The Oregon daily journal. (Portland, Or.) 1902-1972, May 10, 1920, Image 13

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The Oregon daily journal., May 10, 1920, Page 13, Image 13

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Newspaper Page TextTHK OKEUON; DAILY JOURNAL, P-ORTLAIMD, MONDAY, MAY 1U, IVZU. COLUMBIA CANNED 'CHINOOKS LIKELY TO SHOW GOOD RISE m.ll... INVESTORS ARE SCARE PROOF Editrd by Will F. lies? ! BUTTER DECLINES : IN EFFECT -. .11 .$. U.nila mnmlnff city creamery butter and 3c a pouad In print. The market waa steady at the jiew prices. ' " That creamery Interests were ij generally ex pteUni a further drop In the price of bnttev tnr tb Immediate future u .indicated when tbey announced that the tmtterfat vain would be off le pound more then print butter. Tbi in usually a sign of increasing wikn!, 1 though at the moment it mart be confessed that the weakness is more in the mi than en etual fact. ! , Seemingly creamery men are of the opinion (hat it would be better for all concernil -na areata leas disturbaiM?e if they would force the prW of i butter down gradually vn dur in period when no special decline wa ealled for. They would prefer doing thin than -upsetting the market-completely at a future data by forcing a ricioua drop in price all at once. . Thoe desiring special information regarding any market shcrald write the market editor Oregon Journal, enclosing a stamp for reply. vnn uttim nRHCHAUT! B.EIITCEI F". O. B. buyers gillr reduced thrtr bids on eggs because of the withdrawal of Canadian order, from the market Most of the bU for the day were at Se a doaen although a few aalea were shown at 40c. RTRAWBERKT CtTT 18 PREM ATTJ1U5 Knmt street wae the "goat" In the scrap Sat urday on strawberries. The trade feared an oversupply ami nit value below actual cost, een before arrivals. It turned out that the demand was better than supply and retailers profited accordingly. r MEATS ARE I STEADY POSITION Steady trade Is shown generally tn the mar ket for country killed meats. Last week's clos ing arrivals were much' smaller than anticipated and the, present week opened with indications pointing '.to a good demand. ASPARAOrS SUPPLIES LIBERAL Quite liberal offerings of local and Columbia river asparagus for the Monday trade. Balsa of local stock were msde around $2 per doaen bunchea for hest, while ordinary' was at 11.75 m 1.90. Walla Walla sold generally at $2 per pyramid. APPLE PEMAKD REMAINS HEAVY Because of the extreme prices asked for o rinses, aa well as. the fact that qaulity is not extremely favorable, demand for remaining sup plies of apples is quite liberal and prices are .steadier. . . BRIEF IfOTES OF PRODUCE TRADE Lettuce arrivale heery from the South. New potatoes lower; old stock firmer and mnn activaJ Onion market again slightly easier for new stock. - hickena are steady for an except . very small offerings. Mexican, tomatoes are due today. . .WEATrtER OTICE FOR SHIPPERS f Weather bureau advises: Protect shipments during the next 86 hours against the following maximum temperatures: Going north, 70 de grees; northeast over S., P. 4c 8. R. R-, 70 degrees: east to Baker. 65 degrees, and south to Athiand, 70 degrees. Maximum temperature at Portland tomorrow about 70 degree. WHOLESALE PRICrs PORTLAND These are pries retailers pay wholesalers, ex cept ss otherwise noted : Dairy Products BTJTTER Selling price, box lots: Creamery, prime parchment wraptied, 56c lb.; prime first, B4c lb.; firsts. 53o lb.; smaller lota at aa ad vance.' Jobbing prices: Cube extras. Bio lb.; prime firsts 50c 'a ' BUTTEKFAT Portland delivery basis, 68 9 5".c; country stations 58 54c '' OLEOMAEGAIUNti Best brands. 40c; ordi nary, 88 He; bakers, 88c; nutasrgar!se. 1 lb, cartons. 32e lb, CHEESJS Selling price: Tillamook, fresh Ore gon, fancy triplets, 85 89c lb.; loung Amer ica 17 J 88c Prices to jobbers, f. o. b.. Tilla- ing price:-! bream, bricks, 4042e. Selling price: Block Swiss. 48 0 49c; limburger. 40 0 42e per lb. , ....... - EGOS tluyvng price r Ctfrrmt receipts. 89 40c; readied, veiling price, 43 44c; select, 45c LITE "POULTRY Selling price: Heavy hena. 32 f 33e;- light hens. 30 3 lo; spring light, 0O35c; heavy, 40 45c lb.; old roosters. 20n . lb.; snnatM. 83.00; pigeniw. J 1.50 ( 2.O0 dozen; turkeys, live ( ) lb.; dressed, 4 So per lb. : 1 'j Fresh Vegetables end Fruit FRESH t FUI IT Oranses. 35.25 8.75 per box; banana. 10HC9Lle lb.; lemons. $5,609 .2fi per crate; Florida grapefruit, $7.007.50; California. $8.508.T6. f AFPL3 Various varieties. local. 81.29 0 DRIED FRDIT Dates. Dromedaries, $7.5 Karda, (4.00 per box; raisins, 3 crown loose Muscatel. Io per lb.; fiss, 83.50 9 8.60 box. ONIONS Selllna price to retailers. Oregon. $7.50 8.00 per cwt; Cal. yellow. $3.75; white, $4.50 crate; garlic. 50c per lb.; green onions, 506 per dogen bunches; onion sets, 17 18c per lb, POTATOES Selllnw price. Oregon fancy, $7.00 8.00; Oems, $8.00 cwt; buying price, $.50- new 18c lb. VEGETABLES Turnips. $3.00 - per sack, aarrota. 84.004.50 aack; beeta. $5.00; cab bage, California, 55Hc: lettuce. $3.25 0 3.50 rate; cucumbers, $1.50 3.00 doaen; toma toes. $5 50; egg plant. 50o lb.; broccoli. $1.25 2.3$; bell peiipers, 75e; sprouts. 17c per lb.; eelery, $1.50 per doaen; peas, 1213o lb.; artichokes, 1. 25 1.50 doxen; asparagus, Ore gon. $1.73 2.00 doxen bunches; Waiia Walls, $2.00 pyramid. - 1 Mmu and. Provisions COTTIfTRT MEATS Semng price: Conntry hogs 2i 32 He lb. for top blockers; heavy, 18 20c; bast veaL 20 21c; heavy real. 1 SMOKED MEATS Ham. 87 4 Sc per lb.; breakfast bacon. 