Morning Oregonian. (Portland, Or.) 1861-1937, June 21, 1922, Image 22

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Morning Oregonian., June 21, 1922, Page 22, Image 22

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Newspaper Page Text2 THE MORNING OREGONIAN, WEDNESDAY, JUNE 21, 1922 ' HEAT HIGHER BUT Till IS LIGHT Crop Conditions Are Lead ing Factor at This Time.. EUROPE IS INTERESTED Export Business Expected to As sume Larger Proportions if Mar ket Kecovery Is Permanent. Grain men felt more encouraged yes terday when the eastern wheat markets rallied and a little more trading was reported here and in the country, but the total volume of business was not large. Export club was worth about $1.15 to Sl.lS1,. Farmers will not consider less than $1 net ror new wheat, and, this price is not being offered now. Less satisfactory crop reports in the east and Canada and some export busi ness brought the day's recovery in the market, It Is conceded that Europe will need much American wheat before the new crop is 'available, but the for eigners held off from buying while prices were inclined to go' down. Now that the market has steadied they are disposed to . make purchases and this buying will naturally add to the strength of the market. The real governing factor, however, will be the extent of the new crop In the United States. All wheat bids at the Merchants Ex change were 1 cent higher than Monday. Little interest was shown in coarse grains. Grain bags were quiet and the market had a weak undertone with 10 cents nominally Quoted. Late cables from India reported May shipments of burlaps to the United States at 78,800,000 yards, of which 71,200,000 yards went to 'Atlantic ports and 7,600,000 yards went to Pacific coast ports. Another cable placed May shipments at 75,000,000 yards, of which 67,500,000 yards came to the east coast and 7,500,000 yards to the Pacific coast. The daily Chicago wire to the Gray Rosenbaum Grain company follows: "Wheat advance largely due to shorts covering. Bears become overconfdient on breaks and with liquidation having eliminated a lot of weakly held, grain market in better position to rally. Ex port demand not Improved. Milling demand-some better. Nothing in the situ ation to warrant advance. Liverpool wheat closed unchanged to 4o higher at 10s 4d for July and 10s 2& for September. Spot Australian lis 6d, No. 1 Manitoba lis 6d, No. 2 red winter 10s 5d. Buenos Aires wheat opened 1 cents lower at $1.14 for August and $1.15 for September. The demand for wheat was slow. Terminal receipts; In cars, were re ported by the Merchants Exchange as follows: Portland Wht. Brly. Ftr. Oats Hay Tuesday 4 2 1 4 Tearago 123 2 2 3 1 Season to date. 28,748 278 2208 381 2080 Tearago 20,532 804 1137 620 2476 Ta.ro mar- Monday R .. . 2 Tearago 27 .. 2 1 .. Season to date. 10,151 98 1385 192 851 Tear ago 5,002 64 1062 193 960 Seattle Monday ...... 27 8 4 3 Tear ago 28 . . 5 5 5 Season to date. 8,679 184 2111 401 179R Tearago 4,731 230 632 511 1527 SOUTHERN BUTTER MAKE LIGHTER. Coast Markets Are on firm Basis East Is Steady. Xhie to the large numbers of convention vlaitors in. San Francisco the past week, demand for butter was unusually strong. Prices advanced with the active trading and although receipts from outside the state were heavier, consumptive demand was sufficient to keep trading stocks well cleaned up. The price of 92-score butter mounted lo from Friday to Friday and during the past four weeks registered a gain of 44 c From April 4 the low point In prices, there has been an advance of 5c. While some dealers continue to pre dict lower prices in July, the market con tinues firm and no doubt production is gradually declining with the advance of the season. Los Angeles is still short of 92-Bcore butter and above, and that mar ket closed Friday at 40c. Storage hold ings at the large markets on the Pacifio coast now are 229,831 pounds more than last year. The eastern markets were typical of previous weeks during the month. A glance backward shows that the prices of were approximately a follows as an aver age; Chicago 350, New York 86c, Bos- ton and Philadelphia S6V4c Every time the markets advanced above this basis they became easy, and as soon as a de cline was registered, more strength be came apparent. All month. Including the past week, there were only minor price changes. This Indicates a very constant relation between the supply and demand. , Early In the month a large proportion of the trade felt that prices were too high, but at that time receipts were also lighter. Later, after prices had held fairly steady and demand continued good enough to keep stocks moving, more buy ers came In for their needs of June storage butter, which took care o,f the heavier receipts. The markets have been remarkably steady without any real signs of weakness. Production and re ceipts are heavier than last year, but the Into storage movement Is also heavier, cutting down the shortage in the hold ings under last year. Quality generally Is running good but some of the usually fine'marks are off flavor to some extent. Summery, oily and fishy flavors are most prevalent. EGO QUALITY IS DETERIORATING Surplus Stocks Still Going Into Storage Poultry Supply Larger. Live poultry continues to ' move In large volume, which has caused lower prices for both live and dressed fowls in the large consuming markets. Pros pects are for a continued good move ment during the remainder of June, - says the produce review of Swift & Co. A T I .