r - - -- .
MOVEMENT OF OREGON VEGETABLES SHOWN TO THE; EAST
fitted by
Hymim B. Cobca
FROST DAMAGED FRUIT TREES
Edited by
W n. . . M-asiar!
E
IS NOW EFFECTIVE
Ri.se of 3c Pound With Similar
Gain for Bulterfal Takes Effect-'
Outside Markets an Influence.
Advance of 3c a pound In the price of
butter effective here during the day
(Monday) has stimulating buying- In the
local field. ;
Receipts of cubes from th country ire some
.what lea liberal; Indicating iyt only a greater
home demand for tnch supplies but (mailer
output, due to climatic conditions.
New Drier of - print ia 62e a pound for
parchment wrapjiers and 93e in carton.
With baiter 8e higher, the price of fit made
lika advance, which meant 61&62e for Port,
land delivery and 59 & 60c per pound at country
stations.
Whetb-r the market w11!rrnaln firm, de
pends entirely upon weather condition both
here and at mher points. Outside markets hare
considerable influence upon the local trade at
this time.
The fast that much stock was sold to lnter
ntountain sections recently clesned up the pre
vious surplus of both No. 1 and So. 2 butter.
COOP CABBAGE IS VERT FIRM
Pint clan anility cabbage It very firm to
the local market with best local selling at Be.
Carload lots of California Winnlngsteed and
Flat Dutch are irnTing and the best is quoted
at 8 H c a pound and b expected to sell still
higher.
POTATO GROWERS ARE HOLDING
While some sale of local potatoes are re-
forted by growers st $3.50 8.75 per cental
ortland, most of the producers are holding for
higher futures. Practically no buying for out
side, market is reported.
FRESH FISH PRICES ARE HIGH
Limited supplies of local fresh salmon are
erriring ami the bent la quoted at 2223o a
pound. Halibut is very earoe with recent aalea
up to 28c a pound. Crabs are in good supply
at former prices.
DRIED FRTIT MARKETS HIGHER
All dried fruits are showing a firmer tone,
especially grapes and raisin. Demand for both
of these, articles is very liberal in the Middle
West and liberal shipments are being made
from here.
POULTRY values still mixei
Mixed tone continue in the poultry trade
with most of the sales of heavy bens at 8.1c
' a pound and sprinkling of business at 34 85c.
For d retted turkeys the market is very firm at
full price.
BRIEF NOTES OF PRODUCE TRADE
California bead lettuce is cheaper; supplies
liberal.
Camisvll's oup np 21e a doeen.
Recent lowering of values an aid to celery
demand.
Country killed meats steady at unchanged
price.
Onion market is holding steady both in the
city and country
WEATHER SOTICE FOR SHIPPERS
Weather bureau advise: Protect shipments
during the next 88 hours sgalnat the following
minimum temperatures: Going north, 80 de
grees; north ait over S.. P. S. H. R., 10
degrees: at to Baker. 18 degrees, and south
to Ashland, 80 degree. Minimum temperature
at Portland tomorrow ,ebout 82 degrees.
WHOLESALE PRIC.E8 IX PORTLAND
These are prices retailers pay wholesaler,
except a otherwise noted: ,
Dairy Product
BTTTTER Selling price box lots: Creamery,
prime, parchment wrapped. 82e per lb.; prime
firsts, 80c lb.: firsts. 5960e per lb. : smaller
tra, 59c per lb.; prime first, 87. 17 Ho per
lb.; cartons, lc extra. Selling price No., 1
storage butter, 50c: off grade, 49c per lb.
' BUTTKUFAT .Portland delivery basis, 61
C2c; country stations. 69 60c.
OLEOMARGARINE Best brands, 40c; ordi
nary, 83 Vic; bakers,' 33c; N utmargarine. 1 lb.
cartons. 82c per lb.
CHEESE Belling price: Tillamook fresh Ore.
gon fancy cream triplets. 3536c lb.; Young
America. 86 4870. Price to Jobbers, f. e. b.
Tillamook, triplrts. 32c: Young Americas. 88c.
Belling price: Cream brick. 40 42c; buying
price of Coo and Curry triplets, 31c; Yuung
America 82 H c lb. f o. b Myrtle Point. Selling
price: Block Swiss. 48 0 4 Be; UmburgeT. 40
42n per lb.
Erjog Buying prices: Current receipts, BOc;
randled. selling price. 6668c; select, 88 0608
per dosen.
LIVE POt'LTRY Heavy hens, 83 ? 85e per
lb; light hens, 28(80c; spring light. 40c;
heavy, 20c; old rnrwters, 20c pr lb.; squabs.
88.00; dressed ducks. 48j50c lb.; pigeon.
1. 8002.00 per dosen;. turkeys, live. 850806
lb.; dressed, 50 (S1 51c lb.: dressed geese. 80e lb.
Fresh Vegetable and Fruit
FURS!! FRl'IT Orsnges. (4 00 9 5.50 per
bnx: hsnana. 10 11c per lb.: lemon", 84 73
6.00 per crate: Florida grapefruit. 85.78 0
6.28; California grspetruit, ( ) crste; pears.
TRANSPORTA"! tii
I-M-M-Lines
AMERICAN LINE
NEW TORK-PLYMOTJTH-CH
EllBO UKCJ -SOUTH AM PTO!f
Kew York Feb. 7, Mar. 6
fit. Paul Feb. 14. Mar. 18
Philadelphia Feb. 21. Mar. 20
NJJW YORK-HAMBURG
Manchuria Feb. 1 1
Mongolia v...Feb. 26
RED STAR LINE
JfKW YORK TO AVTWF.RP YIA
PLYMOUTH AND CHERBOURG
Lapland Feb. 24
WHITE STAR LINE
KEW YORK-LIVERPOOL
Cedrlo Jan. 27
Baltic Jan. 31. Mar. 13
Ortega Feb. 13
Celtio Mar. 6
KEW TORK-SOTJTHAMPTOTT YIA
CHERBOURG, FBASCE
Adriatio Feb. 14. Mar. 20
NEW YORKGIBRALTARvSAPLES
GEXOA Canopie Mar. S
CreUo Mar. 20
WHITE STAR-DOMINION
rOHTLATfP, MB-HALIFAX
LIVERPOOL
From Portland Halifax
r. . Feb. 13 Feb. 14
Canada
For reservations snd ticket apply to local
agents or Company's rsffiee, C. P. Sargent, 619
Second eve., Seattle, Wash.. Phone Main 113.
SanFrancisco
S. S. ROSE CITY
-' DEPARTS 12 NOON
Wednesday, Feb. 4
FROM AIN8WORTH OOOK
Sat INOLUDSS BKRTH AND MKaLS
CITY TIOKtT OFFIOa. SD AND WASH.
PHONK MAIN asao
FRtlOHT OFFIOI. AINSWORTH DO Of
PHONK BROADWAY tS
AN PRANOISOO PORTLAND
. g. UN g
' let as aefp roe. Plat, Tear Trip Abroad.
Yea secure the benefit of experienced tnfof
aaattoav Have ajeea eWeasaahtp Bookless
a7 specxsl attaattea foe the past 10 1MB
? Dortey B. Smith. Monaster
Tilt etovrwal Travel and Infeewiatlea aurMO.
.SWSIMIi MPIV POHTUtND, OR. .
