-THE OREGON DAILY JOURNAL, P ORTLAND. TUESDAY, MAY 20. 191&V
21:
PORTLAND
IS PAYING MORE FOR : ITS MEAT PRODUCTS
Edited by
Hyraan IL Cohen
TOD OF EGGS IS
TOWARD HIGHER PRICE
ALONG THE COAST
Values Are Maintained at Higher
Figures . Than - Anywhere In the
Eastern Primary CentersBia Fel
lows .May Be Proteetlng Themselves.
Trend of the tn market prio continue to
how gaining strength. While, most L o. b. In
teest hare recently advanced their buying price
tr current receipt to 44e a doaen, him ere re
ported to be paying M bleb a 44 to few
; sejertad big hippers.
- Egg price . her nd elsewhere along the
Pacific Coast continue far in exces of thru!
" qaoted at Chicago and at the present price here
tttict an tw ulelr brought forward from the
: central west for storage purposes and even after
, 'paying the - liberal freight eharge, land the sup
ptte at no. greater cent than is being paid for
: tarsi atock, at -th moment.
I There . la much mystery in the egg trade at
. this time. It appear a if kim of the big la
ureate were trying to protect themselves against
I lower price on their storage holdings and for
; that reason are forcing valuof atill higher. A
Ion; as the -buyer will -take the supplies at the
i-advanc it will establish the market at the x
: tSnm figures. Receipts in the Meantime con
tinue liberal.
" 4 Dairy produce receipt at Portland Monday:
Hforni .
Idaho .. . . .
, '"regon .. .,
Washington
0,284 pounds
216 pounds
10.250 pounds
8,198 pounds
Total
fVllforoia
Ijotorado ,
regon. . .
I Total .
CHEESE
EGGS
. .22,046 pounds
, . 0,005 pounds
372 pounds
, .15.483 pounds
,..25.850 pounds
Cases
Exp. Fit.
. '. i2 es2
.... S3 15
. . . . 662 647
..... 1209
Idaho . I . .
; Oregon ....
Washington
J Total
Grand total
i ' .
I UTTER MARKET FIRMER HERE
Market for butter continues to reflect strength
the local trade with prices' maintained for
all offerings- during Die morning. Cubes are
moving oat as quickly as they are received.
BERRY MARKET RULES EASIER
I Strawberry market is ruling easier for local
slock with home grown supplies offering. On
the East. Sid Farmers' market sales of Gold
Hollars were made down to $3.75 while along
tfce wholesale way sales were at $4.00 5.00
per. crate.
iEW CALIFORNIA GARLIC HERE
I. err & Spicgl were displaying first arrivals of
lifornl garlic for the season. The stock was
quit well matured and the holders were asking
7jSc a pound, the recent high mark.
IOHLTRY MARKET HOLDING FIRM
Poultry market continues strong along the
reet with general sales of hens around 85c a
' r und. JJroilers are selling at 82 0 85o a
pound for very light weights with as high as
45c paid for 1 to 2 pound 'stock.
SCRAP" FISH IS HARD TO MOVE
4 j Because of the liberal offerings recently
- 'Wrap fish, such as ling, cod and similar vari
tie is hard . to move. Fishermen nave been
instructed not to bring such stock to market
' because there is practically no sale for it at any
. -price. People will not buy anything except aal-
- njoo and halibut. .
Brief notes of produce trade
A Ceo and eliocolate up 2a a pound.
I Country killed meats steady.
' I Potato market is stagnant again.
: 1 New potatoes - slightly easier at 8 0 9e a
: pound.
:j Slight increase in offerings of California cher
f ties. Good quality.
t BATHER NOTICE FOR SHIPPERS
Weather bureau advises: Protect shipments
ring the next 86 hours against the following
. maximum temperatures: Going north, 72 de
. grees; northeast over the Spokane. Portland &
Seattle railway, 83 degrees; east to Baker. 83
degrees, and south to Ashland. 80 degrees. Max
; amum temperature at Portland tomorrow, about
5 t5 degrees.
FHOLESALE PRICES IX PORTLAND
Mohair Fight
Quite Serious
Trade is Pocketing a Nice Little
Loss as a Result.
y Hyman H. Cohen
, That mohair tfftde at this time is showing
practically tha same condition' as that indicated
in the calf skin market during recent weeks.
Inother words there is a fight on . between
local handlers and some of them appear to bare
let their hatred get the better of their Judgment
with the result that goat shearers are today ob
taining a far greater price for hair than the
stock can actually be sold for in the Eastern
trade.
On the ' basis of what mohair will sell for
the east at till time the market price here
Id not be higher than Sue a pound but
nevertheless business baa passed here in pool at
better than 12c a pound above this price.
Hide men are pocketing a ' nice lictle losa of
about - 10c a pound on every pound of calf
skins they purchase at this time bat as long as
they are willing to pay ' the price the country
will gladly accept it.
Those desiring special information regarding
any market should write the Market Editor, en
closing stamp for reply.
pi tl
TTOUll
Chicago Cereal Is
Sharing Advances
By Joseph F. Prltchsrd
Chicago, May 20. (1. N. 8.) Higher prices
for grain ruled all around on continued buying
of ahorta right up to the close. The advances in
corn were Hie for May. 3 0 3 lie for July,
and 2 0 Se for September. In sympathy with
the strength shown by corn, oats were higher,
the May gaining U. July 2 2 c and Sep
tember 2 c
Provisions were strong at advances, pork
gaining 73a91.10, lard 23 37 Vic and ribs
18 0 45c
Chicago, Hay. 20. -(I. I. 8.) Corn started
e to 14 e higher today. Unsettled weather
and estimated receipta of only 40 cars were in
rwtives for scattered buying.
Oats opened unchanged to c higher. Of
ferings were small, with buying scattered. Trade
was dun.
Provisions opened slightly higher. Selling was
limited -and inspired by decline in hog prices.
Tiads was dull.
Range of Chicago prices as furnished by the
United Press:
CORN
Open. High. Low. Close.
May 173 177 175 176
July 162 ,165 162 164
September ...137 158 156 158
OATS
May 68 70 67 70
July 67 60 66 60
September ... 63 H 65 63 65
PORK
May . ... 3420 3450 3415 5450
July 4025 5O10 4t)25 5010
LARD
May, .. 3380 3400 3380 3400
July .. 3130 3162 312U 8162
September ... 3080 3132 3080 3132
RIBS
May ........ 2905 "2025 2905 2925
July 2725 27V& 2725 U775
EARLY ADYAJfCE IN COTTON
IS FOLLOWED BY LOSS
New Tork. May 20. L N. 8.) Wet weath
er over the central and eastern sections of the
cotton belt, firm cables and active cotton goods
market were responsible for an opening advance
of 4 to 9 points in the cotton market today.
Later, however, offerings from speculative
longs and southern selling led to a decline of a
dosen points.
Prices advanced in a sensational manner late
in tha afternoon. The market was finally ateady
at a net advance of 85 03 points.
PACIFIC COAST BANK STATEMENT
Clearings
Mi.nday
Tuesday
Clearings
Balances
Clearings
Balances
Clearings
Clearings
Portland Banks
This Week.
Year Ago
.3 3,897,684.11 . 3 5.927.983.62
. 5.158.737.20 3.671.212.23
Taoomn Banks
, 8 070,301.00
225.463.00
Seattle Banks
8 7.186.024.00
1.307.756.00
Ban Francisco Banks
$27,081,615.00
Los A net lee Banks
8 6,001,467.00
Naval 8 tors Market
New York, May 20.- (L N. S.) Turpentine-
Mavannan, 76 He; Mew Xork, Sf DOSc.
