Image provided by: University of Oregon Libraries; Eugene, OR
About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (May 7, 1922)
THE SUNDAY OREGOXIAN, PORTLAND, MAT Y, 1922 20 EXCITEIWENTINWOOL TRADE SUBSIDES Market Continues Strong but Clip Is Nearly Gone. CHOICE LOTS ARE SOLD Top Price Paid in Cregon Is 3 9 Cents Most Kemarkable Sea eon Growers Have Known. Excitement In the wool trade tas aub Ided, so far as the Oregon market is concerned, aa Uie season herd is nearly at an end. all but a very small part of the 1922 clip having passed into second hands. It I likely, tco, that the top prices of the season have been paid to growers, as the. buyers gave t their chief attention to the last clips and practically allof these have been disposed of. Small Iota remain here and there and there are clips of lower gradeg yet to be old. Some sheepmen of this class seem anxious to get connected up with buyers. but they want full prices for their offer ings. So far as can be learned the highest price paid for fine wool in Oregon this season was 39 centa, which was paid for two Shaniko cllpa. It has been the most remarkable season that wool men In Oregon have ever known Per the first time in the history of the wool-growing industry here, what might be termed the entire clip has been aold up In tea days' time. No other state in the west has established such a record The keenest kind of a demand, rapidly advancing prices and willingness or pres sure to sell by growers combined to pro duce the result. Commenting on the sharp competition for the new clip, trade advices from Bos ton say: "Wool men here say that the operations for manufacturers' account are responsible for the boost that has been .given to wool values In the west. According to leading wool men, it Is a topsy-turvy market here and In the west. Tariff complications have created abnormal conditions every where. This market Is bare of all desir able grades of domestio wool, except pos sibly a moderate supply of fleeces. This has stirred both manufacturers and dealers to reach out for a ahare of the new clip. The race is evidently now on In the west. Conflicting stories are heard here in re gard to the attitude of the growers. Some say that the growers are disposed to hold their wools, and that they are being sup ported, in this attitude by their banks. Other statements, equally emphatic, say that many growers are not in favor of making consignments this year, but want to sell outright, and that their banks are urging them to do so and get In some money. 'The unsettled conditions prevailing here are indicated by the fact that specu lation in scoured wools has been revived. Not only have the woolen mills been buy ing South American second clip and low scoureds, but there has also been consider able, speculative trading between dealers. ThW baa resulted la a sharp advance In auch wools during the last fortnight, amounting to 10 to 15 cents a pound. "Latest advices from Washington are taken in the wool trade to indicate that no early settlement of the tariff question ean be expected. That being the case, the emergency tariff must remain in force Indefinitely. The earliest date suggested on Summer street for the probable pass age of th permanent tariff measure is August 1. Others still believe that no tariff legislation Is possible before elec tion, sjid some stoutly maintain that It Is idle to expect anything- this year. If the emergency tariff remains in force, the only source from which can come additional supplies of fine wools must be the new domestio clip. Scattering lots are being taken out of bond, but the goods market is too dull and the price question too un aettled to allow this to be done, except in other than a very few emergency cases." POTATOES ABE CLEANING I P StOWLT Demand From California Points Is Tem porarily Quieter. The potato market was slower at the close of the week, but prices were steady at $1.151.25 to growers. Buying by San Francisco firms was lighter, owing: to the accumulation of stock in the south. Deal ers believe supplies here will clean up. New potatoes were more plentiful and aold generally at 8 cents for Garnets and 10 cents for whites. The eastern market for old potatoes hows improvement. The demand during the week continued active, especially in the Atlantic and mid dle western regions and prices fended gen erally upward with sharp advances in the middle west. Chicago carlot markets gained 40a per 100 pounds and north central ship ping points advanced about the same amount. Maine shipping points quoted Green mountains about 33c higher with active, excited markets. Fotatoe shipments continued heavy. Maine sent forward 1120 cars, which was fully one-third the ens ure movement of old potatoes. There were 80 cars of new potatoes and a total of 3864 compared with 2900 the corresponding week last season. Florida potatoes gained 50c, reaching S67 per barrel In northern markets and 5.50 f. o. b. shipping points. A few Texas Bliss Triumphs were selling at About the same price as Florida stock, but Texas ship ments have been very light thia season, while the Florida movement has exceeded that of last season to same date by fully 1000 cars. Bank Clearings. Banlc clearings of the northwestern cities yesterday were as follows: ten iana 9 4. 