rr
TIIE MORNING OREGONIAN, FRIDAY, SEPTEMBER 3, 1920
O 1
i
r
PRICES OF TEXTILES
ME EASING. OFF
Markets Gradually Settling to
Lower Basis of Values.
DROP IN RAW COTTON
Woolen Mills and Cloth Buyers
Trying to Come to Under
standing' on Quotations.
Textiles are gradually settling on a
Inner price basis In the primary markets.
The recent sharp declines In raw cotton
he ve unsettled cotton goods and cotton
yarn prices stlil move. In the silk trade,
it Is possible to discern the .beginning- of a
reconstruction of business from a low
price level. Woolen manufacturers and
clcth buyers are trying to come to an un
derstanding concerning quotations for
spring openings to be announced later this
month.
Buying continues on a very limited scale
la nearly all primary channels, but Im
provement is noted In the extent of In
quiries, and in the number of small-lot
purchases. Most of the business is of a
fl.ling-in character, and merchandise of
fered from second hands is being picked
up at vwry low prices, compared with those
tliat have prevailed. Evidences of liquida
tion In the selling are quite numerous a&
cording to Dun's Review, but the actual
volume of goods tendered Is not large.
Production Is being curtailed a great
deal. The approaching holiday has been
taken as an opportunity to give operatives
extended vacations, in most cases for
definite periods. Mills are still unable to
reduce costs in keeping with the declines
in price for merchandise, and many have
received cancellations of orders that force
them to use great care, lest they accumu
late high-cost goods in excess of the im
mediate demand.
Foreign trade In textiles la Inactive.
Large Imports that result from past orders
continue, and many goods are being taken
in at prices under current costs here. The
demand for export la very light. and
foreign buyers show much the same earl
of hesitation that It noted at home.
NO rxCBEASE IX WHEAT TRADING
Markets Are Quiet in All Farts of Faclfle
Northwest.
The wheat market continues quiet In all
parts of the northwest. No export demand
1 reported, and current prices are not at
tractive to farmers. Higher bids on all
grades were posted at the merchants' ex
change for September delivery, the ad
vances amounting to 3 cents on white club,
8 cents on soft white. 4 cents on hard
white and red Walla, 6 cents on northern
spring and 7 cents on red winter.
The only changes In coarse grain offers
were a decline of BO cents on October gray
oats and an advance of 25 cents on Sep-
tember shipment corn.
The weather in the middle west was
generally clear and, fine and foggy in the
Wichita. Kan., district. The forecast was
for cloudy and unsettled over the grain
belt. ,
Terminal receipts. In cars, were reported
by the Merchants' Exchange as follows:
Wht. Bly. Fir. Ots. H'y.
i"ornana, wednes.. 78
Tear ago 44
Season to date 2Ron
. Tear ago 1439
Taeoma. Wednes. . 7
Tear ago is
Season to date.... Mo
Tear ago 71U
Seattle, Wednesday 11
Tear ago 3
Season to date..... 40ft
Year ago 615
1 ... 1 6
4 12
24 131 103 210
85 282 187 858
1
1
14 178 13 142
45 ... 42 100
1 .2 ... 10
3 .. ...
60 m 4 873
73 92 104 261
NOT ENOUGH PEACHES FOB TRADE
First Car of Muscat Grapes Is Received.
Cantaloupes Steady.
The supply of peachea was slightly bet
ter yesterday, but nont equal to the de
mand. Among the arrivals was a ship
ment ot laaima uioertas and orange
ellnss which sold at $2.25 a box.
Cantaloupe were steady at $22.25 for
standards. Two cars of Turlocks and three
cars of Yaklmas were received. Water
melons sold well at former prices.
The first car of California Muscat grapes
arrived and they were put on sale at 11c
& pound In lug boxes.
A car of sweet potatoes also came in
from the south.
PRINT-BITTER ADYANCE IN EFFECT
Buyers Not Willing to Pay More for Cubes.
Egg Receipts Small.
There were sales of cube butter yester
day at GO cents, but the demand was not
particularly brisk in spite of the 2 -cent ad
vance in the print-butter market.
Eggs were firm, as receipts were light
and he local demand was good. How
ever, some shading of selling prices was
reported A car of amsu eggs was re
ceived.
Poultry was In moderate supply and
the offerings brought firm prices. TJressred
veal was slightly higher and pork was
unchanged.
Cheaper Sugar la Unloaded.
A shipment of sugar, bought at the re-
. eently reduced refinery prices, was on
loaded yesterday. It will be distributed
te retailers today at 18. 30 cents. Increased
freight rates are responsible for a nickel
being added to the price.
Unseed Oil Declines.
A decline cf 15 cents a gallon in linseed
ell prices was announced. The new case
prices are $1.69 tor raw oil and $1.71 for
boiled oil. ' , -
Bank Clearings.
Sank clearings of the northwestern cities
yesterday were as follows-:
Ctearings. Balances.
Portland $3,618,315 $ 980.431
Seattle 0,753.5iV3 1.S70.14B
Taconia 73:1. 368 S7.6KQ
Spokane -2.136.3i 9 G62.5CS
PORTLAND MARKET QUOTATIONS
Grain, Flour, feed. Etc.
Merchants' Exchange, noon session.
Bid ,
Oct. Nov.
$ 2.35 $ 2.35
2.35 2.35
2.3t 2.35
2.36 2.3,1
2.30 2.35
2.3 2.32
4-8.00
45.00
48.00
47.00
62 0O
42 00
62.50
Wheat (sacked) Sept.
Hard white $ 2.40
Soft white 2.37
White club 2-37
. Hard winter ........ 2.57
Northern spring .... 2.37
Red Wall 2.34
Oats
No. 2 white.... 48.50
No. 2 gray 45.50
Barley
Brewing 49.00
Standard feed. 48.00
Corn ,
No. 3 eastern yellow
shipment . 63.25
Mlllrun 48 25
No. 3 yellow delivery 03.00
FLOUR Family patents, $13.05; baker's
fcard wheat, $12.95: best bakers' patents,
$12.95; valley, $11.20; graham, $10.80;
whole wheat, $11.05. '
MILLFEED Prices f. o. J. mill: Mlll
run. $59 per ton; rolled barley. $61063;
rolled oats, $64; scratch feed, $83S4 per
ton.
CORN Whole. $73; cracked. $76 per
ton.
HAT Buying price, f. o. b. Portland;
Alfalfa, $2324; cheat. $20; clover, $22
valley timothy, new, $2728.
Dairy and Country Produce.
