The Oregon daily journal. (Portland, Or.) 1902-1972, May 21, 1920, Image 17

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The Oregon daily journal., May 21, 1920, Page 17, Image 17

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Newspaper Page TextTHE OREGON- DAILY JOURNAL, P ORTLAND, FRIDAY, MAY 21, 1920. OFFICIALS PLAGE OREGON'S POTATO INDUSTRY IN DANGER. Edited by Dyman IL Cohen ST. LOUIS BANK LEADS IN LOANS Edilei by Hill F. HcssUa ICE CREAM PEOPLE: WANT BIG PROFIT A deliberate attempt la being: made by creamery interests who are allied - with the ice cream truat here to depress the price of butter so aa to enable them to secure greater profits on Ice crtam. Owing to th fact that the lea cream mw tat, soms of which in vitally interested in tmaiiaitur(, expect hoc crowds of people here darlnA the. summer with a consequent in crease la the demand tor ce cream, are oainii batter la the making of the cold stuff, the lower they force the price of the raw material the greater will be their profits. There ia not the slightest excuse for each movement, bat it may he forced by the manip ulators: (tome of them are alleged to have be come wealthy by each tar ti toe, which are at the . expesae ef the dairy producing laureate. - Those , desiring special information regarding tay. market should write the Market Editor, Ore gon Journal, enclosing stamp for reply. - SUGAR PRICE MAT BE ADVANCED In addition to tha BO cent advance which will be quoted on the next shipment of sugar from California refineries, a farther rise is forecast - as a result of the continued advance In raw ' jeugar hi New Terk, . ASFARAGCfl SUPPLIES ARE SHORT '. "Because of the shortage oT asparagus supplies, 'the local .price is showing a further advance. -Beet stock is selling at 1.75 2 00 a do sen. , with Walla Walla pyramids at $2.26 generally. EGG PRICES HOLD STATIOJf ART Prices in the egg market are fully steady here and no change ia indicated for the day. although soma of the operators are said to be offering a fractional ad ranee to a jew big shippers. MEAT "MARKETS ARE VERT POOR Cowntry killed meats are snowing a very er ratic tone anf price along the. street. Teals are selling from 17 to 20 cents for top quality, while bogs are ranging around 20 to 21 cents for the best stuff. Be tellers are beating down values. CHICXEjr MARKET ACTITE HERE Chirken market ia showing an active call here. Bales of heavy bens are shown at SB to AS rents a pound with light weight stock around SI to 88 cents.- Pound broilers are not ex tremely active at SO cents a pound. BRIEF iTOTES OF PRODUCE TRADE Red onions down to 6 cents pound. Herabey'a milk chocolate np 20 cents box. ' Strawberry prices were steady for the day. 1 Home grown bead lettuce selling at 82.75 erata. Old potatoes are holding steady and un changed. .:,',-. WEATHER NOTICE FOR SHIPPERS Weather bureau advises: Protect shipments during the next 80 hours against the following maximum temperatures: Going north.' 6 -S de greea: northeast over 8.'.' P. 8. railroad. 70 degrees: east to Baker, 70 degrees, and south to Ashland. 70 degrees. Maximum temperature at Portland tomorrow, about 70 degrees. WHOLESALE PRICES I If PORTLAJTJt - These are prices retailers pay wholesalers es Sept as otherwise noted: Daley Products . BTJTTKR Selling price, box lots; Creamery, prima perchment wrapped. 54e lb.: prime, first. 62c lb.: finite. Bio lb.: umaller lota st an ad vance. Jobbing prices: Cube extras, 49H&500 lb. : prime firsts, 48 Si 049a. BUTTERFAT Portland delivery basis. 53 9 SSe: emmtry station. Bla)S2e. OLEOMARGARINE Best brands, 40c; ordi nary, S3 He: bakers, 83o; nutmsrgarlne, 1 lb. carton, 82e lb. -;.-. CHEESE Selling price: Tillamook, fresh Ore gon, fsncy triplets, S5 0 88e lb.; Toung Amer ica. 37 A 8 8c, Prices to- jobbers f. o. b.. Tills- .. raook triplets, 82e; Toung America,' S8e. 811 lng price: Cream, bricks, 40 42a. Selling price: Block Bwiss, 48?49e; limbnrgsr, 40(9 42e per lb. EOOS Buying prices: Current receipts, 40e: candled, celling price. 4 So: select. 44c. - LIVE POULTRY Selling price: Heavy hens, 886e: light hens, 82 88o; spring , light, c80o; heavy, 40 4 42c 4b.; old roosters. 20c lb.; squabs, IS. 00; pigeons. , $1.50 2.9.0 dnsen; turkeys, live, - ( ) to.; dressed. 46o per lb. fresh 'Vegetables and Pratt Fit EAR FBCTT Oranges, i 36.25 S TS per box: banana, 10 lie b.; lemon. $5 5-0 0. IS per crate; Florida grapefruit. $7,00 0 7.60; California, 88.600 8.78. APPLES- Various varieties, local. $1.25 4i0, DRIED FBtTTT eDates, Dromedarlea, IT 80: Pards 84. 0O per 'box; r raisins 8 erown loose afaaratel. 18o pet lb-; figs. 13.60 8.60 box. ". ONIONS Belling price to retailers, new red. IS 00 per cwt.: California yellow, 32 60; white. $2-73 8.00 crate; garlic, 80e per lb.; green onions, 60o per do sen bunches; onion sets, 17 9 18o per lb. . , ' POTATOES "ielling pries, Oregon fancy. $6.60 97.00: Gems; $7.00," cwt.; baying price, . 88 00: new.. 10ye lb. HERRIES-Btrswberries,'. California- Dollar. " $3 2 8. 80: 'Oregon Dollsrs.' $5.0098.00. VEGETABLES Turnips., $5. Oft per sack; carrots, $4.0094.60 sac 'bests. $5.00; cab bage. CkliTenris, . 4 He. lettuce,- 82.75 8 00 erete:: encumbers. $1,50 9 8.00 dosen.;. toma toes, $8.60 9 6:00; egg Tlsnt, 60c lb. ; broeoli. ' H.28 9 2.:Sr 'bell peppers, 75c; sprouts, 17e per "lb. ; celery. 1.50 per dosen: -peas, 129 13c lb. r artichokes, $1.2591.50 dosen; .asparagus. - Oregon. $1.789 2.00 dosen bunches; " Walla Weils, $2.00 2.28 pyramid. i Meats and Provlslens COTrWTB.T M EATS Selling price: Country hogs 20Htf2le for top blockers; heavy, lftc; best veal, 17 9 20c; heavy veal. 1 B 9 1 C per. lb. ; SMOKED MEATS -Han), .39 44c per lb.; breakfast bacon, 33 5 0e;. picnics, 20a per -lb.; --eertSee roll. 88e per lb . , ' . LARD Kettle ' rendered, 2Te -lb. : standard SSe; tlerea basis crtnpound, ,24a. , rish end Shellfish FRESH TSH-8aUno!) rh Chlnoc. 