The Sunday Oregonian. (Portland, Ore.) 1881-current, March 21, 1920, Section One, Image 23

The Sunday Oregonian., March 21, 1920, Section One, Page 23, Image 23

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Newspaper Page TextTHE SUDAY .OUEGOMAX, POKTLAXI1, 3IAKC1I 31, 1920 SUGAR SELLS AT RECORD QUOTATION Local Market Advances 16 Cents Wholesale. to RAWS FIRM AND' HIGHER Without Government Check, Con turners in This Country Are at Mercy of Producers. An 'lnri of one c'tit a pound en miiar of all grades was announced by jobbers ycMerday following; the receipt of word from California refiners of a similar ad vance in refinery prices. Susar is now up to the 16-ccnt mark, whole-ale, the high et iirice at which it has ever sold in this market. The advance waa not entirely unexpected as raw sugars have been very firm In the cast, brokers' wires showing an advance of 91.73 In raws In the past few days. A further lift in the price of re fined sugar would occasion no surprise. The trade Is of the opinion that had the president been disposed to authorise the purchase of sugar last fall, no such ex treme prices would be rutins; la the domes tic market today. At that time the Cuban jrowers were ready to contract for the fa?e of their output at reasonable prices, but soma Interests, presumed to be the southern cane growers and the beet sugar people., were opposed to government inter ferenre and the market was thrown wide open. Since that time, the strong Euro pean demaud, as well as American buying, have enabled the Cuban planters to ad vance their prices to a very high level. Referring to the favorable position now occupied by the Cuban producer because of this largu world demand, an official of one of the largest American refineries tald : "He is being further assisted through the large demand that refiners are ex periencing, because of the present desire of everyone to accumulate supplies, and this will keep refiners running at full capacity during a period of the year when they normally have to operate with a re duced melt. This serves to prevent the ac cumulation in Cuba of such large stocks as ollicrwii--o would be the ca.e. Sellers riaim that this demand will continue to be Mit'ficient to take care of all surplus stocks until we get into the summer season when there is a normal increased demand. Whether they arc correct in this remain? to be seen. "As1 lu the summer demand, naturally a great dear will depend upon how much of the distribution taking place during the first six months of the ear will be con sumed during that period and how much will be on hand July 1 in the way of in visible stocks to meet summer and fa wants. In this connection we must not overlook the fact that high prices are like ly to have an effect on consumption, and any savings effected now, through conser vation on the part of housewives and the use of substitutes where possible by man ufaeturers, will in the- end make itself felt. There is also now some loss in consump tion on account of the uneven distribution making it impossible in spots to purchase to cover current needs, and this loss will not be made up." Is estimated at 18.240. which at the aver- I age yield of the past rive yean gives 4.tHn.L'hO bushels 'or S.OIIS cars of 000 bushels each, which is 24S cars less than in bumper year 1017, when the same states, Texas, California and Louisiana supplied MW cars. The condition of southern Tex as Bermuda onions la TO per cent. Grow er! ar reported receiving $3 per crate for late March delivery. The onion crop of Coachellf valley, California, Is esti mated at 3000 acres. The condition ot Bermuda onions ia 70 per cent in Louisiana compared with 70 per cent a month ago. California 04 per cent compared with 87 ner cent; Texs SI per cent, compared with T8 percent; four-year average. March 1, California SS. Louisiana 67, Texas 70. SPECTACULAR ADVANCES WALE STREET STOCKS. IX General and Stutz Motors Reg ister Unusual Gains Metal -' List Is Active. EGGS SENT TO SEATTLE STORAGES Portlaad PeaJers Take Advantage of Lower Charges North. Portland egg dealers are shipping eggs to Seattle for storage because the storage chargea thsro are only about half as high as here, v They figure they can pay the freight on shipments both ways and save materially over the Portland rates. Tltere was n change In the market The few bidders for country supplies offered around 32 cents. On the street current receipts moved la a moderate way at 8333' cents and candled ranch at 35 cents. Stor age pack was offered at 28 centtt. but buyers were not willing to pay over a The butter market was steady at 6&fct4 cents for cubes. 'While the make is in creasing, the shortness of the supply of under grades and storage is a factor that Is counted on to hold prices where they are for the next fortnight at least. Poultry was In small' supply all the week and firm prices were maintained. At the close dressed veal was easy and pork was steady. Bank Clearing. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland I.''14.MO fl.714.M7 Senttlo 7,'MH.WlT l,Wi".'..i2i Taroma tttM.1-1 ;n.N41 Spokane 2.40.-..'.: 840.310 Clearings of rortland. Seattle and Tacoma for the oust week and corresponding week In former years were: Portland. Seattle. 'I aroma. 1!J0 4..-,JS.0.i It'll. l.Vl-,!Ml Eli.Hl 7, .".Vj 11110 ::l.47';.X-,i) 4-.',74.-..4.'2 ."i.207.4011 IMS.... 20.8.Vt.MM 7.-,n,.-,::4 , 4!HiS,4.'i7 017.... 14,4!l.:tl2 21.2:iT..'(7 4.012. SH4 !!.... 10. (WO. 242 j:!.r.42.0S!l 2.''22.0.'!2 oi....... io.o4.".o.-.2 io.;;.