21
TIIE SUNDAY OREGOXIAN, PORTLAND, APRIL 10, 1921
tninin nt rum inn
k. w mum
in wnnin nnmnrnni
ID VVUHLU UU UNI
3utcome Anxiously Awaited
by Financiers.
I !cow(. 90 5.T.1I lhog.... 620 T.00
SI hoes... ISO 11.75 .
The following prices are current at the
local yards:
Choice eteen 1 T.259 1.73
Medium to good Keen 6"( 7.
Fair to medium steers 6.0ui 6
Common to rood steers . ." Artl'ti 6.
Choice cows and helfera . .H IKifi 6.
Medium to rood cows, heifers, d.rintp o.oo
fair to medium cows, heifers
Common to lair cows, heifers
Canners ....................
Bulls
Choice dairy calves ,
Prime light calves
Heavy calves .
4.(H
4.00 si
2.."W4) 4.
3..VIW 5.0(1
12..10 13.(10
ll.M)rl2..i
8. inks 7.S
Best feeders 6.0OW 6.10
TRADE UPTURN IS UNEVEN
automobile Industry for Time De
clared Brightest Spot; Textile
Situation Improving.
BT STUART P. WEST.
(Copyright, 1821, by The Oregonian.)
NEW YORK, April . (Special.) At
be close of the week the three matters
ippermost in the minds of the financial
. lommunlty are: The great British labor
rial, tho trade developments as they bear
tpon the question of whether or not the
tuition at large Is getting better, and
he course of money rates.
The most pertinent comment upon in
tustrial troubles in England has all along
teen that they are too stupendous in their
possibilities to make it conceivable how a
vpture could finally occur, or. If it were
o occur, how there could be a contest of
my duration at alL
The losses would be fabulous and the
offering of the public so severe that one
de or the other would have to give In
aptdly, or both strike a compromise.
Miat the British government could aur-
ender to the unions has never been even
hlnkable. Consequently the markets have
tonsidcred but three eventualities first,
in llth-hour settlement: second, an early
ompromlse after the struggle was on, and
bird, the complete defeat of the labor
dement.
Domestic Trade Reviewed.
Testimony regarding domestic trade con
lltlons has again been very conflicting
til week. The brightest spot is the auto-
noblle Industry, with many companies
retting ready for capacity output. The
dca held in some quarters that the re
Ktvery here and in other lines, like the
extile trade, was merely a flash In the
lan Is disappearing. On the contrary, the
. lest Judgment is that, while progress will
le uneven that is to say. by no means
leady the real turn in these industries
las come and will prove a lasting turn.
As to when a similar change will over
mke other trades which are still scraping
n the bottom as to both prices and pro.
tuction. it is hard to say that trade rep
escntatives are fulrly confident that prices
rith them are on the upgrade. It seems
ilmoHt certain that the virtually complete
thutdown of the copper mines will start
pper quotations up before long, simply
lecause the remaining surplus will have
een worked off. The steel men are the
nost dubious of all.
starch figures have Just shown pig Iron
iroduction the lowest on record in com
parison with furnace capacity. Irorr and
a eel prices have so far displayed no in.
dination whatever to mend. When the
(idvale Steel directors passed their divi-
lend this week they spoke of the company
lolng business at a loss and had nothing
o say that showed they were at all hope,
ml of a change. The president of the
Bethlehem Steel company admitted that
xiis would be a lean year for the steel
nmpanles. but looked for an Improvement
efore the end of it.
Summed up. the preponderating view In
pusiness circles Is that the downward
novement reached Its climax at the close
ft 1920; that while in certain lines like
Fair to good feeders
Hora
Prime light .
5mooth heavy
Rough heavy
Stags
rt pigs
6.0O 6.00
.. n.ooeii.:
.. 10.2."10.7:
. . .! 9.2:
. . s on t .2:
ll.OO 9.
Feeder Diss 11.00a 11.73
KhMn
Prime east-of-mourln lambs 7.00J .nn
aney iambs ..... n.w
Heavy lambs. 90 lbs. ana'p.. ." 6.00
rH,r limhi 5.008J 6.1'
Cull lamb 4.00i 5.00
Yearlings n- "
w.ik.,. sonra 5.7
Ewes 1.50 & 6.00
Chicago Livestock Market.
CHICAGO. April 9. Oattle Receipts,
500. compared with week sgo, beef steers
mostly 70c to SI lower: heavies off most
bulk cows, heifers, bulls, stockers and
feeders generally 00c lower: better grades
veal calves steady; light lilinsoc lower.
Hogs Receipts. 4000. Active, strong to
13c higher than yesterdays; better grades
up most: top. 19.90 early: practical top,
S9.80: bulk. 200 pounds down. in.rMoiv.su
bulk. 220 pounds up, $8.50u.30; pigs
nominally steady.
Sheep Receipts. 6OO0. Receipts toasy
mostly to packers direct; compared with
wees ago lamDS sieauy to c niguer
sheep steady.
Omaha Livestock Market.
OMAHA. April 9. Hogs Receipts. 6000.
Steady to 10c higher, closing weak; bulk
medium and lirht butchers. Xs.oUtnu.lu
top. $9.50: bulk strong weight butchers,
250 pounds and over, S8.00&8.;0; packing
rrades. X7.50S.
Cattle Receipts, 150. Market compared
with week ago, beef steers and she stock
50cl lower; top steers. 9.25; bulls.
25 75c lower; veals steady; stockers and
feeders, mostly SOU 75c lower.
Sheep None, market compared with
week ago, light and handyweight lambs
strong to l;c higher; heavies z.gouc low
er; sheep 23c higher; feeders strong.
Kansas City Livestock Market.
KANSAS CITY. April 9. Cattle Re
celpts, 60. For week: Beef steers. 5075c
lower; she stock and bulls. 2jfro0c lower;
canners and stockers, cows and heifers,
weak to 25c lower; killing calves steady
to 25c higher: stock calves. 23c higher;
stockers and feeders mostly 2.c lower.
Sheep No receipts. For week: Sheep
and light lambs mostly steady; heavy
lambs, 130 23c lower.
Seattle Livestock Market.
SEATTLE. April 9. Hogs Receipts,
none. Weak. Prime. Sll11.65: smooth
heavies, $10911; rough heavies, ibtfo.ttj
nlrs 104X11.50.
rattle Receipts, none. Weak. Prime
steers, S7.75ft8.23; medium to choice, SB
07.25; common to good. ..oufo.;h; oesi
cows and heifers. S6..V!fi 7; medium to
choice. S4.50firi.5O: common to good, ti
64.50; bulls, S4fe5.50: ngnt caives, t-iu.uu
,12; heavy calves. oo I.
PROSPECT BEST IN YEARS
OREGOX WTXTER WHEAT CROP
COaflDITIOX GOOD.
Estimate of 99 Per Cent of Xormal
Is Made by Federal Sta
tistician Kent.
The condition of Oregon winter wheat
and rye on April 1. 1921, Is estimated by
F. L. Kent, statistician for the United
States bureau of crop estimates, at 99
per cent of normal for wheat and 97 per
cent of normal for rye. This compares
with an April 1 wheat condition for the
I'nlted 8tates as a whole of 91 per cent
and a rye condition of 90.3 per cent. The
ten-year average condition for the United
States Is: Wheat. 83.6 per cent; rye, 88.4
per cent. Assuming that there has been
no considerable abandonment of any of
the 4O.6tt5.000 acres estimated as sown last
full the present condition figure 91 per
cent) would Indicate a probable 1921 United
States winter wheat crop ok aDoui oji.uuu,
000 bushels.
