tiie mornixg oregoxiaisy Tuesday, august -.22,. joss 20 Re HEADS LOCAL Tl Meeting of Merchants Ex change Association. WHEAT MARKET FIRMER Advances of Two to Four Cents in Bids Posted Offerings by 4 Farmers Are Small. Frank E. Ryer. manager of the Ryer Grain company, was erected president of the Merchants Excnange association at the annual meeting of the association yesterday. T. A. Rises, of the Vollmer Clearwater company, was chosen vice president; R. S. McCarl, of the Portland Flouring Mills company, secretary-treasurer, and A. M. Chrystall. of Balfour Guthrie & Co.. and H. A. Martin of Kerr, Gifford & Co., directors. The wheat market had a firmer tone yesterday and bids wer 2 to 4 cents higher at the exchange. Offers in the open market were near the closing level of last week afld the demand continued limited. Offerings by farmers were also mall. No further changes in flour prices were announced by mills. Stocks of old. flour are light and command a premium over new crop flour. The Chicago wire to the Gray-Rosen-br.um Grain company, follows: "Some Improvement export business started shorts covering and good rally was had to which " market entitled. European conditions, how ever, remain discouraging. Liverpool market is very weak because of pcor demand and free offerings. Diffi cult to anticipate anything but tem porary rallies from shorts covering. Pres sure from country too heavy for rela tively light demand." "Argentina and Canada have offered wheat freely abroad and foreigners have no trouble in supplying all their de mands, Argentina continues to ship more freely than has been expected, says the market letter of the J. Roeenbaum Grain company. "Until the foreign sltua t on improves it is questionable whether Importers will take hold in a manner that might be indicative of a final change. European crop advices were rather unfavorable and with European requirements estimated to exceed those of last year, export buying sooner or leter will become a factor. "Wheat has a thoroughly liquidated appearance and, although current con ditions may not be conducive to stim ulating investment buying, it is well to bear in mind that present values dis count much, if not all, that is unfavor able to values. Stocks in New York show a good tone and business conditions are much better than they were last year. Eventually the situation will develop features that should prove favorable to higher prices. December wheat around $1 per bushel is on debatable ground with advantage in favor of buyers. September wheat at Liverpool closed 4d lower at 8s lOd and December SVid lower at 8s lOd. World shipments of wheat and flour last week were 12,913.000 bushels against 13.713.000 bushels last year. Terminal receipts, in cars, were re ported by the Merchants Exchange as follows: Portland Wht. Bry. Fir. C. o Hay Monday .... i5 .. 7 10 3 1 10 3 125 60 1 31 13 6 211 125 Year ago. . .. 310 1 6B 59 3 201 330 I sea. to date L'o. Year ago.. ..4658 Tacoma Saturday 29 Year ago 7S Sa. to date 758 Tear ago... 1226 Seattle Saturday ... ft Year ago. . . 21 8a. to date 829 Tear ago... 701 295 1U3 1 1 45 60 9 15 137 172 11 9 358 269 1 18 16 1 K7 29 1 21! 8 227 BUTTER CONSUMPTION 18 LARGER Baring Stimulated by Lowfr Prices and Market Closes Firmer. The eastern butter markets were firm throughout the week. Since July 1 the storing demand has not been sufficient to take care of the receipts not needed for consumption. Because of the large stocks already in storage and the rela tive undesirabillty of July butter for stor ing, it then became a question of increas ing the demand for consumption to a point where it would absorb the receipts so that there would be no surplus on the street. This necessitated lower prices and the lower prices in turn widened the outlets, both for consumption and stor age. At the same time, receipts gradual ly became lighter and it was evident that at some point the consumptive demand would absorb the supply of fresh butter. This point was apparently reached when the prices reached a low point for the season. Since then prices have gradually climbed, stocks have cleaned up well, and the tone of the market was firm. Dur. ing the week fancy butter was very scarce due to lighter receipts and poor quality. The hot weather has cut production and reduced the quality of butter and later receipts will probably show more of this condition; however. undergrades were well cleaned up at the close of th week The strike is probably causing some delay in shipments of both cream and butter, and this Is another factor producing poor butter. Some export In quiry and a small order for sweet butter caused a speculative demand, especially at Kew Tork. but prices climbed a little too fast, however, for many orders. At San Francisco the loss of 3c the previous week was partially regained when prices advanced 2 He from Friday to Friday. Prices have fluctuated in this manner during the past seven weeks and P2 score closed at Sc. the exact price on June 30. Receipts this year for the above seven weeks snows a loss of 373.000 pounds. This decrease in receipts is thought to be due to larger quantities of butter being shipped direct from the creameries to the south this year. Last year many more cars were made up a: San Francisco and shipped to Los An geles The principal change in the mar ket during the past week was the accumulation- of undergrades and a corre sponding easier tone. Top grades were steady to firm and well cleaned up at the end of the week. ENGLISH WHEAT CROP REDUCED Output of Barley and Oats Also Lighter Than Last Year. The production of wheat In England snd Wales for 1922 is estimated by the Heavy Springs 22c Immediate Shipment. Cheeks by Return Mall. THE SAVINAR CO., INC. lOO Front St., Portland. Or. INTELLIGENT PRODUCE MARKETING You will get higher returns for your produce if you will use our new methods before shipping any product to market. Write I'm at Once. We W ill Be Pleased to Tell Yon Rove RUBY & CO.. 169 FRONT STREET I PORTLAND OH. GRASfJ IE BOARD J British ministry of agriculture to be j $3. 040.000 bushels from an area of 1.- J Jyh&.OOO acres, according to a cablegram ; 'from the London representative of the j United states department of agriculture. ( .This estimate is C.7oG,000 bushels less) than the estimated production last year. The area sown to barley "was reported as 1.3t:!,o00 acres and the yield as 40. 