BUTTER AOVANC
Vmar.k.et
vp basket
Br : Hymaa H. Coaea
The glad ' news ia here ; smelt have
again entered the ,owllts and the first
day 15 boxes were sent to one firm in
Fortlarid. This la good news, indeed,
for with the; entrance of the big; run of
smelt, the price of this fine fish will
be gradually lowered.
It waa the rain that brought the bis
school of smelt into the river. That the
smelt "smelt" the rainwater Is asssumed,
for thene fish never enter the river
until there Is a good rain In sight The
bigger' the downpour, the greater the
run of smelt
Sales are being made In the wholesale
market of dip net smelt today at 12c
to 15c a pound. These are far superior
to those caught by gillnetters, as the
fish caught by' the latter gear are gen
erally mutilated to some extent.
Smelt are being sold In the retail mar
kets today at 15c a pound generally and
they .vill probably be still lower within
a few days.
The following prices are average ones that
consumers are expected to par st retail stores.
Quality quoted is the average, fancy stuff being
slightly higher and Inferior stuff fractionally
lower.
Butter Best creamery, parchment wrapped,
68cIb.; cartons. 69 070c; best storage, parch
ment wrapped. 60c per lb.
Eggs Freshly laid. 67 0 68 per doaen; fancy,
fresh, 65c per doaen.
Cheese Fancy. 40e per lb.
Chickens -"-Dressed. 48 0 80c per lb.; geese,
dressed. 85e per lb.; turkeys, BOc per lb.; ducks,
60c per lb.
Salmon 25 40o per lb. ..-
Flonr Best local patent, $3.48 0 8.80 per
Potatoes Burbsnks, fancy. 6 H 6c per lb. ;
sweet. 1012He per lb.
Onions Dried, 7 07 He per U.
POTATOES ALOKG THE COAST
an Francltoo Market
San Francisco. Jan. 26. (U. P.) PoUtoes
River white. 14.78015.28: Salinas. 85.60;
Sweets. 4H ft 6 He per lb.
Onion xellow nd white. $4.50: Australian
brown. $5.00 0 8.80.'
Los Ansel Market
Lot Angelea. Jan. 26. L N. B 1 Pot,
toes New stock. 8tockton Burbanks, fancy and
special brandi wide range, $5.25 0 5.75. mostly
$5 40 0 5.76, few low as $5.00; Idaho russets,
$5.50; few, $5.25; rurals. $5.00; local lug
boxes. $1.7001.80; local white rose, mostly
$5.28.
SMtU Market
Seattle. Jan. 26 (L N. S. ) Onion Ore-
,0nptetoe?- Yaiima Gems, $10.00: local.
$85.00090.00 per ton; sweets, 6 He per lb.
DAIRY PRODITCE OF THE COAST
an Francisco Market
San Francisco, Jan. 26. (U. P.) Butter
Prime firsts. 63 He.
Engs Extras, 62c: extra pullets, 84 He;
undersieed pullets, 51c.
Cheese California Jlata. fancy. 32 H 3;
firsts, 29c.
Ohlraero Dairy Pro-dare
Chicago. Jan. 26. (I. N. S. ) Butter Re
ceipts 5201 tubs. Creamery extra. 58 0 63c.
seconds. 5855c; standard. 60H61c; pack
ing stock, 88 0 40c.
Eg Receipts 4 872 cases. Miscellaneous re
ceipt. 59 0 64c: held firsts 50 061c; firsts.
64 H 0 68c c becks. 38 40c; dirties, 45
8Chee Twins, new. 80 9 30 He; daisies, 82
8Sc; young America, 32 He; longnorns.
83c; brick, 29e.
Li ie poultry Turkeys. 40e; chicken. 33c:
springs, 87c: roosteas. 22c; geese, 27c: Ducks.
84c.
$2 25 0 8.50; grapes. Emperior. 12 He 15c lb.
BERRIES Cranberries. J.4.75 per bushel
box: eastern, $18 00 0 10.00.
APPLES Various varieties, local, $1.25
$2 75.
DRIED FRCIT Dstes. Dromedaries, $9.00;
Fsrds $8.76 per box; raisins, 8 crown, loose
Muscs'tel. 16c per lb.; figs. $8.80 0 6.80 box.
ONIONS Selling price to retailers, Oregon.
$6 00 per cwt; associated selling price,
carload. $5 00 f. o. b. country; garlic, 28 60c
per lb : green onions, 40c per doaen bunches.
POTATOES Selling price. $4.25 0 4.50 per
cwt ; buying price for fancy large size, $3,00 0
8 78; ordinary 3.00 0 3.25 per cental; sweets,
7 7 He per lb.
VEGETABLES Turnips. $8 80 per ssck;
carrots, $176: beet. $8.50; cabbage.
Oregon, 5c per lb.; lettuce, $1.00 01.26 do..;
cucumbers, California, $2.002.2f- dox.; tom.
toes. $4.6005.00 log: egg plant. 20c lb.:
cauliflower. $1,760$. 80; bell peppers, 40c;
sprouts 17s per lb.; Hubbard sauath, 5c lb.;
parsnip. $3.00 08.60 sack, rutabaga. 43 00
cwt.
Mat an Provision
COUNTRY MEATS Selling price: Country
hogs 2021c per lb. for top bloekers; heavy.
lie per in.: oesi tc. . .
veal. IS 17c per lb. . ,
SMOKED MEATS Ham. 237c per lb.:
break fait bacon. 32 50c; picnics, 27 0 28c:
cottage roll. 80c per lb
LARD Kettle rendered, 82e lb.; Undar.
30 "Ac; tierce basis, compound. 28 He.
Fish and Shellfish
" FRF.SH FISH Salmon, all, 22 28c lb.;
halibut, fresh, 25c lb.: sturgeon. 20c lb.; black
end, 10 fib lit; lb.; silver smelt, 10c lb.; salmon
trout 211 26c lb : kippered salmon, $2.5
per io-ltl. basket; kippered cod, $2.85; Coluui
tia smelt. 1 2 H 1 fe lb.
SHELLFISH Craba, $8 56 per doxen;
shrimp meat. 65c per can; lobstef. 80c lb.
QrocorlM
SUGAR Cub. $16.73; powdered. $16.45;
fruit and berry. $15.90; yellow, $15.80: gran
ulated, $15.90; extra C, $15.60; golden 0.
$15.40.
HONEY New; $7.60 0 8.00 per ease.
KICB Japan style. No. 1. 14V.C-. New Or
leans, head, ( ; Blue Rose. lB4c per lb.
SALT Coarse, half ground, 100. 817.00
per ton; 50s. $18.50. table dairy, 60c. $20.50;
bales, $3.15 8.65; fancy table and dairy,
$82.60; lump rock, $25.00 per ton.
BEANS Oregon (sales by jobbers) : Lady
Washington. 7 V 8c per lb.; pink, 8c; llmaa,
16e; bayou. 10 He; Oregon beans, buying price,
nominal. 5 He per lb.
CANNED MILK Carnation, S7.25; Borden.
$7.15; Aster, $7.15; Eagle. $11.25: Libby,
$7.15; Yeloban, $7.05; Mount Vernon. $7.16;
Uazelwood. $7.15 per case.
COFFEE Kqasted. 87 Sic ut sacks or
drums.
SODA CRACKERS In bulk, 17 He per fb.
M'TR Walnnt. 85a)40c Per. lb.: almonds.
88c; filberts, 38o la sack lots; 'peanuts, 15
16c; pecan. 26c: Hraslla, BOo-
Ropei. Paint, OH
ROPE Sisal, dark. 18 He; whit. 20c lb.;
standard manila, 2$ H e.
