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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (July 3, 1921)
TIIE SUNDAY OREGOXIAX, PORTLAND, JULY. 3, 1021 15 TO KEEP HOLDINGS Control of Spokane, Portland & Seattle to Remain: JOINT USE IS CONSIDERED Flan to Give Owner Roads Right to Work Business Independently Said to Involve Trouble. If a change is made In the status of the Spokane. Portland & Seattle railway it -will not mean the elimina tion of the Northern Pacific as one of the controlling roads. This was the emphatic declaration yesterday of J. G. "Woodworth, vice-president of the Northern Pacific. Mr. Woodworth confirmed reports that a plan was under consideration for a change whereby the Spokane, Portland & Seattle lines will be used Jointly by the Great Northern and Northern Pacific, on much the same kasls as the road to Seattle is now operated. This, evidently, would mean the elimination of the Spokane, Portland & Seattle as a separate or ganization, but permit each of the two owner railroads to route traffic over the system. Separate Ownership to Stay. Off and on for some time reports liave gained circulation that the Bpokane, Portland & Seattle, would be dissolved as a separate corpora tion and the latest one was officially confirmed in a dispatch to The Ore a:onlan from George B. Martin, op erating vice-president of the Great Northern at St. Paul. It was under stood that the Great Northern was to take over ownership of the property by the first of the year, but Mr. Woodworth's statement makes it clear that ownership will remain with the two roads. "For a long time," said Mr. Wood worth, "there has been under dis cussion a new plan for operation of the Spokane. Portland & Seattle lines with the purpose of reducing operat ing costs and giving each of the own er roads the right to run trainsand Independently work business, some thing like the plan under which the Joint line between Portland and Puget sound is now operated, but many dif ficulties are involved. Benefit Is Seen. "If such an arrangement Is prac ticable it would be a good thing for all concerned because, each of the owner roads would be permitted to use the North Bank line as they use their own lines, getting the full bene fit of any Increase they might be able to make in the business handled via that line. "The Northern Pacific owned a part of the right of way and had plans for building a line from Pasco to Portland long before the Spokane, Portland & Seattle was organized, and any sug gestion that our Interest in that line will be decreased is absurd." RAT POISON CAUSES FIRE PHOSPHORUS VSED AS BAIT IX BAKERY IGNITES. Failure to Keep Preparation Under Water Results in Incipient Blaze. Rat poison came near causing the destruction of a bakery at 251 yam- bill street, according to the report of Fire Marshal Grenfell yesterday arter an investigation of a fire which broke out in the bakery Friday afternoon. The pois-on did not cause the rodents to perform the animated torch act, but produced fire through a miscarriage of intentions of the operator. One of the latest approved methods of overcoming the hardy wharf rats that have wished themselves upon the city until the flood subsides has been to supply them with a generous portion of moistened rolled oats sprin kled with -white phosphorus. The rat partaking of the bait is said to wither up from the inside out. In this case, however, the caution to keep the phosphorus under water was not heeded and the fire broke out before the preparation got Inside the rats. The resultant fire did little dam age except to smoke the Interior of the bakery. The phosphorus brand of rat poison Is not highly indorsed ty eitner the Portland fire depart gnent or the Oregon Humane society. COUP WINS CONFESSION KEY". MR. ROYSTON OF SALEM ADMITS WHITE SLAVING. Minister Appeals to Girl Involved to Shield .Him and Police Chief Overhears Plea. SALEM. Or., July 2. (Special.) Teliberately coaching Frankie Ed wards. 18year-old Salem girl, to tes tify falsely to the officers In order that he might protect the good name of his wife and little daughter, was one of the high lights in a confession made here today by the Rev. Fred Royston, who was in jail charged with violation of the Mann act in connection with taking the Edwards girl to the state of Washington. Following his confession. Rev. Mr Rovston was arraigned before Jus tice Uniush. He took his statutory time In which to plead, and probably attain will appear before the court Tuesday morning. Miss Edwards, who was In the tr.lnister's company at the time of their arrest at Centralia. Wash., waived preliminary examination and was held to appear before the grand Jurv on a technical charge .of corn- ARE FARMERS SMART? When they have Veal. Pork. Poultry, Casc&ra. Bean. Honey, Wax, Hides. Wool, Mohair and any other articles. th"v are tmiart If they shtp them to Kl BY & CO.. 160 Front street, Port land. Or., who hare been in business f'r 1ft years and are reliable. VK.U I'KICKS (iONE IP, srppLT fetABCE. SHIP AT ONCE YOUR MARKET TTrKs. per dos., tS24c. Erps, select white, ttajRc; Veal, fancy, 11912c; Hogs, block. ) 1 4 12c; Broilers, 1 "4 lo 2 lbs., 2i3c. Co paid no commission. Ship any time. ESTABLISHED IN 1914. GEO. E. NICHOLS 10 nOUT STREET, rOBTLAKO, Oft. mitting an Immoral act. Officers ' said today that the girl probably ; would escape serious punishment