The Sunday Oregonian. (Portland, Ore.) 1881-current, June 06, 1920, Section One, Image 23

The Sunday Oregonian., June 06, 1920, Section One, Page 23, Image 23

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Newspaper Page TextTIIE SUNDAY OREGOXIAN, PORTLAND, JUNE C. 1920 BRIGHTER OUTLOOK FOR WHEAT CROP Trade Anticipates Bearish Report Next Tuesday. ! Seattle S.809.6.12 1.197.200 Tacoma S06.7''6 110,073 Spokane 2-.23.164 702.B20 Total clearings of Portland. Seattle and , Tacoma for the past week and correspond ing week In former years were: Portland. Seattle. Tacoma. .$.!4.r..72 J3S.24,57 $4,500,707 1920. 1910. mis. 1K1T. 19!. 1915. 1914. 1913. 1912. 1911. 1910. 30.O58.S35 . . 22.220.S79 .. 14.R8,S7S . . 10.24.-..S27 . . 8.R00.144 . . 9.97.:Mt6 . . 1 1.922.1 .'. . . 12.J7S.578 . . 11.430.7S4 . . 10.511.123 3T.9::l.R58 35.::n.2J 20.3S3.257 12.7S9.350 11.29S.S9S 12.730.601 12.789.302 11.8S4,73 11.294.47S 11.707.471 5.040,833 4.340.1 SO 3.107.0S 3.0R5.646 1.957.271 2.301,626 3.0S5.64 4,7l.2 4.419.396 6.872.102 BUYERS ARE HOLDING OFF PORTLAND MARKKT QUOTATIONS Grain, Flour. Feed, Etc. Noon session. Merchants' Exchange. -Bid- Export Demand Here and, Mills Arc All Practically Out of Market. Oats No. 3 white feed Barley No. 3 blue Standard feed .......... corn No. 3 yellow Millrun Kaatern grain, bulk: Corn No. 3 yellow WHKAT Club. $2.65: hard wheat. $2.60 per bushel. FLOUR Family natents. $13.75: bakers' hard wheat. $13.75; best bakers patenta. pastry flour, $11.80; graham. June. July $6S.S0 $69.50 67.00 67.00 . 66.00 66.00 . 76.00 75.50 . 53.25 64.00 . TT..00 73.no W hf At Kni4i iL-m tun in a Tl mar- V.t. vi.iiiiV t 1 nnlM"-"". wnoie wrteaE, iil.&o. u 1 I J. . . .,". MILLFEBD Prices f. o. b. mill: Mill " .urausn io $5453 per ton; rolled barley. $73 jo ten is. Tnere was no export aeruanu 74; rolled oats. $7475; scratch feed, here and the mills were "radically out I $90(691. ef the market as the present flour prices CORN whole. $8283; cracked. $84 so way reflection of wheat are In values. The bearish factor In the situation was the extremely favorable wheat crop out look throughout the country.- "With most of the important erowing sections report ing" anywhere from Eeven inches to two $85 per ton HAY Buying price, f. o. b. Portland: Alfalfa, $35; cheat, $25; valley timothy. $35636. Oairy and Country Produce. BUTTER Cubes, extras. 49c per pound; prints, parchment wrappers, box lots, 64c Wtr Hound: rurtun, F.Ke- - Hulf hnr, r icet 01 moisture in tne erouna. more; leas than half boxes, lc more; but Is orablo government report next Tuesday. The feed grains were quiet on the local anticipated 1 terfat. No. 1. 5152c per pound at sta tions; Portland delivery, 53c. h,Litjri Buyinjr price, current receipts. 3A Inhki.. A ...... i .1 board. Corn bids were &0c$l higher 4ic'. sie,., 43,. but white oats were 50 cents lower. Of- I CHBBSE Tillamook, f. o. b. Tillamook: lera for July barley were raised $1. while I Triplets, 28c; Young America. 29c; long- June barley was the same as Friday. KjTL ' . . . , urIy' U A New York bulletin reported the sale 1 , ' ..... L ' ' ef a car of No. 3 white oats at $1.33 on track, equal to $1.25 a bushel f. o. b. track, Chicago. Weather conditions in the middle west. as wired from Chicago: "Generally clear and fine all over the grain belt with the exception of the Ohio valley, which is I cloudy. No rains anywhere. Forecast- oenerasiy fair tonight and tomorrow, warmer weather predicted.' The wheat crop of British India. Is placed at 364.900.000 bushels, against an average of 350,000,000 bushels. Kxports will be limited owing to the increased de mand for wheat at home on account of the greater prosperity of the natives. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Portland Wheat Barley Flour Oats Hay Taturaay .... -j Tear ago...'. ." Total this w'k 30:: Tea r ago .... 40 fira'n to date.SS3S. Yrar ago.... 7501 Tacoma Friday 8 Year ago Pf-a'n to date . 71 53 Year ago 5446 Seattle Friday 6 Tear ago 1 Fra n to date.6.327 Year ago 5UR2 STOCK UNDERTONE FIRM WEEK- EX H SETTLING OF TRADES IS MARKET FACTOR. Speculative Issues Arc Strong at Close Liberty Bonds Re cover Early Ixss. NEW YORK. June 5. The week-end session of the stock market presented no features of especial interest. . Speculative shares of the steel, equipment, motor, oil and tobacco varieties were strong, the list as a whole showing a firm undertone. Trading was relatively more active than during the three preceding days, the cus tomary evening up of short accounts ac celerating the advance and; contributing to the turnover of about 300,000 shares. Foreign exchange was irregular with another advance in the German rate. The clearing house statement disclosed the usual discrepancies between average and actual conditions of the local banks. For example, average loans increased close to $16,000,000 with a gain in actual reservas of about $-1,250,000, bringing ex cess reserves up to $28,567,400. Iealings in bonds were moderately large, librty issues reacting at the out set, but making up most of their loss later: Total sales, par vsluc. $9,175,000. Old United States bends unchanged on call. CLOSING STOCK QUOTATIONS. 5 1 1 9 42 1R 5 45 9 19t 39L9 54 1 1104 27 707 1 6 1 1 100 3231 179 48 .... 2O0 i'Af) lii.-. KI9 101 J702 010 9 1 31 16 22-.B 319: R41 1231 1 232 NORTHWEST GRAIN I'AIR TO GOOD Rain Would De of Benefit in Some Sec tions. Cereal crep prospects on the Pacific roast are reported by the weather bureau as follows: weather cool, with frost on several mornings, injured com. Vegetation grow Ing slowly, needs warmer weather. Un Irrigated crops need rain. Winter wheat heading short in western counties, but is fair to good in central and eastern coun ties First cutting alfalfa is nearing com pletion in southern counties. Idaho Wheat doing well. Alfalfa and pasture grasses growing very slowly, the weather being too cold. POULTRY Hens. 2328c: broilers. 