Morning Oregonian. (Portland, Or.) 1861-1937, August 05, 1922, Image 21

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Morning Oregonian., August 05, 1922, Page 21, Image 21

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Newspaper Page TextTHE 3IORXIXG OREGOXIAX, SATURDAY, AUGUST 5, 1922 21 BULLISH VIEWS LIFT WHEAT QUOTATIDNS Free Buying of Futures Seen on Market. Is CORN PRICES SHOW GAIN Chicago Find It Hard to Get Cratn to Sri I Brcau of Outside Bidding:. BT CHARl.ES t. MICH A St-. CBy Chtcmvo Tribune Lae4 Wirt ) CHICAGO. Auf. 4 Rulilh view on tb btl aJtoatloa. iprMfJ by trad ldr. with frt burins of futures by cash Interest an3 short l!fte4 Tatars tarply. September was in the ld. Th cioaa wu m Q2 cents higher. Corn a4ae4 V 1 , oata H It S and IT 24. (ha action of wasat blnc the Bsaln factor. At no tlrna war wheat prices aa low as tha fln sh of tha previous day. An varaold condition was disclosed when buy in orders appearWI at the start. Hd(f on around "I'i.OOO bushels wero remove her aatnst antra to exporters and tha seaboard alo bought quits freely, whU I hers waa rorwlderable buyinc by a comm salon bousa attrib uted to short covering: for a local pro fessional. Of fr rincs Not I .arte. Offerings wers not larr except from a house presumably liquidating a line for eastern arvount. Tho csr shortage is irowsng worse. Outline markets ir utbtddtnc Chtcaco In the country, with tha rasutt that local handlers are f ;nd in It difficult to i grain o aei:. Krenh axporr ouaineaa at in ftboard waa I ttd. Iocal arrivals were MJ cars, with premluma firm early and at t he ciop. No. 1 hard seihnc down to A cents vr September, compared with cover at tha outstde. Cora Buyers to Front. Strength In wheat snd a few reports af cmp deterioration n rrts of South Iskota and Minnesota I'd to local trsd ars" taking tha buying; aide of corn. Out aide tntereat. however. Is small. The mi-k waa rather easily influenced. Cah demand rood and premium on a pot f.rmr. Kxportra took so.OOO bushels here and t hre were It oral CCrtrs reported. Receipts. 145 cars. Oat a htd within a rang of S cents nd closed about the top with moderate ah-rt covering; and a Utile buying by cah Imoreats. Sample values were easy compared "with futures, with No. 3 white around September price. Receipts. 131 cars. MuiMn with aeaboard connections were f.ir huyers of rye, while the selling wi tbr the north wet. No. 2 on tracks sold at .UtrS cents over September. TCKH AT NEW" HIGH RECORDS 8erenteesj Ijmmi- !! I at Maximum Quo tatUa la Dull Marke. Pr Ch -o Tribune Ueawed Wire NKW 1'OliK. Aug. 4 !vnin tn dtv.dual rorki established n w high records fr the year to date in today's dull marVei They follow : Adams Kx American Ice prefTTed. Atlantic t oat I-tne. American UrYirre K.re Kn ;n QTrtrrti. Bmokiyn Kdison. Corn Iroduc'ii. Cuban Amr.tan tugar. Mat h lnson Aikali. North American. Tere Mar quette, I'aciflc Telephone ar Tei graph. Hand Mines, Pears Koebuck. Ke no.; Tobacco common and preferred. Wet em t'nion and Wool worth, Tha list rep- , reaenta I- industries. Tha atoclt of tha Mexican Seaboard Oti company mas a queer acter on the tape tcday. After opeomg at tt moved tip to 24S. dropped back to -2. rin rose to and ended tha d-y at -S at which price it record d a loes of -S f a point. Tha d. roc-tors annnuo-ed after the market cloacd that the i-cent regular dividend waa declared, payable qa,rt eriy. Weatern t'nion made another new high pTco for the year today when it crossed 11. a fifure which la aio a high or a' time. Tha activity wma attributed In many quarters to the report that an in crease m tb present 7 per cent dividend rate would be voted by the d:rectora soon, although officials hare declined to comment on the matter. Tha stock, to aUy rloaed at 111';?, a net advance for the day of ln. Another Jump ef more than three points In Adama Kxpreaa today, making an advance of some six points In tt past two days, waa fuel for a recurrence of the recent rumor regwrding; resump tion of a dividend. Tixm stock ratnrd 1S pointa, cloa.ng at 72. do 7s do "-js , Readtr.E gen 4s H A L, 4s , do is 1. do A So u Ky con 5a ........ h Fac cv 4s do ref 4s do mt term 4s do conv ," S; l- a ti y p L. 4s A. . do gen Zm tJu P L. &s B do gen ti . , do adj ba do inc As do lt : do ran 4s do 1st 4s , Tex F'ac 11 As , I n Pac 1st 4a do CV 4 do ref 4S do s I'n Tank 7a Vabn lt fa do - J As . . . . V et imr IVs , Induetnaia Allied Parkers 6s .... Am Art Ch 7 S s Am m jNt a A?n Tob 7 Anaconda OS A ...... do s B Armour cv is ....... do 4H Beaver Iioard 8s Be'h 8tee 7s ........ tio eq 7s do ref Orro da I'co h . . . . Chi: conv tls A ...... CV iie cn v 7a ........ "ol Oraph H Copper tip Ss ....... lo do . .-. o o V A 1 ren As ... Cio gnd Cuhn Amn .u( S ... Oiban Cane cv 7s .... riMiI!er iec cv .Va ... Iim Mirh 7 V. .... Iniikont 7a Ktnpn Uij Fuel oa . . K;h. s Ot; n Kiec deb As ..... do t .............. Ooodrih 7e .......... fioodyear es .......... HfiPX S Hrhey 7s . . 