in ; that Rev. Mr. Royston had assumed I full responsibility for her removal from the state. The confession followed a number of interviewe by the police, during which the minister had maintained that his conduct with the girl had been proper, and that he accompa nied her to Centralia merely in, the role of a friend. In staging the coup, which finally led to the. confession. Chief of Police Moffitt concealed himself behind a screen in his office and then ordered that the preacher and girl should be brought together for a "private" in terview. Seated within a few feet of each other. Rev. Mr.. Royston was said to have appealed to Miss Edwards to shield him from all blame, and there by prevent his wife and daughter from learning the truth. "I love you, Frankie," said the preacher, "and it is your duty to pro tect me in our day of trouble." When arraigned In court Rev. Mr. Royston asked for an attorney to be appointed by the judge. This Re quest. Justice Unruh said, would le granted. The court fixed , his bail at 2000, whije the girl will be released on a. 1250 bond. Rev. Mr. Royston was visited 'at the jail last night and today by more than a dozen ministers. The visitors expressed sympathy for the preacher, and told the police that he must be mentally abnormal. BANKERS EXTEND SUPPORT WOOD WAREHOUSE COMPANY WILZj BE FINANCED. . Committee Appointed to Aid in Car rying Out Plan by Issuance of 3 'A -Year 7 Per Cent Bonds. Steps have been completed for the refinancing of the Columbia Basin Wool Warehouse company by an is sue of S-year 7 per cent bonds, and a managing committee, consisting of three leading Portland bankers, has been appointed to aid the company officials in the refinancing plan. Portland bankers realizing the growing importance of the livestock industry of the northwest, were the first to extend their eupport and aided in gaining the co-operation of large eastern bankers. Henry u. Corbett, vice-president oi the company, made two visits to the east in the interest of the project and Its success Is held to be largely due to His efforts. The result of the plan win be that the warehouse company will be en abled to extend to sheep growers credit facilities needed in renewing loans which will allow the producer to continue his operations and in crease his flocks. School Construction to Start. KALAMA, Wash., July 2. (Spe cial.) Kalama's new school builditigs will be started at once. Springer & McCa.ll hive emDloyed men to clear away brush and cut trees and other wise make ready lor immediate con struction. McChesney & Lawrenson of Albany, Or., were lowest bidders on the grade school, and the best bid on heating, ventilation and plumbing was made by the Lebanon Heating St. Plumbing company. Aberdeen Ciller Named. ABERDEEN. Wash., July 2. (Spe cial.) Mayor Bailey at the council session Wednesday night announced the reappointment of ueorge uean as chief of police. The council passed an ordinance regulating dance nans and another regulating eoft drink par lors under the license system. im dance hall ordinance provides for men and women inspectors. The sort drinn ordinance provides right 91 searcn without warrant. v. Joseph Horfman Wds Mrs. Gay. VANCOUVER, Wash-, July 2. (Special.) Josef Hoffman was mar ried here today. However, it was not the renowned musician who took out a license to marry Mrs. Mary L Gay. who was 66 years old. Hoff man gave nis age as oj. r. r. Wifrntr of Vancouver, an old friend of the couple, acted as their witness In securing the license ana saw iu ceremony performed. Prineville Educator Gets Fish. TR TNTS VILLE. Of.. July 2. (Spe cial.) Professsor E. E. Evans, prin cipal of the Crook county high school. James McDaniels and William Peter son have just returned rrom a trip to East lake, where they spent two days trolling for rainbow trout. They brought back with them 40 fish rang ing from 5 to IS pounds and from 16 Inches to three feet in lengtn. Camp Closes for Fourth. CENTRALIA, Wash., July 2. (Spe cial.) The Tono logging camp of Ray Mvers and R. W. Fletcher, northeast of Centralia. has suspended opera tions until after July Fourth. During the shutdown the two men win a slst in opening a new camp south east of Winlock, which will furnish logs to the Veness Lumber company. D.UW METEOROLOGICAL REPORT. PORTLAND. July 2. Highest tempera tare. 66 degrees: lowest, 51. River reading at S A. M., 17.9 feet; change in last 24 hours. 0.2 foot fall. Total rainfall (5 P. M. to 5 P. M. ). trace; total rainfall since Seo:eniber 1. 19-. ij.'Jo inches; nor mal rainfall since September 1. 44.01 Inches; excess of rainfall since Septem ber 1, 1920, 1.94 inchea. Sunrise, 4:25 A. M. ; sunset, 8:03 P. M. ; total sunshine. 9 hours 16 minutes; possible sunshine. 15 hours 40 minutes. Uooniet, bunday, :07 P. M. : moonxise. Monday. 8:50 A.M. Barometer (reduced to sea level) 5 P. M., 30.26 Inches. Relative numiaity: a a. m. T per cent; noon, 60 per cent; S P. M 45 per cent. THS5 WHtTHER. IS !35 ill 2 3 Z 2. 2 ?i S3 1 - S 8TATTON& 5 3 la.Ker Bou-e Boston Calgary . , rhicaso . . Oenver Des Moines.. Eureka . . . Galveston Helena Kansas City. Los Angelee.. 42! 6i0.0iJi2NWfPt. cloudy 5S 70 io. - . . n w h louay 4 SJvO.n:: wirtain 92 0 00,12 3 Pt. cloudy 16 0.00 . .iSW 8,0.13110,3 86 0.00;14,SE 4S 0.4112S.S Pt. ciouu iear Clear Clear Rain 00 0.00 ..IS iCIear kriear Iciear SO ! 