THE OREGON DAILY JOU RNAL, "PORTLAND, OREGON
FRIDAY, JANUARY 21, 1921.
INDIAN WHEAT CROP SITUATION IS. MOST SERIOUS
LOWER TENDENCY SHOWN IN STOCKS AT OPENING
16
HUGE
LIGHT HENS ARE
IN BEST DEMAND
KGG PRICE! EXCITElV
I.ate la the day bid for current re
eelpt eggs were a high a iSe a dozen
for Friday and Saturday delivery her
bat It wa Intimated that not above
490e wonld be available for Monday
arrival because of, a bad break' else
where. l ;
Chicken market 16 today showing a
very unusual feature. For many months
the demand has been centered almost
exclusively into the heavy weight stock
while little of thia stock was available.
Now the situation is just reversed.
. Instead of heavy.' hen showing an extreme
rail and an unfilled demand at sharp premiums
In tli price, the trade now prefers the light
weight stock at the differential. r The extreme
price that a heavyweight hen must bring in the
reUil market baa suited the detusnd for such
1 offering to a .very considerable extent and a
further los of 1 2c a pound to 31 32c is
noted in the price, while lightweight stock is
in excellent call and sales are being made
around 2ttc and a sprinkling of business, at a
fracUun highntr. . .
. Keason for the changed conditiona is glren
by 'reason of the increased of fenngs of heavy
weight utock and the more limited stock of
lightweight, due to the Jaywf eon of the
Utter.
Those desiring special information regarding
"any market should wnte the Market Editor,
Oregon Journal, inclosing stamp for reply.
MlGAIt MARKET IS IIOWN AGAIN
A drop of 35c per hundred pounda wa an
nounced in the wholesale price of sugar by local
handlers daring the day as a result of refinery
change along the coast. The new list, on granu
lated $8.63 per hundred pound.
BCTTEIi .DECHSK IS IX EFFECT
As atated in a previous heme of The Jourmu.
butter prices in Portland dropped 2c a pound
effective Friday morning. The new list on extra
in parchment wrappers ie 45c a pound. Butter
fat also lost 2u at 43o for No. I and 41c lor
No. 2 grade.
ECO PRICES COJfTlXt E MIXED
It appears that the extreme- price now being
quoted for egg is more the result of the attempt
of one buyer to give other high bidders their
fill of advanced prices, than any actual strength
in the trade. In fact relatively speaking the
'market situation is weaker.
GOOD ' POTATOES VERY SCARCE
Good quality potatoes are very scarce. Ac
cording to buyers few of the cars examined are
good enough to ship to Kan Francisco. There
is much junk stork tliat is not finding bids
abore 83c a sack in the country.
MEAT MARKETS lV GOOD SHAPE
Market for country killed meats continues 'in
quite good shape for the day. Veals are still
moving ont well at the extreme pofht for No. 1
light weight stock while hog values are main
tained generally.
HfllEF NOTES OF PRODCCE TRADE
Local cabbazo market moving better at low
prices.
Apple trade is just about stationary at tor"
' raw prices.
Markets crowded with fresh smelt at low
prices.
Rains expected to stimul&te potato planting in
California.
Inquiries again reported for hops but no prices
a re named. .1
WHOLESALE PRICES IX PORTLAND
These are prices retailers pay wholesalers, ex
cept as otherwise noted :
Dairy Products
BCTTKK Selling price, box lots: Creanv
ery. extras, parchment wrapped. 45o per lb.
Jobbing prices: Cubes, extras, 40u per lb.;
dairy, buying price, 20c per lb.
B t" TTE ItEA T-r Portland delivery basis. Not 1
grade, 43c; No. 2, 41c; country stations. 37
3Uc per lb. - -
CHEESE Selling price: Tillamook, fresh
" Oregon fancy triplets, 33c per lb.; x'oung Amer
icas, 34c lb. Prcrs to jobbers, f. o. b. Tilla
mook: Triplets, 30c; Young Americas, 81c
Selling price: Block Swiss, 3 8 4 0c ; iimburger,
30 &b 38c lb. ; cream brick. 30 0 38c lb.
EGGS buying prioe: Current receipts.
51 (9 53c dozen; candied, selling price, 55c
.dozen; select. 57c per dozen.
LJVB POLLTKt Selling price: Heavy hens.
3 1(3 32a lb.; light hens, 26 19 27c lb.; springs,
light. 32c per lb. ; heavy. 28 s 30c per lb.; old
rooster", 15c per lb.; turkeys, live. 4 5c per lb.;
dressed. 55 60c per lb.; ducks, 85 & 42c lb.
Freeh Vegetables and Fruit
FRESH FKUl V Oranges, 4 00s 5.00 box;
bananas, 1 2 13 c lb. ; lemons. $4.00
4.75 a crate: grapefruit. Florida, tl.ftOWB.ou;
California, $4U; (wars, $1.602.50.
APPLES $i 50(ff3 25.
DRIED KTtClTS lates, Dromedaries. 7.00;
Fsrds. $4.00 per box: figs. $3.75 4.00.
UNIONS Selling price to retailers: Local,
$1.25&1.60; garlic. 15c; green onions, 40c
dozen bunches.
POTATOES Selling price: Oregon fancy.
$125w 1.50; sweets, 6$7c per lb.
BERRIES Cranberries, local. $6.00 6.23
per box; eastern. $19.00 bbL
VEGETABLES Turnips, $1.50 per seek;
carrot. $1.50; beets. $1.50; lettuce, $3.50&
3.75 per -crate; egg plant, 15 020c: broccoli.
$1.75; bell peppers, 20 19 25c lb.; celery, $1.25
-per dozen; Hubbard squash, 2 2 He lb.
Meats and Provisions
COUNTRY MEATS Selling price: Country
lines, 15 & 1 6c per lb. for top blockers, about
-125 to 150 lbs.; heavy stuff lower; veal, top,
bO to 110 lbs.. ITS IS 18c; heavy stuff lees.
S&OKED MEATS Ham. 20 33c per lb.;
breakfast bacon. 2a & 47c.
LAltD Kettle rendered. 22 hie lb.; tierce
basis, compound, 13 He.
Fish and Shellfish
FRESH FISH Bteelhead, 23 25o lb.;
frozen chinook, 20c: halibut, fresh, ( ) ; stur
geon, ( (; black cod, 11 4f 12c; kippered sal
mon, $2.50 per 10 lb. basket; kippered cod,
$2.85; razor clams. ( ); crabs, $2.75 rf 3.75
per dozen ; ling cod. 6 & So per lb. ; Columbia
smelt. 4 ( So per lb.
OVSTEKS Eastern. per gallon. $5.00;
Olvuipm. $5.50. i
Grocer!
Kl'GATt Refinery basis: Cube, $10.40;
fruit and berry, $8.85; l yellow, $8.05; gran
ulated, $8.65; extra C. $7.45; golden C, $8.15.-
IrONEY I'er case. $8.00; bulk. 18c per lb.
RICE Japan style. No. 1. 6c; Blue Rose.
So. per h. ; New Orleans head, 11c.
. COFFEE Roasted.' IV 31c. in sacks or
drums.-
SALT Coarse, half ground. 100s, $17.25
per ton; 60s. $18.75; Uble dairy. 50s, $27.25;
bales $3.50 & 4.00; fancy uble and dairy.
$34.50; lump rock, $26.50 per ton.
BEANS Sales by jobbers: Small . whit.
