19
THE SUJTDAY OREGOXIAX, PORTLAND, MAY 22, 1921
STOCK LIST EASES OFF
EEARS FORCE PRICES DOWS
OXE TO FITE POIXTS.
Covering: Reduces losses at Close;
Nominal Declines in Liberty
1 Bonds; Exchange Is Quiet.
KEW YORK, May 21. Recent dividend
omissions and lack of public Interest In
duced further moderate selling on the
stock 'exchange today.
Bears found little trouble In eOrectlna
declines of 1 to 2 points among; rails, 1 low A L ..
a nnfnia In ntinmlrialm and s to ft DOint '
among specialties. Covering of contracts
caved the tension In the better grades of
Issues before the close. Sales were 300,000
shares.
Trading in bonds were light. Liberty
Issues closed at nominal losses. Total
sales, par value, aggregated $4,500,000.
The only feature of the clearing house
statement was another deficit of J423.0O0
In actual reserves, following a decrease of
lightly mora than 14.700,000 In caaji. In
the loan account., marked disparity was
anown Delwten average and actual con
ditions, the former disclosing a decrease
of slightly mors than 151,000,000, while
the actual item disclosed a gain of 11,850,-000.
beatings tn foreign exchange were re-
l.Ouo
1,500
oo
100
200
loo
100
200
2.S00
300
5514
31
33 i
21
Un Rtl Stores 6014
U 8 Ind Al... 1,200 .....
U S Rubber.. l.tMM -71ji
do 1st prd
V 8 Smelting
U 8 Steel 82
do ofd aoo .....
Utah Copper.. 5, 700
Va Chem .... 400
Van Steel 4.100
lvandou ....
Wabash
do A pfd...
do B pfd...
Wells Fargo.
West Pac ...
do pld
West Union...
Westh A B. ..
Westh 7AM.
West Md
White Motors.
Willys-Ovrld .
do pfd
Wilson Pack..
Wis Central...
Woolworth .
Worth Pump..
MS,
68 Vj
7114
82
'5"i
30
81
7
8
21 V4
88
88
"47 "46
8
87
8
86
. 100'
400.
U 8 2s reg.
do coupon .
V 8 4s reg....
stricted to the leading remittances. Sterling
bills eased a trifle, but French, Belgian
and Swiss rates were firm, as were also
snout of the Scandinavian quotations.
CLOSING STOCK QUOTATIONS.
fFurnlshed by Overbeck A. Cooke com
pany, roruana.
1"4
86
100
7no
7llO
800
1. Voo
2. tMJ0
38
44
11
83
4
32 54
10
41
800 80 80
3
105
128
136
74
3.100 65
6)10 103
1.400 127
300 1236
800 75
42
41
1,000 81. 80
38
84
40
60 14
12
14
15
900 114
1,300 3R
300 29
2,4110 65
100 64
800 6
"eoo 'l2
600 28
1.800 27
1,700 42
800 28
8.8O0
'i.Voo 6o""
1,2110 7
1,000 88
Adams Expr.. 800
tAdv Rum ...
Agr Chem.... 400
Ajax Rubber.. 200
Alaska Gold
Alask Juneau. 200
Allis-Chalm .. 1,200
do pfd
Am Beet Sug. 300
Am Bosch ... 800
Am Can 700 28
do pfd
Am Car & F. . 200 12
do pfd
Am Cot Oil... 100 20
do pfd ..... .. . .
Am Drug Syn.
Allied Chem..
Am Hide L.
do pfd .....
- Am Ice
Am Intl Corp.
Am Linseed...
do pfd
Am Loco 100 87
do pfd
Am Saf Rasor 1,000
Am Sh & Com 800
Am Smelter... 800
do pfd
Am Steel Fdy,
Am Sugar ,..
do pfd
Am Sumatra.,
Am T T. . .,
Am Tobacco. .,
do B
Am Wool ....
do pfd
do P pfd... 100
Am Zinc 100
Anaconda ... 800
Assd Oil
Atchison ....
do pfd ....
Atl Coast Line
All Q ft W I.. 2.900
Bald Loco.... 7.200
Balto & Ohio. 3.300
Beth Steel B. 2,500
B R T 100
Butte A Sup.. 300
Caddo Oil ... 100
Cai Packing
Cal Pet 600
do pfd . . . . .
Can Pac
Cen Leather..
Cerro de P...
Chand Motor.
Chi N W..
Chi Gt W.....
do pfd .....
Chili Cop ....
Chino
C M St P
do pfd .....
Coco Cola ...
C A O
Colo F I. ...
Colo O B. ..
Col Graph....
Con Gas
Con Clears....
Contl Can ...
Contl Candy..
Corn Prod ...
do pfd .....
Cosden Oil....
C R I & P
do A pfd...
do B pfd...
Crucible
do pfd
Cuba Cane . ..
do pfd
Cub Am Sug.
Tel & Hudson.
Dome Mines..
D & R G
do pfd ..... 500-
TCmil Johnson. 600
Erie 400
do 1st pfd.. 1,300
ao 2a pia. ..
Fam Players.. 700 72
Fed M A S
do pfd ..... .....
FIsk Tire ...
Oaston Wma ..
Gen Cigars
Gen Electric.
Gen Motor . ..
do 6s
Goodyear
Gen Asphalt...
Goodrich
Granby
Gt Nor Ore. , ..
Greene Can. ..
Gulf S Steel..
Hupp Motor.. -Houston
Oil...
Ill Central
Inspiration . .
Int Agr Corp.
do pfd . . . . .
