1M t-
V
GROWERS LOOK TOO FAR FOR A MARKET: THERE'S A GOOD ONE AT H0ME.4KS
EUROPE SECRETLY
PURCHASES WHEAT
Taking Some Stocks ; at Various
Points Hay More Active Because
of Impending Frclght Rate Rise.
HOW WHEAT -EtlED
Batsr- Week Month
. day.
Hard wWte ..$8.86
; Haft whits tjn
White elas 2. 2.27
Hard winter - .. 2.27
Northern spring . -;. . 1.28
Bsd Walla ......... tM
Ago. Ago.
$2.36 11.47
. 246 S.44
2J6 2.4$
2.29 1.47
2.36 8.4S
3.3$ S.sl
Little change was shown in the price
of wheat at Portland for the week; the
market. If anything, veins a fraction
higher than during the closing session
of the previous wssk. , j-
Ther waa an increase In trading noted St
: primary points; growers seemingly snowing more
i willingness to accept current figure, j .
.:' Report indicated that Huron was saeretly
: burtna supplies at various American tMinta.
and this had some Influence upon tn market
in tns eastern territory. ; -.. i
Moat of the current arrivals of whaa t here
are of . purchases msde on contract previous
Aa harvest. -.''." i
In the ha trad there was oonsidersble
activity and fractional ' pries dvnee. due to
the deairs of buyers to secure - stocks before
. the sdrsnced freight rats west into effect. I
Oats market was firmer and hither, but barley
anowea utue enaag. , , .
OHINSSK FLOUR SITUATION
t'ntted States Consul General Oeorg
1 Anderson writes - from Honrkon. Chins:
Vox soother year, eincs the war destroyed the
: immense trade in American flour to- this field,
: the United State had but s email pan In
furnishing fluur for Hongkong In lft ID. The
, total Imports for th year were far below normal.
' though thef abow up better : than those for
1918. Official figure show total Imports of
62,345 short tons, the equifslent of 2,183,564
; bees and vslued at $4,888,230, as compared
with imports of 21,087 short tone, the' equiv
leftt of 897.070 bass, valued at 2.0T8,736 In
1918. These totals are imalli indeed ai com'
pared with Imporu of as high as 5;1 76,623 bags
from th United States alone in 1918, but the
Talus of th imports tlis past year is not mocb
below that of 1918 with It . immense volume.
i Of the imports th jjsat year the United State
: tarnished only 188 ton or the equivalent of
31.840 bagj. Th imports, showing countries
of origin, were as follows; . i
1 . ; , Wliest floor Import
I Countries f ! 1018 1919
j" - : M i"!--. Ton "'
: Chins ..i ......, ;.t.11.4TT
Japan ..,,! 1,421
: United States .......... i. ......
Australia. ,.. 9,078
j Other.. .,...,,.. - 13
Tone I
28,221
7
788
28.828
10
. Totals , -. .. ...A. .21.887 2.841
The decrease la imports fax partially' accounted
for byt tit - feet that North China haa sent
s large hare of the supplies direct into South
China, porta and the Kast Indies instead of
through Hongkong a in former year. High
value and consequent decreased consumption
account mostly for th change in tn trad.
EXPORTS O FLOUR INCREASE
The export of flour supplies account ' for
about 8u per cant of th whole, ' th export
for 1910 amounting to 41.488 short ton or
1.692,020 bags, valued at 84.014.947. com
pared with exports of 16,600 short tons Of
677.280 bags, valued at 31,088,188, ia 1818
' Ttia distribution has been as follows:
' Wheat flour
' Destination 1 1918 1919
: ' ' i Tons
China . . , i . 1 8.218
Imla-China ...........
riilllppines ...........
.Miaim .'. ,
M. raits Settlement ......
I'm teil Kangduia .......
Oluvr ............ . . ,
7,842
188
! 1,578
j 381
j V.477 '.
Tona
18.188
11.040
8.506
4.28
s, aid
704
650
Totals 18,800 41.468
rt.OCtt Selling prices, milt door) Patent.
12.96: Montana spring wheat, $18.25; Wil
lamette vallty- brands.- $1 1.20s -local Straight,
$ ltl. HO; bakers lucal. 813.05 0 13.26 ; graham.
1 ho; whole wheat. $11.05.r Pries tot eity
deliveries 16c extras suburban, 20o extra. .
HAY llnying prices, nominal: Willamette
tlm.ttiy, fancy. 828.00 9 29.00' per ton- vetch.
$23.00; cheat. 329: straw. $10.00; clover.
J3.0t)l grain 823.00; alfalfa. 324.00t2S.OO
a ton. . . - - i
;i;Al. -BACKS NemlftaL iNcw crop dellv-
- cry: No. 1 'alcutt. HC3c; domestic, 13
iu car lots; I amounts higher. . I
iHMJJTfFKS Milt nn it mill, sacked.
- 350. "0 se 00.00. i
OATH fer tan. buying pries I Feed. 843.00
- e) 4u.iM). i
HA Itl.KT Baying price: Feed. $47,00 4
4 M OO; milling, 46 Ott 4T.00; rolled barley,
selling price. 367.00 88.00. ; , ,
Sl'.Eli lluying price: lied dorer. recleaned.
sue per in. v ,x
Merchants' Kichanc bids:
UllKAT
8 Sept, Oct. Jos.
Hard white 2S '230 230
Soft white a2 228 : 228
White chib ........ i.. . 227 227 227
Hard winter 227 i 227 227
. Northern spring 22 228 I 228
Ked Wslla . ; . . . 226 ! 225 i 226
itED OATS .
' , ,. ';.:.. ' : Aug.' ; Sept. ! t)ct.
, No. 2 whit .......... .4900 4900 : 49UV
No. 2 gray ....... ..... .4550 4800 4800
. BARLEY i
Brewine .............. .5100 4900 4900
Feed .......6000 480ft' 4800
COUN i I
No- 3 yellow (bulk) 8400 8350 8800
Ssstern (bulk) .....6400 6325 8250
WHOLESALE PRICES IX FOHTliANl)
These ars price retausrs bay wholeaalera, sx
eept as ethsrwis nottd: i
' Dairy wrwtfuct, -.. . j
BUTTER Belling price, box lotot Creamery
Srane. parchment wrapped. 69e lb.; prime first.
7c lb.j firsts. 68o lb. j amailer lot at an ad
vance. Jobbing price: Cub extras. 84c
' firsts. B2e. - f
BUTTKRrAT Pnrtland daltrery Jissis. ' 2sL
'country stations, 67 A 68q. t : : f
OLKOM A ItU A R IN hi tt brand. 4 ft ordi
nary. 88 He; bakers, 33c; emmargarin. 1-lb.
earttiria, 3Ve per lb. i , j
CHEESE Selling price: Tillamook, fresh
Oregon, fancy triplets. 32 4) S3e per lb.; Toung
America, 84S5e. Prices to Jobbers f. o. h.
Tillamook: Triplets, 0c: Toung America, 80a.
Belling prices: CreSm brick. 40 42c Selling
pnea: Block Swiss. 4840e; limburger. 40 9
42e per lb.- -.--.v ? i
EGOS Buying pric! Current receipts.
. 47 SS4e! candled, selling price. 62 0 681 se
lect. 6465e per dosen. 1 I
UVK rolJLTMY Helling price? Besvy hens.
28o; lnht hens. 18 0 20c springs, 27081c;
old roosters. 10e per lb.' turkeys, bve,. t- ) S
ducks. 2580e lb. f
Frft Vegetable n rraM I
FRESH iUUlT oranges, 63.75(9 7.80 per
box; bananas. 11$12 lb.: leraous, $4,50 9
5.6 per crate: grapefruit. 9$J)0; cantaloupes,
lalifornia Standard. $1.602.S)3; pony, $1.29
1.50; flat, 50 $ 75c; Males a crapes, is. 60
f."1: edle!)s grapes, $3.25; pescbes $2.00
2.25 pox: resell )Tums. l.00&l,5 ertls;
I pears. $4.50 5.00. ": v ' j
J- Ar,V,!.K Nw. $O0.6f. i
sr Xhi FUV1T lte., LoiBefaMe, $7 60t
; J?vm?vCOU J1? t' 8 .. box.