Condition reports by counties of Oregon
April 1 are as follows:
, . . - .. ... i western ureaon I r,asiern urrKim
" quarxer 01, jui win bounty: Wheat. RyefCounty: Wheat. Rye
MM FOUND FOR
POTATO SURPLUS
Shipping Orders May Clean
Up Oregon Stock.
HIGHER PRICES UNLIKELY
Good Movement to South and
Southwest ; Eastern Trade Active
With Values on Steady Basis.
The Oregon potato surplus, there is
every reason to believe, will clean up. Not
long ago It was feared the growers would
rot be able to dispose of all their stocks,
but a good shipping demand has devel
oped and potatoes are now going out of
the state at the rate of about 100 car
loads a week. Most of the shipments are
billed to California points, with a few
cars going to Arixona.
The -market Is firm, but prices are not
much higher than they were. Shippers
are paying growers SI for good graded
potatoes and a small premium occasion
ally for a fancy lot. Ordinary rough
stock Is selling down to 50 or 60 cents.
Most of the dealers think prices will hold
around the present level during the re
mainder of the seaBon. In the local Job
blng market there has been some im
provement In the demand but former
prices are quoted. Few sales of Oregon
Burbanks are made at over $1.25.
At Idaho shipping points, sacked Rurals
are moving at about SI to growers. In
the east the potato markets generally were
steady during the past week. Northern
sacked round white potatoes closed at
80c to $1 per 100 pounds at northern ship
ping points. The carlot market In Chi
cago held at $1 to $1.10. Other middle
western wholesale markets were slow, and
5c to 10c lower, closing $1.05 and $1.35.
New York round whites were steady in
the New Tork jnarket at $1.40 and $1.50
ulk. Sacked Maine Green Mountains
continued slow and steady in Boston at
1.23 and $1.40.
Florida Spauldlng Hose in double-head
barrels started the week at $11 and $12
per barrel in New York, but closed lower
t $9.50 and $10. Prices closed around $6
per barrel f, o. b. at Florida shipping
points. Texas sacked Bliss triumphs
anged $0.50 and $10 per 100 pounds lu
Kansas City.
Movement of old stock Increased mod
erately, 2614 cars compared with 2297 the
preceding week and with 2603 cars dur
ig the corresponding week last season
Shipments of new potatoes during the
week totaled 200 cars.
and Mendoclnos were disposed of, but the
trices were not announced. Several cars
of Sacramentos were sold at 13 to 16 cents,
Oregons are quoted at 15 to 20 cents ac
cording to quality.
APPLE PRICES DECLINE IN EAST
Local Market Is Steady With Fair De
mand Reported.
Local apple trade was fair during the
week and former Drlces were maintained,
In the eastern markets, however, there
was a moderate decline. Northwestern
Wlnesaps, extra fancy grade, declined 30
cents at Chicago to $2.25 and $3.50, hut
held steady at 13.50 and $4 at Kansas
City. New York cold storage Baldwins
dropped 25 cents a barrel to a range of
$4.75 and $5.73 in the leading eastern
wholesale markets.
. Shipments . of boxed apples were 815
cars compered with 373 the previous week,
st.d with 413 during the corresponding
i-eek last year.
Movement of barreled stock was 444
cars compared with 5 S3 the preceding
week Jind with 327 during the correspond
ing week last season.
Bank Clearings.
Bank clearings of the northwestern cities
yesterday were as follows:
Clearings . Balances
Portland $4,424,981 ' $1)72.429
Seattle 3.737.4H6 . 840.025
Tacoma 394,780 75.336
Spokane .1.008.763 488.874
Clearings of Portland. Seattle and Ta
coma for the past week and corresponding
week in lormer years were:
Portland. Seattle.
1021 $31.193,.S29 $27,085,414
SO.74i.S2M
1920.
1919.
1918
1917
1916....
1915
1914
1913....
1912....
1911....
1910....
39,252
28.5!)!). 146
25.B13.8ll8
18.317.260
12.879.316
11. 595,756
13. 296. 625
14.238, 091
12,351.790
12.635.385
11,937.272
36.295.910
34.377.116
28.313,309
16.024.108
13.253.267
14.114.497
13.088.058
11,862.431
9.981.491
11,354.849
Tacoma.
$4,055,999
. 4.840.178
4.438.679
4.426.477
2.818.377
2.516.623
2,188,732
2.185.304
2.867,001
4.108.994
4,197.426
4,871,439
PORTLAND MARKET QUOTATIONS
Grain, Flour and Feed.
Merchants' Exchange, noon session,
Bid
Wheat April. May.
TTard white $ 1.12 $ 1.11
Soft white 1.10 1.10
White club 1.10
Hard winter 1.07
Northern spring 1.07
Red Walla 1.07
Oats
No. 2 white feed '25.00
FLOUR Family patents, $8.60; bakers'
hard wheat. SB: Diuestem patents. I7.su
valley bakers, $6.50; bakers' straights.
Xu.nu; wnoie wneai, ; granam, o.ou.
M1LLFEED Prices f. o. b. mill: Mill
run. $28 per ton; rolled barley. $40i4:
rolled oats $42; scratch feed, $53 per ton.
CORN Whole, $38; cracked, $41 per ton.
HAY Buying prices f. o. b. Portland
alfalfa, $1U per ton; cheat, $2223 per
ton; clover, $16; valley timothy, $20026
eastern Oregon timothy. -o.
1.09
1.06
1.06
1.06
15.00
STOCK LIST IRREGULAR
MOTORS AND EQUIPMENTS
ITRM, OTHERS WEAK. .
Trading in Bond Market Is Also
r, Slug-gish; March Steel Tonnage
Report Shows a Decline.
NBW YORK, April 9. Dealings were
nominal in the brief session of the stock
market today.
Rails, several nrnmln.nl Initii.rfH.la anil
food issues were again under moderate
pressure, notably Pennsylvania, which reg
istered a new Inw r,,r mBnv v.a ' f-
Motors and equipments were relatively
firm. Sales were 185. OOO nhnrn.
The bond market reflected the sluaaish
course of stocks. Total sales, par value,
14,325,000. . .
Features of the weekly clearing house
report Included i .Q
slightly more than J30.000.000 in holdings
of members at the federal reserve bank
and a contraction of nearly 190,000.000 In
net demand deposits. Cash holdings de
creased about S18.HOOAOO l..u. . ,feir.ir
of $4,331 320 below legal requirements.
ucwa emDraced the weekly sur
veys of business conditions by trade au
thorities and -th t v, - -.
of the United States Steel corporation,
. further reduction of about
650.000 tons in unfilled orders. Book
ings now in hand of 6.284,765 tons are
since September, 1919.
CLOSI-VG STOCK QUOTATIONS.
Clatsop
Columbia .
Coos .....
Curry ....
Douglas ..
Jackson ..
Josephine
Lane . ... .
Lincoln ...
Linn
Marlon . . .
Multnomah
Polk ,
Tillamook ,
Washington .100
Yamhill .... 97
ven worse, the main tendency since the Benton
teginnlng of January has been toward I Clackamas
recovery, and that this recovery will
spread slowly and Irregularly until in the
dosing months of the year it will com
prise the country's trade as a whole.
Money Market I" na tin factory.
We have had somewhat the same ex
perience In the money market this week
is we had two months ago. When Wall
ttreet, apparently surfeited with call
kinds, reduced its bid to 5(4 per cent, the
ateral, promptly called their loans on the
Bterior banks, which were lending out
xieir large balances on stock market col
rround, very obviously, that they could
Ind more profitable employment for their
noney at home. As a result the lowering
f call rates proved abortive, as it had in
rebruary, and there were quick rebounds
s $H and 1 per cent.
