Morning Oregonian. (Portland, Or.) 1861-1937, October 21, 1920, Image 23

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Morning Oregonian., October 21, 1920, Page 23, Image 23

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Newspaper Page TextTHE MORNING OIIEGONIAN, THURSDAY, OCTOBER 21, 1920 i. 23 REW ZEALAND BUTTER GOMES-ID. POffTUHD First Carload Will Reach This City Monday.' TARIFF CHARGE IS LOW foreign Product Adds to TTnsettle ment of Coast Market; Prices on Down Grade. . A car of Kew Zealand butter Is due In Portland Monday. It Is coining from Van couver, B. C., having jwt arrived ther on the steamer Tahiti. This is the first hfpmnt of New Zealand butter to reanh the Pacific coast this season and tt will be followed by regular monthly ship ments during the winter months. The entry of this foreign butter at a , Vow tariff rate is having a depressing ef fect on an already very unsettled mar ket. There Is a good domestic produc tion, because of the abundance of green feed, and the closing down of th eon den series has also added to tbe supply of raw material. The slump in the cheese market has likewise put a burden on the creamery industry and now comes, a stream of importations to give the market the finishing touch. Cube butter prices have been ateadlly falling. Yesterday sellers of country creamery surplus asked Mf55 cents, but few sales were reported. Prints were un changed at 58 cents, box basis, and some retailers reported a better business since the retail price was reduced to 65 cents, but in other quarters trade was slower, as there was a general feeling that the market will come down. From all that could be learned at the city creameries the present prices will be maintained during the remainder of the week. SHORT SALES OF WHEAT COVEEED K Buying by Miller at Exporters Re ported From Country, The wheat market continued weak. No buying by exporters or millers was reported from the country. The covering of short sales by a few dealers was the only busi ness seen. Bids on hard white, soft fenlte and white club were 5 cents lower on the local board. There were no offers on the other grades. Oats were easv and $2 lower on gray and 60e and $1 lower on white. Barley was unchanged. Corn bids were reduced $1 and $1.00. Kastern reports of export wheat sales were 1,000,000 bushels to Belgium and nearly 1,000.000 bushels to France. At New York, 60 boatloads were taken for export. A cable from Bamburg said Ger many will be out of tho market for at least six months. Price Current says conditions are dry In considerable portions of Ohio, Indiana, Iowa, South Dakota, Nebraska and Okla homa. Missouri conditions are favorable. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Wht Bar. Fir. Oats. Hay. Portland Wed.. 41 ... 4 ... 3 Year ago r 158 1 R7 2 9 Season to date..K?08 3 210 210 471 Year ago 3581 109 1205 254 629 TVcoma Tuea. Tear ago 83 4 8eaon to date .... Year ago 221 62 .... 93 853 Seattle Tugs... .14 1 8 8 . . . Year ago 43 R 3 9 Season to date.. 1014 102 121 114 743 Year ago 2143 125 208 258 619 ITALY RtQUKfcS AMJU&ICAX WHEAT Import at tons Will Be ef Substantial Proportions. The foreign crop and supply situation, according to Broomhall's Weekly Cable Review, is as follows: United Kingdom Weather has now turned favorable for the late harvest, which is making good progress. Plowing for the new crop has commenced under generally favorable conditions. France With the exception of very Stormy weather tn the south, conditions re favorable for seeding of the new grain crop. v Austria It Is reported that recent rains damn gad cereals to some extent. Italy Reports of the corn crop are fair and th outlook Is better. Merchants an ticipate there will be large purchases of American Kb cat, for Import requirements re of substantial proportions. Denmark Harvesting Is finished and the outturn is good to medium. North Africa Additional beneficial rains have fallen over a wide area. India Weather In the Punjaub province Is dry and food grains in this section will be only a half crop. Buying orders for wheat have not yet been Issued. Agricul tural conditions in other provinces are about fair, although more rain is wanted In parts. Tacoma SIS 36T 1 Spokane . 