THE SUNDAY ; OREGOXIAK, rORTIiAND, 31 AY 16, 1920
23.
1
t
t
POTATO SHIPMENTS
1 UNDER WAY
California Demand Revives
and Stocks Clean Up.
PRICES HERE NO BETTER
Otdi Oregons Quoted at $6 to $7
by Jobbers Xew Stock Is
Gradually Cheapening.
The movement of old potatoes to the
t - south has been larger in the last few- days.
r.'"A number of cars have been shipped from
this city and others that were put into
-''-storage were ordered shipped. The clean-
trig up of stocks in California caused the
",' improvement in the demand, but it has
, not helped prices here, and buyers are not
disposed to pay over 35.50 to growers.
Farmers continue to offer small lots, but
there are few buyers, aside from the ship
pers. In the- Jobbing market Oregon potatoes
are offered at 56(5)7, according to size and
Quality, and TaJcimaa at $7. 50 ft 8. New
potatoes are more plentiful and lower at
10 11 centa.
- The eastern markets for old potatoes
continue firm. The demand at Minnesota
shipping points was limited, but prices are
alightly above last week's range at $7
7.30. Middle western consuming markets
prices showed little change at $7 7.50.
Carlots sacked and bulk were firm in
Chicago, advancing 35 to 45 cents to a
close of $7.3557.50. New Tork round
. whites were steady in eastern markets,
$.78.50. The same stock in bulk sold
. eaHy in Philadelphia at $7.507.75, but
weakened to a close of $tt.757. Maine
irecn Mountains were firm at shipping
points, closing at $6.356.58 bulk. -"Sacked
stock in eastern markets held at $6.00 8,
-Now York ranging $7.554p7.85; Phi lade 1
phia and Boston lower at G.75 07.25. Cin
cinnati Green Mountains sold $7.25 7.40
bulk.
Kaulings of Spaulding Rose were lightat
Hastings, Pla. There were a few early
sales at $15, but prices generally ranged
$13114. Tbe same stock was tlS'fVM at
Mew Tork and Pittsburg and 1713 in
Baltimore and Philadelphia.
The decrease in shipments of old stock
" was nearly balanced by the increase in
shipments of new stock. Shipments of old
potatoes were 918 cars compared with 1178
last week and 1704 during the same week
last year. Shipments .of new potatoes.
SOS cars, compared with 85 last week and
, 400 during the same week last year.
All CLASSES OF MILL FEED STRONG
Rolled Oats and Barley. Scratch Feed and
Millrun Higher.
! ; f flll feed of Nill descriptions is steadily
advancing In price. Mill run is now
qooted at 5455. with very little avall-
able. Rolled oats and rolled barley have
i gone up a dollar with the coarse grain
, . market, and scratch feed is quoted $3
tygher than it was.
I -No trading was reported In field grains
i T yesterday. White oats ranged from 50
; cents lower to 50 cents higher than Fri-
1 day. Bids for corn and barley on the
local board were unchanged.
Broomhall cabled from Liverpool :
, f "There is a less firm feeling In the corn
market In the United Kingdom owing to
the expected liberal arrivals of Plate in a
v' 'fbort time. Shipments from Argentine
will continue good from now on. Ameri
can buyers show more .interest and fair
purchases have been made by exporters
- with united States connections. Oats con
tinue firm and prices for parcels of Argen-
tina sorts hold very firm at higher levels.
i,. . New york advices say that Calcutta
. burlap market has weakened owing to
the reflection of panic conditions in Japan.
Many commitments had been made by
Japanese traders and they were unloading
and liquidating when they could. From
time to time irregular lots of both bags
--and- burlaps are offered for resale there
and in other markets, and for the time
' being an unsettled condition exists.
( . . Terminal receipts, in cars were reported
1 by the Merchants Kxchange as follows:
Wheat, Barley. Fir. Oats. Hay.
Tort.aird. Sal 10 .... 12 io
Year afro 0 1!4 'J 16
Season to date. .MOfi 17.1 37S4 475 2127
Var aco 1W2 1069 2395 74 3114
Total this week. J.H l fl n 33
Y.ix Ago SS 22 67 32 2
-Tacoma, Fri . . . . IS .... 7 ... 2
Year hco 5 1 .... - 3 I
jJiraon U dat..K79S 94 3096 176 S29
Year ago 531K 42 .... 187 1212
" Sat tie, Kri $ .... 4 3
Year aso 7
Season to date. .firt"5 214 1117 643 1 1S5
Year aso 53l0 88 1269 573 2549
LAEGE MOHAIB POOL. IS FORMED
About 20,000 Pound Vill Be Sold at Edd
Tille Wednesday.
TOLFTDO. Or., May 15. (Special.) The
Eddy villa mohair pool, consisting of 20,
00O to 25,000 pounds of mohair, will be
, offered for sale at public auction at kiddy
ville, in Lincoln county, next Wednesday
at 3 P. M. The hair is of splendid quality
J. long, dry and free from hurra. For the
fr 1, past 10 or 15 ycara it has been the custom
of the county growers tb pool their clips
lor public auction.
- :- - The pool list year was made up of hair
from 63 goat farms, with approximately
15.000 pounds, and was sold to Walter
Kline of Corvallis for 62 cents a pound.
,i,0 practically all the mohair growers of the
county are selling with the pool this year,
- with the result that it will be the largest
amount assembled at Kddyville in ten
years.
Cline Bros, of Kddjvllle are the lagest
gruwers, offering 3000 pounds. Other large
growers areRoscoe Bros., 900 pounds;
Jvicthly & Schoenhcit, 900 pounds; Nash
Bros., 1000 pounds; Charles lladdick, S0O
pounds; W. A. Taylor, 1200 pounds; V.
Jb "Wakefield. 800 pounds. The pool of
fered Wednesday includes the entire clip
of 75 growers from the counties of Lin
coln. Benton. Tillamook and Lane The
. Mohair association has announced an in
crease in the number of goats and in the
mi.n of the clip of the established goat
farm and also a great increase in the
number of new farms established during
the year.
APPLES S-ELL STEADY AT OLD PRICE
Competition of Summer 1'ruits Has Little
-'"- Effect Yet.
