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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (April 11, 1920)
THE SUNDAY OREGONIAN, PORTLAND, APIHL 11,. 1920 DECLINE IH FAILURES i m ninT I favorable Showing Made by Oregon in Three Months. LIABILITIES ARE SMALL 111 rflu QUARTER pther Western States In Prosperous Condition Country as Whole Establishes Record. An Indication of the un4nera of busl in conditions In Oregon and elsewhere hroughout the west Is found in the ata ctics of failures during the first quarter t 1620, as compiled In H. G. Dun A Co. a the three months -oerlod there are bnt O failures In this state, as asalnst 27 in ho same period last year. The total llabll ites this year were $144,512 as compared ith $453.6r2 in the same period last year. f the 20 failures in the past quarter, six p of manufacturing concerns with lla- Ulties of $73,040; 13 were trading fallnrea frith liabilities of $08,528, and one was the miscellaneous list, the liabilities l-elng $2582. Failures in the three coast states were 6.2 per cent less in number and 14.1 per ent less In liabilities than during the first li natter of 1919. For the western group of tates the decrease In number was 48.4 ceni ana in liabilities 18. 8 per cent. The statistics for the western and ooaat frtates are here given: IS umber. 1&-J0. 1919. and St. Paul were 50 cents higher than other markets at $8.60. Shipments were lighter, boxed apples de creasing 12 cars and barreled apples 100 cars (Turing tbe week. Boxed apple ship ments were 424 cars, compared with 580 last week, and AO tbe same week a year ago. Barreled apple shipments were 268 ears, compared with 348 the week previous, and 211 the same week last year. BANANAS DELITKRED OH SCHEDULE California Vegetables Get as Far as Brook lyn and Are Hauled In. Several cars of bananas arrived yester day and much to the relief of the jobbers they were brouarht mto position at the North Bank yards by the regular train crew, so they were unloaded without de lay. California, vegetables coming by freight, however, got no farther than Brooklyn and had to be hauled in by truck. Freight and express shipments sent to the depots were returned to the shippers. There were no changes of importance in the product markets. Potatoes were bought from farmers in a small way at $0.5001 and were jobbed .it $7 $7.50. Bank Clearings, Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland S 5.842.911 11.198.O30 Seattle 17,314,608 2.1.19.771 Tacoma 646.0S6 52,418 Spokane 1,889.825 634.160 Clearings or Portland. Seattle and Ta coma for the past week and corresponding week in lormer years were: fortlana. Seattle. Tacoma. ...$3B,2.72.512 $50,747,629 $4.840,17S ZS,fHH,14t3 H,V,W1U . ,4,Oi: 'HOP CONTRACTING HEAVY BIG BLOCK OF TASTMAS IS BOUGHT BY McXEFP BliOS. Deal Involves 345,000 Pounds Valued at $128,000 Five Growers Sign Their Crops. mo. . 119. . wis. . 1017. . 11. . 1915. . lt'1-4.. lflia. . 1012. . 1911.. 1910. . 25.610,868 18,317.260 12,870.816 ll,5r.,7i 13.296.625 14,208.691 12,:U,790 12.63o.3S5 11,937,272 84.377.115 28,313.309 I. 6.024.108 13,253.267 14,114.497 13.0S05 II, 862,431 9,981,491 11,554.849 4.4116.477 2.818.377 2,5 1, 633 2,188,732 2,185,304 2.867,001 4,108,904 4,107,426 4,871,459 Hop contracts aggregating $128,000 In value have been made in the Yakima sec tion by McNeff Bros, of this city. The Taklma Republic says: "Business in the hop market continues active, with sales of the coming year's crop now being made at from 35 to 50 cents a pound, figures which are consid ered quite conservative at the present time, but which a few years ago would have been regarded as almost fabulous. "Contracts from five Moxee growers for a total of 345.000 pounds of hops, to be sold for $128,000 to McNeff Brothers, were Placed of record today in the office of the nciL, lso uostn; bidet BOiL are Oscar Lenaeigne, Anns S. Hisoock. I. H. JDesmaraia. Oscar Beaulaurler and George L. Cyr. The prices paid for the hops range from 33 cents to 50 cents a pound, the latter amount being paid Beaulaurler for his 20,000 pounds contracted." Cheese Old style, California flats, fancy, 30c: firsts, 26c: Young America, 3 Vegetables Bell peppers Los Angeles. 25 36c; Hubbard squash, 4 "AW 5c per lb.; summer squash, per crate, $1.75t(Z2; to matoes. Mexican, 2.252.75; fancy. tS'ft 3.30 per 30-lb. lug. Potatoes. Rivers, $7.50 8 per cental: plow-ouu, J 6.7507: sweet. T-&8iic per lb.; new potatoes, 12ji'13c per lb.; onions, Australian brown, $5. 756; cucumbers, hot house, $3.504 per box; garlic. 3540c per lb.; artichokes, per dozen. 3570c: turnips. 11.75; carrots. $1.251.5U; beets, (2.5U03; caullliower. per dozen, 75c$l; lettuce, southern. $1.50 (02. 5U; Sacramento, $1,5042 per crate; Im perial Valley. $3.501313.75: peas, 7llc; as paragus, OlOc; fancy graueu, lU(a-12,c green asparagus, fi8c; spinach. 2fe&3c; green onions, $11.25 .per box; celery, per crate. River, $1.50 6 2.50; Watson villa, $30 4.50. Fruit Oranges, Navels, $3.25(9 9.25 ac cording to size; V'alenciaa. $3.5095.50; lemons, $3.25&5; grape fruit, $2. 250)3. 50; tangerines, $3la3.50 per half orange box. bananas. Central American. 8vidbc; Ha waiian. 9 910c per pound; plneapplea $4a6 per dozen: apples, Newtown pippins, S-tler, $2 502.75; 4-Uer. $2.25 U 2.50; 44-tier, $292.25; rhubarb. Bay stock, per box. . $1.852.25; strawberries, Los Angeles, $4 4-25; loquats, per pound. 10915c; avo cadoes, 423 pr dozen. Receipts Flour, loo air. V..-1.., 2276 centals; oats, 172 centals; beans. 270 sacks; corn, 4540 centals: nnuina, 4311 : STOCK TRADE IRREGULAR DEALINGS ARE LIMITED AND ZOXE IS UNCERTAIN. TRADING AT STOCKYARDS IS LIGHT PORTLAND MARKET QUOTATIONS Grain, "Floor, Feed, Etc. Merchants' Exchange, noon session: -Bid- Liabillties. 