f -
10
THE OREGON DAILY I JOURNAL, PORTLAND. OREGON
SATURDAY, JANUARY 22. 1921.
CONTINENTAL EUROPE- WHEAT PURCHASES LIBERAL
STOCK MARKET SHOWS A, SOFT TONE AT OPENING
EGG PRICES ARE
BREAKING BADLY
HOflT FGGS Rl'LED
Top Port. M.F. N.r.
Monday tie
Tneaday ...
Wednesday
Thsrsday
Friday ... .
Katsrday ..
.itc
.itc
..He
tiHe 82e
Ve 84e
4c K2e
itc : 7e
Sr 7e.
... 72c
Chi.
3e
je
iff
c
sic
market .
Market for eggs here is decidedly weak.
While one of the local f. ov b. buyers
still bad a bid out that was good for
Saturday at 53c a. dozen for current re-ce-.lpts,
1 4Sc was the extreme price that
waa bid by the tame house for Monday
delivery.;
Home of the t. . b. buyers are already of
fering not more than 47c 4 So a dnxen but the
high bidder usually get-the bulk of the sup
pltes. Great increase In production of eggs all over
the country with consequent sharply shaded
prices at practically all leading centers, are fea
ture which affect the Portland trade.
. Weather condition hers are klt-al for esc
production and the surplus continues to grow.
Selling price along the street have dropped
alone with the buying price and extras are now
being quoted down to 53c a doiicn by some of
the blf handlers.
BASK.ET
RETAIL, PTUCXJ".
r
Those desiring arterial information regarding
any market ehould write the Market Editor,
Oregon J oumal, inclosing stamp for reply.
rAR pricf.s are again off
,A further reduction of 10c per hundred
pounds is announced In all grade of refined
sugar fur the day,- making a total drop of
4 5c for two days. Tho now basis of granu
lated is $8.53.
1ITTTKR TRADE SHOWS NO CHAXOE
Stationary market M shown for butter
during the day with no change in price.
While print are moving better at Or lower
prlco' the demand for cube continues tlow.
VF.AL MAKKET IS TKRT STRONG
Market for country killed" calves ia very
strong i)ong the street- ' While average sales
ff tojia are shown at I 8c -a pound, sfime
lm-incs is confirmed at lHVic: and rniorts
indicate a fractional Tolume ever a fraction
higher.
PRESSED IKKiS ilST A BO FT NAME
. While im price change are shown for coun
try killed hogs along the streel. for the clos
ing day of the week, the bigger retailers are
tinwillm tn tmv ' the extreme price, although
U is r.rill obtainable ; from the t mailer ones
for limited stock. . .
FOTATOF.H ARE BEINU CONSIGNED
Quite liberal consignment of potatoes to
IupmI vhAlsitArv are reviorrjsd from nearbv
points. Practically all of this atork consists
of ordinary to poor quality. Iknxl demand is
shown fi-r Nc I stock, but only a very uiali
volume ia giailable.
BRIEF NOTES OF PRODI CK TRADE
fowlita nnrlt now 4c pound cr $2 box; big
run.
Slight .increase fresh Chinook salmon supply
at '30c pouRd.
Cr)is' rath-r scarce again ; prices unchanged.
f'hickeu trade continues steady at printed
I'rtces. " ' ,
Greater supply of apples than expected; trade
just fair.
WHOLESALE PRICES IX PORTLAND
These are prices retailers pay wholesalers, ex
cept a otherwise nuted: '
Dairy Products
BUTTKIt Selling pnee, box lots: Cream
er ,t m turchmrnt wrauoed. 45c oer lb.
Jobbing prices: Cubes, extras, 40c per lb.;
dairy, buying price, 20e perb.
KUTTKUl'AT Portland delivery baais. No. 1
grade, 43c; No. 2. 41c; country stations, 37s
3 We per lb.
CRLESti Selling price: Tillamook, fresh
Oregon fancy triplets, 33o per lb.; Young Amer
icas, 34a; lb. ' Trees to Jobbers, f. a. b. Tilla
mook: Triplets, 30c; Young Americas, 31c.
Selling price: Block Swiss, 3s(40c; iimburger.
36 ( 38c lb. ; crani brii k, 38 Iff 38c lb.
EGGS buying price? Current receipts,
47 0 48c dozen; condled.' selling price, 31c
-dtiaen ; select, 5 He doxen.
LIVE OC'LTKIr w'f.ng price: Heary bens,
31a3'.'c lb.: light ben. 8 s 27c lb.; springs,
light, 8-e per lb.; bcay, -8 W 30c per lb.; old
rooster.. l.rc per lb.; turkeys, lire, 4 5e per lb.;
dressed. 53 60c per lb.: ducks, S3 0 42c lb.
Fresh Vegetables and Fruit
mH6H Kill; IV Oranges, $4.000 5.00 box;
banaoaa, 12 H K 13 He lb.: lemons. $4.00
4.75 a crate; grapefruit, Florida. $0.50 8.30;
CaUfornia. $4.00; pears. $1.60 2.50.
ATPLES $1.508.23.
l)KIEl) FBU1TB Uates, Dromedaries, $7.00;
Tarda, $4.00 per box; figs. $3.73 4.00.
ONIONS Selling price to retailers: Local,
$1.23(9 1.30; garlic, ldc; green onions, 40c
dozen buiK'hes.
' fOTATOKS 8elliug pricei Oregon fancy.
$1 I SO; sweeto. U Va m 7c per 'b.
REKK1E.S Cranberries, local. $0,00 0 (3.25
per box; eastern. $1U.00 bbL
VICGETABLKS Turnips, $1.60 per sack;
carrots. $1.50; beets, $1.50: lettuce. $3,50 0
8.75 per crate; ,cgg plant, 13 0 20c; broccoli,
$1.73; -bell peppers. 20 0 25c lb.; celery. $1.25
par dozen; Uubbard squash, 2 0 2 He lb.
Meet and Provisions
COUNTRY klEATS SelUng price: Country
hogi, 15 V, 1 6c per lb. for top blockers, about
125 to 150 lbs.; heavy atuft lower; Teal, top,
SsO to 1lO lh.. IH(tVic; beery stuff loss.
SMOKED MEATS Ham. 29 0 33c per lb.;
By Hymn a H. Coheir
Action of the master . bakers in order
ing a reduction of lc a1 loaf in the price
of bread here, effective Monday morning,
created no tsurprlse whatever, as the for
mer prices listed -were generally higher
than what the bulk of the bread has
been selling in Portland for 'some weeks
past.
Small pound loaves have been gener
ally selling at 10c each and 1 pound
loaves at 15c in the downtown markets
for some weeks, while for unwrapped
loaves sales have for sofce lime been
made at competing centers as low as
14 cents for two one pound loaves, al
though this low price was an exception
instead of the rule.
There was a further drop of 10c pr
hundred pounds in the price of sugar
Saturday and consumers who purchase
by the sack should demand the lower
price. ' ,
r'gg prices" continue to drop owing to
the bad break in values in the east. In
the downtown markets best stock is sell
ing down to 57c a dozen, although 60c is
the general price in the suburban mar
kets. -
Maximum prices on the Portland public mar
ket: Cabbage. 2c pound; cauliflower, 20c head;
carrots, 2c pound; celery, 13e head; celery hearts,
15c; onions, 2c pound; parsnips, 2c pound;
squash, 2c pound; turnips, 3c pound; potatoes,
1 "4c pound? dry beans, 7e pound: prunes, 12 He
pound; comb honey, 40c pound; bulk honey,
quart l0c. pint 47c; ducks, 50c pound; geese.
4 5e pound; cottage cheese. 20c pound: hens.