There is a fairly good movement io the
local applu market, notwithstanding tle
larger supply of other fruits. Apple prices
remain at the previous level, although the
Quality in deteriorating. The market
ranges from $2.25 for ordinary Homes
to $3.50 for the best Red Cheeks and
lor large extra fancy Wtnesaps. Stocks
arc becoming closely cleaned up here
Ifctte remains in the country.
, Northwestern boxed apples are holding
" steady in the eastern markets. During
. , . . the week extra fancy Winesaps sold
SXfrO'a 4.25 at Chicago, faLnnsa-s City
Minneapolis. The Cleveland market
ittood
at I4'a4.50, New York at $4.505, Pitts
burgh at $4 & 4.75, Baltimore at S4.25&
4.75 and Philadelphia at S i. 75 $f 5. 25. Tbe
s.. range on barreled apples was S7.50&8 for
' Ben Davis in tbe middle wcstein market to
til 12 for Baldwins at Pittsburgh
Philadelphia. "
Shipments are decreasing. The move
ment of boxed apples was 235 cars, against
16S in the previous week and 20 cars
- the same week last year. ' Barreled app)
"ITZjir ftbpmc0 were 49 cars, aga mat v5
Ja-rt wek and 104 in tto corresponding
week of 1919. r
STRAWBERRY SHIPMENT ARRIVES
Order Booked Are Filled at Friday's Price.
Cuban Pineapples Comlnff.,
A car of strawberries arrived yesterday,
but- tbe train did not ret in until 6 P. M.
A- number at orders wer booked at 44&
4.25 and these were filled. The, remainder
of tba shipment had to be carried over
until Monday. A crata of White Salmon
berries arrived and a fair movement of
Oregon fruit is expected in the coming
week.
A car of Cuban pineapples is in transit
and will arrive the latter part of the
week. They will probably sell at f lO per
case. For many years this coast has de
pended entirely on Hawaii for its pine
apple supply.
CUBE BUTTER CLEANS
tP WEIX
Are TTakea
Receipts Are Larger, but
Car Of.
Cube butter receipts were liberal, but
the demand was good and the offerings
were readily absorbed. Shippings orders
were reported filled at SO cents and the
local trade paid 49 cents. There was a
steady movement of prints.
Eggs coming on tbe market yesterday
were taken at prices ranging up to 41 'i
cents, but no bide over 40 cents have been
made for Monday's- -receipts. Jobbing
prices were not changed.
Arrivals of poultryand dressed meats
were small and sold atFriday's prices.
Banlf Clearings.
Bank clearings of V. the Northwestern
cities yesterday were as follows:
ciearinss. Balances.
Portland $4.S0.076 S 719. 9t
Seattle 7.724.571 1.15S.049
Tacoma 814.529 187.316
Spokane 2.2otf.503 S50.093
Clearings of Portland, beatile and Ta
coma for the past week and correspond
ing week in former years were:
Portland Seattle. Tacoma.
1920. . . .$:i7. 528.228 $40,848,394 $6,929.0
1919 .'I1.6S9.929
1918 21,717,100
1917 18.245,497
1916 10.0!l7,09O
:;8,029.hS. 4.60,100
37,400,677
21,539.404
14.258,61
11.943.227
12, 009, 3 KS
12,628,076
1 1.338.837
10,346.824
5,117,391
3.067.246
2,342, S68
1,770,041
2,173.661
2.697,623
4.0O4.ft:i:t
3.997.U33
1915- 10.Oil.29
1914 31,810.6i2
1013 11,097,730
1912 9.831. 306
1911 8,786.127
Dairy Exchange te Be Formed.
Steps are being taken to organize a dairy
protruce exchange in this city and the mat
ter will be considered at a meeting to be
held at the Chamber of Commerce at noon
tomorrow The trade feels the need of
such an exchange here. It felt the need
before and twice formed such an ex
change, but both times the organization
fell through from lack of supaort or lack
of harmony. '
Provision Prices Advance.
Advances of 1 cent in all sizes of hams,
standard bacon and lard will .become ef
fective Monday morning. A leading east
ern brand of shortening was advanced
half a cent yesterday, following a similar
rise a week ago.
PORTLAND MARKET QUOTATIONS
Grain. Flour. Feed. Etc.
Merchaats' Kxchange. noon session:
Bid
Oats May. June. July.
No. 3 white feed $69.50 $69.00 $69.00
Barlev
No. 3 blue 66.50
Standard teed 66.00
66.50 5.00
66.00 64.30
Corn-
1 No. 3 yellow . . .
' Eastern .rain
73.00
bulk
72.00 . 72.00
73.00 72.00
Corn, No. 3 yellow... 76.00
v 1 1 c .1 i ugveiumcai uaaia, . u jaer
hnah.l
FLOUR Family patents, $13.75: bakers
hard wheat, $13.75: best bakers' patents.
$13.75: pastry flour, $11.80; graham.
$11.60: whole wheat, $11. 8a.
MILLFEED Prices f. o. b. mill: Mill
run, $5455 per torv rolled barley, $72'
73; rolled oats, $7374; scratcn leea,
$'J192.
CORN Whole. 7879; cracked. $80
81 per ton.
HAY Buying1 price, f. o. b. Portland:
Alfalfa, $37; cheat, $23; valley timothy.
$31.
Dairy and Country Produce.
abl lBilt .UDeo, extras, mjvi. i
j. . . . , , .-
r r.- ,,H- ..artnna .".5c- half
boxes. c more; less than half boxes,
lc more; butterfat. No. 1, 5152c per
pound at stations: Portland delivery, 53c.
BijOlS, - ,Buying price, current receipts.
39'l40c. .lobbing prices to reLaiiera
Candled. 42c: select. 44c.
CHEESE Tillamook, f. o. b. Tillamook:
Triplets, 32c; Young America. AAc; long
horns. 33c Coos and Curry, f. o. b
Myrtle Point: Triplets, 31c; Young Amer
Ira. Sf'lC Der POUnd.
POULTRY Hens. 3234c; broilers, 35
(S40c; ducks, 45c; geese, nominal; tur
keys, nominal.
VEAL Fancy, 21c per pouna.
PORK Fancy. 22c per pound.
Fruits and "Vegetables.
