THE 3IORXIXG OREGOXIAX, FRIDAY, OCTOBER 15, 1920
19
EUROPE IS DUMPING
EARLY APPLE CROP
Boxed Shippers Must Await
Clearing of Market.
PRICES AT PRESENT WEAK
Cheap Stock Will Last Until Early
In November American Ship
men is to England.
The prices of apples on the English
market are dropping, according to a
cablegram from the American agricultural
trade commission at London. The London
market ts flooded with Italian. French,
Swiss. Canadian and American apples and
the supply is not expected to clean up
before next month, when there should be
a better opening for western .boxed fruit.
The American commissioner cabled on
October 11:
"Cheap varieties from European supplies
are now glutting the market and will last
on til early November. The supply of
American apples is plentiful. The total
landed and afloat amounts to about
125.OO0 barrels. Prices in the various
markets are:
"Covent Garden market: York Imperials
old f8.&0-2? 10.50 per barrel, conversion ,
being made according to rate of exchange
prevailing October 8, when a shilling was
worth 17 6-10 cents. Hubhardstons and
Baldwins, $S.S0t 10TG; all were good
quality.
'Pudding Lane market: York Imperials,
I O.r.rt 12.14. mostly $10.91 to $11.44;
wasty stock, $S.4.'?r 10.21 ; Hubhardstons
and Tompkins Kings. $10.iHi; Mcintosh,
$7.S08.SO; Maiden Blush, $1.(W; Wolf
Rivers. $S.S0; Baldwins and Ben Davis.
18.27y tuts.
"Liverpool prices somewhat lower; Ben
Travis ranged $S10fSS; Yellow Nw
towns. $0.rt3-Jr 12.32: Oanop. $!.riO(fr n.fiR:
Wealthy. $C..G0 S.9S : Baldwins. $7.04 f?
8.80; Greenings, $".: ft 7.02; Tompkins
Kings. $a.3.1fi 10.74; York Imperials. S.S0
11.07. Manchester market: Graven
steins brought $7.7-4 fe 8.27 ; Tompkins
Kings. $11.07; Wealthys. SS.4514.OS;
York Imperials, $10.otifjl3.3S; Oldenburgs,
10.r12.r0.
'Glasgow market: Wealthys sold $7.I2
8.10 barrel ; $3.34 $ 4.22 per box; Wolf
Rivers, $3.S7 ft 4.57 box ; Tompkins Kings.
$9.M barrel."
Apple buying in the Pacific northwest
has quieted down for the time being.
Conditions at eastern shipping points are
wired as follows:
Martlnsburg, W. Va.: Demand very
alow; market dull; very few sales; car
loads t. o. b. usual terms ; wire orders;
carloads f. o. b. shipping point accept
ance; barrels, A2H up, York Imperials,
. $3.50 4 mostly $3.503.73.
Rochester, X. Y.: Haul I rigs heavy; de
mand limited; market steady; carloads
f. o. b, usual terms; A2 R, I. Greenings.
20-ounce, mbstly $3.r0 3. 75; Baldwins,
4.00(3 4.25; Tompkins Kings, J4.2vg 4.50.
BUYING OF MODERATE VOLUME
Bid Prices Are S to 6 Cents Lower on
Local Exchange.
A moderate amount of buying was re
ported in the country wheat market. Bid
prices on the local board were lower in
sympathy with the east. Declines were 2
cents on hard white, 3 cents on white
club, 5 cents on soft white, northern spring
and red walla and 6 cents on hard winter
The coarse grains were generally firmer,
white oats bids were raised $11.50 and
November gray oats $1. Barley offers
were $11.5Q higher. Eastern corn was
unchanged.
The Idaho crop report puts the spring
wheat crop at 15,450,000 bushels and
winter wheat at 5,008.000 bushels, a total
oi Ji,3b4.UU0 bushels against 18.705,000
bushels last year; oats S.SUO.OOO bushels
against 7,700.000 bushels and barley 4.104,
000 bushels against 3,300. 000 bushels.
New York reports 20.000 barrels of flour
worked to Constantinople and 10,000 bar
rels to Germany.
Chicago sold 200.000 bushels of corn
yesterday for export.
Broomhail estimates Argentine ship
ments this week at 185.000 bushels of
wheat, 2.400,000 bushels of corn and 560,
000 bushels of oats.
Terminal receipts, in cars, were reported
by the Merchants Exchange as follows:
Portland Wheat.Barlev.Floiir oat
Thursday .... 31
9 1 -l '
1
25
J 3
4 3
208 447
Tear ago . . 53
Bea n to date. 53X7
Year ago ..3229
Tacoma
Wednesday .. S3
Year ago . . 27
Sea n to date. 1223
Year ago . .2123
Seattle
Wednesday ....55
Year ago . . 18
Eea'n to date. 1007
Year ago . . loss
62
107
187
1029
501)
2
264
11
4
312
324
14
4
!
505
26
52
58
01
2
12
99
236
S
110
230
99
121
CUBE BITTEB MARKET IS STEADY
Sellers Not Disponed to Make Wide Cut
in Prices.
Print butter went out yesterday at the
-eent decline and the market was active,
mit cuibe sellers were not disposed to make
ruch a cut in prices. Some of them held
at 58 cents,- but there were other sellers
at 57 cents.
Fresh eggs continued very scarce and
the market was firm, but without change
In buying or selling prices.
Poultry receipts were moderate and
eleaned up at. former quotations. Dressed
meats were firm' with Bales of pork at
23 cents.
SUGAR ONE DOLLAR SACK LOWER
Jobbers Put Refinery Decline Into Imme
diate Effect.
A decline of $.1 a hundred In refined
sugar prices was announced by the Cali
fornia refiners yesterday. Local jobbers
immediately put the decline into effect
here, absorbing the drop on such stocks
as they carried. The new wholesale prices
are $12 on cane and $11.S0 on beet.
NEW YORK, Oct. 14. Raw sngar quiet.
Refined unchanged at 11 cents for fine
granulated.
less Wheat Ilrld by Farmers.