BUTTE R Cubes, extras. 60c per pound;
prints, parchment wrappers. In box lots
60c per pound: cartons. 67c; half boxes He
more; less than half boxes, lc more: but
tcrfut, No. 1, 6364c per pound at sta
tions; 6Sc Portland delivery.
KOG3 Buying price, loss off. 54.-,r,c-jobbing
prices to retailers: Candled. 68c:
selects, 62c.
CHEESK Tillamook, f. o. b. Tillamook";
Triplets, ooc: Young America, Ble. I
ruLLitti-ntos, 22ff2Sc; spriass, 32c;
ducks, 23 33c; geese, nominal; turkeys,
nominal.
PORK Fancy, 23f2.".4c per pound.
VEAL Fancy, 23 4t 23V4 per pound.
Froits and Vegetables.
FRUITS Oranges. $6.7558.50; lemons,
to&o.li per box; grapefruit, $3j8 per
box; bananas, U&12tto per pound; ap
ples, S'J4 per box; cantaloupes. $10
J-.-o per crate; watermelons, Zi&lic per
pound; peaches, $32.30 per box; plums,
$1.50 per 4ox; casabas, 3c per pound;
grapes, S2.S03.5o per crate, 11c per lb.,
J4&4.25 per box; blackberries, $3.2o3.50
per crate: huckleberries, 25c per pound.
VEGETABLES Cabbage, 2W3c per
pound; lettuce. $1.50 Z 2.1! 5 per crate; cu
cumbers. 6575c per dozen: carrots, $2.50
per sack; horseradish, 25c per pound;
garlic. 30c; tomatoes, 75cS1.10 per box;
peas, 710c per pound; beans, 5 8c per
pound; beets, S3. 50 per sack; turnips, $3.50
per sack; eggplant, 10c per pound; green
corn, 253oc per dozen.
POTATOES Oregon, $2.65 3 00 peir 100
pounds; Yakima. $2.78 per 100 pounds;
sweet potatoes, 10lle per pound.
ONIONS Yellow. $1.75 sack; pickling.
11c pound.
Staple Groceries.
Local Jobbing quotations:
SUGAR Sack basis: Cane, granulated,
18.30c per pound.
HONEY New. S7.508 per case.
NUTS Walnuts. 223Sc; Brazil nuts,
35c; filberts, 3035c; almonds, 35c; pea
nuts. 1415c; cocoanuts, $1.75 per dos.
RICE Blue Rose, 14 c per pound.
BEANS Small white. 7V4c; large white.
7c; pink, 84c; lima, 12V4c per pound;
bayous, llc; Mexican reds. 1014c per
pound.
COFFEE Roasted, in drums, 30 50c.
Provisions.
Local jobbing quotations:
HAMS All sizes, 42 at 40c; skinned, 415
46c; picnics, 25c; cottage roll, 35c.
LARD Tierce basis. 23c; shortening,
20c per pound.
DRY SALT Short, clear backs. 25C270
per pound; plates, 21c.
BACON Fancy, 4658c; standard, 320
42c per pound.
- Hides and Pelts.
HIDES Salt hides, all weights, 11c
per pound; green hides, all weights, 9c;
green or salt calf, under 15 pounds. 20c;
green or salt kid. 15 to 30 pounds. 12c;
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, 10c; salt
long-wool pelts. $2 to $3 each; salt lamb
pelts, 50c to 75c; salt .shearlings, 25c to
50c; salt clippers, 15c to 25c.
Wool, Casrara, Etc.
MOHAIR Long staple, 25c per pound:
short staple. 15c per pound.
TALLOW No. 1, 7c par pound; No. 2,
5c per pound.
CASCARA BARK Per pound, gross
weights, old peel. 10c; new peel, 9c per
pouih4.
WOOL All grades nominal.
HOPS New crop, 60 65c per pound.
nominal -
GRAIN BAGS Carlota. 11c. coast.
Oils.
LINSEED OIL Raw. barrels. $1 54:
drums, $1.61; cases, $1.09. Boiled, bar
rels, $1.56; drums, $1.03: cases, $1.7L
TUKPJSNT1NE Tanks. 11.00: cases.
$2.11.
COAL OIL Iron barrels, laiic; tank
wagons. 2r 4 c ; cases, 28c.
GASOLINE Iron barrels. 294e: cases.
36c.
FUEL OIL Bulk, $2.10 per barrel.
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables. Fresh Fruits,
Etc, at Bay City.
SAN FRANCISCO. Sent. 2. Ttntter
Extra grade, 68'a; prime firsts. 66c.
Eggs Fresh extras, 67c; extra firsts,
65c: dirty No.. 1, 55c; extra pullets. UOVzc;
undersized. 42c.
Cheese Flats. old-stvle fancv. 32.4r:
firsts. 26ic; Young Americas. 37c.
Poultry Hens, laree. 4042c: small. 29
SfS2c; White Leghorn. lance. 28fo30c:
small. 233."c: strictly young roosters. 40
Ktwc: oia, 1V(G--C, xryers. broil
ers, ivuic; aucks, ew-sc: pigeons. J3
fj.ou dozen: sauaos. ouubOo pound: Bel
gian nares, lvigc.
vegetables 13eans. 45f7c: lima. 57c
bell peppers, 50665c: chile. DO e 60c: to
matoea, 003375c; cucumbers, 7.c&-$l; egsr-
piant, 7acv$9l.: summer squash, ILff1.3
tallan. 7uc'$1.25: cream. 75cl: pota
toes, street prices, IZ.7a3: sweets. 7 vo
7V4c; celery, $0f( .."; green corn, $1.50
..o; peas, iituijzc.
FruitStrawberries. 60R75c: rasoberries.
85c$l; blackberries, $7fe8; cantaloupes,
stundards, $lft1.25; ponies, 75cflil: flats.
060c: watermelons, $2(fr2.50 dozen: Va
lencia orangeR. $i.50n5.7o: lemons. $24v
$4.25; grapefruit, $84.2A; apples. Graven
steins, $2.253; peaches, $lpl.f0; plums.
l.z.irai.ou: pears, tiartiett. I3GV4: rigs.
double layer, $101.35; white, 5175c;
grapes, oiaca, si.75Qs'-.-tf crate; seedless,
$1.7502.25. '
Receipts: Flour. 300 nuarters: barlev
1397 centals; oats, 10 centals; beans, 1301
sacks; corn, 800 centals; potatoes, 1050
sacks; onions, 16 sacks; hay,- 531 tons
oranges, 1000 boxes; livestock. 200 head.
Coffee Futures Irregular.