Interboro ....
do pfd . .
Intr Callahan.
Int Harvester.
Int Mer Mar..
do pfd
Int Nickel ...
Int Paper ....
Invin Oil ....
Island Oil
K C Southern
do pfd .....
Kelly-Spgfld .
Kenecott
Keyst Tire . ..
Lack Steel....
Lee Tire
Lehigh Valley
I-orlllard
Maxwell Mtr.
do 1st pfd..
do 2d pfd..
Mex Pet
Miami
Mid States Oil
Midvale steel.
M K A T
do pfd
Mont Power..
Mo Pac
do pfd -. . ..
Mont Ward . . .
Mt St PASSM.
Nat Biscuit
Nat Enamel... 600 SI
Nat Lead
Nev Con . . . ..
New Haven..
Norfolk A W.
Nor Pac
Nov Sco Steel.
N T Air Brk.
JJ Y Central..
Okla Prod ref.
Ont Silver ...
Ont A W 100
Otis Steel ... 100
Pac Oil 1,000
Pac CAE... 100
Pan Am Pet.. 10. 600
do B 2.5O0
High. Low.
44 43
16 16
60 48
82 82
1
83
88
28
iii"
'26
"i
445
11
83
45
28
88
"6
10
41
38
"84
3
68
15
46
300
1.100
"s.Voo
2.200
100
io.2'06 '
100
1,000
200
600
800
800
1
70
35
32
72
6
23
100
18
113
38
29
64
64
l"2
26
27
42
. 29
69
87
1
69
'84
31
75
"76"
"18
69
23
99
18
1
63
13
20
1
63 i
13
20
Bid.
43
18
60
82
i5
85
is
88
43
83
124
107
20
00
6
44
11
03
.64
45
29
65
. 86
101
6
10
41
77
29
101
64
1 05
126
125
74
97
33
,
80
75
80
38
84
3
68
15
69
40
77
114
8S
28
63
64
6
18
12
26
27
42
29
87
S
59
7
87
38
45
1"
69
103
84
31
75
"64
71
84
1
68
23
100
19
1
63
13
'19
13
BONDS.
99 N T C deb 6s.
99.M P 4s .,
104 V, NJ Ss
uo coupon
Pan 3s reg. .
do coupon ...,"77 Is ir cv os...
A T A T cv 6s.. 98 So Ry 5s . .
Atch gen 4s... 76 U P 4
D A R G con 4S 64IU S Steel 5s
69
68?
71
101
33
82
107
55
31
31
7
8
21
14
63
28
67
87
93
46
10
3U
8
86
41
30
112
60
10
88
77
03
tMT ADVANCE H
CROP IrAJiACE EWS SKYDS
MARKET HIGHER.
104jPac TAT 5s. ..4
-jlttirarcon s
83
87
83
80
95
Bid.
.May Delivery Gains 6 Cents at Chi
cago; Country Sells Freely
on Bulge.
CHICAGO. Mir 21. Wheat prlcei
climbed rapidly today, stimulated by crop
aamage news. Tne market cioseu siruux.
3 to 6c higher, with May 1.6S to
11.65 and Julv 11.28 to $1.28. Corn
painfl ftl n late -nil oats 2 to 3C.
In provisions.' the outcome varied from
9c decline to 10c advance. '
.Serious depreciation of the winter wheat
crop already as well as neavy prospecuv.
Infu was a senerallv accepted interpreta
tion f Mirrnt rmnrtl from field experts,
Bulls contended that such an outlook was
specially significant at present because of
a probability that the country was going
into the new season with a much smaller
carry-over than usual and that shorts in
Julv delivery, as well as in May. might
encounter a notable squeeze. Abnormal
high temperatures and absence of mois
ture tended further to arouse apprehen
sion. Besides, the Kansas state rcuon ...
nished by the Overbeck A Cooke company
of Portland
Liberty SVss ....
do, first 4s ...
do, second 4s .
do, first 4s .
do, second 4a
do, third 4s
do, fourth 4s
Victory 4s ....
do. 3s
" High.
. 88.30
Liberty Band Quotations.
Range of Liberty bond quotations, fur-1 a yieid of 22.000.000 bushels less
than was narvestea in m--v-
hand, the country sold cash wheat freely
on the bulge ana in ion
much of the premium over.
Aatv were swept upward by
87 3a the strength of wheat, although as many
87.14 I as 600 cars ol corn are oiiKu
90.66 1 Monday. ...
Provisions averaged nigner wun iriu
and bogs.
87.54
87.24
80.76
87.40
97.72
97.72
Low. Close.
88.12 88.12
87.22
87.10
87.32
87.12
90.66
87.28
97.60
97.60
87.28
97.62 I
87.62
Ths Chicago market letter received yes
terday by the Overbeck Cooke Company
of Portland said: A
Wheat Bullish sentiment was rampant
Mining Stocks at Boston.
BOSTON. May 21. Closing quotations:
Aiiouez ....... :onn uuue - J " i " - -- L . -
Ariz Com 801d Don ...... 22 land bearish factors which might otner
r- 1 JL ai, O....U Ql vlu V, o , - a .ttroi-l, attention WBTfl Com-
Calu A Hecla.'!253 Qulncy .!.'.'"" 40 I pletely Ignored. The advance was founded
Centennial .... 8Superior 3 I almost entirely on damage reports from
t-op itange .... itvi sup ft Boston., in i the southwest which, in reality, were tcuc
East Butte ... 9 'Shannon 91
Franklin 2 IL'tah Con 4
Isle Royalle ... 21 (Winona 45
Lake Copper... 2 Wolverine 11
Mohawk 62
Swift A Co. Stocks.