FRITITS Oransres. $57.7o:
3.25fi6.50 per box; grapetruit, ?d.uu'tf b.wu
nor box: bananas, lUtmic per pouna, up-
pies, t2.25'&'4 per box; strawberries, S4 &
VEOKTABLKS Cabbage. tic- per
mnd: lettuce. S3v3.75 per crate; cucum -
.. . . . .
bers. S1St3 per dozen; carrots, $4 per sack;
horseradish, 25c per pound: garlic, 500c
per pound; rhubarb, 34v per pound; peas,
10C per pouna; asparagus. x..uw-
doaen.
POTATOES Ore eons. 5()'it( per srck
laKimas. i.ouo, ww vuaui u. a.. V7a w
11c per pound; sweet, 12c per pound.
ONIONS xeiiow bermuaas, per
crate: white. S3.2o33.oO per .crate; aus
tralian brown, $7.50 per sack,
Staple Groceries.
Loeul Jobbinr Quotations:
SUGAR Sack basis: Cane rranuiatea,
24c per pound; extra C, 23.85c; golden
C, 23c; yellow L. 23.bc; cunes, in par
rels. 25.10c.
NUTS -walnuts, 2638c; Brazil nuts,
oc ; filberts, 00c ; almonds, obvoS'c
peanuts. lU16sc: cocoanuts, $2 per
dozen.
SALT Half ground, 100s. 1L25 per
ton; 50s. ib.75 per ton; dairy. f2.7a per
ton.
RICE Blue Rose. 15ic per pound.
BKANS amall white, 7c; large white,
Vu: Pink. loc; lima. 13c per pound;
bayous, Uc; Mexican rods 10c pet
pound.
COFFEE Roasted, In drums, 3U(ffavc;
per pouna.
ProTiMMna
Local jobbing quotations:
HAMS All 40(5 44c; skinned,
6x45c; picnic. 2tic; cot ta ire, 3 Sc.
LARD Tierce basis, 2c; com pouna,
per pound.
DRY SALT Short, clear bacKs. oec
Dcr nound: nlates. 2iic.
BACON Fancy, 4b&dtic; scanuara, do
4 tic per pound.
Hides and Pelts.
HIDES bait hides, under 45 lbs.. 22c;
green hides, under 4o lbs., -Oc; sait nicies,
over 4. lbs.. 18c: green bides, over 4o lbs.
lbc; green or salt calf, to io lbs., 9vc;
green or salt kip, 15 to 30 lbs., 2ttc; salt
bulls, 14c; green bulls, 12c; dry hides, 30c;
dry salt hides, 24c; dry call under t is.
"c ; salt borse, large, 9
salf horse, me
PJSLTs Dry pclts, fine long wool, 3.2c;
dry pelts, medium long ool, 30c;
Dclts. coarse, long wool, -'-c; salt pelts.
long wool, April take-oit, i to .
Hops, Wool. tc
140IS lOia croo. tl ner nound: 19:
contract;
average.
7oc; three-year contracts.
MOHAIR Long staple, new clip, 450
per pound.
TALLOW NO. 1, 11W12C; JNO. X.
up
oer bound.
Si
CAiCARA BARK Per pound, old peel,
11 c; new peel, lOo per pound.
ami
. WOOL Eastern Oregon, 40 60c; valley,
medium. 3-c per pound.
ORA1N BAGS' Car lots, 21 $ 21 coast.
at
and
UNSEED OIL Raw. barrels. l.8:
raw.
druinfc. S2.0j: raw. caes. S.13: tooiled. bar
reU. 2 boiled, drums. f2.U7; boiled, casaa. t serious shortage of cars and rarw materials
til 5.
TURPENTINE Tanks, :.46; eases.
CO At. OIL. Iron barrels. 14 14
GASOLINE Iron barrels. 27c; tank
war -
and
on. Jic; cases, 39fcc.
KLEL Oil. Bulk. 2.10 per barrel.
w York Susar Market.
ia
. NEW TORK. May lo. Raw ausar,
strong. CentiirueaJ. line granulated, I paper, is contemplated
cars
STOCK MARKET STRONGER
OVER EXTENDED SHORT POSI
TION IS EVIDENT.
Reports of Further Gold Imports
Exert Favorable Influence on
Trading; Dealings Small.
."EW TORK. May 15. Although an-1
thorities continued to emphasize the fur-
r nnr micimnarv fruifi .r tna Tiiunrju i
and commercial market tortav short ses-
'
to have furnished additional evidence of
- - - - - -- I
umental xactor in the moderate recovery 1
, . -i.-.-. tl
" -.--"-- "
imports irom lodood are unpenning. a-
though confirmation of such a movement I
was not obtainable in well-informed quar-
ters. ' I
Dealings fell to the smallest volume of 1
any week-end so far this year. The tone
was iirm to strong. bales were u.wuv
shares. 1
The clearing house statement. Issued I
alter too close 01 the maraet, was m 1
reverse of most forecasts. Heavy trans-
fers by local banks to meet federal in-I National Leather ....'.'.'.'.'.1 11 it
terest payments and withdrawals by in- 1 Swift International t ' t '. " l " 36
tenor mstitutions lor crop-moving pun- 1
poses caused only a relative ly small in- I
- . JS t I
crcsu!. 01 actual loans ana uttrouui-.
stead of a deficit in reserves, that item I
showed a gain of considerably more tban
1.000,000. I
Trading in bonds was fairly large, again
concentratlrtg in liberty and victory .issues I
at further price impairment. Total sales.
par value. $6,750,000. For tne week 01a
United States 2s and 5s each declined -
per cent on call with a drop of 2 per
cent for Panama 2a
f!LOSITCC STOCK QUOTATIONS.
Last
Sales. High. Low. tale.
1 r.iin 41 39. :t94
Am Can
Am Car & Kdy
Am H & L ptd
Am Loco
Am Sm & Rfg
Am Sugar Rfg
Am .Sum Tob.
Am Tel & Tel
5UO 132 131 'a lulMs
5U0 94 1 94 94
Win 94 93 i 94
SKO 60 61 60 V4
IOO 129. 12914 129'4
1,000 SSi S7 S8
1,300 94 4, 93 'i 94 5i
Am 2 L &, Sm 4.4U0
Anaconda C'oD 1.U0O
14 v
5614
14.
