OREGON DAILY JOU RNAL, PORTLAND. OREGON
13
LOW GRADE SALMON TOO CHEAP FOR OPER ATING, THIS FALL.,-"S&-
STOCKS BECOME BUOYANT AGAIN
THURSDAY. AUGUST 12, ! 1920. .
BUTTER ADVANCE A
VERY BIG SURPRISE
The advance of. 2c a pound In the price
of creamery butter which went Into ef
fect at the openelng- of the flays trade,
which waa announced in the Thursday;
morning ; edition, take the general trade
by surprise, j s !
The feet that tbs markat here had been
extremely weak and almost stagnant for enbes
for an eitended period, scarcely indicted that
there 'was! oceerion. for the advance bow in ef
fect. Feet of the matter i that the creamery
neo ' ere i anticipating . shortage of of ferine
rather than reflecting an cruel shortage st this
time 'l 1 ' '
Then again butter makers ere getting tired of
losing money on tbeir product. The price of
rnitterfat wee advanced eonie time - ago when
there w.e no justificstion for it. while the price
of bntter then held unchanged. Now things
here been .evened up by the. advancing of butter
and allowing fat to remain unchanged.
. Those desiring special information regarding
any market should write the Market Editor
Oregon Journal, enctoting (tamp for reply. .
3EOO) TRADE SHOWS 3fO CHARGES
Trade la the egg market in showing no clung
for the day either s regards demand or price,
lteeeipta are limited. but quality U demoralising.
Lasses are now the greatest of the season.
VEAL j TRADE IS DEMORALIZED
: Teal market trade continues demoralised even
. though receipts are scene Little of the stock
arriving is of good quality because of hot weather.
Ii is not advisable to ship on this account. Hogs
steady.; -,f , . s: - . ,
!':;. ' . '
CANTALOUPE PRICES ARE HIT
A other severs beating wsj given cantaloupe
prices during the day with huge stock, now on
the tracks here. Standards are selling from
2.00 tor 12.75 'per crate, according to quality
and aizorof purchase.
COOKIKCr FATS ARE DOWJT AOAHT
Another sharp decline in price ' is noted fur
cooking fat. Manufacturer of Wessons Oil an
nounce a cut of OSc to tl.iS per case in tlie
termer price and other product are expected to
be affected.
; POTATO TRADE STILL UNSETTLED
Unsettled trade ia showing in potatoes here snd
H will likely be a week or two before prices are
' well established. In the meantime there is
quite fair offering by prpducers.
BRIEF WOTES OF PRODUCE TRADE
' Peaches are scarce and prices hold high.
Page es Son report in car apricots from Wen
atehee. i .
, Spring chickens slightly easier; others steady.
SI net tomato- sales being made at SI. 00 a box
for beet.
Wild blackberries ere being sought by the
trade.
"WEATHER NOTICE FOR SHIPPERS
Weather 'bureau advises: Protect shipments
during the next 89 hours against the following
maximum temperatures: . Going north. 82 de
grees; northeast - over Spokane. Portland
Seattle railway, 88 degrees; east to Baker. 88
degrees, and south to Ashland. 96 degrees. Maii
ioum temperature at Portland Friday, about 88
degrees. :
" ! -N ' ' " m i
WHOLESALE PRICES 1ST PORTLAND
These are prices retailers pay- wholesalers, ex
. espt as otherwise noted:
. ' Dairy Products
BJITTIR Selling price, box lots: Creamery
rrime, parchment wrapped, 5 Be lb. : prime firsts.
7o lb.; firsts, 66c lb.; amaller lots at an ad
nce. Jobbing prices: Cube extras. S4e;
firsts. 52c. i :
BUTTERFAT Portlsnd delivery basis, etc;
country stations, i ff. T 08c
0KOMARGARIfE--Bet brands. 40c; ordi
nary S3 He; bakers, SSc; nutmargarine.. 1-lb.
caxtmw.' 82a per lb, . ,-
CHEESE Selling price: TUlamook.- fresh
Oregon, is ncr tripleU, 82 83c per lb.; Young
America. 84 85c. Prices to jobbers, f. o. b.
Tillamook: Triplets, 29c; Toung America. 80c.
Selling prices: Cream brick, 40 42c Selling
price: Block Swiss, 48 & 49c; limburger, 40 0
42c per lb.
1U1G& Buvtec erica: Current receipts.
47c; i candled, selling price. 62c; select. 54c 1
per doren. e
HVB POULTRY r Selling price: Heavy hens,
27c: light hens, 13 18c s heavy springs, 29c;
old roosters, 10c per lb.; turkeys, live, ( ) :
ducks. S530c lb. ;
" i Fresh Vegetables and Fruit
FRESH FHt'IT Orsnges, $6.75 7. 50 per
box; bananas, ll&12o lb.; lemons. 84.50 0
f. ID .r orate; eraoefruit. 84 004.60: can
taloupes. California. 5.00 6.00; Malaga frspes
$4.00 r crate: seedless erspes. .Sf.
fornia peaches. 11.75; Oregon, Sl.S0r,75:
peach plums, $1.50 crste; peers. $4.50 0 5.00.
IiHIED FRUIT 'Dates, Dromedaries, $7.80;
FanK $4.00 per box: figs. $2.50 5.00 box.
ONIONS Selling price to retailers: New
Walla Walla, $1.50? 1.75; garlic, 23e per lb.;
green onions, 25 & 40c dosen bunches; onion
set. 17 lRc lb.
POTATOES -Hailing price: Oregon, fancy.
: l3Hr. -
BERRIES Strawberries. $8.75 per crate.
YEGKTABLE8 Turnips, $8.50 sack: car-
; rots. $4.00 sack: beets., 60c dozen bunches; let
tuce. $1.651.75 crste: cucumbers, 25 60c
box: tomatoes, 75c $1.00; egg plant, 10c
pound; broccoli. ( ); bell peppers, 17 He;
celery. $1.75 dozen; string beans, S4e lb.'
Meats end Provisions
COUNTRY MEATS Selling price: Country
hogs, 24o lb. i for top blockers; heavy, 18c;
veal. SS023ttc; neavy veal, lGe lb.
SMOKED MEATS Ham. 414tte per lb.:
breakfast bacon. S3 58c; picnics, 25o per lb.;
; cottars rou. sse per in.
LARD Kettle rendered, 26c lb.; standard.
3a Me; tierce bun, compound. 21e.
Fish and Shellfish
FRESH FISH Salmon, fresh Chinook, 17
.18c lb.; Halibut, (resb. IJMIKc per lb.; stur
jgeon. ( ): black cod. 10llo lb.; kippered
.salmon, 12.90 per ill ID. basket; kippered cod,
$2.85;raaor clams, ( ); crabs, $2.7593.75
dosen; ling cod. tt W 8c lb.
: . Orocerles
SUGAR Nomina. prices, refinery baaia:
Cube, $22.10; fruit and berry. $21.25: D yel
low $20.65; granulated, $21.25; extra C,
$20.80; golden C. $20.75.
HONEY New. $7.00 7.50 ease.
, RICK Japan style, No. 1, 12c; New Or
leans bead. ) : Blue Rose, 14 Kc per lb.
