24
THE MORNING OREGONIAN, FRIDAY, JULY 21, 1922
T
EARLY HUGE
Four Million Bushels Export
: Grade Contracted.
STEAMERS PROVIDED FOR
- Demand in Market for Millinj
Grain, but Not Much Offered
by Farmers.
There was an improved feeling: in the
wheat market yesterday and the bids
"posted at the Merchants' Exchange were
- one cent higher than Wednesday, though
'in the open market buyers were not dls
' posed to advance their offers, quoting
."around $1.18 01.11 on new club. Trad
Zing in old wheat has become very small.
There Is considerable inquiry for the
milling grades of new wheat, but there
nas very little offered on the market
; yesterday.
S It is figured tnat contracts for close
to 4,000,000 bushels of export wheat have
,"bten made with farmers and that this
will provide for all the tonnage that has
"been engaged to date, not much of which,
-however, has been announced yet. At
4he moment farmers are not free sellers.
, The dally Chicago wire to the Gray
"jlosenbaum Grain company follows:
- "Ultimately lower prices seem Inevit
able, which Is recognized by trade in
general, this causing extremely bearish
"sentiment and easily oversold market in
view of lack of outside trade. Less fa
vorable strike situation and relatively
stronger cables caused shorts covering
. further rally possible, but would sell on
bulges."
July wheat at Liverpool closed d
higher at 10s lllid and September Vid
Jower at 10s 3d.
- Buenos Aires wheat closed unchanged
;t $1.25'i for August and 11.25 for Sep--tember.
The Van Dusen-Harrington crop report
follows: "Northwestern crops developed
favorably during the past week. Ex
cepting two warm days weather cool
and fine for filling. General condition
of wheat satisfactory. Western North
. Dakota and South Dakota and eastern
Montana, good crops predicted if no dam
age next two weeks."
An Oklahoma City dispatch said: "Ac
cording to George F. Blnderman, federal
erain supervisor of this district, wheat is
failing to come up to indications of
July 1. Hot weather, black chaff and
smut are some of the causes. Forecast
of July 1 of 30,020,000 bushels will prove
greatly In excess of out-turn.
' Terminal receipts, in cars, were re
.. ported by the Merchants' Exchange as
- follows:
Portland
WHEAT BOUGH
Thursday . . 5 2 .... 1
Tear ago... 73 .... 13 .... 1
Sea n to date 4H3 2 75 20 61
Tear ago. ..1041 11 111 44 61
Tacoma
Wednesday . 21 . . . . 2 .
Tear ago... 0 .... 1 1
8ea'n to date 100 1 63 3 . 15
Tear ago... 241 2 57 4 6
Seattle
Wednesday . 23 .... 2 .... 12
.Tear ago... 12 .... 8 . 7
6ea'n to date 240 .... 61
ear ago... 177 1 K7 10 50
WHOLESALE QUOTATIONS tPWARD
Third Consecutive Monthly Advance in
Commodity Prices.
The recovery in commodity prices waa
further extended in the past month. At
$173,743 on July 1, Dun's index number,
which is based on the estimated per cap
ita consumption of each of the many ar
ticles included in the record, shows a
rise of 2.2 per cent, over the figure of
a month previous, and represents the
- third consecutive increase.
... The price recovery that began a year
lKO has continued without interruption,
'.side from small declines on January 1
- and April 1 of the current year, and
' wine markets have gone considerably
higher since the date covered by the
latest compilation. Since the beginning
. of this year, the net advance in the in
- dex number has approximated 5.5 per
cent, and the present figure ia about 9
per cent above the low point reached on
the decline which culminated on July 1.
last year. Comparing with the top level
of May 1, 1920, the index number now
-fhowa a recession of a little less than
'8." per cent, but there is an increase of
about 45 per cent over the pre-war basis, I
Without exception all of the seven i
- fcroups into which the index number is !
separated show advances on July 1 over
the totals of a. month previous. In prac
tlcally every case the changes are mod
erate, but the upward price trend last
month was very clearly defined, and both
the clothing and miscellaneous classes
were marked by decisive advances. The
index number figure for the clothing
class shows a net increase of 0 per cent
'Aver the January 1 figure, and all other
roups, excepting dairy and garden, are
now at a higher position than was the
case at the beginning of this year.
- The enhanced cost of various raw ma
terials has been an important factor in
-strengthening prices of semi-finished and
'finished products, and strikes in some
industries have also been influential
Not all of the increase in prices, how
ever, has been due to these causes, as
demand for many commodities has
broadened appreciably.
-XOCAL CUBE BITTER MARKET WEAK
Seattle Turns Down Offers From Port
t ! land Print Prices Cut.
- ' The cube butter market was weak and
tormer prices were maintained with dif-
, fieulty. Sellers asked 35 to 38 cents for
.country cubes, but buyers showed little
interest. Oregon butter offered to Seat
tle brought back the response that East
ern butter could be had at lower prices.
The local print trade was slow and job
bing prices were not uniform.
; The egg trade was sluggish, with light
Tecelpts and a poor local demand.
, Liberal receipts of poultry brought
prices down again. Light hens sold at 12
-cents and heavy hens at 21 cents. Springs
moved at 20 cents.
- veal was unchanged, but there was
practically no market for it.
FREESTONE PEACHES IN MARKET.
I 'Cantaloupes Steady, With First Car of
" Turlocks Due Tonight. ,
' The first St. John freestone peaches
- arrived from California yesterday and
Bold at $1.501.75 a box.
The cantaloupe market was steady at
$3 for standard crates. A car arrived
from Delano, also a car of Burrell Gems
torn t: Imperial Valley. The first
Straight car of Turlock . cantaloupes is
flue tonight.
. A car of mixed fruit came from the
south, and deciduous fruits of all kinds
cold at steady prices.
Local corn is now coming In and brings
POULTRY
Ship to us. Satisfactory returns,
checks by return mail guaranteed.
: . THE SAVIN AR CO, INC
JOO Front. ,, , , Portland, Or,
70 cents a dozen. Yakima corn ia quoted
at $3.50 a box of six dozens. Tomatoes
from The Dalles are offering at 1.75 a
box. -
World Shipments Average.
World wheat shipments last week and
the same week last year, were
Wk. end'g
Wk. end's
July 8. '22
6.434,000
3.573,000
304,000
40,000
July 15. 'T2
IT. S. and Canada.. 6,244,000
Argentina 3,037,000
Australia 1.280.000
Others 376.000
. Total 10,865.000 10,351.000
, Shipments for the season to date com
pare as follows:
Total since . Same p'r'd
July 1. 22. last seas n
TJ. S. and Canada. ..12.678,000
14,818,000
3,719,000
1,004.000
512,000
Argentina 6,610,000
Australia '. 1,512,000
Others 416.000
Total
.21,216.000 20.953,000
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearines. Balances.
Portland $4,335,041
Seattle 4.6S6.4S0
Spokane 1,628,147
Tacoma transact'ns
$1,023,225
1,258.706
631.606
2,314,000
PORTUND
MARKET
QUOTATIONS
Grain, Flour, Feed, Etc.
Merchants Exchange, noon session:
-Bid-
Wheat
July.
