23 THE MORNING OREGONIAN, THURSDAY, JULY 27, 1922 VEST OF SPR NG UNOER Early-Sown Wheat Fair in Some Sections. LATE PLANTED IS POOR Winter Wheat Threshing Is Mak ing Good Progress Weather Favorable for Haying Work. The harvesting of winter wheat in Or egon is proceeding without interruption and considerable threshing has been done, says the weekly crop summary of the weather bureau. The harvest of spring wheat and oats is well under way in some localities. Spring grain that was sown early is fair in some sec tions and poor in others; that which was sown late is generally poor and in many cases is a complete failure. Irrigated corn continues to do well, but unlrrl gated corn is showing more serious ef fects of the drouth. Unlrrigated meadows are dry. Irri gated alfalfa is doing well. The weather has been favorable for haying. Cutting of the first crop is nearly complete in central counties. The third crop is start ing well in southern counties. Baling of hay is well advanced in the Willam ette valley. Some clover has been, hulled. Pasturage is dry and poor, except in the mountains and in irrigated districts. Domestic stock is feeling the effect of short pasturage. Range stock is gen erally doing well. Picking of loganberries continues. ' In some places considerable loss has been sustained because the berries ripened more rapidly than they could be picked. Apples are sizing well. There is a heavy crop of prunes in some sections, but rain is needed for best results. Some apricots are in market and early peaches are ripening in southern counties. Black berries are less plentiful than usual. . Marketing of early potatoes continues. Iate potatoes and garden vegetables, ex cept where irrigated, are suffering from drouth. A few tomatoes have been mar keted. It has been too dry for hops. The weather was generally somewhat cooler during the week, but some high temperatures occurred in eastern coun ties. There was much cloudiness along the coast, and at times this extended over most of the state. A few light showers occurred in scattered localities, but except over small areas in south central counties the rainfall was too light to be of benefit to vegetation or to retard farming operations. Fog near the coast and somewhat higher humidity grenerally were of slight help in con trolling forest fires. Water for irriga tion is generally plentiful, but. in some places springs and streams are falling. LARGE RESERVE WEAKENS BUTTER San Francisco Dealers Do Not Look for Heavy Importations. Advances in butter were not main- ' tainedt San Francisco in the last week j and 92 score closed Friday at 38 c, the same figure as two weeks before. The principal reason for the lower prices has been the general dullness of the market caused by lighter consumptive demand, as many people have left the city on vacations. Dealers also felt rather un settled about future markets, due to the heavy storage accumulations for the en tire country, and were willing to move goods at a lower level. Receipts for the week show quite a loss and indicate much lighter production causing some strength to the market. The majority of the trade feel that the market is in good shape, although prices are lc lower than last year at this time, and storage stocks went in at higher prices than in 1921. It does not look probable at this time that Australia or New Zealand will send much butter here in the fall and winter, due to rate of exchange, high tariff and possible low prices here. The Los Angeles market closed at 42c. Receipts on eastern markets continue too heavy to be steadily absorbed, caus ing all markets to be generally weak, with price tendencies lower. Trade for the last week was quiet, but about the middle of the week, when prices reached a point considerably lower than the average cost of the butter now in stor age, there was an improvement in the demand for fine butter. All markets did not advance, but a considerably firmer tone was noted and there was also a fair sized export order for unsalted but ter, which gave some strength to the market, mostly in a sentimental way However, the markets were not cleaned up, and at the close there was consid erable doubt as to whether demand would continue heavy enough to keep goods moving. Receipts are heavier than a year ago and the surplus in storage stocks over last year is gradually in creasing. Very few dealers have confi dence In the situation; still the market shows no real sign of a big break and, ooking to the winter months, many believe- that storage butter is good prop erty. The latter look to the excellent consumptive demand and export orders to support the markets. LOCAL OPERATORS STORE- BUTTER Holdings 100,000 Pounds More Than a Year Ago The movement of butter into local storage continues at a good rate. In the past week 48.497 nmiri a- i as compared with 00,784 pounds in the "iCVJUUa ween, xne into-storage move ment at Seattle for the week was 54,259 Bounds ' The eg&r surn-lus ia Ho- j - "viu8 ovui eu, 457 casas going in locally during the The official report of storage holding of dairy and Boultrv nmHi..tc 3 r . land and Seattle compares with a week msu aoa a. year ago as follows: At Portland -Pound Butlsr 639,033 5.)0,33S 435,60ft -l",OOJ -Vi.Z.Stf nia,i,4 Poultry 117,714 12a;049- viletiS Butter 76.1.01.-.' 