The Sunday Oregonian. (Portland, Ore.) 1881-current, June 13, 1920, SECTION TWO, Image 45

The Sunday Oregonian., June 13, 1920, SECTION TWO, Page 21, Image 45

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Newspaper Page TextTHE SUNDAY OREGONIAX, PORTLAND, JUNE 13, 1920 21 COAST WHEAT CROP MAKES GOOD GROWTH Harvesting Has Started Parts of California. in demand slow. The surplus that has ac cumulated during the last few days was shipped out of town. Butter was also steady, with the supply and demand about equal. The best cubes moved at- 49 cents. Poultry receipts have been large for sev eral days and the market closed very weak. Country dressed meats were unchanged. NORTHWEST OUTLOOK FINE Winter Grain Is Filling Well ana Spring-Sown Crop Has Been Given Excellent Start. The wheat crop Is makins very good Trogrc throughout the Pacific coast. Harvesting has started in the early sec tions of California and in the northwest the rains and warm weather have stimu lated growth and .winter wheat, rye and nar'.ey ar. filling well. Some injury was done in Idaho during the week by frost. Spring wheat generally is doing we.1 and has received a good start in tms sta.e. is still l" In Arizona seed- Washington- Incr weather. Winter hradinu out short in mi in others it has not yet wreat i backward. Idahc district hut in Washington It -M-,l cunn:i. fitaze. ing of wheat and oats Is under wiy. planting is nearly finished In Oregon. In Utah this crop is late but promising, and Jn California the growth was rapid the pnst week. Cereal crop conditions in the Pacific coast district- are reported In de tail by the weather bureau as follows: Oregon Winter wheat, rye and barley .re filling In the milder sections. Corn planting fs nearlng completion. Some clover is cut. yield light. First crop cf alfalfa rut in southern counties and reacy tor cutting in some eastern counties. A week 01 goou heat has oeen localities while slooiea. fapring Oats are wrowlng nicely in northwestern counties. Killing frost in Jaano r.. damaged wheat and alfalfa. Uesicc-atlns winds carried on mu- . moisture. Rain generally needed. AH cereals made good growth. Alfalfa com- i weatber favorable for havintr and rapid growth of corn. Har vesting wheat has commenced; some .i . .... ninrhed on account of llttfl .iaiiis " , drc weather. Arimna-Absence of rain Is favor able for crain and alfalfa harvest, also seeding nf oats and wheat. iTtxh (Tods made excellent growth tlu.utrh the season is slightly backward in r.rtt.ern localities. Drying winds depleted Alfalfa cutting is fairly nrral thounh crop Is Immature on -- F unouil lni hjV StlOrtai,". i'.ilt Is heading in southern counties Winter wheat is good to excellent. -.,. .. rinine wall. Corn is late, but yiomislng. Nevada Dry weather with temperature was favorable for wheat, cats and barley. EC crunt ryft moderate Brisk Demand for Berrien. The strawberry supply was better than on Friday, but there was a first-class de mand and even the late receipts cleaned up well. Locals sold at 4 &$4.S0 . and Clark Seedlings from Columbia river points brought $..255.50. other xruits moved slowly and tne vege table trade was not brisk. With settled weather, a healthier business is expected in the coming week. PORTLAND MARKET QUOTATIONS Crain, Hour, Feed. Etc. Noon session, Merchants' Exchange. Bid June. July. .$09.00 $00.00 os.oo 65.00 77.00 53.75 74.50 O5.00 04.00 75.00 54.00 Oats No. 3 white feed Barley No. IS blue ............. Standard feed .......... . Corn No. 3 yellow Millrun KaBtern grain in bulk: Corn No. 3 yellow WHEAT Club, $2.80; hard -wheat. $2.85. KLUUK Family patents, $13.75; bakers' hard wheat, $13.70; best bakers' patents. $13.75; pastry flour, $11.80; graham. $11.00; whole wheat, $11. So. M1LLFEED Prices f. o. b. mill: Mill run, $o4t&50 per ton; rolled barley, $i3ctf 74; rolled oats. $74 To; scratch feed, $00g'0L CORN Whole, $S283; cracked, $84085 per ton. HAY Buying price, f. o. b. Portland: Alfalfa, $35; cheat, $25; valley timothy, $35&36. - SHORTS RUSH TO COVER RVIX5K IX CRUCIBLE STEEL CARRIES CP INDUSTRIALS. TKXAS WOOl MEN ASK FOR Hfcl-F Appeal it Made to Reserve Board to Tide Industry Over Kniergenry Assorting that ther are more than 1R iiiiii iiim rtnunda of wool and mohair stored in warehouses In Texas, valued at approximately $11,000,000. for which there Is no market at this time, the eaera jleserve bank is appealed to in a resolu hop adopted at a meeting of reprasenta fives of bankers, warehousemen and wool growers held at San Antonio, to come to the rallef of the industry in order tnai tliri producers "may not be compelled to cell during the present money stringency." A pproximately 50 men closely identified with the industry attended the meet ins. The wool men declared that unless finan cial aid was obtained to enable them to tide over the present emergency result ing; from tha order to tha Fe4eal Re serve banks restricting nioVey credi'a in an r effort to deflate prices, that the grrowers would bo t arced to throw their wool on the market to meet loans ma turing at thi time, and that such a course would spell little short of a dis aster to the industry. The wool now in storage represents the en tire spring ciip. Advances have been made on all of this wool by banks and warehouse companies, it is pointed out. These loans are now failing due and must be met. Mi Uh. they say, are virtually out of t he market at present, owing to the tightness of money, and unless some means are found of tiding tho growers over the present emergency they will be forced to take losses that will be ruinous to the industry The situation, the woo! men point out. Is further complicated by the congestion of ra 11 road traffic all ovr the country. They contend that e en though the mills were willing to take their wool, they wouid be unable to Kt it to market owin.; to