THE SUNDAY OREGOXIAX, TORTLAXD; DECEMBER 17, 1922
- 22 '
e
S
Demand Not General but
Tone Is Improved.
PRICE MAY BEAT BOTTOM
Tanners Show Signs of Resuming
: Operations; Low Bids on
Calfskins Refused.
There Is nothing like reneral activity
In the hide market .at any point, but
there are some signs of reviving de
mand in the east. This small improve
ment Is not reflected In any way in the
Portland trade.
After five consecutive weeks ot dull
ness in the eastern packer hide market,
tenners are showing a disposition to re
sume operations. Small lots aggregat
ing about 16,000 September-October-November
all weight native cows were sold
at St. Louis and Chicago at 16 and 16
cents. These prices are regarded as ex
ceptionally good, considering the fact
that recent bids on Chicago big packer
light native cows have been down to 16c
and the smaller packer native cows sold
ran mostly lightweights. Packers are
nominally listing selling prices of five
weeks ago on other lines, but such fig
ures are strictly nominal, as the decline
in River Plate frigorifico hides dis
counted the domestic market.
Trading In country bides has been
limited everywhere, but the trade be
lieves the market Is at bottom. Calf
skins are steadier in the big markets
With sellers not Inclined to accept low
kids.
Foreign hides have remained generally
quiet While there was some former
steady business In River Plate frigorl
ficos at gradually declining prices, ex
change rates, working to the disadvan
tage ot buyers, are restricting further
trading. Latest dealings in Argentina
steers were at $53, Argentina gold per
100 kilos, the equivalent of around 214c
to 22c. c and f. per pound sight credit
basis for Swift La Platas. In Monte
videos, Artlgas brought $55 on a former
trade, which figures out at an equiva
lent of 2114 c to 21 He. Regular buyers
of common varieties of Latin-American
dry hides continue as much out of the
market as ever, refusing to give any idea
of what they might consider as trading
prices.
GAINS IN CLOTHING INDUSTRY
Trade Is Larger and Prices Firm on
Advancing.
Four months ago it seemed probable
that the 'fall would bring definite Im
provement in the clothing industry, in
large part because of relief from the re
tarding Influence of the various labor
troubles. Special reports received by
Dun's Review Indicate that this improve
ment has developed, though it may be
due somewhat to the seasonal holiday
demand, which has been noted rather
earlier this year than usual. Warm
weather during the fall delayed the
purchase of seasonable goods to some
extent, but the present demand Is gen
erally saltsfactory. Production shows an
increase in many centers. Prices In most
lines are advancing.
Some gains are evident In the sale of
cloaks and suits, especially cloaks, but
improvement in this branch Is by no
means uniformly reported. Trade in in
fants' wear is increasing and is already
about 28 per cent better than it was
a year ago; prices are firm. Liberal
advance orders for spring are reported
In both infants' wear and men's and
boys' clothing; the latter branch also
shows Increased sales and firm or ad
vancing prices. A good demand for over
coats for Immediate delivery is evident
in two or three centers. Collections for
the trado in general are much better
than they were last spring.
srrrZENBERG apples in demand
Supplies In County Closely Cleaned Up;
. - Oregon Fruit at Auction.
There was a good local demand for ap
ples, particularly Spttzenibergs, which
were quoted at 1.262.25 according to
crada and size. Spltzenbergs are well
cleaned up in -the country. Moderate
stocks are held In storage here.
Oregon apple sales at eastern auctions
were:
At Chicago Delicious, extra fancy,
large, 2.25; medium, 33.05; fancy large,
$1.80; medium, J1.60l.d5. Ortleys,
fancy large, il802; medium, 11.652
small, 3165. Spltzenbergs, extra fancy
large, I2.ua; medium, 31.60.
At New York 440 boxes Delicious, ex
tra fancy large to very large, 12.302i
small to medium, $1.602.10; fancy very
large, 32.10: small to large, 3L301.75
choice, L20L&5.
WHEAT STRONG AT WEEK'S CLOSE
Exporters In Market With Not Much Of
fering. The wheat market was very firm at
the close of the week with continued de
mand from exporters and mills and not
much' offering. Club was quotable at a
range of J1.25 to 31.27. All bids were
unchanged at the Merchants' Exchange
session.
Coarse grains were also firm at Fri
day s quotations.
At Chicago, wheat had a downward
swing at the opening, but later recov
ered. The government report showed a
big increase in winter wheat figures over
the preliminary statistics and commis
sion houses which had bought Friday
in anticipation of reduced crop prospects
were compelled to liquidate. There was
a good class of buying on the break and
SHIP IMMEDIATELY
Prompt returns and no commission.
Today's market prices for top qualities:
Dressed beef. 8c.
Dresaed mutton, 12c
Dressed lambs, 15e to 20c.
Block host, 13c.
Teal, 13Vjc.
- Heavy veal np to 300 lbs., So to 10c
Dressed turkeys, 30c to 38c
Live geese, 18c to 20c
Dressed geese, 20c to 22c.
Live docks, 20c to 22c.
Dressed darks, 22c to 25c.
Live heavy hens, 22c.
Dressed heavy hens, 25c.
- Licht and med. hens. 14c to 18e. live.
'Light and med. hens, 18c to 22c, dressed.
'"THANK L. SMITH MEAT COMPANY.
"Fighting the Beef Trust."
; ' New location, 107 Front Street.
' Portland, Oregon.
INTELLIGENT PRODUCE
MARKETING
m cutis hlKher returns for farm produce.
Quit old hit-or-mlss plan and try our
new methods before sending any produce
to marei. ni.o, nuu uut wuea nu
how to ship. Results will surprise you.
Our 17 years' experience is at your
RUBY" & CO.. 215 FRONT STREET
PORTLAND. OR.
TURKEYS WANTED.
We require a large number of
Pressed Turkeys, Ducks and
Geese for Xmas.
Ship at once, market price, spot
cash; no commission.
SINCLAIR PROVISION COMPANY
475 Everett St.. Portland, Ore.
RENEWED
IE
the market underwent a complete re
covery, with the finish near- the best
figures of the session. News from Ar
gentina was more bullish and there was
an estimate by the wheat pool of Aus
tralia that the exportable surplus of that
country would not exceed 82,000,000
bushels. Liverpool also showed strength
and France was reported to have pur
chased some wheat for the first time
In weeks. Bulls also placed faith in
rumors from Washington that the gov
ernment would probably give aid to
Germany to prevent a financial col
lapse. The Chicago wire to Gray-Rosenbaum
Grain company follows:
"Bearish government report caused
weak holders liquidating lower opening,
which strong holders absorbed, causing
sharp advance towards close. General
conditions remain decidedly bullish, very
encouraging to holders. Sold durum
wheat today better prices than recently.
Believe Europe take advantage all weak
spots to buy cheap wheat. Anticipate
further advance."
Liverpool wheat closed d lower.
The International Institute of Rome's
revised estimate shows a world export
surplus ot 950,000,000 bushels and im
porting countries 'requirements of 623,
000,000 bushels. -
Ruasel's News says: "The total acre
age sown to fall wheat In Canada on
October 31 was estimated at 8,263.000
acres, a decrease of 42,200 acres from
last year. The seeding of winter wheat
in Algiers and Tunis is progressing rap
idly favored by the latest rainfall
Germination in the central province of
British India is good and the condition
of the crop in the western region has
been benefited considerably by recent
rains. In European countries, sowing has
been delayed by excessive rains but is
now progressing under more favorable
conditions.'
