The Oregon daily journal., January 02, 1921, Page 31, Image 31

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i .
THE : OREGON SUNDAY JOURNAL, I PORTLAND, SUNDAY MORNING, JANUARY 2, 1921.
UNUSUALLY HEAVY CHANGES SHOWN- IX FOODSTUFF PRICES . IN- PQRTtAND MARKET DURING YEAR 4gS&-
TURKEY ADVANCE
10 A
HIGH
MARK
JEUirtnA Iteoorri. Carried on for the
.......
Three Holidays Weakness Is R
fli?ctid in Batter Trade.
There
potatoes
fence of
California
' fnditvcr. paints compared
I. -31, Butter, rags. Potatoes, Onion.
- 1920.!. . . i . fi3e f,Ho . Il.ni) $1.10
111U,.,.(- 70c 63e . . 4 76 ', 6.00
JflrM,..,i. H',e 70c1 2 0 2.00
J17;.,J'. B2o B2c J 50 2.50
. 38e- 42o 1.7!, 8.28
It has been a. week of extraordinary
. price In' the turkey market and soma
erratic ; changes , have been made in
eggs.; but the general wholesale produce
trade wis f quiet during the six days
period.: j- .. j : ; ' .
, Turkey price ainiply jumped out of all bound
- during thei week. IWs scarcely the quest ma
- for the li edited supply that cuu forward. The
balk of the offeruijcs not it 60c to 62c a
pound, although a handful or so went a bore this
ran.. '!! .
Inofr a the memory of the local trade
goes, there hu never been a ' duplicate of the
season' action In the turkey trade. Not only,
were price abnormally high for the New Tear',
..business, bat the tame w true of Christmas
v sad Thanksgiving. Turkey shippers for that vea-
ton secured more '.money od the average than
ever before known.
4 Chicken Likewise Scarce
were likewise 1 scarce in the local
trade for the week. There was not only a a mail
supply of birds offering in thewholrale market
I for the, holiday, but even the largo dressers who
, -usually hare a itirplus in their kiiUifg pens, were
entirely oat of stock: Thia Bare to the market
a tone that has never before bee a matched for
strength, i
.' Butter etrlee Weak '
While ho, price change were shown ' in the
price of hotter generally .in" the local trade for
trie week. there was sum a shading of cubes early
in the period Xater a general attempt waa ma'ie
to bold price steady. ' but .toward the closing
A of the period, additional weakness made itself
.felt. The fact that condenser iaa have cut. milk
"prices severely at their -plants and are using
such stock in the manufacture of butter irr
competition with the, mscb . higher prices paid
for buttorfet by the regular creameries, the
situation ia so demoralized that the regular
butter men can do nothing else but ahade their
Quota Suns.
. j SoaPricee Erratlo .
TTiees ruled somewhat erratito in the egg trad
for the week. Receipts were-etter than season
able, and while the larger percent of tin offer
ings! consisted oC pullets, still there was a good
supply in Sight Urmanii for eggs, was very
good, the recent lowering of the. retail price
to 0385c for best offerings having created an
unusually- liberal call. Inuring the week pur
chase of current receipt by f. o. b. buyers
were generally from 51 to 53c a dozen.
J Cheese Situation Steady
;- Market : for cheese is steady -so far as the.
Ttllamurik product i concerned. Latest advices
from t'arl Habetrlaek, sales - manager of the
I Tillamook association, reported that the dffrnand
j there was in excess of offering and that no
surplus -whatever- xLsted. While this is by no
means true of he other districts of the Pacific
.Northwest, it ) indicate .that well established
'brands of cheese are--moving out readily. -'
j Country Meats Are Higher.
lUehsrl prices were forced for country killed
i meats .in if the Front street trade for the week,
t. Jlrreipts kf both el and bogs were unusually
i limited and in both lines the scarcity forced
i sharply higher quotations. irest light weight
I calves sold up to. li(lfl4e a pound late in
; the week J -while hoes went up to 16c with ease..
. f - Apple Trada Normal
If wal a normal holiday trade in the apple
market for the week so far as the home mar-
- k"l was I concerned. Sales were principally of
trie cneaner priced stock, iuicn as has been noted
during recent weeks. While there are no lib
eral holdings of fancy goods available, the demand
is by no means encouraging except, perhaps for
. laiwe slack, which by the .way are not generally
-. available.
Pout Situation Nominal
continues a i mo-.t nominal market for
In the. local territory. An entire ab-
outsiae j buine is reflected.' In tact
is so full of potatoes at thia time flint
it will likely take some weeks at the best to
.-clean up there. Srne of the leading California,
rtierattira are unusually pessimistic regarding the
future, j :'..
- 1 ' Few Onions Are Movlno
. - In the onion market there continues a gen
eral lark of activity. Country point sales are
too scant . toh consider as a factor. Wholesalers
here are; purchasing in nominal quantities and
there ia f an entire absence of trade with points
outside of. the state. To add to the contusion
-of onion men" reports received from Australia
indicate an early offering or supplies there, i i
Wool Outlook Is
Better and Situation
Generally Improved
r Boston, Mw.N Jn. l.-Mndition in f the
local wool uuaihet continue to ahow ipoderata
Improvement. Perhaps not " as much wool is
being sold as Was reported a week ago. but the
situation is stronger and no disposition is shown
to make further concessions iri prices. v -
Confidence appesrs to be , stronser today than
at any time since the esr'.y: summer. It ia be-
Iieved that the turn of the year will ahow, ;ub-
atantinl improvement and. tluvt possibly by the
end of February the mills will be well j em
ployed with a reasonable volume of orders on
the book. i
Owner of wool here and in the ' country,
pending the outcome of the proposed legisja-'-tion.
are taking a rather stronger position than
, hitherto. This' applies especially to- dealers: and
consignee in the Boston market, who no lanmr
are willing to listen to the speculative bids of
.- manufacturer trying to anticipate future needs.
' In the West, particularly in the fleec wool
states, grower max not be an stiff er in their
aneaa now inan previously.. Put they are abso
lutely refusing to sell ' their wool, evidently be
lieving uiat tn ttnit asitauesk wui result in
areas, penetit a them. i ,
recent estimate by competent authority tn
tie lleeca wool trade indicate that not ; ever
10 per cent of ten clip of Ohio lor 1920, has
oeen smppca out ot the state.
- Receipts for the week: Domestic. 1,285.000
pound; foreign. 72,300 pounds.
'Business Is Good
At JHamath Falls,
Says Weisendanger
Business is good : in Southeastern Oregon and
prosperity shown an every aide,: according to
waiter w eisenoanger. formerly with the., Ryan
Fruit company here, but now connected with
Lang & Co.. ad a salesman at Klamath Falls.