28 3ac; ducks. 4uo0c; geese, nominal; tur keys, nominal. VEAL Fancy, 19c per pound. PORK Fancy. 20c per pound. Fruits and Vegetable. FRUITS Oranges. $5.ofl&7: lemons. $5 (S'6.50 per box; grapefruit. $4fii9.50-per box; bananas, 11giJ2c per pound: apples. $3 'ft 4 per box; strawberries. Oregon, $5(7 per crate: cantaloupes. $7.509 per crate: cherries. ltifr-20c per pound: gooseberries, iff ie per pound; peaches. $3 per box. f.UbTA HLfc Cabbaire. 3U,f&-5c ner pound: lettuce. $2.75 a S.50 ner crate: cu cumbers. $16 2.50 per dos.; carrots, $4 ti 4 50 per sacK : norseradish, per pound; garlic. 40(& o0c; tomatoes. $2.2od2.75 per box; artichokes. $1.50 per dozen : spinach. 6 ic per pound: rhubarb. 3 fa 5c per pound: peas. 10&-14c per pound; asparagus. $1.75fc ..iyu per Pox: beans. lcliVe per pound: eggplant. 25 SB 30c per pound. l-u 1 A rotth Orecons. 9S10 ner sack: laKtiiias, $9rj'10: new California 1''o 14- per ii'iuiin. O.MO.Nb irystal wax. $2.25&2.50 per i-fuit.-. rca, per sack. Staple Groceries. Local fobbing Quotations: SL'liAR Sack basis: Cane. fmnnimM 24c per pound: extra C. 24 35c- irr.rtn C. ;!4c: yellow D, 24.15c: cubes, in bar rels. 2..6(lc. MTS Walnuts. 2f&3S-- Tiro Til nn 35c: filberts. 35c: almonds. 3R(S3RU.e- Ma- nuts. frlHc: cocoanuts. $2 per dozen. ''ALT Half ground. 100s. $11.25 ner ton: 50s. $18.75 per ton; dairy, $27.75 per ton. RI e, Blue Rose. 15c per pound. BEANS Small white. Hno.; laree'while ric: pink. 15ic: lima 15e ner nnunri- bayous. II' 4c: Mexican reds, 10c per pound. i-u rn.iL. Kcastecl. In drums, 30tl5Oc. Provisions. Local jobbing quotatipns: HAMS All sizes. 40W44c: skinned 39iH 43r: picnic 26c; cottage. 3Sc. LARD Tierce basis, 23c; compound. 24c per pound. DRY SALT Short, clear backs. 2529c per pound: plates, 23c. KAtt). 1- Ji 1 1 1 : v . 4S 'n ,,fir : standard. 35 tn. 46c per pound. Sales. High. Low. KO'i "00 'A 400 S9H 39--) 4,500 141 140 3.6O0 S6 854 4.600 99 98 4 2.000 89 U S9V 800 94 4 94 "4 30.000 r.tt'i 50m 1.100 984 98 10O 14'i 14'i 1.0OO ."7'- 67 s 200 794 79H 4O0 164t 164 1.300 116a4 11514 9O0 31 54 31 ',i 5.400 91 '4 91 li 200 23' 23 "4 100 112Si 112 200 65 14 65 V 1.5O0 130 '4 130 200 52 4 511 300 331, 33fe TOO 81 i 81 6.200 37 4 37 200 31 "4 31 1.0O0 94 S 93 T4 7.300 13R4 136 1.100 49 Mi 4Si 300 12", 12 9.100 27 fe 27 2,4l0 72fe 72 100 33 i 351 100 52 fe 52 fe 1.0O0 86 83 'i 1.2O0 1R'i 174 1.200 7R'4 77 '4 1O0 If.1 13H T.200 179S. 177 10O 2054 204 6.000 29 26 T 1.700 25 '4 25iA 2 1 no 69 6S fe 1.100 :;ofe 294 400 RR RR 400 73 fe 73 700 3S'4 3R 1 Ml) 43i 4 '4 2O0 42" 424 13.400 104 '4 102i 2 900 39 39 200 2S34 2R4 300 17 17 l.nno 844 R:'. 3 :',oo 92 s 91 fe l.ono 11514 1144 300 nfe 9 TOO 75 754 6.900 32 4 31 2.600 93 fe 92 74 700 23 fe 23 ROO 1(01 H 101 fe , 14.000 70 fe i9 S.6O0 4R'4 48 200 41 fe 4 1 fe I 5.5O0 71 70 fe 1.400 15 14fe 1 200 114 113fe 600 64 63 I.OOO R5 R4fe 1 6.0O0 R2U 81 "4 . 1.700 95 fe 95 fe 20 300 94 fe 93 fe 700 10614 106 500 70 69 fe , 200 S4 R3fe 1 300 50 fe , 50 1 2.100 ISfe 18fe Hides and Pelts. nll)b -.Nominal, on account of unset tled conditions of market. PRl.TS nrv n.liB fin. vvasningxon generally low temperatures 1 long wool, 20c; dry pelts, coarse, long wun inadequate sunsnine nave retard eo 1 w. growth, wheat. Weather was unfavorable for tt bas been too cold for barley MOHATR Long staple, 35e per pound. TALLOW No. 2. 8c per pound. CASCARA BARK Per pound, old peel, c: new peel, 10c per pound. WOOL F-astern Oregon, fine, 50 54c ; I calu & Hec'la.-323 Va.,-Ir,y;,eitl'mi 3ir.-P.p'nd- Centennial 12 Hop. Wool, Etc. 1 4 ,.,, , 1 " jc-$ ifouna. 1 vwr. vUtuiiB wibl viujj iiati. hm contracts. 7oc l ttiree-vear coniroi. pr.un. i averaer. California Barley and oats, are ripen ing rapidly and harvesting is begin ning; earIy-owt grain are fair, but strong I V-c: new peel. 10c per pound. dryins winds injured late-sown grain. Planting Kgyptian corn. (laying ia gen eral, Arixona TTi crop made rood progresa I Oils. generally under favorable weather con ditions. Average crops of oats planted In northern counties and large crop of wheat seeded. Utah Splendid growing weather. Grains and alfalfa are making excel Ien t growth, Considerable corn planted for Mlns. Nevada Light " froarts retarded a I fa if a growth. Karly wheat, barley and oat? thriving. Grain seeding completed. Hay crops are well advanced. Am Beet Sug. , Am Can ..... Am Car fc Kdy Am Inter Corp Am Loco Am Sum Tob.. Am Tel A Tel Am Tob Sec . . Am Woolen . . Am Z t tt Sm Anaconda Cop Atchivon A G & WTSS Baldwin Loco. Bait Ohio . . Beth Steel B. B & S Copper. Canadian Pac, Cent Leather. Chand Motors. Ches & Ohio. . Chi M ft St P. Chi A N W . .. Chi R I &, Pac Chino Copper. Corn Products Crucible Steel. Cuba Cane Sug Krie Qen Motors . . Gt No pfd Gt No Ore ctfs Inspir Copper. Int M M pfd.. Inter Nickel.. I nter Paper . . K C Southern. Mexican Petrol Miami Copper. Mid State Oil Missouri Pac N V Central .. N Y N H & H Norf & West.. Northern Pac. Ohio Cits Gas. Ok Prd & Rig Pac Tel & Tel. Pan-Am Pet.. Pennsyl vanif Pitts A W" Va. Ray fon Cop.. Reading Pep lr ft Steel Rnval Dutc h . . Shat Ariz Cop. Shell T & T . . Sin Oil &. Rfjr. Southern Fac. Kmithern Ry. S O or N J pm Tp.as Co Texas A Pac. Tobacco Prods Transcont Oil. Union Pacif ic 1 S VA Prods IT S Ind Alco I U S Rubber - U S Steel do pfd T'tab Copper. . Western Union Western Elect Willys-Overlnd BONDS tt a t.ik mi 1.40IAnclo-Fr. 5 o , a c- sc"S niAtnh tren 4s ... 7 3. j T a :'m ' AT HIT) A R G con 4s 61 m au... R..KON Y c deb do 3d 4Us. . ..hi.si r do 4tll 4S4S.. .86.00.N P 3s ..... . Victory 38 ...95.R0Pac r t os." . a w.