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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 27, 1920)
THE MORNING OREGOyiAX, rtVED'yESDAY, ' OCTOBER 27, 1920 17 K fv WHEAT HERE ABOVE EXPORTING Foreign Countries Undersell Pacific Coast. EAST HAS ADVANTAGE Only Trading Reported In North west la Between Dealers Who Have Outstanding Contracts Although there are further reports from the east of export sales of wheat, no export business is being worked here. Prices cur Tent In this territory, according; to shippers are out of line and they figure It will be some time before the market settles to a point where export buying can be resumed. Canada Is selling wheat to England under the Pacific coast market and would bo shipping grain to this side of the boundary if transportation facilities were available. Argentina is also under the American market and so Is Australia? In dia has sold choice white Karachi wheat to nrland at 117s per. 400 pounds for November-December shipment and has sold some wheat to France. The local wheat market was higher yes terday following Chicago, wrier there was a sharp advance because of export sales and the better tone of British labor advices. At the Merchants Exchange hard wnite bids were raised 5 cents and white club and soft white 6 cents. Bids for hard winter, Northern spring and red Walla were again posted. The only business reported in the coast markets was between dealers.- A number of shxrts are still uncovered, but the amount of contracts outstanding Is said to be small. "Word from the various country districts was that farmers were not selling. The coarse grain market was firmer twlth wheat. Oats bids were raised $1.50 2 and barley was 50ci&$1 higher. Eastern corn offers ranged from unchanged to 50 cents higher than Monday. According to 'eastern advices Monday's export wheat sales included 1. 000,000 bush els to Belgium and 1,000.000 bushels to Spain.. Corn sales were 230,000 bushels to Germany and five boatloads to Holland.- Regarding the flour situation, a Chicago bulletin says: "Bakers are reported over stocked with three to six montha sup plies. The Jobbers situation is entirely dif ferent; two o rthree have large stocks, but nearly every one is following a policy of not purchasing from millers until he has sold tne flour. All are anticipating a decline. Weather In Argentina continues favorable and the bright prospect for the new crop 4s maintained. At Buenos Aires wheat closed 2 cents lower yesterday. Corn cloEed unchanged. At Liverpool corn closed firm. The Brit ish wheat ccmmiss.on still remains out of the market. United Kingdom stocks of wheat and flour appear sufficient until next March, when Argentine wheat will be offered freely. There was a falling off in clearances fronyhe Danube and Russia. Indian wcatherfe too dry for fall seeding. Terminal receipts, in cars, were reported hy the Merchants' Exchange as follows: Wheat. Bar. Fir. Oats. Hay. Portland, Tuesday. B Year ago Season to date... Vtar ago Trtroma. Monday. Year ago eapnn to date... Year ago 57 . 0i4 .3S4fl . 51 . OR .24-Vi .247:t 6 32 . . . 6 fiS 223 214 521 112 134l 265 6:i 7 3 4 1 . . . 2 4 2f 315 fta 347 ,":t ... 