84&36e; picnioa. 25e per lb. ; cottage roll.- 32e per Ih, LARD Kettle renders. 27a 1H i ttarfknf aw, uerev wsrwif Willi J toil ntl, C rC. f lsh and Shellfish FRF.SFf FTSFf flilmn f mh rtKinnnV i e a 20c; sWhead, 15c; halibut. freh. 2d22e in. I sturgeon. I i : Dlsck.cod. 10 0 lie lh silver smelt, lOo par lb. ; kippered sal nan. $3.60 per iu to. osixet: - kippered cod, .13.00: Co lumbia smelt. So per lb.; rasor clams, $5.00 box; crabs, $2.5008.50 doaen; roe shaj, 10a lb.; uroseou imu, oe to. KUOAR Nominal pricea, refinery basis: Cube. $25.10; fruit ad berry, $24.25; D yellow. e.o.os, granujaieo, extra C. $28.85 gcMen C, $28.75. HONEt New. $7.00 07.60 per case. " RICE Japan atyle. No, 1 13 He; New Or- teans neaa. I I ; eiue Kose, 13 e per lb HALT -Coarse, naif ground, 100s. $17.2$ Kr n; eus. aio.io; table dairy, 60s. $17.25; las, $3.80 0 4.00; fsncy table and dairy, $30.50: lump rock. $28.50 per ton. BEANS (, Sales by Jobbers); Small white, THe per lb.: Urge white. 7 4 o lb.; pink. 8 tic so.; umsa, imo; nayou, ii reds, 10He Oreenn hens bux-in nfiiv, 1 K u it. CANNED MILK Carnation. $6.35; Borden. en-so; juter, e,.ico; jutgie, Libby COFFEE Roasted, 84 048e la sacks or arums. j ' SODA CRACKERS Tn bulk. 17 He per lb. NUT8- Wslnuts. 85 40c per lb. : lmonds, 88c; filberts. 32c in sack lots; paantfta, 16 0 18e; paeans. 25e;. Brasils. sOa. Dried Fruit and Bean New York. May 10. (I. N. S.) : Market firm. Marrow, choice, $11.60; red kidney, choice, $15.00 015.25. Juried fruits Firm. Apricots, extra choice tm fancy. 29 0 3 7e; . apples, evaporated, prime to lancy, iuwxdc: prunes, bus to SUs. 15H0 23c; 80s to 100s, 10H 13H6: peaches, ex tra cnokse to fancy, inz2c; seeded raiaina. - Chlcaro Potato Market Chicago, ! May 10. I. N. S.) rotatoea: Receipts, 59 cars. Minnesota and Dekotaa, Ohioe, $7.35 0 7.60: Wisconsin. $7.83 0 7.50. ' e f Potato On f look Poor Warren, Mar 10. Owing to the high price ofj seed potatoes the acreage i being planted to that vegetable in this section is below normal. . Stocks. Bonds, rjotvoB, Grata, Fte. ' tl$-S17 Board of Trade Bulldias; Overbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES Uembera Calearo Board of Trade a . - Correspondeata of Logaa Bryaa jsimrv anm xora NOV MARK.E T BASKET .' j By Hymaa it. Cohea With carload uhlpmenta of atrawberrlas svrrtvtnjr from California the local trade Ss prepar-lns; i for a very busy season. Consumers; appear to be taking- hold of iberriesi quite freely, even though retail rvalues are trenerally at 25c a box. That there will be a very liberal straw perry crop all through thia section, Is cen- rally indicated. In fact, berries of all (kinds are likely to be plentlfuL Consumers may not have to pay as high a price for their canning: as had been expectedi Growers ihay not be able to comrrjaird such trremlum over a year a&ra a.s they had expected, because canning Interests say'that the price is too dangerous for them and for that rea son are groins; to pack only what stock they have orders for. , As their orders to date t are practically only about a quarter of the! normal. It wyi be seen that commercial canning demand is not likely to be as extensive as first Indi cated, i I The following prices are average one that ean sumera are expected to pay retail stores. Quality noted is the average, fancy stuff being slightly hieher and inferior stuff fractionally lower. - Butter Best jcreamery prints, 03 0 85c Tn. Eggs Freeh laid, 45e per doaen; fancy fresh. 43e per doaen. I Poultry Chirkens. dreased. 45e per pound; geeae, dressed, 45c per pound; turkeys, 65 W 56o per pound; ducks, 50c per pound. Fish Salmon,! 23 0 80c per pound; halibut. 26 e 80e ier pound. Flour Best local patent, 88.004.00' per sack, 49 pounds.! . Potatoes Burbanks, fancy; per pound; sweet. 12 He per pound. Onions Dried; 8 H 0 9a per pound. Prune CrLoss Is. Reported by i5outhern Pacific Southern Pacific crop report. Issued 'by H. A. Hinshaw. general freight agent: Albany Weather conditions during last week have been favorable for crops and farmers are making good progress in preparing the ground for spring grain and potatoes. Fall grain snaking good growth; pastures and hay looking welL Apple trees are in blossom and do not seem to have been damaged much by the cold, weather, while peaches seem to have been damaged con siderably. , It is! estimated that the damage to the prune crop will reduce, the yield about 60 per cent. Berries seem to have been damaged very little. I Roseburg Weather aartng past 10 days has been clear and j warm with very - little rainfall. Both fall and spring wheat making good growth. All fruit trees and berry bushes are looking very promising and are practically out ot danger of frost. Conditions were never more promising at this time of the year. Medfonl Weather during past two weeka has been very favorable. Small graina have a healthy color and are making good growth, dug to the warm weather. . Apples and pears are doing exceptionally well, the cool weather during the early part of April putting them back somewhat, but since the warm weather baa come they are in bloom and are considerably ! heavier than last year. Indica tions are for one of the largest crops ever pro duced in thia section. DAlUT PRiODrCE OF THE COAST ' San Francisco Market San Francisco. Msy 10. (U. P.) Butter Extras, 55 H c. i Ks Extras, 48 He; extra pullets. 