Kosin jkrannah. $10.70; New Tork. $12.23
San'Frairelsco Cash Grain
Francisco, May 20. (L P. ) Cash
San
grain:
Barleys No. 1 feed, $2.57 H 2.62 U
ping. $2.65 ($2.75 at Port Costc.
Oats Red feed. $20 2.40.
ship-
pve
I 1
These are the prices retailers pay wholesalers.
xeept a otherwise noted:
' Dairy Products
BUTTER Selling price, box tots? vjreamery
rints, parchment wrapped, extra.' 68e: prime
irsts. 56c; ftrrts, 64c; smaller lots at an ad-
snee. Jobhina orb-ea: Cubes.- extras. 36(9
fcigher.
I BUTTERFAT Portland delivery basis. 62
- B4e: price at country stations, 66? 57c.
OLKOM A rWi A RIN E Local brands, 3060o
th. ; tibs, 32o; 1 -lb. cartons, 40c; 2-lb. cartons,
, B5Ho; Nutmargarine.. 1-lb. cartons, 31e lb.
: f CHEESE Selling price. Tillamook, fresh
- Oregon fancy full cream triplets. . 8 5 86c lb.;
- Voung America, 33 9 87a lb. Price t Jobbers,
fob. Tillamook, triplet. 3 4c: Young Ameri-
It. Kfir. Selling price: Brick. 43c: Limburger.
B7$38c: block 8wiw, 47jt48e per lb. Buying
lyrics of Coos and Carry triplets. 33 Ho;. Young
MCI K,. W TfV , ,, V. V. JMJIMW M I
BUGS -Buying price. 44e per doe.: selling 1
rice, 45e; candled. 47o per doa. n
KGGS -PubUo market retail selling price.
0c per doa.
I.IVB POULTRY; Heavy hens. S5a per lb.t
ight hens. 33 340 lb.: broilers. 32 6145a lb.;
lid roostera, 18a lb. : stags. 20o lb.: sauabs. $3:
Mucks, 85 lb. ; pigeons, $1.30 0 2.00. per doa.;
turkeys, Uv. 80c lb.; aressea, 4ua id.; geese.
ve, 17 per Jo.
Fresw vsaetanis ana rrurt
FRESH - FRUITS Oranges. $4.25 9 5.75
9er box:' bananas. fiHtc.rer lb.: lemons.
3.TB.0O; Florida grapefruit. () ; Cali-
L iomta.- a.uug-zo.
V .STRAWBERRIES Florin. $3.00 per erare:
iOregoA, 4.00 5.00.
i APPLES Various varieties, $2.75 (9 3.00
ser box.
f 1VU1ED FRUITS Dates. Dromedary. ( ) :
;Fards, I-) per boa; raisins. Three-Crown,
liens Muscatel. 100 lb.; figs, $5.00 per box of
i0 a-oa. packages.
I ONIONS Selling price to retailers: Oregon,
M.00W460 per cwt.; association selling price,
fcarload, H t. o. b. country ; garlic, 60 0
i75e; green onions, 40c per dozen bunches; new
CalifomU yellow, $3.3093.75; wax . $4. 50
;.tb crste.
POTATOES Sellina BrieSL tl.B0lBl.T3 ner
evrt.-: buying price for fancy large sixes, $1.25
ei.oe: onlirtary, ai.oo per cental; sweet, lze
lb.; new poratoes. 8 H Ro per lb.
YEGETABUIS Turnips, $3.50 per sack;
esrrota. $3.50 per-sack; beets, $2.50 per sack;
eatbage, California, 5 6o per lb.;- let
tuce, $.75 per crate I celery, $1.B0 dosen;
artichoke. 8fc$1.00 doa.; encumbers, $1.50
2.25 per doa.; tomatoes (Mexican). $4.25
4.50 per lug: eggplant. 20o per lb.; eauliflower,
California. $3.23 per crate: horseradish, 15e
per lb.: bell peppers, T5e per lb. : peas, 12
UH lb. ; spinach, local, 8c per lb. f asparagus,
local, tl.TS f2.23 per do, bunches; rutaba
gas, $2.00 2,25 per sack.
Meats and Provisions '
COUNTRY MEATS Selling price: Country
hogs. 23026a per lb.; best real, 10
10H0 per lb.: lamb, 27 290 per lb.; mutton,
e0 22e pet lb.
8MO!vEI MEATS Ham. 35 042c: break
fast bacon. .35 965e: Picnics, 2 9o; cottage roll,
36c: short clears. SO 84c; Oregon exports,
sa-nked. 31e pee Tt.-.
IiAHD Kettle rendered, $16.20 case;
standard. 85c IK- lard cnmpnnnd 26 c
Pish SM4J Bhallflth
FRESH FISH -Stelhead salmon. 13 9I6
Stoaka, Bead, Cattfta, Oraia, Eta,
' tl-tl7 Board at Trada BalldJaa
Overbeck&GookeCo.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
-Xezkaers CBlearo Boartt at Trad "
"'" " - -' '
CorrcgBoadcaU af Loraa tt Bryan
CsJcaro . "' -.Sfew Tork
per lb.; Cliinook, 18 20c; halibut, fresh. 13
18o lb.; bUck cod, 8910c; silver smelt. 14c;
tcmcod, 8c; sturgeon, 18 & 20c; fresh herring,
6 W 7o; dressed shad, 6c; shad roe, 10c lb.
SHELLFISH Crabs. $2.25 e 3.00 per doa.;
sLrimp meat, 52c per lb.; lobster, 30c per lb.
OYSTERS Olympia. gallon. $3.50; canned
Eastern, 75c per can, $9.00 a doaen cans: bulk,
$4.50 per gallon.
- Groceries
SUGAR Cube. $18.35. powdered, $10.23;
f-uit and berry, $9.65; D yellow, $0.65; granu
lated. $0.65; beet, $0.65; extra C. $9.26;
golden C, $9.15; cube. $10.50.
HONEY New, ) per ease.
RICE Japan style. No. 1, 914 c; New Or
leans head. 11 12c; Blue Rose. 9 10Ke
per lb.
SALT Coarse, half ground. 100s. $16.00
ton; 60s, $17.50; Uble dairy, 60s. $22.00;
bales, 33.10 0 3.25; fancy table and dairy,
$30.25; lump rock, $25.00 per ton.
BEANS Oregon (sales by Jobbers) : Lady
Washington, 8c per lb. ; pink, 8c per lb. : limas,
OUc; bayou. 8e; red, 7c; Oregon beans, buy
ing prices nominal.
CANNED MILK Carnation. $6.40; Borden,
36.30; Aster. $6.30; Eagle, $10.15; Libby,
$6.40; Yeloban. $6.20; Mt. Vernon. $6.80
case.
COFFEE Roasted. 310 45c. in sacks or
dmms.
SODA CRACKERS In bulk. 17o lb.
NUTS Budded walnuts, SO H 31a pe lb.;
aimonds, 24 0 2e; filberts. 28c. in sack lots;
peanuts, 15o Pecans, -26c; ; Braails, 88e.
Ropes, Paints, Oils
ROPE Sisal, dark. 22c ; white, 21 He lb.;
standard manila. 28 He
LINSEED OIL Raw. bbls.. $1.08 gat.; ket
tle boiled, bbls.. $1.08; raw, cases. 31.95;
boiled, cases. $2.05 per gal.
COAL DIL Water white, in drums or iron
bbls.: 1 So per gal.; eases. 24e per gal.
CAROLINE Iron bbK. 22 He; cases,
82 c; engine distillate, iron bbls., 14cj cases,
24o.