95 373 range"bf from 48 to 50 cents, but there was little demand mM most of the cream eries were weH supplied. Pasturage is good, cream more plentiful and the make shows an increase. '- Eggs continued firm, with fresh, ranch arrivals very small. Country-dressed meats were , weak and lower, veal selling at 18 cents and pork at 21 cents. Poultry was steady with mod erate receipts. CAPE COD CRAXBEBR IBS SHORT Movement to Western Markets la Now in Full Swing. With the ending of cranberry picking on practical ry every Ca-pe Cod bog last week a general estimation of the season's crop i that it has fallen much shorter than predicted earlier in the season and Is more than 100,000 barrels under that of last year's yield of 3-66,000 barrels. -The president of the Capo Cod Cranberry Grow ers association believes that 250, 0OO bar rets total the entire crop for this fall. The season is generally conceded as hav ing been a very unprofitable one for grow ers. Dissatisfaction is widely expressed on the cape- over the present situation of cran berry growing. Although the crop was small this year and expenses were the highest yet known 1n the industry, the o-pening selling price of $8.50 a barrel, the same as laat year, has been maintained. Shipments of tho late berries to tho Fa.-J cific coast are in full movement for the Thanksgiving sales, the fruit vgoing by aolid trains a far as Chicago. EXPORT TRADE WILL BE HELPED Reduction of Freight Differential Favoring Flour Welcomed by Millers. MINNEAPOLIS, Minn., Oct. 26. (Spe cial The Northwestern Mlller'a weekly review of the flour trade says: "The main mews of tho week has been the announce ment of the ship-ping board's decision 1 to reduce the ocean freight rate differential between wheat and flour from 23 cents per hundred pounds to 5 cents. This tardy but welcome announcement will help in restoring America's export flour trade, which had been almost destroyed by the board's previous action. "Otherwise the flour market has been totally lifeless, as buyers are afraid of the" unstable wheat situation. Prices as yet show no effects from the farmers' threat to h6W their wheat for $3 a bushel and the foreign crop news is generally bearish. The mills continue to operate at about half ea.pac.ty." More Southern Oregon Grapes In. Since the rain ceased, receipts of south ern Oregon Tokay grapes hare become larger. They are of fine quality and sell readily at $3.50 a crate. A shipment of California fresh figs was received, yester day and offered at $2.73 a box. Bank Clearings. Bank clearings of the northwestern cities yesterday were as ioiiows : Portland Seattle . Tacoma Spokane Clearings. . . J6.121.&&1 . . 6,075, 7f5 91 4.2H6 .. 2,075,716 Balances. $i,:J54.3yo 1,343.674 95.084 7S1.424 PORTLAND MARKET QUOTATIONS Grain, Floor, Feed, Etc Merchants' Exchange, noon session. Bid Nov. Dec. $2.05 $2.05 2.U2 2.02 2-.OT 2.07 1M4 1.94 1.03 1.95 1.92 1.92 46.50 46.30 44.00 44.00 47.00 47.00 46.50 46.50 45. 