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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 5, 1920)
TIIE MORXIXG OREGOXIAX, TUESDAY, OCTOBKR 5, 1920
WHEAT GOES UNDER'-'
TWO DOLLAR MM
Bids Are Cut 6 to 20 Cents on
Lopa! Exchange. - -
CHICAGO DROP REFLECTED
American Market; Farmers . '
More AVllllug to Let Go.
The worst decline of the. "season" oe
eurreJ in the . heat market yesterday.
With Chicapo closing; 1141-Va cents
lower than Saturday, prices In the Pai-tflc
northwest naturally dropped with a thud
Eastern reports told of heavier. selling
by farmers and in this section the" frtrm-
r were also more disposed to sell than
recently, but buyers were in no mood to
Kxport busine.Ta at prices farmer would,
consider was out of the question an Can
adian offerings were lower than the prices
ruling herd and some of the' Kuropean
surplus countries were also 'underselling
the American market.
Bids at the Merchants' Exchange were,
of course, sharply lower than the close. of
!at week. Offers Tor hard white were
reduced " cents to $-, northern spring "0
cents to $1.00, hard white 15 centH to W.U5,
red Waila li cents to fl.'M and white club
11 cents to $2.i5. ' There appeared to be
some demand for soft white wheat a 12.07
was bid, a decline of 6 cents from Satur
day. In the coarse grain market there were
no offers for corn or feed barley. Brew
ing barley was $J lower at $13 for No
vember delivery. November white oats
were down $2 at tVj. Gray oats were
Snow a estimates were: "Corn production
l.ltiJ.OOO bands, condition S7.0 per cent.
Cats. 1.4:7. 01)0, OOO bushels. Spring wheat,
SM.4.VS.OOO bushels. Winter, Ml). 511.001)
bushels. Rye, 7'J.3Sa,0OO bushclo. Barley,
Weather conditions In the middle west
as wired from Chicago:
"Chicago district, clear and fine. Tcrre
laute clear, uS. Lies Moines clear, 54.
Wichita district clear, Kansas City
district, clear, til'. St. Louis district clear.
Little Kock district clear, 3S. Joplin
dis-trlct cloudy, To. Dallas. Texas, district
Clear. ". Oklahoma City clear. 45. Garden
City. Kansas, tiistrict clear, S4. Forecast,
Terminal receipts, in cars, were report
ad by the Merchants' Exchange as follows:
Wheat Barley Klour Oats Hay
Monday K2 8 J 4
"Year alto 07 '. . . . S7 1 10
K-a n to date.4:t2 .V. lc.-p. 1R7 :!!:!
Tear a so 2bt)t ' J (Mi 7M 3S
Saturday -"V0 - 3
"Near ago Hrt 3 '8
fra'n to dute. I.'til -'." 230 '' 20
Year ago 17"J3 50 .7. ..'SO
Tear ao S 2 5 2 R
Ter ago 1747 111 Do3 1'J 470
BCTTER Al'FKCTKD BY CONDITIONS
Consumption linn fallen Off Slightly in
The eastern butter market felt the ef
fect of falling prices in other commodities
last week, which caused buyers to pur
chase from hand to mouth only:: Prices
made a decline of about He, .but recovered
practically all lofcses at the close of the
meek. Hot weather made a shurtaga of
top grades and the " demand for these
caused the late price advances, Under
arude stock failed to move and the mar
ket ia not in a healthy condition. Con
sumptive buylr has fallen off slightly
and the closing of numerous condensory
plants, principally in the east, has un
settled the market btil further. Shortage
Is chiefly in' he southwest with a good
demand lor fine centralized as well as
fine whole milk butter. Very little move
ment of stiiige butler took place during
the past week. The storage outlook, is not
particularly encouraging. The steamer
Drothingham brought -100 casks of Dan
ish butter to New York and another large
shipment of Argentine butter fas also re
ported. Danish butter is selling . at &5o
to 57c anrl is being used in cast largely in
place of centralized.
At San Francisco the market was char
acterized by inactivity and light demand.
