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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Feb. 9, 1919)
' TIIE SUNDAY OREGOXIAX, rORTLAND, FEBRUARY 9, 1919. 13 POTATO GROWERS HSK FDR HIGHER PRICES Stocks Remaining in pountry Are Not Heavy. DEMAND FOR SEED IS GOOD Markets in West and Southwest Are Holding Steady Oregon Po tatoes Are Firm. Potato shippers are paying $1.40-1.50 for good table stock, but he demand that Is coming: from California cow is mostly for seed potatoes. Planters In that state have always stood ready Xn take dry-land seed stock and prefer- Oregon potatoes to those grown In other Northwestern - stated. Ex perts continue to advise Oregon growers to keep up their seed quality and sugrg-est that they take the opportunity In the coming Spring to put In new seed, even though it is a matter of some expense to bring; in Eastern stock. The feeling In the country potato markets is firm, although the demand for shipping grades has not been active at any time. Supplies are not heavy, as the crop was a light one and home consumption has been greater than usual. The local market was a dragging affair yesterday. Three cars of Washington pota toes came in and Gems were qouted slightly lower at 1.751.90. Jobbers asked 1.50 1.70 for good Burbanks and down to $1.25 for ungraded. Shipments of Oregons were two cars to Gerber and one each to Stock ton and San Francisco. Downward tendencies were noticeable in Northeastern producing sections, sacked white stock declining in Maine and New York. The general tone at Middlewestern and Western shipping points was steadier. Sacked and bulk Wisconsin and Minnesota round whites were firm In the Chicago car- lot market at SL701.75. Jobbing steady at $1.7G2.10 in other Middlewestern markets. New York bulk stock held about steady at .1.D02.10 in Eastern markets, but sacked Maine stock weakened to J2.10ii62.20 in New York. Colorado stock was generally steady. Shipments. were again light. San Francisco quoted the best Oregon Burbanks at 12.15. At Houston, Tex., Ore gon stock was quoted at 11.90 & 2 for U. S. No. 1. OATS TRABrNQ IS AT STANDSTILL No Demand for Either Sacked or Balk Stock. The demand for oats has flattened out completely in the local market. Dealers are t-arrying good stocks and are unable to find buyers. At the Merchants Exchange yes terday there were no bids for either local sacked or Eastern bulk oats. Corn offers were GO cents lower than on Friday and barley was unchanged. Weather conditions in the Middle West, as wired from Chicago: "Winnipeg, cear, 2 above; Minneapolis, foggy, 10; Duluth, clear, tine;' Chicago, clear, cold; St. Louis, cloudy. 20; Kansas City, snowing, 20; St. Joseph, snowing, 28; Omaha, cloudy, 18; Ohio Val ley, clear, fine, light snow last night. Fore cast: Missouri, Kansas, generally fair to night and Sunday, preceded by light snow this afternoon, warmer Sunday, balance of grain belt generally fair tonight and Sun day, not much change In temperature; warmer." Terminal receipts, in care, were reported by the Merchants' Exchange as follows: Portland Wheat Barley Flour Oats Hay Saturday 8 12 1 ear asro 2 Total this week G7 Year ago 11 Season to date. 6107 Year ago 3623 Tacoma Friday ........ 8 Year ago ...... 9 Season to date.4S-l Year ago 3843 Seattle Friday 7 Year ago 10 Se-ason to date. 4644 Year ago ......3427 1 48 26 1714 C50 3 7 29 6S4 957 21 8 861 215 93 29 2434 1441 1 8 9B2 1271 6 13 2120 2495 24 73 128 204 2 4 495 904 1 51 256 076 1188 EGO MARKET GOVERNED BY STRIKE Baying Price of lYz Cents Is Put Out for Monday. The Seattle strike is the principal faptor in the egg market Just now, and the future of egg prices will depend on the course of the strike. Dealers believe that should the strike be settled by Monday the demand for eggs will continue at least two days more, as it will take that long to get supplies from San Francisco, should the Southern price be lower than Portland's. Receipts yesterday were very small, indi cating some holding back by country ship pers, which Is to be expected In the view of the recent advance in prices. Jobbing sales were made at 41 cents, case count, 42 42 M: rents candled and 4445 cents for selects. Buyers put prices out into the country dur ing the day ranging from 38 to 40 cents. One firm has issued a buying price for Monday of 414 cents, delivered Portland. Others quote "at market" in. view of the uncertainties of the situation. The butter market was unchanged. Cubes sold at 45 cents with the demand small. Prints -were active at the 49-cent basis. Very little poultry came on the street and it cleaned up at firm and unchanged prices. Top grades of pork and veal were also scaroe and firm, but heavy stock dragged with buyers not interested. APPLE