-ii.4.vi l.7iu.2 1014 12.072,lvi8 .ll.H2ti.4s7 l.OOt.344 . 1 lo.rtM.osl I1.n:;i.o04 2.."..-.2.nl4 1012.... 10,222,Mt ' f, 722,11(12 4.200.28:1 1011 a,0S2..".S R..VS1.HU 4.117.0SG lrniand for Hops Improves. The demand for spot, hops has Improved and sales havo again been made as high as 82 cents. A number of dealers' lots. amounting to two or three carloads, have. been sold in the past week. Contracts arc holding steady at about a 40-cent average. NEW YORK, March 20. Sharp advances in several of the motor shares and-related specialties monopolized the attention of traders during today s brief but very active stock market session. General Motors were the spectacular feature, scoring an extreme rise of 4ti points at 308 on an enormous turnover and closing at 380. " Stutz Motors were next in favor at a net gain of 10 points to 220, a new nigh record and an advance of 77 points for the week. Equipments and oils were in demand with coppers and shippings. Sales were 000 shares. Buying of metals resulted from reports that ateps were under way for the organi zation of a finance corporation to provide funds for huge exports ot coppers and other base metals. A moderate reversal In foreign exchange seemed to exert little influence upon the stock market. The clearing house state ment disclosed a deficit of actual excess reserves, which was . ascribed to heavy trunsfers of cash in connection with the week's tax payments. Liberty bonds remain unsteady, but the general bond market waa firm on a fairly wide variety of dealings. Total sales (pur value), $7,775,000. old United States gov ernment bonds ,were unchanged on call during the weok, except the 2h, coupon and registered, which advanced half per cent. CLOSING STOCK QUOTATIONS. PORTLAND MARKET CONDITIONS Grain, rionr. Feed. Etc. Merchants' Kxchange, noon session. Bid.- Oats No. '! white feed Barley Standard feed .. No. 3 blue Corn No. 8 yellow March. April. .50.50 ;uo.oo S.-...V) tti.24 B.-..2.- 00.50 Ma v. Stil.00 65.25 (iti.50 (WOO 63.50 63.50 MARCH CORN IN STRONG DEMAND Bids Are Advanced $2 at Merchants' Ex change Wheat Higher East. The Minneapolis wheat market was strong yesterday and about 10 cents higher. There was not much trading in this sec tion. A little was offered by dealers, but there were not many buyers In the mar ket. Club was quoted at cents prem ium and hard wheat at 4."60 cents. Coarse grains were generally firm. March corn bids were raised 92 at the Merchants' Exchange while April and May were up 50 cents. Offers for oats ranged from unchanged to SI -higher. Barley bids were the same as Friday. At San Francisco August barley sold at 2.81 Vj and December at tx.SO. May barley at Chicago cs&sed 4 cents higher at $1.50. Weather conditions in the middle west, as wired from Chicago: "Generally clear and fine all over. Forecast, all states fair tonight and Sunday, warmer." Argentine whest shipments this week were 1.255.000 bushels to the I nlted King dom, 1,070,000 to the continent and 200,- 000 to other ports. Broomhall cabled from Liverpool: "The undertone of the corn situation remains firm with a fairly good demand for the Plate grades. For April-May shipment from Argentina 80s6d to 81s appears to be the market. Trade in American mixea corn is not active. Argentina shipments ot corn are again disappointing and no im provement in the outward movement Is expected. The market for foreign oats countinues heavy, with offerings in ex cess of demand." Terminal receipts. In ears, were reported by the Merchants' Exchange as follows: Portland Wheat. Bar ley. Flour. Oats, Hay. Sautrday 78 22 25 Vear ago . . 11 1 4 2 8 To'l this week 20.-I 104 1 00 Vear ago . . 7 3 71 6 53 Bea n todatc.tWHJ 1" 3'i0 412 1033 Year ago . .664$ 0ST9 -Hi 616 2706 Taeoma Fri.lay 19 .... 18 1 1 Vear ago .... .... ... . . Sca n to date. 6123 72 .2412 181 . 7.H Vear ago ..405 32 .... 140 lutii Seattle Friday 1.1 ......... Vear ago .. 3 3 -2 Sea n to date. 5270 231 641 622 1122 Vear ago . .o002 71 10311 S12 2348 NORTHWESTERN ATPLE3 CLEAN VP Prices Are Strong Locally and at Shipping Points. The moderate arrivals of apples clean up reanily and with stocks in the coun try much reduced, local prices are on a very firm basis, ranging from $1.5 for or dinary cooking apples up to $."..50 for ex tra fancy stock, with an occasional sale made at $4. The tendency at northwestern shipping points, as well as ii the consuming mar kets, has been upward during the week. Yakima shipping points quoted extra fancy Winesaps, medium to large sixes, at $:1.13 H.-..25. f. o. P., compared with $2.75'3. Jobbing sales for this stock in distribut ing markets showed little change at most ly $::.5i'r4 with New York and Boston Quoting? 1 6 1.25. Baldwins, A-2'.i-ineh, fronJ cold storage, at western New York ship ping points ranged 25 cents higher, at $7.73'i 8.50, mostly $S per barrel, f. o. b. Consuming markets for this stock still held mostly $Sro9. Middle-western Ben iJavis in middle-western distributing mar kets were 25950c higher, at 7.238 per harrer. Shipments of barreled apples decreased to 407 cars from 400 the present week, but showed an , increase over the move ment of 334 cars for the same week last year. The movement of boxed apples was 445 cars, compared with 5S7 last week and 151 a year ago. i ONION SEASON DRAWING NEAR CLOSE rrices Arc Firm In Oregon Market and Steady Throughout Kami. The Oregon onion market is firm as the shipping iceason draws to an end. A car of California Australian browns will be pot sale in a few days. Th nnlon market throughout the east is steady.