THE MORNING OREGONIAN, TUESDAY, NOVEMBER 9, 1920
21
E PRICES ARE
AT LOWEST LEVEL
Business Slack, Owing to
Leather Conditions.
TANNERS AWAIT TRADE
"With Xo Change in Market, Better
Undercurrent of Feeling pre
vails Since election.
The g-eneral undertone of the hide mar
ket shows little change, owfnr to the con
tinued unsatisfactory conditions prevailing
In leather. Local dealers are paying 12
cents for city calfskins and 8 cents for
city kip. Green city packer hides are
noted at 7 cents and green country hides
S cents less than packers, delivery at
Portland.
While these has been no material change
In the market there Is a somewhat better
feeling as a result of the election. It is
not anticipated, however, that prices will
any better until after the turn of the
year, as tanners, manufacturers and retail
ors will try to put themselves in as good
eash position as possible so as to make
favorable reports to the banks. The few
ales made are apparently with this pur
pose In view. -
Pelts, like hides, are dull and weak. 1
Green city packers' pelts are quoted at
0 040 cents, according to size and grade
ef wool. j
. B astern trade advices note the sale of !
0.000 branded hides by a Chicago packer
at a price understood to be 13 cents flat
for heavy and light steers and cows. Ex
treme light native steers of June forward
salting brought 19 cents and June-July
native bulls brought 15 cents, with brand
ed bulls quoted at 13 cents. In country
hides the tendency was downward, owing
to lack of support. Tanners apparently
are not interested at any price and gen
erally talk a 10-cent market. .Calfskins
are also very weak in the east and hardly
.notable.
The situation In all lines of leather is
bout as dull and lifeless as It possibly
could be, with quotations entirely nominal,
and few or no transactions of any size.
Little parcels of leather are being pur
chased by shoe manufacturers, however,
and these small orders are more numerous
than they have been, showing that manu
facturers are buying such quantities of
leather as they require to make up the
few orders they receive for shoes. On
small lots tanners are able to secure their ,
asking rates. Whenever any sizable busi
ness appears there is a wide difference in
views between buyers and sellers, and some
material concessions made on carlot sales
demonstrate the real weakness of the sit
uation. Export business is very restricted,
and the moratorium in Cuba has entirely
hut off trade with that country. j
FARMERS' WHEAT OFFERINGS LARGE
Ko Bids Are Posted at Noon Session of
Local Board.
For the second time, no whest bid were
potr& at the Merchants' Exchange, owing
to the demoralized condition of eastern
markets. In the country, farmers were
aid to be offering freely, but buyer were
ut of the market.
Aside gfrom a aO-cent decline in gray
ats, coarse grain prices were unchanged
mt the board.
San Francisco stocks of grain In
warehouses and) on wharves on November
1 were: Wheat, 37,000 tons, versus 76.240
tan a year ago. Barley, S9.734 tons, ver
sus 42.720 tons. Oats, 7U4 tons, versus
1U1 tons. Corn, 241 tt tons, versus 154 tops.
Bran. 50 tons. Beans, 180.010 sacks, ver
sus 311.762 sacks.
San Francisco receipts during October:
Wheat, 249 tona. versus 4645 tons year
go; barley, 30,0!y tone, versus 11,237 tons;
oats, 10S1 tons, versus 6-0 tons; corn,
4576 tons, versus 161 tons; bran, 246 tons,
versus 16 tons; hay, 50OO tons, versus 5412
tons; beans, 50,&i sacks, versus 170,046
Sacks.
Terminal receipts, in cars, were reported
byvthe Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
"Portland
Monday A3 1 s 2 32
Tear affo fr6 .... 27 8 S
Sea'n to date.67 7ft 2SS 227 676
Year ago 4JLS2 113 lHMi 26S 724
Tacoma
Saturday ...14.... 5 1 8
Tear ago 15 .. . . 7
Sea'n to date.204T 37 361 66 880
Year ago 2-J00 54 .... 104 414
.Seattle
Saturday ... 35 9 4 1 81
Tear ago 25 . . . . S .... 6
Sea'n to date. 2444 134 1 40 1 44 28
Tear ago 2526 129 Sl 319 626
NEW ZEALAND BUTTER ON COAST
Lrge Shipment Arrives at Sao Francisco.
Bids Received from East.
A large shipment of 204.176 ponnds of
Jfew Zealand butter arrived at San Fran
cisco on the steamer Marama. Reporting
on conditions In the southern market, the
bureau of markets says:
"Dealers were uncertain as to the effect
f such large shipment and bought very
cautiously for immediate needs. Inquiries
from eastern markets for butter cleared up
the panicky feeling and when it became
generally known that they were bidding
for New Zealand goods,' a steady to firm
ndertone developed. Production is hold
ing up well but the lower prices are also
stimulating consumption and dealers think
the San Francisco market will be able to
take care of current receipts. Ths firm
Bess of eastern markets.! expected to be
reflected here."
The sharp decrease in production last
week was a big factor in the marked firm
ness of eastern markets. A shrinkage is
apparent from reports from producing sec
tions, from light total receipts on the mar
ket, and from the smaller number of tubs
In Individual shipments. During the early
part of the week advances were limited to
top scores, later medium grades also
cleared. Chicago Is in best shape and
cleaned up on all scores Boston poorest,
nd trade reported unsatisfactory. There
were some sales on all markets on under-
grades at very low prices. Strangely
enough, in spite of the extreme scarcity of
fine butter at New York, Danish Is hard
to move In any quantity at prices 69Sc
nrder New Tork extras. The markets
closed firm but there was an unsettled
undertone due to high prices which
many feel will Injure consumption.