56
16S
11"4
32 V
91 y,
22 i
30
115
69 t
34
31 v4
93
13S
51
60
11
141
27 '4
73
35
521
83 4
lS'i
72
16
26
181
i4v l
56 I
A O & VV 1 a fc :i,yuu 1 1 L
Baldwin Loco. 15,300 118
Bait & Ohio. . 1.200 33
Beth Steel B. S.200 92
B & S Copper 10O 22
Calif Petrol . . 200 31
Canadian Pac. 300 115 "4
Central Leath 1,000 69
Chi M &. St P 200
Chi R I & Pac 3,400 3ol.si,
Chino Copper. 600 31 7A
Corn Products. 4,000 94 '4
Crucible Steel. 1,700 140
Cuba Can Sug 700 51 "4
U S Food. Prod 600 02 Vs
Krie 000 12
Gen Electric. 4l0 141
Uen Motors .. 13.SOO j'SH
it North pf d . IOO 7o -s
Ut N Ore ctfs 1,400 35
Inspir Copper 300 52 '4
Int. M M pfd. 1.9UO 8414
Int Nickel ... 700 1jb
Int Paper 900 ''
Kan City So.. 100. 16
Kennecott Cop BOO -b :
1 1: I
1? I
I
Jr.at I
--4 I
.115
6- C
33
34
31 7k
94
138
51
61
11
141
28
73
35
52
84
18
72
16
263
182
Mex .Petrol...
Midvale Steel.
4.100 1S4
1.100 43"4
l.lOO 251
500 , 13 '4
10O 6S v,
1,21)0 SUts
10O 91
43
24
12
68
2S
91
73
103
39
30
C7
17
85
93
34
94
22
71
4S
116
70
84
94
106
67
84
43 '4
4 5fa
Miss Pacific. -
13
V.vada Cod...
N Y Central.
68
28
I v V v H & H
91
Norf & v eat
1 TJnr-lfic
:oo 7is
73
p-Am Petrol.. 15.200 103Vi
C.uKania 1.S00 40
1"
40
Pitts & W Va. 20O 30
30
Pitts Coal . . .
Ray Con Cop
500
400
8.800
4,9'iO
5,900
3.90O
- 51
1754
80:)
94 i
35 54
95
22
72W
17
ooyn
i . " , ' ' .. c
.'-7s
I "I' "". VS.
' 1 :V.
sm Oil & Kts
So Pacific ...
So Railway
700
-J'-lk
ur,rihalc Corn 11.800
1 I VS
Texas Co 6,400
49 4
48
Union Pacific. 1.0 1161
116"4
71
Ltd Rtl fctores iiv"
87
94
1116
TT 5 Steel pfdl 200 106
Utah Copper..
"West SUnion . .
West Electric.
Willys-Ovid ..
National Lead
1,000
J 00
1110
4.S0O
l.lOO
L1"0
84 i
7!)
4V-
84
47
47
17
18
40
119
Ohio CIS uaa..
R Dutch N X
1.9WO 119
119
BONDS.
i T -v. i '
IT, SLib3sS.
Qfl ftOI Panama 3s cou.78
do 1 St 4S...
84.60 Anglo Frencn as van
111, 1 ! L ' " - - - ., . . .
do 2d. 4s 84.10IAm T S l cv o
do 1st 4s. . .85. i4Atchen gen s. '
do 2d 4s. . . l v ai. ' c-7
do 3d 4 s si.D'S!. 1 - .
rio 4th 4'is. ..85.02 N P 4s oli
Victory 3s 95.50iN P 5s ..... 50
do 4s uo-airac 1 ec a ub... - -3
it fl ree 101 4 Penn con 4-tes. . . S3
do coupon. ..'1U15 & f cv o. ......
U S 4s reg..-..'l"6 lo tiy os. ...... 5.3
U s cv 4s coil. "IOO I U f s
Panama 3s reg.- i u o
Mining Stocks at Botiton.
BOSTON. May 15. Closing quotations
Allouez 31 IMonawk
Ariz Com 11 (North Butte .
Calu. Jfc Aris... 0IOId Dominion
Calu, & Kecla. .330 lOsceola
61
19
28'
)1 z
Centennial 11'Quincy
53
Cot Range 40'Superior
5
13'iiSnn. & Boston
E. Butte . .
3
Franklin . .
2 3 ; Shannon
1
IRC nuyaiiu ... j- umn '
Isle Royalle
29 j U tah Con
Copper .. 3IWoIverine
I H 21
It
LARGE GAINS IN BIV'I-S ON HAND
1 -c , Minion, wa bx
I Federal Reserve Board.
WASHINGTON. May 15. Combined re
l and liabilities of the 12 federal
K,t,a fniinoa a th.
1 Df business May 14:
I T?-rt.irep(
Qold and gold certif ieatea. . . .S 171.20S.0O0
- nftid settlement fund. F. R.
1 board -S9,1 49,000
OOKL Wltn loreign agencies.. iiiisi.wu
Total gold held by banks. .$ 673,13$, &OO
1 rvld with F R. agents.
. .$1,113, 92,non
150,101,000
1 Cold redemption fund..-.
Total said reserves ..$1,939,14,000
Leea.1 tendr notes, silver .etc.f 139,252. OOO
Total reserves ...
..J2.O78.393.00O
Bills discounted, secured oy
overnment war obligations. i, MPi.nm
All other i.O4S.is.0fw
Bills bought in open market. 413.292.000
Total bills on hand $2.!M,5S2.000
United States government
bonds 26T2
T-nWrd States victory notes.. 69.000
United States certificates of
ind-ebteovness iu.i..,wv
Total eaxnins et3
. .$3,270,010,000
Rank premlsee . 12.530.000
39 1 Uncollected items arrd other
deductions from gross de-
nnit4
SO", 445.000
Five pr cent redemption fund
against J? tt. Dans nuieo...
All other resources-.,..
11.77.000
5,006.000
Total resources S6.1S6.071.000
T UhllfHpa
Capital paid in
Surplus
rinvernmcnt deposits
ft3.1 07,000
120.120.WKi
44.153.000
Due to members' reserve ac-
count . -. - - -. - ... . . . i.t.iT".F
r,0fprrPd availability items.. 630,427,000
Other deposits, including for
08.075.000
eign government trj-, .
rm deoosits S2.646.8O0.000
- p. R- notes in actual circula-
tion , . ,",:
IF. R. banK noies in eircui...v..