0.00 6t0 .00 1 74 0.00 8S1O.OO Marshfield 12NW Med lord M inneapolLs . New Crlean. New York. . -North Head. Phoenix Pocatello .. . Portland .. . . RoseburfT .- Sacramento . St. Lout. . . . Salt Lake... San Diego. . . San Fran.. - . Seattle ...... Spokane . . Tucoma ..... 12'.W IS SH I.. Clear Clear 6 . 6HI 74 0.00 .IS Pt. cloud 54 RS 0 00 22 NW So 102 0.00 10 W ciouay Clear 4tV 50 0 02112 SW Cloudy 52( 600 00;. .In WtPt. cloudy 70 0.OOI10IN Clear 8Si0.0O 3 NW Ciear 920 lt:12 9 Clear 6O 0.0Oil0(NW Clear 70 0.0v . . iSW Clear 84 O.On'22'W Clear 64 0.001. JNWlCIoudy 66 0.02 ..IS (Cloudy 680.00;. .'NWlCIoudy Tatooh Isl. . f.StO.TH 12V MTloud TO'O.VSllO W kloud 8S O.OOi. .ISE Clear R4 0 IHtf . ISW PL el loudy Walla waua. may Washington Winnipeg . Yakima ... loudy 72'0.0010NWClear FORECASTS: Portland and vicinity Sunday, fair; Oregon and Washington Sundav, fair; warmer except near the coast; moderate westerly wind. E E Wheat Production Will Be Larger Than in 1920. ACREAGE IS INCREASED Weather Conditions in Most Farts of Continent Favorable for Growing Grain. Wheat crop' prospects In Europe, except possibly in France, are regarded as prom ising. The sentiment seems to be gain ins; as the season advances that the European wheat crop will show a rather large la- crease over that of last year. A summary of the foreign crop situa tion In. the northern hemisphere, made by the department of agriculture, shows that 4he 1921 cultivated area of wheat in the. countries of Europe and North America, for which statistics are availa ble and representing ltt per cent of the world's average production. Is estimated at 49.003,000 acres, or approximately 104 per cent of the area of wheat for 1820; the 1021 cultivated area of rye in the same countries la given as 15,213,000 acres, or approximately bS per cent of the area of rye for 1020. The harvest In British India, the first in the northern hemisphere, has been ad versely affected by drouth and hot winds in most of the important wheat-growing tracts, and the general condition of the crop, on the whole, may be regarded as only fair. The total yield is estimated at 253,045,000 bushels, against 364,800,000 estimated at the corresponding date - of last year, or a decrease of 81 per cent. The drouth in France, which threatened the crop, has been broken. The minister of agriculture publishes the following com parative figures on the condition of French field crops on May 1, 1821, as compared with the correeponding date for 1820, 80 representing "good and 60 "fairly good" figures for 1920 given in parentheses): Wheat, 74 (78 ; spelt, 73 76) ; rye, 71, 77); barley, 70 (77); oats, 70, (78). With the single exception of spelt, there has been a general Increase in the acreage sown to field crops, whereas the condi tion is uniformly worse than in 1920, this being due to the continued dry season. In the United Kingdom, the young crops look promising and winter cereals are generally vigorous and healthy. In some parts of the cod n try the area under oats appears to have been increased, but this is not universal. The area of barley will probably prove to be somewhat less than last year. In Belgium, on the whole, the weather has been favorable for the crops, which are about two weeks early, although late spring sewings have been hindered some what in growth by dry weather. In the Netherlands the autumn sowings have done well under favorable weather conditions, although the development of the plants was hindered to some extent by lack of moisture. Some damage has been caused by insect pests and rodents, but the general situation is considered satisfactory. In Denmark rain has been plentiful and the crop situation Is still regarded as sat isfactory. In Sweden the crops continued to make good progress. Prospects in Germany and Hungary are reported fair and the Bulgarian crop is looking better than earlier in the season. Rumania, Jugo-Slavla and Czecho-Slovakia make satisfactory reports. Late returns Indicate a favorable out look for the crops of Italy. Rains have been of Immense benefit. Spring-sown cereals are progressing favorably. The area sown to wheat la estimated at 101.8 per cent of last year and 102.4 of the average preceding five years. In Spain there are no general complaints, although in some sections rain is desired, as the crops are reported to be suffering from lack of moisture. From North America favorable reports continue to be received. From these it appears that the crop situation is all that could be desired. In Argentina, the greatest wheat ex porter of the southern hemisphere, the autumn-sown crops are in a vigorous and healthy condition. Plowing and seeding in the wheat areas have been pushed for ward vigorously, the dry weather having favored both the wheat seeding and the curing of corn. EASIER UNDERTONE IN HIDES More Activity In Calf Skins, but at Ex pense; of Values. The domestic hide markets show no lm- ' provement and In fact an easier tendency. ; Even packers nave a weaaer undertone. The "between-season" period tends to in tensify the present lassitude. Tanners , want to see more satisfactory leather con ditions before adding to hide supplies. The call from tanners for country hides is generally restricted. An occasional In quiry is noted for special lots of extremes. and tanners would pay a slight premium tor these, but regular runs are weak and nominal. Heavier-weight stock continues the dull and