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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 19, 1920)
THE OREGON DAILY JOURNAL, PORTLAND. WEDNESDAY, MAY 19, 1920. 15 PACKING INTERESTS; GRAB TILL MAKE IS GREATER Tillamook has made to date thia aea aon about 10 per cent more cheese than a year ago an every pounu vl It has been sold for fi-eah consumption. At thia time a year agro mere mu ... supply of cheese being moved info sior-I eg. Tha'. the output of cheeM at Tillamook iaininc ft. u tha word brought to thia cttr by Car! HabrtaeB. aretarj-lemao of tha Tillamook Creamery association, wfeich owna most of tha cbaesa factories in the oted auc tion. . - "Whlla abort time ago wn abosit 20 ptr ernt ahead of a jrar ago in output." aaya Mr. Haberlach, "tha recent cold wsaihcr has eurtailetf tho aupply of Bulk. "Wm are now about at out flnah" produe--jon period, the TillaAook ereaoiery alone re Ceivtn oer 84.00W pounds of milk daily. ' "The moat wonderful featnr of th airoa-' Hon is that have aotd all tha cheeae we manufactured up to ihii time and- every pound o." it I being placed and sold, on the market at full prices. Not a aingle pound has been mored into atorage. while a year ago at thia time, tha stocka were being mored into tha ice bcnnet," Wonl that the Coos & Curry Cheese asaocia tion had quit and that the makers there-, were tfcmoralixad. has reached the Portland trade. It is Uted tliat Coos-Curry cbeeaa is being offered down to 28c a pound, and some reports in dicate that een iowrr value hate been made,' while ; Tillamook is still quoting the prices that hare ruled tor nearly seven months, a most ex ceptional record. Those desiring special report on any market should write' the Mrrt Editor, Oregon Journal, enoloeing stamp for reply. B UTTER TRADE HOLDING WELL While a local creamery, which is likewise interested in ire cream and speculation, is try ing to beat down the price of butter, the gen eral market for extras is showing a steady tone at unchanged prices. - - EGO BIDS AT 4 CESTS DOEIf Moat f. o. b. buyers were quoting 40 cents dosen for current receipt eggs for Portland de livery during the day.. Efforts to depress the market - to aid speculators hare failed entirely bare. Outaide lUuWt "ontinue. ANOTHER CAR OF TOMATOES IS fvsiea of California tomatoes of the An baa been received by the Pacific Fruit t cfoduce company. Late arrivals are ripe and the condition generally good. Sales at SS.2S0 S3. DO four-basket crate. CHICKEN MARKET IS' VERT GOOD Market for chickens is showing a eery, good tone along- Front street. Sales of heavy bene are shown up to 3Sc a pound. Tnere is a good demand for lightweight stock, but prices v are unchanged. . CABBAGE MARKET RULING LOWER Lower prices are being named for cabbage here as s result of congested supplies from tha south. Saiea are made as high aa 4 He a pound. but much business is below that. BRIEF 3TOTE8 OF PRODUCE TRADE Veal market continues weak. Country killed hogs are easier. i Asparagus is firmer and higher. ' S Old and new potatoes are lower, New onion market extremely weak. .WEATHER NOTICE FOR SHIPPERS : Weather bureau advices: Protect - ahimnente during the next 86 hours against the following! maximum temperatures: Going north, 70 degrees;, northeast over 8.. P. & 8- railroad, 78 degrees; east to Baker, 78 degrees, and south to Ashland. 83 degrees. Maximum temperature at Portland tomorrow, about 75 degrees. WHOLESALE PBTCEH IS PORTLAXi, These are prices retailers pay wholesalers, e rept aa otherwise noted: Dairy Proejuota. " BUTTER Selling price,, box lots: Creamery, prime parchment wrapped, 64 lb. ; prime first, 52c lb.; firsts, Sle lb.; smaller lota at an ad vance. Jobbing prices: Cube extras. 49 & 49 He lb ; prime firsts, 40c. ' BUTTERFAT Portland delivery basis. 63 9 B5c; country station, 51(S2e. OI.EOMAHOABINE Best brands. 40e; ordi lary. 83 He; bakers, 33c; nutmargarine. 1 lb. rton. 32c lb. . CHEESE Selling price: TiTlaannok. fresh Ore jon. fancy triplets. 8 5 8 0c lb.; Toung Amer ica. 87i8o. Prices ta jobbers t. 6. b.. Tilla mook triplets, 82c; Young America. 83c. S-1H uiwi iiiHifw, r-. -i ine nrire: Cream, bricks. 40042c Belling! price: nines OWU, 1 C 1 I" , unmmicr, ive 11. . lb. ECUS Buying 'prices: Current receipta. 40c; rsndled. celling price, 43e: select, 44n. ' I ITR POl'T.TRT Selling price: Heavy hens. 84 085c; light hens. Sic; spring light. 8285c; heavy. 40 42c lb.; old roosters. 20c lb.; squsbs, 88.00; pigeons. 81.5002 00 dosen; turkeys, live. ( lb.; dressed, 45e per lb. . Freeh Vegetables and "curt FHESH SRCIT rsnge. 85.25 9. 75 per bi.x: bananas, 10 H Mile lb-; lemons. t0e 6.25 per crate: Florida grapefruit. 87.00 8 7.5: California. $3.508 76. APPIS Various varieties, local. 81.25 4.00. - . DRIED FRUIT Datea. Dromedaries. 87.50; W . , AA - Vaw . hUIh, a f IUU. I Brae, w . . -.." Muscatel, 16c per lb.; figs. 83.50 5.50 box. ONIONS Selling price to retailers. Oregon. 87.00 per cwt.; California yellow, 83.25; while, IS 50 8.75 crate; garlic, 60c per lb.; green onions. SOo per dozen bunches; onii seta, 17 18e per lb. ' POTATOES Selling price. Oregon fancy. 