2,831,686 - 982.304 FWWs Grape Fruit Received. The first car of Florida grape fruit ar rived yesterday and another car la due in a tew days. The fruit wa of fair color and was put on sale at $S10 a box, sc cording to ize. A car of Emperor grapes also came In. They were quoted at 15 cents a pound. PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc Merchants' Exchange, noon session. Bid Wheat Oct. Nov. Dee. Hard white 12.00 J2.0O $2.K) Soft Wb4t 1.94 - 1-92 1.92 White club 1-93 1.9S 1.98 Oats No. 2 white 45.00 45.00 45.00 No. 2 gray -42.00 42.00 42.00 Barley Brewing 4VOO 4.0O 46.00 Standard feed 45. 00 45.00 45.00 Milrun 46.50 42.00 42.00 Corn No. 2 K. Y. Shipment 4,1.50 - 4O.00 PLOUR Family patents, fll.80: baker's hard wheat, JILwO; baker's bluestem pat ents. 1 1.25; valley, 10; whole wheat, (9.80; graham, $9.60. MILLFEED Prices f. o. b. mill: . Mlll mn, .l52 per ton; rolled barley $A5tf6l; run, $52 per ton; rolled barley, $55&61; roiJed oats. $53; scratch feed. $75 per torn. CORN Whole, 801; cracked, S64 pet ton. HAY Buying prices, f. e. b. Portland: Alfalfa, 2324; cheat, j21-22; clover, $22; valley timothy, new, 2728. Dairy and Country Produce. BUTTER Cubes, extras. 54 55c per lb.; prints, parchment wrapped, in box lots, 58c per pound; cartons, 59c, half more; butterfat. No. 1. 6253c per lb. at sta tions: 57e Portland delivery. EOGS Buying price, case count, 65c; jobbing prices1 to retailers, candled, 81 72c ; selects, 75 S 77c. CHKBPB Tillamook, f. o. b, quotations temporarily Withdrawn. POULTRY Hens, 1728c; springs, 259 27c; ducks, 2 5 35c; geese, nominal; tur keys, nominal. PORK Fancy, 2323c per pound. VEAL -Fancy, 20 21c per pound. Fruits and Vegetables, APPLE Delicious, extra fancy. $3.50 4 ; fancy, $3 3.75 ; combined fancy and choice, $2.75fj3.50; orchard run. $3.25; Jonathans, extra fancy, $2,0033.5O; fancy, $1.753.25; choice, $1.542.75; orchard run. $2 2.25; Northern Spy, fancy, $2.40 g $3; choice, $2.10(2.60; orchard run, $2.25 2.75. Rome Beauty, extra fancy, $3.25 (&3.50; combined fancy and choice, $2.50 3; orchard run, $2.35. Winter Banana, extra fancy, $33.75: fancy, $2.753.40; choice, $2.25 a 3 ; jumble pack, $2 & 2.25 ; King, orchard riTh, $1.752. Wagner, or chard run, wrapped and packed, $1.40 2.75. - OTHER FRUITS Oran-ges, $10; lemons, $4.50 5.50 per box; grapefruit, $5 10 per box; bananas, 12 13MiC per pound; eautaloupes, $2.50 3 per crate; watermelons, 1 2c per pound ; peaches, 12 per box; casabas, 23c per lb.; grapes, I- i 3 per crate, 8 1 5c per pound, 35c per basket; pears. $2&3.50 per box; huckleberries, 17 Vz 22o per pound; cranberries, $5 per .box. , VEGETABLES Cabbage, 2926 pr pound; lettuce, $22.50 per crate; cucum bers, 00 85c per dozen ; carrots, $2.25 2.50 per sack; garlic, 30c; tomatoes, $2.25 2.50 per lug; beets, $2.50 per sack; turnips, $3 per sack; egpplant, 93124c per pound; green corn. 25&30p per dozen; cauliflower, $1.75g3 per dozen: celery, 75c$1.10 per dozen; green peppers, 1012c per pound. POTATOES Oregon. $1.752.25 per 100 pounds; Yakima, $2.252.50; sweet pota toes, 54c per pound. ONIONS Qregon yellow, $1.752.25 per sack; California brown, $2 2.25 per sack; pickling, 8S10c per pound. Staple Groceries. Local Jobbing quotations: SUGAR Sack basis: Cane, granulated, 12c per pound; beet eugar, 11 :80c per pound. HONEY New, $7.50(98 per case. NUTS Walnuts, 24(34c; Brazil nuts, 35c; filberts, 35c; almonds, 31 )3c ; pea nuts, 11 (!i'12c; cocoanuts, $2.50 per dozen. RIO-E Blue Rose, llc Per pound; Jap an styl-e, 11c per pound. BEANS Small white, 64 c; large white, c; pink, 7c; lima, lO&c; bayous, lie; red. per pound- COFFEE Roasted, in drums, 25 40c per pound. Provisions. Local jobbing quotations: HAM-S All sizes, 43946c; skinned. 