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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (May 21, 1922)
1 18 TITE SUNDAY OREGONIAN, PORTLAND, . MAT 21, Fill PROSPERITY APPEARS I OFFING Agriculture's Buying Power Up 20 Per Cent. PRODUCE PRICE RISES Cost of Rural Xeces&ities Drops Simultaneously With Jump In Sales' Values. BY HARDEN COLFAX. (Copyright, 1022. by The Oregonian.) WASHINGTON, D. C, May 20. (Special.) The American farmer Is back again on the highway to pros perity. Between crops and over win ter, the department of agriculture showed In a summary completed to day, he has increased his purchasing power between 20 and 25 per cent, enjoyed a broad general advance of about 20 per cent in the prices of his products and raised his financial standing through the enhanced value of all he produces by a sum so great that it cannot be accurately meas ured. Within that space of time crops and livestock have advanced from a level three points below the average of 1913, or pre-war prices, to a point 15 per cent in excess of it. His prod ucts today are fetching in hard, cash hundreds of millions of dollars more than they fetched at the beginning of winter. He may get a billion dollars more for his 1922 crops and livestock than he did for what he sold in 1921. It may be two billions more; even higher; nobody can tell. Market Still Climbing. The markets continue on the up ward trend and as the farmers' pros perity forms a basis for industrial and national prosperity this is highly beneficial. Here are some of the prices now compared with prices six months ago: Wheat has risen from $1.07 to $1.44 a bushel and is still rising. Corn has gone up from 47o to 63c a bushel, a 16 per cent rise. Cotton was selling in December at around 17 cents a pound; today it is fluctuating around the 21-cent mark. Hogs have risen from $7.25 to $1'0.40, a climb of more than 40 per cen t. Wool -values have shot up within the past SO days. Bheep and cattle have failed to keep step, but even those values are on the increase. Back In 1913 the farmer's dollar would buy a dollar's worth of goods at the store. Last December, how ever, the farmer's purchasing value, had fallen to 65 per cent. While farm prices had deflated to the last cent, the prices of other commodi ties were still far above the pre-war lovels. Since last December the farm er's purchasing value has risen to 67 per cent of the 1913 standard. He has been coming back at the rate of 2 per cent a month. Higher Food Likely. The increase In the farmer's pur chasing power is attributed to two things: The increase In the prices of farm products and a further de crease in the prices of other com modities. An upward swing In the cost of foodstuffs may be expected in retail markets should the trend o prices on the farm continue. The increased retail price, however, should not be great. Indications are that the farmer's prosperity will be enhanced this year not only by the increased prices, but. In some particulars, by increased bulk of products. An illustration of this tendency is shown in returns covering the number of brood sows on farms April 1 last, a census of which has Just been completed. The figures show an increase of 11 per cent, or more than 1,200,000 animals In excess of the number a year ago. This is interpreted as meaning the farmers will raise at least 5,000,000 more hogs this year than they did last. With hogs topping 10 cents a pound, this one Item alone will add approximately $100,000,0v0 to the farmers' Incomes. Better Times Likely. Other figures of the week received by government agencies tell of s continuance of the business revival Deposits In national banks, the fed eral reserve board reports, increased by more than $100,000,000. 6tock market activities resulted, apparent ly. In an Increase of loans by na tional banks amounting to $20,000 MO; railway traffic continued at about the same level as during the preceding showing a decrease of less than one-third of 1 per cent. Indications are that the railroads will show net income at the rate of about 4 per cent on April business. Such a showing would be much bet ter than the average for last year, when there was no coal strike. Coal loadings. Incidentally, are picking up slightly. Grain Is Moving. A heavy gram movement is re corded, and a falling off of nearly 1000 cars in forest products. Indi cations are that the building trade will experience a shortage of cars in some sections, which will develop Into a genuine shortage with a re vival of coal mining. The roads re port 226,000 idle open-top cars in good order on their lines. , Gold imports have dribbled down from a torrent to a normal move ment. April importation being placed by the department of commerce at slightly above $12,000,000. April ex ports of merchandise stand up well with those during March. The road-building season has opened and thousands of workers who were unemployed six weeks ago have connected again with the pay roll. DAILY CITY STATISTICS Marriage Licenses. STEPHENS-GAUGER R. E. Stephens, 41, Bel Marsnan street, ana Ma Dei uauger, 27. imperial note.. HESSE-HAMMERSLT Fred Hesse. Jr. 6, Tudor Arms apartments, and Thelma Al. Hammer sly, 'ZVii .East Firteenth street. HICKOX-FLORA Fred Hickox, 27, 535 East Twenty-nrst street Norm. ana Kdyth6 B. Flora, 23, 1J63 East Couch street. NE WELL-GROOMS Leslie P. Newell 20, 780 Belmont street, and Anna Grooms, 18. 1695 East Seventh street. FRANZ-CROSBY Henry E. Franz. 39. 621 East Thirty-ninth street, and Grace . Crosby, 25, 621 East Thlrtv-nlnth street. INTELLIGENT PRODUCE MARKETING Make your produce worth more money by using latest methods at the time you prepare the shipment of any product. Write 1 at Once We VIII Be Pleased to Tell Yon How RUBY & COMPANY, 169 FRONT ST, PQKTXAAD, OR. CARLSON - TREICHEL Edward F. Carlson, legal, 535 Mall street, and Fay etta Trelchel. legal, 18 East Twelfth street North. AXZALO.VE-PURCEIL S. Bdward An zalone, 41, SS9 Minnesota avenue, and Mabel Purcell, 26, 688 Third street. " WHITE-OLSON George Miies White, 29, Walla Walla, Wash., and Helen B. Olson, 2(1, 374 East Eigrtth street North.. WILSON-WELCH Joseph J. Wilson, 29, 351 Hal! street, and Joyce Welch, 20, 351 Hail street. COOK-EMERICK Robert C. Cook. 21, 381 Sixth street, and Myrtle May ISmer lck, 21, 348 Mill street. BUCICK-JACKSON Harold J. Bll clck, 7, Gresham, Or., and Gladys G. Jackson. 18. 328 Bast Ninth street. Vancouver Marriage Licenses. PLANCICK-McCALL Vincent J. Plan clck, 21, of Portland, and Florence McCall, 20, of Portland. HARTZ-STRESE William F. Hart-.. Si. of Goldendale, Wash., and Dora A. Strese, 18, of Marysville. Wash. ORSER-PATTBRSON Rex C. Orser. 