21
THE MORNING OREGONIAN, SATURDAY, JUNE 24, 1922
ACTIVITY IS MARKED
IFOiGIBOiS
Brazil, Chile, Jugo-Slavia,
Uruguay in Offerings.
ONE ISSUE IS IMPORTANT
Cleveland Union Terminals Com
. pany Puts Out $12,000,000 In
First Mortgage.
Copyright by Public ledger Company.
Published by Arrangement.)
PHILADELPHIA, Juno 23. (Special.)
Th bond market was one of activity
tn bonds of foreign origin last week,
with some new features of interest, and
this Included bonds issued in native cur
rencies as well as In United States dol
lars. The state of San Paulo, Brazil, offered
through New York bankers 160,000,000
milrels of non-callable 25-year 7s, due
January 194B. There are two kinds of
milrels the gold mllrets, whose value
In United States currency equals 64
cents, and the paper milrels, which is
the common currency of Brazil, with a
nominal exchange value of about 42.35
cents and a present value in New York
of less than 15 cents. The bankers have
deposited this issue of bonds with the
Guaranty Trust company anl are selling
the negotiable certificates of deposit of
that institution, thus simplifying the
collection of Interest as well as the gen
eral understanding of the investment.
This procedure appears to be a step for
ward in American business In foreign
securities, and especially those whose
attractiveness depends largely on the
possibility of advancing prices of cur
rencies that are still at low quotation
in our market.
The republic of Chile sold here 10.000,
000 pesos of 8 per cent internal bonds,
which are to be paid off by means of a
inking fund at the rate of 1 per cent of
the issue yearly. Chile has two kinds
of peeos the .gold peso, which has a
value of about 36 H cents American, but
which does not circulate, and the paper
peso, whose value varies and is now
about 13 centB. The bonds were offered
at $135 each 1000 pesos and sold well.
influence, whereas Liverpool quotations
j were higher than had been looked for
p and helped noticeably to stimulate, buy
ing here.
According to one authority, every day
of extreme hot wemther tended to lower
tho prospect for the winter wheat crop.
Another expert said any probable In
crease of the spring wheat outturn
would be Insufficient to offset the loss
of winter wheat
Export demand meanwhile showed im
provement, Europeans taking 500,000
bushels at the seaboard. The fact,
though, that for the greater part of a
week the market here had been working
upward in price made the holding of
new advances more and more difficult:
Es oec tally In the last hour of the ses-
l skin, owners efforts to realize profits
were on a big scale, causing; prices to
sag. The market was being well sup
ported nevertheless at the finish.
Bullish crop conditions strengthened
corn and oats independently of wheat.
Provisions were weaker in line witn
the hog market.
The Chicago grain letter received yes- j
terday by the Overbecic & Uooice com
pany of Portland follows:
Wheat Highest 'prices of the day
were made during the early trading.
.after whlh selling by longs appeared
reaction to around Last night's closing
prices. Despite the fact that the net
earn for the day was inconsequential,
sentiment waj more friendly to the buy
ing side and the news in. general con
ducive to strength, about the only de-
TIHSTOCKS
IS MUCH S
Ufli
Causes Are Rather Difficult
to Determine.
OIL SKEPTICISM BLAMED
General Indisposition to Increase
Commitments Also Furnishes
Partial Explanation.
BY MONITOR.
terrent to a bull market being the likeli- (Copyright, 1822. by Public ledger Com
hood of new wheat moving in volume
at an early date. Cash wheat was in
all
pany. Published by Arrangement.)
NEW YORK, jdne 23. (Special.)
-suggested a change taking place in the
attitude of exporters.
1-00,000 bushels were nrade out of Chi
cago, including 80,000 bushels to ex
porters. We expeot to see the initial
movement of new wheat well aKen,
ther slackening in activity, the causes
Shipping sales of for which are rather difficult to deter
mine. Aside from the rise in the call
money rate to IV per cent and the un
favorable impression created by the coal
which should impart strength to the mine riot In Illinois, the news was along
constructive lines, juviaenuy me
of doubt on the subject of Mexican Pe-
futures.
Corn-
-It was an active market on
A syndicate headed by Blair & Co. in
troduced $25,000,000 Jugo-Slavia 40
year 8 per cent bonds, due 1962, at 95
and Interest, to yield 8.40 per cent. It
Is not surprising that this Issue was not
in as quick demand as others of its kind,
even though the issue of Caecho-Slovakia
8s, due IV 51, which came out two months
ago at 96, was quickly taken and has
had a fairly active stock exchange mar
ket in excess of the issue price.
The feeling is that these Jugo-Slavlan
bonds are well secured they have a
first charge against state revenues,
which last year amounted to 13 times
the interest on them, and their proceeds
are to be used ii the construction of an
east-and-west trunk line railroad from
Belgrade to a port (rti the Adriatic. In
the preparation of the circular describ
ing these bonds the underwriters used
terms and expressions that are under
stood better in Europe than here, and j July
there always is hesitancy on the part of 1 Sept.
investors to purchase securities whose
terms are not clear. But the belief is
that, when the details of the issue have
been digested, the larger investing in
stitutions will want the bonds. We are
not well Informed in regard to the con
ditions of these new European govern
ments; our information is based largely
upon individual opinion, which fre
quently is formed upon observation from
a distance. The Bank of England dis
count rate is without doubt the best
barometer of European affairs, and that
last week was reduced.
nf trad a with increasing I troleum's sensational performances, the
evident that interest is Peine- diverted stocs: excnange inquiry resulting mere
from wheat to coarse grains. Prices from and the general Indisposition to
did not make much headway in an up- increase commitments at this time of the
ward direction for reason that profit I year furnished & partial explanation.
taking by longs was In evidence most of I a far aa Mexican Petroleum is con
the day and there was also considerable I cerned. the financial community proba-
selling by cash houses against country Diy has another surprise awaiting it in
purcnases, wnicn onset tne improve-1 the form of a statement maae laie mo
ment In outside buying. Receipts were j gay Dy e. I. Doheny regarding the re-
fainy liberal, out tne spot aemana was cent operatoins of the company.
' I tVY. V.T. Recent Gossip Discounted.
tViar fha a H iron no ehnnlH attmrt In- Those -who were- favorably impressed
creased country selling, but we do not by Mexican Petroleum's showing in 1921
expect the movement to be burdensome are likely to be astounded by the an
end believe the tendency of prices will nouncement that earnings since the first
be higher, especially should the growing 01 January are .i me mo m
crop show signs of going backward. annually, and that present and potential
Oats This market was unquestionably production is on a scale that apparently
tv, i.. .ji.mii,. to a nr. discredits all recent gossip of exhaustion
mium of about 2'cents over last night's of oil reserves owned by this company
figures. Trade was largest In many m mtjiiu. .
months and the only opposition to the '1 'he federal reserve statement ior tne
.. i .v.. . ,i.A.t I wees Kives lurLiier vum u iiitt-wui ui
taking by longs. Added significance " . ... " , .tT . "
was given to damage reports by tne J""""" "
ff " J" ?VC L "J?! of 79.1 p cenTa. a result of a decline
u T. hJw wlik th. fn of $63,000,000 in government deposits and
cash market was higher with the lu- ,,,, , iioiuuum
X&V)Jx - ehe''the
excellent possibilities. 7 fh '"0'
Leading tutures rangea as ioiiows. nere t0 5 per MnU Tnig iatter ro()ve
WHEAT. ment was due to out of town with
rtnnn wtirH Tjiw Close, arawais as interior nanus ao not care to
July Jl.Uft $1.15 $1.13ft 1.13 keep money here lor any length or time
Sept. ..... 1.15 1.16ft 1. 1454 -l.l' 'to uo JUU-iieu out at o per will ui rawer,
Dillon, Read & Co. sold an issue of
$6,000,000 (United States gold) City of
Montevideo 7s, due 11)52, at 97. Monte
video is the capital of Uruguay, with
a population of about 393,000. The city's
total debt approximates $31 per capita,
which la conservative, and especially bo
when consideration is given to the fact
that it owns its utilities. As a port
Montevideo Is very important in South
American trade.
