THE OREGON DAILY X JOURNAL; PORTLAND, OREGON-
13
ARGENTINE AND AUSTRALIA BULL WHEAT FACTORS
STOCK SUPPLY NOT LIBERAL AND SOME ARE. HIGHER
WEDNESDAY, FEBRUARY; 23, 1921.
. 4
1
EGG
MARKET
HAS
CATTLE TONE IS
NOT VERY HEALTHY
WEDNESDAY MTESTOCK MARKET
AN ACTIVE TONE
Butter Eggs.
Portland 4e lie
Chicago tec S3e
ha Francisco S9'4e 87c
Sew York 4 Sl'io 58c
heat tie 6 Re 3e
X,os Angeles ?e sis
There was no change in the egg mar
ket nHuation for the day so far as.Iead
lng f. o. b. buyers' prices were concerned.
."While some were naW to be quoting low
er, the price of Wednesday arrivals con
tinued generally at 29o a Aozem for cur-
rent receipts.
While some were anticipating a drop" of Id
. a dosen In the buying price of eggs for Thurs
day by quoting down to 28c dosen for both
that day and for Friday's arrivals, the fact
remains, that there wa really no change in
the situation here for the early trade because
of the holiday and the absence of outaide
quotations.
Then again It la clearly thnwit that the his
-fellows -who have been ao keenly seeking to
depress, .he pric nt eggs to 18c which they
might bare succeeded in only for the timely
expo of their scbeniR by The Journal now
appear to realise that the former low price
wan about as low aa they may expect the formal
aUimge season to ahow.
Home thiprnents rnntinna to be made to oot
nde point and there ia activity all through the
trade.
Those desiring special Information regarding
any market should write the market editor Ore
con Journal, enclosing stamp for reply.
BUTTER SITUATION IS STROSO
' Strength rontinne In the local butter trade
with a scarcity of eitra available in the cube
market. There wan no change noted in price
W adneeday but soma were asking premium.
CHEESE MARKET VEnT ACTIVE
While rift price change were indicated during
the, day. much activity is ah own in the cheesie
trade. Tillamook continue unable to fill more
than a araail percent of the order offered at ex
treme pneee; in fact at a premium.
CHICKEN HlTTrATIOIf IS fiOOB
With enppltea atill limited and demand good,
market for chicken remain in a very at rang
position with a quick cleanup of offering. Both
lira and dreaaed atock is being sought.
BROCCOLI PKICE IS ADVANCED
Bocana nf the searctty of offerings at this
time, due to weather conditions, there has been
an advance nf 25o a crate to 42.50 for No. 1
liouglaa ccunty broccoli while beat local sella
atroug at $3 a dozen, :
SO WALLA WALLA (tPISACH IX
There is a complete absence of epinach of
ferings from Walla Walla because of tire snow
covering there. 1 xm Angeles sUxk is in small
anpply and of indifferent quality around $3.50
per crate.
BRIKF NOTES OF FRO I) TOE TRADE
Veal market steady to firm with most tops
at 19c.
Country killed hogs steady around 15c for
tjf.
I 'ceased .'"buck" sheep slow at 4 ft fin pound.
Country killed beef slow, for cannera at 5c,
but bulls sell well at 7c.
Ietiuce market is quoted stronger with gnoat
sale of top quality at $3.65 K 3.75 per crate.
WHOLESALE PRICES IN PORTLAND
These are prices retailers pay wholesalers, ex
cept aa otherwise noted :
t y Product
ng price, box lots: Oream
nt wrapped. 56e per lb.
rs. extras, 48g51e per lb.;
dairy, buying iriee, li.lo ivr lb,
BCTTKKFAT Portland delivery basis No. 1
grade, 53c: No. 2, 50c; country stations, 49
50c rr lb.
t'HKKSB Belling price: Tillamook, fresh
Oregon fancy triplets, 36e per Tb. ; Young Amer
tran. 37c lb. Prices to jobber, f. o. b. Tilla
mook. Triplets, 33c; Touni Americas. 34c
Selling price: Block Swiss, 3S40e; lim burger,
3ti(-S8o lb.; cream brick, 36 88c per lb.
KGGS -sc Bu)tng price; .Current receipt,
2tn pesvaVsen; candfi-d, selling price. "12 S 33c
Ir dozen; select, 34 ( 3'c per dozen.
LIYrl POCLTHY Helling price: Heavy herss.
30c per lb; light hens, 2827e lb.; old
roosters. 14a per lb.;, turkeys. 40c m-r lb.;
dru-ed, 40rt55c per tb. ; ducks. 35a40o lb.
Fresh Vegetable! and Fruit
FUKSIt KKrlT Oranges. $2 50 r 5.60 box;
bananas, ll(12c per" pmtnd: lemons, 13.50 w
4.75 case: erapefruit. Florkla. $0.50(9 0.00;
Arizona, S3. 00 & 6.00; California, $3.00 iff
4.O.O.
APPLES 1 25 3.00.
IK1K1 FRUITS late. Dromedaries. $5.65
H.K5: Feni. $3.50 13.73 per box; fig.
$2.00 3.BO. i
ONIONS Selling price to retailers: I .oca I.
$1.25; garlic. 15c; green onions, 40o per dueen
bunches.
POTAT0F.S Selling price to retailers. Ore
gon fancy, $1,000 1.25; sweats, Tenn., S3. 50
hsmper. '
BERKrES -e-Cranberries, local, S6.00&6.23
per box; Kat.rm. $10.00 bbl.
VEr.CTABI.K8 Turnips, $2 .Id per sack;
carrots, $1.50; beets. $2.00; lettuce, $3.50
3.75 per crate: egg plant, 35c; broccoli, $2.00
2 50; bell peppers, 25c lb.: celery. $100
1.25 doxen: Hubbard squash, 2 QeJi Vo lb.: rhu
barb, hothouse. 20c lb.; Mexico tomatoes. $5.00
lug.
Meata and Provisions
COPNTRT MKATS Helling price: Country
bC, 15e per ib. for top blockers, about
125 to 150 lba.. heavy stuff lower: veal, top,
80 to 110 lbs , 19 ( 19 He; heavy staff lea.
SMOKED MEATS Hams. 3033o per lb-:
breekfaM. bacon, 2 6 49c.
URt" Kettle rendered. 21 He R.: tierce
basis, compound, 13 He.
' Fish and Shellfish
FRKSH FISH Steelhead. 26o per lb.;
Chinor. 2 8 is So lb.; halibut, fresh. 18
23: sturgeon. ( ); black cod, ll12c: kip
pered salmon, $1.50 per 10-lb. basket; kippered
cod. $2.85: raxor clams, ( ); crabs, $2.75(3
8.75 dozen; ling cod, 6 7o lb.; Columbia
smelt, $1 501.75 bo
OTSTKRS Eastern, per gallon. $5.00;
Olympia. $5.50.
Qrooerles
81TGAR , Refinery baaLs: Cube, $10.50;
fruit and berry. $8.75: I yellow. $8.15; best
granulated. $8.83; ektra C. $7.55; Golden C,
$8.25.
HONET Per case, $7.73 8.00; bulk. ISc
per lb.
RICK Japan stylo No. 1 5 H 6c; Blue
Rose. Hi (mSo per lb.; New Orleans head, 10c.
COFFEE- Roasted,- 19 31c, in sacks or
drums.
SALT Coarse, half gronnd. 100s, $17.23
per ton: 60s, $17. HK; table dairy. 80s. $27.25:
bales. $3 504.00; fancy table and dairy,
$34.50; lump rock. $28.50 per ton.
BEAN'S Sales by jobbers: KmkU white,
5 Ho lb.; large white, 5 He: pink, 7 He per lb.;
lima. 8 He: bayou. 11 He; reds, 7 He; Oregon
besns. btiving prices nominsl.