40 0 4 2c pound; fryers, 40c pound; eggs, 67c
dozen; butter, 5c pound; milk, 13c quart.
' The following pricei ruled generally in retail
shops for good quality. Some values are frac
tionally higher, inferior stuff fractionally lower:
Butter Kresh creamery, BOe.
Kggs Fresh laid, extra, 57 0 60c per dofcen;
extra pullets, 55c.
Poultry Chickens, dressed, 50c lb.
FishSalmon. 30 50c lb. H halibut, 35c lb. ;
Columbia river smelt, 4 lbs, for 25c
Flour Best local patent, $2.85 3.00 per
sack. 4 9 lbsi
Potatoes B urban s 2c lb.
Onions 2c lb.
FALSE REPORTS
DEPRESSION AID
8ATVRDAY WHEAT .MARKET
Bid. Rise.
Hard While $1.62 6e
Soft White) 1.66 5c
White Club 1.6 Se
Hard Winter 11 10c
Northern Spring 1.SH He
Red Walla ...
NOIITIIWKST OUA1X RECKIPTS
Reported by Portland Merchants Kxclianke:
, Cars '
Wheat. Barley. Flour. Oats. Hay.
Portland. Sat ... 1 3 4 1 8 . . . 5
Year ago .... 2 ... 21 ... 12
Total this week.. 431 2 23 3 o4
Year ago.... 204 Mi 107 2 51
Season to date. .9920 177 30 300 137S
Year ago.... 5583 156 2539 35 1128
Tacoma, Friday .. 7 ... 1
Year ago .... 24 ... 8 1 ...
Season to date.. 3174 47 612 82 07
Year ago.... 4457 ti 1730 136 OOtt
Seattle. Friday . . . 22 . . ...
Year ago ..'..- 3 '8 5
Season to date.. 3307 177 228 298 1047
Year ago.... 4214 212 480 510 924
out
the
the
Ch icago Dairy Prod nee
C hicago. Jan. 22. (I. V. S ) Butter Re
ceipts, 5594 tubs. Extra firsts, 45c; firsts. 8S
43c; pscking stock. 18c.'
Eggs lleeeipta. 7644 cases. Miscellaneous,
S 57c: ordinary firsts. 54e56c; firsts. 57 V
57 He check,, 4852c; dirties. 50 w 55c.
Cheese Twins, new, 24 0 24 Vic; daisies.;
3 Iff .. ii , i vuk. in. , v i -
boms, 2 7 dm 1 7 Vie; brick, 20c.
Live 'I'kultrj Turkeys, 43c; chickens. 2Sc;
springs, 26c; roosters. 20c; geese, 26c; ducks.
32c. . .
DAIRY PRODICTS OF THE COAST
Seattle Market
Seattle. Jan. 2 J ( V. 1'.) Eggs: Fresh
ranrh. 53c; pullets. 44(45c.
Butter City creamery, bricks, 45c; cubes,
44c.
Los Anoelea Market
I-os Angele, Jan. 22. (I. X. S.) Butter,
48c per lb.
Ecsiv Extras, 31c; case count, 50c; pallets,
50c per dozen.
Poultry Hcn. 35 36c; broilers. 36 0 410.
fryers. 4 0c Per lb.
WE WANT YOUR
Veal, Hogs, Poultry
sous, usissru masT, ninss, ussvsna
BARK, MOHAIR, WOOL, ETO.
WRITE US FOR PRICES
GULLICKSON & CO.
Established 1912. 109 Front St.. Portland, Or.
Ship us or writs for prices on Eggs,
Veal, Hogs, Potatoes, etc. Let us
quote you prices for groceries- Call
or send us a list of what you want.
We can save you money. .
ORIEN VAN SCHOONHOYEN
193-19S 2nd. Cor.' Taylor. Portland
MARK SHIPMENTS
TO
POTATOES ALONG THE COAST
Seattle Market
Seattle. Jan. 22. (C. P.) Potatoes. $25
40.
San Fronoiaco Market
San Francisco, .lati 22 ( V. V.1 Pota
toes -River white. 1 .60 (a 1 .75 ; Salinas. $3.50;
vrcrt-j. 5.00a 5.25 per rental.
Onions Australian brown. 1090c.
Los Anetes Market
l.o-i Angeles, .Ian. 22. ll X. B. ) Pota
toes Storktcn Burbanks, S2.00 (t 2.25 ; Idaho
RusseU. nio-tly $2.00(9 2.25; local, mohtly 83
(& OOo per lug.
Dried Fruit and Bean
New York.. Jan. 22. (I. N. 8.) Bean mar
ket ateady. Marrow, choice. $8.50 9. OO; pea.
choice, $4.00 0 5.00 ; red kidney, choice, $!).?
0 0.50.
Dried Froit Market Fair demand. Apricot,
extra choice to fancy, 2(3tic; apple, evaimr
afed, prime to fancy. 6 10 Vic; prunes, 4s to
60s; ll(17c; do HOs to 100s 0 Vi fe 4 c ;
Ieaches. extra choice to fancy, IS (a 21 He; seed
ed raisins, choice to fancy, 24 & 25c.
Ask Tariff on F.pp;
Centraua, Jan. 2 '2 Ijocal poultrymen have
sent a telegram to Congressman Albert Johnson
asking that ho cooperate with other senators in
urging a protective tariff of 12 cents per
dozen on imported eggs, 20 cents on frozen
eggs. 50 cents per pound on powdered eggs
and 1 3 cent ier pound on dreeed poultry.
Developments here indicate that the
bulk of the recent sales of wheat in Port
land and other coast terminals has been
made for the account of Germany but
France and Italy have been very liberal
buyers of cargoes. It appears that every
time the market breaks Kuropean busi
ness increases, although the British com
mission is still inclined to sit tight on
the price lid.
Indicating the methods that are employed to
artificially lower the price of wheat in this coun
try is the statement that exporters and shippers
were anxious resellers of wheat and this was
glutting the market. It lias been only a day
or so . that the same interests who sent
this soo&lled information were saying that
buaine&s of exporters was J u. t as liberal as
supplies they could secure. ,
Then again the misinformation was sent
broadcast that the Argentine export duty on
wheat had been removed. Ail of this places the
seller at a disadvantage.
During the Saturday morning trade there waa
a very erratic tone in wheat options, price changes
being rapid.
Small trading has been resumed in oats but
there U little activity noted in barley.
FIOUR Selling pnee, ailll door: Patent,
$10.20; Montana spring wheat, $9.60; Wil
lamette valley brands. $8.55; local straight,
$8.30; bakers' local. $9.00; graham, $8.40;
whole wheat. $8.60. Price for cit deliveries
15c extra; suburban, 20c extra.
HAY Buying price, nominal. Willamette
timothy, fancy, $29.00 0 30.00 per ton; clover,
$22.00: cheat, $23.00; straw. $13.00 014.00;
grain. $25.00; alfalfa. $22.00 0 23.00 per ton.
(iUAlX SACKS Nominal. No. 1 Calcutta.
10c; domestic, llo in car lota; lea amounts
higher. '
MILI.8TFFFS MiU run at mill, sacked, ton
lots, $36.00; carloads. $35.00.
OATS Per ton, buying price: Feed. $35.00
0 3H.OO.
BARLEY Buying price: Feed. $33.00; mill
ing, 34. OU vs 34.50.
SEED Buying price, nominal; no demand.
Bed clover, recleaned. ( ) per lb.; alsike,
( ) ; vetch, ( ).
