Morning Oregonian. (Portland, Or.) 1861-1937, August 12, 1922, Image 21

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Morning Oregonian., August 12, 1922, Page 21, Image 21

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Newspaper Page TextTHE MORXrXG OREGONIAX, SATURDAY, AUGUST 12, 1922 At kw WHEAT PIES SAG JO NEW LOW LEVEL U S Tab let ref 5s 1947 V Chm V Cur Chfm 7 Wrut Kf .V . ,t I T col Tr 3 Wilson It fta .... . rr H , Vrt ! 7 t:nh'iiff- 7s . . I Fi:K,.- uTthfi-s ' Am I.t Tmn Am Tt roli 4 no Market Fairly Firm at Open-, r ir:r.::.i. ing; Breaks Later. H R T .'hi H-l! Tell Pa Cw I Gas unl on . . . . I'l-S .-f".4 14 B Cltv Siicv 7s C . 2o L Int Moi 4',s K . ; ei OTHER GRAINS GIVE WAY ; irr.U;; . Ix Cieneral at t'lo- In Chi cago; f!i From Kurop lias 'o Effect on Quotations. BT CHARLES t. MICHAELS. (By Chtraa-o Tribune l.eed Wire I CHICAGO. Aw. Jl Wheat and oats) old today at a new w for the season, aa did the deferred deliveries of corn. Liquidation was hn after a na-derate bowing of strength In the ir y its. line Tae finish was at net losses of lc on wheat. meie oa corn. H V c on oata and ?lc on nr September la commrnrlnc to act a llttto erratic and aoid at the December Prtc. of He tinder, cloelne- at He dls rount. The Gu t Is not bidding keenly for cash train aa of late and It 1 ex pected that Illinois will now atart to d p to Ch'.raa-o. The rail strike Is grow ing more teat. The London conference fcetd out prospects of a moratorium fur Cernxany. bat this news was without ef fect on value. Wheat receipts were 3".0 car, wirh premiums anrnaneed. Weak ness in Wtanlpes: waa a factor In mak ing the c'ostne- break. At no time were the deferred deliv eries of corn aa high aa the close of the previous day and toward the last stop loss orders were uncovered which made a sharp break- September showed more strength and went to 3 rents over De cember at the la at. There la a belief that It will tighten op later on account f a scarcity of caen (rain. Cah de mand waa fair, with sales of 303.000 bushels, rncludirur 230.000 -bushels to ex porters. Receipts were IIS cars. Oats showed practically, no rallying power and closed about the bottom. The Canadian government report suggesting the second :arsest crop on record had some effect on sentiment, which remains decidedly bearleb. Receipts were 18S care: shipping sales 330.000 bushels. In cluding loo.o0 bushels for export. Houses with seaboard connections were fair buers and the northweal the best severs of rye. Minneapolis snd Ouluth combined received 253 cara. No. 2 on track so:d at 2c over September at the last a'int 2c over the early quota Hon. N-.rihw.-et Tel t 1- Tel 5, Pc I .nil ... ............... rWuthwest Te Ts I l.'l bonds 'Arir'o Am 7i ............ A r.tic Ref S ;a.-na -4 Oil Ts Gulf Oil Ts . . .., . Huml.ie Ts ................ j l'n Amn 7s ............... , Mex I", t cv os ............. i.Sir.al.ir T't !S n 0l 7 I an N T Ts ' T'-si Co Ts 'Tidewater nil 8ls Vd.-uum OH Ts Kore an lov.rnmfnt bond Argentine 2.1 Ts ............ l. t. I ,Vs FelgsUm Ks ............... Hersen Ha Mern km Chriadsna &s Copenhagen 5S .......... llamas t'oneol s .......... Fren-h CUiea 6a l!a!y w,a A " V X n- 4 do eat &a .............. I'rumay Ext ba Curb bmls Allied Parkers ls Am Tel a Tel io Anaconda Copper lis 1 o:to !!.! 1 !-':! 1!' I J 10-.-J 11. ;s li:;n l'it I lti.'s 1 Ii'jl M2.-i 1 i ;:. l!4. mi 1!4.'. 11.17 rit 1IW 1!W l'l.Vl 1 lt 10:to 11M.I I'.UI ln.'iT itua 125 12.-. rsi 10 '.U lir.: 1 ;..i.) l sin; t-4.ll l :l I'.'.M 1 I.. I i-.;x 1!I2S 1H 1.1 140 t.ms 1043 IMS 11144 1II4I1 1!4 -. liC.4 1D43 f S 1(14 11,014 10.'. S lo t 11- HKI'S !"t ink" ion '4 7:1 11S4 ll4 tut VTt 1 12 TOBACCO ISSUES ABE UP pfli ri OMDOWNATJHICAGO westkkx i'xion bonus also :eacii new record. ;xxl Inquiry Xotptl fer Traction Ilonds; Prices on Stock Ex change Move Upward. 1P22 . 124 Ansto-Am Oil Ts .. Armour Co Ts .... Ilalena S.cnal Oil Ts llrsrd Truna C.ulf Oil Co Ts s-n Hoe 7s 3-yr. . . .so West Tel Ts Hland OH N T aw,, . Svlll Co Ts do Vacuum Oil Ts H23 1U25 11U1 1 "1 s I'S 107 t'7, III S 103 1"S. lo:t lo.lv l4 V, 1"1 IOI io;, at !.! 1 n iii 10 lOOV, 1"4S nmvs 110 110 i'i 2S 4o , 110 at H liioi, lul s lull. H4 . 103 1 04 loS 1IH1 U'4 Hil V. "3S, linS i"2 H3 Fareica Uooda. "urnished bv overbeck A: Cooko com pany of Tort. and: I9i la.'..' IbO i'.'M liiui 12 14 2S M7W, lOO HI. New prk Honda. rumlehed by Jordan. Wentworth a Co. of Pori.and. Hal. road Bonds At fl Ken 4. A C 1. 4s do 7s B t tun 4?s cv do ref 3s Canada Suutaern 3a .... Ca-ad.aa .ur tS,s da T Cen Pc 1st 4s dies Jk Onio cv II31... do gen liji do cv S"! C B A g 111 dlv 4s C West Ind 4s C ti W 4s C M Si H 4, do cv 4's ........... do deb 4s ........... do a-.-n 4s A docv 3s 140 113 I IMS IX 1, r 4Wa A Chao X V sen 4s o. 64s do 7s C K 1 m P ref 4s Cue i-MU xC ex 4v,s do 4 . Il a Hudson cv 3s do 7a D A R ; cv 4s do ref 3s ............ Erie P L 4s Lrle coa la A do B do i ; Erie Pa C a 4s 2 " Cid Trunk eo, 4Hs ....... tit Nor 4E3s I do 7s ..I. I Gt Trunk s do Ts 111 Cent jt 3s do ref 4s . ....... K C 80a ref 3 Kffl a Ies M 1st 3a...... L a MS 4a l a x ts - 1. a N unl 4s . Kineiair !s Kd .V A PS a i M !t P S S M Ss X K a T 4s 1 P sren 4s do ref 3a ............. t o ret' As .......... f ' H T C deb 4a do con 4s ............. do ref imp 4ia.. ...... do cv deb as ........... d. co:i 7s r n h e h a,....;: . N " Tex A Alex 3 XPrLti X P t 1 N P til Nor.Jl Sa...;"i O l L ref 4s fenna ISi ;, do en 4i, do 4Ss do ff-n 3s .............. do . . ti h r Fesilmc sen 4s . 6 . I. 4a do :. do K A ........II P"B Rv eon 3s . fjo l ac rv 4a . dl rl 4s do ef term 4s ....."..." P rone :.s t 1. a s p p l 4s A ; do c-'n As do P L As R do sen ft. d- ad j s do ir.r fc. .... : fi 1. 