An important issue nf the wapk amA
Wednesday in the form of 112,000,000
Lieveiana union 'lermlnals company
first mortgage 5fts. due 1972. at 9.
Carrying the guarantee of the New York
Central, the Nickel Plate and Big Four
companies, the price of this issue was
immediately recognized as quite low,,the
application was very heavy and the sub
scription books were slmultantously
opened and clOBed. On curb and stock
exchanges the bonds established a mar
ket In excess of par, and since this deal
ing began before the allotments on sub
scriptions had been made, the sales must
have been to some degree speculative
and prices not aa high as the merit of
the investment should iustifv. Allot
ments made by the syndicate managers
Indicated the issue was probably 20
times subscribed.
Cleveland has outgrown Its railroad
terminal facilities. The Cleveland Union
Terminals company will build a new
station in the vicinity of Central Square,
into which trains of all the railroads
entering the city, except the Pennsyl
vania and Wheeling & Lake Erie, will
run. Many interurban traction systems
radiate from Cleveland, virtually all of
which use Central Square as a terminal
point; thus the central part of the city
promises to become the center of transportation.
Dec 1.1854 1.19
CORN.
July , 63 .64
Sept. ...... .67ft 67
Dec 67 .68
, OATS. "
July 36 .38ft
Sept 39 ft .40
Dec 41 .13
LARD.
11.47
.11.75 11.77
RIBS.
.12.25
Anaconda 6s A 1929 100
Armour cv 7s 1930 104
Armour 4 s ...1939 8954
Beth Steel 7s 1923 104 ft
do ret 6s 1942 - 93
Cerro de Pasco Ss 3931 118
Chile conv 6s A 1932 noli
do 7b 1923 105
Cuban Am Sug 8s 1931 103
Cuban Cane cv 7s . ... 1930 84
Distillers Sec cv 5s ....1927 45
Dlam Match 714s 1933 108
Dupont tfts 1931 106
Empire Gas Fuel 6s 1924 100
Flsk 8s 1941 UoH
Gen Elec deb 6s 1940 '105ft
Goodrich 7 1925 101 V,
Goodyear 8s 1941 114
ill steel aeo efts iihu wi
Ind Steel 5s ...1852 99
Int Marine CT 6s ...1M41 Hots
Kelljr-Springfield 8s 1931 108ft
Kennecott 7s 1930 104 ,
Lack Steel 1st 5s 19.M) 85i
Libby McN L 7s 1931 99
Llg & Myers 5s 1951 8614
do 7s 1944 94
Lorillrd 5s 1931 113
do 7s 1H44 s4
Sears Roe 7s 122 100
do 7s lBsa iuii
Steel & Tube 7s 1951 101
Swift & Co. 7s 1925 101
United Dniff 8s 1941 110
U S Rubber 1st ref s 1947 88
do 7'i4s 13 108ft
TJ S Steel sf 5s 1963 103
Va Car Chem 7ft s 1932 loa
West U T col Tr fis 1938 99 ft
Wilson 1st 6s 1941 97
Wilson cv 6s 1928 91ft
West Elec 7s 192a 108
Westinghouse 7s 1031 106
Public Utilities
Am Tel coll 4s 1929 ' 91
do coll 53 ia VI V,
do 6s 1925 114
Bell Tel of Pa 7s 1945 108ft
Cities Service 7s B ........ .1966 140
do 7s C I960 98 -
do 7s D 1966 91
Con Gas cv 7s ....1925 115
Int Met 4fts 1006 1
Int R T ref .6s . 1986 68
Laclede Gas 7s 1930 100ft
Northwest Tel 7s 1941 106 ft
Paolfio Tel os IVM VI
Pacific Gas 5s 1942 90ft
Southwest Tel 7s . .' 1925 102
Oil Bonds
Atlantic Ref 6fts 1931 103
Humble 7s 1923 101ft
Pan Amn 7s ...1930 102
Mex Pet cv 8S 1936 107ft
Sinclair 7fts 1925 104
S O Cal 7a 1931 106
Texas Co 7s 1923 101ft
Tidewater Oil 6fts 1931 102
Foreign bonds .
Argentine 2d 7s 1923 99
. do G I 5s 1945 94
Belgium 8s 1940 106
Bergen 8s 1945 109 ft
Berne 8s ...1945 111
Christiana 8s 1945 108 ft
Copenhagen 6fts 1944 91ft
Danish consol 8s 1946 109
French cities 6s il34 84
Russian ruble 5s ....196 dVa
U S Mexico 4s 1954 47
do ext 5s . 1945 59
Uruguay ext 5s 72
Zurich 8s .1645 111
French internal 4s 1917 64
French victory 5s 1D20 66
Belgian rest 5s 74
British 2ft consols 51
Italian cons war loan 5s 39ft
Curb bondi
Allied Packers 6s ... 82ft
Am T & T 6s ...1922 100ft
do 6s : 1924 101ft
Anconda copper 6s luu
Anglo Am Oil 7fts ..103
Armour & Co is ... 104
Beth Steel 7s 1935 102ft
Copper Ex Assn 8s 1924 102
do 8s 1025 104
FEA-
INVESTMENT BUYINO
TURE OF DAY'S TRADING.
Government Loans and Ralls Act
ive Liberty Fourth 4 s at
New High Recprd.
Grand Trunk 6fts , ... 105ft
.63
.67
.67
.37
.39
July
sept.
Cash prices were:
Wheat No. 3 red. J1 11- Jn 4 red
1.17 1.18" Aside from the action of Mexican
Petroleum and Pan-American the oils
that attracted most attention were Gen
eral Asphalt and Marland. Merchan
dising stocks, , including Montgomery
Ward & Co. and Sears-Roebuck, were
strong. The rails are doing better. Some
of the executives look for a strike, while
others believe that wiser counsels will
.42 prevail. A good deal of attention has
oeen attracted Dy tne strengtn oi jni
cago & Eastern Illinois issues. New York
Central. Lehigh Valley, Southern Pacific,
and Wabash. - '
After the Stock Exchange had sent
out a questionnaire to member houses in
an effort to ascertain the true story of
the sharp rise in Mexican Petroleum, E.
L. Doheny, chairman of the board of
Mexican Petroleum and president of the
Gult Oil
Humble Oil
104
101
.63ft
.66
.66
.36
, .39ft
.41
11.45
11.72
.11.47
11.77
12.33
12.15
Cash- Grain Markets.
FurnlBhed by Jordan, Wentworth & Co.,
Portland:
MINNEAPOLIS. June 23. Wheat TMn
2 dark northern, $1.38 1.48 ; No. 2
northern, si. 35 )1.3S.
Corn No. 2 yellow, 5758c.
oats No. 2 white, 3536c: No
white, 34ft85ftc.
Flax $2.512.53.
Barley 46 57c. '
8
23. Wheat No. 2
Corn No. 2 mixed. '63ft iS64c No 2 Pan-American, made a statement this
yellow, 64?64c. ' afternoon on present earning power of
uats .No, 2 white. 3851 (3:43c- TCn a the company. Mr, Doheny stated that
white, 3fi39c. earnings for the first quarter equaled
ttye, oariey, timothy seed, clover seed, 16 a share on the common and that
April earnings were a a snare, maKing
an average of $6 a month, or 572 a year,
year.
Potential production of Mexican Petro
leum was one of the bases of Mr. Do-
heny's optimistic statement that the
stock had never sold at half its real
value. In the past two months the com
pany has taken 52,000,000 barrels from
seven of Its wells. At the same time
new wells have been brought' In during
the past two months which might be
classed as gushers, with production run
ning from 500,000 to 800,000 barrels a
day.
Returns to Be Tabulated.
There was no further action by the
committees 'on business conduct of the
stock exchange today, as the question
naires were Just returned this morning
and it is believed that it will require
weeks to tabulate all returns.
Corn Products has declared the usual
$1 dividend on the common and the
extra 50 cents that was paid last time
also. Directors also declared the usual
$1.75 on the preferred. At present oper
ations of Corn Products are reported fa
vorably and further increases in produc
tion are expected within two weeks.