Two months ago this reaction wound up
n a certain degree of actual stringency,
rhich is hardly to be expected again ow
ns to the strengthening of the federal
eserve ratio which has taken place since
lien.
Our Imports of gold since January 1
iggregate more than $130,000,000, and this
practically the net addition to the sa
lon's stock of gold, because exports dur
ng the same period have been negligible.
This gold movement, plus the release of
tapltal from mercantile channels, has
leant a large expansion in the supply of
loanable funds. It would have forced down
noney rates far more had it not been for
Ihe policy of the federal reserve board in
lolding to its extreme scale of discounts.
There can be no criticism of this policy,
though these discount ratea are plainly
utlficiaL If the federal reserve authori
ties were Influenced only by the question
rf the money supply they would no doubt
lave lowered their schedules before now.
But they want to see'frosen credits' fur
ther reduced, as they must be In order to
restore banking conditions - to normal; I
therefore they are maintaining a scale of
rates which Is not Justified by the relax
ation ot demand and supply.
Crop Report Paradox.
The April crop report, so far as its
Iffect upon financial calculations is conserved.-
has proved something of a para-
lox. It whs so good In point of indicated I
wheat yield as to be distinctly bad fr I
the outlook for prices.
romlse of a winter wheat crop 137.000.000
tusnels larger than last year, and with a
fourth of the 1920 harvest still in farro
ws' hands. It is easy to see why prices
save been so persistently going down, and
bj hard to see how the agricultural in
luatrv can look forward to a larger profit
nargin unless it can succeed In materially
reducing Its production costs.
Once again, as has happened often In
the experience of the last seven years,
sld-fashioned economic theory has gone
stray. Theoretically a condition of very
low prices where the producers contend
there has ceased to be any profit at all
will cure itself through restricted output.
Bo far from thia having occurred, the
acreage covered by the present winter
wheat crop is one of the largest on rec
rd and the Indicated yield has been sur
passed only three times In the history of
the country.
.100
. 90
97
101
'0
93
loo
98
97 98 Baker 97 97
91 63, Crook 100 100
loo Deschutes ... no 83
lOOIGllltam 102 100
. .. Orant 103 100
IHarney usi
.103 402!Hood River.. 103 loo
83 Hdjeirerson ....iuo
US Klamath 98
100 l.ake 100 100
...IMalheur 100 100
100 Morrow 102 105
lOOlSherman ....lfli
lOnlUmatllla. 102 1O0
100!l"nlon 97 97
...IWallowa .... 98 99
95iVasco 106 105
95ivt'heeler 102 102
It will be observed, says the report, that
nearly all of the heavy producing wjieat
counties show a condition nesrly up t
normal, or better. In the eastern psrt
of the state, with a few exceptions,- con
ditlons were very favorable to fall seeding
and the winter has been very favorable
for the growth of the crop. At this time
It seems probable that the acreage that
will be reseeded this spring will be con
siderably Jess than normal; In fact, almost
negligible. Here is a report from Morrow
county which Is fairly typical of others
from the Eastern Oregon wheat districts:
"The winter wheat condition today shows
a better prospect (barring future mis.
haps) than we have hsd for many years.
The wheat kept growing all winter and
the moisture in the soil is abundant."
In the western part of the state con
dition of the wheat crop Is generally re
ported to be fine, although there was a
little "drowning out" in February and
March. But owing to very wet weather.
the seeding last fall was much below
normal.
Brood sows Reports generally indicate
a decline in the hog Industry. In the
state the number of brood son's on April
1, as compared with a year ago, appears
to be only 90 per cent, and as compared
with the usual number, less than 80 per
cent. For the United States, the com
parison with a year ago is 97 per cent,
and as compared with the usual, . only
78.6 per cent.
Naral Stores.
SAVANNAH. Ga.. April 8. Turpentine
firm, 4647c: sales. 842; receipts. 57;
shipments. 643; stock. 4749.
Rosin firm; sales, 174; receipts. 601:
shipments 1181; stock. 79,825. Quote: B.
D. Ep F. G. H. $3.80; I. $3.85; K, M. N.
WG, $4.05; WW. $4.25.
Dried Fruits at New Tork.
NEW YORK, April 9. Evaporated ap
ples firm. Prunes, more doing. Peaches,
quiet.
New York Sugar Market
NEW YORK. April 9. Raw sugar. 5.77c
With an estimated "..i ' r
Duluth Linseed Market.
DULT7TH. Minn.. April 9. Linseed on
track, $1.55?l.7tt.
Cotton Market.
NEW YORK, April 9. Spot cotton
steady. Middling. 11 95c.
LITTLE WHEAT SELLING BY FARMERS
Offers Withdrawn When Decline in Prices
Is Checked,
The country wheat markets were quiet
at the close, not from lack of demand, but
from the unwillingness of farmers to sell.
Offerings were liberal when prices were
eclining. but most sellers withdrew when
the market became steadier. Bids sen
to the country yesterday were the same
as on Friday. Offers for wheat posted on
the local board were also unchanged.
The lack of interest in the coarse grain
market was shown by the $25 bid made
for white oats at the Merchants' Exchange.
There were no offers at all for oats or
barley.
The aversge condition of winter wheat
Washington on April 1 was 100 per
cent of normal, the best condition that
as obtained on April 1 for a number of
years. . One year ago the condition was
but 73 Per cent of normal, while the 10'
year average on April 1 is 90 per cent.
The past winter was almost ideal, so far
as the wheat crop was concerned. Mois
ture is abundant throughout the different
sections of the wheat belt, and very little
damage has been reported to date from
soil- blowing or from heaving. Assuming
the average abandonment of acreage and
average influences prevailing until har
vest, the April 1 condition forecasts I
production of about 21,784.000 bushels as
compared with 20,120,000 in 1920 and 20,-
428,000 in 1919.
The rye crop of Washington averaged 98
per cent ot normal on April 1, against 82
per cent a year ago and 94 per cent the
10-year average condition on April 1.
Terminal receipts, in cars, were reported
by the Merchants' Exchangs as follows:
Portland Wheat.Barley.Flour.OataHay.
Saturday
80 2 ... 2
Total this week 441 4 15 18
Season to date. 14,013 230 689 483
Tacoma
Friday 6 ... 2 ...
Season to date. 4,027 48 831 123
Seattle-
Friday 13 ... S
Season to date. 4.152 201 334
50
2140
1
838
2
394
FIRST STRAWBERRIES FROM FLORIN
Season Is Unusually Early In California
Section.
The California strawberry season Is
earlier than usual. The first crate of
Florin berries came In yesterday. They
were of the Oregon Plum variety and sold
at $8. Los Angeles berries are due the
latter part of the week. No more berries
will be brought this season from Louisiana,
as they now cost about as much at ship
ping points as the first cars sold for in
this market.
Three shipments of asparagus arrived
t'ora White Salmon and brought $2.50 a
dcxen. California asparagus 'was higher
at 15 cents and will advance to 17 cents
Monday, owing to the opening of the can
ning season in that state.
A car of high-grade Louisiana sweet po
tatoes was received and they were put on
sale at $3.75 per 50-pound crate.
Celery Is cleaned up in the south and so
Is Imperial Valley lettuce.
A car of Mexican tomatoes and a car ot
California grapefruit are due Monday.
Dairy and Country Produce.