1:1 ftcel deb 4s ..... Ind t-el a , Int Agr As , Int Marine CT ha ..... Kei;y-jtprlng(tCk!d M .. Kennerott 7s , Urk fteel ."S M, d lf.t As , I. II. by 1 N a: U 7s ... Ijc at Myera Aa do 7s Lonilard As do 7s MiuvaSa As Morrt A- Co 'U ..... Proc A Gml! 7 Hepubhc I A St Aa .... mTB Koebuck 7s ...... do 7 Pre- A Tube 7s 2w ft & Co. 7s do 7 1 t'nited Drug ea U 6 Rub 1st ref 6s do 7 Ha V & Steel mt os Va t'hem As Va "ar O'm ?S W estern Kiec As West V T col Tr As Went I'nton 6Si ....... Wilson 1st 6 do CV H , We Kiec 7S Went 'ngtiouje lt Pun! tc I"i ilit ie Am 1.1 A Tr a Aru Tel co!l 4s do coll An tin rt Be,' T1 of Pa 7s B R T As ai Cs unl 5b tiep service 7s B City Servire 7s C do ii U "on xiitn cv 7s , 1!30 l'-7 1.K 1H4 li4A , 1H4 li'-'M IIIIM llfAo VJA4 inai p. y . . . 1!H1 p;.a n.o l'A2 10V 1 HIGH-GRADE MILS M .. U' I' i) .. 11-47 . . 11.1'T . . iOH .. 1 !:. . . 1.1U . . f.'X I . . Illt .. lJil .. 1 !::! .. ISM I . . 1 M 7 . . lif-M . . !-! . . !!- . . !.' . . I .!:!. . . . . 1 -.: .. iti .. 1911 . . . . .. 1 . . i '.'-:! . . !- . . 1 J.". , . . . 1M , . 1U , . 1!'1' , . 1H.-7 ,. 111.13 .. li'.st .. I!-'4 .. IV II . 1:.J . I'.M'l . 1 -". . 1 '4 1 . 1M.HI . 1 ..: . lr'l . no a . ll'.W . 1M1 . J::;l . 1!:W . i;. i . l:.o . i:.ir . l:..l" . 1M . li'.'.i . i:i4 . !:.; . tK'lo . I'.'l . 1VMH . la 2." . 1U.-3 . 1!M . m .'. . l!'3t . 1'Ml . 17 . 130 . 11'3 . r.'sa . 1922 . U . 1:.1H . 141 . li. . 131 . lfll'S . l!-'i . 1IM . 1!2. . llM". . 104.1 . 137 . HWH . l!hrt Int Mt 4S 1M ir.l n r rr ft. I ' r i '. e 7. ........ Mini f"w.r J A NprthwpM T. 7 ...... Prlf.- Tl A. I'.ClfiC MM i. ......... Souihwsi Ti 7i Ancio Amn ....... Al-.ntlr rf Uan M Oil 7. liu f Ii 7 f ! U M. b 7n f'mn Amn 7n Mi IVt CT 8s Th. rvc.nt adranc. in th. liberty tMnttm ha. crnl the majority of th.m to . potnt ihrt th. yt.id t. th. in .!ftf ar tx low til. 4 pr rent mark. Of th. nln. activ. Iwmw. fw. ar. Inc at pric. which yield b low tile 4 pr cnt ourk and four above. It was reported la the financial res trict t-dy that a. tetc. of fitiMuc-nv un der conaOrmUnn for the . York mar ket ts mn Issue of at pproxi.lvateiy 14.rxvo.1ta m bomis for !ne American Kothna Mliis company of Cincinnati. An Issue of between .i.'NMVHtn and $7.ftx).0n In preferred stock for th. same corpora boo was sold iire evi ral months c Financial circle. howe1 . llrely In terest today in th. condition of fretcht movement on some of the l'inc wesi .rn raiiruads dunnir July. whi rt is s:nr. th. teiiintnc of th. shopmen's strike, th. orth. -stern reported July ioart levs of lKull. an increase of 4i.k4 ever the same montn of li-l: the lntnnls Central', loadmra Increaeed 1A 4 pr rent to lrt,4'l cars: Atchim's traitic for th. month was l.t:.4ii cars as as-alnst lli'.y.'S a year ai. and the flur- linn ton reported Increases of 9 per cent to 147.4 citra. New lark K.n.1. Furnl'he.1 by the Jordan Wentworlh company of r'ortiand: ttaiiroaii bonds Atchison snvraj 4s .... A C 1- 4s do s B l ld 4s do con 4Sa cr ...... d- ref s Cans. la Southern Sm ... Canadian Nor H d' 7s Centra: Paclfio 1st 4s .. Ch' A Oh.o CV 4-, .. do ffen 4'3s do cv i ............. do con i C B A sr Hi I:V 4s C A Went ln.1 4s C i. A V 4s C M A at I' 4s do cv 4Sa ........... no d-b 4s ........... do t n 4s A do c v As ............. do fir 4's A ........ Cfcro .S W af it no en 4s ............ do 81 do 7j C K I A P ret 4s Co'o ou rf ex 4 Colo Sou 4s Xe. A Hudson cv As... tlo 7s DA R U ev 4 do ref &a Er e PI, 4s do con 4s A do B do I do pa Cn 4s Crand Trunk en Sa.... Ot Nor - do 7s ................ do lis ................ do 7s j:j Cen ref 4. K C Sou ref As Keo A les JI let is . ... I. A M 8 4s L. A .V 7s do sen As d unl 4s M St P A H S M V,s... M K A T 4s M P -n 4a do ref 5s K T C deb 4s do con 4s do ref imp 44s ...... do cr d"b tes do coil 7s N T N H A H rv lis . N T-i A ilea im N P P L. 4s N P Am N" P m Nor jt It'.a ..... O S L. r-f 4s Penna (Si do cen 4S .......... 6o sa A. Cil 7s I O N V .7s T.iiae. i'o 7s T ilesrater Oil 6'.a. s-uum I'll is P'r--.(rn lioernment Bond Argentine 2d 7s- i . .i l-.ei.um as . Peitf,.0 M Berne Ha I'openhas-en S Iienleh t'nn-ol ls ........ Krench Cities Bs Itsiy S A Swedish viovt 6s V S ilex 4s do eM .".s t'ruirusy Kxl . ......... Krrnrh Int-rnai 4s ...... Vk-t.'ry ;.s H-Tln Hetorattnn 5s... Itr.l.fh 2'-' consols liar i'uim War Lusiu I'urb bon'ls Am Tel at Tel Hs tlo Anecondax Copper 6 ..... d. 7s Anrlo-Am oil Tit. ..... Armour Co 7s Bln .steel 7s Copper t.x Asan ha it Ua.en Siir.al OU 7a.... Humb. I... 7s Inter Kap.d Tran 7s Ubby l N A l.ib 7, Sears Roe 7s 3-yr ....... So West T-I 7s Htsnd oil N V Sa do 7s Swift A Co 7s do Vacuum Oil 7s Ill-id 1!3) 1:m.1 11 in.t7 MM 2 llli ir?5 I'All l:ii 11133 l l:i.m l:ti ' 111.".! If. tl 1K.H li'3 P'tl 193d ir2s I'M . 1'IW . l'M. . 1!MS . PM4 . I'M . P"34 9 131 . P. .4 . 1!M5 '. inti . lHJU 64 H M7S Itllil h5 if as 7S va s "7 Hi3'- 1 . 73 S i i ' 7S V6 MS S I"4 's 1U3S nil's miS Mis 64 llM . Ha 1"-H lill iii:i, 1H4 s po s io. Ifi.tS 1-1 ht ii:i 10.-.S .:4S 1..7S i o-: . I'M ii 7SS lO'lls ill 44', in BfTS Ml 4 1"S Ml 1D7S 103 1 Id's 1 04 's Jii.S . !H s Ml 1 - 1IHI Is otlS Kill. " !S 11 !: 11S rl)i. Ifiji 1014. l.l loot, Ml s l"OS MU M3 IMS in?:, 14V ltlrt loss lOV. II II l.lll - s 1071s 10S t2 IIS 17 H2 Ii s l-'li 1S 1 1J2S 12S !l 1, 11 s !7, 107-, 7S 104 V, 103 M3S ll'SVs I'M l"0i B'l IMS 1 04 Ml. i, loin, 1"! M3 S 10J 10014 iSS ins l"1i' 113', f ? !..;, I'M'. 