MARKET HAS STRONG TONE Local Supplies Are Reduced and Demand Is Active. The local apple market was firm with good demand; no fresh receipts. Oregon i-hoice Newtowns were quoted at $1.7 2.25; extra fancy Spltzenbergs mostly at $3; fancy at $2.75; extra fancy Winesaps at $3 3.50; fancy and choice at $2.753.25; extra fancy Ben Davis at $2.50 and cookers of various varieties at $1.501.65. Shipments of Oregon apples were one car each to Baltimore. Chicago, Washington and The Dalles and three cars of canner stock to New York. Extra fancy Northwestern boxed Winesaps were steady at shipping points at $33-10 per box and were unchanged at $3.353.75 in most leading markets, reaching tops of $4 in New York and in a few smaller cities. The best New York Baldwins, A 2V4, from cold storage, ruled firm at shipping points at $7.50 per barrel and ranged steady at $7.754r8.50 in most leading markets. Exports not previously reported were From Boston to Avonmouth, England, 12,081 barrels and 17,144 boxes; to Glasgow, 18, 234 barrels, 18.395 boxes; to Manchester, 13.016 barrels, 12,970 boxes; from New York to England, S00 barrels. 2203 boxes. INCREASE IN WORLD'S WHEAT CROP Internationa Institute Estimates Gain of Eighteen Per Cent. The International Institute of Rome est! mates the 1918 production of wheat in Spain, United Kingdom, Italy, Luxemburg, Netherlands, Switzerland, Tunis, Egypt, Brit ish India, Japan, Canada and United States at 2,029,000,000 bushels. This is 18 per cent more than the crop of 1917 and 7 per cent more than the average of the five years ending with . 1916. Kye was 31 per cent more than the average of the five years end ing 1916, and 31 per cent more than for 1917. Barley shows an increase of 9 per cent and oats 3 per cent. According to Broomhall the weather in Argentina continues clear and mild. Labor conditions are reported much improved. The government's fixation of minimum export prices imparted strength to the entrie fu tures market and closing values were firm. The British wheat commission has reduced the price of corn in forward positions ISO 20s per. quarter. The greatest reduction is for Argentina corn, which is now offered for 70s, against 90c the quarter previous price. American, corn is 15s per quarter lower, viz., 76s for No. 3 mixed and 75s for No. 3 mixed. South African is 15s to 18s lower. Very little corn ' is being released by the government, the only sales reported being yellow La -Plata. BEAN PRICES TENDING DOWNWARD Limited Inquiry for Oregons Eastern Trade Dragging. .- - The Oregon bean market is holding at the basis of 6 cents to growers for navy peas and red marrows, with but little Inquiry and few sales. a. ' Throughout the country the general price trend still continues downward with move ment slow and draggy. California sacked Limas declined about 75 cents to a general range of $10 11.25 per ctL, with small whites steady in Boston at $9.25 9.50. Bulk Michigan pea beans declined to $6 3 6.50 to growers, hand-picked basis, and declined 50 cents to $80 sacked in leading Eastern markets. Bulk Pinto declined to " $4,759 5 recleaned basis at Colorado and New Mex ico shipping points. Shipments were be low the recent average. . FROSTED ORANGES ARB TCRNED DOWN Many Cars Sent to This Market Are Di verted to Other Points. Regarding the orange situation a lead ing local firm writes: "A good many cars of fruit showing signs of frost have been rejected and diverted to other markets. The Portland jobbers are till of the same opinion, and that Is, they positively refuse to handle any doubtful fruit. The market at shipping point is vers firm and advancing. We must confess, how ever, that there has been very little life to the orange business so far this season. We would not be surprised when the demand does materialize to see a quick advance in the f. o. b. price." Rank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: ' .. . Clearing Balances. Portland $3,lG5,8i 1 4r,0,247 Seattle 4,222. 904 18;i,U24 Tacoma ; 520,854 88.450 Spokane l,0Ui,922 364,843 Clearances of Portland, Seattle and Ta coma for the past week and corresponding week in former yeaVs were: Portland. Seattlei Tacoma. $3.507.S59 3.994,157 2.320.253 1.514,897 1.719,242 2.047.821 2,536,022 4.102, 055 3,621,225 1913 1918. .. . 1917.... 1916.. .. 1915 1914.... 1813.... 1912.... 1911 1910.,.. 1!K)9 1908 1907 1900 1905... 1 $23,884,000 $.10,991,569 16.995.417 32, 75.411 12,058,406 8.224.435 11.885.104 10.749.750 11.406.O34 11.084,549 !). 993,647 9,952,219 6.3O,440 4.089,792 6,847.74 3,909,040 2.981,245 16,213.756 9,362.563 10.G-'8,537 10.805.6-43 10,811.631 9,572.744 10.34S.S83 12,775,753 9.43S.888 6,059,812 7.140,528 7,040.322 3,81898 5,849,672 4,452,408 3.285.424 3,81U,92 3.245,629 2,388.265 PORTLAND MARKET QUOTATIONS Grain Flour, Feed, Etc Noon session Merchants' Exchange: ' -Bid.