. - "They had' so much grain ia the Klamath
country uus season," says air. Weisendanger,
"that they couldn't cut it, owing to that lack
f machinery. Much grain ia in the -'fields.
"Klamath Fall is growing, and has ai new
bank, making four such- institution there." .
iir. . Weisendanger attended the Xamar it Oc
salesmen mooting during the week.
1
Trade Atmosphere j
t Benning to Clear
' Joha V. Farwell company, Chicago, weekly r
iew of trade Mills have named new prioes on
wide sheetings and expect to- make - rock
' bottom price on other staple cotton goods be-
fore January 3 so retailer will be in position
i to. go; ahead, in making their spring commit
jnant.) From reports received large number of
i buyers are expected in' market during the: week
following Christmas.- .
' The general trade atmosphere U beginning to
clear and buyer see a wore definite basis of
operation. Market on ailka ia stiffening. Bib
bons ars Tsry active.
' Beranant are in excellent demand for Janu
ary saiea.' - j . .
bagdnninc to ahow Improve-
FOREIGNERS STILL
TAKING SUPPLIES
Wlioat ' Ptircbaeies Daring the Holi
day Period j Sar-prisijjs: Prices
Shot No Xet Changes Ilere.
- Collectiona
sent,:
Holiday Observed j
In Markets; New
Year 'Celebrated
3T easlona.of any of ttte ftnaBdal
exchange of the country Tvero thovrn
Satarday because of . the holiday.
Iront a tree t and other wholesale
markets were likewtae closed for the
day, and all banks-were closed. . :
Wheat price closed the week at
Portland at substantially the same fig
ures as ruled . at the clone of the previ
ous week, with 1.60 the extreme top
bid on the Portland merchants- ex
change.' ;.. - ; ' I . .-: "-.
It waa a week of ceneralry depressed vahies
in the grain trade) so far aa local bids were con
cerned, but there was a noticeable degree of
strength in the foreign sitaatioa.
Continued liberal purchases of wheat by
Europe during the week -caused considerable
comment in the local trade, especially' in view
of the, fact that it is a custom among the for
eigners to do practically no .business during the
holidays. . - - j - , '
The fact that Europe eon tinned to rmrchaae
liberally during that period indicated that the
demand for wheat abroad waa just as keen a
-". . ... v r v . ..
. Cotp rraini cloned ths week with prieea
practically on the earn level as during the pre
ceding period. j - j ;
J-'lmir ' prioee were i nnehanged for tn period,
with business rather dull.
Feedstuffs showed some price eon cessions, but
no change waa shown in millatuffs, with a scarcity
of Umtproduct, - due to the general lack of
grinding hy . the mllla. . ' r :
FLOCB Selling price, mill Idoor: Patent.
69.80; Montana spring wheat, S8.75 0 9.00;
Willamette valley brands. 68.15; local straight,
$7.00; bakers local. 68.75; graham, $8.00:
whole wheat, 1.20, Price for city celiveriea,
15c extra; suburban 20e extra.
' HAY Buying price, nominal. Willamette tira
othy, fancy, $29.00 9 80.00 pel) ton; clover,
$22.00; cheat. $28.00; strsW, $1S 0014.00;
grain, $25 00; alfalfs, $22.0023.00 per ton. ;
GRAIN SACKS Nominal. Ndw 1 Cslentt.
10c; domestic, 11c, in car lots less amount
higher. I
MILXSTUFFS Mill run at mill, sacked, ton
lct. $35.00; carloads. $34.00. I
OATS Per ton. buying , price : "Feed. $33.00
86.00. ' -
BARLET Buying price: Feed. $30.00; mill
ing. $30.00.
SEEI Buying price, nomihsl; no-demand.
Bed clover, recleaned. ( ) per "h. ; alsike ( ) ;
vetch. ( ). .
FEED3TTJFFS T". O. B. mills: Boiled bar
lay. $51.00;- alfalfa -meal. $32.00: cocoannt
meal, $37.00; cracked corn. $48.00; whole
"corn, $45.00 ton; scratch feed. $62.00; soy bean
in sal. $57 OU; linaecd meal, $74.00; whole oats,
$50.00; rolled cats. 853.00 per fion.
KOLLED OATS Selling price, $10.00 bbl
-Fruit in Danger,
But Wheat Crop "
Outlook Is Good
WaUa .r Walla, Wash., Jan. I i. Continued
rains and chinook winds daring the last week
iiare placed the fruit, crops for '1921 in
jeopardy and fruitgrowers throughout the Walla
Walla valley fear that the buds will all be out
too early and be killed by frost if the warm
weather continues-, j The temperatures of the
l-"t week have been far above normal and
no changes seemed forthcomiru; during the latter
part of the. week.
; The heavy rains of the week, hewever. have
put the fall grain saedings in splendid condition
and the outlook for: wheat- now planted, is nearly
10 peir cent normal. .
Dairymen and cattlemen hsve. also profited
by the precipitation of the last few days. .
. The entire valley is green with fine pasture
grass and hay buying is at a minimum.
Farmers Talk of
Decreased Crops
Warren, Of., Jan. 1. Owing to the price of
farm products hogs, eattta and ' other livestock,
the fanners of this vicinity are agitating the cub
ting down the acreage to be planted to potatoes,
grain and all root crops.
A very marked decrease tn stock ia very
noticeable, especially in hogs, the farmers re
taining tmly enough for their home consumption.
Many of the residents do not propose to raise
anything more than will feed their families.
.With the present price of hoc, the same
price as they were five years ago, when feed was
$1$ per ton, art compared to $,34, ths hoar
business is a losing game, they c cm tend, hence
are leaving that industry ' out. Two meetings
have already been held in the county, advocaiiug
this action. i
Mote Care in Apple Grading Is
Necessary iri Pacific Northwest
. ' , - ": By Hymaa H. Coken - " h -
Apple grower of the Pacific Northwest have had a most disastrous season bo
far avs net returns are concerned. There have been times when lower prices have
prevailed than those of the present season, but compared with the svctual cost of
erouuclKn, viu uzu ueen ui, uiwi uwasuvio; bcwovu
as known. . ---'."- -' . . j .r".
There are several reasons ror sucn a conaition, out per
haps chief of all is the fact that the total
the United States was unusually liberal. -While
the biar crop was in Itself a factor
to lower values on the product, still there were several other
LIVESTOCK PRICES AUSTRALIAN WHEAT
U.i Mliau.ll i L
V: J j
i - M
crop throughout
. ' T -
that would tend
re several other
'?""Vy factors entering Into the situation. The financial situation;
the general downfall of foodstuff prices had a demoralising
! J effect. -;-' ' ! '
The roreign situation was aiso a very oeansn iactor.
