The Oregon daily journal., September 21, 1919, Page 29, Image 29

t f
THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, SEPTEMBER 21, 1919.
15 ,
HIGH PRICES CONTINIJE IN PRACTICALLY AIX. FOODSTUFFS '
Wool Grower Alleged to Get
$4.50 for Fleece Contained in
the Average Suit of Clothes
Charge of Profiteering In Clothing Is Passed on to Other Places by the
Producer Manufacturers Have Been Besieged With
Orders for Supplies.
Br Hyman H. Cohen
Who's profiteertnK? Apparently everyone la In the class these days, except,
perhaps, tna salaried man, and even the "bosses" are in most instances willing to
admit that a , ,
The cost of provision is, as everyone knows, hlgrh everywhere In the worla,
the foodfttuffs situation appears beyond relief, at least for the time being-.
The woolen mills men, the clothing manufacturers, the wholesalers and the
retatlers are being: charged with profiteering on clothing. Dr. McClure, well
known as secretary of the National Wool Growers' association, says the cost of
high priced clothing cannot by any means be charged directly or indirectly to the
producer of fleoce. He has an alibi that is iron clad.
Wool Grower Gets for Salt
Dr. McClure recently made the statement that the average wool grower did not
receive as much for his wool this season as a year ago, and that the entire value
of the wool in the average suit of clothes, based upon the Idaho clip, was not more
than $4. CO to the producer.
Considering the fact that the sheep owner Is today in many instances forced
to pay the herders about $90 a month "and found," which means perhaps an addi
tional $15 a month, as compared with wages of $40 and $45 a few years ago, and
the board costing about $15 added, the wool grower is quickly taken out of the
profiteering class.
Good Demand Bring a Premium
Manufacturing Interests have been able to command almost any price for their
goods during the last few years. In fact, H is openly charged that many manu
facturers take orders for certain deliveries at a stated price and then someone
comes aloiiK who is in a hurrv for the eoorls and Days a liberal nremium ovefthis
amount. Therefore the first order at the lower price is either cancelled or else
greatly delayed In filling.
In a public statment Pr. McClure says there Is an actual surplus of wool in
stead of a shortage in this country. Other interests do not agree with him, and
the fact that fleece prices continue steady to strong in this country and very
strong abroad, indicates that if this wool is available the . biggest buyers in the
business do not know where it is located.
PRODUC
E
MARKET
IS
GENERALLY
HOLDING
ESTABLISHED PRICE
Yakima Is Underselling Local Potato
Growers and Is Getting the Busi
nessDairy Products Situation At
tracts Much Attention.
Australian Apple
People Have Nerve;
May Be Checkmated
Want American Apples Kept Out of
That Trade but Want Theirs
Consumed Here.
Efforts of various American interests
to have set aside the embargo against
apple from this country placed by the
Australian government, have been futile,
and latest advices from there are to the
effect that the embargo will be continued
because it will be 'an aid to the Aus
tralian producer.
At the lame time AtutsaJls in asking the
T'nlted States to purchase and consniM liberal
supplies of apples from that country during the
period when American apples are high an the
crnwure hern are cettinc the benefit of the lea
vened supply.
Thb is charartorited by the American trade
as one of the bUnrest exhibitions of nerve tliey
havs noted for some time, and. instead of in
rreasmg the consumption of Australian apples
here, fruitcmwinB organization of the t'nited
States are .expected to ask an embargo against
the Australian product as a retaliation.
WHOLESALE PRICES IN PORTLAND
These in the pries retailew pay wholesalers,
ocept a otherwise noted -
Dairy Product
BUTTEIt Selling price, boa lota: Creamery
prime, parchment wrapped, extras, 65c per lb.:
prime first. 64c; firsts, 61e per lb.; smaller
kits at an advance. Jobbing prices: -Cubes,
extra, 60c lb.; prime first. 08S9c; car
tens, le extra.
BUTTF.RFAT PorOand delivery basis. 07
"Sic: country stations. 65ft6e lb.
OLEOMARGARINE Local KtaniU, 30l0c
Ih : tubs, 32c; l ib. cartons. 39c; 2-lb. cartons.
35c; Nntmargarine, 1-ib. cartons, 3lc lb.
CHEESE Selling price: Tillamook, fresh Ore-
ton fancy cream triplets, 38 87c lb.; Young
American. 87 Waoe lb Fnce to Jobbers, r. o. b. :
ITilUraouk triplets. 83c; Young American. 84s.
Belling price: Bricks, 4042e. Buying price
of Coos and Curry triplets, 31 He; Young Amer
ica, 83c lb., f o. b. Myrtle Point; block Swiss.
is4o: I.irnburger. 4.0 4 2c lb .
KG;S rluyins price: CurTent receipt, 57
59c doa. : candled basis. 81 62c: selling price.
rate count, 5U(3B(Jc; candled, 63c; selects,
Ei;a Public market retail price, 6!e dox
LIVE POULTRY Heavy lien. 303 31e lb.
live heua, 23 W 24c lb.: broilers, 24 28c lb.;
old roosters, 17(lHc lb.; squabs. S3. 00: duels.
-5g3ne lo ; pigeons, si.no 2.00 doz. ; turkeyi,
live, 28 30c lb.; geese, live, 15c lb.