Terminal receipts, in cars, were re
ported by the Merchants' Exchange as
follows:
Wht Bly. Fir. Cn. Ota Hy.
Portland. Sat. 29 8 5 ... 2 7
Tear ago 133 2 12 9 3 7
Sea'n to date. 11705 353 892 S38 413 995
Year ago 18983 135 1212 269 5:10 902
Total this w'k 247 9 37 8 8 52
Year ago . 1160
62 IS 17 54
ffacoma, Fri.. 23
Year ago .... 13
Season to date 3835
Year ago .... 6354
Seattle, Fri... 29
Year ago .... 21
Season to date 4973
1 ... 2 ...
. . 1
21 830 207 87 3.")7
78 835 127 83 475
4 5 1 20
1 15 1 1 3
27 1373 651 329 8S2
Year ago ....
Astoria, Fri.
Season to date
4792 125 1262 488 275 912
TURKEY SUPPLIES SHIPPED NORTH
Local Stocks Clean I'p at Close ot Week;
Egg Receipts Larger.
Shipping orders from the north and a
limited amount of local buying cleaned
up the dressed-turkey market. Sales
were made at 37 and 38 cents. Word
was received from Idaho and Eastern
Oregon of the shipment ot two cars to
southern California.
There have been liberal receipts of
dressed chickens lately and these could
not all be moved. The market Is full
of capons for which there is little de
mand. Live poultry was steady.
Egg receipts were larger and the mar
ket was easier at the close.
Cube butter was firm and cleaned up
readily.
ADVANCE IN JXOUB IS DUE
Rolled Feeds Quoted One Dollar Ton
Higher.
The flour market is strong and a gen
era! advance of 20 cents a barrel ii
probable at the opening of the week un
less there is a reaction in wheat. Buy
ing in the past few days has increased
materially.
Mill feeds of all kinds are also strong.
The demand for millrun has been stimu
lated by the wintry weather and stocks
are small. Rolled barley and rolled oats
Onion Shipments Cease.
A few cars of onions were snipped out
before the snow, but none since. The
movement will not be resumed until at
least a week after the storm is over.
Growers prices are unchanged, but there
is a shortage on the local market and
jobbing quotations are higher at $2.50
for the best.
There is no improvement in the potato
market here or elsewhere.
Bank Clearings.
Bank clearlturs of the northwestern
oltles yesterday were as follows:
Clearing. Balance.
Portland ' J5.864.513
Seattle 5.358,147
3 964.924
1,171, f63
579.530
Spokane 2.430.8S4
Ta-coma transactions
2.966.000
Clearings of Portland. Seattle and Ta-
coma for the past week and correspond
ing weeit in lorme-r years were:
Pnr-Martrt Mu,,ls Tan
1922.. 335 377.350 135.S14.O50 316.010.000
1821.. 3S.N82.752 32.134,540 3.284,121
1920..
1919..
19W. .
1917..
4S,8h7,718 88,040.330
38.101,758 45,992,412
3.7-37,554 3SI.8S2.0S6
19.502.083 26.95S.204
8.001. 830
4.012,995
5.329.486
4,090,314
2,830.406
1,792.975
1916.. 13.018,180 18,340.947
1915.. 9.361.103 9.845.083
1914. .
19-18. .
1912. .
Mil..
1910. .
8,200,929 7.632,115
8,748.176 10,348.213
9,597,157 IO.XI'5,018
7.81M.543 10,017.640
7.880,321 8,553,883
1. 350.040
2.550.383
3.320.246
3.942.197
3,503,154
Transactions.
PORTLAND MARKET QUOTATION'S
Grain, PI our. Feed, Etc.
Merchants Bxchanre. noon session:
Dec. Jan. Feb.
Wht Bid. Ask. Bid. Ask. Bid. Ask.
H. W... 31.50 3 31.50 $ 31.50
S. W... 1.25
1.25
W. W. . 1.25 .
1.25
1.25
H. Wi. 1.20
N. S... 1.21
Oats
38 Nat. 35.00 35.00 35.00 ....
38 Nat. 37.00 38.75 37.50 88.73 37.00 38.75
Corn
2 E. T. 34.00 35.00 33.50 35.00 33.50 85.00
3 E. T. 32.50 34.75 32.50 34.75 3 2.50 34.75
Millrun 31.50 81.50 31.50
FLOUR Family patents, 37.60 per
barrel; whole wheat, 6.80; graham,
18.60; bakers' hard wheat, 37.10; bakers'
bluestem patents. 37.35: valley bakers'.
o.l; straights, IS.8S.
MILLFEED Price f. o. b. mllh mill
run, ton lots. 335; middlings. 347: rolled
barley, 342044; rolled oats, 345; scratch
xeea, S49 per ton.
CORN White. 342: cracked. 344 per
ton. v
HAT Buying prices, f. a. b. Portland:
Ainura, izotszi per ton; cheat, 320;
oats and vetch, $22; clover, 320; valley
timotny, izz: eastern Oregon timo
thy, J23. j
Batter and Country Prod see.
BUTTER Cubes, extras, 46 47c pound
prints, parchment wrapped, box lots, 61c
cartons. 62c Butterfat. &3c delivered
rortlana; ooc station buying price.
n.uus Buying prices: Henneries, 47c
mixed colors. 45c: Duileta 40 S42c. Sell
ing prices: Front street, candled ranch.
wMc: selects, 63 to 55c: pullets. 45c; as
sociation selects, &5c; association firsts.
Mt; association pullets. 45c.
CHEESE Tillamook triplets, price to
joooers, z. o. b, Tillamook, 30c; Young
America, oic; longnorns, 31c pound.
POtJLTP.Y Hens, 14 22c: springs.
lifivc; oucka, white, 18020c; geese,
18c; turkeys, alive. 27 0 28c: dressed.
choice. 8i ibc
VEAL Fancy, 12V4c per pound
PORK Fancy. I3c per pound.
Fruits and Vegetables.
Local Jobbing quotations: '
FRUITS Oranges, navels. 3405.50 box
Japanese, 32.25 per bundle; lemons, 390
lo box; grapeiruit, 3d.7o0i.5O box; bana
.tas. lOViSllVie lb.; casabas, 204c lb.
pears, 3202.50; grapes, 9010c pound
pples, 75C0J2.5O per box; cranberries.
si.ao per barrel, in per half-barrel box,
7 07.80 per third-barrel box.
. OfATUKS Oregon, 60090c per
ack; xakima, B5c 471.51) per sack; sweei
potatoes, a 4c pound.
ONIONS Oregon, 32.2502.50 per sack.
veuktabLiES cabbage, 2"Ac per lb.
lettuce, 34.2503.25 per crate; garlic, 15
&2Uc lb.; green peppers. 25c lb.: toma
toes. $4.50 per box; Hubbard squash.
iozc iv.; oeets. i.40 per sack; tur
nips, 3202.25 per sack: cauliflower,
$2.2a per doz; celery, $505.50 crate
pumpkins, IK 02c lb.; carrots, $1.50 per
sack; artichokes, $.a per dozen; sprouts,
15017c pound.