The department of agriculture estimated
stocks of wheat in the United States on
October 1 at 6OS.000.00O bushels versus
747.000.000 bushels last year. Of this 477 -
U lfl IIAA 1 I 1 . . . -
v.'i,w,v uuBi.ria is oeia oy rarmers. 102,
OOO.itno busils at elevators and terminals
and 27.000,000 bushels at other points of
accumulation. Last year the farmers held
315.ono.oo0 bushels, mills and elevators
142.0OO.000 bushels and other points 90.
0O0.000 bushels. The crop this year, plus
carryover. Is estimated at 79S.0OO.000 bush
els, or about 17 percent less than last year.
England Likes Oregon Prunes.
Oregon prunes are great favorites wlA
the English people on account of their
tartness, and it is estimated that about
one-half of the 1920 crop will be exported
to Great Britain, according to the Amer
ican consul at Kingston. Canada.
Bank Clearings.
Bank clearings of the northwestern cities
yesterday were as follows:
Cleartnirs. Balances.
Portland fll.K45.Kn4 $1.655.S!2
Seattle 9.961. t29 1,176.421
Tacoma 1.446.3:19 J30.901
Spokane 3,166.974 808,241
Frost Stiffens California Prices.
oar of Sacramento tomatoes in lugs
earn lA featarday and will be olfered to- J
day at $2 42.25. A car of Tokay grape
also arrived. Frost and rairra in California
have made both the tomato and gxape
markets firmer there.
Thre car of Florida grapefruit are en
route and the firat will arrive early in
the week. The increased freight rate will
heiip make prices higher than last year.
FOKTLAND MARKET QUOTATIONS
Grain, 1 lour. Feed. Etc
Merchants' Kxchaage, noon aenalon.
Wheat Ort. Nov.
Hard white $ 2.13 $ 2.13
Ptft white 2.3 2.05
White club 2 . tM 2 . o i
Hard winter .j 2 O'l
Northern spring 2.t2 22
Red Walla 1.US 1.08
Oata
No. 2 white 44.00 44.50
No. 2 gray-. .. 41. 0U 42. OO
Uari
Brewing 4".iS 45.00
Standard feed 44. OO 44 50
iliilrun 4&.50 4J.U0
Corn
No. 3 K. Y. shipmont 44.50 43.50
No. 3 Y. delivery 45.00 44. 00
FLOUR Family patents. $11. SO; baker
hard wheat, $11. -0; baker's bluest em
patents, $1 1.23; valley. $10. whole wheat,
$U.M; graham. $0.60.
MlLLFKtU Prices f. o. b. mill: Mill
run, $50 per ton ; rolled barley, (55 f- tf 1 ;
rolled bats, $53; scratcn feed, $75 per ton.
CORN whoie, $til; cracked, $04 per
ton. "
HAY Buying prices, f. o. b. Portland ;
Alfalfa, $2324; cheat, V-1&22; clover
$22; valley timothy, new, $27t3.
Dairy and Country Produce.
BUTTER Cubes, extras, 57c per lt. I
prints, parchment wrapped, m box lot.
5!c per - pound; cartons, liOc. half more;
buttertat. No. I. 53 to 54c per lo. at sia
lion.s; 5tc Portland delivery.
EUGS liujing price, case count. 62
65c; jolibiiiif prices to retailors, candied,
o j iv Tile ; MuicCld, 'i 4c.
CliEESE li.lamook, f. o. b. Tillamook.
Tnpk'ife, 31c; Vouitg America, 8-c.
PUULTRV liens, 176:Jbc; iprings. 25 tf
30c; UucKa, 25 (u -c, gcee. uuuknai, tur
keys, noir.mal.
PORK J?aiicy, 23$-'23V&c per pound.
VlJ.-i.l-, fiill), W7JC p.:f pOUUtl.
Fruits and Vegetables.
APPLES Delicious, extra fancy, $3.30
&. $4 ; fancy, $.i w 3. 4'5; coinujneU Uncy -end
choice, $2.75 i.oO ; orchard run. $5.-o.
JonaLhund, extra fancy, $ 2. 2b (& 3.75; fancy,
$1. iiii 3 2; caoice, l.t s-2 1 5 ; orcnat d
run, J(iJ.33. Northern Spy, lancy, $2.40
Cx 3; choice, 2.1tKa j.ou; orciiard run, $2.25
Ou.2.75. Rome BeauLy, extra fancy, 3.25
(jj3.5i; combined ian:y and choice, -2.5u
3; orchard run, $2.35. Winter Banaiia,
extra fancy, $3 U 3.70; fancy, 2.7o&3.-jO;
choice, $2.25 U 3 ; juinblu pacit. $2 &2.2a.
Ivin, orciiard run, $1. V5 u 2. U agum, or
chard run, wrapped and packed, $1.4iid
2.75.
OTHER FRUITS Oranges, $14(39.25;
lemons, $4.5uft5.50 per box; grape-fruit, $5
(a io per bo.; bananas, 12 tel'-ifac per
t'uund; cantaloupes, :.Wiiio per urate;
wa-iexmeluns, i (i c per pound; peaches,
$ ti 2.50 per box ; casaba , 2 Vs 4t 3 c per
'b. ; grapes, $2 (ii 3 per crate, nf. 1 jC per
puunu, per basket; pears, $2 a 3-50 per
box; nucktitotrries, 17 22u per pound.;
era wberri es, $ 5 per box.
V tiuhlTABLKa Caooage. 2 i 2 VsC per
pound ; lettuce. $22.9 per crate; cucum
bers. tiUftjJboc per uozen; carrots, $2 253
2.50 per sack; garlic, 30c; tomatoes, $2y 2.25
per iUg , becL, per back , t.i mps.
3 per sack, cgpiant. 12VaC per pound,
green corn, 25(3uc perdozeu; caulif lo wer.
1.7lf'3.00 per dozen; celery, i ictttl-lu
per uuzan;, green peppers, i012c pei
pound.
Pul'ATOBS Oregon. $1.75(&;2.25 per 100
pound ; Yaltima, $2.25; eet potatoes,
5Vl per pound.