FEEDSTLFFS F. O. B. mills: Rolled bar
ley, $43.00 is, 45.00; whole barley, $41.00;
alfalfa meal, $30.00 ; coconut meal, $30.00;
cracked com, $43.00; whole com, $42.00 ton;
scratch feed, $59. OO ; soy bean meal, $52.00;
linseed meal. $62.00; whole oaU, $42.00;
rolled oats, $44.00 per ton.
KULJ-Ji-lJ UA1B BcUing pnee. siu.uu dol
HOG PRICES NOT
ATTRACTIVE HERE
SATURDAY HOO MARKET
Tone. Top.
Portland, nominal' fll.aS
Chicago, 15SSc higher 9. Si
Omaha, SSc higher..
Denver, steady
Kansas City, lower
Saturday . . ,
Week ago . .
2 weeks ago .
4 weeks ago .
Y'ear ago
2 years ago
3 years ago .
4 years ago .
PORTLAND LIVESTOCK RUN
Hogs. Cattle. Calves. Sheep.: Cars.
9.4i
.50
t.10
743
806
Xone -
82
271
304
81
84
Holiday
Xone
6
16
62
491
LIVESTOCK PRICES COMPARED
H'gs. Steers. Iambs.
Saturday $11.50 $ 9.25 $10.50
Year ago 16.00 12.00 J 0.00
2 years ago ....17.00 13.50 14.25
Seemingly the country is not willing
to market its hogs on the present price
baais for no arrivals were shown Satur
day at North Portland. No offerings in
any line and all values were on a nom
inal basis. ;
Considering the cost of bringing hogs from
the East, the prevailing price offered at Xorth
Portland appears to have no attraction whatever
for Pacific Northwest shippers. In fact, coast
values apiiear even more depressed than condi
tions warrant.
No carlo! arrivals came to the hog alleys at
North Portland for the Saturday trae and
prices quoted were nominal.
Genera hog market ranee:
1 rime mixed
Smooth heavy
Rough heavy
Fat pigs . . . .
Feeder pigs . .
.$11.00011.50
. 10.50011.00
7.00 0 9.50
. 10.00 011.00
9.00 010.00
Cattle Alto Absent
There was a like absence of offerings in the
cattle division of the Xorth Portland market for
the Saturday trade. eneral conditions appear
steady, with prices nominally listed-
Oeneral cattle rane:
Choice steers . .
tood to choice steers
Fair to good steers
Common to fair steers ........
Choice cows and heifers
Good to choice cows and beifers.
Medium to' good cows and heifers
Fair to medium cows and beifers
Common cows and heifers. .....
fanners
Bulls
Choice dairy calves
Best light calves
Best light calves
Choice feeders
Fair to good feeders.
Medium light calves
9.25
8.50
7.50
6.50
7.50
7.00
.$ 8.500
8.00 0
6.50 0
5.50 0
7.00 0
6.25 0
5.50 0 6.00
6.000 5.50
. 4.00 0 6.00
. 2.500 3.50
. 4.50 0 5.50
. 12.000 13.00
. 10.00011.00
. .10.00 011.00
6.50 0 7.25
5.75 0 6.7S
Multnomah flnnnt.v
w A 1 -fc 1 -si
Drainage District
Bonds Are Offered
SOFT PRICES IN
STOCK MARKET
New York, Jan. 22. (I. N. S.) The
stock market closed strong today. After
the show of weakness during the first
hour, the rhafket turned strong and to
ward the close many issues more than
recovered under early losses. Some
stocks rose above yesterday's closing
prices. Pressed Steel Car was prominent,
and from an opening of 84 rose to a clos
ing of 89. Steel common rose from 8114
to 82 ; Republic Steel 1 point to 64.
Bethlehem B 2 points above the low at
55 and Crucible Steel over 2 points ot
93: Mexican Petroleum rose 2 points
from the low to 157; Reading recovered
nearly 1 point to 83 ; Studebaker ros
from a low of 524 to 55.
tJovernment bonds unchanged ; railway
and other bonds, steady.
Total sales of stocks today were 365,
200 shares ; bonds. $5,727,000.
Total sales of stocks for the week,
3,812,900 shares ; bonds, $64,316,000.
New York. Jan. 22. (U. P.) The stock
market was soft at the opening today
and prices began to sag off almost im
mediately. The principal selling was in
industrials.
United States Steel opened unchanged at
but, dropped to 81 ti. Republic got
down to 64 .shortly after the opening. Crucible
opened .at 9 1 H , down 1. Baldwin sold down
t 88Vi. off H. and a loss of 6 points from
the month's, high. Mexican Petrtoleum, after
opening H off at 156 H. experienced a further
reaction to 1534. Pan-American sold below
74 and Southern Pacific lost at 96 H.
The bear pressiire continued, being directed
particularly against, oils and independent steels.
At its low. Bethlehem B. was off 8 poihta from
the high on its last recovery. The shorts were
directing their attacks against steel shares on the
theory that prices are to Be cut.
After a lively session the Xew York stock
market develoied strength in the last half hour
of trading and closed higher. Studebaker and
United States Rubber were the features,
week's high.
& Coot. Co., Board
Kumi&hed by Uverteca
of U nuia building :
STOCK-
Merchants' Exchange bids:
WHEAT !
January. February. March. ;
Hard1 white : 1(12 162 12
Soft white ..:........ H'.O 160 160
White club 1 tio Kilt 1 j
iiunl winter- J55 155 155
Northern spring l."8 138 158 j
Red Walla 1 ."." J55 135'
FEEU OATS j
No. 2 white 3350 3350 3400 !
No. 2 gray 3200 3200 3200 1
BARLEY !
Brewing 3350 3300 3330 j
Feed 3 200 3000 2900 I
CORN j
No. 3 Eastern (bulk) ... 3050 3100 3100 i
9.00 0 10. OU
Sheep Demand Slow
Even though arrivals recently in the sheep
and lamb alleys at North Portland have been
limited and nothing whatever appears for the
closing day of the weeS, demand is considered
slow and prices listed are on a nominal bais.
General sheep market ranee:
East of mountain lambs
Willamette valley lambs
Cull lam os
, Feeders iambs
! Wethers
j Yearlings
ewes . -
Friday Afternoon Sales
STEERS
. S 9.500 10.50
. 9 00 0 9.50
5.00(9 6.00
6.00 W 7.00
6.50 0 7.00
7.OO0 8.25
1.00 0 4.50
Am.
Am.
A m.
Aru.
Am.
A 111.
A 111.
Am.
Am.
A 111
Aui.
Am.
Aita '
Xo. 3 local (bulk) No bids.
San Francisco Barley Market
San Francisco, Jan. 22. ( 1'. P. I Spot feed,
per cental, $1.42 H 0 147 H ; shipping, $1.60
0195.
Wheat Price Is
Erratic in .the
Chicago Trade
Chicago, Jan. 22. (I. .N. S.) Wheat
opened iteary to lc higher for March and c
lower to lc higher for May. There was not
much selling pressure.
There was good buying of corn after the
opening, but offerings were light. May was un
changed to V c higher at the start and July
H c up.
fiats opened steady, with prices about un
changed and trade very light.
Provisions were firm at the opening, but
there was little activity in the market.
FOR
HIGHEST PRICES
COMPAKI
PORTLAND. OR.
PROMPT PAY
Writ for Price
DAIRY BUTTER
CREAM EGOS
HIDES, PELTS, WOOL
Cateara Bark, Metals, Bobber
Writ for prices and shipping tags.
L. SHANK & CO.
SIS Frost Street, Portland. Oregon
Chicago Potato Market
Chicaeo. Jan. 22 I. X. 8.) Potato's
Receipts, 53 cars. Nor. whites, sack, SI. 10 0 1
1.25; N-or. whites, mux, si. 20(91. 3d.
breakfast bacon. 28 047c.