drags y end, although an occassional sale is consummated. Offer ings from many sections at redactions de not produce any response from taTnners, who are holding back. There has been more activity through out the country in calf skins, but at the expense of values. BUTTER MARKET EIRil AT THE CLOSE Bggs Steady, With Moderate Receipta Dressed Veal Higher. The week closed firm In the butter mar ket. There was a close clean up of cube extras at 30 cents, but under grades, which were in large supply, did not move so welL Prints were unc hanged. The egg market was steady with a good local jobbing demand at the previous day's price ' Poultry receipta were light and no change was made In quotationa The scarcity of veal continued and the mar ket was firm at 13 cents for the best of ferings. . The demand for pork was slow. Trade In Grain Market Ceases. ' There was no session of the Merchant' Exchange yesterday and but little effort wa made to transact business throughout the country. The eastern grain exchanges closed from Friday until Tuesday. Local receipts, in cars, were reported by the Merchants' Exchange as followe; Wheat Barlev FlAnr Onu YTaw Portland. Tues. 47 Year ago Sea'n. to date. 103 Tear ago Total thia wk.2TO Tear ago . . .136 2 12 4 2 is g 5 47 ii 3 a2 5 Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balancea Portland $4.2,76 $505,714 Seattle &,3'4,3'i2 768. 560 Tacoma 713,568 135.8H9 Spokane . . 1,885,365 477.882 Bank clearings of Portland, Seattle and Tacoma for the past week and correspond ing week in former years were: Portland. Seattle. Tacoma 1921.. 1320. . 1919. . 1918. . 1917. . 1916.. 1915. . 1914.. 1913. . 1912.. 1911.. .$24,759,889 S24,5i4,4J0 $3,110,122 37,708,07:: S4.ia-3.304 S.&43.930 21,892.735 22,413.808 14,165,939 10. 71 34 079 8,674.429 11.835.660 12.lW3.356 11.690.665 1L143.285 27.768,984 3.829.679 4.354.780 2, y 7.6 10 2.335.637 1. 747.248 2.231.072 8,13.972 4.596.2HI 4.078.972 34.075,784 2C.906.137 13.08,835 S11,0SS.57 13.602.62 15.7,4b7 12.959. 6 I 12.653,996 Fresh Fruits Clean I'p. There was a good movement In the fresh fruit Una during the half day of business and the dealers succeeded In cleaning up most of the berries and deciduous fruits. Pricea were la the main steady. Hood River strawberries were offered, at $1.0 1.60 and local red raspberries at $1.50. Loganberries were slow at $1.73 for the best. PORTLAND MARKET QUOTATIONS " Grain, Floor and Feed. No session Merchant Exchange. FLOUR Family patents, t8.2l per bar rel; whole wheat, $6.60; graham, 98.40; bakers hard wheat, $7r75 ; bakrs blue stem patents, $7.25; valley bakers', $6.50; straights, $6.&0. MiLLFEBD Prices f. o. b. mill: Mill run. $32 per ton; rolled barley. $35637; rolled oats, $38; scratch feed, $0 per ton. CORN Whole, $39; cracked, $42 per ton. HAY Buying price f. o.( b. Portland: Alfalfa, $16 per ton; cheat, $20 . per ton; clover, $13 per ton; valley timothy, $24; Eastern Oregon timothy. $26. Ialry and Country Produce. BUTTER Cnbes, extras.. 30c pound; prints, parchment wrapped, box lots, 85c; cartons, 36c. Butt erf at, buying- prtce: A grade, 29c; B grade, 27c, Portland de livery. EGGS Case count 25c; candled ranch, 2Sc; selects, 30c. CHEESE Tillamook, triplets, "price to Jobbers, X. o. b. Tillamook, 19c; Young Americas. 20c pound. " ,. POULTRY Hens, 17 25o .lb.; springs, 25 27c; ducks, young, 30c; geese. noHoinal; turkeys, nominal. . . '- r rvjn.t. fancy, 12c ter"notina . - VEAI Fancy, 1213 per pound. Fruits and Vegetables. FRUITS Valencia "orances. $4.25&.73 per box lemons, $7.75 & 9; . grapefruit, $3&9.50 per box: bananas. lOftllc oound; apple. $1,50 6-2.50 per box;- strawberries $1.501.60 crate; cherriee, o12o pound; cantaloupes, $1.75 fqf 4 crate; peaches. 75c (St 1.00 per box; watermelons. 2&3c per pound; gooseberries, 6 -7c per pound; apri cots, $2.50&3 ltilh plums. $2 2.25 per box; raspberries. $1,50 . per crate; honey-dew-f meions, (jr z.o per crate; lofanberries. .5cr$1.25 per crate. VEGETABLES Cabbage 8c -'pound; lettuce, $2(i2.2o per crate; carrote. . $2.K0 per sacs; garlic, 1025c per pound; eets, $2252.50 per sack; green peppers. 80(33e pound; rhubarb, 56c per pound; turnips, $22.25 per sack; tomatoes,- $2.50 box; cucumber. $11.75 per dozen; peas. 7& llc per pound beans, 7515c afer pound. POTATOES New Oresron. 2 We DOUnd: new California, Zq 3c per pound. ONIONS California red, $1.T5 sack; yellow, $1,75 sack. Staple Groceries, . Local jobbing quotations: SUGAR (sack basis, C!an' r rDti1ted. 6.25c per pound; beet, 6.05c per pound. NUTS Walnuts, 1921c pound; Braxil nuts, 1820c; filberts, 18c; almonds, 24 30c; . peanuts, 8 11c nound. RICE Blue Rose, (ic oer Bound: Jbdih style, 4c per pound. ntAa Small white, Bhic, pink, 7e: lima, 1 c; red, 10c per pound. COFFEE Roaster, bulk. In drums, 14 36 Mc per pound. . SALT Granulated, barrel, $3.4,0'914.25; half ground, ton AOs, $19.75; 100s, $18-24; lump rock, $26.50. I DRIED FRUITS Dates, $5.50T per box; figs, $25.23 per box. HONEI Comb, new crop. $8.50 per case. " Provisions. , HAMS All sizes, 3036c: skinned. 819 36c; picnic, 18c; cottage roll, 28c BACON Fancy. 43 &' 53c; choice, 30 9 85c; standard, 25 27c. - LARD Pure, tierces, 16c pound; com pound, tierces, 11c DRY JSALT Racks. 20 23c; plates, 16c -- . Hides, Hops, Etc., TALLOW No. l,'4c; No. 2. 