L.1N8KEU OtLr Haw, DDIS., SZ.UO gL ; Ket
tle boiled, bbl.. $2.08: raw, eases, $2.21:
boiled, cases, $2.28 per gallon.
COAL OIL Water white. In drums or iron,
bbta, 18 He gal.; cases, 2c gal.
GASOLINE Iron bbl.. 23 H 9 25c; case.
25 He; engine dlitlilate. iron bbls.. 16c; case.
2SHc
WHITK LEAD Ton loti, 14 He; 600 lbs.,
14 He per lb.
TURPS NTINK Tanks. $2.07; cases. SZ.ZZ:
10 case lots, lc lees.
WU(E BAILS italic price, SS.1S.
Hops, Wool and Hide
HOPS Nominal. 1919 crop, 80c per lb.
HIDES No. 1 salt cured hide (under 45
lb.). 27e; No. 1 salt cured bidea (over 45
lb.) , 22c; No.' 1 salt cured bail hides, 18c.
Partly cured bides, 2c per lb. leas; green bides,
6c per lb. less: No. 2 hide, le per lb. lesa. Hall
slipped bides, one-tblrd leas than No. 1 hidea.
CALF AND KIP SKINS No. 1 trimmed
skins (up to 15 lb.). 85c; No. 1 trimmed kip
kin (16 to 80 lb.), 36c; No. 2 skins. 2c per
lb. lees. Hair slipped akin, one-third lea than
No. 1 skin.
DRY HIDES AND SKINS Dry flint bides
(7 lbs. and up), 8Be; dry flint bulls, 24o; dry
flint calf skin, (under 7 lb.), 65o; dry salt
hid (7 lbs. and up), 29c; dry salt bullae 18c;
dry salt calf skins (under T lbs.) , 0e; dry cull
bides and (kin, half price. .
HORSE HIDES Green or salted Largo.
wll taken rare of hide, $5.00 7.00; pony
sad small hide. $2.60 3.50; dry hone hide.
$1.508.60; hid with head off, BOc less;
bono tail hair, per lb., 25c; bone mane bail,
per lb., 15c
PELTS Dry roat wool pelts, per lb.. 80
40: dry medium wool Delta, nar lh. 2Kaan-
dry shearing pelts. BOc 49 1.00 each : aalt long
wool pelts,, $2.0004.00 each; salt, medium wool
pelt. $1.60 0 2.60 each; aalt ahearing pelt. 60c
9 1.00 each.
- MA'S.r- .Lon P. 40o lb. j short
staple, 25 0 80c lb.
TALLOW AND GRBASB fs. I tallow. 12c;
Mo. A. 10c; No. 1 grease. 9e; No. a grease,
Tc per lb.
CHITTIM OR CASCARA BARK New peel.
11 He per Ik), i .
WOOLrVelle half blood Merino and Shrop
ahiro. 60e: Counvold and Lincoln. o4e;
matted OotswoM, B0y goc; timber stained,
e per lb. 1; lambs' wool. 4o per lb. lesa
"r. fT" J,1- Eastera Wsahingtoa and
Wool Merino sad Shropshire, ttm
40: half bipod Merino and Cotswokt, S7
42c: Bhrorjehiro, :S7 046c; Cotswatd and Lin
!!bt n xeixed. S215c; burry. 6
per la. tea; laaaba, 4e per lb. la,. v. .. .
siadsa! $V03$Iirt" "Bbln 8a8
OREGON CARROTS
MOVING TO EAST
Carload Shipments Being Made With a
Heavy Demand Good ' Quality Is
Cause of Renewed Chicago Orders.
Oregon carrots are rolling by the car
load to the east and middle west. The
demand is growing fast and it begins to
look as If the outside, markets will want
every carload that can be obtained here.
One carload of Oregon ' carrots wa shipped
to Minneapolis during the latter part of last
week and several car were reported Kent to
other points recently. '
Chicago is wiring for additional carload tap
pile and liberal tale in that direction are ex
pected. Good local turnip and rutabagas are very
scarce. In fact, roost of the local trad in the
latter is being supplied from outside sections
btrause- of the wormy condition of the home
grrwn stock.
Lettuce from the south is In liberal supply,
both Los Angeles and Imperial valley stock be
ing offered.
Flour Buying Gains .
With Higherv Price
Retailers Report a Better Demand Be
cause Public Fears Still
Another Rise.
NORTHWEST GRAIN RECEIPTS
Wbeat. Barley. Flour. Oats. Hay.
Portland, Hon. 62
Year ago.. 13
Season to date. 568 5
Year ago...G635
Tacoma, Sat. 25
Year ago
Season to date.4482
Year ago.. 4430
Seattle, Sat
Year ago . . 8
Season to date 4214
Year ago. .4558
5 38 1 2
19 1 ' 12
161 2.177 386 1130
835 1694 575 2295
68 136 608
20 129 937
' 'is ' "i
212 480 510 924
49 930 484 2078
Surprising increase in the dernand for
flour Is shown in the local territory
since the recent sharp advance in the
price. Retailers report that consumers
are much more anxious to lay In a sup
ply in fear that further advances will
be forced.
Trade in flour with the Orient is slowly in
creasing but buyers on the other side generally
are not willing to pay advanced price on export
grade being asked in tome quarter.
Very limited trade is shown m the wheat
market with most bidders offering le to 2c a
bushel less than a week ago.
Thirty-seventh weekly bulletin covering wheat
and wh.'.tt flour movement throughout the
I'nited States for the week ending January 16,
in compandor with figures tame period year ago:
1920 1919
Bushels
Wheat receipt from
farms
Wheat receipt from
farm previous
week
Wheat receipts from
8.216,000
8.788.000
8.558,000
7.007.000
fsrms, June 27
to Jan. 18 670,453.000 658,110.000
Barrels
Flour produced dur
ing wees:
Flour produced dur
ing previous w'k .
Flour prxluced June
27 to Jan. 16. . .
3.071.000
3,178,000
2.670.000
2.280.000
82,722,000 69.660.000
, . Bushel
Total stock wheat
all elevators and
mill 225.947.000
Total slocks wheat
all elevators and
mills previous
week 234.191.000
Change for week
decrease 8.244.000
249.266.000
251.164.000
1,898.000
Exports wheat and flour Exports of wheat
and flour July 1. 1919. to Jan. 16. 1920.
amount to 83.493.000 bushels of wheat and
9.091.000 barrels of flour, making a total equal
to 124,408.000 bushels of wheat compared with
109993,000 bushels of wheat and 11.271,000 ;
barrels ..f flour last year to Jan. 16. 1919, the
first 16 dsys of January being .prorated from '
the mnthly total, making a total equal to,
160.714,000 bushel of wheat.
FLOUR Selling price, new crop: Pstmt, I
$13.15; whole wheat flour, $10.75; Wlllam -j
ette valley. $10.05: local straight. $10.50-'
bakers' local, $13.15; Montana spring wheat,1
patent, $13.75; rye flour. $10. iO : oatmeaL I
$13.00; graham, $11.30. Prices for city de-1
liveries in five barrel lota.
HAY Buying price, new crop: Willamette
timothy, fancy. $28 00 30 00; Eastern Ore-gon-Vaahintton
fancy timothy, ( ) ; alfalfa,
$31.00$ 32.00; valley vetch. $25.00 26.00 ;
cheat, $20 00 at 22.00; straw, $10.00; clover,
$26.00: grain. $28.00.