Closlnr prices for Swift A Co. stocks at
Chicago were reported by the Ov.erbeck A I ported some wheat worked to the contl-
tltions of advices sent out by our air.
Tnrlin when nni-M wern materially lower.
other news was of a reverse nature. The
enjth riemnnri was slow and SPOt pre
mluma were sharply lower, especlalll
around the close, when offerings were on
a delivery basis. Shipping sales reported
were only 5U00 bushels. The seaooara re-
Cooks company of Portland as follows:
Swift A Co 96
Libby. McNeill A Llbby.. 9
National Leather 7
Swift International 25
Money, Silver. F.tx,
NEW YORK, May 21. Prime mercan
tile paper, 6 07.
Bar silver, domestic, 99; foreign 58.
Mexican dollars, 45c.
LONDON, May 21. Bar silver, 83 d per
ounce. Money, 5 per cent. Discount rates
short bills, 6 per cent.
EXPECT FURTHER READJUSTMENTS
Improvement la Railroad Situation Gold
Imports Continnee.
NEW TORK, May 21. Financial mar
kets this week indicated Wiat further im
portant readjustments were to be ex
pected in the country's recovery toward
pre-war condftlona Developments in the
stock market gave evidence that many I
irregularities, which had their origin in
inflated values, over-production and ab
normally high operating costs, were be
ing subjected to more drastic revision. Wall
street and investors showed they had be
come more or less Inured to reduced or
nent hut FKv no auantltv. and the opin
Ion prevailed that foreign buyers would
not follow the advance. Country offerings
were very liberal and larger receipts are
expected next week. Should rains occur
over Sunday the market would be very
vulnerable to selling pressure and the
technical position has been weakened oy
short covering the past few days.
Corn being under pressure eany in me
session, this market developea greater
strength than was shown for a long time.
Cash prices were about 1 cents higher
and shipping demand quite active, witr
sales of 200,000 bushels reported. Country
offerings to arrive were liberal and the
trade expects about 500 cars for Monday's
market. The course of prices for the Im
mediate future will depend on the ability
of the cash demand to take care of the
increased receipts. Indications are not
lacking that the offerings will be well
taken, m wnicn event it goes witnout say
intr that a strong market will obtain.
Oats This market got out of the rut
and advanced sharply, with offerings light.
Crop advices Indicating continued loss In
condition, combined with an active snip
ping demand at hihger prices, caused the
reversal of sentiment. Country offerings
were reported fairly liberal, but not large
enough to be considered Indicative of be
ing burdensome at this level of prices.
Rye futures were higher, with a strong
situation apparent In both May ana July.
uanended dividends, due to nonr earn
ings and increasing financial needa Many I Cash was in good demand and advanced
additional changes of this character were I with futures. Nothing was heard from
expected in the third quarter of the year. I export circles.
under ths serface, however, there was I Leading futures ranged as toiiows:
July.
Sept.
July..
Sept..
May..
July..
1.000 15 15
800 136
3.800 12
10.500
900
200
1.800
9O0
700
600
400
600
200
300
900
- 800
300
200
1.800
1.20O
300
600
200
70O
600
200
500
200
600
200
68
37
24
69
"33"
12
76
00
36
9
49
4
12
5
15
70
18
4
26
61
44
21
14
49
26
52
135
12
68
36
24
68
'33
12
75
90
36
9
49
4
12
3
"is"
69
18
4
26
61
43
21
14 v
48
26
62
13.800 146 143
4,400
3o0
100
200
"300
500
21
100
l.Ouo
1.100
10.100
2.900
600
13
27
2
4
41
21
12
18
96
70
69
3
13
27
2
4
"ii"
40
21
50
'ii"
18
96
.68
6S
3
1.1
37
53
65
39
3.1
60
21
"S3
2N
62
30
'83
101
14
71
100
3.200
16
4.300
Penn 400
Peo Gas 3,100
Pere Marq.... 1.0)10
Phila Co .... 100
Pure Oil 1.100
Pterce Arrow. 3.3HO
Pierce Oil .... 400
Pitts Coal .. 3"0
Pitts A W Va. 300
do pfd
Pr Steel Car.. 200
Pullman 2,"0
Ray Con 400
f?eadlng 4.300
Remington
Repl Steel ...
Rep 1 A S
do pfd
Rep Motors. ..
Ryl Dutch Oil.
Ry Steel Sprg.
S U Ina
Sears Roebuck 200 76
Shattuck Aria
Shell TAT
Sinclair 10.700
gloss Shef ... IOO
So Pac 3 800
So Railway .. 3, 000
do pfd 4K
St L A 8 F. .. 800
Strom Carb
Studebaker .. 11.900
Swift Co
Tenn C A C. .. 300
Texac Oil .... 1.300
Texas Pac . .. 300
Tex P C A O. 2.100
Tob Prod .... 200
Tr Cont Oil.. 1.0OO
I'n Oil Del 6.000
Union Pac ... 3.200
1'ntd Alloy ..