20 9 22c;. halibut, fresh: 20I2c lb. :' sturgeon, I ). black cod. 10 9 tie lb. r silver smelt. tOe rr lb.; kippered sslmon; , $2.60 per ,10- ' lb. basket; kippered cod. 82.00; Columbia smelt, Sc per ib.;essor clams,' $5.00 box; crabs. $2.50 9 8 50 'dosen: roe shad, 10c lb.; dressed shad. 6a lb. ; ling cod. 6 & 8e Jb. . ' . Groeeelee BfOAB Nominal prices; refinery basis; Cuba, rl'K. ... . . .. ' W . . In, 41, n $23.6$; granulated. $24J25 extra C $28.85: golden C. I2B.T. HO!ET. New. $7.00 9 7.S0 esse. RICE Japan styl. No. 1. 18 He: Mew Or leans head. I : Blue Base; 15 e per lb. SALT Coarse, half ground. 100s, 117 26 per ton; 60s. $16.78; table dairy. 60s. $17.25: bales, $S 80 9 4.00; fsncy table sal dairy. $80,60; tump rock-, 128.60 per ton. BEAKS ( Sales by jobbers): Small white: T'.'e per lb.-, large white. 7e lb.; -pink. Site lb. i limes. 12 H; bayou. 11 ie; reds, 10 He; Oregon beans, buying Jprioaa adminal. 5 H C lb. CANNED MILK Carnation. 86.38: Borden, $6.85; Aster. $6.2$; Eagle, $11.23; Libby. ' $6.25 , Mount -Vernon, '$6.23 per 'caaa. COFT1CE Roasted. S4 948o. in sacks or drams. SOPA CRACKErTI In bulk. 17 He per Th. NUTS Walnuts. S6 9 40o per lb.: almonds. $8e; filberts, 82c ia sack lota; peanuts, 15 0 10a; pecans, 25c: Brazils,30e. Ropes, PalBtat...OIIt KOPE Sisal. darkr 18 He; whlto, 20o lb. ; standsrd . Manila, l:lie; . LINSEKD OILi-Raw. bbls.. 81.98 n. ; kettle, boiled, bbls,. 82 00; raw. oases. S2.1S; botlesd, eaaee, $2.18 gallon. COAL OIL- Water white, in drnnw or iron - barrels, )Se gaL; eases, 24c per gsl - " GA80LI E Iron bbls.. 25 Ho; eases, 88e: engine diaullate, iron bbls.. 16c; eases. $3 He. W HITE LEAD Ten lots, 15c; 600 , lbs., 1 8 H e ri Th. TURPENTINE Tanks. $2.40: eases, $2.61; 10- ease sots, le lees. Hoot, Weei and Hide HOPS Nominal. 191$ crop. $1 per lb. HIDES Calves, 60955c; green bides. IS 9 20e: salted. 20 22c; kip, 28c; green bull. lie: salted bull. lie. MOHAIR Long staple. 46 0 50 IK; abort - staple, 80 9 SSe per lb. . TALLOW AND GREASE No. 1 taUow 11 He; No. 3. 10c; No, 1 grease, 0c; No. 2 grea-e. 7e per lb. . CHTTTIM OB CASCARA BASK New peeL lie per lb. WOOL Nominal. 1919 clip, boring price; Valley half blood Merino and ShropshiaB. 60c: Cotswold and Lincoln, . 40 0 6e: netted Cots wold. 80 0 85c; timber stained, 60 pet lb. lass; lambs woel. 4e per lb. less. Eastern Oregon. Eastern Washington and California wool Merino and Shropshire, 85 9 40e; half blood Merino and Cotswold. 37 0 43e; Shropshire, 8'. 0 4Sa; Cotswold and Lin eein, straight and mixed.' 83 0 85c; burry. te pes lb. leas; lambs. 4e per lb. less. Chicago Potato Market 1, Chtaage, May 21. (L N. B.) Patatnan Kecaipta 48 case, Minnesota Tiefcaea. ead Ohio, uncAeaged, , CROP CONDITIONS CONSIDERED GOOD - Weather conditions are excellent , for the growing- grain crops at Pacific Northwest points. With the .'exception of Central Oregon, the entire grain belt has been visited again by showers, re freshing; the ground. No damage baa been reported in Central Oregon as a result of the dry weather. CVW. R. AN. reports from Its rep resentatives show 1 ' Spokane, Wash. Precipitation six ' hun dredths. Heavy wind 17th. Boil and pasture in good condition. Fall wheat looking good. Spring grain not an in yet, account wet weath er. Should complete sowing this week if no more rajn. With warm weather crop would do bettex. ' Walla Walla, Wash Rainfall .27. Soil in good condition. Plenty of moisture. Grain be low normal, account weather conditions early in season. but improving aa season advances. Fruit about 75 per cent last year's crop. Lewt'ton, Idaho No' precipitation. Sufficient moisture. Acreage below normal for fall wheat: above normal for spring wheat. Prairie sections ljoktns good. Hood River, Or. Heavy shower dnrtng week. Boil in splendid condition. Apple bloom was heavy and I would not be - surprised if crop equaled that of last year. However, it is too early to give any estimates, all depends on June drop. Strawberries are in fine condition amt big crop will be harvested unless something hap pens between now and harvest time. Bartlett pears extremely light crop, other pears appear to be in good shape. Borne eherris, particularly Bings and Lamberts, are still sticking on tree, croo now looks like five to eight car loads. . The Dalles. Or. Rainfall .6 inch. Reports generally favorable regarding grain crops. La Grande. Or. blight rain 17th. Cool nights with, medium warm days, but favorable to growing crops, rail and spring grain corn ing along nicely. ImbJer, Or. Light showers past week. Fall wheat in very good condition. Spring plowing mostly done. Still considerable spring sowing being done. Quite a bit of the spring wneat bemc sewn for nastnre. . Baker, Or.- Trace of precipitation. Boil in fine condition and grass growing nicely. Grain doing fairly well. Mors rain would help. AD croi need mor moisture. Wssco, Or. No rain and soil in good con dition for growing crops, which are coming on in fine shape. More, Or. Generally elear with west winds. Soil in good condition. Grain growing wslL Grass Valley, Or, Growing weather past week, moisture still sufficient. Light shower ICth. wbeet prospects good. Shsniko, Or. No rain. Plenty " moisture ' ia soil. Both fall and spring grain growing nicely, end ' look healthy. Elgin, Or. Most of the week warm. No rain., Spring work well under way. While the - fall' grain seems to be a little slower than usual, yet there seems to be a good stand and with an j thing soar good conditions will make a good crop. ; - ; - Wallowa. Or. Weather cool, with occasional rains, Fall sown grain looking good. Enterprise, Or. Rainfall just a trace. Wcath er warm., i Fall sown grain looking better. Farm em about i half done seeding. Most of plowing aone. Joseph. 