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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (June 21, 1922)
SHORT COVERING FORCES EARLY ADVANCES FOR SPECIALTIES IN THE NEW YORK MARKET CALL NEW YORK BOND TRANSACTIONS Reported by The Journal's Ws REACH 1917 MAR AibuSJ quite out of i.4' 1 Ki?' tlon to Uh j ft .T, . merit of pri A iV'' Nevertheless sav- ::m ' By Stuart P. Wm Wall Street. Kew York. Jane 21. Todays .etecfc market was inncb of tne Mm mt as r..-i.. i tiwi naral IM took ita eue from IH raimi nyinwuui fmr-.'-.i mi. -!--a -tain apeealetive . "J WHen ncB as afex- 5 " ' '- .. nil Petrol nm. Swa- 2 debases-. Oolf States, V? 1 8teel and Ueneral Aa- f1 poait. Tbw advances i in tiwi stocks ware of propor- Um move- pnces else- hicn was small. to act theae operation down a nothing mora than "sqoeexing" a ahort interest bttnn ai: pie ignorance of the facta. That abort cov ering bas piaved part is. of coarse, Terjr certain. But a abort interest could not tiave been run la the wit it has been I be last few days tn Mexican Petroleum and feturlebaker had .not tfee way been prepared by important buying founded upon the Debet that these stocks' were selling too low. - Petroleum Rise It SSvttai-v In the case- of Mexican Petroleum, the actual reason for the 0-potnt upturn la not jret plain. The stories coins around today that the pan-American in ccurse of increas ing its holdings has been the bis buyer of the past ' week, sua left the motives behind these purchases in doubt. If it appears, how ever, later on, ; that an entirely new and valuable oil v territory has been discovered in the Mexican Petroleum fields, thereby doinc away with the fear which Vyalt Street has had for the last year and a half that pro duction was-, runainc out, the whole situation wih t clear enough, - - - As for Studebaker the rise of the last few aays has a reasonable basis in the extraor dinary earning of the company and the like lihood either of an extra-dividend in stock. or esse in casn or a flat increase in the present taie vi uisuiooTlon. " t Call L runt Bmirrt The moft Important Incident of the day was the further lowering of call money rates. The renewal on standing loans was marked down io per cent for the first time since October. JO 17. the period, that is. before the money market had begun to feel the strain of " i o wnat extent tills evidence of a super aowmanre of the money supply emboldened n-uTiun on ine btccx execange was auction. . 1 here was no mistaking its immediate effect w , investment, especially m the market ir i nnea oiates government bond. New j records were made by the first, third irai loans. company bonds were not " . iney were inclined to work "" me rise was unimportant. ciuiwraiu iouna lit tie reason for maintaining short control in the stock yi a company wiucli is likely to show earn fngv of, more than 30 a share during 122 in tno scramble to extricate themselves from pociuoru mat have grown steadily more nrr- . canoua. the bearish element bid Studebaker , vp to a high of 13114 compared with a low i weex ot 1 1 f . - Mexican Petroleum continued to advance, th ne maintaining all the special features which nave cnaractenzed ita mounting from a low oi lias, last week to a high of 178 at the wp oi te current upswing. Mow , wida tlie- market in this stock became as umes may be gleaned from the fact that ports were spread that "hard luck" houses reiusea to accept selling orders in Mexican rruweum unless certificates were deHvered. - nese rumor, of course, had no other founds twn . than the disorderly character of bearish cviiungeno. imrmc tne last hour the market turned careirea and a recession of several points taken in Studebaker and Mexican petroleum. but final figure showed the general list well aoove .the previous close. . Tho market closed lower. Oil Test la Highar as me oay went on tne extraordinary per- . mnnance in saexican petroleum began to in- imenoe the other share. Heaw bnvinir r "Txas Co. was inspired by reports that another stuck dividend was impending. There was sn aggremiva renewal of pool operations in -Houston Oil. Texaa Pacific Coal A. Oil, Cosden, Lsiuomia. I-etroleum and Pacifio Oil Sugar stocks . reported to the new high vacora Tor tne season established this morning hi both refined and raw. Shipping stock rallied smartly and so did the tooaceos. Steel . ; common got above par. It was evident that liavtng had its readjustment during the fir- two weeks of June and regained a sound - position, the market had resumed its upward movement , SoM Stocks Art Reo laced atockn n which profits had been taken in April and in May had evidently been replaced 7.. during the break of the present month, little llappened In the outside news to influence v speculation one way or the other. Iron Trade -a' reviews reported that the Steel business was feeling the coal strike more than at any time so far: This has not as yet lead to any curtailment of output, but is led to more of an upward tendency in prices. (change Rules Lower Both sterling and Continental exchange derlltied again. The recovery in sterling to - 4.44 waa followed by fresh offerings of com f merdal bills, which had been withheld during ; . Mwnday'a break. As a consequence rates fell again rather sharply. In the last half hour the whole share list ' " Celt the effect of heavy realizing sales and came down sharply from the highest figures in the ' - early afternooni In many instances the entire Mary gams were tost. . Industrials Advane RapMl 3 Furt her rapid advances in industrial stocks ' waa followed near the close of business today . by a still more rapid recoil, which left the greater part of the list below - where they s closed? Tuesnsy. There was. of course, no nuta1d explanation, nor was one necessary lor the break at end. It meant that the de mand to- cover short contracts had spent its , force midway through the afternoon and left , ' the market position once more vulnerable. Professional speculators were quick to see this and offered prices, down, encountering Hula . . resistance, p : - Discount Rata Cut - It waa not nearly an hour after the close of business that worn came of the reduction in - the discount rate of the New Tork federal : serve bank from 4 H to 4 per cent. The 4 rr cent rate is the lowest since December, 191T- The ' effect of thia action has been - fully anticipated in the money market for a '. long, wrrue fast. ... "- . uuviug eariy pan oi the day the mar . , get waa oi