Untd Drug
Utd Food Prod
13
37
63
64
57
34
49
21
'83
2K
9
61
29
"83
59
14
70
87 56
16
63
26
40
73
61
23
"77
97
9
88
24
27
66
10
23
118
18
63
78
28
41)
75
20
61
23
7"
. 96
38
23
26
56
10
24
118
21 21
7
27
15
1
136
12
u
9
311
2;)
66
24
34
12
15
HU
36
9
4
4
12
90
14
54
1.1
69
8
26
01
43
21 4
14
48
26
02
15s
5
5
1
145
23
13
27
2
4
63
21
40
21
69
113
50
11
12
18
. 8
'
as
68
68
3
6
18
13
37
63
64
58
34
60
21
82
33
28
9
61
29
74
83
99
14
70
37
27
57
89
16
63
8S
74
75
44
26
39
73
20
51
23
86
76
96
9
38
26 "
56'
10
24
118
29
98
Zl
evidence that Germany's acceptance of the
reparations terms was having its effect
This was seen not only, in the strength I May.
of foreign exchange, but in ths lower rates i July
of discount fixed by all the federal re
serve banks.
The position of the railroads showed
some signs of improvement arising from
increased tonnage and -the proposed wage
reductions But these factors were large
ly counterbalanced by the attitude of
labor organisations and demand for lower
freight rates
Commercial loans showed steady con
tractions from the high neak of January
and brokers' loans were measurably I July
smaller. Sept.
Much new financing for domestic and
foreign undertakings is contemplated, in
eluding a French government loan ap
proximating 8100,000,000, mainly for re
funding purposes.
Goid continued to pour Into this coun
try and the total for the first five months
promises to exceed 1300.000.000. Imports
from Latin America where exchange rates
have manifested greater weakness, were
the direct reflection of demoralized trade
conditions.
Foreign Exchange.
Foreign exchange rates at close of busi
ness yesterday, furnished by Northwestern
National bank of Portland. The amount
quoted is the equivalent of the foreign
unit in United States funds
WHEAT.
Open. High. Low. Close.
S 1.60 $ 1.66 1.59 t 1.65
L24 1.28 1.23 1.28
.60
.63
.38
.40
CORN.
.62
.65
OATS.
.42
.43
.60
.62
.38
.40
MESS PORK.
LARD.
9 65 9.85 9 65
9.97 10.15 9.97
SHORT RIBS.
July
Sept
.61
.64
.41
.43
17.25
17.25
9.72
10.05
10.02
10.30
10.25
raah nrlr.fl were:
Wheat No. 2 hard, Jl.69; No. 1 mixed,
Corn No. 2 mixed. 6061c; No. 2
yellow. 6161c.
Oats No. z wnne, dva Vuxci 0
white, 3940c.
Rye No. 2, $1.53,
Barley. 53 68c.
Timothy seed. J4.504J6.
Clover seed, 813018.
Pork, nominal. .
Lard, 89.45.
Ribs, 1). 50 10.50.
Feeder pigs 8.50 9.50
Sheep
Primelamba 7.000 7.23
Fair to good 6 000 7.00
Cull lambs 4 509 5.30
Feeder lambs 8.000 4.50
Light yearlings 5.00 6.00
Heavy yearlings 4.50 5.00
Light wethers 4 so 5.00
Heavy wethers 3.50 ,4.50
Ewes 1.00S? 4.25
Chicago Livestock Market.
CHICAGO. May 21. (C S. Bureau of
Markets.) Cattle Receipts 600: compared
with a week ago: Beef steers mostly
steady; plain heavy steers 15 to 25c lower:
she stock and bulls steady; spots weak:
veal calves 25 to 50c higher: stockers and
feeders 15 to 25c higher; top beef steers
for week, 39.65. .
Hogs Receipts 4000: generally 10c
higher: top. JU.00; bulk, S8.50iS8.85; pigs,
nominally steady; holdover light.
ISheep Receipts 4000: practically al!
packer direct. Compared with week ago:
Best light fat shorn lambs, steady to 25c
llwer; heavies and culls 50c lower: best
springs 25 to 50c higher: matured sheep
75c to $1.00 lower: heavies and cull ewes
oft more; yearlings irregular.
Omaha, Livestock Market.
OMAHA. May 21. U. S. Bureau, of
Markets.) Hogs Receipts 4O00; fairly
active; steady to 10c higher: bulk 180 to
240 pound butchers, $8.258.40; top. $8.50;
bulk 250-pound butchers and over, $7,900
8.13.
Cattle Receipts 800; compared with
week ago: Beef steers and she stock
mostly 25 to 50c lower: bulls. 60 to 75c
lower: veals weak tn 7oc lower: stockers
andreeders firm.
bheep Receipts none. Compared with
week ago: Soring lambs 50c higher
clipped lambs 25 'a 50c higher; sheep 50 to
lie lower; feeders strong.
Kansas City Livestock Market.
KANSAS CITT. Mo.. May 21. (U. S.
Bureau of ITarltets.) Cattle Receipts
5o0. For week: Beef steers low 25c lower:
she stock weak to 25c lower: bulls, kill
ing calves and stockers and feeders mostly
2550c lower: stock cows and heifers and
canners steady: stock calves 2oc lower.
Hogs Kece pts 500: mostly steady to
strong; $8.35 paid for 180-pound to 210-
pound- nogs: bulk of sales. r8.00wH.35.
sneep Receipts isoo. f or week: ewes
and. spring lambs 2540c higher: sheep
fio it 50c lower.
Seattle Livestock Market.
SEATTLE. May 21. Hogs Steady: no
receipts; quotations unchanged.
Cattle Weak: no receipts: Quotations
unchanged.
SAN FRAXCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc.. at Bay City.