720,000 bushels, compared with 42,472,000 bushels last year. The oats area was given as S.1S1.0OO acres and oats pro duction as 74.320.0OO. bushels, compared, with 80.2G4.000 bushels last year. Wheat Visible Increased. The American wheat visible supply statement compares as follows: Bushels. Increase. Aug. 21, 1022 27.910.000 Aug. 22. 1121 28.3o2.000 Aue. 23. 1U20 10 447 000 1,304,000 W02.OOO t5S,000 9.074,000 ,41U,000 I Aug. 25, 11UW 48.938.0M Aug. at, 118 42.178.UOO Decrease. The coarse grain visible compares: Bushels- Increase. Aug. 21. 1922 Corn.. 8.115,000 Auk. 22, 1922 Corn.. 9,909,000 Aug. 21. 1!22 Oats. .37.011. 000 Aug. 21. 1921 Oats. . 52,S3.0tH Aug. 21. 11122 Rye.... 3.564.0OO Aug. 22, 1921 Rve.... 3.325.000 Aug. 21. 1922 Brly. . . WMl.UuO Aug. 22. 1921 Brly... 2.6S5.000 319.000 2.620.000 424,000 5.2BS.000 1,237,000 481.000 05.000 232,000 Decrease. Eggs Two Cents Higher. A 2-cent advance in the selling price of eggs was announced by the Pacific Co-operative Poultry Producers yester day. Receipts are much redueed and the market has been gaining in strength for some time past. Butter was steady with top grades in limited supply. Poultry and dressed meat arrivals were light and prices were steady and unchanged. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland $5,740,014.19 $l.ffK3.S6S.T.'S Seattle K.219,122.00 1.057.4SS.00 Spokane 1,919.129.00 30,951. 0O Tacoiua transactions. 2,225.000.00 PORTLAND MARKET QUOTATIONS Grain. Flour, Feed, Etc. Merchants Exchange, noon session. -Bid- Wheat Aug Sept. Oct. $ 1.07 1.07 1.07 1.07 1.07 1.02 Hard white $ I'M' $ 1.07 1.07 l.7 1.07 1.07 .02 31.00 30.00 28.00 27.00 28.50 Soft white 1 07 White club J.07 Hard white 1.07 Northern spring.... 1.07 Red Walla 1.02 Oats No. 2 while feed... 32.00 No. 2 gray 31.00 Barley Brewing 29.00 Standard feed 27. 50 Corn No. E. Y shipment. 28.50 31.00 30.00 28.00 27.00 28.50 FLOUR Family patents. 17.20 per bbi.: whole wheat, $6.6U; graham, 18.40; bakers' hard wheat. 7 40; bakers- slue stein patents. $7.20; valley bakers'. $5.90; straight, $5.30. M1LLFEED Prices f. o. b. mill: Mill run, ton lots. (31; middlings, 43: rolled barley. $3638; rolled oats. $44; scratch feed, $48 per ton. CORN White. $37: cracked. $39 per ton. HAT Buying price f. o. b. Portland: Alfalfa. J1S1S.50 per otn: cheat. $15; oats and vetch. $17; clover. $18; valley timothy. $18; eastern Oregon timothy. &20&21. Butter and Country Produce. BUTTER Cubes, extras. S738c lb.: prints, parchment wrapped, box lots, 44c; cartons, 45c. Buttertat, 44c delivered; station buying price, A grade, 42c. EGGS Buying price: Current receipts, 22G2-23C dozen; henneries, 25&2ttc dozen. Jobbing prices: Case count. 2324c: candled ranch, 27c: selects, 20c: associa tion selects. 31c: association browns, 3lc; association firsts, 29c; association pul lets, 26c. CHEESE Tillamook triplets, price to jobbers, f. o. b. Tillamook, 26c; Young Americas, 27c; longhorns, 27c pound. POULTRY Hens. 13&22c lb.; springs. 20'n23c; ducks, 15a2-c; geese, nominal; turkeys, nominal VEAL, fancy, 151c per pound. PORK Fancy. 1717VaC per pound. Fruits and Vegetables. Local Jobbing quotations: FRUITS Oranges, Valencias. $8.00 10.50 per box; lemons. $78.50; grape fruit, S box; bananas. Sio-Hisc pound: cantaloupes, $22.50 crate; peaches, 50c z$l.25 per box; plums, $1.0og'1.25 box; watermelons, 1 U 1 1 Vi c per pound; ca sabas, 2fc4d3c lb.; pears, 3.00&'3.3.j; olackberrtes, $2-2.25 per crate: grapes. $2.503.50 per box; apples, 75c$3.25 box. POTATOES New, 224c per pound; sweet potatoes, 444C per pound. ONIONS Walla Walla. $1.50 4f 1.75 per sack. VEGETABLES Cabbage. 2&2c xper pound; lettuce. $2.50 crate; garMc, 10c per pound; green peppers. 10 12c per pound; tomatoes 50Src per crate; cu cumbers, 50&60c per box; beans, 6&'Sc per pound; green corn, 30c dozen; egg plant, 7&9c pound; summer squash, 5c per pound. Staple Groceries. Local jobbing quotations: SUGAR (sack basis) Cane, granulated, 7.80c pound; beet, 7.60c per pound. NUTS Walnuts. 1535c per pound: Brazil nuts. 1 7 g) llc ; aimonds. 21s&i 26c: peanuts. lOUfllc per pound. RICE Blue Rose. 7c per pound; Japan style. ts.lvoiiti.Zdc per pound. CuKFiSK Roasted, bulk, in drums, 2U 39c per pound. SALT Granulated, bales. $2.603.65; half ground, tons. 50s. $17: 100s. $16. URIEL) FRUITS Dates. 14c pound: figs, $1.902.75 per box; apples, 15c per pound; peacnes, lbc; prunes, lfffibc. J31&AN.S small, white. av.c: pink. 6c bayou. 6Wc; red, 6c; lima. 11c per pound. Provisions. Local lobbing quotations: HAMS All sizes, 26cp37c per pound; cAintied, 88c; picnic, 18c; cottage roll. 15 cper pound. BACON Fancy, 39 45c; choice. 29 84c: standards. 24(&27c. LARD Pure, tierces, 144c per pound; compound, tierces. 14c. DRV SALT Backs. 200 33c: plates. Is cents. Hides, lions. Etc. HIDES Salted 'hides, under 45 pounds, giSOe: salted bides, over 45 pounds. 7 8c: green hides under 45 pounds, 7 C'8c; green hides, 45 pounds, ogowc; salted bulls, 6(7c; green bulls, 5&6c; talted or green calf, under 15 pounds. 12&13c; salted or green kip. 16 to 30 TMunds. 9(&)10c; hair slipped hides and ikins, half price; flint dry hides. 114P 12c; flint dry calf, under 7 pounds. ll12c; dry salted hides, 89c; culls and damaged, half price. Green or salt ed horse hides, $23 each; colt skins, C0c(&$l each; dry horse, 75c$1.25 each. PELTS Dry sheep pelts, long wool, 3820c; dry sheep pelts, short wool, 9 30c: dry sheep pelts, pieces, U10c; dry sheep shearlings, no value; salted pelts, long wool, each, $1.50(2; salted pelts. hort wotil. each. 75c&!$l; salt spring lamb pelts, each, 75c$l; salted shear .ings, each, 10&20c; salted goats, long balr, each, $1(2; salted goats, short aair. each, 50c$j$l; dry goats, long hair, per pound. 10&)12c; dry goats, short hair, each, 25G)50c; goat shearlings, each, 10 26 cents. TALLOW No. 1, 65c: No. 2. 4t4 6c or pound; grease, 3H4c per pound. CASCARA BARK. New peel, 6Vjc per pound: old peel, i "ac per pound. OREGON GRAPE Grape root. 6c per pound. HOPS 1922 contracts. 15c per pound. IVOOL Eastern Oregon, 20 30c per pound: valley wool, fine and half-blood, 3035c: three-eighths biood. 3032c; ouarter-blood, 2527c; low quarter and braid. 2022c: matted. 1618c. MOHAIR Long staple, auto 32c. deliv ered Portland; short staple, 2527c; burry. 