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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Dec. 10, 1922)
22 THE SUNDAY OREGOXIAX, PORTLAND, DECEMBER 10, 1933 1W BIG RULING 10IFA1ER tranted yesterday, according to word re- lated, 8.15c pound; beet, 7.95c pound, ceived at headouartitra here. Til mo- NCTS Wsjnuu. 1530o per pound; rt j , j,m whMjt at Brazil BUts, 1315c; almonds, ltH Stamping of Calcutta Sacks L Will Prove Expensive. COST WILL BE $150,000 protest Will Be Made at Once by V Northwest Wheat Grow ers' Association. r News yesterday reached headquarters f the- Northwest Wheat Growers' asso ciation that the treasury department at "Washington has just made a ruling to the effect that ail Calcutta bags, carry ing wheat, must be- stamped with the nord "India." This action on the part of the cus toms house authorities will mean extra cost of marking- the bags of about one third of a cent per bag, which extra cost must fall, in toto, upon th farmer. Information from officials of the Northwest Wheat Growers association Is that, based upon average imports of about 50.O4JO.0OO Calcutta, grain bags, this now regulation will cost the farmers Of the Pacific northwest fully $150,000. "We undoubtedly will enter our pro test at once with our representatives in congress," said G. A. Westgate, sales agent of the association. "The farmer la carrying all the load and more than he can stand at the present time, and uch action will only add to a burden already too heavy to bear. By this move there will be no returns coming to the government and the farmer cannot atand any further costs under any cir cumstances. "There would be no great objection to attaching the word India' to (the tags, but the cost of stenciling these millions of bags, though only one-third of a cent, is too much in the aggregate. Quick action will be necessary to get Che ruling abrogated. "The farmer also should take this matter up with his own representative and senator in congress and if ' there in concerted action it Beeins that the treasury department would see the folly of carrying out such drastic action, detrimental to the best interests of the farmer, whose struggle fcr existence is too well known to need further comment." DEMAND FOR WHEAT LACKING Trade With Orient Expected to Revive After First of tear. Inactivity is the only feature of the wheat trade here. The market is firm in line with conditions east, but there is practically no demand, from mills or exporters. Foreign business at the mo rxnent hi out of the question, as prices at this end are said, to be several cents out of line. J Dealers do not look for any material change in conditions before the turn of the year. After that time they ex pect a revival in the Japanese demand for wheat and &lzo a call from China for flour. In the meantime farmers in this sec tion are disposed to hold on to the small quantity of wheat remaining, anu in no district are they pressing sales. At the Merchants' Exchange session western white bids were advanced 1 cents and other grades averaged 1 cent higher except blue stem, which was un changed. - One hundred tons of January 44- pound barley were sold on the board at $36. Oats i nd No. 2 corn were 50 cents higher. May and December wheat at Chicago advanced to a ne high for the season as a result of an increase in speculative interest induced by President Haraing's messa ge to congress and a speech by Julius H, Barnes before the Illinois chamber of commerce. At the finish wheat was up 1 to 3 Is cents. At the outset there was a good class of buy ing by commission houses, which was a result of Mr. Barnes statement rec ommending the extension of $30,000,000 to $70,000,000 loan to the needy nations of Europe for the purpose of buying grain. This, he said, would greatly -enhance values. Offerings were soon absorbed and prices advanced rapidly. Bulls were further encouiaged by Wash ington advices, the trend of talk in congress being in their favor, it was aaid. Introduction of the foreign Duiuth. It is already a member of the Minneapolis exchange. COMBINED SALES AGENCY FOKMED Body to Be Known as American Wheat Growers Associated. ' Preliminary plans looking toward a na tional saies agency for American -grown wheat were perfected at Minneapolis yes terday at a conference of representatives of nearly ail the wheat marketing associa tions of the nation, through an organiza tion which will be national in scope and be known as the American Wheat Grow ers Associated. A committee comprising William H. McGreevy of Oklahoma, George C. Duis of Grand Forks, N. D., and George C. Jewett. general manager of the North west Wheat Growers Associated with headquarters in Portland, was named to draw up a constitution and bylaws which wiU be submitted to the various states represented at the conference and others which may come in at a later date. If ratified, action will be taken at once to put the national sales agency in effect in time for the next wHeat selling sea son. The national sales agency in general follows the plans laid down at the Den ver conference last summer with the ex ception of laying out the wheat section of the country in zonea, In this there w-m be one exception, that for Washington-, Oregon and Idaho, which probably will be recognized as zone 1. The other states wiia be placed in one group for the present. OREGON ONIONS SLOWLY ADVANCE Prospect of Smaller Crop of Early Onions in Sooth. The onion market was slightly farmer at the close with saies made by growers at $1.40 1.50. The snipping movement was moderate. The plea for better balanced produc tion will be partly answered by the early onion sections next epring, judging from first reports, of reduced plantings in southern Texas. ' With a heavy crop of late onions, this season's shipments from the late producing states have already filled more than 12,000 cars, compared with about SO00 care in 1021. There are still In storage for future shipment at least 8000 cars or approximately 2000 more than at this time last year. Realiz ing the probable effect on the market of the heavy future movement from stor age, growers of Bermuda onions in Texas are considering a 10 per cent reductiton from la s t season s plan tin gs of ft 700 acres. This should, serve to stabilize the late market for Oregon onions. 28c; peanuts, 8S&c: filberts, 1925c pecans, 3oc; chestnuts. 16?40c; hickory. 14c per pound. RICE Blue Rose, 66!4o lb. COFFEE: Roasted, bulk, in drums, 203&)&c per pound, SALT Granulated. barrels, $2,600 2 65; bati ground, tons, 60s, $17; 100a, jrltt. DRIED FRUITS Dates, . 11 per pound; figs, 15 22c per pound; apples, 12 14c per pound; peaches. 