Morning Oregonian. (Portland, Or.) 1861-1937, September 02, 1921, Image 21

Historic Oregon Newspapers

Morning Oregonian., September 02, 1921, Page 21, Image 21

Image provided by: University of Oregon Libraries; Eugene, OR

About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Sept. 2, 1921)

Prev Page of 22 Next Prev Issue Next Text PDF JP2 (4.6 MB) Clip/Print Image

Return to Top

Prev Page of 22 Next Prev Issue Next

Newspaper Page TextTHE BIORNIXG OREGOXIAN, FRIDAY, SEPTEMBER 2, 1921" MARDUIS WHEAT IN STRONGER DEMAND Local Bids Raised to Parity With Hard White. OTHER GRADES HIGHER riuprjr In Eastern Market Dae to Bullish Estimate Made by Crop Expert. The strong demand for Marquis wheat resulted in the raising of bids on northern spring irora 8 to S cents at the Merchants' Exchange yesterday. This put northern spring on a parity wltn bard white. Ac cording to some of the dealers this should have been done long ago. Bids on. other grades of wheat were 1 to 2 cents higher than Wednesday. A good demand was reported In the country and a fair amount of business was done, though farmers were said not to be free sellers at the advance. The flurry In the eastern wheat market was attributed largely to B. W. Soow's report, which put the wheat yield at considerably less than the government es timate. Snow's report said: "Condition of corn 83 per cent indicating crop of 3.143.000.000 bushels. Reports based on ac tual physical examination, however, are less optimistic and there Is evidence of failure of ears to fill and of loss 'from the ravages of the ear worm that will only bet measurable when the crop Is husked. Threshing returns for winter wheat show a further drop, now averaging 4.1 bushels per acre with Indicated crop of 54S,0O0,0O0 bushels. A further decline of spring wheat when harvested Is reported, average 11.1 bushels pe.' acre, making the crop 11)5,000, 000 bushels. Threshing yield of oats per acre is less than a month ago; indicated crop 1,040.000.000 bushels." A Chicago bulletin said: "The fact that no corn was delivered on September con tracts shows the keen demand and the underlying strength of this cereal. It Is reported Greece took 1,800.000 bushels of wheat. Russell says exporters took 400,000 bushels of corn." Terminal receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat.Bar.Flr.Oata.Hay. Portland Thurs.. 244 1 21 1 Year ago 78 1 ... 1 B Season to date 62110 6 413 111 230 Tear ago 2o 24 131 103 210 Tacoma, Wednes... 126 8 8 14 Year ago 7 .. 1 ... 1 Season to date 1000 81 204 27 76 Year ago 510 14 178 13 132 Seattle. Wednes. IB 8 2 1 Year ago 11 1 2 ... 10 Season to date 0.12 2S 330 87 258 Year ago 409 80 81) 4 361 EASTERN CRANBERRY CROP SHORT Va. 2 gray 23.00 28.00 Barley Bowing 25.00 25.00 S-andard feed 22.00 22.00 Corn No. 2 E. T. shipment 29.00 29.00 ITLOUR Family patents.' $7 80 per bar rel: whole wheat. Sd.20: graham, 800; bakers' hard wheat, 17.25; bakers' blue stem patents, 18.75; valley bakers. 88.00: timothy. Sls18.50. M1LLKKKO Price f. o. b. mill: Mill run. 124 per ton; rolled barley, J34 936; rolled oats, $35; scratch feed. $47 per ton. CUH.N Wliole, $ij cracksU. 3tf per ton. HAT Buying price t o. b. Portland, Alfalfa, $15 per ton; cheat. $12912.50; oat and vetch, $13 013.50; clover, $10; valley timothy, $1515.60; eastern Oregon. timothy, libit 18.50, Dairy and Country I reduce. BUTTER Cubes, extra, 43c pound; prints, parchment wrapped, box lots, etio; cartons, 47c. Butterfat. buying prices: No. 1 grade. 47c. delivered Portland. EGGS Case count, 29c; candled ranch. S2W34c; seiects. 3i&3Gc. -CHEESE Tillamook triplets, prlci to Jobbers, f. o. b. Tillamook. 24c; Toung Americas, 25c pound. POULTRY Hens, 1627c lb.; springs. 25&2Sc; ducks, 222tc; geese, nominal; turkeys, nominal. PORK Fancy, 15c pound. VEAIe Fancy. 16&164c per pound. Fruits and Vegetables. FRUITS Valencia oranges. I4.501.7S per box: lemons. $8.784f7.5V; grapefruit. $0.50 box; bananas, SO0o pound; apples $1.253 box; cantaloupes. 75cGJ $2.25 crute; peaches, $11.15 box; wa termelons, lftplc pound; plums. 85c 4r $1.25 box; pears. $1.51l0'2 box; blackber ries $1.50 per crate; huckleberries. 17 to 9 20c pound; grapes, $2.2ojjp3.25 per crate; casabas, 2&2fec per pound. POTATOES Oregon. 1 i S 2o pound ; Taklma, 2.6 2 bo pound; sweet potatoes, 6S'4c pound. ONIONS Yellow. $2.753.00 per sack. VEGETABLES Cabbage, 45c lb.; lettuce, $2.103.25 urate; carrots, $2.50 per sack; garlic, 1520c per pound; beets. $2.50 per box; cucumbers, 75pl)0c per box; beans, 76uc per pound; green corn 30Q 85c per dozen; celery. 90c&$1.25 dozen: eagplant. u&lOc pound; tomatoes. 859 9uc box; green peppers, 8c pound; peas, 10 is!? lie pound. Staple Groceries. Local jobbing quotations: SUGAR (sack basis) Cane, granulated, 8.D5c pound; beet, 8.75c pound. NUTS Walnuts, 20925o pound: Brazil nuts, 18&20c; filberts, 15917c; almonds, 24ii'30c; peanuts, 89IIC pound. KICK Blue Rose, 60 per pound; Japan style, per pound. UEA.N Small wmte, 4.90c; pink, 8Vio; lima, 7c; red, 10c per pound. COFFliE Roasted, bulk, lu drums, 140 88 $ic per pouud. SALT Granulated, barrel, $3.2094.05; bait ground, ton 60s, 817.23; 100s. (18.25; lump rock, $20.50. HONKY Comb, new crop, $7.50 per case. iJKlEO FHU1TS OJates, $4.25 per box; figs, $3.2595.28 per box. Hides, Hops. Etc. TALLOW Mo. 1, 3Vi4c; HO. 2, 292 Uo per pound. CASCARA BARK Five cents a pound. delivered Portland. HOPS 1U20 crop, 18920c per pound contracts. 2b930c per pound. HIDES Fresh cured, 44j4'ic per lb.: calf, 11c per pound; Kip, oc per pound. WUUb new cup, Ola -sue per pound. MOHAIR New clip, loc per pound, de livered Portland. DAKOTA HOGS RECEIVED! TITO IOADS COME DIRECT TO liOCAL PACKERS. Trading Is Light Daring Day and Prices In All Lines Are Unchanged. There was a light run of six loads of stock at the yards yesterday and of these two loads of hove containing 250 head came from North Dakota direct to a local packer. There were no new developments in the market. Prices were unchanged and the tone of the market on the whole was steady. Receipts were 23 cattle, 6 calves, 3S3 hogs and 03 sheep. ina days sales were as follows: 248 1 steer.. 060 28 steers. 11:13 1 cow . , . 950 1 cow... 1100 1 calf. .. 3;(0 lbull... 600 Shoes.. 184 8 hogs. . 9 hogs.. 1 hog. .. 18 hogs.. 14 hogs. . 