the inability of the rail road a to novo the clip to market TIIREK HVNDKEl) TONS CORN SOLD Local led (.rain Market Closes About Steady Wheat In Iull Tho coarse grain market closed fairly tady. At the merchants exchange 'Ji0 ions of corn for J uly delivery were sold at $7r. r0, an advance of 50 cents, and 1O0 tons of corn for Juno shipment at $74. AO, a decline of 50 cents from the pre vious day's bids. White feed oats and blue barley were unchanged on the board and bids for food barley ranged from un changed to 50 cents lower. Weatlftir conditions in the middle west, ss wired from Chicago: "Generally clear and warm, only scattered showers reported in the northwest. Forecast All states continued warm and generally fair. John Ingles Bays: "Southwestern JIU.sourl and southeastern Kansas wheat fields are thin and spotted but will yield above expectations, as the cars are large. Three mesh filling up plump; weather hot early, oats good, late thin and weedy, heading short. Lincoln, Neb., elevators are refusing to lake corn, from farmers as the elevators are filled. Car situation is the best yet. Farmers are anxious to move grain. Terminal receipts. In cars, were reported by the merchants exchange as follows Portland WhL Bar. Flour. Oats. Hay Dairy and Country Prod nee. BUTTER Cubes, extras, 49c per pound; prints, parchment wrappers, box lots, 64c per pound ; cartons, 55c; half boxes, Vic more; less than half boxes, lc more; but- terfat, No. 1, 51 52c per pound at sta tions; Portland delivery, 6oc. BUGS buying price, current receipts, 37c. Jobbing prices to retailers: Candled 41c; select, -iiic. CHEKSK Tillamook, f. o. b. Tillamook: Triplets, lltic; Young America, i"ic; long horns, 29c. Coos and Curry, f. o. b. Myrtle Point: Triplets, 31c; Young America, 3:JVic per pound. POULTRY' Hens. 2032fic: broilers 1 S (or 30c: ducks, 40 & 50c: eeese. nominal tur keys, nominal, VEAL Fancy, 18 & 19c per pound. PORK. Fancy. Oc per pound. Fruits and Vegetables. FRCITS Oranges, $6.25; lemons, ' $5.25 &6.00 per box; grapefruit, $4.5ofy J.50 per box ; bananas, 11 & 1 2c Der pound : arjDles. $3.25(34 per box; strawberries, Oregon, 54& (gr.s.oO per crate; cantaloupes, $4v5.o0 per crate; cherries, 3520c per pound; goose berries, 8c per pound; watermelons, 5c per pound; apricots, $2.75 per crate. VEGKTABLES Cabbage. 35c per pound; lettuce, $22.75 per crate; cu cumbers, $1(2.50 per dozen; carrots, $4 4.50 per sack; horseradish, 25c per pound; garlic, 40 50c; tomatoes, $2.25t&'2.50 per box ; artichokes. $1.51) per dozen ; spinach. tiijaiUe per pound; rhubarb, 3 ft tic- per pound; peas, 10 12c per pound; a.sparagua, $l.75& 2.50 per box ; beans, 15 17 Vic per pound ; eggplant, 2530c per pound. POTATOKS Oregons, SlKfrll per sack; Takimas, $10 if? 11 ; new California, 11 14c per pound. ONIONS Crystal wax, $2 per crate; red, $2.50 per suck. Staple Groceries. Local jobbing quotations: SUGAR Sack basis: Cane, granulated. 24 c per pound ; extra O, 24.35c; golden C, 24 Vic; yellow D, 24.15c; cubes, in bar rels, 25.ti0c HONEY New, $7 7.50 case. NUTS Walnuts, 2ti$j'3ic; Brazil ruts, 35c; filberts, 35c; almonds, 3S3S"c; pea nuts, 16jg 16Vfec; cocoanuts. $2 per dozen. SALT Half ground, 100c, $11.25 per ton; 50s. $18.75 per ton; dairy, $27.75 per ton. RICK Blue Rose, 15 c per pound. BEANS Small white, 7c; large white, 7&c; pink. 15ic; liina. per pound; bayous, llVic; Mexican reds, lc per pound. COFFEE Roasted, in drums, liM&oOc Provisions. Local jobbing quotations: HAMS Ail sizes, 414445c; skinned, 40& 44c; plcinic, Gc; cottage, 35c. LARD -Tierce basis, 25c; shortening 23 Vie per pound. DRY SALT Short, clear backs. 25 29c per pound; plates, 23c. BACON fcancy, 4U(tf57c; standard, 36 7c pus pound. Hides and Frlti. HIDES No. 1 sal, cured hidts, under 45 bs., 1 Ctc ; No. 1 salt cured hides over 45 bs., 14c; No. 1 salt cured bull hides. 14c paitly cured hides, lc per pound less; green nio.es, per pound less; hair slipped hides, one-thud less than No. 1; No. 1 trimtntd calf skins, up to 15 lbs., 30c; No. 1 trimmed kip skins, J . to 30 lbs.. 20c; hair slipped skins, one-th:rd lesa than No. 1; dry lint mats, i i us. ana up. 2jc; dry flint buils. :; dry flint calf skins, under 7 lb&.. 35c ; dry salt hides, 7 lbs. and up, 20c; dry salt nulls, lie; dry salt uaif skins, under 7 lbs due; ary cull hides and skins, halt price; horse niaes, green or salted. large, $0 50; pony and small hides, ?;f..50; dry horse hides, $1.501 $3; hide with heads ot f. oc less. PELTS Dry pelts, fine and medium long wool, 20c; dry pelt 3, coarse, Jong wool, 1JC. Tone of Market at Close Is Heavy. Hill Railway Stocks Are Un- der Selling Pressure. NEW YORK, June 12. Today's short session of the stock market opened with an Irregular advance under lead of se lected issues, but prices sold off sharply in some cases before the close, when rails were subjected to renewed pressure. Shorts received another drubbing; ' in Crucible Steel, which held-all but a small traction of its seven-point rise. Selling of rail stocks centered In the Hill division. Great Northern making an extreme decline of almost five points and Northern Pacific falling rour. Half-way recoveries followed, but the entire list re flected this unsettlement, standard stocks being atfe.-ted to a greater extent than ?,ilf.cui?t've lsaaes- Sales amounted to 300. 000 shares. Directors of the Great Northern and ? Je:r1JPaciflc roada r scheduled to hold dividend meetings next week and ru mors, with the recent Chicago &i North western episode in mind, persist that tempTafed" "e " n" bth rad3 are con The clearing house statement presented nZjt .Urcs of interest, actual loans again contracting moderately, with an increase loLi 1 9-".0' in reserves, lifilng the local excess slightly over 3S.00O,000 CLOSING STOCK QUOTATIONS. Am Beet Sug. Am Can Am Car & Kdv Am Inter Corp Am Loco Am ijm fe Hig Am Sugar . . .'