morn we same sort as Tuesday. " " FOBEION EXCHANGE RATES Corrected daily by the foreign exchange de- . - . ' - . i. , . . - wl 1 1 jiir-nt w hit- Loiwa oia-ses national oank. uuotauona twiow (except the pound sterl- v mil ar quoted on the basia of 100 units . loreign f uiievey. HeBinc nominal rates . - tions : Irsft Cable Par Checks Transfers Value Wavn trat. VlW TOTt. JlM tt BwC prte today wre er CwmfUet tmg outside lafluemcea. u s. fwer. Beat tecirtUM warn aarnm -taadlBc featara, eqaalllna; r pavasUf taair areyloaa hick M tka reH tne lart-er lewering: f ca y rmtea. The 4 pr eet rMwa4 wm th lowest slaea lata la Jt7. The f fect of today4 raductiea waa aavtaraUy most rBoaad lav tha Liberty- cronp, althourh Staadard railway inorta-aKcs la th naia hardeaed. OffaetUar these sotats of streacth ware "ur, tbroaa-hout the- foreiar" arorern meats, especially diriig- th flrat half of the day, whea raited Klafrdon hVx eaed ....k.. mmA th mBtlBeatal ex- via e -- . i.t nn. wi.ater some or . , . tha fraeuoaal losses were V. UaBy eaaeeued. Th t-w dom lta loaa aeted o.mlto lndepend aOT of; th other two -Vi per ceats, was la demaad aboro 1M. a eompared wivh TaMdarU lew aroaod Its. Imb sroTierameat bonds were Urely stationary pending owtiuir.. la the Mexican debt settlement. New Tork, June 21. Following is an it of all bonds tiaoeu in oo m Tork Stock Exchange today with prices U nn to and including os market. acaimt Street Bureau- Maturity. I High. I Vow. . 81 do pri lien 4s ' 20f ' do est 4s, scr A. ".' Sf 'do evt 4s, ser l SKrie A Jer6s.,1 4:Fike Bub. Co 8s. lSiFram I D deb7Hs 4jS F Sugar THu 1IG1 H43AMPlst3sl J2 Goodyear Co 8s.. j 15 do 8s ..... 11 G T of Can 7. ,.. S do 6s . -r- 158 Gt STor 7s 15 do 4 Ha . 44 do SMl ... 53 Or Bay & W deb B 2 Havana Elee S. .. 2 Hav ElKLaPiij l!Hoi Am Lane as . offi New and close of the Total sales today were ll.sw.; S1B.12B.OOO yesteruay, m,oi, week ago, S12.013.ooo a year w Sll.475,000 two years ago; iroin January to date. 2.2.eU,oou. i'J'" - 122.000 a year ago, ana i,i,ii, yean ago. - I4BEKTY BONUS Bales. IN SlOOO ! High. Low. Close. 27 B Liberty JO ' 87 8 2 19 34 411 lO 1030 21 460 1 3 7 .110012 I10O 1OOO8I10Q12 90901100 100141001 998o'100 10090101 do 1st 4s rex do 1st 4?s - ..10020 do 1st 4 Us regjlOO dm lst-2d 44I101 do 2d 4 hit ..100Oil0O 10002 do 2d 44s reg! B994! 990f 9092 do 3d 4 141 . .lOO12100O10006 da 3d 4Vi reg! 909i 9994i. 9U90 do 4th 4 "4S . .1001U100oflOOT4 do 4th 4 regilOO 99010O Victory 4s . . . 1 00lOO58!lOO04 do 4is'C . . ,10054ll0054!l004 do 4i.s reg. . . ;lOO52jl004810050 FOHEIGN BOM 2 (Argentina. Oov. S do 7a . . . . 13 Belgium 7 Hs lo da 8s rets. 181 do 6s 2 Chinese ioT.Ky.5sj S5 1 Bergen 8s 10 6; Berne 8s 2 0 : Bordeaux 6s 7 9 (Copenhagen ls ChnstianU 8s ...102H 18 Lyons Os 84 2 Marseilles 6s . . I 85 lflCity of Hio del Janeiro 8s 'ililOlH 161 do 8s ctfs '47il02 S 18jSao Paulo 8s w ijlOl HJ BlTokio 3s TO 4i,Soissons 6s . . . 84 3 Zurich Ss 112 OiSeine 7s temp: ctfs 92 1; Danish 8s A...fllO ' 1 lora Rep 5s... j 90 H t Dou of Can SHsi notes ' 1 1004 12 do 8s 2. . - 99 122! do 5s '52. . . 98 15 do 5s 31 .... 94 25;D E I rcta s '47 94 H 23 do rets 6s 62! 94 5 84r84s 84 .100 I w I ' il08U108 108 .107 ilOn108 .1102 102 1102 65 55 ioo ioo . -Illl !U1 U 111 hi 84 84 91 i I 1 4 9jFrench gov 8. 43 48 154 19 8 23 1 48 K 8 201 12 15 11 do 7 141 Imp Jap lit 4H do 2d 4 fes. . . do stl loan 4s K ot Den 8s. . . do. ctfs 6s . . Italy 6 Vis ser A or k et rets K of Nor 8s. Rep of Bolivia Chile 8s '26. . do 8s '41 . . do 8s ctfs . 103 100 92 91 V 77 H 1104 98 hi 954 97 s 110 8s 101 . .102 . .1104 14 .105 6a SO Ccecho 8s 854 1 3 Queensland 7s 101 5! 141: 127!' 72 18 41 44 25 108 4 109 4 .102 .'118 .1102 108 4 102 hi 84 to' 85 101 H 102 V4 101 70 83 1114 81 4 110 90 to 100 to 984 97 to 4 to 94 934 103to 100 to 91 H 0 5 77 to 109 to 98 954 97 109 to 101 100to 104 to 104 to 95 to 108 4 100 to 117to 102 107 to do , 76s ctfs ! Swiss Gov 8s Sao Paulo Ss . . . in n a i s u do Stos '2B. .I108to!107to do fto '87. .I104to!103to S Braxil ,8s. . . 105 104H 8 Mex Ss I 63 60 do large 5s. . .1 56 to ! 66 H do 4s I 51 I 49 to do irrica 4tos 45 I 44 NEW TORK CITT BONDS 3'N Y City 4toa ..!103 .1108 103 13j do March of '04 1 103 102tollOS s: a u. m inn hnl 11 n.1 RAILWAY AND MlbCEI.I.ANEOl'S BONDS 84 91 102 to 84 to 85 lOlto 102 to 101 70 83 1114 91 to 110 90 to 100 to 98 4 97 to 94 to 94 to 94 103 to 100 to 92 91 77H 109 to 98 to 95 4 97 to 199to 101 102 V04 to 104 to 95 to 109 to 102 118 to 102 108 108 104 to 104 to 61 to 56to 50 to 44 to 7iAiax Rub. 8s.. 1101 2Am. As. Ch. XtoH03to 11 Am. Smlt 1st 5s 92 to 33Am. Sg. A R. 6s.100to 4 28 i! 25) T. A T. cvt6s'114 do col tr. 5s. 97 to do cvt, 4 do coL 4s aiAm. W. Pap. Gs 2Ann Arbor 4s ... 151A. J. U.M.cv 8. . 1 1 A. & Co. r. e.4 tosl 55 A. T. & S.F.g. 4s! 9 do cvt. 4s. . . .i 51 do cvt. 4. . . . 1 A. C. L. 7s ! 2iA.C.L.U4X.c.t.4s. 19iAtI. Fruit cvt. 18 AU. Ref. 4 Ha. . 85 to 90 i 85 to 67 to 90H 89 90 to 81 98 to 106 to 80 to 37tof 100 103 to 92 to 100 to 114 96 to 85 to 90 to 85 66 to 90 to 88 to 89 to 81 98to 105 to 80 to 37 HAtias Pow 7tos 4! Baldwin Loco 5s 24 B. A O. 6. . . 9 do ref 6s: . . . 65 do cvt 4 tos. . 6j do gold 4s. . . 7 ! do pr lien 3 to si 8! do 4sPLEAVD 10 do4s TtCDi 2; do 8 tos S wn D 2;ReU. T of Pa, 7s. 2iBarnsdaU 8s A. . IjB. 8. ref 5s "42. . 7 do p. m. Bs '38 14 Beth Steel 6s 100 to 103 to 92 to 100 to 114 97 to 85 to 90 to 85 67 to 90 to 89 90 to 81 98 to 105to 80 to 37 to 103 to .i3to lOSto .:108to!108to'1108to .!100to!104 100 SjBdy. 7 th av. cn 6i 64 7jB. E 7s Ser D. ..106 90 1100 85 tot 85 to 82 to I 82 to 80 to 80 to 93 to 93 to 77tol 77to 67 I 68 90 to! 90 to 107.to;107to107to 108 to 11034 11034 94 J 94 94 90 I 89 I 89 98HI 98 to, 98to 100 I 85 tof 82to 80 to 93 to 77H1 68 I 90 to I 101 do Tr 5s. ctfs 3! do 7s ! 2 B R & P con 4 to s 6 Bush Term 4s. . , 2 i Hush 1'ar Kldg 6a on bank transae- LendoO- Sterhng .... Paris Francs Belgium Praacs "Berlin Marks. Ivenoa i Lira . -a. 4 Drachmas ". Ccrwttugen , Kroner Christ iaiiia Kroaer r.. ; Stockholm avroner Hongkong Currency , . Japan Ten .. Shanghai Taeas .. I 4 43 to 8.67 8.21 .81 4.87 H S.90 21.30 16-65 25.70 57.75 47.90 78-75 Canadian dollar discount 1 4 484 8.68 8.22 .31 4.88 3.90 21.35 16,70 26.75 88. OO 48.05 78.05 1 H . per ceat. $ 4.866 19.30 19 30 23.81 19.30 1S.80 26.T0, aa.io 26.70 1 iCan So 5s 7jCsn Gen El 6s. 2Can Nor 7s. . . . 9 do deb 6tos. 38jCan Pae 4s perpetl 2 Gen Ga R 1st 5j SO do 6s 12!Cen Ln gen 6s. 4 8C Pac 1st ref 4s 6 do Sh Line 4s. 46!Cen R of Bra 7a) ik'RRAB Co Ga 6s! 2'Cr de P cvt 8s 2!C A O con 6s. . . 