THE ' MORNING OKEGOXIAX, FKID1T, SEPTEJIBER 24. 1020
23
DEAL WORKED
QUIETLY BY TANNER
Surplus of Calfskins Sudden
ly Taken Off Market.
QUARTER MILLION BOUGHT
Ivovr Price Invites Operations on
Vnusual Scale May Favor
ably Affect Hide Values.
An extensive movement In calfskin m
thm ma at, has been a development of
marked Importance tn hide and leather
rirclea. Calfskins reached a basis below
the parity of hides and prices at last
touched such a low point that buying on a
laree scale resulted. The effect on the
general hide market has been to give it
some degree of firmness by sympathy.
Local hide prices have not been changed,
but holders express more confidence.
The calfskin buying was done during
a period of & few days, when one of the
large eastern tanners cleaned up approxi
mately 250,000 skins; probably the largest
single purchase ever made in so short a
time. The buying was conducted In a
very quiet way and was completed before
most of the trade awoke to the fact that
anything out of the ordinary had been
done. The accumulations of calfskins
were so extensive that the tanner making
the clean-up was enabled to take his
ehoice of the cream of practically all of
the best first salted city skins throughout
the east and middle west.
About 150.000 of the calfskins sold were
obtained in New York, Chicago and Pitts
burg. In the New York market, sales
aggregated 45.000 at $2.25. 2.75 and $3.60
apiece for the three weights of calf from
6 to 7. 7 to 9 and 0 to 12 pounds, with kip
kins at $4.50 for light and $5.50 for
heavy weights. Sales in Chicago amounted
to 50.000, consisting of one packer's ac
cumulation of 30,000 at 30c. per pound,
and two lots of Chicago city butcher skins
of 10,000 each at 25c. for one and 27c.
for the other lot. The skins sold in Pitts
burg consisted of an accumulation of
66.000 packer and city butcher skins of
June. July and August take-off and Sep
tember salting ahead at 25c. for the 7 to
15-pound calf, and 10c. for 15 to 25-pound
Itlp. The balance of 100,000 skins sold
comprised various lots of about 40,000 Ohio
and Michigan, etc., city skins at from 24c.
to 25c. per pound, cleaning up moat of the
holdings at such points as Cleveland, Cin
cinnati. Toledo, etc., about 30.000 Penn
sylvania city skins at from 23c. to 23c. per
pound, and various lots of New Tork
state .etc., city skins.
At the peak of the high market last
year, western city skins, which lately sold
at 25c. brought $1 per pound, and New
York city's, recently purchased at $2.25,
$2.75 and $3.50 per skin, as to weights,
brought not many months ago as high, as
$10. $11 and $12.
While no developments have as yet oc
curred In cattle hides, packers and other
holders have more confidence, and expect
that some of the large heavy leather tan
ners may soon do some Important buy
ing in a quiet way along the same lines
as In calfskins. The belief is entertained
in hide circles that if large sales were
made of heavy hides, following the ex
tensive calfsktn trading, leather buyers
Would be induced to operate on a liberal
cale In leather. Most tanners, however,
hold an opposite opinion, contending that
a revival of activity must originate in in
creased orders for shoes and a natural de
mand for leather.
T..ARGE EXPORT BUSINESS IN EAST
Shippers Bay They Are Handicapped by
Prices Current Here.
Wheat export business on a very heavy
scale was done in the east, but nothing
f the kind was reported here. There was
the usual limited buying throughout the
country, but grain men declared they
could not compete with the east at the
prices current in this section. Wheat
Is worth around $2.50 a bushel, Portland.
. while New York yesterday wired a cash
quotation of $2.62.
Advices from Chicago were tha,t be
tween 11,500.000 and 12.000,000 bushels
f wheat were taken for export. At New
York 2,000.000 bushels were marked for
Europe. On Wednesday 6,000,000 bushels,
according to a New York report, were
sold for export of which 3,500,000 bushels
were for Spain.
On the local grain board the wheat
market was irregular. Soft white bids
were reduced 2 cents and red Way a
6 cents, while hard winter and northern
spring were raised 3 cents. Hard white
and club were unchanged.
In the coarse grain division, October and
November white oats were 50 cents lower
and corn bids for shipment were down
$11.25.
Terminal receipts. In earswere reported
by the Merchant's Exchange as follows:
Wheat.Bar.Flour.Oats.Hay.
Portland Tr. .go. :ift
3
479
2
3
2
248
8
9
624
430
tea. to d te yr. ago.Zo41
Tacoma Wed. ... 41
Tear ago ."0
Season to date.. .H'J.'t
Year ago 1340
Seattle Wed. ... 22
Tear ago
Season to date.... flofi
Tear ago 1373
101 ooX 218
3 ...
t
22 203 44
8 ... 63
4 4
1 3
7 SO 51
M 161 171
STOCKS LESS THAN TEAR AGO
Holding, of Batter. Cheese. Egg, and
Poultry la American Storages.
Revised figures on total storage hold
ings of dairy and poultry products on
September 1 of this and last year have
been Issued by the bureau of markets as
follows:
Sept. 1. 'HO.
Creamery butter. 115. 480. 000
P. S. butter 3.507.000
American cheese .. 60.5ao.000
Swiss cheese S.02O.0UO
Brick and Munster. 2.200.0OO
Sect. 1. !
131.3S8.000
3.3I4.0O0
76.66l.OO0
2.78O.OO0
S28.0O0
l.imburger
1,433,000
5.607.000
275.000
6.2IW.0H0
6.300.0OO
21.004.000
4. 079. 0O0
1.724.O00
6,035,000
1. 178.000
0.-78.000
21.204.0O0
1,135,000
6.639.000
242.000
t'ottage. etc
Cream and Neufel.
