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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (July 30, 1920)
THE OREGON DAILY JOURNAL PORTLAND, OREGON 15 FURTHER HU6E LOSS IS SUFFERED IN PRICE OF WHEAT- -r-Srs S- SELLING ORDERS CANCELLED i eidllri It ... W ill T. Ij;li8 ; FRIDAY, JULY 80, UZO.- ' i i CHEESE SITUATION IN BETTER SHAPE ; Despite the present weakness gen erally "apparent tn the cheese trade for offering from practically 1 sections of the Pacific Northwest with the ex ception of Tillamook, the outlook for the future Is somewhat more favorable. Recent Hberal purchases' by cold ttorsga in terest indicate their faith in the future of the narktt d Kmt ol UwleedeT t tie trade are forecasting an early advance In h price. : ; Even those section wnicb teen to anxicnt to eelT tuppliet a thort time Me at re duced values, ere les keen about telling ax-. it at mora rigidly maintained figure. Connsroption of chtnm I growing rapidly and lb to. therefore. i taking car of meet or the recent surplus. CiHforjiia continue tha 11rmt market on the coat anfl the heaviest aalta In tha North . vol are for that account Thnw desiring special infarmatloa regarding any market, should hU tha Market Editor. Oregon Journal, enclosing sump for reply. IrCAi MARKET '18 JUST HOLDING 3 No ehaflxe we shown ia local egg market f conditions, during the rridy trade. Buying and aeelhng- price were unchanged with receipt of Flair volem. Much poor atuff conunu to leoua forward. . ' ; ... - f . .. - BliTtElf 'S ROW MARKIKG TIME Trade In the butter market l Juat abont steady for extra but flnrta and prima first are drajaine. although no further price, , Chang la noted, either for cubes or for prints. eM ',..v..-. HEAVY HESS QUOTET"-AT? Bale of hevywlght heir - are '(howa slong ha street high aa 27He- pound, a rtae of - to I "He above previous quotation. te ni n;eon4dered favorable , all , through tha jhifketrtrre. "vs' PEACItftlCKSItTJMlrO. EASIER With carlo d lota of '. eattfornt .pesehe .ar riving daily, ih lout .market i lr,' Bate of car arrivals are showtaeroeid i.76 1-8 -erally for best stuff, while sueress hipmnt -of fancy fruit aeU up to 12.00. Little really good local paacbaa coming. ,. -. .. - POTATO MARKET f SERT DRAGOT Dragging ton 'continues '.in tha poito trade here with prices aunchansed. Dot sale to retaii--er generally nhown around 3 H o t pound. Oeod matured tuff ia ferincins , the extreme 'price,. m-t; ft 4 u . ;.; i. H . V.J- ' e 1 11 ' ' f. ' BRIEF TfOTES 6F PRODTJCE TKADE Walla Walla onion ielllnj down to 13.00 here. Dallea peach plume marine alow at Sl.TS a rate, four baaketa. , Dallea tomatoea ara: lower at S1.S0 91.7S box. - Raupberriee were firmer at SS.00A8.75 crate. Outdoor cucumbers' itowafc TSetl.00 box. Good frees corn seliln-at 3.304.U0 par box of hi doaen. - ' VJ,"'-'. v - - 1 1 a i WEATHER NOTICE FOR SHIPPERS Weather bureau adrtaea: Protect ihipmenta durinc the next 86 hour against the following maximum temperature,: fioina north, 73 de arte; northeast over 8.. P. 8. K-.' 93 de crees; east to Baker. OS deaveea; and south to Ashland. 03 degrees. Maximum temperature at Portland Saturday about 80 degrees. WHOLESALE PRICES IIT PORTLAND A These ara prices ratailara pay wholesalers, ex cept as otherwise noted r - 1, Dairy PVodueu X i BUTTEB-llirj price, box -lota: Creamery, prsute, parchment wrapped, 57c lb.: prima firsts, BSe lb.f fit-S4o lb. i mailer lota at an ad .'eance. Jobbing prices: Cube extras, 63 S3 Ho; first. 50c. Bl'TTEBPAT Portland delirerj baata, 3c: country stations, 57 ffi 38c ; - i OLf'OM AKJABI.N' riest brands, 40e: ordi nary, in tic; bakers,-. B3c: nutmargarina, 1-lb. , carton. S2e per lb ''-it,.' ...i I CHEltSE SelrhTg priee: Tillamook, tresir 'Oregon, fancy triplets. 82 83c per IK: Toung 'America, 34&fl5o. Prices to jobbers, f. o. b. Tillamook: Triplets 2 9e: Toung America. 80a. Selling "prices: Cream brick. 40 42c. Selling .price: Biock Swing, 48 49ei limburger, 40 42c rer lb. K.tJfSS Buying price: Current receipt. ;43r: candled, selling price, 48o; select, Ble par 'dozen' ' ' - . LIVE POCLTRT Selling price: Heaey bens, Iigh henn IT lfte; spring light. 17tie: heavy, 26c; ld roosters, 10c pfr lb.: turkeys. Ilea, i ) ; dressed, 43c lb. . - Fresh Vegetable and fruit rilEStt FltUIT Orange, $3.7597.50 pet .box; banana. 11 12c lb.: lemons, $4.B0 i 0.0i per crate": grapefruit, 14.00 ( 4.60; can tnlnvnes. California. 4.r.65.50: Malaga grape M OO per crate; California peaches. $1.70 $2.00; Oretrnn peaches. $1.00(91.73; ' peach Plume. $i.8r1.78 crate. Al'Pt-KS News, $3.00 4.00. TKlKtFBUtT Dt. Dromedaries. $7.50; Karrt. 00 w box: figs, $2.50 5.00 box. ONIONS Selling price to retailers: New V lis Wtlla.l, 3.00i yellow, $3.00 per eratei garlic. 23e ir lb.: green onion. aS(40o dcean bunches; onion sets. 179 18o lb. POTATOES Selling price: Oregon, fancy, $3 ( t so. BKRRIES 8trawberr1e. $3.73 0 4.00 crate: " Taspberrie. f3.253 75: Inicanberria, $3.73 8.50. blackcap. $8. 7S 4.23; curranU. $2.76 - S.t0 i - - ,' - -' . - - - YE(;ETAB1.ES Turnips, $8.50 aaeks ear rots. 4 0 sack: beets. 60c dozen bunch; let tuce. $2.00 1 2.30 crate; cucumbers, 75e(Sl per box: tomatoes. $1.501.75: gg plant. 30c found: broccoli. $3.35; bell peppers, 25c; celery, 3.25 3.75 dozen; string beans, 7 8o per pound. - Meat and P-reyUlon ' CO0NTBT MEATS Selling price: Countre bogs, 33c for top blocker; heary, 18c; beat veal. 33 34c; heavy real. 17 18c per lb. SMOKED MEATS Ham. 41A46e car In break fast bacon. 83 68c; picnic, 25o per lb. 'A coiiage rou. per to. LARD Kettle rendered, 26c lb.: atandard. 33 He; tierce bia. compound, 21 He. rish and Shelrflah FRESH FISH Salmon, fresh Chinook. 17 ft . 1 8c lb. : halibut, fresh, 1 5 9 1 So per lb. : stur geon ( It black cod. 10 011c lb.; kippered iimon. i.ou per tu id. paaxet; Kippered cod, 2.83; razor clams. ( ) ; crab. $3.75 S 8.75 oaen; ling codi.48e per lb. . ( ' Orooariea SUGAR - Nominal price., refinery basis: ube. 23. 85 1 fruit and berry. S2S.OOi n tmU 1 low. $22.40; gTaunUted, $28.00; . extra 4J, $22 60 golden C, $22.80. . HONEY Stw, $T.00T.5d ca.