tli
14 I
THE OREGON ' SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING,
MAY .21, 1922.
EARLIEST CLEANUP EVER KNOWN UN TI IK iPACIFIQ NORTHWEST WHEAT TRADE INDICATED : BY I. CHARTERS
jmcropof
SECTION CLEANING
1 Biggest Output in the History of
v 21 Pacific Northwest Disappear-
. " WEEK'S WHEAT BIDS
Compiled by Portland Merchants Exchange:
Hard Soft White Hard Nor. fed
Whit. White. Club. ; Win. Bps. Walla.
-.Monday. ..12
. iTuesday .. .139
-4 Wednesday. . ISO
.Thursday . .128
''Friday . . , ,i
-'J Saturday ..125
TWee ago... 128
TTear ago. . .139
128
130
128 12
128 128
128 128 136
12ft 126 128
No Session
125 125 125
126 12 128
129 138 133
128
ISO
130
128
a 24
1 '
0.24
125
128
134
The Pacific Northwest will within a
weeks be entirely cleaned bp of its 1921 wheat
crop that is. everything that is available
121
124
1130
few
for
-w the market will be purchased and oa its way
, Aa JMirope.
J Many month aun in fact. eTen as early
ilea august. 1921 The Journal forecast that
. 1 record demand for wheat would be shown from
,1 Kurope and thaLv despite the reeord -breaking
ifcrope of this territory, every bushel would be
-1 needed sad will be shinned, if offered.
I Then' the word was generally passed by in-
- Itsrests oooosed to advanctna nrices that the
(crops of other countries were so heavy that this
l country could not possibly clean up.
A The Journal's forecast, has been absolutely
. confirmed ..regarding the extent of the demand
iter Pacific Northwest wheat, as well as its pre-
aieuon last July that the crop would' , resell
aou.ouo.ooo bushels or more in the three
states.
- This week confirmed In full these forecasts,
for It showed Quite clearly that Europe was'se
eretly purchasing wheat in liberal volume .in
this territory and the facts were being kepta
cret by the sellers. That is, the matter was
a secret until nubiication of the facta were aitem
PI by The Journal. -
ah .larav u uuw i u urminn. x. , cry uusnei is
wanted, ttoniers wno are tiling to accept cur
rent values or even a fractional advaaoo over
them are able to. clean tin Not only1 is there
demand at this tune for the 1921 crop, but
latest developments Indicate some contracting of
the 1922 'crop of wheat at 31 per bushel for
while club basis. Umatilla county. Oregon, and
Lf . t j. . . ..t. wit iilj, i.uumBbuu. . nome con
. trading is likewise reported in Franklin county.
r.
Washington.
Advancing prices continue to be Quoted for
milhttuffa because of the extreme scarcity of
supplies. Europe wants wheat badly and is
witling to pay the price, but it takes Hour only
f"n aoie w secure it ix pelow the relative
j tTaiue. I
iKp WHEAT Cash buying price, tidewater, track
delivery: Club, $1.28: Bluestem. $1.45 1.50;
i tBia? Bend Binestem. 31 7(1- Tnrk.. TtH
t 1(1.32: Bed Russian, 31.25 per bushel.
I i - FLOUR Seliins Dries, mill door: Patent.
-ft 18.60; Willamette valley brands. 38.65: local
straiaht; $6.90; bakers' hard wheat. $8.10;
kbakers' bluestem. $8.00: bskers' nastr. SS.50
per bbt; graham. 38.90; whole wheat. 37.30;
t 1 Moo tana spnng wheat, patent. 39.00 per bbL.
r Price for city delivery. 16e extra: suburban. 20e
I taxtr.
f I HAT Buying price: Willamette timothy,
t (fancy, $18 00 per ton; Eastern Oregon timothy,
it 1319.00 per ton; clover. 314.00; straw. $9.00;
; .alfalfa. $19.00: oat-vetch, $17.00 per ton.
I GRAIN SACKS Nominal No. 1. Calcutta,
I 't 8!4e lor new crop delivery. Domestio bags.
?l e each.
I lilLLSTTTTFS Mill run at mill, sacked, ton
i ts, 3S5.0036.O0; carloads, $35.00 36.00;
, middlings. 349.0050.00 per ton.
j 1 OATS Per ton. baying pries: Feed, $34.50;
i nulling, $35.
K BARLEI Buying price: Feed. $28; brewing,
f 328.0.
I-- FEEDSTUFFS F. O. W wilTrs: Untied barley.
j$3637! whole parley. $34(3 35; alfalfa meal.
$37 0 38: wWn earn. 335 0 36 a ton.
-Merchants Exchange bids:
,. ' WHEAT
May.
Wool Prices Continue to
Rise; Willamette ViaUey ' Is
Only Inactive Spot in West
. Br Hrmaa h. Cohen
wool prices continue to reflect advances. The activity is now most marked! in
th Southwest after a period of quiet there. Actual business la fine wools! is
shown there during the week at 45c a pound ; a price so sensationally hlsrh as to
yrmf
v create wonder in the trade aa to what the actual- shortage of
, .- wooi in me marxeu totals.
r - ?
f V
4
"V J' ? Here and there is activity in the Pacific Northwest Wbol
i market; the only reason for a lack of runaway market beinr
-f the lack of sofficient supplies. - Practically all of the better
3 elate wools of the Pacific Northwest hkve Wn rrtirchjiapfi hv
mili interests and speculators; the latter standing a very
Isoty cnance to casn in at a uoerai prone r : j
Talley Wools Are Qslet 1 :i !
A f, Only In the Willamette valley, of all the sections of he
w eat, nas mere oeen a tacK or acuvrry in trie wool traae
this .season. This condition appears out of line in view I of
the fact that a tremendous demand has been shown for wools
at practically every other point in the United States and that
prices have responded to this condition, i The-fact remains
that very little of the Willamette valley 1922 clip has been
sold and many sheepmen have come tobelieve that much of
the talk of extreme wool demand is mora or less bunk. i
It is not any lack of demand that is keeping down the
movement of Willamette valley wools this season, j It is th
raet tnat owlnar to- trie smallness or individual offerinm nmrl
the fact that holders are demanding full prices, that the expense of marketing
these fleeces has made it almost impossible to do business. s ?, H 'T
wool ituyers scounnir vv arid i, ; i i , ' :
Wool buyers are scourine the world for sunnlien of flew' Tn nnr uvilmt
the demand is keen and extreme values are available for lots of quantity that
make a movement profitable. Pooling .of Willamette valley wools therefore
appears the onlv solution to the nroblem nf -srettiner x n adnmist tti- tV- fluu.x
JXhe present cost of getting the clips to market is too high and this must of
course De cnargea against tne seller. By pooling their fleeces, woolmen of the
Willamette valley would find buyers flocking to their plafces and higher prite$
available. , , I ' i : TTT
Sheep Indnstry Coming Bark I I U
"The strength of the wool market in Idaho durlnar th nast months h hrorji-hr
the wool and sheeD industry almost back to normal uraifi " rferlnrpw Hmjlw
Coon, wool and sheeD ooerator associated with the First 'National hank nf Rniul
who has been in Portland a few days this week, receiving j and weighing out the
million and a quarterpounds of wool Just purchased at Boise by J. W. Creathlof
tne romana wool wsrenouse company, xne wool Just , sold to the Portlan-
wan oruugnt arouna iJ cents. i i
Mr, Coon declared that the activity in the wool market ! has uniwil n. decMp
spurt among sheep growers and that those well informed on the situation ar
"Bsii; in uip Biieep lanusiry in taano quite extensively, i ; j
The wool clins sold to Creath will oracticallv all he retainer! in nrn KiU
sent to The Dalles scouring plant and then worked up at the .several woofei
uuiia in una viuiiLjr into wool yrouuets. r
MONEY RATES BIG:
TRADING FACTORS
Fail of Time Loans Forces Lib
eral Gains; Stocks Lead Bonds
the Newer Movement.
in
B Stuart P.
Special Correspondent of The Journal!
-Tpm'ht, laa. by The Journal.
New York! Mav 20. The new drivinv
which the markets a wJf ago bed seemed to
He awaanng waa iuum una wees in the further
Iforee
Walnut Industry of China
' , Described in U. S. Report
! Hani white
i Iftoft white
1 iWhita club
TiTIard winter
y Northern spring
Bed Walls ....
'-.No. 2 white .
f ISo, 2 gray- . . . .
? No bids.-
''Wo. 2 Eastern .
sll
$ 1.25
1.25
. . . . 1.25
. ... 1.25
.... 1.25
. .. . 1.21
FEED OATS
. . .. 37.00
. . . . 86.50
BARLEY
CORX
. ... 29.00
June.
$ 1.25
1.23
1.25
1.25
1.25
1.21
87.00
,36.50
'July.
$ 1.14
1.10
37.50
1
i
t
29.00 29.00
.- :
AMEBlCAX LIVESTOCK PHICES
Chicago. May 20. Livestock trade was of lit
tle account today. The usual light Saturday
sunnl arrived snd it was nicked nn without
9 any marked change in Quotations. . Cattle and
, bogs held well during the present week, but
K lvalues closed lower for all kinds of live muttons.
1 Keceipts today were estimated at 500 cattle.
S000 hoax 8500 sheep and 2O0 carves.
- ( Cattle Of the estimated. ftUO cattie for "the
P;lwl yards about 60 were received by big
packers, leaving utile in tne open market. Bmall
lots sold at unchanged levels, but nothing prime
arrived.- Compared with week ago best steer
? 'were strong to Vac higher, while cows and heifers
f were up U5e in some spots. The' week's top
eacue went ax :a.23. vanaers ana Dolls dosed
t.weasv wnue calves aoowed a small gain over a
I week ago.