1 hog... 22 hogs.. 1 hog... S hogs. . 1 hog. .. 18 hogs. . 1 hoa. .. 8 hogs. Wt. Price. I $4.30 11 hogs... 5. 10 17 hogs. .. 2.0HI17 hogs... 3.50;2T lambs.. Wt. Price. 209 $11.00 209 11.00 255 8.55 6.001 4.00 10.50 10.00; 48 10.001 310 6.50 182 203 3D0 202 550 220 2X0 10.501 4 lambs 12 lambs.. 6 ewes... 1 cow .... 1 cow. ... 5 calves. . 20 hogs... 9.50101 hogs... S.OOl 6 hogs... 11.00 3.50 6.60 9.00; HID 11.001 310 8.001 201 11.001 4 hogs.. 152 ll.OOi 0 hogs.. 166 11.00 5 hogs. 10 hogs. .. 1 ho.... 24 hogs... o nogs. . . 2 bogs... il lambs. . 11 lambs. . 4 mixed 5T 47 79 128 KiO 1200 424 153 183 175 104 134 320 183 4.65 4.00 5 50 2.00 1.75 4.50 T.50 11.00 11.00 11.00 11.00 11.25 7.00 11.00 long time, with a strong tone displayed nnder the stimulus of the advance in wheat and further strength in the casn article. The fact that no deliveries were made this morning on September con- tracta was considered indicative 01 strong underlying position. A leadiifg crop authority estimated the new crop at 3,195, 000.000 based on a condition of 83, but added that actual examination disclosed poor filling which will not show up until the crop is husked. The small cotton crop this year looks ud as a strong bull argu ment in corn because of the Increased seeding of grain that will ba made neces sary by the scarcity of cotton seed used for feeding purpose. We consider the market on an attractive Investment basla Oats Hedging pressure by northwestern Interests and local cash houses was well taken and the market responded to the strength on other graina Cash prices were about 1 cent higher and the trading oasis rirm. The tuillsh feature or a local estimate of 1,090.000,000 bushels was the statement that on basis of weight the crop this year will be about 8S8,000,U00 bushels. Hye Futures ruled firm, but almosi without feature. Seaboard messages failed to confirm any export business having been done, but intimate that bids were In the market. Leading futures ranged as follows: WHEAT. Open. Hiah. Low. Close. $1.21 V, $ 1.2S $ 1.21(4 $ 1.254 Sept Dec, Sept... Dec... Sept. Dec. Sept. 1.23 .53 .63 .S3 .37 1.27 CORN. .5514. .54 5, OATS. .854 .88 .1.22 1.27 .53 .63 MESS PORK. .35 .87 .55 .54 .85 S .88 17.30 216 11.00 215 11.00 5.00 6.00 2.S0 75 130 The official Quotations at the Portland union scocjcyards were as follows: Cattle Pries Choice steers f .oo 6.50 .Medium to choice steers 5.30 8.00 Fair to medium steers fiooru 5 50 common 10 lair steers t.ooo? o.ou Choice feeders , 4.7.1(0 5.25 Fair to good feeders 4.2.", "fo 4.75 Choice cows and heifers ..... 6.009 5.75 -vieaium to good cows, heifers 4.2. 8.00 Fair to medium cows, heifers 3.25 0 4.25 Common cows 2.50(a) 4.25 Common cows 2.50 8.23 Csnnsrs '. 1.50 2.00 Bulls 2.0043 3.50 Choice dairy calves lO.ftOg 11.00 Prime light calves io.nocMO.5fl Medium light calves 7.00W10.00 Heavy calves . 0.50 7.00 Hogs Prime light ii).0011.00 Smooth heavy, 250 to 300 lbs. . on 010.50 Smooth heavy, 300 lbs. and up 8.00 9.00 Yield Estimated at 28,700 Bushels Lens Than Last tear. 'With the Pacific coast cranberry crop now about ready for market and a few small shipments already coming in, grow ers and the trade in general are Interested In the eastern crop situation. Present Indications are for a Massachu setts cranberry crop of 203,000 barrels. against a crop of 280,000 last year. The smallest one since 1900 was that of 120,000 in 1917, when about half the crop was destroyed by severe freezing during the harvesting. - The latest information from Wisconsin forecasts 22,700 barrels, against 34,000 last year and the five-year average " of 35,000. New Jersey, 175,000, against 122,000 barrels last year and the five-year average of 140,320. The total for these three states Is 402,700, against 431.000 last year and the five-year average of 434.060. Various unfavorable conditions combined to reduce the Massachusetts crop May and June frosts, floods in July and worms since then. The fruit worm Is generally reported as more destructive than usual and growers fear quite heavy further re duction of the crop from this pest, which la yet very active. Set of fruit Is very uneven. Growers report the berries some' what larger and further matured than usual and expect picking to begin early In September. BUTTER MAT BE AT TOP Eastern Markets Are Weak and San Fran cisco Declines Again. While the butter market was firm yes terday because of the small supply of cubes, the opinion was expressed in the trade that prices would go no Richer for me lime ueing. mere was anokuer urup oi 2 cents at San Francisco and eastern advices were easy. The markets in the east are top-heavy and there are pros pects of an unusually large fall make. In the meantime, full prices are being offered by creamery men here for butter fat: The egg market was dull and weak with resales of current receipts generally at 29 cents. Few of the larger dealers have offers out in the country and their limit seems to be 27 cents. Receipts Were light and -the local demand was slow. The poultry market had a weak under tone. Hens sold at 16 cents to 27 cents according to size and springs brought 25 cents to 28 cents. There was a fair de mand for veal, but pork dragged. WHOLESALE PEACHES UNSETTLED Taklma Elbertaa Cut to Cost Price First Tokays Received. The Front street peach market was un settled. Yakima Elbertas started out at $1.25, but soon they were selling generally at $1.15, a price that allowed no profit for the handlers. The first Tokay grapes of the season arrived and sold at $3.23. Black Prince grapes were also received and quoted at $2.50. Malagas were listed at $2. 50 2. 73. Among the arrivals was a car of sweet potatoes which were quoted at 595c, according to quantity. Wormy Fruit Condemned. Several tons of fruit that was offered on the market in an infected condition has been condemned by County Fruit In spector Walker. The quantities seized ranged from single boxes up to ton lots. Inspector Walker has issued a warning to fruit growers in this vicinity to sort their fruit at the orchards. This will save tiiem much loss, as all fruit coming on this market will be rigidly inspected. Bank Clearings. Bank clearings of th northwestern cities yesterday were as follows; Clearings. Balances. Portland 1 . .