2L
SEPTEMBER 8, 1921
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WHEAT PRICES GAIN
IH ALL SECT
Elds Approach Dollar Mark
Set by Farmers.
COUNTRY BUYING LARGER
.Crade in Local Market Increases
' With Heavy Purchases by
Xew Firm.
The entrance of the Gray-Bosenbaom
Company Into the local grain field haa al
ready had a stimulating effect on the
local wheat trade. The firm's purchases
: the first day were estimated at 750,000
bushels, and it was In the market for mere
wheat yesterday.
This and the strong market at Chicago
caused a. somewhat exciting market here.
Local board bids did not fully reflect the
eastern advance, but higher offers were
put out at country points. In some of the
Interior sections bids were at or close to
the dollar mark. As this is the level
many farmers have been holding for, it
la understood the day's turnover was
large.
At the Merchants' Exchange session,
bard wheat, soft white and white club bids
were raised 2 cents to (1.15. Other
grades were 1 cent higher.
Coarse grains were firmer, in sympathy
with wheat. Gray oats, feed barley and
Ho. 2 born were B0 cents higher on bid.
Terminal receipts, in cars, were reported
by the Merchants' Exchange as follows
iWht, Ear. Fir. Ots. Hay.
Portland Wed.... IjO
Year ago. ....... 52
Season to date.... 71 54
Year ago. .. .....2V'-7
Tacoma Tues. ... 2B9
Year ago 09
Season to date. ...2361
Year ago
Seattle Tues.
Year ago.
Season to date.
Year ago
11
78
68
2
3
S4
18 1S5
4 3
.30 1 ...
.1118 85 365
. 510 63 71
593
44T
0.
2
4
210
5
5
58
264
6
3
25T
2J4
1
1
SI 83
IT 147
... 28
... 21
35 293
10 410
60WTNQ OF FALL WHEAT BEGUN
Threshing Well Advanced in AH Sections
Prone Harvest Starts.
Some wheat remains to be harvested in
the cooler sections. Threshing is well
advanced. Plowing is under way in some
places, and in Wasco county seeding has
been begun. Irrigated corn is maturing
satisfactorily in eastern counties, but un
lrrigated corn has suffered generally from
drought, according to the weekly crop
bulletin of the Oregon weather bureau.
Peaches continue fairly plentiful. Pick
lng of pears continues. Picking of prunes
for fresh shipments has been begun in
Malheur county. Picking of prunes for
drying will begin in the Willamette valley
ttis week. Apples are maturing well.
Canning of evergreen blackberries con
tinues.
Meadows and pastures have been re
vived by rain in places. Cutting of the
third crop of alfalfa is beginning in east
era counties, while in central counties
cutting of the second crop is under way.
Cutting of alfalfa and clover for seed is
making good progress. Feed on mountain
ranges is holding out well, but - lower
ranges are very dry. Stock is in good
condition.
Potatoes are . generally poor except
where irrigated. Digging in parts of Mal
heur county is nearing completion. To-
matoes and melons are plentiful. Hop
.picking continues, with conditions gen
- arally favorable." ' ' -
CAIX POK APPLES IX SCAJTDINATIA
limited Quantity of High Grade Fruit Can
Be Disposed of.
Scandinavian countries offer a good, al
though limited, market for American ap
vples, and prospects for a successful year in
this trade are encouraging, reports the
American agricultural trade commissioner
at London, who recently completed an In
vestigation in those countries. . The Scan
dinavian markets indicate a preference for
the medium and small sized apple. ;
Special care must be taken in the pack
ing and selection of fruit for these mar
cts. Freight is high, and exchange is
'against the American shipper. American
apples are therefore extremely- high and
only first-class fruit can be disposed of
.profitably.
The ocean voyage from the United States
to Scandinavian pens Is more arduous
than the trip to British markets and un
. less fruit Is In excellent . condition whel
shipped, it has little chance of arriving
in good condition or of holding its own
after reaching its destination. The keep
ing quality of the fruit is an important
item in Scandinavian markets," as railway
facilities are not always of the best. It
usually takes the fruit a week or more to
reach consumers after its arrival at the
ports.
PEACHES HOLD AT LOW PRICES
Active Market for Yakima Elbertas Grapes
Are Plentiful.
There was no improvement in the peach
market yesterday and because of the low
prices quoted on Elbertas, $1.101.20, buy
ing was on an active scale. Three cars
arrived from Yakima during the day. . .
. There was also a good demand for
grapes of all sorts. Six cars of Zinfandels
were received, also one car of Malagas. A
car of Muscats is due Friday and they will
be offered in four-basket crates at $2.25.
Other receipts yesterday were two cars
of Yakima cantaloupes, two cars of water
melons, one car of ice cream melons, one
car of casabas, one car of lemons, one-car
of California cabbage, one car of sweet po
tatoes and one car of Walla Walla onions.
Cube Butter Market Firm.
There was no change in the cube butter
situation. Top grades were scarce and the
market held firm at 43 cents. Prints sold
well.
Eggs were steady with light receipts of
fresh ranch, but storage stock was freely
offered.
Poultry arrivals were moderate but suf
ficient for -the tade. Dressed meats were
generally steady.
I Bank Clearing.
x Bank clearings of the northwestern
cities yesterday were as follows:
Clearings. Balances.
Portland ....$5.71)5.617 f 915,5X9
Seattle 4,745.718 6JU.246
Tacoma 656.696 41.9S0
Spokane 1,7m, 814 S98.027
PORTLAND MARKET QUOTATIONS
Grain, Floor, Feed, Etc.
Merchants' Exchange, noon session:
Bid
Wheat Sept. Oct.
Hard white $ 1.15 S 1.15
Soft white 1.15 1.15
White club 1,15 1.15
Hard winter 1.14 1.14
Northern spring 1.14 1.14
Bed Walla 1.10 1.10
. Oats
No. 3 white feed 24.50 24.50
No. 2 gray 23.50 23.50
Barley
Brewing 26.00 26.00
Standard f"-d '-'.1 IK 23 00
ARE YOU LOOKING FOR A DE
PENDABLE PRODUCE DEALER?