1,1 1, do coii 4s do lt 4s Tx Psc I.t As I n Pac 1st 4s do ve 4 ........... do ref 4s " t'n Tut 7s " Waban 1st 3s 1! fts ......... . We. I Psc As W K T sdj 3s do 2d As Ots s . In J'je-r a's AMied Parkers ks . An-.n Ar Ch TS ........ An;n Sni !a As .......... A rn n T'barco 7 ......... Ara.-rda s A Io 7 11 Armowr cv 4s do 4W Nirrr lsrJ ka Bth ti 7. do eq 7 . l f rf : I . ' . Cerro de P.s.-o -S Ch.V root a. A .......... d. eon vTs .. . C'l i;rr"i as . . Copper Kp d Co o a I (-n Ss! ld 3s CuHan Ami Surar V .... ( uhin t'ane cv 7 " 1 iar I. -r s4. rv As!!! I m r r. .) ll:ch T 'ei ..!!! I'sprtrs: TSs iire ilai Ks a! l-k in K e- ri.b 3. do deh Is '! fovt-lr!) 7 ...!.! Civ.y4r i4 !!.!!!"' ii-ma is !.!!!!!!!! sirrshejr TVs Ill ee deo 48 .!!!""" Ind Sr! is l-t Air A. I -t kljrine i t V " Kel e .-.f-.nsf Id js .!..".'! Ker.ner.-Mt 7a La."k Mee ,. H tar a. I.lbfy M-Ne-t ' I.'.bbe Va .' ! " 1-UjC--! a Myers As Lcrl. jrd 3s .!!!!"!! do 7s li.la.e As . ...!!!!" l- rrte a Co 7'-, . !.!!! Pro--r a ;amb.e Ts" " R-pub I A St As J... Bears Roe Ts do .el a Tube Ts " 6wtf! a Co 7, do luju l'j2 14 iKI'J lajj J . 12S 1U32 1U3I l:i3 20 1 4 2014 1I la.td 134 1 H J "i lsr.S lelj 1 : 1A limil mis lUo3 1K.VJ 111 1-J llllil r..w l3d ll'IO ii.tia 1B.V3 1 11 AO 1.J l'.'.H l'JJO 10 l4t I'.'SO IK73 1!2S !.' 1934 , ttria , 21113 I MJ 11 va 1S4K in 33 1W7 2M7 IM3d lli.T 1 : Its 3 IWU) 1.; injii inn 117 1KAO 1S4 143 IX" 4 !- 13 1!M imi IR-.O I . I KA 1"3I I IAS lMK) lA2 pl.ij ll"- 2-MH IW47 IH'7 2iaH I'-Hl pun 1 ' m 1:m ms 7S 71 K 7H SO T3S TS 67 V Ill's ill --e HI H3H 1 '1 Ill's TT, 4 32 V, 33 . SJS1. 1U 1 1 1 H3 112 UK 1 ess "i 1.3 V. J us IMS ! ;, loo 103 y, 3 7s 1O0 , IM HA KM ll1 ' AO.Ms 2 72S 4 I'll V lol s ms J IM lH2 1 HI', 1IOV, K3 V, "'I 7V 3 , txis, A lojl, TS riH IIH 2 T4A. i'' i Ts KA FeisTtan rest 3s.. betsrisn real fts . do prem s . . . . do7s do 6s ......... Bntian 3a do &a do 3s ........ do vky 4a do ref 4s Brsxi! Ha do Ts UKS'il do3Sa do 3ts ....... Bordeaux Aa .... Canadian 3a ..... doAHa do ASS ....... do As ......... do &s ......... Chinese 3s Chi:e s French 4s do fts ......... do &s . do 7 Sa 11! 1K1H 12H ISM A 1023 -'2 lf27 1-1 If 111 184! 11IA2 lW 2 2 19J9 1037 1H.-.4 1920 11127 1!2 137 1031 1.M 1141 11T 1B20 inn 194 1 do Sa llHS German W L 3s Berlin 4a .... Ham burs; 4a ........ .... lo4ss Leipslc 4 ii do 3s Munich 4s .......... .... do 3s ............. .... Frankfort 4s Italian 3s 1 e 1 i Japanes4s ........ 1931 do 1st 4t 11123 do 2d 4Ss 1923 Norvir .......... I14O Swedish Oa 1139 Denmark OS ......... 1042 do s 1P4.1 Russian 3 Sa 1121 Russian 5VjS ........ 1021 doL. into Sao Paulo. s lo.tn siiss3Ss 10211 io ss ........ .'. . . HMO Dutch E Indies 6s. .. . 10H2 io li) 1047 nid. Bt . rst 72 ion ! t 1 I.t 03 !-l ItlJ 13 'i lo nn I'M H21, H'.i. Us is 103 n:i ! 32 103 4M T2 60 ! 10d ..1 1 1 1 1 1 I "4 1 1 , 33s 7n V3 24i 114V. 104 110 14 14 lOil 10.1 11" US V. 4', Ask. 73 10114 AIMJ VA SI T 2 HO 10114 V4 110 110 103 1-3 100 100 10:; I, ion loo 34 103 V, 32 : 2 4 10nv IS 1 2 IS. 2 . 36 S. T" MS 13 S 111 103 1 104 17 H IT Ion -4 IO.I , 120 JA Hi is torelxn Kirhaoae. Foreln exchanse rates at the close of business yesterday, furnished by North western National bank of Portland The amount quoted u the equivalent of the loreisn unit in t nited lates funds Austria. Kronen $ .oonoA Beie-iam. franca O77U0 Bulxar.a. leva '. . o?.-,n iwnfi-Movs hria. kronen ........ .H2A70 fenmark. kroner .21'AO r.nciana. pound sterllna ........ 4.471 f iniand. f inmark 022:10 France, franca us in) Oermany. marks tmlTO tireeie. drachmas o.'luo Ho.iand. jcui.dera 3SO20 Hur.Karv. kronen 01 i"o Iv. lire 04.:n Juso-t;avia. kronen IMMHO .1'Tsiy, kronen ................ .17.1 fortuaal. eocudos ............... .077IMJ noumanla.lel ...... 0104.0 .'-rois. ainaft .01!) Spain, pesetas .................. A."rf Sweden, kroner "fni ttwitsertand. franca 111120 i nma-itoncKonc, local currency. .37100 f nsrif rsi. laeis ....... TTimi japan, yen ' 47." 00 NEW TOR K. Ana- 11. Forelen ... chance, firmer: Great Britain, demand. 34 4K--,: -xb.es. 4 4S: 0-ray bll.s on banks, H II. France, demand. All'.: cables, f 13. Italy, demand. 4 AH: cabiea. 4...s. Belvinm. demand. T 74: cables! ii4i. Oermany. demand. 12; cabiea. 12H Holland, demand. S T3: cabiea 3 .""O Norway, demand. 17.23. Sweden, demand. 26 2t. Denmark, demand. 21 30. Swiis-r and. demand. 19 03. Spain, de mand. 13.34 Greece, demand. .303. Po- and. demand. OlS. Cxrcho-S:ov.k 1. de mand. 2 4. Arcenline. demand. 38.12. Braxil. demand. 13.62 3lontreai. 99 11-16. standard 4HI Marks. Standard nil stock, rur.nh.ii ... k. Overbeck a Cooks company of Portland: IM4 Asked. Anato Borne Scrysmer 1H3', !.1 S 10 s nt s AOS, s 1O0S . 193 . Il . IH47 . 1!2.1 . ir--i . ttjit . 1W . l'.l:l . It'll . 11-23 . 1!33 . !!I2 . I'll . P..12 . l'.'S . in 23 . H'-'4 1923 . I I'll 1934 yi3t i"a 1927 1913 19.11 19.-4 1941 19,12 ri.i 1923 I94I 19 1.1 19.11 1940 195. 19.1 l'Ml 1M1 1 9 V 191.-3 l.v 19.11 19.H 1944 13 1944 19.16 P1I) 19 23 l.'l't T22 19J.1 1131 1 --3 ItVil Buckeve CheeseOrourlh ..... do pld Continental "reecent ... .1 .... . 'umoerland Eureka alena common .. do i ld pld . . . . . do Nrw pfd ihnois I'loe ...... l;ana 1' re v. . t ....... . N V Transit f7 I Northern Pips .... "'Nil Ihio i.l In'ernatlonsl Pels I'enn Prairie to: Prairie Pipe ...... Sfllir fte'i; Southern Pipe .... : jlo'ii 9 penn Oil . .. I s W P.nn OH S o Indiana po j do Kansas ...... 104 i I 1" Kentucky .... 3. a' N"r lof - !:. ' do 1 :o It 1. ' p'' .H Sn a Finch .... !! "'"" nil . ahni:.n 7S Is"" Nel-raaaa lk ! Imperial I4 Ml -, ! t)l OT T10Nr4 n 124', I XV, j Carresrt Marwet Raima; oa I tut her. Threw ,'( and ta. !0s:!,SAN PRANdS,-,,: Allc tl(L- S. H t '"" Markets! -Butter, extras. 42c: 7 ' "i'S. JJic I.17-,1 Es Kx:rs. I'lSc: extra firsts. 2Sc; h! jlllrs psjlleis. l4r 1)1, 1 Cheese California Cat fancy. 22c I os s i l7t. XKW YORK. Auk 11. Butter, firm. IO' Creemerv burner than extrss. 