Morning Oregonian., July 15, 1922, Page 21, Image 21

21 "
THE MORNING OREGOKIAK, SATURDAY, JULY 13, 1923
EW YORK MARKET
IS
FAIRLY
Gains Preponderant, With
. Some Slumps Noted.
OILS APPEAR BEARISH
Mexican Petroleum and Related
Issues" Decline to New Low
Levels In Day.
BY MONITOR.
Copyright by the Public Ledger company.
Published by arrangement.)
NEW YORK, Nr. Y., July 14. Cheap
monev. mora favorable foreign news and
special developments ot an encouraging
nature In the fortunes of individual Is
sues, furnished the background ior a
fairly active stock market today, which
registered a preponderance of gains de
spite irregularity in certain groups where
-ni-if tyi nvpTneniq ra-n somewhat contrary
to the general tendency. The opening
was marked by a. display of weakness
which appeared chiefly in the oils, with
Mexican Petroleum and Its related issues
declining to new low levels lor tne pres
ent downward movement. Other mem
bers of the Petroleum group were unset
tled, but the upturn later in the day
cancelled most of the losses.
Specialities were prominent in the up
ward movement and new highs were re
corded hv Consolidated Gas. American
Can and Studebaker. Railroad shares
w,- rBnArnllr Rteariv. but displayed HO
marked activity. Although the street is
maintaining a hopetul aiutuoe on m
eubfect of the stock, it is admitted that
developments are not particularly en
couraging. Buying of equipment shares
Is based upon the belief that the car
riers will be in the market for many new
cars and locomotives as soon as the
wage question has been Bettled. Bald
win and American Locomotive were firm
throughout the day.
The direct reflection of the drop in
the rate for call money to 2 per cent,
the lowest figure since June 12. was
found in the bond market, with all lib
erty Issues touching new high, levels. The
significant items in the federal reserve
bank statement for the week consisted
of a fairly large gain in deposits, of an
increase of $15,000,000 in gold reserves
and a reduction of 530,000,000 in note
circulation. Bills discounted for member
banks declined to the extent of more
than $08,000,000, while the reserve ac
count for the institutions increased by
$5(1 010,000. The gain in ratio was .5
per cent to the basis of 77.3 per cent.
Speculative sentiment, while bullish in
the long run, is modified by caution, ow
in. ,hn unsettled labor eituatlon. '
Consolidated Gas worked into new high.
ground today. Accumulation ot mis
stock Is based on the general expecta
tion of an' early increase in the dividend
rate to a base of $8, this move to be fol
lowed by a new issue of no-par value
stock to be exchanged on a basis of two
for one for outstanding shares. The new
stock is to carry a $5 dividend, accord
ing to th report. Current business of
Consolidated Gas is very profitable, and
it is generally believed that such an in
creased in the dividend would be jttstl-
lien.
Wall street sentiment, which has been
a bit hesitant because of the unsettled
foreign situation, experienced some re
lief tnrinv when Berlin cabled that Ger
many was prepared to pay the 30,000,000
gold marks due tomorrow on tne repara
tions bill. At the same time it was an
nniinreA officially in the house of com
mons that Great Britain was to pay her
debt of $4,800,000,000 to tne unnea
States. These cables ended the uncer
tainty in two matters which have kept
international affairs in an unsettled state
frr mnma time. although. at the SaiHB
time, the German payment appears to
be, more or less a postponement of the
crisis. - - ' -
The Pacific Fruit Express, owned by
the Union Pacific and Southern Pacific
has refused to renew Its contract for
rental of cars to the western racuic.
This is forcing the latter road Into the
ear market for 2000 refrigerator cars, to
cost about $5,400,000, and the order has
been placed with the American Car &
Foundry. It is expected tnat tne pur
chase will be financed by a bond issue.
Nash Motors for the five months ended
April SO, earned $2,173,000, compared
with $2. 226,000 for the entire 1921 fiscal
year. This company has 54,600 shares
of common stock outstanding, against
which the April 30 surplus amounted to
$273 a share. At present this stock Is
selling In the neighborhood of $400 a
share, which would indicate that listing
on the stock exchange can hardly suc
ceed in the apparent attempt to achieve
a more liquid market unless there Is
some sort of stock reorganization. In
: some quarters there Is a disposition
to expect such a reorganization in the
form of a stock dividend of four new
shares for one old, which would bring
the common stock down to about $100
a share, and naturally provide a much
broader market.
There has been no abatement in the
heavy production of motor cars, and
Willys-Overland June shipments totaled
13,402 cars, nearly twice the May busi
ness. A real Indication of the improve
ment In the motor industry is ound In
this company's business, which', for the
first five months of the current year
Increased 34S per cent over the same
period a year ago. A significant phase
of this improvement is shown by the
south, whore sales increased 40, per cent.
This is a natural reflection of the sharp
change in the cotton markets and is
first-hand evidence of renewed pros
perity in the cotton-raising districts.
June production of passenger and
truck automobiles totaled 271,000 cars,
this being an Increase of 61 per cent
over the same month, a year ago, and
15,000 cars over May. 1922. Total pro
. ductlon for the second quarters was 740,
000 cars, bringing production for the
first half year up to 1,120,000 cars as
against a total of but 1,663,000 cars for
entire year 1821.
Tt Is reported from Boston that sev
eral of the leading copper companies
have oversold metal available for the
domestic market, but that the supply
for export 1s still ample. The copper
export association has now but 170,000.
OOn pounds, as compared with the 400,
000.000 pounds originally deposited.
At the time that this association was
formed it was agreed that in all sales
made by the participants for export pur
poses, one-third of total amount should
be taken from the copper which had
been deposited by the association as col
lateral for $40,000,000 notes, and that
the remainder be taken from current
production. As some of the companies
concerned have been overselling metal,
it has become the practice among the
producers to borrow and lend metal so
that the sellers might make good and
still keep within the original terms.
