THE MORNING OREGONIAN, WEDNESDAY,. AUGUST 30, 1922
E INTEREST
WHEAT TRADING
Exporters Chief Buyers for
Prompt Delivery.
MILLS SMALL BUYERS
Declines In Mill Feed List Are An
nouncedReceipts Less
Than Year Ago.
Tbs wheat market had an easier tone
In the east and bids on some grades at
the local exchange were 1 to 2 cents
lower, bat white export wheat was un
changed. A special bid was posted of
$1.11 for 10-day shipment of club. In
the open market the going quotation was
$1.12 and a premium of a cent was re
sorted to be available for quick de
livery.
More interest is being shown in wheat
during the last few days than any time
tht season. Exporters continue to be
the chief buyers, but the mills are tak
Inc a little wheat here and there where
offered.
Receipts from the interior show a lit
tle Increase, though the movement to
date is less than half as large as it was
last year. Total receipts at Portland this
season have been 70S. 600 bushels as
arainst 1,779.600 bushels in the corre
sponding period last season.
Wheat received by the Oregon Co
operative Grain Growers' association to
date is in the amount of 430,000 bushels.
In consideration of the late aeason, this
amount is greatly in excess of the re
ceipts at the same time last year.
Several declines in millfeed were an
nounced by local mills yesterday. Mill
run is down $2 to $29 a ton. There was
a similar decline in middlings, to $41
ton. Rolled oats and cracked corn also
declined $2 a ton.
The Chicago wire to Gray-Rosenbaum
Grain company follows:
"Liverpool again showing weakness
and our market following. Constant
shorts covering has weakened market
and continued absence of outside trade
against any sustained advance. Receipts
larger than last year, augmented -by
larger spring wheat movement. Demand
slow all around. Canadian grain being
rushed to market and large yields re
ported." The Liverpool wheat market lost some
of Its gain of the preceding day. Sep
tember closed l4d lower at ?s 4d, and
December lfed lower at 9s lUd.
Buenos Aires wheat opened ? cent
down at $1.11 for September and
$1.09H for February.
Broom hall's Argentine cable says:
'Dry, cold weather is being experienced
in this section and weather is very
favorable for the growing crop of wheat
at this time and will serve to put the
plan in hardy condition. Some im
provement in foreign demand yester
day, but eased cff. Weather is favor
able for the conditioning of corn. Of
ferings from the country have increased."
The Canadian wheat visible Is 8.203,000
bushels, against 3,369,000 bushels last
year. Terminal receipts in cars were
reported by tha Merchants Exchange as
follows:
Wht Bly Fir Cn Ots Hy
Portland. Tuesday o2
Tear ago 165 2 13
Season to date..23A2 !! 232
Year ago 59o2 65 401
Tacoma. Monday ?S . . 11
Tear ago 82 5 4
Season to date.. 97 1S7
Tear ago 1698 48 206
Seattle. Monday. 14 . . 33
Tear ago lt 5 9
Season to date.. 747 2 427
MOH
12 7
3 12 2
146 8 343
80" 18a 225
1 2 ...
5 3 . . .
82 23 64
41 28 68
o
4 6 11
254 78 284
141 49 2."3
Tear ago S62 26 324 141
MOVEMENT OF POULTRY HEAVIER
Large Increase in Storage Stocks
Throughout Country.
Fresh eggs re in lighter supply with
the market absorbing fine stock about
as fast as received, says the produce re
view of Swift & Co. of Chicago. A good
many eggs are being withdrawn from
storage and prices show but little change
during the week. Better care during the
summer and more frequent marketing of
eggs are essential If top prices are to be
secured.
The poultry movement has been heav
ier end Indications point to a still larger
movement In the near future. Selling
prices are lower on live poultry in the
astern markets. The large number of
Leghorn chickens marketed was par
ticularly noticeable. As buyers are dis
criminating In favor of the larger
breeds, lower prices are being paid for
Leghorns and the smaller varieties of
chickens. The United States department
of agriculture report of August 21 gives
the following comparative stocks of
poultry in storage on August 1:
Pounds.
30,673, OnO
21.188.000
122.
1921.
Excess 9.490,000
While some sections report lighter re
ceipts of cream, due to the hot, dry
weather, the total amount of butter
manufactured this week will show but
little decrease from the previous week.
The cold storage warehouses In Chicago.
New York. Boston and . Philadelphia
show an Increase in their holdings over
a week ago, Indicating that production
la still ahead of consumption.
HIGHER EGG PRICES IX SIGHT
Beet Grades of Cube Butter Firm.
Poultry Market Steady.
The tendency of the egg market con
tinues upward, as the supply of fresh
ranch stock Is not equal to the demand.
Selects sell readily in the local market
at 31 32c. Bayers are paying 25ft'26c
for current receipts and 27 28c for hen
neries. Top grade cube butter was in de
mand at firm prices. Undergrades
dragged.
The market is over supplied with
cheese, much of it of common grade.
Poultry receipts were moderate and
prices are on a steady basis. Country
dressed meats were generally steady.
MARKET PRICES FOR FARMERS
Wheat Association Organ Comments on
Merchants Exchange Quotations. '
Commenting on the new purpose of the
Merchants Exchange association to post
actual terminal wheat prices on the
board, the Producer, the official organ
of the Wheat Growers' .mp.ha
1. J . .
"The Merchftntn fTfl,m.. i . , . !
has reformed. That body is to cease
to enact its dally comedy of fictitious
quotations. Its ways are henceforth to
be amended in response to the general
expressions of dissatisfaction and pro
test emanating from growers throughout
the country. So we are told.
"Once again does the Producer find
its viewpoint entirely vindicated. Growers
have understood fully the significance
of the facts presented to them with re
gard to the vicious practices of the coast
grajhj exchangeex They have brought to
HEAVY SPRINGS
22c Per Pound
Shipments Must A rrlve Not Later
Than Thursday. Check
by Return Mail.
THE SAVINAR CO., INC.
100 Front Street Portland. Oregon.
bear upon these bodies pressure suffi
cient to wring from them an admission '
of unfairness in the past and a promise J
of reform for the future. ,
"But what assurance have we that
the reluctantly given promise- is meant!
to be kept? Can we, in consideration
oi past records, assume that this word
has been given in entire good faith? The
reader and the editor are no doubt both
asking themselves these same question.
"At the present moment it may suffiee
t n S V that tha arlltnp'a nnrlntHu w i 1 1
STr-hi? rrir.rr.;!
points with quotations on the exchange.
Doaras.
Crawford Season Nearly Over.
The Crawford peach season is draw-
ins to a close. Tha last car has DCen
shipped from Ashlaai and dealers are
getting most of theTT supplies from up
the Columbia. Prices ranged from 75
cents to f 1 a box. A car of Elbertas
will arrive from The Dalles Thursday to
be followed by Yakima Elbertas.
The market was over stocked with
cantaloupes, which were hard to move
even at low prices.
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearings. Balances.
Portland 4.527,6i4 tl.--',470
Seattle - 5,831. 76! 1.011.:il5
Spokane J. 261. 779 337.700
Tacoma, transactions 2,538,000
POBTLANU MARKET QUOTATION'S
Grain, Flour, Feed, Etc.
