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MONDAY, JUNE 13. 1921.
MOODY SEES STEADY GAM IN BUSINESS Analyzes Present Situation of Commerce and Finance; Sees Decided Recovery | TtV JOHN MOODY I l*rmkleiil of Moody'a Investors Service. NEW TOHK. June 9 A alow but I definite and tangible recovery In | business Is already shown, and tt Is ! more and more evident that the de ! preaslon was at Its worst around the end of February I Cheap raw materials, together with I moderate costs of labor and capital. I are producing general betterment. * From the highest of last year ma fc_terlals are off 3S to 50 per cent, while WfcborVosts, Including the wage cuts and the greater efficiency, are down . 10 to 30 per cent; and time money is F lending around per cent against » per cent last August. Cheap materials, capital and labor are the three stuffs out of which prosperity la always made; and the slowness of the present Improvement may be attributed trt the fact that labor and capital are not yet roally cheap. NKT PROCKKOS ON KAIUtOADS tiRF.ATKK The recovery Itself, however, la rather a fact than an opinion, altho In some llnr« It la not yet felt. Railroad operating expenses have been so drastically reduced that the net before taxes Is now about three times great as it was In February, the volume of traffic hits been Bhow ing steady g*ins for many weeks, do mestic consumption of wool has In creased 100 per cent since December, and cotton consumption la beginning to gain; credits have been deflated to the extent of probably about four billions, bank reserves have so In creased aa to wipe out the financial and monetary dangers which existed a year ago; and commercial failures sharply diminished as to liabilt- Hlea. Both manufacturing companies and wholesale and retail trading concerns have considerably strengthened themselves by selling down their stocks of goods and materials since the turn of ths year; and the short i ages of cash assets and working capl [ tal are being overcome. Reemploy men I of labor In the manufacturing industries la almost universally iroing on juccept In such tardy biianchm aa steel and mineral*. Building construction, especially In dwaiUnca. Is Improving so rapidly as to show a gain of about 200 per cent over January. Extravagance Is everywhere being eliminated; the world's governments are cutting their expenses, and tier man indemnity funds promise soon to become a powerful stimulant to the world's bimlnem. PROSPERITY WAVE HEADED FOR IKS After a gr*-&t war It turn ally takes 10 to 30 years for prices, wages and living costs to get back strictly to normal, and probably It will be so In this case; but more pertinent Is the fact that we have already readjusted Sufficiently to warrant the expecta tion of real prosperity sometime next year, and possibly as ear'.y as the fourth quarter of this year. Producing and operating costs have been generally reduced by something like 25 per and when ones the volume of sales and production re covers, the burden of heavy taxes and public debts should be much less felt. One must give special emphasis to the restoration of margins of profit, the gradual re employment of labor, and the actuality of the slow better ment which Is now under way. (Copyright I>ll by N.w.p.p«r Kntsrprts*) 2 Held on Charge of Robbing Logger J. A. McPheriton, 30. driver, and J. Manton. 33, w«re arr*Bt«d at sth ave. and Jeff»ra>n *t. Sunday night by Detectives Benjamin. Gordon, Yoris and Fortner and are being held on open chargres pending Inves tigation of the story of George Bahm, 27, loptcer, who claims the men robbed him of $5OO. Bahm. who is held as a witness, Claims that the two men took his lotion ey while they were all drunk. The detectives found $261 In a side pocket of the door of the automobile In which the three men were riding. Public Market I WKMTI.AKE Stalin 11-17, Lux flakes. 