NEW YORK, Sept. 2. The market for
coffee futures was lower today under
scattering liquidation. Business was not
active, however, and after an opening
at a decline of 17 to 21 points with De
cembcr selling at 8.27c and March at
8.85c, there were rallies of a few points
on - covering. Reports that there had
been a change in the form in the con
tract in the Santos futures market and
that business, in the old contract would
be limited, to liquidation seemed, to have
rather a confusing effect on sentiment
which may have caused some scattering
liquidation, but this feature was not con
sidered an Influence of any importance
on the general course of values. 'Decern
ber sold up to S.oSc and closed at 8.34c
with the general list clcsing at . net
advance-of 14 to 20 points. September,
7.7c: October, 7.0jc; December, 8.34e;
January. 8.54c: March. 8.93c: May, 9.13c:
July, 9.33c.
Spot coffee, quiet; Rio 7s, S!4c; Santos
43. lilliSc
DAILY METEOROLOGICAL REPORT.
PORTLAND, Sept. 2. 'Maximum tern-
perature, -81.8-degrees-; minimum, 56.6 de
grees. River reading at 8 A. M., 4.7 feet
change in the last 24 hours. 0.5-foot fall.
Total rainfall- 5 P. M. to 5 P. M. . none;
total rainfall eince September 1, 1920. none
normal ralnrall since be-ptemiber 1. .IM Inch
deficiency of rainfall since Septenvber 1
102O. O0 inch. Sunrise. 5:33 A. M.: sun
pet. 6:48 P. M. ; total sunshine. 13 hours
and 15 minutes; possible sunshine, 13 hours
ana id minutes. Aloonrise, 8:44 f. Al.
moonset, 10:10 A. M. Barometer (reduced
te sea level:!, 5 P. M., 30.O3 Inches. Rela
tive humidity: & A. M . 86 per cent
noon, 65 per cent;' 5 P. M., 44 per cent.
. THE WEATHER.
Wind
?3
STATIONS,
Weather,
Baker
Boise
Boston
Calgary ....
Chicago
Denver
Des Moines .
Eureka
Galveston . .,
Helena
Juneaut . . . .
Kiwu City.
Los Angeles
Marsh flelU ..
Medford
82'O.00J. .I;W IClear
SS O.00 . . W Clear
74l0.00 . . VW Clear
T(VO.0O12 N'E Clear
0 . OO
lOtNE
:Clear
OO'O.OO
64l0. 00
N
LPL cloudy
tviouay
Cloudy
50O.OO
.-. NW.
. . NW
. .Lne
88 T
Clear
(Clear
74!0.fK
'52 O.OO
64
800.2
14 E
(Cloudy
CO 84 O.OOL . W
IClear
52 64 0.0O
U'INWjCloudy
12N-WIClear
. . IN E Icioudy
. .ISW iOlear
60 OtVO.OO
Minneapolis.
541 CST
New Orleans
New York . .
North Head.
Phoenix
Pocatello . . .
Portland ...
Roseburg . . .
Sacramento
St. Louis ...
Salt Lake . .
San Diego . .
San Fran. . .
Seattle ......
Sltkat
Spokane ....
Tacoma
Tatoosh . . , .
Valdeat
til 8S,0.34
54 72.O.00;20(N WlCiear
54j 56 O.OO.20,XWeioudy
iyu.w..jv wjlear
40 82IO.OOI..LN Clear
581 82-O.00 . . NWfClear
50 90 O.Ool. .In WtClear
641 OSjO.OOIlO'S IClear
62! 78 0. 00. AXIS Clear
52 82i0.0O. . NiWl'Pt. cloudy
ti .'.T.mr 1 zyw rujear
5-' t8.00,2o.W iClear
58, 720.00,..N Clear
52; '60 0.001. .'.SW hcioudy
48 184,0. 0i. ,(W (Clear
74 O.OO . .
N 'Olfai-
50.40,3S
52,0.001. .
88;0. 7SU2
SW jCloudy'
s'""ciear""
Waila Walla
Washtngtin
Winnipeg
Yakima
72,0. 00! , -J4.0-OO1.
.
kN IClear
E IPt. cloudv
50 90;0.00. .
,tMU rulear
A. M. today. P. M. report preceding day.
FORECASTS.
Portland and vicinity Fair with nearly
stationary temperature; nortnerjy winds.
Oregon and Washington Fair with nea
1 stationary temperature; moderate winds.
mostly, northerly.
Phone vour want ads to The Oresro
; jiian. Main 7070, Automatic 660-85:
ALL MIL ISSUES STRONG
DEMAND EXTENDS TO COALERS,
GRANGERS AND COTTON LINES.
Industrials Also - Improve W'itb
Easier Trend of Money Market.
Bond-"Tradlng Large.
NEW YORK, Sept. 2. Railroad shares
showed continued improvement In the stock
market today, turther accumulation of
those Issues at additional gains of one to
three points far exceeding the trading in
any other part of the list.
Included In today's demand were a num
ber of dormant or obscure "trans-continentals,
grangers, coalers and cotton car
riers that had figured very slightly, it at
all, in the recent sustained movement.
Industrials also improved. Reassuring
advices respecting the Industrial situation
brought renewed strength to the textiles,
coppers and utilities.
Money conditions were an Important fac
tor, the rate for call loans manifesting an
easier trend, despite heavy withdrawals
for federal account. An 8 per cent rate
was quoted at the opening, -with - 7 per
cent at mid-day and 6 per cent in the final
hour.
Profit-taking, prompted In part by the
approaching triple holiday, caused consid
erable reduction of gains In the later deal
ings, an irregular tone prevailing at the
close. Sales, 735.000 .shares.
Moderate reactions in remittances to
London and Paris' accompanied denials
that agreements for payment of the Anglo
French loan had reached a definite stage.
Incidentally, the Bank of England weekly
statement showed a heavy loss of liability
reserves.
Trading in bonds was unusually large.
Liberty issues eased after hardening, but
Anglo-French 5s, Paris 6s and French mu
nicipals scored substantial gains. Total
sales, par value. $10,275,000. Old United
States bonds were unchanged on call.
Last
Sales. High. Low.
Sale.
Am Beet Sugar 200 73 73
73
34
135
74
71
95
59
110
80
97
80
12
54
84 V.
136
14:8
42
76
20
28
121
03
85
60
3-SVi
73
r.8
29
3(1
87
120
35
15
143
21
78
32
88
m far. koo 34 3
m Car & F. . . 600 135V. 134
Am H & L. nfd :MIO 74'. 744
Am Int Corp. . . 2o0 71 i 70
Am Locomotive 1,200 fl 94 Vi
Am smelt & R. 400 GO so
Am Sugar .... 900 1V0VI 110
m sum Too.. 2.IOO so 83
m Tel & Tel. 2.400 9H4 97 i
Am Woolen ... 4.S00 81 79
m Zinc. L & S 900 )2S 1 1 1i
Anaconda Cop. 4,600 54 U 02 V
tcnison 1,800 sr.1 S4 14
tl. Gulf A W I 4O0 130? 135
Baldwin Loco.. 9,000 108 "m 107 Vi
Bait & Ohio.
