The Oregon daily journal. (Portland, Or.) 1902-1972, July 12, 1920, Image 9

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The Oregon daily journal., July 12, 1920, Page 9, Image 9

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Newspaper Page TextTHE OREGON DAILY . JOURNAL, PORTLAND, OREGON MONDAY, JULY 12, 1920. Freight congestion is feared KuiUd by HOG AND STEER MARKETS SHOW ADVANCE OF 50 CENTS EACH r'Hl F. Uesalas FOODSTUFF STILL GOING TO WASTE Retailers continue to aik high price for lettuce, beans and dry onions, while more etock goes to waste in the whole sale markets. Lettuce was again offered to wholesalers Monday in liberal lots at 31.05 per crate of 36 heads. The lettuce was brourht straight from the gardens toy the farmers arid was top quality Block. The farmers', market was overs-applied. Growers who could not dis pone of their supply on the farmers' mar ket found that Front street merchants were already oversuopiied. They were forced to start peddling In order to clean up. : i Cnform dry on ions are till a ebeap aa rer In the wholesale market, about 81.30(9 1.78 per uck, but the retil price, remain about 1.10 sper cent higher, or Be per pound. More i.nions. "which a few dan ago were marketable, were carted, away Monday by the garbage eol leetom. -. Ream (hipped to Portland by farmer around The bailies' are going to ' waate inl wholesale house. .Jobber are trying to more 'thetr sup ple at 8j0o per pound, but there ia no de mand. - The retail price remain at l&e per pound, or 2 pound fur 25c - j . , Those desiring' special Information regarding mnr j market hould write the Market Kditor. C'regnn journals cncloaing 3 cent stamp for reply. ;- rniCE OF KGliS IS ADTASCED Srareitv of eggs and poor -quahty-of receipt ha occasioned another advance tn the baying price'; Jobber were offering 3940c per dozen Monday. The selling price remain un changed at 45 40c -per dozen. MAR.K.ET BASKET D K. W. 1II.I.Rr i OPENS -STORE E.' W. Dllley, fruit "and rrtxiure. merchant, changed hi location to 215 Washington tret, Monday morning. At the new und he ha five time the floor pae be formerly . occupied. DRESSED MEATS MARKET FIRtt A firmer tone ruled in the dressed meat market. ,. Receipt were light and demand howed n. increane. . Hog are tedy, at 21 He kand real at 21 2"-,e per lb. Call wa also good for heavy hens and beary springs. Frices seme. . - JIEW POTATOES DOW5 Ilf PRICE Pria of new potatoes dropped again Monday en the farmer' market, top quality stock being old for Oe per lb. Small new potato, com monly called cull, sold a low a 2 He per lb. 3BRIEF WOTES OF PBODtCE TRADE ( Two car (of California potatoes, one ear of banana, one oar of watermelons, one ear of ttrangm and several car of cantaloupes arrived Monday. t. Ixwanberry market low. local celery in good supply. . IS mall lot Oregon tomatoes on market. Bold tor $3.00 in peach boxes. DECLINE If COOKING FATS k Wesson oil dropped 25 Trie per case Monday. Snowdrift cooking fats declined $1.20 per case or about 2 He per lb. " . ' ORASGE8 A5D 1EMOX8 HIGHER An advanre In; lemon and orange price waa announced Monday by wholesaler. Oranges r hard to obtain. -. . . "WEATHER -NOTICE. FOR SHIPPERS Weather ho res n advises: ' Protect shipments during the next 36 hours against the following maximum temperatures: Going -north, I8 de grees; northeast over . P. S.'-R R.- 85 de grees; east to Baker, 85 degree: and south to Ashland, 00 - degree.- Maximum temperature at Portland tomorrow about 72 degree. ; WHOLESALE PRICES IV POHTLAWD ' Warm weather during: the last few days has done wonders' toward bringing local fruits and vegetables on the mar ket. , Cherries are i coming in fast, but remain high, : Bings are scarce and' are practically over for this season. Local tomatoes have made their ap pearance on the market,' but it will be some -time before there will be enough to take care of the requirements of the trade. The price will probably ' remain high for some time. - - The market is wetl supplied with green and wax beans at declined prices. Local cabbage is obtainable at good prices In medium sired solid, heads. Local celery is arriving on the market, but the stock will be small, for some time. Local field cucumbers are also arriving. Strawberries were almost a missing quantity on the market-Monday.- Rasp berries were very scarce and went freely at - rrtces asked. Most of the logan berries are going : straight to the can neries . and fruit juice factories, as the fruit moves slowly on the wholesale mar ket. Loganberries will probably not be very- 'popular with the consumers this season on account of the high price of sugar. f! The following prices are average one the con sumers are expected to pay retail store. Quality quoted is average, fancy staff being slightly higher and inferior stuff fractionally lower. Butter Best ereamery prints. 02 (14c. Kggs-r-Fresh bid. 50c per dosen; fancy fresh, 43447e per dozen. 1'onltr Chickens,- dressed. - 88 040c per lb. Kisb Salaaoa, SO 0 85c per lb.; halibut. 30c per lb. - - ,- j j . Flour Best local ptent, $3.80 4.50 per sack, 41 lbs. k , . Potatoes Burbanks, 9 1B lb. Onion I Tied. 4c per lb. - , Strawberries Oregon, 20c per box. liaspbernes Local,- 20j2sc per bo r a" Fl CARE OF CREAM AFFECTS BUTTER M TO N ALL LIVESTOCK PORTLAND LIVESTOCK RCN Hog. Cattle. Calves. Sheep. Monday ........ 6Q3 1732 73 2416 Week ago ...... Holiday 2 week ago 0 21ft 804 2376 4 weeks ago ..... 1939 204 200 1587 Tear ago 1533 1579 240 2781 2 year ago...... 780 ' 2272 00 700 3 years ago...... 1722 1011 2 year mo...... 2749 2883 23 1480 Grain Offerings . Light j Prices Up Chicago. ' July 12. I. X 8.)