THE 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