The Oregon daily journal. (Portland, Or.) 1902-1972, July 21, 1918, Image 27

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The Oregon daily journal., July 21, 1918, Page 27, Image 27

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Newspaper Page TextTHE. OREGON . SUNDAY JOURNAL,. , PORT LAND, ; SUNDAY ' MORNING, JULY. 21.'. 1918. 27 NEW WHEAT IS MOVMG GREATEST CROP OF CHERRIES GATHERED IN STATE OF ORE GUN WHEAT CROP TURNS OUT BETTER THAN GENERALLY THOUGHT Output of Tree Below Decent Sea- eone but Weather Conditions Aided In Gathering Fruit Berry Market Continue at Good Pre. -- ' . ... . Better Than 61000.000 Bushels Now Expected in Three State First New Crop Wheat Arrives and Shows Good Quality n- wa a Tht Oregon this season fathered It greatest ero of eherrte ttotirlthsttndlnc th earlier port In many , ausrter that the crop ne'er failure, U now an assured fact.. The starry are it ull belni mrtted and Se - volume show little sign of dlmlntahfing. While ft . 1 considered true that the tree ot the Willamette valley did contain a few leas -eberrle thi nuod in the aggregate than ha .been shown for aeveral seasons, tbe fact that weather conditions were Meat fur tbe picking and ' thai) no -f rait was spoiled on thi account, gate tn total output a greater amount Tnat even the bit canning operator vera fooled by the earlier .report of damage and jr... WA difMM M h t Wi KM tnim - .piles, gome of them- figured that the cherry situation would bo about the aama aa in straw- . berrlee and that it would be neeery to secure ueir requirements aa noon aa Die season etarted. It took only a short time for them to get their till of thia fruit, and tinea then few cannera hat a been In Uia market for itunplta. Barry Market Are Hlflh While la soms Imtancea reduced values were week, th general demand continued rather ateady .:eloeo to previous high prices. Blackberries are striving alowly and value are held high, but , ratpbeniea were weaker and lower. Currant did not arrive in very good condition and price vmv Anmn 1 ..nhT-rt . tiM 4 rigur. ) Irtriaa tbe week there wa a Tery liberal supply of anrlcou offered from The Dalle. Blpening of thl fruit wan somewhat premature ana a urge per cent or tne stork armed over rip, resulting in aharply lower figure during th alx day' trading. ' Early peach from th earn lection era dom ing forward In Increasing aupply and are tailing readily, although th main trad la In th Call . fornla tek, which la of later and mora eultable varieties. . JOBBIXQ PRICKS IS POHTLAICD Thee are the prices rstsllcrs pay wtioleeeler. acvpi ae cnoerwise noiea : Potato Crops Will Show Big Decrease In the Northwest Late Acreage Is Nominal and With Long Protracted Dry Weather Sizes Are Small. Dairy Product BuTTEB Belling price: Creamery print !n nerenmens wrappers, extra. 43c; prime firsts. 47; (int. 46Hl eubee, la lew ; , cartons. 1 aaaiuonai; oairy, so id.; selling prle. cub, . oc. BUTTISrlT Portland dslivery basis. No. l anur cresm.. oae. l'HK)K aeUlna Brie: Tillamnak Imk Oregon fancy full cream triplet, 27$28o par lb.: Toung America, 28$29e. Price to Job ber, Tillamook trip lata, U5c: Young America.' ate t. o. b.. Coo and Curry. Price to Jobbers, f. o. b. Myrtle Point; Triplet. 24 He; Young America, 115 He; brick. 8 So; Limbargcr. 86a brick swis. 40a lb. - EQOS Selling price, cane eount, 41c per do. Buying price, 40. Selling price, candled, 44c; selected 46e: selected In carton. 47a. I.IVK POt'LTKT Ken. 2223e per lb.; broiler. 25 0 27c; old roosters, 16 lftc; (tags, 15li turkey. JHtei dreeeed fancy, 71 Mo. S. SUo; squsbs, 68 dosen; gee, apring, S2e; dues. 86 iV ST, pigeon. S1.5U 2.00 per doaan. rrh Vtabl and FrulU rBESH TOl'ITS OrangM. IH 00 A. 50 pet boi; bananaa, 8H lb.; Umone, 18.73 -A 10. 50 per box; CaUlornla grapefruit, SS.fiO 4 00; Florida. 17.00: cherries, llojrsl Anne, 6He; Bing. 12012Hc; Blacks. 3PBo lb.; watermelon, a to e lb. ; California black figs, SI. 75 per craU; apricots, f 1.00 (& 1.76. . BER H1K8 oosbrrief , 7o; raipberrie $i.90O2 00; loganberries. S2.00A3.25; black cape. i2.76a.60; blackberriei, H.tOO X.lit currant. tl.ttO 1.7B. r KACHk8 ttOefl 11.25 pet box. AfUfcUl Various variailea. .50.75 par box. OB1ED FRCIT8 Date, Dromedary. $5.50; Farda. 52.50 erst. ttaiain. thrae-crowa loos " Uaaeatei. 100 lb. in 60 lb. boxea. Jftga, 60 bos for 70 os. paokagea. OMON8 Ssliing price to retailer: Mew red. 2.00; yslloW. 52.50: garlic. 7 H 9 8 lb.; gjeea onions, 15 (0 4 8c dozen bunches, POTATOES Belling price: Table stock. Bur bank. 52.25. Buying price: V. B. No. 1. 6 pr cental, country points. Mew potatoes, $3.5095.76. CANTALOUPES Kate. $2.00; pony. $3.73 8)4.00; standards, $4.76. VEGETABLES New turnlpa, $2.00 0 2.25 " sack; carrot. $2.25 sack; beet. $2.50 sack; parsnips. $1.25 aack; cabbage, 8 He; pepper. 6t: bead lettno. 2H2Ho per lb.; celery. $1.26 per do.; artichoaea, 80i85e dox. ; cu cumbers, $1.25 1.76 per do.; tomatoes, $1.50 '1.75 craU; eggplant, 2028e lb.; canll flower, $2.60 02.75 per arate; horse radish, 2H per lb.; string bean. ll412o par lb. Meat, flth and Proeltlorti OOVNTttY MEAT8 Belling uricw: Country killed best hogs, 28 ($23 He; ordinary, 2(1 (a 21c lb.: best veaL 16Hlo per jj. ; ordinary real. 14Hfi6c lb.; rough hgavy, 8 (e tto Kt lb. ; good, 14 per lb.; lamb. -OtS 28c per ,; mutton. 14felne per lb.; beef. 10 14 He. SUOKEU MEATS Hams. 81 33c; break- hit bacon, S4(g48; picnics, 25c; cottage roll. Sle; abort clear, gitftsio; uregun expotu, , araoked, 88c per lb. PACKERS1 MEATS Fancy ateer beef, 28c; fancy wow beef. 22o; fresh aprlng lamb. 22 86i best yearling. 