BUTTER Cubes, extras, 3037c: prints.
parchment wrapped in box lots, 42c: car
tons, 43c. uutterrat, ouying price: i
grade, 38c; B grade, 36c; Portland de
liverv.
EGGS Buying prices, clean, -ic; case
count. 19c delivered: Jobbing price to re
tallera. candled ranch. 23 24c; selects.
26c.
CHEESE Tillamook triplets, price to
jobbers f. o. b. Tillamook. 28c; Young
Americas. 29c lb.
POULTRY Hens, 23 27c per lb.; ducks.
nominal; geese, nominal; turkeys, nominal.
PORK 1618V4c per pound.
VEAI Fancy, 16c per pound.
Fruits and Vegetables.
FRUITS Navel oranges. $3.505.75 box
lemons. $3.504.75; grapefruit. $3.258.25
per box; bananas, 10 110 per pound; ap
pies, si-,itjgi)4 per box.
VEGETABLES Cabbage, 84c per
pound; lettuce, $4 5.50 per crate; car
rots. $1.25 per sack: garlic. 1520c pound
beets, $1.25 per sack; cauliflower, $1.75 per
crate: celery. $7 per crate; green peppers.
30 45c per pound; rhubarb, 89c per
pound; spinach, 89c per pound; turnips,
S1.50i2 per sack: tomatoes, S3 per lug
cucumbers, $1.753 per dozen; peas, 14
15c per pound: asparagus, lc per pound.
POTATOES Oregon, $101.23 per 100
pounds: Yakima, $1.502; sweet pota
toes, $3.50 per hamper.
ONIONS Oregon, 75c J 1.23 per sack.
Staple Groceries.
Local tnhhinpr nuntatlons:
SUGAR (sack basis) Cane granulated.
9c oer nound: beet.' 9.15c per pound,
NUTS Walnuts. 2236c pound; Brazil
nuts. 27c: filberts. 12c: almonds. 28029c
peanuts, 7t7l0c per pound; cocoanuts, $2
per dozen.
HONEY Comb. S7.75 per case.
RICE Blue Rose. 6 too pound; Japan
stvle. 4c ner Dound.
BEANS Small white. 51ic; large wnue.
5Hc; pink, 7fec; lima, bite; Bayou, Uttc
red. j u c oer Dound.
, COFFEE Roasted, bulk, in drums, 149
86c per pound.
SALT Granulated, bale, $S.504.25
half ground, ton. 50a. $17.75; 100s, $15.50
lumn rock. S26.
DRIED FRUITS Italian prunes, ee
pound; dates, $4.2596.85 per box; figs, $
w-5.25 per box.
, Provisions. '
HAMS All sires. 30 37c; skinned. 269
36c: nicnlc. 17019c: cottage roll, Ave.
BACON Fancy, 43p3oc; cnoice, wg
35c; standard, 26$28c.
LARD Pure, tierces, 17o pound; com-
oound. tierces. 12c. '
DRY SALT Backs, Z2p25c; plates, inc.
Wool, Hops, Etc.
WOOL Nominal.
TALLOW No. 1. sIH94c: No. 2, 2U9
8c per pound.
CASCARA BARK 1920 peel. 7c pouna;
1921 peel, 6c pound, delivered Portland.
HOPS 1920 crop. 1520o per pound.
HIDES Salted country hides, 4c dellv-
ered Portland; grubby hides, 3o; city calf
skins, 10c; country calt skins, oc; gooa
kip, 6c; grubby kip, 4c.
MOHAIR New clip, liwisc per pouna.
GRAIN BAGS Car lots. 7c. coast.
Oils.
LINSEED OIL Raw. In barrels. 94c;
five-gallon cans, $1.09. Boiled, in barrels.
96c; five-gallon cans, $1.11.
TURPENTINE la arums, 4c; iive-gai-
lon cans, $1.09.
COAL OIL, Tank wagons ana iron car-
rels. 17V4c:' cases. 30 87c
GASOLINE Tank wagons ana iron oar-
rels, 80c; cases, 42 He.
SAN FRANCISCO PRODUCE MARKET
BIDS FOB EGGS ARE ADVANCED
LIVESTOCK IS STEADY AT CLOSE
Only Three Leads Received at North Perl
land Yards.
There was a light run of three loads at
the stockyards and trading was of small
proportions. Prices were unchanged at
the close and all licee were reported
steady.
Receipts were 13 cattle, 134 hogs and
tl sheep.
The dsy's sales were as follows:
Wt. Price' ,W. Prlc.
11 steers. 949 $6 5o 7 hogs. . . 382 9.00
2 cows. 1060 3.50,33 hogs... 32C JX00
BLOSSOM TIME AWAITED
Hood River Expects Hundreds of
Tourists to See Display.
HOOD RIVER. Or., April 9. (Spe
ciaL) While Hood River expects
hundreds of motor tourists here dur
ing" apple blossom week, no formal
programme will be arranged 'n cele
bration of the occasion, according to
J. H. Fredrick, president of the Hood
R'ver commercial club.
"At present we are unable to des
ignate tb,e date when the blossoms of
the apple trees will be at their best."
says Mr. Ited rick, "but we will send
out this information as soon as pos
sible. Indications are that the or
chards will present one of the most
wonderful blooms n the history of
the valley. We will co-operate In
plans for caring for all who may visit
the town and valley to see the or
chards in broom. From present Indi
cations the trees will have their best
blossoms about the. first week in
Country Shippers Offered Two Cents More
for Monday's Receipts.
There was a firmer feeling in the egg
market yesterday, as the east was higher
end receipts here have "decreased some
what. Buyers paid 19 cents case count and
21 cents for clean eggs to country shippers.
Oc the street there were resales at 21 hi
0i22 cents. Dealers have sent out bids for
Monday's arrivals of 21 cents for 'current
receipts and up to 23 cents for clean fresh
stock.
Butter was' steady with enough outside
demand to keep cubes cleaned up. No
early change in print quotations is in
sight.
Poultry receipts were light and prices
firm, heavy hens selling at 26027 cents
and light hens at 23 cents. Country
dressed meats were steady.
DEMAND FOR FARM LABOR LESS
Supply In This State 34 Per Cent Larger
Than Year Ago.
The supply of farm labor In Oregon on
April 1 was 84 per cent better than a year
ago and 2 per cent above normal, accord
ing to a report Issued byF. L. Kent, ot the
bureau of crop estimates.
The demand for farm labor was 11 per
cent below the demand last year and 7 per
cent below the normal need. ,
Wages for farm labor in Oregon are
averaged by Mr. Kent as follows: Per day,
with board, $1.98; per day without board,
$2.97; per month, with board, $47; per
month without board. $70.
California Hops Moving.
There has been a fair movement in Cali
fornia hops In the past week, but no sales
In this state. About 1000 bale of Sonoma J extras, cost to jobber is cubes, 39c,
Prices Current on Vegetables, Fresh Fruits,
F... t Bay City-
SAN FRANCISCO, April 9. Vegetables
-Asparagus, 4 4712c; squash, cream, 65 &
Rc: Dotatoes, street prices, rivers No. 1,
$2.0002.83: sweet potatoes, $5.0096.50;
new potatoes, 6&9c; onions, Australian, $2.50
(3l4; garlic, tttjMUc; cauiuiower, ouvpioc
dozen, cabbage, lc per pound; bell pep
pers, Los Angeles, 10tF20c; turnips, 50c
$1; beets, $161.50; parsnips, $292.25;
carrots, 73&$1; peas, 58c; rhu
barb. Alameda, $1.25g1.75; lettuce. $2,259
$2 50; artichokes, $5.007.O0 crate; spin
ach, S5c; egg plant, 20 980c.