.j Hogs Light hogs sold wefl today. Prices
...were steady to strong compared with the dsy
2 ; before, with choice lots st 10 i)0 11.00. Hogs
1 (weighiBg 240 to 3O0 ponnda sold strong, some
t vol the best going ap to 10.75- 10.80. Rojh
I pecking grades were folly steady at $9,15 9
J ; 9.60, with good lots at $10.00. A week ago
,WMJP VW UU WW h flVV,
r I flhafri fl mriH, Unh. mlA via RA
today and the trade wag called steady. Com
pared wita a wees ago. However, lambs
mostly 7Se to $1 lower, while aged muttons
ano were oil i oc pome snorn lambs at $13.00
Chloaoo Host $11.00
Chicago. May , 20. (L SJ 8.1 Hosa Tta-
or-iptA, 8000, itcadj to ttrosg. Balk, 110.50
eeiu.sa; tons, jn.uu; heavywekrht, 310.759
10.90; medium weight, 810.85 1 10.95; light
weight, $10 9511.00; light lights, $10.25
1O.00 : beavv nackiiie wl immtii soon a
10.00: packing sows, rough. $8.40 0 9.65; pigs.
CatUe Receipta, 500.
- Sheep Beceinte, 3500.
P DHitw Hfra KDAII
Uenver, May 20. (D. P. Cattto SOO-
I market steady. Steem. ITSSanM. mA
-l-etfers. $5.50 97 90; stoekers and feeders, $6
oaivsa. tawiLBU.
HOgs: Kecemta 260. Market 1(We V!i
Tops. $10.40; bulks, 310.05 10.33.
soeeD none Market nnchassML. Tanta lis
ia ewes, lino: nu lambs. iii.soa
13.50.
We Seattle Hoe ssnrka
Seattle. May 20. No livestock Twaernta r.
I iwicu tsaay.
Kansas City Hoot $10.78
pvauue: Keceiota. nao: arrtvaia t lata t
, m SBarsex.
- Hoes Receipts, 1OO0: active. Bulk of sales.
- fil.W910.ls; Dp, SIO.IJ.
- Sheep Eervipts. 250; light
mgMi Hrjv 1 0.S0
8onth .Omaha.' Ma 30 RnnM.
, v- - i wv, munt kow ana saosuy toe nigber,
itwnlk. $10.30 10.60: toPL.SlO.SO.
gV Cattle $eoaipa. 75; market compared with
imam,.-i.vm99; lower; bulls. 25c lower: veals.
f50ctiheri stackers ana feeders. 25940a
m I . Sheep BeosiDts, BOO: market oompared with
u jweck ago., lambs, 31.00 1.50 lower; sheep
jand yearlings. T 5c 9 3 1.00 lower; feeders. 50
6) 7e lower.
, - San rrwncce Heaa 31
' f Saa rrancisco. May 20. Cattle Irass fed
'steers No. X. 7 y 7 e: second quality. 64 0
i c; eows and heifers. S 6 ; calsea. light.
f a?9c: oalvea, heavy, 67c
" Sheep Lambs, 1010ec; wethers. t
T1e: ewes. 4nSWc
' " Hor Hard grain, wgt. 100-175. 12e; over
... . 300, lOo. :
-" "i '
'! ' - Kw Terk Batter and Eggs
- t, 26-I. N. S.) Butter-
"Market unsettled and weak. Creamery. Ss)
' 6 4 c; tirsta. 34 S5 e; nigber scoring. 37 S
-T 3 7 H;' stain dairy, tuba. 30 36c; renovated.
Lextrss. 28 vie; ladels, fraah extras. J7o.
- r Cheese Market firm. I State, flats, old onaMtv
. ,. 24ci whole nuJk. fancy. 17 18 Ha
.... ,Wiseoasia. lower grades, 14 16c State.
,8X1171, specials. 13 4 14 He. t
- Kggs Market, weak and tmsettJsd. Nearby
''white, fancy. 38e; brown. S1031Me: extra.
?. MQk The aommal wholesale wiee fa 'tlT
.per ICO ponnds, delivered an New Tork. Official
quotstinns dsicontinned. , - -,- ..
- j t . itfi-, e : 81 1 - f -
, CWearo 3alry Prodieo L
CbJcaso. May 20. (t N. &) Buttei Ka-
cerrita, 14159 tabs. Creamerr, extra, 34c; staadV
: AK 34e: fusts. 88 He; paekiag stork. lala.
Kgxe Baeeapta. $3,14$ eases. Miaeellaneoaa.
;SliSc: ordinary firsts. 22922ae3 firsts.
4r24Hc: extra. ItUe: ebecka. 20sSaae:
.checka, 20 20 He; dirties. 21HriHe.
CheewHaJTwins. . Dew, 19H 0 lTr; dahie.
; llTe: Toont i Americas, IX 17 lie;
Jjainrwnnn, af lev, vcica, ItTIK . t
. uve foultry, -tarkeys. - 2ie; chickens. 25a, I May
' npring brojrra. 40 tfSc; roosters. 14 is c; geeae, 1 July
1430oi ducks. 5235. t T gi.
In view of the erowine walnut intnatrv kr
Oreffnn. i aa wll . . f 1l T.in v wv.
generalli. the industrv of tha Orient ia of n-
culiar interest at this time. The followins
article Was prepared by the Far-Eastern di
vision of the bureau of foreign trade and commerce:
The walnut found, in China, according
ij me euiwr ui finance ana uommerce,
is the Juglans, a botanical genus Of
some 10 species, and is the same as that
found generally in temperate regions of
the northern hemisphere. The species
best known in China is the Juglans
regia, which has a wide-growing area
extending from Greece to the Himalaya
and on fjbrough Asia into extreme
Northern China. These trees, growing
in many parts of China, bid fair to be
come of increasing commercal import
ance, except where transportation is
still primitive and the natives have not
yet realized the value of the nuts, thus
preventing them from entering into the
commerce of the country.
Walnuts are not systematically culti
vated, the trees being planted generally
to furnish shade, and no attempt seems
to have been made to' improve the stock
by grafting or other methods. However,
in many parts of the country farmers
may be found who have from 25 to 100
trees.
Where the JTuts Are Grown
The principal provinces from which
walnuts are obtained in China are
Chihll, Shantung, Shansi and Honan.
In Chlhli the centers of the trade are
ths Changpingchow district some SO
miles north of Peking, and the Lanqhow
and Changli districts on the Pekirig
Mukden railway. The nuts from these
districts rank as the best ' and are
shipped abroad from Tientsin. In Shan- :
tung walnuts grow wild for the most
part, little or no effort being made to
cultivate them. The best nuts come
from the southern districts, but they do
not run even, a large proportion of bad
being mixed with those of better qual-
ity, thus compelling the buyer to exer
cise great care in his selection and in
spection. In the , other northern prov-i
tnees the walnuts grow wild quite gen- i
erally. ' They are cultivated somewhat:
systematically In a few districts. Ken-
nuts of good Quality. Hunan aJnd
cizecnwan lead among the central and
mcsLern provinces, with Hankow as the.
principal port for handling. These nu!ts,
which are of good grade, are ! exported
mostly as kernels. ' ' j T
Production, Collection and Shipment i
An American fijrm exporting walrls
from the ports Of Tientsin has esTtU
tnated the production of four provinctei
of North China.'aa follows: ChihlL 2000
tons; Shansi. 3000 tons; Honan, 3200
tons, and Shantung, 600 tons. ThJs
figures, however,; are in some case
merely guesses based on information e
ceived from dealers. No estimates hive
been found 'for the other walnut-grow
ing sections of China. The same au4
thority states that he is not aware of
any walnuts, being! grown in Manchuria
It seems that the terrri i "Manchurilai
walnuts' is a mishomer used lareelv lit
connection with those shipped into the
United States from Tientsin. j
In these Chinese trade there' are thtei
well-known varieties, the double-shelled
medium hard-shelled, and paper-shelled
The double-shelled variety- Is the lowest
in price. The medium hard-shelled lis
produced In largest quantities, while the
paper-shelled is not extensively culti
vated. 1 i ;
As with most of the commodities ex
ported from Chinaj the producers of wtH
nuts receive but little of the profits. KjAt
the beginning of the harvest- season, th
local dealer contracts with the farmer
for the crop, and later sends it to Thjn
tsin, Hankow, and other ports,; whe
ev
extraordinary decline
money raeea. j wail
street loans for fixed
periods, as disting-
nisneq irota aemand or
call loans, can now be
negotiated under
per cent for the
time sinoa the summer
of 1917,
Ho far the main re
sponses to those
changes in money
has occurred in
speculative stock
ket. Investment
cunties, after lying el
most stationary for a
month. have " moved
ahead somewhat, j but
mng almost stationary
rates
the
mar-
lot a month
the gain has
slight. Ordinarily
mifsnt oe expected
have
been
it
that
3
at decline jin the interest rate from 4 to
T .cent i woma bring a corresponding upward
revision in bond values. This has not happened
as yet. perhaps because the investment commun
ity has not digested the huge load of new capital
woes thrust upon it during the last 12 months,
failure to respond also may indicate some doubt
as to whether the lower money range fc to
continue. ; , j
Debt Payments Offset Trad Demand
! Eventually if trade recovery keeps on there
Will be a: diversion of funds fmm fi.n;.i ,r.
commercial channels sufficient to make itself
fair lr mnnv m,. . . . . i F .
- - "-- uui m. preKei we ln-
crrased trade demands are being offset by the
.;iiuran oi toe tia, so-caiJed rrosen loans in
the acncultnral sectiona. All this is clearly
shown in the detailed federal reoerve statements.
In the more representative manufacturing i aeo
bons rediscount are on the increase aa a rale.