SALT Coarse, half ground, 100s, $17.25 per
ton: 60s. $18.75; table dairy, 60s. $27.25;
bales, $3.80 4.00; fancy table and dairy,
$30.50: lump rock. 826.50 per ton.
BEANS Sales by jobbers. Small white,
THe lb.; large white. 7s lb.; pink, 8 He lb.;
limaa. 12 He; bayou. Hc; reds, 10 He; Ore
gon beans, buying prices, nominal, 6 He lb.
CANNED MII.K Carnation. $6.50; Borden,
$8.50; Aatov, , $6.40; Eagle. $12.35; Libby.
$6.50; -Mount Yeroon,. $8.40 per case.
COFFKJC Routed, 8448o in sacks - or
drums. !
SODA CRACKERS In bulk. 20e per lb.
NUTS Walnuts. 85 40c per lb.; almonds,
88c: filberts, 82c in sack lots; peanuts. 14 H
15c; pecan. 25c; Brazils, 85c
Rope, Palnu, Oil " t
ROPE SlsaU dark, 18 He;. white, 20o lb.;
stsndant Manila. 2Hc
. LINSEED OIL Raw, bbls.. $1.83 gaL;
kettle boiled, bbls., $1.85; -raw. cases. $1.98;
boiled, cases. : $2.00 gallon.
i COAt. OIL Pesrl or water white tn drums
or iron barrels. 17 He gallon; eases, SOo per
gallon. " - i .
OASOLINl: Iron barrels. 29 30c; : cases,
41 He; engine distillate, iron barrels, 16c; easeK
16 H c. I - . , -.!.-.,..
WHITE LKAD Ton lots.. 15c; 800 lbs.,
13 He per lb; ' V . -
TCEPKNTINE Tanks. $2.28: cases, $2.41;
10 case lots,! lc less.
l Hcpt, Wool and Hide .
HOPS Nominal, 1919 crop, 70e per pound.
. HIDES Salt hides (all weights), lie; green
tail weigntsi, vc: green or salt calf (un-
i" jwewni, icoc; green or salt kip (15 to
dry hides. 20c; dry salt hides. 15c; dry calf
(under 7 lbs ). 25c lb . . f -
SALT HORSE HIDES (Large). 84 each
r,?e.h0fa."Kmr salt n?ree
PELTS Dry fine long wool pelts. 15c; dry
. rz?-J.. hi , S?It lo? ol Pelts. 32.60 9
ruTA,.r"' ,T?r pe'Ja o75e each: salt
jiuiiu(i, aaoavc nqn; LAlt Clippers. 15
25e each. ! - -
MOHAIR Long. 25e: short ifc- .
v W2LLri A!iI GBEASE So. 1 tallow. 7e;
CAtiCABA BARK New peel, 100 pr ft.; aM
- peel. 12c per lb, ,
'MAHK.ET
After several day of weary delay,
due , to the : chanted schedule of I the
steamer bringing supplies from the pali-
rornia refineries, the lower priced sugar
Is jet Iaet!belnr offered to the public
Fdr several dayst there has practically
bn a famine of sugar In the Portland
market, but the situation is now! re
lieved and there Is. todav nlentv of sitoclc
in eight for all requirements. 1 -
rne pubii will be given a chance to
purchase the: last of the apricots of, the
season. A. carload arrived durine. the
day. j The price-is extremely ( high land
the quality is only fair,. f !
Cantaloupes are today cheap enough
fort anyone to eat and the public should
now get its fill. Quality is generally fa
orable. i : ; ,
Watermelons are' also slightly cheaper.
, Peaches are scarce and high prices
continue and are likely to renjain dur
ing the rest of the season.
The following prices are sversge ones i am
ranters are expected to pay retail stores. Qusl
Hy quoted is sverkge.l fancy stuff being slightly
higher and inferior stuff fractionslly lower;.
Butter Best creamery. 6466e. I
Eggs-'-fresh laid, i 60e " dozen; fancy fresh,
6B per dosen. -I I
. Poultry Chickens. I dressed, 8040e per lb.
Fish Salmon. 25cl per lb.; halibut. 80e lb.
Flour Best local patent, $3.20 4. 30 per
sacs 49 pounds.
Potatoes Burbanks. 4 H 95c
Onions TMed. 3 H 4e lb.
Htrawberries Oregon. 20c per box.
t- Raspberries -Locsl, 20c per box.
lxganbeiTies-i Fancy. 15e.
Blackberries 15c per box.
' - - - I ,! -1 t '
Valley Lambs Are
50 A Cents i Lower;
; j Hogs Also Down
FAIfCT CATTLE COME
IE. 8.' Dement of Myrtle Point had In
a lot of 28 steer! that showed extreme
quality during the; day. Mr. Dement is
aid to he leading the efforts to have
the Willamette valley produce tiptop
cattle. j i - - :
Of the! lot 26 steers, averaging 1 1108
pounds, west at 810.23, a premium of 2Se
ever the extreme top of the regular mar
ket. ' ! : ; i i
CHEAP SALMON IS
Thursday . .
Week ago ! . .
2 weeks ago.
4 Weeks ago.
Fear ago , ..
2 Drears ago,
3 jyears so.
4 Drear ago .
PORTLAND LIVESTOCK RUN '
- Hntn. Cattle. Calves. Sheep.
805 j 102 i 000
I 84.
91
183 !
$81 j
160
247 :
200
"84
863
180
08
80
3
... .
128
9
4
1T61
109
617
698
120
45
1645
Off grade cattle continue under pres
sure at North Portland, hogs are about
lSe off for tops while Willamette valley
Iambs are lower, i
in the : cattle alleys it develops that pone
quality is finding unwilling buyers. Even the
present low values are unable to force buyers
into the alleys for this class of stuff, i Good
stuff is finding fair favor; at prices printed, but
in (general there is little snap to any branch of
the rattle trade. I
Ceneral cattle range:
Choice grass steers .'...,.....$ 9.00 10.00
Good to choice steers 8.00 9.00
Medium to good steers 7.00 g 8.50
Fair to good steers 6 50 7.00
Common to fair steers 6.00 6.50
Chetee cows and heifers ; 7.00 7.50
Good to choice cows and heifers. 6.00 6 7.00
Medium to good cows and heifers. 6.O0
Cannera , I . . .i 2.00 & 4 00
BuIU ..................... . 5.00 9 6.00
Cfcoioe dairy csttle. .i . . i 18.00 15.00
Heavy calves 7.00 9.0O
Best light calves .... ...... .'. 11.50 13.00
Beat feeders ix. ...... 7.00! 7.50
Fair to gcd feeder steers i ' 6.00 1& 7.00
Faar to good . 5.75 7.25
I ' Swine Prices Lowered j
In the hog alleys even the small runl shown
fori the Thursday trade j failed to check the
Weakness in the anarket. i Values on tops were
about 15c lower but others were unchanged.
Continued weakness snd price loss in the east
are the factors.
