THE OREGON DAILY JOURNAL, PORTLAND, OREGON
UNITED STATES LOWEST WHEAT MARKET IN THE WORLD
TURMOIL IN . GERMAN 'CONFERENCE AFFECTS TRADE
TUESDAY. MARCH 1, 1S21.
BUTTER TRADE IS
INCLINED TO WAIT
. I ' - IS .( -
TUE8DAT DAIRT PRODUCE
Butter. JEggs. Cheese.
rortUad ...Me tie . 3e
CUeago .......,....33e Sie 8e
flaa Francisco ;...,47V4e $8e. tlVie
ew York .........Me 28ae
rM-attle .. ......... ,.C6c lie .....
lot Aorrles ...... ,4S iSe .....
Taoiflo Northwest butter trade Is still
rather (startled aa a result of the llc
drop In the price of butter at San Fran
Cisco within the period of a few days.
No price changes were shown here dur
ing the Tuesday morning: trade.;
locally the nxarket appears to be marking"
time. Then i na senou -weakness in the
situatioa. although the trend of the trade can
not by any manner ha considered steady. Thar
la a saaoral dJiitin to await - results 1 from
othar roarketa before taking bold, tha trade bera
being inclined to purchase only for daily require
ments. . Regarding tb trend of the San Francisco
market.- tta bureau of marketa reviews the situa
Uon p to last i'riday aa folio we:
"The upward trend of the butter market3 at
Saa Francisco, ' which started three week ego.
ram to a halt- Thursday when 92 score reached
04 He. Tricea increased 8 He from Friday to
Friday and the continued advance checked trad
, ing to aorne extent. A slightly top-heavy con
dition waa evident Thursday and the lack of
confidence in the market retarded - buaineas. The
weak undertone was more pronounced Friday,
whan price dropped H c, the first decline, since
Mbruary 7,' Demand froca the Bouth fell .off
during .(lie week, and inquiries from the North
became less frequent. juite a' little New Zea
land batter was sold at 60c and displaced the
demand for trie higher priced fresh California
arrivals. There waa'also ausoe demand for stor
age and under grades. . Receipts for the weak
show a gain and dealers' stocks increased. The
market 'closed weak .with indie tyms of low.-
pricea."
Those dealrtng special information regarding
feay market should write the Market Editor, ea
t dosing stamp for reply.
XGO MARKET IS HOLD I27G WELl
With most of the egg buying around 27 J
27 H c a down for current receipts, although
aa low as 26c is' reported, the situatioa here is
considered fully steady. The clique baa been
exposed and it can ao longer purchase below
the market, .n witU the aid of other . iVrt
. land papers, '.:.... . -
COCTfTHY MEATS SELLING GOOD
Terr 'air demand is showing in the market
for country killed calms, with the bulk of .the
sales of tops around 19c a pound. 'or fancy
lightweight hogs tha market is steady to firmer.
POTATO MARKET IS &TILL DULL
IuU tone continue fug potatoes, although the
movement is still fair. 'Seed requirements ap
pear to be considerable because of the low
prices. Home sections are reported as cleaning
up. , Ouioas stagnant. - t
APPLE SITUATION IB 'SLOWER
Blower trade is shown for apples along the
street. In spots the market ia slightly weaker
and in instances sales are reported 10c to 2oe
a bez below the figures of a week ago. , '
OSWEGO BROCCOLI IS SELECTED
Unusual interest ia shown in offerings of Os
- wego broccoli in the local trade. While the
H-jseburg stock is considered real good, the Os
" wego offerings are so far superior that the price
premium is still being maintained.
BRIEF NOTE8F PRODUCE TRADE
Orange market is firmer arid costa are higher.
Carload mixed vegetables in from Calif ocnia.
Local hothouse cucumber are quoted firm at
,S to $4 a dosen. -,"',''
- -Poultry situation ia unchanged, both ia price
gad tone. ; - .
Mexican tomatoes of quality selling at 94.00
: tto $4.50 repacked. .
WHOLESALE PRICES IX PORTLAND
. These are fprleea retailtrs pay wholesalers, ex
cept aa otherwise noted:
Dairy Products
BUTTER -J-Belling price, box lots: Cresm
ery, '.extra, '- parchment wrapped.-" 6e per lb.
Jobbing prieefl: Cubes, extras, 61fe5-c per lb.;
dairy, buying price, 2"c per lb. ' . , '
BUTTERPaT Portland delivery basis No. I
grade. 43c; hio 2, 60c; country stations. . 49
0c per lb.
CHtESK Selling price: Tillamook, fresh
Ore on fanerii triplets, S6e per lb.; Young Amer
icas. 87c lb.tr Prices to jobbers,-f. o. b. Till
mook. Triplets, 83c; Young Americas, 84c
Belling priced Block Swiss, 8H40e; limburger,
388e lb. cream brick. 36 1 38c .per lb.
1 ..... . it .. ....... I 'nr.vnr mr.iniR.
26 m 27 Ho Aoxen: candled, selling price. 2m.
0j pvr doaAi; select. Bl&SZc per damn.
L1VK roijLTKT Selling price: Heavy hens.
saw sue la.i ugnt nana, otoit per ui. , vi
roc-lew, 146 per lb.; turkey. 4Uo per lb.;
dressed. 4055o Pr lb.; ducks, 85fe40e lb.
arts Vegetables and Fruit
FRESH FJtUIT Oranges. 88.00 5.25 box;
h.n.n.. ID. n. r rh ; lemons. 83.80 f 4.50 per
ease. -grapefruit, Florida. 87.23 tt.OO; Arizona,
85 00 8 OOU Califtmiia, 88.00 4.00. -AIV4I.KS--8125S.OO.
.
liiOJuli li'Ul ITS - Dates, 85.03fl.85;
fsrdf. 83.5 8 3.75 per box; figs. 8.00
IS 50. f -
ONIONS-Selling price to reUilen: Lecai,
81.25; garUt. I5,c; green onions. 40c per doses
. buiiehee. f
POTATOES Selling price to retailere. Ore
gou fancy, t L00 1.25; sweeU. lenn., 83.60
i hamper. :
VfcXilSTABU;' Tnrnip. BsvSO per sack;
carroU. Sl.ftO; beeta, 82.00; lettuce, 83 50
3.75 per cr&te; egg plant. SSe; broccoli 32 00
(eS.00; beH peppers, 40e lb.; celery, 1 25 gJ
1.60 dfen:, Hubbard squash. 2l2Vs6 lb.; rbu
barti, hothouse, 20e lb.; Mexico tomatoes. 34.50
9 V.W AH.fT '
Meart and Preelalons
COINTHI MEATS Selling pneer wuntry
i bogs, 16e J per lb. for top blockers, about
125 to 16 lbs.:- heavy stuff lower; veal, top,
S4 to 110 lbs.. 19c: heavy stuff -lees.
8MOKK1J MEATS Hams, 300830 per lb.;
breakfaxt btfeon, 28 49c.
UAB1) - Kettle rendered,, 21 He lb.; tierce
baaia, compound. IS He
a suri aJMi Shellflsii
FRRSH "18H Steelhead. 2ti27e per lb.;
Chinook. 26 2 So lb.; haUbut. frh. 17
20; sturgeon, ) t bUck eod, ll12e; kip
pered selmcm., J.LS0 per 10 lb. basket; kippered
eod, 12.85; ratnr clams, ( ) erabe, 83.76 9
3.75 dneen;- tang cod, 6&7a lb.: Columbia
smelt. 81 50 box.
OTSTEHS Eastern, per gallon, 85.00;
Otympia, 85.50. . a
'5 OreceHat
SUGAR 8 Refinery badia: Cube. S10.50;
fruit and berry, 88.75; 1 yellow. $8.15; bet
rrsrvntated,P 88.88; extra C. 87.55; Uoklea C,
8HOKEt! Permease. $7.T5 8.00; bulk. 18o
per lb. - I -
RICK Japan style No. 1, 5H ?c; Blue
Rose. TH f c per lb.; New Orleans bead. 10c.