Frath Vegetables and Fruit
FRESH FltriTS Oranges, $3.75(9 6 75 per
bx; bananas, 8W14c per lb.; lemons. 7.25(
8 50 per crate; Florida grapefruit, ( ) ; Cali
fornia graiiefrui;. t5.00W6.C0; cantaloupes,
ft0cS2 00: watermelons 1 f 1 U lb.: Cslifor-
fomia figs $1.25 iS l.SO; peachek, 85c 9 $1.00;
peach plum. 70crl 00; pears, 2.00 ( 3.00
seedless grapes. (2 00 in lues: Malaga. 9c lb
Toxay. $3.00; Muscats. 8e lb.; C'.ncord. 30c
bnVet fl lb
BERRIES Blackberries. $2.00 per crate
cranberries, $4.75 per .bushel box.
APPLESVarioua varieties, local. GOc $3.00
per box; crabapples, $j.Ja per box.
DRIED FRUITS Dates, (dromedaries, ( ) ;
Fards, $8 76 per box; raisins. 3 crown loose
M won tel. 16c per Ib-i fig. $5.00 per box of
00c -oi. packages.
ONIONS Selling price to retailers, Oregon
$3 60 per ewt. ; association selling price, car
load, ( ), f. e. b. country; garlic 25e: greeu
onions. 40a per do, bunches; Walls Walla,
$8.60.
POTATOES Selling price. $2.75 per
ewt.; buying rric for fancy large size, $2 25;
ordinary, $2.00 per cental; sweot, H 7o lb.
VEGETABLES Tnmips, $2 75 per sack;
carrot. $2.25; beets, $2.50; cabbage, Oregon,
8 He lb. : lettuce. 6575e do. : cucumbers.
90c$t.2 do.; tomatoes, 60 (w 90c box; ea-g-plimt,
6e lb.: cauliflower (California). $2 25
crate: horseradish. 15c lb : bell peppers. 12H-;
peas. 9c; string beans, 6 So lb.; green corn,
25 (3 35c per do.
(Vleati and Provlilon
COUNTRY MEATS Selling priee: Country
hogs, 24c per lb. for top blockers; beat
teal, 2t!r: heavy teal. 10 18c.
SMOKED MEATS- Ham. 34 42 He;
breakfast bacon, 36 54c; picnics. 2Gc; cot
tage mlf, 81e lb. .'
LARD .Kettles, rendered, 84 He: standard,
82c; tierce basis, compound, 274c.
Fish ana Shellfish
FRESH Flail Salmon. Chinook. 20 21c
per lb.: halibut, fresh. 16 18c; tomcod, 8c;
sturgeon. 18 9 20c; fresh herring, 6 (g 7c lb.
SHELLFISH Crabs, $8.60 per dox.;
fhrimp meat, 62c per lb.; lobsters, 30c per lb.
0 racer !e
SUGAR Cube. $10.30; powdered, $10.25;
frtrtf'and berry. $8.65; vellow. $9.05; cninu
Kated. $9.65; beet, $0.65; extra C. $9.25;
loMen . $9.15.
, HONE'S "New, $7.50 per ease.
'NrICE Japan style, No. 1, J4e; New Orleans
head,. 16 He; Blue Rose. 14 He per lb.
SALT Coarse, half ground, 100J, $17.00
Ser ton; 50s, $18.50; table dairy, CO. $26.50;
ales. 18.15 Si3; fancy table and "dairy.
$32.50; lump rock, $25.00 per ton.
BEANS- Oregon (sales by Jobbers) : Lady
Washington, 7 H 8e per lb.; pink. 7 e lb.;
lima, 14c; bayou. 7 He: red, 7c; Oregon beans,
buying price normal.
CANNED MILK Carnation. $7.25; Bord-n.
$7.16: Aster, $7.15; Eale. $11.25; Libby,
$7.15: Yeloban, $7.05; Mount Vernon, $7.15;
Haxelwood. $7.15 per cate.
COFFEES Roasted. 87 Bio, in sacks or
drama.
80DA CRACKERS In brdk, 17e per lb.
N0TS Budded walnuts, 85 36c per lb.;
almond, 81(f) 33c; filberts, 80c in saek lota;
peanut. 16c: pecans, 25c; BraaUs, 35c
Rope, Paints, Oils
ROPE Sisal, dark, 18 He; white, 20e lb.;
standard manila. 23 He.
LINSEED OIL Raw. bbls., $2.46 gals ket
ue-boiled. bhL. $2.48; raw, cases, $2.55; boiled
case. $2.58 gaL
COAL OIL Water white, in drams or Iron
bbls., 11 He' gal.: case. 24c gal.
GASOLINE Iron bbla., He: eases, 34cJ
tncine distillate, iron bbl., 16c; cases, 26 He
. - WHITE LEAD Ton lota, 12 He; BOO lb..
12 4 e.
TLRPENTINE Tank. $191; cases. $2 01;
10-ease lots le less.
WlltE NATf a 'Basle price, so. 10.
Hop. Wool anal Hide
HOPS Nominal. ltil crop, 65c per lb.
HIDES No. 1 salt-cured hides, 30 lbs. and
UP, 34e; No.- 1 part-cured bides, 80 tbs, and
up, 32c; No. 1. green hides, 80 lbs. and up, 30e;
Ko. 1 salt-cared bails,. 60' lbs. .and up, 25c;
. No. 1 part-enred buHs, 60 Iba, and up. 23c;
Na 1 green bull. 60 lb, and tip. 21c; No. 2,
hides, le pet lb less. - .
t - CALF AND OP SKINS No. 1 calf akin tip
to IS to. 8 So; No. -2 eahT akin Bp to IB lba.
