THE MORNING OREGONIAX, FRIDAY, OCTOBER 1 1020 BULK OF APPLE CROP IS STILL No Speculative Buying Dealers This Year. by MONEY NOTEASYTO OBTAIN About 2 0 00 Cars Disposed of by Growers, Motl.v to Kujcrs Who Have Actual Orders. Th apple buying season in the Pacific northwest is late. At this tiinn lat year the niarKet was well advanced and a larj-c proportion of the crop had passed from growers hands, principally to dealers on a canh ba Credi is were easy then and money could be borrowed to finance tho purchases. This year the . situation is entirely dif ferent. No purrhasofl were made during the early part of the season. Restricted credits, last years Josses and reports of a iarve eastern crop all tend.d to make buyers cautious and completely eliminated spfrulation. Now, as the picking stH.'on approaches, more f. o. b. sales are beinc made, but generally these are confined to dealers who have actual orders from handlers in consuming markets. From reports of sales received by the Spokane office of the bureau of markets and an estimate ob tained by personal investigation, from l.ViO to -000 cars have been actually sold on an f . o. b. basis. Shi ppinj? organizations handling apples for the growers' accounts have under contract a fairly large pro portion of the crop, but it is safe to as sume that approximately three-fourths of the production is still in growers' hands. Generally speaking, growers seem unwilling to sell at the prices being offered. Recently growers throughout the north west sold their crops at $2.75 for Delicious, to J-..10 for Newtown and Spitzen bcrgs. for Wlnesnps. $2 to $J.I0 for S layman s. Homes and White Winter Pear mains, and $2.10 for Jonathans. These prices represent the extra fancy grade, generally medium sizes. The two lower grades, fancy and C grade, were sold, re spectively, at 25 and 50 cents less than the -extra t'ancys. . F, o. b. sales to dat for future delivery have ranged $2.13 to $2."0 for extra fancy Jonathans, with most sales at $2.25 to $2.35; extra fancy Delicious. $2.75 to $3, mostly Grimes, $2.25 to $2.00; New- towns. $2.15 to $2.25. Few sales of Wine saps have been made, but reports so far Indicate a range of $2.25 to $2.50 for extra fancy. The uual 25 cents- differen tial prevail for the two lower grades. Total shipments from the fotir north western states will be somewhat less than Ia.it year. , Shipments from the Hood River and White Salmon districts are esti mated at approximately 00 per cent of last year, while the- Rogue River valley will not have more than- 40 per cent of what was shipped last season. The Walla Walla section has an excellent crop of De licious, but a total yield of only about 50 per cent. The Wenatchee valley crop is estimated at about 0000 cars. A late frmze and shortage of water have combined to re duce the yield. Because of the water short age there w ill be a comparatively large proportion of smaller sizes, but the fruit la well colored and comparatively free from disease or insect injury. The pro portion of the various varieties Is approxi mately the same as last year. In the Yakima valley, while the total yield is somewhat less .than last season, the ab sence of worms and scale and the good yield of Wincsaps will tend to increase the proportion of shipments, and it is possible that the total number of cars will not be materially less than last year. Idaho and Montana have good yields. WHEAT MARKET HAS SHARP DROP Bid Are Reduced 4 to 10 Cent on Ixcal Kxtbane. The big break In the eastern wheat mar ket was reflected in the northwest by a sharp decline In bids. The result was a tightening up in the country districts and a practical stopping of all business. There wre no sales on the local board, but at lh Seattle exchange 55.000 bushels of club changed hands at $2.24 and $.25, a de cline of 8 to 9 cents from Wednesday s price. Club bids at the exchange here were reduced 0 cents. Other declines were 10 cents on hard white, 8 cents on Wft white, 4 certs on hard winter and 5 cents on northern spring and red- Walla. Oats were S0cH$..50 lower and brewing barley was down 50 cents. Keed barley and corn bills were unchanged. ; nod man estimates the corn crop at 8,213.000,000 Lushels and the oats crop at 1.520,or0 biiFhels. Weather conditions in the middle west, as wired from Chicago: 'Killing frol reported at Valentine, Neb -North Platte and Sioux City. Generally clear, frost in Iowa and parts of Indiana and at Omaha. Rain in Chicago and Milwaukee. Forecast: Heavy frost pre dicted for greater portion of grain belt." Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat Barley Fir. Oats Hav Portland Thursday 7tt V car ago 35 ... Season to date. . .4 47 Year ago 2i':t 15 Taroma Wed 54 ... Yea r ayo L'ft ... Season to date... 1121 25 Year ago IHit 0i 1 ISO 224 0 375 51 & 70!i 224 51 253 271 Seattle Wed 4rt ... Year ago 7 1 5 1 fi Sanson to date ...11(14 R( 03 l8 .r. Year ago .1033 10H V.0 lsj 402 ENGLISH BREAOSTl'F F$ STOCK LA ROE Canadian Offers vArc Lower Argentine Conditions Are V nchangrd. Stocks of wheat and flour in the United Kingdom are large and merchants are not buying heavily of foreign sorts, cabled P.roomhall yesterday. Canadian offers are lower and picked up in small lots. Argen tine new crop conditions remain unchanged, with the weather again f ijie throughout the central and southern provinces, where the bulk of wheat is almost in the milk at age. With two or three months until harvest, it is imponwible to estimate the likely yield per acre, but some reliable experts are looking for a decrease com pared with last year. A later report says the wheat crop haa greatly improved in some nouthern sections. India will export a little over 15,000.000 bur-hela of wheat this season, beginning October 1. The government wheat purchasing com-mtst-ton at Brussels, Belgium, has fixed a minimum purchasing prire for native cereals to be effective up to January 15, .1021, according to the American consulate there. The established prices are as fol lows: Wheat, $ 1.00 per bushel; mas-lin, $0.2U per pound; rye, $1.38 per bushel; spelt, $0.02 per bushel. The above prices a re based on rate of exchange prevailing on September I. MARKET FOB FI.OI R IV SWEDKN Government Monopoly lKolveI and Prices No Longer Regulated. A good opportunity exists for introducing America n flour and cereals, especially wheat, into Sweden. according to the American consul-general at, Stockholm. The flour monopoly in Sweden was dis solved on August 31. leaving commerce in flour and cereals entire I y free and wi th ou t regulations governing prices. There is also a good market for Ameri can flour in Brazil, according i a report of the American conaui at Bahia, Brazil, UN50L Di dated August 11. 1120. During the first fri months of the current year, 1'J.212 bags of flour were imported. 502i bags coming from the United Slates. These bags each contain 07 pounds of flour. The require ments for the conring six months will amount to about 100.000 bags. The present retail price of flour In Bahia Is between $10 and $10.50 per bag IT. S. currency). TOP .RAIK Bt TTKIt HKIAJA W KIA Supply la Not lirgc and Price Are on steady Bttoi. The bu Iter market was steady and un- 1 changed. The bet grade of cubes was I scarce and In demand, but there was not much interest in lower grades. Print trading was fairly active. The egg: market was firm and receipts were ma il. Quota! ions arc gradually be ing raised and -but Tor the downward tn nd of many other food commodities the market would doubtless have a sharp -advance." The slacken In? of demand is ve ry evi dent in the poultry and dressed meat lines. H eavy hen a sold lower at Jttgi&c and light hens at IS 20c. -Semi -de-moralized condjt ions til I prevail in the veal and porn markets. 1'ank Clearing. Hank clearing oT the northwestern cities yesterday were a follows; t:ie;i rings. Balances. Port ;and $5.4:5,44 0 $ 1 . 1 L's.2 Ifl Seattle ,5tS4.4U7 1 ,772. MMl Tacoma 075. 5i lo,4-V ripiK;uie 2,20.42:1 MM.004 Total Portland bank clearings tn ciep- tetn ber of th is and former years were : Kj 1 ; i it I ! 1 S un ion; 1 ! 1 1 . l!M t lit 1:2 isu i 1 ! 1 II 1J!) . . . .1S. 34(1.401 . 171.4ll."i.:M 1 J-..:;;)4..'dS i;i;.74:;.7 . . . . 5h,!i:t.j.l'37 4.47.'i.7lw 4S.4J3.fiB.j ."4,.s37.a8 .-.1. ll-l. 344 4'.i.i;;i ,h . . . . 4l.ltsu.573 . . . . 34.307.W7 I'ORTLAM) LlKKbT QUOTATIONS Grain. Flour, I-Ved. Etc Merchants' Excban.'e, noon seualon.. -Hid Wheat Hard white Sou whUe . White club Hard winter Sept. Oct 2. 3') Nov. A. . Northern spring ....... .... Ked Walla Oats No. 2 white No. 2 gray Baney Brt-wing Stanuar J feed Corn No. 3 i. yellow, ship. . .51.50 Millrun 50.00 Corn No. 3 yellow, delivery 2.2t 2.1'( .i.lU 4.V00 4(3 50 42.0-J 47. .10 43.0O 47.50 45.O0 40.00 48. -.3 48.00 42.00 9.00 48. OO KLuUK Family patents, 12.ttO; baker's hard wheal. $12.25; baker's bluestem, $12; valley. $lo,50; whole wheat, $10 80; gra ham, yio.oo. Ml LLI'EKD Prices f. o. b. mill: Mill run, $57 per ton ; roiled barley, $58 g 61 ; rolled oats. $50; scratch fted, $7S&7U per ton. CORN Whole. $67 C8; cracked. $70 71 per ton. HA V Buying price, f. o. b. Portland: Alfalfa. $23-24, cheat, $2122; clover, $22; valley timothy, new, $27(28. Iairy and Country Produce. BUTTER Cubes, extras, 50 rg 00c per pound ; prin ts, parchment wrapped, in box lots. 03c per pound ; cartons. 4c ; half more; butterfat. No. 1, r.Wffi tiuc per pound at stations; 04c Portland delivery. KciGri Buying price, case count, 63c; jobbing prices to retailers; candled. 05gi liOc ; selects, 70c. CHE Tillamook, f. o. b. Tillamook: Triplets. ;Ic; young America. 32c. POL'LTRY-len.s, lS(a2Sc; springs, 2S 30c ; ducks, 25 fu 32c; geese, no-mi nal ; tur keys, nominal. PORK Fancy, 20c per pound. VEAL Fancy, 20c per pound. Fruits and Vegetables. FRUITS Oranges, $8.25 0.25; lemons. $5 5.50 per box; grapefruit,- Z per box ; ban a nas. 12 g' 13 Vjc per pound ; ap ples, $1,601(1.3.75 per box; cantaloupes. $2.75 per crate; watermelon. ltX2c per pound; peaches, $1.502.40 per box; ca- sahas, 2 -i y 3 '-j c per pound; grapes, $2.50 h'3 per crate, 104rl5c per pound. 35c per basket; pears, $2.50& 3 per box ; prunes. 355e per pound; huckleberries, 2022c per pound ; cranberries, $5.75 fa t per box. V KtlETA B LBS Cabbage, 2 & 2 a per pound; lettuce, $2W2.50 per crate; cucum bers, -50 ftp 75c per dozen ; carrots, $2.5u per sack; horseradish, 25c per pound ; garlic, 30c ; tomatoes, 40cfl7! $1 per box; beets, $3 per sack; turnips. $3.50 per sack; eggplant, 0 ,fi 1 2 c per pound; green corn, 25 40c per dozen; sprouts, 15c pound, POTATOF.S Oregon, $2.50(& 2.75 per 100 pounds; Yakima. $2.75ftj3'. sweet potatoes, GO'-l-o per pound. ONIONS California brown, $2 ftl 2.25 per sack; pickling, S'frlOc per pound. Staple tirnceries. Local .lobbing quotations: SI.' OA R Sack basis: Cane, granulated. 