ONIONS Oregon yellow. $1.752.25 per
sack; California brown, $2.26 per mck.
pickling, bioc per pound.
Staple G rocerles.
Local Jobbing quotations:
SUGAR Sack basis: Cane, granulated
12c per pound ; beet sugar, ll.SOc per
pound.
HONEY New. $7.50 (8 per case.
NUTS Walnuts, 22&38c: Brazil nuts.
35c; filberts, 30 35c ; almonde, 35c; pea
nuts, 14ffl5c; cocoanuts, $2.50 per dozen
RICfc; Blue Rose, 11 He per pound.
BEANS Small white, 07c; large
white, ttc; pink, 7 Vc; lima, 10 c pei
pound; bayous, 11c.
COFFEfc! Roasted In drums, 25 40c
per pound.
Pro vLs ions.
Local Jobbing quotations:
HAMS All sizes. 4346c; skinned. 42
4Sc; picnics. 27c; cottage roll, 35c.
LARD Tierce basis, 27 Vsc. shortening.
20c per pound.
DRY SALT Short, clear backs, 26 30c
per pound . plates, 22c.
BACON Fancy. 45056c; standard, 33 if
44c per pound
Wool, Caiicara, Ktc
MOHAIR Long Staple, 25c per pound,
short staple, 15c per pound.
TALLOW No. 1, Sc per pound. No. 2,
Cc per pound.
CAHCAKA BARK Per pound, gross
weight, old peel, 9c; new peel. oc per
pound.
WOOL All grades nominal.
HOPS Oregon. 1020 crop. 3538c per
pound-
Oils.
LlXSEED OIL Raw. barrels. $1.34.
drums. $1.41; cases, $1.40. Boiled, barrels,
$1.30: drum&, $1.43; cases, $1.51.
TUKPENT1NK Tanks. 1.1; cases.
$1.90.
COAL OIL Tank wagons and iron bar
rels. 17c: ca.es. 30337c.
FUEL OIL Bulk. $2.35 per barrel.
GASOL1N1S Tauk, wagons and iron bar
rels. 21ic; cases. 41 c.
Hides and reits.
All prices nominal, owing to unsettieu
condition of eastern markets.
SAX FRANCISCO PRODCCE MARKE'l
Prices Current on Vegetables, Fresh Fruits,
Etc., at liay City.
JAN FRANCISCO, Oct. 14. Butter Ex
tra firsts, 59c; prime firsts, D9c
Eggs t resh extras, 8oc. dirties. 70c.
extra pullets, 67c; undersized, 59 c.
Cheese Flats, fancy, 31c; Young Am
erica, firsts, Joe.
vtKeiao.es igplant. 501r75c: summ-..
squash, 75c 41 $1: potatoes, river white, $2.40
2 60; sweets, 3.3c: onions, yellow. 90c
t$l; Australian brown, $13rl.25, white
$1. 5022; green onions. $1 75fa'2; beans
4iic. lima, 9frl2c; bell peppers, 75i90c;
tomatoes. .oc ' . i J.J : cucumoers. xirai..io
celery, 3?'4c crate; green corn, $232.54
cai'Iitlower, $1 uozen . uahbaKe. lc pound
beets, carrots, turnips, $1.50(1.75 sack
peas. 15(?i'1Sc.
Poultry Hens, large, colored 37tff'40.:
small. 32ft.35c: White Leghorn, large. 3'
32c; small, 37f(i3ic; strictly young roos
ters. 3SB?41c; old, 22fii24c; fryers, 3840c
broilers. SOr-Vx:. ducks. 274i30c; ol!
pigeons, $3$3.50; squabs, 65 4 75c; Bel
gian hares, live. 20 ff 22c.
Fruit- Strawberries, 0OcSfl.40; canta
loupes, $1.50,'d2; Valencia oranges, JOlf1
8.00: lemons. $2 4.25; grape fruit. $3.00
&'4T-50; peaches. $2(3; plums and prunes,
$2r2.2o; pears, bartieti, 93.outa4.oo
grapes, seedless, .ifa)a.ou; apples, isen
flower. $1.50(S1.60; bananas', lollc; cran
berries. $13 no 14.
Receipts Flour. 46SO quarters; barley.
586 centals; beans, 76S sacks, potatoes.
S970 sacks; onions, 705 sacks; hay, 150
tons; hides, 55 rolls; oranges, 500 boxes;
livestock, 550 head.
Coffee Futures Still Decline.
NEW YORK, Oct. 14. There was fur
ther decline In the market for coffee fu
tures today, owing to a renewal of Decem
ber liquidation in the continued absence of
any important support and scattering liqui
dation accompanied by talk of slightly
easier firm offers from Santos. The open
ing was 2 to 5 points lower and active
months sold 12 to 16 points below last
nisht's closing figures with December
touching 6.61c ana Aiay y.ooc curing tne
early afternoon. There were slight rallies
later on covering with the market closing
at a net decline of 4 to 10 points. October,
6.37c; December, 6.67c; January, 6.92c;
March. 7.42c; May, 7.72c; July, 7.92c; Sep
tember. 8 10c.
Spot coffee quite; Rio 7s, 7c; Santos 4s,
llS12c.
Cotton Market.
XEiW YORK. Oct. 14. Cotton, spot,
quiet; middling. 22 50e
WE OFFER A COMPLETE
SERVICE
In Designing and Building
Commercial and Industrial
BUILDINGS
ERTZ & WEGMAN
GENERAL CONTRACTORS.
661 flTTOCK BLK.
STOCK MARKET STROiERjiiSli
IXDVSTRIAL -AND AtTOMOBILE
ISSUES ADVANCE.
Redemptiou of Anglo-Frencb Loan
Today Is Leading Monetary Fac
v tor Bond Sales Reduced.
I
NEW YORK. Oct. 14. Conflicting i-le.
ments of domestic and foreign origin com- !
and foreign origin com- !
jut further irrtularity t
jca exchange tuUay. al- !
tronu tone ruled at tne !
omeu 10 oring ab
of prices on the iitoc
though a firm to stro
fairly active finish.