42 48c; picnics, 27c; cottage roll, 35c. LARD Tierce basis, 27fec; shortening. 20 He per pound. dry salt snort, clear backs, 26&300 per pound; plates, 22c. BACON Fancy, 40 56c: standard, S3 44c per pound.. Wool, CaAcara, Etc. MOHAIR Long staple, 25c per pound; short Btaple, 15c per pound. TALLOW No. 1. 8c per pound; No. 2. 5c per pound. CASCARA BARK Per pound, gross Weight, old peel, 9c; new peel, 84c per pound. woub An graaes nominal. HOPS Oregon. 1920 crop. 40c ner pound. Oils. LINSEED OIL Raw, barrels, $1.84; drums, $1.41; cases. $1.49. Boiled, barrels. 5 l.SH; drums, 1.4.1 ; cases, 91.01. TL'RPEXT ln K Tanks. $l bi; cases, $1.96. COAL OIL Tank wagons and iron bar rels. 17:c: cases, 3037c. FUEL OTI, Bulk, $2.35 per barrel. GASOLINE Tank wagons and iron bar rels, 20c; cases, 41 He Hides and relts. All prices nominal, owing to unsettled condition of eastern markets. v APPLES STEADY IN LOCAL MARKETS Few Sales Reported at Shipping Points. New York Auctions. There is a good supply of apples on the local market. Prices1 of Jonathans have been reduced about 1025 cents, but otherwise the market is steady. Few carlot sales are reported in the in terior. New York auction prices on northwest ern boxed fruit are wired as follows: Jonathans, extra fancy, medium to large, $313.50; jxmall. $2.50u: 2.75 : fancy, medium to iarpe, 2.7,$?3: few $3.25; small. $2.25 2.50; C grade, all sizes, $2.23(3 2.75. Win ter Bananas, extra fancy, medium to large, $3.504; small, $33.25; fancy, medium to large. $3:93.50: small, $2.50& 2.T5: C grade, all sizes, $22.50. Delicious, extra fancy, medium to large. $4.25 4.75; small, $3,504? 4; fancy, medium to large, $:i.50&r4; C grade, all sizes, $2.50 (?3.25. King Davids, extra fancy, medium to large. $2.50$3. Comb, extra fancy and fancy, all sizes. $3.103 30. CCGAK PRICE MAY BE RAISED One California Refiner Advance Mis List One Cent. The sugar market is firmer and there Is a good prospect of the price advancing. One of the California refineries raised its price one cent yesterday, but as the other did not follow, local jobbers made no change In their quotations and they will take no action until both of the southern refiners are in line. The same condition prevails in the east ctne refiners having advanced and other withdrawn their quotations. The improve ment in the sugar market Is due to the financial assistance given the Cubans. FRESH EGG 8 IP PLY IS BMA LL Trad Believes Prices Are About mm High As They Can Go. - Eggs were scarce and cleaned no. at at rone prices, but it is evident to sellers that prices are about as high as they can go. Candled ranch were generally quoted by jobbers at 72 cents. There was a good trade in storage eggs at 57 cent! candled. Carlots were quoted at 52 cents. Storage holdings here are 117,816 cases, as against US. 627 last week. There were fair receipts of poultry and prices were steady and unchanged. Farm dressed meats were weak, especially veal. Bank Clearings. Bank clearings of the northwestern dlies yesterday were as follows: Clearings. Balances. Portland $7.057. 