THE 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,