TIIE MORNING OKEGOXIAN, WEDNESDAY, NOVEMBER 24, 1020
21
LOWER FLOUR RATES
SOUGHT BY MILLS
Exports to Orient Depend on
Freight Tariff Changes.
OPPORTUNITY FOR TRADING
Seattle .
Tacoma
Spokane
5.814.605 1.42T.40I
1.024.403 1.142.2-10
2.00S.338 SS5.S0J
POKIXAND MARKET COTATIOIiS
Grain, Flour, Feed. Etc
Merchants' Exchange,
Wheat
Hard white . .
Soft white . .
White club
Mara
Nov.
..1.50
. . 1.45
.. 1.50
.. J1.45
. . lAi
.. 1.40
Dec.
1.45
1.50
1.4a
1.45
1.40
Jan.
$i.;o
1.45
1.SO
14i
1.43
1.4U
Xorth Pacific Body Starts Cam
paign for Adjustment or Trans
pacific Freignt Schedule.
Hour exports to the orients which have
hot amounted to much since the early
days of the war, may he resumed again
before long. Wheat has dropped to a
point where it Is believed the business
could be worked If freight rates were on
the proper basis. This was the view taken
by millers who attended a meeting of the
North Pacific Millers' Association, held at
the Chamber of Commerce yesterday.
Representatives of about 40 mills in Ore
gon, Washington and northern Idaho were
present.
Much of the time of the meeting was
given to discussing the trans-Pacific
freight situation. The opinion was gen
eral that the differential of 5 cents a
hunrireA hotween the flour and wheat
rates should be eliminated and both com
modifies nut on the same basis. Com
mlttees were appointed to confer with the
chambers of commerce of Portland, Se
attle. Tacozna and San Francisco, and re-
n..t tha chambers to take the matter
up with officials of the shipping board at
Washington.
Th. existing ocean freight rates were
gone Into In detail and It was pointed out
that with the shipping board rate main
tained at 10 and independent lines run-
nlnr from British Columbia and the norm
quoting 6 and 7, movement by shipping
board vessels was out 01 tne q
Steps were taken to have the matter put
up to the authorities and a proper a4--iuatment
made.
A committee appointed at a previous
meeting to wait on the railroad companies
and ask that they leave the minimum car-
lot weight at 36,000 pounds reported that
while the matter had not been definitely
sattled the railroads would probably make
the minimum weight 40,000 pounds as
compromise.
PATENT IXOtJB DECMXES AGAIN
Sixty-Cent Cut Is Announced by Millers.
Wheat Firmer.
A decline of 60 cents a barrel In patent
flour, the third to be made this month,
was announced by local mills yesterday.
Bakers' flour was cut a dollar or more.
The new list price of patents is J9.80. of
bakers' i8.25, graham iS and whole wheat
18.20.
The wheat market was firmer during the
flay with the improvement in the east. A
moderate amount of business was reported
bv country ateents. Wheat bids on the
local board were 10 cents higher than Mon
day on club and 5 centa higher on other
grades.
Coarse grain trading was very quiet.
Gray oats and feed- barley were 50 cents
higher and corn $1 higher on bid.
Terminal receplts. In cars, were reported
by the Merchants' Exchange as follows
Wheat Barley Flour Oats Hay
Portland, Tuea. . 39
Tear ago 11
Season to date.. 7078
Year ago 4037
Tacoma, Monday 12
Tear ago 26
Season to date.. 2800
Tear ago 3220
Seattle, Monday. 11
Year ago 16
Season to date.. 2682
Year ago 28U1
3 2 ... 6
10 ... 4
109 359 246 821
116 1859 318 .792
a ... i
... n
40 410 67 448
55 107 492
1 2 1...
1 ... 3
150 156 172 900
134 834 353 666
TCBKEI MARKET FIRM A'D HIGHER
Best Birds Sell on Front Street at 52 Cents,
" . ,Hve Poultry Drags.