1920. 1919. $ 144.512 S 453.652 1.787.907 1.312.588 rireron 2ft r vaehlngton .. 36 40 lalio 5 18 26.000 83.814 'allfornla ..100 ISO 1.243.700 1,932.937 ''ontana .... 14 16 107.808 187.989 Vyoming ... 2 2 S5.0OO 8.000 tah 3 8 21 14S.846 111.268 Nevada .... 1 6 60.000 8.411 Arizona .... 2 7 9.000 79.619 ror tne united states as a whole the nsolvency exhibit for the first quarter 5-r 1920 Is the most favorable for the period, in number of defaults. In four ilecades, and in the liabilities are the imallest In 20 years. Exclusive of bank, ng and other non-commercial reverses i.62T failures, with an aggregate indebt edness of $29,702,490, were reported dur ngr the three months just ended, whereas n the opening quarter of 1919, which was It. time of relatively moderate business mor tramy, there were 1904 insolvencies In ihe United States, involving $35,821,052. It thus appears that this year's defaults fire 14. 0 per cent fewer in number and 117.1 per cent less in amount of indebted J i ess than those of last year, while do. bcllnes of 50.7 and 40.3 per cent, respect' fvely, are shown In comparison with the It'lOO reverses for $49,780,300 of the first Luarter. of 1918. I Carrying the analysis back to 1915, when the 7218 failures for $105,103,333 repre sented the high point for the quarter. It f-s seen that the present returns disclose a reduction of 77.5 per cent In number of allures and 71.9 per cent in liabilities, knd only on three other occasions In the ast 45 years In 1919, 1881 and 1880 iss the number of insolvencies fallen be ow the 2000-mo.rk In the first quarter. BEMIIM ON SOFT WHEAT ADVANCED 04.00 65.00 ... 67.00 66.00 basis, $2.20 per Coarse Grains Are Also Higher in Local Market. The wheat market was very strong yes. eraay, witn the club premium onotorl a t lisa cents and 81 cents offered. There was tlless Interest in hard wheat. BlninUra ws Field at 60 cents and Turkey at 60 cents. rne coarse grain market was firm but without trading on the board. Corn bids were raised $1 and sacked oats were 50c 4 Jl higher. Clipped oats were unchimul Grain bags were strong with keen bid ding In the trade. Sellers asked 21922 cents for carlota. , Jutporti irom Portland the past week were 273,900 bushels of wheat and from Astoria 71,668 barrels of flour. Exports from the Columbia river In March and for the cereal year to date sere as follows, wheat given in bushels Ind flour in barrels: Wheat Europe ......... allfornla ...... Hawaii prient Total Floui f allfornla .. Europe ........ Hawaii ........ prient louth America. . Total March. 8.255 "i9S .. 6,453 . . 13.818 . .264,461 !'. B6.7ii . .334.998 Season to Date. 1,244.865 1.500 336 12255.623 149.792 2.197.491 S. 513 88.947 1.956 12 1 22 80 6 31 171 3521 422 1964 .. 4 79 280B 171 773 i2 .. 148 1137 13 234 764 634 1133 71 1077 621 2413 2.441.699 For the corresponding period last sea- ton, wheat shipments were 8676 bushels and flour shipments 1,595,513 barrels. IjPuget sound last month shipped 2092 'bushels of wheat and 445,821 barrels of flour. Total shipments from all north Pacific ports for the season to date equal 26,538,172 bushels of wheat against 18, 436,946 bushels in the same period last season. Terminal receipts, in cars, were reported by tbe Merchants' exchange as follows: Portland Wheat Barley Flour Oats Hay Saturday lo Total this week 118 Season to date. 7647 Tacoma Friuay 2 (Season to date. 6313 Year ago 6106 Seattle Friday 13 Season to uate.55io Year ago 5115 I EGG CHANGE MAY NOT BE SERIOUS "Receipts Not Checked, bat Shipments Held Back Butter Cleans Up, The strike has had a weakening effect n the egg market, but not to any serious extent. Buyers offored country shippers S7 cents yesterday, and some of them will cut the price to 36 cents Monday. Jobbing quotations have not been changed. The strike has not Interfered with re elpts, as most or tne eggs come in by xpress, but shipments from this city can. ot be made. The trade with outside mar ets was not large, but there was a -toad knovement to Seattle storagea These eggs rsrill be stored here or held on the floors "pending the settlement of the strike. ' Butter wbs firm as a consequence of the San Francisco advance, which has made it Impossible to buy butter to bring here. The larger stock or cubes that was on hand here a few days ago has been cleaned Oats ' AnriL May. No. 3 white feed , $60.00 $61.00 corn No. 3 yellow Eastern grain, bulk Oats K6-lb. clipped 61.00 61.50 38-Ib. clipped , 61.50 62.00 uorn No. 3 yellow WHEAT Government ousnel. FLOUR Famllv natents. $13.15: bakers hard wheat. $13.75; white wheat, $12.05; graham, $11.80; valley, $11.40; straights, $11 per barrel. MILLFKED Prices f. o. b. mill, city cartage $1.50 extra: Mill run, car lots of mixed cars. $43 per ton: rolled barley. $72: rolled oats, $66; ground barley, $72; scratch feed, $84, CORN Whole. 874: cracked, per ton. ton. HAY Buying nrice. f. o. b. Portland; Alfalfa, $31.50; cheat, $19; oats and vetch, $26; valley timothy, $2829. Dairy and Country Produce. BUTTER Cubes, extras, 59960c pound; prints, parchment wrappers, box lots 63c per pound; cartons, 64c; half boxes, hie more; less than half boxes, lc more; but- terfat. No. 1, 62f63c per pound at sta tions: Portland delivery, ordinary grades. 64c. EGGS Jobblnr nrlcea to retailers. Ore gon ranch, case count, 87 939c; candled, 40c; selects, 42c. CHEESE Tillamook, f. o. b. Tillamook: Triplets. 32c; Young Americas. 83c; long- norne, 33c. Coos and Curry, I. o. a. Myrtle Point: Triplets, 31c; Young Amer icas, 32 Vic. POULTRY Hens. 86tS7c: broilers, 50c; ducks, 45c; geese, 20 35c; turkeys, live, 40c; dressed, choice, OOc VEAL Fancy, 23c per pound. PORK Fancy, 22c per pound. Fruits and Vegetables. FRUITS Oranges, $3.5007.25: lemons. 