86.n07.00; Gems. 87.oo cwt.; buying price, 85.00: new. 10 11c lb. - BERRIES Strawberries. California Dollars. 88 2 S( 3.-50; Oregon Dollars, 85.00 6.00. . VEGETABLES Turnips, 85.00 per , sack; carrots, 84.00 4.60 Back; beeta, 85.00 if cab bage. California. 4 He; lettuce. 82.00 8.00 crate; cucumbers, 31.5O8.00 dosen; toma toes. 85.50 6.00; egg plant, 50c lb.: brocoli, 81-25 2.25: bell peppers. 75c; sprouts. 17c per lb.; celery. 1.50 per doaen; peaa, 1218c lb.: artichokes, 81.251.50 doxen ; asparagus, Oregon. 81.65 dozen bunches; .Walla Walla, 81.75 pyramid. Meats and Provisions COPNTRT MEATS Selling price: Country hogs. 21 22c lb. for top blockers: heavy, 1 8 20e; best veal. 20e; heavy veal, 18 18c 'lb. SMOKED MEATS Ham; 8944c per lb.; breakfast bacon, 85 56c; picnics, 26c per lb.; cottage roll, 88e per lb LARD -Kettle, rendered. 27c lb. ; standard 25c; tierce basis compound, 24c 'V Fish and Shellfish FBESn riSH Salmon, fresh Chinook. 20 22c; halibut, fresh. 20 22c lb.; sturgeon, ( ) ; black cod, 10 Uo lb,: silver smelt, lOe per lb.; kippered salmon, 82.60 per 10 1b. basket; kippered cod, 82.00; Columbia smelt, Sr per lb.: rasor clams, 85.00 box; crabs. 82.60 8.50 dosen; roe shsd. 10a lb.; dressed shad, 6c lb. ; ling cod, 6 8e lb. -, Qracerlea, . SFGAR Nominal pricea, refinery basis; Cube, 825.10; fruit and berry, 824.25; D yellow, 828.65; granulated. 824.25; extra, C. 823.83; golden C, 323(75. HOSKI New. 87.00 7.80 case. : KICK Japan style. No. 1, 18 He; New Or leans head. ( ) ; Blue Rose. 15tte per lb. SALT Coarse, half ground, 100s. 817.25 per ton; 60s. 816.7S; table dairy, 60s. 817 25; bales. S.304.00; fancy . table and dairy, 880.50; lump rock. 826.50 per ton. BEANS (Salea by jobber): Small white. T-.l-e per lb.; large white, 7 He lb.; pink, 8 He lb.: limas. 12Hc; bayou, llHe; reds, lBHe; Oregon beans, buying pricea nominal, 5 He lb. CANNED MII-K Carnation. 86.35; Borden, 86.86; Aster, 86.25; .-Eagle. 811.23; Libby. 86.25, Mount Vernon. 25 per case, COPFEE Roasted. 84 w 48e in sacks or drums. SODA CRACKERS In buik. 17 He per lb. NUTS Walnuts, 35 40c per lb.; almonds. 38c; filberts.. S2e in sack lots; peanuts. 15 10c; pecans, 25c; Brazils. 30c STEAMER "HARVEST QUEEN" Daily Except Saturday to Astoria O-W. R. R. & N. steamer "Harvest Queen" now leaves Portland, Ainsworth dock. 8 p. m. daily except Saturday for Astoria and way landings. Returning leaves Astori? 7 a. m. daily except 8un- Stoeks. Bonds, totroa. Grata, Ete." tl(-tl7 Board of Trade Baildlag Overbeckt&CookeCo. DIRECT PRIVATE WlRES TO ALL EXCHANGES Member Calear Board of Trad respondents - lesn v. Of Leg-aa Bryaa New Tors 100 CHEESE MARJCET BASKET j By Hymaa H. Cohea Cantaloupes have really entered the Portland market. The Ryan Fruit com pany received the Initial shipment from California but it wu Bold to a Portland hote. and for that reason will not be offered In the retail ahopa. The price re ceived wu $20 and the - crate received contained 17 melons, a very liberal price. Supplies of cantaloupes are expected to pnrtin th. ,.n t,, within . r . . . a' few days and . quick, drops in prices may be expected by consumers. nepons indicate that the . cantaloupe crop this season will, be a very heavy one. Oregon j strawberries are coming In slightly greater supply but the quality is really not as good as the California stock because of its heated condition. It will' be about a week before the move ment of heme crown berries will become aeneral. s . i Th. fnn.J-. n4.u. H . M X. ,1.. . consumers are expected to pay retail stores. 1 Ouality quoted is tha average, fancy stuff being sugnuy Higher and inferior stuff fractionally lower. t i - . Butter Beat creamery prints. 69 le. Eggs Fresh laid, 45c per dosen; fancy fresh. 48o per dozen. - - Poultry Chiekena, dressed. 4So peg pound; geee, .dressed. 45c per pound. . Fish Salmon. SO 85c per lb.; balfbult. 2580c per lb. I Flour Beat local patent, $3.00(94.00 per sack 49 lb. .7 - i . Potatoes Burbanks, fancy, 88 pound: aweets. 12 He par pound. . i Onions Dried, 8c per lb. Generally Weaker i Tone in Livestock At North; Portland : GRASS CATTLE RECEIYH!D " j ( First gragg eattle of the season, a banch of IS load of Catiforaia staff, wag recelred In the North! Portland alleys during th day. Best offerings ef grass steers went at 111.85. 1 : r.:; POHTLAND LIVESTOCK RUN ' j Hdks. 'Cattlej Calves. Sheep. Wednesday;. 481 461 . 895 Week ago 193 185 242 Two weeks ago ..... 751; 83' 10 5U Four weeks ago ..... . . ;i 98 ... . 41 Tear ago i... ; 28 44 2 16S8 Two years ago ...... 503 203 19 631 'Three years ago..... 170 122 9 104 A I Four years ago. . .-. 533 502 . . . . 104 General depression was shown in the livestock market for the diay at North Portland, although receipts were mod erate. Prices generally were lower. 1 Hog market ruled with a: further loss of 15 0 25c generally at North Portland with the run moderate, Tops were commanding no higher J than 815.85 and few ealea could be confirmed at that. . General hog range Prime mixed .814.75 15 SIS Medium mixed . ....... i .... - 18.75 14.75 Smooth Heavies ....... J .. 