( Sho lb.;' large white. 5 He; pink. T c per lb. ;
limas, DHc; bayou. lHic; reds, 7e; Oregon
. beans, buying prices. nominal.
CANNED MILK Carnation. $6.00; Borden.
$6 00; Astor. $5.90; Eagle, $12.50; Libby.
$3.90; Mount Vernon. $5.90 per case.
SODA CKACKEUS In bulk. 17e per lb.
' NUTS Walnuts. 23 (s 2 Be per lb.; almonds.
TRANSPORTATION
Matson Navigation Co.
U. S. S. B. STEAMER
HOLLYWOOD
Loadingfreight at PORT OF
ASTORIA. January 31. for HON
OLULU. KAHULU1 and HlLO.
Fof rates and- further particulars,
apply to Traffic Manager, Port of
Astoria. i
J
AUSTRALIA
NEW ZEALAND AND SOUTH SEAS
Via Tshtto arte) Raretoneas Mall and Passenger
Service from San Francisco every ZS Day.
UNION S. S. CO. ,OF NEW ZEALAND.
230 California SU. San Francisco.
Or' Local Steamship and Railroad Agenda.
STEAMER
' For-
SAN FRANOISCO. LOS ANQELES AND
SAN DIEGO,
Sailing 2:30 P. M. ' Saturday.
CHEAP RATES
M. BOLLAM. Agent.
122 Third Street Phone Main 26
CARLOAD OF HONEY
COMING TO CITY
A carload of comb honey, the first and
only one of the season to be shipped
to Portland-, Js flue to arrive here during
the next day qr no. The shipment will
consist; of 845 Jcasea of water white al
falfa stock. The ' supplies come from
Nyssa, i Or. .
There nas of late been an extreme scarcity
of comb honey in the local trade. The result
has been that prices have held unusually high
in face of the sugar weakness.
The carload now rolling to this city will "be
handled through the Anderson Brokerage com
pany and is not only the first carload shipped
to Portland from Eastern Oregon this season
but is said to be the last, as the shipment will
practically clean up all offerings in the Nyssa
district, i
Reports indicate that the carload will be
placed on sale here to retailers at $8 a case
but that of the supply coming, Seattle, Ta
coma and other points are asking for their share.
PREMIUM
PAD
FORWHEA
T
DAIRT PRODUCTS OF THE COAST
! Seattle Market
Seattle, Jan. 1 21. (U. P.) Eggs Fresh
ranch, 55 57c.
Butter City creamery, bricks. 45c; cubes.
44c I T i
San Francisco Market
Ran Francisco, Jan. 21. (U. P.) Butter
Extras, 45c.
Eggs--Extras, B6e; extra firsts, 65 c; ex
tra pulletst. 54c; undersized pulletst. No. 1, 43c.
Cheese California flaw, fancy, 25c.
Los Angeles Market
Lc Angeles, Jsn. 21. (I. N. S.) Butter.
4Se.
Ejgs Extras, 56c; Que count, 53c; pul
lets, 54c
Poultry Hens, 35 (ft 36c; broilers, 40 47c;
fryers, 4 Oc
POTATOE
COAST
ALONG THE
8eattr Market
Seattle, Jan. 21. U. P.) Potatoes $25
40,
Lo Angeles, Jan. 21. (L N. 8 ) .Pota
toes Stockton Burbanks. $2:00 2.25; Idaho
Russetts. mostly . $2.00 2.25; local, mostly
85 (3 95c per lug. i
San Francisco Market
San- Francisco, Jan. 21. (tj. P.) River
White, ' $1.60 1.65; Salinas. $3.50; sweets.
$3.00-0 5.25.
Onions Yellow and white, $1.50 01.75;
Australian brown, 60 ($ 90c.
New Tork Batter and Eg?
New York, Jan. 21. (L N. S. Batter
Market barely steady. Creamery extras (salted
and unsalted). 50H&'54c; creamery firsts
(salted and unsalted). 43n53c; creamery,
higher than extras (salted and unsalted), 51 Vj
4b55c; state dairy, tubs, 30 50c
Cheese Market firm. Whole milk ' specials,
24H20c; whole milk, fancy, 23g25V4c:
whole milk, lower grades. 2022c. Wiscon
sin, whole milk, fancy Young Americas. 28 hi
20 4c; state, skims, specials, 17 20c; skims.
choice, 15 17c; skans, fair, 12 & 14 Vic; skims, j
lower grades, loe.
Eggs Market easier. Nearby white, fancy,
75 gi 78c; nearby brown, fancy, 75 ( 75c; extra,
72 73c; firsts, 64, 67c.
FRIDAY WHEAT MARKET
Bid. Loss.
$!.; Se
l.S . 2e
1.53 Se
1.4J Se
10
,1.48 6c
Hard white
Soft white .....
White rial)
Hard winter
"Northern spring;
bed WaUa ....
NORTHWEST GRAIN RECEIPTS
Reported by Portland Merchants exchange:
-t ars
Portland. Frf . . . . 5
Year ago ...... 3
Season to date.. 97X9
Tear ago ...... 5557
Tscotna. Thurs. . 1
Y'ear ago 24
Season to date.. 31 67
Year ago ..... .4433
Seattle. Thurs. , . 2 1
Year ago ...... 23
Season to date-. 3285
Year ago 4208
Wheat. Barley. Flour. OaU. Hay.
3
1 24
176 49R
156 2518
" 8
47 61 1
68 1722
" 7 2
177 225
212 472
1 1
' . . . 19
SOO 1373
385 1116
3 2
1 4
82 607
135 U06
3 4
298 1050
502 019
Dried Fruit and Beans
New Tork, Jan. 21. (I. N. S.) Bean mar
ket steady. Marrow, choice, $9.00; pea, choice,
$4.60 (s 5.00; red kidney, choice, $9.25
9.50. j.
Dried fruits market Prunes strong; apricots,
extra choice to fancy, 26(p36ct apples, 'evap
orated, prime to fancy, 6 1 0 hi c ; Prunes, 30s to
60S. ll17c; prunes. 60s to 100s, 6
Oic: peaches, extra choice to fancy,
21 Vie; seeded raisins, choice to fancy, 24 26c.
Chicago Dairy Produce
Chicago, Jan. 21. (I. N. S.) Butter Re
ceipts, 3313 tubs. Creamery extra, 46c; firsts,
45c: packing stock,: 15 18c.
Eggs Receipts, 6297 cases. Mi-ceUaneous,
67(60c: ordinary firsts, 3658c: firsts,
61 He; checks, 50 Is 55c; dirties, 54 58c.
Cheese Twins, new, 24 24 He; daisies,
2414 611250: Young Americas. 27 27 c; Long
horns. 27 C 27 He: brick, 20c.
Live Poultrjr Turkeys, 43c; chickens, 28 He';
springs, 27 He; roosters, 20e; geese, 26o; ducks,
31o per ib.
By Hyman H. Cohen
While wheat prices were sharply
higher In the option markets, as might
have been expected in the manipulative
exchanges, values here during the last
few days have been somewhat out of
line with the prices asked at Pacific
Northwest primary points
Reports of intense damage to crop prospects
in India as a result of the prolonged drought
are now reaching thia country. The situation
there is said to be unusually desperate, in fact
so much- so that fears are exprensed that India
will be practical ly removed as a competitor in
the World's trade this season and that it may
be necessary to purchase actual requirements
elsewhere.'
With export bids rather liberal at this time
and as high as 21 Ha a bushel premium being
paid for cash stuff over the March delivery at
eastern shipping centers, the market situation
has ' assumed unusual strength in the face of
preceding weakness and sharply lowered v sines.