Merchants' Exchange, noon session.
Wheat
Aurust
September" October.
Bid. Ask. Bid.
Ask. Bid.
Ask.
H. wht. $1.10 $1.10
S. wht. 1.10 1.01)
W. wht. 1.11 1.09
H. wint 1.09 3.08
X. spg. 1.09 1.08
W. Ked 1.03 1.04
Oats
White. 33.00 32.00
Gray.. 35.00 3o-00
Barley
Brew.. 29.00 28. "0
Feed.. 28.00 27.73
$1.09
1.12 1.08
1.12 1.08
1.12 1.07
1.11
1.11
1.11
1.07
1.04 ...
32.00
35.00
2S.00
27.00
Corn
2 E. Y. 28.50 20.50 28.50 29.50
FLOUR Family patents.
28.50 29.50
$7.20 per
bbl. ; whole wheat, $6.20; graham, $6;
bakers' hard wheat. $7.40; bakers' blue
stem patents, $7.20; valley bakers'. $5 90.
MILLKEKD Prices f. o. b. mill: Mill
run. ton lots, $29; middlings, $41; roiled
barley, $36 -ft 38; rolled oats, $42; scratch
feed, $48 per ton. .
CORN White, $35; cracked, $37 per
ton.
HAY Buvinp price f. o. b. Portland
Alfalfa, $18018.50 per otn: cheat, $15:
oats and vetcH. $17: clover. $18: valley
timothy. $18; eastern Oregon timothy,
$2021.
Butter and Country Produce.
BUTTER Cubes, extras- 3738c lb.:
prints, parchment wrapped, box lots, 44c
cartons, oc. Butterlat. 44c delivered;
station buying price, A grade, 42c.
EGGS Buying price: Current receipts.
25&2tc per dozen; henneries, 272Sc per
dozen. Jobbing prices: Case count, 20
8c; candled ranch,, 30c; selects, 31 & 32c;
association selects, 32c; association
browns, 32c ; association firsts, 30c; as
sociation pullets. 27c.
CHZESK Tillamook triolets, orlce to
jobbers. I. o. b. Tillamook. 26c; Young
Americas. 27c; longhorns, 27c pound.
fUtUKY Hens, is ftp 22c lb.: uorintrs.
21 23c; ducks, 154j22c; geese, nominal;
turkeys, nominal.
VEAL Fancy, 16c per pound.
POKK. Fancy, lc per pound.
Fruits and Vegetables.
Local jobbing quotations: !
FRUITS Oranges, Valencias, $90
D.50 per box; lemons, $79; grape-
fruit, S78 box; bananas. 8 V fi 9 U c Jb. :
cantaloupes, $lt& 1.25 per crate;
peaches. oc$1.00 per box; plums, $1) i
$1.10 box: watermelons. Iaffi21tc ter lb:
casaoas, -16 B -c io. ; pears, $11.7;
blackberries, $1.50 2 per cr-ate; grapes.
.o0j per box; apples, toe (a $6 box.
POTATOES Oregon. $1.5001.75 sack:
sweet potatoes, 5c per pound.
uius wa.ua wan. ; l.ooo 1.73 per
tack.
VEGETABLES Cabbage. 223ie tier
pound; lettuce. $22.50 crate; garlic, 10
P 20c pound ; green peppers. 7 &) 10c oer
pound ; tomatoes, 60 & 75c per crate; cu
cumbers, 500c per box; beans, 6Sc
per pound; green corn. 20 25c dozen;
eggplant, 68c pound; summer squash,
3 Vic per pound; beets, $2.50 per sack;
carrots, $2 per sack; rutabages, $2.75 per
sack.
Staple Groceries.
Local Jobbing quotations:
SUGAR (sack basis) Cane, trranulated.
T.SOc pound; beet, 7.00c per pound.
NUTS Walnuts, 15 35c per pound;
Brazil nuts. 17 19c; almonds. 210
26c; peanuts, 10 11c per pound.
RICK Blue Rose. 7c per pound: Japan
ttyle, 6.ir6.25c per pound.
COh r -fc-fci rtoastea. ouiK.. in drums. 20
390 per pound.
salt uranuiatea, bales, sieoo 3.6B :
half ground, tons, 50s, $17; 100s. $16.
L)K1l;l fruits Dates. 14c Dound:
ties. $1.0002.75 per box: apples. 15c per
pound; peaches, 18c; prunes. 1410c
ftAs small, white, oc; pink, 6c;
bayou. oVsc; red, 6c; lima, 11c per pound.
Provisions.
Local jobbing quotations:
HAMS All sizes, 25 to 28c per pound :
kinned. 30c; picnic. 18c: cottage roll.
25c per pound.
iSACU.N Fancy, as a: 43c: choice. 25 &
4 31c; standards, 2224c.
LtAtiLt .rure iierces, ioc per pound ;
compound, tierces, 14c
DRY SAL T Backs, 20023c; plates,
18 cents.
Hides. Hods. Etc.
HIDES Salted hides, under 45 pounds,
69c; salted hides, over 45 pounds.
tf8c; green hides under 45 pounds, 7
Of 8c ; green hides, 45 pounds, 6 & 7c;
waited bulls, 6ttf7c; green bulls. 5y6c;
valted or green calf, under 15 pounds.
12 & 13c; salted or green kip. 16 to 30
pounds, 910c; hair slipped hides and
Kins, half price; flint dry hides. lla
i2c; flint dr-' calf, under 7 pounds,
11012c; dry salted hides, 89c; culls
and damaged, half price. Green or salt- i
Bd horse hides. $24$S each: colt skins, i
eic$l each; dry horse. 75c$1.25 each.
PELTS Dry sheep pelts, long wool,
J8&20c; dry sheep pelts, short wool, Bt$
10c; dry sheep pelts, pieces, 8lUc; dry
hheep shearlings, no value; salted pelts,
long wool, each. $1.50 2; salted pelts,
hort wool, each. 75c & $1: salt spring
.amb pelts, each. salted shear-
mgs. each, 10 & 20c; salted goata, long
oair. each, $ B2: salted goats, short
jbvir, each, 5ocl; dry goats, long hair,
per pound. 10 & 12c; dry goats, short hair,
iach. 25Q60c; goat shearlings, each. 100
28 cents.
TALLOW No. 1. 55c; No. 2.
5c par pound; grease, 3 0 4c per pound.
CASCARA BARK i'ew peel, 6ac per
pound; o.d peel, i'cc Der pound.
OREGON GRAPE Graps root. 6o par
pound.
HOPS NominaL
WOOL Eastern Oregon. 20030c per
pound: valley wool, fine and half-blood,
&O035c; three-eighths blood. 80032c;
y uarter-blood. 25 (sg 27c; low q uarter and
braid. 20022c; matted. 16018c
MOHAIR Long staple, 30032c. deliv
ered Portland; short staple. 25027o;
burry, 20 025c per pound.
GRAIN BAGS Car lota. 9 He, coast. .
Oils.
LINSEED OIL Raw. In barrels. $1.10;
a gallon cans. $1.23; boiled In barrels,
tl.12; 5-gallon cans. $1.27.