SAN FRANCISCO, May 21. Vegetables
Asparagus, 4llc; Italian squash. $1.50
1.10 crate; potatoes, new. 2 62 3c lb.:
sweets, Nancy Hall. $68.50; onions, Aus
tralian Brown, nominal: green. $1.8302
box; tomatoes. Imperial Valley, $1.75$
2.25 per box;'ceIery. nominal; garlic, 6 '6 8c;
oen peppers, tvtei.uc; cniii, lutwioc: peas.
6S10c; rhubarb, Alameda, $1.251.75; let-
uce, Sacramento, $2.002.50 crate: arti
chokes, $49 per crate; spinach, 23o;
beans, string, 1015c; wax, 12614c; egg- j
p.Miik, .1 71 v u-j , suunca veseiauies, nom
inal; green corn, 40050c dozen.
rounry loung chickens, 30960c:
staggy roosters, 2025c; old, 1318c; hens
23&35c; ducks, 25035c; geese, 25c; tur-
eys, live. 40c: dressed. 45fi)50c: aouah
45048c fancy; common, $3.50 dozen: old
igeons, $3 dozen; Belgian hare. live. 20 S
22c; dressed, 25 28c.
Fruit Oranges, navel, $2.7503: Valen-
elas, $308.75; lemons, $25004; grapefruit
$2$3.73; apples, $102.50: strawberries. 5$
tjiac arawer. t.2pw i.do crate: raspber
ries. $1.2501.75 drawer; blackberries, $2.25
02.50 crate: gooseberries. 6a7l4c-. banin.
as, 8 010c: Avocadoes, $306 doz. ; cher
ries, $1.75 0 2.25 box, 4017c lb.; apricots.
2.30 four-basket crate; figs. $303.60
six-layer box; peaches. $2.2502.50 per
crate. '
Receipts Flour, 1118 quarters: wheat.
2400 centals; barley, 2108 centals; beans,
850 sacks; corn, 152 centals; rye, 20 cen
tals; potatoes, 112 sacks; onions, 23 sacks;
hay, 60 tons; hides, 328 bundles: oranges
and lemons, 1200 boxes; livestock. 150
head.
MOTOR BURNOUT INSURANCE
Machinery Breakdown Insurance
Pays loss of time and other consequential damage, as well as property loss.
-i . - v
Written ONLY by " ,
ROYAL INDEMNITY COMPANY
of New York
DOOLY AND COMPANY
General Agents
Lret our representative tell you about this new form of protection.
Marshall 702
Coffee Futures Quiet.
NEW YORK, May 21. The only business
reported In the market for coffee here
today consisted of a few sales ol July ana
September late In tne morning, inn mar
ket opened unchanged and closed at a
net advance of two to six points. May,
s tt. inlv 3 92c: SeDtember. 6.31e: Octo
ber. 6.46c: December, 6.77c; January 6.87c;
March, 7.07c
Soot coffee dun. Kio (s. oc; canto.
8c to 9c No fresh offers were re
ported in the cost and freight market.
Naval Stores.
SAVANNAH. Gl. May 21. Turpentine,
firm. K7iA057c: sales. IBS barrels; re
ceipts, 269 barrels; shipments, 418 barrels;
stock. 7621 barrels
Rosin, firm: receipts, iuuz oarreis; snip-
ments, 955 barrels; stock. 75.823 barrels.
Quote: B, $3.6003.80; D, $4; E. 4 iu; r,
$4 20; G. $4.25; H. $4 35: I, $4.50: K. $5;
M, $5.60; N, $6.33; WO, $6.85; WW. $7.85.
Sried Fruit at New York.
NEW YORK, May 21. Evaporated ap
ples firm, state lO01Oc; prunes firm;
peaches steady.
. ' i
New York Sugar Market. .
NEW YORK,- May 21. Raw sugar, 5.02c
for centrifugal; refined, 6.30c to 6.60c for
fine granulated. .
Cotton Market.
NEW YORK, May 21. Cotton closed
quiet at a net decline of 6 to 15 points.
Grange Meets at Kelso.
KELSO, Wash., May 21. (Special.)
Cowlitz Pomona grange held its
regular quarterly meeting Friday as
guests of Catlin grange of this city,
following the business session a din
ner was enjoyed.
Phone your want ada to TTve Ore
fronJan. Main 7070. Automatic 660-95.
Austria, kronen.
Belgium, francs
Bulgaria, leva
Csecho-Siovakia, kronen..
Denmark, kroner
Bngland, pound sterling..
Finland, Finmark
France, francs
Germany, -marks
Greece, drachmas
Holland, guilders
Hungary, kronen
Italy, lire
Jugo-Slavla. kronen
Norway, kroner 1603 I 9 va 7.
roriugai, escuaos O040 I
Primary Receipts.
.0031 I CHICAGO, May 21. Primary receipts
.onus Wheat, 801,000 nusneis vs. e.n.uuu Dusn
.0135 1 ela: corn 609.000 bushels va 512,000 bush
.0155 1 els: oats. 445,000 bushels vs. 871,000
.1827 hn.h.l.
4.0150 shioments Wheat. 796.000 bushels va
.18-1 Ii t?Q iuui HiiBtiet.- enrn A70 000 huilhela va
"2?-S 224,000 bushels; oats, 322,000 bushels va
429.000 bushel
XXiX 39 vs. 32: oats. 19 vs. 49. St. Louis
"nk? 1 Wheat. 32 va 39; corn. 33 va. 38; oats, 28
OOfis va 30. Kansas City: Corn, 23 va 25; oats.
Roumania, iei niK4
Serbia, dinara 0345
Spain, pesetas .1370
Sweden, kroner . . . .- 2373
Switzerland, francs 1803
China-Hongkona local currency... .4925
Shanghai, taels .m5
Japan, yen 4850
NEW YORK. May 21. Exchange ute.riv-
sterllng, demand, $3.99; cables, $4.00.