do B 19n3 52
do D 1953 67
Erie Pa CG 4s 1051 89
Gd Trunk eq 6s 1936 105,4
titwor4s ltil Ha
do 7s . 1936. 1104
Gt Trunk 6s 1936 10354
do 7s 1940 .113
111 Cent i t 5s 1903 9554
doref Bs 1955 89
KCSouref Ss 1950 89
Keo & Des M 1st 5s 1923 l94
L & N 7s ; 1930 108
L & N uni 4s 1940 94
MStP&SS M 654s 196 10254
MK&T 4s 1990 82
MP gen 4s 1975 63
do-ref os .-. . . 1923 100
do ref 6 1926 88
NYC deb 4s 1934 90
do con 4s 1998 86
do ref imp 454s 2013 87
do cv deb 6s 1935 10554
do coll 7s 1930 105 54
NTNH&H cv s 1948 81
NO Tex & Mex 5s 193o 75
NP PL 4s 1997 8154
KP Bs 2047 1 07
NP Gt Nor Jt 654s 1936 103
OSL ref 4s 1929 82
Penna 654s 1936 108
do gen 454s 1965 9454
do 454s I960 9.854
do gen 5s 1968 10254
do 7s 1930 1094
Penna RR 654s 1936 108
Reading gen 4s 1997 85
SAL 4s 1950 5854
do 5s 1849 2
do 6s A 1945 60
Fou Ry con 5s 1994 96
So Pac cv 4s 1929
do ref 4s . . . . 1955
do sf term 4s 1950
BP conv 5s 1984
TDP PRICES FOR YEAR
SIX OF LIBERTY SERIES AT
RECORD QUOTATION S.
StL&SF PL 4s A 1950
StL&SF gen 5s 1931
do PL os B 1950
StL&SF gen 6s 1931
do adj 6a 1955
do ine 6s I960
StL&SW 1st 6s 1952
do con 4s i 1932
do 1st 4s 1989
Tex Pac 1st Ss 2000
Un Pac 1st 4s 1947
do cv 4s 1947 ,
do ref 4s 2008
Jo 6s 1928
m Tank 7s 1930
Wabash 1st 5s 1939
West Pac 5s 1946
Industrials
Allied Packers 6s. .......... 1939
Amn Agr Ch 754s 1941
Amn Sm 1st 5s 194T
Am Tob 7s 1923
Anaconda 6s A 19211
do B 1929
Armour cv 7s 1930
do 4 5ss 1939
Beaver Board 8s 1923
Beth Steel 7s 1923
do eq 7s 1935
do ref 6s 1942
Cerro de Pasco 8s 1931
Chile conv 6s A 1932
do 7s . 1923
Col Graph 8s 1923
L'opper Exp 8s ,. 1923
do 1924
do 8s 1925
Colo F & I gen 5s 1943
Colo Ind Ss 1934
Cuban Amn Sug 8s 1931
Cuban Cane cv 7s 1930
Distillers Sec cv os 1927
Diam Match 754s 1935
Dupont 754s 1931
Empire Gas Fuel 6s 1924
Flsk 8s 1941
Gen Elec deb 6 1032
do 6s. l 1940
Goodrich 7s 1925
Goodyear 8s.. 1941
Heinz 7s 1930
Hershey 754s 1930
111 Steel deb 454s 1940
Ind Steel 5s 1952
Int Agr 5s 1932
Int Marine C T 6s 1941
Kelly Spgfield 8s si
Kennecott 7s 1930
Lack Steel 5s , 1923
Lack Steel 1st 5s 1950
Libby McN L 7s 1931
Llg & Myers 5s 1951
do 7s 1944
Lorillard 5s 1951
do 7s 1944
Midvale 5s 1936
Proc & Gamble 7s 1923
Republic I & St 5s 1940
Sears Roebuck 7s 1922
do 7s 1923
Steel & Tube 7s 19S1
Swift & Co 7s 1925
do 7s 1931
United Drug 8s 1941
U S Rub 1st ref 6s 1947
do 754s 1930
U S Steel f 5s ....... 1963
Va Chem 5s 1923
Va Car Chem 754s 1932
Western Electric 5s 1922
West II T col Tr Ss 1938
do 65ss 1936
Wilson 1st 6s 1941
do cv 6s -1928
Western Electric 7s 1925
Westinghouse 7s 1931
Public Utilities
Amn Lt & Tran 6s 1925
Amn Tel coll 4s 1929
do coll os 1946
do 6s 1925
Bell Tel of Pa 7s 1945
B R T 5s 1945
Cat Gas unl 5s 1937
Cities Service 7s B 1966
City Service la C 1966
do 7s D 1966
Con Gas cv 7s 1925
Int Met 454s 1956
Int R T ref 5s 1966
Laclede Gas 7e 1930
Montana Power 5s A 1943
Northwest Tel 7s 1941
Pacific Telephone 5s 1937
Pacific Gas 5s ? 1942
Southwest Telephone 7s ... 1925
Oil Bonds
Anglo Amn 7 54 s 1925
Atlantic Ref 654s 1931
Galena S Oil 7s 1930
Gulf Oil 7s , 1933
Humble 7s '. 1923
Pan Amn 7s 1930
Mex Pet cv 8s 1936
Sinclair 7 54s . .1 1925
S O Cal 7s 1931
SO N Y 7 1931
Texas Co 7s 1923
Tidewater Oil 654s 1931
Vacuum Oil 7s 1936
Foreign government bonds
Argentine 2nd 7s 1923
do GI 5s i... 1945
Belgium 8s ?. . . . 1940
Berne 8s . 1945
Christiana Ss 1945
Copenhagen 554s 1944
Danish Consol Ss 1946
French Cities 6s 1934
Italy 654s A. 192.5
Swedish Govt 6s 1939
U S Mex 4s 1954
do ext 5s 1945
Zurich 8s 1945
French Internal 4s 1917
do Victory 5s 1920
Belgian Restoration 5s
British 254 consols
Ital. Cons. War Loan 5
Curb bonds
Allied Packers 6s
Am Tel & Tel 6s 1922
do 6s 1!)24
Anaconda Copper 6s
do 7s
Armour & Co 7s
Beth Steel 7s 1935
Copper Ex Assn Ss. ...... 1924
do 8s 1925
Humble Oil 7s
Sears Roe 7s 3-yr 1923
So West Tel 7s
6tar.d OH NY 654s r 1933
do 7s 1926
u. . ............... JifOA JU
Vacuum Oil 7s . 101
Standard Oil Stocks.
Standard Oil Stocks furnished by the
weroeca as tooKe company of Portland:
Bid. Asked
90
8S54
101
72 ti
98
85
103
8054
70
81
76
7954
93
9954
9654
8954
103
103
99
80
S'4
103
92
102
100
103
1(15
90 54
7954
104 54
103
954
118
91
105
39
101
102
104 5,
91
79
86
85
45
107
108
101
106 54
101
105 54
103 54
11 n
10454
103
91
100
795
96
108
104
94 54
R9 54
99
97
114' .