24, of Camas, Wash., and Margaret Patterson, 23, of Koskia. Idaho. PEVB.N'MIRB - SANDER Robert E. Pevenmire, 38, of Carlton, Or., and La Rose Sander, 39, of Portland. VERSAW-GREBHAUS Roy J. Versaw 22, of Portland, and Pauline E. Grebhaus. IS, of Portland. SCHROEDER-VOIGHT Herbert R. Schroeder, 28, of Portland, and Valeria E. Volght, 19, of Portland. MEIKLE-MEIKLE John F. Meikle. 88, of Portland and Mrs. Christena A. Meikle, legal, of Portland. PAUL-PIKE Chester J. Paul, 28 . of Portland, and, Evelyn J. Pike, 23, of Port land. ALLEN-KERSLAKE William R. Allen, legal, of Portland, and Mrs. Julia A. Ker slake, legal, of Troutdale. Or. CORBETT-OVERSTREET Robert Haw ley Corbett, 22, of Portland, and Eula C. Overstreet, 20. of Portland. Births. HOPKINS To Mr. and Mrs. H. ' C. Hopkins, 1229 East Ash, May 16, a daughter. SIGNER To Mr. and Mrs. Carl Signer, 572 Junior. May 9, a son. BIBERSTEIN To Mr. and Mrs. H. M. Biberstein, Banks, Or., May 7, a daughter. BOMBER To Mr. and Mrs. F. W. Bomber, 1102 Union avenue North, May 6, a son. W1NDI.E To Mr. and Mrs. Joseph Rhinebold Windle. 265 Blendena, May 9, a daughter. r KAYSKR To Mr. and Mrs. H. W. Kay ser, Kllis Court apts.. May 13, a son. PLATT To Mr. and Mrs. Hugh A Piatt, 847 East Fortieth street North, May 6. a son. HILDEBRANDT To Mr. and Mrs. H. Alf. Hildebrandt, Park Rose, Or., May 8, a son. CARROLL To Mr. and Mrs. John H. Carroll, 1031 Arnold, May 5, a son. WERNER To Mr. and Mrs. William M. Werner. 408 Wasco. May 35, a son. THOMPSON To Mr. and Mrs. Fred Thompson, 687 Sixth street, May 11, a son. GREEN To- Mr. and Mrs. Henry F. Green, 146 Emerson, May 17, a Bon. RANDALL To Mr. and Mrs. Dr. George B. Randall, 253 Sixth street. May 12, a daughter. RETHWELL To Mr. and Mrs. G. E. Rethwell, 621 East Buchanan, May 15, a son. LIEN To Mr. and Mrs. Ray C. Lien, 681 Williams. May 9, a son. CUNNINGHAM TO Mr. and Mrs. C. A. Cunningham, 1460 East Flanders, May 10, a daughter. GLANZ To Mr. and Mrs. Henry Glan2, 830 J5. Ninth street North, May 10. a daughter. HANHART To Mr. and Mrs. Edward Arthur Hanhart, 310 Benton, May 14, a son. THOMAS To Mr. and Mrs. Harry R. Thomas, 1448 Mississippi avenue. May 10, a son. LEGLER To Mr. and Mrs. Paul B. Legler, route 4, box 744, Portland, May 13, a daughter. BULIAVAE To Mr. and Mrs. Frank Buliavae, 450 Twenty-third street North, May 14. a daughter. GIBSON To Mr. and Mrs. Charles A Gibson, 841 Garfield, May 9, a daughter. VESSEY To Mr. and Mrs. Arthur T. Vessey, 120 Otis, May 13, a daughter. TINKER To Mr. and Mrs. John D. Tinker, 116 West Tyler, May 12, a daugh ter. WILLIAMSON To Mr. and Mrs. For rest H. Williamson, 1001 Lombard, May 17, a daughter. HUCHINSON To Mr. and Mrs. Earl Huchinson, Broodmead, Or., May 13, a daughter. NEW ANSWERS TOURISTS Defeated Candidate Tells 'Em How "to Get Out." "WASHINGTON, D. C, May 20. Senator New, republican, Indiana, who was defeated for renomination in the recent primary, told of meet ing some tourists who were contused in the capitol corridors and who asked him if ho could tell them how "to get out." 'You het I can, Senator isew re plied. "Just stick to your job and run in a primary. Business News Notes. PHILADELPHIA. May 20. (Special.) Considerable improvement is noted in the sale of sheet brass, brass rods, wire and tubing. It has improved steadily since February and some factories are running on lull time lor the nrst time in a year. Repair work on coats and demands for radio use are said to be the factors responsible for the better business. Silverware outlook Is good, according to a wholesale distributor. Hotels are buying more liberally. Retailers are hold- ng back on orders, 'iney have been curtailing in their purchases to rid them selves of some of their old high-priced stock. Cut glass business is alow; . Tho biggest business we have had for yeara," is the report or the Philadelphia representative o a refrigerator manu facturing company. Everybody has been holding oir on Duymg tor a couple of years, he said. -tne old goods are worn out and many people need new refrigera tors. Retailers continue to buy m small numbers, but a lot of small orders is making enough business to keep the fac tory running overtime. I hey have less stock on hand than ever before. Porce lain lines are cheaper than ever before and sale of these goods is unusually good.' www Baby carriages are having the best season that has been known for some time. There is a general demand. Re tailers did not anticipate the business that has arrived and many of them have been caught without goods. They are now crowding the larger distributors. .Baby carnages are cneaper man last year Styles frequently change, especially colors. and this season blue and khaki are dis placing the gray and frosted colors of last year. W w w Linseed oil is in fair demand with, prices firm. Foreign oil is stronger. The late seeding season this year and the values compared witn a year ago should cause an increased acreage, say some factors. but reliable estimates are not expected until june jl. -n.iaae.pma quotations are Tank cars, 86 cents per gallon; car lots cooperage, u cents; warenouse delivery, 93 cents. Raw silk la firm but demand Is not strong. Hosiery mills are buying for im mediate needs only, but it is expected that this business will be better soon. Phila delphia prices are: Double X A crack chop, $v.: per pouna; aouoie X B, $7.35 special extra, J ..io; best No. 1 to extra, S7.I5; best No. 1, J7.10; Kansai No. 1. $7.03. QUOTATIONS ON DAIRY PRODUCTS Current Prices Ruling on Butter, Cheese and Eggs. SAN FRANCISCO, May 20. Produce exchange closed. NEW YORK, May 20. Butter Firm, Creamery, extras, 3ti436Hc. Eggs Weak; fresh gathered, extra firsts, 2727c. Cheese Firm. CHICAGO, May 20. Butter Lower. Creamery extras, 34c; firsts, 3033c; seconds, 2829c; standards, S4c. Eggs Higher. Receipts, 33,145 cases; firsts, 2424c; ordinary firsts, 222iiHc; miscellaneous ,2323c; storage packed, extras, 26HiC; storage packed firsts, 26c. SEATTLE, May 20. Butter and- eggs Unchanged. Naval Stores. SAVANNAH, Ga., May 20. Turpentine no sales; last sales May 17 at 90c; re ceipts, 412 barrels; shipments, 192 barrels; stock, 13M barrels. Rosin, firm; sales, 736 barrels; receipts. 1168 barrels; shipment 684 barrels; stock. 