Under a slight 'accumulation of stocks, the
market became easier and prices declined
Vac. However, the decline was recovered
and at the coles D--acor6 butter showed an
advance of c over the previous week.
With the increasing supplies of medium
grades and offerings from outside points,
the tone of the market became easier and
tended to reflect to . .e extent the gen
eral conomic depression. Supplies of really
finer grades were just about sufficient to
meet the demand for this quality.
61GAB MARKET CONTINUES WEAK
Yakima Bert Will Be on Hand In Short
Time Java Sugar Offered.
The sugar market was weak, but no
Changes are announced by California' re
finers. New beet sugar from Yakima will
arrive In a week or Jo days. It is quoted
m) cents a hundred under cane sugar.
Java sugar is being offered and a con
siderable quantity u being taken by man
ulacturers. It Is not the kind of sugar
that would appeal to the retail trade as it
is very coarsely granulated and is not
as white as cane or aect sugar. It's cheap
ness, however, should make it acceptable
for cooking purposes as it sells for $4 a
hundred under the price of Hawaiian cane
MALAGA CRAPES IKOM ORAM'S I'ASS
Tbree Cars AIho Arrive J rum California
Cuiituloupct Are I'irm.
The -first Oregon Malaga era pes arrived
yesterday irora Urania Pass and were of
fered at o a crate. A car each of Tokays,
Malasas and lady finders came la from
Cantaloupes continue to be received from
the Yakima section, two cars arriving yes
terday. The market was firm ami un
changed. A car of California grape fruit appeared
and the ftoek wad quoted at fu&tt a box
according to size.
J.ucal cranberries were lower at $ot& fl
BLTIEB IS ACTIVE AT 1ECMM
Cube Jvxtrus Sell at 58 Cents Supply of
Print butter sold well yesterday at the
&-cent decline. There was a fair trade la
Cubes and sellers obtained up to 0$ cents
The egg market was steady, receipts
were light and buying and selling prices
Poult ry was In small supply and un
changed in price. Dressed veal was firmer
th;wi lust week with sales at cents. Pork
w as unchanged.
YiMble Wheat Supply Increane.
The American visible wheat supply com
pares as follows:
Oct. 4. 1JVJ0 27.301. 00O l.O47.M,0
Oct. 6. 77 47i. MM a.L'L'li.Oou
Oct. 7, 1W1S SM.27S.UOO l,2(S;i,0H0
Oct. S, 1117 7,704. (HK) 14.000
Oct. 9. 315 5S.2;i,U(K) 840.OO0
The corn v isible is 7.oS7,in0 bushels, an
Increase of 2,t$!.000 bushels; oats. 2o.S2S,
000 bushels, an increase of '2. 404.000 bush
els; rye. 4., 407,00V bushels, an increase of
517,000 bushels: barley 1,345,000 bushels, a
decrease of 4,000 bushels.
The Canadian visible statement follows!
Wheat, 11,300,000 bushels versus 7,510.000
bushels a year ago; oats. 9l!a. 0O0 bushels
versus 877,000 bushels; barley, 844,000
bushels versus 1,4:16,000 bushels.
"Bank clearings of the northwestern cities
5'eaterday were as follows:
Portland a... $7,007.01 2.1 10.321
Seattle . 7. 774, :t" '2,25,iid
Tacumi 75i.S75 '4.4HH
Spokane . 2.7Wo.0G7 970, 1M)
I'OBTLA.ND " MAitKJKT . QUOTATIONS
Grain. Flour, Feed, Etc.
Merchants' . Exchange, noon session.
Wheat Oct. . Nov.
Hard white $.00 $.00
Soft white ..r. '-' l(M)
White club 2.05 2.00
Nor. spring l.m V.
Ked Walla- l.tK 1.10
Xo. "i while feed 43.00 43.00
No. 1" gray ....40.00 oH.OO
Mltlrun 45.0O 40.0M
FLOL'R Family patents, 12 20; bakers
hard' wheat. $11. 50; baker's bluesiem
pa terns, $11. 10; valley, $lo; whole wheat,
S1V.40: graham, $10.0.
