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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Sept. 30, 1919)
THE MORNING OREGOXIAX, TUESDAT, SEPTEMBER SO, 1910. CI ) I s I i I ARE Iff 0 G Conditions Better in Oregon, Washington and Idaho. 1 LIVESTOCK RANGES STOCK IS IN GOOD SHAPE Cattle Grazed in Mexico Ar Ke turning to Border Keady for Market. 6tock ranse conditions are improving in Oregon, Washington, Idaho and northern California. Elsewhere in California they are slowly deteriorating and In Nevada and some portions of west central Utah they are poor. A:falfa pastures In Nevada are short because the fields are unusually dry, due to the lack of irrigation water and rainfall. All classes of stock in Ari zona aro approaching the dry season under the. most favorable conditions. Cattle Crazed in Sonora, Mcx., durins the summer are returning to Arizona in fine shape and rounds-ups for market are in progress. Range and stock conditions in the Pacific coast district are reported by the weather bureau as follows: Oregon The weather is mostly fair and warm and pastures are improving. Washington pastures have benefited with fine warm weather and no rain. Idaho Good rains in the south were very helpful to pastures and ranges. California Ranges In the north are lightly Improved, but elsewhere they are alowly deteriorating. Nevada Alfalfa pasture Is short, as the fields are unusually dry. Utah Ranges continue to improve bul are still poor In the west central sections. Arizona All classes of stock are doing well. Cattle grazed in Sonora are return ins to the bordf-r in fln condition. COARSE GRAIN PRICES UNCHANGED Little Interest Shown in Trading: on Local Hoard. The eastern markets were lower but local grain prices were unchanged and lit tle interest was shown in business at the Merchants exchange. December barley sold at $:t.04 at San Francisco. Weather conditions in the middle west as wired from Chicago: Illinois, clear, cool; St. Louis, clear, fine, heavy rain last night; Kansas City threatening, 58; Sedalla, cloudy, 02; Kansas, good rain last night and still 'raining at Hutchison; Ne braska, cloudy, cool; Iowa, cloudy, warm; rain last night at Davenport; Ohio, clear, lino; Kentucky, clear, cool; Minnesota, oioudy, cool; Winnipeg, cloudy, heavy mist. Forecast: Grain belt Illinois, Mis souri. Iowa. South Dakota, Nebraska, Kan aas probably showers tonight and tomor row, warmer, northwest cooler. Illinois, Iowa, Missouri, Wisconsin, Minnesota cloudy, cooler, probably frost." Terminal receipts in cars were reported by the Merchants exchange as follows: Wheat Barley Flour Oats Hay Portland, Mon. Year ago Seas'n to date. Year ago Tacoma. Sat.. Year ago ion SO r.L-T -11 la Seas'n to date.!4l7 Year ago IG.il Seattle. Sat... 'Jl Year ago 15 Year ago IrtTP 63 1 11 S 1 6 114 6.-4 22:i 4:; olo 0D6 2(1 b-i p 4! 70 2.'7 1 .... 60 417 3 3 1 21 4."6 3S5 830 crease of L'SS. Receipts were 14 eases from O-egon, ten from Idaho and 400 from Kansas, California Produce Movement Resume. California produce began arriving; again yesterday, among the shipments being car. lots of sweet potatoes and grapes. Very few peaches were In the market. Two cars of Washington potatoes were received. Prices were steady. Oregon Bur banks and Washington Netted Gems Bill ing at 2.10 i.60. according; to quality. Bank CliarinK. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Portland $7 oj: .vj Seattle 7',oi!iio Tacoma ri.v 07:1 Spokane- 3,lli'.R:ia STEEL STOCKS MOKE UP I HIGHEST PRICES RECORDED DURING FINAL. HOUR. PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc. Merchants Exchange, noon session: -Bid- Sept. 60.50 til. 50 Oct. 61.50 02.&0 Nov. $5.50 62.00 63.00 60.00 58.00 63.30 50.0O 5.50 58.00 59.00 37.00 2.20 50.00 52.50 56.00 59.50 36.73 per Oats No. a white feed. Barley Standard feed No. 3 blue Corn No. 3 yellow Eastern oats and corn, bulk UUUi :6-lb. clipped 40.00 3S-lb. clipped 50.O0 Corn No. 3 yellow 58.50 Barley No. 2 58 50 Corn No- 3 yellow. Dev 37.50 WHEAT Government basis, bushel. FLOUR New crop patents, $10.75; bak ers' hard wheat, $10.5010.75; whole wheat, $10.05; graham, $U.S5; pastry flour, $10.25; straights, $10. MlhLFKKU Mill run, f. o. b. mill, car lots, ton lots or mixed cars, $30jp4o; ton lots or over, delivered, $1.50 Ca 2 extra; rolled barley, $68; rolled oata, tf0; ground barley, $GS; scratch feed, $78. CORN Whole, $70; cracked, $72. HAY Buying prices, f. o. b. Portland: Alfalfa, $2Dtj30; cheat ?1710; clover. $21 fa 22; oats and vetch, '2l& 22; alley timothy, $2t)i&28. Hairy nod Country Produce. BUTTER Cubes, U2 -score, C0c; 01 -score, 00c; UO-score, 58Vac; prints, parchmenc wrappers, box lots, 05c; cartons, 65c; half boxes, :C more ; less than half boxes, lc more; buttertat. No. 1, 6560o per pound. CHEESE Tillamook, f. o. b. Tillamook, triplets, 80c; Young Americas, 31c; long horns, 31c; Coos and Curry, f. o. b. Myrtle Point, triplets, 29c; Young Americas, 30 He EGGS Oregon ranch, candled, 60t4c; selectH, 60ii07c. POULTRY Hens, 24(30c; broilers, 25 28c; ducks, 25 $3 35c; geese, 20c; turkeys, nominal. VEAL Fancy, 26c per pound. PORK. Fancy, 26c per pound. Fruits and Vegetables. FRUITS Oranges, $5.756.75; lemons $68.50 box; bananas, itraiic per pound; apples, $1.25 & 3.50 per box ; cantaloupes, $1.253.25 per crate; peaches. &5c&$1.10 per box ; grapes, $2 " 3 per box, 8 4j 11 c per pound; pears, $2.25&3; casabas, 2V.