The Oregon daily journal., June 22, 1920, Page 16, Image 16

HE OREGON. DAILY -JOURNAL, P ORTLAND. TUESDAY. JUNE 22. 1920.
INVESTIGATION OF I TUBER MOTH POTATO SHIPMENTS ASKED tK-
GAR SHORTAGE SHOWS EFFECT
Ealtvd by
Will F. Uesslaa
POOR QUALITY OF
rnnc mm eunu
LUUOI.UH
IM
OllUlf II
Much complaint Is being made by the
trade 'regarding the poor condition of
erg i shipment from country . points.
Shipment of "black rot" are so plen
tiful at thi time that buyers are Wared.
, Wail Dairy n4 Food Comniawtoner Mick!
ma. tim ago announced that no shipments of
ggs would be allowed from country pointa un
to th stock waa candled and the roU removed,
vry nberal atoekj of that grad ant earning for
ward to market at this ium. resulting in heavy
)om to buyer. - h
Buyers say that they are able to boy egzs oa
a eandlcd basis around Itgflllie a doen.
cheaper than current remipt at 37 88c, and
for that reason leading buyer are inclined to
quota only cm a "lom-ott" basis.-
1' rices to retaiiera are bardeninc slightly oa
this account. , !.
Taos desiring special information regarding
any ssarket should write - tbe Market Ediu
Oregon Journal, enrlmang stamp for reply. -.-
BT7TTEB, TRADE IS H01DI56 TTP
No chance of mnmenl h shown in tbe market
for butter here. Both rubes and prints are mov
ing wall . at tbe printed price, - although tbe
oaUiut is rather liberal at th moment.
CANTALOUPE PRICKS ABK- HIGH
yurttwr advance has be ft forced in tbe price
nf cantaktrpe by brokers acting for California
shippers. The latest price is ti.00&.2S for
standards, and $4.7$ for pooka. Jflata are s&4
in at $3.60.
STRAWBERRY MARKET IS BUSTED
With the canneries not oiieraUna Tuesday, the
market for strawberries was broken. On tbe
street land on the East Bide Farmers' market
aalea of stock war mad from $2.T0 to $3.00
generally. '
MARVITT GETS FIRST RASPBERRY
,. Klrst raapberriea of the 1920 crop to appear
aa th street were displayed by Marvin at Co.
during tbe day. Sales were made on both th
whoieeala and naer- Market at $6.00 a erato.
Quality good. J-''
ROTATj ASS CHERIES ARRTVITTG
. : Bell it Co. were of ferine th first Royal Ann
cherries from the Pacific Northwest at 25e a
pound. Th stock eame from Columbus, Was,,
and waa of fair quality. Black ar moving
slow at 12 to J So.
BRIXF XO,Z8 OF PRODUCE TRADE
Chicken trad about steady.
- Country killed calve higher: boss steady.
Peach ar in liberal supply at $2 boa.
. 8weet and soda orackers up 2a a pound.
- No general chance in new potato prices.
WEATHER, NOTICE FOR RTIIPPERS
Weather bureau sd rises: protect ' shipmenta
during th next 84 hours against the following
m"lrn""i temperatures: Going north. 85 de
arses: northeast ever S.. P. A 8. K. K., 80 de
grees: east to Baker, 80 degree, and south to
Ashland, 85 degrees. Maximum tempers ULT at
Portland tomorrow about 70 degrees.
WHOLESALE PRICES I2C PORTLAND
' The are price retailers pay wholesalers, ex
cept aa otherwise noted :
, Dairy ProduioU' '"'
BUTTER- Selling price, box lota: ' Creamery,
prime, parchment wrapped, B4c lb. t prim firsts,
52 lb.; firsts, 61c lb.; smaller lota at an ad
vance. f Jobbing price: Cube extras, 49 a 50c;
prime finta, 4H484e. ,- i
BOTTEKFAT Portland delivery basis. 58 0
B5c; ennntrv tat:on, 61$62c !
OIJJOMAROARINE Best brands, 40c; ordi
nary, 83 He; bakers, S3o; nuLmarsarina, 1 lb.
oartnns. 82c IK i
CHEESE Selling pric: Tillamook, fresh Ore
gon, fancy triplets, 81 & 32c lb.: Toung Amer
ica, 831 84c Price to Jobbers, f. o. K.
TilUmook. triplets, 28c: Young Americas, 29c
Helling price: Cream bricks, 40 42c Belling
pric: Block Swiss, 48 3 48c; limburger, 40 0
42n per . lb. ; ! ' '
KtHiS Buying price: Onrrent receipts, 87
8R: candled, selling price, 42c; select. 43
44e.
LIYB POtXTBT Belling prices Heavy hem,
25e; light hens, ,18c: spring, light, 18 20c;
heavy. 25o; old roc-ters, ltto lb. ; I turkeys, live.
( ) i dressed 45e lb. . 1
Frn Vene tables and Fruit
PBESH FRUIT Oranges, $6.O0 w . 1 5 per
box; banana. lle12c lb.; lemons, 85.00&
8.25 per crate; Florida grapefruit. 39.00(9
9.60; California, $4.25 4.50; cantaloupes.
84.78 5.26.
APPLES Various varieties, local. $1,259
$.00. ,
' DRIED FRUIT Ttates. Dromedaries. 8T.50;
FanK 34.00 per box; figs. 82.50 6.00 box.
ONIONS Selling price to retailers: New red,
83.28 2.60; white. 83.60 crate; garlic. 35
lb.; green onions, 40 per dosan bunches; onion
sets, tl 18o per lb. - -
POTATO.fc.is - Selling price:, Oregon, fancy,
39.00 10.00; Genu. $10.00 per ewC; new.
Garnets, 12e; whites. llIlc'
BalKRlKfl Oregon Dollars. $2.60 9 8.00
. VEGETABLES Turnips, $3.50 ssek : ear
rot. 34.00 sack; beets. S5e doaen bunches:
eabbag. California. 84e; lettuce, 32.00
2.60 crate; cucumbers, $2.00$ 2.50 do. ; to
matoaa, $2.80 3.50; erg plant, 50c per pound;
bracou. $2.28; bell peppers, JBc; eelery. $1.50
perdoa.; peas, 89 10e lb.: artichoke. $1.50 per
dog.; asparagus. Oregon. $2.1 5 2.25 per doa.
bunch; string beans, 15c per lb. :
WeerU and rVorisloos
OOTTNTRT MEATS SeUing price: Country
hogs, 21e for top blockers; baary. 10c: best
al. 21 21 He; heary eal,. le per to.
best real. 20H21c; heavy real, 16c per lb.
SMOKED MEATS Ham. 4045e per R.;
breakfast himn, 38 57e; picnics, 2c per lb.;
eotur roU, 85e per lb. -
LARD- Kettle rendered, 27 He lb.; gtaodard,
25o; tiaro basis compound, 23 He.
, Flah and hallflsh
FRESH FISH Salmon, fresh Chhwr. 22 9
5- halibut, fresh. 20c pr lb.; sturgeon.
iT"' : P00, He lb.; silrer smelt,
. 10c per lb.; kippered salmon, 32.80 per 10 lb,
basket; kippered ood. $3.35; Columbia smeh..