Francs, demand, 8 77; cables, 8.79. Belgian
francs, demand, 8.75; cables, 8.77: guilders
demand, 35.83: cables, 35.93. lire, damand'
6.56; cables, 5.68; marks, demand. 1.68;
cables, 1.69. Greece, demand, 6.35. Sweden,
demand, 23.65. Norway, demand, ,18.03.
Argentine demand. 31.62. Brazilian, de
mand, 13.15; Montreal. 1.10"-. Der cent
discount.
Foreign Bonds.
Foreign bond quotations furnished h the
Overbeck & Cooke company of Portland:
nussian Dtos. Jtf-'l .... 1 u.
Russian 6s, 1926 5
Russian 6s, 1919 15
French 5s. 1931 68
French 4, 1917 5u
PTencn ss, i2o go
Italian 5s, 1918 45
British 5s. 1922 sua
British 5s. 1927 393
British 5a, 1929 393
British vky. 4s ; 3i
British ref. 4s " 281-
Belglan rest. 4a 73
Belgian nrem. 6s . 7ft
German W. L. 5s 3
Berlin 4s ,
Hamburg 4s i
Hamburg 4s ig
ieipaig s 15
L,eipsig 5s mu
Mnnl.h . - -
Frankfort 4s
Japan 4s
Japan first 4s ..'
Japan second 4s
Paris 6s
United Kingdom 5s, 1921.
unuea mngaom 0s, 1922 .
United Kingdom 5s, 199..
United Kingdom 5s. 1937..
. 17
. 16
. 68
. 84
84
.- 99
. 99
7
91
85
16
7
" 17
70
65
81
46
410
404
404
324
291
78
80
14
17
17
17
18
17
19
18
68
85
85
99
99
97
91
86
1.700
Vnited Fruit 109
Vntd Rds N J ,10
SU ptlX 100 jLves, se.ua, lii
QUOTATIONS ON DAIRY PRODUCE
Market Prices Ruling on Batter, Cheese
and Eggs.
SAN FRANCISCO, May 21. Dalrv ...
change closed.
CHICAGO. May 21. Butter. hl-h.,-
creamery extras, 27c; firsts. 21 24c; sec
onds, 17 20c; standards. 27c.
Ezga, higher; receipts 21.646 ee.-
firsts, 2122e; ordinary firsts. 18fiI9c:
at mark, cases Included, 20&21c; stand
ard a 22c.
NEW YORK. May 21. Butter, stesdv:
creamery higher than extras. 28U.K?9n?
creamery" extras, 28c: first a 2427c.
Egga firm: fresh-gathered extra firsts,
24t25c; first 21?23c.
Cheese, unsettled; state whole milk
flats fresh specials 1518c: state whole
twins, specials, 15 16c
SEATTLE. May 21. Eggs, select local
ranch, white sheila 24t23c: do. mixed
colors. 23 '-'4c: pullets ISC 20c.
Butter, city creamery cubes. 20c; bricks
or prints, 30c; country creamery extras,
cost to Jobbers In-cubes, 25c.
Deficit -In Reserves.
NEW YORK, May 21. The actual con
dition of clearing bouse banks and trust
companies for the week shows a deficit
In reserves of $424,930. due to a decrease.
gf J VUi,a30 from lust week. j
Minneapolis Grain Market.
MINNEAPOLIS. May 21. Cash wheat,
No. 1 durum, $1.58 1.72 ;. No. 2,
si.a2v.ei.65: No. 3. 81.48 1.55; No.
1 northern. $1.54 1.62 : No. 3. $1.41
ai.50"A: NO. 1 R. S.. $1.44 Bll.04 ; M0.
2, $1.481.51; No. 3, , 1.46 l& 1.48
Barley. 46 62c
Flax. No. 1. 11.94 B1.S7.
Futures, Wheat, May $1.46; July. $1.32.
Winnipeg Grain Market.
WINNIPEG. May 21. Wheat May.
$1.92; July. $1.66; October, $1.33.
Duluth Linseed Market.
DTJLUTH, May .21. Linseed, on track.
$1.94; to arrive. $i.H4.
. Grain at San Francisco.
SAN FRANCISCO, May 21. Grain
Wheat, feed 32.152.25. millings $2.25
2.40; com, white Egyptian $2.202.30, red
milo 1.902.05; barley, feed $1.201.25,
shipping $1.301.45; oats, red' teed $1.50
1.60.
Seattle Grain Market.
SEATTLE, Wash.. May 21. Wheat
Hard white, soft white, white club, $1.40;
hsrd red winter, soft red winter, northern
spring, eastern red Walla, $1.35; Big Bend
bluestem, $1.40.
City delivery: Scratch reed, foO per
ton; baby scratch feed, $67; feed wheat,
$54; all-grain chop, $42; oats, $39; rolled
oats, $41; sprouting oats, $44; whole bar
ley, $39: rolled barley, $41: clipped barley,
$46: millfeed, $30; bran, $30; whole corn,
$40; cracked corn, $42.
Hay Alfalfa, $24 " ton: double com
pressed alfalfa, $31: do timothy, $35; east
ern Washington -mixed. $30; straw, $24.
LOCAL LIVE-STOCK MARKET INACTIVE
Only One load of Cattle Received at
North Portland.
Only one load of 26 cattle reached the
North Portland stockyards yesterday and
as the market was inactive during the
day no changes in prices were made. In
the cattle division the undertone was weak
and other lines were steady.