General bog market range:
Prime mixed I. . . ..... 81 8.00 18-.S5
M fid mm mixed .... .1. .. !. 17.60 18.00
Rough heavy j :. . . j 12.00 14.50
Smooth heavy. L 1S.8016.50
Pigs , ... .. 18.60 16.50
. Valley Lambs Lowered j
Another half dollar has been forced off the
price of Willamette valley lambs with the ex
treme top for the day at $9.50. Cull, lambs
are also lower. : it'
There waa another liberal run in the alleys
for Thursday. In general mutton is steady
despite the weakness in lambs.
ienerai sheep and lamb range:
East of mountain lambs 3 0.00 10.00
Valley lambs . . . . . i... . , . . .
Cull lambs ..............
Yearling ..
Wethers .................
Ewes ....... .'
-Wednesday i Afternoon Sales
. ; STEERS
Nd. AveJ lbs. i Price. 1 No.
1. ... 810 $ 4.50 i 1
COWS
HARDER TO SELL
By Hyman H. Cobea
Because of the very poor market and
price outlook it Is now 1 practically cer
tain that none of the Oregon canneries
will pck fish during the fall season.;
- While there is a very Hbesal demand at: full
prices for the better grade eteek such as Cw
rombia. river Chinook. Alaska reds and Paget
Sound aockeyes, other grades are weak and de
pressed. For the better class stock the season
bas ended so far as packers' salts arc concerned,
all of them reporting having sold out their
probsble output with some orders likely to be
unfilled. ., j
A report from the far south says that a big
Eastern packer and a Puget rouad opera to are
offering chums at $1.10 per dozen, coast de
livery, This is somewhat under the low prices
that the trade here haa been asking. Most
psckers hare been asking $1.25, but now ap
pear willing to sell at $1.15. At this pries it
would be impossible to peek as it is said to be
simply cost of packing with : no allowance) for
fish. ,
' The pack of salmon to date along the! Co
lumbia will likely reach about the same .totals
si a year ago, according to Robert S. Farrell of
Everding A. Fan-ell, owners of the Pillar Hock
Packing company. Some runners are short.
while others have a trifle mora than a year ago.
i ne pec oi anad has only been sbout halt
that of a year ago. Packers are asking $1.23
a dozen, but it Is understood that they will let
go at the same price as chums, providing they
secure firm offers.
RALLY IN SHARES
AFTER THE START
New York, j Aug. 12, (L Nil a) The
stock market closed heavy today. U. S.
Steel droppedifrom 87 to 88, land Bald
win Locomotive fell over' 1 jj point to
Mexican. Petroleum declined 3. points
to 154. and Texas company yielded 1V4
to 434. Pierce-Arrow, after moving up
2 points to 46, reacted to 88H.
Reading fell over 1 point "to 87.
Government bonds, 1 unchanged ; ratl
way and other, . bonds, steadyLj .
EXPORT DEMAND IN
WHEAT EXPECTED
HOW WHEAT BULED
. ' . ' Bid
Blse
Hard white ...... 83J4 4e
Soft white C-89 le
White club tJit le
Hard winter 2J8 le
Red winter .. .2J7 le
3Tor spring 2-88 Se
Bed Walla 2418 - le
NORTHWEST GRAIN RECEIPTS
Early Prices in -Wheat
Market Up
In Chicago Pit
Chicago. Aug. 12. (li. P.) The 1 in
volved political situation in Europe,
coupled with reports that the wheat Crop
in Russia had been reduced half! by
drouth, was a bullish factor in the grain
market today. Wheat ; showed a sub
stantial gain from the start, while corn
and oats advanced appreciably after an
early sag. . ',
December wheat ' opened 2c higher at
240H and gained an additional 4c at
the close. March opened at 243, up lc,
and closed at 24S. 1 .
September corn, after opening un
changed, gained 4c and closed at
152. ; . . - -1
December - opened offj , tut later
gained 2. i
September oats opened at 724, off ,
and closed at 72. '! !
December opened lower at 70,
closing? at 71 4.
Despite a lower hog market, provis
ions were higher..
Chicago. Aug. 12. (L N. 8.1 Wheat
started 1 Vi to 2c higher for December and lc
up for March, with very light trade and ; lim
ited foreign offerings. j
With a light trade corn i opened unchanged
to c higher for September and He lower to
c higher for December.
With a scattered and featureless trade, oats
opened H0e lower. The general disposition
to await developments. Provisions started
slightly lower, with little scattered selling en
couraged by cheaper hogs. ; j
New York. Aug. 12.-(L N. 9-) Stocks
sold off slightly at the opening today.
Most I Steel common lost .( dropping to 85.
Betnienem is was orrerea r to tv ana
later went to 69. General Motors was
an exception to the general trend, being
up to 20. - ! (i
Beading was off at 87. New York Cen
tral was down K at 70..
Mexican Petroleum dropped over 8 points to
158 and Pan-American Petroleum was down 1
to 79. - i - .. I .-
The recessions continued for nearly all of the
first hour. . Some stocks; went doWa 2 to 3
points. Then the selling j- movement slowed up
and prices began to go back up again: The early
losses were nesrly all made up. i
Baldwin rallied to 104, liexieaa Petroleum
rallied to 15516. ' Texas company rallied up
from, 43 to 44. Beading, after declining
. moved up to 88. n
furnished by Ovarbece ot rjooke Co.. Board
wf Trade building: ! ' ' '
Low.
Alaska Gold,....
A llis Chalmers . . .
Alloy Steel
Am. A rr. Chem . .
Am. Beet Sugar.
Am: Can, e
Aum Car Fdy...
Am. i'ttan Oil . .
Am. Hide A L., e
Am. Int. Corp. . .
Am. Linseed, e. .
Acu. I.oco. e . . .
Am. Ship A Com.
Am. Smelter, e . .
Am. Steel Fdy. . .
Am. Sugar, c. . ..
Am. S. Tobaaco. .
Am. Tel. Sc Tel.
Am. Tobacco . . . . .
Am. Woolen, e. . .
Anaconda Atin. Co.
Atchbon, . c . . . . .
Baldwin Loco., e
Bl. It Ohio. c.
Beth. Steel B 70
Brook. Map. Transit! .
Open..
1
29 -
"J.
82
138
24 H
14
70 ,
'84
21
53
35
118
79 j
9 ;
75
51
80
104
34
Chicago range by Fnited Press
Open. High.
Dec. 240 245
Men. 243 248 :
CORN i
Sept ......"148 153
Dec 124 127
OATS i
Sept. ...... 72 73 i
Dec. 70 71
Sept. ...... Nominal
Oct. ..... .Nominal
. LARD
Low.
239
242
148
1241
72
70
Close.
244
245.
152
127
T2
71
2510
2590 .
Sept. 1852 1865 1850 1862
Oct, ......1890 1908 1887 - 1990
RIBS
Sept. .. 1527 1535: 1522 1530
rw-t 1565 1582! 1562 1575
Cash Wheat No. 1 red, 2.58g 2.61; No. 2
red. S2.59; No. 3 red. 12.54; No. 3 hard.
$2.55.
9.00 9.50
6.00 7.00
0.00(4 7.00
6.00 0 6.60
2.33 it 6.00
Ave. It. ! Price.
. . . 860 8 7.00
FOREIGN HEM'S FORCES A ' .