In the great vrhest and eotton-raiidn urfnu
NEW YORK BOND
Reported by the Journal's Wan gtrevt Bnrna
Wall Street, Stw Tork, Slay aiost
of the adTasce la the bosd market oe
e n.rred ajBong ' speealatito : ls$aes like
the low priced rails. The Eriei, St
XoaI$ A Saa Francisco bonds, SUFaala,
Sew Tork, Westchester & Boston 4frs,
and the lnterboroaeh refanding '5s
rose a fractioB. ef a. point to av point.
uaesepeake tlnlo eeavertioie s
reached a new high for the year, and
other convertible railway istaes were
strong. Araeriraa SmeltlBg U. 8.
Kabber 7 Via and TJtah Fewer s X.ight
is were bid n it their highest for 1339,
and Sinclair Oil convertible 5s Jnmped
a point as sinehur ttoek made a new
high on dividend reports, . - :-i
United States gevernmeat seenritles
were firm and: the foreign government
loans In - tne ! mala kept steady. : Cbue
8s of 1936 made a new high and Sweden
s gained a point.
The Sew Tork market for Canadian
provincial bends was essentially ;
changed this week. Prices contlnoed
to bold is bat trading was dnlL On
tario 6s of 1933 were 100 Mi bid, offered
at 106; , the 6s of 1330 were 160 bid.
offered at 161 Vi, and the 6s of 1943 were
1674 bid, offered at 188. -Manitoba
6s of 1823 were S bid, offered at 68 j
the 6s of 19J0, were 100 bid, offered
at; 101 V, and the 6s of 1946 were 104V
bid, offered at 167.
New Tork. Msy 20. Following is sa officisl
list of all bonds traded in on the New Tork
Stock Exchange today with prices up to and in
cluding the close of the market. Total sales today
were $9.062,000. ! against 318.9oa.0OO yester
day, S9.S50.000 a week ago, $4,512,000 a year
ago and siu.soz.ouo two years, ago.
From January 1 to date, i $1,907,494,000
against $1,128,778,000 a year ago. and $1,532.-
lBS.uuu two yean ago.
LIBEKTT BONDS
(In 31000)
Sales Mature I High. Low. Close.
uii nw in sotpie pncee has put
farmers in a comfortable position aain i
ccunts are nomine down and reserve ratios
the
Tudis-
Danger of Exoesshre Advances
cue
and
the
this
will
us-
wholesale dealers
The shipping
September, with
coming in about
the hard-shelled
take it over.
season commences! i
the soft-shelled nil
la month' earlier than
varieties. In North
China most of . the nuts , are, sent i tp
Tientsin and are exported either in the
shell or shelled. The shelled are knoWi
as wet-cracked ' or ! j dry-cracked. Xri
the former case they larei dipped in iot
water before being cracked, a method
generally adopted in the interior and one
that has proved i quite objectionable!
Foreign exporters prefer itd arrange for
cracking to be done In the: cities? where
dry cracking is generally . adopted ajnd
chow-fu in Shansi province producing can be properly supervised;
Most Woolen Goods Said to
Be Nothing But Shoddy Stoc
J. Walter Bliss of the John T. Slack
peny, shoddy manufacturers of Springfield. Vu,
is quoted in the press as stating in a lecture de
livered by him to the Lowell Textile school of
Loweu, Mass., that only one-fifth enough virgin
wool is grown in the world to clothe the peo
ple in cold climates and, according to Mr.
Bliss, the other four-fifths has to be made of
re-worked wool. He is also quoted aa atating
that, according to experiments made by the
bureau of standards in Washington, shoddy is
reworked as many aa six and seven tunes.
Charles IX Haskins, secretary of the National
Association of Waste Material dealers, in s state
ment published in 1919. estimated that all the
virgin wool in the world would only allow 1 4
crimes a year to every person living outside the
tiopics,
- Mr. Cherir.Kton, secretary of tha National As
sociation of Wool manufacturers, estimated that
tLere was only enough virgin wool grown' to
supply a pair of knee breeches apieoe to the peo
ple living m the colder dimatwi.
William C. Red field, whik secretary of the
department of commerce of the United Statas
government in 1610, stated that the world's an
nus! production of virgin wool was only ap
proximately one-third enough to make the an
nual nroaucuoa of wool ctotn. ana. tnat , the
deficiency must be supplied by shoddy.
J. B. Wilson, vice president and secretary of
the national vhepp and wool bureau ef America,
vrten ssked for his comment on these estimates
o the amount of shoddy ned said that "there
bad been a very marked d crease in the number
of sheep in the world during the last half dect
ads and that this might explain Mr. Bliss' esti
mate that four-fifths of tha wool used in woofc
M is shoddy, aa compared with the estimate of
two-thirds of Mr. Bedfield tn 1919. ; H 1 ! t
When stsked why there was sock! ai discitepi
eacy between these estimates of the amount of
shoddy used, and tha census figures frequently
quoted on the subject, Mr. Wilson explained
that the census figures do not: give the amount
of shoddy used, bat only give the : amsunlj of
shoddy reported. 1 ,! t I
"Many of the larger . fabric manufacturers
not classed aa shoddy manufacturers make their
own shoddy, and many fabric manufacturers
vho rise shoddy do not want St known. Ttda,T
acid Mr. Wilson, "explains why the amount! of
shoddy actually used is so greatly in excess of the
amount ever reported in government yr other
census figures, but.' said Mr. ' Wilson, tbe serih
cms part is not so mucn tne amount, ox aboddy
nsea as the tact tnat son or ttusf shoddy;
sold as shoddy, but is all sold as virgin wool
under the names of wooV 'all wool' and pure
vooL It was to eurrect this slsrming condition
b, preventing the ootmterf ertinc ef viraia wool
ty snoOdy tnat ute japperiTenca "irum
Fabric bilT was rntrednoed In censrass.'!
i
Canned Milk Demand Quite
Extensive in East Prussia
By Shrord C Rett
Catted States Tie Consul. Konigsberg, Germany.
On aeeonnt of the TWasunt ecarcitv of fresh
milk, there is a areal demand for condensed milk
at Konigsberg, East. Prussia. Only children less
man 2 years of age are allowed iresn aunt, ana
even then a physician's cerwicate is accessary.
Great cuantities of fresh milk is to be had in
the ratal districts, bat practically noon is sent
to tha Kast Prussian cities, aa buyers frnea tha
western cities offer anch high prices that they
are able to obtain all available supptiea. -
ijocal nealers nave purcoaam r nnnensen snrnt
from Hamburg and tAbeck importers up te the
present tune, bat tney now wish to get in direct
communication with the American exportera, ,
, i no danger m the! stock market situation is
jost wha it was a month before ths rather
saarp check i which osme at the close of April
and tha betjinninr of May. It is the danger
.ii apeuiauve operations will take their
from, the ' sound an oa of the credit i snorjlv
the low cost of money, rather than from:
acmiu mot i me txiiness ntnatioa. If
oeurs a prioe level will be reached which
not Be warrsntsa by earnings and dividends.
ciniH I oe ; more uian temporarily
tained. i :
I Meroers Cannot Inontase Values
I Ths tendincy to sneculativo excess hi
course, been prompted by the various merger
deals which! have been put through or are
known to! be under way. These combinations,
no matter what an excited Wall street imag
ination may picture, cannot add heavily to in
trinsic vaiuas ovemUjht. The economic effect
wtL take long to show. la the end they i will
reduoe producing costs but they cannot alter
the fact that whether it is steel or copper, or
any oCTerj of the leading industries, this lis s
tone when moderate prices and moderate profits
j Tnarfe News Improves .
) The trad news has been the best of
wjpek so nr!in 1922. Along with the ruturn
ef cotton : prices to the highest of last autumn
has come , the long delayed improvement in the
copper metal. April broke all ntmrri in th
building trade. In the 27 northern and eastern
states the total building contracts awarded was
$353,000,000 aa against the previous high of
$317,700,000 in July, 1919. Thrt huge ex
pansion in construction enterprises and the ! rail
way buying eonseauent upon the ability of the
railroads to i again put' through new financing
art, the two) principal sources from which i new
orders have a poured into the steel mill But
tb6 foreign business has also played a part.! Ex
ports of iron and steel from the United States
during March , were 30 per cent greater than
in January and 55 per cent greater than in
a cbruary. : i ,
i ! Germany's Action Awaited -
! The failure of the Genoa economic confer
ence has had little effect even in the foreign
markets, nor can this be attributed to anyi real
hope that; the new gathering summoned at I The
Hague in( June will : meet with more suOoess.
Rather, , it demonstrates that financial opinion
discounting heavily the play of the politicians,
never looked ; very seriously for the conference
t produce I important results. The wavering
tendency of French 'exchange is not due to
the Genoa break-up ' but rather to increasing
anxiety as May 31 draws near, the day when
Uermany will: reply te tha reparations demands,
j British Finances Improve i
I The strength of sterling reflects' the three
Ml i accomplishments of the last year in British
finance the balancing ot the budget sufficient
ly to allow the beginning of tax reductions the
steady, and in the (aggregate, very important
reduction in : the outstanding paper currency,
and the restoration of an equality between! the
aeou and credit items in the American trader
The decrease in British exports and imports
shown in Alril as oomoared with the xtnsviana
month was hardly important, because tha export
loss was a uo very largely to the temporary
eilect ot th lockout : in the engineering trades,
while tha important otsnpexison was mads with
the March total that had been swollen.
j. j
WHOLESALE F SICE 8 US POKTLABD
These are' the prices ' retailers pay whoiesalexa,
except as otherwise nqted:
BUTTEK- Selling price, box lots: Creamery
prices Prints, extra, Boo for plain wrappers;
cubes, extras, 83Vstl35e lb.; dairy, buying
price, 2223e In. j t
:; BCTTKltr AT Portland delivery basis: No. 1
krradn. 40c; No. 2. 37e; Sa 1 sons. 37 638
fox Mo. 1 grade, press mm being paid by aoi
I CBSE -Selling i Tillamook triplets, 24 H
A25e; Toung Americas, 2 tic; Oregon triplets,
19 fg 21c. I Fries to jobbers I. o. b. atuamook:
Triplets, 23c; Young Americas. 24c Selling price:
Hlock Swiss; fancy, 31 3-ic: lumhorger,
atlc: cream brick. 22 t 24e lb.