Of special interest to the trade is that de
spit the strong tone in wheat, mills tnff prices
are held stationary. A general lowering of other
feedstuff value is shown in the accompanying
price list.
Flour market is quiet, although foreign in
terests are said to be again nibbling.
FIX)UR Selling price, mill door: Patent.
$10.20; Montana spring wheat. $9.50; Wil
lsmette valley brands, $8.55; local strsight,
$8.30; bakers' local. $9.00; graham. $8.40:
whole wheat, $8.60. Price for city deliveries
15c extra; suburban. 20c extra.
HAY Buying price, nominal. Willamette
timothy, fsncy, 29. 00 IS 80.00 per ton: clover,
X2' in- i-hut $23.00: straw. $13.00 s 14.00;
grain, $25.00; alfalfa, $22.00 fe 23.00 per ton.
U11A1A bAtso nominal. iw.
lftc: domestic, lie in car lots; lea amounts
hJcher.
MILLSTTJFFS Mill run st mill, sacked, ton
lots. $36.00; carloads, $35.00.
OATS Per ton, buying price; Feed, $35.00
36.0.
BARLEY Buving price: FeeU, $33.00; mill
ing, 34.00 34. 50.
SEED Buying price, nominal: no demand.
Red clover, recleaned. ( ) per lb.; alaike,
I ) ; vetch. ( ) .
FEEDSTCFFS F. O. B. mills: Rolled bar
lev, $43.0Oi45.OO: whole barley, $41.00;
alfalfa meal. $3)0.00; coconut meal, $30.00;
cracked com, $45.00; whole com, $42.00 ton;
scratch feed. $59.00; soy bean meal. $52.00;
linseed meal, $62 00; whole oaU. $42.00;
rolled oats. $44.00 pier ton.
ROLLED OATS Soiling price. $10.00 bbL
Merchants Exchange bids:
WHEAT
Jan.
Hard white 3 56
Soft white 155
White club 153
Hard winter 145
Northern Murine 150
HOGS
RULING
WEAK WEAKN
AT NORTH PORTLAND
FRIDAY HOG MARKET
Tone Top
Portland Weak $ll.i0
Chicago Si40e lower t.00
Omaha l2ic lower .1S
Kansas City ........ Slow t.18
Dearer 16c higher 1.58
PORTLAND LIVESTOCK RCN
Friday . . .
Week ago
Two weeks ago .
Four weeks ago
Y'ear ago- . . . .
Two years ago .
Three years ago
Four years ago
Hogs. Cattle. Calves. Sheep. Car.
:i
390
3
204
320
3 S3.
363
941
29
57
9
242
556
1-3
85
. . 283
902
1 4
5 1610
3 4
9
25
28
fclVESTOCK PRICES COMPARED I
Hogs. Steers. Imbs.
Friday $11.50 $ 9.25 $10 50
rear ago 16.00 12.00 16.00
Two years ago . . . 17.00 13.50 14.23
New Tork Potato Market
New Tork. Jan.! 21. (I. N. S. ) Potato
market, steady. Nearby white. $2.50 4. 00;
Bermudas. $6.00 10.50.
New York Poultry Market
New Tork, Jan. 21. (I. N. S.) Live Poul
try Market firm.' Chickens. 2;45c: fowls.
31 37c: turkeys. 45 65c: roosters. 16c:
ducks. 42 40c; geese, 25 36c.
New Tork Metal Market
New Tork. Jsn. 21. (I. N. S.) Copper
Dnll;' spot, January, February. March, offered,
13 "4.
Lead- Dull; spot and February, offered, 5 "4 .
-Spelter Dull; sit and January, offered,
5H; March and April, offered. 5.55.
New York Wool, and Hides
-New Tork, Jsn. 21. (I. N. S.) Wool
Market .weak. Domestic fleece. XX Ohio, 22
4 5c: domestic, scoured bais, 18(6 60c domestic
Texas, scoured basis, 40 (g. 75c; Dum. Ter. staple,
scoured, 50 (g 85c,
-Hide Market fair demand. Native steers,
nominal; branded steers, 12c.
New York-London Silver
New York. Jin. i 21. (I. S.) Comme
cisl bar silver was today quoted as follows: Do
mestic, unchanged at -ill) He
lower at 66 c.
London, Jan.- 2t. L N. S.)
was Sd lower at 40d.
Red 'WaUa
No. 2 white
No. 2 gTay .
Brewing
Feed ......
142
FEED OATS
34 50
8O00
BARLEY
3300
...... 3 1 00
CORN
No. 3 eastern (bulk) . . 3000
No. 3 local (bulk . . . .
Sales-$34.50.
Feb. Mch.
1 56 1 r
153 155
155 155
145 145
1 5lt 1 50
142 142
3400 3425
3100 3100
3200 3200
3000 3000
3000 3000
-No Bids
Only four loads of livestock were re
ported in the North Portland alleys at
the opening .Friday but several moire
loads of cattle were due later in the day.
Hogs were weak and other lines nominal
ly Hteady. I
"lirtheTIepTwaioDwaiiMJtedTn
for hogs at North Portland Fridayt although
but two loads put in appearance here for the
day. . I
Gatherlng weakness was shown again in the
Eastern alleys and further price losses were
forced. i
General hog market range: I
Prime mixed $11.0011.30
Smooth heavy 10.50 11.00
Rough heavy 7.00 9.50
Fat pigs . 10.00 11.00
Feeder pigs 9.00 10.00
Cutis Are Nominal
Nominally steady tone was reported at North
Portland for the Friday morning trade. Only
a load was reported on the market bnt four
more loads were due to come forward at a later
hour. .
General cattle range:
Choice steers
Good to choice steers........
Fair, to good steers
Common to fair steers
Choice cows and heifers
Good to choice cows and heifers.
Medium to good cows and heifers
Fair to medium cows and heifers
Common cows and heifers ......
Canners
Bulls . .
Choice dairy calves......
Best light calves
Best light calve
Choice feeders
Fair to good feeders
Medium light calves
Sheep Trade Quiet
.With but a handful &f Btuff in the alleys,
the North Portland market for sharp and
lambs continues quiet and on a nominally steady
basis.
General iTt..r tnarlra. v..
East of mountain lambs
Willamette valley lambs.
Cull lam ox
Feeders lambs ........
Wethers .
Yearlings
Ewes
Thursday Afternoon
COWS
8.50 0
8.00
6.50
C.50
7.00
6.25
5.50,
5.00
4.00
.. 2.50
. . 4.50
. . 12.00 13.0O
. . 10.00 11.0O
. ..10.00 11.D0
. 6.50 7.25
, . B.75 6.75
. 9.00 10. 0U
9.25
8.50
7.60
6.50
7.60
7.00
6.00
5.50
5.00
3.50
5.60
ESS GENERAL
IN SHARE. MARKET
New York, Jan, 21. (I. N. S.) The
stock market closed weak today. The
filing increased as the session neared
the close and many Issues touched the
lowest levels of' the day. Mexican Pe
troleum was under the severest pressure
and from a high of above;163 dropped to
156. Steel common: dropped. 1 point to
81 and Baldwin yielded over 2 points to
88. Crucible Steel yielded over 3 points
to 92 and Bethlehem B was off 3 points
to 54. The rails were also In supply,
Readiifg- declining: nearly 2 points to 83
while Southern Pacific fell U to 98.
Chandler Motors fell from 71 to 681.
and Studebaker broke 2 to 53. General
Asphalt closed 34 lower at 663.
