THE SUA DAY OKEGOMAX, TOKIXAXD, JANUARY 11. 1920
2!
FALL APPLES ARE
" HOT YET CONSUMED
East Has Not Begun to Eat
Winter Fruit.
FROZEN STOCK DEPRESSES
Market During "Week Exhibited
Easier Tendency; Cheaper Grades
Are Moving locally.
Stocks of apples on the local market
were large and with the demand small and
kuylnr confined principally to culls and
Jumble pack, the tons of prices was easier.
Dealers quoted Spltzenbergs, extra fancy,
st $2.753. according to size; Rome Beau
ties, extra, fancy at $3.25 and fancy at S:
NmrtoTM, $28: Ortleys at $1.B02.M.
nd some frosted Winesaps, fancy, me
dium sizes, at $1.75.
In the eastern markets, frosted boxed
apples continued to be a bear factor, but
the trade here is equally concerned orer
the fact that the east is still eating; fall
apples, while the winter rarietlea have
scarcely been touched. There are hopes
that this situation will soon be remedied,
however, as some Inquiries for Hood River
Kewtowns have been lecelved.
Apple shipments from Oregon on Friday
were 20 cars. Boston wires reported sales
f extra fancy Staymens at $3.25 and
frosted extra fancy Jonathans and Spitzen
tergs at $2.25 2.35. At New York, three
cars of Wineeaps averaged $2.01 at the
auction sale. Chicago reported average
prices of $2.95 on Winesaps, $3 on Deli
cious, $2.55 on Jonathans and $2 on Rome.
Pittsburg sold frozen Winesaps as low as
$1.80.
No carlot sales were reported In the
northwest during the day except rollers.
Yakima quoted fancy Homes, medium and
large, ar $1.75. Shipments of boxed apples
for the week were 669 cars, a gain of 52
over the preceding week.
In the barreled apple markets, western
New Tork shipping points reported Bald
wins A-2V4 slow and draggy at $7.50 per
barrel f. o. b. Leading Jobbing markets
quoted this stack about steady at $7 8
for best lots. New York Greenings A-2V?
were steady to firm in New York ar.d Chi
cago at $9$ 10. Southeastern York Impe
rials ranged $6.508, and middle western
Jonathans slightly weaker at $3.50 9. 20.
Barreled apple shipments were 209 cars,
an increase of 24 over the previous week.
Exports of apples from September 1 to
txscember 4 were 363.004 barrels, of which
nearly two-thirds were shipped In No
vember. British apple markets have been slow
and weak. The best Maine Baldwins were
quoted at $8 a barrel at Liverpool on De
cember 2. -Toronto quotes No. 1 Baldwins
at $7.0O8 a barrel.
BARLEY STORAGE SPACE IS FELL
Strong Premiums Bid for Wheat for Ship
ment Eat.
Full premiums were quoted in the wheat
market yesterday for grain to be shipped
east.
In the coarse grain market trading was
dull. Dealers have ceased to bid on bar
ley for lack of storage space. Corn bids
at the exchange were 25 30c lower and
there was a similar decline In oats.
Weather condition In the middle wfrjrt.
as wired from Chicago: "Cloudy and cold
all over except western Missouri and east
ern Kansas and Omaha district and Ken
tucky, which are clear and cold."
Broomhall catoles as to corn and oats
prospects in the United Kingdom: "Pros
pects for future supplies of corn in the
United Kingdom continue to improve. The
royal commission states that there are
28.000,000 bushels of Argentine corn bought
but still remaining unshipped Xrom the
southern grower. Leading firms here state
. that if all this corn is coming to this
country, as is expected, this supply, to
gether with the offerings of free traders,
will be sufficient to satisfy the demand, at
the present rate of consumption, for 28
weeks. Many steamers have been char
tered to carry grain from Argentina to the
United Kingdom during January. Febru
ary and March. The consumptive inquiry
for oats has quieted down and sellers are
offering at concessionary prices in order
to effect sales. Freer offerings of plate
sorts are in evidence."
Terminal receipts, in cars, were reported
by the Merchants' Exchange as follows:
Portland
Wheat Barley Flour Oats Hay
Saturday .... 22
1
16
5
14
Year ago... 11
Total this wk. 108
Year ago 89
Season to date . 5264
Year ago ...5825
Tacoma
Friday 18
Year ago... 5
Season to date . 4025
Year ago... 4153
Seattle
Friday 5
Year agro. . . 16
Season to date. 3801
Year ago... 4370
8
15
144
812
8
90
19
2433'
1523
2
11
17
54
80
1032
871
61
2182
64
20
130
128
575
894
189
48
441
893
474
473
829
2003
WINTER GRAIN PROTECTED BY SNOW
Wheat Condition Is Good In Northwestern
States.
The crop situation in the Paclfio coast
district is reported by the weather bureau
as follows:
Arizona Wheat and barley in lower val
leys making fine growth.
Utah Rather general, heavy snow fell
early in December, especially In southern
counties. Remainder of month clear.
Idaho Winter wheat was protected by a
good snow cover.
Washington A snow covering protected
winter wheat. Warm rains later melted
err snow, which soaked in, leaving the
ground bare. Winter wheat appeared in
very good condition, considering lateness of
seeding.
Oregon Wheat, generally snow covered
escaped Injury.
aniornia termination of wheat and
' j aruwia oi aiTaira and new
grass were slow. Plowing resumed and
considerable seeding done.
FIVE-CENT DECINE IN BUTTER
Prints Will Sell at 61 Cents. -Box Basis,
Monday.
The print butter market will be 5 cents
lower Monday, in spite of a steady shrink
age or receipts, the market has been
creasing in weakness. The falling off in
consumption la variously attributed to high
i ana a larger use or oleomargarine.
Extreme weakness in the north was also
a tactor in depressing values here.