84', 0 3Ac: l' extras. 4- " 1'2' J EfCSB firmer; j,w J.r. henn.ee . whites, extra fancy candled selection line: uncandled runs 47S2r: atate and I krarby weatern hennery whites firat to ! ettr.a S446e: Pacific coast whites. I firsts to extra f.rsrs. l:(fir j Cheese Slesdy Stst. whole mflk flata fetl aver.ite run. Iw20c; state whole mriK twins freah. aneciala and twlna av erarxe rnn anquolsrt 1V 400 ... y . . . 1 90 . . . !! ...137 ... 33 ...131 . . . KM . .. Al . . . 1S ...IOI . . .162 ... 9 ... 26", ...163 ... ...273 -... 2, !!!saa . .244 . . .3.13 . .. 92 . . .203 . . sni ..rt. -. . 320 ..4A3 ..1IT . . 32 . . 421 .173 . 109 III 413 97 ' 21 1 I I I 142 3.1 140 uo A3 1 12 lOA 16A uo 26 167 IO0 H 3'k Alt A 343 04 2IO 62 1"9, 3 40 96 427 463 119 31 423 ISA 111 NEW TOR It. Ana:. M. Bond prices on the New York stock exchange hsld firm today with most channel being- of a fractional nature. Kail Issues were strong, but they were overshadowed by the Industrial croup In which Tobaco Products fcs. Saxon company 7s snd Western Union (Hi wef!t to new high Prices. Conspicuous strena-th also wss 4 shown by Wilson Parkins Ss and TVts and Armour Resl Estate 4s. New York Central debenture 6s were un to lOSti for the first time, while the best prltys of ths year were also made by Chess- peaks St Ohio convertible Ss. St. Louis & Southwestern consolidated 4s and South ern railway Sa. A good Inquiry aisi a ss noted, for traction bonds. Leaders o" this group including Interborough Rapid Transit 3s. Third Avenue adjust ment 5s and the Market Street of San Francisco 3s. Liberties were generally up 2 to 20 points, with few -changes noted in the securities of Europesn goy emments. Csnsdisn government 5s were active and. strong upon the announce ment that the government planned to retire the el7M.noo.000 of Its victory 4Hs, offered la 1919. Brazilian bonds aiao hardened. ' Total sales, par value, were 112.303.000. An Issue of .3.926.000 of 6 per cent equipment trust certificates of ths Boston Maine raj: road, which were offered today at 103 and interest to yield 4.T5 to S. .3 was oversubscribed. The only oth er Important offering wss an Issue of 33.130.ooo S -per cent equipment trust certificates of the Philadelphia Rapid Tranalt company, which were offered to irsm o to a per cent. . " r on me . lork stock ex- cnange continued today to move sre.dnv upw ard regardless of strike developments. irading naturally was restricted pend ing Outcome Of today's conference the day's sales approximating 333. 010 .here. Rails continued ts move ahead ns a group on relatively light desllngs. but the greatest strength was shown In Indus trials, severala of which made new Mgh records. Bumper crop prospects con tinued to Impart buoyancy to Interna tional Harvester and Advance -Rumely preferred, manufacturers of farm Imple ments, which jumped about three points to the year's prices. Sears Roebuck and Montgomery Ward also advanced aharnlv In response to the same Influences. In ternational Paper advanced sharply on announcement of an Increase of 35 a ton In the Price Of newanrlnt nsner while U. S. Aicoayil went to a new hlrh reports of Increased production Equipments, like Baldwin and American Locomotives and General Electric bet tered their positions, presumably In re sponse to further orders by ral'road companies. Shippings, like International At.rr.n- tile marine preferred and Atlantic Gulf 4 West Indies, which had been more or ess reactionary all week, were up over a point. Cuban sugar stocks also displayed a stronger tone. Indicating an end of the pressure which followed the senate's sdoptlon of a higher tariff duty on the Cubsn product. Columbia Gas. Brook lyn Edison snd Pacific Gaa A Electric all at new top prices, featured the jen eral advance in public utilities. The de mand for rails was confined largely to the low-priced Issues, such its St. Louis Southwestern, Missouri Pacific snd Texss Pacific. Special activity In Wa bash was bssed on a report of the earn ings. men were st the annual rate of 1 is a share. Mexican Petroleum, movinr within a radius of nearly 6 points, was up 4H points today, but Studebaker. Chand.er and some of the other speculative favor ites showed little change. cail money opened and renewed at 4 V per cent, the highest renewal rat alnce July 3. but It dropped progressively to SH per cent, the closing quotation. Re cent f.uctuations In the rate have been attributed to the seasonal demand for funds In the agricultural sections. Time money remained quiet, HO to 90-day ma- urltles being quoted st 4 to 4 per cent with a slightly higher quotation for lorn running into next year. Dealings n commercial paper were moderate. roreign exchanges were Improved In one. but business was still restricted ss result or cahle congestion. Demand sterling waa half a point higher than yesterday with advances of 2 to 10 points in the continental rstes. German marks touched the accent low level of IIS cents a hundred. but advanced sharply ater upon the eceit of quota lions In foreign centers. CLOSING STOCK QUOTATIONS. Furnished by the Overbeck sV Cooke company of Portland: Greene Cananea.' Miulf S Steel Mllen Alden Houston Oi! Hupp Motor"..... Ills Cent Inspiration Int Asrr Cor com do pfd ....... Interboro do pfd Inter Callahan.. Int Harvester... do pfd Int Merc Marine. do pf.l Int Nickel Int 1'aper. ...... do pM ... Invincibe Oil... Island Oil Jewel Tea . K C Southern... do pfd Kelly-Spe-fld ... Kennecott ...... Keystone Tire .. Lack Steel ..... Lee Tire . LehiKh Valley . Ixirlllard Loew Theaters... L N Mex Seaboard .. 31 ax we II Motr A do B May Stores ,. Mex Pet .... Miami Mid States OI Midvale Steel M K T do pfd .... Mont Power .... l.lOO 311s 314 1.200 40 3's T.tliHI HO, Ml4 100 30 SOS SOU 81x HO 'j 53 S 35 S 'sow "17' " "xi" "466 iiv" ioli Vino "is "in 3.100 4S 8S 400 N '. t S S00 lll'a 109t "1.200 'is' "ii's 2.400 6d 64 H 2.IIOO IS 17lt S.S0O 57 S !!!!! 