-c per pound. VEGETABLES Cabbage, 2 &2ic per pound; lettuce, $2.50''a2.75 per crate; beets, $2.50 Ca 2.75 per sack ; cucumbers, 75cr 1 a box ; tomatoes, 05 00c per box ; beans, 8fi0c; green corn, 30 40c dozen; egg plant, 7 Vi (5 0c pound ; turnips, $2.75 per sack : carrot a, $2 rZ- 2-25 per Hack. POTATOES Oregon. $2.10 2.60 tack; sweet, G'Sec per pound. ONIONS Oregon, 3U3o per pound. Provisions. Local Jobbing quotations: HAMS All sizes. Choice, 39440c; standard, 3N rd 30c; skinned, 33 3Uc; pic nic, 25c ; cottage roll. 30c. LARD Tierce basis, 32c; compound, 27V-c per pound. DRY SALT Short, clear backs, 28 33c; plates, 26'&29c; exports, 2'&,32c. BACON Fancy, 49 52c; standard, 42 45c; choice, 3Sc. SALES OF APPLES ARE INCREASING Prices for Boxed Fruit Current at Ship pine: Point. Apple market conditions at shipping points are wired as follows: Spokane. Wash. Sales increasing. We nt tehee Winesaps, extra fancy, $2.75; De licious, extra fancy, $3.50; Jonathans, extra fancy, $2.402.50; small sizes, extra fancy, $2.25. Yakima Jonathans, extra fancy, $2.302.40; fancy, $2.20; C, $2; Delicious, medium to large, $3.50 Hood River Spitzenbercs, extra fancy, medium to large, $2.65; fancy, $2.45; C, $2.15; Black Twigs, fancy medium to large, $2.30; New tow us, extra fancy, medium to large $2.50 (q. 2.05; fancy, $2.25 & 2.45; C, $2. Other districts Jonathans, extra fancy, $22.25, mostly $2.25 tfp 2.30; fancy, $2 2.20; Romes, extra fancy, 2.25 & 2.35; fancy, $2.13; Black Bens, extra fancy, $2.40;' fancy, $2.20. All above sizes except where noted are small to large. Grand Junction, Colol. Haullngs mod erate, demand moderate, market steady. Wa3onloatls cash to growers, Delta-Montrose district Jonathans, $2.25 & 2.50, bulk per 10O lbs. Carloads f. o. b. usual terms, Jonathans, extra fancy, $2.25 & 2.50; fancy, $2&2.25 per box. ARGENTINE CORN PRICES FIRMER Increasing Amounts Are Finding Their Way Into Europe. Commenting on the corn markets abroad Sroomhall cables from Liverpool: "Increasing amounts of Plate corn have been finding their way into consumptive channels but the distribution in the United Kingdom Is still rather slow and the de mand prevailing absorbs all amounts put forward. Larger arrivals can b looked for shortly, and It is hoped these quantities will be placed in the hands of distributors immediately. Argentine prices show firmer tendency with exporters taking hold en a broader scale. offerings, however, remain in plentiful supply, so the foreign buyers need feci no anxiety regarding their ability to satisfy their future requirements. Oats trade has dwindled to very small pro portions and business at present is quiet. Quantities of American and Plate are avail able, but buyers do not appear anxious to purchase at present prices. GOOD GRADE OF BUTTER SCARCE Poorer Cubes Freely Offered, but Meet With No Demand. The cube butter market was inactive, but firm on the better grades at last week's prices. Undergrade were liberally offered but met with little damand. Storage hold ings were reduced to 0S7,OS4 pounds. Street Stocks were 2735 cubes and 099 pounds. Re ceipts were; Pounds. California .................. 525 British Columbia 30.MJ0 Oregon 2.173 Waoiilngton 640 Total 43.200 Cheese receipts were 12S5 pounds from Oregon. 1 77 0 from Washington and 113 from California. Wheat Dealer Refused License. The United States wheat director an nounces that t he application of 11. W. Smith, of Fredonia, Kan., for a wheat director license will not be granted until October 1, 1919, and that in, the meantime It has been required that he abstain from all business requiring license under the act of Congress. This Is announced to be due to Mr. Smith's inexcusable delay in filing application, and for making shipments of whea regardless of his failure to vecure the required license. Mr. Smith is fur ther required to post a notice at his place of business admitting his violation of the wheat control act, and promhting future observance of the wheat directors' rules, regulations and requirements. More Kansas Eggs Received. There was no change In the egg situa tion. Another car arrived from Kansas and trade in general was slow. Prices on the street had a mide range of 60 to 64 cents tor can a lea uregons. Easterns, as uch, sold at 56 cents. Street stocks were 2403 cases, or 140 more than Saturday, fitorass holdings were 30,590 cases, a Ue- Staple Groceries. Tocal Jobbing quotations: SUGAR Sack basis: Fruit or berry, $9.05 ; beet, $9.55 ; golden C, $9. 