80c: No. 1 kip. 15 to 80 Iba.. 50a No. 3 ku
' sains". IB to- 30 lb., 45e. ' .: -
Prune Losses
Not So Heavy;
Other Crops Good
Roseburg. Sept. 20. Reports from all parts
of the county are that the big prune crop will
ba harvested with but very slight loss. The re
cent rains tended to ripen up the pnines In some
sectious faster than they could be handled, and
there was congestion at the driers for a 'few
day that looked as thoxigh there would be con
siderable loss. However, this big rush did nut
last very long, and with plenty of help ami lots
of drier facilities the crop will be saved with
comparatively little loss.
The gain to he recorded on other fruits and
the moisture that will afford early fall plowing
will more than offset the loss. The three pack
ing plants are going to have a big run as the
crop in this county is estimated at over 7,500,
000 pounds this year.
The Italians are Very heavy and coming In
much stronger than other varieties. The pack
will be handled by II. C. (iile & Co., the Drager
Fruit company and the California Packing com
pany. The latter concern has just completed
the building for their big plant, but a short de
lay in receiving some of the machinery will cause
them to be a week or ten day late in starting
packing. The steam processor is in readiness
and the work in other lines will be rushed to
completion as fast as possible.
The new apple packing plant of the fmnqua
Valley Fruit union will be completed the first
of October. The union will occupy the building
at that time and the winter apples will be packed
in the new piant instead of by the growers, as
has been the custom, heretofore. This will giie
a more uniform grade and pack.
. . The fall apple hare been (hipped through
to eastern market by the local union and ev
eral more oars will be shipped before they oc
cupy the new plant. The new plant is of brick
and concrete and has ample room for the cold
storage of several carloads of apples. It is a
fin plant and is thoroughly modern in design
and construction.
There was a generally steady tone In
the wholesale produce . markets for the
week.
The potato situation is today attract
ing muchkjgttention because of the selling
here of such liberal supplies of Yakima
stocky while only about 10 per cent of
the sales are of this state's growth.
There are two reasons for this condi
tion. Potato growers of Oregon have
not kept pace with other districts and
have allowed quality to deteriorate, and
they are by no means disposed to ac
cept competitive quotations for their sup
plies. Yakima Potato Get Business.
That Portland it buying much more Yakima
potatoes than of its own stock at this time is
known to all in the trade. Owing to the fact
that local growers are usually Blow about start
ing their selling season, the Yakima growers
secured the busine. Wholesalers who would
purchase the local stock rather than go else
where for their need, have been unable to
secure more than a small percent of their
requirement in the home territory and were
therefore compelled to go elsewhere. The fact
that Yakima is looking after its quality is
another factor that influences buying there.
Onion Outlook I Good.
With a crop somewhat tn efcess of the pro
duction of a year ago, the season for Oregon
onion i being formally opened here. While
only small sales have as yet been made here
because of the lack of more general offering,
due to the rains, which stopped trade at country
points; the outlook is exceedingly favorable so
far as values are concerned.
Egg Trade Qoee Higher.
Portland again secured the government order
for snpplying the Alaskan railroad commission
with eggs. Being a primary marketing center,
it is able to pay producers a better price or
their supplies and still undersell other markets.
Local egg receipts have been very short re-
ALMOST A RECORD OF
U
SUPPLIES
IN PORTLAND ALLIES
Local Yards Get a Big Supply With
Resulting Weakness and Sluggish
Tone and Mutton Market Hogs
Show a Very Severe Decline.
PORTLAND LIVESTOCK KCN
Hogs. Cattle. Calves, sneep.
This week
Last week ......
Two weeks ago. . .
V our weeks azo. .
Year ago
Two years accx . .
Three years ago. .
Fonr years ago. .
a87
2210
2128
27J9
8998
8640
4524
5230
2724
2455
2384
2942
2099
8400
155S
1807
79
255
617
297
255
180
65
108
7921
6253
6085
45S3
10SS
3000
4257
3460
Export Demand Continues to
Have Stiff ening Effect on Values
Of Foodstuffs in This Country
Enropean ' Goyeramsnts Report Officially That Extrsma Shortage Exists, De
spite Reeeat Statemeit From Herbert Hoorar That ao Orsr
" aeondaaee of Supplies Is Shows.
North Portland almost had a record
run of livestock generally for the week.
Total run during the period was 171
cars compared with 137 last week, 165
two weeks ago, 172 four weeks ago, 121
a year ago and 180 cars two years ago
for this same week.
8 wine market with total offerings of 2587
head compared with 2210 head a week ago and
3998 head a year ago, showed intense pressure
and weakness at the opening, with a sheer loss of
$1.25 in the prices aA compared with the pre
vious week. The market showed only fair runs
late in the week snd this kept the trade steady.
Cenerat hog market range:
Prima mixed $17. 001750
Medium mixed 17.00 17.25
Kongo, heavies 16.0016.80
Pigs 14.5015.00
Bulk 17.25 17.50
CsCUs Situation Good
Situation in the cattle trade at North Port
land was generally of very favorable character
daring the week' activities. In the allejrs ar
rival totaled 2724 head compared with 2465
last week and 2009 a year ago.
Whire there was no- change la the general
price for the week, killers appeared more eager
buyers and offerings moved off quickly at estab
lished figures.