! .i .S .u,n Vrice to retailers: New
'" ! f W"' 10?1.73: garlic. 28c-p lb.1
. green onions, 25 406 doaeu bunch J onion
i lets. 1 7 is 1 8 lb. T
1 2 2i2.Tit::iaM V1 i ;OR aae-l
HSlHBi!,,lS"L " 49 s.1 '"efntsi
. uu ZXrZTltm,a' ' -50 sack; car.
luc. 31.75 crate; cucumbers, 255We box:
prueCBii. -J I bell peijoe.-a. iaste- eelerv
81.Si.do.ent string beaSTs, pe lbt trVS
corn. $1.00$1.5u sack. i ... ' ,
WU snd PVoHshms
COTJNTRT MEATS Selltng mica- 0tr
hogs, 234e to. for tt b-ocksrVhear, Tgo
;al. 23 e; hear, ! lOcibT . f
1 S-MOKEU MEATS Ham, 42 048" oee Ib.t
irsakfast bacon. 42w6cS clZ 3&0 r lttl
Colt aire foil. 3ac per lb. -00 .par 10.;
LARD Kettle rendered. 23a lb tierc
com pound, see.. ... j
lh end Shkltftsh '.,.. !
ritKSU FISH tialuum, fresh Chinook. 17ial
Uc lb.; halibut, flash, 15l6c per lb7; atuT
geun. 11 2 black cod. lu&lle lb.1 kippered
salmon. $i.5 per lo-lb. basket; kipperedLd!
$2.85; rasor dams, )j ersbs, $2,76a.7a
duaeni Una cod. 8c lb. .
- ' ClrvesHss .
SUGAR Nominal prices, refinery beat:
Cue. $22.10; fruit and berry, 3X1.23; D U
low, $2U.d3; giannUted, $21.23; extra C.
120.80; golden C, $20.75. 7
HONEY New, $T.O7.00 esse 1
KICsi Japan jtyle, Ko. 1, lie: New Orleans
head ( ); Blue Mose, 14 Ve per lb. .
aA'-T Coarse, half ground. 100s. $17.25 per
toot 60s, 81S.75; Ubie dairy. 80s, $27 Jij
bales. 3.W-O0; isncy ubl and dairr
dt.R0: lumn rock. $2tt.6(J per uo. . rt
HKAN3 Sales by jobbers, Small bit.
MAY PUT BUTTER
PRICE TOO HIGH
Effect WonJd Be to Encouraje Use
of Oleomargarine Hot Weather
Affects the Qoallt7 of Egg.
1
The market for butter reflected change
ing conditions during the week. - There
was a somewhat steadier tons In general
buying but the strength was far less
pronounced than soma creamery inter
ests would have the trad believe. In
fact. It ; looked to . the ouUldeer as If
someone: waa trying to force th price
of fresh, butter to such figures that con
sumption would bs greatly Increased In
storage goods.
On th surface it would look ss If this was
possible, bat not probable. Tns fact remains
that for a number of seasons whenever th
uric of best i butter went to Prohibitive fig
ure s fc nsw indiested the market will go
th demand ha fallen off corwidersbly. It
has not con into th second grade or storat
stock but has : made a complete lump into th
oleomargarine ! camp. If the , butter makers
want to llmiat a portion of th demand for
their product and pat it into ths camp of their
moss bitter competitor, oleomargarine, tney can
do so by forcing th fresh creamery product to
prohibiUt figures. .'.:-
Kfl Trjds About Steady ,
1 IJttle change was shown ia " the market for
seres in th local trade for th week.- Weather
conditions continued such that's large percent
of ths arrival were of poor quality. In gen
eral there was no chase in th buying basis
for current 'receipts but ths candled price was.s
notch firmer end higher becaus of th lose
du to poor quality. ,
I Chssse fltnsAto) Qeod
Tn th cheeee trade ths aituatioa remains very
favorable so far as the horn product la con
cerned. Tillamftok advices war to th effect
that th movement ther was very satisfactory
and prices were generally maintained st primary
ptaiats. ;.. . -,
I Ohteksn I Dsmand Holds
Chickens showed practically no changes either
in demand or price for th week. Lightweight
fowls continued very alow sale but th demand
waa sufficient st the pries to clean up eventu
ally. For heavy hens and good broilers the mar-
Lket remained ua a fsvorsbls bsais sll ths time.
I Vesl Situation Better
After a very bad selling period, du to the
arrival of stock; in poor condition, aa well ss hot
weather, which hurt the sale, the market tor
country killed calves is again on etesdy basis.
Arrivsls are not liberal, but it would not take
much to overstock th trade. Hots held about
ateady. j '.. ,
' - r fstat SltuaSloa Slow y
Llttl activity waa shown in th potato trad
for th Week. ' Demand in th wholesale trad
waa st low ebb. - Offeringsv wers extremely -lib-sraJ.
but little buying resulted. There is only
S very nominal local demand that is not being
supplied direct by . nearby growers and shipping
call la too. limited to consider as yet. ,-
i Onion Morses QuM
Onion showed a quiet tone during the week.
Walla Walla continues to offer - supplies in
abundance and figures there were shaded about
a nickl during the week.
. Apple Prtcm Low
. 80 liberal stocks of early apples are being of
fered hero that demand ia greatly oversupplied
and prices are weak and unusually low for this
period uf the season.'
1 I Pasch Stocks Nominal ?
Onljr nominal stocks of Oregon peaches were
offered the trad during the week, practically
th -6nly supply being . a few '. boxes from th
lloeruat . Tmr uvtiM M,l- u . . . . .
cars and price wer higher generally. , '
4 V;.," 11 " 1 .
UAIBT PHODTJCPS OF THE COAST
eatti 'Market
A m , , . ,1. . .. 1 ........ m. .
creamery cubes, 58c s brieka, 69o. - . . I
egge rresn ranrn, snc; pulletst. 47e.
Poultry-Mens, 25 37c.
' Los Angsles Market
Lrfaa Aneelee. Aus 9l -.il s St 1 -..w.......
, : ' v - ... i.f ouiier
F'aTirnmH tras. 5o; .case count, 78c;
pullets. 48c; peeweea, Slo.
souiiry- bncuangca. , t
POTATOES ALOKO THE COAST
.!. " 1 i Swtttl Market ' " -
Seattle. Ans: 21. PoUtoes East WS.hlng-'
ton Netted Qems, 3 8 c looaja. 2 H 8c
i Loa Anoel Market '
' I-o Angeles,; Aug. 21. (1. N. S.) PoUtoea
Local Early nd Whit Rose fancy No, 1.
mostly ,$1.35 1.50; No. 2. 75c$l.tof lutl
860-1 2 T8s-00i Stockton,, mbsUy
-. 1 11 m 1 1
: Various Orala Markets
MinneapolisCash wheat No. 1 dark northern.
,..Bi.i.ira; jj. a, s.iui2.s; No. 1 north
ern. 32.4893.50; No. 2, $2.41 No. 8.
-o. x rea spring, s-w.i: so, z,
$2.86; Ka. 3, $2.81: No. 1 dark hard Montana.
$2.55; No 1 bard Mori Una, $2.50; No. 1
ittinlm S' SO Sl ' ttK Ma ) e.i c .1 w .
No. 3. 82.160S2.25; corn .No. 3 yellow. $1.58 as
A. WW. ; ... -
, London Corn and oats unchanged.
. l'lhtVeh wheat No. 1 dark northern.
No. 2. $2.40 2.50; No. 1 durum, $2.809
ZS'JSl?- 81.68 1.58; oats No. 2 white.
atf ST. U ass Si w S- - mj s s s ti as, m
WTS HCj i.W, w. OS1 sjoi ts
ebangad; oats easy; barley quiet.
Pried Fralt sad Baa .
New York, Aug. 2L (I. N. S.) Beans:
sfarkeS. steadv: ntrei ehntai ail ha m.
. . - , ... V..ww, STCS,
choice, $7.50.
t Dried fruits Market, qnist ' Apricots, extra
r hole tO'faney, .2Q87e; apple, evaporated,
prim to fancy, l$w 18 He; prunes, 80s to AOs,
17H25cf 60s to 100s,- HH18HlT;
seeded rsiaiaa. Choice to fancy, 28 4 25o.
. . . ?. . , . : e I
- i ' Ckleago Dairy Prod see
Chicago, Aug. 21. (L N. S.) Butter
Receipts, 11,639; steady.
Eegs-1 Receipts, 8304 cases: steady.
- Cheese Twins, new, 24 H 9 2.6c: Dstsles,
252ffi4t 'Young Americas, 25tt 4928c;
Long Horns, 25 W 26c; brick, 23o.