15. 30c per pound. HONEY New, 7.50fTS per case. N UTS Walnuts, 22gr38c; Brazil nuts, 35c; filberts, 30 fa 35c; almonds, 35c; pea nuts, 1 4 ftj 1 5 ',-jc ; cocoanuts, $1.75 per dozen. RICK Blue Rose, 1 4 c per pound. BEANS Small white, 7 He; large white, 7 ?5c; pin k, 8 He: lima. 12 c per pound ; bayous, llic; Mexican reds, 10&c per pound. COFFEE Roasted, In drums, 25ftJ40- per pound. Hides and Pelts. HIDES Salt hides, all weights. 11c per pound ; green hides all weigh ts. 0c: green or sa It aif, under 15 pounds, 1 7 2t5c; green or salt kip. 15 to 30 pounds, 15c; salt bulls. fc ; green bul Is, 7c ; dry hides. 2jjc; dry salt hides, 15c: dry calf, under 7 pounds, 25c; salt horse hides, large, $4 each ; medium, $3; small, $2. PELTS Dry long fine wool pelts. J2He per pound ; d ry long medium wool pelts. 10c per pound; dry coarse long wool pelts. He per pound, salted short wool pelts, 45c to 55c each; baited lamb pelts. 50u to 05c each. Provisions. Local .lobhing quotations: HAMS All sizes, 42 (& 40c; -skinned, 41 40c; picnics. 25c; cottage roll. 35c. LARD Tierce basio, 23c; shortening, 20c pr pound. DRY SALT Short, clear backs, 25 27 per pound : plates, 24c. BACON Fancy, 4titf5Sc; standard, 32 & 42c per pound. Wool, CuHcara, Ktc. MOHAIR Long Staple. 2 5c per ppucd; short sta p'.e, 15c per pound. TALLOW No. 1, &c per pound; No. 2, 5c per pound. . CASCARA BARK Per pound, gross weights, old peel, UVic; new peel, SVsc per pound. WOOL All grades nominal. HOPis Oregon. 1920 crop. 45c per pound Oils. i'i.st-i''L kaw. narre s. si H4: drums, SI. 01; cases. $1.00. Boiled, barrels,' i , uiuiii.-, ? i . cases, i . i i. TTJ RfEXTI N E Ta n k s. $1.96; cases, $2.11. FUEL OIL Bulk, $2 10 per barrel. COAl. OH- Tank wagons and iron bar rels. t7c; cases. S0:7c. FUKL. Oil. Bulk, $2.35 per barrel. GASOLINE Tank wagons and Iron bar rels. 2ic, cases, 41 lie. taval Stores. SAVANNAH. Ga.. Sept. 30. Turpentine, steady, $ 1 .2 t rq. 1 .30 ; sales, 0U7 barrels; re ceipts, 057 barrel ; sh ipments, 2J4 bar rels; Mock, 15,754 barrels. Rosin, firm;- sales, 007 barrel's: receipts, 102 barrels; shipments., 511 barrWs; stock, 5:1.624 barrels. Quote: B, $11. 30; D, E. F. H, I. K, M, $11.40; N, WG, W W-, $11.42 ', . WHEAT HELD IN STORAGE Washington Association Wails for FloKer 1 rices Before Selling. SPOKANE. Wash., Sept. 30. (Spe cial.) The Washington Wheat Grow ers h ssociat ion Lis approximately J l.o. 000 bushels of wheat in eastern Washington and Idaho warehouses waiting for a favorable wheat maruet price before selling, accordinpr to in formation Riven out by Georpre C. Jewett. newly chosen president of the association. "The present market price of wheat .ranges from $1.24 to $1.65," said Mr. Jewett today. "We hope for ISetter prices before selling." Mr. Jewett declared .that the farm ers are joining the association in Urge numbers, the total number of bushels of this year's crop sisrned up for sale through the new organization being about 2.&00.000 bushels at the present time. PACIFIC RAILS HIGHER UTIMTIKM AI,SO . STTlO.XtJ NEW VOIJK MMtKET. Industrial Shurc Ix.U'inl Their Previous j-iowes -VlotHl Com- modi l) Prior Weak? ning. NEW YORK. Sppt. :;n. In Its essential characteristics today's stock market trav ersed the ground made familiar by the last fortnight. Industrials extended their h-sses, wh Me rails and utilities were rela tively strong. Further downward price revision and curtailment of operations were noted in several important lines, especially the auto mobile industry, and advices from steel Ct liters strengthened the Impression of im pending price concessions by independent manufacturers. Selling agents of tne lead ing cepper companies were reported to be c fferii.g -the refined product at a fraction unriet recent prices and other base metals were quotably lower. Eq utpment shares eased w ith steels, despite belief that the transportation com panies are com p biting plains for purchases of large quantities of materials in the final quarter of the year and oils were les; resilient than usual. The only noteworthy feature was an -arly drive against the shorts in ruetble Steel, which carried that stock Si points to 135. the net gain, however, being only 1 points. Kails made their highest quota t ions In the last- hour on a brisk inquiry for sea soned issues of the Pacific and granger di visions at net ad van-es of 1 to about 2 pf-ints. wh ile secondary rails also hard ened materially and specialties sustained additional losses. Sales were i25.000 shares. Call money opened at- 7 per cent, rose to 8 in the early afternoon and closed at i. the maximum rate of the past few wee ks. Foreign exchringe. especially London and Paris rates, continued to react. Cf-n vertible railway bonds were active and strong. liberties were irregular and foreign Issues featureless. Total sales, par vi.iue. $l!i.000.00. Old United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Am Beet Sucar 1.O00 American Can I.oimi Am far &. h'tlv S(H Am H A L. Vfd 2.4IHI Am Inter 'orp l.!i0 Amer Loco... 1.4(M m Smt & Rfg 2. 4i) Am SiiRar.... 4,soo Am Sum Tob 400 Am Tei & Tel two Amer Woolen .4m Am Z L & s. . 1110 Anaconda Cop 3.2041 Atchison a.xoo Atl Ac W In Italtl & Jjoro.. 