Prints on Monday will be quoted at 8
aents, plain wrapped, in box lots, and car.
ns at 63 cents. The buying price of but
Tcnai win De reduced 6 cents to 61C2
cents at stations. In view of ths asming
decline, there was no demand for cubes
yesterday. Extras wars ejnoted nominal
at 60 cents.
The new wholesale quotations will mean
a retail selling price of 70 cents, and it. is
hoped this will stimulate local consump
tion. HIC.HF.R EGG PRICES ARE IN SIGHT
Various Factors Tend ta Lift
Va'nes is
Local Market.
Ths agg market was firm. -Sales of
fresh ranch were made at 61 cents case
count, and candled ock was quoted at
8r5 centa Selects sold at 68070 cents
and one firm will advance its pries on
ssiacls Monday to 71 centa. Oregon I tor-
age sold at 4 cents. A 2-cent advance In
the cash buying price of fresh ranch will
go into effect Monday. Egg receipts have
been light for some time past and there
has also been Inquiry on the market from
the outside. With Chinese and other for
eign eggs on the market, dealers are
naturally not averse to seeing the level of
egg values raised.
Arrivals of poultry and dressed . meats
were small and price in both lines were
firm.
PRICES
WILL BE MAINTAINED
Imports and Government Sales) Do Not Af
fect Wheat or floor.
It is becoming increasingly clear that
the wheat market and, consequently, the
lev I" of flour prices, is not likely ts bo
broken by either imports from Canada or
sales of wheat and flour by the grain
corporation, says the Northwestern Miller.
Canada's export plans have apparently
not as yet been formulated, but the sudden
Increase in Canadian prices s week ago
and the admittedly small amount of spring
wheat and spring-wheat flour available
for export have combined to show that
the Influence on domestic prices of what
ever shipments may be made will be very
slight.
As for the grain corporation's selling
campaign, the chances are that the Im
mense consumptive, demand will absorb
everything that is offered, without reduc
ing the call for flour at current prices
through the ordinary commercial channels.
FOUR CARS POTATOES TO STOCKTON
Local Marks - Is Firm With No Fresh
Arrivals.
There was a firm local market for po
tatoes without change In price. The best
Oregon Burbanks were quoted by Job
bers at $4.504.75 and second-grade at
$3.7504.25. Yakima Gems were held at
4.BO5. Four cars of Oregon potatoes
were shipped Friday to Stockton. There
were no arrivals on the local market yes
terday. Idaho Falls, Idaho, wired: "Practically
no hauling on account of weather. Cash to
growers, no sales reported. Buyers offer
ing. Rurals $3.75, Russets $4. Carloads f.
b. cash track. Russets, mostly $4.la.
Bank Clearings.
Bajik clearings of the northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland J5.232.lfl0 $ 002.339
Seattle v 6,161, S81 1,356.008
Tacoma 003.780 It 1,945
Spokane 2.114. 2H6 687.276
Clearings of Portland, Seattle and 'la
coma, for the past week and corresponding
week in former years were:
Portland. Seattle.
..$33,073,356 $38,250,513
Tacoma.
$4,552,780
4,892,581
4,070,313
2,763.108
2,038,598
1,031,268
2.179,282
2.850,023
4,402,300
4,026,518
1920. .
1919. .
25,593.985
18.901,018
15.463.821
10,610,340
11,029,742
12,524,418
11.779,248
10,210.001
9,528.084
35.SU1.518
918. .
917. .
916. .
27.182.272
18.238,782
12,299.285
12,186.805
13.924.1.32
12,025.530
10,854.606
9.097.487
1915..
914. .
1913. .
912. .
1S11. .
PORTLAND MARKET QUOTATIONS
Grain, Flour. Feed. Etc
Merchants' Exchange, noon session:
-Bid.-
Oats
Jan.
Feb.
No. 3 white feed
. .$63.50
$64.00
Barley
No. 3 blue
70.00
58.00
Corn
No. 8 yellow v 5.8.00
eastern oats and corn in bulk:
Oats
3(i-lb clipped 61.50
33-lb.. clipped 62. 0O
62.00
62.50
Corn
No. 3 yellow 58.50
58.75
Barley
No- 2 70.00
70.00
WHEAT Government h, , '
20
per
DUffnei.
FLOUR Patents. $12.85: bakers' hard
wheat,- $12.95: whole wheat. 111.25: ara-
ham. $11; valley. $11; straights, $10.70
per barrel.
MILLFEED Prices f. o. b. mill, city
cartage $2 extra. Mill run, car lots or
mixed cars. $43 ton: rolled barlev. 176.
rolled oats. $09: ground barlev. $76:
scratch leed, $84.
CORN Whole. $70: cracked. $72 per
ton.
HAY Buying prices, f. o. b. Portland:
Alfalfa. $31.50: cheat. $22: clover. $26:
oats and vetch. $26; valley timothy, $20
028.
Dairy and Country Produce.
BUTTER Cubes, extras, nominal. 60c
per pound; prints, parchment wrappers.
box lota, 62c; cartons. 63c; half boxes, hie
more; less than half boxes, lc more: but-
terfat. No. 1, 62 03c per pound at stations.
UHKKSE Tillamook, f. o. b. Tillamook:
Triplets, 32c; Young Americas, 33c; long
horns, 33c. Coos and Curry, f. o. b. Mvr
tle Point: Triplets. 31c: Youna- American
32 He.
EGOS Jobbing prices to retailers: Ore
gon ranch, candled, C365c; selects. 68
70c.
POULTRY Hens. 30a5c: nrinir an
35c: ducks. 40c: eeese. 2Ul&2nc: turkeva
live, 35c; dressed, choice. 46c.
VEAL Fancy, 26c per pound.
PORK Fancy. 21c per pound.
Fruits and Vegetables.