. Am Sum Tob Am Tel & 'j el Am Tob Sec. Am Woolen . Am Z L. & Srri Anaconda Cop Lt-iu&on ..... U & W I s Baldwin Loco Halt & Ohio. . Beth Steel B.. Caiif Petrol . . Canadian Par Cent Leather. hand -Motor. 'hes & Ohio., hi M & St P Chi & N v . .. Chi K I & F'ac hino Conuer. Coi Fu & Iron . orn Products 'rucible Siee!. libit L'anu Suit Krie l Kiectric. . Gen Motors . . Gt No pfd .... tit No Ore ctfs llinois Central nspir Copper, nt M M pid . . riter Nu-kel.. liter I'iier . Kennecott Cop l.ouia e .xasn. Mexican Petrol Miami Copper. Mid ttau-s oil Midvaie Steel. Missouri Pac N Y Central . . N Y N H & H Norf & West.. Northern Pac. Ohio Cits Gas. Ok Prd & Kfg. Pan-A ni I'et . . Pennsylvania . Pitta & W a. Pay Con Cop. Heading lteo lr & Steel Koyal Dutch .. Shell T &. T. .. Sin Oil & P.fg. Southern Pac. Southern Ky .. S O of X J pfd Studebukcr Co Fexas Co Texas & Pac. Tobacco Prods Transcont Oil. I'nion Pacific U S Fd Prods. V S Ind Alco. U S P.etl Strs. U S liubber . .. V S Steel I'tah Copper. . Westing Klect Willys-Overlnd U S 2s reg. .. .'lno do coupon ..loo U S 4s reg. . . .14 do coupon ..1(14 Pan Ss reg T7 do coupon . ..7 Annlo-Fr 5s A T & T cv 6s : a ten gen 4a . . . i-Vt Hops, Wool, tc. HOPS 1319 crop. $1 per pound: 1920 contracts, tc; three-year contracts, 45c average. MOHAIR Long staple. 35c per pound TALLOW No. 1, UI0c per pound; No. c. CASCARA BARK Per pound, old peel, 12c: new peel, 10c per pound. WOOL Kastern Oregon, fine. 5054c: valley, medium, - 35c per t-ound; vailey, coarse, 20c per pound. GRAIN BAGS Carlota. 21c pound. Oils. LINSEED OIL lw, Barrels. SI. 83: raw drums. SI. 90; raw. cases, $1.9S; boiled, barrels, SI. So; boiled, drums, $1.92; boiled. cases, s. TURrENTINK Tanks, SZ 16: cases. COAL nib iron barrels, HM017c cases. ZSc. GASOiLlNE Iron bsrrels. 25c; tank wagons, L'ftc; cases, 3hc. I'UliiL OIL Bulk, S2 10 Her barreL June 12.- -Turpentine SAVANNAH, Ga. Steady. Rosin Firm. Quote: Ti. $12. 40; T J1665; E. F, G. H. I. S 1 )i fir. Ji 1 H.r : K Sl.75(a 16.!.i ; M, S16.S.M?! 17.0": N. Jlti.bo r17.ao; G, l7.oil; WW, S17.73 New "York Dairy Produce. NEW YORK. June 12. Butter Steady extras, D.ic; firsts, ttl r0 c Lgga Irregular; unchanged. New York Bar Silver. NEW YORK. June 12. Bar silver, DOc Mexican dollars, tb-sc Dried T'ruit at New York. NEW YORK. June 12. Evaporated apples, dull. Prunes, unsettled. Peaches, steady. t. , Last Sales. High. Low. Saie. 200 yi "91 ui i.;;o 41 4u?i 4ir 1,400 145S, Hi 143 3,2(10 ivS'i' Si '.4 S8 4.4O0 Ji.j 0S USV S00 61 , 60 tm 607, 700 125 V 125 125 20U Ml S 100 94. j14 a4 1.40O 58 Va 56 56 -.400 103 'M 1011 lOOii 400 14', 14 14 1.2UO 57 S, 56 Vi i7" 0O0 70 70 79 200 165' 165 lur.i 22,4.10 1201, US Ha' 4O0 31", 31 31 4. Sou 9S1, 24 93 o'Hj -SO'i 30 hi 30 V 200 1134 113',. 113. l,li0 69'A 67H 6!5i. 1.4.J0 103 Vi 102,-j 103 3O0 52 61 51 40O 31 31W 700 70. 70 70 1.20(1 36). 35 36U 2(H) 16-H, 16 16 600 34 34 34 2,41)11 95 94 U4 H 16.40O 153 14S 152 V- 3.M0 51 Vi 51 '4 Site 1.0OO 12 -IIS, 11 40(1 142'i 142'4 142!c 12..;oO 25 U 25 25', 3,(ioii 69 65 67 '.i 500 36 3.- SStj 10(1 Sli SI. SI'S, S.O.'O .-,:;., 5-J 52)4 2,600 90 89 ' J.9U fcotl lis 17?, 17 1.000 7S 76 V. 77 2oo 27 Vj 27, . 27 loo 47 Vi 47-a 47 - 6.9(io ls. ISOJfc 182'i 200 20 Vi 20',, 20 Vs 5,101) 3d 2!' 30 1.2O0 44 4.1-4, 44 1.2(10 25 - 24 24 2,300 6S'i 67!-i 67',, 6O0 29 28 1, 29 2110 8 S5 85 21(0 71 66 67 1.6(10 SSj, 3S',3 8 KIO 4 -4 4 'I ll.ooo l4 lo:; 10:1 SOO 39 3S 3S 2()l 2SVi 27 27 100 17 17 17 2.2O0 85 S4 84 6.200 94 93 94 600 116 115 115 20O 75 75 75 3.400 32 32 32 1,900 92 92 92 1.20O 23 23 23 1.20O 101 191 1(11 9.600 72 70 71 4.800 4S 48 4S 6IIO 41 40 40 40O 71 70 70 80O 14 14 14 4DO 114 112'. 113 1.000 66 65 65 4.200 90 . SS 89 2,6(10 83 81 81 2.4(10 97 95 i6 16.000 95 94 94 V- 4O0 70 70 70 1.O0O 51) 50 50 5.000 20 19 19 BONDS. and federal reserve note liabilities com bined. 43 per cent. Ratiiy of gold reserves to federal reserve notes in circulation after setting aside 33 per cent against net deposit liabilities, 4i.5 per cent. CHICAGO INTRBSTS WALL STREET Vsoal Market Factor Are Ignored by Traders During; Week. NEW YORK, June 12. Circumstances which ordinarily influence the course of the securities market were ignored this week in the absorbing interest manifested by the fnanclal community in the repub lican -national convention. The result of the balloting at Chicago was still very much in doubt at the clote of the final session of the exchange. There was lively and con-flicting discussion in banking circles, however, regarding the policies enunciated in the platform. Financial and commercial conditions In dicated the country was continuing to ad just its affairs to high money rates and loan Yeductions, although much remains to be accomplished in the latter quarter, according to statements of federal re serve authorities. Further restrictions were Imposed upon luxury" credits, but in the more essen tial lines of trade and Industry some ease ment of funds was reported, with conse quent diminution of the price-slashing campaign. The most significant event bearing upon existing conditions was the reduction of dividends of Chicago & Northwestern raii way common and preferred shares, fol lowed by a $15,000,000 bond offering. It is widely .believed other representative roads may ' deem it advisable to adopt a similar policy. Better transportation conditions fol lowed the further lifting of the freight embargo. Large quantities of grain were moved to market and the iron industry benefited substantially from the same cause. Liberty bonds and victory notes were under renewed pressure, probably because of the advance of rediscounts. The strength of British exchange was commonly as cribed, in the absence of more definite reasons, to prospects of further gold ex ports to this country. 