5.2596.25 per box; grapefruit, $3.2597.50 per box; bananas, 10911c per pounc, ap ples, $1.2594 per box; strawberries, 4Uc per basket. VEGETABLES Cabbage. SUo pound; lettuce. $3.7594 per crate; cucumbers, $1.25 3 per dozen; carrots, $394 per sack; cel ery, $79 8.50 per crate; horseradish, 2oc per pound; garlic, 409450 per pound; cauli flower, $2.5092.75 per crate: tomatoes, $49 4.25 per box; parsnips, $3.5094 per sack; artichokes, $1.5091.75 per dozen; spinach. $1.65 per box; rhubarb, 8910c per pound. peas, 15917c per pound; asparagus, 149 17c per pound. POTATOES Orerani. 87 7.50 ner sack: Yaklmaa. $898.50: new California. 14c per pound; sweets, 10c pound. ONIONS Oregon. $6.509T per saok; Australian Brawns, $7qP7.50 per sack. Staple Groceries. Local Jobbing quotations: SUGAR Sack basis Cane granulated. I 18.30918.75c per pound; extra C, 15.909 16.35c; Golden C, 15.80916.25c: Yellow D, 15.70916.15c; cube, in barrels, 17.159 I 17.60c; powdered, in barrels, 17.75918.20c. NUTS Walnuts. 32i39c; Brazil nuts. 30c; filberts, 85c; almonds, 85938c; pea nuts, 15 9 15 Vfec: chestnuts, 25c; pecans, 32c; hickory nuts, 15916c; cocoanuts, $2 per dozen. salt Halt ground. 100s. 117.75 ner ton: 60s, $19.50 per ton; dairy, $26.50928 per ton; oesi reiinea, ous, 13u.au. RICE Blue Rose, 16c per pound. BEANS White. Rlic: nlnk. Hue- lima 13c per pound; bayous, 10c; Mexican reds, 8c per pound. COFFEB Roasted. In drums. 89 951c, Provisions. Local jobbing quotations: HAMS All sizes. 36o3Uo: sklnneri "net S9c; picnic, 24 925c; cottage roll, 30c LARD Tierce basin. &14C: r-nm nnnnH 25c per pound. DRY SALT Short, clear backs. 25 029c per pound; plates, 23c. oj-L-JOiN Fancy. 44 a 52c: standard. saa 41c per pound. lUdea and Pelts. HIDES Salt hides, under 45 lbs.. 28e: green hides, under 45 lbs., 25c; salt hides, over 45 lbs., 21c; green hides, over 45 lbs., 18c; green or salt calf, to 15 lbs., 57c; green or salt kip, 15 to 30 lbs., 80c; salt bulls, 17c; green bulls. 14c: dry hides. 32c: dry salt hides, 26c; dry calf, under 7 lbs.. 55c; salt horse, large, $8: salt horse, me dium, $7; salt horse, small, $6; dry horse. large, $4; dry horse, medium, $3; dry horse, small, $2, PELTS Dry pelts, fine long wool. S5e: dry pelts, medium long wool, 30c; dry pelts, coarse long wool, 25c; salt pelts, long wool, March take-off, $3 to $4; dry goat, long hair, pound, 28c; dry goat, short hair, pound, 20c. Hops. Wool. Etc HOPS 1919 crop. 95c per nonnd- three-year contracts, 45c average; one year contracts, 65c. , MOHAIH Long staple. 83 9 36c: short staple, zavduc. TALLOW NO. 1. 12,c: No. 2. lOVte per pound. casuaka ua ka per pound, loaiiuc- car lots, i2wc. WOOL Eastern Oregon, 40950c: valley. meoium, on tio-c; coarse, aw (a OiC. BAUb (Jar lots, 21922c. FLOUR TRADE IS BECOMING NORMAL Change From Government Control May Be Easily Made, The removal by the grain corporation of the 60-day time limit on flour sale Is generally regarded as simply one step In the discontinuance of control by the gov ernment agency, and as indicating that further action in the sams direction may be expected prior to May 81, says the Northwestern Miller. Although the millers united solidly in defending the grain corporation from Sena tor Gronnas attacks, and showed their unanimous desire to have it continue in operation until the legal limit of its ex istence was reached, there can be no doubt that Its final withdrawal is now looked forward to with general satisfaction. The events of the past six weeks. in volving the suspension of ill-judged flour buying, the reduction of prices, and thu curtailment of output, have put the trade In far better shape for the transition from government control than It was during the December-January days of inflated wheat values and an over-excited market. The lessened flour output in particular, is bound to create a sufficient reduction in stocks so that, within a month or two, the demand will again be normal; and prices at that time, relieved from the artificial restraint of government, guaranties, seem likely to reflect accurately the relation between supply and demand, expressed, of course, In dollars which have lost 50 per cent of their purchasing power in the past three years. Only Two Leads of Eleven Received Are Sold Daring Day. Eleven loads of cattle cnnlilnlnr 57 head, were received at th, muvArri yesterday, but only two loads were sold. These were steers averasinir 1H7 nnn and they brought $10.86. xnere was no trouble in handling stock at the yards during the day, but there was some apprehension as to what ef fect the strike may have later. A traln- loaa irom eastern Oregon and Idaho is due today for Mondays market and yard officials hope to be able to unload tbe stock without trouble. Livestock prices at the Portland stock yards were as follows: Best prain. pulp-fed steers. . .$11.00 11.75 inoice to good steers. Medium to good steers rair to good steers Common to fair steers. .... Choice cows and heifers..... Good to choice cows, heifers. Medium to good cows, heifers. tanners ................... Bulls i Prime light calves Medium to light calves Heavy calves Stockers and feeders....... HogS Prime mixed Medium mixed ............ Rough heavy............... Pigs Sheen Spring lambs Eastern lambs Light vallev lambs......... Heavy valley lambs Common to medium Iambs.. Yearlings Wethers Ewes. f 9.50910.00 8.759 9.75 7.25 9 8.25 6.259 7.25 9. 00910.00 8.0O9 9.00 6.009 7.50 3.0O9 6.50 5.00i 8.00 15.5O917.00 10.00 0 15.50 7.00970.00 . 7.2598.50 16.508 17.00 18.00-916.50 12.009 16.00 13.00913.00 .17.00-920. 