15; pow dered, in barrels, $10.25; cubes, in barrels, $10.40. NUTS Walnuts, 265 30c; Brazil nuts. 35c; filberts. 80c; almonds, 24&30c; pea nuts. 20c. SALT- Half ground, lOOs, $17 per ton; ()s, $18.75 per ton; dairy, $26.5028 per ton. RICE Blue Rose, 14 per pound. BEANS Pink. 7c, lima, 10 per pound; bayous, 7ic; Mexican red, 7c. COFFEE Koauted. in drumfe 39&50c Hops, Hide, Wool, Etc. HOPS 1919 crop, 69 & 70c per pound. HIDES Green, 28c; salted, 32c; calf skins, 85c; kips, 55c; dry hi (it. 42c; dry calf skins, 80c. WOOL Territory staple, 48 58c, ac cording to shrinkage; clothing or French combing, 45(4'54c; half-blood combing and clothing. 45 (jx 0c ; three-eightns clothing and combing, 4 5 60c; quarter-blood cloth ing and combing, 40 $3. ic; common and braid. 38 ft 50c. MOHAIR 1918 clip. 45e per pound. TALLOW No. 1. 10c per pound. CASCARA BARK New, 11c per pound. oils. LINSEED OIL Raw, barrels, $2.26: raw. cases, $2.36; boiled, barrels, $2.28 ; boiled, cases, $2.38. TURPENTINE Tanks, $1.91; cases. $2.01. COAL OIL iron barrels, 13 Jt$c; tank wagon. 13'Ae; cases, 24'3-olc. GASOLINE Iron barrels. 23 c ; tank wagon, 23 Vj c ; cases, 34c ; engine distillate, iron barrels, 16c; tank wagon, 16c; cases, 2G&C. SAN FRANCISCO PRODCCE MARRE1 Prices Current on Eggs, Vegetables, Fresh Frnits, Etc., at Bay CUj. SAN FRANCISCO, Sept, 29. Butter, solid cubes. c. Eggs Fresh extras, 76Hc; extra pullets. 63c. Cheese Neir firsts, unquoted ; young Americas unquoted. Poultry Hen. 36ff?37e, large; small, 29 631c; roosters, 33(&36c, young; old, 18 20c; fryers, 30JJc; aquabs, 4u50c; pig eo is, $2.50$2.75 dozen. Vegetables Egg plant, 50c $1 lug box; bell peppers, 50 (3-75c box; summer squash, 50 (q, 75c large lug; cream, 75c 1 box; to. na toes. 73 90c, large lug; pctatoes, rivers, white, $2nf2.50 cental; sweet, 3i & 4o lb. ; onions, yellow and white, $2.25 cental; Austrt-l'an brown, $2.o0&2. 5 ctn tal ; cucutnbr-rs. ;0& .c lug; green corn. $-4j'2.2 sack; garlic, 20 22 Vic lb.; beans. string, 331OC lb.; wax, jc; 11 mas, i!Qic celery, $3 3.75 crate. Fruit Oranges, $45.50 tox; lemon? 8 hitc lb. ; pineapples, $2.504.50; Hart let t pears, $3.50 rr 4 box; apples, tier. King, $2; nelle-rf laur, 1.2o&l..5 box; quinces. 7.c5 $1.00 lug box; peaches, 7.cSfl fcinail box; melons, crtte casabas, SO & 75c; honey dew. ioc'u . : watermelons. 1 fg 1 lie lb. cantaloupes, standard?, 5 2.i0fi)2. 1 5 ; pony, $1.502; figs, black, 75c$l, single layer box: white, ncgt$l. single layer; rasp berries. $1314 chest; strawberries. $14'9 15: !ackbtrria. $1013; huckleberries, 16$ 17c lb.; plums. 50c fir $1.25, all varie ties; grapes, Malaga, $ 1.25 fir 1.50 crate; seedless. $2? 2.73 larpe luir box: Toknv. $1. 25fa 1.50 crate; pomegranates. $2&2.50 half orange box; persimmons, $1.505 2 per 20 lb. btx. Receipts Flour. 3000 quarters; onions, 480 Eackn; hay, 1113 tons; hides, 712; wine 82O0 gallons. Eastern Dairy Produce. NEW YORK, Sept. 29. Butter, firm. creamery, higher than extras, 63 tp64c; cieamery extras, 63c; firsts. 53V&&62c. KiffTH. strong; fresh gathered extra. 2i-H4c; extra firsts. OO&Glc; first. 56 Cheese, firm; state whole milk flats, cur rent make npeciHls, 30 31ci ditto aver age run, 30ifr30Vic. CHICAGO, 8ept. 29. Butter, unsettled; creamery, 49Cr 63c. Egs, higher; receipts 11,655 cases: firsts. 041 52c; ordinary firslw, 45 (g-40c. at m-irk, cases included, 44 1T 50c ; storage packed firsts, 52e 53c. Poultry, alives higher; spring, 25c; fowls, (& 2tUc. Seattle Feed and Hay. SEATTLE. Sept. 29. City delivery: Feed Mill, $45 per ton; scratch feed, $80; feed wheat, $S2: all grain chop, $74; oats, $62, sprouting oat. $71; rolled oats, $64; whole corn. $74; cracked corn, $76; rolled bar ley, $71; clipped barley. $70; alfalfa meal 3. Hay Eajtm Washington timothy mixed. $30 37; double compressed. $40; altalfa, &31&32; straw, $15&16; Puret sound. $31. Some Recessions Just Before Close, Owing to Advance In Call 3Ioney Rate. NEW TORk. Sept. 29. gteel shares were again the pivotal feature of today's very active stock market, evincing erratic tendencies in the early dealings, but rising vigorously later, when advices from indus trial centers were more encouraging. Equipments reflected the uncertain trend of steels for a tima, but Improved ma terially later. Variable strength was displayed by food shares, especially sugars, with substantial gains In leathers, rubbers, tobacco and paper issues and rails. Highest quotations were reached In the final hour when Crucible Steel showed an extreme advance of 22 V4 points at the new record of 237'i. while United States Steel rallied from its low of 10474 o l073. closing unchanged to a point under is top price. Bethiehem 'B" added 3Vi points to last Saturday's gain of 7 points. Harvester was exceptionally active and strong and General Motors, Studebaker and Baldwin Locomotive were freely absorbed with Endicott-Johnson and a few other spccla!trs at gains of 3 to 12 points. Maximum