7n tsj r Cheese 368.007 854,!ei4 4!867 "5S ou.itw 4H.468 ;:,788 Poultry 197,770 196,008 S4.107 Cases. DAMAGE FROM RCST IS SMALL Spring Wheat Crop tn North Almost Out of Danger. Reporting on the condition of the spring wheat crop the Price Current said yesterday: v "Most of the spring wheat nas ad vanced to a stage where rust will not injure it. A week or more of favorable weather will place the bulk of the crop out .of danger of rust damage. So far rust damage has affected only a small percentage of the crop. Corn outlook is generally good, although some sections need rain and scattered reports of crops ' POULTRY WANTED Any Kind. Any ftnantlty, SatUfac tory Prices. Checks by Return Mall Guaranteed. The Savinar Co., Inc. 10O Front St Portland, Or. tasseling and earing on short stalks. New-crop oats coming out better than expected a month ago, due to timely rains." Russell's review of crop conditions fol lows; "Wheat average seasonable in most sections, but very warm in lower great t p iuiio states. Moisture suiij.cijii in most districts except the southwest, though rain is needed in some lower Qhio vaK ley localities and it is toowet in parts of the southwest. Threshing of winter wheat progressing. Conditions favorable for spring wheat except for damage In the more western portion of the belt on account of lack of rain. Late corn de teriorated in the southwest, but progress and conditions satisfactory in most yf the principal producing areas." . " BIDS ARE STEADY ON" LOCAL BOARD Only One Large Wheat Buyer in Market at Present Time. Business In " the wheat market yester day was of small proportions. Only one exporter is active at the present time, the others evidently having covered their sales. Mills are showing a lack of in terest, believing they can buy cheaper later. At the same time sellers are show ing no uneasiness and are not inclined , to accept current offers. All bids at the Merchants exchange were the same as Tuesday. ' The . Chicago telegram to the Gray Rosenbaum Grain company follows: - "Undertone of market very weak. Ex port buying but temporary sustaining factor ; with any letup of buying from any sources, market settles back. Re ceipts continue liberal. First car new wheat from South Dakota received in Minneapolis today. Expect heavy spring wheat movement meeting winter wheat. Receipts will be too much for market." Liverpool July wheat closed unchanged at lis -2d and September closed lower at 10s 4!4d. Buenos Aires wheat opened 14 c higher at $1.26 & for August and $1.26. for September. , Broomhall's cablo, follows: "United Kingdom There is a steady tone in wheat with buyers taking fair quantities of nearby positions. Offerings of wheat for deferred shipment appear in rather liberal supply and the demand for late positions is rather moderate. Wheat stcoks in Liverpool 952,00ft bushels verb us 1,136,000 bushels last week. Corn market continues to display a firm tone with fair trade progressing. Offers of Plate In fairly good supply, but shippers holding firm. "Argentina Foreign demand fair with, country offers not pressing. Weather so far has been generally fair. Recent rains have been favorable for the conditioning of new corn." Terminal receipts, in cars, were re ported by the Merchants' exchange as follows: Portland Wheat. Brly. Fir. Oats. Hay. Wednesday .... 54 ... 8 ... 8 Year ago 78 t 8 '5 7 Season to date.. 648 6 114 23 107 Year ago 1449 20 170 oti 103 Tacoma Tuesday 11 f Year ago 32 1 l Season to date.. 277 1 70 4 15 Year ago 372 5 76 6 17 Seattle Tuesday 12 ... 2 ... 7 Year ago 7 ... 5 . 7 Season to date.. 353 ... 103 24 82 Year ago 251 2 112 14 105 SUGAR TEN CENTS HIGHER TODAY Coast Market Responds to Stronger Con ditions East. A 10-cent advance in sugar, effective this morning, was announced by local jobbers. The new- list price on cane granulated is $7.80 a hundred. The daily New York sugar telegram received yesterday by Overbeck & Cooke company follows: "Yesterday's active buying movement raw sugar absorbed about all the of ferings of Cubas at 3 cents, about 250,000 bags, and today the lowest of ferings were at 3 cents and only in limited way. Arbuckle today bought 1500 tons Philippines In port at 5.36 cents c. i. f. with further buyers of Cubas at 3 cents. A large export business has been put through by local refiners at 5 cents for September shipment. The do mestic demand continues fairly active at prices ranging from 6.90' cents to 7 cents. Raw sugar futures opened active one point higher to, a decline of one point, then so)d off four to five points on active realizing." NEW YORK. July 26. Raw suear. centrifugal, 5.30c; refined, fine granu- .ted, 6.90c to 7.00c ' SAN FRANCISCO, July 26.- ilifornia- Hawaiian raw sugar, 5.36c. CALU'ORNIA CHEESE TO PORTLAND Cube Butter Market Slow With No Out side Demand. There was a good supply of poultry on hand yesterday and with the demand slow the market was weak. The. dressed, meat market wa also easy. Cube butter trade was slow and prices were weak, but no lower. Because of the lack of a shipping outfit, holders are putting their surplus into storage. A good-sized shipment of cheese from northern California is on the way to this city. The egg market was sluggish with a weak undertone. Bank Clearings. Bank clearings of northwestern cities yesterday were as follows: Clearings. Balances. Portland $3,490,125 J1.241.3S8 Seattle 4.635.811 ' l!.2a9 Tacoma . . . '. 