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