COi'r tS Boasted. 19 31c. in sacks or
drum. li
SAL.T Coarse, half ground, 100s. $17.25
per ton: 50-. $17.85; table dairy. 50s. 827.25;
bates, $3 i0 4.00; fancy, table and dairy,
$34 50 hi mp rock, $28.50, per ton.
' BEANS' - Sales by jobbers; Small white.
.5 He lb. targe white, 6 He; pink. 7 He per lb.;
limas, 814 c; bayou, HHe: reds, 7 Vie; Oregon
beans." bnying prices nominal;
CANNFJl MII-K Carnation, $$.00; Borden,
$8,007 Aator, $5.80; Kagle, $11.60; Libby.
$5.0 alount Vernon, $5.90 per case. -
SODA CRACKERS In bulk. 17c per lb.
, - NUTS -Walnut, SSo per lb.; almonds. 27c:
filberts, 32c in sack lota; peanuts, 14 H 49) 1 5c;
. pecans, 25e; Brsxils,. SSe. .
1 Rope. Paints. Otis
. ROPK-r dark, 14c; white, 18o per lb.;
standard Manila, 20 He. s '
UN8KKIJ OIL Ksw. bbls., 99e gal: ket
tle boiled, bbh., $1.01; raw, caaea, $1.14;
boiled, eases. $1.18 per gallon.
COAL OIL Pearl or water white, in drums
or iroa barrels. 17 He gallon; caees, 80o per
. gallon. s "
GASOLINE -. Iroa barrels, 29c; - eases,
41 He tt gallon. " .
' W HITK LEAD Toa lots. 12 X c: 600 lbs.,
13c per Jb.
TURPENTINE Tanks. 09c; cases. $1.14;
- 10 case lots, lc less. ;
- i -Nop. Wool end Hides 1
HOPS-n-Nominat 1920 crop, 17 22e. !
r HIDKS Calfskin. 10 0 12c; Iruia, 8 9e;
green hides, .5 8o per lb.
MOHAIR Ixing, 25c; short, 15c.
TALLOW AND GREASE So. I UUow. Be;
JJo. 2, 4c. -
CASTARA BARK New. 8c lb.
' WOOli Willamette valley, coarse. 10e; me-
dlum. 20c; fine. 20c per lb.; Eastern Oregon
Idaho. 15 20c per lb. -
v m t-
Sew Tork Metal Market
New Tork, March I. L N. 8.); Copper
ini'i b(h ana jaarca, oizcrea. April, of
fered, 12 ,-
Led Dull ; spot, if arch and April, offered.
.4.02. i -. ... ...... ..... ,. .
bpelter - Dull ; spot and March, offered. 4.83.
n
lMAIVICET
BASKET
RJTA1L PRXLS. .
Br M;nu H. Cones
Extra fancy celery li now coming to
Portland from the Mexican border line
and the trade considers this the best
stock that has reached retailers for
many months. As there are rather fair
supplies now available, prices are unusu
ally favorable to, the - consumer. The
San Diego stock is. i somewhat . better
than that beingr offered from Los An
geles and while it . cost a trifle more
per crate, the price to the consumer is
practically the same. ; ; j
Spinach is now being- offered In quite1
liberal supply from California, "Walla
Walla and from local places. All the
Stock is at present of very rood quality
and prices are slightly lower.
Fgg are now going into storage and
consumers.: will miss something if they
neglect to put away a few Jars for their
winter's use. y : -f-v
It looks like the . very low priced
orange period is about over. There Is
still time to get v box at the' low figures.
The following nrlrea, ruled generally la retail
shops for goodrsJuality. Some values are frac
tionally higher, Inferior staff fractionally lower:
Butter Freah creamery, e25c : -
Egg Fresh laid, extra, 85 87 He per doe.
Poultry Chickens, dressed, 88 40c lb.
Fiah Salmon. 85c per lb. ; halibut, SOe per
lb. ; Columbia rirer smelt, 4 lbs. for 25c.
- Flour Best local patent, $2.70 2.85 per
sack. 49 4bs. ':-.
Potatoes Barbanks. $1.23 L50 per sack.
Onions 1 H 2c per lb.
Maximum prices on the Portland public mar
ket: Cabbage, 2c lb.; cauliflower, 20e bead;
carrots, 2o lb.; celery, 1 3c head; eelery hearts,
15c; onions, 2c lb.; parsnips, 2c lb.; sqoash, 2o
lb. ; turnip. Sc lb. ; potatoen, 1 He per lb. ; dry
beans. 7e lb. ; prunes. .10 6 12 He lb.; comb
honey, 40c lb. ; bulk honey, auart, Oe; pint,
47c; ducks, SOe lb.; geeM 4 6e lb. ; cottage
cheese, 20e lb.; bens, 83 35c lb.; fryers, Stic
lb.; eggs, 85c dozen; butter, 60c lb.; milk, 18c
quart. , . ' . - .. i .:
Wheat Is Mixed
In Chicago Pit;
Tone Is Erratic
Chicago,- Mar. i N. S.) Grains
closed strong and higher. 'A rally took
place shortly before the close-and early
sellers were -forced to cover. Reports
that the winter wheat crop is in need
of moisture ruled a strengthening factor
in the deferred- wheat .delivery while
March wheat displayed lees strength, due
to slow export business and estimates
that 193,000,000 bushels wheat remain on
the farms. i ;-
Provisions ruled firm, v
Closing prices : for March wheat were
unchanged to 4c higher. May advaned
l4c. May corn gained to TV and
Jul Ho up. May oats were e Up and
July U to c advance, --r
- ' ; v .v." s f - .; -.'
Chicago, March f, 1. I. N. 1 S.) Wheat
started today H e ? lower for March and un
changed to M c higher for May, with e very
light trade. Belling waa by local profeaainaals
and eommissioiKjiouses bought. .
Corn trade was low. mated and featureless.
The market opened unchanged to He higher for
May anrl unchanged for Jely. : ,
- BijngJerby a easb house featured the
opening in oata . The market was up e to He.
- . Provisioas started higher, reflectirig aa ad
vance in bogs.. ' ,
Chicago range by I'nited Press
March
May
Ma .
16H
156 H
. 7
71 H
4t
46
2160 ,
1227 i '
1273 . '
1175
1210
141 H
1 rlt H
Vl5
' 155 H
68 H
. 70
44 H
45 H
2160
1684
158
69H
714
45 H
46 H
2182
1250 i'
1285 1190
J230
t414
125 H
158 i
CORN
69 H
71
OATS
45 H
4H
PORK
2182
LARD
1250
1285
RIBS
1190
12S0 -KYE
July .,
Uur . .
July ..
May" . ,
VI a v
1227 '
1275
1175
120Q
140 H
1244
July .;
May ,
July .
Mav -
141
125 H
July
123 H
t'ash Rarlev S (m 85
Cash. Wheat No. 1 red, $1.78 H ;
$1.76 H : K 2 hard, $1.71; No.
$1.60; No. S bard, 81.68H. '
N o. 2 red.
,3 spring.
AMERICAN LIVESTOCK PRICES
Chleag CHoga $10.85
Chicago, March 1. (L N .8.) Hogg Re
ceipts,' 27,000; 25e to S5c higher. Bulk. 89.70
10.70; top, 10.85; heavyweight, $9.70 s
10:10; medium weight, $9.90 1 10.79: light
weight. $10.50 010.85; light lights, $10.80 fc
10.85; heavy packing sows, smooth, $8.60 W
9.50; packing sows, rough, $8.25 6 8.80; pigs,
$.S10.T5. .
t attle Receipts. 10,000; steady and weak.
Beef Steers Choice and prime, $10.25 i
11.00; medium and good. . $8.75 10.25; good
and "choice, $9.65 10.75; common and me
dium, $7.75 W 9.65. Butcher -Cattle Heifer.
$6.A0jM0.e0; cow, $5.0038.25; bulls. $5.00
7.25. Canners and Cutters Cows and heif
ers. $2.75 5.00; canner steers, $4.25 6.00;
veal calves (right end handy weight!, $10.00
13.25; feeder steers, 7.2i 9.00; stacker
steers, $9.00 8.25; stacker cows and heifers,
$4.60 6.25. J ..." . T t
Sheep Receipts. 17,000; steady. Lambs
(84 Vox. down),, $9.10011.25; lamba (85 lbs.
up), $9.00 11. 00 ;j lambs (culls' and common),
$7.2508.75;4 yesrlftig wethers, 87.2509.75;
ewes, 33.5007.23; "ewes (culls and common),
32.5004.50;; feeder lambs, $7.2508.75.