2S5 $1,662,310 Saatii ,;ftti,7V4 i.77L6 BREAK IN HOC MARKET PRICES DROP ONE DOLIiAR AT NORTH PORTLAND.' Lambs Are Fifty Cents Lower i Cat tle Are Steady at Former Quo tations KetxMp-ts Fair. The weakness that han prevailed In the hog market for several days resulted in decline of $1 in prices yesterday. Lamb quotations were reduced 50 cents. Cattle were steady and unchancen. Receipts were 256 cattle, 10 calves, 853 nogs and 10 sneep. The day's sales were as follows: THE TEN PAYMENT Bay an . ncoim Month hy . Month Are Railroad Stocks Selling Too High? ' BJrer since the Increased freight rates went Into effect, the rails listed on the New Tork Stock Exchange have been advancing, and many people are wondering; how much further they will go. Thia la an Interesting; ques tion, and ita answer w gov erned by the ability of the roads as a whole to operate profitably under exlsttng Con ditions. And the outlook in this connection Is summed up in an article appearing in our Market Review In addition to covering the railroad situation, the current issue of this publication, which will be sent free upon request, contains a complete analysis of the following roads: Pittsburgh & West Virginia St. Louis-San Francisco Chesapeake & Ohio Southern Railway Great Northern Union Pacific .Ask ioT.PC-54 E. M. Fuller & Co. OoMOltdUwi Stock Kxohwc. ml N. T. SO Broad St New York. New York Nmrk CWU.d Caicso 6mea 0'"rrt Privatt Wlrtt 2 cows.. 9r,0 5.50 Bhors... 10 14. 511 2 cows. . SJ5 5.50: 1 hoc... 1!10 lfl.50 2 cows.. 9-'i5 5.501 2 hogs... 2.10 16.2" lcow... 920 6.251 1 hOR fc 2H 13.2. 3 cows.. 8-'0 S.25I18 hoss.. . 20! 16.2", 2 cows.. 8S0 "6.251 lhoK.... 350 14.5m 2 cows.. 921 .25 2hoi?s.. 195 16.25 lcow... 1100 6.251 3 hoss... 172 111.25 lcow... 750 6.251 2 hoRS... 105 16.25 lcow... 1090 7.50 6 hogs... 210 14 5(1 18 cows. . 4 3.50 4 hoss... 2:!2 10 25 14 cows.. 845 3.25111 hogs.. . 19 16.25 2 cows.. 750 3.25129 lambs.. 72 8.50 2 cows.. 1025 4.50 o lambs., ' 85 8 50 2 tows.. SfS 4.50154 lambs.. 83 8.00 3 Cows.. 920 4.00,30 lambs. . 84 8.0l' 3 cows.. 1044 4.001 8 lambs. . 86 8.50 2 cowu.. 720 3.50 6 Iambs.. 106 8.0l 3 cows. . 1006 6.ti 6 lambs.. 118 8.00 16 cows.. 972 6.25! 6 lambs.. 65 7.50 3 calves. 316 7.7,i 29 ewes. .. 125 . 4.5D 10 calves. 173-14.001 lewe. 120 8.00 lcalt... 120 15.UOI . yearl.. 100 7.0U 3 calves. 4:t6 8.50i 1 yearl.. lOO B.50 4 calves. 142 10.001 2 yearl.. 3 20 6.50 2 bulls.. 1405 5.00 6 yearl. . 124 6.50 lbull... 040 3.60 2 bucks.. 220 4.0t lbull... 4K0 ,6.00 2 mixed.. 90 4. 01) lbull... 1040 6.0On hoRS.. . 189 15.5" 3 mixed. 703 4.501 1 hne 330 13 00 TBhoes.. 193 16.501 3 hoes... 210 16 50 76 hogs.. 185 16.50il0 hogs.. . 185 18.50 5 hogs.. 130 15.00' lhog.... 2S0 14.00 2 hogs.. 355 14.50 2 hogs... 230 16.50 4 hogs.. 140 15.001 !hnn... 270 14.00 S5 hogs. . 195 16.50 4 hogs... 177 16.50 75 hogs.. 185 16.50, 7 hogs... 171 16.50 10 nogs.. 142 la.OO; 2 hogs... 460 14.50 1 Hog... 140 lo.OOl 2hogs... 200 16.50 4 hogs.. SO0 14.50 2 hogs... 170 16 23 14 hogs.. 201 16.50 10 hogs.. . 203 10.75 lhog... 250 16.251 lhog 220 10.50 2 hogs.. SSo 14.00, 1 steer... 950 5.73 3 hogs.. 166 15.00112 Cova..: .857 7.0i 5 hogs. . 236 16.56. 3 cows... 906 4. Si 6 hogs.. 103 16.50 2 cows. .. 8:10 3.5J Shogs.. 1,6 16.50: 2 cows.. 1033 5.75 23 hogs.. 197 16.25. lcow.... 10:t0 3.5U lhog... 2S0 14.25 lcow 7S0 3 5 17 hogs.. 207 16.25 12 lambs.. 81 8.50 Shogs.. 3S3 14.501 4 ewes.,. 132 4.00 70 hogs.. 213 16.60 4 yearl.. 113 7.10 17 hogs.. 232 16.25( 45 hogs. . 242 16.50i z hogs. . 51HJ 14.50J 7 hogs. . 181 16.501 8 hogs. . 215 16.5 The following are livestock quotations at the Portland Union stockyards: Choice grass steers 9.00r .7o Good to choice steers 8.00 9.00 Meaium to good steers 7.oo3i h.uu atr to good steers b.ooftt 7. on Common to fair steers 5.75oj 6.50 Choice cows snd heifers ...4 6.75 7.50 Good to choice cows, heifers... 