$4,206,038 $ 870 773 Seattle , 4,246.!:S4 687.7.12 Tacoma 510.477 42 10S Spokane 1.410.279 ' 483i043 PORTLAND MARKET QUOTATIONS Grain, Floor, Feed, Etc. Merchants' Exchange, noon session: Provisions. HAMS All sizes, 87989c: skinned. 340 41c, picnic 20 9 21c; cottage roll, 25c, BACON fancy, iiwuc; cnoice, 87c; standard, 25929a '. LARD Pure, tierces, 16o pound; com nountl. tierces, 12 c LIB If SALT Baca, 22 9 28c; plates. Its. Oils. LINSEED OIL Raw, in barrels, $1.02; .(-gallon cans, $1.11. .Boned, In barrels, ...... . .... : 1 ....... cl 1Q - TURPENTINE In drums, 82c; 6-gkllon cans, $1.07. WHITE LEAD 100-pound kegs, 12e per pound. COAL OIL Tank wagons and Iron bar rels, 17 c; cases, 80 9 37c GASOLINE Tank wagons and iron bar rels, 26c; cases, 88 c. SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc., at Bay city. SAX FRANCISCO, Sept. 1. Poultry Toung chickens, 32 9 3ic; staggy roosters, 20923c; old roosters, 15918c; hens. 259 37c; ducks. 25c; geese. 8Uc; turkeys, live. 35c; dressed. 45c: Belgian hares, live. 13c; dressed, 18 920c; squabs, fancy. 40c. -Vegetables Squash, 40965c; potatoes, $2.1593; onions, $292.25; tomatoes, $1 92; bell peppers, 8 9 6c; beans, 6960; lima, 798c; Italian, 597c; carrots. $1 sack; eggplant, 895c; corn, $2.5093 sack; sweet potatoes, 3 94c; lettuce, $1.25 crate; celery, $4 94.5U crate. Fruit Oranges, $45.50; lemons, $49 5.60; lemoneltes, $2 9 3,50; grapefruit. $4 95; apples. $192.50; strawberries, $1,209 1.40 per crate; blackberries, 30940c drawer; huckleberries, 12 9150 per pound; rasp berries, 60 9 75c drawer; peaches, $2 9 2.75 per lug; cantaloupes, standards, 75c9 $1. ponies, 09M)c; flats, 40 9 6uc: figs, double layer, $1.2591.30; plums, 73c9$120 crate; watermelons, 91c pound; grapes. Heedless, $1.2591.50; other varieties, $1.25 92.23; pears, $1.5093.50. Receipts Flour, 2870 quarters: wheat, 3200 centals; barley, 1808 centals; beans, 1018 sacks; corn, 855 sacks; potatoes, 2027 sacks; onions 1525 sacks; nay, 150 tons, apples, 1800 boxes; lemons and or anges, 400 boxes. QUOTATIONS ON DAIRY PRODUCE Market Prices Ruling on Butter, Cheese and Eggs. SAN FRANCISCO, Sept. 1. Butter Extra choice, 45c; prime firsts, 44 c. .-nr. Extras. 45c: extra firsts, 42c; extra pullets, 37c; extra pullets, firsts, 86c; undersized pullets. No. 1, 25e; No. 2, 18c. nha Csllfornia flats, fancy, 21; California flats, firsts, luc; California Young America, firsts, 25c. Rough heavv . . . Stags ,. Fst pigs Feeder pigs Sheep East of mountain lambs Prime vallev lambs ... Fair to good lambs .... Cull lambs Feeder lambs Light yearlings Heavy yearlings ....... Mght wethers Heavy wethers Ewes : ."7 6.00 7.50 4.00 7.50 . 10.O0W11.O0 ., 9.5010.00 . 6. no IS B SC . B.50 6.00 . 5.00 5.50 . 2.50 3.00 . 1.50 .1.00 . 4.00 4.50 . 2.50 .1.00 . 2.50 3.00 . 2.0O 2. 50 . 1.00 3.00 Wheat Sept. Oct. Hard white $ 1.13 $ 1.1.1 Soft White 1.12 1.12 White club 1.12 1.12 Hard winter , 1.12 112 Northern spring 1.13 1 12 Red Walla 1.08 1.08 Onts No 2 whit- f1 . . 54 no 24 on FAXCY LIGHT VEAL. IB-17c. Receipts light: market firm. SHIP. HONEY WANTED. ANY QUANTITY. WHAT HAVE voit Let us know at once. Dried Fruit at New York. NEW YORK, Sept. 1. Evaporated ap- I nles nominal. Prunes scarce. fescues 100 Front Street, Portland, Oregon, steady. THE SAVINAR CO., INC. NEW YORK, Sept. 1. Butter Easy. Creamery, higher than extras, 41!4 941c; creamery, extras, 4U&4UVic; creamery, firsts, 303ac. Eggs Irregular; unchanged. Cheese Dull, unchanged. raifiGO SeDt. 1. Butter Higher. Creamery, extras, 38c; standards, 35c; firsts, S3 9 37c; seconds, JUOJitiC Eggs Lower. Receipts, mdi cases. Firsts, 20 9 31c; ordinary firsts, 24 9 20c; miscellaneous, 27 9 28c SEATTLE Sent. 1. Wholesale prices to dealers Eggs, select local ranch, white shells. 3693Jc; select local ranch, mixed colors. 33c; pullets, 27 9 28c Butter City creamery, cuoes, eoc, bricks or prints, 4ic; country creamery, extras, cost to Jobbers, In cubes, 44c. Coffee Futures Market Steady. NEV.- YORK. Sept. 1. The market for coffee futures was somewhat irregular to day, but showed a generally aleauy under tone owing to tne Bteauiuesa ui Drn.it auu reports tnat firm otters were restricted by the uncertainty ef exchange rates. The III a rK el opeiieu uui;ut(i h...hDr nn over-niaht buying oruers. but alter their execution eased off troiu 7.23C to 7.12c for Decemoer unuer scancrcu rliiina:. Later the price firmed up again on trade buying accompanied by reports of a- fair spot uemaiid and December closed at 7.2oc bid. Deliveries on contract were reported of 73,500 bags today. The general market closed net 1 pomt higher to 2 points lower. Sales were estjmated at about 2S.0U0 bags. September, 6.85c; October. 6.9ic; December. 1.20c; January, 32c March, i.oic; JSay. 1.10c, juij, i.ooti. Spot collet, firm; Mo ia, ijanlos 4s, 10 c to 11 Naval Stores. SAVANNAH. Ga., Sept. 1. Turpentine, firm-. ulUc; sales, 128 receipts, 354; ship ments, 1; stock. 7086. Hosin. firm; sales, 433; receipts, 9bJ; shipments, iione; stock, 73.861. yuoie: tl XIO; D, 3.75; E, 3.S0. F, 3.D3h U. $4; H 4.03; 1, $4.15; K. $4.25; M, $4.30; .N, 1.3U; Wfl, $5.15; WW, 3.00. Metal Market. NEW YORK, Sept- 1. Copper, steady; electrolytic, spot and, nearby, 12c; later, 1212c Tin, lirm; spot and nearby and futures, 26.75c Iron, steady, unchanged. Lead, steady; sput, 4.40c. Zinc, quiet; East SL Louis delivery, spot, 4.20c Antimony, spot, 4.80c - New York Sugar Market. NEW YORK, Sept. 1. Raw sugar, 4.6tc to 4.86c; refined. 5.9oc. Duluth Linseed Market. DULUTH, Sept. L Linseed on track and to arrive, $2. Cotten Market. NEW YORK. Sept. 1. Spot cotton, steady; middling. 17.50c Chicago Livestock Market. CHICAGO. Sept. 1. (tT. S. Bureau of Markets.) Cattle Receipts 11.000; choice steers, steady: others slow to weak; prime yearlings, $10.85; top medium weight steers, $10.25; bulk, $6.75 9 9.75; she stock, bulls, stockers and feeders, steady; fat cows and heifers, mostly $4.5090.50; can ners and cutters, largely $2.75 9 3.50; bo logna bulls, $4.759 5.75; veal calves, 23 to 00c higher; bulk, $12.50913.25. 