The Oregon daily journal. (Portland, Or.) 1902-1972, February 21, 1920, Image 12

The Oregon daily journal., February 21, 1920, Page 12, Image 12

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Newspaper Page Textnntmr i T y-x-i-i -a -r- i -a-vr-. a s-sra-v --.-- -r- rxVTr ttvt . fTITTTV "17 A T T T7"W" Edited by BEARS COVER ON INDUSTRIALS ttHiVlV Ar. Uh- I iAn ,( )A I J Kl I I A I I ) K Y Mi UN 1 lIEj V rVLiJUIj 1 "- Uesala GG MARKET HAS A LIBERAL STOCK EASTER BtTMrTTBS COMES Later la the dar It developed that Eastern baalnea was again available la U tn trad here. TSie Kte-Dlxon Co. shipped two carloads to Hew York aad one to Bostoa late la the day and in order to scare these (applies ele Tated the buying- price of enrrent re ceipts about II a " o itt a doiea. Market for egse la Juat about holding It owti here. Owing to the law of out line shipments, due to a conetderable extent to Insufficient transportation fa cilities, auppllen here are becoming Hlterht ly greater than the wanta of the trade Justify. No change trs msde In b'ly'n prlee for the day. . Despite te recent advance in the nrtre at eastern center ne orders were eon firmed hem for onUlrfe htpment and thl la having aoma tvr Influence upon the mar ket although stlU Insufficient to force any change in salues. local demand for haa Increased ma terially sine rerrnt drcllnr In values and while thla Is taking rerr of more canes than formerly, atill the bis production reson t at hand and only an outside demand will enable value to hold where they are Otherwiae there will be a gradual decline until the low price of the season la reached. Thoa dualling special information retarding any market nhould write the Marktt Editor, Oregon Journal, inclosing stamp for reply. BUTTER MARKET HOLDS 8TRONO Market for butter continue to show a strong tone at tha recent price adrance. Latent ad r.nooS In CallfornU indicate that U need for add'tionai supplies there is great. -MEAT MARKETS SHOW STRENGTH Country killed meat are Knowing a generally strong tone for quality muff along tie street. Hales of het eel- are firm at 2H 4c a pound, wliile beat block hog are moving well at Jlc a pound. JACK RABBITS ARE HAHD TO SELL Owing to weathor conditions, the trade Is finding it difficult to sell Jackrsbbtta at $3 a rioaen. tha recent price. Beeeipta hee not nen liberal durina the lat few day, but lor thai the trade la thankful. WHf TOM CEILT WAS 4BSET Tom Celly. for about 10 years well known along the wholesale way and at present con nected with Mark I-evy Co., to abient from duty (Saturday tor the first time in an ex t (.ruled period. Tom was to be married and the street, while missing him', eiteoda congretula titna. CHICKES MARKET 18 TERT FIRM Market for chickens is showing a very firm tr.ne along Uie street. AU through the week the demand was in eiress of offerings, and ail price are held firm at full prices for the vari ous qualities. BRIEF 50TES OF PRODI CE TRADE Repacked Mexican tomatoes offering at 13.50 lug Ontnn market remaine alow at unchanged 8uppli of celery arrived and sales at 17.80 data for -insll 'tuff. Increa-ed movement of apple shown at frac tional advances. Hide market Is weaker and lower. WEATHER NOTICE FOR SHIPPERS Weather bureau sdvu.ee: Protect shipment during the nejt 88 hours agauwt the following minimum .temperatures: tJoing north. 84 degrees; nortlieat over 8., F. A S. railroad 28 degrees; east to Baker, '11 degree, and otii to Ashland. 28 digress. Mini mum temperature at 1'nrtland tomorrow, about 84 degree. POTATOES ALONG THE COAST AN rr4 CI SCO MARK t"T San Francisco, reb Z ( V. I" ) Pota toes River wlills. 4 i0 5.00; Salinas, 83.25 5.50; sweet-., 3 ft 3 It c per lb. Union Yellow and white. 5c per lb.; Aus tralian brown. 84.50 ft 4.73 per 100 lbs. settle Market Seattle, Wash.. Feb. 21. (I. N. S. ) Onions Oregon. 8 ft. He per lb. Potato Ykima gems. 1100 00; local, ' 185.00 . 90.00 per ton. DAIRY PRODICE OF THE COAST an Francisco Market San Franein. Feb. 21. Butter Kztrae. eVc: prime first. 83c. gg Extras, ft 1c; firsts, 47c: extra pullets, 4Jr; iinilerstKed. pullets, 88c per dnz. Cheese alifornla, flat, fancy. 80 Vie; firsts, -8 Ve per lb. ! m New Tork Sngnr and Coffee New York. Feb. 31. Coffee No. 7 Rio. 14 He; No. 4 Santo. 24 24 He. Sugar Quiet; raw, 10.00 ft 1 0.25 ; refined, nulet; granulated. 818.00 ft t". 00. Poultry Wanted WE GUARANTEE YOU HIGHEST CASH PRICES Heavy Hens over 4 lbs. 35c Light Hens ..... 31 e Pekin Ducks 40c Geese . 28c Eggs, market price. CASH PRODUCE COMPANY 300 East Morrison St. PORTLAND, OR. HIDES, PELTS.WOOL Caicara Bark. Metals, Babbert Write for prices and shippiag taga L. SHANK & CO. IU Front Street, Portland, Oreroa Ship us or write for prices on Eggs, Veal, Hogs, Potatoes, etc. Let us quote you prices for groceries. Call or send us a list of what you want. We can save you money. ORIEN VAN SCHOONHQYEN 193-195 2ndi Cor. Taylor, Portland Live Poultry Wanted The Chinese New Year caused the Poultry market to clean up. We expect good prices to prevail the coming -week. BOLLAM & CO. 119 FBOS-T 8T PORTLAND, Or. OSCAR J. CARLSON commission mehchawt 149 FRONT ST., PORTLAND, OR. .' We will arat nhtnneira of Drriuuwt Poultry and all farrh produce the highest market prices. Wrlta for tags. Prompt . returns maae. Mill! Aale . Vrii lesjaav, T sj1 Net Ut SULUYAN HIOI & WOOL CO. 144 Freat 8t, III SkTAaW saa SB . rLMll MAHK.1? BASKET By Rjmai H. Cobea Tha average