Staple Groceries.
Local jobbing quotations:
SUGAR (sack basis) cane, grann-
lated, 8c pound; beet. 7.80c pound.
NUTS Walnuts, 15 0 30c per pound:
Brasil nuts. 13015c; almonds, 1640
28c; peanut, SfeSftc; filberts, 19025c;
pecans, 30c; chestnuts, 160c; hickory.
14c per pound.
RICE Blue Rose, 66!4c lb.
COFFEE Roasted, bulk, in drama
20&39o per pound.
SALT Granulated. barrels. 32.600
2.65; half ground, tons, 60s, 317; 100a
lie.
DRIED FRUITS Dates, llo per
pound; figs, 152io per pound; apples,
1214c per pound; peaches, 15c; prunes,
13c; apricots, 2714 81c. .
bisass Small white. 8c: nink. 7ttc:
red, 614c; lima, 1014c lb.
nvn.x 4.au5.25 per case.
Provisions.
Local jobbing quotations:
HAMS All sixes. 25227c per pound:
skinned, 2027c; picnicl617c; cottage
roil, 26c per pound.
BACON Fancy. 3Sffl42c: choice. 29ffl
82c; standards, 27 28c
LARD Pure, tierces, 16c: shortening,
14c pound.
DKY SALT BACKS 20 023c: plates.
18 cents.
Hides, Hops, Etc
HIDES Salted hides, all weights. 10c:
green hides; all weights, 8c; salted bulls.
14c; salted or green kip, 11c; hair-slipped
hides and skins, half price; flint dry
hides, 15c; flint dry calf and kip, 15c;
dry salted hides, 12c; culls and dam
aged, halt price. Horse hides, green or
salted, each, 322.50; colt skins, 50c
(1; dry iiorae, !ocl with maae and
tail on.
SHEEP PELTS Dry shp pelts, long.
23c; dry sheep pelts, short, 11 Vic; dry
sheep pelts, pieces, ll'Ac; dry shearlings,
each. IScpZac; saltea pelts, long, each
S1Q1.50; salted pelts, short, each ?5c4
$1.25; salted shearlings, 105Oc; salted
goats, long, $12; salted goals, short,
50c 31; dry goats, long, per lb., 13c;
dry goats, short, each 25050c; goat
shearlings, 10020c
TALLOW No. 1, 65 c; No. 2. 4 14 a
3c per pound; grease, 8 04c per pound.
CASCAKA BAtit new peel. c per
pound; old peel, 8c per pound.
OK !-. liO.N UKAra uux i'er to., 7c '
HOPS 1922 crop, 7c per pound.
WOOL Valley wool, tine and half
blood, 35 0 40c; three-eighths blood, 320
35c; quarter blood, 30 32c; low quarter,
10427c; matted, 22025c
MOHAIK Long staple, 45c. delivered
Portland; short staple, 40c; burry, 25c
per pound.
Oils.
LINSEED OIL Raw. In barrels. 31.10;
5-gallon cans, 31-25; boiled. In barrels,
(1.12; 5-gallon cans, 31.27.
TURflSNriKis in arums, si.w. 5-
gallon cans, 3107.
WHITE LHAU luu-pound Kegs, 13140
per pound.
gasoline Tank wagons and lros
barrels, 25c; cases, 26c per gallon.
DISTILLATE Tank wagons and iron
barrels, 18&c per gallon.
Cottonseed Oil.
Cottonseed 011 futures at New York.
furnished, by Jordan-Wentworth & Co.;
December, sa.TU; January, f a.e39.S8;
February, 9.769.85; March, $8..e;
April, 1I).041U.06; May, 310.1210.18;
June. S10.15CKl0.24; July, S10. 28410.21).
Spot, $9.1:0. Total sales, 15,800.
v Lumber.
The following are direct quotations on
Douglas fir and represent approximately
Drevailina f. o. b. mill prices in carlots
and are based on orders that have been
negotiated: lre-
vamng
Flooring. HlKh. Low. Price.
1x4 No. 2 VO 354.00 343.00 J51.00
1x4 No.. 3 VG 44.00 38.00
1x4 No, 2 & B, SG.. 39.50 37.50
1x8 No. 2 B, SG. . 44.00 39.00
39.00
40.00
Stepping
No. 2 & B 70.00
63.00
Fin. No. 2 and better
1x8 10-inch 61.00
S4.50
63. 00
56.00
66.00
Casing and base... 66.O0
Ceiling
Hx4 No. 2tB
1x4 No. 2 & B...
1x4 No. 3
. 43.00
. 39.50
86.50
38.00
32.00
38.00
39.00
34.00
86.00
Drop siding
1x6 No. 2 & B...
1x6 No. 3
46.00
39.50
38.00
35.50
41.00
39.50
Boards and SL No. 1
lx8-10-inch SIS 20.50
lxl2-inch 21.00
17.50 19.50
Dimension No. 1 S & E-
2x4 12-14 19.50
17.50 19.50
Planks and small timbers
4x4 12-16 S 4 S 22.50 18.50
3x10-12 12-18 S 4 S. 24.00 20.00
22.50
Timbers 32 ft. and under
6x6-8x10 S 4 S 25.00 21.60
22.00
Lath-
Fir 5.00 4.00
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh
Fruits, Etc., at Bay City.
SAN FRANCISCO, Dec. 14. (State di
vision of markets. Poultry Fryers. 23
28c: broilers. 250 35c; young roosters.
210 27c; "Id. 14018c; hens, 18028c;
ducks, 18020c; live turkeys, 82036c;
dressed, 39042c; hares, pound, 15018c;
squaba, dozen, $303.50; jackrabblts, doz.,
$202.50.
Fruit Apples, box, $102.7i; Lady
apples, box, S2.5O 03.75; grapes, crate.
$101.05; grapefruit, $2 06.50; huckle
berries, pound, 20c only; lemons, eov
$7.50; oranges, navels. $3.5004.50;
peaches, nominal; pears, box, $iz.9.
Vegetables Beans, pound, O'gvzuc;
cabbage, pound, 101!4c; cauliflower,
doxen, $1$1.25; carrots, sack, $101.25;;
celery. crate, $2.50 0 3.50; cucumbers,
dozen, $203; lettuce, crate, $1.25 03;
beets, sack, $101.2,'i; onions, brown
and yellow, cwt., $1.250L75 at wharf;
white, cwt., $1.5O01.io at wharf; green.
box, $1.2401.50; peas, pound, 12016c,
potatoes, cwt., 8Oc0$l.S5; sweet, pound,
l02c; rhubarb, box, si0i.ou; summet
squash, lug, $1.2301.15; tomatoes, lug,
$1.25 & 2.60 r turnips, per sack, $101.75;
olives, ripe, pound. 7 08a
Receipts Flour, 80ba quarter sacks;
wheat, 4800 centals; barley, 9324 centals;
corn, 800 centals; potatoes, 4ti88 sacks;
onions, 1881 sacks; hay, 274 tons; hides,
2133; lemons and oranges, 4100 boxes;
livestock, 200 head.