55,990 barrels. Quote: B, $4.15; D, $4.35, E, $4.50; F, G, $4.60; H, $4.604.65; I, $4.65; K, $4.704.85; M, $4.905: N. $5.255.40; WG, $6; WW, $6.50. Coffee Futures Close Lower. NEW YORK, May 20. The market for coffee futures opened at a decline of two to three points and closed three to 31 points net lower. Sales were estimated at 42,000 bags. Closing quotations: Mav, 10.27c; July, 10.17c; September, 9.64c; Oc tober, 9.53c; December, 9.32c; January 9.26c; March, 9.15c. Spot coffee dulL Rio Ts, 10 q; Santos 4V A4HH34fc DECLINE II WHEAT CHECKS TRADING Bids Are Reduced 1 to 3 Cents at Board Session. NEW CROP OFFERS MADE Coarse Grains Steady - and Quiet. Wheat Prices Close Lower at Liverpool. There -was a fair volume of trading in the wheat market during the week, but business slowed down materially at the close when prices eased off to the basle of J1.28 for export club. At the Merchants' Exchange bids on May and June wheat were down 1 cent on soft white and white club and 3 cents on the other grades as compared with the preceding session. Of fers for July wheat were at J1.14 for white and J1.10 for red. There was only a limited trade in the coarse grain market, where prices were steady. 1 The Chicago wire to the Gray-Rosen- baum Grain company follows: May wheat continues to be the domi nating factor and until it is out of the way difficult to say what market will do. Bulls have found more wheat available than anticipated. Leading holders May wheat have been the best sellers of July. Further heavy deliveries expected next week. Slow demand." "Wheat at Liverpool closed dld lowei at lis 8"4d for May, Us 8d for July and lis ld for September. Broomhall's Argentine cable said: "Weather continues favorable for the plowing for new wheat. The early pros pects are considered. quite good. The mar ket for corn is steady, with less pressure to sell. Foreign demand slow." Russia will not ba in a position to export grain for at least five years, according to a report received from a special representative of the department of commerce in Milan, Italy. The report emphasizes the fact that under the best of pre-war conditions, espe cially during the period from 1909 to 1913 when the aggregate yields of wheat and rye were very good, the exports of these crops taken together did not exceed 10 per cent of their total yields. In other words, ap proximately 90 per cent of the total quan tity of wheat and rye produced In Russia was required for home consumption. The occupation of the large estates by the peasants and the grain requisitioning policy that followed is said to have re sulted In a considerable reduction in the area devoted to the various crops. It has been conservatively estimated that it will require aft least three years to, restore livestock and farm equipment to pre-war conditions. It should, however, be remem bered that before Russia can be in a po sition to export any considerable quantities of wheat and rye a surplus over and above the country's food and seed requirements wili first have to be. produced and accumu lated. The wheat crop of Bulgaria during 1921 amounted to 42,510,000 bushels, compared with 29,998.000 bushels in 1920 and 48,502.- 000 bushels in 1913. This lndicatea that the crop is practically the same as before the war. The 1921 rye crop amounted to 8,390.000 bushels, compared with 8,087,000 in 1913. The production of barley in 1921 was 13, 241,000 bushels, compared with 11,486,000 bushels in 1D13; of oats, 11,272,000 bushels, compared with 8,704,000 in 1913; of corn, 35,886,000 against 28,979,000 in 1913. . Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Saturday .. 68 3 6 1 2 2 2 220 2099 846 2006 251 1025 644 2367 5 17 1 " 97 12RI 163 819 Bl 083 178 937 4 3 2 S 178 2018 41B 1743 213 506 456 1423 Tear ago. . . 27 Se'n to date. 27,129 Tear ago.. .17,434 Tacoma Friday 8 Tear ago . . . 7 Se'n to date. 9.775 Tear ago... 4,54m Seattle Friday 9 Tear ago... 3 Se'n to date. 8,025 Tear ago. . . 4,489 SEED POTATOES ABE SHIPPED SOUTH Stock Remaining In State Will Probably Clean Up. Orders for several cars of potatoes for shipment as seed to California were filled during the week at prices averaging $1 to growers. The stock of good potatoes re maining is small, and dealers expect every thing to clean up by the end of the season. Local Jobbing trade was of the usual size with prices ranging from $1.25 to $L50. New California potatoes were firm.,, at SVs 10 cents. The eastern potato markets averaged about 15 cents a hundred cheaper for old stock. Northern round whites closed' at $1.25 1.30 f. o. b. shipping points, and $1.4561.60 in the Chicago carlot market. Maine shipping points held steady at 85c to 95c f. o. b. and Green Mountains ranged 15a lower in leading eastern markets at $1.35 1.85, but weakened In Philadelphia to $1.15S1.35. Florida Spaulding Rose averaged $1 per barrel lower in northern markets at $5 6 and declined 75c at shipping points, closing at . $4 f. o. b. South Carolina cobblers also ruled $4.f. o. b. and sold in city markets at $4.855. Texas and Alabama Bliss Triumphs ranged $33.50 in hampers in middle-western markets. Potato shipments from all states during the week Included 1725 cars of new pota toes and 2560 of old stock. The movement of old potatoes Is declining, although Maine and the northwest are still shipping heavily. Ot the total 2499 cars shipped, 1026 were from Maine, 193 from Idaho, 188 from Colorado, 164 from Washington. Car lot shipments of old potatoes rose from 13,599 cars in February to 21,870 In March and fell off to 16,511 in April. But in this month there were shipped 2700 cars of new potatoes, which probably accounted for the failure of the April recovery in the price of old potatoes to hold for any great length of time. The preceding ups and downs of the market since February had followed quite closely the increases and decreases in weekly receipts. The market for new potatoes also has felt the effect of heavy supplies. In 1921 only 3400 cars of new stock had been shipped by May 15, and in 1920 only 911 cars, while this year the increased acreage, the generally good yield and the early season together have been responsible for total shipments of 5754 cars of new potatoes, besides at least 20,000 cars of old potatoes shipped since the first of the year as compared with the corresponding time last season. Bank Clearings. Bank clearings of the northwestern cities yesterday were as ioliows: Clearlngs.Balances. Portland $5,726,146 $1,203,393 Seattle 4.S174.&51 1.196.401 Spokane 1,647,665 733.790 Tacoma transactions 1,853,000 Clearings of Portland, Seattle and Ta coma for the past week and corresponding week in lormer years were: Portland. Seattle. Tacoma. 1922... 1&21... 1920..1 1919... 1918... 1917... 1916... 1915... 1914... 1913... 1912... 1911... ..$25,292,063 $30,962,073 $14,037,000 . 