TIIE 3I0RXIXG OREGOXIAX, FRIDAY, OCTOBER 8, 1920 19 N V FOREIGN D NUND FOR E CANNED MILK CEASES Europeans Offer to Sell Their Product in This Country. AMERICAN PRICES SHADED Many Factories Will Close Down Vntil Situation Improves; C'o - operation With Producers. JVurins the past two months th eon dn1 and e aporated miik market ha steadily become more demoralized and has now reached a critical stage with many manufacturers. Export business which stimulated increased production and con affluently the building of many new fac tories during: the war Is now at a stand tiM. The domestic market has been flooded with goods offered at cut-rate prices by companies which have been ex porting. Foreign demand has decreased partly on account of th-e Increased pro duction of Holland, Norway and Denmark which is being offered in this and other countries at prices below our own. It Ls reported that Jobbers and whole sale grocers. In expectation of still lower prices are not taking large stocks and are buying largely for immediate sale to retail trade. The tight money condition Is said to be a factor with many manu facturers and jabbers, causing them to unload at least a portion of their stocks previously made of high-priced sugar, at prices near or below actual cost. Stocks in the hands of manufacturers on September 1 showed an increase, while unfilled orders had become practically "nil" en bulk goods and less than those of August 1 on case goods. Some firms re ported that their stocks were larger than ver before and that the bottom had prac tically dropped out of the market. The fact that producers in most sections are conte-n-ding for higher prices for miik p res en Ls a serious problem to manufac turers. Some few manufacturers have of fered to oo-operate with producers by manufacturing . stocks and holding them until sold, before determine the prices to be paid the milk producers. Others an nounce that they will close their factories Until the present situation improves. Such action will result In a curtailed supply and will permit present stocks to be dis posed of at prices , more satisfactory to holders. , Of the 20. 500,000 pound a of cond-ensed mUk exported In August, over 10,000,000 went to the United Kingdom, nearly 3,000. 000 to Cuba, and nearly 1,500,000 to the Straits Settlements. of the 5.000,000 pounds of evaporated exported France took nearly 2,OO0.iK)0. the United Kingdom l.L'iM.ortO. and Cuba nearly 375. 000, and other countries less than 1100,000 pounds each. peri a I. $10.51. Wasty sock sold $8.759 10.33; Yellow Newtowns. J 12.43 12.60: Ben Davis, $9.10; 2-inch Wolf Rivers, $10.13; Baldwins, somewhat soft, $7.70"; Mcintosh, $1 1.20 fi; 1 1 .88. Apples on northern mar kets sold at th following prices: Maiden Blush. $11.90; Calverts, $11.20: Mcintosh, $11.20; York Imperials, $12.60 16.G3; Ben Davia, $10.85. IOC.L WHEAT MARKET IS FIRMER. Xllds A re rage Higher at Merchants Ex , change toa.tre l-rulna Steady. The tone of the wheat market was firm er yesterday, but not much business was reported from the country. At the Mer chants exchange October bids on soft white, hard winter and northern spring were advanced 2 cents and white club was up & cents. Hard white and red Walla ere unchanged. There was not much change In the coarue grain market. November white oats advanced 50 cents and corn bids w ere raised $1. According to New York advices, Scan dinavian countries took 1, 000,000 bushels ol Canadian wheat over night. Constantinople cabled that arrivals of Bulgarian and Roumanian grain are so largu that orders for wheat and flour, which have been in New York have been canceled. The Liverpool oats market continues in bearish rut with merchants at .Liverpool endeavoring to liquidate their purchases of the pat week at the best prices ob tainable. Corn clotted fed to -id higher. Terminal receipts, in earn, were re ported by the Merchants' , exchange as follows: Wheat Bar. Fir. Oats Hay Portland. Thursd'y b - 'J. 2 5 Year a&o 40 . . - . . 