- To tal shipments from all states In the past .... W rarl 7:t3 ears 3:1 leu than In ih. previous week and 30 less than In the same week last year. The acreage of southern Bermuda onions Eastern nals and corn lu bulk 34-pound clipped .... IW.f.O 60 00 60.00 38-pound clipped .... 60.00 61.00 61.00 Corn No. t yellew 68.50 61.50 61.00 WHEAT Government basis, $2.20 per bushel. FLOUR Family patents, 13.16; bakerB' hard wheat, $13.75; whole wheat, $12.05; graham. IT.S0; valleyq, $11.40; straights, 1 11 pe rbsrrel. MILI.Pt:EUsV-P.rices f. o. b. mill, city cartage $1,50 extra. Mill run. car lots of mixed cars. $10 per ton; rolled barley, $72; rolled oats. $04.50; ground barley, $72; scratch feed, $xo. CORN Whole, $74; cracked, $76 per ton. II AT Buying prices, f. o. h. Portland: Alfalfa, $30.5oi cheat, $10: oats and vetch, $26; valley timothy, $2728. Sales. High. Am Can 2,sno 5o7 Am Car & Fdy 3.20O 143 Am II & L pfd l.Soo 118 Am Loco .... 5.4"0 305 Vj Am Sm & Rtg 6.4K0 7o(i Am Sugar Rftf 400 Am Hum Tob. 7.BOO lici Am Tel & Tel. Hoo sw-Tfc Am Z I, & Sill 600 Anaconda Cop 2o,l'H) 04 Atchison 200 M A G & WISS. R0O irci'u Baldwin Loco 40.4ihi 1 ::,- Bait & Ohio.. l.iHMl 30 Beth .Steel B.. T,IXH I'li'i B & S Copper Simi 2734 Calif Potrol . .. 200 41 '., Canadian Pac I.2ih 125H Cent Leather. 2,ono 01 Chi M & St P l.lNMI 3!Hi "Ch N W .. 200 Ksi Chi R I & Pac 2.2O0 37 T4 Chlno Copper. 3.6IM) 30 'i Corn Products H oo 03 Crucible Mteel. 5.4"l 2::7 Cuba Cane Sllg 2.0O0 40 C S Fd Prods. 1.2O0 Krie 200 Cen Electric 400 t;en Motors .. 31.21X1 'it No pfd . . . 1.4O0 Gt No Ore ett's Olio Inspir Copper, ll.iioo Int M M pfd.. O.SilO Inter Nickel., l.tioo' Inter Paper .. 4.4oO K C Southern. 4IMI Keunecott Cop 12.0OO Mexican Petrol 5.4no Mill ml Conner 2IM! Midvale Steel. Missouri Pac.. Montana I'ow. XcvaOa Copper N Y Central . . N Y N H H Norf West.. Northern Pac. Pacific .Mall . . Pan-Am Pet.. Pennsylvania. . Pitts W Va. Ray I'on.Cop. Heading P.eu lr & Steel 15. '.no Sin Oil & Kfg. 5.2011 Southern Pac. B.'HK) Soul hern Ry. . 4,1X10 Sluflebaker Co 32.000 Texas Co 2.000 Tobacco Prods 1.400 Cnion Pacific. l.'Jolt 1'ntrf Her! Sirs ...200 If U S Ind Alco. 8,800 101 'i 1' s steel r.o.ino in:: 'i Ctah Copper.. O.hihi 7h-4 Wesilns Elect Soo 53 ' Wilive-Overlnd B.noo 2-' Ms National Lead 2.f.0l 85 M Ohio Cits Cms. 2.0IHI 4.. 44-rt Royal Dutch.. 8.4W 10..',4 104 Vs B.Kim 1.400 1,1)011 KIH) 2011 2 onn NtHI Si MJ 20(1 11.400 1,201 200 1 nn 4.2IH1 08 'i 14!, 1112 3M) 83 41 5S Oil'., 2214 881, IT is liu'i 231, 4T' ' 20 'i 07 U 13', 75 ::5 , Oil Vs S3 34 103 '4 43 8l 1 Vs 87 ll'44 44'i 102 IVi 1!l'i 212 V, 7:: 122 '.4 Low. 50 141 '4 IIO 103 'A c.s 130 lilt Vi 08 10 74 til 84 -i 1 112 14 132 30 Vi 05 27 40 124 , 00-;, .':o 8S 7 35 V 1)2 227 4S 07 '4 ' 1 1V4 101 Vs 345 82 Vs 41 50 '4 Ol'.-x 21 "4 87 .1714 3 I "4 301 22 47- 20 (Hi 1.-. m 75 35 V, 0 Si 301 i 43 28 18 8(1". 102 43 102 24 i 10 210 121 70 00 Vi 102 7 Vi Last Sale. 511 T4 14 2 V4 1 18 105 V4 00 131 1H2 US 10"4 63'f 81 102 133 31 Oil 27 40 125 01 Vs 30 V 8S 1 87 V4 30 X, 233 48 ex 14 I'll H an N2 41 .17 '.: !8 22 Vi 87 3 71. 31 1 14 Illinois, J3.o4 per dozen: beaps, 1214c per pound; celery, $2.50i0.50: urtichokes, 43iS75c; turnips, ner tack. $1.75fr2; ear- rots, 1 25ji 1.50; beets, $2 25; cauliflower, 75i;(l.S5; lettuce, $1.502: peas. 74llc; asparagus, 8r15c per pound; spinach, Sr 5c per pound, $2f2.25 crate; green onions, $1.00 1. 75 per box. Fruit Oranges, navels, $3.25 ? 6.23. ac cording to size; lemons. $3..10&3.75; grape fruit, $2,2543.80: tangerines, $2.50St4 per half orange box; bananas, BfelOu per pound; pineapples, $4 It 6 per dozen; apples, Newtown Pippins, 3V4-tler, $2.40 ij 2.65; four-tier, $292.25; 4U.-tier, $1.8592; Ore gon Spltzenberg, $2.50 3.25; Oregon .New town Pippins. $2.S; Arkansas Black, per box, $3.23; California. $26 2.2.1; rhu barb. Bay stock, per box. $2.7563.25; strawberries, $4fz.5 pvr crate of 15 baskets. Receipts Barlev. 1070 centals; oats. 1800 centals; beans. 453 sacks; potatoes, 2150 sacks; hay, 300 tons; eggs, 103,830 cozen. Coffee Futures Work Lower. NEW YORK; March 20. The market for ooiiee tutures was very quiet today wltn prices working a few points lower, owing to the easier ruling of Rio, nervousness over foreign affairs, und a little scattering liquidation for over the week end. The opening was two to five points lower and the market closed at a net decline of 7 to 11 points, but the only business re ported waa in May and September at i,'ii' b?h , mo?'hs selling at the samf ; "'a IO"ow: March, 14.43 May 14.68; July. 14.87; September, 14.04 October, 14.62: Decent. er uau Spot coffee quiet; Rio 7s, 15tpl3!4; San tos 4s, 24 4r 24 li. Eastern Dairy Produce. NEW. YORK, March 20. Butter strong unchanged. oas'"-: fresh gathered, extra firsts, 40 'a-40 I-c; ditto, first, 47 '4 48 Vic Cheese steady, unchanged. CHICAGO; March 20. Butter firm. Creamery, 52nc i'twi. jveceipis. iu,-iu eases: firsts, 441r45c: ordinary firsts, 41ffl42c; at mark, cases Included, 43fr44c. PoUltrV AllVO. imsettloH finri.n f!T. WHEAT CROP THREATENED DAMAGE FROM DRY WEATHER IX SOUTHWEST FEARED. We own and offer for immedltite delivery City of Reports Have Strengthening; Effect on Price of Corn at Chicago. Market RaUles Early. Dried Fruit at New York. ' N Eft 1 ORK, March 20. Evaporated pplea dull and weak. Prunes mmieratt.lv tiiu. x eacnes auil. 47 20 67 13 75 35 06 83 "TO 101 43 28 10 8 3114 43' 302' 24 V 18 21 1 12 t 121 1 00 li lo: T 53 25 8. 