20 & 25c per pound. GRAIN BAGS Car lots. 9 He, coast. Oils. LINSEED OIL Raw, in barrels. $1.10; 5-gallon cans, $1.25; boiled in barrels, $1.12: 5-gallon cans. $1.27. TURPENTINE In drums, $1.50; five gallon cans. $1.65. WHITE LEAD 100-pound kegs. 12 He 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 carlots and are based on orders that have been negotiated: Prevailing Flooring High. Low. Price. 1x4 No. 2 VG $54.00 $48.00 $51.00 1x4 No. 3 VG . 41.00 40i00" 1x4 No. 2 & B, SG.. 3S.0O 34.00 34.00 1x6 No. 2 & B, SG . . 3S.0O 37.00 Finish No. 2 and better 1x8 10-inch 58.50 56.00 Casing and base. .. . 65.50 63.00 ..... Ceiling Hx4 No. 2 & B 37.00 33.00 35.00 34.0S 1x4 No. 2 & B .' 38.00 Drop Siding 1x6 No. 2 & B 40.00 1x6 No. 3 35.50 Boards and S L No 1 lx8-10-inch SIS... 16.50 lxl2-lnch 15.00 dimension No. IS- E 2x4 12-14 1S.50 L'lanks, small timber 4x4 12-16 S 4 S 19.50 3x10-12 12-16 S S. 19.00 Timbers. 32 ft. and unde: 6x6-8x10 3 4 S 22.00 1 .at h - 36.00 33.50 12.50 14.50 15.00 15.50 13.50 17.50 16.50 17.00 20.00 4.00 1 Fir ....- .. C75 S LIFTS WHEAT EFFECT OF LIVERPOOL BREAK IS OVERCOME. Chicago Market Strong at Close of Session; Improvements in Export Business'. CHICAGO. Aug. 21. Covering by shorts late in the session today over came an early decline in wheat prices here caused by neavy continental liqui dation at Liverpool and brought about a rally which carried values above yes terday's finish. New low records for the season were touched early, but the Inside figures were not maintained. The close was strong with values ranging from 14 to 1 cents higher, with Sep tember $1.00 'to $1.01 and December $1.02 to $1.02V4. Corn was up 14c, oats gained He and c and provisions were unchanged to 30 cents lower. The market at Liverpool was said to be overstocked because of heavy shipments from this side of the Atlantic and slack demand for their nearby wheat. Wheat there dropped 13M. to 17H cents from the close on August 8, compared with a decline of about 5 to 6 cents here in the same period- Chicago traders, however, believe that the readjustment, between the two markets has been completed. Exporters are reported to have taken 700,000 bushels of wheat from Chicago and a good export buslivess was said to have been put through at the seaboard. Sentiment was rather mixed at the last. - Corn showed remarkable resistance to selling pressure and while lower early rallied quickly and closed firm. Short covering found offerings small on the way up. Unfavorable crop reports from a wielp territory had some effect on the market, soaking rains being needed in many parts of the corn belt. Oats fol lowed corn. Liquidation was ,pn in September lard and with support coming mainly from shorts, the range in provisions was gen erally lower. The Chicago grain letter received yes- lorHuv hv tho n.nrWIr Jh- fnnkA Cn of J Portland follows: Wheat. The strength displayed today was rather surprising In view of the ev treme weakness in Liverpool and was attributable to the development of an oversold condition rather than to any change in supply and demand conditions. About the only thing that could be said in favor of the market was that hedg ing pressure from the northwest was less conspicuous than for the past week or ten days. No doubt the decline in Liverpool was due largely to financial unsettlement abroad, although cable ad vices blamed it on large shipments from North America. The on-passage state ment, however, decreased more than 3.000,000 bushels last week, with the total now 19.000.000 under last year. Cash wheat was in good demand in most markets at higher prices The end of the rail strike, which seems not far dis tant, will in all probability be followed by an Influx of grain which will over whelm buyers, unless there is a radical improvement in the export demand and at this time nothing of the sort is in sight. Corn. Started weak and lower, but met support of much the same charac ter as wheat and prices rallied when shorts started to cover. News was col orless aside from some complaints of irreparable damage due to recent hot, dry weather. These complaints came from parts of Ohio, Illinois. Nebraska and Kansas. Increased receipts must be expected from time to time following upturns in the market, but no burden some movement is expected and if de mand continues as at present it is not hard to see where the cash position might develop considerable strength. Oats. Followed the upturn in corn in a small way. - The feature was the buying of December bythe interior, pre sumably in the way of covering- short contracts. Cash handlers report country offerings to arrive light. The Increase In the visible supply was unimportant. Rye. Buying by cash and seaboard in terest imparted strength to futures, more than offsetting hedging pressure from the northwest. The visible supply showed an Increase of 1.237,000 for the week. Cash prices steady. Leading futures ranged as follows: WHEAT. Open. Hikh. Low. Close. Sept. $ .97 $ 1.01 $ .97 $ 1.00 Dec. . 1.00 1.02H 1.00 1.02 May . 1.04 107 1.07 1.07 CORN. Sept. . .58H .59 .58H .59V4 Dec . -5S6 .59 .58 'i .nupp May .. .56 .57 .56 .57 OATS. Sept. Dec. May .30 .32 .36 .10.45 .10.57 .81 .33 .37 LARD. 10.45 10.57 .30 .32 .36 10.17 10.25 .31 .33 .37 Sept. Oct- 10.20 10.25 SHORT RIBS. Sept Oct Cash prices were: Wheat No. 2 red. $1.00 9.75 9.40 pl.01; No. 2 hard. $1.01 H 1 -03M. Corn No. 2 mixed, 6061Hc; No. 2 yellow. 61 V4 62c. Oats .No. z wnite, aihiooc; i u. white. 3032c. Rye No. 2. 89Vi69c. Barley SI'S'SSc. Timothy seed $4.25ig5. Clover seed $1216. Pork Nominal. Lard $10.27. Ribs $9.50(910.85. Chicago Grain Pit Notes. (By Chicago Tribune Leased Wire.) CHICAGO. Aug. 21. N. B. Updike of Omaha, after a 350-mile trip in Ne braska, wired that he estimated the damage done to corn in that state by hot and dry weather at 20 per cent. Some damage is being ydone north of the Platte river. Shock threshing of wheat is practically over. Threshing returns to the Northwestern railroad from Minnesota show a yield of spring wheat ranging from 15 to 23 bushels per acre; barley. 24 to 50 bush els; oats, 22 to 70 bushels and rye, 20 to 46 bushels. In South Dakota yields of wheat range from 10 to 32 bushels; barley. 