17ft.Ri5.ono
Oti.OO5.0UO
dry I net iiaoiLit
rAH other liabilities
Total liabilities S6.1 RC.071.OOO
Ratio of total reserves to federal reserve
notes in circulation alter
25 per cent against nei ucpuan
4jc I 46,o per um.
SPECULATIVE LOANS SCALED DOW
50o
IOC
Another Advance in Discount Kates
, Anttclparo-
srtmxr TnrV. Mav 15. Compulsory re
striction of credits assumed wwter
more significant proportinno in mr.
market this ween, causing runner p.w-
.4i.nrAriMtii.Ti of o noted values in
virtually all classes of securities.
Economic problems were lnienanica
ih. inrreiiEed. freizht conseatmn at rail
road terminals as iar wtsi &s i-iiuaso,
ihr.atcnlnz the very existence or
many
lines of industry. . The investment market
wa.. active and firm as attested by
over
17c;
subscriptions to several new capital is
sues. All of these, however, were offered
at rates yielding 7 per cent or better.
In hankinc circles unusual interest
manifest In next week's conference of
federal reserve board. Reports from
Kng'.and and the west strengthened
impression that another advance of
counts, including the rate for mercantile
Tne most hopcXui Xcalure of tbe -
money situation Is the further scoJlna
down of speculative loans. This liability,
it was declared, is smaller than at any
any time in the last alx months. There
is reason to believe that loans against ex
Ports also have been reduced substantially.
In the foreign exchange market move
ments were, irregular within- circumscribed
limits, the more Important remittances
iwnny uin center.
aoies resorting additional gold ex
ports from London a tvif.
"0l?n,VL !?JL u,rp""; " th ' exhibit
terial change of that Im-itmun'. ,.i,4n.
of bullion.
Money. Exchenar. tuti.
NEW YORK, May 15. Mercantile t-
Exchange firm si..h.. ,.,
S3. 77; commercial 60-day bills on banks
-- ts ... vumjnerciAi -'i" r hin. i tt
demand $3.81 a ; cables, .-3.82H: drach
in. sk - .-. . . .- i.i...- .. . .
(90.38: Uarka AontA aat . a 1 . . - .
5.71: Spain, $ie!so- 1675 - Holland 36 50
i ona - ' -,A,Ai,w-"B; iopen-
e-. " 1 1.
Bar silver. 99Vc
Mexioai, dollars. TSUo
Government hn.
steady. '
LONDON, May 15. Bar sliver 68d per
ounce. Money, 5 per cent. Discount
ana taree-moruhe' bills. 654
Swift Co. Stock.
Closing uric, or Rwirt a- -. -,
Chicago were reported hv ' nv.rh-w a-
1.., company 01 Portland as follows:
7-" ?-r-. y;-.. 111
Surplus Reserve Is, Increased.
PBW YORK. May 13 Th. nl
, ; , - , - -
d'"on clearing house banks and trust
r""1' " "r woe" snows that tney
itod .ci n excess or legal
,vJ7i,n . , 1u" " aa "crease of
-
NO RECEIPTS. AT LOCAX YARDS
Few Changes la Price, as Cotnpfsred with
4'eek Ago.
The week's business at the stockyards
came to a close Friday, as nothing came
lr. yesterday. As compared with the close
of the previous week, hog values lost 50
cents, steers gained the same amount and
cows, sheen and lambs closed unchanged.
Livestock prices at the Portland stock
yards, were as follows:
Best grade, pulp-fed steers. . .$12.25 13 90
Choice steers n -.oc i
LiOCia to Choice Nla.r it .1 r.n
Medium to choice steers:..::! 1 o!oOta 11 !f0
Fair to medium steers....... 9 001lo6o
c"ommon to fair steers , . 8.00m 9.00
Choice cows and heifers 10.259rll 00
I Medium to good cows, heifers, ft tXi-ht ft on
Fair to medium cows, heifers 7.0fJ 8.00
anners '
5.O0'n 6.00
6.0Oi 9. 00
Bulls
Prime light calves
Medium to light calves....
Heavy calves
... ,12.00 16.00
9.00!12.00
. . .. 6.50AV 8.50
... 7.50&I 8.50
... 15.00 1 5. SO
... 14.0Otml.VftO
... . Il.o014.0o
.. 10.0011.00
. .. 12.004" 14.50
...H5. 001916.00
14.0OW15.00
.... 13.0opl4.00
... 10.50 to 12.50
13.OOW14.00
12..'.0oi 13.25
. ... S.IM'r 12.00
14.OOrftl5.00
. ... lO.OOffji 11.00
Stbckers and feeders......
Hogs
Prime mixed .............
Medium mixed ...........
Smooth heavv ............
Rough heavy .............
Pigs
Sheep
Eastern lambs
Light valley lambs .......
Heavy valley lambs
Common to medium lambs
i earllngs
Wethers
Ewes
I Spring lambs
I Throw-out sprin
lambs. .
Seattle Livestock Market.
SEATTLE. May 13. Hogs, receipts,
none: steady; prime. $13.5f&16; medium
to choice, $14.50fdl5.50; rough heavies.
$13.DOIJ)14; pigs, 1 2fi 13.50.
Cattle Receipts, none: steady. Beef
I steers, $1213; medium to choice, $10
l l; common to good, $7.5Org10; cows and
I i.r. . i ' I 1 1 , . - nmmnn in I7H
I . . . .. . ' '
i iu; ouits, f.vrjs.&o; calves, iT.ourouo.
1 SAN PRODUCE MARKET
Prices Current on Vegetables, Fresh Finite,
Etc, at .Bay City,
SAN FRANCISCO. May 15. Butter Er
tra grades. 56c; prime firsts, nominal.
Kggs r resh extras, 46c; firsts, 42 c;
extra pullets, 41 c; undersized, 34c.
Cheese old, steady. California flats.
fancy, 28c; firsts, 24c; Young America,
Vegetables Beans, string, 14'15c: wax,
10 124c per pound; bell peppers per
pouna, large, urffooc; small, lowi,c
squash, summer squash, per crate, $1.25
LuO; Italian squash, S1.50V1. ; tomatoes.