1 Or. Weather generally elear. Fall grain growing better. Spring plowing about com pleted Seeding about half completed. Madras,' Or. Weather warm and dry. Ground in good condition for growing grain. Unusual amount . of moisture in ground at this tdne of year, which is bringing growing grain out in fine condition. . About average acreage in spring and laii sown grain. Condon, Or. Weather conditions pais; week farorable for growing grain. The season is very backward, j The1 damage frntn worms or other causes np to the present will not exceed 5 per cent. . HIATT SHRINKAGE OF PEACH CHOP 131 TAKIMA 8KCTIOJT Takima, Wash.. May. 31. H. A. Glen, ren eral agent of the ' Northern Pacific for the Yakima valley, has made a careful cheek of the estimated tonnage of the 1920 fruit crop and place th total at 13,600 can. This is not eaual to the 1919 crop, but much better than was anticipated following' the heavy losses on soft fruits after the extreme cold, weather of last winter.- The shrinkage is especially heavy In peaches. Last year growers marketed 2200 ears of peachee, but this year the estimate ia 177 ears. Pears drop from 2000 last year to 1234 for the 1920 crop. 'On the ether hand, apples lump to whst will be the record crop of the valley, an esti mated tonnag of 12,900 ears for the coming crop. This ia 1000 cars greater than last year' crop. It ia probable som change will need to? be mad in this estimate after -the June drop, which many growers think will be exceptionally heavy. , j 1 POTATOES ALOXG THE COAST . j San Frwnotaoo Market , ' Ban Franciico; May 2L. (U. . ). Jota tr.e River Whites, $7,50 8.25 i Salinas, no quotation Field peas, 5 H t 5 Ho per lb., I - .' .Lea Angeles Market Lee Angela. May '21.-r-(L N. 8.) Potatoes atocktoo. Barbenks, . faoey,' -$7. 80 0 8 ,-00; Russou, fsncy, $8.40 0 9.00; new stook,.- local Eariy. slid White. Rose' No, 1.- $2:50 02.75; No, 2, $1.25 0)1,50 lug. ' . - . I Seattle Market -1 - - , ' Seattle. May 2"l. (L-N,. 8.) Onions Ore gon. 7 He lb. ;-. Potatoes Yakima Gems, $165;' local. $14 0159 per ton. si ' ' " ' t ' ' m ' . I DAIBT PBODtrCE- Jf THE COAST an Pranoraoe Market ' Ban Francisco, May 21. iVT P. Butter Extras, 55c; prime firsts, B4o. i .. - Eggs Extras. 4!4er firsts. 41 lie; extra pal lets, 39c; undersized pullets, 31e - Chesse California flats, fancy, 28e; firsts. 24 l' ' " .. . , , (eji Angela Market Le Angeles, May 21. (L Ni 8. ) Buter. Kgsi fnVr,.T ease eoanti ile:" rmileta. 39e: peewees, 2Te.. L . Poultry Hons,-24084e; broiler, 25 0 27 ; irxers,, io. . j ., & ( Chleago DaJry prodace Receipts 9728 lbs. Creamery . extra. 54 H 9 55e;' standsrds. 64Hc; firsts. 50064c; packing stock, 34 0 39 H e Egg; Ueceip'ts 23,856 cases. Miscellaneous, 89 0 40 He; ordinary firsts, 37 038c; first. 40 H 0 41 He: checks, S3 0 84 He Cheese Twins. 28He: daisies, 29H03Oc: Young Americas, 80 H 081c; Longhoms, 30 H 0 31c; brick. 29 0 29 He. Live Poultry Turkeys, 35c; chickens, 34c; roosters, 20c; geese, 20c; ducks, 35c. . - 1 " e Hew Tork Batter and Eggs New Tork, May 21 (L N.- B. ) - Batter-Steady- Creamery extra. 61 H 9 84c: firsU, 69H962He: higher eooring. 62(65'Arr stata dairy, tubs, 45 0 60 He; renovated, extra. 64 0 55c Cheese Easy. Whole milk specials, 28 H 0 82c; fancy. 27 H 030c: lower grades, 20028c; fancy Young Americas, 84c: skims, specials, 19 H 0 22e; choice, 17 H 0 19c; fair to good. 12 0 1 6c ;v lower grades. 6 010c Eggs Steady. Nearby white, fancy, C3e; brown. 51 0 62o;. extra, 48 H 0 60c; first. 44 V eoo. Strawberries Sell Hlrh Freewater. Or., May 21. The first shipment f home grown strawberries waa sent from here en Tuesday, one erata from the Milton Fruit Growers' -union and one frara th Lamb Fruit company.! They werq shipped to Walla Walla nd sold for 810.0O per crate. Tsetarday six erata ware shipped and $7. SO waa received. They were grown by aa Italian. Joe Percieikx t Kew York Sagar and Coffee Hew Tor. Mgy 21. (U. P.! Coffee Ke.,7 Rio. 13H0UHe; Nc 4 Bantoa, 33 H 014 He " Sugar Firm. Raw, $23.07 9 22.57: re fined, firm; graaalated. $20.60 028.00. t 1 ' Kew Tork Wool and Hides New York. May 11. (L N. 8.) Woel aaarsex nrm. Domestia fleece, xx Ohio, 68c 9 $l.n0; domestic pulled, scoured basis. 60c 0 $1.70; domestic Texas, scoured basis. 850 0 $1.92. . Hides Market dull Native steers. 3 5 9 3 9c : branded steer. SSe... I MlnaeavoUs-Dalath Flax -Dulutt. May 31. (L N. 8.) FUx May. 34.02; July. $4.01: track. $4.0204.05; ar rive. $4.02. MinneaplvMy 21. -(t N. 8.) FTsx Nk J. $4.99 4.111 to" arrive. $4.0104:06.- ! ltsval IIahi " " TIew Ter. May 21. (t N. 8.) Turpentine avannaa, li.IIti Bl.Ilj -w Tork. 82.46 Boam oavaaaab,- $1.20; New lork, $0 POTATO INDUSTRY ! MAY SUFFER RUIN By Hyman H. Cohen While State Inspector Stansberry la doing sail in his power to keep the tuber moth of California out of Oregon potato fields, the fact remains that It would take an army of inspectors to do the work thoroughly, as every potato that comes from .the south must be examined. That state .officials of Oregon are apparently willing to give California the benefit ef the doubt and thereby run. th chance of this I state's potato area becoming infected with the dreaded tuber moth, is indicated by the fact that they have not declared a quarantine against those sections of the south which are known to hare the insect in most fields. In fact. It is a regular story in California at this time for the growers to dig their pota toes before they mature thoroughly because they are afraid that if they allow them to remain in the ground longer the tuber moth will eat them np. Nevertheless Oregon officials are unwilling to have the quarantine declared against the in fected districts, although failure to do so places the entire potato industry of th Northwest ia danger of infection, - The trade points to tha. fact that If this disease or any other serious one waa shown in Oregon or any other state. California will im mediately quarantine tha product. In fact, that state refuses to allow Florida citrus fruit to enter because of alleged infection, . Mttlstuffs Scarce With Prices Firm NORTHWEST GRAIN RECEIPTS i Cars f" Wheat. Barley. FIout. Oats. Hsy. Portland. Friday. . 28 ... . 10 1 27 I Tear ago .... . 