FRUITS Oranges. 4(&B: lemons 14 T.O
wo per oox; grapelruit. 13.25(6.75 box:
bananas, 10 11c per pound; apples, $1.00
vcr uox pears. s.auSDS ner box:
cranberries. $5.50 per box, $15 per barrel.
VEUETABLES Cabbage. 5 Si 5 We ner
pouna; lettuce, .i.OU4H.-'i per crate: beets
sd.uu per sack; cucumbers. $24e2.25
dozen; carrots, $22.50 per sack; celery,
$89 per crate; horseradish. 15e ner
pound; garlic. 40c per nound: til rnliH
$3.50 per sack: cauliflower, $2.253.25 per
crate: tomatoes, Si.aurwo per box: hubbard
squasn, 4i4c pound; sprouts, 17Hc pound.
rutAIUBB Oregon. 13.7504.75 ner
sack; Yakima, $4.oOi5; sweets. 7Ac per
ONIONS Oregon, 646Vic per pound.
California, 7c per pound.
Staple Groceries.
Local Jobbing quotations:
SUGAR Sack basis: Fruit or berrv
$9.77; beet, $11.27: golden C. $9.27; pow
dered. In barrels. $10.37; cubes, in barrels
S1U.3I.
NUTS Walnuts. 3239c: Brazil nuts.
30c; filberts, 35c; almonds. 35 ft 38c : pea
nuts, 1515c; chestnuts, 25c; pecans,
32c: hickory nuts, 15&16c.
SALT Half ground. 100s. $17 ner ton:
80s. $18.50 per ton; dairy. $2528 per ton
RICE Blue Rose, 16c per pound.
BEANS White. 8c: pink. 84c: lima.
17c per pound; bayous, 10c; Mexican red.
St.
COFFEE Roasted, In drums. 39 51c.
Provisions.
Local Jobbing quotations:
HAMS All sizes. 3436c; skinned. 27
35c; picnic. . 27 28c; cottage roll, 30c.
LARD Tierce, basis, 30c; compound.
zic per pouna. ,
DRY SALT Short, clear backs, 25&31cj
plates. -'sc.
BACON Fancy, 41 50c; standard, S3
39c.
Hides, Pelts and Furs.
HIDES Salted, all weights, 20c: green.
17c; calf, green or salted. 65c; kip, 35c:
bulla, salted. 17c; green. 14c: horse hides,
small, $3; medium, $4.50; large, $6; dry
hides, 80c; dry salted, 20c; dry calf. 70c;
dry salted calf, 65c.
PELTS Green salted, November, each,
$23; green salt shearlings, each, 50c$l;
dry pelts, full wool, per pound, 32c; dry
short wool, per pound, 25c; dry shearlings,
each, 2A50c; salted goats. $13, accord
ing to size; salted goat shearlings, 25c
$1; dry goats, long hair, per pound, 25c.
FURS Good grades, extra large, large
and medium sizes: Skunk, black, f3.75
8.50; short, $2.757; narrow, $2 5; broad,
75c $2. 25. Fox. red, $1045; gray, i2
6; raccoon. $2.508; mink, dark, $4t10;
ordinary, $2.50)8; winter muskrat. $l&
3.50; wolf or coyote, soft, silky, $8i&20;
average, $5413: white weasel or ermine,
.50c$2; lynx, heavy furred. $1565; or
dinary, $1550: lynx cat, heavy, $513,
ordinary, $39; otter, dark. $1125; or
dinary. $S21: martin, pale, brown or
dark. $5130; fisher, pale, brown or dark,
$1280; bear, black, $120: brown. $10
14! wildcat, 2.1c2; civet cat, 10c $1
house cat, 1060c; ring tails. 25c$2.
Jackrabbit. 1020c; moleskins, aSUc.
Hops. Wool. Etc.
HOPS 1919 crop. 85c per pound,
contracts 40c avetags.
3-year
; short
MOHAIR Long staple, 4045c
unl?. 25 (W 30c.
TAI.LOW No. 1. 10c; No. 2,
8c per
po:ir,d.
CASCARA BARK New, 11c; old, 12c per
pound.
WOOL Eastern Oregon, fine. 40fii5Oc;
medium, 45r50c; coarse, 35S7c; valley,
medium, 50ff52c: coarse. 35037c
-Oils,
LINSEED OIL Raw.
raw. cases, $2.16; boiled,
ttileri, cases. $2.18.
TURPENTINE Tanks
$2.01.
barrels,
barrels.
$2.06;
$2.08.
$191:
cases
COAL OIL Iron barrels, 13 16c; tank
wagons. 18Hc; cases, 2431c.
GASOLINE Iron barrels, 25c; tans
wagons, 25c; cases, 35lc
GAINS ME FORFEITED
EARLY ADVANCES WIPED OCT
IN SPECIALTIES.
Ramon of German Revolution
Prompt Bears to Sell Ilst Down.
Liberty Bonds Heavy.
NEW YORK. Jan. IS. The week in the
stock market ended very much as it be
gan. Interest continuing to concentrate In
the more speoulative shares.
Early gains of one to nearly four points,
registered by steels, equipments, motors
ahd some of the oils, shippings, metals and
prominent specialties. Including American
Woolen, helped the movement along at
similar gains.
All advances were forfeited in the final
dealings, however, the whole reacting
sharply under lead of the oils. Sales
amounted to 435,000 shares.
Rumors of a revolution in Germany,
with its possible effects on the Versailles
treaty, gave the shorts a pretext for re
newing their recent aggressions.
An unusually large increase of unfilled
orders was reported by the United States
Steel corporation for December.
The clearing bouse statement for the
first full week of the new year was note-w-orthy
for a decrease of slightly more
than $57,000,000 in actual reserves, re
sulting In another deficit of $2,912,680.
Liberty bonds were heavy, foreign issues
irregular and most domestic rails and in
dustrials featureless. Total sales, par val
ue, aggregated $7,200,000. Old United
States bonds wera unchanged on call dur
ing the week.