LARD Kettle rendered. 22 He lb.; tierce
basis, compound, 13 He.
Fish and Shailflah
FREBH FISH Steejhead. 23 0 25e lb. ;
frozen Chinook, 20c; halibut, fresh, ( ) : stur
geon, ( ); black cod. 110 12c; kippered sal
mon, $2.50 per 10 lb. basket; kippered cod,
$2.85; razor clams. ( ); crabs. $2.7503.75
per dozen ; ling cod. 6 0 8c per lb. ; Columbia
smelt, 4 0 5c per lb.
OYSTERS Eastern. per calloa. $5.00;
Olympia. $5.50.
Groceries
sn:.in Rfinerv hs-is Cuho lhl.tO-
i'fruit and berry. $8.53; 1 yellow, $7.95; gran
ulated. $8.55; extra C, $7.35; grlden f. r.l.V
HONEY Per cae, $8.00; bulk. 18e per lb.
RICE Japan style, Xo. 1, 6c; Blue Rom.
9e per lb.; Xew Orleans head, lie.
COFFEE Roasted, 19 0 31c. in sacks or
drums.
SALT Coarse, half ground. lOOs. $17.23
per ton; 50s. $18.75; table dairy. 50s. $27.25;
bales, $3.60 0 4.00; fancy table and dairy.
$34.30; lump nick, $26.50 per ton.
BEAXS Sales by jobbers: Small white,
5 He lb.; large white, 5 He; pink. 7 He per lb.;
limas, 8 He; bayou, 11 He: reds, 7 He; Orcon
beans, buying prices, nominal.
CANNED MILK Carnation, $6.00; Borden,
$6 00; A&tor. $3.90; Eagle, $12.50; Libby.
$5.90;. Mount Vernon, $5.00 per cae.
SODA CRACKERS In butt, 17c per lb.
XI TS WalnuLs. 210 20c per lb.; almonds.
27 0 28c; filberts. 32c in sack lots; peanuts,
14H415c; pecans. 2 lie; Brazils, 35c
Rope, Paints, oils
ROPE Sisal, dark, 14c; white, 16c per lb.;
standard Manila. 20 He
LINSEED OIL Raw. bbls., $1.01 gaL ; ket
tle boiled, bbls., $l.o3; raw. cases. $1.16;
boiled, cases, $1.18 per gallon.
COAL OIL Pearl or water white. In drums
or iron barrels, 17 He gallon; cases, 30c per
gallon.
GASOLIXB Iron barrels, 29c; cases,
41 He
U WHITE LEAD Ton lots. 12 He; 500 lbs..
ki s c per id.
TURPENTINE Tanks, $1.21; cases. $138;
10 ca&e lota, 1 less.
Hoot, Woo. and HldM-
HOPS Nominal, 1920 crop, 25 0 28c.
HIDES Calfskin. 10 012c; kips. 8 0 9c;
green hides, 5 0 6c per lb.
MOHAIR I.ng. 25c: short, 15o. .
TALLOW AND GKEASE No. 1 tallow 6c;
No. 2. 4c.
CASCARA BARK New, 8e lb,
WOOL. Coarse. 10c; medium, 20c: fine.
25e per lb.
Chicago range by United Press:
WHEAT
I lien. High. Low. Clop,
March 165H 1 67 H Hi4 167
May 155 158 Vi 154 158
CORN
May 67 68 H 07 H 6S H
July 68 H 69 OSS 60 s
OATS
May 434 44 S 43S 44
July 43 H 44 i 43 H 44 H
RYE
May 146 14S 145H 147
July 129 ... ... 130
BARLEY
May 654 69 654 68 H
PORK
January .... Nominal 2330
May 2355 2335 2330 2355
LARD
January . . . . Nominal 1310
May 1370 1380 1367 1377
RIBS
January .... Nominal 1S02
May 1272 1272 1265 1272
Cash wheat Xo. 2 red. $1.87; Xo. 2 hard.
$1,720 1.72 H.
ISSUE NO. 4
SAT., JAN. 22, 1921
WE GET TOP PRICES
HO(i MARKET VERY FIRM
...-1617t Heavy
vKAL ttKl SCAKCJE
..... A..17H018V44 Heavy
MUTTON AND LAMBS IN DEMAND
..lS21.4t Mutton 121-4C lieef
POCLTRY WEAKER
..310324 Light Hens.... 25 h 2 74 Springs...
ilLlASt Ul.r.ni. A.lU'iLHM'.lH MARKET
Eggs Firm at i
Wrru for a supply f eur Shlpplne, Taos They moan bettor prtoea for you.
vur welting wivgv if s.t ov r-ouiu-y, weaa. nogs; to uozon on Eggs
Fahcy Block Hogs
Fancy Veal
Fancy Lambs..
Heavy Hens.. . ,
1215
1116
.813
2830t
51(6 52C
RENEWED LIQUIDATION SENDS
COTTON QUOTATIONS LOWER
New Tork, Jan. 22. (I. N. S.) Renewed
liquidation of March contracts was the feature
of tho crvt.ton market at the c-penina today,
and chiefly explained a decline of 2 to 20
points in initial prices. A weak stock market,
rather froe selling by the South and Liver
pool and further local unloading depressed scnti
t.ient and vrhies snffered further losses afur
the stATt, many contracts declining tn $15.60,
or 14 iKiints under the initial level". Maich
contracts sold 22 points under last nights
clo. At the end of the first 2I minutes
the list- was unsettled with only flight rallies
frcm the lowe?t.
Spot cotton was quiet today, 50 points 'ower
at 16.15c. Xo sales.
The market rallied slightly from the low
levels in the la-t half hour on week-end short
covering. The cloe was steady at a net dt
cline oi 2 5 (a 4 3 puintd.
Furnished by Overbeck & Cooke Co., Board
Agr. Cheni. . .
Aia&ka Juneau
A Ui-C nalmc rs
Am. Bert &ugar
Am. .Can Co. .....
Am. Car & Fd. . . .
Am. Cotton oj(
Allied Cucm. ......
Am. Hide k Leather
InU. Corp
1. indeed
Locomotfve ....
Snip. & Com. .
Smelter
bUoi Foundry .
Sugar
Sjumatra
1 el. Tel. . . .
i obiicex) ......
ool .........
Jf.uu; ... 1 ...
MUM
i.td Oil
AtcUiMJll
All. I.ulf A; VS . L . .
.Baldwin Loco
Baltimore dt Ohio . .
liclh. Steel "U" . . .
a. a. 1
Hutte C. it. i . i . .
Butie & &ui
(. audo Oil
I. auadiau Pacific . . .
Cetiiiai Lcihcr ....
iiik bo &. .N. V. . . .
V ait-ao ijt. W
I lllitf Clipper
ClllllO
C. M. & St. 1'
C. il. o . . .
Culo, lu-l & Iron .. .
Colt. Gas Ac Liec. . . .
Corn Prod
Coodcn Oil
C. It. I. 4k p.
Crucible
-U1.-1, it Hudson
! lltme Mines
I Denver . K. G
jl-.llUUi.-tt JlllllloOU
Llie
: itMerul il'.u. it Smelt,
i t,a--.tuu-S Uiiuiiis . . . .
j trtrlieritl Clar ....
! general Electric . . .
j t.enural Motors ....
j General Asjrtialt . . .
I Goodrich
9 ' Granby
AM ERICAS LIVESTOCK PRICES j slnlTn "pld. "
Greeue Caiianea . . .
j Gull States Steel . . .
i liaskiu-s-ijarkL-r ....
1 Houston Oil ......
Illinois Central- ....
JJiighJ
1 56 I
I t
. I 36 Hi
Ix)w. I Bid.