- 1 RICE Japan gtjle. No. 1. 12c; New Or len head, j f Bluet Bote, 1 4 e par lb. SALT Coarse, half ground, 100 $17.25 per ton: 60s, $18.73; Uble dairy, 60a, $37.25; bale. $8.80 4.00; fancy table and dairy, 3" 50; lump rock. $!.5() ,rr ton. i'.. B BANS- Sale by jobber. Small wblt, 7He per lb.: large white. 7ielb.; pink, 8Vkt lb.; Cma. 13 He; bayou. 116; reds, 10He;Ore ' gon brkns buying' prises, nominal, 5 He lb. f A N.N ELD illLK Carnation. $6.30; Borden, $6.60; Astor, 40;' Eagle, $12.85; Ubby, ' 86.50: Mount Vernon. 8 40 ser case. . - 'VQtJZgrz Boaatadi Jtaga tn aaeka or drum- i jf - ' , w---s - ' w - - Sa.rRACtKB In bulk. fOe per to:'- r TjiTS-wainani,oot5aoc pea i. ; ftimonof, 88c: filberts-82c in sack lots: PeCnuta, 14 H I5e? cati. -'25c; Brxila, 85c . Hope, Paint. OIU : ROPE Sisl,dark. IS He; white, 20o- IK; tahdard Manila. 28 He ? LINSEED OIL Baw,.. bbla.. -81.83 81: kettle boiled,- bbls-.' 1 85 5raw.ca. $1.9$; boiled, case. $2.00 "taUon;- - " n COAL OUr Pearl or water white, lu drum or iron barreJa.: 17 He gallon; cases. 80o per gallon. . . OASOLIKE -Iron barrels. 25 He: cases. 88c; .engine distillate, iron barrels. 16c; cases. -33 He i WHITE LEAD Ton lota. 15c; SOO lb. ' 15 He per lb. , i TURPENTINE Tank. $2.28; case. $2.41; 10 (- lot. Ic leas Hop. Wool and Hide ' HOPS Nominal. 1819 crop, 70c par pound. HlDKSj-NorflinsJ. .No.-.l salt Cured hides fuuder 43 fce.1 18o; JoJ ,slt cured hide torer 4& lb.), 14e; No. 1 salt cured bull hide-v 12c: partly cured hide, le per lb. less; greew hid, i2c per lb, ten; hair alipped hides. Va-itird IgMiun No.a hrdes. , '' . Calf and Ktp.Skfn : No. V3Tironed -lt akin v(up to 15 Iba,). 2503Otr..l.tnmaied kip ikina 416-80 lb,). 15c: tij-lippei akins, oue-Uurd less than No. i aataf k - -. -. v-i .. ' . ' . i t -Ory Hide and Sklna - - ' i .-t fj-1" li'lea 7 lba. rtd np), 25c: dry flint bulV.;17e; dry flint cair skins-, (aider 7 lb ). 85e; dry salt hide f7 lb, and np). 20c: dry salt bulls, 14c; dry salt calf skin (under T (be.). 80c; -dry cull bides and akin, half Drica. Hoc Hide V ' Creen or salted Large, well taken off hides. $6.00; pony and smell bides, $4.00: dry horse Ikide. $1.60 to $3.00; hides with heada 'off. ;tlo le; borse tail bair, per lb. 25e: bora ifcaane bair. per lb 15c- -ii ' MOHAIR Nominal. .. i. TALLOW AND G REASE No. 1 Ullow. 8c ; ,r 6c tsK 1 sraaae, 7c; No. 2 greaaa. c ' per lb. ., CASCASA BASK Ne 9L -JOe 1.? old MEDIUM SALMON IS MOVING VERY SLOW Owlnr to the heavy carry-over of me dium grade salmon, there ia at this time little likelihood that canning: operations In , the Columbia rlrer or along; the Ore-g-on coast this f&H will be otherwise than on a nominal basis. t The bug "gtockf of. medium trade gasraon which cannart were compelled to carry ever from last season or ah ts a hue lose for tha supplies, are said to constitute such a big load that packera are sat disposed to maka-.it still greatar by opera tine this fall. Despite this condition on medium stuff, th better grade of galloon continue to (bow strength and chinook la very (inn and the probablt pack for tha Meson bag already been sold , by can nera To data thi season the spring-summer pack of, the Columbia river ie estimated about 10 per cent smaller thaa a year ago. Tb absence of canning operations this fall is likely to gWe the fresh flab trad aa usually liberal gupply of low-priced stock. . Wheat Price Is Sharply Lower in The Chicago Trade v ' : ' ' ' ': Chicago. July 80. K N. 8. Wheat fu tures broke about 18 coat and rye 7 tests on tha Board of Trade today.. causing a drastio dump irtall pit. Exporter again lowered their bids for wheat, and tha mtUd foreign exchange situation added to the weakness. Tb Southwest reported receipts direct from tha country war enormous, despite the break In price, and at tributed them to banker insisting on loans being Mouidated. Wheat cloeed 10H 0100 lower. Corn started fairly steady on lack of rains OTemlgbt, but. weakened on selling for Western account and lack of support from tha country in dicating that crop damage - is not taken seriously outside. July corn dropped iS He. The cloe hewed loiae of 2 H 04 He. ' ' .-. Oata "weakened under aelling. July JraUled 5 H S3 3r under short cots ring in the final half hour; deferred months cioaed He lower. , Proeiaiona trade was narrow and largely local, rises reacted aharply from the low, pork finiah ng 45e off. laid 17 H 20c lower and rib down 27 H ease I ' Chicago. July Bo L N. 8.) With fairly geaaral selling' led by an Eastern snipping house, wheat started today 1 He to 3 H o off for De cember, and '6 He lower foe. March. Buying support was . weak until the . market ran into commission house order on the decline. " Cora opened unchanged for July; He lower to He higher for September and He lower to H c higher for December. - Insmedietely after tha opening commission bouse selling , caused prices to break sharply. - ' Oata opened He 'to He lower for July; He to He off for September and He to lie lower for December. , -Provisions wars generally off with September lard and rib leading the decline. Range of Chicago price aa furnished by the United Press: t WHEAT Open. High.- Low. Close. December ....231; . 232 221 ?.,, March ....... 833 i ; 288 228H f 6 H " . COBN July 144H ? 144H 188 J80H September ....141 H 141H 138H 18. December.:..lS5H 128H 132 H 133H . oats , July . .,..;, 78H , - 75H 78H September .... 6H ' 70H 68 H 6f December ... 69 H 68 H 60 68- . J ' POBK' ' July ........ 2385 Sepumber .... 2710 2735 2635 2686 . - - 1 LABD July ........ 1800 1880 1830 1850 September .... 1880 1880 1847 1876 ' ' BIBS . ' a July .... . .'. : , . .... 1 598 September .,. 