Poultry Hens, 2503?c; strictly young
roosters, 40944c; old. 20 22c; fryers,
53 9 60c; broilers, 40 50c: ducks, 30 35c;
squabs, 60 9 65c; pigeons, $3.00 9 3.50 dozen;
Belgian hares, 23-25c; Jackrabblta, $3.00
93.50 dozen; turkeys, nominal.
Fruit Oranges, navel, $2.0094.75 box;
lemons. $2.00(0)3.50; grapefruit, $1.50 9 3.50;
tangerines, S1.5U93.50: apples, $1.75G3.00
bunanas. 9910c; avocadoes, $3.0097.00;
strawberries. Imperial valley and Los An
geles, $4.5094.75 crate; Peninsula, $1.50
fix 2.00 drawer.
Receipts Flour, 7040 quarters; wheat,
1600 centals; barley, 2500 centals; oats,
943 centals; beans, 1535 sacks; corn, 800
centals; potatoes, 4037 sacks; hay, 211
tons; hides. 67 bundles; livestock, 415
head; lemons, 1200 boxes.
QUOTATIONS ON DAIRY PRODUCE
Market Prices Ruling on Batter, Cheese
and Eggs.
SAN FRANCISCO, April 9. Butter
Extras, 374c; prime firsts, 37c.
Eggs Fresh extras, 28c; prime firsts,
28c; firsts, nominal: dirties, 28c; extra
pullet, 27c: undersized. 23c
Cheese Flats, fancy, 22c; flats, firsts,
20o.
CHICAGO, April 9. Butter Unchanged.
Eggs Higher. Receipts, 22,537 cases;
firsts, 24924ttc; ordinary firsts. 20921c;
at mark, cases included, 21 923 lie.
NEW YORK, April 8. Butter Steady.
Creamerj higher than extras. ,49V, 950c;
creamery extras, 49c; firsts, 4548Vjc
Eggs Irregular, unchanged.
Cheese Weak, nnohanged.
SEATTLE. April 9. EggSr-Select local
ranch, white shells, 2930c; select local
ranch, mixed colors, 272Sc; pullets, 28
24c.
Butter City creamery In cubes, 42c;
bricks or prints, 43c; country creamery
Am . Beet Sua
American. Can
AH L. pfd
Americn Loco
Am Sm & Rfg
Amercn Sugar
Am Sum Tob
Am Tel & Tel
Amer Woolen
Anaconda Cnn
Atchison
&aiawin Loco
Balti & Ohio
Beth Stl "B"
Canad Pacifin
Centrl Leather
Chand Motors.
Cheap & Ohio
Chi. M & St P
Chleg & N v
Chi. ft r p
Chino Copper,
Corn Products
Crucible Steel.
Cuba Cne Sug
Erie
Genrl Electric
Generl Motors
Gt North, pfd
Illinois Centrl
Insprn Copper
It Me Ma. pfd
Inteml Nickel
Inttrntl Paper
K C Southern
Kenne Copper
Sales.
400
80
3(10
' 800
600
4,50 '
80O
High.
37
281
42
So 14
37
90
400 103
900 72 i
600- 3:i
300 79 hi
2. 600
3.4110
1.200
400
4,200
400
800
1,000
1.500
300
200
1.900
4.100
1,900
100
.100
3.400
2,-300
500
3O0
1.300
200
8K)
1.3O0
100
Mexl Petrolem 10.700
Miami Copper 600
Mid Statea Oil 1.700
Mldvale Steel. 4.7O0
Missouri Pacif 100
Nevada Coppr l.SoO
N Y Central. 300
Nbrfk & West BOO
Northn Pacific 5 900
Ok Prd si Rfg 400
Pan-Am Petri 1.600
Pennsylvania.. 6.800
Ray Con Cop 7.100
Reading 1,200
Rep Irn & Stl 6O0
Ryl Dtch, N Y 800
Shat Ariz Cop loo
Shell Tr Td ' 200
Sin Oil ft Rfg 2,400
Southn Pacific 2.300
South Railway 1.300
S O. X J. pfd 200
Studebkr Corp 10.000
Texas Co. 8O0
Texas ft Pacif 1.200
Tobc Products 700
Transcontl Oil 600
Union Pacific. 2 400
U S Ind Alco loo
U S Rtl Stores 600
U S Rubber.. 4.IO0
U S Steel 6.700
LT S Steel, pfd 100
L'tah Copper. l,ow ,
West Electric oo
Wiilya - Over loo
87
33 "i,
53 i
112
33
79
68
24
62
21
21 '4
7214
83 li
20
11
134
135,
75
87
32
50 'i
34
37
24
18
130
18
14
, 25",
17,
10
681,
9314
75
St
68
a:t
12
6N ,
64
59
6
89 H
23'4
73
20'4 -
107S4
76
40
19
47
10
11614
6lt
4S
72
81
110
4814
47
-8
Low.
37
28
41
85
37
89
73
103
71
, 30
79
86
33
53
112
82
78
57
23
61
24
21
72
83
.20
11
133 3
- 13
s-
Of
32
50
14
54
21
18
13
23
17
30
HS
93
73
J
6S
32
12
611
63
58
6
39
73
20
107
74
40
39
46
9
115
HA
48
71
80
110
48
47
8
Last
Sale.
37
28
42
83
37
. 90
74
105
71
36
79
87
1 33
55
112
33
79
58
24
62
24
21
85 1
20 I
11
134
13
75
87
82
50
14
57
24
18
139
18
13
m
30
68
93
74
8
68
33
12
68
64
59
6
39
23
73
20
107
76
40
19
47
10
115
66
48
72
SI
110
48
47
of the British labor situation, the more
precarious position of the railroads snd
further revision of estimates affecting
earnings and dividends.
Rates for call loans rose to highest
levels in msny months after relaxing to
lowest recent quotations for renewals. The
sudden advance coincided with neavy
withdrawals - of local reserves by interior
banks.
Spread of the British coal strike gave
a sharp setback to exchange rates' and
threatened disturbance of Anglo-American
trade. -
Proposed investigation of the trans
portation systems by the senate and earn
est consideration -by the administration
afforded no oerceDtlble relief to railway
securities, some new minimum quotations
being made by high grade stocks and
bonds.
The cominr week. It Is believed, will
witness significant developments In the
steel and iron trade. Opinion is that the
United States Steel corporation will soon
announce reduced price and wage sched
ules and that Independent producers win
order moderate upward readjustments.
This course is indicated by advances made
bv the Renuhlic Iron & Steet company.
In other branches of industry tenden
cies are almost wholly toward lower sched
ules. Adverse financial statements and
more dividend omlssioas seem Inevitably
to foreshadow an expansion of the price
deflation movement.
Signs of general trade Improvement were
confined to a few sDecialtles. the motor
ndusyy reporting a further Increase of
production. teatner- auu
backward with copper and other base
metals.
Foreign Exchange.
Foreign exchange rates at close of busi
ness yesterday, furnished by Northwestern
National bank of Portltvid. The amount
quoted is the equivalent of tho foreign
unit rn United states iunos:
Country and unit
Austria, kronen .,.........
Belgium, francs
Bulgaria, leva -
Czecho-Slovakla. kronen .....
Denmark, krtmer
England, pound sterling
Finland, fin mark
Rate.
.$ .00:10
. .0743
. .0133
. .0142
. .1810
. 8.9225
. .0200
. .0718
. .0168
. .07:
. .3175
. .0040
. .0418
. .0075
. .13S
. .0MI5
. .01 .-.3
. .0200
. .1405
. .2:180
, .1743
, .4900
. .6530
France, francs
Germany.-marks .........