Livestock prices at the local yards fol
low: Choice steers $8.25fl? 8.50
Medium to good steers 7.50W 8.50
Fair to medium steers 8.75 7",30
Common to good steers 5.75'ul 6.75
Good cows and heifers 6.75?9 7.00
Medium to good cows, neirers. 0.751? 6.23
Fair to medium cows, heifers. 5.25a 6.75
Common to fair cows, heifers. 4 25 5.25
Canners 2.75 4.24
Bulls 3.5010 5.50
Choice dairy calves 9.50 10.00
Prime light calves 9.004U 9.50
Medium light calves 6.00 9.00
Heavy calves 8.009 6.00
Best feeders 6.25 6.75
Fair to good feeders 5.75 6.25
Hogs "
Prime light 9.25 9.50
Smooth heavy, 250 to 300 lbs. 7.30r 8.30
Smooth heavy, 300 lbs. and up. 6.50 7.50
Rough heavy 6.00 7.5U
Stags 4.00 7.50
fit n! 0.000 9.60
9
Yield
The Unsold Portion of
$62,500
Port Goquitlam, B. G.
7 20 Year
General Obligation Bonds,
Passed and Approved by the Special Act of Par
liament of the Province of British Columbia
Denominations $50O, $1000
PAYABLE U. S. GOLD COIN
PRICK 81.60 VTFXn 9
THE UNSOID PORTION OF
$39,000
City of Prince George, B. C.'
6 15 Year
GENERAL OBLIGATION
SCHOOL BONDS
PAYABLE U. S. GOLD COIN
Denomination f-IOOO
PRICK SS.71 TO YIELD 8
Phone or Wire Reservations at Onr Expense
H. E. WILLS COMPANY
INVESTMENT BONDS
316 V. 8. Bank Building, Portland.
Circulars on . Request.
raBneswTiun 1 -1 inewew,a n n . 1
8
Yield
,1. Ii 1 iW I - -M'H j. S 1 1 HI IJ H
Broadway 1011.
iess
We Own 60 Acres of Fine High
Colored Marble Land in Southern
Alaska on Prince of Wales Island
Quarry near us sold for $148,000 within past few days. Nothing on
this island to compare with the beautiful colorings and large number of
distinct color groups found on our property. For six years we have
been uncovering the great marble ledges and preparing to market.
Power machiney and large crew will start quarrying next month, it is
expected. We can quarry and market it for less than $2 cubic foot.
Present prices from $12 to $32 in the rough. We have strong U. S.
Qovernment report on our property and endorsements from prominent
Alaska officials. ' We offer you a clean, safe investment Capital
stock $100,000, all common stock, all non-assessable, with more than
93 of the Btock still in the treasury. There is no promotion stock,
no debts, no salaries for officers until dividends are paid. Circular
with pictures of the marble from our quarries, map of location and
full particulars on request. It is not a speculation, but a safe, con
servative investment that promises large returns within a few months.
From $10 up may be invested. .
WRANEL MARBLE CO., HALLER BLDG, SEATTLE, WASH.
ALLEN BROS. CO.
BTtOKERS
Correspondents
The diss. R. Mr Lain Brokerare Co.
Established 1014 Denver. Colo.
STOCKS CHAIN
(Stocks Listed New York Exchange)
216-217 Chamber of Commerce Bids;.
Phone 811-18
All Investors .
Interested in
Railroad Securities
Should have a copy of the pamphlet
"Is Market Leadership Shifting
Back to the Railroads ? "
Just off the press and containing timely and interesting
data on what we consider the most attractive railroad
stocks and bonds.
Copies sent free upon request for Circular FG-53 -
Charles H. Clarkson & Co., Inc.
STOCKS BONDS
66 Broadway, New York
- Til. Bowling Green 4020-30
We Offer and Recommend ,
Republic of Chile
5 Sterling Loan of 1911
Due On or Before 1948
These bonds are the direct general obligation of the
Republic of Chile. Chile has borrowed on government
bbnds for 95 years and has never defaulted on any of its
loans.
Chile has th greatest nitrate deposits in the world and
the value of this resource alone is enough to pay its total
external debt several times over.
' PRICE $540 per 200 (Par Value $974)
The daily yield at the present low price of exchange is
,7.41, which will increase up to 9.02 when exchange
is at par. In addition to this yield, your principal will
increase from 44, if the bonds are paid at the present
price of exchange, up to 80 if the exchange is at par
at date of payment. - .
Free From All Chilean Taxes
We recommend these bonds for conservative invest
ment. Wire or write for full details.
FJnevereaux5i(5mpany
INVESTMENT BONDS
87 Sixth Street Broadway 1042
Wells Fargo Building, Portland, Oregon
General Obligation Coupon Warrants
of
Sunnyside Valley Irrigation District
Sunnyside, Washington
This is a municipal security similar to the local improvement
coupon warrant, which we have been offering, but is strictly a
general obligation of the entire irrigation district. This district
comprises more than 80,000 acres of irrigable land of which
75,000 acres are under cultivation, the conservative value of the
land and improvements being more than $16,000,000.
A block of $25,000 of these warrants will be issued under date
of July 1, 1921. Denominations, $100 and $500. Maturity on or
before five years, although it is believed they will run five years.
Interest 8, evidenced by coupons payable semi-annually, Janu
ary and July 1. They will be offered at par and accrued interest.
Detailed information upon request.