15c; jPrunes, 8 13c; apricots, 27 to 31c BEANS Small white, 77Jic; pink, 7c; red, 7c; lima, lOc lb. HONEY ?4.505 per case. Hides, Hops. Etc. HIDES sajted hides, all weights, 10c; green hides, all weights, 6c; salted bulls, 14c; salted or green kip, 11c; hair-slipped hides and akins, half price; flint drj hides, 15c; flint dry calf and kip, 15c, dry salted hides, 12c; culls and dam aged, half price. Horse hides, green or salted, each $2 2.50; colt skins, 50c $1; dry horse, 75c$l with mane and tail on. SHEEP PELTS Dry sheep pelts, long, 23c; dry sheep pelts, short, 11 c; dry sheep pelts, pieces, 11 &c; dry shearlings, each, 5 25c ; salted pelts, long, each $11.50; salted pelts, short, each 75c $1.25; salted shearlings, 1050c; salted goats, long. $12; salted goats, short, 50e$l; dry goats, long, per lb., 15c; dry goats, short, each 25 50c ; goat shearlings. 10&20c. TALLOW No. 1, 6ac: No. 2, 4 Cc per pound; grease, 364c per pound. CASCARA BARK New peel, 8c per pound; old peel, 8c per pound. OREGON GRAPE ROOT Per lb., 7c HOPS 1922 crop, 7c per pound. WOOL Valley wool, fine -and half blood, 3540c; three-eighths blood, 32 35c; quarter blood, 30 32c; low quarter, 2527c; matted, 2325c. MOHAIR Long staple. 45c, delivered Portland; short staple, 40c; burry, 25c per pound. Oils. LINSEED OIL Raw, in barrels, $1.10; 5-gallon cans, $1.25; bolted, in barrels, $1.12; 5-gallon cans, $1.27. T u Rr&iN Tim a in arums, i .3 ; o- gallon cans, $1.97. WHITE LEAD 100-pound kegs, ISHc per pound. GASUiiiNci lana wagons ana iron barrels, 25c; cases, 26c per gallon. DISTILLATE Tank wagons And iron barrels, IS 14c per gallon. Lumber. The following are direct quotations on Douglas fir and represent approximately prevailing f. o. b, mill prices In carlots and are based ott orders that have been COOKING APPLES MOVING WELL Prices Are Holding Steady In Local Market Carlot Trade Quiet. There was a fair local demand for ap ples, but most of the buying was of the cheaper grades at prices ranging from 85c to ?L Quotations are unchanged. A few lagre extra fantcy Delicious were offered at $2.50 and -large extra fancy Spitzenibergs at ?22.25. Common cook ing apples were to be had at 507'5c. There were few cartot sales at ship ping points. Wena tehee quoted Stay mans, extra fancy, large to very large, at $1.40, and medium to large at $1.35. LOWER EGG PRICES ARE DUE Increased Receipts Expected In Coming Week. Egics were steady on the street at 50(a) 53c for candled ranch. Wnen the inter ruption in the movement from the coun try, due to the storm, is over, the trade looks for a further fall in prices. Cube butter cleaned up closely and the market was firm at the end of the week. Poultry supplies were moderate and some of the arrivals had to be carried over. Large hens dragged. Dressed meats were steady and unchanged. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances, Portland 1 $3,830,042 $ 486.434 Seattle 4.530.285 864.401 Spokane 1.634.865 636.329 Tacoma transactions 2.557,000 Clearings ox i-'ortiana, Seattle and Ta coma for the past week and correspond ing week in former years were: Portland. ' Seattle. Taroma. $31,048,638 $33,377,150 $16.167,000 .HLiH 2,721.4' 32.233,!t67 Srt.502.N86 43. 7". 1.961 27.099,887 19.156,981 13.536.401 11,433.010 13.40S.612 11.0S7.2S4 11.23S.S62 1922. . 1921. 1920. , 1919. 1918. . 1917., 1916.. 1915. 1914. 1913. 1912. 1911. 29,291,371 32.547,070 30.3)5 1.709 33.672.745 19.496,584 15,31 1.818 11.834,410 10.674.001 13.287.477 11,808.312 10,251,057 negotiated: Flooring High. Low. 1x4 No. 2 VG $51.00 $49.00 lx4JSO. 3 VG 45. tm 41700 1x4 No. 2 & B. SG.. 39.00 3-8.00 1x6 No. 2 & B, SG.. 42.00 40.00 Stepping No. 2 & B 70.00 60.00 Finish No. 2 and better 1x8 10-inch 58.00 53.00 Casing and base.... 63.00 60.00 Ceiling x4 No 2 & B .... 40.00 36.00 1x4 No. 2 & B ..... 40.00 37.00 Drop siding 1x6 No. 2 & B 41.00 39 00 1x6 No. 3 37.50 36.50 Boards and SL No. 1 lx8-10-inch SIS.. 19.50 " Ix12-inch 22.00 20.30 Dimension No. 1 S & E 2x4 12-14 18.50 Planks and small timbers 4x4 12-16 S 4 S 22.50 19.50 3x10-1212-16 S 4 S. 24.00 Timbers 32 feet and under 6x6-8x10 S 4 S 24.00 21.25 Lath Fir 4.50 ...... Pre vailing Price. $49.00 T PRICES SEASISTOPII President's Message and Barnes Speech Bullish. OATS SHARES IN GAINS Prospect for Additional Credits to Foreign Grain Bayers Lends Strength to Market. 88.00 41.00 37.00 39.00 18.50 21.50 SUPPLY BELOW AVERAGE STKOXG TONE DEVELOPS IN WHEAT MARKET. 4,175,714 4,729,880 5,901,177 3.777.1SI 2,518,498 2.116,746 2.077,608 2,215,416 4,073,227 4,552,074 Transactions. PORTLAND MARKET QUOTATION Grain. Floor. Feed, Etc. Merchants' Exchange, noon session: December. January. Wheat iim. ask. credVs bill In the house coupled with $f,ft white . '. '. L25 private cable whicu told of a with dr&wal of plate offerings in the Liver pool markets, brought out increased buying and values rose sharply, the market closing near the high point of tho day. The Chicago wire to the Gray-Rosen-fcaum Grain company follows: "President's message ..nd Barnes' peech here yesterday again calls at tention relative cheapness wheat values. Introduction of bill in house today for foreign credits also bull factor and re sponsible substantial increase outside trade, thus giving market that which it has needed. Believe in still higher prices, but consider possibilities of set backs." Liverpool wheat' closed Vid lower at 30s 3id for December and unchanged on the other months at 9s Od for Marjh and 9s 5id for May. Russell's news bureau says: "Wheat export capacity of all European coun tries during the present cereal year will probably not exceed 20,000,000 bushels. European wheat imports for the current cereal year are estimated at 640,000,000 bushels." Terminal receipts, in cars, were re ported by the Merchants Exchange as follows: Portland Wht.BIy.Flr.Oats.Hay. Saturday 65 ... 7 1 4 Year ago US ... 13 3 12 Season to date.. 11. 548 344 855 407 ;-43 Bid. $1.48 1.24 1.22 1.16 1.18 1.16 "Western white. 1.22 Hard winter ... 1.16 Northern spring- 1.18 West wo. red ... 1.16 Oats 36-lb. naturals. .35.00 35.00 38-Ib. naturals... 36.25 37.50 36.25 37.50 Barley 44-lb- minimum 36.00 40-lb. minimum 35.00 35.50 No. 2 K. Y. Shp.33.50 35.00 33.00 34.50 No. 3 E. Y. Shp.32.50 34.00 32.50 34.00 FLOUR Family patents, $7.60 per barrel; whole wheat. $6.80: graham, $6.60; bakers' hard wheat, $7.10; bakers' bluestem patents, $7.35; valley bakers, $6.10; stnights, $6.05. MILLFEED- Price f. o. b. mill; mill run, ton lots. $35; middlings, -$47; rolled barley, $4143; rolled oats, $44; scratch teed. $46 per ton. CORN White. $41; cracked. $43 per ton. HAY Buying prices, f. o. b. Portland. Alfalfia, 51919.50 per ton; cheat, $19 50; oats and vetch, $22; clover, $19; valley timothy, $22; eastern Oregon tim et ny, $23. lear ago Tacoma Friday Year ago Season to date. Year ago Seattle Friday Year ago Season to date. Year ago Astoria Friday x Season to date. 17,823 126 1150 503 S48 14 17 37 715 1 1 ... 