2tj,iiK,lM4 27,133,::W 3.483,122 33,743,048 83,031,123 23,938,261 15,875,968 11.832,209 8,487,190 9,932,901 9,063,332 7.707,706 9.398.954 42,912,653 81,008.170 81,008,170 21,582.966 14,040 ,303 12,131.209 10,080,365 10,030,901 8,719,527 9,905.420 5.358,553 3.99L790 3 991,790 2.832.262 2.088,611 1.438.562 1.452,281 1.995.419 3.522.900 3.446.195 Eggs Shipped to Los Angeles. There, was a good local demand for cube butter, and this with shipments to Seat tle kept the marget firm. The demand for eggs was fair. Buyers offered 19 cents for current receipts and 2223 cents for henneries to country ship pers. One car of eggs was sent to Los Angeles. Poultry and dressed meats were steady and unchanged. Strawberries Holding Firm. One car of California berries arrived yesterday and cleaned up at $33.35 a crate, according to condition. From pres ent indications there will be no change in prices during the first part of the week, owing to the firmness of southern markets. Hams Will Advance. v An advance of 1 cent a pound in all sizes of hams, as well as picnics and skinned hams will be effective in the local market Monday morning. rORTLAJJD MARKET QUOTATIONS. Grain. Flour. Feed. Etc Merchants' Exchange, noon session: Bid Wheat Hard whate Soft white .. May. $1.25 1.25 1.25v June. July. $1.25 $1.14 1.25 1.14 1.25 1.14 1.25 1.14 1.25 1.14 1.21 1.10 S7.00 87.50 as.50 29.00 29.00 White club Hard winter 1.25 Northern spring 1.25 Red Walla 1.21 Oats No. 2 white feed 37.00 No. 2 gray 36.50 Corn No. 2 E T shipment.. 29.00 FLOUR Family patents, $8.60 per bbl.i Whole wheat, $7.80; graham, 17.40; bakers' hard wheat, $S.10; bakers' bluestem pat ents, $8; valley soft wheat, $6.50; straights, (6.35. MILLFEED Price f. o. b. mill: Mill run, ton lots, $35; middlings, $49; rolled barley, $3739; rolled oats. $42; scratch feed. $4751 per ton. CORN White. J36; cracked, $38. HAT Buying price, f. o. b. Portland: Alfalfa, Jly20 per ton; cheat. $17; oats and vetch, $18; clover, $17; valley timothy, $20; eastern Oregon timothy, J 21 22. Butte and Country Produce. BUTTER. Cubes, extra, 84c per pound, parchment wrapped, box lots, 38c; cartons, 39c Buterfat. buying price: No. 1 grade. 8839c delivered Portland. EGGS Buying price, 19c dozen, case count; henneries, 22g3c dozen; jobbing prices, case count, 21c; candled ranch, 23c; selects. 25c. CHEESE Tillamook triplets, price to Jobbers, f. o. b. Tillamook, 23c; Toung Americas. 24c pound. POULTRY Hens 20 23c; broilers, 20 80c; ducks, nominal; geese, nominal; tur keys, live, nominal; dressed, 40c. VEAL Fancy, 12c per pound, PORK Fancy, loc per pound. Fruits and Vegetables. Local Jobbing quotations: FRUITS Oranges, Valencia, $7.258.50 box; lemons, $7.50ij3'9.00; grapefruit, $4.00 9.00 box; bananas, V&lOc pound; ap ples, $2.004.ou per box; strawberries, $3.003.35 per crate. POTATOES Oregon, $1.251.50 per 100 pounds; new California, HH&'lOc pound; sweet potatoes, eastern, S2&2.50 crate. ONIONS Yellow Bermuda, $2 per crate; crystal wax, $3 per crate. VEGETABLES Cabbage 4i45o per pound; lettuce, $2.503.00 crate; garlic, lOfeloc per pound; green peppers, 40c per pound; celery, $6.00 crate; tomatoes, $5.005.50 lug; artichokes, $1.25 dozenrf cucumbers, $L502.dO box; rhubarb, 4c per pound; spinach, 78o pound; aspara gus, $1.501.75 per dozen; green peas, 9 11c per pound; beans, 25o pound. Staple groceries. Local jobbing quotations: SUGAR (sack basis) Cane, granulated, 6.40c pound; beet, 6.20c per pound, .NUTS Walnuts, 1535c per pound; Bra (11, null, 17 19c, almonds, 21fe26c; peanuts, 10 11c per pound. RICE Blue Rose, 0.46 66.75c per pound; Japan style, 6.106.25o per pound. COFFEE Roasted, bulk, in drums, 20 I6tac per pound. SALT Granulated, bales, $3.254.05; half ground, tan, 50s, $17; 100s, $16. HONEY -Comb, new crop, $4.255 per sate. DRIED FRUITS Dates. 14c per pound: tigs, $1.90 2.75 per box; apples. 15c per pound; peaches, 16c; apricots, 23c; prunes, k14c. BEANS Small, white, 6i47ttc; large, white, 514c; pink, 6c; bayo, 6ftc; red, efrc; lima, 11c per pound. Provisions. Local Jobbing quotations: HAMS All sizes, 3437c; skinned, 82 39c; picnic, 17c; cottage roll, 24c BACON Fancy, is 44c; choice, 29 &3c; standards, 23 W 25c LARD Pure, ".ierces, 15c pound; com pressed tierces, 15c. DRY SALT Backs, 1821c; plates, 15a Hides, Hops, tc x HIDES Salt hides, 5c; salt bulls, 4o; green bulls, lo less; grubby hides and bulls, lc less: salt calf. 10c; salt kin 1c: salt horse hides, $162 each; dry horse hides, 50c SI each; ary hiaea, 10c; dry cull hides, half price. PELTS Dry pelts. He: dry short wool pelts, half price; salt pelts, full wool. April take-off, $12561.75 each; dry goat skins, 12c (long hair). TALLOW No. 1. ttc: o. z. 8W,o rer pound; tank tallow. 2c per pound. CASCAilA daiul new peel, sc pound; lid peel. 6c pound. OREGON. GRAPE Grape root. So per pound. HOPS luzz crop, iazuo pound; eon- tracts, 15c WOOL Eastern Oregon, 2629o per nound: valley wool. fine. 28&30c: me dium, 2328c; quarter biood, 224125c; low quarter blood. 20 622c; braid, 182uo; matted, 15 18c. MOHAIR Long staple. 32 33c: deliv ered Portland; eardiug 28c; burry, 20o pound. .3.&.II3 i;ar iota, ayi V o 7i o ooaal. Oils. LINSEED OIL Raw, in barrels. $1.10: 6-gallon cans, $1.25; boiled, in barrels, $1.12; 5-gallon cans, $1.27. TUKfEMiftfli xu arums, slid: 6-gal lon cans, $1.30. WHITE LEAD 100-pound kegs, 12Ko per pound. jji ianK wagons ana iron bar rels. 26c; cases. 38 c. Lumber. The following are direct quotations on Douglas fir and represent approximately prevailing f. o. b. mill prices in carlots and are based on orders that have been negotiated: Pre vailing Low. Price, $47.00 $47.00 37.00 38.00 31.00 34.00 86.00 36.00 Flooring Hiffh. 1x4 No. 2 VG $51.00 1x4 No. 3 VG 38.50 1x4 No. 2 & B, SG... 86.00 1x6 No. 2 & B, SG... 87.00 Stepping No. 2 & B 70.00 62.00 ei.oo 50.00 30.00 82.00 28.00 12.50 14.00 Finish No. 2 and better 1x8 10-inch 68.00 Casing and base 63.00 Celling x4 No. 2 & B . 85.00 1x4 No. 2 & B 34.00 1x4 No. 8 31.00 Boards and SL No. 1 1x8-1 0-inch S I S.... 14.50 lxl2-inch 15.00 Dimension No. 1 2x4 12-14 S & E . 