'i5, m Seattle 4,021,756 Spokane 1,583,184 $ 612,161 998,924 567.531 2.741.000 uieanngs or roruana, Seattle and Ta coma, for the week and corresponding week in former vars: Portlrtnrl Sft1 T.ncomn. $15.91 4.0O0 3.370.423 3.314.701 4.576.254 4.351,926 2.994.-630 2.397.979 1.974.942 2.327.966 2.773.333 4.563.2SS 3,935,414 1922. . . 1921 . .. 192. . . 1919. . . 1918. . . 1917. . . 1916. . . 3016. . . 1914. .. 1913. .. 3912... 1911.. . .$30.542.9SS $20,4&!.n53 i-.UW.O.trt -tit 718 2S,l'j:t,17 21.547.776 17,073,132 13.217.994 .0,093.011 10,130.388 11.190.04O 11. 610.S11 10,1S8,6S9 a 7i .iiM S5.530.S9l 20.584,031 15.381,697 31.382.112 32,913.920 13.419,635 31.488.495 11,140.878 Transaction. Top Grade Butter in B-pmand. The butter market was steady yester day with a good shipping demand for cubes, but the inquiry was confined to the better grades. A considerable quantity of lower grade butter is hanging on the market. Tav was the usual active trade In Cgs for storing and prices on mixed, col ors and whites were unchanged. Poultry and dressed meats sold at Fri aays prices. 7W Apple Left on Market. A few moderate sized lots of apples re main on the market, but the season 1b INTELLIGENT PRODUCE MARKETING Make your produce worth more money by using latest methods at the time you prepare the shipment of any product. Write Vm at Once e W ill Be I'leawed to Tell Too Hovr RUBY & COMPANY, 169 FRONT ST. rORTjUAAU, OH. do YOU REMEMBER? The funny locomotive with the biff smokestack which used to haul the McMInnville local back and forth from Portland, puffing- and steaming up and down Fourth street? The engine In th-e- picture was used in 1895, long before the present efficient electric trains came into us3 and even before coal was used as fue-1. It was a wood burner, and the tender can be seen in the picture filled with cordwood. Lew Adams sold tickets for the Southern Pacific In those days, and the ticket officft, which was then at the present location. Fourth and Stark streets, consisted of a small wooden cabin-et about two feet square placed on the counter of the general office of the railway. The train made two trips dally unless something1 happened. The grade up by the city hall was the bete noir of ths engineers and trains got stalled there regularly. Many is the time the city council had to adjourn its meetings because nothing could be heard above the racket made by the snorting engines outside. Often one and sometimes two engines had to be called to help the one which started out with the train, and then the three would snort and puff until finally tho cars would be gotten under way. The picture is a typical street scene of 1S95. The Chamber of Commerce building is in the background and is about the only one of the present-day office buildings in that vicinity which was standing' then. The candy outcher beside the train was a familiar figure of the day. nearly over. Local prices are holding steady. In the east the apple markets continued dull and narrow. Northwestern "Wine saps sold at 3.254.25 In Xew Tork while barreled Baldwins moved at $S8.50. WHEAT MARKET INACTIVE AT CLOSE Prices Are Weak and Bids Two Cents Lower at Exchange. The local wheat market was weak and inactive at the close of the week. Export wheat was available at $1.28 but the de mand appeared indifferent. At the Mer chants' Exchange session bids were re duced 2 cents on all grades. The coarse grain market was also quiet with prices little changed from Friday's level. The Chicago wire to the Gray-Rosen-baum Grain company follows: "Weakness of May future having de pressing effect deferred-deliveries, but con siderable export uncovered on break and buying today was of an excellent character. Sentiment very bearish. Market oversold and reaction overdue. Visible supply prob ably show decreases Monday." At Liverpool, July wheat closed Hd lower at lis 8Td and September Id lower at lis 2Hd. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Portland Wht. Brly. Fir. Oats, haj- Saturday 4 3 9 Year aeo .... 84 5 2030 937 Season to date 26.480 Tear ago 16,553 Tacoma Friday 12 Year ago 16 Season to date 9,587 Year ago .... 4,368 Seattle Friday 27 Year ago 13 Season to date 7.808 Year ago .... 4.415 222 247 829 520 1965 2314 97 51 122 904 166 178 1966 441 403 429 3 662 1349 Advance in Millrun. The strength of the mill feed market continues notwithstanding the advance of the season. Millrun prices were advanced another dollar yesterday to $34 a ton, list. The rise is due to the acute shortage of supplies in this section. Bankers' Acceptances. Quotations on bankers acceptances fol low Dan I0W- 30 60 90 Prime eligible members, pet. . . 4 4 4 Prime noumembers, pot 4H ii 4 M PORTLAND M A R K E T QUOTATIONS Grain, Hour, Feed, Etc. Bid May. June. .$ 1.26 S 1.26 . 1.22 1.22 , 1.22 1.22 . 1.23 1.23 , 35.50 S5.50 . 