. 1.18
. 1.11
. 1.11
. 1.11
. Ill
. 1.08
August Sept.
Hard white ....
Soft white
$ i.2 $ l.i:
1.10
l.io
1.10
1.10
1.07
1.10
1.11)
1.10
1.10
1.07
White club ....
Hard winter . . .
Northern spring
Hed Walla
Oats
No. 2 white feed
. . 35.00 32.00 30.00
Corn
No. 2 E Y shipment 30.00
30.00 30.00
FLOUR Family patents, $8 per bbl.;
whole wheat. $7: graham. $6.80: bakers'
hard wheat, $7.80: bakers' bluestem pat
ents, ST. 60; valley soft wheat. $6.25;
straights, $0.35.
MILLFEED Price f. o. b. mill: Mill-
run, ton lots, $34; middlings, $41: rolled
barley, $37 39; rolled oats, $43; scratch
feed, $50 per ton.
CORN White. $37; cracked. $39 per
ton.
HAT Buying price, f. o. b. Portland:
Alfalfa, $16016.50 per ton; cheat. $14:
oats and vetch, $17; clover, $15: valley
timothy, $18: eastern Oregon timothy.
$2122.
Batter and Country Prod nee.
BUTTER Cubes, extra. 38c per lb.;
prints, parchment wrapped, box lots, 46c;
cartons, 47c. Butterf at, 46 47c deliv
ered station; buying price. A grade, 44c.
EGGS Buying price, current" receipts.
21c dozen: hennfirips. 2:iiS?24c dozen: lob
bing prices, case count, 2425c; candled
rancn, Zic; selects, yc. Association sell
ing prices: Selects. 31c; browns, 30c;
firsts. 28c; pullets, 27c.
CHEESE: Tillamook triplets, price to
lobbers, f. q. b. Tillamook. 2c; Young
Americas, 27c; longhorne, 27c pound.
POULTRY Hens. 12fa21c; broilers,
20c; ducks, 1522c; geese, nominal;
turkeys, nominal
VEA1 Fancy. 1313c per pound.
PORK Fancy, 15 4c per pound.
Fruits and Vegetables.
Local jobbing quotations:
FJtUITS Oranges. Valencia, $911
of; lemons, $S8.50; grapefruit. $6
8.50 box; bananas, 910c pound; canta
loupes, $1.253 crate; cherries, 5lDc
pound; peaches, $1.501.75 box; rasp
berries, J2 2.50 crate ; apricots, $1.25
&2.2S crate; loganberries, $1.251.75 per
cra.te- currants, $- per crate; plums, $2
2.25 per box; watermelons, 24c per
pound; blackcaps, $2 2. 25 per crate;
casabas, 5c pound ; new apples, $3.25
4 box.
POTATOES Oregon, $1.25 1.35 per
100 pounds; new, 3c per 'pound; sweet
potatoes, eastern, $1.75 per crate.
NIONS California red, $1.75 per
ack; yeKow, $2.50 per sack.
VEGETABLES Cabbage. 2H 3c per
pound, lettuce, $1.502.50 crate; garlic.
102 c per pound: green peppers. 25
35c per pound; tomatoes, $1.75 2 per
?rate; cucumbers. $1 box; green peas.
59c pound ; beans, 5'8c per pound;
green corn, 65 70c dozen.
Staple Groceries.
Local jobbing quotations:
SUGAR (sack basis) Cane, granulat
ed, 7.50c pound; beet, 7.30c per pound.
NUTS Walnuts, 15 35c per pound ;
Brazil nuts, 17 19c; almonds, 21 &
'i!6c; peanuts, 10 lie per pound.
RICE Blue Rose, Ctie pound;
Japan style, 6.10r6.25c per pound.
COFFEE Roasted, bulk, in drums,
'C039c per pound.
SALT Granulated, bales, $2.6t3.65;
half ground, tons, 50s, $17; l00s, $16.
DRIED FRUITS Dates. 14c pound;
figs, $l.U0g2.75 per box; apples, 15c per
pound; peaches, 18c; prunes, 1416cv
BEANS Small, wnite, 9c; large,
white, ttc; pink, 6c; bayo, tS&c; red,
fec; lima, 11c per pound.
Provisions.
Local jobbing quotations:
HAMS All sizes, Sti3Dc; skinned, 84
OP-iic; picnic, iic; oottage roll, 25c.
BACON Fancy, 40 46c; choice, 31
85c; standards, 262c.
LARD Pure tierces, 15c pound;
compound, tierces, 14c.
DRY SALT Backs, 1922c; plates,
1 7c
Hides, Hops, Etc.
HIDES Salted hides. GAc nound
salted bulls, 5&c; green hides and bulls
xc less; salted call, 10c; salted kip 8c
alted horse hides, $1i2 each; dry horse
hides, 50c ff $1 each ; dry hides, 11c
pound; dry cull hides, half price; dry
saitea tiiaes, one-hair price.
PELTS Dry long wool, 1718c: dry
short wool, half price; Baited pelts, full
wool, $1.251.50 each; dry long hair
goats, isc pouna; ary snort hair goats,
ball price; shearings at value. .
TALLOW No. 1, 5c; No. 2. 4c per
pouna ; grease, ac pound.
CASCARA BARK New " peel, 6c per
pound; old peel, 7c per pound.
OREGON GRAPE Grape root, 5c per
pound.
HOPS 1921 crop, nominal, 1215c per
pound; contracts, loc.
WOOL Eastern Oregon. 26039c ner
pouna; vaney wooi, line ana naif-blood.
?830c; -blood, 283oc; straight.
quarter blood, 232ac; low quarter blood.
iUfff-c; Praia, iatuc; matted. IdSUSc.
MUnAiK uong staple. 30c: delivered
Portland; short staple. 25c; burry, 20c
per pound.
GRAIN BAGS Car lots. 10 Olio
coast.
Oils.
LINSEED OIL Raw. In barrels. M.10
5-gallon cans, $1.25: boiled, in barrels.
o-ganon cans,
TURPENTINE In drums, $1.44; five
gaion, cans, $1.59.
WHITE LEAD 100-pound kegs. UJVic
per pound.
GASOLINE Tank wagons and iron
barrels. 26c; cases, 37c
Lumber.
The following are direct niiAtntinn. An
Douglas fir and represent approximately
prevailing f. o. b. mill prices in car lots
and are based on orders that have been
negotiated:
Pre
vailing
Price.
$51.00
Flooring High.
Low.
1x4 No. 2 VG $54.00
1x4 No. 3 VG 41.00
$47 00
38.00
34.00
37.00 ,
65.00
53.00
60.00
32.50
35.00
1x4 No. 2 & B, SG .. 37 00
1x6 No. 2 & B, SG . . 41,00
Stepping .