15.50 13.50 11.60 12.50 16.50 Planks and small timbers 4x4 12-16 S 4 S 17.50 J6.00 SxlO-12 12-16 S 4 S.. 19.00 17.50 Timbers 32 feet and under 6x6 8x10 S 4 S 22.00 17.50 Lath Fir 5.00 Copper Market Firm. NEW TORJt, May 20 Copper has shown continued firmness during the past week with today's quotations for electro lytic ranging ttom 13c to 13o for nearby metal and up to 13c for for ward deliveries. It is reported that some of the larger interests have no metal for sale below IS'jsc. Iron, firm. - Cotton Market. NEW YORK, May 20. Cotton futures opened barely steady. May, 21.07c; July, 20.07c; October, 19.89c: December, 19.85c; January, 19.75c. Cotton futures closed easy: May, 21.20c; July, 19.90c;. October, 19.77c; December) 19.77c; January 19.65c. Spot quiet. Middling, 21.45o. Cottonseed Oil Futures. Cottonseed oil futures at New York, fur nished by Herrln & Rhodes, Inc., Portland: May, $11.50; June, $11.50; 3uly, $11.66; August, $11.6811.70; September, $11.68 11.70; October, -$11.08011.11; November, $9.909.95; December, $9.739.80. Spot bid, $11.50. Sugar Market. NEW TORK, May 20. Raw sugar, cen trifugal, Cubas. 4.07c; refined, fine granu lated, 6.30 5.50c. SAN FRANCISCO, May 20. California Hawaiian raw sugar, 4.04c. Duluth Linseed Market. DL'LTJTH, May 20. Flaxseed, $2 75. Dried Fruit at New York. NEW TORK, May 20. Evaporated ap ples scarce. Prunes dull. Peaches steady. ALL GEPJERAL LIST 15 T Every Group, Except Inde pendent Steels, Supported. BETHLEHEM IS FIRM Stock Is Expected to Be Basis Eventually for Real Merger of Independent Groups. BT MONITOR. (Copyright by the Public Ledger Company. Published by Arrangement.) NEW TORK, May 20. (Special.) The general list was strong and active in the first hour today and nracticallv everv group, with the exception of soma of the independent steels, met with good sup port. Naturally the withdrawal of the Toungstown Sheet & Tube company from the "six company" steel merger has had a dampening effect on sentiment generally regarding this particular stock. On the other hand Bethlehem B showed comparative firmness. Opinion is growing that eventually Bethlehem will be a basis for a real merger of the independent stocks and this is heightened by the fact that Lackawanna and Toungstown, the first two companies to break away from the seven company" group, have had in terlocking interests in the past. After the first hour today there was some disposition on the part of longs to take profits, but whenever selling of this nature threatened to take the upward movement, traders who wera accumulating new long lines apparently shifted into other groups and thus the market pre served a uniform front. Industrial av erages, railroad averages and copper aver ages are generally in new high ground for the movement. Copper stocks as a group were strong and active, and Granby established a new if for the year at 32. Kennecott was off fractionally, this selling being a nat ural reaction after the recent advance, which was based upon expectations of the mauguration of dividends by mother lode. With this dividend actually declared some traders were inclined to take profits. Among the rails. St. Paul continued as leader, and the common registered a fur ther advance of two points, with the pre ferred up 1. D. L. & w. was also stronger, closing two points higher, while i-rie surprised the market with a sharp advance of 1 points to a basis ot 15, cosing at the top. New Haven was one ot the most active features in the entire market and advanced 2 points to a new high record at 85 . also closing at the top. This buying was based on stories circulated to the effect that two promi nent railway systems were seeking control of the property. The withdrawal of the Toungstown Sheet & Tube company from the "six company" merger has affected sentiment in the market, and the independent steels are about the only group which failed to share in the surge of prices in today's short session. Bethlehem B twas comparatively -firm. and this Is accepted as a reflection of the general expectation that withdrawal of Lackawanna and Toungstown from the originl seven-company merger plan would force a new merger plan which would use Bethlehem as a base. The United Shoe Machinery corporation report for the fiscal year ended February 28 shows net earnings of $3,094,147 after federal taxes and preferred dividends. This is equal to $1.78 on the $25 par value i on common stock. - "Pnra nil cnmtmnv and subsidiaries show gross earnings of $60,722,462 for the fiscal year ended March 31. Net surplus income amounts to $4,966,781. Total surplus on Muri-h 31. 1921. was soj.JDl.'loi, wnicn, with the net premium on the sale of cap ital stock amounting to viub.eib, maae a total of $52,278,673. Inventory loss and depleticn charges amounting to $4,516,879 reduced this surplus to $47,761,094, which added to the net surplus income for the last fiscal year makes total surplus or $52,728,476. Dividend payments amounted to J6,S13,ao, including preierrea n com mon dividends in cash and common divi dends paid in stock, left the company with a surplus of $46,414,418 on March 31, 1922. According to commission house gossip there is under way a movement of certain commission house customers to get out of Pacifio Oil on the general theory that any change of control to more powerful Interests would probably have an adverse effect on the dividend policy of the com pany. Some of these traders are switch ing into .ennecot. ana otner cuppers. An advance of two points or so in Amer ican Car Foundry develops a scarcity of floating supply of the stock, and the un dertone is firm. While 1921 was a poor year for this company as for most others, it is borne in mind that the fiscal year did not end until April 30 and therefore part of the good business encountered early this year will be included. It is believed that the $12 common dividend will be earned as a result of consistently good re pair business and income from invest ments. . In some quarters there is a disposition to look for indication from the interstate oommerce commission before the market gets under way Monday on the general theory that the results or tne wmte House dinner to the railroad executives tonight should bear early fruit. e Merger talk is again swinging into the railroads and New Haven was well bought today- on circulation of reports that both Canadian Paclfc and Pennsylvania were seeking control of the road. The reported merger of J. Kayser and the H. R. Mallinson companies In the silk business was flatly denied by President Bayer of the Kayser company today. Mr. B.ayer said that not only were there no ne gotiations in progress but there will be no reason for these two companies to consider such a plan because of the fact that these two companies are in different lines of the silk business. SHEEP MARKETING ON LARGE SCALE Lambs, Yearlings and Wethers Weak at Stockyards. Thirteen loads of sheep, containing 1695 head, together with 27 cattle and two calves, made up the day's arrivals at the stockyards yesterday. Twelve loads of sheep came on contract. Business dur ing the day was quiet. The heavy mar keting of sheep and lambs during the week left prices in this line in a weak ened condition. Cattle and hogs were steady. Prices quoted at the Portland Union stockyards were as follows: Cattle " Price. Choice steers $ 8.70 9.00 Good to medium steers 8.00 8.50 Fair to medium steers 7.00 8.00 Common to fair steers 6.50 7.00 Choice feeders 6.00 6.25 Fair to good feeders .. ... 