Lir sBPeuttry Turkeys, 45c; chickens, 29e;
uiSVi VHUfl! .,lf, SCW. Al?.UCi
docks, S2e.
Home Apple Markets Mufet ; . ; :
Be Developed This Season
. : . '; . .... .. . ... - ... - .-i . .i. -
By Hyataa H Cobs a - - !
A new schedule of apple prices haa been named by the British food controller
as follow : Home grown apples, first owners' price, 3s per hundredweight s- im
ported apples, first owners' price, Norn Scotia, 62s per barret Canadian, Jdalne.
Virginian ana western states, ess pec. narrei; uritisrt uoium-
uian, nuningHin, uniuornian, vreisuii anu Ausiraiiitu, i u
per case of not less than 37. pounds; British Columbian.
rV aahinsrton. California, Oregon and Australasian, 23a 6d per
cane of not less than 40 pounds. : Any variety of imported
apples, ,60s per hundredweight. - i -- ; . ; -
The price set means that approximately "not mors than- $4
per box will be available for Oregon or other Pacific North
west apples In England, baaed upon the rats of exchange this
week. This pries will fluctuate up or down with ths monetary
situation. : . s . .
At ths best this la scarcely a pries that ths famous fruit of
the Pacific Northwest will pay to ship abroad. Counting the
huge ocean and rail transportation, it means ths lowest price
to growers that has been received for many seasons.
At the best it seems scarcely advisable tor facine North
A
5 west appls growers to send much stuff to England this season.
1 It would appear at this time as if it would be far better to
2 take chances n ths American markets for the bulk of the
.4 Offerings. i ( 4
Hniith iniaelKs eria ClfaiA n1 ruief irtna hf Africa. fiMmlu
' On the face of thlntrs at the moment it looks like a Tow appls price all around
an improved market for our fruit,! but these centers are not yet fully -developed,
this season, but later conditions may bring some improvement, t
The Pacific Northwest will be hit very hard this season because of ths higher
freight rate. The rate waa already so high that the competition with eastern
markets wa always in favor of the eastern growers. i- --
.The Pacific coast apple markets must be more thoroughly developed than
formerly. This mesni that growers should try to put up sv rood apple for family
use at a minimum of expense. : Fancy packages are beyond ths Average consumer,
therefore If ths grower Wants to get ths best results he must cater to the average
person. - -1 ; . . -. -.. . I . - - .
It is not the rich peipls that must buy-apples in order to clean up the crop.
A few fancy packages will go a long ways in satisfying their requirements. The
great bulk of the demand will bs from ths wage earner. He cannot possibly
afford ths fancy. packages. i ; -, ..-. - i.;.
Government Test of Wheat
Cost Will Be Extensive
Moscow. Idaho; Aug. 2L That it will
be many months before; ths oost of pro-
aucmg wneat in tne inland Empire casbj
be definitely told is the statement fr
Myron Hunter of the federal department
of farm crops management, who is sta
tioned at the University of Idaho, for
this line of work in Northern Idaho.
Ths sovernment haa undertaken to sscsrtsin
what It costs te producs s bushel of wheat on
an averscs farm in various sections of ths ststs.
Whitman county. Washington, and Latah county,
Idaho, wers selected tor ths sxpefimsnts in th
Northwest, these being two - important it wheat
growing counties in their respective etetea. Two
expert from th federal department of aarricul
tur at Washlnarton.' snd two men eacb from
ths tnivsraity of Idaho, st Moscow, sad Wash
ington Ststs college, st Pullman, bar been en
gaged ea the work for months. Mr. Hunter
aid : - " ." !. (r,
"Ws hv (ecured data front 230 fsrm in
Whitman and Latah counties. We havs taken
everything Into consideration, the number of
hours worked a day, the aise and weight of
' : !
hones ased. ths number of borseVI. ths value of
th land or it rental value, and every iMmThat
enters Into th cost of production of a bushel
of wheat on an average farm. This data haa
been gathered, but it baa all got to be segre
gated, tabulated snd totsled snd this work takes
months. There ars sis of US working on it now,
two government men snd two men from each of
ths schools, and wa tisvs two stenographers.
. "I cannot tell when the! report will b 4nsde
public, : for there is an enormous amount of
work to be done. When 11 did this work In ths
Twin Falls Irrigated district last year I worked
from January until Jun, another assistant
worked. from February until June and another
started in March and worked nntil June and a
fourth helped in May-and June snd ths work
was not nearly aa extensive or complicated Ss
that being dons now.' When we get this' work
dons, howevsr, ws will havs s Very accurate es
timate of whst it costs to produce a bushel of
wheat in the Pakiuse country." " .
Mr. Hunter made this statement in reply to
a request from The Jonme.l for th results of the
experiment, or Investigation, which started sev
eral months ago. )
Forslgn Exchange Market
New York, Aug. 21. (IT. P. ) Quotations
wer slightly easier at the opening In foreign ex.
changetoday. Demand eterhng waa off He at
$3.504 44 franca, .07 10, up .0001: lire. .0487,
unchanged: marks. $195. off .0002; Can
adian dollars. .8835
. Demand sterling 'closed st $3.59 K, off tie;
francs, demand.' .0708. off .0001.
Lire, demand. .0466: lire, cables, .0466;
marks, demand, .0194. off .0003 Canadian dol
lars. .8836.
7 Ho ltt.rtaw whlta. 7le Iht-plnk. 8 He Its.;
lima 12He; bayou, llcj reds, 10Hc; Ore
Ion besns, buying pries, nominal. 5 He lb.
CANM.B lllLK Carnataoh. $6.50: Borden.
$8.6U: Aston $8.40; Eagle. $12.86; Ubby
SU.50: JM onat Vernon, IMO t ease!
SCOFF EE. Koaated. 84 4 So ia Sacks oe
drums.
BOD A CTtACKEBS In bulk- -20 sr Th.
NUT6tWsinuts. 35 40c pit m. t almonds.
8 He; filberts, 32c in sack tots; "peanuts, is
ttlSe; pscsns. 25c; Brsxihu 85oT
-1 ' Itos, stnts, OlU
ROPE Sisal, dsrk. UUei wklts. en. M. .
standard Wvmla. 2SHc
LINSEED OIL Raw, bbhu. $1 8ft Sat..
kettle boiled, bbia.. $1.71; towTeaaii, $1jb4:
boiled, eaaey $1.88 sallow. '
COAL OIL Pearl or water White In draaS
or iroa barrels. 17 He gallon: mas id.
gallon. y ' !."-'..' .
uisuLLT iron osrreis, 29 f 80 H si
tlH'l Snam distill to, iroa barrels. Ids;
WHITB LEAS To lots. 15s; 600 lb..
16 He per lb J
TITUI-ICNTINE Tanks.' $2.26; esse. $2.41;
10 esse iota, Is less. TV"" '
- Hops Wool and Nidss -;
HOPS Nominal. 1919 crop, 7 Oo pound.
tiLUKS Salt hLles I all welehtal . llV-
hIJes all wewbts). 0c; green or salt calf (un
der 15 penudsH 2022ct green or aalt kip I IB
m ail It.. . i w 4a sn ... i. i ii. fe-. . .T
7ei dry hides, 80c; dry sslt uidaa, 16c; dry calf
u surr tos.i, ac to.-
. SALT HOUSE HIDjfiS fLami si
alt bora hides (medtuial, $3 ach; salt hone
smtj isrnaui, eacn.
PFXTf?" Drv fine ton wl n.n. m., j
medium long wool pelts, 12c dry soars km
ww iiis.' ,wir in. - .
. oLT ,Pi;LT.5TSfJt k?fl 1 pelts, $2.00
3.00 each: salt lamb rlt li-i . .J?.
shjseriinss., Hi 9 Sue ; ah; aalt cUppera, IS
f'. irlVTA,SA9?' 2BcJ hort, 16e lb.
.IS. 2, OC
Wo. 1
peel.
telio, 7e:
P? AltK Me, - g-i, t He U.., old
Campaign forlSaving Meats
Is Started by Stockmen
Millions of pounds of meat will be
saved for ths nation's supply if a nation
wide campaign to ellminlate 'avoidable
losses on livestock, details of which: wers
announced at Chicago by Everett C.