00 17.0O918.OO 15.75917.00 14.2.-,3il5.ra 11.00914.50 14.00 14.50 14. 0O Oi 14.60 10.00 913.00 Strike Situation and Tncertain Money Outlook Have Erfect on Speculators. NEW YORK. April 10. The uncertain tone of today's brief and dull stock market session was attributed to moderate selling for both accounts, due to the extension of the railroad strike and tbe uncertain money outlook. Steels, motors and equip ments featured the early reaction. Extreme reversals of 10 to 6 points were largely re corded in the final dealings. A few issues, rotably shippings, sugars and metals, ran counter to the early set back: Ralls retained all of their recent apathy. Sales 500,000 shares. The United States Steel tonnage state ment for March showed another increase in unfilled orders, bringing the total up to 9,892,075 tons. This is the largest amount of orders on tne corporation's book since August. 1917. Bonds, especially the liberty issues, were weak, rallying moderately at the end Railroad and Industrial bonds also fell back from fractions to a point. Total vales, -oar value, $6,625,000. Old United States bonds unchanged on call for the week. The clearing-honse statement reported an actual contraction of about $46,500,000 in loans and discounts and a dearease of slightly over $10,000,000 in actual excess reserves, reducing the total excess to $11, 777,100. . CLOSING STOCK QUOTATIONS. Last Sales. High. 300 3V OOO 51 1,000 147 H 60O 27 H 3.2O0 11)9 Rfg 2.200 70T4 ow 1.400 1.000 2,800 5w CORN SRORTS ANXIOUS BUYING SEXDS CHICAGO TOP FOR SEASON. TO Adverse Outlook for Winter Wheat Also Stimulates Market Oats Are at Record. Oil. LINSEED OIL. Raw, barrels. raw, caaea, 92.21; boiled, barrelp, boiled, drums, 92.11; boiled, caaea. TURPENTINE Tanka. 2.4tf: S2.61. COAL OIL, Iron barrels, 14 O 17c cases, 27 & 34c. GASOLINE Iron barrels. 27c; wagons, 27c; cases, 39V.C. FUEL. OIL Bulk. 2.10 per barrel. $2.06 2.0S: 2.23 cases, tank Coffee Futures Lower. NEW TORK, April 10. Them w up cloaely, some of tbem taken by Seattle 1 newed trade selling: today and scatterinc buyers. No change In prices Is anticipated. however, before the middle of the week. There were small arrivals of poultry and dressed meats yesterday and prices wert un chanced. FORMER APPLE PRICES MAINTAINED Moderate Movement In Local Ti-ad Eastern Markets Are Steady. There was only a moderate movement In apples during tbe past week, but stocks were not lares of any grade and former prices were maintained ranging from $125 for cookers up to $4 for the best fruits Land offerings. In tbe e astern- and middle-western mar kets. Northwestern wlnesaps were ste&dy. seillog at 93.5004 a box. Barreled apple eupplies were moderate to liberal and d manri fair. Baldwins A 2tt held at $S0 per barrel. Chicago was 50 cents lower toward the end of the week, coming within the general price range of the other mar kets. In middle-western markets No. 1 Bp-ti Davis were In moderate to good de mand, prices ranging about 2ft cent be low last week at 97.25&S. Minneapolis liquidation in the market for cofee fu tures, accompanied by reports of an easier cost and freight situation and sales ni government coffee In Brazil. The railroad laoor trouDies were aiso an Influence, mey are resiric.ng ousiness in the spot department lor shipment to the lntArinr and after opening at a decline of eteht to nine points active months sold 13 to points net lower, with May touching 14 .3Ro ana uecem-oer iiioc. 'rne close showed a net loss of 17 to 27 points. Closing urns. Aprn, a-s.rftvc, xaay, 14.o3q; July, it ooc ; oepionioer, A-.iic; UCtooer, 14.27c December, 14.24c; January. 14.22c; March, 11.18. Spnt coffee, Aull; Rio 7s, 15c; Santos s, z-tw; ftc Eastern Dairy Produce. in K w luKK, April 10. Butter, strong creamery nigner man extras, 73 V-i p 74c extra, 7i-73c; first. 6571c; packing Eggs, firm; fresh fathered extra firi?ta 4&Vj4ii; auto iirsts. 4ZVfc&44c Cheese irregular; unchanged. CHICAGO, April 10. Butter. lower. Creamery, 47 63c . Eggs, lower. Receipts, 13.654 casea, First, 440Wic; ordinary firsts, 3637c; at mark, case included, 39 40a. Poultry, unchanged. CHICAGO, April 10. Corn overtopped today previous high-price records for tbe season. Anxiety that shorts evinced in regard to railway strike developments appeared to be chiefly responsible. The market closed nervous at bkc to lc net RdvsDCe, with May 91-67 to 91.67 and Jlily 1.C0 to Oats finished c off to lc up with provisions vary ing from 5 cents decline to a rise of '62 cents. The adverse outlook for winter wheat continued to stimulate bullish sentiment. Toward the end of the session something or a reaction set in. Oats also jumped to new high record prices and then underwent more or le& of a setback. Provisions most of the time were firmer. The Chicago market letter received yes terday by Overbeck & Cooke company of fortiana said: Corn The market was again strong throughout the session with the options making new high records. May corn sold at 91.68, July at 11.02 V- However, the close showed only small gains for the day, except May, which closed about cent higher. The bullish conditions stood out strong In the Krain market, the feature being the absence of pressure of cash grains. Predictions by the government of higher prices for bread and hlg-Ji prices for rye make corn values appear less out of line. While many are inclined to hold ff the buying aide at present, however. they admitted they would not be surprised to see it sell higher. Bids for wheat were much higher than Monday's. What little corn la being offered Is not well taken as Industries are unable to make distribution to thetr plants and the outlet for