-i.dD.ra v: i' ii t ,Tf o . . . . - O S 2s reg '101 IS P cv ns do coupon ..'mi loo ry v u .. -A .104 34 4J t 48 . do coupon ..104i!IU S Steel 6s. Pan Ss reg .'11 I do minion . .11 i Mining Stocks at Boston. BOSTON, June 5. Closing quotations: Allouez Last Faie. 90 39fe 14nfe S6fe 9S?4 89 fe 94 fe RR'4 98 fe 14fe 57 fe 79 164 116fe 31 fe 91 fe 23 fe 112fe 65 fe 130 fe 52 fe 33 fe 81 fe 3 31 4 94 fe 136fe 4W 12fe 27 fe i 35 52 fe R6 1R',4 is 13i 179fe 20 fe 29 Ra 29 fe SR 73 SR'4 4 ' 42" 103 3S'4 2S fe 1 R3-14 91 14 114fe 9 75 fe of any like period since February of last year. Prices were steady to Tlrm lor tno most part and in a number of instances, espe- lallv among rails, equipments and some of the miscellaneous specialties, more than little strength was displayed. In the opinion of impartial observers the better tone of the list waa due less to ctual demand than to an almost com plete depletion of the speculative long account. This condition does not apply to bonds, however, recurrent weakness being shown by victory and liberty issues. some of which fell to new levels of dis count, while the foreign group, notably Anglo-French 5s, was conspicuously strong. Action of the various federal reserve banks In advancing , rediscounts was not eeded to prove that the process of "credit eflation was gaining ground. From all parts of the country came word of in creasing scarcity of time money. Industrial and commercial conditions were again somewhat clouded by labor isturbances and reduced production, tne latter voluntary in part. These were bal anced in a measure by further favorable reports from important agricultural sec' uons. Several new corporate nnderwrltlngs found a ready market. The most Impor tant was the $50,000,000 Belgian 7fe per cent loan. The political situation was among the eterrent factors, commission houses at tributing much of the curtailment to un certainty regarding the outcome of next week's developments at Chicago. cnier of the encouraging events in tne securities market was the firm to strong tone of railroad shares. Especial interest ttached to the re-purchase by an inter atlonal banking house of a largo block of St. Louis A San Francisco railway bonds from France. Freight congestion continued to Improve, but much remains to be accomplished. 1111 60fe 4Sfe 41 U, 70fe 15 114 63 fe R5 R2 95 '4 :':: 106 70 R 50 ' IS1, 96fe ofe 90 fe $2.16; cases. X.IVESTOCR IN GOOD CONDITION Kaages in Tair Shape In Most Sections of Coast. In Utah, ranges and pastures are im proving rapidly, reports the weather bu reau. In Nevada and the northern states the eool weather and frosty nights pre vented normal growth of grasses, though ranges, generally, are In fair to good con dition. Continued dry, warm weather in California is causing a steady deteriora tion of most lower ranges although there la sufficient dry feed available in prac tically all sections; however, water in LINSEUD OIL Raw, barrels. $1.83: raw. drums, $1. 90: raw. eases, $1.98: boiled, barrels. $1.85; boiled, drums, $1.92; boiled, cases. TURPENTINE Tanks. $2.31. COAL OIL Iron barrels. 14fe17c cases. 2i'n4o. UASOL1NK Iron barrels, 25fec; tank wagons', 25fec; cases, 38e. - l-util. OIL Bulk. 12.10 per barrel. SAN FKAM'ISCO PRODUCE MARKET ! Prices Current on Tegetables, Fresh Fruits, 1 Ets.. at Bay City. SAN FP-ANC1SCO. June 5. Butter Extra grade. 52fec; extra firsts, 53c. Lggs Kresh extras, 4ofec: firsts. 41c: extra pullets, 01 fee; undersized, 32c- Cheese Old - style California- flats. fancy. 28 fee; firsts. 24c; Young America, 2Sc. Vegetables Beans. 10S13c per pound bell peppers, 13&20C for large size Chile, 25 30c: tomatoes, southern Call fornla fancy, $1.5002; potatoes, old crop. 9fepl0fec per pound; new white, 8 Mir 9c per pounds; do, Oarnets, 8a9c; onions Crystal w nite, ll.:j per crate; new res, llV'j; Australian brown, per cental, $S.507; cucumbers. natural I BILLS ON growth, i.ouyy 1. 1 u; nomouse. s-Q92.ou; . 30 North Butte ... 17 fe . 10 Old Dora 27 . 59 Osceola 40 .323 Juincy 48 . 12 Superior 5 . S9fe Sup & Boston.. 4 .. 12'4IShannon 15-16 .. afeUtah Con 64 . 29 IWlnona 25 Sfei Wolverine 17 61 Aris Com Calu & Ariz. Cop Range r:ast ulte . . Franklin Isle Royalle . Itke Copper. Mohawk .... Money, Exchange, Etc NEW YORK. June 5. Mercantile paper, iim-hnn ire.1. Vjt.-rmnea Irregular. aterimg aay bille. ?3.85fe: commercial tiO day bills on banks, $3. Safe; commercial w aay 0111s $3.84fe; demand, $3.M9; cables $3.90fe Frajics. demand l-.n: cooics, i.j; tin .in francs, demand 12.52: cables 12.5 ruilders, demand 36 3-8; cables 36fe ; lire, demand 16.95: caoles 16.93; marks, de mand 2.58: oaDies -.;' new 10m ex change on Montreal, life per cent dis count. CORN MARKET BEARISH IXCKEASE IX CROP MOVEMENT . IS ANTICIPATED. CATTLE AND SHEEP ARE LOWER Close of Ifogs Quarter Higher Than Preceding Week. Except for the sale of a few head of hogs at $14 and $14 50. no trading was reported at the stockyards yesterday. Re ceipts were small and prices were not hanged from those of the preceding day. As compared with the close of last week. top steers anr! cows ate 75 cents lower. while calves are down $1.50. Hogs closed 25 cents higher, ana Iambi and sheep $1 lower. Receipts yesterday were 138 cattle, 1 calf. 165 hogs and 10S sheep. Of the cattle, all but one load went through. Livestock prices at the Portland stack yards were as follows: Cattle Grain and pulp-fed steers Choice grass steers Good to choice steers Medium and good steers ..... Fair to good steers Common to fair steers Choice cows and heifers Good to choice cows, heifers. . Medium to good cows, heifers. Fair to medium cows, heifers. Canners Bulls Prime light calves ........... Medium light calvea ......... Heavy calves Reduction of Export Bids on Wheat 'Also Has Depressing Effect. Last Prices Lovcer. CHICAGO, June 6. Signs of at least some increase of the crop movement next week bad a bearish effect today on corn. Prices closed nervous, fe to lfec net lower, with July 1.731.73fe and September $1.601.60fe. Oats finished unchanged to fefec down and provisions