Cheese, other .....
Kggs. case
Kegs, frozen
broilers
Roasters
Fowls ,
Turkeys
Miscellaneous .....
Total poultry
4.204,000
7.685.0110
21.017.000
6,081,000
B. 046.000
4.807.000
3.200.0O0
13.6IW.000
32.917.000
RANCH EGGS RECEIPTS VERY SMALL
Baying Trice Is Advanced to 60 Cents-
Batter Holding Steady.
Receipts of ranch eggs have become so
light that only a small part of the local
demand can be filled and larger storage
withdrawals are necessary. The buying
price of Oregon eggs has been raised to
OO cents net Portland for current recelots.
The buter market was steady and cube
extras again sold at 61 cents. The in
crease In receipts was small.
Poultry arrivals were liberal and deal
ers could not get over 20 cents for small
bens. Large hens sold at 28 30 cents.
The pork market was easier wiui 25
ioi. cai was steady and un
changed.
Small Trade tn Fruit Market.
The green produce trade continues quiet
ana no improvement Is expected until
the weather settles. No peaches were re
ceived yesterday, but there was enough on
rand to fill all orders. A car of Tokay
grapes arrived ana was put on sals
$3 a crate. Two cars of cantaloupes also
came in.
Bank Clearings.
Bank clearings of the northwestern cities
ycsleraay w ers as follows:
Clearings. Balances.
7715,945 2,457,470 I
74H.a6 117.721
battle
Tacoma
Spokane
6
POETLAND MARKET QUOTATIONS
Grain. Flour, Feed. Fte.
Merchants' Exchange, noon session.
Bid
Sept. Oct. Nov.
i 2.50 $ 2.47 $ 2.45
2.33 2.33 2.30
2.8 2.38 2.32
2.35 30 2.30
2.33 2.35 2.35
2.25 2.25 2.25
47.00 47.00 47.00
45.00 45.00 45.00
50.00 49.00 49.00
4b.50 48.50 47.00
61.00 60.00 4S.50
54.50 45.50 42.00
52.50 50.00 4.00
Wheat
Hard white
Soft white
White club
Hard winter
Northern spring . .
Red Waila
Oats
No. 2 white
No. 2 gray
Barley
Brewing
Standard feed ...
Corn
No. 3 yellow, ship.
Millrun
No 3 vellow. deliv
FLOUR Family patents. $12.60; baker's
hard wheat. $12.25; baker's bluestem, $12;
valley. $10.40; whole wheat, $10.80; gra
ham, $10.60.
UILLFEED Prices f. o. b. mill: Mill
run. $57 per ton; rolled barley. $6062;
rolled oats, $58; scratch feed, $S0 per ton.
CORN Whole, $70; cracked, $73 per ton.
HAY Buying price, i. o. b. Portland:
Alfalfa. $23 24; cheat. $2122; clovtr,
$22; valley timothy, new, $2728.
Dairy and Country Produce.
BUTTER Cubes, extras, 61c per
pound; prints, parchment wrapped, in box
lots, 66c per pound; cartons, 67c; half
boxes, 4c more; less than half boxes, lo
more; butterfat. No. 1, 63 64c per pound
at stations; 68c Portland delivery.
KCiiiS Buying price. ca&e count, 60c;
Jobbing prices to retailers: candled, 64c;
65c; selects, 65c.
CHEKSIS Tillamook, f. o. b. Tillamook:
Triplets, 31c; young America, 82c.
POUL.TR V Hens, 20430c; springs, SO
32c; aucks, 2532c; geese, nominal; tur
keys, nominal.
PORK Fancy, 25 25 He per pound.
VKAJ Fancy, 23c per pound.
Fruits and Vegetables.
FRTTTT3 Oranges, $8.25 9 ; lemons,
$5.25(5)5.75 per box; grapefruit. $36 box;
bananas, 12 H 13 Vic per pound; apples.
$1.503.75 per box; cantaloupes, $22.50
per crate; watermelons, lS2c per pound;
peaches. Sl.50fr2.75 per box: plums. SI
$1.50 box; casabas 2V03c per lb.; grapes.
S2.75&3 per crate, 10 wile per pouno;
pears, $2.50 3 per dox: prunes. 35c per
pound; huckleberries, 22 'ac pound.
VEGETABLES Cabbage, 2Vi 3c pet
pound; lettuce, $2 2.50 per crate; cucum
bers, 5075o per dozen; carrots, $2.50 per
sack: horseradish. 25c Dr pound : garlic.
30c ; tomatoes. 4085c box; beans, 7 & 10c
L per pound; beets. $3 per sack ; turnips.
Ed.ou per sacK; eggpiant. t i.tva per
pound green corn, 25 30c per dozen;
sprouts, 15c pound.
POTATOES Oregon, $2.2502.75 per 100
pounds; Yakima, $2.50 (ff 3; sweet potatoes.
6li&7c per pound.
ONIONS California brown, $2 2.25 per
sack; pickling, 8 10c per pound.
ptaple Groceries.
Local Jobbing quotations:
SUGAR fcack basis: Cane, granulated,
16.30c per pound.
HONEY New, $7.50i$S per case.
N UTS Walnuts. 32 38c ; Brazil nuts,
85c; filberts, 30 if 35c; almonds, 35c; pea
uuts, 14151?io; cocoanuts, $1.75 per dozen
RICE Blue Rose, 14 per pound.
BEANS Small white. 7Vc; large white,
7ic; pink ,Sfe.c; lima, 12 per pound;
bayous, llc; Mexican reds. 10 o pel
pound.