Redemption tomorrow of the Anglo
French toUu.00u.UUU loan was a factor of
pr.mary importance in the money market.
Cail loans established the highest initial
rate of many weeks at l per cent, subse
quently repeating yesterday's performance
by closing at 10 per cent.
This was not the only drain on local re
sources, however, banks and other finan
cial institut.ons sending large additional
sums to Cuba, where the moratorium seems
to have reduced virtually all business to a
cash basis.
British exchange eased only slightly and
the Bank of England's, weekly statement
show-ed utrengthening of its liability re
serves. Latest domestic advices pointed anew
to further readjustment in the more im
portant branches of industry, such as the
steel and textile trades. Proof of a sound
investment position was afiorded by the
success attending the Sears, Roebuck
SoO.uuti.OOO note issue.
Kails, shippings and oils comprised the
more uncertain features, steels, equipments
and motors representing the stronger is
sues. Salts were oo.UOu shares.
The bond market was comparatively
dull on reduced dealings. lomestic issues,
including liberties, were slightly easier and
internationals were irregular. Total sales
(par value). $14,375,000. Old United Stated
bonds were unchanged on call.
CLOSING STOCK QUOTATIONS.
Last
Sales.
High. Low.
75 75
lie.
Am Beet Sugar
American tan
Ain Car Ac Fily
Am il ,fc L l'id
M0
1.4UO
2H0
1.1X10
u.l 00
1.000
32
56
73
97
5'J
lo4
00
its U
74
II
5
o.s
144
114
47
71
26
126
41
85
67
42
b2
30
24
34
83
132
34
1S
140
18
88
34
94
43 h
5s
75
25
22
187
18
14t
39
2S
64
11
81
34
lO0
0O
3
8S
43
36
14
99
79
77
49
37
100
32
105
50
50
23
67
11
127
49
84
73
79
8S
108
57
So
47
11
135 u
in
13 1
Am Inter Corp
73
71
96
103
!!,
!'H
72
IUi
50
87
1 43
113
40-?
70
26
120
40-s
79
67
41
2i
:;
24
34
.S3
13 1
33
1-1
130
17
87
34
!4
43
71
17
74
24
22
185
1X
13
30
2S
64
11
80
34
!
00
3
87
43
30
14
90
86
4S
31
oo
30
105
56
49
21
6C
.11
126
42
84
72
78
87
ios.
56
85
40
10
rVmerican Loc-o
,m snu & His
Americun Sug
A:n Sum Too
1.000
104
MM) IKJ-i,
A in Tel & Tel
'J00
Am woolen... oH)
74
11
50ii
144
115
48
714
26
127
41
S5
liij.
42
S2
:;:'
25
34
S4
132
34
19
140
1-S
bN
34
"'41,
43 V.
7 2l-4
1SU
7.1
25
TJ.
ls
Am Z L & s. . 200
.uaconua Cop o,400
Atchison .'. . . 0t0
All U & W In 3oo
liaidwin Loco 17.2O0
.iUi & Ohio 5.o
Hetme steel a
B.auo
100
4.7.W)
3.1100
0. 1 00
1.200
l.loo
SlO
1.400
3.1110
200
1.500
3.."iOO
1. IOO
2.. .00
Ciil Petroleum
nada Pacific
Ci-.nlfl Leather
(handier itrs
Chesta & Ohio
Chi -Vlil & st P
Chi &. S V ...
Chi 11 I & Pa
Cliino Copper. .
Colo rl ol Iron
Corn Products
Crucible Steel
Cuba Cane Sug
t,rie
Ciener Klectric
3vl0
General Motors 14. oo
Oen North Pfd 2.SO0
l,l Nr Or ctts
ooo
20O
Illinois Central
Inspira Copper
Int M -Ma Pfd
2.0O0
2, .MM)
1,2110
400
50O
3.1NI0
0,500
Interna Nickel
Interna Paper
Kan cty South
Kenne Copper
Alex Petroleum
Miami Copper
10
15
39
2S
64
11
&1
34
lOl
UO?
4
43
37
14
IOO
7'J
77
40
31"4
10OV
32
1(15
50
50
23
67
11
127
40
84
73
Ss
10S
57
85
47
11
Mid States oil 17.100
Mid vale Steel 2.5UO
Missouri Pacif
1,1100
Montana Power
300
400
6.600
2.100
1.0OO
1.IHI0
Nevada Copper
.n 1 central . .
N Y N 11 & H
Nor & Western
Northern Pac
Ok Prd & Rfg
500
Pan-Am Petrol 11.2(H)
Pennsylvania.. 2,h(H)
Pitts 4c W Va 1.0O0
Hay Con Cop 2O0
Heading . . . . la.ioo
Rep lr & Seel 11.200
Royal D N Y 3,500
Shell Tr & Td 30
Sin Oil & Rfg 3.200
outhern Pac t. ioo
Southern Ry.. 14.700
S O N J Pfd 2.U0O
Stude Corpora 10.I0O
Texas Co 3,800
Texas & Pac 0.5OO
Tobacco Prdts 1.700
Trancontin Oil 1.500
1 nion Pacific
U S Food Pdts
U S Ind Alco
U S Rtl Stores
U S Rubber..
3.000
1.IM10
1.000
1.51H)
3.9O0
14.O0O
300
3.200
1O0
1.100
6.200
U S Steel..
p S Steel Pfd
Utah Copper. .
Western Lnlon
West Klectric
Willys-Over Id.
BONDS.
U S Lib 3s.
92.301 A T r T cv 6s. 96
89.3o;Atch gen 4s.... 77
89.10 Ti & R G con 4s 67
89.50 N Y C deb 6s... 92
do 1st 4s
do 2d 4s
do 1st 4s.
do 2d 4s...89.14'N P 4s 78
do 3d 4s. . .90.52 N P 3s 58
do 4lh 4s. ..89.18;Pac T & T 5s... 85
Victory 3s .. .90.00 Pa con 4 s. . . S9
do 4S 96.02 S f cv .18 102
U S 2s reg lOI'ilSo Ry 5s 89
do coupon .."101 .U P 4s 80
U S 4s reg llli'i.U S Steel os 93
do coupon ..105J
Pan 3s reg '77 I Bld.
do coupon . ..77 I
Analo-Fr 5s . 90 I
Mining; Stacks at Boston.
