TTTK STVOAY OTCEOOXTAN. PORTLAND. DECE3IBER 2o, 1921
11.
EHD-0 F-YEAB QUIET
IS FELT BY MARKETS
No Serious Change Implied in
Financial Check. .
EXCHANGE MUCH BETTER
iBterling II Nets to $1.20 After
Standing: Around $3.90 Dur-
liiff Middle of November.
BY STt'ART P. WEST.
Vpyrl(rht, ltn.1, by The Oroironian.)
1 NBW YOKK, Dec. 4. Special.) The
check tht wtek 10 the upward movement
In the financial market n;muItaneoua in
'stock . band and foreign exchange hai
not Implied any strlous change in opinion
In th general outlook. It u:ay hav tig-
Inf finance, that Wall street, in the advance
during the first hair of - UeeemDer, naa
allowed Itself to become a bit too enthu-
laj'ttc over the profped for 1U'2'2 in cer
tain lines of trade. liut mainly the de
cline was the normal readjustment which
marketH In variably have t hat long move
Continuously in a single direction.
In a word, the stock market haa had
the reaction which It was entitled to after
a month of almost unbroken advance. The
bond market h&. fulfilled the expectation
that it could not keep moving ahead in
face f the competition of mii:h an outpour
of new capital Ik.-u-h as has been going
en now for five months.
Improvement In Exchange.
In the exchanges the speculative element
his counted a It has in utmks. That is to
lay, such a decline as hav taken place
from the high levels of a fortnight ago
has been merely a technical readjustment.
It ha In nowise taken away from the
reality of the Improvement in European
finances signified by the advance in ster
ling from around $3.00 in the middle of
November to above $4,110 and the recovery
In French exchange in a still s-horter In
terval from 6.10 cents to the franc to 8.30
eentH.
The lessened activity In the various mar
Vets is quite in keeping with the slowing
down in business circles preparatory to the
nd of the y-ar. The active production of
the steel mills is off about 5 per cent from
the maximum of a month ago and prices
of some of the lighter products, such as
wire and wire products, have been cut
again. Dullness has settled over the cop
per trade while some of the automobile
companies have been closing down plants,
rj kh my reKuiiiny au n. i hup ' i
fthe purpose of stock taking. But whether
lit la stuel or copper or automobile making,
Vr oil the forecast for lfl!li among the
general run of business men is altogether
hopeful. Nobody look for a boom, but the
idea mainly expressed Is that the recovery
which was Interrupted in December will
be resumed In January and wilt gradually
continue until it eventually reaches a pe
riod of normal production and moderate
tout reasonable profits.
Lower Conta Neceeaary.
As is well known, the chief obstacle In
the way of the return of profitable condi
tions In Industry Is the inability to bring
(tout a thorough enough revision of labor
costs. The principal difficulty in the path
of wage reduction is the cost of living
problem, and as everybody realizes, the
reason why more prourehs has not been
made toward a solution is that the defla
tion of wholesale prices has not been passed
along to the consumer, but the middleman
and many retailers have been getting an
undue benefit.
A campaign of Investigation, with a view
to publishing the guilty ones, has now been
projected by the department of Justice, it
ought to have been undertaken long ago,
but coming even at this date it is most
elcome. If this cru?ade accomplishes Its
object. In bringing to the public the full
advantage of the decline in agricultural
price it will be the greatest single accom
plishment conceivable In the way of help
ing the busineas community back to good
times.
Buying Power Increased.
Next to settling satisfactorily the cost
-Vo living question, the thing most to be
idr"lred itt a return to better conditions for
the farmers, upon whose buying power so
trade. In this direction the developments
Of the last week have been definitely fa-
vorah!e. In cotton, the shock occasioned
by the discovery of the tremendous exag
geration of the crop shortage has been more
than counteracted by the Improvement In
trade demands both here and abroad. In
wheal. Europe has come to realise that It
has been over-estimating the crops of
Ji-'t-22 and that it is not as independent
of the American surplus as It had supposed
Itself to be two months ago.
The revival of the export demand has
given the wheat market the most encour-
P ging appearance that It has worn at any
U'l'o nmv it mir in ins. BUlIHlier. 1 ne Olg
autumn movement from farm to market
Is over. It has been unusually heavy and
has drawn down farm supplies exception
ally far. The grain trade Is beginning,
therefore, to get the reaction from the
at ate of almost panic in which It was
thrown In the autumn by what now seems
to have been unwarranted reports of tre
mendous over-supply.
SAN FRANCIrtCO PRODUCE MARKET
Price Current on Vegetable. Fresh Fruits,
Etc., at Hay City.
BAN FRANCISCO, rw. -J4. (State Di
vision of Markets.) Krult Apples, 8 A
and 4-tler, $1 4d:(j :t.T.; casabas. crate, 75c
..?: oranges, navels. $4. S.50; lem
ons, $3.rHi4; grapefruit, $3(3.75; grapes,
crate.. $1.754i2; cranberries, hox, $o3fo.54J;
Pars, box, strawberries, small
crate l!.r.O 3 .' 0.
Vegetables Artichokes case. f 16 IS;
trlng beans, pound, 3-Vrf2c; -arrota. doa-
n, 5e; celery, crat. 9 1.. 10 $'3. SO; cucum
bers, small box, H?v ,"0; eggplant, lb.,
4ft tic; let i uce. crate. l.L'5i 4 ."0; mush
rooms, pound, 20(fi4ftc ; olivea, pound,
2 tfz-.ric; onion, brown, cwt., $'.i04.25:
freen, doz., 10c; pea, pound, lSV-"c; bell
peppers. 104j loc; potatoes, f 1.75 -& 2.50;
pumpkins, sack, 7octi $1 ; rhubarb, box,
$2 (t .i : sif uash, lug, $1,50 (ft 2.25; sprouts,
pound, flfy. 8c ; tomatoes, $1.25 3.
Poultry Brolieri, 8 4 ft .Wc: rooster,
young. 22(ff.tlc; old, 17i0c; hens. 23 t
Sic; ducks. 22 iff-25c; turkeys, live, SSft43c;
Receipts Flour, 4402 Quarter sacks:
wheat, 20 centals; barley, 20,250 centals;
corn. centals; potatoes, 4o."5 sacks;
cn Ions, 15 sacks ; hay, 110 tons ; hides,
6300.
QfOTATIONS OS DAIRY
TRODICE
Current Frtrcw Ruling on Butter,
nd Kggs.
Cheese.
8AN FRANCISCO. Dec. 14. Dairy prod
uce exchange closed.
NEW YORK, Deo. 24 Butter Cnset
tled. Creamery, higher than extras, 424 5
4:te; creamery extras. 41 Vx &4:ic; firsts, otf
'
Kaga -Steady: unchanged.
Cheese Steady, unchanged.
CHICAGO, Dec. 24. Cnsettlcd. Crcam
trv extras. 42W43lic: firsts, .18l40fcc; scc
onda, 30(VrS2U.c: etandarda, 87c.
Kkks L'naettled; receipt, 40TrJ caaea;
flrata. 50c; ordinary rirata. i;i'ij4.V:; mia
rellaneous, 4?w4'Jc; rcf rlgrrati)r firsts, 38
it 4c.
KANSAS CITV, Mo., Dec. 24. Eggs
"r'lrin. unchanged.
Hut ter I'nc hanged.
Poultry Hens and apritigt. unchanged:
turkeya, ,"iic today, quoted nominally for
next week.
BKCKIPTS AT STOCKYARDS
Monday Will Ba Ohaenred aa Holiday
With No Market.
I.lveatocK truding for the week ended
cn Friday. There were no receipt at tho
local yards ycaterday. The Christmas
holiday will be observed Monday. There
will be no market, but alt stock received
Will be taken care of.
I'rlrea quoted at the Portland Union
lorkyarda were as follows:
Cattle
Choice steers f I! T,n 7 00
Medium to good aleera d.oo'fjj fl.r,0
Kit1'' -ert um We- a .Y Sllw K (H)
TURKEYS
For Chrlatmaa. Alao other poultry.
hlp tu arrive Dec. 17 to It. For
ra Irar'M Ile. 27 to 2H.