5 bcason to date. ,.5011 63 lOtf li: 402 Year ago lotj b2 2o0 oo7 Tacoma, Wcdn'd'y 41 . u - 1 1 Y tar ago 50 . . . . 2 Season to date..-173L 25 214 50 .27 ear ago liAo 00 bl lit! Seattle, Wedn'day 4;t 1 2 . . 1!U Year ago - - 3 i 14 Reason to date 130 7 loo 0 641 lur ago- I.".4 115 2lO 210 4lHi ENGLISH WHEAT STOCKS ARE LARGE Oood Arrivals of Manchurian Grain Are Reported. Reviewing the supply and crop situa tion abroad. Broom hall cables: United Kingdom. Wheat supplies in this country appear to be quite large and there are continued good arrivals of Manchurian grades. Offerings of native w heat continue in fair supply. Weather is favoring the late harvest, but there are complaints that some yields are dis appointing. France Is still estimating Its import requirements of wheat at a comparatively small figure, considering reports of the home crop. Uermauy In some quarters there is considerable doubt regarding the low of ficial out-turn estimates, for the weather recently has been very favorable for late crops. Italy Weather has been rather unfa vorable. This year n crop of corn is con sidered about fair. Argentina Rains threatening, crop prospects brighter. Oats exportable sur- pluu reckoned, to be aroumi 32,000,OtH bun he lb. A1VACE IX BCTTEB IS DISCUSSED. ImiKirtb From New Zealand Not tlkely to Affect Prices. BtXter prices were unchanged for all grades yesterday. Cube extras sold at 58 cents. The undertone of the market was firm with higher prices elsewhere on the coast. Several creameries are In favor of an advance of about 4 cents in print prices and It ls possible that the mar ket may move up in a few days. Butter men do not believe that Imports from New Zealand can have much effect on domestic prices as permits have been granted for the shipment of only 5000 pack ages, amounting to 280,000 pounds. This butter will be distributed over a wide territory in the western states. Kggs were steady to firm with light re ceipts and the demand none too active. The poultry market was inclined to weak ness, especially on light hens, which sold lower at 17 cents. Dressed meats were steady, both veal and pork bringing 22 cents. Mattnon LeaTM Buresa of Markets. D. F. Mattson, formerly in charge of the dairy products, division of the Portland office of the bureau of markets, and later in charge of the San Francisco branch, has tendered his resignation to the bureau and will engage In private business in this city. F. H. McCampbell succeeds Mr. Mattson in the San Francisco office. Bank Clearings. Bank clearings or me northwestern cities yesterday were as follows: Clearings. Balances. Portland $6,531,181 $1.20S.570 Seattle 6,875,719 1.83.429 Tacoma 841.932 11.40S Spokane 2.7G9.079 874,108 PORTLAND MARKET QOUTATIONS Grain, Floor, Feed. Etc Merchants' Exchange, noon session. Bid Wheat Oct. Nov. Hard white $2.10 $2.10 Soft white 2.02 2.01 White club .". 2.03 2.03 Hard winter 2.00 2.M Northern spring 2.00 2.O0 Red Walla 1.95 1.05 Oats No. 2 white 43.50 44 00 No. 2 gray 40.00 40.00 Barley Brewing 44.00 44.00 Standard feed 43.00 43.00 Corn No. 3 3. yellow, ship 45.00 44.00 Millrun 48.00 42.00 Corn No. 3 yellow, delivery 45.00 44.00 CONTRACT HOPS ARE TAKEN IN Pugb Crop at Aurora Nets Grower $300 Per Acre. AURORA, Or., Oct. 6. (Special.) The Pugh hop crop of 77 bales was today taken in at the contract price of 43 cent. They were contracted to Strauss & Co. of London lor three years 43 cents for 1920, 33 cents tor 1121 and 2U cents for 1922. The 1'ugh crop brought the owner $6ti20 lie sLates the crop cost him 14J cents a pound in the bale. This nets him the neat prom or S401H), or about $300 per acre. This is the first crop from this 13H acre yard 13.3U7 pounds which ls con siderably better than half a ton to the acre. The yard should under normal con ditlons produce double that amount next ear. ATPKES STEADY IN NORTHWEST Prices Are on Down Grade In London fruit Market. Apple prices are holding steady in the .northwestern markets. Spokane reports sa s as follows: VVenatchee valley Jonathans, extra fancy, $2 5 6 2.30; fancy $2 2 05. Delicious, extra fancy. $2.85 : fancy, $2.4. Ysk-.ma valley Jonathans. extra fancy, $2 202.35; fancy, $2. De licious, extra fancy. $2.75&3; fanay, $2.50 Wtnesaps, extra fancy, $2.25. Other dis tricts Jonathans, small sixes, extra fancy. 