95
113
89
101
93
10054
10154
100
101
102
11054
90
10
101-
119
105
100
9754
109
99
9-2
1(W
10754
106
9154
9854
115
108 ',4
61
95
133
95
91
124
12
68
10O
98
106 54
96
90
102
10354
103
105
104
100
101
104
104
105
109
101
103
107
100
8454
105
111
109 54
91
109
83
96
102
47
61
110 51
5154
61
73
53
3554
' S3
100
101
100
103 54
104
102
102
104
100
101
103
108
105
102
Railroad Bonds Also Firm In
Spite of Strike; Foreign
Loans Irregular.
NEW YORK. July 14. United States
war flotations, as represented by liberty
issues, were the outstanding features of
toray's generally strong bond market,
with easy money as an accelerating
factor.
New top prices for the year were reg
istered by the tax exempt 354s at 101,
second 4s at 100.18, first 4s at 101,
second 4s at 100.60. third 4s at 100.50
and fourth 4s at 101 while the first
4s duplicated their previous maximum of
the year at 100.50.
Foreign war loans made an indifferent
showing by comparison. British, French
and Belgian governments manifesting no
definite trend with heaviness in United
Kingdoms of 1937 and several of the
French municipals.
Domestic rails were not affected by the
railway strike,' most changes in that
quarter being in the direction of higher
levels, with especial strength in Louis
ville & Nashville 4s, Great Northern 554s
and 7s, St. Louis & Iron Mountain 4s
and Chesapeake & Ohio convertibles.
Changes among industrials and utili
ties were narrow, except for the three
point rise in Consolidated Gas 7s. Total
sales, par value, aggregated $14,633,000.
Among the few new corporate offer
ings was the $2,000,000 5 per cent first
and refunding mortgage bonds of the
Northern States Power company of Min
nesota, sold at a price to yield 5.74 per
cent.
The most encouraging feature of to
day's uncertain stock market was tho
comparative steadiness of the railroad di
vision in the face of more serious strike
conditions. A few secondary or minor
transportations, such as St. Paul pre
ferred. Missouri Pacific preferred and
Wheeling & Lake Brie preferred, were
moderately heavy, but the investment
group was well supported.
Otherwise the list was spotty and ir
regular, forenoon declines of 1 to 4 points
among oils, steels, equipments, motors
and shippings being followed by general
recoveries later. At the end, however,
gains and losses were mixed.
Shorts in Mexican Petroleum were
again punished, that stock rising almost
10 points from its low of the morning
and closing at a net gain of 2, after
having shown a loss of 4 points. Pan
American Petroleum, Mexican Seaboard
and Standard Oil of California also ben
efited by the vigorous recoil in Mexican
Petroleum.
Former favorites of the equipment and
motor types were tossed to and fro dur
ing the early and intermediate periods,
but finished at substantial gains with
American Can & Consolidated Gas. Final
prices for most of the miscellaneous
showed trifling changes. Sales amounted
to 785,000 shares.
The 3 per cent opening and renewal
rate for call loans was met by private
offerings at 2 per cent in the latter
nart of the day. Such funds were ireeiy
available at as low as 254 per cent. Time
money was firm at 44 per cent.
Another llgnt day was reponea m 1110
foreign exchange market, where tne
further firmness ot sterling oius was iu
striking contrast to reactionary tenden
cies elsewhere. Allied remittances eased
to 6 points and most of tne neutrals,
Norway and Sweden excepted, were
lower with German marKS z points unaei
their recent top. '
CLOSING STOCK QUOTATIONS.
Furnished by Overbeck & Cooke com
pany of Portland:
High. Low. Bid.
Adams Express. 100 fi2 62 62
Advance Rum .. 500 1854 17 18
Agr Chem .- 38 v
do ptd
1,300
1,800
300
1,700
M K 4 T W! .
do pfd Wi.
1.300
200
41
17
41
17
4054
7054
no
21
6554
64
40
30
52
10ft
16
30
108
Nor Pac 500 77' 7fl 77
Nov Scotia Steel 3054
N Y Air Brake. :
Nor Amn 2,100
Mont Ward .... 1,800 22 22
Mo Pac 1,800 22 21
do pfd ...... 500 66 55
M St P & S S M 300 64 62
Marland Oil ... 7.000-4154 40
Martin & Parry 200 81 30
Nat Enamel ... 4,000 53 51
Nat Lead 1,000 10054 8
Nevada Con ..: 1,300 16 16
New Haven 3,500 31 30 54
. Norfolk & W :.
WHEAT WEAK AT CLOSE
Anglo ,.
Borne Scrysmer . .
Buckeye
Cheesebrough ....
do pfd .
Continental
Crescent ..........
Cumberland ......
Kureka
19
400
98
113
108
138
33
148
89.
. New Tork Bonds.
Furnished by Jordan & Wentworth
company of Portland.
HaVlroad bonds
Atch gen 4s
AC L4 ,
do 7s
BO gold 4s
V con 454s cv
do ref 5s
Canada Southern 5s .
Canadian Nor C.js ...
do 7s
Cent Pac 1st 4s
ChgoNWest6s
Ches & Ohio cv 4s .
dogen4s
do cv 5s
do con 5s
C B & Q 111 dlv 4 ....
C& West Ind 4s
C O & W 4s
CM46tP4s
docr4H ........
do deb 4s
dogn4sA
do cv 5s
dogr454sA ....
ChgoNWsfBs
do gen 4s ..........
po 7s ,
CRIPref4s ,
Colo Sou rf ex 4 54s ..,
Colo Sou 4s ,
Del & Hudson cv Ss
do 7s
D & R G cv 4s
do ret 5s
Erie P L 4s
SrioconSiA -
. . 1995 94
. . 1952 S4
.. 1930 '107
. . 1948 83 V.
.. 1933 83
.. 1995 87
'. . 1962 98
.. 1946 110
.. 1940 113
.. 1948 90
. . 1936 110
.-. 1930 68
.. 1992 87
.. 1946 94
. . 1939 lOl
,. 1949 92
.. 1952 75
.. 1959 60
.. 1925 80
. . 1932 68
. . 1934 62
. . 1899 76
.. 2014 74
.. 2014 63
.. 1929 98
. . 1987 RS
. . 1930 106
.. 1934 81
. . 1935 R9
. . 1929 93
.. 1935 98
. . 1930 -110
.. 1936 78
. . 1955 46 54
.. 1996 65
.. 1853 S3
Galena com 55
ao uia pro ..10S
do New pfd 101
Illinois Pipe 166
Indiana Pipe 90
National Transit 26
in 1 intnsii
Northern Pipe 98
Ohio Oil ....285
International Pete
Penn Mex
Prairie Oil
Prairie Pipe ...
