THE OREGON. SUNDAY JOURNAL, PORTLAND, SUNDAY- MORNING, JUNE 15, 1913.
13
SCOTCH WO OLEN MEN HAVE PURE WOOL LABEL FOR CLOTH iStf JsL
MILLS TO OPERATE
ALL SEASON WITH A
. NEV CALL FOR FLOUR
Gorerament Asks tor Farther Bids
, and Plants Will Trteref or Have
Continuous Operation for the En
tire 1918-19 Season.
Action of the Grain corporation in again
eaUins for ftour bids was fiwwbt of a surprise
to the general milling fraternity during the week.
The call for bKls specific Wednesday noon
ho ltt period for the receipt o( th bid.
Purchases will ba an ads on a competitiv basis
according to announcement al from the oftiee
of Mas 1L Houser, sonal representative of the
corporation.
This ineans that miOtn of the Faetfi North
west will grind flour ill through the present
M ashn. thin 1 a record thai ba never before
brrn achieved and makes the previao complaints
of the miller that the iorannt was not giving
them sufficient mwiness appear reel silly. More
v heat vu (round into flour at I'aoific Jforthwest
-point Una eeaaon than in sny previous season.
Klght up to the closing of the week's period
the market for coarse ermns remained very slng
Bi h and practically unchanged in price on the
Vi.ttland Slen-banU etehanae. .
i i Qraln Law Interpreted
-Abe Cokn, delegate from the Portjand Mer
chants -ehanfe -at the grain eprporaHon con
ference, -Jfw York, wires liU interpretation of
1 he ruling : "No allowance to be made for
dockage. It i expeettM that any dockagu Talue
wn tamed In wheat over cunt of cleaning will be
naturally reflected t& the producer by free play
f competitive buying and demand for feed
wheat by Hhe' poxiltxy trade, aa no restriction
now exist on the us-, of wheat. Maiimum
handling charge is to ,be named. Every trans
action stands on its own merit. and the aone
Tire prealdetit will rertew and paw on all com
plaint . by producers claiming unfair grade dis
count or handling charge. The plan provides
notice to farmer of their rights, but exception
must be taken to any transaction at the time
of sale and delivery when facta and camples are
to be .sentvto the one vice president for de
cision. Carrying charge aUpwance is not yet
nettled." -
I'tJoUR Polling priced Patent. $11.45;
fimily wheat' flour. 11.30! whole wheat flour,
$10 6013 10.75; .Willamette valley, $11.35;
l.ica-l straight $1 1.25 (g 11.8; bakers' local.
tl0 90ll.10; Monuna spring wheat, patent,
til 10; ry flour, $1000: oat flour, $10.00:
graham. $10.15 9 10.50.' Price, for city deliv
ery in Gve-bstrel lou.
HA I Buying prices: Willamette timothy,
fancy, ( ): Katm Oregon-Washington fancy
timothy, tat. 00: alfalfa, ( ; valley vetch.
$20.60; cheat, $2(5.50; 'straw, $9.00; clover.
) ; grain, (
GRAIN SACKS Normal New crop deMverys
No. 1, Calcutta, 12S13o in car lots; lees
ncunts higher.
MlkLSTUFFS Mixed ran . at mills," sacked,
$37.00. .
ROIXFT OATS-rPer ton, $59.00 81. 00.
ROLLED BAitLEX Per ton, $60.00 9
6200.'
COBN Whole. $76.00; cracked, $7.7.00 per
ten.
Merchants Exchange bids:
tTL-n nira
I X VAU
Jtine.
No. 2 white. . 5200
BARLET
Teed '.,.,- . . . B25
"A"- -.. i . . . 5800,
Et-VTO oat and corn in bulk:
thlfr "No. 3 WlUte 4B0Oi.
'.. 38 lb.' clipped white... 5050"
Ccrn No. 8 yellow.."........ BSOQ
- No. mixed 70i
July.
5200
5275
5300
4000
5050
6 700
0C00
WHOXESAXE PRICES 131 TOBTXAXD
These are the prices retailers pi J wholesalers.
crpt as otherwise noted:
Dairy Product
BPTTKR Sffling price, box lots' Creamery
prints, parchment wrapped, extras, $flc per lb.;
prime firsts, 55c; firsts, 54c per 'lb.; smaller
lota, at an adrauce. Jubbing priest .ibti. ex
tr. 52 H i 53c per lb. ; prime fmts, 62 (a
.62 H c per lb. ; cartoons, le ttigher.
BCTTERFA.T PfcrUand deUrer basU, 58
flic; prices at country stations, 66u7c
Ot.KOiIAltAUlNK Local brands. 30(60c
lb.; tubs. 32c; 1 Ih. cartons, 40e 2 lb. cartons,
35 He; Nutmargarine, 1 lb. cartons, 31c lb.
. CHEESE Helling price: 'Tillamook, ;rnh
fiiegon fancy full cream tnpleta. 37 38c lb.;
Young America, 3S39c lt. Price to jobbers,
t. o. b. Tillsmook, triplets, 34a; Young Amert
k. 33c. Helling price: Bricks,' 3S40c: Lim
bnrger. 8888e; block Swiss. 47 48c Buying
price, of Cooa and Cnrry triplets. 33 Mei ioung
America. 34 HC lb., f. o. b. Myrtle Point.
F.;i8 Buying prieew. -4c fr do sen ; sell
hi" price, 45c: candll. 447r.
EGGS Publio market retail selling price COo
per doieen.
nvr. onrtf ttjt nr, hn vkaiaa n
lisht heas, 23e lb.; broilers. 2S30o lb.; old
roosters, 18c lb.; stags. Zbe lb. ; squabs, $3;
tucks. 60c lb.: pieeous, t.502.00 per doa. ;
turkeys, lire. 80c lb.; dressed. 40e lb.; geese,
lire. 17o per lb. J
Fresh Vegetables end Fruit
ruKM! till lis irangea, ju.uuiffrt.ou per
box; bananas. 9-0Hc per lb.; lemons, $4.50
W7.50: norlda grapefruit. ( ): Cstifornia
grapefruit, $0.50: cantaloupes, $2.00 4.75;
watermelons, 5 H ftc per lb.
STRAW BKRIttES - Oregon; eoft TarieOes.
$2.75 8.25; Clarke, f -) per crate.
APPLET- Van jua varieties. $2.75 ($8.00 per
bcx. ' - -
DRIED KliClTS Pa.tes, Dromedaries. ( ) ;
Fards, ( ) per .box; raisins, Three-Crow
Iwm Muscatel, 10c lb.; figs, $5.00 per box of
r0 6--z. packages.
ONIONS -Selling price to retailers. Oregon.
.00(4.50 per cut : association seHing price,
carload. ( ). f. . b. country; garlic, 80
T)c; green onions, 40c per doxen hunches;, new
California yellow, $4.50; wax. $3.50 per crate;
tif . rtt'.. $5.50 per cental.
rOTA TOES Selling price, tl.752.00 per
ewt; buying price for fancy large sizes. tl.SOSJ
11.65; ordinary. $125 1.35 cental; sweet. 12c
VEOETABr.Ef? Turnips, $3.50 per ack;
. .. . i Kn w a nn n... v . . . . . ir .
aok: cabbage. Oregon, 3H ft 4c per lb.: lettuce.
fl'if: doi; oeleTj. $1.60 dog ; artichokes 706;'
T5e dozen: encumbers. $1.25 2.00 per doeen;
tomatoes, aCliforcia. $2.50 per crate; esg plant,
80o per lb. cauliflower. California, $?.25 jr
crate; horseradiah. 15c per lb.; Fpinach, local.
