THE 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
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I etr Bond . Purchaser i
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Money to Loan
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Business and Residence Property.
Mortgage Bond Company
Mala JK.il.
Wllrns Bids;.