Solar Ref g
Southern Pipe .
South Penn Oil
S W Penn Oil ..
S O Ind
S O Kansas ....
S O Kentucky .
S O N Y
S O Ohio
do pfd .......
Swan & Finch .
Vacuum
Washington ...
S O Nebraska
22
. . 33
..595
..244
..340
..93
..208
..60
..107
..545
. . 3
..430
..455
..117
.. 30
..424
.. 24
.180
Imperial Oil :...110
19
415
95
200
111
142
35
150
91
57
112
105
170
92
27 54
iiz
100
290
22
36
605
24!)
350
95
215
64
IO854
ooa
94
440
460
119
35
428
28
1S5
112
BANK'S CAPITA, IS INCREASED
Oregon City Institution Also Adds to Its
Surplus.
OREGON CITY. Qr., July 14. (Spe
cial. A ?50,0O0 Increase in the capital of
the Bank of Oregon City was voted last
night at a special stockholders' meeting.
The increase will raise the capital of the
institution to $150,000. The surplus of
the bank has been Increased to $30,000,
The change in the capitalization is the
second since the bank was founded here
with a capital of $50,000 in 1881. In 1916
the capital was Increased to $100,000. The
latest change will give the institution
which is the oldest in-the county, the
largest capital stock .in its field, and
will raise its total resources to $2,000,000.
Dried Fruit at New York.
NEW YORK, July 14. Evaporated ap
ples scarce. Prunes dull. Peaches quiet.
A.iax Rubber
Alaska Gold .
Alaska Juneau
Allied Chem .
Allis-Chalmers
do nfd 100
Am Beet sugar. nuu
Am Bosch 200
Am Can Co 17,600
16
54
1
69
54 54
99
44 54
40
55
300 109
120
26
"5
13
69
Am Car & Fdy. 300 164
do pfd 800 120
Am Cot OH 100 26
do pfd
Am Drug Syn .. 600 5
Am Hde & Leth 600 13
do pfd 600 70
Am Ice 2,200 111
Am lntl Corp .. 1,500 4254
Am Linseed 500 B4 54
do pfd 200 55
Am Loco 1,000 114
do pfd . .-.
Am Saf Razor.. 2.200 6
Am Ship & Com 4,200 20
Am Smelter v.. 1,500 61
do pfd 400 9
Am Snuff
Am Steel Fdy . 1,400 3654
Am Sugar 300 78
do pfd
Am Sumatra . . . 700 39
Am Tel & Tel... 400 121
Am Tobacco
do "B"
Am Wool 1,600 90
do pfd
do P pfd ..."
Am Zinc 500 17
Anaconda 1.400 52
Assd Oil 300 112
Atchison 1,100 101
do pfd 300 90
15
-
154
69
51
99
44
40
5254
108
15
1
69
63
98
44
39
55
108
16454
120
26 4
53
6
13
69
109 ,109
41 42
34 34 4
54
112 113
Atl Coast Line. .
Atl Gulf & W I.
Baldwin Loco . .
do pfd
Balto & Ohio . .
do pfd
Barnsdell Corp..
Beth Steel "B",.
Booth Fish
B R T
Butte C & 7. ...
Butte & Sup
burns Bros
Caddo Oil
Calif Packing . .
Calif Pet
do nfd
Canadian Pac . .
Cen Leather
Cerro de Pasco..
Chandler Motor.
Cheo & N W
Chso Gt w
do pra
Chili Cop.,
Chlno
C M St P
do pfd
Coco Cola
C & O
Colo F &
6
20
61
99
36"
78
'38
90
17
52
111
100
90
7.400 87 35
6,300 116 114
4.300
200
700
1.500
400
1,000
1.500
100
2. 100
62
61
32
76
8
25
7
2854
'i2
77
62
51
61
31
76
8
25
6
28
"io
76
61
1,500 139 139
37
71
36
69
6
20
61
98
134
36
78
105
38
121
141
138
90
107
29
17
5254
112
101
90
108
86
116
110
51
60
32
76
8
23
7
28
132
12
77
62
95
139
39
200
400
1,300
500 8 8
1,000 21 20
1.400 22 22
1,200 29 . 29
2,100 28 28
3.100 43 42
2,800 71 69
1.20O 69 68
400 31 30
Colo Southern 46
Col G & HI 7,400 1)0 S9 89
Columbia G 800 4 4 4
Con Gas 13,800 125 122 124
Cons Cigars 33
do pfd : 6S
Contl Can 900 69 68 ,69
Cities SB 21
Corn Products.. 1,700 104 103 104
do pfd 115
I.
70
75
8
20
22
2954
27
43
70
68 5?
80
l,oio
2,500
8,100
1,200
800
100
. .15,200
300
. . 1,000
. . 100
. . 700
. . 600
200
. . 1,400
l",300
..12,700
45
43
94
81
75
16
35
23
82
16
24
44
82
56' '
15
7754
8:
6S
39
15
2954
39
80
SI
82
"75 54
19 ,
44
42
94
81
' 7354
'1554
34
22
122
30
128
43
81
16
23
44
81
'so' '
15
77
170
14
81
68
89
15
29
3954
80
30
81
74
18
Okla Prod ref
Ontario Silver...
Ontario & West.
Otis Steel
Pacific Der
Pac Gas & Elec.
Punta Allegro ..
Pacific' Oil 1
9,000
100
100
1,100
100
100
100
900
67
2
7
28
11
6
69
48
57
72
66
44
86
82
30
47
19
8
63
38
8
66
. 2
7
26
11
6
69
48
55
68
63
44
84
82
29
45
18
66
' 7
25
11
69
47
57
71
6554
44
84
32
S
45
18
8
63
38
8
76
Pan Am Pet ...33,300
do B 4,500
Pennsylvania ... 3.800
Peoples Gas .... 4,500
Pere Marquette. 1.100
Pure Oil 8,900
Phillips Pete ...23,900
Pierce Arrow 600
Pierce Oil '. 900
Pitts Coal 500 63 63
Pitts & W Va. .. 1,700 38 38
Penn S Steel 3,800 8 8
Pr Steel Car 100 77 77
Pullman 800 120 11854 119
Ray Con 200 16 16 16
Reading ... 500 75 75 75
Remington 300 35 34 84
itepiogie isieei... wjo 81 31 31
Republic I & S.. 700 7154 70 71
do pfd 200 92 925a 92
Rep Motors 100 11 II 10
Royal Dutch Oil. 6.800 57 66 57
aieei spring.. iuu 101 lot lot
S O Kentucky 94 92 81
sears KoeDucK... j,o0 77 1654 76
Shattuck, Ariz 10
Shell T & T 40
Sinclair 19,000 31 31 31
s u .Indiana lu 107 108
S O New Jersey. 600 180 ISO 180
Sloss Shef 4454
Sou Pacific 2,200 90 89 89
Sou Ry 700 2454 24 24
Stand Oil Cal... 16,900 106 103 105
St L & S F 600 28 28 28
stromDerg caro 45
Studebaker 58,800 138 134 138
Swift & Co
Tenn Cop A Ch. 14,000
Texas Oil 15,300
Texas Pac 900
Tex Pac C & 0. 10.200
Tob Products . . . 200
Tran Contl 011.50,100
Union OH Del.. 1.200
union rac . .