QUOTATIONS ON DAIRY PRODUCTS
Coast and Eastern Markets for Butter,
Cheese and Eggs.
SAN FRANCISCO, Dec. 18. Dairy
produce exchange closed.
NEW YORK, Dec. 10. Butter, firm,
creamery firsts, 464 0a3ttc; packing
s-:rck current make, No.- 2, 34c.
Eggs Firm; refrigerator firsts, 31
83 cents.
Cheese Steady.
Poultry Unchanged.
C HICAGO, Dec. 16. Butter, unchanged.
Eggs Lower; receipts, 4812 cases;
fusts, 50052c; ordinary firsts', 42045c;
miscellaneous, 45050c,
SEATTLE, Dec. 16. Butter and eggs
unchanged.
Coffee Futures Steady.
NEW YORK, Dec. 16. The market for
coffee futures closed unchanged to five
points higher. Sales 'were estimated at
ly 12.000 bags, closing quotations,
Dtcember 10.01c: January, 9.92c; March,
9.75c; May, 9.43c; July, 9.07c; September,
8.58c. Contracts for delivery next Decem
ber were quoted at 8.25c
Spot cof lee, firm. Kio is, 11 c; San
tos 4s, 15015c.
Chicago Oil Market.
(By Chicago Tribune Leased Wire.)
CHICAGO. Dec 16. Gasoline: Tank
wagons, 18c; service stations, 20c; ma-
cnlne, 27.7. Oils, summer, 11.4c; winter,
11.9c. Carbon Perfection, iron barrels,
11 c. Linseed oil, raw, 1 to 4 barrels
delivery, $1; boiled, $1.02. Turpentine,
$1.61; denatured alcohol, 44c
Cottonseed OIL
Cottonseed oil futures at New York,
furnished by Jordan, Weitworth & Co.:
January, $9.65 0 9.70; March, $9,960
9.98:, April. $10.05010.10; May, $10,130
10.15; June, $10.15010.25; July, 310.23
010.30. Spot, $9.60.
Total sales, 1500.
Chicago Potato Market.
CHICAGO, Dec. 16. Potatoes slightly
stronger; receipts, 14 cars; total United
States shipments, 821; Wisconsin sacked
and, bulk round whites, 86c0$l cwt;
Minnesota and North Dakota sacked and
tuik round whites No. 1, $1.10 cwt.
Sugar Market.
NBW YORK, Dec. 18. Raw sugar,
Centrifugal, &.53c; refined granulated,
7.10 cents.
SAN FRANCISCO, Dec. 16. California-Hawaiian
raw sugar. 5.53.
London Apple Market Strong.
HOOD RIVER, Or., Dec. 16. (Spe
cial.) Dan Wuille & Co. yesterday
received a message from London to
the effect that Newtown apples
were selling at 16 shillings the box.
At the rate ot exchange at present
prevailing this will net growers an
approximate $1.75 a box. Shippers
say the steady trend of the export
market is a bright feature for local
growers, a large portion of whose
tonnage is Newtowns, considered
the staple export apple.
CROP REPORT PUTS
01 PRICES 001
Market Breaks Sharply
Early Trading.
in
HIGHER RANGE IS LIKELY
Wet Weather Delays Argentina
Harvest and Reduction in
Yield is Expected, ,
' BY CHARLES D. MICHAELS.
(By Chicago Tribune Leased Wire.)
CHICAGO, Dec. 16. As was expected
the grain markets broke rather sharply
In the early trading due to the bearish
construction placed on the government
crop report, with the active deliveries
of wheat off around le from the pre
vious day's finish, but the surplus In all
the pits was taken off the market by
commission houses on resting orders
and a rally came toward the last that
carried values above the previous day's
finish for all. grades. Closing trades
were 01c higher on wheat, with corn
c lower to c higher, oats H0c
higher and rye 0c lower.
All grains sold at a new high for
the season the past week, and while
values have been on the upgrade for
nearly two weeks te undertone at the
last was distinctly strong, with senti
ment decidedly bullish. As compared
with the finish the previous week, wheat
was up l05c, the latter on July. Corn
rained let2c oats ffi2c ana rye
l02Kc Lard was up 25!ae2M;C and
ribs 75010c for the week.
General run of news was decidedly
favorable for a higher range of prices.
Continental exchange was higher, and
while Washington denied that the Ger
man loan was assured the fact that the
United Kingdom and the continent
bought wheat and corn In North Amreica
had considerable intluence on sentiment.
Wet weather has delayed harvesting
of wheat in Argentina and private cables
from there indicated that a reduction in
crop estimates would be necessary. The
trade foraot about the government re-
nort shortly after the opening, and local
statisticians were inclined to be rather
skeptical regarding the amount of wheat
raised.
Country offerings of corn were not
larae. one of the largest houses operat
ing in Illinois and Iowa buying only a
few cars over night. Larger receipts
are expected, however, as the Illinois
Central Is furnishing cars in central
Illinois. Cash corn premiums were firm,
with elevalnr interests rood buyers.
Interest In oats is Increasing, witn a
somewhat broader trade. Sentiment is
more friendly to the buying side, with
demand for cash grain fair and move-
ment relatively light.
Despite talk of a big export business
in rye. with sales of around 1,300,000
bushels reported at the seaboard the
past two days, the market made a poor
response to buying and closed slightly
easier. Norway, Sweden and .Greece
were Identified as buyers of cash grain,
s
Action of the wheat market today
showed what trade leaders here and for
eigners thought of the government re
rort. Those who sold prices off on It
eirly bought back their grains later in
the day at higher prices, while foreigners
cjme in and bought 800,000 bushels of
wheat, considerable corn and 1.300,000
bushels rye, Sweden taking 600,000 bush
els There was an extended short interest
early, and at the close trade leaders saw
nothing bearish in the situation.
Traders friendly to corn look the
buying side at the start and continued
throughout the day. Liquidation spent
its force early. The government reduced
estimates only 3,000,000 bushels from
the previous figures and the trade in
general was convinced that there is no
more corn in the country than will be
required for domestic consumption and
eiport, and leave a fair carry-over at
the end of the season.
I)cal traders who are friendly to oats
continue their buying of May on all
dips. Enough December Is coming out
from day to day to satisfy all buyers.
The movement lr. heavy, but is being well
taken care of, and there is a friendly
fueling to the buying side on the breaks.
The government report arbitrarily in-c-t'ases
the winter wheat acreage 1.000.
900 acres over the previous estimate and
increases the area harvested in 1921 by
700.000 acres, says B. w . hnow. 'J ne
basis for such changes can only be
known to the officials To accept the
present figures it is necessary to believe
that some 48.000,000 acres were actually
seeded last year, a figure that cannot be
reconciled with any facts previously of
public record.
Movement of grain is heavy,' especially
of corn. Total receipts ot all grains at
primary markets last week were 24,
D23.00O bushels, the largest at this time
since 1918 when they were 28,357,000
bushels. There was a loss of 300,000
bushels for the week and a gain of
2.800.000 bushels over last year and
2.C00.000 bushels over the five-year av
erage. Corn receipts Increased 600.000
boshels for the week and nearly 4.000,
000 bushels under last year's Cars are
mere plentiful in some sections of the
grain states and short in others. There
Is a big movement of corn from the
Missouri river section to the west, one
rallwad having orders to move 600 car
..ads. The Illinois Central rnilroad
brought in almost 25 per cent of the
corn received at Chicago last week.