J? JZ. . ' r"ar clams, ( box: crane. 32.50
3.60 doaen; roe shad. 10 lb.; dressed shad.
.- ling ood. 8 8c fc i ;T, "T
QroMria - ' .
.?T25AR!0,nln1 rfSoy basis: Cub.
$25.80; fruit and berry. $24.76; D yellow.
iSXb.'E&F' 2??1 tra C. $24.85;
HONET New. $7.00 70
. "f rfJle. No. 1 12c; New Orleans
J1;)! Blu. JW 14 lie per lb.
SALT Course, half ground. 100a $17 25
Per ton; 60s. 313.75; table dairy 60s. 117 21.
.VrV,?-,)4-00: tsncy tabic iid dairy!
$30.60; lump rock. $86.50 per ton.
-BEANS Sale, by Jobber. Ismail whit,'
T He per b ; larg whit. 7e lb.; pink. 8 Hi
"He: bsyou. ll4e: reis, ioHe"
fi?,!?PnSriem nominal. 5 He lb.
scs ?H miijK Crnu- 35.85: Borden.
$5.83; Aster, 85.75; Esele $11 25- lihh.
$5.85: Mount Vernon. $5.75 cLl ' U t"'
droOOFFEE---Rostcd, 34 48o fi? M
BODA CRACKEBS In bulk. 19He rwr IK.
Ropn, Faints. Oil
ROME fflsal. dark. ISHei white, 20c lb.
stanrfard Manila. 28 He.
' LINSEED - OH, Raw, bbla.. $1.98 gal.
kettle boiled. bbls.r $2.00; nw, caass. $2 13
boelei easeaV$2. 15 gallon, v z-a,
OlAL OIL Waur white, in drums or iron
barrels. 18 gaflon; aes. 24c per gallon.
GASOLINE Iron bbla.. 25 He; caseaT' 88c
ln" Jl'""111- froB hbla., ISc; cases. 82 He
WHTTK.iLKAD Ton IScTOO ttat
a ,i j trr-i
: "-
Oregon new crop potatoes have made
their appearance in the local trade, the
first supplies being offered on the pub
lic market by G. W. Ott, a grower of
The Dalles section. Sales were shown
at 15c a pound. . , t ;
While the present market for new po
tatoes is steady .to firm with no change
in values,, it is believed that before many
days that fair reductions will be forced
in this line. :;' '.
The California new potato shipping
season- is well on in all sections,, and
with the bringing In of 'the Northwest
new crop this will have a tendency to
lower values, 1 ; -
Old potatoes ar still showing a steady
tone, although the trade is generally re
ducing its price to $10 per cental for the
best stock at wholesale, which means 1
to 2c a pound less at retail than former
prices. i
; The following 'pries are average one th con
sumer are expected to pay retail stores. Quality
quoted is the average., fancy stuff being slightly
higher and inferior stuff fractionally lower:
Butter Best creamery print. 69&81.
i Kgr Fresh laid. 45 50c per doaen; fancy
fresh. 4243e per doaen.
Poultry Chicken, dressed. 85 40c per Th.
Fnlt Salmon. 8O0 35 per lb.; halibut. SO
per lb. ' -
Flour Best local patent, 1 83.60 9 4.50 per
sack, 49 lbs.
Potstoes Borbanks, 10 914c
- f hiors Iricd.' 4c per lb.
Strawberries Oreguo. 15 20 per box.
20c; br slopped skins, one third lea than Ka
1 skins.
. Dry H Ida and Skin
' Dry flint hides M7 lbs.: and W. 25e: dry
flint bulla, 17e; dry flint calf akin (under 7
lbs.), 35c: dry salt, hides (7 lbs. and up), 20c;
dry salt, bulls, 14c: dry salt calf skins (under 7
lbs.), 80c; dry cull hides and skins, half price.
' Hon' Hid .
: Oreeo or salted -!-arge.' well taken off hides,
$8.60; pony and fmsll bides, $3.50; dry bora
bides, $1.50 to t.O0; hides with beads ofT.
too lens: bbne tail hair, per lb-' 25e; horse
mane hair, per lb.. 15c .
I MOiiAIl! Nominal: long staple. 88940
lb.; short staple. 25c per lb.
' TALLOW AND GREASE No. 1 tallow.
c; mo. z, c; Ha l grease. 7e; No. 2
6o per lb. ; ,
PRESSURE AGAINST COTTON"
CAUSE i OF EARLY DECLIXE
New York, June 22. (L N. . S.) Selling
preasur la th cotton market waa renewed with
Considerable rigor this morning and price sus
tained farther sharp losses., . First price were
10 to 20 pointa tower and at the end of th
first 15 minutes bad fallen 27 to 30 point
below th previous clou. Liquidation -of July
Wss a f nature, the offering being absorbed by
spot lute rest and th trade
The elos was steady at a n'et decline of
8S prcuta. i
Open.' High. Low.
January ..$235 8248 8187
February . i . . . . .... t ... .
March i 8180 .8201 8145
April ? , .
Msy ..........8118 8139 8090
iun ..........
Auly .......... 8655 3605 8600
August ....
September . ! . . . ....
October 8400 . 8425 8356
November . . ... . . . . .... : , . . .
December ....... 3298 3312 8243
New Xorfc spot market 3823; 60 points
40 to
Close.
3188
8175
8147
8130
8000
8818
8818
8460
8375
8880
t281
240
down.
AMERICAN LIVESTOCK. PRICES
' Omaha Has S15.AS
Omaha, Jane 22. 1 1. N. 8j Hoga R
ceipu. 11,500; active, 25 950s higher. Bulk,
$14.10915.00; top, $15.45.
Cattle Reciepta, $600; beef and butchers'
stock 15 25c higher, other eliisi alow. Beat
steers, $10.40.- J
Sheep Receipts, 6000; lamb steady to 26
higher. Others slow and steady.
, i Kansas lty Hogs $16.70
Kama City. J une22 L N. S.) Cattle
ReceipU. 10,000; steady to stronger. Steers,
S15.5017.00; cows and heifers, 19.00
16.25; stockers and feeders. (8.00 10.50;
calves, $9.00 918.00.
! Hogs Receipts 999; active and higher.
Bulk. $16.00 9 15.60; top, $13.70; heavies.
$15.00916.70; lights, $15.00 915.60; me
diums, 315.00 9 15.60; pigs, $12.00 14.25.
; Sheep Receipts, 900; steady to 25c high
er. Lambs, $14.60 15.25; ewea, $6.50
7.00 i '
i - " - Ohloago Hoot $1 .
! Chlcaire. June 22. (L N. S.) Hogs Re
ceipts, 82.000; 25 940e higher. Bulk. $14.80
915.90; top, $18. OO; heavyweight, 314.85 9
15.80; medium weigh. $15.60 916.00; light
weight, $16.40 916.00; light lights. $14,159
15.80; heavy packing sows, smooth, $18,839
14.75; packing sows, rough, $13.83 918.85;
pigs. $12.00914.50.
i Cattle Receipts, 8000; steady to strong;
spots higher. Beef Steers -Choice and prime,
$14.90 917.00; medium and good. $18,009
15.90; light weight (good to choice), $14,75 9
10.50; lightweight (common and " medium )
$10.8514.75. Butcher Cattle Heifers, $7.00
914.26; cowsr $7.00 912.00; bulls, $7,409
12.25.. Canners and Cutters Cows and heif
ers. $4,26 9 7.00; canner steers. $5.7598.00.