Large Increase In Visible.
- The American wheat visible supply
Statement compares as follows;
Bushels. Increase.
November 8, 1920... 39,350.000 3.850.000
November 10. 1919... 95,797,000 555,000
November 12, lais. . .I28,ons,ono 5,4!i ooo
November 12. 1917... 17,430,000 2,722,000
t
'Decrease.
The corn visible is 9.851,000 bushels, a
decrease of 234.000 bushels; oats, 85,003,.
000 bushels, an increase of 589,000 bushels;
rye, 8,868,000 bushels, an increase of L
090,000 bushels; barley, 8.372,000 bushels,
a Increase of 180,000 bushels.
New Walnnts Are Received,
The first car of association walnuts was
received yesterday. The shipment con
sisted of both soft -shell and budded wal
nuts and they were of exceptionally good
quality. Prices are materially lower than
last year. Soft-shell No. 1 are quoted at
26 cents in sack lota and No. 3 at 20 cents.
Badded are listed at 28 cents In sack lots.
DEMAND FOR BOPS SUBSIDES
CUcht BwellM la Price Expected) English
Crop Is 1 79,000 Cwt
The hop market ha quieted down again
after fair amount of buying last week,
when about 600 bales changed hands. The
purchases were at 40 cents for the best
grades. Poor bops continue neglected.
Aoeordlng to opinions in the trade the
market has eased off somewhat and
slight decline In prices Is looked for.
Cable advices report the 1920 English
crop larger than recently estimated, the
official government return showing a yield
of 279,000 cwt.
Batter Market Is Firm.
The butter market opened firm, although
all the creameries were not In line with
the print advance. Trading In cubes was
quiet.
Ranch egg receipts were very small and
the market was strong at Saturday's
prices.
There was " fair supply of pouKry and
dressed meats oa the market. The demand
for dressed turkeys continues slow.
Grapefruit Quality Improves.
The best Florida grapefruit of the sea
son'arrlved yesterday. Other receipts were
a car of California Tokay grapes and sev
eral cars of lettuce.
Bank Clearings.
Bank clearings of the northwestern cities
yesterday were as follows:
Clearlnirs- Balances
Portland 7.277,064 ll.4fl4.726
..... ,U0,t2
Tacoma 720 00
Spokane 2.414!ft69
2,393.253
82.930
1,034,133
PORTLAND MARKET QUOTATIONS
Grain, Floor, Feed, Etc.
Merchants' Exchange, noon session.
Wheat No bids. Nov.B'dDee
Oats .
No. 2 white teed 945.00 45.00
,rr 42.00 42.00
Barley
Brewing 45.50 45.50
standard feed 44.00 44 00
Millrun 45.00 42.00
Corn
No.. 3 E. T. shipment 41.00 40.00
No. 8 Y. delivery 41.00 46.O0
FLOUR Family patents. 811; bakers'
hard wheat. $10.50: bakers' bluestem pat
ents. $10.50; valley. $9.50; whole wheat.
$9.40; graham, $9.20.
MILLPEED Prices f. o. b. mil!: Mill
run, $50 per ton; rolled barley. $5608;
rolled oats. $54: scratch feed $74 per ton.
CORN Whole, $67; cracked. $00 per ton.
HAT Bu..ng prices, f. o. b. Portland:
Alfalfa. $22.50023.50 per ton: cheat. $229
23, clover, $23; valley timothy, $2728;
Eastern Oregon timothy, $30.
Dairy and Country Produce.
BUTTER Cubes, extras, 49 60c per lb.;
prints, parchment wrapped, in box lots,
56c per pound; cartons, 57c. half more;
butterfat. No. L 60 51c per pound at
stations; 64c Portland delivery.
EGOS Buying price, case count. 68 ?
69c; henneries, 70c; pullets, 61c; Jobbing
prices to retailers, candled, 75c; selects,
SOW 82c.
CHEESE Tillamook, triplets. 28c f. o. b.
Tillamook; jobbing prices. Oregon triplets,
9c; Washington triplets, SOo; Young Amer.
icaa, 33c.
POULTRY Hens. 213oc; springs, 25c;
ducks. 26(S35c; geese, 25c; turkeys, live,
43 is 45c; dressed, 50c.
PORK Fancy, 20c per pound.
VEAL Fancy, 20c per pound.
Fruits and Vegetables.
APPLES Delicious, extra fancy, $3.50
4$ 4; fancy, $8 3.75; combined fancy and
choice. $217503.50; orchard rutf. $3.25;
Jonathans, extra fancy. $2 3; choice,
$1.502; orchard run, $1.50412; Northern
Spy, fancy, $2.40$ 3; orchard run, $23
(T2.75; Rome Beauty, extra fancy, $3.25
&3.60; combined fancy and choice, $2.5099
3; orchard run. $2.35; Winter Banana,
extra fancy, $33.$; fancy, $2.75&3.40;
choice, $2.253.00; jumble pack, $2,000
2.25; King, orchard run. $1.75($2; Wag
ner, orrhard run, wrapped and packed.
$1.25?2.76.
OTHER FRUITS Oranges, $911;
lemons, $5.506.75 box; grapefruit, $6.60
4l9.60 per box; bananas, 12Vx13Hc per
pound; casabas, 3S4c per lb.; grapes, $3
t3.25 per crate, 10loc per pound; pears,
$3 per box; huckleberries, 18&20c per
pound; cranberries, coast, $5.506 per
box; eastern, $18(18.50 per barrel.