Government bonds unchanged ; railway
and other bonds steady.
Total sales of stocks today were 745,
900 shares ; bonds, $9,991,000.
.$ 9.50 10.50
. 9.00 9.50
6.00 cb
6.00
6.50
. 7.00
. 1.00
sale
e.oo
7.00
7.00
8.25
4.30
-200 tons Montana white feed oats.
Sharp Rise in
Wheat After a
Lower Opening
Chicago, Jan. 21. (I. N. S.) Follow
ing an early bulge in wheat on a report
that Portugal was in the market for
about 10,000,000 bushels, some of which
was for immediate shipment, prices col
lapsed and dropped 8c from the high
point of the day. Corn and oats followed
and registered new low marks on the
crop. Provisions closed higher.
Resting prices for .March wheat were
at declines of 44Vc and May dropped
bl'tQoc. May corn was llic lower and
July llc off. May oats declined 1
& l4c and July 1& lc
No. Ave. lbs. Price. No. Ave. lbs. Price.
1.... 4rt $ 4. 50 3....-S60 $ tt.OO
1.... K50 5.50 1.,.. 950 6.0-0
1 . . . . 810 7.0O
CALVES
1.. . . 170 $13.00
BULLS
1. .. .1540 $ 6.00 1
HOCJS
I 270 $10.50 10 225 $11.50
J.... 610 9.00 6.... 90 11.25
4 137 11.50 1 170 10.50
1.... 410 7.25 10 . 204 11.50
2.... 225 11.50 4 165 11.75
I.... 100 11.00 7 212 11.50
H. ... 316 10.5O 2. 165 11.00
7.... 222 11.50 1.... 350 9.50
in....' 215 11.75 10.... 204 1 1.50
I. ... 300 0.50 1.... 320 10.50
10.... 231 11.25 5 200 , 11.0O
1 . . . . 240 11.00
LAMBS
3 78 $ 9.23 9 66 $ 7.50
EWES
7. 107 $ 3.50
Friday Morning Sales
HOGS
V
54.
1
o.
At. lb. Price.
. 183 $11.50
90 11.00
No.
6 . .
1 . .
Av. lbs. Price.
. 105 Ml. 00
. 290 9.50
New York. Jan. 21. (U.' P.) In
dustrial stocks manifested weakrtess in'
early trading on the New York stock
exchange today. Steel common dropped
J,i at 82, Crucible was down - at 95
and later sagged to 94.
There wa big interest in the movements of
General Asphalt. It opened at 67. unchanged,
but sold off quickly to 65 U . which is a de
cline of nearly 6 point from Thursday's high.
The weakness extended to oils also. Mexican
Petroleum, opening up S at 163. " knmeaiateiy
lost ' a point.. International I'aper and Texas
laeifie were strong points in the list, both being
quoted at more than a point above the previous
close. Baltimore & Ohio was up H at 35 H .
Southern Pacific, however, was down H at
97 H.
Coppers were firm in the early trading.
The market continued irregular through the
forenoon session with oils suffering the greatest
reaction because of a cut in Pennsylvania crude
oil price.- Motors were off but Studebaker re
covered a point after dipping below 53.
Bears attacked Bethlehem B. on the strength
of Charles M. Schwab's appearance before the
shipping board committee to deny- charges that
his personal! expenses when he was head of the
Emergency Fleet corporation had been charged
to the government. Bethlehem B. at its low
was off 2 H The bears were worried at the
strength of Studebaker, which, after reacting to
around 54. rose again to above 55 H.
The afternoon session was dull. After the
morning recession the market firmed for the
most part. Oils were steady, with the excep
tion of Mexican Petroleum, which was off 7
points from' yesterday's high at 160.
New lows for ' the day were made in the last
hour of trading. Mexican Petroleum sold down
to 158, off: 9 from Thursday's high. Baldwin
Locomotive dropped below 89. and Bethlehem
B below d.". . Other bteels sold off a point or
more.
An exception to the General trend was a re
covery in Kelly-Springfield 8 per cent preferred,
which made: 91, Up 6 from lie las previous sale.
The market was dull all day and apparently
reflected the sentiment of Thursday's close when
a feeling developed that the recent advances had
been Uo rapid to last.
& Cooke Co., Board
Portland Credit ;
Men Talk Shop at
Monthly Banquet
The Portland Association ! of Credit
Men, held ita monthly banquet lasf, evej
nitig in the crystal dining room of th
Benson hotel. A strong delegation! was
present and a number of matters ;qf irnj
portance were taken up. H. jJ. Powers,
chairman of the association- acted as
toastm aster. ,
Charles H. Hill of the legislative com
mittee told of the work thati body had
done at Salem. He urged that i,je very
member write to th varloixs senators
and representatives gathered khere: rela
tive to the passage of the association's
proposed legislation. A. R. Morris, :hair
man of the convention committee, spoke
of the convention of the (Northwest
Credit Men to La held In Seattle) and
'urged a large attendance from the: local
chapter. ! " 1 ,1
The necessity of each meriberi workj
ing to increase the associatikm's jnemi
bersjiip was brought out b' Orin M.
Pierce, chairman of the rjiembrship
committee. B. V. Wagner, rlcei chair
man of the national association, upoke
of the bankruptcy act- as it .ffects the
work of the individual creditl man.
. Walter Jenkins led the g4tnelii,S
songs which wijll be sung bj the Port
land delegation ' at the Seattle cohvenr
tion. Miss Marion Young, accompanied
by Mrs. Fred Youney, rendered tw
solos during the banquet.
Annual Elections
.Are Conducted by
Pendleton Banks
Pendleton. Jan. 21. Annual elections
of officers and directors for the First
j National bank and Inland Empire bank
in this city, resulted as follows :
First National bank Levi Ankeny.
president ; G. M. Rice, vice president ;
G. A. Hartman, cashier; L. G. Rice and
Edwin Winter, assistant cashiers: di
rectors, Levi Ankeny, G. M. Rice, G. A.
Hartman. Dan Smythe and 'Fred Laats.
Inland Kinplre bank J. W. Maloney,
president; W. H. Bennett, vice president
and cashier; L. L. Rogers, second vice
president ; directors, J. W. Maloney, W.
II. Bennett. U U Rogers. Alfred
Schnelter. William Blakeley. H. J. Tay
lor, A. W. Rugg, Frank Grllman and
Manuel Pedro.
L. L. Rogers prominent farmer, was
elected in place of Douglas Belts, who
haa taken residence in California, and
W. H. Bennett, formerly state superin
tendent of banks, replaces C K. Wailes
as vice president and cashier. Wailes
is retiring on account of his family's
health.
I
Stock Mmket
k. Topics
SHORT TERM NOTES
Quotation furnished by Clark. Kendall
Co.. Inc :
Maturity.
- 2-24
10- 1-22
2- 1-24
12- 1 28
1 1
1 1-11-11-
4
New York and Chicago bankers un-j-derstood
to have agreed to underwrite
Goodyear Tire refinancing plan calling
for $25,000,000 8 per cent bonds, $25,000,4
000 8 per cent debentures and! $15,000,OOQ
notes. Present preferred atocfk probably
wiH be exchanged for new IsSue of pre
ferred.
Burlington's stockholders ajpprove re-j
financing plan.
1
Manufacturers institute sujt for dis
solution of clothing workers? union in
Vur Vnrlr start i
!
American Zinc, Lead & Smelting com-
pany passes dividend on preferred.