I janAliail , . .V J , 1 m. UCI OV HUU1IU I 11 A
southern. I2.50$3; potatoes, rivers. 6.50
1 7.05 per cental; plow outs, $56; Netter
I Gems, fi.jv's i 1 new potatoes, uarnets.
I 6fff7c; white. 67c per pound: Turlock
sweets. 9llc: onions, brown. 77.50 on
I street; Imperial Bermuda. $2.652.73 per
1 crate; crystal, wnite, tfgivc per pouna;
I cucumbers, hothouse. S20$3.T. per Dox;
1 garlic, u.xoj oc per pouna; ariicnoaes, 9.1
1 per large crate; turnips, a.io' .uo; car-
rots, S3: beets, $2.25 (i 2. 75 per sack; let
tuce, Sl1.30: asparagus, 0 Sc; fancy
graded, 7&9c: green asparagus, 5 6c;
green onions, $1.25 1.50 per box; celery,
per crate, $2 6; eggplant, Los Angeles, 5
10c per pound; peas, 3j4c.
Fruit Oranges, navel, $4.506.50, ac
cording to size; ValencJas, $ 4.50(g) 5.50 ;
lemons, 3.25'q$r.; grapefruit, $2.503.50;
lemonettes, $1.50& 3; bananas. Central
American. 8Uc; Hawaiian, lOllc per
poun4: pineapples. $35 per dozen; ap
ples. Newtown Pippins, 3 -tier, J3 3. 25;
4-tier, J2.75'a3: 4-tier, $2.50:2.75; rhu
barb, $l.503 1.75; fancy mammoth, S2 per
box ; strawberries, Peninsula and Watson-
ville, 60c$1 ; loquats, S(10c; avocadoes.
1 per dozen. $5i&8 for large; apricots, per
crate, 92 &'3; cnerr.es, per pouna,
rjirkr,
I JJLfl. tiK$ pftr crate. 13.
per
Recei-pts Flour, 2800 quarters; wheat, 600
centals; barley, 2212 centals; beans, 1202
sacks; corn, 1SOO centals; potatoes, 514"
sacks; onions, 746 sacks; hay, 223 tons;
butter, H85 centals; eggs, 88,140 dozen;
hides. 17:vt; livestock, 200 head.
$3,000,000
CARNATION MILK PRODUCTS CO.
Five-Year Sinking Fund 7 Gold Notes
Due May 1, 1925
- Interest payable semi-annually May
1 and November 1. Coupon Notes in
denominations of $500 and $1000.
Callable at par on any interest date
on thirty days notice. -
Convertible after November 1,
1921, into the Company's 7 Pre
ferred Stock at 95. t
Carnation Milk Products Company
is one of the largest companies in the
United States engaged in the manu
facture of evaporate! milk.
Is
ana
oy
mo
was
the
New
the
dis
local
E GARS FOR GRAIN
TWENTY THOUSAND WILD BE
. RELEASED AT ONCE.
Prospect of Free Movement Otlsets
Effect on Corn of Heavy Export
Buying of Wheat. ,
CHICAGO, May 16. Corn rose today to
new high price records for the season but
failed to hold well. Much of the. strength
came from wheat, which was in great
demand to ship to Europe. On the other
hand, possibility of a rail strike settle
ment early next week "was an evident
bearish factor toward the last- The market
closed nervous at to c net advance,
with July $1.78 to $1.78 and Septem
ber- Sl.64 to $1.S4. Oats finished "Ac
off to c up and provisions down c
to iSVC.
With exporters hoisting their bids for
wheat, it did not take long for the corn
market to ascend in sympathy and dur
ing the firet. half of the day the majority
of traders acted as if there was little
chance of any immediate relief for the
scantiness of grain supplies at terminals.
Later, however, belief, was expressed by
a prominent dealer that government con
ferences here Monday would result in the
windup of the switchmen's strike and this
led to considerable selling on the part
of holders and to a sharp reaction from
top pricea It was also said that 20,000
cars would be. sent from the east to
handle grain.
Oats were governed mainly by corn.
Provisions declined with hogs.
The Chicago market letter received yes
terday by Overbeck ft 'Cooke company of
Portland said: -
Com After the early advance, which
was based on reports of large sales of
wheat In sight for export at higher prices,
the market encountered a large volume of
liquidation Induced by the sudden Indica
tions of improvement in the railroad situ
ation. Thifji, together with announcement
that a decision had been reached to have
eastern lines furnish from 20.000 to 30.000
cara) to western carriers for movement of
grain, gave bears courage and created a
more confident feeling in the transporta
tion outlook. The weather has been -ery
favorable and it Is said that central Illi
nois will very likely have the largest corn
acreage on record. We are bearish on the
situation from the standpoint of prospec
tive supplies and for this reason thlnjc it
will be well to focus attention on the
transportation, situation, which will govern
tbe movement from the interior to ter
minals. Oats started strong, but eased In sym
pathy with com, accompanied by rather
heavy liquidation. Therejwas no change
of importance in the general news, except
that shipping sales wee again of fair pro
portions; compared with what they have
been running recently. There is no Inde
pendent action In prospect at the moment
and, as the crop reports are quite favor
able, it is logical to assume that the Sep
tember delivery will respond in a down
ward direction to any indications of weak
ness in other grains.
Leading futures ranged as follows:
CORN.
Open. High. . Low. Close.
Mav $1.97 $1.97 $1.96 $1.!
l.ilv 1.S714 1.1174 1.77 1.78H4
Sept.... 1.64 1.65 1.64 1.64
OATS.
May.:.. 1.06 l.oT 1.05 1.06
Julv 0-'t .94 .92 .92
Sept .7 .77 .76 .76
MESS PORK.
May..
July. .
May. .
July. .
Sept..
.-.6.00
37.00
21.20
21.20
22.0 2
37.25
LARD.
37.00
21.07
SHORT RIBS.
May.
July.
18.35
19.75
1U.55
18 I5
10.35 18.1
Sept
L'aj,h orices were
WheaK No. 3 northern spring, $3.20
"'Corn No. 2 mixed, $2.13; No. 2 yellow,
Oain o 2 white 17U 'n
3 wnite. jLH g i.io.
