13
THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING,' JUNE 13. 1820.
DEMORALIZED WOOL TRADE DUE TO
EUROPE II MARKET
FORVHEATSUPPLY
Pemaad Is Shown hut Trade Is Ocm
' fined Principally Among Dealers
-Watchln; the Crop Reports.
Foreign demand for wheat continues
rather liberal and soms trading: con
tinues at -Pacific Northwest points, al
though business is principally between
dealers.
Crop conditions ere beta eagerly watubed by
the trad, and recent rain appear to ban stimu
lated the plant, tiila seine especially trae in
Ilia light lead sections wbicb need moisture at
tMU time mora than tha heavy land diwriet
Special report of county eorr-pirjdinU of
T L Kent, field scent of the depsrUueat of
agriculture show: - .
Beaton Spring train badly to need of rsla.
On account of December. 1919, fretaw black
fcerries mostly killed back to root.
- Clsckaniee All grains- ara doing wall on ac
eount of frequent showers, .
. Cooa Pastures and all erope suffering for
Want of rain at tha and of sfay.
Iocigl Killing froaU May 28 and 29. Pan
tor fast drying up. AH eropa needing rain.
Cram crop acreage leas than last year.
- y Lane Cold nights with . froat baa reduced
apple and otbar (rait eropa.- Pastures, meadows,
ad erops generally backward on account of cold
dry weather.
IJnn The spring baa baan unusually dry and
old. which account for tbe low percentage ooo
Hitioa . of eropa , Aphia raportad la aotna retcb
fields -
Polk The season has baan too dry and, oold
"f.rr moat crop. Clove and sraas has mada a
Washington Hay eery poor on aecouat of
eontinued dry eoid weather. ,
- Baker Farm labor la almost Impossible to
get. Conaidarabla) land sot cropped for lack
of help. Going to be hard to take care of
UUliSJn a onekfcrable per cant of the
winter wheat In thia locality frose and rotted
out. The spring wheat and rye is looking fairly
well. Tba wire worms are working on both
print and winter train. All grain is back
ward doe to eold ' weather.
- Jefferson All train to late owing to tha sold
weather prevailing. - Frmt Hay 29 did some
, damage to 'early train which wan heeding oat
Uraetiile Condition of fall wheat ia good bat
etand ia thin ia many fields on account of poor
gemination. - - Sprint wheat acreage la largely
raseeded fields of winter wheat, and aeada rain
and warm-" weather.
Klamath May waa eold and windy month:
- barley, wheat and cats froaen back, makint poor
shewing, and some to be reseeded. Irritation
jurt beginning.' Aereage of ail eropa ahow in
creases ever las year.- -.-.-
Lake- General condition are far more favor
able than 1V year. All grain making rapid
growth. . Alfalfa. "Tlelds in excellent eouditUsz,
fcotne frost damage May 25.
Malheur Crop condition, in general may be
said to be favorable. Alfalfa tba most important
rof of the oounty.. looks eery promising. Small
rain, though backward on aooount of oold and
annual wind, ia of good , oolor. -
Since the foregoing reporta were received a
.ooii rain "over pretty much ail of tha state
?i June 6. greatly improved toil moisture eon
linone. Hither temperature nave also pre
' vailed in June to date, and crop cooditione as
' result have materially improved. '
. i . ' .
O. S. Kay. field agent for Washington of the
fjuited fitaUa department of agriculture, reporta:
- Abnormally cool weather was experienced dur
ing Mar. Light to heavy frosts occurred-Ute in
the month. Meadows - and pastures did fairly
Weil but grain crops were ail retarded. - Rains
beneficial to tha grain crops, particularly in the
iir Rend district, have fallen since June 1,
. Winter wheat production in Washington is
estimated to be 18.889.000 bushels, baaed on
the. June 1 - condition. 78 per cent of normal.
ThU condition, aa stated in the report of O. 8.
. JUy, s field agmt for the federal bureau of crop
caiimatea, is tha same aa tha Msy 1 condition,
but ia eonaidersbly lower than the five-year aver
age, condition of 8? per cent on June 1. -.. The
production of winter wheat in the state in 1919
was 19.fi00.000 bushels, and the average for
1913-1919 is 19,867.000 bushels.
Thj condition of the winter wheat crop in
tba United States June 1 waa 78.2 per cent of
normal, toreosstrne production of S08.998.00O
badiel. as compared with 781,888.000 bushels
' n 1019. - --
W'SAbingtoa haa planted 1.808.000 acres of
erring wheat this season and with a condition
68 per cent of normal on June 1, tha icrop Is
estimated at 28,541.000 bushel. The 1919
production . of sprint ' wheat was 20.810,000
bushels. This year's acreage is 4 per cent
greater than that of last year, the increase being
due primrily to the areas raseeded where winter
wheat was abandoned, principally in the Big Bend
district. , Tba lata season with rather poor grow
ing weather has given tha" errgt tha lowest June
1 condition since 1918. when it ' was but 80
per eent of normal. The a re rage June 1 eonfu
Hon for tha past five years la 92 per cent. -
Tha area of spring wheat . in tha United
States this year la 19.4 97,000 acres, a decrease
of 8.851.000 acres from tha 23.888.000 acres
la 1919. Based on June 1 condition, 89.1 per
eent of normal, the forecast for the total United
Mates crop U 27fl.S47.O0O buaheh, as compared
wiih 209.851.000 bushels produced, last year.
The combined acreage of sprint and winter
vheet in Washington this year is 2.248.O0O
acres. This area, while less than the 2.440.000
a;res rn 1819. is above the 10-year average area
Of 2.081.000 acres. Sprint wheat this -year,
with 1,508.000 acres, is considerably above the
30-year avearsgc of 1.183.090 acres : while wtn
te wheat, with 785,000 acres, is lower than the
lo-year average of 898.00O acres. The total
Indicated erop of the state for 18X0 based on
June 1 eonditkm. . Is ' 42.8&0.000 bnhela, as
. compared with 40,100,000 bmhela In 1919 and
thj 1 0-yesw ' average production of 42,266,000
buaheU. - - - .
Kl.OTJR Belling price, mill door: ; patent.
818.75: MonUna sprint wheat. 814.35; Wiltsm
etts ealley brands. , 911.20; local straight.
911.20; bakers' heal, 918.50; graham, f 11.60.
fricim for city deliveries -for five-barrel lota.
H AT Buying prices: " Willamette timothy,
. fsncy, 832.00 per ton; velch. 980.00; cheat.
S22.00 23.00: straw. 910: clover. 131.10;
rain 825.00: trfalfa. 385.00 88.00 a ton. -
ORAIN eACKS NominsL New crop deliv
er,. No.-r Calcutta, 19)a19o la oar lota;
less amonnte higher. ' f
MlIXSTUtTS MU1- run at mills, sacked.
.9ATS p ton. buying price: . Feed. $70.00
9 (0.50 . j -
BARXJBT Buying price: Feed. 866.00 9
. 50; nulling. 367.00 9 67.50; roUad bariey.
aciJing pnea. 872.00 ton.