Veal Butter
. Pork Cheese
Poultry Eggs
Honey Any Prod Oct
Get our prices.
RlBY CO..
169 Front St. Portland, Or.
Sixteen Years' Reliability. -
Mlllnin ....
rnrn
No. 2 E. Y. shipment 29.00 . 29.00
FLOUR Family patents, $7.80 per bar
rel, whole wheat, X6.20: graham. 16.00;
bakers' hard wheat, $7.20; bakers blue-
stem patents, $6.75; valley bakers, S6.00;
timothy. $I818-50.
MILLFEED Price o. b. mill: MIU
run, $21 per ton; rolled barley, $3436;
rolled oats, $35; scratch feed, $47 per. ton.
CORN Whole, $36; cracked, $39 per
ton.
HAY Buying price o. b. Portland:
Alfalfa, $15 per ton; cheat, $1212.50;
oat and vetch. $13013.50; clover, $10r
valley timothy, $15615.50; eastern Oregon
timothy, $18 a 18.50.
Dairy and Country Produce.
. BUTTER Cubes, extra. 43c per poundi
prints, parchment wrapped, box lots, 46c;
cartons, 47c Butterfat, buying prices: No.
1 grade, 47c; delivered, rortlana.
EGGS Case count, 30 e 31c; candled
ranch. 32 34c: selects, 35 36c.
CHEESE Tillamook triplets, price to
jobbers, f. o. b. Tillamook. 24c; Young
America. 25c pound.
POULTRY Hens, 1526c lb.; springs,
2627c; ducks, 252Sc; geese, nominal;
turkeys, nominal.
PORK Fancy, 15c pound.
VEAL Fancy, 16V4o per pound.
Frnlts and Vegetables.
FRUITS Valencia oranges, $4.256.50
per box; lemons, $6.007.80; grapefruit,
$696.50 per box; bananas, 88V4c pound;
apples, $1.2503 box; cantaloupes, - iocm
12.25 crate: peaches. $1.10 1.20 box; water-
n,iin lualtc Bound-, plums. G!4c per
pound; pears, $1.502.00 box; huckleber
ries, 16c per pound; grapes, $1.S53.00
frat' caxfthaa. 2 S 2 A C Der POUnd.
POTATOES Oregon, lV2c per pound;
Yakima, 22c pound; sweet potatoes.
4V4Q5o per pound.
OKIONS Yellow. $2.7503 per sack.
VEGETABLES Cabbage, Jtt4ttc lb.;
lettuce, $2.502.75 crate; carrots, $2.50
per sack; garlic, 15 20c per pound.; beets,
$2.50 per box; cucumbers,- 75e per box;
beans. 7 10c per pound; green corn, $2
6B2.25 ner sack: celery, 70c$1.10 dozen;
eggplant, 78c pound; tomatoes, 7585c
box; green peppers. igso pound.
Staple Groceries.
T.erAl tobbina- Quotations:
SUGAR (sack basis) Cane, granulated.
0.95c pound; beet, e.TSc pound.
mitts Walnuts. Manchurian. 20
nnund: Brazil nuts. 1820c; filberts, 15
17c; almonds, 24030c; peanuts. 8 11c
pcund.
24ffl30e: tieanuts. 80 Ho pound.
RICE Blue .Rose, 6c per pound; Japan
at vie. SB51c per pound.
BEANS Small white. 4.90c; pink, 814c;
lima. 7c: red, 10c per pound.
COFFEE--Roasted, bulk, in drums. 140
86 Ho per pound.
SALT Granulated, barrel, $3.204.05;
half ground, ton 60s, $17.25; 100s, $165;
lump rock, $26.60. -'
HONEY Comb, new crop, $7.50 per case,
DRIED FRUITS Dates, $4.25 per box;
figs. $3.2505.25 per box.
Hides, Hops, Etc
TALLOW No. 1, 8 14 4c; No. 2, 29214a
per pound.
CASCARA BARK Five cents a pound,
delivered Portland.
HOPS 1920 crop, 18 20c per pound;
contracts, 28 30c per pound; fugglea, 31
32c.
HIDES Fresh cured, 44c per pound;
calf. Ho per pound; kip, 6c per pound.
WOOL New clip, 86200 per pound.
MOHAIR New clip, 16o per pound, de
livered Portland.
Provisions.
HAMS All sizes. S537c; skinned, 87
39c; picnic, 20c; cottage roll, 22c.
BACON Fancy, 4350c; choice, 80o;
standard. 25 29c
LARD Pure, tierces, 23027c pound;
compressed, tierces, 1214c.
DRY SALT Backs, 19 23c; plates, 18c.
Oils.
LINSEED Oil Raw, in barrels, 97c:
5-gallon cans, $1.12. Boiled, in barrels,
99c; 5-gallon cans, $1.14.
TURPENTINE In drums. 92c; 5-gallon
cans, $1.07.
WHITE LEAD 100-pound kegs, 12 lie
per pound.
COAL OIL Tank wanons ana Iron
barrels, 1714c; cases, 8037c
GASOLINE Tank wagons ana Iron
barrels, X6c; cases, 3814c
SAX FRANCISCO PRODUCE MARKETS
Prices Current on Vegetables, Fresh Fruits,
Etc, at Bay City.
SAX FRANCISCO. Sept. 7. Poultry
Young chickens, 3135c; staggy roosters,
2025c; old roosters, 16lSc; hens, 25
35c; ducks, 20fo23c; geese. 30c; turkeys,
live. 35'ft50c: dressed, 45c: Belgian hares.
live, 15c; dressed, 1820c; squabs, fancy,
0c. ....
Vegetables squasn, zowooc. potatoes,
$2.153: onions, $2.2502.75; tomatoes, 75c
1.00; bell peppers, 34c; beans. 45c;
lima, 78c; Italian, ooc; carrots, si a
sack; eggplant, 35c; corn, $2.503 a
sack; sweet potatoes, otSMl&c; lettuce.