CO6?c7n0. 22mwhei?e.55&c N- 2 ye"W- 'fSVV
egates -headed by Senor de la Huerta,
t,. nAtfntlctlAna ..nH,,n9 will
Primary Receipts. be held thtoneh next wek th tioit
ctiit-AtrO, June 23. Primary receipts I conference being called for that day.
Wheat, 760.000 versus 1.089.000 hu.heT. Sears-Roebuck. Monteromerv-Warrt
uorn, hio.uuu versus 815,000 bushels, other mail order stocks are meeting with
uais, o,uuu versus 002.000 bushels, a much better demand In the market.
Shipments Wheat, 955,000 versus 652.- with a substantial' appreciation in nrlce.
000 bushels. Oats. 54,000 versus 840.000 This is due to the fact that the street
ousneis. Clearances Wheat. 306.000 has finally turned its attention to this
bushels. Flour, 10.000 barrels. Corn, fi-rnnn and hax found that TVTv earn.
290.000 bushels. Oats, 622,000 bushels, ines were very good and that the ratio
2 1
OMAHA, June
hard, $1.0701.08.
Corn No. 2 white, 56ftc; No. 2 yel
low, 57ft57c: No. 2 mixed, 66c
Oats No. 2 white, 35c.
ST. LOUIS, June 23. Wheat No
red. $1.141.15; No. 2 hard, Jl.ll.
Corn No. 2 mixed, 6464ftc; No.- 2
yeiiow, ooc; ino. 2 white, 64c.
.oats No. 2 white, 3939ftc; No. 3
wnite, 87 ft e 39c.
KANSAS CITT, June 23. Wheat No.
S red, $1.0691.15; No. 2 hard, $1.09ft
i. an; .wo. a nara. 9l.iargl.32.
6162c; No. 2 white, 5ftc.
Oats No. 8 white, 38ftc.
Local banking houses offered $1,800,
000 Chippewa Power company first
mortgage 6s, due June, 1947, at 98ft.
These bonds have first lien on hydro
electric developments which are leased
for a long term to one of the important
central western operating utility com
panies. The lease constitutes a guar
antee of interest on the bonds.
The opinion was expressed in several
quarters that the tendency toward price
reaction in investment Issues has
stopped. The demand for sound bonds
continues good and the expectation
seems to be that the more active listed
Issues of merit which have shown the
largest decline during the last week or
tow may at least fully rectver the losses
In a short time. A specialist In foreign
securities is emphatic in his hllf that
issues drawn in sterling will advance i
suostantlaliy in price in the immediate
'uture. THE BOND MAN.
Barley, 604,000 bushels.
Grain at San Francisco.'
SAN FRANCISCO, June 23. Wheat-
Milling, $1.751.80; feed. $1.751.80. ,
Barley Feed, $1.12 1.17Vs: ship
ping, $1.2501.35.
Oats Red feed. $1.401.50.
Corn White Egyptian. $2.12ft2.17ft
California red milo, $1.901.95.
' Hay Wheat, 1618; fair, $1416
tame oat. $lo18; wild oat, $1113; al
falfa, $1315; stock, $1012; straw,
nominal.
of improvement over April is Indicative
of a decided betterment m conditions af
fecting these companies.
The expected improvement In ore ship
ments via the Great Northern has al
ready materialized and some 1000 men
have been added to the labor forces at
the Superior, Wis., harbor terminals.
Within a month ore shipments are now
running at the rate of 75 per cent of
normal or better.
Inter Rapid Tran 7e 97
Libby. McN & LlbBy 7s 99
Sears Roe 7s 3-year 1923 101
Southwest Tel 7s 102
S O New York 6 Vis 1923 107
do TB 1926 105
Swift & Co 7s 1925 101
do 7s 1931 102
Texas Co 7s notes 101 ft
Vacuum Oil 7s 106
Mining Stocks at Boston.
Boston mining Btocks furnished
by
Overbeck & Cooke company of Portland:
Bid: Ask.
Arizona Commercial
Adventure 65
Ahmeek . . . v. i2
Alsromah ... 20
Allouez 25
Arcadian , 3ft
Birgham Mines 15
Calumet Ari7ona 60 ft
Calumet & Hecla 271
New Corn M. 18 '
Centennial 10
Copper Range 43
Davis Daly 7ft
East Butte 10
Franklin Mining 2
Hancock 2
Helvetia .'. 1
Island Creek , 111
do pfd 93
Keowenaw 2
Kerr Lake 3
Lake Copper 4ft
La Salle 1ft
Michigan : 2.
Mass Cons, 3ft
Mohawk 61ft
May Old Colony 4ft
Mason Valley 2
North Butte 12ft
Niplssing 6 .
North Lake 30
Old Dom Copper 26
Osceola Mining. 82ft
Oiibway 2
Qutncy Mining 42ft
Pond Creek . . 22
Isle Royale S3
South Lake , 45
Superior Boston 1
United Shoe Mach 38
do pfd 26
South Utah 6
SuDerior Conner 5
Trinity Copper 1 115-16
9
73
63
50
26
3
15
61ft
274
18ft
11
44
8
11
2
8ft
lft
112
.96
2
i
. 5
1
3
3ft
64
5
3
13
6
50
26ft
33
3
44ft
22
34
46
'38
26 ft
10
4
NEW YORK, June 23. Investment
buying was again the feature of today's
active and stronger bond market, in
vestment rails sharing the movement
witn government loans.
Liberty fourth 4s made a new "ton'
at 100.28 and heavy accumulation of the
entire group continued, purchases being
creaited to substantial sources.
Few changes of more than minor de-1
gree took place in the European loans,
despite th- continued reaction of ex
change rates, but Mexican fours and
fives and the Chile Republic of 1946 is
sue gave way.
rne many gams oi large tractions to
lft points in rails embraced issues of
the Atchison, Reading, Pennsylvania,
Missouri, Kansas & Texas, St. Louis &
San Francisco, Denyer & Rio Grande and
St. Pul roads.
Improvement also was shown by
United states Steel fives, Consolidated
Gas sevens and Cuba Cane eights. Total
sales (par value) aggregated $13,861,600.
Trading in the. stock market today
languished perceptibly, probably as a
direct result of the .proposed official In
quiry, into the recent remarkable ma
neuvers of Mexican Petroleum. Sales of
700,000 shares represented the smallest
full session in many weeks.
Additional restraints were imposed
upon speculative operations by the firmer
tone of money rates. Call loans opened
and renewed into next week at 4 per cent
but gradually rose to 6 per cent In the
final hour.
Mexican Petroleum opened at a frac
tional advance at 184, that figure prov
ing its best for the session. After de
clining to 176 at midday, it made t
temporary recovery, but slid back at the
end to Its previous minimum, or a net
loss of 7ft points.
Pan American Petroleum issues as.
sumed early market leadership, the "A"
shares making an extreme rise of 6
points and the "B" advancing 7ft points,
but these gains were cut in half later.
Buying of Pan-American was attended
by reports that the company, which al
ready controls -Mexican Pete," contem
plated actual absorption of the latter.
Other foreign and domestic oils, es
pecially General Asphalt, Royal Dutch
and California Petroleum, trailed along
with the hew leader. These, too, were
materially impaired by the more inten
sive realizing sales of the afternoon with
motors, shippings and prominent special
ties. Among the latter, especial strength
was displayed by Coco Cola and Sears
Roebuck.
Rails were the sustaining features of
the day, although advances In the in
vestment division were confined to one
or two points with New York Central.
Atlantic Coast line, several of the trans
continentals and coalers as the most
conspicuous issues. News of , the day
bearing upon transportation conditions
. mnre hntieful. railway executives
reiterating their belief that the labor
situation indicated signs of early adjust
ment. , ,
No explanation accompanied the fur
ther recessions in leading foreign ex
changes with sterling off another cent to
$4 41 for demand bills. French and
Italian remittances were affected to the
same extent, iosing seven pomts each,
and marks shaded to within the small
est fraction of .003. Dutch exchange re
acted another 10 points and more acute
weakness was snowu , ,:,;
also the new "nationals," notably Poland
and Czecho-Slovakia.
CLOSING STOCK QUOTATIONS.
Furnlsned ny the Qverbeck & Cooke
mpany of Portiana:
Sales. High.