BIBV CO..
H8 Front 1st. J'ortlaod, Or.
2. .10 ft s no
5.0U"j 5 50
4.2ft ft' 4.T5
fi.OI 5.50
4.505.00
4.00 4.50
8 0of 4 00
1.75ra.0A
8 00Tr4 .O0
9 oon 50
8.00fi fl.OO
ft oofc h on
S.OOlU'tt.OO
8. 7.17 ft on
7.50ft 8 50
6.50ft 7.50
6.007.00
8.50& fl.00
H .00 4z 9 L'ft
4.50 f 0.50
8. 50 9 00
8 oojrfl.fto
e.oo-a s.oo
4.00 r 6.00
tf.0Otfir7.00
8.OOfT7.00
s ooft a. no
4. 60 '(T 5.50
4. 00 ft 5 on
1.00 ft? 5.00
Chicago Mvestock Marked
CHICAGO. Dec. 24 (U. 8. Bureau of
Markets. ) Cattle Receipts 200; compared
with week ago: Beef steers, mostly 25c to
50c lower; plain to medium grades show
ing: full declines; she stock generally 25c
to 60c Ior; veal calves $1 to $1.60 off;
Blockers and feeders 25c to 40c lower;
bulls f0c lower. s
Hogs N(MM); active and strong- to 15c
higher than yesterday's average, with lights
uj muHt; shippers bought about 750U; good
clearances ; top 7. SO for 1 6 0-pound aver
age; 7.50 for 1H0 to 100 average; bulk
$7ft 7.40; pigs 10c to 15c higher.
Sheep- 1500; practically all packers di
rect and all on shipper account; compared
with week ago, fat lambs and yearlings
about $1 higher; fat sheep and feeder
lambs steady to 25c higher.
Omaha livestock Market.
OMAHA, Dec. 24. (U. S. Bureau of
Markets.) Hogs 2500; 15 ft; 20c higher;
bulk of sales. ti.70W7.85; top $6.05.
Cattle None. For the week, handy-
weight and yearlings, strong ; others and
she stock, steady; bulls and vealern, steady;
stop Hera and feeders, weak to 25c lower.
Hheep None. For the week, rat lambs.
2550c higher; sheep mostly 25c higher;
feeding lambs steady.
Heat tie Livestock Market
BRATTLE. Dec. 24. Cattle and hogs
steady; no receipts, no price changes.
CORN TIEN. FOR RUSSIA
PURCHASE OF FIVE CARGOES
HELPS GRAIN MARKET.
Wheat Firm and Quarter to One
Cent Higher at Close of
Chicago Session.
CHICAGO. Dec. 24. Despite the double
holiday In prospect prices continued their
upward movement on the Chicago board
of trade today. Wheat finished with net
gains of to lc; corn advanced H to He
and oats U to c Provisions were prac
tically unchanged, except ribs, which reg
istered net gains of 12 to IT points.
Sentiment for higher prices was marked
from the atart In wheat. The oplnlonwas
advanced that the coming government re
port would show decreased farm stocks.
Keporta from the dry portions of the win
ter wheat belt had It that only light snows
had fallen thore and these were swept
away by winds, leavings the plantings un
protected from cold waves predicted for
today.
Corn was Influenced by wheat and also
by the sale of five cargoea for Russian
relief.
Oats followed corn.
Provisions were dull.
The Chicago grain letter received yester
day by the Uverbeck & Cooke company of
Portland follows:
Wheat Trade today was confined almost
entirely to evening up of contracts over
the holiday and the range in consequence
was narrow. July wheat wa. relatively
stronger than the old crop months, due
to a report that the condition of wheat
in Oklahoma is 47, compared wltb 88 last
year. It is alao expected the government
report next week on the condition of fall
non wheat will make a bullish show
ing. Little doing In export circles and
likewise In the domestic situation. The
outlook In our opinion la for higher prices
next week.
Corn The trade In thia market was
good with prices again showing a distinct
upward tendency based on evidence of a
stronger cash position now developing. New
York wired that five cargoes were taken
by the government for Ruaalan relief. We
adhere to the belief that the movement of
the new crop this year will not be a burden
on the market.
Oats Trade aqttve and market strong
on buying by cash interests and commis
sion houses for outalde investment ac
count. Oats are undeniably cheap and
when we recall that the 11)1 crop was
a small one and that there is not likely
to be any movement of consequence from
th-lnterlor for the remainder of the aea
son the Investment side looks very attrac
tive. Rye There was continued buying by
leading elevator interests and prices re
flected the strength in wheat. No sales
of cash grain were made. No. 2 rye was
nominally AM cents over December.
Leading Future Ranged as Follows.
Wheat Open. High. Low. Close.
May
1.17
1.1714 i.i 1.1
1.05 1.04 j. 1.05 V,
July
1.04
corn
May ...
.6514
.65
.67 t
.5SH
.50
.55
5-
July ...
oats
May ...
.88
.31)
.884
.8ft V,
July ...
.40
1'ork
Jan. . . .
14.85
15.05
May
Lard
Jan.
8.72
9.15
May
.. 9 15
9.T
9.15
KIbs
Jan 8.00
805 8 00 8.05
S. 15 8.'
May 8.15
rash prices are as follows:
Wheat No sales reported.
Corn No. 2 mixed. 50i4 0'30c: No. 2
yellow, 50 Vi f 50 c.
oats .no. wnue, iwfttfd9fec; jno. a
white. 35(&38e.
Kye .no. .'. siuc
Barley 53 545c.
Timothyseed 10.
Clovers eed 12. 50& 16.40.
Pork Nominal.
Lard 8.72.
Kibe ti.50'6'8.50. '
Primary Receipts.
OHTCAOO, Dec. 24. Primary receipts
Wheat. 545.000 bushels; corn, 1,256,000
bushels: oats, 559.000 bushels.
Shipments Wheat. 841). 000 bushels;
corn, 702,000 bushels; oats, 420,000 bushels.
Minneapolis Cirmtn Market.
MINNEAPOLIS, Dec. 24. Barley, J38
39. Flax. No. 1, $1.9TVt 2.03V.. Wheat,
Decembor, il.3SV; May, ,1.24; July,
11.191..
Winnipeg (irHln Market.
WINNIP1SO, Dec. 24. Wheat, December
$1.10'.,. May $1.14, July 11.11
Grain at San Francisco.
SAN "FRANCISCO, Dec. 24. Grain
Wheat, milling. Jl.Wirl.M: feed. SI. 839
1.95; barley feed, SI. 25 Q 1.30: shipping,
S1.30O1.40; oats, red feed, S140cl.60;
corn, white Kgyptian. $1.72 Vt 1.77 Vi ; red
llilln. ll.424jFl.45.
Hay Wheat. $17&19; fair, $1417;
tame oat. $15018: wild oat, llrl3; al
falfa, $13l? IV; stock, $9 12; straw, $10
l--
Seattle Grain Market.
SKATTLK, Dec. 24. Wheat, hard white,
while club, hard red winter, northern
Klring, Hig Bend blueMem, $1.11: soft
white, sort red winter, $1.12; eastern red
Walla, $I.0.
City delivery Hay, timothy, $23; D. C,
$27; mixed $21: alfalfa. $17; D. C. $23:
straw, $15; barley, whole. $33: ground and
rolledl $35; clipped, $40; chick starter,
$54; chop, all grain. $35; cocoanut meal,
$28; corn, $33T34; corn, cracked and feed
meal, $37; cottonseed meal, $44; linseed
meal. $58: niaah mixture, egg. $40fff4;
scratch food. $45; soya bean. $tJ0; wheat,
$42; Puget sound, $38.
Payment of Taxes Active.