Tc pet lb-; parrus, local,4 Il.60w2.00, bill
-pepper. 30c per.Jb.: peas, 12c lb.; rutabagas,
$2.00 2.25 per sack: string beans, 20c per lb.
Meats end Proyttions
COT.KTRY MATS--Sellmg price. Country
tur. 2tf&26Hcper lb. ; Dot ml, 2t21Vic
SMOKED MEATS Ham. 33 43c; break
fiist bacon. 85 65c; picnic, 24 29c; cottage
standard. 35c ,)b-i lard compound, 28c.
, Fish and Shellfish"
FRESH FIIM Steelhead salmon. 13
f.ll. 36c: short ckars. SO l 34c; Orecon txyorvs
moked. 81o per-' lb.
LAR1 Kettle Vendered. J1S.20 per esse;
t er lb.; cliinock..l8 20c; lialioot. fresh. 13t
1 Se per lb. ; black cod, 8 1 0c ; silrer smelt
,14c; toineod, Rej sturgeon. 1820c; frefh hi'r
nng. km 7c: di-eseed shad, 6e; shad roe. 10c fc
irllELU'ISlI Crabs. $2.25 3.00 per iJos.:
slrmp mnf, 62c pr lb.; lobster, 30c per )j
OTSTKRS Olyropia.. gsllon, $5.60,' canned
Rastern. 75e per can. 9.00 a dosen cans, bulk
4.5v per galion.
Gi-cceiHaa ,
- SUGAR Cnbe. S10.S8-, powdered, $10 25
fruit and berry; $9 65; I yellow, $.fia; prsrui
lated, $9.S; tee. $9.55; extra C. $9.25:
golden;. $9.15; cube. $10.50. .
1IONEY New; s ) per case
' RICK Japan style, X4. 1, 9Sc: New Or
leans head. 12 Vs 13c; Blue liosa, lo 54
1 1 c per lb. V
SALT Coarje." fnttf gronnd. IOOsj $16.00
ton; SO. $ 1 7.50 :. table dairy. 60s.-$200-bles,
$3J0&3.23 fancy table and dairy.
$30.25; lump rock, ,$25.00 per ton.
BEANS Oregon . I sales by jobbers): Led
Washinxton, 80 per lb.; pink. 8c per lb.; Sn,u,
Vc: bayou,' ci red. .tc; Oregon wans.
nuvinr nrlo nnmtnAt
C.VNNEU MILK CarnaHon. 88.70; Borden.
$6.60; Aster. $6.60: Eacle, $10.15; Libby.
$8.60; Yeloban. $6.50; Mount Vernon. $6.80
cmee.
COFFEE Roasted,
orams, - . - .
i 80DA CRACKERS In bulk. 17e lb.
NUTS Budded walnuts. 30 H 31e per lb. :
Jmottds. 2429e; filbert. 2 Sc. in sack lota;
peanuts 15cj pecans, lite: Brazils, 33a.
Roes, Faints. Ofl . .
ROPE: ftisal. osrk, i2s; white. 21 He lb,.;
Standard manila, 28 He.
LIN SEED OIIj-r-Raw, febla.. 1.90 gal ket
tle bulled, hols... $l.J2j. raw, cases. $2.60;
boiled, cases. $2.02 per gal
elV Water rh4t. In drums or iron
bbls.. 15c gat; c&ses, 24c per gal.
t;ASOIJNr iron bbta-t 23e; jaaea, S3Hc,
eHjriiv rtitillafe. iron bbis". 1 5c : Aasee. 2 c. ,
' WHITE LEAIer-Ton kta12c; 500 lbs.
T I. UPKNTINK Tanks, "$L 1 81
IO-ca-' lot. - le 'tpss .
WIRE NAHJ5 Basic Price. $3.13. --
v Hosj, Wool 1 and Hides
- HOT Nominal, 19T8VrrJp. 88(40e Ih. .
" "HJUEa No, 1 fcalt-cjired hitlesU SO lba. sal
tip. l!cf No. 2- salt cifrnl liidns, S. lbs. an 1
np. lTVirT Po. ; I ttwn Tstde. 3( lhs and
np. 16crNo.i 1 salt-cured bull liides. CO H. end
tip. 13-; No. t part-cured bull hidea, 50 lbs and
Uv llVic; No. I green bull hides. 50 lbs. R1
83s 49c, In sacks or
Cases. $1.24;
Front Street
Reviews
. . .1 . 1 m- .I-, 1. 1..
Brief .Notes of - the Wholesale Trade
for the Week.
As the aeasoa closet for the 1918 crop of
potatoes 1 la Oregon and other Pacific North
west center, the demand appears to be more
appreciatiTe and the long expected advance in
price la coming into sight. There have been
quite a number : of orders for carload iota of
old potatoes received from California by local
shipping interest during the week. A number
of carload have been sold and gone forward
and there is still a good demand for additional
stock.
At Oregon primary points purchases of pota
toes hare been made in email lots strounnd
$1.60 1.60 per cental for good quality during
the Week. Carload lota are naturally being
sought by the trade, but all effort of buyers
to discover some stock in such quantities hare
been unavailing. , -
While California has perhaps been the chief
bidder for old crop Oregon potatoes during the
Week, there baa also been a good borne de
mand. Reports of the early acreage in Ore
gon and other Pacific Northwest states indi
cated a small area planted, but it now de
velops that with the recent improvement in the
demand and the price, many .growers who had
decreased their planting, decided at the last
moment to increase it.
First 'offerings of 1919 crop Oregon potatoes
Were received by Page as. Bon. commission mer
chants, from (tewego, a suburb of Portland,
during the week. The stock Was of rather
good size, although not so large as arrivals
from California. Quality was good and the
first four sacks that arrived sold at 7e a pound.
There is still a very limited supply of old
crop Oregon onions straying into the market,
but there is scarcely . enough to quote at this
time, :
The Portland trade was mncb. surprised dur
ing the week to receive a shipment of Oregon
grown celery. The stock was of small size, but
it was in excellent condition. There being
practically no other celery available, sales were
quickly made at $1.75 per dosen, an unusual
price considering the smallness of the heads.
Local lettuce is now coming forward some
what more freely, and as the beads are of large
size and Very firm, this stock has entirely sup
planted offerings from California.
Asparagus supplies were slightly increased
for the week. lemand is not brisk, but most
of the stork cleaned up at $1.85- 2.00 per
dozen bunches for the long green.
Fruit Markets High
Strawwberry market was generally' steady
with firmness shown in Values at interrals dur
ing the week. Receipts at the start of the
week were scant and sates were made on the
Farmers' market up to $3.50 per prate, but
the bulk of the week's arrivals sold at $38.15
for 24s during the period.
Late in the week, with rainy weather, a large
part of the fruit showed the effects of the
moisture and some of this sold down to $2.50
per crate- oil the market. However, Cahners
and other processors .were willing to take any
thing available.
Growers of the district fetl that the rains
will stimulate the crop.
Aside, from -4he limited supplies of Ben
Dsvis. there are few apples of the 1918 crop
now being offered here. Ben Davis are selling
around $5 a box for extra fancy. First ar
rivals of new crop California Yellow Newtowns
were received from the Watsonviiie, Cal. , sec
tion during the week. Sale were made at $5
for first offerings.
The treat strength of the cherry market lo
cally is not the result of any extreme demand
for fresh eating, but to the fact that packers
are offering extreme values. Sales of blacks
were shown here-during the week at 17 H B0c
a pound. Canners are bidding a high a 12
12 Vic a pound-tor fruit.
Prune Market Quiet
Excitement in the prune market has sub
sided to a very considerable degree in Oregon
for the -very good reason ' that little of the
prospective crop remains nncontracted. Last
offers of packers stood as high as 2e a pound
for 30s to 35s, and they are willing , to pay
this price for additional supplies, although a
loss of 3c a pound is shown for the smaller
fruit.