LOSS IX COTTOX PRICE
New ,Tork,? Aug. 12. The cotton market
opened easy today at a decline of 15 to 35 points
on selling due , to foreign news. It was re
ported that the National ; Uinners' association
had put the condition of the crop at 75.5, or a
lossof 1.1 point during the past twe weeks.1
grade was active and pressure was heavy for a
time, but offerings appeared to be absorbed well
by commission houses. The rise carried prices
up fully 35 points from the lowest levels.
, The entire list weakened ia the late afternoon
under heavy selling of December. .
The close was steady, unchanged to 60 points
tower, j, .. ; - : , : !
Furnished by Overbeck fA Cooke Co.." Board
of Trade building
f . Liverpool Cotton Easier " :
. iJverpoca, Aug. 12. "ft N. 8.) Spots
wnmi wum mm ouvin American mtddlina
fair. 33 43: good middling. 29.68: ,full mki.
dlings, 28.43; meddlings, 25.17; low middlings
.o.oo iwm uMnwr, .onunary,. is. 95.
Futon opened quiet.
!3. .
28. .
1. .
!6. .
5..
.11::
i8..
-1
as"
. ii. .
l.
886 8 3.00
908 i . 6.50
. 1008 ;
.1045
.1000
. 828
. 880 i
.1016
.1004
.1030!
. 730
. 870
.1365
.1130
.1070
6.50
6.0O
5.23
6.00
.5.75
TJ.63
1
4
13. .4
I'M
A k.
12. .i
1..L
5...
2 L
la...
3. . .
1. . .
1 . .i.
n
s: y.
3.50
C.40
4.00
5.RO
4.&0
5. 04)
3.O0
CALVES
.. 340 8 6.25 j
r BULLS
..1230 8 7.50 i
UlHiB
1. . .
1...
2. . .
10. . .
25. . ,
28. . .
8. . ,
26. . .
25. . .
25. . .
1. . .
20. . .
33. . .
1...
, 900 8 2.73
.1100 6.50
,1140
. 816
.1030
i. 785
11193
i. 976
f 03 7
. 908
; sou
.1028
. 855
. 810
6.25
6.50
4.75
5.23
5.75
6.25
D 63
J.25
5.00 K
4.75
6.55
3.00
212 818.00
260 13.00
390
460
. 173
. 134
. 1 180
130
. 150
. 256
. 189
. 805
. 276
. ISO
. 250
. ' 220
.218
. ! 180
. 370
ia.se
16.50
18.50
18.50
14.50
15.00
8.00
18.23
18.00
18.00
16. OO
10.00
17.50
18.23
18.25
18.25
15.50
LAMBS
18. . .-. 187 31T.00
7 284 i 16.00
1...U 800 16.50
' 1....- 870 I 16.60
Is . 4. 170 ' 18.60
1.... 240 12.60
15. . . . 65 : 13.00
2. . 4. 140 j 10.00
8. . i. 196 I 18.00
1. j. 184 I 18.00
230 1-18.25
18. . i .- 250 17.50
15..1. 209 17.75
10. .1 . 179 18.00
.. i . 183 1 18.25
1. ,i. 240 16.23
2..L. 160 V 18.23
6. .1 . 223 18.00
1. .!. 290 16.00
1
i!6.
No.
16. ,
14..!
14.. i
33 . J.
59. , . . 80 8 8.00
121. i ..: 71 8.50
H8. . . . 82 . 8.50
B5. , . . 88 8.50
. - EWES
399.... 76 S 2.10 i 273.
YEARLANU8
. .; 95 S 7.00 I
Thursday Morning Sales
i- - ' COWS I "
Ave. lbs. Prioe. No.
7zu a a. so i
.'980 6.15 j
I '. CALVES
.ilBO 815.50 1
i i MIXED CATT
72
80
72
84
75
Ave. lbs.
87
i.
5.'.''
890 8 8.00
HOGS
LE'
140
3 8.00
. 8.50
8.S0
8.50
8 2.10
Price.
815.50
U:::
,...
iii.-i. .
as.,
ao.;.
240 $18.00
.,i 243 ,18.00
130
. 205
eio
520,
17.00
18.85
16.00
15.25
17.75
. .
4 . k . .
5.i. ,
1...
l.j. .
7".,.
180 818.10
152 17.50
21T1 18.25
153 lo-OO
' XjAMBS -. I:'. ..
70 8 S5 i 11.,.-..
83 6.25 f 18.1. . .
- 60 6.25 I 9.v...
87 " 0.00 12. ,
t EWES -tv"i
145 $ 4.00 ; '
S80
340
210
380
240
16.35
17.75
14.00
16.25
18.00
941 t 9.00
70 9.00
85 A.25
75 S.5
r AJUIeaeo Potato Market !
Chinaav. Am. 1?. IT. N. K. 1 Pntatnea
Bereipta 28 cars. Eastern, barrels. SS.OO0 6.2S;
Middle Wet and - Early Ohioa, 33.00 3.20;
Month.
January . .
March . . .
May
July,
October . ,
December
Open.
. , .2905
. .2875
. . .2830
.. ,2810
. . .3155
..'.3025
High.
2950
295
2860
2810
3195
80T5
Low.
2895
- 2850
. 2824
2810
8134
i 3015
Close.
2895
2850
2824
2790
3137
3022
DAIRY PRODUCTS OF THE COAST
San Francisco' Market '
San Francisco. Aug. 12. (U. P.) Butter
Extras. 61c. - ' !
Eggs Extras, 59c. Dirties, a l, oac:
extra pullets, 51c; undersizel pullets 38ci
Cheese Caiitorm liars fancy i-vic i
Seattle Market !
Seattle. Aug. 12. (U. P.) Butter City
cresmery, cubes, 56c; bricks, 57c !
Kegs Fresh vsnch, 58c; pullets, 47c.
Milk $2.90 per cwt. J r j
Lee Anodes Market
Los Angeles. Aug. 12.-l N. S.) Butter:
63c per lb.
Eggs Extras, 54c; ease count, 51c; pullets,
47c; peewees, 31c.
Poultry Hens, 20 32a; broilers, 30 33c;
fryers. 32o per lb. i
Butte A -Superior .
Canadian Pacific
Central Leather, e
Ches. Sc Ohio. . .
Chicago Ot West, c
C, M. A St P. . .
C. A N. VV
Chile Copper
Chino Copper . . .
CoL Fuel A Iron. .
Con. Uaa
Corn Products, c. .
Crucible Steel, e . .
D. A B. ii.. c
Erie, e ..'
Gen. Cigars ;
Gen. Electric
Gen. Motors
Gt Nor. Ore, . . . : .
G.t, Nor. By,
Greene Cananca . . .
Gulf States Steel...
IlL C .Mitral
Ind. Alcohol
Insp. Copper
Int. Paper .......
Int. Harvester
Int. Merc M-, c. . .
Int Nickel
K C. Southern, c. .
Kennecott Coprper -. .
Irka wanna Steel...
Ihigh Valley
Mexican Petroleum .
Miami Copper
Midvale Steel
Mo. Pacific, c. . . . .
National Enamel . .
National Lead
Nevada Com.
New Haven ......