Advance Rumely
2W
Mid States Oil . . 2.000
Mtdvale Steel ... 2.300
MK&TWi .... 2,200
do pfd 600
Mont Power . , . . 300
Mont Ward 7,000
Mo Pae 1.600
do pfd 800 ' 64
MStP&SSM.. 100 67
Marland Oil .... 1,300 44
Martin & Parry. 100 81ft
Nat Enamel 47
Nat Lead 300 98 93 92 ft
Nevada Con .... 600 16 16ft
New Haven 18.500 30ft 28
Norf&W 300 106 105 105
NorPao 3,100 77 75 76 i
Nov Sco Steel 33 ft j
N Y Air Brake 74
NY Central 23.300 93 81ft 93
iNorAmn 300 62 ft
Okia Proa ret ... loo
Ontario Sliver .. 700
Ontario & W. ... 1,700
Otis Steel 100
Pacific Dev 800
Pac Gas & Elec. 1,800
Punta Allegre .
r-acmc un .. a. .
Pan Amn Pet . ..75,400
do B 26.500
Penna 7,000
Peo Gas
Pere Marq 6,700
Pure Oil 1.200
Phillips Pete ... 8,800
Pierce Arrow . .. 600
Pierce Oil S.400
3ft
8ft
26 ft
,13ft
' 7'
74
900 49
5.700 69
82
77 ft
42
3ift
31
14 is is : I X I
83ft 82 82 . I 1 I
17 16 17 I
38 38 88 1 I 1 1 ,
69ft 69 69 II J- -'""-n.
22 20 21 J A4 . 1 :
21 20ft 20ft . I 1- v
67 67 J ( ILSt! L TT ' "T ,
80 80 I I
20 .rmemvtei iiwisi
.P. .1, ... . i mi.
62
3ft
7
25 ft
12ft
7ft
71
48
67
76
70 ft
30
30 ft
3 62ft
19 IV
Pitts Coal
Pitts & W Va
Penn Sea Steel
Pressed St Car
Pullman
Ray Con
Reading
200
200
600
100
8ft
62
87
10
75ft
62 ft
88
75 ft
100 120 120
800 16ft 16
3.800 74 72
62
3
8
25ft
12ft
7ft
71ft
48
68
79
73
41
85
30 ft
30
52ft
19
8
62
36 ft
v A fl OS
Mmtdooradmtisttig
. Jjn m I - .... J. - 4 .
nun or me west ums
Foster & Kleiser hav Derhaps
9 (done more to raise the standards
'5 I nf mitrinn ndvArtislnsr than anV
120 nthr firm In the United States.
1,7? I Their progressivenesg Is reflected
Remlneton 2.300 3R, 36 " luoir cnuito ul oiiivo uou.
Replogle Steel ... 1,000 31 31 31ft West-Made Is the EFFICIENT ,
Rep I & S 400 71 70 ft 70 desk. Drawer spaces provide for
ao piu vi i "tickler systems, card indexes.
KepMotors .... ..... ..... 11 "idea" files, etc. Eauin vour
69 .Sx Is t e n o e r a phlc department with
oiii oisilthese business-like desks. See
74 76 ) gicawj J ,uviao -
9 9iciency.
Have your office furniture deal-
.i- M aZ'A 1 . ...... .V. , ; I l,aln
192 ?94 1?5 . TvV v'; "X lnTnow'T
i x:i in. -i - - " .
44 43 tan I ' w" n til a. d.-jj.w...
Royal D Oil 8.400 61
Ky steel spg .
Stand OH Ken
Sears-Roebuck - 100
Shattuck, Ariz ... 100
Shell T & T 200
Sinclair 2,500
Stand Oil Ind
Stand Oil NJ ... 300 185
Sloss Shef 100 44
94
77 ft
9
41
84
Sou Pacific'!!;" 8700 89 88 89ft I It has the O. K. of leading business
Sou By 3700 23 23 23ft institutions from Seattle to San
Stand oil Cal looo 106 105 ioo i Diego.
St L-ft S JT SOU 27 26 26
Stromberg Carb ; . . . 47
Studebaker ......41,600 180ft 127ft 129
Swift & Co 102
Tenn Coo & Chem 100 10 10 10
47 ft 4 1
26ft 27
27 27
80ft 81
15 15
21 21
137 136
87 88
T5 75
8 8
Texas Oil 6000
Texas Pac 2600
Tex Pac C & O.. 2300
Tob Products .., 1000
Tran Contl OH..'. 8000
Union Oil Del 2100
Union Pac 200 137
United Alloy 200 38
United Drug 400 75ft
United Food Prod 110O 8ft
48
27
27
81
15
21
WEST - M ADE DESK COMPANTt
Manufacturers,
Portland, U. S. A.
Sold In Portland by:
GLASS & PRUDHOMME COMPANY,
BUSHONG A COMPANY.
KILHAM STATIONERY A PRINT
ING COMPANY.
United Fruit .
Union B &- P
A S C G Pipe
United Retail Sto
U S Ind Alcohol..
U S Rub
do 1st pfd
U S Smelting ...
100 138ft 138ft 137ft
Utah Copper
400 29 20 29
. 3900 66 65ft 68
8S00 58 55 57 ft
7300 62 60 ft 61
' 105
100 40 40 40
7200 99ft 98 99
100 120ft 120 120
600 64 63 63
200 31 ' 31 . 30'4
1300 45ft 45 44
900 12ft 12 12ft
.1800 12 12 12
6200 30 29ft 29
20ft
!'i66 'ifl 'i il
58
, 100 96 86 96
WEST
MADE
"The Fiity-Year Desk
111 ALL YARD PRICES STEADY
Agr Chem
do Pid.
AJax Rubber ...
Alaska Gold
Alaska Juneau. .
Allied Chem
Allis-Chalmers ..
do pfd. . . :
An Beet Sugar. 400
Am Bosch 400
Aw. on C!n - 2.50O
do pfd - r?
AmCar&Fdy.. 400 163 ioz
do Pfd.
Am Cot Oil .....
do ,ofd
Am Drug Synd..
Am Hide & L...
do pfd..
100 119
300 26
100
200
119 119
25 26
53
5ft ' 5ft 5
14 .. 14 . 13
67 ft
Am Ice 200 106 106 106
Am Intl Corn... 2,000 43 42 42ft
Am Linseed 400 34 33
do nfd 10U 04 04
Am Loco j -
Am Sat Razor.. 2600
Am Ship & Comw6,4O0
Am Smelter w
37
78 ft
Seattle Grain Market.
SEATTLE, June 23. Wheat,
white, soft white, white club, hard red
winter, soft red winter, $1.14; northern
spring, $1.13; eastern red Walla, $1.11:
Big Bend bluestem not quoted.
Feed and hay unchanged.
Minneapolis 'Wheat Futures.
MINNEAPOLIS, June 23. Wheat,
July. $1.33: September, $1.23; De
cember. $1.23.
WHEAT CONDITION LO.'.ER
.WINTER CROP AFFECTED BY
HOT -WEATHER. V
Winnipeg Wheat Futures.
WINNIPEG. June 23. Wheat. July,
$1.26; October, $1.19; December,
$L1. '
Naval Stores.
SAVANNAH, Ga. June 23. Turpen
tine, firm, $1.40ft; sales, 148 barrels; re
ceipts, 650 barrels: shipments, 273 bar-
l rets; stock, 3370 barrels.
Rosin Steady. Sales, ,047' -barrels: re
ceipts, 1303 barrels: shipments, 643 bar
rels: stock, 70.SM3 barrels. Quote: B.
$4.25; D, $4.60; B, $4.S0; F, $4.90; G,
$4.05; H, 1, So: J. o.40: At. $5.50; N
$5.70: WG, 6:30: WW. $6.80.
. Anxiety Over Heat and Drouth
Causes Upturn in Market
at Chicago.
CHICAGO. 111., June 23. Anxiety over
heat and drouth, together with predic
tions that the winter crop yield would
be 'well bejow the June 1 estimate, led
to a material upturn in wheat prices to
day. Extensive profit-taking sales,
however, forced a reaction. The close
was unsettled at the same as yesterday's
finish to c higher, July $1.13 to $1.14
and September. $1.14 to 1.15. Corn
gained ftc to ftc and oats c to 1c.