0O 42.50 42.25 40.00 44.50 4:i.50 APFLES ARE SLOWER IN NORTHWEST mi Some Cancellations Reported From Ship pins; Points. The local apple market was slow yes terday. Reports from the country were of few new sales and many "cars shipped un told. Some cancellations were also re ported. Prices at Washington shipping points ranged: Wena tehee valley. Wine saps, extra fancy, $2.25; fancy, $2. Stay mans, extra fancy, $2. Delicious, extra fancy, $2.75. Yakima valley, Jonathans, medium to large, extra fancy, $2.25; fancy, $2. Rnmes, fancy, large, $2. At the New York auction, northwestern boxed fruit 'sold as follows: Jonathans, extra fancy, medium to large, $3.25(3.50; few, $3 65; small, $2.?5(g 3 ; fancy, "medium to large, $2.50(g3; C grade, all sizes, $2 2.50. S-pitsen bergs, extra fancy, medium to large, $3.50 4; few, $4.25: small. $3.25 3 50. Delicious, extra fancy, medium to targe, $3.75 & 4.25. mostly $4; small, mostly $3.50. Winter bananas, extra fancy, me dium to large, $3.503.75. Romea, extra fancy, medium to large, $3.2,53.75, mostly $3.50, few high as $4; smalt, $2.75 3. : MELBOURNE SALES ENCOURAGING Fair Prlcos Obtained for Poorer Grade of Wools. Reports from the first of tho Melbourne wool sales were a little more encouraging than those from sates at Adelaide, though the wool from the year's clip, reports in dicate, are below the average. It Is shorter and there Is more than the average of tender wool. Sixty per cent of the offer ings were withdrawn. The best wools brought $1.11. clean basis, though tho trade had expected as high as $1.25. However, in view of the relatively poorer vtyle than the average for these wools, prices received indicate that the sale Is in line with those which have preceded it this year. CUBE BUTTER MARKET UNSETTLED Make la Good and Demand From Cream eries Is Light. The cube butter market was quiet and unsemed. tales were made at a wide AN INCOME . Every Month. Group buying is one of the most attractive forms of in vesting. Diversified h o 1 cl ings give the maximum of safety, yield and possible market profits how our TEN PAYMENT PLAN may be used to give a steady monthly income yet safe guard your principal with the same good judgment ag used by a savings bank. Fully described in our latest circu lar, PS-24. Sent Upon Request This week's Market Letter covers 30 active stocks, smonf which are: American Writing Paper ... Mrrrltt weets Company '. . Heela Texas (', Mpisslnic H. & B. WOLF & CO., INC. Stocks, Ron ln aad For el km Kxchanse . " nek: California brown. $202.28 per aack; pickling. ofelOo pgr pound. Staple Groceriea. Ixcl JobbiDff quotations: . SUGAR Sack basis: Cane, granulated, 13c per pound; beet sugar, H.SOo per pound. HONEY New, JT.SOWS per case. NUTS Walnuts, 2434c: Brazil nuts, Sc; lilberts, 35c; almonds, 31632c; pea nuts. .11 12c: cocoa nuts. $20 per dozen. RICE Blue Rose, lltte per pound; Jap an style. He per pound. BEANS Small white, c: larre white. : pink, Tc: lima, 10 He; bayous, lie: red. Shic per pound. -COFFEE Roasted, bulk: drums, 81 41c per pound; sacked, 2227c per pound. SALT Granulated. bales, 3.0(Se4.25: half ground, ton. 50s, tl9.75; 100s, 18.23 lump rock, J26.50. xToTislons. Local Jobbme; quotations: HAMS All sizes, 43946c: skinned. 42 8c; picnics. 27c; cottage roll. 35c LARD Tierce "basis, 27 Ma; shortening, 20 He per pound. DRY SALT Short, clear backs. 26 Per pound: plates, 22c. BACON Fancy, 40 56c; standard. 33 1 44c per pound. Wool, Cascara, Etc MOHAIR Long staple. 25c per pound; short staple, 15c per pound. TALLOW No. 1, 8c per pound; No. 2. 5c per pound. CASCARA BARK Per pound, gross weight, old peel, 8c; new peel, 8ftc per pound. WOOL All grades nominal. HOPS Oregon, 1920 crop, choice, 40c per pound. Oils. LINSEED QTL Raw, barrels, 1.34: drums, 1.41; cases. $1.49. Boiled, barrels, 1.36; drums. 