prices were reduced by 2 to 7 points just before th close, when call money, which opned at 6 per cent, mounted steadliy to 9 per cent, as much as 15 being paid by belated borrowers after the end of the session. Sales amounted to 1.375,000 shares. Foreign exchange was unsettled by the heaviness of bills on London, cables from there indicating uneasiness in financial cir cles because of the British railway strike. Liberty bonds eased after showing mod erate strength and the general bond division, including rails, was irregular. Total sales, par value, aggregated $12,875, OO0. Old United StateS bonds were un changed on call. CLOSING STOCK QUOTATIONS: Sales. High Am Beet Sug 12.300 95 s American Can oO.unO B. Am Ca & Fdv 2.3HO 153 Am H & L pf 2.loo 12: Am Locomo.. 13. ow 10' 3.1 00 2U.U00 Am Sm & R Am Sug Ref.. Am Sum Tub. Am Tel & Tel Am Z Lit S.. Anaconda Cop Atchison A O Jit W I S 6 Bald Locomo. Bait & Ohio.. Beth Steel B.. 117.800 Bu Sup Cop loo Calif Petrol.. 8,1100 Canadian Pac. H0 Central Leath 22.0O0 Ches &. Ohio.. 4u0 Chi M & St P 2.ono Chi & N v. .. Chi It I & Pa Chino Copper. Col r & J . Corn Products Crucible Steel Cuba Can Sug U S Food Pro Erie Oen Eelectric . General Motor 20.800 Gt North pM. 3.1O0 Gt N Ore ctfs Illinoln Centrl nspirat c op.. In M M pfd.. nter N ickei .. Inter Paper. .. Kennecott Cop Loui.i Ac Nash. Mexican Petri Miami Copper. Midvale Steel. Missouri Pac. Nevad Copper N Y Central. . N Y N H & H Nor & West.. Nor Facif ic. . . Pacific Mail . . Pan Am Petri Pennsylvania . Pitts & V Va Pittsburg Coal Rav Con t'op . Reading Rep I & Steel Sinclair O & I Southern Pac. Southern Ry.. Studebkr Corp 4f.no Texas Co h.inio Tobacco Prods ti.noo Union Pacific I.Min United Cig Str 32,ooo U S Ind Alchl 4.S(H U S Steel 131.0011 U S Steel pfd. Utah Copper.. 2.90.1 WestghHe Elec v litys-ovrin . National ead Ohio CiL Cas. R Dutch N Y l.OOO 3, 000 2,000 2.3O0 l.OOO O.loi) 1,200 1.7tO 2.SOO 1,400 2s".!o6 21. 2oft 4.8nj 5,0'O 400 5ii0 loo 4.4O0 4.70O 3.500 1,000 2,000 17.300 1O0 lO !to0 6.0OO 80l OOO 2.200 "G.OOO 2oo C.I 00 3,OoO urn It 00 700 I.O011 4.000 67. 0O0 14.0OO 1 ,1 00 4. lOO 8.S00 100 fi.OOO 30.000 343 U 9rt 99 24 ' ;.s H 90 13 i:;.s 31 U 108-H 28 14 53 U 351 104 57 l 42 'i 0O 4 2H 42 251 , 42 15H 25'- m; ,4, 40 !:.' iO-ii 11 20 02 -i 35 hi 19 i 20 i 52 'a 2014 37 74 32 "si" " 384 31T. 4:; 04 23 80 4 9li tto 'i 102 23 N 121 -4 1 1 1 '.-2 17 114 .Mi'. 34 '4 T.4 7i 10UT, Low. KJ 04 i:-.' !-: V4 JOT IV.) i'4'i !il 'i BTVi bit ',3 I'lO it' 10J 2714 r.i 'i Al DO 27 42 'ss 212; 31" - SH'i lo S4 4.-i !:;', 11'4 2.". -, 34 2 .". 1 31 4 :;sfi 117-4 42", 32 . 22 ii 7!4 t .-.s im jr. 'A 11Si 274 10li 122 'a llif in.-. l4Ti 114 M a. 33 H 100?. Kale. U4'4 l.i3 128 107 73 112V, 1)3 M i 23 tii't bu 1624 13.". '4 3M'i Hl7 28 r.3 I. -.0H H31 .17 42 00 27 1 42 4i fS 23i U 42 t4'4 1.-. 10T, 2iil 73 li 4 t3 00 4 117 1, 2 02 1117 217 ti'i .'. 2 V4 28 17 73 '4 31 !1R 8!'A 3S II. 8 4 2 '4 32 H4 22 HO r. H 5M 4 102!4 2 -9. HO 274 '4 102 1224 1 lO'i 13 10(1 114 82 N.' '4 33 83 '4 S3v4 102 '4 to 14.03o, or 75 to 78 point, nt lower and 1 about 113 to 123 points below the high price touched on the rally of last ween. There wae some covering at the cloee which caused ralllee of a few points. Last price, were 40 to 49 points net lower. September, 14.o9c: October? 14.44c; Decem ber, 14.14c: January, 14.10c; March, 14.10c; May. 14.07c; July 14.05c. Spot coffee unsettled; Rio 7a, 15o; Santo 4s. 2434 42oc; nominal. aval Stores. SAVANNAH. Kept. 29. Turpentine, steady, J l.fio 1.&3 : sales. 353 barrels; re ceipts. .VI barrels; shipments. 260 barrels; stock. 8778 barrels. Rotiln. firm: sales. 004 barrels: receipts, 240 barrels; shipments, B8 barrels; stock. 40,141 barrels. Quote: B, SlS.'J.Ki 3I; D. 15.75: K. 815.83816: F. tl'(Tl6.H; G. $16.30 16.50; H. 1 1 8.50 4ji 1 .K5 ; I, 17.90 18; K. $18.55fi19: M. 19.50ti20: N. 120.50 021; WO, 121921.50; WW. 122.50. Metal Markets. NEW YORK. Sept. 20. Copper, aulet; electrolytic, spot and September. 28Hc; October and November. 23 H H 24c. Small lots, second-hand. spot. 310 22c. Iron, steady; No. 1 northern. 830; No. S northern, $20; No. 3 southern, 128. Antimony. 8.62e. Lead, quiet; spot, 6c bid: 8.10c asked; October. 0c bid. 6.10c asked. Spelter, quiet; East St. Louis delivery, spot. 6.10c bid. STOCK YARDS RUN LARGE NEARLY ONE HUNDRED LOADS RECEIVED OVER SUNDAY. Week's Market Opens AcLlre With Prices Steady and Unchanged in AH Lines. There was a aood run of 97 loads t the stockyards yesterday and a very active market throughout the day. Prices as a rule held at last week's level. The hog market was firm with the bulk of sales at $18. Cattle were Inclined to be slow but prices were steady. The best East ern Oregon lambs sold at $12.60 and valley lambs at $11.50. Sheep were unchanged. Receipts were 1300 cattle. 