15 to 48 bushels; oats, 20 to 50 bushels, and rye, 10 to 27 bushels per acre. "Continued dry weather has nearly ruined corn over a large territory," wired LeOount to Stein, Alstein & Co.. from Webster. S. D. "Corn seen today will not make over 25 per cent of j a crop. Threshing of spring wheat- will be fin ished in ten days. Returns exceed early expectations." Corn and cotton need rain all over the Santa Fe railroad's territory, despite xhowers over the southern section last week. Farmers in Oklahoma are dis posed to hold their wheat, although more is being sold than the railroads can haul. Kansas is selling freely. Many eleva tors are filled and cars cannot be fur nished in sufficient numbers to move out the grain. Corn stocks in Chicago are down to 1.224,000 bushels, the lowest In months. while recently they were more than 11. 000.000 bushels. The visible, which was recently the largest in years, is down to 8.115.000 bushels, as compared with 9, 909,000 bushels last year. These figures do pot appeal to the average opera tor, who believes that there is not much on the buying side, should wheat decline. A seaboard exporter wired that the break in Liverpool probably was due to prospects ot India removing export re strictions on wheat. Another had it that a stronger market for exchange and lower ocean rates were one of the causes for the break there. Houses with Omaha connections were large buyers of wheat and corn, on the break today, said to be covering by shorts. One of the largest local opera tors also was a big buyer of short wheat and corn. Lake rates, which recently were 1 cents a ousnei ior wneat ana corn to Buffalo, were down to '2 cents today. Prospects are for better supplies of coal at lower prices. The bulk of the August business has been provided for and the sates recently made are easily cared for, as there is a larger supply of boats. This is temporary, as boats soon will be wanted to move wheat and rye from Dur luth and wheat from Fort Williams. Minneapolis Grain Market. Furnished by the McCaull-Dinsmore Company of Portland: Wheat No. 1 dark northern good to fancy to arrive. $1.13 1.21 ; No. 1 dark northern. S1.14H 01.21 ; to arrive. $1.11; No. 1 northern, $1.09 1.14 ; to arrive. Jl.Ott; o. 2 dark northern. $1.11 1.1 ; "No. 2 northern $1.08 1.11; No. 3 dark northern, $1.06 115; No. 3 northern, $1.02 1.08 : No. 1 dark hard Montana, good to fancy to arrive. f 1 .itfc : No. 1 dark hard Montana. $1.11 0-1.21 ; to arrive. $1.10; No. 1 hard Montana, $1.00 !,a.a arrive, 98c$1.01; fancy No. 1 amber durum, $1.00 1.03H : to arrive, 94 &98c; No. 1 amber durum. 90 95c; to arrive. 87 c; No. 1 amber durum. 8289c; to arrive. 80c; fancy No. 2 amber durum. S$1.01: No. 2 amber durum, S7 93c; No. 2 durum, 79 3I86C.' Corn No. 2 yellow. 57i557, to arrive, ofic; No. 3 yellow, 5656; to arrive, 55 cents. Oats No. 2 white. 2830c; No. ,3 white. 27(g29c; to arrive, 27c. Barley Choice fancy, 464Sc; medium good, 42045C , Rye No. 2. 54 65c; to arrive, 63c. Flax No. 1. $2.29 2.30 : to arrive. $2.24. Wheat Futures Sept.. $1.03; Dec, $1.02 ; May. $1.07. Cash Grain Markets. Furnished by Jordan-Wentworth & Co.. Portland. KANSAS CITY, Aug. 21. Wheat: No. 2 red 98c. No. 3 red 95c. No. 2 hard 98c. Corn No. 2 yellow 68c, No. 3 white 52c. ST. LOUIS. Aug. 21. Wheat: No. 2 red $1.10. No. 3 red $1.03 1.06, . No. 1 hard $1.13. Corn No. 2 mixed 5759c. No. 2 yellow 6O60c. No. 3 yellow 5959c, No. 2 white 6060c. Oats No. 2 white, 3232c. OMAHA, Aug. 21. Wheat: No. 2 hard 92c$1.05. No. 3 hard 91c$1.09. Corn No. 2 white 51 52c. No. 2 yellow 5354c, No. 3 yellow 5959e, No. 2 mixed 5757c. Grain at San Francisco. SAN FRANCISCO, Aug. 21. Wheat: Milling. $1.801.85: feed. $1.801.85. Barley Feed, $1.151.20; shipping, $1 251.S5. Oats Red feed. $1.601.75. Corn White Egyptian, nominal. Hay Wheat. 1017; fair, $131.'; tame oats. $1410; wild oats. $1012; alfalfa. $1315; stock, $911: straw, nominal. Seattle Grain Market. SEATTLE, Aug. 21. Wheat: Hard white, soft white, western white, hard red winter, soft red winter, northern spring. $1.05; western red, $1.03; Big Bend bluestem, $1.20. Primary Receipts. CHICAGO, Aug. 21. Primary receipts: Wheat 2,424.000 bushels versus 2.966,000 bushels, corn 982,000 bushels versus 1. 550.000 bushels, oats 1,377,000 bushels vs. 1.302,000 bushels. Shipments: Wheat 2,074,000 bushels versus 2,682,000 bushels, corn 855.000 bushels versus 677,000 bushels, oats 1,057,000 bushels versus 636.000 bushels. Clearances: Wheat 2,120,000 bushels, corn 381.000 bushels, oats 75,000 bushels, flour 45,000 barrels. Duluth Flax-Market. DULUTH, Aug. 27. Flaxseed. Septem ber, $2.27 bid; October. $2.21 asked; No. 4, $2.21 asked; December, $2.17 asked. Winnipeg Wheat Futures. .,'LIN!S'IPEG- A"S- 21. Wheat. October. $1.00; December, 98c; May, $1.03. QUOTATIONS ON DAIRY PRODUCE Current Market Ruling on Cheese and Eggs. Butter, SAN FRANCISCO a 01 , Bureau of Agricultural Economics.) But- ter, extras. 42c; prime firsts. 41c; firsts. 40c. Eggs, extras, firsts, nominal: 36c; extra firsts, 34c; extra pullets, 28c; un- derslzed pullets. No 1 uu. Cheese, California flat fancy, 22c; Call lunua nat rancy firsts, 19c, Young NEW YORK, Au7 21. Butter, firm creamery higher than extras. 3637c ..,. ooc; nrsts, S235c; packing ow-n. -uiiciii. mane, in o. , jftc. . SS. steady; fresh gathered extra liiats, ..ibiic; iirsEs, i'42c; New Jer sey hennery whites extra fancy candied selection, 57c; do. uncandled extras. 48 53c; state nearby and nearby western hennery whites firsts to extras, 35g-47c; do. hennery browns extras, 3440c; state and nearby g-athered browns and mixed colors firsts to extras, 2532c; Pacific coast whites, extras, 4446c; do. firsts to extra firsts, 3443c. Cheese. -firm; state, whole milk, fresh specials, 21'2lc; average run, 20 20c; state, whole milk twins, stocks exhausted. CHICAGO, Aug. 21. Butter, firm; creamery, extras. 34 c; firsts, 294 31c; extra firsts, 31 Va 33 c; seconds, 27 -ou , oid.iiuo.i tia, -J?iC. Egga, unchanged ; cases; firsts; 22 Jy23. 