Kansas Oity Hoes $10.00 .
Kanaaa City, March 1. (L-N. S. Catfte;
Receipt. 7000; active. Steers, $8.75010.00;
cowi and heifers, $5.75 8-60 ; stackers and
feeders. $6.0009.00; eafvea, $7.50012.00.
Hogs Receipts. 13,000; Slow. Balk. $9.10
00.85; top. $10.00; heavies. $9.O09.5O;
lights $9.60 0 9.95; mediums. $9.60 019.00.
Sheep Receipts, 7000; steady. Lambs,
$10.00010.75; ewes, $6.0006.25. ,
Denver Host $8.8
Denver. ,March 1. (U. P.) Cattle: Re
ceipts. 500; higher. . Steers, $9.00 010.00;
cows and heifers, $4.75 0 6.50; stockers and
feeders, $5.5007.50: calve. $ 10.00 0 12.50.
Hog Receipt. 2400; 10 0150 higher. Top,
$9.53; bulk. $8.809.45. .
Sheep Receipts, 8700;? 2 5e higher. Lambs,
$8.7509.73: ewes, $4.7505.75.
Omaha Hoes S9.7S
: South Omaha, March 1. (L N. S.) -Hogs
- Receipts, 15,000; few early sales Joe higher,
mostly sctive and 15c to 25c higher. Bulk,
$9.0009.60; top. $9 75. .
Cattle Receipts, 5800. Beef ateera, steady
to strong. Top, $10.00; botcher stock, eteady
to 81.25 : higher; veals,' stockers and feeders,
steady to strong. '
. Sheep Receipts. 12,500. Killing grade,
strong to 25c higher; top lanjbs, $10.50; few
feeder here.'.. I . . . ..
DAIRY PRODUCE OF. THE COAST
an Feeneiaee as ark
" San Francisco. March 1. (U. P.) Butter
Extras,. 47 Ho i
Eggs Extras, 88 He: extra firsts, 37 He:
firsts, 84 He: extra pullets, 83c; undersixed
pullets. 32 He. -
Che sss California ' flats fancy, 2$ Ho.
Los Anodes Market '
Los Angeles. March 1. It. S. 8. Butter
48c. . i
- Eggs Extras, ! 82c; case count, SOe; pul
lets. 30c . ' ,
SeaAUe Market J
Seattle, March 1. (U. P. ) Eggs Freeh
ranch. 84 0 Bike: pullets, "(9 0 80c
Butter
-55 0 56c.
LlTerpooI Cottoa Steady -
- Liverpool. March 1. (L N. S.) Spot cot
ton wsa in better demand todar. Pricea: ware
steady. Sales 9000 bales, including SOOfLalea
late yesterday, amn. mids., lv.zg; good-Btids.,
7.92; fuU mids. f.32; middling 6,57; low
mida, 6.42; good ordinary. 4.17; ordinary, 3.17.
Futures opened irregular.
"Sew Terk Wool aad Hides
New York, March 1. (L N. M. ) Wool
Market steady. -. Dorneatie fleeee, XX Ohio, 24
045: domestic, . pulled scoured baaia, 18075c;
domestic, Texas scoured basis, 40 0 80c; terri
torv staple, sroured. 56 0 90c
Hides Market easy. Ji alive gtaert, 12c;
prendea steen. iohc. , .
Ckleage Potato Market
Chlcaen. March l. (L N. S Pacat
Receipt 60 cars; Northern White, sack, 31.20 0
mix, fUiisiiu. aiinmeot.a
Eerly Ohioa. $1.30. -
' Saa Fraaciaco sarley Market
' Saa Francibce. March 1. (U, P.) Barley
spot feed, per oenul. $1.20 01.40; ahippuig.
$1.50 01.60. -i .
WHEAT PRICE IS
.TOO LOW LOCALLY
WHEAT IS USCHASGEO
While strength was shown In Chicago
values at the closing, uie price of wheat
bid on the Portland Merchants Ex
change was unchanged Tuesday. .
v Chicago reported two . cargoes of Pa4
cfio coast wheat sold to Germany. ;
r -. NORTHWEST GRAIN RECEIPTS '' '
(Reported by Portland Merchant Excbange.1
Wbeet.Barlcy.Fkmr.Oata. Hay
Portland, - Tue - - 4 1 , . ... ,v, . 4 - 1 . jl
t Year ago 84 10 2 3
Season to date... 12043 196 573 396 1777
! Year ago 6440 169 3040 409 1400
Taeoma. llon..,.fc .34 ... 5 ... t 7
- Tear ago ,.... 54 ... f 82 - 2 ....
Season to dato... 3514 4T 702 101 718
Year ago ..... 6498 72 2121 150 690
Seattle.. Moa. 44 2 .... ... j.a
Year ago ..... 12 '. : . . 4 2 .. . i
Season to date... S846 184 274 815 1125
Year ago ..... 4821 230 ,574 691 1084
Astoria, f to date. ,818 2 i 66 , .24 57
-Year ago 937 . S .... , S ,50
r Wheat market price In this country
has been put to an extremely low basis ;
in fact, quality considered. It Is the low
est market in the world, despite all talk
to the contrary. - , s ; i ; ?;
The work of the . international elique in de
most successful, inasmuch aa the price has been
most successful, inasmuch as the price bas ben
forced down to bedrock snd even below the
Argentine values, quality considered.
' Buenos Aires reported cash wheat selling
there e. L f. Europe at about $2 'per 'bushel,
while gulf wheat of better quality is quoted
down, around $2.01. The fact develop that the
Argentine quotation of $2 i not an established
one and little etock waa' offered at that..
Considering thia the Portland and other Pa
cific . Northwest wheat quotation has been de
pressed entirely too far, as values here are cor
respondingly lower than the Earn. i
With tax day here and : nolonger any worry
over the payment, aome activity may be expected
in the market. A featnre -which' tends to hold
back export wheat buying here is that not a
single ship is available for loading here. The
three ships in - the harbor are ail loaded and
considerable gnio - is . on. the. docks awaiting
transportation. - - "
FLOUR Sellwig price mjn' door: Patent,
$9.80; Montana spring wheat, $9.69; Willamette
valley brands, $8.65; local straight, $8.30;
bakers' local, $9.00; , graham, -. $8.00; whole
wheat, $8.20. Price for cii delJTeriea. IBe
extra; suburban. 20o extra. - . i
HAY - Buying price, aomtnal. Willamette
timothy, fancy. $25.00 027.00 per ton; clover.
$19.00; straw. $13.00014.00; alfalfa. $20.00
0 21.00 per ton.
GRAIN SACKS Nominal. No. 1 Calcutta.
10c; domestic, 11c. in car lots; less amounts
higher. : ' . .
MILLS TV FFS Mill run at mlB. sacked, too
lots. $33.00; carloads, $32.00.
OATS Per ton, buying price: Feed. $33.00
0 $85.00.
BARLEY Buying price: Feed. I $31,00 0
$32.00; muling. $33.00. ,
SEED Bnying " price, nominal ;. no demand.
Red clover, recleaaed, (' ) per lb.; alsike, t );
vetch, ( . - - ,
, FEEDSTUFFS F. O. B. mills: Rolled bar
ley. $41.0; whole barley. $38.00; alfalfa meal,
$30.00; e'ocopnut meal.' $30.00; cracked corn,
$43.00; whole corn, $39 00 ton; scratch .feed,
$56.00; soy been meal, $55.00 per ton.