Provisions finished unchanged to 10c
lower.
Temperatures around 100 in districts
where the winter crop was yet unready
to harvest and where no immediate cool
er weather or showers seemed likely to
stive relief had a bullish effect on the
raeai market as soon .is trading began.
Some spring wheat territory sent com
plaints also of hot windR. News of a
heavy storm In Canada failed to have
yiore than a transie n t contrary market
STRAWBERRIES
We have the best Oregon straw-1
. oernes at tne lowest price.
OREGON GROWERS' EXCHANGE
New York Bonds.
Furnished by Jordan. Wentworth &
Co. of Portland.
Railroad bonds
hard I Atchison general 4s.....' 1995 90
A lO ................... luo OH
do 7s 1030 106 ft
B O gold 4s 1948 81
do con 4fts cv 1033 82ft
do ref 5s 1905 85 41
Canada Southern 5s .1962 98 ft
Canadian Northern 6fts 1946 111
do 7S 1040 113
Central Pacific 1st 4s ...1949 87
Chesapeake & Ohio cv 4fts...l930 88 .
do gen 4fts 1092 87
do cv 5s . . ; 1946 93
C B & Q IH div 4s 1940 90ft
C G & W 4s 1959 . 60
C M & St. P 4s..... 1925 78
do cv 4fts 1932 68
do deb 4s 1934 82
do gn 4s A 1899 75ft
do cv 5s 2014 73 ft
do g&r 4fts A ; 2014 61
Chicago N W sf 5s 1929 100
do 76 t 1030 1071
C R I & P ref 4s 1934 81
Del & Hudson cv Bs 1935 96
D & R G ref 5s 1955 49
Erie PL 4s .'...1996 63
do con 4s A 1953 49
do P 1963 50
do D : 1953 52U
Grand Trunk eq 6fts 1036 105 ft
Great Northern 4fts 1961 92
do 7s 1036 lnnas
Grand Trunk 6s 1936 103
Illinois Centra! ref 4s 1955 87 ft
K C Southern ref 5s 1950 88
U O 31 a u
Tuolumne 65 70
Utah Metals 1 1
Utah Cis :. 2 3
U S Mining 40ft 41ft
do pfd 47 ft 48
Utah Apex 2 2
Ventura 82 32 ft
Vlctroia 1 2
Winona 1 . 1
Wolverine 11' 12
Wyandotte 50 75
Shannon Copper 85 100
Foreign Bonds.
Furnished by the Overbeck & Cooke
company of Portland:
Coffee Futures Close Lower,
NEW YORK, June 23. The market for
coffee futures experienced - renewed
liquidation in preparation for possible I jJ & un 4S
notices neAL wcj(. ruiurss ciosea at a g c 7s
nt decline of Id to 22 points. Sales, in- i M St P & S S M 6fts..
eluding switcnes, were estimated at 1 M K & T 4s
about 73.000 bags. July, 10.02c: Sen- M P gen 4s .
tember. 9.89c: October, 9.87c: December. do ref 5s
9.80c; January, .75c; March, 1 8.65c; N T C con 4s. .
May, 9.60C
Spot coffee, quiet;
Santos 4s, 1414c.
1931 , 92
Rio 7s, lOJso; I
Alfalfa Harvest Begun.
.. 1946
1990
1975
1923
1998
do cv deb 6s 1935
do col! 7s 1930
N T N H & H cv 6s 1948
N P P L 4s 1997
do 6s 2047
N P Gt N jt 6fts 1936
Penna 6fts 1936
HAINES, Or., June 23. (Special.) do gen 4fts 1965
Ranchers living on the east side,! 3 4": Jx'jS
' 1 rtrt fffln Ah . t. ....... . lilKB
or unirrlgatea part of the Haines do 7s '.1930
valley, commenced their harvest of Reading gen.' 4s
first-crop alfalfa this week. The S A L 5s , 1949
vielfi is Raid to he from rmo tn twn do 6s A........ 1945
tons an acre. The heavier yielding I l0uPRcy cvs 19S9
crop grown in the irrigated section I do ref 4s 1955
west of Haines continues to make do sf term 4s 195j
ovollent trrnwth anrt tho V,,-oot St L & S F P L 4s A 1951
will not begin until next week. Two H " i;;"?
cuttings are usually made in this I do inc 6s 1960
district, hut many fields this year St L & S w 1st 5s
will make sufficient growth for a
late third crop.
1952
do 1st 4s 1989
Tex Pao 1st 5s , 2000
Un Pac 1st 4s v.... .1947
do cv 4s 1927
do ref 4s 2008
do 6s 1928.
SWEET HOME, Or.. June' 23. wkblih 1st V '. ...V. '.'.1939
1946
1939
1947
..... .1923
j Schoolhouse Under Way.
(Special.) The new school house is West Pac 5s
Industrials
S"' .1 , """ V ' "'i.1; till, p. ih t,, Th. hiu Allied packers os
tor. E..a ana mnuiMon. r.asr " ... . ....... t . 1 I Am Sm 1st 5s...
nest Blue, loo f rom ou jusum " "-ijr itsuicu. I Am Tob 7s .
98
102
79
65
65 ft
83
103 ft
105
79
87
105
105ft
108 ft
VI!
97
100
109ft
83
25
50
95
91
88
82 ft
71
83
78
68
79 ft
7
94
' 93
94
86
104
103
97
87ft
83
2ft
102 ft"
Ask.
74
80
108
102
2
94
95 ft
79
8ift
99
99
100
97
99
55
100
110
110
54
80
87
100
103
2
' 3ft
3
4
4
4ft
4
4
4
40
77ft
92
91
110
20
4ft
102 ft
21
118ft
102 ft
J05
108
1UO
EASIER TONE IN WOOL MARKET
Prices Shading Off at Boston and Also
in Country.
BOSTON, Mass., June 23. The" Com
mercial Bulletin tomorrow will say:
"Wool prices have eased a little dur
ing the weak, the extreme prices which
were paid ten days or two weeks ago
due to the short supply of good wools
having1 papsed. The prices being paid in
the country also are lower, good fin
and fine medium dip in the far west
selling now on a clean landed. Boston
basis of about $1.15 to $1.20. Some of
the wools offered m Texas this week
were withdrawn because of the lower
limits. . -
"The foreign markets show a' little
strengthening on good merinos, London
being back about to the closing level in
May on fine wools, while cross breds are
still off 5 to 10 per cent and sometimes
more.
"The goods market Is hardly changed
but is firm."
The Commercial Bulletin tomorrow will
publish wool prices as follows: Scoured
basis Oregon eastern No. 1 staple, $1.30
1.3o; fine and fine medium combing,
$1.2001.25; eastern clothing, $1.10I.15
valley Mo. 1. $i..ufai.iu.
Cotton Market. . .
NEW YORK, June 23. Cotton futures
opened steady. July, 22.40c; October,
22.41c; December, 22.20c; January, 22.07c
March, 21.92c.
Cotton futures closed easy. . July,
21.67e;.-October, Z1.68c; December, 21.50c
January, 21.4.0c; March, 21.30c.
Spot cotton quiet. Middling, 22.20c.
Bid.
Belgian rest 5s 70
do prem 5s.... 76
do 7fts , 1945 108
do 6s 1925 102
British 6 1922 90ft
do 5s 1927 , 92
do 5s 1929 93 ft
do vky 4s . 77
do ref 4s ..... 75
Bordeaux Ss- 1934 84
Canadian 5s 1937 98ft
do 5s 1826 .98
do 5fts 1929 100
do 5s 1931 . 97
do 6fts 1927 98
Chinese 5s 1951 54
Chilean 8s 1941 104ft
Denmark 8s 1945 110
Dan Muni 8s 1945 109ft
French 4s 1917 63
do 5s 1920 78
do 5s 1931 65ft
do 7fts 1941 100
do 8s 1945 103ft
German W L 5s. 2
Berlin 4s 2
Hamburg. 4s 3
do 4fts 3
Lelpslg 4fts ., 3
do SS 3ft
Munich 4 , 3
do 5s 3
Frankfort 4s .... 3
Italian 5s 1918 39
Japanese 4s 1931 .77
do 1st 4ftS 3925 91
do 2"d 4fts 1925 91
Norway 8s 1940 100 ft
Russian 5fts 1921 18
do 3ftS 1926 3ft
Swiss 5fts 1929 102
do 6fts 1919 18
do 8s 1940 118
Sao Paulo 8s 102
United Kingdom 5ftB. 1922 108
do 5fts 1829- 108
do 5fts 1937 104ft
do nfd.