CANNED . MILK Carnation. $8.00; Borden,
$8.00; Aster. $5.90; Kagla, $11.50; Libby.
$5.90; Mount Ternon. $5.90 per case.
rA CRACKKitS In bulk, 17o pee lb.
NUTS Wslnuts, 23 25c per 1M: almonds.
.27H S2Sc; Gilberts, 32e in sack lots: peanuts,
14H S15c; pecans. 25c; Brazils, 85c
Rppa, Paints, Oils
HOPE Risal. dark. 14C; white. Ifte per lb.:
HERR1N & RHODES, INC.
(Zstabltebed 18BSI
. C ATTLE PORTLAND Til COMA
tut Private Du Pin Wire
COAST TO COAST.
Caocka. Stand. Grain, Oottoo. rerwtaa
ctianva
ALL MARKETABLE SECURITIES
Member Chicago Board of Trad.
Correspondents E. F. Uutton Co.
Mambarsj ., . ,
New Ver Stock tachanga Ilea York Oatta
Exchanss New Oetaana Couaa Eacnanwl.
LIBERTY AND VICTORY BONOS. .
Beadquartara for Huylng and ' Mums in
lssua. Lane or Bmail aoia, -
tallway Ea&hano Bldo. SU fSS.
RtecAs, Bonda. - Cotton, Oraln, Etc
SIS - til ; Board at Trade v BulliUaf
Overbeck&CookeCoe
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Member Ckletc Soarl Trade
Correspoadents of X,og-aa A BryBa.
Chieasw . New Tort
MARICET
BASiCET
UJETAIL- PRJCXX.
Potatoes are actually selllns down to $1
per sack to consumers by soma of the
peddler and rather jrood quality is being
offered at that. With, field run potatoes
selling' on the farms as low as 60c a
sack, farmers are so anxious to unload
their holdings at this time that they are
peddling; to the retail shops as low as
they are fiekln? the carload lot buyers.
Consumers should insist Upon examin
ing; all potatoes purchased, for the dan
cer of securing stock with black spots la
more general than previously. Cut open
a few and see for yourself before buy
ing. Chinook salmon Is selling around 35c
a pound generally In the retail shops
and practically the same price is belrig
asked for 'steelheads. t Both are of ex
cellent quality at tills' time.
Smelt continue to sell generally at 4
pounds for 25c at retail, and the quality
was never better.
Epgs are 2c a dozen higher on the pub
lic market, with the maximum at 37c a
dozen.
Maximum Price on the Portland public mar
ket: Csbb&ge, 2o lb.; cauliflower. 20c head;
carrot. 2c lb.; celery, 13c head; celery hearts.
15c;. onions, 2c lb. ; parsnips. 2o lb.: squash, 2c
lb. ; turnips, 3c lb. ; potatoes, 1 He lb. : dry
beans. 7e lb.; prunes, 12 He Pj.: comb honey.
40c lb.j bulk honey, ouart. 90c: pint. 47c;
ducks, 50c lb.: geec, 45c lb.; cottage cheese,
2e lb.; hens, 833 33o lb.; fryers, 38c lb.; eggs,
37c doxen; butter, 60c lb.; milk, 13c quart.
The following price ruled generally in retail
shops for good quality. Borne values ar frac
tionally higher, inferior tuff fractionally lower:
Butter Fresh creamery, 82 e 65c.
Keg Fresh laid, extra. 87(40c per dozen.
I'oultoT Chicken, dresed. 8X4 0c lb.
Fish Sslmon. a050c lb.: bslibut, 80s lb.;
Columbia river smelt, 4 lbs, for 25c.
Flour Best local ; patent, .$2.75 3.00 per
sack, 4 9 lba.
Potatoes Btjrbank, $1.23 1.50 Per sack.
Onions l H 2c per Ib.
Clarke Potato Men
To Be Organized
Ttidgefleld. Wash.. Feb. 23. A permanent
organisation of the potato growers of Clarke
county will be formed at a meeting to be held
Saturday, at Vancouver. More than 60 grow
ers have announced their intention of joining
the association. A special meeting was held
some time ago of the committee who planned
the details of the -orgsniaation. Charles H.
Oreely of Ridgef ield and vtell known, as tb
"spudt king" of this county,, and Professor John
E. Lanen; "formerly of the Oregon Agricultural
college at Corvallis. but new of Kldgefield, will
address the growers on the production of certi
fied seed potatoes. plans will be made by the
growers for the standardization and shipping out
of. carloads of potatoes. Only one variety will
be selected by the association and this will be
grown by all of the growers.
Officials of the' club are: C. 8. English,
president ; II. K. Gerard, secretary and treas
urer. . Tb organization committee is headed by
Professor John K. I.arhcn, 11. H. Johnson, " N.
B. Chapman, E. Hongell and M. J. Newhuue.
Yakima Apple Men
Plan Foreign Sales
' Tskima, Feb, 23. To make a systematic
study of tb export apple trade. C. H. Oliver,
salea manager of the K. E. Samson company,
has gone to San Francisco, where he will board
the Holland-Americaa steamer Eeindijk, en route
via the Panama canal for Englknd, earning
85.000 boxes of srifles out of Seattle. Oliver
will observe the car and handling of the fruit
on the vessel and wgl 'visit markets in :reat
Britain, Norway,: Sweden, Denmark, Holism,
Belgium and France for the nurpo.se of making
export connections. An attempt will be made
by several firm here to increase eijort busi
ness for next year, but this is the first time
a personal representative of a Yakima firm has
been sent abroad to study the situation and
make connections for handling export trade.
BAinr RODrCTE; OF THE COAST
San Francisco Market
San Francisco, Feb. 23.-iL'. P.) Butter
Extras. 68 He.
Kgas Kxtras, 87c; extra firsts, 36 He; un
deri.ed pullets, 30 He.
Cheese -Caliform flats, fancy, 25c.
Seattle Market
Seattle. Feb. 23. (U. P.) Egjs Fresh
ranch 36c: pullets 30c
Butter City creamery 553i56c.
Los Ang4e Market
l,os Angeles, Feb. 23. (L N. S.) Buttar
57c
'Itgs Extras. 34c; case eount, 32c; pullets.
Sic
. uultry tlena, 35 36c; broilers. 53e; fry
ers, -55c.
-Tak-
POTATOES ALONG THE COAST
Seattle Market
Seattle. Feb. S!3. (U. P.) Potatoei
una Uetua 33: locals,
Sn Francisco Market
Ban Francisco. Feb. 23 UT. F. ) Pota
toes River white, f 1.75 ft 2,23; Salinas, S2.S5
&8.0O; aweets, $.50 67.OO.
Onion Australian brown. 75c $1.00.
Los Angeles Market
Los Angeles, Feb. 23. I L N". 8.)- Pota
toes Stoc kton Burbanks, . poor. $1.73 2.00:
best. $2.25 ff 2.33 ; Idaho russets, mostly, $1.75
(al.0; lrn al White Hose. SO l0c per lug.
S2.0O&2.25 sack.
Good Broccoli Quality
Rosebnrg, Or., Feb. 23. One of Douglas
county's foremast : broccoli growers yestenisy
ehiiJped his fifth carload of the produce. Mr,
Foster ' Butner claims the honbr of being the
foremost producer of this section and at the
present time is the only Individual shipper 'here.
Nearly ail of hi shiiunents ara sent U Eastern
markets and he is obtaining good prices for his
crop. Another carload will be shipped Satur
day by Mr. Butner. He atates that the quality
of the broccoli this season is above the average.
MlnnrapolU-Dnlntli Flax
Puluth, Feb. 3. (I. N. S.) Flax. May,
$1 10; July. S1.93H; track and arrive, $1.85.