20 21c; miscellaneous, age packed firsts, 23 H receipts', 17,614 Ordinary firsts, 2122c; stor- 5 24c. SEATTLE, Aug. 21. Eggs. Puget Sound select ranch, 30c; mixed colors 28c; pullets, 2223c. Butter, city creamery in cubes, 43c; bricks or prints, 44c. Coffee Futures Advance. NEW YORK, Aug. 21. The market for coffee futures opened at an advance of 4 to 5 points and made moderate ad ditional gains during the day on reports that early flowerings in Sao Paulo were less favorable than expected and talk of a steadier tone in the cost and freight marKet. last prices were at-the best, showing net advances of 8 to lO points. Sales were estimated at about 29.000 bags. September, 9.34c; October, 9.3oc; December and January, 9.36c; March, 9.37c; May, 9.33c; July, 9.31c. Spot coffee steady; Rio 7s 97c; Santos, 4s 14&14c. Dried ITruit at New York. NEW TORK, jyug. 21. Evaporated ap ples, quiet; state, 1719c. Prunes waiting; California, 6U18sc; Oregons, 1 2 18c. Apricots, easy; choice, 26!4 27,c; ex tra choice, 2829c; fancy, 31c. Peaches, dull; choice, 12Va14c; ex tra choice, 14(&15c; fancy, lttV218c. Raisins, steady ; loose ijuscatels, 15 IS'-ic; choice to fancy, seeded, 12J,14c; seedless, 1519c. Chicago Potato 3Iarket. CHICAGO. Aug. 21. Potatoes firm on whites, steady on reds; receipts, 32 cars; total United States shipments, 709 cars; Nebraska sacked early Ohios, Jl 1. 10 cut.; Minnesota sacked early Ohios, 1 1 . 15 cwt. ; Wisconsin sacked -cobblers, n.351.00 cwt. Oregon Banking and Bond New. The last mile or railroad on the Port land, Astoria & Pacific line connecting Wilkesboro with a point beyond Keasey, and opening up a big timber area back of Vernonia, was completed Saturday, according to W. O. Galaway, vice-president of the Washington County bank t Banks, who was in Portland yesterday. This road, 'which passes through Mr. Galaway's town, will do much - to de velop the country, he said. The timber properly of the Central Coal & Coke company will be developed rapidly by its owners and the -logs or manufactured products will pass out through Banks and wilkesboro to tne maraeis. The lumber industry has been bring ing more prosperity to the Coos Bay district than has been experienced in a long time, according to Fred Holiister, director of the Kirst National bank of North Bend, who spent some time in this city yesterday. He reported that mills in his section of the state were running to capacity and that orders now on the books are sufficient to in sure operation for several months. After having been absent for more than a week as a member of the Port land caravan which toured the state in behalf of the 1925 exposition. Charles H Stewart, vice-president of the North western National bank, returned to his duties yesterday. Mr. Stewart Is par ticularly interested in the agricultural and livestock ends of the banking busi ness and gained much first-hand infor mation relative to conditions of this character while en route with the fair boosters. ' . With the Idea or gaining direct in formation relative to conditions in the Grays Harbor country. R. S. Howard, vice-president of the Ladd .& Tilton bank, will leave tomorrow for Aber deen. H will go by automobile with a partyvof friends. Dean G. Witter and George L,eib. vice presidents of the firm of Blyth Witter & Co.. are in Portland on bond business. Roy J. Baker of the Citizens bank of Grass Valley, was in Portland yesterday and called upon officers of the United States National bank. A. C. Shute. president of the Shute Savings bank of Hilisboro, was in Port land yesterday and spent a few hours visiting with officials of the local banks. J. 15. Roes, cashier of the Farmers A Merchants bank of CoqulUe. was in Portland yesterday. - I qiinw TRFNCTH RAILWAY SHARES SCORE NOTABLE ADVANCES. Several in Group Go to Highest JPoint for Year Day's Trans actions Unusually Large. - BY ALEXANDER PANA NOTES. (By Chicago Tribune Leased Wire.) NEW YORK, Aug. 21. Beyond the statement by tie chief of the engineers' brotherhood that there would be no "sympathetic" strike of transportation workers, there was no new development in the railway labor situation over Sun day. Nevertheless, the advance In the railway shares on the stock exchange today was more emphatic than on any day since the labor crisis became acute. This advance, which ranged from 1 to 34 points in the active railway shares, might perhaps have been ascribed merely to the recovery from depression caused by previous apprehension of a general railway strike. But this would hardly account for the actual movement, for the reason that a considerable number of the shares in that group went today to the highest prices of the year. Further more, the day's total transactions were the largest since June 21, when the per formance in Mexican Petroleum stirred the whole market to violent activity. Considering that the negotiations with railway labor are not, yet completed, the market's action may be described as .at least a strong expression of financial opinion regarding the outcome of the matter. Presumably the further infer ence would have to be drawn as to financial onlninn -on the domestic busi ness position after the labor troubles J and the fuel shortage have been, cleared away. Other stocks followed the rise in rail way shares, though at a respectful dis tance and probably with a good many realizing sales on the basis of the recent rise in the industrial part of the market. BALDWIX AT YEAR'S HIGH POINT Activity of Stock Due Mainly to Pool Operations. (By Chicago Tribune Leased Wire.) NEW SfORK, Aug. 21- The activity of Baldwin Locomotive, due mainly to pool operations, carried that stock to a ntLW high record for 1022 to date. The movement started shortly after Wall street received the news that the company has just obtained another order for 13 locomotives for the Union Pacifio railroad, the contract calling for the expenditure of about $900,000. In ad dition, it was learned that the company new has unfilled orders on its books amounting to about $16,000,000, which is the largest report since the spring of last year. Other equipment companies also have been receiving large orders during recent months. American Loco motive, Lima Locomotive, Railway Steel Spring and Pressed Steel Car all gained ground today, some of them selling the highest of the year. Something new under the sun in "Wall street Is a pool in bonds, but it is a fact that two or three of them are now at work taking advantage, of the steadiness of the market and the continued demand for investment securities. Reports which have been received in the financial district from corporations engaged in selling farm equipment and other necessities of the agricultural in dustry have proved surprisingly good, particularly since the first day of August. With Canadian exchange at per cent discount, it is proving a surprise to bank ers here to see gold still being forwarded by London to New York. Rene Leon, manager of the bullion division of the Guaranty Trust company of New York, today made the following comment: "The cost of shipping