12: tancy, si. To: C grade, $1.&0." The British apple market is dropping according to a cablegram from the trade commissioner at London. The London market is glutted with Italian. French, Swiss. Canadian and American stock. A S'-s-i-nch York Imperials ranged $12,079 12.42 per barrel; D ii-inch York Im pe rials, U.3$$'11.73; D 2 U -inch York Im FLOUR Family oatents. $12.20: baker's hard wheat, $1 1.50; baker's bluest em patents, $11.25; valley. $10; whole wheat. $10.40; graham, $10.20. MILLB'EED Prices f. o. b. mill: Mill run. $50 per ton; rolled barley, $55 061; rolled oats, $53; scratch feed, $76 per ton. CORN Whole, $G1; cracked, $64 per ton. HAY Buying prices, f. o. b. Portland: Alfalfa, $23924; cheat, $21 22; clover, $22; valley timothy, new, $27 928. Dairy and Country Produce. BUTTER Cubes, extras. 57 958c per lb.; prints, parchment wrapped, in box lots, 60c per pound; cartons, 61c; half more; butterfat. No. l, 55 956c per pound at sta tions; 60c Portland delivery. EGiS.S Buying price, case count, 59 60c; Jobbing prices to retailers, candled, 65fr6$c; selects, 706i 72c. CHEESE Tillamook, f. o. b. Tillamook: Triplets. 31c; young America, 32c. POULTRY Hens, 1728c; springs, 2S 30c; ducks, 259 32c; geese, nominal ; tur keys, nominal. PORK Fancy, 22c per pound. VKAL Fancy, 22c per pound. Fruits and Vegetables. FRUITS Oranges. $899.50; lemons. $4.5095.50 per box; grapefruit, $2.75 per box; - bananas, 12913c per pounti; ap ples. $1.5093.75 per box; cantaloupes, $2.50 92.75 pax crate; watermelons, 1 92c per pound; peaches, $1.7592 per box; ca sabas. i-'WSWc per lb.; grapes, $2,759 3.00 per era to. 8fploc per pounu. J5c per basket; pears, $2 93 per box; huckleber ries, i Vi (O'Z.c per pouna; cranoernes, 90 per box. " VEOKTABLES Cabbage, Z 9ZC per pound; lettuce, $292.50 per crate; cucum bers. 50975c per dozen: carrots, $2,259 2. 50 per sack; garlic, 30c; tomatoes, 50c 9 $1.25 per box; beets, 2.;o.per sac it; tur nips, $3 per sack; eggplant, 9124o per pound; green corn, .25 9 40c per dozen. fOTATOKa Oregon, $2.20 92.au per iuo pounds: Y'akima, $2.40 92.50; sweet pota toes, 5V&96c Per pound. ONIONS Oregon yellow. $292 25 per sack; California brown, $2 9 2-25 per sack; pickling, 8910c per pound. Staple Groceries." Local jobbing quotations: SUGAR Sack basis. Cane, graunlated, 13c per pound; beet sugar, 12.80c per pound. HO.VBT New, $7.50WS per case. NUTS Walnuts. 22938c; Brazil nuts, 35c; filberts, 30 935c; almonds, 35c; pea nuts. 14915Vc: cocoanuts. $1.75 per dozen. RICti Blue Rose, llc.per pound. BBANS Small white. 697c; large white, 6c; pink, 7c; lima, IOV3O per pound; bayous, lie COFFEE Roasted, In. drums, 25940 per pound. . . RAILS IN LEAD INDUSTRIAL AND SPECIAL. STOCKS OPEN AVEAK. Steels and Equipments Advance .Briskly In Last Hour Tone at Close Is Irregular. NEW YORK, Oct. T. Business on the tecW exchange today denoted an increasing division of sentiment In speculative circles. Prices were subjected to a succession of con'using- advances and declines, many mixed changes resulting at the close. In a measure rails maintained their re cent leadership, a nuirmer of high and losr-priced shares displaying unusual ac tivity. Reading, which featured the long account yesterday, made a new high record for several years at 101 , but ended at a net loss of 1 14 points. Texas A Pacific recovered only the smallest