TIIE MORNIXG OKEGOXIAX. SATURDAY, AUGUST 21, 1920 10, WHEAT MOVEMEnT TO PORTLANDHEAVY Receipts Are About Twice as Large as Year Ago. arrived yesterday and cleaned up readily at fl. 8562.25. Southern Oregon Bartletta are coming on the market and are held at $4 a box. Bank Clearings. Bank clearings of 'the northwestern cities today were as follows: Clearings. Balances. J5,201.9:lS $807,344 4.S77.0K7 664. 34U tHi3.r40 133. 2H2 1. 060.733 504.USJ Portland Seattle Tacoma . Spokane 4" SOUND ARRIVALS LIGHTER PORTLAND MARKET QUOTATIONS Grain, Flour, Feed. Etc. Merchants Exchange, noon session. Bid Wheat (tacked) Hard white Soft white White club Hard winter Northern spring ... Red Walla Walla.. Sept. Oct. .$2.32 2.32 L.oc-aI Warehouses Receive Nearly Four Times as Much as North ern Ports Combined. The lead that Portland is maintaining aver Puget sound as a wheat exporting point Is clearly shown in the arrivals of wheat here, inasmuch as nearly all the train coming in la lor shipment abroad. Since the beginning of the current cereal year wheat receipts at Portland have aggregated 2.505,100 bushels, or 1.83!),500 bushels more than the combined receipts at Tacoma and Seattle. Tacoma receipts since the beginning of the season have been 4A2.S00 bushels and Seattle's receipts 202,800 bus;els. The movement of wheat to tidewater Is well ahead of the same date last year, the total receipts at Portland, Tacoma and Seattle showing a rain of 616,500 bushels over one year ago. There was little doing in the wheat market yesterday. Practically nothing is selling in the country, as farmers believe they will benefit by holding. Buyers here do not take this view, as they insist that the present high prices are almost solely due to the Polish crisis and when it passes they think the market will fall. Wheat bids at the Merchants' Exchange were unchanged. One hundred tons of corn were sold on the board for September shipment at $03.50. an advance of 50 cents over the previous day's bid. Oats bids ranged from 11.50 lower to 2 higher and barley bids from 50 cents lower to $1.50 higher. Weather conditions In the middlewest, as wired from Chicago:. 'Chicago, cloudy and warm. Terre Haute, cloudy, sultry. Burlington, clear, warm. Des Moines, part cloudy. 75. Omaha, heavy rain last night, 71. Wichita, rain, 78. Kansas City, rain. 7S. St. Louis, cloudy, 72. Little Rock. clear. 73. Joplln, clear, 72. Frost In Begina, Canada." The Argentine Wheat visible Is 1,850,- 000 bushels against 2. 760,000 bushels last week. Corn. 8,000.000 bushels against 6. 400,000 bushels last week. Argentine shipments this week were: Wheat, 1,196, 0(10 bushels; porn, 2,300,000 bushels; oats, 40S.0OO bushels. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat. Barley. Flour.Oats. Hay Portland Friday Year ago . . . . Season to date. Year ago Tacoma Thurs.,. Year ago Season to date. Year ago Seattle Thiirs... . Year ago Season to date. Year ago 100 14 .1027 , i2S 12 , SO . 3r6 . 413 . 19 . t.-.B . 277 2 17 SO "s 11 35 T 36 59 1 5 117 139 53 63 2.31 2.30 2.30 . 2.32 . 2.28 Aug. .50.00 .45.00 .49.00 31 2.30 2.30 2.32 2.28 Sept. 4S.O0 40.00 4N.00 47.00 63.50 40.25 63.50 Nov. $2.32 2.31 2.30 2.30 2.32 2.28 Oct. 4M.00 46.00 4S.00 47.00 63.50 41.00 62.50 STOCK GAINS INCREASED WALL STREET TRANSACTIONS ARE LARGEST OF WEEK. GERMANY BUYS WHEAT PURCHASE OF 200,000 BUSH ELS AT GULF REPORTED. Broader Group of Securities Is Traded In Money Rates Are Easier Bonds Irregular. 4 76 8 42 J 82 2S1 iii 94 150 8 9 198 193 MOST YAKIMA CROPS ARE GOOD Alfalfa Yield la Heavy and Apples Are of Better Quality and Size. The prospects generally throughout the Taklma valley are for a very prosperous year, according to report received by W. 15. Skinner, traffic manager of the Spo kane, Portland & Seattle railway, from G. P. Dinwoodie, traveling freight agent of that line in the Yakima valley terri tory, which includes Grandview. Sunnyside, Toppenih. Grangr, Zilla, Donald and Wapato, Wash. Crops, with the exception of peaches and berries, are in very good condition In that section. The principal crops are alfalfa and timothy hay, apples, peaches and enough grain for stock feed. The second crop of alfalfa has just been taken off and slacked and preparations being made for the third crop. The second crop averaged three tons per acre and buyers are offering $18 to $23 per ton baled, with very little being sold, fanners claiming that they cannot make any money in selling at loss than $23 per ton, on ac count of high cost of irrigation, baling and labor. The apple crop, while not so good as In former years as to quality, is going to be of much' better quality and size and will bring a higher price on the market. The berry crop, which consists mostly of loganberries and grapes, is not very heavy, owing to "the past winter freezing the vines. The peach crop will be very light. The cantaloupe and melon crops are very good but are not finding a ready market, although the quality is the best. FRANCE REQIIRES LITTLE WHEAT Harvest Will Trohably Reach Expectations. KngHbh AY beat Satisfactory. Foreign crop conditions in the main are good, -according to Broomhall's weekly cable summary, which says: United Kingdom Harvest progressing slowly, being delayed by rain. Samples of new wheat are satisfactory, but some of the new oats show depreciation from the heavy rains. France Harvest practically completed. Harvest of wheat will probably reach ex pectations; import requirements this year light. Germany Harvest Is earlier than usual, condition of crops over average. Farmers have sown a large acreage and put a lot of work In, so a good yield is