LA ORASDE, Or.. Dec. 24. (Spe
cial.) Indications' are that in aplte
of the "hard times" of the current
year, the ratio of delinquent taxes to
the total tax levy In- Union county
will be materially lower by the end
of the year than a year ago. Since
October 15, $43,000 has been collected,
leaving $55,000 Rtill to be collected,
compared with $.10,000 last year. The
total taxes for the year amounted to
JBSS.noo. an Increase of $108,000 over
the previous year.
Common to fair steer
'holce feeders
Fair to good feeders
Choice cows and heifers
Medlmu to good cows, heifers.
Fair to medium cows, heifers.
Common cows
fanners
Hulls
Choice dairy calves...........
Prime light calves
Meriium UKht calves
Heavy calves
Hogs
Prime light
Smooth havy, 230 to 300 lbs..
Smooth heavy, 300 lbs. and up.
Rough heavy
Fat pigs
Feeder pigs
Ktagit, subject to dockage
Sheep
Kaat-of -mountain lambs
hfnt valley lambs
Fair to good
Cull lambs
Fawtern Oregon feeders ,
Light yearlings ....
H'-Hvy yearlings
Light wethers
Heavy wethers
Ewes
OREGON PRUNE LIST
WILL BE. ADVANCED
Prices to Follow New Rise in
California.-
SMALL SIZES CLEANED UP
All Italians Except 20-3 0s and
SO-4 0s Have Already Been
Disposed Of.
Prune prices have been advanced 4
cent a pound on all sizes except 30-40s,
on which an advance of 114 cents has
been made by the California Prune and
Apricot association on its 1021 stock, ac
cording to authentic advices received by
the Oregon Growers' Co-operative associa
tion. Tha California association Is now quot
ing Its prunes packed In 25-pound boxes
f. o. b. coast as follows: 30-40s, 14c:
40-5Os, 12c; 50-8OS. 10c; 60-7OS, 9c; 7O-80S,
8c; 80-90s, 7He: 90-100s, 7c.
A relative increase In price will Imme
diately be placed en Oregon association
prunes which have been selling within a
Vs cent of the California stock through
out the season.
The Oregon Growers association has no
Italian prunes smaller than S0-40s. all
but these and 20-3O. havlr. been cleaned
up earlier in the sesson, while the Califor
nia association on the contrary, has
cleaned up all but Its smaller sites.
STOCKS MOST ACTIVE WHEN STRONG
New Bond Cnde rltlngs Disposed of
With Ease.
NEW YORK. Dec. 24. As the year
draws to a close surveys of competent au
thorities regarding the outlook in finance,
trade and commerce are noteworthy be
cause, with scarcely an exception, they
sound a note of optimism.
The work of the arms conference at
Washington, resumption of dividends by
railroads and Industrial companies re
cently in arreara, the decrease of unem
ployment and general enhancement of
bond values are some of the substantial
or constructive Incidents of the past week.
These are offset or neutralized In a
measure by reduced expenditures, a
marked Increase of business failures and
the slackening of production in steel and
Iron with further price reductions. Fully
one-third of the recent mercantile embar
rassment occurred In the south, but last
week's reduction of rediscounts by the At
lanta federal reserve bank was accepted
as proof that financial tension in that sec
tion is gradually relaxing.
In the share list the most significant
feature was the fact that stocks were most
active when strong and very apathetic
when the forces of reaction were in con
trol. Dealings In stocks were subordinated to
the steady inquiry for bonds. Although
liberty Issues and some of the foreign war
twnrii occasionally were heavy, the ease
with which new underwrltlngs were dls
poaed of v suggested that January interest
and dividend payments were confidently
anticipating new channels of investment.
Negotiations now in progress point to
numerous mergers by secondary industrial
Interests In the early months ox the new
year. Acquisition of Amerlcsn Brass by
Anaconda Copper la likely to be followed
by amalgamations In the steel and motor
trades where conditions are at low ebb.
In the oil Industry consolidations of vari
ous minor companies are under discussion.
Bankers believe the turn into 1922 will
be accomplished without serloua distub
ance to domestic credits. They are less
hopeful, however, as to foreign exchange
which In their opinion will be largely In
fluenced by .th. attitude of the allied pow
ers towards Germany's January and Feb
ruary reparations payments.
LARGE APPLES SCARCE AND FIRM
Oregon Newtowns, Spltxenberg'a and Ort
leys at Fas tern Auctions.
Looal apple prices show not material
change from a week ago. The large sizes
are scarce and are firm. Spltzenbergs,
extra fancy, range from $2 for 175s to
$3.30 for 88a to 100s. Fancy Spitx of the
large sizes, 88s to 125s, are held at $2.50
93.25. Extra fancy Delicious, 125s to
150s are quoted at $2.7503.25; extra fancy
large Romeo at $3 and extra fancy New
towns at $2.2593, according to size.
No carlot sales were reported from th.
Interior.
At Chicago, Oregon Ortleys sold at $2.25
92.60 for extra fancy meddum to large
and choice, small to large at $1.6392.25.
At the New York auction, Oregon apples
brought the following prices: 1330 boxes
Newtowns, extra fancy, medium to large,
$2.2092.50; small' to very small, $1,909
2.10; fancy large to very large, $2 209
2.50; small to medium, $1.70 9 2: combined
extra fancy and fancy, all sixea, $1.849
2.30; 945 boxes tipttzefiberg. extra fancy,
medium to large, $2.6092.95: choice, all
sizes. $1.759 2.10 ; 755 boxes Delicious, ex
tra fancy large, $3.1598.30: few very
large, $3.70; medium. $2.5092.95: fancy
large, $2.5092.83; medium. $2.2592.45;
1400 boxes Newtowns. extra fancy large to
very large, $2.5092.70; small lot, $2.85;
small to medium, $2.0392.54); combined
extra fancy and fancy, medium to very
large. $2.25 9 2.85.
Oregon Spltzenbergs at the Boston aoc-.
tlon sold at $2.40 9 2.80, averaging $2.43,
for extra fancy grade.
WHEAT TRADE STOPS IN NORTHWEST
Foreign Markets Are Closed Lntil After
Holiday.
Holiday conditions were very evident in
the wheat market yesterday. There was
no session of the exchange and no busi
ness was reported in the local or country
markets.
At Liverpool Saturday was a holiday,
alao Monday and Tuesday. It was like
wise a holiday at Buenos Aires.
Minneapolis reported choice wheat quiet,
medium grades In strong demand, durum
slow, winter wheat about unchanged and
trade light. Minneapolis wheat stocks in
creased 85,000 bushels and corn increased
55,0410 bushels. Flour shipments were 45,
244 barrels.
The Oklahoma crop, report placed the
condition of winter wheat at '47 per cent
aKalnst 86 per cent a year ago. The
weather forecast for the middlewest fol
lows: "All states In grain belt generally
fair tonight and Sunday. Cold wave in
Illinois, Missouri, Wisconsin and Iowa.
Rising temperatures elsewhere."
Terminal receipts in cars were reported
by the Merchants' Exchange as follows:
Wht. Bar. Fir. Oats. Hay.
Portland, Sat.
53
is 10 13
Year ago ....
Seaaon to date. 19.506
Year ago .... 8,573
Tacoma, Fri
Year ago ....
Seaaon to date. 6,323
Year ago .... 3.013
Seattle, Fri. ... 24
Year ago
138 1,29
167 431
.146 RT.4
312 1,159
78 860
43 522
88 492
74 347
3 8
Seaaon to date. 4.99T 130 1,305
288 940
Year ago
C.900 168 196 258 1,010
BEST GRADE TURKEYS SELL WELL
Poor Stork Drags and Geese Are Also
Slow.
Turkey receipts yesterday were of fair
size and No. 1 stock cleaned up at 27fcP
H cents, but poorer grades dragged.
Dressed geese were slow at 25g32 cents.
Live poultry of all kinds was generally
firm at the close of th. week.
There was no change in the egg market.
The local demand was lighter, but buyers
paid the same price to shippers as on
Friday. Butter was steady and unchanged.
Bank CI e rings.