COFFEE Roasted, la drums, 2d 40c
per pound.
v "
Provisions.
Local Jobbing quotations:
HAMS All bizea. 42 46c; skinned. 41 0
46c; picnics, 25c; cottage roll, 35c
LAKb Tierce basis. 23c; shortening,
20c per pound.
DRY SALT Short, clear backs, 25027c
per pound; plates, 21c
BACON Fancy, 4b (tf58c; standard, 829
42c pur pound.
Hides and Pelts.
HIDES Salt hides, all weights, lie per
pound; green hides, all weights, 9c; green
or salt calf, under 15 pounds, 17t$2Uc;
green or salt kid, 15 to 30 pounds, 12c; salt
bulls, ttc; green bulls, 7c; dry bides, 2uc;
dry salt hides, 15c; dry calf, under 1
pounds, 25c; salt horse hides, large, $4
each; medium, $3; small. $2.
PELTS Liy fine long-wool pelts, 15c
per pound ; dry medium long-wool pelts,
12c; dry coarse long-wool pelts, 10c; salt
iong-wool pelts, $2 to $3 each ; salt lamb
pelts, 50c to 75c; salt shearlings, 25o to
uu; salt cuppers, lac 10 zoc
Wool, Caseara, Ktc
MOHAIR Long staple, 25o per pound;
short staple, 15c per pound.
TALLOW No. 1, So per pound; No. 31
5o per pound.
CASCARA BARK Per pound, gross
weights, old peel, ttttc; new peel, 8o per
pound.
WOOL All grades nominal
HOPd New crop, SOc; fugglea, 65c
pound.
Oils.
LINSEED OIL Raw. barrels, 1 B4;
drums. $1.61; cases, $1.60. Boiled, barrels.
$1.56; drums, $1.63; cases, $1.71.
TURPENTINU Tanks, $1.UU; cases,
$2.11.
FUEL OIL Bulk. $2.10 Ter barrel.
COAL OIL Tank wagons and iron bar
rels. 17 hie: cases, 30(0370.
FUEL OIL Bulk, $2.35 per barrel.
GASOLINE Tank wagons and Iron bar
rels, 20c; cases, 41c
Kastern Dairy Produce.
CHICAGO. Sept. 23. Butter, higher.
Creamery, 44 4ffl:C.
K--rs Lower. Receipts. 574S cases;
firsts. 5354c; ordinary firsts. 48'S150c; at
mark, cases included, 49fwoSc; standards,
alftc; storage packed ursts, bofffooftC.
NEW TORK. Sept. 23. Butter, firm.
Creamery higher than extras, 6263c;
extra, 62c; firsts, 52 sii 61c.
Legs, firm. b resh gathered extras,
firsts, unchanged; firsts, 57(tr60c.
Cheese, firm. State whole milk flats.
current make, white and colored specials.
20fc293tc; state whole milk twins, current
make specials, 28 Vi -8 c.
Naval Stores.
SAVANNAH. Oa... Sept. 23. Turpentine
firm, $1.35V n il.36; sales. 169 barrels; re
ceipts. 205 barrels; shipments, 06 barrels;
slock. 14,300 barrels.
Rosin, firm: sales. 804 barrels: recelots.
1252 barrels; shipments, 638 barrels; stock.
48,224 barrels. Quote: B, D, K, F, G, H, 1,
K. M, N, W(i, WW. 11.77Vi.
Metal Market.
NE"W TORK, Sept. 23. Copper, nulet.
unchanged.
Tin. easy. Spot. 44c; nearby, 44.25c:
futures. 44.50c.
Iron, steady, unchanged.
Antimony, sine and lead, unchanged.
New Tork Sugar Market.
KBW TORK. Sept. 23. Raw sujrar.
steady; centrifugal. lO.TSc; refined, steady;
line granulated, h.jhic.
OUTPUT IS .CONTRACTED
Mill i'roduct lo Be Flumed to
Hood, Wash., for Shipment.
HOOD RIVER, Or., Sept. '23. R. H
Macauley and C. E. Maiiory of Port
land were here yesterday making
final arrangements for transfers of
?12,000 of stocK subscribed by local
citizens in the Drano Flume & Lum
ber company, which will operate a
sawmill on the Little White Salmon
river in Skamania county. Wash., and
flume the product to Hood, Wash., for
shipment. A total stock of $100,000
has been sold for financing the mill
and flume concern.
The entire output of the lumber
concern for the next 15 years has
been contracted to a large retail lum
ber company of Nebraska.
Clay "Deposit Brings Revenue.
ABERDEEN, Wash., Sept. 23. -CSpe-cial.)
The Montesano city council has
not found a gold mine, but the city is
getting a good revenue out of the
ground. A clay deposit at the old
cemetery west of town is found to be
admirably suited for the purpose of
moulders, and is being- shipped to Ta
coma for that purpose. The city de
rives a revenue of $7.60 a carload, the
moulders standing all expense of han
dling. Industrial and Commercial
BUILDINGS
DESIGNED AND BUILT
ERTZ & WEGMAN
GENERAL CONTRACTORS
651 PITTOCK BLOCK
ARE WEAK
PRICK CUTS AFFECT SHARES IX
MAXY LINES.
Railway Issues Make Additional
Gains Liberties Strongest Fea
ture of Bond Market.
NEW TORK, Sept. 23. Bail, and In
dustrials pursued widely divergent courses
in today's active stock market, the former,
especially low-priced issues, scoring- addi
tional gains, while the latter became more
unsettled as signs of ''business readjust
ment" multiplied.