8.1N FRANCISCO Prices PBODICE MARKET Vegetables Fresh D & K .G con 4s. 62 NYC deb 6s. N P 4s N P 3s Pac T & T 5s . . Pa con 4 s . . . S P cv 5s 99 So Ry 5s C P 4S U S Steel Os. . . . R7 . 75 . f2 . 79 .84 . 95 '. 90 OATS TRADE IS ACTIVE MARKET OPENS HIGHER, BUT CliOSES AT DECLINE. Bid. timing Stocks at Boston. BOSTON. June 12. Closing quotations: ... 30 i.Mohawk 61 10'iiNorth Butte ... 17 57'-iOld Dom 26 320 Osceola 39 11!Quincy 50 3S Superior 4 i 12pup c Boston... 3 7 i I'tah Con 6 y. 20 (Wolverine ..... 16 Aliouez A riz Com . . . Calu & Ariz. . Calu & Hecla Centennial . . Cop Rj.riKe . . Kast Butte . Franklin .... isle Royalle . Saturday 52 , . . . .... a Y'ear ago 13.... 5.... 11 Total this week.. 2SH 2 44 27 23 Year ago -. 69 7 61) 11 27 Season to date... 0126 196 3973 568 2259 Year ago 7570 1111 2850 778 8220 Tacoma , Friday 31 7 Year ago 11 i j Season to date 7250 107 3268 1R0 843 Var ago 547 7 49 .... 201 1234 Seattle Friday 13 .... 1 1 . Y'ear ago 15 . l 10 1 Season to date... 6449 253 1199 656 1234 Year ago 5441 104 1740 633 2574 Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland $7.8(15.917 $1,294,696 Seattle 7.501. 3S.1 1,58.078 Tacoma 1.151. 5O0 1S6.576 Spokane 2.516.954 900.019 Clearings of Portland, Seattle and Tacoma for the past week and corre sponding week in former years were: Portland. Seattle. Tacoma .$"5,864,903 $10,248,915 $5,841 463 w,H I 8. i 61 1920.. 1919. . 1018. . 1917.. 191(1.. 1915.. 191 4. . 1913.. 1912.. 191 I. . 1010. . 3O.906.82 24.183.194 17.950,77 12.823.164 ll.no3.nim 3 o, 723. 362 1 1,467.581 10,576.084 9.973.166 10,155.721 38.722,1 12 24.953.212 15.70(1.486 11.406.980 12.798,747 12,843.98 1 1. 513. 253 9. .".85, 8((6 1 1. 24 1. 083 5.345.450 4.946.356 3.546.660 2. .138. 391 1.625.879 2.3(13.736 2.8 i9,l90 4.7S6.301 3.919,139 5.640,422 Egg, and Butter Steady. The egg market closed uncuanged. Re- ccipiB were of moderate size and the local Astoria Is Enjoiii-ed. ASTORIA. Or., June 12. (Special A suit asking that the city of As toria and the street committee of the common council be enjoined from awarding a contract to John Slottl for the improvement of Eighth street between Irving and Niagara avenues was filed in the circuit court this af ternoon by L. B. Tennant, E. G. Kay and V. A. Eigner. The complaint avers there were several irregularl-, ties in the council proceedings lead ing up to authorization of the con tract, but the principal contention is that the price of $26,S98 is excessive compared witb the character of the improvement. In the absence of Judge Eakin, County Judge Cornelius signed the temporary injunction as requested. Money, Kxchange, Et. NEW YORK, June 12. Mercantile paper. 7 per cent. Exchange heavy; sterling 60-day bill?. $3.86; commercial 60-day bills on banks. $3.88: commercial (id-day bills, $3.87 : demand. $3.92; cables, $3 93. Francs. demand. 7.52c; cables, 7.54c. Belgian francs, demand. 8.01c; cables. 8.03c. Guil ders, demand, 36.25c: cables, 36.27c. Lire, demand. 5.4 Lc; cables, 5.43c. Marks, de mand. 2.51c; cables- 2.53c. New Y'ork ex change on Montreal, 12 per cent discount. Liberty Bond Closing Price. NEW YORK, June 12. Liberty bond final prices were: 3s. $92: first 4s. S85.70; second 4s. $84.50; first 4 lis, $85.54; second 4 a, $84.89; third 4s. $88.74; fourth 4s, $s.',.4; Victory 3s. $95.06; Victory 4s, $95.92. Swift Co. Storks. Closing prices of Swift & Co. stocks at Chicago were reported by Overbeck A Cooke company of Portland as follows: Snift & Co 109 Libby. McNeil Libby 15 National Leather 11 Swift International 36 Chicago Dairy Produce. CHICAGO, June 12. Butter, unchanged. Egiis, hicber; receipts. 23,015 caseB: firsts, 38U39'-c; ordinary ursts, 34 (a 35Ve; at mark, cases included, 36ftf3Sc; storage packed extras. 42&43c; storage packed firsts. 41 fg 4214c. Poultry Jtlive. lower; fowls. 30c. UKCKEASb, IN BILLS ON HAND Reduction of Nearly Fifty Millions Is Re ported by Federal Reserve Board. WASHINGTON. June 12. Combined re sources and liabilities of the federal re serve banks at the close ot business Fri day were announced tonight by the fed eral reserve board as follows: Resources Gold and gold certificates. ..$ 168.103,000 Gold settlement fund, federal reserve board 431,005, 0()0 Gold with foreign agencies.. 111,531.000 Current on Fruit". Etc., at Bay City. SAN FRANCISCO, June 12. Butter Extra grade, 57c; extra firsts, 55c. Eggs Fresh extras. 47c; firsts, nom inal; extra pullets. 4(c; undersized, 34c. Cheese Old style California flats, fancy, 31 c; firsts, nominal; Young Americas, 20c. Vegetables Beans, 69c per pound; bell peppers. 15fe25c for large size: Chile, 20fni30c; tomatoes, southern California fancy. $1 it 1.50: potatoes, old crop, 9 10c per pound; new white, SSc per pound; do Garnets. 78c: onions. Crystal White. 75c(&'$l per crate; new red. $l.o0r3l.7.; Australian brown, per contal. $6.50ir7: cucumbers, natural growth, $1.50(1.75; hothouse. $2(Jr$2.50; garlic. 20'(i30c per pound; asparagus. 7 Sc; fancy graded, 9fylle; green aspara gus. 7(3'8c; green onions. $1.50(B11.75 per box: celery, per crate. $2(ir4; fancy. $4 &6; peas, per pound. 3ra;4c; Half Moon bay, 4&,6c; carrots, $2.503; beets, $4 (tr6; summer squash, per crate, $l'ri)1.35; Italian, 75c'&$l; turnips, $1.25(1.50; green corn. 50 ti 75c dozen. Fruit Strawberries, 8-o'Z. baskets. 60r? 90c per drawer; 12-oz. baskets, 75c$l per drawer;; raspberries, $2'&'2.25 per crate: blackberries. 75cCy$l per drawer; loganberries, 75ct&$l per drawer; oranges, navels. $4&6.25, according to the size; Valencias, $4.5(iri5.25; lemons. $3.25fa5; grapefruit. $2.50(8,3.50; lemonettes, $2.00 J7!2.50; bananas, Central Americans, 9) lOc: Hawaiian, lOfcllc pound: pineapples, $4$r6 per dozen; apples, Newtown Pip pins. 3-tier. $3'!il3.50; 4-tler, $3350; 4-tier.e $2.50'a) 2.75 ; New Astrakan, $3 per box; apricots, per pound, otaSc; per crate, $1.25Ca, 1.50; cherries. black. 