- - .. V. ' 1 . broiler sizes are arriving in the consum ing markets in larger quantities and as a consequence the selling priceB have worked to a lower level. The general impression seems to be that the number ; or young chickens raised this year Is very neavy and from now on will move In larger quantities each week. Hot weather is causing further de terioration in quality of eggs, which are moving In normal quantities for the sea son of the year. The demand Is not as good as It should be and eggs are still going Into storage in liberal Quantities. Demand at the present time Is for eggs of fine quality and the producers can help this situation considerably by gath ering their eggs once or twice each day, keeping them in cool places and marketing them several times each week. Production of butter Is now about at the high point, but as there is good de . mand both for Immediate use and for storage purposes, the market continues on a high level. If present hot weather VEAL MARKET VERY FIRM. IMMEDIATELY. SHIP THE SAVINAR CO., INC. 100 Front Street, Portland, Oregon. continues, especially without rain, It will have considerable effect en the pastures, which will mean decreased production. Cube Butter Sells WelL The local demand for butter was good and the market was on a llrra basis, with the best cubes selling at 35 cents. Eggs were generally steady. There was a fair demand and the supply of henneries was not large. - Poultry and dressed meats were quiet at unchanged prices. v Cantaloupes Are Reduced. Several cars of cantaloupes were re ceived yesterday and prices were fur ther reduced, standards selling at $4.75, ponies at $4.50 and flats at $2.25. Local demand was better. Watermelons were offered at 4B cents a pound and were slow sales.. , Bank Clearings. . Bank clearings of the northwestern cities yesterday were ae follows: Portland $ 6.S18.82V $1,458,386 Seattle - 6,016,428 1,74U.048 Spokane . . . 1,531,102 496.762 Tacoma. ........ Transactions 3,202,000 PORTLAND MARKET, QUOTATIONS Grain, Flour, Feed, Etc. Merchants' Exchange, noon session: -Bid- June July -nn Aue. Hard .white.... Soft white White club .... Hard winter Nor. spring ... Red Walla . Oats No. 2 white Fd. No. 2 gray. .... ... 1.15 $ 1.14 $ 1.09 1.09 1.09 1.09 1.09 1.03 27.00 26.00 1.14 1.14 1.14 1.14 ' 1.09 33.50 32.00 1.09 1.09 1.09 -1.03 85.50 32.00 Corn No. 2 B. Y. shlpm't 29.00 29.00 29.00 FLOUR Family patents, J8 per bbl.; whole wheat, 7; graham, $6.80; bakers' hard wheat, $7.80; bakers' bluestera pat ents, $7.60; valley soft wheat, $6.25; straights. $6.33. MILLFEED Price f. o. b. mill: Mill run, ton lots, $35; middlings, $41; rolled barley, $3U38: rolled oats, $43; scratch feed, $50 per ton. CORN White, $35; cracked, $3T. HAY Buying price, f. o. b. Portland. Alfalfa, new, $14.5013.50 per ton; cheat, $15016; oats and vetch, $14; clover, $17; valley timothv, $18; eastern Oregon timothy, $21 22. Butter and Country Produce-, ' BUTTER Cubes, extra, 35o per lb.; parchment, wrapped, box lots, 40c; car tons, 41c. Butterfat, buying price, . No. tfgrade, 41c delivered Portland. EGGS Buying price, current receipts, 20 21c dozen; hepneries, 23(3) 24c dozen; Jobbing prices, case count, 2122c; candled ranch, 25c; selects. ' 27c. CHEESE Tillamook triplets, - price to Jobbers, f. o. b. Tillamook, 23c; Young Americas, 24c pound. POULTRY Hens, 1622e; broilers, 17 25c; ducks, 20 25c; geese, nominal; turkeys, live, nominal; dressed, 40c. VEAL Fancy, 1212c per pound. PORK Fancy, 15o per pound. Fruits and Vegetables. Local jobbing quotations: FRUITS granges, Valencia, $6,509 9.75 box; lemons, $7.509; grapefruit, $511.50 box: bananas. 910c pound; apples, $1.502 per box; strawberries, Oregon,$1.502 per crate; cantaloupes, $2. 26 4.75 per crate; cherries. 10 25c pound; gooseberries, 78c per pound; peaches, $22.25 per box; watermelons, 45o pound. POTATOES Oregon, $1.251.80 per 100 pounds; new California, 45c per pound; sweet potatoes, eastern, $1.75 pel crate. ONIONS Crystal wax, $1.75 per crate; Calif ornia red, $2.25 per sack; yellow, $2.75 per sack. s VEGETABLES Cabbage, 454e pel pound; lettuce, $2.502.75. crate; garlic, 10 15c per pound; green peppers, 25c per pound; tomatoes, $33.50 per crate; cucumbers, $1.252.50 box; rhubarb, 3 4o per pound; spinach, 78c per pound; asparagus, $1.752 per dozen; green peas, oSpl2c pound; beans, 1518o per pound. Staple Groceries. Local lobbing quotations: SUGAR (sack- basis) Cane, granulat ea, e.woc pound; beet, .70c per pound. NUTS Walnuts, 1535c per pound; Brazil nuts. nldc; almonds, 21V4 26c; peanuts, 10 11c per pound. RICE Blue Rose, 6.456.75 perpound; Japan style, 6.106.25c per pound. COFFEE Roasted, bulk, in drums, 2036V4o per pound. SALT Granulated, bales. $3.254.05; nan grouna, ton, ous, 