Mli-LFEEU Prices t. o. b. mill: Mill
rmi, $57 per ton; rolled barley. S3S&til;
roiled oats. $5t5; scratch feed, f 7847 pet
ton. ' - -
CORN Whole, $t7C8; cracked. $70
71 per ton. . ,
, HAV Buying prices, f. o. b. Portland:
A Haifa, $-'3 1' -4 ; cheat, $21 clover,
$2-; valley timothy, .new, f21W'H.
. .Dairy and Country Produce.
BUTTER -Cubes, extras. 5 (& 5Sc per lb.;
prints, parchment wrapped, in box lotfc,
60c per" pound; cartons, 6lc; half more;
butterfat. No. 1, 55&5tfc per pound at sta
tions; 60c Portland delivery.
KiOS Buying prie, case count, 61c;
j orbing prices to retailers, candled, 65c;
CHEESE Tillamook, f. o. b. Tillamook:
Triplets-. 31c; young America, 32c
POULTRY Hens, Ih'aSc; springs. 28 rsp
30V ; ducks, J5 tp3c; geeue, nominal; tur
PORK Fancy,. 20c per pound.
VEAL. Fancy? lilHJc per pound.
Fruits and Vegetables. -
FRUITS Oranges, $Sra9.50; lemons.
$188.8.131.52 per box; grapefruit, $2.756 per
box; bajianas, 12 1 3 c per pound; ap
ples, $1.5t 3 75 per box; cantaloupes, $2.75
(3 pur crate; watermelons, l((2c per
pound; peacheM $22.35 per box; ca
abas. 2 'y. c per lb. ; grapes, $2.75
3.00 per crate, S 15c per pound. 35c per
basket; pears, 23 per box; huckleber
ries. 17 "rj. 4p 2l'c per pound; cranberries, $0
per box. "
VEGETABLES Cabbage, 22 Vc per
pound; lettuce, $22. io pur crate; cucum
bers, 50 75c per dozen; carrots, $2.25 &
2.50 per sack ; garlic, 30c ; tomatoes, 50c &
$1.25 per box; beets, $2.50 per uck; tuT
nips, $3 per sack; eggplant, y6'12-c per
pound ; green corn, 25 40c per dozen.
POTATOES Oregon, $2.25 2.50 per 100
pounds; Yakima, $2.50; sweet 1 potatoes,
5 Kit n Gc per pound.
ONIONS Oregon yellow. $2 0 2 23 per
ack ; California brown, $2(&2.2a per. sack;
pickling, o & loc per pound.
Local jobbing quotations:
SUGAR Sack basis:' Cane, granulated,
15c per pound.
HONEY New, 7.50-aJS ner case.
N UTS Walnuts, 22oj38c; Brazil nuts,
33c; f i 1 bert, 30 35c ; almonds, 35c ; pea
nucs, 144i15Vc; cocoanuts, $1,75 per dozen.
RICE Blue Rose. 140 per pound.
BENS Small white, 7Uc; large white,
7c; pink. 8ic: lima, 12', c per pound;
bayous, ll,c: Mexican reds, 10 c per
CUKP'EE Roasted, in drums, 540t
Hides and Pelts.
Alt prices nominal. . owine to unsettled
condition of eastern markets.
' : "
Local jobbing quotations:
HAMS All sizes. 434c: skinned, 42
4Sc ; picnics, 27c; cottase roll, 35c.
" T,A RlJ Tiorre ba.sis. 27V-c: Hhorteninz.
O'jc per pound.
DRY SALT Short, clear backs, 20 rQ 30c
per podnd; plates, 22c.
BACON Fancy, 46 56c; standard, SJ'QJ
-. "Vool, Cancara, Ktc.
MOHAIR Long Staple. 25c per pound;
short staple, 15c per pound. !
TALLOW No. 1, 8c per pound: No. 2, I
Be per pound.
CASCARA BARK Per pound, gross I
weights, old peel, 0c; new peel, 8c per
wool AH grades nominal.
HOPS Oregon, 1920 crop. 374 40c per
T.INSEED OIL Haw, barrels, $1.34;
drums, $1.41; cases, $1.41). Boiled, barrels,
$1.36; drums. $1.43; -cases, $1.61.