Bank clearings of the northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland $3,960,945 $ 677.9)4
Saattle 5,2!8.1.M 1.299.571
Tacoma 440. 70 3 3 2.018
Spokane 1.55.3HH 625,759
Baa- clearings of Portland, Seattle and
for this week
week in former
Portland. He
.$28,730,188 $35.
. 27.73U.419 2H.
and the eorre-
years were:
attle. Tacoma.
830,584 $2.75.704
:1.037 3.570.343
. 3il.013.88H
. 27.859.288
. 17,018.515
. 10,422.971
. 8.3iJ.I70
. 1 . 1 0.H:.
. 10.072.22
. 9.52H.539
. 9.420.124
980.347
(1411.220
4.5BS.1 15
4.050,631
3.2O7.M70
1.931,502
1.47.'.l2
1.737.480
3.4K3.4K3
3.768.876
14 7
183.382
O25.205
1.23
3K7.733
324. 52
591,093
4,312.109
-Low Grade Hops Moving.
A number of hop sales were reported
during the week at 2022 cents for the
best grades and 15 cents for the lower
quality. Until recently the only inquiry
was for prime and choice hops.
The rail rate to the Atlantic coast will
be reduced on January T from $2.92 to
$2.50 a hundred. A number of English
owned lots, which have been held back
pending the reduction, will be shipped
then.
Sweet Potato Demand Expected.
There has been no improvement yet In
the potato market- There Is no demand
for shipment to the south, but dealers
believe that with the recent heavy rains
In California, Inquiry for seed stock will
develop soon. It is estimated that about
-000. cars of Oregon potatoes remain to
be shipped.
Mill-Ran Prices Advanced.
An advanca of $1 a ton in mill-run was
announced by local mills. The demand
has been Increased materially by the cold
weather. Mixed cars are quoted at $20
and small lots at $21 at mill. A similar
advance occurred on the sound.
PORTLAND MARKET QUOTATIONS
Grain, Flour, Feed, Etc
No session Merchants' Exchange.
FLOUR Family patents, $7 per barrel:
whole wheat, $0.2O; graham. $6; bakers'
hard wheat, $7.05; bakers' bluestem pat
ents, $6:55; valley soft wheat, $5.60;
straights. $5 25.
MILLFEED Price f. o. b. mill: Mill
run, ton lots, $21; mixed cars, $20 par ton;
middlings, $34, rolled barley. $343ll;
rolled oats. $36; scratch feed, $43 per ton.
CORN White, $.13; cracked. $.13 per
ton.
HAY Staying price f. o. b. Portland:
Alfalfa. $14. 50 per ton: cheat, $1212.5;
oat and vet.h, $14.50$T15; clover, 112;
valley timothy, $15S 15.50; eastern Ore
gon timothy, $182 18 50.
Dairy and Country Produce.
BUTTER Cubes, extras, 42c per pound;
prints, parchment wrapped, box lots. 44c;
cartons, 45c. Butterfat buying prices, No.
1 grade, 42c, delivered Portland.
EGGS Buying price, 44 45c,; jobbing
prices, case count, 45 '0 46c; candled ranch,
48'0'50c; association firsts, 48c; association
belects. 53c; association pullets, 45c.
CHEESE Tillamook triplets, price ta
Jobbers f. o. b. Tillamook, 26c; Young
Americas. 27c pound.
POULTRY Hens. 17-925c; springs, 209
21c; ducks, 22&20c; geese. 2tK; turkeys,
Uve, 35c; dressed, No. 1, 47ij48c.
PORK Fancy, 12c per pound.
VEAL Fancy, 14c per pound.
Fruits and Vegetables.
Local jobbing quotations:
FRUITS Navel oranges, $4.50 96 per
box; Japanese oranges, $2.50 per bundle;
lemons. $5t6; grapefruit, $497 per box;
bananas, 8ic per pound; apples, $193.50
per box; pears, $1.7592.25 per box; grapes,
California Red Emperors, 12c per pound;
cranberries, eastern, $20 per barrel; pine
apples, $7.50 per case.
POTATOES Oregon. $1.5091.73 per
hundred; Yakima, S292.25 per hundred;
sweet potatoes, Sfryoc per pound; Arkan
sas. $2.50 per crate.
ONIONS Yellow, $4 5095 per hundred.
VEGETABLES Cabbage, 2 3c pet
pound; lettuce, $3.73$ 4. 50 crate; carrots,
$2.50 per sack; garlic, 12 Vs 9 15c per pound ;
beets, $292.50 per sack; cucumbers, $2.50
93 per dozen; celery, $5.2595.75 crate:
green peppers. 859 40c per pound; cauli
flower, $22.50 per crate; squash, 214(!3c;
sprouts, 17Hc. turnips, $292.50 per sack;
parsnips, $293 per sack; tomatoes, $4.50
per lug.
Staple Groceries.
Local jobbing quotations:
SUGAR (sack basis) Cane, granulated,
6.03c pound.
NUTS Walnuts, new crop, soft shell
23 9 36c pound; Brazil nuts, 18920c; fil
berts, 20925c; almonds, 18927c; peanuts
19911Vac per pound.
RICE Blue Rose, 6ftc per pound; Japan
style, 6c per pound.
COFFEE Roasted,, bulk. In drums, 189
85c per pound.
SALT Granulated. bales, $3.2094.05;
naif ground, ton, 30a. $17.20; loos, $16.23.
HONEY Comb, new crop, $3.5096 per
case.
DRIED FRUITS Dates. $T per case;
figs, $1.4093.75 per box; apples. 16c lb.;
peaches, 15917c; apricots,- 23926Vic;
prunes, 7H912c.
BEANS Small white. 60; "large white,
4c; pink, 6c; bayo, 6lic; red, 6c.
Bides, Hops, Etc
TALLOW No. 1, 4c; No. 2. 9c pet
pound.
CASCARA BARK 3c a pound delivered,
Portland.
HOPS 1921 crop. 1522c per pound.
HIDES Fresh cured, 5c per pound;
bulls, 4c; calf, 12c per pound; kip. 7c;
dry hides, 9c; dry salt hides, 7o per pound.
PELTS Dry pelts, full wool, 8919c per
pound; salt pelta, 35 9 50o each, according
to size. '
WOOL Eastern Oregon, 13923c per
pound; valley, 12914c per pound.
MOHAIR Oregon, 13922c per pound,
delivered Portland.
Provisions.
Local Jobbing quotations:
HAMS All sizes. 279 31c; skinned. 24
33c: picnics. 20c; cottage roll, 23c.
BACON Fancy. 39 945c; choice, 27 9
32c; standard, 23926c.
LARD Pure, tierces, 14c pound; com
pressed tierces, 14c.
DRY SALT Backs. 18921c; plates, 15
Oils.
LINSEED OTLRaw, In barrels, 9c;
S-gallon cans, $1.04. Boiled, In barrels, 91
cents: 5-gallon cans, $1.06.
TURPENTINE In druma. $1; S-gallon
cans, $1.15.
WHITE LEAD 100-pound kegs, 12V4
per pound. (
GASOLINE Tank wagons and Iron bar.
rels, 26c; cases, 3814 c.
Excess Reserves Decreased.
NETV YORK, Dec. 24. The actual con
dition of the clearing house banks and
trust companies for the week shews that
they hold $28,383,690 reserve In excess of
legal requirements. This la a decrease of
$8,655,710 from last week.
Port Calendar.
To Arrive at Portland.
Steamer From Due.
Klfuku Maru ...... .Muroran .....Dec. 25
Hannawa San Fran Deo 23
Alvarado New Orleans. .Dec 25
Steel Seafarer New York. ... Dec. 25
F. S. Loop Ban Fran . . . . . Dec. 27
Johan Poulsen
..an e ran Dec. 27
..Sun Fran Dec. 26
.Japan Dec. 27
..Japan Dec. 28
..Japan Dec. 29
lavenport . . .
Tomira Maru.
Kelfuku Maru
Hrazil Maru .
Senator
.San Diego ....Dec. 29
Flor. I. uckenbach. .. .Mobile ...