2.328.O00 Spokane 1,324,771 5U2.320 Transactions. PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc. V ' Merchants' Bxchange, noon session. Wheat July. Aug. Sep. Hard white t 1.09 1.09 $ 1.09 Soft white 1.07 1.07 1.07 White club 1.07 1.07 . 1.07 Hard winter 1.07 1.07 1.37 Nor. spring ..: 1.07 1.07 ... 1.07 Red Walia 1.04 1.04 1.04 Oats No. 2 white feed... 35.00 33.00 32.00 No. 2 gray 34.00 32.00 31.00 Corn No. 2 E. T. shipm't. 30.25 30.25 80.25 FLOUR Family patents, J8 per bbl.i whole wheat, $7: graham, $6.80; bakers' hard wheat, 7.80; bakers' bluestem pat ents, $7.60; valley soft wheat, $6.25; straights, $6.35. MILLFEBD Price f. o. b. mill: Mill run, ton lots, $34; middlings, $41; rolled barley, $37 3D; rolled oats, $43; scratch feed, $50 per ton, CORN White, $37; cracked, $39. per ton. HAT Buying price f. o. b. Portland: Alfalfa, $1616.50 per ton; cheat, (14; oats and vetch, $17; clover, $15; valley timothy, $18; eastern Oregon timothy $2122. Butter and Country Produce. BUTTER Cubes, extra, 38c per lb.; prints, parchment wrapped, box lots, 46c; cartons, 47c Butterfat, 4647o deliv ered station; buying price, A grade, 44c EGGS Buying price: Current receipts, 21c dozen; henneries, 23 24c dozen. Job bing prices: Case count, 2425c; candled ranch, 27c; selects, 28 29c Association selling price. Selects. 30c; browns, 29c; firsts, 27c; pullets, 25c. CHEESE Tillamook triplets, price to Jobbers, f. o. b. Tillamook, 26c: Young Americas, 27c; longhorns, 27c pound. POULTRY Hens, 1221o lb.; broilers, 1820c; ducks, 1522c; geese, nominal; turkeys, nominal. VEAL Fancy, 1313c per pound. PORK Fancy, 15 16c per pound. Fruits and Vegetables. Local jobbing quotations: FRUITS Oranges, Valencia, $9 10. 50 per box; lemons, $T.508.50; grapefruit, $67.50 box; bananas, 910o lb.; canta loupes, $1.252.75 crate; cherries, 16c pound; peaches, $11.50 box; raspber ries, $2.25.50 crate; apricots, $1.75 2.25 per crate ; loganberries, $1.251.50 crate; currants, $2 per. crate; plums, $2 $2.50 per box; watermelons, 2c per pound: blackcaps, $2.252.50 per crate; casabas, 5c pound; new apples. $34 per box; blackberries, $2.50 per crate. POTATOES Oregon, $1.251.35 per 100 pounds; new, 24o per pound; sweet potatoes, eastern, $1.75 per crate. ONIONS Yellow. $2.5 sack. VEGETABLES Cabbage, 2rt3o per pound; lettuce, $1.502.30 crate; garlic, 1520c per pound; green peppers, 25 30c per pound; tomatoes, 90c$1.25 per crate; cucumbers, $1Q)1.25 per box; green peas, 510c pound; beans, 5llc per pound; green corn, 50c60c dozen. Staple Groceries. Local jobbing quotations: SUGAR (sack basis) Cane, granulat ed, 7.60c pound; beet,. 7.60c per pound. NUTS Walnuts, 1535c per pound; Brazil nuts, 174lc; almonds, -lriffl 26c; peanuts, 10llc per pound. RICE Blue Rose, 6c pound; Japan style, 6.106.25c per pound. COFFEE Roasted, bulk, in drums, 20 39 o per, pound. SALT Granulated, bales, $2.603.65; ha.W ground, tons, 50s, $17; 100s, $16. DRIED FRUITS Dates, 14c pound; figs, $1.902.75 per box; apples, 15c per pound; peaches, 18c"; prunes, 14 16c. BEANS Small, white. 8Hc; pink, 6c; bayou. 6ttc; red.6c; lima, 11c per pound. Provisions. Local jobbing quotations: HAMS All sizes, 3333c; skinned, 38c; picnic, 18c; cottage roll, 25c. BACON Fancy, 3844c; choice, 29 S3c; standards, 24 26c. LARD Pure tierces, ltfto pound; compound, tierces, 14c DRY SALT Backs, 20 33c; plates, 18c ' 1 ' Hides, Hops, Etc. HIDES Salted hides, 6Hc pound; salted bulls, 5c; green hides and bulls lc less salted calf, 10c; salted kip, Sc; salted horse hides, $12 each; dry horse hides, 50c J $1 each; dry hides, 11c lb.; dry cull hides, half price; dry salted hides, half price. PELTS--Dry long wool, 1718c; dry short wool, half priceT salted pelts, full wool, f 1.2.". 1.50 each; dry long hair goats, 12c pound; dry short hair goats, half price; shearings at value. TALLOW No. 1, 5c; No. 2, 4c pel pound; grease, 3c pound. CASCARA BARK New peel. 6c per pound; old peel, 7c per pound. OREGON GRAPE Grape root, 5c. per pound. - HOPS 1921 crop, nominal, 12 15c per pound; contracts, 15c. WOOL Eastern Oregon, 2639c per pound; valley wool, fine and half-blood, 2830c; three-quarter blood, 28j?30c; straight quarter blood, 23 25c; low quarter blood, 2022c; braid, 1820c; matted, 15 18c. MOHAIR Long staple, 30c; delivered Portland; short staple, 25c; urry, 20o per pound. GRAIN BAGS Car lots, 10 94 He coast. . ' Oils. LINSEED OIL Raw, in barrels, $1.10; 6-gallon cans, $1.25; boiled in barrels, $1.12; 5-gallon cans, $1.27. TURPENTINE In drums, $1.44; five gallon cans.- $1.59. WHITE LEAD 100-pound kegs, 12 Vie per pound. GASOLINE Tank wagons and iron barrels. 26c; cases, 37c. Lumber. The following are direct quotations on 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 High. Low, Prices Flooring 1x4 No. 2 VG .. . 1x4 No. 3 VG 1x4 No. 2 & B, SG Stepping No. 2 & B ; . .$52.00 $48.00 ,$49.00 41.00 40.00 36.00 65.00 Finish No. 2 and better . 1x8 10-inch 56.00 Casing and base... 63.00 ' Ceiling x4 No. 2 & B 36.00 Drop siding 1x6 N. 2 & B 39.00 1x6 No. 3 36.60 Boards and SL No. 1 lx8-inch SIS 18.50 Dimensions No. 1 S & E 2x4 12-14 18.00 Planks and smalt timbers- 4x4 12-16 S 4 S 17.50 3x10-12 12-16 23.00 Timbers 32 feet and under-6x6-8x10 S4S ..... 