General cattle range:
Best steers .110.50 911.60
Good to choice steers 9.B0 10.25
Med nun to good steers 8.60 WOO
Fair to good steers 7.50 8.25
Common to fair steers 6.00 7.00
Choice cows and heifers 8.00 8.00
cently. and the government order naturally v,i. -. t on a 7in
gave the trade greater strength and forced higher Medram good eows aBd heifers oisOltf 700
Fair to medium cows and heifers O.uow o.uu
TBADERS IS COTTON ARE
INCLINED TO GO SLOW
New York. Sept 20. (I. N. S.) Al
though first prices were 6 to 22 points
lower at the opening of the cotton mar
ket today, the undertone was barely
steady. Traders were not inclined to
operate heavily either way.
Business continued moderate after
the start and the range of prices was
narrow, reflecting steadiness in the ab
sence of offerings with the list about
10 points, net lower at the end of the
first J5 minutes.
A wave of loral covering gave the market a
firm tone in the late dealings, with the close
2(s$10 points net higher.
Furnished by Overbeck '& Cooke Co., Board
of Trade building:
0H?n. High. Ixiw. Close
J?n 285 3013 2082 3010
I' eb .... .... 3012
March 3000 3027 2907 3020
Mav 8005 3030 3002 8025
J" 3024
July 2905 29P5 2992 3023
A 29K5
s, l 2H.VH
"ct 2970 2SS2 2957 207-)
.... 29S7
IVc 2999 3012 2975 3007
DHT HIDKS Dr flint hides. T Tbsl amt'tm
40e: irv flint eslf, under 7 lbs.? BOei dr flinr
bulls, 2Cc; dry salt, bide 7 lbi, snd op4 24c: trades. S0B5c,
AMERICAN LIVESTOCK: "PRICES
Chicago Hogs $18.28
Chicago. Sept 20. (L N. 8.) Hogs Re
ceipts 3000; mostly steady. Top. $18.25:
Itvavywcmht. $ 1 S.SO 1 8.00 ; medium weight.
$1H.7518.25; light weight, $17.25 0 18.25 :
liciit lichts. $16.00 (el.T6; heavy packing sows,
smooth. $ie.t016.50; packing sows, rough,
$15 25(8.15.75; pigs, $15.00 16.50.
Cattle Receipt, 600 ; compared with week
ago. choice native Bteers mostly steady: in between
kinds 25e lower. Bet she stock, strong to
25c hlgtier: bulb, 50c 75c lower; veal calves,
fiOc higher; heavy calves, 50c (3 $1.00 higher;
Wetern steers, steady; Western she stock. 25c
hieher; stackers and feeders, steady to 25c
hicher.
Sheep Receipts, 2500; dull, compared with
week aco. Killing grades. $1,00 62.00 lower;
breeders feeder xheep lamb, nor r $2.40 lower.
Denver Hons $16.50
Denver, Colo.. Sept. 20. (U. P.) Cattle
Receipts 700; steady. Steers, $9.50 13.00;
cows and heifers, $7.50 (ffi 9.00 r stockers and
feeoVrs, $7.5011.00; calves, $10.00 ( 14 00
Hogs Receipts 200; strong. Top. $16.50;
bulk, $16.00 16.50.
Sheep HeceipU 11.000; strong. Lambs
$ 1 250 13 25 ; J ewes. $6.50 7.25 ; feeder
Iambs, $10.00 11.00.
No Hogs at 6eattle
feattje. Wash.. .Sept 20. (L N. S.) Hogs
.None.
a.naCT;Kipt' J190' Best steers,
f A JX11 25 : nliun) tn choice. $9.00
10 00; common tn good. $6.008.00; best cows
and heifer. $7. 25 At, 9.00 ; common to good
$7ooi4 oo7'50: buIK ,5 00T-5; c"Te.
Bheep None.
values. Receipts of eastern stock are liberal
and withdrawals from storage are Increasing
materially.
Butter Situation I Slow.
Market for butter is somewhat alower here,
with a liberal increase in the movement of
cubes to Portland during the week. There
continued a scarcity of No. 1 stock, but de
mand for ordinary quality was less keen. In
fact, the situation as a whole does not appear
to be quite so healthy.
Cheese Trad Is Stationary.
Trade in the cheese market was steady and
price held generally stationary for the week.
A, featnre of the trade here during the week
was the resale by California of quite a fair sup
ply of Coos Bay stock to Portland interests at
a discount from the price that the trade could
buy in the latter section. This in itself would
indicate an easier tone in the southern trade.
Poultry Receipt Accumulate.
Receipts accumulated 'in the poultry trade
here during the week, with srrivals much more
liberal and demand somewhat restricted on this
account. Values were generally reduced a cent
a pound.
Ducks are coming forward in quite fair sup
ply, but aside frpm Pekin, there iB little de
ma fid.
Veal Market Reaches Higher.
Market for country killed calves reached to
a higher point in the local trade for the week.
Arrivals were extremely limited and with a
fair demand, sales' were made up to 26o a
pound for the better quality.
Country killed hogs were not in liberal rap
ply, but on ccount of the recent lowering of
the livestock Trices, sales were made at a dis
count from last week.
Canned Salmon Market Hold
While there are indications that the public
will not be inclined to pay the extreme price
being quoted for the lower grades of canned
salmon, the' situation is keenly firm as re
gards the better grades and packs.
Run of Balmon in the Columbia during the
week was extremely light, and some premium
ia being paid for raw fish by packers.