: : EGGS Bujring pries. Front street: Current
receipts, 1.9c j per dos. ; current receipts, hen-
nrnea. zao. t neilinsj imcv; wunmb neemu.
henneries, 260 per dos.; select, 26o per des,;
pullets. 22 0Z3C doa i -
LfV E FOCLTR Y Selling prioe. Heavy hens.
2324e a lb.; light: sens, zoo a in.; D rollers,
28a7e; old roosters; 12c; turkeys, dressed, 36
38a lb. ; live, zasysve in.: aucas. young,
M 40a lb. ; geese, hve, !20e lb. ; dressed, 25a lb.
Fresh Fruits and Vegetables
FKESH FKUITS Uranges. 7.25 8.25 box,
banana. D M. s 10e lb; : lemons. $8.00 8.50
out; grapefruit. Florida. 3tt.00ts19.OO. Califor
nia, $4,25 9 4. 7. ' ' !
i ISKKKiBS Strawberries. Florin. $S.OO 3.2S
I DRIKI FtttUTS -4 Dates. Tromedaryr $7.00;
figs, white. 33.50 3.7 5 per 2 5 -la. box; prunes.
40s and eva, :SV-iD. nca, ass m. ; wvs anu ous.
13a lb. ; !
, ONIONS -w Be ling price to retail em: Local,
$10.00 11.00; Crystal Wax, 63.00 a crate:
garlic 6 0 B Jb.i green, onions. aaue
Inivlua i
4 FO'i'ATOES Selllnei pries) to retailers: Ore
gon, fancy. $1.60 1.75 per ett; baying price,
eruntry, 75c$1.00; sweet potatoes, 2 0 5s;
new potatoes: i 8 Sc!
; VKHK1A KL.K1S Beets. $1.10 doaen bnnchea:
cabbage. 4 He per lb.; lettuce. $2.60 3.00 per
craxe; camjaa.- fi. : wwu, umwwiw,
Mexiran. $4.00(5.50 per lag: hone radish. 15e
per lb.; exticnosea. si.SBfsi.sa per doaen;
eaulifiower. $1.600 2.75 a crate; eslery. $3.50
Liberty 8 tia, 1932-'47 . .
liberty 3 Hs reg., '82-'47 .
Liberty 1st 4 "4 a. '32-47.
liberty 2nd. 4 s. "27-42
Uberty 3rd 4 Hi. '28. . . .
iJbertr 3rd 4 lis. reg. "28
Liberty 4th- 4 lis. '33 . . . .
do c.
liberty 4th 4 9s reg. '38 .
Victory 4 4s. '22-'23 ....
Victory 4 lis. reg., "22-,23.
Victory 3s, '22-'23
9970
9950
9994
9972
9998
9984!
9994!
99801
9964
9950
9982
9966
9994
9984
9990
9980i
99781 9978
10080
10064
106 ;
FOREIGN BONDS
Argentine Gov 5s. 45... I 86
do 7s. 27 . . . 1064
Sing Belgium 7s, 45 . .108'
do 8s. rets. 41 107
Chinese Gvt Kys 5s, 51 . . 54 Vt
City Berne 8s. 45... 113 H
'Oily Bordeaux Ss. 34 ... H7 44
City Copenhagen 5 s, 44.1 93
iCity Lyons 6s, 34 8714
City MarseUlea 6s. 34 . . . 87 4
City Bio De Janeiro 8s, 46 103 S.
do 8s, 47 . . 103 H
City Ssn Paulo 8s w i. 45 104 !4
City Tokio 5s, 52 7154
Dept. Seine 7s, tm ctfs, 42 64
lianish Mun 8s. A. 46 111
do 8s, B, 46 110 is
Dom Can 5vs, notes. 29 100
! do 6s, 52 100
I' do 5s, 26 98 H
do 5s. 31 , 0836
Crotch E. Indies rets. 6s, 47 93
do rets Hi. 62 . . 96 H
;French Gvt 8s, 4 5 ..... 1043
do 7s. 41 102, i
Imp Jspsn 2d 4Hs, 25. . . 90 Vi
i do sterling losn 4s .3 .. 1 77
Banc Denmark 8s, 45 111
: do ctfs 6s, 42 09!
King Italy 6 Ha. ser A. 25 86
King Neth'ds. rets 6s, 72. 97 H
King Sweden 6s. 39.... 102
Sep Chile 8s, 26 ... 103 H
uo os, li iua
; do 8s. ctfs, 46 105
Ben Cuba 5s. 04 90
R. of C 8s ctfs '61 .... 08
Btato of Queened. 7a '41. Ill
j do 6s ctfs '47 102
Swiss Gov. 8s "45... 1174
8. of It. G. de Sul 8s '46. 102 H
S. of S P 8s '86. 104 .
TJ.K. of G.B. ft L 5 Hi '22 108
i do 5Hs '29. . , 108
: do 6s '37 102 H
V. ;S. of Braril 8s '41.. 103
C. S. of Mexico 5s '45... 67 Hi
ao large os -34 I tJ4
10074
10064
100
86
100 54
108
1084
54 .
113H
87
93
87 i
87
103
102
104
71
94
111
110
100
100
99
98
95
96
103
101
89 34
77
110
98
86
97
101 94
103
105
105
90
98 U
1104"
102
117
102
103
108
1084
102
104
67
63
9970
9950
9986
9972
9998
9984
9990
9980
9978
10080
1Q064
100
86
100
108
107
54
113
87
93
87
87
1034
102
104
17
94
111
110
100
100
99
98
96
96
104
101
89
77
110
99
86
97
101
103
105
105
90
984
111
102
117
102
103
108
108
102
105
7
tts
i RAILWAY AND MISCELLANEOUS BONDS
POTATOES ; A105Q 5 i TUTS COAST
Saa Fiaoi iatti Slav 30. III. P.I
Per ewt. Whita Glnbea. 11 s 1 1(1.
PoUXces Rivers tancy, $ 1.60 2.00: Bur
bankv nominal; netted gerns, $1.75 92.00. J -
SeatUa. Mae 20. O m ralifiMiiia 'fit
Potatoes Takima fKat, $35.00
$20,00 25.00 ton.
local.
KUneapolls Wheat OpUoss n
Minneapolis, May 20. Wheat: - . 1 "
, Open. High. Low. : Close.
' J52! 15e 3.1
...,141 : 142 140 140
! ..... 120
Danish ecedansad xeHk ai lusters art making
strenuous efforts to au ills this trade, but the
eortsnmen perfer the American brands, ' as tne
milk is richer than tlx, Datuan.. By sending the
fnwUl milk tfrmt nMUlki Im ' Kb Mulrtil it
Germany, where labor to cheeper, Danish prodnfef
rs are able to reduce the price of their product.
Retail prices of condensed milk at .Konigsberg
oa March 1, 1922. wow as follows (the ratal of
exchange being 230 marks to the doBar : Amer
ican, unsweetened, 11 cents per tin 1 pound) t
American, -sweetened, 8 eentn per' tin til)
ounces) ; Danish, ivmsweetateed, 1 1 casta per tm
(1 pound); Danish, sweetened.! B eents per tin
(12 onnoea); Swisa. nneweetened. 7 cents per
tin (13 onnoss). and . ttilM,:. gwastatssd, 8 cento
per tut (12 ounces). r j-i-ffJ :ii. 1 J .!: tU
1 ; 11 ;.: .; ; n
coast
DATRT PBODTrCx? 1 OT I IT1CX
1 it !
Seattle. May 20. Eggs elset tmach. 2te:
Pellets, 21 1 22c . , 1
Bottar City creamery, 18c 5 bticka. 89a. I !
- Cheese Oregon triplets. 20e; l'oant AnuoK
ieas, 25c :. . v.. -i-, M-iftir .h..;Hi
Tw Aneelea, May 20. Butter, $7 e. ' I I
Fggs Sitrsa, 27e; case, count. 24 ; pnOsts,
ai .. u,., , .- , 1 1 , ,.. 1
PouJtry--Hens, ' 20c; broOers, . 24 See
fryers, 20c
: - KW Tert Petal Harket '
Sew Tork. May 26. L N. S.) Pntao
fin bank, barrel or bag) -Market stead; Nearby
wanav x- ga-i: sanwnni g o.atf.
per doa. ; rhoharb, l4o per lb.; spinach, local,
$1.25 per box; asparagus, local, $1.75 a LBS
doaen bunches. i -
j APFLKd -Extra fancy, 4-tier. $8.25; fancy.
4-tier, $2.75 3.00; choice, 4-tier. $2.50.
I APPlJ-uokuig stock, 75c$l.l a box.
CO U NTH I E MEA T8--SeIling price: Country
gs. 15 c heavy atnU avas; veal, tops (aboot
80 to 100 lbs.), 12e;; heavy stuff lass; lambs.
SCO 24c lb.M w i !
t. VMOKKD MEATS rlams, 83S6o sr lb.;
hreaktast bacon. 2344o lb.
FACK1NG MOCSK MKATS Steer beef. 13a
Is. ; heifers, ! 14a lb. ; , eows, 14e lb. ; issabo.
2028e: ewes, 16sl7e; bags, lfl7e lb.