TURPENTINE In drums. $1 60: fiv.
lallon cans. $1.65.
WHITE LEAD 100-pound kegs. 12Ho
per pound.
GASOLINE Tank wagons and lroa
barrels. 2tfc; cases. 37c.
Lumber.
The following are direct quotations on
Douglas fir and represent approximately
prevailing f. o. b. mill prices in car iots
and are based on orders that have been
negotiated ;
Prevailing
r iooring
1x4 No. 2 V G
1x4 No. 3 V
High.
Low. trlce.
. .$54.00
. . 4:1.00
$49.00
$51.00
37!66
1x4 No. 2 & B, S G . .. 39.00
1x0 No. 2 & B, S G. .. 42.00
37.00
-o9.00
Stepping
No. 2 & B
65.00
and better-
Finish. No
1x8 10-inch
Casing and base
Ceiling
x4 No. 2& B
1x4 No. 2 & B
Drop siding
lx No. 2 & B
1x6 No. 3
,:t.oo
65.00
.".S.00
38.00
41.00
37.50
R5.00
36.00
"8.00
35.50
14.50
15.50
17.50
40.00
35.50
Boards and S L No. 1
lxS-10-lnch S 1 S li50
lxl 2-inch 19.00
Dimension No. 1 S & E
2x4 12-14 18.50
Planks and small timber:
4x4 12-16S4S 21.50
3x10-12 12-16 S 4 S. . 22.00
18.50
19.50
Timbers 32 feet and under
6x6-SxlOS4S 25.00 22.00
Lath
Fir 5.50 - 4.50
Metal Market. '
NEW YORK. Aug. 29.-Copper steady;
electrolytic spot and futures 13 14c.
Tin firm: spot and nearby 32.27c; fu
tures 32.B0C.
Iron steady and unchanged.
Lead steady; spot 5.906c.
Zinc steady; East St. Louis spot and
nearby delivery 6.2Rc.
Anumiony, spot B.23&S.&0.
BULLS SELL WHEAT
ID MARKET DROPS
Export Demand Limited and
Support Lacking,.
rtm m a I o" rnrri i rrt r
CORN ALSO FREELY SOLD
j
; '
'
1 0, shn.. K,.,hh Tiit
to Selling Pressure for Time,
But Later Reacts.
BY CHARLES D. MICHAELS.
(By Chicago Tribune Leased Wire.)
CHICAGO, Aug. 29. Scattered liquida
tion was on in wheat and corn. With s
lack of support, except for a brief
period, early prices declined readily.
They closed within a fraction of the
bottom. Wheat was off 1 1. corn
1419ic, oats c and rye c.
There was little change in the char
acter of the news affecting wheat but
the continued small export demand for
domestic grain has tired the local bulls
and they were disposed to sell out. With
a lack of support, it did not take much
selling to start values downward.
Houses with eastern connections were
fair buyers early, presumably reflecting
export business via the Gulf. At the low
point prices were off lc from the
early high and the finish was with
heavy undertone.
Bulk of the export business at the
present time is in Canadian grain. Ex
porters were free buyers of October
there, especially around 99. That
market showed relatively more strength
than Chicago. Local handlers sold 345,-
000 bushels of hard winters to exporters.
Movement of sorine; wheat Is increasing
rapidly and primary arrivals of 2,451,000
bushe4s were 365,000 bushels In excess
of last vear. Liverpool closed 11
pence lower and had considerable in
fluence on local sentiment.
Tired longs were on the selling side
of corn from the start. At no time was
December as high as the close or tne
nrevious dav. There was a decline to
53c toward the last or within 2c of
the inside figure on the crop. It was
easier to trace the selling than the buy
ing, the latter being scattered. Crop
reports from Iowa were decidedly bear
ish. Those from Kansas and Nebraska
were bullish. Cash premiums were easier
despite a good seaboard demand. Coun
try offerings were fair. Receipts were
319 cars.
Oats showed stubborn resistanoe to
selling pressure and held within a range
of c, advancing early only-to re
act later with other grains. Receipts
were 57 cars.
Some low offers of rye were made
abroad over Monday night and a- little
business resulted. The seaboard was a
fair buyer of futures. In the northwest
the two markets received 260 cars. Some
changing from the September to Decem
ber was noted during tne aay.
HOGS DECLINE AG
MARKET 50 CENTS LOWER
AT STOCKYARDS.
Top Quotation at Close Is $11,
With Prospects of Further
Drop Today.
Only one load of cattle came in by
rail yesterday, but about 14 loads of
stock were held over from the preced
ing day. and there was a fairly active
but weak market.
In the hog division the decline of
Monday was continued and the day
closed with the loss of fully 50 cents.
Tha top quotation at the" wind-up was
$11, and this vas for the best drive-ins.
Carloads probably would not have
brought over $10. Till.
I'he cattle market was dragey. but
without further changes in quotations.
Sheep aTid lambs were on a nominal
basis.
Receipts' were 18 cattle and 37 calves.
The day s sales were as tollows:
Wt. Price. I Wt. Price.
8 steers. 673 $6.25 4 mixed . 422 6.00
Seteers. 1030 7.25 lcalf... 370 3.75
18 steers. 1109 7.00 23 calves. 376 7.50
1 steer. . 1260 7.00 23 calves. 886 7.50
2 steers. 1070 6.00 3 calves. 286 10.00
7 steers. 1105 6.00 16 calves. 302 7.50
1 steer. 920 3.75 lcalf... 180 9.00
7 steers. 1095 5.50 lcalf... 160 7.00
5 steers. 1072 7.00 lcalf... 140 9.00
3 steers. 109O 5.00 3 calves. 143 5.00
3 steers. 810 4.00 lcalf... 270 4.00
6 steers. 1115 6.00 4 calves. 365 4.00
2 steers. 8(10 5.25 11 calves. 354 7.00
lBteer. . 830 5.25 8 calves. 221 8.25
1 steer.. 870 5.25 43 hogs.. . 184 10.00
7 steers. 8S2 6.60 24 hogs. . . 270 8.50
2 steers. 1045 7.50 6 hogs... 361 7.50
7steer.. 490 3.001 14 hogs. . . 122 10.00
7 steers. 1024 6.251 14 hogs. . . 132 10.00
lsteer.. 910 4.501 4hoge... 147 11.00
4 steers. 1010 6.251 1 hog... 200 11.00
1 cow... 1040 4 00 17 hogs.. . 193 11.2.3
4 cowa. . 850 2.00jl3 hogs.. . 17O11.00
lcow... 1O40 3.50 8 hogs... 138 10.85
lcow... 610 3.0OU2 hogs.. . 195 11.00
lcow... 1130 4. 50t 9 hogs... 183 11.25
2 cows. . 680 3.00119 hogs. . . 173 10.25
Scows.. 091 4.001 6 hogs. .. 130 10.75
9 cows.. 8S9 4.401 lhog... 100 10.00
2 cows. . 890 3.50165 hogs.. . 97 10.75
lcow... 1110 4.401 lhog... 140 7.50
15 cows.. 950 4.401 lstag... 520 4.50
lcow... 1130 5.25139 lambs. 81 9.00
2 cows.. 930 5.001 8 steers. 711 5.00
3 cows. . 1000 4.001 2 steers. 655 5.00
lcow... 870 3 001 9 steers. 953 -5.50
6 cows. . 976 3.75 6 steers. 804 5.00
2 cows. . 880 3.75 12 steers. 563 5.00
lcow... 1200 3.75 lsteer.. 900 5.50
lcow... 1150 2.50I 6 steers. 916 5.40
Scows.. 926 4.251 2 cows.. 905 2.50
3 cows.. 853 4.25 lcow... 900 5.O0
4 cows. . 832 4.25 lcow... 830 3.00
3 cows.. 1O50 4.25 2 heifers 695 6.00
lcow... !I0 4.25 5 heifers 654 4 00
4 cows.. 1067 4.251 2 hogs. . 100 8.00
2 cows.. 1065 4.50123 hogs. . 94 10.75
1 heifer. 930 6.001 5 hogs.. 180 11.00
6 heifers 938 5.251 lhog... 16010.00
lbull... 1340 3.751 4 hogB.. 75 8.00
lbull... 1510 3.25! 2 hogs.. 75 10.50
lbull... 1270 3.00 3 bogs-. 20O 7.50
lbull... 1320 3.601 7 hogs.. 132 10.50
3 mixed 403 6.00118 lambs. 107 9.00
Prices quoted yesterday at the Port
land Union stockyards were as follows:
Cattle , Price.