. . Dec. 29
. . Dec SO
Kiso Maru ..Japan
Hattle Lucicnnaca
lowan
West Keats
Las Vegas
Rnamer. ....-.
Mobile ni... .in
New York ....Dec 30
Orient Dec .10
Or.ent Dec SO
Newport Dec. 0
Rose City San Fran Jan.
Mississippi Vancouver ....Jan.
Montague Orient Jan.
Scotland Maru Japan jan.
Cape Remain New York Jan.
Kinkasan Maru Japan Jin.
Willoolo New York Jan
2
2
2
8
4
6
7
City of Vancouver. . - ancouver ....Jan. 10
Moerdya curope Jan. 10
Nictheroy London Jan. 10
Holland Muni Japan Jan. 12
Ts Depart From Portland.
C'.am.r For
Date
. .Dec. 26
..Dec 27
. .Dec. al
Chas. H. Cramp ....New York..
Rose City can rran..
Senator San Fran..
Vessels fn Port.
Steamer Berth
Benlawera Terminal No. 4.
Chas. H Cramp Wauna
Edward Lurkenbach. Terminal No. 1.
England Maru Peninsula mill.
Kureha Maru Terminal No. 4.
Liberator Weatport.
Lulae Nielsen Inman-Poulsen mllL
Margaret Coughlan..S. P. siding.
Minnesotan Port. Flour. Mills.
Oregon Fir (sch.) . . . .Drydock.
Oregon Pine (sch.). .Harvey dock
Rose City Alnsworth dock..
Rder Kanify Weatport.
Santa Rita Weatport.
Steel Worker Terminal No. 1.
Sweden Maru
.nammona mill.
.Terminal No. 4.
.Peninsula mill.
.Terminal No. 1.
..Inman-Poulsen mill.
. St. Helens.
Tenpaisan Maru .
Undaunted (sch.)
West Ki.w
West Katan
Ypree Maru
Tacoma
sponding
1921
1!20
1010
118
1IU7
1916
1915
1914
1913
1912
1911.
E
TRADING IX STOCK MARKET OF
SMALL. PROPORTION'S.
Oils, Metals, Rubbers and Tobaccos
Are in Lead Bonds Irreg- '
ular at Close.
NEW YORK. Dec 24. Th short ses
sion of the stock exchange today was a
traders' affair, th. week-end and impend
ing holidays combining to reduce dealings
to slender proportions.
Sq far as the list showed any definite
trend, price changes mainly were toward
higher levela. Oils, metals and miscella
neous issues, including rubbers and to
baccos, supplanted the usual leaders of
the industrial division.
Many of the popular rails were entirely
ignored for specialties controlled by pools.
New Haven repeated Its low quotation of
the year, but Chicago A Northwestern
recovered part of its decline. ciales
amounted to 275.000 shares.
Business in foreign exchange was little
more than nominal, but the principal re
mittances were distinctly firm. The Lon
don rate was higher by 1 per cent and
allied quotations rose 3 to 20 points,
strength also being shown by Dutch,
Swiss, Norweglaaf and Spanish bills.
Ths bond list retained ita recent uncer
tain characteristics, liberty issues and the
domestic division almost as a whole clos
ing at mixed changes. Total sales, par
value, $5,775,000.
Changes In th. weekly clearing houae
statement were slight, considering tae
heavy transfer of funds in connection with
new underwritings. Actual loans and dis
counts decreased $1 4.253,0iS) and the cash
loss of about $8,606,000 was barely one
third of the previous week's gain. leaving
excess reserves of approximately $2S,
400,000. CLOSING STOCK QUOTATIONS.
(Furnished by Overbeck A Cooke com
pany of Portland.)
Sales. High. Low.
Bid.
Advance Rum
Agr Cliem . . .
do pt d . . . .
AJax Rubber.
Alaska Gold. .
Alaska Jun..
Allied Chem..
Allls-Chal ...
do pfd.
Am Bt Sug.
Am Bosch...
Am Can Co..
do pfd
Am Cr & Fdy
do pfd
Am Cot Oil...
do pfd
Am Drug Syn
Am Hd & Lea
do pfd
Am 1-ce
Am IntI Corp
Am Linseed...
do pfd
Am Loco. ....
do pfd
Am Saf Rax. .
Am Sh & Com
Am Smelt ....
do pfd
Am Snuff ....
Am fc?teel . Fdy
11
2:1
36
16
67
87
85
27
33
33
93 V.
142
114
21
43
4
13
61
75
4
31
57
los
114
4
6
41
811
1O0
.12
51
80
113
131
126
70
ll2
25
12
49
l'U
-9 2
85
84
81
96
104
34
32
56
7
5
1H
121
12
611
48
83
110
80
84
47
63
6
16
15
28
18
81
40
65
24
88 i,
65
3
91
20
46
21
90
110
37
82
84
71
65
85
6
13
13
106
18
120
53
78
10
13
10
77
10
87
12
67
138
10
42
03
35
11
27 n
81
74
46
77
75
11
97
40
7
32
1
3
5
78
1113
13
63
12
62
90
14
2
11
23
33
42
26
16
44
28
57
161
13
1117
24
108
114
20
13
26
8
23
68
14
17
45
66
43
123
.16
82
15
12
96
78
23
53
73
100 29 29 a
'i,'Ofl "io4
100 3i
"906 '57 574
200 38 37.
ioo '34" "si"
boo 33 Vi S3
"ioo Hi" 143"
iio" 21 '21
Y.206 "is" 'ii'vi
10,200 40 40
l'.ioo iosi io34
"'ioo "ivi "4'i
7K) 51 5'.
2,6110 45 43 Ta
2UO 87 87
"flid 82 H S24'
I.80O 52 614
"8H) il35i iiivi
2Ul 131 131
"1,206 '79'" iSii
"ioo 'iili "1214
4.700 49 v. 49 V.
".vio 'ii'hi "iii "
6IH) 86 85 V
"406 81 '4 Si"
4.000 96 95
"460 '35" ji"
iV6 "'5I4 "iii
1.4110 1914 19 '
l.lOO 121' 121
3O0 12 12 V.
2M) 69 Vs 69
4,000 49V4 48V
V.066 iiiii iio"
lOO 30 30
200 34 84 V4
. 600 47 V 47
5,900 63 61
'"ioo "i(T '56
6..MK) 16 13
800 . 28 27
4.000 18T4 18
0,200 314 29
300 41 40
'"800 89 " S!)"
2.000 66 63
1,700 3 3
200 9 2 91
"'ioo '46 "46
1,700 ' 0 6 ' 9 6 '
100 100 110
2.500 37 36
500 32 82
"ioo ii" 'ii"
800 63 63
Am Sugar....
do pfd
Am Tel A Tel
Am Tob
do B ....
Am Wool. . . .
do pfd
Am W P pfd.
Am Zinc
Anaconda ...
Ased Oil
Atchison ....
do pfd
At Coaat Line
At Glf & W I.
Baldwin Loco
do pfd
Bait & Ohio..
do pfd
Beth Stl "B".
B R T
Butte C A Z. .
Butte A Sup.
Burns Bros. .
Caddo Oil....
Cal Pack ....
Cal Pet
do pfd
Canadian Pac
On Leather
Cer de Pasco,
('hand Motor.
Chi & N W...
C O W
caw pfd..
Chill Cop ...
Chlno
C M Rt P
C M St P pfd
Coco Cola . . .
C & O
Colo F A I...
Colo So .....
C U A E
Col Graph...
Con Gas
Cons Cigars..
Con Can
Cities Bankers
Corn Prod
Corn Prod pfd
Cosden Oil . . .
C R I A P..
do "A" pfd
do "B" pfd
Crucible
Crucible pfd.
Cuba Cane...
C Cane pfd . .
C A Sugar...
Del A Hudson
Dome Mines..
Del A Lack..
Dav Chem...
Kndicott John
Erie
Erie 1st pfd.
Erie 2d pfd . .
Fam Players.
F M A S
F M A 8 pfd.