7 12c per pound; $1.50ttl.75 a drawer. Royal Anns, S's'14c; soft white, 587c: cantaloupes, standards, $4'fc:$4.5u; ponies. $37 3.50; do. flats. $2'-i4.50; peaches. $1.50 ft 1.75 per box; $1.85iSi2 per crate; $1.83 j?2.25 per Los Angeles lug; $22.50 per basket; plums, $1.75(Ti2 per Los Angeles lug: rhubarb, $1.75(6,2.25 per box; musk melons, $5 per crate. Receipts: Flour, 3240 quarters; wheat, 3060 centals: beans. 783 sacks: corn, 100 centals: potatoes. 818 sacks: onions, 637 sacks; hay, 163 tons; eggs, 100,530 dozen: hides, 34; oranges, 1000 boxes. NO TRADING AT LOCAL STOCKYARDS Uogs Higher and Sheep and Lambs Lower Than at Close of Previous Week. Trading for the week at the stockyards came to an end on Friday. Only one car, containing 59 sheep and two hogs, was received yesterday, and no sales were re ported in the half day the yards were open. As compared with prices at he close or the previous week, cattle are un changed, hogs are 50 cents higher, lambs, wethers and ewes 50 cents lower and year lings $1 lower. Livestock prices at the Portland stock yards were as follows: Cattle Grain and pulp-fed steers ... .$1 1.75 'd1 12.25 Choice grass steels 1 l.(HKn' 1 1.50 Good to choice steers 1 0.50 &, 1 1.00 Medium to good steers 9.50)ul0.50 Common to fair steers 7.751!' 8.5() Choice cows and heifers 9, 75-10. 25 Good to choice cows, h.-'ifers. 8.75JS 9.75 Medium to good cows, heifers. 7.75'ft 8.75 Fair to medium cows, heifers. 6. 75111 7.T5 Cannars alOW 6.00 Bulls 6.00 48 8.50 Prime light calves 12.O0'trl3.5O Medium to light calves 8 O0 1 1.00 Heavy calves 6.00& 8.50 HnK9 Prime mixed . 1 S.OOrS: 1 5 50 'ledium mixed . 1 4.50'hi 15.00 smooth heavy 11.00113.50 Rough .heavy 1 o.ooir 1 1.00 Pigs 11. 00413.50 Sheep Lambs 11 5n 12 00 Cull lambs 8.001 10 OO Yearlings 7.001X1 8.00 Wethers a.onris 7.5(1 Ewes 3.00B 7.00 Corn Also Loses Gains Made Earlj in Session Improvement In Car -Situation Reported. CHICAGO. June 12. Weakness devel oped in the corn market today as a result of enlarged receipts, together with pros pect of an immediate further Increase. The close was heavy, c to 2e net lower, with July at $1.71 Vo $1.71 and September at $1.62 to $1.62. Oats fin ished c to 2c down and provisions un changed to 12 c decline. Big trading in oats took place and the September delivery -reached the highest price yet this summer. ' Fears that crop damage might result from the heat wave furnlahed the impetus to buy. Profit taking on the part of holder, led then to a sharp reaction. Provisions tended to sag because of the unwieldy stock of lard in sight. The Chicago market letter received yes terday by the Overbeck & Cooke company f Portlapd said: "Corn The opening bulge was short lived and the market turned from a strong one to a weak one under the influence or large receipts and weak cash markets. The action of the market for the last week has been a keen disappointment to-those arrayed on the constructive side, as their ideas have been founded on the presence of excessive cash premiums which have shown pronounced Indications of being largely if not entirely wiped out. It Is also becom ing increasingly apparent that the theory that farmers would maintain a holding attitude is erroneous. The movement to market hinges upon the ability of the rail roads to handle the grain. In this con nection there Is a material Improvement noticeable, with downstate points reporting cars in better supply. The commercial de mand for spot offerings is far from urgent and it is doubtful if the market will be able to withstand increase in cash pressure that Is indicated for next week. "Oats Both the near-by and the de ferred months were up sharply at the open ing, with a superabundence of bullish en thusiasm which overextended itself and created a weak technical condition. This left the market more susceptible than ever to bearish developments, and the Increase of receipts, "combined with reports of larger consignments from the country, furnished the needed inducement to start a wave of selling which carried prices off 3c to 6c from the high point. Cash oats were weak and premiums further reduced. The recent advance in the market having been due more to lack of cash offerings than any active demand, it is not unlikely that the tendency will be reversed with any increase in receipts." Leading futures ranged as follows: CORN. Open. High. Low. Close. July $1.74 $1.75 $1.70 71 Sept 1.63 1.64 1.61 1.92 . OATS. July 1.07 1.07 1.01 1.01 Sept 86 .87 .S3 .84 MESS PORK. July 34.60 34.60 34.50 34.50 Sept. 35.85 35.85 35.(0 J. iU LARD. July 20.80 20.82 20.77 20.77 Sept. 21.77 21.77 21.67 21.67 SHORT RIBS. July 18.35 18.35 18.32 18.35 Sept 19.20 19.20 19.17 19.20 Cash prices were: Wheat Not quoted. Corn No. 2 mixed, $1.83; No. 3 yellow. 11.82. Oats No. 2 white, $1.1511 1.17 ; No. 3 white, $1.121.14. Rve Not quoted. Barley $1.50 l.f.0. Clover seed $25.00 'y 35". 00. Pork Nominal. Lard $20.32. ards. 26. Hillsdale. Or., and Margaret W. Hewett. 28. Hillsdale. Or. RASMVSSEN-J AQUES Hans J. Ras mussen. 26. 224 Madison street, and Bather M. Jaques. 24. 409 East Ninth street North. BABB1DGE-K1NG W. W. Babbidge. Oregon building, and Louise King, 1621 East Lincoln street. RE ED-STEIN RUCK J. H. Reed, legal, Oregon City. Or., and Mrs. Nellie Stein ruck, legal. 768 Cleveland avenue. DEEKS-PICKETTE Kenneth C. Deeks. 26. Y. M. C. A., and Gladys Delia Pichette. 21. 7106 Fifty-first avenue Southeast. REM LING ER-NEEHUESER Charles Edward Remllnger. 26. 233 Cook avenue, and Genevieve May Neehueser. 24. S7S Ainsworth avenue. , EVANS-FITZGERALD Bert L- Evans. 25. 5529 Fiftieth avenue Southeast, and Nellie Fitzgerald. 27. 5529 Fiftieth ave nue Southeast. RASMUSSEN-BRADLET Harold Fas mussen, 26, Astoria. Or., and Nellie Carle Bradlev. 20. 1792 Fiske street. THATCHER-THOMPPON John Thomas Thatcher legal. 