expected. Netherlands Weather favorable for har vesting, which Is progressing satisfactorily. Australia Further beneficial rains have bten experienced, so that the land is in excellent condition and the crops promise to turn out in good shape, there being good moisture for the roots. India Agricultural conditions generally helpful, although the rainfalls at seeding time have been rather light. Argentina Weather continues fine In most parts of the country. A fairly large acreage planted to w heat and the rainfall, although not abundant, has been ample ior tne sowing of the crops. PRINT BITTER MAY RAISE MONDAY liggs Scarce and Firm, Although Demand Is Not Active. Tli. hntfa, n,..l,.t l. . ...... , .ry nrm and an ... inrni prices on .Monday would occasion no surprise. Top grade stock is nam to, get nold ot and the demand is good. nut lor tne bearish views of Seat tle dealers, who claim they can bring in eastern butter, the local market would prooaDiy nave moved up this week Eggs were firm because of the extremely mail receipts, although the demand was none too keen. Buying and selling prices were not changed. The car of fresh Ne braska eggs recently brought In has been closely cleaned up. Negotiations are under way for the purchase of additional east ern cars. Receipts of poultry and dressed meats were light and prices were unchanged. . CANTAIX)IPE MARKET IS' FIRMER California Shippers Diverting Cars, Owing to Recent Low Prices Here. There whs a firmer feeling in the canta loupe market. The low prices that have lately prevailed here have not satisfied California shippers and they are diverting their supplies to other markets. Stocks on the street are cleaning up and some dealers have advanced their prices. A car. each of i&lberta and Lovell peaches No. 2 white oats... ..o. 2 gray oats.... Brewing barley . . . Standard feed barley .. 49.00 No. 3 yellow corn 64.00 Mlllrun Svio No. 3 east, yellow corn. .64.50 FLOUR Family patents. $12.95; bakers' hard wheat, $12.95; tfest bakers' patents. $12.95; valley, $11.20; graham, $10.80; whole wheat, $!l.u.. MILLFEKD Prices t. o. b. mill: Mill run. $59 per ton: rolled barley. $tll!&64; rolled oats, $G4&U5; scratch feed, S4tfS5 per ton. CORN Whole. $7273; cracked. $7576 per ton. HAY' Buying prlcei f. o. b. Portland: Alfalfa, $24&25; cheat. $19; clover, $20; valley timothy, new, $2728. Dairy and Country Produce. BUTTER Cubes, extras. B4H55c lb. ; prints, parchment wrappers, in box lots, 59c par pound: cartons, 60c: half boxes, c more; less than half boxes, lc more; hutterfat. No. 1, 58c per pound at stations, Portland delivery, 62c. EGGS Buying price, loss off. 50c; Job bing prices to retailers: Candled, 54c; selects, 5Kc. CHEESE Tillamook, f. o. b. Tillamook: Triplets. 29c; Young Americas, 30c. POULTRY" Hens. 17&27c; springs. . 29 8 30c; ducks. 25&33c; geese, nominal; tur keys, nominal. PORK Fancy, 25c p v pound. VEAL, Fancy, 23c per pound. , Fruits and Vegetables.' FRUITS Oranges. $5.75f7.50; lemons, S4.50&5.50 per box; grapefruit. $36 per box; bananas, per pound; apples, new, $1.50Ji4.25 per box; cantaloupes, 75cS $2 2-T per crate; watermelons. 2Vfe-3c per pound: peaches, $1.S5&2.25 per box: plums, $1.75(!2.25 per box; casabas. 5c per pound; grapes, $3.503.75 per crate; pears, fitf 4.75 per box; blackberries. $3.25. VEGETABLES Cabbage. 243c per pound; lettuce. $1. 502.50 per crate; cu cumbers, 73$i00c per dozen; carrots. $3 3.50 per sack; horseradish, 25c per pound; garlic, 30c; tomatoes. $1(&1.25 per box; peas, 7 10c per pound; beans. 5 fa 8c per pound; beets, $3.50 per sack; turnips, $3.50 per sacK; eggplant. l.c per pouna; green corn. 3(&40c per dozen. POTATOES New white. 3 '.4 5? 3 '4 c per pound; sweet potatoes, 15(&17Vc per pound. ONIONS Yellow. $1.5001.75 per sack. Staple Groceries. Local jobbing quotations: SUGAR Sack basis: Cane, granulated, 21 H c per pound. HONEY' New, $77.50 per case. NUTS Walnuts, 223Rc: Brazil, nuts. 35c; filberts. 3o(&33c; almonds, 35c; pea nuts. 14&15c; cocoanuts, $1.75 per dozen. RICE Blue Rose, 14c per pound. BEANS Small white, 7c; large white. 7c; pink. 8!4c; lima. 12c per pound: bayous, llc. Mexican reds, lOVic per pound. COFFEE-Roasted in drums, 3050c. Provisions. Local jobbing quotations: HAMS All sizes. 42i&.40c; skinned, 41 46c; picnics. 2oc; cottage roll, 3oc. LAKD Tierce basis, 23c; shortening, 20c per pound. DRY SALT Short, clear backs. 2527c per pound; plates, 21c. BACON Fancy. 465Sc; standard, 32 42c per pound. Hides and Pelts. HIDES Salt hides, all weights. 1113c per pound; green hides, all weights, 9c; green or salt calf, under 15 pounds, 20 22c; green or salt kid. 15 to 30 pounds, 12i!13c: salt bulls. 9c: green bulls. 7c: dry hides. 20c; dry salt hides. 15c; dry calf, under 7 pounds. 25c; salt horse hides, large. $4 each; medium, $3; small, $2. PELTS Dry fine long-wool pelts. 15c per pound; dry medium long-wool pelts, 12c; dry coarse long-wool pelts, 19c; salt long-wool pelts. $2 to $3 each; salt lamb pelis. 50c to 75c; salt shearlings, 25c to 50c; salt clippers, 15c to 25c. Wool, Cascara, Etc. MOHAIR Long staple, 23c; short staple, 15c per pound. TALLOW No. 1. 7c per pound; No. 2. 5c per pound. CASCARA BARK Per pound, gross weights, old peel, 12c; new peel, 10c per pound. , WOOL Valley, medium, 35c per pound; valley coarse, quarter blood. 2lc; coarse low and braid.. 15c; coarse matted, 12c. HOPS Nominal. GRAIN BAGS Car lots: Spot, U4j-Ui Oils. LINSEED OIL Raw, barrels, $1.69 raw, drums. $1.76: raw, cases, $1.84; boiled, barrels. $1.71; boiled drums, $1.78; boiled, cases. $1.86. TURPENTINE Tanks, $1.06; cases. COAL OIL Iron barrels, 15c; tank wagons. 