GRAIN SACKS Nominal: New crop de
livery. No. 1 Calcutta, 18c in car loU; less
amounts higher.
MILLSTI FF8 Mired run at mills, sacked.
$45.00(8 46 00.
OATS Per ton, buying price, feed. $63,00 0
83.50; milling. $88.00 ton.
BAHLEY Buying price. $71.50: milling,
$72.50 ton; rolled barley, selling price, $77.00
0 78.00 ton.
Merchants' Exchange bids:
FEED OATS
Jan.
No. 3 white 6150
CORN
No. 3 yellow 6800
Eastern oats and corn in bulk:
OATS
86-pound clipped 6000
38-pound clipped 6150
CORN
No. 8 yellow 5930
Feb. . March.
6200 6300
5950 6050
6050
6200
6100
6250
8025 6025
SPOT AND FUTURE CORN
ARE HIGHER AT CHICAGO
By Joseph P. Prltchard
Chicago. Jan. 26. (I. N. 8.) Th highest
prices for corn were resched during the morn
ing and the lowest priren after midsession. It
was popular to secure profits and was also popu
lar to buy corn on the soft spots. The January
corn future held up better than the other by
closing unchanged. The other months were all
lower H H for February and H 0 1 H for
May and July. January oats were up H . but
there were losses of H 0 H in May and H 0 H
in July. Kye declined 3 H 0 3 H tor May and
1H for July.
Chicago. Jan. 20. (I. N. S.) Spot corn
opened today at an advance of 1 V e. and in
sympathy the deferred futures sold up H 0 Sc
from Saturday's close. Commission house buy
ing was in evidence.
The cats market wa quiet and firm, opening
prices being up He.
Provisions were stcsdy to 6c higher but with
limited offerings.
Chicago rang by United Press:
CORN
Oi
January
May . . .
July . . .
May . .
July ...
January
January
May ...
January
May . . .
Money aad Exchange
New York. Jan. 26. (I N. S. Call
money on the floor of the New York Stock
Exchange today ruled at 8 per cent, high 10
per cent, low 7 per cent. Tim money waa
firm. Rate were 8 per cent.
The market . for prime mercantile paper wa
steady.
Call money tn London today wa 3 H per cent
Sterling exchange waa weak with business ia
ankers' bill at $3.69 H for demand.
Kew York Batter aad Eggs
New York. Jsn. 26. (I. W. 8.) Butter
Easier. Creamery eatias, 62 H 065 He; do
firsts. 610 64c; higher scoring. 63 0 66 He;
state dairy tabs. 49 0 62e; reswvstod. extra
58c: Imitation a reasnery. AO 0 tie.
Cheese Irregular, 2 0$3o; lower grade. SO
20 He.
Eggs Unsettled. Nearby white, fancy. 84 0
85c; do brown, fancy. 77078s; extra, 7
76c; tints. 70 0 72.
Saa Fraaeitro Barlay Calls v '
' Baa ' Francisco, Jan. ' 26, Barter caJII:
$2.65 bid. $2.89 asked. - , , - .
Open. High. Low. Close.
146H 146 144 '4 143
136H 18H 134 H 185H
13$ H 183 H 132 H 182 H
OATS
83 H 88 H 83 4 88 H
'6 76 73 H 75 H
PORK
Nominal 8930
LARD
, S845 2345 2340 2340
2440 2466 2425 2426
RIBS
Nominal 1S80
2980 2082 1065 3067
STOCKS
EASES
OPENING DECLINE
New York Market Shows Securities la
Plenty Are Offered General Price
Loss Shown at Start.
New Vara, Jan. 26. (I. N. .) Th stock
mac at closed sti-oaa today. There were some
reset am In the last few minute Sue to prefU
takta. Baldwin Loo, wa In sernana. advancing;
U but suffered a attbaek te 11V at
the finish. Crucible, after Mlllng up t 23S , ,
reacted ts Z2S 4 . Sleet commofl yielded frwm
ICS to 1 0 'i . The motor (toot war
active and strong in tno last hour with reaction
at th clot. P lore-Arrew rote rapidly ta 71 'a
an fll 2 points at the elm, and Genera! Me
lon after . reaching S08 dropped book to SO,
Stealean Petroleum reset ed 2 points from the
high to 200, while Royal Dutch was In demand,
advancing to 110. marl cart Woolen adrantf
to 163 and Colorado Fuel over 1 point to 42.
Marino oommon wa finally 41 H, Southern
Pac 100. U. 8. Rubber 12S Y, and Stude
bakar 104.
alt, 760,000 thares: bonds, $12,20,000.
New York, Jan- 26. a. N. 8.) Al
though some stocks made upturns at the
opening of the stock market today the
tone became heavy after the start, and
losses of from fractions to three points
were suffered In practically the entire
list.
Crucible 8teel was prominent and rose ft to
225 with Quick reaction to 222. Steel com
mon loet 1 to 105 H and Lackawanna 1 4
to 83 4 . Baldwin Locomotive, after selling up
to 114 14. dropped over 1 point, while Re
public Steel sold off IK from ltt high to
111S International Paper was prominent, and
after yielding to 81 H. advanced to 83 H.
The coppers and rail were quiet and frac
tionally lower.
There was vigorcu. buying of many issues
after these declines, resulting in substantial ad
vance. Crucible Steel rose to above 225, Steel
common to 105 , General Motors to 297 'A
and Baldwin Locomotive to 115.
The motor share were again in supply. Gen
eral Motors yielding 2 H to 293 H . Studebaker
1 point to 100 H and Pierce -Arrow 1 point to
66.
Mexican Petroleum dropped 1H t 196 H
and fractional losses were sustained in Pan
American Petroleum and Royal Dutch. -
The market was strong during the forenoon,
advances of from 1 to 8 points being made in
the active issues. Baldwin rose $ point from
the low to 116 and Republic Steel nearly 2
point from the low to 1 1 8 H . Steel common
rose to 1057.
Intl. Taper wa active, advancing over 8 point
to 85. United Retail Stores advanced over 2
points to 88 H. Improvement of about 2 points
were made in most of the ail issues.
The market showed a strong tone during the
afternoon with the steel iasaes in good demand.
Crucible lumped 11 points from the low to
233. followed by a reaction to 229 H. Steel I
common advanced 1H from the low to 106 H,!
then dropped to 106. Baldwin rose nearly 5 1
points from the low to 117 H. and U. 8. Rub
ber nearly 3 points to 127.
Canadian Pacific was in supply, filling 2 H
to 127 14. Mexican Petroleum rose 5H from
the low to 202 and Pan-American Petroleum
advanced from 924 to 96. General Motors
waa 8 H point above the low at 302 and
Pierce-Arrow over 2 points to 69.
The market was strong during the afternoon
with the steel issues being most prominent.
of Trade building:
Furnished by Overbeck A
Cooke Co
Board
Open.
lid.
Am. Intl. Corporation
Alaska Cold
Allis Chalmers
do. pfd.
American Agr. Chen)
American Beet Sugar
American Can, e
American Car Foundry
American Cotton Oil
American Hide A L. c
American Linseed, c ...... .
American Locomotive, e
American Smelter, c
American Steel Fdy
American Sugar, c
American Sumatra Tobacco.
American Tel. A Tel. .'
American Tobacco
American Woolen, c
Americas Zinc
Anaconda Mining Co
Atchison, c
Atlantic. Gulf 4 W. I
Baldwin Locomotive, c
Balto. A Ohio, c
Beth. SteeL B
Brooklyn Rapid Transit .....