23c per pound. CASCARA BARK 5c pound delivered Portland. HOPS 1920 crop, nominal, 12 15c per pound. HIDES Salted country hides, 4c' deliv ered Portland; grubby hides, 3c; city calf skins, 12c; country calf skins, 10c; good kip. 6c; grubby kip. 4c. WOOL New clip, J32014c per pound. MOHAIR New clip. . JS20c- per pound, delivered Portland. GRAIN BAGS Nine cents at country points. Oils. LINSEED OIL Raw, In barrels. $1.02, 5-gallon cans, $ 1. 17. Boiled in barrels, $1.04; 5-gallon cans, $1.1. TURPENTINE In drums, 02c; B-gal-Ion cans, $1.07. WHITE LEAD 100-lb. kegs, 13c per tt. COAL OIL Tank wagons and iron bar rels, 17c: cases, SO (a 37c. GASOLINE Tank wagons and iron bar rels, 28c; cases, 441 Vn c. SAN FRANCISCO .PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc, at Bay City. SAN FRANCISCO, July 2. Vegetables -Asparagus, 6 53 11c; potatoes, $1.25&2.&0 on'ons, new red, &0&75c; green, $1.50$) l.5 box; tomatoes. Imperial. $1.753-2.50 crate; Merced, $1.7532.50 box; garlic. 4 ttc ; poppers, 1 0 q 20c ; pe as. 3 j tic ; beans, string, $1 sack; garden, 10 13c; beets. i '; tacK; carrots, i.iOf(tJ..so tack. Poultry Hans, 1825c; bHoilers, 30 81c; fryers, 32&45c; young roisters, 20 25c; old roosters, 15l&e; ducks, 263oe; geese. 25 30c; turkeys, live, 35c; dreHsed, 45 S 50c ; Belgian hares. live, 13 & 14c : squabs, fancy, 3540c: pigeons, $3 dosen. Fruit Oranges, Valencias. $H43.54: lem ons, S7T8; grape fruit, $2.50 &4; straw- oerries, ou'ffojc arawer; loganberries, 20 85c drawer; raspberries. 60 ftp 85c; black berries. 35 & 40c ; cherries, 5 'U 7c ; Bings. lii&zuo pound: apricots. 1-1.50 small lug; peaches. 1.2dS2 crate; cantaloupes, standard, $2.80&3-00; . ponies, $1.752.25; fiats, &0c$l.lO; figs, 6O&60c single-layer box; currants, $ 1.00 1.25 drawer; plums, $1.502.25 crate; watermelons, 23c; grapes, $2 3 lug. . OXXY ONE LOAD OF LIVESTOCK IN Market Closes Steady in All Lines at North Portland. A single load of hogs reached the North Portland yards yesterday.- 'They were of good grade, averaged 213 pounds, and were sold at $0.25. The yards will be closed on Monday. Livestock prices at the local yards fol low: Choice steers , Medium to good steers Fari to medium steers , Common to fair steers ...... '. , Choice cows and heifers Medium to good cows, heifers.. Fair to medium cows, heifers. Common cows Canners Bulls Choice dairy calves Prime light calves Heavy calves ................ Choice feeders Fair to good feeders Hogs Prime light " Smooth heavy. 250 to 30O lbs.. . .$6.507.00 .. 5.506.25 4.755.50 . . 3.Wf4.75 . . 5.OOe3-50 . . 4. 25 S 5.00 . . 3.20A 4 25 2.253.25 . . 1.50T2.25 2.50&3.5H . . BOO '8. 50 . . 7.50 8.00 8. 004.50 . . 4.50&5.G0 ..' 2.50$ 4.30 .. 8.75ff)60 -. 7 OO 8.0O Smooth heavy. 300 lbs. and UP 6.00-6 7.00 fKomrb. heavy 4.0Ka7.4n ..........,. o.i"ry i ,wu Vat pigs . . 8. 75 -5 9.00 8.50 9.00 Feeder pigs Sheep East-of-mountain lambs. . Best valley lambs........ Cull lambs Heavy yearlings ......... Oight 'yearling Light wethers Heavy wethers . .50fS7.00 . 6.00 6.50 . 4.00 -a 5.00 . 4.00 0 4.50 . 4.50 6 6.00 . 4.0Of4.&O ..3.00(2 4.00 Ewes . 1.003.5O Chicago Livestock Market. CHICAGO. July 2. (United. States Ba rea-u of Markets.) Cattle Receipts, 500 head. Mostly steady; beter grades 10c to 15c higher. lloe Receipts, 4000 head. Market ac tive and steady to 15c higher. Sheei Receipts, lvou Dead. tompirta with week ago, lambs and yearlings- most ly $ly 1.50 lower; sheep steady. Seattle Livestock Market. SEATTLE, July 2. Cattle weak. ' No receipta Quotations unchanged. , Hogs steady. No receipta Unchanged. 300 Idle at Willamina. " WTXJjAMINA Or., July'". 2. (Spe cial.) Three hundred workmen ar out of employment in the west "end of Yamhill county and little hope Is held for improvement in the- situa tion. yillamlna is a mecca for idle men. Closed mills and a reduction in the force of men' on railroad work here are responsible for the surplus. A warning has been given to those coming- to this region expecting to find plenty of work and big wages. Farmers are paying small wages. Finns to Go to Astoria. CENTRALIA, Wash., July 2. (Spe cial.) The recent conference in Win lock of the- Finnish Congregational churches of vthe northwest was at tended by more than 100 delegates and visitors. Prominent ministers of the denomination from all parts of the country addressed the four day sessions. - Astoria. Or., was ehosen as the meeting place -for the next conference. GENERAL TREND OF Recovery Due to Reaction From Over-Pessimism. BOND'S ARE MORE FIRM Exchange Situation Improved Somewhat and Wage Reductions AVill Help Matters Further. . BY STUART P. WEST. ' (Copyright by The Oregonlan.') 'NEW YORK, July 2. (SpeclaL) This week's sharp recovery on the stock ex change is not so much the result of any developments in the general situation as It is the recoil from a state of excessive unwarranted pessimism. When- the his tory ' of the recent experiences has been written it will probably be found that W11 street went quite, aa far in over estimating the unfavorable trade con ditions In June, 1921, as it had rone in over-estimating the apparently exuberant prosperity In October, 1919, r- As was the case in the period of de moralization last December, it has been proved that there was nothing in the malicious trouble rumors of a fortnight ago. No bank has failed, no big institu tion has confessed embarrassment, no cor poration of consequence has gone into re ceiver's hands. Companies Generally Sound. At some level, prices are