THE. 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.