Butte and Superior
Calif. Packer' Aaan
Calif. Petroleum, c
Canadian Pacific
Central Leather, c
Ches. A Ohio
Cbgo. t. Western, c
Chgo., Milw. A St. Paul.
Chgo. A Northwestern
Chile Copper .
Chino Copper
Columbia Gas A Elec
. 108
'is
92 H
.". '534
. . 138
28 H
. 84 H
. 9S H
67 H
45
109 S
1 4
49
8BH
92
91
54
138
494
26 H
84 4
99 H
88 4
45H
136 H
904
97 H
250
163H
19H
61 4
83 H
162
llrtH
31H
9i H
13 H
27 H
83 H
41 H
127
93
54 4
8
36
85
18 4
37
S3 H
41 H
82
85
228 H
7
12 H
70 H
188
300
8
77H
83 H
78H
88
108
56 H
18H
180
41H
24 H
15 H
30H
33H
85
48H
31 H
199
23 7
60
25
81 H
83 H
16
26 H
107 H
68 'i
85H
78 H
36
96
42
80 H
62 H
98
21-H
99
75
1144
26 H
12
81
100
21
103
18
127
11
36
1
122
69
193
126 -
70
106
75
66
8
88
53
28 H
90"
97 H
148H
'ei"
83
161H
114 H
31 H
95 H
'28,
8-'
42
128
91 H
38 V
85 4
18 v
' 62 H
40
82'.
84
225 H
7
Colo. Fuel Iron
Consolidated Gas ...
Corn Products, c
Crucible Steel, c
D. A R. G.. c
Erie, c
General rigars
General Electric
General Motors
Greet Northern Ore
Great Northern Ry
167 'i
294
38
78
35H
78
88 H
106 '4
56 H
oreene cananra
Gulf State Steel
Illinom Central
Industrial Alcohol
inspiration Copper
International Agr. Chemical. . .
International H.irve-ter
Int. Mercantile Marine, c . . . .
Int. Nickel
Kan- City Southern, c
Kenneeott Copper
Keyntone Tire
Lackawanna Steel
Lehigh Valley
Maxwell Motors, o
Mexican Petroleum
Miami (Vrpper
Midrale Steel
Mliaouri Tscific. e
National Enamel
National Lead
Nevada Consolidated
New Haven
New York Air Brake
New York Central
Norfolk A Western
Northern Pacific . ,
Pacific Mail
Pan American Pete., c
Pennsylvania Railway
People'. Gas
Pittsburg Coal, c
Pressed Steel Car. e
Ray Con. Copper
Railway Stee' Spring!
Reading, c
Rep. Iron A Steel, c
Rock Island, e
Khattuck Copper
Sloan Sheffield
Southern Pacific
Southern Ry.. e
Studebaker, c
St Louis A San Francisco . .
Swift A Co
Tennessee Copper
Texas Pacific
Tobacco Product
Union Pacific, c
United Food Product
United Fruit
U. 8. Rubber, r
U. S. Smelting A Ref;
V. 8. Steel, e
Utah Copper
Virginia ChmioL e
Wbaah
Western Union
Wextinshoase Electric
Willy Overland
40 U
25
80 vi
34
83 H
31 ' '
197
'494.
25
82
84
107 H
78 H,
93H
42 H
88 H
97
21 H
9!)
75H
112H
81
100
ioi '
18 H
36 H
91 H
122
65 H
194H
124H
70
105 H
76
65 H
'8614
63
28
COTTON MARKET IGNORES
STEADY EARLY CABLES
New York. Jan. 26. (L 1. 8.) The eotton
market opened easy teday ta the fare of steady
cable and buying by spot house. First quota
tion were 5 to 37 point lower, but the bat
letev- rallied on covering and at the cad of the
first 20 minutes waa up about 10 point from
the bottom.
Th close waa steady st a net decline of 6
to 3$ point.
Furnished by Ovarfeeek Cooke Co., Board
of Trade building:
Open. High. Low.
Feb ". . . .
MaWrh SSOS S625 S590
April
Viy 8407' $449 8898
Jane
Jnly 1210 $544 8209
Ana -. - 808 S 309S - 108
Sept ...... 8040 4 3w40 9040
Oct. 2996 - 2998 2974
N CW. ,- ) -.! (, ..,:-...' ' a
Dee. . ... ... . 294S 2949 2986
Close.
SS88
8S1S
$475
$424
8280
S22S
StlS
$040
2989
8935
298$
doWBL
New Xaeti spot market 391S. 10 point
LIVESTOCK "TONE
GOOD AT OPENING
Eighty Carloads Come for Monday's
Trade" at North Portland Cattle
Show Strength at the Start.
POBTLAND LIVESTOCK RUN
Hog.
Cattle. Calves. Sheep.
lttlS 204 497
666 . . . 478
1843 279 2808
856 1T6 1088
975 16 971
73 10 21
407 2 $124
1007 6 976
Monday
Wee ago...
2 weeks ago.
4 weeks ago.
2 year ago. .
2years ago. . .
8 years ago. .
4 year ago. .
1107
1023
1806
1110
1160
1160
2207
8179
Eighty carloads of livestock entered
the North PortlanJ yards for the week
openlntr. Hog ruled steady, at th start,
cattle firm and sheeD were steady.
Fractional increase id offering of hog wat
snown at North Portland for th Monday trade,
a compared with a week ago, receipts being
1107 head compared with 1022. while a year
ago o neaa appeared.
At the start the hot trade ruled a steady
tone with tops at $16. Eastern markets ruled
rug tier st the opening,
Prim mixed $15.50 016.00
Medium mixed 15.00 015.50
Rough heavies 12.00015.00
Pig 12.50 014.50
Cattle Situation Firmer
While a compared with last Monday there
wa a liberal increase in offerinaa of cattle at
North Portland for the Monda trade, receipt
were scarcely in tne liberal class. Total ar
rivals in tills division included IS 13 head, com
pared with 656 last week and 887 bead a year
ago.
At the opening the demand for cattle shwed
allien tne.r ariious bidders.
General cattle market range:
Best steers
Good to choice cows and heifer
Medium to good steers
til. 00 12.00
7.73 9.06
9.00 0 9.7S
8.00 0 9.00
r air to good steers
Common to fsir steers
Choice cows and heifer
Good to choice cows and heifers
Medium to good cows and heifers
Fair to medium cows and heifers
Cantor
Balls
Best light calves '
Medium light calve
Heavy calves
Stockeri and feeder..
$'oo01O Ooi
8 00 0 9 00 I
7.00 0 8.00
7.00 0 8.00
6.00 7.00
8.500 6 00
6.00 0 8.00
15.50017.00
12 500 15.50
7.00 012.30
9.00 0 9.50
Mutton Offertflss Limited
Only limited offerings were shown in the
sheep and lamb alley at North Portland for
the Monday trade. Total run waa but 497 head
compared with 971 a year ago. In general
values were steady at former figurea.
General sheep and lamb range:
East of mountain lambs $15.00016 00
Best light valley lamb 15 00016.00
Best heavy valley lamb 13.50 0 14 50
Feeder lamb 12.000 16 00
Yearlings 13.00 013 50
Wethtrs 12.00 0 18.00
Ewe 9.00 010.60
Monday Morning Sal
STEERS
No. Av. lbs. Price. No. Av. lbs. Price.