Apple Situation It Dull.
Considerable activity was shown in the mar
ket for apples here during the Week, but the
trade was confined entirely to the local field.
In the producing sections of both Oregon and
Washington there is a noticeable absence of
buyers with real money at this time. Grow
ers are trying to sell at the extreme prices
paid by speculators some- weeks ago, but present
values available are from 25c to 40c below
those figures.
Grain Is Damaged
Kelso, Wash., Sept. 20. Considerable dam
see was done to grain by the rainfall, but tne
yields are surprisingly good under the circum
stances, many of the farmers reporting yields
arotind 125 bushels of oats to the ae. Be
tweeii two and three more week will be re
quired to complete the harvest in diking district
Na 1.
Price of Wheat la Canada
Consul General Foster reports from Ottawa
tl at the wheat ccntml hoard of Canada has de
cided to fix the initial "price to farmers of No
t northern wheat at $2.15 per bushel at Tort
William. Ont
dry salt calf, under 7 lbs., 74c; dry salt bulls,
20e; dry cull hides and skins half price.
HORSE HIDES Large, good take-off, with
beads on, from $5 to $10 each; small or poorly
taken off. halt price; hide with head off, 50c
less.
PELTS Dry long wool pelts, per lb., 86c;
dry medium wool pelts, per lb., 30c; dry shear
ling pelts, 60c($1.00 each; salt long wool
pelts, $2.00 3.50 each; salt medium wool pelts.
$1.50 02.60 each; salt shearling pelts, SOe0
$1.00 each.
MOHAIR Long staple, 45o per lb. ; short
staple. 30c per lb.
j TALLOW AND GREASE No. 1 tallow. 18c;
no. i, izc; no. i grease, lUc; Mo. 2 grease,
8c per lb.
CHITTIM OR CASCARA BARE New peel,
lie per lb.
WOOL Valley half blood Merino and Shrop
shire. 50c; Cotswold and Lincoln, 4045c;
matted Cotswold. 80Se; timber stained, fre
pei lb. less; lasibs' wool 4c per lb. less. .
' Eastern Oregon, Eastern Washington and
California Wool Merino and Shropshire. 85
40c; half, blood Merino and1 Cotswold, $7 9 42c;
Shropshire, 87 42c; Cotswold and Lincoln,
straight and mixed, 8285e; fcurry, Se pec lb.
less: lamb' 4o per )b. Jess.
Fins Wools Mermo sombing and carding
Rr.SSIAX ST'NFLOWER HAS
GOOD GROWTH AT KALAMATH
Klamath Falls, Sept 20. As a result of
experiments made thw year by H. A. Talbot,
Russian sunflowers have been found very aii Uta
h's to Klamath's climate and are expected to
be grown extensively hereafter. Thb flowers
are an ensilage crop and Mr. Talbot says hi
horses, cows and bogs eat it ravenously.
The experiment this year was made on a six
acre plot and the production has been splendid.
The flowers grow six to 10 feet high and often
average 15 pounds to the plant The crop is
handled exactly as is a corn crop and withstands
freexes and no little drouth.
Mr. Talbot ha tried feeding the sunflowers
to his cows and observed a marked increase in
milk production. He has built a silo and is put
ting away most of the crop for use next winder.
t anners 8.0OW 4. BO
Bulls 6.00 7.00
Carves 8.00 14 00
Btockers and feeders 6 60 0 9.00
8heep Alleys Are Sluggish
filus-irlfh tone was shown in the sheep and
lamb alleys at North Portland for the week.
Total arrivals were 7921 bead comparea wiui
6253 last week and 1631 a year ago. While
there was a showing of strength in the trade for
extra good lambs, the general market for mutton
and lambs was extremely quiet with accumulations
roost of the period.
General sheep and lamb range:
Eastern Oregon lambs $12 60 ( 13.00
Valley lambs 11.00 012.00
Yearlings 7 60 0 9.00
Wether 7.00 0 8.00
Ewe 6.00 7.50
Chicago Grain Is
Lower at Start;
Provisions Are Off
Chicago, Pept 20. (1. N. S.) Grain selling
Induced by the weakness in the New York stock
and cotton market and a more favorable weather
outlook sent opening eorn prices down 54 c to
1 c at the start today. On the break com
niission houses were moderate buyers.
OaU opened Vt (9 c lower. There was gen
eral commission house selling and a lark of
support The decline brought out some buying
by local bulb, bnt offerings were ample.
Provisions opeped 1 0c to 15c lower for lard,
with weakness in grain offsetting the firmness in
hogs. Trade dull.
The export situation continues to
dominate almost entirely the foodstuff
market In the United States. Only by
an official order of the "United States
government, cancelling entirely the exporting-
of foodstuffs to Europe, can
consumers of this country hope to se
cure a general lowering of values.
That there Is a surplus In this country
and that huge supplies of foodstuffs are
being held by speculators with the hope
of securing this foreign demand at ex
treme prices, is known to those who are
In touch with the situation at home.
The shortage of butter, eggs, poultry
and meats abroad is serious and there
is apparently no hope of dominlshing
the call from abroad at least during the
present season. The recent interview
with Herbert Hoover, in which the
former food administrator made the
claim that "Europe was flooded with
food, is not borne out by the official
reports of the various European gov
ernments. British Controller Anal vie rood Situation
The food situation of the United Kingdom
was analysed by the British food controller at a
meeting of representativen of the British press.