4.75 5.25 Choice cows and heifers 6.75 7.25 Medium to good cows, heifers 5.75 6.75 Fair to medium cows, heifers. 5.00 5.75 Common Cows 4.00 5.00 Canners. 2.25 4.00 Bulls 3.75 5.25 Choice dairy calves 8.50 9.00 Prime light calves 8.00 8.50 Medium light calves 7.00 8.00 Heavy calves ... 4.50 7.00 Hogs Prime light 11.2511.50 Smooth heavy, 200 to 300 lbs. 10.5011.00 Smooth heavy, 300 lbs. up.... 10.0010.50 Rough heavy 7.50 9.50 Fat pigs 11.2511.50 Feeder pigs 11.2511.50 Stags, subject to dockage .... 5.00 7.50 Sheep Best spring Iambs 9.0010.00 Medium spring lambs 8.00 9.00 Common spring lambs 6.00 8.00 Cull lambs 6.00 6.00 Light yearlings 8.00 9.00 Heavy yearlings 7.00 8.00 Light wethers 7.00 8.00 Heavy wethers 7.00 8.00 Ewes .j. . 2.50 6.00 Chicago Livestock Market. CHICAGO, May 10. (U. S. Bureau of Markets.) Cattle, 500, compared week ago: Beef steers, 10 15c higher; she stock mostly steady; canners weak; bulls, 1525c lower; veal calves unevenly steady to 50o higher; choice calves up most; stockers and feeders dull, weak to lower; top beef steers for week, $9.25; week's bulk prices, . beef steers, $7.758.60; STRONG AT STAR stockers and feeders. $77.75; meaty feeders, $8 & 8.50; butcher she stock. $5.90 7.15; canners and cutters, $3.904.75: veal calves. $99.75. Hogs 8000; market steady to strong, with Friday's average, quality considered; spots 5 to 10c higher: toD. Sll; bulk. $10.5010.9o; shippers took about $14; holdovers light; pigs strong, mostly $8.50 10; packing sows weak, 1015c lower. Sheep 3500; five doubles choice 90 and 84-pound shorn lambs, $12.75g13; sheep and spring lambs quoted firm. Compared with week ago: Fed lambs and fat sheep mostly 75c to $1 lower; spring lambs, .50 7oc lower; feeder ends and culls, 25 to 50c lower; closing top spring lambs, $15; feeders around $12.25; bulk shorn lambs, $11.50012.50; bulk fat ewes, $57; ex treme heavies down to $4. Kansas City Livestock Market. KANSAS CITT, Mo., May 20. (U. S. Bureau of Markets.) Cattle, 550, for week; beef steers, 1025c lower; top, 38.80; she stock weak to 50c lower; com mon and medium grades off most; can ners and bulls steady; calves mostly steady; in-between grades lower; stock cows and heifers, feeders and stock calves mostly 2o50c lower; stock steers 35c$l lower.- Hogs 1000, active to packers and ship pers, 5 10c higher than yesterday's av erage; bulk good and choice. 190 to 250 pound weights, $10. 60 10. 75; mixed 250 to 800 - pounders. S10 45 10.55; bulk, S10.4510.75; top, $10.75; throw-out sows, $9.25 . 9.50. Sheep 250, for week: Spring lambs about steady; Arlzonas, $14.60; other kill ing classes, $161.25 lower. San Francisco Livestock Markets. SAN FRANCISCO, May 20. Steers: No. 1, $77.75; No. 2, $5.256.75; cows and heifers. No. 1, $56; No. 2, $46; bulls and stags, $34; light calves. $89.50; heavy, $58. f Sheep Wethers, $6.507.50; ewes, $4.50 5.50; lambs, 10 11. Sheep: Wethers. $6.507.50; ewes, $4.50 5.50; lambs, f 10 10.50. Hogs; 125 to 200 pounds, $11.6012; 200 to 250 pounds, $10.50 11; 250 to 300 pounds, $9.50 10. Seattle Livestock Market. SEATTLE, May 20. Cattle and hogs iteady, no receipts; prices unchanged. CHOP 1 FH SIFE WHEAT IiATB IN AUj MIDDJLK "WESTERN SECTIONS. No Certainty as to Outcome at Pres ent Time July Option Is Strong. The weekly review of the wheat mar kets by Peter S. Goodman of Clement, Curtis & Co., Chicago, as wired to Herrln & Rhodes, Inc., , of Portland, follows: The May delivery is passing away with out any notable disturbance of the mar ket. The open contracts have undoubted ly been materiallv reduced. - The strength in the July delivery is Indicative of the general fear of a late, and perhaps poor harvest. . Foreign demand is fair, and the large decrease in the visible supply last week shows that the year's end carry over will not be large. My summary of new crop conditions in the country southwest of Chicago is as follows: The plant is late everywhere. The southern counties of Kansas are not materially advanced over the condition of the plant in Illinois. Missouri growth condition is not much better. In the western counties of Kansas, where the wheat did not come up until spring, the lateness is such as to preclude the possi bility of any commercial harvest. The entire western country has been satur ated with recent rains. The Kansas re gion has had half the annual rain fall in the past six weeks. When I left Kansas several days ago the country looked splendid, but there is too great a margin to make up to hope for large reserves. Wheat has an In herited tendency to go to harvest in the Kansas region about June 20, and should it follow its tendency this year, the grain would not amount to much In weight. The plant everywhere is so - watery that a couple of days of hot weather would burn and shrivel it. If the blooming period is passed without high 'tempera tures, the chances will be improved. There is no certainty as to the outcome at the present time. The harvest will be de layed at best, and uncertainty will prevail as long as the weather remains cool over the big belt. In the Texas region, where the harvest period is now reached, there is great disappointment and good observers esti mate the yield will not be over 8,000,000 bushels. The government figures and my own report had estimated 11,000,000 bushels for this section on May 1. Okla homa's hopes are being reduced as the harvest season approaches, and this is likely to extend over the belt. SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables. Fresh Fruits, Etc., at Bay City. SAN FRANCISCO, May 20. (State Di vision of Markets.) Poultry Broilers, 32 52c; young roosters, 25 47c; old, 14 19c: hens, 2132c; ducks, 2325c; live turkeys, 3235c; dressed, 3644c. Fruit Apples, 3hi to 4-tler, $2.153.75; navel oranges, $6.508; Valenclas, $7 8: lemons. $5 7: loquats. pound, 10 15c; grapefruit . $3 4.23; strawberries, crate, $1.2O1.60; oherrles, box, $1.25 2.60; apricots, pound, 8035o; gooseber ries, pound, 15 25c; cantelopes, $4.50 crRte; raspberries, $2.50 per drawer. Vegetables Artichokes, large crate, $4 006.00; asparagus, pound 810c; beans. pound, 10 40c; carrots, sack. $1 253.00; celery, crate, $2.004.00; spin ach, pound, 