10 ... 6 517 82 352 812 81 457 6 1 . 15 6 3 6 !5 322 SI 3 4,576 120 1215 272 S90 1 47 425 44 6 Growers Join Duluth Exchange. The application of the Northwest ftVheat Growers Associated for member rhtp in the Duiuth Board of Trade was For Immediate Delivery Top Quality Produce We Will Pay for Veal. i:t',C for Block Hoes. tHv for Live Duck. for Live Heavy Hens, for Live Light Hens, for DrfMfd Beef, for Drewiied Heavy Hen. for DreNs-ed Light Hens, KOe Se FRANK U SMITH MEAT COMPANY "Fijrhtinjr tho Brf Trust." w Location, 107 Front Street. Portland. Oregon. Butter and Country Produce. BUTTER Cubes, extras, 45c lb,; prints, parchment wrapped, box lots, 4Sc; cartons. 49c. Butterfat, 49c deliv ered Portland; station buying price. A grade, 46 48c. EGGS Jobbing prices: Front street, enndied ranch, 5053c; selects, 0355c; pullets, 45c; association selects. 55c; as sociation firsts, 53c; association pullets, 45c. CHEESE Tillamook triplets, price to jobbers, f. o. b. Tillamook. 30c; Young Americas, 51c; longhorns, 31c pound. POULTRY Hens, 1422c: springs, 17 20c : ducks, white, 1 8 20c ; geese, 18c ; turkeys, live, 27 28c; dressed, choice. S538c VEAL Fancy, 12c per pound. PORK Fancy, 13c per pound. Frnlts and Vegetables. Local .lobbing quotations: FRUITS Oranges, navels. 5tfi6c: Jap anese, $2.25 per bundle; lemons, $1011 box; grapefruit, $3. 75' 7.50 box; bana na lOH&'UHc lb.; casabas. 24c lb. pears. $22.50; grapes. 9t0c lb.; apples, 75c $2.50 per box ; cranberries, $7 per box, $22.50 barrel; pineapples, $7$7.50 per box. POTATOES Oregon, 60l9c per spek; Yakima, 85c $1.50 per sack; sweet potatoes. 33c lb. ON'JONS Oregon. $2!?-2.25 per sack. VEGETABLES Cabbage, l!&c per lb. ; lettuce, $4 4. 25 per crate ; garlic, 15i$20c lb.; green peppers. 25c lb.; toma tces, $3.50 pes box : Hubbard squash, 14 2c lb.: beets. $1.75 per sack; tur n'ps. $22.25 per sack: cauliflower. V' 25 2.50 per dozen; celery. Soci&'Sl.lo dozen; pumpkin, li2c lb.; spinach, $1.25 per box; carrots. $1.50 per sack; artichokes, $1.85 per dozen; sprouts, 15 S17c pound. Provisions. Incal jobbing quotations: HAMS AU' sizes, 28332c per pound; skinned, 31c ; picnic, 19c : cottage roll. Sc per pound. BACON Fancy. 39 46c; choice, S20 36c: standards, 28 30c LARD Pure, tierces, 17c per pound. DRY SALT BACKS 20 $ 23c : p la tea 18 cents. Canadian Stocks at Buffalo and Montreal Will Soon Be Out of Way. The weekly grain review of tbe Chi cago market, furnished by Jordan, Werat wopth & Co. of this city follows: Wheat A strong tone, developed in the wheatmarket on the declines. The De cember shorts have been largely elimi nated, but there remains a good sized hedging Interest which has to buy In' its commitments. The distribution in this country continues on a broad scale. The southern hem-isD'here crops are n earing the end of the harvest, but it will be mid-January before s"hipnient3 of the new crop in Argentina develop, and until the end of January the European supply must come irom this country. At the presm t ra te ot exp o r ts the Ca na d4 an supply at Buffalo and Montreal will be out of the nay shortly. The drain will be then upon the United States supply wflich is wel'I below the average. The May wheat looks like a good purchase on the dec tones. Corn Farm holdings of corn are not excessive. The drought of the past sum mer has left the west and southwest without enough feeds and the drain upon the Iowa-Missouri region is heavy, with the result that later in the season the supply will not be large and prices will rue on the ordinary consumptive de mand, and a. probable fair export de mand. UndeV 70 cent corn is good pur chase. Oats Better buying in oats Is develop ing, now that the poor qua-Riy stuff of last season has been worked off. This grain is entiuied to a ten cent advance over the present' level. The movement is large and the visible supply has been under a steady decrease. - Minneapolis Grain Market. Furnished by McCauIl-Dinsmore Grain company of Portland. Wheat No. 1 dark northern, good to fancy, to arrive, $1.23 01.35; fancy No. 1 dark northern, $1.2!t 1.36 ; No. 1 dark northern. $1.22 1-28 ; to ar rive, $1.22; No. 1 northern, $1.20 1.27; to arrive, $1.20; fancy No. 2 dark northern, $1.24 1.31 ; No. 2 'dark northern. $1.18 1.24 ; No. 2 northern. $1.16 1.22 ; fancy No. 3 dark northern, $1.20 1.26 ; No. 3 dark northern, $1.13 1.20 ; No. 3 northern. $1.12 fct 1.19 ; No. 1 dark hard "Montana SI. 22 1.28 ; to arrive, $1.22 1.6 ; No. 1 hard Mon tana. $1.181.21; to arrive. $1.18 1.20; No. 1 dark hard Minnesota and South Dakota, $1.18 1.20 ; to ar rive, $1-17 1.18; No. 1 hard Minne sota and South Dakota, $1.17 1.18 ; to arrive. $1.17; fancy No. 1 amber durum, $1.12 1.15; to arrive, $1.08 1.12; No. 1 amber durum, $1.041.10; to arrive, $1.04 ; fancy No. 2 amber durum, $1.101.13; No. 2 amber durum, $1.01 1.08; No. 2 durum, 96c $1. Corn No. 2 yellow, 67 68c; to ar rive, 66 Vz c ; No. 3 yellow, 66 67c ; to arrive. 65 4 c Oats No. 2 white, 40 43c; No. 3 white, 39 41c ; to arrive, 38 39c. Barley Choice. 6t64c; medium good, 5760c; lower grades, 5256c. Rye No. 2. 82 4 82 c ; to arrive, 82 c. Flax No. 1, $2.59 2.60 ; to arrive, $2.58. .Wheat futures Dec, $1.18; May. $1.18. Cash Grain Markets. 4 Furnished by Jordan, Wentworth & Co., Portland: ST. LOUIS, Dec. 9. Wheat No. 2 red. 81.33: No. 2 hard. $l.l!t1.20. Corn No. 2 mixed, 72H73c; No. 2 yellow, 72"42ic. Oats No. 2 white, 4646c. Staple Groceries. Local jobbing quotation!: LGAA .Uack - Caat, grsnti- DULUTH, Dec. fi. Flax $2.58 2.62. KANSAS CITY. Mo.. Dec. 9. Cash wheat. No. 2 hard, $1.121.20; No. 2 red. $1.20 1.21. Corn No. 2 white, 79c; No. 2 yel low, 73 73 He. Primary Receipts. CHICAGO. Dtc. 9. Primary receipts: Wheat, 1,462,000 bushel vs. 1.222.000 bushels; corn, 1.133.0O0 bushels vs. 1,564,- 000 bushels; oats, a,047,ow bushels vs. 433.000 bushels. Shipments Wheat, 1,720.000 bushels vs. 50.000 bushels; corn, 556,000 bushels vs. 762,01)0 bushels; oats, 80 1,000 bushels vs. 494,000 bushels. i Car lots Minneapolis: Wheat 425, corn 30, oats 30; Duiuth, wheat 192, corn 1, cats 1; Winnipeg, wheat 9;i6, oats &!), flax 16; St. Louis, wheat 46, corn 31, oats 24; Kansas City, wheat 257, corn 3S. oats 21; Omaha, wheat 30. corn 39, oats 10; Chicago, wht-at 26, corn 453, , oats lvo. "Winnipeg Wheat Market. WINNIPEG. Dec 9. Cash wheat, Ko. 1 northern, $1.084 ; No. 2, $l.f6; No. 3, 1.03; No- 4 9Sc; No. 5, 9&c; No. 6, 03 He; fe d, 76He; track. $1.06. Future: Dtc. $1,053. iiay $1.10, July i U.CS 5i. ; L : BY CHARLES D. MICHAELS. (By Chicago Tribune Leased Wire.) CHICAGO, Dec. 8. Wheat and oats prices jumped to the highest point of tne season today under a marked in crease in the speculative