Flsk Tire . . .
Gaston Wms.
Gen Cigars...
.100
11.600
200
200
100
2.500
2.3O0
800
HOO
1.0CI0
400
8.900
"2o6
900
6
13
13
lOH
18
121
53
78
10
13
10
6
13
13
105
1
119
52
77
10
15
lo
76
'si'
12
38
12
Gen Elec
Gen Motor...
Glen Alden. . .
Gen Asphalt.
Goodrich ....
Goodyear
Granby
Gt N O
(it No pfd...
Greene Can..
G S Steel
Hask Barker.
Houston Oil..
Hupp Motor
Ills Cent
Inspiration ..
I A C com...
I A C pfd. 1...
Interboro ....
lnterboro pfd
lnt Callahan.
Int Harv ....
Int Harv pfd.
Int M Marin.
do pfd ....
Int Nickel ...
Int Paper....
100
16,700
139
10
189
10
3,000
100
65 65
100
800
81
74
31
74
ino
400
75
11
75
11
1,000
200
40
7
39
7
200
loo
400
OOO
400
14
63
12
63
"14
2
11
23
53
42
26
17
44
28
67
14
63
11
62
"l3
2
11
23
68
41
26
16
44
28
67
Int Paper pfd
Invincible Oil 23.800
Island Oil 1.4U0
Jewel Tea.... 300
K C Southern 200
do pfd 2U0
Kelly - Spgfld 1.700
Kenneoott . . . 1.4U0
Keystone Tire 13,400
Lack Steel.
100
200
900
I.ee Tire ....
LehiBh Valley
Lorillard
Lowe Theatrs
LAN
Marland Oil..
May Dept Strs
Mhx Pet
Miami
Mid States Oil
Mldvale Stel.
M K A T "Wl"
do pfd "Wl"
Mont. Power..
Mont. Ward..
Mo Pac
do pfd ....
M S P c S S M
Nor Amn
Nat Biscuit...
Nat Enamel..
Nat I.ead.....
Nevada Con..
New Haven . .
Norfolk A W.
Nor Pac ....
Nova Scot Stl
N Y Air Brke
N Y Central. .
Ok la Prod ref.
Ontario Silver
Ontario A W.
Otis Steel....
Pacific Dev..
Pa Gas A Klc
I'anta Allegro
Pacific Oil
Tan Amn Pet
do "B" '
Penna .......
Peo Gas
Pere Mam....
Pure Oil
Phillips Pete..
Pierce Arrow.
Pierce Oil
Pitts Coal....
Pitts & W V.
do pfd ....
rreaad Stl Car
Pullman
Ray Cona...... ,
Reading ,
Remington .. 1
Replogle Steel
Republic IAS
do pfd
Rep Motors...
liyl Dutch Oil.
Hy Stel Spg.
S O. N J
Sara Ro.-bm-k
tihattuck, Ariz
7,800 114 113
2"0 26 26
9.700 14 13
2.10O 27 26
3.3O0 8 8
. 300 25 25
"300 .14 ii"
a 00 17 17
- 4UO 45 45
"766 43 43
"lOO 37" 86
"ioo is" if."
1,400 12 12
"406 78 isvi
"700 7.1 72
4on 3 2
10
5
66
27
47
61
46
83
"I
200 5 5
100 66 66
V.ilio 47 . -ii vi
1.1"H 62 61
3(10 40 46
2.41MI 33 83
3,HM 62 60
IOO 20 20
7110 37 .17
900 82 .12
200 13 13 U
3.2O0 12 11
2.60O is" 24
"400 is" is"
6O0 72 71
loo 24 24
200 25 25
1IH 61 51
"800 50 49
Y.ino isi' 180
6181 511 58 1
. 3U0 8 . 8
32
13
12
62
24
77
82
107
14
-
24
25
M
82
7
R0
81
18.1
6
6
Shell TAT..
Sinclair
Stand Oil Ind.
Sloss-Shef
Sou Pacific...
Sou Ky
Si L At S F. . .
Strom Carb. . .
Studebaker .. .
Swift Ae Co. . .
Tenn C A C.
Texas Oil
Tex Pacific...
T P C A C. . . ,
Tob Products.
Trans Con Oil
Union O Del. .
Union Pac ....
United Alloy..
United Drug- .
U Food Prod .
United Fruit. .
Unit R of N J
Union BAP.
Unit R Stores
U S Ind Ale
U S Rubber. .
do lat pfd . .
U S Smelting.
U S Steel
do pfd
Utah Copper. .
Va Chem. ....
do pfd
Vsna Steel....
Vivandou ....
Wahash .....
do A pfd...
do B pfd. ..
Wells-Fargo ..
West Pacillc.
do pfd. .....
West Union...
West A B. . . .
Wen E & M. .
West M1
White Motors.
Willys-Over ..
do pfd
Wliaon 1'kg. . .
Wis Centra. ..
Woolworlh ...
Worth Pump..
W A L E
White oil
U S 2s reg . . . 1
do coupon . . '
do 4a reg . . . '
88
87
5
79 -18
21
35
2,000 22 21
UO0 87 87
i'.ioo iri" is
tVH 18 18
3,100 79 78 7
97
1.3O0 10 10 lrt
1.0.8) 43 45 45
5.81 26 26 -M
1,200 2 S 27 27
SOO 63 82 6.1
4,918) 11 lt 11
4) 18 18 1
300 125 124 124
71
11
122
8
7
33
39
64
99
35
83
1 1 4
63
27
68
81
6
6
20
13
67
100 . 9 . 9
"ioo 'a"
"'000 53 6.i"
.Vh 3 38
1.1.81 M 34
100 99 99
i',26 83 . 83
1.700 64" 63"
"io6 7 67
"200 -6' 6'
7.a 6 6
8UO 2V 20
3O0 16 16 16
3.8) 52 62 51
100 0O 0O 0.1
94
KM) 50 50 5i
8
100 37 37 37
2O0 5 6 3
27
25
132
44
7
10
. 84
. 50
. 91
.03
.93
. 881,
. '
. 99
l.0 7 7
8.81 11 10
BONDS.
101 ;Nir Pac 4s . . .
101 No Pac 3s
1n4 1. P. TAT 5a
do cv 4s cp.
104V:Pnn ran 4Ul.
Pan da reg
80 !so Pac cv 5s..
do coupon .
Am TAT cv6s.
So Ky 5s ....
107 Un Pac 4s....
84 U S Steel 6s..
Atch gen 4s. . .
D A R cons 4s.
NYC deb 6s.
72;
98 'Bid.
.Liberty Bond Quotations.
Liberty bond and victory note quota
tion at New York, as furnished by Over-
beck A Cooke company of Port.and:
Open. High. Low. C!o.
Liberty, 3s 04.10 94.40 94.10 04 3.)
do first 4s 96 30
do 2d 4s 95 70
do first 4s... 90.30 96 52 96 80 96 40
do 2d 4s 95.86 9600 95 72 95 86
do 3d 4V,s 97.26 97 4.1 97 20 97.14
do 4ht 4V.S....96 40 1(6 40 96 24 96 36
VUtorv 4s ....100.04 1U0.04 ion. (.t I011.112
do 3s 1.10 (14 1O0 04 190.00 100.02
Mining Stocks at Boston.
Allouez 22; No Butte
Ariz Com .... 9 ..(ld Dom
C.il A Ariz saulOn-eola
Cal A Hec ...271 'Qulncy
K Butte Cop M 10 Sup A Bos M.
Franklin 1'Shunnon
lale lioyalle ... 23 lUtah Cons ...
Lake Cup 2iVlnona
Mohawk 55 I Wolverine ....
12
2.1
32
42
1 1-16
1
40
10
Swift A Co. Stocks.
Closing prices for Swift & Co. stocks at
Chicago were reported by the Overbfcck A
Cooke company of Portland as follows:
Swift & Co 97
Llbby. McNeil A Llbby 3
National Leather 2
Swift International 23
Money, Silver, etc.