1 Hogs Receipts 19,000; fairly active; steady to 15c higher than yesterday's aver age; commoner grades and good heavies up most; bulk of sales, $6.8599.45; top, i).60; heavyweight, $799; medium weight, $8.8599.60; lightweight, $u.0; light lights, $8,509 9.25; heavy packing sows, smooth, $6.7597,40; packing sews, -rough, $6.50 9 6.85; pigs, $7.7598.75; bulk, desir able, $8 9 8.50. Sheep Rcelpts 23,000; steady; top native lambs early, $8; bulk, $7.30 9 7.75; culls. $4.5095; top western lambs, early, ' $8; some held higher; sheep dragging, navies almost unsalable; feeder- lambs, $7. Kansas City Livestock Market. KANSAS CITY. Sept. 1. U.' S. Bureau of Markets.) Cattle Receipts 4300; beef steers, slow and steady with yesterday's low time; top, $8.80; common and medium Texas, $4.259 5.60; medium to grassers, $.5.359' 7.15; all other classes fairly active except cows; sales steady; few good cows, $5, bulk of prime ordered $3.0095.50; com mon to good bulls, $3 9 4.75; most grass heifers,' $4.7595.50; few short feds, $6.50 97; best vealers, $9.oO; early salea stock ers. $H.305.60; feeders, $596.23. Hogs Receipts 3000; barely active to packers and shippers, mostly heavy to strong; spots, 50c to $1 higher; $0.30 paid for choice light packers; top, $9.35' bulk of sales, $8 9 9.20; packing sows and pigs. steady; choice stock pigs, $9. Sheep Receipts 8000; very slow; killing classes mostly steady; wethers, $3.35; west ern utmos, s.o98. - Omaha Livestock Market. OMAHA, Sept. 1. (U. 8; Bureau et Mar kets.) Hogs Receipts 3000; both packers and shippers operated and demand centered on better grades or butchers; advance on beeves mostly 10 to loc; packing grades uneven, steady to loc higher; good clear ances! bulk better grades, $7.308.50: top. $U; bulk packing grades which formed big end of run. $6.0097. Cattle Receipts 2-00i fed steers, steady tD 15c lower; nothing of outstanding qua! lty and the finish included; best yearlings here. $9.75; good western and native grass steers, strong: otners slow; cows, neiiers and bulls mostly steady; stockers and feed ers. slow, steady to weaK. Sheep Receipts s.oou; supply mostly lambs from western states; market on killing grades active and fully steady bulk westerh lambs, $0.75 9 7.50; early top, $7.65; sheep, steady to strong; feeders, active and firm. LARD. 11.72 11.47 11.82 11.57 11.72 11.75 Sept... 11.47 Oct... 11.71 SHORT RIBS. Sept... 8.92 8.97 8.90 8.97 Oct... 9.00 ' 0.10 9.00 9.10 Cash prices were: Wheat No. 2 red, $1.28; No. 2 hard. ll.J8ttl.2B. Corn No. 2 mixed, S6a; No. 2 yellow, 56c Oats No. 2 white, 38937c; No. white, 34 36o. Rye No. 3. $1. Barley 59963c. Pork Nominal. Lard $11.70. Ribs $9 910.25. Timothy $4 6' 5, viover $18919. Seattle Grain Market. SEATTLE. Sept. 1. Wheat, hard white. soft white, white club, $1.13; hard red winter. $1.11; soft red winter, $1.10; northern spring. $1.12; eastern red Walla, l.us; .Big tlend bluestem, $1.2L City delivery Feed Corn: Whole yel low, $38; cracked corn, $49; corn feed meal. $40. Barley: Whole feed, $34; rouea nariey, $3; ground barley, $36 clipped barley, $41. Oats: Whole feed $39; rolled oats, $41; ground oats, $41; sprouting oats. $44. Wheat, recleaned feed, $43. Ail grain chop. $38. Chick feed, $37. Chick mash, $53. Growing masn. saa. jtgg masn no B. M. 147. Scratch feed. $47. Wheat mixed feed, $23. Cocoanut meal, $27. Cottonseed meal. $40. Linseed oil meal, $48. ' Soya bean meal. $58. Hay Alfalfa No. 1. $20. Mixed hav. No. 1, $22. Timothy, No. 1, $27; straw, $18. Winnipeg Grain Market. WINNIPEG. Sent. 1. Cash wheat. No. 1 northern, $1.59; No. 2, $1.52; No 3, $1.50; No. 4. $1.35: No. 6. 11.05: on track, $1.52. Oats, No. 2 white, 4Sc; N9. 3, 47. Barley, No. 8 C. W., 78c; No. 4, 76 c; on track. 76c Rye, No. 2 C. W. and on traok, $1.11. Flax, No. 1 w., si. Of. Futures Wheat, October. $1.42; No vember, $1.41; December, $1.86. Grain at San Francisco. SAN FRANCISCO, Sept 1. Grain Wheat, milling, $1.902; feed. $1.9092; barley, feed. $1.209L27; shipping, $1,30 91.42; oats, red feed, $1.401.6O; corn, white Egyptian, $2.20 9 2.30; red Milo. tl.9092. Hay Tame oat, $1015: wild oat $10 912; barley. $10912; alfalfa, $12914; wheat, $13918; stock. $8910. Minneapolis Grain Market. MINNEAPOLIS. Sent. 1 Ro,-i. At at 59c Flax, No. 1, $1.93 91.96. RESERVE RATIO GROWS STEADILY Increase of Three-tenths Per Cent Reported in Past Week. WASHINGTON. Sent. 1 Lhlr.. sources and liabilities of the 12 federal reserve banks at the close of business Au gust 31, were reported tonight by the federal reserve as follows: ,. , RESOLHCES. Gold and gold certificates. . .$ 413,900.000 Gold settlement fund, federal ooara 428.073,000 T LIGHTER DEALINGS DTE TO APPROACHING HOLIDAY. Continued Firmness of Money Also Figures In Irregularity of Market. NEW YORK, Sept 1. The approaching triple holiday exerted a pronounced In fluence over today's stock market. Deal Inga fell tar below recent averages and consisted largely of the closing of short contracts. Continued firmness of money rates, with call loans holding at 5 per cent and comparatively few extensions ot beptem ber maturities except for the shorter ma turities, also figured In the irregular operations. The August review of the federal re serve board, especially in relation to re tail business, was borne out by the re turns of Sears. Roebuck & Co. These showed a decrease of slightly over 85 per cent for the first eight months of the year. Declaration of rexular common and pre ferred dividends by the American Car ft Foundry and American Steel foundry com pany was noteworthy, because it sug gested that better conditions are expected in the steel and equipment industries. Rails were a source of disappointment. however, notably the Hill group. Losses of one to three points ranged throughout that division, regardless of the publica tion of more favorable statements oi earn ings. on the constructive side, the session was dominated by foreign ells. Mexican Pe troleum and kindred slocks scored ex trsme sains of one to five points, their strengtn again being assooiatea witn in dications ot a settlement of the Mexican controversy. Steels, motors, coppers, ship pings, sugars and chemicals closed at ir regular declines. Sales were 865,000 shares. British and other European exchanges moved mom favorably to home centers. sterling gaining almost 2 cents at its best. with further strengtn In guilders, im provement extended to far eastern points, Including China. Mexican government 4s and 5s were ac tive and strongest of the foreign