oft 2 to 17c Rallies that took place proved to be difficult to maintain. A sharp reduction in export bids on wheat was construed as bearish regarding corn, and so. too, was a report that Boston offers to resell corn were 10 cents under ' current caah quotations. . Oats were relatively firm. Provisions weakened owing to lack ef support. The Chicago market letter received yes terday by Overbeck & Cooke company of Portland said: Corn The start was lower on sccount of favorable weather conditions, bearish foreign news, lower cash market and a belief that receipts next week would be more liberal. Omaha, Kansas City and St. Joseph were reported as offering corn freely to this market on a near working basis. Kansas City cash corn was re ported 4 cents to 7. cents lower; St. Louis cents to 5 cents lower and Chicago - cents to 3 cents lower. There appears to be a diminished export demand for wheat with prices for this grain much lower at gulf and seaboard. There were some scattered complaints of corn turning yel low because of cold jiights. but the gen eral crop progress Is regarded very satis factory. Commission houses took eariy Knopp, Eug-erie, Dorothy Duniway, Portland, and Marcus O'Day of Cen tralia, Wash., seniors, were highest in scholarship. The highest junior in scholarship was Mary Turner of Eur gene. Following is the list: Seniors Kenneth Bartlett. Estacada: Luclle Copenhaver. Eugene; Dorothy Duni way, Portland; Andrew Fish, Eugene; Grace Hammerstrom, Aatorla: Marjorie Kay, Salem; Grace Knopp, Eugene; Luceil Morrow, Portland; Marcus O'Day, Cen tralla. Wash.; Roberta Schuebel, Oregon City: Randall Scott. Springfield; and Paul Weiaenheimer. Corvallts. Juniors Mary Turner. Wilbur Hulin and Dean Moore, all of Eugene. Hogs Prime mixed Medium mixed Smooth heavy . Rough heavy . , Pies sheep rambs Cull lambs 1 earlings , Wethers Ewes .ill. 73 3)12.2 . 11.00011.30 . 10.501.11.00 . 9.501 10.50 8.50i 9.50 . 7.7-1 8.50 . 9.75 10.2 . R.73(& 9.7 7.75 8.75 6.75 (ft 7.7 5.0O 6.00 .O0 't 8.50 12.O0 13.50 8. now n.on 6.00 8.50 14.75W15.flO 14. 25 if 14.75 1 1.0Oi 13.O0 1 O.OOwl 1.00 11.00 13.00 12. 00 19. no R.OO'rt 10.50 7.O0W 9.00 6.00(H) .8.00 3.00 rg 7.50 Chicago Livestock Market. CHICAGO. June 3. Cattle Reeeints 25oo head, compared w ith a 'week ago beet steers, mostly si. 2.; to 1 .50 higher: fa.t cows and heifers, beef bulls, stockers and feeders 25c to 50c higher, some she eiocks gaining more; canners 25c higher. omgnas .c lower, calves steady. nogs tteceipts. 11.000. steady to strong. Top $14.4.; bulk all weights. $I3.5014,30 pigs. $2.50 lower. Bulk. $1011. '5. .Sheep Receipts 7000 head, bulk direct to packers: few sales choice' ewes. $7.50 choice bucks. $ti.25: throe loads feeding lambs. $1L50: compared with week ago. shorn lambs, $1 lower, in-between kinds off more. Best spring lambs 5c lower. Others oil more. bheep. $2a 2.50 lower. Kansas City Livestock Market. KANSAS ClTr", Mo.. June 0. Cattle Receipts 450; for week, beef steers and yearlings uneven. $1.001.50 higher; fat she stock. 25c:$1.00; southern steers. 50ti 75o higher; bulls and calves strong to cents higher; stockers and feeders 50j) iHS lower. . Sheen Receipts 500: for week, sheep si.uuqx l.ail lower: clipped lambs and year lings 50&75c lower; spring lambs dull. 45c nigner. Seattle Livestock Market. SEATTLE. Wash.. June 5. Hogs Re ceipts. none; market steady. Prime, $14.75 t15.2o; medium to choice. $13.7514.75 rough heavies, $12.7513.35; pigs, l-jj 13. Cattle Receipta none: market steady. Grain and pulp-fed beef steers. $ll.75 12.50: best grass-fed steers. $1111.75; medium to choice, 9(g 11; common to good, $7.50W10; cows and heifers. $9.75te 10.25; medium to choice, $8,756-9.75; common to good. $H.508.50; bulls, $67.50; calves, $7.50 615.50. JEWELERS WILL CONVENE BETA I IERS TO HOLD SESSIOXS IX CITY THIS WEEK. TAX EXEMPT t llJ, - THE BEST ' BONDS TMiJjj INVESTMENT Principal Address to Association Will Be on Research Work and Accounting System. ALBANY", Or.. June 5. (Special. The complete programme for the an nual convention of the Oregon Retail Jewelers' association, which will be held in Portland next Wednesday and Thursday, was announced today by F. M. French of this city, secretary- treasurer of the association. . The convention will be held in the Oregon building, at Filth and Oak streets.. and will be convened Wednes day morning at 10 o'clock by Royal M. Sawtelle of Pendleton, the presi dent. At the afternoon session, A. G, Clark of Portland will welcome the jewelers and F. M. French of Albany Fitting Your Purse and Purpose "UR great capacity as "the clearing- house for Northwestern Municipal bonds" enables us to provide just what the investor socks. Our lists carry bonds of long and short term maturities, various interest rates and at present low market prices. HIGH YIELDS . Our Service at .Your Command i CWTAL IOmcMiLOOM c7ierPremfercNuTVCtpatSondrhfous9 Morris 309-11 Stark St.. Brt, Tlfth said Sixth Telephone broad way 2151 INC trrasuwc OveaQuurrr Ctn-ruev offerings, causing a rally, later the market will respond. Frank Heitkemper of ran Into selling orders and dropped sharp- Portland will then present a paper, ly. but again rallied on buying which was The forenoon session Thursday will credited to a prominent local operator. . , KciM h Prices failed to hold, however, and the I '""" . close was at a loss of from fe cents to 1 fe inspection or Myers jewelry lac- cents from yesterday. We are of the De- i lorj . ai ins anernoon session uuq lief that the market will have a declln- I Hartman of Salem will present a lng tendency with the usual fluctuations. Oats Good buying by houses with east ern and northwest connections and offer ings not large when oats were wanted. Weather favorable for the crop. Cash oats steady and premiums strong at 20 cents paper. H. victor Wright of Los An geles, director of the research bureau of the American National Retail Jewelers' association, will then give the leading address of the cession over July for No. 2 white and 18 cents on research work and accounting sys- over for No. 3. The trade In range wa narrow. Heavier receipts of ' cash oats wilt be necessary to dislodge the large holdings of futures who seem to be firm ly entrenched for the time being. Leading tututes ranged as follows: CORN. High. 1.74fe 1.61 fe OATS .95fe Ofe July. . Sept. . July. . Sept. Open. 11.73 1.60 .Otfe iafe Low. $1.72 1.5Sfe .94 78',i Close. $1.73 1.60 .94 fe .78 fe tern. A banquet Thursday evening will conclude the session. The committee on arrangements consists entirely of Portland men and is composed of Carl Grevs, E. J. Jaeger, O. H. Mattern, Frank Heit kemper and Paul Feldenheimer. MESS PORK. Julv .