VEGETABLES Cabbage. 1u-2c per
pound; lettuce, $4.50 per crate; .cucum
bers, 90c' $2 per dozen; carrots, $1.75 per
sack; garlic, 2u30c; tomatoes, $2.50 per
lug; beets, $2 per sack; turnips, $3.50
per sack; eggplant, 15c per (found;
cauliflower, $lT75'gt2 per dozen; celery,
75c 6 $1 per dozen; green peppers, 10 (a
12c per pound ;. eprouts, lti(a17e per
pound; squash. 2&3c per pound; pump
kin. 2Y3e per pound.
POTATOES Oregon, $L658 2 per 100
pounds; Yakima. $2.252.a0; sweet pota
toes, 4Sitp5V4c per pound.
ONIONS Oregon, 1.752 per sack;
California brown, $22.25 per sack; pick.
ling, 8O10C per pound.
Staple Groceries.
Local jobbing quotations:
SUGAR Sack basis: Cane, granulated.
12c per pound; beet sugar, ll.SOc per lb.
HONEY New, $7.508 per case.
NUTS Walnuts, 22&28o; Brazil nuts.
85c; filberts. 21 if 25c: almonds. 203Oc:
peanuts, 914c per pound; cocoanutu, $2
per aox. ; pecans, B-B5c; chestnuts, 25
35c poun'd.
RICE Blue Rose, llc per pound; Jap
an style, 11c per pound.
BEANS Small white, 6te: large white,
Sc: pink, 7 fee; lima, lOftc; bayous. 11c;
red, 8 fee per pound.
COFFEE Roasted, bulk: drums. 310
41c per pound; sacked, 22027c per pound.
SALT Granulated, bales. $3,404? 4.25:
half ground, ton, 60s, $19.75; llHJa. $18.25;
lump rock, $26 50.
Provisions.
Local Jobbing quotations:
HAMS All sizes, 4346c; skinned, 420
4Sc; picnics. 27c; cottage roll. 85c
LARD Tierce basis, 27fec; shortening,
20 fee per pound.
DRY SALT Short, clear backs. 26030c
per pound; plates, 22c.
BACON Fancy. 40056c: standard. 830
44o 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
weignt, old peel, Wfee; new peel. Sfec per
pound.
WOOL AH grades nominal.
HOPS Oregon. 1920 crop, choice. 40c
per pound.
Oils.
LINSEED OIL Raw. barrels, $1.34:
drums, $1.41; cases. $1.49. Boiled, barrels,
$1.36; drums, $1.43; cases.- $1.51.
TURPENTINE Tanks, $1.81; cases,
$1.96.
COAL OIL Tank wagons and Iron bar
rein. 17fec; cases. 30SP8c.
FUEL OIL Bulk, $2.33 per barrel.
GASOLINE Tank wagons and iron bar
rels, 29c; cases, 41 fee
Hides and Pelts.
All prices nominal, owing to unsettled
condition of eastern marketa
Sharp Declines In Coffee Futorea.
NEW YORK, Nov. 8. The weakness of
both Rio and European exchange rates.
combined with reports of lower firm offers
from Brazil, was considered responsible
for sharp declines In the market for coffee
futures today. Offers were not particu
larly neavy, out tnere was little demand
and after AiMnlnr & tn 11 nnlnt, i.....
active positions sold 28 to 81 points beloif
Saturday's closing figures with ' March
touching 7.87, or more than a cent a
ptund below the best price touched on
recent rallies and within 113 points of
ae low recora ror the season. The close
wae at the lowest point of the day, show
ing net declines of 28 to 36 points. Decem
ber. $7.19; March, $7.87; May, $8.16: July.
IS. 48; September, $8.66.
Spot coffee quiet; Rio 7a, Tc; Santos
u, lignite
Seattle' Dairy Products.
SEATTLE, Nov. 8. Eggs Puget sound
select ranch, 72 074c per dozen; pullets,
67c per dozen; eastern Washington, Ore
gon and Idaho, 7oc.
Butterfat, t. o. b. stations, 55c per pound;
raw milk, $2 per cwt.; dairy, 35 o per
pound; bakers', 30c
Naval Store.
SAVANNAH, Ga.. Nov. 8. Turpentine.
(-nothing doing; last sale November 5. $1.12:
receipts, 24 barrels; shipments, 847 barrels;
stock, 22.026 barrels.
Rosin, firm; sales, 696 barrels; receipts,
1018 barrels; shipments, 359 barrels; stock,
60,649 barrels. Quote: B, D. E, F, G, H.
STOCK SELLING IS HEAVY
REVERSAL EXTENDS TO EVERY
3PART OFIiIST.
Specialties Record Most Severe
Losses; Tone at Close Weak;
Bonds React Sllg-htly.
NEW TORK, Nov. 8. The stock market
was the center of another drastic selling
movement today, every branch of the list
yielding to the Increasing weight of liq
uidation at extreme recessions of 8 to 7
points. There were occasional halts and
feeble rallies, but these were succeeded by
fM,h I . .
- . . . iii wuicn new low levels
were registered. The tone of the market
T " wcaa on total sales oi
1,200.000 shares. )
Among the stocks that suffered great
est impairment were those comprising the
shipping, steel, equipment, oil and motor
group, but even the gilt-edged railway
issues did not escape the general reversal,
all save a few of the transcontinentals for
feiting 1 to 8 points.
Increased pessimism was engendered by
another deficit in clearing house reserves,
the lower ratio of reverses reported by the
federal reserve bank and tightness of local
run da, 0,11 loans again rising to 10 per
cent after opening at 9.
r,,Htl80ndlt,',on" were 'ntenslfed by the
further demoralisation of foreign exchange
i... .V . ?,lllema" of a promlnet finan
cier that the country Is on the threshold
or a period of Industrial depression which
a".iuV"y corrective legislation."