5.75(356.75 Medium to good cows, hellers 4.7i(fi' o.T r'air to medium cows, heifers 3.75'ii' 4.75 tanners 2. i;i'(p A. 1.: Bulls 5.00 6.00 Choice dairy calves 13. OO 15.00 rnme llgnt calves .......... iiwi u.ttii Meaiura light calves 9.O0(B11.00 Heavy calves 7.oo8 U.O" Best feeders 7.00 7. Fair to good feeders 6.000 7.00 Mr," c Prim,' mixed le.OOSi 18.50 Medium mixed 15.oO$rl6. Smooth heavy 75.50(9 In. Rough heavy 12.004114.50 Pigs 12.0O 15.0W East of mountain lambs 9.00 9.50 Valley lambs 8.O0W S.50 Feeder lambs s.oow 8..o Cull lambs 5.00Si COO Yearlings 6.0OW 7.50 Wethers e.CHXW 6 50 Ewe. 2.25'f B.OO Omaha Livestock Market. OMAHA. Oct. 20. Hogs, receipts 5000; market 25 to 60c lower. Bulk medium and HSrht butchers. $13.25 13.7o : top. !3.8i.: bulk' strong weight and packing grades. Hi 3 a ix 25. b attle rteeeipis, sovu: gooa ana enoice steers and she stock steady: fed yearlings. $16.30; in between and low grades, steers and Butcher stocK slow, mostly hoc lower, veals steady, stockers and feeders steady 25c lower. Sheep Receipts, 20,000; killing classes steady: top lamibs, 112; yearlings, as. 00: wethers, $7.25; ewes, sotiw; ceeaers slow; top feeding lambs, $12.10. Chicago Livestock Market. CHICAGO, Oct. 20. Cattle Receipts, 8OO0: good steer, strong to 25c higher. few choice offered; bulR, dry tea, S15.0U (16.50: medium and common kinds, steady to stronger. $9(&"'14.o0; good and choice cow, $.759.50; stronger; otners, $o.2.hji 6.50; slow; canners, $3,7544.25; bulls. strong to 15c higher: DOiognas, bB.l calves, opening slow: vealers mostly $13.1 (Tx'14.25; desirable feeders strong; nth1! Wet. Pr.l Wgt. Pt. 5 steers. 597$ 7.25 Shogs 193 $16.50 2 steers. 8,5 7.25 2 hogs.. 1.50 15. .50 1 steer. . oo 7.25; 5 hogs... 16S 16.50 1 steer. . 890 7.25j lhog.... 250 15.50 3 steers. 1O70 8.50; 5 hogs. . . 18 16.50 lOsteers. 1101 8.00! .Shogs... 173 16.50 13 steers. 111S 7.50, lhog.... 390 15.50 -2 steers. 1210 7.501 7 hogs... 192 16.50 42 steers. 9ti2 7.00! 2 hogs... 205 16.50 1 steer.. 720 6.50 Shogs... 228 16 00 1 steer.. 1070 6.00! 7 hogs 287 16.00 1 steer.. KIHO 6.00! lhog 310 14.50 2 steers. 1190 S.501 2 hogs... 2S5 15.50 2 steers. 10S5 8.50; Shogs... to&4 15.50 1 steer.. SU0 8.50 35 hogs. . . 176 16.50 1 steer.. OOO 7.5018 hogs.. . 213 16.5(1 4 steers. 977 7.50: 6 hogs... 206 1 6.50 4 steeri. . 22 7.00173 hogs. . . 1K9 16.5 13steera. 893 7.25 19 hogs. . . 167 14.50 lcow... 710 3.50I1H hogs.. . 1S5 15.50 4 cows.. 752 3 00' 4 hogs. .. 307 14.50 lcow... 1090 45.0 47 hogs.. . 207 16.50 3 cows. . 913 3.50 2 hogs... 210 16.50 lcow... 67o 4.501 4 hogs 197 16.50 lcow... 690 4.501 hogs... 212 16.25 2 cows.. 770 4.60: 4 hogs... 170 15.25 lcow... 810 3.50 4 hoes... 19T 16.00 lcow... 690 5.501 6 hogs... 226 9 00 lcow 110O 5.75 3 hogs... 3S6 14.00 lcow... 610 5.00 8 hogs... 203 16.50 Scows.. 852 5.00 lhog 250 16.23 12 cows.. 915 5.25j 2 hogs 333 1 5.50 11 cows.. 413 8.001 2 hogs... 195 1G.50 Scows.. 8:16 6.50i OhoJfs... 205 16.25 4 cows.. 745 5.501 9 hogs... 198 16.50 lcow... 650 S.50j 2 hogs... 200 16.00 Service to Clients This office has a reputation for delivering- to its clients service that satisfies. JOHN SCHIBEL Insurance Broker and Adviser. Wilcox Bldg. Slain 8020 Rental Values SOME buildings rent at a very satisfactory figure, while others do not even pay for their upkeep. We have specialized in increasing the efficiency in both management and operation of office, hotel, apartment and industrial buildings for a number of years. 