TURPENTINE Tanks, $1.81; cases,
FUEL OIL Bulk, 2.10 oer barrel.
COAL OIL-r-Tank wagons and iron bar
rels, 17c; cases, 30tjy37c.
FUEL OIL Bulk. $2.35'per barrel.
1 GA.SUL.1NE Tank wagons and, iron bar
rels. 2Jc; cases, 41 Vb c.
SAN FRANCISCO PltODVCE MARKET
Price Current on Vegetables, Fresh Fruits,
KU, at Bay City.
S.N " FRANCISCO. Oct. 4. Butter Ex
tra 1'oice, 07 fee; prinxe firsts, 62c.
E s Fresh e x t ras, 81c; d irties, 65 'A c ;
ext ra pullets, 65 fe c ; undersized pullets,
53 c. : -
Cheese-r-l-lats, fancy, 36 Vic; firsts, 27c;
Young Anserlcan, 3Uc.
Veijetabler Eggplant, . 65c $; summer
75cdf$l; potatoes, street prices, river white,
$2.40 '3r2.tl5; sweets. 3C3Wc ;onion.s, yellow,
'.Oril; Australian brown $ltirjl.25; white,
$1.?)0'2; green onions, $31.752; beans,
51t7c; lima, lSWUc; bell peppers, 0(ti i,c;
tomatoes, 40rti icr cucumbers, 7oc?"1.2o;
celery, crate $4&5; green corn, sack, ?2y
2.5o; caulii lower, do&en, $1 ; cabbage, 1 Vi c
pound ; beets, carrots, turnips. $1.75 2
sack; peas, 10 (S 15c.
Poultry Hens, large colored, S740c;
sniall, 32 it 35c; Wh ite Leghorns, large, 30
U.32c; small, 20j'22c; strictly young
roosters, 40- 42c; old, 221i25c; fryer, 40
ci.-12c; broilers, 4S'y52c; ducks, 27 4.i-30c;
piteous, old, $33.50 dozen,; mjuabs, 60
frMiTtc. pound; Belgian hares, 18&22c pound;
turkeys, live. 50i 52c.
Fruit Strawberries. $1 & l."0; raspber
ries. ,70(r S5c; blackberries, $0i& 12; Tur-
!ock cantaloupes, $1.25 1.75 lug; honeydew,
IKrc'it $1.25; oranges, Valencia, $5j7.o0;
lemons, $2y4.25; grape fruit, 3 & 4.50; ap
ples, bell flower 1.54$i 1.60; peaches, small
box, $1,2541.75; plums and prunes, $1.50 &
2.25; grapes, seediesa, $2.25 2.75 crate;
bananas, 10ri 1 1c.
Receipts Flour. SS40 quarters; wheat,
ISjso centals; barley, 2400 centals; oats,
80tf centals; beans, 745 sacks; corn, 2400
centals ; potatoes. 6122 sacks; onions, 17,
174 sucks; hay, 630 tons; hides, 255 rolls;
livestock, lOO head; oranges, 1500 boxes.
lried Fruit at New York.
NEW YORK, Oct. 4. Eva porated ap
ple., weak; Californias, 9 q, 12c ; state, 12
Prunes, easy : Californias, lO1 23c;
Oregon. 14 f l"Vic.
Peaches, quiet; standard, 161Sc;
choice, 18c; fancy. 10fi 21 fee.
- - Hops at New York.
NEW YORK, Oct. 4. Hops, quiet: state,
102O. ti'yfa 75c; Pacific coast, 1I20, 63&72c;
lyii), 6oyo3c. '
. Cotton Market.
NEW YORK. Oct. 4. Sjot cotton, quiet;
m idflling, 24.25c.
STOCKS FIRM AT CLOSE
EARLY TRADE AFFECTED BY
We are a Portland firm han
dling1 high-grade marketable in
! vestment stocks only. "We are
looking for suitable men to
whom we will offer excellent
opportunity and latitude, paying
a liberal commission. We can
offer an exceptional opportunity m
l ." V. . 1 - 1 1 9
salesmen! niiu aiucK ur UUI1U-
selling experience. All replies
Jield in strictest confidence.