The FrWt Street turkey market was a
strong affair. Receipts seemed quite large,
but they were, nevertheless, not equal to
the demand and prices advanced about 2
cents. The best large birds sold at 5.
cents and smaller choice turkeys brought
50 cents. ' Culls sold at the usual dl
counts, according to quality. City retailers
were the principal buyers and they did
not appear to be averse to paying the ad
vance. If consumers buy in the same
solrit today, the current retail price of
60 cents will be maintained. Most of th
Front street handlers believed all the ship
ments were In yesterday, but others look
for additional quantities today. j
As usual at alt holidays, arrivals of live
' poultry of every description were large and
nearly all of the day's receipts were still
unsold at the close of business.
ENGLISH WHEAT MARKET SLOW
Holdings In Traders' Hands Are Large.
Flour Demand Slow.
Broomhall's weekly cable review said:
Countries along the Danube have seeded
a fair to small acreage this fall due to the
extremely dry weather, which has caused
the water In the great river to become very
hallow. Shipments of old crop have been
curtailed owing to the advance of the red
army.
United Kingdom The wheat commission
Is not offering: Holdings of wheat -by
traders can be considered liberal. 1 The de
mand for flour is slow. European weather
continues very favorable for seeding.
Spain Latest estimates make the crop
of wheat 138,000.000 bushels versus 128,
000,000 bushels last year.
India Conditions are not improved and
rains are urgently needed In sections.
PLOCB LOWEST IN FOl'B YEARS
winter ......
Northern spring . .
Red Walla
uats
No. t white .....44 00 44.00 44. OO
No. 2 gray 42.50 42.50 42.50
Barley
Brewing 45.00 45.00 45.0O
Standard feed ,.43.50 43.50 ,43.50
Millrun 40.00 &3.00 38.00
Corn
No. 3 E. Y, shipment... 38.00 35.50 35.50
No. 3 Y. shipment 42.00 36.00 38.0
FLOUR Family natenta. 19.80 - valley.
$S.23; whole wheat, JS.20; graham, S.0O.
siLLreisp Prices f. o. b. mill. Ml..- '
run. OA per ton; rolled barley, $5413156; i
rolied oats, 153; scratch feed $09 per tan
CORN Whole, $53; cracked. tf per ton.
HAY Bu, .rig prices, f. o. b. Portland:
Alfalfa, $22. 00 23.00 per ton; cheat, $22
23, ciover, 23; valley - tiraoUi. 4tfZa.
Uastarn Oregon timothy, (30,
Dairy and Country Prostacsj, -
B OTTER Cubes, extras, 54a63o per lb.;
prints, parchment wrapped, in box lots,
59c per pound; cartons, 60c, half more;
butterfat, buying price, 53&54c per pound
stations; oic Portland delivery.
EUtiS Buying price, cast count. 70o;
pullets, 58tg62c; Jobbing prices to retailers.
candied, hc; selects, czc
CriEEStt Tillamook., triplets, price to
jobbers f. o. b. Tillamook, 3Uc; Jobbing
prices, Portland; Oregon triplets, - 2Wc;
Washington triplets, 40c; xouug Ameri
cas,' 33c
roui-TRv Hens, ziesoc; springs, zc;
ducks, 2ja35c: geese. 26a: turkeys, live.
35c; dressed,-- choice, 6052c-
.furiik rancy, Jfttffioc per pouna.
VEAL, Fancy, 15c per pound. .
Fruits and Vegetables.
FRUIT Oranges, navels, $7 8. 50: lem
ons, $4.oU4pU box; grapeiruit, ffw per
box: bananas. 12t0 13 sc per pound; ca-
sauas, 34c per pound; grapes, $3.50 per
crate, 16c per pound; pears, $2.t0 per box;
huckleberries, 1822c per pound; cran
berries, coast, $4.5o&5.50 per box; eastetrn.
$18uvl9.oU per barrel; apples, $1.25tp per
box.