18 20c; ewe. 15 17c; hoaa. IiailHt. LARD Kettle rendered, 28; standard, 27c Mr lb.: lard eompoand, 28c OT8TKRS Ohrmpla, gal., $4.80; canned aaatara, 58o an. $8.40 doaaa cans; eastern. gallon. oU pact, 8 ou. . rBE8U riSU Dreaeed flounders, 6o; aal ajaoa, 2122o; perch, 7 0 8c; soles. 7c; sal bbs trout. 18o; halibut. 20o; black cod. 11: barring. So; smelt. Mo; clams, bard shell. So per lb.. $4 boa; era be, $1.76 2:90 par dox.; (bad. 6 70. rooarlaa BUOAB Cub. $8.10 H i powdered. $8.87 H ; fruit o berry, as.uo; u yeuow. tt.io; granu Uted. 88.06; beet, $7.85; xu C. 87.70; aolden C. 8 7.06. MtiNKT New. 88 per ease. . BICE Japan atyl. No. 1, 84 ay 10c; New . OrWas haad. 11 H 111,e; blue rose. 10 9 V 1 1 per lb. . - SALT Coarse bait ground, 100. $10 per ton; 80. 817.25; table dairy. 60s, $23.tf; ' fealea. $8.1008.85; tancy uble and dairy. 80.25 riump roea. ixu vv per ton. BEANS California ( sales by jobbers) . - Small whit. 18 He; large white. 12c: pink. Bo law Limaa 14o lb, ; bayou, 8ta; rea, 10c. Ore . ana beane I buying price) : White, msstame eWned. 8Hc; band picked, 0H(10e. CANSEU MILK Carnation. $5 5; Borden. $8 26; Aster, $6.25; Eagle. 5U.00; Libby. $5.21 : Tfsloaen, a o per can. COFFEE Boasted. l6Hg3a in aack ox SOD CB ACKERS Bulk, ITc per IV. "NUTS Budded walnut. 25H9 26e per tb. almonds. 18H0 9Oe: filberts. 27 He in aack . total peanuts, 290X1;. pecan, it la. Np,.Wot and Hide - HOPS Nominal. 1817 crop, 15 018 Be. IDES Salted hid. 26 lb and up, 18 salted stags. 60 lb, abd up. lOo; salted and green kip, 16 lbs. to 26 lb.. 18c; aaited and greoa call, up to 16 to.. X0c; green aidea, 86 lb, and up. ,ll; Tea stags, oo lbs. and tip. 8a: dry flint bides, zoe; ary mot calf, bp to lb.. 80o; dr aalt hide. 20c; dry horse hide. 81.25 0 1. DO ; aaiica nor ntaa. g9.uow4.oo . bnhalr. Ull, 25e; horsehair, mane, 16c; dry mag wool pelts. 40c; dry short wool pelts, 26 a aoet rnnea ana green pens, eecn (sujr tax . it), $8 00 0 4 00; dry bp shearlings, aaeh. m. & 80o ! aaited abeep ehaariing, eaeb. 25 0 . 60c; dry goat, long hair, 25e; dry goat sbaar- Th wheat croo is turn lex out to be better than bad been generally expected in meet Mo tion of th Pacific Northwest and th outiock for a crop better than S1.000.000 bushels la indd bright. , . - New wheat to reachlna th anarkata of tb Polfl Northwest and firtt arritala are show Ing otnwht better Quality than normal. Th wheat Is plumper than usual and a a ml first ample weigh batter than th average for the last tw years. Buying of naw crop wheat la on at th price stabUshcd by th 8oTrnmnt. Trading 1 at present confined entirely to regular dotlert and miliars, th goYernment bains inclined to allow tb trad to proceed through rertilsr channel established for many year. No change is ex pected la this regard during th aaaeoa un laaa adeantag i taken by tome of th dealers. If th buyers treat th produors properly and there i no indication that they will not no interferenc by th gorernment buying rprean Utites la Mpeeted or likely. Th gorernment, through Max. ft. Houser, whoa hdqurtr ar at PorUand, will watch out fot th interest of all Pacific Northwest growers and they ara expected to ad rise Mr. Houatf of any -discrimination against their inter est. , . Coars grain buyers will proceed with their purchase as, was don last year. Thia branch of th grain trad I bfi closely watchd by goTemment off iota Is and no abuse or abnormal profit will b tolerated for a aingia moment, t , Adrano of 78o par barrel in the pric of new crop flour wa aomewhat of a surprise, especially so because millers har been charged la many Inttaace with snakinf too much profit at th old Price. Aba of Tt a fair crop of hay la th Paclfid Northwist this eason is expected to el rat valua la that line W figure nerer bsfor known in th Pseiflo Northwest. FLOUB Selling price: Family wheat flour, 811.16; barter our, 811.50 fWillamett valley. ( )t local Straight, $10.80; bakers' local. $9.80010.00; Montana spring wheat, pstent. I ; whole wheat. 110.30; gralutm. 19.00; rye Hour, iu,7o; oat tiour, $12.00 l corn flour. $11.50 14.00 per barrel. HAY Buying pric. new crop: Willamette timothy, fancy. $28.00; "Eastern OrgOn-Wah- ineton fancy timothy. $34.00; alfalfa. 827.00 yalley retch. ( ); cheat, $28.00; clover. sz7.uu; grain, tis.uu per ton. GRABS SACKS Nominal. No. 1 OalcUtU. 26 He in car lots: lea amounts huther. MILLSTl'FFH Mixed feed, buU. 824.44; at mills, aackea, snn.ou w 30.no. ROLLED OATS Per barrel. $12.00 9 12.20 ROLLED BARLEY Per ton, $89 0 70. OOHN Whole. $78; cracked, $77 per ton. Merchants Exchange July bids: OATS Feed Hat, Fri. Thur. Wed. Tue. 6100 8100 6000 61.80 6160 Barley rM4Ts00 6800 8800 6800 5300 6200 .6300 Brewing 5500 5500 6800 5400 5400 5500 6500 Thirty day delivery: OATS Feed Brewing Eastern oat and corn In bulk OATS White No. 3 Whit 38, elippsd CORN No. 8 yellow .