117; lous, JItJ. DRIED FRUITS Dates, 14c per pound; figs. $1.902.75 per box; apples, 15c per pound; peaches, 16c; apricots, 23c; prunes, 914c. BEANS Small white, 88c; large, white, 6c; pink, 5?4c; bayo, 6&c; red, 5toc; ilma, 11c per pound. Provisions. Local jobbing quotations: HAMS All sizes, 3639c; skinned, 34 41c: picnic, 18c; cottage roll, 25c. BACON Fancy, 39 45c; choice, 30 34c; standards, 2527c.1 LARD Pure, tierces, 15c pound; com pressed, tierces, 14 c DRY SALT Backs, 1922c; plates, ITe. Hides, Hops, Etc. HIDES Salt hides, 5c; salt bulls, 4c; green bulls, lc less; grubby hides and bulls, lo less; salt calf, 10c; salt kip, 7c; salt horso bides, $12 each; dry horse hides, 50c$l each; dry hides, 10c; dry cull hides, half pries. PELTS Dry pelts, 17c; dry short wool j.elts, half price; salt pelts, full wool, April take-off, $1.251.75 each; dry goat skins, 12c (long halrl. TALLOW No. 1, 4c; No. 2 3c per pound; tank tallow, 2&c per pound. CASCARA BARK New peel, 5o per pound; old peel, 6c per pound. OREGON GRAPE Grape root, 5c per pound. , HOPS 1921 cropXflorninaL 1214cper pouna; coniracis, .lac. WOOL Eastern Oregon. 26 39c r,er pound; valley wool, 20 36c. juuivik iong staple. 3233e: deliv ered Portland; carding, 28c; burry, 20o per pound. GRAIN BAGS Car lots, lOo, coast Oils. LINSEED OIL Raw, in barrels, $1.10; 6-gallon cans, $1.25; boiled, in barrels! $1.12; 5-gallon cans, $1.27. TURPENTINE In drums, tl.40: five. gallon cans, $1.55. WHITE LEAD 100-pound kegs, 12c per pound. GASOLINE Tank wagons and iron barrels, 26c; cases, 38 He. tumber. The followine are direrr niintci,,... .... ("Douglas fir and represent annrnn j-oiv prevailing i. o. u. mm prices in carlols and are based on orders that have been nesoiiaLeu. Pre- vajiine Flooring High. Low. price 1x4 No. 2 VG $52.00 $48.00 $49.00 1x4 No. 3 VG 41.00 30.00 40.00 IX INO. 2 Sc JB, Sli. . 30.00 34.00 1x6 No. 2 & B, SO . . 39.00 36.00 Stepping 85.00 No. 2 & B 65.00 Finish No. 2 and better 1x8 10-inch 68.00 Casing and base .... 63.00 Ceiling 94x4 No. 2&B 85.00 1x4 No. 2 & B 86.00 1x4 No. 3 81.00 Drop siding 1x6 No. 2 & B 38.00 lxC No. 3 '. 33.50 Boards and S L No. 1 lx8-10-inch SIS ... 17.50 lxl2-inch 18.00 Dimension No. 1 2x4 12--4S&E 18.50 62.00 53.00 60.00 31.00 31.00 26.00 35.00 28.50 11.50 14.00 63.00 85.00 36.00 38.00 15.50 12.50 15.50 Planks and small timbers 4x4 12-16 3 4 S . 21.50, 16.50 8x10-12 12-16 S 4 S . 20.00 18.00 19.50 Timbers 62 feet and under 6x6-8x10 8 4 8 24.00 19.00- ..... Seattle Grain Market. SEATTLE, June 20. Wheat, hard white, hard red winter, $1.14; soft white, white club, soft red winter, northern spring, $1.13; eastern red Walla, $116; Big Bend blueseem, $1.25. Hay and feed, unchanged. Washington Conference Called. OLTMPIA, Wash., June 20. fSne- cial.) W. J. Hayes, director of business control, today called a conference of all superintendents of state institutions with representa tives of the state purchasing divi sion and his department to be held at Walla Walla July 10. The funda mental reason for the conference, Mr. Hayes says, Js to allow the superintendents of the different in stitutions to review the industrial work that la being carried on at the state penitentiary "and also- to decide upon a standard specification for the manufacture of different articles of wearing apparel and shoes for inmates of state institu tions. Read The Oregonian classified ads. MARKET IN BONDS FliJi BUOYANT Shorts Caught in Most""Un comfortable Position. RISES ARE SPECTACULAR Strong Technical Position and Fa vorable News Developments Favor New York Market,' BY MONITOR. (Copyright by Public Ledger company. . Published by Arrangement.) NEW YORK. June 20. (Special.) Fa vored by a strong technical position and a series of constructive news develop ments relating directly to the general -business and financial situation, today's stock market displayed unmistakable firmness and buoyancy. Shorts found themselves in & most uncomfortable posi tion and their efforts to extricate them selves were responsible for spectacular r rise in such issues as Mexican Petrol eum, Studeoaker, Crucible Gulf States, Steel, United States Industrial Alcohol, Lackawanna eteel, U. 6. Rubber, Burns Bros., Republic Iron & Steel and a King list of specialties. "' Those who had hastily come to the conclusion that the advance in .the mar ket had discounted all that was favor able In the situation were hardly pre pared to withstand the stimulating ef fect of such developments as the decision to postpone action on the bonus bill for the present, the impressive figures on car loadings, which show a substantial gain in traffic overa wide area, and the big equipment orders now being placed, with the prospect of more to come. Aside from the sharp advances that took place in the oversold oils, steels, equip ments and motors, a strong upward movement in the rails furnished the leading market feature. For the first time in weeks the rails were active and firm. The technical position had been strengthened by recent liquidation and short selling prompted by fears of a decline in the event of a railroad strike. Recent traffic returns have been