VEGETABLES Cabbage. Jo per
pound; lettuce, $d.25$f3.75 per crate; cu
cumbers, $2 per dozen; carrots, $1.75f
2.5U Der sack: garlic. 25c: tomatoes. $3.25
Ver lug; beets, $2)2.50 per sack; turnips,
$2.50 per sack; eggplant, lc per pouna;
cauliflower. 1.75 per dozen; celery, 75C4J1
$1 per dozen; green peppers, 15c per pound;
sprouts, 17& 200 per pound; squash, 2so
per pound; pumpkin, Uttc per pound.
fOlAAUJs.D Oregon, fi.duv' per w
pounds; Yakima. $2.503; sweet potatoes,
54f5Vsc per pound.
ON ION a Oregon, st.ia per sacs:; Cali
fornia brown, $34f2.25 per sack; pick
ling, 8lUc per pound-
Staple Orocerie.
Local Jobbing quotation;
riicak ack basis: Cane, granulated.
10c per pound; beet, 9.80c per pound.
Ho.NJbl New, sa.aUitfB per case.
NUTS Walnuts, Z2fcp:8c; feraxil nuts,
B5c: filberts. 21tjj25c; aimonua, 2ti&3uc.
peanut. vb14c per pound; cocoauuts,
per duz. ; pecans, 32i3uv; cheauiuut, v
45c pouna.
KICK Jrflue Rose, Httc pr pound; Jap
an slyis, 11c pr pound.
.tt,ANS tiuiall wants 6c; large white,
gc; pink, 7fac; lima, luu; oayous, 11c,
reu, b'nc per pound.
COF'E wasted, bulk: drums; SI
41c per pound; sacked. 22tp27e per-pauou.
MA.1-T iiiMUiLu, ba.es, 4tUs
halt ground, ton, ous, $lw.la; luus, ea.2i
iuuip ruca. $26.50.
Provision a, . - ;
Local jobbing quotations: '
HAMS All sixes, 3o3bc; skinned,' 350
39c: picnics. 2oc; cottage roll, 3d a.
LAKU Tierce basis, 25Vc; shortening,
17 Vsc per pouna.
KM bAi.1 Short, clear backs, 26030c
per pounu; plates, c.
BACON Fancy, 47 & 54c; standard, 32c
per pound.
Olla, .
LINSEED OIL Raw, barrels, 06cj
drums, t.uo; cases, e.xx. xuuea, parrels,
Uoc; drums, sx.ua; cases, 11.10,
TURPENTINE Xauka. 1.41; cases,
$1.5I.
LUAL OIL Tank wagons and iron bar.
rela, liftc; cases, 30 37c.
FUEL OIL Hulk, $2.85 psr barret.
UA&oLlNE Tank wagons and iron bar
rels, 29c; cases, 41 frc
Wool, Caacara, Kta.
MOHAIR Long staple, 2oe per pound;
khurt staple, luc per pouna.
T ALLOW No. .1, be per pound; No. 2.
&c per pound.
CASCAKA ba. r pound, gross
weight, old peel, Vise; new past, also per
pound.
WOOL All- graiea nominal
HOPS Oregon, 1920 crop, nominal, 35c
per lb.
AdxUES AND FELTS Nominal.
EXPORT SALES HEAVY
EUROPE'S PURCHASES ARE
LARGELY DOMESTIC 'WHEAT.
Chicago Market Firm and Higher
as Result of Increased For
eign Business.
"BUY IT FROM
THE NAVY"
7 ' CONDEMNED STORES
for sale
Navy Yard, Puget Sound, Wash.
BY SEALED BIDS TO BE
OPENED, 10 A. M., DEC. 8, 1920.