--GrJn fo ture areraced sliartly higher ' Until ' tha final half - hour on the ' board of trade today, then broke as much as 0 eenta foe com and 3 oents for oats and etoeed well below Saturday's finish. Rarty advances were made mn apprehension of damage to wbeat in the northwest by black rust, but fluctuation were riolent and eery erratic a a flood of conflicting reports rried. - Th whole li?t broke abruptly , when the visible ap ply statement was ported showing- an Increase ot J.185.0OO-bushelj-in the oorn. At the close July corn waa 1 Me to 1 4 e under Saturday's last price, "tteptcmber was off lite and rwcembvr lliets 2c Oats lost 44 e to He lor July. He to Tee tor September and -He to 14tc for Iecember. I ?. Pork closed 2c lower to. 20c higher, lard 15c lower and nba 7 Vic to 10c off.;; rm Drieae retailers Day wholesalers ex cept a otherwise nned: . Dairy Product BCTTER Selling price." box lota: Creamery. prime, parchment wrapped. BTe lb.; prim firsts, n3o lb.: firsts, 84o It. j smaller lots at an ad- snc. Jobbinc prices: tjno extraa, oe; prune firet, 52B3e. BUTTEurar roruam oeuewry pasm, 88c; country stations, 84 9B8e. JL-K IMA KUA1U Us- el Drsnnj. s ue: oroj- nary, S3 He; Desers. lie; utntrisna.. i n cartons, a -o per id. CHEESE Sellins prteei ; TilUmook, fresh Oregon, fancy trtpletta, 82 38e per lb. a Touag America, S doc. mm o lonoeia. 1.0,0. Tillimook, tripietst.' 20c; Tonnt America. 80c. Selling; price: Cream trick. 40 4 c Belling price; Block 6wts,- 484Ue; lunburger. 40 42p per lb. ' KGO a Buying prioaf --- Current reeetpt. 30 W 40c: x candled. eUios price. 44048c; select, 45)4c per dosen. I.rVK POULTKT Selling price: Hesey nen. 26c: light hen. 17e: -spring, light. 17 918c; heary, 24 & 26c; old rooster. 10o per lb.; tur key, lire. dressed. 4 5s lb. - resell Vevetaeles end Pratt ' PBESH FRCIT Orange. , 88.00 9 T.60 per box; bananas liaise lb.; lemons. 86.25 0.26 per crate; Florida gTapefnut, 88.00 0 8.60: California. 33-283.78; csntsioupes. 31.3594.60. APPLES Vartou MrieOea. local. 32-00 6.00 per bo , DRIED FHTJPf Dates, Dromedsries. 870; Fanls. 84.00 per box; fig. 82.60 ) 6.00 box. ' ONTONR Selluia price tor retailers: New red. 81.2391. 73; white. 81.75 crate; garlic, S6 lb.; green onion, 25 040c dozen buBcneg; onion set. lT18o lb - POTATOES Selling price: Oregon.' fancy, 88.00 Gem. 38.00 per cwt.: new. Garnet. h8e:-white. 7 e 8c i j BKKR1KS kXrawberriea, 88.75 9 4.00 per , fc-rate; rupberrie. ,33.78; logsDbemes. 32.50 1 iS.00. - ' - - --. t 'i ". 3 I VEGETABLES Turnip. 33.00 -sack; ear. I'trota, 34.00 sack ; r beetat , 60c doeen bunches; : uettuce. 31-00 per crate; cucumbers, 32.00 per osen;. tomatoes, a.uwe.ou;' ecc plant, ouc r-pound;' broccoli, 32.25; bell peppers, 2Be; elery, 32.2592.75 dosen; a.paragus, Oregon. 81.75 per dosen bunches; string beans, 88e r lb. ' , . Wast and freltln COTTNTRT MEATS SeUinc Dries: " Country hogs, 21 hie for top blockers; hesryn 10c; best heal. 21c: heavy real. 14e per. lb. 1 ' I SMOKED MEATS Ham. 419c per lb.; breakfast bacon, 33 9 58c; ficnics. 25e per lb. ; (cottage roll, 88c; per lb. - . I LARD Kettle rendered, 26e lb. ; standard. 3tc; nerce; basis, compound, 21c. ' Fish and Shwllflsh FRESH FlSH Salmon, tresh Chinook. X2e : halibut, .fresh. . 18 9 22e per lb. : stureson. ih 'li iwaca coo, iww no 10. ; aipperea sal- Imon. 32.50 per 10 lb. basket; kippered cod. 2.85; raxor. clams, ( ); crabs, 32.76 9 8.71 iilosen; roe snaa, 10a ib.; dresaed 'thad. 8 9 8c; ijing eod. 98e lb. . . 1 . Araeaplsa ' SCGATl !'sinsl prices., refinery basis: Cube. (324.36; fruit and berry, 323.50; D yellow. :; 22.0; .granulated. 823.80; extra C. 123.10; -f k4 no i HOSEY New, 87.00 9 7.60 ease. " . RICE Japan style. No. 1. 12c; New Orleans I head, t :.Blue Rose. 14le per lb. SALT Course, half ground, 100s, 817.25 finer ton: ous, 110.10; taoi as try, so. S11.20 :ales 33 80 9 4.00; fancy table and .dairy, . 530.50; limp rock, 828.50 per ton. t BEANS Salea by jobbers, .Small - white iflie it lb. : large white. 7 4 lb.; pink, 8 He , in.j umas. if nc; eayou. 11 xe: red, IO H tirfion Bins. ouj ieik prices, nominal, a ss a m. i CASSEB MII-K Carnation. 6.35; Borden, eitXK- a.tr lain- tui. utit. uu. ' - . - y - - -- . , (to.so; aiduni yernun, i9 per ease. C0FFKK Hoastcd, 84 9 460 in tackj i SODA CRACKERS In bulk. 19 He per lb II NUTS Walnuts. 83 9 40c per lb. : alBsonds, , K9e; lyocru, in sacs tots; peanuta. Is 6e; pecans. Sic: Braxita. 80c. . li - Rope. Paint. Oil - II KOPS: Siaal. dark. 1H; white. -20e to.; Ijuntlsrd Manila. 23 tie. i LINSEED OH. Raw. bob.. 31.98 gat-i I fettle builcd. bbK, 32.pok nw. caws, 33.18; soiled, cares, 82.15 gallon. t ,-Ail fill YV . . lMHitm fa. .arreH, 13c gai.'m; eases, 24c per gallon. i) OASOUNB Ires bbla.. 23 4c; case. 88e 'ingme iiiiui. iron oaia. 10c; eases. 82 He. 14 Wtill t uiaif ion too, im: t soo 11 i AS H c per ib. i TrKl'ENTISE Tanks, $2.28; casea. 82.41; Kn c lots, le we, , , t i.V e f?'Y:. i ChicsB-o Prod are Market It Chicago, July 12. (I. N. S.) Butter Re-i-iots ,18.288: creamery extra. 55Ac: stand- Irds, centralixed. 54 He; firsts. 49 9 54 He; aec- flfnd, -44 9 4SC; parking stocks, 34 9 40c. ' I Egg Recefpts J.V0 cates: mincellaneous. : 7 9 4e? orainary iirns, so a re; ttrsta. 419 J2cs storage, 42ai!tc; cnecij, 23932c: jtirties,-a!40e.-' - - I i "heese-t-Twini new, 25 9 23 He; . dairies. !V5 9 25Hct Young Americas. 20H9 27e; long Uorns. 3UHPZtc; ones, 2riu4c. Lire Poultry Turkeys. 35cr chickens. 32e .'broilers, 40 944c; euooaters, 21c; gee. 20 9 ?0c; duck. z3bc. Potatoes 50 cars." Central - Early Ohio. 17.OO 9 7.25; Southern Triumphs, 37.00 9 729 -ii 1 Chicago. July' 12. il. S. g.) A earctty of fferinga kt the opening in corn caused prices to adrance easily on scattered buying, with start ing quotations H to 1 He hither. " Oata opened H io 1 e higher on fairly general commission bouw buying. Trade in provision waa - limited. ' Opening price were (teaay to signer. Range of - Chicago prices' furnished by the vnuea, rres: , , .: CORN. " Opening.' High. Low. Close. , 161 - 165 H 159 H 159 , 164H 163 158H 168H ,. xa - -10 OATS. . ;,- 00 09 4 . 