100 calves, 1100 hogs and 8100 sheep. The day's sales were as follows: . Cattl! Best steers $10.007 11.00 l.ood to choice steers 9.50ftl0.00 Fair to good steers 7.r"''o 8.S0 Common to fair steers S.OOfir T.K Choice cows and heifers 7.75) 8.25 Good to choice cows and heifers 7 0OW 7.75 Medium to good cows, heifers. 6.00 7. 00 Fair to medium cows, heifers Canners Bull Calves Stock ers and feeders Hogs Prime mixed Medium mixed Rough heavies PigH Sheep Prime lambs Fair to medium Iambs Yearlings 5.000 coo 3.00 'it 4. SO 5.IH'Vl 7.00 ft. 00 t in. m tf.OOf 0.00 I7.50? IS. 00 17.0O4 17.50 13.76ft ia.00 15.7510.00 Wethers Ewes Wt. Price 11 steers. .1385 $1(1 'Bid. U S Iib 3s. . CIO ISt 4S. . . do Ud 4. . . . do 1st 4 Us. do 2d 48.. do 3d 4Hi. . do 4th 44s. Victory 34s. . do 4a U S ref I's reg.UM do coupon . . itHi U S cv 3s reg.i do coupon ...; do 4s ret?. ..106 do coupon . ,100V BONDS. .100.iOiA T A T cv 6s. 100 . i.(.30'Atchen gen 4s.. 78 . H4.3S D & R ref 5s 5s . 95.HA V Y C deb 6a.. U5j . f4.4SN'or Pac 4s.... 77 . SfO.Ri do 3s 51 . 94.34'Pac T & T 5s.. H . Penn con 4s. 4 4 10 6 34 5 11 4 . .1000 . . lnno . .1U13 . . 987 ..HDD . .1012 135 7 . 012 . 150 .10H2 . 1 00O . IOO6 S73 rs . . . . I So Ry 5s. .. , l J P 4s U S Steel 5s, Anglo-Fr 5s. , ..100H ..874 . . 84 . . W 17 Bid. Mining; Stocks nt Ronton. BOSTON, Sept. 20. Closing quotations: Allouez 41 North Butte . 15 i Ariz Com 14iiOia JJomln. . . . 4U1 Cal &. Ariz 73Vjulncy 0T& Cal A Htcla. . .405 Quincy 6X 37 Superior 64 51 (Sup & Boston. . 3 14 17 v Shannon Centennial Cop Range . . East Butte . . Franklin Isle Royalle. . I.ake Copper Mohawk 4 Hi 5li 60 Utah Con . . Winona Wolverine . Greene Can. 1 42 & Money. Exchange, Etc. NETW TORK. Sept 20. Mercantile paper 5Va per cent. Sterling, demand. 4.20; cables. 4 21. Francs, demand, 7.10; cables, 7.87. Guilders, demand. 38 cables, 3SB. Lire, demand, 9.50; cables, 9.48. Marks, demand, 4H ; cables, 4 V: . Time loans, steady; 60 days, 90 days and Six months, " 5 0 per cent. Call money, strong; high, 0; low, 6. ruling rate, 0; closing bid, 8; offered at 9; last loan. 0; bank acceptance. 4 After the close of the stock market call loans on all Industrial collateral were rm.de at as hich as 15 rfr cent, which in the highest rate since July 30 last. Bar silver. $1.17. Mexican dollars, 89 s-ic. LONDON. Sept. 29. Bar silver, 62 Hi d per ounce. Money, 3 lm per cent. Discount rates, short bills, 3 7-161 3 per cent. Thrse-month bills. 30-lr"JH per cent. COAST ASD EASTERN DAIRY PRODtCK Butter Market at San Franclseo and Eead- in;r Eastern Cities. Boston Butter market very firm on all grades. Undergrade VtSlc higher. Trad ing on all grades active except high-scor ing butter, which is very scarce. Sellers are taking advantage of condition of mar ket and are moving everything that will show a. profit. Chicago Market steady with easier un dertone on top grades and 12 averaging trifle lower. Number lots offering at 52Va ii ."3c and feeling is that market Is top heavy with range between scores too wide. Central lied cars of suitable color and salt 00-acore sttll bring some premium and are c higher. Underscore cars meet less demand. Today receipts still light, street stocks well cleared. New 1 ork Butter continues very firm with fine butter very acarce. Under grades are in fair demand with very little advance in prices. Cars centralized fcU- score selling around 55c. Storage butter finds better sale. June extras selling at about 57c. San Francisco Trading and demand were fair today and prices advanced about 5,c. Short held extras 'are In some de mand and selling at about 92 score, ti--C Coffee Futures Break Sharply. NEW YORK, Sept. 2'J. Declines in the Bra si Man market led to a renewal of scattering pressure in the market for cof fee futures here today and prices broke sharply in the absence of any aggrestVti support. Trading was very quiet at the start, but prices opened at a decline of 9 to IS points and or fibrin ga became a little more active after receipt of special cables showing sharp declines in Santos futures. iM-eember sUI off to 14.nio nd March 1 steer... 1 40O 10 steers. .1021 13 steers. . 9i3 16 steers. .10K5 4 steers. . 930 4 steers. .1 lull 2 steers. .1105 9 uteers. .1210 23 steers,. 10J0 2 steers. . hit 5 15 steers. . 845 5 Hteers. . 5HI 22 steers. . 971 2 steers. .inuo 6 steers. . l'".r, steers. . 8.1O steers. .1045 15 steers. .112 1 1 steers. . 9 7 steers. .IOhj 11 steers. .1(72 4 steers. . 1 1 3 1 4 steers. . 070 12 teers. .1206 S C0WS...I10S 4 cows. "J cows. 4 cows. 17 cows. 2 cows. 4 cows. 4 cows. 8 cows.. .1125 2 cows. . . 10H5 cows, cows, cows, cows, cows, cows, cows. cows. . . 1851 cows. . . 1 1M0 7 COWS...1U44 2 cows. ..1063 9 cows.. .1070 5 cows. ., 1 1 25 4 cows 1O50 4 COWS...1025 28 cows... 1034 12 cows.. . !). 32 cows... 10 20 cows... 964 40 cows... IIOO 1 cow. ...1.30 1 cow. . . .10H0 1 calf.. . . 230 3S calves.. 217 0 calves.. 1 calf.... 1 calf.... 6 calves.. 1 bull.... bull.. . . bull bull bull bull... , bull Ulan . . , 10 mixed.. 10 mixed.. 3 hogs. . . 14 hogs.. 6 hogs. . , 30 hois.,, 3 hogs... 36 hofcs.,, 5 hogs.., 83 hors. . . 