Veal calves (light and bandy weight). $13.00
914.75; feeder steers. $9.25912.00; stocker
steers. $7.00 911.50; stocker cows and heifers,
$0.00 9 8.50; stocker calves, $7.25 10.75.
i Sheep Receipts. 5000 ; . mostly 25 9 50e
higher. Lamb 184 lbs. .down). $18,509
17.00; lamb (culls and common) . $11,00 9
$18.60.- yearling wethers, $10.50 914.60;
ewe. $5.25 7.75; ewes (culls and common),
$3.00 5.25; feeder lambs. $10.00 914.25.
- Denver Host $16.50 ; , ' . ,
I Denver. June 22. (U. P.l Cattle Re-
ceipt 2400 ; steady, 2IVe lower. Steers. 9 1 l.OO 9
15.60; cows and heifers, $8.00911.00: stock
ers and feeders, $7.60 910.00; calves. $8,00 9
12.00. i
Hcnn Receipts 1400- 15 925a higher. Top
$15.50; bulk, $14.40915.00.
: 8 heep ReceipU 5800, strong. Tmfc., 1$
916.00; ewes, 38.0098.00.
TlRFKNTINr Tanks. It'll.
10-oaae lota, le lea.
$3-41;
Ho, kVeot an Hide
HOPS Nominal. 1919 crop. $t per lb. -HIDES
Nominal. No. 1 salt cured
rlli-,.,.,a!f! S i - "vSa
5 No. 1 sett cured bull
htde. 14c; partly cured hides, lc per lb less-"vde?-
2 ". lbss; hair slipped 'hideal
oo ihird leas than No, 1 hide, i 7T
. . Calf and Kip tkma
' Not- 1 trimmed calf skins (up to IS lbs.)
0c; No. 1 trimmed kip skins (15 to 80 lb.).
STOCKS GRAIN i COTTON
(Stoea. Listed Hew Vert. tek EscnJig
. Reduced Commissions SmaU
Deposits Limited Liabilities
Chat. R. McLain Brokerage Co.
DENVER, COLO, . -,
ALLEN BROS. CO. 5
i OnarrdMP CeaoMMro Sueo. Pnoo 611f
1 New York Wool and, Hide
I New York, June 22. (I. N. S.) Wool
Dull; domentie fleece XX Ohio, 60 975c; do
mestic pulled scoured basis, 50 9 S5e; domestic
Texas scoured basis, 75c9$1.60.
i Bides Weak; xuUiv steers. 85c;' branded
tears, 33c . . t ' .' .
i : . - - ", i S :
! I ' New-Tor Metal Market
1 Kw York. June 22. (L N; 8.) Coppers
dull, spot Jun and July offered 18 H. August
offered 18 H. t
L.1? nom1i P ,nD8 Jab and August
offered 8. r 8plter quiet, spot and Jun 740
bid, July, August and September 730 9 765.
i Ktnaeanolls-Dulath Flax
' Dumth. Jun 22.- (L If. S.) Flax: Jury
.JT 3-97 bW; October,'
$3.99 brf; track. . $$.92 9 3.96; arriv. 83 92.
Minneapolis, June 22. (L N. S) Flax
No. I. $3.82 98.87: arriv. $8.82 8.87.
i - " i i 81 i.i 1 1 . --,,
! Grain Is Taralng
i Moro, Or.. Jun 22. Quit a ehang hi th
weather has taken place, from a cool western
wind to an eastern braes, and is much wanner
Grain to turning, and is also looking very goad.'
New York Bean Market
l!0' ,n 2a- L N & Bn-
Markat nan. Marrow, choice. $1.784 12 OO-
1 v N.w Terk Sagar asd Coffee
L 2? Y.ork. Jnn 22. (U. P.) Coffe
raw. joc; na. santoa, Z3 ft Z4e.
i Sugar Raw. quiet. $1 8.50 l.50f refined.
quiet; granulated. $22.00 9 24.00. "
-No.
f i ? New York Potato Market '
New York. Jum 22 1 1 i a tv-.
F,fraWrb' 1 00918,5; Berm
1 ev.vvwas.uw; eoauum, '00 9 18.00.
v Saa Fraarlseo Barley Calls
Kan FranMwo, Jun 22. Barter cat la
August. 302 H ask-
Jccmbr. 303 H bid. 80S ask.
Chicago Potato Market '
Chirago, Jan. , 2.2.- I: N. S. ) Potatoes.
89 TPS. Minnesota, Dakota, Ohio and Wiaosu
am, $0.00 9 6.60. . sau. niaooo-
; . San Fraaelsee Poultry Market
20 9 23c 2 935q. best ducka.
. ' Chicago cask Wheat 1
Oucaro. Jun 2t (U. P.) No. 1 red. .
32hd-, $228T Kak 3 2-.-a-8;
San Fraaelaeo Grata Market
?rm?cixo- Jvnt 22. (n. P.) Barley
Spot feed j-er cental. $3 r in. '
CLAIM TUBERMOTH
ALLOWED Oil SALE
i By Hynaa H. Cokes
, . Open charges that Tuber-moth Infected
new crop California potatoes are being
passed here by Inspection official and
are being put on the market, to the
detriment of tbe Oregon Industry, are
being made by George I Davenport, a
well known local carload shipper as well
as a producer of stock. - ,
That he has personally gathered tuber-moth
Infected potatoes from carloads recently passed
by th inspection service here, is the statement
mad by Mr. Davenport and he has appealed
to th higher officials of th state board of
horticulture for a complete invest igatioa of th
matter.
Numerous sample of infected potatoes aav
been picked up in th local trad after th
ears had been passed by officials have been
secured by several of the trade aa well as by
the Market Editor of The Journal-
Soma -stock has been condemned while, U b
alleged, other carloads - containing even
more tuber-moth ai allowed to go oa sale
- Tbe Journal has called th attention of Presi
dent pgrks of th state board of horticuluu
to th matter. v ,
First Prices on
Grain Are Down
' " " ' r -': ! ; - i
fHie!t Tm. OO v ar a -
- . -i ... Q.r xui , grain
futnrea broke shsrpty on th board of trad
uuem receipts, lower spot
tmpMi f .nr.M. .k . . i . . .
h.v-u,b miuTf iuu Lue weignt
of yesterday liquidation. July ry alone sltowed
any resutanc to th , decline. It was aided by
renewal of export demand. Buying against bids
i. . wuif aovnii uie only cnect fo
lk (1aHn. in . . . .m . 1. . 1 - . .
esrly sellers rallied price about to from th
' - - U17 crura xnusaeu o c
under Monday's close and September, wa off
2 7 Mt 3n . - - -
Oats showed declines of 1H for July and
2c for September.'' .
Pork closed 10c lower., lard 5c off and
riba down 12 H 9 15c . , : , , ; ;
Chicago, Jun 22. (I N. S.) Fairiy gen
eral communion house selling, in which houses
representing eastern interest were conspicuous,
caused corn to open H to Lac lower. . Buying
support waa lacking.
Trade waa moderate to cat, with scattered
selling and . weak buying suppport. Starting
price were to 1 He lower.