trading Induced oy resident Harding's message to'con gress and the speech of Julius H. Barnes, former wheat director, delivered - her Friday. Numerous stop-loss orders were caught on the way up, and there was a decidedly bullish feeling among all classes or traders. - ClOSine trades W(r at hnnf fh Kent figures, with wheat at the last showing net gains-of l3c, while corn was up lHlc and oats llc. Lard gained 25c and ribs 17&C. Liquidation in the grain markets ran Its course early in the week, when the lowest prices were made, but the nrnsnenl of favorable legislation . and inrrfuH speculative buying absorbed the offerings and a stampede on the part of the bears was unaer way at the last. As compared with the finish of the previous week wneac was up 1 ffifl 3 e. corn 134i!i oats !2c and rye 35c. Lard dropped 1022c, with ribs 15c higher to oc lower. Introduction of the foreign credit bill into congress, which would authorize the war finance corporation to buy drafts of grain exporters, had considerable influ ence, as the Barnes speech of the nre- vious day had indicated that additional credits to foreign buyers might result in Dig aavance in orices. Rnunn de velopments were ignored throughout the day, and all grains were dominated by cue same xacior. Export demand was rather slow, but some rye was reported as having been wornea ana more business was nendine. Cables from Liverpool said Plate offer ings ot wheat in that market had been withdrawn, but the finish there was un changed to 4 d lower on expectations of liquidation Monday. ta outstanding feature in natn was the report of a better cash demand and it wa said 400,000 to 500,000 bushels had been sold out of Minneapolis of late to go to the southwest. A sale of 100,000 bushels of corn was made to go to store rremiums on cash wheat were firmer on corn easier in the local samnle market. . The advance in all grains and strong close created the impression at the last that higher prices are to be expected ijiverpooi snouia retiect the advance here Monday and new buying is expected. There has been extensive covering by shorts and a general renewal of confi dence among holders. Selling pressure, which has been a feature on previous ad vances, was not in evidence. mm It is said that a good part of the sell ing pressure comes from Winnipeg and the northwest, particularly the former. Traders in the Canadian market have extensive lines of May wheat sold here and are turnjng their attention to July, while the trade here ia more disposed to buy the July 4 Stop-order buying of May wheat from $1.20 up to $1.20)6 and May corn from 71c upward were features in the last hour. The bear interest appears to have given up the fight for lower prices for the time being, evidently regarding the situation as unfavorable. Traders regarded the action of Argen tine operators in withdrawing offerings in English markets as tending to con firm recent reports of damage to the crop by unfavorable weather. Unless there is a change for the better .there, harvest will be late and the movement retarded. f December oats were hard to buy and have been for several days. They ad vanced to 45 He Minneapolis reportea sales of 500,000 bushels the past few days to go to the southwest. Grain receipts at primary markets this week aggregated 24,829.000 bushels, an increase of 1,950.000 bushels for the week and 4.800,000 bushels over last vear. They also exceeded the five-year average by 3.500,000 bushels or 17 per cent. The total movement was the largest at this time since 1918 when the aggregate was 30,707,000 bushels. m Corn receipts increased 2.372,000 bushels for the week, and were 1,274,000 bushels over last year. Wheat receipts increasea o,riv,w nusneis over ls year. Cars are more plentiful through out the corn belt states and in the north west farmers' deliveries have increased so that 454 elevators on the Rock Island road in South Dakota are closed for want ot cars to move tne gram. Efforts are being made to place cars in that section at once. The daily Chicago market letter re ceived by the Overbeck & Cooke com pany of Portland follows: heat The failure of Liverpool to follow our advance of yesterday was of little consequence in view of other de velopments oi greater potency in our market. The statement of the former head of the United States errain comora- tion, in wmcn ne preaictea comDlete disappearance or American wheat and a higher level of prices, had enough ef fect on sentiment to advance the market to the highest prices of the season. An other significant item was Broomhall's cable saying that offerings of Platte wheat had been withdrawn, indicating that the market Is being held in check by increased arrivals the past week or so, a temporary jand unimportant factor. Alio presiueni. a message 10 congress Hav ing been thoroughly fltgested over night was viewed from a different anele than it was late yesterday and accepted as an important constructive document. There was a good demand for cash wheat in all markets. Rumors of for eign credits being made are again rife, and while still lacking authenticitv. there is little doubt that something ia to be done to broaden the export outlet for grain. We continue of the opinion that a higher level of values is about to be established. Corn It was a big, broad market with prices on the up grade reflecting the strength in wheat. Considerable selling in .the way of profit-taking was in evidence from time to time, but 4he buying power was fully up to the supply and the close was decidedly strong at the high of the day. One encouraging factor was the fact that the advance in prices attracted no increase In country selling. AU offerings on spot today were readily taken at higher prices. Ship ping sales of 125,000 bushels were re ported. The market appears to - have gotten out of the rut it has been in for several weeks and should now be in a position to respond more readily to bullish influences. Oats Started out with more inde pendent strength than has been noted for some time, and as prices advanced sell ing pressure diminished; Cash prices fully reflected the advance in futures. Those in close touch with conditions ex pect to see export buying continue the dominant factor In this market. Rye The strength in wheat encour aged outside buying which advanced prices despite considerable selling on the way up by northwestern hed gerfs. Cash rye was inactive and. devoid of feature. Corn No. 2 mixed. 7KiiS72U.fi- n. 2' yellow, 71H 74Hc oat!) No. 2 white. 