their products has been interfered with to such an extent that many are closing down and not to be reopened until the strike is set tled. The longer the present difficulties ontinue the greater will be the Influence when normal conditions are restored. Oats In view of the persistent rise, we think It will be well not to ignore profits on long contracts. Provisions The strength In grain off set the decline in hogs. A lower ranee of values seems inevitable without the support of a foreign demand. Rye and barley Higher prices were made by rye and barley futures on buying encouraged by strength In the northwest and continued buying of cash rye by ex porters. Shipping sales 01 5000 bushels barley were reported. Leading futures ranged aa follows: CORN. Open. HIeh. Low. dmf May..... fl.7 $1.6M $1.67 $1.67 -H juiy.... i.ou-a i.o4 1.60 Sept 1.564 1.5 1.5-5 OATS. May Mvi .06 44 July S5 .87 .85. MESS PORK. May 86.97 Sfl.SS July 37.30 37.20 LARD. May. . . . 19.60 10.75 lft.60 July.... 20.40 20.55 20.40 SHORT RIBS. May. . . . 19.H0 18.35 18.22 July 18.82 1S.90 18.75 Cash prices were: A-V heat Not auoted. Corn No. 4 mixed. Sl.65: Nv e Vttnw $1.72. uatswo z wnite, 11.0501.06; No. 3 WilllC, .A. V H- A. V H . ye i-o. z ana jno. s, not quoted; No. Barley Not quoted. Timothy seed $Dil2. Clover seed $40(33. Pork Nominal. Lard' S19.10. Rihs-$17.5U'?j' 18.25. i Minneapolis Grain Market. MINNEAPOLIS. April 10. Barley, 11.83 Flax. No. 1, M.7T-g4.82. Grain at Saa Franclsca. SAN "FRANCISCO. April 10. Grain- Wheat. iS.tMZJs per cental; oats, red. -.muto.vj; uaney, leea, SA.XUQfS.10; corn. Hay Fancy, light five-wire bales, txsra 41 per ton; No. 1 wheat or wheat and oat hay, $35 38; No. 2. 3337; choice tame oat hay, $3740; other tame oat hay, $33 WAt; who. oai nay, nominal; Darley hay, nominal; alfalfa hay, $3237; stock hay. i.vw.i wgy mi-Mw, locig'x per Dale. Seattle Feed and Hay. SEATTLE, April 10. City delivery: Feed, mill. 45e4B per ton; scratch feed, $S5; ieea wneat, : ail-grain cnop. ST5: o.r. $72: sprouting oats, $77: rolled oats, $74; whole corn, $75; cracked corn. $78; rolled Dariey, iiu; clipped Dariey. Hay Eastern washing-ton timothy mixed, $42 per ton; double compressed. fin; aiiaua, ..u, straw, rural sound. SAN "FRANCISCU PBODCCK MAKKiT Chicago "Livestock Market. CHICAGO, April 10. Hogs Receipts. C0O0, 10c to 15c lower than yesterday's average. Bulk. $1415; top, $15.25; heavy $13.K5a14.B0; medium, $14.2.i t 15.i5 ; light. $14.50pl5; light light, $13.75U 14.75; heavy packing sows, smooth, $12. 13 : pack ing sows, rough, $1212.50: pigs, H2SH. Cattle Receipts, 1000, firm; beef steers. medium and heavy weight, choice and prime, $13.75015; medium and good, $11.50 113.75; common, $10ia 11.. SO; light weight, good and choice. $12.40(g14.25; common and medium. $0.75'q) 12.40; butcher cattle. heifers. $7.0513.75: cows. $7..VO-J12.15: canners and cutters, M.25(x 7. CO: veal calves, $13(0114. SO; feeder steers, $B11.85; stocker steers, $7.65 1? 11.25. Sheep Receipts. &O00. nominal; lambs. 84 .-pounds down. $1320.75: culls and common, $14.7517.75; ewes, medium. good and choice, $11 15; culls and com mon, e0iu.7O. Omaha Livestock Market, OMAHA. April 10. Hogs Receipts, 3000; sales, 60S'' 7.1c higher. Top, $14; bulk of. sales. $1213.25; heavy, $11,753 13; medium weight, $12.50 13..-.0 ; light weight, $13014; light light, $1313.50; heavy packing sows, smooth, $11.5012; pneking sows, rough, $11 ((I ll.oO; pigs, $12 .a 14. Cattle Receipts, B50; market closed, with packers out of market t'rlday and Saturday and bids compared with week ago, Thursdays price for beer steers and butcher cattle steady. Stockers and feed ers, oO(S 75c lower. Sheep Receipts, 1O0O. Compared with week ago. lambs 50c $! lower. Sheep and feeders about steady. Packers nut oper- ating on last two market days because of limited outlet for packing house prod ucts, due to railroad labor trouble. Kan .as City Livestock Market. KANSAS CITY, April 10. Cattle Re ceipts. I35; market for week to Thursday: Beef steers, 24c lower; butcher cattle gen erally steady; veal calves, 7.1c $1 lover. Sheep Receipts, 2lK0; market Wednes day steady with last weeks close. Since Wednesday receipts have accumulated, with no packer outlet and no quotable market. Seattle Livestock Market. SEATTLE. April 10. Hogs Receipts, 82; market steady. Prime. 16..1017.50; medium to choice, lfl.oviff io.iu ; routn heavies. $14.50 15.15: pigs, $13 414. Cattle Receipts. is; market steaay. Best steers, $11.2551 11.75; medium to choice, $9810.75; common to good, $6.75 40; cows ana nelters. 'J. i o w tu.n; com mon to gooa. fu.tiuwv.M; iiuiis, .ivo.o, calves, $7 15. Naval Stores. SAVANNAH. Ga., April 10. Turpentine. dull. $2.33; sales. April, ; receipts, U2; shipments, 16; stock, 1282. Rosin, aulet: sales, none; receipts, ouo: shipments. 1000; stock, 15.9S0. Quote: B. $16; D, E, 3, tl. 1, (II.h; rv, ii.su; M. 18; N. $19; WO, $19.25; WW, $19.00. Am Beet Sug. Am Can Am Car A Fdy Am HAL ptd A rn l.oco A m Km Am Sural Am Hum 'loo.. ow -i'-Am Tel & Tel 1.400 074 Am Z L & Sra 1.0OO 20 Anaconda Cop 2,biM) 66 Vi Atchison WO 4 A G & W ISS 4.400 176's Baldwin Loco. 30.200 US'-. Bait & Ohio.. 400 34 Beth Steel B. 10.600 101. B & S Copper. . 200 20 Calif Petrol .. 100 40 Canadian Pac 1.OO0 124 Cent Leather. iOO Hi Chi H A 8t P, 800 3S4 Chi & N W . . 200 86 "4 Chi R 1 A Pac 1.400 37 Chlno Copper. 2.4UU 37"j Col F-u & Iron 0i0 41 Corn Products 6.800 102 H Crucible Steel 7.200 2784 Cuba Cane Sug 8. OOO 55 U 8 Fd Prods. 4.1H10 47i Gen Motors .. 400 3S Gt No pfd z.uuu . Gt No Ore ctfs 400 39 Illinois Central 100 92 InlBpir Copper 1.6O0 61 Int M M pfd.. 10.HO0 39 Inter Nickel.. 2.400 24 y, Inter Paper .. 