20.00 " Lath Fir 5.20 33.00 38.50 14.50 15.50 15.50 16.50 19.00 I EXPORT BUSINESS LIFTS CHI CAGO MARKET. Gains Later Reduced When Hedg ing Sales Are Renewed; Of ferings of Grain Increase. CHICAGO, July 26. Export DUrchas-j ing m large amounts crouent aDout a moderate upturn today in the price of wheat, but with hedging sales renewed the gains proved mostly transient. The market closed unsettled c net lower to ic advance, with September $1.07 to $1.07 and December $1.00 t $1.09. Corn finished c to lc lower, oats ic to cigher; and provisions down 20c to 32c. Urgent buying of red winter wheat for shipment from ports on the Gulf of Mex ico was credited to France, and it was estimated the day's export business in all positions would total 2,000,000 bush els, snippers nere, nowever, continued to say that although there was no ait ficulty in getting exporters to take wheat that was loaded or was due to be loaded in a day or two, anything beyond this was hard to dispose of. Offerings of wheat Increased on all advances in price, with the character of the selling denoting more hedging from the country, especially the southwest. Another bearish influence was the heavy receipts at primary points, nearly double the -aggregate a year ago. In addition, reports from a variety of sources indi cated that most of the spring crop had reached a stage beyond danger from rust. Emergency orders regarding rail road traffic had no apparent 'effect on the course of prices. Corn, like wheat, declined as a result or enlarged rural orrerings. oats devel oped strength because of disappointing threshing reports. Provisions were depressed by weakness in the hog market. Packers did much of the selling. The Chicago grain letter received yes terday by the Overbeck & Cooke com pany of Portland follows: Wheat Buying by eastern interests, presumably representing sales for ex port, contributed to the early strenirth. but the market encountered persistent selling by hedgers on each fractional ad vance and developed weakness before the close. A feeling of indecision is preva lent m trade circles because of the dis- rupted labor situation.. The coal strike and its effect on the" induustry of the country is. now causing more concern than the railroad strike, the latter being a factor only on' the nearby deliveries. The cash demand in all markets was re ported less active and prices lower, ex cept for choice grades. The tremendous export business reported yesterday was said to be largely tilling old sales, which minimized its effect on the market. It appears as though the pressure of hedg ing sales is too great for the limited buy ing power, and heaviness is likely to ob tain until there is some incentive to pro mote aggressive bullish tactics. Corn This market gave a display of strength early in the day in sympathy with wheat, but weakened for the same reason, notably lack of outside interest on the buying side and selling by cash houses against purchases of cash grain In the country. Receivers reported 'in creased offerings to arrive, presumably inspired by the exceptionally favorable condition of the growing crop, which has also been a factor in influencing liquidaT tion of long December contracts. A fair export business was reported, but the de mand was said to be less keen than of late. Unless the cash demand continues unusually good, it will be difficult to maintain values in face of a prosective increase in country selling. Oats Buying early in the day was con- lined ostensibly to covering of short con tracts, and prices weakened as .soon as the demand from that quarter had been satisfied. Receipts were estimated at 120 cars and the cash market was relatively steady. Hedging pressure is a factor in this market as well as in other grains. Rye The bulk of the trade today was between hedgers and seaboard interests. the latter presumably representing export sales. Cash rye was easier, with sales of No. 2 at lc over July. Leading futures ranged as follows: WHEAT. Open. High. Low. Close. July $1.09 $1.12 $1.09 $1.09 Sept 1.07 1.07 1.06 1.07 Dec 1.09 1.10 1.09 1.09 - CORN. July.. 62 .61 .61 Sept.. 62 .63- .61 .61 Dec 58 .69 .57 .57 OATS. July...... . .. .32 .31 .32 Sept .33 .34 .38 .33 Deo.rt., .86 i .37 .36 .36 LARD. Sept 11.37 11.37 11.25 11.25 Oct 11.40 . 11.40 11.30 11.32 ' SHORT RIBS. - July 10.70 Sept 10.90 10.75 10.78 Cash prices were aB follows: Wheat No. 2 red, $1.111.12; No. 2 hard. $1.124 1.14. Corn No. 2 mixed, 6464t4c; No. 2 yellow, 4V4 65c. . Oats No. 2 white, 35 37c; No. 8' do, 84835Vsc Rye No. 2, 8081c. .. Barley, 57 60c. Timothy seed, $45. Clover seed, $12 18. Pork, nominal. ' - Lard, $11.20. Ribs, $10.2311.25. . Chicago Grain Pit Notes. (By Chicago Tribune leased Wire.) CHICAGO, July 26. A large export business in wheat and corn is being done airect by Chicago and seaboard houses and is not all reported. This makes it very difficult for the seaboard to secure all the information and the trade always looks to that quarter for export busi ness. At present an enormous business is being done direct with the gulf and sales today were close to 2,000,000 bush els. Wheat is moving to Galveston and New Orleans and exporters are bidding higher prices for wheat within 30 miles of Chicago to go to New Orleans. Con siderable business has been done in the last few days. Minneapolis had its first car of new wheat today. It came from South Da kota, tested 60 pounds and graded No. 1 dark northern and sold at 45c over their September. The large number of boats at the ele vators in Chicago and South Chicago to load wheat for export are sufficient to absorb the greater part of the grain on track. The boats are loading as fast as possible. On Tuesday 960,000 bushels of wheat, corn and oats, mostly wheat and corn, were loadett into boats and there were also heavy loadings of oats. a'I8 in the west for th "eek was 560,000 hogs, against 524,000 last year for the summer season -to date 12 697 000 or 700,000 more hogs than last year. Cash Grain Markets. . Furnished by Jordan-Wentworth & Co.. Portland. ' MINNEAPOLIS, July 26. Wheat No 1 dark hard Montana, $1.26 1 32 -No. 1 dark northern, $1.3914 1.50 ; No 2 dark northern, $1.33 1. 