MerchanU Exchange bids:
X V- 'FEliD OATS
Ko. 8 white . . . . . :
' . BARLXT
No. S blue
Standard .feed .... ......
. CORN "
Ko. 3 yellow ... . .
Fstern corn to bulk 1
S yellow. .
Jane July.
6900 6900
6600 6600
500 6400
7700. . 7500
7450
.T?J? tott ,uJ' Tellow" mm. deliverv' at
eo at 74 SaT shipaunt Ko. 8 yellow
' Forelfa Crop Estimates
a"Jtch received fcy the bnrean af cmrj
eetimatea. United Htatea department of sjrrt
rnlmaa. June 2. 1930.' from the International
Imitate of Agricurture.l Rome. Italy, give the
of wheat in British India as
"00 0 bushel., or 1 SO I p.r cent of the
1919 production, ami ; 103.4 per cent of a
five year average. 194 4-1 91 8. .
The 1920 prtducOon of corn h Argentiaa
M 2H.692.000 bushels, or 115 4 per
cent of the 1919 production, and 182.1 par eent
4 a ftva year average, 1914-1918.
The oonditlon of eereals on May
'"" reat Britain, Ireland, t'rance. Hun
try, Portugal. Jypt. Morocco, There was
aneuth In South Italy and Algeria. 1 ,
jw. ' H M mm M V WW MMMMnHM. . ;
Electric controls permit a new search
light to be operated from points as dis
tant as ten .miles. ,4 . . - .
Overbeck &
Co.
Stocks, Bonds
Cotton. Grain, Etc. .
DIRECT PRIVATE
WIRES TO ALL
, EXCHANGES
Members . Cnicaco Board of Tn.a
CorrsepoTidents sf Lgn Bryan
tl-il7 Beard sf Trade Bstldlsr
BUTTER HOLDING
AT STRONG PRICE
IVocal Situation Is Unusually Firm
for Storage Period Ice House
Stocks Show Very Hear? Loss.'
Butter market held . remarkably strong
during; the week,- not only at Portland
but practically along the - entire Pacific
coast. Demand for butter, appears to
have grown somewhat, Cold storage op
erations are gaining-, but the ' totals to
date this season are much below .those of
a year ago. There appears little likeli
hood that the storage stocks for 1920
will be as heavy es a year ago, although
it is - still possible to increase holdings
this season providing operators are will
ing to follow the market upward. That
there will be an upward swing to val
ues if the usual summer- shortage is
shown and cold storage -wants continue.
is the idea expressed by leaders of the'
trade. : .
- No change was mada in tha price of printa
during tha - week but there was. firmer tone
in cubes and extras ruled well at 50e a pound.
Tha former weakness against of f grade stock ap
pears to nave bean - lost, for demand now ' In
cludes ail grades. . , :! -
. Km Trade Is Higher :.-
Higher prioea were forced for eggs in the local
trade during the week. : There was a very good
demand from tha in term our. tain country and as
the government was buying for Alaskan needs
at Pacific Northwest points, this created a very
strong call. This, together with decreasing total
supplies of eggs, aa well as the fact that much
loss ia shown in candling, gave the entire market
the beat tone for several weeks.
Ohlcfcen Trade Stagnant "
Stagnation - wasa almost complete in the
chicken demand for -the week. While receipts
were libera, the call waa limited asd all through
the period wholesalers were forced to carry over
stocks from day to day because of -the lack of
outlet. Principal weakness remains in the light
weight stock, small bens and springs being espe
cially glow and weak with the greatest price loss.
Calf Market Is Quiet
-' While there was not a wry liberal -supply re
ported in during the week,, the market for coun
try killed calves was depressed most of - the
time. .At the start of the week the feeling waa
fairly good and-tops commanded 19e generally,
but .later the best price was about lc below thin
j Praised Host Hold Firm
Country killed hogs showed a firm tone along
Front street for tha week. . There was a fair sup
ply for the period but demand continued keen.
Moat of tha sales of taps were made around
-2 ue a pound. . r . :
Strawberry PHoea . ErrwUo V
ery ; erratic -tone ruled in tha strawberry
market for the - week. At the start of the
week there was s weaker tone and lower prices,
resulting in a - bad break Tuesday, with moat
of the supplies injured by recent rains. Oa
Friday the market showed a firmer tone with a
sharp advance in the price. Cannera hare
started operations for tha season.'
'Potatoes HH Record - -4
Old potatoes hit a new high record in the
local trade with sales aa high aa 12o a paand
during the week. Of feringa of old stock are
scant while demand ia food. . New whites from
California are arriving , and are showing lower
values, sale being mada. under the old stock for
the first time thia season.
Cheese Market Is Quiet
With ' no further price change for the week
the market for cheese ruled about steady for the
period. . Outside . markets are showing a Well
maintained price and thia ia clearing . the at
moapbare somewhat. , ' . -
WHotESArir "PBitrEs rsr po&tlakd
These are prices retailers pay wholesalers, ex
eapt aa otherwise noted:
Dairy Products
: BUTTER Selling price, dox lots: Creamery,
prime parchment wrapped, 54c lb. ; prima first
62c lb.; firsts, Slo lb.; smaller kita at an ad
vance. Jobbing prices: Cuoa extras. 49 S)
50e; prime firnta, 48 48 He. - -
BUTTERFAT Portland delivery basis, S3
B5c: country stations. 519 52a.
OLEOMARGARI.NK Best brands. 40ei ordi
nary. 83 He: bakers. 33c: nutmarcarina. .1 lb.
cartons, S2e lb. -'. - - ,
CHEESE Selling nrlee: Tfflamook. fresh
Oregon, fancy triplets, 8 1 3?c lb.; Young
America, 83 84c Prices to jobbers, f. e. b..
Tillsmook triplets. Z8c: Young Americas, 29c
Selling price:- Cream, bricks, 40 42c Belling
pnea: Block Bwua. 48 049o: hmborter. 40 m
42a per lb. . .
;G8 Buying prions: Current recnDta. 88e:
cr.ndled. selling price, j 43 44c; select. 44 0
45c. . ' -' ,
UVS - PlllLTST SeHlnt ' price: Heave
hena. . 24 25c; light hens,. 1 5 1 8c: spring.
light. 18 020c: heavy. 25c: old roosters. 10c
lb. ; turkeys, live, i ; dMeed, 45c lb.
Fresh Vegetables and Fruit' '
FRESH FRUIT Oranrea. 8S.SOe8.BO r
box; bananas, 11 12c lb.; lemons, 85.00 0
6.50 per orate; Florida grapefruit. 87.50 4S
9.50; California, 84.00 (9 4.66.
AfFUts vanou yanabe. local. 81.25 a
4.00. ' ! -
DRIED FRUIT Dates, Dromedaries. 17 SO-
Fsnhv 84.00 iper box; raisins, S crown loose
Muscatel. 18c per lb.: figs, 33-SO 9 5.50' box.
J10a Seutng price to retailers: New red.
82.252.75: white. 82.75 crate: rarlic SSs
lb. t green onions, 40e per ,doasa bunches; oaioa
sets, 17 18n per lb. j ; . : -: . , ,.