Contracting .of cherries in the Milton, Or.,
section by packers and canners are at the
highest values on record- Ear Eoyal Ann they
are offering $150 a ton, Governor Wood $100,
And for pie cherries $S0 a ton. These prices
are net to growers.
Very scant supplies of apricot have recently
been received from California, - The Iocs! crop
situation, according to special reports received
by The Journal, is for the biggest crop that
the Pacific Northwest has ever produced. Ow
ing to the fact that ' the trees are so ranch
heavier loaded than normal, fears are expressed
that even with- the usual thinning the iruit
will be of small size.
Gooseberries are coming forward in fair sup
ply. The market has a very erratic tone. Most
of the canners are offering 5c a pound net at
their plants. -
Butter li Advanced
Further advance, of 2c a pound ha been
forced in the price of butter all through the
Pacific Northwest tidewater markets. This ad
Vance was rather unexpected in - view of the
recent sharp declines in value at practically all
other market centers of the country. Reports
indicate that one of the Seattle firm received
a liberal order from Alaska and being - forced
into the open market for immediate require
ments, was compelled to pay advanced values.
This caused the general advance in the price
ail over the Northwest and at 66c a pound for
print stocks can be landed here from the middle
west.
- Reports indicate that this was really the"
reason why soma of the big operators were so
willing to advance their quotations. There ' is
always more money in it for these interests on
the outside shipments than on local manu
facturer. Receipts of butter are decreasing at Portland.
In fact leading creamery interest acknowledge
that their output is smaller than a week or
10 days ago. This stimulated the demand for
butterfat. and while the advance in butter waa
2c. an additional cent was added to the hay in
price of butterfat.
Receipts of cheese d tiring the week were
somewhat more liberal, but demand continues
strong and jirices were well maintained.
" Chicken Fries Break
-. Chicken market was - the dullest this week
that the local trade has known for a great
many years. At intervals there are absolutely
no demand whatever, despite the fact that Port-'
and was holding its annual Rose Fetieil and
this usually stimulate the. call. Wholesalers,
quoted hens from 25c to 30c a pound, a very
unusual spread. In fact, springs Here quoted
at a similar range.
Country Meats Are Firm
As a . general rule there was a firm tone in
the trade for country killed meats along Front
street for the week. Receipt were not liberal
ia either veal or hogs and fractional price ad
vances were shown in both lines.
-Country Wool i Highest ,
Prices far above those openly offered by the
city trade are being paid for wool in the
Willamette valley. During the week sales were
made high as 5708o a pound there, but
nothing above the 50c mark has been available
at Portland.
- Hides- at New Record
Bale of calf skins were made in the Front
street trade as high as 73c a pound during
the week, mother new high record for the
local mlTket. Cow hides were advanced to 32c
a pound," also a new hih record for such
offerings.
Scotch Manufacturers Decide
On; a Label for Pure Woolens
See Idea Proposed in America and Will Be First in the Field With a Real
Honest' Qothlng Label "Pure New Wool" Is the Name
v Being Now Utilized There.
- Scotland as been noted for its woolens and
the manufacturers there are exceedingly ealow
cf their reputation for quality. They have by
concerted action . decided to label their fabrics
so that the public should not- b deceived a
1' being done in this country by many manu
facturers, wiie are alleged to b turning out
cic thing- made of shoddy aa "all wool"
The New Tork Daily News-Record, the big
oigan of the cloth trade of the country, has
the following from its own London bureau which
win perhaps inters those American who per
sist in trying to hold back the pure fabric bill:
"What ha been done in the United . Stales
tbrongh individual enterprise to provide a guar
anteed virgin wool fabric, is being, don in Scot
hind through a united effort of .woolen manu
facturers. The Scottish trade having suffered
ccpsiderably through the adulteration of fabric
ha determined to produce materials under strict
erntro! which would guaranty that only pure
new wool ha been ,nsed. This organisation ia
kifown as the Scottish Woolen ' Trade Marks
association, Ltd.
"Aside from the fact that this movement for
the production of the highest grade of fabrie 1
sponsored by an incorporated body and b hedged
about by a great number of rule and regula
tions, it differs in nt respect frotn the movement
launched in the States by Strong Hewat
company, Ine.
"The lssne 1 the same fabrio and mill re
sponsibility. Instead of the term "virxht woo)"
the Scots are uxing the term "pur new wool."
SCOTCH GET TRADEMARK
"As in the American enterprise, the Scottish
manufacturers have first of all turned their
attention to trademark. This trademark has
been' registered, but it is understood that the
design has not net with full approval and that
sr.me modification will probably be made before
the trademark is pabfished.
''It is proposed that this trademark, which
Will stand as a guarantee of the purity of the
fabric bearing it. shall be widely advertised not
only in Great Britain and in the dominions and
cclonies, but in the United State and other
foreign market. The membership of the Trade
Mark association is limited to 100, but mem
bers in exeeaa of the hundred limit may be
admitted by vote of the association, Memters
are to be granted certificates entitling thereto
the use of the trademark when they shall have
complied with the various rules of the organisa
tion and shall have submitted their plant and
pioduet to inspection.
Cattle Marketing All Over
Nation Exceedingly Heavy
Severe Losses Every where Are Due to Congestion or Stocks In Hands of
Purchasers Much Stock, From Pacific Coast Is Shipped to Middle West
Markets at Heavy Expense. '
Potato Demand (iood
Castlerock, Wash.. June 14. rWasliingtoa
li'tatoea are in demand. Commissioner William
Tanaili has shipped 21 carloads of potatoes this
season, consisting of 8263 sacks. The eariy
shipments averaged $1.85 per hundred and the
later shipments $1.54. The total pahl to
producers wan approximately $11,000. The
spud were shipped -to California and Texas
ricstly.
UP. 10c The price of No. 2 bide will be le
per Ih. )cw tiian r.n No. 1. No. 1 ealtkin ni
to 15 pounds, 45c; No. 2 calf skims np to 11
No. 2 kipskma. 15 to 25 lba.. 23c; dry fliart
bides, 7 iba. and up, 30c; dry saJt stag or bull
hides. He; dry cull bide. 7 Iba. -and np, 24c;
dry calt calf bides, Under 7 lb., 34c ; dry flint
s-tag or bull hides, 20c; dry salt stag or bull
hides, 14c; dry cull hides and skins, half price;
dry horse hides, according to size and qualitv,
each $1.50 & 8.00; salt horse bides, skinned it
hoof and head cm. $3.00 5.00; horse hides with
heads off.' 50c less; dry long wool sheep- pelts,
per lb.. 2585c; dry medium wool sheep pelts
per Ih.. 20i3 3(cj dry shearling sheep, pelts, each.
50 75c; salted ' long wool sheep pelts, each,
$2.00 4.00; suited medium -wool sheep pelU.
each. $ 1.00 2.00; salted shearling sheep pelu
each, f.O(73e. --':.
MOHAIR Long staple. 60 3o Ih. ; abort
staple. 40s4 ir lb. --
TALLOW AND GREASE No. 1 tallow, 7 0
8e: No. 2. 63 7e; No. X grease, 6 7c; No. 2
grease, 3or-' " t
CHITTIM OR- CASCARA BARK Old peel
groKi weight, 18c; sew peel, 10c per lb
WOOL -Valley, H blood Merino and Shrop
shire. Oc;-Cotswoid and- Lincoln, 40946c:
aiatted Cotswold, 80 35c; timber stained. 6
per lb, less; Iambs' wool, 4c per 7b. less.