The daily Chicago market letter re
ceived by the Overbeck & Cooke com
pany of Portland follows:
Wheat The influence of the govern
ment crop report was thoroughly dissi
pated at the opening and the close was
strnnr at the best prices of the day and
higher than the previous close. It was
the opinion ol leaamg aut-noriuea- mat
some error had been made in the com
pilation of this report, as the Increased
acreage responsible for the increase in
the total yield was hard to account for.
Before the close attention was being
given to the foreign situation, especially
news from Argentina which told of fur
ther damage and reduced yields. The
seaboard did not report th amount of
export business done today, but said
there was Increased activity in export
eircles with England and France in the '
market for the first time In many
weeks: An encouraging development
was the strength in continental ex
change rates, apparently reflecting a
better feeling in foreign finances and
possibly the proposal now being consid
ered by United States bankers to give
Germany a substantial loan. The tech
nical position of the market undoubtedly
has been strengthened by the recession
and we expect to see the upward trend
resumed probably with Increased inten
sity. Corn Started lower in sympathy with
wheat and on selling inspired the failure
of the government report to confirm
private estimates of a smaller aggregate
yield. The decline met good absorption
and the close was strong with early
losses more than regained. Receipts of
400 cars found a ready market at yes
terday's baeis. Local houses confirmed
sales, made out of Chicago for export
and the seaboard reported revived in
terest on the part of foreign buyers.
which looks encouraging for a better
outlet. The country is selling moderately
and the market is seemingly in excel
lent position- to respond to further indi
cations of a good domestic and foreign
demand.
Oats Lower prices were made at the
start, but the market quickly reversed
Its action and advanced with other
grains. A good cash demand was re
ported at yesterday's basis to a shade
better. The government crop estimate
of 1,215,000,000 was considered slightly
bullish. We continue to look for a high
er level of prices.
Rye Trade was comparatively slow,
prices receding at the start on selling
Influenced by the bearish government
crop figures. Eastern interests were
prominent on the buying side, presum
ably against export sales.1 Norway and
Sweden were reported to have taken
500.000 bushels over night. Cash rye was
relatively Bteaay at 1 14 cents over De
cember for No. 2 on track.
Leadinj futures ranged as follows:
WHEAT.
Open. High. Low. Close.
Dec...... 31.22V4 $1.24 $1.21-4 $1.24
May 1.21 1.23 1.21 4 1.23 H
July .. LIS 1.14 1.125s 1.14
CORN.
Dec 73 .74?4 .73 .74
May .73 .74 .12 .74
July.... .',74 "4 --.73 .72
OATS.
Dec 45 .45
May 45 .4ii
.454
.46
.43
.4;i
.4ir
July....... .42 .43
LARD.
Jan. 10.27 10.30
May 1O.50 10.57
10.27
10.50
10.30 '
10.57
10.65
10.60
RIBS.
Jan...
May 10.50 10.60 10.50
cash purees were as follows:
Wheat No. 2 red, 1.35; No. 2 hard.
$1.234 01.2414.
Corn No. 2 mixed, 764 754c: No. 2
yellow. 75 7614c.
Oats No. 2 white. 46!447?4c; No. 3
white. 45046c.
Rye No. 3. 89 "sc.
Barley 65 0 74c.
Timothy seed $606.75.
Clover seed $160 20.
Pork Nominal.
Lard $10.45.
Ribs $10.50011.50.
Minneapolis Oral 11 Market.
Furnished by McCaul-Dinsmore Grain
company of Portland:
Wheat No. 1 dark northern, good to
fancy, to arrive, $1.26 01.89 ; fancy
No. 1 dark northern, $1.33 01.40 ; No.
1 dark northern, $1.25 1.32, to ar
rive, $1.26; No. 1 northern. $L23
1.30, to arrive, $1.23; fancy No. 2 dark
northern, $1.28 01.35 ; No. 2 dark
northern, $1.21 1.28 ; No. 2 north
ern, $1.191.23: fancy No. 3 dark
northern, $1.24 1.30 ; No. 3 dark
northern, $1.16 1.24 ; No. 8 northern,
$1.15 01.22; No. 1 dark hard Mon
tana. $1.24 01.81, to arrive, $1.24 0
1.30; No. 1 hard Montana, $1.21
1.24, to arrive, $1.21 1.23 : No. 1
dark hard Minnesota and South Dakota,
$1.2101.23, to arrive, $1.20 01.21 ;
No. 1 hard Minnesota and South Dakota,
$1.2O01.21, to arrive. $1.20
1.15; fancy No. 1 amber durum,
$1.11 01.14, to arrive, $1.09
1.11U; No. 1 amber durum, $1.06
1.10. to arrive. $1.06; No. 1 durum,
$1.00 01.05, to arrive, $1.00; fancy
No. 2 amber durum, $1.09 01.12 ; No.
2 amber durum. $1.08 1.01 ; No. 2
durum, 96 c $1.02.
Corn No. 2 yellow, 68 0 68c, to ar
rive, none; No. 8 yellow corn, 67c, to
arrive, 67c.
Oats No. 2 white, 4214?ic; No. 3
white, 411443c, to arrive, 40c.
Barley Choice. 62 65c; medium good.
58 0 61c; lower, 53057c.
Rye No. 2, 8383c, to arrive,
Flax No. 1, $2.67 2.68, to arrive,
$2.62. ,
Wheat futures December, $1.22;
May, $1.21 ; July, 81.18.
Cash Grain Markets.
Furnished by Jordan, Wentworth & Co.,
Portland.
OMAHA, Dec. 16. Wheat No. 3 hard,
$1.16. Corn No. 2 yellow, 70071c. Oats
No. 3 white, 33c.
ST. LOUIS Dec. 16. Wheat No. 2
red. $1.38. Corn No. 2 n ixed. 76c; No.
2 veilow, 77c. Oats No. 2 white, 47Ve.
KANSAS CITY Dec. 16. WheatNo.
3 red, $1.2301.24; No. 2 hard, $1,160
1.22; No. 2 hard dark winter, $1.23. Cprn
No. 2 mixed. 72 072c; No. 2 yel
low, 74c; No. 2 white, 72724c
Oats No. 3 white, 46047c.
DULUTH. Dec. 16. Flax Dec, $2.68
bid.
Grain at San Francisco.
SAN FRANCISCO, Dec. 16. Wheat
Milling, $2.202.25; feed. $2.2002.25.
Barley Feed, $1.4001.45; shipping
$1.501.55.
Oats Red feed, nominal.
Hay Wheat. $17 0 20; fair, "$15017
tame oat, $17021: wild oat, $14016;
alfalfa, $19021; stock, $12015; straw,
$11012.
s
Seattle Grain Market.
SEATTLE!, Dec 16. Wheat hard
white, soft white, $1.26: white club,
$1.23; hard red winter, soft red winter,
northern spring, $1.21; eastern red Walla,
$1.20; Big Bend bluestem, $1.62.
Feed and bay unchanged.