10c pfcg 3 ft>s choice prune# 26e; 49-Tb Ham ■innd's B*«t Klour, $2.12-. 6 pkga. Search light matches, 26c Stall 105. T bar# Lenox aoap. 251; red salmon, tall ran 10c 40c coffee. 2 Tbs. $l.OO Stall 133. Apple butter. 20c lb ; grape preserves, 30c It>. Stalls 14-16, choice pot roast, 16c lb ; sugar cured bacon, 30c lb.; roast lamb, 16c lb PIKE PLACE Stall 17, 8 Tbs cans sugar, 69c. |T 36 per 100' lbs Stall 42, Borden's milk. 4 tM.ll can* 29c. Stall 79. pure fresh milk, •c qt. Stall 1625, m-tb. cans Phex jam. 10c; 10 bars Naptha soap, 45c; Mason Jar caps. 2fc do*.. cooca. 2 lbs. 25c. ECONOMY Stall 39. fresh Maid o' Clover butter. t(e lb.; full cream cheese, 23c lb.; fr#»eb ranch eggs, 23c dox.; 6-lb puiJ pure honey. Hst; peanut butter, 10c Tt» Stalls 37-3%, 36c Gold Dust powder, 26c pkg . 4 bars Hoy ski White soap, 25c; 3 16c pkga Elastic starch, 26c. • CO BMC R Stall 102, best fresh emmery butter. MRfeSSc lb.. 3 Tb* II 00; fine cane sugar. 8 JPn #oc; | taU cans Co-operative milk. . *rc; 6 tall cans Carolene milk, 2f>c. 2 Tt»s. •fresh peanut Gutter, 19c Stall 2. mutton chops. 16c lb. ; 2 tbs. lard. 28c; short ribs of beef, 10c TV; pork chops, 2 Iba. 6Sc; rnv'k bones, 8 Tb* 25c. HA.NfTARY Stall 109, * lbs. augar. 60c, brown sugar. 2 lbs. 16c, powdered sugar, 2 lbs. 20c. c-übe sugar, 2 lbs. 2?o» fresh milk, fc qt.; commercial cream, 12c bottle. Stalls 24-36. No 10 pall Cottolene. 11.30; 4 bars Creme Oil soap, 26c; Old Yankee W* up, fit. 35c, qt 85c NOtTll END Mall 48, home grown peas, 150 Tb •Mcamhers, 6c each; spinach, 4 TT>* 25c (Kill 49, butter, 38c lb , eggs, 30c do*. . brl' k cheese, 25c it#. Stall 1. 2 loaies bread. 26c; cookies, iftc do* ; butter \ horns, 2 for 25c Stall 50, bacon back*, 26c lt> ; little pig ssuauge. 33c TT. Stall 42, lamb chops, 15c tb.; pork 2oc lb ; local bacon, 20c lb. Stall 20, Carna tion milk, 10c can: navy beans, 6 lb* 26c; M J B '"B" coffee, 3Jc can Stall 64, lard, 2 Tbs 2*»c, sirloin steak, 22c lb.; veal stew. 10c Tb. BANK CLEARINGS Seattle Clearingg $5,107,101.36 ' Ualaiices 1,1»H,5»»J!7 | Ship News Tide# in Seattle MOMIAV I II MS til rimt I 4mv Tide i m u m. r. 4 ft. I I lr*t ltl*li Tide 10 t»& a m . l.i ft. i Second l«w Tldr « U i» m, t.» ft , Seeond 111*1% Tide 11 15 p tn . li t fl. I • • Tt KSDAV .11 NIC U I rir»« low ri«i« j • JR * tn.. i J ft i rir*t »ll*h Tide IS .St l» *>». * * 'I XMoiid low Tide > I 4b P m., 4 1 ft I • • TO lIK.rMK UIM 1 .INKits Kxtenslw repairing on the l>iK liners Keystone State and will be undertaken at lhls»t>oil when the vessels arrive her® from their present voyage, It was announced Kutulay. The pumping and condensing ap parntus on both ships la to be lorn out and replaced by a new system 1 The Wenatrhee was seriously handl capped on her nialdeu voyage across the l'aclfic by the tallure of her present condenser* to analmllate suit water. ... Went Sent tie residents, who have 1 been impatiently waiting for the eon atructlon of the permanent $1,800,000 bridge across the West Waterway at Spokane at. will feel easier If the as sessment roll for condemnation of land for nei-e»aary approaches to the hrldKe la upheld In aupvrlor court. In a hearinr to take place June 31. Action by the cJty letting the con tract for construction of the hrtd*e Is pmmliiod on the completion of the court hearing. . . . The Third division of Seattle's naval reserve forve cruised the I'pper Pound In the vicinity of Foul weather bluff Sunday aboard the U. a. ICa«leboat fc?. • • • County commlalonem Monday awarded the contract for the con struction of the Medina ferry termi nal tfl J A Mi Eachern * Co., on an IS 600 bid, and that for the con.lrue ! tion rtf the Western brldKe over a pulch near the Rainier flolf and Countr?