'iols ',' 2.800 "s ""206 SB's ' 2t "700 4s ih'i 2.100 ans 4,roo Hs "Va I.400 7 77 Alio 27 i 2714 2.400 ee s "s'oi "i3v 30 silt 73 ltf 108 40 4 81x 37 1 4 814 14 "4 65 S 17. 5 85 13 '4 XEW LOW ItECORD FOR SEA' SOX. IS REACHED. Slow Export Demand Proves Fac tor in Decline; Primary Re- 1 ceipts Top Iiast Year. 43S 30 i 8Vs 78 27 0014 102 15 210 1.12S 132S 132 2. .Mill 23 200 5.1 '4 200 1 s 100 12714 24.100 170 22 V. f.5 R51 1 8 H 1 8 i 12li 127S 171V4 AT.- 8.SOO 1.2O0 13 OOO 1.700 41111 12 34 S 18S 43 "lii, 34 18 4314 ' 3(K) 100 200 98 7 2 7 26 X. 10. 73 50 V 3.100 1S3S. 76 T04 !b'i" 30 4 29 S 44 10 7-4 66 Is 41 Tli no 100 ilont Ward 24.1M.O Mo Pse l.lioo 23 S do pfd 2.400 571s M Ht P A S 8 M Marland Oil , 300 Shi Martin A Perry..' SoO 2H Nat Enamel .... 1.8O0 3m Nat Lead 1"0 loo Nevada Con .... 100 16 "4 New Haven 2.801 -31'4 Norfolk & W ... 4110 llO1 Nor Pac 3.200 Nova Scotia stel N Y Air Brake N Y Central 8.000 Nor Am l.lOO tikla Prod ref... 200 Ontario Silver .. 2O0 Ontario & W..1 Otis Steel , Pacific DcY Pac Gas 4 Elec. 1.400 Punta Air ire ... 4 000 Pacific Oil .. Pan At Pet ...13.200 uo 1. ......... 1 . M Penna 2. 10O Peo Gas 200 Pere Marquette. 1.200 Pure Oil 2.400 Phillips Pete ... 700 Pierce Arrow .. 400 Pierce Oil 400 Pitts Cosl 4.500 Pitta West Va 1.500 Penn Sea steel .. 14. noo Prsd Steel Car.. Pullman ....... Ra v Cons ...... Reading Reploa-ie Steel .. Republic 1 a 8.. do pfd ....... Rep Motors Royal Dutch Oil. Ry Steel Spg ... Stand Oil Ken.. Sars Roebuck . Shattuck. Aril.. Shell T T Sinclair Stand OH Ind . . do N J Sloes Shef So Pac So Ry Stand Oil Cal St L 4 S F. . . Strom Carb . . Studebaker ... wlft & Co... Ten Cop & Ch.. Texas Oil Texas Pac Tex Pac O St O. Tob Prod - Tran Crit OH.. Vnlon Oil Del.. I'nton Pac fnited Alloy ... I'nlted Drug ... Vn Fd Prod I'nlted Fruit 1'nlon R A- P.. TOO 64 i V S C I Pipe. .. 100 .14 ln Ret Stores.. 3.200 .14 IT S Ind Alco... 4..7O0. .". V S Rub 2.SOO 37S, 21. 71 3 41 ' 24 S 22. 56 38 23 56 100 l 31 Is 116 H2S 97 V4 74. 2s 7 26 14 10. '4 731s SO 2t 74 6Si '96" 39 43 5 10 7 65 404 7 80 CHICAGO. Auk. 11. In the absence of buying support, wheat slipped down , . , .wu iu yi ilea III ill V. . 1 L jr uccbu.u.v ' ' VI . . a 1 coucnea mis season. rne close was uo 57 4 J settled at 114lsc net decline, w-ith September 31.04H l-044 and December 3 1.04 '4 01.05. Corn lost 11c and oats eSc to Sc In provisions the outcome varied from 214c off to 1214c 3ain. Weakness In; the wheat market was most apparent during the last 30 min utes of trading, but a downward ten dency of values had been shown from the start. The fact that Liverpool quo tations failed to reflect yesterday's ad vance here counted against the bulls, and so likewise did slowness of export de mand. Bids for wheat to be exported by way of the Gulf of Mexico were so un attractive as to make it more profitable for Illinois points to forward wheat to Chicago, a circumstance which seemed likely to cause a material increase of the movement to this market. Primary re ceipts of wheat .were again in excess of last year, and arrivals from the new spring crop were reported as gradually becoming larger.. Moreover, harvesting In the northern portion of the apring crop belt was said to be making excellent progress, with yields generally good. It was officially estimated that the Canadian crop would be about 20,000,000 bushels larger than iast year, but on the other hand the estimate was 2O.O14O.OOO bushels more than theArade had expected. Corn and oats reflected the action of wheat. Dealings were almost entirety !oca 1. Provisions averaged higher, with hogs, and as a result of some export buying of meats. 29 VI 12S 34 4 IS. 431. 71 25 -4 22. 56. r,3 38 94 16. 31. 116 824 3114 27 93 S 2. T 26 H 104 u T4S T54 T0S 46. 90S 39 284 43 S 8. 7-4 63 H 40 7 80 9O0 121 4 120i 121 10O 164 ls 1 700 300 1.000 i.200 1.700 7t 32 S 72. "4" 53 70S 32 714 "aii 5. 500 10) 100 3.800 6 32 72S 81 S 4 5214 108 95 4 6 i 874 301 93 4 03 "4 M . 87 . 9' . 9's 87S 37Vi 30 14 30 4 1094 109 14 109'S 800 180 180 1704 44 . S.400 92. 92 S 2 H . 4.500 26 '4 264 264 loo 103S 30514 1044 . 4.300 31, 3114 31 "4 500 464 46 4R .11.300 124. 123 124 lo 10514 106 400 10 9 '4 fl74 464 46S 46S 33 32. 32 i 24 24 24 54 H 3314 54 13 V4 13 - 13 21 204 21 1.600 100 100 2 900 r.oo 1.000 1.10O 14.14 144 '4 143 200 3114 31 S 31 s 1.600 74 7Vi 3 34 6414 r:i 57 7?3 14714 63 33V4 6514 R3 5T 574 1011 s 1 72 '4 121 . 2 34 ... A I 8 514 ... IS. 11 20 I.AW Bid. Adams Exp .... 1.300 7s 73 77S Advance Kum .. 3.3UO 20 19 201 do pfd- ....... L6iK 33 49 S 32 Air Chm IOO 87 87 364 do pfd : K2 Ajsi Rubber ... .IOO 11, 114 11. Alaska Gold .... I ml , V S AlaaKa Juneau . 2il 1. 1 J 1 ' Allied Chem .... 21 Ml 73 - 7J 73. Aills-Chaimers . 6 Ml 544 53 5.1 do Pfd 974 Am Beet Sugar. 410 471. 46. 46V Am Bosch :m Am Can Co .... 5.100 51', do pfd Am Car St Fdy do pfd Am Cot Oil 300 26 S do pfd Am Drug 6ynd.. 800 6 Am Hde a Leto do pfd Am Ice 200 i2S 111 111 Am Int I Corp .. l.OoO 37 38 14 364 Am Linseed 33 S do pf.l 4O0 51' s 32 52 Am l.oro l.hoo 11US 1 lni4 1 1 4, do rfd no Am Saf Raxor... 2.SOO 7. 7S 74 Am Ship A Com l.n 19 17V, 17. Am Smeller .... "1 0(1 110 s 60' do pfd lwl 97 97 96 S Am Snurf IOO 139 l.ltl 13714 Am Steel Fdy .. e.oiMl 42 40s 41 S 2.S KO Klt. 90. IOO l!!S 1H9S 10S l'Ml .19 311 88 S S.I'Hl 122S 122's 122S 1.10 Hl, 148 14 149 2"0 147 147 147 410 91 OO. 91 IOO K'NIi IOH 1U7S 7O0 .12 30 30 '-no 17 17S 17ti 2.6U0 34 33 H 34 II014 2. ami 10214 101 s mi s 3'kl 9.1 . 9.1 93 4ii" 113. 1 1.114 1 13S 40O SIS 81 31 V. ..IW 124-s 13 S do 1st pfd IT S Smelting U S Steel--. . . do pfd .... Irtah Copper Va Chem do pfd Vanad Steel Vivandou Wabash do A pfd . . do a prd .... Wells Fargo . . West PRC do pfd Weet Union . . . Westghse A B. , Wghse BAM. West Md White Motors .. Willys-Overland . do Pfd Wilson Pack ... Wis Cent "Woolworth Worth Pump . . . W 4 L K White Oil White Eagle Ol IOO 1034 103V4 lo.l 40 SOO 1 1004 100T. 200 119S 1104 HO 200 6.14 654 654 100 . 