CLOSING STOCK QUOTATIONS.
T . a
. oaies.
Am Beet Sug
Am Can .... 2.000
Am Cr & Fdry 400
Am H & L pfd 100
Am Loco 5,cx0
High. Low.
Sale.
91
5
141
118
101
57 y,
141?,
118
103 '
139 Vt
96
97 '4
21 i
Mil
lit
123
82
99
29
43
132
99
55
37
86
27
39
43
80
217
53
75
13
168
331
79
40
90
59
111
25.
85
31
111
214
25
52
-
16
69
56
140?;
118
101
68
138
93
97
0
62
84
168
120
32
97
28
42
131
98
55
36 i
86
27
88
42
85
215
52
75
13
168
327
78
39
90
58
l;o
25
84
31
111
206
24
51
25
16
69
aim ,-m fir KTg 1,800
Am Sugar R:g 400
138
95
97
20
03
84
108
120
97
28
42
131
98
55
37
86
27
39
42
85
215
52
75
13
168
828
78
40
90
58
111
25
84
31
1 1 1
206
24
5i
25
16
69
26
98
79
37
101
42
27
62
22
76
117
45
102
22
108
216
93
122
93
112
106
115
77
53
31
81
48
105
Am Sum Tobac
l.loo
500
2,000
Am lei & Tel
Am Z L se Sin
Anaconda Cop
Atchison
A G & w I s a
SOU
4O0
6(10
Baldwin Loco. 61.900
Bait & Ohio.. 500
Beth Steel B. 12.300
B & S Conner. 2 MM)
iaui fetrol . .
Canadian Pac.
Cent Leather.
ooo
6O0
1.90U
lOO
300
300
400
400
1.30O
1.000
2,300
3,100
800
100
.300
1.6O0
600
600
100
2.100
SOO
700
2.7(H)
1.200
Ches & Ohio. .
Chi M & St P.
Chi & N W
Chi K I & Pan
Chino Copper.
Col Fu & Iron
wra froa . .
Crucible steel.
Cuba Cane Sug
l. o m t-rods.
Erie
Gen Electric.
Gen Motors . .
Gt No pfd
o ore ctfs
Illinois Central
Insplr Copper.
ini m prd..
Inter Nickel..
Inter Paper..
Kennecott Cop
Louis At Nash.
100
Mexican Petroi 11,700
Miami Copper 500
.Miavaie riteei.
Misscuri Pacif
Nevada Copper
5.&O0
400
10O
SOO
." i central. .
N Y N H H
Norf Jk West..
t-vniieiii rue.
Pacific Mall..
900
loo
8.200
1,500
200
700
1.000
80
103
4i:
79
37
101
42
27
02
7
117
45
102
22
108
214
93
122
0.1
112
106
113
77
53
30
81
48
104
Pan-Am Petrol
Pennsylvania..
Pitts & W Va.
Pittsburg Coal
Ray Con Con.
Reading
200
76 'i
120
44
102
i?5
221
93
123
94
115
107
115
77
63
31
82
48
105
Rep Ir A.Steel 28.2O0
Sin Oil A Rfg. 7.000
nouinern r"acir
Southern Ry..
400
1,000
6.900
2.000
500
800
2.600
5.000
21.20O
100
600
200
13,400
50O
1.200
5,200
.Stuciebaker Co
Texas Co ....
Tobacco Prods
Union Pacific
Untd Rtl Strs.
U S In Alco. .
U S Steel
do pfd .....
Utah Copper..
Westing Elect
Wlllys-Overlnd
National Lead
Ohio Cits Gas.
Royal Dutch..
Bid.
Bonds.
U S Lib 3s...99.50lAnglo-Fr 5s ..
do 1st 4s 92.96IA T & T cv 6s
do 2d 4s ...91.92 Ath
96
99
5 'f- 18ID & R G con 4s65
do 2d 4s. ..92.40.N y c deb 6s.. 83
do 3d 4 s. . .94.40 N P 4s ... ifU
do 4th 4s...92.5In p 3s
BO
55-
riciorv an, ttM.HNir'ac T T 5s.
87
- 92
.104
. 86
. 83
. 99
do 4V.
.98.34
Pa con 4Ui
U S 2s reg. ..
do coupon
U S 4s reg..
do coupon
Pan 3s reg. .
do coupon
. loo
lOO
. .105
.105
,.88
..88
S P cv 5s
So Ry 5s
U P 4s
U S Steel 5s. .
Bid.
Mining Stocks at Boston.
BOSTON. Jan. 10. Closing o, ,,,!
Allouez
. .. 89 INorth Butte .. 17
l,Old Dom 36
Ariz Com . . .
Calu & Ariz . .
C'alu & Hecla
Centennial ...
Cop Range
Kast Butte ..
Franklin ....
Isle Royaile . .
Lake Copper. .
Mohawk
?a sceoia 51
395 iQuincy , 0
15 i Superior
wJMup Boston.. 4
14iShannon is
3 Utah Con 8
35 I Winona t
4 Wolverine 20
70 I Greene Can ... 87
EXCESSIVE SPECULATION CHECKED
Federal Reserve Bank Notice Appli.
All Commodities.