24c; turnips, sack, $2.00 2.50; cucumbers, dozen, $1.502.00; let tuce. Crate, OUC(WVJ..OU, wmto uujuiw, wftw, $1.601.75; yellow, cwt., $1.251.50; parsnips, sack, $33.25; peas, lis4c: potatoes, $1.602.50; new, 85c; rhu barb, $1.852; summer squash, crate, $1.251.50;, corn, $2.25 dozen. Receipts Flour, 4250 quarter sacks; wheat, 800 centals; barley, 6525 centals; onions, 1479 . sacks; potatoes, 1291 sacks; corn, 3200 centals; hay, 140 tons; hides, 225; oranges and lemons, 2050 boxes; live stock, 250 head. STORING OF BUTTER IS RETARDED Late Season and Higher Prices Affect Speculation. CHICAGO, May 20. Full grass butter Is appearing on the market and many oper ators are turning their attention to the storing for winter demand. Due to a late season and higher prices than were expected the storing demand has been considerably retarded. Cold, disagreeable weather has prevented a rapid Increase in production. Fancy, butter nearly all week was sold quite readily and at times was scarce. - Centralized only at times showed any accumulation and the markets nearly all week were firm. -Receipts for the four large markets since January 1 were approximately 440.000 tubs larger than last year and storage holdings January 1 were 6,000,000 tubs heavier than last year. CITlT MAKES OFFER OX BONDS Matter Must Be Presented Later to Fnll Shipping Board. TACOMA, Wash., May 20. (Special.) City Attorney Dennis of Tacoma, made the shipping board an offer for the municipal car line bonds in Washington, D. C, yes terday. While no answer could be given until the matter Is presented to the board as a whole. Mr. Dennis Is satisfied the negotiantions will be concluded is a short time, he telegraphed to Mayor Ridden. It Is believed the city . can settle with the board on a basis of between 20 and 30 per cent on the outstanding bonds, w,.ich will be less than the present market value of the equipment represented by the bonds. The government lent the city of Tacoma S232.000 to build the line and de mands retirement of the bonds. The city has urged cancellation of the obli gation on the grounds that the loan was a war time necessity. Chicago Potato Market., CHICAGO, May 20. Potatoes, steady receipts, 67 cars; total United States ship ments, 687 cars; Wisconsin sacked and bulk round whites, $1 50 1.60 cwt.; Min nesota sacked round whites, $1.15 cwt.; Canadian sacked round whites rto. 1. mostly SI. 50 cwt.; Idaho sacked russets $2 cwt.; new stock strong; Alabama sacked Bliss Triumphs No. 1, $3.653.75 cwt.: Texas sacked Bliss Triumphs No. 1, $3.60 cwt.; Florida Spaulding Rose, double headed barrels, Ko. 1 $6.506.75; No. 2 $lt,25. IMOMS BROTHERS CORPOMM Are You Comparing? May is our most successful month owing largely to the fact that investors are comparing SECURITY UNITED STATES xtAberdeen, City of Wn SArco, Ida. Elec. Light (Astoria, City of lAstorla, City of 1 Astoria, City of I Astoria, City, of IBandon, Ore., Imp xBozeman, Montana xBozeman, Montana xBozeman, Montana ICasper, Wyoming xCosmopolis, Wash b Harrison, Ida.. Water ildaho Falls, City of Imp SLava Springs, Idaho, Water Malad, Idaho x.Montesano, Wash., Imp.., INorth Bend, City of Ore.. xOlympia, Wn., L. I. D. 274 xPort Orchard, Washington zRenton, Wn., Sanitary qtRoundup, Montana SSoda Springs, J.da., Water CANADIAN MUNICIPAL BONDS. SAlberta, Province of BBritish Columbia, Province ot... (Port of Coquitlam, B. C. 5 Prince George, B. C x Winnipeg (Water) I Denotes $1000 denomination. ! Denotes $500. qDenotes $200. xDe notes $100. TDenotes fractional bonds. z$10O0, $500, $100. TELEGRAPH OR TELEPHONE MORRIS BROTHERS CORPOKfflON government ana MORRIS BUILDING IVkWInTir. BROADWAY 2151 A VA IJ.U.ALVA, IE LED Bf EVENING TJP TRADES BREAK WHEAT AT CHICAGO. Early Market Is Bnllishly Affected by TJnfaTorable Crop Re ports From Southwest. CHICAGO, May 20. Evening up for the week-end caused wheat prices here to break sharply during the last hour of the trading today, the May delivery lead ing the decline, although reports from the southwest telling of unfavorable condi tions for the new crop gave the market a rather bullish construction in the early dealings. The finish was unsettled, with values showing a net loss of c to 4c May $1.3514 to $1.36 and July $1.23 to $1.234,. Corn was up c to c and oats ranged from He lower to e higher. Pro visions ranged from 5c lower to 50c ad vance. The wheat market showed fair strength in the early trading, with commission houses and shorts on the buying side of the deferred deliveries, which averaged slightyl higher despite a break In values at Liverpool. The May delivery was un der pressure from scattered . longs and averaged lower, the best support coming from a local elevator interest, which was also the best buyer yesterday. The action of May continued to be the dominating influence, other factors being almost en tirely ignored. The reports from the southwest told of the deterioration in the condition of the crop as the barvest approaches, it being said that rain was needed in some sections which have had insufficient rainfall in the past six weeks. This report was largely responsible for the early firm un dertone of the market. Receipts ot wheat were 225 cars and deliveries of May con tracts this morning ,were 430,000 bushels. Corn and oats, while acting rather firm, early reacted from the high point In sym pathy with wheat, but there was no ma terial nressure and the selling was mainly of a local character until near the close, when export interests became heavy buy ers of July corn. Provisions averaged lower, with a rather light trade. It took but little selling to make the lower range, despite the strength in hogs. mi... l l. !,,,,. -analveri vester- rtnv hv the Overheck & Cooke company of Portland follows: All things considered, July ana oep- AW.K n.UA, halrf p,m,rlrahlT well to day in face of heavy selling by the lead ing long interest and by local operators, who were Impressed with the liberal re ce'.nts at primary markets. Chicago had 225 cars and Kansas City 228 cars of wheat today and it is predicted that the move ment will be heavier next week as country holders, especially in the southwest, are said to be cleaning up stocks. Chicago receivers reported 800,000 wheat bought at Misourl river points to come here. Kan sas City and St. Louis reported weak cash maxsiets witn tne aemniiu d,w. ... Chicaeo SDOt nrices were firm relative to futures. 