41c; undersized pulleta, 85 He. CheeseCalifornia flats, fancy, 26e; firsts, 2Sc i I Seattle market Seattle, May 10. -U. P.) Butter City crtsmery, extras, cubes, 55c: bricks, 68c Kegs Fresh i ranch, 45 48c; pulleta, 40c Cheese Washington triplets, 39c Raw Milk Per cwt., $2.60. ' s i Los Angeles Market Loa Angelas. May 10. (L N. 51c ! Eggs Extras. '44o; case count. S.) Butter 43c; pullets. oc; peewees, sve Poultry Unchanged. .- . - POTATOES ALONG THE COAST San Francisco Market San Franet'co, May 10. (U. P.) Potatoes River Whites. $6,50 0 7.25; sweetn, 10c Otiion-e Yellow and white, Australian brown, $6,60 0 7 00. j i Lot Anfeies Market Lo Anxsles.j May 10. (L N. S.) Potatoes - Old stock Htockton Burba nk. fancy and spe cial brands, $8.V5 0 7.25; Idaho Russets, fancy, mostly $7.50; inew stock local Early and White Rose Not 1. 32.25 0 2.50. mostly $2.50; No. $1.00 01.50 lug I Seattle Market Seattle. Msii 10 (L N. ft.) Onions Ore gon. 7 Ho' lb. , Potatoes Tiakima Gams. $180 0190; local. fioowifs ton. :1j AMERICAlf LIYESTOCK PRICES i Chicago Hogs $15.60 Chicago, May 10. Hogs Reoeipta 4200; steady. Bulk,, $14.100 15.40; tops, $15.60; heavyweight $13,75 0 15.00; . medium weight. $14.65 015.50; light weight, $15.10 015.50; light flights, 4 $14.83 013.85; heavy packing sows, smooth. $12.50013.25; packing sows, rough. $12.25 012.75; pigs, $13.50 013.00. Cattle Receipts 21,000; beef steers slow to 25c lower. Others steady. Beef steers, medium and heavyweight, $18.60(3)13.80: choice and prime. $18.15 (g 13.80; medium and good, $11.50013.80; good and choice. $12,250 13.75; common and medium. $1 2 50 12.75; butcher i rattle. ' heifens $8.00018.80; cows, 87.75011. 75t bulls. $7,750 11.00; cannera and cutters, oows and heifers, $5.00 0 7.75; canner steers, $6 25 0 8.50; veal calves, light and handsyreight, $11.00 013.00; feeder steers. $9,250' 12.00; storker eteers, $7.75011.25; stock er cows and heifers, $7.5009.60: stooker calves',' $8.00 011.00. Sheep Receipts. 6000; mostly 25c higher. Lambs, 84 lbs. down, $17.00 019.80; yearling wethesa,! $13,600 16.75; ewes, $9.60013.50; ewes, culls and common, : $4.50 0 9.00; feeder lambs, $12.00 014 60. i Kansas City Hog C14.8S Kansas City. Mo., May 10.' (L N. S.1 Cattle Receipts. 9000; stesdy to 25c hirher Steers, $9.00 0 13.50; cows and heifers, $8.00 012.00; stockers and feeders, $8.00012.26: calves. $8.00015.50. i " Mobs Receipts, 16,000; steady. Top. $14.85;: bulk.! $18.76 014.80; heavieaf $13 50 014.60; mediums, . $14.25 0 14. 5; liehta. $14.25 0 14.80; pigs, $12.00 014.50. Sheep Reoeipta. 8000; steady to 25e high er. Good lambs. $18.00. Denver Hogs $14.75 .nT,r' .CftfT, MaT i- U. P.) Receipts. 4200; steady. Steers, $10.50 0 12.60; yearling steers, $11.60013.00: cows and heifers, $8 50 011.00; stockers and feeders, $8.25011.00' calves. $14.00 016.50. ; ,u' Hon Receipts, 1800; steady, 10c bio her Top. $14.76; ibulk. $14 00 014.65. . " Sheep Reeeipu, 1100. 2Se higher. Lambs. $18.50019.50: ewes. $18.50 014.00. Seattle Hogs $180 Seattle. May 10. (I. N. 8.) Hogs Re ceipt $78; Stronger. Prime lights. $18 00 0 16.50; ' medium to choice. $16.00 016 00 rough bearies, $14,00 0x4.60; pigs. $13,00 0 14.00. l j ; : Cattls Reoeipta. 139; stronger. Best steers. $12.50 013.00; medium to choice. $10,00 0 12.00; common to good, $7.50 010 00; best cows and belters. $10.25 010.73; common to good cows, $7.00 010.00; bulls. $7.60 0 8.00; calves. $7.80 016.00. i - ..... . ' - Sheep None. f Chicago Dairy Prodace Chicago, May 10. (L N. S.) Butter: Re oeipta, 6933 tuba. Creamery extra. 69c; standard, 59e: firsts, 55 0 68c; seconds. 47 0 37e; packing stock. 34 039 He . Egg Receipts 27,291 cases. ' ' Miscellaneous. 37 0 41c; ordinary .firsts. 38 089c; firsts, 4lH042He; extra (storage), 44H044ie; checks. 33 0 $5c; dirties, 35 0 36c ' Cheese Twins, new, 27 H 028c; daisies. 29H03Oc; I Young Americas, 30 0 80 e; Longhorns, 30 03ft Vie; brick, 28 He Lave poultry Turkeys. 8 3c f chickens, 34 He; roosters, 20c; geese, 20c; ducks, 38c 1 , 5few York Batter and Egg NewYork. May 10. L N. a) Butter Market ! firmer. Creamery extras, 63 0 85c; do firsts, 610 63c; do higher scoring, 63 H 0 67e; stat dairy, tuba, 45 0 62c: renovated, ex tras. 58 0 66 He. Cheese -Market firmer. . Stale, whole; milk. Specials, 28 032c; do fancy, 26 H 08OeJ lower grades, 20 28c, Wisconsin, whole milk', fancy Young 'Americas, 34c State, sklma, specials, 19021c; do choice, 16018c; do fair to good. 11015c; lower grades, 5 0 10c .ES Market firm. Nearby white, fancy, 52H0K3e: db brown, 61e; evtra, 49 0 49He; firsta, 44 0 48c : . ( . - . : ; t TTevr York Potato Market New ' Torkj May 1 0.-- ( I. Jf. B. ) Potatoes fin bulk, barrel op bs) f .rV.' fi. sju. white, $11.00 0 14.00; Bermuda. $17,000 23.0O: southarna. $10.00 0 20.00. . CANNED SALMON TO OPEN AT RISE , That canned salmon prices will open at least 10c a doaen higher than a year ago alone the Columbia river, is the opinion expressed by the trade in gen eral. The advance . is most likely to appear in the better grade fish because of the threatened world shortage of that grade. ' . , A year ago Columbia river ' Chinook taH opened at $3.15 and were quickly cleaned np at that and resales were made during the aeasea at a substantial advance. It is generally expected that at the next meet Ins of the Balmoa club that Chinook tails-' will open up the season at not less thsn $3.25, while some expect opening values on thia to be at least $8.30 or $3.35 per dozen. i ' I Because of the expectations of a very short pack on both Puget Sound and in Alaska this season, the better grade fish is likely to show a far greater demand than offerings; especially a there has been none of that fish in cancers hands for many months. On the other hand it is expected that while the cheaper quality fish will show no advance over last year's opening, because of the fact that stocks en hand are unusually heavy, still with a small pack in prospect, this may Improve the market eves for that grade Continued Demand Shown for Wlieat; Millers Purchase NORTHWEST GRAIN RECEIPTS Wheat Bar. Fir. Oats. Hay. Portland, Mob. . . 