United Alloy...
United Drug...
Un Food Prod.
United Fruit ..
Union B P. .
U S C I Pipe..
Un Retail Stores 2,500
U S Ind Alo 4.200
10
45
29
26
79
15
21
10
46
30
27
80
17
21
900 141 141
200 38 38
300 16
100 7
100 142
100 62
300 32
68
58
5
7
142
62
32
67
55
61
101
1054
46
29
26
KO
17
21
141
38
76
7
141
62
32
67
57
62
U S Rub 1,200 62
do 1st pfd 10554
U S Smeltiig... 100 41 41 40
o oceei O..MH1 in)- lull
do pfd 400 121 120 120
Utah Copper... 600 64 64 64
va mem ouu 00 30 29
do pfd 65
Vanadium St... 500 45 45 45
Vivandou 11
Wabash 900 1 2 12 12
do A pfd 1.700 31 31 31
ao a pia 21
Western Pac 500 19 18 18
ao pia 100 08 58
Western Union.. 500 103 102 102
wesiingnse A J 92
3.000 60 69
zoo
200
ti,300
11
48
47
42
11
48
8
45
42
60
11
48
8
47
42
do E & M .
West Md
White Motors...
Willys-Overland.
do ofd 2.600
Wilson Packing. 100
Wise Central 28
wooiwortn t.... 1110 164 164 164
Worth Pump 1,200 40 49 49
W & L E 500 13 1354 13
wniie uu 1,100 9 8 9
White Eagle Oil 26
Liberty Bond Quotations.
Liberty bond and victory note Quota
tions furnished by the Overbeck & Cooke
company of Portland:
Closing
upen. rtign. Low. Bid
Liberty 3s -.100.60 101.00 100.52 100.7
do 1st 4s 100.40
do 2d 4s 100.
do 1st 4s.. 100.68 101.00 100.44 100.70
do 2d 4s.. 100.22 100.60 100.20 100.58
do 3d 4s.. 100.2O 100.50 100.20 100.38
do 4th 4s. .100.48 101.00 100.48 100.96
Victory 4s -.100.50 100.59 100.50 100.58
Money, Silver, Etc.
new riKK, July 14. Call money,
easy; high, 3 per cent; low, 2 per cent;
ruling rate, 3 per cent; closing bid, 2
per cent; offered at 3 per cent: last loan,
3 per cent; call loans against accept
ances, 2 per cent.
Time loansi easier; 60 days, 4 per cent
90 days, 44 per cent; six months,
44 per cent. -
Prime mercantile paper, 44 per
cent, -
Foreign bar silver, 70 c,
Mexican, dollars, 53c.
LONDON, July 14. Bar silver, S5d
per ounce. Money, 1 per cent. Dis
count rates, short bills, 1 13-16 per cent;
three months, 1 per cent-
Cosden Oil., 6,700
C R I & P 3,300
do A pfd 300
do B pfd 800
Crucible 2,100
do pfd
Cuba Cane 100
do pfd 800
Cuban A Sug... 3.500
Del & Hudson... 100 122
Dome Mines 100 30
Del & Lacka... 100 128
Davison Chem... ,4'K 46
Endicott John
Erie -
do 1st pfd..
Elec Stor Bat.,
Fam Players. . ,
Fed M & S
do nfd
Flsk Tire 1,500
Gen Cigars 100
Gen Electric 3in 170
Gen Motor 7,700 14
do 6y .....
Gen Asphalt..
Goodrich
Glidden Paint.
Granby
Great Nor Or
do pfd
Greene Can. . ..
Gulf S Steel..
Glen Alder
Houston Oil...
Hupp Motor. . .
Ills Cent
Inspiration
Int A C com. .
do pfd
Interboro 1,700
do pfd 1,000
Interstate Cal... 700
Int Harvester... 200
Int Mer Marine 200
do pfd 1.R00
Int Nickel 4,000
Int Paper 1,400
do pfd 85
Invincible Oil..- 3,000 14 14 14
Island JU "u
Jewel Tea 200
K C Southern... 500
do pfd 100
Kelly-Spgfld . . . 1,800
Kennecott 2.800
Keystone Tire .. 1,100
Lack steei
Lee Tire 10O 28 28
Lehlgti Valley. .. 700 6454 64
Lorillard 800 1S4 153 153
Loew Theaters.. 200 15 14 14
L & N 100 130 130 130
Mex Seaboard ..21,600 33 30 32
Max Motor A
do "B" 6,000 23 23
May Stores 900 115 115
Mex Pet 87,700 161 152
Miami ow 292 29
Mid States Oil. . 7,400 13 J8
Midvale Steel, w 5,800 34 33ft
1,900 41 40
1
3
8
99
18
72
17
51
37
23
58
48
36
15
1
3
8
99
18
71
17
60
44 V
42
94
81
74
90
15
34
23
121
30
128
45
82
1654
23
44
82
12
50
15
77
169
14
' 81
67
39
15
29
3954
80
30
8154
53
75
18
106
40
9
38
1
3
8
99
18
71
17
50
17
25
56
47
35
15
16
25
56
47
35
15
75
28
64
66
23
115
159
29
13
34J
Swift Co. Stocks.
Closing prices of Swift & Co. stocks of
Chicago were reported by the Overbeck &
Cooke company of Portland as follows:
Swift & Co 101
National leather (new) 7
swiic international in
Libby, McNeil & Libby 2
Boston Minlns; Stocks.
Boston mining stock quotations fur
nished by the Overbeck & Cooke com
pany of Portland:
Bid.
Allouez 24
Arcadian 354
California & Arizona..;.,... 60
Calumet & Hecla 270
Centennial 9
Copper Range 4354
Hancock 2
Helvetia 1 .