BOSTON, Oct. 14. Closing quotations:
Allouez 23'North Butte ... 14
Ariz Com 8 Old Dom 22
Calu & Ariz... 65jO-ceola 82
Calu & Hecla. .250 HJuincy 42
Centennial .... 9 Superior . 4
Cop Range 33 Sup & Boston.. 2
East Butte ... 10 I Shannon 1
Franklin 2 1-16; Ktah Con 6
Isle Royalle ... 23 (Winona 30
Lake Copper... 2. Wolverine 12
Mohawk 66 IGreene Can .... 27
Foreign Exchange Rates.
Foreign exchange rates, at close of busl
hess yesterday, furnished by Northwestern
National bank of Portland. The amount
quoted is the equivalent in United States
dollars:
Country and foreign unit Rate.
Austria, kronen f .0038
Belgium, francs O097
Pulgarl.i. leva .0140
r"zecho-KlovRkia, kronen 0127
Denmark, kroner .1390
Rnclnnd. potinas sterling .......... J.487i
Finland, finmark O270
Fmnce. francs 0058
Clermany. marks t 0147
Greece, drachmas 096."
Holland, guilders anno
Hungary, kronen OO30
Italy, lire 0:104
.Tugo-Slavia, kronen ,0o82
Norway, kroner .1370
Portugal, escudos 1708
Roumania. lei ,0184-i
Serbia, dlnara .9328
Spain, pesetas .1450
Sweden, kroner 19C8
Switzerland, francs 1595
China Hongkong, local currency... .7225
Shanghai, taels 1.0350
Japan, yen .5150
Poland, Polish marks. 0O40
NEW YORK, Oct. 14. Exchange easy.
Sterling, demand $3.48. cables $3.49;
francs, demand 6.55. cables 6.57; Belgium,
francs, demand 6.90, cables 6.92; guilders,
demand 31.00, cables 31.10; lire, demand
3.90, cables 3.92; marks, demand 1.45. ca
bles 1.46: Greece, demand 9.60; New York
exchange onMontreal, 10 per cent.
Foreign Bonds.
Furnished by Overbeck & Cooke com
pany of Portland.
Bid. Ask.
Russian S'H. 1921 24 28
FACTS SfO. K4.
A BUSINESS
BAROMETER!
I. and In a certain part of
the country that was worth
15.00 per acre durtns; 111
doubled in value as soon as
the announcement was made
that the road over which the
products of this land would
paaa was to be paved jrrith
WARRENITE
BITULITHIC
WAHHEJi BaOTHKRS CO.
24
27
120
iV.)
4H
esvi
60
50
4'.
75
45
B7V4
V4
17
17
17
ltt
43
1 '
17
21
19
5S14
' 75
74
94
loo
P4
!."VS
92
81
, French 4s. 15117.
r rencn itm, l!'jt
Italian 6.1. lni.s
British Sa. 1D22
British .is. 1S27 .
British 5s. 1829 .
British vky 4e. .
uritisn rer 4s. .
Belgium rest Us 4 V
Belgium prem s....
German V. L.. us....
Berlin 4s
IS
IS
1T
li4
IS
la
14
; Hamburg 4s. ........
Hamburg 4s ......
Le!psig4t48 ........
leipslg rs
tunich 4s ..........
Munich 5s
17
Frankfort 4s 17
. - - ; 57
J"" ' ? . ,4, Z 4
i?t' - ?a ,,
Frankfort 4s.
Paris 6s
94 4
Anulo-French 5s ...
U. K. 5i:.s. HI21 .
XT. K. 1!I22....
V. K. 5 Mi a. 1!29
U. K. 5MiS, 11)37
. . -or, K
. . 2
. . 87
Money, Silver, Ktc
Tnnv" n 1 1 1 -i
I tile p.per. unchanged.
Time loans, steady, unchanged.
Call money, strong; High IO, low 9, rul
ing rate 9, closing bid , offered at Hi.
last loan IO.
Bar silver, domestic, unchanged; for
eign. 8Hc
Mexican dollars, 65'4e.
LONDO;, Oct. 14. .Bar silver. 55'4d
per ounce. Money and discount, unchanged.
Seattle Graiit Market.
SEATTLE, Oct. 14. Wheat, hard white,
soft white, white club, red winter and
northern spring, 92.10; hard winter. $2.12;
red Walla. fl.UO; eastern Walla, $2. OS; Big
Bend bluestem. $2.30.
Feed Scratch feed, $79 ton; feed wheat,
$85; all grain chop, $67; oats, $58-; sprout
ing oats. $B3: rolled "tats. $30; whole corn,
$!."; cracked corn, $07; rolled barley, $B2;
clipped barley, $67.
Hay Alfalfa, $30 ton; double com
pressed alfalfa. $3G; ditto timothy, $42;
eastern Washington mixed. $30.
Swift & Co. Stocks.
Closing prices of Swift & Co. stocks at
Chicago were reported by Overbeck A
Cooke company of Portland as follows:
Swift & Co 106
Switf International 20
Libby. McNeil A Libby 11
National Leather 9
Metal Market.
NEW YORK, Oct. 14. Copper, nominal.
Producers not quo'ting. Small sales of
electrolytic reported in the open trade
around 17c.
Iron and antimony, unchanged.
Tin. weak; &pot and nearby, 39c; fu
tures, 40c.
Lead, easy; spot, 7.407.73c.
Zinc, easy. East St. Louis spot. 7.20
7.40c.
Eastern Dairy Prodnce.
CHICAGO. Oct. 14. Butter Higher;
creamery, 4054c.
Eggs Unchanged; receipts 4044 cases.
NEW YORK, Oct. 14. Butter Steady;
unchanged.
Eggs Irregular; unchanged.
Cheese Unsettled; unchanged.
Naval Stores.
SAVANNAH, Ga., Oct. 14. Turpentine,
nothing doing; last sale October 9 at $1.19;
receipts, 28; shipments, 263; stock, 19.863.