Provisions opened shout steady en a little
commission house demand, but reacted oa sell
ing by a leading packer. ,
Chicago rang of price furnished by United
Pre:
'4 ? CORX - :
Open. High, Low. Close
July 184 H 181 H 178 179
September 170 171 H 168 169 H
. OATS
July 104 104H 102 H 1034
September 86 H 88 H 84 H 85 H
- i . - PORK ' -
July 8452 8452 8440 8445
September 8625 8635 3610 18620
LARD
July .......... 2070 2070 2060 2065
September 2170 21.72 2157 2162
RIBS V
July 1840 1840 1815 1822
September ..-.. 1925 1940 1917 . 1925
DAIRY PRODUCE OF THE COAST
' San Franoisco Market '
Saa Francisco, Jun 22. ( U. P.) Butter
Extra. Sue. - - -
Eggs Exrts. 4e: first. 42c; dirties. 43c;
extra pulleu. 87c: nnderetsad pullet. Sic
Cheese California fiats, fancy, 83c; firsts.
27C 1 :
Ls Angl Market
Los Angeles. Jun 22. (L It. ' 8.) But
ter 60c '
Eggs Extras. 47c; case count. 45c; pullet.
Svc; peewees, sue. -Poultry
Unchanged.
Soattle Markt
Seattle, 'un 22. (U. P.)utteT City
creamery, cubes. 63ci bricks, 64c
Egg Fresh ranch. 47c; pullet. 42c
Hen 18 9 26c
Milk. . par cwt, $2.60.
' '
PACIFIC COAST BANK STATEMENT
Portland stank
Clearings This Week. ' Year ago.
Monday $ 6.844.690.18 $ 5,451.519.78
Tuesday .... 4.912.737.83 4.213.608.66
Spokane Bank
Clearings Tuesdsy 1,867,046.00
Balance Tuesday . . 596,200.00
' attle Bank
Clearing Tuesday ..8 7.312,446.00
Balanea Tuoaday .......... 1,814.007.00
-.- San Franelwe Bank
Clearing Tneaday . . .$81,900,000.00
Lo Angela Bank
Clearings Tueaday ..$12,071,831.00
POTATOES ALONG THE COAST.
' Le Angola Market!''"' '
Loa Angeles. June 22. (I. N. 8.) Pota
toes New stock local early White Rose No. 1.
mostly $2.502.86;.Nc .2. $1.00 1.75 tag;
ackd No. 1. $6.50 9 7.50 , . t,
' New York Bond Market - ' I
(Furnished by Over beck A Cook Co.)
Bid. ., Ask.
Atchison GenL 4s........... 70 H 70
Bai it Ohio Gold 4.-. 69 89
Beth. Steel Ref. 5. ...... . 78 79 Vi
Cent. Pacific 1st 4s. ........ 69 H 69 H
C. B. A Q. CoL 4s......... 934 94
St. Paul enL 4Hs 694 i 70
Chi. N. W. GenL 4s...,.., 70 70 H
L. A N. -ITni, 4s. . 79 . 76 H
New Jork Ry. 5s 21 H 24
Northern Pacific P. tC 4. . . . 70 H ' 72
Reading GenL 4..... 75H 75i
tTnion Pac 1st 4. .......... ' 77 77 H
V. S. Steel 6s .,. .89 - 90
Union Pac 1st ref. 5s., ...... 68 . 68H
Southern Pac Conr. 5a. . . . , 94 H 95 H
Penna. Con v. 4 Hs. ......... 84 H 84 H
Pennc 1st . H 73 H 80
Che. A Ohio Conv. 5s. ...... 75 ' 76 H
Ore Short Lin 4s... ....... 74 . 74H
Chieago Dairy Prodare
Chicago, Jun 22. (L N. S.) Butter Re
ceipts, 18.392; creusery extra, 56c: standards.
54c; firsts, 49 9 50c; seconds. 48947c; pack
ing stocks. 87 940c
Egcs Raceipt. 29.798 eases: mineellanecpov
87 9 88e; ordinary firsts. 84 9 86c; firsta. 88 H
939He; extra. 4141Ho; check. 20 928c;
dirtiea, 25930c
Cheese Twins, new, 24 H 9 25c; dairiea,-25
926c; Young Americana, 2S 26 Ho; Long
herns. 26926 He: brick. 27 927 He
lav poultry Turkeys. 35c: chicken. Sle;
b -oilers. 45 9 55c; roosters, 19o; gees 20
30o ducka, 32 9 40c , -
m ; V
Forelga Bond Market :
. (Furniahed by Ovrbeck A Cook Co.) !
: . . ' Bid. . Ak,
A. F. 5s Oct 1920. . 98 4 ; 99
TJ. K. 5 Ha Nov. 1921 . 96 H 97
Rep. France 6s 1 93 1. ....... 70 - 72
Psn 6a Oct. 1921 ,.,,,. 92 924
Marseille 6s . . ...,. 85 86
Russia Estn. 5H 1921...... 24 5 28
Dom. 5s April- 1921, ...., . 97 97 H
Dom.. 5s April 1931 87 .....
Dom. 6s April 1 926 ........ 88 . .....
Dom. Can. 5s 1937 ...... ... f 83 87
V. K. 1937...... 844 - 85 ;
"'i'Waeeo Wheat Ontlook 1
i The DaBea. Or. Wasco county farm this
year win prodne 1.080.821 bushel of wheat
aa against 1.041.662 bushels in 1919. Acreage
planted in 1920 about 100 acre lees than that
ox iJ., 7.Ba acre.
1920 yield, from rjreeut forecast, win beat
1919'g record of avsrag 18 bush bis to acre
by busn.es clear through. Best farm fat 1919
produd 40 bwshels to acr. ooorer ' awes IB
bushels, f Increased prodaetkm this year du to
recant rain. ; While fall weather .jn) stands.
ram- n aeo up waet pertecuy. i
Liberty Bend Sales " '
(PurnWMd by Ovrbck A Cook Co.) ,
Onen. Hish. fne
Liberty, SH ... 8226 9230 9216. 9218
Liberty, 1st 4... 8540 8540 8530 f 8530
Liberty, 2d 4s... 8550 8550 8520 8530
Liberty. 1st 4 Ha. 8574 880O 8574 " 8600
Liberty, 2d 4H. 8500 8590 8540 f 8540
Liberty. 3d 4 H. 8930 . 8934 8906 8918
Liberty. 4th 4 He 860 .860 857S; 8578
Victory, 44 ,..-9570 9570 9560 9660
Tactory, ... VOa 56 9560- 9560
Forelsra Exehaage Market ;
New York. Jun 22. (U. P.) Foreia-a ex
Chang opened firm her today with demand
i riint at $3.99 H. up X frane cheeks 12.27.
up 27 centimes: Ura checks ; 16.27. np 27;
marks demand .0275.
Demand sterling closed at $3.98 H. up He
net. Franc checks, 12.23; lire, demand 16.23;
cables, 12.21; marks, dem -. ? 7 7 : eablee
.0279: f -Kin dnl)sr .
GETS A BACKSET
New York. June 22. U. P. Prices
were Irregular '. at - the r, opening of the
New. York, stock exchange today. Trad
ing wa in small volume.