- No. 3 mixed Thirty day delivery: OATS No. S . Clipped . ...,... . . CORN Yellow. Mixed Pout crop of th Peoifte Northwost wtll b far rnor disappointing this season, than th small production of 1817. aooording to all pteeent indication. With th longtst dry period known to th trad ana a ihortaga- of serious moment of nioister for th ntlr asAaon. Initial dtgeinc of potatoes not only shows a smaller sis tuber than normal, but 6 great drM la th gathering pet acre. Thia appliea to (h early or nrid-aeaeon plant- lng of potato. Regarding th lata planting. ther ia very UU1 to say, beoaos there waa very litO planted. Thoa that did Plant their atock late ar a a ml showing little hop of snore than vary small orop, If anything At to Pro duced. Many grower who wsr figuring upon planting potato for late re. did not do to. I therefor th acresge wport mad sou time age ! based apda the expectation, must b sriooaly reduced. Ia th irrigated section th erou will be elos to th normal, nut in most districts th showinc wsU b th tmallest knows ia tb three itaut for man years. .. Insects May Cause Losses in Cereals , " SBjSBJSBaSksSaSSSMS - Precautions Are Necessary to Combat Evil, Says A. L. Lovett of the 0. A. C Butter Advance Is . Justified ;but Is . ,V; Speculation Aid Recent Rise in Quotations Here the Big Plants to Grab Most of Uarkels. Aid Further advance fa thia srld of butter her during tb week may be attributed both to a shortened aupply, and to manipulating influence. beau of th big creameries had for some time been rather liberal, but Quiet, buyer of country etibea, Thee wer purchased At th price In effect previous to the 1st advance of Be a pound. Moat of thia stock was placed in the ice house for thort time stars e. By securing liberal stock of cube at th lower price, th big ereamrrie har been able to fore th market to suit their whims. They hare been able to fore (til hlsbsf ha nrlea of butterf at and make srrvw nmff. wVII. Ik. rtm .. .Mtntn i creamery baa undergone hardships as result of these advsrjcaa. Due to their purchase of th eub at th lower prioae, ajae.averag cost of but r now held by the big creameries has been soawwhat lowered from what noa-specuiatore would be compelled to pay. Ho denial at all can b made that ther b a shortened, lupply - of (ratter. That could easily be surmised a result of the protracted dry sea son. Butter markeU alaewhar bava ahown aimilar advances. Condition, affecting th butter market and pric ar likewise shown In the chew trade, and recent advance r not only maintained, but the markat ia firmer, with Tillamook unable to fill regular demands upon It. Coast Cattle Are Rolling to Kansas City Unusually lares lament f eaUl from the far wastern states. cllly Oallfeen. hav been rc4vd ia the Kane Otty snarka durlnt tit fcsst i saewta. A weeerats sap ply of aaaU from Oeirfernla, Orsgsn end WaaAlnsMA erdlfsartly I xswet4. awt tM r oaiat tM yr kave inerssssd mAerally. The receipu af MtU frwm Oaiifeenta awrln th first six momhs at 181S toialesJ 11.088 whteft I eSSO mar than tit numaer ti4 durlnf th ass1) spsBSlne fsaried wf 1817. Th majority f imm aaU arrtvwd gyring th last tw mafltha, SBS7 belnf re Mlvw la Ntay and 764B In slan. Shipment tram Ortw, wklle a Irul aaHMe titan wsual, are aetlnnlns t arrive, S84 hens belnf re ceive eurinf Jm first attm day af July. NORTH PORTLAND IS FAVORABLE FOR HOG AND SHEEP SUPPLIES Both Lines Show Strong. Tone With Higher Priee forced la the Alleys During the Week Poor Cattle Have Effect Upon Values. 20 Oregon Agricultural College, Corvsllis, iuly Lee of food throagh Insect wtll be saver this rummer unless unusual ear ia taken by mUters, leaders And consumer to protect susceptible cereal. - - "Many of th miners and dealer -who handle th cereal that th food administration la no requiring a subatitut hav alway recognised them as beint mbct to insect attack to such A degr that it has been considered poor policy extensively during th rummer A. L, Lovett, entomologist at Week Mon. ago. 6200 6150 5800 6500 5650 5850 6800 6600 6600 6800 to handi them months '' said O. A. 6. , "To prvnt such losses th department of entomology plans to cooperate with th food administratiau in outlining recommendation and method for aiding tb millers, dealers and con (tuner. "Killers may sdopt s method Of fumigation by gas, but a this is not practicable in the household, an oven may be; used. . . "A method of heating ! cereals la .th 'oven has been simplified and standardized a a result of experiment. In pan two inches deep the cereal is left in 6 oloaed oven at a temperature ot 85 degrees centigrade for 45 minutes, bine thermometers are not within reach of an house wives, a wax has been standardised .that- will melt at between 82 degree "and 84 degree centigrade and t prepared under the direction of the D. S. food adralnlrt ration. It is fur nished In small pieces packed in boxes that will cost the consumer 6 eeata for a aeaaon'a aupply. Directions are simple, for one has only to place a piece of the wax on A paper en top of the certai and beat until the wax melts to a areas spot. Stir and leave in oven fr 45 minute." Stock List Firm With Trade Narrow New York Market Quiet for Short jSesslon New Haven and Tobacco Make Good Gains During Day. Conserve Wool Is A World's Slogan Everywhere There Is a Tendency To 8ave Fleece Requirements Greater Than the Supply 6800 6600 Early Advances Are Lost m Chicago Futures Have Quick Rise but Selling Forces Future Lower Corn Off. 2c at the Closing. . New York. July 20. TJ. P.) Th Evning Sun financial review today said: Today'a abort aession of the atock market was quiet and narrow, but its ton was firm and at time strong. Th opening price wsr stesdy sud. while alt the active stocks advanced frac tionally in the early trading, the best gains 1 1 H Points by New liaven. S points by American Sumatra. Th market, however, wa almost entirely in professional hands and the commission bouses were deserted. The market continued dull and firm. Dut featureless in th late trading. Bang of prices furnihed by Overt) eck gt Cooke vo., Hoara 01 Traaa buitamg: Cbicego. July 20. C. P.l Profit t.kn. caused an early advance in grain future on the urucaro Boara 01 Trade todav. sUin - iimi. oped quickly on the raise and future dropped again. continued favorable war and weather news waa an aoaiuonai factor. Provisions wars ooisierea oy a nignar no markat. July corn ooened lata at ll.liai m ana dropped 2 cents before the elos. August corn, down Ho t th . openin. 