- Barley Feb. Mch. Apl. Standard feed $46.00 $46.00 $46 00 Standard "A" 47.00 47.00 47.00 eastern corn in bulk: Corn No. 3 yellow 63.50 63.00 62.50 No. 3 mixed 52.50 51.50 51.00 WHEAT Government basis, $2.20 per bu. i.uoit fateftts. $11. Oo per barrel; bakers,' $10.70 o 10.85 : whole wheat. $9.85 10; graham, $.659.80; corn meals, $9.50 if 1U..IU. MlLLFEEb Millrun, f. o. b. mill, carlots $45 per ton; mixed cars, $45.50; tons lots or over, $47; less than tons, $48; rolled barley. $541256; rolled oats, $u8U0; ground barley. CORN Whole, ton, $6769; cracked, $69 iff ii. HAY Buying prices, f. o. o. Portland: Eastern Oregon timothy, $30i32 per tool alfalfa, $26.50; Valley grain hay, $26; clover, $26827; straw, $9310. Dairy and Country Produce. BUTTER Cubes, extras, 45c j prints, parchment "wrauDeri. extras, box lots. 49c; cartons. 50c; half boxes, Vic more; less than half boxes, lc more; butterfat. No. 1, 45o per pound, station. EGGS Oregon- ranch, case count, 414; candled. 424x42c; selects, 44&J45C per dozen. CHEESE Tillamook, f. o. b. Tillamook Triplets, 38c: Young Americas, S9c; Coos and Curry County: Triplets, f. o. b. Myrtle Point, 35 94 c POOLTRl" Her.s. 80 32c i roosters, 18c tags, 20c; ducks, nominal; geese, nominal; turkeys, dressed, 42c. VEAL Fancy, 23c per pound. PORK. Fancy, 2Htc per pound. Fruits and Vegetables. Local Jobbing quotations: FRUITS Oranges. navels. '$4. 004.50 emons, (dtftl per box; bananas, 8Vsc per pound; apples, $1.50tr3.ov per box grapeirult, sjtuj.ou. VEGETABLES Cabbage. 12.25-83 per 10S pounds; lettuce, to per crate; peppers, 2--o per lo.; celery, i.uuuiv per craiej egg plant. 15fc-25c per pound; artichokes. $1.75 cauliflower, $l.i03.2o per crate; garlic, 00c per pound; squasn. AVic per pound; beets, $2.25 per sack; earrots, $2 per sack; turnips, $22.25 per sack; cucumbers, $2.25 per dozen; sprouts, 15c per pound; tomatoes. S4.o0 Per box. fUTAl-JbS Oregon . BuroanHs. graoea, $1.501.75; Yakimas, $1.75ia 1.1K); sweets. 46.4c. t ONIONS Oregon, $1.502 per hundred. Staple Groceries. Local lobbing quotations: aim a ti c.i-l. haul.- TV.-.. I ...- $9.55; beet. $9.25; extra C, $9.15; powdered in barrels. siu.2.; cubes in barrels, SIO.45. NUTS-Walnuts, 27&3oc: Brazil nuts. 32c filberts, 28c; almonds. 24 & 80c; peanuts, 15o SALT Half-ground, loos, 410.90 per ton 60s, $17.25 per ton; dairy, $25 per ton. KICE Unbroken. alalia per pound. BEANS Jobbing prices: Wilts, 8ViO 10 Vic; colored, 8 a 9c COFFEE Koasted, In drums, 23 0 400. Provisions. T.of.al tobblnc Quotations! HAMS All sizes, choice, S989MO) star"- ard, 38&3SV&C; skinned, none; picnic. 27c i-nttaE roll. 36c LAHO Tierce Basis. Z7Vsi compound, 23 '4 c. BACO.n rancy. Diwa; standard, 47(9 i9n- choice. 3ufti-44c. DRY SALT Short, clear backs, 28 H 84c plates, 23 27c Hides and Pelts. HIDES No. 1 salted, 30 pounds and up, 13Vic; No. 2 salted, o0 pounds and up, 12Vc No. 1 green, 30 pounds and up, lOVic; No. green. 30 pounds and up, VVfcc; No. 1 salts- bulls, 60 pounds and up, 10V4C; No. 2 salted bulls, 50 pounds and up, 9Vac; No. 1 gree bulls. CO pounds and up, 7c; ifo. 1 gree or salted can sums up 10 0 puunus, due No. 2 green or salted calf skins up to pounds. 28V4C-. No. 1 green or salted kl skins. 15 to 30 pounds, 14Vfcc; No. 2 green ealted kip skins, 15 to 30 pounds, 13c; dry flint hides. 7 pounds ana up, hoc; ory Hint calf, under 7 pounds, 38o; dry salt hides, pounds and up. 22c; dry sa.lt 4sa.1t, under pounds. 32c; dry cull hiaes, or calf, half price; dry stags, or bulls, 18c; dry sal ataa-a or bulls. 12c. PELTS Dry long-wool pelts, per pound, 15c; dry short-wool pelts, per pound, 10c salted lonis-wool lamb pelts. each. SI. a 2.50: salted sheep pelts, each. $1.25S2.25 dry sheep shearlings, each lSSSSo; salted sheep shearlings, each, 35cf50c Hops, Mohair, Etc. HOPS Oregon, 1913 crop. 38&40c per pound; 1011) contracts, 25c per pound. MOHAIR Long staple, 50c; short staple, 40c; burry, 15(&20c. TALLOW No. 1, 8c per pound: No. i, Bs per pound; grease. No. 1, 5c; No. 2, 4o pef pound. Oils. GASOLINE Bulk, 21c; engine distillate, bulk, 12c; kerosene, bulk, 10c; cases, 20u. LINSEED OIL Raw, barrels, $1.86; cases, $1.96; boiled, barrels, $1.8S; cases, $1.98. TURPENTINE In tank. 89c; cases, 89a Coffee Futures Sell Lower. 