Minneapolis. Feb. 28. (LN. S.) Flax
May. $l.t!: July, $1.03; track. $1.85 1.88;
arrive, $1.86 1.88.
Stork in Good Condition
Joseph. Or., -Feb. 23. In gpit of the Urge
amount nf snow that has fallen this year stock
in the valley are in splendid condition. A Chi
nook cleared the ground th first of the week,
bnt about a foot of saow took the place nt
that melted. The winter has been mild to date.
Chicago Potato Market
Chicago. Feb. 23. (I. N. S. ) Potatoes
Receipts, 51 cars. Minnesota and Dakota, Ohio.
$1.20 & 1.80; bulk, $1.20.
standard Manila, 20 H c.
LINSKKD OIL Raw. b)bl.. 9e gaL : krt
tie boiled, bbl., $1.01 ; raw, cades, $1.14;
boiled, cases, $1.18 per gallon.
COAL OIL Pearl or water white, in drums
or iron barrel, 17 He gallon; caaes, 30c per
gallon.
OASOLINE ' Iron barrels, 29c; cases,
41 He
WltlTR LEAD Ton lots. 12 .e; 800 lbs.,
13c par lb.
TUSPENT1NE Tank. 99c; case. $1.14;
10 case lots. Ic less.
Hop, Wool and Hide
HOPS Nominsl. 1920 crop. 17 22c
HIDKM Csifsiin. 10 W 12c; kips, 8 9c;
green bides, 5 ft tie per lb. '
MOHAIR ifcng. 2Se: short. 15c.
TALJjOW AND GItEASE No. 1 tallow, 5c;
No. 2, 4c
CASCARA BARK New, 8c lb.
WOOL j Coarse. 10c; medium. 20c; fine.
25c ver lb.
Chicago Dairy Produce
" Chicago. Feb. 23. ft N. S.) Butter Re
ceipts, 11.030. tubs. Creamery, extra, 50c;
flirts, 40 49c; parking stock, 14 18c .
EcS3 lteceipts.- 21.176 cases. Current re
ceipts. Sl33q; ordinary firsts, 3031e; firsts,
83 H 83 fee: check. 27s29c; dirties. 29
SOc. .
Cheese Twins, .new. 24H24'!te: daisies,
2523HJ Touns Americas. 23 i 26c; long
horns. 25 H 26c; brick, 20 H 21c.
Ijve Pmatry Turkeys, 43c: chickens, 80e;
iprings. 30c; roosters. 22c; seeee, 24c; duck.
86c, 1
HOTEL HOYT
btnctly PlreprooL Hear Both Depot and
oaaveiuent ear service to all part at ta city.
Slnal Room Wlthout Bath, f 1 and vs
Blnul Room Wtfltai giaih. m.1 ...
w, nua -
FORE GN NEW A
BULLISH FACTOR
- ' ' 1 ' '
WEDNESDAY WHEAT aMARKET
Bid. Los. Gain.
Hard white ..........1-3 le
Soft white ... 1.5S ..
White rlnb ........ 1.S3
Hard winter 1.4S ..
Northern Spring L4
Red Walla , 1J7 ,. 7e
NORTHWEST iR-4!.T' RECEIPTS
(Reported by Portland Merchants Excliange.)
' Csrs '
Wheat. Barley. Hour. Osta. Hay.
rortlind
Tuesday, Wed. .83 ... 1 4 23
Tear ago 27 ... It 1 13
Season to date. 1173 192 5n'J 883 1718
Year ago 6256 169 2964 406 1349
Tacoma, Mon.-Tu. 14 5 1 10
Year ago 57 ... 45 1 12
Season to date. 3425 47 S7 101 700
Year ago.... 5322 -71 2053 147 608
Seattle, Mon.-Tu. '23 1 2 1 7
Year ago .... 4 ... 1 ... ,1
Season to data. 8723 1R2 270 315 ItlO
Year ago 4578 229 554 662 1064
By Hymau H. Cohen
Foreign news received Wednesday
was of somewhat startling and bullish
character, so far as the. wheat trade
is concerned. Hope was renewed In
the bull cause and, while early Chicago
prices were showing; little change, there
appears a somewhat better tona under
lying the actual wheat deliveries.
For instance, Chicago lofnrmeT we trad
here that a rumor from reliable circles in Ar
gentine said that the ArgenUne government in
tended to decree a minimum price of $1.63 per
bun he 1 for wheat, although nothing of official
character waa available.
To follow this came the information that
Rosenbauin Review had n Australian cable es
timating the etportable aunlu enly" about
70.000,000 bushel, of which 50.000,000 bush
els had been sold to Etfypt. Cuited Kingdom and
the continent.
Then followed the report that present indica
tions were that Argentine would have an ex
portable surplus of only 95.000.000 bubei and
this of poor quality.
There was a disposition -among the trad to
believe these reports despite the unusual bear
ishness in general business situation. Even
those that have been most persistent alone th
bear sido of the wheat market - have been in
clined recently to pull for the bull aid when
ever ther ws much of a price loss.
Locally, there 1 very little activity, although
some big deals may be expected any minute on
account of early approach of March 1, tax
time. ' '
Activity is pronounced in feedstuffs and mill
feeds and there appears a alight betterment in
the call for flour in th lonal territory.
FLOl'R Welling priie. mill door: Patent,
SIVR0; Montana spring wheat, $9.59: Willamette
valley brands, $8.55; local straight. SS.30;
bakers' local, $'..0O; graham, SK.00; whole
wheat. SS.O. Price for. city deliveriea. 13c
extra; suburban, 20c extra.
HAY Buviug price, nominsl. Willamette
timothy, fancy, $25 008 27.00 ier ton; clover.
$18.00; straw, $13.00 14.00; aifalfa. $20.00
IS 21 per ton. '
tillAIN HACKS Nominal. ; No. 1 Calcutta.
10c; domestic; lie. in car lots; less amounts
higher.
MiLLSTUFFS Mill run at mill, sacked, ton
lots. $34.00; carloads, $83.0(1.
OATS Per ton, buy iu price: -Feed. $34-00
85.O0.
MAULET Buying pric: Feed, $31.00
32.0O; milling, $32.50.
SKEI Buying price, nominal; no demand.
Red clover, rec-leaned ( ) per lb.; alsika. I ) ;
vetch ( ).
FEEDSTVFFS F. O. B. mills: Rolled bar
ley, $41.00; whole barley. SSR.OO; alfalfa meal.
$30.00; cocoanut meal, $30. Oil; cracked com.
$43.00; whole corn, 39.00 ton; scratch feed,
S5H.00; soy bean meaL
Merchants Exchange bids:
WHEAT
Feb. March. ApriL
Hard white 153 153 154
Soft white 153 153 14
White club 153 153 1..4
Hard winter 140 140 ,,.4'
Northern spring , 1 40 !i H 142 V4 H 1 43
Red Wall 137 137 138
FEED OAT.S
No. 2 white 34.-.0 3500 3500
No 2 gray 33 3300 3350
BARLEY
Brewing 8250 3250 32S0
Feed 3150 3150 3150
CORN
No. 3 eastern (hulk) . . 32.10 3250 3300
No. 3 local Ibuik) 3300 3250 3250
Early Bullishness
In the Chicago, Pit
For Wheat Option
Chicago. Feb. 23 (I. X. S.) It was a
duil day in the grain market with early
gains more than wiped out in later trad
ing. Wheat was strong up to mid-session,
but weakened more on lack of sup
port than any aggressive selling. Pro
visions closed higher for the session.
Resting prices for March wheat were
at declines of 4 to c. May dropped
$fe. May' 6"rn. ?ae lower, and July
Vs to c off. May oals declined and
July ?c.