Brown, is successful. Mr. Brown, presi
dent of ths National Livestock exchange,
is also chairman of ths national conference-which
will conduct ths campaign.-
. Mr. Brown announced ths appointment .of
largs . advisory sad publicity committees - repre
senting railroads, producers' organtsatirm. live
stock, exchangee, stockyard, th Institute of
American , Meat Pscksr 1 sad shipping associa
tions : throughout ths TJnitsd State. , . ,
As Indicating the importance of tho work,
Mr. Brswa stated that sn expert report" made
to the conference by a representative of the
Institute of American Meat Packers estimated
that last year - bruises akme had reduced the
nation' meat supply by millions of pounds snd
had caused a monetary loss approaching $15,-
000,000. i
: Producers and members I of shipping snd live
stock organizations appointed on ths commit
tee include John O. Brown of Monoti, Ind.,
president of th Indiana federation of Farmers
associations; K. E. CompsOn. of Romas, Mich.,
president of the Michigan ICnoperativ Livestock
Shippers association; Martin Sar, of Essex, lows,
secretary of ths lows CoopSrativs Livestock Ship
pers; W. A. McKerrow of j University Farm, St.
Paul, Mian., secretary of the Minnesota Central
Cooperative livestock Shipper association: Her
bert W. Mumford, of Chicago, manager of the
livestock department of the IUinoia Agricultural
association; W. J. Carmicltael. also of Chicago?
seereter af ihm V,tlsn.l i awn flfMM, -MA-
ciation; A. Sykes. of Ida 6rov. Iowa, president
oi uie mm neit ileat producers sssodstionj
John H. Cockcrhan of LuIle, La., president of
the Southern Cattlemen'! association; J. H.
Mercer of Topeka, Kan., secretary of the Kan
sas - Livestock association. Sad J. - W. Coverdal
of Chicago, secretary of the American Farss Bu
resn rederation. , j , - .
Wool Trade Is
Still Erratic in
The Boston Market
. Boston, Aug. 21. Now and again a fairly
sisabl lot of wool is reported sold by th dealers
along Summer street, but for th most part
the demand is still of s retail mature, i Manu
facture cenerally are confining their purchases
to sample lots. Where th larger sale havs
occurred frequently it hs been . at the expense
of values, but not always. A few sals have
been 1 made during th past week or two in
which prices were dictated by th dealers. Such
Instances hV been those involving some special
lot of wool, however, and the price paid is not
really typical of th market- Altogether it is
fair to say that th market is still erratic.
Ths mills sre moving with the utmost caution.
They cannot afford to forget that th - present
tariff is conductive to large imports of foreign
goods snd so assurance must bs mad .doubly
sure, if poasibiiV before good or put upon th
market and priced for another season. To b
sure, soms goods have been shown, but ss they
hsvs not attracted ths favorable attention) hoped
for. the coarse of action which ths leadinS factor
in the manufacture of wool will take nrnaia
to he seen. , At th present writing, 'it i
believed that . the American Woolen - company
will take some decisive step by th middle of
September but th' management is not committed
to sny definite line of action.
The receipts tor ths week wers : DcaneSUe.
5,704,025 pounds; , foreign, 253,886 pound.
i j r .'
AMERICA LIVESTOCK PRICES
Ohlssoe Hoes $18.78 r - t
Chiesgo, Aug. 21. 1 1. N. 8.) Receipts,
4000. Steady to Ids higher. Bulk, $14.16
15.00;tor, $15.76; heavyweight, $ 14.50
15.45; .medium weight, $14.85 15.75;: light
weight, $14.00915.75; light lights. $14,004
14.50; heavy packing sows, smootji. $14.16
14.35; packing sows, rouah. $13.75 14.16;
pigs. 313.00 14.75. , ' i
Cattle1 Receipts, . 1500, stronger; choice
steers, other ranged 60e $1.00 lower; best
cows, csnners, : vesl calves slesdy; medism: cows,
75el $1.00 lower; ' stackers strong, i , i -
Sheep Receipts, $000, mostly direct; com
pared with week ago; feeding stock steady to 25s
lower. ' v
!."-. Sana Ctty Hoos Rsmlnsl
K.neea tjity. Mo,, A eg. 21. (L . 8.
Cattle. 1500; no market. f
Hog 200, no market: one sal at 813.00.
". Sheep 1600, ns cartel.
St. Louis Hses S1S.BO f ;
St. Louis, 11L. Aug. 21 L N. s.) Cat
tle Receipts 1100; steady, native beef steers,
StS.50i 14. SO; yearling steers and Heifers,
$11.00911.50: cow. 7.008.00; svneken
snd feeders. $8 00 12.50; vssl osJves, $18.26
St 13.60; eanner and cutters. $4.00 1 5. SO,
Hogs Receipts, 2800; 10c to 2 Oe lower.
Mixed "' nd butchers, 815.10& 15.35: good
besviea, $14.00 r 14.78 ; rough. $12,509
18.00; lishat. $ 16.36 4 15.60; pigs, $12.60 ay
I5.0; lmllr, $16.25016.40 -
Sheep- Keceuite, 500 : steady. Mutton swee,
$.5097.00: lambs. $9.00 10.50; canners
and sutters, ft. 6044. 60. r
- Pnve Mofs, $18.00 :
Denver, Colo.. Aug. 24. (U. P.) Cattle
receipts. 800: steady. Rteers, $3.00 8.00;
sows and heifers, $8:00 9.00; ttoekers sad
feeders, $8.90 t 9.00; cslves, $7.50 49 11.O0.
Hoes- Heceipts, .f00; steady. Top, $16.00;
bulk, 314.73 Slff.s0.
Sheen Heceipts, 800: stesdy. ' Lmb,
$10.60 1 1.76 s- ewes, $8.80 9 6.00: feeder
Ismbs, $10.00 ss 11.00. V
Omaha . Hoos, . $18.00 '" -
Sooth Orhaha. Aug. 21 tL N. S ) Hogs
Receipts. 2500; mostly 10926e higher;
closihg steady. Bulk, $13.85 49 14. BO;: top,
$15.00. ,
Cattlo None; stesdy. .
; Sheep None ; nominal. . .. :, -
! Xew Tork Bask Ststemest V
Kew York. Aug. tl.Bank statement:
Average Loan, ineraaae. $23,998,000; de
mand deposit, decrease, $19,319,000; time de
posits, increase, 6400,000; reserve. , increase.
$3,802,560, " ,
Actual Loans, increase, $4,178,000; demand
deposits, increase. $38,089,000; time deposits.
Increase, $570,000; reserve, decrease. $17J.47,
2U0. ;
t ' Mlnsea polls Flax Sisrket .
MinrAnnoiU, Aug. 21 s (I. Jt. 5.1 Jrisx.
Usck. $3.20; artivs. $3.28.
Heavy Yield of
Wheat at Walla
Walla Reported
Wsfl Walla, Wash.. Aug 21. Wheel yields
st front 40 to 6S bushels to ths sere oa tbs
sversgs are being reported from ths heavier
land section of Walls Wslla st the grain Sgea
cies here snd one ranch east of th city reports
wheat so high that the table of the combins
harvesting it had to b raised in order that ths
machine could take car Of the straw. ' Part
of this ranch are said to hsvs yielded 70 bushels
W ths sore. ; ... . . -
Ths farmer in this section srs not selling
aa yet ia large quantities, the most of th sales
being only snoush to satisfy loan tor th pay
ment of harvest wage, which are th best
this country haa evsr known, Orsitt men still
contlau to ship sU etsilabls wheat to ths coast
under ths low rate. i
Early Italian prune started from tie valley
this week, each of ths produce companies hers
handling a few.- - Ths majority of thee at from
the stats and -ttilton-Freewater .rsgion. .
OFFEBIXfJ ABSORBED I IT COTTOIC
AND PRICES BULK HIGHER
New York. Aug., 21. ( . 8-1 Tb cot
ton market had sbT active and thrallj weaker
opening today at a net decline of 13 to 32
point, except July, which Started 6 points hith
er. At the cmtoet favors Mo weather-news from
the belt appeared to b offset, by local and hedge
selling., but as soon .a these offering were ab
sorbed, the list became Stronger and shot up 32
to 60 points from the low 11. , - ::
Increased short core ring 1st is the day caused
s Very stesdy tone, August closing 486 points
higher while the other positions showed Bet gains
of 25 to 65 points. i . .t.
Famished by Overbeck 4b Cooks Co., Board
of Trad building: i "
Open. High. jmw. Close.