1 NEW YORK, Feb. 8. Thers was a re newal of scattering liquidation in the mar ket for coffee futures here today, and after opening at a decline of 3 to 6 points active Closing prlcesl May, 14.00c; July, 13.60c: September, 13.30c; October, 13.25c; Decem ber, 13.0'Jc; January, 13.00c Spot coffee, quiet; Rio 7s. 15 c; Santos 4s, 21c Dried Fruit at New York. NEW YORK, Feb. 8. Evaporated apples firm. Prunes wanted for export. Peaches firm. Wo pay 21c for flret-ciass logs. ' Wo pay 22o for first-class veal. We never charge commission. FRANK L. SMITH MEAT CO.. "Fighting the Beef Trust," 22S Aider St., JfortUnd, Or. Adr. REDUCTION'S IX FREIGHT RATES . WEAKEN MARKET. Metals Comparatively Steady, Ignor ing Ttuinors of Another Cut in Price of Copper. NEW YORK, Feb. 8. Proposed reduction of coastwise service and reports of ad ditional cuts in transatlantic freight rates caused moderately heavy selling of shippings In today's otherwise quiet stock market. Marine common fell a point, the preferred al most 2; United Fruit 8H and Atlantic, Gulf at west Indies 4)4. very slight recoveries en suing later. The balance of the list was under the same Influence which - prompted liquidation and hort selling the preceding days of the week. equipments and associated Issues showing further weakness. Limed States Steel lost a substantial frac tion, repeating its low Quotations of 68 H for the current movement at the heavy close. Canadian Pacific's loss of 1 points were ascribed to that company's shipping inter ests, other rails making no material change. Metals were comparatively steady, ignor ing rumors of yet another downward revis ion in refined copper. Sales amounted to 55,000 shares. A decrease of $53,000,000 in actual loans nd discounts and a contraction of almost $30,000,000 in excess reserves were the un usual teatures of the weekly bank state ment. Trading In bonds was fairly large, the general list shading fractionally with a new minimum quotation for liberty fourth 4Vi at y3.98. that issue rallying later. Total sales, par value. $6,650,000. Old United tates coupon and registered 4s advanced per cent on call during the week. CLOSING STOCK QUOTATIONS. Closing sales. High. Low. 50O 67 66 4.300 46 45 2,900 85 hi 84 H 80O 0S CSV High. 67 46 85 osu 63 Vi !"!. 4--H 69 Vi 157 67 6V 824 'if 63 14 223 62H 147 132 87U 43' " Pfl 20 SDH 30 9, Sale. Am Beet Sugar. American Can.. Am Car & Fdry American Loco. Am Sm & Kefir. 66-I1 45- 84 68H 114 101 r.H WOVi 3t 45 Vl . 68 ' 17 7,500 63 Vi 62 Va Am Sugar Kefg. Am iei ec. lei .. eoo 101H bOVi "62" 45 66 IDT-5-" 564 64 36 94 Vs 'aiiH 40H 62 Vs 22 't 62 Vi 15 14T 130 92 87 42H 64 V 25 88 V 80 V4 Anaconda Cop.. 2.300 Atchison A U &WISSL 7,700 Bait &. Ohio ... 300 Bethlehem B . . 1,600 & S Copper Canadian-Pacif. 1.200 157 564 P4'i 86V 1'4-H 2 2 Lb D'Mi 34 H 46H 62 22 Vi 62 15 147 180V4 2 37H 87 vi 42 D4 20 8H . so 113 29V4 105 Vi " 21 23 1BV4 71 28 105 SO 80 44 45 " 10 77 71 ' P7 20 50 128 1"0 S9 113 61 87 41 Central Leather 200 Ches & Ohio 500 Chi M & St P. . 800 Chi & N W .... BOO R I & P ctfs Chino Copper . . 500 Colo Fu & Iron. ...... Corn Prod Refg. 2.400 Crucible Steel . . 000 Cuba Cane Sug. 1,100 Disitll Securities 1,600 Erie 400 General Electric 200 General Motors. S.500 Gt Nor pfd 200 Gt Nor Ore ctfs 700 Illinois Central. nspir copper .. i,oo nt M M pfd . .. 13,400 nter Nickel ... 300 nter Paper ... 2.100 Kennesolt Cop.. 200 Louts & Nash .. ...... Maxwell Motors. Mexican Petrol. 3,000 lOOVl 1934 Miami copper . . ...... Missouri Pacif.. 800 23 4 16 71 Vi 23 H 16V4 71 Nevada Copper. 300 N Y Central . .. D00 NYNH&H. ....... Norf se West ... ...... Northern Pacif. Pacific Mall ... 700 304 44Vi 45Vi 29 V 4Vi 43 Pennsylvania .. 30" Pittsburg Coal.. 600 Ray Consel Jop. 1 1 . . . Reading 1,000 Ren Ir A Steel iftf 77 Southern Paelf.. 1.401) 9714 26' 50 1P0V4 120S 100 H S9Vs P7V4 20 49H 186 126H 9V4 88 Southern Ry ... 1.1 00 Studebaker Cor. 2.000 Texas Co 1.4'i0 Union Pacif . ... 700 U S Ind Alcohol 1.000 U S Steel 20,000 do pfd Utah Copper ... 1,700 Western Union........ 66 H 65 Westing Electric Bid. Ttonds, U S ref 2s reg. .flT Pennsylvania U S ref 2s cou . -7 ,1'nlon Pac 4s. U S 3s reg P9 U B Ptel f.s.. M 0 1001 U S 3s cou Rf) PoU Pac cv 6s. . 101 'i, U S 4s reg.. .104 Anglo-French r.n 7 U S 4s cou.. .104V4'U S liberty SVis 9S.P0 Atchison Gen 4s 83 IU S lib 1 con 4s M 02 .. 52IU S lib. 2d 4S:i e'2.70 T & R G. N Y On deb 6s Nor Pac 4s. . . . Nor Pac 3s. . . . DOViitJ S lib. 1 co 4Hl P4.P0 84 IU S 1IO 'Z CO -fS 591U S lib 3d 4V4s 85.10 !3ilU S lib 4 48. 4.03 Pao T & Tel 5s. .Boston Mining Quotations. BOSTON. Feb. 8. Closing quotations: Allouex 42 IN Butte Vi Arix Com 11-4I010 Dominion... -ik Cal & Ariz 57 Osceola- 4J Cal & Hecla...42S IQulncy 67 Centennial 1 3 '4 'Superion 4 Cop R Con Co. 40Vi:tup r Bos jvun.. 2 E Butte C Aline e-nennen ........ Franklin 24Utah Con 7 Isle R (Cop.)... 24-Wlnona 80 Lake Copper... 2 iwolverine J "2 Mohawk 49IGreen Cananea.. 