21.40K Halt & Ohio.. 10.(500 Hethie Steel B 14,2110 Rut A- Sup ("op 2MO Cal Petroleum Slid Can Pacific.. II.400 CVn l.eathf-r.. fi.Ttm Chandler Mtrs 2. son Chea Ohio. . 3,000 Chi Mil & St P l.-.i;im Chi & North.. 3. loo Chi R 1 & Pac 17.2011 Chir.o Copper 200 Corn Products 4.2O0 Crucible Steel 8. sou Cuba Cane Suit l.Titlo :':! " 3 53 lOi-j 4 50 ' .'. 1074 so !7Vz l:u s lit'. 71 tt:t '4 r.s . liir. lo '.4 71 4 !i3 I'!.". '.3 !75, 71 '4 -.l ?4 sr. 142 ll(7',i 4.". H!l 1!ti 1 I ! -4 i''- 7. " 7 2 S2 1 2 S i. I ! "4 141 i, ii-, s:: . :i:p- S!(", 14 t 71 -17 - u. 24 22 - 102-4 is:: 'a 111 34 37 4 2l 60 V, II i 7714 ! 84 4 2S S7 42li Vi O.S'i 7.-. '4 .84 4 8 hnu 97 31 Vi ,-. v. 46v4 3M ti; 11 J2.:s 4x4 SO Ur 75 Vi ! 8 "4 60 S2'4 411 10 so 142 !!!( 3 4t;i, 7o U Ui -7 44 Ti 77i 67 --k lll'i 77 V. 40 3. -' s:s ',i i:t.-, iI7 141 -4 is-- !1 4.-,3i Tlm SO 142 3 07 -Si 40 li'.l'i '4 122 43 'i 40 :t'. 2(1 824 130 .- 10 a 141 14 16Vn 82 3 3 V4 ."0 Vi 44 V 71 17 74 72 24 3 102 184V4 1!) 14 Vi 37-4 21 -"i 60 '4 78', 35 OS 85H 4 '4 28 87 H 42i 38 14' H3 54 734 84 4 Krie 11,400 C.en Klectrfc. . 3U0 Oeneral Motors 40.OUO irt -North Pfd 4. SOU Crt N Ore ctfs boo 1 llinoiB Cen ... 1 .900 Inspll Copper. l.iioo Int M Ma Pfd 2.3HO Interna Nickel 2.SUO Interna Paper 2.000 a K11 C:y South 2.4UO Ken T'opper. . 4.200 Louis A Nash 200 Mex Petroleum 29,ro0 Miami c'opper 400 Hid states OH 9.0(H) Mtdvale Steel. ' 3, 000 Missouri Pac. 6.3O0 Montana P01 l.iHM) Nevada Copper " 200 X Y Central.. 12.30 N Y N H & H 7.7UO Nor & West 3410 North Pacific 5.100 Ok Prd & ntg 2.400 Pacific Mail.. loo Pan-Am Petrol 21 .00O Pennsylvania.. I.200 Pitts & W Va S.400 Ray Con Cop 300 Reading 14.00 Rp Ir & Steel 7.30H Royal D X Y 3,000 Shar Az Cop. 10o Shell. Tr Vfe Td TOO Sin O Rfg. . 13.7(10 South Pac... 13.KOO Southern Ry. . 16,rtOO S Oil N J 3110 Stude Corp. . . . 1fi.3(M Texas Co 25,0(10 1 lS7,i 14 Ti 3.S 11 7S-T, ar. Sr. 41 S!U 4 -. 141i !4 74 S r.3 s S-J f.:ir4 .-. 48 t!7Vi r.'a; 12.-. -- '4 si '.i 701 70' S7 47 1 1 M 30 98 '4 31 34 .1" 4 47 1 1 2 3 24 4Sii 81 75 14 70 SO 1 00 vi 60 2Vi 40 11 0fTi f)5 I Tex & Pacific 4.600 Tobacco Prdts 1.0OO Trancon Oil . . 2.00 L'tiion Pacific 3. 400 V H Kd Prdts. 5.2O0 U S Ind Alco 1.2O0 U S Rubber.. 0.1OO IJ S Rtl Stores 4.ROO V S Steel .... 31.20O V R Steel Pfd 7"0 I tah Copper., l.fioo West t'nlon. . 200 West Electric l.loo Willys-Overld.. 30.000 BONDS. U S T.ib 3'-s. . .fM.inlAnplo-Fr 5f do 1st 4s 87..TOIA T & T cv 6s do 2d 4s . . . . S 1 . 1 0i A tch (ten 4s ... 77 do 1st 4 'is. . .8S .00 D 4- R 5 con 4s K7 do 2l 4'.s ....87.20 N Y C deb 6s.. H2 do 3d 4 Vis. . .88.50 N P 4s 77 do 4th 4 '. s. ..X7.02 .V P 3s 37 Victory 3is . . ."5.7(i'Pac T & T 5s do 4s (i:..7SPa con 4Vi.. U S 2s roc. . . . I01 V4 IS P cv 5s do courton ..'101 V. 1S0 Rv 5s.... U S 4s red 10.--1, u p 4s do coupon .."lof-!i'U S Steel 5s.. Pan 3s leg ....77 I do coupon . ,.77 ; B1d. 82 88 3- 81 U 93 Vi Mining Stocks at Boston. BOSTON', Sept. 30. Closing quotations: A llouez 23 (North Butte . . . 9 Hld Dom 23 55V-!Osceoia 35 276 IQulncy 45 9 (Superior 4 J4 34VjiSup & Boston.. 3' 9 M Shannon 1 i 2V2'1'tah Con 6V 26 'i Winona 35 3 (Wolverine 13 57 H ICreene Can .... 28 Ariz Com Calu & Ariz . . Calu & Hecla. Centeftnlal . . . Cop Range . . . Kast Butte . . Franklin . . - - -Itde Royalte . . I,ake Copper. . Mohawk Forrign Exchange Rates. Foreign exchange quotations furnished by Northwestern National bank, of Port land . Count ry. Austria, kronen , Belgium, franc , Bulgaria, leva , Czecho-Slovakia, kronen Prnmark, kroner . , Knvland, pounds sterling , Finland, Flnmark Rwte. .0O45 .11710 .0147 .0134 .1410 3.4075 .02K5 .0005 .0 1 5fl .1035 .3115 .OW13 .04 17 .00M .1425 .1700 .0106 .034 5 .1405 .1000 .1605 .7550 1.10 France, franc Germany, marks . . . Orcece. drachmas . . Holland, guilders . . Hungary, kronen .. I Italy, lire J ugo-SIa via, kronen I 'vr.1....P i - Portugal. Escudos "Roumania, lei Serbia, dinara Spain, pesetas Sweden, kroner Switzerland, franc China Hongkong, local currency China Shanghai, taels Japan, yen .5150 NBW YORK. Sept. 30. Bxchange easy. Sterling, demand, $3.40 i; cables. 3. 47 ; francs, demand, 0.OO; cables. 6.02; Belgian francs, demand. 7.00; cbls. 7.02; guilders, demand. 31.10; cables, 31.20; lire, demand, 4.13: cables, 4.14; marks, demand. 1.50: cables, l.OO; Greece, demand, " 10.23; New York exchange on Montreal. 8 per cent Money, Silver, Ktc. NEW YORK. Sept: 30. Prime mercan tile paper unchanged. Time loans, firm, unchanged. Call money, strong; high 9 per rent; low. 7 per cent; ruling rate 7 per cent; ci '.?! ng Pia. a per cent: offered at 9 per cent: last loan, 7 per cent. Bar silver Domestic, unchanged ; for eign JJ2C. Mexican dollars unchanged. LONDON. Sept. 30. Bar silver. 50,d per ounce. Money and discount unchanged. Stock Kxelmnge Due Raised. NEW YORK. Sept. ."0. Members pf the New York stock exchange have approved an amendment to the constitution increas ing dues from $300 to $1000 a year, it was announced today. Swift A Co. Stocks. Closing prices of Swift & Co. stocks at Chicago were reported by Overbeck Cooke Co. of Portland as follows: Swift & Co to Swift In t ernational 30 l.lbby. McNeil A Libby 12 National Leather 10 Coffee Futures Quiet. NEW YORK, Sept. 30. The market foT coffoe futures was rery quiet today and prices fluctuated, within a. range of four to five points. TSie opening was four ; points lower on November, but generally : unchanged to one point higher and after : selling at 7 5c. December rallied to 7.70c. 1 while May fluctuated between 8.33c and X.400. The close was net three points higher to four points lower. October, 7.22c; December, 77c; January. 