Jsnusry . . 3510 2569 2500 2585
Febhisr : .... 2560
March 2493 ' 255(1 245 - 2560 .
April ... i '2540
May ...... 2476 2680 2478 2530
June ...... .... . . . J . .... 2520
July .,....'2476 2816 1476 2616
September .372S 2728
October ..,. 2680 - 2760 . 2676 2742 49 50
November.,, ....... .1 ..,.- 2000
December ... 2594 265ft 258$ 2648 0 50
New Tork spot tasrket, sasds., $860; quiet;
ttxtchsnged. ..
FOREIOW ZXCHAUE RATES
Corrected daily by foreign xcbng depart
ment of ths United State National bank.
Opening nominal rates tor Sank transactions:
Drift
Checks. '
Lender! Pounds
Sterling .. .$ 3.69 H
Pns Francs. 7.09 tt
Hamrmrg-Iiremen
Marks .... .1.97
Genoa Lire 4.67 .
Copenhagen-
Kroner . ,
Christian ia -
Kroner , . ,
Stockholm .
Kroner .
Hongkong
Currency
Ja tn-i-Yen.. .
Shanghai .
:. Taels .....
Csbi
Transfers.
0H
7.10
1.87
4.67 H
ll4:7S ' v
i ; ,
'14.78
14.70
14.70
20.40 e 20.45
81.25
62.60
1.15
81.78
.62.79
I 1.16
Par
r alias.
4 4.8663
1U 80
23.81
' 19.30
26.79' .
26.7$
26.79
49.84 -
Liberty Bond sales
Furnished by Overbeck
of Trade building:
- Open.
IJtwrty, $HS .... 8906
Liberty, 1st 4a... 8486
Liberty. 2d 4s.... 8446
Liberty. 1st 4 Ha. 8484
Liberty, 2d 4Ht. 8438
IJberty, 8d 4 Ha. 8t84
Liberty. 4th 4 Ha. 8476
Victory, 4Hs .... 95G6
Victory. 8$ .... 9568
St Cooks Co., Board
HTsh,
8P9S
8436
8446
84S4
8434
8790
84H3
9580
IjOW.
8900
6434
8428
8470
8488
8782
8478
9536
9368. 933S
Close.
8992
8484
8430
8470
S444
8782
8478
6350
93&8
HIGHER LEVEL IN
CLI
SING SESSION
, i
New Tork. Aug. 2t-(U. P. United
States Steel waa quoted st $$V4. off H.
at ; ths opening of tns stock ' exchange
today. .Mexlean Petroleum was 169, up
Ht Canadian Pacific 120. up 1 1 Texas
company 47. up M ; General Motors un
changed at i BalUmors St Ohio 8$.
up: Republic Iron Steel 82, up
t Bethlehem B 75. up : Tobacco
Products 63 ft, ttttchanged ; Pan-AmsH-can
85, up H : Reading 9H. up-H ;
U. S. Rubber .85, up U l Cruclbls 136,
UP r : '
-Ths msrket elosed higher, t ., .1 rf-
Ths msrket swung upward i during ths last
half hour of trsdlns and Taxes company .tnsds
s new-tiigb on ths move, st 47 H- Vanadinm
also made a new high en the move st the
closS to ,78. BsUil Stores got sbovs 68.
Furnished br ' Overbeck V ! Cooks compSDy,
Board "ot Trtde bulldins,
lt nflfll'llOM. I Open High Low I Close
Jfew Tork Sngaf aad Coffee
New Tors, Aug. 21. (TJ. P.J C of lee Ka.
T liio. 8 He; No. 4 Ssntos, 14 H 49 16c.
Sugar Raw, dull: $11.00 012.04; refined,
duUi crsnuUted, $17.10 0 22.60.
Ataka OsU . . . . .1 1H
AlliS Chalmers ....1 31
Alios Steel . . . . .1. . .
Am. Agr. Chem. 77H
. .....
ui. xc,t -ougsr . .1 . . ,
am. can. o...... a t
Am. Car rdy...,.ll84H
Am. IL A U, e. ..( 14H
Am. H, t L.. pfd,.l 75
Am. Int. Cor. . .1 72
Am. Linseed, .... 71 H
Am. I.oco.. C.....I 98
Am. Ship 4c Com..! 21
AS. Smelter. o....( 55
Am. Steel Fdy . , . .l 86 H
Am. sugar. C.....I114
Am. Sumatra Tob.'.l 84
, u. m i a ft. . I
Am. Woolen, c. . ..j 78
am. writ's Ps.. pfdl 61
Anaconda Mining..) 62 H
Atcbisoni s ......I 81H
At (iuif ss vt; i..naa
Bald. Loco.. ...... 1105
Bait.- Ohio. C...I 88
Bethlehem Steel, B.( 73 H
1'ojch Magneto . . . . 86 ta
uroosiyn at. T.
Butte se Superior.
Cat. Packers' Assn.
Cat Petroleum, c
: do pld .......
Canadian Pae. . . .
Central Leather, c.
Gerxo de Pasco. ...
Chandler Motors ..
Clies. A Ohio ...
Chicago GL W., e
. do. pfd . . .,
C., M. St. P.
Chicaao tc N-W.
Chile Copper . . . .. '.
-nino stopper . . .
UoL Oas s Elec.
Colo. V. A L ...
Cons. Gss .......
. i . .
vorn rnsu., c-. .
Crucible Steel, e. . ,
(Jot. lira pnopfi one. .
Cuban Am. Sugar...
Cugn Can Sugar. .
Denver A B. G., c.
do pfd ........
Erie. c.
do pfd.
Fisk Tire .......
Oaaton Williams - , ,
General Cigars . . .
General Klectrio . .
General Motors . . .
Grsnhy Cons. . . . .
Gti Northern Ore..
Cti Northern By..,
Greene Cananea ...
Gulf States Steel . .
Ice' Securities . . . . ,
Illinois Central
Industrial Alcohol..
Inspiration Copper..
international Paper
Ink Mer. Marine, e.
do pfd.
int. .Diesel
Kaa. City Bo.. ,
Kelly Springfield .
Kennecott Copper .
Keystone Tire , . .
Lackawanna Steel..
Las. tan. Players..
Lebikh valley .
Maxwell Motors, .
Middle States Oil.
Mexican Petroleum
t : : v.
Midvals Steel ....
Mo. rscific. s.
do. pfd. t . . ..
National Enamel .
National Lead . .
Nevada Consolidated
New Haven ...
N. ST. Air BrskS
N. IT. Central .
Norfolk A Western
Nortbern Pacific
Okla. Ret. A Prod.
Purs Oil
psa A mer. Pet., c
Pennsylvania By.
People Oa , . .
Pierce - Arrow . .
Pierc Oil
Pittsburg Coal. c.
Preased Steel Car, e.
Pullman ...... .
Ray Cons. Copper,.
Ry. Steel Springs. .
Reading, c, .....
Roysi Dutch . ; ... , .
Rep. I, A S., c. . . .
Retail Stores .....
Bock Island, c. . . , .
do pfd., "A"., .
Rhattock Copper
Sinclair Cons. . . . ,
Sloes Sheffield . . . .
Southern Pacific .
Southern By., e. . .
Stromberg Motor . .
Studebsker, c . . . .
Shell . .
St.; L. A tL
Swift A On. .....
Tenn. Copper . . . .
Tata OU .......
Texas Pacific . .. .
Tobacco Producta. . .
Transcontinental Oil
Union Pacific c. . .
I'nion Pacific, pfd.
Union Oil of. Dl v.
United Food Prod".
D. 'S. Ttubber. c.:i
V. S. Smelt. : Bet.
U..; 8. Steel, e. . . i
do pfd. ....... i
Vanadium Steel... i
Virginia Chem., e.j
A'sbssh , ,.'s,.f
do A .........
do B .
Western Union. . . .
Westingh. Electric .
White Motors ..... i
Willys-Overland ". . .
Wool worth ........
Worthington Pump.
67 H
20 H
8
120
65 H
86 H
67 H
'21
88H
70
14
28
35 H
78
88
136
23 H
41
86
id"
12H
10
27 H
142
!i4
81H
73
'644
7H
25 ....