18etITE I"EAD Ton lotsv 13 He; 500 lbs.,
TURPENTINE Tanks, 80c; cases. Oftc; 10
case lots le lees. , .
- WIRE NAIL8 Basic price, $6.15.
Hops, Wool and Hides
HOPS Nominal. 1018 eror.. 88e40e Tb.
iIlJmZSo- 1 slt-cured bides. SO Hm. and
HP, 19e: No. 1 part-cured hide", SO lbs. and
itp. 17 ; No 1 green hides. 30 llw. and up.
16c: No. 1 ralt-cnred bull hides, 60 lb, and
up, 18s No, 1 part-cured bull hides. BO Bs.
and up. 11 He: No. l grm, bnn hides. 60
Jb. and up, 10c Th, pr, of Nft t hMn
. 1 r.". -le rr . less tlvstl on No. 1. No.
1 ealfskuis ur to 15 lbs., 45c: No. 2 calf
jkms up to 18 lbs.. 43c; No. l kip-kins. 15
to 25 lbs., 25c; No 2 kirkins. 15 to 23
lb.. 2e: dry flint hides, ? lbs. and up. 80c:
dry salt taag or buU hides. 14c; dry cull hides
I upJ 'Stf,: drT calf hides under
TTbs., 34e: dry flint stag or bull hides, 20c:
iZt 8t,2r ?" .e: dry cull hide-,
and skins half prices dry aore hides according
to. sixe and quality, each $1.80 9 3.00; rait
hi,r' hiJe. skinned to hoof a.Td head on, $3.00
f 5.00: bor-s hides with heads off. 50c leas:
dry long wool sheep pelt-, per lb., 25 0 85c: dry
nedium wool sheep pelfs.- per lb.. 203Oc:
dry shearling sheep pelt, each. 507Se; eaHed
lon wool sheep pelts, each $2.0004.00; raited
medium wool sheep pelts, i each, $1.00 0 2.00:
salted shearling, sheep pelt eseh 60 0 73c
1 M0HA'Tr r"n" tpl eO063o lb.; short
staple. 4O0 43tf Per Tb. . .
JAIAO,W PRIEAIBE No- 1 ' tallow,
708e; No. 2. 6 0 7c; No. 1 grease. 6 0 7o!
No. S areas. 80. V-
CHTTTIM OR CASCARA BARK Old peel
TSC8nti. ,.Ses new preU 8010c per lb. .
"WOOL Jalley, H blood Merino and Shrcp
sliire, 43 9 50c: Shropshire, 45 0 50e; Oolswold
and Linedn, . 40 945c; matted Cotorwold. 30 0
85o; , timber stained. 5 per lb. less; Iambi
wool. 4o per lb. 'less.
Eastern Oregon. Eastern Washington : and
California Wool Merino and Shropshire, 88 0
40e; half blond- Merino and Cotswold, 37 0 4oe
Shropshirr, -37 042c: Cofwold and Lincolnl
straight or mixed. , 32 0 85c; barry. 5c per lb.
less: lambs, 4 e per lb. leas.. '
- Fin Wool- Merino. ; combing and -carding
grades. 30 W S3t
PROVISION PRICES ;
GO UPWARD WITHOUT
CHANGES IN HOGS
Portland Market Appears to Have No
Real Basis for Advances or Deellnea
In Hams, Bacon and Lard Action
of Trade Is Erratic
Just what is the basis for making of pro
vision price in Portland has been a mystery to
tha trad for soma years. Packers have asserted
on numerous occasions that the price of hogs is
the only dominating factor which tends to lower
or advance the price of ha ma, baeon and lard,
but this appears to not be, the case in this sec
tion. ' , ' '
There have been times when the price of lite
hogs has actually advanced and provisions have
declined and periods wherein bog have declined
and tha product hare actually gone sharply
higher.
The following list of price an th best bogs,
hams and lard for various periods this season
will confirm the absence of anydefinlte basis for
provisions :
January 1
January 20. . .
February 10. .
March 1 0. . ...
March 17.,..
March 24 . . .
April 8
April 23
-May 6
May 12 ....
May 18
Hams.
.$740
. .80
. .87
. .37
. .38
. .89
, .89
. .40
, .41
, .41
. .42
Lard.
$14.03
13.50
13.11
13.80
14.03
14.51
14.76
15.40
15.07
16.20
16.20
Hoes.
$17.25
16.80
4 6.75
17.75
18.23
10.00
10.25
20.25
18.50
18.23
L8.23
Urgent Buying of
Marine Issues in
The Early Trading
STOCKS CLOSE STRONG
New York, May 20. (I. N. 8.) Th stock
market closed strong. 8tl common rose to
103 and dosed at 101'.. Other staei In
dustrials mad good gains, Baldwin closing a
100. Ohio Cities Oas advanced . 6 points to
new high a B29s, closing a. 1 Vs under this.
Marin shares were heavy and rails wee Ir
regular. American International closed at 93 'i ;
General Motors, 1 82 ' p Marine preferred,
12B; Mexican Petroleum, 1S1Va; Southern
Pacific, 108'., and Sinclair, 64,
New Tork, May 20. (1. N. S.) Th stock
market was slow at the opening today, with ma
rine issues strong, while other stocks were heavy
and sustained losses ranging from fractions to
over 1 point.
The statement made by President Franklin
lan night and eiictation? that official an
nouncement would be made at the directors'
meeting thia afternoon caused urgent buying
of all the marine issues, the common advancing
1 to 57. the preferred 2 to 126. and
the 0 pet cent bonds to 103.
The general understanding is that the bonds
will be called for retirement at 110. American
International .advanced two points to 05, but
leacted to 03.
Steel common opened higher at 102
and then yielded to 101 . Baldwin Locomo
tive rose to 90 and then dropped to 97 .
The railroad stocks moved in the same way,
with the exception of St. Paul, which advanced
te 47.
Trading was irregular in the forenoon. Steel
cemmon falling to 101, whil Baldwin, after
dropping to 97, rose t 99.
The rails were active and strong, Missouri Pa
cific advancing to 32 , while Texas Pacific rose
nearly three points. St. Paul, after advancing
1 to 47. lost nearly all thia gain. Indus
trial Alcohol roe three points to 158, but
quickly declined two points. Marin common re
acted from 67 to 64, and the preferred
yielded two poinU to 124.
The 6 per cent bonds were strong, moving up
to 104.
The market was strong during the afternoon.
Steel common rising over 1 point to 102 , while
Baldwin rose 2 to 100, -United Alloy Steel
over 2 points to 52. Ohio Cities Gas 4 points
to 60 and Studebaker 3 to 83. Th Rail
way issues advanced fractionally.
DESCRD?TION :
Alaska Gold
Allis Chalmers, c . .
Am. Beet Sugar. .
Am. Can, c
Am. Car Fdry-, c.
Am. Cotton Oil, c.
Am. Linseed, e . . . . '
Am. Loco., c
Am. Smelter, c . . . .
'Am. Sumatra ....
Am. Snear, c
Am. Tel. c Tel. .
Am. Woolen, c; . .
Anaconda Min. Co.
Atchison, c
Atl. Gulf & W.-L
Baldwin Loco., c. .
Bal. & Ohio, c . . . .
Bethlehem Steel, B.
Brooklyn 1 R. T. . . .
Butte & Superior. .
Can. Pacific
Central Leather, c. .
Che. A Ohio
C. Gt. W., c. . .
do. pfd. ......
C. M. Rt P....
C. A N. W.. c
Chile Copper
Chino Copper ....
Colo. F. & L, e. . .