36.00
No. 2 & B 67.50
Finish No. 2 and better
1x8 10-inch 56.00
Casing and base... 62.00
Celling
xi No. 2 & B 36.00
1x4 No. 2 St B 39.50
1x4 No. 3 81.00
Drop siding
1x6 No. 2 & B 39.00
1x8 No. 3 35 50
Boards end SL No. 1
Ix8-10-inch SIS ... 18.50
lxl2-inch 18.00
Dimension No. 1
2x4 12-14 18.50
33 00
36.00
36.00
31.5J
13.50
14.00
14.50
14.50 16.50
Planks and small timbers
4x4 12-16 S4S 21.50 16 50
8x10-12 12-16 S4S .. 23.00 20.00
Timbers 32 feet and under
6x6-8x10 S4S 24.00 21.00
Lath
Fir 5.00
21.50
Chicago Potato Market.
CHICAGO. July 20. Potatoes about
steady; early demand slow, movement
limited; receipts. 20 cars; total United
States shipments, 708; on track, 117;
Eastern Shore Virginia barrel, Irish Cob
blers $3S54.10. mostly ?3.904.00;
Kansas sacked Cobblers, No. 1, slightly
dirty. $2.00; sacked Early Ohlos, slightly
graded, one car $1.50; Minnesota Early
Ohios, sacked slightly graded, slightly
immature, one car $1.60.
Metal Market.
NEW YORK, July 20. Copper, steady;
electrolytic, spot and later, 14c.
Tin, steady; spot, 31.75c; futures,
31.87c.
Iron, steady, unchanged.
Lead, quiet; spot, 5.70S.75c.
Zinc, steady: East St. LouiB spot and
nearby delivery, 5.80c.
Antimony, spot, 5.00 5.25.
HEAT BUYING BETTER
BIG EXPORT BUSINESS
" ONE FACTOR.
IS
Prospect of Breakdown in Trans
. porta tion Is Another; Prices
Up After Early Break.
BY CHARLES MICHAELS.
CHICAGO, July 20. (By Chicago Trib
une Leased Wire.) Prospects of a breai;
down in transportation and a big export
business in wheat and course grains
brought better buying by cash interests
and covering by speculators today.
Prices advanced after an early break.
All closed around the top, wheat was
c to l&c Higher, corn unchanged to
c higher, oats lower tp unchanged.
The weakness of oats was in July and
ryf c to lc higher. Lard" gained 2c
to 17 He . '
There was sufficient shortage by cash
handlers and speculators to absorb the
selling pressure by pit tenders and re
sulted in a final bulge of 1c to lc.
Strength in the July wheat at Liverpool,
with a net gain of d, also a stronger
spot situation abroad and a delayed
movement from the country, were fac
tors which offset everything bearish. The
bearish news was more favorable crop
reports from the northwest. Late re
ports showed the largest export business
in a long time. July wheat touched $1.13,
while September was $1.12 to $1.12.
There were complaints of dry weather in
parts of western Canada and of disap
pointing yields in the southwest with
only 10 per cent of the Kansas crop
threshed.
Selling pressure was light, except for a
time early in the day. The big commis
sion houses absorbed the offerings on the
break, resulting in short covering toward
the last. Northwestern cash interest and
millers were moderate sellers to hedge
cash purchases in the interior. There
was selling of July and buying of Sep-
tember by the elevator interests and
buying against big export sales at the
seaboard.
Corn traders bought early on the big
export businness of Wednesday, - but
getting no outside help prices declined
vc only to recover tne loss ana nmsnea
with email net gains. Cash houses were
good buyers and receipts were lighter,
while export buying was again heavy
and the cash corn passed, into stronger
hands. The Iowa crop report says corn
is tasseling and earing with the plant a
week to ten days late.
The new oats, the first of the season.
were on the market today, a car coming
from near Mendota, Illinois. It inspect
ed sample grade, tested 27 pounds, heat
ing and sold at 33c. Cash markets were
stronger. Thi-re was buying of Decem
ber and selling of September at Jc o
3c by cash handlers, also fair buying
by commission houses. July was the
weakest with limited trading, but the
entire fluctuations were only c in the
most active future.
Eye was bought by exporters and solo.
by northwestern hedgers mt prices ad
vanced and closed near the top.
1111 ESI IRE
MAY NEARLY DOUBLES RE
TURN OF MONTH IN 1921.
Coal Strike Does Not Have Influ
ence on Revenues. That It" Was
Expected, to Have.
(Copyright, 1922. by the Public Ledger
company. Published by Arrangement.)
WASHINGTON, D. C, July 20. Prin
cipal railroads of the country earned j
$03,1)80,000 as net operating, income in:
May, according to reports of the inter
state commerce commission. This was
$11,708,735 more than the net income of
the preceding month and nearly double
that of May, 1921.
The degree, of improvement in the
railroad finances in the last twelvemonth
is reflected directly in the increased net
operating income, it is emphasized. The
increase in May over 'April caused' sur
prise, because of the nation-wide coal
strike, which, it was thought, would
tend to reduce railroad earnings. M
Percentage of return on the tentative
valuation of the roads in May was 4.36,
or 0.43 per cent more than in the pre
ceding month.
Although the May return fell short
of the 5.75 per cent fixed by the inter
state commerce commission as fair to
railroad security holders, few officials,
either of the roads or the government,
are long pessimistic over the financial
outlook.
The general condition of railroad
finances is unusually promising now, of
ficials believe, eyen when due allowance
is made for the strike of railroad shop
workers, which is expected to prove most
expensive for all of the lines.
Volume of freight offered is continu
ally increasing.
Very material reductions in operating
costs in the last year constitute another
factor favorable to the carriers. Operat
ing expenses in May amounted to $355,
588,800, or 6.4 per cent less than in
the same month of 1921.
In the western district the rate of
return was 3.41 per cent, and in the
eastern district 4.57 per cent.
QUOTATIONS ON DAIRY PRODUCE
Current Market Ruling on Butter. Cheese
and Eggs. i
SAN FRANCISCO, July 20. (U. S.
Bureau of Markets.) Butter, extra, 43Vi
cents; prime firsts, 41c; firsts, 40c.
Eggs Extras, 27c; extra pullets,
23c; undersized No...l, 18c.
Cheese California flat fancy, 21c;
flat firsts, 18c; Toung America fancy,
25 c. -
NEW YORK, July 19. Butter, Irregu
lar. Creamery higher than extras, 36 ft
37c; extras, 36c.
Eggs Weak. Fresh gathered extra
firsts, 2528c; firsts, 2224c.
Cheese Barely steady.
CHICAGO, July 20. Butter, higher.
Creamery extras, 34 He; firsts, 30 14 33c;
seconds, 29 30c; standards, 33 c.
Eggs Weak: receipts, 10,536 cases;
firsts, 2021c; ordinary firsts, 19hi
20c; miscellaneous, 2020c; storage
packed extras, 22 22 He; storage packed
firsts, 22c.
SEATTLE, July 20. Butter and eggi
unchanged.
Oregon Banking and Bond
News.
George D. Miles, president o'f the First
National-bank of Miles city, Mont., wno
spends apportion of his time here each
year, has noliiieo . nuwa.ru, vice
nresident of the Ladd & Tilton bank,
that after 40 years of "red tape" he has
received payment of a claim against the
government. Mr. Miles, with his uncle.
General Nelson A. ' Miles, founded the
nitv which now bears their name. Mr.
Miles took and proved on a pre-emption
claim and in paying his fees gave the
government $183 in excess of what the
total acreage charges should have been.