Merchants exchange bids:
WHEAT
March
April
Hard white 190
Soft white ., 148
White club 148
Hard winter 185
Northern spring ............. 185
Red Walla ...i. . . . ...i .133
FEED. OATS
ISO
149
i 150
136
137
) 133
; '3450
3300
i 8250
i 3100
8150
8150
No. -.2 white i.. ....... .i.S.400
Jo; 2 gray .... : ...3300
, BARLEY
Brewing .8250
Feed 3100
CORN
Net 3 eastern (bulk) ......... 3150
No. 3 local (bulk) 3150
Broomliall Report .
jU Of Grain Crops
Austria Late reports mention some : frost
damage, . v
Hungary The conditions of the '-winter grains
is good, but acreage to wheat showa a decrease
from 19 to 15 per cent, A full acreage of other
crops, is expected.
Australia The qualities . of the wheat are
mostly fooeW but it is true many samples ef the
wheat shpwr the effects of stormy harvest, and
there bas been occasional mention of smut.
India Further light, partial rain have fallen
in tha center and should be beneficial. More
moisture would be welcome.
Italy The condition of the wheat is favor
able, but the acreage is short. -
Spain and North Africa AgricuWriral coridi
tiens of wheat generally be regarded as satis
factory. United Kingdom Arrivals of wheat are still
very light and atocks ate still decreasing. The
I'nited Kingdom again-taken the larger share of
the ahipmenta to Europe. Continental buying
has been rather slow and present crop prospects
and supplies are regarded as favorable.
Germany Dry, cold weather is being experi
enced. Winter crops of gram generally aatis
factory. Plowing, progressing actively.
STROJfGTOXE IX COTTOX
- FOLLOWED BT A REACTION
NeW York.. March 1. (I. N. 8. ) Strong
cables from Liverpool prompted S heavy cover
ing movement on the cotton market at the atart
this morning and prices moved up SO to 33
points. Later there was a reaction of about
30 points under southern selling. Local senti
ment appeared, to be more reactionary on the
theory that the short interest was buying and
that a further recovery might be expected unles
checked by offerings from the South.
Wall street and local bnying orders caused an
Upturn, of about 30 points in the late afternoon.
The - clone was very steady at a net advance of
82 to 47 points.
Spot cotton was steady today, 40 points high
er at ii.no. no sales.
v. OWf-n.
January .,.....-127 1
March .1 1 4 3
High.
1282
1150
Low.
1250
1100
Close.
1277
1133
1153
1174
1192
1217
1228
1233
1258
1265
1273
April ,..,.....
June ..........
.1200 1200 1132
juiy ......,.
August ........
September , . . . ,
October .......
November ......
December .....
1330
1240 i 1175
.1280 1283 , 1220
Ii285 1290 iiio;
POTATOES ALOSTG TILE ' COAST
5 Seattle Market'' .. - '
Seattle. March 1. U. P. Potatoes-
Yakima Clems. $33: locals, I17P22. ,
San Francisco Market '
Ban Francisco. Msrch 1 -(U. P.) River
white, $1.7502.23; Salinas, $2.8503.00;
sweets. $6.75 0 7.00. ;
Onions Australian brown, " 7 5 0 90c.
- - - - Los Angola Market - ' '
Loa Angeles. March 1. (I. N. S. ) Potato
Stockton Burbanks, poor, $1.75 0 2 00; best,
$2.2602.85; Idaho Russets, mostly $1,600
2 00; local White Rose, 80 090c per his, $2.00
0 3.26 sack; new stock, 17 0 20c lb.
Chicago Dairy Produce
Chicago, March 1. (I. N, 8.) .Bntter Re
ceipts, e.304 tubs; creamery, extras, 63c; firsts,
44 d 51 He: packing stock, 18c.
Eggs Receipts,. 22778 eaws; current ' re
ceipt. 32 He; firsts. SSHe; checks, 29030c;
dime. 30 0 31c. '
- Cheese Twins, new, . 27 M 02Re: t daisies,
28 0 28 He; Young America. 26 0 26 He; Long
aoraa. 27 0 27 He: brick. 21 He.
Live pnultrr Turkey. 40c; chickens. -31e;
springs. 32c; -roasters. 82c; geese. 24e; ducks,
36c . ; . ;.. . . i ; j-
,.-,-.W.--.L ''- '' ci----"
- . . Mlnneapolis-Duluth Flax
' Duluth. .Minn., March 1. (L N. 8.) Flax:
May. 183: July, 187; track and arrive, 178.
Minneapolis. March 1. Max: May, 183;
July. 185 H : track and arrive, 179 H 0 18H.
Xew fork Potato Market ;
New York, March 1. -I. !. B. ) -Potatoes
(in bulk, barrel or hag) Market weak. Nearby
white. $1.5003.00; Bermudas, $6.00 0 9.50.
Butter Will Drop
4 Cents ; a Pound
WedneMay'Morn
Batter aad batterfat prices will
drop 4e a poaad la the Portlaad
market effective Wednesday moraine-.
This means an extreme selling
price ef SSe for print batter. Butter,
fat valaes will be down to 4e a
pound for So. "I . Portland delirery.
HOGS ARE STRONG
IN M0ST1LEYS
-TUESDAY LIVESTOCK PRICES
Hog.
...$ii.es
.... lJi.
.,. .75
.... i
.... 109
Steer. Lambs.
8.0$ . $ 8.0$
Portland . ....
Chicago ......
Omaha .......
Beaver
Kaasat City ,.
11.80
1$.O0
1$.$
!.$$ .
1$JS
1$.6$
S t.7
10.7
PORTLAND LIVESTOCK BtTX
Hon. Cattle. Calve. Sheoa. Cars.
Taesday .. . ... . ,; 88 ' . . . : ... ' . , .., . , -li
Week ago ..... Noa a " .,
2 week aso .... ... : 841. S
4 weeks ago. . . 100 . ... ... -218 1 -
Year ago ...... 1 Nona .
2 years ago. . . . 885 28 ..... . B
3 years ago. ...1073 63 ...... '.11
4 years ago. . . . 187 66 ; , . . 10 4
There was " only one load of new ar
rivals in the North Portland alleys for
Tuesday and ; that was a small load.
Pricea in general showed practically no
changes.
One small load of bogs came forward for the
Tuesday anarket and this was received with much
favor by the trade. All through the country
there was a liberal degree of- strength in the bog
alleys Tuesday, but there was scarcely enough
stuff available at North Portland to give prices
$ thorough test ?
Lata in the day 12 loads of hogs came from
the East direct to packers. s--
The somemfaat mixed condition of the- trade
here is indicated by tbe fact that on Monday
hogs that sold down to $11.85 were considered
as good, if not better, stock than what brought
the extreme of $11.50 011.65, It is therefore
considered that the general top" of the market
is continued at $11.35 and an' extreme of
$11. SO is still quoted in a nominal way.
General hog market aange:. .
Prime light ..$11.00 011.65
Smooth heavy .............. 10.50011.00
Rough heavy 6.500 9.50
Fat pigs 10.00011.00
Feeder pigs 10.00 11.00
Cattle Demand Steady
Market for cattle appears to have a shewing
of steadiness generally at North Portland, al
though no new carload arrivals were shown for
Tuesday. The position of the dairy calf market
continues-to reflect improvement and sentiment
has forced additional price advances ia that
line for the limited offerings.
oenerai cattle marxet range: -Choice
steers ...............$
Medium to good steers........
Fair-to good ateera .........
Common to fair steers ........
Choice cow and heifers
Medium to good cow and heifers
7.50 0 8.00
6.T5 0 7.50
6.00 0 .6.75
6.00
6.00
8.76
6.00
6.50
6.00
4.00
6.00
6.00
6.0 0
6.500
5.OO0
-4.OO0
Fair to medium cows and heifers
Common cows and heifers .....
Canner .............. ....K
Bulla ........
Choice feeders ..............
2.00 0
3.60 0
5.60 0
6.00 0
Fair to good feeders . . .
Choice dairy calves ...
Primf light' daire calves.
Medium light dairy calves
Heavy dairy calves ....
6.60
12.60 013.50
11.50012.50
. 8.50 01 1.50
6.00 0 7.50
Sheep Position Holds
Lack of arrivals was likewise shown in the
sheep and lamb alleys at North Portland Tues
day. - (General opinion of the trade was for a
steady market at reported values. .