Eastern Oreircu Ea-sterh Washington and Cali
fornia Wool Mt-rino and Shropshire, 35$ 40c;
half blood Merino and Cotswold. 37S42c;
Shropshire." 87a42ej Octswold and Lincoln.
msitOit or mixed. 83 ff? 85c; bnrry, fie -per lb.
tf, hnK 4c per lb. less.
Fine Wot;l- Merino, combing and carding
grades, 39 J 33c. .
Recent sharp declines in the price of cattle all
orer the country have caused apprehension among
many producers. The declines hare been far
more marked than ia other seasons, due prob
ably to the fact that not only were arrivals lib
erally increased over proceeding periods, but the
price stood so much higher than the normal that
when the break did materialize it was unusually
severe.
Indicating the intensely weak trend of the
cattle trade recently in the country's market is
tha following mall advice from Kansas City:
Sensational decline in price of cattle at the
principaal markets of the United States point to
the inauguration of er of reduced cost of
beef to consumers. In the last month live cut
tle values in Kansas City. Chicago. Omaha. St
Louis, Buffalo and every other market in the
country have declined $1.00 to $2.00 a hun
dredweight, and current quotations are $1.50
to $3.00 a hundredweight lower, than at the
high point of the year late in March and early
in April. On a steer weighing '1500 pounds
snch recessions mesn a decline in the value per
bead of between $30.00 and $45.00.
"Too man strange cattle are coming," many
stockyard interests answer their patrons In ex
plaining tha recent sensational recessions in val
ues. In the last 60 days the number of cattle
received at markets east cf the Rocky moun
tains from the Far West has been lsrger than
ever before at this season. California, Oregon,
Washington, Idaho, Montana, Arizona and Ne
vada have sent trainload after tram load of cattle
to Ksflas City, Omah and Chicfto. The Ore
gon shippers have paid aa much a $15.00 a
head to deliver these cattle on railroads from
their shipping stations to Kansas City, the jour
ney requiring about two weeks. California and
Arizona shippers hare paid nearly as much in
freight and feeding bills to send their cattle
eastward. Montana ha been selling largely at
rhlcago. i
IMPORTS FROM' MEXICO INCREASE
In - addition, import from. Mexico have in
creased, the number of eatfie coming to the
United State in recent months from that re
public already being in excess of the total im
portations in 1918. ' More than 15.000 head
came from Mexico last month. Canada also,
with increased supplies, has been sending some
cattle to Buffalo nd to 8t Paul.
Added to the Fr West and Mexican ship
ments have been consignments from South Tex
as. A year ago the immense South Texas cf-
tle district was stricken with drooth, having
suffered for three years from lack of moirtnre
and feed. Today South Texsa is in bloom,
with 1100 pound steers coming off ft grass and
weeds. South Texas is selling about 800,000
head of grass-fed cattle, whereas it sold none
at this season of the year with any beef.
Cattle trade interests watch national market
development closely, especially in Kansas City.
The Federal Reserve bank of Kansas City alone
is carrying $45,000,000, in cattle loans and re
discounts, and the banks and loan agencies of
this market handle annually $300,000,000 in
eattle loans, this being the greatest cattle financ
ing market is the world. There is bo serious
concern here over the decline in prices, for
the market la still high and all loans have been
amply margined.
WEST 8MIP8 TO EAST
' With a let-up temporarily in ahipbuilding ac
tivities and increased supplies, owing to fa
vorable weather, the Far West has found it desirable-
to come to points eastward with cattle in
stead of selling at home. In fact, the Pacific
coast markets have been extremely weak. The
I'ar West has, therefore, had two bearish influ
ences, reduced consumption of beef, and in
creased offerings of cattle ready for slaughter.
In the Middle West and In the Hg corn states
of Illinois, Ohio and Indiana, and through all
the corn feeding districts where the choicest cat
tle are finished for markets, feeding operations
1 ad been on a limited scale all winter and spring.
Bullish markets were expected by these feeders
of corn, but the Far West huns upset their caf
"nistions. With corn dsffly growing stron.cr the
feeders who bad cattle in feedlats in the corn
state began heavy liquidation, adding further
to the weakness of stockyard prices.
Packers have been complaining and still com
plain of a poor demand tor beef in domestic
markets. The export trade ha dwindled. A
year sgo the army was taking 40,000,000 to
50,000.000 pounds monthly, and only a few
day ago the war department announced the ' re
rale of about 200.000,000 pounds of tinned beef,
while it is buying very little fresh beef. But
the 200,000,000 pound sale is not a seriously
depressing influence, for the weekly consump
tion of beef in the United States Is around
125.000.000 pounds. However, the elimination
of immense army buying ha removed a power
ful strengthening 'factor from prices. With
labor experiencing no reduction ia wages arid em
ployment increasing, there is hope for Improved
domestic consumption conditions.
Price of Hides Affects Beef
Chicago The sharp declines registered on
both live cattle and dressed beef the past two
months have been the cause for considerable com
ment on the part of the producers and con
sumers. The farmer on the one hand, whs
two month ago received $20.00 for steers, fails
to understand Why he should take $3.00 3.50
less for the same kind of cattle at present. Many
fat cattle are now selling at equal or less money
than they cost ss feeders a few week ago. thus
causing a considerable low to their feeders. Con
sumers, on the other hand, are clamoring for
lower price and maintain that there has not
been any noticeable reduction in the cost of beef
ever the block since last winter. A comparison
of live cattle and of wholesale beef price is given
in the following table, which show the drop in
values from the high point the last of March
t the present low point:.
Live Steer
Choice and prime . . . .
(iood ,
Medium
Common ,
Ltreased Steers
Choice
Oood
Medium .............
Common
Live Cows
Choice . 1 .
Medium to good .......
Common to medium . . .
March.
. $17.00 & 20.40
. 15.00 18.75
. 18.6018.75
. 11.00 14.00
. 28.00 0i 29.00
. 25.00 26 AO
. 23.00 25.00
. 18.50 22.50
. 13.25 16.00
. 1 1.50 C 13.00
, 8.50 11.50
May.
$14.75 ( 17.00
18.0016.50
12 00(914.00
10.00 012.00
22.50 24.00
21 00 22 00
10.00)20.50
16.50 19.00
11.25 13. 50
10.00 e 11.25
0.004. 10.00
lVcllne.
$2.25 3.40
2 OOP 3.25
1.5002.75
1.00 2.00
8 509 5.00
4.00 & 4.O0
4.00 Si 4.50
2.00 3.50
2.00 (S 2.50
1.50 ?.25
0.501.40
Per Cent of
Decline.
.1517
.18(312
.1110
.0913H
lsl7
.I6e? is -.17
18
.1115
.15 915
,1S17
.0512
Shows an increase on low end of common.
Dressed Cows
Good ......1 22.00 23:00
Medium 20.0021.00
Common 18.00 20.00
It will be noted from the sbove table of prices
that declines in market values of live cattle have
been most marked on the good, choice and prime
grade whereas declines in wholesale beef values
have been t practically horizontal. The relative
strength in the market on the lower ptfeed cattle
on foot may be explained in part at least, to
the influence on imch grades of competition from
stocker and feeder eattle buyers and to sharp
advances within the last two months in the mar-
19.0020.00 3.00 3.00 .14913
17.601S.50 2.502.50 .12I2H
18 0017.00 2.00$.00 .1115
ket for hides and other by-products which natur
ally have affected hoof values 4f low priced cat
tle in -greater proportion than values of the
higher priced grades. Current price for packer
hides t Chicago average about 3 8e pef pound
for cows and about 41e for steers, the former be
ing about 14c higher and the latter about lie
higher than April -1. This advance in the hide
market goes fsr in offsetting declines shown in
the dressed beef trade, especially on the c reaper
graaes ot irtit steers and cow stuff.