That this readjustment Is taking the
form of pronounced price revision was
clearly Indicated by the news that two
prominent mail order houses had cut
prices from 10 to 60 per cent, while the
manufacturer of a well-known automobile
announced a price reduction of 17 to
-1 per cent.
There were rumors that coming weeks
are likely to witness a marked slowing
down of operations in the steel trade, with
probable reductions of prices for fabri
cated materials.
The more severe losses were again sus
tained by motors and affiliated special
ties, oils, steels, equipments, shippings and
some of the food shares, where gross de
clines extended from one to six points, with
partial rallies on short covering at the
clone.
Kales were 925,000 shares.
Greater stability on more diversified
dealings was shown by the bond market,
with liberty issues as the outstanding fea
ture of strength. Total sales, par value,
J15.750.000. Old United States bonds were
unchanged on call.
CLOSING STOCK QUOTATIONS.
Last
Sales. High.
2.7(10 70 Vs
M0 35
l.ldO 1:13
K tV
S.100 76'4
5.400 05
Low.
78
S5
13 2 '4
6714
74
93 14
60
108
88 Vl
98
132
7714
12V.
53
S4
146 '4
109
4314
72
19
20
120
sale.
78
85
132
68
74
4
Am Beet Sugar
American Can
Am Car & Fdv
Am H & L Pfd
Am Inter Corp
Amer Loco . .
Am Smt & p.fg
Amer Sugar. .
Am Sum Tob
Am Tel & Tel
Amer Tob Sec
Amer Woolen
Am Z L & a. .
Anaconda Cop
A tchlson . .
Ail u V In..
Bald Loco. . . .
I.wjO 61 1i
6L
109
88 1,
98
13614
78
12 '4
53
84
147
110
43 J,
73
3 9
29
120
46
70
66 '-4
88
751,
39 '
2 1 Va
85
' 128
38
19
142'.
19
79 14
PI)
47
76
19
78
22 Va
102
185
20
15
38
28 Va
12 V.
,800
110',
90
98 "4
13614
78
12
54,
84 1,
150Vi
112!
44
73 H
19 T
29 y,
121
48.
80 Vi
67
76
40'.;
28i
86
131
38
20
143
20 H
79 5,
90
47 14
76
i;v
7 :
J3
25
102 14
192'
20
165,
391,
29 i
12Vi
761,
37 1i
96),
80
4
2
93 H
42-H
35
94Va
81
87 54
9
33
97 V,
31
105"
61Vi
57 Va
39 Sj
70
13
123
59Vi
85 Vi
72
8514
89
lo'm
1
84
47
2,000
800
100
2.31IO
100
3.8UO
1.8O0
J.5O0
2M.7O0
Bait & Ohio.
OO
Bethle Steel B 14.0O0
But & Sup Cop 000
Cal Petroleum 300
Can Pacific. 2,700
Cen Leather. . 5.400
Chandler Mtrs 3.600.
Clies & Ohio. . 7,400
Chi M & St P 5.300
Chi &. Norwest 1,000
Chi It I A Pan .tn !ilM
78
65
37
74 4
3S
27 Va
84
12811 '
37 V4
104
142',.
19 14
7
90
46V4
75 1
19
77
21;,
25
102
JS4V4
20
15
B7Va
28
12 14
75V4
35
93
79
4
28
91
42
34
92'4
79 U
)
9
52
32
05 V4
30 Va
104 74
58 ,
5o J4
37
SV,
12
121
57 Vi
83 Vi
70
82 '4
8814
105
63'..
84 54
47
12
Chino Copper. . loo0
corn products 5.3O0
Crucible Steel 6,500
Cuba Cane Sug 2,400
Erie 7,4oo
General Elec. SoO
General Motrs 36,000
Grt North Pfd 4.600
Illinois L'en.! 100
Inspr Copper. 2,0'X)
lnt M Mr Pfd 6O0
inter Nickel.. 2,000
Inter Paper. . 3,000
Kan Cty South 3,500
Ken Copper.. 700
Louis & Nash 2O0
Mexican Petrol 33.400
Miami Copper 300
Mid states Oil 0.4OO
M-dvaJe Steel 12,700
Missouri Pac 15.3O0
Nevada Cop.. 300
N Y Central.. 2,4c0
N Y N H & H 66,200
Nor & West.. 1.00O
North Pacific 6(KI
Okia Pd & Rfg 3.200
Pacific Mall 1OO0
Pan-AAm Pet 16,600
Pennsylvania . 5.7iw
Pitts & W Va 7.2O0
Reading 15.60O
Kep lrn & S .0.200
Royal UN V. . 2.8O0
Shat Arz Cop 30O
Shell T & T 910
Sin Oil & Rfg 11,200
Southern Pac 7.S00
South Ry 12,700
S O N J Pfd. . 1.2O0
Stude Corp.. 34.6O0
Txas Cor ... 11,3110
Texas & Pac. . 6.5O0
Tobac Prdts.. 5.300
Transcon Oil.. 2.400
Union Pacific 2.50O
U S Fd Prdts 2.500
U "S Ind AIco 2.7O0
U S Rtl Stores 12,20
U S Rubber.. 7.800
U S Steel 27.0O0
U S Steel Pfd 2O0
Utah Copper.. l.OO
West Union... l.ooo
West Electric 1.000
Willys-Overld. 14,100
7614
37
93
79
4V
28
91
421.
8514
93
80 Va
7
9
63
S2V4
S6
30
105 74
59
50 r.
3SV4
70
12
123
57 V4
84
71
8314
88
105
63
64
47 'a
13
BONDS.