Cons. Gas
Corn Products, c. .
Crucible Steel, c. .
do. pfd.
Cuban C. Sugar. .
D. & G., c . . . .
do. pfd.
Distillers
Erie, e
do. 1st pfd
Gen. Electric
Gen. Motors
Goodrich Rubber . . .
Gt. N. Ore -Lands.
Gt. Northern pfd . .
Greene Can
Hide A Leather, c.
Inspiration
Int. Mer. Marine . . .
do. pfd
Int. Nickel
K. C. S.. e
Kenneoott Copper .
Iickawanna Steel .
Lehigh Valley . . .
Max, Motors, c. . .
Mex. Petroleum . .
Miami Copper . . .
Midvale Steel
Missonri Pacific . .
New Haven
N. Y. Air Brake .
N. Y. Central . . .
N. ft W., c
Northern .Pacific .
Pacific Mail ......
Pennsylvania, Ry. , .
Peoples Gas
Pittsburg Coal. e. .
P. B. C c
Rock Island ......
Sear-Roebuck
Shattnck
Studebaker, o . . . .
Southern Pae. ....
Swift 4 Co. .....
Texas Oil ...... .
Tc bsceo Prod, i. . . .
Lnkia Pae., c . . . . .
do pfd .......
United Cigar Stores,
r. S. Rubber, e . . .
U. 8. Steel. . . . .
Utah Copper . , . . .
Virginia Chem., c. .
W abash ... .....
do A . . .
do B . . . ....
W. V. Tel . ,
WettinghoUK Elc. . .
Winys-Overland . . .
Woolworth . . . . d .
Ohio Cities Gas
Open
3
40
81
54
10O
54
61
78
78
105
130
105
7
67
06
162
98
54
76
24
24
165
00
60,
10
29
45
100
23
88
46
09
61
73
35
12
75
19
31
1B4 ":
181
71
45
97
41
32
55
R6
126
27
23
34
79
68
43
182
27
47
32
33
119
81
1111
87
89
48
M
56
79
29 V
209
15
80
108
143
275
I ft
18
73
183
91k
102
77
66
12
86
24
89
65
33
132
47
High I Low
4
40
81
55
103
54
62
80
78
106
131
106
78
67
07
163
100
55
77
24
24
166
ei
67
10
30
47
100
23
88
46
100
62
T4
35
12
77
19
81
164
183
72
46
08
41
83
55
57
126
27
24
85
79
68
44
183
27
47
33
33
119
82
111
07
39
48
81
58
70
30
11
15
83
109
143
27S
80
186
73
134
08
103
7a
6
12
87
24
894
66
33
138
52
8
40
81
53
100
58
61
78
77
104
130
105
77
66
06
161
07
53
75
24
24
165
B9
66
10
20
45
00
23
38
46
99
61
73
34
ii
75
19
3AV
163
180
70
45
97
41
82
64
54
124
26
23
84
77
68 Ma
43
1181
27
47
32
33
118
81
1110 Vs
39
47
Bl
56
79
29
!209
14
79 U
108
143
'274
88
13SH
73
133
86
101
77
m
36
24
89
63
83
181
46
Close
'-Ex. div. 1 pet cent.
Bonds, $14,000,000; tales, $1,316,800.
Money. 8 per cent. ,
Ke York surer. 31.1Q. "
8
40
81
54
102
04
61
80
78
106
131
106
77
67
95
162
100
64
76
24
24
166
00
66
10
29
46
10O
23
33
46
10O
82
74
96
35
8
11
76
19
SI
162
182
71
46
98
41
33
64
54
125
26
24
34
78
68
43
181
27
47
33
88
119
81
110
7
39
47
81
5T
79
30
111
14
82 A
108
148
276
89
186
73
133
08
102
77
66
13
87
24
89
85
88 U
132
52
. LIBERTY BOND SALES'
Liberty bonoa. official; closing prices. New York
- SI 8 S 2 ST"
. ; 1 t': i i av -:
; ; . ? ? v ,
v . - s ,
t.. ' 1---- '; v. 1 - . 1 '
Thurs, 08gIS560l9426t966OI94S69548t044a
Frt, 9912i9550!9426j9570!9442!9560)944
Sat .99409540I94209570944S9550!945
Mon. I8S4O 05HO, 9424,11370. 0454 0350 iiftM
Tuea. ..iU954562i9444:0ii729472i957OiU47U
SWINE MARKET TOP:
AT $20 HERE WITH
ONLY LIMITED RUN
Bulk of Good Offerings Not Quoted
Above $19.75 for Day at North Port
land Cattle Continue Good, With
Sheep Values Maintained.
PORTLAND LIVESTOCK RUN '
Hogs, cattle, uaives. oneep.
Tuesday ,
eek ago ....
Two weeks ago.
rcur weeks ago
Year ago
Two years ago .
Three years ago
Four years ago.
83
,.363
. .587
. .226
. .250
. .274
. .373
. .120
32
39
61
348
98
332
2
19
20
798
12
107
827
790
1421
i With only a handful of stuff reported ir tint
awin alleys at North Portland for the dsj, there
was a generally easier ton apparent In the trade,
with the extreme top at 820 and the bulk
stock not quoted above $19.75 fof th session.
While some business was don as high at
$20.23 during th previous 24 hours, the
amount of business at that price was nominal
as compared with total ottering.
General hog range:
Prim mixed ... .,$19.75 0 20.00
Medinm mixed 19.25 0 19.75
Rough heavies 17.75 010.00
Pigs . . . 18.50 10.50
Bulk 19.7ft
Cattle Situation SUady
With no fresh arrival) in the alleys overnight,
the North Portland market was considered steady
for cattle during the day. Killers are showing
iiore appreciation for recent offerings.
General cattle range:
Pest steers $13.00 013.50
Good to choice steers 11.00011.50
Medium to good steers 9.50 910.00
Fair to good steers .-. 8.00 0 0.00
Common to fair steers ........ 7.50 0 8.O0
Choice cows and heifers. 10.00011.00
Good to choice cows and heifers. 8.000 0.75
Medium to good cows and heifers. 6.OO0 7.00
Fair to medium cows and heifers. 5.00 0 5.60
Canners ,. 8.00 0 4.00
Pulls 6.50 0 8.00
Calves 8.00 012.50
Stockers and feeders 6.00 0 8.60
Mutton Market Holding
At $15 for top lambs, th North Portland
market "for sheep continues to show a ateady to
Ktrong tone. Arrival! in the alleys overnight
were quite fair, total oferings being 708 head,
compared with none last Tuesday and 827 head
a ear ago.
General sheep range:
Prime spring lambs .... $14.00 015.00
Fair to medium lamb 13.00 918.50
Yearlings, 11.00012.00
Wethers 0.00 011.00
Ewes 6.00 010.50
Buck sheep 4.00 5.00
Tuesday Livestock Shippers
Sheep Rock Creek Ranch Co., Goodnoe,
Wahi, 3 doubles; Brown St Cummings. Cor
vsrfis, 1 double..
Mixed Stuff From A Mayberry, Halsey, 1
load hogs and sheep.
Monday afternoon Sales
EWES
No. Ave. lbs. Price. No. Ave. lbs. Price.