fraction of yes tercay's severe loss. Steels and equipments were again influ enced by backward trade conditions, which also affected such stocks as General Elec tric. Westinghouse and Harvester, wherein recessions ran from 2 to 5 points, while bcars-Koebuck suffered a further loss of 3 points. Oils, shippings, motors aod sugars em braced: the other uncertain elements. Sales weie SftO.OOO shares. Call money moved from 7 to S per cent and back to the lower rate, with time funds unchanged. In foreign exchange the only noteworthy development was the weakness of rates on Lriina. . Tractions were the strongest features of the bond markets, the liberty group easing. Total sales, par value. tl4.200.0O0. Old united States bonds were unchanged on CLOSING STOCK QUOTATIONS. Sales. Am Beet Eugarl.SOO American Can Am Car & Fdv 6U0 Am H & U Pfd 4H0 Am Inter Corp 2. ."00 Amer,Locomo 3.SO0 Am Smt & Rfg 1,7(10 American Sub l,lno Am Sum Tob 500 Am Tel & Tel 4O0fr Am -Woolen.. 600 Anaconda Cop l.soo Atohison . . . . 6,00c) Atl G & W In 700 Baldwin I.oco 1B.500 Balti & Ohio 2.SO0 Bnthle Steel B 8,1100 But Sup Cop .-.00 Cal Petroleum 200 Canada Pacific 11,. 100 Centrl Leather 1.400 Chandler Mtra 1 700 Chesa & Ohio 4.ROO Chi Mil 4 St P 7.OO0 Chi & North . . 1.S0O Chi R I Pan mil Ohlno Copper. . 200 corn Products 2. BOO Crucible Steel S.HOO " Cuba Cane Sug 000 Erie 2. Six) Oener Electric B.loo General Motors 6,0')0 Grt North Pfd 15,700 Grt N"r Or ctfs S00 Illinois Cen . . 700 Int M M Pfd 200 Interna Nickel 2.100 Interna Paper 200 Kan Cty South 2,400 Kenne Copper 00O I.ouis & Nash IOO Mex Petroleum 14.000 Miami Copper 2O0 Mid States OH 2.700 Midvale Steel SHOO Missouri Par. . 6.200 Nevsxia Copper S00 N Y Central,. 15.KOO N Y Mi H ,-.00 Nor & West 2.."00 North Pacific 24.."ioo Ok Prd & Kfg .'.00 Pan-Am Petrol P.SO0 Pennsylvania. . 4.200 Pitts W Va S.fioo Ray Con Cop 1,"oO Reading . . . . 77.400 Rep Ir & Steel e.r.oo Royal I N" Y 3.700 Shell Tr ft Td 400 Sin Oil & Rfg 2.000 Southern Pac 47.100 Southern Rv 3.R00 S Oil N J Pfd 000 Stude Corp.. R.soo Texas Co 6.K00 Texas & Pac 20. 10O Tobacco Prdts 3.0OO Trancontln Oil . 000 Union Facific. . 10.HOO U S Kd Prdts .too U S Ind Alco 200 U S Rtl Stores 11.000 U 8 Rubber.. 2.KOO U S Steel. . . 16,700 U S Steel Pfd 300 Utah Copper.. 300 High. 70 33 1, 13-114 60 7.V4 IKS SO 8 73 K2"4 SO; 147 1 1 2 4 4S 00 t ISVs. 27 12014 81 c"4 41 XI 311 S7V4 . S4 13 3.1 t 1H 141 is?; s- S4H 74 i lSi 7i 26 24 1V4 ISO 10J4 IB 8S74 20 11 74 50 34 3.'. 3 03 U 02 4 !W 44 3SH 1.1 101 14 70 84 51 H 32 101 32 in.", i, ns SI So' 12 12S SO "a S3 7-H4 SI S84 lo S 2 TjOW. 7414 32", 132 511 H 731, 94 01 104 SS 72 51 KS'A 14614 11014 46 6S IS 2 126 444 7S 14 67 4 -! 82 3514 2 1 S3 12s 14 33 19 130 IS 14 SS 34 8-1 74 IS 76 '4 2.1 v, 24 '4 1 0B Ij 183 1014 ir. ss 2S 11 7S 34 102 4 50 14 4 ss 43 4 PS 14 74 S3 '4 51 4 SI 00 31 lOS 5 50 23 it 67 11 127 50 82 ' 73 T7 S7 107 Rl i Last sale. 76 33 135 50 73 OH 61 104 8S S 73 52 S 14.S 111 4S 6S 1S 2 127 44 80 67 42 83 3R 27 . 84 130 35 10 137 IS ss 34 6 74 18 76 26 24 106 1SB 10 16 r.s 28 11 70 303 91 4 SO 43 37 14 PS 76 84 M 100 32 1 0.1 57 50 ' 25 K7 12 327 .10 &2 73 70 S7 30S 1 . Western Union 200 84 84 T4 84 West Electric 4.9O0 . 47 46 46 Wlllya-Overld. 10,100 11 11 11 BONDS. U S Lib 3s. . .91.64 Atch gen 4s ... 77 . do 1st 4s 89.00X & R Q con 4s 67 do 1st 4a. . .89.70'N Y C deb 6s.. 92 Victory 8s . . .96.50 N P 4s 77 U S 2s reg lul iN P 8s 59 do coupon .."101iPac T & T 6s..'H2 II S 4s reg. .. .'105 Pa con 4s ...89 do coupon ..105'S P cv 5s 102 Pan 3s reg 77 (So Ry 5s .' 89 do coupon . ..77 U P 4s 81 Anglo-Fr 5s . S. 90 !u S Steel 5s.... 93 AT&T cv 6s. 96 HOG MARKET 15 HIGHER HALF DOLLAR ADVANCE AT NORTH PORTLAND YARDS. Bid. Mining Stocks at Boston. BOSTON. Oct. 7. Closing quotations Allouez 24 Ariz Com ..... 9 Calu & Ariz 58 Urceol Calu Ac Hecla. .280 Oulnry Centennial .... 9. Superior . Cop Range ... 