56 .... 14 .... 2 Year ago. . . .. Season to date. Tear age . . . . Tacoma, Sat. ... Year ago. .... Season to date. . Year ago. .... Seattle. Sat.... Year ago. .... Season to date. . Year age .... 4 V 25 T 4 8009 174 8740 456 2096 7321 1023 2643 669 8078 21 .... 4 ... t .,..'.. 2 .... 6718 94 8075 176 822 5801 86 .... 174 1209 4n e at T ..... i . . 6 ,6942 248 1099 648 1171 5290 76 1241 548 2348 MILLERS ADVA5CB FEED "With a farther scarcity of sapplles, local millers have advanced their q po tations f 1 to IS a toa. Sales are shows as high as 12 49 at a toa. j ,WIth many of the leading grain inter ests en route to San Frsvnciaco to attend the foreign trade conference, there is lit tle activity to note In the local market at the opening of the week. Demand for wheat continues to show an acute situation. While the demand recently 'has been confined almost exclusively to the soft varieties, such as club, indications were that millers were beginning to take on hard wheat. With continued demand for hard whVat from the East, and with a ahort crop in prospect throughout the conntry, the present price is considered fully in line with conditions. Pacific coast crop report of the weather bureau : " Arizona Retarding growth ot wheat erop by cool nights beneficial. Alfalfa .progressing fa vorably. -..-. Utah Fall grain generally and spring grain tn southern : portion are doing weU. Spring seeding of grains in northern portion progress ing rapidly. Rain needed in southern and east ern portions. Nevada Weather cold ' and ''windy and un favorable for crops. Grain and alfalfa de veloped slowly. . , . Idaho Fair to heavy shower fell in north ern and southeastern counties and light, shower elsewhere. There was a more rapid growth of grain and alfalfa. Washington Spring wheat is coming up well but needs sunshine. - . Oat sowing in progress on uplands, but it is too wet on lowlands. Alfalfa grew well during the warm spell. . - California Germination of corn alow. In some sections heading grain is . suffering for moisture. Considerable barley, oats and alfalfa being cut for hay and the quality is excellent. . Fifty-second weekly j bulletin covering wheat and wheat flour movement throughout the Cnited States for the week ending April 30, 1920, In comparison wtth , figures same period year ago: 1920 1919. . Bushels. Wheat receipt from farms ........ 8,633.000 Wheat receipt from - f a r m a previoua week . . . ... 4.813.000 Wheat receipt from farms June 27 to April SO. . . .742.705,000 Barrels. Flour produced dur--. ing week....... 1,893,000 Flour produced dur- - ing previous week ' 1.682,000 Flour produced June 27 to April 30.114,173,000 . Bushels. Total stocks wheat - all - elevator i and mill .134.851.000 Total , atooks wheat all elevators and mills previous week . 141.842,000 Change for week, decrease 6.081.000 Bushel. 1,986,000 2.183.000 711.448.000 Barrels. 2.766.000 2.512,000 104.542,000 Bushels. 108.732.000 120.891,000 14,159.000 Exports of wheat and flour July 1. 1919. to April 80, 1920, amount to 98.33S.000 bushels of wheat and 15.881.000 barrels of flour, mak ing a total equal to 169.572,000 'btfaheis of wheat compared with 148,170.000 bushel of wheat and 22, 733. OOO barrels of flour last year to April SO, 1919. which makes a total of 250,469,000 bushels of wheat; iaat year'a total flour exports include American relief adminis tration and expeditionary force shipments. FLOUR Selling price, milldoor: Patent, $13.73; Montana spring wheat. $14.85: Wil lamette valley brands, $11.20; local atraigbt, 311.20; bakers' local. $13.50; graham. $11.50. Pricea for city deliveries for five-barrel lota. HAY Buying price: Willamette timotfly. fancy, $32.00 per ton; vetch, $30.00; cheat, $22.00023.00; straw, $10.00; clover. $3100; grain, $23.00; alfalfa. $33.00 038.00 a ton. GRAIN SACKS Nominal: New crop deliv ery No. 1 Calcutta, 21 H0 22e in car iota; lea amounts higher. MILLSTCFF3 Mill run at miUa, sacked, $49.00 0 50.001 . V i , OATS Per ton. buying price: , Feed. $68.00 0 69.00. I BARLEY f Buying price: Feed. $65,50 0 07.09 ; milling, sos.oo; rolled barley, price, $71.00 ton. Merchants Exchange bids: I FEED OATS ' ,..-.-.' May. June. $69.00 $65.60 65.00 $71.00 No. S white. ............ .$68.50 .- , . BARLEY No. 8 bine.. . ...$66.00 Standard feed 66.00 CORN No. S yellow. L .$71.00 Eastern grain, bulk: I CORN No. 3 yellow........... .$78.00 $70.50 Liberty Bond Sales Famished by Overbeck at Cooke Cav lTen. High. Low. Close. Liberty. tHi.i.. 9192 9194 9164 8540 8504 8626 8516 8900 8660 9600 9594 9170 8550 8514 8650 8522 8906 8558 9600 9588 Liberty. 1st 4s... 8540 8560 Liberty, 2d 4s. . . 8606 8520 Liberty, 1st 4Hs. 8826 8680 Liberty, 2d 4Hs. 8620 8580' Liberty, 3d 44s. 8910 8910 Liberty. 4U 4Hs. 8576 8516 Victory. 44s.... 9606 9610 Victory, 3s.v.. 9694 9602 Foreign Exchange Market New York, Msy 10. (U. P.) Foreign ex change was steady at the opening today. De mand sterling opened unchanged at $3.82 4 ; franca, demand; 15.78; cables, 16.80; msrk. demand, higher; .0195; esble-, .017- Cstriu dollars, .90351 lira, demand, 20.22; cable. 