- club to Culllton Hron.. whose bid was $1,760 The county ensineer I had estimated that the former Job | would cost $13,1(2.80, and the latter $2,000. ... KARL. LKONHARDT. ronvli t'd recently on a statutory charge, was to Ave years In the state Penitentiary by Judjie Boyd J. T.ill man Monday. I>eonhartlt'» step daughter was pronecutin( witness aKainst him. . • e The U. 8. shipping board's freight er West Hartland, which rammed and sank the passenger liner Gov. j ernor off Point Wilson April X. will leave this port Tuesday or Wednes day for I*ortland to reenter service The venae! will load lumber for the Orient. ... Weather Bureau Report TATOOAH mi.AND, Jun* 11 —t A M —Palling baron.e(«r. raining, wind eaau it mtlea an hour Paaaed in. *tr I*el roa*. at 7 2t *. m , tug Banlel K»-rn with two acowa. tt I t in, Outaid**. bound in. * four mart arhoonar, whit* hull. P****d out, xtr Kaxtern Sailor. *t ft It p. m It A. M.—Paawd In. a four* maat Brftlah achooo*r, *i tit *■ to* alguailing W M T Q. Arrivals and Departures All Me# June 11—#tr Spokane from tontteaxt ern Alaxk*. at *ooa, atr Croa* Key a from ▲b*rd*«*, I 4ft a n.; atr Liberator from Kver»*lt, T;lt * m. Jun* lt-fllr W'eat Kedron from Hamburg. 7 .4ft p nv; atr Prlnc* Rupert from Prtno* Rupert. 4 IS p. m.; xtr Lady Klnd*ral*y from Rrltleh Columbia porta. 10 Ift * m. Jun* 11—Itr Kant* Ruaall* from Rverett. I 4t p. m. tifttl June It—Btr % Ea*tern Bailor for Ham bur* 4 .4ft a. m., atr Prince Rupert for Prlnc* Rup*rt« ll.lt p. m. * e e Alaskan Vessels Valdex—June It—Balled, xtr Ala mad a» xouthhouxid. I It p. m. Ketchikan ■—June 11—Balled, atr Ad miral Waixon, aouthbound. I a. m. e e e Vessels in Other Ports Liverpool— June I—Arrlv*d. atr Btxal maker from Beattf*. Yokohama—June t—Arrived, xtr Tyti dareua from B*-attla New York—June 11 -Balle<l. »tr Mexi can for Beattle; atr Aitdrva lAicleenbach for B«-attle. Arrived, xtr Wltlhllo from Beattle. atr Henry H tlrove from Mnattle. Balboa—June 11—Balled, atr Keyatotie Btate fur Beattl*: atr Alaakan for B*nf.tl'* Ban Pedro—June 11—Arrived, atr Bte«l Voyag*r from B«atU*. Balled. *tr Plorl d*n for Beattle. Ban Francleco —Jun* ll—Arrived, xtr Bteel Age from Beattle; atr Admiral Be bree from Beattle June 11 Ballad, mo torshlp Bueno* Ale** for Beattle. 4 p. m.: atr Kather Dollar for Beattle. I x. m. Axtorla—Jun* ll—Arrived, xtr Eastern Bailor from Beattle. lam Jun* It-*- Balled, tug Daril*! Kern, towing two hargex for Beattle. 7 a. m. a * * Reported by Wireless <7. 11. Naval CemmenlcsllncMi June 11- etr Admiral Bchley. B«n Fran «l*co for Beattle 110 nouth of Co lumbia river llghtxhlp. towing Admiral Kvana. I p. m. June 11 Rtr Went laon, Kobe for Beattle. 1414 mllex from Beattle, * p m . xtr Wheatlwnd Montana. Beattle for Yokohama. 1991 mile* from Heattl*. 9 p m ; motorxhip Oxrno, Beattle for Itethel, 204 mile* north of Unlrnak Paaa. 8 p. rn. e e e Vessels in Port at Seattle Bmtth Cov# Terminal - Pier It; xtr HoraJ axn Mxru. TJnlon Oil Dock —Motorxhip Kln dereley. Grand Trunk Dock —Btr Apokane. Pier 14— Btr Protexllau* Pier ft—Btr Liberator. Pier t Btr Nerthweatern, xtr Jefferxon, xtr I<atouche, xtr Ketchikan. Pier R—Btr Admiral Rodman. Pier D Btr Queen. Union Pacific Terminal —Btr Wxxt Ked ron. Pacific Coaat Coal Buokera—V 8 L B Bwlftxur*. U B Shipping Board Moorlngx—Btr Westward Ho, xtr Raxtarn Glen, xtr Iconium, atr Tippecanoe, xtr Yoxemlt*. atr Anna K Morxe. Connecticut Street Terminal —Btr Banta Rosalia Alaaka Btaamxhlp Moorlngx -Btr Radon do. Btacy Street Terminal —U B B Burnald*. Ea«t Waterway Terminal Btr Croex K eya, Todd Dry Dork* - Btr Forext King, xtr Went