40Vi HIGH-GRADE RAILS BIARK TIME Speculative Issues Show None of Their He- cent Strength and Activity. NKW YORK. Feb. 8. Problems arising from peace conditions commanded Increased recognltioln in this week's dull and lower securities market. Poor stslements of earn ings, lower dividends, labor disturbances and further heavy Federal expenditures were outstanding developments. Coming on the heels of the cut in United States Steel, the reduced disbursement to American Smelting shareholders directed further attention to the state of the metal Industry and cast doubt on ths ability of many other industrial dividends. Transportations 01 tne Detter class maraea time, but low-grade or speculative Issues evinced none of their recant strength and activity. Reasons for the weakness of ship pings were furnished by the sweeping cut in rates. Foreign bonds were relatively stronger and more active than d.omestlo flotations, ths French group in ssveral Instances rising to new maximums. STOCK DEMAND LACKING FEW SALES AT NORTH PORT LAND AT CLOSE OF "WEEK. Puget So rind Bayers nave With' drawn; Cattle rices Steady and Unchanged; Hogs Weak. Three cars of stock Were received at ths yards but only a few odds and ends were sold. With northern buyers inactive and only a moderate trade here, the market Is more or less normal. The feeling in the hog market at the close of the week was easy, but sheep and cattle were considered steady. Receipts were 15 cattle, 128 hogs and 53 sheep. The day's sales were as follows: WtPrice.l Wt. Prl 32 hogs... 205 $ 40 1 cow 830 $7.00 13 hogs... 113 14.25 2 cows 8O0 6.50 1 cow. S30 7.251 Quotations on the various classes of live stock at North poruana iouow; battle Price. Best steers. $12.50&13.25 Good to choice steers... 11.00b12.50 Medium to good steers H.50H 11.00 Fair to good steers 8.6(lfl 9.50 Common to fair steers 7.50'e 8.50 Choice cows and heifers 9 25il0.25 Good to choice cows, heifers ... 8.75-9 7.73 Medium to good cows, heifers.. 7.50-9) 8.50 Fair to medium cows, heifers... 5.76Ti) 6.75 Canners 8.50 6.00 Bulls 6004 9 00 Calves 9.00 n 13.50 Stockers and feeders . 7.00'(fll.00 Hogs Prime mixed 16.2518.40 Medium mixed 16.00'u 16.25 Rough heavies 14. 25i 15.00 Pigs 12.00(14.00 Sheep Prime lambs 13 75-14 25 Fair to medium lambs 9.00'ull.OO Yearlings 10 00 -it 11. no Wethers 0.00 -ii 10.00 Ewes 6.60 8.71 ORIGINS OF LITESTOCK LOADED Shipments to the Leading Markets of the Pacific Northwest. State origins of livestock: loaded February 7. 1919: Cattle. Horses. Mixed Calves.Hogs.Shsep.MuleaStock For Portland Idaho 6 3 Oregon .......... 3 .. .. 3 Washington .... 4 Totals Portland 10 5 One week ago.. 8 10 Four weeks ago. 26 8 One year ago... 21 For Seattle Idaho ........ Oregon South Dakota Washington . . Totals Seattle. 4 6 One week ago.. 2 12 Four weeks ago. 28 21 One year ago... S S f or Spokane To aho .. 1 ontana .. 1 Kansas ........ 1 .. Washington Totals Spokane 1 2 One week ago.. .. 1 Four weeks ago. 10 5 Chicago Livestock Market. CHICAGO, Feb. 8. U. S. Bureau of Mar kets.) Hogs Receipts 12.000, market active, lOo higher than yesterday's average. Bulk of sales. $17.55917.90; butchers. $17.T.1?18: light. 117. 254r 17.75; packing. $16.85617.65; I throw outs, $16,253-16.65; pigs, good to csaice, limn. , Cattle Receipts 2000, compared with a week ago: choice and prime beef steers 25c higher. Other grades, 50c to 75c higher. Fat cows, heifers and bulls. 50c to $1 higher; cannerf and cutters steady, calves $1.20 to $150 higher; light stockers, 25c v. ; t. .. - a c . . n -T - Sheep Receipts 20O0. compared with week ago. fat lambs and yearlings 50c to 75c higher. Sheep mostly 600 higher. Feeding Iambs, 10c to 2..c higher. GOLD EXCHANGE PLANNED ARRANGEMENT TO FACILITATE FOREIGN BUSINESS. Federal Reserve Board Suggests In , tcrnational Fond Be Estab lished to Settle Balances. WASHINGTON. Feb. . -Willingness to undertake development Of an international gold exchange fund to facilitate financial transactions between nations without Setual hlnment of s-old. was expressed todsy br the Federal Reserve Board In its report for lum ThU arrangement would o similar to thitt now malntalrred br ths board to set tie balances between banks within the United States. The gold would be deposited in trust in some government bank to guaran tee exchange obligations, end It was pro posed that the fund shonld he limited to current commercial and exchange transac tinna. The report disclosed extensive operations 6f ths Federal Reserve Board's system of regulating foreign exchange transactions to prevent dealings on enemy account Agents were maintained at all cable offices and these co-operated with other Government rrw!lpa lo detect enemr transactions. Total Durehases and sales of demand and cauls .Trhnn rom between dealers in the United States from February 20. 