Rosin, firm; sales, 432; receipts, 749;
shipments. 2750: stock, 48.670.
Quote: BDEFGHIKMN WO WW
f 10.82.
Dried Fruit at New Turk.
NEW YORK. Oct. 14. Evaporated ap
ples, dull. Prunes, unsettled. Peaches,
quiet.
DAILY METEOROLOGICAL REPORT.
PORTLAND, Oct. 14. Maximum temper
ature, 5S degrees; minimum, 50 degrees.
River reading, 8 A. M., 6.5 feet; Change in
lat 24 hours, none. Total rainfall (5 P. M.
5 P. B.), .42 inch: total rainfall Blnce
September 1. 1920. 6.86 inches; normal
rainfall since September 1, 3.49 Inches: ex
cess of rainfall since September 1. 1920,
3.37 inches. Sunrise. 6:2T A- M.; sunset,
5:27 P. M. Total sunshine, 3 hours 4i
minutes; possible sunshine. 11 hours. Moon
rise, 9:14 A. M. ; moonset.. 7:04 P. M.
Barometer (reduced to sea level), 5 P. M..
29.97 inches. Relative humidity, 5 A. M.,
92 per cent; noon, 68 per cent; 6 P. M.,
80 per cent. a
THE WEATHER.
Wind
22
STATIONS.
Baker
3S!
54j
.Sol
60
4S0.1Sl..jW
620.13. .SB
7N'0.0Oi. .INW
56IO.0OI . .18
Cloudy
BoiFe
Boston
Katn
Clear
Calgary
Pt. cloudy
Chicago
S(0.OO 14 S
near
Rain
Rain
Cloudy
Denver
res Moines. .1
Eureka
3S 56 0.20
XE
sw
NW
OHi 70 0.61 . .
4S' 5S 0.1SI. .
70( 8S 0.00. .
Galveston . . .
N
SW
.Pt. cloudy
Helena .....
Juneauf . . . .
Kansas City.
32 520.01jl6
Cloudy
Rain
Rain
SE
62
: 1.02,24 SB
L.os AnPles..
lit 7610.001. . rw
Clfar
Marshfield
Mt-dford . .
Mtnenapolle
4S 5S 0.4SI. . W
44 500.10i. . NW
62 62 0. 02 . . N
tWl A4IO IUV IS 17!
Cloudy
Rain
Cloudy
New Orleans.
New York. . .
ICIoar
Clear
5sl 82 O.OollOiNW
North Head..;
48; 54:0.30 14 W
44i 7!0.0u. .W
36! 50:o.O0;16S
471 5M0.42 6'W
Clear
iClear
Phoenix .
Pocatello -Portland
.
Roseburg .
Sacramento
fit. Iouis. .
Salt Lake.
Sloudy
Pt cloudy
I 481 58IO. 18 . .(.W
IJtatn
44 1 72 O.00 . .IKE
64i S2l0.0ui20!.S
30, 54 0.00 . AS
Clear
ICiear
Pt. cloudy
Clear
San DieK'o . ..
San Fran....
Peattl
SltkaT
Spokane
Tac-ima
Tatoceh Isl..
Valdeat
Walla Walla.
Washington.
Winnipeg ...
Yakima
52 7410.00 14INW
54 68 0.00'16:W
44 52!0.17il8S
Clear
IPt. cloudy
32 !t40!0.88.-.E
wain
5C0 . ooi 1 o: XW IClear
48f 54!.l10iSW
Pt. cloudy
iPt. cloudy
60 54.0.32 14 W
24iJ42,0.0Oj. . jNE
Clear
461 58;0.14i. .IW IClear
oi 82,0.00 . .In
Clear
Pt. cloudy
Pt. cloudy
44; 6(0.00. .NE
..! 62,0.0010;SW
tA. M. today. tP. M. report precedine; day.
FORECASTS.
Portland and vicinity Rain; southwest
erly winds.
Oregon and Washington Rain, west por
tion; fair in east portion; moderate south
westerly winds.
EDWARD I,. WETXS, Meteorologist.
...20
. . . 2:!
...115
. . . B7
... 4fi
...86
. .. 27
. . . zr.n
...330
. . . K30
. . . 2r.3
M
ontgomery Ward
Warehouse Corporation N
Bonds
are secured by a first closed mortgage, and .in addi
tion are unconditionally guaranteed, both as to
principal and interest, by Montgomery Ward & Co.,
Inc., of Illinois,- the oldest mail order house in the
United States.
Maturities from 1922 to 1930, inclusive.
Price to Yield 7
Descriptive Circular upon request.
Girvin& Miller
Government, Municipal and Corporation Bonds
- Baillargeon Building, Seattle .
San Francisco Santa Barbara "" -Los Angeles
...
m
M. Iladd &tilton
iS 1 BANK. : I
1
m
S
i
w
i
m
1
m
m
a
w
PRICE 97.34 AND INTEREST
Yielding 7 Per Cent
$25,CG0 Province of Alberta, Canada
4V o Bonds .
Dated Dec. 1, 1918 Due Dec. 1, 1923
PRICE 92.35 AND INTEREST
Yielding 7.25 Per Cent
$15,CG0 Province of Alberta, Canada
yzfo Bonds
Dated Feb. 1, 1914 Due Feb. 1, 1924
PRICE 91.95 AND INTEREST
Yielding 7.25 Per Cent
Full descriptive circulars on above issues
furnished on application.
BOND DEPARTMENT
Ladd & Tilton Bank
1EMB6R"-
CFEDERAL RESEB
.SYSTEM.
iiinilniSrgJrtnrairQJfaifi
SALES DEPRESS WHEAT
EASTERN TRADERS FORCE CHI
CAGO LOWER.
Future of World's Market Will De
pend Largely on Slie of
Crop In Argentina.