consumer falls to under stand why the cost of shoes affects the cost of living ao far as foodstuff's are concerned, but when shoes axe bigh priced they Invariably act as a' brake; against still higher prices for food. If shoes are high It generally follows that there Is a high price In the market for leather. If leather is high It means that high priced hides are a contributing influence. If hides are high It follows generally that this means a better price for cattle, and if cattle' are high, you all know that means someone must pay the bill. If hides, leather and shoes were low and there waa a scarcity- of cattle. It would mean not only that the latter would be high priced, but that most of this price must be paid by the consumer of meats. If the byproducts of the cat tle are high this removes a portion of the price that consumers pay for meats. You will say that meats are high priced as well as are shoes, but It must be understood that meats would be still higher were this not so. The same applies to pork products. If lard is high, it means that users of lard will pay a larger per cent of the cost of hogs than do the eaters of the fresh or pickled product. The following prices are grange ones that co rummers are expected to pay at retail stores. Quality noted Is the average, fancy stuff being slightly higlier and inferior staff fractionally lower. Eggs Freshly laid, 58o per dos. ; fancy fresh, 60e pr doe. Butter Bast cream try prints, 70 9711c lb. Cheese Fsncy. 40 46a per lb. Chicken Dressed. 46&B0e per lb.; geese, dressed, 85c per lb. : turkeys, SOc per lb. ; ducks, 40c per lb. Hslinon 3 Re per lb.: Columbia smelt, 5c lb. Flour Best local patent, S3. 45 g 3.50 per sack 4 0 lbe. potatoes Burbsnks, fsncy, 4 hi c per lb. ; sweets. 1013Vie per lb. Onions Dried, 8 0 70 per lb. WHOLESALE PRICES IN PORTLAND These are prices retailers psy wholesalers, eieept as otherwise noted: Dairy Products SUTTER Belling price, box Iota: Creamery, prime parchment wrapped, otic per lb.; prime firsts. 4c lb.; firsts. oSaH4c per lb.: smaller lots at an advance. Jobbing price: Cube ex-! tea, 82o lb.; prime first, 60c per lb.: cartons, I Ic extra. Selling price No. 1 storage butter, i BOe: off grade, 4 He per in. BUTTEKFAT Portland delivery batia. 85 88c: country ststione. 83(o4c. OLEOMARGARINE Best brands, 40u ordi nary, 33 He; bakers, 33c; Nutmarganne, 1 lb. cartons, 82c per lb. CHKESS Helling price: Tillamook rresh Ore gon, fancy cream triplets, 8 5 ft 36c lb. : Young America 88 ft 37c Price to lubbers, f. o. b Tillamook, triplets, 32c; Young Americas, 33c. Selling price: Cream brick, 40 42c; buying, price of Coos and Curry triplets. 31c; Young America, 82 He lb f. a b. Myrtle Point. Sell-1 tng price: Block Swiss, Sft4Uc; llmburger, 40 ft 42c per lb. KOG" Buying price: Current receipt. 42c; candled, selling price, 43c; select, 47c per dnzen. LIVE POn.TRY Selling price: Hea,vy hen. 35c lb.; light hens. SOc lb.; spring light, 35 (M0clb.; heavy. 30c lb.; old rooster. 20c ib. ; squab. 83.00; dressed duck. 4 8 0 60c lb; pigeons, 81.50ft 2.00 per dozen; turkeys, live, 85 0 80c lb.; dred. 50 ft 52e lb.; dreaaed geese, SOc Ib. Fresh Vegetables end Fruit FRESH FRUIT Orange. 88.78 ft 7.00 per box; banana. 10ft lie per lb.; lemons, 16.50 7.50 per crate;-Florida grapefruit. $8.00 ft 7.0,0; pear. 82.25 9 3.50: grape. Empertor, lZc iier lb CRANBERRIES Eastern . $1215 barrel. APPLES Various varieties, local. 81.26 ft 82.75. DRIED FRUIT Dates. Dromedaries. 89 00; Kards, 88.75 per box; raiaias. 3 crown, loose Muscatel. 16c per lb.; figs. 88.60 ft 6.60 box. ONIONS Selling price to retailers, Oregon. 85.00 per cwt. ; associated selling price, car load. 84.50 f. o. b. country: garlic. 40c per lb. green onions. 40c per dosen bunchea. POTATOES SeUing price, 84.00 ft 4.60 per eert; buying price for fancy large Ue, 83 75; ordinary, 88.50 cental; sweets. 8c lb. VEGETABLES Turnip, 83.00 per ark; carrot. 8150 ft 1.75: beets, 83.00; cabbage, Oregon, 5e per lb. ; O-lifornla, 6c per lb. : let tuce. 81.75ft3.25 per crate; .ucumners. Cslifor nia. $2.00 ft 2.25 doz.; tomatoes. $8,60 ft 4.00 lug; egg plant, 35c lb.; cauliflower. $1.60 ft 3.00; bell peppers. 3 5c; sprout. 17e per lb., Hubbard aquash. 5a "b. ; parentpa, S3. 00 ft 3 50 per sack; rutabaga. $3.00 cwt.; celery. $2.00 2.25 dog. Meats and Provlileni COUNTRY MEA rg Selling price: Country hog. 21c per lb. for top blockers; bravy 13ft 18c; best veal, 2Wc per lb.; heavy real. 1 ft 1 7e per lb. SMOKED MEATS- Kam, 27 f J7c per In.; breakfast bacon, 32 SOc; picnics, 27 28c; cottage roll, 3ftc per lb. LARD Kettle rendered. 29 He lb.; standard. 28c; Uerce baaia. compound, 26c Fish and ShstTflth FRESH FISH Salmon, fall. 24 25c per lb: cbinook, 28c per lb.: halibut fresh. 25c: sturgeon, ; black cod, JO ft 11c lb.; sliver tmelt. 10c lb.; a!mn trout, 20ft2Uo lb.: kippered tllmon, $2.85 per 10 lb. basket; kippered cod, 2.. Columbia smelt, $1,26 0 1.50 box. T roeerles SUOAR Cube, $16.75; powdered. $16.46; fruit and berry. $16.90; yellow, $15.80; gran ulated. $16.90: uura C. $15.60; goldaa U. $16.40. HONEY New. $7.60 8.00 per case. RICS: Japan tvyle. No. 1. 14 He; New Or leans, head, t ). Blue Row. 154c per Ib. ALT Coarae. hajf ground. 100a. $17.78 per ton; 60s, $19.50: table dairy, 60s. $28.50; bales. 83.80 ft 4.O0; fancy table and dairy. $311.50; lump rock, $26.60 per ton. BEANS Oregcn (salea by jobbers) : Lady Washington, 7HC8e per lb.; pink, 8c; Umaa, 16c; bayou. 