9.400 43
6.500 77 V4
8.000 20
42
Beth Steel "B'
75
18
245
121
53
85
00
37
73
38
27
36
87
119
34 Vi
15
143
20
76
Jrl
88
45
74
19
79
20
23
102
161
19
11
30
27
10
75
R4
95
78
3
87
41
30
15
92
84
83
M
29
95
28
1M
60
46
37
65
0
123
59
8.3 Vi-
K
85
89
411
84
44
15
utte et S Cop
Cal Pet
4,210 4 28
.7.300 '123
Canadian Pac.
out Leather. .
500
700
53 -i
Chand Motors.
Ches & Ohio. .
85 ii
61
38H
74 H
as1
20 !
31
88
123
35 ',4
16
143 '4
21
70
32 'i
884
47
75
20 H
794
21
25
102
164 i
20
12
39 T4
2Si
31 Vi
76
&-
95
80
4
SS't
42 '.4
SI 54
16
04 VI
85 i
84
51
31
n
29
105
62
4ST4
38
67
11
124
09
84
70
86
9
63
4
48 H
15
00
Chi. M & S P. .14.800
Chi & N W. ... .i.OOO
R I & P 7.800
Chlno Copper. . 1,000
olo t & I. ... 30
Corn Products.. 1,000
Crucible Steel.. 4.1O0
uba Cane Sua 2.200
Erie 13.500
en Electric, .. 100
en Motors . . . 7.700
Great Nor, pfd 8.10O
Gt X Ore Ctfs. 3.0OO
1 Central 4(o
nrplratio7i Cop 3.200
46
73
19
7D
21
23
102
783
20
12
39
28
11
70
34
95
79
3
87
41
30
id
93
84
84
51 Vi
31
nr.
2fl
104
61
' 48
37
67
10
123
."!
83
S
85
89
, 63
84
4
13
nt Mer M, pfd COO
nt icnei .... e.-'oo
nt Paper GOO
K C Southern.. 7.30O
Kennecott Cop. 1,000
ouis & Nash.. 1.400
Mex Pet 4,000
Miami Copper. . IKI0
Mid States Oil. 8.700
Mldvale Steel.. 3.000
Missouri Pac. .lo.ROO
ev Copper.... 2,00
Y Central... B.OOO
N Y, N H & H.17.2O0
Nor & West.... I.ooo
North Pac . 10.4iK
Okla P & R... 1.500
Pan-Am Pet... 6.500
Pennsylvania . . 4.900
Pitts & W Va. 4.800
Ray Con Cop. . . SIX)
Heading 32.400
Rep Iron & S. . 1.900
oy Dutch. N Y l.ROO
Shell T & T. . . P.Ofl
Sinclair O & R.20.3MO
outtl Fac ....14, MOO
outhern Ry. . .28,100
o or n j. pro ooo
tudebaker Cor 9.2O0
exas Co ln.HOO
Tex & Pac 6.3H)
Tobacco Prod . . 2.4O0
Trans Oil 24.700
union Pac .... 6.800
U S Food Prod 500
U S lnd Alco.. OOO
U S Ret Stores .11.500
V S Rubber. . . . 4.000
U S Steel 2.700
tah Copper . . 2.8'to
Western Union' Iffcl
West Electric. 300
Willys-Over 1.2O0
BONDS.
U S Lit 34s...89.94!
A T & T cv 6s.,
Ateh gen 4s...
5H
CO 1st 48.... .K.VIO
do 2d 4s . i. .84.80
do 1st 44s... 85.52
do 2d 4s ... .85.10
in
D & R a con 4s 65 V
NYC deb 6s. .
Bp V4
76 V4
54 Vi
82
B8H
84
81 '.4
OIVs
M P 41
N P 3s
do 3d 44s. . .R8.3-J
do 4th 4 Us
85.301 Pac T & T 5s. .
Victory 3B ..95.40
Pa con 4 'As. .. .
S P cv 5a
So Ry Cs
U P 4s , .
U S Steel Bs. . .
OO 4s 9.1.44
U S 2s reg M01
do coupon ..101
U S 4s res 105
do coupon ..105
Pan 3s reg 77
do coupon . . . 1 7
Anglo-Fr Ss . . . 100
Mining Storks at Boston.
BOSTON, Sept. 2. Closing quotations:
Allouez
.124 I North Butte
IS
Arls Com
. lovi Old Dom
. 56 Qulncy
.280 Superior
. O'i Sup & Boston. .
. 34 iShannon
. 10 Ctah Con
2 Vil Winona
. 27 (Wolverine ....
2 I Greene Can ...
. 59 I
23V4
43 Vi
4
3
1V
Calu & Ariz. . .
Calu & Hecla.
Centennial ...
Cop Range . .
Kast Hutte . .
V4
Franklin
Isle Royalle . .
Lake Copper. .
Mohawk
12
Money Kxchangre, Etc
NEW TORK. 8ept. 2. Prime mercan
tile paper uncnanced.
ttxenanffe irregular. Bterlinar. demand
$3.55; cables, S3..riOr4. Francs, demand.
6. ill; cables, 0.93; Belgian francs, demand,
7.30; cables 7.38; guilders, demand, 31.85;
cables. z lire, demand, . : cables. 4. tie
marks, demand, 2.01 L cables, 2.02; drach
mas, y.
New Tork exchange, on Montreal. 8
per cent discount.
Time loans strong, uncnanced.
Call money, strong. High. 8; low. 6:
ruling rate, 8; closing bid, 6; offered at 7;
last loan, o per cen c.
NEW TORK. Sept. 2. Bar silver, do
mestic, unchanged; foreign 934c.
Mexican dollars 7ic.
LONEVON. Sept. 2. Bar silver. 584 d per
ounce. Money and discount unchanged.
Swift & Co. Stocks. '
Closing; prices of Swift & Co. stocks at
Chicago were reported by Overbeck &
Cooke company of Portland as follows:
Swift Co.
.. .108
Swift International
2H
IS
10
Libby, McNeil ft LJbiby...
national Aeatner
IS
TOPS AGAHf SELIi AT 1 7 CEXTS
AT YARDS.
Eighteen Loads of Stock Are In and
Demand Is Active In All
Departments.
eighteen loads of stock were at the
yards yesterday and there was a good
volume oC business in all departments.