Choice steers $7.75 8.25
Fair to good steers 7.25 7.75
Fatf to medium steers 6.25 7.25
Common to fair steers 4.50 6.25
Choice cows and heifers 5.00 5.50
Medium to good cows, heifers 4.00 4.50
Fair to medium cows, heifers 3.75 4.00
Common cows 3.00 3.50
Canners 1.500 2.50
Bulls 3.000 4.50
Choice dairy calves 9.50(g)10.00
Prime lii?ht calves 9.00 9.50
Me.1,um to light calves... 8.000 9.00
Heavy calves 6.00 7.00
Common heavy calves 4.00 6.00
Hjgs
Prime light 10.00011.00
Smooth heavy, 200 to 300 lbs. 9.0010.00
Smooth heavy, 300 lbs. up 8.00 Jil 9.00
Ro:igh heavy 6.00 8.00
Fat pigs 10.00 10.75
Feeder pigs . ,10.00ilo.?5
Sta?s. subject to dockago.... 5.00 7.00
Sheep
East -of -mountain lambs 10.00 1 1.00
Choice valley lanmb 9.50i10.50
Medium valley lambs 8.00 9.00
Conmon valley lambs 6.00 8.00
Cull lambs 5.00 6.00
Light yearlings
7.00 8.00
6.00 7.00
6.00 7.00
5.00 6.00
2.00 5.00
Heavy vearlings
Light wethers . .
Heavy wethers .
Ewes
Chicago Livestock Market.
CHICAGO, Aug. 29. (U. S. Department
of Agriculture.) Cattle Receipts, 10,000;
better grade.beef steers steady; other
grades slow ; top matured beef steers
$10.S5; bulk beef steers of quality to sell
at $8.7510.25; she-stock uneven, slow;
in-between grades butcher cows and
heifers weak; bulls, stockers and feeders
steady; veal calves strong to 25 cents
hlgoer; best vealers up more; bulk beef
cows and heifers $4.757.00; canners and
cutters mostly $2.753.50; bulk bologna
bulls $4.104.25; veal calves largely
$11.50 12.00.
Hogs Receipts 23,000: market fairly
active; lighter weights mostly 10 15c
lower; others 1525c lower; bulk 160 to
210-lb. averages. $9.509.75; early top,
$9.85; 225 to 275-lb. butchers, mostly
$9.009.0; good and choice 290 to 325-lb.
butchers, generally $8.358.70; packing
sows, mcstly $6.257.00; pigs, 25c lower;
bulk, better kind, $7.508.00; heavy,
$7.09.25; medium, $S.859.65; light,
$9.408.S5; light light, $8.7509.60; pack.
ing sows, smooth. K6.507.25: packing
sows, rough, $6.00 e 9.60; killing pigs,
$7.25 8.60.
Sheep Receipts 17,000; Iambs opening
slow; steady to 25o lower; top natives,
$13.00 to shippers; packers buying natives
largely. $12.25 12.50; culls, mostly $9.00;
good Idaho lambs, $12.70: best Washing
ton lambs held at $13.00: sheep slow; fat
ewes, mostly $6.00 7.00, light feeder
lambs, bid, $12.75.
Kansas City Livestock Market.
KANSAS CITY. Mo., Aug. 29. (U. S.
Department of Agriculture.) Cattle R
ceipts. 19,000; beef steers, stockers, feed
era and canners and bulls, steady
strong; one load short horns, $11.00
calves steady to weak; other classes
around steady; top, light steers, $10.50
many, grassers, 6.:jOP7.oo: bologna bun
mostly $3.253.50; canners, generally
t.-JWX.;i); best vealers. Jlo.00 010.su
bulk cows, $3.5004.50; few lots around
$5.506.00; choice heavy yearling heifers
neia at s'.i.oo; most cutters. 3.0083.2i
Hogs Receipts, 8000: market fairly
act.ve; steady to 10c lower: most decline
on lights: shipper top. $9.15; packer top,
S'J.Oi.; OlllR, $8.40!I.10: bulk 170 to 240
pounders. $8.75i3S,.10: 250 to 300-pound
ers. $8.008.90; packing sows steady,
$6.857.25; stock pigs steady. $8.00 8.50.
Sheep Receipts 5000; killing classes
fuliy steady; Colorado lambs, $13.15
13.30: natives. 513.00; better grades,
generally ttzuusf la.oo; Utah late. sis. so
light - ewes, $7.00; other fat natives,
$u.o00.50.
Omaha Livestock Market.
OMAHA, Neb., Aug. 29. (U. S. De
partment of Agriculture.) Hogs -Re
ceipts. 11.000; market active; good butch
ers steady to 103 lower; bulk 200
300-pound butchers. $8.009.10; top,
lt; packing grades. 10loc lower
bulk, $7.00 7.50.
Cattle Receipts 8.500; beef steers
fairly active, strong to 15c higher: top,
$10.b0; she-stock fully steady; bulls and
veals, steady to strong: stockers and
feeders strong; spots higher; prime heavy
Wyoming feeders up to $8.50.
Sheep Receipts 23,000; all classes 10
25c lower; bulk, western lambs. $12.40
12. Bo with $12.75 bid; ewes, $6.25 down
early top sorted light western feeding
lamos, $12.40.
.-'an Francisco Livestock Market.
SAN FRANCISCO. Aug. 29. Steers
No. 1, $7.0007.50; No. 2. $5.756.
cows and heifers, io. 1, $4.755.50.
Sheep Wethers. $7.00 8.00; ewes,
i
Seattle Livestock Market.
SEATTLE. Wash., Aug. 20. Cattl
Receipts 190: prices unchanged.
Hog Receipts 700; market lower.
Prune. $9.7510.2o; smooth heavies,
$B.008.7o; rough heavies, $5.00 & 6.00
pigs, ju.uu.