10 He: Oregon beans, buying price, nominal, 6 He per lb. CA.NNKD MILK Nominal. Carnation. $6.10; Borden, $6.00; Aster. $8 00; Eagle $11.28; Libby, $6.10; Mount Vernon, $8.00; Haselwood. $8.00 per case. COFFEE Roasted. 37 ft 51c In sacks er drums. SODA CRACKERS In bulk. 17 He per Ib. NUTS Walnuts, 36 ft 40c per lb.; almond AT BARGAIN PRICES wnoletale Fralt and Frodaee Oregon Growers' Exchange ReeelTers Distiibntors Jobbers SPECIALTY IN CAR I.OTS Phone Main 47(4 I FBONT 8T, POHTLANT. OBEGON BoDine&Clark Livestock Coramlsstoa Merebantt UNION STOCK YARDS NORTH PORTLAND, OBEGON HDES, SHEEP PELTS, MOHAIR, WOOL ALSO CASCARA BARK WRITS PON PRIOES TO ' H. F. NORTON CO, W. or. lath ana atennaon 8N, Portland. Or ne) Seat tie, Wash. r" MARK HIPMINTt TO ron NIQHCST PRIOia prompt nr WHU tor Prion DAIRY RUTTCR OetlAM EQOa ccmn porrrLasiDi. on. SHIP YOUR HIDES TO PORTLAND'S ONLY TANNERY We Will pay you Hubert Market Prtca Weber Tanning Co. EstabUahaJ 1R8 11 XACADAK ST. PORTLAifD, OR. (or south is Buying E E Interest is (fain ahon tn the local potafo market just as had been forecast in these reports during the last few days. Sooner or later It was argued that the trade of the Pacific Coast would awaken to the fact that potatoes have been selling too low In this terri tory. Buying of potatoes for California quickly fol lowed the soaking rains that fell in the South recently. Orders for notatoes are arriving from tha South, not in large volume by any means, but In such volume a to encourage both holders and shippers at regards the immediate future of the eitnation. Do Tin a the last 94 hour sale of potatoes were made in carload lot at Willamette valley point at $3.75 per cental f. o. b. cars at country stations for good average snipping stock, while it would have been possible to se cure a fraction above this for something extra good. Front street haa not yet awakened to the fact that potatoe are real good property but the awakening will come. Primary market report: Oreeley. Colo. Hauling moderate, tight wire Inquiry. Demand good, movement limited on account of ear shortage. Msrket steady. Wsgon loeds cash to growers at country loading point. Rurals and Pearla. U. B. No. 1. $4.00 ft 4.10. mostly $4 00. Idaho Fslls, Idaho Hauling Increasing. Grow ers offering freely and aniinns to sell at present prices. Demand briak. Market atranger. Wagon loads cash to growers. All stock Quoted I V. S. No 1 grade. Rurals. $4.00 ft 4.1 5, mostly $4.05; Russets. $4.10 ft 4.20, mostly $4.20 Car load f. o. b. eash track: Rurals mostly $4.15; Russet mostly $4.25. Minneapolis Moderate wire inquiry. Demand moderate, movement limited. Market dulL Car load f. o. b. usual trrms. Very few sales. White varte-ie. partly graded. $4.10 ft 4.35. Bliw Triumphs. 4 00 ft 4 13; Early Roae, $41034.13. Cirloads f. o. b. usual terms: Red River Valley. Red River Ohioe. field run, few 4.65. Waupaca. Wis Quality and condition gen erally good. Carloads f. o. b. usual terms. Mod erate wire inquiry. Demand and movement mod erate. Market weak. Round Whites TJ. 8. No. 1. $4 10 ft 4 20. Seed stock: Good wire inquiry. Demsnd exceeds supply on sales for immediate shipment. Considerable ales made on prevlou contracts now being filled. Mostly mixed ears, psrtly graded. Bliss Triumphs mostly $4. IB: Early Rote, $4.00ft4.Q5; Early Ohio, mostly $4 25; Irish Cobbler, mostly $4.50. Warehouse cash to growers. Hauling moderate. Demand good. Market barely steady. Round Whites, bulk V. 8 So. 1 at Waupaca, $3 50ft3. 65. mostly 13.60; at other Wisconsin point mostly 83.30 ft 8.75. Csr lot shipments of potatoes to February 16, Inclusive : Total Shipped Shipped Shipped Last State Feb. 10-18. to Dste. Sesaon. California 60 7,858 10.850 Colorado 102 7,976 18,674 Idaho 50 6.8S9 7,726 f,lne 523 15.871 19.026 Michigan 225 , 6.711 11.068 Minncota 183 18.142 23,518 Montana '-5 "71 Nebraska 16 1.550 S,K2B Nevada 11 -o New York 226 8.551 10.0S9 Oregon 13 60S 1.685 Pennsylvania 63 2.R30 2,119 Washington 35 2.642 2.974 Wisconsin S3! 11,325 20.658 Others 45 ... Totals for TJ. 8.. 1.R81 132.247 1715.536 Imports. Canada... 123 3.338 Xew Tork Butter and Eggs New York. Feb. A. (I. N. 8.) Butter Firmer. Creamery, extras, 67H70r: do firts, 68ft6Gc; do higher scoring. 68ft 72c: state dairy, tubs, 46 ft 65c; renovated, extras, 54 ft 56c; imitation creamery, 4 8 ft 4 7c. Eggi Firm. Nearby, white, fajicy, 74 ft 75c ; do brown. 73c; extras. 71 72c; firsts, 67 68c. Milk. $3.69. Bnge Loeomotlre Orders New York. Feb. 21. Orders taken in tho past two days by the American Locomotive com nnny. It was announced today, aggregate more tl.an $6,000,000, representing a total as great or greater than gll orders on the company's honk three months ago. Demand for railroad motive power ha taken a spurt in the last few days, because of the prospect of the road being returned to their owners March 1. The Union Pacific ha ordered 19 MaJett and 10 Mikado engine. The Canadian railways have ordered S3 locomotives. Resume Wheat Buying; Nnw York. Feb. 21.- The United State Grain corporation announce tliat on March 2 f will reaume buying of flour under its "regular flour offer" plan, after a subvention of two n on tha. Exfhang; Fails to Hold NVw York. Feb. 21 Demand sterling, which failed to sustain a rally yesterday, openad weak today, declining 2 to $3.41 . Remand sterling fell to $3.39 14 and re corered to $3.40 14. 38c; filberts, 33c In sack lots; peanuts, ISA 18c; pecan. 