The following excerpts dealing with the con
trol of foodstuffs this fall and winter will be
of interest to the American trade.
"There Is a unanimous call, not only for the
continuance of food control, but for its reim-
position on those commodities from which it
has been lifted. I ascribe this demand on the
part of the public and the press for the con
tinuance of oontrol to three causes: Firstly, to
the popular disappointment that since the end
of the war prices have not fallen as largely as
it had been generally hoped they would; sec
ondly, to the fact that other essentials of life
which were never controlled during th war
have shown a tendency to ao up in price since
the war; and, thirdly, there is undoubtedly very
grave apprehension as to the course of prices
during the coming winter. In tnese circum
stances the government has decided that the
ministry of foJf shall continue for the present
with full powejl. and I am accordingly making
arrangements to regulate during the coming
winter supplies, prices, and distribution of es
sential foodstuffs, either by statutory order or
by arrangement with the trades concerned.
"The articles so controlled will comprise bread,
meat bacon, milk, cheese, butter, margarine,
ugar, fih, eggs, and certain subsidiary food
of which there may be an actual or prospective
shortage. As regard consumption. I hope it
will not bo necessary to restrict consumption by
a revival of the coupon system, bnt we haU
undoubtedly have to maintain registration in
the case of meat sugar, and butter, at least
How Food Are Controlled
"The ministry of food has always exercised
control, and is now exercising it in four way:
Firstly, assurance of supplies; secondly, dis
tribution: thirdly, control of prices; and, fourth
ly, control of consumption. The degree of con-
., . ..ri.. in different foods. Thus.
control under the whole tn me lour neaus
exercised in the case of sugar, meat and but
ter. Control nnder three heads, assurance of
supplies, distribution, and prices, is exercised
in the rase of cereals and cheese, while con
trol of price alone is exercised in respect of at
lat 90 per cent of the principal foodstuffs.
"Prices Bread: The price of bread here
is 9d ($0,182) per quarter loaf (about 4
pounds). In France it bl0d lO.21JV. IWy
Ud ($0,223). Sweden Is. 3Ud -31,4A
Switzerland Is, Vid ($.253). Germany Is. IVid
( $0.274) .
Beef Here it is Is, 6d ($0,365) per
.pound, in France 2. 6d ( 0.608 ) . Italy 2.
8d ($0,649), Sweden 2, 8d ($0,659),
Switrerlana 24 2d 10.627), Germany 2t. 8d
A teat
"Baoon Here bacon is 9a. fid ($0.6081. in
Franc and Italy 8s, 2d ($0,770), Sweden 2s,
lid ,(t0.75). Switzerland 6. fid ($1,899),
Germany 4t, 10 ttd ($1,186).
Foreign utter Priesa
"Butter Here it Is 3s.'6d ($0,608) ner
rewind, in France Ss, 8d ($0 851), Italy 5i
($1,217), Sweden 3s. 8Hd ($0,902), Switzer
land 2s. lid ($0,709). Germany 6t ($1.40h
-.uartarine Is cheaper. Here than in any
other European country.
"Potatoes are cheaper her than in prac
tically any other Enropean country.
"Wheat The principal aim of the wheat
eommiasion ia tn effect a material reduction of
the bread rubsidy at an early ' data. This de
pends on th possibility of tonnage and finance
becoming sufficiently fluid to enable require
ments to be met by purchases in the cheapest
market orincioallv Arcentina and Australia.
whase targ supplies are available. As regards
Argentina, a considerable quantity or wneat
has already been purchased for shipment in
the near future, and further supplies will b
bought as soon as finance is available. Sufficient
tonnage has already been allocated to deal with
the balance of the last purchase of Australian
wheat, and negotiations have been successfully
concluded for pure ha of a further lot
"Dried frnlt Although there ha been an
increased production of dried fruits generally
in the United State the consumption in that
country has largely increased, and very little
relief can be expected by making purchase
there. Dried fruits play an important part
in th working class family, and I may find it
necessary to control supply and price throughout
the coming season, since previous experience
has shown that shortage In an article Ilk
dried frniti at one leads to gambling and
abnormally high prices."
Wool Market Is
Better in Boston,
Boston, 8'pt 20. Xendition along Sum
nier street ar somewhat mora cheerful now
than they wer a week age. Th market has
retlveiad some of previous strength and inquiry
has' been noted from buyers who have not fully
supplied their needs. Sine tha-'receipt of pri
vate Jid press rablegrama regarding the strong
opening of the Unndon sale and the continued
trength on th following day thus tar rationed,
however, th trad lur has been greatly en
couraged snd strengthened.
Dealers again are calling attention to th fact
that good wools can still b bought for less
money here than in London. Better yet. fliey
ar right in stock and can be delivered with a
minimus of delay. Leading wool men deprecate
effort to giv th local market an air of weak
ness which they say does not exist The mar
ket baa been qutet and the demand since Labor
day disappointing, but ao fteriou weakness has
developed.
Choie stapl territories eaa anoted st
$1. 8001 86, dean barf blood tapl at $1.63
(a-1.70, three-eighth blood stapl at lUOfe
1 8i. quarter blood staple at $1.16 1.20 sni
fine and fine medium clothing at tl.60ffl.66.
Ielera report a little more Inquiry tor Cali
fornia wools and some inter eat if being shews
in olioic Northern clip.