$1.25 a crate; celery, fitgo.M crate.
Fruit oranges, jwd.ou; lemons, )iw
5 50: lemonettes. $23.50; grapefruit. $4
5.50: apples si.aO; strawberries $1. 10
1.40 per crate; blackberries, 3040c drawer;
huckleberries. 1214 toe per pouna; rasp
berries, 6075c drawer; peaches, $1.75
$3.00 per lug: cantaloupes, standards, S5c
$1.00; ponies 6075c; flats 4075c; figs,
double layer, $1.1.35; plums, 75c1.25
crate: watermelons. lc pound; grapes.
seedless, $1.25 1.50; other varieties, $1.25
2.25; pears. $1.303.00. '
Receipts Flour. 174S quarters; barley.
785 centals; corn, 3S12 sacks; rye, 30 cen
tals; potatoes. 2690 sacks; onions, 7071
sacks; bay, 411 tons; hides, 500.
QUOTATIONS ON DAIRY PRODUCE
Market Prices Ruling on Butter, Cheese
and . Eggs. . '
SAN FRANCISCO, Sept. 1. Butter
Extra, 45c.
Eggs Extras, 4714: extra ' firsts, 46c;
extra pullets, 37c; extra pullets firsts, 36c;
undersized pullets, No. 1, 22c; No. 2, 14c.
Cheese Flats, fancy, 22c; Young
America, 22c
TVKW YORK, Sept. 7. Butter, firm.
Creamery higher than extras, 4214 43c;
creamery extras, 411&42c; creamery firsts,
3741c
Egs Irregular, unchanged.
Cbeese Irregular, unchanged.
CHICAGO. Sept. 7. Butter, unsettled;
creamery extras, 3914c; standards, 3614c;
firsts, 32J?3S14c; seconds, 3032c.
Kga Unchanged ; receipts. 13,870 cases.
Poultry, alive higher;, fowls, 152514c;
springs, 25c
Coffee Futures Steadier.
NEW YORK, Sept. 7. The market for
coffee futures showed renewed steadiness
during today's early trading. The opening
was 3 to 7 points higher. This sent De
cember contracts up to 7.65c, or 18 points
net higher, making an advance of approx
imately 92 points from last month's low.
There appeared to be more realizing at
these figures and there were reactions of
several points 'later with the market clos
ing 2 to 13 points net higher. Sales were
estimated at approximately 57,000 baga
September, 7.19c; October, 7.31c; December,
7.54c; January, 7.66c; March, 7.87c; May,
8.03c; July. 8.17c.
Spot coffee was reported in good demand
at 7c for Rio 7s and 10 11140 for
Santos 4a.
Naval Stores. '
SAVANNAH, Ga., Sept. 7. Turpentine
firm, 60 61c; sales, 480 barrels; receipts,
722 barrels; shipments, 38 barrels; stock,
9422 barrels.
Rosin, firm; sales, 826 barrels; receipts,
2426 barrels; shipments, 210 barrels; stock,
76.944 barrels. Quote: B, $3.90; D. $3.80
S95; E, $3.904; F, $4.05; G, $4.10; H.
$4 15; I. $4.154.25; K. $4.30; M. $4.35
1.40; N,- $4.404.50; WG, $5; WW, $5.60.
Wide Fluctuations in Cotton.
NEW ORLEANS. La., Sept. 7. Bulges of
$10 a bale on the opening and slumps of
$10 a bale in the later trading featured
the cotton market today. The rule limit
ing fluctuations in one session to 200 points
was Invoked to check the rise and again
on the close to check the fall. In spite of
the wide price movement of the day the
close was net unchanged, the market clos
ing weak at the lowest of the session, .
Grain at San Francisco.
SAN FRANCISCO, Sept. 7. Grain
Wheat, milling. $22.05: feed, $1.952.05;
barley, feed, $1.17 14 1.25; shipping. $1.2714
1.3714; oats, red feed, $1.401.60; corn.
white Egyptian, $2.2002.30; red- milo,.
$1.02.
Hay Wheat, No. 1. $15018: wheat, $13
15; tame oats, $1215; wild 'oats, $10
12; alfalfa, later cuttings, $12 14;
stock, $810; straw, nominal.
Cotton Market.
NEW ORLEANS, Sept. 7. The most re
markable exhibition of strength in the
history of cotton trading, according to ex
change experts, was given on the New
Orleans Exchange today when all months
In the future markets opened $10 a bale
over yesterday's close.
NEW YORK, Sept. 7. Spot cotton quiet
Middling, 19.75c.
Duiuth Linseed Market.
DTJLUTH, Sept. 7. Linseed on track and
to arrive $2.01.
t -
SELLERS rOKCI TO COVER IS
RISIXG MARKET.
Oils Feature iDealings, but Demand
Is General Liberty and;
Other Bonds Higher.
NEW YORK. Sept T. Trading in the
stock market today was characterized by
another vigorous drive against sborts. who
again covered urgently as the buying
movement attained broader dimensions.
Most of the day's happenings were help
ful to the constructive side, embracing such
xactors -as easier can ana ume jiion j
rates, stronger indications of industrial
revival and a sharp recovery in the lead
ing foreign exchanges.
Oils featured the dealings, hut demand
for steels, equipments, motors and rails
was sufficiently large to strengthen the
impression that various bull pools had
re-enterea tne market
Mexican Petroleum registered & erossH
advance of 614 points to a level nearly
30 points over Its recent minimum price
ana affiliated stocks, such as Pan-Amerl
can. Asphalt common and preferred,
Houston and Royal Dutch gained 1 14 to
three points.
Other strong features comprised Gulf
mates, uruclble and United States steels,
American and Baldwin locomotives. Rail
way Steel Spring, American Car, General
Electric, Chandler, leading sugars and
tobaccos and Junior transportations, espe
cially "Soo" and the western and south
western groups. Sales were 000.000 shares
Call money opened at 514 per cent, but
dropped to five before noon. Time loans
were made at 514. per cent on all indus
trial collateral, a concession of 14 per cent.
me oniy exenanges to manifest neavl
rwss were German and Austrian bills.
jjutcn ana Scandinavian remittances rally
ing briskly.