4714 ; No. 3 dark northern, $1.30i 1.44 ; No. 1 ?i0roh1!r,,lliS5,41-42,4: No- 2 northern, $132 1.38; No. 3 northern, $1.28 1.3.1; Durum, $1.06 1.07 Corn No. 2 yellow, 5758c. Oats No. 2 white, 303l7iC Barley 45 56c. Rye 7273c. ' - ' , Flax 2.472.48.' .DULUTH. Julv 5R mul ivr i dark northern, $1.21 1.27 ; No 2 dark northern, $1.17 1.22 ; No. 3 dark northern, $1.09 1.15 ; No. 1 amur ujrum, .1.00 Oats 29 31c Rye 77c. Barley 3 60c. Flax $2.48. ST. LOUIS, July 26.' Wheat No. 2 red, $1.11; No. 1 hard, $1.11. Corn No. 1 miroH U1. ATa o ,,! low, 6566c; No. 2 white, '63c. ' uats :o. white, 35c. KANSAS CITY, July . 26. Wheat No. rnr). 51.0. TUn 9 H tt Altai fin . xr n hard, $1;31.07. ' J V ' . Corn Nn 2 mlT.H KttiLr" xrrt o nri,n. 56c. .. " . WINNIPRO .Tii!i7 9 u;i,( u i northern, $1.43; No. 2 northern, fi.siTa; o, 3 northern, $1.24; No. 2 white,. 46. Grain at San Francisco. S4TC FBiWPICPn T! nn Tin Milling, $1.921.95; feed, $1.851.90. Barley Feed, $1.17 1.22 ; shin ping, $1.253.35. oats Red, teed, $1.501.60. ....... fkiau, .i.i-- (y.xj y2 i red milo. $1.90 1.95; yellow, $1.50 1.55. iay wneat, iiotgn; lair, $13lo; falfa, $1315; stock, $9'11; straw, nominal. Seattle Grain Market. SEATTLE. July 26. Wheat Hard white, soft white, white club, hard red winter, soft red winter, northern spring, i.i4; eastern red walla, $1.12; Big Bend bluestem, $1.25. Hay and feed unchanged. SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO, July 26. (State Tti. vision of Markets.) Poultry Broilers, 27 35c; young roosters, 23 45c; old roosters, -1418c; hens, 1631c; ducks. 1020c; live turkeys, 3235c; dressed 25(5' 40c; hares, pound, 13 15c; squabs! dozen, $33.50; jackrabbits, dozen, $2 F-uit Apples, 3 to 4 tier. 2 2XfflH. oranges, Valencia, $611 box; lemons, $3.5008.50; grapefruit, $46; apricots, pound, 37c; strawberries, drawer. 65 90c; raspberries, drawer, 85 85c; black- Dernes, arawer, arfoc; loganberries drawer, 2535c; cherries, pound, nomi nal; figs, single layer, 85c$l; peaches, crate, 75c$l; currants, drawer, $1.15 witLeimciuna, per pound, 11c; plums, crate, 7-5c$1.7'5; grapes, crate, $22.75; pears, box, $1.503; canta loupes, crate, $11.50. vegetables Artichokes, large crate, $49; asparagus, per pound, nominal; beans, pound,, 29c; carrots, sack, $1.50 1.75; celery, .crate, $6: cucumbers, inc. 5075c; eggplant, pound, 58c; lettuce, crate, $11.25; onions, white, crate, $1 1.25; yellow, cwt., $1.501.75; parsnips, sack, $2.503; peas, pound, 34c; bell peppers, 'pound. 5 8c; new potatoes, 1 i-cc; sweet, oc; rnunaro, box, $1.25 1.50; summer squash, lug, 5085c: spin ach, pound, 34c: tomatoes, crate. 4fta 50c; turnips, sacks, $11.25; green corn. uqzen, lor.-uc; beets, sack. $12. Receipts Flour, 230 quarter sacks; wheat, 2500 centals; barley, 3957 "centals potatoes, 4201 sacks; onions, 180 sacks' hay, 145 tons; hides, 789 bundles. QUOTATIONS ON DAIRY PRODUCE Current Market Ruling on Butter, Cheese ' and Eggs. - SAN FRANCISCO, July 26. XV. . Bu reau oi Agricultural Economics.) But ter, extras, 41c; prime firsts, 39 c: firsts, 39 e. , Eggs Extras, 27c; extra pullets. 23c; undersized. No. 1, 17c. Cheese Calif ornia flat fancy. 22c: California flat fancy, firsts, 19c; young America tancy, soc. NEW FORK, July 26. Butter Firm er. Creamery higher than extras, 35 35c; extras, 84c; firsts, 3133c. Eggs Steadier. Cheese Easy. SEATTLSV'July 26. Butter and eggs uncnangeq. - - The -COMFORT ROUTES EUROPE New York Cherbourg Southampton Hamburg ORDUNA ..Aug. 12 Sep. 16 Oct. 21 OROPESA ..Aug. 26 Sep. 30 Nov. 4 OJtBITA ...Sep. 9 Oct 14 Nov. 18 DIRECT PASSENGER SERVICE From Pacific Coast Porta to U. K. Regular Sailings. . South America New York Havana Panama Pern Chile EBRO Aug. IS ESSJ5Q.UIBO : Sept 9 "E" St'm'rs 14,350 tons displacement Regular Sailings From CRISTOBAX to WEST COAST of SOUTH and CENTRAL AMERICA From ENG LAND to BRAZIL and ARGENTINE Special Reduced Fares for Round South America Tours The Royal Mail Steam Packet Co. The Pacific Steam Navigation Co. The Nelson line RAN1ER BLDG., SEATTLE, WASH AUSTRALIA Honolulu, Suva, New Zealand. The WeU Equipped Royal Hail Steamers 'Niagara' (20,000 tons), July 21, Sep. 22. Nov. 24. "Makura" (13,500 tons) Aug. 18, Oct. 20, Dec. 2. Sail from Vancouver, B. C. For rates, etc, apply Can. Pae. By, 55 Third St., Portland, or Canadian-Australasian Royal Mall Una. ill ttaeturo St, West. Vancouver, . & STRIKES HIPERIi GEflEllL MOVEMENT Transportation Js Becoming Big Market Factor. PRICE DRIFT DOWNWARD Limited Outside Buying Conspic uous Feature in Chicago Board of Trade. BY CHARLES fc. MICHAELS. (By Chicago Tribune Leased Wire 1 CHICAGO. July 26. Tho question of transportation is, becoming a big factor in the grain market. Export business is enormous arid ia being met by liberal sales from the country. Limited offer ings early strengthened values