1SEW YORK, Jan. 10. The paramount
Influence of the week In the i m.
was the formal address of the governor of
the 'eueral reserve bank to the bankers
at Washington discouraging "unessential
At first blush Wall street accepted this
Z i? iiuiamiian mat the central
. ... .wu nuuiuonai Darrlers
""ul in securities. Supple
memary statements, however, indicated
that the warning was equally applicable
"-aivo ulcerations in all classes
commodities.
of
,w on tne stock ex-
"'""s" o summarized in the brief
statement that dealings were irregular
when not absolutely heavy and in greatly
"'"'". . oniy noteworthy
cnanges occurred tn shares under direct
(lauuuKsu 01 uroiessionai interests.
rresn reactionary tenaences wera mani
fested by foreign exchange, especially the
Investment conditions
gave no sia-n nf
awakening from thi
long sustained tor
por, hul inert is a growing belief that
but there is a
iirei muicBiioiis oi an agreement by con
gress on railroad legislation will h ...
companied by a broad inquiry for trans-
l ne industrial situation was reported
as decidedly encouraging, in marked ou
tran to the corresponding period of last
year. In the opinion of economists, the
chief drawback lies in the continued high
" " iiicic in almost every in
sianco cawcubu luuimum quotations of
1919.
Fresh unsettlement In foreign exchange
was traceable to a growing conviction that
the administration at Washington will not
finance any more International loans but
will lend Its tacit approval to the private
promotion ot such undertakings In be
half of the Impoverished European nations.
According to reports the Belgian rivh.
ment will soon consummate such a ion here
ana it is noi improusoie tnat the Italian
government may also float a bond issue in
tnis nutmei.
Money, Exchange, Ete.
NEW YORK, Jan. 10. Mercantile paper
UllljlHUKau,
Sterling, demand $3.73: cables $3.74
rrancs, uernanci n.ic; raoies li.ioc; gull
tiers, unchanged; lire, demand 18.42c-
blei 13.40c; marks, demand L98c, cables 2c.
f.&r silver i.oa.
Mexican dollars $1.02.
LONDON. Jan. 10. Bar silver 79d per
ounce. Money 8 per cent. Discount
rates, snon onis o per cent, three-month
Dills 0 per cent.
Reserve Is Ketone Requirements.
.nisvv lu.itv, jan. au. ine actual mt
dition of clearing-house banks and trust
companies lor tne weeK snows that the re
serve held is $2,912,680 below lezal rennlr.
menu. This is a decrease of $37,391,680
from lasi weeK.
DISCOUNT KATES ARE TIGHTENED
Announcement Made by Chicago Federal
Reserve Bank.
CHICAGO, Jan. . 10. The Chicago Fed
era.1 Reserve bank today announced an in.
fi-se in Its discount rate on treasury cr
tlficstes of indebtedness from 4 to 4
per cent
Advances on commercial paper, with
view to dUcourAging borrowers who specu
late In commodities, land, cotton and oil
soon will be begun, it was understood.
Stock market borrowings are considered to
ave been reasonably reduced.
The reserve board announced It expects
o put reserve banks In a position where
harges for borrowing money of them win
be higher than the going commercial rate,
so that reserve banks would be appealed
to only in time of stress.
RUN AT STOCKYARDS 13 tTMITED
Market Is Steady to Firm Without Change
In Prices.
Three f r nf livestock ' containing 82
cattle, 2 calves and 159 hogs reached the
local stockwards yesterday, nut tnero w
little business during the half day tne
varda were nnen. There was no change in
market conditions, with prices ruling
teady to firm throughout.
Livestock prices at local yaros iono.
Cattle, . Price-
Beet steers 1 1-"" W '
Good to choice steers io.5O(0 1.1.0U
S.ootn 9.73
H.IIIIW 9.00
7.00i 8.O0
9.O0 'n 10.00
7.751W H.rw)
5.75 W 7.73
Medium to Rooa steers
air to rood steers
Common to fftfr steers
hoice cows and neliers
innri tn rhnlr cows, heifers. .
Medium to rood cows, heifr.
1T i - a manlnm rnsj VlMferft -
4.75 'i 5.75
Canners 30g 5.50
Buiis
Stockers and feeders 8.00 (UP 9.50
Hogs
Prime mixed
Medium mixed ...........
15.251915.75
14.75'a1 15.25
1 2.25 p 13.75
15.23&14.25
Hough heavies .-.
Pigs -
Sheep .
Ka.-tern iambs I?. "" wIi
Light valley lambs irS Zi' in
Heavy valley lambs kUcM
Feeder Iambs 1? 0O2.O0
Wethers
Yearlings 1"""SiXX
r-'wes o u w
Chicago Livestock Market.
CHICAGO. Jan. lo. Hogs Receipts
9000. opened steady to strong, closing
weak. Bulk. $14.55614.80; top. $15;
heavy. $14.35 014.80; medium, $14,60 0
14.85; light, $14.6014.00; light light, $M
014.65; heavy pacaing sown, "'"'; : "
14.35: nacking sows, rougu. $13.&oyi-l.
pigs, $13.5014.25.
Cattle Receipts zouo, com ptn -
week ago. Good and best grade Beer
steers and she stock little changed, others
25 to 40 cents higher; bulls ""dy to
strong; veal calves, mostly iac niBner,
stockers, 20 to 00 cenis .
:sc mgner. . ...
1. . i -. . jnnn nmnmrea wltn a
week ago. Best fat lambs and low-grade
sheep, 50 to 75 cents higher; others mostly
$1 to $l.a nigner.
Omaha Livestock Market.
OMAHA. Jan. 10. (United States Bu
reau ox iYlM.; Kri, r . , . on.
market 8 to 10 cents higher. Jop. $14J90,
bulk. $14.4014.65; hvywelght, $14 50
14.75: mea urn we.gnv. Vii 5oa
14.40: heavy packing sows, smooth. $14.40
014.50; paCKing sown. " -
14.40: pigs. $11012.75
Cattle Receipts iou. conii
week ago. Beef and butcher catt e, . -a
to 60 cents higher; veals. BOc hlKher.
stockers and feeders. 50 to 75 cents higher.
Sheep Keceipis w, -
week ago. Lambs. $1.251.75 higher;
other classes. 50c to $1 higher.
Kansas City livestock Market.