2.H4c; cases. 28c. GASOLINE Iron barrels. 29 c; casee, FUEL OIL Bulk, $2.10 per barrel. NEW YORK. Aug. 20. The stock mar ket made further progress toward recov ery today, yesterday's rebound zrom low levels of the early days of the week be ing very substantially enhanced on a pro nounced expansion of business. Not only were the day's transactions the largest of the week, but they encom passed a more diversified group of stocks. Including investment raits as well as many speculative specialties recently subjected to severe pressure. Local banks manifested a more liberal attitude regarding time loans, though holding to long prevailing rales, and call money was loaned over the week-end at 7 er cent. Steels, equipments and oils were the most active stocks, followed by motors and their subsidiaries, rails and shippings. Su gars recovered part of their loss and to baccos, leather and paper Issues featured the specialties, metals also hardening. Sales, 325,000 shares. Theb ond market failed to Veep pace with stocks, either as to the tone or ac tivity, althoigh liberty issues, excepting the 8s, were mostly higher. Among for eign bonds United Kingdom and Belgian issues eaxed slightly with Anglo-French 5s, while Paris 6s made a fractional gain. Total sales, par value, $7,475,000. Old United States bonds were unchanged on call. some of the New England worsted mills have been closed this weelc for an indef inite period." The Commercial Bulletin tomorrow will publish wool prices as follows, with the statement that quotations are more or less nominal. Scoured basis: Texas Fine 12 months, $1.52g1.60. California Northern, $1.55 1. HO; middle county. $1.50: southern, $1.25 1.30. Oresrnn RAjstern Nn 1 fftsmle. $1,600 Territory Fine staple. $1.65: half-blood I Britisn Commission and France combing. $1.40 91.45: three-eighths blood combing, 90395c; one-fourth blood comb ing, 7T.a75c: fine clothing. 1.40i.!u; fine medium clothing. $1.251.30. Pulled: Delaine. $1.60; A A, $1.351.45; A supers. $1.051.10. Mohair Best combing. 40 50c; best carding, 38 40c. San Francisco Produce Receipts. SAN FRANCISCO. Aug. 20. Receipts-- Fleur. 560 quarters; wheat, 15 centals.; barley, 3236 centals: oats. 1339 centals; beans, 2165 sacks; potatoes, 1775 sacks; I showed onions, 4a sacks; hay, 413 tons; orangea, 2000 boxes; livestock, 1110 head. CLOSING STOCK QUOTATIONS Sales. Am Beet Sug. 1,300 Am Can 4.100 Am Car & Fdy 4,000 Am H & L pfd 1,000 Am Int Corp.. 3.6O0 Am Loco 3,100 Am Sm & Rfg 7(0 Am Sugar . . . 1.4fo Am Sum Tob. 1,300 Am Tel & Tel. ,-,00 Am Woolen . . 3.40O Am Z L & S. . loo Anaconda Cop 400 Atchison 9(io A G & W I. . . 1.B00 Baldwin Loco 23.700 Bait & Ohio.. 20.500 Beth Steel B 13.9(10 B & Sup Cop.. 300 Calif Petrol.. 300 Canad Pacific 1.300 Central Leath Chandler Mot. Ches & Ohio.. Chi M 4 St P Chi & Northw Chi R I & P.. Chlno Copper. Col Fu & Iron Corn Products Crucible Steel. Cub Cane Sug Erie . ; Gen Electric. . Gen Motors. . . Gt North Jfd. Gt N Ore ctfs Illinois Cent. . Inspi Copper.. Int M M pfd. Int Nickel ... Int Paper .... Kan City So . . Kennecott Coo Mex Petrol . . . 14.SO0 Mid States Oil 5.100 Midvale Steel. M Iss Pacific. . Nevada Cop.. N Y Central.. N Y N H & H Norf West North Pacific. Ok Prd & Rfg H-Am Petrol.. ::".mi Pennsylvania. 2,100 P & w Va 100 Ray Con Cop. 400 Reading 10.1O0 Rep I & Steel R.700 R Dutch N Y. S.lOO Shell X T. . 6(10 Sin Oil & Rfg IO.OOO South Pacific. 4.400 South Rv ... 3.000 S O of N J pfd soo Stude Corp .. 10.500 Texas Co .... 1S.4UO Texas A Pac. 4.400 Tob Products. 2.700 Transcon Oil.. 1.5(0 Union Pacific. 2.000 V S Food Prd 1.4O0 I! S Ind Alco 3. inn U S Rtl Stores .:mn II S Rubber... 4.6CO U S Steel. . . . 30.2OO 3.5K0 4,400 1.100 2.1O0 400 5.100 400 100 2.3O0 6.5110 3,3M) 600 100 8,000 1,6(10 600 1,100 100 i.eoo 4,700 2.400 1,200 1.700 2.S00 l.soo 700 1 OOO 41.200 9110 2,100 500 U S Steel pfd Utah Copper.. West Electric Willys-Ovid .. 200 200 2.400 1,500 High. 74 34 M 134 74 931 55 114 84 90 7 9 "4 12 52 81 137 106 3S 75 19 26 119 53 87 57 34 70 34 25 35 89 137 37 12 141 "2 72 31 86 46 74 20 79 18 24 100 39 2.1 10 72 33 91 73 3 80 4 40 27 14 90 S3 81 49 27 92 27 K- 63 47 35 63 10 117 59 84 67 86 SS 1(6 61 47 '4 16 Low. . 72 33 133 72 70 94 53 114 83 1 7S 12 51 81 133 105 1, 35 74 19 26 119 54 85 58 33 69 34 - 25 3.1 SS 13.1 36 12 141 21 72 30 85 46 72 19 78 IS 23 1.16 Last ' Sale. 73 34 134 74 71 93 55 113 84 96 78 12 52 81 130 10.1 37 74 19 26 119 55 87 57 33 09 34 2.1 3.1 88 135 36 12 141 ai 72 31 8.1 46 73 19 79 18 23 1.18 11 12 39 2.1 10 71 , 33 90 73 3 83 40 27 14 87 81 81 49 25 91 26 105 62 40 34 61 10 117 58 83 .66 84 87 3 06 61 47 16 Are Still Out of Market; Early Loss at Chicago Regained. CHICAGO, Aug. 20. Further breaks were m evidence In all grains today be cause of liquidation In corn. At the fin ish wheat for December delivery was un changed from yesterday's finish at $2.37, while March was off c at $2.38. Corn net gain of 44c. white oats were up & c. There was a decline in pork ot 20 cents and a loss ot 15 17c In lard, whUe ribs were a shade to 12 c higher. , Buying by stronr commission houses caught the wheat market after It had broken 3 cents at the start and prices were carried back to about yesterday's finish, the market easing off, closing firm. France and the British commission were still out of the market, but Germany took uu.uou tmsnels at the gulf. Overconfidence on the part of the bears led to their undoing in the corn trade. Oats showed stubborn resistance to sell ing pressure from the start. Provisions declined after an early bulge and the average of prices was lower. The Chicago market letter received yes terday by Overbeck St Cooke company of rortianc said: V, heat December sold lower early on accumulation of hedge selling orders over night, but recovered the loss at the close of the market. Developments of the day were unimportant and the volume of trade was small. Cash prices were 2c to 2c lower and spot premiums on a bisis of about 19 cents over December- for No. 1 grades. The news emanating from ex- Lamb Trad Fairly Activ With Pr circles was not suggestive of an lm Metal Market. NEW YORK. Aug. 20. Copper. Iron, antimony, lead and zinc unchanged. Tin, weak; spot and nearby, 47.2oc; fu tures, 47.0OC. New York Sugar Market. NEW YORK, Aug. 20. Raw sugar quiet: centrifugal, 12.04c; refined, dull; fine granulated, unchanged. Cotton Market. NEW YORK, Aug. 20. Spot cotton, quiet; middling. 