light lights, $10.3510.70; packing sows, smooth, $9.4510; packing sows, rough, $9.109.3O; killing pigs. $9.5O10.4O. Sheej) Receipts, 7,000; market steady to weak; top Iambs, $12.50; bulk desira ble natives, $1212.25; culls dull, mostly $6.507; best light ewes, $6.50; heavies to packers, around $2.50; two-thirds of receipts direct to packera Kansas City Livestock Market. KANSAS CITY, June 18. (U. S. Bu reau of Markets.) Cattle Receipts. 1700; few better beef steers around 10c higher; top, $9.60; other grades weaker; calves, she stock and yearlings steady to weak; cows, $4.505.60; good yearling heifers, $7.75; practical top on vealers. $8; common kind, $55.60; other classes around steady; canners largely around $2.75'; cutters mostly $3.504. Hogs Receipts, 4500; steady; shippers took about 800; bulk 17 to 240-pound weight to packers, $10.40 10.30; top. $10.30; 250- to 300-pound averages, most ly $10.20 10.35; bulk of sales, $10.20 10.50; throw-out sows, mostly $9; stock pigs, 23c lower; bulk good kind, $10.50 10 73. ' Sheep Receipts, 1300; breeding ewes and native lambs steady; top, $11.75; culls, 5.50; Texas goats, $4. i Omaha Livestock Market. OMAHA, June 16. (U. S. Bureau of Markets.) nogs iteceipts, iuduv; ac tive. 610c higher. than yesterday's av erage; bulk 180 to 250-pound butchers, ago. The manufacturers' position is hardly changed, the tendency still being to mark goods up to the parity of raw wool prices. Tariff indications as translated from the senate this week are aken to be that progress on the bill will be faster with a llkMhood of modification of extreme rates. London Is a bit easier since the open ing, especially on inferior wools and the foreign primary markets on the whole are easier except on the best fine wools. The Commercial Bulletin will tomor row publish wool prices as follows: Ore gon eastern No. 1 staple, $1.301.33; fine and medium combing, $1.20 1.35; east ern clothing,. $1.101.20; valley No. 1,. $1.101.12. Chicago Fotato Market. CHICAGO, June 16. Potatoes weak; receipts 70 cars; total United States shipments 868; Louisiana, Arkansas, Oklahoma and Mississippi, sacked Bliss Triumphs No. 1. $2.753.25 cwt.; Ala bama, sacked Bliss Triumphs, $2.75 3.25 cwt.; Alabama sacked Spaulding Rose No. 1. S2.25ffl2.50 cwt.; Alabama sacked round whites, poorly graded, $2.25 cwt. ; North Carolina stave barrela Irish Cobblers No. 1, $55.35; poorer grade, $3.75 4.B0; eastern shore Vir ginia Irish Cobblers stave barrela No. t, $6.75; old stock steady; Wisconsin, Michigan, sacked, round whites, $1.852. Metal Market. NEW YORK, June 16. Copper steady; electrolytic, spot and futures, 13 14c Tin firmer; spot and near-by months, 31.62c; futures, 31.50c Iron steady; prices unchanged. Lead Bteady; Spot, 5.756c. Zinc quiet; East St. Louis spot and near-by delivery, 6.405.42c. Antimony, spot, 6.12 5.37c. . Naval Stores. SAVANNAH. June 16. Turpentine firm; sales 170; receipts 666; shipments 376; stock 1762. Rosin firm; sales 782; receipts 1845; shipments 1341; stock 66.J27. Quote: B $4.20; D, $4.50; E, $4.70; F, $4.75; O, $4.80; H, $4.85; I, $4.90; K. $5.25; M, $5.35; N, $5.60; WG, $6.25; WW, $0.70. $6.70.- . Standard Textile Dividend Declared. NEW YORK, June 16. Directors of the Standard Textile Products company today declared the regular quarterly div idend of 1 per cent on preferred A and B shares, payable July 1. No action was taken on common stock. Dormitory Contract Let. EUGENE. Or., June 16. (Special.) The contract has been let and work has been started on a new three-story dormitory on the campus of the girls' coll-ege of the Eugene Bible university in City Outlook ad dition in the southern part of the city. The building permit issued yesterday calls for an expenditure of $8770. Read The Oregonlan classified ads. MUNICIPAL BONDS Yielding 5 to 7 Send for circulars. ATKINSON-ZILKA & CO. Bonds N.W.BankBldg. Main 700 JORDAN, WENTWORTH & CO. Sucee?5ors to TTEKRIN & RHODKS, INC. STOCKS, BONDS, COTTON, GRAIN Correspondents E. F. Hutton & CO., NEW YORK. Members All Leading Exchanges. Hanson's service on vue. $10.30910.40; top, $10.45; bulk 260 to ! Bdwy. 4725, 201 Hallway Exchange Illdsj.