26c; Brazila. 80c. Ropea, Painu. Oils HOPE Sisal, dark. 18 Vic; white. 20c Ib.; standard manila, 23 He LINSEED OIL Kaw. bbte., $2.08 gal.; ket tie boiled, bbl., $2.08: raw, eaa, $2.21; oouea, cases, a .'a per gallon. COAL OIL Water white. In drums or Iron bbl., IS He rl.; cases. 24c gel. GASOLINE Iron bbl., 25c: rases. 28 Vic engine distillate, iron bbl., 18c -gaea. 26 Vie. WHITE LEAD Ton lots, 14 Vie; 800 lbs. i 14 Vc per lb. TURPENTINE Tanks. $3.18; eaaee. $2.28: iu case iutv, ic iea. W1HE NAILS Basic price, $8. IS. Hops, Wool an) Hides HOPS Nominal;1919 crop. Oo per Ib HIDE 8 No. 1 aalt eured hldea (nnder 4S lb.). 80c: No. 1 salt cured bull hides. 18c; paruj curea aura, m per id. leas; green bides. 5c per lb. leas; No. 2 hides, le per lb. less; hair slipped hldea, one-third leas than No. 1 hides. calf AMJ air Al- :so. l tnramed skins (up to IS lbs.), T0c;"No. 1 trimmed kip skin I IK in an lhl (f Nn iUiu a. II. i . hair slipped skin, one-third less than No. 1 akina! tin i iiiia-s snu ssuir-utj Hint bides (7 lbs. and up), 35c; drv flint bulls. 24c: drv flint calf skins (under 7 lbs.). 85c; drv salt hidea (7 lbs. and up). 29c; drv aalt bulla. 18e; dry salt calf akin (under 7 lbs.), 69c; drj cull hide and skins, half price. . HORSE If IDEM tireen or salted Tr. well-taken-care-of hides, $6.00 7.00: rmnv iut imill tildss. 2.50(tt3 50. dry horse bides. $1.50 3.00; times witn neaas ott. 5Uc less; horse tall bair, per lb., 25c; horse mane hair, per lb., 15c PELTS Ori long wool pelts, per lb., 30 40c; dry medium wool pelts, per lb., 25c$$0c; dry shearing pelts, 60r$1.00 each; salt long wool pelt. $.2 00 4.00 esch; aak medium wool pelts. $1.50 W 2.50 each; salt shearing pelts. 60c l.UO earn. MOHAIR Long staple, 40c lb; abort staple 25 30c Ib. TALLOW AND GREASE No. 1 tallow. 12c; No. 2, 10c; No. 1 grease. 6e; No. 2 crass. 7c per lb. C11ITT1M OR CASCARA BARE New peeL HHc perJb WOOI-Valley half breed Merino and Shrop shire, 50e; Cotswold and Lincoln, 4 04 So; matted Cotuwold. 30 35c: timber atained, 5c par lb. leaa; lamb' wool. 4e per lb. laaa. Eastern Oregon, Eastern Washington and Cal ifornia Wool Merino and Shropshire, $5 40c; halt blood Merino and Cotawold, 37 942c; Shrop shire, 8 7 10 4 5c ; Cotawold and Lincoln, etraunt and mixed. 3286e; bum. be par lb. lata; lamb. 4c per lb. leas. Pine Wool Uenno combing and cardin gndea. 808gc ISSUE 27 I SPUDS HER WE WANT SEED POTATOES POTATOES W. 8. Grades, No. 1 selling 83.75 to 84.26 cwt. ; market slow. We are carload buyers, f. o. b leading points. Write u what you have to sell. Our wants are 25 mora cars this season. V E A le Demand fair; tops selling zt-SIVfce; heavies moving slowly. HOGS Call good for blockers, 18-2 le. POL'LTBT Hens over 3tt lbs. selling lie, under, z8e broilers under 2 lbs., 36c springs, tee; stags. 22e; old roosters. 18c EGGS Demand good, selling 42-43C Our Mllm Charges: 1c pound Hogs, Vagi, Poultry. Is dozen an Eggs. Sheridan -Beckley Co., Inc. FRUITS AND FKODX'CK 341 East Alder St., Cor. 2d Phone East 5801 'Reference: HIBiRIVIA SAVINAB SANK and Fetate Brewer aaseehstlens That a his wt Or Lets Lean atieaiM Use Cte 9 si Hues. GOOD TRADE AT At New Vert. Feb. at (I. The steam msrket oioeetf Irregular today. Some Issues moved to lower levels In the fines treslea-whlle asm epseleHles made dvanoe. Steel com mon, after advancing to 99 7 . ejropped to 89 H. Oruelble was , point tower at 804. Qeoerai Motors, after breaking nearly 4 point, to 28, rose to 250 '4 at the close. Mem lean Petroleum fell '. from the high to 178".. Railroad hsues were Irregular, Southern Paclflo felling 1 point from the hUh to 7. while laland rose to a high of 96 V. and Pare ftae quette rose nearly 4 point to 81 '.. Unton Pa cific wss "finally lIOH, American Woolen 112, U. . Rubber 101 . Beading 76. Baldwin 11'i end Pan-American Petroleum 87 ' aovernment bond unchanged; railway n other bond steady- Total tale, of stocks today were 899,600 shares; bonds, 7,079,000. Total sales stocks for the week were 4,847, 200 shares; bond. e,80S,000. New York, Feb." 21. (I. N. S ) Al though mere were many mixed move ments at the opening of the stock mar ket today, the majority of the issues were established at lower levels. Steel common sold off to 98V4. Baldwin Loco, advanced to 1U and then yielded 1 point. Republic Steel dropped to 1014 and Bethlehem Steel B, to 88. Mexican Petroleum roae , to 180, while Pan-American Petroleum, after aelling up to 87. dropped to 86 H. Uenenl Motors was actively in, and after advancing 1H to 251, declined to 24814. Chandler Motors opened at 127 and Studebaker at 88 14. American Woolen was a strung lecture, ao fanciug 2 to 131- Central Leather rose 1 point to 8014. Changes In the railroad group were marked. New Haven falling 1 4 to 80 H.' and Canadian Pacific " to 123 H- Southern Pacific, after falling to 97. rallied to 97 4 tfnd fractional gains were made in Union Pacific and New York Central. Faraleheel by Orereeea a UDose Oev. Boars) wf Trade building: DEbCRlPTlON : I Open High Low Close Alaska Gold.... A Uia Chalmers Am. Int. Corp. Am Agr. Chem. Am. Beet Sugar. 