15 20 8" 18 Season to date... 8224 178 8882 484 2170 Year ago .....7391 1084 2671 732 3142 Tacoma. Thursday. 21 1 Yesr sgo ..... 13 Season to date.;. 6908 1 Tear ago .....5337 Seattle, Thursday . 10 Tear ago 17 Season to data... 6002 l Tear ago .....5385 ( 1 94 8117 176 R38 44 ... . 191 1214 s ' w --. B St... 1 244 1140:643 1210 97 1811 1 585 2554 Mfllstuffs " continue to show liberal strength and very little stock! is being offered by the mills below $4 a ton, which is the record value for this terri tory. : , j I With mining operations deereaaed and with a liberal demand for feed in stock, some of the millers are said to have practically' withdrawn frem the market in the hope of securing still greater pro'ita. . i No session of the Portland Merchants Ex change was held Friday because of the primary election. ;."' '-" i ' ' ' Pacific eoast crop reports of the weather bureau:' j . I . Arizona Barley hay harvest programing in sonthern counties. Nightly frosts in northern sections but doing little damage owing to erops being backward. Ctah Alfalfa, oats.' wheat and barley grow ing nicely. Nevada-r-Grain and rrea benefitted b warm weather and showers. Wheat, oats, alfalfa mads rapid growth. Idaho Weather very favorable for all farm work and vegetation mad good growth. Wheat doing welL It was necessary to replant some field in Twin Falls - district because of bad seed. Washington Owing to lata start all erops are backward. Cutting first crop alfalfa waa begun in some early irrigated districts. Spring wheat 1 excellent but winter wheat ia not uniformly good. Bowing oats continued on low lands. California Some grain beading, light, though preaemt cool weather in favorable; rain is needed. Germination of corn slow. FLOUR -Selling price, mill door: Patent. 813.75; Montana spring wheat, 814.85; Wil lamette valley brands, 811.20; local straight, $11.20; bakers' local, $13.60; graham, $11.60. 1 Prices for city deliveries for five-barrel lots. 1 HAT Buying prices: Willsmette timothy, fsncy, $32.00 per ton: vetch, $30.00; chest. $22.9,0 0 23.00; strsw. $10.00; clover. $31.00: grain. $25.00; alfalfa, $35.00 0 86.00 a ton. , GRAIN SACKS Nominal. New crop oeliv ery. No. 1 Calcutta. 21 H 0 22c in car lots: lass amounts higher. M1LLSTUFFS Mill run at mill, sacked. $53.00 0 64.00. i OATS Per ton. buying price: Feed. $700 970.50. t BARLEY Buying price: Feed, $66,00 0 46.60; milling. $07.00 9 67.50; rolled barley, selling-price. $71.00 ton. 1 ' - ' ' a iii . Lack of Support in I Early Corn Trade '4 . 1 " " Chicago. May 21. (I N. 8.) Selling by ecm mission nooses a' with i country connections mused a , sharply lower opening ori the Board of Trade , this morning and persisted until it brought a wave Of liquidation that forced break ef 7H018Hc in corn and 2H 9 6 He ia oats. At. the do -May corn was off 7H 9c July J2 H 18 H , and September 10 H 0 11 H. May eats finished 6c under the previous close"" July, 0 C H oft and September. 2 H 0 6 down. Provisions. - which hsd been fairlT atronx- aarhr. broke with the grain and eloeed 81.40 01.75 lower for pork; 37H-&55 off for lard, and 40 ( 47 H down for ribs. Th entire list closed at the bottom. Almost every news item waa bearish. The ntefststo Commerce eommission has ordered 10,000 ears into the grain belt, i t 'ash a-rain nrioea aeain went off ihintlt farm -.labor condition were reoorted rreatlv improved .and weather was most favorable for growing crops. - 1. Chicago,,'' May SI. (L N. 8.) General sefl ing and tack of support featured the opening in corn, .with starting prices H to 4o lower, and May leading tha decline. : Broker believed to represent long interest sold oats, which opened H to He lower. - Provisions started with a limited trad and Irregular prices. 1 Chicago rang of price furnished by United Press: j .; . CORN Bt 185 1S6H lRO'ilSlH July ... 1704 170H IBS 159 September ..... 169H 169H 149H 161 v. OATS May .......... 106 106 " 100 100 H July . 9H Pft-H 85 85 H September 74 H 75 H 7$ 7$ ; PORK ' - Maty aa e e S 94 S July 3520 : 8629 ; 3450 S455 I ' LAUD May .". .."i..... 2000 5 2015 2000 2075 July 2137 2187 3070 2085 i t - ; ; ribs : ' . MF ... a e ''tea 1 T4 0 July 1867 i 1867 1817 1820 Minneapolis Cash Wheat Minneapolis Cash wheat No. 1 dark north ern, $2.9508 05; No. 2, $2.90 0 $.20; No. S. $3.8003.10; No. 1 red spring, $2.75 0 2 98; No. 2. $2.70 0 2 90; No. 8, $2,65 9 2.85; No. 8 northern. 82.85 8.00 : No. 3, $2.75 0 2.90; No, 1 dark bard Montana, $8.00; No. 1 hard Montana, 81.90; No. 1 durum, 62.84 0 2.85: No. 2. $2.80 0 2.84: corn No. 8, yeUow. 82.0002.01; No. S white. $1.98; No. 3 mixed, $1.96 01.97: eaU No. 3 white, 11.04 H 01.O6H: barley, good to faney, $1.62 01.66; medium to good. $1.53 0 1 61 ; lower Sradas, $1.35 01.52; Na 2 rye. $2.03 H 0 .06 H .- ' 5 -- 1 Pried Fralt and Beans - New Tork. May 21. (L W.-S.) Baans Market firm. Marrow, choice, ST2.00; pea. choice, $8.00 0 8.25; red kidney, choice. $15.40 9 15.60. , tried Fruit Market unchanged. Asrieota, extra choice to fancy. 27 0 87e; apple, evap orated, prime to fancy, 11016c; prunes, 80s to 60s. 15H923c; prunes, 60 to 100. 10 H 91 Be; peaches, extra choice to faney, 18 0 22c; needed raisin, choice to fancy, 30 0 22c !Ttw Terk Potato Market New Tork, May 31 (I. N. B Potato (In bulk, barrel er bag-Market stesdy. Near by white, $10.00012.50; Bermuda. $10.00 016.00; aonthern. $6.00 016.00. , Saa Fraaelsco Grata Market San Francisco, May 21. (TJ. P.) Barley: Spot feed, per cental, $$.4008 50. Jfew Tork'London Stiver " ' New Tork, May 21. (L 9. 