29,20. . Demand sxerting gained 4 to $3.8114 as the day progressed. Frane checks gained 50 cen-t"r-i to IS. 77: marks demand eased to .0193; gable, .9195; U. 8. dollars on Canada, demand, ..ts-r.r at! .0040. Demand sterling eloeed at $8.8$; ealbes. $3.884: frknos, demand 15.77; cable, 13.75; lire, demand 20.32; cables, 20.30; marks, de mand rallied to .0194; eablea, .9196; ri-lisn aouars, ,vvto. i Saa Fraaelsee Irewftry DTarket San Francisco, May 10. (U. P. ) Broiler. 46 50c; large hens. 40 $42c; best duck. 26 x S .Chicago Cash Wheat : Chicago. May 10. It. P.) Cash wheat So. 2 hard. $3.01 0 3.08:. No. 3 spring. 83.00. Mlaaeapolls-Dalath Flax Duluth, May 10. T. K. i ,).p. .w new. $4.69; July, $4.52: track. $4.69 4. 79: arrive, $4.69 0 4.74. -. Minneapolis, May 10.. (L N. 8.) Flaa J" 1 f? srtiv. 34.69 4.74. MEXICAN TROUBLES AID TO OIL Hew Verk, May 10. -(I. ft. a.) The etas market closed weak teday. Tswnard the ens " the tradlns violent declines eocuired In many Issue. : AUantle, Culf West Indies yielded 7e te 1MK. -,. aMwfn yleteed ever points te 1 1 S A , while teat eommon from 57Vt droppad te w4tb. athlerism Stsef B. fall ever t polnu t 83 y.. Readlna yielded nearly t polrrU fretn IU early hlsh to 88 '4. Mexican Pstretaum yielded ever 10 a4nU to 180. smile Fan-American Pe troleum dropped S paints te 105H. ': Stuoe bakar dropped from SOW to 77 ,. alas, 836,800 shares; bonds, 6998,000. New York, May 10.- L N. & Ad vices from Mexico that the Carranza government had been ! overthrown bad little i effect on the stock market at the opening today. Initial prices, while higher in the majority, of active issues, showed a great deal of: irregularity. Most attention was centered in the oil issues. Mexican Petroleum advanced 3 to 190H ; Pan-American Petroleum. 1 point to 105 ; Pan-American B stock, 24 to. SSi. Royal Dutch, -however, fell 1 to U8V. I The market showed a strong tone throughout the forenoon. . Baldwin Loco, moved np 8 points to 121 ; C. 8. Steel sold np to 97 H, and Republic touched 98. The Mexican oil "issues were strong. Pan-American showed a gain of 1 H at 105 H : Mexican Petrobsnm rose nearly 4 points to 190 H. i -The railroad issues were, fractionally higher. Dealings in Motor shares were small. Stee) eommon yielded to 96 H ; Baldwin was in good demand, advancing 2 points to 120 Hi Crucible Steel fell S point to 143. and fractional decline were , noted in Steal and Bethlehem Steel B. j Studebaker Sold ex-div. 1 4 per eent and showed a gain of H to 80 H . Chandler Motor fell 2 points to 145, while' Pierce. Arrow rose 1 point to 604. General Motors showed frac tional Improvement at 81. i V: . American Woolen was active, advancing over 2 points to 114. . I Setoks were in increased supply in the after noon, many leading issue , falling from 1 to 8 point. j The market became reactionary in the after noon dealing with .practically the entire list selling off from the early high figures. Furnished by Over beck V Cot Co., Board of Trade building: 1 iESCRIPTIONi SHARES Open High I I ow Close j TH 87 37 85 H 83 H 44 H 88 j 88 87 H 87 95 i 95 H 95 94 42 42H 41H 41Vk 135 H 1351 182 132. 46 47 46 47 19 H 92 14 92H 90 894 85 854 84 H 84 96 97 H 95 H 95 H 62 62 604 61 43 , 48 42 42 131 182 181 ISO 90 90 87 87 94 94 94 94 60 60 59 69 112 116 112 113 16 67 67 57 57 80 81 80 80 172 j 172 164 164 11$ S 121 115 113 85 85 84 84 96 96 98 03 110 - .. 12 22 118 119 118 11V 73, 73 71 71 147 147 141 142 68 53 52 52 6 8 8 8 85 85 85 85 81 81 80 80 18 16 16 16 82 82 82 82 58 85 : 85 85 84 85 85 85 83 98 Si 98 96 95 143 I 148 140 140 6 -6 6 6 IS i 18 12 12 63 63 63 62 148 i 143 142 142 81 i 31 29 29 64.1 64 62 61 ...I...,. 40 36 86 83 35 gs I 75 73 74 74 ' ..l 82 60 I 60 59 57 1 84 . 86 87 86 83 58 64 53 53 74 74 72 7$ 128H 129 126H 124 44 34 88 84 19 20 19 19 17 18H 17 17 112 112 112 111 27 27 27 27 80 80 77 77 41 42 42 41 ' 25 25 25 25 : 187 190 179 180 ' 22; 22 22- 21 45. 45 45 44 26 26 25 25 j 79 I 79 77 78? 13 13 13 18 I 31 31 30 30 , 1 99 ; ii' "72" "70 70 I 92 92 92 91 ; 78 75 74 74 . 4 4 4 i 4 ! . . . i . ..... . . . . . 80 !' 104 105 100 100 40 40 89 , 89 33 83 32 83 I 80 60 67 57 18 17 17 i 102 102 101 101 ' ! 17 17 17 17i 95 95, 95 93 ' 87 8K 86 80 119 123 118 120 97 98 95 95 33 36 34 84 . - i. 9 ; 36 87 84 85 70 70 68 68V 96 97 95 93 t 23 23 22 22 77 77 77 74 80 81 76 77 84 84 81 81 , 24 24 28 23 I 114 114 114 114 11 11 10 10 60 60 48 48 45 46 48 48 86 66 65 65 16 16 16 16 118 119 117 117 31 81 80 80 100 100 98 98 .I 68 98 97 94 94 68 69 68 68 81 81 77 77 74 74 78 74, 1 8 8 8 8 ..... ..... 84 49 49 49 48 19 19 18 19 Alaska Gold . . , A His Chalmers Alloy Steel . . , Am. Arr. Chem...f Am. Beet Sugar.. Am. Can, e . . . . . Am. Car Foundry. Am Cotton Oil . . Am. Bide at Lea., o Am. Intl. Corp.... Aao. Linseed, c . . . Am. Loco., o..... Am. : Smelter, o . , . Am. Steel Fdy, . . . Am. Sugar, c..... Am. Rum. Tobacco. Am. Tel. Tel Am. fob. Securities Am. Woolen, e . . . . Am. Zinc , Anaconda Min. Co. Atchison, e. . , . At.. Gulf A W. I. , Baldwin Looo., t . . B. A O . o i . Bethlehem Steel, B. Bosch Magneto ... Brook. Rapid T . . . Butte A Superior. Canadian Pacific Cent Leather, e. . Chandler Motor. . . Che. A Ohio Chicago Gt. W.. e. C. M. A St P. . . . Chioago AN -Chile Coper....... Cbino Copper. . . . Columbia O. A E.i Colo. F A I....- Cons. tas ...... Corn Products, e . Crucible Steel, e. r. V R. G., a. . . Erie, c ....... General Cigars - . General Electric. . General Motors.. Goodrich Rubber. Granny Cons. . . . Gt j Northern Ore . Gt Northern By . . Greene Cananea . . Gulf SUtes Steel.. Illinois Central . . . Industrial Alcohol . Inspiration Copper . 