Greece, drachmas
Holland, guilders . .'
Hungary, kronen
Italy, lire
Jugo-Slavla. kronen
Norway, kroner
Portugal, escudos
Roumania, lei ............
Serbia, dinera
Spain, pesetas
Sweden, kroner
Switzerland, francs
China
Hongkong, local currency.
Shanghai, taels
Japan, yen f -.
NEW YORK. Ifprll 9. Exchange firm,
Sterlhie. demand $3.89: caoiea .t.w,.
francs, demand 7.04, cables 7.06; Belgian
francs, ilcmanil 7 33. cables 7.35: guilders.
demand 84.56. cables, 34.65; lire, demand
4.!!7 cnhltHp 4.39: marks, demand 1.61. ca
bles 1.62; Greece, demand 7.21; Argentine,
demand 32.12; Brazilian, demand 13.73;
Montreal, 11 per cent discount.
Foreign Bonds,
Foreign bond quotations' furnished by
the Overbeck & Cooke company ot Port
land:
Buy on the Rising Market
For the first time in twelve months securities earning; big
tiividend returns are on a rising- market. We are offering
an issue of common stock in the Wichita Royalty Company
on a basis that
WILL NET 36 PER YEAR
Sounds impossible, doesn't it? and it will be impossible in
SO to 60 days. As soon as money matters get back to normal
this kind of security is bound to double.
Call or write and we will send you full particulars regarding
this A-l, approved security paving 3 monthly.
ROWLAND & PEDERS0N, Inc.
1314 L. C Smith Building Seattle, Wash.
NOTE The Wichita Royalty company Is an established, hlRhly
rated oil producing company whose assets consist of oil producing-
properties onlv. Please do not misconstrue this offering;
with the usual "wildcat oil promotion schemes" offered to
the public.
A Few Shares in the
NEW PORTLAND-BUILT AND PORTLAND
OWNED 5-MASTED SCHOONER UNDAUNTED
REMAIN TO BE SOLD
Over 400 Portland investors own ship shares, and consider them
among their best investments.
Full information may be obtained from the managing agent, llart
Wood Lumber Co., Gasco Bldg., or from Fletcher Linn, Spalding Bldg.
JULY I0IT IS FIRMER
.'4biu BCYIXG CAUSED BY FORECAST
OF FREES IXC WEATHER.
BONDS.
U S 2s reg..,.!!flN t C deb 6s., SSU
do coupon ...ARftlN p 4s 76
U S 4s reg.,..104,lw P 3s
do COUDon ..'104 p T.ff.fr.
Pan 3s reg 78V4IPa con 4s...
do coupon ...7t4s P cv Ss
A T & T cv 0b.. M sg Bv s.
Atch gen 4s ...77 U P 4s
con 4s64 JU S Steel Ss...
5414
S4
ssit
S0H
Bid.
Mining Stocks at Boston.
BOSTON, April 9. Closing quotations:
Alloues
Ariz Com .
Calu A Ariz... 46
valu & Hecla. .215
Centennial .... 8
Copper Range. . 33
rranann ...... 1
East Butte 7
Isle Royalle ... 17
Lake Copper... 2'4
Mohawk 47 i
lTINorth Butte
oia Com
Osceola
Quincy
Superior
Sup & Boston..
Shannon
l'tah Con
Winona ........
Wolverine
Greene Can . ...
6
17
32
1
90
3 hi
65
104
2114
Liberty Bond Quotations.
NTTW TORK. April 9 Libert
Muviat-Juua UUPCU tLB IO110WS
3US
1st 4S ..
Id 4s ...
1st 4Mb
2d 44s .
.nn.04Md 4Hs .
. 87.5Ul4th 4 Vis .
. 87.60IV1C 33
. 87.70!Vic 4a
. 87.561
tf!0.76
.... 87.64
M.SH
.... 97.58
Bid..
Swift & Co. Stocks.
Closing prices for Rwlfr A r -
Chicago were report! by the Overbeck &
Cooke company of Portland as follows-
Swift & Co 091,
Libby. McNeill A Libbv " "" mi?
National Leather . .. 7 sZ
Swift international """ 03
Money, Silver, Etc.
NEW TORK. April 9. Prlm
tile paper. 714 7 per cent.
par silver, domestic. 99 Kc: foreign.
Mexican dollars, 4414 c
LONDON", April 9. Bar silver. 33d oer
uuuw. jiui-cj . i, -4 ut'r cent.
STEADY GAIN IN RESERVE RATIO
Increase of One and One-Tenth Per Cent
' in Past Week.
WASHINGTON. ADril 9. Combine ...
sources and liabilities of federal reserve
banks at the close of business April 8 were
reporiea lomgnt py . me leaeral reserve
uoaru as ioiiohs;
Resources
Gold and gold certificates....! 313.322,000
uom settlement luna leaeral
reserve ooara 504.061.000
Bid. Ask.
Russian 5'4. 1921 1. 3 8 2D
do B'is, 11126 9'4 12
do 6VS, 3919 ....19 21
French 5s. 1931 " B7
do 4s. 1917 45'i -4H14
do 5s. f 920 T 68
Italian 5s. 1918 33 34
British 5s. 1922 384 8M8
do 5s, 1927 870 3S2
do 5s. 1U29 .372 3S4
do vky 4s .29 7 809
do ref 4s 269 2K1 ,
Belgium rest 5s 60 li 68
do prem 5s 71 , H
German W. L. 5s K"i 184
Berlin 4s 12 V. 13 hi
Hamburg 4s 14 hi 16
do 44s 15 16
Lelpslg 44s i... 14 35
do us 15 17
Munich 4s 14 15 4
do 5s 16Vi 18"4
Frankfort 4s IS" 164
Jap 4s 6r4 6514
do 1st 4V4s 824 S3
do 2d 41js 8214 83
Paris sixes 97 98
U K 5lis. 1921 99 mi
do 5 "4 s, 1022 95 9.14
do 5 Hs, 1929 89 89(4
do 514s, 1937 84 85
Be'ldt in Bank Reserves.
NEW YORK. April 9. The actual con
dition of clearing house banks and trust
companies for the week shows a deficit In
reserves of $4,331,320. due to a decrease of
fl$,613,u2u from last week.
Reaction In Coffee Futures.
Twenty-Five Million Bushels Esti
mated Sojd for Export From
Fnltcd States to Jane 1.
CHICAGO, April 9. Forecasts of freei
ing weather aided the grain markets
today, after depressing economic news
from England and scattering selling had
started prices downward. At the finish,
wheat was unchanged to llle up. Includ
ing May. J1.38 to 1.S4 and July, $1,121.
to 1.13; corn was H14o to VSc
higher, oats showed a net gain of lie
to 94 c and provisions were unchanged
to 20c higher.
While May wheat showed an easier tone
and sold at the lowest figure on the crop.
July tbi firmer and averaged higher be
cause of buying induced by forecast for
freezing temrjeraturvs. with reports of
half to one Inch of Ice In part" of
Nebraska and Iowa last night. While
no rlamara was claimed, the trade was
apprehensive that the crop might receive
a serious setback and the May-July spread
narrowed with much selling 01 way anu
buying of July. The seaboard reporieu
350.X bushels sold to Germany and
Belgium. It was estimaiea mat m
United States has 2.'i,OO0,00O bushels sold
for export to June 1.