8.) Commer cial bar silver w. nnehanged today at 99 H c txmdon. May 2L iL N. 8.1 Bar ailrer was Hd highjr today at 68 Hd. . . , RREGULAR PRICES IN STOCK MARKET New Vert. May X1. (I. N. S.) Th stock doted Irregular today. Mixed mevementa characterised the lata trading, some Issues mov ing us rapidly while others suffered decline. Pan-American Petroleum after sailing at tB V rose to 97, and then reacted t B ' . Steel com moo after falling to 91 y rose to 92 and then reacted to a closing ef 91 A. ReJLbllc Steal Jumped t 88 V,, yielded 1 point. The sugar stacks shewed a slightly batter ton. The railroad shares ware slightly lower. Sal, 9S4.S00 sr. arse) bends, $24,761,000. New Tork, May 21. (I. N. S.) Prices showed an irregular tendency at . the opening of the Stock market today, al though the majority of issues were es tablished at lower levels. Steel common dropped to 91 and Republic Steel 1 to. 86. Crucible Steel fell 84 to 123 but quickly re covered to 126. Baldwin yielded frac tionally, to 109 but soon rallied to last night's closing prices. The sugar shares were in supply, Cuban American Sugar falling 3 H to 66 and Punta Algera Bugar IK to 103. The oil shares, held firm. Mexican Petro leum after dropping 1 point to 169, rallying to 171. Pan-American Petroleum sold off H to 94 H but quickly shot up to 964. Fractional improvement was shown in the other oil shares. There was little change ia the motors, Stude baksr holding around 68 while Pieree-Arrow showed a alight gain at 48 H- The railroad hares generally were fractionally lower. Th sugar share were in supply. Cuba Sugar falling 8 H to 56 and Punta Alegra Sugar 1 to 108.- - The oil shares held firm, Mexican Petroleum after dropping 1 point to 169, rallying to 171. Pan-American sold off V to 94 H , but quickly shot up to 66, Fractional improvement was shown In th other oil shares. There was little change in the motors, Btude baker holding around 63. while Pierce-Arrow showed a slight gain at 48 H. The railroad shares generally were fractionally lower. ; The market held steady during th afternoon witn casinos very quiet. Furnished by Overbeck of Trade building: a eaoksj Co.. Board HESCRIPTION: Open ) High I ow , Close 314 32 81 H 31 H 41 41H 41 41 86 80 80 80 90 90 88 88 H 88H 88 H 37 H 37 H 131 H 131 130 H 130 ..... 41H 15H 16 1 1'5H 16 ' 82 84 82 H 83 H 76 H 77 78 76 89 H 91 89 90 19H 20H 19H 194 66 H 57 68 H 86 H 87 87 H 86 87 126 126 125 125 86 87 86 &." 03 3 92 H 92 . , 210 B4 54 H B2H 52 100 100 96H 98 18H 18H 13 18 55 H 65 H 55 55 H 76 78 764 78 154 167 153H 154 109 110 4 108 H 109 31 H 32H 30 31 87 88H 86 87 . i . . . . 103 11H 11 11 11 20 H 20 H 20 H 20 112 114 - 112 114 63 H 66 63 H 64 H 124 H 127 122 H 123 H 51 61 61 51 7 7 7 7 32 H 38 83 81 77 14 14 14 H 14 80 30 30 80 H 54 54 52 0 52 30 30 39 29 79 79 79 78 90 " 91 89 90 j 124 127 H 123 124 11 11 11 11 60 61 60 60 138 141 188 140 25 28 25 25 69 59 69 59 37 84 H 34 H 33 34 71H 72H 71 71 29 29 29 29 . . . 57 .(-,,. 82 88 83 824 82 60 50 50 50 65 67 64 65 121 123 121 120 80 80 29 39 16 17 16 16 15 15 15 15H 25 25 25H 25 24 24 22 22 67 68 66 66 41 41 41 41 23 23 23 22 170 172 109 172 59 69 59 59 20 20 19 19 I 41 41 40 40 23 24 23 24 . 67 . 76 76 75 H 76 13 12 12 11 27 28 27 27 94 96 94 94 67 68 67 67 88 88 88H 88 71 72H 71H 72 4 4 -4 4 . 30 . 95 97 94 93 89 89 89 39 81 82 81 . 80 65 66 55 68 98 95 91 98 16 17 16 16 89 89 89 89 80 82 80 81 112 114 113 118 87 88 86 87 72 78 71 72 83 84 83 33 9 9 9 8 81 82 80 31 . 92 93 91 92 20 21 20 21 60 60 59 H 59 63 68 61 62 74 75 74 74 22 23 23 28 111 111 110 110H 9 10 9 9 14 14 13 14 118 114 118 114 92 98 91 91 53 68 68 67 91 , 92 91 91 66 67 66 67 68 69 88 68 09 71 69 70 7 7 7 7 ..... ..... .a 826 46 46 45 4S 17 17 16 17 Allie Chalmers . . . . Alloy Steel , Am. A XT. Chem.... Am. Beet Sugar ... Am. Can, e. ...... Am. Car Fdry .. ... Am, Cotton Oil. . . . Am. Hide A L.. b. , Am. Int. Corp. ... Am. linseed, e -. . Am. Loco., e. . . . . Am, Ship it Cam.. 'Am. Smelter, c Am. Steel Fdry. . . Am, Sugar, e . . . . . Am., Sumatra Tob.. Am. TeL A Tel.,, Am. Tobacco Am. Tobacco Sec , . Am. Woolen, e . - -Am. Zine ........ Anaconda M. Co.. Atchison, e -- A. Gulf A W. Ll:. Baldwin Looo., e. Bait. A Ohio, e. .... Bethlehem Steel B. . Bosch Magneto . J . Brook. Bap. Transit) Butte A Superior,-. Canadian Pacific . . Central Leather, o . Chandler Motors . .. Chea. A Ohio Chicago Gt. West., oi C.,jJI. A St P.. C. Jl N. W ..... . Chile Copper . . , , Chino Cocmer Columbia G. A Elec Colo. Fuel A Iron. Consolidated' Cas . . . Corn Products, .-. Crucible Steel,, e.. . Erie, e. ........ . General Cigars .... G eneral Electric . . .. General Motors. Goodrich Rubber.:. Graaby Cons. Gt. . Northern Or. Gt. Northern Ry. . Greene Caaanea. , . Gulf State Steel. . Illinois -Central.... Indus. Alcohol . .... Inspiration Copper. Int. Paper........ Int. Harveeter. .... Int. Mer. Marine, e. Int. Nickel ....... K. C Southern, e Kenneeott Copper., Keystone Tire ..... Lackawanna BteeL . Lehigh Valley...., Maxwell Motor, e . Mex. Petroleum... Montana Power. ... Miami Copper. . . uut. a, t Mo. Pacific, c. . . . National Enamel. . National Lead Nevada Con, . . . . New Haven N. f. Air Brake.. N. Y. Central.... Norfolk A Western. Northern Pacific . . Okla. Ref. A Prod. Pacific Mail ...... Pan Am. Pet., e. Penn. Ry. ...... People's Gsa Pittsburg C'osL e. . Pressed Steel Car, c Ray Cons. Copper. Ry. Steel Springs . . Reading, c. Royal Dutch Rep. L Steel, e. . Retail - Store Rock Island, e . . . . Bhattuck Copper... Sinclair Cons . . . . . Southern Pacific . . Southern Ry., c . . . . Stromberg Motor.. Studebaker, c..... Shell St L. A San Fran. Swift A Co ...... . Tenn. Comer . . . . . Transcontinental Oil. union t-acirie, c. D. & Rubber, e. IT. S. Smlt. A Ref. D. S. Steel, e. . . TJtah Copper ..1 Vanadium Steel . , a Cham., e , . Wabash ........ Weetern Union . . West. Electric . . . Willys Overland., Extra dividend. 1 per cent. " T Total sales, stocks, 684,600 shares. Total sales, bonds. $24,768,000. MAT ALOTTE IS HIGHER AT THE COTTOIT OPET150 New Tork. My 2L (L N. B.) With the exception ef Msy. which opened 6 point high er, th cotton market was easier at th start and 82 to 47 points net lower. Liverpool and the south with stock and trade interests were the beat buyer. At the end of the first 20 minutes th market was aetive and about SB to 40 points net lower. A covering movement developed near the close which rallied price about 40 point from the lew. The final tone was steady at a net decline of. 73 0 95 points. Mcjrith Oneo. nigo. Low. S29S Close. 