19 hog. . . 55 hogs. . . 9 hogs. . , 11 hogs... 02 hogs... 2 hogs . . , 90 hogs... 11 hogs... 39 hogs. . . 7 hogs.., 8 hogs. . , 4 hogs... 4 hogs... 2 bogs... it so a-12.50 11.OOtoll.50 8.O0 9.UO 7.00 rt 8. no 5.00&) 7.50 Wt. Price. . 130 16.50 EXEMPT 1'HOM ALL EEOEKAL INCOME TAXES $13,000.00 Jerome "County9 Idaho , BOND-HILLSDALE: HIGHWAY PKTmtT . Dated Slay 15. 1918 Dm BrrLillr May IS. 1930-39 DENOMINATION 500 AND 10O0 """hi, lfsue of bond, will be ud for the rurpose of affordlnr the district y .., a i.vsipm of permanent road, anJ tbe bouda were voted by almo.t a unanimous vote. Jerome County, In which this highway district Is located. Is In the famous Twin Falls sei-tlon of Idaho, a section nottsd for Its Intensive cultivation an-i the large crops produced annually. We recommend these bonds as very safe and desirable investment. PRICE: TO NET 5.20 i i , . . , Liberty and Victory Bonds If you must sell your Liberty or Victory Bonds, sell to us. If you can buy more Liberty or Victory Bond!, buy from us. On Monday, September 20, lllit, the closing market prices were as given below. They are the governing prices for Liberty and Victory Bonds all over the world, and the h:;heit. We advertise these prices daily In order that you may always know the New York market and the exact value of your Liberty and Victory Honds. lt 2d lt 2d 3d 4th Vlct'ry Virt'ry SHi 4s 41 44fl 4 S 4ii 4m 34S 4 s Market 10U6 95 30 94 30 95.66 94.50 00 ;4 94.3S 99.92 O'.t.OO Interest 1.02 1.17 1.50 1.24 1.59 .18 1.95 1.35 1.72 Total ....1O1.0A 00.47 9.VHO 96.00 06.09 96.82 06 33 10137 101.62 When buyinK we deduct 37c on a S5 bond and $2.50 on a ftluOO bond. We sell at the New York .market plus the accrued interest. .Burglar and Flrop-oof Saf o L posit Boxes for Rent Open Until 8 P. 51. ou Saturdays MORRIS BROTHERS, Inc., The Premier Municipal Bond House Capital One Million Dollars r Morris DM-.. 3u'J-311 Stark St., Bet. Sth and 8th Telephone Broadway 2101 Kstablislied Over 25 Tears 184 .v 8iD 4 75 1510 1 1 Si) loiio 14NO 178H 1) 13SO lx, 371) USD 203 . 3 L'Ul 218 170 205 3 hops.. 10.00 7 hogs 220 9.7f ft hogs.... 213 O.Uil 8 hogs.... 343 U.M 5 hofts.... 3.tt S.8i:7o noun . !7 U.O0I21 huts.... 102 9.001 7 hogs.... 131 9.2.V10 hous 12U 9.2.'i 2 hOKS.... 133 H.nol 5 hogs.... l.2 lO.ilO 2 1K.K3. ... 17". 7. Ml 7 hiiKS 2r.O 2SI 2 hofrs 240 KI.M! 8 hogs.... 141 10.K24 hoK. ... i0 lt.oo 7 hKB. ... 100 10.2S 12 hw.... l.'.O 0.7T.I 2 htKS.... 225 !..-.( I i 5 hoKH. . . . l'.)2 .7S 8 hous. ... 170 8.7ft 2 hoK.... 815 U.2AK3 lambs... 40 H.2A 7 lambs... n!) 10.7r!24 lambs... 65 8.35'0!l lambs... I3 5.50 H lambs... 00 6.7ft 75 lambs... 61 R.Oll 1 10 lambs., ft! 8.1.VilO lambs.. . 76 8. DO 132 lambs.. ft S.ftll'tHS lambs.. .S 7.4O'230 ew.s. .. U4 7. 4(1,36 ewes.... Jul B.IMl 1 ewe 130 4 5111 1 yearl. . . 01 7.5(1:13 yearl ... 81 4.5(1 4 wethers. tiO 8.2ij'l0 steers... fl5 ft. .'XI U steers... 873 7.8ft; lO steers.. . 024 7.00 2 steers. . ,302ft 7.0O t steers.. ,lon3 7.ft(M 6 steers. 6.5o 3 steers. 7.2ft' 1 steer.. 8. 25. 2D cows.. 7.3li 3 cows.. 7.5(1 21 cows.. 7.30117 cows.. 7.8i 18 cows.. 7. Oft; 1 1 cows. . 7 nil 2S cows. . . 7.00 17 cows.. . 8.25-8 cows... 8.2ftl 7 cows. . . 8.2ft13 cows. . . Ift.oo 0 cows 16 oo 1 cow. . . . 17.001 1 calf... 17.0(li 8 calves. 14.110 calves. 9.oo 2 calves. 5.0(1 6 calves. Aon 1 calf... 6.00 5 calves. 5..MI 2 bulls.. . 7.25 1 bull 5. AO ft mixed. 6.25 2 mixed . . 7.r.ol 2 mixed . . I2.00I 8 mixed.. 5.50 - hops. . . . 18.no! 8 hoits, 18.0084 hois.. 230 223 230 l!8 187 188 235 192 24 1 213 lft.1 1BK lootl 10K3 . 71IO . 05 . I20 . ntio . K76 .10hS .1025 . 131 . 775 . 0!6 .1025 . B32 . 0!I3 .lOhO . 430 . 213 218 204 823 2ftO 2ftO 1 ftftO 1228 772 823 730 427 235 221 178 lftO 140 388 138 213 228 IX. 00 1 hog... IK. (HI 1 hog . . 18.00 2 hoss. . JK.O0 5 hoss. . 18.0O '- hu(S.. 18.11) 2 host. 18.O0 -O hOKS.... 221 18.00 2 hogs. ... 250 I8.00I 7 hogs 234 1 8.001 ft hogs.... 80 18.00,708 lambs.. 78 18.001 3 lambs... 63 18.00 4I18 lambs.. 77 is in 171 lambs.. 73 18.(10113 lambs.. . 75 18.00, 202 lambs.. 7a 1 8.00 BO ewes. .. . 82 217 I18.0O26 yearl... 03 105 IH.00IO wethers. 104 805 1 6.00 10.00 16.00 16 OO I6.01) 16..-.0 16.50 18. SO 10.75 10.75 18.75 1 7.ftO 17.50 17.ftO 17.50 17.50 I 7.HO 17.00 17.O0 17.00 17.0O 17. 60 o 00 8.00 8 00 9.75 12.00 11.00 (10 11.65 U.25 12.00 3.00 7.00 6.00 8.50 0.O0 0.00 7. 50 8.00 8.50 8.00 8.50 8.50 8.00 ft. 00 S.OI) 7.A0 8.O0 7.25 7.00 7.00 8.15 7.75 7. ftO 8.70 7.00 5.50 8. 8.00 16. OO 10.O0 lft.OO 13.00 IO.OO 13.00 6.50 6.23 7.00 7.00 7.IHI 8 50 18.00 18.00 18.0O 8.00 18 OO 16.00 10. SO 18.00 18.00 1 8.00 16.00 16.00 16.ftO 12. ftO 8. DO 12.511 11.50 12.011 12.50 . 