Island Creek 108
Keewanaw . 2
Lake Copper 4
Michigan 154
May Old Colony 4
ivortu nutte 12
Nlpisslng
North Lake
Old Dominion Copper .
Osceola Mining
Quincy Mining :..
Isle Royal
South Utah
Utah Metals
Utah Consolidated
United States Mining . .
do pfd
Utah Apex
Shaw
5
30
25
32
44 ,
24
10
1
2
40
47
2.
82
Ask
275
11
44
3
1
108
2
5
1
ft
13
50
25
34
45
24
20
1
354
42
47
2
0
& Cooke
Ask.
70
74
RUST FEARS DISPELLED
BETTER WEATHER.
Damage to Spring Crop Ijlkely
to Be Small Harvest Oper
ations Hastened.
CHICAGO, July. 14. Better prospects
for escape from black rust had much
to do today with bringing about price
declines in the wheat market. The close
was weak, lc to lc net lower, Sep
tember L13 to 31.18 and December
$1.16 to $1.18. Corn finished a shade
off to c up, oats c to c down
and provisions varying from a setback
of 10 cents to a rise of 2 cents.
Fine weather in all directions tended
greatly to dispel fears about black rust
and as to harvesting delay as well. Crop
expert traveling in the soring wheat
belt sent reassuring messages, expressing
tne opinion that unlesB conditions wen
soon altered the amount of damage from
rust would be small. In addition, re
ports from winter wheat territory were
to the effect that threshing would be
hastened as a result of prevailing sun
shine and higher temperatures.
More selling pressure from hedgers
was apparent in the wheat market than
has been the rule of late, and the coun
try was said to be offering wheat freely
to arrive, although a little above the
market. The fact that Liverpool quota
tions showed but slight response to yes
terday's advance here counted also afi
bearish influence. On the other hand.
railway strike developments failed to
stimulate any Important new buying.
luport purchases of corn, totaling 750.-
000 bushels, gave some strength to the
corn market.
Oats sagged with wheat.
Provisions reflected lower hog values.
There was considerable forced selling of
lard.
Tha Chicago grain letter received yes
terday by the Overbeck & Cooke com
pany of Portland follows:
Wheat Sentiment lately changes very
suddenly from one side of the market
to the other.. Yesterday at the close a
very strong feeling was evident. Today
lt was reversed. This was due no doubt
to the fact that the advance failed to
attract outside support and holders sold
Decause 01 tne failure of exporters to
follow up their buying of yesterday. Rust
reports from the northwest were less
numerous and estimates of the Canadian
crop indicating yields well above last
year assauged bullsh sentiment. Cash
markets were steady with domestic mill
ers still active buyers, especially for
prompt delivery. Strike news held no
encouragement for an early settlement,
but this seemed to have little effect on
the market today, owing to claims of in
creased country selling. The short side
of the market, however, is certain to he
hazardous until this interruption of trans
portation facilities is definitely out of
the way.
Corn started with a strong tone, and
maintained the bulge remarkably well,
considering the easiness in wheat. The
foundation o' the strength was the con
tinued active cash demand for domestic
and foreign account, which recently has
been reflected in advancing premiums.
Advices as to country offerings differed,
some receivers reporting fairly liberal
acceptance from Illinois and Iowa points,
while others said there was no material
increase at the advance. Shipping sales
were reported at more than 800,000
bushels, mainly to exporters. Crop re
ports are generally favorable, but we
do not look for news of this character
to be Influential in price making at this
time.
Oats Trade was small and mainly be
tween cash Interests. The net change
for the day was unimportant. In the cash
department there was a good demand for
heavy-weight rain, but poor quality
stuff was not wanted and ruled weak.
Shipping sales reported were 60,000
bushels.
Rye Trade dull with no outside busi
ness of consequence except a moderate
amount of hedging by the northwest.
Cash rye' was firm with sales of No. 2
at 2c over July. Speculative buying
Is being restricted by the favorable crop
reports.
Leading futures ranged as follows:
WHEAT.
Open. High. Low, Close.
$ 1.15 S 1.16 $ 1.15 $ 1.15
1.14 1.15' 1.13 1.13
1.16 1.17 1.13 . 1.16
CORN.
.6254 .63 .62 ' .62
4 .65 .64 Mft
..63 .63 .63 .63
OATS.
.34 .34 .34 .34
.37 .37 .36 .37
.40 .40 .40 .40
July.
Sept.
Dec
July.
Sept.
Dec. .
July.
Sept.
Dec. .
LARD.
July.
Sept.
11.00
10.92
10.73
10.97
10.72
6465c
37 43c; No.
No. 2
Foreign Bonds.
Furnished by the Overbeck
company of Portland:
Bid.
Belgian rest 5s '. . . 1919 66
do prem Ss 1920 70
do 6a 1925 100 100
9 1H WO 3
do os 1927 93 95
do os 1929 94 96
do vky 4s 1919 78 80
do ref 4S 1919. 77 79
U i- OT5B JOS 109
do 6s 1929 1 08 109
do 554s' J937 103 103
Bordeaux 6s 1934 82 82
Canadian 5s 1926 99 99
do 554s 1927 98 99
do 554s 1929 10054 101
do os 1937 98 99
do 3s - 1931 98 98
Chinese 6s 1951 53 5414
Chile 8s 1941 103 103
French 4s 1917 50 51
, do 5s . 1920 70 73
do 5s 1931 60 82
do- 7s 1941 99 99
do 8s 145 101 101
German WL5s I54 2
Berlin 4s iu oi
do 4s
Leipslg 454s .
do 5s
Munich 4s .
do 5s
Frankfort 4s
Italian 5a
Jap 4s
, do 1st 4s
do 2d 4s .
Norway 8s
Denmark 8s .
Russian 554s
do 554s ....
, do 6s
Sao Paulo 8s
Swiss 5s ...
do 8s
1,
!.
2
2
2
34 M
77
82
91
19411 110
1945 109 54
1921 16
1926 , 3
1919 1
1936 1 00
Jirju 102
1918
1931
1925
1925
254
254
3
3
"3
8
3554
77
92
92
110
110
17
4
20
10154
1(13
1940 118 118
Foreign Exchange.
NEW YORK, July 14. Foreign ex
change, easier. Great Britain, demand
$4.44. cables 4.44; 60-day bills on
banks, $4.42; France, demand 8.17, ca
bles 8.17; Italy, demand 4.53, cables
4.53; Belgium, demand 7.76, cables
7.77; Germany, demand .21, cables
.21; Holland, demand 38.70, cables
38.75; Norway, demand 16.50; Sweden,
demand 25.65; Denmark, demand 21.45;
Switzerland, demand 19.15; Spain, de
mand 15.67; Greece, demand 2.85; Po
land, demand .01; Czecho-Slovakla, de
mand 2.15; Argentine, demand 34.75;
Brazil, demand 13.75; Montreal, 9815-16.