The break in foreign exchange carried
sterling down to within 15 cents of its
lowest quotation In this market, while
French, Italian, Dutch, Spanish and
Scandinavian rates were at lowest levels
ever recorded here.
i!ber!y. Donds nl victory notes reacted
moderately and the bond market, as a
Ttrit rff a,fflCte1, by tn6 weakness of
stocks, rails, industrials and Internationals
closing at variable reactions. Total sales,
par value. $13,450,000. Old United States
bonds were unchanged on call.
CLOSINO STOCK QUOTATIONS
Last
Sales. High.
1.4O0 6fe
3.6IK) 29 4
4.7UO 132 Vi
SOO
18.200 6fe
3,400 93 VI
2.800 57
30O 102
1.000 81
300 100
11.7O0 64
700 9
7.000 50
7.70O S7T4
10.2O0 124
35.600 10S
.1.100 4574
IB.nno or, fe
ll.lOO 124
4.200 40 fe
5.0O0 77
3.700 68
4.6O0 42 H
2.200 81 14
6.S0O 30-T4
1.600 25
13.70O 7H
11. 600 115fe
7.1O0 S3 '4
R.OOO 17
2 000 13S
25,800 1T
6 BOO 14
ftoo 83 34
1.400 41
10.4W) B.-fe
2.500 .16
6 500 SO
3 ROO 24
4.000 22 fe
200 lOT
39.000 17(fe
400 11114
12.000 ISfe
3.RO0 87
4.000 20 14
8.000 81 fe
6.100 32
200 90
2 no 9- v,
3.ROO 3T4
81.000 82 i
l.OOO 43 fe
1.500 J3t
27.0OO 90
! CO 73
22.0O0 72V4
S.rtOO 45fe
23. OOO 30
7R.400 llSfe
8. RIO 29
2O0 lO.lfe
1 7. OOO R5
25.700 48
4TOO ?7,
2ROO
R.OOO 1?,i.7
6.200 12.1
2.KOO 42
4 BOO 7TTt
8.9O0 9S4
8. BOO 7014
53.500 R5
40O lOB
l.BOO fvST.
IOO 80V4
15.B00 0
BONDS.
Low.
67
28 fe
130
0i
63
92
57
101 fe
81 fe
T4
60
9fe
50
86
124
100
44
64
120fe
39
7.".fe
6B
41fe
SO'4
24
llSfe
32
17
lSBfe
14v4
33
40fe
62
IBfe
57 fe
23 fe
00
107
175fe
19
13
3874
25 fe
80 fe
ROT
99
DO "4
8
70 v,
42-4
13
97
71 fe
69 fe
44fe
2Rfe
I11.fe
5R
305
53
4R
21fe
B2fe
life
125
87
74 fe
7
01 fe
84 fe
1PB
57
81fe
8fe
Am Beet Sugar
American Can
Am Car A Wjr
Am L & H Pfd
Am Inter Corp
American Loco
Am Smt & Rfg
American Sue;
Am Sum Tob
Am Tel & Tel
Ameri Woolen
Am Z L S
Anaconda Cop
Atchiron
Atl Gf & W In
Baldwin Loco
Baltl Ohio
Bet hip Steel B
Canadian Pacif
Centrl Leather
Chandler Mtrs
Ches & Ohio
Chi Mil St P
Chic' go A N W
Chi R I & Pac
Chlno Copper..
Corn Products
Crucible Steel
Cuba Cane Sug
Erie
Generl Electric
sale.
67
28 fe
ISO
9
64 '4
92 fe
B7fe
101 fe
81 fe
99
60fe
9H
50 fe
86
124 U
107
45
64
122
80 fe
75
67
41 fe
80 fe
3fl
24
76 fe
113fe
32
17
136
15
87
S3
40fe
62
1B
57 fe
23
22
107
17flfe
19
IS
ST 14
25 fe
80 4
80
99
90
3
79
42
13
9S
7
69 fe
44 fe
2Sfe
114
2Sfe
105
54
4Sfe
25 4
' 62
11
12.-.
R7
74 fe
68
on
-84
106
57
8
. . 98
. 77
. . B7
. . 92 fe
. . 7Sfe
.. 5B
. . 85
. . 90
.1.13
.. 89
.. 81
.. 93
General Motors
Grt North Pfd
Gt No Or jctfs
Inspir Copper
Int Me Ma Pfd
Interna Nickel
Interna Paper
Kan Cty South
Kenne Cooper
Louis A Nash
Mex Petroleum
Miami Copper
M'd States Oil
Midvale Steel
M'rsourt Pacif
New York Cen
N" Y N H A H
'Nor A Westm
Northern Pac
Ok Pd Rfg
Pan-Am Pp-trol
Pennjylvanla. .
Ray Con Cop
Reading
Rep Ir Steel
T?oyaI D N Y
Shell Tr Td
Sin Oil A Rfg
Southern Pac
Southern Pvrv
S O N J Pfd
StwAebak Corp
Texrts-comranv
Txa A Pacif
Tobacco Prits
Trancontl Oil
Union Paolfic
TT 8 Food Pdts
U S Ind A loo
U S Rtl Stores
U S Rubber..
TT S Steel...
XJ S Stel Pfd
Utah Conner. .
Weptera Union
Willys - Overld
U S Lib Sfes..
do 1st 4s. . . .
do 2d 4s
do 1st 4 '.is.
do 2d 4
do 3d 4 Ma..
do 4th 414s. .