81.52 U, . dropped further to 81.50 t th close. Sep tember corn, opening at 61.58 5.. unchnJ lost I c later. July oats up He at ooenine. had lost as n 1 uib cinsv. rtueim cam opened at Tie. nn - 1 i . : ' ' v buu tiwro at v cense, uown cent sm. xemoer oats, up H c on oneninc at idu u 1 th k oviorw we cioee. Chicago rami of price by United Pre CORM July August . . September . July .... August September. , July, September. July, September . July September . I6IS4 182H 155 hi 71 4885 4545 2615 2625 2477 1. High. Low. Close. . 1S2H 1484 1484 1 158H 1484 150 . 154 150 162 OATS 1 74 H TfH 78 H 71 H 68 H 70 70 H 68 H 68 PORK 4545 4685 4885 4548 4540 4545 LARD 2622 2610 2612 2625 2615 2620 RIBS 2445 247 2465 2475 NEW BRUNSWICK LOOKING FOB, A MARKET FOR ITS APPLES Irtfi dlpatcbes from New Brunswick report that the department of agriculture will invea- tlcate at once the possibilities of a market for th Ducheaa or 'ew Branswtcker apple, of which tere is expected to be a good cropln th. province. It is believed that th New England market will absorb a fair proportion of tne exportable supply Potato Complaint Dismissed -. -naabtngron. July 20. l. N. a.) Th In teretate Commerce commission today -ditraiaed tne pompiaint ot uie tjantornla Wholesale Potato Dealers association against tb bout hero Pa cific Railroad eotnpeny. The potato men rnargeo in railroad was distributing cars nn istriy in in transportation of potatoes and onions irom t'acuto coast pomts. New YOrk-London surer Sew Tork. July 20. (L S. g.) mereial bar tilver. nneltanged at 99 S e. London. July 20. (I. N. 8.) Bar gflver unchanged at 48 13-16d. - Com Overbeck f f , Stocks, Bonds ; " Cottoh, Grain, Etc. f DIlCliT; FR1VATE WIRES TO ALL v EXCHANGES ' Tdmbra Cbieage hoard of Trad Oxrrsapndents of Ltoran V Bryan r Chicago. Nar York tl-21t : Board Jot Trade 3andts Vngs, each, ISflSOo; dry hort hair goats, each. eoew - ... . tvrw n. ah . nneea nommaL J CHITTIM OR CA8CAKA BARK Buying nric lor car lott, 10c TALLOW Sio. 1. lie; Ha 3, He; ara. MOrUiB 1 1 7. 40 8 5e per ft. ' .-- tpe.' Paints, Oil ROPE Bisai, aars. Je; wniu. 25 H lb. taadard Manila, 82 He. , r LINSEED UIL lUw. bbls., 81 87 aai; krt. tl bouea, ink 91.0m i saw, cases, 61.872 boiled, cesea, .81.88 gal ; tea of 360 gU --, COALr Ott water wbita tn drums or lroa bbh. 10c gl; caaws, SOe gal. . G A SO LINK Iron bbbv. Sle; case. 8i0. da diitUlata, froa bbss.. 18c; eaeea, 25a. WHITS LEAD Ton. lots. 18 lb.. 600 bs.. TUBPBSTIKB Tanks. Tfwj caaes. 880 j 10 tow, aw - mUS NAIL Baan priee, 88.88, . s.rcrywner mere u a tendency to conscrv wool Becaus of th shortened suDoUaa and th greater requirement. The Oassetu Vfficiale of Genoa. Italy, on Mar 30 contained a deer in regard to consumption wi wuw. si proTiaee tnat tb combing mills can not work any lot of wool, ithef for their own account or ior mat or others, except those as signed to them by the military administration without special authorisation from the minlstrj Of industry, commerce and lahnr Spinning mills for combed yarns on the Eng lish system can work for only ths state sdminlstra- won. spinning mm for combed yarn on th French system that hav a production greater than tM demands of th state . administration may put It into th oten market in an amount not exceeding SO per cent of the amount produced iur um Biai. Th central com mitt for wool ahatl establish wnen necessary, the maximum prices for such yarns and those for the relative woven goods. The spinning mill for carded wool. In addition to the yarn needed for th manufactured goods uiwuneo ior u military administration, are obliged to produce, on the basis of th tariffs fort working stebllsbed by th central committe of the wool industry, yarn for state manufacturers dsstined for the civil population within the limits of the mixtures which shall be furnished to thtm by the state, for any excessr production th carding mill can not put into work any mixture without special authorisation from th aaiaiatry of Industry, commerce and labor. Ther shall be determined, bv a subanunt cr th type of th itate manufacture for civil population and rule ahall be established for their production, for the fixing of price, and for th distribution and sale to th public. rrom August 1. 1818, until a nsw provision Is made, it ia provided that in the production ot woolen woven goods of any kind whatsoever, with exception of what ia established in the contracts for the military administration, then can not be employed more than 80 per cent of wool or ub produete for th carded tm th.- ka of woolen yarn for the combed tybe; more per cent, oi woolen yarn (in all) for the oombed carded type. Moreover, the Yoilnwtn. maximum weight, calculated n th i.k cloth, must not be-exceeded: Cant!, a An per square meter; combed, 880 grama per aauare uir. comoea earaea, 400 grama meter. DESCRIPTION: Am. Am. Am. Am. At Am. Am. Am. Open ) High SH 84 47 '67" 79 M 59 H 67 H 85 H 00 H 66 88 H SIM 30 14 148H 89 57 41 45H T 87" 15. 147 46 82 V 424 62 4 126H 58 H 27 H IK 84 ik" 42"' 67H 78 H 5A 67 4 85H 81H 55 834 40a 30 H 14 69 H 8714 43 45 H 7 67 H 15 H 147 82 27 84 84 Alaska Gold Allis Chalmers, c.v. Am. Beet Sugar. . . . Am. Can, c. Car Fdry., e. Cotton Oil. c , Unseed, c. . . . Looo. , 0 .... Smelter, c . . Sugar, e. . . . Tel. aV Tel. . . Woolen, c. . . Anaconda lning Co.. Atcnieon, e ...... Halo win ixwo., c. Bait, tt Ohio, c... Bethlehem Steel B. Brooklyn Rapid Tr. Butte At Superior .. Cat. I'etroleum, c Canadian Pac. . . . Cent. Leather, e . . Chas. A Ohio. C. M. A Bt Jr. . Chi. A N. W.. e. Chino Copnar . . , Colorado F. A L, ej Con. Gas Corn Products, . Crucible Steel, a.. D. A s. a.,.... Distillers Erie, e ........ Gen. ; Electrio . . . Gen. Motors Goodrich Rubber . G. N. Ore Land.. Gt North, pfd... Greene Can . . . . . Hide A Leathers. Ice Securitie 111. Central Ind'l Alcohol ..... Inspiration Int. Mtrr. Mfine . . Kan. City Soukh.. a. Kennecott Cramer . . Lackawanna Steel . . Lehigh Valley Lottia. A NaahviU.. Maxwell Motors, e . . Mexican Petroleum'. Miami Copper . . . . . Mldrale Hteel M.. K. A T.. c Missouri Pacific . . . . National Lead Nevada Cons. . . . . . New Haven N. T. Ai Brake. . . N. T. Central !. T., Ont. AW... Norfolk A W., e. . . Northern . Pacific . . Pacific MaU Perm. Ry. ....... People's Us ...... Pittsburg Coal. C... Pressed 8. Car, c . , Ray Cons. Copper Ry. Steel Springs. . Reeding, e. . . . . Hep. L AS, C Bock Island . . . Sears, Roebuck A Co Shattuck ..... Studabaker, , e . . Southern Paoifte Southern By., e. Tenn. Copper . Texas Oil . . . . . Too. Product . . Union pacific, e. ; U. .8. Rubber. . . if. 8. Steel e. . v. Do preferred , Utah Copper . . Vir. Chem., a... Wsbaah ........ Wabash A Wabash B . . W. U. Telegraph. West Electric Willy Overland , . Woolwwrth - .iii. Total' sale 186,000 aharea. , New Tork llaak Statement ,.ew Tork, July 20 (L:N. 8.) Bank state-' mnt: Avenge Loan, decrease, 848,824,000; ' de mand depoaite. decrease, 16,048J00: tint de posits, increaae, 81.008.000; reeerv. decraaa. 2,lf,9V. .V ' j "V Actual Loans, decrease, 8179.063.600 de mand deposits, decree. (104.014.000; time Am pesita. ineveas. f3.wS6.000; reserve, increase. 61S.14i.150. . . . . ' 58 H 29 H 100 H 80 62 H 6H 24 89H 72 H 1084 80' 44 614 66 14 24 61 88 H 2H 24 46H 84 28 19 152 67 133 i07H 83 : 40 104 88 434 20 H Low "Th 84 47 4i'4 67' ' 79H 69 H 67 H 85 H 90 H 544 83 H 89!i 80 148 H 69 6T 4114 45 06, a B7 154 1464 46 82 42 82 126 68 H 27 Draft Horses in Very Good Demand tkMdsn.-ngeBsSts " 1 excellent Opportunity for Oregon Breeders, Reports Wayne Dlns mor. of Chicago . Oreenn a rrtcnlttirsl rolls vs. Corvauia. Jul 20. Ormortunitr for breeder of bcvy draft hona in Oregon, and particularly in th Wil lamette valley, ia great, believe Wayne Dine- more of Chicago, secretary of the Perc heron Society of America, who has been making a study of horse conditions In th state and who was a visitor at the Oregon Agricultural college. "There is no Question but that tber will be a heavy advance in prise of heavy bar," aaid Mr. Dintmore. "My prediction ia that grade mere weighing 1800 pounds or more will brine 8500 ach within five rears. 0ldints selling In Chicago at 8800 are bringing 81000 in Great Britain. More thaa 1000 Percberon hone hav been shipped from this country to Canada in th last 19 months 611 in tb last Seven months "Taere is a cwmana ior neavy a rait animal which will lncreaie. Breeding stock will com mand particularly high priee. The Willamette valley- should o rn a posiUorr to supply this want. "11 y impression is that it is an admirable country for tb breeding of high claas live stock. Th Pasture and grain crop ara ade- quat And th grating Season la long and mild." PORTLAND trfMTOCI HUN Rum. Cattla. Calve. Sheen. 9600 8100 160 4.400 4124 3703 113 30.749 8806 8418 8288 2609 1966 2169 4864 2823 8426 . 649 3016 686 176 89 28 68 8 16 870 8,891 1.408 3. 914 4.850 4487 FINANCE, INDUSTRY TIMBER, REVIEWED t: AMERICAN LIVESTOCK PRICES per aquar Orb aha Hes $18.10 Omaha. Keb.. July 20. (L N. S.) Hogs Receipt 10.500. higher. Top. 818.10: range, 817. 60 18.10: mixed. 817.76ft 17.90: good choice. 817.80016.00; roueh. 817.600 17.70; lights. $14. 0Q& 16.00; bulk. $17.80 017.90. Csttle -Receipt 600. steady. Beeves. $12.00 18.26J cowa 'and belfen. 37.26 018.25; etocitr ana leeaere, ta.ouwis.vu; calves, 3L8.50 017.50. Sheep Receipt. 800. steady. Yearling. 8IU.10 (9 14. ou; iambs, 516.23a IB. 60; ewea. iiu.uue i.uu Chicago Hot 81 8. 8S Chicago, July 20. (I. N. 8 Hogs Esti msted receipts 7000. higher. Bulk. 317.76 16.70; top, $18.88: butcher hogs, heavy, 816.80wl6.85) packing bogs, heavy. 817.40 18.00; medium and mixed. 816.00 A 18.20 ncui. ib.o w la.aai pigs. 91,7.00 W 17.60 rourhtl 17.0017.80. Cattle Estimated receipts 8000. steady. 8iiep Kstrmated receipts 11 .000. lowr. Denver Moos 818.20 Denver. Colo.. July 20. (U. P.)- Cattle re ceipts juu. Bteaay. ateen, Sll.UO w 15.50 cows and heifers, 88.00 9 10.76: stockera and feeder, 87.50W1O.50; calve. $11.00 A 14 00 llogn Beeepit 200. Steady. Top. 318.20; bulk, $16.20. Sheep Receipt 800. Higher. Lamha. Iii.vueii.9; ewes, (ii.tV0ll.DU. K arose Olty Met $16.25 Kansas City. July 20. tL N. A) CatU Receipu 1000. "No trade. Hors Keeeipu loou. Market ateady. Too. 316.261 bulk, $18 0016.20; neavlee. 818.10 P 18.26; mediam. flB 17.90018. 16 Sheep Beceipte 100. No trade. Seattle Hog $13.00 Seattl July 20. (I. M. S.) Hogs Re- oeipts. 485; strong. Prims Hghts, 317.76 0 medium beaviea, i,o;is.i; rougn naanea. 315.50 m 15.85; pig. 315.50 ) 15.85. (Stue None. Thai week Last wk Previous week . Month ago Tr ago , Tw years ago. Three yean ago Pour . year ago, rrte change tn th local Hvetock market for Uk wwek ettcawfconed no tarpna. Lowering f catU prioe was) th legitimate outcome of the continued liberal ships sat ot off grad stuff to market, whleh fai tarn effected van tb better grad auotetirma. Really good qnaHty cattle those that oould be aafsly plaeed in the topper rlaea wr eoastneaon by tmttr general absence at North Portland daring th week. Soma fairly good stuff arrived, but th pressur against th poor stuff was so sever that all Quotations wer carried downward. Th situation may be eooaidsred a timely one. Inasmuch as this is th time of th season when grtascn. usually come in abundana and value riant downward, but thia la aoaraely a usual sit uation. , t)oe rally at thia time of the year th greater ar of good quality, and it ia only th greater marketing that cansea values to Show tem porary offsets. At this time it is both quantity and lack of qualiu tliat caused decline. General cattle ranate: Prime ateen 81178013 36 Ooott to ebote steer 10 75 911 75 Medium to good steer 9.50 010.76 Pair to medium steers 8.60 0 9.60 Common to fair ateen 6 60 0 $.60 Choice eow and heifer 6.00 0 8.60 Medium to good cowa and keif en 6.00 0 1.60 Fsir to mediant cows and heifer. 