4d llll 71 ; SI - :, 71 IXDUSTRIAIi BONDS ALSO IX DEMAND AT NEW YORK. Liberty Issues Ease Slightly; For eign Loans Continue to Re. cover From Depression. , NEW YORK. Auc. 4- Tradlnic In hlth crade rail and Industrial securities, which were la good demand at moderately hither prices, featured the dull trading In today's bond market. Recovery of Brazil 7a and 8a. which were np ,S to 2 points, waa the out standing development In the dealings In the foreign group, the other Issues of which held relatively firm. Ubefty Is sue, eased slightly. Sugar bonds wer. th. center of In terest In the Industrial list. Cuba Can. Sr. American Sugar ft. and Punta AUegra 7s moving to new high ground. Missouri. Kansas A Texas adjustment bonds were active In the flnsl dealings. touching a new top at M. Other strong spots In the rail group were the North ern Pacific Ss and As. Great Northern ItjS. Texas A Pacific first 4a. Grand Trunk 6s and Chicago A Alton Ss. Total sales, par value, approximated !2.!1.000. There wer. no new offerings of Jiny Importance. On a light turnover, the stock market strengthened gradually from its early uncertainty, final pricea In a number of cases being practically at the day's high est levels. Gilt-edged Issues, especially rails, wer. taken at concession, and there was evidence of good aupport and ab sorption for special purposes In some of th. specialties, notably merchandising shares. . There was not much in the day's news to encourage any change of sentiment on the part of tradersi .Week-end review of business authorities Indicated a hesitant attitude on the part of buyers in the pr'nclpal centers. Mexican Petroleum. which opened slightly higher after closing yesterday at a net gain of pointa. fluctuated with in a 4-point radius today, canceling all Us gain in the final hour on heavy week end profit-taking. Other oils were Ir regular, showing only nominal changes. 1 ruclhle. steel, with a gain of IS points, led the moderate advance In srtee! shares, which was attributed in part to resumption or heavy railroad buying. Equipment issue, followed In their wake. American locomotive and Baldwin mak ing appreciable gains. - Merchsnriislng and express shares again fumiFhed the strong spots of the mar ket. Woolworth. Alalllnxon and Adams Express touching new tops for the year. Western Cnion advanced to 111S. up more than 13 points'ln two weeks and at th. hlxhest price since lftiK. its Meady absorption during the past few days l aaserlbed to expectation of favorable dividend action next month. Motors, rubbers and coppers were In clined to weakness, although most losses were of a fractional nature. Sugars opened firm, but closed at slight re cessions Total sales were approximate y ssn.ono shares. Foreign exchange showed an Improve tone, demand sterling advancing S of pot. with a sympathetic trend In th continental remittances. German mark were quoted at 13T, cents a hundred or s cent above yesterday, market figures. Call money opened and renewed at per cent, but eased off to 8S and thence to 3. where it closed. The time money market waa active, with a fairly good demand. CLOSING STOCK QUOTATIONS. Furnished by the Overbeck A Cooke company of Portland: .Sales. High. T-ow. Bid May Stores .... Sl Pt iliami . , Middle states Ol Mldvale eiteel.. M K A T Wi... do pfd Mont Power ... Mont Ward .... Mo Pac . 200 121S 120 39,au0 177S 174 174 l'S L 2.3110 12S 12S 12S . I,e00 34 S 3S 34 7iM) 18 18 18 500 42 41 41S 300 73 73 ?2 11,300 2oS 2214 2:1 S 300 22 - 22V, 22 1,100 .'i7 Go i.'i's 6rt 1.900 39 38 H 33 S M St P A S S M .varland Oil . . . Martin A Perry. Nnt Enamel . . .. Nat Lead Nevada Con .... 200 IT New Haven 3.0IW) SIS Norfolk A W.... 3"0 116V, 113 113i Nor pac 1,600 IBS 7 J is Nova Scotia Stl 31 N Y Central 1,000 Nor Amn 4,600 Okla Prod ref... 300 Ontario silver. 100 35 07 S 7i IB'. 3 1 Otis 70S 2S .1.3 IOO 16 31 Ontario AW... Otis Steel Paclf 10 lev . . . Pac Gas A Elec. Punta A'.egre. .. Pacific Oil Pan Amn Pet., do B Penna Peo G-as 800 . 4.S00 "knn . 5.300 .2.-..100 .13.500 . 2.4O0 10O Per. Marquette.. 8,000 Pure Oil Phillips Pete .. Pierce Arrow ... Pierce Oil Pitts Coal Pitts A West Vl Penn Sea Steel.. 8,500 10 40O IOO 2.100 2.500 Pressed Steel Car 11 TS 'r.2s ss 7i; S 71 S 4il MS 35 S :io 44S ms 7S 4S 41 S 7S 11 51 " 54 S 74S 68 4'i 88 ' 34S 2S 43 S IO S TS IMS 40ii 6 oo 121 S HI 1S THS 37 S 32 S 72 S 02S SS 53 S 1S .-.OS 32 71 S PIS SS 53 97 2S 7 25 S 1 1 7 70 51 54 S 1 70 54SS S6S R5S .io 44 10 7S 4S 41 6 o I 121 IMS S 37 32 S 'IS BIS 5S 3 Puilman Ry Cons 200 Heading l.OOO Remington .... 2. ,000 Replogle Steei. . . liOO Republic I A 6.. 1.200 do Pfd 400 Rep Motors .... oo Roval Tutch Oil 1.200 Ry Steel Spg 100 10S 10SS 107S Stand Oil Kan OS S .'S Sears Roebuck.. 1.400 82 81S Kl Shattuck. Aril 10 Shell TAT 3T Sinclair 42.500 SI 30S fns Stand Oil Ind HIS Jons J10Vs in 10-n i " 1 47 1.700 01s 0S OtS 2. IOO 2SV 2SS 25 S Stand Oil Cal... 4.7o ls loss i"S"i St L. A S F- 600 30 20 S 20 Stromberg Car . 44 Studnbaker 17.600 ISlli 120S 131 101 S IOI S 11S 200 10S 10S !0S . S.700 soo 700 . 1.100 . 1.200 . 1.200 do V J PI osa Shef Sou Pacific Sou Ry .. 47 S 30 s 25 54 S 14 20S 1.700 143S 142S K2S 100 38 S 38S 3"S b 1.1O0 8S 7S 8 4O0 149S 147S 147S if 10O 35 35 34 S 03 2S SS 37 S 12S 37 S 11 1022 14 103.-. 104 IK J.. 1923 io.ii 1 '. 1024 1H31 100S 3S 1 .-2 11 1 I '. ui 11,; 1 M- S 1 pi.l.t J..', " 1(2 l.'.l is 144 111 1U4II 112 ism l'i;lu k;i !- 's 1 ; o:. iB IM3I l.i.- P'l 03 P.-.2 7i, 1.1 ho-s 1 '.'-"V 1032 7D, lv.14 6 , 7a s 2-.lt 7.V, 21114 1.I.-J s, Pn7 s, l'lt IMS 1.4 H7 , P.14 s.- i 103. Ml J lH.tl i 1, I 10.1.1 Iih l'.i.ll IBIS M il 77 S 1-..V. 4.1s l"'"l B7-, 1 :'.V.t 52 s P...VI 52 lii.13 5 1051 as lo.id liMis P;l 1 -i s 11. 