RREGULAR
CLOSING
IN STOCK MARKET IS
SHOWN IN NEW
YORK
Closing- Deals Show Farther Losses
in ; Some Of the Leaders Rally at
the Last . Minute Caused by Very
Hurried Buying by Shorts.
New fork, June 14. (L N. S.) Thb stock
market closed Irregular today. A number of
issues sustained further losses In the closing
dealings, but ia the last few minutes of trading
there was hurried buying of all leading stock,
and this promoted A rally. 'Steel common, after
selling at low price of 104 H . rallied to a
closing of 106 V,, and ether steel stocks showed
similar improvement- Crucible rallied 3 points
to 90; Utah, after advancing to 9144. reacted
at the close to 1)0. and Anaconda bad A quick
advance to 714, Atlantic Gulf was finally
172 H; Southern Pacific, 108 H ; General Mo
tors, 209s Tobacco Products, 103 Vi; United
Cigars, 152 H : Mexican Petroleum. 177. and
Marine preferred, 118)4.
Kw York. June 14. XT. P.) The Kew
Tork Evening Sun's financial review today said:
Zest and initiative were both lacking in to
daV short and rather colorless session of the
stock market. There Were weak groups and
strong groups, the former including the oils
and tobaccos, and the latter the marines and
motors. Although General Motors, and Stude
baker suffered a sharp setback in the last half
hour the list as a whole presented little change
of interest.
The news of the day attracted scant atten
tion aa marketwise factors. There was ne con
sistency of trend at any time, much less in the
second hour.
Bange by Overbeck & Cooke Co.. Board of
Trade building:
DESCRIPTION : Open I High
Alaska Gold..,. .,
Allis Chalmers, e . .
Alloy Steel.
Am. Agr. Cheni. .
Am. Beet Sugar. .
Am. Can, c ..... .
Am. Car Fdy., e. .
Am. Cotton Oil, c. .
Am. Loco. , e ..... .
Am. Smelter, c. .
Am. Sum. Tubacce.
Am. Sugar, c . . . .
Am. TeL ft Tel. . .
Am. Woolen, c . . . .
Anaconda Min. Co.
Atchison.' c
Atlantic. G. at W.L
Baldwin Loco., c. .
Baltimore A Ohio . .
Bethlehem Steel, B.
B Rapid Transit. .
Butte it. Superior .
California PetroL, c
California- Packing..
Can. i Pacific
Central Leather, c .
Chea. Sc. Ohio. .
Chi. & Ot Went. c.
Chi. k Ot. West, p.
Chi. M. & St. P.. .
fin A N. W.. o. .
Chile Copper
Chino Copper . . f .
Cilo. F. & I., a..
Cons, Gas
Corn Products, a . .
Crucfble Steel, c. .
Crucible Steel, p. .
Cuban Cane Sugar.
Ien At Rio O., p.
Distillers
Krie, a .
Krie, 1st p .
Oeneral Electrio . .
General Motors . . .
Goodrich Rubber . .
Gt. No. Ore. Lands.
Great Northern, p.
Greene Can
lime & .Leather, e.
Hide & leather, p.
lee Securities . . . .
IU. Central ......
Ind. Alcohol . . . . .
Ijfpiration
Int. Mer. Marine. .
Int. Mer. Marine, p.
Int Nickel
K. C. Southern, c.
Kennecott Copper
Lackawanna Steel
Maxwell Motors, c
Mexican Pet.
Miami Copper
Midvale Steel . .
Missouri Pacific
National Lead . . .
Nevada Cons. , ,
New Haven ....
N. 1. Central...
Nor. A West., c
Northern Pacific
Ohio Cities Us.
Pacific Mail . . .
Penna. Railway
Peoples Gas . . .
Pittsburg Coal, c
Pressed Steel Car
Ray Cons. Copper;
rty. steel Springs
Reading, c. ....
Rep. Iron & Steel.c
I Cock Island . . .
S., R. & Co. . . ,
Studebaker, c.-,
Southern Pacific
Southern Ry., c.
Sinclair Oil ...
Swift A Co .
Texas OA
Tob. Product .
Union Pacific, e
ao picL
3H
41H
50H
107H
84
54 hi
104
58
81 U
80
114
131 li
198
if 04
70 V
170
99
50H
88
28
28
34
67
1614
BOH
84
9s
42
10O
25
44
48
100
83
88.
" 834
9
75
17
28
161
211
76
48
95
42
32
123
88
100
149
68
484
118
Z8 Ji
88
82
44
178
27
49
30
78
1
80
79
108
95 7
65
29
45
52
60
80
24
91
87
87
26
, 1100
.1104
.-I 29
I 59
.jl34
..2f,0
.103
.131
I i.
8J
42
50
197
84
54
104
68
81
81
114
182
106
112
71
98
172
100
61
89
28
28
34
87 7
181
100
64
9
42
100
28
45
46
100
4
90
'844'
9
75
17
28
161
213
76 74
6
95
42
82
123
66
100 .
150
58
49
117
29
40"
82
47
179
27
'80
79
19
30
79
108
96
65
29
45
52
614
81
24
91
87
87
26
101
105
80
6
134
1262
103
132
Lew I Close
i
8l4
41
60
107
84
64
103 V
08
81
80
1131
131
108
110
5I;
170
984
60
.88
28
28
33
66
161
09
64
9
'42
100
25
i
46
100
63
87
'33
9
,75
17
28
161
206
75
48
95
42
31
123
64
100
147
68
48
118
28
"38
81
44
176
27
48
30
78
19
80
78
108
95 H
54
29
45
61
60
80 74
24
90 H
88
86
2tt
' 98
104
29
68
183
259
102
181
United Cigar Stores154 154 iS2 '
U. S. Rubber,
U. ,8. Hteel. c.
do pfd.
Utah Copper .
V. Chemical,
Wabash
Wabaoh. A. . .
Wabash. B . .. .
w. v. r... ,.
West. Klectrie .
Willys Overland
. .-I
1115 116
1105 lO0
110 116
89 91
75 I 75
10 10
1
' 89 ' 89
5a I 55 74
34 I 34
Sales, 83,b00 shares.
114
104
116
88
74
10
89
65
84
LIVESTOCK MARKET
IS FAVORABLE AT
THE WEEK'S CLOSE
North Portland Gets Greater Sup
ply Than a Week Ago Practically
Ail Lines Show Improved Demands-
Sheep Alone Continue Dull.
This week . . ,
Last week. . .
2 weeks ago. .
4 weeks ago.-Tear-
ago..,.
5 years ago . .
S year ago. ,
4 years ago. .
PORTLAND LlTtRTOCK RUT
Hon. Cattle. Calvesj.
3326
8729
4199
634$
8236
8384
7078
6874.
2599
2402
2420
1408
2809
590
2068
1493
193
182
6i
'81'
91
Si
Total of 155 ers of livestock "wsj received
at North Portland for the week, compared with
141 last week. 168 two week ago. LllS four
weeks ago, 147 a year ago and T7 fears two
years ago for this sam week. x
Closing prices ' for tops at Worth Portland
to is week compared with various periods
This week. .
er sis; . . 1 ,
2 yean ago. . . .
3 years ago. . . .
Hog.
.$19.50
16.65
15.00
8.10
Cattle.
$11.50
. 14.60
10.00
8.20
Sheep.
