The Sunday Oregonian. (Portland, Ore.) 1881-current, June 05, 1921, Section One, Image 21

The Sunday Oregonian., June 05, 1921, Section One, Page 21, Image 21

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Newspaper Page TextTHE SUNDAY OREGOXIAX, PORTLAND, JUNE 5, 1921 ? 21 ADVANCE IN HIDE PRICES IS CHECKED Temporary Reaction May Take Place in Market TANNERY DEMAND SLOWER Coon try Hides Fail to Follow Pack ers Upward; Export Situation Is Important Factor. Thra wtl B enanca tn local hlds price during the week and none 1 expected, un leas possibly there Is a reduction In the Mica of calf skins, which are hither her than the eastern market warrants. "After several week of ry active trad ing the hide market has finally developed a weaker tendency and It looks like we are in for another doll pell," aatd Georg-e M. Sullivan of the Portland Hide Wool Company. "Packer hidea advanced on each succeeding; sale until the market for the best bis packer stock reached prices which look rather high as compared with ask In r prices for small packers. The country hide market did not follow the packers up. and these are still la targe supply, al though most of them are held now by dealers and are. therefore. In stronger, hands. Tanners will not make an offer for old country stock and are not anxious for the fresh hides either. It seems the demand Is for the better grades of leather, and packer stock, both hides and calf, are about the only thing that can be sold. "Wires from the east today show a very weak market, and It would not be at all surprising If hides and akin should de cline, at least temporarily. "Exports of sole leather for April. 1921, were 82.489 pounds against 2,217.078 pounds for April, 1920. Exports for ten months ending April this year were 12. 838,987 pounds against 68.319,723 pounds for a similar period of 1820. The same shrinkage in our exportation of calf and kip leather Is noted, as well as In goat and kid leather. Total value' of the ex porta of leather and goods manufactured therefrom for the ten months ending April this year was !0.S23,23. against J-03.-945.318 for a similar period in 1920. "It Is unlikely that hides and skins will bring much more money until such time as we begin to export more leather and shoes. "To offset the shrinkage In export we find that importations are shrinking, ana the cattle kill over the entire country mach less than for years past, due no doubt to the fact that meat at retail has not declined in proportion to other ar ticle which will take the place of meat Francisco to New Tork er other eastern points l practically T cent per dozen. A representative of the bureau of mar kets who Is stationed In London has been notified to make an Inspection o the quality and condition ef the egg when the steamer arrives In England. BIOS FOB WHEAT ABE WITHDRAWN X Baying Offer Seat lata Country! Market Weak at All Point. Wheat business was almost at a etandl still yesterday.. So far as could be learned, no bids were sent Into the country. The tone of the market was decidedly weak a a consequence of the slump at Chicago. Bids on hard white at the Merchants' Ex change were the ifmi as Friday, but soft white was. down 2 cents and club lost 4 cents. No offers were made on the- other grades. The coarse grain market was also quiet. Oats were steady and corn bids ranged from unchanged to 35 cents lower. No barley bids were posted. The Argentine official estimate of the exportable surplus on June 1 was Issued yesterday. The wheat surplus Is placed at 80,410.000 bushels, compared with 72,364, 000 bushels a year ago. The corn surplus Is put at 146.91S.OOO bushels, against 237,- lev.uuu bushels last year. Ban Francisco receipts for May. from uregon via rail: Flour, 6000 quarter sacks; wheat, 160D sacks; corn. 800 cen tals; barley. 800 centals. Via water: Flour, 16.138 quarter sacks; middlings, 1877 sacks; groats, 1270 sacks; feed, 8750 sacks; oats, 898 tacks. From Washlng tdn, via water: Flour, 129,414 quarter sacks; wheat, 660 sacks; Hhorts. 9600 sacas; reed, 3042 sacks; meal, 870 sacks; oats. 500 sacks: middlings, 800 sacks. Terminal receipts In cars were reported by the Merchants' Exchange a follows: Portland WheaV Rartov trln.,r rw. u l ear ago . . . 22 Total this week? 6S2 Tear aao n.l Season to date 18.6H9 STOCK MARKET flJlLLiES RAILS AXT INDUSTRIALS ARE STROXG AT CLOSE. Year azo Tacoma Friday Year ago . . . Season to date Year ago ... Seattle Friday Year ago . . . Season to date Tear ago . . . 8.838 2A 8 4.7S3 7,133 4 16 4.372 8.337 15 2 3 5 6 8 9 4 20 23 17 9 42 18 31 262 1076 52 2409 194 3929 541 2236 8 .. 2 1 6 1.. 54 1000 1R8 943 100 3231 179 841 - . 8 , 2 4 2 .. 