4 .00 8.50 8.50 canners and cutters. J5.ft0a50: veal calves, $20 21.25 : feeder steers. $7'ijl2.50: stocker steers. $6.2531 lO; western ranee steers. $9&15; cows and helTers. fO.SO'd 13. Sheep Receipts 40.000 firm. Iambs. I2 "3 615.50: culls and common. JS.50 .1 12.50; ewep, medium, ftood and choice. $i.25''U 7.25: culls and common, $2 315.75; breeding. $713.25. Omaha Livestock Market. OMAHA. Sept. 20. (V. S. Hureau of Markets.) Hitlta Receipts 4000. market steady to 15c lower. Top. $17". bulk. $15.75 16: heavy weight, $Hlf 16.75; medium weijht, $16.10ei7; liBlitwelght, $16utl7: heavy packins sows, smooth. $l.YN05fl0: parkins sows, rough, $ 15.35 'u 13.80; pig?-, $15C?17. Cattle Receipts 10,500. beef steady. Butcher stock lower. Feeders stroiiK. Beef steers, medium and heavyweight, choice and prime. $15ftl": medium and good. $10 2.1 I 15: common. $94i lo.25: light weight, good and cnolre, $1 4.ft0n 1 7.50; common and medium, $:i.75y 14.5o; biitrher cattle. heifers, $6.73 1 12: mf, $0.5O'.r 11.25; canners and cutters, $.-i'i0.ftO; venl calves, light and heavyweight, jilwih 14: feeder steers, $7.50'al3; stocker ttcers $70. Sheep Receipts 41.ROO. killers slow; feeders higher. Lambs M pounds down. $12.5014.50; culls and rotnmon. $7.25 12.25; yearling wethers, $R.fto i'J.73. ewe-, medium and choice, $5."5'a 0.73; cuils and common. $2T5.7.V Seattle Livestock Market. SEATTLE. Sept. 20. Hogs Receipts, Strong. Prime, $ 1 7.50 "i 18. .10 : mec.ivim to choice. $1617; rough heavy, $15 a 10; pig. $15i 16.50. Cattle Receipts. 12. uteaoy. o'm teers. $10.50 4111.25: nieoium to i n. .ice. ; &9.50; common to good. $H'ir7: best cows and heifers, $769; bulls, $u..:.U; calvcx, $7.25&15.50. Kansas City Livestock Market. KANSAS CITV. Sept. 2!. Shep. re. ceipts. 15.OO0; lambs. J 12.2.. l...i : cuns and common. $7.'.o-.il2; yearling wethn-s. $U'd'lo: ewes. $....oi 1 ; ewes, cuns common, $35.25: breeding ewes. 7 14; teeder lambs. $10..."'.i u.oO. New York Sugar Market. NEW YORK. ept. 20. Raw sugar, steady. Centrifugal. 7.2Sc. L fined. steady; cut lonf. 10.50c: crushed, 10.25c; mould A, o.r.oc; cubes. o...c: a.xa.n powdered. 9.2(ic; standnrd powdered. O.lftc; fine granulated and diamond A. 0.001-: con fectioners A, 8.90r; No. 1 soft sugilt. ..c. as a result largely of stoppage of ship, ments to the United Kingdom, Leading lutures ranged as follows! CORN. High. Low. Closa I.-il'i 81.23. .2IM 1.24 S 1.21 "a 1.22 ii OATS. .71 Dec. May Hec. May Open. .$1.2.-.Va . 1.21 . .70 .72 MESS I'ORK. Oct 35.30 35.50 35.25 3.Y30 Jan. .... .... 31.25 LARD. Oct 2(105 27.15 26 70 26 S3 Jan 2o. 15 2:1. 17 22. 00 22.00 SHORT RIBS. Oct 10411 10.40 i;.oo inio Jan lsiiJ 18.02 1.20 18.20 Cash prices were: C..rn N.i. 2 mixed. 81.42 91.44; No. Chicago Livestock Market. CHICAGO. Sept. 20. Hogs Receipts 30.000. mostly 25c lower. Heavy, $16.25i 17.33: medium, 1 16 50 1 7 00; light. $16.60 & 17.50: light light. $16.OO0:17.4O: heavy packing bowk, smooth, $13.5018: pack ing sows, rough, $15018.30; pigs. $15.25tf Cattle Receipts 34,000, firm. Beef steers, medium and heavyweight, choice and prime. $16.25til8; medium and good $U.23&16.25: common, $8,504 1 t.S: light, good and choice, $14. 50dji 17.75: common and medium, $83 14.25; butcher rattle. Tellers, H..-iii 1 v.rt: cow., Jtl. ."to 't 1 3 ftO iT i"i 1T1 i"i iP I-Wk -xs y -x TW" Tt.WLH C4xT 1 DBaDDDDCQQCQ yellow. ll.IJiil.il. Cats No. 2 white. 70iie72V:c; No. 1 white. 07 U 77 !tr. Rye No. 2. $1.42'i Barley $1 .22' 1.3H. Timothy $s..",0i 11.25. Clovc-t Nominal. 1'tirk N'nninal. I jird S27.13. lllbs $18.5" rin ftO. 8-Ss, CORN CLOSES UNSETTLED ALL MARKETS AT CHICAGO ARK WITHOUT SCPI'ORT. firuln mt Ss.n Ffmnrlsro. SAX FRANCISCO, Sept. -7. Hour, II l.SMJ. ;raln Wheat. J 2 20: ats. red feed, tS.MKfl'j.ou; corn, nominal; barley, feed, llay Wheat or wheat and oats. $13 IS; tam oats, ll'-ilS: harlv. frj'tll; a.iaira, hurley ftraw. ou 4? hoc bale. Minneapolis (rain Market. MINNKAi'uUS, Sept. -0. Uarley, 05c ll.JH. iViaK M-llfc 4.1. Dried Fruit at New York. NEW YOU K. Fept. L'T. Kvapurated ap plns. nominal.. Western, loc; siale, -U i'rune?. qutct; California, 10tf20c; Ore gotiiJ. -7 lu IVttch'?, alow; standard, oc; choice. Sic; fancy, -tic. Dry Goods Market. NEW TORK. Kfpt. i!i. Cotton -Boods hucrs today hesitated throujeh fear of ftr;ke Influences. Cotton yarns were higher and more atti v. Haw ciik and burlap wt-re steady. Tho lovernrnent, it was re ported, will sharp. In cartridge-cloth profiUt. Hops at New York. NKW YORK, Sept. 1M.. Hops, firm: state jneliufll to choice, HM'.. 