bonds, French and the new Brazilian Issues also being In demand. Domestic rails gained, despite the heaviness of related shares, and local tractions made sharp recoveries. with irregularity in liberties. Sales, par value, $10,250,000. CLOSING STOCK QUOTATIONS. (Furnished by Overbeck & Cooke com- 600 " 100 100 200 800 100 1.400 8O0 9O0 600 Total Sold held hv hnnlrn U.11 U7-. ,uin Gold with federal reserve ' ' agents 1 i.i f.ni nni, Gold redemption fund 104,'563.000 Seattle Livestock Market. SEATTLE. Sept. 1. Cattle and hogs. steady, unchanged; no receipts. J ESTIMATE IS CUT BULLISH REPORT BY CROP EX PERT SENDS MARKET tP. Chicago Options Close 4 to 4 Cents Higher Eastern Houses -Are Free Buyers. CHICAGO, Sept. 1. Trading in wheat broadened aonsiderabiy and with limited offerings prices advancd sharply and at the top showed 5 cents over the inside figures made early on the board of trade today. Houses with eastern and seaboard connections were free buyers and the mar ket's action was taken as confirming the recent trade opinion that any Increase In the outside Interest would result in a sharp advance. A private crop report showing 40.000,000 bushels of all wheat for the country, or 17,000.000 less than the gov ernment August report, had considerable influence on sentiment, as it Indicated - surplus of under 200,000,000 bushels on the basis of nominal consumption and carry over. The close wis strong with wheat 4 to 4c higher; corn up to lc and oats to 114 c nigner. -Corn showed fair activity and averaged hlerher. September showed more strength than the deterred aeuveries, setting ai over December, with buying or September and selling of December by cash Interests the feature. Oats were active and hlgner with other grains. September gainea sugntiy on v-eember. Provisions were easier on scattered sell ing with deliveries of 4.000.000 pounds of Lard and v.uuo.ouu pounas ox rios on Sep tember contracts. The Chicago Grain letter received yes terday br the Overbeck 4 Cooke company of Portland follows: Wheat The action or the market today was highly encouraging to those enter taining bullish ideas, not only because the market advanced, but on account of the nm.rltihl, imnrovement in buvinr nower. After the first upward spurt, a large vol ume of profit taking took place and the offerlngi were absorbed in impressive fashion. Cash premiums in Minneapolis and Winnipeg were again lower, but con sidering the amount of cash pressure on these markets, the tone in reality was strong and tha demand Very good. Private estimates cut the crop down to 740.000,000 bushels and the trade seemed to take -the reduction very seriously, appreciating that with approximately 90.000,000 bushels al ready cleared from the seaboard or sold for shipment abroad, an acute situation is likely to develop after the initial move ment of spring wheat Is out of the way. At any rate, it is very evident that the builish situation is going to assert itself earlsjf thn generally expected. . ' -.TL-. -T- U . ,... ,l.n n -a lit!...., I. Total sold rM.rv.i ... fl itji o,n ,,,m Legal tender notes, silver, etc. 'l4o!&59,'ooo -.Total reserves 2,787,920.000 Bills discounted, secured by U. S. govern ment obligations. , 645. 178.000 !!, 0ther '" W8.T39.000 Bills bought In open market 85.320.000 Total bills on hand 1,527.255 000 TJ. S. bonds and notes 34 008,000 IT. S. certificate of Indebtedness! One-year certificates (Pittman nf.t too ers Ann All ether ' '.. I.sso.'oooiooo ! Co" Clf r Adams Exp... Advance Rum do pfd ..... Agr Chem . .. do ptd AJax Rubber. Alaska Gold.. Alaska Juneau Allied Chem.. Allls-Chal . . . Am Best Sug Am Bosch . .. Am Can Co. . do pfd Am Car & F.. do pfd ..... Am Cot Oil. . do pfd Am Drug Syfl. Am Hide &. L, do old ..... Am Ice ..... Am Intl Corp. Am Linseed... do nfd Am Loco .... do pfd Am Saf Razor Am Ship & C. Am Smelter... do pfd Am Snuff .... Am steel Fdy. Am Sug do ptd Am Sumatra,. Am T & T.... Am Tob do B Am Wool .... do pfd Am W P pfd. Am Zinc .... Anaconda .... Assd Oil .... Atchison ' ..... do pfd Atl Coast Line All G e W I. Bald Loco . .. do pfd Balto A Ohio. do pfd Beth Steel 8s. do B Booth Fish Butte C & Z.. Butte tt Sup.. Caddo Oil ... Cat ' Packing.. Cal Pet do pfd Can Pec .... Cen Leather.. Cerro de P... Chand Motor. Chi & N W... Chi ?t West.. do pfd ..... Chill Cop .... Chino i. C M St P do pfd Coco Cola . C O Colo F A I... , Colo Southern . Colo G & .. Col Graph ... Con Gas Salea High. Low. '500 46 43 ""00 29 "28 ""200 400 200 600 87 37 8,200 82 30 '1,306 'is" 82" 300 26 26 "TOO 124 124 2,400 20 27 800 100 800 200 'i.Voo 7,0"00 100 10,300 1,000 4,800 1,100 4,500 100 600 400 700 "Vo'6 100 4,800 3,800 2,500 100 "i.Voo 400 88 84 83 65 69 44 106 123 122 71 T 84 85 81 24 76 33 64 23" 68 105$ 120 68 6 ,83 '84' 81 '23 T4 37 36 49 "4" 1,200 84 1,300 1,300 100 2,700 600 1 00 900 800 6.600 2,100 2,100 1,000 200 100 900 111 27 43 84 9 22 25 88 34 51 64 3 87 48 "i" 33 iii' 28 '42 68 . 22 25 88 84 63 53 8 86 . Total earning assets l,737.48s.ooo Bank premises 27,509,000 Five per cent redemption fund . against federal reserve bank notes 9 539.000 Uncollected items 455.807,000 Ali other resources 17,470,000 Total resources ..3,055.S23,000 LIABILITIES. Capital paid in $ 103.050.000 Surplus 218,824,000 Reserved for government fran chise tax 48.061,000 Deposits Government 46.809,000 Member bank, reserve account 1,618,001.000 All Other 2,1,044.009 Total deposits 1 . .'. 1,690,734.000 Federal reserve notes in actual circulation , 2,481,466.000 Federal reserve bank notes in circulation, net liability l09.S64.0O0 Deferred availability Items... 