33.50c. ALL LINES ARE STEADY 10 LOADS OF STOCK RECEIVED AT NORTH PORTLAND. had to climb a. barbed wire len.ee to safety. ODDFELLOWS ARE SUED Two Ask $20,000 for Alleged Dam age to Reputation. SALEM. Or., Aug. 20. (Special.) Green Mountain lodge No. 119, Odd fellows, today was made defendant in a suit in the Marion county cir cuit court in which Oerald Wolfe and Wilbur Smith seek to recover $20,000 for alleged damages to their reputations. The suit is the outgrowth of an Laction brought recently by the lodge to obtain an order restraining Wolfe and Smith from entering the dance hall owned by the lodge. The lodge charged that Wolfe and Smith had entered the hall while Intoxicated, with the result that some of the dancers left the premises. Wolfe and Smith, in their suit, deny that they were intoxicated when they entered the dance hall, and allege they were ejected without cause or provocation. PRICE 92.65 TO YIELD Bulk of Sales at $8.7 5; Hog Business Light. porting France out of the market and similar advices came from the United Kingdom. We believe the holding attitude on the pare of farmers in certain sections of the belt will be of short duration if it is -shown that -the foreign demand is not going to be as a-ggrersive as anticipated. Corn Heavy liquidation in September was the feature of the early trading and ex-tensive short covering In the same month 10 71 33 90 1A 3 40 27 14 89 81 81 49 26 -92 27 105 62 46 34 63 10 117 58 84 07 8.1 87 100 61 47-4 10 Wt. Priee.l Wt. Price. 26 steers. 807 $ 6.33 2 hogs 205 15. OO 1 steer.. 910 7.2.1 17 hogs. . ... 198 16.00 23 steers. 1015 6.65 2 hogs.... 185 17. OO 4 steers. 977 8.00 1 hog 210 li.OO lcow... 650 3.00 10 hogs. ... 187 $17.00 lcow... 740 5.50 4 hogs . 175 16.75 lcow... 960 3.50 1 hog 120 14.50 lcow... 890 7.50 5 hogs,... 182 16.75 Scows.. 845 5.50 1 hog. 150 17.00 24 cows. . 1045 6.75 6 hogs' 160 17.00 lcow... 990 7.60 3 hogs 133 16.00 lcow... 1060 6.00 1 hog 220 17.00 lcow... 980 4.50 2 hogs 170 17.00 lcow... 1210 6.75 8 hogs.... 131 16.50 5 cows.. 111M 6.00 9 hogs 143 16.00 1 calf . .. 160 14.00 1 hog 220 16.50 lbull... 1200 5.00 1 hog 200 16.75 1 bull... 120O 4.50 4 hogs 145 10.50 lhog... 3o 14.00120 hogs. . .. 110 14.25 6 hogs. . 203 16.001 2 hogs 260 14.00 2 hogs.. 275 14.00 3 hogs 183 14.00 lhog... 290 15.001 7 hogs 2117 16.75 5hogs.. 206 17.001 lhog 140 15.00 lhog... 390 15.O0I33 lambs. .. 69 6.00 5 hogs.. 210 17.00131 lambs. .. 98 8.00 4 hogs.. 11)0 16.0O! 10 lambs. .. 71 6.50 lhog.:. 820 15.001 15 lambs. .. 66 6.50 2 hogs.. 2.15 16.50140 lambs. .. 63 6.50 6 hogs.. 2.12 15.0Oi40 lambs. .. TO 8.75 4 hogs.. 210 16.501 1 lamb.... 110 8.00 lhog... 390 15.00118 lambs. .. 77 8.00 2 hogs.. 225 17.0l;i36 lambs.. 62 7.60 43 hogs.. 200 17.00118 wetifers. 155 4.00 16 hogs. . 271 15.O0I Official quotations at the Portland $75,000 CITY OF NORTH VANCOUVER (Province of British Columbia) 6 GOLD NOTES EXEMPT FROM ALIj DOMIJflOlW GOVERNMENT TAXATION. Dated Jane 15. 1920. Dae June IS, 1023. DENOMINATION $500 Price 92.65 to Yield 9 Principal and semi-annual Interest June 15th and December 15th. Payable in gold coin of the United States at the agency of the Roval Bank of Canada in New York. City or at the offices of Morris Brothers, Inc. BONDS. U S Lib 81b. ..RO.fmi Anglo-Fr 5s ... 9ft do 1st 4a. .84.341 A T & T cv 6s. 74 do 2r1 4s . .. .R4.20I Atch gen 4s . . . 73 do 1st, 4Ub..M.7;D & R O con 4s.:i do 2d 4 UP- 8145: NYC deb 6s. . no ou t-i7,;-1' 1 do 4th 44-..ftt.'4!N P 3s Victorv . ..95.6)1! Pac T & T 5s. do 4is 9,V.rs:Pa con 4s... U S 2s reg. . . .1fMt;ViS P cv 5s do coupon. .MoniSo Ry 5s U S 4s reg....lor U P 4s do coupon ..105 U S Steel 5s.. Pan 3s res 77 do coupon . ..77 Btd. S9 741 53 81 82 80 There were no new features to the trad ing at the stockyards yesterday. Ten loads were received and they sold at steady prices. There was a fair amount ox busi ness in the lamb division, with the bulk I stood out conspicue-usiy during the latter of sales at $8.75. The best hogs offered I part of the session. The late advance went at $17. A quantity of horned cattle I simply emphasized an oversold condition were on the market, for which buyers I as there was nothing constructive In the offered a lower price than for dehorned generaJ -news - aside from firmness In the stock. I cash market reflecting Inadequate receipts. Receipts were 65 cattle. 