most encouraging and the declaration by the Great Northern railway directors of a semi-annual dividend of 3 per cent on the preferred stock appeared to be the only thing needed to set the group in motion. Great Northern advanced more than four points, and good advances were scored by Northern Pacific, St. Paul preferred, Pittsburg & West Virginia, Union Pacific, Chesapeake & Ohio, Le high Valley and numerous others. Acttvfty In the steel Industry is be coming Intensive. Chicago reports mill deliveries so far behind that producers refuse to make promises except on a few products. Some mills In the Youngs town district are working close to 100 per cent capacity. The sharp recovery in foreign ex changes may be set down largely to short coverings. London was reportea as a heavy buyer here. Confidence in the market situation has been so largely restored that it Drobabiy would require some adverse demands of a striking character to cause a return of last week's reaction and hesitation. Mexican Petroleum was. again the feature of the day. and the drive car ried the market to 171 before the position became, easier. Loaning rates were flat to 1.32 per cent premium with stock scarce. Mexican Petroleum and Pan-Ameri can should issue their reports this com ing Friday or the following Monday. It is generally exnected that Mexican Petroleum will show earnings for the year of $25 a share on the common as compared to $20.50 in 1920 and $14.75 With the stock makinjr new high for year each day. traders are looking back Into the flies for past performances. These records show yesterday's high as the years high; iast years low: record high for all time 264 in 1919 and record low for all time 41 In 1913. e Call money again eased off In the late trading, closing at 2 per cent with little change in the local situation. Corn Products took its place with the industrials, which are recovering sharp ly and sold up to 105 today, new buy ing being based on the good earning record of the company. At the present time the company is operating about 60 per cent of capacity and exDects to re open the Edgewater plant early next month. During the first quarter Corn Products earned $3.47 per share on the common and present earnings are run ning well In excess of $1.50 dividend re quirements. Directors of Great Northern declared the regular semi-annual dividend on the stock today, . this action bringing In very good buying movement which car ried the issue up 4 points. Great Northern is looking forward - to a good improvement in lumber, ore and crop movements. However, the road will suf fer in one respect as most of its heavy traffic will come after July 1 and there fore come under the lower rate schedule. Buying: of American ice today was of the same sort that has preceded other directors' meetings this year and was based on hopes of an extra disbursement to be declared at the June 27 meeting, Current strength in the oils is based on some thing more than speculative ac tivity, as recent reports from the gaso line markets have been mora bullish. May is usually a month of excess con sumption, as the trade is Inclined to draw heavily on stocks in addition to the strong summer demand for motor use. . Mexican envoys and American oil leaders are in close conference in New York city at present with the future of the oil industry in Mexico as the sub ject. No announcement has been made as yet although experts of the commis sion were busy on figures late this aft ernoon. Harry F. Sinclair has not at tended the meetings as yet, as he iB making- an inspection trip to the Teapot Dome field. Oregon Banking and Bond News, ' Local bond houses will participate in the sale of the 25,000,000 New York Central 5 per cent equipment bond is sue, which will bo made today by J. P. Morgan & Co. The securities will ma ture serially from one to 15 years. The money obtained will be used for the purchase of new equipment for the road. The New York; Lackawanna & West ern railroad has applied for permission to Issue J30.000.000 worth of 5 per cent bonds. These, if approved, will be secured by the Delaware, Lackawanna & West ern. . . ' After having passed several weeks ac quainting himself with. his new position of assistant vice-president of the Anglo & London-Paris National Bank 'of San Francisco, Luke Goodrich Is back in Oregon looking after the interests of nis financial institution. He was former ly vice-president of the First National Bank of Eugene, but resigned recently to take the position he now hold.8 In San Francisco. He visited with the local bankers yesterday. A ready sale for irrigation bonds was found yesterday when G. E. Miller & Co. offered $223,000 6 per cent Toole county (Montana), irrigation district funding bonds, Practically the entire is sue was sold during the day. Freeman, Smith & Camp also announced the sale of practically the. entire issue of the Logan (Colorado), irrigation district bonds. . . After having passed a vacation in the banta Clara valley of California, Will iam D. Stubbs, assistant to the presi dent of the Northwestern National bank, is back on the job again. . "The parts of