13
.-I.
PROSPECTS ARE BRIGHT FOR CROPS IN COLUMBIA RIVER VALLEY
DEVELOPMENT ERA IS PREDICTED
Edited by - -111
Hesslsa -
THE OREGON DAILY.: JOURNAL. PO RTLAND, MONDAY. MARCH !9. 1820.
IRE FIRMNESS
SHOWN IN EGGS
Local egg market hu , reached jits
lowest level this epring. according to
the opinion of many of the dealers. With
Saa Francisco and Seattle willing;? to
buy at tar in advance of the local price,
dealers we no hope of local market
declining further. In fact the price on
eg"gs waa advanced by torn 1 cent
per dozen. In view of orders on hand
from outlying points. Eggs will preb-4
ably not go into storage una year muctv i
.c Z tv- ik . , t,nn(tbi
Uiiuoi way aaauv a saw as-v v v s w
for by cold storage men will probably
not be reached this year, dealers de
clare. A drop In local butter market is an
ticipated within a few days.
Cheese market remains firm, with
Tillamook still as scarce as ever.
CAB STRAWBERRIES ABOUT DUE
Pint cr strawberrirs for thia season la now
rolling toward Portland and 1 due here about
the end of the wmk.
ADVANCE Il 8MOKEH . MEATS
Smoked meat took trimmer advance Monday.
Hunt are 0 noted from 28&89e; pk-nlea, S4 jj
28c; breakfast bacon. 88 & 52c. and cottage
roll. S2e.
Dllliy TgATRS flF PROBrCE TRADK
i Car mix ad vegetable arrived from California.
Chicken market isdy.
Dressed meat continue steady.
Onlona moving batter to local trade, but
Potato moving well at tha high (rices asked.
j .wiriUMU 1111 mnvmimm.
Western Sugar Refinery haa notified the
trade that they hare withdrawn from the
market- until April 1. aa the; have nothing
te tell. Thia really leaves the market without
a nrica on stuar. j -
WEATHER NOTICE FOR SHIPPERS
Weather bureau advises: Protect lhipmenta
tfurtng tha next 36 boura againat the following
areas; northaaat over 8.. P. A 8. R. R.. 82
degree : east to Baker. 28 degree, and aouth
to Ashland. 88 degrees. Minimum tempera
ture at Portland tomorrow about 42 degrees.
Tbaae
eieept aj
era price rrtgilen
otherwise nobwi :
pay wholesaler
Dairy Products
j -r BUTTER Selling price, bos lots: Creamery,
prima patch merit wrapped, 67c per lb.: prime
firsts, 86c lb.: firsts, 64$65e per lb ; amaller
lota at an advance. Jobbing price: Cube ex
tra, 84 He lb.; prime first. AS & 63 Mi c lb.
- BCTTERFAT Portland delivery basis, 70 9
Tie; country tatlorm, 68 0 690 lb.
- OI.EOM ARGAHIN E Bert brands. 40e: or
dinary. SB He: 'baker. 38e: Nutmargarlne, 1
lb. eartflna 82c lb.
C1IEEHE Helling price: Tillamook freab Ore
gon, fancy cream triplet. 85 0 8 Ho lb.: Young
America. 67 H SKc. Pricee to jobbers, f. o. b.
TUlaasook triplets. SHc; Toun America. 8 Ac.
Selling price: Cream, brick.. 40 42c. Selling
price: Block Bwia, 48 940c; limburier. 40 0
tile per lb.
EGrtS Buying price:" Current receipt, 85c;
candled, selling price. 888Bc: select, 40 0 41c
LIVE POULTRY Selling price: Heavy hem,
10 lb.; light hern, 843fa; spring light, 85
$40c lb.: heavy, 82c lb.; old roosters, 20c lb.;
squab, 18.00: dressed ducki, 460c lb;
pigenne, $1.50 to 2 00 per dozen; turkeyi. live.
eJ86o- lb.: dressed. 47 3 BOc per lb.: dressed
geeae, 80c IK
Fresh Vegetable and Fruit
PRE8H 'FRUIT Ortnm. 84.00 7.00 per
box; banana, 10 Vi I? lie par lb.; Umont, 15.50
SIIB per rrate: Florida grapelrult. o.0UW
7. 60: California. 88.76 4.23.
APPLES Various varieties, local. 81.60
.18.60. .
DRIED rRCIT Dates. Proroedarlet, 17.50:
Pards. 84.26 per box: ruins. 8 crown loose
Muscatel. 16e per lb.: figs. 88.60(3 9.60 box.
ONIONS Selling price to retailer. Oregon,
86.80 7.00 per owt. : association selling price,
carload. 86.00. f. o. b. country; garlic. 60c per
lb.; green onions, 40c per doaen bunches; onion
U, J 7 t I c per lb.
POTATOES-Selllng price, Oregon, fancy,
86.90 ( 7.00: Tekima. 67.00 7.28 cut; buy
ing price, fancy, large else, 86. 00 6 26 cwL;
rdinary, 84-76 $ 5.00 cental: sweats, 8 Ho
per in.
VEGETABLES Turnips. 88 50 per nek;
carrot. 81:76 par sack: beets. 84 60; cabbace.
California, 5H &e: lettuce, $6.00 te 8.25 crate;
eucumben. $2.0n8 ISO doaen; tomatoes, 11.50
04.00: egg plant, 85c lb.; cauliflower, $1.75(9
S.75; bell, peppers. 60c; spmuta, 17c lb.: par
ipe. ; 88.60 per sack; rutabagas, 63.80 () 8.78
4 . . 1 1 AO Am . - - a U. 1 V- IK .
artiohnkea, 81.40 1.50 doaen; aaparagua, 16 9
30e lb.
Meats and Provision
COtTTrTrST MEATS Selling price: Country
rest, 21 921 He lb. for top block en; heavy, 18
18o: beet veal. 24 0 24 Ho; heavy veal. 17 9
. 18c nr lb"
SMOKEO MEATS Ram, 2980o par lb.;
breakfast bacon, 88 60; pionlca, 24 0 25e;
cottage roil, 82e per lb.
IARD Kettle rendered. 27 He lb.; aUndard.
JSHe; tierce baaia compound, 26 He
Fish and Shellfish
FRESH PISH Salmon, fresh Chinook. 80c;
ftuaea salmon, 12 H ! 20n per lb. ; halibut, fresh,
( ): sturgeon. ( ); blsck cod, 10 lie lb.;
ailveT smelt, 10c lb : kippered taimon. $2.45
ster 10-lb basket: kippered cod, $2.35: o
himhia smelt, 82 00 2 26 par box; rasor olama,
$4.00 pee box.
SUGAR Nominal prices. refinery b:
Cuba, $17.00; powdered. $17.66; frnlt and
worry, $17 85; rellrrw, $16.40; granulated,
117.85: eitrs C, 816 80; gnldee 0. $18.50.
HONET New. $7.60 8.00 per ease.
RICK Japan style No. 1. 14 He: New
Orleans head, 1 ); Bine Rose, 18e per lb.
HALT Coarse, half ground. 100a. 117 25
per tea: 50s. $18.75; table dairy, 60. $27.25;
bales. $8.80 4.00; fsncy table and dairy,
86.60; lamp rock. $26.60 per ton.
BEANS Oregon (sales by jobber) : Lady
Washington. 7 H 9 80 per lb.: pink. 8c: lima.