1 1.00 & 1 8.25 Piga- . ... .1 .-. i.... 12.00 18.75 Hough heavies ..... . . . . J . . . . 10.00 11.00 Cattle Situation j Depressed Situation in the cattle market at North Port land was depressed for the; day. - Receipts were moderate, but demand waa practically nil at for mer prices.) No sales were made at tha open ing and lower values were due late In the day. General eattle market range: Beet beef steers ..... i .... 812.25 0 18.O0 noice steew .... 4 . Good to choice steers. ...... . Mtdium to good steers ...... 11.50 12.25 11.00i11.6O 10.00 11. OO 8.00(a) 10.(10 8.00 & 9.00 10 25 11.00 9.00 10.25 8.00 8.00 7.00 8.00 6.00 6.00 6.00 0 00 9.00 12.00 9.O0 12.0(1 6.60& 8.(0 8.00 IS 8.50 rair to good steers ...... Common to- fair steers .L.,., Choice cows and heifer, . .1 .... Good to chefce oows and heifers. Medium to good cows and heifers. Fair to medium cots and heifers. Cannera .. ..... v', .. . . 4 . . . . Bulls . . . . . v. . . ..v Itest light calves .. , .... . . . , . Medium calf e .............. Heavy calves ................ Btockers ana fetders .... 1 ... . .Mutton Very Slow i" "' Market for both mutton and lambs ruled alow and somewhat depressed at North , Portland for the Wednesday trade. Receipts were small. There .was w change in the price of spring lambs, but yearlings were i weaker aud lower at lamos. vui -jesruntcs were (weaneir atu lower K tin linen whit, a . 89.00 11.00 for. the day. General, sheep and Iambi range: Spring lambs ........... ... 81 5.00 (JS 1 6.56 Cull lambs ..... ...... 100012.00 Yearlinga 1 ............... . 10.00 12.25 Wethers . t. . . ............ . 0.00 ft; 11.00 Ewes I .', 6.O0 .00 Wool sheep bring the Usual premium above shorn. - j . j j - Tuesday Afternoon Sales . ' -i i , STEERS - - ' No. A. IAs. Price. So. Av. Uba. Price; 6. . . . 666 3 8.40 I cows . - 1.... 70 $ 8.75 1..,.. 440 361.00 I..-.. 160 116.00 L il.... 270 8 9.00 130 15.00 110 18.00 1 . 180 12.00 r , 2.... 2... -1... 1... 1... 4... 2. . . 2... 60... 1... - 1.. . 8... 2. .. , 7 . . . 1.. . 12.. . 131... 18... 44. . . 8... 8... 1... 6... , 7... 5... 102... 2. . . 12. . . 45... 14... 10... 5. . . 1 ... . 267. .. . 805 v 160 .1820 . 960 247 . !8A . lfB . 150 . 840 . 480 . 169 . 215 . 174 . 610 . 194 7.60 1 , 11. 15.60 I I BCLLS 8 T.75 I , 1. 7.00 i 480 3 .8S HOGS: 3 6.00 12.25 6.00 13.50 13.50 11.60 15.25 13.00 12.23 12 00 8. . . 226 $11.25 124 18.25 53.., 26... 1 13. .. 6... ' 6... ii... 91 190 205 212 170 .4 70 420 213 220, 13.25 15.23 15.50 15.50 15.25 10.00 12.00 .15.25 16.25 13.25 14 ... I -AM B3 66 815.50 77 15.25 63 15.25 65 , 12.00 7... 1... 60 $15.25 70 16.25 , 70 15.50 .60 12.00 100 8.00 ,150 6 00 108 ' 9.50 61... ' EWES 118 3 9.00 110 7.50 93 6.60 114 6.60 5... YEARLINGS 84 3 8.00 T8 8.00 140 10.00 86 13.00 96 12.75 105 1300 11.. 87 54 75 86 90 3 8.00 12.25 10.00 18.00 13.00- .11... i9 82. . 21.. '. WETHERS 1ZZ 311.00 104 10.50 115 ' 11.00 160 ; 10.00 269.. 107 $10.75 125 11.00 131 11.00 150 10 00 210 7.00 12,. 85.. 91 10.25 ' ! bcck; .160 $ 8.00 MIXED . 94 $11.00 I 12., .110 10.00 J Wednesday Morning 39. 1 . 165 $ 8.00 Bases At. lbs. Price. . .1115 811. 85 . .1186 11.85 STEEKvS Av. lbs. Price, I No. .1113 $11.83 1 24.,.. .1110 11.85 i24... COWS . . 7T0 8 6.00 I I ' -BULLS . 890 $ 6.75 i: HOGS . 192 $15.25 I j T. .. . 181 15.25 j 128. LAMBS No v 23,., 25.. 1... :i590 $ 7.75 I 171 $15.25 ,, 206 13.25 5 . .... 40 ' 62- $15.35 , 5.. . 62 $12.50 LIMIT TV MAT COTTOX ; REMOTER; 15 SfEtV TORK New Tork. May 19.- t N. S.). A jump of 8 points in May contracts and the suspension by the board of managers of the 200 point limit on May contracts were the features attending the opening of . the cotton market today. At the end ef the first 20 minutes May contracts were off 20 points from the top and 'new crop de liveries about 25 points below the previous close. Spot cotton was steady,; 40 points higher, at 43 cents. No salea.- i - The future market rallied slightly in mid afternoon on covering, -advancing about 20 points from the bottom, i The selling- was re sumed agaia near the close and last prices were 80 to 86 points net tower except May. which closed 86 points net higher. Furnished by Orerbeck A Cooke Co., Board ot Trade building Month. January February ....... March ......... May ........... Jnne .......... July ......... AUKUst . ...,,.. September ...... October ....... November .... . . December . . Open. 3473 High. 8482 Low. Cloe. 3390 3305 3373 8340 3345 4230 4246 .... . 4075 8858 8883 3810 3X10 . . . . 8680 8554 ' 8370 .... 851 5 8461 3460 3420 8425 4198 t 4298 8941 3820 8941 3820 --.-. . . . . 