Att Smiiff
Am Steel Fdy .. ow on
Am Sugar 1,100 79
do pfd
Am Sumatra .... 30O 3 aw
Am Tel & Tel... 1,100 120 120
Am Tobacco . . . . .
do "B" -
i l.OOO 89ft 88
do pfd
do P pfd... ?9ft
Anaconda" '."li I " 'si 'sift 61
Assd Oil ,
Atchison 600 99
do pfd i aw i
Atl Coast Line
id finlf & W 1. 9.100 89
Baldwin Loco .. 6.200 114ft 112ft 112
do pfd
Balto & Ohio... .11.900 49 47 49
do pfd -
Barna Corp 2.500 37 ft 35 ft
Beth Steel "B".. 800 76 7-5
B R T 8,700 20 j 5
Butte C & Z .... 200 7 7
Butte & Sup ... 200 27 B7ft
Burns Bros
Caddo Oil 200 lift lift
Calif Packing ... 100 77 77
Calif Pet 5,600 65 63ft
do pfd .....
Canadian Pacific 300 188 138
Low.
39
83ft
400
800
200
400
14
'67
49 ft
'45ft
42
47
lift
ft
"67
49
''
41
46 ft
Bid.
17
39
64
14
ft
1
67
49
93
45
41
46 ft
QUIET MARKET AT NORTH
PORTLAND.
do A pfd . .
do B pfd . .
Wells Fargo .
Western Pac
do pfd
do Union, x lft
Westinghouse A B 93ft
do E & M 1100 59 59ft 59ft
West Md X 500 11 lift UK
White Motors ...X , 48ft
Willys-Overland . 1000 8 8 8
do ofd 300 44 44 44
Wilson Packing.. 200 39ft S9ft 39ft
Wisconsin Cen... 2UO 2 ZH
Woolworth 163
Worthing Pumn. 200 49 49 49
W & L E 1800 14 13 13ft
White Oil 600 8 8ft 8ft
White Eagle Oil. 1000 27 27 26
t ii i- t r-.ti. I The local livestock market was quiet.
Liberty bond and victory note quota- B!e,vln ,loads. am.e .i"1?. L'-J.1
tions furnished by the Overbeck & Cooke w"11;" ",x .'"u " "rfJ , "J
More Than Half of Receipts Over
NighJ Are Shipped
to North.
company of Portland:
Open. High. Low. CI. Bid.
Liberty Sfts. ..100.10 100.12 100.08 100.08
do 1st 4s , 100.10
do Sd 4s. ...100.04 100.06 100.00 100.00
do 1st 4s. .100.20 100.23 100.18 100.20
do 2d 4s... 100.06 100.12 100.04 100.06
do 3d 4V.S... 100.08 100.14 100.06 100.08
do 4th 4s. .100.14 100.24 100.12 100.14 I 10 hogs. . . 143 11.85! 3 lambs.. 53
Victory 4s... 100.58 100.58 100.54 100.50 Shoes... 345 10.001 SUmbs.. B5
AH lines were reported steady and there
were no changes in prices.
Receipts were 233 cattle, OT nogs anc
583 sheep.
The day's sales were as ioiiows:
Wt. Prlce.l Wt. Price.
1 cow 910 $5,501 9 hogs... 176 11.75
1 hog 540 9.001 J lamb... 50 8.50
9.00
1 Swift & Co. Stocks. '
dosing prices of Swift & Co. stocks at Choice hay-fed steers.
Chicago were reported by the overbeck
& Cooke company of Portland as follows:
swift & (jo lui
National Leather 2
do new 8
Swift International 19
Libby, McNeil & Libby 2
34
54
"a"
20ft
59
700 97ft
18
59
97 ft
33 ft
53 ft
112
6
18
69 ft
Money, Silver, Etc
NEW YORK. June 23. Call money
stronger; high. 5; low, 3: ruling rate, 3;
closing bid, 5; offered at 5; last loan,
call loans against acceptances, 2.
Time loanB, easy,. 60 days. 34; 90
days, S4; six months,-44.
Prime mercantile paper, 44.
Foreign bar silver, 70.
Mexican dollars, 54.
131
36
78
104 ft
38 ft
120
139
137
88 ft
117
98 98
91 91
101
37 38
60
8
75
25
6
27 ft
132
lift
77
64ft
94
137 ft
per ounce. Money, 2 per cent. Discount I Btas s0biect to dockage 5.00 8.00 tal--; (in. S00 centals; potatoes. 1601
rates: Short bills, 2ft per cent; three I sheep i sii;!;s; onions. 1091 sacks; hay, 268 tons;
Country, unit Rate.
Austria, kronen $ .000125
r., i.D0th.r 37
Cerro de Pasco.. IOO 3 86 35
Chandler Motor . S.9O0 70 68 69
Chicago & N W. 1,200 74 74 74
cngo Gt w uu o?s on OM
do pfd 200 20ft 20ft 20ft
Chill Cop 4,800 21ft 21 21
Chino 28
CM St P sun zon -sj vs
do Dfd 2,800 41 U
Coco Cola 12.200 68ft 68 67ft
C & O v. 2,500 66 65 66
Colo F & I 29
Colo Southern.. 400 45ft 45ft 45ft
Col Gas & Elec. 400 87 86 86
Columbia Graph 1,500 4 4 4
Con Gas a.iuu iii no ncii
Cons Cigars .... 100 30 30 30
do pfd 70
Contl Can 100 67 67 7
Cities SVC Bkrs 23
Corn Prod ..... 2,100 105 104 104
do Pfd 200 117 1U 117
Cosden Oil ..... 6.100 48ft 47ft 47
C R I & P 6,800 48 41ft
do "A" pfd .. lou a
TYinnth' hills 2 IS 1 V. ner cent. .nrln. Imh R.00l ft.flO : hii.l-i".
- Medium spring Iambs t.uhot p."" doj.t.
Foreign Exchange. Common soring lambs 6.00AI 7.00
Foreign exchange rates at the close of I Cull lambs 5 90 5 "?
business yesterday, furnished by the Light yearlings I !? 2
Northwestern National bank of Port- Heavy yearlings ? A
alent of the foreign unit in United States Ewes 2.00 5.00
funds: l
Chicago Livestock Market.
CHICAGO. June 23. (U. S. Bureau of
Markets.) Cattle Receipts. 4000. Qual
ity, plain; generally steady on all
classes: top beef steers, $9.30: part load
at $9.50: bulk beef steers. $89; beef
cows and hel-fers of quality and condi
tion asking to sell mostly at $4.757.25;
bulk desirable vealers to packers around
$8; bulk desirable heavy bologna bulls,
$4.154.25.
Hogs Receipts, 30.000. Market open
ing mostly 10c lower than Thursday's
average; later steady to 5c lower on
good butcher grades: mixed and pack
ing grades mostly 10c lower than Thurs
day's average; top. $10.80; bulk, $9.75
10 75; pigs, steady, mostly $9.5010.50;
heavyweight. 10.3510.55: medium,
$10.5O10.75: light. $10.7010.80; light
light. $10.40(810.70; packing sows,
smooth, $925iB'9.75: packing sows,
rough, $8.759.30; killing pigs,, $9.25
Hi Tin
Sheep Receipts, snoo; lamos. ioc to
An "R". Tlfd
Crucible 2,700 73
do pfd
Cuba Cane 2,300 16
do pfd 40O 35
Cuban Am Sugr 1,200 24
nel & Hudson
Dome Mines ... 4,500 30ft
7L
42
93
78 ft
72
16
34
24
119
29ft SO
18
35
24
Del & Lack .... 1,600 128 126ft 127
rvftvinon Chem . 1.700 45
Endlcott Johnsn 200 78 ft
Erls 2.1UO iaft
do 1st Pfd l" a
Elec Stor Bat... 400 42ft
Famous Players. B.BOO ia
Fed Mg & smelt
do pfd .......