44 104 BONDS. TJ S Lib 3'i.s... 07.00! Anglo-Kr 5S .. do 1st 4s 0O.40 A T & T cv s do 2d 4s . ., .NO. 101 A ten gen 4s... 07 '4 08 7 do 1st 4 s. . .011.781 U & R G coll 4s . t4 do 2d 4 H. . .81I.40 N Y C deb OS. do 3d 4 i s... 02.48,1 M P 4s do 4th 4 S. ..M'.nl . J As . . Victory 3s ...07.52'Pac T & T us. . do 4s iil.jil ra con ..- n r cv as So Rv os I! P 4s L' S Steel 5s. . . . U S 2s reg 101 do coupon . ."i"i U S 4s reg 106 do coupon . 106 Pan 3s reg 88 do coupon . . .88 75 '4 is V 84 4 82 '4 06 Vi Bid. Mining Stocks at Bostoh. HOSTON. March 20. Closing quotations Alloues 35 INorth Butto .. 10i Ariz Com 124iOld Dom ... Calu fc Ariz. . . . 63 Vs I Osceola Calu & Hecla. .3511 iyulncy . Cop ' Range East Butte . Franklin Isle Royalle . Lake Copper. Mohawk 43 I Superior . 14Sup & Boston. 3 (Shannon 32V4!Ctali Con .... 4 Wolverine 67 Ulreenft Can . 3: 48 01 5 4"4 1 8 "4 10 33 Dairy anl Country Produre-. BUTTER Cubes, extras, 64c per pound: prints, parchment wrappers, box lots, 67c per pound; cartons, 68c; half boxes, V4c more: less than half boxes, le more; butterfat. No. 1, 68W60C per pound at stations: Portland delivery, oruinary grades, 70c; A grade, 72c. - EGOS Jobbing prices in rmnnio. gon, ranch, ease count. 33'a.33V4c; candled, 53S 36c; selects, gup-40c. CHEESE Tillamook, f. o. b. Tillamook; Triplets, 32c; Young Americas, $::x; long horns. 33c. Coos and Curry, f. o. b. Hyrtle Point; Triplets, 31c; Young Amer icas. 32 Vie. POULTRY Hens. 3236c; springs, 32 hn.ll.ri 4k: hul-ks. -i.ic, irw, -'.e 23c; turkeys, live, 40c; dressed, choice, 00c VEAI, Fancy, 25c per pounu. PORK Fancy, 21c pound. Fruits and Vegetable. i-ot-ttc rr.nires. $4.50S 7.75; lemons. $5.75'(i6.2J per box; grapeirun, .... ..-o per box; bananas, lowiic per m"u, pies. 1.5(Pb4 per box"; cranuernea, ..uv per box. $12 per barrel. lettuce, $2.503.25 per crate : beets. fJ.so i 4 per sack; cucumoers, -.oij carrots. $1.75 per sacs; ceierj, " per crate; horseradish, too per pounu, garlic, 40e per pound: turnips, $4 per sack; cauliflower, $2.25'S 3.75 per crate, tomatoes, $4.50. per box; parsnips, $3.50 per sack: artichokes, $1.75 per dozen: pep pers 40fr 50c per pound: spinach, $1.7.iW 4 23 per box; rhubarb, 12$ 14c pound; peas. 15 17c per pound; sprouts, 17e per pound; asparagus. 17Vj2iic per pouno. POT A TO KS oregons, f.i.-O cro..i.p j-rr sack: Yaklmas, $5.o0o; sweets, 8',,'anc pound. UNIONS Oregon, 3wovxu per pounu. Staple Groceries. Local jobbing quotations: SUGAR Sack basis: Cane granulated. 16 per pound; extra C, 35.00c; Golden C. 15.50c; Yellow D, 15.40c; cube, In barrels, 16 85c; powdered in barrels. It. 43c. NL'TS Walnuts, 32W30C; Brazil nuts. 3oc: filberts, 35c; almonds, 3.to3Sc: pea nuts, 15613V,c: chestnuts, 25c; pecans, 32c; hickory nuts, 1.1ft 10c; cocoanuts, $2 per dozen. SALT Hair grouna, nwc, h.i.i per ion. 50s, $19.50 per ton: dairy, 120.00 'a 28 per ton; best refined. 50s. $36.50. HIO; Blue Rose, Hie per pound. BEANS White, 8c; pink, 8c: lima, 13c per pound; bayqus, 10c; Mexican reds, 8c per pound. COFFEE Koastetl. tn arums, roigaic Provisions. Local Jobbing quotatipns: ' HAMS All sixes, 3538c: skinned, 28 one, iiiiiK, vvi..ft. v. . ...... .-. i.idl trTii'l: AViiSTRovn LARD Tierce basis, 2vtc; compound, n r.r.w o ' -- r " 3ct per pound. I u usual Inlert Aiwrn in xuiiiy in Sterling Exchange. NEW YORK. March 20. The hope that congress may formulste a constructive tax programme, progressive advances in Brit ish exchange to the highest point since De cember and a free supply of call money Money, Exchange. Etc. NEW YORK. March 20. Mercantile paper unchanged. i.:v,.hiinff weak. Sterling 60-dav bills, ::.74; commercial, 00-day bills on banks. ::74&i: commercial. OO-Uay -blliS, .i.iO''i. demand, $3.78; cables. $3.70Vj. Francs, demand, 13.77; cables. 13.7.1: Beigian francs, demand, 15.22; cables. 1.1.20 guilders, demand, 36; ealiles, 30: lire demand, 18. S2; cables, 18.20; marks, un- ,-lam-eri Hterllnir showed further weakness later in the day. Quotations ere: 60-day hillsl $3.73; commercial, OO-day bills on nanus. $3.73; commercial. 60-da.v bills, $3.72 V; deimund. ?3.77: cables, $3.77. Bar silver, $1.20. ' . Mexican dollars, i)5'.ic Government bonds heavy; railroad bonds steady. LONDON, March 20. Bar sliver, 72d per ounce. Money unchanged. Discount rates short and three-months bills, 5rg5 per cent. , Swift Co. Stocks. Closing Drices of Swift It. Co. stocks a! Chicago were reported by Overbeck & Cooke company of Portland as follows: Swift Co l-'i l.ibby. McNeill Libby -i Swift International 411 National Leather 14 Deficit In Actual Reserves. NEW YORK. March 20. The actual con dition of clearing house banks ad trust companies for the week shows that the reserve held is $7,075,000 below kgal re quirements. This is a decrease of $37,013, 420 from last week. " DRY FALT Short, clear backs, 25j?2Sc per pound; plates, 23c. bacon Fancy, 4e-duc; stanuara, ajw 30c per pound. Hides and Felt. HIDES Salt hides, under 45 pounds. 2c to 24c: green hides, under 45 pounds, I , ., ,.,. nrovided the motive power to 20c; green hides, over 4o pounds. Its. to Colon Mttrket. NEW YORK. March 20. Cotton Knot sieauj. Jll'JUIlng. 41.250. Dululh Linseed Market. I'ULUTH, March 2ll. Linsotd, $5.12. s : LITTLE STOCK POR OPEN MARKET Most of the Supply at Yards Comes Direct. Only a few head of stock changed hands at the- yards yesterday. Fifteen loads were received, consisting of 76 cattle, 755 hogs and 581 sheep, but most of the stock came direct. There was no change in the market situation at the close ot the week. Bogs continued steady, but other ' lines were inclined to be weak. Livestock prices at the Portland stock yards were as follows: Cattle Price. Best grain, pulp-fed steers. .. $1 1.5oi 12.00 Choice steers 3 i.oofi. 1 1.50 Choice to good steers 1 o. 00 'a 11.00 Medium to good steers p.oni in. tin Fair to good steers 7.50ifi 8.50 Common to fair steers 6.50ii 7.50 Choice cows and heifers O.OO'i 10.00 Good to choice cows, heifers.. K.liO'a' 0.00 Medium to good cows, heifers 6.5C dv 7.50 Canners- 3.00'n 5.50 Bulls , 5.0ovr- 7.50 Prime light calves 15. 