LJkjuj svetua raiaeisa, x lae par id.; uarce
!.;
! 'BEAKS Sman white. $8,00: Urge white.
SS.OO; pink, i $7.00; iliasaa. $x.U; bayou,
$.T6; red. SS.76. ' !.
! ; HONKX Case, $5.06. '-, "
illUCih Japan, Nol 1. 6e; Bias Boss
Of.; hew Orleans, head, 6 c ,
COFFEE ItoasLji. 20t32elb,ia sacks
a drams. : H.i - ' : i
SALT Coarse, half rr, 100s. $15.50 tna;
60s, $17.SS; ; table dairy. 60s. $27. bo; baise,
$8.60 4.00; tancy table and dairy. $S4.U;
lump, $26.56 ton. i 1 - - r: :-i.-.--- r
i SUGAR: Cube. $7.3$ ;l fruit and berry.
$6.40: yellow D, $ 5.801 bast granulated. 26.20:
extra f. $6.00; foldea C, $3.90. ' '
L.VSNia alll Tails. $4.60; baby stas,
$1.50 case: Eagle. $0.25 ease. ; -- - . - ,
SODA CRACKERS In balk. 14 lb. I
NUTS Walmtta, B3t34c; sJasonda. 24 9
37 e Ox,; filberts, SOs ib.; pea nails, 11
, ,-. : t . , 1 1 !-C fJL- '" -'
Ajax Rub. 8s, '45....
Am. Agr. Chem. 7s '41
Am. Smelt. 1st 5s '47.
Ami Sug. St Ret. 6s, temp.
ens. -37 ..... i ... ,
Am. T. to T. col tr. 5s '4 6
So col. 4s '29
Am. Water Works 5s '39. .
Am. Writing Psper 6s '39 .
ArJ A Co. rL est. 4 s '39
At. T. A S. Fe gen. 4s '95
do adj. 4s '95. . .
do Tr. a. L 4s '58.
AU. Ooast Line 4s 1964
At Coast Line L Ac N ooll
tr 4s 1953 .
AU. Fruit crt la 1954
Att Refinery 6a 1931
Bait Ohio 6s 1929
I do cvt. 4s 1933....
: do gold 4s 1948.
: do prior ben 3s 1925
BA0 4sPLE4WV
I' dir. 1941 .J.,..
Bell Tel of Petin 7s 1945
Parnsdall 8s 1931
Leth. Steel p. m. 5s 1936
lo 6s 1948
Breok. Edison gen 7s Ser
; p 130
Brook. Rapid Tran. 5s '45
: 4o 7s 1921 v. :
B. IB. T. 7s,U.co.ctf.st.,2i
Bui. Boch. A Pitt.4s'57
Can. Nor. 7s '40
i do deb. 6s '46
Can, Pad. 4s perpetual. . .
Cent. Fdy. 6a '31.
Cent, of Gs. Ry. con.6s'45
Cent Psc gtd. 4i '49...
Cent, E.E. of N. J. 6s '87
Ucrro de Pasco .crt es 31
Ches. A Ohio crt. 5s '46.
C. A O. cvt. 4s 30...
Chi & Alton 3s '50...
C IB. A Q. ref. 6s "71...
j do joint 6s '58
C. A E. I. 5s '51
Chi Grt. West. 4 s '59...
C.M.4 StPj5vt.5s,B-2014..
do gen. 4s '89.
do gen. 4 s '89
do cvt. 4s '32
do rfg. 4s 2014 ....
do 4s '25 .
do deb. 4s '34
do 4a. Puget Sound '4
102 H 1102
103 4 jl02
100
97
82
88:-
89
89
83
86
87
81
44
103
89
83
81 H
93
794
107
105
93
99
107
63
84.
82-:
91 '
111
11 1
79
85
98
107
119
94
89 i
47i
99
105,
si
61
75
76
86
73 'I :
66
80
65
74::
100
97
91
81
87
8,9
88
83
86
87
81
44
103
99
82
81
93
79
107
105
93
99
107
63
84
82
91
111
111
79
83
98
80
107
119
93
88
47
99
1054
81
61
74
76
86
71
65
80
65
734
102
103
02
100
97
91
82
87
89
88
S3
86
67
81
44
103
94
83
81
93
79
107
105
93
99
107
63
84
82
91
111
111
79
83
98
86
107
119H
94
88
47
99
105
81
-61
75
76
86
72
66
.80
65
74
TRANSACTIONS
N3. N. W. deb. 5s 3S,.
Chicago Rye Co 5s, 27 . , .
fO S I A T rfg 4s. 84.,.
Chi Vn Sta s, 63 . , .
Chi A W 1 rs?S3 .il.
ChUa Cop art 7s." 2 ...
' de eol.tri 6s. 82
ICHncin iaa 5s. 66 ..... J .
C U C g i Ss; ser A. 29
POolo Son- 1st 4s, 29. . .
vol uas Kl 5s, sta, ;7.
Comp-Tab. -Record , 41
IJon l. Cable 4s 51 . , ,
ljr. Gas evt 7s '23.;,
pova Prods, s f Ss 34
puba Cane Sugar 7a trvt '30
( - deb ervt 8s sta '80,
V. M. J5. S '22.,.
t. A B. G rfg 5s '55.,.
f ' A ma A1 !; ' "
sai-w vwu -X4 , , . 4 -
p. K. rfg 6a ser ; B '40...
ueu uil ysi s - 32 . .
Dia. Match deb 7a '33.
Lmpont de Ktn, 7s "31.
LrtKi. Lt. & Power 6s '49.
do 7s '3S.T.i... i..
Pm. Gsa A F 7 s '37,.
bine 1st con.! 7s ext. '40.
da gen. ties 4s '96 ... .
do cvt. 4i, see. A '53..
do cvt 4s ser. B .'63..
do cvt. 4, ser. 1) '53..
Brie A Jersey lis '55 , . .
bramreican : lndast DeveL
deb. 7s '87 , ., i.
jen. Elec deb. 6s '52 . .
LSoodyear Tire A stab. Co.
baa Ss 31 i . . ..... .
ranby Mining 8s '25 ...
Grd. Trk. of Can. 7s '40.
ureas Northern Is '36- . .
do 5s '32 1 l
Green Bay 4c Western deb.
( B perpetual
HoQ-Amer. 6s
li 4 M. ref 6s, ser A, '57
do adi. in&! 5a. 'S7 .
Illinois Central SHs, '3H.
E do 4s reg. '58....
Indiana Steel 5a ctfa, '52.
taicroois-asiiL OS.
do 4 a. Te. fTA, ,f. KA
f K. T. ref 5s. '66 ... .
Int. Psper 5s B. i'47 . .,
int. Mer. ilarj a f 6s, 41
invincible OU Ss, '31.
Kajser 7s rets. , . . . .
K c Southern 5s. 50:
JK C Term '1st 4s. 60.
elly-Springfield Tire 8s, 31
sex eteet .S, za .
SAMS deb 4s. 28. .
do deb 4s, 81M...
iggett A Myers 6s. 61.
Lorillard Co Ta 44
L. A N. unified 4s reg. '40
no as 2O03
Manati Susar deh TUa'4-J
Market St By. eon.5s'24.
war. ou bs, war. 7s'Sl
alio rale Bteel cvt Sa -3H .
U. St. U 1st rfg. 4s '49
ao rig. os -oa .....
.St-P.ASS.llar. 6s 31
rv. & T. 1st 4s '90.
K. A T. ss ser A '42..
do adj OS aer A '42. . .
do 6s ser O '42 ......
o. Psc rfg 8s "26
do gea 4s '75
i do 6s '34;..,
Mont. Pow Go. fitter A '43
Mcnt Tnia. Col 5i '41..
New OrL Tef: 4a 'SS
N T C A H R deb Sa -as
N.Y.Cent tr H.R.con 4s,'98
ao gen ss. 1998 . . .
do deb 4s. 1934
dn Ss nfn
N. Y.EdisonCo ref ' "'41
N.Y.Gss EL L HiP 5s '43
N. x. N. H. A H. 6s. 46
n.x. It ref 4s tr ea etf, 'a?
N. Y. Rys ad) 5s, 1942 . .
N. Y. Tel gen 4 s. 1939
do ref Gs. 1941
R.Y.WestABost 4s, 46
Niagara Falla Pow fi,
rorf. b sou. os ser. A '61
Norf. tc West eon s '96
nor. traio tr. ret Hx w
Nor. Pac prior lien 4s '97
ao pr. lien 4s rec '58.
Nor. States Pr. let 5s '41
at. W. JJell TeL 7a "4 1
Or. & CaL 1st 5s '27
Or. Short Line rfg. 4s '26
o-w. R. & N. 4s '61. . .
Pac G. A E. 5s '42....
Pac. T. ft T. 6 rcta '37
Packard Motor 8s '3L. . .
Paris, Lyons, i Med. R. R.
os certf a rss - .
Penn. R. R. 6s "68.....
P. R. R. G. M. 4s '65.
ic income 4s 'BO..
Pere Mar. rfg 5s '66
Phila. Co 4s 34
R. L. A P. 6s '43
Beading gen. 4s '97 . . '. ..
It L A. A L. 4s '34. .
St L. Iron Mt A S. B
A a. dir. 4a 'aa
St-L.4u3.F.pr.lien 4s,A-'60
ao os, ser. B "50
do gen. 6s, ser. C '28. .
do adj. 6s '55
do inc. Os 69
do gen 6s w. L '31 . . .
Seabd. Air Line rfg. 4 s '59
ao aaj. os '4 a
do con 6a '45 .
Sinclair Oil cvt. 7s '25
an vs. rets. '37
do crude 5 '23 ... .
Sharon Steel Hood 8s '41
Sou. pac cvt 4s 29...
do rfg. 4s '65.
do col. tr. 4a 49. . . .
do S. F. term. 4s '50.