KANSAS CITY. Mo., Jan. 10. Sheep
. . n., ... w..ii- T.&mns. ,ac to
rteceipte jw. rwi - -- ' .
tl higher; sheep. 25c higher; feeders and
breeders, mostly i i"i""-
Seattle Livestock Market.
. . ... . t- in Hnri Re-
prjA 1 1 tils', " " - ; ' .--
celnts 140. Higher. 25c Prime. 115. to
llli' medium to choice. 14.2516.2S:
rough heavies. $13.7514.2o; pigs. $13.o0?
14.50. .
Cattle Receipts, tl. oieaay. t
, 1 . -.-lt TK morlllim (A Choice.
steers, ii.,i . ..-. -
JO V 10 50 ; common to good. $709: cows
and heifers. $8.254r9: common to good, $6
fr8; bulls, $w;.o0; calves, $7014.
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresta Fruits.
Etc.. at Bay City.
SN FRANCISCO. Jan. 10. Butter 7c
F-t-irn Fresh extras. 70c; extra pullets.
&iy.c; undersized pullets, 56c.
Cheese Firsts, nominal; iouub
Icas, 3c.
Poultry Hens. 32033c: young roostera
34035c; old, 22o; fryers. 34036c: ducks.
28rr30c; Belgian nares, auve. ivwiov.,
squabs. 60070c: pigeons. $2.75 0 3.25 dozen.
Vegetables KgKPiant. iwa-vc, vVVnm.
bell, 15020c; chile. 17c; squasn. surli
er. $1.2503.50, large lug; nuoDara, ft
m 1 in niimDkln 2Crr2c: sum. r squash.
$1.25 01.75 lug; tomatoes, southern, $1,500
2.20; potatoes, rivers, $4.7505 cental;
aweet. 405c pound; onions, yellow and
white, $4.204..o; Australian Drown, e-'
05.25; cucumbers, $1.50't2 lug; garlic,
i-ihi-Hv: beans, string. 17 20c: llmas.
10013c: celery. $3.500 6: artichokes. No.
1 XI 50 dozen: turnips. $1.251.50; cauli
flower, $1.25 01.50 dozen; lettuce, $1,73 0
2.25 crate: peas, small, 12 G 15c; sprouts.
9c; rhubarb. Sl.oV0i.To' box. ,
bn,o limn res. navels. S4f'5: lemons. $4
04 50; grapefruit, $2.2503.50 per box; b
nanHR. 7 & Sc per pound for Hawaiian;
pineapples, $4 05 per dozen; pears, cook-
ng. Slftfl.o" per lug. Afpitra, riii,uc ,b,wu
-ir.enlnes. 11.75312 for 4-tler and $1,500
2.25; Oregon Ppltzenbergs. $2.5003.25:
Baldwins," au.Z&: Oregon nawiown rip-
pins, Sl.TnWZ.i; pears, oreg-m.
3 50 per box; pomegranates. $1.2501.50 per
peach box; persimmons, $1.5002 per 20
pound box; cranberries, northern, $4 4.50
per dox.
KeceiptS r lOUr. - quancta, uanrj.
2560 centals: outs, 1531 centals; beans, 60
B.rl,i - notatoes. 15.117 sacks: hay. 323
tons; hides, 175: wine 46.800 gallons.
Eastern Dairy Produce.
NEW YORK. Jan. 10. Butter easy;
cieamery higher than extras, U6i3Coc;
extraa. 66c; firsts. 6064c.
Eggs, firm, uncnangeu.
Cheese, irregular, unchanged.
CHICAGO. Jan. 10. Butter, unsettled.
Creamery, 53063.
EggS Lower. Keceipts. 36,5 cases;
firsts. 700 71c; ordinary firsts, 56068c; at
mark, cases included, 64070c
Poultry Alive, uncnangea.
Naval Storea.
SAVANNAH. Gl. Jan. 10. Turpentine.
firm, $1.78; sales 117 barrels; receipts,
79 barrels; shipments, 189 barrels; stock.
13.900 barrels.
Rosin firm; sales 363 barrels: receipts,
314 barrels: shipments 3545 barrels; stock.
45.746 barrels.
Quote: B. $17.25; D, K. F. $17. 40; G.
117.50: H. $17.60: I. $17.75: K. $18.75; M.
$19.75; N, $20.30; WG. $20.25; WW, $21.25.
Seattle Feed and Hay.
SEATTLE, Wash., Jan. 10. City deliv
ery: Feed Mill, sou per ton: scratch feed.
$84: feed wheat. $89; all grain chop. $76:
oats. S6907O; sprouting oats. $74: rolled
oats, $74: whole corn, $74: cracked corn.
$76: rolled barley, $80: clipped barley, $85.
Hay Eastern Washington timothy
mixed, $38 0 39 per ton: double compressed.
$42: alfalfa, $3o; straw. $17018; Puget
sound, $33. ,
Dried Fmlt at New Vnrk.
NEW YORK. Jan. 10. Evaporated ap
ples heavy. Prunes quiet but firm.
Peaches quiet.
Cotton Market.
NFW TORK. .Tan. 10.
3otton Spot
steady. Middling 39 2Bc.
ALLEN BROS. CO.
Correspondents.
C1IAS. M. MfLAIX BROKERAGE
CO.
Denver, Colo.
.
Stocks, Grain, Cotton
(Stocks listed New Tork Stock
exchange.)
SPECIAL PRIVILEGES TO
TRADERS.
218 Chamber of Commerce Bids
Phone 511-16
i a mngaziw that isi tewrhtng
thousands of people bow to
make a prof it on listed stocks
ad bond. Writ) for this) week's
iaatM. which contain) stD-te-dat)
information about several estab
lished securities that can be
bought now to yield a liberal
relnrn. INVESTMENT IS FREE.
WRITE TODAY.
KRIEBXX&CO.