1 calf, 541 hogs I The weather map this morning was high- and 353 sheep. The day a sales were as 1 y xavorabie. showing rains where needed follows: 1 in practicauy ail sections or Missouri, Kan sas, jsebraska and Iowa, and some light showers In. IUinoi. Oversold pit condi tions. uch as experienced tod a v. are to 185 17.O0 I be ex Deer ted from time to tim Hut th il'! I cose ot supplies in the country over 'the 1? tA'-rs I Prospective demand, together wkh adverse economic conditions, must eventually pre dominate and for this reason we advocate a post Hon on the selling side of tre market during strong periods Oats After an easy start In sympathy with other grains, this market developed independent strength, accompanied by buying on the part of leading eastern in terests. Shipping sales totaled 140,000 busmen, of which 100,000 went to export ers. Cash premiums were firmly main tained. The appearance o an active ex port demand would very quickly change the trend of this market, but we would prefer to await more definite indications of such before takln-g a position on the buying side. Provisions Irregular. lard receiving some support from local packers early in the day, while scattered selling at the ad vance found support Wght. Hogs indicated for tomorrow 18,000. Leading futures ranged as follows Union stockyards were as follows : Cattle Price. Choice erass steers S .5niffl0.( Good to choice steers Medium to good steers Fair to good steers Common to fair steers Choice cows and heifers Good to choice cos, heifers.. Medium 10 good cows, heifers. Fair to medium cows, hellers. Ccnners Bulls . . . Choice dairy calves Prime light calves Medium light c&Wes ..,.... Heavy calves Best feeders ,. . . . Fair to good feeders Hogs Prime mixed Medium mixed Smooth heavy Hough heavy fc Vies Sheept Prime lambs Cull lambs Ewes Yearlings Wethers FAIR SECRETARY NAMED Gordon C. Brown Takes Position i Resigned by Professor Wright. HOOD RIVER. Or.. Aug. 20. (Spe cial.) Gordon G. Brown, horticultur ist of the Hood River experiment sta tion, has been elected secretary of the Hood River county fair board, suc ceeding R. V. Wright, teacher of the agricultural department of the local high school, .who has resigned his position and who will leave soon for Berkeley, Cal., where he will take charge of extension work in farm management. Mr. Brown has been actively engaged as a fair booster for the past two years. The local school board announces thax no successor has been secured to replace Professor Wright and it is likely that the work xt vocational agriculture may be dropped the com ing year. FIXAKCIAL STATEMENT, Assessed value for taxation 1919 Exemptions not included above General debenture debt BEND CENSUS HELD 6500 Enumerators Say City Is Fastest Growing: Ever Worked In. BEND, Or.. Aug. 20. (Special.) A conservative estimate of the popula tion of Bend and its environs made public today when directory repre sentatives completed their enumera tion, gives a total of 6500, contrasted with the 5415 reported in the govern ment census. In the later enumera tion, a few residents just beyond the city limits are included and also woods worker's in the logging camps, but eliminating thee the actual population of Bend will run approxi mately 6000. it is slid. Enumerators declared that Bend is undoubtedly the fastest growing town they have ever worked in. Oct.. P.nt.nnlnl BAN FRANCISCO PKODt'CE MARKET I Cop Banue I East Buttol Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO. Aug 20. Butter Extra grade. 62c; prime firsts, 60c. Eggs Fresh extras, 07c; dirty No. 1, 52c; extra pullets, 5Hc; uniiersize pul lets. 37c. Cheese Old style California flats fancy. 31c; firsts, 27c; Young America. 37c. Poultry Per pound: California hens large, 3840c; small. 32 35c; White Leghorns, lis 30c; strictly young roosters, 40fti4.-,c; old roosters. 18Jr20c; fryers. 40fo42c; broilers, .SK(fz)40c; ducks, 2rt-g2Sc; pigeons, old, $2,504(1325; squabs, 57060c per pound; Belgian hares, 17021c. Vegetables Beans, 406c; lima. 34c: bell peppers, lug box. 50(Sb65c: Chile. 50 Hoc; tomatoe's, 40065c per box; cucum bers, 75c0$l.OO lug; eggplant. KOHSc lug; peas, 506c; summer squash, 50065c; Italian, 50075c; cream, 73c$1.00; po tatoes, river, 32.7303.uo: Mo. 1 sweets. 60 Sc pound; onionB, yellow and white. 60 7 He pound: onions, yellow and white. $1.."O0 2.OO cental; celery. crate. rruit Mrawnerrtes. 6O075e: raspber ries, 75c0tl.OO; blackberries. ?60S; can- aloupes. standards. 60 & 75c: nnnipi. 50i65c; flats, 3505Oc: bananas. Hawaiian. O0uc; oranges. Valencias. S4.5O06.25: emons. $2.0004.04): xraDefruit. Jaooif 4.25: apples. Gravenstein. $2.50(06 2.75: peaches, small box. $1.0001.50: nlumn $1.2501.75; pears. Bartlett. $2.7503.50; figs. double layer, $2.0002.50; single. $1.0001.25: white. $1.50: graDea. hl.rW $1.5002.25 lug; seedless. $1.2501.75 crate; avocadoes, $o08 dozen; pluma, $1.201.50 Mining Storks at Boston. BOSTON, Aug. 20. Closing quotations Allouez ....... 21 I North Butte . Ariz Com 0 iOId Dom Calu & Ariz 54 lOsceola Calu & Hecla..S!MI lOulncy '4iSup & Boston 33 Vi o2 k 58 Shannon Utah Con . . Winona .... Wolverine . ., Oreene Can 14 21 36 43 2 1 6 so . 1214 2454 box. Frankrin IMe Koyalle . Lake Copper. Mohawk Money, F.xcTiange, Etc. NEW YORK! Aug. 20. Mercantile pa per, unchanged.- Kxchange, nrm: sterling, aemana, $3.60"4; cables, $3.6.1. France, demand, 7.10; cables, 7.12; Belgian francs, demand, 7.61; cables. 7.C3. Uuilders, demand. 32.65; cables, 32.75. L-lre. demand, 4.63; cables, 4.65. .Marks, demand, l.l)7c; cables. 1.98c. Drachmas, 8.65c. , New Vork exchange on Montreal, ,11 per cent discount. Time loans strong, unchanged. Call money steady: high, 7 per cent; low, T per cent: ruling rate, 7 per cent; closing bid, 6 per cent; offered at 7 per cent; last loan, 7 per cent. Bar sliver, domestic, $1.01; foreign, l.oii. Mexican dollars, 76 He. LONDON, Aug. 20. Bar silver. 