380,302.000 All other liabilities 19,442.000 Total liabilities $5,055,823,000 Ratio of total reserves to deposit and federal reserve - note liabilities combined 06.8 per cent. Ratio of gold reserves to federal reserve notes in circulation after setting aide 35 per cent against deposit liabilities 88.5 per cent. INSTITUTE T0J3E NOTABLE Prominent Speakers Will Address Farmers at Gresham. GRE8HAM. Or., Sept. 1. (Special.! The farmers' institute Which will be held at Orient grange hall next Monday promises to be one of the most successful that ever has been held here. A fide programme has been arranged. , A speaker of unusual interest will be Miss Milan, from the Oregon Agri cultural college, who will speak on "Home Life." 3. A. Churchill, state, superintendent of public schools, will deliver a talk on "Better Schools." Other speakers will be Roy R. Hewitt, assistant professor of the department of government and busi ness law in the school of commerce of Oregon Agricultural college, and W. H. Hertzog, who has charge of the department of rural leadership In the Kimball school of theology at Salem. COAL SHIPMENTS RESUME Washington Operators Have Little Trouble With Strikers. SEATTLE, Sept. l. Shipments of coal from the mine at Franklin are to begin about the end of this week, ac cording to a statement issued by the Washington Coal Operators' association, and by the end of next week, it is expected coal will be taken out of the mines at Burnett, Carbon ado and Wiiesoh. No trouble aside from jeers and cat calls hurled at non-strikers has been reported from any of the mines by Sheriff Starwich. Wednesday was the expiration of the period given by the operators for their former employes to vacate company houses. The op erators are not planning wholesale evictions, it was stated. . 900 400 1,700 'i.2'0'6 8,000 700 200 4,000 "i.s'oo BOO 306 2,300 800 100 86 'is" 76 '66 8 18 12 "t 60 13 88 "si" 24" 31 76 64'-" 12 69 13 Bid. 44 11 30 29 61 18 1 87 $2 27 31 26 60 124 108 17 88 4 10 48 32 28 19 42 85 102 3 e 83 65 98 22 S?2 48 lot) 121 10 70 . 86 X 6 33 84 80 84 23 78 95 36 50 40 4 11 8 61 83 72 111 2. 4J 63 ! 23 24 87 84 53 23 85 'It 86 27 67 86 68 101 24 81 Pierce Oil .... Pitts Coal ... Pitts & w Va. do pfd Pr Steel Car.. Pullman ..... Ray Con ..... Reading ...... Remington ... Replo Steel.., Rep I A S.... . do pfd Rep Motors... Ryl Dutch Oil Ry Steel Spg.. Saxon Motors. Sears Roebuck Shattuck Aria. Shell T T.. Sinclair Stand Oil Cal. Sloss Shef ... So Pac 80 Ry do pfd ..... St L A S F... Strom Carb. Studebsker .. Swift ft Co... Tenn C ft C. Texas Oil .... Texas Pac ... Tex P C ft O. Tob Prod .... Tr Contl Oil.. Union Oil Del. Union Pae . rnlted Alloy., fnlted Drug.. Ttd F4 Prod.. I-nlted Fruit. Ctd Rds N J.. do prcl rtd Rtl Stores 8.100 V S Ind Ai... 2.400 TJ S Rubber.. 4,100 do 1st pfd.. - 800 v smelting. U S Steel 83 11 60 22 900 48 6 92 11 66 21 "45 4! T8 8 4.8 TT 1.500 84 63 1,000 200 2,300 2.000 1.800 1.100 18 70 "7B 10 47 23 18 70 75 19 4A 22 28,300 72 . 71 1O0 2.900 100 700 11,400 800 800 800 MO 1,000 600 T 85 J, 17 63 6 17 118 "48 18 103 T 34 22 18 60 6 17 118 '47 15 108 An nfd ftah Cop . . . Va Chem .... do pfd Van Steel ... Vlvandou .... Wabash do A pfd... do B pfd. .. Wells Fargo.. West Pao .... do pfd West Union... Westh A B... Westh B ft M West Md .... White Motors. Wlllys.Ovid . do pfd Wilson Park.. Wis Central.. Woolworth . .. Worth Pump.. W ft L 8.200 200 8.200 200 'ijoo 600 100 inn 400 4.1 44 83 "74 109 45 25 "29 " 6 22 48 43 82 '73 109 44 25 '28 21 T . 64 25 73 81 93 11 86 20 22 43 80 8 48 78 8 64 6 86 18 70 83 75 19 46 22 27 72 93 7 22 17 63 17 118 23 48 1 104 1T 02 44 44 82 27 74 108 44 24 8 28 6 7 20 13 66 21 R 82 82 1.400 43 42 42 "nn "82 'H" 81 2.600 .1 5 8 400 26 25 26 2.1 109 100 84 8 4 84 , 8 BONDS. .100 W T C deb 6s. .100 IV p 4s .104'M P 8 .104 Pac T ft T 3s. ..7.1lPa con 4s.. ..73IS P cv 5s A T ft T cv 6ainmvso Rv s ..... Vtch gen 4s... 78 I V P 4s ) ft R G con 4s 651U S Steel 5s.. Bid. TJ S 2s reg. .. no coupon C S 4s reg,., do coupon Psn 3s reg. . no coupon 92 K . T7 "7 84 , 87 .92 84 4 81 94 Liberty Bond Quotations. Rsnse of liberty bond onotatlons fur nished by the Overbeck ft Cooke company 01 ortiana: 'f.sbo 58 400 600 5.200 6,200 T.800 100 400 4,600 200 700 200 600 600 100 100 4.200 2,200 200 1,700 600 1,300 500 700 "i.'ooo 600 . "'600 122 10 44 "ft '43 72 70 do pfd Contl Can ... Contl Candy.. Corn Prod ... do pfd Cosden Oil . .. C R I ft P... do A pfd. .. do B pfd... Crucible ...... do pfd Cuba Cane . .. do nfd ..... Cub Am Sug.. Del ft Hudson. Dome Mines... D ft R G do pfd Endi Johnson. Erie do 1st pfd. . do 2d pfd. .. Fam Players.. Fed M & Sm. do pfd Flsk Tire ... Gaston Wms.. Gen Cigars . . Gen Elec .... Gen Motors... do 6s Gen Asphalt.. Goodrich .... Goodyear .... Granby Gt Nor Ore... do pfd 1.... Greene Can... Gulf S Steel.. Hask Barker,. Houston OH.. Hup Motor.... Ill Central Inspiration .. Int Agr Corp. do pfd Interboro .... do pfd Intr Callahan. Int Harv .... do pfd Int Mer Mar. do pfd . ... Int Nickel.... Int Paper ... do pfd ..... Invln Oil Island Oil ... Jewel Tea . . . K C Southern. do pfd ,... Kelly-Spgfld . 2,400 Kennecott ... 100 Keystone Tire 800 Lack Steel Lee Tire Tj.hich Valley 4.000 l.nrlllord 143 Lowe Theaters 800 12 12 12 L ft N Max Motor A. do B .'. ri n(f ..... Mex Pet .... 48.000 105 Miami 200 46 10 44 10 82 82 "i" 8 6 74 42 12 43 "8 1 "24 88 "11 '24 DO ft 2 7 A 41 12 42 "i" 2 "24 S7 'ii 24 30 83 54 60 T 11 12 90 IT 1 60 12 18 13 6A 6 21 9 65 122 2 62 43 80 10 14 28 71 19 n i.8 94 31 , 83 2 7 8 T4 100 8 41 12 42 78 8 2 10 24 60 11 87 24 so Liberty Ss Liberty, first 4s Liberty, second 4s . . Liberty, first 4s... Liberty, .second 4l. Liberty, tnirn 4s... Liberty, fourth 4s.. Victory, 4s Victory, 3s Blgh. Low. Close, . 87.48 87.40 87 40 87.70 87.02 . R7.90 87 82 87.80 . 87 84 87.78 87.78 . 01.94 91 82 91.84 . 87.96 87 90 87.88 . 98 98 98 88 98.94 . 98 98 98.92 98.94 Mining Stocks at Boston. BOSTON, Sept. 1. Closing quotations: Alloues IT INorth Butte Aris Com 7'Old Dom .. Calu ft Arlx... 48 lOsceola Calu Hecla. .220 Qulncy Centennial Cop Range .. East Butte . . Franklin Isle Royalle . . Lake Copper. . Mohawk r'A'sunerlor 31Sup ft Boston. 7 Shannon 111'tah Con .... 17 IWinona 2 I Wolverine . . . . 46) 8 21 22 84 2 .1 0 3 48 11 Money, Silver, Etc. NBW YORK, Sept. 1. Prime mercan tile paper, 866 per oenL Time loans, stracy; 60 day's, 80 days and six months, 6 68 ner cent. Call money, firm; high, low. ruling rate, last loan and offered at, 6 per cent: closing bid, 5 per cent. Bar silver, domestic, 99c; foreign, 62c. Mexican dollars, 48c. .ONDON, Sept. l. Bar silver, 87 d per Ounce. Money, 3 per cent. Discount rates short bills. 4 per esnt. Swift ft Co. Slocks. Closing prices for Swift ft Co. stocks st Chlcflso were renorted by the Overbeck ft Cooke company of Portland as follows: Swift ft Co .i Llhby. McNeil A LIbby 8 National Leather T Swift International 22 Foreign Bonds. Forelsn bond Quotations furnished by the Overbeck ft Cooke company ot Port land: . Bid. ASK. ... IT 19 ...4 6 ... 