ADDRESS O 62, OREGON IAN
Railway Issues Continue Their Re
cent Advance; Money Market
Sliows Little Change.
NEW YORK, Oct. 4. Lacking more def
inite or convincing reasons, the uncertain
tendencies manifested .by the stock market
again today were ascribed generally to
local monetary conditions, as revealed at
the close of last week's business. No ma-
j terial change was shown by the federal
reserve bank, but the combined clearing
.' house institutions reported the largest
actual reserve deficit or the year, loans
and discounts also expanding to a ew
high record for that period.
These conditions, it was apprehended,
might cause some calling of loans. The
course of the money market, however, of
fered no hint of such action, call 'loans
holding at 1 per cent until lust before
tile close, when moderate sums commanded
8 per cent.
on the surface the stock market fol
lowed its see-saw movements of. the last
two weeks. Kails scared additional gains
and Industrials and specialties were hesi
tant or heavy, but rallied substantially in
the final dealings. '
headers of the stoel Industry issued re
assuring statements, but the trend of steel,
equipment, copper, sugar and shipping is
sues once more indicated that recent com
modity price reductions have only served
to Increase the cautious attitude of con
sumers. Conspicuous features of the transporta
tion divisions embrace the Pacifies, notably
the Canadian Pacific, which roadea net
gain of almost four points, and such sec
ondary rails as "Soo" and Kansas City
Southern. Sales were 90u,000 shares.
Foreign exchange rates were decidedly
mixed, he British remittance easing, with
moderate strength in French, and Scandi
navian bills, ali on nominal offerings. -
Hallway bonds-, notably Atchison, St.
Paul and St. Louis & San Francisco is
sues, again moved upward with related
stocks, also local tractions. Liberty bonds
were firm, but the foreign graiip as
barely steady. Total sales, par value.-ag-gregated
I17,250.K)0. Old United States
bonds were unchanged on call. '' ...
CLOSlNti STOCK QUOTATIONS.'
Am Beet Suirar
Am Car & Fdy
Am H & L Pfd
Am Inter Corp
Am Loco. . . . ' l.tson
Am Smt & Rfg
Amer Sugar. .
Am Sum 'fob
Am Tel & Tel
Am Wooien . .
Amer 54 L & S
Bald & Loco 0,-K
Haiti & Ohio lo.COO
uetnie steei B o.soo
Bui & Sup Cop
Ccn Leather . .
Chesa & Ohio.
Chi Mil & St P
Ch & Northwest
:hi R I & Pac ll.soo
Chino Copper. 300
Colo Kl & Iron .'!oo
Corn Products 4,(UM
Crucible Steel 800
Cuba Cane Sug 2,."K
rie . . .... ti.lsl
Oentral Elec. . 4O0
General Motors 17.400
Jrt North Pfd lS.tioo
(Jt, N'r Or Ctfs 20O
Illinois Central 2.0OO
lnspira Copper 400
Int M Ma Pfd 3O0
Interna Nickel 2.OO0
Interna Paper 2.000
Kan Cty South l.S.00
Kennec Copper 2.SO0
Louis & Nash IXiO
Mex Petroleum lS.ooo
Miami Copper :ioo
Mid States Oil 3.SO0
Midvale Steel.. 2.7O0
Missouri Pac. 12,-SOO
Nevada Copper S'o
N Y Central.. 8.:t0
N Y N H H l.'l.lOO
Nor & West 2.4MO
North Pacilic 14. 000
Ok Prd & Kfg 6'K)
Pacific Mail . . 1oo
I'an-Amer Petl 10. Sou
Pitts &- W Va 3.JOO
Rav Con Cop 1.400
Reading . . . . 24.HOO
Rep Ir & Steel .j.B'io
Royal L N V.. 7JOO
Shell Tr & Td 2O0
Sin Oil & Rfg R.K0O
Southern Pac 2."i,4oo
Southern Ky. 12.400
S Oil N J Pfd 2O0
Stude Corpor. B.20O
Texas Co .... 14.7(10
Texas & Pac 3.00O
Tobacco Prdts 3.400
Tianacon Oil. . 1.200
Union Paciifc 14.100
U S Fd Prdts 1.400
II s Ind Alco l.Koo
U S Runber.. a.4(l(i
X S Steel 2..7O0
U S Steel Pfd
3 2 !4
' :io V4
U SLib 3'is
do 1st 4-s.
