Morning Oregonian. (Portland, Or.) 1861-1937, September 13, 1921, Image 21

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Morning Oregonian., September 13, 1921, Page 21, Image 21

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Newspaper Page Text21 THE HORNING OREGOXIAN, TUESDAY, SEPTEMBER 13, 1921 El E WHEAT CHECKS I ' Fall in Prices Held to . Only Temporary. Be BIDS DOWN 3 TO 4 CENTS ctae put several days at prices ranging f from SI. 85 to 11.75. A few Iota of fancy fruit have brought still higher prices. Peaches, which dropped as low as 55 to 60c, are now being sold at around 80 to 85c and some shippers predict they will crowd a dollas before the close of the sea son. Shipments from the valley are now about 73 per cent peaches, tne balance pears, vegetables and a few apples. Total ship menu from the Yakima valley during the wek ended September 9 were 742 car loads, ' of which mora than ball were peaches. Visible Wheat Supply Increases. The American visible wheat supply com pares as follows: Bushels. Increase. Sept 12, 1021 42.100.000 Sept. 13, 19J0 22,818,000 sept. iyi. Sept. 18. 1918. Sept. IT, 1817.. STOCK LIST 'HUM SPECI ALTIES ARE A GATS' TJX . DEB PRESSURE. Reaction Governed by Technical and Sentimental Considerations; Bond Trading Is .Lighter. NEW YORK, Sept 12. The reaction ary course of today's stock market seemed to be governed to an unwonted degree by sentimental and technical considera- 8.359.000 ! tlons. Irregular reversals accompanied 1.860,000 tne lorenoons trading, but leaders made 0,243.000 8.818,000 up much, of their loss later, only to tall i,-H,uw i1e.io,ww oacK in tne final hour. 5,520,000 0,000 Shorts evidently were disposed to re- The corn visible Is 11,249,000 bushels, a I surae their recent operations on the heavy Farmers Withdraw From Market When Dollar Offers Are Xo Longer Available. The wheat market had another setback yesterday and, following the decline of Saturday, buyers were more tan ever dis posed to go slow. Consequently the vol ume of trading in the'local market was re duced to small proportions. In the ooontry, sellers were disappointed ver the course of prices and for the most part withdrew from the market. Farmers who had been waiting for 1 to be reached sold freely when that price was bid at in terior points in the last halt of the week and then, when the price dropped, their ailing ceased. The opinion is genera among wheat growers that the market will Co higher as the season advances and that opinion is shared by many of the dealers. At the Merchants' Exchange wheat bids were reduced 3 to 4 cents on ail grades said all deliveries. The tone of the coarse grain market was also weak. September corn was down 50 cents and brewing- and feed barley and gray oats 25 cents, but offers for October) white oats were raised SO cents. decrease of 261,000 bushels; oats, 82,402,- 000 bushels, an Increase of 1,947,000 bush els; rye, 4,205,000 bushels, a decrease of 195,000 bushels; barley, 3,441,000 bushels, an Increase of 509,000 bushels. Peach Receipts Decreasing. Peach receipts were lighter yesterday and so was the demand. The market was firm, however, and Elbertas sold at $1.15 to 11.25. Grapes, cantaloupes and other frulta were steady and moderately active. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland J8.005.982 1 847.187 Seattle 5,543,981 1,294,350 Tacoma 602,200 146.650 Spokane 2,419,00 1.097.940 FOKTLAD MARKET QUOTATIONS 2 6 IS 6 3 1 8 19 79 4S1 810 278 27 135 118 235 18 13 1 3 3 57 243 38 204 20 189 28 187 8 io a i 4 1 1 15 44 423 .82 813 70 74 21 422 The wheat movement in Montana will be delayed for about a week, according to a report from Great Falls, as It has been snowing and raining there for the last three days. The weather over western Canada Is also bad. The Missouri state crop report says wheat seeding will be only 91 per cent of last year's, according to present indica tions. A Buenos Ayres cable said the weather in Argentina continues dry, but rains are predicted. Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Wht. Barley. Fl.Oats.Hay. Fortland Monday 140 Tear ago ...... 125 8eason to date ...7881 Year ao 3225 Tacoma Saturday 68 Year ago ...... 30 Season to date ...2688 Year ago 668 Seattle Sat. .... 53 Year ago-. ..... 90 Season to date ...1258 Year ago 740 BUTTER PRODUCTION BLOWING DOWN Pacific Coast and Eastern Markets Gain In Strength. The San Francisco market during the past week was steady to firm at practically unchanged prices up until Thursday. The underlying conditions of the market have not materially changed In the past month; however, fluctuations in prices have taken place which appear unwarranted. Thurs day the strong demand for the holiday needs caused buyers to bid up prices 2H& There were very few dealers that had a surplus, as the demand from . Los Angeles bad about cleaned up the street. The ma jority of dealers think that the closing price of 92 score at 44c is in line with production and- genera trade conditions. Reports from creameries indicate that pro duction is gradually getting lighter. Re ceipts of butter at San Francisco from out Bide the state have been heavier this year than last, while storage holdings are ap proximately the same. Eastern butter markets opened firm last week under Influence of short supplies and good buying support. Dealers were out of butter and had to restock. Prices made a good advance up to Thursday, when re ceipts became heavier at New Tork and the tone easier, but no markets lost gains and the close was steady. Fine butter is particularly scarce, due to the recent hot weather and resulting poor quality of re ceipts. Production lost T to 8 per cent last week and looks lower this week in many sections.. Eastern dealers are commenting en San Francisco prices and, conditions as being a bullish factor. JONATHAN APPLE PICKING STARTS First Carload Win Be Shipped From Ken newlck Today. First shipments of Jonathans have been snade from the lower districts in the Ya kima valley during the past week and the Kennewlck districts began picking Jona thans yesterday. The early cars were sent ut for Alaska trade to catch the last boat The Big T warehouse at Kennewlck will begin picking apples today and ship the first carload of Jonathans tomorrow. The Yakima Valley Traffic & Credit as sociation. Including shippers of about 80 per cen 7 of the valley fruit crop, has passed a strong resolution protesting against the action of the railroads in making the de crease in freight rates on perishables ef fective only to December 31. The car riers, it is pointed out. gave relief only after a number of hearings had been held and the Interstate commerce commission appealed to give relief late, and when it was given scheduled It to end at a time when only about half the valley's apple crop will have been shipped. W. B. Armstrong, president of the Wash ington State Farm bureau, la taking an active part In the effort to raise a fund for advertising northwest boxed apples in the eastern markets by urging co-operative organizations of growers to contribute to the fund. The short crop of barreled ap ples presents an unusual opportunity for boxed - apples growers to enter markets they have been unable to sell to be fore, he says, and they should take advan tage of the opportunity. Grain, Flour, Feed, Etc Merchants' Exchange, noon session: Bid Wheat Sept. Oct. Hard white 1.12 t 1.12 Soft white l.il i.u White club Hard Winter Northern spring .. Red Walla Oats No. 2 white feed.. No. 2 gray Barley- Brewing ..... Standard feed . . Corn INo. 2 E. T. shipment 28.00 1.11 1.11 1.11 1.07 24.00 23.50 25.50 23. 