73
20 "''
16 4
77
24
17
68
72 ,
iin
dll
89H
25
44
69
74 H
11-
83H
a S -
71H
90
78 .
a
88
85
40 H
89
. 18
ei r
95 1
1UH
89 H
81
82 H
67 H
64
26 H
66 :
n
It
108 H
9
47
84
S3 H
10 H
117
27
86 t
68
76 H
"'
24 H
82 H
1SH
-int
81
"77
72
4 b
. n
23 H
82 H
16
si
T"
60
'77 H
134 H
14H
73
72
70
93
21
65
as 4
"114
84
78
49 U
62 H
81 H
1S6H
luSH
37
75
88 H
67 H
26 H
68
121
54 Jt
86 H
67 H
i
21H
83
70
14
25
33H
11
135
23
41
86
s
10
12 H
19
27
142
21
88
81H
72
'64'
65H
64 H
ltW
78
20
18
II H
17H
ii
169
8H
25 H
43
59
74
11
83 H
!
I1
90
78
8
88
85 H
40
a. t
39
12
61
95
111H
89
1H
83 H
67 H
84
-
26 H
66
62 H
ST.
72 4
82 H
49 H
24
106
68
10
117
5t
88 H
764'
24 H
82H
16
'"win
80 HT
40
77H
78 H
84
183H
18
78
70 H
95 H
21
65
SSH
114.
84
96
78
50
62 '
.81 H
13JS
10
88 H
76H
so
H
10
ST
28
67 H
110
64
87
86H
$7
:
21
88
70
18
26
63
83 '
78H 88
185 H
23
41
88 Mi
. 4
10
27
9
62
140
82 i-
if
72
24 H
64
87
24
73
20
18
76
13
68
71
44
11
11
169
18
89
25
48
59
"
88
94
78 ;
90
72
' 8
86
66
40
26
89
12
81
86 H
111 H
14
68
80
81
Si
84
27
67
92
26
48 W
24W
106
47
84
68
lfffa
117
64
86
60
66
106
7Z
66
9
25
IS
82
u
IS
105
SI
ONLY GATTLE ARE
HOLDING VALUES
North Portland Market Is lower fop
Swine and Lambs Hogs Are Much
Higher ThsUi the East. ,
. : PORTLAND LIVESTOCK TtTTX T
Hog. Cattle. Calves, gheefl.
This week... ,,,..8228 , 1756 , 221 SAftt
Week so kssn lint S78 nsT-j
Two week sgo,... 2496 8176 .864 ftftflO
Four weeks so... 8228 2318 209 9775
Tear ago 2T39 2043 . 297 4888
Two year ago. ... 808.1 " 2.106 76 4758
Three years ago, . , 18684 2974 . 163 8000
roar years aso.... 2311 143? 184 6336
All livestock, except cattle, wers under
pressure at North Portland for ths week.
Receipts included. cars compared with 172
a year ago. 136 two years ago, 161 three
years ago. Closing prices for ths week
compared with ths stmt day In other
years :
: Hog. : Steers. 7,smh.
Saturday i,. $17. 25 $10.50 $ 0.60
Year ago 31.50 . 11.60 .18.00
Two years sso. . ao.00. 18.50 15.00
Three years sgo... . 17.00 '. 8.75 18.00
Four yrs ago.,., $.10 8.00 8.25
Wheat Is i Lower
.In Chicago at
Endjol Trading
Chteaso, Aug. 21. -(L N. S.) Local bear
ish presaur exerted Itself soon sfter th open
ing today, sharp declines rssultinf. Price is
sll rains clossd ' lower ted near tb bottom
plies for ths das. December whsst finished
3H 494H lower; March. SH down September
corn closed 2 offj December, le lower.
nd May. 1 as 1 o lower. September oat
dropped 49 le for th day; December. 1 Sf 1 Vk
off. snd May, 1 4yi lower at th finish.
Weakness in wheat, future ws dus to the
falling off is export demand snd s report that
Canadian whegt wa sold at th seaboard yes
terday at 10e under domestic grain.
Continued beneficial; rain wer reported hav
ing fallen over Wisconsin. Indiana, IUinoia and
Missouri last night - 'This led to ire selling
snd s lower rente in corn.
Oat futures lacked the indlridiul tnsp that I
was 0 evident for ths post fewdays Snd fol-sj
lowed th downward trend of corn. 1
Hot products closed higher for ths day oa
good buying support credited to packer.
Bsrigs of Chics go price'' tt furnished by ths
fTnftait .,s, 1 ,
61
Tntsl sales, stocks, 233,700: total MlesTboads,
$3,835,000; weekly stock sales; 2.133,600,
SHORT-TERM 7TOTES
Quotations furniahed by Clark, Kendall at
Co., Inc.
Security - Maturity. BKf. Asked.
Am. Cot'a Oil 6... 9, 8,1924 69 90
Apt. T. A T. 6s, . . .16,. 1,1922 63 - 93
AVi. T. A T. 6s.... 2. 1.1924 92 92
Am. Thread 6 12, 1.1028 03 96
Am. Too. 7a.... ...11, l.tSSO 19 4 IdD
Am. Tob. 7s. .... ,11. 1.1021 90 100
Am. Tob. 7. ......11. 1.1922 99 9
Am. To. 7s. .... .,ll. 1,1928 99 96
Anglo Am. Oil 7HS. 4, 1,1923 98 98
Armour 'on r. 7s... 7.16.1980. 96 96
Belgian Gov. 7 Hk.. 6, 1,1943 97 '67
Belgian Gov. 6s.... 1. 1.1921 68 :9
BeuriaS Gov. 6s.,.. 1,. 1.1025 91 62 .
Bethl'm Steel 7a. . .. 7,16,1823 9S 9
Bethl'm Steel 7s..., 7.15.1928. 96 07
British Gov. 6 .. 11, 1,1921 96 66
British Gov. 5HS..11. 1,1932 '80 90
Canadian Gov. 8S. S, 1,1621 97 96
Canadian Gov. . . 1.1929 91 91
Cudahy Packs. 7s.., 7.15.JU23 97- 97
Inter it. T. 7s.. ... ft, 1,1921 88 .. 62
Japanese Gov. . . 7.10.192$ .' 70 91
Kennecott Cfp. 7., 2. 1.1930 97 97
Ligg. 'Myers Tob. 6s. 12. 1,1921 97 67
Moiin i-iow is..,. . l.tszu - l'JO
l.lit
MoUnS Plow 7s
9,
!2t 97
99 -
Moline Plow 7s,.... 9, 1,1922 08 98
Moline Plow 7.... 9, 1.1923 95 , PH
Molin Plow 7 . . . . 9,.' 1.1924 94 ' 97
Nor Psc. qr. Tr. 7s 5.15,1922 99 101 -Pacific
Gaa Klec 7s. 5. 1,1025 98 .97'
Swift 6s ......... 8.16,1921 - 97 98
V. a. Bubber 7s. ...12, 1,1923 97 98
- Kew Tork-londos Silver
Kew Tork, Aug. 21. (L S. 8.) Ccmmer-
eisl bar silver; Domestic, unchsnged st
$1.01 ; foreign, tine hanged st $1.01, ; ...
London, Aug. 21. (L N. 8.) Bar silver
was unchanged today at 63 d, .
, :- , :-- - j. ma . i ..''
. t i " SahTroassry Statefnest -
Ifetr Tork. Aug. 21. (L N. S. OarlSg
nous statement: : Sub-treasury debit. 698.477;
axebaage. $049,768,128; balance, $68,676,549.
. ! - -r- .; ."v.
J Kw York Pptato Market
New Tork. Aug. 2 1 . jf'otat oe (In balk, bar
rel ot bag) Market firnf. Nearby white, $3.00
6(4.50; Southerns, $1.0004.73.
. twin Prists Are t)wn
Thrs wa s further loss in th4 pries of swlns
for th week st North Portland. A very good
run was shown, snd ss ths Eastern situstion ha
been extremely weak-of lata, ths tocsl trsds was
influenced - somewhat Prices hers continue tsr
tn excess of those shown mat ot th Bockios, and
ths new freight rates sr likely to Bosks ths dif
ferential vn greater.
: General hot tasrkst rsngst '
Prim mixed .....$ 1 6. 80 1 7. 2 8
Medium mixed ............... 16.00 1 6.60
Boush heavy ................ 10.00418.00
Smooth heavy 18.00 18. Bo
Pigs .... ... 12.804918.00
ll'.r::ly. Osttls Msrkst sttsr
-.-' Slightly Improved situstion was shewn la th
eatti alleys St North Portland for ths week. At
the start of ths week th demand appeared some
what better, bat this Improvement was not suf
ficient to enable raealvar to fore prices to a
higher point- .