Flsk Tire
Gen Cigars ....
Gen Elec ......
Gen Motor . .
do 6
Gen Asphalt ...24.700
Goodrich ... 300
Glidden Paint
Granby 300
Gt Nor Ore A.. 2,200
do pfd z.zuo
44
7
15
22
42
79 ft
100 48ft
800 15ft
200 78
300 16 165 165
5.100 14 ft 14 14
48ft
15ft
76
44
78 ft
16
22
4:
79
11
47 ft
15
7oft
nnwn. Cananea. .
Gulf Steel 1.800 79
Glen Alden
Houston Oil s.uuu is
Hupp Motor
Ills Cent
Inspiration
Int Agr CP com.
do pfd . .. .
Interboro
do nfd
Interstte Calahn 8,700
Int Harv .;
Int Merc Marine 4,400 20
do pfd 1,600 75 ft
Int Nickel 500 16
Int Paper v 100 47
81
63 65
38ft 38ft
15
29 28ft
38 38ft
. 79 'A WO
30ft
77ft 78
. 00
76 77
19
1UO lU4ft lU4ft 1U4
200 441 39 ',s 4U
66
39
'29
38 ft
80 ,
200
200
700
300
10ft
30
lft
3ft
8
10ft
39 ft
lft
3ft
8ft
do pfd
Invincible OH
Island Oil ...
Jewel Tea ...
K C Southern
1,400 16
6,100 1
19
73 ft
16ft
47
'15
1
"28,
10
39
1
3
8ft
99 ft
19
73 ft
16
46
15
1
17 ft
24 ft
800 24
rtn nfd " 87
Kelly-Spgfld .... 1,800 47 46 46ft
Kennecott i 2,000 34
Keystone Tire .. . 3,500 15
Lack Steel 100 73
Lee Tire 200 29 ft
Lehigh Valley .. 2.800 64
83
15 .
73
29ft
33
15
72ft
2
64
Lorillard 200 151 151 151
Loew Theaters .. loo 14 14 14 ft
LftN 800 118 117 117ft
Maxwell Motor A 1,000 68ft 67ft 67ft
doB 1,100 24 23 28
Hit Stores 200 114 114 114
u.r Pet 22.300 184 176 176
Miami U0 28 28 28
Prices Quoted at the Portland Union
Stockyards were as follows:
Choice hay-red steers ss.zaap 8.(0
Medium to good hay-fed steers 7.75 8.25
Choice grass steers 7.75 8.25
Medium to good steers v.iow i.o
Fair to medium steers 6.25 fa) 6.75
Common steers 5.00 6.25
Choice cows and heifers 6.25 8.75
Medium to good cows, heifers 5.25 6.25
Common cows
Canners
Bulls
Choice dairy calves
Prime light calves
Medium light caivas
3.50(5; 4.60
2.00 3.50
3.73 5.00
8.00 8.50
7.50 8.00
. .. 7.00 7.50
declines on fat lambs and ewes. Breed
ing ewes are steady.
. Cattle Receipts, 134; prime steers,
$7.508; good to choice, $77.50; fair
to good, $6.50 7; .common to fair, $6
6.50; stotker steers, $5 6; choice cows
and heifers, $5.50 6.
Hogs Receipts, 21; prime lights. $11
11.50; smooth heavies. $1011; rough
heavies, $910; feeder pigs, $10!u."".
Sheep Receipts. 260; prime spring
lambs, $8.50D.50; fat ewes, $4i4.."ifi:
fat yearlings, $78; feeder lambs. 8cj
8.25; breeding ewes. $57.
SAN FBANC1SCO PRODUCE UAkf-
Prlces Cm-rent on Vegetables, Fie'.
J'rults, Etc.. at Bay City.
SAN FRANCISCO, Cal., June 23
(State- Division of Markets.) lJcullr -
Broilers, 2442c; young roosters, 2."j4!
52c; old, 1418c; hens, 14,31c; Uuck.
20 23c; live turkeys, 32 35c; dress l.
36 40c.
Fruit Apples, 3ft to 4-tier, $2.154;
Valencia oranges, $69; lemons, J-
7; apricots, pound, oialOc; grapefruit.
$35.50; strawberries, drawer, 5075c:
raspberries. drawer. 85c$l; black
berries, drawer, 45 4; 53c; loganberries,
drawer. 3545c; blaek cherries, pound,
810c; Royal Annes, 1012ftc; figs,
small box. $2.25 2.30; goosberries, lb.,
1015c; peaches, crate, ?1.251.75; cur
rants, drawer, '.i0cfl.10'; new green
apples, lug box, $12; watermelons, 2
3 ftc pound.
Vegetables Artichokes. large crate.
$48; asparagus, pound. 510c; beans,
pound, 6-10c: celery, crate, $8; cucum
bers, dozi-u. 25:-f'i2; lettuce, crate, 75o
$1.25; whit- onions, crate, $1.251.35;
yellow, cwt.. $11.15; parsnips, sack, $3
3.25; pi'HS. lb., lft4c; potatoes, $1.50
2.75; new. 'jy'M'-; rhubarb, box, $1.25
Heavy calves 4.50 7.00 gii.so- squash, kuinmer, crate, 75c$1.25;
Hogs - spinach, pound. 34c; tomatoes, crate.
Prime light "??;?; "$1.752; turnips. sack, $1.2501-50;
Smooth heavy, 29" to 300 lbs.11.00 11.25 u:n,larA crate. $3.253.50;
Smooth heavy, 300 lbs. up... .10.0011 00 - rt -.,ri7io
8.00 9.50
.ainnn Reielpts Flour.
LONDON, June 23. Bar silver, 85d EC-., iV." ""'"' '.1'.!man.7r, ' "lie;, t. -Ulio rentals
:0 quarter sacks:
barley, 17,017 cen-
lemons and oranges, 450
Belgium, francs
Bulgaria, leva
Czecho-Slovakia, kronen
Denmark, kroner
England, pound sterling
Finland, flnmark
France, francs .........
Germany, marks
Greece, drachmas
.0815
.0080
-.0195
.2140
4.4300
.0220
.0555
.0032
.0350
Holland, guilders .3855
Hungary, kronen
Italy. lire
Jugo-Slavia, kronen
Norway, kroner
Portugal, escudos
Rumania, lei
Serbia, dinara
Spain, pesetas
Sweden, kroner
Switzerland, francs
China
Hongkong, local currency.
.0015
.0477
.0038
,1660
.0802
.0068
.0146
.1565
.2566
.1902
.5775
Shanghai, teals 8100
4850
Japan, yen
NEW YORK, June 23. Foreign ex-1 '. vi.w. .onaiderln ouality and lax
change easy. Great Britain, demand j sorting; top natives, $12.85; bulk. $12.60
Ma.uma fs.vxi, wuay Dills on 12 75- culls mostly i: sneep miu
banks, $4.38; France, demand 8:50, ca- yearlings steady; good 83-pound dry-
bles 8.50ft; Italy, demand 4.75, cables, fed yearlings, $11; good handyweight
4.75ft; Belgium, demand 8.08, cables native ewes, $8.50: heavies, mostly $3;
8.08ft; Germany, demand 30, cables 30; receipts three-fourths direct to packers.
uouana, aemana o.4u, caoies 88.45; Nor
way, demand 16.50; Sweden, demand.
25.55; Denmark, demand, 21.80; Switzer-
Kansas City Livestock Market.
fivcriD rT-T-V u Tiitia Oft in R
land demand 18.94; Spain, demand. Bureau of Markets. H-Cattle Receipts,
15.53; Greece, demand, 3.70; Poland, de
mand, .02; Ozecho-Slovakia, demand,
l.uo; Argentina, aemana, so. 87; Brazil,
demand, 13.87; Montreal, 98.
Standard Oil Stocks.