8635 j 8643 8540 j 8542 STRAWBERRY iSUPPUES.. BERRY CORNER IS 111 I! Almost a complete "corner" of straw berries of the local territory baa been Ftcured by- two interests. One packing company, which works with the Japa nese, has gobbled control of all the fruit to be raised by the Orientals of-this seetion the present season. mot of the berries grown ih thia : section by the vhite producers. The latter eomnan is said to hava made contracts in which it agreed to pay the producer the highest price for atraw benie that ruled en the day that delivery was to be made. Mot only has the company been alleged to have promised that, but the packages are u be returned to the grower when empty. This-means that unless aaraething nnfonsoon happens, the Portland territory win be com pelled to look elxewhere for its requirement of strawberries during the present season. A lew crates of local berries earn forward J""" "l 1Uy- but were not in good eon- dlti,?!Vjfi?' m"d6 mt 14 cr- California strawherriee mmtm Iw . r.i. mnniv but the carload shipment was delayed until too late for the Wednesday trade, 8ales of fresh receipts were shown around S3.253.fi0 per crate -of 20a. i . May Corn Loses 9 Cents in Pit - Chicago, May 19. (I. N. 8 ) Liquidation by outside holders caused a wild half hpur on' the- Board of Trade today and precipitated the long-overdue break. The close, however, wag on the upgrade, with half the loasea in corn re gained and oat closed to the top figures of the day. Local bears Joined the selling movement and prices slumped lDKr for Hay corn, 4 0 5 for July and a shade less for September. Oata opened lower, but were held in compar' atively narrow range, but rye sold' 6 8 He lower. May 'oats waa the only future to close higher.' -i . Prominent commission houses supported the market at the drastically lower levels and brought a rebound in the first half hour that carried May corn up 8 cents to 1 cent above its open ing. This waa followed by a second break when spot corn started fl7c lower. Price swings were so violent that in many in atancea there were differences of 1 cent be tween trades and for time it seemed that the market had no bottom. News generally favored the beara, but the chief Item waa the liquida tion by country holders. The rail situation -waa unchanged and Iowa reported farmers offering more grain than tha elevators could hold?. At the close May corn waa 5 He under Tuee day'a finish; July off 3 H 2 c. and September 2H2c May oats finished He higher, while July waa H"?4e lower and September H 4e off. Provtfiona eloaed higher. ' " Chicago. May 1 . (P. P. ) Hit corn fell 9 cents en the Chicago Board of Trade today. Continued reporta of declines in commodities, to gether with increased receipts, favorable weather iul . Urn., ntimh of er va i I a h 1 war Kairl by tr.,ters to be responsible. July corn waa off 8 cents at 81.67. September corn waa down 1 cent at 81.57. Oata were off from a fraction to s cent. Later -the market recovered alightly. May corn gained 8 cants. - Range of Chicago prices as furnished by the United Prose: - ., . - CORN Open. High. , May ..V..J 18V 18 Low. 180 165 155 103 874 74 Close. 185 167 H 15V 104 V 89 75 July Sept. May July Sept. 1K 1 ..... 168 irv OATS ...... 103 1044 ...... 89 89 ..... 74H 75 PORK , May . . , July ... . , May July .. . . May . . . . July . . . 8522 S662 . 2010 2070 1755 1840 8637 2020 2075 1765 1840. 8602 LAKI 2020 2100 BIBS 1705 1847 8620 2010 2070 1755 1832 AMERICAS LIVESTOCK PRICES Denver Hogs 314.30 . Denver. May " 19. '(C. P. Cattle recelpta 900; .low, 25o higher. Steers. $10.50 12 50; n and heifers, $8.00 10.75; calves, $14.00 015.50. Mog- Recelpta 1900, steady, ' lOe higher. Top. 814.85; bulk, tJ 3.35 13.83. Sheep- Keeelpta, 200; unchanged. lamlWi 317.5018.25 Ohicage Hoes 31.70 Chicago, May 19. (L N. 8. ) Hogs T?e ceipU 20.000. Market 5 3 25c higher. Bulk 813.T5 (14.60; top. 814.70! Heavyweight, $13 40 14.35; medium weight. 114.10(a) 14.70; light weight. $14.35 14.70; light lights, 813.60 14.60; heavy packing sows, smooth, ( 1 2.00 1 3.00 ; packing sows, rough, $11.65 12.26; pic, $12.00(818.75. , Cattle Keceipts 7000. Steady to strong. Beef steers,, choice and prime, 812.60918.65; me dium and good. $1 1.25 12.60; good and choice. $12.2$ 13.65 ; common and medium, $9.75 12.50. Butrher eattle.-heifers. $8.00 18:60; cows. $7.75 1 1.75 : bulls. 87.25 11. oe. Carners and cutters, cows and heifers $6.258.50; Teal calvea (light and handy weight), $10.5013.50; feeder steers. $9.00 11.76; stocker steers. Jl7.7511.00; atocker cows and heifers, $7.30 9 9.75; atocker calves, $7.60 010.50. Sheep Receipts 10,000. Slow, unevenly lower, Umbt (84 lbs. down), 81 3.60 17.25 : lambs (88 lbs. up). 815. 00 17.00; lambs, culls and common. 811.00 914.75; yearling wethers, $12.50 15.00; ewes, $9.00 12.60; ewes, culls and common, $4.50 8.75; feeder lambs, $V?-00 13.50. : a Omaha Hoos $14.28 Omaha. May 19. (L N. S.) Hogs Re- ceipU. 10.000; active. Bulk. $-13.40 914.00; top. $14.25. Cattle Recelpta. 4000; steady to 25e higher. Stockers and feeders, steady. , Sheep Receipts 4000; generally steady. Spring lambs, $17.50. i . Kansas City Hog $14.40 Kansas City, May 19. (1. N. 8.) Cattle Receipts 3500, weak to 25c higher. Steers, $9913; cows, $8 9 12;, stackers and feeders, $6 911; calves.' $8 910. Hogs Receipts 14,000; 10 to 16c higher. Top. $14.40: bulk. $13.75 914.80; heavies. $13.60 9 14.25: mediums,; $14.10 914.40; lights, $14.10914.00; pigs, $12913.75. Slieeo- Receipts 5500; steady. Native lambs, $17.80? . Seattle Hoos 81S.76 Seattle, May 19. (I. N. S.) Hogs Re ceipts. 