4 115 $ 9.00 j 8 108 $ 9.00
6 128 0.00 I 11:.-.. 142 8.50
WETHERS
239 92 $10.50 I 242 91 $10.50
203 118 11.00 9 109 11.00
20'. ... 90 11.00 I
YEARLINGS
157.... 92 $10.25 1246 90 $10.50
6 115 11.00 j 86 88 11.00
LAMBS
12 68 $15.00 ) 7 65 $15.00
STEERS
2 1265 $13.00 1 990 $13.00
1 1080 13.00 1 1240 13.00
6 1298 13.00 2 . 010 18.00
1....110O 18.00 4 1080 13.00
16 1116 12.75 25 1211 11.25
7 . 009. 12.00 7 1090 12.00
15.... 097 11.50 1 700 11.00
8 755 11.00 18 914 10.60
1.... 690 9.00 1..... 860 9.O0
3.. . 794 0.0O 0..... 745 8.05
2 545 7.60 I 1 760 6.00
COWS
1.... 800 $12.00.1 7 1264 $12.00
1.... 000 11.65 1 700 11.65
4 020 11.65 8 1080 11.65
1 080 11.60 1.....1240 11.50
1 780 11.00 1 600 10.50
23 1028 10.50 14 087 10.60
5 1002 10.50 10 1017 10.50
1 735 10.00 6 786 0.00
2 800 0.00 14 806 8.75
9 054 8.50 2. 910 8.00
2.... 840 7.50 X..... 900 7.00
1 1050 8.00
CALVES
8.... 103 $13 00 6 .244 $18.00
6. 176 13.00 1 180 9.00
1 -300 8.75
BULLS
1 1100 $ 8.00 1 740 8 8.00
1 650 8.00 1 1460 7.50
1 1360 7.50 8 1106 7.50
2 830 8.75 1 1720 9.00
1 1040 7.25 I
HOGS
84 204 $19.75 16 188 $19.75
37 165 19.75 2 180 19.75
40,... 196 19.75 40 142 19.75
8 134 18.00 33 234 20.00
20.... 105 20.00 01 225 20.00
B.n,.. 102 20.00 6 186 20.00
62.... 101 20.00 20 164 20. OO
1.... 120 18.00 2 HO 18.00
1 620 18.00 6 142 18.00
2 145 18.00 1 140 10.60
4.... 165 10.60 1 220 19.0O
45 147 10.00 1 670 17.00
1 120 18.60 2 269 20.25
11 205 20.25 1. 190 18.10
3 846 18.10 3..... 206 18.10
2 250 18.10 81 199 20.10
32 213 20.10 7. 823 17.75
99 203 20.15 89 137 17.60
WHEAT SEEDING IS
COMPLETED IN ALL
SECTIONS NORTHWEST
Reports Indicate That Doth Winter
and Spring Area Is in Fine Shape
Plenty of Moisture Reported From
the Light Land Districts.
NORTHWEST GRAIN RECEIPTS
-Cars-
Portland, Tuns. .
Year ago
Season to date.
Year ago . . . .
Taeoma. Mon. . .
Year ago
Season to date.
Year ago
Seattle, Mon. . ,
Year ago
Season to date.
Year ago
Wheat
3
8
7367
3741
3
16
6322
5507
2
2
6302
4707
Barley. Flour. Oats..Hay.
18 2-1
9 6 6 m
1076 2686 727 3118
447 1224 14S8258
. 1 2
. 188 1231
. 295 1651
1 14, 5
'89 1801 "878
829 1640 1091
1
44
3
2549
8083
No
10. ,
3. .
2..
68. ,
lk. ,
48..
Price.
815.00
Tuesday Morning 8Jas
HOGS
Av. Tha. Price. INo. Av. lbs.
. 237 $19.75 I 2.... 270
EWES
8 7.00 I 18.... 146 8,8.00
7.00 l 1
YEARLINGS
$ 8 60 I 2 80 $10.50
10.50
LAMBS
$16.00 I 88 72 $15.00
Seeding operations In th wheat belts of th
Pacific Northwest bare been practically com
pleted. Latest crop reports continue to tell of
extremely good prospects for both fall and
spring wheat Even from th light land sec
tions reports come that there is apparently
plenty of moisture in the ground.
F. H. Fogarty, assistant general freight agent
of th Northern Pacific railroad, has issued the
following information I ecu red from various
agents:
Main Line East of Ps,co Seeding completed,
warmer weather needed for growing. Plenty of
moisture in the soil and have had soma recent
rains. Grain has good color and good stand.
Fall grain up nine inches, spring grain 8 Inches.
All conditions favorable. Outlook vary good,
best in some year.
Washington Central Railway, Council North
ern Seeding completed, some blown out and re
seeded. It is too cold for good growing weath
er. Plenty of moisture. Grain very good in
color and stand. Fall wheat up 10 to 16 inch,
spring grain from on to two inches. Outlook
very good.
Tlain Line West of Pasco Seeding nearly
completed. All conditions favorable and pros
pects are very good. Potato acreage will prob
ably be increased ever last year. -
Washington & Columbia Rfver Railroad No
material change since last report All condi
tions remain favorable had good shower over
entire district which will be very beneficial to
all crops. Fall sown grain from three to six
inches ahead of last year.
Palouse & Lewiston Branch, North of Mos
cowSeeding finished. Plenty of moisture and
conditions favorable except too cold for good
growing weather. Outlook very good. Too early
for date on potatoes.
Palouse c Lewiston Branch, Moscow and
South, Camas Prairie, Clearwater Short Line
Seeding nearly finished. Conditions ideal, out
look very good. Potato acreage about 6 to 10
per cent increase over last year.
Spokane 'and Inland Empire Seeding of
grain completed, weather ideal, cool nights,
plenty of moisture. The acreage is very much
larger than last year. The potato acreage will
be considerably less.
FLOUR Selling price: Patent, 311:45:
family wheats flour, gll.su; wnoie wneat Hour.
$10.5001075; Willamette valley. $11.35;
local straight, $11.25011.33; bakers' local.
$10.90 011.10; Montana spring wheat, patent,
$11.10; rye flour, $10.00; oat flour, $10.00;
graham, $10.15 010.60. Price for city deliv
ery in five-barrel lots. .
HAY Buying prices : Willamette timothy,
fancy ( ) ; Eastern Oregon-Washington fancy
timothy. 887; alfalfa. ( ), valley vetch.
$26.50; cheat. $26.50; atraw. $9.00; clover,
( ) ; grain, ) .
GRAIN SACKS Normal. New crop deliv
ery: No. 1 Calcutta, 12 0 12 e in car lots;
less amount higher.
MLLLSTCFFS Mixed run at mills. Backed,
$37.00.
ROLLED OATS Per ton, $59 0 61.
ROLLED BARLEY Per ton. $60 0 62.
CORN Whole. $75; cracked, $77 per ton.
Merchants' Exchange bids:
r" Merchants exchange bids!
FEED OATS
May.
No. 2 white 5250
BARLEY
Feed 6400
"A" 5900
Eastern oats and corn in bulk:
OATS
White No. 3 4950
White, 82 pound clipped . , 6000
CORN
No. 3 yellow 6900
No. 8 mixed . , 6800
H roo ru hall crop cable:
France- 8pring sowing has been greatly hin
dered by the low temperatures and cold rains.
Weather, however, is now generally favorable and
work is being pushed actively. There is soma
mention of damage by vermin and weeds.
United Kingdom Weather baa been generally
fair and fine progress has been mad with the
sowing of spring cereal. Th outlook for winter
wheat is not altogether favorable. Owing to
unfavorable weather it is expected that spring
sowings will be the smallest for some time.
Spring oats and bstrla are expected to be a full
average crop.
Spain On the wnole, wheat is excellent al
though some fields have been flooded with rains
and the excessive moisture has hindered field
operations.
Italy Cold and unseasonable weather has
been experienced. Complaints of crop damage
are small, but the scarcity and dearneas of labor
is hindering farm work. The wheat acreage , is
11.355.000. against 10.868,000 last year.