California that I visited never were in better shape," declared Mrj Stubbs. "Crops are good and there is no com plaint regarding the prospects for finan cial improvement." Bond dealers of the 'entire country are expeotlng July to be- a big- month, c- cording to Clayton D. Quaw of the firm of W. H. Quaw & Co., New York, who was in Portland yesterday. "We are looking for a stronger market than we b.ave found in months," he said. "July always is fairly good, but we expect it to be abeve the average this rear." . Having beard so much about the Port land Rose Festival Miss Agness Qulnn and Miss Catherine O'Hearn, employes of the O'd National Bank of Spokane, are spending their vacation here. They had letters from their employers te C. Bammons, assistant cashier and one of the few bachelor officials of the United States National bank. m Fishing is good and the ideal place for a man to spend his vacation is around Metolius, aocording to B. O. Banders, assistant cashier of the Cltliens' State aunx oi Metolius, who was In Portland yesterday. He came here to attend to business for his institution, but inci dentally is taking in the Rose Fes tival. A. L. Tucker, vice-president of the United States National bank, closed bis desk for a two-weeks' period last night and has departed for Hayden lake, Idaho. -tie lett the city equipped with fishing lacaie, paining suit and all that goes to make a vacation successful. Blyth, Witter & Co. is offering for sale an Issue of $750,000 fl per cent cumu- Vianvv jircicrreu block oi , xne jracitio Telephone & Telegraph Co. The securi ties win be sold at bS. . Miss Ruth A. Fry, assistant cashier of the First National Bank of Lebanon, Is visiting in Portland. Yesterday morning she called on banking connections. DRY WEATHER IN CIDH WHEAT CROP SUFFERING FROM LACK OF RAIX. Unfavorable Reports of Domestic Conditions Also Aid in Giv ing Market Upturn. CHICAGO, June 20. Dry weather complaints from Canada -and from some sections west of here had considerable to do today with brining about an ad vance in the price cf wheat. The mar ket closed unsettled, 2o to 2o net hlgrher with July, fl.12 to ll2 and September $1.13U to $1.13. Corn sained c to lc and oats o to c In pro visions the outcome was unchanged to a Probable deterioration from lack of rain formed the outstanding feature of wheat reports from Canada and led to a good deal of buying near the end of the session in the wheat market. At the same time talk was current that parts of .Nebraska and other states needed ram and that the expected yield of winter wheat in such relatively dry territory had -been diminished to & material ex tent by recent extreme heat. Earlier in the day, an upturn in wheat quotations at Liverpool and in sterling exchange proved .helpful to the bull aide of the market here. Some improvement in domestic flour trade was noted and the seaboard ad vised of 500,000 bushels of wheat worked for export. Corn and oats were mainly influenced by the action of wheat. Good demand for corn for export was said to prevail at the seaboard. Provisions averaged a little higher in line with hogs. The Chicago grain letter received yes terday by the Overbeck & Cooke com pany of Portland follows: , Wheat. It was very evident early in the day that the bear news which has been bo predominant of late has pretty well spent its force and that the market is now vulnerable to any change in the general run of news. Tne buying was more impressive than for several days, seemingly based on the idea that an im proved demand for cash wheat is im pending and also that the final out-turn of winter and spring wheat will be less than the June 1 forecast. Receipts in the southwest continue liberal, but the demand today was better and prices higher. The Minneapolis market also was steady, except for some of the lower grains. Export news was mixed and cables reported generally disappointing, although sales for day were estimated at 500,000 bushels. It is to be expected that the market from now on will be more susceptible to bull than to bear news. Corn. There was good demand for corn "both in the pit and cash depart ment, and closing prices 'were the best of the day. 'A significant feature la that pressure 'Is steadily diminishing, while Interest on the buying side is gradually reviving with sentiment favoring higher prices. Receipts were smaller and coun try offerings to arrive light. Crop re ports to date have been generally favor able. We look for higher prices to ob tain before very long. Oats. Trade today was in good pro portions, with the market displaying a decided upward" tendency, influenced In large part by very discouraging crop re ports from all parts of the belt. Re ceipts were small and the cash market firm. Country offerings to arrive light. There is plenty of room and excellent foundation for a good advance from present values. Rye. Followed the advance of wheat to a moderate extent, featured by ex changing between July and September. Cash. was relatively steady at ft cent over July for No. 2 track. The sea board rep-M-ted export demand slow. Leading futures ranged as follows: Wheat Open. High. Low. Close. July ... 