5"fi 17.00 Medium to light calves lO-OOi 15.50 Heavy calves 7.0010.00 Stoekers and feeders... 7.50((p 8.50 - Hogs - ... 15.7r.fi 16.25 ... 15.50 i 15.75 ... 1 I 00 'o,1. 1.25 . .. 32.0O&, 13.00 . .. 10.7Sa 17 75 ... 15. .10( 10.75 1 4..o fein.no 11.001 14.50 14.50',i l.l.oo 13.00W 13.50 10. 00 f 12.00 Prime mixed Medium and mixed.. Rough heavy-.. Pigs Sheep Eastern lambs Light valley lambs Heavy valley lambs Common to medium lambs. . Yearlings .'. . . Wethers Ewes .'. Chicago Livestock Market. CHICAGO. March 20. Hogs Receipts. !i;oo. light grades steady to 10c higher. Heavy grades slow, mostly steady. Hulk, $14.."ofj 1: top, $10.30; heavy, $14.10 15.5(1; medium, tlo'f 18.30: light. $15.05'n lli.'lo; light, light, $14.85er 13.1)0; heavy packing sows, smooth, $13.1513.05; pack ing sows, rough, $12.40!'13; pigs, $13.40 15.25. Catile Receipts. 1000, compared with a week ago: Strong; beef steers about steady; others and she-stoelt below choice. steady to higher; fat bulls strong to. 25c higher; bologna mostly .Ho higher; veal calves $1 to $1.50 higher; stoekers and feeders steads to strong. Sheep Receipts. 3000, compared with a week ago: Lambs 25c to 50c lower; sheep steady to 25c lower. Omaha Livestock Market. OMAHA, March 20. Hogs Receipts, 12.000, unevenly steady to 25c lower; top. $15.30: bulk, $13.75615: heavy weight. $12. 50fr 14.30; medium weight, $14.506' 30; light weight, $I5S 15.30; light light. $14. 2515; heavy packing sows, smooth. $12.2515; packing sows, rough, $11.50'yi 12.25; pigs. $11.51)8 14. Cattle Receipts, 800, compared with week ago: Heavy steers in-between grades, butcher cattle. 50a lower. Yearlings, good, choice she-stock and bulls, 25c lower. Canners, cutters, veals, light stoekers and feeders steady. Heavy feeders 25c lower. Sheep Receipts none; compared with week, ago: Lambs, 5"c to 75c lower; other classes steady. Kansas City Llverttock Market. KANSAS CITY, March 20. Cattle Re ceipts. 120; market for week: Steers, steady to 35c lower: she-stock, bulls and canners steady; calves, steady to 25c lower feeders, weak to 25c lower. Sheep Receipts, i.o; market steauy; an grades and clai-ses steady. Seattle l ivestock Murket. SEATTLE, March 20. Hogs Receipts, 142: steadv; prime. $10'frl6.50; medium to choice. $15 'o 10: rougli heavies, $14it l4.oO Cattle Receipts, 134; steauy. nest steers $11. 25'o 11.75: medium to choice. $'n 10.75: common to good. $6.73i; cows and heifers. $fl.75B 10.25: common -to good :.50iij9.25; bulls, $i&8.2.; calves, $13? 13.00. CHICAGO, March 20. Apprehension of damage to the wheat crop In the south west gave a smart upturn today to the price or corn. Closing quotations were strong, 2-c to 3c net higher, with May $1.55 to $1.55 and July $1.48 to $1.48. Oats gained le to lc and pro visions 15 to 50 cents. Corn opened weak, but soon began to rally. Free selling on the part of com mission houses was responsible for the Initial declines. Talk of a. federal in vestigation of big upward swings in the maraei ot late was also a bearish factor. setbacks today, hovev-r, found shorts ready to take profits and It only needed a moderate stimulus to send values kiting again. The Incentive was supplied by re ports that dry weather in the soutliwest .threatened the wheAt crop. Strength of oats was for the most part in response to toe action or corn. Provisions rallied with grain. The Chicago market letter received yes terday by Overbeck & Coofeo company of niruana saia: Corn Too much short selling was In dulged In this morning and an oversold condition, was created, with the result tnai me market rebounded rapidly and closed at top prices of the dav. There was little In the news to account for the recovery other than technical conditions. The spot demand was sluggish and prices quoted unchanged to 1 cent lower than yesteruay. Weather conditions generally favorable, -and fair receipts are expected here Monday. A California house reports tne purcnase or Mexican corn for San r rancisco on the basis of $1.55 per bushel. All this corn, it is said, would grade No. 1 white. The situation at present is a mnt unusual one in that stocks at terminals are small, while supplies in the country are large and the pit prices above a profit able feeding basis. Oats rvillowing a lower opening this market' gained strength and the tendency continued upwards throughout the session. Kaieipts remain, small and country offer ings light, but the demand is equally unim portant, hence the stagnation in the cash market. The eastern shipping situation the all-important factor and western interests aro patiently awaiting a better supply, of cars to fulfill their contracts. Leading futures ranged as follows:. May. . July. . ept. . May. . July.. MESS I'OHK. May 3S.0O .",8.00 37.70 KS.00 July.... 37.25 38.10 37.20 38.00 LA P.D. May 21.70 22.15 21.67 21.07 July 22.50 22.02 22.47 22.77 SHOUT K1BS. May.... 30.10 30.37 10.02 30.32 July.... 111.00 10.85 10.57 10.85 Cash prices were: Wheat No. 3 hard. $2.4. Corn No. 3 mixed, $1.56; No. 3 yellow, i .-.s '., 1 mi iiats No. 2 white 04iS95c; No. 3 white, 2 v 03 Vi c. Rye No. 2, not quoted; No. 1, $1.75'ui 1.75. Barley $1..02 1.60. Timothy seed $lo-i, 12. Clover seed $43!ij5:). I'ork Nominal. La rd -$1'1. 