16e: bayou, lOHc; Oregon beans, buying price,
aotninal, 6 H e per lb. s-
fllUUm lTT V IK OK. - -
85.75: Aster. $5.75; F.agl. $11.25: I.ibbv,
6.66: Mount Vernon. $5.76; Baaelwood. $6.75
per case
COfFEB Boasted, S7 3 51n in sacks or
drama
.SODA CRACKERS In bulk. 17 He per lb.
NUTS Walnuts, 86 & 40c per lb.: almonds.
8e; filberts. 82c In aack lots; peanuts, 15 0
ISe: neacan. 25c: Braiila. 30c.
Ropa. Paints, Oil
ROPE Sisal, dark. 18Ho; white. 20c lb.;
Standard Manila. 23 H c.
LINSEED Oik Raw, bbla., $2 06 gal: ket
tle boiled, bbl., $2.08: raw, cues. $2.21;
Boiled, cases. $2.23 per gallon.
OO Al. OIL Water whit, in drums or iraa
Mils., 18c gal.; oases, 24c gal.
GASOLINE Iron bbla.. 26c; cases. 25 Ho
'engine dietillste. iron bbis., 16c; cases, 26 He.
4 WHITE LEAD Ton lot. 15c; 500 Ibv.
15 HC Per lb.
TURPENTINE Tanks. $2.48; cases, Ult;
. IV case lota, ic lees.
WI&S NAILS Basic price, $5 16 -Hops,
Wool end Hide
HOPS) Nominal 1919 crop, 60c per lb.
HIDES Calves, 50 $ 60c; green bides. 17 9
lSe; eel tea. zue: npe. sue; green bull. IBe
seated bull, 17e.
6UEEP8KINS Shearling. 25 f 60c lb.;
long wool. 20c lb.: ihvrt wool, 25 ( BOc; green.
.ouas.oo eaen; m , ivhioo ib.
MOHAIR Long utpie. 40e lb.; short staple,
8880c per lb.
TALLOW AND GREASE No. 1 tallow. 12e;
ao. 'A. 10c: ro. 1 grease, Wc; No. 2 greaae.
. re per n
CHITTIM OR CASCARA BARS New peal.
lie per lb.
WOOL Valley half blood Marine and Shmp-
anir. ouc; lotswoid snd Lincoln. 40 40c;
saatted Cotswold. 80 085c; timber Uined. 6c
Per lb. leas; Umb wooL 4c per lb. Urn.
Eastern Oregon, Eastern Washing toe and
nufornta wool Merino and Shropshire. 85
40c; balf-btood Merino and Cotswold. 87
et Bhropshira, 87 45c; ColtaWold. end
Lincoln, gtiaight sod mixed, 32 3 35o; burry, 5c
par lb. less; lambs. 4c per lb. leas.
' ejraues, av v ssa
New York Metal Market
New Tort, Maroh 29. li. N. S. )
Quiet. ai arch and April. lSHetlSHs.
Lose ' Violet. - spot and March. SHe bid.
Spelter Firmer. Spot, 840 bid; March, 845
sna. apru, jaay- ana tfuaet o0Sj2H.
; stehs. Betes. Cwttes, Grata, Ete.
leir . Board sf Trade BaDdlsg.
Overbeck&CookeCo.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
t -leMei. Chicar Boar. ! Trade
Crrfea4eaU
I
loraa Bryaa
! Isik -
w-AUl
TMAlUCETl
BASKETJ
By Hrraaa H. Cobea
There is a general Incentive among
some of the larger wholesale) grocers
to push the sales of Alaska salmon and
despite the fact that this stock sells ai
materially lower values at wholesale
than the better grade fish, still efforts
are beinar mnjla f n have the tniblic ac
cept this as the best and mosf . costly
fiBh.
The sprlns; catch of Columbia river
salmon is the highest grade canned fish
that the markets secure. It therefore
commands the best price. Red salmon
comprises all grades. While the
called Alaska red or sock eye is of
brighter color than the canned Colum-
v, i i u
river chlnooka, the difference
is
slight, but there is a very big difference
in the taste.
The Columbia river Chinook sell
highest and tax tea best because It has
more oil in It than any other salmon.
Because, of the fact that they can
make far greater profits by pushing the
sale of the -Inferior Alaska fish, some
of the wholesalers are falsely spreading
the report that this is the best grade
packed. 1
The label on the can will tell. The
best grade canned salmon is the spring
pack Columbia river Chinook. The sec
ond best Is the Puget sound sockeye
The third grade Is the so-called Alaska
sockeye or red. Then there is the med
ium red, the pink and the chum men
tioned In point of excellence. The label
will tell what sort of salmon you are
buying:. There Is no need to pay a first
class price for a third grade tlsh.
The following price are average one that
emtsnmers are exneeted to nay retail S teres. Qual
ity noted ia the average, fancy atuff being
lightly higher and inferior atuff fractionally
lower.
Eggs Preah laid, 40 45c per doaen; fancy
fresh, 40c per doaen.
Cheese Fsncy, 40 g 46c per lb.
Chicken IHsssed, 456U per lb.; geese,
dressed. 45c per lb.; turkeys, 05 W 56c lb.
durkn. 60c uer 0).
.Salmon 25 45c per lb.; halibut, 25c
per lb.
Flour Beat local patent, $8.45 8.50 per
sack. 4 9 lbs.
Potatoes Burbanka. fancy. 7 0 80 lb. ; aweeta.
10 & 12 He per lb.
Onions Dried. 8 8 He per lb.
Increase Shown in
Wheat and Flour
Eeceipts for Year
NORTHWEST GRAIN RECEIPTS
Cars
Wheat Barley. Flour. Oata. Hay.
Portland. Monday. 57 . . . 12
Tear ago . . . N. 5 8 10
Season to date ..7415 19 8S9S
Tear ago 6755 041 2184
10
16
414 1763
616 2874
... 1
... 7
165 747
148 1092
1
2 8
628 1125
616 2867
Tienmi. Saturday
Year ago ....
6
28
3
Season to date. .
Tear ago . . .
Seattle, flaturdar
Year ago . . .
Season to date . .
Year ago . . .
6106
.4957
2
77 2664
82 ...
1 2
. 14 . . 3
.6877 288 669
.6061 71 1065
The forty-sixth weekly bulletin of the United
States Grain corporation covering wheat and
flour movements throughout tha United States
for the week ending March 19. in comparison
with the figures of the same period a year
ago. show a sharp Increase. The first figures
given in each case axe for 1920, and the second
figure for 1919:
Wheat receipts from farms. 8.606.000 bush
els. 2.38B.OOU bushels: wheat receipts from
farms previous week, 4.129,000 buahvia, 8,014,
00U bushel; wheat receipts from farms Jane 27
to March 19. 712.71M.0II0 bushels. 6t),06M.
000 bushels; flour produced during week, 1.H26.
000 barrels, 2,506.000 barrels; flour produced
during previous week. 1,911,1100 barren, 2.184,
000 barrels; flour produced June 27 to March
1U. 10S.681.00U barrets. H6.78.UOO barrels;
trial etooks wheat ail elevators and mills, 16V.
170,000 bushels, 189.807.000 bushel: total
stocks wheat ail elevators and mills previous
week. 174.066.000 bushels. 208.068.000 bash
els; change for week decrease, 4,690,000 buaheU,
18,281.000 bushels. .
Exports of Wheat and Flour Exports of
wheat and. near July 1, 1919. to March IB.