gold from England to America being approximately per cent, it would be quite simple for Great Gritain to retain the yellow metal within the borders of the empire by lodging and ear-marking gold in the Bank of Eng land for account of the Canadian gov ernment, which would in turn issue its notes against this metal and sell Cana dian exchange for the equivalent of the notes issued. Any exchange sold at per cent .discount or better would not only show a profit to the Canadian gov ernment, but obviate the necessity of sending gold outside of the British im perial limits. Figures compiled by one of the leading sugar refiners on the holdings of sugars in Europe would suggest to the trade at least that a very good demand from abroad may be expected over most. of the year. Out of six countries from which reports have been received, the stocks of sugar are smaller than last year with the exception of France and Holland, both small sugar users, fcwhere the stocks are larger. STATE DEBTS ARE , $1,071,506,981 Per Capita Liability $10.18, Says Survey of Bank of American NEW YORK, Aug. 21. The state gov ernments of the United States have a total bonded debt of $1,071,506,981, or $10.18 per capita, according to a survey made public tonight by the Bank of America. New York has the largest In dividual state debt, totaling $267,784,000, but its per capita debt of S15.07 is com paratively low. South Dakota has the largest per capita aeor,, $ a.u, wniie Kansas, Kentucky, Nebraska and Wis consin have no bonded indebtedness. The present per capita state debt is approximately the same as the per cap ita federal debt of $10.60 in 1913. The present public debt of the federal govern ment is $23,022,000,000, or approximately $226 per capita. Standard Oil Stocks. Standard Oil stocks furnished by the Overbeck & Cooke company of Portland; Bid. Ask. Angl 20 21 Borne Scrysmtr 400 415 Buckeye . . . , 97 !: CheeseWough 100 200 do pfd 108 111 'Continental 137 142 Crescent 34 35 Cumberland ....137 142 Euieka 90 92 Galena 51 53 do old pfd . .los 112 do new pfd 101 105 Illinois Pipe 165 1S Indiana Pipe 90 92 National Transit 20 27 N Y Transit 163 -167 Northern Pipe 99 101 Ohio Oil - 290 294 International Pete 2- 23 Penn Mex . 20 30 Prairie Oil 5S5 595 Prairie Pipe 255 260 Solar Refg 335 34ft Southern Pipe 94 96 South Penn Oil 213 21 S W Penn Oil 60 62 S O Ind 115 116 do Kansas 525 510 do Kentucky 97 & 98 do N. Y 450 455 do Ohio 455 460 do pfd .117 119 Swan & Finch . .-- 32 35 Vacuum . .475 480 Washington 22 27 S O Neb 575 55 Imperial Oil 115 117 SAN l-RANCISCO PRODUCE MARKET Prices Current on Vegetables. Fresh Fruits, Etc., at Buy City. SAN FRANCISCO, Aug. 21. Poultry: Fryers, 32 35c: broilers. 28 32c; young roosters, 3S42c; old, 1418c; hens, 1432c; ducks, lS20c; 1-ive turkeys, 32f55c; dressed, nominal; hares, pound, 1315c; squabs, dozen, $3.003.50; jack rabbits, dozen, $2.00 2. 50. Fruit Pears, Bartlett, box. $1.00)2.00; apples, new green, 75c$1.25; apples, 3A to 4fc tier, $1.002.00; cantaloupes, standard crate, 00c$1.00; oranges. Va lencias. $6.00 11.00; lemons, $4.00 6.50; nectarines, crate, $1.00)1.50; grapefruit, $tf.007.50; strawberries, drawer 45 60c; raspberries, drawer, 5060c; black berries, drawer, 2025c; loganberries, crate, $1.50; avocadoes, dozen, $4.00 7.00; figs, double layer box. $1.251.50; peaches, crate, o08oc; plums, orate, oOc $1.00; grapes, crate, $1.00 1.75; apri cots, pound, nominal; Persian melons, crate, $1.00 1.50; watermelons, pound, lc and less. Vegetables Beans, pound, 2 7c; car rots, sack, 75c$1.0O; celery, crate, $2.50 3.00; cucumbers, lug. 4075c; egg piant. 34c; lettuce, crate, $1.001.25; onions, Stockton red, cwt., $1.2o1.40; yellow, cwt., $1.401.65; green, $1.25 1.50; bell peppers, .-lug, 75c$1.2a; new potatoes, pound, l2c; sweet potatoes, 45ic; rhubarb, box, $1.001.25; squash, summer, lug. 75c$1.25; spinach,, pound, 34c; turnips, sack, 7oc$1.00; parsley, dozen bunches, 30c: radishes, dozen bunches. 30c . only; beets, sack, $1.00 1.25. Receipts Flour. 5806 qrs. ; wheat, 4125 ctls. ; barley, 37,785 ctls.; corn, 4000 ctls. ; potatoes, 2767 sacks; onions, 1334 sacks; bay. 410 tons; hides, 127; lemons and oranges, "450 -boxes. Hops at New York. NEW TORK, Aug. 21. Hops, dull; states and Pacific coast 1921, 1721c; do. 1920, 1617c. Your Sound eal The element of safety is an outstanding fea ture of sound First Mortgage Real Estate bonds. For the conservative buyer no better investment could be had. s The Wells Fargo Building offers excellent security for the serial bonds which we now offer. It is a 12-story fireproof building located in the heart of Portland's financial and business district,, -This bond has satis factorily passed the rigid tests to which every security is subjected before Blyth, Witter & Co. makes offering to its clients, and is heartily recom mended to investors. Price Par to Yield 6.50 Call, write or telephone for details of the issue. SAN FRANCISCO NEW YORK CHICAGO LOS ANGELES SEATTLE PORTLAND HOE PRICES CIHE IiOCAIi MARKET LOWER WITH LAKGE RECEIPTS. Cattle Also Weak and Cows Quar ter Cheaper Choice Valley Lambs Advanced. The run of stock at the local yards over Sunday amounted to 118 loads, of which IS- loads of hogs and sheep were on contract and four loads of cattle and sheep went througn. The supply on the market was suffi cient for an active day's business. Hogs were weakened by the large run and the regular market top was reduced to $12.50, as against $13.25 at the close ol U The? cattle market was also dPre8.sed. Steers held at the Ota range l h--. but cows sold 25c lower. Calves, on tne other hand, were !n small supply and quotations were raised 50c. The sheep and lamb rets. steady to firm with valley lambs o0o higher than last week c-lves Receipts were 2111 cattle, -H canes, 2704 hogs and 2261 sheep. The day's sales were as follows. woht. Pricel Weight. Price 100 $11.2.1 steers 902 270 11.75 23 steers 1234 3 steers 12"0 21 steers 927 11 steers 886 3 steers 986 27 steers 940 8 steers 1050 24 steers 930 30 steers 935 21 steers 1114 1 steer. 9"0 32 steers 93 8 steers 986 3 steers 1053 18 steers 1031 1 steer. 1031 16 steers 1043 17 steers 1067 18 steers 1047 30 steers 1009 15 steers 1090 21 steers 1079 20 steers 1 1 28 steers 1033 27 steers 1053 5 steers 878 27 steers 877 18 steers 1005 7.5MII i nuie, . . 7 35 33 hogs. n.noi 7 hogs. 5.251 12 hogs. 5ol 3 hogs. K 25! 