Overbeck & Cooke company of Portland:
Bid. Asked.
Anglo 20 20
Borne Scrysmer 400 415
Buckeye 93 95
Cheesebrough 190 193
do pfd 110 112
Continental 140 145
Crescent 34 36
Cumberland 130 140
Eureka 90 94
Galena com . . . .- 58 80
do Old pfd 108 111
do New pfd 100 104
Illinois Pipe 170 . 175
Indiana Pipe 90 92
National Transit 27 28
N. Y. Transit ..170 175
Northern Pipe 98 - 100
Ohio Oil 29.1 298
Inter'l Pete 22 22 ft
Penn Mex 33 37
Prairie Oil 585 . 595
Prairie Pipe 256 20
Solar Refg 350 380
Southern Pipe 93 95
South Penn Oil 222 226
S. W. Penn Oil 60 64
S O. Ind 106 107
S. O. Kansas 550 560
S. O. Kentucky 94 95
S. O. N. Y 429 432
S. O. Ohio 450 470
do pfd 118 120
Swan & Finch i 35 40
Vacuum 425 429
Washington 2.1 27
S O Nebraska 180 190
Imperial Oil 115 117
Cottonseed ' OH Futures.
Cottonseed oil futures at New York,
furnished by Jordan, Wentworth 4b Co.,
Portland:
June, ll11.50c; July, 1I.1S011.18c;
August, 11.85ll.3c; September, ll.SH
11.40c: October, 10.8010.83c; November,
9.549-57c; December, 9.879.39c; Janu
ary, 9.379.40c. -
Spot bid, 11c.
Sugar Market.
NEW YORK, June 23. Raw sugar
Centrifugal, 4.92c. -
Refined Fine granulated, 6.20 6.30c.
SAN FRANCISCO, June 28. California-Hawaiian
raw sugar, 4.88c.
Duluth Flax Market.
DITLTJTH, June 28. Flaxseed, July,
$2.48 bid; September, $2.48; October,
$2.45.
800; .quality plain; hardly enough on
lie to make a market; looks aoout
steady; steers offer $8.40; Inferior ana
common Texas, $5 to $b; most sne stock,
$3 to $6; few heifers. $6.50; moet can-
n.r. S3 to 12 25
Hogs Receipts, 4000. openea siow,
osed fairly active to both packers and
shiDDers. 5c to 10c lower; -bulk 110 to
2S-nonnd weirht. $10.25 to $10.40: top,
$10.45; shippers took about 1000 : 240 to
300-pounus weignt, jiu.iu m iiv.",
of sales. $9.80 to $10.40: throw-out sows
mostly $8.50 to $8.75; stock pigs, steady;
i,im to rood kind. $10.15 to $10.40.
Sheep Receipts 1500; odd lots, stock
n ewes, to killers, steady; lambs
nral!v steadv to strong; spots higher;
tnn tiAtlves. Sl.oo: Diners, i
1 $12.50
Omaha Livestock Market.
OMAHA. June 23. (U. S. Bureau of
Market) Hogs Receipts, 1200: good
hogs. 10c to 15c lower; 200 to 225-pound
Kti,r. xa 75 to 810.15: top. $10.25;
mixed and packing grades 15c to 25c
lower; bulk. 99.60.
Cattle Receipts, zuoo. tjeei steers ana
fc tnck slow to Bteady; top veals.
$9.25; veal calves, firm; other classes of
stock unchangea.
Sheep Receipts. 5000. Killing classes
strong to 25c nigner; native tamus. ?i.'i
12.25; best Idaho lambs held at $12.75;
light ewes, $5; feeders, steady.
San Francisco Livestock Market.
rim WRANCISCO. June 23. Steers. No
1 $6507, No. 2, $55.7s; cows ana
h.lf.r. No. 1. $4.255; No. 2, $44.50;
bulls and stags, $33.50; calves, light.
$8 9, heavy, 7s.
sheep Wethers, $5.5007, ewes, $304,
lambs, $10.3O11.50.
125 to 200 pounds. $12: 200 to
250 pounds. $11: 250 to 300 pounds, $10.
Seattle Livestock Market.
SEATTLE, June 23. Cattle Steady.
No receipts.
Hogs Steady. Receipts. 188.
Sheep, steady; no receipts.
Pasco Livestock Market.
PASCO UNION STOCKYARD8. June
22. With a fair run of cattle on hand
through the week, prices held steady on
choice fed kinds but moved a trifle weak
on plain killers. Stocker steers are find
ing their way to this market and are
selling at 55ftc. Hogs, consisting
mainly of prime killers, sold well at 25c
higher than a week ago. There were
BEST TRADE CONDITIONS IN WEST
Business shows Good Advance Over June
Last Year.
NEW YORK, June 23. Bradstreefs
tomorrow will say:
Improvement, slow and careful in some
areas, relatively fair la others, is still
the word most commonly used in de
scribing the progress of distributive
trade, of Industry and of crops. There
Is more doing in June, however, than
there was In May, In which month
things gained over April and the ad
vance over June a year ago is of course
unmistakable. Indeed, except for snort
periods in the autumn of last year and
of 1920, reports as to trade, industry and
collections are about the best in two
years.
The week's price movement has been
upward and the food Index has advanced.
Failures are slightly more numerous.
Best trade reports come from the west.
with mail order houses making excellent
comparisons. Crops there have held
their own well, despite some complaints
ofr dry weather.
Weekly bank clearings were $7,381.-
072,000.
QUOTATIONS ON DAIRY PRODUCE
Current Market Ruling on Butter, Cheese
and Eggs.
SAN FRANdSCO. Cal.. June 23. fIT.
S. Bureau of Markets.) Butter1 Extras,
Uftc; firsts, aoftc.
Eggs Extras 27c; extra pullets. 23c:
undersized pullets, No. 1, 18ftc.
uneese uauiornia ilat, fancy, 18ftc;
firsts, 17c; young America, fancy, 25c.
NEW YORK. June 23. Butter
Strong: creamery higher than extras.
3738ftc; creamery extras, 3737ftc;
creamery firnts, 3436ftc; state dairy,
finest, 36T-36ftc.
Eggs Steady.
Cheese Firm.
CHICAGO, June 23. Butter Higher;
creamery extras, 36c; firsts, 31ft4ftc;
seconds. 2930ftc; Standards, 36'ic.
Eggs Higher; receipts. 19.616 cases:
firsts, 21ft21c; ordinary firsts, sua,
20ftc; miscellaneous, 20ft 21c; storage
packed extras, 23c; storage packed first..
22 ft 022 e. .
Chicago Potato Market.
CHICAGO, June 23. Potatoes, steady;
receipts, 95 cars; total United States
shipments, 771 cars; Alabama sacked
Bliss Triumphs, $2.753 per. cwt.; Ala
bama sacked Spauldlng Rose No. 1, $2.2-1
2.35 per cwt.; Louisiana sacked roum!
white, field run, $1.73 2 per cwt.; Ar
kansas, Georgia, Oklahoma and Louisi
ana sacked Bliss Triumphs No. 1, $2.75
3 per cwt.; North Carolina Norfolk
section, stave barrels, Irish Cobblers,
$4.254.65; eastern shore Virginia, stave
barrels, Irish Cobblers. $55.25.
Metal Market.
NEW YORK. June 23. Copper, steady.
Electrolytic, spot and futures, 18
13c.
Tin Steady. Spot and nearby, 81.23c;
tutures, 31.12c.
Iron Steady; prices unchanged.
Lead Steady. Spot. 5.755.85c.
Zinc Quiet. East St. Louis, spot and
nearby delivery, 5.305.35c.
Antimony Spot, 5.055.25c,
Dried Fruit at New York.
NEW YORK, June 23. Evaporated
apples, firm. Prunes, firm; Peaches,
steady.
JORDAN, WENTWORTH & CO.
Successors to
HERRIN A RHODES. INC.
STOCKS, BONDS,
COTTON, GRAIN
Corrftspon dents E. F. Hut ton A CO..
NEW YORK.
Members All Leading Exchange.
Babeon's Service on File
Bdwy. 4725, 01 BoUwar Kxchans Bid.
i