1 41 hi 94 '44 w 1 1 i 1 44 41V 94 V 45 41 94 41 94 89 83 45 am. van, c i 44 A m. Car. V oundry . Am Cotton Oil Am. IL Leath-, e. Am. Linseed, c. . . j Am. Loco., c Am. Smelter, e. . . Am. Steel Fdy. . . A m. Sugar, e Am. Sumatra Tob. Am. Tel. & Tel A m. Tobacco .... Am. Woolen, c. . . . Am. Zinc Anaconda Min. Co. Atchison, c Atlantic G. 4 W. I Kaidwin Loco., c. B & O., c Peth. Steel B.... Bosch Magneto.... Brook. Rapid T . . . Butte A Superior. Canadian Pacific... Cent. Leather, c . . Chandler Motors . . . Ches. & Ohio Chicago Gt. W., c. C. M. A St. P. . . Chicago & N. W . . Chile Copper Chino Copper Columbia G. A E . . Continental Can . . . Colo. F. A 1 (kins. Gas Corn Prod., c. . . . Crucible Steel, c... Cuban C. Sugar. . . V. A R. G., c Erie, c General Cigars . . . General Electric . . . General Motors . . . 132 Vi 1834 43 W 28 V 94 Vi" 64 132 183 4 43 W 22 ii" 04 42 Vi Hi' ' 97 Ti 12s W 19 58 Vi 82 43 22 94 83 42 85 ' " 97 48 23 80 93 83 42 ii 48 "85 Vi 97T i33'i 111 59 84 152 1184 1274 84 97Ni 1236 128 131 18 58 82 1504 18 58 83 Vi 151 Vi 112 Vi 150 IU 112 34 88 . 34 'v 85 V. 34 87 134 28 4k SB 14 I OH' 115 18 27 128 Vi -80 4 14 H 27 126 81 128 68 H 10 39 V 67 174 13 26 124 81 123 79 128 127 127 67 V 10 88 Vi 87 174 87 V 574 39' ' 57 9 38 86 17 57 V4 10 88 87 4 17 87 57 37 U 37 57, 57V4 81 39 78 834 208 43 H 39 82 Vi 38Vi' 82 205 81 ,205 Vi 203 44Vi 74 14 V. HA t- 444 14 66 44 74 14 I 14 66 66 159 251 Vi !53 88 78 ;248V4i250 Great Northern Orei 37 78 Va 37 374 78 1 78 32 Gt. Northern By . . . Greene Cananea . . . Gulf States Steel. . . Ind. Alcohol Ina. Copper Int. Agr. Chem. . . Int. Harvester . . . Int. Mer. Marine, c. Int. Nickel K. C. Southern, c . . Kennecott Corper . Keystone Tire Lackawanna Steel Leliish VaUey Maxwell Motors, c. . Mexican Petroleum . Miami Copper Mldvale Steel Mo. Pacific, c. . . . National Enamel . . National Lead New Haven N. Y. Central Nor. A Weatrfu. . . Northern Pacific . . Penoa. Ry Peoples Gas Pittsburg Coal, c. . . 65 88 34 85 Vi 54 iis' ' 31 21 18 Vi 31 74 4 80 I 85 I 65 I 54 j I. 15 188 31 1174(117 81 V 31V 21 18 I 21 l 18 I . ... 30 I 1 18 29 3u I 31 i 73 I 46 I 74 74 45 211 179 22 46 29 75 80 S3 46 1N0 l2i179H 22 48 28 75 3i 72 Vi 78 42 23 I 22 4 46 2941 28 76 I 75 85 73 I 78 I 43 I 30 72 72 06 -I u , 1 a 42, 42 .... I 38 56 Vi 114 20 64 76 Pressed Steel Car, c 94 04 1 1)3 U Pullman Hay Cons. Copper Hy. Steel Springs Reading, c .... Republic I. A 8.. Itock bland, o. . Bhattuck Copper Sloe Sheffield . Southern Pacific Southern Ry., c . Strom berg Studebaker, c. . . . Htuli Motors . . . 114 1114 114 20 I 20 I 20 14 U 4 I 94 TS V I 7 V TS 10 1 v iint! .1 1111 v 101 Ol SI 00 ft 0 1 71 r SO .1. 11 I 70 97 24 60 88 118 23 120 10 37 69 120 61 185 1U1 65 97 23 '" 05 44 07 24 23 '87' 120 23 120 10 36 89 1 1 9 122 122 St Louis A San F. . I 24 120 lOt 36 60 119 01 ioi 65 rl 41 244 owin es jo. Tenn. Copper Texas Pacific Tobacco Products . . l oion Pacific, e. . . United Food Pdctt. . Cnited Fruit U. 8. Rubber, c. . . TJ. S. Smi-lt. Hot U. 8. Htorl, e do preferred , , . Ctah Copper 120 10 38 70 121 ula 61 I03 101 S 05 65 OX U 90 0!) 111 11141111 111 1 1 . .... I lift 65 j 65 9 I 9 85 85 51 I 51 24 24 irg. unem., o. . . . Wabash Western I'nlon ... Wc&tinghouse Elec. . Willy Overland . . . 65 65 10 87 I 81 l 24 I 87 51 25 I Eastern Cash Qraln Minneapolis. Cash wheat, No. 1, dark North ern. 270 6 295; No. 2. 260 290; No. 3, 255 6285; No. 1. Northern, 260270: No. 2, 255 (a 205; No. 3. 250 260: No. 8, red spring, 240 ( 250; No. 1. hard Montana. 2600270; No. 1. durum. 221 (230; No. 2. 218S 225; No. 3. 215 220. Corn No. 3. yellow. 141 & 142; No. 4. 136 0137; No. S. 13249 183; No. 3. white. 142. Chicago. Cash wheat: .0. 4 red, 235; No. 4, hard, 235; No. 4. Northern spring, 245 A 246; No. 5. 223. Corn. No. 3, mixed, 133 iff 185; No. 4. 140 1 42 ; No. 6, 140 142; No. 6, 138&l38; No. 3. yellow. 147148; No. A. 14145: No. 5. 19 140; No. 6. 187; No. 3. white. 151; No. 4. 148 149; No. 5. 145 (ay 147. Oat Nc 1, white. 88fe90; No. 2. 87 88; No. 3, 87 687; No. 4, 86. Kan Francisco Barley Callv San Francisco, Feb. 21. V. P.) Barley Spot, feet, per cental, 83.35 asked. 33.43 nom inal. SATURDAY, FEBRUARY 21, 1920 OWER RANGE HAY TRADE ONLY IS NOW ACTIVE NORTHWESTERN HRAIN RECEIPTS Wheat. Barley Flour. Oats. Hay. 44 ... 21 1 2 . Holiday . 231 ... .98 6 8H Portland Sat. . Year ago . . Total this weak Year ago . Season to date. Year ago . . Taooma Fix . . Season to data Year ago . . Seattle Fri. . 83 8 34 7 63 8188 169 2922 405 1832 6256 884 1779 597 2582 54 . . . 21 8217 71 1998 147 657 4648 29 184 1008 Season to date 4548 229 645 562 1058 998 505 2189 Year ago 4744 67 - While there continues a dragging tone all through the grain trade here at the closing of the week, hay market situa tion la favorable and the movement is more active. According to Harry Spurlock. la ""charge of the hay department of Everding A Farrell. there Is quite a liberal demand at this time for cheat hay with bid ranging from $17 to $20 a ton. according to quality, for .Portland delivery. Only a small amount of grain hay is available, a carload of oats being offered bera god tbere ground $25 to wholesalers. Scant stocks of clover an available and a $25 buying price haa been firmly established here. . Down the Columbia. Clatakanie growers are offering timothy bay to the local trade around $26 a ton, but the quality ia not a good a most Willamette valley offerings. Alfalfa market remains steady wttb the buy ing price 'at $31 00 82 00. Mill tuffs remain quiet and incline to weak ness with offers to sell by mills down to $43 a ton. WHEAT Nominal buying price, bulk: Blue stem, $3.04 3 05; fortyfold. $2 80 2 85; turkey red, $2.00 2.91 ; marquis. $33.05; club, $2.28 & 2.30 per bushel. Portland track delivery. FLOUR Selling price, new crop: Pitent, $13 15; whole wheat flour. $10.75; Willamette valley. $10.66; local straight, $10 50; bakers' local, $13.15; Montana spring, wheat, patent. $13.75: rye flour. $10.10; oatmeal, $13.00. graham. $1180. Prices for city deliveries In flee bsrrel lots. HAT Buying price, new crop; Willamette timothy, fancy, $28; retch. $25; cheat. $17 20: straw, $10: clover, $25; grain $26. GRAIN SACKS Nominal: N.w crop delivery No. 1 Calcutta. 