G. E. RODMAN, Secretary.
Five men who know something
about selling bonds should
communicate "with
Mr. Burke, Main 5643
TEXT BOOK
OF
WALL STREET
A 40-page book (copyrighted)
discussing clearly and unmis
takably rules governing stock
market transactions:
Mrlkoda of Tradlnc.
CommU.lon Hatra.
How Open an Arronnt.
Anarmentlnar One'a 1 nroar.
Depoalt Hequlrrraeala for Car
ryinjr fetocka am Account.
k Dlctlonarj at Wall Ptrcrt.
HIMorr of Mew York Slock
Hlatorr of the New York Carh
Market.
Forelga Kxrhaha;e.
And mr other aabjeeta of la
tcreat-to laveatora Bad atork,
trauera.
Copr free apoa reqaeat. j
McCall & Riley Co-Inc.
20 Broad Street New York
OVERBECK &
COOKE CO.
Broker. Stork. Road, Cottoa.
Uraio. Kto.
tit-1 17 riOARI) OF TRAPK BLDO,
Walla Walla, Maao,
f-ortland. Or.
feadietua. Or.
II EMBERS CHICAGO BOARD Of
IHADtS.
Garreapondeof of Loraa A flrvma,
thJi'ao aad timw lork,
MEMIiFK.a
Kew York stock Kxrhaara.
Chlcaco Mok fcftvbauBO.
Uoatoo Stoi'k Ezrhanaa.
( lifc-aao Hoard o( Trade.
New lurk Cottno Kirliarure.
firm OrlcuoH t'otUia r.K'hanca,
New lork Prodii fcirliauaa,
W inntprc Grata Ksenaace.
Uvarpooi IvUoa
We Want Your
Butter, Eggs and
Cheese
Market la very firm on cube but
ter. Write or wire ua what you
have to offer.
LIVK AM IRKS4i:l) rOlLTHV,
I KAI. A M IKX.S
(.Hll AMI A I.I.
FAKM l'HUOItK
Phooe, Aato. M'-dd.
Brown Company
310 Ilort Portland, Or.
j Wells Fargo Building, Portland, Oregon
STANDARD OIL COMPANY
of New York J
12-Year &2 Gold Debentures '
Denominations $1000, $500, $100 II'
AN INVESTMENT FOR THOSE WHO DEMAND III I
EXCEPTIONAL SECURITY I
7 I Pnce 100 and interest
1(11 For complete information and eimular write. I
II I I call or telephone Broadway 8171. I III I II
111 ' J
bOND & I.OODWIN ft UfKER
I I I II! I I imrTED STATErNATyoiBAMC .U.LD.NC I
II; 1 1 f wiv i i-v-v.i 1 1 1 1 j i
I j I M T KANCHCO IOI AHCElIf SEATTLE j II I I
HERRIN & RHODES, Inc.
(EatablUkrd 1NM)
BROKERS
HE.UBEHS CHirACO HOARD Or
THAUU.
rorreapondeala. K. K. llt'TTOI 4k
CO. Meaabrra Aew York Mock Kt.
rkaace. 1'rlvato Leaaed W Irea
Direct to All Becnritr aod Cuof
anodltjr Markela.
LIBERTY AND VICTORY BONDS
. DOltillT AND SOLD
MAIM 2K3 aod 3H4
291-S HAIL W AH h-ACU. BLD&
MEXICO
WORLD'S RICHEST EMPIRE
If yur blood mill leap lit tb
call of a "nuw-born ori'OKTU
NITY." send f'r mapn, pictures and
int. Testing Information about tnii
".New Kldorado."
It will fire your blood with th
aplrit of a pioneer.
FHEK, IK SE.T FOR NOW
W.W.Duncan
311 Ca..Ml.n Dnllillnc
bmm Antonio, Trxna
THESE ABE HARVEST DAYS
FOR THE SMALL INVESTOR
The whnle worM ( MiMln fnr
money at the h Ik heal itilurcnt
rate in all hlktory.
Today you can net 10 on every
flM) with vali'ty on a mimn
.hiirh-prrnie prffirred stock with
valuable "rUlus."
Write fnr Flnanrlal Statement,
Hank Hi'tVrenceti, etc.
J. E. THOMSON & CO., INC.
126 Liberty St., New York
High -Grade Invest
ments Tlrlillnar From
7 to 10
and Including
Bond, and Trefrrrrd Stocka of
taqueatloned Safety.
Order taken for nv unlisted se
curity KorelKn Kxohung.
G. B. Harrington Co.
Securities on Any Market.
403 Title A Tru.t IIIiIk. Main .fl7.
aifflavr
PAYMENTS
On Acfl mrnti Wvt V Stack
or hond Purcfi-rrrwve
dtvicirnd. Writ Ur twi'tctetl
Ut en4botWe-FKt..
JFMCoVern&C?
Brokers Wanted J
to pell hlifh-Krade iitork l?ue. ,
Stronjr BeHina ounlitiea. One
of bent-known bank president
neada company. Larue enrnlniiH, i
Address "Hanker." I'. O Box i3.
City Hall Station, New York.
.MAK1; MOKV Willi MU'ilU.1
I'lt Tl HKS.
I have a Now, Modern Motion-IMc-ture
Machine complete with Elec
tric Motors or crank drive new
odel, never been used. Will aell
at HALF I'HICK and arranse
terms with reliable parly. Write
quick If y o ti want It. W. M.
Kdholm. 131 Westlake Nortli,
Seattle, Washington.
Thone your wan-t ada to The Ore
g;on.lan Slain 7070, Automatic 560-3;.