1645 13 1505 1685 t 'tassaaswaawsssesaes Cash Wheat No; ..1' red, 32.53 9 2.65; No. 2 red, t2 802.52; No. 3 Ted. 83.60; No. t hard. 83.50 2.31: No. 3 hard, no euoUtion; Na 8 spring. $2.65.; i LITE STOCK 5fEK WOULD PUT NEW TALTJE OJf SHIPMENTS Salem. July 80. In an application filed with the public serrice cormniaaion . Thursday the Cattle end Horse Raisers' association of Oregon, tb Portland Lireetock exchange and the West ern Oregon Livestock Men' lesgue eek to mend tha present low value and special value contract governing Intra-sUt shipments of live stock by Increasing i tb amount of liability to which the carriers can be held for lost ot live stock while tn trasit. The present schedule was adopted in 1908. sine which time all kinds of livestock have materially increased ia value, it 1 pointed .out,: POTATOES AL05O THE COAST Seattle Market ; Seattle. July 80. fU. P.) Potatoes. Taksma Gams, 8110; local, per lb.. 44Hc Lea Angela Market Los Angeles. July 30. (L N. 8.) Pota to New stock, local Karlv and White Boe, fancy No. U mostly $1.7502.00; No. 2, 73c 1.09; iug,. cked No. 1. $3-253. 75; Stockton. $4.004.35. San franoiseo Market : Sn Franrdtoo, July 80. ITJ- .P.) Potato Old, 10c; new. 6H Sc.- Onioaa Yellow, $1.00 1.50. " v Fild pes, ,6c. t DAlRT PRODUCTS OF THE COAST Seattle Market Seattle, July 88. (U. P.) Butt r City creamery, 56c: brick. 57c Egg Fresh ranch, 66c; pullet. .45 9 46c Milk $2.80. , . , Lea Angela Market - lioa Angeles, July SO. (I. N. 8.) Butter. 2c. -' i Lggs extras, 52c; case count, 60c; pullets, 46c; pewees, 31c s t Poultry -Cnchangsd. Chlrag-o Dairy Prodace Chicago, July 80. (I. N. S.) Butter Receipt. S828 tuba; first. 47H52e: pack ing stock. 84 40c. ... Eggs Receipts, 10.870 case. Miscellaneous, 41 & 43 He; ordinary firsts, 40&41Hc; firsts. 43 H 45c;. extra. 47 47 He; check. 24 5c; dirties,-28 37a. Chese Twins, new. '284 24c; dairies, 24 24He; Toung Americas. 35He; long horn. 25He; brick. 2525Hc. IAv Poultry Turkeys, 40c; chicken. 82e: broilers, 38 g 42c; i rooster, 33c: gees. .20 41 2icl duck. 28c i . . . " .- ' kIMgMaa(sBasakMaIBMBBaavM : " " r Wa'nt Rate Chanre ' Salem. July 80. A petition to base the' South ern Pacific tariffs amended ao aa to give ship pers double deck rata ..when single deck car are delivered has been ' filed with the Oregon public service commission by the Portland? Live stock exchange, the Western . Oregon Livestock Men' league and the Jackson County Farm Bu reau Cooperative "exchange. The petitioners ak that if the Oregon commission lack jurisdiction in tb matter the petition be forwarded to the Interstate : Commerce commission with roeoxn xaendaUona.. ' 5w Tori Wool and Hides New York. Julr; 80. (L N. K-i Wnl 'Dull and weak. Domestic fleece. XX - Ohio. 88062c; pulled, scoured basis, 43c&$1.2&; Texas, eeured basis, 05efl.40. - Hide Fair demand. Native ' steers, 23 A 38c; branded steer. 24 27c Coffee Eaay. Option opened 8 to 8 point lower. Bio No. T on ipot., 11 He , 1 h'ew York Sugar and Coffee isew loik. July SO. (C P.)- -Coffee No. T 11 He; No 4 Santo. 18H 18Hc Sdgar Raw. firm; centrifagal. 16.29; i Urm;.tranalated. 21.O0 22.60, refined -.t 'i 'i -'" . - ''..i--, Cklcaa-o Potato. Market Chiearn, July 80. I. N. S.) Potatoes. 38 car. Minnesota. Dakota, Ohio. Wisconsin. Kansas. Missouri and. Early Ohio, per 100 lb.. Ifew Terk Potato Market ..New York, July-80. (J. N. 8.) Potato (In bulk barrel or bag), market weaker. Nearby WhiU. $4.76 8.60. , Soutberng. $1.00 96.60. - -:' Kaval Stores TVarket " - New York, July 80. (I. N. g.) Turpen tine. Savannah. $1.50; New York. $1 63- iRyin " " Savannah. $10.30; New York. li.T5. . . . Han Fraaelseo Poaltry Market t:1lJ'nxTioa' lnlT S1rZR p- Broilers, S3 S2?c Jartw hen. 353Sc; best ducks, 20 926c. i i . .. . LACK OF EXPORT TRADE HITS WHEAT HOW WHEAT LOST ; Bid. Lots. Hard white ..$1218 : 7c Soft whlte .88.81 - B White club ;.....$SJt - " 8e Hard winter ........,..tSJ6 18c Red wiaur ........,.$IJ 1 e Xortbeni sprlsf ,..,....... IS4 vltt Re4 Walla 12.17 lie NORTHWEST GatAlN BECKIPTS - Wheat. Barley. Flour. Oat. May. : Cats 1 PortUnd. Fri. .. 20 .. . 1 .. .. Tear age ...... 14 . . . , 2 4 Beaaon to date.. 977 15 50 28..' 88 Year ago ....... 175 4 66 ; 69 84 Taeoma. Thurs. . 7 . . " 8 .. . . Year ago ...... T S . . 8 Reason to date.. 167 8 98 2 S3 Year age 131 28 X . . 88 Heattla, Thurs... ... . . . Yar ago ........',.. , . 2 . y . . Season to date. . 74 4 27 157 Year ago- ..... . 122 ' 14 . 40 ' 33 41 . Very severe price lousea in the Chi cago wheat market during; the Friday morning- trade createa no sTurprise tn local grain circles, for such action had been generally expected. Due t the lack of buying at the ssoenent by England, the export . trade ia somewhat be wildered at the moment a to what ia going to happen in the pear future. - A more hopeful view of the situation 1a en tertained by some interests. Modern Miller of Chicago, one of the world's moat noted wheat and flour trade publication, aays: . "Modern Miller h consistently . felt that flour buyers were right in a conservative policy and that holding out of the market was pro ductive ot betfrish sentiment, and tended to let the market sag. if it would. We nave not felt, at any time, that pricea would take a 'slump,' and gave ear reasons. The world' (ituation it strong, and Europe win absorb the turphi of the United States and Canada and need mere. Everything confirms this belief. In addition to this, why should wheat aa a commodity, cast ing as much more to produce thee day aa other commodities, be aa exception to the gen eral high price level? . ; "Along with all tha la the fact that tne break have not favored flour buy era' hopes. There ha developed rust in the spring wheat state, drouth in Canada. The car situation did not break right and there la no abundant aupply of cara to provide a rush distribution to the market, where, it shows in the visible. Oa the contrary, there is small hope of a good ear situ ation and very moderate improvement. - "Waiting, then, it the program of flour buy er and farmer. Kansaa farmer preached hold ing for $8 wheat. They are collectively finan cially able to carry the crop for aome time. Tbey will not go hungry it they do not barry their wheat to market. But consumer must eat bread, and flour buyers can only hold off until atoek feel the effects of depletion. If etock get low it will not be eaay to distribute rapidly and fill the holes. -"The British minister of food gave a abock