NEW YORK, Dec. 21. Foreign bar sil
ver. 64 c.
Mexican dollars, 49 c.
LONDON. Dec. 24. Bar silver, 84d per
ounce. Money, 3 per cent. Discount rates,
short bills, 8 per cent; three months
bills. 3 93 per cent.
Commodity Exchanges Closed.
NEW YORK, Dec. 24. The coffee and
sugar, cotton and produce exchanges were
closed today.
-New York
Honda,
:allona furnished by
.. of Portland:
New York bond quot
Herrin A itnodcs, inc.
Am Tel A Tel 6s
do 6s
Anaconda 7s B
do 6s A
Armour 4s
Argentine GI 5s
Am Ag Chili 7s
U-th Steel et 7
Belgium ext 7s
do 6s
do 8s
Bergen 8s, city of....
Berne 8s. city of
Brazil SS'
CatMillan 3s ..........
Canadian 5s .........
C 11 A St p'g'nArf '4's
Can Nor 7s
Chile Ss
Christiana 8s, city of..
Cuban Amer Sugar 8s.
Con Gas cv 7s
Dia Match 7s
Danish Mun 8s
Dupotit 7s
French 7s
Grand Trunk 7s
Goodyear 8a
Gulf Oil 7s
Great Northern 7s....
Humble Oil 7s
Int Rap Tr ref 5s
Int Mar CT Us
do 7s
Killy-Sprlngfleld fcs...
NYC call 7s
Norway es
N P A G N (Jnt) 6s.
N P 6s
Penna 6s
Rus Rubles 5
San Paulo 8s
Southwest Tel 7s
Swedish Govt 6s......
Swiss 8s
Swift A Co 7s
Un Tank 7s
U S Rubber 7s
Wilson 1st 6s
Weatinghouae 7s
Zurich 8s
Maturity. Price.
1922 loo
'..".'. 19L-4
9:1V
1929
, 1920
, 1939
194 5
1941
-933
1945
1025
1940
, 1943
1943
1941
11126
1931
99
46
87
76
99
inn
103
94
103
106
104
103
95
94
106
36
109
101
107
101
103
107
106
103
94
108
110
HIS
106
99
52
88
72
103
106
IOO
K16
106
103
3
100
1.81
94
113
119
HI4
1.13
85
106
107
1930
2014
A.
1940
1941
1915
1931
1925
1933
1945
1931
1941
194.)
1941
1933
1936
1923
....... 19.16
1941
1921
1931
1930
1940
1936
2.147
19.16
1926
1936
1023
1039
1 940
1923
1930
1 930
1928
1931
1943
Bid.
Standard Oil
Standard Oil stocks i
Stocks.
it New York, fur
Cooke company of
Closing
Bid. Asked.
nlshed by Overbeck &
Portland:
Anglo ,
Borne Scrysmer . . ,
litickeye ,
Cheesebrough ,
do pfd
Continental
Crescent
Cumberland .......
Eureka
Galena com .,
do Old pfd ,
do New pfd .....
Illinois Pipe
Indiana Pipe
National Transit ..
N. Y. Transit
Northern Pipe
Ohio Oil
International Pete
Penn Mex
Prairie oil ,
do Pipe
Solar Refg
Southern Pip. .....
South Penn OH ....
S. W. Penn Oil ....
S. O. Ind
do Kansas
do Kentucky ....
do N. Y
do Ohio
do Ohio, pfd ....
Swan & Finch .....
Vacuum
Washington
S. O. Nebraska ....
Imperial Oil
171
18
323
83
180
104
120
27
120
77
40
103
100
135
81
28
343
90
260
16
17
660
i!ll!!i35
76
190
5l
87
360
435
365
390
Ill
3.1
3.IO
33
16.)
104
350
85
190
1.17
124
29
130
70
42
106
1..3
185
83
2
ISO
94
272
16
19
570
229
353
79
2.M)
59
SS
573
445
46H
4.8)
113
4U
3IO
m
170
ioa
Foreign Bonds.
Foreign bond quotations furniahed by
Overbeck & Cooke company of Portland:
Bid. Ask.
Belgian rest Ha 64 67
do prem 5s 73 76
do 73. 1945 103 104
do 8a, 1911 H5 16
do 6a. 1923 94 95
Brazil 8a. 1941 104 1.4
British 6. 1922 4.30 44.)
do 5a. 1922 43.) 4 19
do 5a. 1927 428 438
do 5a. 1929 422 432
do vky 4s 328 338
h.. -..f a . . "ma via
Bordeaux 6a. 3934 83 86
Canadian 5a. 1937 93 93
do 5a. 1928 aa 91.
do 5s. 1929 96 16
do 5s, 1931 94 9.',
tn Kb 1U-1T . . . ' 5
Chilean '8s, 1941 IOO 101
currency efc a
Denmark 8s. 11)45 1.16 )OT
Dan. Muni 8a. 1945 jml lo7
French
4s, 1911 48, 49
102O 72 72
1931 fti 61
do
do
do
ta. 1941 94 !M
fa.
',!. I ' ' V9"t
Herman W
L 5s .1 4
Berlin 4P J
Hamburg 4s 4
n il. s
Lelpsig 4 H'-i
uo s O'a
Munich 4a A '
do re 71
Frankfort 4s Vs
Italian 5a. 1M1S - .14 '
Jup l-. H'31
do lat 4U.S, jM-jrt stl-
do i'd 4Vs, 1!'.'J Kill.,
Norwav Ss. 1940 1oS
!'.!.-. an .V.-.s nut 1J
do 6s, 1ft
We own and offer
A long-term, high-grade general
obligation municipal bond
Eastland County, Texas
5V ' Bonds
Population 58,000 Price to net 534
(Income Tax Exempt)
FEDERAL INCOME TAX LAW FOR 1921
Send for our complimentary booklet explain
ing the analysis of this new revenue act.
f L Devereaux Sifimpany
INVESTMENT BONDS
8T SIXTH STREET PORTLAND. OREGON BROADWAY 1042
GROUND FLOOR WELLS-FARGO BUILDING .
do s. 1919
Swiss 5 L a. 1929
do 8s. I94) . . .
U K 5 a. 1922 . .
do 5 a, 1929 .
do 6S, 1937 .
.. 12
.. 94
..lit
. . 19
. . 98
. 95 i.
14
94
112
1.81
99
90
Foreign Exchange,
NEW YORK, Dec. 24. ForeUrn ex
change steady; Great Britain, demand.
$4.18, cables 14.19; France, dimand
7.08. cab.es 7 99; Italy, demand 4 43,
cables 4 44; Belgium. demand. 7.62.
cables 7.63; Germany, demand 33, cables
54; Holland, demand 36. 5S. cables 35,64:
Norway, demand 13 63; Swedt'n, demand
24.85; Denmark, deuiand 20 15; Switzer
land, demand 19.35; Spain, demand 14.08;
Greece, demand 4.14; Argentina, demand
33 37; Brazil, demand 12 87; Montreal,
93.
Xnpavlnc Finances Satisfactory.
CHEHALIS, Wash., Dec. 24. (Spe
cial.) W. II. Richards, state exami
ner, w ho recently completed checking
up tire finances of the town of Xap
avlne, has filed a complimentary re
port of conditions as he found them.
The town record.s are well kept and
the finances in satisfactory condition.
However, better security for the
municipal fund Is intimated, the re
port of Mr. Richards statins? that
"membership in the state fruarantee
deposit fund is no security for the
town's funds."
Pomona Grange Elects Officers.
CHFIIAMfl. Wash., Dec. 24 (Spe
cial.) Newly elected officers of
Lewis County Pomona pruiiKe are as
follows: Frank (). Miller, master;
T. K. Relcher, overseer; C. W. Fr.ise,
lecturer; Mrs. C. Null, chaplain; O. C
Wlsner. steward: L (iricl, assistant
steward; Mrs. (iroshonjr. secretary;
V. Foster, fratekceppr. Tho I'omonu
meeting will be held next time at
Silver Creek, the date being Feb
ruary 4.