1.10 1.12 3.104 1.12 Sept. .. 1.10 Dec. ... 1.14 Corn 1.13 1.10 1.13 "1.16 1.14 1.10 .Tuly ... Sept. . . Dec. . . . Oats .62 .") .65 " .3S .37 .404 .65 .64 .34 .36 .39 ..-. 05 J35 .87 .40 July .84 .365, , .39 ept. . Dec. .. Lard- July ... 11.50 ' 11.55 11.45 Sept. .. 11.80 11.85 11.73 11.R0 11.77 Hi OS - July ... Sept . ...... 12.37 12.22 ( ash prices were as follows: Wheat Sample grade, hard, $1.11; No. 2 northern dark, $1.24. Corn No. 2 mixed, 6161c; No. 2 yenow, oi(B1ec. Oats No. 2 white, 3538c: No. 3 wnite, 36 e3c. Rye No. 2. 8686c Barley 55 62c Timothy seed $45.50 Cloverseed $12 20. Cash Grain Markets. Furnished by Jordan, Wentworth & Co., Portland. MINNEAPOLIS, June 20. Wheat. No. 1 dark hard Montana. $1.2814 (fbl.32 ; No. 1 dark northern, 1.33 i tcil. 401 : No. 2 dark northern. S1.22U 1.S7U : No. 2 nortnern, ?i.3Ufl.3414 ; No. 8 northern, t.3m. Corn No. 2 yellow, 5555c. Oats No. 2 white, 3233c; No. 3 wnue, ozBazc. - ST. LOUIS. June 20. Wheat. No. 2 rea, i.j..lpx.j.4. Corn No. 2 mixed, 60e: No. 2 yellow. Dlftc; no. 4 wnue, DllO'Dlc. Oats No. 3 white. 36c. OMAHA, June 20. Wheat, No. 2 hard. $1.04. Corn-' No. 2 white, 64c; No. 2 yellow, 5555e; No. 2 mixed, 54c Oats No. 2 white, 334c. KANSAS CITY, June 20. Wheat No 2 red, $1.06; No. 4 red, $1; No. 2 hard! $1.051.05; No. 3 hard. $1.04115 Corn No. 2 mixed, 56c'; No. 2 yel low, 68c; No. 3 yellow, 57c; No 2 white, 57c. Oats No. S white. 35c . , DTJLTJTH, June 20. Wheat, dark northern, $1.334 1.3714 ; dark northern, $1.24 1.42U Flai $2.47. , No. No.; WINNIPEG. June 20. northern, $1.27. -Wheat, No. 2 Grain at San Framcisco. SAN FRANCISCO,' June 20. Wheat milling, $1.751.80; feed. ?1.75180 Barley Feed. $1.12 1.17V4. Shin ping, $1.251.35. v Oats Red feed, $1.401.50. Corn White Egyptian, $2.12 2 17t4 -red mtlo, $1.901.95. Hay Wheat. $1618; fair, $1416; tame oat. $1518; wild oat, $ll13- al falfa. $1315; stock, $1012; straw, nominal. Minneapolis Wheat Futures. ' MINNEAPOLIS, June 20 Wheat, July. $1.30H; Sept., $1.20 ; Dec, $1.21. , Winnipeg . Wheat Futures. WINNIPEG, June 20. Wheat. July, $1.24 Ti; Oct $1.1854; leo., $y5.- Central Coal and Coke Company FIRST MORTGAGE 6 BONDS These bonds are secured by an absolute first mortgage on all coal and timber properties now owned or hereafter acquired by the Central Coal and Coke Co., and Delta Land and Timber Co., and by pledge of 80 per cent of the stock of the Oregon American Lumber Company. , Value o'f the mortgaged and pledged property as con servately appraised and estimated is over $26,000,000 The Company, of Which Charles S. Keith is President, is under the same management that has conducted its affairs for the past twenty years. Maturities Price June 1, 1924-1927........ 100 June 1, 1928-1942........ 99 ' Detailed circulars famished upon request. Blyth. Witter, i. Co. Fourth and Stark, Portland San Francisco New York - Seattle Los Angeles . Chicago San Diego LAMBS 'REDUCED AGAIN NIJTE DOLLARS NOW TOP QUO TATION AT YARDS. iTearllngs Are Also Lower; Hogs Slow atBuling Prices Cat tle Market Steady. Th. vtri,H nt tbe sheen and lamb markets continues to be the feature of thA loral livestock trade. Following the declines of Monday prices of lambs yere out again yesterday $1 to $1.50, leaving the top at $9- Light and heavy year lings were reduced $1. Cattle were about steady at Monday's quotations. Hogs were unchanged, but were not any too brisk at the 12-cent top. Receipts were 26 cattle ana oo nogs. The day's sales were as iouows: Wt. Price! Wt Price 14 Bteers. 1100 $5.76 1 hog. . . 12 hogs. . 2 hogs. . 2 hogs. . 8 hogs. . 1 hog. .. 3 hogs. . 82 lambs. 50 lambs. 23 lambs. 46 lambs 18 lambs. 24 lambs. 13 lambs. 6 lambs. 1 lamb. 7 lambs. 9 lambs. 12 lambs. 12 lambs. 23 lambs. 22 lambs. 4 lambs. 19 lambs. 220 $11.50 184 11.50 120 12.00 167 11.75 180 11.85 230 11.50 283 11.50 75 9.50 73 10.00 64 10.00 70 9.50 18 steerB. 1068 5.75 6.50 6.00 6.00 6.75 6.35 5.00 6.00 6.00 3.65 3.50 8 steers. 1 steer. 1 steer.- 070 1020 1100 2 steers. 5steers. 5 steers. 1 steer.. 1 steer.. 1 cow.. . 1 cow. . . 3 cows. . 1 cow. .. 2 cows.. 1 cow. .. 2 cows.. 1 cow. . . 1 cow... 3 cows. . 3 calves 1 calf. . 1 calf. . 980 990 6I 870 630 1080 730 983 1110 740 470 1090 790 1070 910 96 . 220 64 93 64 74 70 68 6.50 9.00 8.00 8.00 8.00 9.75 4.001 5.00 5.25 4.00 3.00! 6.35, 4.00 75 9.50 86 10.00 61 10.00 76 9.25 4.251 8.50 8.001 4.00 4.25 77 9.00 6.00 9.00 9.00 6.00 6.00 3.75 00 77 82 68 52 68 Ibull... 11S0 IThogs. . 5 hogs. . 4 hogs. . 34 hogs. . 3 hogs. . 8 hogs . 5 hogs. . 3 hogs. . 9 hogs6 1 hog... 28 hogs. . 1 hog. . . 53 hogs. . 1 hog. . . 92 hogs. . 24 hogs. . 1 hog. . . 10 hogs. . 68 hogs. . 20 bogs. . 6 hogs. . 177 11.80 156 lambs. 438 8.501 236 11.00 18 lambs. 7 lambs. 59 ewes . . 202 11.25 186 11.60 4 ewes. . 125 7 ewes. . 120 3.00 3.00 6.00 6.00 6.75 5.00 6.00 6.00 3.00 4.00 6.00 170 11.75 104 11.75 130 12.001 182 111.75 510 7.50 217 11.50 201 yearl., 78 6 yearl.. 1 wether 150 1 wether 120 1 wether 130 20 mixed. 65 16 mixed. 105 11 cows. . 704 2 cows. . 