34.50 34.50 , 2S.50 28.00 Wheat Hard white .". Soft white White club Northern spring oats No. 2 white feed No. 2 gray Corn No. 2 E. Y. shipment. . . FLOUR Family patents. $8.60 per bbl.; whole wheat, $7.80; graham, $7.40; bakers' hard wheat, $8.10; bakers' bluestem pat ents, $8; valley soft wheat, $6.50; straights, $6.35. MILLFKED Price f. o. b. mill: Mill- run, ton lots, $32; mixed cars, $31; straight cars, $30 per ton; middlings, $45; rolled barley, $3739; rolled, oats, -; Ss.i-.lch feed. $47tp51 per ton. CORN White. $36; cracked, $38. HAY Buying price f. o. b. Portland: Alfalfa. $20 per ton; cheat. $16; oats and vetch. $17; clover, $17; valley timothy, $20; eastern Oregon timothy. $21 22. Dairy and Country Produce. BUTTER Cubes, extras, Clc per lb. , parchment wrapped, box lots, 35c; cartons, 36c. Butterfat, buying pice; No. 1 grade, 33&34c delivered Portland. jGGS Buying prices, 11)0 20 doz.; case rount: henneries. 23924c dozen; jobbing prices, case count, 21c; candled ranch, 22c; selects, 25c. C'HEEbK Tlilamook triplets, price 10 jobbers, f. o. b. Tillamook, 23c; Young Americas, 24c pound. POULTRY Hens. 2223c; ducks, nom inal; geese, nominal; turkeys, live, nom inal; dressed, 40c ViAI Fancy, 14c per pouna. PORK. Fancy. 15 Vic per pound. Fruits and Vegetables, Local jobbing quotations: FRUITS Navel oranges, $78.50 box; Umonj. S6.5uiii8: grapefruit, $4 9 box; bananas, WfiJlOc pound; apples $23.50 per box; strawberries, $34. 25 per crate. pounds; new California. of luc pouna ; sweet potatoes, eastern. t-fil-oO crate. ONloNS Oregon yellow, 10c pound; yellow Bermuda. 2.:!33 per crate; crys tal wax. $3.75 per crate. VEGETABLES Cabbage, 3 46c per pound; lettuce, $2.50&3.5O crate; carrots, $;3J4 sack; garlic, 10V 15c per pound; green peppers. 40$j45c per pound; celery, f o d$ T.CrO rrae; cauliflower, $1.73$2.50 crate ; parsnips, $3 3.50 per sack: toma toes, $3. 50 & 4. J5 per lug; artichokes, $1.25 doz.; cucumbers. $1.2592.75 box; rhubarb, 4 5c per pound; spinach, 8 0 10c pound; nsparagus, 10 15c per pound. $22.50 per dozen; green puis, 1012Hc per pound. Staple Groceries. Local Jobbing quotations: SUGAR (sack basis) Cane, granulated, 6.3UC pound; beet. 6.10c per pound. NUTS Walnuts, 1535c per pound; Bra ri. nuts, : : ! : . almonds, 21Vk26c; peanuts, 10 11c per pound. RICE Blue Rose, 6-45 6.75c per pound; Japan style. 6.1U6.25c per pound. COFFEE Roasted, bulk, in drums, 20O 86Hc per pound. SALT Granulated, bales, $3.254 05; halt ground, ton. 50s, $17; 100s, $16. HONEY Comb, new crop, $4.50 5 per case. LRIED FRUITS Dates. 14c per pound; f iga. $ I- 0 2. 73 per box ; apples, 13c per pound; peaches, 16c: apricots, 23c; prunes, tf14c. BEANS Small white, 6H7Hc; large, white, 3 jc ; pink. 6c ; bayo, t ; reo. c; lima, 11c pound. Hides. Hops, Etc HIDES Salt hides. So; salt bulls, 4c ; green bulls, lc less; grubby hides and bulls, lc less; salt calf, 10c; salt kip, 7c; alt hor. hides, $1 2 each; dry horse hides, 50c$l each; dry hides. 10c; dry cull hides, half price. PELTS lry peltfe 17c; dry short wool pelts, half price; salt pelts, full wool. April take-off, $1.251.75 each; dry goat skins, 12c (long hair). TALLOW No. 1, 4c; No. 2, Sc per pound; tank tallow. 2c per pound. CASCARA BARK New peel, 5c pound; old peel, Gc pound. OREGON GRAPE Grape root, 5c per pound. HOPS 1921 crop, 1820c pound; con tracts, 15 18c. WOOL Eastern Oregon, 2630o per pound; valley wool, fine, 2530c; me dium, 2528c; quarter blood, 2225c; low quarter blood, 2022c; braid, 1820c; matted, 1518c. MOHAIR Long staple. 32c delivered Portland; carding, 28c ; burry, 20c pound, GRAIN BAGS Car lots, 6c coast. Oils. LINSEED OIL Raw. In barrels. $1.05; 5-gallon cans, $1.20; boiled. In barrels, $1.07; 5-gallon cans, $1.22. TURPENTINE In drums, $1.15; 5-gallon cans, $1.30. WHITE LEAD 100-pound kegs, 12c per pound. GASOLINE Tank wagons and Iron bar rels, 26c; cases, 38c. Provisions. Local Jobbing quotations: HAMS All sizes, 33 36c; skinned, 319 88c; picnic, 16c; cottage coll, 24c. BACON Fancy, 3844c; choice, 20 33c; standards, 23 25c. . LARD Pure, tierces, 15c pound; com pressed tierces, 15c. DRY SALT Backs. I821c; plates, 15c. Lumber. ffhe following are direct quotations on Douglas fir and represent approximately pievaillng f. o. b. mill prices in carlots and are based on orders that have been nego tiated: Yre- Flooring 1x4 No. 2 VG 1x4 No. 3 VG 1x4 No. 2 & B, SG. . 1x0 No. 2 & B, SG . High. .$51.00 . 39.00 . 34.00 . 37.00 IX)W. $45.00 36.00 119.00 31.00 Price. $49.00 38.00 31. Oh 34.00 Stepping No. 2 & B 60.OO Finish No. 2 and better 1x8 10-inch w 56.00 60.00 51.00 5S.00 uasing ana oase Ceiling Hx4 No. 2 & B. 1 x4 No. 2 & B . . 1x4 No. 3 Drop siding 1x6 No.S: Ac B . 1x6 No. 3 60.00 33.00 33.00 20.00 30.00 30.00 31.00 r.6.00 29.00 26. 50 33.00 26.50 . . 31.00 Boards and SL No. 1 lxS-10-inch. SIS 14.50 Ixl2-Inch 13.60 Dimension No. 1 -2x4 12-14 S & E 14.50 1 1.50 12.60 12.50 13.00 11.50 12.50 16.60 Planks and small umoers 4x4 12-16 S4S 17.50 15.50 3x10 12-38 S4S 19.00 18.00 Timbers 32 ft. and under 6x6-8x10 S4S 21.50 18.00 Lath Fir . 5.50 4.30 LIVESTOCK STEADY AT CLOSE Nearly All of Day's Arrivals Go Direct to Packers. The week's trading at the stockyards practically came to a close Friday. Seven loads arrived yesterday, but little stock was available for the market, as four ioada of hogs and one of sheep among the arrivals went direct to packers. The only sales made in the half day "the yards were open were a few head of spring Iambs at $13 and $14.50. The day's rail receipts were 662 hogs and 94 sheep. The tone of the market was steady at the close. Prices quoted at the Portland Union stocKyards were as follows: Cattle ' - Price. Choice steers $ 8.00 8.50 Good to medium steers 7.30 8.0U Fair to medium steera 0.5(Ko 7.30 Common to fair steers 6.0iKa 6.5U Choice feeders - - 5.00 .nu Fair to good feeders 4.M)'u o.VO Choice cows and heifers .... 