221 5S4 477 1464 220 1183 649 1232 LOWLANDS NEED SEED POTATOES Carlot Shipments Are Still Being Made to California. Old potatoes are still being shipped to California at the rate of several cars week and the movement will continue as long as any are available and the price of new potatoes in the south remains high. There has been no change In prices, either . to country sellers or In the lobbing Irade. Farmers art receiving a cent a pound for the best stock. Dealer anticipate a fairly brisk demand for seed potatoes as soon as the high water subsides. Nearly all the potato land along the lower river was flooded and will have ' to be reseeded to potatoes or some other crop. It I not likely, however, that tne farmers In those sections will stand for an advance In the price of seed potatoes. In the eastern markets, decline have been general on old a well a new po tatoes. New Tork round white old potatoes closed 15 to 10 cents lower in the big mar ket at 85c e 111 J. Up In Maine, bulk Grten mountains closed at S540 cent, and cobblers at 25 to 80 cents, while at northern shipping points sacked round whites declined to 60JJ70 cents. The Chi cago market fell to the lowest point of the season, carlots selling at 50(?65 cents a hundred as against 90c $1 a week before. New potatoes In the eastern markets de clined all ihe way from 25 cent to 13.50 a barrel. LARGE CAIN IN APPLE SHIPMENTS Total of 103,761 Cars Moved During Season From AO Section. The local apple market is very slow, as might be expected with the berry season on in full swing. Dealers, stocks are light and prices here are unchanged. In the east, northwestern Winesaps were weaker, declining 2550 cents a box in Chicago, where medium size extra fancy sold at 12.506-3 and small sites at 1282.25. Eastern barreled apples declined moder ately. Daily shipment of apple from all points are about 25 ears. Indicating that the sea soft I near Its close. More apples have been shipped this aeaaon than for any sea oa in several years. A total of 103,761 cars moved. Including both barreled and boxed stock, which compare with an aver age reason's movement of 68.204 car dur ing the period of 1916 to 1920. In the sea son of 1918-19 a decrease from the preced ing season's movement of boxed apples was accompanied by increased shipments from the barrel shipping sections. Likewise In the alternate seasons of 1917-18 and 1919 20, a lighter movement of barreled apples was coincident with aa increase from these ectiona shipping boxed stock. STRAWBERRIES ABUNDANT LOWER Larger Receipt Are Expected Monday. Advance la Lemon Market. Strawberry receipts were heavy yester day and the market dropped sharply, A good many or the arrivals were soft and these sold as low as $1.25 a crate. Good quality Marshalls brought I2.505T3. Larger aappiies can be -looked tor in the coming week. California cherries were plentiful and several shipments of Oregon cherries ar rived, but the demand was not brisk. Another advance In lemons is scheduled for Monday, when the best brands will sell t 88.30 a box. Oranges closed firm. No more navels will be available this sea son and from now on- tha .trade will han dle Valencia. The last car of Florida grapefruit is due early In the week. A mixed car of soathern vegetables. In eluding Mexican tomatoes. Is due Monday. New crop California red onion will be of fered in about a week. Gains Up to Xine Points Are Re corded; Speculative Issues Con tinue Weak; Bonds Irregular. - NEW TORK. June 4. Confusing changes featured the weekend stock market, lead ing issues 'recording widely divergent movements. Food ahares and many secon dary steels, oils and affiliated stocks were under further professional pressure, But several seasoned industrials and rail de noted substantial sunDort. ' Tha strength of Louisville A Nashville and Atlantic Coast line properties at net gains of 4 74 and 8 points, respectively, was a leature. - Some of the more extensive declines In speculative Issues were partly retrieved in tlie usual covering of short contracts, er sistent weakness was shown, however, by sugars and shippings. Sale were (50,000 snares. . Liberty "4l made further appreciable recovery, rising to $68.98. or almost $3 from the low record of Thursday. Other liberties, as well as victory note, eased, however, and the general bond list was Irregularly lower. Total sales,' par value, $4,875,000. The foreign exchange market was again unsettled, sterling demand bills falling to $3.84, or more than- 15 cents to the pound from the high quotation of a fort night ago. Another decline In actual loans and dis counts was reported by clearing banks, to gether with a substantial gain ol casn, in creasrng excess revenues to slightly over $25,000,000. . CLOSING STOCK QUOTATIONS. (Furnished by Overbeck A Cooke com pany, Portland.) sales. First Watermelons One Monday, The first watermelons of the year will be on hand Monday. They will sell at 7 cent a pound crated. The car of canta loupes expected yesterday Went through to British Columbia, but another car la due here this morning for Portland Jobbers. Standards will sell at $7 and pony crates at $6.50. Linseed Oil Higher, Turpentine Dowa. An advance of S cent a gallon la lin seed oil and a reduction of 5 cents a gal lon in turpentine Was announced by dealers yesterday. PORTLAND MARKET OtOTATlONS Grain. Floor and Feed. Merchants" - Exchange, nooa .session. Bid - June. July. A-h. nard white $ i 34 Soft white t j. 32 White club , 130 Oats No. 2 white feed 2900 No. 2 gray 30.00 Millrun 32.00 Corn No. 2 E. T. shipment 32 00 No. 9 E. Y. shipment 31.00 FLOUR Family patents. $8 