POTATOES MeUint price: neeeon f.rv
810.00 12.00;, iiems. 312.00 per owL; new.
12012 He lb.
BnRKlKS Orea-on Dullazx. : M Ooa a
Clark wtlins. 1 . i r . . .
VEGETABLES Temrns. ' 33.80 aaeat ear.
rots. 84.00 sack; . beets, 85c dozen bunches ;
caoDsge, uiiiomia, fl taw; leituce, Sl.7SW2.O0
per crate: cucumbers, 82.50 - per , dor-en;
tomatoes, 9Z.50; egg, plant, 'Oc per pound;
brocoUi. 82.25; ball peppers, 75c; celery. 31.50
per dosen; peas, lOo lb. ; . artichokm, $1.50
per down; asparagus, Oregon, 81.76 par
doaeu bunches. '
Msats and Provisions
COCNTRT klKATS Sellinc orirei O-minrrv
hogs,- 20c for top blockers; heavy. .16c: beat
veal, 18019c: heavy, veal, 12018c per lb. -
oiii.'Mu m t ji i nam. 40 ?4 5c per lb.;
breakfast bacon. 86 0 57e; picnics. 26a uer lb.:
cottage roll, 55c per lb. , ;
UkRli Kettle rendered. 27 Ue Th.; atandavrt
25c; tierce basia com pound, 23 He , -
Fish end SbaHflsh -'-
FRESH FISH Salmon, fresh Chinook. 22 0
35e: halibut, ' fre-h, 20c; lb.; eturgeoo.
t 1 : black cod. 10 0 lie lb.: silver m,it
10c per lb.; kippered salmon, 82.50 per 10-lb.
basket: kippered cod. 82.35: Columbia smelt.
6c per lb.; razor, clams, ( box; crabs. 82.50
eT3.no aoacn; roe sbsd. lOe lb.; drewed shad.
5 0c; ling cvd.8Q lb.
Orocarlae - .'- r '
SUGAR Nominal t Dricea. -: refiner-. Kuia.
Cnbe, 325.60; fruit and berry. 824.75; D
yellow, 324.1S; granulated. 824.75; extra C.
3Z4.35: golden C, (24.25.
HONEI New, 97.0007.00 cafe,
BICE) Japan style. - No, 1. IS He; New
Orleans head ) ; Blue Rosa, 15le per lb.
SALT Coarse half ground. 100s. $17.25
per ton: 50a. 816.75; table dairy. 60r. 317.25;
ouee, ea.aueye.uu; laucr taoie ana dairy
830.50: lump reck. 826.50 per ton.
BEANS Sales h iohheml Kmn whita
T He per lb.; larg white, 7 He lb.; pink, 8 He
lb.: omaa, 12Hc; bayou. 11 He; reds, 10 He;
Oregon brans, buying prices nominal. 6 He lb.
jA?iXtL aliJuK, Carnation. 86.85: Borden,
86.35; Aster. 86. 25 Eagle. 811.25: Libby.
86.25: Mount Vernon, 86.25 per case.
COFFKE Roasted. . 84 ei4Sa i nrh oe
drama -
SODA CRACKERS In bulk, 17 He per lb.
NUTS Walnuts, 89 0 40c per lb. ; almonds.
88c; .fUberta, 32c in sack lots: peanuts, 15 0
16e; pecans, 25c; Brasiis, 30c. ; ,
nepaa. Paints, Oils
ROPH Bi-al. dark, 18 He; white, 20c Vb.;
Standard Manila. 23HC
-- UNSEED OIL Raw. bbla,. 81.98 gaL;
kettle boiled, bbla.. 32.00; raw, eases, $2.13;
boiled, cases. 32.16 galloa.
COAL OIL Water white, la drums or Iron
barrels. 13c gaL; cases. 24c pat saL
GASOLINE Iron bbla., 25 e; eases, 8 8e;
Ja8 mc- ULDUUltB, IIUB DOX.. X ISC 1 CM
WHITE LEAD Ton lots. 16c;
18 H c per lb.
82 H c
900
TURPENTINE Taakx. 2.2;
2.41;
v-asi so - 3 sasa .
. MHoea..aowl and x Hides
BOPS Nominal. 1019 crop, 81
Tb.
" iutf Jsomaaal. no. 1 - salt cured hides
funder 45 lbs.). 16c; No. 1 salt cured bids.
tover aa ns. 14ej No. X salt cured bull
wuj curea maea, la per lb. Ires:
STOCKS GRAIN COTTON
tsaawka Listed Slew Vark Stack
Reduced Commission SmaJI
Deposits
Co as. R. McLain Brokersv. Co.
ALLEN BROS. CO.
MOtmmwanmvtMwa wJSm,,.
Failure of Fabric -Bill Means
Loss to the Grower of Wool
By ByniSa H. Cokea
Stagnation and the lower price trend generally noticeable in the market for
wool la due to two conditions, both, of them originating from one source. This is
no other than the use of so much dirty
, refused to take suitable action to protect the interests. of the
t wool grower against the unfair competition of the rag picker
i and the shoddy manufacturers.
No efforts whatever has been made by the Oregon wool
grower this, too, is true of some other states to combat
4 the demoralising influences of the shoddy makers. - No effort
" whatever has been made bv- those sheenment to thoroughly
acquaint the public wlth tne Pr policy of using ehody cloth or clothing. Not a
single voice has been raised in the councils of the Oregon association to protect
the public against the fraudulent use of shoddy and the labeling of such materials
as wool. - - - - - . ; - . :
Oregon wool growers today are face to face with the conditions which nave
been forecast on numerous occasions by The Journal. Alone and unaided, except
by Charles Coopey, pioneer advocate of a pure cloth or truth in fabric bill.
Months ago it could be plainly seen by all who cared to see that the day was not
far, distant when the wool grower would need government protection against
shoddy. This could be well accomplished by , the passage of the proposed bill,
which haa been lost far the time being by the inactivity of the most Interested
party tne wool grower nimseir. r -
; J " Hsge Wool Stoelii Demoralise .
Today one sees the piling up of huge stocks of virgin wool all over the world.
Manufacturers in general are inclined to purchase the cheapest raw material
they can possibly secure, and get away with It. This Is the reason why they
have allowed the virgin wool to remain unsold in the warehouses and have used
daily increasing-supplies of wornout wool, otherwise known as shoddy.
The outlook for wool prices has been much dimmed as a result of these condi
tions. Manufacturers plainly see at this time the prospects for purchasing supplies
at materially lower prices, and this accounts in a measure for their unwillingness;
to purchase at the present time.- - The . wool market today' has developed into ar
waiting game. The game to likely to be so long continued - that the tired wool
grower Is most likely to sell almost at the first opportunity. , . . , - v ...
f " 7 ' I IThaseUI Affairs Also Affect Priees '
While the abundant use of shoddy as a substitute for wool has been the chief
reason for the sluggishness and . the probable downfall of wool values, -the
financial situation is also a factor. Banking interests have curtailed their loans
to such an extent that mill interests are likely to go very slow about taking on
nign priced raw materials, t - r .