81H 82 H ,19H 80 H PORK. ,, 2830 250 . .3030 3085 . - LARD. , , 1895 1900 .,,1985 2000 RlltS. 1700 1700 .. 1765 1790 July . ; . . ... . i . , September v:; '. . -. . . December - . . . July . . . . September ,r,;, December ...... - . ' ' July September .... July September , , , 142 H 142 H 07 it 80 77 283A S027 1895 1970 97 80 77 2850 S027 1806 1970 July . .. . September 1677. 177 1703 1775 DAIRY. PRODUCE OF THE COAST ' ; Seattle Market 8eattl. July 12. (U. ' P.) ButUf City creamery cube, 56c; bricks, 67c. ga Fresh fancy, 50c; pullets, 44c Hens 18 9 26c. Milk, per cwt.. 82.80. an Franelsco Market ' Ban Francisco. Jnly 12. (U. P.) Butter Extras, 60 He; prime firsts, 68 He E Extra. B5c; firsts, 40He: dirti 62c; extra pullets, 47e; undersixed jsilleU, 35c. Cheese California flats fancy, 83 He; firsts. 2 c ,;S - - .- - Lee Anowlea Market Los Angeles. July 12. (L N. 8.) Butter, 62c Per lb. - Varna Kreah. extra: 51c: -ease count. 4 Sc : pullets, 4e; peewees, sic per a oxen. N o change in poultry prlcea, POTATOES .ALOSG. THE. COA8T ' Seattle Market -Seattle.' July l2;--1C. P.l Old potatoe. East Washington Netted Gems, 8200; new Cal ifornia per, lb.. Sc. t f Lee Anaefe Martlet Loe Angeles. July 12. (L N, S. ) Pota toesOne ear California arrived, one - can on trade. ew stock suppiiea liberal, market steady. Local Early and White Rose No. 1 mostly 82.25 9 2.50; No. 2s. 81-'OO91-50, lug, according to aue; 100 pounds sacked, is o. 1, a.7S 9 6.23. " Hot1 "Wind Dsnue Grsla - Pendleton. July 12 Hot.-winds of the past week hare damaged wbeat in this county,, ac cording to H. W. Collins, grain dealer. He estimates slightly more than 6,000.000 bushel for the county at present Indication, Up to this week no damage from either frost or heat had been experienced. The hot. north winds, bowerer. Struck -at a time when the plants had not - become- sufficiently far .along to withstand the ; heat. It is eery dry ail over the county and grass on the rancea is also drying rapidly. Rain are desired in the south of the countj where cattle and sheep are pastured. TONE IRREGULAR A ateadier tone was displayed In alt line Monday at the North Portland stockyard. Con siderable strength waa shown In the hog mar ket, following a remarkably light week-end re ceipts, which caused pricea to advance 509 75c. Toul run in all three lines was 79 ear. . ' Early morning aalea in tha hog alley were made at the new market too. Total run oeer .he week-end waa but 503 bead. General hog market range: Prime mixed 81625918-78 Medium mixed ............. 15.75 9 16.25 Rough henries ............. 10.0O9I2.0O Pig ...................... 12.w0914.75 Smooth beatica ............. 12.00 9 14-73 CatUe Market firm : Tha entire cattle market showed firm ton Monday, with an adrance in price in the cheaper steer line. - Pricea were from 28 9 75c higher. One load of extra, fancy cows. which will dress almost as good a any fancy steer, shipped in by . A. Wilson of Condon, were sold for 39.65. .f-1 ;; j- ' General cattle ranae: " Choice grass steer ........ Oood to choice steer .... Medifem to good steer ....... Fair to good steers .......... Common to fair ateer Choice cows and heifer (sood to choice cows and heifer Medium to good cow and heif era Fair to medium eowa and hcifera manners ....... Bulla .. . ... ... Best light (-aires Medium calve . n. 1 - Lamb Sell A bora Top r One load of extra fancy lambs, 44 hesd. shipped in from Grass Valley by C. R. Relshe, brought 60c above the ( market top Monday. They sold for. 8X1.50 per hundred pounds. The sheep and lamb markets were steady Monday. Quotations on east of the mountain lambs war resumed Monday. . , General sheep and lamb range: East of mountain lambs. ...... 81. 50 11.00 Valley Iambs 7. SO 8.6 Yearlings 6.60 9 7-.60 Ewea 2.60 9 6.23 Wether 6.00 9 7.0J Monday Morning Sale .810.00 910 60 9.75 9 10.00 8.75 9 9.75 8.00 9 8.73 8.73 9 8 00 7.50 9 8.00 6.50 9 7.60 6.60 9 850 4.50 9 6.50 8.50 9 4.50 6.60 9 6.50 11.00912.00 .00 910 00 7.00 9 8.50 No. 11.. 8. . 1.-. 12. , 10.. 15. . .80.. lea 8.. 7. , 10.. ' 6.. 16., 2. . 15. 24. 1. 1. 1. Ar. lbs. Price. . . 165 816.SO 123 13.50 14 270 358 110 89 i 470 : 312 270 227 301; 225, 1 855 218 . 898 $ 0.50 fl .1080 10.00 2. . 1,. 1... 1050 1160 1000 925 980 14.75 14.75 14.75 14.00 13.00 10.00 123 16.25 16,50 14.75 15.50 16.50 14.25 18.00 STEERS 2-4. 3... 1... Ir: 23. . . No. , 1... 12... - 70. . , . . . SO. , . 8.., 4... 3.., ; . a.... 1 . . . ir 90... . 78... ' 2... t -1... i 4... A. lbs.! Prio. 610 813.50 221 16.80 into .1100 8.60 9.00 7.25 8.50 7. 50 S.0 i 101 105 190 222 107 833 248 460 228 188 212 60O 215 .1070 .1075 i 820 , 980 . 1070 .1012 .1013 . 976 16.75 14.00 16.75 16.75 14.00 12.70 16.25 14.50 16.75 16.75 f 16.76 12.00 16.25 8.0O 8.60 S.OO 9.00 9.25 9. OO O.OO 6.