General sheep market range:
East of mountain lamb. ,....$ 7.500 8.00
Willamette vaileyi lambs...... 6.50 0 7.00
Heavy lamba .. I ........... 6 60 W 7.00
Feeder lambs .. 1. ......... . 5.500 6.50
Light yearlings ,. 6.50 0 7.00
Heavy yearlings ; . .. ........ . 5.50 0 6.60
Wether ...... 6.000 6.00
Cull lambs . . . . 4.00 0 6.00
Ewes ... 1.60 0 6.00
Monday Afternoon Sales -
No. Ave. lbs. Price. No. Ave. lbs. Price.
3.,.. 876 $ 6.25 - 6 . . . . 928 $ 6.75
2.... 993 5.65 4.... 807 6.23
8 885 6.25 1$... 785 6.85
12.... 924 6.35 26. ...1165 . 7.00
21,,.. 1090 6.25. 5. ...1012 6.25
11.... 8.75 30.... 975 8.75
23.... 898 6.25 25. ...1175 7.2$
26. ..1.1051 6.65 5.... 9611 6.73
21. ...1206 6.25 , 29. ...1164 7.75
24.... 1280 7.50 24.... 1281 7.511
4. ...1317 ,7.50 2. ...1160 ".50
20.... 1011 7,50 9.... 11 55 ... 6.50
10. ...1168 6.50 6.,,. 875 5 60
- 5.... 668 5.50 8.... 898 5.90
8....1225 5 90 3. ...1093?- 5.23
8.... 92T 5.25 6....1000 7.00
20.... 989 6.H5 20 1228 7.50
30, ...1010 ' 7.35 14.... 975 7.00
24,f... 875 8.60 25 .... 1146 8.00
22. . ..1034 . 7 25 2 . . . . 1025 6.50
25.... 944 6.00. 19.... 850 7.00
8... .1048 5.75
3 COWS
6. j.. 968 $ 5.60 2.... 940 8.00
2.... 890 3.00 8.... 1078 . 5.20
. 6.... 97$ 5.25 17. ...1075 6.00
'14. . ..1038 . 6.00 17.... 1004 5.75
807 5.00 2.... 955 2.75
2.... 56 5.50 5.... 924 5.75
24.... 950 5.85 11.... 087 6.50
7. ...1001 8.80 2. . . .1890 5.75
9.... 855 5.50 2.... 990 3.50
2.... 1060 6.00 6.... 858- 6.00
3.... 768 6.25 3 1063 '6.50
5. ...1066 7.00 2. ...1080 6.50
22. ...1020 6.50 2.... 900 6.80
31.... 880 6.50 .3. ...1123 8.00
10.... 944 4.75 .3 . 996 5.50
2. ...1150 4.85 11.... 967 4.75
CALVES
1.... 140 $12.50 1.... 180 $13.50
2.... 1-40 13.50 2.... 205 9.50
6.... 215 10.00 6.... 126 12.50
4.... 235 11.00 1.,.. 880 11.00
6.... 18 12.50 1.... 400 6.50
1.... 178 13.50 4..,. 215 12.00
2.... 140 12.00 1.... 170 12.00
10.... 432 6.00 T2..... 160 8.00
BCTLsLS
1....1470 $ 4.60 1....1530 $ 6.50
1. -...1810 5.60 1....1150 4.00
1... 11420 5.00 1... .2170 5.00
tl....f660 4.00 1....1S50 5.00
1....1830 i. 5 50 1....1720 4.50
1....1570 4.75 1....2110' ; 6.00
1 . . . . 840 5.00 .
MIXED V
6... .1148 $ 6.25 7.... 440 $ 6.00
. 2. ...-795- 3.50 - T, . . . 474 6.60
6.... 721 6..00 62.... 672 -6.23
HOGS
1.... 330 $ 9.85 20.... 204 $11.35
2.... 275 11.00 40..,. 281 -11.85
2.... 440 9.35 1.... 630 9.85
2.... 430 9.85 19.... 228 11 55
58.... 181 11.33 S.... 495 9.85
9..,. 282 10.OO 81.... 180 11.60
1 190 11.65 16 241 ' ll.OO
15 280 10.50 15..,. 174t 11.25
15.... 278 ' 10.75 3.... 240 11.85
15.. . . 243 11.00, 17.... 198 11.85
2. 220, 10.50 18. ... 225 11.00
.... 167 11.85 2.... 355 9.35
11.... 225 11.0O ,... 290 . 9.00
1.... 310 10.75 6?... 172 11.85
8.... 166 11.85 14. ... 801 10.50
2...V 215 11.25 1.... 870 8.50
7.... 877 10.50 4.... 260 10.75
9.... 228 11.25 283 11.00
1.... 240 11.85
LAMBS
24R.... 67 $ 6.75 248 .-i '. . '" TO $ 6.75
252.... 80 7.50 246.,.. 84 , 7,50
61.... 5 6.50 .217 74 8.00
Tuesday Morning
Price. No. Av. Lb.
No. Av. Lbs.
1....' 760
Price.
COWS
$ 5.50 1.... 830 $ 1.50
HOGS.
214 $11.00 I 2.... 290-$10.75
FOREioar exchange rates
Corrected dally by the foreign exchange de
partment of the I'nited States National bank.
Quotations below, except the pound sterling,
are quoted oo the basis of 100 units foreign
currency.
Opening nominal rates on bank
transactions :
Par
Draft Cable
London Checks. Transfers.
Lb, sterling. $ 3.87 H $ S.88
Value.
$ 4. 866
19.30
23.81
19.80
19.30
Pans rra nc.
Berlin Marka
(Jenoe Lire .'
Athens
- Drachmas -Corjenhaaen
.
7.20H 7.21 H
. 1.63 1.63
3.64 H 3.65
T.50 7.60
17.80 17.90
1T.O0 17.10
22.33 22.43 -
47.25 47.TS
48.60 48.76
62.00 82.30
Kroner .... 17.80 17.90 26.70
Qinatamia
Kroner .... 1T.O0 17.10 26.70
Stockholm
Kroner 22.33 22.43 - 26.7.
Hongkong
Currency
Japan Yen'
Shanghai.
Tariff Is to Be
Added to Sugar
: Price of Nation
Sugar refiners have notified whole
sale grocers that the price of sugar
will be subject to the proposed new
tariff which passed Monday night,
but has not been signed by the gov
ernment. This means that if the
tariff bill; becomes a law the public
will pay the additional - price for
sugar and other products.
SMALL CHANGES
IN EARLY TRADE
New Tork. March. 1.L; N. S.) The
stock market closed irregular today. IT;
S. Steel held arqund 81.. General As
phalt made another new low for the day
in the last, few minutes, falling to 554,
a net loss of, 9 points. Atlantic Ouhf
from it early low of 38 recovered to
.'. ' - '
Crucible after selling up to 95 fell to
93 and then recovered to 94. v'
" Mexican Petroleum rose 2 points from
the low to -166 and Royal Dutch moved
up nearly 2 points to 59. f, Reading ral
lied fromi72;to 72.
Government bonds unchanged ; railway
and -other bonds steady. V
. .Total sales - of stocks for today were
662,000 shares; bonds $8,938,000.
; There was k good improvement to the market
tone around, noon, when many stocks were ia de
mand after. 'the; sharp rlsrlinne ia some issnea
in the forenoon. ". .
Amerieau Woolen was active and strong, mow
ing up over 2 points to 63 H , following the pub
lication - of tbe annual report. Pennsylvania
R. R was 'in- supply and Norfolk A Western
dropped 2 points to 97 H, while Northern Pa
cific, after falling 2 points to 80 H . rallied to
81. General Asphalt was weak througheut the
forenoon, falling nearly, 5 point to 69, fol
lowed by a rally to 60 H.
Reading showed a steady tone, moving up
from 72 H to 72. U. S. Steel held around
8154.
' Furrushcd by Overbeck A Cooke Co.,
f Trade building: '
.Board
STOCK .