00 1.11 1.11 1.11 1.07 24.S0 23.50 25.30 23.00 28.00 FLOUR Family patents, $7.80 per bar rel, whole wheat, XU.20: graham, X6.00 bakers' hard wheat, $7.25; bakers' blue stem patents, $8.75; valley bakers, $6.00; umothy. loiH.ao. M1LLFEED Price tab. mill: Mill run. $21 per ton; rolled barley. $34tV36; rolled oats. $34; scratch feed, $47 per ton. CORN Wools, $36; cracked, $39 pel ton. HAT Buying price tab. Portland: Alfalfa, $15 per ton; cheat. $1212.50 oat eiid vetch. tl313.SO: clover, $10, valley timothy, $16 G 15.50; eastern Oregon timotny, $ is v is. &o. Dairy and Country Produce. BUTTER Cubes, extra, 43c per pound; prints, parclnient wrapped, box lots, 46c; cartons, 47c. Butterfat, buying prices: No. 1 grade. 47c; delivered Portland. EGGS Case count, SI'S' 33c; candled rancn, 33Q3ttc; selects, swc CHEESE Tillamook triplets, price to lobbers, f. o. b. Tillamook, 24c; Young America. 25c pound. POULTRY Hens, 13 23a lb.; springs, 25 26c; ducks. 25 28c; geese, nominal; turkeys, nominal. PORK Fancy. 1315e pound. VEAL Fancy, 1614o per pound. Fruits and Vegetables. FRUITS Valencia oranges, $497 per box; lemons, $6.00(97.50; grapefruit, $66.50 per box; bananas, 88tto pound; apples, $1.25p3 box; cantaloupes, $1.50 2.50 crate; peaches, $1.151.50 box; water melons, lhiolc pound; plums, eeioc per pound; pears, $2:2.50 box; huckleber ries, lOQuoc per pound; grapes, fl.eoop 2.75 per crate; casabas. 22ftc per pound; cranberries, $6 jer box. POTATOES Oregon, 120 per pound: Yakima, 2jj2Kc pound; sweet potatoes, tt 5c per pound. ONIONS Yellow, $3103.50 per sack. VEGETABLES Cabbage. Vt5c lb.: lettuce. $2.5093 crate: carrots. $1.50 per sack; garlic 13i320o per poend; beets. $2 Q 2.50 per box; cucumbers, 75c per box; Deans, tqiioc per pound; green corn, $2 2.35 per sack; celery. 70cS 11.25 dozen: eggplant, 710c pound: tomatoes, 73c 6 $1 dox; green peppers, B7c pound. Cauli flower, $2 per crate; pumpkins, 3c per lb. decrease of August tonnage reported by United States steel after the close of Saturday's session and the further demor alization evidenced by German and other European exchanges. Another turbulent session in the cotton market and some reduction of available call and time funds also figured In the unstable but fairly extensive dealings. Sales, approximately 500,000 shares.. Last week's favorites of the oil, steel, equipment and motor groups, notably Mexican Petroleum. Baldwin and Ameri can Locomotive, , Bethlehem, Crucible and United States Steels and Studebaker sua talned net losses of 1 to Shi points. Sugars, tobaccos, chemicals and shippings also registered declines of 1 to 4 points. Metals and leathers displayed firmness. the latter being helped by declaration of regular dividends on Endlcott-Johnson. Rails, especially coalers, hardened, but eased at the end, when transcontinentals gave way. Dealers in exchange were prepared for tne additional slump in German exchange, London quoting a new low record before the opening of this market French. Bel gian, Italian and Spanish bills also were down, but Swiss and Scandinavian rates moved against this center and Argentine remittances improved on prospects of a loan by our bankers. Trading in bonds diminished from last week's activity and price changes were mostly toward lower levels. This applied to liberty Issues and most foreign war flotations, but a few convertible rails made slight gains. Total sales, pax value, tlu.77D.UU0. , CLOSING STOCK QUOTATIONS, (Furnished by Overbeck Cooke com pany, Portland.) 