and a scare to the British trade when he said the food situation waa critical and that con servation will be necessary. He openly asserted that fodS would be tcaree and priest higher. Attar all. the trade attacks on hit exaggeration of the food situation, tba London Time prints what appears to be a very excellent summary and analysis of the wheat production and con sumption of 1920-1921. The gloomy outlook presented by the food minister , is minimised, but reeding the beat outlook ' preaented in the Times, no one could use it as a hop for price lump. ... " "A minimum of 480,000.000 bushels is out lined aa the import , requirements for Europe. This is against a pre-war requirement of aa high a 640,000,000 bushel. Canada and the United States are -credited with a' combined turplu of 830,000.000 bushels, which will be revised downward. Where will Europe -turn for the remaining suppli? India need food, but will par some. Tha Argentine will be ont of surplus in September and Australia ia no prom icing exporter. Russia is a myth. The minis ter of food did not draw wholly on hi imag ination. With such a situation abroad and the trend of our crops, and of the transportation conditions, the waiting flour buyer haa not the beet hope for the big priee dump he ex pects." -. .' - FLOUR Selling priee, mill door: Patent $18.75; Montane erring wheat. 814.85; Wil lamette valley brands. $11.30; weal (freight, $11.30; bakers' local. $13.60: graham, $11.50. Pricea tor city deliveries for five barrel lota ' HAY Buying price, nominal: .- Willamette timothy, fancy. (. ) per ton; vetch. 822.00; cheat. $20.00: straw. $10.00; clover. $19.00; grain. ) : alfalfa. $25.00 a ton. : GRAIN SACKS Nominal. , New crop deliv ery: No. 1 Calcutta, 17 H; domestic, 18c ia car lota; lea amount higher. . M1LLSTUFFS Mill run at mill, lacked, $5960. . . OATS Per ton. buying price: Feed, $68.00 0 84.00. BARLEY Buying price: Feed, 354.00X 56.00; milling. $56.00 58.00; rolled barley, selling price. $67.00 9 88.00. ' Merchant Lxchang bids: - WHEAT Sept. Oct. ; Nov. . 223 224 A 223' . 232 223 324 . 222 , 223 i 224 , 220 : -' 221 5 222 . 220 221 r 223 .. 320 221 ; 323 . 217 : ' 318 - 21 Herd white Soft whft . . , White f lub , . . Hard . winter . . Bed winter . . . Northern spring Bed Walla BARLEY July Aug. 6000 Sept 1 4800 No. 3 white . . FEED OAT8 No. 3 'blue ... " 4900 Feed ... 4800 .' - COBN No. 3 yellow ....6800 6030 4700' 4600 5800 Eastern corn in bulk: t No. 3 yellow ....6000 ' 5925 6800 COTTOS OPsSt MLAUI IT : w . ' A FRACTIONAL UECLIJTE Neve York, July 80. (t X. S.) The cot ton market opened steady at a decline of 699 point today. October waa in the beet demand tnd shortly after the (hart thowed a net gain of ' S points, compared with losses of 2 to 8 points en later poritacas. Selling was itfdueed by poor cables, favorable weather, eaay rates ot foreign exchange and bearish report from tex tile trade. Liverpool traded oa both aides of tb market, the South sold and epet bouses were fair buyers of the nearby delivery. Renewed speculation and Southern selling gv the lata afternoon a weak undertone. The close was barely steady at a net decline of 20 to 55 point. . - Spot cotton was qajet and unchanged ' her today at 40c .No sale. . f Month. ' Open. High.' " low. ' Close. January ...... 3030 3031 2970 2970 February , rt . .... 2953 March ....... 2975 2993 293S 2936 April 2915 May ........ 2938 2940 2900 2900 June ................. .... 2880 September .... .... ' 8340 October ...... 3220 "3330 3303 8202 November 3136 December .... 3098 . 3105 3058 8008 Llrerpool Cotton Steady ' ' ' Liverpool, July 30. (I. N. 8.) Spots opened in small demand, Pricea steady. Sales. 4.000 hale.. American mid. fair. 81.40; good mid.. 28.85; fairly full mid. 27.40; mid.. 26.15; low, 22.85; good .ordinary. 19.16; ordinary, 18.16. . Futures, quiet. - Sew TorkLoadoa Silver New Terk. July 30. (L N. S.) Commercial bar silver was quoted today at follows: Dom tie, unchanged at 99 He, Foreign, lie lower at 93 He London, July 80. (L N. 8.) Bar diver, Hd hjgber. at 6Hd. Kn Tort Metal Market New York. July 80. (I. N. 8.) Copper Dull: spot to September offered 1 ft H Led-r-Firm; spot end July 'offered 9.20 ; August and September, 9.05. . Spelter Eaay; (pot to October offered 7.80. ? v . . Kenr Terk Batter and Ergs ' 1? Vm, Xlw en t mr i .. --- - w . mm . d. f panel Market inn; creamery extras, 569 5$ He; creexa- - j - . wats w . u'.i, awnff r ncoruiK. 634 98t He; state dairy tabs, 48954HC vuause wvtv va QCHsasNa; WOOM milk tpecials. 27928c; whole nuik fancy. 23 Ha 26 He. Wisconsin Whole milk, fancy Xeuna Americas. 38 H 9 29 He. State k.wia ciaks,' 17918c; akimt, choree. 15t16fee: y-iz Market steady; aetrby white, faaey. ' 68iet.c; .u-aruy iiivsu, .:, , St.. riir . , ' J - Kan Franrlsco Orala Market a rranetaeo. Jury 80 MU, P. Barley $S60 92 'rS" C'BUJ e--": (hipping. R E SHOVN IIM AT HI New York, July 80. (U. P.) The New York Evening Sun financial re view , today -said r . The atocfc market had to proceed to day without the stabilising influence of the large short interest which had been present until yesterday, when It wad largely reduced by a general . covering movement Further buying for short account this ' morning, according : to the beat, opinion, was beld responsible tor the early bulge in prices, but after de mand from this source subsided ; the market failed to hold Its Improvement. Several weak- spot were uncovered In the leather, rubber and food groups today, but it was cause for favorable comment that breaks of two to four points in individual issues did not pre cipitate general selling. Price movements were extremely Ir regular during most of the session. . New York, July 30. (U. P.) Leading issues showed advances and a generally strong undertone oh a good volume of trading at the stock market opening to day. Practically all the steels showed fractional advances and oils were tn de mand. United States Steel opened at 89. unchanged; Lackawanna fiteel SO. up ; Baldwia 112; Canadian Pacific 121 H. off H: Sinclair 27 H, up H: Mexicaa