Receipts for th week wsr: Domestic, 1,13d.-'
3few York Cagar and Ceffta i " ;-J"
New York, Sept 20. (I. N. B.) Coff
rlwed: September 1SS9W41; October 161$e
21: November 14991501: December 1479
1480: January 1476M14H0; February 1418
M1478; March 1470. 1475; April. 147 1 '
1470; May. 1464146S: June, 14o2S1465
July. 14HOC14tt5; August. 1 480 f 1465.
New York, Kept 3. (U. f.) Coll
No. 7 Rio. 164c: No. 4 Santo ( SO He.
Sugar Centrifugal 7.28.
Seatfl Fruit Market
Seattle, Wash.. Sept. 20. (U. P.)
l'eachea. Kaatern Washington, small. 5060cj
do. Klbertu. 00 85c. Pears. KuUra Wash-'
ington BartlettH. fknry. $2 50(43.00; do ripe,
$2.00 2.50; fsll, $2.25.
LIBERTY BOND SALES
Liberty bond closed in the New York market at following prices:
ai lit 4s Sd4 11441 2d4Vts 8(1 4 "4 s 4tn 4
Monday. . . .
Tnesday . . .
Wednesday. ,
Thursday. , ,
rriday ....
Saturday . .
, . 99.98
, .100.00
. . 99.98
.. 99.98
. .100 00
..100.00
94.80
94.84
94.98
9S.06
95.10
96.00
98.12
98 14
93.14
93,44
9S.78
93.80
94.90
95 06
95.10
95.10
95.18
95.12
93 30
98.28
93.30
83.46
93.78
94.24
95.34
6.24
95,26
05.66
95.64
95.70
VS. 2 (I
S3 28
98 38
98.54
93 90
93.84
TietOfT
8t 4i
09.80
o.8
99.88
99.93
99.92
99.96
99.8S
99.88
99.88
9.93
91.92
99.9S
LIBERTY and VICTORY BONDS
ir ru mutt sn your Lltxriy or Victory bona, sell t ui
If yu can buy mar Liberty or Victory bonds, buy from us
On Saturday. Sept 20. 1019. th closing market prloee wer a given below. Thy
ar the governiag price 'for Liberty and Victory bond all over the world, and the highest.
We advertise these prices daily tn order that yoa may always know the New Tort market
and th exact vaju of your Liberty and Victory bonds.
1st 2nd 1st Ind
8H 4a 4 4 4 141
Market ..100.00 95.00 83.80 95.12 94.24
Interest 98 1.07 1.40 1.13 1.49
$rd 4th
44s mi
95.70 98 84
.0T 1.84
Viator
8 V 4ft
99.92 99.98
1 26 LS0
Total 100.98 96.07 85.20 98.25 95.78 95.77 95 68 101.18 10168
Wbn buying w deduct 37o on a $50 bond, and $2.60 on a $1000 bond. W
sell at the New York market plus th aoerued interest
Burglar anal Flreof Safe Deposit ao for Rnt
Opn Until l. M. en Saturdays
MORRIS BROTHERS, INC.
THS PREMIER MUNICIPAL BOND HOUSE CAPITAL ONI MILLION DOLLARS
Morris Building, 809-811 Start at, Btwn Bth and th. ,
Tttophone roadway 2161. Establlihtd over 28 yafa
aw ,
Cange of
United Press:
Chicsgo prices as furnished by
CORN
September .. 145 147 145 Vi 147
Kecember ..123 1231 1214 122 V,
May 120 121 1194 1204
OATS
September .. 66 4 R i 66 66 "4
December ... 69 00 H 68 Vi
May 71 71 70 4 70
POEK
October 3425 3475 8380 3380
LARD
October 2455 2460 2385 2385
January 2185 2185 2115 2115
RIBS
October 1000 1900 1855 1857
January 1780 1782 1740 1745
PACIFIC COAST BAi K STAT :ME5T
Naval Stores Market
New York. Sept 20 (I. N. 8.) Turpen
tine Savannah, $1.65 1-68; New York,
$1.71.
Rosin Savannah, $15.85 & 16.00; New York,
$17.25.
Portland Banks
Clearings: This Week. Year Ago.
Monday ....$13,130,721 24 $ 8,093,878.61
Tuesday ... 7.609,750.97 5,477,568.78
Wednesday .. 6,629, 640. r6 4,669,283.60
Thursday .... 7,619,214.44 5.822,663.31
Friday 5.702.190.42 5,402.605.74
Saturday ... 6.197,237.82 4.995.315.07
Week $46,978,755.45 $32,261,315.26
Spokane Banks
Clearings Saturday $2,576,907.00
balances Saturday 1,150.018.00
Tacoma Banki
Clearings Saturday $ 844,906.74
Balance Saturday .' . 120,036.74
Seattle Bank
Clearings Saturday $ 8.041,765.00
Balances Saturday 2,538,972.00
8n Francisco Bank
Clearings Saturday $22,253,026.00
Lo Angeles Banks
Clearings. Saturday $7,745.952 00
ROBERTSON & EWING
GOVERNMENT CORPORATION MUNICIPAL
BONDS
LOCAL SECURITIES
207-8 NORTHWESTERN BANK BLDG.
PORTLAND. OREGON
I
BONDS
r GOVERNMENT-MUNICIPAL
CORPORATION
G. E. MILLER
& COMPANY
. INVESTMENT SECURITIES
iUrjiClfiAT
ESTABLISHED 1812
205.6 NORTHWESTERN
BUILDING
PHONE MAIM 4198
BANK"
DAIRY PBODrCE ON THE COAST
San Francisco Msrkst
San Francisco. Sept. 20. (U. P.) Butter
Extras, 64 He.