60 per bar rel: whole wheat $7; graham $0S0; bak ers naru wneat. ss.zj; oakera" hlue.tem $29 00 30.00 32.50 32.50 valley bakers' $7.25; IOCS HIGHER AT CLOSB OF WEEK Bayers Offer tl Cents to Country Shipper. Butter Market Strong. The egg market advanced another cent at the close of the Week with buyer of fering 21 cents, case count, to eountry ship pers. Receipts have fallen off sharply and dealers are finding it difficult to get enough eggs to fill the sales made for im mediate shipment' to San Francisco. Job bers have been slow in following the mar- I , ket npward, but most of them Will put Out prices to retailer 2 to 3 cent higher Monday. Because of the sharp California demand, the butter market was strong at the close of the week and the best cubes found ready buyers at 27 H cents. There was a good local trade In prints and this line waa oa a firm baais. but no advance tor the open InaT of the week waa considered. Poultry dragged at weak price and the receipt did not entirely clean up. Coun try dressed meat were steady. EGGS EXPORTED DIRECT TO LONDON Trial Shipment Has Been Sent by Steamer From California. The experiment of shipping eggs from this coast direct by steamer to Europe Is being tried. The steamer Noerdyke. which sailed from San Francisco for London on May 11. carried A sample shipment of 5 cases of eggs, which had been "processed." 'The shipment was carefully loaded in a refrigerated compartment with apples and Oranges. As the eggs Were "processed" It is believed that they will hot acquire any foreign odor or flavor because of be ing shipped In the same compartment with fruit. This I the first shipment Of eggs ever mad direct from California to England and if H I successful a new market for the Paclfie coast product will have been established. It is interesting to note that the cost of ocean transportation from San Francisco direct to London is 5 cents per doxea, 6f $1.90 per case. wu".a the traaacoaUaeatal freight rata from 8aa patents, $7.75; straignts, si.ra. M1LI.FEBD Prices f. o. b. mill: Mill run. $38 per ton; rolled barley. J3SJS40; rolled oats. 141 : "scratch feed, fls per ton CORN Whole, $41; Cracked, $44 per ton. HAT--Buylng prices f. . b Portland: Alralta. $18 per ton; cheat, I22&23 per ton; clover, 116 per tont. valley timothy, $24; eastern Oregon timothy, $28. Dairy and Country Produce. BUTTER Cubes, extras, 2727c per pound; prints, parchment wrapped, box lots, 82c; cartons. 83c. Butterfat, buying price: A grade, 26c; B grade. 24c, Port land aellVery. EUUS Buying prices, case count. 21c delivered. Jobbing prices to retailers: Candled ranch, 24c; selects, 2H27c. CHEESE Tillamook triplets, price to jobbers f. o. IK Tillamook, 19c; Young Americas, 202 pound. POULTRY Hens, 16ff22c pound; ducks, young, 4oc; geese, nominal; -turkey nom inal. PORK Fancy. 13c per pound. VEAL Fancy. 13VtC14e per pound. Fruits and Vegetables. FRUITS Navel Orange. $4.756.25 ner box: lemons, $5.258.50; grapefruit, $30 lo.au per box; bananas, euaioe pound: apples, $1. 504x3 per box; strawberries, Or egon. $1.25$3 per crate; cherries, 1025c per pound; cantaloupes, standards. $7; do, ponies, $6. 30; peaches, $2.753 per box; watermelons. 7c per pound. VEGETABLES Cabbage, 44Hc per pound; lettuce, $.() 2. 73 per crate; carrots, $3 per sack; garlic, 20c per pound; beets, $1.503 per sack; green peppers, 3543c per pound: rhubarb, 4.6c per pound; spin ach, 66V4e per pound; turnips, $2z.50 per sack; tomatoes, $365 per lug: cucum bers, $1.25iS2 per dozen: peas, 15ig17c per pound; asparagus, $22.25 'per dozen; beans, Vihinhic FOTATOES-"-Oregon. 11 1.50 per 100 pounds; Yakima, $1.501.75, new Califor nia. 46 5c per pound; sweet potatoes, $3.75 per crate. ONIONS Oregon. T5cSi$l per sack; new crop. White Bermudas. $1.7$ per crate. Staple Groceries. Local Jobbing quotations: " SUGAR (-sack basis) Cane granulated. 7.50c per pound; beet. 7.30c per pound. - NUTS Walnuts, 303c pound; Brazil nui, ow; uiueru, uc; aimonds. 24k?30c peanuts, ggpllc poundt cocoa-nuts, $1.75 Rich. -Blue Rose, 6c per pound; Japan BEANS Small white, Be; pink, Tic; lima, 7c; red. IOc per pound. COFFEE Roasted, bulk, in drums, 14 Q 86Hc per pound. SALT Granulated, bal, 3 404 25; half ground, ton. 50s, $19.75; 100s. $19.25, lump rock, $26.50. 1 DRIED FRUITS Italian prunes, thit pound; dates, $4.256.85 per box; figs, yj 95.25 per box. , Hide, Hop, Etc. TALLOW No. I. SH64C; No. 2, thiO 3c per pound. CASCARA BARK 4920 peel, 6c pound, delivered Portland. HOPS 1820 crop, best. 156180 per pound. HIDES Salted country hides. 4c de livered Portland; grubby hides. 3c; city calf skins. 12c; country calf skins, 10c; good kip. 6c; gfubby kip, 4c. WOOL New clip. 1019c per pound. MOHAIR New. clip. lti2iiC I per pound, delivered Portland. GRAIN BAGS 86&feo at country pointa Provisions. HAMS Ail sixes. 30036c! skinned. 81 e) 88c; picnic, lSe: cottage roll. 2 Sc. BACON Fancy. 4:Si953e: choice. SOU t5c; standard, 25$27c laku riirc, uercea. l pound: com pound, tierces. 