84IShannon .... East Butte 10 lUtah Con Franklin 7 1-16 Winona Isle Rnyalle ... 23 (Wolverine .. Lake Copper... 2iGreene Can Mohawk 57 North Butte 1414 Old Dom 23 35 47 H 1 . . 0 . . 4.1 .. 13 . . 28 Foreign Excnanre Rates. Foreign exch ness yesterday. National bank' quoted Is the unit in United ange rates at close of busl- furnished by Northw::tern of Portland. The amount .equivalent of the foreign States funds: 4 (Equivalent .Country. A ustria ....... Belgium Bulgaria Czech o-SIovakia Denmark England ...... Finland France Germany Greece Holland Hungary Italy Jugo-Slavia Norway ...... Portugal ..... Roumania .... Serbia . 1-; Spain Sweden Switzerland . . . China Hongkong .. Shanghai ... Japan 1 Foreign Unit. .Kronen Francs ............ Leva Kronen Kroner .Pounds sterling Finmarlc ..... ; . . .Francs I . . .Marks Drachmas Guilders . . Kronen , Lire . . Kronen ........ .Kroner Escudos Lei Dinara Pesetas Kroner Francs' in Dollars) Rate. ,04n .0710 .0140 .0183 .1305 3.4050 .027K .0670 .01 82 .102.1 .3110 .0031 -03OO .0OS3 .140O .170.1 -Ol 94 .0337 .1470 .10OR .1600 .Local currency .73O0 Taels 1.0550 Yen .5150 NEW YORK, Oct. 7. Exchange irregu lar; sterling, demand SS.40..- Forelg-n Bonds. Russian 5s, 1921 Russian 5s, 1026 Russian 6s, 1919 Currency French 5s, 1931 .., French 4s, 1017 ... French 5s, 1020 .., Italian 5s. 1918 British 5s. 1922 ... British 5s, 1027 ... British 5s. 1920 British vky 4s .... British ref 4s .... Belgium rest -Is .... Belgium prem 5a German W L 5s Berlin 4s Hamburg 4s , Hamburg 4s .. Lelpsig 4s Leipslg 5s Munich 4s Munich 5a ........ Frankfort 4s ... Japanese 4s Japanese 1st 4s Japanese 2d 4s . Paris Rs . . Anglo-French 5s II K 5s. 1021 .. U K 5s. 1922 .. U K 5 3. 1029 .. U K 6s. 1937 . . . 1 . . Bid. Ask. 21 24 21 25 21 2.1 115 120 58 .19 4fi 48 47 40 28 80 330 847 330 347 ....330 34.1 2.10 ' 275 280 24.1 .... 65 67 .... 67 60 ....-14 16 14 16 14 16 ..... 1414 17 15 17 15 is 14 17 17 18 16 19 58 7.1 74 75 74 74 .... 94 95 00 100 . 98 S .... 95 96 95 9514 88 88 ' Money. Silver. Kto. NEW YORK. Oct. 7. Prime mercantile paper unchanged. Time loans steady, unchanged. Call money steady; high, 8: low. 7; rul ing rate. 7; closing bid, 7; offered at 8; last loan, 7. Bar silver, domestic, 99; foreign, 87. Mexican dollars, 66. Swift ft Co. Stocks. Closing prices of Swift & Co. stocks at Chicago were reported by Overbeck &. Cooke company of Portland as follows: Swift & Co . 106 Swift International 20 Libby. McNeil & Llbby 11 National Leather B Naval Stores. SAVANNAH. Ga., Oct. 7. Turpentine steady, 31-21; aalca.none: receipts. 347; shipments 43; stock 16.9rf. Rosin steady; sales 114; receipts 1278; shipments 387; stock 64,616. Quote: W. W. 811.32. Top Grade Now Quoted at $16.50. Cattle Steady at Former Prices. Sbeep Jre Quiet. The advance in the hog market contln uea unchecked. Prices wers lifted 50 cents yesterday with the top quoted at 16.30. A small bunch brought a premium of a dime over this price. Cattle were steady with a fair amount of business. The sheep divis ion was quiet as but little was available. Receipts were 135 cattle, 15 calves and 332 hogs. The day's sal Wt. 9 steers. 982 : 25 steers. 1 1 54 . 2 steers. 870 11 steers. 907 5 steers. 978 15 steers. 1022 6 steers. 1033 1 steer. . 1090 2 steers. 745 8 steers. 763 1 com-... 810 4 cows. . 905 2 cows. . 1303 1 cow. . . Otto 3 cows.. 1130 5 cows. . 902 3 cows. . 1 130 7 cows. . 1014 1 cow . . . 700 15 cows.. 809 14 cows. . 1039 lcalf... 140 lcalf... 110 2 calves. 165 5 calves. 288 3 calves. 350 8 hogs.. 155 5 hogs. . 76 2 hogs. . 175 41 hogs. . 108 1 hog. . . 200 11 hogs. . 100 14 hogs.. 147 8 hogs.. 225 7 hogs. . 113 58 hogs.. 96 7 hogs.. 27.1 30 hogs.. 194 8 hngs. .. 253 les were as Price! 7.75 V -hogs... 8.00 2 hogs. .. 6.2u 2 hogs. .. 7.751 1 hog 7.751 1 hog. . .. 8-OOI 1 hog 8 (111, 5 hogs. .. 7.50 1 hog 6.251 3 hogs.. . 8.00! 1 hog. . .. 