today out the buying gave out toward the Ir.st and advances were lost on the near de liveries of wheat, which closed o to c lower, while December gained c Corn closed c to lllc lower, after mak ing a new low for December, while oats "uiaueti rlC to c higher, rye, c to c lower. Provisions were weak and finished at the bottom, with losses of 20c to 25c on lard. Hedging sales in wheat were not as iicav, eariy in the day as of late and the trading element was less disposed to press the selling side and many be- uuyers roiiowing the lead of sea board exporters, owinir tn ihA hl hni. ness Tuesday. Liverpool was d lower eariy, out snowed a fairly good tone. July closed unchanged while nther fu tures were off, to d. Late cables brought a better tone with liberal or ders. With lighter selling pressure. July moved up 3c and touched 112, which was all lost later, September was up to ana December to $1.10 or from the early low, but reacted, the close being about the low noint. Commission houses and traders sold on reports of country elevator in the southwest being filled and cars scarce. The latter condition is checking the movement. The limited outside buying was a conspicuous feature? It was a factor in the late trading, alter early buyers started to sell. Crop .news was generally lavorable except from Mis souri, where yields are below the aver age. Corn developed weakness toward the last and was under pressure from liqui dators, losing the early advance of c to c and closing around the bottom, with December the lowest of the season so far at 57c. Export business was not sogood as cash handlers generally are wdft sold ahead and the country of fered more corn on the advance. Shorts in .oats were good buyers early, bidding July up to 32 c and holding the greater part of the gain, while distant months strengthened and were not par ticularly affected br the break in other grains. Exporters were in the market but shipping business on the whole was lighter. Rye. was bought by seaboarders, who reported three cargoes sold abroad. - Fu tures were sold by cash hedgers and prices declined, the market showing a heavy tone all day.'-- STOCK SUPPLY LIMITED MARKET QUIET AT YARDS AT NORTH PORTLAND. Cattle in Slow Demand at Pre vailing Range of Quotations; Hogs and Sheep Steady. The livestock market was quiet yes terday with only a light supply available for the local trade. Of the seven loads reaching the yards four loads went through. Cattle continued easy at unchanged prices. Hogs were steady with a general top of (12 and an extreme of $12.25. The sheep and lamb market was healthy at prevailing quotations. Receipts were 29 cattle, 8 calves, 49 bogs and 1173 sheep. The day's sales were as "follows: Wt. Pricel 29 steers.. 955 6.50 0 steers. .1020 5.75 Wt. Price. 1 hog. . . 1 hog. . . , 32ft 8.50 ,. 210 12.00 2 steers. . 035 21sters.. 982 1 steer. .. 780 2 steers. . 755 5.00 1 hog. . . . 1 hog. . . 16 hogs. . . 10 hogs. .. 9 hogs. . . 6 hogs. . . 7 hogs. . . 2 sheep . . 12 sheep. . 12 hogs... 2 hogs. . . 44 hogs. .. 1 hog. . . . 34 hogs. .. 2 hogs. . . 6 hogs 2 hogs. . . 1 hog 3 hogs. . . , 220 11.75 5.00! 3.00 3.25 4.10 3.75 4.60 3.00 4.00 5.00 5.00 3.00 . 240 11.50 215 11.80 212 12.00 . 203 12.00 2 sters, l.cow. . 28 cows. .1010 128 12.00 192 12.00 145 5.00 109 6.00 150 12.00 250 11.75 188 12.25 90 11.75 118 12.00 185 12.25 215 12.25 885 1 cow .1000 2 cows. . .1025 1 cow 1150 7 COWS... 942 1 cow. ,..1020 lcow.... 760 1 cow 940 11 cows. . .1040 2 cows. . .1050 1 heifer.. 780 2 heifers 695 3 heifers 460 1 calf 150 2 bulls. ..1125 1 bull 1400 2 bulls 1000 3 bulls. . .1620 2 bulls. ..1325 4.001 3.00 5.00 5.00 4.00 115 11.75 170 12.00 190 12.00 245 11.75 3.75 3.25 6.00 '2 hogs. . . 3.00(11 cows 1052 3.40 3.00 3.25 141 lambs. 73 10.15 38 lambs. . 86 lambs. . 18 lambs. . 2 lambs. . 72 10.15 71 10.15 3.50 74 10.15 80 10.00 2 stags.. 720 2.25 19 hoes.. 217 11.501 Prices quoted at the Portland Union stockyards were as follows: Choice steers $ 7. 50 8.00 Medium to good steers...... 6.50g 7.50 Common to fair steers 4.00 C.75 Choice cows and heifers 5.00(a) 5.50 Medium to good cows, heifers 4.50 5.00 Fair to medium cows, heifers 3.50$i) 4.50 Common cows -. 3.00 3.50 Canners . l.r.OO 3.00 Bulls 3.00(S 3.50 Choice dairy calves 7.50 8.00 Prime light calves 7.00(g) 7.50 Medium to light calves 6.00 7.00 Heavy calves 4.00 6.00 iiosB Prime light 11.5012.00 Smooth heavy, 200 to 300 lbs. 10.5011.00 Smooth heavy, 300 lbs. up.. 9.0010.50 Rough heavy 8.0010.00 Fat pigs H.50fi12.00 STEAMSHIP Senator Sails from Municipal Dock No. 2 Wednesday, Aug. 2, 10 A. M. Every Wednesday thereafter for SAN FRANCISCO I.OS ANGELES SAN DIEGO ' MEALS AND BERTH INCLUDED ' ROUND TRIP EXCURSION FARES SAN FRANCISCO $50.00 LOS ANGELES ...,..$74.00 SAN DIEGO $81.50 TICKET OFFICE 101 THIRD ST., COK. STABK Fbone Broadway 5481 i..fjj;.:iiingiirrn ASTORIA Connections for Seaside North Beach Str.GEORGIANA Lv. Daily (except Friday) 8:30 A. M, NiffhrService Lv. Daily (except Sunday) 7:30 P. M, Fare to Astoria, i.jv one way. $3.00 Season Round Trip. . Week-end Round Trip. 92.50. Special direct connections by all boats for seaside ana north. 1 Beach Points. Alder-St. Dock. Broadway 0344. Tbe Barklma Transportation C Feeder pigs 11.60012.00 Stags, subject to dockage... 5.00 8.00 Sheen East of mountain lambs.... 