N. Y. Air Brake. .
N. Y. Central . . . .
Northern Pacific. . .
Okla. Bef. A Prod.
Pure Oil .....
Pan Am. Pet, c . .
Penn. Bailway
Peoples Gss ......
Pr. Steel Car, c . .
Ray Cons. Copper. .
Reading, c
Royal Dutch . . . . .
Rep. Iron. A Steel, c
Rock Island, c...
Sinclair Cons. . .". .
Slosa Sheffield....
Southern Pacific .
Southern By., e. . .
Studebaker. c . .
Shell
St. L. A S. F
Texas Oil
Texas Pacific . . .
Tobacco Products . .
Transcontinental Oil
I nion Pacific,c ...
U. S. Rubber.
U. S. Smel. A Bef.
U. S- Steel, c. ,
Utah Copper
Vanadium Steel ...
Vs. Chemical. C...
Wabash
Western Union
West, Electric
Willys Overland . .
Woolworth
17
116
52
54
S3
70
25
87
127
4
12
61 i
. . .
20
31
72
25
80
46
76
123
24
18
17
23
65
44
153
18
88
24
54
72
104
32
'70
73
3
37
80:
40
14
87
74
80
32
23
'90
26
61
46
24
43
82
68
10
11 Oi
84
51
85
59
66
64
7
82
46
16
105
lTTi
28
k . . .
75
ii
185
24
13
4
'94"
20
53
85
115
178
183
4i - - -
74
61
80
108
83
;88
ti7
115
61
54
I
88
,70
i24
High.
1
29
76"
82
136
24
14
71
95
21
54
35
116
81
96
76
51
81
105
34
71
'17
116
63
54
'is"
70
"25
87
130
4
12
61
21
81
73 ,
23
82
46
76
124
24
19
17
23
65
44
157
18
38
24
56
78 ,
11
83
'71
78
3
38
81
40
14
88
75
81
44
27
"91
27
63
47
24
45
88
60 -10
116
85
61
87
60
67
64
8
82
46f:46
l
103 1105
86
127
4
12
61
20
81
12 K
i25
80
45
75
123
24
18
17
23
65
44
153
118
188
24
54
7144
10
82
i . . . .
70
73
I 3
37
i79
so
14
187 .
73 .
80
m
'96
26
61
45
23
32
68
9
16
88
50
85
59
64
63
9
82
Bid.
"1
29
40
75
77
32
135
24
13
70
64
94
20
54
85
115
80
95
107
75
61
80
104
84
70
9
17
115
52
64
8
88
69
13
25
80
79
87
127
4
12
60
142
21
81
72
24
47
82
81
46
75
124
24
19
17 .
23
65
44
154
18
38
24
54
It
10
32
93
70
73
3
38
81
40
27
95
14
87
74
80
32
26
60
90
26
62
45
24
43
82
89
10
1116
83
(50
88
59
63
63
7
82
46
16
103
-Cats-
Wheat Barley. Flour. Oats, Olsy.
Portland. Thursday 29
Year ago...... 85
Season to date... 1447
Year ago . . . 599
Tsooma, Wednesday , 1 8
; Year ago. . . . . . 27
Season to date. . 277
Year ago 253
Seattle. Wednesday 6
Year ago. ..... 6
Season to date..'. 115
, Year. ago. ..... 102
1 ... 19
2 8 ... 11
10 89 84 121
65 105 . 87 204
... . S ... 3
2 ... , 2 13
10 124 7 70
26 ... - 28 84
4t '41
. . . . 18 . . .
26 37 .. . 242
42 55 43 67
: Indications -are pointing strongly to
a general resumption of wheat and flour
business with Europe." " The- fact that
Europe has not been a liberal buyer re
cently and that its stocks are getting
down to bedrock, gives the impression
that the export movement must soon be
got well under way.
There was a firmer tone and higher " prices
for wheat at the start of the eastern trade and
late advances here indicate that the buyers are
alert to the possibilities of a- record-breaking
export call.
Modern Miller of Chicago, one of the big
cereal authorities of the world, says:
"The market degression ' promoted in the
interests of wheat exporters got a jolt this
week. Artificial maneuvering Is not wholesome
and is usually to the advantage of few and to
the disadvantage of many. Quite naturally the
market sags under the weight of the winter
wheat and the spring wheat crops. It- is well
that all the water be squeesed out of price
inflation before the new crop begins to move-
It is the safest basis for merchandising and
avoids losses. But when this natural depression
is coupled with propaganda, the trade should be
Cn its guard. When all turn bears, it is time
to pause and reflect as to the results of an over
sold market. It is a queer situation British
official sources warning that prices of wheat
and other cereals will be higher and American
exporters who sell Britain cereals openly sdvis-
ing our domestic trade that prices will be lower.
The buyer a bull; the seller a bear doesn't this
look a bit queer! - No doubt wheat exporters
are interented ia depressing prices for a basis
to accumulate. By encouraging the hope of
lower prices and inducing millers to wsit, and
flour buyers to let their wsrehouses empty, the
full weight of the crop is fejt But there must
be an end to this! Think it overt
"It is unfortunate that hedging offers such
doubtful protection. We would consider this a
dangerous hedging market and hedging should
be carefully considered. Too much hedging to
help speculators depress prices Is a doubtful pro
gram."! j j
Rroomhall cabled: '
United Kingdom Continued rains through
out the1 United Kingdom are lowering - the
harvest promise - for wheat and other grains.
France -Weather is unsettled and the
harvesting of wheat is going forward very alowly
as a result
Germany -Weather unsettled, which continued
to hinder the progress of the harvest opera
tions. Italy Many bad reports of wheat harvest are
being received from this grower and there is no
doubt that substantial Quantities (probably 90.-
000,000; to 100,000,000 bushels) will have
to be imported to make up the home deficit.
Jugo slavia Csecho-Slovakia Crop advices
from these countries mention good sverage out
look, j
Spain- The governtnent is strictly controlling
the new crop of grain.
Australia Weather has been favorable, but
increased acreage claimed ia said to be only
moderate.
India Good rains, nearly general over the
country, ; have improved crop conditions.
FI.OUK Selling prices, mill door: Patent.
812.95; I Montana spring wheat $18.25: Wil
lamette valley brands, 811.20; local straight.
810.80; bakers' local, $12.95 13.25 ; graham.
$10.80;! whole wheat, $11.03. Price for city
deliveries 15c extra; suburban, 20e extra.
HAY Buying prices, nominal: . Willamette
timothj. fancy, $28.00 28.00 per ton; vetch,
$22.00; cheat. $20.00: straw. $10.00; elovei.
$22.O0; grain, : atfalfa, $24.00 a ton.
GBAIN SACKS Nominal. New crou deliv
ery: No. 1 Calcutta. 15 16c; domestic, 16
B 17c in car lots: less amounts higher. .
MILL8TUFFS Mill run at mill, sacked,
$59.00 0 6O.0O. :
OATS Per ton. buying price: reed. $48.00
52.00.
BAULKY Buying price: Feed. $46.00 a?
61.00; milling, $47.50 52.00; rolled barley,
selling price. $57.00 6M0.
HEED Buying price: lied clever, rec leaned,
85c per lb.