1.43; cases, 1.51. TURPENTINE Tanks, 11.81 ; cases. 31.es. COAL OIL Tank wagons and iron bar rels. 1714c; eases, 30937c FUEL OIL Bulk. $2.35 per barrel. ' GASOLINE Tank wagons and Iron bar rels. 29c; cases. 41hi c. ' -' .-. Rides and Pelts. All prices nominal, owing to unsettled condition of eastern markets. i TIGHT MONEY IS FACTOR PRICES ARK AGAIN IRREGU LAR IN WALIi STREET. United States Steel Report Not Made Public Until After Close of Session. American Stir Am Sum Tob Am Tel Tel Ameri Woolen Am Z L & S Anaconda Cop Atchison .... All Glf 41 W In Baldwin Loco Balti & Ohio Bethle steel B But & Sup Cop Cal Petroleum Canadian Pacif Centrl Leather Chandler Mtrs Ches-& Ohio.. Chi Mil A St P Chi & N -W Chi R I & -Pac Chino Copper. . Coin Products Crucible Steel Cuba Cane Bug Eriev 7 Generl Electric General Mtns Grt North Pfd Gt Nr Or ctfs Illlisnis Central Inspir Copper Int Me MaTfd Interna Nickel niterna Paper Kan Cty South Kenne Copper Louis & Nash Alex Petroleum Miami Copper Mid States Oil Midvale Steel Missouri' Pacif New York Cen N T N H A H Nor Western Northern Pac Ok Prd & Rfg Pan-Am Petrol Pennsylvania.. Pitts & W Va Ray Con Cop Reading .... Rep Ir & Steel Royal D N Y Shell Tr & Td Sin Oil & Rfg Southern Pacif Southern Rwy S O N J Pfd. Studebak Corp Texas company Texas & Pacif Tobacco Prts Tranconti Oil Union Pacific U S Food Pdts U S Ind Alco U S Rtl Stores U S Rubber. .. U S Steel U S Steel Pfd Ttah Cnnn,r. . West Electric Willys-Overid. U S Lib ..2.80!Panama 3s ep..78 do let 4s 80.80!Am Tel A Tel 6s 96-$, do 2d 4s ". .88.80'Atch gen 4s.... Ti . .KVt.S'J D & K G 4B.... B7 . .88.30'N Y Cent 8s.. .. 024 . .90.S0;Nor Pacific 4s.. 784 ..88.80! do 3s 57 . .9.2)Pac TAT Bs..R5 .96. 181 Penn'-cn 4&s...!H4 lOlli'S P cv 5s Nil 1014!so Ry 5s 8!H "105 Union Pac 4s 81 .10554IU SS Steel 6s... U3 1.8O0 . 100 Wr . 104 hi 104 M 7O0 S7 87 . 87 4i l.SOO lOO ' 74 - 90 vs -) 72 . 71 i 71i " ioo ii ii r ii 1.100 67 ' so 5Ui 1,400-- SSli ' SiVi' SS'm 60-' 14.V k 144. 144 8.BO0 1154 114 "i .1144. 1.S00 47 44 ' 47 3,5O0 7144 70H .T1 21(0 a 6S 6 - 5O0 27i 27 "4 27 H 1.SOO 12.-H 12514 125 11,0X 394 3S9 3S 5"0 S5 W 84 85 200 67 87 67 7,100 42 4 1H . 41 500 82 81 . '. 87 60O S7t 37 87?i 1.60O 25 24 24T4 1.S0O- S:l 821 S21 500 129 12S 128 800 S4 34V4 S4M 1,0"0 1S4 1SV , IS1 300 138 138 ' 13814 29.3UO 17 17 1714 1,300 87 1 & 87 2(0 S " 34S, 34H 1O0 94 94 V4 1,500 43 tt 43 H 43 5oo 7r 70S to SO0 17!i 17H .17 . 2.SOO 71 6Si 6S 4O0 24 2i 24'i 500 22 '4 2214 2214 200 lOtHi -1064 106Va 11.700 . 13V 11 Vs 193 1.400 19 18 IS 6.500 -14 .14 14H 8IK ' '3814 38 9O0 ' 27 27 Vi 271 2.100 82 81 14 .81 7O0 334 . 32 32 100 98 OSfe IIS 2.50O 89 li 89 . 8914 2. 1O0 414 44 41 8.6O0 9114 SOli 91 ' 6.100 43 43 4344 3.5I0 33 324 33 SO0 14 ' 13 13 4,600 9714 96 97 2.700 79 77 78 S.700 78 V4 M 78 600 50 49 50 5. MOO 32 32 32 2,500 99 . 98 U 2,000 31 80 30 BOO 105 105 105 3.900 5S 57 58 V4 20.OO0 52 ' 51 52 17.SOO 24 22 24 5.700 BS 67. 67 1.400 12 11 12 l.OOO 127 127 127 SO0 48 47 47 300 84 83 83 16.SOO 75 74 74 2.900 77 7B 77 18.0'M 89 89 S'. . 50 107 107 107 . . 4lO 58 5T 58 1 500 47 IMIt 46 6.6O0 10. 