Metal Market.
NEW YORK, July 14. Copper firm,
electrolytic, spot and later, 14c
Tin. eaBier; spot and nearby. 3L00c;
futures, 31.12c.
Iron, steady; prices unchanged..
" Lead, - steady ; spot, G.705.75c.
Zinc, steady; East St. Louis, spot and
nearby delivery, 5.76c.
Antimony, spot, 6.00CS.25C
11.05
SHORT RIBS.
Sept ....
Cash prices were:
Wheat No. 2 red, $1.16 1.18; No.
hard, $1.1U1.20.
Corn No. 2 mixed,
yellow, 6565c.
Oats No. 2 white,
white, 35i3Sc.
Rye No. 2. 87 87 c.
Barley 636Sc.
Timothy seed $4 if 5.
Clover seed 310 16. -
Pork Nominal.
Lard $10.73.
Ribs $10.5011.25.
, Cash Grain Markets.
Furnished by Jordan-Wentworth & Co.,
Portland :
ST. LOUIS, July 14. Wheat No. 2
red. $1.161.17; No. 3 red. $1.101.12;
No. 2 hard, $1.17; No. 2 mixed. 6464c;
No. i yellow, 6667c; No. 3 yellow, 66c;
No. 2 white, 6464c; No. 3 white,
63 c.
Oats No. 2 white, 3940c; No. 3
white, 3639c.
Barley 50 60c.
Flax $2-702.72.
KANSAS CITY. July 14. Wheat No.
2 red. J1.09; No. 3 red, $1.071.08; No. 4
red, $1.041.05; No. 2 hard, $1.121.49;
No. 3 hard. $1.101.48; No. 2 yellow, 62
62c; No. 2 white, 5858c.
Oats No. 3 white, 86c.
OMAHA, July 14 Wheat No, 2 hard,
$1.09; No. 3 hard, $1.11.
Corn No. , 3 white. 6757e: No. 2
yellow,' 58 58c; No. 2 mixed. 56c
Grain Carlot Receipts.
CHICAGO, July 14. Car receipts
Kansas City, corn 45 against 75, oats 75.
Winnipeg, wheat 124 against 131, oats
50 against 99. St. Louis, wheat 118
i against 468, corn 81 against 54, oats 32
against 38. Omaha, wheat 35, com 80.
oats 29. Minneapolis, wheat 197 against
228. Duluth, wheat 76 against 19.
Winnipeg Wheat Market.
WINNIPEG, July 14. Cash wheat. No.
1 northern, $1.36 ; No. 2 northern,
$1.32; No. 3 northern, (1.21; No, 4
northern, $L0fl; No. 5 northern,
$1.01; No. 6 northern, 92c; feed,
83 54c; track. $1.35.
Futures July, $1.2854 ; October,
$1.18; December. $1.14.
Minneapolis Wheat Future.
MINNEAPOLIS, July 14. Wheat
July. $1.40; September, $1.20; De
cember, $1.19 .
Dulath Linseed Market.
DULUTH, July 14- Flaxseed, July,
$2.68 bid; September, $2.55 bid; Octo
ber, $2.4954 asked.
Grain at San Francisco.
SAN FRANCWCO. July 14. Wheat,
milling, $1:9001.92; feed, xi.85gii.o.
Barley Feed, $1.1754 611.20; shipping,
$1.25 1.35.
Oatii Red feed, $1.40 1.50.
Corn White Egyptian, $2.12 2.17 ;
red milo. $1.90 1.95.
Hay Wheat, $1618; fair, $1416;
tame oats, $15018: wild oats, $1113;
alfalfa, $1315; stock, $10012; straw,
nominal.
Seattle Grain Market.
SEATTLE, July 14. Wheat Hard
white, $1.18; soft white, white club, hard
red winter, soft red winter, northern
spring, $L17; eastern red Walla, $1.14;
Big Bend biuestem. si. 20.
Feed and hay unchanged.
Coffee Futures Lower. -
NEW YORK, July 14 Renewed nens-
ousness over European, affairs and the
failure of domestic labor news to show
any marked improvement seemed re
sponsible for some further scattering
liquidation in the market for coffee fu
tures today. The market closed at a
net decline of 1 to 7 points. Sales were
estimated at about 22,000 bags. July,
9.64o ; September, 9.54c; October, 9.53ci
December, 9.51c; January and March,
9.50c; May, 9.48c. s
Spot coffee quiet; Rio 7s. 10 to
10c; Santos 4s, 14 to,14c
The economic menace
of vacant land
An investigation discloses startling facts on the
money'dbsorbing rapacity of undeveloped lands
TT COSTS money to keep property idle,
either thoughtlessly or "waiting for a
rise in value." The graphs shown here
tell the whole story They are the aver
age of data compiled in New York City
by Dr. G. B. L. Arner, of the Institute
for Research in Land Economics.
Original p
Cost plus
carrying
charges
since
1880
Present T
Value
Original
Cost
1880
II
20,000 $100,000 $160,000
These lands are not in boom towns
where the boom has passed by; they are
in New York City where land owner
ship is supposed to be a certain source
of wealth and where stupendous prop
erty values are believed to yield an enor
mous increment. What do you imagine
then, it costs to leave Portland and
Oregon property undeveloped?
One of our services is the formulation
and carrying out of plans for the devel
opment or liquidation of vacant prop
erty. In one instance our service chan
ged a $75 monthly loss to a $475
monthly income.
Make an appointment to go over your
problems with us.
Strong & MacNaughton
CORBETT BUILDING
PORTLAND, OREGON
Investment and Property Man
agers for Estates and Individuals
T
IRRIGATION DISTRICT ISSUE
COVERS COLORADO PROJECT.
Freeman, Smith & Camp Com
pany Acquired Municipals Val
ued at About $200,500.
DENVER, July 14. The Freeman,
Smith & Camp company, which has of
fices in Portland, Los Ang-eles and San
Francisco, has purchased from the
Great 'Western bugar company $200,500
municipal bonds of the lliff municipal
irrigation district at Sterling. The
sugar company has owned the bonds
since 1011, having taken them for their
own investment at par direct from the
district
The bonds were issued to pay for
storing spring flood waters of the South
Platte for use in late summer, thereby
greatly extending the crop season and
production. The use of storage water
has been particularly beneficial In In
creasing ' the crop acreage of alfalfa,
corn and sugar beets. The most pro
nounced benefit is In sugar beet cul
The acreage in the vicinity of Sterling
has Increased from 5400 acres to 26,600
acres in the 11 years. The acre debt of
the Illff district averages $15.29. There
are three towns within the district.
which has a population of 3000, all en
gaged In Agricultural pnrsults.