43 do cvt -6s 4 1 do sen 4 to a . . 3! do cvt 4 tos . . 4!C A rfg 3. . . 181 do 3 tos 071CBAQ joint 6 tos! z do gen 4s 87 do ref 5s 25IC g E 1 Si 2Chi sV Erie Est 6s lc;t:hi a w 4a 8 11 a 28: 17 8 4:C CM aV StP 4a do tos .... do cvt 4 tos. do rfg 4 tos sr A do evt 5s ser B do 4 ...... 4k N W deb 6s 1 a. a- . ft .- i r . ladtm Bariap Sltaatloa New Tor. June 21, Late cab Ira from India -reported May shipments of burlaps to tha i mm ocaces us.svu.vqo yards, of which u.zn.g yarns went to Atlantic porta and I i.www.www yarns went u ncU coast porta. Aootner tam placed May shipment at 75 000.000 yards, of which 67. 500.000 yards caase to the East coast and 7.500,000 yards :' sow raniK esw. bwvernasent report tn acreage aowa and the possible yield for tha Jata crop ef 1923-03 wiQ be pubjuhed I loen WH is. h 31 do 6 tos .. 1C M P S 1st 4s (Cbi Rys Co 6s.. 7K"RI P rfg 4. 61C StP UaOlt 4i do 4 ...... . 25!Chi U Sta 4 Ha. 101 do 6H .. . .. 3fC ak W 1 THt. s.ti no con 4a .... :Chiti Cop rvt 7 S71 do eol tr s. 2SCCO A 8 1. gn Bs! Tj do 9m sr A. . 16SICVT TJ Ter Ss 60 81 to I 90 to I 81 89 98 to ioi to 113 111 to 774 100 99 97 to 87 to 82 to 96 to 81 to 118 101 to 92 to 87 to 157 to 59 to 48 105 to 88 to 99 to 79 to 92 to 604 75 844 T4 i to 74 78 H lOO lift 72H 80 to 81 to 106 to 80 90 1124 102 to 7S4 104 to 8 l oo 101 64 I 64 1105 V4 1105 to 60 1 81 tol 90 tot 80 89 98 to 101 113 111 H 77 100 99 97 to 864 82 to 96 to 91 to 117to 101 to 91 to 87 to 87 to 59 to 47H 1054 88 to 99 to 784 92 H 60 to 744 84 to 7H lto 734 78 to lOO 110 22 H 80 H 804 106 to 79 to OO 112H 102 to 72 to 1044 00 to 1004 Il 60 81 to 90 to 80 89 9 to 101 to 113 111 to 77to 10O 99 97 to 87 to 82 to 96 to 91 to lis 101 91 to 87 to 87H 59 to 48 103 to 88 to 99 H 79 92 to 60 to T44 84 to 67 to lto 74 78to lOO 110 72 to "OH 8i to 106 to 80 1124 182 to 73 to 164 90 H lOOto IIOO 110O 11 OO K tt oio at s rrr 4toal 87 I ST I 87 llrCoa Coal of Md Sat 8T1sT-874t 87 H shim is evt 7s. . .iiioton 10 lllato 0VERBECK& COOKE COMPANY Stocks. Bonds, Cotton. Grain. Etc. 31S-317 Board of Trad Baildin; DIRECT . PRIVATE WIRES I -f To New ' - i York " and Chicago Meat hero Caleaa Board of Trade ; CORRESPONDENT OP . LOGAN & BRYAN . I tCubaSua evt dls 7si ea i rC Am Bug 8s.,10 UH liCub K R 5s ..vl 85 - J 85 11 , do 1st In rf7 Hs!103 10S 4 Del A H cvt 6s. .1 96 954 121 do 8 Ha ..ilOlto 164 - 91 do ref 4s.. ...1 89 to 89 2f do 7s ...... .1109 toilH 15IDARG imp 6s '58! 82 to 81 ,14 do rfg 5s '85. t 48 464 7j do rfgSabkrs, eta) 41 41 1 es sta ...... 41 - 41 1 do ref 5 certsj ataasstd ... 40 to aH II docon 4s....t 77to T7H arrVrt Edi .168 108 - I Det llach 5a... 8H 824 2'Det T dHs.J 87H 87H I'Det V'K 4Ha: 82 i 83 18 D Match deb 7 tos 168 ? jlO ... TTDis Sa cvv 6s.. . 145 . 45 - 1 Dorner Steel ref 7s! 98 to 98 to 9!Du de X 7H .7197HT10T i 3 Duo. LAP 6s. .1108 1102 to " 71 E G A JT cvt 7 tosl 98 Hi to ' 18 Er 1st eon 7s ezx 10S ' 11044 - 46 . da ges Ben 4i.j 6341 33 H 163 to as 103 98 161 to -89 H 109 to 81 47H 41 41 40 H TTH 12 82 to 108 45 98 to 107 H 1A3 88 H 1044 53 to 26 8 4 15 21 At Hud A Man ref 5s do ad) rac os. ni Cent 5Hs. . . do 6 Ha. do rfg 4s do 4s 28 Ind Steel 5s 10 Lnt Met CU54 to 9) do 4 H s tr eo cts 81'Int Rap Tr ref 5s 8! do ref Os. . 21 L B. T 7s of 32 lOOjf G M adj 6s '52 Sllnt. A Gt Nor 7s 8jlnt Paper 5s B. H.Int M Mar s f 6s 1 fnTIT, flil Ita Ctf Iowa Cent rfg 4s) 711 G M 5s 3 63 50 to 534 92 H 106 06 H 106 to 97 H 113 lOlto 113H 103 109H 92 100 H 12 90 to 8 93 -82 H 62H 100 H HO 87 82 99 to 12H 12H 67 764 92 to 57 to 100 to 85 to 96 H 98 66 44 4jK. C. F.S.A M.6sjl03to 4 do 4s 78 1 IK C Sou 5s 14 do 1st 3: 2 K C Term 1st 4s. OjKayser, Julius 7a. 45'KeUy 8 DC T 8s. . 2 Kings Co. ELAP 6s lLck Steel 5s. . . 2: Lake Shore A M. I S. deb 4a '28. J l ao at 92)Leh V Pa eo 4 to si 86 to 00 82 to 103 H 188 to 111 88 to If do gen. 4s. liLehigh Val 6s 3 Lis A Myers 5 1 Long Is eon 5s. 2 do ref 4s. . . 1 Lon-iUard Co 7i 1 U A N. 7s . . . SL AN. 5 to s . 3 do 3s St. L. Divl 2 1 doSRM joint 4s 8(M S deb 7 tos. . . 2; Man Ky Con 4s. 1 Mar St By con 5s 4 Mar Oil 8s 12 do 7 tos 8 do 8s war. 18'Mex Pet 8s 2 Mich. Cent deb 4s. l'M ch State Tel Ss 16Mid St evt 5s. . . 6;M S A N 4s 10IM St L con 5s. . 4 do 1st rfg 4s. 3 do rfg 5s . . . . S'MStPASSM 6 tos 57 M K A T 1st 4s. 10 do 4 B 10 do 2d 4s . 22 do 5s ser A . . . 58 do adj 5s ser A 2 8 do 6s ser C. . 11 Mo Pac rfg 5s '2 3 do rfg 5s '26 6 do 5s 45 do 6s 11 do gen 4s . . . 3 M Pow Co 1st 5s -3;M Cent 6s . . . . 3M Tram ref 5. . . . Nst Tube 5s. . . . . . New Ene TAT 5 10 N O T A M ine 6s S T C deb s. 85 IN Y C col 7s. 6X TCAHK gn 3.to Ul! do &s SINYCASU. 1st 4. ltNY Con Rys 4 Hs 3X NYEd Co ref 6 tos 2:nygaihpco per 4s hi do 5s ....... 5jN Y Rys ref 4s. . 4 1 do ref 4r tr Co cts 1 INYSRys con 4 Hs 51N Y Tel db 6s. .1 8 do gen 4 tos. . .1 3 to I oo ret os ... 17NY W A B 4 toll 53 H 1 1. Niagara v P OS.. 99 IfiiNAWvR R eon 4s 89 to 21 N A W cvt 6s.. 107 to l ao aivi 4s. . . . ss 21INor Am Ed 6s. . fit 2iN O T A L 6s. . 97 5Xor I'lo 6s B. . 105 to 31 do 4H 87 281 do pr In 4s. .' 87 3 do ten 3s . . . 61 to liNor 8 Pow 6s.. 100 to 1! do 1st 6 ... 91 to UlNor Bell Tel 7s.. 106 H 5iOnt LAP 5s. . 96 to llOre A Cal 1st 5s 80 to 50 RAN con 4s. . 89 40 O-W. R. A N. 4s. 814 2iOUs St 8s. .... . 101 to 14P. G. A E. 5s. .J 90 to I 4jPac.T.A T. 5s '37 97 46 do ctfs 5s "52.1 92 V. 84 to 92 89 H 82 to 103 97H! 98 to 77H 114 v 108 104 H 60 to 80 H 97 H 67 to 88 to 104 119H 124 107to 89 H 98 to 89 83 80 46 46 101 79 H 67 to 65 to 82 H 55 to 934 100 95 H 88 9SH 63 to 86 to 111 88 to 99 to 97 to 70 to 103 105 to 77 94 to 84 88 109 to 81 H 99 to 37H 38H 66 to 104 H 634 frO 58 H 81 to 103 to 9 to 100 to 97 to 114to 101 113 1024 109 H 92 100 11H OOto 84 83 ' 82 H 62 to 100H 110 86 H 81 to 99 to 12 12H 66 to 764 83 to 52 to loo to 85 to 954 98 65 to 44 102 H 78 86 H 69 82 to fT03 to 108 111 88 to 84 to 92 89 to 82 H 1034 97 to 88 to 77to 114 108 63 50 to 53 to 92 H 105 H 86 H 100 to 97 to 11444 101 113 " 1024 108to 82 100 to 11 to 90 to 84 83 82 to 62 H 100 H 110 87 82 99 to 12H 12H 67 764 934 52 100 to 85 to 96 H 98 654 44 103 to 78 86 H 69 82 108 to 108 111 88 H 94 to 92 89 to 82 H 103 to 97 to 9Sto 77to 114 108 HAIETH WTIH wool from Philadelphia, June Zl. The local .market is firm with a fair demand carpet and woolen mills. - Textile plants ing specialties of blankets, automobile cloths, tweeds and other ma t wear are busy. SILK ,- h . Philadelphia, June 21. Improvement in the silk industry continues and the activity of silk mills in the anthracite region of thia state is particularly welcome at this time. Wall Street Journal Financial Review) : Sew Tork, Jaae (C. P.) -Short! who persisted la fighting- tho rise la Stadehaker aad Mexieaa Petroleam la Sew Tork stock market today were meted oat farther severe Banishment. Ia addltioa to the oerroBsaess of the ahort Interest as tho result of Stade. baker- steady adTaaee, opermtloas of tho rise la this stock were assisted ttj stateusent of Sow-Joaes A Co. settles; forth the compaay's remarka ble posltloa. STEEL London, June 21. The Iron and steel trades which have been handicapped by the engi neers' dispute have prospects of better condi tions. High railway rates have had a retard ing influence cn the industry, but it is ex pected that in a comparatively short time the trade will again approach the 1920 level. HARDWARE New Orleans. June 21. For the first time this yesr business has begun to improve in the haTdwsre line. Builders hardware and agricultural implements show large sale in creases. Sales of these commodities were cur tailed earlier by floods in this state, Missis sippi and Texas. HATS New Orleans, June 2 1. Jot) hers report a steady flow of orders for fall delivery. Book ings far exceed anything they have ever had at this time of the year. Hat sales are far in excess of a year ago. The trade, however, is still disposed to buy conservatively and for part of their needs only. 104 to 1104 to OO BO 80 97 to I 66 to! 88 to 104 113 to 122 107 to 89 to 98to' 884 85 80 45 46 101 78to 67 to 65 to si to 55to 93 to 100 95 to 87to 98 to 62 to 96 to 111 86 to 99 to 97 to 70 102 to 165 to 77 94 to 84 to 88 . 10SH 80 to ' 89 to 37H 38 H 66 to 104 to 83 H 104 to 1104 to 63 to 89 89 1074 87H 8ito 87 80 to 97 H 664 88 to 104 115 124 107 to 89 to 98 to 88 85 80 454 46 101 79 67 to 65 to 82 to 55 H 3to 100 93 88 98 to 63 H 96 to 111 86 99 to 7 to 70 102 105 H 77 94 H 84 to 88 108 81 H 99 to 37 38 H 66 to 104 to 93 to 104 H 53 99 89 to 107 88 91 9T OIL TASKS New Tork. June 21. Fifty 80.000-barrel tanks have been ordered by the Sinclair crude Oil Purchasing company through the New York offire of the Chicago Bridge A Iron Works. Twenty tanks are intended for use , 15 for Hominy. Ukla., ana Okla. in Bristow. Okla., 15 for Cuthing. SEEDS New Tork. June 21. There is a growing demand for mustards, especially the good yellow grades, which are likely to be scarce. The demand for Dutch poppy is very strong. CANNED FRUITS Lne Angeles. June 21. Cherry prices are going to be high, for the canned fruits. It is expected there will be a short crop of apri cots with a resultant high price for the canned fruit. GROCERIES New Orleans. June 21. Sales of gro ceries show a substantial increase over last year. Tbey are 15 per cent ahead of those for May of this year. TOBACCO Philadelphia, June 21. The tobacco crop is getting a splendid start in Lancaster and York counties. Weather conditions are ideal. New York, Jane 21. Leaf tobacco from York county. I'a.. is being bought by New York houses snore extensively than for sev eral seasons. 105 105 87 I 87 87 I 87 6141 614 lOOto jlOOto 91 to t 91 to 106to!106to 96 to 96 99 !to 89 I 89 804 81 to 100 Vs 1101 to 90 1 90 to 97 87 91 U ! 1S U 8 Pac. Mot 8s. . 1 1 07 t4 !1 07 V. II 07 U. 11 IP A P A T 7s. .102 J101 1102 ST.IPLMRR 6s ctfs.. 81 80 H I 81 liPa R R 7s 1108 to 1108 to ;108 to 10f do 5s I 99 HI 99 to I 99 to do con 4 tos. . . 96 H i 96 to 1 96 to do gold 6 tos. . ilOR i 1108 li !10H U 16j 15 do 4 tos 2 do reel est. 4s.. 5 Phil Ry 4s. . .VPhil Co ref 6s. ..! 6'Pierce Oil 8s. . . 19 P S of N J 5s. .1 3 Prod & Ref. Hs. 31 do warrants. . 5!Rading gen 4s. 3IRGAW col tr 4si 6!R I A A I. 4 tos) 30!R Brown Iron 7s 109StLASF prl4sAI 3 do 5s B j 181 do g 6s C '281 111 do adj 6s '55. 631 do ine 6s '60. 1 ! do gen 6s. . . . 3 ! do gen 6 to s . . ISISt L S con 4s. . 5 do Term 5s 1.0 i StP A GCShUtos B6iStP M M 1st 4 si 11S A L rfg 4s.. 18iS A L adj 5a . 62IS. A. I con 6s 29;Sinrl. C. 61 5 to Sin. Oil cvt. 7 tos do 7s rects . - -. ! innaron s. it. hs. . K P. R. Sugar 7s Bell T. A T. 6s ac. cvt. 4 s 28 do rfg. 4s '5 do c. tr. 4 sr. '4 8 do S F term 4s zz I South. Ky e. 5a 227 do gen. 4s. . . 60 do 6Hs 41 do Sr. L.dv. 4s liR. O. Cal deh. 7s!105H 11S. A T. Co.ofA. 7.ini 4 tTenn.-Copper 6s. illOO 44 47 3:1 12iS. 56!S. 136 12! 91 to 35 to I 51 to ! 9.7 HI 99 85 1102: 1114 I 83 to 68 80 97 70 85 98 77 67 97 92 74 79 81 91 to 41 to 25 58 98to 104 to 98 98 97to 94 H 91 to 88 to 85 83 95 66 to 99 to 80 to 94 to 94 64 59 to 100 102 97 10 924 94 H 86 to 103 to 88 H 85 1 lOO "4 95 to 107 H 89 102 H 894 OOto 105 98 86 97 100 62 88 99 92 H 82 to 106 98 to 97 oi 91 tol 35 to ! 51 97 to ! 99 85 1 1.02 to I 1 1 s to 1 82 to I 66 1 79. I 87 I 70 tol 85 98 H I 77 to! 66 to 87to 92 to 74 78 81 91 to 41 to 24 to 67 to I 91 104 97 to 97 to 97to 94 91 87 to 85 83 944 nf 99 80 to 105 101 lOO 94 94 63 68 190 102H 97 104 92 hi 84 to 86 to 103 to 88 1 Tex. A Pac lt 5s 1 13d Ave. 1st '5s. 20! do rfg. 4s. . . 351 do adj. 5s. . . SJTrt Cy. Ry. A USs i rrobavvo Prod 7s. 10 rn Bag A P 6sl 1 Lmon Pac 6. . . , 55 do 1st 4s. . . . '16 do cvt 4s '27. 18 do ref 4 s '08 1 Cn Tank Car 7. 4!Cn Fuel Gas 6s: . 8 'Lb R R A Inv Col m r Si. B!TJ 8 Hof Mach Sal BUjAss or t op s. 5itj S Rub 7 Ha 100! do 5s ... . 85 P S Rt a f 5s. SjCtah Pow A l,t 5a J" vi taro hem Bs 9!Va Car Chem 7 toe : . x u i ret sr. 2iVa Ry 6s. . . . .. 2t Wabash 1st 6s. . 18 Warn Sue 7i '41 2' Western Md 4l. 2 W Tac 5s .... . . 1 W TJ col 6s 1 do r e 4 Ha. 2! West Shore 4s... I5iw bouse r;iec 7a 1 IW1 Spew Steel Tsl WU A CO 1st fa 30l do evt. 6. .. t 12T do 7 Ha .- . 29Wis'Crn sen 4s 1. do S A I) 4s. STANDARD OIL ISSCES 85 100 to 95 to 107 to 874 102 89 99 ier to 984 95 to 97 to 99 to 62 to 87 99 H 92 82 1AA 88 H 74 ! 91 102 to 102 to I wo SO H 80 to S20fllAnglo Am OU..J SOto SOOtAtlairtia Loboa 11 - 23;Bockeve P L-..J 83 110 Gal Si Oil. .. . 59 10IOhi OO ; . ... .1299 lOini of P. U. . ..