200 M K T. Mont Power... Mont Ward .. 1,700 Mo Pac 1,700 do pfd ..... 500 Nat Enamel.. SOO Nat Lead .... 800 Nev Con 700 New Haven 200 Nor West... 800 Nor Pac 8,800 Nov Sco Steel. 100 N Y Air Brk.. 2cK N Y Central.. 2,500 Okla Prod ret. 1,000 Ont Silver Ont 4 West... 600 Otis Steel 400 Pac Dev Pac G A E Pac Oil 6,800 Pan Am Pet.. 50,000 do B 12.000 Penna 4,600 Peo Gas 9,600 Pere Alarq ... 1.000 Phila Co 200 Pure Oil .... 1,200 Pierce Arrow.. 8300 Pierce Oil ... Pitts Coal ... Pr Steel Car. Pullman .... Ray Con 20 20 39 4 35 7614 1114 15 77V4 25 65 72. 2 18 19 88 $5 74 11 14 25 5514 71 1 19 ..... 1914 1,300 " 400 4.500 400 Sales. 500 High. 14 400 2014 20H 1,600 700 39 8314- 29 33 2814 200 400 1,800 loo 200 131 200 "io 14 Staple Groceries. Local lobbing quotations: SUGAR (sack basis) Cans, granulated. Chill Cop . 0.75 pound; beet, &.ouc pouna. 'unino NUTS Walnuts, .Alancnurian, 2022o pound: Brazil nuts, iswzuc; xuoerts. 15u 18c; almonds, 24 27 14c; peanuts, SQllHe pcund. RICE Bine Rose, oc per pound; Japan style, 5 7c per pound. BEANS small white, .90c; pink, o; lima, c; rea, vc per pouna. COFFEE Roasted, bulk, in drama. 14 a S6I40 per pouna. 8ALT Granulated, barrel. $3.2004.05 half ground, ton 50a, $17.25; 100s, $16.25; lump rock, tzxt.ov. HONE X comb, new crop, $7.30 per ease. DRIED FRUITS Dates. $4.25 per box: figs, x-i.40ff j.ia per dox. Advance Rum Agr Chem . ... do pfd AJax Rubber. Alaska Gold.. Alaska Juneau Allied Chem.. Allis-Chal .... do pfd ..... Am Beet Sug.. Am Bosch ... Am Can Co. . do pfd Am Car A Fdy do pfd ..... Am Cot Oil... do pfd Am Drug Syn. Am Hide & L. do pfd Am Ice Am IntI Corn. Am Linseed... do Did Am Loco ..... do pfd Am Saf Rax.. Am Shin & C. Am Smelter.. do pfd Am Steel Fdy. A.m - bug . . . . ao pid .... Am Sumatra Am T & T.... 3.400 10714 Am Tob ...... 1,300 126 do B 100 Am Wool .... 16,400 78 do pfd Am W P pfd.. 600 Am zinc ..... ..... Anaconda .... 1,700 38 Assd Oil Atchison 900 86 do Dfd 400 80 Atl G & W I.. 6,800 27 "4 Bald Loco . . . 50,900 87 do Dfd Balto & Ohio. 7,000 40 do pfd Beth Steel B. 2,000 55 B R T 200 10 Butte C Z.. 200 4 Butte & Sud.. 400 1314 aaao uu .... Cal Pack '. ... Cal Pet do Did ...... Can Pac . . . . Cen Leather. Cerro de P... Chand Motor.. Chi & N W... Chi Gt West.. do pfd Low. 13 38 32 "2914 33 27 io6 '20' 200 4,900 400 100 4.700 3800 600 3,100 400 1.300 " 4,000 100 S.8O0 11 62 55 81 20 "8S" "4 6 38 25" 62 89 44 Bid. 13 . 85 05 20 89 73 29 32 27 80 I3U 109 19 43 4 11 61 63 89 41 91 103 4 6 75 37 '85 80 26 85 38 39 400 600 800 1,400 114 8,800 30 UNDERGRADE BUTTER 18 SLOW SALE Proportion of Extras in Arrivals Is Small. Egg Receipts Light. The butter market was firm at Satur day's prices. There was a fairly liberal supply of cubes on the street, but the proportion of top grades was very smalL The best cubes were held at 42 and 43 cents. Not many ranch eggs are coming on the - market and with a good demand prices were firm, candled stock easily selling al SS cents. Poultry continued weak with liberal re ceipts of both light and heavy hena The demand was backward, but no further change was made in prices. Country dressed meats were in small aupply as usual on Monday. Prices were steady except on the large sizes of veal, which were hard