4729
4980
824-1
6463
8891
6188
4444
4913
Lamb.
$13.00
16 00
13.60
9.00
hog mar-
Portland, with
compared with
41
60
107
84
54
104
53
81
81
113
132
106
111
wo
171
08
69
89
28
28
84
87
161
09 74
64
9
27
42
100
25 74
45
46
100
64
89
161 J
84
9
75
17
28
161
209
76
48
95
42
31
123
64
100
149
68
49
118
29
21
89
82
46
177
27
49
80
79,
19
80
78
102
99
64
29'
45
Another decrease was shown In the
keung (or the week at North
a total surmlr of 8828 head
8729 a week ago and 8288 year ago.
There was a strengthening in the tone of the
local trade foe the aik days period', and prob
ably an advance of a dime in the g meral . run
of staff compared with a week ago. This -advance
waa nominal bi view of the fact! that very
severe gains were maUe in all raxter market.
To some extent the local trad was justified in
hot following the eastern rise toe rlosely; the
former sharp drop in the east not 1 eing folly
followed here. .
General hog range:
Prime mixed ......'......... $19.1 5 A 19.50
Medium mixed 18." 6019.00
Rough mixed 17.00917.38
Pig IT. (017.85
Bulk 19.00 ) 19.29
Cattle Trad Is Better
Improved trade waa shown in the cattle al
leys at North Portland for the Week- Receipts
were fractionally in excess Of those of tike pre
vious week, but below those ot this same week
year ago.
Tha great previous decline in thi ' price of
cattle caused considerable apprehension among
feeders. It develops that much of the recent
decline was due to the fact that tooj much fat
stock entered the markets at all pointa in a
bunch t therefore congesting the Jrade. This
81
81
84
90
86
86
28
199
99
105
29
68
183 74
260
102
131
73
153
115
108
116
90
75
10
34
21
89
65
84
BOSTON COPPER MAHKET
Furnished by Overbeck & Cooke Co., Board
Barbecued Meat Is
Sent Long Distance
Fort Worth, Texas, -A shipment of 3300
pounds of hot barbecued an est was made over
a distance of 600 miles by one .of the local
peeking concerns recently and arrived at the
destination ready to serve. The cooked meat
was packed while hot ia boxes constructed sim
ilarly to tireless cookers. - These boxes hold
Trora 100 to 150 pound of meat and it is
claimed that when packed this way hot cooked
meat caw ee . aiusped over distance requiring
60 to 70 hour in transeit with little variation
in temperature. 'Barbecued meat is served at
picnics and outdoor public gatherings in the
Southwest, where R is great demand for such
occasion. While the demand is not sufficient
to 'make the marketing of cooked meat under
the plan described above auccrssful from a
commercial standponit, the possibilities of such a
method are indicated, ,,
Chicago Dairy Prodnce
Chicago, June 14.-. (I. N. 8.1 BaSr Re
ceipts, 22.803 tubs. Creamery extra, 51c;
extra, firsts, 51 c;J firsts, 48 SO ci pack
int stock. 4044c.l
. Kne Receipts, 31.062 ease. Current, re
ceipts, 87 40c; ordinary- firsts, 38 ( 39c;
firsts, S9 (ft 40cV extra. 41 tg 43c; checks,
28 82c: dirties, 84 33s.
Hides and Skins
Show Increases
tncreaee in stock of practically all classes of
rude nd skins held in the United States on
April 80, 1919. a compared with the stocks re
ported at the close of the preceding month, are
shown by the monthly report on : hide and
skins just issued by the Bureau of liarkets of
the department of agriculture. The increases are
due largely to importations. - The only classes
showing decrease are whole bog skins, and deer
ana elk, skin.
The principal stocks In the United States on
April 30 were: Cattle hides, domestic 4,080.-
oa, ioreign 2.zo; slieer and lamb skim,
domestic. 3.839.352; foreign 6.315,600; rdg
and hog skins, 135.784 pieces and 1,451.090
pounds in strip; horse hides, whole 83,548
front 82,300. butts, 127,638. shank 76.118;
calf and kid akin, domestic 1,478,138, foreign
'J"; aangaroo ana wallaby skins, 506.309;
deer and elk skins, 158,016; goat' ekins, domes
tic 2,381,243. foreign 9.415,313; kid.slins.
mestio 105,974. foreign 628,508; cabretU, do
mestio 298.286. foreign 1,222,004. and buffalo
hides. 79,887.
of Trada buildir.z
dtcnture
Ahmeek
Allouez
Arcadian .
Untto Bal.
t'aL & Arix
Cal te Hecla ....
C entennlal .......
Chief 3ous.
Cons Ctp. Mine-..
Copper Haucs ....
7avis-Iiy . . . f . . .
Fast Butte
Franklin
Goldfichi Cons. ....
f'-een Mobster
Hancock
Helvetia
liottehton
Isle Roysle
Jarorae Verde
Kceweenaw
Kerr i-ase ........
1 a Salle
Lake Copper
LMson Valley
Mass. Mining ......
Mayflower ........
iiichigan . .
Mohawk ..........
Nipissing .........
North Butte
North Lake ......
1 Id Iomtnion .....
rceola. . . ; .
Superior ........
np. sV BoSroa
Swift Packing ....
Trinity ... . . .
Tuolumne ; . ,
United Shoe Machy.
United Shie Machy.
. S. Smelter . ,
U, H. Bmeltera pfd.
V ietoria ..........
Winona ...........
Wolverine ........
Wyandot ..........
Minneapolis Flax ItfnrkVt
Mtnneapolis.3une M. -(I. N. S. )
84.784.aOAprll, -$4,7,7? 4l79.
-Flaxseed,
I ' - " '-
LIBERTY BOND SALES
Liberty bonds closed In the New Tot market at foHowinf price:
3s
Monday... 99:42
Tuesday. . . . . i 99.49
Wednesday . . . 99.49
Thursday. . . . . '99.60 ; 95.10
Friday. . ,. 99.50 r' jv.
daturday,.. 99.60 99.04
1st 48
95.40
95.33
95.20
2d 4s
94.24 ,
94.19
98.82
, 93.90
V.V0
lst4 2d4 3d44th4s
05.60 94.60 95.46 94.78
95.80
95.30
95.50
95.SO
93.40
. 94.34
- 4.10
94.14
94.14
94.12
95.40.
95.2S
95.48
95.44
93 SO .
94 44
94.22
94.22 ,
94.28
93.24
'Tictory r
3 -4
.... 99.98
09.66
99.92
99.
99.94
99.94
100 38
100.46
L0O.34
pfd. . . ,
Bid.
1
.70
42
3
CO ,
68
405
15
3
' 8
SO
7
14
4
17
72
6
5
1
35
70
2
5
3
6
3
4V
10
6
87
11
13
12
SO
64
7.
3
183
4
1
60
28
86
49
2
1
22
90
Ak.
1
P
43
3
82
8
415
1
4
6
80
7
14
4
20
74
7
i'
36
73
2
. 3
5
3
10
8
68
11
18
12
40
53
8 ,
3
134
4
1
50
23 v
07
,49
2
2
23
93
POTATOES ALli ALOTQ THE COAST
Los Aneele Market -
Los Antreles, June 14.- (I. X. S.) pota
toes atocktoa Burbanks. extra fancy. 82.75
2.90t Idaho Russets, fair, 3.50 2.85; Oregon
I'nrbanks, fancy, 32.60 2.85; new stock home
grown White and Red Rote, 90e$$1.13 box,
Seattle Market
Seattle. Wash., June 14 (L N. ft.) On
ions Oregon, 6c lb.