Old line Investment rails were among
the strongest Issues of the broad and
strong Bond market, convertibles al
making additional gains. Leading Inter
nationals were variably higher and the
liberty group, almost without exception,
showed gains. Sales, par value, $12,300,000.
CLOSING STOCK QUOTATIONS.
Furnished by Overbeck & Cooke com
pany, Portland.)
Sales. High. Low. Bid.
Advance Rum. 2,800' 12 1114 12 14
qo pia ..... ...... ..... .....
Agr Chem ... 100 3414 34 ,
Ajax Rubber.. 400 20 4 20 '
Alaska Gold..
Alaska Juneau
2.500
500
600
114
3814
33 14
114
38
33
6.900 31 80
100
3,400
100
" 700
1,800
' 800
2,400
6,500
"3,600
2,700
6,100
100
9,800
34
20
14
1
38
321
73
100
2.200
7
36
6614
24
63
47'i
106 K
12
12514
7414
7
87
614
S614
66
24
6014
4'
10614
12414
124
72 X
a.
"7
87
400 85 85
25
79
37
ii
"4 14
14
9
36"
ii2
27
27
44
65
"16"
10
'25
38
3414
64
Allied Chem
AUis Chal ...
do pfd
Am Beet Bug. 800
Am Bosch ... 200 33 33
Am Can Co... 1,300 28 2714
do pfd . ,
Am Car & F. 600 127 127
do pfd ..... ...... ..... .....
Am Cot Oil... 400 20 20
do pfd ..... ...... . . .
Am Drug Svn 100
Am Hide & 100
do pia
Am IntI Com
Am Linseed...
do pfd
Am Loco .... 3,400 88 87
ao pxa
Am Saf Razor.
Am Ship & C.
Am Smelter. ..
do pfd
Am Steel Fdy.
Am Sugar ....
do pfd
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 G & W I.. 19.900 27
Bald Loco ... 20,800 81
do pfd
Balto & Ohio. 2,700 88
do pfd 100
Beth Steel B. 8,900 52
Butte C'&'z'. "VoO "4
Butte & Sup.. 200 14
Caddo Oil ... 300 10
Cal Packing.. 100 62
Cal Pet SOO 36
do pfd
Can Pac 3,400 113
Cen Leather.. 500 28
Cerro de P... 600 27
Chand Motor. 1.200 47
Chi & N W... 1.000 651
Chi Gt West
do pfd ..... 200 ' 17
Chill Cop ...P 500 10
.Chino 100
C M St P....t 2,200 20
do pfd 2.500 39
Coco Cola ... 2,500 35
C & O 400 65
Colo F & I
Cclo Southern
Colo G & E... 2,100 57
col orapn ... i,iu s
Con Gas ' 800 81
Con Cigars ... ...... .....
do pfd ........... .....
Contl Can ... 200 41
Contl Candy.. 300
Corn, Prod ... 4,100 72
do pfd 1 t . . . .
Cosden Oil ... 2,300 26
C R I & P.... 7,800 33
do A pfd... .....
do B pfd.... 100
Crucible 11,000 60
do pfd
Cuba Cane ... 1,800 8
do pfd 2,900 20
Cub Am Sug.. 300 14
Del' & Hudson. 400 100
Dome Mines.. 600 17
d & R a
do pfd ..... .....
Endl Johnson. 1,100 61
Erie 1,100 13
do 1st pfd.. 300 19
do 2d pfd... 100
Fam Players.. 4,900 58
Fed M & Sm.
do pfd 100
Fisk Tire 1,000 10
Gaston Wms.. 100
Gen Cigars ... ' 300
Gen Eleo 124
Gen Motors... 6,700 10
do 6s eoo
Gen Asphalt.. 29,900 60 48
Goodrich
Gt Nor Ore
do pfd 3,300 74 72
Greene fan .. 100
Gulf Steel... 2,000
Hask Barker. 500
Houston Oil..
Hup Motor ...
Ill Central ...
Inspiration ..
Interboro ....
do pld
Intr Callahan.
Int Harv ....
do pfd
Int Mer Mar.
do pfd .....
Int Nickel ...
Int Paper .
do pfd .....
Invln Oil ... 4,000
Island Oil ... 500
Jewel Tea . . . 700
K C Southern. 2.200
do ptd . ..f
Kelly-Spgfld .
Kennecott . . .
Kevstone Tire
Lack Steel ... 1.500 40 39
Lee Tire
Lehich Vai .. 200 62 60
Lorillard 148
Lowe Theaters S.OOO 13 12 13
L & N 200 109 109 109
Me Pet 10 500 115-Tj 10914 114S
2,700
100
200
1.000
2,700
600
300
1.000
200
1.200
1.800
3,600
200
5.100
1,100
600
1.500
38
57
51
85'
34
2
8
80
'16
45
13
45
'9"
2
II
26
51
41
19
66
3
87
39 '
14
69
25
32
58
"8"
1
14
100
17
61
13
19
66
9
123
85
66
48
'85
33
2
8
3
78
"io"
44
13
44
"8
2
10
26 1
51
40
19
82
27
80
127
109
19
45
4
10
49
31
17
87
103
4
6
86
67
23
62
88
47
106
126
124
74
97
24
7
37
97
85
80
27
80
95
37
61
61
10
4
14
9
62
36
' 73
113
27
26
46
65
7
16
10
22
23
39
34
64
24
36
66
3
87
29
67
38
72
100
25
33
70
65
68
80
8
20
13
100
16
1$
60
13
1
- 13
67
B
22
10'
57
124
10
63
49
31
28
74
1914
37
56
48
3114
85 '
34
2
8
8
79
100
10
44
13
45
75
9
2
10
25
50
40
19
12
39
25
800
4,200
11,100
1.200
4,200
. 1,800
900
300
900
2.500
600
1,000
300
S.2O0
500
300
- 600
"Voo
1,400
Miami
Mid States Oil 2,200
Midr Steel ... 500
M K & T 200
do prd .....