46474c; No. 3 White, 4445c. Rye No. 2. S7ic ! Barley 66 75c. Timothy seed $66.75. Clover seed 15 20. Pork Nominal. Lard $10.75. Ribs $ 10 11.50. Grain at San Francisco. SAN FRANCISCO, Dec, 9. Wheat Milling. $2 25&2.30: feed. 2.20 ft 2.2.: barley feed, $L41.47; shipping, $1.50 3? l.o "4. Oats-Red feed $1.651.75, Hay Wheat $1720; fair. $15017; tame oat. $1721; wild oat, $1416; alfalfa, $1921; stock, $1215; straw, $11 12. - Seattle Grain Market. SEATTLE, Dec. 9. Wheat. hard white, $1.25; soft white, western white, $1.24; hard red winter, soft red winter-, $1.20; northern spring, western - red, $1.19; Big Bend bluestem, $1.63. Feed and hay unchanged. CATTLE ONLY SOLD AT CLOSE Livestock Market Quiet Without Change in Price. The only trading at the stockyards at the close of the week was in the cattle division. Arrivals were limited to 53 cattle and 40 calves. No changes were made in prices. The day's sales were as follows: DEVELOPMENT PLAN 0 wt. . 940 . 135 . 385 Pee. S.15 6.00 4.50 Wt. Pee. 18 heifer,. 6!)o $4.25 1 cow 2 cows ..1110 4.00119 calves Jcowa ..1010 a.50123 calvea 1 cow .. .1039 2.001 Prices quoted at the Portland Union stockyards were as follows: Cattle ' Choice steers .: t .S.1 m .... ...... t,uuu aieers . . . . . Fair to medium steers Common to fair steers . . Choice heifers Med. to good cows, heifers! I Common cows Canners Bulls Choice feeders Fair to pood feeders Choice dairy calves . Prime lifjht calves '.' Medium light calves Heavy calves Hogs Prime light Smiith. heavy, 250300 lbV. Smooth heavy, 300 lbs. up.. Fat pigs Fat pigs I"' Feeder pigs Stags, subject to dockage '. Sheep East-ot-mountain lambs ... Choice valley lambs Medium valley Iamba Common valley lambs 8. 5.75 6.2 5.25 5.75 3.75il 6.25 4.50 4.75 3.50 4.00 1.50IS1 2.00 1.50 2.00 3.000 4.25 5.00 5.50 4.00 fiS 5.00 8 00 8.50 8.00 8.50 7.50 8.00 4.00 7.00 9.00 9.25 8.00. 9.00 7.50I&) 8.00 8.50 9.00 8.50 9.00 8.50 9.00 4.50 6.00, 10.5012.00 10.5012 00 9. 50 (J! 10.50 Portland Banker and Farm Expert Tells Needs. MARKETING BIG FEATURE Cull lambs Light yearlings Light- wethers . Heavy wethers Ewes , 50 9.50 6.75(3) 8.50 9.00 9.50 7.50(5; 8.50 7.00 7.50 2.00 6.00 Chicago Livestock Market. CHICAGO, Dec. 9. (U. S. Dept. of Agriculture) Hogs 7500; active, strong to 10c higher; bulk, 190-pound averages to 275-pound butchers, $a.358.40; top, $8.45 on 170 to 185-pound averages; bulk packing sows, $7.508; desirable Pigs around $8.35; estimated "holdover, 2000; top, $8.45; -bulk sales, $8.158 40 heavyweight, $8.208.40; medium weight, $8.30 8.40; light weight, $8.308.40; light light, $8.258.40; packing sows, smooth, $7.60 8; packing sows, rough, $7.357.65; killing pigs, $8.258.40. Cattle 1000; compared with week ago, beef steers and better grades butcher she-stock, unevenly 2575c higher; me dium grad, beef steers and good to choice beef heifers reflecting most ad vance; extreme top long yearlings and matured steers fed with show cattle, $13.65; lower grades beef cows and heifers, steady to 25c lower; canners and cutters, 35 40c off; bulls, weak to 15c lower;-veal calves, 50 75c higher; stock- era and feeders, largely 25c higher: week's bulk prices follow: Native beef steers, $S.4010.o0; western grassers, $6.257.25; stockers and feeders, $5.75 8; beef cows and heifers, $3.756.75; canners and cutters, $2.6o3.25; veal calves, $9.259.75. Sheep 5000; compared with week ago, fat lambs about steadv: best vearlinu wethers,- 25c lower; sheep steady to 25c higher; advance mostly on heavy kind; feeder lambs, 85c to 50c higher; closing top fat lambs, $15.50 to city butchers and packers; bulk, $14.7515.25; culls. steady at $U11.50; desirable 90-pound shorn -lambs, $1.3.50; good 9o-pound fed yearling wethers, $12.80; heavy fat wes, $5 6; lighter weight quotable up to $7.75; week's top feeding lambs, $14.60; bulk, desirable kind, $1414.50. Scientific Agriculture Backed b? Commerce Body Programme Promises State Relief. State devie'lopment is regarded by I. D. Hunt, vice-president of the Ladd & Til ton bank, as the most important feature of the campaign to better conditions in Oregon, inaugurated by the Portland Chamber of Commerce. For several years Mr. Hunt has been studying farm- i Ing conditions in the state and hla in- vestigations have brought him face to : face with the plight of the producers. He is emphatic in his declaration that I something must be done at once to re- i vive this most important industry. Mr. I Hunt indorses the plans of the cham- ; btr, for the carrying out of which a fund of $300,000 will be raised in Port land next week, and gives his views as follows: "The campaign launched by the Port- . hnd Chamber of Commerce is one which commends itself to all. persons who have given serious thought to the development ot this state, as it is a constructive ef fort to correct some of the evils now existing. I am deeply impressed that the most important element of this campaign is that which .is characterized as "state development," and interpret "state de velopment" to mean stabilizing of the agricultural conditions and an earnest utfort to put farming operations on a remunerative basis to those engaged tiitrein. Agriculture Nation's Bulwark. "It is axiomatic that no nation ever has been truly and lastingly prosperous except that the basis of Its prosperity was agriculture. The same is true oi states and cities, and the state of Ore gon will not grow to that position to which its natural resources entitle it, neither will the city of Portland nor the port of the Columbia continue in its growth and expansion, unless the basic conditions of its agricultural interests are on a scien tifically correct and profitable foundation.- . "In speaking of agricultural condi tions, I include alt forms of agriculture, horticulture and stockraising. Tne firsi constructive work that snouid be under taken is that ot improving the existing conditions in our rural Sfctijns. It woulu be foily to attempt to bring new farmers t-j this slate to compete with our present farm population, when the present farm population is in such distress. If we are to lay the foundations of lasting pros perity, we must make those prosperous who are already around us, and having accomplished that, we then will be in a position to Invite others to come and share their future lives with us. Marketing tire at Problem. "Our farmers are not under any handi cap in the production ot products, but quite on the contraary we live in a slate which gives bountiful yields as a iv ward tor industry. In my opinion, the d;fticulty lies in the marketing situa tion. -Therefore, we should strive to find additional markets for- the products ot this state, and then some sensible plan should be devised to permit those mar kets to be reached with a satisfactory l-i of it to the producer. . "Whether co-operative marketing will help solve this question is debatable, but certainiy ' co-operative marketing has Been a great success in California, as I ducks. IS 20c; live turkeys, 3033c; ' , dressed, 35 & 40c; hares, pound, 15 18c; dozen. $2 2.50. Fruit Apples, box. $1.102.75; lady ap ples, box, $2.503.75; avocadoea, Califor nia, small, dozen, $1.50 2.50 ; grapes, crate, $ 1 1. 