3 lul l c lambs.. 5.501 1 hog 7.5012.1 hogs. .. 6.2.1 60 hogs. .. 7.50151 hogs. .. 6.25) 3 hogs. .. 7.501 5 hogs. .. 6.50 33 hogs. .. 3.50! 8 hogs. .. 5 50 1 hog. . .. 7.001 5 hogs. .. 1.1. OOi 2 steers.. follows: Wt. 218 165 270 400 350 40 180 340 146 230 1O0 40 106 97 188 150 2.14 126 106 450 152 1040 13.001 2 steers.. 1170 15.001 1 steer. . 10.0OI16 cows. . 8. ool 1 cow 14.251 1 cow. . . 13.50:14 cows. 15.25 16.25 16.50 16.50 15.00 12.0OI 15.23 1 cow.. . 1 cow. . . 1 cow. . . 1 cow. . . 2 cows. , 1 cow. . . 1 cow. 14.001 6 calves. 14.501 6 calves. 16.501 5 mixed. 800 102.1 1020 810 1000 1OO0 1130 850 570 1020 1170 1040 341 328 440 562 Price 16.50 10.2.1 1 4.00 14.00 14.00 14.00 16 25 14.25 16.25 18.50 S.O0 15. OO I860 13.50 16.50 16.50 14.60 14.25 16.50 14.50 14.50 6 00 9.00 7.00 7 00 5.00 3.75 7.00 8.50 6.25 7.00 3.50 5.25 625 4.50 7.50 9.00 6.50 8.00 The following are livestock quotations at the Portland Union stockyards: Choice grass steers i .00i10.00 Good to choice steers ...... 8.00i 9.00 Medium to good steers...'. 7.00JT 8.0O Fair to good steers 6.2.1 7.00 Common ta fair steers 5.75 6.25 Choice cows and heifers 6.75 fee 7.50 Good to choice cows, hefers. . 5.75i 6.75 Fair to medium cows, heifers. 3.75 4.75 Canners 2.75 W 3.75 Bulls 5.00 6.00 Choice dairy calves 1 3.00 j) 1 5.0O Prime light calves 11 .60f 1S.OO Medium light calves 9.011 1 1.00 Heavy calves 7.00 & 9.0O Best feeders 5.50 6.50 Hogs Prime mixed Medium mixed Smooth heavy Rough heavy Pigs Sheep Rast of mountain lambs.. Valley lambs Feeder lambs Cull lambs Yearlings Wethers Bwea 16.001.S 35.50 4016.00 15.50-gil6.00 12. 00 ra 14.50 12.00(0-15.00 8.501B10.50 8.50 9.50 8.0O(& 9.50 6 00 8.50 6.50 rg 7.50 6.00(01 6.50 2.25 a 6.00 - Chicago Livestock Market. CHICAGO, Oct. 7. Cattle Receipts, 32.000; steers active and strong to 25c higher. Several loads steers and yearlings, $17.50$' 18.33; $18.40 bid and refused; bulk grassy kinds. 9. 00 15.00; western re ceipts. 1000; market steady to higher. Hogs Receipts. 18.00O; mostly 1.1c to 25e higher than yesterday's average; spots more; top, 916; bulk light and butchers, $15.30 15.90. Sheep Receipts, 24,000; fat sheep and lambs opening steady. Top native lambs, $12.60. Kansas City Livestock Market. KANSAS CIT?Y.. Mo.. Oct. 7. Sheep, 50c lower. ' W ' t . Jill., V ' V L . ,. iainrcp. 7500: about steady; western lambs fully. Seattle Livestock Market. SEATTLE, Oct. 7. Hogs Receipts, none. Steady. Prime. $17.50$f IS. 0O; me dium to choice, $10.5017.0O; smooth heavies. Jl-I.OOdJ) 16.00; rough heavies, $13.504rl4.00; pigs, $ 13.50 13.00. Cattle Receipts, none. Steady. Prime steers. $0.0010.09: medium to choice, $S.00cfcl 0.0O: common to good, $B.0O7.5o; best cows and heifers. $7.257.75; medium- to choice, $0.oofr 7.00; common to good, $4.50(S 6.00; bulls, $4.00g-5.00; calves. 7.00j 15.00. 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 Bolldlnar Telephone Main 6072. BBS AND 7 SAFETY Which do you value more 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. WE OFFER A COMPLETE SERVICE In Designing and Building Commercial and Industrial BUILDINGS ERTZ & WEGMAN U UN KRAI, CONTRACTORS. 651 11TTOCK BLk. Coffee Kntnren Irregrular. NBW YORK, Oct. 7. The market for coffee futures whh irregular today, with an easy decline, followed by rallies on buy ing by importers, which, however, wa at tributed by most of the local brokers to profit-taking on short contracts. The open infr was 4 to 7 points lower under wcatter inc liquidation, promoted by the conttnued unsettled tone of Brazil, but offerings were light and prices firmed up during the middle of tho day, with December ad vancing from 7.31 to 7.35, or eight points net higher. This improvement was not fully maintained, an there was a renewal of scattering liquidation late in the af ternoon, with the market closing net four points lower to seven points higher. Oc tober. 