&4I ON N. Y. MARKET New Tork. July 12. L N.S.) The stock, market closed weak today. Large offerings of nearly all the active Issues In the final trading- caused sharp de clines of from - 2 to nearly 8 point. ! Mexican Petroleum was nearly t points net lower at 187 V4, while Pan-American Petroleum dropped 4 points to 102. There was heavy selling- of the. Steel is-, sues. Steel common declining to 92H. Baldwin Locomotive to 119H - nd Re public Steel to 94. Vanadium Steel broke 5 points -to 85. U. S. Rubber fell nerly 3 points to 9814. and United Retail Stores was 4 points lower at 73, Losses of from 2 to 3 points occurred in the Motor shares. The rails reacted at from 1 to 2 points from the high fig ures, but most of them rallied and closed with fractional grains. - Government bonds, unchanejed ; rail way and other bonds, lrreg-ular. Total sales ' today, 782,500 share ; bonds, 89,434,000. New York. July 12 (TJ. P.) Prices were Irregular at the opening- ofi tle New York . stock 'exchange today. Changes were fractionaL Prices: t'nited State Steel 94. off ; Baldwin 123 44. off : General Motor 26. off ; New Tork Central 7. np : General : Mo tor. 26. off H ; Beading 91, off ; V. R. Store 80 K , off hi; Bethlehem 91 H , off hi; 8tudebakr 75 4. off , ; Anaconda 67. off i Southern Pacific 95 "4 , off In the afternoon there waa a run-up in Btrom berc to 95Vfc. . In face of the most active week- in stocks Wall Street witnessed in some time, the clear ing .house statement revealed a heavy shrinkage in loan. Persistent . hammering by trader put a most of the industrials down to new low for the day around 2 p. m Mexican Petroleum waa down to 191, a decline of nearly 9 points from its high (A Jast week. Pan-American Petroleum was below 105, while V. S. Rubber common was off over 2 points at , 90 Vk . Call money remained st 8 per cent, , Parnished ' by Overbeck eV 9bok Co.. Board of Trade building. explanation of the , reason for nine quotations on butter., rans-ing- from 45c to 55 He per pound by the united States department of agriculture at Chicago on June S, Is given by J. E. Poole, manager of the local Swift & Co. produce plant: "The variation la pnea U due to toe different qualities of butter being marketed," said Mr. Poote. "In tb beginning, the milk was all generally of the same quality, bat somewhere along the line there waa failure to take care of cream properly and 5 this resulted in the many' varietien of butter. ' . . "The trouble is. Pool continued, "that our producer here don't all take care of the cream a they should. This is due to the fact that tbey do not generally understand Just now cream should be handled in order to. deliver the very highest quality. ; "One of the moat important thing Is clean utensils, clean separators, washed after each sep aration, v Another Important feature is prompt ly cooling the eream. It is also intportsnt that cream from each milking be kept separate until it is thoroughly cooled. . Do not mix warm and cold cream. . ... - ' - "It is a short-sighted policy for producers to deliver poor cream, as butter mad from aucb product bring a lower price on the market. The price creamerymen pay for cream is largely gov erned by the selling price of the butter made. "In some districts, cream is stougnt on a graded basis, a higher price being paid, for the better grades of butterfat. - This plan of pur chasing is doubtless growing in favor, as through this method tha producer ia stimulated to pro duce and market a better quality of cream. - 4.... 840 8 6.25 2.4.. 910 . 7.00 28.... 975 6.75 ' 2. ...10S5 6.00 29. ...1016 9.65 . . . 823 6.00 ...1130 6.50 ...1042 . 6.6O . . 600 5.50 . . 924 7.25 , . 998 7.00 . .1180 6.50 r BULLS ...1410 8 6.00 I 1 CALVES 3 2. . . 6 . , 1 . . 7.. 25. , 1. . 1.. 1... 1... I" 0 . . . 1., O 4 090 760 916 1012 ..1040 .-. 770 .. 840 . . 82 . . 983 .."88(1 .. 930 ..1810 COO 6.00 7.60 7.25 8.00 S.30 6.0O 6.50 7.25 7.25 50 ; 7.25 185 813.60 4. . IO. , 6 . . 45 Ik... 256.... 92 ... . 20 1.... 4. ... 72 ... 24! MIXED 3.. .1790 8 6.00 .-156 812.00 12. . . . 8 OO 9.. ..1122 26.... 975 68 112 130 120 120 01 103 . 820 f 7.00 . 486 ; O.OO .1328 v 7.00 LAMBS A 81 A lit i A V f lir .VV I 4J , , 70 10.00 .. 10.00 J - -EWES " l 8 6.25 I 19 ... 6.50 I 4 WETHERS 6.00 I 20 5.00 I YEARLINGS 8,7.75 I 10.... 7.50 I BUCKS 156 8 4.50 I 8 6.25 O.OO : 6.75 88 $ 8.50 (10 11.50 103 8 4 50 120 . 5.00 ISO 8 6.80 109 8 6.60 -New York! Prod nee Market New York, Jaly 12. (L Jf. 8.1 Lave poul try Dull, - few quotable; chicken, 43 9 60c; fowls, 34 9 86c i .Butter Firmer ' creamery extras. 58 9 61c; do firsts, 53 9 58c;' do higher scoring, 58 H 9 62c; state dairy tub. 429 57 ft c: renovated extras. 49950c ' Cheese Irregular; whole milk specials, 37 H 2Ht do fancy. 26 9 27c; .lower grades. 20 9 25 Vkc;' whole milk fancy Tonng Americas. 30931c; skims, specisls, 18 hi- 9 19 hie; do choice, 18 918c; do to good. 12 9 15 He; lower, 6910c - I 1 - Eggs Firm;, nearby white, fancy. 61963c; do brown, fancy, 63957c; extra, 629S7Uc; firsU, 44 9 48c v . LoKasberry Yield Light BrowiMTille, July 12. The Graves . cannery, formerly the Brownsville . Caning company, has taken on a force of 20 girls in addition to women r and men. and ' are working on Kentish and ' Koyal -Anne cherries, loganberries and rasp berries, i -The yield in many loganberry fields near here is light owing to ' damage done to the vine by tha., bard winter. The evergreen black berries have started second growth vine and runners which are now blossoming.' - New Tork Sirtr and Coffee. New Tork, July ,12. (U. P.) Coffee No. 7 Rio, 14 He; "o..4 Stntbc. 19 921c. Sugar Quiet. Raw. 818.56; refined, quiet; granulated, 322.00 9 24.00. . . . AVnent Condition Good - Milton, Jnly 12. Wbeat is in good con dition and the yield is expected to be better than for the paat two years. : Urawer are as. sured of fair prices and of grain hag at reason able prire. The acreage ha -been rednced but the yield is good enough to make up for the Joss. Oata and barley will nor. be up to the average. , .: . , Minneapolls-Dnlatb Flax . Duluth. ; July K.-ll - ,.) Flax July. 83.72; September. 63.78 H ; October, 83.79; trace, d. if nil 1 ; amve, so. 1 a. Minneapolis. July 12. 33.70 9 8.75. iL N. 8.) No. 1. Thirty-five Carr Cherrle Shipped Freewater; Jtdr ; J 2. Thirty-five carload of Royal Anne, Bingar sod Tartarian cherries have been shipped frcan: here this season. All fruit bouses are working- to fullest capacity. 