60 ; grapefruit, $ 2 6. 50 ; huckleberries, pound, 25c only; lemons, $6.508.50; oranges, Vaienclas, nominal; navels, $3.5O4.50; -peaches, crate, 50 75c; pears, box, $12.50; persimmons, flat crate. 75$1.J5; Persian melons, crate, 75c $L25; strawberries, crate. $1.50 2.S5; quinces, box, 75c$L50; tangerines, lug, $3.504. Vegetables Endive, pound, 6055c; mushrooms, pound, 25 40c; artichokes, lug, $2022; beans, pound, 620c; cab bages, pound, llc; cauliflower, dos en, $11.25; carrots, sack. $ljj.l.25; cel ery, crate, $23; cucumbers, English, dozen, $11.75; lettuce, crate. $1.253; beets, sack, $11.25; onions, brown and yellow, cwt., $1.23 1.75 at wharf; green, box. $1.251.50; peas, pound, 1020c; peppers, pound, 69c; potatoes, cwt., 70c$LS5; sweet, pound, l2c: rhu barb, box, $11.50; summer aquash, lug, $1.25 2.00: spinach, pound, 57c, tomatoes, lug, 50c $2: turnips, $1.35 WHEAT. SURPLUS NE EVROPE WILL REQVTRi GRAIX AVAIL4BLE1 With Financial Arrangq ' Made, United Stales Have Decided Advantagl The weekly wheat review of Ll Bryan of Chlcajeo. received by OA Cooke company of this city, foil Developments of greatest potq th market were mainly of a tlve nature and although sentiml a time was rather bearish and thl ket reactionary, the close wltnel revision of ideas w-ith prices from the high points of the sea?j Much of the bearishness was ' 1.75; brusseLa sprouts, pound, 5oc; i suit of declining prices in Liv garlic, pound, 45c; olives, ripe, pound, ; wmcn in turn was aurrouiea to 8c only; chicory, nominal. Receipts! Flour, 1204 quarter sacks; wheat, 2600 centals; barley, 5892 centals; corn, 1700 centals; hay, 172 tons-; hides, 336; lemons and oranges, 1384 boxea. Chicago Potato Market, CHICAGO, Dec, 9. Potatoes Steady: receipts, 31 cars; total United States shipments, 485; Wisconsin sacked round whites, 7'58!5c cwt; Minnesota and North Dakota sacked and bulk round whites, 7080c cwt; Minnesota and North Dakota sacked Ked luver vnio, cwt.; Idaho sacked russets, .o. i, im- branded, $1l20 cwt.; laano aacucu juiio, $l1.05 cwt.; baker rurals. mostly $1.40. No saies reported. Chicago Oil Market. By Chicago Tribune Leased Wire.) CH ICAGO, Dec. 9. Gasoline : Tank wagons, 18c; service stations, 20c; ma chine, 27.7c. Oils: Summer 11.4c; winter, 11.9c. Carbon Perfection, iron barrels, 11 c. Linseed oil, raw, 1 to 4 barrels delivery, 97c; boiled, 99c, Tur pentine, $1.76. Denatured alcohol, 42c. Pacific Northwest Stocks and Bonds. Furnished by Jordan, Co., Portland: Bank stocks Bank of California, N. A.. Wentworth & Bid. Asked. 202 207 hi Hibernia Com & Sav Bk. Lumbermens Trust Co.... Multnomah State bank N. W. National bank Peninsula National bank.. U. S. National bank Public utilities Boise Gas Lt & Coke pfd. . Amer Power & Light pfd. . Cal-Oregon Power Co do pfd Federal Telegraph Idaho Power pfd N W Electric com do 6 per cent pfd do 7 per cent pid Pacific P & L 7 pr cent pf Pacific T ifc T com do pfd Port Gas & Coke 7 pfd.. Fort R -L & P com do 1ft pfd do 2d pfd Puget S P & L com do pfd do prior pref Trnm ' & It'll pt COm.. do pfd Washington water rower Insurance stocks Firemen's Fund Home Fire & Marine Montana Fire Montana Life New World Life Northern Life Or Surety & Casulaty Pacific Mutual Vulcan Fire - West Coast Life Western States Life Lumber, pulp and paper- Aictic Construction Central Coal & Coke com.. do pfd Crown-Will P & P 100 115 185 190 20O 210 290 325 175 190 300 350 150 175 90 100 150 175 135 150 JJ5 ' 136 320 :iio ' 30 40 97 100 9-1'i "oi" 0 7 92 1 97 18 194 80 85 90 96 95 99 64 91 92 96 99 14 16 50 55 40 50 53 57 83 ST 100 104 2 5 25 40 103 107 Argentine offerings and the wlthJ of millers, presumably in antic J of larger supplies and lower priced AM news from. Washington was scrutinized, because of the proposal under consideration to brine relief 1 farmer, one of which calls for a elastic credit system throughout! agricultural district, and the otU broaden the foreign outlet for grail financing, In some way or another, I shipments. President Harding's address- to I gress was accepted as a very constr l document and likely to have consldJ bearing on the market. There is no denying that we w-1 conironiea with, more competitloii world trade for the,, next few mrJ wnn tne crops of the southern phere cominir on the market, but If I and means can be devised of givinJ importing countries of Europe timl pay we win nave an unquestionable vantage. As it is, Europe's acknowtel requirement would make it appear I the surpluses of all countries wll taKen before the end of th season. The Argentine supply remains anl Known quantity, estimates ranging 140.000,000 bushels to as high as 000.000 bushels. There also is cons 'I able doubt as to whether the Uij btates surplus will be as laree as mated earier in the season, in vle the Increased domestic disappear! aunng tne live months from July December 1. Supplies have not accul lated at any point and with wheat clearing from the seaboard in larger ume. tne visible Is very likely to di; isn irom week to week. Coffee Futures Market Quiet. NEW YORK, Dec. 9. The market I coffee futures was very quiet today tne price movement correspond! n narrow. It closed net unchanged I two points lower; ten lots of Mnl were exchanged for July at 62 noi Including which sales for the day vM estimated at only 8000 bags. Dec! ber. 9. mc; January. 9.56c; March. 9. ' May, 9J2c; July, 8.82c; September. 8.: Spot coffee dull; Rio 7s, 11 ced Santos 4s, 1515c 330 Naval Stores. . SAVANNAH, Ga,, Dec. 9. Turpenti firm; $l..id; sales, i"4 barrels; receiri 261 barrels; shipments, 11 barrels; stoJ 13.K!H barrels. Rosin, firm; sales, 1082 barrels; ceipts, 1082 barrels; stock, 111,314 i-i rels. Quot: B, D, K, F, G, H, I, K, $5. J M, $5.45; N, $5.55; WG, $5.80; w $H.nn. Leading futures ranged as follows: WHEAT. Open. High. San Francisco Livestock Market. SAN FRANCISCO. Dec. 9. fFederal- State Livestock Market News Service.) Cattie Beef steers, good grade, $7.758; medium grade, $7 7.50; common grade, $07.50; beef cows, good grade, $5.756; medium grade, - $5.255.50; common grade, $45; canners and cutters, $2 i.ov; bologna bulls, $4.50; calves, l-0 to 200 pounds, good and choice, $7.25 7.50; 200 to 250 pounds, good and choice, $77.25; 250 to 300 pounds, good and choice, $6.757; over 300 pounds, $5.50 6.50. Hogs Good and choice grain fed Cali fornia, 150 to 200 pounds, $10.2510.50; 200 to 250 pounds, $9.5010; ,250 to 300 pounds, $8.509; over 300 pounds, ?7.5G 8; smooth sows, 250 to 300 pounds, $6.50 7; rough sows, 250 to 300 pounds, $5.506; over 300 "pounds, $4.505.50. Sheep and lambs Full-wooled