10.0011.00 Choice valley lambs 9.00 10.00 Medium valley lambs 8.00 9.00 Common valley lambs 6.00 8.00 Cull lambs 5.00 6.00 Light yearlings 7 6.50 7.50. Heavy yearlings 5.50 6.50 Light wethers 5.50 6.50 Heavy wethers 5.00 5.50 Ewes 2.00 5.00 . Chicago Livestock Market. CHICAGO. July 26. (United States Bureau of Agricultural Economics.) Cattle, 9000: market slow: beef steers steady to strong; flhp matured steers $10.50, yearlings $10.40, bulk beef steers S8.6010, veal calves opening low; eariy sales strong to 25c higher; other classes generally steady; butcher cows and belt ers mostly $57.25; canners and cutters largely S3 3.75; bologna bulls arouna $.4.654.75; few $4.85: best vealers Lo packers $9. 75 10. liogs, 22,000; market fairly mostly u to 25c lower than Tuesday's average, or 25 to 40c. lower than the best time; top $10.65; bulk $8.2510.60; pigs slow. packers mostly $88.50: heavyweight t.8010.25: medium $10.1510.60; light S10.5510.65; light light $10.35 10.6(1; packing sows, smooth, $8.158.75; pack ing sows, rough, $7.608.20; killing pigs. $9.7510.50. Sheen 14,000: natives opening steady to strong, spots higher; top native lambs siz.75; to city butchers, earty pacKer top - $12.35; some bid $12.30, closely sorted; westerns late arriving, no early slaes: heavy feeder lambs late Tuesday $11.00; desirable 62-pound - breeders siz; best handy fat native ewes $7; heavies downward to $3. Kansas City Livestock Market.- KANSAS CITY. Mo.. July 26.-fUnked States Bureau of Agricultural Economics.) Cattle, 12,o00; calves steady to 5uc hieher: bulk best vealers 59, canners and cutters fairly steady, mostly $2.503.50; all other classes dull and uneven; gen erally weak to 25c lower; spots off more on steers : best steers bid $9. t o : early sales mostly $6.859.25; most cows$46; prime yearling heifers S9.15: bulk bulls $3.75 5. Hogs 9O0O; open slow, later trading fairly active to both packers and ship pers 25 33c lower; lighter weights de clining most, one load sorted 170-pound weights $10.20; bulk 150 to 233 pounds $1010.1O; bulk $.2510.10: packer top $10.05; top $10.20; choice 260300 pounds weights $0.50 10; to shippers, sows mostly, $7.75&8: stock pigs steady; top $10.05. Sheen 3000: killing classes fairly steady; top native Iambs $12.25; better grades $1212.25; others $911; cull3 around $7; best ewes mostly $6.507; top $7.10. Omaha Livestock Market. OMAHA, July 26. (United States Bu reau of Agricultural Economics. ) Hogs, 10,500 : 25 (ft) 40c lower; lights off most : bulk mixed and packing grades $5.50 8.50; top $10. Cattle 5200; good and choice rea steers and she stock mostly steady, 1150- pound steers $10 35: yearlings 59.50: com mon and medium steers steady; top $9.50; stockers and feeders dull, $l.a02.50 lower. Sheep 9000; lambs 15 to 25c higher; early top $12.25; some westerns held higher; sheep strong; ewe $6.75; feeders 25c higher; $12 paid for feeding lambs. San Francisco Livestock Market. SAN FRANCISCO, July 26. Steers No. 1, $(i.507; No. 2. $5.256.25; cows and heifers. No. 1. $4.50(3)4.75: No. 2, $44.50; bulls and stags, $23; light calves, $859; heavy, $o7. Sheep Wethers, $6.507; ewes, $34; lambs, $10.5011.50. Hogs 125 to '200 pounds, $12.50; 200 to 250 pounds, $11.50; 250 to 300 pounds, $10.50. Seattle Livestock Market. SEATTLE. July 26. Hogs higher; re ceipts none. Prime $12 12.40; smooth heavies $1011.50; rough heavies $68; pigs $U12. Cattle higher; receipts 58; prime steers $7.50 8; medium to choice $7 7.50; common to good $56; best cows and heifers $5.506; medium- to choice $55.50; common to good $35; can ners $l(fi)2; light calves . $78; heavy calves $45; bulls $34. Oregon Banking and Bond News. Farmers around MeMinnville are In the midst of harvesting their fall, wheat, said E. C. Apperson, president of the MeMinnville National bank, who called upon officials of the United States Na tional bank yesterday.- '(The acreage for fall wheat is normal and the crop is good," he said, "but spring wheat will fall far short of an average yield. The farmers are not making a great deal of money, but in spite of this conditions in MeMinnville are good and money seems to be plentiful." The wheat crop in the Palouse country will be about 30 per cent short this sea son, according to Hawkin Melgard, pres ident of th First Trust & Savings bank of Moscow, Idaho, who Is in Portland. Moscow is located in one of the best wheat sections in the- entire northwest. The long period of dry weather and un favorable conditions have had a detri-. mental effect upon crops and the farm ers are suffering as a result. Conditions In the wheat-growing dis tricts of Canada are better than they have been for some time. Crops are be ing made ready for the harvest and the prospects for good yields are fair. These are the statements of L. M. Roberts, Canadian! representative of G. E. Miller & Co., who is here for a few days visit ing the home office. John Thornburgh, president of the First National bank of Forest Grove. drove into Portland yesterday and made one of his weekly calls on local bankers. Elmer Patrick, an employe of the First Natrona! bank of Corvallis, was in town CUNARD ANCHOR 4NCHOR- DOKALDSOU N. T. to Cherbonrr and Sn.if tinm r.