0.5 7.00 iiedium to good cows. heifers 5.50 6.50 Fair to naeuium cows, heifers 4.75 iy 5.50 Common cows 3.75 4.75 Canners 2.25 S.io Bu'Ab o.M 5.00 Choice dairy cows 8.0O 9.00 Prime light calves 7.00 8.00 Medium light calves 6.3U T.0O Heavy calves 4.50(a- 6.50 Hoes Prime light . Smooth heavy Smooth heavy U.0011.B0 00 to 300 lbs. 10.00 ILO0 300 lbs. up .. .0010.00 7.0011.50 Rough heavy Fat pigs Feeder pigs Stags, subject to dockage... Sheep Best spring lambs Medium spring lambs Common spring lambs East of mountain lambs . . - Best valley lambs Fair to good Cull lambs Eastern Oregon feeders . . . Light yearlings Heavy yearlings Light wethers Heavy wethers Ewes 11.00 11.25 l-l.OO 11.25 5.00 7-50 14.0014.50 10.OO13.00 6.0O10.00 13.0fr14.00 111.00 13.00 10.00 11.00 6.00 8.00 y.uu 10.00 9.OOj.'10.5O tf.O010.50 9.00 10.00 y.ou 9.50 3.O0 7.00 Chicago Livestock Market. CHICAGO, May 6. tU. S. Bureau of Markets.) Cattle, 500. Compared with week ago, teet steers and fat she stock, largely steady; in between grades, yearl ings in both classes. 15 25c lower; week's top yearlings, $9.25; top heavy steers, $.13; canners and cutters, steady; buUe, 2535c higher; calves, 5075c up; stockers and feeders, steady to weak; week's bulk prices on beef Bteers, $7.758.60; stockers and feeders, $7.2o7.90; butcher she stock. $5 737 23; canners and cutters. $3.75 4 63; bologna bulls, $4.905.25; beef bulls. $5.50 6.50; vealers, $7.75 8.75. Hogs, 5000, active, mostly 5 10c higher than yesterday's average; top, $10.75; bulk. $10.15 10.70; shippers brought about $15; holdover light pigs and packing sows about stead y. Sheep, 4000, today's receipts practically all direct. Compared week ago, lambs and yeaflings, steady to 23c lower; handy eheep mostly 50c lower; strong weight and heavy ewes, $11.50 lower; some $2 off- week's bulk prices shorn basis fat lanibs, $14.00 14.75;- yearlings, $11-30 12.50; wethers. $9.50010.00; ewes. '-?0 9.00; native spring lambs, $15.00 I6.-0, Kansas City Livestock Market. KANSAS CITY, Mo.. May 6. (U. S. Bureau of Markets.) Cattle. 325. For week, beef steers weak to 25c lower; top. fS 75: fat 51 e stock, mostly strong to 25c higher: bulls, mostly 50c higher; calves, weak to 50c lower; all other classes generally strong- to 25c higher. Hogs receipts 1000. Active to packers, fully 10c higher than yesterday; bulk good and choice, ISO to 230 pounders; $10.3510.50; medium, 175 to 210 pound weights, $10.10 10.25; top. $10.55; bulk, $10.1010.50; sows, $.009.25: medium to good stock pigs. $10.0010.15. Sheep, none today. For week, generally 50c higher; shorn lambs, 4065c higher; wooled lambs, 15 25c higher; wooled Coloradoa, $15.75; Arizona springers, $16; few natives, $16.75. Omaha Livestock Market. OMAHA, May 6. (U. S. Bureau of Mar kets.) Hogs, 8000. Market uneven, mostly steady: bulk, 200 to 250-pound hogs, $10.10 (&10.35; 250 pounds up, $10.0010.25; top, $10.35. Cattle, 10O. Compared with week ago, yearlings and lightweight beef steers, weak to 15c lower: others 20 to 33c lower; she stock strong- to 25c higher; bulls fully 23c higher; Teals 2575c higher; stockers and feeders fully steady. Sheep, 1500. Compared with week ago, spring Iambs, 5075c lower; clipped lambs, 2550c higher; sheep steady; feeders, 25c lower. San Francisco Livestock Market. BAN FRANCISCO, May 6. Steers. No. 1, $7 258.25: No. 2, $6.256.75; cows and heifers. No. 1, $5.506.50; No. 2. $4.30 5.25; bulls and stags, $45; light calves, $910. heavy $7S. Sheep Wethers, $7.50 9; ewes, $j.u0 7; lanibs. $11 12.50. Hogs Weights 125 to 200 pounds, $U.o0; 200 to 250 pounds, $10.50; 250 to 300 pounds, $9.50. Seattle Livestock Market. SEATTLE, May 6. Cattle and hogs steady, no receipts, prices unchanged. Cottonseed Oil Futures. Cottonseed oil futures at New York, fur nished by Herrin & Rhodes, Inc., of Port- IflMay, $11.7511.90; June, $11.65 1 1.80; July, $11.7411.75; August. $U.6711.80; September, ?11.6311.64; October, $10.87 10.90; November, $9.909.99; December, $9.759.85. Spot. $31.75 bid. Total sales, 2600 barrels. Sugar Market. NEW YORK, May 5. Raw sugar, cen trifugal, Cuba';. 3.98c; Philippine islands. 3 86c; refined, fine granulated, D.25 3.40c. Sugar futures closed steady; approxi mate sales, 5750 tons; May, 2.63c; July, 2.81c; September, 2.86c; December, 2 S2c. SAN FRANCISCO, May 6. California Hawaiian raw sugar, 3.87c. Naval Stores. SAVANNAH, May 6. Turpentine firm, S3c; sales. 78; receipts, 227; shipments, 219; stock. 3430. Rosin, firm; sales. 685: receipts, 497; shipments, 314: stock. 52,010. Quote: B, $4; D, $4.05; E, $4.10; F, U. H, I, $4.20; K, $4.25; M, $4.50; N, $5; WG, $5,50; WW, $5.80. Coffee Futures Irregular. NEW YORK, May 6. The market for coffee futures closed net 5 points highef to 10 points lower. Sales were estimated at 27.000 bags. May, 10.55c; July, 10.37c; September, 9.95c; October, 9.88c; Decem ber, 9.76c: January, 9.75c; March, 9.75c. Spot coffee quiet; Rio 7s, ll'c; Santos is, 14 14c Cotton Market. NEW YORK, May 6. Cotton futures opened steady; May, 19.35c; July. 18.67c; October, 18.80c; December, 18.85c; Jan uary, 18.76c. Cotton futures closed steady. May, 19.30c; July, 18.69c; October. 