1 7. Rihs $18.25 'o 10.25. Minneapolis drain Market. MINNEAPOLIS, March 20. Barley. $1.20611.52. Flax, $5.02 & 5. 12. Grain at San Francisco. SAN FRANCISCO, March 20. Grain Wheat, $3.00 2-5 per cental : oats, red, $3.20 & 3.25; barley, feed, $.1.4Qi 3.50 ; corn, Cali fornia yellow, $3.20'o3.25. Hay Wheat or wheat and oats, $3538 per ton: tame oats. $.".7fi4n: wild onts. nominal; barley, nominal; alfalfa, 32frr37; stock hay, $29i52; barley straw, GOCSoc per bale. CORN. Open. High. Love. Close. $1.51 Vs $1.55 11.51 i $155 1.44 1.4 1.4t 1.48 1.40 1.44 1.10 1.44 OATS. .85 .st;v4 ,s .sn .77 .73 .76 .78 Edmonton Alberta Gold Bonds 1 to Yield Due Oct. 1, 1929 Coupons April 1-Oct. 1, payable in U. S. gold dol lars. Direct tax obligation. 5'2s at 86.58 Wire orders "'collect" ssxxxxd si-oesi MosrTHWESTFm BAHK Freeman smith CAMP CO. KrmtUe Fred and liay. SEATTI'K. March '2VK City delivery: Feed Mill .$47 por ton; scratch fipd, $vi; focd wheat, S7: all grain chop, $7:1; outs, $71; sprouting oats. $70; rolled oats, $7;i; whole corn, $71; cnickf-d cwrn. $7; rolled barley. $7B; dipped barley, $Sl. ' Eastern Washington timothy mixed, $:!Sfrt:,ii per ton; double compressed. $4 J; ttlf-iffa, f lio; straw, $17 is; I'uset sound, Commander lo Adaress Club. CHEHALIS, Wash.. March 20 (Special.) Commander J. H. Black burn of San Francisco is scheduled as the Monday noonday luncheon speaker of the Chehalis Citinena' club. Com mander Blackburn is a navy recruit ing: inspector and had charge of the transport leviathan during the war. DAILY METEOROLOGICAL KEI0KT. PORTLAND, Or.. March 20. Maximum tempera tur. 61 degrees; minimum tern Dernt ure. .'IS decree... River reading, A. M.f .1.2 feet: fhanp in limt 2i hours, rone. Totai rmnfall P- JI. o 5 p- M trace; total rainfall since Sptmbor 1Utlt TIJV In.itiss- nnrmul ruinfiill slim' September 1, S4 6 inches; deficiency of rainfall mniM sepiemoer l, aim if, a.i inches. Sunrise. tf:14 A. M.: suntft, :-'. P. M. : totnl sunshine. hours; possible sunHhine, 12 hour v minutes. JHoonriRc, K:04 A M : niLjnnsot. 7:11 V. M. Barom eter (reduced a level , 5 P. M., s.U..'4 inchK Helutivu humiditv: . A. A!.. . 'per cent; noon, "u pjr cent; h P. M., 04 per cent. TUB WEATHER. BTATIONS. Wind Weather. HaKer . f Rnine Boston 'h I fc.i ry . . . , ChicaKo LViiver . . , . , Ies Moines. Kureka . ., Galveston . ., Helena f. Juneau Kansas City, l.os Anpeles. Marsh Held . Medford M inneapolU. . New York. .. North Head. I'hnenlx . . . . Pot atelio Portland . . . Tioseburs . rtt. Louis ... Salt Lako . .. Sun TMegn- . . fs. Francisco. tfw.ttle Sitka . Spokane Tacoma Ml HVO.fHi! . .'UK 1 ;t4 u.wmo;. a! ."".(. miL .inw .101 44'0.u4;..lN I Hi oJ'O.mil.JVB : :wf 4 0. (to . .INW i; wi'O.asi. . sk I I 'Imifi v 'I't. cloudy i i.iuay near (.'tftar Clear Clear Cloudy t lear M 4S 0.M. .iS r.a o.uo! . . is O.ou . .IMS n louuy r o.ooilL'IN cjrar f.nj T4 0.0tj . ,;S W jCloudy lis Eo(i.si . . !h Katn ;;: Mto.rHiii.4NF3 ('loudy L4i 4J. 0.U! . (Clenr 4M 0.8t(; j4 N W'Cluudy 4tt 4h M.(M :4 H lltain 4.; i t-"n.Afii. . W Clear irsi 54O.W,10;S IPt. cloudy ;tsi OP T I . . N ciuudy ;:s( t.o.n''' ,IH (Italn :;4l .".4'O.wiTh NWiCtear s.'l &su im . J X W (Mear r,oJ r,4 u..hJ. .;wr Pt. cloudy 4V Hi SW J Ha ifl 44 hj ft. nil. JSW Cloudy I H4! 44 ii.ool . .i . . ...rt. cloudy 4llj lVt.0.04,. JS M'inudy Read The Oreeonlan classified ads. t.. iir.,1, iih i : r.J u.4.12IS lltaln tValda 1 -!-JS 11.14'. .;NK Clear Walla Walla) 4M; TM it.ui n i. l iuny Washineton.. 2 4 J . r-u w cmmiy Whmlprg ...I 12i u.(Xt 1 SK K'lear Yukima I 0 'H. . fW ICIoudy A. M. today, inn K M. report of preeed- FOItECASTS. Portland and vicinity Rain; southerly winds. , . Oregon nd Washlnjfton Rain; moder ate to freyh southerly gales atong the coast. ... Idaho Pmbahlv rain and colder. STUKM WARNING. Smtthwst storm warning's extended to all FtattonB -xcept Astoria at tl P. M. Storm off Vancouver Island movinir Houtheat. Moderate to fresh. wuth. hhifUng to eouth rvet ciilef tonight and HnndHV. liivorccd Folks Kowod. KLAMATH FALLS. Or., March 20. (Special.) John W. Johnson and Mrs. Nellie Johnson concluded about a year ago that they could not live tog-ether and g"ot a divorce, but they found living apart more difficult and esterdav were remarried. Both are old residents here. Their first mar riace took place at Grants Pass, Or. in 1905. They were divorced here last April, the decree beina; granted the. ife on the ground of cruelty. IXe; salt or jrreeu ealf. 3."c to 60c; --ait or green bull;, l-'c to 14c; dry hldoj. over 7 puti nds. aov to -c ; d ry ca If. under 7 pounds, $c. to 6.V: salt bors hitler, lante. $S: salt horse hides, medium, $7; talt horse hides, HtnaH. $. PBLTS Fine dry long- wool pelts. 3jc; coarse, dry. Ions-wool pells, '2oc. lIPf. Wool. Ktr. 1TOPS mm crop. 82c per pound; 3-year contracts, 4c averas. MOHAIR Long lap it, 4vc; snort sta ple, '2:ri2ic. . TAULUW ftO. . A, Allelic; O. O'iftfU per pound. lots. IL'SC. WOOL Bastern ireson. line. medi medium, 4 'ft 3e ; coarse. fa 3 1 c ; valley, medium, fiOVJc; coarse. 35 (o 57c LINSEED x OIL -Raw. barrels. $2.0; raw, case. 3. ill : Doiiea, oaj-reis. .oa; boiled, drums, $2.11 ; boiled, cases, 2.23. TliHlrJiN A Al!s J. ana a, va&cs. $2.40. COAL OI L. Iron barrels. 