164; weaker. Prime lights, $15,259 16.76; medium to choice, $14.26 915.23; rough heavies, $18.26 918.76; pigs'. $12,00 9 13.00 ' ! , : . Cattle None. , Sheep None. . . PACIFIC COAST BANK STATEMENT - Portland Banks Clearings. This Week. , Tear Aga Monday ....$ 7,880.100.17 $ 5.89V.664.11 Tuesday ....$ 6.873,702.91 5.158.737.29 .Wednesday .. 6,323,707.57 6.319.925.78 Seattle Banki Clearings Wednesday ,.......$ 6.644,213.72 Balances Wednesday . .... , 1,636.729.35 . Spokane Banks Clearings Wednexday. . . ... $ 2,168,546.00 Balances Wednesday . : 856.020.00 San Francltoo Bank Clearings Wednesday . .... ... $27f9.1 56.41 - Los Angeles Banks Clearings Wednesday ..... . . .$13,720,207.00 DAIRT PRODUCE OF THE COAST an Francisco Market San Francisco, May 19. (U. P.) Butter Extras, 66 Vie; i prime firsts, 55c ' t" Eggs Extras 46 9 46 He; extra pullets. 40 He; undenixed pullets, 32 He. Cheese California flats fancy. : 28c; firsts, 24 He. - . ' ' : Seattle Market - ' c - Seattle, May 19. U. P.) Butter City creamery extrae cubes. 63c; bricks, 64c " Eggs Fresh ranch, 45c. i Cheese 319 33c. ' Raw milk 82.60. - Lee Anostes Market '. 1 " Los Angeles, May 18. (L N. 8.) Butter Extras. 56c . , . Eggs Extras, 44e; eaea count, 40c; pullets, 39c; peewees. 29c f , Live Poultry Hens. 26 984c; broilers, S4e; fryers, unquoted, ; Chicago Palrr Prod sea Chicago. May 19. fL N. 8.) Butter Re ceipts 9815 tuba. Creamery. 56 He: standards, 53 9 55 e; seconds, 4.2 9 51c; parking stock. 86 9 89c Ego Receipts 24,199 eases. ' lsjacellaBeoiis. 39940Hc; ordinary firsts. 37988c; firsts, 41 942c; checks. 88 9 84 He: dirtiea, 83 9 S3 He Cheeae 28 H 929c; dairies, 29 He: Teung Americas, 80 He; Longhorna, 80 H 9 Sle; brick. 29929He. Live poultry- Turkeys, SSe; chickens. 37e; roosters, 20c; geese, 20c; ducks, 36c Saa Francisco Ponltry Market San Francisco. May 19. . (I. N. & Broilers, 85 9 37c; large hens, 88 9 40c; best ducks. !t29& , - SHO M M MAD (XT 111 111 I.IHIIIVLI GENERAL DECLINES IN STOCK MARKET ; Nw York, May 13. (X, & Prices continued their downward course at the opening of thl stock market today. initial losses ranging from fractions to I points. Business 4ras on a a mill scale. Steel common fell to 93. Royal Dutch was In supply, yielding 2 points to IIS. Crucible was off S points to 135 and Baldwin after selling ' up to 115 dropped to 1144. i S " ; Stud baker wag" weak during the first hour, declining S points to below A7 and losses of l.to S were made in many- of the other indus trials. American Woolen dropped 3 H to 103 H . U. a. Steel sold down to 98 H , a loss of 1H, and Baldwin ranged from 115, to 118. United Betail Stores, which waa a strong fea ture yesterday, waa . also in supply, declining 1 la to 74. i New Tort, May 18; fL N. 8.) There waa a general tumbling of values on the stock mar ket today when traders, alarmed st -the strained credit situation, offered stocks in large blocks. Prices crashed from 8 to 15 points and the low levels of the day were established at the close. , : . I - Steel common dropped to OH, the lowest price touched in a long time, but rallied to 80 H at the close.. Baldwin declined over 8 points to 107 and : the other rteels feu from 2 to S point'. A toes of 23 points ' was suffered in Standard Oil of New Jersey, which sold at 650. Mexican Petroleum was 15 points lower at 165 H. Pan-American was offered in large blocks and dropped over 10 points to 91, rally ing to 03 H at the close. ' Motors, robbers and rails were not spared in the general alashing of prices and nearly all closed at the lowest prices, reached in many months. Liberty bonds con tinued under pressure, although some rallies were made at the finish. Other bonds were weak. Heavy selling of Liberty bonds continued this afternoon and new low records , were established.) aecona : s aroppea su cents to eoz.uu, me lowest price ever reached. : Furnished by Orerbeck ss Cooke Co., Board sr Trade building DESCRtPTIONl 1 Open High Low t Close Akv.ka Gold ..... 1 T 1H 1H Allis Chalmers..... 83 83 32 H 32 H AUey Steel....... 41 H 41 H 41 H 41 H American Agr. Chm. 82 H 82 H 82 82 Am. Beet Sugar., 93 H .93H 89 80 , Am. Can, c 40 40 38 38 Am. Car Fdy 130 H 130 128 128 Am. Cotton Oil 41 Am. H. L., c. . 18 18 16 16 Am. Int. Corp 85 86 -MS 83 H Am. Linaeed. e.... 83 88 78 70 Am. Loco., o 93 H 93 88 H 88 Am. Ship st Com. 20 20 19 19 Am. Smelter, c . . 69 59 67 57 H Am. Steel Fdy 89 39 87 37 Am. Sugar, e 127 127 126 126 . Am. Sum. Tobae. . 89 90 85 83 Am. TeL A Tel.. 93 93 92 83 Am. Tobacco . . 224 224 211 210 Am. Tobac Sec... 57 57 63 53 Am. Woolen, c... 108 108 101 101 Am. Zinc. 14 14 14 14 Anaconda M. Co.. 56 56 54 55 Atchion. e 78 78 -76 77 AMontlc G. A W. L 164 165. 164 153 Baldwin Loco., c. . . 115 115 106 107 Baltimore A O.. e. 32 32 SO .30 Bethlehem Steel. B. 81 81 85 85 Bowh Magneto 105 105 101 101 Brooklyn R. T. .... 12 12 11 11 Butte A Superior... 22 22 21. 21 Canadian Pacific .. 114 115 112 112 Central Leather, e.j 68 68 65 85 Che. A Ohio .... 61 51 I SO I (II Chi. A Gt. W., C I ...... 