The mistake was discovered later and he
filed a claim. A few days ago a gov
ernment check was forwarded to him.
There were no Interest payments with it.'
Until Sherman Miles of St. Helens put
in his appearance here a few days ago
and told the story, E. C. Sammons, as
sistant cashier of the United States Na
tional bank, had been "holding out" the
story of hi3 recent arrest by St. Helens
traffic officers. It seems that Sammons
was attempting to demonstrate to
friend how he used to drive in France
when near the front and lighted cars
were taboo. He turned out his head
lights and was running his car through
St. Helens wnen an orticer or tne law
put 'in an appearance. Eddie was
taken before the justice of peace and
paid $10 for the privilege of going home.
The Josephine county . marble caves
will do .much to put Grants ass in a
more important position on the map of
Oregon, in the opinion of George P. Jes
ter, vice-president of the Grants Pass and
Josephine bank, who is in Portland. He
said that already a great many tourists
who- have heard about the caves are
driving. in over the recently completed
highway which makes tne scenic won
ders more accessible.
"The Columbia river highway beats
anything 1 have ever seen." This ia al
most the unanimous verdict of the ma
jority of the bankers who have been at
tending the convention of the American
Institute of Banking this week. "I
thought it was a good deal of hot air
all this talk about the highway," de
clared one yesterday, "but now that I
have seen it 1 am as sincere a booster
as is any Portlander." .
C. H. Wheeler, cashier of the " Baker
Loan & Trust company of Baker. Or..
arrived In Portland yesterday morning
and spent most of his time visiting with
officials or tne local banks, -tie reports
that there will be fair wheat crops
around Baker. The lumber industry's re
vival has helped his oity financially, he
said.
The banks of Portland have " been
crowded d urine- the la.nt fnw tiavs with
delegates to the American Institute of I
Banking. Presidents, vice-presidents and
other officials here have devoted prac
tically all of their time to showing the
visitors through their banks.
Fred L. Myers, cashier of the La
Grande National bank, was one of the
visitors at the local banks yesterday. He
came here on a double mission; he had
business to attend to and he desired to
take in the sessions of the convention of
the American Institute of Banking.
N C. Strong, vice-president of the
Merchants bank of Port Townsend.
Wash., was in Portland yesterday and
spent the most of the day looking up old
friends whom he knew when he worked
in a "cage" here. He was formerly an
employe of the Ladd & Tllton bank.
Kenneth Bartlett. former University of
Oregon football star who is now selling
commercial paper for A. G. Becker & Co,
of Seattle, was in Portland yesterday.
Edward Schulmerich, president of the
HJllsboro Commercial bank, was in Port
land yesterday. He called upon local
bankers.
''
Robert Pelouze, Multnomah club ath
lete and former football and basket ball
star of Stanford, has been added to the
bond selling force of Blyth, Witter & Co.,
according to an announcement made by
M. P. Griffith yesterday.
GUTTLE IN FROM SOUTH
FIFTEEN LOADS " RECErVED
FROM CALIFORNIA.
Speculators Buying Feeder Lambs
at Yards Hog Market Steady
and Unchanged.
Fifteen loads of California cattle
reached the North Portland yards yes
terday afternoon too late to go on the
market. There was no change In prices
in this division during the day.
Sheep and lamb quotations were un
changed. Speculators lately have been
buying feeder lambs freely around 6
centa and shearing about four pounds
of wool from them before turning them
out to pasture.
The hog market was generally steady
on prime -lights. Feeder pigs are quoted
lower.
Receipts were 387 cattle and 12 hogs.
The day's sales were as follows:
Wt. Price.l Wt. Price.
6 steers 1190 t 6.001 5 mlxd. 776 S 4.00
10 steers 1027 5.00 6 hogs. 185 11.65
1 steer. 670
1 steer. 860
4.501 1 hog.. 870 6.00
4.501 3 hogs. 133 11.50
6.501 2 hogs. 165 11.85
8.501 1 hog... 350 8.00
7.25113 lambs - 65 . 7.00
6.75132 lambs 66 7.10
5.00! 1 ewe. . 110 2.00
5.00! 8 ewes. 182 4.00
7.75! 1 ewe. . - 150 3.00
7.751 7 hogs. 101 12.00
2.851 2 hogs. 200 11.75
4.25! 5 hogs. 208 11.65
2.501 1 cow.. 650 1.50
2.501 4calvs 217 8.50
4.251 2calvs 155 8.75
9.001 2 mixd. 445 4.00
4.00126 lambs 78 9.00
2.751 4 lambs 07 8.50
6.001 6 lambs 61 7.00
4.501
3 steers 800
3 steers 80
2 steers 1082
1 steer. 1100
1 steer. 1 20
1 steer. 1020
1 steer. 1160
2 steers 1140
3 cows. 13
2 cows. 805
liCOW.,
6 cows.
820
R90
lcow.. 1000
2calvs 105
1 bull.
1 bull.
1 stag.
2 mixd
840
670
SO
00
Prices quoted at the Portland Union
stockyards were as follows-:
Choice steers $ 7.50 8.25
.Medium to good steers..... 6.75 7.50
Fair to medium steers...... 5.75f) 6.75
Common to- fair steers 4.00 5.75
Choice cows and heifers.... 5.75 6.25
Med. to good cows, heifers 5.25 5.75
Fair to med. cows, heifers
Common cowa
4.50 6.25
3.50 4.50
2.00 3.50
3.50 4.25
Canners
Bulls
Choice dairy calves..;
8.60 900
8.00 8.50
7.00 8.00
5.00 7.00
fnmfl ugnt calves
Medium lirht rnlvM . .
lieavy calves t
MOgS
Prime' light1-'1. .'. . ;
11. 50011.75
Smooth heavy. 200200 lbs. I0.50fflll.00
Smooth heavy, 300 lbs. up.. 9.0010.50
Kougn neavy. 8.00.10.00
Fat pigs 11.50 12.00
Feeder pigs 11.50&12.00
Stags, subject to dockage... 5.00 S.00
neep -
Choice -valley lambs 8.00 9.00
Medium valley lambs 7.00 8.00
Common valley lambs 6.00- 7.00
Cull lambs ; 5.00 6.00
Light yearlings 6.50 7.50
Heavy yearlings 5.50 6.50
i.ignt wetnera 5.50 6.50
Heavy wethers 5.0O 5.50
Ewes 2.00 6.00
Chicago Livestock Market.
CHICAGO. July 20. (U. S Bureau of
Agricultural Economics.! Cattle Re
ceipts, 10,000 head. Generally steady on
beef steers, she stock, bulls and stockers;
spots strong on best beef steers and
canner cows: early veal calves to out
siders, steady; top beef steers, $10.80;
bulk, $8.75 10.25; fat cows and heifers,
largely $5 7.25; canners and cutters
mostly $2.903.75; bulk bologna bulls,
$4.514.60: veal calves to outsiders, $10
10.25; packers bidding around $9
mostly.