18.83c; December, 18.84c ; January. IS. 70c. Spot, quiet : middling. 19.55c. PAVING JOBJS AWARDED Newberg Council Ends Controversy Over Street Improvement. NEWBERG, Or., May 6. (Special.) Awarding- of bids in the Jocal street paving- controversy took an unex pected turn last night when a pe tition, representing fully 70 per cent of the property affected, was pre sented to the city council, in special session, asking that it give the work to the Oregon Contract company, which had the lowest bid represent ing concrete type of pavement. Representatives of the Warren Con struction company were out. In large force and it was supposed would make a hard fight to get the council either to accept their bid or else re-ad-vertise, rejecting all present bids. However, when the petition was pre sented. Councilman Ormond moved that the Oregon Contract company's bid be accepted and the rollcall showed the council to be unanimously in favor ofthe motion. Senator Carlyon to Bnild Home. OLiYMPIA, Wash.. May 6. (Spe cial.) Senator Carlyon yesterday took out a building permit for a $480O-residence. to be erected at the corner of Fourteenth and Columbia streets, immediately back of the new state capitol group. J. A Pettifer will erect the dwelling, which is to be completed by September 1. BUSINESS IS GOOD BECAUSE AVE TAKE A PERSONAL INTEREST IN EACH INDIVIDUAL SHIPMENT OF BUTTER, EGGS AND CHEESE POULTRY AND DRESSED MEATS A Satisfied Shipper Is One Step Further Along the Road to Success Our Policy Is to Make Every Shipper Satisfied Checks Daily. BLUE VALLEY PRODUCE CO. Fourth and Glisan Sts. Portland, ,Oregon TRADING IN STOCKS CENTERS ON STEELS United States Reaches 99. All Issues Are Strong. RAILS SHOW STEADINESS Oils Sluggish; Some Selling Pre cipitated by Sudden Break in Mexican Petroleum. BY MONITOR. (Copyright, 1922, by the Public Ledger company. Published by arrangement.) NEW TORK, May 6. (Special.) Stocks were fairly active today, although interest was concentrated chiefly on the steels, which showed strength throughout the entire group. United States Steel on brisk trading moved up to 99, but Its performance was overshadowed by advances among the in dependents, particularly such steel spe cialties as Vanadium, Replogle and Cruci ble. Lackawanna, Gulf States and Mid vale also were firm, and it looked as If the last-named stock had passed throug-h the bulk of the selling caused by its unfavor able showing for the first quarter. The rails were steady, but displayed no particular activity and strength with the exception of Pittsburg and West Virginia, which ran up sharply. The oils were sluggish and some selling was precipitated in this group by a sudden break in Mexican Petroleum, which, how ever, recovered fairly well before the close. The outstanding feature among the spe cialties was J. Kayser, which reached a new high level on active trading. One of the weak features was Barnes dall A, which broke several points be tween sales. There appeared to be noth ing to account for the decline aside from the weakened technical position. The market showed a much steadier tone between 11 and 12 o'clock and many of the leaders added to their gains dur ing that period. Steel common was the leader in this rally, and advanced to 99, closing at the high for a net gain of 1 points. Baldwin. -which sold back to 118, also played a prominent part in the re covery, while pressure ajrainst Mexican KPetroleum eased off and the oil leader sold up neariy J points from its early low. S. S. Kresge & Co. showed about the same improvement for April as did the Woolworth company. Sa'.es for the month amounted to $5,208,330, as compared with S4,391,&3 for April, 1921, this being an Increase of 18.59 per cent for the period. Operations for the first four months showed total sales of $17,030,173. as against $15,701,422, an increase of 8.59 per cent for the period. Chicago & Northwestern report for 1921 show-s a net loss of $l,245,4y'5. this com paring with net earnings of $12,459,234, or $7.50 per share on the common stock Iti 1920. Sinclair up today, closed at the high, and apparently pool operations are again picking up. This issue became rather quiet when the teapot dome controversy got under way. However, now that this fuss is dying out, professional activity is again becoming prominent In the stock. Much of the day's buying was based on the new 30,000-barrel well in the San MIgTiel district in Mexico. The independent steels, particularly Re public, Lackawanna and Midvaie. recov ered a bit today. These three issues have established trading- areas substantially below the high level made necently, when renewal of the merger talk was first taken seriously. Profit-taking in the group was responsible for losses of several points from the tops, but apparently this selling has run its course, and new buying is making- for a more orderly advance. Mid vale gained 304. Lackawanna was up 1 point and Republic advanced 1 psrlnrs. Other