14 17c; cases, 2!. ft 32c. " liASOLINhi iron parreis. . x.c; tana irarons. Ztc; cajtes. vtc. - J UKb Ulu i.uik. -'.a per rrei. Xfkvsml Norr SAVA fS AH, Ga.. March 2ft. Turpentine firm, 2.1.W; salps 4i barrels; receipts none; shlpramta 20 barraiis; stock l.'HJti barrels. Rosin steady; sales none; receipts 1C4, barrel; shipments none; stock 2S,H0H bar rels Quole: B. lH.r; D. K. F, O, H, il7.an; 1. $17.r,U5i 17.7a; K, $1S.75; M, N, WJ, WW. 4 WASHINGTON,' .March 20. Total stocks of turpentine on hand February 2 were o 4.1 1 4 barrels, tne department of agricul for this week's busy and irregularly strong stork market. tin usual Interest attached to the rally In London remittances. beeauso of the sharp decline of February exports from this country, ceoitipanid by indications that Britain's foreign trade in rapidly "expand ing. Acting on the snprc.m court decision, several ind us trial companies declared largo stock: bonuses and the movements of other shares of kindred character pointed to continuance of sd--h disbursements. Ralls had thefr occasional Intervals of activity and strength. There were times when the market's expensive, operations suggested an un mistakable accession ot public interest. According to observers, however, an overwhelm in 7 proportion of the business emanated from professional sources. The only" changes noted in the invest ment markel'were those occasioned by sev eral new capital offerings. These were easily absorbed. SAX FRAN'CISCO PRODUCE MARKET Price Current on Vegetables, Fresh Fruits, Etc.. at Bay City. SAN FRANCISvX), March 20. Butter Extra grades. 63c; prime firsts, Ic. Egg? Fresh extras, 46 c; firsts, 43c; extra pullets, 40c; undersized, 35c. . j Cheese California old style, flats, fancy, j SOc; firsts, Kc; Young America. 33c. I Vegetables Bell peppers, southern, 10 i 20c: chile. Florida. 20ftiiiric: pimentos. 7 la i 9c; squash, cream, 75"$1; hubbard, Zty 4v per pound; summer squash, per crate, i 9 2. r0 6 3; t om a toes, Mexican, $ 1 . 5i w 2 , per crate: fauey, repacked, $2.2. 2.75 per i :'0-pound lug: Florida, 20f25c per pound; I potatoes, rivers, white. $"itt3.o0 per cental; sweet. fiTS'AC por pound: Oregon Bur banks. S3. lofn 6: Oregon Wonders. $. 73: Idaho Genu, $5.75: onions, white, $5; Au- ture announced today, instead of ob.ui'J no mu n ssft r. 'jr.- etieniTit.pr hnt. barrels as previouly roported. - . house, fa'SrU.oO per" box; Enylisb, $Sf3.25; Omalia May Buy Gas Plant. OMAHA, March 20. Opposition to purchase by the city of the j?as plant at $4, 500, 000, court appraisal price cea.sed today with a majority vote of the citv commission to table a rejec tion ordinance. The water board will operate the plant. It asked for $1,000,000 working capital. OVERBECK & COOKE GO. Brokers, fftorks. Bonds, Cottoa, Grain. Etc 16-217 BOARD OF TRADE BLDO ME JIBE K3 CHICAGO BOARD OI TRA1K MEMBERS Csrrespon dents of Logan A Bryaa Chicago and New York. New Tork Stock Exrbange. Chicago Stock Excfaaogs. Boston Stock Exchange. Chicago Beard of Trade. New York Cotton Exchange. S New Orleans Cotton Exrbange. New 1'orb Coffee Exchange. New York Produce Exchange. Liverpool Cotton Association. Additional Offering $25,000 Franklin County, Washington Irrigation Distict No. 1 6 Municipal Bonds Exempt From All Federal Taxes 11,000 Acres in District Lien per acre, $33, is preferred to any present or future mortgage. Pasco is located in the center of the district ; no lands more than five miles from the city. ' Water supply Columbia river; inexhaustible. Maturity of bonds 1930-1939. Price Par and interest. Robertson & Ewing 207-8 Northwestern Bank Bldg. DKK1MTK 1J0XDS OX HAND IlIMUV FOR DIX1YEHY Opportunity Seldom(dots such an unusual opportunity com to th man or woman with mon.y to Invest than la (ivrn In th following vrouf of MUNICIPAL BONDS to yield 7i. Thes are all general UI obligation bonds of the lssuinR citlca and ar payable In COIN of the I'nlted States In New York or at the quarter of Udrri Brothers. Inc. They are all free frum aU dominion ov eminent taxation. MAKE YOUR INVESTMENT NOW because when these offerings are sold it in Tcry doubtful whether investor will ever again hare this opportunity. 4 m i. sin ri r ssy J Wn I JlsTsXl SHIlsits. ViTlMlSI Ml IS.III ti Til 4.000 Calpary. City of. Alta., School... 15,000 Calpary, City of, Alta., Si liool 2.000 Calvary, City of, Alta.. School 3.000 Calaary, City of, Alta.. School 1,000 Edmonton, City of, Province of Alta.. 20.000 Kdmonton, City of. I'rnvlnco of Alta.. 22.000 Edmonton, City of. Province of Alta.. 1.500 Edmonton. City of, Province of Alta.. 1.000 Eort William. City of 24,333 Fort William. City of 8.000 I.ethhrlrige, City of S.000 Ijethbildcc, City of 12.000 Medicine Hat, city of 13.000 Medlulne Hat. City of 6.000 Montreal, City of, Province of Quebec 42,000 Moose Jaw, City of 1.000 New Westminster, City of 2.1,500 North Vancouver, City of ii. 000 Point Orey, Municipality of. J'rov. H. C. 6 2.000 Point irey, Municipality of, Prov. it. '. 5 1.000 Point :rey, Municipality of. Prov. It. C. fi 2,000 Point Orey, Municipality of, Prov. Fi. C 5 2.000 Point Orey, Municipality of. Prov. H. C, 5 3,000 PcJnt 5rey, Municipality of, Prov. It. C 6 3,000 Point Orey, Municipality of, Pro. It. C. 6 3.000 Point (Irey, Municipality of. Prov. Ii. C. 5 1,000 Prince Ueorse. City of, Prov. K. C 82.000 Keclnu, City of, Prov. Sa.skntchcwan. 2,000 Pe,'lna, City of, Prov. Saskatchewan. 2,000 IteRinH, City of, Prov. Saskatchewan. S.000 Haskatoon, City of. Sankatohewan 5 ,900 Saskatoon, City of, I'rov. Sask., School t 14.000 St. Honifac. L'lty of 5 74.800 St. Boniface, City of 5 11.000 St. Boniface, City of 6 ,353 Vancouver, City of, Trov. of H. C. ... 4 6.