Russia and Koumania Conditions in Russia
are very unsettled. In Rou mania the country it
self appears to have settled down after the ar
mistice disturbances.
Australia Rains put the land in good condi
tion for plowing and sowing, 'and good progress
ha. been made. Export movement oT wheat is
expected to continue on a large scale. Rains
have fallen in New South Wale.
Finance, Industry and Enterprise
ro mn
EXPECTED FROM
III
STOCK SHOWING
Undesirable Features Obliterated
as Week Ends and Optimistic
Spirit Sweeps Commerce.
LIMITATIONS ARE REMOVED
Sixty-Five Per Cent of the Out
standing Shares of Steel Cor
poration h With Investors. .
125
190
71
70
65
DAIRY PRODUCE OF THE COAST
Francisco
May 20.-
Markat
-U. P.) Butter
54 c; firsts, 50 e; extra
81e; firsts.
San
San Francisco,
Extras, 62.
Eggs Extras,
pullets. Die
Cheese California flats, fancy,
aoe per lb.
8attl Mark
Seattle, May 20. IV. P.) Butter Local
creamery, cubes, 6$e; do bricks. 69c
Eggs Local, strictly fresh. 50c; local mixed,
48o per dozen.
Cheese Washington rream brick, 35c; do
Young America. 88 0 89c; Washington and
Oregon triplets, 86 038e per lb.
Ls Aagl Market
Los Angeles. May 20. (L.N. 8.) Butter
California, creamery, 68c.
Eggs Freeh extras, 51c: ess count, 60c;
pullets, 49a per do.
Nve Y0rk-SU Lonla Metal
New York, May 20.- (I. N. 8.) Copper
Firm. Spot 8IB.37 0 1 6.75 ; May, 816.37
16.75; June, $16,400 16.87 : July, $16.60
016.87; August $16,700,17.12; Sept
tember. $18.87 017.37; October, $17.12
017.87. ,
Lead Firm. Spot 85.1S bid; May. $5.22
0E35; June, $3.2506.45; July. $5,330
6X0.
Spelter Finn. Spot. $8.15 bid; "May.
$6.2306.40; June, $6.82 0 8.45; July,
8.87 08.60; An gust 38.4006.60; Septem
ber. $8.42 0 6.45. .
. Iron I'itUburg Bessemer, $29.85 asked.
St I-eni-, May 20, (L N. 8.) Lead
Strong at $5.
spelter Strong? at $6.30 spot.
t Chieajro TAalrjr Prodaco
Chicago. May 20. (I. N. SI Butter Re-
cripti 23,146 tubs. Creamery extra. S'M
C8c; extra firsts. 58 0 68 c; firsts, 65 0
67 c; parking stock, 3804Se.
, Eggs Receipts 48,541 ease. Current ' re
ceipts, 41 0 43 c; - ordinary firsts, 41 0
4Sc: firsts. 43043c; extra. 46 046c:
checks, 8904Ocl olities, 40041.
Money and Xxenanfa '0
New York, May 20. (t N ,8.) CkH money
on th floor of th New York Stock Exchange
today ruled at a per1 cent high per cent, low
6 per eent Time ttVoney was on let; rates were
8 per cent. The market for prime mercantile
pepet was dull. Can money in London today was
3 V per cent Sterling exchange was weak,
with buainesa In bankerar bills at 64.62 for da-
-r..
Sardines arid nnrrirtvi In enfnrnssAiat
(-Quantities have been discovered in Phil
ippine waters. - -v
June.
5250
5300
6500
4850
5000
6850
6750
July.
6250
6100
6150
4950
6000
6700
6608
Report Berries Short ,
Central!. May 20. Centrslia's berry crop
this year will be from 60 to 75 per cent
short' as the result of the recent frosts, accord
ing to a statement yesterday by A. J. Milem. sec
retary and manager of the Washington Fruit
Growers' association. Some of the growers es
timated their losses as high as 90 per cent, bat
Mr. Milem, after a thorough investigation, states
that, this figure is too high.
Preparatory to the) opening of tb berry sea
son the fruit growers association ha established
headquarters in the Richmond building, at 602
North Tower avenue, where workers are busy
making boxes. Mr. Milem, who is in charge
of th headquarters, expects the first berries on
th market about June 5.
Senders Oats Mohair
Albany, May 20. M. Senders ot this eity
was the successful bidder for the pool of 10,000
pounds of mohair sold at Lebanon Saturday aft
ernoon. . There were five bidden, the selling
price being 64 cents a pound. The pool waa the
clip from th goats owned by about 80 growers.
Liverpool Cotton Market
Liverpool, May 20. t N. 8.) Spot cotton
was in fair demand today. Prices ateady. Sale,
8000 bales. American middling fair, $20.78.
New York 8na-r and Coffee
New York. Mar 20. (C. P.) Coffe Spot
No. T Rio. 19e No. 4 Santos, 24 a..
Sugar Centrifugal, 87.28.
y HEADQUARTERS
LIBERTY BONDS
We BUY and SELL
any amount. ITew York
quotations by wire every
morning. Today's quota
tions, interest Included :
...;. i....i8l.05
1st 4s.
tn 4s
1st 4Ws. ..........
Sad 44r. .. ........
3rd . ..........
th4yas... ........
97.48
8448.
87.44s
94.74
98.46
9s.es
. If necessary td aeli your : ' i
Bond, bring- tnem to ua. ;
.:.. We pay highest local )
prices. s
. ROBERTSON & EWING
v 3074 H. W. BAN K Bulldlnc -FRANK
ROBERTSON - M. C. EWINOi
The following financial and market letter
was received from K. F. Hutton at Co., by
J. B. Steinbach V Co.
New York, May 20. The stock market
during the last week waa the most
remarkable ir a very- long time. Begin
ning: the week with cross currents mixed
sentiment and uncertainty, it ended it
with all these factors removed, ana tha
general list displaying strength, breadth
aid definiteness, proof that we are in
for a period of prosperity, . and that
whatever doubt had existed in the minds
of the public has been dissipated by the
sheer action of the market as it cleared
up one uncertain feature after another.
At the start of the ' week sentiment
aa to the future- of the steel business
was much mixed, with perhaps the
large portion Inclining" to the pessimis
tic view. Then came the removal of
price limitation on steel products, steel
rails, etc., assuring an "open market"
for steel equipment, with the result that
orders -began to flow Into the steel
AMERICAN LIVESTOCK PRICES
Chicago Hogs 88M.20
Chicago: May 20. (i. N. S.) rHogs Re
ceipts 84,000; fairly active, mostly 10 lower
than yesterday's average. Top. 21 21): bulk.
$20.00 0 21.10; medium. $20.00 021.20;
lightweights, common, medinm. good and choice,
$20.60 021.16; light light, common, medium,
good and choice, $1 9.50 fS 20.78 ; heavy packing
sows, smooth, $20.25 0 20.65; packing sows,
rough, $19.76020.25; pigs, $18.76 019.75.
Cattle Receipta 10.000 ; beef steers and she
stock opening slow, bidding fully 25c lower.
Veal calves, 50e higher, fleshy, feeders tower,
others and stockers steady. Beef steers, medium
and heavy, choice and prime, $16.00 018.60;
medium and good, $13.60016.25; lightweights,
good and choice, $13.76 016.75; common and
medium. $10.50 014.00; butcher cattle, heifers.
$8.00015.00; cows, $7.75014.75; canners
ana cutters, cows and heifers, $6.25 0 7.75;
steers. $8.00 010.60; veal calves, $14 00 0
15.25; feeder steers, $10.25 015.25; stacker
steers. $8.50 013.75: stocker cows and heifers,
$b. 25011.00; stocker calves, $8.00013.25.