7.8 lc; March, s.lftc; May. 8.34c; July, 8.54c. ! Spot coffee, nominal, unchanged; Rio '7s. 7 rSc; .Santos 4s, 12 $f 13- c. Metal Market. NEW YOR K, Sept. 30. Copper, weak : electroly tic, spot and jiearby, 18-& lWi c. futures, nominal, Iron, steady, unchanged. Tin. easy; spot and nearby, 43V; rufurcs. 43.25c. f Antimony, unchanged. Lead. wfak; wpot, 7.uOfi 7.75c. Zinc, easy; East SL Loui spot, 7 50 7.70c. NEW YORK, Pept. 3o.The American Smeltin g & Refining company today re- dmed the price of lead from 8 to 7; cents a pound. HIE HALF- L AXOTHKR.50-CKXT DEtLIXK AT locAl STOCKYARDS. Top iratle Is Quott-d at $16.50 Kcocipts Tor Day Small Cat tle and Sheep Steady. There was only a small run of hogs at the stockyards yesterday, but the market was very weak, in sympathy with declines tn eastern hog markets. While a top of $10 5o was cjuoted, a decline of 50 cents from Wednesday's level, no sales were reported during the day at over $ 16.25. In other respects the market was steady. There was little doing In cattle, but sheep and lambs were fairly active. Receipts were 70 cattle, 3'i calves, 167 hogs and 33 sheep. The day's sales were as follows Wt. Price I Wt. Price. 2steern. 1055 7.50 2calves... 130 12.75 (1 steers. 071 H.nu'12 hogs. . . . 105 10.00 3teers. HS3 . 7.50' 4 hogs.... 275 J 14. 25 4 steers. 1212 7 75 03 hogs . . . . 1S1 10.25 3 steers. 1070 S.0O N hogs. . . . 228 10.i)t 2-eow.. JM5 B.5o12 hog. 1 ." ! 10. oil 2 cows.. 1MMI 4.0(i 4 hogs.... 145 14.25 Itow... 94o . 5.0012 hogs. .. . 100 ltt.25 Icow... S70 4.001 4 hogs 182 JU.O0 16 cows. . Ku7 .50 l hog. . . . 2oo 15 50 4 cows.. no7 0.501 1 hon 210 15.50 lcow... 750 5.50! Hhogw.... 203 15. 0H lcow... 1270 4.50 a hogs . 250 14.5 2 cows. . Ono 5.50' 3 hogs. ... 173 Hi 25 1 cow. . . 100 4.UO 15 hogs. . . . ISO 1,25 50 lambs. 74 i.00 2 hogs 155 15 25 7 lambs. 7 7 O0 5 h-gs. . . J 50 1O.0O 12 lamhK. S3 9.O0 2 hogs.... 280 15.50 7 lambs. 01 7.5o' lo hogs . . . . l!ft 16. OO 12 lambs. Mfl 8.00; 5 hogs. . . . 146 10. 00 235 Jambs 71 H.501 5 hogs. .. . 1 M4 15..iO 243 lambs M 8.25! 1 hog.... 370 13. 00 21 lambs T4 8.251171 wethers f2 6.25 1 calf . ... 100 W.OO! 122 wethers .0 6.25 lcalf... 320 8.50' 4 ewes.... 122 5.50 lcaJf..." 150 15.00! 4yearl.... 125 6.00 The following are livestock quotations at the Portland L'nton stockyards Cntt; Price. Choice grass steers Good to chjice steers... . .$ ft OO'dtlO 00 . . 7.75'fl 9.00 . . 6.75W 7.75 0.25 'ft 6.75 5.75& 6.25 Medium to good steers Kair to good steers Common to fair steers Choice cows and heifers Good to choice cows heifers. Fair to medium cows, heifers farmers Buils Choice dairy calves Prime light calves Allium light calves Heavy calves . . Bt-si feeders Hogs Prime mixed 6.7T. tit 7.50 5.75 6 75 3.75W 4.75 2.75-fiii S. 7-i o.OOffj) H.O0 . . 13.00& 15.O0 31. 50 Apia. 00 . . 9.O0 ro 11.00 . . 7.00 ra, 9.00 5.50 6.50 . . 16.ontrlA.no . . 15.50I& 1B.OO .. 15.noff 16.00 . . 12.00 14.50 . . 12.00 'g. 14.75 . . 9.50 10.50 . . 8.50 9.50 8.0Ovii 9 50 6.00 fft 8.50 . . 6.50'n) 7.50 6.00 ra 6.50 . . 2.25'oJ 6.00 Medium mixed Smooth heavy Rough heavy Pig Sheep East of mountain Iambs Va Iley lambs Feeder lambs Cull lambs , Yearlifgs ., Wethers , E wee ' - Chicago U vet took Market. CHICAGO. Sept. 30. -Cattle Receipts 13.OO0, market opening very dull, few early sales. Choice steei slow at $17118; other grades weaker; kosher cows, $ 8. 751 0.50; canners. f 4 4.50, about steady: medium cows, $61$ 8.25: bologna hull. $06.75; veal calves, mostly $176 17.50, lower; feeders very draggy. Receipts of , westerns 3000, market weak. Hogs Receipts 21.000. uneven, mostly 40 to 60 cents lower than yesterday's average. Top $16; bulk light and butchers, $ 15.2ft $ 15.90; bulk packing sows, $14(14.35; pigs, 50 to 75 cents lower. Sheen Receints. 37.O0O. oxirempTv clnw lambs 25 to 50 cents-lower. Strictly choice westerns orierea at 513.75: choice natives $12.75 to city butchers; bulk natives. $11.50 (a i 2.'5 ; sheep weak to 25 cents lower: fat native ewes largely $55.50; feeding ewes tower; nest reeding lambs around $13. Omaha Livestock "Market. OMAHA, Sept. 30 Hog Receipts 4000 mostly 50 U ,75 centa lower. Bulk, $14. iW mr h.hj, top jia.a. Cattle Receipts 3800, market dull. Fed steers weak, others and she stock mostly 15 to 2iV cents lower; canners, cutters and veals about steady; stockers and feeders slow, 'unevenly lower. Sheep Receipts 28,000. few early sales maae; mas on iambs mil 25 cents lower sheep 25 to 50 cents lower; feeding sheep anu iambs o to au cents lower. Kansas City Livestock Market. KANSAS CITY. Sept. 30. Sheep Re ceipts J 1.000, very slow. Sheep about steady; w estern lambs mostly 25 cents lower, $12. to paid ; best unsold. Seattle 1.1 v en toe k Market. SEATTLE, Sept- 30. Hors Receipts none, steady. Prime, $ 16.50ir 17; medium to choice, $15. 50 1 fl.50; smooth heavies, $14. 