Petroleum 188 H. no H : Cru cible 150H. up H; Studebaker 67 H, Vana dium 77 H . off i ; Reading 89 H . up H : Pan- American 97 H, up H ; Southern xtauway 2 H , up H ; Bethlehem B 85 H : Beplogl 80, UP 1H. . :'. Low priced rails were features of early trad ing: Southwestern common opened at 20, up H , and then ran np to 20 H . a new high for the year. Among the dividend paying . rails eouinern racinc waa up H at 93. Buying of industrials during the first hour was confined to the short interest. Bails were well bought. Studebaker was oft during early trading, lidln off to 66 H. In the early afternoon Central Leather was driven down to 68, off over 4 point from the opening. St. Louis Southwestern issue contin ued to hold .up while the rest of the hit was giving way. The raiding of industrials continued Into the afternoon. Com Product sold off S at 89 H. The market closed weak. " United States Bobber made a new low for the day in the last half boor at 86H. Mexican Petroleum sold off to 179 H. but rebounded to is i. me tow on (teal common was 87 compared with It opening price of 89. Furnished by Overbeck at Cocke Co.. Board o- 'ire tie building: STRO HDERTON OPENING I INSCRIPTION: 1 Open High Low Close i itaak Gold 1H THI l"H Allis Chalmers. ... S3 88 H 83 88 H Alloy Steel ...... 42 Am. Agr. Cham... 81 81 H 80 H 80H Am. Beet Sugar. . . 84 Am. Can. e...... 88 88 37 87 4. Am. Car Fdy 184H134H183 183' Am. Cotton Oil. 40-H Am. H. A L.. c 13 13 14 H 14 H Ara. InU Corp'n.. 79 7H 19H 77 H Am. Unseed, c... 73 73 73 78 Am. Loco., c... 98i 94 H 93 H 98 Am. Smelter, e.... 66 57 56 56 H Am. Steel Fdy.. . . 86 88 H 85 H 85 H Am. &uar. e . 119 119 119 119 Am. Sumatra Tob. 84 H 85 82H 83 H Am. TeL A Tel... 93 H 95 H 95 H 93 H Ara. Tobacco .... 200 201 H 199 H 107 ' Am. Woolen, a.... 82 82 H 81 81 H Am. Zinc 10H Ana. Mining Co... 53 H 58 H 53 H 68 H Atchison, c. 78 H Baldwin Loeo.. e. .. 113 USHllOHfllH Baltimore V Ohio, c 82 H 83 H 81 81 H Bethlehem 8. B 83 85 85 H 84 H Brooklyn B. Transit 10H 10H 10 H 10 Butte 4k Superior.. 20 20 H 20 194 Canadian Pacific... 131 H 122 H 119 H 120 Cent. Leather. c. 67 H 67 H 68 63 H Chandler Motor .T". 87 H 89 H 88 H 87 H Che. A Ohio..... 54 H 54 H 54 H 68 H CbL, Gt. W., o. . 8H 8H 8H 8H Chi.. M. A Sr. P.. 84 84 83 H 83 H Chi 4 S. W 68 H 68 H 68 H 8H Chile Copper ..... ..... . . j ...... 14 H Chino Copper ..... 38 Colo. F. A L ..... 81 Con. Gaa 75 H Corn Prod nets. e.. 93 93 H 88 H 90 Crucible Steel, e. .. 150 H 153 H 148 148 D. A R. G....... 5 5H 4H 4H Erie, a 12 13 12 12 Uaaton William. .. 10 H 1041 10 H 10 General Electric 14 H 14 H 14 H 14 H General Motors ... 23 23 23 H 22 H ;t Northern Ore.. 84 H 84 H 84 H 84 H Gt. Northern By.. 70 70 Vt 68 69 H Greene Cananca , . . 28 Gulf Bute. Stesl.. 55 H 56 65 54 ia Central ..... ..... ..... 82 H Ind. Alcohol 85 86 83 834 Ins. Copper ..... 48U 49 I48H 48H Int. Harvester ... 126 . 126 126 H 124 Int. Paper ....... 80 H 81 H 79 H 79 H Kcnnecott Copper . 244 25 24 H 24 H Int. Mer. Marine, c 39 29 27 H 37 H Int. Nickel ...... 17 17 17 H 17 H Lackawanna 8teel . 70 70 68 H 68 H Lehigh VaUey .... 42H 42H 43H 43H Mex. Pet. ....... 183 H 18H 179 H 180 Miami Copper . ... 20 20 H 19 1 9 Mid vale Steel .... 40 H 40 894 '39 H Mo. Pacific, c... 25H 25H 35 25 H National Enamel. . 68 National Lead .. .. 78 H 74 78 H 73 '4 Nevada Cons. .... 11 H 114 11 H 11H New Haven ...... 29 H 29 29 H 29H N. T. Central.... 68 H 69 68 68 Norfolk A Western ..... 88 W 88 H 88 Nor. Pacific ..... 714 71 H 71 70 H Pan. Am. Pet., c. 97 H 97 a 95 95H Penn. Railway ... 39 H 39 39 39 Pittsburg CoL e. . ..... ..... ..... 68 Pr. Steel Cr. e... 99 99 97 7 Ray Cons. Copper. 15 13 15 15 By. Steel Springs. 94 Reading, c. 89 89 88 H 88 Republic Steel ... 86 H 86 '4 84 H 84 Bock Island. .... 85 35 84 34 Sinclair Sons 26 27 27 27 Sloes Sheffield .. . . 64 So. Pscific ...... 92 92 Sl 92 go. Railway, c... 28 H 28 H 27 28 Studebaker, c .... 67 H 67 H 65 65 H St. L A S. Fran. . 24 24 H 24 24 H. Texas OU ....... 44 44 44 44. Texaa Pacific .... 88 88 87 37 Tran. Oil ....... 14. 14 18H 13 Union Pacific, e... 115 115 H 116 115 U. S. Rubber, e. .. 90 90 86H 87 tr. S. Steel, e. . . . 68 89 H 88 88 Utah Copper . .... 65 65 64 63 Vanadium Steel -VsJ7 77 H 70 76 Va, Chemical, c; i . 68 68 68 67 Wabash ......... 8 8 T 7 Willy Overland .. 17 17 H 17 17- Worthington Pump 63 ( 68 Hf 63 63 Ex div. -....."..! Total salsa, stocks.- 353,400. Total aales. bond:!. $9,518,000. . V FOREIGN EXCHANGE RATES Corrected dally by foreign exchange depart ment ol the United States National bank. ' Draft. Cable. pr Check. Transfers. Value, London -Pounds. starling ...$ 8.71 8 3.72 $ 4.8666 Pari Franc. 7.65 7.66 19.80 Hamburg-Berlin Mark 2.83 2.35 23.81 Genoa Lire. ..6.32 5.33 19.30 Copenhagen Kroner ... 15.75 -. 15.80 26.79 Christiania Kroner ... 15.75 - 15.80 26.79 Stockholm Kroner ,.. 21.05: 21.10 .. 26.79 Hongkong .Currency .. 76.00 , 78.50 , .... Japan Yen. - 61.23 61.60 . 49.84 bhangbai . TaeU ..... 1.07 1.08 ' Liberty Bead Saleg -(Furnlthsd by Overbeck' A Cook Co.) Liberty SHs ....90" -9104 9096 9100 tik.-. i. a. ism b.aa -1 - X www . owiv e)9U BS9, Liberty 2d 4s.-.'. .8436 .8856 8434 8430 Liberty, 1st 4(..8570 8973 8380 8560 Liberty. 2nd H (. . 8476 : 8484 84 60 8460 Liberty. 3d 4 (. . 8870 8870 8832 8880 Liberty. 4th 4 (. 8510 ' 8822 8604 8506 Victory. 4t "....9370 9516 9564 9570 Victory. 8t . . . .9370 8814 S368 9570 PACIFIC COAST BAKK STATEMENT Portland Bank Clearings Thi week. Year Ago. Monday , 8,998,803.94 ' 3 4.994.895.8S Tuesday .... 4. 887.838. 88 8,484.201.08 Wednesday... 4.980.306.64 4.482.347.09 Thursday ... 8.247.995.63 4.309,591.75 Friday ...... 3,940.067.33 : 4.690,806.87 - Spokane Bank n pa rings Fridiy 8 l,61.7!.oo Balances Friday .... , ; 696,974.00 - aeattle Bank Clearinga Friday ............$ 4.943.934.00 thsiancsa kxidsy .. . . . .... 827,261.00 8 an Francisco Bank Clearings Friday -,. . ... i .... . $28400.080.00 Los Angeles Bank Clearings Friday ..$11,167,232.00 HOGS AT $18 WITH A STRONG MARKET PORTLAND,, LIVESTOCK BUN - Hog. Cattle. Calvss, Sheep. Friday ..4.. ...... 