0ur business is to man age and develop property. Strong S Maclauhton PO ( V CORBtTT BUILDING VI """ON INSURANCE WE WRITE ALL LINES C. De Young & Co. Main 7351 810 Spalding Bldg. CITY $6,000,000 OF ZURICH SWITZERLAND Twenty-Five-Year Sinking Fund Gold Bonds Dated October 15, 1920. . Due October 15, 1945. Principal, premium and interest payable in U. S. gold coin at the offices of the fiscal agents, Ballgarten & Co., and Blair & Co., Inc., in New York City, free of any Swiss gov ernmental or municipal taxes, present or future. Interest payable April 15 and October 15. Coupon bonds in denominations of $500 and $1000, may be registered as to principal. v During the first five years of the life of the loan the bonds are not callable, but the city has agreed to purchase, through the fiscal agents of the loan, beginning with April 15, 1921, and up to and including Octo ber 15, 1925, bonds of this issue at prices not exceeding 107 and inter est, if purchasable in the market at such . price, in semi-annual amounts equal to 2 of the maxi mum principal amount of bonds at any time outstanding. Beginning with April 15, 1926, the city agrees to pay . seihi-annually to the fiscal agents of the loan as a sinking fund to be used for the redemption by lot of the bonds on two weeks' pub lished notice at 107 and interest on said date and subsequent interest dates a sum equal to at least 2 of the maximum principal amount of . bonds at any time outstanding taken at 107 of their face value. The city reserves the right to increase the amount of any such sipking fund -payment after October 15, 1925. All bonds so purchased or redeemed are to be canceled. Zurich is the largest city in Swit zerland, having an estimated popula tion of over 210,000. In addition to being the banking center of that country, it is its chief industrial and commercial city. In ordinary times it has had no difficulty in borrow ing in the home market at prices yielding approximately from 312 to 4 interest. Valuation of property subject to taxation, 1919-1920 $522,000,000 City -owned real estate and income producing property...... 54,000,000 . Total funded debt of city, including this issue 40,450,000 Income, all sources 1919 , 8,000,000 Income from investments and profits of productive enter prises of city 2,100,000 Last Item in 1919 was $180,000 in excess of interest on funded debt. This excess in 1920 should be $525,000) We offer subject to prior sale and change 'in. price The Unsold Portion General Obligation 6Gold Notes City of Edmonton Province of Alberta in Exempt From All Dominion Government Tax Edmonton. Alberta's capital, wltb 60,000 to 70,000 population. Is t industrial city, as ell as the distributing, corornercial a.'nd financial center of a great agricultural and livestock mpir. Over a hundred industries are represented in Edmonton. LAmongthtse are: Lumber Mills Wood-Working Factories, Mea-Pgckingllauts, Shoe Factories, Flour and Cereal Mills, Manufactwpunir Furriers. '. Machine Shops, Railway Division Shops moid a great Coal Mining Industry. Prices Subject to Increase Without' Notice xie o. g 9 DATED SEPTEMBER 1. 1920. Mararttr M Foll.wa: Due Sept. 1. 1923... Price 94.82 TtanointimtloTi. SlOo. S.S0 and S3AOO. Principal and semi-iuinuaLl Interest (March 1 and Ssntember . 1 ). pavable In C. 8. Gold Coin In New TJork and at the offices of Morris Brothers, Jne. In addition to being General Obligation Notes, these are secured by long-time debentures totaluxgiS2.594,420 It is expected that application will be made in due course to list this issue on the New York Stock Exchange. The above financial statistics are . expressed approx imately in dollars, being computed at the normal rate of exchange. We are receiving subscriptions, subject to allotment, for the above bonds at 9954 and accrued interest. Bonds offered when, as and if issued and received by us and subject to approval by coun sel. Interim receipts ot temporary bonds will be deliverable pending the preparation of definitive bonds. Circular on request. HALLGARTEN & CO New York BLAIR & CO., ia New York San Francisco Chicago HALSEY, STUART & CO. Chicago New York The statements presented above are. obtained, partly by cable, from official or other sources, which we believe to be reliable, but are not guaranteed by us. All the above bonds having been sold, this advertisement appears as a matter of record only. October 19, 1920. an stockers slow; receipts westerns, $35; market steady: bulk, $7.73(911. Hogs Receipts, 15,000, market slow, 25 to 50c lower than yesterday's average; top, $14.85; bulk llg-ht and butchers. 