TJ S Lib S4s. . .00.261 Anglo-Fr Bs 100 1-181
do 1st 4s ....86.60; A T & T cv 6s. 06
do 2d 4s .85.861 Atch gen 4s ... 76
do 1st 414s...87.30iD & R G con 4s. 654,
do 2d 4 Vis . ..86.24; NYC deb 6s. . 92
do 3d 4ViS. . .89.161 N P 4s 76
do 4th 4VS. ..86.48.N P 3s 55
Victory 3a .. .95.641 Pac T & T 5s.. 61 !i
do 4?s 95.6SI Pa con 4Hs-...88
U S 2s reg. . . . 101 S P cv 5s 994
do coupon ..lOI m.So Ry 5a 8.1-a
V S 4s reg 105i,U P 4s SO ,
uuufuu .. - i .i -M i u o aieei os. . . . v.).
do coupon ...77 Bid.
Mining Stocks at Boston.
BOSTON. Bept. 23. Closing Quotations
Allouez 22 North Butte ... 16V4
Ariz Com .... lOiOid Dom . .. 24 U.
ruii, x. i.i. Krfi .i i.. "
v-.tti ii at necm. ..M Miisiuincy ........ 44
Centennial
JO ill -superior 4Vj
36 Sup & Boston.. 314
11 I Shannon 1
2V4ICIah Con 7 l
27 IWInona 30
3 Wolverine 134
60 I Greene Can ... 27
Cop Range .
East Butte .
Franklin . . . .'
isle Koyalle .
Lake Copper.
Mohawk . ,
Swift ft Co. Stocks.
Closing prices of Swift & Co. stocks at
Chicago were reported by Overbeck &
lookb company oi roruana as follows
Swift & Co 109
Swift International H2
Llbby. McNeill &. Libby 12
National Leather ; 10
Money, Exchange, Etc.
NEW TORK, Sept. 23. Prime mercan
tile paper uncnangea.
Exchange strong. sterling . demand
13.50; cables. (3.51 VI. Sterling declined
In the late dealings. Demand, $3.4914;
caoies, vd.su r rancs, demand, e.83; ca
bles, 6.85: Belgian francs, demand. 7.19;
caoies. i.-i; guilders, demand, 31.12; ca
bles, 01.20 ; lire, demand, 4.23; cables. 4.25
markB. demand. 1.61; cables, 1.62; drach
mas, 9.43; New York exchange on Mon
treal 10 per cent discount.
Time loans strong, unchanged.
Call money steady; high, 7 per cent
A National
Investment Service
Through our nation-wide .
organization with its world
wide affiliations, we search
constantly for attractive
investment opportunities.
You can benefit from this effort.
Our book, "Men and Bonds,"
which tells the story of our
service, will be sent on
request for OR-051.
THE NATIONAL CITY
COMPANY
Correspondent offices in over
fifty cities.
Portland, Yeon Building.
Telephone Slain 8072.
ViKaliPMAi. errv mswJ
CASCARA BARK
Shtt to V. and RelTe
THE HIGHEST PRICE,
We Want All Yon Have.
Writ, for Tigs and Price..
Sullivan Hide & Wool Co.
144 r'root St.. Portland. Or.
low, 7 per cent; ruling rate. 7 per cent;
closing bid. per cent; offered at 7 per
cent; last loan, 7 per cent.
sar silver ana Mexicaa dollars un
changed. LONDON. Sept. 23. Bar silver B9'4d per
ounce. Money and discount unchanged.
SAJf FRANCISCO PRODUCE MARKET
Prices Current on Tegetables, Fresh Fruits,
Etc, at Bar City.
SAN FRANCISCO. Sept. 23. Butter
Extra grade. 66V4c: prime firsts, 61c
Eggs Fresh pullets, 74c: dirties. No.
1, 63c; extra pullets. -65c; undersized, 50c.
Cheese Flats, fancy, 36c; firsts, 26c;
young America, 36c.
Vegetables Eggplant, lug, 60 75c; sum.
mer squash, 5o90c; potatoes, street
prices. rfVer, $2.652.75: sweets. 414414c;
onion. yellow and white. 90cO$l; central
Australian brown. $11.20; beans, Tip
13c; bell peppers, 60 65c; cucumbers,
75c$l; celery, crate, $4&5; green corn,
sack, $2&2.50; peas, 1214 Hp 15c; tomatoes,
65cS$l.
Poultry Hens, large, colored, 87G3&C;
small, 30 33c; White Leghorn, large, 80
32c; small, 2327c; strictly young roosters,
391341c; old, 2324c: fryers, 40943c;
broilers, 4S50c; ducks, 252Sc; pigeons,
$34x3.50 dozen; squabs, 5560c; turkeys,
alive, 50 52c.
Fruit Strawberries, 7nc$1.20; rasp
berries, 70c$l; blackberries, $8 11; can
taloupes, standards, S01.25;. ponies, 653
9oc; flats. 35&45c; watermelon. $23.75;
dozen; Valencia oranges. $6.507.50;
lemons. $2&4.25; grapefruit. $3&4. 5o; ap
ples. Bellflowera, tl.50ilSl.75; peaches.
$1.50 1.65; plums, $1.252; pears, Bart
lett. J3HJ4.50, wrapped; figs. $11.50;
grapes, black, tl.752; seedless, $1,500
1.75; bananas, 9llc.
Receipts Flour, 4910 quarters; barley,
152.265 centals: beans, 764 sacks; corn,
1175 centals; potatoes, 2475 sacks; onions,
2557 sacks; hay, 145 tons; hides, 540 rolls;
oranges, 500 boxes.
Wool Lower at London Sale.