Chicago, Feb. 23. 1 1. N. S ) With lead
ing commission and wire house? buying and the
selling led by a local professional, wheat started
He higher for March and Vc to He better fr
May.
Com started with selling by overnight lones.
May was He to lower and July down J, e
Oats opened steady to He higher, with offer
ings light and commission houses buying.
Provisions started hither, reflecting a sharp
advance in hogs.
Chicago range by Fnited Press:
WHEAT
172H 17HH 170
162 H 163 160
CORN
71 72 71
73 73 H 72 H
OATS
46 4H 43
PORK
2110 21 Wt 2100
LARD
1205 1225 1210
1250 125.1 1250
KIRS
1120 1132 1125
116-' 1167 1162
RYE
145 145 H 143
128H 128H 127H
BAKI.E Y
71 71- 70H
Cash wheat: No. 1 red. Sl.90fel.92; No
2 red, $1.01.02H; No. 2 hard. S1.76H
1.77; No; 3 hard, $1.72 H.
March
May .
May .
July .
May .
Jan.
May .
July
May .
July
May .
July
May
171H
101 H
71 H
72H
46H
2100
!10
ISO
1127
1165
144 a
128b
70 H
MARCH COTTON 58 POINTS
LOWER AT THE OPENING
New Tork, Feb. 23. (I. N. S.) The cot
tcm - market opened steady today. - March ' con
tracts were 63 points lower and under heavy
liquidation promoted by the cireulatdm of no
tices for about 70,000 bales. Eater months
were 16 points lower to 10 higher on rebuying
by sellers of th nearer positions and on domes
tic and. foreign trad demands.
Liverpool cables were weak, influenced by re
ports that Lancashire would probably increase
short-time o;e rations and by the further de
cline in silver. Iocally the market after the
opening continued irregular, but with the near
positions showing slightly greater ateadiness on
demand from the firms which had issued notices
and which appeared disposed to take them back
at a discount on March of about 65 to 70
.points under May.
The close was steady at a net decline of S
points to an advance of 18 point.
Spot cotton quiet and unchanged today at
13.20. No sales.
Month.- "
January
March
May ..........
July . ... ......
August ........
September . . . .
October s . . . . .
December
Ope"- High. low. Close.
1475 1480 '14f5 14S0
1230 1295 j 2SO 1284
IS 15 13KO ' 1315 1346
1383 1406 1377 13BO
.... .... . 1410
1425
1435 1455 . 1487 1440
1473 1473 1458 1465
Liverpool Cotton Easter
Liverpool. Feb. 23. (I. X. S I Spot cot
ton opened in limited inquiry, f Prices easier.
Sales, 8000 bales. American mid. fair, 31.36;
good mid., 9.06; full mid , 8.46 ; mid., 7.61;
low. 6.36; good ordinary, 4:96; ordinary, 8.96.
Future opened quiet. . !
Dried Fruit and Beans
New Tork, Feb. 23. (t. X. S.) Beans
Market quiet. Marrow, choice, $8.30; pea,
choice. $4.005 00; red kidney, choice, $9 25.
. Dried fruits Market du!L Apricots, choice
to extra fancy (1920), 24 & 36c; apples, evapo
rated, prxne to fancy, eld new. 6H (4 1U"
prunes, 30s to 60s ( 1 920 ) : 9 H ( 1 7 H e; 60s
to 100, 8 H 10 H e; peacnes, choice to extra
faary (1920), l21Hc; seed ad rauina,
choice to lancy, 24ft 23c.
-., -,. .. -r . . J , ;-. J ..S ..-.i...
Top. Hog.
Portland ....... $11 Ai
Chicago ....
Omaha .0
Denver S
Kansas City.... t.7S
Steers. Lambs.
$ 8.0S I 8.0
ll.li 1.7J
SJO .i8
70 .0
. f.S0 SS
PORTLAND LIVESTOCK RFN
Hoge. Cattle. Calves. Sheep. Cars.
Wednesday ,.1389
Week ago ..... 221
Two weeks ago.,1778 2
Four weeks ago. . 179 23
Year ago ...... 814 23
Two year ago .. . 477 104
Three years ago. 472 883
Four yeara ago.. 272. 48
12
30
190
B58
556
403
1
4
18
6
16
6
22
4
PORTLAND LIVESTOCK BI!S
Hogs. Cattle. Calve. Sheep. Cars.
19
2 625
3 ...
Wednesday ... . ,
Week c
2 weeks ago. . .
4 weeks ago. . ,
Year ago . . . . .
2 yean ago. . . .
8 years ago . . .-j
4 yeara ago. . . ,
139
221
1773
179
814
477
472
272-
23
28
104
863
46
30
. .. 190
. . . 558
12 556
. .. 468
19 ...
2 625
3 ...
12
' 4
18
6
15
8
22
4
There were- 12 loads of livestock re
ported In the North Portland alleys
Wednesday, but only three were avail
able for the market, others being direct
Bhlpment" to a packing company. All
lines indicated Unchanged prices.
South Dakota again contributed bin carl sods
of hogs or a total of 1158 head to the Portland
market Wednesday. These went direct to a
packing plant here.
Oenerally speaking there appeared a steady
tone for the few hogs available for the market
with top unchanged around $11.35 generally.
Ueheral hog market range:
Prime light . .Sll.OO&ll.SS
Smotth heavy 10 50 11.00
Rough heavy ', . . 8.50 9.60
Fat pigs 10.00 11.00
Feeder pig 10.00 g 11.00
Catll Are Absent
It was the second day this week that no cat
tle arrived at North Portland. Wednesday's
market was nominal and . only ' Monday's carry
overs were available. These were slow to weak
and steady in spot with no general pric changes.
However it waa th general opinion of th trade
that top price wonld not be available in the
cattle alleys at this time unless quality was some
thing better than recently available. In effect
this really means a loss mf probably 25c from
extreme prices printed.
Cenernl cattle market range:
Choice steers $ 7.50 8.00
Medium to good steers 6.75 7.50
Fair to. good steers 6.00 ft 6.75
Common to fair steers 5.00 & 6.00
Choice cows and heifers 6 00 ft 6.75
Medium to cood cows and heifer 6 50 ft 6 00
Fair to medium cows snd heifers 6.00 6.50
Common cows and heifer 4.00 (e 5.00
Cannera 2.00 4.00
Bulls 3.50 9 6.00
Choice feeders 6.50 ft 6.00
Fair to good feeders B OO 6.50
Choice dairy calvea 12.00 013.23
Prime light calve 11.00 w 12.00
Medium light calves 9.00 10.00
Poor calv 6.00 W 7.50
, Steady Sheen Situation
With a merely nominal run for the Wednesday
trsLe, market for- sheep and lambs appeared
steMy at North Portland. Frices were" un
changed generally.
lieneral sheep market range:
East of mountain lambs $ 7.50 O 8.00
Willamette valley lamb 6 50 (t$ 7.00
Heavy lambs 6.50 7 00
Feeder lamb 6.50 ta? 6.50
Light yearlings ..: 6.50ft 7.00
Heavy yearlings 5.50 ft 6.50
Wethers 5.O0 6.00
Cull lambs 4.00 j 6.00
Evtes t 1.00 4.00
Wednesday Morning Sales
STEERS
No. Ave. lbs? Price I No. Ave. lbs. Price
10 644 $ 5.1 0 I
HOGS
1 360 $ 9.35 P 75 $10.00
54 104 11.00 1 . . . . 520 9.00
!...-. 255 11.00 4.... 202 11.35
7 171 11.35 1 120 10.00
M 191 1133 1 650 9.00
4.... 162 11.00 1 170 11.00
1 21t 11.00
i I.AMBS
12.... 69 $ 8.50 18.... 92 $ 1.50
AMERICAN LIVESTOCK PRICES
. Omaha Hogs $9.50
South Omaha. Feb. 23. (I. N. S.I Hogs
Receipts. 15,000; generally 10 ft 25c higher;
bulk, $8.50 9.23; tops, $8.50.