7 C, M. A St. P.. . . 83 83 82 32 Chi. N-W. ..... 78 78 j 77 77 ChHe Copper 15 15; 14 14 Chino Coimer .... 81 31 294 8 Col.. Gas A Elec... 56 66 60 50 Cole. Fuel A I. ... 30 80 20 29 Conv Gas ........ 80 80 80 78 Corn Prods., o..:.. 9 93 88 88 Crucible Steel, e .. 186 136 128 128 Denver A R. G., c. 3 5 5 6. Erie, e.- 11 11 11 11 General Cigars.... 63 S3 61 60 General Electric... 140 140 187 187 General .Motors... 27 27 25 25 Goodrich Rubber.. 61 61 59 59 Gt. Northern Ore. 85 35 84 84 Gt. Northern By.. 73 78 71 71 Greene Cananee. . . 80 80 '80 SO Cililf States Steel.. 61 63 59 58 Illinoia Central.... 83 88 83 82 Indus. Alcohol ... 86 86 81 81 Irspiration Copper. 61 51 50 50 Infl Paper ...... 71 71 85 65 Infl Harvester...: 121 122 118 118 lit Mer. Marine, e. 81 81 28 29 Int. Nickel ...... 18 18 15 16 Kss. City South., c. 15 15 15 15 Kennecott Copper.. 26 26 25 25 Lackawanna Steel.. 74 74 66 66 Lehigh Valley ... 41 41 41 41 Mat well Motors, o. 22 22 22 22 Mex. Petroleum .. 178 , 178 165 165 Miami Copper .... 21 21 20 20 Mldvale Steel 42 42" 41 41 Mo. Pacific, e.... 23 23 23 21 i National Enamel . 67 67 HI 65 65 National Lead .... 76 76 75 75 , Nevada Con 12 12 12 12 New Haven 28 - 28 27 27 N T. Air Brake . . 99 . 99. 5 95 N. T. Central 68 68 66 66 JKorfolk A Western . 88 88 88 H 88 Northern Pacific .. 73 78 71 71 Ox la. Ref. and Prod 4 4 4 4 Pan Am. Pet, e... 101 102 91 93 Penn. Railway ... $9 89 H 89 39 People Gas 82 33t 80 30 Pierce-Arrow 53 63 48 48 Pierce Oil 16 16 16 15 P. S. C., e 97 97 - 81 82 Ray Cons. Copper . 17 17 16 16 Ry. Steel Springs . 92 92 90 90 Reading, e 85 85 80 80 Royal Dutch- .....114 114 111 111 Rep. L A 8.. e. . . . 92 92 86 86 Rock Inland, e 85 85 81 31 S hat tuck Copper. , 7 Sinclair Cons ..... 84 84 83 83 Slosa Sheffield 66 66 64 63 Southern Pacific . . 94 94 90 91 Southern By., c... 21 21 20 20 Stromberg Motor... 66 66 61 81 ' ' Studebaker, e.... 69 69 62 63 Shell 75 76 78 78 5- 23 23 22- 22 Swift A Co...... 118 113 111 111 Tenn. Copper, j .. . 10 10 10 9 Texaa Oil . ....... '47 47 44 44 Texaa Pacific...... 42 42 88 88 Trans. OU 15 15 13 18 tnion Pacific, c. . . 115 115 112 112 TJ. B. Rubber, e . . 94 94 90 90 H I" i""1- R- 60 60 58 68 Hi J8- J1- 94 94 94 80 Utah Copper eg 48 66 66 Vanadium Steel .. . 74 75 69 69 Vir. Chem., e 73 73 69 69 Wabash .. 7 7 7 7 S.85'., C."! 8S 85 2 84 84 West Electric . 47 47 45 45 Willys Overland.... 17 17 17 17 946 000 "l6 ,tock,: 1.196,600; bonds. $25,- f Llbertr Bona Sales (Furnished by Orerbeck A Cooke Co.) upen. itign. Low.' Clooe. Liberty. 8 Via... Liberty. 1st 4s... 9070 9080 8380 8240 8460 860 8660 8300 9500 9496 9026 8300 ' 8180 8450 : 8630 8630 8254 9492 9486 9030 8304 81 90 8450 8630 8630 8280 9494 9490 8330 Liberty. 2d -4s 8280 Liberty. 1st 4a.,84 50 Liberty, 2d 4 a. . 8660 Liberty 3d 4 a.. Liberty 4th 4s. Victory 4t ... Victory 8a .... .8660 8200 9500 9490 Xew York Bntter and Egga New York. May 19. (I. N. S.) Butter Market unset tied. Creamery extras. 624 0 66c; creamery f i rata. 61064c; creamery higher scoring, 63 0 67e; state dairy tuba. 48 062c; renovated extras, 54 65c . ;; v ' Cheeae Market firm. State whole milk spay rials. 28 082c; state whole milk fancy, 27 ? 0 30c; state lower grades, 20 0 28c; Wisconsin whole milk Young Americas, 84e; state skims specials, 19 0 22c: state skims, choice. 17 019c: state skims, fair to good, 12 016c; state lower grades, 6 010c. t Eggs Market dnJL Nearby white fancy. 88c; fl nearoy orown xancy, aiasoze; extras. 49 82c; firsts. 44048c ; The"a;e of your investment house is, to a considerable degree, its evidence of service and depend ability. We have been in busi ness nearly thirty years. - Garstens & Earles ' Incorporated Est. 1891 Third Floor U.S Natl Bank Bid. Phone Bdwy. 4108 HERE WOULD GRAB BIG PROFIT IN GRAIN NORTHWEST GRAIN RECEIPTS -Cars- Wheat: Bar. -Fir. Oata. .Hay. Portland, Wed. d.. :t;:c 26 11 8 12 6 2 8 2 ' 3 8180 178 8813 483 2141 7873 1078 2645 729 3121 Year ago Season to date Tear tro Taeoma Tues 14 Year ago Sea sen to data. . 686V 6321 88 16 6082 5818 94 $108 176 833 44 ... . 168 1218 , 8. 1 6 ' ' 2 . 4 244 1186 648 1200 94 1808 578 256$ Tear ago . . . . Seattle, Tues.... l'ear ago .... Season to date . . Year ago .... Kf forts are being; made In some quar ters to depress the prjee of grains, but they are likely to prove futile. The fact Quit the world is growing- a very small crop this season is one reason why there is not likely to be any really cheap wheat this year. ' There appears no more reason for wheat and other grains to drop sharply in price aa planned than there is for values to touch 35 a bushel as soma of the growers hare believed possible. ; In addition to trying to. depress the price of wheat, a campaign aided by a, friendly news paper, the manipulating interests are trying to hold np the producer by charging him a higher price for grain bags than actual worth. Drying Winds Reported Edward L, Wells of the Portland office of the weather bureau advises: The nights were generally coo!, with several frosts, and the days were only moderately