(nn BERENUARIA ..Auc. 8 Anir. 2!) Kn. IB HAI'KETAMIA ..Aug. 15 Sep. S Hep. 6 AQU1TANIA Ang.fi Sep. 13 Oct. 3 N. X. to Plymouth. Cherbourg and llamburp- OAROMA Aug. 31 Oft. 5 Not. 1 SAXON1A Sep. 9 Oct. 14 N. Y. to Corlt (Queenstown) & Liverpool. CARMANIA Aug. 17 Sep. 14 Oct. 13 SCYTHIA (new) Aug. 81 Sep. 28 Oct. 26 LACONIA (new) Sep. 7 Oct. 5 N. T. to Inradonderry and Glasgow. ASSYRIA Aug. 11 Oct. 21 COLUMBIA ......Aug. 19 Sep. 18 Oct. 14 ALGERIA Aug. 25 Sen. 23 . ... CITY OF LONDON Sep. 2-. CAMEBUMA (new) Sep. V Oct. 7 Nov. 4 New York to Vigo, Gibraltar, Naples, I'atxas, Dubrovnik, Trieste. ITALIA Aug. 12 Boston to Londonderry and Liverpool. ELY 81 A Aug. 8 ASSYRIA Sep. 15 Stops at Glasgow. Boston to Queenstown' and Liverpool. SAMARIA (new) .Aug. 23 Sep. 20 Oct. 18 , CANADIAN SERVICE Via Picturesque fit. Lawrence Route, Montreal to Glasgow. SATtJRNIA.... Aug. 11 Sep. 8 Oct. 6 CASSANDRA .. .Aug. 31 Sep. 29 Oct. 27 Also calls at Moville, Ireland. Montreal to Liverpool. ALBANIA Aug. 19 Sept.23 Oct. 21 TYRRHENIA (new) ....Sept. 2 Bcpt.30 Oct. 28 Al'SONIA Sept. 16 Oct. 14 Nov. 11 Montreal to Plymouth, Cherbourg and London. ANTONIA (new). Aug. 5 Sept. 9 Oct. 12 ANDANIA Aug. 28 Sept.28 Nov. 4 For Information, tickets, etc., apply to Local Agents or Company's Office, 621 Second Ave., Seattle. Fhone iBlliott 1632. SCANDINAVIAN 4, 'AMERICAN DENMARK. NOR WAY, SWEDEN, I GERMANY and BALTIC STATES Frederik VIII Aug. 1 Oscar II Aug. 10 United States Aug. 24 HeUig 01av..Aug. 31 Frederik VIII Sep 12 Oscar II Sep 21 United States Oct 5 HeUig Olav. . .Oct 12 Large, Fast. Steady. Comfortable Steam ers, Spacious State rooms ana Prome nade Decks. fTeaerik V ill. Oct 24 Unexcelled Cuisine. Daily Concerts. For Passenger Rates: 105 3d St.. Portland. HAWAII From Seattle The popular S. S. "LURLINE" (13,000 tons) sails tor Honolulu and Hawaiian porta July 22, August 26, September 30. Cabin Rates $90 and $100. For information or reservations apply MATSON NAVIGATION CO. Seattle (and All Authorized Tioket Agents). Kansas City Power and Light Company FIRST PREFERRED STOCK 1. Pays cumulative dividends of $7.00 per share in quarterly payments, exempt from, the Normal Federal Income Tax. 2. Preferred as to assets to $100 per share and dividends. 3. No .par value. Fully paid and non-assessable. Redeemable only at $115 per share. 4. Net value of properties equal to $180 per share. 5. Net earnings available for dividends, FOUR times requirements before depreciation and nearly THREE times after depreciation, 6. To be listed on New York and Chicago Stock Exchanges. 7. - Can be purchased from us at $93.50 per share and accrued dividend which yields lYi per cent. Descriptive circular on request. Blyth. Witter. & Co. Fourth and Stark, Portland Broadway 6481 yesterday, transacting business for his financial institution. ' Herbert Fleischhaker, president of the Anglo & London-Paris National bank of .San Franriscn and also president of the Favorite ' ' SummerTstFares . To Canadian Pacific Rockies ! IwTO " " On sale unUl September 30th. 1922. l ! Return limit October 31st. 1922. II j J IlSlll Round -trip from Portland to 11! II If f KE LOUISE. 55 . I ll'ljj l - BANFF, CALGARY J 00 . plf. "BACK EAST" EXCURSION FARES on sale until I I'&Sf August 31sc return limit. October 31st. 1922 j liflpfclft il ROUND-TRIP FARES FROM PORTLAND TO !i tliiv Toronto ..i,. $113.75 Montreal .., $132.75 I! sfllllil' Ottawa ..... 127.95 Quebec. .... 141.80 II j 1 Ml , St John ... . . 160.30 Halifax 166.95 j ll'l Winnipeg... 72.00 Chicago.... 86.00 i '! Pll St Louis.... 81.50 Washington- .141.60 Ji I'lHIJK Cleveland ... 108.60 Buffalo...'. 120.65 M tllllffW New York... 147.40 Boston.. . 158.35 L HM P Hli Minneapolis and St Paul ..... $72.00 In I fiflfCTRANS-CANADA" LIMITED leaves Vancouver. B.C daily at il j PMl lllf! 3.-00 p. m arrives m Montreal In 92 hours. Toronto I .M. W. H-W m hours Saves a business day esch way. Ijj J IfaPPrvl Canadian Pacific Railway j lBf 55 Third St. PORTLAND Broadway 0090 I j ill (12,000 tons displacement) ot "J. P. L." line WILL SAIL FROM PORTLAND FOR Yokohama, Kobe, Shanghai, Hongkong and Batavia, Java ON OR ABOUT AUGUST 3, 1922 First-class to Japan, $226; Hongkong or Shanghai, $293; Ba tavia, Java, ?360. Large roomy cabins and excellent cuisine. Apply to General S. S. Corpn., Railway Exchange, Portland. Colman Bldg., Seattle. AroimdL the "Wrlfi Our Qolden Jubilee Cruise ntatfciog the 50th year since Thomas Cook, the foonder of oar organization, coodocted bis fust loor aroood the world Smiting Eastward frorovNcw York, Jan. 24 Returning May 311923 . by tbe specially chartered new CUNARD Laoer "SAMARIA" A gof geoot itinerary with visits at Mediterranean Pom Egypt, etc font weeks in British India, Dutch East Indies, Straits Settlements Saigon, Manila, Cbioa two weeks in Japan, etc 30,000 miles- 127 days. A Caatanr dm Lttxe Limited to 400 Quests Pew krfocmartoo on teaeVst THOS. COOK b SON T28 Sorter Street, SAN FRANCISCO, California or Load Steamship Agems U.S.S.B. SS. Hannawa Aug. Shanghai, Manila and Hongkong C.S.S.B. SS. Hannawa.... Aug. . S3. WEST KEATS...... Sept For rates, epace, etc, apply to 'v TRAFFIC DEPARTMENT (Broadwsj 6360) 600-622 Board of Trade Bids;., Portland, Oregoa, Northwestern Electric company, ia in Portland. . A. C. Shute. president of the Shut Savings bank of Hillsboro, was a visitor in Portland yestfrriHy. Steamer iLEBOET North China Line COLUMBIA PACIFIC SHIPPING COMPANY Operating United States Government Ships DIRECT FREIGHT SERVICE WITHOUT TRANSHIPMENT BETWEEN . , PORTLAND, OREGON and YOKOHAMA, KOBE, SHANGHAI, TSINGTAO, TIENTSIN (TAKC BAR), U.S.S.B. SS. West Keats. .Sept. 6