Hogs Receipts. 25.000 head. Market
fairly active; better grades about 5c low
er than the best time or steady with
me average; otners steady to strong;
bulk good butchers, $1010.75; top,
$10.85; short load. $10.80 practical top:
bulk. $8.3510.75; pigs, steady, mostly
$9.7510.50; good packing cows mostly
$S8.50; heavy weight, $9.8510.35: me
dium, $10.2510.75; light, $10.7010.8O;
light lights, S10.4010.75: nac.kinir inn
smooth, $88.75; packing sows, rough,
$i.bO8.15; killing pigs. $9.5010.50.
Sheep Receipts, 17,000 head. Native
lambs and light eheep opening steady.
$13 to packers; culls mostly $8; seven
cars choice westerns, $13.50: medium
weight fat sheep, $7 7.50; heavies, weak
to lower.
Kansas City Livestock Market.
KANSAS CITY. Mo.. Julv 20. (II S
Bureau of Agricultural Economics.)
Cattle Receipts, 4000 head. Beef steers,
steady to 15c lower; heavy kind weakest;
stock medium weight, $10.25; best heavy,
$10.10; wintered grassers, $9.25; she
stock and yearlings, steady to weak; few
cows around $6.50; comman and medium
Kind mostly ?4 5; common to good grass
heifers. $5.25 7.25;. calves, steady to 25c
lower: best vealars. S88.50: other
classes about steady; bulk bologna bulls.
.o(g'.oo; most canners, $2.002.75;
fairly good cutters, $3.50. -
Hogs Receipts. 4000 head. Fairlv
active; steady to 5c higher; top, $10.40;
snippers iook aDout 12: bulk 160 to 200
pounds, $10.3510.40; 220 to 300 pounds,
$9.8510.25; packer top. $10.35: bulk,
$9.50 10.35; stock pigs, steady; best,
$10.50.
Sheep Receipts. 3000 head. Native
lambs generally 25c lower; one deck to
dealers, $13; packer top, $12.85; most
sorted lots, $12.25 12.75: culls around
$7; sheep, slow; spots 25c lower; odd
bunches light ewes, $7.257.50; most
fat lots. $6.256.7o.
Omaha Livestock Market. ,
OMAHA, July 20. (U. S. Bureau of
Agricultural Economics.) Hogs Re
ceipts, ju.oou neao. uood hogs, steady
to 10c higher; 200 to 325-pound butchers,
$9 10.25; top, $10.50; mixed and pack
ing grades, steady to weak, $7.758.75:
extreme heavieB and roughs on down to
-.2.
Cattle Receipts, 6750 head. Beef
steers and she -stock' stow, uneven about
25c lower; prime yearling steers, $10.50;
veal calves strong; other classes general
ly sieaay. .
Sheep Receipts, 9000 head. Lambs
slow, steady to 25c lower: early sales
western lambs, $12.75; top native lambs.
$12.90; sheep and feeders, steady; ewe
top,$7.50; light feeding lambs. $12.60.
San Francisco Livestock Market.
SAN FRANCISCO, July 20. Cattle
N01 1 steers. $6.507; second quality.
$5.256.25; No. 1 cows snd heifers, $4.50
5; second quality, $44.50; bulls and
stags, $34; calves, light, $8; heavy.
$57.
Sheep Wethers, $6.507; "ewes, $34:
lambs, $10.5011.50.
Hogs Hard fat grain fed weighing
125 to 200 pounda, $12.50; 200 to 250.
$11.30; 250 to 300, $10.50. .
Seattle Livestock Market.
SEATTLE. Julv 20. Cattln k.n
steady; no receipts; prices unchanged.
Oregon Sheep Prolific.
A Harrisburg, Or., special to the
Albany Democrat says:' "The ,ewe
owned by. Andrew Chrlstensen that
had the famous lamb of early win
ter now has a pair of 40-pound twins
that arrived May 25. Another ewe
on the same farm produced a single
lamb about the middle of June. It
Is considered unusual even in Ore
gon for lambs to be dropped semi
annually." . f . ..
AND ITALY BUY
EXPORT OPERATIONS
WHEAT PRICES.
LIFT
Foreign Purchases for Day Esti
mated at Two Million Bushels;
Market Closes Firm.
CHICAGO, July 20. Export buying,
together with diminished prospects of
settling the railroad strike, gave an up
ward slant today to prices for, wheat.
The market closed firm, c to c not
higher with September $1.12 to 1.12Vi
and December $1.13 to $1.18. Corn
finished at unchanged figures to ' c
gain, oats at c off to a. shade advance
and provisions showing a rise of 2 fee
to lie.
Export buying of wheat was estimated
as reaching fully 2,000,000, although it
waa after midday before signs of any
unusual purchasing for Europe devel
oped. Earlier the bulls had their eyes
chiefly on the strike situation as a mo
tive for higher prices. In this connec
tion, significance was attached to ' mes
sages from the southwast complaining
of inability to get cars to move new
wheat that had been sold by farmers.
Sudden expansion of European dema'.id
for wheat was in some quarters attribut
ed to increasing concern abroad aa to
the strikes interfering with rail ship
ments. Great Britain nad Italy were
said to be the principal foreign buyers.
Some renewal of talk about black rust
danger was heard, but traders as a rule
seemed to Incline to the opinion the
crop had become too far advanced to be
much hurt.
Corn was again in good request for
export, but less so than on yesteroay
and some houses said country offerings
to arrive were larger.
Trade In oats lacked volume.
Provisions were firm in line with hogs
and as a result of improved export in
quiry. The Chicago grain letter received yes
terday by the Overbeck & Cooke com
pany of Portland follows -
The news in connection with the wheat
trade was of a much different tenor
than that which has predominated re
cently and prices advanced despite the
absence of important, outside buying. The
anneara-npe of foreigners in the market
was unquestionably the most significant
development of the day. it was sam
that sales would a2e:regate at least 2,000,-
onn hiishels in all nositlons. Minneapolis
reported a good cash demand at aa
vanced premiums and in the local mar
ket prices also gained on the futures.
Some black rust reports were ireceiveu
from important sections of the north
west, carrying added significance be
cause they were accompanied with buy
ing orders. Strike news was less en
couraging and complaints were received
from different narts of the belt of car
shortage. The export buying today has
the appearance of being the start of a
broader foreign Inquiry and should prove
a strong bull card in the futures.
Corn Held within 1 comparatively
narrow range but displayed an under
current of strength and closed at the
best price of tho day. Receipts were
smaller than they have been running
recently and the cash markets strong at
a fractional advance. Shipping sales out
of Chicago were placed at nearly a mil
lion bushels of which 850,000 went to ex
porters. Country offerings to arrive
were reported as light. The urgency of
the cash demand taken in conjunction
with the decreasing movement in the
interior precludes the possibility of de
clining prces at this time.
Oats Showed a lagging tendency al
though buying on the recessions was
rather impressive. The cash market was
easy at the start, but turned firm to
wards the close. The first car of new
oats arrived testing sample grade 27
pounds and sold at 33 cents.
Kye Trade fair with continued buy
ing by the seaboard while selling was
led by the northwest In the form of
hedging. Cash rye was easier with sales
of No. 2 at two cents over July com
pared with 2',4 cents premium yesterday.
Leading futures ranged as follows:
WHEAT.
Ooen. High. Low. Close.
July.