18c In car lota; le&e amount higher. MII.I.8TUFTS Mtllrun at mills, tacked $48.00 9 44.00. - OATS Per ton. buying price, feed. $88,00 9 88.50; m filing, $88 ton. BARLEY Buving price, $71. 50; milling $72 60 ton; rolled barley, aelling price. $73.00 75.00 ton. Merchants' Exchange bids: FEED OAT8 Feb. Msrch. April. No. 2 white T 5960 5950 6000 BARLEY No bids. V CORN No S yellow 5700 8750 8750 Eastern oat and com in bulk : OATS 38-pound elipped 5850 5900 6900 3 8 -pound clipped 5850 5900 5950 CORN No. 3 yellow 5700 5750 6750 Nominal Market in Stockyards Here At the Week-End PORTLAND LIVE8TOCK RUN Hog. Cattle. Calves. Sheep. Ssturday 107 15 Week ago 62 140 4 Two weeks ago 30 224 IS 20 Four weeks ago ... 28 7 . . . 22 Year ago 875 240 ... 1640 Two year ago .... 180 111 ... 45 Three years ago ... 619 8 ... Fmir years ago .... 376 10 ... Only two carloads of livestock entered the North Portland market for the clos ing day of the week and trade remained on a nominal basis. Small supply of bogs came forward and these were of Indifferent quality. The week end trad at North Portland was nominal in the hog alleys and price, while easier, were unchanged. Ueneral hug range: Prime mixed SI 5.75 $16.25 Medium mixed 15.26 15.75 Kougb beariea 11.00 15.25 Pigs 18.0015.00 No Cattle Received No cattle came to North Portland for the week end but none were wanted. The situation is extremely quiet with killers overloaded with supplies. Nominal prices follow. i.eneral cattle ranae: Best srain steer ...... Choice steers . ..813 no a 1275 ... 11.00011.50 ... 10.0011.00 . .. .00 10.00 , .. 8.009 9 00 7.00M 8 00 Uojd to choice steers Medium to good steers Fair to good steers Common to fair steers Choice cows and belter ood to choice cow and heifers Medium to choice cows aad heifers Fair to medium cows god heifers 1 'a nners Bull Best light calvea Medium light calres . . .r0 9 10.25 ?50 9 50 .50 8.60 0 50 7 50 8.50 (t 6.50 . .28 0 9.00 16.50(917 OO 12.50 15.60 T 00ai2.60 II. avy csItps B tuckers and feeders 1. . . Mutton Holds Steady BOO 9.60 Hsndful of stuff waa shown 'in the mutton and lamb alleys at North Portland Saturday. Demand and prices held steady at Uia previous rang. Ueneral sbeep and lamb range Esst of mountains lambs .117.009 18.00 Best light valley iambs Best heavy vaJley lambs Feeder lamb ' Yearling , Wether , lS.OO(9t 17.00 18.6014.50 1 2.00 & 15.00 15.00 15. CO 18.00 10 13. &U io oo e 12.00 wea Friday Afternoon ag cows No. , At. Ib. Price No. At. lb. Price 1 1....1170 3 8.60 2 1140 f 9.50 CALVES 2.... 190 8 9.00 I 7.... 181 810.50 HOUS 16.... 247 815.50 I .... 172 315.50 1.... 260 16.00 I 1.... 120 14.50 1.... 31-0 14.50 1.... 250 16. JO 1 110 14.50 1.... 240 12.00' 7 252 12.50 2.... 165 15 50 15 256 13.50 17 218 16.50! AMERICAN LIVESTOCK FBICES Chicago Hog 914.90 Cliicago, Feb. 21. (I. N. S.I Hogi Re ceipta 8000: strong to lie higher. Bulk. 814.00 (S 14.75; top. 814.90: heavy weight. 318. 86014. 30: medium weight.. 814.20 m 14.70; light wrght, $14.6014.90; light light. 814.25 14.85; heavy packing sows, smooth. 31 2.75 . 13.40; packing ton, rough. 812.10 &12 65; pigs, 118 25 14.60. Cattle Receipt 1500. Compered, with week ago: Steers above 818.60, 25 ft 76c lower, other mostly steady . butcher cows and heifers, steady; rentiers 26c lower; bologna bulla, 25c higher; calves. 25c lower; stocker and feeders. 25fe40e higher. Sheep Receipts 4000. Compared to week go: Fat lambs. 26g40c higher: others little changed ; fat sheep and yearlings, 25 9 75c higher. Omaha Hogs 814.8S Omaha. Feb. 21. 1 1. N. 8.) Hogs Re ceipt 4200; 5(l0e higher. Bulk. 318.80 14.00; top, 814.23. Cattle Receiit 800: heavy steers meetly 26c lower, others about steady: reals strong; bulla weak to 26c lower; atockers and feeders steady to 26c lower all compared to g week ago. Sheep Receipt 800: lambs 76c highar than weeg aero; yearling and ewes 60e higher; feed ing grades 2 Be higher. Seattle Hogs 816.BO Seattle. Wash. Feb. 21. (L N. S ) Bogs Receipt. 195. steady; prime lights, 848.00 16.50; medium ts choice, 315.00 g 16.00; rough Dearie. 314.00 14. SO1, pig. $12.00 13 0. Cattle Receipts. 42; weak; best steers, 111.00 4112.25; medium to choice, 39.T511.26: common to rood. 37.25 & 9. SO. best cove and heifer. 89.50 uf 10.00 ; common to good eows, $I 25 (9 9.00; bulls. 37.00 8.25; calves, 87.00 16 00. Sheep None. Denver Hogs S14.00 Denver, Feb. 21. Csttle Receipts. 2500; steady. Steers. 39.60 11.10; cows aad heif ers. $8.00 Y 9.25: atocker and feeders. $8.00 10.00; calve. 816.00 17.25. Boars Receipts. 260: 40 50c higher. Top, 314.00; bulk. 313.56 18.80. Sheep Beretjite, 1300; steady. lambs. 81 8.75 m 19.80; ewea, $11.75 jp 12.50; feeder lamb. $17.75 18.75. New Tork Bank Statement New Tork. Feb. 21. ft N. 8.) Average: Loan, decrease. 888,593.006: demand depos it, decrease, 848,944.000: Urn' deposit, de crease. 821.00O; iwaem, dscrwasa, 61.987.850. Actual: Loans, decrease. 