1 int. Paper ...... Int Harvester , . . Int Mere. Mar., e. Int Nickel Kas. City So., e. . . Kelly Springfield . Kennecott Copper . I Lackawanna Steal. I Lehich Vallev Maxwell. Motors, e.i Mexican Pet .. . Miami Capper Mid rale Steel . . Missouri Pec, National Lead ... Nevada Cons .... New Haven .... N. Y. Air Brake N. Y. Central ... Norfolk A W... . Northern Pae. .. OMa. Kef. Jb Prod. Pae Mail . . Pan. Am. Pet, a. . Penn. Ry. Peoples' Gas Pierce Arrow ..... Pieroe Oil Pressed Steel Car, e.) Kay cons. ;opper. Ry. Steel Springs . , i -... . Royal Dutch ..... .1 Repuh.'!. Il StT, C.j rock island, c . . . Sliattuck Copper. . . Sinclair Cons. . . . . Sloes Sheffield.... Southern Pscifie . . , Southern Ry., .. Stromberg Motor, . , Studebaker, c . . , SheU ........... " v,. Term. Copper..,., Texaa Oil . . . . , . Texaa Pacific . . . Tobacco Products. . Trans. Oil .... ... Union Pacific, e... Union Oil of Del..) U.: 8. Rubber, e . TJJ 8. Smelt A Ret.l V.. 8. Steel, c. .. .. Utah Copper . . . . Vanadium Steel . . Virginia Chem., o. . Wabash Western Union . . . Westiaghouse Klec . WUlys Overland . . Total Sales, stock. 035.800. Total aalea, bonds. $9,998,000. j ' l: : ' e - . l SCATTERED RELL1NO ITT COBJf i ' 1 CAUSES "MIXED " OPEJflNG Chicago, May 10. (L N. 8.) Corn opened a half cent lower to o higher. Bcattreed sell ing was in evidence at the start but strong commission houses took the offerings and prompt recovery foUpwed. On fairly general selling oat started e lower, with September leading. Offerings were guickly taken - and the market recovered. PtanfiiAM wf Invar , th. i w in. n scattered selling and lack of support. j Rang of Chicago price a f ornbhed by the United Pre: l . i " CORN . . . i ! . Open. HiffHt May ....... 191 194 July 171 175 September ..160 161 - i: - OATS May ....... 104 107 July ,; 91 i 94 - Law. - Close. ! 189 '194 ! 170 174 160 v 161 , 104 107, 91 94 2$ ; 77 - 8620 ; 8675 . 3720 - 2030 2075 ?. 2115 2180 i 1816 1830 1 1886 1920 . September ...76 78 N.J PORK May ... Jdiy .... .3700 3750 LARD 2076 ; 2165 RIBS .assa : X920 May 2070 July .......2157 May July .....1830 .....1887 ! TJ.' S. Steel SUtemeat 'New York. May 10rU. P.) The United States Steel corporation . today announced the unfilled steel connsge increased -467.472 from March 81 to April 30, i i t'nfilled tonnage amounted to 10,859.747 on April 80, as against 9.892.078 oa March 81. A year ago it atood at 4,800.68$. . - STEERS ADVANCED IN. LOCAL YARDS PORTLAND LIVESTOCK RUN Hogs. Cattle Calves. Sheep. Monday! ........ 1014 Week ago....... 1014 2 week ago 2391. 4 week ago.. . . . 738 Year ago 2162 2 years iago. . . . . . 807 8 years ao. .... . 3335 4 year ago ...... 4926 864 60 1431 1527 1481 1444 983 87 e5 102$ 176 178 114 16 80 . J.0, 4 2738 1071 1031 2760 670 1038 2348 Only SO loads of livestock entered the North i Portland yards over Sunday for the Monday morning trade, as compared with 82 last Monday, 86 two weeks ago, 69 four weeks ago and 62 cars a year ago today. Hogs were fully steady, cat tle showed advances while sheep were considered steady at the opening of the week. '' Market showed strength In the steer division of the North Portland trade at the opening - of the week' activities. First of all. there was a seriona decrease la arrivals and then again the demand is again Improving. Only 864 head of cattle came forward over Sunday, i aa compared with 1527 last Monday. Steer started with a strong tone and prices advanced 26 to 60c over those in effect at the closing of last week. Top in the pulp and (rain division'' went to $1$ again. General cattle snarket range: Beat beef steers. . . . . , .$12.23 018.00 . 11.50012.25 . 11.00011.50 . 10.00 011.00 . - 9 00 010.00 . 8.00 0 9.00 Good to choice steers. ....... . Medium to good Steers. .'. Fair to good steers. . . . ........ Common to fair steer. ...... . Choice cows sod heifers. ...... Good to choice eowa and heifers Medium to good oows and heifers Fair to medium oows and heifers Canner , Bulla i....... Best light calves. ...... ...... Medium calve ............. 9.000 10.25 9.00 e 10.00 8.00 0 S.00 7.00 0 8.00 6.00 0 6.00 6.60 0 9.00 13.00 if 16.00 9.000 12.00 6.60 0 8.50 8.00 0 8.50 Heavy calves ............... Stockers an) feeders. ........ ! : Swine Trad Is Oootf Trade in the swine alleys at North Portland for the Monday market waa fully steady' to atrong. An incident was the fact that arrival for Monday were exactly the same number as a week ago on' the same. day. Top in the hog division were again quoted at $16 during the morning. General bos range: ' : Prime inlxed' .........$15.50016.00 Medium mixed . ............. 14.500 15.50 Rough j heavies ............... 10.00015.00 Pis 1. 12.00 015.00 I Mutton Holes Steady There was a fair showing of sheep .and Iambs In the: North Portland alleys for tSe Monday morning trade While arrivals were 1451 head. compared with 2738 head a weak ago. killer were not inclined to make any change in values. General sheep and lamb ranga: Throwout spring lambs. ......:$ 10.00 0 1 1.00 Spring lambs 14.00 015.60 bast or mountain 2am ba ....... 15.00016.00 Beat valley lamb............ 14.00 c? 15.00 Best heavy valley lambs 13.00 ke 14 00 Common to medium valley lamb 10.50 012.50 Yearling .................. 13.OO014.OO Ewes-. 8.000 12.00 Wethers , 12.50 013.20 "Monday Morning Sale STEERS No. Ave Ibe - Price No. .Ave lbs. .- Price 2. . . . 