Sheep Receipts 13.000; steady. Shorn
lambs, 86 lbs. down. $18.25 014.75; 85 lbs.
up. $12.75 014.83; springs. $16.50 018.73;
yearling wethers, $11.50 013.00; ewes, $10.00
011.25.
Omaha Hoos 920.80
Omaha, Neb. May 20. (L N. S.) Hogs
Receipta 12,300. strong to 10c higher. Top,
$20.80; bulk. $20.50020.70: heavyweights,
medium good and choice, $20.70 0 20.80; me
dium . weights, medium good and choice. $20.60
0 20.80; lightweight. $20.40 0 20.70; heavy
ticking sows, smooth, $20.60 0 20.70; packing
sows, rougn, azu.au tg xu.su; pigs, gi8.xa&
10.25.
Cattle Receipts. 6500. Beef cattle. 23 0
50e lower;, veals steady,, stockers and feeders
slow. Beef steers, medium and heavy, choice
and prime, $15.75 017.75; medium and good.
S1S.OO 016.00; lightweights, good and choice,
313.50 & 16.75: common and medium. CQ.fiOiia
14.00; butcher cattle, heifers, $9.25 014.00;
cows. $7.50013.73; canaers' and cutters' cows
ana belters, a9.ouae7.so; canners - steers.
$11.50018.50: feeders' steers, $8.00013.60;
stocker steers. $8.00 6913.00: stocker cows and
heifers. $8.00 012.26.
Sheep Receipts 4000, steady. Lambs, 84
pounds down, $13.50 014.25; 85 pounds up,
12.25013.75; spring lambs. $17.00 0 L8.50 ;
yearling wethers, $12.00 013.00; ewes, $10.00
016.00.
Kansas City Hogs 871.00
Kansas City. May 20. (L N. S.) Cattle
Receipta 13.500; steady to 15c lower. Steer.
$10.60 016.50; cows and heifers. 80 00 0
12.00; stockers and feeders, $0.00 014.00;
calves, $6.50 018.00.
Hogs Receipts 20,000; ateady to lower. Top,
$21.00; bulk. $20.29 0 20. SO r heavies, $20.75
021.00; mediums, $20.50 0 20.85; light,
$20.00020.75.
Sheep Receipta 14.000: stead y-. Lambs,
$17.00 0 18.00; ewes, $9.00010.00; wethers,
$9.75010.25. .
Seattle Host 920.80
Seattle. May 20. (L N. S.) Hogs Re
ceipts. 319; steady. Prime , lights, 820.60 0
20.60; medium to choice, $20.25 0 20.40;
rough heavies. $18.25 018.60; pigs. $18,25 0
19.60.
Cattle Receipts, 194; steady. Best steers,
$11.50 014.30; medium to choice, $10,60 0
11.00; common to good. $7.00010.00; best
cows, $8.00 012.00; common to good cows,
$5.0007.50; bulls, $6.00 011.00; calves.
87.OO013.UU.
POTATOES ALL AL0XG THE COAST
Ban Francisco Market
San Francisco, May 20. (U. P. ) - Pota
toes Old crop, Idaho and Washington Gems,
$2.10 02.85 per cental; Oregon Burhanks.
$2.00 0 2.25; Washington Round White. $1.75
02.00; new. $4.00 0 5.30; Gamete, $5,000
f.PO; sweets. $6.00 06. SO.
Onions Ice hoos. California, $4.00 04.25
per cental: on the street, $4.25; Bermuda.
$4.35 0 4.50 . for crystal wax.
Le Angeles Mark
Lo Angeles, May 20. (I. N. g.) Pota
toesStockton Bnrbanks. extra fancy. $3,00 0
3.25; Idaho Russets, fair. $2.1002.25; Rus-
st-ta, i2.iwwii.2U; uregen Burnanka. fancy,
$2.40 0 2.50; new stock, home grown. White
and Red Rose, $1.6601.85 a box.
. 8etU Market
Seattle. May 2 0. (L.N. 8. ) Onions Ore
gon, 6e per lb.
Potatoes Yakima. $40 0 42; local,. $30 0
$35 per ton.
Vetch Pre mis Good
Albany, May 20.- 8. Y.' Smith, county agri
cultural agent reports th vetch of this vicinity
wilt bar A large yield Per acre, though the
amount town is below th average. Weather
conditaorM and the lady-bug bare destroyed the
aphis. Mr. Smith says that th lady bugs are
very thick in toe vetch tni aeaaon.
CLARK;nii&CO.
Government, Municipal and
Corporation Boads.
Corner Fifth and Stark
. Streets
LIBERTY
BONDS
We recommend the purchase
of Liberty Bonds and are pre
pared to fin orders -in any
amount ; . . -
If you have Liberty Bonds to
sell, we will buy them from you
at highest -prices, depending on
5?ew York market quotation re
ceived by wire daily,.
0:
companies in such large volume that
all doubt aa to whether tha ateel In
dustry is Koine into an era of prosperity
and activity perhaps not excelled even
at the height of war production waa
dispelled.
The railroad administration's reauest
for bids on 400.000 tons of steel rails
gave impetus to thia movement and this
waa accompanied by announcement that
other orders running Into Yery big con
tracts noon were to be placed. The
pricea in the ateel group on the - stock
exchange reflected this. United 1 States
steel common shares, which began the
week at around 99. closed the week at
$103, a -net advance of $4. with insiders
and we a informed investors taking on a
considerable amount. It is remarkable
that over 85 per cent of the outstanding
shares of the steel corporation's common
stock is now In the hands of Investors,
and la distributed north, east, aouth and
west. ..",
MOTOR STOCK SLUMP
The motor and rubber tire stocks, the
first to be readjusted to peace ; condi
tions, having taken the lead market-
wiee In February and t having . ex
perienced advances in some cases ex
tending as much aa 7o points, suffered
a temporary slowing up during the mid
week trading when the banks began to
discriminate, in their collateral loans,
asking, for more railroad and standard
corporation- shares, gome traders took
their profit in the motor group and
awltched their investments into the rail
road and metal group. Ahe latter hav
ing coma - to life after six months of
inertia.
Removal of limitations on bar silver,
sent the price up to $1.21 an ounce, with
the result that the silver stocks, and
the silver producers in the copper group
nnrtTi nun ni mmttno
rUIULHIIU uLDWIHuu
SHOW INCREASE OF 33
. PER CENT OVER 1918
, . .. -..
- SBKaawaswSssafBSgtTkagMakWgwX , ,
Comparison for 11 Weeks Shows'
This City With Much Greater
Growth Than Seattle,
Continued health in Portland business
condlttona ia clearly shown by the In
crease in clearings of Portland banka for
the paat two months compared with the
aame period In 4918. Greater per cent
Increase ia shown during that time than
tn Seattle bank clearlnga. Portland mak
ing almost a 33 per cent gain, while the
Puget Sound metropolis made only, a 10
per cent gain.' ' "
During the 11 weeka beginning March
1," 1919, total clearings from Portland
banka amounted to 8324,716,516, com
pared with 244,492.7S3 for the same
weeka in 1918, showing an increase of
over 180,000,000. During thia same pe
riod Seattle's clearings made an Increase
of only $34,087,087.
A comparative statement Of bank clear
ings of Portland, Seattle and Tacoma
banka for the past 11 weeka, beginning
with the week ending March 1, la as fol
lows; - .
Week
Knding
Mar. 1..I
Mar, 8. .
Mar. 13..
Mar. 22..