Potato Takima Gem. $499 43$ local. $30
9 33 per 'ton.
Sait Francisco Market ;
San franc iscri," Julie 14. ,tU. P.) Potatoes
Old crop, Idaho Gems, $2.40 per cental ( Ore
gon Burbanks, 82.1 5 to, 2.85 : new Delta, 83.00
3 . 5 0 : Garnets, $ 8 . 2 8, ? 5 ; - Early Rose,
$3.503.75. : ' , , , ,
Onions New- red. $4.00 0 4.25. on the
street; do yellow, Mr4,25; Bermuda. 84.00
for Crystal Wax and $3:90 S 4 per craU lot
yellow. i. v. ......
Off ll.Bo
0 &10.00
OCT 0.60
08 1 60
9.00 9.50
8.00 8.80
6.00 e 00
6
8.60 &
6.00
00
8.00
congestion has been considerably relieved at
North Portland recently and during the latter
part of the week the tread of the trade was
steady to firm.
General cattle range:
Oood to choice stetrs .........
lair to good steer
Common to fair steers
Common steer ,
Good to choice rows and heifer.
Fair o mediun emn a ud heifers.
Medium to fair cows and heifers.
canners
Bulls .
Calves .....
Mutton Market Quirt-
Slightly decreased arrivals were to tiled! In th
sneep and lamb alleys at North Portland
the week compared with the previouk six day.
Market reflected a rather ouiet tone through
practically the. entire week, but there was no
real pressure against the price and
were needy alter tae lower start.
General sheep range: '
Fair to choice lambs ..."., ,. . . 1 1 1
cuii lambs i.,,..,'.:;;;::; 9.
Yearlings 6
Wethers 7
K-tes 6.
W0t 18.00
QlTOtatio us
Chicago Grain Ij3
Rather Unsettled
sotrtli.oo
oa9 ld.oo
00 c 8.00
00 0 7.60
00 V.00
Chicago, June 14. (I. If. 8.)-h-Corn
steady at ui opening today, with i price un
charged to - cent higher. The volume of busi
ness was light and there appeared to be selling
orders in the pit at an advance over the pre
vious close. - : i
Oats showed a nervous sentiment at th open
ing, -starting at e lower to e higher. Local
were disposed to press the selling side, being en
couraged oy the apjsirent heaviness of the mar
ket more than any fresh news developments.
Trad ws of limited volume.
Scattered burinf " and Praitoii offering re
sulted in a alight advance In opening provision
prices. Trade waa dull.
Range of
United Fret,
Chicago .prices a furnished by the
CORV
Open. High.
173 176
166 167
144, 146
OATS
.89 69 71.
68 89
68 69
PORK
6200 6200
4965 4965
LARli
8612 3638
8525 3570
RIBS
July 2810 2835
September ... 2800 2825
July
September
December
July
September
December . .
July ......
September
July
September
t. .
.
Low.
172
165
143
88
7
88
6148
49D5
8S40
8450
2810
2800
Cloee.
173
166
144
89
68
68
6175
4950
8580
8485
2830
2812
Foreign Quotations
Are Higher Than
In United Stated
The- general pubtie ha been led to believe
that foodstuff prices' at home were higher than
goods imported from . this country and sold ih
Uuiope.
The American aad ,Britinh governments us
rwnded control of the prices and th distribu
tion o! liam, bacon and lard; and fwmoved H
restrictions ori the ".trad in the articles.
Owing to the rapid rise in the price of cared
meats in the United State during the war, the
I-iitih control price have Irequently approxi
mated the retail prices on the Chicago market.
A comparison of the prices in th markets of
1(irao end London are given below a of
March 12, the latest date for which compar
ative data are available:
London.
Per Lb.
48a
64c
48e
84e
24 ff 28c
Issue of 5 Per Cent
Farm Loan Bonds to
Be Offered Shortly
Art Issue of Joint stock land bank
6 per cent bonds, issued "under tha fed
eral farm - loan act, will be offered
dhortly by a nation-wide ayndicata of
which the Freeman Smith at Camp com
pany ta the local member.
These bonds are, by act of congress,
declared instrumentalities of tha United
States government, and are Becured by
either farm first mortgages. United
States government bonda. or certificates
of Indebtedness. Principal and interest
are exempt from every form of federal,
state,' municipal and local taxes witn
tha exception of Inheritance taxes. Thla
exemption includes the federal Income
tax and income therefrom la not re
quired to be reported In income ta re
turn. These bonda and the collateral
pledged as security have been approved
by the federal farm loan board of tha
United States government. The total
issue ia $10,000,000, dated May 1, 1919,
and due In 80 years, May 1, 1989. They
are redeemable on any interest data
after five years from date of issue, trice
to the public for these bonda Is 102 and
Interest, to yield 4.63 per cent for the
first five years and a full $ per eent
thereafter until paid, income tax exempt.
Notfcs of Livestock
Trade of Nation
Billings, Mont- According to information Ob
tained by a local representative of Ui bureau
of markets the movement of caitle trora south,
era territory which comprise largely the atates
of New Mexico, Arizona and Text into the
state of Montana has been small this year. Lack
of rain is reported aa th chief cause of the
light movement and -Unless rain la . general
throughout tha state within the next three weeks,
shipments of cattle into Montana will be much
less than last year, ; To date only 6800 steer
' ve been reported aa entering the state.
North Portland Approximately 800.000
Iambs Were added to the flocks in the Takima
valley between Ellensbnrg and the Columbia
river this season, according to Information re
ceived by a local representative -of thebureaa of
market. It is estimated thst there are 200,
000 breeding awes in this valley.
DenverOnly a few ear of sheep and lambs
were left on feed in Northern Colorado on May
24. During the . week ending th same date
the movement of cattle was quite heavy, which
practically finished the marketing of cattle for
th present season. v ' . ' :
.Kansas CityThe arrival at Kansas City May
78 of 68 head of 1211 pound Brahma bulls from
Texas which sold at $8.59 recalls the importa
tion of Indian caul to the United States a tew
years ago. They are said to ba immune from
the ravage of the Texas fever - tick and - were
brought to the United State largely becsnse of
this quality. It ia the practice of ranch men
to cross these Indian- bulls on native cows. Msny
of the offspring of such crosses bars come to
market In recent yarx and they usually hav
sold comparatively well. The past week some
779 pound 2-year-old cross bred steers sold at
$11.80, and 680- pound yearlings 'went at
(11.20.
DAIRY PBOPPCE OP THE COAST
Seattle Marks.
, Seattle, June 14. IV. P, Buttei" Local
country creamery cube. 65e; do bricks, 66o-
Eggs Local strictly fresh, 80e: pullet. 48o.
Cheese -Washington cream brick, 85ff80e
Washington Young America, 88040; do Ore
gon triplets, 86 37c.
Lo Angel Market
Ixie Angeles, June 14. -U. N. B.) Butter
California creamery extra. 65fi.
Kgg Fresh extras, 4 7o; ease count, 4S e
Fullet. 42c
, Ban Franeltc Mark at
San Francisco, June 14. -(U. P.) Butter
Extras, 66 e. . .
Kggs-r-Extra, 60et extrs pullet. 44 e.
Cheese California flats, fancy, 29a.
CASH REDEMPTION
OF CERTIFICATES
OF INDEBTEDNESS
Notice Is Sent Out to Bankers by
Secretary of Treasury Indi
cating Series to Be Taken Up.
LOAN PAYMENTS ARE LARGE
iJrgent Request That Public Buy
War Savings Stamps With Pro
ceeds of Bond Coupons.