Tba First National bank of Boston ad vims re-
carding' the wool situation: . , ;
V "Buyers In the 'wool ' markets of the . world
are operating with leas abandon, and tha convic
tion that a lower level of prioea ia inevitable seems
to have become more general. :: Now and again
of late tha demand for choice fine staple wool
haa cropped out t with unabated farVer, bat even
la fine wools there has been s crowing disposi
tion on the part of buyers to await tba market.
Thus, in London. the keenness i noted in the
March series haa been lacking in tha aeries which
has just closed, ail classes, except -tha choicest
merinos, atwwing declines of 5 to 10 per cent.
Cancellations that have ' occurred to certain
classes of good, have Indicated a lessening buy
ing power, which has been conceded in the hor
izontal price reduction of 20 per cent by some
department stores. In conjunction - with these
developments, sot to mention dear money rates,
manufacturers hare been asked to grant further
wage inert s sis, tha minimum demand being for
It H per cent from May 21. i
.'Buying Has Decreased -
"Wool merchants have been taking soma of tha
fine and fine medium clips out of the early
shearing western states, for which they have
been paying tha full parity of the eastern mar
ket in some instances. Buying has decreased con
siderably in the past two weeks. In the foreign
primary markets there haa baan little chanca.
Rag Men Grab Profits That
Wool Growers Should Obtain
' The condition of the wool market,
which has caused a cancellation of the
sales In this city June 14, is attracting
much attention to the rag Vnarket situa
tion, which , is 'considered the cause of
the downfall in virgin fleece.' ! '
United States Consul Petrfval Garnet. . Writ
ing from Leeds, England, gays: -i
"The prosperity of the woolen rat trade was
much greater at tha close of 1919 than , could
have been expected even six months before, end
the rag and shoddy industries sre stitll. among
the moat lucrative in Great -Britain.
- "At the- beginning of 1919. the situation
caused by the ending -of the war caused, seri
ous forebodings, Immense stocks of rugs, prob
sbly larger: than at any previous period, were
being held, and the aigning of the armistice
was followed by a decline in tba varus of snany
c lasses of , them to the- extent of 30 or 40 per
cent. It - wsa considered certsm that as . the
armies were demobolized the production of cloth,
rugv and blanketts for military use would rapidly
decline sad very soon cease, and -that large im
portations of rat would follow when sufficient
ton nags waa available after tha cassation of hox
tUitiev v .. - - -
"The first factor by which anxieties were re
lieved was the action of the government in pro
longing war work-! after- the 'necessity for it
had passed.- This was most welcome to .holders
of stocks of woolen rags, which in some eases
had fallen to a value below mist price.
"Before the war the export trade in pulled
Northwest Potato Acreage Is
Smaller Than Previous Year
A decrease of approximately 1 12.000
acres Is quite probable in fthe potato
acreage of the three states Tpf Oregon,
Idaho - and Washington this : season aa
compared with a year ago. 1
' Figures compiled ' by Tba Journal of ares
already planted and acreage that is scheduled
to be planted places tha total area in the three
states at 1 1 9,0 0O acres compared with 131,000
acres a year age-- - :- -
- The losses in aereage are - almost uniform
In the ' three states, indicating a general labor
shortage for " planting, . The condition of the
early planting is unusually favorable 'and if
ttua la continued during the , remainder : of tha
green hides. 2c par 4b. less: hair slipped udss.
oue-third less than No. 1 hide. . . .. . .
Calf and Kip Skins '
No. 1 trimmed calf skins (up to 18 lbs.)
80c; No. 1 trimmed kip skins (15 te 30 lbs.),
20c: hair alipped skins, one third less than No.
1. akiss,, : - .: t -.
Dry Hides and Sklne l-
Dry flint hides 17 lb. and up. 26ct dry
flint bulla,, 17c; dry flint calf skins (under . 7
lbs.). 36c; dry salt hides (7 lbs. and up). 20;
dry salt bulls, 14c; dry salt calf skins -(under 7
lbs.) . 80c; dry cull hides and skins, half . pries.
- . tterse Hides . '
' Green or salted Large, wail takes off hides,
86.6-0; pony -and Omsll hides, 33.56 r dry horse
hides, 81.50 to 33.0O; bides with heads off.
60a less; bone hail hair, par lb., 25c; horse
hair, per lb.. 15c
MOHAIR Nominal; lost staple. 88 040a
lb.; short staple. 25c per lb.
TALLOW AND GREASE No. 1 tallow,
9e;-No. it. So; No. 1 grease. Te; No. 2 grease.
6c per lb.
Walla Walla Ia
Expecting Big Crop ;
-Wheat This, Year
Walla Walla. Wash,, June -12. Wheat crow
ers of the Walls -Walla valley and suvoundiag
aula ere jubilant over the piuapecls for a hamper
wheat crop which the 12-hour rain of Tuesday
afternoon and wreriing brought. "It la worth
s million dollars," said Ban Grote. a 10,900-eore
wheat rancher of the Eureka Flat district. Other
farmers want oa to state that never before to
yean' had they sees so general and continued
a pracipitstioa at this late date to the spring
as -visited this ration this week.
More than -two-thirds of sn iaoh of rain fail,
according to official weather bureau figures, and
even tha highest dry land sections are at present
a thoroughly moistened ss they were ix weeks
ago. Practically all the farmers of this region
ara of the opinion that.- with aa even break
ingtoa will produce more thss the average yield
oi wbeat per acre this year .
PROSPERITY
rags or shoddy m tne msjung oi cigin
into clothing as a substitute for virgin wool.
It is true that a very liberal surplus of wool is held not
only in the United States, but throughout the world. That
this Is due to an overproduction of wool is- scarcely likely.
It has been the increasing use of shoddy by manufacturers
and tne general cheapening of the quality of their product
despite the extreme prices asked that has forced a surplus
of wool in face of the -well known fact that the world today
is not producing a sufficient volume of virgin fleece to take
care of the current demands Of commerce.
Growers Are Much to Blame
The wool grower is almost as much to blame for the
present plight of the fleece market as are others. In this
state the Oreron - Wool Growers' association has repeatedly
except that more activity fa the neglected low
grades Is reported from the River Platte for
continental ' account, and tha "market there Is
somewhat firmer. The 'Australian growers nave
rejected the proposal that tha 1920-21 clip be
voluntarily pooled next season ( British control
eeaainc June 80 next) and Premier Hughes of,
the commonwealth now suggests that no exports
of the new elm be made until October and that
colonial wool auctions be suspended in . London
from September 80 to May L, thus allowing
the Australian growers to dispose' of theis next,
season's clip without competition. Needless to
say, tha suggestion baa not been well received in
London. Sir Arthur Goldfinch, British wool
controller, pronounces tha plan unworkable, al
though be intimates that a plan of rationing Aus
tralian. Cape and government owned wool might
be considered favorably. .,
"On March 31, according to the government's
Quarterly census, there were 664,000,000 pounds
of wool, greasy .equivalent,- in the United States,
as compared with 4124,000.000 pounds Deeem-
kber 81. 1919. and 648.000,000 pounds March
81, 1919- This would be about a year's supply
of raw materials in normal tjmes, and would go
a long way toward supplying a consumption even
as crest aa that of March, of nearly 68,000,000
pounds, or about 800,020.000 pounds, greasy
equivalent, per annum. - How . far tha growers
will be successful remains to be seen, but the
present tendencies ia the market appear to be
against them." -
rags (shoddy) was a flourishing one. One of
tha best yesrs wag 1913 when the exports
amounted to 6642 tons. Principally because
business with Italy 1 waa continued by Great
Britain, exports frran here of pulled .-''rags ranged
between 1785 and 2679 tons from 1916. to
1917. In 1918 they were less thaan 89 tons,
but in the. first 11 monthts of ,19 19 they rose
to 8660 tons.-" - ; -
"The following' comparisons ' between " rag
values; in - December. 1919. and 'the .maximum
controlled 'prices in December, 1918. and pre
war:, rates, may be of interest. The prices stated
below are per; 100 pounds, the pound sterling
having been cob verted to dollars at par:
June,
1914.