(178 131 6 limp 09 of Caa.jl2S 601Ind. P., L. . . . . I 82 1650 InU Pet Co Itd 34 lO: Prairie UU GasSOO 48 So. Penn. Oil. 28200 Stand Oil Ind. . , lOOOiStaad. Oil Ky. SSOiRtand. OU X. 1 0i Vacuum Oil - T. 225 112 I 87 446 420 20 ,10 i )9S , J38 299 173 113 2 22 660 225 108 85 429 420 i 91 to 5 51 97 to 98 85 102 to 113 H 83 to 66 80 97 704 85 98 to 77H 67 97 to 92 74 79 81 91 to 414 24 to 68 98 104 98 97 to f-97 to 94 to 91 to 88 to 85 83 94 to 66 U, 99 to 80 to 1105 to 101 1O0 84 to 94 04 59 lOO 102 97 104 92 to 94 86 103 to 98 8 100 to 95 to 107 H 89 102 to 89 4 99 to 103 OS to 95 H 97 lOO 62 87 99 92 H 106 98H 97 102 80 H 80 20 M4 , 83 58 299 173 113 92 22 oo 223 188 93 428 420 MEN'S WEAR New Tork. June 21. Worsteds, mohairs and eahardinen are aelline actively as well the other tropical. Gabardines appear to be more popular than Paha Beach cloth. Hood Eiver Bonds Bring Good Premium Hood- River. June 21. The bid of the Ladd A Tilton Bank of Portland for $25,000 municipal improvement bonds of this city was accepted by the city council today. The bank's quotation was par and a premium of $1357.75. One year ago when these bonds were offered the highest bid was 94 and the city decided to take over the bonds at time, rather than submit the taxpayers to aucn i loss as would have followed. NEW INCORPORATIONS Salem, Or., June 21. The Shrine hes: pitai for crippled children, organised under the laws of Georgia, has been granted permit skin by State Corporation Commissioner Hand- ley to enter Oregon. George L. Baker of Portland is named a attorney-io-fact for Ore gon. Articles of incorporation have been filed by Kuehn's Automotive company of Portland. capitalized at $10,000; Louis. Henry and Louis E. Kuehn are the incorporators-. Resolutions of dissolution were Hied by the Oregon Grocery company of Portland. A certificate filed by the Swan Island Real Estate company thews a decrease in capital from $100,000 to $800. The Horseheaven Securities company. Washington corporation capitalized at $200,- 000, has been granted permission to operate in Oregon. G. A. Molden of Hood River is named as attornejin-fact for this state. St. Paul Is Active With Bail Trade By C. D. Jencke Special Correspondent of The Jcumel St. Psul. June 21. About $12,000,000 of new building construction is under wsv Minneapolis and sio.ovo.ooo worth is now being put up in this city. sThe Duluth iron mines are running at in proximately 75 per cent of normal capacity This is far in excess of the production of last year and there is every prospect that the mines will double their output in the next few months. The freight, rates -from the mines to the Duluth Superior docks have been re duced 10 per cent. Freightv equipment costing $3,250,000 being purchased by the Northern Pacific rail way. These additions consist of 260 con vertible coal cars, 1000 automobile cars, 250 stork cars and 70 passenger cars.' A short age of farm labor threatens Minnesota and neighboring districts. State employment of fi cials announce today that there is every pros peers of a nch harvest. However, there is small surplus of skilled mechanics in the Twin Cities. - Railroads Prepare For Big Business By H. F. Laufman Pittsburg. Pa., June 21. Railroads are preparing for a large increase in atosnage nex fall. Cars are being repaired and equipmen is being put in shape for much heavier haulage than is offered at present. Transportation companies are reaping the benefits of locge: hauls of coal. Building operations have reached a volume where labor shortage is apparent. Plastering contractors in this district an paying 80 cents an hour to hod earners and common laborers. The peak of the boom has not been reached here. Demands for building permits indicate a . large expansion during the summer months. Steel makers have refrained from making prices for deliveries over , the third quarter. Scene Hues are quoted only up to July. This is partly due to tha miners strike and to certainty as to yrrodnctioa eosta. Wholesale and retail trade continues to ex pand. Collections are better and demand for lumber has spread to all lines. ' Money aad Exchange New Tork. June 21. (I. N. 8.1 money en the floor of the New York Stork Exchange today ruled at 24 per cent: high 3 per cent ; low, x to per cent. Time money waa orrriet. Rates were 4 m 4 per cent. The market for prime mercantile paper' was onint. Call money in London today was 2 per cent. Sterling exchange waa steady, with busiaeav in bankers' bills at 44 for demand. Forelsra Exchange Market New Tork. June 21. W. P.) Foreign ex change opened easier. Sterling, $4.43. off 1: Francs. .0867. off .OO05; lire. .05894 off .6001; Marks. .0031. off .0001; Dan ish kronen. .2138. off .6013. Foreign exchange closed steady. Sterling 34.43. off 1: franca, .0865 to. off .OO06 to ; lire, 0487 to. off .0003; marks, .0030. off .0001. Xew Tork Poaltry Market Kew Torkv Jane 21. L 8.) Live poultry: Fowls week. Chickens: Broilers, 30 6 45c; fowls, S3 9 26C, Tarkeys, zet35a. Boaaters. 15c Dock. 1 ig -'3c M 1 1 a ISr . liKsaed -ooultrv: Market steady. Chirk ens. 28 0 45c; fwwKT 22 8 le. Turkey. 2S AS2e- Docks, 2035c . Geese, 15 sf 18c. DITOBCE -' GEAXTED ( Vancouver. Wash, June 21. A.'di vorco was granted EmiJ . O. Graybeck from Fravncoa " W. Graybock on tho ground oX WALL STREETJ5TOCK QUOTATIONS ' Reported by rverbeck A Cooka CSft., Board ot Trade BuDdt&c 100 Adams Express 800 Advance Hum. 7O0jAgr. Chem. . . . . . . ( do pfd. . . . SOOiASax Robber . 400 AUka Gold . 100; Alaska Juneau 1400AUied Chem. . l00iAUis-Chal . . . . 1 do pfd. 30O(Am. Beet . Sugar; 106. Am. Bosch 2200 Am. Can Co. . . . do " pfd 200 Am Car A Fdy . do pfd. 500 Am. Cot Oil. . . . do pfd. f00;Am. Drug Synd. 100) Am. Hide A Lea. . 100! do pfd. TOO Asa. ce 3200 600 . . 1 . SlOO Am. Intl. Corp. . Am, Linseed do pfd Am. Loco do pfd 3800 Am. Saf Razor. . . 5500Am. Smelter .... 2800 Am. Ship A Com 200i do pfd SOOjAm. Snuff .... 8700)Am. 'Stel Fdy - . 3 700! Am. Sugar 1100 Am Sumatra . . . 2000 Am TAT ... HOOiAm Tob 3001 do "B" 2900jAm Wool 2001 do pfd 200 Am W P pfd 7 001 Am Zinc S300jAnacoiida . . .-. . . 1800!Asd Oil 700!Atchison lOOj do pfd Vim All fut I in "2600IAU G A W I '. . ' 20800iBaMtrin Loco . . . 600 1 do pfd 87001B AO 800 do pfd 800;RsrnsdalT Corp r . 2600!Beth Steel "B" . . 700 'Booth Fish S300B It T 4t0!Butte C A Z "00! Butte A Sup . . . SOOIBurns Bros . . . . .... ICaddo Oil 1001 Calif Packing . . 2S700lCaliC Pet lOOi do ptd 2400 iCan Pae 1 600,'Cen Leather . . . 600lCerro de Pa.co . . 8200jt'handler Motor . . HOOiChi & N W .'. eOOjCbiraeo Gt W . . 200 do pfd 8000ChUe Cop 200 Cbino 2000 C M A St P. . . . 2300 do pfd 48O0ICoea Cola 63 ltol 39 'io H 1 to 68 49. 45to 42H 48 ioi' " 2 ; " 5 14 69 108 43 34 to 3 18 i 38 1 3 68 48 45" ' 42 46 H 162-"' 'j8' " '5 14 .58 i 1064 42 to 34 114tojll2 6 60 19 6 69 18 9Stot 9tH 38 79 40 120 140 139 90 108 29 17H 52 121 99 91 H 103 38 1 1 8 to 112 to 1112 47i 46 61 J 35 I 77 I 7HI 24 to I 7tol 28to! 132 36 to 77 384! 