1020. arrnlbnt to 00.87S.OOO bushels of wbeat
and 12,426.000 barrels of floor, making s total
equal to 146,791.000 bushels of wheat, com
pered with 127.090.000 buatieU of wheat and
18.820.000 barrels of flour la-it year to March
19, 1919. Use first 19 days of March being
prorated from the monthly total, which make
a total 211,779.00 bushel of wbeat; last year
tc-tai flour exports include American relief ad
ministration and American expeditionary force
shipmenta.
KIH'R Selling price, new crop'. Patent
valley, $10.66; loeaal straight. $10.60; bakers'
local, $18.19; Montana spring wheat, patent,
$18.75; rye flour, $10.10; oatmeal, $18.00;
graham, $11.80. Prices for city deliveries in
five barrel lota.
HAT Buying price, new crop: Willamette
timothy, fancy, $26.00; Eastern Oregon-Washington
vetnli. $24.00 26.00; cheat. $17,000
20.00: straw, $ 10.00; clover, $27.00; grain.
$26.00; alfalfa, $29.00 s ton.
GRAIN BACKS Nominal: New crop delivery
No. 1 Calcutta, 17H18o in car iota; leas
amount higher.
MILL8TUFF8 Mill run at mills, smoked.
40.00
OATS Per ton. buying price: Feed. $68.00
08.80; milling, SSe.oo.
UAKLal Buying price: $70.00: milling.
72.50; rolled barley, telling price, $73.00
0 75.00 top.
Merchants enchant bids : ...
FEED OATS
March. A Dili
May.
6000
No. t white 6950 6960
BARLEY
no bids
CORN
No. 8 yellow
6350 6275
Eastern grain in bulk :
OATS
36 pound clipped 6800C 6860
38 pound clipped S850 6950
CORN
No. I yeUow 6700 0450
3900
6000
8860
STRENGTH 8HOW1T BCRING
OF OKAIX MART
Chicago, March 29. (1. N. 8.) There waa
a small trade In corn, which opened Vi Ha
higher on a lack of selling pressure and a litU
short covering.
Oata started steady to e higher, domi
nated by the strength in corn and with a very
small trsda.
Provisions opened a shad higher, with lim
ited of tortus and a eoattered commission house
demand.
It was s featureless market in corn futures
today with ths March delivery closing higher,
while the deferred futures were unchanged to
a fraction lower. March com closed 1 tt o
higher, whU the Mai and July closed un
changed. September was tt 0 Vi e lower. Trade
was light throughout.
- May oats oloaod tt tt c lower. July was
eff Vic, while the September waa e off.
Provision finished lower in sympathy with
com and oats.
Furnished by Overbed
Board of Trade building.
4 Cooke company,
COKN
Opes. High. Low. Close.
March 161 162 Vi 161 162
May 15644 16tt 155H 156
July 150 tt 151 149 tt 150 Vi
September .. 146 tt 147 Vi 143 tt 14S tt
OATS
May 88 tt 86 tt 86 86 tt
July 79ttx 79 tt 78 Vi 78 tt
Septra bar . . 69 tt 69 tt 68 tt 69
PORK
May S72S 3725 S850 3650
July 3735 8750 8660 S660
LARD
May . . . 2112 2115 2070 20A0
inly ....... 2192 2192 214T 2162
RIBS
May ... . 1915 1917 1880 1840
July 1965 1970 1930 1937
5w Tot Batter aad Enrs
New Tort. Marsh 2- (I. M. 8,) Better
Unsettled aad dull; creamery extra. 63 Vi 9 69e;
ao um, nejiie: ao nis-ner scoring. VBtt 4f
70c; ataiw dairy tuba. 43 0 Boa: renovated ex
tras offered. 63c; imitation creamery, 46 e 47s.
Eggs Firm; nearly White fancy offered. 0e:
do brown fancy. 64)68c; extra. 62 063a;
See rraaelseo Grata Market
San Francisen, March 29. IV. P.)- Bar-
'y opet leod, per eeetaj, SS.40 93.46'.
' 7f eve Tork-I.nndoe SUvar
Jfw Tork, Maroh 29 It N. S I
yerrtal bsr sUrer. fu He higher today st
Loadoav. Marab 19. (t. K. S.)
wiw awdawjl- f S Wj SJ
WASHINGTON
CROP
CONDITIONS GOOD
Favorable crop conditions for the com
ing season are reported along the lines
of the Spokane, Portland Seattle rail
road, Oregon Trunk railroad and Ore
pron Electric railroad, according; to a
digest of crop reports prepared by R. W.
Plckard. assistant general freight agent.
Reports from the mam line. Including
the Goldendals branch, are:
Vancouver It ia anticipated a normal pran
crop will be harvested thia seesnti. although tt 1
at this time too early 10 determine whether
or not the severe December weather degassed
ths trees. No other reports at una time.
Camas Crop conditions In territory tnira-
tarv to Camas look very favorable, aitnougn
nvnre rain la. naedad. UnaDIS U WB Brae w
report whether cold weather of last wintr bad
any bad effects. f
iioidendale urop conoiuona m wu
very promising. i.rmrn at np ana grower an-
ocipate gooa crops:
Roosevelt Country adjacent to Koosevelt In
gcod condition, yrein up and plenty of moisture
in the ground. The fanners looking for good
crone and have planted larger acreage man
last year. Thia condition saw prevails in
Atdrrdale and BickleUm dlstrtrt.
the
Plymouth tfarmere anticipate early
thia year. Alfalfa, wheat and rye up about
three Inches from ground. Moat farmer have
vegetables plants! and are getting soil in shape
to plant corn and cantaloupes. Although weath
er has been dry. heavy snows Last winter leit
an ample supply of moteture in soil. Only
fruit crop expected to apples, for it is feared
cold weather haa damaged other fruits to an
extent that oannot yet be determined.
Fall Wheat Up
Eennewtck Kail wheat looking good and
spring seeding will start in few days. No dam
ace reported from last winter's cold weather.
Pasco j-Wheat coming up and apparently not
sufficient damage done by last winter's cold
weather to require reseeding except in few small
patches. Hay crop looking good. Fruit trees
net far enough along to definitely state how
much damage done by severe weather. No
serious damage is anticipated.
dnake River Crops this locality took favor
able. Farmers optimistic if season not too dry
fiom now on.
Kahlotua Farmers complaining of winter
wheat bemg killed out in a great many places,
which will require reaevding. However, condi
tions very good, plenty of moisture and weather
favorable.
Macall Winter wheat reported to have been
damaged by severe weather and considerable re
seeding will be necessary. Nights frosty and
little spring work done ao far.
Lam on t Winter, wheat In fair shape, although
very little was planted account condition of
ground last fall. Spring very backward, weather
cold, ground dry. ram and sunshine needed, no
spang seeding done so far.
Spokane Cold frosty eights have been de
lating the farm work during the past week, the
griiund being frueen every morning. A few
taimera throughout the territory report seeding
completed and all expect to finish this month,
after which active work on summer allow will
tart. The ground is in very good condition, as
considerable rain fell during the past week.
Eighteen inches of snow throughout the moun
ts ins to the east of here was reported on Mon
day, the fifteenth. Ootuiderable winter wneax
will have to be reaeeded.
Oregon Trunk Railway
Crop conditions In Central Oregon are looking
good. Recent mows have provided ample
r.oiatnre and growers ad rise that if no unfavor
able weather oonditions encountered later in tile
season a good crop ia assured. Crops look better
than Usual at tfiit season of the year. The
ground is also In better shape for spring seed
ing and plowing, which is progressing nicely.