' WINTER CLOTHING
Underwear Blanket Shirts
Socks , Wind-proof Suits
SI it tens Arctics, 15-inch
Oil Stoves
Furniture '
Refrigerators '
Machine Tools,
, Scrap Metal
, Steel Shortbars
Lignum Yitaer"
Boats, Oars, etc ' ,
Scrap Cork, Rope
Emergency Rations
-( A
Sale will be for cash to the highest
bidder. Material may be seen at
the navy yard prior to submittinsr
bid. According to the "Terms of
Sale a deposit of twenty per cent
of the total amount must accom
pany the bid. r
Catalog of sale and further in
formation may be obtained from
THE BOARD OP SURVEY. AP
PRAISAL, AND SALE, NAVY YARD.
PUGET SOUND, WASH., or from
the Sales Office. 305 Lowman
Building, Seattle, Wash.
"buy it from
the;navy"
N.P?THae More Heat ' - .:
Less Osal - . .
Northwestern and Canadian Issues
Yielding 7 to 9
n
Protecting Your Earnings
The Better Business Bureau of the Port'
land Aa"lub promotes truthful advertising
and hon selling practices. Foremost
among itsachings is "Investigation be
fore Investment."
Morris Brothers, Inc., indorse its princi
ples and contribute to their Support by re
taining an active membership in this organization.
Can You
Afford Not
To Buy ,
- The many outstanding bar-:
gains available at current
price levels?
It is advisable, of course,
to discriminate and while
this is unquestionably the
time for bargain buying, we
would suggest that you ob
tain a copy of our latest
market analysis. It might .
prove, opportune to ar
range ' for the investment
now of all available funds
over the next year or two.
We shall be glad to con
" suit with you as to
What to Buy ,
and acquaint you with onr
convenient monthly pay
ment terms. -
Addreii Dept .PG-28 for com
plete data. No obligation in
writing.
Ch RRLE5 RClRRKSO M & &
66 Brocadwy. -NewYorK.
Buying Small as I'urchasers Have Suffered
Through Repeated Decline,.
MINNEAPOLIS, Minn., Nov. 23. (Spe
cial.) The Northwestern Millers' weekly
review of the flour market say a: "Another
harp drop in wheat, apparently checked
by a rally today, haa carried flour prices
to a new low level with patents ranging
from 18.25 a barrel at the western mills
$10 in eastern markets, which represents
the lowest prices In four years. Even ao,
there has been little buying1, aa purchasers
who have already suffered repeated losses
through successive drops in wheat have no
confidence that $1.50 represents the final
. low point.
The mills continue to run at about half
capacity and the output of both flour and
fed is smaller than in any preceding No
vember for many years."
Sugar 50 Cents Lewer.
Another decline of 50 cents a hundred
was announced by the California sugar re
finers yesterday and the reduction went
Into effect immediately in the local mar
ket. Cane granulated is now quoted by
Portland jobbers at $10, sack basis.
NEW YORK. Nov. 23. Raw sugar i.?8c
for centrifugal. Refined augar S.?59c for
fine granulated.
Futures were firmer, despite the easier
feeling in refined, and prices at midday
were 15 to 20 points hipher on covering.
Better Trade la Krirs.
There was a better demand for eggs yes
terday and with receipt of fretth stock
light the market was firm. Dealers be
lieve the weakness at San Francisco may
affect prices here fter Thanksgiving.
Butter was steady with a moderate
movement in cubes.
CHICAGO, Nov. 23. For the first time
In more than a week the wheat market
closed at an advance. Brisk export de
mand, together with, assertions that liqui
dation was at an end, had much tq do with
the strength shown. The finish was nerv
ous, 7Mic to 9c higher, with December
to S1-6S arra March 91.63 to 91.64
Corn gained 2c to 3ic. Oats, 1
lc to 2c and provisions 22c to Tic near
th end of the session.
Buying of wheat at the end was greatly
accelerated by a report that Julius Barnes,
former national wheat director, had ex
pressed an opinion that prices were ai
the bottom. This report was a distortion
of remarks by Mr. Barnes, which were
along ojnimistic lines, but in which he said
explicitly that he was not a bull. En
tirely aside from the Barnes incident, how
ever, a considerable change In sentiment
among traders was evident from the out
set. It was known that export demand
was brisk and1 that millers were rapidly
placing orders for flour. Besides, finan
cial conditions were easier, and sterling
exchange rising. betoacKi in prices.
though sharp at times, were brief and
after the close it was estimated 'that sales
to Europe totaled 1,500.000, about half that
amount domestic grown.