11 II I, 1 Ills PMO 1I1S l'l.'i MIS l'l'.ll S!is 10.3 1I.IS l31 IMIS I i.l.l K1S PMil lo-S 1 !M- u; 104 III', loon S4 i;.i l".'t loo lo4 01S loos lS S -"it ;s lots M I'.tu iu;s 104 H S 10 35 7 2 Ii7 I'S 21M1 IiinSj 1OJ lui', I!.-- 03 , 10:11 lli-l -. I o-.:. mi, Ijvs lul , 3li 100s 101 s ltnis mas 1"3S I'M 1"3 S M2-, MIS HI." ions 07 00 S 101 s HMS 1 "0 s B S 102 los B)7S lorelxa Exchange. Foreign exi-hange rates at the close of husine.xs yeierua. furnished by North st. rn National bank of l'ort.and Th amount guo:d Is the equivalent of the iwit.s:i unit in Lnnea btatea lundar Rate. . . .$ .iiiimii . .. .l7.'id ... .miT.'.O . .. .O2540 ... .21'i'i) . .. 4.4tv."ilMI ... .ii2ly . .. .022111 ... .mil ... .nil' . .. .3-7iil . .Oilii-ii . .. .IM.HO . .0.1.1.10 ... .IT.'-.O . .. .OTii.11 . .. .IhiviJ 1 ountry. I'rtlt. Au.tr... krnr.in .......J Bi .giunt. franc. Bu ser-lrf, lea '"'ho-siovskla. kronen ........ I'enmsrk. kroner K'ngani. pound sterling 1 in.and, fininark Pran.-e. frsn.-s 'l-rmtny. marks ....V '.rece. drai-hmaa .............. IM; and. g-.iHd.-rs ............... Bungarv. kronen " lta.y. f;re Jugo-Siav.a. kronen ..-ria-. kroner I t-nuK.l. rs.-udos I.eumaDia. lei .-rii.s, ilinsra Spsln. pe.etss Sadden, kroner...' ...II w t:xer:anil. franrs !!!! iMuna Hongkong, local currency Klmngnal. ta.is Jpan. yen Stock- Adams Express.. 6.10O 72 GSS ininrf num.. do pfd Agr Chem .... AJ.4X Rubber... Alaska Gold!... sKa Juneau. Allied Chem AlHs-Chaimers. . do pf.l m Beet Sugar m Bosch .... m Can Co. do pfd m Car A F... do pfd m Cot Oil do pfd Am Prug Synd. Am Hide A L. do pfd Am lie 3. 0OO 113S 112 Am Inti Corp... 2.01m 40S 30S IOO 700 2.000 100 "400 loo 700 73 53 S 47S 8.1V 60 100 172 'ioo 71S 53 W 47' ' 31S 58 S 173"" 'is' " Am l,lnseed lo pf.l A m Loco do pfd Am S.tf 'Hiror. Am S A Com. Am Smelter . do pfd Am Snuff Am. Steel Fdy.. I.000 Hi 10 6.20O IOO 2.HOO soo 2, moo S" 300 .Oi 7o .l.'.Oi.O .20IM) .Ml. Ill ..v.: .7-..oo .4250 E ... X . T - . . . . Aug. .. roreign it. ci.nng.. urm. t.reat Britain, demand ft.-l,,. mni $4 4."S. o-day bn;s -,n 1- anks $4411,; Prance, demand 20c cj.os . 2'Sc; Italy, demand 4 2Sc rshies. 4 i.:c; Belgium, demand T7Sc. ibs 7 7.".c: Germany, demand 13 Sc. cablea 14c; tloliand. demand SS 2e. ca bles ,1SAc; Nora-ay. demand 17.15c; Sweden, demand. 2.10e; Denmark, de mand. 21 so,.; s. Itieratnd. demand. 10c; Spam, demand. 15 52c; Greece, demand, 2- ."-.".c; Poland, demand. .OISc: Cxecho sovak.a. drmand. 2.40c; Argentine, de nvand. 3'! 37c; Braxll. demand. 13.tt.Hr; Montreal. f. German demand ad anced to .14 Sc. cablea .14Sc, In the late dealings. Standard Oil Storks. Sindrd Oil stocks furnished by the Overbeck A Cook, company of Portland: Bid. Asked. Anglo . . . Borne Scryirr.fr itu aeve Cheesebroug h do p'tl Continental .. Crescent . . . . . Cyrr. berland . Pure a a Ga'ena com . . Ga.na old pfd do new pfd Illmoia pipe Indians Pipe Nat ,onal Transit N. t . Transit N.rthi-rn Pip. Ohio 01! IntePI Pete .. Penn Mex Prairie Oil ... ITair'e Pip. .". S.ilatWRefc ... Soath.rn Pipe Sou;h Penn oil S W Penn till 8o!n.l ...... S O Kanas . . O Kentucky SONY sown do pf ! . . . . Swsn A Pinch Vacuum Wawhinston S O Ncbras-a Iliiperiai Oil 15 10 S r 400 41.1 02 04 IOO 2' 10s 111 132 13S 33 S3 135 140 HO no 51 53 10S 112 Ml 105 I'l'l 12 " ko It 27 13 17 OH loo 272 275 20-4 ;i S3 30 370 50 25- 252 37.1 .345 S I 04 2i- 222 . . i'i r2 110s IMS 33 545 05 91 41S 422 455 4i5 Ill 118 82 85 4: 23 24 175 1-u 110 112 Dried Fruit at New Tors, NEW YORK. Aug. 4 Evaporated ap ples, f.w here. Apricot, dull, leaches, quiet. Am Siiitar do pf.1 Am Sumatra .. Am T'l A Tel.. Am Tobacco.... do "B" Am Wool . . . do pfd ....... Am v P pfd ... Am Zinc Anaconda ...... Assd Oil Atchison ....... do pfd ....... Atl Coast Line.. Atl Gulf A W I. Baldwin Loco... do pfd Balto A Ohio. do pfd Barnadei! Corp.. Beth Steel "B". B R T Butte C A Z Butte A Sup. . . . Burns Bros . . . . lOaddo Oil Caiif Packing... Calf Pet Io pf.l Canadian Pac... fen Leather. . . . Cerro d. Pasco. Con Textile ... Chandler Motor.. 2.5"0 Chgo N W... 3.600 tblo t't W rlo pfd Chill Cop I'hlno C M St P do pf.l Coco tlo I a C O Colo F A I Colo Southern Col Gaa A Elec Columbia Graph. 2oo t on Gas Cons Ciitars do pfd Contl Can 100 Cities Sc Bkra. IS 48S ill 11s s I .13 07 S 4 i 85 59 S jni 171S 122S 20 50 s 13 S t 112S no 33 S 53 110S 117S S lv mr, os 1. 134 3SS SIS 107 2"0 40 S 40S 40 OHO 122S 122 122 "0 USS 14SS 14S'4 J.siu i.i: 144 1I41. 0O0 0S lIVS Oil S 107 S 311 .' 1 7 S 4. -no iJ i3 S "3 1. 2"0 112 112 112 I.3011 102 101 S 101 S I'll tu lj 01 s 1.20H 113 110 113 HW 32S 32S 32S 300 31V 34 , 4.406 iio'vi iiss soo fc'IO 1,200 40O . S 10 AOS 98 S 3S s b2 S 1 S Kill, oss '.isi, M 8.800 120S 11S S7S S3S 33 S 77S 23 s 7S 80S 3HO 135 3110 io; SIMI 70S l.eoo 5 311 S 63 S 32 7H 24 S 7S 20S 134 10s 70S MS S0O 14S 140 2.3( 3S 3S S 3 S IO'-, HO', 70S 500 l.soo 37 s OS 59 77S IOO 50 ami 2.01M1 4.IHIO MINI 2.SOO 3O0 l'O 400 21 2 3i1 .11 47'- 70' 21 21S HO 20 S 4S ill 72 S 3i is 47S 02 S 4S l.Si'O 12.1 S 124 s dtHI Sti s as 76S 70S 1 S 80S 47 S 02S 4S I'orn Prod r01d.11 oil C R J, A P do A pfd do B pfd Crucible ... do pfd . . Cuba Cane do pfd .. Cuban Am Sugr.14.MO Oel Ac Hudson Pome Mine 120 112S IS R3 82 7S 23 7S 30 S 133 MS 2, 03 1IO as;, as 10 50 S 70 S 20S 21 S 20 3IIS 47S 0S 72 S 30 47S 02-i, 4S 124 .SOS lillS 7S III 10 70O 110V loos 110V .. 