; Merchants' Exchange bids:
WHEAT
Sept.
Hard whits 234
UNCLE SAM PAYS
HIGH RATE NOW
The secretary of the treasury of
fers f o subscription . at par and
accrued interest, through . the fed
eral reserve banks, - treasury cer
tificates of indebtedness, aeries C-
1921, .dated; and bearing; Interest
from August 16. 1920, payable Au
gust 16. 1921, -with interest at the
rate of 6 per cent per annum, pay
able semi-annually. L-i ' '
Bearer certificates will be Issued in
denominations of 8500. $1000, $5000. 810,
000 and $100,000. The certificates will
have two interest coupons attached pay
able February 18. 1921, and August 16,
1921. - :
The certificates are exempt, both as to
principal and interest, from all taxation
imposed by the United States, any state,
or any of the possessions of the United
States, or by any local taxing authority,
except estate or inheritance taxes and
graduated additional Income taxes. -
The certificates of this series do not
bear the circulation privilege and. will
not be accepted in payment of taxes.
Any banking institution . in the city
will receive subscriptions for the. cer
tificates. - v -
This is the second series of certificates
offered in the past three months on
which the government is paying 6 per
cent interest. This is the highest rate of
interest that the government haa paid
for money since the Civil war. The
previous issue bearing 6 per cent was
oversubscribed in a very short time, and
It is expected that this issue will be
taken up as quickly. Due to the money
situation, it is claimed,- the government
finds, it necessary to offer the certificates
at 6 per cent so as to readily dispose of
them.
Municipal Bonds See
Improvement, Eeport
"Indications are that ; municipal bond
prices . are 'Improving . slightly in the
East." etate Blyth, Witter ft Co., invest
ment bankers of San' Francisco and
Portland, in their August financial letter.
"This may be occasioned only by the de
mand for re-Investment of July Interest
and dividends by people having large In
comes, who are desirous of obtaining tax
exempt securities. !
"The federal reserve - system ta not
making appreciable progress in Improv
ing Its reserve ratio, which still hovers
in the low 40'a Until Improvement is
Rhon. extended credit :wM be difficult
to obtain and money rates will continue
high."-
Long Beach lias Big Season
James H. Lynch. sales manager of the
Lumbe miens Trust company, has re
turned from a two week's' eutlng at Long
Beach. The beaches this year says
Lynch, "are having the best run that
they have had for years. Long Beach ta
accommodating more vacationists than it
has at any time sine it has been known
as a summer resort."
FOKEIGW EXCHANGE RATES
. Corrected daily by foreign exchange depart
ment or toe vnitea states national pang.
Opening nominal rates for bank transactions:
r Pnn uspis Par
' Jfr Checks. - Transfers. Value.
London Founds
sterling . . .$ 3.55
SHORT-TERM NOTES
Quotations Furnished by
- CLABK. KENDALL A CO.. INC.
Security Maturity. Bid.
Am.Cot'n Oil 6s...-. 0, 2,1034 89 Vt
Am. T. A T. 6s.. .. .10. 1,1922 OS
Am. T. A T. 6a.... 2. 1.1024 02
Am. Thread 6a ... . .12. 1.1823 02
Am. Tob. 7s .. .....11, 1,1820 00 100
Am. Tob. 7s .......11. 1.1921 l0 4
Am. Tob. 7s 11. 1.1922
Am. Tob. 7s .11, 1.1923
Anglo Am. Oil 7 4, 1,1925
Armour C'onv. 7s 7,15,1830
Belgian Gov. 7 4i... 6. 1,1945
Belgian Oov. 6s..,.. 1. 1,1921'
Bslgian Gov. 6s..... 1, 1.1025
Bethl'm Steel 7s.... 7,15,1022
Bethl'm Steel 7s.... 7.15,1923
British Gov. 3 Ha. .11, 1.1021-BriUsh-Gov.
(Hi.,,11. 1.1022
Canadian Gov. Btts.. 8. 1,1821
Canadian Gov. B Ha. 8, 1,1828
Cudahy Psck'g 7s... 7,15,1823
Irter. R. T. 7s...... 9. 1.1021
Japanese Gov. 4 Ha.. 7.10,1825
Kennecott Cop. 7s., 2. 1,1830
Ligg. Myers Tob. 6a.. 12, 1,1921
Molina. I'low 7s..... 9, 1.102O
Moline Flow 7s..... 9. 1.1821
Mohne Flow 7s..... 9, 1,1922.
Moline Plow 7a... 0. 1,1028
Moline Plow 7a.... 9. 1.1024
N. I. EJP. Tr. 7s... 5.15.1922 100
Pac Gas Elec 7s.... 5. 1.1025 V3
Swift 8.15.1021 97 H
V. a. Bobber 7s.. ..12. 1,1823 97
90
9
98 H
00
07
98
80
0ft
9714
96
004
97
90i
97
60
70
91
97
09
B8 hi
08
B8H
97
Total sales, stocks, 440,600.
Total sales, bonds. $0.038 000.
AMERICAN LIVESTOCK
1PBICES
! Hogsi Re-
steady to lOe
tops,
POIATOM ALOKG IflE COAST
't . 1 ;;(.::. . i ..
' 8 settle Market
Seattle. Ang. 12. C P.) Potatoes
Eastern Washington, netted gems.. $70 ton; local,
8 He lb. v
San Frenelsee. Market ..
San Francisco. Aug. 12." (TJ. t. ) Potatoes
Old. 10c: new. 6 H & Se. - t '
Onions Yellow. $1.50 (S 1.75. I
field peas 5c.
Los Angeles Market
Los Angeles, Aug. 12. (I. Jf. 8.) (-Potatoes
Early and White Rose, fancy. No. 1,1 most
ly $1.25 & 1.50; No. 2, 60 75c a lug, sacked.
No. 1. $2.50 9 2.75; Stocktons. $3.00 3.85.
Chicago Dairy Produce : j .
Chicago, Aug. 12. (L N. g.) Butter Rs
eelpta 12.728 tubs. Creamery extra. S48
62 He: packing atocks. S5 40c
Kgg Receipta 12.438 cases; mneellaneons,
4246c; virets, 46 H 47 H c; eatraa. 41
43 He; checks. 30 85c; dirties. 36S9c
Cheese Twins, new, . 24 24 He; dairies.
24 (3 25c; Young Americas, 23 H 28c;
Lcng Horns, 25 & 26c; brick, 21 22c.
Live poultry rurseys. tac: cmcaens. z m
82c; roosters, 35c
21c; ducks, sue.
springs 23c; . geese.
20
. New York Metal Market I'
i New Tors, Aug 12. (I. X. 8.1 Copper
Iull: spot to October offered .18 10. -. i
Ji i Elrn: spot to October offered ! 9. 1 5.
September. 7.70b; , October t and.- November.
T-b i f : : , ,-. -i: i .
ew York Sugar and Of fee
New York. Aug. 12. (TJ. P.) Coffee No.
T Rio. 9e; No. 4 Santos. ISfcXIS He.
Sugar DuU. $15.23 13.50; refined, dull;
granulated. $21. 00.22.50.