63 9d per ounce. Money and discount rates un changed. Swift & Co. Stocks. Closing prices of Swift & Co. etocks at Chicago wre reported by Overbeck & Cooke company of Portland as follows: Swift Co IO614 Swift International 31 I.inhv. McNeil & I.ibby 12V National Leather 10 '1 8.500 9.50 7.50 0 I.IIO0 7.50 6.000 7.00 7.25 0 7.50 6.25 0 7.25 5.25 0 6.25 4.25 rf 5.25 5.OO0 6.0O ZTt- 13.OO01R.RO 1 1. SOS 13.00 I U.OO0 11.00 I Sept 7.00 0 W.OO I Uct 6.50(a) 7.0O 5.50 0 6.50 . ' "WHEAT. Pec . $2.35 $2.37 $2.34 $2 87 March.. 2.37 2.38 H 2.36 2.38 Vi CORN. Sept.... 1.40 1.45 1 38 1.44S Dec 1.20 !4 1.22 H 1.19 "4 1.22 Hi OATS. Sept R6-54 .68 4 .66 '4 .674 Dec 67 H .68 V4 .66 T .67 Ti MESS PORK. Sept.... 24.10 24 10 . 23.75 24.00 24.85 24.65 24,80 18.17 18.50 14.77 15.15 No. 2 yel- 16.50017.25 16.00 016.50 13.OO0 1.1.00 10.00 13.00 12.50 w 15.50 8.000 0.00 6 00 0 7.00 2.250 6.00 6.HO0 7.25 6.00 0 6.50 24.90 LARD. 18 25 18.40 18.15 18.80 18.80 18.20 SHORT RIBS. 14.77 14.75 15.25 15.32 15.15 Cah prices were: Wheat No. 2. mixed. $1.64 low, $1.5901.61 V4. Oats No. 2 white. 7172Vic: No white. 68 ',4 j? 70 H c. Rye No. 2. $2.0102.02. Barley $1.0201.14. Timothy seed $8011. Cloverseed $25 0 30. Pork Nominal Lard $18.07. Short ribs $14 0 IS. 25. Coffee Fatures Recover. NEW YORK, Aug. 20.' There wan a sharp recovery in the market for coffee futures today owing to the rather more cheerful view of European conditions. reports of European buying and covering by shorts for over the week-end. First prices were I'S to 5;i points higher and active months sold 88 to 93 points above last night's cloning quotations during the mmaie 01 ine aay. witn uecember touch ing $9.00, compared with $7.9.", the low point of yesterday morning. The buying was encouraged by the rally reported in Santos futures, but the advance there was not fully maintained, while improve ment was reported in spot demand locally and futures closed a few points off from the best. Last prices, however, showed net advances of 77 to 90 points. Septem ber. $8.15; October, JS.40; December. $S.A; January. $9.05; March, $9.34; May, SB.50; juiy. .. in. Spot colfee. nominal; Rio 7s, 8V4 084c; Santos 4s, 14Vt lSc. Naval Stores. SAVANNAH, Ga., Aug. 20. Turpentine, firm, $1.47; sales, 345 barrels: receipts. 509 barrels; shipments, 85 barrels; stock. 10.061 barrels. Rosin Firm;, sales, 1065 barrels; re ceipts, 1444 barrels; shipments, blank; stock, 40,444 barrels. Quote: B, D, E, F, G, H, 1. K, M. N. WG. WW, $13.55. Eastern Dairy Produce. NEW YORK. Aug. 20. Buttel- Steady; creamery higher than extras, and cream ery extras unchanged. Creamery firsts, 51H55ViC. Eggs Firm: unchanged. Cheese Firm; unchanged. Dried Fruit at New York. NEW YORK, Aug. 20. Evaporated apples, lifeless. Prunes, quiet. Peaches, steady. . PRICE Ql'ESTION DOMINANT FACTOR Declines In Commodity Quotations Out number Advances. JTEW TORK, Aug. 20. Dun's Review tomorrow will say: While no single element fully accounts for the continued hesitation in business. It is' even clearer now than recently that the price question remains the dominant factor In the situation. Resistance to market yielding persists in some quarters, but fails to offset the influence of natural economic forces and declines in commod ity quotations this week, as Dun's list demonstrates, again outnumber advances by a considerable margin. Liquidation of goods that could not be moved at pre vious extreme prices Is still a feature in various wholesale and retail channels, the prevailing momentary restrictions hasten ing tne oirerings in some instances, and it is signliicant mat openings ot new lines of merchandise for forward seasons are being made at appreciable reductions from lormer levels. That most buyers have not rushed to operate- at the first sign of price reaction, but have adhered to their policy of limiting commitments as closely as possible, is an indication that further deflation is expected and predic tions of scarcity of supplies to follow, based chiefly on the curtailment of pro duction in some leading industries, are being largely disregarded. Weekly bank clearings were $7,153,539 -609. ' Phone your want ads to The Orego nian. Main 7070, Automatic 56U-Sa. Chicago Livestock Market. CHICAGO, Aug. 20. Cattle receipts 5000. Choice steers strong to 25c hmher. $17.25; others slow; bulk good and choice. $15016.75; best grassers. $13.500 14.50; mostly common and medium grades weak. $9 012.50; good and choice cows, $9,75 0 12.50; earners, $404.75, steady; in-between kinds, $6.nO08.75, very uneven and weak' bulk bologna slow, $507; calves steady, bulk choice vealers, $14.50 015; stockers steady- Hog receipts 18.000. uneven, 15 to 25 cents lower than yesterday's average. Early top, $15.75: bulk light and butchers. $14.90 015.60; bulk packing sows. $14014.25; pigs, 25 to 50 cents lower, bulk desirable kinds, $13.50 014. Sheep receipts 10,000, steady to strong. spots higher; no choice lambs here. Top native, $12; top v.estern, $12.50; deck light fat yearlings. $9.50: best fat ewes. $70 7. -Jo; best leedlng lambs, $l-i.:A. OmaJia Livestock Market. OMAHA. Neb., Aug. 20. Cattle receipts 2000. Beef steers and butcher stock steady to 25 cents lower, quality very common; veals oO cents to $1 lower; Blockers and feeders dull. Hog receipts 5500, uneven, 10 to 25 cents lower.. Bulk medium and light butchers. $14.15 14.40; top. $14.75: strong-weight and packing grades, $18.7o014.15. Sheep receipts 12.000. generally steady on all classos. .Best range .lambs, $11.50 012.10. Kansas City Livestock Market. KANSAS CITY. Mo., Aug. 20. Cattle Receipts 1500; quality, plain; trade slow and uneven in all classes, mostly steady; best Bteers offered at $13.50; best heavy cows, $9.75; bulk she-stock, $6.00 0 8.00; canners, mostly $4,000 4.. o. Sheep Receipts 3000. slow: fat classes! steady; most fat ewes, $6.0006.25; top. $6.50; Arizona lambs, $11.25; natives, $11.00. Seattle Livestock Market. SEATTLE. Wash., Aug. 20. Hog ceipls 88; market 2.5c lower. Prime. $16.25 016.75; medium to choice. $15.75016.75; rough heavies, $14014.75: pigs, $13014. Cattle receipts none. Prime, $10010.50; medium to choice, $8.5009.50; common to good. $6.5007.50; best cows and heifers. $6. io0i.2u; medium to choice, $5.2o0 6.25: common to good, $4.2505.25; bulla. $506; calvess $7014. Foreign Grain Markets. BUENOS AIRES. Aug. 20. Wheat tasy. corn quiet. LIVERPOOL, Aug. 20. Oats lower. Minneapolis Grain Market. MINNEAPOLIS, Aug. 20. Barley, 89 $l,OS. Flax. NO. 1. $3. 