-.3.73 33.73 33.63 33.75 Sept 34.0O 35.00 34.90 34.07 LA RD. Julv.... 20.R5 20.85 20.75 2O.R0 Sept.... 21.70 21.75 20.60 21.67 SHORT RIBS. Julv .... .... .... 18.22 Sept. 10.03 10.03 18.97 19.00 HERBERT SHIPLEY DIES Lockjaw 1-tal to Son of Pioneer of Clackamas County OREGON C1TT, Or., June 5. (Spe cial.) Herbert Shipley of Portland and son of H. T. Shipley, one of the prominent pioneers of Clackamas county, died at the Good Samaritan hospital, Portland. Friday evening from lockjaw. Mr. Shipley had been employed at the Multnomah Box fac tory for several years. He suffered a 1 blow on the head recently, and it is believed to have caused the malady He was confined in the hospital for two days. tie was born at Oswego 44 years ago. He is survived by his widow his lather, six sisters and two broth ers. The funeral services are to be eon- Barley, spot feed, $3.30'(r3.40 cental: wheat, ducted by Rev. Bowen of Rose City .?,7,Vr ' l' " """"I Park Episcopal church. Portland, at Hav Wholeaa.1 nricea in carload lots u ..ld., .u., v'asli prices were: Wheat No. 3 hard, $2.92; No. 5 north ern spring, 2.bo. Corn No. 2 mixed, $1.96; No. 2 yellow, Sl.lMi -!.;. Oats No. 2 whVte, $1.154; No. 3 yellow. .I..W1. !.,. Rye Not quoted. Barley $1.56. Timothy seed $106 12. Clover seed $254? 35. Pork Nominal. Lard $20.30. Ribs $17.50 ? 18.50. Grain at San Kranciscn. SAN FRANCISCO. June 5.- THE CANNERY appear from dealers' hay market For prices to charges of ctrUee, commission and han dlfnK must be added, according to condi tions: Fancy wheat hay, light five-wire bales, $38&41 per ton ; No. 1 wheat or wheat and oat hay. 38; do No. 2, :i'2fa, o5: choice tame oat hay. S7 jr 40; other tame oat hay, S:t3&.7; wild oat hay, nominal; barley hay, nominal; alfalfa hay, new, nominal; do old, $3032; stock hay. Sl!0r8s.. . Seattle Feed and Hay. SEATTLE, June 5. City delivery: Feed. ran Biers upon the Monday afternoon at 2:30 o'clock, ces to consumers I with interment at the family lot in the Oswego cemetery. STUDENT OFFICE FILLED Elect of University of Oregon Arc Installed. 24 LICENSESARE ISSUED ; Vancouver Gretna Green Does Rec ord Business for Year. VANCOUVER, 'Wash.. June 5. (Special.) Twenty-four marriage 11- mill. $52 per ton: scratch feed. $S9; feed I censes were issued here today, this Deing tne greatest numoer issued in any one day so far this year. This makes up for Thursday, when not one license was issued. Miss Dorothy M. Roub. 15 years old. of Ridgefield, Wash., was married to Elton J. Thurman, 26, also of Ridgefield. George O. Thomas, IS. and Frances I. Franklin, 18, both of La. Center, Wash., were married. Ralph Hascue. 41, of Independence, took as his bride Miss F. Merle erBOn,' 19, of Portland. LONDON. June 5. Bar silver. 56 '4 rer ounce. Mon-y o per cent. utscoun rates, short and three months bills, 6 3-8 and 6 13-16 per cent. Swift A Co. Stocks. Closing prices of Swift & Co. stocks at Chicago were reported by Overbeck sc Cooke company of Portland as follows: Swift Co in "4 Lilmy. McNeil & Libby 12i Katlnnal Leather 11W Swift International 37 HAND ARE INCREASED prinaa i:iuiit .i,- ..... mc I ...rile. 20l&30c per pound: ainarim, tu I . . u-.ui v. ii . . - . I:... m - nirvT-Bflcn .-uiniiu. . r. .muu, iu fancy graded, ll12c; green as- i . . for a water shortage necc3sitatlng the moving of stock are causing the stockm'-m to sell many of the older cattle, thus re ducing the number to be carried tnrougu. Arizona ranges near the Mexican border need rain. General rains over tne district would mainly be beneficial. Generally, stock Is reported in good con dition; all kinds are improving rapidly In Utah, and roundups are working in Ari zona. Shearing has been completed in many sections of Vtah and weather the past week was excellent for lambing. CTBE BUTTER MARKET IS STKADY 10c; paragus. 697c; green onions. 51.50&1.75 per box; celery, per crate. $24; fancy. by Federal Reserve Board. WASHINGTON. June 5. Combined re- $4,0046.00; peas, per pound. 304c; Half I sources and liabilities of federal reserve Moon bay. 41,4l6c; carrots, $2.503; beets, $4a6; peas, per pound. 2H&3i4c; Half Moon bay, 4tte: carrots, $2.a03: beets. $11.&0; summer squash, per crate. $1& banks at the close of business Friday were reported tonight by tne teaerat reserve board as follows: Resource -Egg Horn and From California Is Fsctoi Trade Slow. There was no change in the butter mar ket during the day. Cube extras selling readily at 40 centa A steadying influence was the presence of San Francisco buyers en the market. . Egg receipta were small and the de mand was light. Buyers offered S6 cents delivered for country shipments. Poultry arrivals continued heavy up to the close of the week and a number of roops of chickens had to be carried over. The market was weak at Friday's prices. Country dressed meats were unchanged. STRONG DEMAND FOR STRAWBERRIES Receipts Are Larger, bnt ' Supply Readily Absorbed. The supply of strawberries was larger yesterday, but not too heavy for the de mand. Clark seedlings sold at $6.507 sad locals at $5 6. Heavier arrivals can be looked for in the coming week Another car of cantaloupes arrived and they sold st a range of $7.50 9 a crate. The first car of watermelons will be in early in tne week. They will be quoted at a cents a pound crated. Another half cent advance in bananas was announced. .Unseed Oil and Turpentine Down. Linseed oil prices dec'.lned 13 cents a ga Ion. itaw ana in oarreis is now. Quoted at $1.S3. There was a 10 cent decline in Turpentine to $2.16 in tanks and $2.31 In cases. i Bank Clearing. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland ..$7,450,491 t 907.876 1.33; Italian. $1.4OS'1.60; turnips, $1,250 I Gold and silver certificates. . .$ 164,519,000 Gold settlement tuna, itobtiu reserve board Gold with foreign agencies.. Ttt e-old held bv banks. .$ 707.277.000 Gold with fed. reserve agents 1,1 10.864.O0O liolrf redemption iuna j..n.ow 1.50; green corn, 60 75c Frult Oranges. navels. $4(96.50, ac cording to size; a.enclas. $4. 50 5.50; lemons. $3.25o; grapefruit, $23.50; lemonettes, $2472.50; bananas, central American, 89c; Hawaiian, 10c per pound; pineapples, s-icjo-per dozen ; apples. New town Pippins. 3U-tier. $303.50: 4-tler. $3ffl'3.oo: 4-tter. 2.aoe2.i0; strawberries, Peninsula and WatsonvlIIe, 4043 60c per drawer for 8-oz. baskets; 75c$l.23 for 12- oz. baskets; apricots, per -pound, 6& 11c; extra fancy higher. $22.25 per. crate: extra fancy $3 : cherries. Purple Guls-ne 43L227.000 111.531.000 .$1,960,853,000 138.087.000 and Black Tartarians, 74nl4c per pound; I A" other $l.tiu'0 l.i, a orawer; rtoyai Ann, 7&15c figs, black. $2.25?2.50 . per box; white. Sl.50vl.To; raspberries, $3 per crate: gooseberries, per arawer, ooc: blackberries. $3 per crate: cantaloupes, standards, $6 T: ponies., $4.oO&o; flats, $2.2o; orange pack, $4i&4.60: -peaches, per box, $1.50 2; watermelons, per pound. 12He: logan berries. $11.15 per drawer; apples, new, $1.75s 2 per box. Receipts. Flour, 2030 quarters; wheat, 2400 centals; barley, 1301 centals: oats. 1259 centals: sppies. om poxes; oranges, 10O0 boxes; eggs, 67,480 dozen; butter, 604 centals. t.i.i old reserves... Legal tender notes, silver. etc. T.l riTM $2.09S.940.OOO -niiia .diovtuntftd. secured bv government war oougauon i.i.M.io.u.w 1.130. 843.000 Bills bought in open market; 410.6S8.OOO Total bills on hand .$2,974,046,000 U. S. government bonds 26.TWo.ooo TT. s. victory noipfl wt.vw it k ei-ttficates of indebted- 'ness 274.816.000 Naval Stores. SAVANNAH Ga.. June 5. Turpentine, firm. $1.65 l-r sales,- 8 barrels: re ceipta 1105 barrels; shipments. 283 barrels; stock 2140 barrela Rosin, firm; sales, na barrels; receipta 2644 barrels; shipments. 1614 barrels; stock. 14.518 barrels. Quote: B $12.50; D $16.25; B $16.50; F $16.50; O $16.50; H $16.50; I $t6.50; K $16.50: M $17.00; N $17.23; WO $17.50: WW $17.75. Eastern Dairy Frodnce. NEW TORK..June 5. Butter and eggs, unchanged.. CHICAGO. June Butter; higher. Creamer. 41 53c Eggs, lower; receipts 24.492 cases; firsts. 39S9Vtc; ordinary nrsts, ZiC36c: st mark, cases Included. 373S4c; storage packed extras. i- c; siorage packed firsts, 4iq41c. Dried Fruit at New Tork. ' NEW TORK, June 5 Evaporated apples, steady; prunes, quiet; peaches, steady. Total earning assets . Bank premises Uncollected items and other deductions .from gross de- Flve per cent redemption fund federal reserve oana notes. All other resources .$3,276,628,000 7S9.616.0OO 11.T45.000 6.640.000 UNIVERSITY OK OREGON. Eu gene, June 5. (Special.) Student body officers for the coming year were installed Thursday. Carleton Savage of Waconda was formally in stalled as president by Stanford An derson of Portland, retiring president. Other students who took the oath of office were: ' John Houston, Klamath Falls, vice- president: Lyle Bryeon, Kugene, secre tary; Hirry A. Smith. Eugene, editor of the Emerald; Raymond Vester, McMinn ville, business manager of the Emerald; Marc Latham, Bilverton. junior on ex ecutive council; Kate Chatburn, Bandon, Wanda Brown. Slay ton, Lelth Abbott. Ashland. Lyle Batholomew, fealcm. Don Davis. Nyssa. s.niors on -the council Wayne Akera. Wasco 'and Norton Win- nard. Eugene, Ruth Flegal. Eugene, Juniors on the council; Tom Wattera, Marrrmeia, sopnomore on me council; Everett Brandenburg. Bend. Silas Starr, n?il!as. and tilen Walkley, Eugene, mem bers of athletic ceuncil: Wanna MclCin- nev. Portland, editor of the Oregana: Warren Kays. Eugene, business manager of the Oregana; Claire Keeney, . bugene, yell leader. GIRL'S CAPTOR JAILED Laborer "Who Seized Roseburg Girl Get.s 50- Dajs. ROSEBURG, Or., June 5. (Special.) Carl Lang, a transient labor, was sentenced to 50 days In the city jail today for an attempted assault on Vivien Benson, a 16-year-old girl em ployed at a lodging houae. Lanir arrived in rtoseDurg last night from Redding and procured a room. While the girl was about her work he slipped up on her and seized her. She broke away and screamed for help, her aunt rushing to her rescue. Lang was arrested, pleaded guilty and got a jail sentence. He aflmits having been confined- to the eastern Washington insane hospital seven years ago. Total resources ....S6.1S5.5O9.000 Liabilities ranital naid in ...$ 94.1OS.OO0 Surplus - 120.120.000 Government deposits ........ 37.113.000 ti,,- ia members reserve ac count 1.S5S. 774.000 Deferred uaoimy nems ouj.ojtf.wu Other deDOSits. including for eign government credits.... 99.205.000 Total gross deposits. $2,506,791,000 Federal reserve notes in ac tual circulation 3,127.291,000 Federal reserve bank notes in circulation -net liabilities 181.252.0O0 All other liabilities. 25.947.0O0 Phone your want ads to The Orego nian. Main 7070, Automatic 560-9a. Total liabilities $6,105,509,000 "Ratio of total . reserves to net deposits and federal reserve note liabilities, 47.5 per cent. Ratio of gold reserves to federal re serve notes in circulation, after setting aside 35 per cent axainst net ueposit Ila bilitiea. 