302 Sacramento street, and Iva Thompson, legal, 233 Graham ave. nne. SODRING-LEITNER Arthur V. Sod rlng. legal. 130 East Fifty-fifth street, and Freda Leitner. legal. 130 East Fifty-fifth street. " NEWCOMB-ANSLOW Percy Mason Newcomb. 20. 1257 East Main street, and Madge Ellen Anslow. 19. 763 East Thirty first street. KP.EIGER-STRAMELL John Krelger, 87. 706 Tacoma avenue, and Maggie Stram ell. 31. 107 Mason street. LTJNDEEN-WEST Arthur Lundeen. 28. Mount Solo. Wash., and Margaret Florence Wet 25. Knickerbocker apartments. CLARK-HERREN Bernard F. Clark, legal. 5S East Twenty-first street North, and Elizabeth Herren. legal. iS9 Haw thorne avenue. WEDERMKIEIt-SAn" ' " gene Wedermeyer. legal. 375 East Eleventh treet. ana lessie ai..u, Rodney avenue. Vancouver Marriage License. MlT.T.s-RElSECharles A. Mills. 82. of. Portland and Evelyn Relse, 22 of Port- laBAHNICK-PAUL John A. Bahnick, 23. of Portland and Nellie S. Paul, 18. of Dallas. Or. K KN N K 1 Y - I A 1. l.r. T E,mt r,. iveuiie- dy. 10. of Portland and Leera Taney, 19. of Portland. . , SPIELER-MA TNARD Ed K. Spieler. 35. of Vancouver. Wash., and Emma V. May- nard, 30 of Salem, or. ( A M 1 lie, 1,1.-JAL 1 LAi.V u nwcri - c. Campbell. 30. of Battle Grouett, Wash., and Zelda Backslund. 21. of Battle Ground, Wash. .i wi)'iiiiiiHii J V V "J. V 9 fee e;Sgf a A'y ' X. '7 " ' l'l i- 1 MERCHANTS DUE TONIGHT BRITISH PARTY TO BE WEL COMED BY CHAMBER. -Bar- oats. nom- Grain at San Francisco. SAN FRANCISCO. June 12. Grain ley, spot, feed, $33.05 per cental; nominal; corn, $75)76 per ton; rye, Inal. Hay Fancy wheat hay, light five-wire bales. $38(&41 per ton: No. 1 wheat or wheat and oat hay, $35&38; do No. 2, $32(&35; choice tame oat hay. $37&40; other tame oat hay, $33&,37; wild oat hay, nominal; barley hay, nominal ;' alfalfa hay, new, nominal; old, $30 a 32; stock bay, $29 32. Seattle Feed and Hay. SEATTLE, June 12. City delivery: Feed Mill. $j2; scratch feed, $92: feed wheat. soy; an grain chop, $80: oats, $78; sprout ing oats, $81; rolled oats, $80; whole corn SS6; cracked corn, $86; rolled barley, $78 clipped barley, $83. Hay Eastern Washington timothy. mixea, m; aoubie compressed, $51; al ialia, $46; straw. $18. Minneapolis Grain Market. MINNEAPOLIS. June 12. "Barley. $1.22 i X.it.t; nax. .-so. 1, 33.8913.94. DAILY -METEOROLOGICAL REPORT. PORTLAND. Or.. Juhe 12. Maximum temperature. aegrees: minimum tern nerature. 49 degrees. R k.r i-AuHinD- u --. .. i. - teei: rnange in last 24 hours ll. 4 -root rise. Total rainfall (5 P. M. to 3 P. M). trace: total rainfall since Sep tember 1, 1919. 32.12 inches: normal rain-fall-ince September 1. 42.88 inches; de ficiency of rainfall since September 1 1919. 10.76 Inches. Sunrise. 4:21) A. M.: sunset, 8:02 I'. M. ; total sunshine, 13 hours 45 minutes; possible sunsrrine, lo nours. minules. Moonrise. 1:33 A. M moonset. .. :.,9 I. M. Barometer (reduced sea level), 5 P. M., 29.87 inches. Relative humidity. 5 A. M.. 6 per cent; noon. 48 per cent; o 1". Al., 34 per cent. THE WEATHER Stray Pigeon at Lighthouse. ASTORIA, Or.. June 12. (Special.. A carrier pigeon wearing on on! leg an aluminum ring stamped "V. H. C 18 453," and a brass ring on the other leg, was picked up a cou ple of days ago by the lighthouse keeper at Destruction island. The bird was brought here yesterday by the lighthouse tender Rose and turned over to A. M. Toleman, of the Tongue Point buoy station, where the pigeon can be secured by its owner. Total gold held by banks. $ 711,629,000 Gold with leuerat reserve airents .$1,103,751,000 Gold redemption fund 149,678,000 Total gold reserves $1,965,559,000 Legal tender notes, silver, etc. 137,533,000 Total reserves $2,102,591,000 Bills discounted, secured by government war obligations 1.440, 931.000 All others ...v. 1,082.019.000 Bills bought in open market. 403,896,000 Total bills on hand $2,926,846,000 TJ. S. government Donas...... i6.796.OO0 U. S. Victory notes .-. 69.0O0 U. S. certfs. of Indebtedness 280.108.000 Total earning assets $3,233,619,000 Bank premises I 13,111,000 Uncollected Items anu oiner deductions from gross de posits ' 772,903.000 Five per cent reaemptlon fund against F. R. bank notes 11.704,000 All other resources 5.751,000 Phone your want ads to The Orego cian, Main 7070, Automatic 560-95, Total resources $6,139,969,000 Liabilities Capital paid in $ 94,284,000 Surplus 120,120,000 Government deposits 21,830.(100 Due members reserve acct.. 1,870,240,000 Deferred availability items.. 374.684.000 Other deposits. Including for eign government credits.. 86.282,000 Chicago Livestock Market, CHICAGO, June 12 Cattle Receipts 2ooo, compared with a week ago, common and medium steers and she slock 5(lc to $1.23 higher, others $1.25 to $2.00 higher; moat new stuff 25c to 50c higher; best heavy cows and fat heifers 50c to $1 high er; bulls mostly 50c higher; veal caives 50c $1 higher. stockers and feeders un evenly higher. Hogs Receipts, 7000; market 10c to 25c higher. Top. $15.35; bulk light and light weight. $15.0015.25: bulk 250 pounds and over, $14.:;oiz-14.95; pigs ooc to (.ki higher; bulk. $12.00 13 O0. Sheep Receipts. 5000, bulk direct to packers. Sales mostly steady, compared with week ago, shorn lambs $1 2 higher: spots up more and in-between up most; spring lambs, 50c to $1 higher; sheep largely 25c to 50c higher, spots more; feeders $ I to $2. Seattle Livestock Market. SEATTLE. June 12. Hogs Receipts, none; steady. Hog quotations: Prime, $15115.50; medium to choice, $1415; rough heavies, $13 ff 13.50; pigs. $12 13. Cattle Receipts, none; steady. Cattle quotations. Grain and pulp fed beef steers, $1 t.75(fr 12-50; , best grass red steers, $11 11.75: medium to choice, $9111; common to good, $7,501 10; cows and heifers $9.75 10.25; medium to choice. $8.7fi9.75; common to good. $B.50'58.50; bulls, $6 7.50; calves. $7.50!ir 11.50. Total gross deposits $2,553,036,000 Federal reserve notes in ac tual circulation 3,112,205,000 Federal reserve bank notes In circulation, net liability... 