1,200 ! T .SO0 .14.700 . mo 200 210 100 62 49 i34 344 2.14 814 19 61 62 48 S "is" 2.14 81 19 61 2714 62 48 114 .134 34 214 81 19 60 14 300 1094 10914 109 94 SOO 200 200 7 soo XOiifl 10.400 OOO IOO 1.300 61 S 12. 47S 38. 471 49 14 714 61 14 114 47 ' .74 164 43 494 14 74 614 114 ii 6V4 .18 45 30 17T 494 14 74 2514 The Chicago grain letter received yes terday by the Overbeck & Cooke com pany of Portland follows: Wheat All deliveries sold at a new low- for the season today after a mod erate showing of strength early. There waT some bullish news in evidence early with the Canadian crop estimate of 820. 000,000 bushels about 20.000.000 bushels less than the trade expected, although it compared with 300,000.000 bushels har vested last year. . Those whd bought early went out of their holdings later and the undertone waa heavy toward the last. However, we note some change In sentiment among traders who have been very bear ish of late, and feel that It would not be good policy to take the selling side on the declines from the present level, as any change In the character of the news might cause a covering movement. Ex port demand slow, due partly to a great delay in cables. The movement prom ises to be greatly curtailed, as the out look for a settlement of the rail strike is less promising and the labor troubles are .increasing. Minneapolis reported 122 cars of new wheat there today. corn A hile railing to get into new ground prices averased lower and senti ment is as bearish as it possibly can be. Apparently coarse grains have no friends at the present time, although it is un derstood that practically all of the corn in store nere is now so d for shipment. which might result in tightness in the oepiemoer. ijrop reports, on the whole are ravorabla. Oats Sold at a new level for the sea eon and closed about the inside figures. Canadian crop estimated at 510.000.000 against 426. 000. OOO harvested last year Rye Lower with wheat, trade not large. northwestern movement large but good part or It hedged some time ago. . Leading futures ranged as follows: WHEAT. Open. High. Low. Close Sept ..11.054 I1.0HS 11.04-4 .1.044 Dec. .. l.oi! 1.06V4 1.0414 104 May ... 1.104 1 11 1.094' 1.094 CORN. Sept. .. .394 .5914 .584 ."i8H Dec 54 .54. .53V. . 534 May ... .5754 .575, .56, .56. OATS. Sept. .. .314 .314 .31 .3 Dec. .. .344 .344 .334 ..334 May ... .37 v. 37 54 .374 .3714 LARD. Sept. ...10.80 10.80 10.75 10.80 Oct. 10.87 10.85 10.85 SHORT RIBS. 10.10 9.93 Sept. . . Oct. ... 10.05 8.40 Money. Silver, T.U. NEW YORK. Aug. 11. Call money, easier: high. 44 per cent; low. 84 per cent: ruling rate. 44 per cent: closing bid, SS per cent; offered at 4 per cent: last loan. SS per cent; call loans against acceptance. 4 per cent; -time loans, firmer; mixed collateral, 60 and 90 days. 4 W4 ' per cent: four to six months, 41iM4 per cent:. .prime commercial pa per, 404W per cent. Foreign kar sliver. n84c Mexican dollars. 52 Sc. LONDON, Aug. '11. Bar silver. S4d" per ounce. Money delayed. LilM-rty Bond Quotations. Liberty bond and Victory loan quota tions furnished by the Overbeck 4 Cooke company of Portland: Open. High. T.OW. Close. 101.O4) 101.00 100.92 100.92 .' 101.00 100.38 10LIR 101.36 101.16 101.26 IOO 30- IOO .14 loo 50 100.54 .100.54 10O.58 100.50 100.52 HAIRY PKOIHTE 117. I"lt li3 IOI. l S l"l nn 961 09 lull,, HO IOO I OA 1 1 t IMS 99 l"A4 101 s f OO 4. 1"! S 102 12 V 103 CHICAGO. Aug 11 Butter higher; creamery extras. 32Sc: flrs-s. 28?',Sc sec -ids. 2S27e. etsndsrds. S2'-e " Kg Cnchanged: r -ceipts. 8203 cases SEATTLE. Aug. unchanged. 11- Butter and eggs Am Sugar no pt'i Am Sumatra ... Am Te Ar Tel. . . Am Tobacco . . .. do "IV Am Wool do pld Amn W p pfd. . Am zinc Anaconda Ass.1 1 il Atch.son do pfd Atl Coast Line . All Gulf W I. Bald v. in Loco .. do pfd Balto Ohio ... 2.3O0 do pfd 100 B.irns.lel Corp . 2.o.l Beth Steel B ... 1.70O Hoot n Flail . . B R T Butte C Z. Butt 4 Sup . Burns Bros . . Caddo Oil Calif Parking illll l et do pfd Canadian Pac Cen I-ath-r . Cerro de Pasco.. 400 30 I tin Textile handler Motor. 4.i:mi 58 S 6.1. 31 S 78 (4 51 S 8.1 .HI 774 1.900 IOO 5i 23 S 7 V 20'. 26 7i SOS 5O0 136 1 I3S i in 700 U3. Tim 37 20 OO I. IOO 142S 141 700 .19. 3i 1 1 112 57 61 SO. 78 S 234 7V. 30 116S 10 s 10S 2. 824 36 s 5- 90 90 141 Liberty S4 . do 1st 4s . do 2d 4s do 1st 4 4s do 2d 4K.S do 3d 44 do 4tb 4Ss .101.18 101.34 101.18 101.24 Csllable 1323 Victory 4.s ..100 30 1O0.30 IOO 4.8 IOO48 do 3s ...100.86 100.88 1110 84 100.84 Swift St Co, Stocks. Closing price of Swift 4 Co. stocks at Chicago were reported by the Overbeck 4 Cooka company of Portland as follows: Swift 4 Co. 1034 Swift international 20S Libby. McNeil 4 Libby 2 do new vsi -iP 7. National Leather .. lining Stacks at Boston. Mining stock quotations at Boston fur nished by the Overbeck Sc Cooke com pany ot x-oriiana: Chso A Chco i;t w... do pfl Chin Cop Cb.i-10 C M Sf P do pf l Coco C!a ..... C 4 O , Colo F 4 1 Coio Soul hern . . Col C.s 4 F.iec, Colimhla Graph. .ss. tiis 8.I.IMI 411 Soil S.IHH 41111 2 200 2.710 1 000 3.000 lio 410 3,610 Aon 10 s 59 S 87V. S-, 21 . 2 2 . 30S 32 4ft S4 70 77S 29. 49 96 S 39 70O 121 :4 3' 10S 57 S 86 s S . 21 Is 29 31 . 49 69 16'. 29. 491, 4 as sss 311 10s 59 t64 8. 21 29. 31. 48. 69 " 764. 29 S 49 S k6 s 34 1..HK) 1. .1111 AIM! .I0 7.700 " 400 44 43. 97 84 S 2S 13H ,11.1 2.SOO 28 s 4.1 S 43 96 14 83 V 90 7, i.i' ' 84 23 S 8sr Market. NEW YORK. Aur 11 Raw centrifnaal. 