warm i There waa an abundance of sunshine. Drying winds were a feature in places. Light to heavy rains occurred ip western counties at the close of the week. Vegetation made fairly good growth, but is still backward over much of the state. Farm work made good progress. Winter wheat And rye made good growth, having been benefited by the rains that fell in the eastern counties a week ago and in western counties this week. Wire womrts in Jefferson county are less troublesome Cutting of rye for hay continues in some elevated districts, but is generally complete elsewhere. Early sown spring grain is generally promising, and recent rains have given sufficient moisture to germi nate late seeding in most sections. " Planting of corn is well advanced in western and southern counties and early plantings are np. . ..'-.'' - Slight Frost Damage .- ;1 Fruit trees are just coming into bloeen fn the 8 New inclaiirOi - 5 year Secured Convertible 7 Gold Notes to yield 8 Dated May IS, 1920 Due May 15, 1925 ' Denominations $100 $500 $1000 These short-term bonds of oni of the foremost International pro ducers and refiners of oil offer you not only a high rate of Interest coupled with great" security, but the conversion privilege may become very valuable. We will furnish full particulars upon request. ; This Company has enormous investment in producing properties, refineries, pipelines, tank steamers, railway equipment, storage plants etc., in the United. States and foreign countries. It has a modern pipeline running from Ranger, Texas, to Chicago with laterals, making a total system of 2800 miles.' It has ten great oil refineries. Its large marine equipment ii beihg Increased by 86,500 tons under construction in the United States and 18,500 tons being constructed in France, f it owns 4234 steel tank cars. It owns coal deposits in Illinois sufficient to run its Chicago and Kansas City refineries 40 years. It owns every facility necessary for a perfect unit in the production, refining and transportation of mineral oils. - ! , . : . Net earnings'ending December t. i 9 19, after payment of Federal Income Tax, amounted to 890,898. The proceeds of this $50000,000 issue of notes will be used to expand the business of the ,Compny and a great increase in its already, huge earnings is to be expected in 1920 and 1921. , Each SI 000 note is exchangeable for ten shares' 8 cumulative sinking fund preferred stock and 2J4 shares common stock at holder's option. Notes and preferred stock are to be listed on the New York' Stock Exchange. These notes are in S100,. 1500 and SI000 denomination. We offer them' for cash or on the Partial Payment Plan at 98 and accrued interest to yield 8 free from 2 normal income tax. Full details on requests Freeman Security High Yield Valuable Conversion Privilege Desirable Maturity These four attributes of the ideal investment are combined in the CARNATION MILK PRODUCTS COHPMY Five-Year 7 Convertible Gold Notes " : Due May 1, 1925 Price: 96y2 to Yield 7.86 . CALL OR WRITE FOR CIRCULAR Blyth, Witter. UNTIED SATES GOVOffOlEITT MUNICIPAL ATO COKPORAJIDS YEON BUILDING, PORTLAND Main 3304 SAN FRANCISCO " NEW YORK LOS ANGELES mors elevated districts. - Spraying for codling moth is progressing in southern counties. The weather baa been favorable for polleriation. but some light local damage waa don by frost. Ex cept (where trees were injured by tte December freese the fruit prospect is generally good. Strawberries art in market In Douglas county. Alfalfa vand clover suffered somewhat from drought ta western counties, but this condition waa relieved bg rain at the close ot the week, and these crops are now promising. - Pastures and ranges are generally kmproring. having been revived by recent raina. Sudan grass looks promising in southern countiea. All livestock is finding ample subsistence and making good gains. " Shearing of sheep sad goats continues. Planting of potatoes continues, and early .po tatoes are coming np welL Hope are doing fairly well. Beans are coming np .sad tomatoes are being set out in milder localities. Tender vege tables suffered some local damage from ' frost Gardens need warmer weather. FLOVH Selling price, milldoor: ' Patent. 818.75; Montana epring wheat, 814.85; Wil lamette valley brands, 811.20; local straight, 811-20; bakers' local. 818.50; graham, 8L1-50. Prices for city deliveries for five-barrel ota. HAT Buying prices: WfTiamette timothy, fancy, 832.00 per ton; vetch, $30.00; cheat. 822.00 23.00; straw, 810.00; clover 381.00; grain. 325.00; alfalfa. 835.0086.0O s ton. GRAIN SACKS Nominal. New crop deliv ery. No. 1 Calcutta. 21 0 22c ta car iota; less amounts hi ieher. MILLS TUFF 8. Mill run st mUla. sacked. 85S.OO0 54.OO. , - OATS Per ton. baying price: Feed. 870.00 970.50. - BARLEY Buying price: Feed. 366.00 9 6.50: milling, $67.00067.60; tolled barley, selling price, $71.00 ton. Merchants Exchange bids: . FEED OATS , c May. No. 8 white ........ . 6950 . BARLEY No. S blue .... .... . . 6750 Standard teed 6600 CORN No. 8 yellow . 7650 Eastern grain in bulk: . CORN No. S vdlne ......... 