RAN" FBAJfCISCO PRODUCE MARKET
Prices Current on Vegetables. Fresh
Fruits, Etc.. at Bay City.
SAN FRANCISCO, Aug. 29. (State
Division of Markets.) Poultry Fryers,
335c; broilers, 28 40c; roosters,
young, 3436c; old, 1418c; hens, 14
32c; ducks, 1820c; live turkeys. 32ftv)
52c; dressed, nominal; hares, ,1b., 13
loc; squabs, dozen, $33.50; jack rab
bits, dozen, $22.50.
J run fears, .Baruett. box. $12: ap
ples. A to 4 tier, 12; cantaloupes,
standards, oc$l.2o; oranges, Valen
cias, $611; lemons, $5.507; nectarines,
crate, $11.50; grapefruit, $67.50
strawberries, drawer, 45 50c; raspber.
nes, drawer, 4550c; loganberries, crate
nominal; huckleberries, lb., 20c only
blackberries, drawer,' 20 25c; avocadoes,
dozen. $47; figs, double layer box.
$l.251.50; peaches, crate, 5060c;
plums, crate, eoc$l; grapes, crate, $1
1.75; Persian melons, crate, 75c$1.25;
new green apples, lug box, "7oc$l.
watermelons, lb., lc and less.
vegetables i3eans, lb., 47cr carrots,
sack, 75c 51; celery,, crate, $2.503
cucumbers, lug, 4075c; egg plant, lb.,
34c; lettuce, crate, $1.502; green
corn, dozen, 12loc; beets, sack, $1
1.25; onions, Stockton red. cwt., $1.25
1.40; yellow, cwt., $1.251.35; green,,
$1.251.50; peas, nominal; bell peppers,
ing, 5085c; new potatoes, lb., lt&c
sweet, 3IA4c; rhubarb, box, $11.25;
summer squash, lug, 5080c; spinach.
lb., 34c; tomatoes, lug, 50c$l; tur
nips, sack, 75c$l; parsley, doz. bunches.
30c only; radishes, doz. bunches, 30c
only.
QUOTATIONS ON DAIRY PRODUCE
Current Market Ruling: on . Butter.
Cheese and Eggs.
SAN FRANCISCO. Aug. 29. United
tatates Bureau of Agricultural Econonv
lcs.) Butter Extras, 44c: prime firsts.
40c; iirsts, aye.
Eggs Extras. 38c; extra firsts. 36c;
extra pullets, 30c; undersized pullets,
No. 1. 18 'Ac.
Cheese California flat fancv. 22c-
California flat fancy firsts, 19c Callfor
nia Young America, (ancy. 27c.
NEW YORK. Aug. 29. Butter Firm:
creamery higher than extras, 3S38c
creamery extras, 3714 c; creamery firsts.
(52 Jts.c.
Eggs firm; receipts. 16,496 cases:
fresh gathered extra firsts. 32 34c: do
iirsts, sjic: rerrigerator flrs, 27
29c; state nearby and nearby western
hennery whites firsts to extras, .3850c
tate nearby and nearby western hen
nery browns extras. 38 44c: state and
nearby gathered browns and mixed col
ors firsts to extras, 2937cr Pacific
coast whites iirsts to extra Tirsts, 36
Cheese Firm; receipts,. 3906.
CHICAGO. Aug. 29. Butter Un
settled; creamery extras. 35c; firsts. 30
.-2c; extra firsts. -;i2434c; seconds.
. o -s it - V2 c ; Hianaaru, o-ic.
Eggs rllg-ner; receipts, 13,806 cases;
rirsts, -4e -c; oruinary iirsts, jzc;
miscellaneous, 2.SVi 24!4c; storage
packed rirsts, 2b(a)2b,tc.
SUBSTANTIAL ADVANCE IN COTTON
Good Buying Sends New York Futures
Market Higher.
(By Chicago Tribune Leased Wire.V
NEW YORK, Aug. 23. Continued good
buying of cotton futures today caused a
further substantial advance. In the first
two hours the list went 20 to 35 points
higher than last night's closing. Liver
pool spot houses and Japanese interests
were perhaps the best buyers. Shorts
iook same cotton, selling came from the
south and New Orleans. The market
maintained a firm undertone in the
afternoon although business fell off in
volumes. Trading was flat and feature
less in the last hour, but the closing
level showedT'40 to 49 points net gain.
Spot quiet, 30 points advance, 22.S5C
for middling upland.
Southern spot markets Galveston.
22.50c, 30 points' advance; New Orleans,
22.50, 25 points advance; Augusta!
22.38c, 38 points' advance; Memphis,
22.50c. unchanged; Houston, 22.40c.. 30
points' advance; Little Rock, 21.75c. 25
points' advance.
NEW YORK, Aug. 29. Cotton futures
openea steady; October, 22.40c; Decern
ber, 22.55c; January,
42c; March.
22.43c: May. 22.34c.
Futures closer easier: October,
December, 22.70c; January,
March, 22.62c; May, 22.55c.
22.60c;
22.57e;
Chicago Oil Market.
(By Chicago Tribune Leased Wire )
CHICAGO. Aug. 29. Gasoline: Tank
wagons, 21c; service stations, 23c; ma
chine, 27.9c. Oils: Summer, 11.4c; win
ter, 11.9c. Carbon perfection iron, bar
rels, 1014c. Liaeed oil, raw, 1 to 4
barrels, delivery, $1.04; boiled. $1.06.
Turpentine, $1.43; denatured alcohol, 40c.
Cottonseed Oil Market.
Cottonseed oil futures at New York,
furnished by Jordan-Wentworth & Co.
Portland:
September, 9.339.35e: -October. 8.59
f 8.61c; November, 7.877.90c: Decem
ber. 7.847.86c; January. 7.857.86c:
February. 7.887.87c; March, 7.95
8c.
Naval Stores.
SAVANNAH, Ga., , Aug. 29. Turpen
tine firm, $1.1554; sales. 419: receipts.
729: shipments, 135; stock, 10,826.
Rosin, firm; sales, 1260; receipts. 2962;
shipments. 695; stock. 103,600. Quote'
B, D. E, F, G. H, I, $5.10; K, M, $5.20;'
N. $5.50; WG, $6.10; WW. $6.60.
Sugar Market.
NEW YORK, Aug. 29. Raw suga.-.
centrifugal, $4.924.99; refined fine
granulated, $6.507.
SAN FRANCISCO, Aug. 29. California
Hawaiian raw sugar $4.92. '
Dried Fruit at New York.
NEW YORK, Aug. 29. Evaporated ap
ples, neglected. Prunes, dull. Peaches,
easy.
Apple Packing School Planned.
WHITE SALMON, Wash., Aug. 29.
(Special.) An apple packing
school under the supervision of
County Fruit Inspector Mills will
be inaugurated at the Degman pack
ing house in White Salmon Septem
ber 11, to continue for a period of
one week. Graduates will be ten
dered certificates to pack anywhere
In the district. A nominal fee of $5
will be charged for the instruction.
E EASY
CHICAGO MARKET IS LOWER
WITH LIVERPOOL).
Export Demand Fair, But Bulk of
Buying Is In Manltobas.