Usually a very large per cent of the Pacific coast crop Is
exported, and this is likewise true of the Canadian crop.
j ; Poor Quality Is Detriment j
Another factor of Importance in the 'makinr of low apple
prices thia season was the fact that practically none of the
Pacific coast crop showed the usual keeping quality, As a
I' 4 V ifl rule, ! the Pacific Northwest apple .comes to the, front when
I W " apples from midwest and eastern centers L are leaving the
- , ,m.m"f:i market because they do not hold up. U V
; This season it was found to the dismay, not only of ths trade", but to growers
as well, that the Pacific Northwest apple quality was far below ithe standard for
any other year known. . Apples that usually would keep well for several months
after taking the long rail Journey across the continent and then going Into storage,
were, this year beginning- to show serious signs of deterioration even, when first
unloaded from the refrigerator cars-. '. r. - j -" .
I Such ia condition caused the eastern trade to' stampede .and It not only
resulted in a cancellation of eastern orders, but it likewise caused many of the
previous eastern buyers to dump their purchases on the Pacific coast trade rather
than pay transportation charges across trie continent. - :
t Small Sizes of Frnit a Detriment ,
Then there was another detriment to the market : in fact; some operators
consider this the most agravating factor in the trade. Far the greater bulk of the
Pacific Northwest apple crop this season "run" to small sizes, a most unusual
occurrence In the, face of a generally short crop in this territory.,: . ,
I In a measure this was duo to the lack of proper thinning; by the growers, some
of whom were unable to secure sufficient labor at a pricethey felt they could
afford to pay. This gave to the market a very good call for large sized fruit,
and a very, limited ona for the smaller sizes.. .
:. -More Strict Grading Is jffeeessary
There Is Sio doubt that the Pacific Northwest apple grower need awaken to
the seriousness of the' present situation. First of all, the pacific Nprthwest apple
is a specialty fruit. It secured its reputation first of alt upon the large size of
the product and jthen upon the excellent appearance and 'keeping quality. Almost
any section can 'produce small sized apples, but the - Pacific Northwest was in
a class fey, itself with big fruit.
! ; Not enough care has been taken in the grading of apples In- the Pacific North-:
west. Old time growers who made the reputation of this section took much care
in what they marketed. They were jealous of their reputation. Many newcomers
failed, to follow the footsteps of the pioneers of the apple industry, and this has
resulted in a loss of. reputation that ' it will take, years to "recover."
; i Only Big Apples Should Be Extra Fancy: ,, ,: . '
To carry out the original program of apple grading and marketing in - the
Pacific Northwest, it will be necessary for growers here to revise their present
grade specifications. An apple that is smaller than 125 to the box should not
be classed as! an extra fancy, neither should it be placed, in that grade unless it
is absolutely 'perfect so far as that variety goes.
j Some Hood River Interests are proposing a plan to have only two grades of
pommercial apples an extra fancy and a family pack. The former would include
the best apples than can be produced, likewise the large sizes, while the family
pack would consist of the; present "C" grade, a certain per cent of 'the so called
fancy gfade. and apples of the smaller size. Some of the best cookers would be
included in this grade, and what Was left would ba classed as cider stock.
Transition Is Necessary in
U. S. Livestock Industry
By Everett C. Brown '
President National Xlyestock Exchange
1 The year 1920 will long be remembered as
the year of post-wsr readjustment. Extremes
haTe been encountered both as to extremely
high prices and, following the downward trend,
extremely low ones. The unhappy result of the
edjustment which sll concede was necessary to
the welfare of all of usk is that the burden has
been lanrely borne y the- producer. Stating
it another way, the man who prospered least
from the org of unprecedented spending has
been compelled to repay the greatest amount,
while the real profiteer he who plunged u
into the maelstrom escape with hu ill-gotten
gains.
Transition I Necessary
It was inevitable that the country should
undergo this transition and so regain .its normal
poise, bnt surely the burden cjmld have been
more fairly distributed. - I fear that the down
ward trend of price readjustment will be .tem
porary only unless we wisely plan for the fu
ture. The producers must be made to ' feel
that their effnvt are met with annrematinn and
this, appreciation can best be shown by honest,
sincere action toward the solution of their prob
lem. The producer must i be fairly considered
nd justly treated, else w will be again con
fronted with those conditions from which we
now emerge.
- . Distribute Livestock Receipts.
'A constructive movement originating with
the National livestock exchange during 1.920
was the campaign to reduce our livestock ship
ping losses. At our first meeting more than 200
representatives i of railroads, producers, ex
changes, etc., j were present and at two subse
quent meetings we have had similar attendance.
The plan has developed to the point where we
have appointed .sub-committees at each of the
livestock markets of the country, and we hope
to be able to adopt suck plans for the safe
handling of shipments as will materially reduce
these losses. As a matter of fact material re?
ductions hart already been , noted.
The exchange has been for .some time ' en
gaged in trying to find some feasible plan that
win give lus a better distribution of market re
ceipts throughout the week. It is my belief,
based on my knowledge gained from my" long
experience in the livestock markets, that thia
more than anything else is the cause of the wide
price swings, If some workable plan can . . be
devised to evenly distribute the weekly receipts
so that we will not have a one day glut and a
next day i famine I believe we will 'toe in a fair
way to accomplish results. .
Greater Consumption Needed
We are whole-heartedly cooperating in the
campaign which started with the National Swine
growers, and which has for its purpose,' the in
creased consumption of meat Much hard work
must be done if the per capita consumption is
restored and we must leave no stone unturned
to accomplish this. With our export channels
almost closed to us we must make the best
of our domestic situation. The campaign which
will take the form of wisely directed and intelli
gent publicity ; work -will . have to be permanent
in nature and one backed by every resource at
our command. . ' ,
SLUMP DURING 1920
Great IeclJLrw Forced in All lines
at North Portland and Throughxjnt
; the Country for the Yar.
Banks of Yamhill
Make Good Showing
t . l ;
McMinnville, Jan. 1. The- banks of
Yamhijl county in iheir last statement
show a total of invested capital of 3912,
916.98 and total deposits of $5,866,283.79.
Population considered, Yamhill county
is the richest in the state. About $14.
000 is involved In this county in the
Morris Bros, bond failure.
RECORD OF PRICES IN PORTLAND DURING1920
The following- prices are the highest ruling in the lines mentioned on one day each week firing 1920. The
ngures given ror tnose dates that fall on Sunday are for the succeeding day. In the case of wheat no prices
are named until the resumption of open tradingf on the Portland Merchants Exchange, government $et prices
being previously in effect:, ,1 ' .