-i 29 I
. 123H
-I-I
56
1 H
36
46 5
26 Hi 28
121 vs il23 Va
54 ' j
.... I
3. Vs j
OO V, j
' 9 s j
47 H I
55 ;
b3 1
4 8 I
9 I
46 ,
55 i
1 1 ii 1 1 1
37 j 37 I 37 H
30,! I 30 H I 30 V
v- 1 l t 1 v- -a
ay ; !u 1
:oh
50
OH
4 U
54 H
82 U
11
Oil s
67 I
1
Xo. Are lbs Prii e. I Xo. Ave. lbs. Price.
1....1273 $ K.75 j 1....1010 $ S.00
7.... 918 7 00 j 13.... 963 7.75
12.... 1030 8.00
COWS
1....1110 $ 6 25 1 7.... 1007 $ 5.0O
1.... 7K 4.110 5.... 7911 "..Ml
1.... 680 3.00 J 23.... 107 1 li.75
5. ...111S 0.00 j 1.... 950 4.50
CALVES
1.... 160 $12 50 I 3.... 126 $12.00
BULLS
1....1650 $ 5.00 J 1....1480 $ 5.00
HOGS
8.... 102 $11.00 I 31.... 166 $11.50
1.... 150 11.00 j 2.... K.) 10.OO
1.... 370 6.25 I 1.... 130 9.50
1.... 460 8.00 I 33.... 222 11.50
2.... 435 9.00 1 1.... 580 9.00
1'.... 620 000 I 14.... 233 11. 60
3.... 332 9.50 j 1.... 300 10.0O
7.'... 274 11.00 ! 2.... 520 7.60
2 7.... 28 2 11.25 j 3.... 4 26 9.0O
1.... 460 9.00 , 4.... 133 11.75
3.... 166 11.50 j 25.... 138 11.50
LAMBS
37.... 69 $ 7.23 i 13.... 113 $ 7.00
i? it ; 1 y; Ti I i'- Ti
j 1 1 3 I 1 1 tj V$t 1JH
8 H I
.... I
.... I
82 ;, i
Oi I
o i H 1
34 Va 1
Federal Reserve
System Prevents
Panics, Is Claim
The advantages of the present Fe'deral
Reserve bank over the old national bank
ing system was explained to the mem
bers of the Portland City club by Fred
erick Greenwood, manager of the Port
land branch of the Federal Reserve
bank, at' the club luncheon held at the
Benson hotel Friday noon. i ,
Greenwood explained how the cash re
serve could be mobilized In any part
of the nation needing it, leaving other
sections free from any drain on their
reserve, and how the federal reserve
system made use of commercial notes
of good standing to create an elastic jcur
rency. He also told how the reserve
system had prevented a financial panic
by It stabilizing influence. ' j 1 j ,
"Th Federal Reserve bank does away
with panics," he said ; "because j the
people know .they can convert tfaeir ' As
sets into cash. People formerly were
unable to get cash." I 1
"We lead the world," he saiirt. and
every effort is being made to perfect the
federal reserve system. We lead and
We shall lead."
SHORT TERM SOTES
Quotations furnished by Clark, Kendall S St
0.. Inc. :
Security Maturity.
Am. Cotton Oil 6s.
T. 4 T. 6s . . .
Am.
Am.
Am.
Am.
Am.
Am.
Am.
9
.10
. 1-.12-.
1 1-.11-.11-.11-
4
1
6
1
1
2-24
1-22
1 24
1-28
1-20
1-21
1-22
1-23
1-25
15-31)
1-45
1-21
1 2 3
T. ec T.6c
Thread 6s .
Tob. 7 s
Tob. 7s...
Tob. 7s. . .
Tob. 7s...
Anglo Am. Oil 7H
Armour I out. 7s ..
Belgian Gov. 7 Ha..
Belgian Gov.. 6s......
BeUrian Gov. 6s.. . .
Bethlehem Steel 7s.
Bethlehem Steel 7a.
British Gov. S Vis.. 11- 1-21
British Gov. 5H..ll- l--'2
Canadian Gov. 6H. 8- 1-21
Canadian Gov. 5Hs.
Cudahy Packing 7s..
Infers R. T. 7s. . . .
Japanese Gov. 4 H s. .
Kennecott Cop. . 2-
Ligg. Meyers 'fob. 6S.12-
Molme Plow 7s. .
Moline Plow 7a .
-Moline Plow 7s. .
Moline Plow 7s. .
Nor. Pac. Equip. s
Pacific lias 7s-
Swift 6s
V. S. Rubber "s. . . . 1
7-1S-2;
7-15-23
8- 1-29
7-15-23
9- 1-21
7-1 0-2.
1-30
1-21
1-21
1-22
1-23
1-24
5-15 22
7- 1 25
8-15 21
2- 1 23
9-
9--
9-
Bid.
87 1
96 Ti
95 i
92 !
99 i
10O
100 '4
100 U
1 Oil H
98
96 H
92 U
91
!K H
96
91)
95 H
99 '
91
96
69 H
76 Vs
94
99 Va
95
94
93
99 H
99 H
95
99
97 Vi
Standard Oil Stocks
I 82 'i
1 J9 -rt I
1 89 1
I 34 1
1 fi.S 1
I 14 Hi 12-HI
I I I
t 13 i 12 Hi
1 1 1
1116 115 I
a
3.'
1)0
V-
.-3 H
3 I V.
0.1
13
5H
12
1 I .1
old t.fj.
new pfd.
Pile . . .
I'ie
.iio 1 1 1 j 1 1 1 -1
. 40 V i 40 H I 40 H
. I 68 H I 67 f, 1 ti7
. w 1
11,
i
2 H i
59 ',4 1
60 -i
. I
H I
2l I
5i 1
..)..,
Oil
8H
livs
22
28
311
28
00 Vi
. . j ouni uui', 1 ou t
i 70 Hi OOi-fcl 70 H
. . . I 30 H I 3o!v I 3o u.
... .2 Hi 20lH 26 H
Kit H I 91! I 93
1- .(. -lloo
. I 11 H
Anglo
liorne Scrysmer
Buckeye
Cheesebrough . .
Cheesebrouch
I'ontinental . . .
Crescent
Gumlierland . .
Eureka
Galena, c. ...
Galena.
Gab na.
Illinois
Indian
Xafl Transit
X. Y. Transit
Northern Ilpe
Inter! Pete
Penn. Mex
Prairie oil
Prairie Piie
Solar Refg
Southern l'ipe . . .
South Penn. Oil .
Penn. Oil ... ,
Calif
Ind
Kansas
Kentucky . . .
X. Y
Ohio
Ohio pfd. . ,
& Finch
Tank .....
Tank pfd. .
60i 0fH
13li 13
I-
.,125
i 4trv,
-1
- i
;124
14
61 H I 63
4tH
. 1 76
Chicago Hogs $9.85
Chicago. Jan. 22 (I. X. S.) Hogs Re
ceipts. 7000; steady, 15 0 25c higher. Bulk,
$9.15 0 0.50: tops. J9.85; heavywe-jht, $9.10
0 9.33; medium weight. $9.20 9.65 ; light
weight. $9.35 0 9.85; light lights. SU.4O0 9.S5;
heavy packing sow.-, unooth, Ss.35 0 8.S5; pack
ing sosvs, rough, $8.15 (a 8.35; pigs, $9,25 0
9.1.0.
Cattle Receipts, 1000.
Sheep Receipts, 2000.
Omaha Hogs $9.45
South Omaha. Jan. 22. (I. N. S. ) Hogs
Receipt! 4200; mostly 20 33c higher; clos
ing easier on common grades. Bulk, $8,90 0
9.35; top, $9.4 5.