Victory 8 34s..
do 43,s
TJ 6 2s reg...1
do coupon
94.R2A T A T 6s,
89.30!Atchen gen 4s.
87.80;D A R G 4s.',
. 80.40(N Y C 6s
87.50INor Pac 4s....
S0.2RI do 3s ,
R7.R!Pac T A T 5s,
9.2iPa 4fes
96.30jSo Pac cv 5.
TOife'So Ry 5s.
101 fe
P 4s. .
U S 2s, reg.
do cv cou . .
Pan 3s. reg.
do coupon
105fe
lOSfe
.S8
.78
S Steel . Ss
Bid.
- Boston Mining Stocks.
BOSTON, Nov. 8. Closing quotations:
Allouez 23
-Mohawk 57
Arizona ...... 8
Cal & Aris 63
Cal & Hecla..250
North Butte .. 15
Old Dominion . 22
Osceola , 30 fe
Quincy 40
Centennial
9
33 fe
9fe
Bit
23
2fe
Copper Range.
East Butte ...
Franklin
Isle Royalle ...
Lake Copper..
Sup. & Boston. 2
Shannon .... 11-16
Winona 25
Wolverine ..... 11
" Money, Silver, Etc
NEW TORK, Nov. 8. Prime mercantile
paper, 8 per cent.
Time loans steady; 60 days, 80 days and
six months 7 0 8 per cent.
Call money strong; high, 10 per cent:
low. 0 per cent; ruling rate. 9 per cent;
closing bid, 9 per cent; offered 'at 10 per
cent: last loan, 9 per cent.
Bar sliver, domestic, 99fec; foreign,
80 c
Mexican dollars, 61 c
LONDON. Nov. 8. Bar silver. 63T4d per
ounce; money ofe per cent. Discount
rates, short bills. 6 per cent; three
months' bills. 11-164rt.
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. Bate.
Austria, kronen .$0.00.30
Belgium, francs .0612
Bulgaria, leva .0100
Czecho-Slovakla, kronen .0102
Denmark, kroner .1312
tngianu, pound sterling 3.35
Finland, flnmark
.0210
.0579
.0116
.0920
.2i45
.0020
France, francs , .
Germany, marks .
Greece, drachmas -Holland,
guilders .
Hunearr. kronen .
Italy, lire , 0340
Jugo-Slavla. kronen
.0072
.1315
Norway, kroner
Poland. Polish marks ..........
Portugal, escudoa ..............
Roumania, lei ..................
Serbia, dinara
Spain, pesetas .................
Sweden. kro5r ................
Switzerland, francs
China-Hongkong, local currency
Shanghai, taels
Japan, yen
.0032
.1455
.0149
.0228
.1265
.1870
.1516
.8S65
.9550
.5075
NEW TORK, Nov. 8. Exchange weak.
Sterling demand, $3.33; cables, $3.33.
Francs, demand, S.73; cables, 5.75. Bel
gian francs, demand, 6.05; cables, 6.07.
Guilders, demand, 29.50; cables, 29.60. Lire,
demand, 3.33; cables, 3.40. .Marks, de
mand, 1.13; cables, 1.14. Greece, demand,
9.17. New Tork exchange on Montreal,
IO per cent discount.
Swift Co. Stocks.
Closing prices of Swift A Co. stocks at
Chicago were reported by Overbeck &
Cooke company of Portland as follows:
Swift & Co ...104
Swift International 25 fe
Llbby. McNeil & Libby.. life
National Leather
SAN FRAXCISCO PKODCCE MARKET
Prices Current on Vegetables. Fresh Fruits.
Etc, at Bay City.
SAN FRANCISCO, Nov. 6. Butter
Extras. 68fec; prime firsts, 54 fe c
Eggs Fresh extras 86fec; extra pullets
74 fee; undersized, 67c.
Cheese Flats, fancy, 81 fee; firsts,
24 fee.
Vegetables Eggplant. lug 90c $1;
summer squash, lug $1.75 2.60: potatoes,
street prices, rivers. $1.7502; Salinas,
$3; sweets 2&3c; onions, yellow 76090c
cental: Australian brown 75c$L10; white,
$2 cental; green onlone $1.60 box; beans
10c; Uma 10c u; bell peppers, luj.
40075c; Chile 40060c; tomatoes 60c 9 $1
box; cucumbers $1.2501.75; garllo 6tc;
celery crate $3&'3.50; cauliflower $1 dos;
cabbage lc pound: carrots and turnips
$1.50 sack; beets $1.25; parsnips $1.75;
peas, southern, ldvlT; rhubarb $1.
box; -sprouts 78c .
Poultry Hena larae colored 86037c:
small 3O032c; white leghorn large 82
635c; small 30032c: strictly young roost
ers 8336c; old 2022o; fryers 40045c;
broilers 60065c; ducks 2730c; sq.uabs
75&B5c; Belgian hares live 23025c; tur
keys alive 40 & 50c; dressed B460c
Fruit Strawberries 85c$l; Valencia
oranges $709; lemons $2.6004.60; grape
fruit $2.5O0$4; new crop $3.5003.75; limes
S3la.&: apples .Belleneura fLOUOl-w;
pears Winter Nellls $3.25 & 3.50, figs double
layer $1.2501.50; grapes crate $1.7502.50;
oananas unfile; cranberries $4.004.70.
Receipts Flour 5200 ars: wheat 2540
centals; barley 2867 centals: oats 6942
centals; beans sacae: com, joo
centals: potatoes 6018 sacks; onions, 1708
sacks; hay 587 tons; hides 75 rolls; live-
atocx xuu neaa.