2.4t0 87 S K C Southern 200 174 Kennecott Cop 1.000 33 Mexican Pet.. 6,400 200-ii Miami Copper 200 2.1 S Mid.ale Steel. 3.0lO 40 Missouri Pao. 200 2J1-. N Y Central.. 1.800 74'i N Y N H 4 H 1,400 34 H Norf West. 3oO Northern Pac. 2H0 80 Pan-Am Pet.. 16.400 100 Pennsylvania.. 2,lMK 42 Pitts A W Va, 40 31 14 Ray Con Cop. 200 20. Reading 2.81K) 87 Rep Ir & Steel 20,2u0 115 Shat Aris fop. 400 1 1 Sin Oil & Rig. S.500 44- Southern Pac. 8,2N) lOl Southern Ry.. 200 24H Studebaker Co 24.4O0- J20 Texas Co ... 2.0OO 216 Tobacco Prods 1,400 i4 Union Pacific. . Boo 121 Untd Retl Strs 4,i00 81 U S Ind Alco. 1.8.M1 100 U S Steel 33.O0O 10. "a do pfd 4iM 113 ITtah Copper. 1.0O0 80i Westing F.lect 1.OO0 MH Willys-Overlnd 2,oo National Lead 15.80O 80 Ohio Cits Gas. 1.400 44 Royal Dutch.. 4.000 107 Low. 89- 47 'A 141 23 102 67 H 131 V. 97) tS 18 62 81 160 132 Vi J' 9-4 26 38 122 84 86 85 34 30 39 95 258 r.0 43 303 78 38 90 58 33 V4 51 82 17 314 101 23 46 20 72 82 04 78 104H 41 29 19 "4 hi 103 11 42 98 22 104 202 70 117 77 92 102 112 70'S 52 24 83 43 104 Sale. 92 49 140 20 54 107 68 136 98 96' 18 T, 63 82 171 145 34 100 26 39 123 86 37 83 35 37 40 99 270 53 40 374 78 88 90 &3 37 23 84 1 31 2ot 24 48 27 72 32 V4 9.1 78 10.1 41 30 20 84 114 11 42 99 22 120 800 71 119 79H 00 10.1 112 77 52 24 87 43 106 FREB FROM ALL DOMIXIOJf GOVERNMENT TAXATION. $400,000.00 Edmonton Gold 5 V2 ones X, 192 DENOMINATION! 1000 Dated! October 1, 191 Dues October GENERAL. OBLIGATION BONDS. Redeemable by drawings on Interest dates at par from tax arrear collections which may be used for the sole purpose of redeeming these bonds. Denomination: $1000. Payable in gold coin of the United States at the quarters of Morris Brothers, Inc., or in New York. Semi-annual Interest payable April 1 and October 1. FINANCIAL. STATEMENT, Assessed valuation for taxes $91,945,355 Exemptions not included above.......... 8.S26.450 Value of municipal assets 31.000,000 Total bonded debt 21.2S1.721 LESS: Sinking fund .. $1,731,811 Water bonds 1,833.126 Electric light bonds........ S52.604 Electric power bonds 2,029.271 Street railway bonds 3,063.586 Telephone bonds 1.907,319 11.417.717 I - . ill' inirHl ni Net debenture debt - $ 9,864,004 Revenue from above public utilities above cost of operation 767,773 Net local improvement debt 3,046,763 - Area 27,200 acres. Population, officially estimated 0.000. EDMONTON1 Is the capital of the Province of Alberta, Canada, and Is sei-se-d tht-ea trans-continental railroaas .the Canadian Pacific. Grand Trunk. Pacific and Canadian Northern as well as several branch-line roads. The city has a population of over 60,000 people and i situated in the heart of a very prosperous and productive territory. It has an abundance of good coal, which provides cheap fuel for the city's growing and flourish ins industrial plants. There are over 100 wholesale houses in Edmonton, which indicates) the importance of the citv as a trading and commercial center. -- These bonds offer Investors the opportunity of obtaining GENERAL, OBLIGATION ' GOLD BONDS at a price which earns 7zi per cent upon your invested capital. It is safe to say that when our supply of these bonds is exhausted investors will never again be able to procure such desirable securities so advantageously. PRICE: S6.S8, to Yield 7y2 BURGLAR AND FIRE-PROOF SAFE DEPOSIT BOXES FOR RENT MORRIS BROTHERS, Inc. THE PREMIER ML NIC IP AX. BOND HOUSE CAPITAL. ONE MILLION DOLLARS MORRIS BUILDING 309-311 " STARK. STREET BETWEEN FIFTH AND SIXTH Telephone Broadway 215L. Established Over a Quarter Centwy. 8. 802. 000 .(6,007.872,000 . BONDS. U S Lib 3s. do lft 4.. do 2d 4s . . do 1st 4 Vis. do 2d 4s. do 3d 4s. do 4th 4s. Victory 3s. . do 4s U S 2s reg. . do coupon U S 4s reg. . do coupon Pan 3 reft. . . do coupon. .96.961 Anglo-Fr 5s ..98 9-18 .91.441 A T & T cv 6s. 95 .88.80 Atch gen 4s ... 7.1 , .iti.lrt'D & R O con 4s.'rt2 . .H8.90jN Y C deb 6s.. 88 ,.2.10!n P 4s 72 KM OQiN P 3 52 ..97. 52! Pac TAT 5s.. H5 ..97.58iPa con 4s...87 .101IS P cv 5s 100 .101 So Ry 6s -8S .10 L" P 4s 70 .-loRU S Steel Cs 95 ..86 .."86 i '"Bid. New York Sugar Market. NEW TORK, April 10. Raw sugar. strong. Centrirugal, l7.o; line granu lated, 15.0(g'l., nominal. Drietl Fruit at New Tork. NEW TORK, April 10. Evaporated ap ples, dalL Prunes, small, weak. Peaches, dull. Cotton Market. NEW TORK. April 10. Spot cotton steady. Middling, 43c Mining Stocks at Boston. BOSTON. April 10. Closing quotations Allouez 84 Ariz Com 13 Calu & Aris.... 65 Calu & Hecla. .350 Centennial ....15 Cop Range .... 45 East Rulte .... 15 Franklin 4 4 Isle Royalle ... 34 Lake Copper... 4 Mohawk 67 North Butte Old Dom Osceola ...... juin-y Huperlor Sup & Boston. Khannon ..... Utab Con .... Wolverine .... Greene Can . . . 19 33 46 68 6 5 1 8 19 35 i FRUIT GROWERS COMBINE .96 .80 88.85 37.20 10.70 20.47 18.30 18.77 YVEXATCHEE TRAFFIC ASSpCI A- TIOX IS FORMED. Crop of 192 0 Estimated at 15,000 Carloads and Many Refrigerator Cars Will Be Needed. WENATCHEE,' Wash., April 10. (Special.) While fruit growers, ship- ne.rs and business men of north cen tral Washington are confident that the Wenatchee Southern railroad will be built up the Columbia river from Pasco to Wenatchee, they realize mat this could not be accomplished within two or three years, even if funtts were now available. In order to protect the fruit crop of the district while the road is being financed and built, they today ef fected an amalgamation of all organ izations Interested in growing, han dling, marketing and shipping of fruit in this district, to be Known as the Wenatchee District Growers and Shippers Traffic association. A fund of $40,000 has been provided to pay exnenses this year. The purpose of this association is to secure sufficient refrigerator cars in which to ship the fruit crop or tne district for 1920, estimated at 16,oju cartoada. and to see that these) cars are properly distributed to the various shiDDing points at the proper time. and to secure prompt ana rapid for warding of the loaded cars. Money, Exchange, "Etc NEW TORK, April 10. Mercantile pa ner. B1(ai7 per cent. Exchange heavy. Sterling BO-day bills, S3.9S: commercial 60-day bills on banks, $3.93; commercial 0-day , bills, 3.93; demand. J3.97; cables, $3.98. Francs demand, 10.17; cables, 16.15. Belgian francs, demand, 15.12; cables, 15.10. Guild ers. demand. 