do 2d 4s .
do 1st 4 14 s
do 2d 4s
!1.70l Anclo-Fr 5s
1 1 Vi
7 4 Vi
. 33 V4
76' 26 ;
.SS.OOiA T Kt T cv 6s
. .R7.4'Atch gen 4s 77V4
. .SO.BOiO t K (i con 4s'67'4
88.50 .V Y C deb 6s 02 U
do 3d 4'4s ...OO.lOiN P 4s 7S'4
do 4th 4is. ..88.50IN P 3s 3'4
Victory 3s ...06 lo!Pac T & T Ms... 81
. .iiD.uira con 48.... 8'. "t.
U S 2s reg. .
U S 4s reg. .
do coupon ..103V4lU
Pan 3s reg '77
do coupon . ..77 I "Bid
IOIV41S P cv 5s lol 'A
101V4iSo Ry 6s.
10.H4I U P 4s
steel os. . .
Alining Stocks at Boston.
BOSTON. Oct. 4. Closing quotati
Allouex 23 North .Butte
Calu & Arls. . . 55
Calu & Hecla. .2SO
Centennial .... 9 'A
Cop Range ... 83 54
East Butte 10
Franklin .... 2 1-16,Utah Con
Isle Royalle ... 25 Winona
Lake Copper... 2 14 I Wolverine ...
Mohawk 38 IGreene Can ..
Sup & Boston.
Money, Silver. Etc.
NEW TORK. Oct. 4. Prime mercantile
paper, 8 per cent. Time loans, steady ; Gii
tiaya. 00 days , and six months, 7Q8 per
Call money, steady; high, 7 per cent;
low, 7 per cent; ruling rale, 7 per cent;
closing bid. 6 per cent; offered -ftt 7 per
cent ; last loan, 7 per cent.
Bar silver, domestic, 99c; foreign,
Mexican dollars, 6Sic.
' LONDON, Oct. 4. Bar silver, 584d per
Money, 5 per cent.
Discount rates, short bills, 6 G4 per
cent. Three months, 1SiCT4 per cent.
Foreign Exchange Rates.
Foieian exchange rates at close of busi
ness yesterday, furnished by Northwestern
-Vjitiona.1 bank of Portland. The amount
quoted is the equivalent of the foreign unit
in United Statis funds: '
Country Foreign Unit. Rate.
Austria, kronen t044
Belgium, francs 0712
Bulgaria, leva 0147
7.echo-Slovakia, kronen .01r5
Denmark, kroner 14
England, pounds sterling 3.4S75
Fin'and, finmark 02fi7
France, francs OH US
GerniHny. marks .015
Ureece. drachmas 10:ii
Holland, guilders 31125
Hungary, kronen j QW.i
Italy, lire 0414
Jufi.'-Slavla. kronen yts."i
Norway, kroner ?403
Portugal, escudos .1725
Rounmnia, lei 01 97
Serbia, dinara 0:i4O
.Spain, pesetas . 1470
Sweden, kroner ................... ."JO
Sw Uzerland, francs 1605
Chira Hongkong. local currency... .7475
Shanghai, taels 1.055
Japan, yen - aiD5
Province of British Columbia
General Obligation Gold Bonds
Dated October 1, 1920
Due October 1, 1925
Principal and semi-annual interest payable October 1 and
April 1 in New York City in United States Gold Coin.
Assessed Valuation. .". $801,407,268.00
Total Funded Debt, including this issue 41,571,936.00
Less Sinking Fund 6,184,384.00
-Net Debt .... :. . 1 . . . .... .... ............ .$ 35,387,552.00
. Population (Officially Estimated) 450,000
British Columbia is the third in size of the Provinces of Canada, and
has an area exceeding 227,200,000 acres.- The natural resources of
the Province make it one of the wealthiest in the Dominion, the
natural forests alone covering an area of about 180,000,000 acres.