WHEAT BREAKS B CENTS
FAIjIi IX FOREIGN EXCHANGE
UPSETS CHICAGO MARKET. '
Heavy Consignment Notices From
Southwestern Farmers Also
. . Add to Depression.
CHICAGO, Nov. 8. Wheat suffered big
new breaks In price today, simultaneously
with acute depression of foreign exchange
and with liberal receipts at Kansas City
and Omaha, The market closed unsettled,
4c to 6c net lower, with December at
$1.84 to $L84fe and March $1.82 to
$1.824.
Corn finished fee to fee higher and oats
unchanged to c up. In provisions the
outcome varied from the same as yester
day's finish to 20c lower.
Sentiment regarding wheat was Intense
ly bearish from the outset, and prices fell
to the lowest levels -of the season. De
moralization of foreign exchange was ac
cepted as indicating an increased handicap
on export business, an opinion that, was
emphasized by news of the failure of an
export concern of New York. Besides the
liberal arrivals at Kansas City and Omaha,
messages from the southwest told of no
tices of heavy consignment from the coun
try, and it was contended in some quarters
that the farmers' strike had been broken.
Selling was general and at no time did
the market show much power to rally.
Corn and oats developed firmness.
Provisions were depressed.
The Chicago market letter received yes
terday by Overbeck & Cooke company of
Portland said:
Wheat Held steady after the Initial
decline until about midday when the mar
ket was again compelled to absorb liquida
tion sales In good volume. There was
little new in the way of news over Sun
day, except that the statement of the
federal reserve bank confirmed the con
tinued money stringency, which is con
sidered the big factor against values. An
additional decline In sterling exchange
had a. further depressing influence and
eastern advices reported a lack of export
buying because of this situation. South
western points reported very large re
ceipts and although spot offerings locally
were small, the demand was sluggish and
prices lower with the futures; in fact,
the premium on hard wheat, was reduced
2 cents. Cables from abroad reported
Argentine wheat offered for January ship
ment at 25 cents under American. Com
modlty prices are being lowered sharply
in all directions and the tendency to de
flate Is Increasing in intensity rather than
the decline spurring buying power.
Corn Declined early with wheat but
again displayed an undercurrent of strength
with sufficient support in evidonce to hold
the market and stimulate short covering.
The cash market had a somewhat firmer
tone, due to light receipts and a slight
improvement in the demand, with the re
sult that spot premiums were quoted
about 1 cent higher. The government
report Issued after the close was a bear'
ish document, especially as to the reserves
of old corn which reflected the mild fall
and good pasturage. In the final reckon
ing we believe the tremendous overpro
duction will assert itself.
Oats LUf.? corn, this market showed re
slstence to selling pressure, notwithstand
ing that new low levels were made on
the crop. Country offerings were reported
light and cash oats held steady at about
Saturday's basis. There Is nothing in the
outlook to suggest a permanent advance.
Provisions Declined on selling influ
enced by weakness in hogs. There was
no evidence of any attractive support.
Cash trade was reported quiet. The out
look for hog products is equally aa bear
ish as all other commodities.
Leading futures ranged as follows:
WHEAT,
Open.
$1.88
1.83
High.
$1.89
l.5Vj
CORN.
.81
.85 fe
Low.
$1.82 fe
Lbl
Close.
S1.84
1.B2
Dee. . . .
Mar. . . .
Dec. .
May. .
.80 fe
.as
.80.
.85
.81
.81 fe
OATS.
Dee 51 fe -52'A .61 .52
May 57 fe .58 .67 .67 fe
MESS PORK.
Nov..
Jan..
22.90
24.05
24.00 24.15 24.00
LARD.
18.67 18.52
16.76 15.86 15.U5
SHORT RIBS.
Nov. . .
Jan.. .
18.65
16.70
Nov. - 1400
Jan 13.80 13.39 13.12 13.22,
t'asfc oricee were aa follows:
Wheat No. 2 hard, $1.92 o $1.92 ; No. 2
mixed. 11.88.
Corn No. 2 mixed, 87fe88fec: No. 2
vellow. 14S92fec. ,
Oats No. 2 white, 6354c; No. 8
white. 6252C-
Rye No. 2, tl.BOfe.
City of
Vancouver
B. C.
. 4'2 Gold
Bonds
Dated Maturing
Dec 15, 1913 Dec 15, 1933
Principal and semi-annual interest
payable in U. S. Gold.
Price 75.36
to yield
7.50
Ralph Schneeloch Co.
MUNICIPJU. AKO Ct3RPORATDM FTNAWCX
IIPHIII t in
PACTS NO. 56.
TWO BOOSTERS
Both the successful
and defeated candl
d a t e for the presi
dency are ardent good
roads boosters and
" believe that highway
- I development is neces-
. sary for the economic
welfare of the coun
try. With such distin
guished a d v o c a t es,
road improvem ent
will receive an im
petus during- the next
decade that will bring
great results, espe- ,
cially when paved
with
WARRENITE
BITULITHIC
WARREN BROTHERS COMPAX V
Exempt From All Dominion Government Taxation
Wa Offer Subject to Prior Sale and Change In Price
The Unsold Portion
General Obligation Gold Notes.
City Edmonton
PaOVIXCB OP ALBERT A
0 Yield
Dated September 1, 1920.
Price 05.O4. Denomination glOO. msoo and SIOOO.
Prices Subject to Increase Without Notice.