17 19 ... 62 64 . .. 72 72 ... 50 60 ...32 33 j ...370 875 ...303 375 ...358 806 ...277 2S7 ...252 207 ...67 69 ... 70 73 ... 9 9 ... 1U 11 ... 10 . 11 .. 11 12 ... 11 12 ... 12 13 .r. 11 12 .. . 12 14 ... 11 13 ... 72 72 ... 86 811 ... 86 811 ... 99 100 . .. 9 100 98 98 811 88 Russisn 8s. 1921. Russian 5 us. 1926. Russian 6U.S. 1919 French 6s. 1981... French 4a 1017.. French 5s, 1920 .. Italian 5s. 1918 ... British 6s, 1922... British 5s. 1927... British 5s. 1929 .. British vky 4s.... British ref 4s Belgium rest 5s... fl.lrliim nrem As . German W. L. 5s . Berlin 4s Hamburg 4s Hamburg 4s ... Leipsig 4s Leipslg 5s Munich 4s ........ Munich 5s ....,- Frankfort 4s Jap 4s Jap first 4s . ... Jap second 4a .. Paris 6a U K 5s, 1921 U K 5s. 11122 French ext 8s, 1945 100 do 7s. 1941 Grand Trunk 7s. 1940 1S Goodrich 8s. 1941 1"' Gulf Oil 7s, 1U33 8 Great Northern 7s. 1931 12 Hershey 7s. 1930 9(1 Humble Oil 7s, 1923 97 Int Rap Tr ref 5s. 1966 68 Int Mar CT 6s, 11141 JT Kennecott 7s, 1930 - 92 Libby. McNeil ft Llhby 7s. 1931 ! Morris tk Co. 7s. 1030 Mexican Pete 8s, 1936 NYC call 7s. 1930 102 Norway 8s, 1940 13 Northwest Tel 7s, 1941 102 Ohio C G 7s, 1925 94 Pan Amer 7s, 1030 81) Penna 6s, 1986 101 N P ft O N (Jnt.) 6s, 1936 101 i N P 6s, 2017 11 San Paola 8s, 1936 97 Southwt Tel 7s, 1925 97' Standard Oil N T 7s, 1931 104 do of Cal 7s, 1081 104 Steel ft Tube 7s, 1951 , 92 Swiss 8s. 1940 10 Sears Roe 7s, 1922 98 do 1923 97 Solvay 8s. 1927 1 Swift A Co. 7s, 1923 7 Un Tank 7s, 1930 101 U S Rubber 7s, 1930 99 Wtlson 1st 6s, 11128 82 West Elec 7s, 1925 100 Westlnghouse 7s, 1931 101 Zurich 8s, 1945 100 Foreign Exchange. Foreign exchange rates at the close of business yesterday, furnished by North western National bank of f'otiland. The amount quoted Is the equivalent of the foreign unit In United states tunas: Country Foreign unit. Austria, kronen , Be'glum, francs ........... Bulgaria, leva , Czecho-Slovakia, kronen Denmark, kroner England, pound sterling ..... Finland, flnmark .....i France, francs Germany, marks Greece, drschmss Holland, guilders Hungarv. kronen .- Italy, lire Jugo-Slavta. kronen Norway, kroner Portugal, escudos Roumanla, lei Serbia, dinars ............. Spain, pesetas Sweden, kroner .., Switzerland, francs China Hongkong, local currency Shanghai, taels Japan, yen NEW YORK, Sept. 1. Exchange, strong. Sterling, demand, 83.74: cables. $3.74. FVinm demand. 7.86: cables. 7.86. Bel gian francs, demand, 7.61; cables, 7 61. CnM.r. demand 31.83: cables. 31.91. Lire. demand, 4.49; cables. 4.30. Marks, de. and, 1.16; cables, lit. t.reece, ueinmnu, 3.6.I. Sweden, demand, 21. 7j. Norway, de- nd. 13 (18. Arsentlne. demand, au.ii ura- rllian, demand, 13.63. Argentine, demand. 30.12. Montreal, 1-1S per cent uaraiuui. Rate. .$ .0018 . .o 1 1 1 . .0013 ' . .0125 1 . .ism) I . 3.7650 I . .OHIO . .0702 . .0120 , ,tl.,70 . .820., . .01111 . .04110 , .0063 . .1376 . .1015 . .012.1 . .0233 . .131.". . .2r.Mi . .1716 . .sooe . ."Otllt . .4875 Panic Proof Bonds! We do not pretend to know anything about the "value" of stocks of doubtful enter prises, except enough to let them alone, but we DO KNOW a great deal about the values of good bonds. Your insurance company is a large investor in safe bonds. Your bank owns large amounts of safe bonds. You have great con fidence in your insurance company and in your bank. You believe in their con servatism. Can you afford to be less careful with your money than your insurance company and your bank is with theirs? Ask for our current list. TACOMA EXPECTS RELIEF IESS t7TErPLOYIEVr IX CITV XI ELD ASSnXED. rian for Financing Local Improve ments Promises to Furnish Work for Many Men. TACOMAi Wash.. Sept. 1. (Special ) -Less unemployment In Tacoma ! assured, according- to Mayor Rlddell, who has under way a comprehensive plan for financing; local Improvements which, in turn, will permit the city to start work on small Jobs by day labor. In addition to furnishing- employ ment for many Tacoma citlxens, the financing plan will put Tacoma'B local improvement bonds at par and im prove the city's credit on local Im provement bonds, the mayor said. Under provisions of a law passed In 1917 the city Is permitted to estab lish a fund for the purpose of guar anteeing; to the extent of such funds bonds issued against local improve ment districts of this city. An ordi nance providing for the guarantee of such bonds has been introduced In the city council. To provide the required funds, tax levies will be made from time to time as other levies are made. Warrants drawing Interest at 6 per cent may be Issued againBt this fund to mee any f'nancial liabilities accruing against it. In the opinion of Mayor Rlddell this is one of the most construotlve pieces of work the city of Tacoma has undertaken. Passage of the ordi nance and he says it is assured- means the lifting of 20 per cent of the costs of local improvements from the shoulders of tarpsvsrs. Start an INVESTMENT ACCOUNT It will enable you to buy the very hiahest type of fine bonds which will yield you an Interest return on your money of t to 8, and better, while aaving. 10 will start an account. Ask us a'jout It. Freeman, Smith Camp SKHJNS ICO 1 ..m,m.m Bun rumt an sraaa CO. r ST4S organisation; composed of business and professional men, meets one weekly for luncheons. DAILT METEOROIX1GICAL KKrORT. PORTLAND. SepL I. Hlehept temper, ature, 71 degrees; lowest. 53. Hlver read ing. 8 A. M., 8.8 feet; change in lent 24 hours, 0.5-ront rise. Total ralnlsll 3 1'. M to 8 P. M.. trace; normal. .03 Inch; deficiency, .03 inch. Hunrl. 3 81 A. M.; sunKet, 6:30 1', M. Total nimnhliie, 3 hours and 21 minutes; possible sunshine, 13 hours and 18 minutes. .Moonriae. 611) A. M. Fri day; moonset, 8:511 P. M. Kridny. liaroni eter (redured to sea levol), i P. M . 2U.02 Inches. Kelatlva humidity: 3 A. M . M per cent; nun, 43 per cent; 8 P. si., 53 per cent. THU WRATHKn. STATIONS. U K 6 Vis. 1929 8"4 U K 5 Vis. 11137 8814 7?ew York Bonds. New York bond 'quotations furnished by Herrin A Rhodes, Inc., of Portland: Am Tel A Tel 6s, 1922 !U do 1K24 " Am Tob 7s. 1023 101 Ansconda 7a B. 1829 14 do 6s A, 1U28 Armour cv 7s. 1830 ,.i 87 Vs do 4tts. 11)38 81Vk Argentine OI 5s, 1843 70 Asn As Chm 7tta. 1941 (4Ti Beth Steel 7s, 1022 100 do 1028 UK'S do Ko 7s. 1935 95 Belgium Kxt tVis, 1043 102 do 6s, 12 do 8s. 1940 101 u Bergen 8s, Ctty of, 1945 DV Brazil 8s. 1941 .' 