Mar. 29..
Apr. 8. .
Apr. 12.,
Apr. 10..
Apr. 26..
May 3..
May 10..
Portland
1919. 29.241.289 8 IV.
27.614.847 19,
80,606.898 28,
31,472,820 20,
25,326.773 18,
27.670. 80. J!0
28.609,146 . 25,
81,300,376 23
82.766.651, 26
82.1O5.S06 20
28.128,617. 21
1818. .
840.296 $
1.22.M68
168,448
863.89U
501,888
701.625
616,868 '
670.202
426.828
658.770
547.776
Seatt
101O.
81.676,629
81,225,286
88.016.074
42.745.422
84.431,688
Sl.601.788
36.205.910
88,662,628
86,758,187
36.187.888
33.971,106
181.
28, 30. WHS
28,124,481
82,109.023
38.760,834
2ft.876.S23
81.246,814
84,377,116
0,48K,48e
81,810.884
80,S7N,41
86,660.891
-Taeoma.
1019.
8.765.464
3,606.170
4.701.666
6,207,460
8,720.802
8.811,163
4.48H,70
.6Vl,47a
4.408.206
4. 120,074
4,676,264
1018.
4.04S.002
8,123.324
4.604.673
4.08M.457
8.612.403
8.674,880
4.426,477
4,1170,81
4 .061. 811
4.17.2M5
sV861,020
Total. $324,786,515 3244,492.763,8888,860,701 3361.278.614 847,032.403 $46,201,561
moved up. United States Smelting &
Refining, which has a two years' supply
of silver already blocked out, made . the
largest advance, closing the week at
65 after having begun at 55. At the end
of the week bar sliver had reached a
sort of "dead line" at $1.15 an ounce.
COPPER RATES BIO
Dally sales of copper metal at around
16 cents a pound were being recorded
in volume, eaquallng monthly trans
actions since the signing of the armis
tice. This brought the copper group
into prominence as all that the public
had been'waitlnsr for waa a ray of light
on this group. -There haa been no offer
ing of copper shares for some time..
Holders of thia class of security have
taken the view that the metals were not
in a cairn I lion of panic,' but rather In a
period of readjustment with brighter
business ahead, and those investors who
have been far-sighted enough to realize
the future possibilities of thia group
have been accumulating the metal shares
whenever possible. It has been note
worthy that orders to sell have been
few and? far between. . r
Attempts to buy In large amounts
have revealed the fact that In order to
obtain the required: volume the bidder
had to run his pricea up fractionally to
a point, i' '.'"J;. -
The coppers closed the week with evi
dences of activity and buying orders in
larger volume than since last November.
Inspiration ..was the feature in this
group,' the week's trading showing a
net advance tf several points. At the
present market- quotation the yield on
this Investment Is better than 10 per
cent, : -. . , . - '..'-, '-';
RAILROADS LEAD
The railroad shares, also dormant for
a long time, closed the week with a
bang, and sharing leadership with the
shipping and acceptance aharea. The
banks' request for more rails In' col
lateral loans, and the public conviction
that the president's message to con
gress would contain . sane and. just
recommendations for a constructive pro
gram In Che railroad matter, was re
flected In the prices In this group. The
coalers, notably Chesapeake A Ohio, and
Norfolk V Western, were yerv strong.
While the transcontinental -shares, such
as Southern Pacific, Union Pacific, Great
Northern, etc., moved into new high
ground for . the present . movement.
Speculative shares, such as St Louis,
San Francisco common, Southern Hall
way comomn, St Paul common, tha rail
oils like Texas Pacific, Missouri Pacific,
M., K. & T and the Rock Island Issues,
registered good buying. New York Cen
tral, for a long time quite, came In for
a movement, ic-chlng 83 on Saturday,
All in all, it might be said that the
specialty trading of the last couple of
months, wherein a particular group
would be featured while the rest of the
market lay quiet, haa given place to a
general underlying bullish feeling, with
activity confined to no particular group,
but extending through the entire list.
It is well to take notice of the fact
that big men; who have hoarded money
through the period of the war. have
been responsible for the spectacular rise
In aome of the stocks during tha last
couple of months.
When peace came the market for
L standard shares offered wonderful op
portunities, and big Interests have
bought heavily of such stocka aa Ameri
can International corporation an ac
ceptance orgsuiizavtf on with a leading, in
ternational bank behind It and a world
of business ahead of it and this buying
still goes on. The belief Is that this
stock4 is slated to repeat the perform
ances of Industrial Alcohol, Atlantic,
Gulf A West Indies, and other stocks
with intrinsic worth, that for a long
time were away below their actual vaJue.
Indeed, as the gong rang for the final
session at midday Saturday, American
International was the stock on which
most Interested was focused and its
quotation around 94 was tha highest
point yet reached. . . '
Eckern Visits Seattle ,
Anthony Eckern; vlce-prealdent of the
State bank of thia city, left for Seattle
Monday night, where he will spend a
few days.
LIBERTY BONDS
IF YOU MUST SILL YOUR LIBERTY BONOS, BELL- TO UB
IP YOU CAN BUY MORE LIBERTY BONDS, BUY FROM UB 1
On Monday, May 19. the -closing New ITork market prices were a gin below. The r
the governing price for Liberty Bond all over th world, and th B tartest We advertia
these pricea daily In order that you may always know tb New tork market and th exact
value of your liberty Bond. .
3s lst4 2d4s lst4S 2d4 8d4 4th4S
Market price ........ . 90.48 83.60 94.22 . 86.78 84.62 93.50 94.58 '
Plus interest ......... 1.51 1.72 .06 1-98 -08 -4t
Total.,.....;.... 100.09, 07.22 04.28 97.61 04.68 90.27 04.01
. When buying w deduct 87 on $60 and 32.60 on $1000 bond. ,
We sell at Nw Xork market, plus accrued interest
MORRIS BROTHERS, Inc.
- THE PREMIER MUNICIPAL BOWD HOUSE
889.11 Stark Street Batwaea Fifth and Sixth .Streets
Telephone i Broadway 811 Establlahed Over tt Tears
I f '
s
$81,500
clmool IBoindl
City of Calvary, Alberta
To Yield 6
Principal and annual Interest payable in gold-at
Imperial bank. Montreal Calgary, or at the Bank
of Manhattan, New York City,
, Denomination $1000 - '
(Except two fractional Bonds of $760.00 each)
MATURITIES
' $22,000 Due February 1st, 1922
ilO.OOO Due February 1st, 1924..........
23.750 Due February 1st, 1926
19,760 Due February 1st, 1928....
Price
96.25
93.88
91.78
89.91
Yield
6.00
8.00
6.0fl
B.OO ;
FIJTAKCIAL STATE3TE5T
Total assessment (subject to revision),.. $76,608,000
Total debt .. 2.697,749
Assets, Including school building, equipment,
etc 4,671,417
Tax 'rata for school purposes. ....,7.8 mills
The school district of Calgary Is co-termlnoua as to Its
corporate limits with those of -the. city. We are. advised by
counsel that the jschool district iamie technically rank equally
t , with the debentures directly issued by the city, with the addi
" tional advantage that the legality of the bonds la confirmed by
the provincial government and that the assessment rolls for
school taxes are invariably larger than those for general taxes,
- aa there are no exemptions from school taxes.
EXEMPT FROM ALL DOMINION GOVERNMENT, TAXATION "
MORRIS BROTHERS, Inc.
THE PREMIER MUNICIPAL BONO HOUSE
889-11 Stark Street, Between Fifth and Sixth, Groaad Floor
Telephone I Broadway till . . Established Over ti Years