Oregon Electric Railway
Recent rains very beneficial to grain crops
in Willamette valley. Fail sawn grain coming
along nicely and spring crops look good. Prunes,
apples, Pfaichea and chernee in river bottoms
it ia feared will be somewhat damaged by De
cember freeze, but no damage anticipated on
rplands. . Loganberries probably damaged about
10 per cent.
Fruit Prospects
Favorable in Lane
Eugene. Maroh 29. Fruit proapecta In Lane
county were never better at this time of year
than now. This is ths opinion of C K. Btewsrt,
county i run inspector, ana wiiiism Steele, aep
rty inspector, ai Lex visaing all parts of the
county the paat week. All that is needed tl
normal weather conditions, they say, to pro
duce a bumper crop, excepting -ngl'h wal
nuts, of which there will be none. This crop
estimate is due to the large new acreage coming
ia this year. Pear trews, that were thought
early uf the year to be YUled, are showing most
favorably, and the same may be. said of cherries,
the inspectors say. Loganberries and evergreens
were badly damaged, and only vines under tha
snow survived the December freeze. However,
two of the largest loganbrry tracts in the county
escaped without damage.
AMERICA?.- LIYESTOCK PBICES
Chicago Hogs $16.00
Chicago. March 29. (I. N. 8) Hogs
Receipts, 2000; 25 50c higher. Bnlk.
$14.66016.50: too. tlS.00: haan woi.h.
$14.10 15.25; medium weight, 314.800
16.00; light weight. 315 40 f 16.00: liiht
lights, $15.20 15.75; heavy packing sows,
smooth, $13.15 1 18.75; packing sows, rough.
3i2. HO 18.16: pigs, J18.75 g 15.50.
Cattle Receipt. 1500; beef steers higher.
Bnlis and some stockea - and feeders lower.
Shipping division being closed; trad too erratic
lor detailed Quotations.
Sheep Receipts. 8000: most receiDts direct:
one load shorn lambs, $18.25; not enough sales
to quots. -,
Omaha Hoge S1S.S0
Omaha. Marcb 29. (L N. H I Dm Be.
eetpta, 14,000; steady to 26o higher. Bulk.
$13. 75 (16.00; top, $15.50.
Cattle Keceipta. 8500: killing classes
strong to 25c higher.
Sheen KeceiDt. 9300: 30c hisher. Ton
lambs. $20.25.
Kansas City Hoes $1B 40
Kansas Oty. March 29. (L N. S.) Cat tie
Receipts 13.600, generally steady. Steers.
glr.OO 11.40; cows end heifen, $8.00 12.60;
stocker. and feeders. $6.0012.00; calves,
$8.00 16.00.
Hogs Receipts 17.000, generally steady. Top,,
$15.40: bulk, $14.00 15.25; heavies, $14.00
15.00; mediums. $14.75 15.85; lights,
$15. OOlg 15.40; pigs, 13.00 L5.75.
Sheep Receipts 8000, active to higher
Lambs, $19.50 20.15? ewee, $14. 0U 15.00;
wethen, $14.50 14.75.
Denver Hogs $16.00
Denver. Colo., March 29. (U. P.) Cattle
Receipts 2700; 15c higher. Steers, $10.00
12.09; cow and heifers. $3.25 10.75;
Mockers and feeders, $8.00 11.60; calves,
$15.00 17.60.
Hogs Receipts 1400; 25c higher. Top,
$15.90; bulk. 318.90 15.10.
Sheep Receipts 1400; strong. Lambs.
$17.60 919.00; ewes. $12.00 18.00.
westtls Hogg $18.75
Seattle. Maroh 29. (L N. 8.) Hoe Re
oetpts, 72: stronger. Prim lights, 316.23
16.75;. medium to ohoase, 316.25 916.25;
roorb besTles, $14.25 14.75; piga, $13 00 9
13.50.
Cattle Reoeipta. 105: steady. Beat steers.
$11.25911.33; medium to chofoe, S9.00
10.76; common Xo good, $6.75 9 9.00; beat
oows snd heifen. $9.75 910.25; common to
good ouws. $0.66(8 9.25; bulla. $7 00 (ft 8.26;
oalreH. 37.00 ( 15.00.
Sheep None.
DAIRY
PRODUCE OF THE COAST
SwMttlff) WwalHlwyl
Seattle. March 29. (U. P.I Batter Conn
try creamery, cubes, 62o: bricks, 63c
Eggs Fresh ranch. 38 940c; pulleta. 34
35cper doeen.
Cheese Oregon triplets. 32c; Washington
triplets. 28c
Raw milk Per ewt.. $2.60.
Son Srmnolso Marie et
Ban Franciwo, March 29. (U. P.) Battar
Kxtns, 58 Vie; prime firsts, 58c
Lggt Extras. 46c; first, 42c; extra pullets,
40c' underused pullets, SB Vie.
Cheese California flats, fancy. 88 He; firsts.
27c.
Lee Aneete llartst
Loa Angeles, March 28. (L N. 8.) Butter
California creamery extaa, 69c
Kggs Preah extras, 89c; case count, 87c;
pullets, 20o.
Live poultry Hens, 86940c; broilers. 40 9
44e; fry an, 40c
POTATOES AL05G THE COAST
San rrena laoe Market
Ssa Francisco. March 29. (D. P.) Pota-
temm River Whit. $6.309 7.00; Salinas.
aweeta. 3 tt 9 6c
Onion Tellow aad - white, Australian
brown. $5.75 6 00.
SwatUe Mariet
Seattle. March 29. (U. P.) Potatoes Per
ton. Takima, best Ketted Gem,' $185: local,
$11$ 9 120.
tea Angelas. March 9. (L X. 8.f Pota
toes, new stock Stockton B urban Its. faney. $7.25
9 7-75: Mauw Basset. 37.259 7.43; iocal
hat ksana, S2.vv0X.3e. - '
RREGULAR TONE
IN STOCK MARKET
New York, mure tt. (I. N. .) The
market dosed weak today. Heavy asMIng
oame Into the market trhen the eell money rets
roe te 12 per sent. Baldwin leemettfe yleid-
ed 4 point U 1S1 Nearly all the ether
active Issues war In supatlr a eeeiines e from
ene te three point. Pan-American etroletim
tlalded ever four point to 100 '4. Industrial
Alcohol from a high ef ' yielded te ',.
OeuolW dressed 9 paint rom the high te SSS
and General Motera te S70. Southern Padfla
wee finally V; Atlantic Oulf 166; Marine
preferred S3 V, ; SUidebaker 105 V and A mar
lean Mfoolen 1St.
alee SS2.100 share; bonds, 6,1 84.000.
Oerernment bends unchanged; railway and
ether bene steady.
New York. March 29. (U. P.) Prices
of practically all leading issues were
higher at the stock market opening to
day. United States Steel opened at
105H, up ; International Paper 85,
up Pan-American Petroleum. 104 v.
up Vt ; U. R. Stores 80, off ; Bethle
hem B. 97, up ; Anaconda 64, off :
Baldwin 1354. off ; Chandler 160,
up S ; Republic 109ft, up 4 ; Reading
86Vi, up ; White Motor 68. up 1.
Bear pressure was exerted against moat of the
favorites shortly after the opening and specu
lative leader declined from 1 to T points before
the end of the first half hour. The extreme de
cline waa in General Motors, which sold at 870.
Some stock stood up well tinder the pressure.
including Sinclair. V. S. Realty. .Chandler and
American Car t Foundry. Chandler made a
new record high at 162.
Around noon the market steadied and United
States Steel advanced easily to 108 H. Tele
graph wire leading out of tha Chicago district
were nearly all down as a result of the tornado.