$ 1.12 $ 1.13 $ 1.11 $ 1.1254
Sept.
1.11 Vk 1.12 J.J""
1.1314 1.13 v" 1.12
1.12
uec..
1.13
.63
. .64
.61
CORN.
.Kt'i .3
.64 .64
.61 .61
OAT3.
.34 .34
.35 .3614
.38 .39
July.
Sept.
.62
.64 14
.61
.33
.354
.38
Dec.
July.
.33
.35
.39
Sept.
Dec.
LARD.
Sept... 11.20 11.32 11.17
Oct.... 11.30 11.37 11.30
11.32
11.37
SHORT RIBS.
July 10.90 10.83
10.90
10.90
Sept j iu.u -iu.ou
casn prices were:
Wheat No 2 red, $1.12 1.13H ; No.
2 hard. $1.14 1.15 .
Corn No. 2 mixed, 64 65c; No. 2
yellow. 6565c.
Oats No. - wnite, o&iaisic; no. o(a
35 c.
Rye No. 2. Ho 860.
Barley 616Sc.
Timothy seed $4rt?S.
Clover seed 1018.
Pork Nominal. ,
Lard $11.22.
Riba $10.50 g11. 50.
Grain Pit Notes.
(By Chicago Tribune Lease Wire.)
CHICAGO, July 20. Northwestern
crops developed favorably, says Van
Dusen Harrington. Harvesting of South
Dakota wheat probably will start this
week. Some fields in southern North Da
kota show evidence of ripening.
C. E. Lewis & Co., Minneapolis, wires
that samples of new grain are very good,
rye showing as high as 80-pound test
weight, barley 48 pounds, Minnesota and
Iowa winter wheat 61 62 pounds.
Yields of rye in south Minnesota are
heavy, 45 bushels to the acre. Offerings
to arrive were .smaller today. Farmers
from Clark, 8. D., say they have the
best" crop of wheat and oats that sec
tion has had for years.
In two days Chicago cash handlers
have sold 2,000,000 bushels of corn,
mostly for export. One house has picked
up 1,000.000 bushels from a commission
houBe who took it in May delivery. A
few of the cash handlers own practical
ly all the corn here and it is being
moved out faster than it comes In. This
has brought good buying of September
and a little for July.
A survev of wheat market prospects is
sued by the department of research of the
American Farm bureau federation esti
mates the surplus of the United States
and Canada at 485,000.000 bushels. The
surplus, including Argentina, Australia
and India, is figured at 186.000,000 bush
els, making a total of 671.000,000 bush
els. Imports of the world last year were
640,000,000 bushels and If they are able
to buy as much as they need this year,
the total will be around 725,000,000 bush
els. That would exceed the total in
sight from exporting countries, which
means that the world will consume more
than it produces and must cut into the
normal carry-over into the end of next
year. Import requirements average ap
proximately 60,000.000 bushels monthly,
or 5,000,000 bushels more than for the
last 12 months.
If the estimates of surpluses of ex
porting countries and importing require
ments prove to be correct so that it be
comes necessary to deplete the normal
reserves before the 1923 crops are har
vested, there should be a strong market
during the first half of 1923.
CANADIAN CROP PROSPECTS GOOD.
Wheat In Western Districts Is Filling
Out Well.
The Canadian crop report , received
yesterday by Overbeck & Cooke company
follows:
Prospects in the prairie provinces con
tinue to be favorable on the whole.
Wheat in most districts Is heading out
well, but conditions vary. Extraordi
nary crops of all kinds are uniformly re
ported -throughout Ontario. Heavy crops
are also Indicated in Quebec and the
maritime provinces. Drought in British
Columbia has seriously affected hay and
grain. Fruit prospects, however, are
fairly satisfactory. Details follow.
Edmonton district More rain fcadly
needed. Wheat in portions heading out
short. On the whole prospects are not
up to average.
Calgary district Northeastern portion
expects fair yield and early harvest:
southern portion crops progressing fa-vorably.-
Lethbridge district conditions very
favorable, except Bow Island and Medl
cine Hat, where additional moisture re
quired. . Wheat heading out well. Rye
cutting should commence In 10 days.
- Saskatoon district conditions vary
and prospects are not promising In many
localities where the crop will be short
and light Heavy general rain badly
needed.
Regina district Conditions generally
continue favorable. Wheat ia filling
out well and , indications point to good
average crop. Oats crop only fair.
Wmnrper district Conditions continue
ENGLAND
favorable, and on the whole a good crop
is expected. Little or no damage -from
rust reported.
Quebec Cereal crops are all doing
well and have been helped -ty recent
warm weather. 1 , '
Ontario Weather conditions are con
ducive to good growth, although rain Is
little too frequent. Fall wheat cut
ting, general crop above average. Spring ;
wheat, barley and rye In good condition
with promise of heavy yield.
Maritime province All crops making
good progress. . . .-
British Columbia Drougth continues
Wthout sign of break. Hay cutting gen
eral, crop much below average. Grains
from half to two-thirds average crops,
cutting commenced. Hops good crop.
Okanagan fruit output estimated at over
4000 cars against 5000 last year. Ap
ples S200 cars, pears, plums and prunes
a good crop; peaches and apricots a satis
factory yield. Fraser valley fruit pros
pect less favorable. Apples average crop,
prunes, plums and small fruit only fair.
Cash Grain Markets.
Furnished by Jordan Wentworth & Co.,
Portland:
MINNEAPOLIS, July 20. Wheat No.
1 dark hard Montana. $1.38 1.43 ;
No. 1 dark Northern. $1.46 1.56 ; No.
2 dark. Northern, $1.49 1.53 ; No. 1
Northern. $1.46 1.4B ; No.. 2 . North
ern. $1.40 1.45. v , .
Corn No. 2 yellow, 560c
Oats No. 2 white, 32 33 e.
Rye 7880c. .
Barley 47 58c.
Flax $2.542.57.
OMAHA. July 20. Wheat No. 1 hard,
$1.05; No. 2 hard. $1.04.
Corn No. 2 white, 57c; No. 2 yellow,
58c; No. 2 mixed, 57c.
Oats No. S white, 8311c
KANSAS CITY, July 20. Wheat No.
3 red, $1.021.03; No. 1 hard, $1.10
1.05; No. 2 hard, $1.081.40.
Corn No. 2 mixed, 57c; No. 2 white,
57c.
ST. LOUIS. July 20. Wheat No. 2
red, $1.13iS1.15; No. 2 hard. $1.13.
Corn No. 2 yellow, 85; No. 1 yellow,
65 c; No. 2 yellow, 63 c.
Oats No. 2 white, 38c.
DULUTH, July 20. Flax, $2.582.60.
San Francisco Grain Market.
SAN FRANCISCO. July 20. Wheat
Milling, $1.92 ems: feed. $1.851.90.
Barley Feed. $1.17 1.22 ; ship
ping. $1.251.35.
Oats Red feed, $1501 60.
Corn White Egyptian. $2.12 2.17 ;
red Mllo, $1.90 1.95; yellow, $1.5061.55.
Seattle Grain Market. -
SEATTLE. July 20. Wheat Hard
white, soft white, white club, hard red
winter, soft red winter, northern spring,
$1.15; Eastern red Walla, $1.13; Big Bend
bluestem, $1.30.