990 $ 9.50 13.... 1090 12.25 6.... 811 10.00 1....-810 8.50 1.. . .1050 12.00 25 080 $11.23 .is. y. 1143 12.25 1060 11.00 1380 8.00 I COWS 25. .!. . 902 $11.06 21. . .84.... 895 9.00 11.. 1....1170 11.00 4. .i. . 967 11.00 14. . 1.... 840 5.00 9., 1... .1010 10.00 1., 1.... 840 10.00 1.. 1 883 6.50 28. , "4 1050 8.50 19. . 1... . 660 7.50 4.. '800 $ 9 50 916 1 10.50 1080 1035 ll.OO 11.00 .. 727 . 660 , 850. i 817 . 961 . 655 8.23 . 5.60 8.50 9.50 10.60 7.60 15. .. . 914 11.00 . S BC S..i. .1330 $ 8 60 LS 862 2.... 1000 8 7.50 , MIXED CATTLE 7.,.. 551 $11.00 I 18.,. 8.,.. 421 8.00 I 38... t.j.. 410 8.60 I 12... 27.... 506 8.50 HOOS l.i.. 140 $14.00 I 1... 6.1.. 164 10.75 I i , HEIFERS 8.... 436 $10.00 I - r CALVES .' 895 417 610 $10.00 T.50 8.60 . 160 $15.60 I.J. . Z10 $14.00 21. i . . 151 11.00 105 $16.00 i ' I BELLS S....1B30S 8.50 2.... 1560 8.60 862 $ 9.00 1 ' HOGS 82.;.. 185 $15.75 2.... 14.;.. 884 18.75 $0..., 1. . . 380 14.00 1., .. ,11.... 228 16.00 l.m 2. , .. 215 16.O0 i 1. . . . 1..J. 800 13.60 5.... LAMBS 61 $16.00 f 180 200 230 170 350 198 $15.00 16.00 16.00 16.00 14.00 15.50 One Crop of Alfalfa On tbe 11,500 acres of land in the i Columbia Irrigation District, Benton County, Wash., would Pay Its Entire Bonded DeBt Four Times Over Seven thousand acres are already under irrigation and are producing. The money from this issue is going back for extensions of the already successful irrigation system.. Bonds Are General Obli gations on the Entire District. Which Includes the City of Kennewick. Washington. We unhesitating recommend this issue of 6 Serial Gold Bonds Columbia (Munidpal) Irrigation District Price to Yield 6.25 EXEMPT FROM ALL FEDERAL INCOME TAXES Bonds Dated Jan. 1; 199- Due Jan. 1, 19329 Denominations $100, $500 FINANCIAL STATEMENT Act. Value (Est.) '. $2,624,295 Assessed Val. (1918) .. . . . . ... . . . 874,765 Bonded debt, including this issue. . 500,000 . """" ...d.:' ' j. Since the 1918 assessment Valuation was determined more than 1000 additional acres have been placed under irrigation. , . Full Information Upon Request flUlM I I UeJsVU UaaSayorAttUytlO Bonds Trusts . Acceptances : Lumbermens Bldg. INVESTORS REFUSE TO GET PANICKY IN STOCK MARKET VBj Broadsn Wall 'New York, May. 10. -The) sudden reappearance in life in the stock market Saturday suggests that Reds of Wall street may have driven the investors too fast in their wild de sire to. create a panic. There is a short interest of considerable im portance and Investors are scare proof.- ' , .; : t- , Loans are lower than at any time since the war began in Europe. The so-called laboring class is beginning to i realise that reduced proCtictlorT means higher cost of living and the men are not so eager to strike .as-they were ; a few rhonths ago.. They Realise that they are suffering in common with everybody and that they are profiteering as much as the corporations. j . ' PUBLIC WANTS REFORM The public is determined that the ex change shall be reformed and although the path of the reform is plain and rea sonable, the governors refuse to walk in It. Their only act in defense of the un fair tax which will defeat itself by its own grotesqueness is te start a cam paign of "education" of the public . By writing off JO per cent from all prices in his stores, John Wanamaker has called public attention to the large profits that retailers have been getting. The' average retailer has to get a profit of 80 per cent above wholesale prices in order to pay running expenses and de liveries. 1 Taking all classes of goods, the average retail price Is Juat about double the wholesale. Therefore if prices can be marked 'down 20 per cent and still leave a large margin of profit, by starting this reform Wanamaker has done a public service and has (crowded his stores with thousands of customers, RICH HOLD STOCKS , Transactions on the floor of the ex change have been - reduced - to less than 100,000 shares a day of real business If the purely speculative trades are count , Od OUt. :.' v- Rich men hold the stocks and they have taken them with some misgiving. Prices have ceased to have any relation to value. The market is in condition to swing widely in either direction, accord ing to the impulse'glven to it by public sentiment which is now all powerful. Which direction the swing will be seems at the moment a pure guess. The only reason for believing- the next Important movement will be upward is that the public is usually wrong in its estimate of market movement.. IfEW COTTOJT LOWER BUT OLD STARTS 'WITH RISE New York. Msy 10. fl. N. B. ) Spot in terest and Liverpool bought old erop deliveries at the opening of the cotton market today, causing an advance of 7 to 14 point in these months. New crop options, feeling the affects of liquidation snd short selling due to favorable weather over Sunday, declined 6 te 16 points in the initial dealings. At the end of, the first 20 minutes the list waa about 80 pointa net $ 9.00vr4ower oa new crop months. The market in tna late aeaunga waa iirra chiefly on New Orleans buying. The close . was very steady at an ad vane ot 16 points to a net decline of 8 point. Spot cotton waa - quiet today. Price un changed at 41.30. (There were no Bales. - . Open. High. Low. - Close. January ......... 84 85 March ......... 8880 May 4040 July ........... 3823 October ........ 8570 December ....... . 