Cattle 4700: beef steers and butchers stocks,
generally 25c higher: Sr steers, $9.50; veal
steady to strong; a Lookers and feeders strong.
Sheep 10.000; killing classes steady to 24vc
higher; bulk lambs, $8.75ftS9.25; tops, $9.50;
early ewes, tops, $5.50; feeders, unevenly high
er; tops, -feeding Ismbs, $8.00.
Chicago Hogs $10.25
CTilcsgo, Feb. 23. (I. N. S.) Hogs Re
ceipts, 16,000, 15 to 25o higher. Bulk, $9.25
(A 10.00; tops, $10.25; heavyweight, $9.20 3
9.50; medium weight, $9.25 ftt 1 0.00 ; light
weight, $9.85 10.25; light lights, $9.85
10 23; heavy packing sows, smooth, $8.10 (g
0 00; packing sows, rough, $7.65 s 8.10; pigs,
$8 90 fti 10.00.
Cattle Receipts. 6000, 25 to 40c hkfher.
Beef steers Choice and prime, $10.25ill.l5;
medium and sgood, $8.85 ft 10.25 ; ligHtweiht,
good and choice, $9.50 ft 10.75 ; common and
med;un. $7.75 ft 9.50. Butoher cattle Heifers.
$5.60 ft 9 40; cows. $4.25 6 7.75 ;bulls, $4.75 ft
0.75. Canners and cutters Cows and heifers,
$2.25 4.00 ; canner steers, $3.73 & 5.50. Veal
calves (light and handyweight) $9. 50 12.75;
feeder steers. $7.259.00; stock er steers. $6.00
13 8.25; stocker cows and heifers, $4.00 ft? 6.15.
Sheep Receipts. 14,000, strong to 25c high
er. Lambs (84 lbs. down), $8.50 ft? 10.75 ;
lambs (85 lbs. up). $7.73 ft 10.25 ;' lambs, culls
and common, $6.50(8 8.00: yearling wethers,
S6.50C 8 25; ewes, $4.25 6.25 ; ewes, culls
and common, $2.35 4.00; feeder lambs, $7.00
ft 8.25.
Seattle Hogs $11.26
Seattle. Feb. 23. (L N. S.) Hogs -Receipts,
64 mfrket steady. Prime lights, 10.75
f11.25: rough heavies, $7.75 ftj6 8.25 ; smooth
heavies. $9.75 ft 10.75 ; pigs, $9.00 g 11.50.
4 'attle N one.
Sheep None.
Denver Hogs $9.30
Denver, Colo., Feb. 23. (L P.) Cattle
Receipts 300, 25c higher. Steers $6.50 ft
7.50; cows and heifers, $4.50 ft 6.00; stockers
and feeders. $5.507.15; calves, $S.006i
11.00.
Hogs Receipts 180O. 15 ft 25c higher. Top
$9.30; bulk, I8.40(H 15.
Sheep Receipts 6000, 2 5c higher. Lambs,
$7.60 ft 9.00; ewesi3.75 5.00; feeder lambs
$6.75 a 7.25.
Kama City Hog S9.70
Kansas City. Feb. 23. (I. N. S. ) Cattle
Receipts 4500. active. Steers. $7. 50ft 9.60;
cows and hilfers. $6.00 ftjp 8.00 ; stockers and
feeders. $3.60 7.50 ; calves, $7.00 1.1.50.
Hogs--Receipts 8500. steady. Bulk. $8.80
9.60; uh, $9.70; heavk-s. $8.75 ft 9.10; lights,
$9.25ft9.70; mediums, $9.00 & 9.60.
Sheep Receipts 4500 active. Lambs, $8.00
9.50; ewes, $5.00 5.75.
New Tork Batter and" Eggs
New York, Feb. 23. (L N. S.) Butter
Market strong. Creamery extras (salted and
unalted), 4951H-c; creamery firsts (salted
and uusaited). 43 ft SOc; creamery, higher than
extras (salted and unsaited), 49H(&52Hc;
state dairy tnbs, 28(348c
Cheese Market steady. State Whole milk
specials. 23H29c; whole milk fancy. 22
25 He; whole, milk lower grades. 1 2 ftt 2 1 H c.
Wisconsin Wnole milk, fancy Young Americas.
27 H o? 29S. State Skims. speciaL. 17Hft
19 He; skims, choice, 1316o; skims, fair to
eood, llft12c; skims, lower grades, 810c.
Egs Market unsettled. Nearby white,
fancy, 5556c; nearby brown. 43c; extra, 42c;
firsts, 38 40c.
COLD STORAGE STOCKS OF
D A I R If . PRODCCE IN NORTHWEST
Cold storage stock of dairy produce in the
Pacific Northwest
PORTLAND
Feb. 21.
J40.077
...... 175,133
203
191,729
SEATTLE
183,314
84.574
4
211.980
Butter, pounds
Cheese, pounds
Eggs, cases . . .
Poultry, pounds
Butter, pound .
Cheese, pounds
Eggs, cases
Poultry, pounds
Last Year.
170.988
34.612
12
193.633
228;40
100.683
4
253.225
Jfew Tork Potato Market
New Tork. Feb, 23. (L N. S.) Potatoes
fin bulk, barrel or bag)- Market steady. Near
by white. $2.25 3.25; Bermudas, $6.00 (a
9.60. -
San Tranclseo Ponltry Market
Pan Fraflefc-eo, Feb. 23. (U. P.) Broilers,
65 fa 68c; large hens, 33 & 35c; beat ducks, 30
35c per lb.'
San Francisco Barley Market
San Francnvo, Feb. 23. (IT. V. ) Barley
Spot feed, per. centaj, $1.25 6 135; ahipptng,
U-wLSl . v .....
ATLANTIC GULF
SHARPLY HIGHER
New York, Feb. 23. (I. N. S.) The
stock market closed steady today. Sears-Koebuck-'was
the most prominent fea
ture during the last hour of business,
falling & points for the day to 80. A
number of other specialties were heavy.
Goodrich Rubber showed a loss of over
2 points at 36. Atlantic Gulf, after Its
reaction to 474, was bought on a large
scale, and just before the close moved
up again to 49.
U. S. Steel ended with a gain of at
S3, and Baldwin Locomotive closed
with a gain of for the day at 90.
Government bonds unchanged ; rail
way and Other bondg steady.
Total saies of stock today were 447,
500 shares ; bonds $10,027,000.
New York, Feb. 23. (U. P.) Atlantic
Gulf, which featured the Xew York
stock market last week with its rapid
declines, advanced sharply today. It.
made 50, compared with " the close of
45, and its low of 424 on Monday.
The rest of the list showed little change,
with the general trend stronger.
United States Steel was off at 83 H , but
Mexican Petroleum wa '4 up at 157 "4. Kelly
Springfield gained a point on favorable earn
ings report. American Woolen waa stronger.
Rails were higher, with the exception of Nor
folk and Western, down H at 102 H.
dr. cook Co.. Board
Furnished by Overbeek
of Trar.e building:
KTIM'KH
High i Low
Kid
'B" . . .
I. .
A zr. Chein
Alaska Gold .'.
Aliuska Juneau
Allis Chalmers
Am. Bosch
Am. Can Co
Am. Car & Fdy
Am. Cotton Oil
Allied Chemical
Am. Hide & Lent her.
Am. Ice
Am. Intl. Corp
Am. Linseed
Am. Locomotive
Am. Ship & Comic ,
Am. Smelter
Am. .Steel Fdy
Am. Sugar
Am. Sumatra .......