Independent steels were also firmer today, and substantial gains were made b y Refplo g 1 e Vanad i um and SI oss S h ef -field. Coppers continued firm and Utah. Ana conda, Smelters, Chino and Chile all closed with fractional advances. It is re ported from Boston that July delivery cop per has been sold as high as 13H cents. ft ft Although one company has announced a new cord tire selling about 23 per cent less than other cord tires, this Is not. con sidered to be advanco warning of a gen eral tire-cutting movement. It Is pointed out that the new cord tire Is adapted to smaller cars and in reality Is working in virgin territory. ft Chicago, St. Paul, Minneapolis & Omaha showed a net loss of $283,677 after charges and taxes in 1921. This compares with a net income of $2,587,670. or $S.67 per share on the preferred and common stocks com bined in the previous year. The present status of the market Is de cidedly uncertain, but trading in the last hour showed a much better undertone, w'.iich served to nullify the general im pression that stocks In general had reached the distribution point. Willys-Overland production again Is im proving, and the combined output of Over land and Willys Knight cars is now more than 400 a day. The company is experi encing some difficulty in obtaining suffi cient raw material, especially steel and steel parts, but despite this It Is believed that production Bhould continue to how an Improvement for some time. Trading in Willys has not been very active of late and the issue Is maintaining its trading area in the neighborhood of R. selling off to at the close here today. Atlantic Oulf oponed with a fractional overnight gain and sold up to 38 with good support all the way. At the close this Issue was back to 37H. t whirh level it showed a gain of 1 point for the day. The 1921 report of thU company Flinwfd an increase of $1,633,106 over the previous year. However. It was necessary to charge off heavy losses which had been Incurred in 1920. and therefore an actual deficit of $2,101, 7S was shown. The company seems to' be-in very good position regarding Its Mexican oil acreage, while the demand for tank steamers is also improving. DAILY CITY STATISTICS Marriage Isicen-.es. RIEPEL-GRAT A. J. Riep!, 24, 62S East Tenth street North, and Dorothy Grav 20, 6Sfl Ea-t Broadway. KIEF-BALES Max Kief, 2T. Seattle, Wash and Eva Bales, 22, Portland. BALL-GOOD John H. Bftll. legal. Ta coma, Wash., and Mary F. Good, legal, S4fi Ownwood street. COE-VALLIERE Joel H. Coe. 30. J 23 Sixth street, and Myrtis Vallere, 20. Gar land hotel. PROCTO R - K AL KOPEN George W. Proctor. legal. B24 Clatsop street. nd Alice M. Kalkofen, legal, 624 Clatsop St KAXXEY-HAIGHT William S. Kanney. 33 323 North Twenty-second street, and Labene Haight, 30, 293 North Twenty-third street. WH ITE-HIT NTTNGTON Boy R. White. 26. 610S Ninetieth street Southeast, and Lola M Huntington. 20. ST33 Foster road. HELZER-KAM MERZELL Herman Hel zer. 27, 2R3 CooTT" avenue, and Ruth Kasi merzell. 22. 710V. Union avenue. North. BARKER-MODLIN WHHs H. Barker, 21. 931 Front street, and Estello Modlin, io! ffi1 Front etreet. PMITH-PCUDDER Harry G. Smlt-h.je- gal, 733 Belmont street, and Lillian Scud OSWALD-WRAT Earl C. Oswald. 23. 3704 sixty-seventh street, southeast, and Florence Wray, 23, 331 Fourteenth street. Vancouver Marriaice Licenses. MIDDLETON-WELLS John W. Middle ton. 33, of Portland, and Mrs. Anna M. Wells. 22. of Portland. MESPLIB-BROWN Julius F. Mesplie. 41, of The Dalles, Or., and 'Margurette Brown, 26. of The Dalles, Or. LEEPER-GALLAGHER Rupert H. Leeper. 21, of Portland, and Mrs. Lois Gallagher. 22. of Portland. FOLGER-BLAINE Elvln R- Folger. SR. of Portland, and Mrs. Grace E. Blaine, 22. of Portland. WALTER -PRINK Frank R. Walter, 21. of Vancouver barracks. Wash., and Alletta M. Prink. 17. of Portland. FIND LEY-SMITH Frank C. Ftndley. 21, of Portland, and Veda Smith. 17, of Port land. Births. HORENSTEIN To Mr. and Mrs. A. Horensteln. 429 Fifth street, April 23, ft son. . , McCLAMROCK To Mr. and Mrs. A. M. McClamrock, 493 Sherrett avenue. April 28, NELSON To Mr. and Mrs. S. W. Nel son, 6409 Eighty-eighth street. April SO. PETROVICH To Mr. and Mrs. George Petrovlch, Reedville. Or.. April 27. a son. HALL To Mr. and Mrs. J. S. Hall. 690 Second street, April 28. a daughter OTZEN To Mr. and Mrs. C. Otzen, 1308 Boston avenue. Mav 2. a eon. NEAL To Mr and Mrs. Charles NeftL S48 Front street, April 24, a son. BRADT To Mr. and Mrs. William Bradt, Forest Grove, Or., April 21, ft daughter. EGNEW To Mr. and Mrs. H. R. Egnew, 9 East Seventh street. April 23. a son. HESLEN' To Mr. and Mrs. J. Heslen. 643 Clinton street, April 27, a son. KEYS To Mr and Mre. E. W. Key. 1044 East Thirtieth street North. April 25. a daughter. SHI NY AM A To Mr. and Mrs. K. Shln yama, 29 North Third street, April 27, a son. HATSUKAMI To Mr. and Mrs. S. Hat sukami, 52f$ Third street, April 26, a son. FUKUMOTO To Mr. and Mrs. T. Fu kumoto, 294 Williams avenue, April 23, a daughter. STRAUS To Mr. nd Mrs. Carl Straus. 