181.382.000 All other liabilities 78.942,000 Total liabilities $6,130,969,000 Ratio of total reserves to net deposit HIGH INTEREST HELD BAD Reserve Board Policy to Raise L,iv ing Cost Billion a Year, Says Owen. SAN FRANCISCO, June 12. Th policy of the federal reserve board in raising Interest rates to member banks to 6 and 7 per cent has the psychological effect of impairing the confidence of the country and has cre ated a tendency toward industrial de pression. United States Senator Robert Li. Owen or URianoma and candidate for the democratic nomination, told a luncheon gathering here today. "Jhe reserve banks in raising the interest rates aim a per cent are raising the cost of commodities and the expense of living over $1,000,000, 000 yearly," he said. "I approve giv ing preference of credits to productive enterprises as against credits for in vestment, speculative or hoarding ac count," he said. "Federal reserve member banks not only are raising their interest rates, but are withhold ing loans for legitimate production and distribution." STATIONS. weather. Baker Boise . Boston Calgary 1 38 Chicago . . . . 721 Denver I 56 42j ttO'O.oo!. .N WiCloudv 54 8211). 00 12'N WlPt. cloudy 641 80(I.0(!12;S IClOudy Des Moines. .( l'.ureka Galveston . . Helena t.luneau Kansas City Los Angeles. Marshfield . Medford .... M inneanolis New Orleans! New York .. North Head. Pboenl .... Pocatelio ... Portland . . . Roseburg . . . Sacramento . St. Louis ... Salt Lake .. San Diego . . S. Francisco. Seattle ..... Sitka Spokane Tacoma Tatoosh Isld tValdez Waila Walla Washington .. Winnipeg .. . Yakima' . . . . 7()!0. oo:21 ,XW 94,0.(10 20 SW 61 84:0.00' ..IE 21 92 0.OO 12(SW 5Sil.(Mli . . N 84 4f.OOjlo!sE 74i(.04. . N 68I0.OOI . . 'SB 90!0.ooii2;s 72;0.00l. . 68 0.0OI. . 78(. 0(1 . . 94 0. OO . . 94IO.0O! . . 80IO.OOI14 S r.6i0.ooi tvw 68!1Ort'().O0!24SE 42i 49 Pt. cloudy Clear Pt. cloudy Pt. cloudy ( (ear Cloudy ICloudy ( louay Clear Clear Cloudy Pt. cloudy i-lear Cloudy Cloudy t'l. cloudy r iouuv MXO.U2.2U,S ICIear 72 0.0O,. .ISE iPt. cloudy SW NW NW NW W Tax Exempt Bonds Northwest Municipals HISTORY REPEATS ITSELF NO DOUBT many people are going on the belief that times will always be "good." They proceed on the theory that plenty now means plenty for the future. But unmistakable signs in the financial skies clearly indicate the utter fallacy of this conclu sion. "Save and Invest" is the only safe way to provide shelter from the inevitable storm of reaction that is bound to follow the pres ent era of abnormal conditions. History repeats itself and just as bonds the best of invest ments went up In price and down in yield following the Civil War, so will they eventually re act to the readjustments attend ant upon the great world con vulsion. Bay saw Is tae aoandest aavlee we have. SHRINE" SUGGESTION-Port,andersProT,ds yrown iiivix'd mu OU UUliO r luncheon durins the convention and thus lessen the eating problem. lOwMtluOM .Dollar Morris Brothers ins CJfofPremter:Municttatdoncrhotisa BUnta Bias. Ms.li .Stark St.. Bet rirth us Sbrtat TelevlMaa Knwewar IU1 OnaOwmi Uonev rtarger Cities of United States Be ing Tonred Under Auspices of Drapers' Board. The special traifi bringing the del egation of British merchants touring the larger cities of America under auspices of the Drapers xoara 01 Trade of England is scheduled to ar rive in Portland tonight. The time of the U-ain has been advanced to arrive at 10 P. M., and the party will be welcomed by the reception com mittee of the Chamber of Commerce, hended b Peter Kerr. During their stay of 25 hours in Portland they will 1 have headquarters at tne xsenson hotel. Monday morning they will be enter tained at breakfast by Liipman, Wolfe & Co., after which they will be shown over that department store, thence proceeding to the Olds, Wort man & King, Liebes & Co., Meier & Frank and Roberts Bros, department stores. At noon they will De guesia of the Chamber of Commerce and 11 furnish the programme at the members' forum. Immediately after luncheon the visitors will be escorted to the Eastern & Western Lumber company s mill to see tne metnoa 01 operation in sawmills of the Pacitic northwest. The party will then be taken over the Columbia river high way and will dine at Chariticler inn. The local reception committee is composed of the following members: Peter Kerr, Mayor Baker, cnaries x . Berg, Aaron Frank, Wa F. Lipman, William Roberts, E. J. Ditter, E. J. Jaeger. Ben Selling. D. A. Dinsmore, F. C. Maples, Will Knight. C. J. Mathis, A. F. Carraza and Chapelle Brown. BONDS FEDERAL TAX EXEMPT and PREFERRED STOCKS NORMAL TAX EXEMPT TO NET 6 TO 8. ROBERTSON & EWING 207-8 Northwestern Bank Bldg. 50 76 O.OOl. .INWIPt. cloud 52 7:0.(Kl!163 Pt. cloudy ,-i i'-iu.uiii io.a w i iear 54) S4 O.OOllIiSW Clear 58 660.00 . .jsw Pt. cloudy 001 on" .(.nji.,s w cloudy 45 62 0. Ol ..W Cloudy 46 58 0.001. . NW cloudy 44( 62!0.0O . . S Pt. cloudy 44 1 82 0.0l. . N Cloudy 501 58 0.021.. N Clear 44j52 0.00i. .(SW Rain 52 66iO.OO. .ISIS Pt. cloudy 721 bSj0.30..j Cloudy 4 4 ! " 72 1 6 .' OOl ' ' I NWj Pt. 'clou'cjy TAILORS RETURN TO WORK Strike, Declared I.at Fall, Called trr in San Francisco. The tailors' union strike, which has been in effect since last tall, nas been called off in San Francisco and the men have returned to work, ac cording to a telegram received last Slit by C. H. lieed. secretary 01 tne local Merchant Tailors' association. from W. G. Mc-Mahon, secretary ana counselor, of the Pacific Coast Mer chant Tailors' association, with head quarters in San Francisco. The mes sage follows: 'Local tailors union voiea u night to abandon strike. Men to re turn whenever thev can find work." While no similar action has been taken here, so far as could be learned last night, it is understood that a large number ot the tailors are at work and that conditions so far as the tailor shops are concerned are cloe to normal. The strike affected the entire Pa cific coast tailoring industry. Wine and Masli Seized. Fifty gallons of wine'and 100 gal ir, of ?nasi were seized' last night by Patrolmen Powell, Willard. Fair Kinith. in a raid on a house at .