The bon da purchased by the Freeman.
Smith & Gamp company fall due serial
ly between 1824 and 1931. A portion of
the issue was paid off June 1, 1922.
SAN" FBANCISCOs PRODUCE MARKET
Prices Current on Vegetables, Fresh
Fruits, Etc., at Bay City.
SAN FRANCISCO, July 14. (State
Division of Markets.) Poultry Fryers
3340c lb.: broilers, 2TS8c; roosters,
young. 4347c; old, 1418c: hens, 18
31c; ducks, young, 2022c; turkeys, live,
3235c; dressed, 36 40c; hares, pound,
13loc; squabs, dozen, 33.50; jackrab
bits, dozen, $22.S0.
Fruit Apples, 3V, to 4-tIer, 2.154;
cantaloupes, standard crate, $1.75 2;
cranges, Valenclas, $S.6010.50; lemons,
$4.506.75: apricots, per pound. 68c:
grapefruit, per box. $35.50; strawber
ries, drawer, 507oc; raspberries, drawer,
6075c; blackberries, drawer, 2530c;
loganberries, drawer, 1520c; cherries,
black, pound, 1012c: Royal Ann, 10
13c; figs, per single-layer box; 607oc;
goosberries, per pound, 1015c; peaches,
per crate, 75c; currants, . drawer, $1
1.10; new green apples, lug. $1.251.75;
watermelons, lb., 1ft 2c; plums, crate,
$1.5001.75,
Vegetables Artichokes, lug crate, $4
9; asparagus, pound, B14c; beans,
wax, pouno, 4 to 5c; Kentucky wonder,
2 3c: carrots, sacks. $1.75(B2.25: celerv.
crate. $6.507; cucumbers, dozen, $2
eggpiani, pound, ea'ioc; lettuce,
per crate, $11.25; onions, Stockton red,
per cwt, $1.251.40; yellow, $1.50175:
green, $1.501.75; parsnips, sack, $3
3.25; peas, pounds, 45c; bell peppers,
new, pound. 22c; sweet, pound. 714
per pound, 1217c; potatoes. $1.6002.75:
9c; rhubarb, box, $1.501.75; summer
squash, lug, 50c $1; spinach, pound.
dfgic; tomatoes, crate, 6575c; turnips,
sack, $1.101.25; new corn, dozen. 25
40c; garlic per pound, 2Sc; beets, sack.
Receipts: Flour. 1524 quarter sacks
wheat, 16,005 centals; barley, 9046 cen-
tals; corn, 910 centals; potatoes, 613g
sacks: onions, 835 sacks: hay. 250 tons
hides, 334; lemons and oranges, 125
boxes.
BUSINESS FEELS LABOR TROUBLES
Recovery in Steel Output Checked Sen
timent Otherwise Good.
NEW TORK. July 14. Dun's Review
tomorrow will say:
Seasonal restraints on business are
accentuated by existing labor troubles.
Activities have not abated in all lines,
but strikes nave Impeded the revival in
some industries- and the general rate of
progress is lower. Congestion in trans
portation, due to the railroad contro
versy. Is not widespread, yet evidenoe of
delayed merchandise movements is not
lacking and the difficulty of obtaining
fuel is intensified, witn this condition.
the recovery in steel output, which has
been pronounced during recent months.
has been checked, some producers re
porting reduced running schedules.
Against the unsatisfactory phases re
sulting from industrial disputes, how
ever, there are the unmistakable signs
of Improvement in various quarters of a
stronger sentiment than prevailed early
in the year and of a disposition to op
erate ahead more confidently.
Weekly bank clearings were $0,946.-163.924.
Lewis Deposits $6,564,665.
CENTRALIA, Wash., July 14. (Spe
ai.) The total deposits of the 12
Lewis county banks at tho close of
business June 30 were $6,554,605.57, ac
cording to statements published follow
ing, the recent call of the state bank
examiner. This is a decrease of about
$70,000 over the deposits of May 5, the
date or the last calL It was pointed
out that the county's deposits have de
creased less than 28 per cent from the
peak or tile Inflation period to tho pres
ent time, whereas In many sections the
decline in deposits has been more than
50 per cent.
Price of Tires Cut.
CLEVELAND, O.. July 14. The Ma
son Tire and Rubber company today an
nounced a 28 per cent price reduction
on cord and fabric tires. A statement
Issued by the company said they had
made the cut to get tire prices down
to bedrock and establish true tire values.
The cut was made In suite of the over
sold condition of the Mason plant, with
no reiiei in Eignt tor months.
Cottonseed Oil Futures.
Cottonseed oil futures at New Tork
furnished by .lords n-Wentworth Co.,
Portland: July, $10.40 10.60; August.
$10.3210.35; September, $10.3510.40:
October, $9.839.9.r; November. $9.60
9.67; December, $8.40 8.50; January.
$8-4508.50. Spot bid, $10.50. Sotal
sales, 7000.
QUOTATIONS OX DAIRY PRODUCE
Current Market Ruling on Butter, Cheese
and Eggs.
SAN FRANCISCO, July 14. (TJ. S. Bu
reau of Markets.) Butter Extra, 43 Ho;
prime first, 41&c; first, 394c.
Eggs Extra, 29c; extra pullets, 22c;
undersized. No. 1, 17c
Cheese California flats, fancy. 22c;
California flat fancy firsts, lflo; Califor
nia Young America, rancy, 25 &o.
NEW TORK, July 14. Butter Easier.
Creamery higher than extras, 37
38Vic; extras. 37'i37c
Eggs Irregular.
Cheese Steady.
CHICAGO. July 14. Butter Steady.
Creamery extras. 35c: firsts, 8234os
seconds, 3031c; standards, 34c
Eggs Higher. Receipts, 12,693 cases,
firsts, 2122"ic; ordinary firsts, 20V4
21c; miscellaneous, 211a 22c; storage
packed extras, 2314c; storage packed
firsts. 23 23 lie
Cheese Unchanged.
SEATTLE, July 14. Butter and etCS
unchanged.
Phone your want ads to The Ore
gronian. All its readers are inter
ested In the classified columns. ,
StandsrdOll
Compmyllses
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