5Vr; refined fine lated. TtfT lOc. HAM r-RAVCrsCO. Aug. 11 aia Hawaiian raw sugar. a.S6c aiigar. granu- llfor- Cons Cigars do pr.l Contl Can 700 77 H 76 Cnlea S-c Bank Corn Prod 2.700 1144 114 do pfd Cosden Oil C R I P do "A" pfd... do "B" pfd. . . Crucible do pfl ....... Cuba Cane lo pfd Cuban Am Sug.. Iel 4 Hudson. . I tome Mines..... Del 4 I-ark Davison Chem... trndtrott John. . . Erie l.sno do 1st pfd l.oon Elec Stor Bty... 4w Fam Players 2.100 I t-n i v a tin pi'i 0",i ,. 0,1 Flsk Tire 100 12S 12S Gen Cigars Oen F. IOO 1T9 170 Gen Motor 5.200 1.14 IS Gen Motor 1O0 SIS 81 S Gen Asphalt .2'0 70 K 6a v Goodrich 700 85 84 i 121. 121V, 3 47V. l.lOO 3.1S 3.1 V4 7oo 133 'i 11?. 17 4 27 S 46 1, 84', 17S 26 S 46 V, 83 ' Fnd Artxona Commercial 9S Adventure 50 Aliouess 23 Arcadian Ss Bingham Mtninga 141.. Calumet 4 Arizona 60 Catumet 4 Hecla ....'. 29.1 Copper Range 43 Davis Daly 7S East Butte 10. Frsnklin Mining 2S Island Creek 107 do pfd 94 Kekeenaw 2V4 Kerr Lake 3. Lake Copper 4S T K. He . . . ill- f Michigan .................. 2S Aiason auey 1 , North Butte 12's Nipisslng 5, North Lake 30 Old Dom Copper ........... 25 S Osceoia Alining ............ 36 S OJibway ;4 Utilncy Mining 434 Pond Creek 22 Isle Royal 24 'j South Lake 46 Supp Boston 14 United Shoe Machinery 40 v io pfd 26 . South I'tah 3 Superior 44 Shattuck 9S Trinity , 2 1-16 Tuolumne 70 L'tah Metals is I'tah Con 24 United State Mining 41 do pfd . 48S Utah Apex 2. V-ntura 29. Victoria ,'. 1. Winona I1. Wolverine US Wyandot 60 Shannon 80 Ask. Vi 80 26 3. 14. 81 8'0 434 8 11 24 1071. 95 Cash prices were: Wheat No. 2 red. I1.09 1.094 : No. 2 nam, si.iit 1. ius. corn .No. 2 mixed, bl Vi 4B1 14c: No. 2 yellow. 624 63c. . Oats No.' 2 white. 32S34c: No. 8 white. SlVie34e. ttve io. a, 4W704C. Barley 53c. Timothy seed $4 2.1 5. Clover seed 112'fflo. Pork Nominal. Lard 10 85 Ribs fi9.75e 10.75. ' Chicago Grain Pit Notee. (By Chicago Tribune Leased Wire.) CHICAGO. Aug. 11. -Canadian govern ment report estimates the wheat yield at 20,000.000 bushels more than In 1921. but showed 20.000.000 bushels less than trade expectations. Wheat crop in the prairie provinces Is estimated ' at 29S, 000.000 bushels and oats 305.000,000.' Last year wheat was 280.000.000 bushels and oats 2s4.000.0tl0 bushels. One of the largest operators In Omaha wired that farmers w4te lea anxious to ell wheat and were stacking. Minneapolis received 100 cars new spring and 29 cars new durum -wheat, also two cars Texas winter, today. Four states. North Dakota. Minnesota. Wisconsin sna Michidan lead in rye production. Their aggregate crop is 62, 752.0OO bushels out of the total of 79, UOO.OOO bushels for the country. Last year they raised 32.5S7.O00 bushels out of a SS.OOO.OOO-bushel crop. Since the opening of navigation .nearly 50.OOO.000 bushels of grain have been shipped to Europe -from Montreal, or about 24. 000. OOO bushels in excess of last year. Total clearance for 1921 were 138.433.000 bushels, the largest through any port In North America. . Minneapolis Grain Market. Furnished by the McCaull-Dinsmore company of Portland: Wheat Old No. 1 dark northern SI. 404 41. 524 : No. 1 dark northern 11.23V, 61. 354. to arrive Jl. 20141 No. 1 northern 1 1. 1 8 "4 O 1.30V.. to -ax-rive II.IAV.; old No. 2 dark northern 15V4 J? 1 31114: No. 2 dark northern $1.18V4 1.30; No. 2 northern, Jl. 14 V4 0 1.26 14 ; old No. 3 dark northern. J1.30 iff 1.47 V4 ; No. 3 dark northern. J1 1 4 v. 1.2614 ; No. 3 northern. SI. 104 tr 1.20 14 ; No. 1 dark hard Montana. Jl.lS V4 1.25 '4 . to ar rive J 1.154 if 1.20 V4 : No. 1 hard Mon tana. J1.05S 01.101. 1 No. 1 dark hard Minnesota and South Dakota, J1.14V4&1 1.1V, to arrive J1.1314: No. 1 hard Min nesota and South Dakota, J1.0414 1.0814. to arrive JI03V4: fancy No. 1 amber Durum, $1.07 '4 1.09 V4, to arrive 994c J1.02V4: No. 1 amber Durum, 97V. 99V4c to arrive 97 Vic; No 1 Durum. 92 Vt fr944e, to arrive 92V.c:- fancy No. 2 amber Durum. Jl.OaVi (S 1.074 : No 2 amber Durum. 94 14 97 Vic; No. 2 Du- Women control a large per centage of Portland property. This organization offers them a personal financial service, a direct business contact between client and principal. IN Miiltnomah county approximately 43 per cent of those who pay taxes in excess of $5,000 are women, or estates formed as . holding companies for the property of ' ;-' women. V , , ' ' ' This organization specializes in the care of women's property, and also their other in- e.v, vestments. It ofFers them a personal fi nancial service, a direct business contact be- i tween client and principal. Its management - C has brought profit to its clients. ' Your care of my affairs is ifruly appreci ated in that you have been so kind and obli ging in every way and seemed to "take a per sonal interest in them,,, a well known Port land woman was good enough to write us, voluntarily. Women who have property and other in vestments and who desire to be relieved of the details. and cares of their management are cordially invited to consult with this firm There will be no obligation to employ us. Strong & MacNaughton CORBETT BUILDING gJJ PORTLAND, OREGON Investment and Property Man-. agers for Estates and Individuals tals; barley, 2025 centals: corn, 100 cen tals; potatoes. 791 sacks': onions, 28 sacks; hay, 260 tons; hides, 2620; lemons and oranges, 900 boxes. Hay and grain, unchanged. Kansas City Grain Market. KANSAS CITY, Mo.. Aug. 11. Cash wrteat No. 2 tfark hard, $1.071.17; No. 2 red, J1.011.02. Corn TJnchanged; No. 2 white, 54c; No. 2 yellow, 58c. Hay Unchanged. Seattle Grain Market. SEATTLE. Aug. 11. Wheat Hard white, J1.20; soft white, western white, hard red winter. $1.09; soft red winter. northern spring-, wi-Cft; western red, $1.07 Big Bend bluestem, $1.20. EUROPE EXPORTS DROP - -t. .