0.4IHI 44 is 43S 44 l.bOU 100 ..12.600 f4 113 S 43S "si'" 1S 1.100 (I III us 40 1S 40 s 2S "7 5ml 12HS 125 300 80S .Hi' S Iel A Lack OHO 12H. I'avlson Chem .. l.soo 4S r.niiicoii jonnan 1 ii"' Erie lino do 1st pfd . ... 1.4IMI Flee Stor Btty . Mill Psmous Plsyers. 1.70O Fed Mng A Smlt do pf.l 500 Fisk Tire l.OOO Oen Cigars Gen Kiec IOO 171 S Gen Motor 8.I0O lav oen .Motor .. Gen Asphalt ... flood rich Glidden Paint .. Granby ureal or ore.. do pfd 2 Son Greene Cananea. 100 Gulf S Stel 900 Glen Alden Houston Oil 8.40O Hupp Motor .... Ills Cent Inspiration Int Agr Crp com do pfd Interboro 1O0 I s do pfd 2'ii 3 S Interst Callahan 4O0 8S Int Harv Int Xro Marine 1.2O0 S2S 17 V 2!S 411 S S5S, 53 S 12S 3 1 40 83 S 311 s S3S 77S soo IS 300 10s tWO -40 44S 05 . 84 03 S 92 S 1S 40 S 27 S 12H 30 S 120 S 4S 81 S 17S 2S 4liS S4S 13 53 S 12S ill 179 S 170 13 S 13" 120', 4S 82 17S 2S 4S t4 S "iii's 12s 2.soo 700 1O0 do pfd Int Nickel Int Paper do Pfl Invincible Oil Island Oil .... Jewel Tea K C Southern do pfd Keiiy-Spgfld . Kenneeott 7.M0 7110 400 S.V01S l.OOil M0 300 211 1.7KO 4O0 Keystone Tire... 2.100 Lack Steel Lee Tire I-eh'xh Valley. I,or!iard 1ew T heaters. I, A X Mex Seaboard. Maxwell Motor A do B IOO 100 100 MS 67 S 17S 54 S "iis 2S 57 44 S 35 S S 27S r.5 s inn int . T.3O0 10 'l l.OOO 1.1814 132 23.oO 24 S 22S SOO 501 5SH4 a.;x 19 S 1SS 60S 36 40 82 S 30S 82 "7.1S 17S 107 S 40 S IS 'i.i-4 65 S 17S 54 'iis 17 2 A3 S ; e s 76 S 27S 65 S 1K3 15 S 80 70S 3S 15 20 H So s S3 S SOS 82 S 53 75 174 10s 40S S 37 1 S ss H 102 15S 61 S 17S 54 S3 12S ' S jJ S 5S 44 35 S 0 7S 27 S S 162 11S 133 22 S 58 S 18 Swift A Co Tenn C A Ch. Texas Oil Texas Pac lo C A O... . Tob Products . Trana Con Oil. . T'nion Oil Del. . Cnion Pac t'nited Alloy... t'nited Tlrug .. . Cn Pood Prod. Pnlted Fruit .. T'nion B A P. . . C S C S Floe. . Cn Retail St S.flOO V S Ind Alcohol. 3no U S Rubber 10,400 do 1st pfd V S Smelting. U S 8II do pfd . . . . rtah Copper Va Chem ... do pfd Vanadium Steel. 2.70O Vivandou 1.700 Wabash 200 do A pfd I.IOO do B pfd Wells Farxo Weetern Pac do pfd Western Union.. 1.200 111 110 Wests-hse A B Westghs. BAM 80O West Md 200 White Motors .. IOO Wlllys-Overld .. 1.700 do pfd Wilson Packing. Wis Central . Woolworth W'orthgtn Pump W A L E White Oil White Eagle Oil 4S 20S 24S 54 S 13S los 47 SO 24S 54 13S 10 s 82S 63i 62S 2S 53 S 56 S ion 100 42 42 40S . 9.300 101S JOOS 101 s 20O 119S 1S lio 64S 27 S 400 l.OOO 100 49 10S 12S 32V 82 ' 19. 26 S 4S'C IO 12S 32S 7iis 19 61S 12 48 8S 200 42 600 i7 " 100 S1H 100 13S 100 8 61 S 12 48 8 42 1R2 51 S 13S 8 V 60 4sm 10 12 S2'i 21 82 18S 61 lit 04 81 H US 47 8 43 4 2 20 187 51 sj 13 25 Liberty Bond Quotations Liberty bond and victory note quota tions furnished by the Overbeck A Cooke company of Portland. Closing Open. High. Low. Bid Liberty SSs.. 100 96 101.04 100 94 100 96 do 1st 4s 101.14 do 2d 4s 100.50 do 1st 4Ss.. 101 84 101.40 101.24 Ml 24 do2d4S-.. 100 56 100.60 100.52 100.54 do 3d 4 Vs.. 100.S6 100.62 IOO 54 IOO.M do 4th 4Ss. IOI 34 101.3S 101.28 IOI 2S Victory. ISi. 100 50 100 50 100.48 100.48 do 4 Vs. 1923. 100 88 100.90 100.88 100.88 Callable. Money, Silver. Etc. NEW YORK, Aug. 4. Call money. easier; hitji. 4; low, 3: ruling rate. 4; closing bid. 3: offered at 3S: loot loan, 3; call loans against acceptances, SS. Time loans, firm; 60 and 90 days, 4: six months. 4S. Prime mercantile paper. 4f4S. Foreign bar silver. 60S. Mexican dollars, 53S. LONDON. Aug. 4. Bar silver, S.1t per ounce. Money, IS pep cent. Dis count rates, short bills. 2S2 3-16 per cent; three months bills, 2S per cent. Swift Co. Stocks. Closing prices of Swift A Co. stocks at Chicago were reported by the Overbeck A Cooke company of Portland as fol lows ; Swift Co 101S Swift International 19S I.ihhy, McNeil & Llhhy 2 I.ihby. McNeil A Libby (new) 7 National . Leather 7 Mining Stocks at Boston. M-n'ng stcck quotations at Boston fur. nlshed by the Overbeck A Cooke com- pany of Portland: Arixona Commercial ... Adventure ............. Ahmeek ............... A Igomah Aliouez ............... Bingham Mines lumet A Arizona.... New Cornelia Centennial Copper Range ......... I'avls I'aiy East Bull. Franklin Mining Hancock Helvetia Island Creek Keewanaw Kerr Lake ............ Lake Copper Salle Michigan .............. Mohawk May. Old Colony....... Mason Valley North Butte Ni pissing Old Dominion Copper.. Os.-eoia Mining OJlbwa Quincy Mining Pond Cre-k ., Isle Royaie Superior Boston United Shoe Machinery. do pfd. ' Superior Copper Trinity Copper Tuolumne Utah Metals Utah Consolidated U. S. Mining do pfd TtHh Apex Ventura .,............. Ictoria Wolverine Wyandott Shannon Bid. ... 8 . .. 60 . .. 63 S . . . 20 III 14 S ...28.1 . .. 10 ... 9 ... 42 ... 7 ... 10 . . . 2 S . .. 