Cash .redemption of treasury certifi
cates of Indebtedness by the federal re
serve banki has been authorised by the
secretary of the treasury, accordlnu to
notice sent out Saturday to banks,
bankers and trust companies of the
Twelfth federal reserve district. The
notice reads as follows :
"The secretary of the treasury has au
thorised the federal reserve banks on
and after Tuesday, June 10, and until
further notice, to redeem In cash bufor
maturity, at par and accrued Interest to
the date -of redemption,, treasury certifi
cates of Indebtedness of any and nil
series maturing; on or before July 1.
1919, and not overdue, at the holders
option. :
This action Is made possible by the
very' larsre payments, . approximately
$3,600,000,000 received to date on account
of subscriptions to the Victory Liberty
loan. There has been no change what
ever In the treasury's plana for future
government flnahclnar "which were stated
en April 14 In the official announcement
of the amount and terms of the Victory
Liberty loan.1 ,'
In accordance with the above the fed
eral reserve bank will make cash re
demption for treasury certificates of In
dehtedneas of the following sertei :
Series T I. dated January 18, 1919 1 se
ries Tl, dated March 15, 1919: series
5 11, dated January 16, 1919; aeries 6 II,
dated January 80, 1919.
Duy W. S. S., Appeal
The secretary of the treasury has sent
out an urgent request that the public in
vest lta Liberty loan bond coupons In
War Savings Stamps. June 15 Is Inter
est day, and on that date tha treasury
department expects to pay out $38.noo,
000 In lntereat in the United Staten. The
erovernment's need for funds in this re
construction period Is stilt very ?reHt,
and if any considerable portion of thin
huge Interest payment could be in
vested In War Savings Stamps, It would
be a benefit both to the liond holders
and to the government. Hankers and
financial Institutions are urged to do ah
in their power to induce clients te so In
vest their Interest coupon.
Cascara Bark Moving
Klma. Wash.. Jan 14. Th 1919 crop nt
ciscara brk M beginning lo arrive. The re
tailing price now is 11 cents a pnnnrl, lc
lower than last year. Tha slight drop Is ei
plained by the ro)ort that a big snnilumg ni
held over 'from 1918. Schoolhnyi and otlien
(bid Pealing chlUem bark a proftabl work flur
llitf the season.
Chicago.
Per I A.
.34 40o
.ftOteO.le
4 Re
54c
32o
300
28e
Fancy bams, whole...
If'sncy ' hams, sliced . , '.
Standard hams., whole.
Standard hams, sliced . . . . 00 (?' 65c
Stroked ham butt and
shanks ..... t ..... .".1 8 St 80c
Fancy bacon, whole. ..... .4765o 4 Me
Fancy bacon, liced 50ffc65o 64c
Standard bacon, whole . . . . 4 2 ( 4 5o
Standard bacon, sliced, . .46 S2e
Freb New Tork shoulders,
ahoie ............. .25c
Fie I New York shoulders,
sliced ...... 28
Smoked pienhw ....,... 2 29
liry sal bellies, - whole . , . 1 2 W 1 J
1 w ..I,.-., . .
Northwest Officials
0f3anking Institute
To Meet Here Today
A conference of officials of the north
west chapters of the American Insti
tute of Banking Is to be held in Port
Ian today. Thomas H. West, assistant
cashier of the Ladd ft Til ton bank -and
member of the national executive com
mittee el the I American Institute of
Banking, has made - arrangements - to
have the meeting called this afternoon
at 1 o'clock- :. u-f-y ,c
. .The chapter presidents and the! past
presidents ef the, Portland. Seattle, Ta-
coma and Spokane chapters, and rep
resentatives ot the Euitene, Salem and
Albany groups of the' Portland -chapter,
have been summoned to the meeting.
The educational program for the coming
j-ear and general extension of institute
activities will be considered
The Premier In vest me nt
Through years of American development and progress municipal
bowds have proven themselves to be the Premier Investment. They
are the "promise to pay" of the municipalities issuing them. Behind
them are all tha resources existing within tha city, town, district or
'. county which authorises the bonds. Every piece of tax Able property
Improved and unimproved ia pledged to the payment of principal
and interest when due. : .
In order that we may procure the choicest of these Premier
Investment we have a corps of buyers in the field constantly atudy
lng and investigating the financial standing of municipalities and
buying only those issues which meet our requirements.
All municipal bonds purchased by us and offered clients and -Investors
tire from municipalities where the net bonded debt la Ikks
than 10 of the assessed valuation. In other words, every munic
ipal bond offered by us Is secured by taxable property over nine
times in excess of the total indebtedness outstanding against It.
' -. ' -
AFewPr emier Investments
lt.9l tfjaker Co- Or- . D. ?fo. H. .
87,C904CUekamag CoJlr- V. JI. ft. D. Jio. S.
Malnrllr. Tl1d.
, mi-ii i.o9'
.192S-81 4.St'
95,060 'Crook Co- Or., Road .....1989 4.90
16,889 Klamatb Co- Or- f. I). No. l........,....,.lfll-8S 6.00"
,69 TNeaside City sf. Or., Fasiiln-.,......,..,..nt i.thr'e
i,99$ tSherman Co- Or- 8. JJ. So, SS., 1914-tS 6.007
LIBERTY arid VICTORY BONDS
I YOU SUIT 8ELL VOUR MBtftTT f VIOTOftV BONOS, SELL TO US
IF YOU CAN BUT ftiORK LIMCRTV OR VIOTOftV BONOS, BUV FROM US
On Saturday, Jun 14, th closing Dew Tork market prices were ss given below. They
ars the governing price ior Liberty and io to ry bonds all ever the world and the highest.
We advertise these prices daily in order that you may 'always kaow the Kw Tork market
and th exact value of your Liberty and Victory bonds.
' lt 2nd .1st . 2nd . Srd ' 4th Victory Victory
V 8 H 4 - 4 - 4V4S 4 4 Vi 4 4 84 4
Wki. prices.. 199.52 135.00 893.90 $95.20 194.13 95 58 194.80 1100.40 f 99.94
Accrued in., ,01 .01 .84 .01 .81 1.07 .72 .27 .84
Total ...$99.58 $98.01 $94.24 $95.21 $94.49 $96.83 $95.03 $100.87 $100.28
When buying w deduct 8Te on a $50 bond and $2.50 on a $1000 bond.
- We sU at th e Tork market rlc plus tha accrued interest.
Burglar sad Fireproof Safe Deposit Bom for Ilent.
MORRIS BROTHERS, Inc.
THIS. PREMIER, MUNICIPAL BO3T0 HOU8K ' .
199-11 Stark Street BetwecB Fiftl aad Sltth 0 round floor
Telephone Broadway tlSt ' ' Established Oter Cf Tear
Wi offer tha ansold
$25,000
5 M year
Municipal
- - - .
Gold Bonds
Bursiaby
' Brttisli Columbia
Sixes at 98.85 to yieid 64
ask fsr dserrlptive ireuif
asKOMS SXOOSi
aAas
Freeman
Smith
'. . -
CAMP
CO.
,T it
Overbeck &
Cooke Co.
- Stocks, Bonds
Cotton, Grain. Etc,
DIRECT PRIVATE
WIRES TO ALL
. -' EXCHANGES
Members Chicago Board of Trade
Correspondents of -Logan k Bryan
Cfcicaa-o, New York
tlt-tlT Board ef Trad eiidlor
r INSTALLING A
1 H.. j
. ' J
Tmc Oaieisias, PTSjrrg Piklib ruatAcx
in yonr new home, you will dry your plftter
big evenly and quickly. Call and i.-t u.i
expUin.
S14 CTARK NEAR 6TH. Phone mti 7C-.