11c. aabi Mtui, zugyzac; piates, ma Oil. LINSEED OIL Raw. In barrels. $1.02; five-eallon cans. $1.17. Boiled, In barrels, $1 Ml five-gallon cans, $1.19. TURPENTINE In drums, 92c; five-gallon cans. $1.07. WHITE LEAD 100-lb. kegs. 18c per lb. COAL OIL Tank wagons and iron bar re's, ITHc; eases, BO37. UAgOLlNK Tank wagon and iron bar rei. 28c; case 10 He, Advance Rum. Agr Chem . . .. AJax Rubber.. Alaska Gold.. Alaak Juneau. Allis-Chalm .. do pfd Am Beet Sug. Am Bosch ... Am Can do pfd Am Car A F. . Am Cot Oll..r do pfd Am Drug Syn. Allied Chem.. Am Hide &'L do pfd . . . Am Ice Am lntl Corp. Am Linseed... do pfd Am Loco .... do pfd Am Saf Razor. Am tihip & C. Am Smelters.. do pfd Am Steel Fdy. Am Sugar . . . do pfd Am Sumatra.. Am TAT.... Am Tobacco.. do B Am Wool .... do P pfd... Am Zinc ..... Anaconda .... Assd Oil . Atchison . .... do pfd At Coast Line Atl G & W I.. Bald Loco.... do pfd Balto & Ohio.. do pfd Beth Steel B. . B R T Butte C & Z. . Butte A Sup.. Caddo Oil ... Cal Packing..' Cal Pet ' do pfd Can Pac Cen Leather.. CerrO de P.. Chand Motor.. ChiaN W... Chi Gt West.. do pfd Chill Cop ... Chino C M St P.... do pfd . . . . . Coco Cola .... C A O Colo F A I... Colo Southern. Colo Q & E. .. Col Graph ... Con Gas Con Cigars.... Contl Can ... Contl Candy.. Corn Prod.... do pfd ..... Cosden Oil ... C R I & P. ... do A pfd. .. do B pfd... Crucible do Did Cuba Cane . .. do pfd - Cub Am Sug. Del A Hudson. . ' Dome Mines.. D A R G do pfd Endl Johnson.. Erie do 1st pfd. . do 2d pfd. .. . Fam Players.. Fed M & Sm. , do pfd Fisk Tire .... Gaston Wms.. Gen Cigars... Gen Electric Gen Motors... Goodyear .... , Gen Asphalt.. Goodrich .... Granby , Gt Nor Ore. .. ', do pfd Greene Can... , Gulf S Steel. .. Hupp Motor.. Houston Oil... Ill Central.... Inspiration . . . Int Agr Corp.. . do pfd Interboro .... do pfd Intr Callahan. Int Harvester. do pfd Int Mer Mar.. do pfd Int Nickel ... Int Paper .... do pfd Invincible Oil. Island Oil Jewel Tea . . .. K C Southern. - do pfd Kelly-Spgfld . Kennecott .... Keystone Tire. Lack Steel . .. Lee Tire Lehigh Valley. Lorillard ..... L & N Maxw Motor.. do 1st pfd.. . do 2d ptd. .. Mex Pet Miami Mid States Oil Midvale Steel. M K & T do pfd Mo Pac Mont Ward... M St P&SSM. Nat Enamel.. Nat Lead .... Nev Con New Haven... Nor A West.. Nor Pac Nov Sco Steel. N Y Central. . Okla Prod ref. Ont Silver Ont & West.. Otis steel Pacific Oil.... Pac G & E. .. Pan Am Pet.. do B Penn Peo Gas Pere Marq ... Phlla Co .... Pure Oil Pierce Arrow. Pierce Oil ... Pitts Coal ... Pitts A W Va. do pfd Pr Steel Car.. Pullman Ray Con ..... Reading Remington ... Repl Steel ... Rep I A S.... do pfd Rep Motors . . Ryl Dutch Oil Ry Steel Spg.. S O lnd Sears Roebuck Shattuclf Aria. Shell T A T.. Sinclair Sloss Shef So Pac 60 Ry do pfd St U A S F... Strom Carb... Studebaker . ., Swift A Co Tenn C C... Texas Oil .... Texas Pac . ... Tex P C A O. Tob Prod .... Tr Cont Oil., Un OH Del.... Union Fao 1,200 "Voo 600 - H0, 400 " 8U0 S.3U0 High. 7 hi '"ki '33 "si it 42 30 H Low. 46 "" 33ii "is 29 V 1S 18 100 300 7,500, 100 11H 62 hi 11 61 42 i 39ft 500 84 Vi 82 hi 700 6' 10 100 2.400 7,900 9110 1,800 1,600 700 500 2.100 3.600 100 600 'S.'OOO 2.500 6,500 9(4 41 '36'" 81 '.Vtft 104 ft 124 V, 123 74(4 40 9 81 '89 " 3S4 8(4 40 ft 'in'" 78(4 '58(4 104(4 124(4 122 72 ft . 39 99 80 ft 'si" 36ft 78(4 3.700 41 Vi 41 I.4O0 300 100 56ft 12 ft 55 ft 12 4.8HO 700 4,600 100 1,700 400. 100 300 1.30 700 500 1,0110 700 400 2H0 500 3.100 "Voo "'.WO 4,900 s.Vo'o 2,400 ' 1 00 5.500 0.900 6. OIK) 1,600 ' '2 0 6 600 60 3,500 300 1.000 3.000 40 ft 75 hi 'S7" 27 ft 63(4 65(4 'l8ft lift 24 ft 28 ft 43 ft 27 r8ft 29 38 58 ft . 6ft 38 ft 75 '64 27 ft 61V4 65 "i8ft 11 23ft, 28 ft 42 ft 26 ft 68 ft 29 38 68 6(4 28(4 27 8(4 66 80 ft 84 . 14ft 42 ft 19 'ioft ft lft 63 ft 14 20 1 64 ft "29 ft 33 ft 'sift' 'l2ft 30 18ft 'i8ft' ft a1 62 ft 13ft 19 ft 71(4 69ft 1.100 300 100 300 8.100 i.Voo 1.900 13ft 1ft 56 134 ft 10ft '67 ft' 35 ft 13ft 1ft 66 134 10 '64ft 34 ft 400 69 ft 69 ft 100 6IK) 2O0 800 800 ' 200 500 200 1,100 700 1,000 1,700 2.400 600 8.400 2,500 1,600 400 400 sYaWo 2,500 400 1.300 1,200 200 2110 800 400 13,800 300 1,100 34 11(4 65 ft 90 34 ft 34 11 65 ft 90 ' 33 ft 48ft 48ft 600 5 86 ft "12ft 49 ft 14ft 66 ft "is" 3ft 8ft 27 ft '38 ft 29 ft 14ft 45 ft 28 ft 52 153 ft 110ft 4 150 22 ft 12ft 26ft 2ft 4ft 85 ft 'lift 47ft 14 ft 64 ft "l3ft t 27 '3,'ft 20 14 45ft 28 ft 153 106 4 147 ft 22 ft lift 26 ft 2ft "406 "22", "21 ft "406 'sift' '52'" "Voo ..'iift... "iift - 1,400 19ft 19 - 20 98 96 - ' 1,40 72 ft 71 A 100 29 : 29 700 69 ft 69 ; " 700 2ft ; 2 '8,Yo6 "33 ft 'iijft '7.206 'esvi 'ii'i 1,20 58 67 ft 800 34 ft 84 ft 200-' , 200 S.800 2.400 800 600 200 22 ft 31ft 30 ft 22 ft 8(4 60 ft S'ft 31ft. 30 21ft 8ft 60 ft 400 1,000 900 13 ft 71ft 21 1,500 55 13ft 71 19 ft "si" t.Vod '69 ft '68 ft 78 ft 76 400 . 80,500 100 2,810 1.200 100 600 200 9.200 100 3,400 500 1,200 900 3.900 800 S00 62 ft 23 38(4 75 ft 21 '23 ft' 37 78 35 ft 23 ft 24 55 ft ft 'SI US ft 32 ft 22 ft 38 ft 74 ft 20 ft 24ft . 36ft 71ft "35 ft 23 ft 23 ft 55 ft 8ft ' 20 ft 117ft Bid. 14 46 ft 28 ft lft 33 ft 73 ft 82 ft 41(4 30 ft 82 123 ft 18ft 42ft 42 lift 51ft 56 30 ft 29 63 84 98 5ft 9 40ft 76 29 ft 70 ft 92 59 ft 104 ft 124 ft 122 ft 73 ft 81 9ft 39 ft 99 80 ft 75 ft 80 3Hft 78ft 95 41ft 60 ft 56 12 4ft 12ft 12ft .' 