Rye No. 2. $2.224.
Wariey $1.SJ
Timothy seed $10i& 11.50.
Clover seed $25&3o.
Pork Nominal.
Lard 20.:t7.
Ribs $17. 75 18.75.
Grain at San Francuco.
SAN FRANCISCO, ' May 15. Grain.
Wheat, $3.66 2-3 per cental; oats, red,
S3.40&3.50; barley, feed. $3.40(3.50; corn.
California yellow, $3.tk(& 3.70; rye. nom
inal. Hay Fancy wheat ay, light, five-wire
bales, $3ti& 41 per ton : No. 1 wheat or
wheat ana. oat hay, $3538; No. 2, $32 if
35. ; choice tame oat hay, $37)40; other
hay, nominal ; alfalfa hay, $3037; stock
hay. $2932; Oregon wheat and oat mixed,
$2&32; No. 1 barley straw, 70c9$l per
ale. .
Seattle Feed and Hay.
SEATTLE, May 13. City delivery: Feed
mill, $52 per ton; scratch feed, $S5; feed
wheat, $97; all grain chop, 70; oats, $7;
sprouting oats, $81; rolled oats. $S0; whole
corn, $92; cracked corn. $S4; rolled barley,
$78; clipped barley. $85.
Hay Eastern Washington: Timothy,
mixed, $47 per ton; double compressed.
$51; alfalfa, $44: straw, $18.
Coffee. Futures Close Higher.
NE)W YORK, May 15. The market for
coffee futures showed continued steadiness
today. September sold up to 14.95 and De
cember to 14.S2 with the market closing,
at a net advance of 13 to 16 points. Clos
ing bids: May, 15.00; July. 15.35; Sep
tember, 14.96; October, 14.02; December,
January and March, 14. So.
Spot coffee, steady; Rio 7s, 1515;
Santos, 4s, 23&24',4.
Eastern Iltii ry Produce.
XFTW TORK, May 15. Butter, firm: re-
This business is essential to the maintenance and development of the dairying
- industry in the States of Washington and Oregon.
We recommend these notes for investment.
PRICE 96 2 AND INTEREST TO YIELD 7.85'
Blyth. Witter, dip.
UJteCED SKIES GCKEaTOmr KDiaOPAI. AltD COftPCSVUJOIT B0HD5.
VEON BUILDING PORTLAND, OREGON
. Telephpnp; Main 3364 ,
Saa Francisco Se Tork Sea.ttl Loo Angeko
er ttiaa.k
extras, 63jl63c: extras. 2rr62V-c: firsts. J
5661 Vic: packing stock current mine ;
No. 2. 40040. ft !
Eggs, irregular; unchanged.
Cheese, firm; unchanged.
CHICAGO. May 1J. Butter, lower.
Creamery, 4756.
Eggs, unchanged. Receipts. 30,027 cases.
Poultry, alive, unchanged. -
Naval Store.
SAVANNAH, May 15. Turpentine quiet,
$1.93: no sales. Receipts 245. shipments
692, stock 2313.
Rosin firm. Sales 359, receipts 776.
shipments 270K. stock 19,951. Quote: B,
$14.35: D. $17.35: E. $17.45: F. G, H, $17.5$;
I. $17 06: K. $17.SO: M. $17.75; N. $18.25:
WG. $18.45: WW. . 18.65.
Dried Fruit at New York.
NEW TORK, May 15. Evaporated ap
ples, quiet; prunes, firm; peaches, in de
mand. ASKED
WATER DISTRICTS SCBMIT
$2,534,000 FOR APPROVAL.
Medford Irrigation Project Cojii
prising 10,000 Acres Requests
91,250,000 Certification.
SAL.EM. Or., "May 15. (Special.)-
rftoa.ueats for : certification of bonds
afygregating- $3, 534,000 have been re
ceived at . the state engineer's office
front tbe various irrigation districts
In Oregon during the last week.
The "Medford - irrigation district,
which proposes to place water on ap
proximately 10,000 acres of land in
Jackson county, has asked for the
certification of bonds in the sum of
$1,250,000. To make this work pos
sible the district yhas entered into
a contract with tne Rogue River
Canal company, whereby it will take
over the canals and works of the
latter corporation. Bonds totalling
$1,500,000 have been voted to com
plete development of this project.
The Huttles uika irrigation district.
which embraices 13,000 acres of land
in Jefferson county, .seeks certifica
tion of bonds in the sunt of $750,000.
This mqney, according to tbe report
in the hands qi the state engineer, is
needed to convey water to the pro
ject from Lake creek, and First creek
and construct a reservoir. Appraisal
of. this district has been completed
and plans are now under way to hold
an election to vote on the question of
asking the state to guarantee interest
on tbe bond issue.
The Grants Pass district requests
the certification of $184,000 in bonds
in addition to $106,000 already ap
proved by the irrigation securities
commission.
The Talent irrigation district would
have the securities commission certi
fy to $350,000 of bonds in addition to
$200,000 already certified. This dis
trict is under development and water
already has been delivered to the
reservoir.
RED CROSS BODIES UNITE
Cowlitz County Chapter to Have
Headquarters at Kelso.
' KELSO. .'Wash.. May 15. (Soe
clal.) The Cowlitz county and the
Kaiama Keo Cross chapters will con
solidateft and be known as the Cow
litz-VVahkiakum Red Cross chanter,
which will have its headquarters at
Kelso.
The boards of the two chapters were
consolidated, and officers elected lv
the new chapter as follows: J. li.
Umbaugh. chairman, 'Kelso; Mrs. W
I. Van Note. 'Kelso, secretary, and Lt.
C. Mann, Kalama, treasurer.' Home
Klrby of Kalama presided at the
NEW YORK STOCKS
GRAIN
COTTON
NEW YORK CURBS
MISCELLANEOUS SECURITES
LIBERTY, VICTORY AND
CANADIAN BONDS
FOREIGN BONDS AND
. EXCHANGE
Direct Private Leased Wires
Coast to Coast Fast Service.
HERRIN & RHODES, INC.
Established 1S?6.
Members Chicago Board of Trade.
201-3-4 Railway Exchange BIdg.