Carlot Grain Receipts.
CHICAGO, Dec. 10, Carlots Minne
apolis Wheat, 3U3; corn, 30; oats, 21.
Winnipeg Wheat, 770; oats, 122. Du
lutli Wheat 87; rye, 49; flax. 2. Kan
ras City Wheat, 220; corn, 33; oats, 19.
St. Louis Wheat, 27; corn. 37; oats, 20.
Omaha Wheat. 60; corn, 61; oats, 22.
Winnipeg Wheat Market.
WINNIPEG. Dec. 16. Cash wheat. No.
1 northern, 31.08; No. 2. $1.05: No.
3, $1.02; No. 4, 9Sc: No. 5. 92c;
Iced, 70c; track, $1.08.
Futures Dec, $1.08; May. $1.12;
July, $1.11.
MET TIB mm
FURTHER WHEAT ADVANCE
IS INDICATED.
Large Winter Killing Expected on
Reduced Acreage; Heavy
Exports In Sight.
The weekly review of the Chicago
grain market, furnished by Jordan Went
worth & Co., of Portland, follows:
The advance in wheat has been largely
the result of the congested selling of
December and the inability of profes
sionals to make deliveries. This buy-ing-in
has given hedging interests a
large profit and at the same time lifted
the May.
December Is usually a very high mar
ket for wheat and in 14 out of the past
16 years prices have advanced over the
fall levels In the final month.
General world conditions have not
changed materially. There is some be
lief that the next six months will de
velop a large export trade from all sur
plus countries and on account of excel
lent credit facilities which this country
will be able to give under the con
templated legislation, our exports are
expected to maintain a high average.
The smaller acreage and poor condi
tion westward, if the general rule pre
vails, will show large winter kilting.
In the past 16 yearB the May advanced
in ten years from January to the end
of February and declined in six years.
From the February high the market de
olined in 11 years to the end of April
and -advanced in five years. Present
influences suggest an advance to Febru
ary. Receipts of corn are running at half of
last season and feeding demand has in
creased on account of the cold weather.
By the time the fall pigs are ready for
market the corn situation will be acute.
The oats trading has increased and
the market has been reaching toward
the 60-cent level which would not be
high.
COTTON FIRMER AT THE CLOSE
Good Buying Advances Futures 18 to
36 Points Net.
(Br Chicago Tribune Leased Wire.)
NEW YORK, Dec. 16. The cotton
market came under the influence of the
usual week-end evening up by profes
sionals today and at first met a little
more professional covering than liquida
tion, reflecting this by advancing some
5 to 18 points after a narrowly irregu
lar opening of 5 points loss to two points
gain. The spot month, December, was
inactive, and lagged behind the rest of
the list, but business on the whole was
featureless and dull. The heaviest buy
ers were probably Liverpool interests.
Wall street operators and wire houses
Sellers included the south, spot people
and room longs. The market met a
better class of buying as the seasion
progressed, and in the final half hour
of trading developed a decidedly firm
undertone and advanced more than ao
above last night's close In severai in
stances and closed around its top, 18 to
30 points net higher.
Spot was steady, 23.70c for middling
upland, 20 points advance.
Southern spot markets: Galveston
25.55, 20 points advance; New Orleans
25.50c unchanged; Savannah 26. 68c, 13
points advance; Augusta 25.50c, 25 points
advance; Memphis 25.75c, unchanged;
Houston 25.45c, 15 points advance; Lit
tle Rock, 25.50c, unchanged.
The range of New York cotton futurea
as reported by Overbeck dc Cooke com
pany of this city:
Month. Open. High. Low. Close.
January 2S.25 23.48 25.20 25.44
March 25.45 25.71 25.42 25.66
May 25.54 25.87 25.54 25.79
July 25.23 25.83 25.35 25.5
October 23.68 24.00 23.66 24.00
December 25.29 25.47 25.25 26.47
Growers Appoint Delegates.
SHERIDAN, Or.,' Dec. 16. (Spe
cial.) Delegates from Sheridan to
the state loganberry meeting- at Sa
lem, December 20, when efforts will
be made to bring all acreage into a
unit organization for the purpose of
price and labor control, have been
named as follows: George Stewart,
Charles Gill, Earl Chandler and G.
P. Bartlett, representing independent
growers here, and H. G. Funk, rep
resenting the . Oregon Growers' Co
operative association.
TONE DF WHEAT STRONG
HIGHEST -PRICES OF SEASON
MADE DCKIXG WEEK.
Legislation for Benefit of Farmer
Is Bullish Factor in Mar
ket's Course.
The weekly wheat review of Logan &
Bryan of Chicago received by Overbeck
& Cooke compary of this city follows:
"Bullish sentiment predominated
throughout the week and all deliveries
sold at the highest prices of the sea
son The influence behind the upward
movement was the very evident inten
tion of the administration In Washing
ton to adopt measures for the benefit
of agricultural interests.
"It is generally conceded that some
thing vitally important will materialize
from the numerous bills that havs been
presented. The rural credits bill is vir
tually assured of passage and will do
much toward equalization of distribu
tion although without a good foreign
outlet for the surplus production enhanced
values would be difficult 01 attainment.
This is provided for in a measure author
izing the war finance corporation to
purchase drafts against foreign ship
ments, to be paid by the buyers with
in six to nine months. The adoption
nt stuch constructive legislation would
undoubtedly add materially to quoted
prices as the United States would then
have an overwhelming advantage for
world trade to the exclusion of our
comnetitors.
"Expert clearances for the week were
7,926,000 bushels and for the season to
date 231.652.000 bushels about 50-50
American and Canadian.
"Latest estimates on the Argentina
production places the exportable sur
plus at about 40,000,000 bushels more
than last year with possibilities favor
ing a further reduction.
"The Australian yield was disappoint
ing, providing a surplus of nearly 60,
000.000 bushels less than last year.
"The government crop report was
quite a surprise showing a total crop
of 856,000,000 bushels or 45,000,000 more
than the previous estimate. This, of
course, will receive a bearish construc
tion, but its effect is likely to be mini
mized by Impending developments in
Washington and by the fact that sta
tistics on receipts, export shipments and
supplies in show windows disclose a do
mestic disappearance of some 90,000,000
bushels more than last year.
"Some apprehension is felt over the
growing crop because of the sudden
drop in temperatures and lack of snow
protection over the belt. The acreage,
which will be given in a report by the
government Monday is expected to show
a reduction of about 10 per cent.
HOGS BROUGHT IN BY PACKERS
Direct Shipment of Twelve Loads Re
ceived at Stockyards.
Twenty loads of stock reached the
yarns yesterday, a good run for the clos
ing day of the week. Twelve loads of
hogs were a direct shipment to packers.
Business was moderate In the half day
the yards were open, and prices at the
close were steady and unchanged. Re
ceipts were 185 cattle and 1639 hogs.
The day e sales were as xouows:
Wt. Price.
Wt. Price.
490 2.75
2 hogs,
1 hog.,
1 cow.
1 cow.
1 cow.
215 $ 9.25
820 8.75
870 4.00
1040 2.75
1 COW. , .
1 cow...
1 cow...
110
2.25
2.75
4.00
490
870
1040
1, cow.