Hartland. atr Weat Ivlx. achr Admiral Mayo, xtr City of Spokane. t'r Wext J*>aaup. Puget Bound llrldga A Dredging Co —Btr Pntterxon. Amin Yard Btr Rooxev#t. Drummond Lighterage Terminal Btr lowan. NettletOß Mill Dock B«hr Edward R. West. HefferiMMi Deck-—Btr Valdex, xtr Juneau. Stream—Ship Chlllleothx. WltiHlow Marine Ry Bktn Anne '"ornyn, xrhr Spokane, barge Henry Vlllard. barge Coqultlam City. Moonshine Still Two Are Given a Hearing ChmrKed with operating two moon Khlne Ktill« at 305 and 1107 22nd five.. Hiknda and H. Nokair&wa, Japan ese, arrested Friday ot 305 22rid ave., will appear in police court Monday afternoon for a preliminary hearing. Ilikada and Nakagawa were arrt-gt cd Friday after a raid by the .police | on their two frame buildingH at the [above address, who gained over $30,• 000 worth of boo%« and auppllea. After being tried In police court the two Japanoge will be held for Uie federal I Record Low Is Made on New York Market NWW YORK. June IS There w«>» an air of he*|tgnry at the opening «»f 1 the Mock inarlot here today. Tin tone wan easier In <-out Inuat Inn /tf the* trend of lent week, with e*peclal pressure on oil* and Independent *feel* , The firm nale of Crucible wan at 66, off 1 >4. and It dropped then to 64% The director* of the corporation meet nux l week to decide on com mon at ork dividends. Mexican I'tlPoleurn opened at 12*. a new low for the year, and a net decline of t'nlted State* Hteel Hold down to la*t week'* low of 76 *V off Motor* were firm, Studehaker helnit unchanged *t 70 •» llttil* a ere fraetlnnally lower Haiti win Locomotive opened at| 75 \ American Woolen wan off Mi *t 7SS*. Other Mpi miiK price* Intruded Central heather S«l4, unchanged; American Sugar 73' v off %; New Haven I#'-*. unehariK'Ml; (ieneral Asphalt t»4. um hanged, General Motor* 9V. off W; Canadian Pacific 110%, off V 4; Corn Product* fi.t. off %; chandler 60, «»ff ft. e e • KBW YORK. June 11 A new record lpw and a break thru the low of l#2o were «*tabh*hed In two leading stocks on the exchange here during the morning tradinit today. United State* steel common broke thru the 1120 low by *e||ing at 76V I «an t >r H r'N low price wan 76 "W Cuba Cane preferred *old at 31, a record lnw The market wu* generally lowi i durinu the forenoon Crucible had another milking *pell, dropping to 64. Other noft *p»>t* Included t'orn Product*, General Asphalt ahd all the *ugut* Americun nold at 71 luetic* which held up included American Woolen, StUdebakor, l'aclfic Oil, California Petroleum and Pan-American. The break In Hteel* carried It.thlrhem '"lf below 6ft. and Republic to 46. Crucible to 63 and t\ S Steel 73 '4 General Motor* In the ufternoon made a new record, low at lndu*trlal Alcohol *old off nearly three point*. Few dividend meeting* are scheduled Tor ttie re*t of the month The Htreet wan prepared for a *urpri*e In Crucible * action, deaplte the fact that the stock* price would *eeni to indicate a panning of tin- divi dend Innlde interests Intimated there would be no ehange In the » «»rn Product* dividend Other meeting* Included Pure Oil, Northern Pacific and Great Northern. ' e e e NWW YORK, June 13 After a day of declines. *tock market rallied late in the aeeMlon today and a number of speculative stock* recovered two point* or more. Uethlehcm "It." General Asphalt. American Sugar and Htudebaker were among the stock* r« glatering wain* fetching of xtop lo** order* in Independent *teel* later, gave that group a weak appearance. Trader* are extremely bearish on *t«el*. Justifying nelilnK on the unprecedented depre**lon In the tndu*tr>. and the fact thai <ierman lntere*t* are offering aoine product* lu thm market at lower than domestic price* ... Mid vale Steel made a new low at 22%. The