5015; rough heavies, $12.513; pigs, $13W 14.50. Cattle Receipts 47, steady. Prime Steera. $9.50 th 10 ; medium to choice, $8 (&9 ; com mon to good, $0'S7.5O; best cows and heif ers, $7.25t7.75; medium to choice, $0!i7; common to good, $4.5O0; bulls, $4&5; calves, $715. SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetable; Fresh Fruits, Ktc. at Bay City. SAN FRANCISCO, Sept. 30. Butter Extra firsts. i Vi c lb.; prime firsts, 01 MjC. Ciggs rref q extras iwc aozen; airttcs. tJ2c; extra pullets, 05Vjc; undersized, 521,c. Chees Flats, fancy. 3&c ib. : firsts. 2dc: Young Americas. WjC Vegetabiea eggplant, lug, 60 75c; Summer squash, lug, 50cifi$ 1 .00; potatoes. street , prices, rivers, $2. 00(2. 0o; sweets, 4c lb. ; beans, 5 fir 12 Vie. lb. ; bell peppers. lug, 5075c; 'chile, 0075c; cucumbers, lug, 5Ofr$1.0O; celery, lug. 50 1.00; cel ery, crate, $4.ooa.uu; green corn. sack. $2ftt 2.50 ; cauliflower. SI dozen ; cab- b.Lge, 1 hi c lo. ; Deeis. carrots ana turnips. $1.752 sack; tomatoes, 40?76c; onions, yellow, 90c$l; brown, $11.25; white, $1.50C'2. Poultry Hens, large colored. 3740c lb ; small. 30(tf33c; White Leghorn, large, 23 31c; sma.ll, 22 2ftc; strict IV young roosters. 3S6MOe: old 21 23c; fryers. 30 ft 41c ; broilers, 48 Q 50c ; e it a tern poultry. hens and roosters, -sue; aucka, i(&)30o; pigeons, old, $3.00(g3.50 dozen'; - au.ua bs. 0uro05c lb; Belgian harea, J8(22c Fruit Strawberries, K5c& $1.25; rasp berries, 65fe &5c; blackberries. $'i 10; cantaloupes. SI. 25 2.imi; flats, 50 'n 05c; watermelons, $1.503.50 dozen; honey dew, j U5c5c; Valencia oranges, $0.507.50; lemons. $2.O0&4.25; grtrpe fruit, $3 0u) $4.50; apples. Belleflowers. $1.50y 1.00 box; peaches, $1.251.75; -plums. $1.25"d2. pears, Bartl-ett, $3.504,50; figs, $1 & $1.50; grapes, $1.75(2.25 crate; bananas, 10 folic. Receipts Flour. 1504 quarters; wheat, lOOO centals; barley. 4t34 centals; ' beans, 2513 saeks ;- corn, 2050 centals; rye, 1 30 centals; potatoes, 4233 sacks; onions, 13. 025 sa-ks; hides. 70 rolls; livestock, 285 head; oranges, 1000 boxes. t " Fa,stern Dairy Produce. NEW YORK, Sept. 30. Butter steady, iienanged. E:gs irregular. Fresh gathered extra firsts, unchanged; firsts, 57liOc. Cheese unsettled. Slate whole milk flats, current make, white and colored specials. 28 1 29 Vtc; state whole milk twins, current make specials 2SVt28Vfec. CHICAGO, Sept. 30. Butter higher. Creamery, 44' 5Sc. - Eggs unchanged. Receipts 7040 cases. New York Sugavr Market. NEW YORK, Sept. iiO. Raw sugar, weak; ceatrifugal , 0.75c; refined, quiet; fine granulated. 13. flow 13c. - Dried Fruit at New York. NEW YORK.. SepK 3k. Evaporated ap ples, doll. Prune, ''easy. Peaches, quiet. Cotton Market. NBW YORK, 'Sept. 30. Cotton," epot, quiet; middling. 20.60c. . - HE WHEAT LOWER LA II (i K AMOt'.NTS PIKCHASED BY AMKIUCAX M I LLKK. . Had Slump In . icii2 Market. K.mh'1 HuUi Meets Willi, ' Serious Setback. " cjj ICAtSo, spt. ."hi. -ntg puri'iaing of fa nadian w heat by m illcrs In 'the United States had a good deft I to do with a severe break in wheat here today. The market closed heavy. 7 Vs toUAC net lower with Dec t m b r $2.TiM 2.17 and March $2.1o4 '2.11 .' Corn finished 5'.:c down to 1:0 advance, oats off Jii-lRic to 2'i0 and proi?ion6 unchanged lo 50c lower. Selling premrure In wheat came largely from houses, with northweatrn connections and this appeared to give special emphatic to word that further large amounts of Can ad ian wheat had been bought to come into the Cnited States, besides the quan-! titles announced yesterday. At the unie time, export business from thi country i was said to have met with a rheck. Swiss, tierman and French buyers asserting they werefc ofiered wheat cheaper elsewhere. ; India wa said" to have rolcasd 14,00.oo0 hue he is for export, notwithstanding recent advices of widenpread starvation there. Estimates that the l:20 corn -crop would exceed - the government forecast by S2, U00.OOO had a bearish effect on corn and ho did big refeipts and apparent absence of frost damage. Oats rell w ith other grain. Provisions were depreed by the weak ness of hogs and cereats. The Chicago market letter received yes terday by overbeck &, Cooke company of Portland said: Wheat Except for scattered accumula tion of buying orders over night, the sup port in the market was poor and the elling or surricient volume to Dring anoui l decline of more than lo cent from top price. The demand Tor cash wheat waj also plow and premiums easier, due to the tact that millers are receiving a good part of their requirements from Canada at lower prices. Advices from the seaboard nuftgested liberal buying oi Canadian wheat by exporters, but. no de mand for our wheat because of the rela tively high price. The Italian government was reported to have withdrawn from the market entirely. It was announced that India had released 14.000,oo0 bushels for export, which accounted for the British commission not being in the market. With an active export demand In this country, the holding attitude of farmers could hut find reflection in higher prices, but with the foreigner see-king stSpplles elsewhere, it la' apparent that we must necessarily readjust to a basis with other exporting countries. Corn FroJH the outset this morning the market was a disappointment to those who expected higher prices due to frost damage. To begin with, the frost re porta this morning were not as general as predicted, and with a few exception, th-e frost wasnot of a killing kind. Mu.Ti selling was