8816 3295 8265 8200 8880 845 8798 8796 3545 S490 8430 8388 point Jan. .... Feb. . . . . March ... April .... S34S 3873 3800 3818 S21S 4200 4275 8880 May June July 8880 $360 . S765 Aug.. - Sept, ... y. . Oct. . S6S5 8660 8450 Nor. ...... Dee. ...... New Tork down. 3430 $445 $339 market. 4100, 200 Liverpool Cotton Easier :v Liverpool, May 21. (L N. B.) Spots quiet t tb opening; price easier. Sales, 4000 bales. American middlings, fair, 81.89: . good mid dlings. 28.89; full middling, 27.89; middling. 26.14; low middlings, 22.84; good ordinary. 19.64; ordinary. 18.64. Futures quiet. Kew Tort Metal Market New Tork, May 21. (L N. 8.) Metal Omur Owe. Spot. Ma and Jnaa afferai 18 H; July and August, offered 18 fc. Lead Quiet. Spot. May. June and July, of fered gi. Spelter Quiet. Spot and May, 7.50b;-June, July and August. 7.35 0 7.60 SHEEP AND LAMBS ; ARE LOWER AGAIN HOW HOGS RULED ', Tone. Top. Portland. .........Steady flt.99 Chicago.... tic -.higher 14.85 Omaha,.... l$tie higher 14.40 Dearer ,.,.l$c higher 16 Kaasa City ...... Steady-Strong 14A9 PORTLAND LIVESTOCK - BUN Hogs. ; Cattle. Calve. Sheep. Friday 192 ... ... 651 Week agq ....... 109 ' 85 19 60 2 week ago ..... 217 62 ... 635 4 weeka ago ...... 251 89 81 "80S Tear ago 335 90 8 767 2 years age ,...,,'-686 2lO 6 998 3 years ago ...... 762 20 29 4 yeareago ...... 498 84 26 210 j While hogs and cattle were considered about steady at North Portland, sheep and lambs ruled lower. Receipts in the alleys for Friday were only five cars. " For sheep and lamb killers had the whip hand so far as prices were concerned. They are not St all modest about forcing down value and a further losa of $1 wss . shown for lambs, at $14.60 for extreme tops, while yearlings were off 26e and a fractional redaction was forced for ewes. r General sheep 'and nasO range: Spring lamb $18.50 014.60 Cull lamb 9.00 011.50 Yearlings 10.00012.00 Wethers 9.00 011.00 Ewe 5.500 9.00 Wool sheep bring the . usual premium above shorn. . No Cattle Arrlv It was always thus in the markets. . No cat tle arrived. Therefore the market was consid sred steady. If any had come forward the chances are that value , would have been weak and lower for the day. General catUe market rang: Best beef steers .$12 28 9 13.00 Choice steers .......... Good to choice steers. . . . Medium to good steers 11.50012.28 11.009 11.50 IO.OO SB 11. UU r air to good steers .......... Common to fsir steers ....... Choice cows snd heifers. . ...... Good to choice cows and heifers. Medium to good cows and heifers. Fsir to medium cows and Berfera. Canncra ......... ........... Bulls 9.000 10.00 8.00 0 9.0U 10.25 011-00 9.00910.25 8 00 0 9.00 7.00 0 S.OO 6.00 0 6-00 6.00 0 9.00 Best light ealve ......... , . . Medium calves .............. Heavy calves ................ Stockers and feeders . . . . . . . . . 9-00 012.00 9.00 012.00 6.50 0 8.50 b.00 0 8.50 Swine Trad Holds With only about two loads reported In the alleys for Friday, the North Portland market for hogs was considered about steady. No price change was made during the day. General hog rang : Prime mixed ! $14.75015.00 Medium mixed . 14.00 014.50 Smooth heavies 11.00 0 18.00 Pigs ..... .i.,, 12.00 018.75 Bough hearies v . . . . 10.00 0 11.00 Thursday Afternoon Sale f STEERS No. Av. lb. Price I No. Av. lbs. Price 1. . . . 820 $10.00 I . COWS 1....1030 $ 8.25 I " 1.... 840 $ 9.60 2..., 825- 4.00 1.... 670 , 5.25 1.... 950 8.75 1.... 810 4.60 1 680 8 25 1....1260 9.60 CALVES 1.... 140 $12.00 I .... 148 815.75 2.... 180 15.00 I 17.... 267 9.50 BOGS. 9 '874 $13.00 6.... 170 $14.75 1 450 12.60 1....-130 15.00 1.... 160 14.50 7.... 182 12.00 61.... 194 15.00 11.... 174 14.00 9.... 182 14.50 3.... 176 14.75 LAMBS 46.... 61 $12.00 I 13.... 68 $13.00 11.... 60 11.50 I '.I : -.."' EWES .. , 102 $ 8.231 ? ri I " YEARLINGS -': 85 $11.50 I 26. . 98 11.50 i WETHERS 168 $10.00 I BUCKS 180 $ 5.50 j Friday Morning Sale HOGS 40. 16.., 48. ... 91 $13.00 7 a a No. At. lbs. Price. I rio. At. lbs. Price. 4.... 177 $15.00 1 1.... 470. $18.00 6.... 120 13.00 1 1 890 14.00 I 2.... 285 14.00 75.... 182 15.00 1 8 ... 131 18.00 6.... 340 13,00 1 12.... 254 14-00 . STEERS '' ' No. At, lbs. Price. I No. At, lb. Price. 5.... 1170 $11.50 I, COWS 1.... 710-$ 9.50 'I 1.... 1090 $10.00 LAMBS 2 95 $14.00 I 56... 69 $12.00 7 68 14.50 ( 101.... 67 14.50 82.... 67 14.50 I j WETHERS 1.... 110 $12.00- 4 215.... 110 $11.00 , EWE8 1.... 120 6.50 I AMERICAN LIVESTOCK PRICES Chicago Hoes S14.SS Chicago. May 21. (I. N. 8.) Hobs Re ceipts 20,000 alow, mostly 25e higher. Bulk, $14.00 1 4.75 1 top, $14.85; heavyweight. JI3.65 m 14.60: medium weight. S14.35v $14.80; light weight, $1 4.50 14.85 ; light lights. $18. 60 14.63; heavy packing aowa. smoouij (12.606 13-40; packing, sowa. rough, $12.00 A 12.65: pigs. $11.7513.75. Cattle Beeeipta 6000, slow, mostly steady. Beef steer, medium and heavyweight, $12.60 13.65; choice and prime, $12.60 ( 1 3.65 : me dium snd good, $11.23 12.73; good and choice. $12.25 H 18.60; common and medium, SO T 1 K Mnrnmnn . n.l M,rtln. S O V S Art 12.25; butcher cattle, heifers. $7.75 9 18.50; eows. S7.6O01I.OO; bull S7.0ll.O0; canners and cutters, cows and heifers, $5.00 ft 7.50; canner steers, $6.2R38.50; reel calves? (light and heavyweight) $1 1.00 9 18.75: feed er steers. $8,75 01175; stocker steers, $7.75 11.00; stocker cow and heifers, $7.25y 9.73: stocker cslves, $7.76 & 10.50.' Sheep Heceipts 3000. slow, stesdy to lower. Iambs (84 ponnd down), $15.25 017.00; lamb (85 pounds up). $14.50 017.00; Ismbs, culls and common, $11.00 (f 14.50; spring Umbs, $15.00 17.60; yearling wethers. $12.00 1-5.00; ewes, $9.00 12.25; awes, culls and common, $4.60 8.75; feeder iamb-a. $12.00 ? 13.75. Kansas City Hogs $14.80 Kansas City. May 21. (L N. 8.) Beceiita 2300; about steady. ' Steers, $9,00 0 12.65; cows. $8.00 11.00; stockers and feed ers. $6.00 11.50; calves, $8.00 911.00. Hogs 1600. Steady to strong. Top, $14.60; bulk. $14.00 014.40; heavies. $14 00 14. 