Am. TeL A Tel
Am. Tobacco
Am. Tobacco
Am. Wool . . .
Am. Zinc ....
Anaconda ....
Assd. Oil
Atchison
AU. Ciuif ic W
Baldwin Loco
Balto. & Ohio
Beth. Steel 8
B. R. T
Butte C. A Z
Butte & Sup
addo oil
Canadian Pac
Cen. latliec
Chicago A N. W
Chicago (Jt Western
Chile Copper . .
Chino
C. M. A St 1'
C. A O
Colo. Fuel A Iron
Colo. Cas & Elect
Consolidated Oas
Consolidated CUfars
Corn Product
Cosden Oil
C. R. I & P
Crucible
Delaware A Hudson. . . . . .
Itome Mines . .
Enuicott Johnson
Erie
Fed. Ming. A Smelt
Fisk Tire
Gaston Wms. ..........
;en. Cigars
Gen. Electric
Gen. Motor
Goodrich
Granby
Great Nor. Ore
Great Nor. pfd
Greene Cananea
Gulf S. Steel
Houston Oil
Illinois Central
Inspiraticn
Interboro
Interstate Callahan ......
Int. Harv
Int. Mer. Marine
Int Nickel
Int Paper
Invincible Oil
Island Oil
K. C. Southern
Kennecott . . .
I-ack. Steel
Lehigh Valley
Mcx, Pet
Miami
Middle States Oil
Midvale Steel .........
M. K. A T
Mo. Pa"
Mont-Ward , . .
National Bincuit .......
National Enamel
National Lead
Nevada Con.
New Haven
Norfolk & W
Northern Pacific ......
Nova Scotia Steel
N. Y. Central
Okla. Prod. ref.
Ontario A Western
Pacific Oil
Pacific Ga ? Elec. ....
Pan Aran. Pet.
Pennsylvania ., . .
Peoples Gas
Pure Oil
Pie ace Oil
PresSed Steel Car
IMliman
Ray Con.
Reading
Remington
Republic I. & S
Royal Dutch Oil
Railway Steel Springs .
Shattuek, Ariz
Shell T. A T
Sinclair . ............
Sloss Shef. ..........
Sou. Pacific
Sou. lly
St L. & S. F
Studebaker ...........
fcwift & Co
Term. Cop. A Chem
Texas Oil
Tex. Pacific C. & O. . .
Tob. Products
Trans. Contl. Oil
Vr.ion Oil Del
I'nion Pac
C S. Ind. Alcohol.....
U. S. Rubber
T7. S. Smelting ........
U. H. Steel
I'tah Corper
Ya. Cheao
Vanadium Steel .........
Vivandou ........-
Wabash .......
Wells Fargo
Western Pacific
Western Cnion
V estimation E. A M . . '.
Willys-Overland
Wisconsin Central
Worthinstou Pump
53
364
56
30 m
123
45
10 H
42 H
93" "
87 ',4
100H
123
119T4
62 H
.' 38
'82 W
r.tt
90 H
84H
13 H
117 H
Co' '
ii H
28
60 H
50 H I
36H
55 H
29 H
123 Vt
50
44 '4
10
41H
'f2H
83 H
100 H
12J) H
1175a
60
38 "4
"82 H
47 H
89
34 H
15
116
'67'
1 1 H
21 H
27 H
60 H
60 I 60
I-
55
70 4
'27 "'
94 H
101 H
16 H
60 H
.13.
14 '4
2
61 H
131
r !4
37
77 H
54
69 H
'27H
02 H
101 H
15 74
60 H
18 H
'14H
,2H
61 H
130
14
35
76H
83 34
4 i 4 H
.: 5 It 5 H
i 4 h 'is
15H 16H
64 H 52 H
20 H 1
4 H 4
20 H) 20
18 17 H
53
I 53 HI
1159 159
18H 1H
13H!
31 I
2H
19HI
17 H I
1 62.14 1
13
30
2
18 H
16l
. . . .!105
62 . I 2
7 I
50 7s
1 4
1
36
55
294
123 H
21 H
46
9H
52
4 5 '4
50 H
83 H
10
41
30
92 H
86 H
100 H
120 H
117 H
62 H
9
38
98
82 H
4 OH
89H
34
103 H
12H
5 H
12 H
15 H
116.
37
67
H
11 H
21 H
27 H
58 H
28 H
60
80
54
70 H
29 H
27 H
93 H
101
10
60 H
13 H
14 H
2 H
80 H
130
14
35
22
30
77
22
32
7
88H
34
4
13
98
13
15 H
53 H
19 H
4
20 H
17
66 H
53 H
157 H
18
13 '4
30
2
l's
17
'ioHl'inW
103 H
84 H
37
72
33
7 5 H
40 H
89 H
34 H
11
106 "'
13 H
77 Ht
'67 H
61 H
23
'78
22
22
59 74
102 H
8 H
43
26 H
55
0
21
121
69 H
33
84
51
34
37
7
67
87
"7
36
48
102
84
36
71
32
"74
40
39 H
33
10 H
106
13
76
67 ' '
60
23
'77
21
21
5 8 H
102
8 H
43 H
25
54
8
CI
120
"8H
33
83 H
48
32 H
86
6
64 H
87 H
;'7
35
47
10
20
102
84
86
71 H
3
17H
32 H
47
74
39
38
34
10
91
106
13
76
34
67 H
60
85
6
41
23 H
48 H
78
2 1
21
59
102
8 H
43
26 4
54
9
20
120
70
68
33 H
83
51
82
36
7
65
66
87
46
7
34
48
Federal Qold Reserve Gains Oyer 1920
Standard Oil Stocks
Anglo -
Borne Serysmer . .
Buckeye
Cheesebrough . . .
do pfd.
Continental
Crescent
Cumberland
Eureka ........
Galena com. . . . .
Galena Old pfd. .
Galena New, pfd.
Illinois Pipe . . ...
Indiana Pipe . . . .
National Transit .
N. Y. Transit . . .
Northern Pip . .
Ohio Oil
International Pete
Penn. Mex
Prairie OH
Prairie Pip
Solar Ref
Southern Pipe . . .
South Penn. Oil . .
8 W. Penn. Oil .
S. O. California .
S. O. Indiana
S. O. Kansas . . .
8. O. Kentucky . .
S. OT N. Y
SvJX Ohio ......
do. pfd
Swan & Finch . .
Cnion Tank
do. pfd.
Vamtim .......
ttashmgloTt
S O 'Nebvaeka , .
I penal Oil . . . .
......
. . . .
Cinema-
Bid. A'k.
'18 1B
383 410
82 84
175 200
J 00 105
1 U 114
80 32
185 143
99 102"
43 46
93 97
94 98
165 170
84 R6
27 29
153 158
95 93
282 288
15 16
83 36
4t SOO
200 205
385 4O0
104 109
235 240
70 73
SOS 809
69 70
600 613
413 423
34 5 S50
385 400
10T 109
43 - 53
108 112
96 100
315 325
28 82
44 0 . 425
97 - 99
The comparative statement of the) federal reserve bank of San Francisco for
the week ending February IS shows a loss in total gold reserves of $3,359400, com
pared with the previous week. . i
Along with this, however, the reserves for the period shown In the statement
exceed those of the corresponding week of 1920 by $43,430,000. i The total resources
of the bank exceeds the amount of the week before by $5,842,000 and a -gain of
(21,865,000 is shown over the same week of last year, .
The statement In detail follows : . , :
REROCRCE8 t Feb. 18.1921. Feb. 11,1921.- Feb. 20.1920.
Hold nd gold certificate..... ...$ 17.542.000 $ 18.024.000 S 11.649.000
Gold
Gold
settlement fnnd -federal reserve board.
with foreign agencies....,
Total gold held by bank.............