Cattle Receipts compared with weeit
ago. beef fcteers 50c 0 $1.25 lower. She stock.
50c 0$1 lower; top steers, $9.75; dinner,
cutters and bulls, 25 0 50c lower; light veals,
steady; top. $10.50; heavy calves, 5c lower;
stackers and feeder.", 25 0 75c lower. Most de
cline on heary feeders; top feeders for week,
S8.50.
Sheep Receipt 200: compared with week
ago, lambs.. 50c lower: sheep and yearlings, 75c
($1 lower; feeding sheep and lambs, 5c
lower.
Denver Hogs $9.50
Denver, Colo., Jan. 22. (U. P.)- Cattle
Receipts. 3O0 ; steady. Steers. $7.00 0 9.00;
cows and heifers. $5.00 0 6.50; stockers and
feeders. $6.0008.00; calves, $8.00 (a 10.25.
Hogs Receipts. 200; steady. Toi. $9.50;
bulk. $8.75 0 9.25.
Sheep Receipts, none. Lambs,
10.OII ; ewes. $3.5005.00; feeders,
9.50.
Kansas City Hogs S9.10
Kansas City, Jan. 22. (I. X. S. ) Cattle
Receipts, 100; slow. Steers, $7.000 10.00;
cows and heifers, $6.50 0 9.50: stockers and
feeders, $7. 00 (a 8.90; calves, $6.00 0 9.00.
Hogs Receipts, 200; lower. Bulk, $8,75 0
9.10: toil. 9.K).
Sheep Receipts, none; uneven. Lajnibs,
j $10,00 0 10.35; ewes. $4.50 0 5.25.
j San Francisco Poultry Market
j San Francisco, Jan. 22.-U. P. ) Broilers,
j 34 5(ic ; large hens, 37 0 38c; best ducks. 30
i 35c per lb.
$8.00 t
$8.75 0
w York Wool and Hides
New York. Jan. 22. (I. X. S. ) Woo'
Unsettled. Domestic fl cece, XX Ohio, 22 (tn 4 5c;
puilel, scoured basis. lS(ariOc; Texas, scoured
basis. 40 0 75c; domestic ter. staple, scoured,
50 0 85c.
Hides Active. Native steers, nominal;
branded steers. 1 1 0 1 1 H c.
Month. Open. High. Ixw. Close.
January 1630 1631) 1591) 1595
February V448 1448 1417 1417 1
March 1445 1453 1423 1443 i
April 1453 1433 1450 1430
May 1473 1475 1440 14M)
June 1460
July 1404 1494 1464 1470
August .... .... 1470
September ... ... 1480
October 1505 1503 1475 1481
November . 1480
December 1496 1500 1495 1473
New York Ponltry Market
Xew Y'ork. .Jan. 22. Ijve poultry Dull ami
weak. Chickens, 26 0 45c; turkeys, 43 0 511c;
ducks, 42 0 48c; fowls, 30037c; roosters, 16o;
geese, 25 0 82c. '
Seaside,
and F. E.
Cannery to Resume
Or.. Jan. 22. H. G.
Myers of Portland were
Huntington
in the city
COOPERATIVE GROWERS HOLDINO
ISO CARLOADS OF APPLES
Salem, Or., Jan. 1 22. Businew transacted
by the Oregon Growers' Cooperative a.ocia
tU,n for the six morths period -nding Decem
ber 31. ajrgreirated more than $1. OOO. 000. ac
cording to Robert Paulna. tales manager of
the a-K-ciation. A total of $338,000 is now
invested in buildings and equipment of the as
sociation. One hundred and sixty carloads nf
apples now held by I the association will bo
Placed on the market! within the next month,
it is stated. ,
that has been idle since 1916. They intend to
can .clams through the spring months and fruit
and vegetables through the balance of the year.
An effort will be made to interest the farmers
of this section to raise the small vegetables
that win keep the cannery running at all times
and make the venture a success.
Xew Tork Potato Market
New York. Jan. 22. 1 1. N. S. ) Potato mar
ket weaker. Nearby white, $2.50 0 4.00; Ber
mudas, $6.00 0 10.50.
She idan-Beckley
Inc.
FRUITS A5D PRODUCE I.
Phone Main 7922 211 Washington St.
Roforonooa: HIBERNIR SAVINGS BANK
opl and Potato O rowers Associations That Ship In Car Loto or Loss Should Use Our Sen loot
Xew York Bitter and Eggs
New York, Jan. 22. (I. X. S.) Butter
Market barely steady. Creamery, extras (salted
and unsalted), .' H 0 54 c; do firsts I salted ana
unsalted), 4 3i52c; do higher than ex.tras (sail
ed and unsalted), 51 H (3.55c; state dairy, tubs,
30 0 50c.
Chees Market firnj. State, whole milk spe
cials. 24H0"-'9c; doj fancy, 23 025H: do
lower grades, 20 0 22 He; Wisconsin, whole milk,
fancy Young Americas, 28 H 0 29 He; state,
skims, special. 1702OQ; do choice. 13017Hc;
do fair to good 12 0 14 He; da lower grades, 10c.
Eggs Market unsettled. Nearby white, fancy,
8(S72e: do brown fancy. 69 0 70c; extra, 68c;
fir.ts. 65 0 66c
Wheat for Export
Chicago. Jan. 22. A total of 1.25O.00O
bushels of wheat taken for export. Buying of
wheat today baed on report of green bug .in
festation in Oklahoma:
Casrara Peel Permits
Olympia. Wash.. Jan. 22.- All persohs desir
ing to peel ca-scara bark on state lands should
make immediate application to Clark V. Savidge,
state land commissioner, as he is making prepa
rations for a state land sale to be held on Tues
day, April 5, at which time timber also will
be sold I
Xew York Sugar and Coffee I
New York, Jan. 22. - U. P.) Sugar
Steady; raw, $5.39; refined, steady; granulated.
$7.75. . I
Coffee Xo. 7 Rio, 6 Vi 6 He; No .4 Ban-
Inspiration
Int. Atr. Corp. c. . . .
intcrbt.ro
Interstate Callahan . .
Int. Harvester
Int. Xierc. Marine . .
lut. .Nickel
int. 1'apcr '. .
iu ineibic oil
Island Oil
K.1 C. Southern
Kennecott
Lacs Steel
Lehigh V alley
Mex. Pet
Miami . . . .
Middle- States Oil ... .
.Ylldvale Steel
M. K. & T
Missouri Pacific
Montgomery-Ward . . .
Xutionul Enamel . . . .
Xataonal Lead
Nevada Uon
New liaveu .
Norfolk & W.,.
Northern Paciiic . . . .
X. Y. Central
Oklahoma prod., ref. .
Ontario A. W
i'acmc Gas t Elec...
Pac. Oil
Pan-Ain. Pet.
Penn.
People's Gas . .
Pere IlaruuetW
Pure Oil .
lierce Oil
Pitt. & West Va. . . .
Pre.ised Steel, Car . . .
Pullman . . .-
I lay Cons. . . .
Reading . .
Replogle Steel
Republic I. A. S. . . . . .
do pfd
Royal Dutch Oil
Railway St.-el Spring .
Shattuck, Ariz
Shell T. & T
Sinclair
Slos Sheffield
Southern Pavific . . . .
Southern ICallway . . .
Swift Jt Co
t. L. & S. F
Tenn. Cop. &. Cbem. .
Texas Oil
Tex. Pacific C. &. O.