market closed Irregular. EGG PRICE UP 1 GENT HERE Wide Variety of Prices on Strawberries Kkb quotation* Monday w»m 27 to 58 cent. a down for fresh ranch i>tK» | *nd 22 to 23 cents for pullets, which ! wan an Increase ot 1 cent at some houses. With a steady demand for ; and a decreasing production, j the price ts expected to continue to , udvan<« Knulually. rtuttet; and cheese were reported to be steady. I'iices on cantaloupes wer. 14 for the standard cratn* and (3 on the pomes, with the flat crates qiovluk , I at $2. Fairly lar*e thlpmrata of utraw ( berrieg wort on ti>e market, mi l b« eauae of the many grade* a w»d«' range of prltvs was noted. The Mar | a hall variety war nailing at front 11.75 to $2 a crnte, while the Clark fUMHtllnir* were wold at $2 to $2.75 a crate. There wm a fair demand In the vegetable dlviaion of the market. *ith the quotation* unchanged from the clone of la*t w*ek_ VWirTABIJW P|1«»» r»M HhHmal# Palm 4*|i«rwgu» E Waah per lb . . .I## 11 | lioaa* ~-«'*l . r»''n. fi»mp«r 1 J H ll**>t*—Local. per aark 1.3191 10 j N*w 100 ( »libflC«»-C4l Winnlngxtxdt. tb 4% \$ i t'arrofc* 1 MctU. per aack IXI #1 tl New 1 •• Curambfr* U<*. hothouX*. d* 100©2S£ K«i rum F!a. m —... .11 (ttrlk I'm lb 20 tirvw t*#M CftL, p*r Tb. ...... .10# .11 l'«r lb .11# 10 —Loetl outdoor ...«••• 100 Ixx-aJ b«>thou**, p«ur crate ...l~ttfl 10 Oatoa* Cel. per lb —. 01 s Cryxtal Wag t.Mft.ti I/ora! fmn, 0«». btjnrhwi ... .It: Portiry —Loral, dm bunchea .« .10 \ Pla. per Tb .40 PttahMi N«« Uiroat, COL, 1* 04#041% K With. ton I» 00# 40 00 Ixx-*I whit*, too .10.00# "I 00 lU|Uh(» l/whl, dot bußi'hw -Ift# II llhttb*r»t -Local 01'4© 04 Mplßadi—l/wtl, per box ..... .I.lft#l 31 Nwwt Pnttnw L*. SO-tb box a Tl# 4 00 T«Wt—i Mealcan lu* ...... 000 Imp V*l 4-baakef rratx .... 100 bolh'>UH, box tot T«r*lp*Local, do* t.unche*.. .00 Hit ITS PH«e* Paid Wtxdraala DwkfO Applet E. WMh. 100# 100 Loeal cooking lft# I 7| Apri<ot* Cal. 4 buhtt grata.. Iso Hun in* per tb .11 % (UIXiVHOMM imp. Vtl., atandard crat*..4 00 PonlM 3 00 Plata 1 «• CbtrrtM—Cal., Royal A once. Tb lft i Ulngx ll# 20 ; Per 100 11.00 T*h*-1 Par i io Date*- per ca*e 1 ot Fig* -Dried, per lft-lb. b«x ... 4.00 • (MMHiebrrrJm £ Wuh., per lb. 01# 10 English. V,> . . .11 tlr.ips* Frail —Pla., box 0 00# 1 o no Cal , crate 4 00 Honey —Comb. per mti I ll Cal airalned. per lb 10 l'»r box ...Oft''#" 00 Orange* (>r i?ua I 7ft#ft 71 Bt r»»* berrlea U«tl lt'©JOO riark He*dllngx Z SO# 1 7ft PtawappliM—Cuban, per crat* . . I 60 Watermeloa—lmp Val.. Tb. ... .10 NITS rrtret Paid Whole**'* DrxUra Atmnad* Per lb. .11 Hriutll- Per Tb I« fhr»tnifa—Cal , per lb. .tl Japanea* .10 Filbert*--py lb It# .17 W*lnat»—C*L ... . II Pranala—Virginia Keyatr.n* lb. .11 J*panex* tl# .tl H Paean*—Par Tb .tt DA IKY PRODUCTS Prtrn* Paid to Shippers Butt erf at— A grnde, Seattle delivery. ... .11 II grade. Seattle delivery.... 21 Egg* Frexh ranch 21# 24 Pulleta lit* 20 Milk Cwt , f 0.h.. Seattle arjpply 207 F O. B condenxary, rwt .. . 1 ftS DAIRY I'ICODI CT.H W&m Puid Uh..le*alf> Drwlera Ratter Loral creamery, eub«a. .11 Brick 11 Kgg* Krexh ranrh 17# .21 I'ulletx 2*# .23 CbrMf— Or trtpletx .tt Wlftrohßln ''ream brick .14 Block Heriaa 14 Waah. triplet* .St POULTBY Price* Paid by Whole**]* Daalara to Hhlpperx f>ncka—T.lv* .tl llena—L»v«, under 4 tb* .11 Live, 4 Tba and up .23 Oeewe Drea»>ed lft Ll** to Turk cya— LI v* • .11 Belgian Vlare* - Live .IS POULTRY Price* Paid Wholeaalert Buck*- Brcnaed .40 lien* ~Pre*xcd .16# 11 lime Brcaaed ,3S Tuikey*— Breaaed .11 MEAT Quotailona at ll«eliyxrda Hog*— \ I'rlinea 9 00# 0 10 Medium heavy 7 00# 7 So Rough heavy 4 0"# ft 00 I'lgn 7.0u#10 00 Cattle- Heat ate era 7 7r.