40 medium, $14.25 14.50; lights. $14.25 ? 14.60; pigs. $12.0018.25. Sheep 7000. No sale reported. Omaha Nog flA0 Otnav Neb., May 21. (I. W. 8.) Hoc Receipt. -10.000: active, 10 25c higher. Bulk. $13.75 914.25; top, $14.40. Cattle Receipt. 8000; killing classes activ and strong, stocker and feeders, slow to 3 6e lower. Sheep Beeeipta, 10.000: nominally steady. Denver Hogs S14.CS Denrer. Colo.. Mr 21. (U. P.) Cattle: Bereipts, 1500: steady. Steers, $10.60 li.xa: cows ana neuers, sn au&ju.oa; ux-.b er and feeder. $7.50 9 10.60 j calves. 13.00 17.00. Hogs Receipts. 500; 10 , higher. Top, $14.25; bulk, $13.55 & 14.10. Sheep Receipt. 800: strong. Lamb. $17.00018.00; awes, $11.50912.00. - Honey and Exchange New Tork, May 21.-I. N. S. I Call money on the floor of the New Terk Stock Exchange today ruled at 7 per cent; high. 7 per cent; tow. 6 per cent. Time money waagirm. Rate were 9 per cent. The market for. prune mercantile paper was at ren. - - s Call money in London today wa 5 per cent. Sterling exchange waa strong, snth burin as in banker' bill at 383 14 for demand. Foreign Exchange Market New Tork, May 21. (U. P.) The foreign exchange market closed steady. Demand sterling mad another gaia of to 88.83H- Franc cheeks rallied 10 contuse to, 13.82 and lire check gained 40c - to -1 9.12 ; mark demand were, .0236: cables, ,0238; Canadian dotiart. demand. -Sai5. Chtearo Cash Wheat "Chicago, Msy 21. (D. P.) Cash Wheat Wo, S apnng, $2.95. . FARM LOANS FOR APRIL REPORTED AT TWO M L ONS j During the month of April, 1920 aggregate of $2,078,876 waa loaned an to 613. farmers of the United States by the federal land banks on long time first mortgages, according to the monthly statements made to farm loan , board. The federal land bank at St. Louis leads in the amount of 'loans closed, the same being 1459,000, the federal land bank at Omaha following with $386,600. The other banks closed s loans in April sis follows : Louisville. $316.600 ; Wichita, $274,000; Springfield. $266,850; Berkeley. $184,200; St. Paul. $83,000; Spokane, $71,750;' Baltimore, (54.400; Columbia, $15,800; Houston, $14,176; New Orleans, $2300. - ; During April. 1101 applications were received by the 12 banks, asking for $3,856,416, and during the same month 847 loans were approved by - them amounting to $2,349,975. On April 30, 1920, there were operating in the United ' States 8988 -farm loan associations, and the total mortgage loans made by the federal land banks through these 1 associations to 125,003 farmer- borrowers as of that. . date amounted to $346,616,041. : Deducting from this amount the loans paid oft in full by borrowers, to-wit, $10,375,455, the grand total of loans in force as of April 30. 1920. $336,240,586. is distributed with in the federal land bank districts. Up to April 30, 1920. matured interest and amortization payments due by bor rowers to .the federal land banks amounted to $23,160,068.75. ' Of this amount all but $289,621.60,- r 1.3 per cent, had been paid, and of this sum $128,662.22 represents delinquent install ments maturing during the month. Irrigation Bonds ; Ask Certification Salem, Or.." May 21. Fifty thousand dollars in bonds of the Grants Pass ir rigation district was delivered to the state engineer's office here, Thursday, by Wilfred B. Allen, secretary of the district, for record and certification. preliminary to the sale of the issue. This is a part of a $290,000 issue voted by the district, $106,000 of which has previously been certified to and sold. The district includes some 8500 acres. Portland Wool Sale . Fixed for June 14 Brownsville, May 2L The Linn County the delayed season, the wool sale which was to be held- in Portland by the Columbia Basin , Wool warehouse May 25 has been postponed until June It. Now Is Investment Time j The new low reoord made by Liberty bonds and Victory notes places them on an investment basis that brings them into the market in competition with the best of private securities. These issues are today netting a return never before equaled by government scuritles and present an Investment obportunity that ia unexcelled. PACIFIC COAST BA1T. STATEMEXT aortland Bank This Week. IS 7.880.100.17 Clearings. Monday . . . Tueoday . . , Wednesday . Thursday . . Tear Ago. $ 5.89V.6A4.11 5.158.737.29 6.319.925 78 6,383.850.40 .8 . 873. 702.91 . 6.823.707.57 . . 5,472.661.83 Holiday Friday .... - Spokane Clearings Friday...... Balance Friday ...... Bank 2,050.593.00 523.585.00 Seattle Bank Clearing Friday ...........$ 6.769.697.72 Balance Friday ............ 1,837,844.71 San Francisco Bank Clearings Friday ............ $23,992,980.21 Le Angeles Bank Clearing Friday ...... . . . .. 312.748,699.00 Liberty Bond Sales (Furnished by Overbeck Cooke Co.) unen. Hign. uow. Close. Liberty, $4 ... 9080 9180 Liberty, 1st 4s... 8810 8400 9080 9160 8810 8140 8440 8200 8650 8270 9800 9492 8850 8860 8660 8410 8800 8900 9620 .9820 Liberty, 24 4s. .. HI40 84rO Liberty. Jt 4s, 8460 8S80- Liberty,. 2d 4t. 8200 8430 Uberiy. Id 4, 8660 8650 Liberty, 4th 4. 8270 8510 Victory, 44.... 9500 9640 Victory. $.... 9494 9620 San Francisco Poultry Market San Francisco, May 21. 0. P. ) Broilers, $5 37a; large hens, 88 89c; beat ducks, 26 29o. 0 Northweft Municipals Price Attractive Yield A Splendid Buy City of Arco, Idaho ELECTRIC To Yield . ESTIMATED MATTJJtlTIZS 19$19$9 ' Dtaemlaatioa $1909 Price par to yield Friaelsal aid aemi-ansnal interest payable at Katloaal Bask of Coraaieree, Kew . - , York .; ... ...... ARCO is the county seat of Butte County, Idaho, and-is a substantially-built, modern city. In the" midst of a rich agricultural and stockraisiner eountrv. - it is on the Mackey branch of the Oregon Short Lime, 30 miles north of Pocatello. Its unusually fine municipal features make it a most desirable place. It is in aood financial condition, its record in this respect being exceptional. These bonds were issued to double the electric power plants needed energy, . , . rr Telephone or Telegraph Morris Broth urs ms Caarraa c7AeePremtercMuwcpaBon(irHoui9 Harris Bid- $6-U Stark 8U Bet. Fifth and Slztt Teleahoae Broadway tlil lOacMnjjCM . Oovlas MmketI STOCK ItoPics ( Furni'hed air Herrin Rhodes. Inc. United States Industrial Alcohol ' de clared per cent dividend on common stock, payable June 16 to stock record June 1. .