SINCE publishing the statement that 205 Banka, Trust Com
panies and Bond Houses had purchased blocks of Edmon
ton 'Notes, this representative list has increased to 216. This
is, of course, in addition to the vast number of individuals,
corporations and Institutions that have subscribed.
- FINANCIAL STATEMENT
Gross assessed valuation....................
Value municipal property (not Including public
utilities)..
Net debenture debt. - 9.488,997.00
- Revenue from public- utilities (above cost of
operation).. 767,773.00
Net local improvement debt (rate payers share) . . 3,046,763.00
In Addition to Belngr General Obligation Notes, Thexe Are Secured
by Loa$-'llme Debentures Totaling- 82,504,420.
8 General Obligation Gold Bonda
PROVINCE OF ONTARIO
Price 96.68; Yield 7V4
Dated October 1, 1920.
Denomination $1000.-
Principal and semi-annual interest payable in Gold Coin of the
United Statesn New York City and at the offices of
v Morris Brothers, Inc.
Telephone or Telegraph Orders at Oar Expense.
MORRIS BROTHERS, Inc.
"The Premier Municipal Bond Iionse,"
Established PORTLAND, OREGON- MORRIS BLDG.
Over a
309-11 STARK
Quarter
Century.
Other Offices
Wash., and
j SAFE DEPOSIT BOXES -
Barley 60c J 1.06.
Timothy seed B.506.75.
Clover need 12o 13.&0.
Pork Nominal.
Lard 19.07.
Ribs J13.60 14.T5.
Minneapolis Grain Market.
MINNBAPOLIS, Nov. 8. Barley, $71
94. Flax No. 1, $2.49 2.50.
Dnlnth Unseed Market.
DCLDTH, Nov. 8. Unseed on track and
arrive and Nov., $2.50. '
Grain at San Francisco.
SAN FRANCISCO. CaL. Nov. 8. Grain
Wheat. $3.50o3.75: barley, scot, teed, 2.15
oats, red feed.2.4U2.&S; corn,
white, Egyptian. (363. OS; rye. nominal;
feed wheat, $3,2563.40.
Hay Wheat, fancy. $28 29; tame oats,
$24&27; wild oats, $lS(ao; barley, $17(U
Z0; alfalfa, $2225.
Seattle' Grain Market.
v SBATTLB, Nov. 8. Wheat Hard white,
soft white, white club and hard winter,
$1.70: red winter, northern spring- and
eastern Walla, $1.CS: red Walla, $1.50;
BlK Bend bluestem, $1.80.
City delivery Feed Scratch feed, $76
ton; feed wheat, $76: all-grain chop, $62;
oats. $5T; sprouting- oats, $62; rolled oats,
$50; whole corn. $58; cracked corn, $(i0;
rolled barley, $60; clipped barley, $68.
Hay Alfalfa, - $29 ton; double com
pressed alfalfa, $30; double compressed
iimumy, -; eastern Washington mixed.
$36.
Kastern Dairy Produce.
NEW YORK, Nov. 8. Butter, steady;
creamery higher than extras, 64oc;
creamery extras, 64c; firsts, 48621ic.
Eggs, strong; fresh gathered extra
whites, S082c; firsts, T478a.
Cheese, steady; state whole milk flats, !
held, specials, 27280; state whole milk,
flats, current make, specials, 24 25c;!
state whole milk twins, held, specials,-'
26tt27&c. i
CHICAGO, Nov. 8. Butter, firm; cream
ery. 4U62c.
Eggs, higher. Receipts. . 2652 cases; ,
firsts, 67 a 68c; ordinary firsts, 584j)61c;
at mark, cases included, S7&G4C; stand
ards, 6970c; storage packed firsts, 70V4
71c; refrigerator firsts. 48V449ic. j
Hops, Ktc, at New York.
NEW TORK, Nov. 8. Hops, quiet; state.
Bonds
Preferred Stocks
Acceptances
Send for our list of invest
ment offerings containing
carefully selected issues
which, we recommend.
Ask for Circular OR-058
The National City
Company
Correspondent Offices in
More Than 50 Cities.
Portland Yeon Bldg.
Telephone Main 6072
iflB
SrZfl (f WASmNQTON STREETS
Conservative
SS-a nTsi4M"anarCnl
When you buy a
home on a monthly
payment plan, ar
range with the seller
to leave the contract
at the Hibernia.
Hi
T
Due September 1. 1922.
.,88,606.715.00
11,035,376.00
Due October 1. 1923.
Capital
One
Million
Dollars.
BROADWAY 2151
at Seattle. Tacoma,
San Francisco, Cal.
1020, 5095fte; 1919. 404Sc; Pacific coast
1920. 464j50c; 1919. 45347o.
Hides and wool uncha iged.
New York Sngar Market.
NEW TORK. Nov. 8. Raw sugar, un
settled, 7.62c for centrifugal. Refined, un
changed at 10.50 11.00c for fine granu
lated. Metal Markets.
NEW TORK, Nov. 8. Copper steady.
Electrolytic, spot and fourth-quarter,
14-15c
Iron Nominal. No. 1 northern, $46.00
47.00; No. 2 northern, $45.00 46.00; No.
2 southern, $38.00 40.00.
Antimony -6.25.
Tin Weak. Spot and nearby. 87.00c;
futures, 37.75c.
Lead Steady. Spot $6.65.
Zinc Quiet. East St. louia delivery,
spot, 6.8u7.00c
Dried Fruit at New Tork.
