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