I
Furnished) by Overbeck
of T.rado budiding :
foreign, 1 c
Bar silver
MinneapoUsDnlath Flax
Duluth, Jan. 21. (I. N. S.) Flax Jan
uary, $1.91: May, $2.01; July, $2.04; track
and arrive. $1.93.
Minneapolis, Jan. 21. (I. N. S.) Flax
Track and arrive, $1.89 LOO.
Chicago Potato Market
Chicago; Jan. 21. II. N. S.) Potatoes
Receipts, 48 cars. . Norfnern white, sacks, $1.20
1.30; bulk. $1.30 1.40.
Chicago. Jan. 21. (I. N. S.) Wheat
opened ' c to c lower for March and ur
cliangtd to 4c cheaper for May. The market
ran into commission house buying on the break
and' had a prompt rally. Trade was quiet.
Fairly general buying featured corn, but of
ferings were light. May opened He lower to
i c higher, and July was unchanged to ?c
higher. . ,
Oats started steady to He lower, with locals
buying after the start because of the streugth
in other grains.
Provisions started lower, reflecting a hog
decline.
Jfew Tork Sugar and Coffee
New York. Jan. 21. (U. F.) Sugar,
steady; raw, 3 39; refined, steady; granulated,
7.75.
Coffee No. 7 Kib. 6H 6?ic; No. 4 Santos,
9 U 9 i c.
Sugar Refinery Cuts
San Francisco, Jan. 21. (TJ. P.) The
wholesale price of sugar dropped today from $8
per 100 pound to $7.65.
Naval Stores Market
New Tork. Jan. -i 21. (I. N. S.) Turpen
tine Savannah, 93 H . no hales; New Ylrk,
75.
Rosio Savannah, 1 1 ; New Tork. 9.
Bneno Arres Wheat
Buenos Ay res, Argentine, . Jail. 21.
steady, 2 H c higher. ;
-Wheat,
27 i 28c;. filbert, 32e in sack lots; peanut.
14H15c; pecans, 23c; Braziis, 35c
Rope, Paints, Oil
ROPE Sis 1. dark, 14c; white. 16c per lb.;
standard Manila, 20 He.
LINSEED OIL Raw. bbls.. $1.01 gal; ket
tle boiled, bbla., $1.03; raw, cases, $1.16;
boiled, cases. $1.18 per gallon.
COAL OIL Pearl or water white, in drums
or iron barrels, 17 Ho gallon; cases, 30c per
gallon. : 0
GASOLINE Iron barrels, 29c; eases.
41 He. i
WHITE lAD -Ton lota. 12 He; 500 lbs.,
12e per lb.
TURPENTINE Tanks, $1.21; cases. $1.36;
10- case lota, 1 less.
Mops, Woov and Hide
HOPS -Nominal, 1920 crop, 25 2 Sc.
HIDES i Calfskin. 10 lie; kips, 69e;
green hides, 5 6c per lb.
MOHAIR Long. 25c; short, 1 Sc.
TALLOW AND GREASE No. 1 tallow. 6c;
No. 2. 4c.
CASCARA BARK New, Be lb,
WOOL Coarse. 10c; medium. 20c; fine,
25j pet lb
Stocks, I Bonds, Cotton, Grata, Etc.
Jl - 117 Board of Trade Building
" ! ; ' ' '
Overbeck&CookeCo.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Members Chicago Board or Trade
Correspondent of Logan b Bryan,
Chicago ; , ,. Kcw York !
Chicago range by United Press:
WHEAT
Open. High. Low. Close.
March 168. 171 H 364 165
May 160H 162H 154 H 15
CORN f S
Mav 6S4 674 i 674
July 70 70 68 H ; 8H
OATS
May 44 i 45 i 43 H 43 H
July ...... 44 'Si 45 H 93 s 43 H
RYE
May 147 "4 149 i 145 4 14r
July 130H 132 128 128t
BARLET
May 68 H C8 H liC 66
Bid.
PORK
"January .... -. . 2350
May 2325 2335 2320 2335
LARD
January ,...12!2 1292
May 1360 3172 1353 1305
RIBS
January
M.v 1240 1?.V7 i-.n
Cash wheat: No. 3 red, $1.86: No. 2 hard,
$1:75 H ; No. 3 spring. $1.72 1.73.
118:
1250
SO COSF1DESCE IS COTTOX
MARKET; VALUES SLIDING
New York. Jan. 21. (I N. S.) The cotton
market opened barely steady today with prices
unchanged to 15 points lower. Liverpool, the
South and Wall street were leading sellers at
the start, while the trade and room shorts bought
moderately. After the opening the list dropped
about 23 points ' under yesterday's close ana
then rallied a few points but ; showed no evi
dence of an outside buying confidence. ; About
75 notice wer issued this morning.
There was a moderate recovery 1st in the
day on a demand from shorts but the tone re
mained unsettled and cloiing prices were 65 85
points net lower.
tpot cotton waa quiet today, 70 points lower,
at $16.65. No sales. '
Furnished by Overbeck St Cook Co., Board
f Trade building;
open. High.
... 1710 1710
. .. 1550 1550
. .. 1540 1540
. . 1555 1553
January ,
March . .
May . . . .
July
September
October .
November
December
. . 1560
.1 1560
1563
1560
Low. Close.
1640 1641
1464 1465
3474 1475
1500. 1500
. ... 1510
1307 1510
1505
1525 1500
Liverpool Cotton Easier
Liverpool, Jan. 21. L N. 8.) Spot cot
ton opened quiet. Prices were easier: Kales for
the day were 2000 bales. American middlings.
13. 4M: good middling. 10.25: mirlitlinm o
I low middlings, 8.10; good ordinary, 6.60; ordi
1 nary, 5.85. Futures opened quiet. . ,
AMERICAN LIVESTOCK PRICES
Chicago Hogs S9.60
Chicago, Jan, 21. I. N. S.) Hogs Re
ceipts, 56,000; 35 (a 40c lower. Bulk. $9.00
n.2.": tops. tO.HO; heavyweight, $8.05 9. 1 5 :
medium weight, $9.00 (o 9.30 ; lightweight, $9.2
9.60; light lights, $9.25 9.60; heavy pack
ing sows, smooth, $8.25 8.75; packing sows,
rough. $8.00 8.25; pigs. $9.25 9.60.
Cattle Receipts. 7000; slow and lower; most
ly 25c lower. Beef steers, choice and psime.
$9.6010.7; medium and good, $8.259.60;
light weight, good and choice, -X. 75 10.25 ;
common, and medium. $7.00 8.75; hutche
cattle, heifers. $5. 25 9.00; cows. $4.50 (n
5.75; bulls. $3.23 7.50; canners and cutters,
rows and heifers, 3 254.50; canner tteers,
$4.005.50: veal calves (light and handv
weight, $10.50 12.50: feeder steers, $0.50 (t
8.75; stocker steers, $.V258.00; stacker cows
and heifers, $4.25 6.00.
SI leep Receipts, 9000; steady rfo strong.
Lambs, 84 lbs down $9.25 11.00; lambs. 85
lbs. up, $8.50 10.50; lambs, cnlls and com
mon, ' $7.50 8.75 : yearling wethers, $7.50
9.25; ewes, $3.75 6.00; ewes, culls and com
mon, $2.003.50; feeder lambs, $8.2510.23
Omaha Hogs $9.1 S
Omaha, Jan. 21. (I. N. S.) Hogs Re
ceipts. 15,000; active, 1 0c to 25c lower. Bulk,
$8.759.10; top. $9.15. '
Cattle Receipts. 2700; beef and butcher
stock dull, 25c lower. Very little done. Veals,
steady; storkers and feeders, weak.