- ; j !" Interstate com me rear commission, de claring emergency exists on railroads, suspends rules and regulations govern ing movement of routing of empty and loaded freight .and coal cars. President Reynolds of Continental A Commercial Trust company of Chicago says at conference- of bankers and fed eral reserve board In Washington it is generally agreed higher discount rate is unnecessary. Reported $40,000,000 In fcrold from London en routs to New Tork. Kenneeott Copper company declared regular dividend of 50 cents per share, same as three months ago, payable June 30 to stock record June L Utah Copper company, for quarter' ended March $1, shows total net profit of $1.76 per share, $10 par value, against' net profit of $1.66 per share j last quarter. ' : , Reading A Co. declared regular quarn terly 1 per cent second preferred dlvi-. dend, payable July 8 "to stock records June 22. Fumlhed by Overbeek A Cook Co.) i New York j News: Bearish element ; declared that short covering represented principal part of yesterday's buying. Admitted that some large room, traders actually did cover substantial amount , of short Btocks. Stated on other hand , that there was heavy liquidation. In some circles alleged that money and credit situations are as bad aa ever. .; Believed that ; calling of attention to high interest return on government is-; sues will bring In enough outside buy- lng to turn market for these securltlea . Washington. Acceptance of the rec ommendations of the rallronds for the distribution of the $300,000,000 railroad loan fund was announced today by the i Interstate commerce commission. Regular dividend General Electric f caph 2 per cent and stock 2 per cent,; July 15 to . record June 10. i Congressional leaders predict 10 peri cent tax on stock - dividends in Donus bllj will not pass ; senate. Twentyi industrials 88.16, up .80. Twenty rails 70.13, up ,24. Phone Company in Forest Grove Files Its Incorporation Papers Salem, May 21. The Western Oregon Telenhone A Telejrraph company of For est Grove, capitalised at $30,000, filed articles of Incorporation with the state corporation department here, Thursday. The incorporators are W. S. Moreland, E. C. Moreland and George A. Bauman. Articles were also filed Thursday by the SL Johns Construction company of Portland., capitalised at $50,000. Percy Goelett, F. E. Swanson and George J; Cameron are the incorporators. Resolutions of dissolution were filed by the Lane-Mlles 8tandlshvcompany of Portland. The Wauna Navigation company, an Iowa corporation, filed a notice of withdrawal from Oregon. Many Investors Caught in Fall By Broaden Wall T New York. May 21. After establish ing new low. prices In many Issues, the stock market rallied in the late trading Thursday so tfRt final prices showed sharp recoveries from the bottoms and many net advances were scored. Lib erty issues made new low records again. Liquidation ' for the account of beleag ured investors and business men con tinued. The covering movement was entirely professional. The Wall street situation Is due to the unfair Action by politicians and bankers and the government This. ac tion may be taken with, the best of in tentions, but it Is ruining .thousands of honest investors, and is enriching pro fessional traders and bucket shops. The federal reserve board has selected this particular time to club business men Into reduction of bank: loans. Of course, there are business men who are profiteering and hoarding - commodities, but the congestion of commodities that is causing the present undue stress is not due to boarding but to tha collapse of the railroad freight aystem. Your Bet Investment Excellent. Tax Exempt LIGHT BOXDS 6 to supply added industrial activity with . - - -.j. .-' .... v Orders at Oar Expease :mmmJk w tvauat " CtMTue-r f Belgium Expected To Pay Her Debt That the $50,000,000 Belgian accept ance credit that matures on June 30 probably will be tutid off. Is tha brli T of prominent bankers. It is stated that the credit could not be renewed In ttw form last granted, as the federal re serve board has ruled against renew int, 90 day acceptance credits. In Jhe case of this loan, a special ruling waa made by the board to the effect that the original bills could be renewed three times, making the credit run for one year. The Counsel of Many Minds Millions of dollars each year are invested by the Lumbermen Trust Co, in the purchase of bonds. But not one bond is , ac cepted until it has passed 1 rigid tests of our experts. Lumbermens Trust Co. Bonds Trusts Acceptances Lumbermens Building Baby Bond G Denomination $109 $300 - to yiald Cash or Partial Payment rial Ask for Hst MAIM 646 Vhy Property Management is best handled by a Specialized Organization is set forth in a little book we should like to send you. -w" -" a L-OeatTT BuilOtMC J stcon FACTS t 8 ASOLIDFOUNDATIOIJ On the graded surface on which th surface Is laid depends- In more ways than one the success or failure of the road. Then why destroy .a thoroughly solid macadam road wh-n" by adding a surface you will have the benefit of the very best in wear, durability and econ omy in maintenance? To preserve ihli fine base it is only necessary to cover it with WARRENITE BITULITHie WA-BBEK BBOTUERS COMPACT Staeks, Boads, trot son. Grain, Kte. U-31I Beard ef Trade B eild ng Oyerbeck&CooIicCo. DIRECT PRIVATE WIRE TO ALL EXCHATiGES Kerabers Ckleago Board of Trad j j NORTHWESTERN BANK BLDG. Correspoadeats Chicago of Lneea Bryis hew loia