Mont Ward... 2.000
Mo Pac 2,3(10
do pfd 1,300'
M St P & SSM 2,200
Nat Enamel..
Nat Lead ....
Nev Con 600
New Haven... 1.100
Nor & West.. 200
Nor Pac 11,800
Nov Sco Steel 200
N Y Air Brk
N Y Central.. 900
Okla Prod ret. 200
Ont Silver . .,
Ont & West..
Otis Steel ...
Pac G & E..
Pac Oil
Pan Am Pet. .
do B
Penna ......
Peo Gas ....
Pere Marq ..
Phila Co ...
Pure Oil
Ptarr. ArmW
Pierce Oil . ... 500
Pitts Coal ... 600
Pitts 4WTl 100
ao pia .....
Pr Steel car.
Pullman .....
Ray Con .....
Reading .....
Remington ...
Replo Steel ..
Rep I & S-...
do pfd . ...
Rep Motors, i.
Ryl Dutch Oil
Ry steel spg.
Sears Roebuck 11,800
Shattuck Aria.
Shell T & T
Sinclair ,auu
Stand Oil Cal
Sloss Shef ... .600
So Pac '.. M0
So Ry 18.200
do pfd' 800
St L & S F... 1.000
Strom earn...
Studebaker ...
Swift A Co...
Tenn C C.
Texas Oil . . ..
Texas Pac ...
Tex P C & O,
Tob Prod . .
Tr Contl OH
Union Oil Del
Union Pac ...
United Alloy..
United Drug..
Utd Fd Prod.
United Fruit..
Utd Rds N J.
do Did .....
Utd Rtl Stores
U S Ind Al...
U S Rubber...
do 1st pia..
U S Smelting.
U S steel....
do ora .....
Utah Cop
Va Chem ...
da Did .....
Van Steel ...
Vivandou
Wabash ......
do A pia...
West Pac ....
do pro .....
We&i Union. ..
westn is & ,
West Md ....
White Motors.
Wllys-Ovld ..
do Did
Wilson Pack..
Wis Central...
Woolworth
Worth Pump.-. 400
W & L E. ... 4O0
12
24
' 1
"18"
19
38
71
10
16
95
76
72
1
11
24
1
'ii'hi
18
37
67
10
15
95
73
71
1
100 17 .17
55
36
51
44
8S
66
19
28 '
25
13
7
55
95
12
69
23
24
48
51
82
69
54
35
48
. 43
38
66
19
28
25 -12
54
94
12
68
22
22
47
50
80
66
20 20
36
77
21
48
21
85
77
20
47
23
i,400 75 T3H
1.000
1,500
2,300
8.400
9.400
12.400
0OV
1,400
"i.Voo
1.000
1.100
1,400
1.000
6,700
200
19,100
500
2.900
1,500
700
8,300
1,300
400
100
200
3,900
300
600
1,000
8.
36
24
19
69
9
18
120
"60
17
106
- 54
47
49
85
77
109
48
81
74
31
7
T
"21
45
9
33
6
29
8
36
23
18
67
8 ,
18
119
: 20
11
24
1
1
38
19-
88
70
84
75
10
15
95
76
24
50
71
1
3
17
9
54
36
49
44
38
56
19
28
25
12
7
06
26
74
R4
95
12
68
23
23
47
71
9
61
8:
68
6
86
20
71
35
77
21
47
23
29
74
87
8
86
24
18
68
8
18
120
Gulf Oil 7s. 1933
Great Northern 7s, 193 ......
Greet Northern 7s. 1936 ......
Hershey 7s, 1930
Humble Oil 7s. 1923
Int Rap Td refs. 1966
Int Mar CT 6s, 1941
Int Rap Tr 7s. 1921
Jap ext 4s. 1931 .--S
Jap 1st ext 4s. l-o
Jap 2d 4s ger S. 1925
Kennernrr 7m 19:10 ,.
LIbby McNeil & Llbby 7s. 1931
99
102
, 102
, 69
97
, 53
78
, 92
72
, 8
, 86
92i
Morris &' Co 7s. 1930 99
1.500 30
38
8
n S 2s rer.
it s 2. coun ..100
U S 4s, reg. ..'104
U S cv 4c, cou '104
Pan 3s, reg. .. 75
Pan 3s. coup. "75
Am T&T cv es IP
Atchen gen 4a 78 l-6i
D At K cons 4S
BONDS.
loo IN Y C deb 6s
Nor Pac 4s ..
Nor Pac 3s ..
Pac T&T 5s
4R 48
16 16
106 106
7
17
53 64
4H 46
47 48
84 83
28
75 76
109 109
47 - 47
81 31
73 74
' 30 30
7'. 7
7 -7
0
21 21'
60
82
44 44
9 9
82 S3
6
28 28
34
28 30
108 '
37 38
8 8
. 92
. 77
. 5
Penna con 4-s '88
Sou Pac cv 5s ,
Sou Ry 5s
Union Pac 4s .
U S Steel 5s, . .
92
85
82
94
Liberty Bond Quotation.
Closing
High. Low. Bid
87.64
Liberty 8s
Liberty 1st 4s ....
Liberty 2d 4s
Liberty 1st i'AB ..
Liberty 2d 4 '4 s ..
Liberty 3d 4Us...
Liberty 4th 4 lis ..
Victory 4s .....
Victory 3s
87.36
87.90
87.94
91.98
88.00
99.06
99.06
87.82
87.82
91.90
87.92
98.96
9S.00
87.40
87.74
87.70
87.84
87.86
91.94
87.96
99.04
09.04
Mining Stocks at Boston.
Allouez 17 INorth Butto
Aria. Com 7
Cal. and Ariz. 48
Cal. and Hecla 225
Centennial 8
Cop. R Con, Co. 33
E. Butte C M.. 7
Franklin 1
Isle Roy (cop). 18
Lake Copper .. 2
Mohawk 48
Old Dominion... 22
Osceola. 25
iQuincy 35
Superior 3
Mp BOS Mln 1
shannon ..