Support Is Ijight.
CHICAGO, Aug. 29. Wheat showed an
easy undertone today In September with
lower quotations at Liverpool and on
local and commission house pressure. It
closed l19ic lower, with September,
$1.02, and December, $1.02 1.02Ti.
Corn was down l'ilc; oats were un
changed to "4 c off and provisions gen
erally lower.
Liverpool futures were lower through
out tlae session there and this helped to
unsettle the market on this side of the
Atlantic. The demand for wheat for ex
port was fair, but most of the recent
business has been in Manitoba's. Coun
try offerings of spring wheat ; were
liberal, but there was no great pressure
of winter wheat. There was fair buying
by 'houses with eastern connection early,
which led many of the pit traders to
take the buying side, but they found sup
port light when they tried to take prof
its. Lack of outside trade counted
heavily against the market.
Scattered liquidation was on in corn
and at no time was December as high
as yesterday's finish. Drouth continued
over the greater part of the west and
southwest, but temperatures were low
and the forecast suggested some showers.
Receipts were large, arrivals being esti
mated at 300 cars.
There was an Indifferent demand for
oats and the market was firm with a
moderate trade and held close to yes
terday's -finish.
Liquidation in September and Decem
ber lard caused a sharp decline in pro
visions.
Th. rihicae-rt s-rain letter received yes
terday by the Overbeck & Cooke Co. of
Portland follows:
Wheat Started lower lollowing tne
decline in Liverpool, rallied to last
night's final figures and then turned
weak aeain. based on conflicting sea
board news regarding the export situa
tion. Some Interests reported a gooa ae-
manH fnr Manitdbas and a Small in-
ouirv for winters, while others had
r-ahlpR renortinsr re-sellers abroad offer
ing wheat at material discounts under
American quotations. All things - con
sidered, the news was rather discourag
ing as the foreign demand should be
broadening at this time. Advices from
Canada tolling of a big movement get
ting under way added to the general
bearishness. Cash wheat, however, was
in good demand locally and in the north
west at firm premiums. Shipping sales
of 380.000 bushels were made out of
Chicago. Including 250.000 to exporters.
While the market is in need of bullish
incentive to bring about sustainea ad
vances, we do not believe declines from
this level will be permanent or far ex
tended. Corn Selling by recent buyers was In
evidence most of the session and served
to give the market a weak appearance.
No" doubt much of the selling was in
duced by favorable weather over the
belt together with indications of a move
ment into terminal markets. Receipts
today were fairly liberal and the spot
market relatively weaker than the fu
tures. Sales of 312,000 bushels were
made out of Chicago, including 150,000
to exporters. The seaboard, however, re
ported very little new business being
done. Stocks in Chicago are small and
he run of corn from the country will
last long enough to cause accumulations
and depress prices,
Oats Held relatively firmer than
other grains with very limited volume of
hedging pressure and a rather impres
sive demand on the declines. Receipts
were small and country offerings to
arrive likewise. The cash trading basis
was steady to a shade higher. The ship
ping demand was -reported good.
Rye Prices neia witnm a narrow
range, tha weakness ,Jn wheat oeing a
depressing influence. There was some
buying by the seaboard presumably
against export sales, the first in several
days. Cash rye was relatively steady
at l"4c over September for No. 2 on
traclt.
Leading futures ranged as follows:
Wheat Open. High. Low. Close.
Sept-
..$1.02 $1.03 fl.ul'. J1.02
. . 1.04 1.04 1.02 1.02
. . 1.08 .1.09 1.07 1.07
Dec. .
May .
Corn
Sept.
60
60
55
58
59
5354
57
59
54
57
Dec. .
55
May 58
Oats-
Sept 32 :t2i.i 31-4 32
Dec. . 34 34 - 33 33
May 37 37 37 37
Lard
Sept 10.27 10.27 10.10 JO.2.1
Oct 10.30 10.35 10.20 10.32
Ribs
Sept 9.60 8.60 9.50 9.60
Cash prices were as follows:
Wheat. No. 2 red, $1.031.03; io.
hard, $1.06 1.07.
Corn. No. 2 mixed, 62c: No. 2 yellow.
2 (a 63c. Oats. No. 2 white. 3436c;
No. 3 white. 32'A'ft:34c. Rye. No. 2.
69 c. Barley. 50 58c. Timothy seed,
$4.O05.0O. Clover seed, $12.00 16. 00.
Pork nominal; lard $10.35. Ribs. $9.50
10.50.
tirain Trade Gossip.
(By Chicago Tribune Leased Wire.)
CHICAGO, Aug. 29. W. A. Anderson,
t the North Star Grain company, win-
nee. was elected to membership in tne
Chicago board of trade today.
Speculation in grains is at a iow eon.
It takes little buying or selling to cause
changes of to lc in prices.
Houses with umana connections, tne
largest buyers of corn futures last week,
owing to crop damage in Kansas and Na
braska, were heavy sellers of May during
most of today.
The country is selling new corn for
shipment by December 15 and later in a
way that makes tnose conversant witn
the situation go slow in buying.
All stock and grain exchanges will be
losed Monday, September 4.
A great deal of spreading is on be
tween Chicago and Winnipeg wheat fu
tures. Chicago is being bought and Win
nipeg sold. December in the latter mar-
et closed JC lower at tyc. or otc
nder Chicago, while October there was
99 c, -or 2c under Chicago September.
Winnipeg had 630 cars or wheat today.
gainst 333 cars a ween ago ana ot cars
last year.
Contract stocks of wneat in cnicajjo
public warehouses are 641,000 bushels,
corn 396,000 bushels, and oats 2049.0')0
bushels. Compared with a week ago.
heat increased 25.0OO bushels and corn
45.000 bushels, while oats decreased 228,-
000 bushels.
Grain and meat business witn Argen
tina has been greatly facilitated by the
pening of the new western Union cable.
Morris & Co. got five-minnte service
from Chicago to Buenos Aires.
A belief that the Canadian northwest
crop will prove surprisingly large pre-
ails both a.nong Winnipeg ana Chicago
interests. In 1915. Canada raised 393.
000.000 bushels of wheat on 15.109,000
acres, while this year the acreage is
2,630.000.
E. K. Leland & Co.. who have handled
business of $8,000,000 to $10,000,000 a
year, are to retire from business at the
close' of August 31, Lamson Brothers &
Co. are to take over all open trades, as
sets, offices and the entire business ft
the Leland house, to continue the busl-
ess. Lamson Brothers & Co. are one
of the oldest grain and stock houses in
the country, in business more than 50
years. E. F. Leland & Co. succeeded
v are & Leland a few years ago. The
consolidation is due to the retirement of
Edward F. Leland, who has been in poor
health for a year. He will spend his
time managing his 700-acre dary farm
at Fort Wayne, Ind.
Minneapolis Grain Market.
Reported by the McCaull-Dlnsmore
company of Portland,
Wheat No. 1 dark northern good to
fancy to arrive. $1.11 1.26 : No. 1
dark northern, $1.08 1.27. to arrive
1.07; No. 1 northern. $1.03 te 1.09
to arrive $1.03; No. 2 dark northern.