Decem
' ber.
Decem
ber. ,
1919.
GRADE."---
1918.
Per 1
00P
er 100
Per 100
pounds.
nounda.
pounds.
New black worsteds.'. .
New blue worsteds.-. . .
New black aerges. . . .
Old black worsted. . ,
Old blue worsteds....,
O'.d bWef serges
Old dark fray cloths.:.
Best black Berlin stock
ings '-.
Best colored stecAbxga .
IWt - tun .tMVinM
317.48
958.64
503.57
90.40
56.54
65.24
4?5.24
34.80
17.49
17.. 49
66.64
45;75
80:45
30.45
12M8
6.44
6.00
4,78
80,45
17.40
8.91
19.87
13. 06
11.74
57.75
63.50
Tl . 91
54.44
60.89
60.80
39.14
43.49
64.44
59.81
30.46
Best black coarse stock-
nits
Black merinos..,,.
Blue merinos.....
10.22
6.22
6.34
31.61
season, the , shortage in aereage will net be
felt. : Last season the acreage in the three
states was one of the heaviest known, but the
production peracreage was one of the smallest.
This year, with a decreased area planted and
with a -continuation of present crop prospects,
the three states will gather in as mueh, if not
more, carloads--of potatoes than during 1919.
The potato acreage shows in detail:
- 1920- 1919
Oregon 30,000 . 43.000
Washington : 60.O00 55.000
Idaho 30,000 33:000
" Total ' for- Northwest.
Los for 1920 .. . ..
. .119,000 131.000
. . ' 12.000
Umatilla County
Expects 5,000,000
Bushels of Wheat
' Pendleton, Juno 1 1 2. Frre million bushels
of wheat to Umatula county Is tba prospect
for this year as estimated by wheatgrowen.
Their optimism results from the recent warm,
heavy rains, followed by bright, sunny days.
The plants have grown rapidly in the past
week snd sre now waist high in places, with
the gram beading out) snd beginrnng to fin.
Forty bushel wheat over a large section of
the reservation and land north, of Pendleton, is
predicted. -Laot year tha yield in these districts
waa between 30 and : 85 bushels.' . The har
vest, however, will be lata, owing to backward
spring weather, end farmers do not expect to
get under way until August 1.
Light lands west - snd south of PWTietoo
have bees : meet . benefited by the rains, snd
they will produce far . better than last year.
Tba 1919 crop was nearly 4.600.000 buabeia,
PACIFIC COAST BA1TK STATEMENT
; Portland Banks .
Clearings - This week. Tear ago.
Monday -,,.. 7,072,T1. 8.24.790.87
Tuesday .... 5,678.76.9T 4.853.511.75
Wednesday .. 6.149,433.29 ' 6.178.301.78
Thursday ... 6.317,88.87 . . 6.424.922.05
Friday ...,:- 5,580.107.89 - 4.806.002.43
Week . . ... 83.864.903.S1 80 J0.82a.l5
Wednesday .. 85.884,903.91
. 30,906.822.15
... ,- s . ' . v;-. . -.
Sen Francises mint .
Ossiiacs Saturday... 822,700.090.00
- r-r- Lea Ansalse Banks -Clssrmts
Satarday . . ....... .314,070.693.00
- aaatti Bank
Clearings Saturday ...i....S T.501.S88.0O
Balances Saturday ......... . 1588.578.00
-i- Spoksne Bank' .
CI ra rings Saturday . , . , . , . $ J.3 1 8.934.00
Bslanres Satarday ... , . . . . . . . . 900,019.00
Sweden's only coal region ia estimated
to contain 300,009.000 tons of f ueL
OF THE RAG
COOS CHEESE MEN
JOIN THE LEAGUE
Organization Says Vo Attempt Made
- to Fiorce Tillaznook Into the Fold
of Orfeanlzatlon.
. Denial that the Oregon Dairymen's
league has made - concessions to Tilla
mook to force its entrance into, that or
ganisation is made by M. S. Shrock,
manager. , -
A report was current in the trade both here
snd at San Francisco to that effect. Mr. Shrock
says:-' '. v -v
. "Let me emu re yon that no part of it is
true The- Tillamook people have s splendid
marketing organization, to which - we have re
peatedly pointed with pride. Their organiza
tion is much older than oars and. consequently,
has achieved greater success than ws have dona
to date. Tillamook has its field and ws have
ours.. Ws believe in their organization and they
believe la ours.- - If the time ever comes when it
will be to our mutual benefit to unite, such a
onion can be brought -about amicably snd - with
the same friendly feeling that has always existed
between the two organisations, whose aims are
the same - - -
: : "In regard to the Cooa Bay interests to which
yon -refer, let me explain that upon request of
the Coes-Curry association, received two months
sco, we attended three of : their meetings and
explained the plan of our organisation. After
full discussion, they unanimously decided to af
filiate with us snd. according to the latest re
port from the chairman of their organization
committee. 80 per cent of their members have
now signed our regular marketing contract and
are a nart of our organisation.
"No o verm res or concessions were ever msde
by - onr organization to any dairyman or body
of dairymen. - Our organisation is purely co
operative in principle and in fact.. All members
are received 'on an equal basis snd sign the con
tract voluntarily.'
Sharp Rally Late
; ; In Day; Shares
- Close Near Top
New York.' June 12. (L N. S.) -The stock
market closed steady today. Nearly all leadinc
iatuee mada sharp rallies in the last five minutes
and closed near the top of the day.
- Government bonds unchanged; railway, and
other bonds, irregular.
' Furnished by Overbeck fc Ceoke Co.,
of Trade building:
Board
DESCRIPTION:
Alaska Gold ....
A His . Chalmers.. . .
Alloy Steel .'. . . . .
Am. Agr. Cham. .,.
Am. Beet Sugar. . .
Am. ; Can, e . . . . .
Am. Car Fdy.....
Am. Cotton Oil....
Am. IL A Lea., e.
Am. Int. Corpo . . ,
Am. Linseed, c . . . .
Am. Loco., e. . ...