269 85 .. 878 Week ago 88 . 66 .. 7 2 -weeks go. ..,.--' 200 26 .. 670 4 weeks ago. ...... 204 '847 Year ago ......... 808 108,, 2. 888 2 years ago..,..., 250 200 ' 43 200 8 year age....... 540 66 " 16 S68 4 years tf. ...... 474 - SO- .. - 119 ' Rogs were firmer and higher at $18. while cattle and sheep were generally steady, although one class ot lambs waa higher for the Friday morning trade. , Anothtr sigll ran in the bog alley for Fri day brought out the buyers t North Portland, with the result of aa 818 market for extreme top quality. Best stuff waa generally a Quarter above the previoui day. General bog market range: 1 Prime mixed .............. $17.23 9 18.00 Medium mixed ............ . 16.78917.25 Rough heavy ........... .V. 12.00914.00 Smooth heavy ............... 14.00 a 1 8.75 Pigs 1350 916.00 Valley Lame Higher Willamette valley lamb moved to $11 during the Friday trad at North Portland, only a email run being reported in the division. In general Ismbs of thi section were about ' 60s above previous quotation with the entire sheep . and lamb trade steady to firm. ; General sheen end lamb ran : East of mountain lambs... , . ,$11. on Qt 11.50 Valley lamb 10.00 9 11.00 i;uii lamb . , Yearlings . . . , Wethers , . Ewes . . . , e.ooe s.oo 6.00 9 6.00 9 3.25 9 7.00 6.60 6.00 . - Oattle Oentlnue Steady - ' Friday arrival in the cattle alleys at North Portland totaled but 85 head, a rather email run. Hales were mad at foraoer prices. Gen eral trend of the trad was fully study. - General cattle rana-e: Choice grass steers . . Good to choice steer ....$10.60 911.00 . ... 10.00 10.50 .... 9.00 910 00 Medinm to good steer ....... Fair to good steer .......... Common to fair steers........ Choice -row and heifers. ..... Beet feeders . . . , ,., i. ..... . . Fair to aood. Good to cooie cow and heifers Medium to good cows snd heifers Fair to medium cow and helfert Cannon . . ........... Bull . . 8.25 9 9.00 7.00 9 8.23 8.60 8.00 T.50 8.00 7.00 6.00 8.C 00 9 7.60 9 6.009 7.00 9 e.oo is 6.009 ' 3.00 9 8.75 9 4.73 4.75 Choice dairy calves Heavy ealve .... Best light calve . . 18.009 15.00 7.00 9 9.00 11.5,0 918.00 Thursday Afternoon Sale STEERS No. A. lba. Price 1 No. A v. lbs. Pries 2.... 1000 S 6.00 44.... 987 S 7.00 1.... 800 7.50 1 1,... 830 7.50 COWS ' 1.... 790 8 6.50 8.... 813 8 7.25 . 1 880 7.30 I ' ' BULU 1....1S20 3 5.50 . HOGS ? 8...? 217 $17.75 8.... 18 $15.75 1.... 310 15.75 1 240 17.75 4.,.. 190 17.75 2o5 15.00 2.... 800 15.75 ' 4.... 283 13.50 26.... 211 17.00 64.... 172 17.75 - 1.,.. 880 15.75 .... 128- 16.75 2.... 285 k.B0 1..., 160 17.75 2.... 195 17.75 9.... 155 17.75 10 187 16.00 LAMBS 4.... '' 82 9 8.00 ' 18.... 100 $10.00 7...'80 10.00 30.... 73 7.50 13.... -83 10.00 20.... 67 .7.50 16.,.. ; 70 6.50 , - EWES 8.'... 176 $ 4.00 I 63..... 105 $ 8.00 18.... 103 3.00 I YEARLINGS . , - 20.... 109 $ 4.50 2.... 85 $ 4.50 . .,; '-- BUCKS 11.... 1S3 9 8.50 : Friday Morning Sales HOGS 2 . . . . 1 70 $17.75 1 ',: 14. . . . 208 $18.00 82 ... . 177 18.00 1 . . . . 820 15.60 . LAMBS . ' S3.... : 88 11.00 120.... 86 $10.00 8.... 68 8.60 1. ... 70 , 8.50 124.... 75 11.00 10.,.. 88 11.00 8.... 106 9.50 4.... 117 9.50 7.... 61 8.50 ... EWES' 13.... 106 $ S.0O I 5.... 133 $ 4.25 17.... 114. 4.25.1 ' TEAR LINGS 27.... 110 $ 7.00 t ' WETHERS '3.... 165. $ 6.80 ' BUCK SHEEP 2.... 200 $ 8.60 -'." COWS 1..,. : 90 8 6.60 4 1.... 760 3 7.00 CALVES L.... 480 8 7.00 AMERICAS' LITESTOCK PRICES Oh lea go Hogs g16.fT Chicago, July 80. It. N. 8.1 Becelpta 18.000: steady to 10c higher. Bulk. $15.85 916.00: top. $16.10; heavywmgrrt.. $14,609 16.63; medinm weighth, $15.00 916.10; light weight, $15.35916.10; light lights. $l,O09 15.85; heavy packing sow, smooth, $13,75 9 14.35: pecking sow, rough. 813.23 913.75; pigs. $14.00 915.40. Csttle Receipts. 6000; steers, steady to higher! butcher cattle, steady. Beef Steers- Choice and prime, $16,009 17.10: medium and good, $12. 50 1 6.00: lightweight. $14.76916.76; good and choice, $14.75 916.75; common and medium, $9.30 914.75. ; Butcher Cattle Heifer. $6.00914.75; eows, $5.60 912.00: bulls. $6.00 911-75. Canner snd Cutters Cows sod heifers, $4.00 9 6.00; canner steers. $4.30 9 7.25; veal calve (light and handyweight) , 817.00; feeder ateera. 88.00911.75; 'Mocker steer. 86.23 9 10.00; Mocker cow and heifers, $5.00 & 8.50. Sheep Receipts. 11,000; generally . steady. Lambs 84 lbs. down). $12.00 915.40; lambs (culls and common), $7.50 911-75; yearling wether, $9.00918.00; ewes (culls and com mon). $3.00 96.00. - Omaha Hog S1B.B0 Omaha.: July 80. (I. N. S.) Hoss Re ceipts 8000; steady; lower. Bulk. 814.00 14.76: top. 815.50. Cattle Receipts 1800: generally steady. - Sheep -Receipts 500; lamb fully 25c lower. Best Jkmba $14.50. No more quoted. Kansas City Hogs 318.68 Kansas City, Mo.. July 30. I. N. 8.) Cattle Receipts 1500. Steers. $9.00916.00; Cows. $6.00 911.00; stockers and feeders. $5.00 913.00; calve, l).OOvli.0. Hogs Receipt 600. . gale $15.50 91( 65. Sheep Receipt 600. Lamb nominal.-$14 915.. Denver Hog Market DMnverJuly 80. 10. P.l Cattle Receipt 75; steady. Steers. $9.00 914.00; cows snd heifers, $7.25 9 9.75; Mocker and feeders, $7.00 9 8.50,- calves, $8.00 912.00. Hogs and sheep No market. ' - Seattle Hog $18.28 Seattle,5 July 30. rl. N. 8.) Hogs Re ceipt. 83; steady. Prime lights, $17,60 9 18.25; medium to choice. $ 1 6 50 1 7 60 1 rotwlr. heavies, $15.00 9 16.00; . pig. $12.50 14.09. Cattle Recetpte, 45; ateady. Best steers, $11.00911 50; medium to choice, $9,309 10.5O; common to good. $7.00 9 8.60; beet eows and heifers, $8.60 9 9.00;. medium to choice, $7.0098.60; common to good, $5,309 6.50; balk. $5.60 9 6.50; calve, $7.00 914.00. Sheep Receipts, 670; weaker. Yearlings $8,0 9 9.00; wether. $6.509 7,60- ewe. $6.00 9 6.60: eastern cpnng lamb. $13.00 913.50; eulls., $7.60 9 9 00; valley lambs. $10,009 11.60. - Foreign Exchange Market New Tork. July 80. (V. P.) Foreign ex change Quotations were easy at the opening to day. - - -' -- Demand sterling opened at $3.71 . off 1 H ; frsncs, demand. ,0763, up .0001; lire demand, .0531, up .0001; marks, demand. .0232. np .0004: Canadian dollar,. 