6eaboard messages said export demand was indifferent, Dut it was imi mnted that business might be done on a decline next week. Crop reports for the past lew aays nave not been so favorable as recently and many recognized authorities are appre- i ..I.,.. n,it,nma believlnc that perfect weather will be necessary to main tain conditions until narvem. lu iud possibility of another crop scare before us, 1.1 . .n tab, tVta ahnrt Ride we ivuum mil i-i i o iv of new crop deliveries at present prices. Corn Held witnin a narrow mn6o nu failed to follow the decline in wheat, ex cept in a very small way. Some of the buying of July was credited to export in terests against cash sales. Country of ferings to arrive were reported only mod erate. The cash market was firm on re- . t, t,lutit time, for the ceipus av - after planting movement to get under way and Unless It IS OI muca larser liniyui- tlons than now indicated we look for a very strong market as the demand prom ises to be very good. Oats The only feature of consequence was the selling of July by houses pre sumed to be acting for leading elevator Interests, casn traae was siagna.ni. uui prices quoted were relatvlely steady. Coun try offerings to arrive light. No export business reported either here or at the seaboard. Rye Dull and featureless trade with prices lower on the weakness in wheat. Cash trade was inactive and quoted nomi nally steady as compared with the futures. Leading futures ranged as follows: WHEAT. Open. High. Low. Close. (1.38 $1.40 $1.3514 $1.35 ',4 1.24 1-24 1.23'4 1.23 1.19. 119 1.18 1.18 CORN. .61 .6114 -BH4 .61 .64 .64 .64 ' .64 .66 .66 .66 .66 OATS. .37 .37 .37 .39 .39 .39 .39 .40 .41 .40 .40 MESS PORK. Sept. May July Sept. May July Sept. May July Sept. 23.20 '..'ll.50 11.50 11.45 ...11.70 11.72 11.67 11.47 11.70 SPARE RIBS. July 12.00 12.00 12.00 12.00 Sept 11-90 11.90 11.85 11.85 Cash prices were: Wheat No. 2 hard, $1.36 1.36. Corn No. 2 mixed, 62c; No. 2 yellow, 8262c. Oats No. 8 white, 8940c. Rye No. 1, $1.09. Barley Nominal. Timothy seed $4.50 8. Clover seed $1222. Pork Nominal. Lard $11.25. Ribs Nominal. Cash Grain Market. Furnished by Herrln & Rhodes, Inc., Portland: MINNEAPOLIS, May 20. Wheat No. 1 dark northern, $1.53 1.82 ; No. 2 dark northern, $1.51 1.58 ; No. 3 dark northern, $1.44 'fl.55 ; No, 1 northern, PRICE YIELD MUNICIPAL BONDS. Rate. Maturity. Price. 7 1027 To viei,i 6 50 6 1937 To yield 0.00 6 1926-41 To yield 5.75 5 1930-40 To yield 5.75 6 1926 To vield 5.90 1037 To yield 5.75 6 1922-31 To yield 5.75 6 1023-27 To vield 6 50 6 192S-32 To vield 6.25 6 1033-42 To yield 6 00 6 1924-31 To yield 6 25 7 1923-27 To yield 6.50 6 11130 To vield 6.00 6'4 1930 To yield 6.50 6 1!31-41 To yield 6.00 7 1930 To vield 6.50 8 1923-29 To yield 7.00 6 1927 To yield 5.75 6 1925-81 To yield 6 50 7 1922-30 To vield 6.5(1 8 1923-3i To yield 7.00 6 1929-36 'To yield 6.25 6 1930 To yield 6.00 1930 li2. 19-11 1930 1930 To yield 5 .85 To yield 6.oo To yield 7.00 To yield 6.50 To yield 6.00 ORDERS AT OIR EXPENSE. Municipal Bonds fW.rtVvr. 309-11" STARK ST. VJL VjvyiL safe DI ! DEPOSIT BOXES $1.52 1.5Ssi : No. 2 northern, $1.49H 1.55; No. 3 northern. $ 1.42 1.50-V Corn No. 2 yellow, OHUfiiTo. Oats N'o. 2 white, 36 !i ti37 'ic; No. 8 white. 8514 WSfi'.c. Barley H3Kr. Rye $ 1 .01 -1 .02 5i . Flax $2.742.76. ST LOUTS, May 20. Wheat No. 1 r-d. $1.41; No. 2 red, $1.37; No. 3 red, $1.29. Corn No. 2 mixed, 6lt(i'62c; No. 2 yellow, 63Vs64c: No. 2 white, 62c. Oats No. 2 white, 40'c; No. 3 white, 39V-C. OMAHA, May 20. Wheat No. 2 hard. $1.2il.27; No. 3 hard. $1.22. Corn No. 2 white. 54H1r54ic; No. 2 yellow, 55'.ic; No. 2 mixed, 54c, Oats No. 3 white, 6',4c; No. 4 white, S5ic KANSAS CITY. May 20. Wheat No. 2 red, $1.25; No. 3 red, $1.201.24; No. 4 red. $l.201.21: No. 1 hard, $1. 291.48: No. 2 hard, $1.26 Ml. 50; No. 3 hard. $1.31(9 1.55: No. 4 hard, $1.25.2S. Corn No. 2 mixed, 57 c; No. 2 yellow. 59c; No. "2 white, 57Vic; No. 4 white, 5656'.tc Grain at Iron Francisco. SAN FRANCISCO, Oil.. May 21. Wheat Milling. $2.8502.40; feed, $2.252.35. "Barley Feed, $1.351.40; shipping, $2 .45 1.55. Oats Red feed, $1.551.C5. Corn White Egyptian, $22.10; red milo. $1.771.S2. Hay Wheat, $16ff1S; fair. $1416; tame oat, $1&1S; wild oat, $11!3; al falfa. $15 16; new alfalfa, first cutting, $ 1 8 1 5 ; slock hay, $I012. Seattle Grain Market. SEATTLE, May 20. Wheat, hard white, scft white, white club, northern sprinc. $1.25; red winter, soft red winter, $1.26; eastern red Walla, $1.23; Big Bend Blue Btem, $1.55. Hay and feed, unchanged. Minneapolis Wheat Futures. MINNEAPOLIS, May 211. Wheat, May, $1.5Hi; July, $1.40: Sept., $1.20. Winnipeg Wheat Futures. WINNIPEG, May 20. Wheat. May. $1.37; July, $1.35; Oct., $1.22. Phone your -want ads to The Ore gonlan. Main 7070, Automatic 560-95. OVERBECK & COOKE GO. Brokers, Stocks, Bonds, Cotton, Grain, Etc eiD-217 BOARD OF TRADE BLDO. Walla Walls, Wash, PortUnd. Or. Pendleton. Or. MEMBERS CHICAGO BOARD OF TRADE. Correspondents of Logan & Bryan, Chicago and New York. MEMBERS New Vork Slock Exchange. Chicago Stock Exchange. Boston Stock Exchange. Chicago Board of Trade. New lork Cotton Exchange. New Orleans Cotto? Exchanga, New Vork Produce Exchange, Winnipeg Grain Exchange. Liverpool Cotton Association, Puts & Calls You Can't Be Closed Out on a Put or Call The market may go against you tem porarily, but if it recovers and sells above Call Price you have just as much profit as though it jumped there the next day after you made the trade. Furthermore, there are no Margin Calls or interest charges and no commission is charged unless the transaction is closed at a profit to you. "Write for booklet. "How to Trads in. Puts and Calls." Prompt attention to mail orders. WATSON & COMPANY Investment Securities 5i5 titork Exchange iildg.. Los Angeles 1 i ,r t 11 ana r'Hunis rN STOCK MARKKT TRADIN'O. T.oarn HOW to combine these In your trading by the use of STOCK IRVII,K;KS With $43 to 1J5 you ran trade in 100 shares of any stock. Write for FRKK explanatory folder No. 61. Paul Kaye 119 Broadway New 1 ork ORGANIZING A COMPANY? Save the usual incorporating expenses and taxes, and avoid personal liability by forming your orc;r.n. -ration on the regula tion Common Xjiiv Plan under a pure Declaration of Trust. National Standard Forms Uhe work of recognized attorneys furnish complete requirements with which anyone in any state can organize and begin doing business the same day. Pamphlet V-4'2 free. C. S. Demaree, legal blank printer, 613 Walnut, Kansas City, Mo. HERRIM RHODES, Inc. Established 1898. STOCKS, BONDS, COTTON, GRAIN Correspondents E. F. HUTTON & CO.. N f. Members all leading fv-'hAngea. BabtonB Service on File. Bdwy. 4125- 201 kaliv a Kxi'liaoce Blilc Phone your want ads to The Ore-g-onin. Main 7070, Autc rr.aiic 560-95, 5