37; cabi-es. 37. Lire, de mand. 24.97; cables, 24.95. Marks, demand. 1.82; cables, 1.83. Foreign exchange rates weakened further In the late dealings. Sterling 00-day bills, $3.92'14; commercial 00-day bills on banks. t3.2S; commercial 60-day bills, 13.92. Francs, demand. 16 37; cables, fid 35. Belgian francs, de mand. 15.22; cables. 16.20. ' Government bonds -weak; railroad bonds heavy. Bar sliver, $1.20; Mexican dollars 91c LONDON, April 10. Bar silver, 60 d per ounce. Money, 3 per cent. Discount rates Short, 6 per ce three months, 64-3 5"!i per cent. REDUCTION IN" BILLS ON BAND Deer ease Reported for Week Is Nearly Thirty-five Millions. WASHINGTON, April 10. Resources and liabilities of federal reserve banks at the close of business April 8 was reported to night as follows: Resource Gold and gold certificates $ 183.117,000 r:i il nert.tlemernt tuna, federal ' reserve Doara iw-.T-'.wo 112.7S1.O00 91.100.000 120.120.000 8.7 . 7.0OU LM0.960.000 757.412.000 100.605.000 $2,535,754,000 3.O30.117.O00 190.1.V7.O0O &O.404.OO0 AH other reeoureea. Total resources . . Liabilities Capital paid la.... surplus Government deposits Due to members, reserve ac Deferred availability items... Other deposits, including for- vign governanant crecuis. . Total gross deposits. . . . Federal reserve notes in ac tual circulation Fed. res. bank notes m circu lation net liability All other liabilities Total liabilities $6,007,872,000 Ratio of total reserves to net deposits and federal reserve note liabilities com bined, 43.3 per cent. Ratio of gold reserve to federal reserve notes In circulation after setting aside Z. per "cent against net deposit uaoiiities. a per cent. LRGE BOND ISSUES ARE PROJECTED Proposals Cause Weakness In Existing Securities. NEW TORK. Aprit 10. Active trading in the stock market this week at Irregular advances for almost all but the rails again derived Its chief support Irom the op erations of pools,, cliques and other pro fessional sources. There were Intervals wnen tne niamn presented a two-sided aspect as a resuu of technical conditions and latterly be cause of the coast-to-coaat railroad strike. The money market was a strong propelling fnna. call loans running at o per until late yesterday when belated borrow ings forced the price to iu per cem- the surface, rigid time altered, but the market to the extent that loans were negotiated. in.n ,n (.nmnrRtlmil are ... o.ictanne following the lead of the Pennsylvania railway, whose $50.- 000.000 7 per cent Dona itu -.- subscribed. It is understood mat oiner railroads and some oi tns uio''" nnle may soon perfect underwriting! approximating $250,000,000. ,-... The outcome ot tnese v" J 1 - , foreshadowed in the depreciation of -ing bonds, some of which receded harp) during the week with lioerty foreign war notations -------- in international credits Interesting de velopments included further large gold lm e'.? irtn heavier exports of metal to South America and another sharp . l. i .rn exchange, with acute depression both falling from here, exposed interesting evi dences of a remote period in the earth's past In the shape of fUh skeletons. Imbedded in the rock. , In the soft, chalky formation some of the specimens have remained remark ably well preserved through the centuries. Read The Oreeronlan classified ads. LIBERTY and VICTORY BONDS sell to us. If yon can buy If yon must sell your Liberty or Victory bonds, more Liberty or V Ictory bonds, buy irom us. On Saturday. April 10. 1920. the closing New Tork market prices were as given below. They are the governing prices for Liberty and Victory bonds all over the world, and the highest. We advertise these prices dally in order that you may al ways uow Mia " x uriv uu i - - . . -. .-., - ii o n ds : Market. . Interest. 1st 8s $96.94 1.12 1st 4s $91. UO 1.29 2d 4s $88.70 1.62 1st 4s $91.10 1.37 2d 48 $88.86 1.72 3d 4s $92. 06 .80 4th 4s $88.90 2.07 V 1 c t o r r 3 4s $97.50 $07.48 1.21 1.53 92.47 $90.53 $92.36 $90.97 $98.71 $99.01 on a $S0 bond and $2.50 on a $1000 bond. Total.. $98.06 $92.29 $90.32 When buvlnc we deduct 3' sell at the New York market, plus the accrued Interest. Burglar and Fireproof Safe Deposit Boxes for Bent Open luul 8 P. M. on Saturdays. MORRIS BROTHERS, Inc. Tbe Premier Munlrlrml Bond House Canital One Million Dollars. Morris Building. 309-311 Stark St.. Between 5th and fitta Telephone Broadway 2151. K.tblihed Over a Quarter Onto 1-T On rates were un actually yielded for short termd making in Frencn ana iw." to new low recorus. Swtft ft Co. Stocks. Closing price, of Swift A stocks at Chicago were reported by Overoeca Cooke company of Portland a. follows: ESS. McNeiif wbbV 15 National Leather Swift international Decrease In Excess Reserve. Nrn TORK April 10. The actual con dlUon of clearlngP house bank- and trusi companies for the week shows that thej hold $11,777,100 reserve In excess of legal requirement This Is a decrease of $10. 