56
76
411
i 23 H
75P i 75
I 20 H
f 55B4 56
1
1- -
I 74
5 5
0ti 6
94 H i 93
1 5 s i 15
57
2 3
4
19
19
52
I 59 i
i 24 ) i
I 4-!
i IS H I
i 20
i 53 I
i 52 H i 52
1157- 155
I
I 13'4i
i 31!i
t I
I 19
12
31
' 18
........ r . ,
i 61 V4 I (Jill1-, i HI
1
-i li Hi i
. iioo
I 82 i i
1 7LHI
I 'is Hi
,36
74 l
41
35
i.
:or i
loo
1
i 00'H
I 13 H
1
I 4H
I 61H
125
14 H
74
t9
35
12 H
5H
6 H
93 H
11
15
59
24 H
4 H
19s
19 ;
53 H
5 a
f. 157 H
Hi
hi
I
i
i
. i
a
hi
!!
W.
O.
o.
o.
o.
o.
o.
o.
Swan
Union
Union
Vacuum . .
Washington . . . .
S. O. Nebraska
Bid.
19
390
84
175
108
115
3D
1211
9 8
4 8
93
94
17H
78
27
16D
284
16?
38
475
188
373
112
245
70
3)S
72 '
r.uu
4 15
3 51)
395
104
33
113
K2
313
30
390
Asked.
91
97 'i
96H
93
loo
100 H
100 ,
101$
101 i
'
96 At
92.
9 1 'im
98 H
97 H
U H
96
99 H
92 ;
98.
70
77H
94;
99 H
L . I. .
mo;
97?
90 iH
0i
i'lrlsinff '
Askr.1.
20J,
410;
mi;-
90f
I 12
12l)(
34r
isoi
101
50
95S
t
178f
9H
2!x
165j
88?
17 H
401
85?
193
385
1 I 5
250
74!:
731
6 10
430
355
4 05
102
50
17
KI5
318
35
410
MORGANS TO
LEND BELGIUM
$ 3 0,0 0 0,0 0 0
f By Ur.ttad New
Xew Ybrk. Jan. 22. lAnnounce
ment of j a new $30,000,000 loan
to Belgium through issuance of
that amount in SO year 8 per
cent txincls, through J. I. Morgan
& Co. and the C.uaranty Trust
company, was announced by
Morgan & Co. here Friday night:
"The bonds are to be direct ex
ternal obligations of the kingdom
of Belgium," a statement an'
nouneing the new issue declared.
.They are to be issued under a
loan eoiatratt in which the king
dom of ! Belgium will covenant
- that if la the future it shall issue
by public subscription any loan
liavlng a lien on any .-specific
revenue or asset, these bonds
shall be I secured equally and rat
ably with such loan. t
Stock
Topics
Market
Dun's review eays despite , unsatisfac
tory features which still prevail, busi
ness condiMons are more encouraging.
Kord Motor company, seekirrg loan of
from 50 to 55 million dollars -in Wall
street, j
Negotiations between Argentina and
syndicate jof New Y'ork bankers for
$23,000,000 loan unsuccessful because
government considered bankers' terms
too severe.;
Pressed , Steel Car directors recom
mend 2 peri cent common stock dividend,
increasing i authorized common stock
from ,$12,500,000 of $100 par to $50,000.
000 and exchange of $12,500,000 outstand
ing preferred stock pa:r $100 for equal
amount of ieommon stock. -
J. P. Morgan & Co. and (Guaranty
Trust comipany as syndicate managers
to offer Monday $30,000,000 20 year 8
per cent sinking fund Belgian gold bond3
at par and interest.
Goodyear Tire and Rubber stockhold
ers' meeting adjourned till January 28,
when directors hope to have refinancing
plan completed.
Net operating income of 187 railroads
reporting to Interstate Commerce com
mission "or November . was $54,243,793,
an increase of $32,217,986 over year ago.
PACIFIC COAST BAXK STATEMEXT
Portland Bank
Clearings This V eek.
Monday ...'.$ 6,026,130.87
Tuesday .... 5.504,953.03
Wednesday . . 5.169.909.58
Thursday ... 4.584.447.07
Friday 4.338,975.24
Saturday 4.931.570.34
Tear Aeo. t
$ 6,390,231 5
4. 708. 452. 2
5.200.261.31
5,433,304. lO
4.727,126.59
4. 550. 060. 45
18 H
13
31
2H
18 H
16,
iri
im
1SH 1
I
iv
1 1
20 H
99 H
82
71 H
3
is U
4 7 H
36
74 H
4 1
35
35
73 H
4 1
17HI ll-il 17H
I 35 H 34 35 H
I 11 H I 11 11
I I I 29
Hit 84 88 H
J107 !167106H
l I
I 83 HI 82 H 1
Week
Clearings
Balances
Clearings
Balances
Clearings
Balances
Clearings
Clearings
.$30,556,006.13 $31,078,430.92
Tacoma Banks
Saturday , $
Saturday
Spokane Banks
Saturday ....$
Saturday . . .
Seattle Banks
Saturday $
Saturday 1
San Francisco Banks
Saturday $20
Lot Angolea Banks
Saturday $13
407. 230.00
46.654.90
.356.732.00
459.183.00
-I f:
.6o5.572l.fi0
026,770.1)0
100,000,
.280.316
.00
.do
Xew York Bank Statement
New York. Jan. 22. (I. N S.) Bank
statement: Average Loans, decrease, $15.;-
663, OOO; demand deposits, decrease. $109.
992,000; time deposits, decrease, $11,294,000;
reserves, decrease. $8,564,910. :
Actual Loans, increase, $21,499,000 ; 1 de
mand deposits, decrease, $89,985,000; time de
po'its, decrease, $19,784,000; reserves, increase,
$14,500,030. :
Foreign Exchange Market ; j:
New York, Jan. 22. ( U. P.) Foreign ex
change opened today with sterling $3.77; franc,,
.0694-; lire, .0361; marks, .0167; Canadian
dollars. .8800. i
Sterling was Quoted at $3.76 : at the close;
francs. .41095; lire. .0361; marks, .0168; C-
uauiaiisaonars, .osuu. v
jt
, Liberty Bond Sales
(Reported by Overbeck &. Cooke
Co.)
.'I
' 64 i ' eifH i
I I
65 H I 64 H I
I ..... j
j i
23H '23Ul
97 i
22
2i w ;
43 H I
34 H
13 H
83
32 ?i
64 H
93 H
65 H
83
6
43
23 H
52 .
9 H
22 H
. . . . 1 1 04 H
21 Hi 21 H
, 8H
42 Hi 43
33 H I 34
Liberty,
Liberty,
Liberty,
Liberty,
Liberty,
Liberty,
Liberty,
I Victory,
Victory,
90 H
22 H
3H -
1st 4s. ... .
2d 4 s
1 st 4 U s .
2d 4 "ii.
3d 4.1
4th 4 'is. .
44a .
3s
High. Low. Close.
9224 9218 92 to
8820 8786 8780
8780
88 10
8800 8780 8790
9110 90!K 9092
8831) 8816 882.4
9726 9718 9722
9726 9716 9732
Eidgefield State
Bank Reelects and
Increases Capital
! . : i ' . i:
Ridgefield. Wash., Jan. 22. (Special)
The Ridgefield State bank held Its
annual stockholders' meeting January
11 and elected the following officers to
succeed themselves for the ensuing year:
Charles 11. Greely, president ; Herman J.
Potter, vice-president ; P. H. Bell,
cashier : Clinton N. Rice, assistant cash
ier, and Ordln Hilm. secretary. The
directors' elected were: Charles H.