6ft S9ft 75 112 311ft 27ft 62 ft 64 ft 7ft 18ft lift 23 ft 28 ft 42 2614 58(4 29 87 58 ft ' 6ft 88 27 45ft 1 65 98 ft 30 ft 33 ft 7Hft 66 65 ft 83 ft 12ft 39ft 18ft 97 18 ft ft lft 83i.. ' 13ft 20 13ft 71 ft 6ft 26 13 ft lft 66 134 ft 10 5ft 84 ft Soft 21ft 27 ft 69 ft 23 33 ft 11 65 90 ft 84 ft 9 48 i 86 ft 104 12ft 48 J4 66 ft 99 14ft 8ft 8 27 49 37 ft 20 14 45 ft 2Sft 32 132 109 4 5 o 149 ft 22 ft 12 ft 86ft 2(4 tft 21ft 18(4 68 62 76 11 19 95 ft 71ft 29 69 ft 2 13 12(4 33 50 ft 64 ft 67 84 ft 51ft 22ft 31(4 29 ft 21ft ft 60(4 29 75 ft 80 100 13ft 71ft 21 25 55 88 14ft - SO ft 83 ft 70 ft 7 ft 52 ft 22 ft 88 75ft 20 ft 47ft 24(4 37ft T2 95ft 8 35 ft 23J, 231 55 ft United Alloy.. 100 United Drug.. 800 89 ft Untd Fd Prod. 300 19 ft United Fruit.. 1.400 107(4 Un Rds N J do pfd Jn Rtl Store. U S lnd Ale. U S Rubber.. do 1st pfd. O S Smeltinx- U S Steel 9,400 do pid . ... . Utah Cop ... Va Chem ... Van Steel ... Vlvandou .... Wabash do A pfd.. do B pfd.. Wells Fargo. West Pac ... do pfd . ... West Union. . Westh E A M West Md White Motors. 1.700 35 ft Willys-Ovid .. 1,200 8ft do pfd 2,100 85 ft Wilson Pack.. 200 38 . Woolworth ... 100 Worth Pump.. 200 48 W A L E 100 2,500 1.200 11700 100 200 1,500 100 3,600 100 ' 300 800 100 100 600 58 ft 61ft 64V4 80 ft 107 ft 62 ft 29 ft 30 ft "8ft 22 'ii" 27ft . 88ft 18ft 106 ft 57 ft 60 ft 63ft 79 ft 107 ft 61ft 29 ft 29 ft t . . . 21ft '62 " 27ft 1.000 87 ; 37. 35 8ft 35(4 '47 U 8 2s reg.. do coupon. U S 4s reg. . do coupon. Pan 3s reg. . do coupon. A T A T cv 1 Atch gen 4s BONDS. .100 IN T C deb 6s.. ...9ftlN P 4s - .104 IN P 3s .104 Pac T T 5s.. ..76 Pa con 4fts..., ..76 IS P cv 5s 1.. 87 So Ry 5s 74ft U P 4s 58 - 88 19 106 10 21 68 ft 60 ft 63 99 32 80 ft 107 ft 52(4 11 . 22 ' 14ft 6t(4 27 66 87 ft 45 ft 10ft 84ft 8ft 33 ft 37 113ft 48 . 83ft .73 ft .54 S3 84(4 87(4 81(4 79 94ft WHEAT WEAK FROM STAHT R Q con 4s 63ftU S Steel 5s Bid. - Liberty 'Bond Quotation. Range of liberty bond quotation, fur nished by the Overbeck Cooke company of Portland: High. ixw. ciose. Liberty, 8fts 88.98 88.96 88.96 Liberty. 1st 4s er .ou Liberty. 2d 4s 86.70 86.56 86.46 Liberty. 1st 4 'is 87.74 87.70 87.70 Liberty. 2d 4(ls 80.74 86.64 86.04 Liberty. 3d 4fts 90.76 90.60 90.64 Liberty. 4th 4 (is ..... .86.78 . eo.oo Victory, 4ft 98.16 98.04 98.02 Victory, 3 ft ' 98.10 98.06 98. vi Mining Stock at Bostoa. BOSTON. June 4. Closing quotations: Alloues ....... 20 (North Butte ... 10 Arts Com SftlOld Dom 21 Calu A Aflz. . Calu A Hecla. Centennial ... Cop Range .. East Butte .. Franklin Isle Royalle . . Lake Copper.. Mohawk 49 Osceola 28 24r, Ouincv 39 T tSuperior 3(4 34 '4 Sup A Boston., lft 9 (Shannon 80 2ftUtah Cott 3 2 IWInona 87 2 ft 1 Wolverine 10 ft Swift Co. Stock. Closlne prices for Swift A Co. stocks at Chicago were reported by the Overbeck A Cooke company of Portland aa follows: Swift A Co 9fift Libby. McNeill 4 Libby 7ft National Leather 7ft Swift International . . , 24 Money, Silver, Etc. NEW YORK. June 4. Prime mercan tile paper, 6ft 7c. Bar silver, domestic. 99ftc: foreign. 57 ft c. Mexican dollars, 44ftc. LONDON, June 4. Bar silver, 38ftd per ounce. -Money. 4(4 per cent. Discount rates, short bills, 5ft per cent. TREND OF STOCK PRICES DOWNWARD Speculative Shares Lose 5 to Z0 Point During Week' Trading. . NEW YORK, June 4. Highest money rates in nearly four montns. weakness in foreign exchange, bewildering cross cur rents in the commodity markets and fur ther elimination or reduction of dividends were chief Influences felt this week on the stock exchang4. Althnneh- the federal reserve board's latest report showed further liquidation of trade loans,' and although brokers' money committments in the local market steadily diminished, call loans rose to 6 "-per cent, with visible diminution of time funds. Stock tradinr was more professional. according to disinterested observers, than since the first of the year. Except for the dependable rails and industrials, the trnd was almost steaauy aownwara. varioua speclslties and miscellaneoua shares mak ing extreme losses of 5 to 20 points. The railroad labor Doara decision to re duce wages on July 1 evoked no pro nounced response from the transportation group, where recent promise of activity and higher nrlces was not fulfilled. Forecasts of earnings of the leading In dustrial companies, for the second quarter, notably-the principal producers of steel, iron, motors, rubbers and textiles, strength ened the conviction that the prevailing policy of conserving cash resources would be indefinitely- maintained. - - - Students of international economic con- dltioha ured cted further confusion In for eign exchange as a result of Germany's mnanninn navments. Bankers In touch with foreign affairs were authority for the statement that few, If any. more Important loans for Euro pean account would be undertaken here this year. TKT does not apply to private credits or commercial extension. 