.tiTii.n n.l llA.ln nrices aV-
.niAuoi -
erased lower today, influenced by heavy
selling or wneat ana corn un .ia
a leading eastern trader. .Wheat closed
nervous at 1V to SHi net decline, with
December 12.07 to 12.08. and March
J" 03 to J2.03. Corn finished c oft
to 2 i c up ana oais uwwi n v v -
n.,tnmM In orovlsions was a rio
from 25c to 7c
Acceptance- oi ucwibu -
to tno government iui
serve bad depressing effect on wheat
. . h 1. . . . tnHmsriAni I n n T
values at tne oulbcu. uu 7 :
some export business was in progress led
to a quiclc upturn. Then cams a rush of
selling orders from the east and through
out the remainder of the session the buy
ing side was at a disadvantage. Receipts
were small. ' . .
Corn and oats were ioi
the action of wheat. - '
Forecast of a falling off November 1 in
the total of warehouse stocks here gave a
lift to provisions.
Th Chicago market letter, received yes
terday by Overbeck si Cooks company of
FDWheattfrted easy on selling Inspired
by the special government report sent yes
terday wmcn
thereafter the market was erratic, but
was compelled to digest a large amount
of selling pressure, which caused a decline .
of about 7c from the high point. Dunns ,
the last hour a strong tone developed and
a rood part of the loss was recovered. ,
What little news there was seemed to be j
mostly of a character '"",'""""
advance. Exporters were reported in the
market after having taken good quanti
ties yesterday. Outside cash markets were
Irregular, the southwest reporting slightly
lower prices and a moderate Increase In
country selling, while in the northwest the
demand was good and prices higher. Local
spot offerings, were small and premiums
well maintained. The world wheat situation
for the coming year can be analyzed as be
ing dependent upon the outcome of the
Argentine crops. If the latter should come
through satisfactorily there will be suffi
cient wheat to satisfy all needs, but. on the
other hand, should anything happen to
the southern hemisphere, economy will be
come necessary. At present our domestic
market appears to be in a position for a
decline. ...
Corn Market was weak during the fore
noon, but offerings were well taken and
closed strong. A decrease in corn offer
ings was reported and spot offerings held
on a firm basis, aided by an improvement
In the eastern shipping demand, as well as
some sales for export. In conneatlon with
export possibilities. attention is being
called to the relative cheapness of Amer
ican corn as compared with Argentine,
and IV is not improbable that this buying
of the past few days may prove the fore
runner of a larger foreign demand for
feed grain than we have seen in several
months. " :
ollt!1 Displayed" a weak tone and sold
early under the pressure of what appeared
to be hedging sales. The market later
turned firm with other grains. The -chhIi
market did not follow the decline in fu
tures, but held on a firm basis. There is
practically nothing to give this market
individuality and it is to ' be expected,
therefore, that prices will fluctuate in a
.moderate way in sympathy with corn.
Provisions Advanced on a -moderate vol-
5
I
We Own and Offer Subject
to Prior Sale:
$50,000Province of
Ontario, Canada
' 6 Bonds
Dated-October 1, 1920
Due October 1. 1S23
iSt
m
m
S
S
m
i
si
1
i .
tin
m
i
I
5
5
i
I
Oldest in
the
Northwest
51
ume of buying;, which met limited offer
ings. There was nothing in the way of
news to account for the upturn, and In
view of the bearish outlook we doubt that
prices cn be maintained.
Leading futures rangeU as follows:
WHEAT.
Open. Hsgh. Lew. Close.
Dec 2.1K14 2.1I4 t2.(V4(4 2.07i
March.. 2.V4.VI 2.0U14 2.1KI 203Vi
CORN.
Dec 86 .7f4 .854 .86
May m .Uli, ,esVs .W
OATs.
Dec 5 .50 .55"Si .59
May Mt .til)?, .601
METSS PORK.
33.50 '
LA RD.
19. ST ao.l-S 11-37
li-7 170 US.VI
SHORT RTBS.
Oct. .
Nov..
23.50
113.00
Nov..
Jan..
20.1A
17.30
Oct
1T.B5
15.43
IS. 15 13.45 15 U
, caan prices were:
Wheat No. 3 red, 2.24.; No. 1 hard,
JilGi 2.17.
Corn .No. 2 mixed 919Hi; No. 2 yel
low, U2V4-8J93.
Oats No. 2 whits, 6oK63e; No. 8
white, 54 Vic
RW-No. 2, $1.09.
Baj-lejn lXc1.0.
Timothy seed K 30.60.
Clover seed $120.
.Pork Nominal.
Lard $20 .&0.
Ribs $17 19.
Minneapolis Grain Market.
inNNBAjPOUlS. Oct. 14. Cash wheat:
No. 1 northern. $2.1CH 4f 2. IS; No. 2
$2.11 2.15 ; No. 3. 2.lHi, 42.11 ; No.
1 red swing. $2.11 2.16-4 : No. 2, $2.oe
2.11 No. 8. 2.01H i2.06i ; No. 2
dart northern. $2.13 ; No. 3.
2.0H 2.16?i : No. 1 dark hard Mon
tana, $2.1ttH ; No. 1 hard .Montana. $2.t034
2.ll: so. 1 durum. 2.0e2.07; No
2, $1.92.04: No. 3, $l.(Mj;2. Corn. No.
1 yellow, 899lc; No. 4. bicfliSSc; No. 5.
No. 3 mixed. 878Sc; No. 4, (
om; ; r.o. o, iwpaic. uala, JS'o. 2 white.
SIHS SlTic; No. 3. 50 T50T4c; No.
-4. 47. Barley, choice. D0l8".5c; me
dium good. bityOc; lower grades, 72y
Sac. Rye, $l.oojl.6i. No. 1 flax.
$2.92igl2.U4.
wheat futures closed: December, 12.1154
March, $2.0V4.
Argentine Grain Market.
BCENOS AIRES, Oct. 14. Wheat. 2 He
lower. Corn, lc lower. Cats, unchanged.
Weather, rainy.
Winnipeg- Wheat Fntores.
WINNIPE1G, Oct. 14. Wheat cloned.
VllVi' November- 82.28; Decemoer.
Grain at San Francisco.
9AN FRANCISCO. Oct. 14. Wheat,
Kingdom of Norway
8 Coupon Bonds
Due October 1, 1940
The Kingdom of Norway enjoys
high credit. We recommend these
bonds for investment. Offered, if,
as and when issued at the market,
to yield about 7.85.