The feature of the day's business was the
Improvement in the hog market, where
prices advanced 152c. with the top
grade, again selling at SIT. Cattle were
taken readily within the prevailing range
of prices and lambs and yearlings sold at
lull- Quotations.
Receipts were "81 eatfle, 62 calves, 293
bogs and 673 sheep.
The day's sales were as follows:
Wgt. Price.) - Wgt. Price.
2 steers. 11 SO 7.50:52 hogs... 187 117.00
teers. ui o. .i a nogs... :M3 J5.50
steers. 967
7..10I 8 nogs... 183 16.30
8.2.-l 2 hogs. . . 104 17.00
8.1'fl! 5 hogs..'. 172 17.00
6.301 1 hog.... 2-J0 16.00
O.OO! 1 hog.... 450 13.00
1 steer.. 1160
14 steers. 1103
2 steers. 8H5
2 steers. 1275
8 steers. 863
7 steers. lrf2'2
2 steers. 9SO
2 steers. 111(0 ,
1 steer. .1000
17 steers. 838
1 steer.. 710
1 steer.. 720
0.OOI21 hogs... 212 17.00
9.0O! 8 hogs... 232 13. OO
8.50I70 bogs... 20D 17 00
9 00:1.5 hogs... 341 1330
7.0'3J lanvbs.. 75 10 00
.6.5l'20 lambs.. 09 7.50
6.2.V16 lambs.. 64 9.A0
D.wll'lfi lambs., DO 9 50
6.7.1I 2 lambs.. 70 10.00
7.2.VS4 lambs.. 72 10.00
5 steers.
13 steers.
970
940
1 steer. .
8 steers.
S50
903
7.00 17 lambs.. 101 10 00!
6.OU 300 lambs. 65 8.50
1 cow... 750 6.001 2 Iambs.. 75 9.00
4 cows.. 820 7.001 1 lamb... 90 1O.0O
2 cows.. 880 6.50'4S ewes... 88 5.00
1 cow... 820 0.001 2 y'rllngs 90 7.50
1 cow 870 4.501 2 wethers 160 5.O0
2 COWS..1S20 6.001 1 buck... 190 4.0O
19 cows.. 1206 7.50I 2 steers.. 930 6.50
1 cow 1OS0 6SO' 1 steer... C30 5.25
1 cow... 9S0 6.00 1 steer... 1100 6.50
2 cows. .1135 9.0OI 1 steer.. .1280" 7.50
6 cows.. 875 . 6.501 4 steers. . 1200 8.0e
2 cows. .1110 5.0t!23 cows... 853 5.2-5
. 1 cow... 1230 5.501 1 cow.... 980 4.00
1 cow... SOO 8.801 2 cows... 915 5.O0
1 cow... 610 3.00! 1 cow 970 4.00
22 cows.. 737 6-OfH 1 bull 1120 6.00
27 cows.. SOO 6.751 1 buH....13O0 6.25
1 cow... 890 . 6.00415 mixed.. 510 5.23
2 cows. . 8SO 6.25 11 mixed.. 129 4.00
1 cow...llrto 5.04JI 2 mixed.. 1300 : 4.00
1 cow. ..1000 4.0O1O lambs.. 115 8.O0
25 cows..ffM0 0.3o:i59 lambs. 77 10.00
2 cows..l440 6.0Oi 2 Iambs.. 75 8.00
1 cow... 560 6.501 7, lanvbs.. 87 10.00
1 bull...ll(iO 0 5O110 lambs.. 66 , 8 t0
1 bull... 580 5.04)1 9 lambs.. 65 7.00
1 bull.. .1440 . 6.0OI17 lambs.. 90 ' 9.00
1 staff. ..12O0 ' 7.25 26 Iambs.. 80 10.00
2 hogs.. 335 15.75! 6 ewes... 101 4.00
4 hogs.. 115 15.0O! 2 y"rllngs 10O 6.50
1 bog... 170 16..VII 2 calves.. 220 10.OO
25 hogs.. 175 17.0O! 4 hogs 197 W.23
11 hogs.. 361 150OI
J
Official Quotations at one Portland
Lnion stockye.rds were as foFlows:
Catt!
Price.
Choice grass steers
Good to -choice steers......
$ 9.Oi)lO.50 I
B,.wc u.iw
Medium to rood steers.......
7,M'( 8.0O
Fair to good steers
Common to fair steers. .......
Choice cows and betters
7.004 7.50
0.OO4J) 7.1M1
7.25 8.O0
.25 7.25
5. 25f '41.23
4 25 4 3.23
Good to choice cows, heifers. .
Medium to good cows, heifers.
Fair to medium cows, heifers.
Canners
2.75 4.29
B.OOSK 6.4JO
Bulls
Ctroice .dairy calves
13.4X1 (a. 10.50
prime light calves-
Medium light caives
11.5013.4)0
11 iiunu.vu
Heavy calves 7.00U 0.00
Best feeders 6.5O40 6.50
j 1 c g
Prime mixed . ...
IB 50017.00
Medium mixed
16.00 4 16.50
Smooth heavy l3 0O415.O0
Rough heavy ...
10.00 f 13.00
12.50ltfl5.00
Pigs
aheap
Prime lambs . . .
SCO'S 10.00
Cu'ii lam-bs .....
O 004 7.00
Ewes ..
Yearlings
Wethers
o'cn 6.00
6.25 7.50
ti.234f 6.75
Chicago Livestock Market.
CHICAGO. 6ept. 2. Cattle Receipts
12.000. good to chotce steers, active, most
ly 25c higher. Top on all weights, $17.75;
bulk choice, $17417. t5: good steers, most
ly 15.ooj-iu. 75; cannere, $404.75, stesuly;
In-between kinds. drseav and uneven:
bologna bulls, $5.50ig6.7'&, steady to strong;
bulk good and choice veal calves, $17
17.50-: selected lots, $17.75; stockers,
draggy.
Hogs Receipts 23,000, mostly 13625c
lower; packing sows off most; early top,
$16.10; bu!4t light and butchers, $15,104
13.90; bulk packing sows, $14u14.2j; pigs,
23c lower.
Sheep Receipts 20,000. western fat and
feeder classes steady; top, western lambs,
$13.70; best lamb feeders, $13.25; good fat
wethers, $7.75; native, unevenly lower;
choice native lamibs, bid, $12.30, bu.lk $12
down; best native ewes,
Omaha, Livestock. Market.
OMAHA. Sept. 2. Hogs Receipts 5000
active, steady to lOc lower, mostly steady.
Bulk of sales. I14.aoia. 14.0O: top.