I Open High Low I Close
..... 1H
38 39 H 38 88 H
.... ..... ...... 42 H
87 8TH 87 87
91H 91H 91 91 -
41H 41H 41H 40 H
143 H 143 H 143 . 142 H
44 44 44 44
18H 18H 18 18H
87 88H 87 H 88
98H 99H 98H II H
24 H 24 H 24 234
61 61 H S0H 61
89 40 39 H 89 H
125 125 H 125 , 125
89 89 i 89 89 H
94 H 94 , 94 H 94 H
. . . 226
08 58 66 67
103 H 103 H 100 H 100 H
. ..... 12
67H 62 H 56 . .. . .
79 H 79 H 79, 78
165 H 165 H 165 165
119 H 120 118 118
314 81H 81 81
93 H 93 92 93
118 119 117 117
..... ..... i.... 12
.... . ..... . 70
30 80 30 30
............... 88
113 113 118 112
69 69 67 68
44 44 43 '44
108 H 103 102 102
62 , 62 61 51
- s'- e ev.e ' 9 4
............... 21
82 82 81 81
70 70 70 70
16 16 -16 16
81 81 81 31
66 . 66 66 , 56
84 34 , 84 83
. . . . ; . . SO
94 95 94 94
14 8 158 148 '" 151
83 83 S3 83
56 66 56 53
61 61 51 51
6 5 4H 4H
10 10 19 10
11 12 11 11H
84 f 34' 'S3 83
12
65 66 65 66
.: ... 141
25 25 25 'J?
.1... 61
86 36 35 H 35 H
69 H 69 H 65 67
..... . . .. . 28 .
- ." 60
. - . . 43
..... ..... ..... 81
90 90 88 89
63 63 62 52
-78 78 76 77
134 184 133 133
82 82 32 82
89 90 89 89
18 , 18 . . 17 17
..... ..... ..... 16
..... ..... ..... 105
27H 27 27 27
80 81 80 80
72 73 ! 72 72
79 79 79 78
..... 43
............... 22
I 29 30 . 29 29
181 1831 180 181
59 H
20 H 20 20 H 20
43 44 43 H 43
25 25 24 24
41 41 40 40
78 78 78 78
12 12 12 12
29 29 28 29
; 98
8 68 67 69
'86 '- 8 85 85 -
11 i 71 66 67
38 '38 88 38
194 104 103 103
38 89 38 88
..... 87
52 63 51 SI
..... ....y ..... 16
..... ...fV.jr. 66
101 101 109 100 H
110 111 . llfl 119
17 17 17 17 .
99 100 90 100 '
83 85( 84 84
116 116 115 115
94 4 94 93 94
83 83 81 81
S1 86 35 36
82 32 82 82
67 67 67 . 87
92 93 92 . 92
23 28 23 28
77 79 77 76 H
72 , . . ....... 71 H
..... ..... ..... 74
24 24 24 24
109 109 109 109
10 10 10 10
"48 48 48 48 "
41 41 H 40 40
71 71 - 70 70
14 14. 14 14
114 114 112 113
28 28 28 27
66 66 65 65
. -i . .. . .. . . . . . 200 y,
97 97 95 96
68 68 58 68
94 95 94 94
..... ...'.. ..... 105
70 70 70 70
82 88 81 81
7
23 23 23 23
..... ..... ..... 83
..... ..... 49
53 84 - 82 54 -
20, 20 1K 1
68 68 68 66
Am. v Ship Jk - Com.
Am. Smelter, c . . . .
Am. Steel Fdy.. . .
Am. Sugar, c. . . .
Am. Sum.' Tob. . .
Am. TeL Tel..
Am. . Tobacco ......
Am. ITob. Secnr. .
Am. Woolen, c . . .
American Zinc . . . .
Ana.' Mining Co...
Atchiran, c . . . . ,
At- Gulf tc W. t.
Baldwin ", Loco., e. .
Bait. St Ohio, e. . .
Bethlehem bteel, B.
Bosch Magneto ...
Brooklyn Rapid T.
CaL Packers' Asm.
val. fetroleum, - c
- - dc . pf d.
Canadian , Pacific
Central Leather,
Cerro da Pssoo
Chandler Motors
Chea dc Ohio .,
Chi. Gt Western, c
no. ptd. i . . ,
C. M. eV St. Paul.
Chi. it Northwestern
Chile . Copper y
Chine Copper .
Colombia Gas A. E.
Colo. Fuel it Iron..
Consolidated Gas . ,
Corn Products, c . .
Crucible Steel. C. .
Colum. Graf ophone .
Cuban Am. Sugar.-.
Cuban Cans Sugar.
Denver A B. G., c
ao. pia. ......
Erie, c. ,
do 1st preferred.
Fiske Tire .......
Gsston Williams. . .
General Cigars ....
General Electric. . ,
General Motors....
Goodrich Rubber . .
Gt, Northern Ore . .
Gt.f Northern By. .
Oreene Cananea. . .
Gulf States Steel..
Ice . Securities . . . . .
Illinois Central..
Industrial . Alcohol . .
Inspiration Copper.
International Paper
Intern 1 Harvester
Int. Mer. Marine, c
do pf d. .......
Int. Nickel ......
E. C Southern, e.
Kelly - Springfield. .
Kennecott Copper..
Keystone -Tire'. . , ,
Lackawanna Steal. .
Laskey Kara. - Players
Lehigh Valley. . . . .
Maxwell Motors, c.
Middle States Oil. . .
Mex. Petroleum . . .
Montana Power ...
Miami Copper- , . .
Midvale Steel .....
Missouri Pacific, c .
Do preferred . .
National Lead ....
Nevada Coos.; ...
New Haven ......
N. Y, Air Brake. ..
N. Y. Central. ... .
Nov. it Western. . ,
Northern Pacific . .
Okla. Ref. de Prod.
Ohio Cities Gas. . .
Pan.-Am. : Pet. e. .
Pennsylvania Ry. . .
Peoples Gas . . . . .
Pierce Arrow . . . . .
Pieree Gil . . . .
Pittsburg CoaL e . . .
Pressed. Steel Car, c
Pullman ........
Ray. Cons. Copper.
Ry. 8teel Springs.
Reading, c- . . . .
Royal Datch . . . .
Hep. L S-.C...
Retail Stores . ...
Rock Island,: c . .
Sinclair Cons. ;..
Slam Sheffield ...
South Pac . - . . .
South. Bly.. e. . ; .
Strom berg Motor .
Stndebaker, c . . .
Shell ... ,. . . . .. .
St. L. 4 San Fran.
Swift dc Co. . . . . . ,
Tens. Copper . .
Texas Oil
Texas Pacific . . . .
Tobacco Prod.;....
Trans. Oil ... . . . .
Onion Pacific, c . .
Cnion Oil of Dela.
I'nited Food Prod.
Tnited Fruit
TJ. 8. Rubber, e. .. ;
U S. Smelt, Ac Ref.
TJ, S. Steel.: & ,.,
- do . pfd. ......
titan Copper . .
Vanadium,. Steel . ,
Wabash ,
Wabseh, A -. . . . . .
Western Union .. .