8 942 $10.75 I 19 985 $10.10
2 510 9.63 I 1....1040 11.00
COWS
1.... 980 $ 9.00 I 8... 978 $ 8 00
4 1011 9.00 26 1048 9.65
14 98 9.06 ( 40 1005 9.00
CALVES
8 206 $16.00 2 270 $15.00
18.... 156 16.00 11 255 12.00
8.... 477 8.50 88.... 385 14.50
51 249 14 50' 2 195 14.50
HOGS
1 150 $16.50 I
New York Cottonseed Oil
New York, Jan. 26. (I. N. 8.) Cotton-
seed oil, easy.
19.60 salts.
Spot, 2150 022.00; crude.
New York Potato Market
Nw York. Jan. 26. (I. N. 8.) Potatoes
Firm, $4 00 0 8.75.
New York Coffee Market
New York. Jan. 28. (U. P.) Coffee No.
7 Rio, 16H016e; No. 4 Santo. 26 H 0
26 c lb.
Chicago Potato Market
Chicago, Jan. 26. (I. N. S.) PoUtoes
Receipts 68 cars. Minnesota and Dakota Ohios.
$4.7604.80.
Chlraro Cash Wheal
Chicaso. Jan. 26. U. P.) Wheat No.
red, $2.58; No. 3 spring. $2.85.
New York-London Silver
New York. Jan. 26. (L N. S.) Commer
cial bar silver is 1 c higher at 134.
Londn. Jan. 26. (I. N. S.) Bar silver ts
d. higher at 81 d.
1619.
.$27,348,000
. 15.618.000
. 14.729.000
. 9.781.000
. 7.217.000
. 7.136.000
I os Angeles, Cal . .
Seattle. Wash
Ssn Franciaco, Cal.
Portland, Or
long Beach, Cal . . .
Oakland. Cal
AMERICAN LIVESTOCK PRICES
Omaha Hot 91B.4B
Omaha. Jsn. 26. (L N. 8.) Hogs Re
ceipts. t2,000; 20 0 30c higher.
Bulk, $16.20
0 15.35; top. $15.45.
Cattle ReeetptBi 9000; killing classes, strong
to 25c higher: feeders, strong.
Sheep Receipts, -5000; 26c higher. -
Chicago Hogs 816.00
Chicago Jan. 28. (I. N 8 ) Hog Re
ceipts. 47.000; ow, about 23c higher. .Bulk.
$15.60013.90: top. $16.00; heavyweight.
si 5.40 016.86; medium weight, $15,600
15. 90? Iichr w.iVtt. aiKS5i1a.no- lieht
light. $13.00015.76: heavy packing sow,
smooth. $14.65 0 15.25; packing sows, rough,
$14.25014.65: pigs, $18.75014.75.
Cattle Receipts, 19,000: mostly strong to
25c. high. t; calves, steady. Beef steers, common,
$9.50 011.75; choice and prime. $16,65 0
18.50; medium and good, $11.73 016.88; food
and clu-lce. $13.35 017.25: common and me
dium, $9.00 013.35. Butcher cattle Heifers.
$6.76014.00: cows. $6.75012.75: bulls.
$7.30 012.00. t anners and cutters Cows and
heifers, $5.5006.75; canner steers, $6,00 0
7.75; veal calves, light and handywetgnt, 17.00
(fa 19.25: feeder steers, $7.50 011.00: storker
cows snd heifers, $6.76 0 8.50; stocker calves,
$8 00 010.75.
Sheep Recetpts. 8000; around 50c higher.
Lambs. 84 lb, down. $19.000 20.85; lamb,
culls and- common. $16.8001850: yearling
wethers, $15.25 019.60; ewe. $10.50013.00;
ewes, culls and common. $6.60 010.00; feeder
iamb. $17.25018.75.
Seattle Noes S1S.76
Seattle, Jan. 26. (I. N. 8.) Hogs Re
ceipts, 198: easier. Prime lights, $1-6.26 0
15.76: medTfUS to choice. $14.00 015.00:
rough heavies. $13.25 013.73:; pig. $12,300
18.30
Cattle Receipts. 120; steady. Best steers,
$11.50 0 12.00; medium to choice. $9.50
11.00: common. to good. $7.6009.50: beet
cows and heifers $9.00 010.00; common to
good cow. $6.50 0 8.5ft; bulls. $6.00 0 8.25;
calves, $7 00 015.00.
Shp None.
Kew York Metal Market
New York. Jan 26. (I. N. S.) Copper
Quiet; spot and Jan.. offered 19 S ; Feb.. March
and April, offered 19 H.
Iead Steady. Spot, Jan. and Feb., 8.66
0 8.80.
Spelter-VJulet- Spot. Jan. and Feb., 910
09.25; March. 9.07 H 9.22; April and May.
9.059.15.
Exehaage Bales. Lower -New
York, Jan. 26. II . 8.) Th Eng
lish pound today told at $8.89 H, a new low
record. The pre-war value of a pound wa
$4.87 H. German marks also sold at a new
low r ecord of $.0102 today, compared with a
pre-war vain of 23c.
.Mlnaeapolts-DaTBth Flax
Duluth. Jaa 26. (L N. 8.) Flax Jan..
$5.15; Feb.. 6.6: May. new, $4 65; old,
$4 61: July. 14.40 bid.
Minaaepohs. Jan. 26. (L tS. 8 ) Flaxseed
No. 1. $6,25 0 $.80: April. 98.09 08.16.
' Liverpool Cottoa Easier
Liverpool. Jaa. 26. (L N. 8.) Spot cotton
opened ta fair deaoaoa: Fries easi.
6000 bales Future egend qaiet.
. 5aral Stores Market
New York, Jan, 26. (L Jf. 81 Turpen
tine gavmanah. SUSS V4 ; New York. $1.9S.
Koeia Savannah, $18.00; Kew York. $19.10.
saa FraaeUee Petltry Market
Ran Fraavltco, Jaa 2$. (C. P.) Bretlera,
88 0 40c; large hens. 83 0 SSe; best, dock.
80082a. A , ,
PERRIN REVIEWS
GEI
Heavy
for
the
Snows Improve Prospect
Large Yields of Grain in
Pacific Northwest States.
John Perrin, chalrrnaan of the
board of the federal reserve bank
of San Francisco In reviewing the
general business and agricultural
conditions in the Twelfth Federal
Reserve district presents, In part, the
following report:
Heavy now and (ever cold weather ka th
Pacific Northwest and the interior section of,
this district have brouglii livestock off the range
and forced earlier winter feeding than usual,
requiring heavy purchases of feed, at exception
ally high prices. It ia anticipated, however, that
the snowfall will result in satisfactory rang con
dition to the late spring and early summer.
Winter wheat waa practically undamaged by
the cold afid th heavy snow will greatly in-
f crease the Sioistnre content of th soil, thereby
improving the prospects for large per acre ytelds
during 1920. Fruit tree in Oregon, particu
larly peach and pear trees, have Buffered from
freezing. The exact amount of da ma re. how
ever, will not be ascertainable for some time. In
California, barley is sprouting very slowly and
lack of rain is causing tome anxiety concerning
prospect for 1920 crops.
NBOORD PRIOB FOR APPLES
Tbe major portion of the Washington com
mercial apple crop of 19,320,000 boxes, which
compares with a 1918 crop of 12.888.000 boxes,
is oat of the hand of the grower, having been
inarketecUat record price. The dealer are now
uffenrurwa loss reported to approximately I7au
Pr car through the recent, drop in price.-), and
toe heavy losses due to freezing of fruit in
common aiormare uu lu mmi.