900
910
2.00) 1 cow..
1 cow.
2.23;
1 cow.. ,
900
Prices quoted at the Portland Union
stockyards were as follows:
Cattle
Price.
Choice steers
Medium to good steers.
. .$ 7.50 8.06
.. 6.7.-10 7.50
.. 5.75 8.75
.. 4.25 0 5.75
Fair to medium steers ....
Common to fair steers
Choice heifers
Choice cows, heifers
Med. to good cows, heifers.
Fair to med. cows, heifers.
Common cows
Canners
Bulls
Choice feeders
Fair to good feeders.......
Choice dairy calves
Prime light calves.........
4.50 0 5.00
4.500 6.00
4.00(01 4.50
3.50 O 4.00
2.50W 3.50
1.6041) 2.50
8.00 0 4.25
5.00 0 6.50
4.000 6.00
b.WXul s.ou
8.000 8.50
Medium light calves 7.30 a 8.00
.Heavy calves 4.00 7.00
Hogs
Prime light 9.00 9.50
Smooth heavy, 250 g 300 lbs. 8.00 9.00
Smooth heavy, 800 lbs. up., 7.50 8.00
Fat pigs 8.50 9.00
Feeder pigs 8.50 9.00
Stags, subject to dockage.. 4.50 6.00
Sheep-
East-of-mountaln lambs ... 10.50012. 00
Choice valley lambs 10.50 e 12.00
Medium valley lambs 9.5010.50
Common valley lambs 8.50 9.50
Cull lams 6.75 8.50
Light yearlings 9.5010.00
Heavy yearlings 9.00 9.50
Light wethers 7.50 9 8.50
Heavy wethers 7. OO 7.50
Ewes 2.00 a 6.00
Chicago Livestock Market.
CHICAGO, Dec. 16. (U. 8. Bureau of
Agricultural Economics.) Hogs Re
ceipts, 9000 head; holdover, 11,286 head.
Closed active; steady with Friday's close;
bulk, 220 to 260 pounds butchers, 8
8.05; bulk 140 to 180-pound averages,
X8.108.20; top, 8.20; packing sows,
mostly 37.267.60; desirable pigs, S
8.20; heavy hogs. $7.008.05; medium,
38(618.10; light. 38.0508.20; light light.
J8.lorg-8.20; packing sows, smooth, t7.40
ti7.70; packing sows, rough, $7.157.50;
killing pigs, $K ( 8.20.
Cattle Receipts, 1000 head, compared
with week ago beef steers unevenly 23c
to 75c lower; in between grades reflect
ing most decline; extreme top Christmas
yearlings, 314; best matured steers, 13;
better grades of butcher she stock, 25c to
50c .off; lower grade beef cows and heif
ers, canners, cutters, bulls and veal
calves about steady; stockers and feed
ers, 25c to 40c lower; week's bulk prices
beef steers, J889.60; stockers and feed
ers, $5.758.73; butcher she stock, J4
6.50; canners and cutters, 32.753.35;
veal calves, $99.75.
Sheei Receipts, 1000 head, compared
with week ago, choice fat lambs of de
sirable weight, steady; heavy lambs and
lower grades lighter weight, weak to un
evenly lower: fed yearling wethers, 60o
to 75c lower; fat sheep, fully steady;
feeders, strong to 25c higher; week's top
fat lambs, 315.60; closing top, $15.50 to
city butchers, $15.40 to packers; bulk of
fat -wooled lambs, $14.75 to $19.40;
clipped 80-pound fed lambs, $18; choice
89-pound fed yearling wethers, 312.50,
heavy fat ewes, $5&6: lighter weight
kind up to 37.50: desirable 100-pound
aged wethers, 38.25 8.50.
San Francisco Livestock Market.
SAN FRANCISCO. Dec. 16. (Federal'
State Livestock Market News Service.)
Cattle Beef steers good grade, 7.758;
meaium graae, &7.50; common grade.
$66.75; beef cows, good grade, $5.70 &
medium grade, X5.Z53.60; common
grade, 945; canners and cutters, 32(9
3.50; bologna bulls, $3.504.50; calves.
150 to 200 pounds, good and choice, $7.50
7.75; 200 to 250 pounds, good and
choice, $7.257.50; 250 to 300 pounds,
good and choice, $6.75 7.23; over 304
pounds, I5.506.50.
Hogs Good and chocie grain fed Call
fornias, 150 to 200 pounds, $1010.50;
200 to 250 pounds, $9.B010; 230 to 300
pounds, $8.50 9.25; over 300 pounds,
37.508; smooth sows, 250 to 300 pounds,
36.5007; rough sows, 250 to 300 pounds,
35.506; over 300 pounds, $4.50 5.50.
Sheep and lambs Fuli wooled lambs,
good and choice grades, $18.5014; me
dium grade, $12.5O13.50; ewes, medium
and good, $5.50i6.50; wethers, medium
and good, $8.50 10.
Omaha livestock Market.
OMAHA, Dec 15. (U. S. Department
of Agriculture.) Hogs Receipts, 6000
head. Fairly active; 5c to 10c higher;
bulk packing grades, $77.25; bulk
butchers all weights, $7. 60 7.90; top,
$7.90; bulk, $7.6O7.90.
Cattle Receipts, 375 head. Market
compared week ago extremes on quality
in beef steers and heifers around steady;
in between grades mostly 50c to 75c low
er; week's top here $10; few head up to
$12; bulls, 25c to 60c lower; veals, steady
to 50c lower; stockers and feeders closing
weak.
Sheep Receipts, none. Compared with
week ago, lambs, 10c to 15c lower; year
lings, strong; sheep, steady to 50c high
er; feeding Iambs, 50c higher.
Kansas City Livestcok Market.
KANSAS CITY Mo., Dec 16. (U. S.
Department of Agriculture.) Cattle
Receipts 1500 head. For week, beef
steers mostly 2550o lower; some off
more; one load, $13.76; next best, $12.75;
bulk, J79: canners, strong to 25c high
er; mostly tzfgz.za; duik common to me
dium cows, $3.50 4; better grade veal
ers, $S9.
Hogs Receipts, 4000 head. Generally
steady to &0c lower; packing top, $7.95;
shippers' top, $8; bulk light and light
lights, $7.757.90; bulk butchers and
heavier weight, $7.85 & 7.95: bulk of sales,
$7.757.95; packing sows generally
steady; mostly around $7.25; stock pigs
dull; most sales $7 &7.25.
Sheer Receipts 1500 head. For week.
Lambs, steady to $1 lower; top, $15.20;
Buy Bonds
on
rPartial Payment Plan1
With an initial payment of 10 per cent you may
take advantage of present prices and yields
and complete payments as other funds are
available for investment.
The small investor, too, by using this method,
is on an equal footing with the large investor
and will get a third more interest on his savings
than if he banked it in the usual way.
Without obligation on your part may we mail
you special suggestions for the investment of
small or large funds? If you prefer we will
ask one of our representatives to call at your
convenience.
Call, Phone or Write
FREEMAN, SMITH &
CAMP CO.
LuMacRMENS Bldo Portland
at
bulk better grade natives and fed lots,
, , ok ja.1 x in . .l...n Dl.ariV best llEht
ewes, $7.25; feeding lambs, 25 50c high
er; most sales arouna
Seattle Livestock Market.