20 IS Ask. 9 80 64 50 27 14 287 10S 10 43 7 Hs 20s IS .104S 103 IS 3 4S 1 2S 60", 4S IS 2 4 4 IS 3 61 5 .IS E RATES RISE FINANCIAL MARKETS SHOW NO UNEASINESS. Francs and Sterling Reach High est Figure Since Iast Week; Even Mark Goes Up. RY ALEXANDER DANA NOTES. (By Chicago Tribune J-.e-a.s9-M Wire.) NEW YORK. Aug. 4. All tW the fi nancial markets once more gave evi dence today of what on its face would appear to be entire absence of uneasi ness. When It Is considered that Ger many's formal declaration of inability to make further reparations payments is scheduled for tomorrow,and with it the French government's statement of what penalties will be imposed. If any, it might nit on reasonably have been imagined that exchange would have moved sharply against France and Ger many, if not indeed against London also. Instead of this, a decided recovery car ried today's market for francs and ster ling; to the highest figures since the be ginning of last week. Even the German mark advanced. Such a. movement means something more than mere suspension of judg ment. It is possible to ascribe it to the British premier's speech to parliament yesterday in which the effort to explain away the unpleasant Implications of the Balfour note was evident ; it may have measured the effect on financial senti ment of the vague rumors regarding conciliatory purposes by the French premier. But in any case, with the con ference of the two prime ministers due to begin on Monday, and with the ex change market's action in previous crises over German reparations kept in mind. the natural inference from today's mar ket is that financial Judgment la lean ing to the belief that the very acut. ness of the crisis will bring something in the nature of a compromise. The attitude of the stock market, as reflecting financial opinion on the labor situation, was very much what it has been on each day since the White House proposal complicated the negotiations. A decline in the early hours was followed by recovery. leaving the day's net changes irregularly divided between gains and losses. It was clearly a market awaiting some new turn, in the con troversy, but awaiting lawnnout acute apprehension. PHILIPPE TRAOE ACTIVE STEEL .VXD COTTON GOODS INCREASING IN DEMAND. .Manila Hemp Market Quiet, With Small Calls From America and Europe for Product. (Copyright, 1822. by the Fnc LfHKr company. ruDiianea dj Arrinrjnciu.i WASHINGTON. D. C, Aug. 4. (Spe cial.) Demand for Iron and Bteel anl cotton goods in the Philippines is increas ing, a cable from Manila informs the de partment of commerce. The Manila hemp market is quiet, with small demand from America snd Europe. Improvement is expected next month ana in September. No damage to the hemp crop by storms and drought was reported. The Philippine sugar marnei is im proved because of increased prices in .New York. The leaf-tobacco market is generally weak. Planting ot rice his begun. ' . Assignment of Trade Commissioner Fowler f Kan Francisco to Manila for the further promotion" of American trade n the territory comprising trencn lnao- China, Siam, British Malaya, Dutch East Indies and the Philippine islands waa an nounced by Secretary Hoover. The department is informed by cable from Norway that the industrial situa tion there is better. There is no labor unrest and industrial activity has cteased. Crop conditions promise a yield liKhtly below -normal. Idle snippin hows a slight- decrease, although the freight market still la dull. German textile mills are said to nav experienced a revival of buying from the domestic clothing industries following he Genoa conference. biack trade in he German cotton industry is reported from Giadbach. The increase in the price of raw cotton on the worlds markets has boen followed by a considerable Increase in German prices, accompanied by larger demand for cotton yarns. Trade n the cotton-weaving mills shows, now ever, no sign of -reviving. She appreciated the personal ; aaaavaaaaai aaaaiaasaaaaaaaamaaaaaaaaaaaaaa aaaasSBaaaaB saaaaaaaaaaa)aBBSBSiMaaaaaaai service of our management nPHE following letter, written by a woman well known to all Lang Syne Portlanders, is Her voluntary testimonial regarding our service. My Dear Mr. Strong: I can assure you and Mr. MacNaughton that your care of my affairs is truly appre ciated in. that you have been so kind and , obliging in every way and seemed to take a personal interest in them. I thank you both most sincerely. This client owned a badly involved group of Portland properties. Her absences from the city, combined with ill health and inexperience- in business, made it impossible for her to cope with the situation so she came to us. . -We untangled the knots and changed an almost certain loss into a steady and sure income. This personal attention to the client's prob lems is the basic principle of our service. It makes successful our management of invest ments and property for estates and individ uals. Perhaps you have a problem we can help you solve. , Strong & MacNaughton It ftfh CORBETT BUILDING llM PORTLAND, OREGON Investment and Property hi an' agers for Estates and Individuals COTTON FCTVRES CLOSK lOWIE Heavy Selling From South too Much for . Market. (By ChicaBW Tribune Leased Wire.) NKW YORK, .Aug. 4. Despite buying of December by Liverpool and Japanese interests, the heavy selling pressure from the south was too -much for the early market and prices supped off pound. It rallied ten points before mid- ay, but -eased off again. That operation was repeated several times in the latter half of the session.. At the close the list was off 20 to 29 points. Spot cotton was quiet, 25 points de- line. 21.4jc for middling upland. Southern spot markets were: Galves- on. 21.oc. 2o points decline: rewur leans. 21.25c, 25 points decline; Savan- ah. 20.75c, 60 points decline; Auerusta, 1.25c. 25 points decline; Memphis, 22.50c, nchanged: Houston. 