7 The largest crop of' tomatoes ever harvested here ia anticipated. ' - .. t .". ; '1 --; : i- i .-. ' Chicago Cash Orals - c" Chicago. July 12. (C. P.) Cash wheat No.,3 hard. 32.84; yo. 4.'pring. 32.70. v - San Fraaelsco" - Poultry Market ' San Fnnc.iacOt July 12. iV. tP.) Broiler, 30 9 38e;.. large Jtens... 35 9 3oc; best duck. 20925c . AMERICAN LIYE8TOCK PBICES . Ohlcaoo Hons 818.3S - Chicago. July 12. (L N. S.)- Hog Re ceipt 42,000; steady to 10s, lower. Bulk. 613.00 916.20; top. 816.35; heavy weight, 314.50915.50; medium weight. 814.609 18.35; lightweight, 816.25 916.85; light lights. 314.15 916.15; heavy packing sow, smooth, 813.75 914.73; packing sows, rough, 813.26 913.75; pigs, 318 00 9 14.75. - Cattle Receipta 17,000; generally steady. Beef steers, medium and heavy weight, 816.25 917.10; choice and prime, 816.23 9 17.10; medium and good, 313.00 916.25 lightweight, good and choice, 315. 009 16.85; common and medium, 810.25 915.00; butcher cattle, heifers, 86.609 14.75; cows,- 66.35 9 12.75; - bulls. 66.00 912.00; canners sDd cutters, cow and Deifen, .UUt B.ZS; eanper steers, 34.60 9 7.50; veal calves, Jight.and bandyweiaht. 812.26 914.00; feeder steers, 8 S.OO 9 12.001. stocker steers, -. sa.sa syo.au; atocker calvea, 36.50 9 10.00. - Sheepr Receipt 15.000: llow: strong to 25e higher. Lamb. 84 lbs. down, 313.50 916.75; culls and common. 37-50 913.50; yearling wethers. 80.50 918.50; ewee, 86.25 9 8.50; culls and common. 33.0096.50; breeding ewea, 86.00910.50; feeder lambs, 811.23 913.50. Omaha Hog 816.60 Omaha. July 12. L N. S.) Hog Re ceipt. 10,000; 10925c lower. Bulk.-314.00 914.50; top, 813.50. Cattle Receipts 6100; beef steers, she stock and atocker and feeder steady, 25c higher; other claasee steady: best heavy beeves. 810.25. Sheep Receipta 14.000; lambs 25c bis her; sheep and feeders, steady. - Kansas Otty Hoo tlBS Kansas City, July 12. (I. N. 8.) Cattle Receipts 14.000; steady to 25c rawer. , Steers. 39.00916.50: cows. 88.00911.13; stackers nd feeder. 68.00 9 12.00.; calvee. 89.00 0 13.00. . j T Hogs Receipt 6500; steady. Bulk, 318.50 18.90; top, 815.95; heavies, 815.50 915.90; lights. 815.60916.90. . - Sheep RecoipU. - 60O0; . 23 9 75e higher. Lambs, 614.50913.75; ewea, $7.00 97.50. Seattle Livestock Market Seattle. July 12. (I. S. 8.) Hogs None. Cattle Receipts. 201; steady; beat steers, 810.50 all; medium to choice, 89.00 910.00; common 4o good, 86.00 9 7.50 ; best cow and beifera. 88.0098.50; medium to choice. 87-00 9 8.00; common to good 85.O0 9 7.30: bulls. 85.5096.50; calvea, 87.00 9 14,00. Sheep Receipts. 222; steady: yeaxlinga. 88.50 9 9.60; wether. 87.00 9 8.00; ewes, 83.0097.00; prime apring- Iamb.- 812.009 12.50;. culls, 68.00 910.00; valley lamb. 811-00911.50. - - Oonyay Hoka, flg.SO' f--;-'.; - Denver. Colo., July 12. (O. P. Cattle Receipts 50. Market steady. Steers, 310.50 915.00: cows and heifers, $8.009.50: stock era end feeders, 87.00 9 -00; calves, 811.00 9 12.50. - - . t . Hogs Receipta, 4250; market Uady. 815.50. Bulk. 814.50915.26.- - Sheep Receipt 9500. Market 81 higher. Lambs. 314.25913.00; ewes, 87.5098.50, DESCRIPTION : Aiax Rubber .. . Alaska Gold . A11U Chalmers .. Alloy Steel Am. Aer. Chem, Am. Beet Sugar.. Am. Can, c. . . . . Am. Car Fdry.. . Am. Cotton Oil . Am. Hide A L. c . do pfd ........ Am. Int. . Corp. ... Am. Linseed, e . -Am. Loco.,- e ..... Am. Ship A Com. . , Am. Smelter, C ... Am. Stl . Fdry. . , . Am. Sugar, e A m. Sumatra Too. . Am. Tel. tc Tel. . . . Am. Tob. .. . . .; . . Am. Woolen, e . . . . Am, Wrtg Paper.pfd. Am. Zinc ........ Anaconda M. Co. . . Atchtvm, e ....... A tl. tiulf AW. L . . Baldwin Ix-50., c, Bslt. A Ohio, c . . . Bethlehem SWel,- B . BoHcb Magneto ... . . Brooklyn B. T. . . . . Butte A Superior.. Calif. Packers' Assn. Calif. Petroleum, c. Canadian Pacific. . . Central Leather, c. Cerro de Pasco .... Chandler Motors. . . Chesapeake A Ohio. Chicago, tit , W-, c do - pfd - ; . . . . -. . Chi., MlL A St, P.. Chi. A N-W Chile Copper ..... Chi no Copper CoL Gaa A Elec . . Colo. Fuel A Iron. . Consolidated (ia. --. Corn Products, c . . Crucible Steel, c . . CoL Graphophone . , Cuban Amer. Sugar. Cuban Cane Sugar. Denver A lilo ti., c do pfd ....V Erie; c ... ... . do 1st pfd. . . . Fi&ke Tire ....... Gaston Williams . . General Electric . . General Motor ... Goodrich Rubber . . tit Northern Ore . . GL Northern By. . . Greene Cananea Gulf States Steel . . Ice Securities - .... Illinois Central ... Ind. Alcohol . , . . Ins. Copper ...... Int. Paper ....... Ink Harvester .... Int. Mer. Marine, e. do pfd ........ Int. Nickel K. C. Southern, e .-. Kelly Springfield . . Kennecott Copper . . Keystone Tire . .-. . lckawanna Steel Laakey Famous Play. Lehigh Valley Maxwell Motors, c . do pfd. Mid. States Oil.. Mex. Petroleum . . . Miami Copper . . . . Midvala Steel .... Mo. .Pacific, e.,.. do pfd. ' National Enamel ... . : l t iiunu unu . , , . Nevada ConsoL 2 - .'