11S. when the regulation became effective, to December PI, wnr i5.15ROOO.OO0. of Which 13.717.000,000, or 72 Der cent, were tar exchange on Great Ril.ln. the report told In cryptle flrMtnclst terms how the Federal Reserve system in this coun try functioned in co-operation with m Treasury in tremendous war tasks of rais in., lih.t-iv Innn. finntin eertlflcate Issues. settling trade balances-, discounting billions of commercial paper, assisting tn the ration Ins- nt aanltal and similar activities. "Ths ability of the country to abaorb lit- vaRtmants has Droved far greater tnan an tlclpated." said the report, "and our credit structure, although expanded, ia unshaken. We have no currency problems and ren ditions are not comparable with those which existed at the close of the Civil War." Warnlner against danger in ths post-war r..dtiiRtni.ni. tha board anln : "IJrastlc contraction would bs followed by results no less disastrous than those which would attend undue expansion, Snd ths proc esses of deflation must, therefore, bs per mitted to work themselves out la a gradual and orderly manner. The Federal Reee-rv Mya It now indue. as eso stats banks and truat companies. SAX FRANCISCO PRODTJCB MARKET Prlce-a Current es Eggs. Vegetables, Fresh Frnits, Etc., at Bay City. PAN FRANCISCO, Feb. 8. Butter, 112 He. Kggs Fresh extras, 43c; fresh extra pul lets, 41c. . Cheese New firsts, J4e; California Young Americas, unquoted. Poultry Hens, B537e: young reenters, 47 f38c; broilers, 45eR0c; fryers, 40M5e; tur- key dressed, 3M41c; geese. SBtfSlc; pig eons. s-j.Ku4: squaua, oourtiuc. Vegetables Asparagus, 40c; celery. fS.OO O7.00: sQuash, cream. 7Sell: hubbard $1.50 1.7ft; eggplant. nlfBHe; peppers, bell. 20 25c; chile, 120 loci tomatoes. No. 1, $304; lettuce, Los A-ngeles, $8. 25 ft 3 50 potatoes. Salinns. $2.402.60; rivers. $1.50 '2; sweets, s--ou-'i .65; ary onions, 91. 65-LOO green, s 1. 1 ;i "t.d : garlic. au04oc; caull flower, 7 5 90c; beets, fl.nOWl.78; carrots. $1.25 91.50; turnips, $1.5501.50; green peas. luvnci rnuoarD. eeriuc; mushrooms. 409 50c; bruasels sprouts, 0tr7o; cucumbers. $3.2593.50: spinach, $3.50(34.50; cabbage. early uai uutcn. wrvi-ic. Fruit Lemons. $2.50U4.75; oranges. 13.50 &4.50; tangerines and mandarines, $2.50'r3 grapefruit. 2.50(?3: bananas. 708c: pine apples, $3 50tf5; apples. Newtown Pippins. 9.rff z.nu; Oregon tpiizenoergs, $33.25 Winter jvellls pears, xt'trs.ao. Receipts Flour, 10.1S5 quarter sacks; bar ley, llhl centals; beans, 115 sacks; potatoes 11.70U encKSl onions. 2-1 sacKsi hay, 271 tons; niaes, juu; wine, ui.tiuu gallons. Money, Exchange, Etc NEW YORK. Feb. 8. Mercanttl I a. paper, unchanged. 5.45V; cables, 5 45. Guilders, unchanged? Lire, uncnangen. Mexican dollars, unchanged. LONDON, Feb. 8. Money and discounts one hanged. Decrease in Surplus Rown, NEW YORK. Feb. 8. Ths setual eondl- tlon of clearing house banks and trust com panles for the week shows that they hold $37,401,720 reserve In excess of legal re qulrements. This is a decrease of $29,815,67 from last week. Cotton Market. NEW YORK, Feb. 8. Spot cotton. Ciulat. Middling, .rc. Oswego Principal Re-elected. OSWEGO, Or., Feb. 8. (Special.) At a recent meeting of the School Board Chester A. Lyon was re-electe principal of the Oswego schools fo next year, Mr. Lyon is founder the "big- brother farm for boys" at Lebanon, Or., and for the past flv years he has been connected with th public schools of the state during the school year. Phone your want ads to The Orego nlan. Main 7070, A 6095. "SecuritiesSuggestions" Among other interesting features, the la st two issues of this semi-monthly publication contain the following: FsMrt f tie Oil boostry CrJcs Serrice Beast Aaerioa Linseed Co. As AttracuVt Drnrtifiea Iarettmeot This with booklet describing . The Part Payment Plan mcill he tent free. WiBemjot "BP." R.C.MEGARGELtf ca " Z7 Pine Srct-Ncw YtlJ ' ANNOUNCEMENT We are pleased to announce that we have purchased the entire stock and structural business of the North west Steel Company and are pre pared to furnish all classes of fabri cated and structural material, bolts and rivets. We hope to (five all or ders, both large and small, the same careful attention and excellent serv ice of which our predecessors have been so justly proud. y NORTHWEST BRIDGE & IRON COMPANY CORN SELLING IS HEAVY TALK ABOUT PRICE FIXING CX SETTLING FACTOR. Early Advance in Chicago Market Is More Than Wiped Out; Oata Lack Support. CHICAGO. Feb. 8. Persistent heavy spec ulative selling, associated with goalp about price fixing for basic commodities, mere than wiped out advances In the corn market today. The oloae was nervous at the same as yesterdays finish to 3o net lower, with May $1.12 to $1,121 and July $1.US4 to $1.U8. Oats lost 3 to lc. In provisions, there were gains of 37 to 95c Oats were weak throughout the day. Support was lacking. Reports that packers hsd received lib eral new orders from the Government hoist ed provisions. Shipments during the week were far In exceaa of the totals a year ago. Announcement of the olrntnr of a $200.