-General cattl rngi. ' jK
Cl-oic trass steer ......... ..$ 6.66 A 10.00
Hood to chciee steer .... ..... 6.3069 0.66
Medium to good steers ........ 7.60 "8.10
Ftir to good steers ........... 7 00 49 7.60
Common to fsir steers ', . , . . . 6.00 -7.00
Choie cows snd !heifers ....... 7.25 ' 7.60
Good to ebolc cows snd heifers, 6.25 7.28
Medium to good eow snd heif era, 6.259 6.23
Cannars ,'.,..:- 2.759 4.78
Bolls ...................... 6f)0i s.00
Cholea dairy osttls ........... 8.0016.oo
Heavy caJves T.10 9.0O
Ist light calvss .. . ll.S0t0 1S.OO
Best feeders f.0049 7.60
lafr to grwd feeder rteers.,. .... 6.60 49 7.00
rair to good 6.76 49 1.23
-i-N-'lmbs Assls Lewsr . -.: .
Lambs continued their downward pries ononis
in the North Portland alleys for th week. Kil
lers were not anxious bidders at sny time, and
this resulted to a dragging trsds sll through ths
period.- Mutton wss considered about steady.
General ibsep 'nd lamb rsags:
P rinse lamb ,. ...$ 6. 00 49 6-09
Cull Ismbs ................. a-ona 7.00
TearUnas . . ,...,6.009 T.2S
Wethers S.OOt 6.60
jEweS ................ . . . ... 2.2$ 9 6 00
:t i f-'S:: Dlspesitles sf Itlvsstssk;1;:::,
FoUowing wa the disposltioa of &stock st
North Portland for ths week: :
Delivered to Cattle. Calves. Hogs. Sheep.
Bennett Meat. .,....: 27 . ....
Barton at Co. ... . ! 126 " ,. . , -140 708
Carsten Pkg. . . . . . , V 319
Otto Chambers Pkt ''. i . . . ,
M. 3. Gill...... i 24 .,-65
Henry Pkg. Co. . , T 204 . . ... 833 . J.08
T. R. Howttt. . " : 67 - 809 ... .
Obsrls A Nelson.. 88 13 .... 310
F.- L. Smith...... ., vf ... 7
8chleser Bros. .. i 66 , . . --' . L i 79
Sterrett Pkg. 00 , ., ... 12 ' 64
Swift eV Cs.i. 146 ,V 1451 .:
North. ,-.... . , . , : '; , . . :: 868 , . 3841
Miscellaneous..... 128 : 26 .... 43
Through rtock ., 206 . . 118
Oregon feeders. . . ; 826 ; 8 "V 131; . $2
Washington Jfeeders .. , , , 18 ' . .. , ' 05
PACIFIC - COAST B A XX STATEMEXT
Claarlnea -
Monday . ...$
Tuesday' . ... -Wednesday
.
Tbarsday , , ,
Friday . ....
gaturdsy ...
Psrtlsnt Bsnks
This Week.
T.157,679.79
6.715.275.08
S.647.136.84
6,764,067.16
6,261,958.66
8.280.016.80
Tear Ago.
7,943.271.76
5.880,808.33
6.808.120.10
4.912.823.61
4.438,904.41
4.818.829.45
Wk .... $33.618.281. 8 $$2,632,333.36
Tasoma Sank.
Saturday ...I
Saturday ,
Ssokans Banks
Saturday .......,...$ 1
Saturday t ........ .
Stti aana
Saturflsy '',...,,,$ 6
Saturday . . . . . . . . . . 1
. a.es stnflw wanes
Clearings - Saturday ........ . .$11,631,227.60
Clesrings
Balsnoes
Clearings
Balances
Clearings
Bala nee
t69.063.OO
102,744.00
,88S.$4.0O
833,187.00
522,IS9.0f
370,728.00
Kw Tort Wool aad Hides'
New Tor. Ang. 21.--Wol Market irregu
lar. Domestic fleece XX Ohio, 40 49 60c;- dw
mestite pulled scoured basis, 40e 49 $1.16; do
mestic Texas scowred basks, 60c 49 1.20.
Hideo Market, demand improving; native
steers, 2B26e: branded steer. 24 49 25s.
WHEAT "
Open. I High. Irw.
...288 j288. 231
...288 i 239 238
CORN
September ....144 j 14A 141
December ....123 1128 120
BARLEY
-1 setae
.104 1 104 104
..--,-! Q AT 6
September ,
December .
Deeembef
March ...
September
December .
September ....
October
September
October
September
October
66
60
2410
3480
1818
1630
I486
1680
Close.
232
283
142
120
108 r
104 V
' 66
67
2458
2360
1843
1880
149$
1546
2 red.
2 hard.
68 i 68
68 i 68
PORK
3418 j 1478
2496 I 2676
LARD :
1617 i 1847
1870! 1680
- BIBS
I486 j 1500
1685 1662
Cash Wheat No. 1 nd. $2.54: No.
3.6893.84; No. 3 red, $2.62; No,
82.01 g 2.58. -
Mid-West! Wants S3
For Its New Wheat;
Says It Wm Hold
'Kansas City. Mo.. Aug. 21." (I. N. S.)
Farmers - ot Missouri,! Oklahoma, Kansas sad
Nebraska will hold their 1921 whsst St S
terminal market price Sf $3 per bushcW '
This Intention was atsds i known hsrs today
following a conference; st 6 local hotel 1st yes
terday afternoon, ., 1, -
Cnlsas th pries I met,! delefetst Speskint
for ths Farmers' union declared today, all farm
en will b rsqueetsa to withhold th $rsis from
ths market. - - t r
A resolution adapted at th meeting voiced
bitter protest asunat recent manipulation of
th wheat market.
.---:.4. ; f ! i. : ;:.""!'
Kansas City Will
fight for Advance
Kansas City, Mo.. Ant. 31. (t N. .)
Ths Kansas City Livestock Exchange has thrown
down the gauntlet to; SecraUry f Agrieultura
MarerUth. . --- i- - ' ' . -
Acting independently f other like organisa
tions, the exchange today instructed its legal
oounsel to file an injunction against Meredith
enjoining him from carrying out hi threat t
revoke' federal commissjoa license unlraa step
were taken by Monday to dlscootinus incrsssed
charge for commission sarvlcea, ;
. The session here today waa Sttended by sU
atsmbers of ths local ; exchants and s fw rep
resentative from other cities. The flaltors de
clared they would initiate, Indlvldnal action,
Srobsbly following th toad I ssteblishad by th
:ansas City men. j r ' " i '!
Aeeordidk to I. N. I Watson, attorney for tbs
stchsngs. ths injunction will bs fUed Monday,
Slowing Down of ,
Business Coming
" - .. " -: -.""';,";" : " I ii ,: ;:- I : .j;
'Ths mreftfture upon lnduatrlal toekB,"
states Walter Brown, editor of the New
York Commercial,! "is, In a measure, a
foreshadowing of further slowing down
of business, but it Should not bs taken to
mean that any serious commercial de
pression Is in sight. Wherever such slow
ing down has occurred, it has been as a
result of an elimination of non-essentiala
or ths deflation of unnecessary demand
or of extreme prices. Always bearing in
-mind the fact that; there can be no pro
tracted commercial depression where
there Is no great over : production, and
where largs crops land high wags scales
insure a . continuation of purchasing
power, ' It must be borne In mind that
auch deflation as occurs in- this manner id
really a steadying influence upon the
trade In general. A certain proportion of
our prosperity ha 'been of the hectio va
riety and ths sooner this is eliminated
ths better it will bs."
Xavat Stores Market
S.) Turpea-
rk. 11 no
Tork, $14.80.
New Tork, Aug. 21. (I. N. S.
tine Savannah, 6t.4t: New Tsrk,
Bonn Ssvsnnab. $13.56; New To
RRICE
92.65
r " mmmmmmmmn
TO YIELD
Wo
Weekly.Statement
Of, Federal Bank
Shows Incresa
Aggregtt Increases of $26,700,000 in earn
ing asset and a further addition of $27,300,000
to federal reserve note eireulaUoa srs indicated
ia ths Federal Reserve board's weekly bank
statement issued ss st clous of bulnr on
August 18, 1090. Cash reserves show a gala
of $1,100,000. while net deposits decreased by
about $6,000,000. with a consequent slifhl
decline of the banks reset r . ratio from 4 4
to 4$.0: per cent.