10 10 BONDS. Ariz Coml Calu Ariz. Centennial Cop Range . . East Butte . . Franklin .... Isle Royale . Lake Copper Mohawk . . . Bid. Wheat Oct. Hard white $2.03 Soft white 2.01 White club 2.03 Hard winter 1.94 Northernsprins ........ 1.95 Red Walla 1-92 Oats No. 2 white 46.50 No. 2 gray 44.01 Barley Brewing 47.00, Standard feed 40.00 Millrun 47.50 Corn No. 3 E. Y. shipment ..44.00 No. 3 Y. delivery 44.50 FLOUR Family patents, $11.40; baker's hard wheat, $11; baker's bluestem pat ents, $10.75; valley, $9.90; whole wheat. $9.80; graham, $9 80. MILLFEED Prices f. o. b. mill: Mill run, $51 per ton; roIJed barley, $5t557; rolled oats. $53; scratch feed, $74 per ton. CORN Whole, $ji; cracitea, sou per tan. HAY Buying prices. I. o. o. portiana: Alfalfa,, $22.5023.50: cheat, 22Sij23; clover, $23; valley timothy, $228; East ern Oregon timothy, $30. Dairy and Country Produce. BUTTER Cubes, extras, 48 50c per pound; prints, parchment wrapped, in box lots. 35c per itouM; cartons, ooc, nan more; butterfat, No.. 1, 4849e per lb. at stations; 53c Portland delivery. EGGS Buying price, case count. 65c: lobbing prices to retailers, candled, 70 75c; selects, 77c. CHEESE; Tillamook, triplets 28c, f. o. b. Oregon triplets, 29c; Washington triplets, 30c; Young American. 82c. POULTRY Hens, 20ijti2Sc: springs, 23 25c: ducks, 26(&;35c; geese, nominal; tur keys, live. 43 45c. vS.' PORK Fancy, 21c . per pound.. . VEAL Fancy, 18c per pound. , Fruits and Vegetables. .. APPLES Delicious," extra fancy,. $3.59 4; fancy, $33.73: combined fancy and choice. $2.753.50; orchard 'run, ' $325; Jonathans, extra fancy, $2.00(5:3.50: fancy, $1.733.25; choice, 1.502.75r' orchard run, $22.25; Northern Spy. fanc,$2.40 tp$3: choice. $2.102.60v orchard 'run. $2 23 2.75. Rome Beauty, extra fancy, $3.25 &3.50: combined fancy and choice. $2.fi0Q 3; orchard run, $2.35. Winter ' Banana, extra fancy. $33.75: fancy, $2.7568. 40j choice, $2.253; jumble pack, $22.24; King, orchard run, $1.752. Wagner, or chard run, wrapped and packed, $1.40 & 2.75. OTHER FRUITS Oranges, $8.501810; lemons, $4.50(5.50 box; grapefruit, $4-50 t10 per box; bananas, 12 13 Vic per pound; cautaloupes. $2.503 per crate; casabas, 21-&'3c per lb.: grapes. $23.5G per crate, S&15c per pound, 35c per basket; pears, $2&J3.50 per box; huckleberries, 17 (i 22c per pound ; cranberries. $5 per box. VEGETABLES Cabbage. lCr2c pound; lettuce, $24.25 per crate; cucumbers. 60('i5c per dozen; carrots, $2Ci(2.25 pet sack; garlic, 30c: tomatoes, $22.25 per lug; beets, $2.50 per sack; turnips, $2.50 per sack: eggplant, 9&12c per pound; cauli flower, $1.75(2.2o per dozen; celery, 65Cg 90c per dozen; green peppers, 10c per pound. POTATOES Oregon. $1.6S1.75 per 100 pounds; Yakima, $2.25; sweet potatoes, 5c per pound. , ONIOXf- Oregon yellow. 1.75'g2 per NEW YORK. Oct. 26. Trading in stocks today was professional and restricted, the languid movement being governed almost entirely by monetary conditions. Signs in that quarter pointed to continued tighten- i xilouez ing or aemana and time loans. Call money opened at 9 per cent and rose to 10 per cent later, but the with drawal of almost $30,000,000 from local oanks for federal requirements caused no unsettlement. Trade authorities reported additional cur tailment of pig iron production and motor specialties reflected further sharp cuts in prices of tires. The most noteworthy Incident of the day, the