8480 8440 8390 4040 3833 8598 8600 8404 8356 4010 3787 3.149 8456 8440 8387 4030 8815 839S 3493 Money and Exchange j New York. Hay 10. fL N. S.) Call money on the floor of the 'New York stork ex change today ruled at 7 per eeht; high, 8 per cent; low, 7 per cent. Tim money was firm. Rate were 8 $ per cent. The market for prime mercantile paper was "Steady. ; Call money in loodon today was 4 per eent. ? Sterling exchange waa steady with business i bankers' bill at 83.83. for demand. bfsasaiisiCoi PACIFIC COAST BA?t at STATEMENT Portland Bank . Clearing. This Week. Year Ago. 5.861.372.83 Monday ...,$ 6,354,126.1$ $ - spsaan aanea CI serine. Monday ..........$ l,r06. 3(19.00 1.348.432.00 Balances Monday ........... Soaaaa asanas Clearing Monday ....... vv$ 6,558,219.07 Balances Monday i l,06Q,Qo.8 Tssema Banks Clearing Monday ......,....$ 1,19$, 623.0ft Balances Monday I. . ... . .. 404,046.00 San Francis Bank Clearing Monday : $18,942,828.19 Lea Anew! Banks Clearings Monday ,1.. ..... . $1 $.133,684.00 FOREIGN EXCHANGE RATES Corrected dafly r foreign exchanr deoartnunt Of the I'nlted State National bank. Opening nomina.; fata for' bank tranaartlon IMifU Gabl Par Checks Tranafer Value London Paemds Sterling ... 882 $ 3.88 $ 6.868B Paris Francs ..' e.S 6 6.3S -6.1824 Ham burg-Berlia ' Marks...... l.$4 1.94 28.82 Genoa Lire. .. 4 94 4.98 $.1820 Copenhegen Kroner.... 1100 18.l 26.86 Christians , - ft Kroner.. ..19.00 19.18 26.80 Stockholm Kroner...; 21.00 . 21.25 26.80 . . . 84-.00 86.75 ' Yokohama -:. 'i j, Yes 62.80 82.78 48.89 Ashland Y.gt Sales . Ashland, May .10. The Aihbolent- Egg to ciety ofAthlsnd and fietnity reports for April the i pf 6$14j doaen eggs t an sverage of 38 cents doaen. i- ff iiiiiiiiiiis T 3 ' l . : i . ' Exempt From Federal Income Taxe 1 Waeshington and Idaho G Bonds of Thriving MunicipalitiDG CITY OP sABCO, IDAHO! Klestrie light bends. Bated Jaly 1,-11$. das serially, I$$l so 1$$$. Price par to yield 8. Tiennmlsalion $1866. Principal and semi-aasaal laUrest (Jasaary aad Jaly) payable at the NaUoaal Bask of Com aaeree, la Hew. York City. . TAHCOTJTEB, WA8HI5flTOi Speelal asxessmeat bead. Bated' Marrh 8, 181$, estimated maturities, 1821 to 192$. Optional ea and after March 8, 1!S. Price, par to yield 8. juenomisatios, $269. payable at office of the Treassrer, Tanroarer, or eaartera of Morris Brothers, .!, CITY OF KELSO, WASHINOTOWl s, lea, jr rice par, so yieia par, to yield 67r, snai uursil (Mare ea l aad Hestember JLaiso. Morris Broth eus m OsicMiuieN pO.L WA0 Hremierunictpal iDondJlouso Morris Bldg 899.11 mark St, Bet. Plftk aad Sixth Ttlepaeae Broadway $ui .iiiiiiiiiiiiiiiiiiiiiiiitiiiiitiiiiiiriiiiiiiiiiiiiiiiiitiiiiiiiitiiiiiiiiiiiiiiniif t iiiiiiiniiii-i A cbf lpany has been organized for the purpose of selling moto j vehicles in the Pacific Coast country. Theyf have, secured a distributing franchise for one of Americans greatest trucks; their territorial rights em brace, the State of Oregon, Southern Idaho and Southern Washington. " ... Several of the best pleasure cars and tractor lines are available which no doubt will be considered later. Now ;is. your opportune time to become associated with one ofethe greatest selling organizations in the Pacific Northwest. Full information and status of company cheerfully given. ANDERSON 15 110 Tenth Street, Pittock Block Portland, Oregon Phone Broadway 245 T'llllll UIIIIIIUIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIlllllllIIIUIIIIinUIIIMIIIHIlii I . Straining for that' extra one per cent is not the wisest course in making invest- ments. Demand safety first, and then f look for the highest rate obtainable. i j "The House Built Square' (Hastens & Rarlesa Incorporated Gorernment, Municipal and Corporation Bonds Third Floor U. S. Bank Bldg. Broadway 4103 ?ut md Swll U. S. Cevwrmaaeat, Foreign Cwvernoienl tavUrval. Ptkbiki UttHty, Udu.trUL Mti-leipaJ I BONDS . .!; ! ; QawUtssma Up Reqnast tavtrla titig PartiamsJ, Of. ' - Talaphaae MeraVeT 6SS ' - AND PfllNTaXRS Fiasr and Oak Streets MMS l$S Avro !! Irrigation Project Bond Issue Safe. Says Farmer Smith Fanner C L 8mlth, nationally known agriculturist in the service of the O-W. R. k N. railroad, was .the principal speaker at a luncheon tendered him in the Benson by the officials and sale force of the Lumbermen Trust company Sunday. His sddreos was about Irriga tion systems, of which he is an author ity and enthusiast, given mainly in an swer to widespread inquiries reKardlnf the advantages. which bond Issues on ir rigation districts have from the stand point of the Investor. "Bonds purchased on Irrigation proj ects are by far the safest and the bent kind of an investment," stated Smith, "because they are a blanket mortgage ' against all the farms and lands under going Improvement and, with all moncyr passing directly into the county treas urer's hands with every dollar account ed for. Moneys raised by the issues go straight back yffito the district, which again Increases Its worth and its productiveness. New York-London Silver New Terk. May 16 (L N. 8. ) Commer cial bar silver was unchanged today t 1.044. London, My 10. (L N. 8.) Br silver was d lower today at 61 d. Prlselpal and aaanal interest (Marrk 8). Water bond. Dated Mareh I, 12$, dae Deaomlsatloa 31SSS. Prlnrlnai sad semi. i, payable at office of City Treasurer. ttraausei OwaQuMvit i Ctnvuev . BROTHERS 11 l ' IllillliUllllllllliJiJIIilliiiiiillil ml &COMPAN J FACTS o. $22 .,.,.. . . u. . r n , m a VARRENITE BITULITHIC laid under expert supervision and in spection,! has demon strated its supremacy in every state in the Union, j Anti - skid, anti - rigid, anti-crackj anti -dust, anti -noise. WASKEK BROTHERS coMf.r