26 Hoigate moorage, April 25, a daughter. MAEHARA To Mr. and Mrs. Y. Mae hara, 1474 Second street, April 29, ft eon. It II Case Vp on Appeal. CHICAGO. May . Efforts to have the decision of Federal Judge Page in the Pennsylvania railroad case against the United States railroad la bor board set aside were started to day in the circuit court of appeals. DAILY METEOROLOGICAL REPORT. PORTLAND. May 6. Highest tempera ture, 62 deffree: lowest, 44. River read ing, 8 A. M., 9.8 feet: change In last 24 hours. 0.7 foot rise. Total rainfall (5 P. M. to 5 P. M-). none; total rainfall since Sep tember 1. 1921, 35.29 inches; normal rain fall, 40.37 inches; deficiency. 5.08 inches. Sunrise, 4-.CO A. M. : sunset, 7:25 P. M. ; total sunshine, 7 hours 35 minutes; possible sunshine, 14 hours 35 minutes. Moonrlse, 2:13-P. M. ; moonset, 2:21 A. M. Barometer (reduced eea level) 5 P. M., 29.84 inches. Relative humidity: 5 A. M-, 86 per cent: noon, 50 per cent; 5 P. M., 44 per cent. TH3 WBATHER. K Q Wind. i f f I 3 a STATIONS. 2 Baker Boise Boston Calgary Chicago Denver Des Molnea. . Eureka Galveston . . Helena Juneau Kansas City.. Los Angeles. Marshfleld .. Medford Minneapolis. . New Orleans. New York . . North Head. Phoenix Pocatello . . . Portland Roseburg . . . Sacramento . St. Lours . . . Salt Lake . . San Diego . . S. Francisco . Seattle Sitka Spokane .... 6010 76 0 6210 560 001.. I W jOloudy 001. .!S iPt. cloudy 001. .1SE ICloudy .o0;10!k ;pt. cloudy 7010 01 20 SW Clear 760 74 0 520 ,S2 0 OOlO t40'0 780 G4I0 54!0 72 0 .00124LSE Clear 00!14!NWlClear 00 12lN IPt. cloudy OO'lOISB Pt. cloudy 00.. IN Cloudy .00 . .1 i 0012 NWlClear 00 . . S ICloudy 00 . , NWiCloudy ,00;i8 NW Clear 66 0. 88 0. 6610. 5210. 14120 NWlPt. cloudj 00'. S IClear 0014S Clear 00l0iSW ICloudy 0 on NWjPt. cloudy XW Pt. cloudy NWiCloudy NW Pt. cloudy 74 till SO 78 oolio 00 . . 00 . . 00118 48 54 Clear C2 80 20I1OI8W ICloar 78 0 00:14iN-WIOlear 6210. 00..IS ICloudy 48 80(0 :,i o 00 30 W Clear 4 'as 0O;12SW 00. oo . .(aw ooi. . w ooi6:sw Cloudy Cloudy t44 0 64 0 Tacoma Tatoosh 56 O Cloudy Isl.. ... 401 4S0. Cloudy Valdez Walla Walki Washington. . Winnipeg . . . 00 6810 74 O 640 6S0 oo . w 33 . 9 00 . . N 00 ICloudy IClear Pt. cloudy Cloudy i akima A. M. today; iP. M. report of preceding das'. FORECASTS. Portland and vicinity Showers; south erly winds. Oregon Fair except showers northwest portion; moderate winds becoming: south erly. Washington Fair in east, showers west portion; moderate southerly winds. When You Go to California Take This Zestful Sea Trip The luxurious steamships Yale and Harvard provide a delightful break in the rail journey. Plenty of room to move about. Dancing, radio phone programs, games and other pleasures'. Wonderful meals and sleeping accommodations. Between San Francisco and Los Angeles Ask your local railroad agent to route your ticket to include this incomparable overnight trip. Through tickets same as by rail. Meals and berth extra. LOS ANGELES STEAMSHIP CO. SAN FRANCISCO R. R. V. Crowder, Q.P.A 685 Market St. oton Pnrtlnnri t . Rmlnn ' Charleston, and San Diego, l.os Angeles, San Francisco, rortiand, Seattle, V ancouver, is. . MJBTH ATUAT1U S WEST Portland. Me. Boston ISS. Artigas LA Steamer iSS. Lehigh May 1Z Mar 15 May 20 T. . . . Mar 15 May 47 June 1 June 6 KAST BOCNU FROM PORTLAND May 18 I 'US. neerfleld . . . SS. Dochra BS. Cold Harbor . . SS. Blue Triangle . . .June 3 . . June 14 lR.fr1..nunr "tOl Third St. THE ADMIRAL LINE. Freight and Passenger Service PORTLAND TO EUROPE via Panama S. S. "CARDIGANSHIRE," Late May-Early June S. S. "CARMARTHENSHIRE," Late July ROYAL MAIL STEAM PACKET CO. OREGON -PACIFIC COMPANY AGENTS Wilcox Bldg. Bdwy. LIGHTER CROP INDICATED ACREAGE ABANDONMENT RE POUTED LARGE. I- Wheat Condition Well Below l ive and Ten-Year Averages For eign Advices Less Favorable. The weekly review of the wheat market at Chicago, by Peter S.' Goodman of Cle ment, Curtis A Co., wired to Herrin A Rhodes, Inc. of Portland, follow: The private crop reports were as ex pected, showing a large abandonment of acreage In the western area and a condi tion well below the five and ten-year av erages. The Indication of these prlvats reports averages 575,000,000 bushels, or 100,000.000 bushel leas than the average a year ago and 15.00O.O00 bushel less than the amount harvested last season. The government repert. due on Tuesday, will as usual reflect whatever improvement has occurred since May 1, which appears to the field agents In the various states. Until the present week the weather has not been favorable. The warmer tempera tures and the lessened rainfall have helped the growing grain, but there has been lit tle favorable response In the region of winter wheat damage. It is natural to expect a government report around the average of the private estimates. The world's requirements the coming season will be up to last season. Russia will not have as large an acreage, but should raise a large quantity, but hardly sufficient for home needs. France and Germany will raise less. The prospect, therefore. Is for a continued pressure upon supplies. Our market will not reflect this in the advances of new wheat for some time, as the disposition to sell at harvest time usually depresses the market by over loading tho trade and the speculators. The price will be regulated from now on by the crop prospects any important Im provement meaning a lower price