third quarterly report of the United States Steel corporation, did not come un til after the close. The total earnings, aggregating over $48,000,000, an increase of almost $4,900,00 over the previous pe riod, were in line with most forecasts. Analysis of the statement, however, taking earnings by months, ot'ferd further proof that consumers are holding off in antici pation of a downward revision of price schedules before the end of the year. Specialties were the Heavy features of the stock list, the -usual favorites among industrials and rails registering nominal changes for the most part. United States Steel was a case in point, gaining the smallest fraction. Total sales were 400 000 shares. Trading In bonds was irregular and fea tureless, a slight downward trend ruling Total sales (par value.), $12,200,000. Old United States bonds were unchanged on call. - do 1st 4s do 2d 4s. do 3d-4s. do 4th 4s. Victory SH . do 4s ... U S 2s reg do 2s cp. . . . U S 4s reg. . do 4s CD. . Panama 3sreg.78 Boston. Mining Stocks. . BOSTON, Oct. 26. Closing 'quotations: 13 Calu & Hecla. .250 .. 24 INorth Butte 9IO!d Dominion 53 Osceola 9 33 9 2 23 2 58 Quincy superior Sup & Boston. nannon ....... Winona . .V. . Wolverine .. .7 . Granby Cop" . .'. IGreene Can . . . . 30 . 42 . 40 . 2 . 1 , 25 . 10 29 t .2li CLOSING STOCK QUOTATIONS,. ' American Can A m Car & Fd v Am H & L Pfd Am Inter Corp American Loco Am Smt r Rfg Sales. 300 200 500 400 . 30O 4O0 High. Low. 33 33 135 1.15 "9 57 73 72 - 96 '! 59 Last saie. 3: 135 58 72 96 59 Money, Silver, Etc. , . NEW YORK, Oct. 26. Mescantile paper. 8 per cent. ,-'. Time loans, steady, unchanged.- Cali money, steady. High. 10 per cent: low, 9 per cent: ruling rate, ft. per cent; closing bid, 9 per cent: offered at 10. per cent: last loan. 10 per dent. -- - Bar silver, domestic unchanged; foreign, 80u. , Mexican dollars, unchanged. V ' LONDON, Oej. 26.' Bar silver. 52 d per ounce. Money, 4.. per cent. Discount1 un changed. ' , k Foreign Exchange Rates. Foreign exchange rates, at close of busi ness yesterday, furnished by Northwestern National bank of Portland-. The amount quoted is the equivalent in :United States dollars. Country, foreign unit . ' Rate. Austria, kronen ; . $0.0035 Belgium, francs . . . . .0680 tiuigana. leva .0125 Czecho-Slovakia, kronen ........... .0123 Denmark, kroner 1377 England, pound sterling . .' 3.4800 Finland, finmark 024.2 $1,250,000 -Los Angeles Shipbuilding and Drydock Company . 8 Serial Gold Bonds Dated Sept. 1, 1920 X Due Serially Sept, 1, 1921 to 1930 ' The Los Angeles Shipbuilding & Dry Dock Company owns and operates a modern, and thoroughly equipped shipbuilding plant on 69 acres of well-located water 'front land at San Pedro, California. In addition the company cyns and operates the only dry dock on the Pacific Coast between San Francisco and the Panama Canal capable of docking vessels in excess of 3400 tons. ' ' Net earnings of the company for the. past three years have totaled $5,563,803. s . - , Price 100 and Accrued Interest TO YIELD 8 Blyth, Witter. & Co. UNITED STATES GOTEJOTMEOT MUNICTPAl. AKD CORPORATIOlf BONDS TEON BUILDING, . PORTLAND, ORE. : . . Telephone Wain 8183 ' San Francisco Seattle New York Los Angeles .0639 .01 4 .MiS .30410 Prance, francs Germany, marks' Greece, Drachmas Holland, guilders Hungary, kronen ............... Italy, lire Jugo-Slavla, kronen - -Norway, Kroner Poland, Polish marks Portugal, escudos Roumania, lei - Serbia, dinara Spain, pesetas Sweden, kroner Switzerland, francs China Hongkong, local currency Shanghai, taels Japan, yen ' NETW YORK, Oct. 28. Exchange, easy. Sterling, demand, $3.4tH4 : cables. $3.47. Francs, demand, 6.4; cables, 6.S6. Belgian francs, unchanged. Guilders, demand. 