3-8825. ' Demand sterling made a new low on the move at $3.70 H. off 2Heent net. Foreign exchange was steady at tb close. , Demand sterling was 83.71. off 1; franca, demand were .0761, off .0001; marks demand were .0231; cables .0238, up .0003; tire de mand .0253, up .0002; Canadian dollars .8850. Money and Exchange -New' York. July SO. fl N. a.) Call money on the floor of the New York Stock Exchange to day' ruled at 8 per cent: high, 8 per cent; low, 8 per cent.'" 'J'ime. money was firm.. -:..' "':' Kates were 8H 99 per cent. ' The market for prime mercantile paper was steady..'"". Sterling exchange was weak with bnsi&ess in ' bU at 8.70 for demand. I HELPS SELL STOCK By Broadan,V8ll New York. July f). Stocks ad vanced aharply throughout the en tire Hat , Thursday .and closed with material net gains.- .Renewals were at 8 per cent, but a 7 per cent rate ruled for occasional loans. The buying waa largely for the account of shorts, but there waa a wholesale cancellation of Belling orders, which cheered the street mightily. The close was strong at about the best prices. ... The statement made by governor Harding of the federal reserv board had much to do with thla Improvement of the-market. Another reason for optimism was the report from Washington that the I. C. C would announce the rate decision this week, giving 80 per cent of v hat the roads demand , and : also providing for the wage increase recently made by the labor board. " There has been good buying of the railroads. The - movement Thursday was under leadership of Reading;,, which advanced oer two - points, from the low of the day. - With it went Atchison, Southern railway. Southern Pacific, st. Louis or Southwestern. Frisco and many of the so-called low priced rails. Official announcement came from Mexico of the- surrender f Villa, and" the result was good buying of all Mexican stocks, particularly of the petroleum " shares. Stockholders of American Refining and Smelting should also be optimistic over the Mexican situation, for both tha com panlea have been Interfered with by the bandits, who are now about to vleld fro law and order. v x Corporate Finance Breaks IA11 Records, Says Street Paper During the first six months of 1920. corporate financing in the United States broke all records, both as to number of new securities floated and the amount involved, according , to the Wall Street Journal. "The aggregate of new' securities is sued in the first half of the year reached the enormous amount of I2,117,oe6,470, as against $1,124,475,315 In the same period of 1919. In the full year of 1919, total financing aggregated $2,944,888,000. which was the high record figure up to that time. Financing may drop off con siderably during the balance of the year and yet set up a new high record for 12 months. "Some experts on money conditions are of the opinion that from now on les sening of demand for money for Indus-, tries will 'have favorable effect on In terest rates." . Cheerful View; Due To Federal System Bankers take a somewhat more cheer ful, view of the autumn- outlook for the money market. They believe they will be able to get by that season without acute discomfort, although there will be no money available for frivolous uses. The difference between-the present situ ation and conditiona prior to 1914 is that, under the federal reserve system, if there is' a surplus of funds anywhere in the country, they can be made available for the region where they are most 'needed. Under the old banking system one part of the country might be in desperate need of. : accommodation, while other parts, with surplus funds on hand, might clamp down the lid and refuse to give aid. ' . - - " , ' Anglo-French Loan Payment .Assured For some time past Great Britain has been shipping gold here in anticipation of payins the $500,000,000 Anglo-French loan, which matures next October. This is supremely significant evidence, of the present psychology of the British and French peoples of their determination to meet their financial obligations in full, arid promptly. It bespeaks volumes lor the amazing progress that England and France have made in the last year and a half, for otherwise they could not prepare to -discharge ao large an ob ligation. ; . -';:' S. F. Bank Buys Port Of Astoria Bonds The Ralph Schneeloch company and the Anglo & London. Paris National bank of San Francisco, bidding Jointly, pur chased $200,000 Port of Astoria five year 6 per cent bonds and were given a 10 day option on $200,000 additional bonds. The issue will shortly be offered to in vestors. - The proceeds of this issue will be ex pended by the port district In completing the port facilities already initiated. Incorporations Supplemental articles of incorporation changing the name of the Bankers' Mortgage corporation to that of the Liberty and Victory .' Bond Headquarters Qur direct wires to all leading cities enable us to fill orders for any issue or any amount quickly, HERRiN & RHODES inc.- s esTABUSHeo ies. . STOCKS and bonds; Railway Exchange Bldg. Mala 283 Seattle Portlaad Taeoma Stocks, Beads, Cettow, era! a. (ta, 114-812 Beard ef , Trade . BaHdlag OyerbecK&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES Htmbert Chicago Board ef Trade Cerreepoadoats mt Legaa Bryaa ' " . , Ckleage :.,', Hew Terk - DER Bankers' Discount corporation were filed Wednesday with the Multnomah county cleric The directors signing the articles were J. W. Siemens. Frank A. Rowe, Fred W. Falconer, William O. Tait, W a Ferguson, Jay H. Dobbin, Edgaf1 W. Smith. J. F. Daly, R. & Howard, A- F, Poley, Robert B. Smith, J. R. Blackaby, C. J. Smith. 8. F. Wil son. ... .'.