bound to get low enough to reflect the worst of a trade situation -except in eases where this leads to company Insolvency. , There is no ques tion, however, about the solvency of cori poratlons which have a surplus of sound collectable assets over debts, and this is the position of the rreat majority whose shares are listed on the stock exchange. Several times before it has looked as if such a minimum price level had been reached and the indications have proved to be deceptive. . But In the present stance there are stronger reasons than at any stage so far, to conclude that the market has been through its worst and that the low prices of last month -were the bottom, that is, for the general run of stocks. The market during' the" last few days has shown Increasing resistance to dis turbing news incidents. Steel shares have advanced in face of continued bad reports American oil stocks have more than held their own, despite further reductions In crude and gasoline quotations. RefinedSi sugar has been marked down to low rec ords without bringing, any fresh liquida tion into the sugar stocks. Two weeks ago the market would have been swept off its feet by such a smash as occurred In Mexican Petroleum, and some of the other Mexican and South American oil shares there were affected by the increased Mex lean export tax and the proposed Ameri can duty on imports of crude and fue oiL But this week the sensational break scarcely caused a ripple of disturbance innther parts of the list. Bond Prices Swing- Upward. . ranK reserves continued to pUe up, es pecially in the eastern part of the coun try and while this has not so far been a stimulus to business it has begun to make itself felt in the investment market. Bond prices are In the midst of any upswing more vigorous than anything seen since January and the meaning of this is that investors foresee a further lowering of official discount rates, a, decline in the rate of Interest money generally and a consequent rise in the prices of all sound securities of limited yield. While events in the credit situation bearing upon investment outlook have bf en encouraging, the same cannot be said for the course of the foreign ex change. It Is now recognized that some thing else lay behind the drop in sterling from $4r to $3.70, besides the rush to get hold of dollar credits to meet the first installment of the German indemnity. The reparations committee for the second in stallment 'waived the requirement of pay ment in dollars and accepted sterling and francs. This would have brought more of a response in British and French ex change had the supporting" elements in the market been the same as -4.hey Vwere in the middle of May, So, too, the prospect o easier ;money conditions and the plans for funding the foreign war debts to the United States might have been expected to have had sdme stimulating effect. .- International Trade Dubious. It has been suggested that the repara tions commission may be in the market discreetly to exchange foreign eurrencles for dollars, and conducting the operation so that, while it may keep rates down, it will not reproduce the demoralization that occurred at the time of the first German payment a month ago. This is one explanation which. If . . u partly account for the heaviness in rates. But the action of the exchange market i a reminder also that Europe cannot keep on sending us gold in settlement of obligations, that ultimately it must de pend upon selling us goods, and that be tween the raising of new tariff barriers and the failure to materialize of the various projects for extending long term credit, the whole international trade problem is quite as dubious as ever. Without a revival In the expert trade, which seems altogether unlikely -for a long while to coma, American producers must place their reliance upon home mar kets. This will mean that when recov ery comes the volume of production and the margin of profit will still be email by comparison with the inflation era which came to a close a year ago. Business nen, $74,958.58 Fresno, California 7 Municipal District Improvement Bonds Dated February 7, 192t. Due January 2. 1822-1S31. - FINANCIAL STATEMENT OP DISTRlCTi Assessed valuation, land and improvements. ... . .. .$201,247.50 Appraised valuation, land and improvements 479,750.00 Total debt (including this issue) 74,958.68 . 'These bonds are issued for the Improvement of "O" street, which Is the main street, and runs at right angles to Mariposa street, two blocks below the courthouse. Fresno is the richest city per capita in the United States, and is the center of the Raisin-growing industry of California. The growth of the city has been rapid and progressive, gaining in population from 24,892 in 1910 to 44,16 in 1920. Price to yield 8 ' According to estimated maturities. Carstens & Farles. Incorporated t-'.atabltfikVd neat Msaioipai and Corporation Baada. V. 8. Natioaal Bank Blda;. Portland. Orefroa. Broadway 4108. Saa Kraaieiaeo Las Amgelea aye satisfied, however, with this proepect, provided they can get their costs down. The most important and hopeful in cidents have been the latest accomplish ments In this line, such as the 12 per cent reduction in railway wages, which now seems likely to be accomplished by the brotherhoods and the second wage eat announced by Bethlehem Steel and pretty certain to be followed by the other com panieswhich will deflate steel wage scales to the point where they stood in the fall of 1017. Seattle Feed svad Hay. SEATTLE, July 2. City delivery : Feed. scratch feed, $49 per ton; baby scratch feed, $49; -feed wheat. $52; all grain chop. $42i oats, $39; rolled oats, $41; sprouting oats, $44; wbote barley,. $35; milled feed. $3; bran, $32; whole corn, $39; cracked corn. $41. Hay Alfalfa, " $22 ton; double com prised alfalfa. $26: ditto timothy. S30: eastern Washington mixed, $26; straw, $20. Seattle Dairy Fred nee. SEATTLE. TJuy 2. Wholesale prices to dealers: Aggs select local ranon, white shell. 