15 hogs. 14 1S ion 1S3 IBS ss B4 67 SO B0 OS 12.25 12.25 12.35 12 00 12 50 fl.Ofl 6 00 9.00 B 00 8.00 8.00 1 0 50 10.50 10.00 6.75 10 lambs r. ool 41 iambs 6.00 40 Iambs 4 lambs fit mha mbs 7 00 "C 5S iiimbs r.ooi lambs TOO 0 lambs fiO lambs 90 lambs 4 ti Bl Bl 81 SB 85 SB - 88 7B 03 S3 07 SB sr. 115 127 118 110 110 133 101 70 103 so 97 95 108 135 108 117 115 00 8B 120 500 7.00 9.00 9 00 BOO 9.50 7.25 7.50 7 50 8.25 5.00 7. BO 7.50 8.0O 4.00 7 lambs 10 lambs 7 lambs 85 yearl. 4 yearl. 3 yearl. 09 yearl. 1 5 yearl. 47 yearl. 13 yearl. 4 yearl. 6 yearl 10 yearl. 7 weths 14 weths 5 weths 1 weth. 5 weths 30 weths 6 ewes. 7.fiO 7.75 R.25 7.75 S.25I 7.001 B.7R B.85I B.00I fi.OOl 6.001 4.00 4.oo 5.001 3.351 4.751 8.00 8 cows H'i.t 8 cows. 18 cows. 1 cow . 12 cows. 2 cows. 1 cow. . 7 cows. 4 cows. 2 cows. 6 cows. 2 cows. 2 cows. 4 cows. 1 row .. 1073 1082 000 014 1300 1410 1014 112S 020 SRS 005 8R0 020 fi.nol 5.001 5.00! 5.501 1 ewe. . -2" 12 ewes ' " 1 ewe. . 115 39 ewes. 4 ewes. JiD 11 ewe. ij? 2 ewes. 5"JI 7 ewes. 5.oot 00 ewes . 5 001 "s ewes! 5 fi0 73 ewes. 0.00 3 ewea. B-r0 1 buck. 5 .50 n steers fi.00 O .t.eru 081 1 cow .. 1010 29 cows. 35 cows. 27 cows. 23 cows. 1 cow .. 1030 088 085 1210 032 040 1120 843 1280 1030 050 30 730 1107 878 110 1100 1074 010 705 1015 005 1400 1440 1400 4.00 3 00 4.50 fi.25 B.25 7.50 7 25 7.50 5.00 5.50 5.50 BOO 9 cows. 10 cows. 9 cows. 10 cows. 1 cow., 27 cows. 25 cows, cow. . 1 cow., 9 cows. 22 cows. 1 cow.. 3 cows. 30 cows. 13 cows. 9 cows. 39 cows. 4 cows 1 bull. 1 bull. 1 bull. 911 5.50 ,7 steers 1180 -j steer 830 3.00! 24 steers 1031 4.501 iBte?r. 1140. 4.75I 8 steers BR3 3.00! s steers 10S2 50 1 steer. 1210 4.00 4.75 2.50 7 steers 921 2 steers 070 7.00 7.50 4.85 4.75 B.50 4.76 4.00 4.75 4.25 4.50 3.50 4.50 7.50 s.ro BOO 8.50 0 50 8 1 S..10 7.25 4.50 11 35 12.35 18 steers 1183 5.0fl 8 cows OfiN 1230 82B 117B 1020 1094 4.B0I 1 e.ow. 5.00! 14 cows. 5.20! tl cows. 4.751 3 oow.3, 5.75! 0 cows. 3.751 17 cows. 951 3.85 8 heifers 621 3.75 1 bull. . 1530 1 bull. 1570 1 stag. 1090 34 calves 287 1 cnlf.. 180 2 calves 295 2 calves 170 3.751 3 bulls. 3.501 5 calves 9.50!ss calves 12.00! 2 calves 9 .501:12 calves 9 50! 34 calves S.nol 45 calves 12.35! IB calves 9 00' 3fi calves 11 35! 1 stag.. 12.351 5 hogs. 12.35! Ilhots. 12.001 1 hog. 9.35' B hogs. 9.351 3 hogs. 10.35' 21 hogs. 11.351 2 hoes. 1 1.501' 9 hogs. 12.50194 hogs. 10.001 3 hogs. 9.00149 hogs. 12.00(41) hogs. 12. oo! 9 hogs. 12.001 1 hog. . 12 00)09 lambs 9.50199 lambs 12.25 3 yearl. 11.75! 2 yearl. 9 O0I 8 ewes. B21 38B 285 345 373 1 hog. . 44M 2R0 321 1 020 17B 10S 100 200 143 110 175 1 SB 192 1B3 159 121 307 173 B 74 133 80 81 hogs. 1 hnr- . 5 hoi,'s. n hogs. 8K hogs 5 hogs. 2 hogs. 2 hogs. 2 hogs. 11 hogs. 2 hogs . 99 hoirs. 1 hog. . 2 hogs. 24 hogs . 20 hops. 10 hogs. 6 hogs. 24 hogs. 24 hogs. 4 hops. 180 4 50 224 ISO 173 148 505. 505 305 258 235 "194 340 370 107 ' 1S1 205 10 183 183 102 12.00 12.00 12 00 12.35 12 35 12.50 12.35 12.50 12.00 12 35 12.35 9.0(1 10 50 B 50 7.00 3 hogs. 343 109 3.00 Prices ouoted yesterday at the Port land Union stockyards were as follows: Cattle Choice steers Medium to good steers Fair to medium steers Common to fair steers Choice cows and heifers. . . . Medium to good cows, heifers Fair to med. cows, heifers.. Common cows Canners ' Bulls Choice dairy calves Prime light calves Medium to light calevs .... Heavy calves 7.75(3- 8.25 7.25t 7.75 I B.25 7 25 j 4.50W B.25 1 5. now fi.00 I 4.50 w 5.00 j 3.75 4.50 , 3 25 3.75 I 1.75 3.25 j 3 00 3.75 9.50(S 10.00 9.00 9.50 8.00 0.00 4.50 8.00 Hogs - Prime light . . -12. 00 12. 50 Smooth heavy, 200 to 300 lbs. 10.50 11.50 j Smooth heavy, suo ins. up.. jii.isitoh'.." Rough heavy ............ Fat pigs Feeder pigs Stags, subject to dockage. Sheep Kast-of-mountain lambs . Choice valley lambs Medium valley -jambs .... 7.00 n.no i 12.0012.50 I ,11.5O12.00 1 0.00 9.00 ; 10.00 1 i.no ! 9. 50 10. 50 j s 00 9.00 8 Client Must SELL First mortgage bonds on Port land property. Trustee: Title & Trust Company. 500 Denominations. RALPH A. BLA.XCHABD CO., IXC. 316 I. S. Bank Bids. Bdvry. 764. Funds Are Safe irst Mortgage Estate Bonds Blyth. Witter. &. Co. GOVERNMENT- MUNICIPAL-CORPORATION BONDS FOURTH AND STARK. PORTLAND BROADWAY 0481 Common valley InmbB' fl.OOfj' 8.00 Cull" lamba , 5.00(9) 0.00 I.igrht yearlings 7 004s 8.00 Heavy vearllngrs A. no 7 00 Light wethers BOO 7.00 Heavy wethers 5.00(B) 8.00 Ewes 2.00 S.00 Chicago Livestock Market. CHICAGO. Aug. 21. (United States Department of Agriculture.) Cattle Receipts, 20.000 head; beef steers eligible to $10 or better, steady; lower grades 101.5c lower; epots off more: top 1499 Ib. steers $10.90; bulk beet steers. $9(8 10.30; she-stock steady to weak: bulls steady to 15c lower; calves mostly 50c lower; stockers and feeders strong to higher; bulk beef cows and heifers. $."(fff 7.35; canners and cutters largely $2.75 fti) 3.75; bologna bulls mostly $3.90 4. li; bulk veal calves early $1112. Hogs Receipts. 35.000 head; light weights fairly active, steady to strong; others slow, around steady with fc-ntur-day's average; bulk 100 to 190-lb. hog. $!).609.fi5: few at $!l.75; 210 to 240 pound butchers mostly $9.209.55 ; good and choice 280 to 310-pound butchers, $8.900; packing sows mostly $7g)7.50; bulk pigs around $8.50; heavy $8ccf9. 15; medium. $S.7r 9.B0 ; light. $0.250.75 ; light lights. .0.109.fi5; packing sows, smooth. $7(-7.80; packing sows rough, $B.757.25; killing piss. $8.259. Sheep Receipts. 23,000 head; mostly steady; spots on native lambs weak to 15c lower than Saturday; early sales western lambs, M2.7513 to killers; de sirable GO to 04-ib. feeders' ends. $12.50, early top native Iambs, $12.75 to city butchers, ' $12.05 t' packers; sorting light; few best light native ewes to killers, $7.50; extreme - heavy ranging down to $.50. Kanoatt City livestock Market. KANSAS CITY. Mo.. Aug. 21. (United States Department of Agriculture.) Cattle Receipts. 29.0OO head: few best fed steers and yearlings stronger-; other killing classes largely steady; best light steers $10.70; top heavies. $10.00; mixed yearlings. $10.55; choice cows. $rt.50; bulk medium to good kind. $4.25(5'5; me dium yearling 1 eifers. $8; mot grass heifers, ?."( H.5D; best vealers, $10.50 11; 400-pound baby beef. $0; canners and cutters generally $2.253.50; most bulls, $3. 25 4. Hogs Receipt?. 