Opening prices Central Leather 66 off H 1
U. a Rubber 95 H. off ; Mexican Petroleast
177 H, ap H 5 Studebaker 70 H, oft H : Sin
clair 31 . unchanged; Baldwin Locomotive 118,
apt H;; Retail : Storm 78. off Hi Industrial
Alcohol aiH.'np.H; Reading 88 9. off Hf
Bethlehem - Steal B 90 , of f H ; Crucible
143 H. up H: Vanadium 86. up 4 : Pan-
American 102, off 4. -
Alter early selling, which carried Pan-American
down to- 101 H, large buying , orders appeared
and th whole list stiffened up. Tbe main
buying was in low-priced oil. Barrett sold up
84 to 1504.
General Motor sold at 22 H. a new low on
the present decline :
Kl Tnrtr Tnna n i Tf T 1 a .1
eline in prices, affecting the entire list, oc-
.uxcu uie ciose ox toaay trading on tne
New Tnfb trw.k a. K. i . .
quoted at 11 per -cent Just before the decline
started. . - - . . . -- . .
: Steel common waa forced below -92 - oa th
decline and Vanadium to . 83 H . off 4 pointa
from. Monday's high. ' ASracibl sold at 141 H
Gneral Motor sold at 22 H, a new low. and
Studebaker ot under 69.
riMOMtj. ' 111. - ..Knw kuu.,.
" " " l i.kwwu. V. .... . nCI. IB1WWU
aa not particularly large
ti at morning and early afternoon trad
ing the market was so narrow that recessions
of 2 or more points were common. When
stocks, were brought back the narrowness of th
market still was apparent and th stock recov
ered the loss .easily. :
' Traders were unable to advance any. definite
reason for the slump. Some thought The fact
that wool growers were seeking to raise 850.
000,000 through banks and the situation caused
by th drop in th pnea of wool waa respon
sible -J . .. . ...
The 'outlaw" railroad strik in New Jersey
and . Pennsylvania was mentioned as th cause
by others.- . , .
.-' Clo-ing prices were:
8Ute" 8te!, off f: Cruclbl
143 H, unchanged ; Vanadium 83. off 2H:
Baldwin 116 H . off 1 H ; Mexican Petroleum
175, off 2: Pan-American 101 H. off 1H:
G."?i M".torV a off Studebaker 69.
Kfldln 83 H off 4. and Barrett
-4"np 74. ...
Furnished by Overbeck
of Trade building:
. DESCRIPTION :
A Cook Co., Board
Alaska Gold .
Allis Chalmera ...
Alloy 8teel
Am. Agr. Cbem...
Am. Beet Sugar...
Am. Can., e., , fc, ,
Am. Car Fdy.
Am. Cotton Oil ...
Am. Hide A L.. c.
Am. Intl. Corp. . . .
Am. Linseed, e.
Am. Loco.. . ,
Am. Smelter, e. .
Am. Steel Fdy....
Am. Sugar, e . , . . '.
Ant Sum. Tob. .
Am. TeL A Tel.,..
Am. Tobacco . .i. .
Am. Woolen, e. . .
Am. Zinc .......
Anaconda Min. Co.
Atchison, c . . . . .
Baldwin Loco., e...
Balto. A nhi
Bethlehem 8teel, tl
noscn Magneto. , . .
Brook. Rapid T....
Butte A Superior.
Canadian Pacific...
Cent. Leather, e. .
Chee A Ohio
Chicago Gt. W., e.
C. M. A St. P...
Chics go AN. W. .
Chile Copper. . . . .
Chino Copper. . ...
Columbia G. A E . .
Colo. F. A I.
Con. Gaa ...4.,.,
Corn - Product, e...
Crucible Steel, e...
D. A K G.,
", c
ieneral Motor . .'.
Goodrich Rubber. .
Gt Nor.. Or. .....
Gt Nor. By......
Greene-Canane . , .
Gulf 8tates SteeL..
Illinoia Central....
Industrial Alcohol. .
Inspiration Copper. .
Int'I Paper
Int'I Harvester . . , .
Int. Mer. Marina, c
Int Nickel ......
Kan. C. South., o. .
Kennecott Copper. .
Lackawanna Steel . .
Lehigh Valley.
Middle States Oil ..
Mex. Petroleum , . :.
Miami Copper . . . .
Mid vale Steel . ... . .
Mc-. Padfie. c. . , ..
National Enamel . .
National Lead ....
Nevada Con......
New Haven ......
N. Y. Air Brake ,.
N. Y Central ....
Norfolk A Western.
Northern Pacifio -. .
Pan Am. Pet, e...
Pt-nn. Railway . . .
Peoples Gao .....
Pittsburg Coal, e. .
v. a. C, e
Ray C na. Copper:
R;. Steel Springs. .
Reading, c ...... .
It' yal Dntch
Rep. Iron A Steel, cj
kock taiana, e . . . .
Shattuck Copper . ,
Sinclair Cone , . ..
Sloe Sheffield . . ..
Southern Pacifio . .
Southern Ry . , e . . .
Stromberg Motor...
Studebaker, c . ...
Shell . . , . . . . . . . ,
St L. A S. F. . . . .
Swift A Co.. .....
Tenn., Copper .. ..
Texas Oil .......
Texas Pacific
Tobacco Product. .
Transcontinental Oil
I nion Pacific, c
U. S. Rubber, e.
TJ. S. Smelt A Ref.
u. a. steel, e , . . .
Utah Copper . . . .
Vanadium Steel
Virginia Chem., e. .
Waash ....... .
Western Union
Westingbons Klec .
Willys Overland ,.
t Open
87 H
. . . .
"46
137H
44
16H
87 ;
'six
88
93
225
ft
66 H
79H
118 .
SI
90 H
114
,'114
iik"
66
814
68 H
54
95
143
"li' '
22
62
91 H
52
75
181 H
32 HJ
17
26
ib'
29
177H
ii"
24
12
28
68"
87
71
102
88
60
83
114
91
85
si'
70
92
22
71
70
75
28
107
10
46
67
16
113
95
67
92
67
86
74
T
48
18
High
$7
40
137
44
16
87
97
88
93
223
96
14
06
79
118
31
90
114
11
. v
113
68
82
68
64
95
144
'ii"
23 '
62
'9
92
62
75
131
82
17
26
ii"
80
177
. . . .
41
25
12
28
68"
87
71
102
38
ei
84
114
93
35
si"
70 ,
92
22
71
70
75
28
107
IO
48
67
17-
113
90
57
92
67
86
75
7
49
18
Low
2T
39
136
44
16
86
. -
93
86
98
225
95
i 14
65
78
116
30
88
111
10
112
65
81
68
50
94
141
ii"
22
62
'ii"
90
52
74
131
32
17
'26
"io
29
174
40
24
12
28
'67
86
70
101
38
59'
93
113
91
85
'81
68
91
22
71
68
74
28
107
10
45
"7
16 H
US
94
67
91
66
74
7
49
18
Clone
1
86
42
85
89
89
136
44
16
86
80
95
59
88
123
86
93
210
95
18
65
78
116
30
88
111
10
21
112
65
61
7
81
68
15
80
52
83
79
94
143
4
11
22
61
85
69
28
61
81
90
53
75
130
82 H
17
1
26
69
40
29
175
20
40
24
69.