Onionsj -100
La-s.
17.001
6.00- :
6.00
6.00
6.00
5.00 :
5.0$
.5-0 ir
5.0
5.00
" 6.00
6.00
7.00 ,
7.00
- 7.0 q
7.25 ;
7.25
7.50
7.50
8.00
7.00
5.00 --
4.00 -t
2.75
' 2.75 ".'
2.75
2.50
1.75 ;
1.75
1-7$
1.S0 ;
2.00
. 1.76
1.75
1.50
1.50
1.60 '
1.75
2.50
2.25 t
2.25 "
2.25
2.25
2.00
J5
2.00
1.75
- 1.75
1.75.
1.75
' 1.60
-1.50
1.50'
', v '.
:' Butter. ' Eggs," Potatoes,
Week " Perl. Doien. 100 Libs.
Jan. 1. 0.70 . d.65 $4.75
Jan. 8,-.. ....; '.67 .68 4.75
Jan. 15..MMMU .63 .62 E.OOT1
Jan; 22.': 158 .53 4.75
Jari. 29 .-. . .62 .55 4.50
Feb. 5.'. .....-' .62 .50 " 4.50
Feb, J2. . .62 .47 : 4.50
Feb. n.... ""Tea :5p 4.50
FeD,24 .66 .45 4.50
March 2.... .-68 .44 6.50 -
March : 9...." .65 .42 6.00
March 16.. , .67.I" ' .40 6,50
March 23-..- .67 I .40 6.50.
March 30- .' .67 . .42 i 7.25
April 5.. .. ' ' .tzSi .40 7.l0
April 12. i....... .63 1 .42 8.50 ;
April 19. .60 ! .42 8.50
April 26 . .60 i .43 8.50
May 3 ...f. .58 .44 8.0O
My 10.......'..,. .56 , M 8.0f
May 17 .54 ? .44 7.00
May 23. . ...i.. .54 j .44 7.50
May 30.. sT .54 .43 J8.50
June 6..... ..' .54 .42 10.00,:
June 13.. .Vh. .54 .43 12.00
June !0...... - .54 .43 11.00 v
June 27 .'..j .54 .43 9.00
July 5. -.57 " .44 9.00
July 12.' .,. ?.57 ' .46 . 8.00
July 17.....,... .57 f :47 8.00
July. 24.... ..... .57 .50" 4.00
Aug. 2 . .57 .51 4.50
Aug. .. ,. .57 - "'.54 3-.50
Aug. 16.. 4 .5 ' .54 3.50
Aug.-23.. J .61 .58 2.75
Aug. 30 ,.... .64 .60 2.75
Sept. 6 .. .66 .59 - 2.75
Sept. 13.... i. .66 ' s.64 2.t5
Sept. 20 .. .. .6& 1.75'
Sept. 27 .63 .73 2.75
Oct. 4....;.j.. .60 .70 2.75
Oct. 11.. .62 .70 2.75 - "
Oct. 18.. Jy. a, .58 .70f : 2.75
Oct, 25... .55 i .t8 2.00
Nov. .1 .. ... .63 .78 ' 2.00
Nov. 8.. .56 .80 2.00
Nov. 15.. ,4 .59 .0 2.00
Nov. 22.. .59 Z 2.25
Nov. 29 .59 .74 J 2.00
Dec. .6........, .55 .63 2.00'
Dec; 13 ".53 .68 f 1.75
Dec. 20. .. . i . . ; . . .53 . ' .65 1.75
Dec. -27 .53 . .58 : ll.50
Cheese. ; Bogs. ' Steers, Iembs, Wheat. "Oats, Barley.
Per Lb. lOOLIa. 100 Lbs. lOO Lbs, . BusheL Per Ton. Per Ton.
$0.35 $14.75 ; $11.25 $13.50' .... $65.50 $73.50
35 15.75 11.75 lj. 00 65.00 72.00
.35. 16.00 12:00 15.50 i ' 631.50 71.00
.35 j1 16.10 12:00 1600' 61.75 .
.35' 16.00 . 12.50 .19.60 ,. .. . 61.00 .
.35 i 16.35 : 12.50 17.50 .. 60.00 ...
35 16.25 . 13.00 17.50 .. 59.10 .....
.35 j 16.25' I 12.75 17.50 ' 60.00 .
.35 46.01 11.00 18.00 - 60-00 ' . . .
.35 16,10 ' 11.00 18.00 59.00 T .
35 16.25 11.00 J8.00 59.00
.35! 16.25 12.00 18.00 59.25 .....
" .35 16.50 11.50 17.50 ' . 69.00: -66.25
.351 16.50 11.75 io.00 69,00 .
.X5 -17.00 11:90 20.'00 69.50 " 60.00
.35 17.00 12.00 19.00 60.00, : 68.00
.35 17.35 13.00 19.00 62.00 65.00
.35 j 16.75 13.50 .18.00 " 65.00 ' 66.00
.35 16.35 J 13.00 17.00 .. 66.50 ' 66.50
.35 16.00 13.00 15.5,0 .... 68.50. 6'6.00
.35 1575 ' 13.00 16.00 ' .... . 69.00 66.50
.35 15.00 ; 13.00 14.50 .... ( 69.00 67.00
.35 ; 15.10 , 13.00 14.00 . 70.00 67.50
.31 15.00 12.25 12.50 68.50 .. 67.00
.31 15.00 12.25 12.50 69.00- 66.00
.31.; 15.75 12.25 12,50 69.00. 64:do
.31 16.00 11.50 111. 00 T 69.00 ( 6.2.50
.32 ' 16.00 ; 11.00 11.00 .... 67.00 61.00
.32, 16.75 ; 10.50 .10.50 .... '65.00 68.00
, .32 17.50 10.50 11.50 $2.50 65.00 67.00
.32 17.50 10.90 11.50 2.50 65.00' . 6.5a
.32 18.75 ' 11.50 ''11.50'. 2.14 : 50.00 48.00
, .32 18.75 10.00 -11.50 , 2.27 47.60 47.50
.32 18.50 10.00 10.00 2.28 ' 49.00 - .47.00
.32 17.25 10.00 9.00 i 2.28 49.50 61.00
.33 - 16.85 10.60 10.00 ; 2.22 49.00 47.50
" .33 18.00 ; 10.60 -10.00 2.43 49.50 49.00
V-34 19.00 10.00 10.50 2.55 60.00 61.00
.35 20.00 10.00 10.00 , 2.48 49.00 50.00
.35 18.00 . 10.00 10.50 i ' 2.38 45.00- 48.00
35 15.75 10.00 " 10.50 1 2.00 43.00 40.00
' .35 17.50 " 10.00 . 10.50 2.15 . 42.50 44.00
.35 17.75 : 10.00 10.00 2.16 J4.60 46.50
j.34 15.75 9.50 9.50 V l.8 5.00 46.50
.31 14.00 9.50 9.50 2.05 4f.50 47.50
31 15.25 - 9.25 : 10.00 v..' 45.00 45.50
.32 14.35 9.00 10.00 1.65 45.00 45.50
.83 12.75 ' 9.00 10.00 1.45 44.00 45.00
33 : 12.75 9.25 9.50 . 1.43 42.50 41.00
.33 12.65 8.75 9.00 1.75 42.50 42.50
,33 - 12.45. ! 9.00 8.00 1.65 38.50 85.00
33 10.25 8.75 '8.00 ' 1.60 ' 36.00 - 32.00
33 10.25 8.75 8.50 1.60 35.00 . ' 32.00
UVESTOfK VALUES COMPARED
Dee. 31-- Hogs. Steers.'- Lambs. Hams.