# lot Mfllurn to choice 100# 7 26! Be*t cowi and belfera 6 fto# 7 00 1 Bulla 4 00# r. 60 Calv*e Light ll ootjiz oo Heavy I.oo# 7.00 kbeetfi — Prime larnbx 6 00# 7.00 Yearlingx 4 f»o# 5 60 Wetharx 4 oo# [. 0w Ewex 1.60# 4 01 FIXIUK Pat. 4-4' x. city delivery |,7f HAY, (iIUIN AND (Hly W'holemHla Price*, Per Ton Com Whole yellow, 120-tt», xurkx 41 00 Cracked, 100 tt>. nacka 43.00 Peed M«hl, 100-th, aacka 4100 Barley Whole, feed, 100 lb. axrka. ,38 00 Rolled, 80-lb. wacka 40 0 Oround, 100 TTi atirka 40 Clipped, 100-th. aticka ...........4ft.ov Bate Whole, feed, 100-th aacka. ...40 00 Roled, 70 rt, an> ka ...42.00 Oround 10-Ih Aacka 42 00 | fcprouling, 100 »#. aucka .....4500 THE SEATTLE STAR Chicago Board of Trade ( MondS)''! M ( ttiflN ) FiniUlmt l>; 1.. 11. Manning M Ca liullrr Hotel IVuUttli.g V'haat— Upon High Clog* July .... $t 41% tl 4 J 11 3»V* II «• Sept ISI 1.3»% 1.U% LS7% Corn- July ti\ it.S .14% H*t>t .fttfc .(« .14 >4 .iiS < 'ale- July 91% .40 .11% .1* T t rtopt. .... .41 .41% .40Sfe .40\t Pork- July .... IT.II 17 60 IT l« 17.19 l<ard—• July. .... I*7 lOOt 117 lit k»«Pt 10 11 10 31 10 II 10 32 Klba— July 10 11 10 II 10 II 10 II lO 41 10 II 10 40 10 40 • • • Chicago Live Stock CHICAGO, juna It. Ji.>g» -Reealpta 11.000 Market stead? l»ulk of aaJ< «, 17 1041111. butchera. M«UI, parking. !?!&«». light. I* 4r1.20, pig*. IMfctf If.II; rougha. |7 lb*? 40 (tattle ftacaipta, 11.000 Martlet 10c lower. H*«f. |t. 11. buirhar stork. |l4 ran n ere and eutl*ra. IS f. <r 4 tfc. atockera aad ftldtra, lillft.tll cow a. |< no? n, calv.-n. $ 7 I*o tr I • HluKp ltec« ipta. 17.000 Market 160 &0c lower. Lamb*, |l.:>t|li; awea, |l « l 7k • • e Foreign Exchange NKW YO|«K. Juna 11 rorrlga a*- change waa • lightly lower at the opening ttxlajr Sterling waa at fJTitfc. frtnia, 10 0 >0 lira, |0 0491. ma. ka. 10 01« I . krr>- nan. |0 till The mark at r|oae«l higher Starling. 13 :« S franc*, lo 04;». marks, |o 0140% . • anadlaa dullata, kronan. 10.1110 • • • Portland Market Status PORTt.AXD, June ll.—Cattle Ra «*«l|«ta. 2.434 Market alow lie at ateera. IIW* 11. common to fair etaera, |« ;>og |7. rlMlrs rowa and hetfera. 1111 0. medium to good c«wa and heifer a, 12-10 U 4 TS t annere. $1 J' 0. Hog* K*<alpt*. to* Market ataady. Prima mlsed, |l.7&#t, medium nUad. IS trill, heavlea. |l 100 ft 3b. Sheep Kacelpla, t.<44 Markat fl® 10c higher Prime lam ha. 11 f.of>« 26. eull lamha. 13 »# I 10. yearling*, 13 0 4.10. wethera, II !>OOS, awaa. |104.2k Ituttar—lie Ik Ch»aaa 110 fie Hv Kgga— 21 Vi 0 S7a doa see N. Y. Coffee and Sugar KIW YORK. Juna 11 —Hugar, dull Unw. |4 10 dallrarad. granulatad. |1 21 • 111. Coffaa. No T Rio apot, 70 7%e lb.; No. 4 tuunu*. iv» * 10e lb »-• e e e San Francisco Produce RAN mAMOIOOO. Jun# 11. Mutter- - Kit ran. S?r lb.; prima flnita. SftVhO li.; flrata, I«" Ih. Ktf*a —Kxtraa. HH« d«» : He. 1 dlrtl'i. 27*- r|<n . extra pullatji, S&Hc do*., uuU«r •iifd piilleta, rt"*. Ctieeaa < - *hf«»rnta flat*. 17He Ih. TOWN IS AFIRE IN MARYLAND! WIUMINOTON, !>ol., June 13. Sf-vrrnl fire companies Irft here day for Rlxlng Hun, M«r>'lin<l. a town 20 rnllon from here, which I* th rente nod with destruction by fire. report* were that two hotels, four iitores and a row of dwelling* have been destroyed. Firemen from Newark. Del., al«o have gone to the town's aid. RUSSIAN ENVOY COMING TO U. S. BY HI SSKI.L BROWNING WASHINGTON, June 13.