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 iunas: Country, foreign unit Rate. Austria, kronen $ .0030 Belgium, franc 0840 Bulgaria, leva , .0135 Csecho-Slovakia, kronen .0155 Denmark, kroner - .170 England, pound sterling 1.800 Finland, finmark 0215 .0S33 .016 .0030 .3435 .0048 .0527 .0085 .1585 France, francs ... Germany, marks ... Greece, drachmas ... Holland, guilders ... Hungary, kronen ... Italy, lire Jugo-Slavia, kronen Norway, kroner ..... Portugal, eacudos 1065 Roumaniu. lei ...., .0175 Serbia, dinara 0325 Spain, pesetas 1323 Sweden, kroner 1 2310 Hwitzerlnnd. francs , .1760 China Hongkong, local currency.. .4975 Shanghai, taela 6575 Japan, yen 4850 NEW TORK, June 4. Bxchange, Weak; sterling, demand, $8 88 ft cables, $8 86. Francs, demand, 8.21; cables, 8.28. Bel. glan francs, demand, 8.20; eables, 8.2S. Guilders, demand. 34; cables. 84.10. Lire- demand, 6.14; cables, $.16. Msrks. demand. 1.54; cables, 1.50. ureece, demand, S.92. Sweden, demand, CiMMK Norway, demand. 15.10. Argentine, demand, 81.50. Brazilian, demand, 13.50. Montreal, 11 1-1G per cent discount. Sterling declined further In the late dealings; demand, $3.84: cables. $3.65(4. Foreign bonds. Foreign bond, quotations furnished by the uveroeck fc uooae company of Port land Russian 5fts,-19?l .. Russian 6ds, 1926 . Russian fts. 1919 . French 5s, 1931 ... French 4s, 1M7 .... French 6s, 1920 .... Italian 5s. 1918.... British 5s. 1922 .... British 5s. 1027 British 5s, 1929 .... British vky 4s BrlMsh ref 4s Belgium rest 5s .... Belgium prem 5s ... German W. L. 8s . Berlin 4s Hamburg 4s Hamburg 4fta ..... Lelpslg 4fts ....... Leipsig 6s -. Munich 4s. Munich 5s i Frankfort 4s Jap 4s , Jap 1st 4(43 Jap 2d 4fes Paris 6s U K 6(4s, 1921 U K 6fts. 1922 ..... U K 6 'is, 1929 1? K 5 fts. 1037 . . . . . Bid. .. 14 ..4 .. 15 ..63 .. 82 .. 77 .. 41ft . .3X6 ..381 -..380 ..302 ..273 .. 71 .. 75 .. 12 12 .. 15 .. 14ft .. 15ft .. 15ft .. 15 ft .. 15 .. 13 .. 68 .. 85 ..85 .. 99 .. 99ft .. 97ft . . 89 . . 84 ft Ask. 17 7 18 64 ft 63 ft 78 ft 43 3a 391 380 812 283' 74 78 13ft 13 16(4 15(4 17 17 16 ft 17 17 69 ft .83(4 ' 85 ft 9ft 99 ft 97ft 90 ft 85 ' THI3 MAY Bfi YOtTR OPPORTUNITY Read the great true story how two tnen Invested ?500 and made $1,365,000 in the June issue of the Cooper-Henderson Digest. - Published monthly anfl mailed absolutely FREE, containing valuable information which ypu should kfiow. Beautifully I 1 1 u a trated. No advertising;. Write today, aa the supply may be exhausted. C0operHenderson Digest BreCkenridge, Texas BETTER "WEATHER COXXmoXS DEPRESS CHICAGO PRICES. . Possibility of France- Cancelling Purchases Also Operate Against Sfarket; Coarse Grains Down. CHICAGO, June 4. Grain future were on tha down grade today. July wheat was so weak that It dragged all other grains with It. The close found all options at 1 nractlcallv tha dav'a low point. Wheat! netted a loss of oft cents, corn 1 to lft cents and oats 1 to lft cents. Provisions resisted the movement and closed T to 20 points net higher. Wheat prices were weak from the start. Trading started in September, but trans actiona were -small and it bung generally about 15 centa under July. Excellent weather and forecasts of continued cool skies over the wheat belt were the chief factors in the decline at the start. These were steadily Increased as trading pro gressed and the effect was heightened lust before the' close by word from the seaboard that France bad Inquired as to the chances for canceling cargo wheat shipments for July. This Jatter develop ment was generally regarded as an affect of France' reported intention to place heavy Import duties grain. .Export demand was generally slack. Corn and oats prices were both affected by wheat prices and by crop reports, which held out prospects of good crops in both those products. Sale of 400.000 bushels of corn for export failed to change the fu tures market in the face of the wheat sit uation. Higher hog prices, a decreased western run for the week and an optimistic trade report from a leading packing company operated to keep provision firm. Trade, however, was dull. Mistaken theory that big receipt which were looked for at the end of May must mean lower prices In the wheat market was chiefly responsible for the week's wildest floatations. The big receipts came, but they were needed to meet ex port contracts and for other more urgent purposes than to settle pit dealings, un less at almost prohibitive costs. Another crisis in the market quickly followed, owing to statements from a leading au thority that the probable domestic har vest of winter wheat this year would be 599.000,000 bushels, a falling ofr of 20. 