$1.04 1.22 ; No. 2 northern, $1.00
1.05; No. 3 dark northern. 98c
$1.17: No. 3 northern, 97c$1.03,
Not 1 dark hard Montara, good to fancy
to arrive. $1.14 1.16 ; No. 1 dark
hard Montana, $1.07 1.18, to arrive
$1.07; No. 1 hard Montana. 99c
$1.07, to arrive 99c$1.06 ; No. 1
dark hard Minnesota and South Dakota,
$1.09 1.10 , to arrive $1.08 1.09 ;
No. 1 hard Minnesota and South Dakota,
979.8c. to arrive 697c; fancy
No. 1 Amber Durum. 97c$1.01, to
arrive. !205c: No. 1 Amber Durum,
8994c, to arrive S6c; No. 1
Durum. Sl88c. to arrive 79c;
fancy No. 2 Amber Durum, 9599c;
No. 2 Amber Durum, 892c: No. 2
Durum, 7885c.
Corn No. 2 yellow, 5657c, to ar
rive 56c; No. 3 yellow. 55 56c, to
arrive 55c.
Oats No. 2 white. 2931c; No. 3
white. 2830c. to arrive 28c.
Barley Choice, 48 51c; medium good,
4447c; lower grades, 4043c. .
Rye No. 2, 6464c.
Flax No. 1, $2.182.19, to arrive $2.15.
Wheat futures September. $1.01;
December. $1.02; May. $1.06.
Primary Receipts. ,
CHICAGO. Aug. 29. Primary re-1
ceipts Wheat, 2,451,000 bushels, vs. I
SECURITY
as well
The First Mortgage 6 Bonds of the CENTRAL COAL & COKE
COMPANY offer the investor an excellent opportunity for high
yield, as well as safety of principal and interest.
This company is engaged in the mining and selling of coal and the manufac
turing and selling of lumber. Its business has been organized and operated
continuously since 1871. Its operations, together with subsidiary and con
trolled operations, extend into, Missouri, Kansas, Arkansas, Oklahoma, Wyo
ming, Louisiana, Texas and Oregon.
As security for a $4,500,000 issue of bonds, this Company has given an abso
lute first mortgage on property conservatively appraised at $26,000,000. That
is, for every $1,000 bond there is $5,700 of first mortgage security.
The same good management that has conducted the affairs of this Company
for the past twenty years is now in charge. In this period of time the average
net operating earnings of this Company were equal to six times the average
interest requirements on this issue of bonds.
From our investigation of the Central Coal & Coke Company and its business,
we unhesitatingly recommend these bonds as a sound security to be included
in any conservative investor's list. Circulars containing detailed information
are to be had on request.
Blyth. Witter & Co.
Los
San Francisco
9 osr nnn himhels: corn. 1.085.000 bush
els vs. 1.452.000 bushels: oats, 387.000
bushels vs. 871,000 bushels.
Shipments Wheat, 1.665,000 bushels
vs. 1,405,000 bushels; corn, 420,000 bush
els vs. 512.000 bushels; oats. 283.000
bushels vs. 585.000 bushels.
Clearances Wheat. 1.394,000 bushels;
corn, 197,000 bushels; oats, 50,000 bush
els: flour, 33.000 barrels. .
Car lots Winnipeg Wheat. oats.
11; rye, 156: barley, 13. Duluth wheat,
180; corn, 10; rye, 223. barley, 12; flax,
1 St. Louis Wheat. 55; corn, 24; oats.
9. Omaha Wheat. 102; corn, 39; oats.
16. Kansas City Wheat, 2o8; corn, 20;
oats, 16. Minneapolis Wheat. aos;
corn, 57; rye, 34: barley. 42; flax. 27.
Cash Grain Markets.
Furnished by Jordan-Wentworth & Co.,
Portland:
ST. LOUIS, Aug. 29. Corn No. 2 yel
low, 6161c; No. 2 white, 60'c
Oats No. 2 white. 35c.
KANSAS CITY. Aug. 29. Wheat
No. 3 red. 98c$1.01; No. 2 hard. $1
1.10; No. 3 hard. 98c$1.09; No. 2 dark
hard. $l.061.16; No. 3 dark hard,
$1.0591.15.
Corn No. 2 mixed, Ojc; No. 2 yellow,
59c.
Oats No. 3 white, 38c.
DULUTH, Minn..
Aug. 29. Flaxseed,
$2.21 2. 22. -
Kansas City Grain Futures.
KANSAS CITY, Mo.. Aug. 29. Wheat
September, 95c. - December, 95
95c; May. 99c.
Corn September, 50c; December,
48',ic; May. 52c.
Grain at San Francisco.
SAN FRANCISCO, Aug. 29. Wheat
Milling, $1.801.85; feed, $1.801.85.
Barley Feed. $1.1D1.20; snipping.
$1.251.35.
Oats Red feed, l.ol.io.
Corn White Egyptian, normal.
Hay Wheat. $1517; fair, $1315;
tame oats, $1416; wild oat. $1012;
alfalfa, $1315; stock, $911; straw,
nominal. v
Seattle Grain Market.
SEATTLE, Wash., Aug. 29. Wheat-
Hard white, $1.08: soft white, western
white, hard red winter, soft red winter,
northern spring. $1.06; western red,
$1.06. Big Bend bluestem, $1.25.
Feed and hay unchanged.
Winnipeg Wheat Futures.
WINNIPEG, Aug. 29.
ber, 99 c. December,
$1.02.
-Wheat Octo
97 c; May,
Oregon Banking and Bond
News.
Announcement that the Northwestern
Electric company had successfully com
pleted the sale of a million dollars of
first preferred stock of the company last
week has put enthusiasm into bankers
and bond dealers, ' who recall the time
only a little more than a year ago when
public utility securities were at a low
bb. But it's a different story now, ac
cording to Cameion Squires of the Ladd
& Tilton bank. "Public utilities," says
Mr. Squires, "are making money every
where and their securities are enjoying
a universal demand from the investment
buying public. The feat of the North
western Electric company is being paral
leled all over the country. One big
utility corporation in Chicago sold pre
ferred stock a year ago at around $60 a
share. The stock is now selling at $95.
Utility stocks in New Tork that sold
under par a year ago are now bringing
as high as $140 a share."
T. P. Risteigen, cashier of the First
National bank of Silverton, dropped in
to see friends here yesterday. Mrs.
Risteigen, whd has been seriously ill for
several weeks, has entirely recovered.
W. A. Holt, vice-president of the
United States National bank, was on the
Job again yesterday after a vacation at
the seashore. He ate a lot of huckle
berries and played a lot of golf, reduced
a lot of weight and announces that he
Is all ready to settle down for another
year at hard labor.
Eddie Sammons, ex-newspaper man,
but now vice-president of the United
States National bank, was exhibiting a
silver belt buckle yesterday to his asso
ciates. He won the useful device, it is
confidentially reported, at a lottery.
Local financial circles were shocked
yesterday by news from Grangeville,
Idaho, that George M. Reed, well-known
mortgage broker, had dropped dead. Mr.
Reed's home here Is at 753 Upshur
Drive.
-
John Thornburg. president of the For
est Grove National bank at Forest Grove.