21.50c, 25 pointa de- line; Little Hock, 21. 5c, unchanged. NEW YORK, Aug. 4. Cotton futures opened steady. October, 21.3-Sc; Decem ber. 21.4Hc: January, 21.41c; March. I.2Bc: May. 21.20 bid. Futures closed barely steady. October, 21.20c; December, 21.23c: January. 21.12c; March, 21.08c; May, 21.00c. 25 2B 3 3tM 24 3 43 i 44 20 4 21 24 SS 14 1 j .18 sn 2 26H 44 44 , 2 1-1S 21 70 72 1 1-18 ltt 2 3 4A, 41 4W 4S',4 2 , 2 29 29 1 2 11 12'. (10 75 SO 85 Foreign Bonds. Furnished by the Overbeck Cooke company of Portland: Bid. A?k. Belgian rest 5s inin 70 7.1 do prem ua V-1 74 77 do 7i a 1!4.-i 1i 1oi4 do 6s l-'-.l lt mo British 5s 1 !" I"" do 1!27 14 lis do 1'-0 '03 07 do vky 4s Win SO S2 do ref 4s WTM 77 SO V K 6iis W22 109 110 do 12 11 110'i do 10-17 104K HH Bordeaux lis W:t4 Sri Canadian Os 1020 M'i do o's 1H27 ion do W2 102 lo:i do 5s , W7 ii: wo do 1M1 HUH !9 Chinese 5s W.-.1 r.:t 54 Chile 8s 11141 102 10.-! French 4s 1017 .Ml - 52 do 5s WJO -A 7.1 do 1!i:tl 61 fi'f do "Hs W41 (t'.l WH do Ss 1945 1 00 100H German W L 5s 1 1 Berlin 4s 1 , 2 Hamburg 4s 1 2 do 4 'as 1 2 Leipslg 4 lis 1 2 do 5s 1 2 Munich 4s m 2H do 1i 2, Frankfort 4s IV 2H Italian 5s WIS ?4 n.'.1 Jap 4s W31 7S 7.H.; do 1st 4 '4 s 1925 S 3. do 2d l i 1925 113 93 ft Norway 8s W40 no in Denmark 8 1945 10014 11. Kuaaian 5Vi W21 14 IS do W2t 2 4 do 6is Wl' 14 15 Sao Paulo 8s W3fl loo'i 101 Swiss Ss W40 119 119V4 Brasil 8s 1941 11111 IOO14 do 7s WSJ 92 Denmark 0s 1942 !! Dutch B Ind 0s 12 94 "i 9514 do 1947 64 84 Vj 9.003.000 BONDS SOLD .LOXG-BEIX UMBER COM PANY SELLS SECURITIES. Syndicate Takes Over Big- Issue for Marketing at Price to Yield 6.35 Per Cent. CHICAGO. Auk. 4. (Special.) The Long-Bell Lumber company, on of the lareest manufacturers and distributors of lumber under a ningle ownership in this country, has sold J9.0OO.0OO of Its firnt mortgage. 6 per cent sinking fund gold bonds, series "A' to a syndicate of bankers headed by Halsey, Stuart & Co., and including George H. Burr & Co., and th Lacey Securities Corporation. The purchasing syndicate will offer the bonds to the public today at a price of 96 and interest to yield about 6. S3 per cent. The bonds, which mature in 14, will be secured by a first mortgage on stand ing timber valued at $13,783,215, and on plants, mills and other property with a value sufficient to make the aggregate security under the mortgage not less than 200 per cent of the par amount of bonds outstanding.' The company's con solidated balance fcheet as of May 31, lOUai, shows net tangible assets after de ducting all liabilities, except these bonds, of $T0,AH1.360, and net quick assets of $13,250,178. During the last 10 years earnings available for federal taxes, debt, prin cipal and interest, dividends and invest ment in new property have averaged $6,323,852 annually. The maximum an nual .principal and Interest charges on the total present outstanding debt, in cluding this Issue, are $3,250,711. A sink ing fund is provided, which Is calculated to retire the entire issue by maturity. Steel Merger Announced. (By Chicago Tribune Leased Wire.) PITTSBURG. Pa-, Aug. 3. An Import ant development in tha iron and steel foundry Interests in Pittsburg has been announced in the $10,000,000 merger which unites the Mackintoeh-Hemphlll company. Pittsburg Iron & Steel company, A. Gar rison Foundry company and the Wood ward Machine company of Wooster, O- . Metal Markets. NKW YORK, Aug. 4. Copper, firm; electrolytic, spot and futures, 1414Hc. Tin Firmer, spot and nearby, 32.50c; futures. 32 C2c. Iron Steady; prices, unchanged. Lead Steady ; spot. 5-75 & 5 80c. Zinc Firm ; East St. Louis spot and nearby delivery. 6:30c. . Antimony Spot, 6. 25 5. 6 2c. LEATHER PRICES FIRM COSTS OF HIDES AND SKINS OX UPGRADE. Wide Kange Between Asking rig lire and Offers of IT. S. Tan ners, Reported by Importers. (??(5c; blackberries, drawer. 2530c; lo ganberries, drawer, 2535c"; figs, sin gle layer, box, 85S5c; peacbes, crate, $l1.2o; currants, per drawer, 1.25; watermelons, lb., lc and less; plums, crate, tl.50l.5; grapes, crate J1.750 3.23; new green apples, box, $1.25(&i 1.75. Vegetables Artichokes, lug, crate, nominal; beans, pound, 24c; carrots, jack, Jl1.25; celery, crate, $5.50B; cucumbers. lug, 5065c; eggplant, pound, , 3 if 5c; lettuce, crate. is l.-'a; onions, Stockton red, cwt., 1.254jl.40; yellow, I ji.501.75; green. $1.251.50; parsnips, I .ack, 2.508; peas, lb., 46c; bell pep pers, lb., lowic; new potatoes, lb., H4 ri2c: sweet, 68c; rhubarb, box, $1 1.25; squash, summer, lug, 50975c; spinach, pound, 34c; tomatoes, crats, Jlil.75; turnips, sack, fltgil.25; green corn, dozen, 10 13c; garlic, pound, 3Bc; beets, sack, Jl1.50. Keceipts Flour, 4504 quarter sacks; wheat, 15,926 centals; barley, 60,2S cen tals; corn, 2500 centals; potatoes, 453 sacks; onions, 23 sacks; hay, 354 tons; hides, 1293; oranges and lemons, 900 boxes; livestock, 450 head. STRIKES SLOW DOWN INDUSTRY Effect of Labor , Troubles Seen in Iron and Steel Industry. NEW YORK, Aug. 4. Bradstreefs tomorrow will say; Labor troubles, contrary to ireneral hopes and expectations, still hold the center of tho stage and have been the cause of a further slight quieting down (Copyright, 1922, by the Public Ledger Company. Published by Arrangement. ) PHILADELPHIA Aug. 4. (Special.) Leather continues strong, with an ad vancing tendency stimulated by