7500 ' jfte. 7000 6700 6550 July. 7000 65O0 6600 T450 T800 7260 7000 ' Salea for the day were 100 tons of No. yellow corn. July delivery, st 874.00. 8 POTATOES ALONG THE COAST - San Pranelee Markets San Francisco, May 19. (U. P.) Potatoes Rivei white. 3T. 2507. 76; sweets 10c pound. Full peas, 5 4$ 5 e pound. -Seattle Market Seattle, May 19. LN.S.) Onions Oregon, 7c per pound. v Potatoes Yakima Gems, $160; local, $140 0150 per ton. ' Lea Angeles Market Los Angeles, May 19. (L N. &) Potatoes - Stockton Burbanka, fancy and special branda, 87.00 7.50; Idaho Rnasets. fancy. 87.60 0 8.00; new stock, local Early and Whits Rose, No. 1. 32-7503,10. mostly $2.90; No. 2. $1.25 01,75 his. . : Saa Francisco Barley Calls San Francisco. May 19. Barley calls : May, 83.09b, December. 38.09 salea. 8 Issue Wire orders collect. Smith a Camp Co- ICo . - BVCOND floor saOftTHWESTETOI BANK aanti swa ' aVUMtSdS . '&.C6. MARKS A5D UTIX QFOTATI05S COSTINUE TO AUVAKCE New Tors. VI ay !. (U. P.) Latin quoU tions and asarka were strong at the opening of the foreiga exchange today. t If arks desnand were quoted st .0215, cables .0217. np .000 A. ? Demand sterling opened st 88.804, off 4. Franc checks niada s new high at 13.12, up 75. Lire checks were 19.12, up 80. while Canadian dollars toached .8f0.- Deaand sterling in the afternoon rallied 1 H .0221. up .0012. Franc checks remained 18.72. Marks demand made s new high st .0318, cables .0221. np .0018. Franc checks remained 12.72, iiiaiiiiljfi Prbyince of To Yield Exerhpt .From All Dominion Government Taxation i $118,000 6 Gold Bond Dated Mayl, 1920, Due May 1 . 1 929 Denomination$1000; Price 96.03toYield7J Principal and Semi-Annual Intere8 Payable in U. S. Gold Coin in New York or at Mortis Brothers, Inc. The Provntfe of Alberta is the fourth larRest in Canada. Its area exceeds-that bt any state In the United States except Texas, being five times greater tfh an the State of New York, its total acreage is U6t,872, ooq, of which! 100.000,000 are arable. 7,000,000 are under cultivation. The coal deposits far exceed those of any o Telapbona or Telesraph Orders Morris Brothers ins Caarfa Ae ePremter Muntctpal &ond House Honia Bldf Mt.11 Stara 8U, Btj Fifth aad Sixth Tfleahoaa Broadway Hal FEDERAL INCOME TAX EXEMPT Western Municipal i Bonds OREGON Kingman Colony Drainage District l '. 6 Gold Bonds, due 1931-40; price XA to yield . . ' WASHINGTON ) Adams County. , Roads, 6 j Gold 5.50 Bonds, due 1921-35; to yield ......... j - - IDAtfo J . - I V Snake River Irrigation District 6 6V4 Gold Bonds, due 1 932-39 ; to yield . . . . J CANADIANS YIELDING 7.50 Short term 6 Gold Bonds Provinces of Alberta and Saskatchewan, to yield 7.50. City of Alberts 5V2 Gold uonas, to yield ' 9 9 M immmmmm :- t a a. a BONDSTRVSTSACCEPTANCES Lumbermens Building $150,000 STOCK OFFERING : - OF The Western Rubber Company f OF TACOMA, WASHINGTON PORTLAND BRANCH OFFICE 903 N. W. BANK BUILDING PORTLAND. OREGON - ; J , - The Western Rubber Company's plant at Tacoma, Washington, Is now completed, and will start active operations this month. It will manufacture automobile tires and tubes. Remember the name, SOUND TIRE. Its plant Is of concrete, 280 feet long and 80 feet wide, on a four-acre site. In the heart of South Tacoma. The ma-' chinery and equipment is of the most rodern types, and Is all In Stalled, and some 80,000 worth of raw material on hand. At Us rear runs the four great. trunk lines: Th O.-W. R. & No.. Northern Pacific,. Great. Northern and the Southern Pacific, a spur running to our plant. Additional working capital is 'desired, and the Company has obtained a permit to place 150,000 of its stock In this state. You should receive a part of this . and get jyour money Invested in the factory while the. stock can still be obtained at par. Write your name and address plainly on the lines below, and mail to us, and we wl!l be pleased to forward to you one of our booklets explaining the merits of this Investment." or we should like to have you call in per son at the office, 903 Northwestern Bank: Building. Portland, Oregon. Name ........... J ..................... . Street No. v. ... ....... ........... .. . . i . ... . ..... . City or Town . . .. HALL . & Bay and Sail U. S. Government, Foreifn Government ! Railroad, PukfJc Utility, Indua trial,' Municipal i BONDS , Quotatioaa Upon Request ' Lewia BUy.. Portland, Or. ' i Telephone MaraKaff 5 np 18 net, and Belgian cabin 18.25, up 10 net. Canadian-dollars were .8876.' Sterling cables were 88.82 H s francs, 13.70; Una, 16.50. . New Tork. May It. t N. S.t Call monn on the floor of the Nw York stock eariisnss today rulfd at ,7 per cent; high 7 per cent; low, Per cents Time money was iflrm, rates wrre 8 Vk A 8 per cent. The market for prime mercantile paper was steady. ( Call money in London today waa 8 rr cent. Strrling cxrhangr was wrak with buainrss In bankers' bills at 8f04 for demand. - - ilWiiiilli'iiMllliul,iiii,li,iiii Alberts. 712 her provc. at Our Expen trr-aausaia OvtaQuaati CCNVutf . .oy. aa aa y ' ' . . ................. .J. COMPANY I