Sou. By. com, 5s reg. '94
, do 6s. ?56
St Oil of Cli deb. 7s "31
Term Assn S. L. rfg. 4s '53
Lmon Pac. 1st 4s 47
do evt. 4s 27
- do ref. 4s reg. '08..
union Tank Car 7s SO..
United Drug 8s 31 ..
Cni. B. B. A In v. Co. of S.
F. 6s 34 . . ;
IT. S. R. A I 5s '24....
V. S. Rubber 5s "47.....
U. 8. IK. 4 M. 6i '28.
U. S. S. s. f. 6s,"63.. ...
U. P. ft L. 5s 44. . . .,. ,
Vir-Cenx Chem. fis '28.,
do 7Hs '22. ........
do 7 '47
Western Pacifio 5s '46 , . .
West Shore 4s reg '61..,
West Elec 7s '81
W. fl.. s. 7s '3
Wilson ft Co. 1st 6s '41
do cvt 6s 1928. . . . . .
do 7s 1931
Anglo American Oil . ....
AUantia Lobos .
Imperial Oil of Canada. . .
Indiana Pipe Line.......
Int. Pet Co, ! Ltd. .......
Btandara OH ; Indiana . ..
hUndard Oil Ky.,
Standard Oil N. X...
99
100
116
103
V9
113
109
100
10
92 Wl
83 s
64
101H
Hi
99
16
16
. 71
86
97
96
104
88
83
108
99
94
924
96
113
88
103
100
o
102
92
47
47
1L2
ln
83
58
96
96
44
100 :
97
88
78
103
83
774
89
96
119
99
84
41
13
94
105
58
99
100
116
102
99
113
109
99
19
92
83
64
101
S3
99
16
16
71
85
97
96
104
87
82
107
99
94
92
96
113
88
103
100
90
100
91
45
46
102
81
83
57
96
96
44
694
96 I
87
78
102
83
77
89
93
109
98
82
41
12
94
105 i
67
103 1103
87
94
; 86
58
91 t
106
9U
91
81
91
934
107
87
72
87
99
80
96 L
93 '
42
26
61
105
99
99
99
91
87
85"
82
67 i I
106
81
91
94
103
109
87
72
B7
93
794
96
95
42
24
61
104
99
99
99
91
87
82
82
664
99
105
81
91
94
84
103
109
86
108
89
103
101
92
100
104
99
87
80
107
101
99
94
105
20
10
112
95
22
106
82
40S
MIRY PRODUCTS'
E IS
TON
ERRATIC
Butter Makes Unseasonable Ad
vance, Then Weakens; Sud
; den Change inj Poultry. ; x
DROP IN LAMBS IS
RECORD IN ALLEY
Loss of i $4 Places Extreme; -Top
at; $10 in Yards; Swine Show
i a Slight Reaction.,
it-
Tills week.
Week ago.
2 weeks ago.
4 weeks sfio.
Yeav ago. i. .
2 years ago . .
3 years ago. .
4 years ago!. .
PORTLAVn LIVESTOCK TITTN.
Hogs, Cattle. Calves. Sheer). -Car.
8T84 2047 200 SCSI- 143
, '
JJtUTy products' prices ! et somewhat ! er
ratic f during; the week.- being firm and easy by
tarns, with an undercurrent of weakaeaa per
meaUng the , market Butter showed unex
pected activit and advance bere during the
early imrt of the week with a f consequent fight
Cor butterfat and a aharp elevatioa of prices in
the latter. Both the North and the South were
Bayers of butter in this market during the week;
continuing operations of the latter part of the
previous week. Seattle and i Vancouver, B. iC
were northern buyers lie re during the early part
of the week and cObes went purchased ifor
Sothern account by Los Angeles. i - ! .
Taking the butter situation as a whole, the
weeks-early advance was-! something entirely
IleW In t lli. T-fi t t.r .n f .. H .1 . 1 ...
. j .v (UU, ICI irx irL ih . --. - . . ' V ...w
backwardness of the season as well as the in- I Pi was Shown with killers unmerciful in their
creasing demand tor supply. : In a measure !the I sMugntev ot values, h They have ;tor some time
3 -.2 I :
8783 i
255 1 -i
2541 ,
5241
663
371$,
:.t4i
1783
1409
3 I 2.1
17S
182
1323
fit!
4033
' 14K9
52
9279 '
8343
4367 '
137
1 IS
7
164
171
166
102
Xorfv Portland stwiwed. sreaknras generally f
p mj nr, ou sieaiiiness lor rattle. Run
for tbe six tis totaled, 143 ears, eomiiared with
187
ago. .
in
care a week ago and 116 ears, two weeks
A year ago the run wasi 164 rani
the sheep alleys the' greatest breakup of
advance in fresh cubes reflected the lack! of
aiuiwee notatnga.. - , ;
OemaBd for atnraee ia lufamll, h.
bat owing to the liberal outside demand there
was no surplus sere to nut bitn bni
especially aa ouuida sections were offering more
money than the local cube market yonld ituBiy.
either for atoraae nr fresh Mnmmnii.,
Toward tne closing of the week weakness was
soown in oaouoa . markets, being quickly reflect
ed hero in a lesser demand fne mK.. In mi..
t this changed condition lower prices are geh-.
vuoe ouiuer extras rilled:
Port. Chi. N V 1 i
Moo. .34 e SSUe 86 n
Tnea. ,.85o
Wed. ..35o
Thur. .35c
Frt 35e
Sat ...35o
Wk ago4o
Xr ago28e
I Friday
34c
85c
35c
34c
84e
84 e
27e
86c:
36o
30 c
36 e
36 Ho
86 e
29 c:
.8. F. ; JJ
38 o. 40e
s e 3 So
3e
37c
87e
'SSo
35c
89e
89c
37 He
37M.C
40c
370
staa SltnaaJnn la Sbna
While aelline
the. same as a week ago and one cent ahn. a
year ago, baying prices are la below last week's
fmal figures. There appeared a weaker. do ma nd
for supplies especially toward the closing of the
week. Outside markets ifw-ti -tra
ditions resulting in a generally lower nrin
range. Storage ooerationa remain on a liKmi
scale. ,
Select eggs ruled for week: 1
Port PM V T e n v.! a
Mon. 26a 24 ,39e 25a 27c
" .. . .,. . .-'oe id a se US Ho
Wed. ...... .26o 25a ai ;su
Thurs. ......26c 24 He 8e 26c
Fri. ...... il 11. ' a
Sat ..v.,.i.26e 24 e .S8c
Week ago ...26o. 25c 39o 26o
Year ago . . . .25o . 24o '. . 33c 25c
fnaay.
28c
26e
26c
26c
27e
27e
24c
fSeuMn Trln fti.nn
While during most of the week there was
denressed tone ind liva., nr,i ..-
chickens, extreme atreneth waa ahnwn rlnrln. , i.
laat two days of the period with the receipt of
ery targe oruer. i ne (rem nd was especially
lux orousrs, wtiicn naa Deen weakest previously,
i vouniry waives Slump
Market for conntrv killed nim alin-wi A.
edded: slump in the Front street trade for the
weea. file to climatic conditions, .thess was
little demand at retail and tha small increase
of offerings soon overburdened the wholesale
trade. : i
Country allied haes were about ateadv dnHne
wie weea.
Lambs ware weaker and lower.
Potato Buying Ceases
PraeticaTiy no operations for outside ahin-
lueoa wece snown m tne noraxo trade roe tha
week. There was a good local call, but at low
prices. Outsiders amies red not intxrexterf , in
tha local situation and most of the previous
buyers were sellers whenever given an oppor-
LUH114T. . . t:
Wool Sttuatkui Fk-m
Wool market situation continued atrone. ana
only in the Pacific Northwest, nut thmnirlinat
the Western territory. ; Sale of Texas wool at
ae a potins created soma, excitement. Tha
only slow trads reported is in the Willamette
vaiiey.
Mohair, trade was firm at foil prices daring
been determined to best to a low! level the price :
oi lain o ana ims , week s big run gave them
the opportunity. . i '. ,,
The week's big showing of supplies appeared
to be timed for the sole purpose of forcing thia
drop because a very large par cent of the offer
ings was not for the open market being con
sigaed direct to killers. , They aned these pur
chases t- force the general reantloa in .values.
Lambs dropped from "314 to (10 during tha ;
weex, a record loaf for a
market i
1 abe
liks
jperiod
General sheep srxe lamb trade
cnoice spnsg iambs . ,
Medium spring lambs ,
Common spring lambs
Call spring lambs . '. .
Light yes I lings .....
Heavy yearlings . . . .
Ught wethtrj ..:...,
Heavy .wethers ......
L'wea , , . .-u , . . .
this
9 00 16.00
8.00 9.00
6.00 8.00
8.00 6 00'
8.00 9 00
7.00 4 6.00
7.00 to) 8.00
e.io 7.or
2.50 6.00
I . ' j CatUe , Market Hlaher . i :
Tops in the steer division were quoted np to
39 sit North Pcfrtjand during the- week. I Theiwi
was a slight decrease In the total supply avail
able for tlis market aa cbmpsred witln last week
snd the 39 extreme in thia division was continued
over from Isst week., .General tons was consid
ered steady during the period.
General est us market range: ' . 1
Choice steers ...2
Medium to good steers
Fair to medinm steers ........
Common to tsir steers ........ i
Choice cows and heifers L I
Medium to good cows sad heirers
Fsir to medinm cows and heifers
Common toj lair cows and belters
Can nets J , ........... .
Bulls . . ' . j
Choice feed) .............
Fair to good feeders
Choice dairy cows ...........
Prime light calves . .