77 't l'.ls. (-I 7oc; pacific coast, 1919, lis 7uc; liUS, Weakness of Exchansc and Hold ins Vp of Shipping: to Eng land Cause of Selling. CHICAGO. Sept. 20. New declines In the value of corn took plane today, owinit more or less to a f resli drop in foreign exchange rates and to tiotire that' as a result of the ItntiNh railway strike, all sailings to the United K.iiixiom. had bfn BUrpeiiUtfU. ine niarKci cioneu unsf inea, i to hc net lower with Uecembrr 1.24 and May 91.12 i l.'J. Oats finished unrhanged to l'c down and pro visions varying from t0o decline to a rise of 70 cents. I,a:k of support was evident from tne outside in the corn market, with Wfaknet. of foreign exchange temporarily the main bearish factor. uppiimnteu ny lower quotations on hog. It was not, however, until holding up of vessels in United States porta was announced that selling pressure, became pronounced. A large amount of grain for the United Kingdom wan said to be waiting at the seaboard, and with new loading of vessels prohibited, niingivings were expressed that interior congest ions might ensue. Oats sympathized with corn weakness. In provisions downturns were the rule We can invest your money for you aafely at 6 Can you do as well for yourself? Call ar ,hon. for Iht of Municipal Bondi. Freeman Smith & Camp Co. tsooNo wuoom a s a ft Investors read Y The Wall Street kmi 4 A bora Is tb. "chop" (tiaJ. aaask)! r.sist.t.1 in Ckiaa by tk. Asia Basustf S The 6th Branch in the Orient MANILA. A T Manila, the principal city and leading commercial porti of the Philippine Islands, the Asia Banking Corporation has just established its sixth branch in the Orient. This means that exporters and importers may now, through this American bank, obtain direct and personal banking service of every nature with these vital trade centers of the Far East: Shanghai, Hankow, Peking, Tientsin, Hongkong, and Manila. We buy, sell, negotiate, or collect bills of exchange originating in the United States or in the Far Hast; finance merchandise ship ments; issue commercial and travelers letters of credit; effect, by mail or cable, the pay ment or transfer of funds between this country and the Orient. We shall be pleased to help solve your specific problems relative to trade with China. Branches in the Far East: SHANGHAI TIENTSIN HANKOW HONGKONG PEKING MANILA Branches to be opened soon in CANTON CHANGS HA HARBIN VLADIVOSTOK Asia Banking Corporation 35 Broadway CAPITAL $4,000,000 New York SURPLUS $1,100,000 Represented by First National Bank of Portland HALL & COMPANY BUT AND SELL. Railroad Public Utility Industrial Municipal BONDS TIELDINO 5 to 7 Foreign Government Loans Local Securities Preferred Stocks Lewis Bldg., Portland, Or. Fifty-sjx J Securities For your October funds the 56 securities on our October list have been carefully gathered from among the world's best investment offerings. To the. property values, earnings and sound financial records back of each of these securities is added our recommendation. At prices to yield about 3.49 to 7.63 Offering sheet on request for OK-CC2 The National City Company Correspondent Offices in Over 50 Cities. Portland Yeon Building. Telephone Main 6072 Bonds Acceptances Preferred Stock 6roNET-M0nTGAGES-NET6To DO YOU KNOW WHETHER OR NOT YOU CAN KKNKW YOUR MORTGAOI3? OUR CLIENTS T0. We assure them inortRaRe n-newals at lowest rates of Interest. Western Bond & Mortgage Co. 80 Fourth St., Portland, Or. KoirniwnTTmN Bank Bl-m. Main 4 Eastern Shortening lec linen. A decline of 2 a case in a leading east ern brand of shortening, announced yester day, continues the downward trend of this article. A prominent jelly preparation is quoted 15 per cent highr, owing to the scarcity of gelatine. Read The. Oretfouun classified adc. Investors read The Wall Street Journal PACTS NO. 46. PROVING THEIR WORTH The e n o r m ou increase in motor traffic where the roads are in rood condition shows that the public is depending more and more upon a u c h m e a n a of transportation for supplies. This con dition is aaaured whan a road U paved with BITULITHIC WARREN BROS. COMPANY. J Investors read i The Wall Street Journal Wilson-Heilbronner Co. Announce their acquisition of the K. V. IIITTOX A CO. WIRES AMJ SKItYlC K and the offices at J0I-S0-J-203 Railway Exchange Building; Th'7 tine dlrrrt wire connection with every exchange In the country, and will bay or aell any Railroad. Indnatrlal, Slrrl, Copper, i-r.ln or Cotton Stocks or Honda traded In. toi'r bcsim:ss is tounnoisLV sulicitku. Wilson-Heilbronner Co. THK HKII.BRONXUIl CO. Iluttc, Mont. IM)RTLAM). ORntJOV. I'konrai Mala Sa-ist Correapondentst K. V. HI 'l'TON CO.. 'cw York. XI-:II-:.T. ( I KT1S CO. Chlcaso. ' ' ' HAtUbi.V, STOMJ A: CO, Iloatom. We advise the purchase and axe making a Specialty of U. S. Government Bonds and are prepared, at any time, to buy or sell large or small lots W hart prepared a circular on invettment ucuritieM uhich we jKall b glad to ttnd you on rtquctt Id ddei4, Pe 4al o ciy - C o . i7WXl Stc-eet NewYorlt xj TJe-v-onaKln-e 8. Sotton Mitchell, Hutchins a Co., Inc. Tb KeaKarTi CKUag. Anglo-French Bonds To Net 7.50 Government and Municipal Bonds Bought and Sold (. Hevereaux 5L(5mpanv 87 Sixth Street Broadway 1012 Ground Floor WelLs-Fargo Building ROBERTSON & EWING LIBERTY BONDS New York tl.ntntiona Interest Included. 3Ui aioi.o Klrat 4n... ffcond 4m. . . Kir. 4V.n... Second 4 i . . Third 4,a... I'ourth 4',. ., Ictory 4e.. . im.4T lMt.M I .! im..i:t We Hut and Sell Any Amount. FEDKRAL TAX EXE.MPi G BONDS Local Securities 207-8 Northwestern Bank Building. PORTLAND, OR. f a i