1920 .....12.0 S 8.75 ; H.50 82 e
1919 ..... 14 60 11.25. 18.50 84 e
118 1T.25 13.00; 13.00 87 He
1917 ..... 15.65. "10.50! 13 50 83 c
1916 ..... 9:95 8.25; 10.50 e
Unusually heavy changes were 6hown
fn the price of livestock at North Port
land for the year, this being 'a reflec
tion of the general trend throughout the
United States. All lines of livestock
showed liberal values at times sheep
and lambs being a notable exception. "
The highest price reached tor hogs during the
year was during September -when values climbed
to $20.00 in the North" Portland alley. The
lowest price was - in December when values
dropped to 810.25.
During the week there Waa an extreme scarcity
of hoc market offerings at North Portland and
this forced sales of the normal supply to $12.25
or one day. -.
There was no doubt that the extreme price
paid for hoes during the latter part of the week
waa a temporary bait to force shipments in thia
direotion. ,but it: is generally believed among the
trade that the price of hoe haa dropped too
low. j V
General hog market rants:
Prisas mixed .......... .a-.. .$11.80 9 12.00
Smooth beavy .-. ....... ll.O01.80
Rough heavy 7.50 10.00
Fat pigs 9.50 10.50
Feeder pigs 7.50 (0 9.00
, Cattle Change Severe
During the year the price of steer moved
as high as $13. 50 in the North-Portland al-'
leys, but later in the year the market became
soggy knd dropped to 8.75- for extreme tops.
The high point was reached in April and the
low mark at the end of the year.
During the week there was almost a general
absence of good .quality cattle offering in the
North Portland! alleys. Prices for such atocx
'were quoted on a nominal basis. The scarcity
caused an advance ia some of the medium grade
stuff and had quality been available sales would
probably have been made at aa advance.
General cattle market range
Choice steers ......
Medium to good steers .......
Fair to food steer......,...
Common to fair steer .
Choice cows and heifers
Good to choice cow and heifers
Medium to good cow and heifers
Fair to medium caw and heifer
Common cow . and heifers ....
Canner ...................
Bulls i
Choice dairy calve . . .
Htavy calve ........
Best light calves .....
Medium light calves . .
Choice feeder ......
Fair to good feeders . .
Mutton1 Market Quiet
Most of the year there waa a quiet demand
for mutton and lambs at North Portland. Top
lambs sold up to $13.50 during the year al
though first arrivals of spring stock went up
to the $20.00 mark.
Owing to the demoralized wool trade there
was little inclination to take on sheep supplies
during the early part of the season and this gen
erally sickened ithe trade. '
General abeep maraet range:
East of mountain lambs .". . .
Willamette valley lambs. ....
Cull lambs
Feeder lamb .............
Yearling
Wetherr
Ewes. . . ,
.$ 8.00 A 4.T6
, . i. . . 7.60 8.0O
7.00 7.60
. .... 6.60 9 7.50
5.50 & 6.50
.'. . . 6.50 St 7.O0
6.00 9 6.50
5.50 9 00
6.00 9 5.50
4.000 5.00
2.60 9 8.60
4.60 5.50
12.00 13.00
6.00 011.00
10.00 91100
9.00 910.00
6.50 9 7.25
6.75 9 6.75
i 4 '
9.00 9 9.50
9.00 0 9.60
.V0a 8.00
6.00 9 6.00
S.O0 9 T&0
6.00 9 600
1.00 9 4.00
IS NOW ABOUT $1.55
-': - '-.- 1 -.- .
Nine Shillings Names Aa Official
- . Basis for Homer f Consumption
Price , of Much ' Interest Here.
Much Interest Is shown by the American-
wheat trade regarding the recent
announcement that the Australian gov
ernment had placed the home value of
wheat on the basis of 9 i shillings there.
At .the rate of exchange now in effect
this' would be approximately $1.55 per
bushel.' . ; 1 . .-
A Melbourne advice aaya that Australia'
wheat farmer are to receive! export parity on
their grain, and an advance of roughly 80.
000,000 in cash, and certificates, and the price
of wheat for Australian consumption is to be
fixed at 9s. a bushel. These facts were act
forth by the prime minister. Mr. Hughes, in a
statement made to the bouse : of representatives.
Payment on Delivery
Mr. Hughes said that aa a result of a confer
ence with the Associated bank and the Com
monwealth bank a plan approved by the Aus
tralian wheat board bad been adopted whereby a
cash payment of 2s. fid. a bushel would be made
immediately on delivery of wbeat at wheat id
tags; also -a certificate representing an addi
tional 2a 6d. a bushel, payable on April 80.
1921. would -be issued. This would lnsorean
advance to the farmer ot 6a Sd. e bushel.
The certificates would be gilt-edged security,
repayable in 90 days,, and they euuld be d
counted. The Commonwealth waa paying 6 Vet
cent for thi money. It had undertaken to re
pay 15,000,000, or half of what the total
amount advanced to it for wheat paymenta might
be. in six months, and- half in 12 naootha. with
the right to review , the- position at the end of
the 12 months if 'unable to meet its obligations
at that time, --r
, Average Price Likely
Mr. Hughes stated that 'the question of whst
would be a fair world's, parity over 13 months
bed been referred to the wheat beard, and tint
board's recommendation of 9a a bushel had
been .unanimously adopted by the conference.