Sheep Receipts, 2000. Sheep and limbs,
15c to 25c higher. Top lambs, $10.50; beat
120-lb. ewes, $5.00; feeders, steady.
Seattle Hogs $11.66
Seattle. Jan. 21. (I. N. S.) Hogs Re
ceipts 1-43, lower. Prime lights, $11.00
11.65; rough heavies, $8.00 8.50; smooth
heavies. $1 0.00 1 1.00 ; pigs, $9.00 11.00.
tattle Receipts 78. weak. Prime steers.
$8.SOif 9.00: common to good. $6.O0 (m 6.50 :
medium to choice, $7.00 8.00; best cows and
heifers, $6.25 6.75; common to good. S3. 50
6.00; medium to choice, $5.00 6.00;
calves, prime lights, $ 1 1.00 12.50 ; heavy
calves, $6.00 7.00.
Sheep Receipts none.
Kansas City Hogs S9.10
Kansas City, Jan. 21. (I. N. S.) Cattle
Receipts, 700; dull. Steers, $7.50 10.00;
cows and heifers, $5.00 8.50; stockers and
feeders, $5.00 9.00; calves, $7.00 11.00.
Hogs Receipts, 5500; slow. Bulk. $8.75
0.OO; top, $9.10 : .light. $8.85 9.00.
Sheep lteeeipts. 2500. Mediums. $8.SO
Dcnver Hogs $9.60
.Denver. Jan. 21. (U. P.) Cattle -Receipt,
200: steady. Steers, $7.00 9.00:
cows and heifers, $4.b06.50; stockers and
feeders. $6.50 8.00; calves. $7.O0 10.00.
Hogs - Receipts. 300; 10c 'higher. Top,
$9.50: bulk, $9.25 9.30.
Sheep - Receipts, 800: steadv. Lambs,
$8.759.75; ewes, $3.75 4.75; feeders,
$8.759.25.. t
Clearings
PACIFIC COAST BASK STATEMENT
Portland Bank
This Week.
6.026.150.87
5.504,953.03
5.169,909.58
4,584.447.07
4,338,975.24
Monday
Tuesday .
Wednesday
Thursday
Friday . .
Tear Ago.
6,390,231.95
4.708.452.62
5.260,261.31
6.433,304.10
,4. 727. 126.59
Spokane Bank
Clearings Friday ;.$ 1,624,919.00
Balances Friday 589,412.00
Seattle Bank
Balances Friday 1,198,156 00
Clearings Friday $ 4,45,6,219.00
Tacoma Banks
Clearings Friday $ 413,319.00
Balances Friday 48,400.00
San Francisco Bank
Clearings Friday $21,100,000.00
Lo Angeles Bank
Clearing Friday . ... ..414,860,209.00
San Franelsro Barley Market
San - Francisco, Jan. 1 21. (U. P.) -Spot
feed per cental, $1.42 1.47 H ; shipping.
$1.60 1.93. . t . -
San Francisco Poultry Market
Ran Francisco, Jan. 21. I U. P.) Broiler,'
555So; large hens, 37 38c; best duck, 30
35c
Chem . . .
Alaska Gold
Alaska Juneau
Allis-Chatuiers ,
Am. Beet Sugar ......
Am. Can. Co
Am. Car o Fdy
Am. Cot Oil.
Allied Chem
Am. Hifle- & Leath . . .
Am. Intl. Corp
A m. Linseed
Am. Loco . .
Am. Ship A- Com . . . . .
Am. Steel Fdy
Am. Smelter
Am, Sugar - '
Am. Sumatra
Am. TeL & TeL
Am. Tobacco
do "B"
Am. Wool ..........
Am. '.iuc
Anaconda
Associated Oil
Atchison .
Atlantic Coest Line...
Atl. Gulf A; W. 1
Baldwin Ivoeonioitye -
Baltimore & Ohio . . . .
Beth. Steel "B" .....
B R. V. . :
Butte C. 6a Z.
Butte Sz. Sup
Caddo Oil
Canadian Pacific
Central leather
Chicago & N. W
Chicago lit. V. ......
Chile Copper
t'hino
C. M. & SC P.
C. & O
Colo. Fuel & Iron
Coio. Southern
Cons. Ga$ . . .
Corn Prod.
Co-den Oil
C. It. I." & P
Crucible
Dome Mines
Denver &. It. G
Endicott-' Johnson ......
Erie -
Erie --t pfd
led. Mine. Smelt. . . .
I .aston W ms. . . -'
Gem. Cigars
Gen. Electric
Gtn. Motors
1. en. Asphalt
Goodyear . ;
Goodrich
Granby .
Great Nor. -Ore
Great Nor, pfd .......
Greene Cananca
tiask Barker
Houston Oil '
Illinois Central
Inspiration
Interboro . . .'
Interstate Callahan
Int. Harv
Int. Mer. Marine
Int. Nickel
Int. ,Paier
Invincible Oil .
Ivland Oil . . .
K. C. Southern".
Kennecott ........ . . .
Lack. 'Steel
Lehigh Valley
L A N.
Mex. Pet. .'. ,
Miami
Mid. States' Oil
Midvale Steel
M. K. & T
Mo. Pac.
Mont. Ward .
M. St. P.-Jt S. S. M. .
M. & St. L.
Nar Biscuit .........
Nat. Enamel ........
Nat. Lead
NeAda Con. ........
New Haven .........
Norfolk & W. ...
Nor. Pac.
N. Y. Airbrake
N. Y. Central
Okla. Prod, ref
Ontario &. Western
Otis Steel , . ......
Pacific Dev.. .........
Pacific Gas A Elec. . . .
Pacific Oil .
Pan -Am. Pet. -.
Penna. . .
Peoples Gas
Pure Oil
Pierce Oil . .
Pitta. Coal
Pitts. & West. Va
Pressed Steel Car
Pullman .... . .
Ray Cons 1. . .........
Reading
Replogle Steel
Republic K A. S
Royal Dutch Oil-
Railway Steel Spring . .
Shattuck, Aris
Shell T. A T
Sinclair ............
Southern Pacific
Southern Railway
Studebaker
Swift A Co.
Tenn. Cop. & Chem. . . .
Teais Oil
Tex. Pacific, C. AO...
Tobacco Product . . . .
Trans. Cony. Oil .
Union Oil Del.
Cnion Pacific . . . . . . .
U. S. Ind, Alcohol
TJ. S. Rubber
IT. S. Smelting .......
V. S. Steel
Utah Copper .........
Virginia Chem.
Vanadium B.tel ......
Wabash
Wells Fargo . .
Western Pac . .
Western I'mon .... ; .
Westirurhouse E. V M. .
W'ttlys-Overland . ...
Vt'. 4b Lv av. ..,..
High.
57 Ts
1 H
'36 H
48
as H
124
23
52
OH
4 9
57 U
83 H
12
30 H
39
94
go
90 T
119
115 i
67
1 -Low.
54
1 V
35 H
45 H
27
122H
22
49 H
H
47
55 H
H2
1 1
30 H
37 r
92 H I
S I
99 il
1 1 6 H i 1 1 6
114 hk 1114
65 H
9
Bid.
'55H
1
1 H
35 H
45
27
122 H
21 H
4it i
!H
47
55
81 'i
1 1 -a
30 H
37 H
92 hi.