lambs, good and choice grades. $13.5014; me dium grade, $12.5013.50; ewes, - me dium and good, $5.5O6 50; wethers, me dium and good, $8.5010. - Kansas City Livestock Market. KANSAS CITY, Mo., Dec. 9. (U. S. Department of Agriculture. ) Cattle 1200; for week, fat she-stock, weak, to 25c lower; canners, 5075c lower; calves, mostly 50c higher; stock sows and heif ers, fully 25c lower; all other classes mostly steady to strong; top steers, $13.85. Hogs 2000. fairly active, steady to 5c higher; packer top, $8.25; shipper top. $8.30; bulk average, $8.158.25; bulk of sales. . $8.05 "6.1 8-25; packing sows steady; mostly $7.50. Sheep 2000; for week, lambs mostly 50c- higher; top, $14.85; sheep, mostly 25c higher; feeding lambs, strong to 50c higher. Omaha Livestock Market. OMAHA. Dec. 9. (U; S. Department of Agriculture.) Hogs 7500, market mostly 510c lower: bulk mixed and packing grades, $7.158; bulk. 180250 pound hogs, $8.058.15; top, $8.15; bulk of sales, $7.858.15. Cattle 425; compared with week ago, cornfed steers and yearlings steady to strong; top yearlings, $12; others, steady; she-stock, 1525c higher; bulls, weak to 25c lower; veals, 50c$1.25 higher; stockers and feeders steady to weak; canners and cutters steady. Sheep 2000; compared with week ago, fed wooled lambs, 75c higher; clipped lambs about 50c higher; yearlings, steady: sheep, steady to strong; feeders, 50 60c higher. Seattle Livestock Market. SEATTLE, Dec. 9. Cattle Steady; no receipts.. Hogs Steady; receipts, mi. QUOTATIONS ON DAIRY PRODUCTS Coast and Eastern Markets for Butter, Cheese and Eggs. SAN FRANCISCO, Dec. 9. Dairy pro duce exchange closed. NEW YORK, Dec; 9. Butter Steady. Eggs Steady; Pacific coast whites, extras, 6tto7c; do. rirsts to extra ursts, 61 65c. Cheese Firm. Poultry Live, steady; unchanged, dressed poultry steady, unchanged. CHICAGO, Dec. 9. Butter Higher; creamery extras, 55Hc; standards, Slc: extra firsts, 51541fec; firsts, 4850c; seconds, 44 46c. Eges Unchanged; receipts, 7737 cases. Poultry Alive, unsettled; fowls. 13 20c; springs, 19c; roosters, 13c; turkeys, 25c; geese, 18c. fin ofd A pr.K!., Th nrnrtur t,s rrlrlv iiKJrih,lt Hawley Pulp & Paper his products, thereby keeping a reason ably uniform price throughout the year, instead of compelling the producer to sell at the moment of harvest and allow others to " reap the benefits of his in dustry, who may have the facilities to finance and1 to warehouse or otherwise withhold commodities from distribution until such time as the market will be normally receptive of the products at a legitimate profit. "I understand that the Oregon Agricul tural college is offering Portland Cham ber of Commerce its facilities and the benefit of its staff in the study and solu tion of markets and marketing for the producer. This should result in some con crete and beneficial plan. Mav . 1.17 1.20 July 1.08 K 1.094 CORN. Dec. May , July , DC . May July . Jan. May Jan. May . ..70S. .72 . .69 7i .71 . .69 .70 OATS. . .44 45 14 . .4314 .44" . .40 .41H LARD. 10.07 10.30 10.20 10.30 Low. Close. $1.19 ft $1.23 1.17 1.20 1.0814 109 .70 .72 .69 .71 .694 -70' .44 .45 .43 .44 V. -40 .41 10.20 10.20 SHORT RIBS. 10.25 10.25 9.70 0.70 Cash prices were: Wheat No. 2 red, $1.33L33 No. 2 bard, U.23. - -. - - -Butter and eggs, SEATTLE, Dec 9.- uncfaanged. CHICAGO, Dec 9. Thft butter mar kets moved to a firmer position as the result of light domestic production and failure of reported large imports to ma terialize, according to the weekly butter review of the bureau of agricultural economics of the federal department of agriculture, made public today. The New York. Boston and Philadelphia mar kets closed at a net' advance of 1 cent. The Chicago for 92-score closed at 55!4c. while New York closed at 54 c, Boston at 54 and Philadelphia at 55c. Several cars of Canadian butter continue to ar rive in New York and seven or eight ears of California butter are moving east, -Uia report said. - Dairying Needs Promotion. "Oregon is one of the best dairying sl-ites in the union, many world record producing cows being found in this state, yet last year Oregon did $25,000,000 worth of co-operative marketing of its dairy products against $100,000,000 worth 4n California; it being admitted that Cali fornia has not the climate nor oiher conditions to warrant any such pre ponderance in its favor. "Last year California co-operatively ; marketed $350,000,000 worth of its prod- '. ucts; during the same time Oregon co operatively marketed $7,000,000 worth of its products. The great difference lies Hi the fact that the people of California have had successful co-operative mar keting associations around them for years and they know the benefits of co-opera-tlcn. I doubt very much if there is any troduct produced in California that is not dealt in by co-operative organiza tions. "Another benefit accrues to those who form co-operative marketing organiza tions, In that they create a financially responsible company which is enabled to secure financial assistance from the large banks, consistent with their require ments. " Banks Willing to Awtet. . "I do not believe that there is a bank m the city of Portland but that is will ing and anxious to help farmers and to finance their seasonal output, but the difficulty lies in the fact that the farm ers and the city banker rarely meet, and very often the farmer is so remote from the city bank that a well-conducted city bank cannot intelligently lend its money to those entitled to such credit. This ob jection, however, is removed by co operative marketing organizations, for they generally are conducted by business men with business and financial exper ience, and through them the farmer is tormitted to obtain all the financial credit which his condition will justify This is evidenced by the large amouni of money loaned by the Portland banks during the last year to co-operative marketing organizations now functioning in this state. "I also understand that the Oregon Agricultural college -will co-operate in this movement by demonstration of the latest ana most hucuuuu mci.wuo -f nrming, including drainage, irrigation, fertilization, rotation of crops, soil analy sis, and the like. If this service can be brought to the farmer it Is to be hoped that many will emulate the experience , of one of the successful farmers in the Willamette Valley whose recora has neen related to be, substantially as follows: "This farmer inherited his farm nine ypars ago, consisting of something over 200 acres. The first year that he op erated his farm he grossed $1000. After, taking out his taxes, living expense and the cost of production of the crops, he found that he nao. no income ior ma labor and no interest on his investment. Sale Management Studied. "No depreciation