' IKWTMtKT RANKER1
i4fs SoafhLa SaJleStXhica
iiwESraeiT
CORN DECLINE IS SHARP
m
IUSE IX DISCOUNT RATE PUTS
BELLS AT DISADVANTAGE.
Last Hour Sees Rally on Announce
ment of Proposed Local
Credit to Austria.
CHICAGO, Jan. 10. Tightening of fed
eral reserve discount rates tended to put
bulls at a disadvantage today in the corn
market. Closing prices, although firm,
were at c to 202c net decline. Oats
lost lc and provisions 3O057e.
Bears pressed the selling side of the
corn market with considerable succesi.
Word that Secj-etary Glass had asked au
thority to make a loan to Austria to buy
food rallied the market In the last hour.
Oats paralleled the cnanges in the value
of corn.
Reports of British offers to resell lsrd
to pscken had a weakening influence on
provisions.
Leading futures ranged as follows:
CORN.
Open. High. Low. Close.
Jsn $1.39 $1.40 $1.37 $1.38
May 1.34 1.33 1.33 1.34
July 1.33 1.33 1.81 1.32
OATS.
May 837j .84 .81 .83
J"'' 77 .77 .76 .77
MESS PORK.
S9".66 89'.io $.55
Jan.
May
88.50
88.80
89.10
LARD.
Jan.
May
24.00 23.S0
25.30 25.33 24.75
23.90
24.90
SHORT RIB3.
Jan. ....
May 20.70 20.90 20.25
19.50
20.40
"'- were as TOTIOws:
.,?r3 ' 2m,i and No. 8 mixed not
quoted. No. 4 mixed. $1.4601.46: No.
2 yellow not quoted. No. 3 yellow. $1,490
whreO-0823Wh,tB- 85S: . 3,
ye iso. 2. $1.82 1.83.
Barley $1.46 01.59.
Timothy seed $9 W 13 25
Clover seed $490 52
Pork Nominal.
Lard $23.90
Ribs $19019.75.
Grain at San Francisco.
$12.1? FRANCISCO- J- 10. Flour. 8-8.
.",r'het' 12 20: Mt- red feed. $8.20
03.30; barley, feed. $3.6008.85: corn. Cali
fornia yellow. $3.2003.30 cental.
Hay Wheat or wheat and oats. $230
J.,inVtama oats- 2"'28; wild oats, $21
024: barley. $21 024: alfalfa. $23028;
stock hay. $18021; barley straw. 600 80c
Minneapolis Grain Market.
MINNEAPOLIS. Jan. 10. Barley $1.24
01.66. Flax. $5.2005.45.
Dulnta Linseed Market.
DULUTH, Jan. 10. Linseed. $5 0 5.20.
Coffee Futures Go Lower.
NEW YORK. Jan. 10. The m.rU.r r.
coffee futures was lower today, owing to
reports that supplies were being sold
irom tne stock held by the Brazilian gov
ernment and rumors of disturbing political
developments In Germany. The opening
was 22 to 30 points lower and active
months sold about 83 to 42 points net
lower with May touching 16.20c and Sep
tember 16.10c, or Just about a cent below
the high levels of last Thursday. Clos
ing prices were at approximately the
lowest levels of the day. showing a net
decline of 22 to 42 points. January. 15.75c:
March. 16.06c; May. 16.20c; July. 16.35c;
September, 16.10c; October. 16.04c- De
cember. 16.90c
The local spot market was quiet and
unchanged at 16 c to 17c for Rio 7s and
25c to 26c for Santos 4s.
Copper Improvement Continues.
NEW YORK, Jan. 10.-The Improve
ment reported In the copper market at the
beginning -of the new year has been sus
tained during the pact week, with niiot.-
Hons for electrolytic ranging from about t
I3tt0lc tor spot and rirst quarter, and
from 19019c for second quarter de
liveries today.
Hams and Shortening Advance.
An advance of 1 cent In the price of
hams will be effective Monday, the new
quotations ranging from 34 to 36 cents on
all sizes. Shortening will be cent higher
at 27 cents, tierce basis.
Elks to Welcome Official.
ALBANY, Or., Jan. 10. (Special.)
The Albany lodge of Elks is planning;
a big- meeting- for January 17. when it
will receive an official visit from
Wilson S. Wiley of Klamath Falls,
district deputy frrand exalted ruler for
the district of Oregon South. A class
STATEMENT OF CONDITIO X
The Bank of California National Association
San Francisco
Including Its Branches in Portland, Seattle and Tacoma.
At Close of Business December 31, 1919
ASSETS
Loans and Discounts 64,534,225.61
Bank Premises (San Francisco and Branches) 1,414,881.57
Other Real Estate 214,489.91
Customers' Liability under Letters of Credit 10,434,123.02
Sundry Bonds and Stocks 4,861,663.42
United States Bonds to secure Circulation 2,150,000.00
Other United States Bonds Certificates of In
debtedness, Contracts, etc 6,987,862.42
Redemption Fund with United States Treasurer... 107,500.00
Cash and Sight Exchange 36,154,814.62
Total $126,859,560.57
LIABILITIES
Capital $ 8,500,000.00
Surplus and Undivided Profits 8,770,683.89
Circulation 2,149,997.50
Letters of Credit 10,561,983.22
Other Liabilities 13,658,908.56
Deposits ". . 83,217,987.40
Total $126,859,560.57
PORTLAND BRANCH, CORNER THIRD AND STARK STS.
W. A. MAC RAE,
' Manager.
NOTICE
INVESTORS
Reliable manufacturer
who manufactures machin
ery which has ready sale
throughout the automobile
trade, wants party who is
financially able to loan a
quantity of money on said
machinery, which will be
stored in warehouse in
Portland for distribution in
Oregon and Washington.