Com and oats mow a rntr
nnri.,iMia wlfh iomB buying of oats on
reports that the freezing temperature had
done some damage. (,-uuniry
ere limited.
Provisions averaged higher with lard
showing the most strength, the upturn
in hogs being, the main influence.
The r-hlcse-o market letter received yes
terday by the Overbeck & Cooke company
of Portland said:
wheat Low temDeraiures over ir
Ington mixed, 912;
Sound alfalfa, I.'IO.
straw, 24; Pure!
Sugar Beet Test Dannexl.
mi.VEVILLE, Or., April 9 (Spe
cial.) Under the supervision of
County Agent Tinker, Crook county Is
to experiment this season In the pro
duction of sugar beets. This experi
ment Is to be tried out on the Ochoi-o
project, selecting; three acrii. on
each on the farms of Fred Woelscher,
Q. W. Slayton and E. T. Slayton. It
Is planned to send the product of
these three acres to a refinery for
testing;, and should the experiment
prove a success it la hoped to obtain a
refinery at this place.
Astoria Itotarlans Fleet.
ASTORIA. Or., April ..(Special.)
John Ts.it was elected today presi
dent of the Astoria Rotary club.
Other officers are: M. K. Chessmun.
vlce-pref cnt; I'sul L. Kcott, secre
tary; J. .I. Anderson, treasurer. The
board of directors consists of the
officers, Charles V. Brown, JtoRor V.
Finneo. R. K. Carruthttrs, F. U. San
born and R. W. Skallerud.
iukk, April w. I esteruay no ... . , . , . ...finiiaH
vances were followed by reaction. In the J" f ? rb-nTt.
market for coffee futures, owing to the cola weamer '""""-; "",",. Th,
1 ,..nt.l . -nrf IhA mnr.
. . .. . . . , . . . i.,Diunia. nowewr. n-c 11; ..u
increased strens-in as a result ot tne re- 1 r ' .
. . 1. - I n K..1,
conservative reports irom
claimed little damage likely to result.
The strength was all In July witn amy
displaying independent weakness, reflect
ing ealne in all cash markets and
large receipts southwest. Kansas City re- ,
1 Bnrt n,i-i nun
ber 6.58c; October. 6.71c; December, Monday: The seaboard reported 350.- j
6.96c: January 7 04c; March 7 18c I Sou bushel, worked for export to German,
ported government buying- The opening
here was alx points lower and active posi
tions showed net tosses of 17 to 18 points
during; the early trad 1 ner, with the general
market showing; a net decline of 8 to 11
points. May, 5.77c; July. 6.1i0c; Septenv
Spot coffee Dull,
Santos 4s, 94 tS9c,
Rio 7s, 6!4!4c; l nd BelKtunl and the Pacific coast 200.000 1
bushels for Japan. . witn trgonuna .vui
holding the bulk of her surplus, elimin
ation of foreign buying In this country Is
not at all Improbable at any time and
!!. Ih. Hnmestic situation In a semi-
demoralized state there appears little like
lihood of advancing prices at present.
I
"Corn Held around yesterday's level i
Total gold held by banks . .3 817.383.000
Gold with federal reserve
agents 1.306 949.000
Gold redemption fund iau.U78.OO0
Total gold reserves 12.264.010 ooo
Legal tender notes, silver, etc. 217.824,000
Total reserves 12.481.834.000
Bills discounted, secured by
U.S. government obligations 946.021.000
11 other 1.128.731.000
Bills bought in open market.. 103.607.000
Total bills on hand ...... ..S2.258.359.0O0
United states government
bonds
United States Victory notes..
nlted States certificates of
Indebtedness. 1-year cer
tificates (Pittman act) ....
All other
25.347.000
19,000
247.375.000
6.303.000
Total earning assets 12.537.603.000
Bank premises 21.0U2.000
Five per cent redemption fund .
against teaerai reserve Dana
notes ii.s47.uou
Uncollected Items 544.255,000
All other resources 11.454.000
..(5.607.793.000
101.226.000
202.036.000
48,053.000
Total resources .
Liabilities
Capital paid In
Surplus
Government deposits
Due to mem-bers reserve ac
count 1.661.938.000
All other deposits, including ,
foreign government .credits. 35.325.000
Total deposits
Chchalis Elks Install
CHEHALIS, Wash., April 9. (Spe
oial.) Newly Installed officers o"
Chehalis Elks lode-e. No. 1374. ara as
follows: C. Le Roy Brown, exalted with principal buying emanating irnm
ruler; J. H. Johnson, leading knight; shorts. Receipts were estimaiea
n.rm t, sears loval knlirht- Charles cars and cash market steady at unchanged
rF,!-,,:.V.5V.,,fr prices Shipping sales of 90.000 bushels
reported. Including some for export. Coun
try offerings to arrive remain ngni.. ar
gentine news is Becoming inuwrniu
bearish. . .
Oats Trade was aulte active with Sep
tember delivery in demand. Receipts were
estimated at 50 cars and cash market firm
to He higher. Shipping sales were 60,000
bushels. The trade actacnea nine impor
tance to the report from Nebraska and
Iowa of frost damage, which may necessi
tate some reaeeding. ,
Rye showed little activity and was
featured by selling May against purchases
of September. Cash rye was dull, but
relatively steady at 10 cents over May
R. Mitchell, lecturing; knight J. W.
Alexander, treasurer; Thomas P. Horn
secretary; George R. Walker, trustee.
Virgil R. Lee has been appointed
esquire; Sam Down, inner guard
T. J. O'Connor, chaplain; Emil Laugh-
ran, pianist. G. L. Thacker. retiring
exalted ruler, was presented with a
fine gold watch, T. J. O Connor mak
ingr the presentation on behalf of the
lodge.
DAILY METEOROLOGICAL RETORT.
vSNnnv A X-T-, , It a TT I ir ... am-l for Mo. 2 OH tr.Ck.
n.r.ir. 7 rievr.- In'wes, .17 River "Provisions Liquidation of long eon-
a i m nit in tracts was less in evidence and the fu
i.ar 2i hou 6.2 foot' fall. 'Total rain- ture market in consequence displayed some
fall 3 P. M. to 5 P. M.), none; total strength.
rainfall since September 1, 1920. 41.37
Inches; normal rainfall since September 1
37.71 Inches; excess of rainfall since Sep
tember 1, 1920, 3.66 Inches. Sunrise, 5:S5
A. M. : sunset. 6:uO P. M .; total sunsnine,
10 hours and 45 minutes; possible sun
shine, 13 hours and lo minutes. Moon
rise. Sunday. 6:58 A. M. : moonset. Sun
day, 9:44 P. M. Barometer (reduced to
sea level), 5 P. M., 29.90 inches. Relative
humidity: 5 A. M., 27 per cent; noon,
23 per cent; 5 P. M., 24 per cent.
THE WEATHER.
Leading futures ranged as follows:
WH HAT.
May.
July.
STATIONS.
Baker
Boise .
Boston
Chicago
Denver
Des Moines..
Eureka
Galveston . .
Helena
Juneauf ....
Kansas City.
Los Angeles.
Marshfield . .
Medford ....
Minneapolis .
New Orleans.
New yora..
North Head
Phoenix ...
Pocatelio . .
Portland
Roseburg ..
Sacramento
St. Louis...
Salt Lake
.. .$1,745,316,000 , San Diego.
2.893,964,000
167.152.000
. 445.108.000
52.993.000
Federal reserve notes In ac
tual circulation
Federal reserve notes In cir
culation, net liability
Deferred availability items
All other liabilities
Total liabilities ....... 5.607.795.000
Ratio of .total reserves to deposit and
federal reserve note liabilities combined.