Medium light eaivea ... '
Heavy dairy eaives ,
16
108
89
103
101 4
92
100
105
99
87
80
107
101
99
94
105
20
10
118
95
22
107
82
493
lie lb.; pecans, T32e lb.: Brazils, 18 A 20e lb.;
penestnats, japanase, 2Zai2e lo, .
i I- Fish and Shellfish
FRESH FISls Uliinwik. frMb. 23? a b
halibut 18c is.; black cod. j 10 lie lb.;
basket kippered cod, (2.25; lint cod. 8e to.j
smelt $1.25 boc; sole, 8c lb.; sturgeon, 16
USe lb.; shad, dceased. 8e lb.; roe, abad. , 12 c
pet in. -i -
OYSTERS- Eastern. 94.50 gallon : Olrmoia.
85.00 per gat, 31.40 quart; crabs, largo, 33.69
Oox., small, Si.oo ana
j ; ; ; Haps, Wool and Nldas
! HOPS 1921 erop. nominal, 15a ft.
: HIDES Calfskins. 10c lh. kina. Be R..
green nides, so ir. ; sanea. oe in,
AlotlAltt. nominal. 2Htw a
&HLEKP, PELTS 'Long dry perta.'! Be: abort
peRa, 7e lb.: long hair goat! pelts, 8 6)10e
lb.; thoTT natr goat pens, -oe eacn.
WOOL Willamette valley, eoarse. 20 49 39c:
medium. S2S3e lb. : fine. 36tSsa The Kaat-
rn Oregon-ioano. ivsim in. )
TALLOW AN O liliKSHK r? Ho. Z
4e; No. 2, 8 a.
- nopa, rajnx, pits -:
Drip's! ftWi: 1 S Sk 1 B - U.nila II U At.
per' lb. . j,
wiaa naiwj-enaw pnoe. ,i.v atau
LINSEED OIL' Raw. bbfav. 31.10: ketlbi
noasd. bbts. i.i2; Saw.
cases, 31.37 gsi,
Per xaL
: - . Tkasnoap anaj smitasss ;
l,lMft MtSASif ; ternhflr eafee hv aamitftmM
(notations leprosenUBg I. o. n mm values in
direct sales to retailers and lartnding aeillng ex
pense: !
i FLOORING: I High.
1X4 No. a r. g... ...351.00
1x4 No. a f. g...... Su.OO
FINISH;- . 3i- '
1x8-10 . . ..i ...!.." 68. OS
I CK1LANG: .H :
x4 No. a and bettor 83.00
I nunp niniikiiii. :
ix6 No. 2 and better 36. f9
i : BOAJUJS AND S tUP LAP:
lxs-ie sis . . . . . -. , - i4.o
! DIMENSIONS i
2X4 12-14 No. 1 . . . 14.69
GASOLINE ( Iroa bbta, 26e
'"' ! I
mi; boiled.
88 e
Low.:
347.09
31.00
f'Pra
947.90
- S4.O0
1.00 83.00
30.00 83.00
)i 4f' 1 ' . - '
82.09 3 3. SO
18.60
132.SW-;
4x4 12-18 als
?10
13.66
LATH:
4ft. Sa 1 fir
1 SHINGLES:
2T.88 ia.0 1C80
) ' ' , i :4 r ' i ' ' -
Mat sales Vy 3s' aaula, 7.20SOO feet"
ff. 111. , I ' in Ij ii H:l J, , f J!"
$ Ui HIlnneanotls.-Dals th lia' "f -XC I
MiBseapolis, May,20. ITai -May i and
2.7r on track and to arrive. 32.74 e 2.76.
Duluth. May ' 20. Flax (May. . July and
epeesuMr.' uetanec. S.11: mm- tn
and to arrive. $2.73. l t:
COTTOS- TTJRITS DOWJWiED j
AS RESULT 'OF BEALIZIKG
New York. if Msy 20. The. cotton market,
after a serins of hesitation at the start today,
turned downward, somewhat sharply, partly as
the result of tha visual week-end realizing and
partly in anticipation that the preliminary of
tne gamers assoaatson would be varied. Frit
closed easier off 13 te 27 "points. !
: The opening was barely steady at a decline
of 4 to 17 points with July contracts seHing off
ta zo.03 and October to 19.89 or about 65 ta
7S points below tha recent bast prices.: Rallies
of several points followed on trade baying and
ocvering for over the week-end. ,.
, Week-end mUn of the goods market were
generally onexmrsawing. - Fall River sales foe the
week were estimated at 175,000 pieces and tha
curtailment of production at 75.00U. It was re
ported xnas Dosiness an itoe local cloth market
has been moral general and that tha demand for
saras was lncreaamg.
: i Month i
Jan.
March ......
Mai .... a, 4
July
ft. 3
oOCtt. 1 (4 t J
New Tork spot market ,2143. -!
; Liverpool ooUon closed nnr hanged.
Open. - High. . ' Low. Ctostt,
1977 1980 1962 1963
1978 1999 i 1945 1943
2107 2123 2090 2120
2007, 2015 1987 1990
1990 1993 1973 1977
1985 1993 ! 1972 1977
: Tre)d Frntt and Beans
' New Terk. Mae 20.- I. K. R V fli
Market strong.: Marrow, choice. 38.00 as a 26:
pea, choir e, $8.50; red kidney, choice. $8.75. .
Oned Frnits Market steady. Anrimta. eholea.
o exura tancy, as m appaea. evaporated,
prime te fancy. 17 9 21c; prunes, 80s tn '60s.
18ei8e: do'SOs to ' 100s, 612e;
iwna. awaa to , aaxxsi laner. laovzze: aa.
isas raiaina, solphar bleached. 22 923a
r Winnipeg; Wheat Options
Winnipeg, May 20. Wheat:
: Open. High. . Item.
ay ',:..! 138 138 1ST at
July ...... 136 13 laiila
uct
......123 123 i 122
387
139
122
.-. .
2- k
Kow! Tork-Landon BDrer
?few Tork. May 20- Commercial bar aflver:
Domestic wnefaaaged at;99c; foreutn 1 c
higher at 73 c 1 ! -: , . - :f.-f
Londoa. Atay 20. Bar ailver 1 A hiaher.
M He...- t . : i il.;;' .1 :f r .;, - j smV'A -, -4.4
t- , i-
HeaTT Bairn at Btpyacf
Heppoer. May 20. A apiendid rain, the first
srheo April 14, deaoended task, snght and as mam
tiBwrnc thia morning. worA aa iiautaensa ansa
ts faracexsi of Morrow
Wheat Is Lower
Again at Chicago;
Trade Is Erratic
: ; I ; . .
Chicago. May 20. The wheat mark. ...
enlivened during the last: hone ,
th brouii-nin of irtda nrirW: llAVI.TlMl ,MI.
tdderable weakness. May waa erratic but cash
nouses sota wneel tney nad picked up in out-
ue wno. ana as started turtner liquidation
by the looga. ' There were 800.900 bushels of
wheat bought from the Southwest and the West.
em muis to coma to this market and 100,000
bushels of wheat were sold to go to store.
Presnre on July was mainly from houses who
were identified! with the long side of Msy.
Some of the trade was inclined to the belief
that 'May ; longs were hedging the cash wheat
they now own in this delivery but other claims
tnat- taiS; selling was by Winnipeg interests.
Cash demand was slow. : Seaboard reported scans
new rea winter wneat worked for export Farm
ers were reported offering new wheat freely at
$ 1 : a bushel, f Month west also reported farmers
free sellers of wheat indicating., a better crop
poBBos. ine marset closed HW4HC lower,
msy 1.S 1.36, July $1.23 1.23
September $L18 1.18.
Corn held . well in face of the weakness In
wheat." The feature was heavy buying of July
oy -an export, noose, lata while earlier this aa
house i bongbt September. Cash booses wi
the princiDsl sellers. The - demand for caah
eorn waa alightly improved and; Judging by tbe
Duymg ttr : iutures tna rteaooara report business
mast bats Daen large, i ns market closed &
He Either; May. 61 e: July, 646aT
September 66 4 a i
Oata were aoiet. Cash hovtaaa Isonvht and
resting orders to bay July at 39 a steadied the
market for a time. Tbe break In wheat was a
aepri ssiiis factor. Cash demand waa not ao
good -as of lata. The market closed no to
188 down. May 87, July, 39. September
40. - ' ' I! !
Provisions were irretrular. May pork and ribs
were bid up by shorts. Liquidation carried other
pnMocw imrer. mm ciosea xoe, np, iaru. zswy
in iown anr'nis eve np to et lower.
a;nieaga range ay united press:
.. WHKAT . :
Open. High. Low. Close.
Msy.i..... 330 140 185 133
July........ 124 . 124 1123 123
September... 119 119 118 118
CORN
May ... 61 61 j: 61 . 61
July....... i 64 64 : 64 64
Septetuber... 66 66 . H 66 hi ,. - 66
!;', ;: I OATS ri. U '-,": ".
May,J.L,. 87 874 I 87' 87
July 89 89 i 89 39
September... 40 41 . 40 40
roas,
Mar........
Usy.,....M
JulyJ..... ..
May.:..;,
July. . . . . ,
September.
May.
July.
,, . W M
! IAHD , !
j w a ''
1160 ,1160
1170 1172
RIBS '
: 1310 . 1330
I 1195 1202
1188 1190
i ' BTE f :
108 , 108
107 i 107 4
1142
1167
1300
1192
1183
to
103
i 2320
1140
, 1147
: 1170
1330
12O0
I 1185
106
103
'r-,l Chicago pAUto Market . --I
Chiearo. Mar 20. (L If. 8.)i4-Potatoas Re
ceipts 67 ears. Wisconsin round white. $1.60
1.60; Idaho ruaseta, $2.00.1 New Alabama
Triiiasphs, $3.65 8.75. .