1 High. Low, t Bid.
.1 48 HI' 46HI 48H
, 27 H 27 27 H
. ..... ..... 1H
1H
. 85 H 85 $5H
. 49 48 48
. 64 64 54 H
. 29 H 29 29
. 128 i23
. 112
. ..... ..... 21H
e e"" a ' a" i
. 44 43 44
. 8
. 45 44 44
. 47 - -46 46
. 86 H. 85 85
. 10 9 9
. 41 41 ; , 41
. 101 101 101 -
. SO H SO 29
. 92 91 91
. 88 86 H 86
. 100 H 100 100
. 120H 119 119H
63 61 03
. 8
,. 88 38 88
. 98
. 82 81H 81
. 42 88 42
.. 89 87 86
.34 S3 33 H
8
. 57 $6 56
. 11 11 11H
.... 4
........... 12
. 14 14 14
. 61 t 60 60
. 40 40 40
. 114 114 114H
. 38 87 38 H
. 27H 27 27
. 68 67 68
. 87 66 66
. . S ' - . . ; . . 8
. 11 11 11
. 21H 21 1
. . 27 H 27 57
. 59 69 159 :
.. ..... ..... 28
.. ..... ..... 82
69
. 82 80 H 80 H
. 70 69 H 70
. 29 28 H 28
. 27 26 28
. 5 91 94
. 24 23 23
. 83 82 32
.11. 1
. ..... .. ;. 60
,, 43 13 . 13 :
. 67 65 66
". Y.W. 14
2 2 2
. ..... ... . . 62
. 180H 180 130 H
. 18 13 13H
. 64 55 65
.. 37 36 186
. ..... ..... 86
. 29
. 75 74 74
. ..... ..... 21
31
. IS IS lis
. 69 V 67 67
. 39 88 89
,. 18 17 17
.. 16 15 15
i 54 54 64
. 63 62 62
5
. 157 174 166
. 18 17 17
.. 13 13 13
. 30 29 30"
. ..... ..... 2
. ..... ..... 18
. ..... . 17
. ..... ..... 61
v ...... 70
, i. . 10
. 19 19 19
. 09 97 97
. 82 79 79
. . .... . 86
. 84 84 84
. 71 70 70
. S 8
16
.14 IS 14 ,
. 82 81 81
47
.. 74 73 78
. 89 88 88 H
. 88 87 87
. 18 17 17
. S3 83 82
. 33 88 88
.26 26 26
,. 11 10 10
. . 58 57 58
. 28 28 28
, . .......... 90
. . 105 104 104
.. 3S 12 12
.. 7$ 72 72
,.."....'' 27
. . 66 - 65 68
. - 48
, . 76 76 76
,. 21 21 21
.. 21 21 21 .
, . S3 $2 S3
.- 68 68- 68
. .. . ... . . 102
., 8 7 7
.. 41 41 41
,. 26 23 25
. 53 58 54
, i . 8 8 8
.. 21 20 20
, . 120 119 120
., 29 29 29.
, . 94 98 93
.. 24 " 23 23
. . 102 101 102
. . 54 H 63 34
, 68 67 68
. , 66 64 66
, . . J .. . ..... 82
. 81 80 81
. 49 48 48
. 83 82 82
.84 88 83
. 61
, -. . . ,,; 7
..... ..... 61
. 29 28 - 27
i 86
s m m t t . Vw
. 10 9 9
i . ....... . 89
f -I... 41
X .1... I.".-. . . 81
, 111 111 111-
,.... 9
Agr. Chem.
Ajax Rubber
. i i . . .. i -
.
aiftua uubi . ,
Alaska Juneau
Allia-Cbalraers
Agn. Beet Sugar
Am. Bosch
Am, Can- Co. .........
Am. Car ec Fdy ....
Am. Car .A Fdy pfd..,.
Am. Cot. Oil . ".
Am. Drug Synd
Allied Chem. .
''.'....,
Am. Hide A leather. . .
Am. Intl Corp,..,.....
Am. . Linseed ....... . .
Am. Loco, ...........
Am. Ship eV Com. ......
Am. Smelter , .........
Am. Snuff ...........
Am. Steel Fdy.........
Am, Sugar ....... ; .
Am. Sumatra' ....
Ah. Tel. Tel,
Am. .: Tobacco ........
Asa. : Wool ...........
Am. Zinc ...........
Anaconda :...
Ased. OU ............
Atchison i . . . . . . . , ; .
AO. Gulf & W. L. . . . . .
Baldwin Loco. ........
Balto. A Ohio. .......
Beth. Motors .........
Beth. Steel B . ........
B. B. T............
Butte C. & Z
Butte Sup..,.....;.
Caddo Oil ...........
Calif. Packing ........
Calif. Pet ...........
Canadian Pacific ......
Cen. Leather ........
Cerro De Pasco .......
Chandler Motor .......
Chi. & N. W ......
Chicago Gt. W. . . . . . . .
Chile Copper .........
Chino i. ...... .......
C. M. St. P.
C. & O.
Colo. F. ft' L ........ .
Colo, Southern
Colo. Gas A Electric . , . ,
Cons, Gas ............
Com Products ........
Cosden OU . .........
ft R. I A P.
Crucible ............
Cuba Cane
Cuban' American Sugar. .
D. at R. G.
Krtdicott Johnson
Erie .
Famous Players i .
Fed. Ming, ft Smelt....
Fisk Tire ............
Gaston W'ma. ....... .-.
Gen. Cigars ..........
Gen. , Elec ..'....
Gan. Motor ;.....'..
Gen. Asphalt .........
Goodrich
Granby ..............
Great Nor. Ore.
Great Nor. pfd.
Greene Cananea
Gulf S. Steel ..
Hupp Motor . .
Houston Oil ...
Kelly-Springfield
Kennecott .....
Keystone Tire .
Lack. Steel
Lehigh Valley .
Maxwell Motor
Mex. Pet, ......
Miami . . . . . . . .
Middle States Oil
Midvale Steel ..
M. K. ft T.
Mont. Power , .
Mant. Ward . . .
Nat. Enamel ...
Nat. Iead
Nevada Con. . .
. . ...
'
New Haven
Norfolk ft W
e V e. a j.
Nor. Pao. .- ... .
Nova Scotia Steel . .
N. Y, Air Brake. . .
N. Y. Central .....
Okie. Prod. ref. ...
Ontario ft Western .
Otis Steel ........
Pacific Oil '...,. .
Pacific Gas ft Electri
Pan Amn. Pet. .....
Pennsylvania , .
Peoples Gas ......
Pere Marquette ...
Philadelphia Co. ...
Pure Oil 1 . . - , . . .
Pierce-Arrow . . ... . j
Pierce Oil .......
Pitt. ' Coal ..'.....'
Pitta, ft West Va.. .
Pressed Steel Car ..
Pullman , . .......
Ray Cons. .......
Reading . ........
Replogle Steel .
Republic L ft 8.
Sloss Shef.
South. Paeific .
South. Railway .
af a
St. L. ft S. F, ...,.,.
Btromberg Carb. ...... .
Studebaker . . ,-. . . . . i
Swift ft Co. . .........
Tenn. " Cop. ft Chem. . . . ,
Texas Oil ............
Texas Pacific C. ft 0,
Tobacco Product ......
Tran. Cont'l Oil .-.
I'nion Oil Del..
Union Pacific ..........
Fnited Alloy. .........
I'nited Drug "v.-. . . . .
United Food Prod. . . , .',
Tnited Fruit .... ,.-..
I'nited " Retail Store...,
ti. S. Ind. Alcohol......
IT. 8. Rubber .........
IT. S. Smelting ...... ,
IT. S. Steel
('tail Copper f
V a. t hem. .". .
Vanadium. Stael
V lvandou ............
Wabash
W 11a-Fargo - ,
Western Pacifie . . ......
Weslern' Union . ......
Weitinghouse E. AM...
W est Md. .......... ,
White Motors ........
WUlys-Overlaed ..... . .
Wilson Packing . . . . . ,
Wisconsin Central , . . . , .
Woolworth . .......
W, ft u E.. ..........
: Hew Vork-Loadoa Silver
New York. March 1. (L N. S.) Domestic
commercial bar silver unchanged at 99 H i for
eign; He; lower at 65 e.
London, March- 1, I. N. S.) Bar silver
waa d lower today at 42 Hd.
m " a .".w".
leXl DOOK 01 crammed full cf
information. for
Ildll UlICCl the investor and
1&21 lEdlUon stock trader. -Copies
FREE. ' No Obligation ,
McCall & Riley Co., Inc.