Greely, Herman J. Potter, P. H. Bell
and John W. Blackburn. )
The. capital stock was increased from
$10,000 to $25,000, the price of the new
stock being sold at $150 a' share, which
was in demand both locally and outside
of Ridgefield. There were 150 new 'shares
of new stock, the majority being sold to
people here, 'and some to, prominent
business men of Vancouver, Portland,
Salem and. La Center.
The Multnomah county Oregon drain
age district No. l. 514 per cent coupon
bonds are a security that is being fea-
turea by the bond dopartmpnt of Ladd &
Tilton bank. '
The bonds are a direct -obligation, of
a district containing over 8000 acres of
Columbia river bottom lnd adjoining
the citv of Portland fii,i.:..4 T.a...Mv.A
1, 1919, due serially in denominations of
juu ana iooo, the bonds are selling at
prices to yield 6 per cent.
The purpose of the issue is to-provide)
funds to construct a -system of dykes
and drainage ditches that will protect
the land against the seasonable over
flow of the river. It is estima.td that
the average) cost per acre' for the im-.
provement work will not be fi excess
of $47.50, this, against an average valun
of about $175 "per acre. The bonds ars
exempt from all federal incoma taxes.
Automotive Trades; ;
Association Formed
For Mutual Benefit
Thef purpose . of th Portland Auto
motive Trades association, which lias
Just filed its articles of incorporation
with the Multnomah county clerk, l.i
"to foster a more friendly feeling
among the owners ' of enterprises en
gaged in furnishing automotive service.,
and to promote their social, moral and
intellectual development," as well as
to safeguard their business interest t.
C. IJ. Weaver is tbe president; Axel
Kildahl, first vice president; Kilward
Burk'e second vice president;. I.. Ifc
Blumenthal, third, vice president t 7R.
H. Cross, secretary ; Don Uates, treas
urer j A. K. Kosst. Kred Dundee, C V.
Conant and It. U. O'Brien', directors.
The Barnes-Li ndsley : Manufacturing
company filed supplementary articles
increasing its capital slock from $25,
000 xto $125,000.
FOREIO.V EXCHAXOE RATES
Corrected daily by the foreign exchange de
partment of the United States National bank.
Quotations below, except the pound sterling,
are quoted on the basis of 100 unita foreign
currency.
Opening nominal rates on hank transactions:
.' Draft liable Par
London Checks. 'Transfers. Talus.
Lbs. sterling.$ 3.77 -1 $ 3.77 t $ 4.8U4
Paris Francs. . 6.94 6.95 19 an
1.67 H i 1 .67 H 23 81
3.63 . 3 63 19 3D
Marks.
Lire . .
Berlin
i;enoa-
Athens-
Drachmas
Copenhagen
Kroner . .
Cliristiania
Kroner . .
Stockholm
Kroner . .
Tlongkong
-Currency ,
Japan Yen
Bhangn
- Tads'
7.60
19. 55
19.13
21 65
5. on
48.50
74.50
7.70
19 60
19.20
2170
56 50
4 9 00
75.O0
19.30
2H.70
26 70
26 70
M Inneapolls-Dnlut h Flax 1
Ihilutli, Jan. 22.. (I. X. S. ) Flax:" Jan..
$1 .90: May. $2.01; July, $2.04; track and ar
rive. $1.93.
Minneapolis. Jan. 22. (I. N. 8) Flax:
track and arrive. $1.88 H 0 1.89 H .
Xaral Stores Market
New Tork, Jan. 22. (I. N. 8.) Turpentine
-Savannah; 92'H ; Xew York,- 74.
Ccncrvatlvo
Ctistoaian "v
To men ' . and
women who ; have
this week started
their Thrift Cam
paign, we wish
continued success
and prosperity.-
Travelers' Checks
XITE would direct the attention of Travelers and Tourists to our 4 -,
facilities for equipping them with our Travelers' Cheques
which are payable at all our "branches, and correspondents
throughout the world. We cari provide these cheques payable,
as Canadian. New York or. London, England, exchange, in denom
inations of 1510, $20, 50 and 100.
THE CANADIAN BANK OF COMMERCE
Portland Branch . Fourth and Stark St.
Tobacco IToducts i 55 H I 54 H I 54 H
Trartecontinental Oil . 10 H ' 9H 10 H
Union Oil of Deleware. . . . j I 22 s
Union Pacific ." . . . 1 9 ; 1 1 8 H 1 1 8
U. S. Ind. Alcohol 68
U. S. Hul.her 69 67 H 68
I' S. Smelting 34
U. S. Steel 82 81 81
Utah Copier . . . ; 56 55 H 55
Va. Cbem 37 36 U 86
Vanadium Steel 37 36 H 37 H
Vivandou . . .j T 4
Wabash . 8 U 8H
W ells Fargo 69 68 H 68 H
Western Union 4 87
Westinghouse K M. . . . .4 44 4
Willys-Overland 8 7H 7H
Wisconsin Ceutral ...... ..... 34
W. A L. E. . .1 10 9
.Kelso Ban. neelecta
Kelso, Wash.. Jan. 21. All officers
the Kelso State bank were reelected fejr
the ensuing year at the annual . stock
holders' meeting. They are : President,
F. M. Carothers ; vice president, George
i L." Marsh ; cashier, F. L. Stewart ; a3
i sistant cashier. George F. Planondoni;
directors, F. M. Carothers, Pat Baxter,
James Wallace, F. L,. Stewart and
George L- Marsh. The last year has
been a very prosperous one for the bank.
Weekly stock sales. 3.8
Weekly bond sales. $64"
Total sales etocks, 365
Total sales bonds. $57
11 900 tn.M.
.3 1 6.0OO.
:uo snares.
,000.
Xew
I Furnished
York Hond
by Overbeck
Atchison Genl. 4s. . . .
Bait. 4b Ohio Ooid 4s.
Bethlehem Steel Kef. '
Cent. Pacific 1st 4s . . . .
O. B. 4 Q. CoL 4
St- Paul Genl, 4Hs
Chicago X. V. Jenl. 4. .
L. A X. Cni. 4s
New York Ky. 5s ...... .
Northern Pac. P. L.
Reading Genl. 4s .
Union Pac. 1st 4s.
U. S. Steel 5s
Union Pac. 1st Re f.
Southern Pac. Conv.
do 4s
Penna Conv. 4 H s
I'enna. 1 st 4 H a . .
"hes. & Ohio Conr.
Ore. Short Line 4s .,
03.
4s. .
5a.
5s .
Ss
Market
& Cooke
i Bid
1 78 i
.j. !
. ;. 84
74
97
79
7T
83 H
iss
78
81 U
81 H
95 "
79
, 91) H
784
91)
81 H
83 H
bOH
Co.)
Asked.
7
U
8)1
74
98
81 H
78 H
S4
21 Ti
78 H
81
8H
' 90
80 A
"79H
96 H
82
84 'i
81 H
6 HERRIN & RHODES, INC.
(Established 1896)
SEATTLE PORTLAND TACOMA
Fart Private Du Plex Wire
COAST TO COAST.
Stocka, Bonds, Grain, Cotton, Forvtfln Cx
cnartoo
Members Chicago Board of Trad.
Correspondents K. F. Uutton tt Co.
Members:
New York Stock Ischanoss New York Cotton
Exchange Now Orleans Cotton Exchange.
LIBERTY AND VICTORY BONOS.
Headquarters for Baying and Selling All
Issues. Lan or Small lota.
Railway Kxchanao Bide. Main 2S3.
Stocks, . Bonds, Cot torn. Grata,' Et.
SIS $17 Board et Trads B.ildlnf
Overbeck& Cooke Co.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Members Cnleago Beard of Trade !
i Correspondents of Lor as A Bryan, v 1
Chlesro
Sew
i
; 1 '
1 7
Of : - .-
A C,
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