-.. t Early July Sees Firm Foreign Rate Foreign rates held rather firm during the first two weeks of July. During the past 10 days considerable weakness has been rnanifeated, due to Increased offer ings f Import bills. "In connectloa with the probable future trend of flota tions," states a prominent Pacific coast banker, "while admittedly economic con ditiona have shown material improve ment both In Great Britain and the con tinent during the past half year, it , Ljt well to reckon that .henceforth until the end of the year export bills drawn upon Europe will be heavily offered. Theae bills, which during normal times relate to the current year's exports, doubtless will be augmented by offerings of bills relating to 1919 exports the negotiatloAJ of which was deferred by ahlppera owing to the sharp downward breaks of last fall and winter. 'Interest recently ; has been, centered In French, Italian and German ex changes. The redemption of two mil lions of French treasury bills on July 7, when international operations were comparatively quiet, added, to. which were large sales of French securities in London for remittance to Paris, were bullsh factors and resulted in francs ad vancing to 11.60 two weeks ago. since when In seeking its level the rate has re ceded to 12.35." Swiss Loan Money ; Will Stay in U. S, Business in this country will benefit by the disposition of the proceeds pf the recent $25,000,000 loan to the gov: eminent of Swltxerland. which was en tirely subscribed within a short time after the offering was announced. The money will be spent in the United States markets, chiefly: for electrification and general Improvement of Swiss railroads. Despite the high interest rates prevail ing here, the republic chose to place the credit where market conditions will permit the. purchase of materials with out delay and with a minimum sacrifice on exchange rates. . Dried Frnlt and Beans m New Tork, July 80. (I. N. 8.) Beans Market steady. Marrow choice, $11 50; pe choice. $8.00; red kidney, choice, $17.60. Dried Fruits Market firm. Apricots, estra choice to fancy, 29 87c: applea, evaporated, prune to fancy, 11 9 18 He; prunes, 80s to 60s, 17 H 9 26c; prune. ttOt to 100, 1 1 H 9 16 He; peach, extra choice to fancy, 19 H 9 21 He; seeded raisins, choice to ncy, 3H 925c. " CITY OF Dated June 1,1 91 9 8 Yield - Denomination. $1000; Price, lOOj Yield, 6 Principal' and Semi-Annua! Interest Payable in New York or at Morris Brothers. Inc. Property valued at approximately 3,000,000, secures this Issue. Buhl is recognized as the most up-to-date city in eastern Idaho 14 miles from Twin Falls. Bountiful varied crop's reinforce the values. Telephone or Telegraph Orders at Our Expense Morris Brothers, inc. Between The Premier Municipal Bond House. Telephone ith and 6th ..stabilised Qesrler ef a Centory. . Broadway Streets. Morris Bldg SOt-tl 8tark 8U . , ,11.1 ' capital,- ii,eoo,eoe. 30 Increase The average increase in the population of these four wealthy counties during the last ten years means much because agricultural districts are producing territories and growth of population comes only with development of their resources. - - , :. -: . . . c The Rapid Growth of Yakima, Lincoln, Adams and ' "' ' " y - Whatcom Counties, Wash. Should be considered as another element that makes for the general excellence of their & General Obligation Bonds Priced to Yield 6 Net Bonds due 1921-35 -. Dens. - ' $250, $500. $1000 Legal Investments for Savings Ban kg in Ore., Wash., Calif. Order by phone, wire, letter or call. ""J UxdstisQrMsloavOi BONDS TRUSTS ACCEPTANCES . Lumberment Eldg. - Business Variation - Reported; . Bulletin ; Of Board Statement The July bulletin of the federal reserve board, reviewing business conditions throughout' the country, states that there is considerable variation in business con ditions, taking the oountry as a- whole. In ' agricultural production tha report .states that there haa been a perceptible improvement-in prospects, due to season al weather, good distribution of moisture and the replanting of crops. In manu facturing.' however. States -the report, condltlonsrare In soma districts reported as chaotic ranging from extreme optim ism to equally extreme pessimism. The railroad situation has been some what Improved, but aa yet not sufficient ly to warrant a belief that the effects of the breakdown have been overcome. There Is still a great congestion of goods, states the report. In the retail trade. It is reported. .there is evidence of a de creased volume of demand tn many parts of the country, although the decline Is eeaeonal. Quite generally there la a tendency to settle down to a readjustment basis and to proceed with business upon the new level of prices and demand. As for the control of credit It Is stated that dis crimination against non-essential and speculative borrowings la producing; re sults, although these are reported "to be developing themselves gradually. Thousands Send in Application for War Insurance, Converted A total number of 162.971 applications for converted insurance hav been ap proved by the bureau .of war risk in surance, according to an announcement by Director R. G. Cholmeley-Jonee, who is making- public at this time figures ot a preliminary : report on United States Government life insurance, prepared in the insurance division of the bureaujor the period ending June to. 1920. The totals amount covered by these converted policies is $511,821,600, and classified aa to the forms of policy of fered by the gfovernment, the converted Insurance is distributed as follow-. Ordinary life ...... 17.482 $ 77,9.000 20-payment life .... 45,:o J2,830,no JO-payment life .... 4.114. ' 19.$ft9,&n 20-year endowment . 71.011 ; li.27.0OO 30-year endowment.. 8.925 35.85S.BOO Endowment at asre 63 6.189 27.516.000 The total amount of premiums received on this Insurance, Including monthly, quarterly, semiannual and annual, was $10,135,657.28. Jap Bonds Quiet Japanese bonds listed on the New Tork exchange have failed to keep pace with the upward trend In foreign govern ment loana, which has been generally pronounced during the laat three weeks. Depressions In Japanese Issues doubtless have been due to business disturbances In Japan In the last few months. ! $6000 BUHL, IDAHO Fire Department, City Hall, Improve ment and Water. Bonds General Obligation Tax Exempt - Due Serially 1930-34 INCOME TAX EXEMPT