-71 trK Market street. Tlie police arrested Joe IMcci. 38, ann. held him re the federal authorities on a charge of violating the prohibition law. It ! cwi that I ucci admitted ownership of the wine, but said that it was si years old. New Tent Instituted. HOQUTAM. Wash., June 12. A new tent of the Daughters of Veterans, a national organization, will be insti tuted here tonight with 100 chartei members from Grays Harbor. Miss Rose Jackson, district organizer, win A Safe Investment Will Pay 50 or More If you have a few hundred or a few thousand dollars to invest in an absolutely safe proposition, one in which you can't lose, then send for our cir cular and read all the particulars. The chance of a lifetime for only a few people. The offer closes in a few days. QUEETS TRADING CO., Hoquiam, Wash. 1 hare charge of the exercises which will be held in thf- Red Men's hall. tA. M. today. inn day. P. M. report of preced- Oleott to Address Legion. ASTORIA. Or., June 12. (Special.) Governor Olcott has accepted an in vitation to speak at the coming state convention of the American Legion, which will be convened here on July 30. The governor1 is scheduled to make the opening address. Read The Oregonian classified ads. , FORECASTS. Portland and vicinity Generally cloudy; westerly winds. Oregon and WashlnKton Generally cloudy; moderate westerly winds. DAILY CITY STATISTICS Marriace Licenses. PIDGEON-M1CKLE C. M. PidKeon. le fral. Minneapolis. Minn., and Vivian V. .Yltckle, legal. 480 at Fortieth street North. KRICHEVSKY-OSTROVSKY William Krichevsky, 28. 511 Montgomery, and Dora Ostrovsky. 22. 211 Glbbs street. FRICKETT-OMAS John W. Prickett. 24, 1124 Lombard street, and Hilda A. Omas. 19. 301 East Fifty-first street North. WELSON-APPLEGATE S. E. Welson, 27, 741 Glisan street, and Lulu Applegate, 21; 921 Frances avenue. POWER-SCHNEIDER M. S. Power, le gal,. Cathlamet. Wash., and Marion O. Schneider, legal, 20O Hamilton street. SIVER-BUtiCHING Henry H. Siver. 20. Albany. Or., and Alice D. Busching. 24. aso Tenth street. LAMBBRT-ARNETT Frank A. Lam bert, 24. 6030 Fifty-fourth street' Southeast, and Dulah c. Arnctt. 18. 6720 Forty-fourth avenue Southeast. GILLETT-SULLIVAN Claud S. Glllett. 22, Tillamook. Or., and Thelma Jane. Sulli van. 18. 211 Curry street. GL'TOWSKY-RISTAU Albert Gutowaky. 32 120 East Forty-third street, and Selma Ri'stau. legal. 843 Jerxey street North. RICHAROS-HiiWETT James Guy Rich- Stocks and Bonds of Any Description Bought and Sold At Prevailing Market Rates. No Matter Where the Market. Liberty and Victory Bonds and Unlisted Securities are given special attention. Herrin & Rhodes, Inc. STOCKS AND BONDS. Kntab. 106. Railway Kxchange Building. Members Chicago Board of Trade. Seattle Portland Tacoma. The value of Investment Experience The principals of this com pany have had long experi ence in buying Investment bonds. Every year for many years they have bought millions of dollars of high-class bonds for dis tributing to Investors, banks and institutions. Not a dollar has been lost to any client of theirs through In vesting in bonds purchased upon their recommenda tion. This company was organized upon a founda tion of experience. Our pur pose is to serve you profit ably and retain your pat ronage, permanently. May we have th opportunity to advise you? Freeman Smith a Camp Co. Uus sas SOUTHWEST- -VFT ERN JOURNAL V-f JLLi Issued weekly by experts, contains the latest Information about all the rich oil pools of Texas and the South west and the good, substantial oil companies operating -therein. A sample copy will be mailed you AB bOLUTELY FREE upon request. Write lor It lotiay. flnurl HUTlJtt'ESTKRN OIL JOmvil Suite 119 ilatlron Bld.g, ft. Worth! German A Story of Progress Describing by picture and word nine years progress of a company which has kept pace with the new : and Chang! rtgWorld Conditions which are erectinf new standards i in investments. Detailing a drelopment from j Hazard 'to Stability In today's most profitabls) industry. FREE ON REQUEST tAidrttt Manning &. Company Bryant Bldg.. Dept. Kansas City, Mo. An acute shortage of German Bonds, brought about by the enormous purchases of the bonds in America, is imminent. If you have or ever have had the intention of investing in these highly profitable securities, DO IT NOW. . We have Berlin 4 and some other issues on hand for ready delivery in large amounts. Orders taken for Bonds of any German city, district, or state. Get Our Quotations on Bonds, Currency, and Drafts. Transatlantic Estates & Credit Co., Inc. 222 Chamber of Commerce Bldg. Marshall 205. OVERBECK & COOKE CO. Brokers. Stocks. Bends. Cottoo. tirala. lite. rl-II7 BOARD OF TKADK BLDO. aLEMSSKa CHICAGO BOAJU OV TKAJOB MEMBERS Correapoaifenta of Loess s Bryaa. Chicago and Ktw York. New York Stock Exchange. Chicago Stock Exchange. Boston Stock Exchange. Chicago Board ot Trade. New York Cotton Exchange. New Orleans Cotton Excbanga. New York Coffeo Kxcnaaga. New York Produce Exchange. Livdibool Cotton Association. Broker Wanted who has large clientele, to dispose of an exceptional lease syndicate in proven oil fields of Texas. Thor oughly reliable man. Will make satisfactory contract for exclusive territory. P. O. Box 412, Fort 'Worth, Texas. STOCKS GRAIN COTTON (Stocks Listed New York Stock Exchange) Reduced Commissions Small Deposits Chaa. St Mrl-ain Brokerage Co fJENVEK. COLO. ALLEN BROS. CO 217 Chamber of Commerce Bide. Portland Correspondents .Toons til-la,