75
12
28
96
7
86
70
101
88
86
69
97
76
95
93
113 H
91
85
8
81
68
91
22 H
71
68
74
23
107
45
88
67
16
113
93
67
91
6
88
76
7
81
49
18
Total sales stocka. 457.0OOahara; w.i,,i;
bond. $11,831,000.
Moaey and Exehasge .
Kew York. June 22. (L N. 8.) 4VJ1
money on the floor of the New York Stock
Exchang today ruled at 8 per cent ; high 11
per cents low 88 per cent Time money waa
firm. Hate were 8 99 per cent Th mar
ket: lor prime mercantile paper wa steady;
call money hi London today wa 4 per cent
Sterling exchange was steady with buamea in
bankers' bill at S.98 for demand. .
Tfew Tnrk.Iiasaa an...
; Nww York- June tou w a v j
dl bar silver was tiuietv Domestic unchanged
, loreigsi- cent nigner at 93.
Iwidon Bar silver wa Id higher at 52 d.
Early Day Resident .
Of OaMand, Or., Dies
Roseburg. June t2. E. O. Tonne of
wauarai, aseu oiea u.1 nl home
Monday. Mr. Youtir am tv a-krnn t
the early days and waa one of the most
ntmnnnArit Vst o4 stat- . .at . ava- .
ss Vaaa..vs uwauwS-M-r UICU UJ. U1S OOUIHy
for many years. He was president of
the firm of K G. Young- A Co. and head
of the firm of EL G. Young & Sons; both
Miss Wilson Will
Attend Convention
San Francisco, June 11. (I. N. S.V
The woman' bureau of the Dsmncratie
national committee today made a reser
vation at tne JTairmont hotel for Miss
Margaret Wilson, dfUKhter of the rrrosl
denz. - -
LIVESTOCK PRICES
ARE HELD STEADY
PORTLAND LIVESTOCK RUN "
Tuesdsy-.,....; 1 69 . L0 641
Week sgo ....... 56 36 :
Two weeks ago. . 267 28..... '415
Four week -ago... 252 135 , 22 1183
Tear afo . 214 235 . J 1 ?S
Two year ago.. ..151 . 99 ' . . . . 14
Ttira year age . . 1Z9 10S 12 - 231
28 5 . . .
216
Four year ago.
Chly four carload of livestock ar
rived here for r the Tuesday morning
trade at North Portland. General trade
conditions were steady. .
la th hog alley top continue to move oat
as high a th $16 mark. There waa -only one
head reported in th new arrival for Tueaday,
but some ' holdover stuff wss sold within the pr
vious ran. '
' General bog market range: 1
Prhue mixed $13.25 9 16.00
Medium mixed 14.75 915.25
Rough heevie . , . . 10.00 9 11.25
Pig .T. .................. 11.75 9 18.75
Smooth : heavies,. ... ....... . . 11.25 9 13.75
-' ; ' "0tU SitusSJoe) Steady i- i,;:j
In the cattle alley a steady tone was sfaown
for th day at North Portland. Tuesday ar
rivals were limited and stock moved oat around
th previous range T..O.
-General cattle range: . V
Beat beef steers. . . . . . . . . , . , . $1 1.50 9 1 2.00
Cr-oic beef steer. . .
Good . to choice steers
Medium to good ateer. . ,
Fair to good steers. . .
Common to fair steer
Choice cows and heifers.......
Good to choice cow and heifers
Medium to good cows and heifers
Fair to medium cows and baiters
Canners , . . .
Bulls .....
Beat light calve
Medium calve .
Heavy calves . .
Stockers and feeders. ... .......
Shew Trad Holds -
With a fatr run for the Tuesday trade, the
market for sheep - and , lamb wa considered
steady , at North . Portland. Prices showed no
changes. - ' - - 1 .a" - r- . ; . .- 'i
General sheep and lamb rang: V:
Soring lambs ............ ; . .811.00 9 11.50
Cull limbt . 8.00 9 10.00
xearlings 7.009 8.00
Ewe ..................... 8.009 7.00
Mordsy Afternoon Sal
cows
11.059 11.50
10.60 911.00
9.50 910.50
8.50 9 9.50
; T.50 9 8 50
9.50 9 10.00
8.50 9 9.50
7.50 9
6.509
4.00 9
6.00
14.00915.00
10.50 913.00
8.00910.00
8.00 9 8.50
8.50
7.50
5.50
8.50
Mo. At. The Price.. No. ' Ar. Tbe Price.
10.... 900 $ 7.00 - 8....1O30 9.00
' 1. 950 7.50 1....U00 6.50
2 1115 - 900 2.... 745 7.00
4.... 827' : 7.30 1....1030 6.00
2.... 785 7.50 1 . .-. 780 7.50
1 . . . . 790 7.75 1. . . .1020 7.75
2. . i . 780 7.76 2.4. 840 7.75
8..,. 1003 9.87 1 600 6.00
5.... 986 9.00 12.... 1060 8.50
3.... 895 7.00 8. ...1110 6.50
18.... 910 8.60 .'... 901 8.60
2.... 890 . 7.00 28.... 985 ' 8.60
17.... 1030 8.75 9.i. 902 8.75
1... .1000 9.00 10.... . 041 7.00
. ..... 79T , 4.00 - . .
25. ...1101 $11.00 ' 2."H..11S5,$10.85
19. ...1140 10.33 12.... 938 8.00
6.... 845 8.00 8.... 924 8 00
18....' 600 7.00 1. . . . 670 8.00-
' 1.... 740 8.00 1.... 750 8.00
1.... 660 8.00 - 1.... 770 8.0
780 7.00 2.,.. 775 8.00
4.... 1148 10.5O K....109O 10.50
: S..., 930 10.00 1..,. 900 9.00
8.... 694 . 7.0O 11. .. .1050 - 10.50
...t 880 9.00 ' 8 876 10.00
14.... 921 10.00 18 1080 10.00
26..., 1040 12.00 20. ...1038 12 00
18.... 980 8.60 2.... 855 9.00
4... 840 9.00 .... 998 9.00
9.... 855 9.00
CALt ES '"'''
4.... 250 $11.00 14.... 185 $15.00
1...-. 880 9.00 13.... 420 8.50
14. . . . 810 0.00 68.... 195 18.50
4. . . . 270 10.00 15.,.. 173 14.00
2.... 145 15.00 2.... 240 13.09
BULLS
1....1390 $ T.00I -
; MIXED : r-i
8.... 600 $ 7.00 5.... 515 $ T.50
20..., 880 9.00 .... 745 7.00
5.,.. 408 9.00 6.... 864 7.56
16... j 940 : 7.00
; HOGS '
82..., 815 $18.25 86.... 188 $15.75
73.... 196 16.00 7.... 40S 14.00
9..., 275 10.00 5.... 240 18.90
85.... 135 13.90 87.... 200 15.00
5.... 210 18.90 12.... 186 15.85
17..,. 145 14.75 10.... 194 15.83
22. ... 180 15.50 8.... 216 14.50
45.... 180 15.85 8.... 820 -18.83
25.... 101 18.75 2.... 165 13.75
31.,.. 120 13.75 16.... 185 15.50
18.... 195 15.75
LAMBS
152... 72 $11.50 19....- 65 8 9.00
87.... 78 11.60 61.... 79 11.60
25..., 65 8.50 27.... 75 11.50
IT..,. 14 11.51 16.... 66 9.00
42.... ' 71 8.75 93.... 78 11.50
72.... 69 8.75 72.... 78 11.60
EWES
.... 182 $ 6.00 I 27.... 151 $ 5.00
47...; 180 6.00 33.... 134 6.00
YEARLINGS .