- 000.000 grain pact between Argentina and entente allies had an Important bear ish influence this week on corn, snd so. has ecided a falling off in domestic feeding tie- menus. Among the chief depFesalng as pects of the Argentine agreement was the beence of any specif lratlon as to minimum rices. V. eakness was offset only In part by later advices asserting the Argentine overnment would prohibit exports unless at much higher level tnao current cjuoia- ions, and that industrial troubles In Ar gentina were greatly curtailing shipments from that country. On the other hand. enartty of domeatle producara In refusing let ro or holdings were more man counterbalanced by evidence that feeding requirements had shrunk, and by the be ginning of a movement at vastiington to rrange a government pries basis xor com modities. Leading futures ranged as follows: CORN. Open. High. Low. Close. Feb $124 $1.25 $1.1U I1.20H March .... 1.20V 1.20 1.1S l.isv, May 1.13 113- 1.11 1.12 uly 1.09 Vi l.OOVs 1.07 l.USH OATS. Feb. . March May . , .58 . .56 . .56 . .64 .50 .50 4 .66 -4 .55 H .55 Vi .55 .53 .55 Vj .554 .55 V, .53 July . MESS PORK. May 8T.0O 87.86 37.00 37.85 LARD. War 23.00 23.30 22.97 23.30 July 22.10 22.35 22.10 22.32 PHORT RIBS. Mar 9100 21.32 20.97 21.32 Cash prices were! Corn No. 8 yellow, nominal: No. 4 yel low, $1.21 91-23; No. 5 yellow. $1.1S?1.20. Oats No. S wnlte, ooHrc; sianaara. setter 69c. Rye No. z. f 1.ZIH1..IID. Parley B0?5e. Timothy $74? 10. Clover Nominal. Pork Nominal. Lard (24. Ribs $22tf8. Minneapolis Grain Market. MINNEAPOLIS. Feb. 8. Barley, 74S6c, Flax, $3.80 . 1.32. Grain at d BAN FRANCISCO, an Francisco. Feb. S. Flour, $1L45 net hfrl Grain Wheat, reaerai Dasis, :.iv; wmiw ed oats. Unquoted: California yellow corn, $2.7B 2l: barley, feed, $2.1002.15. Hay Wheat or wneat and nats, r.v tame oata. $21.00 23.60; barley, 11618; alfalfa. $1619; barley, straw, BOffSOc. Meals Alfalfa. I3Jir34l cocoanut. un quoted. . F astern Dairy Ft entire. Nfcw YORK. Feb. 8. Butter. lower creamery higher than extras, 4-Jauc; extras, 4Slf4te; firsts, 44Vt947Vc. Eggs, weak; uncnangea. Cheese, steady unchanged. CHICAGO, Feb. 8. Butler, unsettled Creamery. 3. 0 45 It C. Fggs, lower. Heceipts, BUOl cases; xirxis. STe37V4c: ordinary firsts. 3636Vsc; at mark, eases Included, notiaTc. XaTsJ Stores. SAVANNAH. Gt, Feb. 8. Turpentine firm, SOttei sales, 81 barrels; receipts. 18 barrels: shipments. 27 barrels; stock. 30.018 bsrrele. Rosin Insetlvss sales, none: receipts. barrels; shipments, none; stock. 5S.i07 bar rels. Quote: P.. 113. l': l). E, mis; - $13 SO; G. $13.25; H. $13.35: I. $13.60; K, $15.7S; M. 16.25; N. $16.30; WU, $16.30; vw. Jin 7.1. OVERBEGK & COOKE GO. Broker. (Mocks. Bonds, Cotton, tiraln. l-.tr. C18-111 BOARD OF TRADE BLDO. MEMBERS CHICAGO BOARD OF IK.1UE. MEMBERS Correspondents of Logan Bryan, Chicago and New lorlu New York Stock Exchange. Chicago Stork Exchange, lloxton Stock Exchange. Chicago Board of Trade. New York Cotton Exchange. New Orleans Cotton Exchange. New York Coffee Exchange. New York produce Exchange. Liverpool Cotton Aas'n. $10 TOCK OPTIONS $20 Most satisfactory all methods of speculation. Loss limited to small cost option. PROFITS UNLIMITED. Special letter 103 explains folly. RANDOLPH ROE 50 Broad St., New York City . IMPORTANT! Keep ytur L1HKKTY POSDS and you will tiUKELY make a PROFIT ort them. Write for I B. Letter 1. Will te'.l you WHY. THE TRUTH ABOUT THE OIL BUSINESS 12-PAGE BOOKLET Furnlahlnjf Facts and Information About the Oil Business. Oil Terms Explained: Value of an Oil Well; Flush Production: Are Oil Ftocks Speculation? What should be earned to make Stocks Worth Par. etc., etc. This Interesting Booklet and Map of Mid Continent Oil Fields In Colors sent FREE on request without obligation. CI RR1KK AND COM PANT, 680 Republic Bltlc, Kansas City, Mo. BETTER STOCK MORE RPOFIT when you use an INDIANA SILO Spaulding Logging Co. Salem, Or. HOW TO SUCCEED IN SPECULATION A 82-pas;e booklet full of valuable In formation, tellg of the ONLY reliable way to obtain profitable results. ilt's 1'RtK upon request. W. C. MOOKK Kstatillshed 1S s Wall llt. New York TRAVELERS' C.ODK. AUSTRALIA Honolulu. Suva, Now Zealand uNiDim iustr.usimH royal wail m Larfreat. newest, best-equipped temer. For fores and Mil (nes apply Can. Pac. Kail way. 6S Third aSt. ft'ortland, or (ineral Ajent 440 bejmour bt Vancouver, B C WE QWN AND OFFER, SUBJECT TO TRIOR SALE AND CHANGE IN PRICE: , Government and Municipal Bonds Rate 62,000 Astor!a Municipal Gold Bonds... 