6 00 0 6.00 Cannerv .1 8 00 0 6.00 Bulls 5.60 0 7.60 Calve 8.60 011.60 Stocken and feeder 6.00 0 8 00 Swtn Market Arvanced Quotations In ths swine division of th North Portland market were favorable all through tbe week. Price advances ware general, and there was snap to the buyinf end ot th trad daring th six day period. White this same condition waa indicated gen erally throughout th United State for the same period, swins value her ar in reality higher tftan elsewbere. Tope nere ar carcely to b considered aa good aa tbe tope that generally In vade the eastern trade, and price on tbe local market are but a mere fraction lower thaa in the aigheat markat of the east. Quality there for, considered, this is the premier market of the country. General hog range: Prim mixed .... Medium mixed Bough heaviea . . . . Pi Bulk . Asltavad Baaaor TlsJta K. V. Crtr. prMldent of tb rtrat National bank of Aa&iand, Or., ElaUadl Portlajsd aeuikara Friday. Mr. Carter la miiriitanT to a la homo town from A tnotxtr trip to Semttle. Brerott. Arriartean Lake an4 other potnta in wasnittfton. Tale at Iirlratitra TraaMew Tbo fall- ra of the btmda of, the Tsvient tm ra ti on tUatrtet to psusa to aala. aftar tha annotincrnrrt fcavd hmn aathortsad that thy wcra all rixht, ncXwIthataxwiinr the war conditions, has crsmtM conatama tlon amom tha fariMrs of that aUntrict. The latter btlw that the capttsU tasraea eommlttee baa boea CToly tra4nfixrraed abont th lmmwdlAta of the tni ratloo yatra for that district, la riaw of tha K0Trnmenta lrisUsttettc) am In creaaad production tn atapu Itaea of farm prod acta. The farmers win prob ably Initiate an lnTMUrntioa tn the fe- ller that certain "mrnreiar tafhi enoee hare had sttrmathtss; to da wtth the reported tailor. Piiaomia Rartroad Alaieot riatahe) The Prtnerllla railroad la rasldlw nsvr- 1ns completion, and will probsvbry be completed by Auroat L Tbe ateel la now laid to a polat within fire mrie of the city, from the Jursetlo .with th main line. The rails hae been laid over th Crooked rlwar brtrlf and through th Crooked rtwr Tallwy. suid tha work la now balnar fronhad tip th Ochoco Yalley. Thia work ts profTee1n; at the rate of abont a' mile a day. and the ballast wtll b applied after th steel haa been laid. Every effort ia be ins put forth by the city eeunell for th early completion of the road, which la badly needed In the community. TJalted States Rvnn-rTh Internal revenue col lection 8 for the flacal year ending; June SO teat totaled $1,672,600. 000. The collection for the precedtns year were $800,000,000. Thia year'a col lection exceed by nearly nOTJ.tOO.aOw tb estimate mad when the war revenue . iaeHre wer pa an ad by eonaj in Jaat year, Foar thoaassivt petvotia were em ployed In the wet-st and the total eaet tb ssssctloo wast only $11,600,000. Th pattoUajm arouaed by the-war con tributed largely to the aueceea . of tist work, and the Utapayar smlgtutf And cooperated with th rovernment- A de temOneal effort will b made tx brtrrs to nookt tax evader in are ry part of th ctyuntry. Tb treasmry tstresMty ha avi denc ag-ainat a lars number who hav aousht to evada taxea, and by chocking up contract ex pact flrsalrw t dlasmvr ' aad puniatv msxiy tax vadera. aa well aa recover Ults amount of revonue, Il legally withheld. --"&-. SoWlsr aad SatlM laaaraaw Beei e tary McAdoo haa received th following; cablegram from General Pernhlnf : "Alt . ranks of the American - expeditionary force appreciate deeply th avneroua measure the government haa taken to provide Insruraac far their f am 11 lea., in . proof of which mora than 90 r cot. of th men have taken out insurance, '-.To wisely pruttafuu for their loved rme hearten or men and atrensthens.'.the bond that oaite th army aad peopt in onr strong determination to triumph. ' In our moat right mi enm. Th bu reau of war risk frteruram-w tnr t June IS ha WTttten $;i.566.0Ofl.6O0 rrtstrranc. reprrrttntt 2,(70.458 appllcaOona. Th average amoTmt of rnsurance applied, for la 18 2 17, and In some battallotts and reg-. hnenta, some fn France and some here, every man haa taken ont mswaTie. In some unit every man 1 man red for the maximum f 10.000, One of the American general says that thia govei unient 1 n rarajke la an element of victory. AH IJberty bond bolder and all perehaeera of War Savings Stamp" may feet at they had a part bv thia tararuice-th most lost and humane provision, ever made by any nation for tt fighting men. Wool Imports to Be Closely Watched Government Chaoses Pol ley aad No Additional Supplies Can Be Sent to Private Dealers. 68 H 29 M 10014 80 -624 24 40 H 72 H 108 80H 44 6L 66 U 34 H 614 89 93 H 24 46 r 84 23 19 162 674 123.H 108 82 . 80 10 43 20 84 68 H a 29 100 29 H 52 V 6H 34 89 H 1084 io' 44 ; 4 e 51 H 66 244 61 U 88H 91 284 4H 84 28 19 152 66 121 107 63 60 10 85 a 20 Close T- 84 67 47 85 42 41 67 78 111 96 69 67 85 90 64 83 40 29 19 148 68 66 99 40 47 85 48 66 4 87 16 146 168 40 82 90 42 10 82 96 129 69 27 17 83 82 58 107 29 100 30 62 6 38 69 20 4 40 126 72 20 H 108 87 80 48 44 61 65 24 61 88 92 88 188 ie 494 88 23 18 152 67 121 62 1VT 111 82 49 10 41 25 85 42 30 110 INDIAN WHEAT CROP SMALLER THAN WAS RECENTLY FORECAST to snaian department of etatisties places ths area Under wheat ia India on April 80. 