Sew York Wool and Hides '
New York, Ang. 12. (L N. 8.) Wool
Weak, nominal. Domestic fleece XX Ohio. 36
57c; pulled, scoured basis, 40c $1.15; Texas,
scoured basis. 60c w $1.30.
Hides Weak. Native steers. 2728e;
branded steers, 24 2 7c. J ,
Beaa Paekiag Starts
Aberdeen, Wash.. Aug. 12. Packing was
started yesterday by the Montesano Canning
company at Montesano. The factory began on
the bean harvest snd expects to out ur 4000
eases. : The blackberry canning sesson win start
September 1 and a pack of 30.000 cases is
expected. The value of the total pack ef beans
ana oemes win exceea siou.uvo, officials state.
The cannery started operations for the first time
since the plant was built over a year ago.
Hop PIrkfag Kext VYeek '
Albany. Ot., Aug.' 12. Hoppicking in Linn
county is scheduled to start next week. A heavy
yield is expected, snd m some districts it is
believed that all production records per sere will
ee oroKcn.
Ofilcaoo Hees eis.ee
Chicago. Aug. 12. ill. N. S.
ceipta, 19.000; market active and
lower. Bulk. 313.7015.60:
heavyweight, $14.10 & 15.35: medium weight,
$14.60 15.60; light weight, $14.00 & 15.60;
light lights. $14.60 15.35; heavy packing sows,
fmooth, $13.65 14.00; packing: 1 sows, rough,
$13.25 13.60; pigs. $13.75 15.00.
Cattle Receipts. 11,000. Beef ; and butchers
steady; calves, dull; stockers, higher. Beef steers,
medium and heavyweight, $16.2517.50; medi
um and good, $12.50 18.25; light weight,
$14.75 17.25; common and medium. $9.00
14.25; butcher cattle, heifers, $6.00 15.00;
cows. $5.00 012.50; bulls, $6.00 12.00; can
ners and cutters, cows and heifers, $4.00 6.25;
tanner steers, $4.50 7.00; veal calves (light
and handyweight) ; $14.25 15.50 i feeder steers,
$7.50012.00; stocker i steers, $5.5010.50;
stocker cows and heifers, $5.00 8.00.
Sheep Receipts. 23.000; fat classes unevenly
lower; feeders firm. Lambs. 84 lbs. down.
$11.00 13.60; lambs, culls and common, $7.00
11.00; yearling wethers, $8.25 11.00; ewes,
$6.25 8.00; ewes, culls and common, $3,00
6.00; breeding ewes, j $3.00 11.00; feeder
lambs. $11.00 12.65. I - jl
! Kansas City Hogs $1B.3S
Kansas City, Aug. 12. (L N. a.) Cattle
Receipts, 45.500; steady to 25c lower. Steers.
$9.00 16.50; cows, $8.00 912-50; stockers
and feeders. $6.00 12.50; calves, $9.00
13.50. i
Hogs Receipta. 4000? 10c to- 15c lower.
Bulk. $14.7515.25; top, $15.35; heavies,
S14.75O15.50: lights, $15.00 15.85; Use
diums, $15.00 915.35.
Sheep Receipts, 5000; 25c to 50c lower.
Lamas, (iz.vuwiz.is, ;
'I ': 1
! Jfevr York Batter and Eggs
New York, Aug. 12. (L N. 8.) Butter:
Market firm: -creamery -"extras,, S3 9 57 He;
firsts. 6 1 56c; higher scoring; 65 59c;
state dairy, tubs, 45 54 He- l!
Cheese Market steady, 27 H 28 H e; state,
whole milk, specials, 25 H 26 c; Wisconsin,
whole milk, fancy Young Americas, 28 H 29e;
state, skims, specials. 18 H 17 He; choice, 13
16c: choice to good, 12 0 14 He
Eggs Market irregular; nearby white, fancy,
60 70c; brown, fancy. 5862e; extra, 5$&
57c; urns, 48zc,
Soft white
White club
Hsrd winter . .
Ked winter . .
Northern spring
Ked Walla . . .
No. 3 white
No. 3 blue .
Feed . . . . .
282
282
228
227
283-
220
FEED OATS
BARLEY
CORN
Oct
234
232
232
228
22T
233
226
. Aug.
9000
4750
4650
Nov.
234
232
232
228
227
233
226
Sept.
4850
4650
4600
No. 3 yellow
1 Eastern corn in bulk:
No. 3 yellow ........
6400 6400
6400 6850
"New York Potato Market
i New York, Aug. 12. (I. N. S.) Potatoes
(in bulk, barrel or bag). Market dull; nearby
white. $3.25 9 5.00 j Southerns. $1.00 5.00.
Liberty Bond Sales
" tPUrniAied by Overbeck A Cooke Co., Beard
of Trade building) : . -
Open. High.; Vow. Close.
Liberty. 8 s ... . 06O 9008 ! 9050 9053
Liberty, 2d 4s. . .. 8448 84481 8440 8440
Liberty, 1st 4 hi. 8500 8510 850O -8500
Liberty. 3d 44s.. 8446 8450 ii 8430 8442
Liberty. 3d 4a.. 8$50 ' 8850 ! 8822 8836
Liberty. 4tn 4 H s. 8496 8496 ! 8482 8484
Victory, 4 s .... 9570 9576 9560 9055
Victory, 3S.,.. 9568 9568M 9562 9066
1; -
San Prauciseo Poultry ' Market
' San Francisco, Aug. 1 2. (TJ.! P.) Broilers,
35 0 33c; Urge hens, 20e3Sc. p , ,
' - Kara! Stores Market
New York. Ang. 12. (L Ni 8.) Turpeu-
une ssvannan, ei.au; new lora, Cl.io.
Rosin
$14.-00.
-Savannah. $13.00;
New York.
Dried Frait and Beans
New York, Aug. 12. (I. JJ. S. Bea
Market . steady. Marrow choice, $11.50: sea
choice, $11.75; red kidney choice, $18.00.
lined fruits Market steady. Apricota. extra
Choice to fancy, 26 87c; apples, evaporated,
prime to fancy, 11 & 18 He; prunes, 80s to 60s,
17 H 925c; prunes, 60s to 100s, 11 H 16He;
seeded raisins, choice to fancy, 23 25c
San FraBClseo Oraia Market
San Francisco.. Aug. 12.- (TJ. P.l Barlev
Spot feed pes cental, $2.23 2.85; shipping.
SZ.43 49 Z.OO.
New York-London Silver
New York. Aug. 12. (L N. 8.) -Commer
cial bar ailver quoted: Domestic unchanged to
day at 99He; foreign. 4e higher at 95Hc
London, Aug. is. (L M. a.) Bar silver,
Hd hlgher-at 58d.
First me Vraeat J
Eugene. Aug. 12. The -first rece laU nf the
1920 grain crop in- Lane county have been
coming in during the past two days. Ths wheat
is of fine quality, but the yield will run fewer
than estimated a month ago, as the rains caaae
too late to till the head. Millers and shippers
piace um swiass as so ouaneia to tne acre,
with some tracts running as hia-h aa SO bushels.
The opening price is $2.05 for No. 1, sacked.
at the mill ;
Asked.