Feed and hay unchanged.
Winnipeg Wheat Market.
WINNIPEG, July 20. Cash wheat
No. 1 Northern, $1.36; No. 2 Northern,
$1.32: No. 3 Northern, $1.21; No. 4
Northern. $1.08: No. S Northern, 97lje;
No. B Northern, 87; feed, 81c; track,
$1.35. July. $1.28; October, $1.17;
December, $1.13.
Minneapolis Wheat Futures.
MINNEAPOLIS. July 20. Wheat
July, $1.40; September, $1.18; Decem
ber, $1.16.
HIGHER SUGAR PRICES EXPECTED
Traders in East Look Forward to Bull
Market.
The New York sugar letter received
by wire by Overbeck & Cooke company
of this city follows:
The recent heavy activity in the sugar
market has practically closed up offer
ings of Cubas up to 3 11-16 cents c. and
f., and there were sales reported of from
50.000 to 60,000 bags August and Sep
tember shipment to Warner at 3 cents
c. and f. In addition, that refiner paid
3 23-32 cents for a cargo of afloat Cubas,
this being a resale by another refiner.
There were even intimations In some
quarters that the sugar situation would
culminate in a comer before the end of
the year, but as this has been adver
tised, some suggest that it will not ma
terialize. In Pennsylvania, sugar is said
to be stored to the roofs of garages, all
expecting prices to break through the
lO-cent level before the end of the year.
It la evident this morning, however, that
big operators were golng slow on the
buying side awaiting- confirmation of
any bullish factors that may preclude
lower prices.
NEW YORK. July 20.
centrifugal, 5.36; refined,
lated, 6.606.90.
-Raw sugar,
fine granu-
SAN FRANCISCO, July 20. California
Hawaiian raw sugar, 5.24.
SAN FRANCISCO PRODUCE MARKET.
Prices Current en Vegetables, Fresh
Fruits, Etc., at Bay City.
SAN FRANCISCO, July 20. (State
SAN FRANCISCO, July 19. (State
Division of Markets.) Poultry, broilers,
2787c; young roosters, 4345c; old,
1418c; hens, 1631c; ducks 10 (J 20c
live turkeys, 32 35c; dressed. 25 40c.
Fruit Apples, 8 and 4-tier. $34
cantaloupes, standard crate,' $1.252
Valencia oranges. $610.50; lemons
$3. 50 6. 50; apricots, pound, 3 to
grapefruit, $4 6: strawberries. 65
95c; raspberries. drawer, . 65 80c;
blackberries, drawer, 2535c; loganber
ries, drawer. 1525c; black cherries.
pound, 1518c; Royal Ann, 10 13c; figs.
single layer, ooioc; peacnes, crate, 75c
currants, drawer. 90c $1.00; watermel
ons, pound, llc; plums, crate, 75c
$2; grapes, crate, $33.25; pears, box,
$2.504.50.
Vegetables Artichokes, large crate, $4
9; asparagus, pound, oll; beans,
pound. 29c; carrots, sack. $1.75 2;
celery, $6.50; cucumbers, dozen, $2;
eggplant, pound, 810c: lettuce, crate.
$11.25: yellow onions, cwt-. $1.50 1.75;
parsnips, sack. $33.2S; peas, pound, 8
5c: bell peppers, pound, 58c; new po
tatoes, l2c; rhubarb, box. $1.25
1.50; summer squasn, crate. ?5c$l;
spinach, pound. 3ec; tomatoes, crate,
4050c; turnips, sack, $1. 101.25; new
corn, dozen, 15 20c; garlic, pound, 2
3c: beets, sack. iiui.
Receipts Flour, 4iu quarter sacks;
wheat, 10,510 centals; barley, 3710 cen
tals; potatoes, 2911 sacks; onions, 528
sacks; hay, 240 tons; hides, 209 bundles;
lemons and oranges, 1200 boxes.
Coffee Futures Irregular.
NEW YORK. July 20. The market for
coffee futures was more active today and
near months developed weakness under
liquidation due to the unexpected circu
lation of notices by a local commission
house. At the close the market was
irregular with prices 8 points lower to
13 points net higher. Sales were esti
mated at about 60,000 bags. July, 9.29;
September, 9.27; December, 9.37; March.
1.40; May. .4o.
Spot coffee dull; Rio 7s. 10; Santos
4s, 1414.
Chicago Oil Market.
(By Chicago Tribune Leased Wire.)
CHICAGO, July 20. Chicago f. o. b.
prices: Gasoline Tank wagons. 21c;
service stations, 23c; machine, 35.9c.
Oils Summer. 12.4c; winter, 12.9c.
Carbon Perfection, iron barrels, 11 c.
Linseed oil Raw, 1 to 4 barrels deliv
ery, $1.06; boiled, $1.08.
Corn oil Packages 24 pints, $6.25.
Turpentine, $1.87.
WE OWN
Tax Exempt Municipal
BONDS
City of Corvallis (Ore.) 6s .. 1930-1932 To Yield 5.107o
Umatilla County (Ore.) S. D.
No. 5, 512S 1942 To Yield 5.00
Umatilla County (Ore.) S. D.
No. 6, 512S 1942 To Yield 5.00
Weston (Ore.) Imp. 6s. ... . .1926-1929 To Yield 5.307o
Wilder (Idaho) Water 6s. . .1930-1940 To Yield 6.00
Western Bond & Mortgage Co.
Fourth at Oak Street Phone : Broadway 6464
Portland, Oregon
. raaeaiaaaaliuWSBrlSSHl
f Now Offering; Individual Contracts at Guaranteed Low Rates (Subject to
1. 1 Withdrawal Without Notice).
T i NORTH ATLANTIC WESTERN S. S. CO.
S3 WESTBOUND
CM Portland. Me. Boston New York Phlla. Baltimore Charleston
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SENTIMENT IN BOSTON SOME
WHAT DEPRESSED.
Prices Remain Practically Un
changed and Transactions Con
tinue on Peddling Basis.
BOSTON, July 20. (Special,) Prices
named by the American Woolen com
pany at its lightweight opening this
week were lower than the wool trade
expected and tended to depress senti
ment. This effect has been largely off
set by the opening ot the London wool
auction at par to 5 per cent above pre
vious closing quotations. Ab a result
wool prices here remain practically un
changed and transactions continue on
a peddling basis. Territory wools sell in
original bags at $1.25g'$1.30 clean, for
the best fine and fine medium, and $1.13
for good French combing. Half
blood Is leas active at $1.101.15.
Manufacturers show increasing inter
est in territory three-eighths bloods, and
it seems certain that .considerable use
will be made of them In this season's
goods, because of the scarcity of the
finer grades. Last year knitting yarn
people absorbed much of the supply.
This year the opposite is true. Sales
continue at 85 90 cents clean. Quarter
blood is quiet at cents.
Little is being done in the country,
except ia Texas. Even there buyers and
sellers are at odds. At a sealed bid sale
at Sanderson. Texas, offerings being
300,000 pounds, ail bids were rejected.