000.000 bushels or more compared with a month ago. The Chicago market letter received yes terday by the Overbeck A Cooke company of Portland said: Wheat The market was weak from the outset and at no time was there any re cuperation apparent. A report to the ef fect that France was endeavoring to re sell wheat and cancel freight room was the chief depressing factor, although con siderable selling waa also Indulged in co incident with the publication of favorable crop reports from Nebraska, suggesting yields of from 20 to 25 bushels per acre thoughout a wide territory. The cash sit uation on the other hand, showed con tinued strength with spot sales of No. 1 25 cents over July or 10 cents better than early this week. Country offerings Were light and bids to arrive advanced 1 to 2 cents. Indications are not lacking that wheat which came to Chicago for de livery on May contracts will be moved out rapidly and that the Initial movement of the new crop will not come this way. t "-" be moved out of the country, via the gulf. Corn Selling by cash interest again proved, too much for the buying poa-er and the market had a heavy tone all day despite reports that exporters were active buyers. , Favorable crop reports from all over the belt, no doublt, had much to do with restraining bullish sentiment. Cash prices were about 1 cent lower, but the trading basis was firm. Shipping sales were 435,000 bushels including 400,000 to j arrive, $1.87, exporters. 1. Oats Liquidation of long contract met I Cotton Market, only moderate buying power and the mar- NEW YORK, June 4. Spot cotton quiet, ket had a weak tone with other grains, middling, 12.65c. Keoelpts were estimated at 146 cars and " . the spot trading basis was relatively steady Dried Iroit at New Yora. at prices 1 cent below yesterday. Crop ad- NEW TORK, June 4. Evaporated ap- vices were without change, except that pies, quiet: prunes, f Irm ; jpejtches, weather condition were generally favor- j mmmmmmmmmm able. 1 . Rye Trade in futures was mainly in the nature of changing between wheat and rye, the price following the general trend of other grains. Leading futures ranged as follow: LAW THE OREGON LEGISLATURE, at the 1921 Session, o amended the Banking Laws of this State as to make certain FIRST MORTGAGE CORPORATION BONDS LEGAL INVESTMENT FOR SAVINGS BANKS. What Is the Test? " Bonds to qualify must be: (1) FIRST MORTGAGE BONDS OF A CORPORATION incorporated under the laws of and operating in any of the United States. (2) Bonds of a Corporation, the value of whose property has a value twice the total authorized issue of bonds. (3) Bonds of a corporation, the income of which for three years next preceding the date of the bond issue has been sufficient to. pay all operating expenses, fixed charges and interest on all obligations and preferred stock outstanding. These Bonds Qualify THE FIRST MORTGAGE 8 BONDS OF THE PORTLAND FLOURING MILLS, which ire now selling at par, and which mature in 1936, more than pass every test required under this law and are therefore now, and have been since the 25th day of May, 1921, a LEGAL INVESTMENT FOR SAV INGS BANKS IN OREGON. To the Private Investor You can, with a feeling of security, invest your funds in FIRST MORTGAGE CORPORATION BONDS, which fjualify under our Banking Laws as a LEGAL INVESTMENT FOR SAVINGS BANKS. A rnnv nf this amendment will be mailed to von on request. When you write ask for a descriptive circular of the Portland Flouring Mills Company 8C0 Bond issue. , Blyth, Wrnm-gfOx Yeon Bldg., PORTLAND SEATTLE, SAN FRANCISCO, LOS ANGELES, NEW TORK Corn. 1,410,000 bushels. Oats, 842,000 bushel versus 475,000. Shipments Wheat, 854,000 bushel ver sus 744,000. corn, WO.VW wuawcio 230,000. OaU, 300,000 oueneia vi "Clearance Wheat, 212,000 bushels. Corn 1S4.000 bushels. Rye, 1S0.0OO bush els. 'Flour, 46,000 barrels. Grain at San Francisco. RAV FRANCISCO. Cal.. June 4. Grain Wheat, feed, 2.352.0O: milling. 2.35 2 60. Barley, feed, 2.352.80: shipping, 1351.45. Oats, red feed, tl.5oei.tto. Rye,' nomlnaj. Corn, white Egyptian, 2.30 4 2. 40; red milo. e2.102.15. Seattle Grain Market. SEATTLE June 4. Wheat, hard white. ,hi,. .nri white club. 11.33: hard red winter, soft red winter, northern spring and eastern red Walla, J1.30; Big Bend bluestem, 1.35. City delivery: Scratch feed, 151 per ton; baby scratch feed. 67: feed wheat. J55: all-grain chops. J42: oats, 39; rolled oats, 41; sprouting oats. 44; whole bar ley, $39; rolled barley. 41; clipped bar ley, 4, milled feed, J83; bran. 330; whole corn. 40; cracked corn. 42. Hay Alfalfa, 24 per ton: doutle com pressed alfalfa, $11: do timothy, s3; east ern Washington mixed, 130; straw, $24. Diilnth Linseed Market. DULCTH. June 4. Linseed on track and steady. WHEAT. Open. High. Low. Close. July...- $ 1.85 $ 1.36t, $ 1.3114 $ 1.81 Sept..., 1.22 1.23 LIS ft 1.15 CORN. , July... . .5H -65 .6414. .644 6ept.,. .66 .66 .85 hi .66 OATS. July..'. , .40H : .40 .89 .89 Sept... .4254 - .42 .41Va .41 MESS FORK. July '17.30 LARD. July. i. 9.65 9.72 9.65 9.70 Sept... 10.00 10.02 10.00 10.02 SHORT RIBS. , July.-. 9.82 9.90 8.82 ' - 9 90 Sept... ...... .... ........ 10.10 Bid. $1.40; No. 1 hard, 2 39404c; No. 3 Cash prices were: Wheat No. 3 red, S1.04. Corn No. 2 mixed, 64464V4c; No. yellow, 8 ft p e fee. Oats No. 2 white, white. 38M:S3UVac. Rye Nominal. Barley 63 73c. Timothy seed $4.506. Clover seed $13(1S. Pork Nominal. Lard $9.45. Ribs $U.2510.25. Minaeapolia Grain Market. MINNEAPOLIS, June 4. Cash wheat. No. 1 northern, $1.52 &1.62; No. 2, $147'1.52; No 2 dark northern, $lu261.62; No. 3, 81.40 1.S0; No. 1 red spring, $1.47 1.52H i No. 2. $1.421.47; No. 3, $l.ti5 6 1.42 ; No. 1 dark hard Montana, $1.62 it 1.66 ; No. 1 bar, $1.6S 01.62. , Barley l6ic. Flax $1.83 6 1.87. Futures Wheat Jury. $1.82. Winnipeg Grain Market. WrNTJlPBG, June 4. Cash wheat No. 1 northern, $1.94; No. 2, $1.91; No. 3, $1.83: No. 4, $1.74; No. 5, $1.62; on track. I- . ....... Oats No. Z white, 4 tc; so. 3, 44c Barley No. 8. 