While it would be very inadvisable to state the
price at which the government was selling -wheat
abroad, he wished to tell the Australian consumer
tbst he would (till be getting bread more cheap
ly than in any other country in the world. If
millers and bakers were content with reason
able profit, bread should be obtainable over the
counter at 6d. a two-pound loaf. With regard
to the guarantee, the government took full re
sponsibility. As to the local price, the question
was one -primarily for the wheat producing states.
Confidence Shown
In Future; Strike
Of Buyers Is On
- By Fred Coooer .
- Of Wadhams & Co.
. We are now ia the midst, c! a buyers' strike.
The ultimate consumsr,- who heretofore was com
pelled to .pay any price the, sellar asked to buy.
dry goods, clothint shoes 'and household goods
ot Inferior quality: at many times their legiti
mate .values to py a premium for poor service,
has 'now come into his own. ! It ia a buyer'
market, and the manufacturer or merchant who
fails to realize this fact, and does not shape
his commercial polity accordingly, will suffer the
consequences of, his j mist sen judgment.
The action of financial institutions in curtail
ing credits haa noti only brought about- the in
tended result of stopping harmful speculation in
necessities, and extravagant spending for luxuries,
which, if allowed to continue, would have caused
a real panic;-but it haa also compelled many
legitimate operators to sacrifice their' holding
and throw merchandise on the market at price
Cereal Growers Are Hit Hard
In 1920; Unfavorable for Sellers
' . ....... I . - .7
The New York Evening Post annual
review of commodity prices says the 1920
crop year began buoyantly- with high
prices and prospects for a heavy de
mand of cereals, thus' encouraging large
sowings, but ended in gloom with prices
erratlcallyi tumbling towards- levels; not
known during the - war. Government
control over wheat and the guaranteed
minimum price ended June 1. and trad
ing in wheat futures avas resumed July
IS. and,, although there is no logical con
nection, curioualy enough the break in
the wheat market- began, shortly after
ward, i The farmers' attempt to j hold
wheat f prices up by ' "holding", their
stocks on the farms has not been partic
ularly i successful, s Fifty-seven million
bushels of Canadtsm wheat have come
on to bur markets this year. Russia be
fore the war. our principal competitor,
was again out of the market and this
country sent enormous quantities . of
wheat and flour to Europe. The ex
haustion of Russia, failure of last year's
Australian crop, and India's food short
age all helped our wheat market early
in the year. - - ;1V
' Poop Outlook for teilsr j.-';0- '
Tha outlook aj -present, however, is not par
ticularly bright' for tha man who want to sell.
The world's estimated production this year will
reach 2,451.000.000 bushels, or 100.0O0.000
bushels higher than last year, andt higher than
before, 'tha war for tha same eountriei.f The
Creat consuming countries are depressed and con.
sumption will be smaller. Onr own crop, to b
cure, stand at 790,000.000 bushels, against
but year's high' of 940,000,000, but even so t
till above nonmaL Australia, on the other hand,
has 144,000,000 bushels thia year; against 44.
000.000 last year; Canada, - 289.000.000,
against 193.000.000 last year, and British In
dia 877.000,000 bushels, against 280,000,000
last year. Discouraging as it hss been to those
who planted with high hope, these factors -bars
helped to push cash wheat price down Trcra
$3.25 a bushel on May J4 to around $1.75 at
the close of the year. i I
1S20's Mumper Oeen Oreo ' i'
Corn is the 'ks of all our crop, both In
value and quantity, although oonsvrned largely
at; horns and exported in the form of meat and
meat products. . and. 1920 makes a yield of
8.282.000,000 bushels, easily a record high.
The year in corn resemble roughly, the year in
wheat, looking at both from the grower'a stand
point. It began welt and ended relatively badly.
The- fanners" efforts at holding corn Were some
what more successful than those at I holding
wheat, and helped him somewhat is maintaining
big prices earlier in the year. - But the farmer
could join thia campaign . whole-heartedly be
cause it was really more profitable for them to
feed corn freely to hog and cattle. - Hogs-at
Chicago were selling at $15 to 116 i hundred
pounds at the outset, aa a result of the enor
mous export business in lard and tneatsj - Thia
gave corn a feeding valve of between $1.50 and
SI. 60. Corn prices resetted $2.314 cn Msy
15, but fell well under a dollar by the close of
the year. -Tha price nf hoes; also ftl heart j.
THe world's 1 920-2 feana-and best sugar errs
will ge 1,778.000 tons bicser than last year's,
a increase at H.5 per cent. The prospect is
that both eane, aad beet stigsr will show heavy
increases over last year. While this year's crt
does not promise as heavy si yield a liUS-14 s
high, when Russia and I'entssl Europe were pro
ducing beet sugar, heavily, j the superior cane
auger will represent 74 pri cent of the total
this year, againt only 58 per cent before fhe
war. . The abundance, of sugsr this year outside
of Kuror doe not augur kith prices tor next
year. Haw Cuban sugar, Lduty paid at New
York, sold u ih as 23. Bit cents on Msy JO
thia year, but closed the year at shout 4.t53 per
pound, almost down to ths rS-V0-1 4 average of
4.03 centa.
-. aiackenlne; Steel Industry
'The outttsndlna1 fact of the steel year for
1920 was the price split Between independents
and. tha United States Steel corporation, which
means that each came to sell the asm good
at vastly different levels. While the steel cor
poration stuck pretty faithfully to the indus
trial board's scale of prices, the independents
broke away from that level completely. Tliev
eould sell at higher levels because they could
promise earlier delivery, having much le busi
ness on. their books, and their pncea often were
double and triple these of 1014.
. As the yesrned slump in steel came it is sig
nificant that only Uis independents : suffered
greatly. Before the end of , the year, indeed,
independent begun to run out ot orders and
-were forced to scale all of) their prices, except
those for - piping, down t' the corporation's
level. Their run fell to 4 0 per cent of capac
ity, iwnue tne corporation vt as uu going over no
per cent. At the very end of the year inde
pendent begin to talk of shading tb corpora-
tion's prices. ,; , -
The year 1920 was no an especially pros
perous one for steel. The big ' orders cams
from demand for foil development and transport,
for machinery and tools, and, although tlis ex
tent i is ,-eoenmonly overrated, for .butldtng, of
automobiles. .. On tb other hand, demand for
steel for large construction undertakings, fac
tories, power plants, i bridaes, . hotel and office
building skyscrapers, was remarkably light. Al
though repair work was heavy, the ' demand for
locomotives, freight and passenger can. and rails
was light. !
i. Iron and (test exports, for 1920 Were disap
pointing, representing rouefciy only 15 per eent
of nur total iron and ' steel output. That is a
mall smount for sn Industry whose productive
capacity has' increased tr 60 -per , cent since
before tha war. j
The Veer fa Copeer
. ne aearxn m copper in Aremunr, nnqi lmirsss
ever the Continent, ordinarily would have made
lutzO a rjarticularlv nro.ua rous sear for tha
Industry. But Kurope has not been able to buy
heavily, .the. large stocks toft over1 from our
unprecedented high war output have been added
to, and copper prices hsvsj fallen to around 1 8
cents a pound. Despite the dull gueyement, pro
ducer held 'their price at or above 18 cent all
during the spring and summer, but in October
it ,wss besten down. - Although few companies
have - closed' down entirely, there has been a
general curtailment in (Operations j ot between
40' and GO (r cent, and the outlook is that
this condition may cqalinue throughout Uie
coming year.