Tills meant that there waa practically no busi
ness coming into commission houses from the
middle west.
After an early reaction to 800, Btutg made a
new high record at 882. Action or Crucible
early in the day waa deceiving. The stock was
made to look heavy and traders decided to sell.
The pool took all this stock and auddenly with
drew all offers. The stock jumped 14 point to
225 ft. The stock will sell ex-dividend 50 per
cent in stock as wall as 13 in cash in about two
weeks.
rurnishrd by Overhrck 4k
of Trade building: -
Cooke Co.. Been.
KHCHIPTIOV: I Open I High I ?-"W I Clo
Alii Chalmers .... 44
Alloy Steel 50
Am. Agr. Chem.
Am. Beet Sugar. . . 88
Am. Can, c 40 Vi
Am. Car Frdy 148
Am. Cotton Oil. . . . L
Am Hide A U, a. 2TH
do pfd ,117 t.
Am. Intl. Corp.. .1021
Am. Loco., c 104
Am. Ship A Com. . 2 A
Am. Smelter, c. . . . 69 hi
Am. Steel Fdry 47Vk
Am. Sugar, c 180
44 VI 43 V
50 4 b
I
89 HI 88
4IH 4SV4
14141V.
"2TtI'2t"
117H ,117
108 1100 V.
43
4T
89 H
88'
4HV
142
47
7
117 H
100
103 Vi
106
103
26
69 14
4H
24 ,
68
24 Vi
68
47H
47V4
132jl80
130
Am. Kuma rs Too. . iuz
Am. Tel- A TeL...i 97
Am. Tobacco I
Am. Tob. Securities) 66 Vi
Am. Woolen, c ...183
1U2VI 00
7 07
9
96 Te
260
67 I 64 H
134HiaiVa
4.3 48
li 19 Vi
64 Hi 6SV4
88 Vi l 82 Vi
64
131
48
19 "4
63 H
1 Vi
185
1314
85
95 Vi
119
16 Vi
Am. Writ Ppr, pfd 4S
Am. Zinc
10 Vi
Ajiaoonda M. Go. . .
Atchison, o
AtL Gulf a W. L.
Baldwin Loco., e.. .
Hart A Ohio. o. . . .
64
83 Vi
169 lTi U5
18ft Vi135 fcil. 1 !4
Bethlehem Rteefi B. 87 I 07 98 Vi
Boaoli Magneto jMU 124 11
Brooklyn K. T. . . 15 V4 I 16 Vi 1 5 H
Butte A Sup. 1 28V4I 28Vi 27 Vi
27 Vi
CsL Packers' An.. 81! il bih m
Cel. Pet, c
Canadian Pacific
Central Leather.
Cerro de Paco ,
Chandler Motors
Clies. A "Ohio
Chgo. Ot. West.,
do pfd.
C M. t St. P.
C. tt N.-W. . .
Chllo Copper . .
..I 3Hl e "'il "
128 Vi 1123 Vi UTS H 1122
c 87 HI 87 Vi 86 Vil 86 H
. .1 56 Vk 66 H I 66 Vij 46 Vi
. .16'l 184 1, 1158 H 157 V4
. . 57 67 1 66 I 66 H
c. I I I
. .1 26H 25Vi 26 26
. .. 38 Vi -38 V 87 Vil 88 Vi
,..187187 86 86
,. 10 I 10'il 18 I8H
Cl ino Copper
87 H of H I e I so
Columbia O. & K-. 68 64 Vi 62 63 tt
Colo. Fuel Jr. Iron. 8 Vi I 80 Vi i 89 I 89
Cons. Oaa. 8 811 80 8ii
-j Corn
Products. c. 98tt 93kl ltt ltt
Crucible Steel, e, . 1245 Vi 1261 141 162
Uoi. Orsnhoobone . . I 31 Vil Slttl 4Vil 50
Cuban Cane Sugar. 4tftt 60 tt I 48ttl
49
7i
13 Vi
14
87 tt
16 tt
Dtn. 1L O.. c. .
d pfd.
18 tt
18 Vi
13 Vi
'87,
13 Vi
68 Vi
F.rle. c.
KUk Tire
Gaston William
General Cigar .
General Electric
General Motors .
Goodrich Rubber
Granby Cons. . .
87 tt
15V4
69
37 tt
15 tt
69
68
159V4
160
158tt158
877
378 tt
369
369
69 tt
49 Vi
89 tt
81 tt
71tt
49 tt
89 tt
81 tt
69 tt
49
89
81 tt
70
48 tt
39
81 Vi
84
67
60
00 tt
98 tt
59
83
Gt Northern Ore
Gt. Northern Ry. . .
Greene Cananea . .
GnU States Steel . .
Ice Securities . . .
Illinois Central ...
Industrial Alcohol. .
Inspiration Copper..
Int. Paper
Int. Harvester
69 Vi
70
68
90
96 Vi
60
85
90 Vi
98 tt
60 tt
85
90
93 Vi
59 tt
83 tt
128
128 tt
126tt
126 tt
36
93 Vi
24 .
17
Int. Mer. Marine, c.
87tt
98
24 tt
87 H
98 tt
24 tt
ffBtt
93
24 tt
do. pfd. .....
Int. Nickel
K. C Southern, e.
Kelly Springfield .
Kennecott Copper
Keystone Tire
Lackawanna Steel.
136 H
136tt
133 tt
jl33Vi
32 Vi
87 tt
79
83
32S
S8Vi
80
85 tt
Sltt
88
78
83
Sltt
86tt
77 Vi
84 tt
44
86
Laskey F. Playerel
Lehigh Valley . . .
Maxwell Motors, c.
M ex. Petroleum . . .
aiiami Copper
Mid vale Steel
Missouri Pacific, c.
do pfd. .
Nat. Enamel
202
203 Vi
196 tt
23
47 tt
28 tt
'is' '
'is'vi
84 Vi
196
24
24
47
29
78' '
' 15tt
84 tt
75' '
23
46
28
44 Vi
78
82
15 Vi
84 tt
107
74 tt
79
96
6tt
44 Vi
100
42
38
68 tt
18 tt
61
10O
120
19
47 tt
29
is'
National Lead. . . .
Nevada Conaol.
New Haven
N. T. Air Brake.
. 15 S
84 tt
N. Y. Central
75
80
" 'B tt
44tt
104 tt
42 tt
71 tt
18 tt
74 tt
Northern Fae. . . .
80
' '6tt
46
104 tt
42 tt
"ii tt
18 tt
79 tt
' 'fi tt
44 Vi
Norfolk A W
Okla. Ref. and Prod
Ohio Cities Gas..
Pan Am. Pete, c . .
99tt
42 tt
Pennnylvania By . .
Peoples Gas
nerce-Axrow ....
68 Vi
Pierce Oil
Pittsburg CoaL c . .
Pressed Steel Car. c
Pullman
Ray Con. Copper .
18 tt
120 tt
19 tt
98
86 tt
105 tt
120 tt
20
99
86tt
105 tt
120
19 tt
Ky. Steel Spring .
98
97
85 tt
Reading, c.
86 tt
Royal Outcb
105 tt
103
Rep. 1. si S-, C . .
Retail Stores . . .
.10Vi
. 80
. 86 tt
Vis''
.1 76tt
. lOOtt
-i 23 V.
.1 92
.107
.,315
I 22Vi
-I lltt
109 tt 1165 Vi
105
80 tt
S7tt
7tt
sett
77
36 W
lltt
44
74
99
2Stt
85
106
Rock Island, c. . .