46.U per cent. SPECULATION IS AT LOW EBB Week's Trade In Stork Market Is Smallest for Teas, and Half. : NEW TORK," July 5. -The absolute un Importance of the week in the stock mar ket may be gauged from- the fact that wheat. $00: all-sraln chop. $80: oats. $i8; sprouting oats, $81; rolled oats, $0; whole corn, $S3; cracked corn. $85; rolled barley. S7S: clipped oaney. Hay, eastern Washington timothy mixed. $47 per ton; double compressed. $ol; al falfa, $46; straw, $18. Minneapolis Grain Market. MINNEAPOLIS. June 6. jBarley. $1.26 ri.&l; tlax. no. i. '.niu(ti.w. VACANCIES ARE SEVERAL W1L-SOX LIKELY TO MAKE CKSS APrOLNTMBXrs. n e- FIRES BEAT TIMBER CUT Principal Post to Be Filled Is That of Under Secretary of State Polk. WASHINGTON'. June 5. With number of offices and diplomatic posts now vacant or soon to be vacant, it is expected President Wilson will make a number of recess appoint ments after the adjournment of con gress. The principal post to be filled is that of under-secretary of state, from which office Frank L. Polk will retire June 15. It is understood that Xorman Davis. assistant secretary of the treasury, will receive the appointment- Under the merchant marine bill a new shipping board of seven mem bers will be appointed. The appointment of Henry Morgen thau to be ambassador to Mexico has not been confirmed by the senate. Four other diplomatic posts are va cant, the United! States being without minister to Bulgaria. Finland Greece and Honduras. Another nomi nation which the senate has again failed to act upon is that of John SkeJton Williams to be controller of the currency. Yearly Loss in State Is Declared in 1-ixcess of Output. THE DALLES. Or., June 5. (Spe cial.) "Timber destroyed in Oregon by fire is greater yearly In footage than the amount cut, declared T. H Scherrard, forest superintendent to the members of the local chamber of commerce at the Hotel Dalles banquet last night. He said that the state s lumber in dustries brought $205,000 into Oregon each day and that 2.000,000 feet of lumber were taken from Oregon for ests each year. The forests of this state hold tim ber which, if conserved, will supply the need indefinitely, but forest fires caused by carelessness are now de plcting it rapidly. 61 STUDENTS GRADUATE High RESORT CHEF IS MISSING Company Alleges Money Collected . . Also Has Disappeared. MARSHFIELD, Or., June 5. (Spe- ciaL) William Tyne, chef for the Idylwood summer resort, is missing and the opening ot the resort lor to morrow had to be postponed. The Coos Bay Motor works, where Tyne was employed, declares $40 he collected for the firm is also missing. Colncidentally with Tyne's departure, large quantities of provisions ordered for the Idylwood opening were turned back, but some spoiled, for lack-of care. - Fire Docs $300 Damage. Fire, which started in the rear of the lawn mower, and grinding shop of Frank Buerra, 937 North Jersey street, in St. Johns yesterday after noon, did about $500 damage before it was extinguished by the lire depart ment. It is believed, to have started I student activities. School Class at Vancouver Is Record One. VANCOUVER, Wash.. June 5.- (Special.) Rev. E. M. Hill will de liver the baccalaureate sermon to the graduating class of the Vancouver high school at the First Mthodist church tomorrow evening. A specia programme has been arranged by the Junior, class, members of which will act as ushers at the services. The graduates number 61. a record for the local high school. ' . Cattle Bring High Prices. VANCOUVER. Wash., June A Safe Investment Paying Large Profits we own and are operating; a large salmon, clam, beef, vegetable and berry cannery, a general store, hotel and water transportation business, all so strategically lo cated that we are without com petition. We buy our salmon, etc., at prices ranging from 40 to 60i of prices paid elsewhere. We expect to pack 25,000 cases of red sal moo this year and several thousand cases of the other prod ucts. We own the above named property and the fifty-three acres of land where the plant is located, free from all encumbrance. Ample insurance is carried to cover everything. Our new 65-ton boat will run between Grays Harbor and the Queets, time less than 8 hours, with a freight rate of $15 per ton each way. We have more than $50,000 worth of freight lined up or the boat this season. We are offering a block of our non-assessable treasury stock at 10c (par) a share in order to Taise the money needed to finish the payments on this new $20,000 boat. Our capitalization is only $100,000. Offi cers and directors all well known business men. We fully expect to pay our stockholders 50 or more every year on their investment. Company indorsed by Commercial Club and the banks. Any sum from $25 up may'be invested. Investigate this at once. The price of the stock will be advanced 100 or more within the next SO days. Send for circular. (It has full description and map). Queets Trading Co., Hoquiam, Wash. that the present masters of the two lodges are named Kelly. 