At Brackettville and Uvalde 300.000
pounds of eight-months wool, offered at
sealed bid sale, were secured by a Bos
ton house at a price said to be better !
than 40 cents In the grease and erti- '
mated to have cost about $1.05 clean
landed in Boston. I
Very little is being done In the fleece
wool country, as most clips have passed j
to country buyers or eastern wool houses. 1
Quotation here are unchanged. Small '
sales of fine A super pulled wool are 1
noted at about Jl clean. Lambs sell j
moderately. The best July puliings move
at 85&iM) cents.. June puliings are well'
sold. j
Some business ia in progress In South
American second clip and Buenos Aires '
low scoured eorts suitable for woolen
mills. Moderate transfers of good Aus- j
tralian and South American wooi con- 1
tinue to be made in bond, at prices that
look low when compared with anything
of similar utility available here.
Some scoured Cape is fcelng taken from
bond, duty of 45 cents a pound being
paid. As the emergency tariff Js not
likely to be displaced soon, large impor
tations of unskirted wool are predicted.
The Australian selling brokers' asso
ciation has arranged to offer only 750,000
bales at the various sales the coming fall
and winter, a seemingly small quantity.
The strong opening at London is taken
to mean that the oversupply of cross
breds, which weakened the market at
the close of the last sale, has been with
drawn and that the market will be fed
only as it caA absorb them without break
ing prices.
Receipts of both domestic and foreign
wool in this market have been heavy the
past week, totaling over 19,000,000
pounds, against 4,000.000 a year ago.
COTTON FUTURES CHANGES NARROW
Firmness in Stock Market Responsible
for Improvement.
(By Chicago Tribune Leased Wire.)
NEW YORK, July 20. Price move
ments were narrow in quiet dealings In
the market for cotton futures today. The
list fluctuated for the most part during
the morning within a range of about 15
points. Buying was from Japanese and
other foreign Interests and from Wall
street shorts, and demand was satisfied
by New Orleans and warehouses. The
market' improved in tone in the after
noon, active months being bid up to a
level 16 to 30 points net higher. The
weather map was bullish but firmness
in stocks was chiefly responsible for the
betterment. Profit-taking In the last
hour let the market 2 to 20 points net
higher at the close.
Spot unchanged at 22.50c for middling
upland; sales, none. j
Southern spot markets: Galveston,
steady, unchanged, 22.90c; New Orleans,
quiet, unchanged, 22.25c: Savannah,
uteady, 2 points higher. 22.ftSc; Augusta,
AND OFFER:
.Iiilv
A,. A
Aug. 20
FROM POKTtAND
8.9. BLUE TRIANGLE ....Sept. 4
ARTIGAS ..Sept. 18
LEHIGH Oct. 4
Pacific Coast Agents. Broadway E48L
the East. Passenger ser
China Line
COLUMBIA PACIFIC SHIPPING COMPANY
Operating United States Government Ships
DIRECT FREIGHT SERVICE YVITHO UT
TRANSHIPMENT BETWEEN
POKTLAN0, OREUON
and
YOKOHAMA. KOBE. SH4r.ini
TSINUTAO. TIENTSIN (TAKU BAR).
CHIN WABiGTAO, DAIREX
..Aug. ti U.S.S.B. BS. West Keats .w e
steady, 12 points higher, 23c; Memphis,
steady, unchanged, 22.50c; Houston,
cuiet, unchanged, 22.75c; Little Rock,
quiet, unchanged, 22.25c.
Naval Stores.
SAVANNAH, July 20. Turpentfne,
steady, $1.15 01.16; receipts, 757; ship
ments, 1587; stock, 6488.
I Rosin, firm: sales. 696; receipts, 2015;
shipments, 850; stock, 72.514. Quote:
B., $5.45; D., $5.00; E., $5.15; F., G.. H ,
$5.15; I., $5.20; K., $5 45; M., $5.65; N..
$5.80; WG., $6.45; WW.. $7.00.
Dried Fruit at New York.
NEW YORK. July 20. Evaporated ap
ples quiet. Prunes waiting. Peaches
dujl.
Hops, Etc., at New York.
NEW YORK, July 20. Hops, hides
and wool unrhancrpd.
SAN FRANCISCO & PORTLAND
STEAMSHIP COMPANY
For San Francisco
From Portland Ainsworth Dock
STEAMER ROSE CITY
: ill A. M
I" I' M..
Juiv J-J
July SI
and every nine days thereafter
PASSAGE FARE FROM PORTLAND
Promenade Deck 28.80
Outside Saloon Deck 26.40
Inside Saloon Deck 24.00
Third Class (Males Only) 15.00
Round Trip (First Class) 50.00
All fares include berth'
and meals while at sea.
iitMMs KcwptiM ii Nunferc will it ctnM is
Uimt it ntc if SI. 00 r 100 Mlids, mil cl
ledin ktse u 2000 peintfs.
City Ticket Office 3rd aiid Washington
Phone Broadway 5631
Freight Office. Ainsworth Dock
Mione Broadway 02d
ItfHDK
RTFAMSHTP
Admiral Farragut
Kalla from Municipal Dock No. I
WedneMlu.v, July 2. 10 A. M.
Every Wednettrlay Thereafter
for
SAN FKAN'CISCO
LOU ANGELES
SAN DIEGO
MEALS AMI BERTH
INCLUDED
ADM'I. GOODRICH
For Marsllfield, Eureka and
Han Francisco.
July 21, 7 P. M.. and every 15
dayn thereafter.
TICKET OFFICE
101 THIRD ST.. tOK. STAKK
Phone Broadway 6481
ss. i. -nymouin-Havre -rar is
PARIS Aug. 8 Aus. 23 Sep. 13
FRANCE Aus. 30 Sep. 20 Oct. 11
New York-Havre-Paris
La Savoie Au. 14 Sepl 9 Oct. 21
KoUKaillon Aug. 14 Sep. 19 Nov. 2
Lafayette Aug. 19 Sep. SO Oct. 2
Chicago Aug. ai uci. o .ov. v
I a Touralne ..Sep. 7 Oct. 11 Dec. 7
La Lorraine ...Sep. 16 Oct. 14
La Bourdonoais.Sep. 2K Oct. 26 Dec. 2
N. Y.-Vigo (Spain) - Bordeaux
Niagara Aug. 5 Sept. 1
All MllinKs by daylieht-saviiuc time.
"For full details consult the French Line
Agent in your city or write to
COMPANY'S OFFICE
109 Cherry St.. 'Seattle, Wash.
ASTORIA
Seaside North Beach
Str. GEORGIAN A
t,va. Daily (except Kri. and Sat.).
8:30 A. 31.
LVS. SATURDAY, 13 NOOlf.
(No Stopa Direct to Aatoria.)
I Direct Connection for North Beach.)
Str. Madeline Sat. Only, 8:30 A. M.
NIGHT SERVICE
Leaves $aily tExcept Sunday) 7:30
Fare (1.85 One Wuy; $3.00 Seaaoa
Round Trip.
Week-End Ronnd Trip $2.50.
All Boats Make Direct Connections
for Seaside, Gearhart, North Beach.
alder-St. Dock. Broadway 6344,
Ike Uarkina Transportation Cut -
i