5 1.000 'Astoria. City of. Orejron, Water.. S 468 Astoria, City of. Municipal 6 1.000 tAstorla, City of. Or, Im. Sr. No. 15 8 8,600 fForest Grove, City of. Or.. Rfds. 6 10.000 'Portland. City of. Ore., Water. .. . 4 8.000 'Portland. City of. Ore., Water.... B EO.OOO "Portland, City of. Ore.. Dock.... 4 6,000 'Portland. Oretron. City Hall 5 6.000 'Clarke County, Wash.. Funding.. 4 3.000 'Klnsr Co., Wash..- Harbor Imp 4 '-'. 1.000 'Seattle, Wash.. S. D. No. 1 4 1.000 'Seattle. Wash., S. D. No. 1, Ser. 8. 4 -j 6,000 'Seattle. Wash., S. D. No. 1 44 1.000 tCoeur d'Alene, Idaho. Refdg.... 6 1. 000 t " " " " . 6 3.000 'Gooding Co, Ida., nigh & Bridgre 6 3.000 " " 6 1.000 'Nes Perce County, Idaho 6 1.000 t Federal Farm Loans 4'i 65.500t'Alberta, Province of 4'i 67,400 t Alberta, Province of 6 S 100.000 'Hritlsh Columbia, Province of... 4Va 18.000 'Dominion of Canada Gold Notes. 6 1.500'tDominton of Canada 6 67.200 ) Dominion of Canada Guaranteed. 4 6,000 'Edmonton. City of 6 18.000 'Greater Winnipeg Water Dis.... 5 79,000 'Greater Winnipeg Water Dis.... 6 45.000 'Greater Winnipeg Water Dis 5 14,000 'Greater Winnipeg; Water Dis 6 47,000 'Greater Winnipeg Water Dis . 6 100,000 tManitoba, Province of 6 4 69,000 JMontreal, City of. Pro. of Quebec 6 65,000 tMontrcal, City of. Pro. of Quebec 6 1.000 'Saskatchewan, Province of 6 25.000 'Saskatoon. City of 5 11,000 'Toronto, City of, Ont 5 2.000 I American-Foreign Sec. Co 6 10,000 'U. K. Great Britain Gold Notes.. 64 United States Government Liberty Loan Bonds If you must SELL, your Liberty Bonds. SELL to T3. If you can BUT more Liberty Bonds, BUY from US. We buy and sell Liberty Bonds at the market. The closing prices of LIBERTY BONDS on the New York Stock Exchange for week ended Friday, February 7, were as follows: 3V&s lst4s 4s lsHs 2d4,a 3d 4 Vi s 4th 4 Ks Saturday 99.00 93.16 92.90 95.50 94.46 95.48 94.50 .Monday 99.08 93.02 92.90 95.50 94.48 95.44 94.40 Tuesday 99.00 93.00 92.82 95. 5S 94.40 95.40 94.38 Wednesday... 99.00 93.02 92.90 95.36 94.30 95.12 94.10 Thursday 88.98 93.04 92.80 95.20 94. 2S 95.10 94.06 Friday 98.90 93.00 92.80 95.00 94.18 95.06 94.00 Denotes fractional bond. tDenotes bonds of $500 denomination. Denotes bonds of $1000 denomination. Denotes bonds of $100 and $1000 denomination. Denotes bonds of $100, $500 and $1000 denomination. ) Denotes bonds of $972 denomination. SAFES DEPOSIT VAULTS Morris Brothers, Inc. The Premier Municipal Bond llonae Established Over SS Yearn 300-311 STARK STREET, BET. 5TII An 6TH (GROUND FLOOR) Telephone Broadway 2131 NOTICE! To Delinquent Subscribers for Tear out thiB advertisement, sign your name in the blank space below and 'mail to us with your receipts en closed, and we wil complete your payments (providing you cannot or do not care to do so yourself) and we will imme diately reimburse you at the New York Market price less the amount necessary to complete your payment. NOTE Brokerage charges: For each $50 or $100 subscription, $1.00. For prices on Liberty Bonds see our ad in the Financial Column on the Classified page of this paper. . - STOCKS BONPS 231 U.S. NATIONAL! BANK. BLDG. Seattle 7. S. S. Sailing 9 P. M. Monday From Municipal Dock No. 2 Direct for SAN FRANCISCO, LOS ANGELES AND SAN DIEGO A 3332 Ticket Office 101 Third Street Main 1466 r INSURANCE FUNDS TO LOAN On First-Class Residence and Farm Property Lowest Rates No Commission Commerce Safe Deposit and Mortgage Co. 91 Third Street Main 3067 GrounrJ Floor Chamber of Commerce Bldg. PHONE YOUR WANT ADS TO TIIE OREGONIAN, Main 7070 A 6095 Maturity Price Yield A&O 1S2S-5S 100.00 5.00 J&J 1937 100.00 6.00 Sap I9S6 To Net E.E0 FA 1832-38 104.60 6.60 M&-N J8S5 108.21 5.25 MA.-S 1937 93.66 4.50 J&J 1923 101.81 4.50 JA-D 1943 97.08 4.70 J&J 1923 100.96 4.70 J&J 1921 9S.14 4.80 Nov 1931 9S.13 4.70 M&X 192S 95.00 4.70 MA.-N 1928 SS.55 4.70 MAS 1926 98.82 4.70 J&J 1925 103. S3 5 25 J&J 1926 104.35 6.25 JJ 1929 102. S7 5.60 J&J 1930 102. S7 5.60 J&J 19.15 105.38 5.50 M&N 192237 100.81 4.25 F&A. 1924 95. 6S 6.50 J&J 1939 100.00 6.50 J&J 1926 93.92- 5.50 F&A 1919 100.00 6.00 M&S 1937 96.50 6.30 J&.l 1962 75.53 5.50 J&J 1921 100.00 6.00 J&J 1921 97.71 6.00 J&J 1922 96.88 6.00 F&A, 1923 96.50 6.00 J&J 1923 100.00 6.00 J&J 1924 100.00 6.00 F&. 1939 100.00 6.50 M&N 1923 100.94 6.75 J&D 1922 100. S8 6.75 M&N 1921 98. SS 6.75 J&J 1944 87.14 6.00 J&D 1921 98.65 6.75 F&A 1919 100.00 5.00 M&N 1919 100.50 6.00 I F.iplasatery N t e Tour signature In the blank below srlves us the necessary authority to makes this transaction for you.) I hereby assign all my Hunts to Receipt No. and the bond referred to therein to Klwood Wiles Company. Name. Notice to Seattle Benderst -Office Located at liOl L. I. Smith Bids. v .TaoABMIRAL LINE.) QUEEN