53.5 per cent . , ,
Ratio of gold reserves to federal re
serve notes in circulation after setting
aside 35 per cent against deposit liabili
ties, 64.7 per cent.
LOWER STEEL SCHEDULES PENDING
Price and Wage Reductions Hay Soon Be
Announced,
NHJW YORK. April 8. Foremost Inci
dents of another reactionary week In the
stock market were the bewildering move
ment of noney rates, Increasing gravity
San Fran
Seattle
Sltkat
Spokane
Tacoma ....
Tatoosh Isl..
Valdest
Walla Walla.
Washington .
Winnipeg ...
Taklma
3i oOiO.ooi
32 64lo.00
48
V Ind
May.
July.
May.
July.
May.
July.
Open. Hteh. 1ow. Close.
$.3.1K ft. 84 14 11.3.1'i fl. 83
1.11 113 1.1114 1.12X
CORN.
.59 .60 "4 .89S .60
.63 .68 .63 .63
OATS.
.S7'4 .37 .8714 .37
.38 .39 hi .38 .39
MESS PORK.
13.50 13.73 13.50
13.75
16.10
Weather.
May.
May..
July.
ICIear
Clear
86; ss'o'oi)
24 40;0.(MII
26 30.01
42j 380.00.
62 72(0 10
161 5410.00
3614610.021. .
30) 42i0.00j24j
&OI oou.ou
. .iSK
. . E
76j0.ss!lOW kJiear
12)NW$now
. . NE
10 .W
NW
N
18
64 j 0.00
72I0.OII
IB,
7810.00
68 0.14114NW!
64 0.00 .
20-0.001
5fW0.0l
73'0.0O
720.00
72.0.00
4410.00
64 O.OOi
62 0.00
60 0.00
74'0.00
t-rSO.OO
64;o.OOj
74r0.00i
64 O OO
t38IO.0O
72 O.OOI
74 0.02
34!0.0O
7010.00
SE
SW
NW
N
SW
N
SW
E
NW
SW
14'.VW
12INW
10'S
10IW
. .Is
I.N"E
. .IN
.. S
12XW (Clear
w ICIear
LARD.
10.05 10.15 10.00 10.57
SHORT RIBS.
9 20 9 82 9 20 ft S3
9.60 9.70 9.57 9.70
Cash prices were:
Wheat No. 1 northern, 11.4601.47;
No. t northern, 11.30.
Corn No. 2 mixed, D7039C; No. 2 yel
low, 69U S914c.
Oats No. -i wnite, Bonp 3u c ; no. 1
white, 37 38c.
Barley 67 G 16ft
Timothy seed J45.50.
Pork Nominal.
Lard $10.00.
Short ribs $8.79.73.
Minneapolis Grain Market.
MINNEAPOLIS. April 9. Cash wheat.
No. 1 dark northern, fancy, - $1.64 HW
1.6914: No. 1 dark northern. $1MH
1.6414 ; No. 1 dark hard, Montana. $l.63'4
l.n.r14: No. 1 hard Montana. si.68Vu
1.6214.
Bar er. 47rae.
Flax. $1.571.58.
Futures Wheat. May. II.Z914 July.
$1.23.
Winnipeg Grain Market.
WTNN1PEG. April 9. Wheat. Msr.
11.66; July. $1.48;
Grain at San Francisco.
SAN FRANCISCO. April 9 Grain
Pt cloudy Wheat milling. 2.152.20; feed. 2.05
Clear 215: barley, feed, Sl.10iUl.15: shipping.
Clear I tl. 2001.40; oats red, feed. S1.45&1.63:
(Cloudy ' corn, white Egyptian, $1.5001.60; red
Pt. cloudy I mllo, fl.75 1.80: rye. nominal.
rw. vluuu; Hay wneat, sw'ji; tame oats, ins
19; wild oats. $12415; barley, $12 15;
alfalfa. 17220; stock. SlOtfli,
Clear
Cloudy
Cloudy
Cloudy
rClear
(Cloudy
:iouuy
Pt. cloudy
Clear
Cloudy
K-'lear
ICloudy
Cloudy
Pt. cloudy
Cloudy
Clear
teloudy
TMouny
Cloudy
KJloudy
ciear
Cloudy
Cloudy
. .NW
For $560
Yon can purchase one
share each of eight sub
stantial listed dividend
paying ttocki that will
bring; thirty-two dividends
or a total of
$62 Annually
which would meaa
Uo on the investment
Purchase mar be arranged
under our monthly pay
ment terms.
Copy of circular fo-4 9 sent
free upon request together
with our booklet "Thrift'
Savingi-tnvfitment."
HfiRRLES ttQi.RK5DNfi Bf
66 BROADWAY NEW YORK
TELEPHONES: SECTOR S63-4
OVERBECK &
COOKE CO.
Brokers, Stocks. Bonds, Cot tea.
Grain, fete.
tlS-217 BOARD OF TRADfC BIJDO,
Walla Walla, Wash,
Portland. Or.
f enuietvo. Or.
If EMBERS CHICAGO BOARD OW
TRADE.
Correspondents of Lognn M rlryaa
Chicago aad New Vork.
MKMIIKRS
New Tork Kieck Esrhango,
Chicago Mrk Ksi-liango,
Boston Stork Exrliange.
4'tiU'ago Hoard of '1 rade,
Ns York Cotton ftCxrhangs.
New Orleans tcittoa r.ichango,
New York Produce t-.xchause
Winnipeg Grain tvsrhang.
Liverpool Cotton A aam-AaUoay
rClear
Pt. cloudy
TA. M. today,
ceeding day.
P. M. report of pro-
FORBCASTS.
Portland and vicinity Sunday, fair;
easterly winds.
Oregon Sunday, fair; gentle easterly
winds.
Washington Aunday, fair except prob
ably rain near the coast; fretfh southerly
winds.
Phone your want ads to The Oro
E0Clant Main .7070, Automatic 580-I5.
Seattle Grain Market.
HT5ATTLK. April 9. Wheat, hard white
and soft white, $1.15: white club. $t.l3;
hrd red winter, soft red winter, northern
spring and eastern red Walla, $1.10; Big
n.nri hlurstem. fl.20.
City dellvey Feed Scratch feed, 59;
baby scratch feed, 71; feed wheat, 52;
all grain chop, $43; oats, $42; rolled oats.
$44; sprouting oats, $4T; whole barley, $0:
rolled barley, $43; clipped bsrley, $47;
milled feed, $33; bran, $33; whole corn,
$39; cracked cora, $41.
Hay Alfalfa, 94; double eompressed
alfalfa. f30; timothy, IM; eastern Wash
MEXICO
WORLD'S RICHEST EMPIRE
If your blood still leaps at the
call of a "new-horn OITOKTU
NITY." send for maps, pictures and
interesting; information about this
"New Eldorado."
It will (lr your blood with the
spirit ot a pioneer.
Fit-EE, IF SEVT FOB NOW
W.W. Duncan
301 Calrnf-lrn BulMIng
haa Antonio Trxaa
HERRIN & RHODES, Inc.
(Established IRM)
BROKERS
MEMBERS CHICAGO BOARD OP
THADU.
Correspondents. K. F. FltTTTOX at
CO. Member. Now York Stock F.s.
rfcange. Private leased W Ires
Direct to All security and Com
modity Markets.
LIBERTY AND VICTORY BONDS
BOUGHT AND SOLD
MAIM ZN3 and 2M4)
Ml-a RAILWAY KACtt. BLDQ.