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.
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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.
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Phone your want ads to The Ore-g-onin.
Main 7070, Autc rr.aiic 560-95,
5