7.U4; December. 7.34; January, 7-5li; March, 7.84; May, 8.06; July, 8.9; Sep tember, 8.43. Spot coffue quiet; Rio 7s, 7 ; Santos 4s, KaMern Hairy Produce. NEW YORK, Oct. 7. Butter barely steady ; creamery, 50 64 c. Kggs steady; fresh gathered extra firsts, (6&Uc; ditto firsts, 2a0&c. CHTCAOO. Oct. 7. Butter, lower, cream ery. 43&60c. Kggs, higher. Receipts 7059 cases; firsts. ftTftiSS'.ie. Provisions. Local Jobbing quotations: HAMS All sizes. 43&46c; skinned, 42 48c; picnics, 27c; cottage roll, 35c. I . A R I) .Tiprf hn si V7Uc: xhortAnlni. 20 Vc oer Dound. ' DKY SALT Short.- clear backs, 26 30c per pound; plates, 22c. BACON Fancy, 4o56c; standard, 33 44c per pounds ... Wool, Cascarm, Etc. MOHaIR Long Staple, 20c per pound; short staple, 15c per pound. TALLOW No. 1, 6c per pound; No. 2, 5c per pound. CASCAKA BARK Per pound, gross weights, old peel, Uc; new peel, bVsc per pound. WOOL All grades nominal. HOPS Oregon, 1920 crop, a3c per pound. Oila. LINSEED OIL Raw, barrels, $1.34; drums, $1.41 ; cates, $1.49. Boiled, barrels, $1.36; drums, $1.43; cases, $1.51. TURPKNTINK Tanks, $1.81; cases, $1.96. FUEL OIL Bulk, $2.10 per barrel. COAL OIL Tank wagons and iron bar rels, lic; cases, 30 37c. FUEL OIL Bulk, $2.33 per barrel. GA&OLLNfc; Tank wagons and iron bar re is. -Jc; cases, 41 He Hides and Pelt. All prices nominal, owing to unsettled condition of eastern markets. Eggs High at San Francisco. SAN FRANCISCO, Oct. 7. Fresh, extra eggs were quoted at 89 cents a dozen wholesale today by the ban Francisco Wholesale Produce Dairy exchange. The quotation is the highest ever quoted for eggs in October. Last year's record price was hi Vs cents. Metal Market. NEW YORK, Oct. 7. Copper nominal, unchanged. Lead dull, unchanged. Zinc eay. Kast L. Louis, spot, $7.35 7.50. New York Sugar Market. NEW YORK, Oct. 7. Raw sugar weak, sales 200 tons of Java white in port at eight cents duty paid. Refined sugar He down; 11c for fine granulated, or new low record for the year. Dried Fruit at New Tork. NEW YORK, Oct. 21. Evaporated apples dull. Prunes barely steady. Peaches quiet. HIOKS, CASCARA BARK, PELTS, SULLIVAN HIDE & WOOL CO. 144 Front St.. rORTLASiD, OREGON. Write for Prirpa and Shipping: WOOI, " TALLOW. Invrxted In Faraiitn .'innrj onofr our new plan make possible Prnfilt lnnn .A con nnn d .V. cn stimps at once for our new 2S8-paRe booklet, with full par llculars. We are specialists in Foreign Mrhangc and maintain branch offices in many Urge cilie. fiF.O. H. Pt-RKINS ft CO. -o Broad Street. New York NEW ISSUE $25,000,000 Grand Trunk Railway of Canada (Canadian National Railways System) 20-year 7 Sinking Fund Gold Debenture Bonds. The Dominion of Canada Guarantees Principal and Interest by Indorsement Dated October 1, 1920. Due October 1, 1940. Principal and Interest Payable in Gold in New York at the Agency of the Bank of Montreal Interest payable April 1 and October 1. In coupon form of $1000 with provision for registration of principal. Authorized and issued $25,000,000. Callable as a whole after October 1, 1935, at 102 'j and interest on any interest date after 30 days' notice. Central Union Trust Company of New York, Trustee A sinking fund of $500,000 -per annum, available semi-annually beginning April 1, 1921, is provided for the purchase of bonds in the market if obtainable at or below Ear. If bonds are not so obtainable during the succeeding six months, the unexpended alance reverts to the Company. Bonds Are Not Callable for the Sinking Fund These bonds are the direct obligation of the Grand Trunk Railway of Canada, which the Dominion , of Canada has agreed to purchase and merge with the Cana dian National Railways system, owned by the Dominion of Canada. Price Par and Interest. Wm. A. Read & Co. The National City Company Guaranty Company of New York Lee, Higginson & Co. Continental and Commercial Trust and Savings Bank ' The Information