indulged 'in in anticipation of a severe decline in cash corn tomorrow with the September no longer a sustain ing factor. Rallies were numerous but served only to reduce -t he outstanding short Interest the vulnerable portion of which apparently covered on yesterday s bulges. Oats This market was under pressure with other grain-s and not only futures but cash a well suffered sharp reduction. Receipts were estimated at 100 cars, a small increase, and met an insufficient demand. This market is In a weak posi tion and the fact that prices have broken In two since ea.rly summer is of no con sequence. Provisions Weak eanly on the waukness In grain arra decline In hog prices. Trade averaged Light until toward the close, when a demand sprang up. causing a sharp re action and short covering. Leading futures ranged as folrows): Vheat. - Open. High. "Low. Clos. Dec $2.25 $2 20 $2 15 $2.16 March.. 220 2 21 , 2.10 2.lO:i CORN. Serpt. ... 1.24. 1.30 3.27 1.20 Dec 97 V .OK .112 ' .92 OATS. Dec Sfita .58 .5U .5t; May 02 ,H2;?4 .00; .61 ME5S PORK. Sept 23 15 Oct 23.15 23.40 23 10 23.15 LARD. Oct 19.15 10.27 10.02 10. TO Jan 17.15 17.40 47.05 17.30 SHORT RIBS. Sept ... 15 50 Oct 1 6.00 10.00 H5.50 15.50 Cash prices were : Wheat No. 2 red, $2 J4; No. 4. red. $2.31 32. Corn No. 2 m ixed yeilow. $ 1 . 2S 'rf 1 .30 u, . $1.271.30; No. Oats No. 2 white, 55 ; whHe, 54 f(t 55 lAtf. 'c; No. 3 Rye No. 2, $2.082.09. Harle-y 83c$l. Timothy seed $67.50. Clover seed Sl&(&25 per cental. Pork Nominal. - Lard 110.15. Ribs $15.50 H 16.75. Mvrrpnol Barley Market. Liverpool, Sept. 30. Canadian No. 4 bar ley, September-October sold for 65s 3d per cwt. London. New York Wheat Market. NEW YORK, .Se-pt. 30. Cash $2.55 c. i. f. track. wheat. Minneapolis (.rain Market. MINNEAPOLIS, Sept. 3(. Barley, 67 "9 fl.Tp. Flax, No. 1, J.-..06W3.0S. TDluth LinHeed Market. ntTLUTH. Sept. 30. Linseed, J3 OSMi S14V4. Grain at San Franelwo. SAN FRANCISCO, Sept. .3ft. Grain Wheat. $"i.S0'g'4; barley, $3.050 2.10; oats $2.302.rn. May Wheat, fancy. 228; Hpht five wire bairn, $231 2.V tame oats. $232."i; wild oats, $17ff 19; barley, $17::(; al falfa, lat.r cuttings, $21 t23. Seattle Grain Market. SEATTLE, Sept. 30. Wheat. hard white, .oft white and white club, $12.25; hard winter and northern spring. $2.20; red winter. J2.2fi: red Walla, $2.15; eastern Walla. $2.20: Big Bend bluestem. $2.4. Keed Scratch feed, $K2 per ton; feed wheat. $S7: all-raln chop, $iH; oats, $0O: sprouting oats, $i4; rolled oat. $02; whole UNLISTED STOCKS and BONDS Bought or sold on arr market tn the United States or Canada. Llb rty and Victory bonds. Herrin 5 RhODES'inC. . , eSTACLlSMEO ISM. , STOCKSand BONDS. Railway Exchange Bldg. . Main 2,2. Members Chicago Board of Trade. 7 SAFETY o Which do you value more U principal or interest? Our methods assure SAFETY to purchasers of our First Mort gages. Our service assures prompt payment in full at ma turity. Available in denominations of $100 and upward. Western Bond & Mortgage Co., Main 113 80 Fourth St. Invested in Foreign .Money nnder nr nw plan make possible Profits S1000 to S20.000 Send lo cents stamp, at once for our new 288-page booklet, with full par ticulars We are specialists In Foreign Exchange, and maintain branch offices in manv large cities. GEO. II. PERKINS TO. 50 Broad street. Xew Vnrb P sPPata--i crn, f 7a : cracked corn. 7 I ; roJ let I bit ley. $03; clipped barley. $tS, ' Hay Alfalfa. per tm: tlouble pressed alfalfa. $30; ditto timoth, $i eastern Wa.-hington mixed. $3tl. AIR PATROU TO REMAIN KxpNt to Kxteiul Forest Fire Sorv-j ice Over ortliesl. IS UG EN 10. Or.. Sept. HO. (Special.) I Prospects of continuing the air- i plane forest fir? patrol next sum mer are excellent and that it will be j extended to all parts of the Pacific! nort h w est, was t he statement yes- , terday of C. W. Boyce, who acted as liason officer between the forest ! service and army air service here. He arrived yesterday from San Fran cisco. Mr. Boyce made the trip to Cali fornia to study results of the air patrol in that state. As soon as he makes his report of. the season's work hefc he will be transferred to Wash ington. 1). C, where he will be en- Raced in an economic investigation of the paper and pulp Irfdustry. Judgment Given Against . Man Who Filed Suit. Coltapr Orovr ReKltlent Seeks ln ' formation on Jury's Action. COTTAGIi (JROV13. Or. Sep. 30. (Special.) Jasper Fatten, who has figured in several freak civil suits irk the 'justice court here, wants Ifome lepral lifrht to explain to him what j kind or kink has been put into me law which makes it possible for a judgment to he rendered against him a case in which he is suing the other party. The jury brought in such verdict yesterday in the case ot Jasper N. Patten vs. K. R. Siphers. Patten sold his place during tho past year to Mr. Siphers. and later sold the purchaser at various times, wheat and potato seed of the admit ted value of $44.92, Tor which amount he brought suit. The defendant sought-to prove that during the year he had overpaid the account, and so far convinced the jury that a judgment was given against the plaintiff in the sum ot $8.94. FUTURE OF MINE ASSURED Larse Body ot Cinnabar Ore Found at Gold Hill. OOLIVHILL, Or., Sept. 30. (Spe cial.) The recent uncovering of a large body of cinnabar ore in the War Eagle company's