The 1919 fruit and vegetable pack In Cali
fornia exceeded that of 1918 by 3.518.365 cases
as shown.
Tbe largest consignment of California rice
ever exported from this state, amounting to 13.
000 tons, approximately 10 per cent of Ui
1919 crop, is now being shipped to Belawan,
Sumatra, via Singapore. The average price waa
reported a approximately 12 cent per pound
a compared with earlier aeason price of from
7 to 8 cents. It is estimated that after
this shipment 90 per cent of the 1919 Cali
fornia rice crop will nave been marketed.
SALMON PACK SHORT
The 1919 salmon pack of the Pacific coast
will be approximately 1,600,000 caes short of
that of 1918. Estimates, by districts, in 1919
as compared with 1918 are as follows
1919 (Esti
1918
mated cases)
631.000
200.000
. 1,895.000
. 4.600.000
. 1.300.000
rase
590.021
1H3.01I5
1.614.734
6. 676. 91 X
624,041
Columbia river . .
Outside rivers . .
British Columbia
Alaska
Pugrt Sound
Total
8.028.000 9.6M8.SO0
Oar shortage is uriously interfering with lum
ber production and shipment in the Pacific North
west, the, lumber industry in Washington and
Ofegon betng 15,000 cars behind in shipment.;
As a result, mill yards are stacked to capacity,
many mills are running only part time and many:
are refusing to book additional orders. Con-
tinued demand, coupled with inability to make
deliveries, has resulted in continued advance in
lumber price during the year, bid for logs
having advanced from $17. $23 and $27 to
$19. $26 and $30 per thousand feet in Gray's
Harbor district. In Portland, common lumber -has
advanced from $16,80 per 10OO feet in
January. 1919. to from $25.50 to $34.50 in1
December. During the same period the price of
No. 1 flooring advanced from $42 to from
$88 to. $77 per 1000 feet The greater parti
of the k present demand is for stock rued in !
home building. During the four weeks ending
December 31. 1919, an average of 122 mi Hi.
m the Pacific .North -nest reported a cut to 1
220.921.012 feet, 64 9 per rent below normal.1
orders of 194.188.284 feet. 13.8 per cent be-,
low production, and shipments of lTHvOe 1.662
feet, 28.3 per cent below production. During !
the four weeks ending January 8, 1920, an I
average of 1 3 California redwood mills reported s
cut of 18,841,000 feet, as compared with 27,
039.000 feet during the four weeks ending 1st
cemoer 3, iviv, siupmenu or zs,Q4Q,oou feet
and orders received of 28.879,000 feet.
BUILDINQ PERMITS DROP
Building permits lc 19 principal cities of this
district aggregated $10,814,000 In December.
1919. as compared with $12,886,000 In No-i
vember and $3,430,000 in December, 1918. !
As compared with November, December permit !
Inrreared In San Diego. Cel., by $417,000; In i
Long Beach Cel.. by $288,000, and in Freno,
Cel.. by $164,000. other c'ties showing decreases;
or slight increases. During 1919 building per-I
mits in these 19 cities amonnted to $111,045.- '
00(1. ss compared wiib $57,249,000 in IBIS, i
Comparative statement for those cities reporting
permits in excess of $5,000,000 during 1919 is
given below: ,
1918.
$ 8.866.000
10.809.000
8. 085. OO0
6.1 78.000
2.807,000
6,881.000
Increase. -$18
4 80.000
4.714.000
5.744.OO0
8.608,000
4.820.0O0
1,754.000
Tlietue of minerals produced in th Twelfth
federsT reserve dtt-trict denres-ed from $460.
287.8SsVln 1917. to $407,778,889, in 1918.
and to $228,047,966. ia 1019. High operating
COHtS. lalxtr scarcity uwimMnil k . n w- . ...1
j Pr markets tor some metals, have bees the
principal coninouiing factors in this decrease, in
th case of silver, however, a large proportion of
which comes from copper ores, the small demand
for copper s responsible for the decreased pro
duction in the face of- Increased silver prices.
No strikes or labor disturbance of any im
portance are now tn progress in this district and
seasonal unemployment is much less than at the
same period a year ago. Seattle, Wash., reports
from 8000 to 6000 unemployed, as compared
witn uuu tn January. 1919; Spokane. Hash.
j from 500 to 800, approximately the same num-1
oer as a year ago; roruana, irr., 3000. as com
pared with from 7000 to 10.000 at this time '
last year; Salt Lake City, Utah, "no material i
unemployment," a compared with more than
8000 unemployed in January, 1919. Accurate!
estimate for San Francisco are unobtainable be
cause of the large number of former shipyard
employes who have not availed themselves of op-1
portunities to return to work and many of whom
are seeamg employment in oUier lines.
j RaTTAIL TRA DC INCRCA8ES
Retail trade continue active, averaging 46
per cent greater by value in December, 1919.
than in December. 1918. and 70 per cent greater
then in November. 1919.
Bank clearings in 24 principal citie of tbe
district amounted to $1,781,084,000 in Decem
ber. 1919. as compared with $1,268,195,000 in
December, 1918, an increase of 40,6 per cent,
and $1,626,120,000 in November, 1919. an in
crease of 9.3 per cent. The largest increase
over November were mad in San Francisco.'
14.1 per cent, : and in Los Angeles, 10.9 per
cent. Comparative statement of clearings for
1919 and 1918 in those cities tn this district
wbose clearings exceeded $500,000,000 is as
follows :
1919
Ban Fnncisco $7,285
1 9 1 a In.
$5,629 $1,656
io Angeles
. . 2.339
.. 2.019
. . 1,653
27
654
1.641
T92
Seattle
Portland
Salt Lake City
Spokane
1.860
1.323
697
422
159
830
130
132
OOO.OOe emitted.
Internet and discount rates hsve shown a ten
deary to stiffen during the past month, now
see raging 6 per cent in fendnstria centers and
.8 per cent in agricultural sections.
Llbeity Bond Sale
Open. H'gh. Ixiw. Close.
Liberty. 3H 9890 9900 9884 9888
Liberty, 1st 4.. 9166 9168 9166 9160
Liberty, 2d 4s. . . 9068 SOSS BOSS S074
Liberty. 1st 4H. 9210 9280 9210 9220
Liberty, 2d 4 14. 9096 9112 9190 9106
Liberty. 9d 4 He. 9330 9870 9(70 9384
Libert. 4th 4H. 9120 9150 9120 9144
Victory. 44 S8S4 9840 S8S2 S83S
Victory. $ 9838 9888 9884 9986
Stocks, Boa da, Cottoa, Grata. Eta.
$16-917 Board ef Trade BsltdJsg.
Overbeck&CookeCoe
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Hssabers Chicago Board ef Trade
. CerrsFOBdeats ef Legea Bryaa -Chieavga
' Hew ferh
PALACE HOTEli
AlMnv eutsi, ra, aemeln mn4 eiiiewa.
JERAL BUSINESS
EN COAST DISTRICT
Stock Mmhsot
Furnished by HerxJa-Rbode. lac
Thomas W. Lamont of J. P. Morgan,
writing in London Times, saya United
8tatea conversant with l urope'a needs,
but would be difficult to render help
now. Says last British loan of ,150.
000,000 offered here Last November came
rear being a failure, according to Sun
copyright.
Morris aV. Co. estrned 13.45 a share on
stock in year ended November L 1919,
compared with 140.69 in preceding year.