Wast. Electrio . . . ,
White Motors . .
WiDya Overland . .
Worth ingtori Pnran
Total saias. stocks 362.000 shares:
85.835.000. -. - .
Weekly stock sales. 2.614)00 share! ;
$84,430,000. .
bonds.
Embargo ea Weels From Algeria ,
Commercial Attache Huntington - has cabled
from Paris. June S, - 1929, that s decree of
June 1.- published to the Journal Official for
June 2, 1920, prohibits, from the date of pub
lication, the exportation or reexportation -of
wools, raw and -oa 'the. skins, snd waste Word
from Algeria to foreign countries except aader
MEN
LIVESTOC
TRADING
IS ON STEADY BASIS
Xorth Portland Values Arts Gener
ally TJnchanged. for ttwo -Ierlod---Recelpt
Are Normal Here.
PORTLAND LIVESTOCK RUN
Hogs. Cattle.
This week .... 4065 -3276 169 4786
Week ago ....... 3888 3147 862 4792
2 weeks sgo ..... 4198 3034 359 6072
4 weeks ago ..... 8898 1572 189 44 84
Year ago 8326 2590 195 4729
2 yean ago ..... 2977 2674 94 6558
8 years sgo ...... 8584 - 590 92 5188
4 yesrs ago ..... .7078 2068 60 4444
Total run of livestock at North Port
land for the .week' included 182 cars,
compared with 180 last week. 185 two
weeks ago, 113 four weeks ago, 155
year ago, 17S two years ago and 77 cars
three years ago - for . the same period.
Hogs " were steady, cattle steady and
sheep steady to easy. - ,
It is noticeable that receipts In the hog alleys
during . the last few weeks have been rather
steady.' Little change in tha volume of arrivals
has been shown during that period and thia has
enabled the trade to hold rather well. All through
tne wee tope in tne swine, alleys ruled at 915.
General hot market rants: : '
Prima mixed ............ ..815.00 15.00
Medium mixed ............. 14.60 15.00
Rough heavies , 10. 00 11. 00
Pigs 11.00 13.00
Smooth . heavies ............. 11.00 0 18.50
. Oottie Trade Holds
- Similar conditions sre shown to regwd to cat
tle receipts and the market here. Trade during
the. week waa almost urdformaOy steady, there
being no change in conditions or the price- dur
ing that period. The sale of a lot-of California
Crassers of quality at the same prioe aa fed
a run was toe big feature.
: - General cattle market range:
Best beef steers ............
Sll.7S912.25i
pvvi stasis :.......
Good to choice steam ........
Medium to good steers-...... .'
Fair to good steers ......'...'
Common to fair steers........
Choice cows and heifers.......
Good te choice cows and heifers.
Medium to good cows and heifers
Fair to medium cows and Heifers.
Cannera ...................
Bulls , i . .. . ..............
Best light calves
Medium eslees .........4....
Heavy calves ...............
Blockers and feeders..........
j l.vo w it. og
-10.60 911.00
.50 e lO.SO
8.60 9 9.50
7.50(4 8.60
9.50 10.25-
8.50 9.50
7.50 8.50
6.50 9 7.60
4.00 6.60
6.00 8.50
12.00 013.50
8.60 911-00
6.00 9 8.60
...... 8.009 8.60.
Ho Chanee fn, Sheep
T-dka the other markets, the trade in sheep
showed a steady tone generally for tha week at
North Portland, i No general chance in values
was shown, istelpts - beuxg practically the asms
as last week. -
General sheep sad, lamb rears:
Spring lambs ............. .811.509 12.00
Cull iambs ................ , 8.00910.00
Yearlings 7.00 9 8.00
Wethers 6.009 7.50
Ewes 8.009 7.09
Disposition or Livestock
Following was the disposition of livestock at
North Portland for the week:
Cattle ,
Adams Rros ....... 66
T. R. Hewitt ...... 151
Fsirchild ........... -20
Swift . ... 1193
GUI - . - ........... 41
'Hogs. Sheep.
288
a w s -a w a
1935 2280
81
, 155 157
68 253
.... 62
453
898 - 2281
2597 6774
Howitt - ............
Sterrstt ....... .. .
Schlesser ..... i .. .
Feeders, Washington.
Feeders, Oregon....
Miscellaneous ......
Totals
.1965
Dealers Say Wool .
' Growers Overstayed
The High Market
' Boston. Jane 12. Wool trading in Boston
is confined to small lota as needed by manufac
turers. Nothing is being done in the way of
corns ring future needs.. Matters are at s stand
still to all Western primary markets. A mod
erate .volume of consignments is reported, but
advances have bees, cut sharply. About 25 cents
4 pound appears to be the top on the best clips'
snd less thanr this for inferior. Possibly the
fee ling, along Summer street is not Quite ss blus
as it was a week ago, but the situation ass not
changed materially. .'
' A universal waft is heard from the wool grow
ing sections ofthe country regarding the failure
of dealers te show interest in the new . clip, es
pecially becsass buyers have not tone to - the
points selected for pooled offerings. Moat' of
the buyers have coma home and those left in the
field are attending to the shipment of tha
little wool bought or - taking cars , of consign
ments. Evidences 'multiply that growers have ' ever
stayed the market. In the face of current de
velopments wool men In various sections ara
being urged to -hold their elipe indefinitely. '
Receipts for the week were: Domestic. IE. 394.
200 pouiieds; foreign. 3.600,100 pounds.
Chicago Grain Market
, . -. CORN
- ' Open. High. : Txiw. Clbsc
July .. 174 175 170 .171
Sept. 163 164 161 162
- . OATS
July ....... 107- 107 101 101
Sept. ...... 8 ' 87 83 . 84
PORK . -
July ....... S460 8460 8450 8450
Sept. ....... 3586 8586 3570 S570
LARD
July ....... 2080, 2083 2077 2077
Sept. 2177 2177 2167 2167
RIBS
July .....ii 1885 1835 1882 1885
Sept, .. 1920 1920 1917 1920
FOREIGN- EXCHANGE RATES j
-Corrected dally by foreign exchange depart-
for bank trim? actions :
Cables . Parr
Transfers, ' Vslua.
8.94 S 4.8665
.7.60 5.1826
2.63 23.82 '
6.52 6.1820
17.00 26.85 .
17.80 26.rS.,
21.90 26.80
73.00 ....
61.25 43.30
tr 9 e
Drafts
: Checks.
London Pounds
sterling 5 8.94
Paris Francs. 7.57
Hamburg-Berlin
; Marks. . . . . 2.63
Genoa Lire.. 6.51
. . 16.90
Cbnstiania
Kroner.... 17.70
Stockholm ;
Kroner.... 21.80
Hongkong .
- Currency .. 74.50
Yen 61.00
flhsnghsi '
Taele. 98
- Survey's - have indicated . that more
than 250,000 horsepower can be - ob
tained ifrom hydro-electric development
in Transcaucasia, tbe streams of which
now are yielding less than 7000. -.