.... 98 $ 7.00 I 22.... 100 $ 8.00
; BUCKS "
2.... 125 $ 4.50 I 28.,.. 170 $ 4.50
1.... 130 4. 50 I 9.... 148 8.00
X.... 120 8.00 2.... 175 4.50
No. Ave Tbe Price
21.... 172 $16.00
1... 800
S.... 203
2.... 205
.... 222
1.... 280
Tuesday Mornln Sssss ,
HOGS
No. Ave The : Price
1..,.. 420 $14.'00
i 1 260 16.75
2..... 160 16.75
8 188 15.75
204 16.76
1S.75
16.75
15.75
15.75
13.00
Grain Bags Weaker,,
With Banks Calling .
Speculators' Loans
Generally quiet ton Is shown in the
grain trade here at the moment, although
some small contracting of new crop wheat
continue at Columbia river point where
early deliveries will be made. j
Grain - bags continue to wsaxeu sana an ;
through th Padfie Northwest a further las of
e was ahowa for th day. Bankers have been
th chief aid la allowing speculators to boost
th price of bags, but it is understood that they
hev become frightened at th Ion delay in
making aalea and are beginning to call loans.
Speculators are in a panic on thi account and
the early death of the Japaneae-Britiah bag
combine is generally forecast in the trade
The Journal is the only paper that has ex
posed th work of the foreign combine which
has been trying to goug th Pacifio Northwest
grain grower. -v; f
FLOUR SelJfn prte, mffl door: Patent.
$13.75;; Montana spring wheat, $14. $5: Wil
lamette valley brands, $11.20; local straight,
$11.20: bakers' local, $18.50; graham, $11.60.
Prices for city deliveries tor fiv barrel lota
HAT Buying prices: Willamette timothy,
fancy, $34986 per ton; retch, $$2; cheat,
$2592: straw, : $10; clover, ) - grain.
( ) ; alfalfa, 881 a ton.
GRAIN SACKS NoroineL New crop deliv
ery: No. 1 Calcutta. 19 919c in car lot:
leas amounts higher.
MIIXSTUFF 8 Mill ma at mffla. sackad,
$5596.
OATS Per tea. lruying price: Feed, $709
T0.50.
BAIUJW Buytng ! price: Feed, $66 9
66.50; mining, $67 9 67.50; rolled barley, sail
ing pric. $72 ton.
9v School Trustees
- Sent to Prison for
Contempt of Court
Chicago, Juno 23. (t, ' N. &VNln
member of the Mayor Thompson fac
tion of Chicago board of education and
the attorney for the board, all of them
ousted by court order and reelected by
the city aldermanic council, were found
guilty of conspiracy and contempt .of
court today by -Judge Kickham Scan lan
In the criminal court and were aen
tenced to term in jail and to pay fines
ranging from $300 to $750.
Mayor Thompson, - State's Attorney
Horn and other city and county offi
cial were In court, when th decision
- rendi
Extravagance Cause
of Metal Shortage
Says Statistician
5:-V: - - ; :s --r-j'
'"The problem . of transportation Is
largely s problem of quick delivery. If
it take three month instead of one
month to get freight across the conti
nent. It means that 30 day - loans made
by Pacific coast bank will be forcibly
converted into 90 day ' loans,' states a
prominent Pacific coast banker. "Just
this has been done in hundred of
cases, and Illustrate', the economic waste
of a crippled delivery service at a time
when the contents of the average frelgiyt
car represents high - record borrowing
power. : Thla congestion Is being re
lieved to some extent, but sthe freight
service must be cleared up, before the
credit situation can be straighten d
out. The Middle West has suffered tre
mendously - from traffic delays, but the
situation in I New England And other
sections IS little better for . the "frozen
credit" cost of present day banking is
beyond calculation. It has -made high
discount rate Inevitable, adding ma
terially to the cost of living and doing
business, and increasing the financial
blood pressure of the nation. The credit
mechanism . cannot; function properly
When commerce la moving at a snail's
pace, or not, moving at all. Dead freight
always means dead credit. That leads
to business stagnation.
DEGREES AWARDED
TO 174 AT U. OF 0.
University of . Oregon, Eugene,
June 22. An appeal to the gradu
ates to see the social significance of
their work, whatever it may be, and
to help others to see the social sig
nificance of theirs, was made by Dr.
Ernest Hiram Lindley, president of
the University of Idaho and fchance'-
Ior-elect of, the ; University of Kan
sas, in his address at the forty
fourth an ual commencement of the
University - of Oregon Monday. .
One' task, the speaker, said, should be
self chosen ; it should be health, giving.
and it should be educative.
Degrees were conferred. on 174 gradu
ates In the various schools and depart
ments of the university. The graduate
degree of doctor of Jurisprudence was
conferred on two and the degree of mas
ter of arts on five. In addition to these
President Campbell, on the authority of
the regent, conferred the degree of
master of arts in public service on three
men and one woman, distinguished in
the service or the state, J. A. Church
ill, state superintendent of public inetruc-
tion ; Harold N. Lawrie, former head of
the bureau of mines and geology in Ore
gon ; J. N. Teal of Portland, noted au
thority on railroad rates, and Mrs. El
len Condon McCornack, productive sci
entist.' . : ? -
The president announced the total sum
raised 'by popular subscription for the
women's building is approximately $95,
000, at the same time giving credit to
Mr. George T. Gerlinger. member of
the board of regents, for her work In
bringing the subsciptlon to a successful
conclusion ? and i announcing - that the
building will be open for use in October.
Kills Assassin of
.Wife During Pistol
Duel Fought in Dark
Chicago. v June 22. (L N. S.) Mrs.
Ruth Wanderer, 21 years old, a bride
of ten months, was shot down and
killed by her husband's side late Mon
day night by a man , believed to have
been a robber, a she was about to en
ter her mother's apartment, where she
and her husband had been living sine
their marriage.
- An instant later Carl Wanderer, ' th
husband, a former lieutenant in a ma
chine gun battalion, was fighting a pis
tol duel In the dark with his wife's
slayer. After a fwsillade of shots had
been exchanged the latter dropped dead
with four bullets in him. .-r:
The body of Mrs. Wanderer was car
ried into her mother's apartment and
laid beside a tiny, - beribboned - crib.
which she had spent many hours In pre-,
paring in anticipation of the baby which
waa to have arrived in August.
Th body of th slayer was taken to
a morgue. ,
Hurled Through Car
Windshield; Injured
New berg, June' 22. Four large ar
teries in the neck of IV Oldenberg were
severed, when he wa. thrown through
th windshield of a car driven by his
son, George, -near the city limits, Sun
day evening. The accident occurred in
an attempt to pas another car. -
CALL MONEY GOES
T0 11
By Broaaan; Wall .
Xew Tork, June j 22.- With the
public demand for coal beyond prec
edent, coal miners in. Ohio are Idle
and their, families are. suffering be
cause there are no railroad cars
available to transport the coal from
the mines .to -the consumers. " With
business at a' minirpum volume in
Wall street, call money , loaned as
high as 11 per, centj ;'
In the face of these two facts', each
of .which is the result of gross mis
management on the --part of public
authorities, the stock irnarket hesitates.