30 60; cables, 30.7O. Lire, demand. 3.73; cables, 3.73. Marks, demand,- 1.49; ca bles 1.44. Greece, demand, 8.59. New York exchange on Montreal. 9k per cent discount. Foreign Bonds. Furnished by Overbeck & Cooke company Anglo French. 5s. U K, 5s, 1921... U K. 5 Vis. Ift22. . . U K. 5 'is. 1037. .0OJLu K. 5Vs. 1037.. ..... , o OOS1 .1370 .0O3S .l-'0 .0172 .0324 .1405 .104S .1SS3 .02fi .9550 -.5125 of Portland. Russian, Sits, 1021... Russian, 5'jS, 192(1... Russian, BMss. 1919.. Currency '.' French, 5s. 1931 Frenea, 4s, 1917 French, 6s, 1020 Italian, &s. 191S....... British. Rs. 1922 British, 5s. 1927 British, 5s. 1929 British, vky, 4s British, ref. 4s Belgium, rest, 5s .. Belgium, prem, 5s.... German W. L., &s..., Berlin, 4s , Hamburg, 4s Hamburg, 4 '.4s Ueipsig. 4Vfes l-,elpsig. 5s Munich, 4s , Munich, 5t Frankfort, 4s . a p , -1 m - .lap , 1st 4-is ... Jap., 2d 414s... ..... Paris, sixes Bid Asked ... 22 24 19 22 24 ...120 . .. 58 -...45 . . . 63 . .. 2K . ..S30 ...S28 ...295 . . .2H5 ...250 . .. 82 . . . 68 . ... 124 12 V, ,.. 14 ... 14Vi ... 15 ...16 .... 14 ... 18V4 ... 17 ,.. 6714 ' ..-.74 . ;-' 74 . .: 04 27 ' 130 5', 4(1 Vi t5 27 345 338 300 275 255 65 71 .14 14 16 164 17 17V. 16 19 18V4 57 74V4 'T4fV4 95 Vi P8 95 87 Si . 87Vs Swift Co., Stocks. Closing prices of Swift Co. stocks at Chicago - were reported by Overbeck & Cooke company of Portland as follows: Swift & Co , 10B' Swift International 1 0914 Llbby. McNeil 4 Libby J2 National Leather 934 Reaction In Coffee Futures. NEW YORK, Oct. 26. The market for coffee futures was lower today under realiz ing orders, part of which took the form of selling on stop orders which had been placed around the ring by recent buyers. First prices were 6 to 13 points lower- and eari rallies were followed by renewed weakness with December selling off to 7.t!oc and Jffarch to 8.30c, or 41 to 46 points net lower. This was followed by slight rallies toward the close, but last prices showed losses of 31 to 41 points for the day. No special news feature was men tioned In explanation of the decline, but it was said that local traders were not yet completely confident of a sustained Im provement !n Brazil and there was reao Select Canadian Issues Yielding From 7to 9 Exempt From All Dominion Government Tax Province of ONTARIO 6 Gold Bonds TO YIELD 7.25 Denomination $1000 Province of British Columbia 6 Gold Bonds TO YIELD 7.30 Denomination $1000 CITY OF EDMONTON Province of Alberta General Obligation Gold Notes Dated September 1. 1920. Due September 1. 