Corn and oats were hoisted by the
strength of wheat.
Packers buying turned the provisions
mai'Ket upward notwithstanding that
first weakness prevailed owing to big
breaks In the value of nogs.
The Chicago market letter received yes
terday by Overbeck & Cooke company of
fortianu sata:
Wheat Started strong, had a sharp de
cline, and then developed . pronounced
strength and advanced about 10 cents
from the bottom on a large amount of
short covert a a. Sentiment was by far
more friendly to the market, encouraged
by the strength in securities, which gave
the idea that the financial situation was
on the road to improvement. This theory,
however, was not substantiated by tha
general news, including several bank fall
ures through the graf n belt. Cash prices
were higher with futures, but premiums
remain unchanged. Export business was
piacea at i.oou.ow bushels with the sig
nlf leant feature in this connection the
ease with which the wheat was bought.
Sales r bushels to to Into storaeo.
while small, emphasized the poorness of
tne aemana. country otierings were said
to be materially larjrer at the advance.
A Broomhal! cable reported the removal
of all restrictions on wheat exportations
by the Argentine government and also
Australia will have 100,000,000 bushels
h-grade wheat to export from the pres
ent crop, which will begin to move iriSL
January. We regard this advance today
as a natural recovery in an extended -ear
period.
Corn Covering by shorts, particularly in
tne east, was clearly the outstanding fea
ture ana tne maraet advanced despite th
bearishness of the news. The cash mar
ket dragged with old yellow corn sellin
3 cents hiirher while new was rjraetica.il
unchanged. Shortly beforeT the close cash
receivers intimated that they were get
tin la rarer orrerlnes trom the country
aue to tne aavance in price.
Oats Higher prices were made In svm
pathy with other grains, but the market
was suDject to consmeraDie pressure cred
lted to the east. Spot prices were higher
witn tutures, seinng on yesterdays basis.
We believe something radically new must
occur to permanently arrest the decline
in this commodity as well as other feed
Rye The buying of 750,000 bushels
worked for export yesterday and ,00,000
nusneis toaay, tne largest ror some time,
inspired considerable outside buying.
Provisions Another' decline of 75 cent;
to $7 In hog prices, due to large receipts.
caused considerable liquidation In products
early in the day. Towards the close some
Bank Clearliurs.
Sank clearings of the northwestern cities
yesterday wer as follows:
Clearings. Balances.
Portland .... lu.lOO, vl.o4l,&va
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 la
More Than 50 Cities
Portland Yeon Bldg.
Telephone Main 6072
M
AKE your house warmer yet fire the furnace
less..
You can do this if you use Carey Asbestair on your
. present furnace pies.
The University of Illinois has proved that the ordi
nary asbestos paper . on furnace pipes allows a large
amount of your heat to escape into the cellar instead
of going up . into the rooms where you need it. '
Carey Asbestair will stop the waste of heat in the
cellar and pay for itself the first year. It lasts as long
as the pipes and can be applied by anyone even when
the fire is going. :
Call or phone for particulars, 'jllso ask ' .
for booklet proving, these coal savings. -
- Headquarters for the building and insulating products of
ASPHALT ASBESTOS MAGNESIA
i V ' '- A Roof for Every Building - .
PACIFIC ASBESTOS &
SUPPLY COMPANY
Ws offer subject to prior sale and change In price
' The Unsold Portion, City of
Edmonton, Alberta Province
6 General Obligation Gold Notes Z
'WpA OCT Exempt From All Domln- '
X 1C1U if O Ion Government Taxation
Dated Sept. 1,' 1920. Due Sept. 1. 1922. Price 95.04.