90
94
" 92 H
95
90
89H
09
96 H.
87
98
00
98H
7i
96
91
97
90 41
87
63
71
92 H
97
100
99
99
08
' 98 H
101
97
97
97
Foreign Exchange Market
New York. Aug.' 12. (U. P.) Foreign ex
change was steady at the opening, with demand
sterling strong at $8.87 . up 1 : franca
were) .0730, up .0002; lire. .0505, unchanged.
and marks .ozit. up .0003; Canadian dollars.
demand. .8860. , . . ; V
The market was easy toward the clone. Stef
ling sold at $3.63.14 for demand, off 3 cents
on the dsy. Francs showed a loss of .0011; lire
off .0005, sad marks advanced .UOOS.
Money aad Exchange
New York. Aug. 12. (I. N. 8.) Call money
on the) floor of the New York Stock Exchange to
day ruled at 7 per cent; high, 7 per cent; low.
6 per cent. -Time
money was firm.
Rates were: Sixty days. 8 per cent: 00
days, 8H 9 per cent. - . i
1 he market for prime mercantile paper was
steady. i
Sterling exchange was heavy with business ia
bankers' bills at $3.64 for demand.
8 8.56
Paris Francs. . 7.29 '7.30
Hamburg-Berlin .
Marks 2.18 2.18
Genoa Lire. . 5.08 , 6.04
Copenhagen r
Kroner;,.. 15.25 13.80
Christian! . .
Kroner.... 11.19 -ie,u
Stockholm . -
Kroner 20.70 20.76
Hongkong . .
Currency . . 7.7 TT.25
Japan Yen,. 51. &0 81.50
Shanghai
Taels . . . .- 1.08 1.09
$ 4.8663
19.80
33.81
19.80
2.7
26.78
26.79
49.84
HUHT 'COMES BACK'
AFTER PESSIMISM
By Broaden AVall
New York, Aug; 11. Stocks 'were
all buoyant Wednesday in Wall street
and material net advances were on
record at the end ot the day In nearly
everything. It waa simply a reaction
from the pessimism of regent days.
The buying was partly, for short ac
count, but the Improvement was due
chiefly to the fact that banks eased up
onthe business men whom they have
been separating from their investments.
What little short interest there was
covered quickly, Profeealopals, revoR
nislng the hands of . bankers in the '
market, refrained from further selling.
Therefore the merket within the next
day or two will be permitted to prove
itself, --v.; - - : i
1 Money was at 7 per cent ror re
newals and fell to 6V4 per cent in the
last hour. Sterling was stronger. The
foreign situation was not improved but
rather became more complicated because
of President- Wilson's note to the allies.
The financial world looks upon the
Russian situation as another. Mexican
mass, but: with vastly more important
complications likely to grow out of it.
i About the only aggressive selling of
the day was in the chemical stocks.
This waa merely by way of a prelim
insry drive ia, anticipation f announce
ment of the completion of the merger,
i The first class petroleum stocks were
conspicuous for their strength,
i Shipping shares aleo came back rather
sharply, but this was due largely to a
short Interest -which had selected them
as easy victims.
Backed by property,
the assessed Value of
which is $7,374,355.
Toul bonded debt
$667,000. '
$46,800
Tax Exempt
Yielding
6V2
General Obligation of the Satire 'Fort
DistrleL
PORT OF
BAY CITY, OREGON
6 BONDS
Bated May 1, llt. Ttae Serially ltlt-ll.
DeaomlsatioBs tioee, $e$ aad $18$. friees
to Ket 6tt Afer Ceat.
Principar and Seml-Annua! Interest Pay
able in New York or at quarters of Morris
Brothers, Inc. ,1
THE Port of Bay City is located on Tilla
mook Bay., a natural harbor, surrounded
by fertile 'farm lands, producing agricultural
producta Dairying is extensively conducted.
The whole community ia prosperous and rap
idly developing. t
Telephone or Telegraph Orders at Oar.
- Expease
$100 $200 $500
Municipal '
BONDS
yielding
Write or call for list
-afCf
mm,
sr.W
MORRIS BROTHERS, Inc.
The Premier Maalelpal Boad House
Betweeea Established Quarter of a Ceatury Telephone
ith aa 6ta . i - Morris Blur, 8f-ll Stark KU Broadway
Htreets " Capital Oae ettlUioa Dollars tlil
Main 644
NORTHWF3TTRN BANK BL06.
Hop Contracts Filed
Eugene, .Aug. 12. With the approach of the
hop season in Lane county it develops that the
crop of 1820 is among the bast on record.
Contracts with English firms have - Just been
filed at - the courthouse, providing for rate
of 52 cents for 1920, 45 cents for 1921, and
40 cents for the 1922 crop. Lane eoucty has
about 350 acres of hops in hairing and about
250 acres of new hops.
' Mluaespolis Flax Market
- Minneapolis, Aug. 12. (L N. 8.) Flax
SS.SSea.40.;
rACIFIC COAST BASK STATEMENT
Portlane Banks
J Clearings ThU Week. -Monday
. ...$ 6,741.818.54
Tuesday ... 4,985,150.77
Wednesday-- 6.729,481.93
Thursday .... 6,660,237.78
Tear Ago.
S T.826.426.14
5.068.033.60
! 6.190.697.51
7.S54.472.4S
Spokane Banks
Clearings Thursdsy .......... S 2.050,951.06
Balances Thursday 565,167.00
- Seattle Banks
Clearings Thursday ......... .8 6,699.609.14
Balances Thursday ....... 1,316,699.77
1 - - - . Tacema Banks
Clearings Thursday .... 958,456.00
Balances Thursday .. 198,357.0
San Franoisco Banks
Clearings Thursday , 825.500.000.00
-Los Anflelaa Banks
Clearings Thursday S13.S94.471.00
Efficiency
.sod
Low Cost
F.W.Baltes
& Company
Printers
First and Oak streets
: m,ibui Agiosii.es
Province of British Coliimbia
5-Year, 6 Gold Boiids
Dated July 27, 1920
Denomination $ 1000, ' $500
Due July 27, 1925
Principal. snd semi-annual Interest payable in Gold in
New York City or Canada at the option of the holder.
liooo certificates of the Province ready for delivery now.
These Bonds are; a direct obligation of the Province of British
Columbia, which hat an area of 1355,855; square miles and is the
third In size of the Canadian Provinces.
Write or call for our circular descriptive of this Bond,
Price:- 92.85, Yielding 7.75
YEON BUILDINCORTLAND, OREGON
Telephone ; Main S183.
San Francisco Sesttle 6 j New York , r - Let Anfelea
Bteeka, Beads. Co Ilea, orala. Eta.
- SIS-SII Board of Trade UslUlsf
Overbeck&CookeCo.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
' Stem hers Caiea.ro BoarS ef Trade .
CorrerpoadeBts ef Loeaa Bryas -'
. Caicaca) Sew lMk -.--
1 One Billion
, DoUars' Worth !
of Property
stands pledged as security for these
5-Year 6 j Gold Bond
Province of
MA NET
A
Price 92.86
To Yield .
7.
J UadatSsfwrvUlrOrccniflar
Lumbermen Bid "