S hattuck Copper . .
Sinclair Cons
ie"'
76 tt
101 tt
23 tt
94
108 tt
831
44
74
99 tt
23 tt
89 Vi
105 Vi
Sloes Sheffield...
Southern Pacific. .
Southern By., c. .
Stromberg Motor.
SUidebaker, s ...
Sluts Motors
St L. ,AV 8. f
300
830
22 tt
22 tt
22
11
Tenn. Copper
12Vi lltt
Texas Ou
Taxas Pacific
213
216
209
209
44
74
254
120 Vi
48 tt
72 tt
25 Vi
119tt
48
78
23
119
66
Tobacco Prodncta. .
74 tt
26
121
Trans. Oil
Union Pacific, c . . .
do. pfd.
Union Oil of Dei. . 84 I 84 tt
34
64 tt
. 84
64
198
V. F. Products... i 64 V 64 Vi
Cmted rTult I200 1208
U. 8. Rubber, e. .. . llltt 118tt110V
U. S. Smelt. t Ref. 72 Vi 72 Vi 71 Vi
C. A. Steel, c 105 tt 105 tt 103 Vi
do pfd . . .
Utah Copper 78 78 77 tt
Vanadium Steel ... 67 tt 68 tt 66 tt
Vir. Chem.. c 74 74 74
Wabash 4p8tt 9 tt
Wabash, A 28 tt 28 tt 27 34
Western Union
W eat house Electric 84 tt 54 tt 53 tt
White Motors 68 tt 69 tt 66 tt
WUlvs-Overisnd ... 24tt 24 24
Woolworth 122 tt 122 tt 132
Worthington Pump. 82 88 82 tt
LlOtt
71
103
112
77
66
73
, 9
2T
87
88
7
24
122
79
Total sale for the day were 882.100 shares
with bond sales of $9,184,000.
Ex. div., per cent.
New Tork Sagar and Coffee
New Tork, Mareh 29. (I!. F.) (JofTee
Si 7 Bio. 81S.OO; . 4 Santos, $2 4. (HI e
24.60.
Soger ataady. Ka-w. $1J.0 13.79; re
fined, steady; grsanlateri. $14,00 414-80.
HOOD RIVER
NEWTOWN APPLES
CI OK PE& box
pl.aW WHILE THE! 1AST
APPLE HOUSE
Hi a fit Near Wagk-Fkoae Mala 47$$
won
MARKET STEADY
PORTLAND LIVESTOCK BUN
Cars
Bog. Cattle. Calves. Sheep.
Monday .... 844 1731 208 2424
Week ago . .V 10S7 1998 197 - 44S
Two weeks ago 1476 18 81 808
Four weeks ego 1 1 90 686 181 18S0
Tear ago ... 3418 1102 AS 1481
Two years ago 91T 1362 45 10
Three year ago 1422 1008 - 14 484
Four years ago 2984 942 2
Slowness marked the opening; of the
North Portland cattle market on Mon
day and, with the exception of one load
of extra fancy steers which sold for
$12.25, tne market In reneral showed
eigne of dragging- Total week-end run
In all lines was 89 cars.
Hog market waa steady at Saturday'! closing
prices, but sale for the morning were light.
Keceipts were also light aa compared wim
previous Mondays.
Oeneral hog range:
Prime mixed S16-00 16. B0
Medium miied 1T).80 16.50
Bough heavies 12 0616 25
Pigs . 11.00(815.00
Oattls Market Slew
Slowness marked the selling on the cattle
market. Prices remained unchanged, Keceipts
were np tp ths usual Monday standard.
General cattle range:
Beet grain pulp steers 81 1-00 11.86
Choice steers 10.601100
Good to choice steers ........ 9.50 $10.50
Medium to good steers 8.75 9.75
Fair to go) steer 7.25$ 8 25
Common to fair steers 6.25 7.25
Choice cows and heifers 9.00lO.00
Good to choice cows and heifers 8 00 8 00
Medium to good cows and heifers 6 50 Q 7 80
Fair to medium cow and hellers 6.60$ 6.50
Canners : . 3 00 5.50
Bulls 6.001 8.00
Best light calves 18.00 & 17.00
Medium calve 10.00 14.00
Heavy calve 7.00 10.00
Blockers and feeders 8.00 8.50
Sheep Market Steady
Sheep market was steady at the opening.
Receipts over the weak end were Quite liberal,
24 24 head arriving. Thia is ail times the
number arriving a week ago.
Ueneral sheep and lamb range:
East of mountain lambs $16.50 0 17.50
Best light valley lambs 1(1.25 W 16.50
Best heavy valley lambs 14 23 IS 25
Common to medium valley lamb 1 1.00 16.50
Xearlings 14.50 15.25
Monday Morning Sates
8TEEKM ;
No. At. I As. Price. No. At. Lbs. Price.
8 908 $ 9.73 I 17 8T3, $ .
14. ...1125 0.85 28 1031) 10.60
22.... 875 0.66 26.... 1175 10 60
26.... 1150 10.25 25 1220 10.75
cows
1
23
25
, 960
.1020
. 960
.1180
. 945
9.00
9.10
1 .
1.
25.
10.
. 930
. HU0
. 975
. 10t2
6.00
8.00
8.75
9.73
8 75
8.73
8.50
BULLS
1843 f 7.00
- MOOS
1 . . . . 860 S14.25 I 4
1.... 191 16 86 j e
217
130
(16.2S
13.73
Yakima Wool Clip
Sells for 45 Cents
Yakima. Wash., Marcb 29. The first wore
clips of the 192l season were sold here hut
week at pricee ranging from 40c to 4 3c. Jake
SchueriLan purchased on joint account with H.
N. Sun field small clips amounting to 60,000
pounds a a range of 4(o to 42c a pound. The
grade is medium three-eightns. Tom Smith
sold hi clip of 1U0.000 pounds to the Cnm
m ins-Pierce compiny of Boston for 4 5c a pound.
This is wool of a finer grade, and the market
is reported strong on the fine grades, with no
demand for coarse wools. The mala shearing
of range bands is just beginning, and represen
tatives of several of the big jobbing houses are
gathering here to make purchases.
Strike Cuts Down
Livestock Receipts
Clitcifo. March 29. (1. N. 8.) Because of
the strike of 1800 member of the Livestock
handlers' union here, there were meager live
stock receipts St Chicago stockyards today.
Hundreds of cases of stock were diverted to
other markets during the night. Nearly all
of the big packers practically stopped slaugb
tering at their plants.
Instead of the 19,000 cattle which should
have arrived at the yards today, only 1500
came in. Hog receipts fall from the expected
46.000 tc 2000, while only 8000 of ths 16,000
sheep scheduled arrived.
COTTON MARKET OPENED
FIRM ADVANCE SHOWN
New Tork, March 20. (L N. 8.) The cot
ton market opened firm today at an advaaee
of 2 to 23 points and later ruled strong on a
genera demand promoted by the storm reports
frr.nj the Central and Eastern ootton belt.
IdBerpool was a buyer of tna near mouuia, and
the Booth and v Urleea jmrchased the dis
tant positions.
Spot cotton was steady and unchanged to
day at 41 Mc. No sales.
Tb close wac steady at a set advance of
IS to 17 point.
PACIFIC COAST BANK STATEMENT
Portland Sankt
This Week. Tsar Ago.