quicksilver mine ih the Gold Hill district, which is esti mated will produce quicksilver in the value of $500,000. assures the future stability of this property. The own er are erecting a 25-ton Scott mer cury furnace on the property which will be ready for operation within a month. The mine is already equipped with two 12-pipe mercury furnaces and has been a steady producer since 1916. The present equipment capacity of i-ten tons of. ore a day only permitted the reduction of ore .running better tfcan 15 per cent quicksilver, but the new equipment will be useA in re ducing ore running as low as 2 per event. AUTOIST HITS RELATIVE Mrs. Helen Prillaman Victim of Motor Accident at Ia Grande. COVE. Or., Sept. 30. (Special.) When Gerhart Stackland of Stack land Bros., Cove cherry orchardist firm, with his nephew bexro Prilla man. was driving through La Grande yesterday, returning from the Pen dleton Round-up, he veered to one side to avoid a loaded motor truck and struck a woman. Hastening to her relief., they saw she was a relative, Mrs. Helen Prilla man, of La. Grande, sister of young Prillaman's father, who was killed a year ago at Union Junction when run over by a railway locomotive. As she was conscious this morning, fears of concussion, of the brain are allayed. City of Astoria 6 Per Cent Bonds at 99 to yield 6.05 to 6.82 Income Tax Exempt Short term and long term 1 to 20 Years General Tax Obligation Ask for detail. "Wire orders collect. STATE of Oregon 4H Highway Bonds Maturities and Price: 1925-29 to yield 1930-34 to yield 1935-45 to yield.... , .. .5.50 5.25 ...5.15 Telephone or Telegraph Orders Collect Ralph Schneeloch Co MUNICIPAL AND CORPORATION FINANCE LUMW ax. ..( PO RTUWO . 0 R O O H Kj Sccomo HjooiQp main 66 H Eg NORTHWESTERN BANK BLDS. M Canadian n t. 'las Kirmpt. $239,300 Qeneral Obligation 6' c lolcl Notes City or Edmonton' PROVINCE OF ALBERTA 0 cldltion to hrlnir l.rnpral Hhliicafliin otp. thfp re nerurod U loiiR-llmr drhrnlurrn totaling -"l .4(.(MI. The City of Edmonton Has 60.000 to 70.000 Population: Municipally owned and operated Lighting. Power. Strpct Railways, Telephone System and Walerworke; Great Livestock and Packing 1 nri list rics : -ti Banks and Branches: 1"0 Factories: 30 Coal .tines;1n0 Whole sale Houses: 25 Hotels: the richest farming lands in Canada surroundinir it: the trade of a vast agricultural and wheat growing empire pouring to and through its lirajts. i i FINANCIAL STATEMENT Assessed valuation $K,6or..71 5.00 Value municipal property (not including public utilities)., 11.035,376.00 Net debenture debt 9.44S.997.00 Revenue from public utilities (above cost of operation).. 767.773.00 Net local improvement debt 3,046,763.00 Dated Srpte'mbrr 1. 1!20. Maturities as follows: $60,200 due Sept. 1. 1922: price 94. $2 $89.400 due Sept. 1. 1923; price 92.45 $98,700 due Sept. 1. 1924; price 90.28 TELEPHONE OR TELEGRAPH ORDERS AT Ont E-rEXSI MORRIS BROTHERS, Inc. P.rtlaad. Or Morri. Bldr-. S0-11 Htark Wt. Bfwdirv 161. "Th Premier Mantel pml Bnd Binme." KUb!lnlird Ornc at nartrr fMitarj. (mpital Orr Million Dalian. Mnrciisnt. National Ibuik &lds Bond Prices Are Advancing The ready oversubscription of the $100,000,000 Republic of France 8 Bonds, the $20,000,000 Kingdom of Norway S9o Bonds, the $20,000,000 Bethlehem Steel Company 7 Bonds and the $25,000,000 Pennsylvania Bell Telephone Company 7 Bonds, indicate that there is a very keen and growing demand for Bonds at this time. We recommend investment of surplus funds at this time, and present the following offerings: Portland, Oregon, 4s Payette Highway Dist. 5', js. Penn. Bell Tel. Co. 7s Utah-Idaho Sugar Co. 7s Consumers Power Co. 7s.... China Mail S. S. Corp. 8s United Lt. & Ry. Co. Sec. 7s. lyth. Witter. & Co. UNTIED STATES GCVER?TMTST MUNICIPAL AUD CORPCHVJIOH BONDS YEOX BLDG. PORTLAND Telephone Main 8183 San Francisco Seattle New York Los Angclea There is a far greater demand for paper than existing mills can supply! And this gTeat $1,300,000 mill at Salem has contracts for capacity production Paper making is highly profitable. Dividends Payable Monthly- 8'X Cumulative Preferred Stock Oregon Pulp & Paper Co. Par Value 100, 'Price $100 More than $1,500,000 in stock already sold at par. m w M Undof- SapenoTU Oregon stain DanWng OefOtLmsnJL Lumbemiens Bldg. FACTS XO. rVT ADVERTISES ITSELF It does not require any publicity to advertise a pood rond it advertises itself. Two years aSo everybody avoided t ho Newbers road, now eve-ry traveler will so out of his way to reach it. The result is that it is one of the h e a v 1 e s t - traveled roads in the state, all because it is paved with BITULITHIC WARRUX BROTHERS CO.MPA.W. ( nnnillis ot. Tax Kiempt. T)r nomination rino. Jt.-.OO. JIOOO Principal and semi-annual in terest (March 1 and September 1 payable in Gold Coin of the 1,'nited States in New York and at the office of Morris .Brothers, Inc. BcBttla. 'WatiK. j Cratral Bids. DUE PRICE YIELD 1939 5.50T 1933-34 ...... 6.00 r'o 1915 95.00 7.47r,'c 1921-30 7.75r' 193.1 91.25 8.00 9e 1923-25 100.00 8.00 1922 97.25 9.00 Industrial and Commercial BUILDINGS DESIGNED AND BUILT ERTZ & WEGMAN GENERAL CONTRACTORS 651 PITTOCK BLOCK CASGARA BARK htp to I:w niid Reeelv Till-: HlliHKST PRICK. W Want All Ynn Have. Write fur Tags and Price. Sullivan Hide & Wool Co. 144 Front St., t'ortlnnd. Or. to i