::fi"i: Xsw York Ponltry Market 'i1'
ISaw Tw Mae SO I. N. Uve noul-
try Market acta ve, - Broilers, 40 60c; fowls,
2SfSuc: taTkevs. 2 3 40c: roosters. 15o aak:
ducks. 37 WXSCi geese. 11 e?i
- nil, rranelsro r Cask j TBarler
Ran Francisco. May 20. Barley Spot feed.
per ctL. $L35L40; shipping, $1.45 1.55.
BOSTOW COPPER SHARES
(Reported by Overbock A Cooke Co.)
Bid.
Adventnre 60 ! 65
Ahmeek.. 64 45
Algomah.. 20 i tQ i
Allonea. . 26 I .' 29
S I . B i
Oentennial 11 1 12
Cop.Rge. 44 44
Davis Oaly 8 8
E. Batte.. llH 11
Frank, Mg. 2 2
Hancock, , , S : , , 9
Helvetia. . 1 . 1 i
Iw. Creek 114 114
Keewsnaw. 3 . S
Kerr Lake 8
Lak Cop. 4 i
LaSaiis..' 14
Michigan. . 2
Mohawk., 61 .
M. o. Ool. s-
2
M.Battav. 13
3
6,
p2--
. 2
62
'""'
13
I . ij,. Bid.
ilptssinr..
N. Laks.ii 20 i
fa il. Op, 26
OseolaMS. SS
lObtjasre.,.. 3
mus. sasi, ve f
Lake. t . 46
teup. Bostoa 1
KJ. AMch. 41
do Pfdi 25
taap. Cop., Irs
lirtn. cots,.. 1,
iTuolnmnw 90
("tab Metals 1
C tab Con.. 2;
O. S. Mng. 44
L do pfd. 46
Utah Apex 8
Ventora. , '..21
Victoria.;. . 1 i
Winona..',,, 1
KTelvenaa 14
AA.
': 6
60 i
Hi
: a
: 47
- 4T
; 14
42
2i
. 1
K ln
93 :
1
I'" 8 :
43 ,
'47 r
2
: 2' .
I 2 j'
13
8.30 9.00
H.00MS 8.60 '
T.OOd HOD
6.60 '7. WO
0.75(4 7. MS
m.lbft tt.75!
6. t)0( 6.76
4.00 b.OO
2.9 4.00
3.75 (A 5.25
6.25 (t 6.25
4.76 6.26
8 50(4 9.00
8.00 8. SO
7. UO 8.00
4.50 7.00
I ' Swine Market Is Lower . -1
Slight reaction from the liltrh tmlfit waa airtw
in the hog alleys at North Portland for, the
week.! There was a fair increase in the supply,
but this seemingly was - nut the ciuse of tha
drop of j 25o- to $11.60, as the extreme' top
was quoted .at $11.75 on Monday and Tuesday.
General bog market range:
Prime light $11 .23 (S) 11.50 i
Smooth heavy, 280-300 lbs. ... 10.50 1 1.00 !
Smooth heavy, 800 lbv Up... 10.00 10 50
Rough heavy i 7.60(9 9.60
Fst 'Pigs 11.2311.60
Feeder pigs ............... 1 1.23 1 1 SO
Stsgs . ,..: ! 5.00 7.6"
! ; DiaposiUon of Livestock , I
Following: wss tbe disposition ot livestock at
norm i-ortiana xor tne ween:
Delivered! to:
Barton A Co. . . j . ;
Carstens Pkg. Co.. . .
M. J, OIU.
Henry Pkg. Co. . , . ,"
T. Rj HowiU ...'..
S. Kaptur i
Scblesser Bros. . , . ,
Swift A Co ..
United Meat Co..,..
North j . . i , .,.
Miscellaneous ......
Through stock ..;.;
Oregon feeders . . . . .
Washington feeders. .
Csttle. Calves. HogsJ Sheep. I
14 ...i 1009,
. . i . . . 854
... -34 131
i su.ij
. 226
126
. r.s
. 881
. 74
. '225
. 24 7
. 15
.., 192
I ... I
160 23441,
8 75!
... 403;
107
... 106
. . 839
137
12o5
85
a !
72
.!
'iiol
i EASTERN CASH WHEAT
(Reported by Overberk A Cooke Coi) '
Chicago, May 20 Cash wheat: No. 2 hard,
$1.861.36; No. 3 Montana, $1.30. .
Winnipeg. May 20. Cash wheat: Ne. 1
northern, $ 1.49 : , Nd. ' 2 northern, $133;
No. 3 northern. $1.30. . 1
Minneapolis, Mtj. 20.- Cash wheat: No. 1
dark northern, 31.58 1.62 ; No. 1 north
ern. 31.32 1.58 ; No. 1 dark hard Mon
tana, $1,42 1.50 .
Omaha. May 20. Cash wheat 1 hard,
$1.30131; No. 2, 1.30131; No. 3.
$1.27. ! 1 "i i : 1
Oats No. 2 white. 87o; No. 8, So He.
Rye 96a. i
Barley 86e. ' ';
Sti Louia. May 20. Cash whest Wait- 3,'
$1.871.8$; No. 8," $1.80 1.33 ; No. 2 hard,:
Oats rNoj 2 white, 40 a
jSaa Frasclseo Poultrr Market
Ran Franoisco. May 20. (V. P.I Poultrr.
urouers. x v x IPS., SZ13.14CJ 1 to 1 .
SflPBSc: 1: to 3 lbs.. SSdeSOe: tatnrvA e.
era, 2 to Slja, 36(i44c; colored young roosters.i
3 to 4 lbs., 434Tc: over 4 lbs., 3644e;
staggy, showing spun. .2580c( oolored old
roosters, 17 19e; Leghorn okl roosters.i 146
I6c: Leghorn hens. - 2 ta a IV., navii..
J.Ibai.snd over, 24S25e; Urge colored baaal
SO 82c : " '
Oucks Tbonf, 2325e. I
eese senna. 2t:p. i .... i,
li. Sn.w. . ., , : ., t
leed Turkeys Youaa-. 424,
r-
Sf
stsrltof,'
Forelra Excnir Karktt
new lort. My 20. 111. P I O
tbe list today wss irregular. Demand
003 1 T' -080? ' -Wo"l marks.
The list elaaed irreenlae 1
- Demand sterling. 84.44 ; fraaoa. .0908!
ure.ylo; marks. ,0033; kronen. .2134.
i it , s . j..
I Kow Tork I Wpol and Hide i ,
New Tork. 'May 20 ft K. n i va.i
aisrsec strong. Jjomestle neeea, iX Ohio. 88
wave; aomesua puuea, scoured basts, 6 0o
31.00'; domes tie Texas, scoured baaia. 4n,ia
ill 1 i . : i ,
v - : . t
Hide. Market firm.
branded steeri, 13c, j
i- -i ? .
I 5w Tork Bank Statement1 ' I
New Tork. May 20. Bank --
ages: Loans, increase, $96,742,000; demand de
posits, increase, $68,088,000; baa deppsiu,
decrease, $73,000; reserve, decrease, $2,454,770.
. Actual Loans, mcresss, $97,689,000: da
mand deposits, increase. 366.109.000; time de
.,sjf,w; , raaerve, dec
Natlv staers, 1IH;
posits, I increase.
S29.88,V30.
3Tsw
Tork Sarar and Coffee j j
New Torki May 20. (TJ, P.) Sugar flrta,
relinotl Steady; granulated, i $3.30
Law. $4.07
5.50.
Coffi
N. 7 Rio spot, lit 11 e;: No.
4 Santos. 14 14 c
I
$: A 3jraal Btores Market ; ' I - ,
New Tork, Msy 2"0. Turpentine: Savannah.
90c; New! York,. 97 Sic i - ; , i -r. I !
Ro-wn: Bavaanahi 34.15 4.4$; New! Tork,
'4i:-M,:"- -4't j - "' h r ih
FOBEIGX EXCHANGE SATES -Corrected
(daily by tha foreign exc bancs oo-
partment of tbs United States National bank.
Quotations below (except the noand steriinsl
are quoted on the basis of 100 units foraiga
eorreney. i f : I . '' li - i I .
Opening' nominal rates on bank tranaactjlens:
'i ; :: I . I ; . Draft H : . Cable ' s ' Par
Lt.ndon ' Checks.! i Tranalers value
Lb! sterling. $ 4.44 $ 4.45 t $ 4.866
Paris Franc. . 9.05 6.06
-.88 s .83
8.11 6. J 2
Be run Marks
Genoa-Law.
Athens
Dracbrasa
Copenhagen r
K
ChristiaBia j
hrooer. , .
Stpckhoha
Kroner,, ri
Hongkong L
9 4
19.80
23.81
19.89
4.19 : .4.21
,: i . W-
21.30 .'j. 21.85
18.52! .."-j.." 18 57
'2,f0! ;.:'"';. 25.75
'89.4 :'!' 69.66
47.S5 47. SO
Saanghar Taets 80.75 81. OS
19.80
28.701
2d.Tw
, J . ,
Canadian dollar discount l ,per cent
INTElJJGiEKT PRODUCE MARKETING;
, Maka vniir nrnduce worth mora monev
by uaing latent "methods at the time you
prepare ins .srupmtrn s irwiutKf;, ,
ftlHiWHlw'lici' at bnt.'f: If
Wo WIU Bo Pleased to Tell Toa How
RUBY & COMPANY. 189 FRONT ST.
. .- t'Olt I LAJa A, VkUS. l-U-'.;
i
. 1 . -ri'D-:' J 1 ' ij,
i i - ' .' . : - , ... 1
-&t'. :.;.". ..a.--'- .Till t"'! l!" 1 t ' . i ii, '
1
- V