Your loan secured by re
ceipts of goods at ware
house. By handling this
loan you can make 10
on your investment. Ad
dress BF 480, Oregonian
Exempt
inivesitmeeiis
PROVINCIAL and MUNICIPAL BONDS
The bonds which we offer in this advertisement are all
direct tax obligations of the province or municipality issuing
the same, which means that all the taxable resources, prop
erty and wealth are behind the bonds.
These bonds are payable in U. S. Gold Coin, both as to
principal and interest in fixed amounts, calculated in Amer
ican money, and, consequently, are not affected by the vary
ing rate of exchange of sterling. They are issued on the basis
of sterling at par, which is $4,866 to the pound, and are
payable on the same basis.
More desirable or profitable investment securities are
not obtainable. Write, wire or call. Make your selection
before these issues are all sold out.
Amount Rate Maturity Price Yield
$ 1,000 Alberta, Province of 5 F&A 1921 97.03 7.00
4,500 Alberta, Province of 4'2 F&A 1924 91.25 7.00
20,926 Lethbridge, City of, Alberta 5 F&A 1943 77.07 7.00
15,000 Medicine Hat, City of, Alberta 5 1932 To net 7.00
50,125 Vancouver, City of, British Columbia. . 4'z J&D 1923 91.57 7.00
1,000 St. Boniface, City of, Manitoba. . 5 J&J 1920 99.03 7.00
5,000 Greater Winnipeg Water Dist 5 F&O 1923 94.28 7.00
2,000 Greater Winnipeg Water Dist 5 F&A 1923 93.76 7.00
1,300 ' Greater Winnipeg Water Dist 5 F&A 1923 94.34 7.00
1,000 Greater Winnipeg Water Dist 5 J&D 1922 95.34 7.00
11,000 Regina, City of, Saskatchewan 5 A&O 1928 87.63 7.00
21,400 Regina, City of, Saskatchewan A'z J&J 1924 90.49 7.00
Burglar and Fireproof Safe Deposit Boxes for Rent
MORRIS BROTHERS, inc.
The Premier Municipal Bond House Capital One Million Dollars
Morris Bunding, 309-11 Stark Street, Between Fifth and Sixth
Telephone Broadway 2151 Established Over a Quarter Century
PORTLAND, OREGON
of candidates -will bo Initiated on this
occasion.
Phone your -want ads to the Orego
' nian. Main 7070, A 6095
J. T. BURTCHAELL,
Asst. Manager.
OVERBEGK &
COOKE GO.
Brakera, Stacks. Bends. Cottoa.
Grain. Kte-ei-tl7
BOARD OF TRADE BLDO.
alEMRKRS CHICAGO BOARD OF
TRADE
MEMBERS
Carresrndents mt Loess
Cftnxavu susd Aes York.
New Tark Stock Kzchance.
ChicaaTo Stock Escliansa.
Boston Stock Eaehaoca.
Cblcasjo Board of Trade.'
New York Cotton Exchansra.
New Orleans Cotton Excttaaca,
New Tork Coffee Exchange.
New York Produce Exchange.
Liverpool Cotton Association.
PAYMENTS
monthly buys oulrigM any ttock or
tend, ftirchostr stews mdivJtnds
Odd lots tatsptrmlty. Wntt tbr irrrttd
list md full pmrliculars - FREE.
CHARLES E.VAN RIPER
Mfwwsci Consolidats 94orti tscNsnos
SO 8WOAO ST, HtW VQSK .
1
From All Dominion Government
rfo
'
LIBERTY AND VICTORY BONDS
If you must et your liberty or victory bonds, sell to urn.
If you can huy more liberty or victory bonds, buy from ua.
On January 10. l!-0. the closing Nfir York market price were as (rlvon
below. They are the uuveiiilns price, for liberty and victory bonds all over
the world, and the highest. We advertise th-e prices daily In order that you
may always hnow the Near Tork market and ths exact valuo of your liberty
and victory bonit:
Int lit d 1st M Ad 4th Victor-
3 li 4. 4m 4 iS 4i a. 44a. 3is. 49.
.Markft... $y9.rt 9.Vri $91.f) $93.'J0 $!4.40 J0i:.o4 $ib.tfa $y.v
Interest... .'-43 .30 . ...2 ' .67 1.03 ..8 .34
- j
Total. .JWO.Sd '.;. -J ?yi:.fii $1.03 $!,- 78 $113.57 $i9.24 $90.:t2
When buying1 we deduct w7c on a $50 bond and $2.50 on a $1000 bond. Ws
sell at the Xon York nia.rkt. plus the accrued interest.
Hurclar mud Klrt-proof SaXe lpot.t Boii for Kent
Open until ft P. M. 00 Saturdays.
MORRIS BROTHERS, Inc.
The Premier Mnnlripal Bnnd If oue Capital One Million Dollars.
Murrio Htiilriinc. o-ll Stark btreet. Bet. Fifth and Sixth.
TKLKPHONE: BROADWAY 2131. Established Over a Quarter Century.
New Issue
Foreign Government Loans
Syndicate loans to Foreign Governments as offered in
this after-the-war period afford remarkable investment
opportunities. If you have funds to invest, ask us to
put you on our mailing1 list for advance information.
Write or Phone
as Fxsciic
Arthur Berridge & Company
Certified Public Accountants and Auditors
Income Tax Specialists and Advisers
619 Worcester Block Main 3621
DO you know that much of your Income Tax trouble comes from
poor Accounting Systems and Records ? Let us prepare your
Tax Reports and revise your Business System.
CONSULTATION FREE
GOVERNMENT, MUNICIPAL AND CORPORATION
BONDS
TO NET FROM 5 TO 7
PREFERRED STOCKS LOCAL SECURITIES
ROBERTSON & EWING
207-8 NORTHWESTERN BANK BLDG.
Taxation
Freeman Smith & Camp Co.
SECOND FLOOR
NORTHWESTERN BANK BUILDING
Main 646
s