Cattle Receipts 3000, beetf steers and
fed steers included; stockers and feeders
.,,,
Sheep Receipts 13.000, lambs slow, 15&
25c lower. Top range lambs, $14. 50; sheep
and feeders steady; top feeding iamibs, $13.
Kansas City Livestock Market.
KANSAS CITY. Mo.. Sept. 2. CattK
Receipts 7O0O; beef steers, steady to weak;
top, $10.73; she-stock, steady to -'ac lower;
medium kind, weakening most; canneri,
bulls and feeders, steady; calves, strong:
rood and choice vealers. S1J.D0I314.00.
Sheep Receipts uooo; tat sneep ana
lambs, steady; western ewes, su.u; west
ern lambs, $13.50; natives, $12.25; feed
ing lambs, strong to 25c higher; top, $15.
Seattle Livestock Market.
SEATTLE. Wash.. Sept. 2. Hogs He
ceipts none, steady. I'rime, $ltilT.ao;
medium to choice, (lu; smootn neavies
15wl5.; rough heavies, $14415; vis",
S13tu 14.50.
Cattle Receipts 248, steady. Prime
steers, $1010.fi0; medium to choice, 8 .5
6LV.W. common to gooa, 9o..wao; ueai
cows and heifers, $7.756325; medium to
choice, $0.50(7.50; common to good, $5ii
B 50; bulls, J44IIO-: calves, 7li.
Eastern Dairy Produce.
CHICAGO. Sept. 2. Butter Unchanged.
Kggs Unsettled. Receipts, 8843 cases;
firsts. Glto52c: ordinary firsts, 44aMtc:
at mark, cases Included, 4t)&4!c; storage
packed firsts, oVIeC.
NEW YORK, Sept. 2. Butter Irregu
lar; creamery higher than extras. 07 g
67Vc: extras, otfVfcc; firsts, unchanged,
Ena unsettiea; tresn gatnerea extras.
firsts, 575ic: do. firsts, 54&00C.
Cheese Firm; state whole milk twins
current make specials, :jt8;ic; otnera
unchanged.
Maral Stores.
SAVANNAH. Ga.. Sept. 2. Turpentine,
firm. $1.37l.a7Vi ; sales. 300 barrels; re-
ceipts. 254 barrels; shipments, l&o oar
rels: stock. 9529 barrels.
Rosin Firm: sales. 824 barrels; re
ceipts, 308 barrels; shipments. 668 barrels;
stock. 44.104 barrels. uuote: a, n
D. $11.50; E, F, G, H, I, K. M, N, WO,
WW, $11.65.
Metal Market.
NEW TORK. Sept. 2. Copper, tin and
anttmmiv nnRhR.lffed.
Iron. firm. No. X nortnern, uvi.-; jno.
2. $40&50.
T.nri mhv- Boot. 8.75&-9C.
Zinc, easy. Spot, Kast St. Louis. 7.87
Woe.
Cotton Market.
NEW YORK, Sept. 2. Cotton Spot,
quiet. Middling. 3l.T c.
rrid Kruits at New Tork.
"XT c TAT -VriWV rir Kvannraf irl
apples, dull. Prunpw. easy. Peachea, ateady.
AfATCD CIIDDI Y !M nAIUrtFR
nniUll WWI I Ls I I IV .t-l
Stand pipe at Baker Perforated by
R A TT TT. Tt Or K.rt 2. i Snrwlal. i
The city water supply of Baker has
been endangered . oy perioranons in
the standpipe causing: a leaKagre ol
250 e-zillons a minute. The .holes are
the result of rifle bullets, believed
have- been- fired, deliberately. .
J. ne noies inaicate a neavy cuiiuer
rifle and are grouped closely together.
A reward of tlOO has been offered for
the conviction of those guilty.
Irrigation Project Defeated.
. BAKER, Or., Sept. 2. (Special.)-
According to a repdrt just received la
Baker by. County Clerk Combs, the
Pine valley Irrigation district was de
feated in the vote on its organisa
tion project at the election held in
Halfway. The result or the vote la
reported as 107 against and 52 for.
The official count will be made today.
FACTS NO. 552.
A'
WONDE.RFUL
INCREASE! ,
The type of high
way is yearly be
coming of more im
portance. Use of the
n a t ion's highways
has Increased 500
per cent in the past
ten years and un
told excess charge
Is added to cost of
the country's prod
uce and s u p pi i e s
"'due to bad roads.
This Charge is elim
inated -when roads .
are paved with.
WARRENITE
BITULITHIC
WAimEJT BROS. CO M PA XV
CASCARA BARK
Shin to t and Receive
THE HIGHEST PRICE.
We Want All Yon Have.
Write for Tags and Prices.
Sullivan Hide & Wool Co.
144 Vrnnt St.. Irlnrt. Or.
WHEAT DEMAND ACTIVE
PRICES AT CHICAGO.
Close Snows Gains Exceeding Sli
Cents Light Receipts Also
Bullish Influence.
CHICAGO, Sept. 2. Active demand from
houses with seaboard connections led to
soaring wheat prices today. The close was
nervous, 4 to 6 cents net higher, with
December $2.8 to $2.40 and March $2.87.
In provisions the outcome varied from
$1.23 decline to 23 cents advance.
Aside from Indications of continued good
export demand for wheat, the scantiness
ot receipts here counted as a decided bull
ish influence, and so did the fact that
rural offerings were extremely light at all
I weaiwrn points. umy so cars or. wneat
arrived today in Chicago, an abnormally
small number.
Unfavorable croD reDorts from Iowa and
Illinois did much to make the corn mar
ket harden.
Oats reflected the action of corn.
Pork underwent a severe decline.
The Chicago market letter received ves-
terday by Overbeck. & Cooke company of
rurnaaa saia:
heat The trade waa broad and the
tendency higher all day. responding to a
constructive news budget. There was an
accumulation of hedging selling orders
over night and some further pressure of
mis sort irom time to time during the
day. but in the aggregate the volume
was small and Insufficient to counteract
the influence of export buying. Wheat
has been clearing from the seaboard and
the gulf at an alarming rate and the de-
mand continues without abatement. So
tar tnis season the supply has been
about on an equal plane with the demand,
but the latter is rapidly overtaking the
zormer and resulting in a strong situa
tion. Minneapolis today reported evidence
of a ' broader flour demand than seen
for some time.
Corn The low prices on the crop were
again reached this morning by the de-
ferred months, but failed to bring out
I liquidation and the market turned from
weak to strong with the advance in
wheat rurnishing the motive for con
structive operations. Crop reports madfl
public today were rather mixed, but on
the whole somewhat less favorable than
recently. There Is no use arguing that the
crop this year will not be a large one.
but so much of It Is late that the danger
I f frost damage Is more acute than usual.