IT OFTEN
HAPPENS
that buyers of unlisted stocks pay
too much and sellers receive too little
unless they know where , to buy and
elL
OTJR UNLISTED. SEXJUKITI DE
PARTMENT makes a special effort
to obtain the best price 'for our clients '
and post them on values.
Herrin&Rhod
stocks; and Bonds
Established 18
BAIL WAT EXCHASGE BUILDI
' Members Chicago Beard ef Trade
Seattle Portland Tacoma
Range in Prices of Liberty Bonds and
Victory Notes During the Past Week
OFFICIAli CLOSING PRICES
Liberty Js." 1932-47..............
Liberty 1st, 4s. 1938-47.. .........
Liberty 2d 4s. 1927-42..... ...
Liberty 1st 4s, 1932-47..........
i.iDerty za 4s, 1827-43...........
Liberty 3d 4s, 1928....;........,
Liberty 4th 4s, 1933-3S. ..;.....
Victory 3s, 1922-23. .,
Victory 44.8, 1922-23
Dead for 55 Years,
He Visits His Sister
Kalamazoo, June 12. (I, N. ' S.)
Listed officially for 65 years as "miss
ing in acUon," William Wood manses of
Kentucky has arrived in Kalamasoo to
visit his sister, nfrs. Jeanette Harrison.
The two had not met since he left with
a Kalamazoo company for the front in
the autumn of 1864. " Five of his brothers-were
killed in the. war, and a sixth,
who served throughout the war, died a
number of years ago. Woodmanses has
just filed an application for a pension.
After the war he married a Kentucky
girl and settled on a farm In the Blue
Grass state.' -
Auto Thefts Blamed
On ; Court Leniency
; Indianapolis, June 12. (I. N. S.) Re
sponsibility for the wave of automobile
thefts with which the state Is beset was
laid directly to the lax state courts, the
state' pardon board and Governor James
P. Goodrich by Judge A. B. Anderson
in federal court here. Eight defendants,
most of them -mere boys, faced the court
on charges of stealing automobiles and
transporting them from Indiana to other
States, or .vice versa.
War Nerves Newest "Jatf
London, June 12, tL N. S.) The new
est jag" is war nerves. -And -it isn't
punishable. War nerves tend to give a
sober person the appearance of being
drunk. Magistrate Leycester warned the
police when they brought In a driver
charged with driving a car .while drunk.
"Ine man was discharged.-
ft
TAX EXEMPT
BONDS
tourer,
'History Repeats Itself
NO DOUBT majiy people are go
ine on the belief tbit times
"Will always be "good." They pro
ceed on the theory that plenty now
means plenty for the: future.-
But unmistakable signs irf the
financial skies clearly indicate the
utter fallacy "of this .conclusion. .
Save anil "invest'' is the only
safe way td" provide shelter from
the inevitable storm of reaction
0a e O a Portlasdsrm, provide yosr own luscheon dsr-
Onrine ajUggeSUOIa lag the eoSTcaUoa asd thss legtea the eaUsg
, . .. : . , ;. problem. .
Morris Brothers
CaBtTM. :
IOmHauom
4wpotvas
Iw'TmteKuTvctpaSond'house
BTsrrls Bldg- 899.11 Stark St Bet. Tift asd StxtB
Teleahose Broadway 811
..BONDS
FEDERAL TAX, EXEMPT
Preferred Stocks
NORMAL TAX EXEMPT
To Net
6 to 8
Robertson & Ewing
Government, Corporation. Municipal Bonds
207-8 .Northwestern Bank Buildin
BakB
onids
DenominnUons
i$100 $200
to yield 7 .
Income Tax Exempt
Call or write for details
. .- r .
FREEMAN
Smith
Camp
I CsSswwCw 1.
Tues.
Wed.
!Thur. I KYI. I
91.60 I 91.80 j
85.00 85.00 f
84 60 T84.60 I
I 85.10 85.46 I
Sat.
9J.00
85.60
84.f0
85.65
88.7'J
85.40
95.93
95.90
91.88
85.10
8s. 10
86.50
85.42
9L68
86.40
85.10
86.50
85.40
89.40
85.70
95.40
95.50
91.80
86.10
85.19
86.10
85.10
89.20
85.50
96.60
95.60
84. 8 -
84.90
9.s0
89.64
85.20
96.44
95.46
88.64
85.40
95.90
95.90
8S.70
96.93
95.82
Timely Wit Saves
Woman From Death
"-Greenleaf, Kan.. June IS. L N1. S.)
A ! hammer saved , the life of Mrs.
George Robertson, wife of a farmer liv- ,
ing here, recentfy. While preparing to
do, the family washing, the clothing of
Mrs. Robertson became entangled in the ,
flywheel of a motor attached to her
washing machine. Jerked to her knees
by the rapidly revolving! wheel, Jlrr.
Robertson's and came in contact with
the hammer. Realising her danger she
brought the hammer down, upon the
motor's spark plug, smashing the por
celain and "killing the engine.
Camel's Hump Is
Meat Fit for King
Parts. June 12. (L N. S.V-After
tasting ' lion's meat the gourmets of
Paris are disdaining the usual run of
beef and mutton and searching for more
exotic food. Tbe fad of the moment is
camel's hump, which, when delicately
sliced and grilled over a charcoal fire,'
makes a dish "fit for a king. Camel's
hump costs $50 a pound. Chops and
steaks of camel's meat are cheaper.
about flO a pound.
Liberty Bosd Sales
sd by Overbeck dc Cooke On )
Open.
Mon.
High. Ijnw. C1oe.
9210 9190 ' 9200
. . -. . .... K-530
8500 8450 MAO
8570 8550 85,t
8504 840 MftO
8893- 88T0 8878
8660 8530 K.HO
9600 9500 9,0
9600 9500 0592
Liberty, 8s ....9190
Liberty, first 4 . .
Liberty, 2d 4s ...8500
Liberty, 1st 4 Us .8570
liberty. 2d 4 V s . .8504
Liberty. 3d 4s..8870
Liberty, 4th 4s..346
Victory, ;4s ...9592.
Victory, 3s ....9590
a
Northwest
; Municipals
,rfM
that i bound to follow the present
era of abnormal conditions.
History repeats itself and Just
as bonds the best of Investments
went up in price and down in
yield following the Civil W-ar, so
will they eventually react to the
readjustments attendant upon the
great world convulsion.
Buy now is the soundest
i advice we have.
INC
e
irTiiwtf ir'iM..iM
do not worr y the Investor
who buys hizh grade listed
stocks and bonds outrisht
and , holds tbem lot pertnaw
nerit profit.
Tbe Ktiebei Pban at enerieisC
st aa cesvesient ne-vaaent
svasJce of won n good investor,
will
enactlae yovs to control new tin
Urge a Mack of securities ss
cowld coutrot on a cash basis. Yon
ax au dsvadsads while paying.
aria
fla She 4rel
-' ' rr rlan nf lirraii i
ties. Ask us to senwd it to yon
for six cantatas, Dept. 1.
free
i (
General 'fe
WW
' BONDS
McCexgar, Bates lively
Yeoo SuUdiat Mala 168. A-224
trvasuMsl
OtS QkMSVCS I
CimVuwv f