Denominations $100. $500 and $1000.
6 Improvement Bonds, City of
Vancouver, Washington
Local Imp. Dist. No. 181 .
Yielrlino" 7 Of Exempt From
1 ieiaiHg t o Income Tax
Dated Oct. 1, 1920. Due Oct. 1, 1921 to 1930. Optional on and
after Oct. 1, 1921. Prices from 92.9 to 97.40. Denomination $500.
Improvement Bonds, City of
Seaside, Oregon
6 General Obligation Bonds
Yield 7 to 7.50 fnretTF.xom
Dated Nov. 1, 1920. Maturing- serially from 1921 to 1931.
Prices from 92.41 to 9S.58. Denomination $500.
Prin'cipal and semi-annual interest payable in TJ. S. Gold Coin at
designated places and at the offices of Morris Brothers, Inc.
Telephone or Telegraph Orders ait Onr Expense.
MORRIS BROTHERS, Inc.
"The premier Municipal Bond House"
PORTLAND, OR. MORRIS BLDG.
309-11 STARK BROADWAY 2151
Established
Over a
Quarter
Century
Other Offices at Seattle. Tacoma, Wash.,
and San Francisco, Cal.
Capital
One
million
Dollars
4 SAFE DEPOSIT BOXES ja
DISTRIBUTORS
62-20
67 and 9 First Street,
PORTLAND, ORE.
, . ,
short covering", influenced by the strength
in grain, brought about a recovery. The
aensoraiizauon in tne on 1001 anmiB j
certainly not conducive to optimism . on
the long side of products.
Leading futures ranged as follows:
-v-
Dee..
Mar..
Iec. . .
May..
Open.
$1.61
1.57
,65 U
Deo.
May
Jan. . . .
Jan. ....
May . . .
WHEAT.
Hta-h. Low. - Close.
$l.SUVi $1.88V4 $1.88
10414 l.S4tt 1.63
' CORN.
.67 .644 .87
.74 .70 " .73W
OATS.
.45 V, .42 .45
.49 .47 .49
$24)27; wild oats. $1S20; barley, 17 cember, I1.S6; March. $1.B0. Barley,
20; alfalfa, $222S. !$55SO. Flax, .No. 1. 12.04 tg 2. Oj.
J Cotton Market.
1 -NT PIT---' VOW W Vnv 9 Qnnt 1-AtlAn
ic.Arui,t-s. isov. z-.i wneat ue- quiet. Middling, 17.Oc.
Minneapolis ftrain Market.
22.S0
14.60
14.00
12.55
.43
' .48
MESS POKE.
22.00 22.70 . 21.40
LARD. .
14.25 14.60 " 14.15
13.50 14.07 13.50
. SHORT RIBS.
Jan . 11.80 12.00 11.90
Cash prices were:
Wheat No. 1 hard. $1.68 1.72 ; No.
2 Corn No1' '2 ' mixed, 7172c; No. 2 yel
low. 7679c.
Oats No. 2 white, 4749; No. 3
white. 45 46c. -
Rye No. 2, $1.47. . '
Barley 62 90c.
Timothy seed S. SO 6.75.
Clover seed $1220. . . -
Pork NomsnaL
Lar-i $18.67. .
Ribs $13015.50. "
Grain at San Francisco.
SAN FRANCISCO, Cal., Nov. 23. Grain
Wheat. $2.7o3; barley, spot feed. $2
2.05; oats, red feed, 2.3O-g2.50; corn,
white, Egyptian, $3.103.15; red milo, $2.75
2.80..
H a v Wheat, fancy, $2S-jt29; tame oats.