Or., is not a visitor in the city this week.
This was the positive information given
out by "Bill" Thompson at the First
National bank here yesterday. Mr.
Thompson says that his friend from For
est Grove has been such a frequent
guest in Portland of late that other out-of-town
bankers are getting tired of see
ing his name in the paper "either tired
or Jealous, I don't know which," stated
Mr. Thompson.
Willis Clark, manager of the bond de
partment of Ladd & Tilton's bank, left
yesterday for a vacation at Seaside.
MR. WOODWARD REPLIES
School Board Action on Holladay
Site Is Defended.
PORTLAND, Aug. 29. (To the
Editor.) The statement of Daniel
Kern in 'The Oregonian August 26
on the Holladay school site, in jus
tice to the school board, calls for a
reply.
It is a mystery not alone to the
members of the school board, but to
every citizen, parent and taxpayer
having a due regard for the health
and well-being of our public school
children, why any human being or
any group could object to such a
manifestly wise and proper adjust
ment of the school situation re
ferred to as the school board now
contemplates. j
The so-called protest which aiessrs.
as
Fourth and Stark, Portland
Broadway 6481
Angeles New York Chicago
Kern and Munly have prepared will
no doubt receive due publicity in
time and their reasons for opposing
the proposed Holladay school site
and the necessary closure of these
streets bs set forth.
The school board by unanimous
vote is committed to the present
project, i. e., the creation of approx
imately a five-acre site in the log
ical center of the Holladay district.
Holladay is in no sense a decadent
nor an industrial section, as the
records of our school district will
indicate. Where are the factories
or industries to which Mr. Kern
refers located? Over 500 sxhool chil
dren were in attendance at the
Holladay school on the day of the
fir'e. Some 300 more are attending
a parochial school three blocks west
and nearer the river. A business
college is another institution within
two blocks of the school.
The writer has been a resident of
Irvington, adjoining Holladay, for
28 years and speaks from personal
observation and knowledge. In no
sense can the residents of Holladay
or the adjoining district be termed
"shifting."
For a number of years the school
children at Holladay have been
obliged to cross a paved street to
reach the school playground, always
at a greater or less risk in spite
of the temporary closnre of the
streets.
The school board is definitely
committed to the principle that our
elementary school sites now, and
hereafter, should contain an area
sufficient for the proper cara of our
children. With this in view, three
additional blocks have been acquired
from the Holladay Real Estate
company, at the assessed valuation
plus 50 per cent, less agent's com
mission.
Albert E. Doyle has been com
missioned to draw the necessary
plans for a modern elementary
school, a handsome structure, one
which will add to the value of all
property in the district and prop
erly care for the needs of ouo chil
dren in that section.
The necessary number of sig-.t-tures
required by law for the closic-e
tract have already been obtained. It
was a part of the original agreement
between the board and the owners
in purchasing the ground.
Mr. Kern refers to a possible site
adjoining what is known as Holla
day park. This possibility was care
fully considered by the board and
rejected, first, because any con
tiguous site would be practically
on the edge of Sullivan's gulch
and the noise of passing trains
would have made hearing of recita
tions practically impossible. Both
the north and south streets on
either side of Holladay park are
arterial streets extending through
and leading to both ends of the
city and traversed by so many ve
hicles that it would be utterly use
less to consider their closing or
the use of Holladay park as a play
ground. The board is mindful of the fact
that the use of our park blocks
for playground purposes has al
ready been enjoined and will invite
no more controversy along these
lines.
Again. Multnomah street which
A Few Investment Suggestions
From the "Choicest" List
MUNICIPAL BONDS
Due To Yield
Jackson Countv 5s 1933-37 4.60
Wallowa County 52s 1937 4.80
Klamath CSunty 5J4s 1941 5.00
Curry County 524s . .Opt.-29 5.10
Coulee City, Wash., 6s 1923-40 5.75
City of Tacoma L. I. D.'s 6s 1924 6.25
Imperial Irr. Dist. Cal. 6s 1952-53 5.95
FOREIGN BONDS
Dutch East Indies 6s 1962 6.25
Department of Seine 7s 1942 7.50
Republic of Bolivia 8s. 1947 7.90
Republic of Peru 8s 1932 8.00
Jugo-Slovakia 8s 1932 8.70
CORPORATION BONDS
San Diego Gas & Elec. 5s 1939 5.50
San Joaquin L. & P. 6s 1952 5.90
Amalgamated Sugar Co. 7s 1937 7.00
Jordan Valley Cattle Co. 7Js 1924-32 7.50
East Bay Water 6s ...1942 5.80
Call, write, "wire collect" or phone
Main 4195 for reservations
G'E'MILLER & COMPANY
MUNICIPAL
PORTLAND
SEATTLE
Second Floor Northwestern Bank
SAFETY
Seattle Portland
lies north of Holladay park is oc
cupied by a double-track streetcar
line. Practically every school child
in the Holladay district would be
obliged to cross these car tracks
several times a day during the
school term.
The objectors have made mention
of an overhead crossing for tho chil
dren, an absurd and impossible ex
pedient. Neither of the intersecting streets
which it Is proposed to close in or
der to create this school site are in
any sense arterial, nor is the area,
close to the bridges as an inspection
of the map will indicate. It is th
only school site which will take
care of the population which lle.i
between the present school site and
the river.
The present school board has
been obliged to face, and is still
facing, many grave problems in
connection with our public schools.
They are approaching them with
every effort and desire to do for
our 40,000 school children thHt
which is right and helpful, nor to
needlessly offend in any way the
parents and taxpayers of this city.
Mr. Kern and his associates are
injuring, not the school board, but
these children. They are hampering
the true progress of our schools. In
stead they should be in the attitude
of helpers. They have offered no
constructive alternative and if they
succeed in their plan. It will leave
the section of the city referred to
without proper pchool facilities for
roper pchool facilities for i
i come. It is a most re- J
situation and one without I
months to
grettable s
credit to the parties named.
W1L-LIAM F. WOODWARD,
Director.
ROAD TO SPRINGS BEGUN
Public to Have Access to Wnlor of
Medici mi I Quality.
LA GRANDE. Or.. Aug. M
(Special.) In the belief that the
medicinal waters of Fizz Spring in
the heart of the Cornucopia moun
tains, has benefited his health City
Commissioner Grandy has employed
men to construct a road several
miles down the mountain in order
that the general public may drive
from La Grande to the springs and
be benefited by the water.
Fizz springs have long been
known for healing qualities. The
Indians made regular trips there
each year. Its inaccessibility has
kept the public out until now.
CUCUMBERS ARE HUGE
Window of Hood Hlver Newspaper
Office Full of .Specimens.
HOOD RIVER, Or.. Aug. :9.
(Special.) Monster specimens of
cucumbers have been arriving daily
since last, week when Mrs. Lynn
Taylor, an Oak Grove orchardist's
wife, brought in .the first huge
"cuke."
Big cucumbers, apparently, are
the rule rather than the exception
in Hood River valley this year and
the local newspaper office's show
window is full.
II'
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J 1 ailVJLJUUtJ
BAIN rlCANClSCO
Building:, Portland. Main 4195
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