KANSAS CITT. Sept. 23. At the wool
auction sales today 12,300 bales were of
fered. Prices were weak and irregular,
often being 5 per cent below those of
the opening. The-withdrawals were large.
owing to poor demand. The sales will
close October 1 Instead of October 8.
5IOST OF CENTRAL- OREGON
WHEAT CROP IN WAREHOUSES
Fall Plowing Has Started Large
Increase in Potato Produc
tion Fruit Doing Weil.
Crop conditions along1 the line of the
Oreron Trunk railway and the Vancouver
division of the Spokane, fortiana Ac toeat
tie railway are reported by . w. .ricKara,
assistant general freight agent, as ioi
ows:
"Threshing Is nearly completea a
Sherar. MauDln. Bend. Opal City, Terre
bonne and Redmond, but around. Metoiius,
Culver and Madras will continue for
week or ten days. Most of the grain is
in warehouses at the present time in cen
tral Oregon, on account of the uncertainty
ot the market.
Some of tha farmers are starting tneir
fall Dlowinr in central Oregon.
Potatoes turned out very satisraciomy.
thrA hefnir 2.i ner cent more than aver
age as to acreage, and Quality wen aoove
normal.
The bar croo In this district is very
heavy this year, which Is partly due to
late pasturage from pientuui rains ana me
fact that 23 per cent more acreage was
nut into hav this season tftan last year.
wm in tne weatner in cenirm r-iin
has been generally very warm for the
past three weeka, there were some heavy
rains last week, wnicn naa no appreciaium
had effect, other than to delay harvesting
There were also two frosty nights last
week in central Oregon, which apparently
riirt no riAmasre to crops.
The harvesting of the wneat crop in
tiie finldendale country is about cleaned
up. with an estimate of probably 120,000
bushels stacked, in tne iieias, waning io
be hauled.
Fruit conditions are much Better arouna
Underwood. Vhie Salmon and Golden
dale. Washington, than they - ere at first
thought to be and the appie crop win
probably exceed 75 per cent of normal.
The prune crop in the vicinity of Van
couver and in Klickitat county will he
very heavy, halving suffered but small
amount of damage from rains. i-ruu in
the vicinity of Underwood, Hood River,
White Salmon and L-yle suffered some
what from wind storms, but generally will
turn out very fine as to quality.
Precipitation was heavy during tn last
two weeks on . the Vancouver division,
which has greatly helped grazing, together
with fall plowing and seeding.
Partial Recoveries in Coffee.
IEW YOKK. Sept. 23. The market for
coffee futures opened at a decline of 12
to 15 points, sold 16 to 2L points net
lower during the early trading, under
continued liquid a tiem and scattering pres
sure, accompanied by reports that Brazilian
shippers had accepted lower Dids lor kio
coffees In the cost and r reign t market
late yesterday. The decline to 7.70c for
December and 8.23c for March attracted
more or less covering, however, and there
were partial recoveries later oa buying
by brokers with cotton exchange or for
eign connections. March rallied to 8.3oc
with the market closing at a net loss of
5 to 10 points. September, 7.30c; October,
7.40c; December. 7.8ttc; January, S.Olc;
March, 83c; May. 8. tile; July, 8.77c.
S?ot coffee, moderate demand; K.10 7a,
8c; Santos 4s, 13(13S4c
Invested in Fnrclm
Money tinder our new
plan make possible
Profits S1000 to 2o.flnn
Send lo cents stamps at once for our
new 288-page booklet, with full par
ticulars. We are specialists in Foreign
Exchange, and maintain branch offices
in many large cities.
fiKO. H. PCRKINS & CO.
SO Broad Street. New York
I We own and offer H
$100,000
City of j
Portland
Improvement I
Bonds I
to yield S
Call or Phone. K
U fsriaii HjooZ&fjft Mam 644 R
CORN IS UNDER DOLLAR
LOWEST PRICE SINCE 1917
RECORDED AT CHICAGO.
Decline Also Affects Wheat 3Iar-
ket, Notwithstanding? Isarge
Sales for Export.
CHICAGO. Sept. 23. For th first time
since 1917, corn today commanded less
than 1 a bushel in exchange for new
crop deliveries. Continued fine weather
pointing to a huge yield safe from frost
largely responsible. The market
closed heavy, 6H99c net lower with De
cember a?99c and September 31.27 &
1.27. Wheat finished unsettled at 3c
decline to hie advance. December, $2.36
t(r -.do -4 and JUarcn S2.27 &2.' '4. oats
lost 22 c and provisions closed un
changed to 87c down.
As soon as the market opened, corn
started to plunge downward and although
rallies took place they proved brief
uats gave way with corn and touched
the lowest prices this season.
fc-xport purchases of wheat, totaling
1.000.000 bushels, counteracted only in part
an impression that urgent European "re
quirements for breadstuffs had been filled.
Meanwhile, bears in wheat made much
of the severity of the break in coarse
grain. Provisions declined with corn and
hogs.
The Chicago market letter received yes
terday by Overbeck & Cooke Co. of Port
land said:
Wheat Fluctuated within a narrow
range and held firm in the face of semt
demoraltxation in most other directions.
This comparative strength was a reflec
tion of additional purchases for export,
estimated from l,o0O,0v0 to 2,000,000
bushels. Cash prices remain on the same
basis with futures as for several days.
The country continues to hold wheat.
refusing to accept these prices and with
exporters" persistent "buyers the market
is able to maintain the same level that
has obtained for some time despite the
tendency to deflate in practically all
other commodities. As long as export
ers remain willing buyers a strong market
is to be expected.