25V4 03,2714. Daluth Linseed Market. DTJLUTH, Aug. 20, Linseed, $3.3103.37. San Francisco Grain and Hay. SAN FRANCISCO, Aug. 20. Grain Wheat. $3.7503.85; barley, $2.30 0 2.60; oats. $2.50 0 2.75; corn, nominal. Hay Fancy wheat, $272; tame oats $24 0 26: wild oats. $1S02O: barley. $180 21; alfalfa, first cutting, $18 0 23; second cutting, $22 0 26. -Seattle Grain Market. SEATTLE. Aug. 20. Wheat Hard white. $2.36; soft white, red winter and northern spring, $2.35; red Walla Walla and Big Ben biuestem hard white, $2.32; white club and hard winter, $2.36. Feed Scratch feed, $87; feed wheat $92; all grain chop. $77; oats, $75; sprouting oats. $78; rolled oats, $79; whole corn, $81; cracked corn, $80; rolled bar ley. $70; clipped barley, $10. Hay Alfalfa, $82 per ton; double com pressed alfalfa, $36; double compressed timothy, $42; eastern Washington mixed, $36. Boll Chases Women Hikers. EUGENE, Or.. Aug. 20. (Special.) Mrs. Margaret Wallace and daughters Miss Hazelle and Miss Dorothy Wal lace, who are hiking from Seattle to Los Angeles via the Pacific highway, arrived here yesterday and left soon afterward, expecting to walk unti night overtook them. They had little adventure near Albany last Sun day when a hull chased them and they Montana Gets Oregon "Birds. SALEM, Or., Aug. 20. (Special.) Between 300 and 400 spring pheasants will be shipped to Montana from the Benson pheasant farms at Silverton, according to C. A. Benson, who passed through here today enroute to Port land. He says there is a great de niand for the birds in all parts of the United States. 9,837.687.74 3,744,636.00 2,924,424.00 Less sinking fund 433, 248. BS Waterworks debentures. 601.000.00) Ferry debentures 153.000.00 Local improvement debt 935,525.00 2.122.7T3.5S (Rate payers' share.) Net debenture debt 111. 650.42 Value ot municipality's assets... 4,331,446.00 The City of North Vancouver la a suburb of Vancouver. British. Columbia, area 2950 acres, situated across the bay from the latter city. It has a population of approximately 10.500 people, and its securities have always been considered very sate and dirable In vestments. This issue cf bonds Is a direct lien and general tax obligation of the entire city, ail of its taxable property, wealth and resources being pledged to pay interest and principal as they become due. We recommend these bonds as exceptionally desirable, with an unusually high Interest yield. As a matter of fact, it would be difficult to duplicate this opportunity from an Investment stand point. Legality Approved kyR.Ii. Reed. K. C, of Bowser, Reed Jt "Wall bridge, V ancouver, B. C. Telep-aome or TeJegxapki Orders ac Oar Kxpense. MORRIS BROTHERS, Inc. t The Premier Municipal Bond House. Betweea tntahllsfaed Huarter of a Century Telephone- 6th and tk Morris Illdg 30D-11 Stark St. Broadway Streets Capital One Million Dollars. 2151 BILL 'HELD VICIOUS ONE Banker Sees- Bankruptcy In 5 Per Cent Interest Measure. ASTORIA, Or., Aug. 20. (Special.) "If you want to bankrupt this state and throw 90 per cent of the workmen out of a job, vote for the proposed 5 per cenjt interest rate bill," declared Robert E. Smith, president of the Title & Trust company of Portland, who addressed a meeting of business men this afternoon. Seventy per cent of the money which is loaned in Ore gon comes from outside the state, he said, and if this freak law should pass it would be withdrawn. He declared that even local banks would not lend money at 5 per cent, as they can buy United States certificates of indebted ness to net them 6 per cent or east ern commercial paper which will net them 8 per cent. Mr. Smith urged the business men to make a concerted effort to defeat the bill at the forthcoming election. WEDDING IN LION'S DEN Show Musician Marries Aberdeen Girl XTnder Big Top. ABERDEEN. Wash., Aug. 20. (Spe cial.) Miss Josephine Trosk of Aber deen was last night married to W. Carter, a member of a show band, th ceremony being performed in thi lions' den In the main show of th aggregation. The ceremony was performed by William Baumert, Justice of the peace. Read the Oregonlan classified ads. DAILY METEOROLOGICAL REPORT. PORTLAND, Aug. 20. Maximum tem perature. 91.2 degrees; minimum, 60. de grees. Riven- reading at 8 A. M., 5.9 feet: change in the last 24 hours. 0.4-foot fall. Total rainfall (5 P. M. to 5 P. M l, none; total rainfall since September -1 , 1919. 35.51 inches; normal rainfall since September 1, 44.82 inches; deficiency of rainfall since September 1, 1919, 9:31 inches. Sunrise, 5:17 A. M.; sunset, 7:12 P. M. ; total sun shine. 13 hours and 55 minutes; possible sunshine. 