1'ercy Ji. Kelly, circuit judge of the 3d judicial district, is master of the Albany lodge. and Mike Kelly, a prominent farmer residing near Jefferson, is master of that lodge in that city. KELSO SCHOOL YEAR ENDS Work Successfully Done in Spite of Snow and Influenza. CELSO. Wash.; June 5. (Special.) One of the most successful years in the history of the Kelso schools came to an end yesterday afternoon. In spite of the influenza epidemic and the snow and cold weather, all work was carried out successfully. The school .enrollment increased steadily throughout the year, and two and perhaps three additional teachers will be employed next year. super intendent Jones . ill again head the school next year, and more than half of the present staff of teachers will return. Lincoln Republicans to Meet. NEWPORT, Or.. June 5. (Special.) The Lincoln county republican com- ittee wilL meet at Newport Thurs day evening, June 10, when officers for the coming two years will be elected. A banquet at the Abbey house will precede the meeting. Les ter Martin is county chairman. Engagement to Be Announced. Mr. and Mrs. C. H. Bernstein will be at home today at their home, 772 Kverett street, to announce the en- G. P. MINIS FUNERAL HELD Medford Pays Tribute to Post master Body to Go East, MEDFORD, Or., June 5. (Special.) Medford paid its last tribute this I (Special.) At public auction a num fternoon to Colonel George P. Miras, I ber or registered fahorthom oattle postmaster of this city for the past 1 owned by N. C. Hall at Ridgefield four years, who -a ted suddenly last I were sold, tne average price being Wednesday, with a public funeral I $323.93. Fourteen cows brought $4550 held in the Elka temple, conducted by and eight bulls sold for $1825. an the Elks lodge. I average of $21'8. One heifer calf sold The Dostmasters of Jackson county lor iau. ine cheapest bull calf acted as honorary pallbearers at the I brought $12o, the highest $525. The funerai. Rev. William B. Hamilton I cheapest cow sold for $200 and the officiated. The body lay in etate in I best for $625. The entire herd brought the Elks temple until the funera.1. The n average ot $zxb each body was sent tonight to Newport, Tenn.. which was tne otrtnptace ana i xlle rjalles Students Oxlnate bovhood home of Colonel Minis. I THii UA-LLtiS, ur., June 5. (Spe cial 1 Thft 1 Q ll o.rB ti-itfi I,, rr nt... HUIMUK iS UUClM lb tLLUI LU Tne uallcs school was formally . I sent into tne world with Impressiv Portland Girls Rank Among High est In Scholarship at .Oregon ceremonies in the high school audi torium last night. The 16 boys and 19 girls occupied seats on the plat form. The address to graduates was UNIVERSITY OF OREGON, Eugene, I delivered by Dr. Joseph Gilbert. pro- June 5. (Special.) Thirteen mem-j fessor of economics. University tof bers or tne senior cmas anu mrcc di i vi ctvii the junior class or the University of German Municipal Bonds! Municipal Bonds have always been considered one of the safest, if not the safest, investment to be had. We offer Bonds of the largest and most progressive cities in Germany at a small part of their normal value. Not only are these Bonds safeguarded to an unusual degree, but they also offer a won derful opportunity for specula tion in German money, which, in our opinion, must come back eventually, and which has, in fact, already more than doubled in value in the last few weeks. We offer these bonds at the low est prices that they can be de livered. Get Our Quotations on Bonds and Marks Transatlantic Estates & Credit Co., Inc. 222 Chamber of Commerce BIdg. Marshall 205 dealings amounted to the smallest total from spontaneous combustion. Oregon have been elected to member ship in the University Honor society, which hopes to become a chapter of Phi Beta Kappa, national honorary scholarship fraternity. Those select ed, are leaders In scholarship and in Luceil Morrow. Portland. Grace Jefferson Lodge Pays' Visit. ALBANY. Or.. June 5. (Special.) The Masonic lodge at Jefferson vis ited the Albany lodge last evening and conferred the Master Mason de gree. A banquet followed. A coin cidence developed at the meeting, in ' y High Class Investment A limited amount of stock in an established big dividend paying corporation with a future of pro duction and market unlimited. In vestment safeguarded by assets a hundredfold. Money desired for enormously profitable immediate expansion. Will stand the acid test of conservative banking investiga tion. Don't answer unless you ex pect to invest if it is a cinch. Ad dress t. 1.1. OlO, lOrilUDU, Max Gorfkle of Pendleton. The hours are 3 to 5 and 7 to 10 P. MV Belgian Loan Oversubscribed Anticipating oversubscription we subscribed for a large tmount for our own account, and while any of our allotment is available we will protect orders at original price of 97.25 and accrued interest to yield 7.95r' to 24.89Se, according to year re deemed. These bonds are to be redeemed by drawings at 113 In amounts of not less than $2,000, 000 annually. Denomination. $S00. $1000. Dated June 1, 1920. Due June 1. 1945. Payable at 115 in U. -S. Gold Coin in New York, free from any Belgian taxes, pres ent or future. Price for 7,4'"i bonds 97'i and accrued interest to yield not less than 7.95 and up to 2I.89Ci. Wire orders "collect Scoo Ftoo5??' Main 6-4-A NOrrWWESTERN BANK BLOfi. IPG OVERBECK & COOKE CO. Brskers. Stocks, Bonds. Cottea, Grain. Etc II6-SIT BOAKD OF TRADE BLJDQ, UEuBEBil CHICAGO BOAKD " Of IKAOS MEMBERS Csrresponrtents ef Lorsa Bryan, Chicago and Mew Xerk. Kew Tork Stock Kirhsngs. Chicago Stock Exchanars. Bostor dck Bxcbanca, Cbkra -jT-sa Trade. New Vbrk Oottes) Exchange. Kew Orleans Cotton Exchange. Kew Tork Coffee Exchange. Kew York Prodoca Exchange. Liverpool Cotton Association. Executive Position Desired 'Young man. employed, wishes to make a permanent connection with a progressive bank or commercial hntiKe. Widelv experienced in al v. . . V, l- nf hankinir Hnrl finnnfe well acquainted with modern business principles and methods both domestic and foreign, a com petent analyst and statistician, in close touch with banks and con ditions throughout Oregon, and a careful student of commercial an inHiislrial uffairfi SLnti I.cIhIu linr. he is exceptionally well quailtied by training and experience as a financial executive. Address, A J 452, Oregonian. STOCKS GRAIN ' COTTON tatocks Listed New York Stock Exchange) Reduced Commissions Small Deposits Chas. R. Mclsln Brokerage Co.. DESVEK, COLO. ALLEN BROS. CO tl. ImmtMtr mt Commrre BIdg. l'ortlttnd Corral onUe at v