Oreo of tha United State Shown foe a Period of Yeses
livestock receipts at North Portland:
i - 5- -,
This WTeek ...................
Week ago
Two weeks ago '................
Four weeks ago ...............
: Year' ago ....................
Two years ago ................
, Three years ago . .
Four years ago . . . . .
Receipts for 1920, by months:
. Hog.
January 17.737
February ,, . 17,340
- March 18.777
April . . . 14.353
Ma? ., 17,771
June .I 17,085
i JuW 13,046
August ! ; 12.471
September .-, 1.1,938
October ,...12,24 7
November ..............11,132
December , 10,091
Receipts for a period of years:
rtoss. -
178,988
Hogs. Cattle. Calve. Sheepi - Cars.
840 841 ' 49 1082 ! 33
2358 2284 269 1.203 -114
2578 1719' 275 1874 94
2587 '- 1894 292 1988 96
1883 118 i 18 2108 72
4850 1728 68 2308 . 11.1
5406 , 229ff 20 8238 146
3118 1666 - 13 . . 2063 118
1920
1919
1918
1817
1.916,
1915
1914
1013
1912
1911
1910
1909
204.870
228,244
221;687
77.95
802.788
237.725 .
188,286
120,953
85,273
83,828
38,268
' Cattle.
9.432
10,517
9,847
.9.268
I. 0.039
14,008
9.198
13,249
. 11,804
II, 431
11. 381.
7,406
CattK
127.078
113.985
113.598
89,910 '
- 77,985
72,761
74.360
80.399 -76.521
88.139
89,733
20,656
Calve
73T
. 979
,-e3
'868
1,426
1,401
2.0.7
1,022
. 915
1,329
784
Calves.
13.373
11,228
6,141
5,499
4,631
2,853
' 2,506
4,668
2.798 ;
6,818 ;
8.297 f
2.438
Sheep. .
17.814
9,881
11.939 ,'
; 12,200 f
28.411 j
22,0721
81.246
25,888 i
82.135 i
18,518 '
21.488 .
6.860
Sheep.
285.747
214,523 -149.93L
140,887
171,269 i
197,884
. 281. SOO
285,730 ;
255.607
801,052
1.67,418
, 32.092 i
' Cars.
635
.61.7
613
520
700
779
695
757
894
600
620
389
Cars. -
7.519
7,216
6,869
6,605
6,807 .
6.815
6.731
8.500
6.666
5.844
6.40S
1.417
1 920, .
10 19..
1918...
1917;.,
1,916. . ,
1915. ..
1914... 1913. . .
1912...
1911...
1910. . .
1909. .,
1908. . .
1907. . .
1906. . .
1905. . .
1904...
1003. ..
1902...
1901.
1900. . .
1899. i.
1898,. . .
Corn.
Bushels. '
. 8,282. S67.000'
.2.917,450,000
2.52,814,000
8,065,288,000
a, man i , , ,,-,
. . ..... ,100,11 1,UUU
......... .2.994.793,000
...... . . .2,672,804.000
......... .2,446,088.000
.........3,124.746,000
. ....... ,2,531,488,000 .
. .2,886,260.000
. ........ 2552. 190,000 .
. .... . . .2.66H,651.000
......... 2,692.820.000
......... .2.927.4 1 8.091
. . . ... . . .2.71)7.933.540
,.2,467,480,934
...2,244.176,925
.,.,.....2.523.648.312
........ ,1,652.519,891
....... ..2,105.102,518
....... ..2.078,143,983
...... . . .1.924.184.660
Wheat.
Bushels, i
789,878,060
984.26.000.1
917.100.000
688.655.000 '
689.8rnt.000
1,026.801,000 t
891,017.000 j
7A3J80.000
780(67.000 -621.338.000
085.121.000
683,50.p00
664302.000
634.087.000.
735,60,970
692.979.488
552.899.517;
637,821.885
670.068.008
748.480.218.
622.220.505,
647.808.846
676.148.706
j !
Osta.
Bushels.
1,524.058.000
1,248.310,000
1,588,859,000
1.592,740,000
1.251,092.000
1,649.030,000
1,141,060,000
1.121.768.000
1,41.8,877.000
- 922.298,000
1,188.841,000
1.007,1-29.000
807,156,000
761.448.e00
964,904,622
053.216,197
894.686,562
784,094.1-99 -987,842,713
736,808.724
800.126.989-;
796,177.71s1;
730.906.643
Hsrley.
TluMiels.
202.024.0fi0
185.71 900
256.375,000
211,759.000
180.927.000
228,861.000
194.958.000
178,189.000
223,824.000
160.J40.OO0'
173,882.000
173.82I.OD0
168.756,000
1 68.tlit.060
178. 916. 484
130.631.020
180,7 48.958
131,81,39t
184.954,023
109,938.004
68,t25, 833
T3.S81.663
65,792.257
Rye.
Bushels
69.318,000
88,478.000
80,103,000
62,1133,000
47,883,ot0
64.050.000
42.778,000
41.381.000
86.664.000
83.109.000
84.897.000
29.5U0.0UO
81.851,001
1.506. 000
83.374.83
26,485,052
27,24 1,615
29,383.416
.18,630.692
30,844.800
23,905.ttl!7
23,961,74 I
25.057,522
American Butter "
Price in December
The butter market ruled
ing December as follows.
1
2
3
4
0
7 '
8
9
IO
11 -13
14
17
is :
20
21
22
23
24
27
28
29
30
SI
Portland.
, . . . 6 5 a
, . . . 55a
A . . 55ci
. . . 55c'
f)5e
. . . . 55o
. . . 55e
.... 55el
. . . . , B3o I
. . . . 5 5o i
. . . . R3oi
. . . . R3e I
. . . . 63c
, 53c
. 6 So
. . . 63e
. R.le
, . . . r.3oi
. . 53c
... . . 53oi
, . . . 53o
. . . . 53e
. . 53c
, . . . 53a
, ... 63c
. .. 53c
R. F.
54 He
54 Ho
63c
62 is
62c ,
51c' "
61Hc.