20 Broad St. r New York
BANK
BORRO
ZINGS
BEING LIQUIDATED
liquidation of member banks
borrowings from the Federal lie-
serve bank of San Francisco Has
proceeded steadily during the past
four . weeks, according- to John Per-
rin. federal reserrb agent of the
Twelfth, Federal Reserve district. In
his report of February 15, 'just re
leased for publication. The report
states in part:
A reduction of $20,000,000. or 12.6 per
cent, has occurred in this bank's holdings
of bills discounted. ,. Coincidentally fed
eral reserve notes in circulation declined
in amount by $13,000,000 or 5.2 per cent.
"Between December 23, 1920, when fed'
era! reserve Botes In circulation' were at
their peak off $272,648,000. and February
It, 1921, their volume has diminished by
125,000,000. In tne same period of time
this bank's holdings of bills discounted
declined front $166,836,000 to $139,55000,
a liquidation of $26,000,000. :
: "January . bank clearings were ap
proximately 11 per cent less than they
were a year ago, wnicn, in view or, lower
prices now prevailing, Indicates busineas
activity equaf to, or greater than, that
of last year at this season. January
debits to individual account as reported
by 113 banks in the 20 reporting cities
of the district were $2,141,293,000 as com
pared with $2,155,680,000 in January,
1920, or a decrease of .64 per cent for the
year. Increases were reported by- Los
Angeles, Salt Lake City and San Fran
clsoo, , the former 'city showing an In
crease of 11.4 per cent in January, 1921,
as compared-with January, 1920.
"Business failures in January were
considerably larger - In total liabilities
tbanln December. Building operations
during; January, wbiia less in value than
they were in January, 1920, or last
month, are 5.6 per cent greater In num
ber than in December, 1920.
"January retail sales reported by 24
department stores in the district waa 14.3
per cent less than tbe value of the same
stores' sales in January, 1920. the lower
prices prevailing now as compared with
a year ago indicate that the number of
actual sales transactions is approximate
ly the same as, or slightly greater, than
the number in January, ' 1920.
"Wholesale trade activity reported by
145 firms in eight different lines, ranged
from 6.8 .per cent to 67 per cent less in
value of net sales than it was In Jan
uary, 1920, and from l.Z per cent more
to 66.7 per cent less than in December,
1920. Reported - reductions In general
wholesale prices are not sufficient to
compensate for these declines in value
ot sale, and it is probable that the physi
cal volume of trade at wholesale is less
than H was A year ago at this time and
considerably beneath the volume in De
cember, 1920."
SHORT TERM WOTxfs
Quotation furnished by Clark. Kendall
ft Co.
inc.
Security.
Vsturity.
. 9-2-24
.10-1-22
.2-1-24
.12-1-28
,11-1-21 "
.11-1-21
B;d.
90
96
94
93
99
99
98
90
- 90
98
' 96
'99
94
99
91
97
68
82
90
90 i
98
93 ,
90
88
95
98
97
Ask.
92
97
93
96
100
100
93
91
90
. .98
"97
90
94
'99
92 .
98
7 6v
, 82
92
.92
Am. Cot. OO 6s. . .
Am. T. ft T. 6s. ,
Am. T. ft T.'Os.. .
Am. Thread 6s,.'..
Agn. Too. 7s.....
Am. Too. 7s.
Belgian Gov. 7 a. r.
Belgian Gov. 6s .... .
6-1-43
1-1-21
Belgian Gov. 6s....
Beth. Steel 7s.....
Beth': gteel 7s....
British Got. 6s. .
British Got. 5Hs..
Canadian1 Got. 6 He.
Canadian Gov. 6 He.
Cudahy Packing 7s.
Inter. R. T. 7. . . ...
Japanese Got. 4 a.
Japanese Gov. 4 a.
Kennecott Cop. 7s..
. 1-1-23
7-15-22
.7-15-28 -.11-1-21
.11-1-22
. 8-1-21
. 8-1-29
.7-15-28
. 8-1-21
7-10-25
.7-10-25
.. 2-1-80
. 9-1-21 '
Molina IMow 7s.
Mohne Plow 7s.
Molina. Plow 7s.
Moline Plow 7s.
f . . . .' 1 '
9-1-24
Pacifie Gas 7s.
5-1-25
97
99
98
Swift 6s .., .8-15-21
U. 8. Rubber, .-.,...12-1-23
Liberty Bond Sales
Reported by Overbeck ft Cooke Co.:
1 .'. : High. Ijow.
tJberty. 8 ..;...... . 9116 9106
Clowe.
9104
8670
8630
8702
86HO
9000
870O
9750
9750
Liberty, 1st 4s. ...... .
Liberty. 2d 4s........
Libartj, 1st 4s. .... ,
Liberty. 2d 4s
Liberty,. 3d 4s......
liberty. 4U 4s...,.
. 8660
8708
8884 ,
9008
8606
9770
9772
S650
688
8656
8990
8670
9744
974S
Victory. 4 a
Victory, 3 a......
-
Develop Mint lad sat ry .
CatHlameC Wash., March 1 A large num
ber of the people of Puget island have ibeeom
very much interested la tbe growing of pepper
mint aa aa industry. It is claimed the diked
land is aspaeieDy adapted to its cultivation. Some
of the large farmers of the island are (avoraoiy
fannreseed with the project, and regard it aa a
possible crop to develop tlteir large tracts of Un
improved land, giving it a commercial value. . At
a recent meeting held to discuss the feasibility
ef the enterprise much enthusiasm waa shown.
ftkt
City of
10-year (Q Bonds
at $01 to yield about 00
: Inoome Tax Ksempt
Freeman.
Smith
Camp
imagaj Bvit
PaPTM ANO ttT AM
1 arao
HERRIN & RHODES, Inc
.(Established 1896)
BROKERS
3f EMBERS CHICAGO BOARD OF
s - , TRADE, i -
Correspoaoeati, ir."F. H0TTO5 A CO.
Members New York meek Exeaaae-e.
Private Leased Wires Direct to AH i
Seeairity aad Commodity Markets. 4
liberty and Victory bonds
'" ! BOUGHT AKD SOLD :
i :' ;, - MA IX 28$ and 284.
20I-S RAILWAY EXCH. BLDG.
Stocks, ' Beads, Cottea, Oral a.
$19 tlf 1 Beard ef Trade Baildisr
0 verb eck& Cooke Co.
DIRECT ' PRIVATE WIRES
TO AUL CHANGES
" U eBibers Chicago ' aseard ef Trade .
. CerrstBoedcats ef Legaa at Brraa. .
Ctacege li er
mumi
. seounn ploow
Purchases Drop in
Coast District for
Week of Feb. -15
New York. March 1. -The Credit Clears
ing house weekly report of merchandis
ing activities by wholesalers and manu
facturers for the week ending February
16, shows renewed activity in -purchases
and lower indebtedness, although t there
is a small decline In payments.
In ' the Pacific ' coast section, pur
chases show less activity than the previ
ous week, as well as the corresponding
weeks of the past two years. ,
Indebtedness is less than the week be
fore, as well as the corresponding weeks
of the paat two years. .
. Payments are less active . than ' the
same week last year but are better thaa
tbe corresponding week of 1919. ,
' 2Sw York Boad
ifp (Fumiabed by Overbeck
Atchison Gen 4s. . , .
Bal. ft Ohio Gold 4s.
Beth. Steel Bet. 5s.
Cent. Pacific 1st 4s
C. B. ft Q. Col. 4s. .
8t -Paul Gent 4H.
Chicago N. W. Uenl.
L. ft N. t'nt 4a". .
New, Tork Ry. 5s...
Northern Pc. p. L.
Reading GenL 4s..
I'nion Pse. 1st 4s..
V. a. Steel 6s. ... .
L'nion Pee, 1st Ret.
Southern Pae. Cone.
Southern Pae. Cone.
Penna. Cone. 4 H s. .
Penna. 1st 4 s. . . . .
Chee ft Ohio Conv.
Ore, Short Una 4s. . . . . .
Foreign Exchange Market
New Tork, March 1. (IT. P. 1 -Foreign ex.