14W 14.50; bulk packing- Sows, 13.25 13.50; pigs, 25c lower. Sheep Receipts, 16,000; fat lambs ac tive, 25c higher, choice Idaho, $13; top. natives, $12.25; bulk, $1112; fat sheep steady; toy ewes, $6; bulk, to.23.75; feeders active 25c higher; choice feeder lambs, $12.40. ' . Kansas City livestock Market. KANSAS C1TT, Mo., Oct. 20. (XT. 6. bureau ol market!.) Cattle Receipts 13, 500. Fat cows and heifers steady to weak, bulk $5.50G.50; calves opened most ly 50c to $1 lower, closing $1 to $1.50 lower, few choice early 1414.50 bulk good kinds. 12Jil2.50; all other classes around steady: canners, $3.75fe4; top year ling steers. $17. others $818.50. sheep Receipts 12.000. slow. Sheep steady; fat lambs steady to 25c lower; top westerns. $12.25: feeding lambs steady. Seattle livestock Market. SEATTLE. Oct. 20. Hogs No receipts. Loans oversubscribed Sears, Roebuck&Co. loan were opened and closed the same day. with the loan greatly oversubscribed. We subscribed for a large amount In excess of actual orders in hand and have available out of our allotment a modest amount of these 7 Gold Notes of one of the great est mercantile concerns in America, (the largest mail-order house in the world) at the orig inal subscription prices to yield 7 60 to 7.S55, without deduc tion of 2 Normal Federal In come Tax $100. $500, $1000 1 yr. 7s at 99.20 to yield 7.85 2 yr. 7s at 98.72 to yield 7.70 3 yr. 7s at 98.41 to yield 7.60 City of Zurich Switserlamd. This loan was open only a tew hours and was heavily oversub scribed. 25-year 8 Gold Bonds 'payable from 4 annual sink ing fund at 107. Price par and interest subject to allotment. We have available at the orig inal subscription price a modest amount 25-year 8s at 100 to yield 8.28. to 18 Cash or partial-payment plan. Wire orders collect. these offers are subject to with drawal or advance in price without notice. steady. Prime, $1717.60; medium to choice, $18.50 17.50; smooth heavies, (15 a 15.60; rough heavies, tl313.60; pigs, $13 14. Cattle Receipts 441, . steady. Prime steers. $9.5010; medium to choice, S8 0; common to good, $67.50; best cows and heifers. $7.157.75; medium to choice, 67; common to good, $4.606; bulls, $4 j)5; calves. $7&15. Dried Fruit at New Terk. NE"VV TORK, Oct. 20. Evaporated ap ples quiet. Prunes barely steady. Apricots neglected. Peachls easy. Raisins steady. Naval Stores. SAVANNAH, Ga.. Oct. 20. Turpentine steady, $1.03; sales, 850 barrels; receipts. 118 barrels; shipments, 3S8 barrels; stock, 21.449 barrels. Rosin steady; sales, 279 barrels; receipts, 1050 barrels; shipments, 322 barrels; stocK, 52,028 barrels. Quote: B, $10.95(911; D, k.. F, a, H, 1. K, M, N, WG. WW. $11.40. Metal Market. NEW TORK, Oct. 20. "Copper; Iron, an Umony, lead and sine unchanged'. Tin firm, spot and nearby, 39.75c; fu tures, 40.50c. Cotton Market. NHTW TORK, Oct. 20,Spot cotton quiet. Middling. 20.50c. ; FIAXC1AL STATEMENT ' Gross assessed valuation t$P,er5.T15 09 Value Municipal Property (not including Public Utilities). 11.035.378.00 Net Debenture t)ebt Revenue from Public Utilities (above cost of operation). Net Local Improvement Debt (rate payers share) ....... ..- B.4SK.SB7.0O 767.77S.OO ... S,0e4,73.uO legality Approved by M alone. M alone Ss Losg. Toronto. Canada. Telephone or Telegraph Orders at Our Expense MORRIS BROTHERS, Iric. Established Over a Quarter Century. 