382.988,000; de mand derxwita, decrease, $60,726,000; time de- posroL oernaaa,, gpiTtOVe; 31aie90.04a ADVANC E RAIL STORKS IS SPECULATIVE By Broadan Wall New York. Feb. 21. The Justly celebrated bull campaign in railroad stocks came to a sudden halt Friday and the bears devoted their ener criea to covering short contracts In the industrials and particularly in the motors. The oils aviso received some attention. In the afternoon the whole market flattened out. for it is evident pothlne; is being done to make a better bank statement. Time loans are tfting dis continued as they mature, and with tha whole street on a call money basis the condition of the banks becomes a mat ter of serious importance. Besides, there is no certainty, first, that the rail road bill as reported will get through congress, or, second, if It does set through congress, that the president will sign it. Therefore great caution ts being ex ercised by conservative pergonB in re gard to the purchases of stocks and also in regard Jo the liquidation that is stilt continuing, presumably with the idea that nobody la noticing it. Brokers said that the short interest in the rails was pretty well covered up and that the advance had attracted considerably buying for the account of mature investors. Until the Interstate Commerce commission gives out the new railroad districts and groups the com panies, it will be Impossible to do more than guess at what earnings may be. The statisticians may have to do all over again the work which they are so feverishly busy on just now. That is why either an advance or a decline in the railroad stocks at this time must be highly speculative. GENERAL DECLINES ARE MADE IN CHICAGO GRAIN PRICE By Joseph F. w-rttchard Chicago. Feb. 21. (I. N. B.) There were further declines not only in the corn market today, but the weakness and Tosses included e.ery commodity in the foodstuffs line. There were declines of 1 1 4 c for corn, 'i (& c for oats and 22 40c for bog product. Chicago. Feb. 21 (L N. 8.) After open in; 4 c lower, com sufered further losses because of limited buying support Wreakne in rye also was a factor. Ixicala and commlwion bouses pressed a sell ing morement in oats, which opened 9 4e lower. ProrUions were off 51 5c at the opening, with limited offerings an dno buying support. OR DROP Chicago range, by ITnitad Press: CORN Open. Hiah. Low. Cloaa. Feb. ... 140 140 ISO 189 March .. 138 139 137 18 May 182 132 130 130 July 128 120 127 127 OATS May .... 7S 78 77 78 . July 71 71 70 Tl PORK May 3450 3450 8415 3423 LARD May 2112 2112 2072 2082 July 2161 2162 3125 2180 RIBS May 1830 1840 1820 1820 July 1876 1882 1862 1866 Chicago Dairy Produce v- eeiptf. 4 768 tubs. Creamery --extra. 65 c; standard, 63 c; extra firsts, 63 c; seconds, 4 9(63c; firsts, 57 44c; packing stock, 80 85c. V.m Rmintjt t A 520 c&jieH if W-Mlansoui receipts, 50f52t; ordinary firsts, 44 50c; f-.rt. 53c: refrigerator, 23 g 40c; check. 36 9 38c; dirtiaf, 40 4 4c. Clieew Twins, new. 27 28c; daisies, 30(8 31 c: Young Americas, 3282c; long tiomn. 27 ' 28c. Lire Poultry Turkeys, 40c; chickens, 85e; springs, 81c; roosters, 24c; stags, 28c; feese, 27c; ducks, 36c. Taklma Hop Contract Yakima, Feb. 31. Hop contract covering the transfer of 260,000 pounds were filed in the auditor'! office yesterday showing the sale of the tonnage from McNeff Brothers to Straus Co. representing a turn-over of hops recently contracted by the Takima man from local growers. The average price in the transfer t 4 8.1 cents a pound and the top pn-e Is OS cents a pound. The contracts recently filed ahow that grower in no instance got more than 45 cents a pound for their tonnae. 'Die total amount Involved in the recent filings is 6125,100. New Tork-Loadoa Bllrer New Tork. Feb. 21. (I. N S. ) Commer cial bar silver is unchanged at 31.30. London. Feb. 21. 41. N. 8.) Bar allrer la onchanced at 82 d. Cblcag-o Potato Market Chicago, Feb. 21 (L N. S.) Potatoe "Receipt. 27 car. Minnesota and Dakota. Ohio. $4.254.60. Naval fktores Market .New Tork, Feb. 21. (I. N. S.) Tureen tin Savannah. 185; New York, 192. Itosin Savannah. 15B0; New York. 1763. We have for sale United States Food Administration drafts which can be bought for $10 to ISO. These can be sent by the rwchasers to friends or relatives In Europe who can exchange them for staple food supplies in the fol lowing cities where warehouses have been established: WARSAW,' VIENNA, BUDAPEST, PRAGUE AND HAMBURG ' This is a safe and practical method of sending relief to famine-stricken Europe. W make no charge for our service, make no charge for our services. We shall be pleased to give further particulars upon appli cation. THE CANADIAN BANK OF COMMERCE Portland Branch FOURTH AND STARK STS. Stocks, Bonds, Cotton. Orsvla. Eta. U6-I17 Board at Traea BaUtUa, Overbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXOttNGES Measbars CaJeaa-a Boare ef Trad Correspondents af La ran Bryan CaJeace Bgw Yark . PALACE HOTEL Oissui. aula. Washington's Birthday Brings Double Holiday Bankers and their employes will enjoy a double holiday Sunday and Monday inasmuch as Washington's birthday, a legal holiday, falls on Sunday. Following the usual cus tom of observing the day afterwards, a legal holiday failing on Sunday. Portland's financial institutions will be closed Monday. February 33. Dollar's Advance Will Cause Serious Complications, View The advance in the premium of the America dollar over sterling, franc, lira and