120 140 138 89 to 107 to 29 to 16to 61 118 984 91 to 63 18 88 5 14 H ito 68 H 48to 97 43 to 42 46 to 103 162 118 to 25 H 53 5 14 69 to 107 424 33 H 33 H 112H 115 6 58 18 98 to 131 37 78 38 120 140 138 89 to 107 29H 17t. 51 120 T4 08 to 91 H Sales, t 'Stock. 9200Tex. Pae, C dy O. 2007Tob products.. . . . 8600Traa Contl Ott. . 1700 Cmon Oil Dei. .. 1 BOO' VtOaa Pa. ..... ... . . . iTnited Alloy' . . . . ) 1 -; t 1 . ..... 1 v 1 .... wai .... 2100'lni. Food Prod. . dOOjCnited Fruit. . . 160 Cnion B. A P.. i 500 A SCI Pine. 90O UnL Retail Stores 820OU. S.lnd Alcohol. S4O01U.-8. Hub...... 700 do 1st pfd.... 300C. S. Smelting,. 28 20O U. S. Steel 20OO do pfd. lOO Ctah Copper S0O Va. Chem 100 do pfd. . 4100 Vanadium Steel.. , 6 OO Vivandou 1400 Wabash 16O0 do A pfd. ''Wells Fargo 400 West Pae 600 do pfd 200 West Pac ...... lOo'West'hse A B . . 1600 do E A M 700 West Md ...... ...... White Motors . . . 3 3 00 1 Willys-Overland 800 do pfd 5 00! Wilson Packing.. . (Wise Cen t 7 00: Wool worth 300jWorth'tn Pump: .. 26O0 W ALE . . . ; . 4 OO White Oil 600Wbite Eagle Oil. 1 H igh. ) Lo w. 27 to 81 15 21 13 284 S3 to is to 21 137 3 137 63 H 30 86 56 62 106 41 ieo 120 . oa 32 "47 is to, 12 29 to "isW 59 99 98 to 39 to 11 to "9" ' 43 41 163" 50 18 9 27 Total sales stocks, 3SO.00O. 7 187 63 29 3 54 61 104H 41 to 99 118 63 31 "44 12H 11 23 "l8' 69 . . 88 83 H 66 H 11 '"6 to 44 ' 39 ioo ' 48 13 8 27 274 80 18 21 to 185 37 " 12 7 ri87 63 29 66 to 34 61 103 41 89 119 62 31 65 44 12 11 28 S7 18 38 87 83 59 to 104 48 8 44 38 27 162 49 13 9 . 27 1.134.000. Bonds $11, IDAHO 102 (102 37 to I 364 U2toiU3 1112 46 60 34 754 7 24 7 28, 11 1100 1600 1400 2100 500 1500 2ioo 100 20100 1000 100 1O0 6500 100 J500 1700 6400 C A O Colo F A I Colo Southern . . . Col Gas A Klec . . Colum Graph . . , Con Gas Cons Cigars do pfd. ...... Contl Can Cities Svc Vkrs. . Corn Prod do pfd Cosden Oil . . . , . U R I A P do "A" pfd. . . do "B" pfd. . . Crucible do pfd Cuba Cane do pfd Cuban Amu Sugar 7H 66 95 138 38 36 I 73 to I 73 to 8 to 20 to 204 29 26 40 to H7 to 64 to 85 to 4H 118 31 to 60 34 75 7 24 7 27 H 131 11 76 to! 76 to 63 1 63 to 95 I 95 139toll37 37j 374 36 72 73 to 1 8 200Del A Hudson 700 200 Dome Mines Del A Lack 2000lDaviron Chem 80001 Endicott Johnson 5700 Erie 2SOi do lt pfd 1300!Elec Store Bty. 3300 (Famous Players. iF. M. A S. . ... zoo 1 do pfd lOOOJFi-k Tire .... 1300!Oen. "igars . . 400lGen. Elec. . . . JOSOOiGen. Motor . . do 6 .... 48100Gen. Asphalt . POOUJoodrich 00!GIidden Paint SOOlGranby OOOiGreat Nor. Ore. 1 10001 do pfd I OO 'Greene Os nanea 8300 Kiulf S. Steel. . .... IGlen A Id en . . 6200!Houstc.n Oil . . 7O0 Hupp Motor . . 4001111s. Cent. . . . SOOIInspiretion . . . .... lot Agr. Corp . . do pfd I. 1 600!lnterborn I 1 100I do pfd. ...... i ..SOO'Int. Callahan . . . " 500'Ir.t. Harvester . . 2500!Int Merc. Marine. 5300! ' do pfd 1300 Int. Nickel 800 Int. Psper .... I do pfd 2900 -Invincible Oil . . 1800 Island flil , .... jJewel Tea 1300(K. C. Southern . . I do pfd 4 800Kelly-Spgnd .... 5100Kennecot 3900!Keyone Tire ... 2O00iLack Steel 400 Lee Tire SOOIIhigh Valley . . . lOOiLorillard OOOiLoew Theatres .. 100IL A N aoOjMaxwell Motor . . 3900I do pfd B 200May Stores . . . . . r0600iMex Pet 69 105 to 116 49 40 4 92 to 78to 75 85 16 35 to 24 120 29 to 123 H 49 79 15 23 43 804 48 16 to 77 77 144 ! . . . . . 66 to I 40 j 15 to! 29tol 30 tol 80 to' 32 82 to 20 20 to 29 25 30 to 65 64 to 85 to 4 to 11T 30 67' " 1 03 to 116 474 40 to 92 to 78 to 71 85 16 34 24 1 19 to 29. 121 to 46 to 78 15 22 to 41 to 784 is' " 13 to 75 73 14 1 81 to I 20 to 1104 i 40 to I 85 71 to 73 to 8 20 20 284 24 to 38 to 5to 64 30 to 4 5 85 to 4 to 116to 30 70 68 H 22 1 03 116 47 to 40to 92 78 72 83 16 33 H 23 119to 29 to 122 46 78 14 n o il H 79 I 11 j 48 I 15 t 76 105 1 14 81 H 62 38 15 28 H 3ft to 79 to 30 78 to 50 77 19H FRC1T OUTXOOK AXB PRICES ABE GOOD -MiddUeton. Idaho, June 21. The Emmett Cherry company, incorporated for $50,000, is being filed todsy at Boise. Idaho, the incor porators being Caldwell men of prominent busi ness standing: J. B. Bell. Charles T. Hawkes. D. U. Bhewee. Earl Boyes, M. S. McAdoo and L. A. Harmon. They have a 100-acre Mock eight miles southwest of Emmett, tn the noted cherry aad peach district. Thia tract they will plaat at once to sweet cherries and prunes, 40 acres of the former and 60 acres of the latter. Mr. Bell, who is to be the general manager of the enterprise, said thia morning that the cherry and prune crop of the Emmett valley is most encouraging this year, many contracts of sale having already been- eoorammated -at 55 cents per crate for prunes. 10 cents per pound for sweet cherries, and 6 cents per pound for sour cherries, these prices being net, f. o. b. the local railroad station. Handsome returm are thus being assured fruit growers. Indicative of this it ia estimated that J. R. Fields, with 21 acres of cherries, will receive $18,000 for his crop. Various growers are right along in the same line for handsome re turns. . UPWARD TENDENCY SHOTTH" T3T THE DRT GOODS MARKET New Tork. June 21. Higher prices were made today in dry goods, principally in print cloths. In fact throughout the whole list it is gratifying to note that a stronger tone ob tains. By far the greatest activity, however, exists aa said in print cloths. Transactions are involving spot deliveries or shipment dur ing June and July. Mills are not willing to sell even for August deliveries. Print cloths continued at about H of a cent higher than on Monday. Southern 88 inch 64x60s. 5.83 yard, for example, remains at 8Hc. 38 inch 66x72s. 4.75 yard, at 8c; 72x76s at 11 and 80 squares four yrd at 12 to 12 toe. Sheetings are receiving in creased attention from buyers who were af fected by the cotton upturn. Prices show an upward tendency in many quarters. The Jsp aneee silk market continues quiet with prices unchanged. NEW FREIGHT RATE TO HELP BUSINESS By rank D. BtcLaln ' Philadelphia. June 21. A. considerable im provement o trade is anticipated, by business ia neve when the tower freight rates take- effect on the first of July. The 10 per cent reduction la tolls will ultimately benefit ' an thracite consumers, altixmgh ia view of the fact that the coal in stock waa lUmd under rue present nig tier scale la nnukeiy that any change will be made in- prices by the retailers until the end of the strike. At the present high prices there ia IrtUe demand for eoaL An effort is being made by the chamber of commerce to include the suburban area in the open shop district. The revival inibulld- I in Philadelphia itself ha been due Israels to the establishment of the American plan here by the chamber of commerce. Muildlng in the suburbs r being somewhat impeded by the fact that some workuigmea are not per mitted 'to work with non-union employes and because some materials are not classed as union-made.. The open shop or American plan discriminates agaiiwt neither union nor union workers, holding that all work era have equal American rights. WHEATCROPNOT UP TO NORIW Gain. 1 tod ltod up Id; Com Liverpool Wheat Market Liverpool. June 21. Wheat: w , Open. Close. July i.. 10s5 tod 10s6tod Sepixmber , .. 