Holdings ef bills recured by government w
oMieatlon increased by $11,600,000, oi1
discounts on . hand by $27,600,000, h;.i
l-ohliyiga i of acceptance bought in open market
declined1 by $16,800,000. An increase
86,800,000 in treasury certificates nn hat
(a due largely to th issnane during tli we.
of $9,000,000 of special certificates lo t
Brton and Philadslphls banks, and the hnu t
tlon byi th New Tork bank of $2,60u,uu3
ot certificates temporarily pun-ha-ed.
Of the total ot about $1,297,000,000 l
bills secured by United States war ablest i i
held. $647,000,000, or 48.9 per cent, we.t
(ecured !by Liberty bonds, $$16,400.0(i(). ii
24.4 peri cent, by Victory notes, end $3.'.7n .
000, or! 26.7 pet cent, by treasury eertifii-au-,,
as against 46.1, 25.1 and 24.H per rent -!
s eorrexpondlng total of $1.285, 400. 000 re
ported ths week ehfor. iHscoiinted pair h- i
by tbs Boston, Nsw Tork snd Cleveland ?'
hsnka-ia lncluairs of $134,800,000 of pn-i
discounted for ait reeerv bank in the a. i
snd middl west, compared-with $160. 900, uu I
th week before, while acceptance holdings ol
th Boston, PhiUdelphia, Cleveland and t o
Frsnoiso bank Include $47,600,000 l
bankers -bills purchased from the New To s
and Chieago batiks, compared with $S3.fi06,Gv j
reported at ths cine of the previous we.k.
Government deposits show s reduction r I
$9,200,000, while members' reserve deposits i t
creased by $17,600,000, od other depn-l s
rccludint foreign government -credits and r. i
members' clearing' accounts, ineeeased by $'2ui).
000. The "float" carried by th reserve banH
and treated aa a 'deduction from gross depoou
shows a gain of- $14,800,000. As a ron-
quencee Salcslated net deposits, $1,6W2,600. ,
are about $6,000,000 smaller than th we, -i
before, i Substantial increase in federal ervern
not circulation are reported' by the jw
Philkdelphia, Cleveland and Richmond t
tb total increase for the a rite in being Hi.
300,000. In addition; there was aiao an i
crease of $2,100,000 in federal reserve 1,
not circulation.
Gold reserve declined by $8,800,000, '
ether sash reserves show s gain of $4.4" i i
Ths unuauslly larj Itiefeas of $1,210.1
th paid-in capital of th reserve banks .
largely to Increases in ths capital an. I
account of existing member In th New A
Iticbmond snd San Francisco dutricta.
New Booklet Issued
By Bond Broken;
Bulletin No. 1$B, In booklet form an
carrying a particularly attractive list ol
Northwest municipal bonW, haa just
been issued by Morris - Brothers, Inc.
"Ths low prices and high yields Hated
In this bulletin are typical of ths many
which ws own and are offering the in
vesting public," said John L. KtherMss,
president of Morris Brothers,- Jnc.
They i aptly Illustrate the unusual re
turns now to bs had upon this high
character of Investment. There is m
steady movement In Northwest munici
pals, with Increased buying as Investors
more fully comprehend the hlfrh quality
of these securities of growing munici
palities. This 16 preeminently the ttm
to buy bonds, and all who wlnh to plact
their funds In these bonds should set
promptly to obtain the benefit of ths
present low market quotations and ths
high, yields." '
Jfsw Tork Batter snd.Eggi
' New Tork. Atis. 21. (Tr N.- B ) Bntfer:
Msrket, firm. 'rmry, extras, 66 (s) ftM H i
first. $! 60; higher acorlns, 60 &
60: state dairy tubs, 43(0 Brie.
Kgirs Market, , firm; nearby white, fsrtrv,
70 lev 72c; brown, fancy, 6063c; extra, lHut
68c; tints, C0 9B8o, -
I Ckleago PoUto Market
Chicago, Aug. 21. (t. N. SI Pr.tt-
Iterelpta, 65 car. Jersey Cobblers, $2.1 i it
2.00. !
X All
f sfFTeV at P1
J
I J
?BiiestMan
0n Weill Street
Vhs Aa von tliv.V; Is
' thai ISa sa xsasass sssa WaH
Strwait SAssIawT Wheat (a ku
xtaiTseT' Wlwans did hm coma
(Mil 7 Wkav (a tksa lavriaef
Tbis lwol(lrl,'Tl Llast ,
st Wall Sbrewrt." wl UA yom.
: It will castsi ymxr yvs to ssewr
MSkditiosi la dm IsrvesmevU
FUltl, arsd to tt ssw opportunity
forymu. It yum want to get rich
raick Um't nd fortUs bookie
bat if ytm want sosind yt prof;:
sbls Invastitsswit, hf sil szwsauna
aenatl fog it ttktiay. ,
KRIEBEL & CO.
INVESTM VtrT BANKERS
137 So. U Salle St," Chicago
$75,000
CITY of NORTH VANCOUVER
- ;' (Province of British Colurnbisi) -
6 GOLD NOTES
EXEMPT FftOM ALL B0MINI0X OOTF.aif ME Jf T iTAXATIOW.
. i Dated staao 13, 1326. Dss Jase 16, 1913, -
DENOMINATION $500 I
Price 92.65 to Ybld 9
' Principal and semi-annual Interest June "15 and December 16. Payable
In gold coin of the United States at the agency of the. Boyal Uank of.
Canada in New Tork City or at ths offices of Morris BrotherB. Inc.
- -.V-'i '-c:l'7--lZ FIXAKCtAX STATa2MEST;:i:j .1.; Vi't.-- 'r
Assessed value f of taxf tlort 1911. ,.,...... .837.667.74
Exemptions not included above. ,.,..,.....,... k.i,. 3.744.636.00
General dehenturS debt..,. i. ............ ....... a. . .. 2,934,424.00
44,4se.i5
less ainuirisr fusn..,,..,,., ................
waterworka debentures. ...... , sui.v.
Ferry debentures ' 25?'?J??'2 .
Lsocal improvement debt..........i.".. 8J-.S2j.0O M22.773.6I
(Rats payers' share.) y - . : " . ' - ; -
Ket debenture debt ....... . 5!l-652 JJ "
Value ef municipality's assets ....... 4,331,446.00
' Ths Gity of North Vancouver Is a, suburb of Vancouver. British Co
t lumbii. at6a 2950 acres, situated across t e bay from ths latter city. It
has a population of approximately 1 o.SO - people, and its securities havs
always bsen conslderef very safe t ;A airablo Investments,
This issue of bonds Is a direct d general tax 'bUgatloft pf ths
entire city, all of Its taxable prof ilth and resources teeing pledged
to pay interest and principal as t ome due. We recommend these
bonds as exceptionally desirable, wr an unusually high interest yield.
Aa a matter of fact, it would be o.. cult to duplicnts I this opportunity
from ah investment standpoint, , -
Legality Approved by B. L. Bee ?. K. C sf Bowser, Betd "rVallsridge,
; - Vb r .outer, 11. C. i
Telephone or T? vrarh Orders' at Oar Expease
MORRI S V'D I.OTHEI1S,m ; Inc.-
. (
Between
ts and $tk
streets .
Tts Premier Usslelpal Bond lloass
Estahl' hel Qaarter of a Centsry
Morr KHz, 3i-ll tttark hU
Csi i Cae iiiUloa UoUurs.
Telepbeae
Broadway
,211
a
Attention!
It Is the klm of the maniitement
of The Journal to make the finan
cial department most reijibje.
With thi "aim In view. The
Journal baa and will continue to
refusti moner of "promoteri of wild
cat schemea of all varieties.
No advertisement of oil com
panies, mining companies, or other
stock! or Ieasinc concerns will te
accepted by The Journal, unless
the corporation! seliinK these te
curities Comply with the laws of
the state of Oregon and have' a
permit from the commissioner of
corporations permittlnf them to
sell their securities in this state.
Celrbecli; er
Gcoke Co.
I Stocks, Bonds
Cotton, Grain, Etc.
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Member Chicago Board sf Trad
Correspondents of Logan A Bryan
. wuicasv , sviav
2l$-tll Board of Ti-Z TStVf.t
( e.--, - - s I . Me,,Mr'
s sat Ll - alliw b.UL 4.-. -
13 on::
t ...
Icon ti
y.ef-