—I.eonld Krassln, Russian soviet mlnlsti-r of commerce, 1s coming to Annrlia to work for a Russian-American trade agreement, according to a dispatch from London to a Washington em bassy today. Krassln ncgotlnled the Anglo-Rus sian trade pact and Is considered one of the most successful soviet diplo mats. Tax Reducers Turn Probe to Schools Special committee* of voluntary Inventigator* were to be cho*on Mon day to Inspect the school board of floe* and building program, accord ing to »i decision of the executive committee of the Tax Reduction council last week. * The committee* will make recommendation* for tax retrenchmente before th© next bud get. The Tax Reduction council wa* formed recently by representative* of nearly 40 civic, buslnes* and fra ternal organization* to fight high taxes. Wha*t~-K* > <'l<«ariefl feed, 126 TV «k».Gf?OO ' AlMirnlii < hop son. nnck* 42 00 | Chirk Kflfd iOO- It». ucka fit oo ; Chirk MMh H1 00 I Orowlni Mimli, JOO-Tli aka .noII M f»f» 00 ' i. K B KM IN n •«<»«, mi it Kti.iifi i Hrrwtrh !• red 100- tt» *H<-ka . . 6:: 00 Wheal Ml**d feed. 80-Tt). sacks *4 oo < iwimnol MMI 30.00 ('ottaMfd Mewl 40 00 | l.inaeeil Oil 4B 00 Hoy»» H4MUI MPAI 64.00 Alfiilf* Mr»l 29 00 He«*l l'ul|> 40 00 Flah M«» I 92 00 Meat Hrrapa- Eastern 102.00 Weatern 102 00 tftonr M !••• I 64 00 Hour- Granulated . 69 00 Chiirroal K««i#rn ft 7 <*o Western 72.00 Grit Limestone ....21.00 Granite' •. .2A ov Shell Maatern oyster 30 00 Wciurn oyster 2^.00 I)ear*h 20 00 Alfalfa fifty No. t 23 00 M lied Hay . -No 1 28 00 Timothy Ilnf—No. 1 33 00 Straw WHEAT AGAIN MAKES GAINS CHICAdU, June 13. Wheat attain made bis salmi today on the <*hlcsgo li..nnl «»f Trade following receipt <>f ailditional iitifavurithie crop reports. I'rovlhloiih w»»r* irregular July wheat op« n« d up 2He at II 41 >4. And lost % e at the cloao*. September wheat opened up 4c at $ I 2ft, and cloned s»f r c, July eorn opened at up %c, and rlom-d up %v September eorn opened up l!4e at and closed up 'Ac. Julv oat* opened al 30c. up Ic. and Closed nff Heptsmber oat* open ed at 41c, up '-♦e, and closed off • • • Cash Wheat <"'ll If'AilO, Juno 13 <"«sh wliMl •No. I red, $1 s*: No 3 red. «1 ««; No. | 2 hard. $1 «K : No. 8 hard, $1 CO. Indoor kwtnll in very much put out <l< >or* thone days. FREDERICK & NELSON FIFTH AVENUE AND PINE STREET A Tuesday Offering: • 100 Cloth Skirts Low-priced ! %J fyrfy $5.00 Sf T H f LrbTo7u n Featured for Tuesday: resented in this low price. ni/; n • r U | If| The skirts are in the plaid i d.irS OI ij jLI plaited models, just now at the ll7l*. TT* \ i~\ t J |"j| height of popularity, in Whlte RlCl OXIOrdS , Navy, Red, Brown, Tan, (ha Ar* n . -j|?f Gr., .nd Purple Al Jj)4.45 Pa ' r :: ■ a ' St ™» suremcnts . OOR graduation wear, for wear with organdie / I , ...11 , , 1- frocks at summer dances and for general sum- CJ 1 i low-priced at mer these gracefully modeled Oxfords of soft r/ Y;\ —this dowkstAiiis sTORa white kid with covered Louis heel, priced sharply 'below regular value. Sizes 3 to 8. 80 Girls Widths A, B, C and D. Tuesday, In the Downstairs Store, $4.45 pair. Smock-and-BloomerDresses values at Yards of Unbleached 50c Muslin THESE smart little two piece garments are of Special 10c Yard linen-finish suiting, with rv^jr* l ....... • • , quaint smock over bloomers. M?*\ are so many uses in the home for un- Designed with white sailor f / b\e»ched Muslin, that it is real economy to pur collar, lacing in front and ChaSC libera,,y ,. ; at pnce ' . , smocking in black and white, Ifflj* jST For a P rons - houBC curtains, children's wear, on Delft or rose. M* ± iA luncheon sets; 36-inch width, Sizes 8, 10 and 12 years. M + \\fo ' -thk dowkstaibs stok. Unusually low - priced a t /|f\|jl 1 Children's Picture Books 300 Children's at Reduced Prices RomperS S. ~4 Ctoth Books, and Stampkraft Books, Sizes 2 to 6 Years Lgj 10< each. 10^. CA„ it.. Nursery Rhymes, My Book of Trains, SUC ' Peter Rabbit Paint 40 « and 75*. -tan and white stripe cotton crepe. a*t? r- in* My Book of Ships, 40* -blue and white checkcd gingham. and 75*. —plain blue chambray. ftr —the downstairs store —white linene. Choice of these materials in well-made Rompers, • l sizes 