- DECREASE IS $1,000,000,000 FROM PREVIOUS YEAR. Shipments to South America Show Falling Off of $300, 000,000, Says Report. WOOi MARKET' REMAINS STEADY Xeniand of Fair Proportions and Prices Are Generally Jlrtn. BOSTON, Aug. 11. The Commercial Bulletin tomorrow will say: ' The wool market keeps steady In spite of all the adverse factors affecting bust ness at'the moment, especially the strikes and the tariff. Demand has been of fair proportions and prices are generally firm. Uttle business Is reported from the west, "The goods market appears to be fairly healthy and the prospects at the moment seem to favor higher prices for goods unless wages are lowered in the wool manufacturing plants." WALL STREET CONFIDENT END OF LABOR DEADLOCK IS HELD ASSURED. Day's. 1'irinnc'ss in Stock Market i Supplemented by Recovery in European Exchange. ii 2 134 5's 50 4 4 21 -'S;S 4S 1H 40 26', 10 4 11 24 75 H 3 42 49 2 30 12 75 90 Coffee. Market Rallies. NEW YORK. Aue 11. A further de cline of 2 to 5 points In the market for coffee futures at the opening- today was followed by rallies on coverine-. which may hare been promoted by rather a more optimistic view of the European situation. The reneral market closed net 2 points lower to 3 points higher. Sales were esti mated at 44.000 bats. September, S 2Sc; October. 22c; December, .20c: January, 9 19c; March, 8 19c; May, B.20c; July S 19c Spot eoffej was reported in rather bet ter demand with prices unchanged to 10ffloc rer Rio 7 and liao to like 44 ! rum. 89 fe-".c. 7 7H 1 11.1V lin 4.1, 45 !.5 83 'i4 92. -', 15 S '-' 12 33 132 ,47H ...'i, 17S 2s 41V. 53 U'S 7a 171 I3a 01 9U ii c tor fiaatoa aa. Corn No. 2 yellow. Aftiac: So. 3 yel low, 55.c. ats No. 2 white. 27!29e; No. J while. 27 28c. Barley Choice: 5052c. Rye 70c; to arrive. 68c. Piaa No. 1. .2.43V9 4I2 45VS; to ar rive. .32lj. Wheat futures September. Sl.08: December. Il l I S- Cttfh t.rain Markets. Furnished by Jordan, Went worth Co., Co.. PortlsnJ. CHICAGO. Aug. 1 1 Wheat No. 2 red. $1.07 ft 1.118 W ; No. 2 hard. $1.091.10; No. 3 hard. H.OSSl.OO Corn No. 2 mixed. 5H. 5Hic: No. 3 mixed. Hlc: No. 2 yellow, 2tj45f63c; No. 3 yellow. 61662c; No. 4 yellow, 81o; No. 2 white, 62c. Oats No. 2 white. 32HJ'33c. KANSAS CITT, Aug. 1 1. Wheat No. 2 red. 31.02; No. 3 red. 1; No. 2 hard, 11.01 1.17; No. 3 hard. 88r.S1.18. Corn No. 2 mixed, 54c; No. 2 yellow, 58c; No. 2 white. 54c. MINNEAPOLIS. Aug. 11. Wheat No. 1 dark Montana. S1.15U 1.25 1 dark northern, i 1.23 ' 1 .85 ij ; No. oarK nortnern, l l O I 30 V, : No. northern, f 1.1814 Gi.30: No. 2 northern. s 1.14 it q i.-o'a . Corn No. 2 yellow. JrtffSflic. Oata No. 2 white, 27 s 29 c. Pl'LUTH, I2.47W-. Aug. 11. Flax, J2.S214 Itnluth Flax Market. DULU7H. Aug. 11. Flaxseed Sep tember. e2 82li bid; October, J2.26 bid; November, $2.25 asked: December. $2.1 s! Kan Francisco Grain Market, SAN FRANCISCO. Ana-. 11. Receipts: Flour, 230 quarter sacks; wheat, 2410 cen- BT ALEXANDER DANA NOTES. (By Chicago Tribune Leased Wire.) NEW YORK, Aug. 11. All financial markets opened and closed today with out knowledge of what decision had been reached at the conference of railway managers. That( the . president's plan for submitting te the railway labor board the status of returning strikers would in some form be accepted, the predominant. belief. The stock market displayed a good deal ot passive strength. But the rail way, shares hardly changed at all In price, and the advances which occurred in a few industrial stocks were merely speculative movements following the line of least resistance. The essential fact was the total ab sence of such pressure of sales as might- logically havewcome with apprehension of complications and disagreements which would Indefinitely prolong the ex isting situation. But this has been the characteristic phenomenon of the mar kets ever since the labor controversy reached its crisis. If it was deemed par ticularly significant today, that was be cause the overnight news of the break ing away from discipline by western trainmen at various points, without orders from the union, had seemed to provide material for fresh ureasinesa. It did not appear to have had any such reault. . For the day at any rate, financial Judgment evidently rested on the con siderations that the labor deadlock must be regarded as a whole;' that it is clearly in the interest of all parties to terminste it; that the struggle in the coal trade is in manifest course of set tlement, and that the rest must logically follow. The day's firmness in the stock mar ket was supplemented by a distinct re covery in European exchange, led by the rate on Paris, which reached the highest. J figure since Tuesday. This was a nt-JS ural result ol the caoiea news mat me French and English conferees at Lon don were still seeking ground for united action. The German mark did not re cover. " Metal Market. , NEW YORK. Aug. 11. Copper, steady; electrolytic spot and nearby, 14c; later, 1414lc Tin, easy; spat and nearby, 32c; fu tures, 32.12c Iron, steady; prices unchanged. Lead, steady; spot, 5.755.80c. Zinc, steady ; East St. Louis, spot and nearby delivery. 6.25?6.35c . - , Antimony, spot, 6.25c WASHINGTON, D. C., Aug. 11. Ex ports to Europe during the fiscal year ended June 30 were more than $1,000, 000.000 below the previous year and ship ments to South America showed a decline of more than $300,000,000. the commerce department announced today'in a foreign trade report. Exports to Europe during the year ag gregated $2,267,000,000, compared with $3,408,0OO,OO0i during the previous year. Imports totaled $830,000,000, against $938,000,000 during 1921. Exports to South America for. the year aggregated $191,000,000, compared with $523,000,000 during the- previous 12 months. Imports totaled $289,000,000, against $485,000,000 for the fiscal year 1921. Exports to Europe for the month of June aggregated $186,000,000, compared with $178,000,000 during June a year ago. Imports totaled $76,000,000, against $55. 