mark exchange has reached an unprecedented fisjiire. Financial au thorities agree that today's condition will cause serious compllaatiQAV; if con tinued and will result in utter demor alization of America's foreign trade. In reviewing present conditions, a prominent banker states : "When London exchange sells at a depreciation of more than SI per cent from the normal par of exchange and when gold bullion at London commands a premium of 42 per cent above the mint price, it becomes a very serious problem how to continue to do business with Great Britain. It Is obvious that in a situation where the price of British exchange can de preciate 10 per cent within three days, it becomes well-nigh impossible for the producers and manufacturers of the United States to do business with Great Britain. JThe same is true of all Eu rope, forthe depreciation tn continental exchange has put the dollar credits be yond the reach of almost every foreign purchaser or American goods. a PACIFIC COAST BANK STATEMENT Portland Banks Clearings Thla week Teer ago. Monday ....$ 6.957.14U. 1 1 g 8.1 1 4 HAIl.0 1 Tuesday .... 6.596,808.38 4,270 15m 28 Wednesday .. 6.039,142 92 3.4X4.O0O 20 Thursday ... 6.412,564.75 3.660.1)47 40 Friday 6. 296. 8511 84 3,162,995.92 Saturday ... 4.618,270.63 Holiday Week 834,920,092.63 820,641.861.87 Spokane Banks Clearing Saturday 8 2.162.771 00 balances Saturday 711.54 0.00 Tacoma Banks Clearing Saturday 3 7114. 932. .'6 BaJatice Saturday 122.lt8.70 Seattle Banks Clearings Saturday 8 6.889,084 00 Balance Saturday 1,445,1115 01) an Francisco Banks Clearing. Saturday 820.24 5.865 00 NewTork Bod d Market Fnrniahed by Overbeck A Cook Board of Trade building. I Bid Ask. i Atchison genl. 4s 78 79 Bal. A Ohio 4 . .. 63 68 Beth Steel ref. 5 84 H5 Cent. Pacific lit Ii 72 72 C. B. A Q. coU 4s 94 H 94 St. Paul genl. 4s 77 78 Chicago N. W. genl. 4a 75 77 L N. uni. 4a 81 81 New Tork lly 5s 28 28 Northern Pacific P. L. 4s 74 75 Heading genl. 4s 79 7!) I nion Pacific 1st 4s 82 83 r. S Steel 5s '96 97 Cnlon Pscific 1st ref. 6s 72 "3 Southern Pscific conv. 6 U'd 101 Southern Pscific conv. 4s.... 7S '4 79 Pt-nna. conv. 4s 90 !)2 S Penna. 1st 4 80 SO Ches. A Ohio conv. 5 79 ' 79 Oregon Short Line 4 81 81 FOOD In $10.00 or $50.00 Amounts Issued by the American Relief Administration For Use in Central end Eastern Europe Approved by the Government of Poland, Austria, Hungary, Caecho-Slovalsia and Garraanjr Food Draft Issued Free of Charge STATE BANK FIFTH AND STARK STS. Also Foreign Exchange at Lowest Rate 1 A Conservative Custodian HIBERNIA COMMERCIAL AND SAVINGS BANK Does a General Banking Business Pay Interest on Savings and Term Deposits Fourth and Washington Streets OPEN SATURDAY EVENINGS, 6 TO 8 Member of Federal Reserve System II - DISPATCH RIDERS IN ARMY OF OCCUPATION MANIPULATED MONIES PlHpatch riders of the army of oe cupatlon In Germany became the forelg exchange experts of the American arm In the days after the armistice, when the front doors of several enemy coun tries were suddenly opened, according td the Home Sector, the ex-soldiers' maga tine conducted by the former editorial council of the Stars sand Stripes. The ex-noldiers' rnafcHSlne says: "From Its earliexl days, the army of oc cupation was a golden stamping ground for khakl-clad young men of Imaginative minds and Initial capital. Buck private bankers opened operations almost before the Rhine bridges ceased rumbling with the first American artillery crossing, and one day In Pecember less than a monthx after the armistice glittering stories oj suddenly acquired wealth were afloat ln Cobleng. Hy rapid footwork Ingenious soldiers were turning one mark into two, "The dlapatch riders who traveled back and forth between Met and Nancy on the one side, and Trier. Coblens andt Luxembourg on the other, were re sponsible for the first speculative ex change flurry. "These men discovered that In Luxem bourg 100 marks was equivalent to 125, francs, whereas In Nancy, 145 mark were required tn exchange for 100 franca. "The dispatch riders would take 509 francs to Nancy and get In exchange) 626 marks. They would go to Luxem bourg, where they vfould exchange the 625 marks for 750 francs. Then, going to Melz. they would receive 1000 marks for their 750 francs. In spite of regula tions intended to discourage the traffia in francs and marks by American sol diers, the trade persisted." ! FOREIGN EXCHANGE RATES I Corrected dally by foreign department of tts I'm ted Mtate National bank. Opening; nominal rates for hank transaction!: DratU Cable Par cheque London Pound stcrlin- 8 8.4 0 Tarie Frne. . 13 73 Hamburg-Berlin Mrk 1 OH tienoa Lire ... 17 97 Copenhagen Kroner M.5 Stockholm Kroner .... 17.40 Christlania Krontr .... 18.75 Honskmig Locl tranalvrt. 8 3 41 13.71 L10 17 95 14 95 17.50 18.85 Kale. I 4.8 614 6.18 29 28 82 5.18.;'9 26.80 26 80 26 80 48.34 curr. ncy Yokohama -Ten 114 00 48 00 04 50 48 16 LIBERTY BOND SALES High I.. Close. Liberty. Ss 9656 9000 oeoo Liberty. 1st 4 9070 9030 11040 Liberty 2d 4s 9050 lio.'lo 903(1 Liberty 1st 4s 9130 9108 II120 Liberty 2d 4 91"0 9o74 11076 LiLertv 3d 4 s 9812 929" 9'.'(2 liberty. 4th 4 9100 9094 901)9 Victory. 4 9776 7ll 11770 Victory. 3 9772 9770 97118 Minneapolis Flax Market Minneapolis, Feb 2111 N H. ) Flan seed No. 1. 8.'.. 1 1 ft 5. 1 6 ; April 33 0 1 1 5W6. Cotton Msrket Closed New Yi rk. F-b 21 1 1. N. 8 I - The cotton and cof'ce market were closed lily. DRAFTS