21
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.