Utah Cons.
Winona . .
Wolverine
70
50
11
Swift Co. Stocks.
Closing prices for Swift & Co. stocks at
Chicago were reported by the Overbeck &
Cooke company of Portland as follows:
Swift & Co 97
ibby. McNeil & Llbby RU.
National Leather ................... 7
Swift International . 22
Money, Exchange, Etc.
NEW YORK, Sept. 7. Prime mercantile
paper, 66 per cent
Exchange, strong; sterling demand,
71; cables, 8.72. Francs, demand,
.65; cables, 7.66. Belgian francs, de
mand, 7.53; cables, 7.54. Guilders, de
mand, 31.62; cables, 31.68. Lire, demand.
33; cables, 4.35. Marks, demand,
06; cables, 1.07: Greece, demand. 5.63:
Sweden, demand, 21.45; Norway, demand,
13.05; Argentine, demand, 30.50; Brazilian.
demand, 12.87; Montreal, 10 per cent
discount
Time loans, steady, 60 days, 90 days, six
months, 5 6 per cent.
Call money, firm, high, ruling rate and
offered at 5 per cent; low, last loan and
closing bid, 5 per cent.
Bar silver, domestic 99; foreign 63.
Mexican dollars, 49.
LONDON, Sept 7. Bar silver 38 d per
ounce. Money, 2 per cent. Discount
rates, short bills, 4 per cent; three months
ills, 4 per cent.
New York Bonds.
New York bond Quotations furnishes ov
Herrin & Rhodes. Inc., of Portland:
Am Tel & lei 6s. 1922 sou
Am. Tel & Tel 6s, 1924. .. 08
Am Tob 7s. 1923 101
Anaconda 7s B. 1929 ......... 94
Anaconda 6s A. 1929 89
Armour cv 7s, 1930 -. ... 9S
Armour 4s, may 81
V, 1
Mexican Pete 7s. 1936
N i c call is. l'-ASU ..
Norway Ss, 1940
Northwest Tel 7s, 141
onio C G 7s. 1W25
Pan Ame 7s, 1930
Penn 6s, 19.16
N P G N (Jnt) s, 1936.
N P 6s. 2047
San Paulo Ss, 1936
Snuthwt Tel 7s. 1925
I Swedish govt 6s. 1939
(Standard Oil N. Y 7s. 1931
1 Stand Oil of Cal 7s. 1925
Steel & lube, 1951
Swiss 8s. 1940
Sears Roe 7s, 1922
Sears Roe 7s. 1923
Solvay 8s. 1927
Swift &CO . 7s. 1925
Un Tank 7s, 1930 -
Un! King cv 5s. 1922
Uni King cv 5s. 1929
Uni King 5s. 1937
U S rubber 7s. 1930
Wilson 1st 6s, 1928
West Elec 7s, 1025
Westlnahouse 7s. 1931
Zurich Ss, 1943' i-Vie
Lihertys. 3 i'J5
.2 ,-d. iuj :"::";::M.:i;is7:9o
do 2d 4'.s 8-?
do 3d 414s
do 4th 4a ."S-xV
Victory a904
. 96
102
104
103
944
90
100
...J2
...102
... 97
... 97
...89
...104
...103
.. . 92
. ..107
... 9R
... 97
... 99
... S
...101
9
1
. 90
. 89
. 92
. 92
.100
.101
.11)1
Argentine
5s. 1945
1
Am Ag Chm. 7s. 1941 94
Beth. Steel 7. 1922
Beth Steel 7s. 1923
Beth. Steel Eq. 7. 1935
Belgium Ext 7s, 1945
.Belgium 6s,
100
. 9S
. 93
.102
Belgium 8s. 1940 101
Bergen 8s, City of. 1945 99
Berne 8s, Ctly of 1943 101
Brazil 8s, 1941 99
Canadian 5s. 1926 ................. 94
Canadian 5s, 1931 904
Can Nat Eg 7s, 1935 .; ....103
Chicago N W 7s. 1930 10414
C M & St P gn&rf 4sA, 2014 59
Chile Ss. 1941 98
Christiana 8s. City of. 1945 100
copper mp s, wz . j. ............ 101
copper isxp &s, 1V-J : ,
Copper Exp 8s, 1924
Copper Exp 8s, 1923
Cuban Am Sugar 8s. 1931 ....
Con Gas cv . 7ft. 1925 .......
Dia Match 7s. 1930
Denmark Ss, 1945 .............
Danish Mun 8s. 1945. .........
DuDont 7V- 1931
French ext. Ss. 1945 101
Grand Trunk 7s. 1940 104
GjofvearJMJO
101
101
101
98
101
104
103
102
98
Wlieri 5V2 will be the
rule, these bonds will be yielding
614! 6
General Obligation
6 Park Bonds
Bend, Ore.
Tine 1931, 9500 Den.
Price to Yield 6.25
General Obligation
6 Road Bonds
Wheeler County
Due 1932-51. 91000 Den.
Price to Yield 6.
BUY WITH AN EYE TO THE FUTURE
EXPERIENCED investors are heavy buyers now of
strong1, income tax exempt municipals, because
they know the tide of business is rising again. And
as it rises, the prices of standard. bonds inevitably in
crease. Now is the time to buy.
Tusi(3meat-BANK
Broadway and Oak
' Vnrefirn Bonds.
Foreign bond quotations furnished by the
Overbeck 4 Cooke company of Portland:
Russian &s. 1921 5
Russian 5s, 1926 4
Russian 6s. 1919.....
French 5s, 1931
French 4s, 1917 "
French 5s 1920 00
Italian 5s, 1918......- 82
British Bs, 1922 ........ ....3i 1
British 5s. 1927 .....32
British 6a. 1929 32
British vky. 4s 2x3
British ref. 4s 2t3
Belgium rest 5s 67
Belgium prem. 6s 70
German W. L. 6s ............ 9
Berlin 4s 10
Hamburg 4s 10
Hamburg 4s 11 Ik
Lelpsig 4s 11
Letpsig 6s
Munich 4s
Munich 5s
Frankfort 4s .....