1918. at ss,sas,vg aorea, and th probable yield at 1O.130.000 tons, against 86.461,000 Acre and imii.duv son reported In, an earlier forecast. XeoSIpt Or ew IlSUrea from tha nntnl provinces and Barer, the northwest frontier prov ince, AJmer-Merwara. and- the Qwalior state In Central India caused thi revision. Th H,,. mnt Mate that th condition of tbe orop 1 good in almost All th Important wheat growing proT- Aaswyaj. Money and Exehanee w York. July 20. '(1. N. S.) Sterling exrnsnge wa vteady with busines In bankers' bill at 84.75 6-16 for demand: 84.73 for 60 aay dhi ana 84.71 for 90 day bills. iWlFT INTERESTS GET LAITSS ji IS BRAZIL FOR-J?EW PLA3TTS , The gorernment af Braail has authorised th port company of Kid Grande do 8ul (Compagnle lYancais do Port da Bio Grand do Sul) to transfer by sal to the Cempanbta Swift do Braail a part of its land amonatmg to nearly 9000 sur meters, of wkiebr 6201 aqnar meter belong to tne port company and 2607 cetera is aoewument Toreeiisr ntwwartw. . It further provided that it this land at ' aomd later t . be. noeeeeary tor tn improvement f tne pert,, then th Swift company shall be obliged t resell, tt to it original owner at th cam price that baa been raid lor It. - . 1.06018.20; Ughte. $17.75 017.90 17.500 17.65 16.65016 85 r 16.76016.25 17.60 017.65 muuon Firm and Higher firmness wa apparent all through the mutton sad lamb alleys at North Portland for the week. A more favorable buying demand could scarcely be considered. Receipts were only fair during the period, and right from tbe opening the week showed decided strength for all offering. - Fw of tb sheep or lambs that same forward were of the most desirable quality; In faot tops were scarcely obtainable, and this naturally was reflected In tbe beet prices available for offerings. Mutton markat consumption Is gaining ground in this territory, a condition which nackara hava been trying to foroe for many years. Thia move ment I naturally aided to some extent by the ex treme cost of other meat, aad especially pork, for which mutton I now considered a very good substitute so far as the fresh meat is concerned. Ueneral mutton ran:' East of mountain lamb $1 $.7$ 014.35 jeiiey lamoa 18.50014.00 Yearlings u n i a nn Kwee ..; 00 0 s no 2Cw Tork Sagar aad Coffee Wool Grading Good;. System for Grower Better Price Received for. Fleece Whevrever it Is Sor1er Seaae --f Canadian Result . Tbe supply of wool In th United State ha been gradually dereaslag owing to tb starmnss demands for military requirement, aad becaus of the abortag fn ocean townac for transporting wool to thia oowntry. and tt is avldeat there will not be sufficient wool to ma ear of both civilian and military need unlee om oomprehensiv plan is adopted for purchasing and importing th see- ssas.rw euoutv. It Si apparent that wader the pi emu sjlts ef Brivat transactions la wool It u aimeoit nan the utilisation thereof in the beat interests of the) country, and likewise difficult for Individ mil to secure the necessary tonnage becatts of lack ef assurance tn th shipping beard that tha wcuts imported wilt be aswd for th national assMsta, Th war trad bear, after iswsssltatiea wWb tha war indastria beard aad the war tepartaseat, have therefore adopted th following ruling (W. T. B. B. 166) : 1. All outstanding licemwa for the laipuite tlon of wool from Uruguay. Argentine aad Bssata America ar iwvosed as So ocean atiljminw mad from abroad after inly 38. 1916. 3. Hereafter a lirsns for tha Importatio af wool from the countries abova lefetrvd to far shipment from abroad after Jury 38. 191 S. will be issued for tbe remainder of tb ywnsl cal endar year, except to tbe nsrrrmaetr gsweral of the United State army. camtark has has I Hl, V.W T1 A A iw tm - Sheep Becetpte, 270; steady. Lamb. $18.00 1 . J nil 1 i... v.- .1 ' ee Boot 18,50; yearUngs. 38.00 09.60; ewea, AavOO 8tigar;ntrifn;.r oV ' "C' 0 7.00. Gertnaa Banned In West Virgin la Charlestown. W, Vs., jury 20. (I. N. 8.) The Oerman language will b elim inated from th course of study In all the schools of West Virginia. Th State Board of Education by tmanl mouse vote adopted a resolution to thia effect. ha awe rlsswtfWd That grading of woof at prmsary ana aa increased, prtse to th the experience of all section tried the new lyiuw- C. A Cossntl K, erae mi loss, from MosMtoa, Kew Bvwnswfc. ym: "tAefeiik to tb report traravwritted Vj thts ermwalate, dearlng wttk the aataMktbment or a awvtem of wool STdw awd uuisU saUiitg traswwvcx. reewsva m vm bibb m aswi ml th wool straaexy taw saosw t sod rredcrsctea have wnhlte "Tbe wwo t fiilerk-siw aw Istar rrow snartsara. a 61 aer ewnb lev aaedisua, 88 paw easst; S per eewt: tvteeta. 4 pw wnt: to, 4 P own. Its swprais! value, ! 'I k eewt per Bwwwa, h greea claws by rlasw taw: s-rnw a sip am. 81: mwdiwaa. 7S: W sxwm. -13t sasrx, 67: rwjerre. 