Change opened today with demand- sterling
$3.87: franca, .0720; lire, .0364; marks,
.0162; Canadian dollars, .8750. .
Foreign exchange closed today with demand
sterling $8.88; franca, .0719;Hre, .0364;
marks, .0162; Canadian dollars, ,87 60 kronen,
.1770. : -.. . .
- Mokey and Exchaage
New Tork, Much 1. (L N. S.) -Call money
on the floor of the New Tork stock exchange
Market
ft Cooke Co.)
V mA a.b
. . .77 77
..X 68 . 68
. J. ..... 82 88
. 72 72
........ 97 98
........ 88 68
4s...... 75 75
........ 81 H 82
17 18
4s. ...... 75 76
31- 82
....... ;n. 80 R0
ti. ...... 7 94, 95
Bs 75 75
6s,., ..... ' 93 93
4;..... 78 78
........ 98 . 88
7 9 . . 80 .
6s. ...... 81 82
.-. 79 79
We offer subject to prior sale and change In price ;
United States of Brazil
4 External Sterling Bonds
Denominations: 1 00, .500, . 1 000
Interest payable In London or in the United States at the current
rate of exchange. . ' ,:: :... .. 1 -: ' ; ' ' V
These- bonds are direct: and general external obit"
gations of the Republic of the United States of Brazil,
whose full faith and credit are behind the loans.
Brazil Is thev second largest country In the Western Hemisphere. Its
area, 3,292,911 square miles, is only sliehtly less than the United Htatea.
including Alaska, and almost that of Europe. Its population is estimated
to be 30,000,000. -j . .
Over one-third of Brazil's foreign trade is with the United States.
Brazil, with a per capita external debt of $18.80, compares very
favorable with Chile and Argentine, who have external per capita debts
of $37.00' and $31.51, respectively. -
According to the latest, available figures, those of 919, the national
debt of Brail! was $15,000,000,000, the external debt $566,130,000, and the
total debt $902,743,000. The Interest on the external debt amounts to
124,692,000. Annual national revenues for 1919 were 1b3,15,000. ,
With Exchange at
$3.85 r
4.00
4.30
'4.86
Annual Income)
8.21-
8.53
. 0.17
. 10.32 7o
(Par of exchange 1$ 4.8665)
Being 4 Bonds, the coupons on 200 amount to 18 per annum. .With
exchange at par ($4.86) this 8 amounts to $38.88, providing an annual -income
of 10.37 on the $3.75.00 Invested. At the present exchange rate
of $3.85 per 1 the annual interest is $30.30, or over 87e on the money
Invested: When the bonds are repaid, assuming an exchange rate of .
$4.86, the. 200 produces the principal sum of $972.00.- Deducting1 the
$375.00 originally invested leave a profit In principal amount of $57.0v,
or 159 on the investment in addition to the hi.b current Income re
ceived. " . ; ..-' ...
Price) $187.50 (flat) p 100 "(at par of exchange $486.66)
Price) $937.50 (flat) per 500 (at par ef exchange $2433.33)
Price $1875.00 (flat) per 1000 (at par of exchange $4866.66)
Ralph Schneeloch Co.
. MUKICmu. AND CORP0RATIDN FINANCE
- LUMBCRMLN8 BUILOINQ .
- " PowruiMa Csvceca
. STATEMENT OF CONDITION r.
THE BANK OF CALIFORNIA
NATIdNAL ASSOCIATION
SAN FRANCISCO -Including
Its Branches in
PORTIJNDSEATTIJE and TACOMA
. At close of business Feb. 2 1, 192 1. k
r 'ASSETS '' '
Loans and Discounts
Bank Premises (San Francisco
Other Real Estate. ..... .... .............
Customers Liability under Letters of Credit.. .
Sundry Bonds and Stocks . , .... ...........
United States Bonds to Secure Circulation ... .
Other United States Securities. .......... .
Redemption Fund with United States Treasurer
Cash and Sight Exchange. . .................
UABIUT1ES
Capital
Surplus and Undivided Profits i
Reserve for Taxes, and Interest............
Circulation . . v. - . . ......................
Letters of Credit ...... I
Bills Payable and Rediscounts with Federal Reserve
DlllS, ...
Other Liabilities
Deposits ............... . .
a III
llll ' ,
Third and Stark Streets
WM. A. MACRAE, J. T. BURTCHAELL, CHAS. LEIGH,
("Manager A$st. Manager r- .Asst. Manager
i
-
n&s
OUR BOND DEPARTME NT is
equipped to give the same reliable, effi
cient and courteous service in investment mat
ters, which characterizes the service .of every
department of this bank. 'f ' - . ,
Our offerings include the highest type of gov
ernmentmunicipal and corporation securities.
te. !
a,.- a
1 SJ .i
IV! ,
f
' r'Vw "
todar ruled at T per cent: ttish. T rr cent: low.
7 per cent. Time money was steady. Kales
were Tper eenU-
The market for prime mercantile pener at
steady. Call money in London today was H
per cent. Sterling exchange waa steed., with
buaineas -ia beakers' bills at 388 (or demand.
Standard OU Stocks
Closing
Bid. Akd.
18 18
30 ' 40
2 . H4
190 , 210 -
103 105
lit- 115.
ao 3 2
135, 145
98 - 101
4 4 4 6
92 96
92 . 9
163 170
83 8 5
27 28
168 ' 185
94 98
2HQ. 285
lf IS
88 8
4 no roo
,i : 201
895 403
104 107
220 230
7 7 2'
802 3"6
69 69
683 605
410 425
830 340
8K0 390
108 110
40 60
106 110 .
97 100
31 A 315
27 32
90 4's
97 83
Anglo
Borne Scrysroer ............
Buckeye ................
Cheese bo rough . ..........
- do pld. . .......
Continental . .............
Crescent .
Cumberland . .............
Eureka ................
Galena, r, ...............
Galena Old. pfd. ex-div) . . ,
Galena New, pfd.' (ex-div.),..
Illinois Pipe
Indiana Pipe .
National Transit (ex-div.) . . . .
New York Transit ' , .
Northern Pipe ............
OhaC OU iax-div.) .
International Peta.
Pennsjlavnia Max. .........
Prairie Oil ...............
Prairie Pipe ., 4 ........ . .
Solar Refg r-. . .
Southern Pipe
South Pena. Oil
8. W. Penn. Oil
S. O. California ..........
S. O. Indiana .............
S. Q. Kanaaa
S. O. Kentucky .
8. O. New York
S. O. Ohio (ex-div.) .... . ....
do -pfd. ...............
Swan ft Finch ............
L'nion Tank . ...
do pfd. ...
Vacuum .
Washington
8. O. Nebraska ............
Imperial Oil
PACIFIC COAST BASK STATEMENT
Portiana Bans
m..WnM. rhi week.
ear am.
Monday .... $ 6.642.94 9.08
7.949.51 1.46
Tuesday ... 5. HiJ.lttT.ua
6,069.368.10
A .
i
Clearinea, Tuesday. ..$ 1.923. 023.00
Balanoea. -Tuesday. ........... 662,242.00
Seattle ank
aearings. Tuesday. ....-.....$ 4.1 5 1 .227 00
Balances, Tuesday 680,004.00
" Taooma Banks
Clearings, Tuesday ,..$ 685.3S5 0O
Balances. Tuesday 87,142 00
. San Franclsoa Banks
Clearings. Tuesday $24,000,000.00
Los Angelas Banks
Clearing. Tuesday :. $1496.805.00
Profit if Called at Par
- $395.00
425.00
,. 185.00 ,
507.00
............. . ... . .$
and branches) ...... .
67,168,
1,491.
209,
6,251,
565,13
865.45
367.83
279.40
-
5,139.
2,150.
4,699,
930.76
000.00
981.98
10 7,
24,840,
500.00
010.45
" 1112,058,501.00
8,500,000.00
8,618,096.10
583,777.68
2,071,997,50
6,354,759.76
15,008,823.08
1,757,410.88 .
69,163,636.00
1112,058,501.00
PORTLAND BRANCH
....
ti 1 4
1 i CorMsUet J
ti.;. 5l.,r!5 .
1