Corn Liquidation Invaded this market
early in the session and for the first time
the new crop deliveries -got under the
dollar mark. The volume of trade was
enormous with heavy short covering
making its appearance from time to time,
but insufficient to stem the tide. Sep
tember, which yesterday advanced In a
sensational manner, reversed its position
today by declining 10 cents per bushel,
with considerable liquidation induced by
Indications that deliveries would be ten
dered within the next few days. There
was no abatement In country offerings. It
is apparent that the corn In first hands
Is to come on the market regardless of
price, as farmers are satisfied the bulk
of the new crop Is now out of danger.
Considerable of the selling in September
was- by shippers In Ohio and Indiana who
have sent corn here and expected it to
he here in time for delivery on their
contracts. It would seem reasonable to
assume that as drastic a decline as has
been witnessed should be followed by a
good recovery, but at the moment there
is nothing In sight to justify such ex
pectations. Oato Heavy selling was on la this
cereal and prices melted on an Insuffi
cient demand. Buying from time to time
credited to exporters had little effect.
There is still nothing In night to revive
confidence on the long side.
Ry Trade was light and the market
easier on reports of a complete absence
of fresh export buying.
Provisions Some support from shorts
caused an advance early In the day, but
liquidating sales were on the market In
good volume and prevented an advance
in price. We expect October lard will
soon feel the weight of tremendous sales.
Leading futures ranged as foUows:
WHEAT.
Open, High.
tflW.
$2.34
2.2S
1.2
.88
Close.
$2 3Vi
2 27
l.ST
.89
.R7!
.61
r
March. .
12.37 4
2.20
CORN.
13.1 "4
2.27
!Tt. .
Dec.. .
is:
1.04
1.03 3
OATS.
.fif .0014
.64 .64 V
MESS PORK.
Dee. .
May.
.61 V4
Sept. .
Oct...
24 .
24.60
24. 7S 24 60
LARD,
19!5 18 87 19.70
18.20 1S.40 17.83
SHORT RIBS.
Oor..
Jan..
19 f5
18.07
Pept
1 SO
16. 80
Oct.
16 85 .17.00
1.7T
Cash prices were:
Wheat No. 3 red. I2 6SH; No.
1 hard.
2.48e2.S3; No. 2 hard, $2.47.
Corn No. 2 mUed, 1.28 1.S3
No.
Z yellow. 1.27 gr 1.34
Oa.to No. 2 white, 8T579ic; No.
white, S4f57&c.
Rye No. 2. $2.022.O6l4.
Barley 82 0O9c.
Timothy, seed f 69 7.50.
Oiover seed $18 425.
Pork Nominal.
Lard $20.
Ribs $16.8717.75.
Kastern Grain Markets.
NEW TORK. Sept. 23. Cash wheat,
$2,612 per bushel.
NEW ORLEANS, Sept. 23. Cash wheat,
2 4 cents lower.
Eastern Wheat Receipts.
TCastrn wheat receipts yenterday were:
Marine Equipment Bonds
like railroad equipment securities, have for many years
occupied a pre-eminent position among high - grade
bonds because of their excellent record and inherent
Bafety.
Under normal conditions they sell at prices to yield
from 5 to 6 per cent. Today they can be procured to
yield 8 per cent.
They are in a stronger position today than ever be
fore because of enactments of Congress to protect and
safeguard our merchant marine the Jones bill gives
preferential treatment to American ships. It also forti
fies the position of marine equipment bonds in other
ways.
Typical of marine equipment bonds are.
China Mail Steamship Corporation
First Mortgage 8 Serial Gold Bonds
Due July 1, 1923-1924-1925
Price 100 Yielding 8 Per Cent.
Total Issue $1,000,000. Value of mortgraR-ed property
over $4,000,000. Total insurance carried (against all risks
and payable to trustee for benefit of bondholders) over
$4,000,000. Earnings eight times interest charges. Re
tirements serial. Equity thus constantly increasing.
One of the largest ship owners and operators on
the Pacific Coast has purchased $500,000 of the China
Mail Steamship Corporation bonds from us. This evi
dences a shipping man's opinion of the security.
Write, phone or call for Circular M-6 descriptive of
this issue.
Blyth, Witter & Co.
UNHED SATES OOVERftWEHT MUNICIPAL AHT CORPORATION JJOHDS '
YEON BUILDING, PORTLAND, ORE.
Telephone Main 8183
San Francisco Seattle New York Los Angeles
Kansas City, 171 cars; St. 1,otj!s, 59
cars; Winnipeg. 800 cars; Minneapolis, 285
cars; Chicago, SO cars.
LlYCrpooi Grain Market.
LIVERPOOL. Sept. 23. Corn, closed
lower. Oats easier.
Minneapolis Grain Market.
MINNEAPOLIS, Sept. 23. Barlay,
7c.
Flax, No. 1. $3.2303.25.
739
Taluth Linseed Market.
DULUTH, Sept. 23. Linseed, $3.1S3.26.
Grain as San Franelseo.
SAN FRANCISCO, Sept. 3. Oratn
Wheat, $3.503.75; barley, $2.152.20;
oats, $2. 40 2 60.
Hay Wheat, fancy, $2628; light five
wire bales, 23(iy25; tame oats. 92325;
wild oats, $17?19; barley. 17&20; al
falfa, second cutting, $21 25.
Seattle Grain Market.
SEATTLE, Sept. 23. Wheat, soft white,
$2.43; white club, $2.42; hard winter, $2.52;
red winter, $2.43; northern spring, $2 51;
red "Walla, $2.30; Eastern Walla, $2. 40;
Big Bend bluestem. $2.60.
Keed Scratch feed, $83 per ton; feed.
wheat. $87; all grain chop. ; oats. u;
I sprouting oats, $64; rolled oats, $62; whole
corn. cracKed corn, rone a. duioj,
$72 ; clipped barley, $68.