042,000 from last week. Flsli Skeletons Found In Rock. KLAMATH FALLS, April 10. (Spe ciaD A railway grading crew mak r - .,f me the Strahorn railroad "f . r,r "Hlldebrand. 30 miles exieuaiuii Oold with foreign agencies. Totsl gold held by banks. Gold with fed. res. agents. . Gold redemption fund Total rold teserves Legal tender notes, silver, eto. il29.816.000 .$ 604.022,000 . 1,173.125,000 119.743.000 . .$1,957,490,000 Prices Current on Vegetables, Fresh Fruits, , F.t.. at Bay City. SAN FRANCISCO, April 10. Buttei 'Xxtra good. 00c: nrlme. firsts. 00.V Begs Fresh extras, 43c; firsts. S9c; extra pullets, "4c; anaersized, 33c. Tbe Dalles Cleans Tp. THE DALLX23. Or., April 10. (Spe cial. Boy Scouts and public-spirited citizens today cleaned up the streets and alleys. City trucks collected the refuse as soon as it was piled by the scouts and citizens. The city council has now Issued orders to keep the city clean and has signified Its intention of prosecuting those who violate the law against dumping trash in alloys and streets. Total reserves $2,087,306,000 Bills discounted secured by govt, war oDiigationa i.4io.o,non All other 057.409.0on Bills bought in open market.. 422.241.000 Totsl bills on hand $2.789. 77T.0OO TJ. S. government bonds 20.708, OOO U. S. victory notes 68.000 U. S. certificates of indebted ness 3S9.819.000 Total earning assets. ., Bank premises Uncolloctea items ana deductions from grog posits Five per cent redemption fund a rn rn pt Ten, res, panic notes $3,156. R4. OOO 12.1O4.0O0 othetr s de- 783.615.000 1S.4S1.O00 OVERBECK & COOKE CO. Brokers. Storks. Bonds, Cettsa, Grain. Els. tl-tl7 BOARD OF TRADE ILDO. UEMBEBS CHICAGO BOAKO Ot TKADK . MEMBERS Correspondents of Logan 4k Bryan. Chicago and New York. New Tork Stock Exchange. Chicago Stock Eicbanga Boston Stock Exchange. Chicago Board of Trad. New York Cotton Exchange, New Orleans Cotton Bxcbangsw New York Coffee Exchange. New York Produce Exchange. Liverpool Cotton Association. 7k Greater WinmnA-ff I Water District Gold Bonds to yield 5's at 94.90 Due July 1, 1922 Payable in U. S. Dollars General Tax Obligation Ask for details. Wire orders "collect-' eSTSWMTMS SAMS llN Freeman Smith & Camp Co. 14 A High Grade Investment An Invitation to Join in the Upbuilding of a Large, Safe, Profit able Enterprise, Expected to Pay 50 or More Yearly We own and are operating a large salmon, clam, beef, -veg-etabls and fruit cannery. We expect to pack within the next 12 months ' 25.000 cases of salmon alone, and from 15,000 to 25,000 cases of other products. At present it costs us J4.60 to pack and deliver a ease of "red" salmon. The market price just now is $8.20. Last fall It was $13.50. On salmon alone we ought to clear $76,000. We own and are operating a general store and hotel, where there is no competition, that ought to clear us $8000 to $10,000. We are building a new power boat to operate between Hoqulam and the Queets. where our cannery, hotel, store, etc., are located, and where we cater to about 200 white settlers, a large number of Indians, other canneries, sawmill, etc. The new boat carries 65 tons of freight and will make the run In less than eight hours. The freight rate Is $15 a ton. We expect this boat to clear us $26,000 or more every year. At the cannery site we own 53 acres of rich land. Everything is paid for except 'the new boat. We are offering a part of our stock just now at only 10c a share to raise the boat money. Our capital stock is only $100,000, fully paid and non-assessable. If you will investigate this you will agree with us that 60 a year In dividends is a low estimate and that the- Investment is absolutely safe. It la very seldom that the general public are) ever offered an opportunity to join an organization like this. Any sum from $26 may be invested. Send for our circular today. We refer to any bank or business house here or to the Com mercial Club. QUEETS TRADING CO., Hoquiam, Wash. German Bonds! On account of the enormous demand for these securities, an acute shortage may be expected In the near future. Some of the best issues have already been completely bought up, and it to only reasonable to ex pect that other issues will soon be exhausted. As a resuU of this scarcity, the Bonds have experienced a sharp advance on the Berlin exchange. Furthermore, the steady advance of the mark in New Tork makes it highlv profitable to buy these Bonds NOW! For Immediate subscription we offer per Mk. 1000 Bond: City of Munich 5 $32.50 City of Frankfurt-. ...4 32.00 City of Hanover 4 27.50 City of Cologne 4 31.50 State of Hamburg. 4 27.50 For Immediate Delivery, GREATER BERLIN . $30. Quotations subject to change. Interims Issued now. Bonds delivered on receipt from Germany. Pre-war value of Bonds $237.60. Interest pay able semi-annually. Coupons may be cashed at our office at the current rate of exchange. Write for particulars and further quotations. Transatlantic Estates & Credit Co., Inc. 222 Chamber of Commerce BIdg. Mar. 205. German Government. . S Prussian Mortgage.. . .4 5i Prussian Bondbank. . .4 Badische Anilln 4 Benz & Co., Mannheim. 6 $25.00 28.00 28.00 31.50 80.50 HERRIN & RHODES, Inc. Portland Seattle Tacoma BROKERS Direct Private Wires to All 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 K. P. EFFINGER, Manager PORTLAND, OREGON PAYMENTS monthly buys outright any stock or bond. Punhasmr ftcurrs ill rtvtJvxii Oddofs tursptrrafty Writ forstrcftd list and full particulars - FREE.. CHARLES E. VAN RIPER Urmrm CiOlKiotd SloeK le!-9 SO ltOt) ST. WCV VO1i , STOCKS GRAIN COTTON (Storks Listed "New York Stock Exchange) Reduced Commissions Small Deposits Chas. R. Mrf-ain Broke-rag. Co DENVER, OIX. ALLEN BROS. CO 13 Chamber -at Commem Portland C-orrApon-deikta I' bone ftlL-l-S. V