980 2 cows.. 925 200 8.50 185 11.50 150 228 11.65 147 ll.; 6.50 120 11.75 210 11.05 187 11.85 lhog... 5 20 12.00 8 hogs.. 130 12.00 2 hogs.. 190 11.60 93 hogs.. 192 12.00 6 hogs.. 191 11.75 5 hogs.. 156 11.75 120 11.001 ins n.firt! z nogs 150 11.60 lllstuers lOOOSO.OO x Prices quoted at the Portland Union stockyards were as follows: Choice hay-fed steers $ 8.25 8.75 Med. to good hay-fed steers. 7.75 8.25 Choice grass steers 7.75 8.25 Medium to good steers 6.75 7.73 Fair to medium steers 6.25 6.75 Common steers 5.00 6.25 Choice cows and heifers 6.25i 6.75 Med. to good cows, heifers. 5.25 6.25 Fair to med. cows, heifers.. 4.25 5.25 Common cows 8.50 4.50 Oanners 2.00 3.50 Bulls 3.(5 oo Choice dairy calves 8.00 8.50 Prime light calves 7.50W 8.00 Medium light calves 7.00 7.50 Heavy calves 4.50 7.00 Hogs . Prime light Smooth heavy, 200-300 lbs. Smooth heavy, 300 lbs. up. Rough heavy Fat pigs eFeder pigs Stags, subject to dockage. 11.75 (pi 2.00 11. 00 11.73 10.00 11.00 8.0010.25 ' 11.7512.00 11.7512.00 9.00 8.00 eneep Best spring lambs 8.00P 9.00 Meriltim snrine lambs -. 7.00 8.00 Common soriue lambs 6.00 7.00 I Cull lambs 5.00 6.00 Ught yearlings 7.0U 8.00 Heavy yearlings ...... 6.00 T.Ot. Ught wethers 5.00 -6.00 Heavy wethers , 4.00 6.00 Ewes : J!.00 6.00 Chicago Livestock Market. CHICAGO, June 20. (United States Bureau of Markets.) Cattle Receipts, 9000 head; better grades matured steers strong to 50c higher, other grades, and yearlings slow, steady to weak; top beef steers $9.75, bulk $S.25-9.15; all other classes generally steady; bologna bulls, $4.254.35; early sales veal calves, most ly $88.50; butcher cows and heifers mostly $5 7.25; canners and cutters, $3 4. Hogs Receipts, 29,000 hea; market mostly 10c to 15o higher on better grades of butchers; others glow, weak; big pack ers bidding lower; top $10.80, bulk $9.80 10.85: pigs steady to 10c higher, mostly $9.6010.25; heavy weight, $10.4510.55; medium, $10.60 10.85; light weight, $10.8010.90; light light, $10.3510.85; packing sows smooth, $9.15 10; pack ing sows rough, $S9.25; killing pigs, S9.25ai0.45. Sheep Receipts, 10,000; lambs mostly 25c higher; sheep and yearlings steady to 25c higher; three doubles choice Idaho lambs, $l3.2a; to out; top natives to packers, $12.75; to city butchers, $13; good 84-pound dry fed yearlings, $11.25; best light fat ewes, $6.50; heavies around $3. Kansas City Livestock Market. KANSAS CITT, Mo., Jifne 20. (United States Bureau of Markets.) Cattle Re ceipts, 12,000 head; beef steers steady to 25c lower, mostly juc to 10c lower; early top $9 for Colorado; best natives held above $9.25; she stock ' dull and mostly weak to, 25c lower: bulk cows, $4 5; few above $5.50; odd prime lot, $6.50 7.25: good heifers, $7.65; canners and cutters 15c to 25c lower; bulk canners under $2.50, most cutters, $3.003.75: bulls steady most bolognas $3.754 calves active and steady, best $7.50S. Hogs Receipts. 14,000 head; opened slow, later trading active to both pack ers and shippers strong to 15c higher; bulk 175 to 240-pound weight, $10.25 30.40, top $10.45; shippers took about 4000; bulk of sales $10 10.40; throw-out sows, $S,759; stock pigs about steady; good kinds. $10.65. Sheep Receipts. 500O head; sheep nnd AUSTRALIA NEW ZEALAND AND SOUTH SEAS Via Tahiti and Baratonga. Mall and passenger service from San Francisco every 28 days. ' Pacific Tour, South Seas, New Zealand. Australia. $525 First Class. UNION. S. S. CO. OF NEW ZJAIAND, 230 California. St., San Francisco, or local teanuhiD and railroad aceaclaa, breeding ewes steady: lambs 25c to 50c higher; natives, $12.50; Arizonas. $11.50; Arizona feeding lambs, $10. Omaha Livestock Market." OMAHA, June 20. (United States Bu reau of Markets.) Hog Receipts, 15.000 head; good hogs steaJv; bulk 200 to 325 pound butobers, $9.90 10.25; top, $10.30; mixed and packing grades slow, steady to 10c lower; bulk 230 to 350-pound weights, $9.5010; packing grades, $8.75 9.50. ' Cattle Receipts f500 ' head: better grades beef steers steady to 10c higher; medium and common grades weak to luo lower; top, $9.30; yearlings, $9.15; she stock weak to 25c lower; veals, 25 50c lower; otner classes or stock generally steady. . Sheep Receipts, 7000 head; lambs 25o to 60c higher; bulk natives. $12.25 12.50; best Idahos held at $13.50; year lings steady; mixed fed yearling lambs. $10.8511.25; sheep unevenly higher; heavy ewes. $3.50; light ewes, $5.25; feeders steady. San Francisco Livestock Market. SAN FRANCISCO, June 20. Steers, No. 1, $6.507! No. "2, $5.25(&6.25; cows and heifers, No. 1, $4.255; No. 2, $4 4.50; bulls, and stags, $34; calves, light, $89; heavy, $o7. Sheep Wethers, $5.507; ewes. $34; lambs, $10.30 11.50. Hogs 125 to 200 pounds, $12; 200 to 250 pounds, $11; 250 to 300 pounds, $10. Seattle Livestock Market. SEATTLE, Wash., Juno 20. Cattle, hogs, sheep, steady; no price changes; no receipts. Cotton Market. NBW YORK, .Tune 2ft. Cotton f II - The Cool, , Clean Breezes of the Pacific Invite You When you conje to California, "be sure your ;ticket is routed to include this delightfully refreshing and pleasureable , ocean voyage. a BETWEEN SAN FRANCISCO and LOS ANGELES Enjoy the freedom of broad decks and spacious saloons. Dance in the Indoor ballroom. Listen to