. New Haven ; . . . . S: T. Air Brake. N. T. Central. .. . Nor. A Western,.. Northern Pacific . , Okla. Ref. A Prod. Pure Oil Pan Am. Pet., e. Penn. Ry. ...... Peoples' Gaa ..... Pierce Arrow -.. Pierce Oil . . . . . Pittijburg Coal. c Pressed Steel Car, c. Pullman - . Ray Con. Copper. . Ky. steel Springs . Reading, c. ...... Royal Dutch , . . . Rep. Iron A S-. c . Retail Stores - .... . Rock Island, c '.. Rock la.. Nd. "A". Sbattuck Copper Sinclair Cons. . . . . Shws Sheffield Southern Pacific . , Southern Ky.. c . . Stromberg Motor . . Studebaker. c . . . . Shell ......... St. Louis A San F. . Swift A Co. -. ; . . . Teas. Copper . . . . Texas Oil ....... Texas Pacific ..... Tobacco Product . , Trans. Oil ......... Union Pac, s...... ? do pfd Cnion Oil of .DeL. Pnited Pood ProdU.. Luted Fruit 1 Open j High ) Low 1 Close I 64 M 6-H4MS3 ! ll 1 88 I 88 I 87 I 4S 43 43 85j 85 HI 85 j 04 941 93 I 42 43 - I 41 1139 1189 Vi 137 17 92 87 81 102 24 61 89 128 08 93 229 90 47 14 57 81 164 128 33 1 " 118 82 123 65 44 102 55 8 23 35 70 15 rTop. COTER15G MOVKMEKT COJCTnetTES IX SEW YORK COTTON MARKET New Tork. July 12. (L N. S.) The cov ering movement which began In the cotton mar ket on Saturday was continued st the opening today, with the result that first prices were 20 to 40 points higher. Later the list eased off about 25 points from the top under southern aelling. and at the end of the first 20 minute waa steady, st a -net gain of about 15 point. . r - The close was ateady with August 115 point lower and the other position unchanged to 80 point higher. i Furnished by Overbeck A Cooke Co.. Board of 1 raoe ouiKung. 1 Month. January , March -. May . . . . July .... October . December .Open. . . sia .. 8048 . . '2990 . . 3085 , . 3350 8190 High. 8150 8 (16 3 29-90 8973 ,3360 3190 Low. . 8080 3033 2960 3950 3317 8156 Clowe. : 3098 '- 3035 - 2968 8065 3833 3170 56 96 155 31 53 68 12 18 20 83 18 . 142 26 63 -. 72 82 4 51 88 33 94 18 18 112 26 29 77 81 44 22 193 21 48 26 43 71 73 81 101 70 OO 73 4 42 106 39 '54 15 60 iii ioo 91 .113 90 80 37 74 ii 74 05 28 92 75 76 26 108 i - 47 41 71 16 115 65 31 TO 205 171 17 92 I 88 88 86 81 80 102 100 23 24 62 61 SO 88 128 126 03 91 93 03 220 228 90 86 47 47 14 14 57 56 81 80 164 158 123 119 33 32 91 89 119 118 ; '82 'si' 126 123 66 64 4414' 43 102 101 66 65 8 8 28 28 36 84 71 70 16 14 '66 '56 96 9S' 156 151 81 30 58 . 61 63 41 aw , 12 11 : 13 12 21 20 84 82 18 I 12 142 142 . 26 26 I 63 62 . i72 '70 82 4 62 87 83 04 18 18 112 26 29 77 81 44 22 195 21 42 20 45 71 78 , 82 101 70 91 73 4 .42 106 40 '04 16 ! 60 117" ioo h 92 114 96 80 88 " 32 74 95 30 05 78 76 26 108 47 48 71 16 116 65 81 70 U. 8. Rubber, c t!01101 V. 8- Smelt. - A Ref. L. S. Steel, e..... . do pfd ........ Ctah Copper . . Vanadium Steel . . Virg. Cnem... c . . Wabaeh . WsbaaJi;- A v. . .. . . Wabash, B ....... Western Cnion . . . Westinghouse .Elec. White Motor .... Willy Overland Woolworth w .- 59 '94" 107 68 88 73 8 28 "si" 49 52 19 108 59 94 108 68 89 73 O 26 "81 49 62 19 108 81 91 62 84 32 93 17 18 109 t 26 29 75 79 21 187 21 42 26 48 70 7 30 99 70 89 72 41 102 39 ii" 15 69 116 100 90 112 93 78 37 74 31 73 94 28 86 73 75 z 108 9 46 41 69 16 63 1 86 43 85 92 41 187 -43 16 88 80 79 100 24 61 38 123 91 93 228 86 47 14 56 80 157 119 82 8U K 117 11 2 "Vi 90 31 123 64 48 100 63 . a -. 23 ' 34 70. 15 80 66 34 79 94 152 SO 51 51 5 11 12 20 88 12 140 26 61 86 70 31 61 40 82 92 50 84 128 82 .98 17 18 109 23 27 74 80 43 23 41 21 187 21 42 26 43 70 76 12H 31 90 89. 72 4 1 102 30 34 52 13 68 115 16 98 ; 90 112 93 77 ,7 7. 81 78 94 29 86 73 75 26 108 9 46 42 69 16 MARKET POOLS ON JUMP; WANT ACTION -:; '' I ' w Red Bust Reported In Eaisterii Fields NORTHWEST GRAIN RECEIPTS -Cars- Portland. Mon... '50 Tear ago..... o - o Season to date.. 520 ' 10 Year ago. ... . ,86 15 Taroma, Sat. ..... 5 , , . , Tear ago.'. ........ 1 Season to data. , 95 1 Tear ago. . ... 10 1 Seattle, Sat.. . .;. ... . . Yfr aio. . . . .... . Sca-ioa to date ...... . . Xear ago. . ... 21 Wheat. Barley. Flour. Oats. Hay. 5 8 81 47 28 15 - 6 8 87 ' a 1 10 2 s 17 34 2 16 7 Report of red mat in the eastern wheat field have reaeched local grain men. Just how serious an effect this will have on the crop baa not yet been - estimated. Price of mulrun Monday . was rtrmer, saiei being made, at 857. Millrun ia very scarce, and it will probably remain so until -after August 15. when the mills are expected to start grinning again. ' i -- - FLOUR Selling price, mill door: Patent 813.73: Montana spring wheat. 814.85f WU- lamett valley brands, 311 20; local straight. 311.20; baker' local. 3 13-5: grabam. 311.au Pricea for city deliveries for five barrel lota. HAT Buying price: Willamette timotny. fancy. 334 36 per ton; vetch. 332; cheat. 823 straw. 10: clover ii : grain,- t 1; alfalfa. 881 a' ton. - t, it A I.N Rii:aa nominal, new eron oenvery: No. 1 Calcutta. 19c; domestic 16 20c in ear lots; less amounts higher, MILLSTUFFS Mill run at mills. aacSed. 00 4&t 5 fl OATS Per too, buying price; Feed, 1700 70.50. . BARLET Buying price: Feed. 166 9 66.50; milling. 867 67.50; rolled barley, selling price. 371 ton. - Merchants exchange bids: . CORN . . July. . Aug. No. 8 yellow. 6500 6500 Eastern grain in bulk: . . CORN No. 3 yellow 6450 ' 6300 Br Broadan Wall New Tork, July 1 2. The stock market Is acting- on tha assumption that all will be well, but- in private offices bankers are saying to one another that whatever advances are contemplated in prices of stocks had better 1 be made quickly before the crop moving congestion is added to the . present congestion of general freight. That! Is why the pools are, working strenuously, hoping to attract a public following and get out of stock before this further congestion of freight and credit makes a constructive market an Impossibility. L.... -During- the great decline in the market Insiders of - the big corporation and pro fessional operators covered their short lines leisurely and as leeiurely. took on lines of long stocks. They already have material profits in the long' stocks1 and they know there is no short Interest to sustain! it in the event that one or an other of them should decide to cash In suddenly. There is likely, therefore, to be a good deal of shooting; in Wall street such en was seen in the final hour of last friday. The sales for the entire organisation f6r the year 1919 exceeded $25,00(1,000.' ' The company claims uninterrupted earnings for the past 30 years. The business con sists of large public cold storage, cream ery, ice making-, tee cream manufactur ing, poultry feeding and dressing, cheese manufacturing, milk condensing and egg freezing and evaporating plants. New IiM-orporatlons - The -Portland School of Massage has filed its articles of incorporation with the' Multnomah county clerk, glvinf Portland as its principal place of busi ness and A. B. Calder, W. J. Wtrta and Charles H. Walters as the Incorpora tors, Articles of inorporatlon huve alb been filed by the A. M. Conwuy com pany, Portland, capitalized at 33000, to i with A- M. Conway. C. V. Bjornv.ill and B. M. McCalley as incorporators. New Tork Metal Market New Tork, July 12. (I. N. S.) Copper -Pirn I tpot and July, offered !; August, of fered 10 c: September, offered 10 c. Load steady; pot, July. August and Sep tember. 