SEATTLE. Dec 16. Cattle, steady;
receipts, 132.
Hogs steady; receipts u.
STERLING RISE SENSATIONAL
German Marks Also Increase ' is Value
During Week.
NEW YORK, Dec. 16. A sensational
rise in sterling exchange, irregularly
higher stock prices, heavy selling of
United States government bonds, new
high records in wheat and corn prices
and another flood of stock dividend
announcements were the outstanding de
velopments In this week's financial mar
kets. . , ,
Early strength of sterling, which
touched $4.69, the highest price since
1919. was followed later in the week by
a brisk rally In German marks, which
soared from 1.20 cents a 100 to 1.87 cents.
Activity in the Berlin currency was
based on rumors that a large German
gold loan was impending, Involving sta
bilization of the mark.
The business outlook continues en-
nuriLirlnr.
The cotton consumption report for No
vember exceeded that of every month,
but one, in the last five years and
brought about a sharp recovery from
the recent slump In prices. Corn prices
are approximately 30 cents a bushel
over those of a vear ago.
Stock dividend distribution to date
already has exceeded $2,000,000,000, most
of which has been provided out of sur
Dlus. The Pan-American Petroleum ft
Transport company, which announced
25-per cent stock dividend a few weeks
ago, aided another one of 20 per cent
on Friday.
Standard Oil Stocks.
Furnished by the Overbeck ft
Cooke
Asked.
123
87
225
115
152
47
148
100
80
110
109
165
91
28
134
102
74
20 T4
22
215
inn
162
67
118
424
47-4
270
119
26
company of Portland. Bid.
Borne Scrysmer 118
Buckeye - 85
Cheesebrough . ....... .215
do old it
Continental 150
Crescent 48
Cumberland .., 146
Eureka 98
Galena com 58
Galena Old pfd .'....108
do New pfd ....ll
Illinois Pipe 12
Indiana Pipe 90
National Transit 27 Vi
N Y Transit ....12
Northern Pipe 100
Ohio Oil 71
International Pet
Penn Mex
18
Prairie Oil ....
Southern Pipe .
South Penn Oil
S W Penn OH .
a20.ri
-....108
158
, 64
, ll1
42
, 47
260
117
S O Indiana ....
S O Kansas ...
SON Y
3 O Ohio
do pfd
Swan ft Finch
Vacuum 40 y,
41
27
200
115
Washington ............... 4
S O Nebraska 197
Imperial Oil 113
Turkey Market Is Lower.
VANCOUVER. B. C, Dec. 16. (Spe
cial.) The turkey market broke here Fri
day on receipt of word from the Cana
dian prairies that good turkeys could' be
had for 27 cents wholesale and ao cents
retail, while the Pacific coast price was
45 cents retail. It is expected that the
turkey supply will exceed the demand
this year, as the purchasing power of
the consumers is lgnt ana less-expen-sive
fowl will adorn the Christmas ta
bles. Truck and Driver Burled In Mud.
OLYMPIA, Wash., Dec. IS. (Spe
cial.) Ed Thompson, local bakery
man, drove his light delivery truck
off the end of Fifth street, truck
and driver dropping about 20 feet
to the mud flats, late Friday night.
The tide was out and the truck
overturned, sinking deep in the
mud. Thompson, stunned but not
seriously hurt, was heard moaning
under the wrecked trucl.. Patrol
man Hammond, taking a long run,
Jumped the Intervening 15 feet,
landing in the mud beside the truck.
He pulled Thompson out and got
him to the hospitaL The truck,
hopelessly wrecked and burled in
the mud, was left to be covered by
the next high tide.
Apples to Make Yuletide Cheer.
HOOD RIVER, Or., Dec 16. ) Spe
ciaL) The Hood River Traffic as
sociation is engaged in assembling
from local growers Christmas-gift
apples for the children, of Astoria
and Portland. The apples destined
for the - burned city will be for
warded to a committee of Portland
Local Securities
WANTED:
20 Pacific Power & Light pfd.
20 Portland Gas & Coke pfd.
20 Northwestern Electric 7 pfd.
5m. Superior Portland Cement 6s.
FOR SALE:
60 Lumbermens Trust.
20Luckel King & Cake.
10 Western Bond & Mortgage.
16 Alberts Bros. pfd.
8 Albers Bros, common,
4 Portland Feeder.
1000 Anderson Bros., Inc.
Our Local Department for the
resale of unlisted securities of
merit is indispensible to holders
of these shares. Highest prices
obtainable anywhere.
Direct private wire to E. F.
Hutton & Co., Member New York
Stock Exchange.
-Jordan -Wentworth &(g
,s)tockako aoNoa)
our
-X HON!
B'WAY
jfoSS' , 8740
Elks arranging to carry cheer to
Astoria children at Christmas. Thu
apples for Portland will be distrib
uted through the Welfare associa
tion of that city. P. F. Clark,
president of the Traffic association,
says that shippers will be asked to
co-operate wiht their growers and
get gifts of apples for the poor of
Hood River.
New Train Service Announced. '
CENTRALIA, Wash., Dec 16. i
(SpeciaL) Tomorrow the Northern
Pacific will inaugurate through
train service between Centralia and
Olympia. Two round trips will bo
made daily. The first train will
leave Olympia at 8:30 A. M., arriving-
here at 11:05. Returning, It will
leave here at 11:50, arriving in
Olympia at 1:30 P. M. The evening
train will leave Olympia at 5 P.
arriving in Centralia at 6:30, leav
ing here again at 7:30 P. M. and
arriving in Olympia at 9:20 P. M.
Phone your want ads to The Ore
gonian. All its readers are inter
ested in the classified rolunrns.
Bond Issues
WHERE LARGE SUMS ARE
REQUIRED, WE ARE PRE
PARED TO CONSIDER PR0
POSALS 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 Chicago Board nf JTrade
Hoard of Trade Bids
Portland.
Pendleton, Walla Walla,
Or. Wash.
Direct Private Wires to
LOGAN & BRYAN
Mew York and Chicago.
MEMBERS
New York Stock Exchange,
Chicago Stock Exchange.
Boston Stock Exchange.
Chicago Board ( Trade.
New York Cotton Exchange.
New Orleans Cotton Exchange,
New York Produce Exchange
Winnipeg Grain Exchange.
SUCCESS
In the Stock Market
FORTUNES
Made From Small Investments
Writs for Free Booklet,
The Most Pimple Explanation of
Profitable fetork Trading.
Ws guarantee you that your money
is safe and that you get a square
deal. '
KENNEDY & CO.
Est. 188.
74 Broadway, New York
Members Consolidated Stock
KxohaBsjs.
Tremendous Profits
Without a Gamble
The sriant Industries of America
have made millions for stock
holders without speculation. But
only capitalists have had the big
opportunities.
Now YOU have the opportunity
to share In the husre profits of
America's GREATEST Industry
on the same basis without a
gamble. This opportunity of a
lifetime Is fully explained in our
current "Financial Itter." Write
for a copy today. It's FREE.
THE C. A. LINDSEY CO.
1350 Detwiler Bids;., Los Angeles, Cal.
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