I The action ot the market today demon-
strated Quite conclusively that liquid
tion has been thorough and that excessive
short selling has been Indulged In. With
this situation in mind and realising that
the trada is still confronted with many
uncertaintlee, we are Inclined to believe
that prices are around the bottom for
the time being at least.
Oats This market was again neglected
and followed the action of corn In the
bsence of independent lnfl
oats were firm at unchangi
uence. Cash
ged premiums.
although the shipping demand was not
particularly keen.
Provisions Opened with very light
support and scattered selling. Liquida
tion of September pork was the feature.
Supplies in store in Chicago have failed
to diminish in face of the talk of a bet
ter demand and we see nothing in the
outlook to encourage constructive en
deavors.
Leading futures ranged as follows:
WHEAT.
Open. High. Low.
Close.
$2.30
2.37
1.39
Dec. . . .
.$2.33 $2.4014 $2 84,4
March
2.80V4
3.37 Vi 2.S0
CORN.
Sept.
187
1.17
i.4fi;
1.10
1 37
1.10',
Dec.
1.18
OATS.
.V1
Sept.
Dec.
.5Vi
.65 Vs
66
.0CU
.68Vi .66
66 Va
MESS PORK.
..$22.00 $22.50 $21.75
23.50 23.35
LARD.
I Sepfc.
$25.40
23.40
I Oct.
Sept.
Oct. ,
18.62
18.82
SHORT RIBS.
18.15
18.60
18.6:
18.80
Sept 15.00 15.15
Oct 16.67
14.90
15.35
15 15
16.67
Cash prices were:
Wheat No. 2 hard. $2.57 Vi 2,8
Corn No. 2 mixed. $1.46: No. 2 yellow.
ll.47SCl.5l V4.
Oats No. 2 whiter 67 51 70 Vie: No. 3
white. 6V4SKc.
Rye no. B. n.nsHtTl 'JTli.
Barley $ 1. 13 1. 1 7.
Timothy seed $6.507.50.
Clover seed $25 30.
Pork Nominal.
Lard $18.62.
Ribs $14.75915.75. '
Eastern Grain Markets.
MINNEAPOLIS Wheat closed Decem
ber, $2.38St; oats, December. 61 H bid; rye,
September, $1.76; December. $1.60
riax
1 uecemher. S3.u pig. Parley,
85c 1.08.
KANSAS CITT. Corn closed September.
$1.50; December, 11.12V ; May. 1.09?tl
11.10; oats. September, doc; December,
li.V-i: wheat, December, J2.34V.; May
$2.30 tt.
ST. LOUIS Wheat closed December
$2.41: March, $2.37 Vi : corn. September,
$1.04 bid; December, 11 10U bid: May,
$1.16; oats, September, 6lic bid; Decern
ber, 67 Vic bid.
DULUTH Wheat closed December win
ter, $2.39 V: December spring, $2.4tf :
1 September flax. $3.21 bid.
NEW TORK Cash what. No. 2 red and
No. 2 hard. c. l. f., 2.7B.
ForHto Grain Markets.
BUENOS AIRES. Wheat, quiet; , Feb-
I rUarV,
$2.04. Corn, quiet. U3fc!?4c. Oats.
I unchanged.
UVETRPOOL Corn,
easy-
Oats and
wheat, firm.
I I R.M tV.. r.r.in .nil VT.Y.
wheat, $3.65&3 85; barley. $2.202.35;
Ioais, rea reea, .ts.ng) z.nt; corn, nominal.
Hay Fancy wheat. $2728; tarn.' oats.
1 fd; who oais, tiiviu; oaney, nmj.i;
I alfalfa, first cutting. Ilicrza; second cut
-
i Seattle Grain Market,
I SEATTLE, Sept. 2. Wheat Hard white.
I northern soring and white club. S3. 40: hard
to winter. 2.38: soft white 2.28: Big Bend
h'edraUheeS-. mt feed wheat.
Bond Buying
The salesman who fails to measure up to
his subject does double harm in the bond
investment field. Both the prospective
buyer and the bond under discussion get
less than a square deal.
Yet the careful investor need not waste
time nor a good security suffer from mis
representation. Insurance against both at
tends intelligent salesmanship.
Qualities superior to mere selling ability
are demanded of Blyth, Witter & Company
representatives. They are investment ex
perts trained in this institution. Consult
with one today land be certain of expert
advice.
Our bond experts are at your service.
lyth. Witter. & Co.
UJOTED SflXES GOVERJCIEItT KDNIOPAl. AJTD C0RPCBVM1OH BONDS
Main 8183. Yeon Building:,
- Portland.
San Francisco Los Angeles New York ' Seattle
$83: all-grain chop. $70: oats. $63: sprout- J
Ing oats, $67; rolled oats, $65; whole corn. (
$73: cracked corn, 940; roiieu orj, ,
clipped barley, $.
Hay Allaira, " per ton; uuuin
pressed alfalfa, $3U: . double compressed
timothy, $24; eastern Washington roixeo.
New Tork Sugar Market.
NEW TORK. Sept. 2. Raw sugar. I
steady. Sales. 15,000 bags. Cubas. Octo
ber shipment, at luic, cost ana ira"'.
Refined, steady. Fine granulated. 16
17.10c.
PLANT TO CONTINUE PACK
Chinook Company to ray to 0
Cents for Flsli.
ASTORIA, Or.. Sept. 2. (Special.)
The Chinook; Packing company of
Chinook. Wash., is the first of the
lower Columbia, river companies to
announce that It will peck fish dur
ing the- fall season, which will open
on Friday September 10. Advices re
ceived state the Chinook company will
nav the followlne rates per pound for
the various kinds of fish: Steelheads
nine cents, fall chlnooks five cents.
silversides three cents, tulies one and
one half cents.
What plants on the Oregon Bide of
river will pack this fall is not known
definitely, but indications are that a
few of them will be operated. The
prices will probably be the same at
all plants.
NEW FIRESARE REPORTED
Dry Weather of Last Three Days
Renevrs Forest Blazes.
ECGEN'E, Or.. Sept. 2. (Special.)
While the recent rains probably
quenched all forest fires in the ter
ritory covered by the planes of the
forest patrol, the dry and hot weather
of the past three days has caused a
number of new fires, the observers
report.
Yesterday the observers on the
north and south patrols operating out
of Eugene reported 14, two of them
being on the north patrol and 12 on
the south. One large fire was re
ported to be burning in green timber
in the vicinity of Alsea bay.
COLUMBIA FOR HARDING
County AJso Reported Almost Solid
In Favor of Stanflcld.