8000 head: fairly active: mostly 5Cn15c higher; shipper top. $9.10; packing top. $9; 180 to 210 lbs.. $S.S5 9.10; 225 to 250-pounders. $8.65(38 011; 200 to .".no-pounders. $S.30ffSS0; packing sows steady to strong; bulk. $7(g)7.25; stock pig market dull; mcstly 5c lower at 8.25 8. (15. Sheep Receipts. 4000 head; lambs strong to 25c higher: top natives, $12.85; most sorted lots, $12.25 1 2.." : sheep fullv steadv: hesr ewes S.7 : other fat lots, $06.75. 7.50 , (1 5(1 ' (150 I Omaha Livestock Market. (VR0 OMAHA. Neb., Aug. 21. (United R. 50 States Department of Agriculture.) B 00 I Hogs Receipts, sooo head; fairly active; 5 00 'steady to' 10c higher; light mixed snd 3 00 j packing grades, $7.15 (ft, 7.75 : bulk 2110 to 4.25 j 300-pound butchers, $N(&8. 90, top $9. .1.00 j Cattle Receipts, 12,00(1 head; corn fed beef steers mostly steady: top yearlings 3.001 yio.60; common and grassy grades, 10(fr J'59 j lo lower: she-stock 1025c lower; bulis i'nn ven,s about steady; stockers and . feeders steady to 15o lower. t '-n I Sheep Receipts. 5000 head; all classes J'' 1 steady; early sales lambs. $12.25 12. 50; utot ndciiia uciu mjsuer, ewes, u..u down; light feeding lambs. $12. Seattle Livestock Market. SEATTLE, Wash.. Aug. 21. Hogs Lower; receipts, 191 head; prime. $12.2512.75; smooth heavy, $1011; rough heavy, $8: pigs. $11 ft 11.50. Cattle Steady; receipts. 125 head; prime steers. 7.75S.25; medium to choice, $07; common to good, $5B; best cows and heifers, $5.50fj6: medium to choice, $44.75; common to good, $3.504; canners. $2.65; bulla, $34. COTTON' Fl'TCRKS CLOSK AT Tor Advance Due to Wall Street Covering and New Mill Demand. (By Chicago Tribune Leased Wire.) NEW YORK, Aug. 21. The cotton list reacted today after early strength, but rallied and advanced about c a pound, closing at .the top level of a day of rather active trading. The market showed about 50 points gain above the previous closincr at the rnd of the first $90,000 'Remaining of This $125,000 Issue 7 First Mortgage Serial Gold Bonds BONNE Y VIEW FARMS One of Eastern Oregon's Big Producing Ranches Security Worth Oyer $400,000 Fourteen thousand acres of deeded land, appraised at $343,000, machinery, equipment, houses, crops, etc.. and a herd of cattle whose W HOLESALE VALL E, BASh.D ON THE PRE-WAK PRICES, is $66,000. are whollv pledged to secure this, $12j,000 bond issue." The cattle are liquid assets and they alone are worth more than half as much as the entire amount of the loan. Bonnev View Farms are 25 miles east of Prineville and lines both shores of the Crooked River. For loan purposes we have depreciated the land valued to $226, OuO. and have taken no account of the value of leases held on ll.OUU acres of lands in addition. The Lumberniens Trust Company is Trustee. Mortgage and Trust Indenture provides every safeguard for bond holders. For detailed information call on, phone or write us. Bonds due 1927-32. Denom inations $100, $500, $1000. Legal for Savings Banks. Price 100 to Yield LUMBERMP1NS ROADWAY hlTTnTfflMBir'jtM1'luM":aB j hour, but by mid-day had lost nearly a!! i of this improvement. The early upturn was dun to buying for local short count, for trade interests and fir New Orleans, based on the strong Liverpool cables, the excellent showing of the HtnrK market, dry, hot weather In the south west over Sunday and the outside situ ation. Profit taking from the room trade and ring operators developed on the way up, which, coupled with th" customary southern hedge Belling, brought about the reaction. The upward tendency was resumed in the afternoon and the renewed firmness continued to the close, which found the list up 53f?55 points net. The day's new highs on the last hour came under active Wall street covering and new mill de mand. Realizing sates were well ab sorbed. Spot cotton was steady. 50 points ad vance; 23.20c for middling uplnnd. Southern spot markets: (Galveston. 22,85c. 50 points advance; New Orlean. 22.83c. 75 points advance; Savannah, 22.02c, 02 points advance; AuKiiRta, 22.88c, 38 points advance; Memphis, 22.25c, 25 points advance; Houston, 22.75c, 50 points advance; Little Rock, 21.50c, 25 points advance. NEW TORK. Aug. 21. Cotton futures opened firm. October. 22. Otic; December, 22.80c; January. 22.50c; March. 22.55c; May. 22.4c. futures closed firm. October. 22 95r ; December, 22.05c: January, 22.75c: March. 22.75c; May, 22 02c. SIBAX SltiAK Sirn-Y 1H HMAI.I, Available Supply Is Only 852.000 Tons at Present Time. The New York sugar market letter received by Overbeck &' Cooke company said: The balance of the supply available In Cuba for the remainder of the year, based on a crop of 4.000.000 tons. Is onlv 852.000 tons, according to l.amhorn fe Co. whereas at this time last, year th balance of supply available was 2.173. 0O0 tons. We favor purchases of raw futures on this break. NEW YORK. Aug. 21. Raw sugar, centrifugal. $5.11 bid; refined fine gran ulated. $rt.757. SAN FRANCISCO. Aug. 21 . Ca llfor-nia-Hawaiian raw sugar. $5.15. Metal Market. NEW YORK. Aug. 21. Copper quiet electrolytic, spot and futures. X14 Tin steady; spot and nearly 32. 7.V ; futures. 32.87c. Iron steady. No. 1 $31 (fit 33: No 2 northern, $2931. No. 1 southern, $20(, 21. Lead steady, spot $7 57. Zinc quiet. East St. Louis spot and nearby delivery. $. 15fl.25. Antimony, spot $5 25. Chicago Oil Market. (Bv Chicago Tribune L.cafd Wire ) CHiOAUO. Aug. 21. t;asl;n: Ian. wagons. 21c; service stations, 23c; nui clilne. 27.0c. oils: Summer. 11.4c; win ter. 11.9c. Carbon perfection, iron bar rels IO'-jC. Linseed oil. raw. I to 1 barrels delivery. $1.04; boiled. $1,011. Tu--pentine. $1.49; denatured alcohol. 40c. . Naval Stores. SAVANNAH. a., Aug. 21 Turpen tine ouiet, $1.23: sales none; receipts. 347 barrels; Hilipments. J92 barn-Is: stock. 1U.745 barrels. Rosin firm; sales 80S casks; receipts. Ill- shipments. 3I1B; nock. 98.H4U ;..,.. R MM: D. 5.35: K. 5 35: F. SI.-,: II. 5..t5: H. $5 35; I. V.3.. K. $.Y4.l; M. $5.50: N. $5 00; v;. WW, $6 80. Cottonseed Oil Murket. I Bv Chicago Tribune Leased Wire.) NEW YORK, Aug. 21. 'ot ioiim-. i oil closed: September. $9 35 fo ! 50 ; October. $8B58.57; November. $ 7. 85 S .89 : De cember, 7.BO7 82; January. $7.M 1" 7 83; F-bruary, $7.82 7.8.V: Marc'i. $7.27.85. The prostiKe of Oreonian Want Ada has been attained not merely by The Oregonian's larce circulation, but l,y the fai-t that all lis r aiicrs m e Interested in Oregotiiati W.int- d. and OAK 7