2 to 6 in the lot, but not in every style. Priced Vllll^llSllTlS "" "so Children'. Dr„«, 50c A " U,ed J OT —in white linene and cretonne combinations, sizes Sports Hats at 95c 2, 3, 4 and 5; particularly good values at 50*. —thic downstairs store OPORTS Crushers, as pic- i tured, in the lovely-col- t 5 \ Decided Economy in ored p,aids that prevail in /ft 7 \ summer frocks, among them f\Jst \ Fabric-finish Stationery Orchid Pink Blue (' J on Sand Brown .. fv/ MC ()X Modestly priced at 95*. CHOICE of white and lavender in this fabric- Crushers of white pique, surface Correspondence Paper—twenty-four 05*. ff JIl sheets of paper and twenty-four envelopes in deco- —* he downstairs store . \n\ rative boxes—unusually low-priced at 20* box. -the downstairs store Unusual Values: Women's White-sole Remnants at Reduced Stockings at 40c Pair Ft r\i tx'r«Tvr/~'C3 t vt .rp JT - t„ • ole s and narrow hemmed elastic top; sizes BVfe, 9 LOUNCmGS, Laces, Nets, lulle and Embroideries and riced except ionally low at 40* pair. figure in this group of remnants, suitable lengths _the downstairs store for vestees, linings and other uses; also Ribbon Rem nants in useful lengths—sharply underpriced. . the powNSTAnts .Tons C u t Glass Water Set Children's Pink Jersey Special $1.90 J of the star design, -J iJ) Bloomers 35c pictured, and grape cutting, Srti.wr ,4, r ~ , in these good-looking services 01-T cotton Jersey, serviceable and easily tubbed, . , Dit . Ik*] ... .. ... ■ .. . . ' for summer beverages. Pitcher, gt 1i» fashions these Bloomers, with elastic at waist- ... ... * . "I-I- o i; 1 „ c . Q , ' T . , . with six thin-blown tumblers, —-j line and knee. Sizes Bto 16 years. Low-priced at . , , a 1? —U .. r H special ' ' —THE DOWNSTAIRS STORE —THE DOWNSTAIRS STORE Vy Disagreement in Economic Meeting WASHINGTON, June 13 Differ enc» of opinion cj iim# if at the conference cm economic regenerntlon of ugrlciilture, he'd between Herx#*- tary Hoover, Secretary Wallace, farmer*, mUlem and elevator fn*-n here today, Whll« the meeting wil held behind <•!«»:«»*« i doors, It wa* learned that mill «»r* an I el« vutor men were opposed to certain phase* of the proposal to extend wide credit on warehouse cer tlf tea tew, the proponed grain market- Irig pool and other remedle*. The farmers were understood to have taken a stand for the measures a* they were prepared. •9,»7?.-!99 IN TKKAHI BY OIjYMPIA, Juno 11 -Ther« 1* $».• 872.2H9 in th« state treasury, accord ing to ii report Issued yesterday by Treasurer C. I- Baboook. BUSINESS SHOW TO BE EXPANDED More Floor Space Provided for Exhibits With 10.000 more h4uat* f**t of MpAce applUd for by th« oorr»mltt*»« In rharft, n total of 300 booth* will l»«* mado avTiilfihlr for In th* 1 show «rranged In ronn«Kllon with the Mer rhnnta' convention and Buyers' w■ *k in Mittl« Julf 86 to 10. Already 120 flrmii hava engaged Hp;w «. Hundreds of a< ceptanren of invliatlona to attend the week in He at tie have been received, and more are coming on every mall. An ar rangement ha* been made whereby a Would Remove Federal Bank Men HIfIKANK. Waah., June li.~Tta« norifmutlon of W P. G Hardlnn, tfoy ernor of the Federal rteaerve Ntnk, and the board of <ll rector* of the f»4 eral rwrvc bosird, wua futknl in M open letter aent to Benalor K. l.mM, Waahlnsrion, Tt. C.. by th« national Non Partlaan leanrue, In con vention here Sunday. vlaitinK merchant will have on* mil# of lilm railroad fare paid for every dollar of purchase made at tha ex hlblt. If a man romea from IN inllea away and makea a 1100 pur chase, hi* fare both way» will be paid by the committee. The exhibit la In charge of the Hale* Manager a* aaaoclation and the Northwest Products committee of the Chambe.r of Commerce. PAGE T