$ 6.774.800.44 $ 6.076. 637.20
Spokane Banks
Clearings Monday $
2.2HS.853.00
1.OS8.869.00
1.075.211.58
287.598 52
6.9S0.888.S8
fcalancee Monday
Taooma Bank
Clearings Monday $
Ealenra Monday
SeeUls Banks
Clearings Monday $
I'slances Monday
1,000,712.7
Ban Francisco Bank
Clearing! Monday $24,681,488.00
Loa Angaria Stank
Clearings Monday Sll.S2Z.Slw.00
Money as1 Exchange
New Tork. Maroh 20. (I. N. S.) Call'
money oil the floor of the New Tork Stock
Exchange today ruled at 8 per cent, high 12
per cent, low 8 per cent. Time money waa
steady. Bates were: 60 days, 808H per
cent.
The market for prime mercantile paper waa
strong.
Call money is London today waa 4 V per
cent.
Starling exchangs " was steady with business
in bankers' bills at $1.88 for demand.
Chicago Dairy Prod see
Chicago, Marcb 29. (L N. S.) Butter
Receipts 8482 tabs. Creamery extra, 04 He:
standard, 68 H ee; firsts, 58 0 68 second.
50$ 62c; packing rtook , 80c.
Eggs Receipt 22,914 cases. Misr-eDaneotii
receipts 42 48c: ordinary first. 40HQ41ttc:
firsts, 4Hr; checks. 87 (g 88a; dirties. 41c.
Cheese Twins, new. 28 028 He; Daisies. 29
80c; Young Americas, (0 Vi 81c; Long horns.
SOSSOttc; brick, 27 V. 0 28c;
Live poultry Turkeys. 40c: chickens, 42c;
springs, 89c: roosters, 26c; stags, 34c; geese,
tie; ducks, 88e.
Potatoes Becelpta 44 ears. Minnesota aad
Dakota Ohioa $6.00 0 6.10.
Liverpool Cottes Market
Lsverpoot, March 30. (L N. 8.)
opened In limited demand. Prices as star.
4t'00 bales.
Bales,
American mid. fair. 88 24 ; coed mid., 80.24 ;
full mid., 20.84: mid.. 28.C4; low mid., 34.S4;
good ord.. 21.74; ord., 20.74; future opeaad
QUietr
Fnrelga Exrhaare Unsettled
New Tork. March 20. ID. P.) Ths for
eign exchange market opened unsettled today
with demand aterilng at 88. 81 H, , off Se; franc
eheeks, 14.32, all 35 nan times; rrnrksj-rlirmanil
$0.01 $4; lire, demand 10.82, and Oanadiaa
dollars, $0.8189.
Liberty Bend Rales
(Famished by Ovarbeck A Cooke Co.)
Opea. Close
SHe ...................... 9718
1st, 4s eose
2d 4 8940
1st 4 e 9A0
2d 4 Via . 8e
8d 4Va 9278
4th 4 Via fiT
Victory! 4 Ss 9750
Victory 8 fa 976
718
S040
e$s
9060
8080
9283
8976
97(0
9780
MlsseapoUs Flax Market
: Mmaveapolil, Marcb 29 il y SJ Hu
saeaV tve. I. $4.81 46, . - -
;trial
AMIES STRIKE
PRE-WAR SIDE
By Broadtan Wall
New York, March 21. Public an
nouncement of the shipment of
4,000,000 British gold pounds to
N e w York combined with the
secret chipments of a larger
amount than that to Canada last
week will make a material differ
ence in the credit situation oTpie
United States. This is coming to
take up purchases of Anglo-French
bonds that have been made in the
open market for the account of the
British and French governments.
These bonds are not due until Oc
tober, but It has been found good
business to purchase them now.
Probably by the time they mature
there will )e but a small amount
left to take care of. The British
government is forehanded in this
aa It is in everything it does inter
nationally. The spirit of the optimist ia develop
ing rapidly in America and only the re
pressive attitude of the government has
kept it from making; a great exhibition.
The American people are beginning to
think of developing business at home,
before the war less than 10 per cent of
our business was with foreigners. Dur
ing the war most of our business was
abroad. The home bustness was neg
lected. It wonld be a serious mistake
for America to become entirely self cen
tered, but It would certainly cause s
temporary boom if the American people
were to devote all their energy for a
year or so to the relaxation and build
ing of home Industries.
hTOCK MARKET BOOMING
That is Why the stock market is
booming. Things are desperate abroad
and trouble may come sooner or later
at . home, but such astonishing; thing's
hare happened in the last five years that
good American cltisene are willing to
go ahead ""with their program of devel
opment at home, trusting largely to for
tune for the outcome.
They will omit no proper opportunity
for doing buslnees abroad, but demor
alization abroad compels Americans to
abandon thoughts of doing foreign busi
ness for several months, at least
AUTO IWDP8THIES STARTING
The automobile industries as readers
of this column have often been informed,
are Just getting started. The high price
of gas will not Interfere materially with
tne development custom, because alco
hol is becoming cheaper to maice every
iv. and the country is overflowing with
raw material for the manuiacture oi
alcohol. The oil barons do not control
the automobile situation.
Copper ia coming into Its own again,
and the outlook for the next five years
is unusually bright. Bllllone of horse
power Is going to waste in the United
States in the shape of mountain tor
rents, and this le going to be developed
eo rapidly that there will be need of the
copper.
TVaval Stores Market
New Tork. March 29. (L N. 81 Turpen
tine savannah. $2.21: New fork
$2.40.
Rosin Savannah, S1S.1U
New York. $18.00.
Your chance is
NOW
Tou have watched sterling
climb from ths low point of
$3.19 to $4.02. Canadian ex
change has come up from 12
to nearly 95.
The time of bargain oppor
tunity in the U. S. dollar pay
ment bonds of the best cities
of Canada will soon be his
tory. We bought a large block of
City of Edmonton V4-year
sold 6V48, all of which we
have sold to yield 7. We
have closed our option on an
additional $100.000 all pur-
chased during the low period
In exchange. 8ubject to prior
sale we offer you the advan
tage of our low purchase
price.
to yield
Tax exempt In Caaada
Wire orders "colleef
FREEMAN
Smith a
sices rie"
onmirtiia asag Bias.
CAMP CO.
FA.CT8 XO. $14
Utility of the
Motor Truck
Visualization of the utility
of the motor truck is one of
the best arguments for better
roads, for it is on food roads
that the motor truck can do
its best work, winter and
summer. It is the salvation
of the farmer because it
brings him in constant touch
with the market, and the
farmer is now-, insisting that
the roads be paved with
-ITABfcEar BBOTJUtM CO-
BITUL TH C
Capital Stock of
Lumber Company Is
Increased $250,000
... '
Salem, Or., March 29. The capital
stock of the Henry Davis Lumber com
pany, Portland, has been Increased from
1260,000 to $500,000, according to a cer-
tificate filed with the corporation com
missioner's office here Saturday. An
other, certificate filed Saturday shows
an Increase in the capital stock of the
Consumers Cooperative association of
Astoria from $4000 to ,10,000.
Articles of Incorporation were filed
Saturday as follows:
Forest Products company, Portland,
$15,000; Claude McCulloch. Joseph B.
Knapp, R. La. Rankin and Joseph Kann.
Grant County Hospital association.
Prairie City, $4000; V. C. Belknap and
25 others.
$10,000,000 Comes
In Gold' Bullion to
Aid Exchange Kates
New York, March 29. The Red Star
Line steamship Lapland arrived here
last night with $10,000,000 in gold bullion
from Europe. The bullion will
help the sterling exchange rate in
the United States and will cover the
enormous exports of fehls country to
England.