1 "The Premier Monlrtp! Bond Home," Portland. Or. Morris Bull din. SOS-11 Stark. Broadway 2151. Seattle. Wash.. Central Bide. San Prmnrtaco, CaL, Merchants National Bank Bide. Capital One, Mini n DolLu U NORTHWESTERN BANK BLDG. g Bad Debt Losses Paid as They Occur The Special "Interim Payment" Policy of The American Credit-Indemnity Co., per mits, the Policyholder to receive payments from us as many times during the policy period as covered. Excessive Losses occur. The. Detroit Gear and Machine Co., of Detroit, write us as follows: "We wish to acknowledge receipt of your draft for 18,005.O0 given to us by your representative this mornine. "This payment is in settlement of a loss which we sustained on a debtor who enjoyed the very highest rat ing by the mercantile agencies; the payment is also made in less than 30 days since the loss occurred. . "We are able to make this recovery from you now by virtue of the Interim Adjustment feature of your policy, which must be very attractive to anyone extending credits." Another letter is that from the J. C. West Lumber Co. of Cincinnati, who write: "We beg to acknowledge the receipt of your draft for j?3765.90, which' has just been given us by your rep . resentative. "This prompt settlement which is in accordance with the Interim Adjustment feature of your policy enables as to have the use of this money in our business actively and all future claims under the bond are still Covered." If you are a manufacturer or jobber, you top will benefit immeasurably by this broad protective service.. Don't fail to look into the matter -write of phpne for the full particulars today. - Payment t$ Policy holders about $10,000,000.00 AMERICAN CREDIT-INDEMNITY CO. Of NEW YORK E.M. TREAT, president. ' ISSUKS ttANDMD Ul.liTD POLICIE Mr. H. T. MacRill Board of Trade Bldg. "Phone Main 1179. Portland, Oregon We Own and Offer Province of BRITISH COLUMBIA 6 GOLD BONDS Due October 1, 1923 Price: 94.83 and interest to yield Province of ONTARIO 6 GOLD BONDS Due October 1, 1923 Price : 96.68 and interest to yield City of CHRISTIANIA (Norway) SINKING FUND GOLD BONDS Due October 1, 1945 Redeemable at 110 from 1925 to 1930 and at 107 from 1931 to 1945 Price: 100 and interest to yield over Principal and interest on all the above issues payable in United States Gold Coin in New York City. . flkPevereaux 5i(5mpany 87 Sixth Street. INVESTMENT BONDS. Broadway 1042. Wells Fargo Buildieg. ft Above is th "chop (trademark) registered in China by Asia Banking Corporation Asia Banking Corporation Head Office 35 Broadway New York Capittl 1 4,000,000 Surplus and Undivided Profits 1,489,362.54. An American Bank for Trade with the Orient Branches in the Far East SHANGHAI HANKOW PEKING HOGKONO TIENTSIN CHANGSHA MANILA CANTON This Corporation invites conferences with those desir ous of entering into trade relations with China or other sections of the Orient, as well as with firms who wish to extend their business with those countries. Represented by First National Bank of Portland Oregon Municipal Bonds Rate. Maturity. Yield. Douglas County, Or., Road . . . . 4 . k . 4V& 4-l-'26 6.90 Benton County, Or., Road 5 9-l-'27 5.90 Enterprise, Or., Imp 6 4-i-'30 6.00 Salem, Or., Refunding 6 10-15-'30 5.80 Sumpter, Or., City Hall.... 6 5-l-'40 '6.00 North Bend, Or., Imp 6 3-l-'30 6.00 Ashland, Or., Imp. , . 6 10-l-'30 6.Q0 U. H. S. D. No. 1, Mdrrow Co., Or . . . 6 3-l-'40 . 5.90 U.H.S.D.No.2,MultnomahCo.,Or..6 4-l-'21 5.90 Detailed information on any of the above issues furnished upon request. arstens & Eares Incorporated Established 1891. Government, Municipal and Corporation Bonds. Third Floor, U. S. Bank Bldg. Bdwy. 4108. . ;