Hay Alfalfa, 130 per ton; double com
pressed alfalfa, $36; ditto timothy, $42;
eastern Washington mixed, $36.
Dried Fruit at New Tork.
NEW TORK, Sept. 23. Evaporated ap
ples, dulil. Prunes, steady. Peaches, quiet.
Cotton Market.
NEW TORK, Sept. 23. Cotton Spot.
quiet; mkidlmg, 29.50c.
Wanted
Manager
For Retail Store
An established mercantile con
cern offers an opportunity for
successful man who has had ex
perience in managing department
or chain store, handling general
merchandise, to take charge of
sales and manage floor. Must
have ability to meet both city and
country trade and to direct sales
people. No buying. Exceptional
field for development. Prefer
man at present employed in simi
lar position. Address in own
handwriting, giving full data as
to- age and exserience. All in
quiries strictly confidential. AH
40, Oregonian.
1VF WILL SEtl.
1000 Alasa Pet. . Coal Co 17Vi
J00 Ajax Oil 4.50
f0O Bay State O. A 0 4
1000 Burke Oil 17 14
11(K) Gulfs Oil 1.15
3000 Hale Petroleum C) 12
500 Harvey Crude 514
5000 Invaders Tex 08
500 Kenncy Oil 39
1000 Mike Henrv 12
30OO Queets Tradins 094
lOOO Oklahoma. O. A R 30
20O0 Sammies Oil 12V6
100 Turman l..5
500 Woods Pete 75
Herrin & Rhodes me.
r ESTABLISHED S9a.
' STOCKS and BONDS-
Main gs.3.
Railway Kxrhanire Bldjr.
Members (:hiras;o Board ftf Trade.
AND
SAFETY
S
Our First Mortgages assure
to the Investor:
Abundant Security
Punctual Payment of Interest
Freedom from Care
Undiminishing Par Value
Available tn denominations of $100
and upward.
Western Bond & Mortgage Co
Main 113 80 Fourth St.
0
illlllll
'-W-s 'MUM
Jasper Avfiine, Edmonton, Canada.
V Offer, Subject to Prior Sale and Change In Price,
I $524,000 General Obligation 6 Gold Notes
I CITY of EDMONTON
(Alberta,
Yielding 9
Exempt From Domlmlon GTt Taxation.
Denominations stOO, $.V0 and flOOO.
Surrounded by some of the most productive farminff land In
the west, adjacent to an unlimited supply of lijrnite coal, served
by three transcontinental and several local railway lines.
Kdmoraton will remain an important Industrial. Agricultural
and Railway center.
I
"FIXAXCIAIj
Assessed valuation.
Value municipal property
Net debenture debt . 9,448, 97. 00
Revenue from public utilities (above cost of
operation) 767.773.00
:vet local improvement debt
In addition to being- General
secured by long-time debentures
Dated September 1, 1920
Maturities as Follows:
$178,000 Due Sept. 1, 1922;
. Price 94.62.
$166,000 Due Sept. 1, 1923;
Price 92.26.
$180,000 Due Sept. 1, 1924;
Price 90.11.
Telephone or Telefrraph
MORRIS BROTHERS Inc.
"The Premier Municipal Bond House"
rortland, Or Established Over a Quarter Century Seattle. Wash..
Morris Bids:., Capital Over Million Dollars No. 3
309-11 Stark St. Merchants National liank Bids;.. Ceatral Bids;,
ban Francisco. Cal.
7llll11IIIIlIllllIllIlIIIIIIlllllIIIIIIIIIIllIIlllIlllllllIIllllllIIIIIIIIIIIIIIIIIIllllIlIIIIIk
rEach month
a check for
One unusual feature of the 8 Cumulative Preferred
Stock of this big Oregon corporation is the fact that
Dividends Are Payable Monthly
An investment of $5000, for example, would bring
you in a check each month for $33.33.
8 cPutrivde Stock
LOregon Pulp & Paper Co."
Capital $1,500,000
Preferred $600,000 Common $900,000
Privately subscribed at par $1,300,000
Price 100. Par Value $100
Paper making is very profitable.
This company has capacity contracts.
iimbafiiieiisilriis
Lumbermens Bldg.
We offer
Argentine Government
External 4
Sterling Bonds
These bonds are the general obligations of the Govern
ment of Argentine Republic and are payable both prin
cipal and interest in London Exchange.
Price $415.00 per 200 (Par value $974.00)
Your day to day yield at the present approximate price
of exchange of $3.50 per pound sterling is about 6.70
and will increase up to 9.38 when exchange goes to par.
Your principal will increase from approximately 78 -to
134, depending on the price of exchange at date of
payment.
In our opinion these bonds afford the safest long-time,
high-yield investment now obtainable.
Wire or write for full details.
I Pevereaux &(5mpany
INVESTMENT BONDS
87 Sixth Street Broadway 1012
Ground Floor Wells Fargo Building
hi -r- a , n
: . -x tr-v i
.111111!:
Canada)
13
rt
STATEMENT"
.$$6,605,715.00
(not including; public
11.035,376.00
3,046,763.00
J
Obligation Notes, these are
totaling $2,594,420.00.
Principal and semi-annual in
terest (March 1st and Sep
tember 1st) payable in Gold
Coin of the United States in
New York and at the offices
of Morris Brothers, Inc.
Orders at Onr Expense.
$3333
gEBBSSB9
and recommend
Co.
Portland J4.o36.634 $1,527,554
PHONE YOUR WANT ADS TO THE OREGONIAN
1
4