NEW TORK. Nov. 8. Evaporated ap
ples, dull and weak; Californias, 8llfac;
state, 612c. Prunes, easy; California,
6ii23c; Oregons, 15c Peaches, dull;
standard, 20Ac; choice, 18c; fancy, 19
21Hc
Cotton Market.
NEW TORK, Nov. 8. Spot cotton quiet.
Ml'lrtlinjr. 2H.4ftC.
One Hundred
Investment Bargains
in Railroad Bonds
In a circular prepared by
one of the greatest bond au
thorities in this country, -which
we have just had printed, the
bond situation is not only
thoroughly covered, but there
is a list of one hundred bar
gains in high grade railroad
bonds yielding-as high as
Ten Per Cent
Among this list are many
nn-.sual investment opportuni
ties, and inasmuch as under
lying factors are now favor
able to rising bond prices, a
selection of these bonds would
unquestionably result in excel
lent market profits, in addition
to an attractive income return.
The circular will be sent
without obligation, together
with a booklet describing a
convenient method of purchas
ing tbe bonds.
Ask for PG-55
E. 111. t-uller & Co.
Members ef
Osasoodated tHoefc aaeasnn 1(1.1.
SO Bread SL Now York.
NawYork Newark Ckalaad
(fXrct rVfVats Wirt
HALL & COMPANY
BUT AND SELL.
Railroad
Public Utility
Industrial
Municipal
" BONDS
YIELDING
5 to 7
Foreign Government Loans
Local Securities
Preferred Stocks
Lewis Bldg., Portland, Or.
Sell Gold Now, Prices Are
High.
We pay high prices for higrh grade
gold or silver ores, amalgam, con
centrates, bullion, retort, etc Ship
to us by mail or express in any
amount or quantity. Cash sent you
by return maiL We also buy dia
monds, platinum, new or broken
jewelry, watches, false teeth. Liberty
Bonds, War Stamps, mercury, magne
to points, and all valuables. Goods
returned within -ten days if you are
not satisfied with the amount we
send you, except when refining- must
be done to determine the value. Ship
us now while the high prices are pre
vailing. Small and large shipments
solicited. The Ohio Smelting & Re
fining Co, 228 Lennox bldg., Cleve
land. Ohio. Bank references, Adv.
What a Big Detroit
Bank Thinks of
Credit Insurance
A well-known bank of Detroit, Mich., has
just written the American Credit-Indemnity
Co. as follows:
"In our judgment, the matter of insuring
open credits by business men has been a
subject of growing importance for some
years, and particularly at this time when there
are so many problems confronting the coun
try, the solution of which is difficult.
"The more conservative houses are taking
every precaution to 'keep their affairs in a
liquid shape, and the conditions under which
the better grade of credit insurance policies
are written, we believe constitute a contin
gent asset to any business man, the advan
tages of which should not be overlooked."
Bankers appreciate that it takes more skill
to do business successfully when prices are
falling, as now, than when prices were in
creasing. And they therefore endorse pre
cautions that prevent, else pay, bad debt
losses beyond the normal, which the
American's "Unlimited-Interim-Payment"
Policy does.
Manufacturers and wholesalers, write or
phone for particulars.
Payments to Policyholders about $10,000,000.00
AMERICAN CREDIT-INDEMNITY CO)
c NEW YORK E.M. TREAT. PRESiDEtjti
ISSUSS STANDARD UNLIMITED POUICI8SI
H. T. MacRill, General Agent
Board of Trade Building
Phone Main 1179
Portland - - - - Oregon
New
We own and offer
$252,000
of
6
DATED September 1, 1920. MATURE Serially.
Principal and semi-annual Interest (March 1 and Sept. 1)
payable at the office of the City Treasurer. Caaper, Wyo,
or through the offices of Freeman, Smith & Camp Co.
Denomination $500
Yield Yield
about about
$28,000 - September 1, 1922 7.51 T28,000 September 1. 1927 6.46
28.000 " 1923 7.00 28.000 " 1928 6.41
28,000 " 1924 6.75 28,000 " 1929 6.38
28,000 " 1925 6.62 28,000 " 1930 6.35
28,000 : " 1926 6.53
Population, 1920 census, 11,447
Lerj-alltv approved by Teal. Minor & Wlnfree, Port
land, Oregon. Exempt from all Federal income
taxes. Legal Investment for Oregon savings banks.
Price 97-50
and accrued Inter
est for any ma
turity, to yield about
Income Tax Exempt. "Wire orders "collect." Cash or Partial Payment
Plan. Ask for circular O 78.
yvP&h. Freeman Smith & Camp cd
Sv!B rco
asTb as aaa ruKau
ONLY 28 Miles
From Portland
On the main line of the Northern Pacific, giving; direct
connections with Portland and Seattle, is
Cowlitz County, Washington
Diking Dist. No. 5
Containing; 5549 acres of agricultural land, this being;
among the richest in the state. The district produces
very heavy crops of hay, grain and all forms of garden
truck. In addition, dairying and stock raising are ex
tensively engaged in.
Invest in These 7 Income Tax Exempt Bonds
Dated Nov. 1, 1920 Due Serially 1922-36
Den. ?100, ?500, $1000
Price to
Yield
These bonds are legal investments for savings
bank funds in Oregon and Washington.
Are eligible to secure public funds in Washington
and Trust funds in Oregon.
' T
iimn
Undox- S narvlslof
BROADWAY and OAK
Issue
the unsold portion of
c
aspeir
Wyoming
Bonds
6.35to7.51
as
shown
above.
NORTHWESTERN BANK BUII-DINO
'' MAIN 64S
7 Net
Oruon. sLAa. Banking Dojarlnumi
'..'Br. .a(P:
t
e