Seattle Tel. Main 283 Tacoma
Portland
The business was established in
1899 and has had a steady and con
sistent growth. From the original
factory at Kent, Washington, this
business has grown .to include plants
in Washington; Idaho, Oregon, Cali
fornia, Illinois, Wisconsin, Michigan
and Ontario.
Total net assets are over four times
the amount of this note issue.
. For the past five years average net
earnings have been over seven times
interest charges on these notes.
'Rsep
lliiiil!u,iii;uiiil!li!ii'ii!!i:!! IJ
SI
Exempt From All Dominion Government Taxation
Canadian City and Provincial
To Yield
Principal and Semi-annual Interest Payable in U. S. Gold Coin la
Xew York or at Morris Brothers, Inc.
Edmonton
Gold Bonds
Amount - - $43,000
Dated - Oct. 1, 1919
Due - - Oct. 1, 1929.
Denomination - $1000
Manitoba
Province
5 Gold Bonds
Amount $147,000
Dated - April 15, 1920
Due - - April 15, 1923
Denomination - $1000
Price - - - 93.39 to
yield 1
Price - - - 86.58 to
yield V&7c ' .
Telephone or Telegraph
Morris Brothers ins
I CAttTAL
IOneMiluom
Jfie )7remtercMuTucipaBond'Tous
Morris Bids.
meeting and Mrs. Grover Thornton of
Kelso was secretary.
Astoria llouses Raided.
ASTORIA, Or., May 15. (Special.)
Twelve rooming houses and resorts
50 and Safety
An absolutely safe investment that shows the strong
est promise of paying 50 or more yearly is worth at
least a few minutes of your time to investigate.
Mr. F. A. Leonard, general manager of the Queets
Trading Company of Hoquiam, 'Wash., will be at the
Hotel Benson all day Monday and Tuesday, May 17 and
18, and will be pleased to have anyone call who is in
terested in the above investment. Mr. Leonard will not
LCUVC U1UC19 AVI. OLVyV ,
information in regard to
estea.
The Queets Trading Company is a going, growing
concern who own and are operating a large salmon,
clam, beef, vegetable and fruit cannery, a general store,
hotel and transportation business in a strategic location
where there is no competition and where they can pack
salmon, etc., at about one-half the cost that it can be
done elsewhere along the coast. The company expects
to pack 25,000 cases of red salmon this year and several
thousand cases of the other products. Their new boat
carrying 65 tons will make its run in less than 8 hours
with a freight rate of ?15 per ton each way. The com
pany fully expects to pay its stockholders 50 or more
yearly on their investment
(par) per share. This price will be raised in a very tew
days, it is expected. The capital stock of the company
is $100,000. All stock fully paid and non-assessable.
Any sum from $25 to $5000 may be invested. It may
be all cash or on payments, price the same either way.
Circular and full information may be had by calling on
Mr; Leonard as above or by writing to the company at
Hoquiam, Wash. ;
OCrf Semi-annual QOL
O70 Interest P JO
The secured convertible five
year gol(J. bonds of one of
America's great corporations.
Sinclair
Oil Co.
Denomination -$100
$500 $1000
Dateid. May 15, 1920
Due May 15, 1925
These short-term bonds of. one
of the foremost companies la
America in its line offer you not
only a high rate of income, but
the conversion privilege may
become very valuable. Net earn
ings of the company are in
creasing heavily year by year
in 1919 they amounted to $21.
890.898 after all taxes were paid.
Proceeds irom tnis issue ol
short-term bonds will bring
about a heavy increase in earn
ings. 5-year7y2'sat98
Cash or Partial-Payment Plan.
Aek for details. .
Wire orders "collect",
Freeman
smith
Ot
Camp
CO.
H ' sccpHO wiecm
STOCKS GRAIN COTTON
IStorka Hated New York Stock Ktehange)
Reduced Commissions Small
Deposits
Chaa. It- ll.a1n Brokerac Co..
PKNttK, COLO.
ALLEN BROS. CO
217 Cbumbfr of Commerce Uidf.
Fort-la"'! C'orreoiideut
I'liou ill-16.
- - , 6,1
I, :u :l.l!.l.llil.llll.kJulhl!lll!;:illl I
fit
Alberta
Province
6 Gold Bonds
Amount - $129,000
Dated - May 1, 1920
Due - - May 1, 1923
Denomination - $1000
Price - - - 96.03 to
yield 7?5 ,
Orders at Our Expense.
tiruumcei
Ovtn QuftTfI
309-11 Stark St.. Rot. Tift and Slith
aelephoae Broadway Slil
on A st or street ven raided by taa
police at an early hour this morniuf
and 10 ment were arrested for gam
bling and one woman waa taken into
custody on & charge of having liquor
in her possession
Head The Orepronlan classified ads.
" a.av. w Cl ' ' " t:
the investment to those inter- ,U
at its present price of .lQc-;
German Bonds!
We offer for immediate delivery,
City of Berlin .49i
City Greater Berlin 4
City of Munich 4
City of Leipzig.......'. 4
For delayed delivery: .
City of Frankfurt?. ...4
City of Cologne......... 4To
City of Stuttgart........ 49o
German Government. . . . .5
Badische Anilin ....... 4 Vto
All stem Elektr. Ges....4Vi
Benz & Co. Mannheim. . . .5
Ask for complete price Xist of
largest cities and industrial cor
porations in Germany.
Get our quotations before
buying Marks.
TRANSATLANTIC ESTATES
. & CREDIT CO, INC. -222
Chamber of Commerce
Marshall 205
OVERBECK &
cqoke qo.
Broken, Stwlcs. Bonds, Callaa.
Grain, Kto. -
tl-17 BOARD OT TBADE BUHL
HKMBF.K CHICAGO BOABJt Of
IKaDK
MEMBERS
Carres pen rten t a f Ljran A Brraa,
Cbicas an 4 Ktw Xerk.
Kew Xerk Stock Exchang.
Cblcace Siock Bzchajis.
Boatoo Bteck Cichaosa,
Chicaao Board ef Trad.
Mew Xork Cotton xchanca
New Orleans Cettoa Kxcbsns.
New Xork Coffee Excltanse.
New Xork Produce KxehaoBO.
Liverpool Cotton Aaaoeiatloo.
Phone your want ada to The Oreso
auun. Alaiu 70711. Automatic ib0-3o.