was allowable for his farm equipment or improvements. This farmer realized that he could not con tinue under such conditions. He then began to study soil management, new narkets and marketing conditions for his products, and last year, under difficult labor conditions and increased cost of conducting the business, this same farm er grossed $32,000 from his farm. To my mind, this" only proves that our funda mental conditions of- soil, climate and ether factors entering production, are sc-und. The difficulty lies most especially in markets and marketing conditions. "The Portland Chamber of Commerce assumes a tremendous tasa ana is uui offering an immediate panacea ior an evils, but if the movement is funda mentally correct and intelligently con ducted, it is my opinion that it will not be many years until the entire state and every one living therein will reflect the improved and improving conditions re suiting from profitable agricultural op erations." x SAN FRANCISCO PRODUCE MARKET Prices Corrent on Vegetables, Fresh FniUs, F,tc at Bay City. SAN FRANCISCO, Dec. 9. State.dt vision of -markets.) Poultry Fryers. 26 30c; broilers, 2635c; young roosters, 212sCi old,, MloCi -feeus,. 1&30c; Mult Lbr & Bx spe com do 10 pro Oregon Pulp & Paper com. do pfd Pacific Box pfd . Peninsula Lumber pfd Tum-A-Lum Lumber com. do 870 prd do 10 Pfd Wash Pip & Ppr com do pfd Weed Lumber com Miscellaneous Aero Alarm com do pfd Alaska Steamship Alaska Packers Albers Bros com do pfd American Chain com do pfd Amer Nitrogen com do pfd American Typefounders com do pfd Assoc Engineering Corp com do pfd 26 27 40 50 20 25 12 13 3 25 1 40 105 115 610 600 15 16 i 3 4 14 16 ' 37 42 79 82 79 85 400 98 100 210 50 65 80 82 100 115 95 100 80 90 9," 102 75 85 95 105 100 110 45 55 75 90 125 150 150 150 42 50 81 84 140 145 45 51 75 80 95 100 95 105 12 20 52 55 96 100 50 65 60 75 107 115 4 4 2 4 2 3 3 5 30 47 52 92 97 3 ' 6 97 100 97 102 97 105 27 27 23 34 25 L 72 75 50 55 90 97 1 55 67 85 95 90 100 88 90 15 22 1 50 60 86 90 1 100 115 50 LOCAL SECURITIES WAWTKD 30 Pacific Power & Ijight, pfd. 20. Portland Gas & Coke. Dfd. $25,000 Washington-Idaho bightl & rower, bs. FOR SALE: 50 Lumbermen's Trust Co. 16 Albers Bros. pfd. 10 Luckel. Kins & Cake. 10 Western Bond &'Mortgage. 10 Smith & Bowlbv Furn.. Dfd. 11 Smith & Bowlby Furn., com. 4 Portland Vegetable Oil. 3 Portland" Ky. Light & Power prior rtd. Our Local Department for the resale of unlisted securities of merit is indispensable to holders 01 tnese shares. Highest prices obtainable any where. Direct private wire to B. P. Hnt ton & Co., member), New York ' Stock Exchange. Coast Tire com Dennos Food of Seattle . . . Dennos Food of Portland Denny-Renton Clay at coai Fairbanks-Morse com do pfd Federal System Bakeries . . Fidelity Security Corp Fisher Flouring Mills pfd. Fieishmann Co pfd General Petroleum com . . . An Tf1 Goodyear Tire & Tt pfd Cal Graton-K.nignt juib. tuui An nfrl Gr Northwestern Live Units Hartman Co J Li gen pia do redeemable pfd . . . Holt Mfg Co 1st pfd Idaho Gold and Ruby . . . Lilly Co Chas H pfd . Luckel King & Cake fnroaTt Twins' Oregon Port Cement Units 90 Oregon "Worsted. Mills 85 Owl Drug Co com 70 do pfd 1J3 Pacific-Alaska Navigaiton . 00 Pacific Car & Foundry .... 65 Pacific Coast Biscuit .... llo Pacific Coast Co com 12 do 1st pref 30 do 2d pref -o Pacific Portland Cement Palm Olive Co. 7 pfd ... 37 Paraffine Co's pfd 4 do com -0 Portland Cattle Loan 50 Portland Feeder Co 80- Portland Realty Associates .. Portland Vegetable Oil 80 Refrigerator Car Equipment 10 Reid Bros com 90 do pfd 87 Santa Cruz-Portland Cem.. 96 Sperry Flour Mills com 4 Pfd 5; Skokum Co com 00 do pfd 7j Superior Portland Cement. 98 Todd Shipbuilding 58 Union Oil of California 1884 Utah Idaho Sugar Union Oil cal Associates., jio Washington B L & S B pfd 15 "Western Auto Parts com .. 11 do pfd 7 Western Auto Supply 12 Western Bond & Mortgage 85 Bonds ilhers Bros 7As 1942 99A Assoc Oil 1st Mtge os 1932 98 American Pow & L 8s 1930 10614 Associated O 1st ret 5s 1930 99 hi Broad-Tarn Blag TAs lyzo iuv do 7V,s 1926 102 California-Oregorf Power 6s 97 do 714s A 106 Central-Pacific 1st 4s 90 do stocks 4s li City of Astoria 6s 1927-42 . 100 -City of Tillamook 5s 1942,10014 Denny-Renton 8s 1929 100 Federal Teleg 7s 1923-27. . 92 Federal Petrol 1st Mtg 7s. 10414 Home T & T Spo IstMtg 5s 84 Idaho Power 1st 5s 9214 Morgan Bldg 7s 1926 99 North Elec 1st mtg 6s 1936 100 Ore-California 1st 5s 1827 99 Ore R R Navigation 4s 1946 89 Ore Elec 1st mtg Os 1936 ... Owl Drug 6 notes 99 Pae Coast Biscuit 6s 1933 90 Pac Power & Light 5s 1930 90 do 8s 1930 105 Pacific T & T 5s 1937 97 do 6s 194S 9114 do 5s 1952 ..." 97 Ptttock Block 6s 1940 93 Port of Astoria 5s ' 96 Portland Gas & C 5s 1940 9214 do 7s 1940 10414 do 5s 1951 92 Sou Idaho L P 7s 1925.. 91 Sou Pac 1st ref 4s 1955.... 85 do 20 yr convt 5s 1934 ... 83 Sperry F M 1st mtfr s 1934 96 Santa Cruz-Portland C bslOrt Union Oil California 102 Wash Ida W L & P 6s 1941 85 Willam Valley Sou 6s 1933 88 dp R D AN - Vie NT W O RTH &f& TO 1ERWW & fMODEH iwC '. TOCKSandBONOS) . Broadway 4725. 100 100 iio' 73 75 135 18 40 26 98 102 88 23 90 20 96 93 103 56 100 70 85 103 64 190 5 177 25 1214 814 15 103 10114 10014 108 10014 103 103 99 108 9114 70 10114 10214 10114 95 10514 9614 95 102 10114 100 90 5714 100 95 94 106 98 93 98 96 99 9414 10514 93 94 87 . 85 98 103" 43 . 90 Bond Issues WHERE LARGE SUMS ARE REQUIRED, WE ARE PRE PARED TO CONSIDER PR0 P0SALS INVOLVING IS SUING OF BONDS, OR PRE FERRED STOCK, BY PUBLIC UTILITIES, RAILROAD, TIM BER OR OTHER INDUSTRIAL CORPORATIONS HAVING A SUCCESSFUL RECORD BACK OF THEM. FEAR & GRAY 102 Fourth St. OVERBECK & COOKE CO. BROKERS Members Chlcaaro Board of Trade Board of Trade Bldg;., Portland. Pendleton, Walln Walla. Or. Wash. Direct Private Wlrea to LOGAN & BRYAN JVew York and Chicago. MEMBERS New York Stock Exchange. Chicago Stock Exchange. Bon tnii Stock Exchange. Chicago Board of Trade. New York Cotton Exchange. New Orleans Cotton Exchange. New York Produce Exchange Winnipeg; Grain Exchange. Swtft A Co. Storks. Swift & Co. stocks ot Chicago as re ported by the Overbeck &. Cooke com' pany of Portland: Swift & Co 107 Libby, McNeil & Libby 7 N'atinna.l T -pat her "iVt SUCCESS In the Stock Market FORTUNES Made Mm Small Investments ifrite for Free Booklet, The Most Simple Explanation of Profitable btock Trading. We i;aarantee yon that your money U sate and that yon get a fcquar deal. Kennedy & co. Est. 1884. 74 Broadway, New York Membeto Consolidated Stock Exchange. TRADE SAFELY B IX THE STOCK MARKET :o shares A-i Unlimited i?oVJk IPIU Profits. Any Stock Exchange Issue '20 caIII $40 Write for Booklet 71 Krcc C. GOLDHURST & CO. Largest Put and Call Dealer In U. 8. 50 Broad Street, New York