99 Vs Canadian 3s. 1928 94 Vi do 11)31 90 Can Nat Eq 7s, 1985 101 4 C M & St P gnArf 4 Vis, 2014A 3V rsn Nor 7s, 1840 103 Chile 8s. 1941 . . .. 9KV, Christiana 8s. City ef, 1943 99 Copper Kip 8s, 1923 101 do 1DJ3 ,...1UU'4 do 1924 101 4 do 1925 101 Cuban Amer Sugar 8s. 1931 99 Con Oas cv 7s, 1925 101 14 lila Matcn TVis. lt)35 ...103T4 Denmark 8s, 1943 102 14 DuniMh Mun 8n. 1948 lfllU riupont 7ts. 19ftl rs CATTLE ARE IN DEMAND Incline In Price of Alfalfa Jlaj Makes Dairying: Profitable. CHEHALIS. Wash., Sept. (Spe cial.) On account of the decline In the price of alfalfa hay eastern Washington and Yakima country farmers are buying stock cattle and milch cows locally for shipment to oentral and eastern Washington. At the auction sals held by R. Felby yesterday, Ban Balmoral! of Curtis was the heaviest purchaser, the cattle he purchased all being for Yakima buyers. Alfalfa prices are so low that growers figure it more profitable again to engage in tha dairy business, a line which they, were tempted to foresake some years ago owing to the fact that selling their hay to the west side farmers was more profit able. SECRETARY FALL DINED Irrigation Men of Yakima Hosts to Cabinet Officer. YAKIMA, 'Wash., Sept. 1 Secre tary Fall of the Interior department was guest at dinner last night with irrigation - men, after visits to the Rimrock dam and other reclamation projects. He will spend today In the lower Yakima valley before goii.g to Ba ker, Or. Club Has 69 Members. HOOD RIVER. Or., Sept 1. (Spe cial.) Tha Tuesday Lunch club, or ganized ten weeks ago. has a mem bership of 59, according to the re port of A. M. Cannon, secretary. The lorn inere was iau more miereni in I , , ,-( . this jtuuket than tliero hag been in a Read .Tie Oregonlafl Clissllled adfl. Mid States Oil 5lidv Steel .. M K A T.... do pfd Mont Power Mont Ward Mo Pac ..... 600 do pfd . 800 M St P &SSM. M A St L 400 Nat Biscuit Nat Enamel.. 100 Nat Lead Nov Con .... 400 New Haven... 800 Nor A West,. 400 Nor Pac W.500 Nov Sco Steel N Y Air Brk. ...... N Y Central., 1.100 Ok la Prod ref 800 Ont Silver Ont ft West Otis Steel ... Pac Dev . . . , Pac G A I... Pac Oil Pan Am Pet do B Penna . Peo Gas Pere JUarq ... 800 Pblla Co Pure Oil ,2"6 Flexes- JatgW, S.luO 100 1114 11 18 36 "ioii 'si". 'ioit 15 V 1?" Sett 10 'is' '4 14 7394 70 70 44 1 70H 1 100 10 10 100 1.800 3514 35 7.800 47 45 3.1100 4114 80 Vi 1,800 88 87 3,800 66 54 11 10 10t 39 7 104 1914 11V4 22 1 Z 45 16 19 IH& 64 10 112 32 74 10 16 95 71 S3 4T 70 1 : 1!" 46 40V4 87 55 18 26 23 I IX l "NO!- Hard Times are not coming just Soft Times going," says the Philadelphia Bulletin. Who wants to go back to the uncertain inflated - conditions of war days ? This country of ours has got to get down to business, by the line of least . resistance, by thinking, and planning ahead, and actual performance, not alone by groups of men, but individuals as well. One of the biggest and most remunerative oppor tunities ever offered in the northwest is the Mult nomah Lumber & Box Company's preferred stock. It pays 10 per cent per annum. Hundreds have been quick to take advantage of it. Have you? By all means look into it NOW I F.N CLARK and COMPANY Investment Securities WILCOX BLDG.. PORTLAND San Francisco Tacoma Spokto Walla Walla Raker Knn Bo ton . . Cnlicary .... ChU-apto .... Denver . . . . Den Molne.. bureka, . . . . OaiveHton . . Helena .... "Juneau Kansas City. l,oa Angeles. Msrahrivja ., Mfdforrt .... Minneapolis . New Orleans, New York. .. North H-ad. rhoe.nl . . . . Pocarello ... Portland . .. Kossbura . Sacramento .1 .st. Louis... Salt 1-aks.. San DifKo... San Fran.. .. Ho&ttla ..... Silks, Hpokana . . . Tacoma . Tatoonh . . .. Valdes .... Walla Walla. Washington . Winnipeg . .. Yakima Wind i W.atbsr. 46i 7n 0.00,.. i. ,Cirsr 54 J O.oo . . NW.De.tr O'.'l 8J O.OCIllJ KW Clear 401 Bsii.iiim; NW i'lwr 74 8s O.OO.IL'-H Clear eoj hj o.oo SB fiear 7 Kii o.oo 31 a Main 541 6" 0.00 . ,,NW 'I. i-lnudr 7H 8410.14 11' SK Tt. cloudy 8'V 7K O.oo .10, W clear 4'ltfll' 0.00. .K Cloudy 70 NIO.lIlMOSK 1't. rloudy 5K Hi 0. Oil . . jW Clnudy 5J 7J O.oo;. . NV Clear 47 o.oo 12 NWjCliuidy 10 (I. (Hi; 14 H Clear "H 90 o.oo. .,8 M'lesr HSI Ml II. cilll'S Pi. rloudy (I'll AO II. SI' 14 S Clnudy XX (1.0(1,. . ,NK Clear 84 0.00 . . N ICIear 71 O.OO!. . N W-Cloudy 7 o.oo i aiN wiri. cloudy ft:' o.oo vi s Mi II (III 20 8 hj 0.01,1 6i "h 0.O0. . W nni mi o.ooi . . sV 54 JU.lu,14,a . . tllii ..I Si1 tlx o.oo . . nw .. 04 0.1..:SV .. 8110.10 IMS 4llltUH 0.00, . 6K 70 0.00,. . W 70 84 11.011 . . 8 411 ! 0.OOI. .Clnutly Clear Clnudy ICIear Cloudy ri. cloudy Cloudy Clnudy It a in I'l. cloudy rt. ckoucy Clear cioud'y A. M. today; Ins day. tl'. M. r.purt ol prcu KORKCA8TS. Portland and vicinity Unsettled, wsst srly winds. Oregon unsemsa, moaerai. wsiteriy inda. Washlnston Probably rain west, cloudy east portion; mud.rai. southwesterly wind. Western Bond & Mortgage Co. Buy Md Bell Investment Securities tTnltd Ptataa I-lbartr Prnid Issues, Ktate, County, City. School and Foreign bonds, also First Mortgages on Improved city and (arm property. List of Current Offerings t'poa Hrqurat Western Bond & Mortgage Co. nronnd FL Doard Trad Tilda;. MAIN 113. r FOl'HTII ST. THE SPECIALIST! How extremely essr It Is to spoil in the making what olherwlss would be a wonderful mad. one may have the rla-ht specifications, the. proper material and tha boat machinery available, but care lessness or poor Judgment in or combining; th materlut. in the spreading, compressing, or roll ing: may lay the foundation for unlimited trouble. When War-renlte-Bltulltliic is used. Warren Brothers Company Insist on the pavement beinir not only up to specifications, hut that the prod uct shall be mixed and laid right. Are uu inlercatcd la Commonwealth Finance Stock? If so, communicate, with us. HERRIN & RHODES, Inc. 301-20.1 KaJlrrsy Kichanae Bids;. Mala 2n:i, Main 24 Cascara Bark Hides, Wool, Pelts. Mnhalr. We Are In the Market Write for Prices and Shipping Tsss. rORTf.ANT) IIIDK WOOL CO., GKekliK, M. 8U1. I.IVAN. Manacer. 107 In Inn Ave. N., Portland. Or. i