5 1 H e
- 51o
61c
61a
49H0
60o .
b'l'e"
61H
51c
51c .
60Ho
60He
eoHc
48 He
49Hc
48 He '
at leading points dnr-
per pound.:
New York. Chicago.
67 e59He
67 S969HO
57 9 59o
53 H 9 56a
61 540
62 54HC
61 (5"-r.4He
52 a He
53 56C
53 H 56c
63 H S6e
64 956He
64 9 57e
64 H 957o
64 H 9 57c
55 (57He
57Ho
9 58o
9 59e
969e
9 59o
59c
9 59 Ha
9 59o
9 59c
60c
55
55
56
66
56
to
66
56
67
62c
-60c
60c
48c
48c
48c
48c
48c
48c
49e
49c
49c
49c
' 61e
61c
51c
62a
62c
62c
63c
64e
64c
55c
55c
65c
54c
Decfeihber Price on v
Eggis Shows a Loss
Extra quahty eggs ruled In the leading mar
kets of tha country during December as follows:
1 65c 85e- 73c"' 81.08
2 ....... 65c 82o 74o .; 1.08
9 ...v... 65e 84c 72e 1.08
4 6i5o . . . 73e ... " 1.08
6 ...... 63c 87c 73c .1.08
7 65c 87 Ho 75o 1.08
8 ...... 68c ... 75e 1.08
9 68c 83c 72c i - 1.0ft
10 ...... 68e 86e 66o 1.03
11....... S8o 86e 71o 1.05
13 ....X 68o 86 Vie 69c , 1.05
14 ...... 69a 83o 69o 1.00
15 ...... 69c 76o ' 70o .98;
16 ...... 68o 70H0 70c .00
17 ...... 8o' 6o ' 64a .88
18 ...... S5e 68e .85!
20 ...... 6 5c 78 He 81e .85 j
21 ...... 68o 70 He , 0c .85!
23 ...... 3o .71a - 61e .85
23 ...... 63o 73c Ola .85;
24 ..'... 62c 71HS . 69e .83
27 ...... 58q 73c 65o .85
28 ...... 58c '-sSr 76a 65a - . J5'
29 ...... 58o ' 72c 64o .85
30 ...... 8e - : 87He 61e .85
81 - 68o 67He 67e .85
France Agrees to
Pay Spanish-Claim
.Varls, Jan. 1. -Following Spain's liw
aistent clairp for repayment of a loan
to Kranoe, the French government has
agreed, to refund 35 millions on January
22. five millions monthly during 1921,
10 millions : monthly during 1922 and 20
millions monthly - during- 1923. ;
much below the cost of production. Assistance
must now be rendered to prevent demoralisation
ki many essentiai line of production, . which
would bring about widespread disaster.
-'- In food stuffs, grain, corn, susar. rice, coffee.
cereals and cooking fats, are rapidly approachine
pre-war values, and numerous other staples have
shown heavy reductions. Many manufactured
articles that are still held too high will hare to
come down, and the retailer must promptly
all declines to the consumer's, benefit.
We are looking forward to the coming year
with confidence. A sane readjustment of prices
wui cumulate Dull fling and create an acuve de
mand lor merchandise from a large body of con
Burners, who hr-ve wisely refrained from buying
at tha exorbitant price formerly prevallinf. This
win cause a healthy stimulus to all industries.
In the meantime merchant must eon Untie on a
near! a cash baass aa possible,- and, resist tha
aemaxMis lor err pension of credit.
Overbeck &
Ccoke Co.
; "Stocks, Bonds
f Cotton, Grain, Etc.
DIRECT 'PRIVATE
WIRES TO ALL
EXCHANGES
Members Chicago Board of Trada
CcTasapondenta of Logan Bryan
Chlcap New vor .
tl(-117 Board, of Trade Banding
r ESTABLISHED ISae. . -
. sSTOCK5and BONOSi
' - v . , -
RAILWaV KXCHANOK Ma. MAIN Z8S
Stocks, Bonds, Grain, Cot'
ton, Provisions. Curb and
Unlisted $ tocks, Liberty
Bonds. : I - . '
MKMBKRS CHICAaCi BOARD OP TRAD!
Past Privet Wires to All Market.
General Insurance
BOlJDS
McCargcvr, Bates & lively
Veon Bnildlag IMala 168, A-2694
January Investments
Permanent engraved coupon bonds of the following are
on hand and available for immediate delivcryij j
Canadian Bonds
Province of Manitoba 5 bonds - ss ;
Due April 1, 1922.,"- . if 7 l0f
Price to yield.............. .........I O fQ
Province of British Columbia 6 bonds
Due June 30, ,:
, Price to yield;
7.50
uiiuu .uiuiiiuia 070 uunus g- sssf afv
Due June 30, ,1925. ;. ; r SII05rV
........ fyy u
Province of Ontario 5 bonds
Due May 28, 1922. I .
; Price to yield. .. . j .v.i . . .
Greater Winnipeg 6 bonds.
TA..' -T..--. 1 1 OO f" I $:-
-1 Price to yield........ ;...............v.U)C
Northwest Municipals, Income Tax Exempt
Rate. Due. Yielcf.
City of .Forest Grove -6.,
Grant County, ' Wash. . 6
Toppenish Wash.r . . ; . '. . . ; 7
Stockton, Cal. 6Va
Kimberly, Idaho, Paving. 7
1921- 30. 6
1924 6
1922- 27 7
1922 i 7
1921-30 7.50
Keeler Brothjers
r ' Investment Securities '
Denver United States National Bk. Bid g., Portland
7 Broadway 5800.
January Investments to Insure
a Happy and Prosperous New Year
Rat
Hatsrlty .
1930
1930-35
1939 1
1925-31
1923
19?? 1
Mc
96.45
100.00
91.84
100.00
Tield
lf.25
6.00
65
7.00
91.09 8.00
97.00 8.45
State of Idaho, Highway 4
Tillamook C'nty School . 6
Nampa Highway Disk. 5V2
Standard Oil Co. of 1S.Y. 7
Prov. of Saskatchewan i 4 !
United Light & Rail. . . f 8 J
OUR POLICY: . - : ; ' I !'- '; -
To aid in the development of the Pacific Northwest
by constructive financing, j
To secure, for our clients, safe and profitable invest
ments. '- I - - : " '-'
n-
CLARK, KENDALL & CO., Inc.
Fifth and Stark Sts. ! i
Phone Main 715 f PORTLAND OR.
m