It c'osed at the low. prWes after a reac
tion averaging two pclnts which fal
lowed a rally. The reaction began when
money- ran up. There !waa talk of more
labor trouble with the railroads , and
bankers admltttjd that:! they had ; per
mitted the mone- market to -get beyond
their control to such ah jextent that the
11 per cent may be aye ided.
Cotton also broke bad ::y some options
going down as much a $5 a bale. That,
howej'er, was a favorable development
for it means that the crop is progressing
welL - . .
Marine shares ; of j, all : kinds were
strong today. Among those stocks that
advanced. : American MertantUe was up
two points as was also- Atlantic Gulf.
They lost the advance when the general
list reacted.' There seems to be; a dif
ference of opinion over' the outlook for
American Merchant marine, under the
new shipping law. ' :
Stoge
IbPICS
MARKET
European Market
Likely to Pick Up
. Soon, Is the Belief
Further' asnurance that foreign mar
ket conditions are growing more encour
aging daily with the increased Euro
pean effort to stabilise exchange, is
derived from latest trade reports by thJ
'Guaranty Trust company of New Tor's
in the current issue of its fortnightly
trade review. The bulletin says: '0
Notwithstanding trie ceprensitijf ef-.
feet of unsettled conditions , In some
markets, foreign trade developments of
the last fortnight have-brought . forth
tendencies decidedly encourafting to nir
chsnt anxiously watchlnt for luriht-r
lim. rtf a Mlu,n t ,x nnmnnl truiiA u -
ditlons. Reef nt reports of Induntrliil
and commercial conditions sliow th
beneficial results of the supreme ef
fort that European countries are mak
ing to bring their exchange ratt-s lo
stronger levels.
"Continued Improvement m roOuc
tlon, both for: home consumption ami
fective remedies for a weak ex'-harisr,
can be seen in most Kuropean countries,
particularly Great .Britain, Belgium.
France and Italy." -
Farm Loan Bonds Purcliasctl
After a lapse of nearly a year the
treasury Is again purchasing federal
farm loan bonds. To June 5, it pur
chased $20,000,000, principal amount of
bonds. and In well Informed circles it
Is understood that total purchase to be
made this month, which v ill also be a
total for this fiscal year, may approxi
mate $35,000,000.
Portland Oouplc Ut-encXHl
Chehajis. Wash., June 22. A mania;-
Hcente was issued here to. Arthur
roughburn and Haasei M. Wright, both
of Portland, Or.
Furnished by Overbeck A Cook Co.. Board
of Trad building: " .. ,
New York-Call money rates are more
than likely, to be rather high for a while
and this-.coupled with the fresh jlanor
difficulties on some of the railroads may
deter the demand for stocks in a broad
way temporarily; -
New-Tork Neva Opinions of market
future showed marked division at- close
yesterday. Approaching dividend 4neet
ings regarded as bullish factors favor
ing D. L. Recent' selling of Mid vale
Steel taken-as bearish argument In re
lation of that stock, i:
Action of money market yesterday was
disturbing factor to those committed to
long side.-1
Liberty loan Improvement and report
ed accumulations in various stocks are
regarded a favorable; element for ris
ing market. . ; -
Washington -Director 'of ml fit today
announced purchase of 1,700,000 ounce
of silver at $1 per ounce for delivery at
San Francisco.
Lumber Products .
Company Formed;
Articles Are Fined
An lam Or. -Tun 2 Art idea of lnoor.
f oration were filed. vrth the state cor
poration department ter today by the
Oregon Lumber Product company of
Portland, capitalized ' at $36,00a The
incorporators are W.'jA. Schmidt, H. C
Knowles and G. E. Aidon. Other arti
cles filed today wer::. " vr
Kappa Kappa Gamma Hons corpor
atlon, Eugene, $2000 ; Margaret Htm-
bUn. McMinnvtll ; Phoebe Uage, port,
land, and Mary Evans, Portland.
W. F, Hartrampf. Inc., Forest Grove ;
$25,000 ; E. M. Berger, Joseph F. Weiss
and R. G. Assman. ' .
Resolutions of dissolution were filed
by the Eagle Drug company and the Es
paranca MotorehJp- company, both of
Portland. . -
Connection Between
Transportation and
Banking Illustrated
Extravarfance in the purchase of oma
ment 1 contributing; materially to the
shortage of gold and sliver, oeciarea
Charles W. Henderson, statistician for
the United States geological survey. In
a recent addres in Denver.
"Residents of this country expended
$80,000,000 ff.r gold ornaments last year,
$51,000,000 in 191$, and $3.000,000 in
1915." said Henderson, '-which amount
to : $21,009,000- mor than the total pro
duction 1st the country, in. 191$, : France
I spending even more than the United
States, and the price or goia in me
French republic ha Increased from $400
francs per kilogram to 6800 franc, and
plaUnum from 6000 to 0,000 franc.
WELCOME"
Nobles A Word to You
MAKE this an oasis within an oasis
for yourself and friends during the
festivities. - . ,
Want to write a letter ? Drop .-, in.
here and use our facilities.
How about a phone? Step in and
talk over our lines.
If you want information we will
give it to you.
In short, call upon us for any assist
ance necessary to your convenience and
pleasure during these nappy aays.
i
MORRIS BROTHERS, Inc.
309-11 Stark SU. Bet, Fifth and Sixth . -
7
NET
and
INCOME TAX
EXEMPT
One of the highest yielding
municipal bonds offered,
and an issue combining ele
' ments that make for such
generaf excellence that we
recommend purchase with
out reservation.
City of
Twin Falls, Idaho
7 Imp. Bond
Price 100
Yield 7
Order by phone,
wire or letter accepted.
hgBaf taysa ill) 11 1 1 ftSy -
LAimberrnens .Bldg.
Profitable
Investments
TH E reason why
some property in
vestments ire not
profitable ; Js because
of potr or Incompe
tent manazetnent.
Our system increase
th probability of
profit by eliminating
th possibility of loss.
rvaMO-aftoaatTT BUIUXXC lJOl&J
II.
I.
Is book that 1 tmlcro la th
Investment field. -Noihinz like
It has ever been ptiblUhed be
fore. With the opfniofo of th
leavdin firiaxcial eaditora, It
bfaae the practical svcperU&ce of
180 inTtestor.
Tha book t3 taa roesr ev So a
si azwd betasar plan for inrsilng It
sriB snsk o4 yam a boner aaver. U rfU
stsow ytm now to sot ahestd by rvstrvnav
fisiag veasr aaviag ajsd soar Investing.
W ensot sst too match cr St. It I (be
wOTstisr book of ainanacst. If ym are or
faattollirneiaa innaier, w wfil enl
"The Theory aavd Fracrio of bwrcoasrul
LavsaaiDar'' to yam tm. Addres Pcpc 1.
I Hi
Stocks, Bosds, Cottoa, Oral. Ete.
$16-117 Board f Trad Baildlag
OverbocIi&CooIieCo.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
ember Chieago Hoard of Trad
CrrBo4est f Losraa Bryaa
Cbieag . "rtc