rising costs of hides and skins and the demand from shoe factories. Belting- butts also are strong1 and some tanners have ad vanced their prices. No. 1 curried oa.k stock being quoted at 90 to 92 cents. Hough butts are unchanged at 64 to 6J cents. Pindinr leather is seasonally quiet and Is not expected to revive sooner than six weeks. One tanner reports eizablo sales of heads this week. Union shoulders range from 28 to 30 cents and rougn aouoie oak shoulders from 33 to 38 cents. Rnvers are showing reluctance to traao rurrnTit prices for hides. in Which of trade buvln,. nnri in 1hn irnrt ar,t advances have occurred. July branded steel grades chiefly, of a more percept- packer steers nave emu .i. ii .cuu. slowing down or industry. As for Dry hides are firm, Orlnocos being quoted some time past, 'he- sections reporting at lo cents. uentrai Americana n..ve i sold at IT cents and Savanillas at y, cent more. Calfskins are trrm, dui irauing is quiet. Demand for calfskin leainer con tinues steady at urni jitw. v..w Leather company is Introducing a new tannago called patent kaffor kid. rivauirinn Are sironiT and advneing. Im porters report a wide range between ask ing prices In the primary markets and ,.. nffr of American tanners. Patents are offered at 8 to $8.50 a dozen. Ask ing prices lor wet-sareea avniyutjs v. between $8.50 and 8.75. Kidskin Is steady. iannero :.i clined to advance pricea eci rising costs of raw stock. Black, browns and patents in the order named are mosr active. , QUOTATIONS ON DAIRY PRODUCE Cnrrent Market Ruling on Butter. Cheese and Eggs. RAN FRANCISCO. Aug. 4. (U. S. Bu reau of Markets.) Butter, extras, 44c; prime firsts, 41Hc; firsts: 4014c j.KBS Extra, 29c; extra first, 27c, first 25c; extra pullets, 24c; undersized the most effect on industry are, gener ally speaking, those lying between the Alleghenies and the Mississippi north of the Ohio river, but the growing scarcity of fuel in the northwest is apparently the cause of increased concern, mainly because of the advance of the season, which tends to bring the matter of fuel supply home to household consumers. In this respect, however, the absolute cessation of anthracite coal mining is a matter of growing concern to dwellers in the eastern states. The weekly bank clearings were $7,073,461,000. REFINED SUGAR BUYING UNEVEN Futures Uncertain on Realizing for Profits by Longs. The New York sugar market letter re ceived by wire by Overbeck & Cooke said: Sugar futures were unchanged to a decline of two points, then sold off 2 to 3 points further on realizing by those few longs who have been attracted by the recent price levels on which to take orofits. Sugar houses and Wall street absorbed most of these offers. Refined sugar was unchanged, the buvine interest still being a little un certain, although some brokers felt that they could sell at 3 18-lBc for CuBas II they could secure offers at that level. Most sellers asked 3c. NEW YORK, Aug. 4. Raw sugar. centrifugal, 5-.42c; refined fine granu lated, 7 7.10c. SAN FRANCISCO. Aug. 4. California- Hawaiian raw sugar, 5.345. pirimiiMi"siwi.iji.i...;Mijsjisi wi ,M.iw-w wiw r,' w mmw wi w.'ii ----- 't iiiin Prrriif s -iiii-rti sTrHii-rrn iHsit'' MUr ' n -n -..-.,.,. -.a Whether he sells them or not Every Visiting Buyer is a discriminating connoisseur of desks when he buys for his own use Th. Vmt-Mmm All Feature nl -HXJ0 S.ri. Young America, nutlets, lo-c. Cheese California fancy, 26c. NEW YORK, Aug. 4. Butter, steady. Eggo Steady. New Jersey hennery. whites extra fancy canaiea seiecco, ouw 51c; Pacific coast whites, firsts to extra firsts, 304)37c. Cheese' easy. CHICAGO, Aug. 4. Butter, unsettled. Creamery extras. 34c; tirsts, 9w seconds. 27428c: standards 83c , Eggs Unchanged; receipts. 11.003 cases; poultry, alive higher; fowls, 1 "2Ve- broilers, 21 27c; roosters, 14c. SEATTLE, Aug. 4. Butter and eggs unchanged. 6A3J FRANCISCO PRODUCE MARKET Prices Cnrrent on vegeiames, irau f ruits, i.ti-i .- v.kj. SAN FRANCISCO, Aug. 4. (State Division of Marceis.l x-ounry rryera, 323Se; oroners, wwoou. mwici juuiik, 43945c; old, 14aisc; nens, lseidzo; ducks. 18(g20c; turkeys, live. S235o; dressed. 364uc; hares, pound, 13 15c; quabs,' dozen. 33.50; Jackrabbits. aozen, $22.50. ' Fruit .fears, carneu, oui, i.ovv 2.T5; apples. 4-uer, Tiaoija.(o; canta loupes, stanua.ru uhib, i oux.ii oranges, vaienciaa, LHi icmuna, o.tfv ftiRRO: .eraoefruit, S4i6.50: strawberries. drawer, 60'g! 75c : raspberries, drawer, 60 $6000 Wanted On centrally located improved busi ness property here which recently sold for $20,000, by a client- whose net worth is many times the amount. " A. A. BELLMAN, - Klamath Falls, Oregon. I tlW 1 i-t TnnCUnH. A mt ,".-.- 'J 1 .F' 1 wi-.t. ibmu. rww - B . V &uu Uau. . V West-Made, the Fifty-Year Desk satisfies every buyer. II A novel arrangement for refunding: railroad fares by discounting your purchases for two months will make your time spent with us very much worth while. f If you eell desks you can Increase your business by studying: the modern West Made method of display. Percy A. Smith, President, West-Made Desk Company. We will be delighted to ehow you the line at Bushong and Company Bl Park Street. Telephone Broadway 4104 Exclusive Portland Representative for West-Made Desk Co., Manufacturers Portland, V. S. A. TKe Fifty -Year Desk fit tireiaa sss uasj