DAILY METKOKOI.OGICAI. REPORT
PORTLAND. Dec. 24. Maximum tem
perature. 36 degrees; minimum. 30 degrees.
River reart.l.g, 8 A. M., 3 4 feet; change
In laat 21 hours, I 2 feet. fall. Total
rainfall (5 P. M. to 5 P. M ). O. Total
r:ilnfall since September 1. 1921. IS. 2d
Inches; normal rainfall since Sfj-teniber X,
17.63 Inches; excess of rainfall since Sep.
tpmiber 1. 1921, 0.68 Inch. Sunrise. 7:52
A. M.; sunset, 4 .80 P. M.: total sunshine,
2 hours lo minutes; possible sunshine, 8
hours 38 minutes. Moonr!.e. December
25. 5:11 A. M. ; moonaet, December 25,
2:23 P. M. barometer (reduced to sea
level). 5 P. St.. So. 11 Inches. Relative hu
midity. 5 A. 31.. 69 per cent; noon. 67 per
cent; 3 P. M.. 56 per cent.
TUB WEATHER
W ind
STATIONS)
linker
Boiae
poaton
Calgary
Chicago
Denver
les Moines. .
Kureka
C.lveaton ...
Helena
Kansas City.
I.oa Angeles.
Marshflrld .
Med ford ....
Minneapolis.
New Orleans
New York. ...
North Head,
phoenix . . ..
Cocatello
Portland ....
Roaet.urg ...
Sacramento .
St. Louis . . .
Salt Lake...
San Diego...
S. Francisco.
Seattle
Sltkat
Spokane ....
Tacoma
Tatooah lad.
Valdezt ....
Walla Walla
Waahlnglon .
Winnipeg ...
Yakima
22, 32 11.
32! 32 0
94!. . H cloudy
02: . . iS ' lt. cloudy
24' . .INK -8now
28 30 I).
-lOj 22 0
-8 3'i 0.
. .1 nil".
S 1" .1.
2. .V. ii.
6H 70 0
.Ml' . . Cm 'Clear
13, lo N WSn.iw
112;.. IN 'lear
.i5 . .NW 'l..r
.in! R 'Cloud V
js 2.1 N ;v 'cloudy
i8i . . e:V Iciear
in 10 N Clear
.a)'. ,,K Cloudy
92. . . IN Vl"!ear
ls . .W .Cloudy
0! 14 l
lo 16.1
JhI 38 .)
64 0
84 O
-2 O
86 0
s
Clear
181 10 N
So 12 K
3o 12 K
Tt. cloudy
Jtaln
iCIoudy
Cloudy
k'now
Icioudv
(Cloudy
40 0.
411 o
Kt O
8IM1
1st, . . 'K
08 1 2 S
3ol ,1i.l.
. . H
i2!N
32' 8s 0.
481 52 0.
26: 26 0.
241 3a 0.
(Main
iSnov
K'lou
.04 12 M
8) 12
'iidy
3.1!
62 0
34 0
INW
1st:
Cloudy
so!
Huln
Cloudy
cloudy
84 38 n
. . -S8 0
18 26 0
. . I 86 0.
SOi 4.10
. .138 I)
161 22 0
an! 60 i)
18 2 0
N
NW
sw
a'lou.ly
Clear
ICIoudy
l.'luudy
Clear
.Hii24,l
noi. . I
Oil I . . 'sw
on' .Ink
OOl'.'O'SrJ
oni . . s
18' 28 0.
'Cloudy
t A M. toda)
day.
P. M. report of preceding
FORECASTS.
Portland and vicinity Sunday probably
occaaional snow: winds mostly easterly.
Washington Sunday cloudy; fresh east
erly winds on the coast
Oregon Sunday rain or snow; moderate
eaaterly winds on the coast.
Want to meet a
BOND MAN
Interesting proposition
for man with experience
in Bonds, Mortgages and
Finance. Established of
fices in Seattle. Will be
at Multnomah Hotel
Wednesday next, Decem
ber 28.
George Francis Rowe.
TRADE SAFELY
IV TIIK STOCK M AKKKT
10 SHAKES T nat' Hm-7-DAY
liea - Hetl
Ol'TlUNFORUJ Profits
Any Stock I'.Tchsnge lu
$10
$20
CALLS
lnaltlvelT Ko Martina (alia.
Writ for Booklet o. 54 Vrre
C. Goldhurst & Company
Srrvler Hcll.hillty
riO Bread Street, .Ners Vork.
HERRIN&RHODESJac.
Ka'ahllahed 1
STOCKS, BONDS,
COTTON, GRAIN
CorreTondnt- K. V. lU'TTnv CO., N. T
Mrobr !', loading: r.chniiKfS
llnbwon'-i Srvlr on Kile.
The New Way
to Save
The new way to save is
to buy a bond on partial
payments, thereby mak
ing your money earn 6
to Sro instead of 3Co.
BV
7 with safety
You may buy a $100 bond
with a first payment us
low as $10. Kach payment
earns the full rate beuin
nlnar at once. Tour money
Is Kafe because municipal
corporation and povern
mentR are the highest
tvpfl of securities Issued.
I'oat yourself on this plan.
Send for our circular.
Freeman. Smith &
Camp Co.
LuMBERMKNS BLDO-. PORTLAND
v PHONE
B' WAY
6740
&-SpWgt
Text Book
cl WALL STREET
1923 EDITION
CoaahFi
History of New York Stock
Exchange
History of the Consolidated
Stock Exchange of New York
History of the New York Curb
How to Open an Account and
Methods of Trading
The Art of Speculating for
iTofits
Augmenting One's Income
How to Secure Loans on Stocks
Dictionary of Wall Street
Terms and Values of Foreign
Exchanges
Copy trm upon rfiM(
McCall, Riley & Co.
Stork Lath or. Nw Yarfc
20 Broad St., New York
For Investors,
that has proven successful
3 months trial
subscription free
The Row !nvarment Review, puMUh
monthly, describe a method of li.ve.rinfl
that h proven ucceMful by actual um.
Learn how to tnik your money rn
and multiply. Ttke your 6r rtep toward
financial independence today by writing
fur your free copy of L R No. 2A4
ROSE & CO.
INVESTMENT SECURITIES
8Q Broad St, Ww York CItJfl
OVERBECK &
COOKE CO.
Brokers. Mock. Monda. Cotton.
C.rain, Ktu.
H8-217 KOAKO Of TR PK BI.IKl.
Walla Walla. Wash.
I'ortlanil. Or.
l'endletuo. Or.
MEMBKBS CHICAGO BOARD OW
1KADK.
Correspondents of laigan A Bryan,
Chicago and ew York.
MKMIIKKS
Near Vork Klttck Kichnnge.
Chicago Stock r'.tchange.
Itoaton Stock Kxrhange.
Chicago Hoard of 1'rnile.
ew 1 ark Cotton Kxchange
Srvr Orleana Cotton Kxchange.
New 1 irk I'rofluce Kvrliniige.
Winnipeg 4. rain Kxeliange.
lverpool Cotton AaNociatlon.
ORGANIZING
A COMPANY?
Save th unual hirorporat inur ex.
pen, avoM pfrrtonul liHt.ility and
excess profits taxes. Organize on
the common law plan under a
- Jirnt Ion of Trut
Imrrr Slnndnrd Koran (ft p
proved by attorney) furnish com
plete equipment with which any
one In any Slate can organize a
company, Uue shares mid hep In
doii.fc huMneHfc the n.me day. Ak
for rlrruiitr containing full
descriptions.
V. J. IKM 4HKK,
liricnl Illank Prlnfrr,
t!.1 Walnut. Kanaa I lt. Mo.
FOREIGN EXCHANGE
l.o eat Rutea. Watch
Our Indow.
Direct Vlr Service fnun New York.
1 It A. Ml-.VI I. A I IC I .9 I A I l'
t'llKUl r CO.
102 Second X., rar Stark.
Marshall i'C
W Tested
) Plan
X
Carries passengers.
107 Sv