(113 Vancouver, City of, Prov. of B. C. 10.000 Vancouver. City of. Prov. of II. C... 1,000 Victoria, City of. Province of li. C. 1,000 Victoria, City of, Province of It. C. 13.000 Victoria, City of. Province of It. C. 2.000 Victoria, City of. Province of It. C. 2.000 Victoria, City of, Province of I. C. 6.000 Victoria, City of. Province of B. C. 26,000 Victoria, City of. Province of It. C. 4,000 Victoria. City of, Province of 11. C. Rate Maturity ,. 44 Feb 1U'4 . . 4 V, Feb m ..44 Fob im .44 Feb 1M0 . . M&S 120 FVA 1024 ilXtt 1339 Jl 1!)54 F4.V 1!2J F&A 13114 FA A 102 4 Feb 19:! Jl 134S Jsl 1344 mav lttta JAIJ I3 JAJ 1X23 ,1AJ ll22 FA A 1324 FA A 1329 FA A 1330 FA A 1331 FA A 1932 FA A 1M4 FA A 193H FA A 1H3X MAN 1334 6 MAS 1923 4.j JAJ 1924 h AAO 19JH 5 .11 1943 JAJ 19,r0 .1AJ 193G 5 MAX 194.1 6 JAJ 1945 4'i JAI 1923 4 FA A 1923 4V, JAI 1923 S MAS 192t MAS 1922 4 JAJ 1923 4H JAJ 1923 4' JA.I 1925 MAS 19! at AAO 1919 ihi AAO 140 rrlreTleld M4 7 50 tt. 17 (759 li (0 9 10 ( HI 4 II 9 14 95 79 78. Tt 15.08 97.JH 71 73 72 29 16 14 71 14 9 75 91 14 84.13 81.44 82.15 81.14 80.1 1 78.27 74 IS 75.11 86.14 96.03 89.11 U II 718 82 89 77. 12 72 14 72.06 90 16 92.17 91.11 97 91 98 14 91 It 92 17 87.02 91.17 71 14 71.19 7.50 7 50 7 60 7.60 7.60 7.60 7.60 7 60 7.60 7 50 7 50 7 60 7.60 7.60 7 60 7.60 7.60 7.50 7 60 7.60 7.50 7.60 7.50 7.60 70 7 60 7.60 7 50 7.60 7.60 7 60 7.60 7.50 7.60 7 50 7.60 7.60 7.50 7JiO 7 60 7 50 7.60 7 50 7 60 7 40 LIBERTY AND VICTORY BONDS If .von msjot sell ynnr l.ihertv sr 'Ictory ImikIs, sell im as. ii .inn run her more l.lhitrty nr Mry ImmmIs, huy frmn urn. On Saturday. Mari'li "0. the clnsin ew Tnrk nisrkwf prices wsrs ss slven below, 'i'hey sre Die Kn.-eriiln il- r.ir Ut.rtv unit Victory hnnits sll opr the world, and the hiichnst U's S'iverlfN tlifn prlres ilslir In rdr that ynu may slwavs know iha New York market and ttis cssct vslus uf rur liberty and Mrtory boml. 1st 1st 24 let Id 3d .'i's. 4st 4s. 41. 4'.. 4'.. M.irkrt IIV.I'O l040 Ml CIO flu fi) txt.;i rj 4 1 Interest IKI 1. 00 1 40 I.I.I 1.41 .07 .Total ....07.03 VI. 40 0U.40 ln) Do.lil d.M 4ih 9li HI Vlrwrr 9a 4.s B7 .Jt 111 18 t.: 91 Vi 34) 91 74 When buylnnr deduct 7o on s .",o ,ond snd liAO on a lloeO buSjd. V'e sell at the New York markt t. plus th crruei Interest. . llurs;lar and Fireproof Salt Deposit Boar for Re at 4pen I'otll 8 1. M. en Saturdays. MORRIS BROTHERS, Inc. The Premier Municipal Itond House (apllal Use Mllllosj Usllars Morris Ilulldlna, 3IW-I1 Mark Ptrrct, II et. Fink asd JtUth. TKI.F.PIIOVKi lllll)W AV 21.". I Fstnhllshea er a tsjarrf t-nlrr 1 A Safe Investment The Queeta Tradins; company Is a Bolng", p;rolnir concern. They own 53 acres of rich land Juel within the nioulli of the Queets river In Jefferson county, Hh. There they are opsratlns; a large salmon, clam, beef and veelahle camii ry. a acneral etoro and hotel, and ere huildlngr n eonsilns; vensel Urge rrrnufh to handie the rapidly growing bimlneaa. 1 here are some 201 white settlers in that part of the county whose only mentis of trans portation, atilde trotn hiking over ionsr and had trsils, fa bv host from the wueets. Wo have no 'onipetitlon, and are doing: a, splendid business In every department. The freluht rate to the (Jueets from Hoqulam 0 ntllesl la 115 per ton. Our new boat 'will carry 65 tons. The compary pays only about 60 per cent of the "outside" price for their fresh salmon, most of the work is performed bv Indians and the cost of pat-kins; aslmor) and otherprortuctit there is only shout 60 per cent of Ihe cost else where. We expect to pack 25,000 cases of salmon this year and 1 S.000 to 25.000 ciikps of other products. Oeneral store will net us about J4000 profit and the hotel about tliioO. The hoat la e pected, at a low estimate, to net us not lis than 125,000 profit. We want to enlarite the whole plant and to raise the money for this and for the new boat we are offering a small block of our stock at 10 cents per share. Capital $100,000. Htock all non assessable. Leading businessmen of Grays Harbor are the officers. Itefereneel Any Bank or Bosloess noose Here. Send for Oar Circular It Gives Fall Particulars aad Mas of This SrrtioD. Queets Trading Co. Iloqula Mash. ft A ft PAYMENTS mairiMy buys outricM any stock or bond, fairchasir secant ll JiirJtndK Odd Mi our spitially. Wne for si feted lilt and full particulars - FREE ' CHARLES E.VAN RIPER Member Cortol4ottrd Sloe Eichtrntj HERRIN & RHODES, Inc. Portland Seattle Tacoma BROKERS 1 f Direct Private Wires to AH Exchanges Members of Chicago Board of Trade, Chicago. STOCKS BONDS COTTON GRAIN ' Correspondents ' 201-202-203 E. F. Hutton & Co., New York Railway Exchange Building Clement, Curtis. & Co. Chicago Telephones: Hayden, Stone & Co., Boston Main 283 Main 284 R. P. EFFINGER, Manager PORTLAND, OREGON German City Government and Industrial Bonds We offer for Immediate delivery euhject to clianjo without notice or prior rale: City of Munich 5 $30.00 City of Leipzig" 6rc JIIJ.OO City of Berlin Aro. $21.00 City of Hanover $21.75 City of Cologne i'i $24. SO City of Trier 4 $22.G0 Cy of Essen 4 $21.75 City of Munich tn $21. KO German Government 1 ...... 1 1 4 SO German Government 5 $11.10 Pruss. Bond Bank 4 $21.00 AllRem Klekt. Ges. 4Vj $21.01 Hoechater Farbw. 4, $27.0 BadUche Anllln 4Vj $21.00 Bens ft Company hrt $24.50 Bonds delivered In 30 to 10 days. Interims In meantime. Normal value of bonds $233.00. Can now be had at one-tentb of pre-war price. Write for particulars and additional quotation. Transatlantic Estates & Credit Co., Inc. 222 Chamber of Commerce Bide. Mar 90S. PHONE YOUR WANT ADS TO THE 0REG0NIAN ' Main 7070 A 6095