10s3 tod 10.4 tod . Spots No. 1 Manitoba. 11a Od. . 3 -.1I!nier' ? tod. up ltod. rimi. o a 73 u . outers unchanged. , 3few Tork-LoaTdoa Silver New Tork. June 21. Commercial bar sil ver: Domestic unchanged at 99 e: foreign, toe lower at 70 toe. London. June 21. Bar silver tod lower at 35 to 4,. v Sprokane, June 21. Wheat crop throtirhout the Northwest are atltt be low normal and indtcatlona aro that the 1923 yield will bo considerably be low that of last rear unless rain fall during: the next few days, W; J. Mao donaid. president of tho MacdonaldV Grain company -of Seattle.' declared! Tuesday at the annual convention of the Pacific Northwest Wheat Xeoalers' association. He recently completed- at survey of the 1921 crop outlook. "Lack of rain, coupled with tho late-: ness of spring;, is responsible for- the subnormal crop - condttioaa... said Macdonald. "Weather conditions ahavo been wrong pr wheat crops this year," aad in some parts of the state I find tho wheat will not run over 10 bushels per -acre. "The Blsr Bend country will ran short of last year's crop. The Water Till district will produce about aa much wheat as last year and an average crop may be produced in the Cunning ham. Othello and Connell territory "The Ellensbursr country will hare a normal crop. Farmers there will have twice as much .wheat this year as ever before. It is an irrigated country. xfaenos -Aires Wheat Buenos Aires. June 21. Wheat: August. 31.18. 2c higher; September. $1.18. lc higher. Corn. H e lc oats, toe lower. higher; . flax. 3 to c higher; July Oct tec. Wlaalpeg- Wheat Options Winnipeg, June 21. Wheat: Open. High. Low. 125 126 124 118 118 117 . . 116 116 115 to Close. 123 I18to lie Meat Market Chana-es Jefferson. Or., June 21. The Jefferson meat market is now running under a new firm name. Weddle A Burnett David Bur nett has purchased an interest ia the business. OLD POTATOES EASIER . IN SAN FRANCISCO MARlTET San -Francisco. June 21. (IT. P. Re ceipt of asparagus were heavier today than for sometime and the market is much easier en green . and ordinary white grass. Soma dealers were experiencing difficulty cleaning up on lower grades and were ot the- opinion that lower prices might be expected if the heavy receipts continue. The market on old potatoes is weaker. Lo cal supiiUea are not excessive, but cars are coming ia almost every day from the northern states, causing a much easier feeling among the dealers. . Trading on Gems at the track, was reported at) $1.75 to $2.00 cvt, which will necessarily bring down prices on tha ftreets to the retailers. Supplies of new po tatoes are heavy . and garnets are selling at 2 to 2 to cents a pound, while fancy white po tatoes sold aa high as 3 cents. The higher prices on berries during tha last few days has lessened demand and dealers were forced to drop on both blacks and straw berries, the latter selling 5 to 10 cents leas en drawers. The wide range in prices ia duo largely to the great difference in quality. Cantaloupes are steady to firm, with a good demand reported. Plums and cucumbers are slightly lower. Rhubarb is scarce . aad ad vancing in price. New supplies of lettuce were received today 'and prices on lead erates ranged from $1.25 to $1.50, while dry crate sold from 75 cents to $1 each. Consumption on watermelon ia showing some improvement 62 tot 39 15 28HI 38l 79to 32 1 78 I ! 76 j 20 103to103to 39 to t 39 to . . .. . 10 to I 38 1 to 3 to 8 1 tol 3 tol i 8 i ilOR '104 104 1 tol 3 tol SHI 100 3800 6500 Oil. M Miami Middle States Mid vale Steel 2200 M K at T W 5001 do ifd W 3 00 1 Mont Power . 12(M Mont Ward .. 1500Mo Pac 20001 do pfd 100M St.P & S S lSIOOMarland Oil ... COOfMartin A Parry. 600jNet Enamel .... SOO Nat Lead 500i Nevada -Con .. . 3300New Haven . . . 200jXorfolk A W. . . 2000 Nor Pac ...... 500 Nova Scotia Steel N T Air Brake. 2200X T Central. .: 600'Nor Amn 9500!Okla Prod -ref.. (Ontario Silver.. ...... jOntario W . . Otis Steel . . . . . 600iPacific Dev. . . . 2 no i Pae Gas A Elec SSOOjPanta Allegre. 32600IPacifie Oil . . 36706!Pann Amn Pet 81001 do "B" . 2800!Penna lOOjPee Gas . . . . i 1 OOOIPere Marquette SOOO Pure Oil 6300Phillips Pete . 1 OOOiPierce Arrow . 4 6601 Pierce- Oil ... 2 4 00! Pitts Coal 300,'Pitta A West Val 100 00 -Peon Sea Steel.. lOOfPreseed Steel Car) lOO0 Pullman zoo! Kay irons i TSOOIReading I 1 0O Remington j 8200iReplogJe Sseel . . , 750O:Bepubiie IAS.. I, do pfd. 2O0.Rep. ' Motors. . . . 18 TOO Roys! Dutch Oil. .....IRy Steel Spg.... ..... (Stand O0 Ky . . . 8O0Hears Roebuck.. .... .(Hhattnck, Aria. . 800 Shell T T. . . . 30900jSinctair ....... ..... IStand Oil Ind... 19001 - do J. 19to 75 to I IB 7 48to i6H lto 24 to "is 34 I6H 75 to 14 63 to 151 14 1 IK 66 24 to 116 179 28 to 14 34 H 17 18 to 72 to 16 to 47 to 23 "46 83 15H 74 14 H 62 151 14 to 118 66 28 116 167 H 28 14 32 H 1 6 to 87to -I 69 H 68 1 H 21 to 53 5R 45 .31 to 48 93 to IT to, 1 28 I I06 76 to 34 to "eo'to 62 to 3 8 70 48 60 75 H.68 41 83 80 81 64 20 8 68 35 H 10 76 U21 1 16 1 73H 32 83 73 11 1 8T 73 - . Liverpool Cotto Aenvo Tiverooel. June 21. Cotton active: spot demand; prices -firm: sales, JS.000 beau; American middlings, fair. 15.16; good' mid dlings, 14.11 full middling. 13.81: mid dtiags, - 18.66f Jow, 13.21 ; sod ordinary. 2.36; ordinary, 11.86. future duiet lOO Sloaa Sbef 48O0 Sou. Pacific.. . . 3SOO Soo. Ry. 8900 Stand Oil Col. . SOOiSt L A 8 F. .. f OOlBtromberg Cars. . 11500 8ruriebaker . .,. ... .ifwift A Co.... AOOjTenn Cop A Ckeasf 4uwrlexas ni .: suiiexas -rac 42 34 111 187 44 89 23 108 26 48 131 11 49 27 21 20 H 63 58 42 to 31 H 49 93 17 28 I 106 H 75to 33 to 90" " 62' 3 to 8 70 49 68 70 65 41. 83 29 31 18 8 62 86 9 76 ! 120 16 72 82 ! 