Jap 4s .
Jap 1st 4s
lap 2d 4s
Paris sixes ......
U. K. 6s. 1921 ..
U. K. 6s. 1922
U. K. 5s, 1929 ..
U. K. 6s 1937 .-.
12
11
12
1114
72
86
86
99
99
9S
80
88
6
19
64
72
50
33
882
372
372
2113
272
69
73
9
- 11
11
12
12
13
12
14
13
72
86
86
100
100
98
90
89
NUT IIT- HIEHEST POINT
XEW TOP OX CROP TOUCHED
IS) CHICAGO TKADIXG.
Report of Sales to India by Austra
lia, With Smaller Yield Than Iast
Tear, Starts Prices Cpward.
CHICAGO, Sept 7. Wheat futures ad
vanced to a new high on the present up
turn and a new top on the crop lor May
here today. Trading was active wuu more
outside interest and at the nigh point
prices were up as much as 6 cents over
the early low with heavy buying commis
sion houses and the local element on the
way up with stop orders uncovered. May
led the advance. Final wheat figures
were 2 to 4o higher, while corn ruled
to lc up ana oats & to 1 5c niKucr.
Corn advanced 114 10 ic irom io
early low, but did not maintain au 01
this. An easier tone was shown early, but
the market turned strong later in sym
pathy with wheat Trading was not large.
Oats followed other grains, declining
early only to advance later. The south
was credited with being a good buyer at
times, the advance in cotton being a (actor.
Provisions averaged lower, me icaiuro
being the buying of January ana Marcn
lard by houses witn easiern connecnuua,
presumably hedging against sales of cot
tonseed oil.
Thu Chlcaco era In letter, received yes
terday by the Overbeck & Cooke company
of Portland, follows:
Wheat It waa the most active market
In manv months, starting out rather easy
and ending close to the high point at a
net gain of 4 to 4 cents irom iuo.
niirhfa close. The feature early in the
day was the buying by eastern interests,
which waa thought to be in part repre
sentative of export sales. Shortly before
the close it developed that the export de
mand had fallen liat ana mac me pre
miums had been materially reduced. In
fact one report had It that the continent
resold ten cargoes of wheat. Casn mar
kets were again mixed, Chicago premiums
being further reaucea, wnue in xue nunu-
west the aemana was reponeu guou t
lirm premiums. The most significant
bullish news was In the form of a cable
fram nrnnmhall. saving India was buying
wheat in Australia and estimating the crop
of the latter country at from 96,000,000 to
120,000,000 bushels, against 152,000,000
last year. The actual situation remains
as bullish as ever, but the market has
registered a substantial gain and we would
not be surprised to see a fair setback
based on the Immediate export situation.
Corn advanced with wheat and on buy
ing by shorts early in the day the mar
ket was compelled to digest a sizeable
volume of hedging pressure, but the of
ferings appeared to be well taken. The
cash market was at yesterdays basis.
Country selling appears to be on the de
crease and the position of this market
should gradually strengthen. We suggest
purchases on any decline that may occur
In sympathy with wheat
Oats There was good buying In this
market early tn the day and prices ad
vanced easily with ther grains. Receipts
were estimated at 140 cars and met a
good demand at yesterday's basla
Country offerings to arrive were reported
light We consider oats on an investment
basis. 4
Rye Persistent hedging pressure from
the northwest held rye futures In check,
and the response to the strength in other
directions was small. Leading rye spe
cialists consider this grain relatively too
cheap as -compared with wheat, calling
First the
Bondhouse; Then the Bond
OCCASIONALLY people come
to us with the idea that buy
ing bonds is an intricate-and dif
ficult matter. It isn't not at
all! The purchase of bonds is
one of the safest and most con
venient forms of investment.
It is important, however, that
you invest your money through a
reputable investment house. You
can't. go wrong on. the bond if
your selection of the bond-house
is right
We believe there is more to the
investment business as a busi
ness than merely selling Jbonds.
And as a matter of fact, a sale
marks the beginning, not the end
of our service.
If you have $500 or more for
investment it will pay you to get
in touch with us. And if you
have always considered bond
buying a difficult matter, let us
show you how easy, how safe,
how convenient it is not only in
purchase, but in the attention it
requires thereafter.
Right now there are excep
tionally attractive opportunities
available for your funds in de
nominations of $500 and $1000.
If you have such a sum, call,
write or phone and let us tell you
about high-grade bonds paying
from 7 to 8 per cent backed by
excellent security and estab
lished earning power.
Other Offices
SEATTLE
SAJf FRANCISCO
LOS ANGELES
OAKLAND
SAN DIEGO
PASADENA
KEW YORK
Blyth. Witter. & Co.
. 402 YEON BLDG -PORTLAND
Fifth and Alder Street
rhone Main 8183.
attention to the fact that a good export
demand may be expected.
Leading futures ranged as follows:
WHEAT.
Open. High. Low. Close.
Sept... $ 1.26 1.81 i 125 t 1.2
Dec... 1.30 1.34 1.28 1.32
CORN.
.83 .65 .83 .84
.54 .55 .53 .54
OATS.
.85 .36 .85 .86
.Ss .30 .38 .39
Sept..,:
Deo...
Sept..
Dec..,
ME 33 PORK.
Sept am
.. , 17.50
11.60
11.65
8.75
8.87
LARD.
Sept... 11.82 11.82 11.60
Oct... 11.00 11.00 11.65
SHORT RIBS.
Sept... 8.75 8.75 8.67
Oct 8 97 8.97 - 8.80
Cash prices were:
Wheat No. 3 red. fl.28; No. 2 mixed,
.1.28 V, 6 1.31.
Corn No. 2 mixed, 55655c; Ne. 2 yel
low, 5555c.
Oats No. 2 white. 380400; No. S white,
3537c
Rye No. 2. tl 06.
Barley 60 04c.
Pork Nominal.