The great progress which i being made in the development and
production of the Province is seen in comparing the value of the total
production in 1901, which amounted to 53,037,280, with that of 1918,
amounting to $237,144,696 v '
Price 93.84 to Net 7.50
GIRVIN AND MILLER, FE&RIS AND HARDGR0 VE
JOHN E. PRICE & CO., LUMBERMENS TRUST CO.,
CARSTENS & EARLES, INCORPORATED
We Offer Subject to Prior Sale and Change in Price
$61,600 General Obligation Gold Notes
City of Edmonton
. (ALBERTA PROVINCE)
Exempt From All Dominion Government Tax
The City of Edmonton is the capital of Alfcerta, the metropolis
of Midwestern Canada, the gateway to the Peace River and
McKenzie River Basin; an industrial center, an agricultural center;
the focusinfr point of three transcontinental railroads; the cen
ter of a tributary urea of 255. 2S5 square miles, and one of th
fastest growing and most progressive cities In the new northwest.
Assessed valuation. 605.715. 09
Value municipal property not Including public utilities) 11,035,376.00
Net debenture debt - 9.448.997.00
Revenue from public utilities (above cost of operation) ?W7,773.00
Net local improvement debt . 3,M6,763.00
In addition to lie Ins; General On1fga.tion Note, these are secured by
Ions-time debentures totaling SSO4,40.OU.
XHited September 1. lf20.
.Maturities as follows:
32.fK0 due Sept. 1, 1922..
24.200 due Sept. 1, 1923..
$ 5.400 due Sept. 1, 1924..
Denominations S10O, (tSAO, $10OO.
Principal and semi-annual Inter
est (March 1 and September 1),
payable in Gold Coin of the
United States in New York and at
the office of Morris Brothers. Inc.
Telephone or Telegraph Orders at Our Expense
MORRIS BROTHERS, Inc.
SOU-1 1 Stark t.
"The Premier Municipal Bond Tlotine"
Established Over a Quarter Century
Capital Over Million Dnllari
Merchant. National Jlank Uldg.,
Can 'rant'icoa Cal.
German W t. Ss IS 17
Berlin 4s 14 17
Hamburg 4s 14Vi 174
Hamburg 4lis 15 1 7
Loipelg- 4Ha 15V4 IK
IIpsIr n 1 v.
Munich 4s !" 14
Munich 5s 1M
Frankfort 4s 17 20
Japanese 4s ft"! 75 3
Japanese 4s. 57i
Japanese 2d 4's 74 4 74t
Paris s 94 ?i 9."
Anslo-French 5s ! 100
U K ."H4s. llf.'l HUH S
U K 5iS, 193 !." S4
II K 5's, 10-J0 80 8!
U K 5'is, 1937 86. 86Vj
Swift A Co. Storks.
CMnMng priffp of Stvlft A- Cr. stocks at
Chicago were reported by Ovrbeck &
Cooke Co. of. Portland as follows:
Swift & Co 103 VS
Swift International 24 V3
Iibby. McNeil & l.lbby 'IH,
National Leatltr 9
NEW TORK,. dct. 4. Copper, easy. Elec
trolytic, spot and October. lS18c;
November and December, 1S18c.
Iron, easy: No. 1 northern, S'04751: No.
2 northern, 41 '3' 30; No. U southern, 4 t
"Tin, steady; spot and nearby, $43; fu
tures, f 43.5043.79. -'
Antimony, 7.12&C. ' ' . '-.
L.ead, steady: spot, 7.50!g7.7$r
Zinc, qutct; East St. Louis delivery spot,
7 4 0' 7.f.Vv
WE OFFER A COMPLETE
In Designing and Building
Commercial and Industrial
ERTZ & WEGMAN
651 P1TTOCK BLR.
Equivalent in dollars.