88. V . . . Spelter Firm ; spot and Jnly. 7.808.00; August to tlctober. 37.83 T 8.00. -. Henningsen Produce Bonds Are Offered By 6. E. Miller Co. The Henningsen ' Produce company 7 per cent serial gold notes are a new In dustrlal security being offered this week by O. B. Miller company. The notes are ifmued in nominations of 100, $500 and $1000. dated July l. 1920, and due aerial ly Julyi l, 1920, to July 1, 1930.. They are priced, to yield per cent and are re deemable at the option of the company, as a whole or in part, at any interest payment date, at 101. The produce company was established in Butte. MonL, 30 years ago. The com pany owns and operates at the present time ' plants In Butte, Mont. ; Tacoma. Wash, i J3clo and " Newberg. Or., and Shanghai, CbJna. The company also owns two-thirds or more of the capital stocks j of five other companies, which stock has been deposited with the trus tees as additional security for this loan. Tax Elxempt -SptendLJ Invegtment - Teton County, IdahpYield 6 . t 54,000 Road and Bridge Bonds Dated July 1, 1919 Maturities 1930-36 Denomination. $1000. Priced to yield Principil and Semi-snnusl Interest Paysble at Chase National Bank. New York City. THE unsold portion of this Issue offered herewith at 6 per cent yield Is opportunity personified. We unhesitatingly recommend It as a buy eXtrLocn.tedrin the southeastern part of Idaho.Teton fkunty embraces approximately 500 square miles. 100,000 seres being under cultivation. More than 50,000 acres are Irrigated. It la' a banner wheat area. Uraln, vegetables and fruits abound. " ' . ' These bonds provide funds for msklng Teton County alt the more valuable by opening thesection to greater accessibility through modern roads and bridges.' - Telephone or Telegraph Orders at Our Expense a. Peaem IftiiMiuiU Vt.tj Morris Broth elrs m VA Premier municipal ujona nousm Seattle Central Bldg. MORRIS BtilM POBTLANll.OIl (Kstuerm San Francisco Ca Mer. Nat Bldg. $600,000.00 HENNINGSEN PRODUCE COMPANY FOREIGN EXCHANGE RATES 7 SERIAL GOLD NOTES ' Corrected daily by foreign exchange depart-1 meat of the United Stetes National bank. Draft Checks London Pound sterling . . .8 3.94 "4 Pari Franc. 8.43 ; Hamburg-Berlin Mark .... 2.63 Genoa Lire. . 0.04 Copenbagea ' Kroner ; i . . 16.00 Cbristiania . -; Kroner ..r 16.79 Btoekholtr . Kroner f; . .' 22.15 Hongkong Currency .. 72.75 ..... 61.60 Shanghai - Taels .... 1.04 Dated July 1. 1920 Dufl Serially July t, 1921, to July l, 1930, Inclusive. Cable Far Transfers ... Talus. 9 8.054 f 4.8665 8.43 , 6.1826 2.82 28.82 ' 6.05 V 6.1826 16.65 26.85 22.15- ; 26.83 ' 22,20 26.80 73.23 - 42.90' 61.75 43.00. 1.05 65.00 Tear ago.. $6,384,049.76 . $.111,218.42 1.808,684.64 .. $2,752.782 1 l.OSl.OSO I 11514I119H 64!. 31 SH 20 H B8!4 SB tin 107 S 68 H 83 Vi -73H 26 - "si 40 " 62 18H 107 644 31 S hi 202 . 8H 68 H 82 4 108 OSH 83 w 73 H SH 28 H 16 . SO 49 4 51 H 164 107 - Ex. div. 60 per cent in tock. Total stock sales for the day were 782.500 shares with bead basinew going to $9,434,000. " Foreign Boad Market (Furnished by "Overbeck Cook Co. - of Trade Building) -. ' - Bid. A. F. 5s, Oct. 1920 . 98 h V. K. 5 H s. Nov. 1921 ... . 4 .. S . , Kep. France, 8s, 1931 ........ .74 Psris 6s. Oct.. 1921 ......... 93 4 Itattdaa Ex to, 5 Ha. 1921 ....24 Uussian IntL 5H. 1926 29 . Dora. 5. April 1B21 ......... 97 14 Dora. 5s, April 1931 ........... 86 Vi U. K. 5 H. 1937 934 Board Ak. . 99 hi 96 i 94 ' 24 84 ? 86 PACIFIC COAST BANK STATEMENT I - faetlaa Banks. Clearing This week. Monday ...... $6.955,005.09 wattle Banks. Clearings Balances' - Spokane Banks. Clearing .................... Balance ! San Francisce Bank Clearing Monday 829.400,000.00 Ut nmm Bank Clearing Monday .. ..$14,123,288.24 - Tacoma Banks. Clearing Monday .$ 802.870.00 Monday ix,z.v Hew .York Boad 3f arket .', J Famished by Overbeck V Cooke company. Board of Trad traUttlng. Atchison genL 4 .- Hal. Sc Ohio gold 4s. Beth, Steel ref....... Cent. Pacific 1st 4s. C, B. a O. col it St 1'eal gent. 4 H Chicago - N. W, getu. 4 U x K. nnL 4s , New Tork Ry. 6s. Northern Pacific P. I 4s.... Reading genL 4s .......... Union Pacitic 1st 4 . . . . . . . IT. 8. Steel 6s ........... TJnidn Pacific 1st ref. 6. . . Southern . Pacific conv. 5. . . . Southern Pacific conv. 4. . . Penna. conv. 4 H .......... Penna. lit 4Hi . , . Cbea. Sc Ohio oonv. 5...... Oregon Short Una 4 ........ Bid. Ak, 72 72 T 60 50 V 7S ' " 79 9 70 92 4 94 -68 H 68 72 72 77 M 7814 .... 20 72 14 72 V4 -7?4 78 79 " 79 14 91 93 68 69 6 97 74 74 84 87 75 75 75 75 76 77 Liberty Bond IJalet Open. Liberty 3s 9120 Liberty 1st 4s. . . 8610 Liberty 3d 4s ... 8364 Liberty 1st 4 . 8630 Liberty 2d .. 8520 Uberty 3d 4 . . 8974 liberty 4th 4.. 8698 Victory ' 4 a .... 959S Victory 8 ..... 9598 Sc Cooke company. 1 . High. Low. Close. 