Eggs Extras, 66He; extra pullets, 61Vie;
undersized pullets, 4 2c.
Cheese California flats, fancy, 39e.
Seattl Market
Seattle. Sept 20. (U. P.) Butter Local
country creamery cubes, 64c; bricks, 65c
Eggs Local strictly freh, 72c; pullets, 65c;
storage, 66 58c.
Cheese Washington triplets, 34 35c.
Los Angel Market
Tos Angeles, Sept. 20. il N. S.) Butter
California creamery extras, 66c.
Eggs Fresh extras, 60c; case count, 66c;
pullets, 50o.
Live Poultry Hens. 26 31c; broilers, 35c;
fryers, 31c.
"New Tork Ban Statement
New York, Sept 20. (I. N. .) Bank
statement:
Average Loans, increase, $131,436,000; de
mand deposits, increase, $151,005,000; time de
posits, increase, $34,029,000; reserve, increase,
$28,579,590.
Actual Loans, increase, $242,084,000: de
mand deposits, decrease. $4 6,323,000; time de-P-Kit..
increase, $39,230,000; reserve, decrease,
$98,867,420.
New York-Lonc?on Sllrer
New York, Sept 20. (I. N. 8 ) Commer
cial bar silver is Mc lower at $114H.
London. Sept 20. (I. N. 8.) Bar sflter
is unchanged at 62d.
Don't Sacrifice
your
Liberty
and
Victory
Bonds
We buy and aell all issues
W reolv New York market
quotations by wire every morning
4 Market Interest Total
3H 1.00.00 .93 100.93
1st 4s 95.00 1 07 96.07
2nd 43 93.80 1.40 93.20
1st 44 95.12 1 13 96 25
2nd 4 14 94.24 1.49 95.73
3rd 4 14 95.70 .07 95.77
4th 4 4 93S4 1.84 95.88
Vict 3 99.92 1.2 101.18
Yict 44 99.96 1.6L 101.57
Deliver ur your bonds In parson or by reel stereo1
mall, and w-wtll pay you highest oonltnt pric
Freeman
Smith
Camp
Co.
Mua i Mia i ua Bmck kw
Mam
Overbeck &
Cooke Go.
Stocks, Bonds
Cotton, Grain, Etc.
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Members Chicago Board of Trade
Correspondents of Lou an & Bryan
Chicago New York
-C . -
1 If. J 17 Board .. of Trad Bandiag
axn..imiuni' in li.
iiuffajiiii..i.i.Mii4J)liiLii.iiwiia
3
wrji.mwjMg
'""""" "
s'l
The coupon clipper enjoys a feeling of in
dependence and self reliance.. He knows that
every so often he can go to his safe deposit'
box, take out the Government and Municipal
bonds which have been so safely placed there,
and clip the interest coupons from his bonds.
It is so -easy and so sure ---so safe'.
A Government or Municipal Bond is just
like so much money in the bank, but with this
added advantage you get a very profitable
rate of interest upon your bonds, and idle
money in the bank doesn't bring anything.
If you want to figure it out for yourself you
will find that $1000 invested in Government
or Municipal Bonds drawing 6, and the in
terest invested in the same kind of securities
will, at the expiration of 20 years, amount to
$3200. Be a coupon clipper.
Ask about our Partial Payment Plan.
The Premier Municipal Bond House
Capital One Million Dollars
Morris Building 309-1 1 Stark Street, Between Fifth and Sixth
Telephone: Broadway 21 51. Established Over a Quarter Centu
PORTLAND, OREGON
' ""rir irrti -8.11 rrin 1 r'iiii jMiaijiii.virii'irri-i uTi ai"riiirriiinir nirivnTrii;""
11
CONDENSED REPORT OF THE CONDITION OF
The First National Bank
AND
Security Savings and Trust Company
At the Close of Business September 12, 1919
QrcniTRrFC The FIr8t Ntlon41 Security Havlnrs Combined
RESOURCE Bank and Trust Co. -omoinea
Loan and discounts $23,354,699.65 1,800,564.33 25,65 5,263.98
U S bonds 6,103,223.81 6,103,223.81
Other bonds, etc 2,855,580.51 1,053,745.03 3,909,325.54
Stock in Federal Reser-ve bank 105,000.00 105,000.00
Bank premises and other real estate 897,575.80 897,575.80
Customers' liability under letters of credit
and acceptances 1,125,902.50 6,000.00 1,131, 902.50
Due from U. S. treasurer v.. 75,000.00 75,000.00
Cash on hand and in banks 9,872.966.21 1,658,822.75 . 11,531,788.96,
Total..'. 44,889,948.48 4,519,132.11 49,409,080.59
I IAR1I lTIF'i The First NaUonal Security 8avlnga Combined
L1AB1LW iC Bank and Trust Co. uu""
Capital stock 2,500,000.00 250,000.00 2,750,000.00
Surplus and undivided profits 1,333,605.46 295,622.11 1,629,227,S7
Circulation 1,499,995.00 1,499,995.00
Letters of credit and acceptances 1,129,562.50 6,000.00 1,135,562.50
Deposits 38,426,785:52 3,967,510.00 - 42,394,295.32
Total......;..... 44,889.948.48 4,519,132.11 49,409,080.5?
1