SALEM. Or.. Sept. 2. (Special.)
Columbia county is almost solid for
Harding and Stanfield. according to
a letter received at the offices of the
secretary of state here today from B.
Lake of St. Helens, president of the
Hardlng-Stanfield republican club of
that city.
Mr. Lake's letter was Inspired by
his desire to obtain a license grant
ing him the privilege) of driving his
Ford automobile.
La Grande Creamery Sold.
LA GRANDE. Or., Sept. 2. (Special.)
The Blue Mountain Creamery com
pany, oldest creamery establishment
in the city, has been sold to the to
lumbia Dairy Products company for
$24,000. The purchase was decided
after a survey of Union and "Wallowa
counties had been made by E. P. Con-
roy, general superintendent and R.
L. Hollenbeck director of the com
pany, regarding the future possibilit
ies of a cream station here. It is their
intention to make La Grande a cen
trol cream station. The headquarters
of the Columbia Dairy Products com
pany is at Vancouver, Washington.
New Commander Arrives.
TACOMA. "Wash., Sept. 2.--The va
rious regimental bands of the fourth
division this afternoon welcomed
YAKIMA VALLEY
with Its Bijrar beets, sugar re
fineries, alfalfa, hogs, cattle,
fruits and- berries, is the setting
for the city of Toppenish. with
a vast trade area of prosper
ous farms. The 7 City of
Toppenish
One to ten-year 7s at 100
"Wire Orders "Collect"
Ask for descriptive circular 73.
Sicon Fuxr50 Mam 66
NORTHWESTERN BANK BL0&.
Bonds
-' i PRICE i
j -nssseSs Ma n.
la
jl I $70,000 City of I 't
EDMONTON
6 General Obligation Gold Notes
FREE FROM ALL DOMINION
GOVERNMENT TAXATION
An Unusual Opportunity
This is an unusual opportunity to secure general obliga
tion notes of a substantial Canadian city of 60,000 yielding
such high interest return. Edmonton, the capital of Alberta
Province, is surrounded with fertile agricultural and grain
growing districts, and Is commonly called the "Gateway to
the Great Peace River Country." - s
Dated September 1, 1320. Due September 1, 1922. Principal
and semi-anrtual interest (March 1st and September 1st) pay
able in United States Gold Coin in New York and at the offices
of Morris Brothers, Inc. Denominations $500.
Telephone ot Telegrapk
MORRIS BROTHERS, Inc.
Between " The Premier Municipal Bond House, Telephone
5th and 6th Katabliahed Quarter of a Ostir;, Broadway
Streets. Morris Hldic.. .HOlf-11 Mark: St. 2151
Capital One Million Dollars.
Major General John Muir, who ar
rived at Camp Lewis today to assume
command. The last of the Fourth
division troops arrived today from
Camp Dodge.
Medford Veterans Want Armory.
MEDFORD, Or., Sept. 2, A move
ment has been launched by Medford
post, American Legion, to obtain an
armory for thi3 city. The legion will
co-operate with company D, 5th in
fantry, the local national guard com
pany.
Xaval Ordnance Plant Sold.
WASHINGTON, Sept. 2. Sale of the
naval ordnance plant at Dayton, Ohio,
to John F. Omer, of Dayton, for $14t
000, was announced today by the nSvy
department. The plant was purchased
during the war for manufacturing of
fire control instruments.
Paige-Detroit Motor Car Company
7 Cumulative Sinking Fund
PREFERRED STOCK y
(Par Value of Shares $100) ,
DIVIDENDS PAYADLK QVAHTERLY.
ASSETS.
Fixed Assets.
Machinery Equipment, Buildings, etc......
Lurreni .Assets:
Cash. Government - 'and Municipal .
Honda, Accounts Receivable, Inven
toriea. etc $7,2:0,543.93
Less
Total Current and Accrued Liabili
ties, including Kescrves $2.20S.E42.1 2
Net Current Assets
Total Net Assets
i
BUSINESS
The Cchnpar.y manufactures the well-known PAIGK cars.
Ootput 1920 will be approximately 30.000 passenger cam and
280') trucks. -Its export business increased 400 during
1919.
SECURITY
No mortgage or funded debt (except purchase money
Tnorteraftes) exists or can be placed by the company having
standing prior to this stock if 26 of the holders object.
Net assets are more than $200 per share. These figures
include nothing for good will or patents.
EARNINGS
"For year endintr Pecember 31, 1919, earnings were
11,400,000, after deducting depreciation and Federal Taxes.
Kqual tn nearly seven times dividend requirements on this
stock. The present dividend rate on common stock is 3r4
monthly or 3 per annum. lHvidends on common from
1914 to 1919 ranged from 1 7 to 69.
SINKING
FUND '
10 of net profits after payment of taxes and preferred
stock dividend is set aside each year as a sinking fund for
the retirement of this stock at 105 and accrued dividend.
Price 82 and accrued dividend yielding about
9
Exempt from all Normal Income Tax
Ralph Schneeldch Company
s
' XUNICTPAI. ANT C0RP0RAT1O1 PTXANCC
. JUMneMCNs luiiowe
PoRTUtirrf,OREobt
ORE THAN
$10,000,000
The Actual Value of Taxable
Property in Idaho Falls.
M
THE fact that this community of 10,000 people is
solid and growing was one of the deciding fac
tors that caused us to purchase and now to recom
mend these bonds as
A Preferred Investment
One to 10'Year 6Y2 Improvement Bonds
Den. $100, $500, $1000
City of
' IDAHO FALLS, IDAHO
INCOME TAX
PRICE
1
WW
2 Uudur- S oporviii ore Orofon S IVwk in DtfVirijrt cut-
Orders at Our Expense '
FOR SALE
1000
2000
100
lOOO
S0O0
6000
25O0
10O0
1000
500
lOOO
1000
35
SO
25
100
Alaska Petroleum & Coal Co.
Burke Oil.
Capitol Petroleum.
High Gravity
Queets Trading Co.
Cushing Oarber.
Miko Henry.
ld.iho Gold & Radium.
"Y" Oil Gas.
Lush Royalty.
Bos ton-Wyoming.
Harvey Crude.
Pacific States Tire.
Tsut House rfd.
Superior Portlnnd Cement.
"Western Rubber.
Quotations furnished on any stock. "
PI E RR 1 Rh 0 DESlfi ft
r ESTABLISHED ISM.
STOCKS and BONDSi
Railway Kxchanga BIdg. Main 283.
Members Chicago Board of Trade.
Seattle Portland Tacoma
. .Jl.005,233.28
. . .J5.011.003.S7
.. .16.016,257.15
EXEMPT
TO NET
7