and any important deterioration a higher price. The option market closed weak and at the lowest prices of the week, as a result of more favorable weathsr reports. One Kansas point reported that wheat will be heading there by the 15th of this month. Foreign crop report, were less favorable, but had no Influence. Reports that heavy purchases of wheat had been made at Kansas) City for shipment to Chicago also had a depressing effect. The long distance forecast suggests par chases of July wheat on weak spots. The prestige of Oregronian Want Ads has been attained not merely by The Oregonian's large circulation, but by the fact that ail its readers are interested in Oregonian Want-Ads. Nausea Due to Travel MOTHERSILLS SEASICK REMEDY The Only Guaranteed Relief in the World for These Ailments Small cbdsuIi -keep good In definitely. Put p&ctfsae in your travenn, tckage in your traveling bag NOW mo you will have thrm when needed Contains no cocaine, mornhine. ni'jm chloral- coal tar products, or their derivatives. Officially adopted by Steamship Companies on both fresh and salt water endorsed by hia-hest authorities and used by the world's most noted travelers Lord NorthcliaTe, Cy Wsrmsn, and thousands of others. Sold by leading- druggists in every civilized country. Prico tn U. S. A. and Canada. 70c a dox, enoutrn tor nocra. l.ou a box for ocean voyage. Satisfaction guaranteed or A copy of Mothersill'a Tra Book sect on request without chanre. M0THERSIU REMEDY COMPANY. Detroit. Mich. Also at 19 St. Bride Street. London; Montreal, New York. Paris, Milan, Hamburg. HONOLULU FROM SEATTLE. s s. I.iirline (13.000 tons). Mav i:.. June 17. July 22. Cabin Rates (00 and Slim. MATSON NAVIGATION CO. Seattle. (And U Authorised Ticket Offices iriT.in.i-ti LOS ANQELES F. Cullen. D. P. A., S17 S. Spring St. Nw lurk. Pliiluflelnh la. Baltimore. 1. SMIU1.1 B.O. IU. BOl'.ND New Tork Phlla. Baltimore Charleston' May 23 . .June 7 1 . . June 2R 1 N8. Artlffae SS. Lehigh Snace) . July 1.5 Pacific Coast Agents. Broadway 64111 j 1 4529 Portland, Or. R. F. Cullen, D. P. A S HklS rSI S17 S. Spring St. is3 ffl Mohfitird Put Victoria on your Itlner. ary this time. New Anacortes Vl'otorla motor ferry throuKh Gait island offers quick. In expensive connection w 1 1 n views beyond compare. Vic toria, on The Island of Thousand Miles of Wonder land, will be a dellahtftil revelation. Different. Ite-freshlng-. Golf. Motoring Boating. Flshlns;. Wonderful scenery. Write Victoria at Island Publicity Buresu, Vic toria. B. C, NOW for details. ictoria;b.c. SAN FRANCISCO TO THE ORIENT onUS.QovwunentSlups The Sunshine Belt Sailing? from Sn Francisco To Honolulu, Yattohm, Kobe. Shanghit Manila, and Hong- Kong;. rraaidant isincoin Mar Praaidant Taylor Juna S President Clavcland . . . Juna 24 and ever- 21 dara thereafter Ian Franclaco MANILA Hong Kong aervice via Honoluhi President Harrtaon. . . . Juna t President Hayea July 9 (Will call at Pearl Harbor and Ilotlo Iflnducementa offer and rsriY fir u-teke thmaftar I r fltifri nf f BeJfI(. ddrt t PACIFIC MAI L S.S.C0L SOS California St. .San Franclaco, Cat. 502 So. Spring St.. Loa Angelas, Cat. 10 Hanover Square, New York Lit-- Afanmfiind Operators for U. S. Shipping Board New'Ybrk to South America onllS.QovemmentShips Fastest Tune to Riodr Janeiro. Montevideo and Buenos Aires. Finest ships- American service American food Amerirao comforts, bail in from Pier S. Hoboken. Western World Mav 17 Southern fro. SI American I.eslon Jane HI Pun America 4oe 'II Fortnightly Thereafter. For detcripiir bookUt, nddmi Munson Steamship Lines 67 Wall St., New York City Managing Operatm-s far LU. S. SHIPPING BOARDS STKAMSH1P "Admiral Farragut" Balls from Municipal Itock No. 1 Hat. Mar 13. 4 V. M. For SAN ratvi iw I os IM.I I I - HAN DIF.GO I'romna'ls So'eea I " k neck San Francisco 2.n SIM.lMl Anaeles 4 K 43.SA Kan Dlrso .VI. OO 4S.OO .Meals an. I llcrtli Are Included. Ticket Office 101 Third M.. ' or. Hnrk Phone Hroadwny MSI CLARK'S CRUISES br C. P. R. STEA iERS Clark's 3rd Cruise. Jsnusrr 23. 1923 ROUND THE WORLD Sapsrb SS "EMPRPSS ol FRANCE" 1841 Gross Teas, Specially Chsrtsrsd 4 MONTHS CRUISE. S10O0 sad up leeladlas Hotel., Fee. Dneas. Guidsf, sts. Clerk's ISth Cruise. February 3 ?. MEDITERRANEAN anptneai SS "F.MPRESS ol SCOTLAND" 25000 frr.. Toe., Specially Chartered 65 DAYS CRUISE. 600 end up Deluding Hotels, Fee., Drt.ea, Guides, eta. 19 days EsP'.Pslsstins. Spain. Italy, Qrssos.sts. Europe .lop-over. allowd on both erui.es. erep sea' FaiSo Play PerMes. fe a Frank C. Clsrk, Times Build. nt. New York. Astoria and Way Points Sir. GEORGIANA 5'2 Hours to Astoria Sp.-e.ly lean s., i, ( osufurlakle Lis. Dallj lexeent Friday i. 4. M. NIGHT SERVICE Lts. Iiuliv (except t.L 7 .: P. H. fare 1.H. one aagta :i.(M roaaitftrli. Connection mndc for nil Korlh mm South beaches mt alorla. Alder t. Dock. Uruudmj 03 Tho Harklnn 1 ranaportatloB) to. HONOLULU Kuva. ?few Zeulnml. Auatrall. The Well Kqulpoetl Itotal Moll Vmn.- MAGA KA (iO.mrO tna . May 1. July fl MA KlU A (i:i..Vi ten). oliine 14, Vhk m Holl From Vttnroii ver. H. C For rare, rtr., apply (an. Vmr. Kitilu ;ir- 6A Tblnl ftt.. i' ' or f 'HiiHilan-Aiitrulsintan Huy wl Mail 1 ' 741 sUaatiiii.B bt, Meat. Vanca-uvtr. i y. a