9120 9090 9092 8S40 810 SS40 8564 8560 8560 8650 8630 8642 8580 8360 8360 8974 S926 8930 . S69S 8580 8582 90O 959S '9596 9600 9596 9696 ; THeser asd Exebaags New Tork. Jnly 12. (L X. 8.) Call money on trie floor of tne Mew lorttiStoek Exchange today ruled at S per cent; high S per cent; low S per cent. Time money a firm. Ratee were: Sixty days, 8H per cent. The market fox J prime mercanUle paper waa ateady. Sterling ex change was steady with business in banker' bill st 894 lor demand. Ferelga Sxefeaage Steady - New Tork, July 12. TJ. P.) Foreign e. enaage was steaay at tne opening today. X mand steriiac opened at 8S.94. anehanged; franc check were 11.85. off. 5 centimes; lire 1 check off 5 at 16.57: marks, higher at .0262 and Canadian dollars .8790. - rvmttnd sterling doted at $3-94, off cent; irane caeca, ii.uv; lire cnecas. lo.oo; mark. demand, lower at .0259. cable. .0261: Ca-I aoiian, .s I u. Spot Cottoa Qslet Netf Tork. Jnly 12. (L Jf. S.) Spot cot- ! ton was quiet aoa aoeaengea today at 40 He. mo aaie. ,. rniiMn nntee In -lenominations of Si. 000. ISOo and 100. Rerlsterable as to Pilncfpil only. Interest" payable January fst and July 1st without deduction for anynormal Federal Income Tax not to exceed 2. .Redeemable, at the option of the Company,. as a whole or In part; at any interest payment date at 101. Principal and interest payable in Gold Coin at the Title and trust (company, Portland, Oregon, or at the United States Mortgage & Trust , Co.. New York Cityj . ' - Title and Trust Company, Portland, Oregon, Trustee From the -accompanying letter of Mr. A. P. Henningsen, President of the Company, we summarize as follow!:. Business Business was established thirty years ago in Butte. Montana, and has shown a substantial profit every year. " Business consists of large public cold storage, creamery, ice making, ice cream manufacturing, poultry - feeding and dressing, cheese manufacturing, milk condensing and egg freezing and evaporating plants. The Henningsen Produce Company owns and operates plants at Butter. Montana, Tacoma, Washington; Scio and Newberg, Oregon, and Shanghai; China. The Company also owns two-thirds or more of the eanital stocks, of the companies listed below, which have been deposited with the trustee as additional - I security for this loan; i NORTHERN PRODUCE COMPANY, ST. PAUU MINN. i HAZELWOOD COMPANY. PORTLAND. OREGON. , COMMERCIAL CREAMERY COMPANY. SPOKANE, WASH. v , WESTERN CREAMERY COMPANY, MILES CITY. MONT. m YELLOWSTONE CREAMERY; BILLINGS. MONT. BEAUCLAIRE PACKING COMPANY, ALASKA. . j As well as over 50 of the stock in a number of smaller : corporations engaged In the same line at I various other points. , Volume . ""Sales of most important cemmodities by Henningsen Produce Company, and their principal subsidiaries: "i Pounds Cases Pounds Pounds Total Sales I Year Butter Eggs Cheese Poultry Dollars . ! 1913 11,469.542 313,848 1,729,678 . 2,861,231 14,250,934.35 1 1918 15,414,803 350,282 . 2,845,752 1,584,444 6,782.502.40 j 1919 20,748,787 404,742 2,186,670 3,709.671 21, 274,94t.5 "Th total aggreffat sales for Um antira organisation aacaaadad 425,000,000 in 1919. Assets , '- ' . .'. " . . ..'. " '- '-'v ! Net Current Assets plus Investments Is 2.6 times this issue. i Net Tangible Assets is 3.4 times this issue. " IThe Assets ,jf the Company are extremely liquid, as they turn over their capital approximately twice monthly. The appraised: replacement value of plants alone exceeds the amount of this issue. The investments in subsidiary companies deposited with the Trustee are more than the amount of this 'C;:r;rissue.,:'.;.'-::---; i-''-- ? - ; V 'J. 1 - i': '- ' . 'Earnings; Entire business built and developed from earnings. j I Uninterrupted earnings for thirty years. ' - ! iAvarasja arninwa for thm past tkrao years tkraa tunas'" in t wrest charge en thaws notes.; Provisions j Under Trust Agreement. the Company covenants: .... , ," ( To maintain net tangible assets of 300 of outstanding notes. ' To maintain net current assets plus investments of 150 of outstanding notes. '; That its properties are now unincumbered. -( . v j ' Not to mortgage or pledge any-of its properties (excepting ' purchase money mortgages). In case of default in the payment of interest or principal? - ; The Trust Ag'eement becomes a first mortgage on ill real and plant property of Henningsen Produce Company and stocks owned by Henningsen Produce -Company in . subsidiary companies .which have I been deposited. with Trustee as additional security and collateral for this Istue. Management ; The management has been in the same hands for 25 years and no change js contemplated. i Notos air of far ad when, as anal if iaaued and rac wived bv aia in tha followin maturitie and price: Series A 860,000 Due July J, 1921, 99.05 and interest Series F 860.000 Due July 1, 1926, 95.30 and interest Series,B 860,000 Due July 1, 1922. 98.18 and Ir rest Series C 860,000 Due July lfc 1923, 97.3 7 and Iuerest Series D 860,000 Due July 1, 1924, 96.63 and Interest Series 860,000 Due July 1, 1925, 95.94 and interest Series G 860,000 Due July 1, 1927, 94.71 and interest Series H 860,000 Due July l, 1928, 94.17 and interest Series I 860,000 Due July 1, 1929, 93.67 and Interest Series J 860,000 Due July l, 1930, 93.20 and interest YIELDING 8.00 Stweka, Bases, Cotloa, drala. Eta. . S16-817 Boax of Traaa BaOaJaf Overbeck&CookeCo. DIRECT PRIVATE WIRES 1 TO ALL EXCHANGES ateatsera Caleas Bear mt Tra4s CorregseseeaU ' . Chlcaa-a h lraa Bryas) ..aw Tar' - All legal matters have been approved by Messrs. Dey, Ham p son & Nelson, Portland, Oregon. Balance sheet and earnings-statement have-been certified by Messrs. Whitfield, Whitcomb & Co., Portland, Oregon. Ap praisal Py General Appraisal Company of Seattle and San Francisco. - G; E. MILLER & COMPANY INVESTMENT SECURITIES Northwestern Bank Bldg. Portland, Oregon I vt.; Eastern lbbi.1. 812. u 14.JU. r New York spot market 4050.