contained In this advertisement has been obtained from sources which we consider reliable. While not guaranteed, it is accepted by us as accurate. Orders having been received in excess of the amount of the above issue, this advertisement appears as a matter of record only. Blair & Co., Inc. Bankers Trust Company I &fH thh-uumm u.l.lj.,.sfta f WiVU r i, ir? r ? -x s - f m , - I 3 c M JL ehsjMiHH : PARLIAMENT BUILDING AT EDMONTON'. We offer subject to prior sale and change in price The unsold portion of the City of EDMONTON General Obligation 6rc Gold Notes Yielding 9 - Exempt From All Dominion Government Taxation. FINANCIAL STATEMENT. Growt &rrssed valuation ftrw 71 s nA Value Municipal Properly (not including- Public t-'tilities) . . ll.o35.3T0.00 Xet Debenture Iebt 0.4SS.0H7.OO Revenue from Public Utilities (above cost of operation) .... '7"'7 73 0O et Local Improvement Lebt (rate Payers" share) 3,(Htl,'70o.OO In addition to being General Obligation Notes, these are secured by long time debentures totaling $2,594,420 Dated September 1. 1920 Maturities as Follows: Due Sep(. 1. 1!22. price M.S2 Lue Sept. 1. price 02.40 denominations S100. MV. SlOOfl. Principal and semi-annual interest March 1st and Sept. 1st. payable in U. S. Gold Coin in New York and at tha offices of Morns Jiroth ers. Inc. Edmonton, the capital of the Province of Alberta, is a bustlinn proBressive city of tNi.OOO to TO.nilf) population. With Its beaut: fxi P'ov,""'al "id civic buildings, wide thoroughfares and comfort able homes, Edmonton is truty amodern citv. All public utilities are owned and opirated bv the citv. The Include lij-cht and power service, street railway service, telepliono system and the waterworks. Surrounded by natural and agricultural resources and sup ported by many diversified industries. Edmonton will continue 10 grow In population and importance. Legality approved by Malone. Malone. A Lone, Toronto. Canada. Telephone or Telegraph Orders at Our Expense MORRIS BROTHERS, Inc. Portland. Or., Morris Hide.. 300-11 Mark st. Broadway 2151. 1 be Premier Municipal Bond Holme," Scuttle. Wanh.. .bstablislird Uver a uartr Century. o. S Central Capital Over Million llollurs. Uldg Merchants National Bunk Bldjr.. Main 71127. ban I-runciM'o. Cal. Kliiott 2840. DOMINION OF CANADA Guaranteeing Grand Trunk R. Which Government Owns. 7 GOLD BONDS 7 Dated October 1, 1920 Due 1940. Trice To Yield PROVINCE OF BRITISH COLUMBIA 750 5 Year 6 Gold Bonds Dated October 1, 1920. Due October 1, 1925. Price 93.84. Yield SWIFT & CO. 5 Year 7' Gold Notes Assets $342,000,000 Annual average earnings ?28,847.000 Price 97.50. Yield BOND DEPARTMENT 760 Uadof- S apeciiiorc Oregon sUjt Banking Department- Commercial and Savings Accounts Bonds Trusts BROADWAY AND OAK New Issue We own and offer the unsold portion of " $124,000 City of Astoria, Oregon 6 Bonds DATED February 1, 1920. MATURE Serially Principal and Feml-annoal Interest (Feb. 1 and Ausr. 1), payable at the office of the City Treasurer, Astoria, Or, or through the offices of Freeman, Smith tc Camp Co. Denomination $500 Yield Yield Yield sbeot about about JS0O0 Feb. 1. 1922 6.82 J6500 Feb.l. 1929 6.16 $6000 Feb. 1. 1935 6.10 8000 " 192S 6.47 650O " 1930 6.15 6000 - 1936 6.09 8000 " 1924 6.34 6500 1931 6.14 6000 " 1937 6.08 J500 " 1925 6.27 6000 " 1932 6.13 6000 " 193S 6.07 6500 " 1926 6.23 6500 - tS3 6.12 6000 " 1939 6.06 6500 " 1927 6.19 6000 - 1934 6.11 6000 " 1940 6.05 6500 1928 6.17 Theaw boada are a ceneral obligation of the city. Population, 1930 census, 14,021 Legality approved by Teal, Minor & Winfree, Portland, Oregon. Exempt from all Federal income taxes. Legal investment for Savings Banks and Trust funds and legil security for public funds in Oregon. Price 99SiT.S-S6.05to 6.82 Income Tx Exempt. Wire orden "collect. " Cah or Partial Payment Plan Ask for circular 070 as shown above NORTHWESTERN BANK BLDG. 1