More than two billion dollars of taxable
wealth secures these
3 Year .6 General
Obligation Gold Bonds
Province of
ONTARIO
Den. $1000
Price 96.68 Yield 7.30 b
The taxable wealth of 450,000 people backs these 3-year
t Gold Bonds Province of '. .. -
BRITISH COLUMBIA
Den. $500, $1000
.Price 96.03 Yield 7.50
: 111
. EsBBBHBIbsHB
Principal and Interest Payable in U. 8, Gold
omxm
Under- Supervision, Oregon stain HaaMirOopaximiadj
Commercial and Savings Trusts
BROADWAY and OAK
STATEMENT OF CONDITION "
The Bank of California. National Association
SAN FRANCISCO
Including Its Branches in Portland, Seattle and Tacoma
At Close of Business November 15, 1920
, ' v ASSETS ' "
Loans and Discounts .....$ 68,055,611.23
Bank Premises (San Francisco and Branches).... .1,478,640.68
Other Real Estate -' 206,453.26
Customers' Liability under Letters of Credit 11,517,199.67
Sundry Bonds and Stocks 5,089,049.62
United States Bonds to Secure Circulation. 2,150,000.00
Other United States Securities 4,902,933.89
Redemption Fund with United States Treasurer... 107,500.00
Cash and Sight Exchange. 33,291,509.23
Total. V .$126,798,897.58
LIABILITIES
Capital .. .J $ 8,500,000.00
Surplus and Undivided Profits .' k 9,172,076.90
Reserve for Taxes and Interest 194,327.78
Circulation ... 2,134,197.50
Letters of Credit 11,593,491.53
Bills Payable and. Rediscounts with Federal Re-
' serve Bank 10,999,028.46
Other Liabilities : 2,041,900.61
Deposits ' : 82,163,874.80
'Total $126,798,897.58
'PORTLAND BRANCH, Third and Stark Streets
W. A. MacRae, Charles Leigh, J. T. Burtchaell,
Manager. ' Asst. Manager. Asst. Manager, '
We Offer and Recommend
Kingdom of Sweden
3H Sterling
Bonds of 1900
Free From All Swedish Taxes
These bonds are the general obligation of the Swed
ish Government and are payable, principal and interest,
in London Exchange.
Price $410.00 Per 200 (Par Value $974.00)
Your daily income at the present price of exchange is
about 6.15 and will increase as exchange improves up
to 8.31. In addition to tiiis interest income, your prin
cipal will increase 75 if bonds are paid at the present
rate of exchange, and if -exchange is at par when they
are paid your increase of principal will amount to 138.
As conditions become more normal English Exchange
will advance in price, and we recommend these bonds as
affording one of the safest and most profitable invest
ments now obtainable.
Wire or write for full details.
fcj.nevereaux RfompanV
INVESTMENT BONDS
87 Sixth Street - Broadway 1042
Wells Fargo Building Portland, Oregon
The time for receiving; written pro
posals for the purchase of the building,
machinery, - equipment and improve
ments of the Ames Shipbuilding and
Dry dock Company of Seattle is ex
tended to and including November 30th
instant at 3 o'clock P. M.t the company
reserving the right to reject any and all
proposals.
Ames Shipbuilding & Drydock Co.
1610 HOGE BUILDING, SEATTLE, WASH.
80 Hydro-Electric
Nevada-California Electric
Corporation
TEN-YEAR 8 SECURED GOLD NOTE .
Denominations $500 and $1000.
Callable at 103 and interest.
The major portion of the earnings of the Nevada
California Electric Corporation is derived from rates
fixed by the California Railroad Commission. This en
ables the corporation always "to earn a fair and rea
sonable return upon the actual investment."
- Over 80 of the present 60,287-H. P. capacity of the
Nevada-California system is generated by water power,
and all the company's power sites have not been fully
developed.
Price 99 and Interest, Paying 8.15
Write or phone for circular M-24, giving complete
information.
Blyth. Witter. & Co.
UNITED SEftXES GOYERWULPT W3NICIPAI. AHD CORPORAXIOH BOKDS
San Francisco
YEON BUILDING PORTLAND
Telephone, Main 8183
Seattle Los Angeles
New York
Phone Your WANT ADS to Tic
OregonianMain 7070 A 560-95