64; tea. 2. "It wta be no tha Use saajoe pasrtsosl t ths wwel ha beam sswdwd aa low ib4twsb aad medhrm. aad USst th prle range frwaa TH tw 7S. wtth 8t fin a-dsam , T aetosa ar taw freight t Boatow, whaeb -will amwant t sbewt He per s i it. "Tb wool weuafatad at tbe Uewotoa ware- sl . a m a iii J 1 - ' awatsa V . awtrtem; iiiawsiaiuy taw wowt gruwem U't Idoasetaai district win mls a ' a Th tw waswhnsts at FrecWrVtoW) n7 Kow tow continued to take m wwot -earns tn arrtir monfb wf June, thw grrist wonl gfOSers be have held tbetr srani a wporaatp to atarbet tbresseh th oearaUv aaaasmtas.' . , fta Fraaet Orala Xaraet an rraocW. July 3. Caa gvatat Barley - Per cental, new. market Bomirunr arovmel z ss roe reo. Oat Per cental, red feed, aomhssl sad at $2.86 02.: do sawd, Wghsw, POTATOES ALL ALONG THE COAST f aan Franc tec Market San Francisco. July 20. (U. P.) Oalons Per cental. $2.00. Potatoes Per cental, new, field ran. Delta. $2.25 0 2.50; do extra fancy, 32.00. Los Angeles Market Toa Angeles. Jury 20. (T N. S.) Potatoes Northern, 82.00; sweets, 8e per lb. ; new. 65 0 70c lug. $2.00 per 100 Tb. Chicago Dairy Prod see Chicago, July S0 (L N. 8 ) Butter Re ceipt 6820 tubs. Creamery extra. 48 0 48 e; firsts. 42H45c; packing stock. 83 0 34c Ergs Beoeipta 11,398 cases. Current receipts. 84 et 87 He; ordinary firsts, an&asc; firsts, 82($S8c; extra. 42 0 48c; cbecka, 27 0 29 He; dirties. aOH082Hc. I (Loaa Orergabserlbed) $10,000,000 Gudahy Packing Co. Sinking Fund FIVE YEAR 7 Gold Notes DATED July 15, 1918 Denomination $100 DUE July 15, 1923 $500 $1000 Registrable as to principal. Coupons payabl January and July 15, In New Tork. Boston and Chicago. Callable at 101 and interest on any July IS with 20 days' advance notice. Aaaaal sinking fond of It per cent provided la trast ladeatare will retire at 161 at least $6,006, 6$ of thi not lisae before matarlty at 161. The trust Indenture securing these not a provides that during their life the Cudahy Packing; Company cannot increase on any of its properties, its present mortgage indebtedness, or issue, guar antee or -indorse tny bonds, debentures . or long term notes except to acquire - additional property; also that in event that such an indebtedness shall be incurred for the pur chase of plant property quick assets must at all-times be main tained it a minimum of 200 per cent of the amount of these notes - then outstanding. Further security requirements behind these notes is that quick assets must always be maintained at 150 per cent of total current liabilities. Subscription books were opened July t9th and closed the same day. Anticipating that the character of this loan and high credit of the Cudahy Packing Company would occasion immediate oversubscription, we subscribed for a large block of these notes with our own funds. While any are available we will accept orders at original subscription price, to yield. 7.50 to maturity, and on that portion of the loan that if called annually, July 15, at tot in accordance with 1 5 sinking fund (a-minimum of 1,5 00,--000 annually), a much higher return without deduction for any Government taxes except federal income' tx ; In excess of the nor ma! tax of 2 per annum.- - . Payaveat is ealled for laly C$th. Those desiring may make Immediate payment agalast oar Interim re- -ceiptsj to yield fall laterest beglnalag rm mediately. Price 98 and accrued interest, to yield 7.50 . (That portloa aaDed et 101 war yield much more) - 'Normal Income tax up to 2 assumed by Cudahy Packing Co. ' . We raerv the privilege of " withdrawing this "offer at any , - tun snd advanclna; pric of notes to accord with market price. L.UMBERMENS COMPANY , 1 CAPITaC ABO SUKPLOS $60O,bo6 UTJMBERMENS BUILDINQ 'fifth And $94,500 Greater Winnipeg Water District Gold Bonds Dated 1st June, 1918 Due 1st June, 1923 Interest payabl 1st Jus and lgt Dcnbr Principal and Interest payabl in (old at Bank of Mmtral ia Toronto, -Monty!, Winnipavt; aad Nerw York City Coupon bonds 1st itari station ef $1,000, (500 aad $100 Legal Opinion of Messrs. Melon, Melon ic Long These bonds are a direct obligation of the Greater Winnipeg Wtter Dis trict, a corporation constituted by Special Act of the Manitoba Legislature, ' with powers to construct and operate a waterworks system to serve Greater. Winnipeg. The District comprises the City of Winnipeg and its more impor tant suburbs, witha total area of 91.79 square miles and a combined population of, approximately, 220,000. The bonds are a direct charge on all the taxable land within the District, the assessed valuation being in excess of $226,000,000. The taxes levied by the District rank equally with all taxes raised for other municipal purposes, and are collected at the same time and in.the same manner. The bonds are additionally secured by the hypothecation with the Bank of Montreal of 92,500,000 (513,698) long-term Sinking Fund securities of the District, which are a first charge on the entire waterworks system and proper ties of the District. The proceeds from the sale of these securities must be held to retire this issue at -maturity. The total outstanding debenture debt of the District (including the present issue) is $1,283,112 long-term debenture, stock listed on the London Stock Exchange and $9,500,000 short-term deben tures temporarily issued against long-dated collateral as above referred to. Price: 92:6$ and Interest. Yielding 63' Orders may be telephoned or telegraphed at ourNexpense ."Official permission for the issue of these securities aa required by Order-in-Council (3439) of December 22, 1917, haa been duly obtained. Such permission, however, does not constitute an approval of the issue as regards it merits or security in amy respect It signifies merely that the sale of these securities is not considered to he incompatible with the requirements of Canadian War finance.. . v Passed by the Capital lsus Committee as not incompatible with the National interest, but without approval of legality, validity, wbrth or se curity. - . ; . . MORRIS BROTHERS, Inc. Tit Prejmle Msiiikipea BW Hosm f Oregon Government and Municipal Bonds PORTLAND, OREGON Tlepkn Main 3409 Established Over Twenty-Fiv Ysmtb.