Gold with federal . reserve agent. ..........
Gold redemption fnnd .......i... I. ......
Total gold reserve .fj. ......
Legal tender notes, silver, etc .............
Total reserves ....................
Bill discounted--
Secured by government war obligations . . . .
All other ,
Bill bought in Open market..............
Total bills on hsnd ................ ,
V. ' 8. government bond .................
C. S. Victory note . . . .-
IT. s. certificates of indebtedness.
AU other earning asset ........
32.310.000
, . S 49,852.000
. .$129. 69.000
. . 10.846,000
31.729.000 i
$ 49,753.000
$132,618,000
10,892.000
80,440.000
5,190.000
47,279.000
89,507.000
11,458.000
..S189.898.00O $198,263,000 $148,242,000
,. 1,970,000 S 1,982.000 S 194.000
.S191.S6S.000 $196,235,000 S148.436.000
,. 40,471,000
,. 100,795.000
.. 46.449.000
..$17,715,000
, . $ 1.822.000
ii.i'i s',666
Total earning asset $200,658,000
Bank premises . k $ 809,000
Uncollected Items and other- deductions from gross
deportts 42.846.000
5 redemption fund against F. R. bank not... 665.000
('.old abroad in custody or in transit 162,000
All other resources ' 667,000
S 88,209,000
101.S72.O0O
4 4.980.000
$184,561,000
S 1.822.000
ii.'oYo'.ooo
S197.39S.000
8 303.000
88,857.000
665,000
162.000
421.000
$ Bl,St.000
49.024,000
94,095.000
$194,470,000
8 2,632.000
ii.VfV.OOO
$208,677,000
8 231.000
86.850.000
665,000
224.006
Total resource
Capital paid in
Surplus
Government deposits
Due to members- reserve account . ,
Deferred availability items
Other deposits. including foreign
credit"
Total
$436,948,000
' LIABILITIES
$ 7,026,000
14.194.000
7,665,000
. 113.451.000
31.879.000
government
5,029.000
$431,106,000 $413,083,000
gross deposits
Federal reserve notes in actual : circulation . . .
F. It. bank notes in circulation-r-net liability.
All other liabilities
Total liabilities '
MEMORANDUM:
Contingent liability on bill purchased for foreign
correspondents 1 $
.8158.324.000
.$345,083,000
8. 963,000
2.436.000
$ T,00,f)0fl
14.194.000
2,422.000
113,846,000
29.732,000
5,978,000-
S151.478.000
$247,803,000
8,848,000
2.277.000
I 6,974,000
. 7,539,000
6.379.000
11 8.808,000
38.427.000
8.803.000
sies.6t7.ooo
$222,618,000
11.103,000
2.2S4.000
$436,948,000 $431,106,000 $416,083,000
736.000 8 738,000
New York Life Co. :
Has Banker Year, '
Its Report States
The annual report of the Xew York
Life records the largest annual business
in Its history largest with respect to
new insurance, amounts paid policy
holders as : per contracts, and amounts
paid in dividends, which are returns in
excess of the guarantees of the con
tracts. The amount paid living -policy
holders was more than double the
amount paid as death and disability
claims. The total payments to policy
holders exceeded $114,000,000, and the
total new insurance was nearly $700,-
eooooo. ; . ;
The company's balance sheet shows
five classes of securities; in each of
which the company's investments exceed
$100,000,000, They are mortgage loans,
policy loans. Liberty bonds and Victory
notes, local government obligations, and
railroad bonds.
FOREIGN' EXCHANGE RATES
Corrected daily by the foreign exchange de
partment of the United State i National bank.
Quotation below, except the pound sterling,
are quoted on the basis of 100 unit foreign
currency.
Oiieuing nominal rates
Draft
London Checks.
Lbs. sterling. $ 8.88
Paris Fra ncs
Berlin Marks .
(,enoa Lire. ..
Athens
Drachma. . .
Copenhagen
Kroner . . . . .
Christiania
Kroner... t. 17. 60
Stockholm-
Kroner. .
Hongkong-
Currency
Japan Yen . . .
7.26
1.66
3.66
. 8.13
18.20
. . 22.40
49.00
4 8.50
Shanghai Tael 66.50
on hank
Cable
Transfers.
S 3.89
7 27
I 1.66
' 3.67
8.23
18.30
17.70
22.50
; 4 9.50
4 9;00
67.00
transaction:
Par
Value.
S 4.866
19.38
23.81
19.80
19.30
26.70
20.70
20.70
Money and Exchange
New Tork, Feb. 28. I. N, S. ) Call money
on the floor of th New York i Stcck Exchange
today ruled at 7 per rent, high 7 per cent,
low 7 per cent. Tim money waa easy.
The market for prim mercantile paper was
steady.
Call money in London today was 7 per cent.
Sterling exchange was dull with business In
bankers' bills at $3.87 for demand.
Foreign Exchange Market
New Tork. Feb. 28. D. P.) Foreign x
change opened alightly lower today. Sterling
wa $3.88H ; jfrancs, .0726; lire. .0865; marks.
.0100: Canadian dollars. .8(173: kronen, .inza.
Foreign exejhsnge closed today with demanu
sterling at 3.R8: francs. .0721; lire. .osn
marks. .0165; Canadian dollars, .8750; kronen,
.1810,
Snowfall Is Heavy
Waplnitia, Or., Feb. 23. The heaviest snow
teu sunaay nere to we oeptn
of the season
of 18 inches.
that it doe not continue to lay
scarce.
Local sheep and cattlemen hope
on? lor feed is
TTew York-London Silver
New York, Feb. 23. L N. S. Silver waa
quoted: Domestic, unchanged at 99 He; foreign
c higher at 67 He.
London. Feb. 23. Bar silver d lower at
32d.
New York Sugar and Coffee
New York, Feb. 23. L. P.) Sugar, quiet;
raw, $5.64 5.77; refined, quiet; granulated,
$7.50. j
Coffee Noj 7 Rio spot, 6 ft 7c; No. 4
Santos, 9g l0c.
,1,
ral Store Market
New York.iFeb. 23. (L N. 8.) Turpentine
Savannah, 50, no sales; New Tork, 66, sales
Rosin Savannah, $11.00; New Tork 88.76.
Clean Advertising
Is Subject of Talk
Before Credit Men
The Associated Retail Credit Men of
Portland were addressed -today at their
weekly luncheon by Marshall liana on
the subject of "Advertising in Relation
to Credits."
"The credit of advertising must be
preserved by the newspaper which values
readers' confidence; and high standards
of integrity," said Dana. "Not long ago-
The Journal adopted a policy which ex
cludes from its columns all "offensive
and objectionable advertising, 'including
the advertising of Internal medicines.
This was done that "legitimate adver
tisers" might be in good company and
that every person reading the advertis
ing in the paper might place in it the
same confidence as in Its. news and edi
torials. ' The accounts eliminated were
of concerns of good credit. But they
were ruled out by a policy which in the
beginning was cotly financially, but
which preserves an even more precious
and permanent asset."
The representatives- of the Portland
chapter of the Associated Retail Credit
Men left ilast evening for Spokarfe to
attend the annual convention of the
Northwest Credit Men's association. The
Portland credit men who are attending
the convention are : Holt Cookingham
J. S. Brooks, John "N. Keeler, Charles
L. Graden, Samuel E. Eunson, Garrett
Stelael, Homer St Goehler, C. I Mac-
Donald and S. C. Brant.
' SHORT TERM NOTES
Quotations furnished by Clarke,- Kendall
Co., Inc.:
Wlnslow bill providing for partial pay
ments to railroads passes senate and
now goes to president, i .