Not even the officers of the vessel
knew the bullion was on board until they
n eared New Tork.
One of the passengers on the Lapland
was Charles A. Toraqulst, finance min
ister of Argentina. whfV was abroad ne-
eotiatine: the new Argentine loan of
5200.000.000 to tha alllt s to cover allied
imoorU of meat and grain for that
country.
Klamath Bank Increases Capital
At a recent meeting df stockholders of
the Klamath State bank It was unani
mously agreed on a substantial Increase
of Its capital stock and surplus. The
Increase will throw the bank into the
$200,000 class, and will, enable it to bet
ter meet the financial needa of the
rapidly developing territory which it
serves.
FOREIGN EXCHANGE RATES
Correrted daily by foreign departnent ef tha
rjniud States National barU.
Ovarii ua nominal rates for bank transactions :
Drafts ' -Csble Par
cheque. transfers. rites.
Londmi Pound
starling 91 W. S.93 $ 4.88.85
Paris Fnnn 14.62 14.60 5.18.26
Hamtmrg Berlin
Marks ... 184 IM 28.82
Oenos Ura 19.92 16.90 - 1.18.20
Copenhagen J
Kroner ... 18.40 ' 18.SS 28.80
Chriatiania
Kroner .. 19.06 ! 10.20 S6.86
Stockholm , S
Kroner .. 21. CO 21. ( 26.80
Hongkons Local
Currency . 9T.T6 : 18.26
Yokohama
Ten 48.00 -48.20 48 84
FREE FROM ALL DOMINION
I.IKKr ecalfary. City of. School..
14.00tr Calj-ary, city of. School..
1.000 "Calvary, City of. School..
$,000 Caltary. City of, School..
4,000 Edmonton, City of ,
1,000 'Fori William, City of..,..
8,000 Lethbridge, City of
$.000 Lethbridge. City of
4.000 'Medicine Hat, City of...
5,000 Medlcine Hat, City of...
80.000 'Moose Jaw, City of
23.500 t North Vancouver
2,000 Point Orey,' B. C
2,000 Point Orey. B. C.
1.000 Polt Orey, B. C
2.000 Pott Grey, B. C
2,000 'Point Orey, B. C.
3,000 Point Orey, B. C
$,000 "Point Orey, B. C. ......
3,000 "Point Orey, B. C;
21.000 Reglna, City of
$.000 Sasitatoon, City of
14.000 at. Boniface, City of
63,600 St. Boniface, City of
2.000 'St. Boniface, City of....
Denotes: bonda of $1000
$486.66. tlenotes bonds of
PRICES: TO YIELD 7i
4
BurgUrjjsJKl Fire-proof Sal Deposit Boies for Rent
MORRIS BROTHERS, Inc.
THS mSMISR efUNIOiFAL BOeiD MOUSE- OArMTAL ONI MILLiON OOLLARS
Morris BuiLiing, 309-11 Stark tret. Bet. Fifth aad Sixth
Telephone: Broadway 2151 Established Over a Quarter Century
Our duty js to supply you with the kind of investment you
ought to have, not to push something on you that we want to
get rid of. '"Salesmanship"' should take second place in true
service in thi business of the investment banker.
"The Hosts Bttilr Sqaare"
Carsteiis & Earles, Incorporated
! Established t89t
Government, Manicipel fc Corporation Bonds
Third Floor U. S. iBank Bldg. - TeJephonet Broadway 4108
HAUL & COMPANY
Bay and Soil U. S. Carrnsaent- Foreign Ceyvernmont
fUUroad. Public Utility, Industrial Muavicipal
BONDS
. j - Qtvotattoaa Upon Request .
Lewis Bldf , Psvttaad. Or. Terepbone Marshall CSS
$,tH,tMM colleetee:
Income and excess profit! taxes
aggregating $906,529,171 were paid
as the first Installment of the na
tion's tax bill for It 19, While these
figures do not represent an exact
one fourth of thi taxes for last year,
they Indicate collection for the en-,
tire year of approximately $1,600,
000,000.
The first installment more than
offsets outstanding treasury certifi
cates of indebtedness, Issued in n
ticlpation of the payment and leaves
the treasury in a position to con
tinue its financial program outlined
several months ago.
Collections for the first period of
19 It were approximately $1,200,000.
000, the reduction this year being
due to the lowering of the normal
income tax rate.
Bankers to Meet
In Annual Banquet
Thursday Evening
' The eleventh annual banquet or ths
Portland chapter of the American Insti
tute of Banking will be held in the Crys
tal room of the Benson hotel Thursday
evening, April 1, at 430 p. m.
The chapter has been fortunate In b
Raining some nationally known speakers -
arid an entertaining program ia assured.
A. L. Mills, president of the First Na- '
tlonal bank, will be toastmaster. The
principle speakers will be Gardner B.
Perry, national president of the Ameri
can Institute of Banking; Robert H.
Bean, executive secretary of the Ameri
can Acceptance council ; David P. Bar- ,
rows, president of the University of Call
fornla. The Portland chapter Is putting forth
every effort to bring the 1922 national
convention to Portland and this annual
banquet Is only one of the links in the.
chain of events it proposes to use to
land the convention.
Warmsprings Bonds
Are Declared Valid
Salem, March 29. The $300,000 bond
laaue voted by the Warmaprings irriga
tion district at a special election on Jan- '
uary 13, last, la a "legal, valid and bind- '
lng obligation," according to an opinion
prepared by Attorney General Oeorge M.
Brown for the etate Irrigation securities
commission. Thia issue ia the third to
be voted by the Warmaprlnga district.
th first being; for the sum of $760,000,
and the second for ths sum of 1400.000. .
Directors in Conference
Balem. March 29. Directors of the 811- ,
rer Lake Irrigation dletrlot. Lake county, .
were here Saturday in conference with
the state Irrigation securities commlaaionv
relative to the certification of a $300,000
bond issue and state guarantee of In
terest payments on the Issue.
The world'a tonnage of merchant shipping-
Is greater than ever before and is ..
Increasing more rapidly than at any ...
former period In maritime history.
GOVERNMENT TAXATION
We are particularly fortu
nate to be able to offer In
vestors and clients these CA
NADIAN MUNICIPAL bonds
upon a 7Vi basis. These
are all general obligation
bonds and are payable In
GOLD COIN of the United
States at the quarters - of
Morris Brothers, Inc., or In
New :Yprk.
Better and safer bonds are
not obtainable and, at the
prices at which they are of
fered, are very exceptional
investment opportunities.
Rate Maturity Price
KVt Feb. 1924 92.2(1
4V Feb. 12 90.27
4H Feb. 192$ $7.60
Vk Feb. 1930 85.20
ft FAA 1924 94.99
t FA 1922 96.7
t FAA 1934 78.71
FAA 1924 96 OS
Feb. 192$ 97 18
6 JAD 1943 72.72
6 JgcD 1944 72.29-
6A JaVD 19S9 79.84
. 6 JatU 1922 96.14
6 FAA 1928 84.72
6 FAA 1929 83.44
5 FaVA 1930 $2.2S
6 FAA 1931 81.14
6 FAA 1932 80.11
. 6 FAA 1934 78.27
6 FAA 1934 7.C$
6 FAA 1938 76.31
, 6. MAS 1933 96.03
6 JAJ 1943 72.69
$ JAJ 193$' 77.92
6 MAN 1943 72.64
. 5 JAJ 1946 72.06
denomination.
tDenotea bonda of
$500 denomination.