13 hours and 55 minutes. Moon- rise. 6:33 A. M : moonset, 9:36 P. M. Ba rometer (reduced- to sea level), 5 P. M., 29.88 inches. Relative humidity: 5 A. M., 71 per cent; noon,' 32 per cent; 5 P. M., 25 per cent. THE WEATHER. Mr, STATIONS. Wind Weather. Baker Boise Boston Calgary Chicago Denver Des Moines -I Eureka Galveston . .. Helena Juneaut Kansas City. Los Angeles. Marshfield .. Med ford Minneapolis New Orleans New "York North Head. Phoenix . . . Pocatello . Portland Rose-burg .. Sacramento St. Louis . Salt Lake . San Diego San Fran. . Seattle Sltkat Spokane . . Tacoma . . . Tatoof-h .. Vatdezt . . . Walla Walla Washington Winnipeg Yakima . . . 4 8210. OOj. .IN W Clear 50 84 0.00;. .W Clear 58 72:0.0o:i2;s Clear 40 78 O.00 . . ;SE Clear 74 8810.001. .8W Cloudy 56 56:0.70 12lN Cloudy 70 7S'U.12!12.N Rain 52 51 0.O0I. .W Oloudv SO 8,S'0.l)(ljl2l'SE Cloudy 46 70 0.00 . . N Clear 5O.5(!0.2cl!. .!s Cloudy 70 84 0.44 1;SW Cloudy B21 "8.0.001. .iSW Clear 481 70 O.OOI. .INWiOlear 481 96 O.00!. .IN W Clear firt 76 0.221 . .IN Rain 76' 8i O.14l.JSW Cloudv 60I 720.00 10 E Cloudy 52 74 O.OK14 N Clear 781 98lO.0O..lW Clear 44i 80IO.OO, . . IN WClear 61 20.u lOINW Clear 52 94 0.O0i..N ICIear 361 86 O.011 12 d ICIear 761 86 0.001.. lis ICIoudy 5S 80 0.00;14N WIClear Clear- 64 74M.OO . . W 561 6,0.00;20:SW gui.n 1111 . . 54;60O.SI)f . . 52 84,0.00 54 SOlO.IMl N W S i-NE N 50 66 O.OOi . .,N Clear Clear Pt. cloudy (Near Clear Clear I 4415011.221. .W IRain .' S8;O.04l: . .iv JIar 64 72 j 1 . 76 . .i.VE Cloudy 46 lOOIO.CHVIO; W T't. Cloudy 5o 88,0.00). .eiW (Clear I BANK. I tA. M. today. P. M. report preceding day. FORECASTS. Portland and vicinity Fair, and warm er: northerly winds. Oregon and Washington Fair and warm er; east portion moderate northerly winds. Idaho Fair and warmer. WOOL TRICES ARE BAKELT STEADY Mills May Be Reopened Generally In Com ing Month. BOSTON, Aug. 20. The Commercial Bulletin tomorrow will say: "With few exceptions, sales of wool dur ing the past week have been of- retail de scription Prices are barely steady on the basis of last week's sales. There is little new with reference to the new domestic clip. 'The manufacturers are generally , en gaged on samples and it is hoped that the mills will be reopened generally by the middle to the last ot September, although THREE HURT IN ACCIDENT Southern Pacific Train Partially Derailed Xear Kagene. EUGENE, Or., Aug. 20. Arthur Dorris of Portland, engineer; G. L. Humphrey, head brakeraan, and Alba Stafford, student brakeman, -of Eu gene, were all injured Wednesday evening when a southern Pacific freight train on which they were working was partially derailed by a landslide about a mile and a half west of Wendson. Dorris was severely bruised about the body. Humphrey, who was riding on top of one of the cars, sustained a leg fracture when the car tipped over and threw him off. Stafford suffered cuts on the arms and chest and bruises. The three men were brought to Eugene for treatment. Baker to Send Delegates. BAKER, Or., Aug. 20. (Special.) The directors of the Baker county chamber of commerce have voted to send a representative to Seattle to attend the irrigation congress to be held September 15 and 16. The di rectors voted also to send a delegate to Portland to attend the western freight increase meeting October 2. i and 4 to protest against the high rates Imposed upon Baker shippers. " $25,000,000 New Issue Our Participation $75,000 IO Year 7 Collateral Trust Bonds NEW YORK CENTRAL R. R. 7 Dated Sept. 1, 1920 Price 100. Yield Bonds are direct credit obligations of the the New York Central and will be spe cifically secured by N. Y. C. Refunding and Improvement 6 Bonds and Reading pre ferred stock to the value of $31,425,000. The New 40 Rate Increase Goes 1 Into Effect September 1 , iunbanoioi 2f UnrJaf" Sarwl5ioc.2hxgon sUjz D.uiWnDGparijriGR- Lumbermens Building !!!' We offer for investment our allotment in $25,000,000 New York Central Railroad 10 Year 7 Collateral Trust Gold Bonds Price: 100 and interest to yield 7 Denominations $500 and $1000 fpHESE bonds are not only a direct obligation of one of the largest railroad systems in the country, but are also secured by strong collateral, having a market value of over 125 of the amount of the bonds pledged with the Guaranty Trust Company, New York, Trustee. On September 1," 1920, the rate increase of 40 granted in accordance with the Transportation Act of 1920 becomes effective. Junior to these bonds there is outstanding 1249,597,355 capital stock, on which divi dends are being paid at the rate of 5 per annum. Complete Information4 on Request. AVe Recommend These Bonds for Investment. Bond Department Ladd & Tilton Bank Oldest in the Northwest fEDERAl RESEHY Washington and Third Streets ii';; t ' " - - - - , i Buy GERMAN CITY BONDS An Investment of $500 Could Return $6000 S Berlin 4 Bond!- 2S.O00 Marks) n or mat worth about $240 IG0C0 n Br!tn 4 Bonds 25,000 Marks) cost approximately to (far about $20 Bn2 roftflible profits $5500 The present decline In all foreign exchange should be taken advan tage of by shrewd investors. All foreign bonds bought or sold for cash or on conservative margin. AVHte for particular. ACT AT ONCE an settlement of Ruastaji-Polana armistice should make Marks advance coOHitlcrably. All forebrn exchange houarht and sold at current rates. HENRI & BERNHARD WOLF & C0 INC. Dealers SAO Madison Ave. Foreign Bonds and Foreign Exchange. w York City. (yfo First Mortgage Bonds The Bonds That Afford ths Greatest Degree of Security. Secured by First Mortgage on Fertile and. Prosperous Farms In Oregon . and Washington. Income Net. Normal Federal Income Tavz Paid. Denominations. $500.00. $1000.00, $2000.00. $5000.00. Maturities, Three to Ten Tears, your Inquiries for further Information -will receive oar prompt attention. Commerce Mortgage Securities Company Phone Main 3067. Ground Floor. Chamber of Commerce Bldg 91 Third Street.