31 to 70 it' : 69 85 Te ii"" 38 108 186 44 88 22 106 26 ' 47 127 io 47 2f to 18 to 72 to 16to 47 85 15 1 17 23 57 47 .334 15 75 28 to 62 151 14 118 66 22 118 175 28 14 32 to 16 87 Vs 69 20 20 62 58 43 81 to 47to 92 to 16 28 105 to 33 74 80 62 3to 8 25 12H 8 70 H 48to 58 to 73 to 66 41 82 80 81 a e a 18 8 62 83 lO 70 120 16H 72 sf 70 81 10 H 69 83 86 73 10 41 83 108 185 44 88 22 100 33 4T 1ST lot 16 47 S3 WOOL MARKET AFFECTED BT RISING PRICE OF COTTON Boston, June 21. That the rising price of cotton has had aome effect on the wool mar ket is evidenced today by evidence to the ef fect that yarn users are showing a tendency to meet the quotations of the spinners. It ia not general sign, but the trend exists and white ttsera are still for the most part offering bkis below the spinners' quotation, there ia mani festly a willingness to come up. Men's., wear ftbrci are doing so well that one may venture tu predict that the corner has been turned. However, admitting that this may be so. shrewd observers suggest that sellers watch- their atep and not proceed too recklessly. They mean, of course, that care should be taken not to boost prices so high that buyers will suddenly stop. BOBTOX COPPER STOCKS Reported by Overbeck A Cooke Co. Adven. Ahmeek Algomah Allouex . Arcadian BingMns C. A A. C. H. 65 62 20 ' 26 8 15 61 0 Bid Ask I Bid Ask Ax. Com. 9 to 9 H M.O.Col . 4 hi 5 to I N. Butte 12 H IB Nipissing. 6 6 to X. Lake. SO 50 O. rim. Cp. 3 to 4 H Oseola M. 43 44 Qcy. Ms. 43 44 H Pnd. Crk. 23 23 to I. Royale 23 2 S. Lake. 45 46 KP. Boston lto 1 V. Sh.M. 38 to 88 to do pfd. 26 26 S. Utah. . 6 10 Sup. Coo. 4 4U rTrin. Cop. lto 1 to Tuolumne 63. 70 U. 8. Mg. 41 42 in " venture; 82 H 82 16 Victoria. .,2 2 I iZ Wolverine 12 1 3 8 H iWyandott 50 7o OOtolShannon. 83 85 New Corn 1 8 H Ontenial IO Cop. Rtre. 43 to Davis Dly. . 7 K. Butte 1 0 to Fr. Mg. 20 Hancock 3 Helvetia . . 1 to Isl. Crk. Ill Kerr Lake 4 to Lake Cop 9 Ia Salle 1 H Mich. . . 3 to Mohawk.. 64 9H 73 64 50 2 4 15 62 271 18 11 44 I 11 20 to 3 1 111 to BASK STATEMENT OF tarttam' Stank Clearings Monday,$ 7.188.485 8 Balances Clearings Balances Clea rings Balances Clearings Clearings Clearings Clearings Clearings Balances Monday. lues. Tues. , Wed . , Wed. 1.714.857 5,218.929 1.458,886 3189.270 630.989 COAST 5.661.052 1.599,288 4.883.711 878.143 4,241.737 717,482 on Francesco Wed Oakland Wed. Lee Angst Wed. Tacoma Banks Wed. . i Seattle Banka tved. Wed. . Banks $22,800,000 Banks ......$ 1.825,360 a Banks $16,531,017 .$ 2,746.000 0 a e 4.686.379 760,625 Cherry Crop Brines Cask Lewiston. Idaho. June 21. For tha third successive season cherry growers of the Lew iston Orchards district have yoined in the mar keting of their crop and sold to a eash buver Between ISO and 140 tons have been sold to Duddy Robinson A Co. of Takieaa. foe . em.. sideration of 827,000. Bines and lanberti bringing 10 cents per rjound and Trin. and Black Republicans 8 cents J The crop is in a orocniainsr eraufivim. with no loss by rain the largest crop yet har vested in this district is m prospect The packing of the cherries Sold by the pool ia to be done at the Lewiston ' Orchards packing house. The season for -black varieties begin the latter part of June and ether varieties af t July 4. ' Fight A gala Caterpillars Vancouver. Wash.. June . 2 1 .7-Tent eater pillars are -menacing the orchards in the northern part of the eoaaty an da fight against the danger is being made by orchard Mis. - The caterpillars have aot began tent ing sad may' be seen in large nambera crawl, ing on the tree trunks. They gather ia elua tr.i at the foot of trees as night approaches and are easily killed at that time. Barataa. picking them off and spraying are methods in fighting the paste and it is believed tbe fight will prove successful. Arrange Lewlstoa .. Orekard Bonds ' LewisUiu. Idaho, June 21. Ralph Scbeoa- loch of the Barpth Scheenloen bonding eo party, and Blaine B. Colea, legal counsel for the BeearWiea Trust Ce.. Portia nd. are a Lewiston arranaina . fee the issuing of the $350,000 bond issue, by the Lewiston Orchards Irrigation district. , j Shi Clarkstoa Cherries Clarkrtoa, Wash., June 21. White Bros, sad Crura Packing Plant began operating sev eral days ago aad have shipped one carload of cbereiea. Twenty-five packers are aew em ployed and the number will be increased to 100 daring the week. All packing hemes of the Lewiston-Clarkstoa valley will open today. ' Xlaaeapolls-Dalath Flax ' Minneapolis, jm 21. rTax -July. 32.46; September. $Z.4S: tawes ana. sniTv, 92.4b e2.50H. ' .. -.- . luluth. June 21. Max July. $2.43: Bep tembcr. $2.47: October, $2.45: track and arrive, $2.49. Reserve Bate Is Cat " Near Tork. Jane 21. it K. 8.) The Kew Tork Federal Reserve bank this afternoon re doead ita rediscount rate from 4 to 4 pet cent tha lowest rata since December, it 17 The 4 to per cent nad bees ia affect aiace Kovember 2. 1921. - . f . .a- ANTICIPATE J.ULY FUNDS Reserve Bonds Now MUNICIPAL Maturity Price Approx. Yield 5.00 5.30 r 6.40 6.00 Tillampok, Ore., Funding 514's..l942 103.14 FOREIGN GOVERNMENT Prov. of Alberta 5&'s .1952 103.00 Gov't of Newfoundland 5 's . . . . 1942 101.00 City of New Westminster 6s 1944 100.00 CORPORATION Sutter Basin Co. H'a.... 1937 Sperry Flour Co. 1st Mt. 6's...I942 East Bay Water 6's . . . 1942 Wasuingtoa Pulp & Paper 6 Vis. .1941 Pacific Power & Light 5's ..1930 Pacific Power & Light Co. 8's. . .1930 Circulars descriptive of these issues will be sent you upon request. 1YTH, Witter. & ox 97.00 6.30 98.50 6.10 102.00 6.88 100.00 . 6.50 93.00 6.10 105.00 7.16 FOURTH AND STARK, PORf LAND San Francisco Los Angeles New York Chicago Seattle San Diego 8z Income Tax Exempt We own and offer a fine issue of serial bonds of a prosperous agricultural district at prices to yield 6.25, Income Tax Exempt.' Freeman, Smith & Camp Co. I.a mbermeas Bids-., Portland Please send mo fall description of tho greneral obligation bonds you own and offer to yield 64 income tax exempt. (Name) (Address) We of far our participation in new Usue of New York Central Railroad Combanv . : .av - 5 Equipment Trust Certificates Dated June 1 1922 Due serially 1923-1937 These certificates are guaranteed by theew York Central Railroad Company and are secured by equipment whose title rests, in the .trustee. r. j - "We' unhesitatingly recommend these for your investment , j '- Prices to yield up to 5.30 51. Devoroaux ci(5mpanv . INVESTMENT OOHDS 7 SIXTH STRCCT , PORTLAND. ORCGON : 7 SrtOADWAV 1Vta - .' GROUND rtOOft WCLLS-rAKCO BUILOING i S i 1