- Circular on Request for
OR 341X
THE NATIONAL CITY
COMPANY
Correspondent offices In over
fity cities.
Portland, Iron Building.
Telephone Main 0O72.
Bonds. Acceptances. Preferred
Stock.
AND
7
SAFETY
Which do you value more
principal or interest? Our
methods assure isAi Ji.li
to purchasers of our First Mort
gagee. 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.
HIDES, CASCARA HARK, PELTS,
SULLIVAN HIDE & WOOL CO,
144 Kront St..
PORTLAND, OREGON.
-Write for Prlerm and Shipping
'logs.
WOOL, TALLOW.
Harvestinir Wheat In the dmonton District.
We Offer Subject to Prior Sale and Change in Price
The Unsold Portion City of
Province of Alberta
General Obligation 6 Gold Notes
Yielding
Exempt From All Dominion
Government Taxation
NEW WHEAT RECORD IN SIGHT
Thi year's wheat crop of the Edmonton district has been estimated at
SR.nOO.OOO bu5hels. It is expected to surpass the record -break in r yield of the
year 1U15. Estimated yields for other grains are as follows: Oats, 1I2.O00.P00
biishnls, runninp about 40 bushels per acre; bnrloy. S.0O0.000 bushels, aver
aging near 1!0 bushels to the acre, and rye. 1.7OO,0o0 bushels, with an a.ver
agre yield of 20 bushels an acre.
Edmonton is the clearing houe for the wealth represented in thi (Treat
Era In production. Juit as the prain is sent to, and throush her warehouses,
so will t he profits find their way to Edmonton's commercial establishments
and banks.
Price Subject to Increase Without Notice.
DATED SEPTEMBER 1. 1920
Maturities an Follows:
Due Sept. 1. 1?!I2 .
Duo Sept. 1, 1923.
.Price 04.82
.Price 12.45
FINANCIAL STATEMENT.
Groj assesrsed valuation $r,,ft0S.T1 5 00
Value Municipal Property not including Public Utilities) . . . 11.033. 370. 00
Xet Debenture Debt 9.4S.W7.00
Revenue from Public Utilities (above cost of operation) ... 77.77S.0
Net Local Improvement Debt (rate payers' share) S.046,73.00
In addition to being General Obligation Notes, these are
secured by long-time debentures totaling $2,594,420
Legality Approved by Malone, M alone A Lonx. Toronto. Canada.
TELErHJNE OR TELEGRAPH ORDERS AT OCR EXPENSE.
MORRIS BROTHERS, Inc.
"The Premier Municipal Bond House."
tablilied Over u ijtiarter Century.
Capital One Million Iollar.
Portland. Or., Morris Hide 309-11 Stark St.
Bruadmiy -151.
San Francisco.
Cal.
Merchants
National
Bank Blue.
J3.60gi3.65; barley, 1202.10; oats, 12.40
2.0; corn. Egyptian. 2.802.00; Califor
nia red mill. 2.S02.60.
Hay Fancy wheat. $lii2R: tame oat.
$23r25: wild oat. $17019: barley. $173r-0".
HlfTlfa. $22 W2S: strw, $14"r1.S.
II
$50,000,000
Sears, Roebuck and Company
7 Serial Gold Notes
Dated October 15, 1920. Due Serially Oct. 15, 1921-22-23
Denominations of $100, 500, $1000.
Interest payable semi-annually, October 15 and April 15.
FACTS ABOUT SEARS, ROEBUCK and COMPANY.
1. Company has over 6,000,000 customers.
2. Incoming mail aggregates over 125,000 pieces
per day.
3. Chicago plants cover an area of 37 acres.
4. Main branches located in Seattle, Washington
and Dallas, Texas.
5. Company owns controlling interest in several
manufacturing plants, the entire output of
which it distributes. .
SECURITY
Equity behind these notes is $130,000,000. ,
Sears, Roebuck and Company covenants to maintain
Current Assets equal to at least 150 of all liabili
ties, including .this issue.
EARNINGS
The Company's earnings for the last four years after
interest and before taxes averaged approximately
?2i,ooo,ooo:
PRICE
Notes due Oct. 15, 192199.20 to yield about 7.85.
Notes due Oct. 15, 1922 98.72 to yield about 7.70.
Notes due Oct. 15, 1923 98.41 to yield about 7.607c.
BOND & GOODWIN
U. S. National Bank BIdg.
Telephone Broadway 3171.
PORTLAND
BOSTON. NEW YORK, CITICAfiO. MINNEAPOLIS, SAN FH ANCTSCO,
L.OS ANUKLKK, I'H 1 1. A DKI.PMI A, 1'inSIHRli, KANSAS
CITY, ATLANTA, tiA SKA1TLE.
We Offer Our Allotment of the
$50,000,000
7 Gold Notes of
Sears, Roebuck & Company
Dated October 15, 1920 Due Serially.
DENOMINATIONS: $1000, $500, $100
This issue is a direct obligation of the Company and represents
its only funded debt. Average annual net earnings for past four
years ending December 31, 1919, before Federal Taxes, have been
$20,900,000 or approximately six times interest charges of
this issue.
Maturity Price Yield
October 15, 1921 .'. 99.20 7.85
October 15, 1922 98.72 7.70
October 15, 1923.. 98.41 7.60To
j . P e ve re a ux &(5 m p a ny
87 SIXTH STREET Investment Bonds BROADWAY 1042
Ground Floor Wells-Fargo Building '
.
3 V t t
I'M
rONi
Denominations $100, 9500 and 910O0
Principal and semi-annual interest
(March 1 and September 1 . payable in
17. S. Gold Coin in New Tork and at the
offices of Morris Brothers. Inc.
Seattle. Watth.
No. .1
Central Blflg.
Miiin T-.'?7.
Klliott 2840.
New Tork Cash Wheat.
N-ETW TORK, Oct. 14. Cash wheat.
$2.3 . c. I. f. track.
Read the Oreconinn classified ads.
4