December reports of 202 railroads
show earnings at the annual rate of
only 1.17 per cent on tha value of tbelr
properties. ' ; .
3 iaiMM.ia '
Stats bank of Crocus, N. D.. clo&ed.
making 37 closod in last two montils in
state.
Advisory , council of federal roservs
board against any reduction In dis
count rates at present owing to finan
cial and Industrial conditions.
Comptroller Williams announces banks
outside: of New York city showed con
traction of $265,000,000 In outstanding
loans from November 1 to end 01 lilUO. "
ivelleV $snrlnvftalrf Tie. v-n Mrt 1 1 a.
Share before federal tax n $11)84,241
or common stock In 1920.
Pound Sterling May
Be Given a Value of
k S4? Declares Report
As to the future of foreign exchange,
the First Federal Foreign Banking as
sociation holds out little hope of an
early return to normal other than ster
ling, and even with regard to sterling
it is possible that Knglishmen may come
o regard tha working parity of the
,Kund as equivalent to $4.;
"The pound sterling may come hack
to a gold parity." says the bank, "but
It Is possible that the Englishmen will
prefer to give it a new value of about
one pound to 3.4. It will really make
little difference. If business become
adjusted to that value. Money Is only
a medium, of exchange. There admit
tedly is an clement of national pride
involved, and perhaps of International
prestige in finance, that may determine
Britain to bring' the pound back to its
old value."
Liberty Bond Kales
Reported by Overbeck A Cooke Co.
Liberty. ; 3 H .-... J. ,
Liberty, First 4 . . .j . ,
Liberty, ; Second -Is . 4 ,
Liberty, First 4 Vi a j . .
Liberty, Second 4 . .
Liberty, Third .4 ' s j . ,
Victory, ; 4 . . .
v ictory. 8 . . ,
High. Low Close.
9120 9106 0104
8714
.... 8662
8738 8714 K7IO
NUKO 8666 8H
61108 8004 8006
K010 8696 . 8690
9740 9734 978H
9740 9738 9738
New York YVool and Hides a
New York. Feb 23 (I. N. .) Wool
Market steady. Iiotnestin fleece XX Ohio. 24
645c; domestic pulled, scoured basis, 18ee76e;
domestic Texas, scoured hat. 40 & 80c; do-
mestio Ter. staple, scoured, , 5 5 ft 90r.
Hides Market dull. NsUvs Leers, 14c;
branded ateers, lie.
. Tfew York Metal Market
. SP..1. v. Aa u , ,
;BW iuim, fen, .d ii. ... n r t
dull; apot, February. March and April offered
lac !
I.e dev: snot Februar. March and Aoril
offered 450. .
Spelter easy; spot and February offered 4 95;
March and -April 480ft485.
Security Maturity. Bid. A"ked.
Am. Cotton Oil 6... 9-2-24 90 92
Am. T. A T. 6s .10-1-22 96 96
Am. T. AT. 6a...., 2-1-24 95 95
Am. Thread 6 ;12 1-28 94 96
Am. Tob 7s .,11-1-21 09 100
Am. Tob. 7s. ll-l-2 100 . 100
Am. Tob. 7s 11-123 99 100
Anglo Am, Oil 7 H. . 4-1-25 99 100H
Armour Conv. 7 7-1 6-8 93 97
Belgian Gov. 7..., 6-1-43 96 98
Belgian Gov. 6 .... . 1-1-23 90 91
Bath'l Steel 7i 7-15-22 08 99
Bethletiem Steel 7a .. 7-1 5-23 97 98
British Gov. 5 .... 1 1-1-21 99 99
British Gov. -5 s ...,11-1-22 94 05
Canadian Gov. 5A; 9-1-21 99 99
Canadian v. 8 a. . : f 1 F20 91 91
Cudahy Packing 7a. . .7-15-28 97 .98
Inter. K. T. 7a. , 9-1-21 88 69
Japanese Go. 4... 7-10 25 81 82
Kennecott Cop 7...; 2-1-80 90 - 92
LiBg. Myers Tob. 6s . , 12-1-21 98: 99
Moline Plow 7s i 9-1-21 08 ...
Molina Plow 7s. , 9-1-22 92 ...
Moline Plow 7s 9-1-23 90V ..
Muline Plow 7a.'...; 9-1-24 88
Pac. Ga 7a i 6-1-25 964 07
Swift 6s .8-15 21 98 99
U. 8. Rubber 7s ...1,12-1-2 97 . 97
PACIFIC COAST BANK STATEMENT
Portland Bank
Clearings Thi Week. ; Ter Ago.
Monday $ 4.314.502.74 Holiday-
Wednesday... 5.522,093.19 S 6,371.000.82
Taootna Bank
Clearing Wednesday ........$ 638.700.00
Balance Wednesday 70. 707.00
Spokane Bank -
Clearing Wednesday . "I 8 1,851. 378.00
Balance Wednesday . . . 739,937.00
Seattle Bank
Clearing Wednesday . 4.788.281.00
Balance Wednesday ....... 1.127,011.00
Lot Angeles Banks
Clearing Wednesday ....... .$ 1 8.261,460.00
San Franoiaoo Bank
Clearing Wednesday $22,100,000.00
' President Wilson sends message to
congress recommending; Belgium be al
lowed to pay her debt to United States
in German bonds.
Chile, as Neutral,
Reduced Her Debts
By
The
Nitrate Exports
republic of Chile, favorably
situated throughout the war because
of a continuous v,i.ria flemanc ror
her nitrate f use in the manufac-.
ture of tunltl ns and fertilizer,
stands! out as one of the few coun
tries wihich w;re able to reduco their
national debt during the war period,
according to a i ,ort of the condi
tions hi Chile issued by the Guaianty
Trust company oi New York, a
direct debt of Chile,' expressed In
United F States - t-twity, is ow $161.
265.000.! "omparetl with $175 500,000
at the I end of 1913. In addition to
possessing the advantage of a rela
tively small debt, the lank nys, the
Chilean gove.Tirnent owns 2836 miles
of railway and telegraph and othjr
properties valued In 1918 .- $240,000.
oOO, which is !$26,o 1,000 mc.e than
the debt at the b-ginning of J21.
Before the war Great Britain stood
first In both Chile's export and im
port tra4e, with tlermany second and
the United States third. During the
war the United States assumed the
leading position, and actually did
more than hali of Chile's total export
ana import iraae m mil.
We offer the unsold por--tion
of our allotment ot
Republic of Chile
20-yr.Sinking Fund 8 s
at
99
to yield t m!nU
'mum of 8.13 up
to-a possible 20
to accord witri the
operation of ths
sinking fund. -
There' will be retired annually $1,
200.000 by sinking fund purchase
or by lot at 110 the first ten years
and 105 the next ten years.
Cat or phone.
FREEMAN,
Smith
CAMP
J
-t-
(Sunday Journal, Feb. 20)
ssouNn pioo
i Ma
FaTTM AMD 8Ti
B74
Chile's national wealth
'approximates .$800 per
capita or 161 times her
debt. i - -
; m
We recommend
j as a conservative
. investment
T
Republic of
Chile
' 20-Year 8
Gold Bonds .
Callable at ilO until
1031 At 105 thereafter
Price 99. To Yield
Over
ItpiQimisIiTKtC
SssVSW iaii .oi n n i i 1 K' i 1
0
BROADWAY AND OAK
6 to 8J2
MUNICIPAL BONDS .
CITY AND FARM
MORTGAGES
SHORT TERM
COMMERCIAL
PAPER
. We Buy and Sell
Liberty Bonds
Western Bond &
Mortgage Co.
Ground Floor
Board of Trade Buildinf
Slain 11 'SO Fourth St.
- - I
A
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Your vahiabb )
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Ta, a.
lOA United States
J National Banlc
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