000,000 in June, 1921. June shipments to South America to taled $21,000,000, against $17,000,000 in the same month a year ago. Imports ag gregated $29,000,000, compared with $19. 00.000 in June, 1921. Traue of the United states in exports and imports by principal countries for the fiscal year 1921'. as compared witn the previous year, follows: France Exports $231,000,000. against 1433,000.000; Imports $140,000,000, against $150,000,000. Germany Exports J3no.uuo.ouu,- against $302,000,000; imports $9G,000,000, against $91,000,000. . Italy Exports $138,000,000. against $302.0O0000; Imports $61,000,000, against $59,000,000. Great Britain Kxports S44.ii.uiu, against $1,325,000,000: Imports $270,000. 000. ajrainst $328,000,000. China Exports aioi.uuu.utiu. against $138,000,000; imports $109,000,000, agajnst $113,000,000. JaDan Exports $249,000,000. against $189,000,000; imports $308,000,000, against $253,000,000. Central America Exports 44,tai,uuu. against $76,000,000; imports $31,000,000, against $50,000,000. Mexico Exports $138,000,000, against $267,000,000; imports $123,000,000. againsf $4 20.000.000. Dominican republic Exports $11,000, 0O0, against $32,000,000; imports $7,000. 000. against $20.000.0. Areenf.ina Exports S80.000.000. asrainst $201,000,000; imports $61,000,000, against $124,000,000. Braxil Exports S3o.vuo.nuo. against $ 129.00O.I H10 ; imports $100,000,000, against $148,000,000. Chile Exports ? 1 1 .iiou.uihi, against $"0,000.01 0; imports $39,000,000, . against $78,000,000. Colombia fcxporis 5 I n.iiuu.iiij. , against $33,000,000; imports $41,000,000, against S40.O0O.000. Peru Exports $12,000,000. against $43.- 000,000; imports $14,000,000, against $41.- 000.000. ITrueuav Exports S1O.0O0.000. against $23,000,000; imports $12,000,000. against $18,000,000. Venezuela Exports $8,000,000, against $17,000,000; imports $12,000,000, against $12,000,000. Russia in Kurope exports el4.ouu.oou, against $1 i.ouo.oou; imports z-',uuu, against $1,000,000. Canada Exports $545,000,000, against $789,000,000; imports $308,000,000, against $529,000,000. . Belgium Exports $103,000,000, against $184,000,000; imports $43,000,000, against $42,000,000. Spain Exports s,ooo.ooo, against 118.000.000; imports $27,1X10,000, against $32,000,000. ' ' Ecuador Kxports J4.uou,000. against 000,000; imports : $6,000,000, against $9,000,000. fected. .With-the outcome of the indus trial controversies in doubt, different interests .are disinclined to undertake new important commitments, the dispo sition being to defer aggressive action, and not a few trantractions are prevented by the obstacles' of restricted production and retarded shipments. Inability to ' secure needed material in regular chan nels leads to the seefting of new sources of supply in some instances with the placing of orders of an emergency char acter and premiums frequently rule where there is any advantage on deliv eries. Weekly bank clearings. $5,825,393.000. COTTON EXPERIENCES ADVANCE Trade Interests Buy Heavily and Cause Sharp Rise in Prices, (By Chicago Tribune Leased Wlre.l NEW YORK, Aug. 11. Trade inter ests buying heavily in cotton caused a shar-p rise In prices today. The force of this buying carried the active months above 21c. This represents, an advance of more than $5 a bale in the last two days. , Strength aad activity continued in the latter dealings and October options closed 105 point higher on the day, and the rest of the list up 31 to 45 points net. Spot steady, 45 points advance, 21.40c for middling upland. Southern markets were: Galveston 21.40, 40 points advance; iew Orleans 21.13. 38 points advance; Savannah 20.75. 50 points advance: Augusta 21.13. 50 points, advance; Memphis 21.50. un changed; Houston 21.20, 35 points ad vance; Little-Rock 21.50, unchanged. NEW YORK, Aus 11. Cotton futures closed barely steady. October, 21.15; December, -21.16; January, 21; March, 21.04; May, 20.95. NEW YORK, Aug. 11. Cotton. steady; middling. 21.40. spot. Dried Fruits In New York. NEW YORK. Aug. 1 1. Evaporated apples dull. easy. Prunes waiting. Peaches STRIKES RESTRAINING 1 ACTIVITIES Transactions ' Prevented by Retarded Shipments, Says Dun's. NEW TORK, Aug. 11. Dun's tomor row will say: The uncertainties of the labor situa tion, continuing for still another week, have not unnaturally imposed further restraint on business? activities. .Various encouraging features that would other wise attain prominence are overshadowed by existing ' strikes, which compel wide attention and sentiment unfavorably af - Due. Yield. 8,000 City of Top- penish,- Wash., L-. I. D 1924-27 7 3,500 City of Grass ' Valley. Or.. . R. F 1924-29 5.50 3,500 City of Grass Valley, - Or.. Water 1923-29 5.50 5.000 City of - Aber deen, Wash., L,. I. D. Sewer. 1923 5.50 6,000 City of Aber deen, Wash. ..1934 5.50 6,000 City of Aber deen. Wash. ..1925 5.50 5,000 Port of .New port, Or 11 Mo. 5.00 5,000 Citv of Rose burjr. Or.. Imp.. 1930 4 3.000 Warm Springs Irrigation ....1930 6.00 2.000 Citv of Port land Water 1937 4.00 15.000 Umatilla Co.. . School 6s 1942 5.00 20,000 Malheu r Co.. ' School 5 i4s ...1942 5.00 5,000 Bingham Co.. Ida.. School 6s. 1932 o 10,000 Canyon Co.. Ida., Schl. 5.H.1.1930 5V4 15,000 Clearwater Co., Ida., Schl. 5's.l931-38 54 18,000 Custer Co., Ida., School 6s .1932-41 54- 5,000 Idaho Co., Ida School 6s 1931,- 5(4 5,000 Jefferson Co., Ida., School 6s. 1932-35 5 14,500 North Fork Highway, Ida., 5s 1935-36 514 10,000 Payette High way Dist. No. 2. 6s 1940 54 10,000 P ro v i n c e of Ontario 6s 1923 5.00 STOCKS 10 Portland Gas & Coke, ire pfd. at 98.60 10 Portland Ry. L-t. & Pwr, 1st prior pfd.. at 95.00 50A)bers Bros. Milling Co.. pfd 82.50 50 Albers Bros. Milling Co., com 55.00 50 Oregon Pulp & Paper Co.. com 112.00 Phone or wire orders collect. Broadway 7964. (i. B. HARRI.TO' CO.. I . S. National Bank Bide. RALPH A. BLANCHARD A Co.. IXC. U. S. STni'I. Bank BIdg., Portland.