28c; do. mixed colors, 2 1 cr 29c: pullets, 24c isutter cur creamery cubes, 84c: bricks or prints, sec; country -creamery extras. cost to jooeara, in-utea, sue. MARKET STEADY RECEXT TEXSIOX IX SECURI TIES IS RELAXED. Xew Tariff - Bill Provokes Bear Campaign on; Foreign Oils; Rail Stocks Strong. NEW TORK, July 2. Pronounced relax. ation of recent tension was noted in the securities market this week. Aside from certain stocks in which further reactions resulted, from, well-defined causes, the list was fairly steady. The prolonged bear campaign and' liqui dation which centered around foreign oils was Intensified by announcement of the provisions of the Fordney tariff bill These Impose expectedly heavy Imposts on oils of foreign origin.' - Shares of other companies which are expected to come more or less directly within the scope' of the new tariff sched ule also suffered irregular reversals, but in a majority of instances these were only temporary. The constructive side of the market was featured by steady but moderate absorp tion of Investment and speculative rails. Shares of the secondary or reorganised roads evinced greater strength than the dividend-paying stocks. nxiuipmenta hardened on the upward movement of rails, but the more volatile steels reflected gradual diminution of pro duction. This also applied to motors and their subsidiaries as well as rubber and textile issues. More slashing of prices by Independent steel manufacturers meas ured the further decllue at mill centers and strengthened the conviction that ad ditional wage cuts are contemplated. ihe stronger position of the countrvs financial institutions waa shown in larger. federal reserve bank' reserves. July in-' terest and dividend disbursements were Inaugurated without disturbance to the money market. Bankers ex Dressed their opposition, however, to further reduction of discounts at this time, in view of th unfavorable results which followed last January's lowering of rates. Foreign excimnces. asexDreesed In rates to Loudon and Paris. vrre not at all strengthened by the termination of the British coal strike and reported tiettlement of the Kilesian controversy. Remittances to central and eastern Europe were distinctly heavier. .Foreign Fx change. ' Foreign ex-change rates at close of bust 1 nees yesterday, furnished by Northwestern rrational bank - of Portland. The amount quoted is the equivalent of the foreign unit in United States funds: Country. Unit. Rate. Austria, kronen $ .0023 Belgium, francs 0805 Bulgaria, leva 0119 Czecho-Slovakia, kronen 0141 Denmark, kroner .1618 England, pound sterling 3.76O0 Finland, fin mark 0190 France, francs 081 0 Germany, marks .0146 Greece, drachmas ................. ,0i2 Holland, guilders 321ft Hungary, kronen w OfH.1 Italy, lire 0.V0 Jugo-Slavia, kronen AO 7 6 Norway, kroner Portugal, escudos 1 4r Roumanla, lei 01 "8 Serbia, dmara .02 SHI rpaln. pesetas l.'t(5 Pweden. kroner 225 Switzerland, francs 1608 China Hongkong, local currency.. .4075 Shanghai, taels .flTOO Japan, yen 4850 NEW TORK July 2. Exchange Irregu lar. Sterling, demand $3.7K; cablee $3.73; francs, demand ft. 01, cables 8.03; Argen tine, demand. SO. 12; Brazilian, demand 11.23; Montreal. 124 per cent discount. Money, Sliver, Etc NEW TORK, July' 2. Prime mercantile paper. 6464 per cent.-. - Bar silver, -domestic, 994 c; - foreign, aiexicau dollars, 44c LONDON, July 2. Bar silver, 85 M pet cent. Discount ratea short bills. per cent Bank Investigation to Go On. MEDFORD, Or., July 2 (Special.) A special sesaion of the Jackson county errand jury has been called for to convene at Jacksonville on' July 6 wlth-J. W. Eldon of Central Point as foreman, to continue. It is said, fur ther invectlg ation into the Bank of Jacksonville failure. The errand jury. was not dismissed at the May term of court, but was empowered to continue . its investigation into the bank failure I of the October term of court. $95,000 School Work Off. SEATTLE, "Wash., July 2. Summer repairs and improvements to school building's here, cost of which was es timated at $95,000, have been deferred Indefinitely by the school board, it was announced today. Only such ex penditures as are necessary to pre vent depreciation will be authorized this year, members of the board said. This, they pointed out, was in answer to general demand for retrenchment and lower taxes. Mrs. Lorena Beebe of Orion, Mich., has passed her 106th birthday and still does 'her housework. Seattle Isskau BUYING INCOME Buying bonds for investment is the safest way in which you may BUY INCOME. Invested in Safe Bonds your money earns its full rental value. The $300,000 issue of BROADWAY - YAMHILL (HIPPODROME) BUILDING. Guaranteed First Mort gage IVzIo Bonds, we recommend as a highly satisfac tory investment for the most conservative buyers. These bonds are secured by a First Mortgage against valuable improved real estate, situated in the heart of the business district of Portland on the corner of Broadway and Yamhill streets. . The property is conservatively valued by the Port land Realty Board at $625,000. These bonds are uncon . ditionally guaranteed as to principal and interest by Alexander Pantages and Lois A. Pantages, whose Net Worth is in excess of $4,000,000. These bonds qualify as a Legal Investment for . Savings Banks under the State Banking Laws of. " Oregon. MATURITIES AND PRICES 25,000 due June 1, 1922 ...99.53 25,000 due June 1, 1923 99.09 25,000 due June 1, 1924 98.69 25,000 due June 1, 1925'. 