1922. PRICE 94.82; TO YIELD 9 Denominations $100, 9500 and $10O0 Principal and semi-annual Interest -payable In TJ. S. Gold Coin la. New York City or at the offices of Morris Brothers, Inc. Telephone or Telegraph Orders at Our Expense MORRIS BROTHERS, Inc. "The Premier Municipal Bond House, Established Portland. Or. Morris Building. Capital Over a S09-11 Stark. Broadway 2151. One Ifnartrr Other Offices nt Seattle, Tapoma, Million ' Century. Wash., and Sn-n Frasciseo, Cal. Dollars ,We Own and Offer Province of $50,000 BRITISH COLUMBIA 6 Gold Bonds Dated Oct. 25, 1920 Duo Oct. 25, 192S Principal and Semi-Annual Interest Payable in TJ. S. Gold Coin Price: 96.55 to yield 7.30 g I. nevereaux R(5mpany 87 Sixth Street ISVESTME.VT BONDS Broadway 1042 tlonary sentiment around the ring after tnt. advance of over 2 cents a pound from recent low records. October, 7.5ic; Decem ber. 7.70c; January. 7.93c; March. S.3Sc; May, 8.S(ic; July. 8.9.c: September. 9.10c. Spot coffee, quiet; Rio 7s, 8040; Santos 4a. 11 &12c. Read The Oreeronian classified ads. Every Investor Should Have THE INVESTOR'S POCKET MAVf AI, 272-Pafre Booklet, Issued Monthly. Will be furnished FREE by any in vestment banker or broker to anr investor on application; C. R. for 30c current copy will be sent by FINANCIAL. I'HKSS, 11 llrond St.. Km York City. B We own and offer I 1 $100,000 Portland B Call or 'phone H sco mo AnJjj Maim 64 B NOSTTHWT3TERM SANK H l,QOQj600.00 Province of British Columbia ion Gold Bonds General Qbligal Dated October 25, 1920 .-t Due October 25, 1923 Principal and semi-annual interest payable October 1 and . April 1 in New York City in United States Gold Coin. DENOMINATIONS $500 AND $1000 - FINANCIAL STATEMENT Assessed Valuation Vi ..... ; . : , $801,407,268.00 Total Funded Debt, including jthis issue 42,571,936.00-' Less Sinking Fund 6,184,384.00 '.Net -Debt .$ 36,387,552.00 Population (Officially Estimated) .450,000 British Columbia is the third in size of the Provinces of 'Canada, and has an area exceeding 227,200,000 acres: The natural resources of the Province make it one of the wealthiest in the Dominion, the natural forests alone covering an area of . about 180,000,000 acres. The great' progress which is being made in the development and production of the Province is seen in comparing the value of the total production in 1901, which amounted to $53,037,280, with that of 1918, amounting to $237,144,696. Price 96.55 to Net 7.30 GIRVIN AND MILLER FERRIS AND HARDGR0VE SEATTLE NATIONAL BANK JOHN E. PRICE & CO. LUMBERMENS TRUST CO. CARSTENS & EARLES, INCORPORATED Syndicate Managers . J- Saves that Costly Coal' DO YOU want to get the utmost heat value from every pound you burn this winter? " .' " , ' ... - If. you operate a hot air furnace you should know what Carey Asbestair Pipe Covering for hot air furnaces wDl do for you. . It will save you one, two, or three tons of coal enough to pay for" its cost the first year. ' ' r ' , Ask for the booklet, ' Warmer Houses on Less CoaF1 tell ing you how easy it is to save some of your valuable coal how the University of Illinois has proved immense savings in its laboratories how easily any one can apply it how you can get more heat in your house and less in your cellar and many other interesting and valu ' able facts. Headquarters for the building and insulation products of ASPHALT AS B EST S MAGNESIA A Roof far Every Building PACIFIC ASBESTOS & SUPPLY COMPANY DISTRIBUTORS 67 and 69 First Street, POETLAND. ORE. ssBaMsMaHMBBsralUKi i ii ii 1 1 ji ijwwm.wji ,fiu i m mm " JUI UWW 1 11 WM "l ' 1 mmwt n u. i j. jmmmmmm mi .i m m m 180 Madison Ave. New York