Lard 1.11.50. -
Ribs S.7o10.
Timothy seed J4r4.75.
Clover aeed 412 18.
SrinneapoUs Grain Market.
MINNEAPOLIS. Sept. 7. Wheat,
tember. 11.40: December, tl.39;
$1.42. Barley. 43 & 60c Flax, No.
Sl.&41.96.
Sep-
May.
1,
Winnipeg Grain Market.
WINNIPEG, Sept. 7. Cash wheat No. 1
northern. 11.56; No. 2, 1.47; No. 3,
$1.43; No. 4, J1.32; No. 5, 1.20; track,
Jl.47: oats. No. 2 wnite, 4i-),c; r.a. a.
44c; barley, 72e; No. 3. CW, 72c: No.
4, 6c; rye. No. 2. $114: No. 2. track.
J1.14: flax, NO. 1, nw, ro. -.
Jl.94; track, 1.97. 'uturea, wneal.
October, $1.44; November, (1.44; Decem
ber, 1L40.
Seattle Grain Market.
SEATTLE, Sept. 7. Wheat, hard white.
soft white, white club, 1.12: hara rea
winter, soft red winter, 81.11; northern
spring, 1.13: eastern red Walla, L10; big
bend bluestem, 1.20.
City delivery: "eea corn, wnoie
$37; cracked corn, $39; corn ieea meai.
$39. Barley, wnoie ieea. ioo, ruum
ley, $33; ground barley, $36; clippea oariey.
$40. Oats, wnoie ieea, u; roiwu
lng oats, $43. Wheat, recleaned ieea. .
Ail grain cnoppea,. v.m'..
Chick mash. $53. Growing mash, $51.
tn. m..h No. B. M.. $6. Scratch feed.
146 Wheat mixed feed. $24. Cocoanut
meal. $27. Cottonseed meal. $41. Linseed
ell meai, $48. Soya bean meal, $56.
. Hay Alfalfa No. 1, $19; mixed hay No.
1 $21: tlmolhy No. 1. $26: straw. $17.
Do you want to loan $10,
$100, $500 or mora to the beat-known corporation io the TJ. S. of
Its character, to return you the game lntereet received by
lar&e investors, banks. Insurance companies and fraternal
orders 8 semi-annual interet?
Tou can do so by opening- an Investment account.
"Who buys bonds in this way?"
R Rich and poor Insurance companlea and laborers.
$3,000,000
PROVINCE OF
SASKATCHEWAN
6 Bonds
Dnted Ansjnat 1, 1021
' Due AnKiiat 1, 1027
These bonds are greneral
obligations of the Province
of Saskatchewan. Principal
and semi-annual Interest
payable in New York in
United! States gold col
Price 92 to
Yield 7.50
Canadian
Provincial Bonds
British Columbia 6
DUE July 15, 1926
To Yield 7.50
British Columbia 67o
DUE April 25, 1S
To Yield 7.50
Saskatchewan 4
DIE July 1. 1923
To Yield 8.00
For Immediate Delivery
Ralph Schneeloch Co
"Why?,
I The large Investor Insures his Income by providing ahead as
opportunity offers the best return consistent with safety.
"What if you need your money before you
complete payment?"
The bonds are simply sold for your account and you are given
full credit for the net proceeds with accrued interest.
Come In and discuss this plan. Learn how the state protect
your Investment and what you can do to make your dollars
safe and at the same time be most helpful to you. Interest at
the full Investment rate begins working for you on the day
you make your first payment. Every dollar paid Is specifically
secured for you under the new state law provided for your
protection.
Ask us about starting an Investment Account to purchase high,
grade bonds. We will mall you full detail upon request.
MA IX THIS COUPOJT FOR FULL ITORM4.TIO. "
Freeman. Smith & Camp Co..
Lumbermens Bldg.. Portland. Or.
Please send particulars of your investment Account plan.
Name
Address
I
H poanuHD
H ' SAN FBANCISCO
Freeman, Smith & Camp Co
bound noon
Lumbermen Buildinq
riFTM AND STARK
WAT B740
1 E.H.ROLLINS &SOSS
Investment Donor
BOSTON NEW YORK" CHICACO
SAM FRANCISCO LOS ANCELES
1 QsYortlwestTtepresetUatlve
I 404 COUCH BUILDING
CplephonecMimhaUtgS .
PORTLAND
THE ONLY WAV TO
TRADE SAFELY
IN THE STOCK MARKET
10 SHARES
7-DAY OP
TION FOB
Profits
Any Stock Exchange Issue
$10
PUTS & $
CALLS v
Write for booklet 54 Free
C. Goldhurst & Company
Service Reliability
M Broad Street, Kew lurk.
MM I
II KUTOCIPJA-Aro CORPORATION TOaANCB,
Portxjwd.Orzoon 1
1 1 vg j
$r Unlimited
MORE THAN ORDINARY
SECURITY
A decline in commodity prices increases the purchasing power
of each dollar derived from income. Further declines in
commodity prices will no doubt be accompanied by declining
interest rates and higher prices for sound bonds.
We oTvn and offer:
Sanders County, Montana,
General Obligation Highway Bonds
Due 1931 to 1940
Price to Yield 6
O 70
Philippine Government
52 Public Improvement Bonds
Due 1941 Non-Callabl
To Yield 558
City and County of San Francisco
4i2 Hetch Hetchy Water Bonds
Due 1945-1964
To Yield 5.40
Bond & Goodwin Tucker
UNITED STATES NATIONAL BANK BimDlNC
. PORTLAND -
toji.Awr.ri.t
IHTtll
Money to Loan
on
Business and Residence Property.
Mortgage Bond Company
Main 2S.11.
Wilcox Bide
HERRIN & RHODES, Inc.
Xatabllabed ISSC
BROKERS
Ksw York rUnrlta. Hindu. Oniln. Cot to
Private W lrr. Mrmhri Chlre
Hoard of Trad.
S01-S Rallwtr Kichunm Hif.
Xtlssnoo Una ttU-itgi, ,