7 7 H
WW H
65 H
'38"
" 82 i
.39HI
1
83 I
., . . .1
72
9 1 'i
3 5
57
13 U
1
14 I 1 3 hi
18HI HS
1 1 6 '4 1 1 1 5 "s
4 1 I 40 H
69
69
88 !
34
54 H
12 H
8 H
1 '-'
29 H
60
78
71
31 H
27
95
11 H
6 i H
1 4
20 i
08
8H
12 H
22 H
28 H I
59 H
77 H
! "ri
30
20
92 H
11
60 hi
13 H
19
4 I 4 H
128 !
14 -.j
67 H
i I
76 i
120 .
14
6 H
46'
57
78
35
5 H
6 ?
95
15
15H
62 H
28 H
4 H
in
20
103
"13
31
' iH
17 H
' i 2 ' '
.' 6 i " "
"ii H
21
'si"
81 H
72 H
18H
36
76 H
41
35
35
11
30
86
UO
1 4
85
67 H
68
44 H
24
97
23
55 '4
"'
44
36
55 H
10
,23
119
68 H
70
'82
67 H
37
any,
8
71
27
45H
8
9
l 2
29
7 6
H
56 H
7 4 hi
35
4
8
94
14
15
59
23
4
19
20
53 H
32
if.i" '
" ii
31
' i
16 ,
11
' 66 hi
ii'
20
'81'
81 H
71
18
86 H
74 H
41
35
35
11
'29
4
106 H
13 H
83 H.
64
63
43
23 H
96 H
22
52
' '8H
43
33
54
10
23
110
7
68
"81
65
36
37
8
70
27
'44
7
9
38
tn
82
84
69
88
34
54
12
5
13
17
115
40
68
8
1 2
22
2S.H
59
28
29
77
69
31
26
92
Jl
1
60
13
19
8
4H
61
125
14
63
41)
23
2!t
76
21
56 H
74
80 hi
35
4
94"
14
15
59.
23
4
19
20
53
52
98
157
18
12
31
2H
18
16
70
1 1
105
60
74
11
20
09
81
80
71
3
18
14
18
47
36 H
74 H
41
35
35
11
59
29
84
106H
13.
83
35
64
65
84
6
42
23 H
6
23
53
101
8
43
34
54
10
23
119
67
68
34
81
65
36
3T
8
70
26
6T
44
. 7
President Alexander of National j Bank
of Commerce says year 1921 offers prom
ise of a slow revival of business Ion a
sound basis and that there is wow aj
better foundation for true prosperity!
than has existed at any tim) since the
outbreak " of the Kuropean war. j
President Grace of Bethlehem , Steel
denies that improper payments have beert
maderby shipping board to ! Bethlehem;
shipbuilding interests. ; j
Security
Am. Cotton Oil 6s.. .
Am. T. AT. 6c. . . .
Am. T. AT. 6s.. . . .
Am. Thread 6s
Am. Tob. 7s
Am. Tob. 7s
Am. Tob. 7s
Am Tob. 7s
Aifilo Am. Oil 7 Hs.
Armour Conv. 7s ...
Belgian ( iov. 7 s. . .
Belgian Gov. As,....
Belgian Gov 6s. . . . .
Bethlehem Steel 7s..
Bethlehem Steel 7s..
British Gov. 6 Hs. 1 .
British Gov. 5 Hs. . .
Canadian ov. 5 Hs.
Canadian Gov. 6s.
Cndahy Packing 7. .
Inter. R. T. 7a ... .
Japanese Gov. 4 H
Kennecott Cop. 7a.
Ligg. Meyers Tob.
Moline Plow 7s. .
Moline Plow 7s. .
Moline Plow 7s. .
Moline Plow 7s. .
Nor. Pac' E'p. "7s
Pacific Gss 7a...
Swift 6s ........
U. 8. Rubber 7s..
7
6
1
1
7
7
1 1-11-
8
1-20
l-2t
1-22
1-23
1-25
15-30
1-43
1-21
1-25
IS 22
15-23
1-21
1-22
1-21
8- 1-29
7-16-23
9- 1-21
7-10-23
1-30
1 -2 1
1-21
9- 1-22
9- 1-23
9- 1-24
5-15-22
7- 1-25
8- 15-21
12- 1-23
Os.12-
Bid.
88
90
93
02
99,
1O0
100
1 00
1 00
97
l8 .
02
91
97
08.
97
96
99
92
96
69
76
91
99
- 93
94
93
99
99
95
99
95
Asked.
91
97
95
93
100
10O
100
100
100
98
98
0i
92
98
97
98
95
99
93
98
71
77
93
9
99
97
99
98
Money and Exchange
New Tork. Jan. 21. (I. N. S.) Call money
on the floor of the New York Stock Exchange
today ruled at 7 ier cent: high, 7 -per cent;
low, 7 ler cent. -Time money was steady. Rates
were 6 (pi lshi per cent. The market for prime
meroanule laper was stead. Call money 1n
London today was 5 per cent.' Sterling exchange
was steady with business in bankers' bills at
$4.77 for demand.
i
Chairman A. B. Hepburn of Chase
National, bank says this is inopportune
time for general revision upward of
tariff and that such change at this time
would be inexcusable blunder. I i
FOREIGN EXCHASGE RATES
Corrected daily by th foreign exchange de
partment of the United States National; bank.:
Quotations below, except the pound sterling,
are quoted on the basis of 100 unit foreign
...rrenev
Opening nominal rates on bank transactions:
Draft Cable
London Checks. Transfer.
Lbs. sterling. a. 7 TV a. in
.; H u.r8
1.63 1.03
3.53 3.33
Paris Francs.
Berlin Marks .
Genoa Lire .
Athens
Drachmas .
Copenhagen
Kroner ...
Christiani
K roner . . ".
Stockholm
Kroner . . .
Hongkong
Currency Japan Yen .
Shanghai
Taels
19.80
19.75
21.60
r.n.oo
48.50
7.65
19.85
19.80
21.65
. 56.50
49.00
jFar
Value,
$ 14.869
19.30
23.81
19.30
I
9.30
36.70
qe.70
30.70
Standard Oil
Storks
-Cloaing-
.,... .
Scrysmer
pfd.
pfd.
Anglo
Berne
Buckeye
Cheesebrough
do pfd. . .
OonWhental .
Crescent . . .
Cumberland
Eureka
Galena com. .
Galena Old.
Galena New,
Illinois lie . . .
Indiana Ii;ie ' . .
National Transit
N. Y. Transit . .
N'crilietn Pipe . .
Ohio Oil
International Pete.
Pcnn. Mex.
Prairie Oil ....
Prairie Pips
Solar Refg. . . :
Southern Pipe . .
South Penn. Oil
8. W. Penn. Oil .
S. O. California .
S. O. Indiana .
S. O. Kansas . .
S. O. Kentucky .
8. O. N. Y
8. O. Ohio ....
do pfd
Swan A Finch . .
Union Tank . . .
do pfd.
Vacuum
Washington ...
S. O. Nebraska .
Bid.
..19
..390
.. 84
..172
..108 I
..114 '
. . 30 ;
. . 120
. . 98
. . 48
. . 93
. . 94
..175
. . 87
. . 27
..160
. . 96
..284"
, .. 1
. .. 38
. .475
. . 193
. .375
. ..118
. .245
, . 70
, . .310
, .. 72
. .375
. .413
. .350
. .395
. . in
. . 35
. . 11
. .102
. .303
. . 30
. .390
A'k.