82c; No. 4.' TSc. Futures 'Wheat July, $1.74; October, $1.32. Primary Receipts. CHICAGO, June 4. Primary receipts Wheat. 814,00 bushels, versus 7!i..0OQ :nr::;::::i.a.:::J!!nnH:nK; For $450 Purchase can be made of one share each of 8 listed dividend-paring stocks that will return 32 dividends an nually, amounting in all td $46 - ; ap that the return oaths investment is slightly better thin 10 per cent The 8 stocks referred to are representative of dif ferent lines of - industry, thus making for added . safety of principal. Combined purchase can be made on a First payment of $90 Balance in monthly pay ment 6f $36 each. Write Dept.PG-55 for de scriptive literature on the above which will be sent gratis, "together with onr booklet " Tartfi - Soii - In- veMtmeni. 66 BftOABWAVr'NEWYORKj We Offer Our Participation GOVERNMENT OF THE French Republic 20-YEAR EXTERNAL GOLD LOAN 7'A BONDS Non-Callable . Price 95 and Interest to Net Over "ROBfeRTSOM & EVING 307- NORTHWESTER N BANK BCD 6. MaasatujaH 1902 I OVERBECK & COOKE CO. Broken, Stock. Bond. Cotton, Grain, ttc Ile-217 BOARD OF TBAOE BLDQ. Walla Walla. Wash. , -Portland. Or. - fendletoo, Or. MEMBERS CHICAGO BOABD D IRADE. Correspondents of Logan Bryan, Chicago and New York. MEMBERS New Tork Stock Eicnaa:. Chireno Stork Ei uanfe. Boston Stock Ezchanae. tuicaso Board of Irade. ew York Cotton Exchange. New Orleans Cotton Kichamta, ' New York Produce Kicbanca, Winnipeg Grain Exchange. Liverpool Cotton Association. Uii::Ktnm:ii:mnu:rnKCKnnKn2 WE OFFER SIB.TECT TO PRIOR t 20 Pacific States Fire...... ..$ 18.00 50 Oregon Pulp A Paper 87. pfd 8400 8090 Portland Ry-, L. A P. 5s. 72 00 10 Lumbermans Trust Co.... 100.00 10 Portland Gas A Coke 7 ptd , 9-00 25 Wickwire Spencer Steel 8 . x per cent ptd, S 00 2006 Wheeler Timber T1n.n- note 100 00 1 Alber Grain A Mill 60 00 100 Sound Rubber Co. .- Sd?V"' 100 Coast Tire Rubber 12 50 Cnlisted and Curb Stock on Any Market. G. B. HARRINGTON CO. ' . Brokers Main 8817. Title Si Trust Bide. HERRIN & RHODES, Inc. (Established 1888 BROKERS MEMBERS CHICAGO BOARD Of TRADE. Correspondents. E. P. HTJTTOf at CO. Member w York Stock En. change. Private Leased Wlrea Direct to Ail Security and Curn xnodlrr Markets, LIBERTY AND VICTORY BONDS BOUGHT AND SOLD MAIN 283 and 284 fXU-5 RAILWAY EACH. BLDQ. ALLEN BROS. CO. BROKERS Correspondents The Cbas. R. McLaln. Brokerage Co. Established 1914 Denver, Colo. STOCKS GRAIN (Stock Listed New York Exchange! tl-l7 Chamber nf Commerta Bid-. Phone 611-16 $1,000,000 State of Oregon General Obligation ' Vo Highway Bonds Dated Jnne 1, 19S1. f I October 1. IMS. Coupon bonds in denomination of 11 000. principal and semi-annual Interest. April 1 and October 1, payable at fiscal sgency of the slate of Oregon In New York city, or may be collected free of charge through our offices. FINANCIAL STATEMENT. Assessed valuation. 1020 l,040.fl.n4 , Total bonded Indebtedness, Including this Issue 23.18.026 Population, 11)20. 7M,25. These bonds are exempt from federal Income taxes and are a legnl Investment for savings banks In the New Kngland states. New Y'ork. Washington, Oregon and California. Legality subject to ihe approving opinion of Messrs. Storey, Thorndlke, Palmer A Dodge, attorneys, of Boston. Maaa. Price 101 and Interest To Yield About 5.75 Orders may be telephoned r tclecrtt plied collect. F The June Issue of our Interestlnff booklet. "InveHtmenta" will be gladly mailed upon request. John E. Price 8c Co. Government mcnicipa PORTLAND BONDS 413 C. M. Natl. Rank Rldg. Telephone Broadway 468. .'ORPORATION 8FATTI.E Second Avenue Columbia. at We own and offer - Government of the FRENCH REPUBLIC 20-Year V2 Gold Bonds Dated June 1, 1921 Due June 1, 1911 Denominations $1000, $500 and $100 ' at 95 and interest to yield over 8 This issue is non-callable. Details furnished upon request. H pevereauXwXfompany INVESTMENT E0ND3 Portland, Or. 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 tha land and improvements being more than fl6,000,000. 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. lIMIIi Forelen Exchange continues, to be attractive to pcnlator. The heaviest purchases being In Sterling. Franc and Mark. Present rates still afford unusual opportunities for profit taking. Wo are prepared to quote lowest rates on all exchange and sell drafts on all European countries. FOREIGN BONDS i We eell the bonds of all the principal European countries at lowest market prices. Interest coupons of any foreign bond may b collected through our office. If you hold foreign securities, advise tm what Issues you have and we will furnish you free of charge latest information availabl affecting each issue. H. E. WILLS COMPANY FOREIGN BONUS. 816 V. 8. Bank Building, Portland. !A PAYMENTS mm Or atcn month buyt rry Stodi ' m a I etr Bond . Purchaser i B r drvidnd. Writ lor vJectad. W list arulbaoklst-FKEE. I W J.FM?GovernC? Money to Loan on Business and Residence Property. Mortgage Bond Company Mala JK.il. Wllrns Bids;.