NEW" TORK. Oct. 4. Exchange Irregu
lar; sterling ckmand 3.48, Cables Z.AX ;
francs, demand fi.T'J. cables 6.74 ; BelRian
francs, demand 7. or,, cables 7.07; guilders,
demand -tl.00. cables HI. 12; lire, demand
4.11. cables 4.1:(; marks. demand 1.H3.
cables 1 .4 ; Greece, demand 10. 2H. " New
York exchange on Montreal 9 per cent
Bid. , Ask.
Russian S1, 1021 20 . 22
Russian f. s, lifjft "O
Russian 6s, 1919 21 24
Currency ....... 11, " 21
French 5s, .l.f31 5 594
French 4s. i !1 7 47 48
French 5s, 1920 ;f 70
Italian 5s, li18 30 8"
British 5s, ' ; .3at 345
British 5s, 3J27 325 345
British 5s. 1029 325 , 345
British vky 4s 250 257
BrltiFh ref 4s . 2311 240
BelRlum rest 5s r
Belgium prem 5s -. 67 70
Vnational city bamk'IX
V jiy ""-ding? -Jr
Marks the erid of th e, Harvest Jri ' Agriculture. To
the investor, the time of harvest is ever present. It
is merely a matter of ; discrimination between the
g-ood and the bad, the sound and the unsound. ' '
In the Public Utility Field, for example, there are today many
issues which we unhesitatingly recommend to the most care
ful investor. vw'-.v " ..
Our October offering sheet carries a special message with
reference to the 'Public Utility-Situation. Nvhich should be
of interest to investors generally. It also lists about 58 attrac
tive issues of bonds, short term notes preferred stocks and
firstjnortgage bonds on desirable business property, which
we recommend for investment " v ? ;'
The interest returns on securities are still very high.
This list, which should be in the hands of, every -investor,
will be sent upon request for OR-340
The National City Company 4 t
Correspondent offices in more than SO cities
Portland Yeori Building i
: Telephone -Main 60TS " '
The credit department of a modern mer
cantile concern shoulders financial respon
sibilities equivalent to those of a bank but
without the "security that protects the latter.
The American's Policy of Credit Insurance
furnishes just such security. It not only
insures the credit man's house against ab
normal, unforeseen losses, but it insures the
credit man himself against risks and unpre
ventable mishaps, and constantly strengthens
his standing as a credit executive.
NcHf of all times is the time to safeguard,
with the American's Credit Insurance,
against the uncertainties of trade. Man
ufacturers and wholesalers, write or phone
today for complete details of our protective
AMERICAN CREDIT-INDEMNITY CO.
pf NEW YORK E. M. TREAT, president ,
ISSUES STANDARD UNLIMITED POLICIES J
H. T. MacRILL. General Agent,
' Board of Trade Eldg.
Phone Main 1179 Portland, Oregon
Sl'BJBCT TO ALLOTMENT
7 Year 8'
Secured Gold Bonds
f the world's largest manufacturer of Soda
Ash and its Derivatives.
This $10,000,000 issue is directly secured by
$21,000,000 worth of securities and is further
backed by the company's assets that total over
$70,000,000 after deducting all liabilities.
Price to yield 8
Company has been a consist
ent dividend payer for years.
- TV" Uiidof- SupetNtSloTC Orogon. slain Banking DopartKical,
Commercial and Savings Accounts Trusts
BROADWAY and OAK
HALL & COMPANY
BUY AND SELL,
' Public Utility
5 to 7
Foreign Government Loans
Lewis Bldg., Portland, Or.
We Have for Sale:
SO American I.ifHtranh ".....17 50
S0OO Alaska Coal Si Pete .... .1714
S3 Uankerti Mortsaee Corp lil
IO larke Krndull ........ . bid
KlOO Harvey Crude Oil Si'A
Ho Havific Malm lire Z'i UO
3000 Uurrtu Tradinir Co $!
Pppcial Department for
Liberty Bond am! Unlisted Stocks
Herri n"5 Rhodesinc.
t ESTABLISHED 169a. f
STOCKS and BONDS i
Railway Kxrltnnire Rldfr. Maia SS3.
i'rivate wires roaxt to eoant.
Phone Your Want Ads to
Main 7070 Aut. 560-95