20
1 10
f 86
190
r18
! 94
130
lot
f 50
f 98
I 09
- J8
I 90
I 29
165
6 1st
i 17
I 40
4 83
. 197
B85
118
L'50
! 74 .
315 f 73
600
430
$55
405
113
f 50
! 17
105
310
135
fit
DETROIT
MICHIGAN
6 Per Cent Bonds
Due 1927
TO NET
75
Free From Federal
Income Tax
Gold Production in
U. S. Falls Slightly
During Last Year
Gold production In the United States
during 1919 was less by "$10,157.90 than
the 1918 output, according to the state
ment issued rt'eentry l,y the bureau of
the mint. In 1919 thprp were 2,829,39f"
fine ouncea of gold, valued at $58,488,300,
produced in the country.
California led in gold' production with
$40,768 ounces, Colorado was'Tixt with
470,908 ounces and Alaska third with
437,131.
Silver production 11 1919 amounted t
55.285,196 ounces, valued ut $til.96K,412.
representing a reduction of 12.524.943
ounces compared with the 191S output.
Montana led with 14,940,027 ounces. Utah
second, with 11,906,152, and Nevada third,
with 7.312,454.
Kelso Barrw ILrclPtts
Kelso, Wash., Jan. 21. AH o.f fleers of
the Kelso State bank were reelected for .
the ennuing yeaf at the annual Block
holders' meeting. They are: President.
F. "M. Carothers ; vice president, Oeorge
L. Marsh ; .cashier, F. L. Stewart ; as
sistant cashier, George F. I'hfmondon ;
directors. F. M. Carothers, Fat : Baxter.
James Wallace, F, L, Stewart" a'ml
George L. Marsh. The last year ha-i
been a very prosperous one for the bank.
.Sew Tork Bond
( Furnished by Overbeck &.
Market
Cooke jrompan?)
'
Mid. Ask. '
! Atchison general 4s . 78 79
Baltimore A Ohio gold 4s. .... 69 69
Beth. Steel ref. 5s ..... ... . . 84 86
Central Pacific st 4s ' ...... 74 74
C. B. A J. col. 4s. .-. ....... 97 - 98
St Paul genl. 4 Hs ........ . 78 . 79
Chicago N. W. genl. 4s ....... 77 78 S
L. A N. unl. 4s . . ..!. ....... . 83 84
New York Ry. 5 ........ 18 20
Northern Pacific P. L. ..,. 78 78
Reading gent. 4a .......... 81 83
Union Pacific 1st 4s ....... 84 84
V: S.. Steel 6s 05' 95
Union Pacific 1st ref. ft.... 84 84
Southern lacific conv. 6s . . . . 90 ,91
Southern Pacific conv.' 4s ... 78 78
Pennsylvania conv. 4a . . 88 H - 89 H
Pennsylvania 1st 4a 81 82
Chesapeake A Ohio conv. 5s.. 84 86
Oregon Short Line 4s 80 - 61
Liberty.
Liberty.
Liberty.
Liberty.
Liberty,
Liberty,
Liberty.
Victory,
Vrfrv,
Low.
8210
V Liberty Bond Sales
(Reported by Overbeck A Cooke Co.)
High.
3 ... . . . . . 9236
1st 4s. . . . . . . .
2d 4 ........ . . .
1st 4 a . . ... . 8H.1fl
2d. 4 s 8820
3d 4 s . ..... 91 10
4th 4 S ...... 8860
4 s ......... 9726
8 0722
8
8788
9090 8822
97 18
1718
Closv.
92 I 4
878'i
8780
880 i
879t
oon
8820
9720
971 8
II II
Port of
(Including Clatsop county)
6 Bonds
Dated . Due
July l, 1920 ' July.-l, 1930
Denotn. $1000; .
Price) 98.23. Yielding '
'6.25
(Income Tak Exempt)
R L Devereaux Scjto Ralph Schneeloch Co
law "W , aa at ,'il'lil I! t
INVESTMENT BONOS
87 SIXTH SJflCET - WCLLB fasoo Bloo.
ROADWAY 101
PORTLAND, OREGON
1
BlavnBiavnBSavx-4l II
. MUNICIPAl AND CORPORATION fTHANCE j
Foreign Exchange Market y
New Yotk. Jan. 21. U. P.) Foreign ex
cltange opened firm. Sterling, was at $3.76
francs. .0661; lire. .0356; marks. .0163; Ca
nadian dollars, .8775; kronen, .1930. '
The market closed firm. Sterling waa $3.77 :
francs. .0678; lire. .0037; marks. .0165; I
Canadian dollars. .88; kronen, .1943. j I
We sell bonds of principal foreign
governments and municipalities j at
current rates and offer attractive j in
stallment terms on certain issues.
Call, write or wire for quotations.
dates or maturity, etc
H. E. WILLS COMPANY
Foreign
Government and
Bonds.
Municipal
Phone Broadway 1$11."
800-8 Henry Bldg. Portland,
Or.
HERRIN & RHODES, INC.!
(Established 1896)
SEATTLE PORTLAHD TACOMA
" Fact Private Du Ptg wire
COAST JO COAST.
Stock, Bonds, drain, Oatloo, Ferelgii Eg.
cnanee
ALL MARKETABLE SECURITIES
Member Chicago Board of Trade.
Correspondent E. F. Huttoo 4k Co.
Member:
New Vark Stock Ixchno Mew York Cotton
Ex Jiang Mew Ortan Cotton Exchano.
:. LIBERTY AND VICTORY BONDSj
Hedauarter tor Buying and SeUlna j AH
issues. Lar? or Small lota. I
Railway Exchang Bio. Main 283 '
The Portland Vegetable Oil Hills Co,
by its directors offers an additional $100,000.00 of its capital stock
of one million dollars, to the investine public. $500,000.00 was
subscribed prior to Incorporation, f 200,000.00 was the. amount or
a previous public offering.
The stock, ii offered direct from the company to the sub&riber
at a promotion cost not to exceed 5 of the capitalization. . :
. PROSPECTIVE PROFITS .
Based upon the actual results of the Palmoiive Company's Port
land plant in pressing copri in the year 1919, it can be estimated
that the proposed mill of the PorlJand Vegetable Oil Mills Company,
having a capacity of 100 tons of copra per day, and operating 25
days per month for to months per year, making a total of 25,000
tons of copra pressed, will earn a net profit of f 420,595. 00, which
is nearly 100 of the estimated cost of the plant of 42 of the
company's authorized Capital Stock of $1,000,000.00, .
From the foregoing itTcan be reasonably expected that substan
tial dividends will be paid upon the stock now offered
Dividends can only be paid from profits earned. -Profits" can
only be earned .as the result of successful and experienced manage
ment. - . .
The management of the Portland Vegetable Oil Mills Company
is composed of successful and experienced -men.
We invite subscriptions to this offering. tO with subscription
and 15 per month for six months during plant construction, on
call of the directors. . - ' Z
Full information upon request. .'
Portland Vegetable Oil Mills Co.
DIRECTORS:
C A. Painton C. A. Kd wards
B. C. Ball M. S. Hirsch
S. L. Kddy H- H. Ward
F. W. W atson
80-887 WILCOX BlILDISO . .
PORTLAND, OREGON ' '
Phone Marshall 88
H. H. WARD. T)lrerter In Charge of
, Plnaaclng , ;.
We offer the remaining bonds of
KIMBERLY, IDAHO)
TO YIELD
7.5'
; KEELER BROTHERS
Portland Investment Securities Denver
UNITED STATES NATIONAL BANK BUILDING
. Broadway 5800
f
, i