98.32 200,000 due June 1, 1926 97.97 To Yield 8 Phone, wire or call Broadway 3171 Bond & Goodwin &Ti)cker INCORPORATED UNITED STATES NATIONAL BANK Bl'llDINC v PORTLAND IQJ General Obligation Coupon Warrants of Sunnyside Valley Irrigation District Surtnyside, Washington Ihis 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 tinder 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. DAILY CITY STATISTICS Mmrrins Ueeaaee. HRICKSON-ORR Daniel D. Erlckson. leral. U. S. 8. sturn. Bremerton, Wash.. and Jessie Orr. leg-al. Hoyt hotel. KRAUSB-NAGELB Fred Lea Kranje. S3, Hillsdale, Or. and Rose Magele, 21, Hillsdale. Or. A LBB RT-OLNBT Adam Albert, legal 6825 Forty-slxtb avenue Southeast, and Sylvia Oloey, legal. 14111 Minnesota avenue. 8L.ATBY-KUNIHOIM Herbert J. Slatey. legal. 71 Bast Sixteenth street North, and Florence EL Kunihotra. legal, 71 Bast Six teenth street north. GRIPFIN-KUNIHOLM Paul A. Griffin K(itt wh and Edyth O. Kuni- holm, legal. '71 Kast Sixteenth street North. MAUJ'kKUrr 1DOIUU y. tine, o, 301 East Eleventh street, and Ruth Knopf. il. S10 blast Ninth street. JONBS-HONNEN Dixon Jonea, Bi. 107 Maryland avenue, and 2Ceva A. Honnen, 27. tt!4 Thompson street. BODWAT-OLBNN Eugene M. Bodway, 20. 130 Hood street, and Thelma Glenn. 111. ISO Flower street. DETER-MAT Carey C. Deter. 22. Jen nings Lodge, Or., and Thelma P. May. 19, 26 Fifty-third avenue. HINDBRLONO-MBLVIN William Hln d.rlnn, l R8 East Forty-seven th street Nerth, and Luella Melvln, legal, 840 ,ast Clinton street. HAYNIB-HARVHT George K. TTaynle. 23, 148 East Third street, and Dorothy Harvey. 18. 885 East Tenth street North. CHANG-LING James W. Chang, legal, Corvallls, Or., and Bertha May Lang, legal. ft06 Mill street. NBLSON-RORIO Gustave B. Nelson, 8B, Multnomah hotel, and Lorelta T. Roric, 29, 821 Northrup street. HILL-CRAIN Dan Blair Hill. legal, Portland, Or., and Ella. li. Crain, legal, Madison apartments. KUTKBNKAMP-NUM Lewis Nnnenkamn. 23, Seattle, Wash., and Helen C Numm, 19, 1U9 Albtna' avenue. VAN KLEECK-HATES Harry Van Kleeck, legal. Seattle. Wash., and Ruth Hayes, legal, 126 Olympic avenue. Liong-Bell Increases Activities. K-urr an wii IiiIt 1.f Sneriial. The Long-Bell Lumber company places lie purvey crew no. in mu liero west or vaoer yesxeraay, wnere it will be engaged in the topograph ical survey of the timber belt, of which about 80.000 acres lie in Lewis Wa .aaa and recommend the purchase oregon"county BONDS to ytold 6 In com Tx Exempt. Wallowa County, Or., 5s Dae 1924-27 Deschutes Co., Or., 5Yzs One 1923-28 Lake County, Or., 5Y2s Dae 12 Details Upon Request El.pevereaux5i(Q INVESTMENT BONDS 8T SIXTH STKUT - WCU1 FAaOO BL0G. Roaowiv ioaa PORTLAND, OREGON HERRIN & RHODES, Inc. (Established 18M) BROKERS MEMBERS CHTCAOO BOARD OK TRADE, Private Wire Direct to AH fceenr Ity and Commodity Market. Local aad Valiated Seenrttlea. Qnetatleaa aad Informatloa Caeer tmllj Faralaed. LIBERTY AND VICTORY BONDS BOUGHT AND BOLD. . Main 283 aad ZS4. 901-305 Kallwar Uxcaana-e Bid. AKGELES SEATTLE county, westward from Vader. About 60 men will be In this crew. About. 200 men will be working' on the sur vey when the new crew is completely organized. James Goodyear, who has the contract to clear the milleite, also commenced slashing- work. Bees make both honey and wax . from the nectar obtained from flow ers. H I! By Way of Comparison It is possible to realize more quickly and vividly than in any ether manner the ridiculously low pricea at which a frat number of sound stocks are now ailing if prevailing quota tions are compared with prices of other years as far back as 1907. We shall ba vary plaased to send, upon request, booklet giving the price range of all leading stocks for many years back, - Ask for PG-53 i &HRli5flIlJ.RK5DHfi 66 BROADWAY NEW YORK IEUB0WUn GREEN 4020- ::uu:itmtuiui:n:m:iuiimtrrnnutuRmt:uHmrtu 0VERBECK & COOKE CO. Brokers, Stocks. Bonds, Cottsaw Oraim. Kte. 16-217 BOARD OF TRADB BUM-, Wall Wylla, Wash. Fort) fund. Or. Pendletoii. Or. JtLEMBEBS CHICAGO BOAJU OF Corre-poD dents of Lsocna A Brjaaw Cixicafo and isew York. MEMBERS New Tork btock Kxchantrs, Chirafro Stock Exrhangt, Bostua Stek Exx'banco. (bk-aeo Board of Trad. Sew Vork Cotton Exclianre. New Orleans Cotton KxchaajK, Kew York Produc Kju.haa;a W innipec Grain Exchanfe, Liwerpoul Cotton Aa-MMUasv - I PUT? OI1I Pit I 5 ! l w i w LOI S wn-4.w i 12 STOCK EXCHANGE 20 10 SHARES ISSUE., PROFITS 7-DAY-OP- g I'N- TION FOR 2Jj LIMITED The only wav to trade safely. Write tor Booklet 54, FREE, ex "plalninp fully. C. GOLDKCRST CO. Service! Reliability! - I I 50 Broad St.. Sew York I I ALLEN BROS. CO. Brokers 216-217 Chamber of Commerre Bids.. Pbona Automatie &11-1S PORTLAND, OR.