radiophone programs. Fill your lungs with the cool, zestful sea air. .Feast at a well catered table. Sleep as you never have slept before. f Tickets, one way and round trip, may be routed L. A. S. S. Co. between San Francisco and Los Angeles. Same fare as all rail. Meals and berth extra. LOS ANGELES STEAMSHIP CO. SAN FRANCISCO R. V. Crowder, G.P.A. 685 Market St. liree Das on the St LaVreace On Your Trip to Europe The journey from Montreal down the ever-widening St. Lawrence holds for the lover of beauty a thousand thrills that will last forever in the memory. The Canard-Canadian liners have, betides their hpmrioos appointments and splendid service, all of the glories of the river trip to offer 7M- State-rooms have 1, 2, 3 and 4 berths with wardrobes, electric fights, running water and Steam heat under your own immediate control. For schedules ef sailings W rates, see the iaar4 Aaeut vour town, or vents te iL 621 SECOND AVE., SEATTLE. PHONE ELLIOTT 1632. ""ffTiff T rrT i" , V f, j77, : v,r I. "i 3" "r - s t Between Portland. Me., Boston. New York, Philadelphia, Baltimore and San Diego, Los Angeles, Ma Francisco, Portland, beattle. aucouver, B. C. NORTH ATLANTIC WESTERN S.S. CO. - 1 WESTBOUND . Portland, Me. Boston 1 NEPONSET WEST ISLETA June 28 July I OLD HARBOR July 13 July EASTBOCND I 8.S. ARTIGAS June 19 S.8. LEHIC.H July S.S. BRUSH July 20 101 Third St. THE ADMIRAL LINE, age : New Orleans i ; Panama Canal i : Havana, Cuba i i Kingston, Jamaica i ! Special low fhe ! by rail to New Orleans , thence ! GREAT WHITE FLEET to New York-; AN ideal way in which to make an eastern trip, combining the . pleasures of a sea voyage with opportunities for unusual and interesting sightseeing. B. Great White Fleet ships are constructed especially for cruise service in the Caribbean. Only one class firs class. A delight g ful trip at any season. Full information on request to a DORSEY B. SMITH AMERICAN EXPRESS CO. 180 Broadway 6th and Oak Stet ar Patenter Dtpartmtnt UNITED FRUIT COMPANY ( 321 St. Charles Street, New Orleans,!. General Offices, 131 tures ' opened- steady. July, 22.90c; Oc tober, 22.95c: December, 22.70c; Jan uary, 22.54c; March. 22.37c. Cotton futures closed barely steady. July. 22.85c: October, 22.80c; December, 22.60c; January, 22.48c; March. 22.33c. Spot cotton steady; middling, 23.30c. Hood Biver Bonds Sold. HOOD RIVER, Or., June 20. (Special.) LAdd & Tilton, who today increased their bid of last night, offering a pre mium of $1275.75 for $25,000 general city obligation bonds, by $100, won award of the issue of the city council. Five other Portland bond buyers were represented at last night's meeting, and prevailed on the council to hold the award open until today, although I,add & Tilton were high bidders. Some of the other houses sub mitted slightly higher bids today, but the council expressed the sentiment that in fairness the award should be made to the pioneer Portland banking firm. Dried Fruit at New York. NEW YORK. June 20. Hvaporated ap ples dull, but steady. Prunes firm, Californias, 618&c; Oregons, 6141,4c. Peaches steady. 0 LOS ANGELES R. K. Cullen, D.P.A. 617 S. Spring St, lUUtJ- SERVICE New York Phlla. Baltimore Charleston Junel7 1 July 8 lo July 20 FROM PORTLAND I S.S. W EST ISLETA August 8.S. COLD HARBOR August 18 I S.S. BLUE TRIANGLE Sept. 4 Pacific Coast Agents, Broadway 5481. State St., Boston, Mats. Come to Victoria this summer. Bring your car. Stay a week-end or a month. Always something new, delightful. It's different. Quaint. Re freshing. Educational. Gate way to Island of Thousand Miles of Wonderland. Mo toring. Golf. Boating. Fishing. New scenery. Take Anacortes-Victoria motor ferries through Gulf Islands. Magnificent. No trouble at Border. Write Victoria & Island Publicity Bureau, Victoria, B. C, for details. aleals and Berth Included. STEAMSHIP Admiral Farragut Sails from Municipal dork Ifo.. Saturday. June 24, 4 F. M. For BAN FRANCISCO LOS ANOELES BAN DIEGO bailings every Saturday thereafter. ROUND TRIP EXCURSION FARES San Francisco ..IK0.0A Los Angeles $74.00 San Diego f 81.30 TICKET OFFICE 101 3D ST., COR. STARK. PHONE BROADWAY 6481, N. Y.- Plymouth-Havre - Paris PARIS July 5 Ausr. 2 Aug. 23 FRANCE July 28 Aug. 30 Sep. 20 New York - Havre - Paris Roussillon ....July 1 Aug. 14 Sep. ID La Torraine July 1 Sep. 16 Oct. 14 Rochambeau . .July 6 La Savoie ....July 15 Aug. 12 Sep. 0 Chicago .. July 20 Aug. 31 Oct. 5 Lafayette July 22 Aug. ltt Sep. 30 La Tourraine. .Sep. 7 Oct. 11 Dec. J New York - Vigo - Bordeaux Niagara Aug. 5 Sep. 12 All sailings by daylight-saving time; For full details consult the French Line Agent in your city or write to COMPANY'S OFFICE. 109 Cherry St.. Seattle. Wash. Astoria and Way Points Str. GEORGIAN 5y2 Hours to Astoria Speedy Clean Safe Comfortable Lvs, Doily (except Friday) s a. 31. NIGHT SERVICE Lvs. Dally (except Sat.), T:30 p. m. Fare S1.S5 one wsyi S3.00 round trip. Friday to Monday, round trip !f:i,5 Connections made (or all North and South beaches at Astoria Alder-Street Dock Broadnay B34 The Harklns Transportation Co. Phone Your Want Ads to The Oregonian Main 7070 Automatic 560-95 1 i i a