Steel mllla operating at between
and 90 per cent of capacity again.
85
Surplus reserve in clearing house
banks declined f 20.g4,OC0 to $11,361.750 :
reserve ratio of Federal jleaerve bank
declined from 41.46 to $9 5 per cent.
I Value of farm products In United States
! In 1919 near lii.WO.OOO.OOO. or nboul
three times larger than 10 yeara ago. '
Globe, saya: Wall street operations
wllfr not be any more curtailed by the
latest Federal reserve Intereat rate than
they vA-ere already. The stock market
has long since resigned itself to this re
striction and Is therefore not seriously
concerned over the further marking up
of bank rates.
ARTICLES OF INCORPORATION
Salem. .Jan 26. The Oregon- State Finance
company of Portland, capitalised at $200,000.
filed articles of incorporation with the Oregon
corporation deiiartment here Saturday. The in
corporator are: Ir. Joseph F. Wood. Dr. S.
W Murker and H. C, Taylor.
Other corporation filing article Saturday
were :
Keroanc Kreain company. Portland; SIO.
000; Ren L. Hnlclaw, Charles W. Yielding and
H. 8. McCutchan
Automotive Electric company. Portland; $25 -000;
R. C. Duke. W. R. Vamer and P. H.
Green.
National Securities company. Portland : $25.
000; Or 8 W Stryker. R. Buahnell Potts and
Arthur K. Mickey.
PACIFIC COAST BASK STATEME5T
Portland Banks
Th Wee. Year Ago.
Mon. . $5,738,134 02 $6,620,372.68
Spokane Bank
Monday $2,774,143 00
Monday 1.220.251.00
Clearings,
Clearinci.
Balance.
Tacoma Banks
Clearinja, Monday $897,209.00
Balances, Mcnday 181.990.00
Seattle Banks
Monday $6,700,818.00
Monday 2,229.199.00
San Francisco Banks
Monday S28.078.01 1.01
Lo Angie Banks
Monday. . r, $11,218,601.00
Clearings,
Balance,
Clearing.
Clearing,
Exempt from all Dominion Government Taxation
$35,850.00
City of Victoria, B. C.
GOLD BONDS
These bonds are direct tix obligations of the city and
have pledged to the payment of interest and principal all ,
of its taxable property, resources and wealth. Victoria Is
one of the richest cities in the Dominion and is known
as a conservative and well-to-do community.
All. of these bonds are payable in GOLD COIN of the
United States in dollars, without deduction for any
Dominion government taxation.
We recommend these bonds as very safe and attractive
investment securities.
A meant
lt.909 Victoria, City of, Prorlaea of
19.966 Victoria. City of. Provlsre of
t.se Victoria, City of. Province of
$.. Victoria, City of, Province of
$i$ Victoria, City of, ProTtae of
PRICE: TQ
LIBERTY and VICTORY BONDS
If yow must sell your Liberty or Vtotory bono, owl to ui. If you oan buy more Liberty or
Victory bond, buy from u. W buy and ws nit Liberty or Victory bone) at the raarksL,
YOU OAN NOT DO BITTIR YOU MAY DO WORSI
Todsj's opening Naw York market, which establishes the governing prices for United States
Liberty and Victory bonds all over the world, is as follows. We advertise these pries
daily In order that you may always have the highest market price befor you and know
the exact value of your Liberty and Victory bond:
1st 1st 2nd let 2nd $rd 4th Victory Victory
3Hs- 4s 4 4 i Vs 4i 4 '4 s 84 4
Market price 98.80 SI. 68 90 64 92 10 SO 86 98.80 91 20 96.86 98.84
Accrued interest 40 .46 .79 .48 .64 1.56 1.19 .4$ .$4
Total 99.30 92 14 91.48 92.58 91 80 84 85 92.89 98.81 91 88
'When buying w deduct 87c on $50 bond and $2.60 on a $1000 bond.
We sell at tbe New York market, plus th scented interest.
.Barglar aad Fireproof
MORRIS BROTHERS, Inc.
The Premier Haaleipal Hoad House Capital Osa Million Dollars
Morris Building, 109-11 Stark fit-, betwrea $th aad itfe
Telepboae Broadway tlSl Established Over a Qaarter Ceatary
E MAKE F
the better- on adequate security at reasonable rates
and with due retrard to the interests of the borrower.
We invite negotiations from those interested.
"The House Built Sqosre"-
QRSTENS & pARLES, INCORPORATED
Third Floor U. S. Nat. Bank Bldg.
E. H. ROLLINS & SONS
til C. 8. BA Wat BUILDIHG FBOVE. BBOAD W AT 1974
FORTLAftD, OREGON
$50,000 Northwestern Electric Co.
First MortgBfe 6 Sinkinf Fund Gold Bonds
BCE May 1, 1988 OptleaaJ at 198 aad latere!- ,s
Price 95 and Intereat Yielding over Syt
Ara secured by a direct first mortgage en all physical property ef the
company.
Earnings for 1919 show a eubetantlal Increase over 1918.
Regular dividends Hare been paid on the Preferred Stock. '
FUBTHEB tHFOBSf ATI05 OX BEQUEST
HALL & COMPANY
Buy atttj Sell U. S. Coweratoeat. Foreign CoYernttvenl '
II il. aaa a ee n.... s 8 -w - wawaaij
KaiirtM. rtiMie Utility, ladastrial. MuaOeJpal
DaTVTrC
V VwV
Quotations
Lerwis Bltlff.. PortlandV Or.
LIQUIDATION OF
COMMODITIES IS
FINALLY
DECREED
I
Good Results and Unfortunate!
Ones for Speculators and In
vestors Due From New Order
Uy Brominn Wall
lew York, Jnn. 26. The final
authorities of the United States gov-l
ernment have decreed that therei
shull be nation-wide liquidation off
commodltiesi and soo unties. There
is no use now arguing about the wis
dom of the decree. The only thing
the public can do is to make the
best it can out of the situation
Many things can be said in favor oti
such action. There will be good
results, but also many unfortunate'
ones. Speculators In commodities
have been treated too tenderly and
investors in stocks and bonds too
harshly. The score Is now to be
evened up somewhat, although there
ts no doubt that the investors will
suffer at flnrt along with the specu
latora in commodities.
The people as a whole may gain some
thing when It is over) but that la a moot
question. Always after great wars there
Is tremendous speculation In commodi
ties, and whHt has happened this time Is
simply a repetition of the universal ex
norienoe of mankind. Never before has
a government had such complete con
trol of the situation as ours has. and
never nefore has a government at
tempted to do by statutes law snd sov
ernmentnl act what haa always beett
left to the operation of the natural law
of supply and demand. The experiment
is Interesting and may be auoceaafuL
In the meantime people with intereat
In the stock market should look well to
the ticker. In olden times, that Is. be
fore the rireHent reprrve bank rams Intaa I
existence, the liquidation of securities
made n Increase In currency, because
currency once Issued could not be retired
quickly. Now, however, the liquidation
of commodities means a contraction of
the currency.
B. C...
B. C
R. C
B. C
B. C...
Rata Matsrity Price
Ikl
4 JAJ
4V, J4J
$ A AO
I MAS
I9t$ 9t.lt
19t$ 99.61
!$ $J4
112$ 98.il
1991 $$$$
YIELD 7
Safe Deposit Boxes for Beaf
lortfafjc real est
loai
the h
Phone . Bdwy. 4108
J"? .s.
Upoa Roquesr
Telepheae Marshall 68f