to dispose of. Yakima Peara Holding Up. After a slump the Yakima peach and pear markets both revived during the past week. An average of 30 cars of pears per day have gone out of Yakima cold storage ARE YOU LOOKING FOR A DE pESDAxtLB PRODUCE DEALER? Veal Butter , Pork ' Cheese Poultry . Eggs Honey Any Prod net Get our prices. RUBY ft CO., 169 Front St. Portland, Or. Cixteen Years' Reliability. . Bides, Hops, Etc. TALLOW No. 1, 3 4c; No. SL, !2o per pound. CASCARA BARK Five cents a pound, delivered Portland. HOPS 1921 contracts, Soo per pound: tussles. oowonuj ivv crop, zuc HIDES Fresh cured, 44o Der pound: call, 110 per pouna; Kip, 00 per pound. wuoii-ew cap. 8W20c per pound. MOHAIR New clip. 16c per pound, de. Uvered Portland. , Provisions. HAMS All sizes, 35 37c: skinned, 87 O sue; picnic, 20c; cottage roll, 22c. BACON Fancy, 43 50c; choice, 80c standard. 25 29c LARD Pure, tierces, 2327o pound compressed, tierces, 12o. DRY SALT Backs, 19 23c; plates. ISo. Oils. LINSEED OIL Raw, in barrels, 97c; 5-gallon cans, $1.12. Boiled, in barrels. pac; o-gauon cans, 11.14. TURPENTINE In drums, 92c: S-gallon cans, 1107. WHITE LEAD 100-pound kega, 12 a. per pound. COAL OIL Tank wagons and iron barrels, 17c; cases, 8037o. GASOLINE Tank wagons and iron barrels, 28c; cases, 38c SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruits, Etc, at Bay City. SAN FRANCISCO, Sept. 12. Vegetables Squash, per 40-pound lug, 40060c; po tatoes, $23; onions, new yellow, I2.S0Q 3; brown. $393.25; tomatoes, $11.50; bell peppers, 864c; beans, 46c; lima, 67c; Italian, 56c; carrots, a sack, $1; egg plant, per pound, 8 4? 5c; corn, $2.50 3 a sack; lettuce, $1.25 a crate; celery. $3.50Q6 a crate; peas, ifeuc a pound. Poultry Hens, 253ic; young roosters, 2oqj-ac; 01a roosters. iagmc; young chickens, 8238c: ducks, 2023c; dressed turkeys, 45c; live turkeys. 35 50c. Fruit Oranges, $45.50; lemons, $4 6: lemonettes, S23.50; grapefruit. $4 5.50; apples, J 1.75 2.50; strawberries. $1.20 31.50 per crate; huckleberries, 3040c drawer; huckleberries, 12 raise per lb.: raspberries, 6075o drawer; peaches, $1.75 &3.25 per lug; cantaloupes, standards, 85c 61.25; ponies, 6075c: flats. 40 75c; figs. double layer, $1.001.85; plums. $22.50 crate; watermelons, rlc pound; grapes, seedless, $1.251.50; other varieties, $1.25 pears, l.oo3.vc. Dried Fruit at New York. NEW YORK, Sept. 12. Evaporated ap ples, nominal. Prunes firm; Caiifornias, 616c; Oregons. 8 to 18c. Peaches, standard, llo; choice, 1212c; fancy 1415c London Wool Market Strong. LONDON, Sept. 12. The wool auction sales were continued today with offerings amounting to 8723 bales. All grades were strong at unchanged prices. New York 8 11 gar Market. NEW YORK. Sept. 12. Centrifugal sug ar. 4.88c; refined, granulated, fine, 5.600 5.65c. Dnluth Linseed Market. DULUTH, Sept. 12 Unseed on track and arrive. $2.10. Orpheum matinee today, 15c 25c, 60c Adv. Orpheum matinee today, 15c, 25c, 50c. Adv. 8.300 1,400 200 400 2,000 700 7,400 1.200 200 100 200 65 49 67 7 17 11 23 27 41 10,100 100 200 , " 600 7,500 "i.TOO 2,500 600 67 24 6 88 29 42 7" 27' 84 76 1,300 200 2,600 1,400 - 10O 64 84 8 20 1314 200 101 . 600 17 66 13 19 700 10 2.300 12714 8,000 10 C M St P do pfd ..... Coco Cola C A O Colo FA I... Colo Southern. Colo G & E... Col Graph ... Con Gas ..... Con Cigars . .. do pi'd ..... Contl Can .... Contl Candy. Corn Prod ... do pfd Cosden Oil ... C R I A P do A pfd... do B pfd... Crucible ..... do pfd Cuba Cane ... do pfd Cub Am Sug.. Dei & Hudson. Dome Mines.. D & R G do pfd Endi Johnson. 21,000 El-ie 2,000 do 1st pfd... 1,300 do 2d pfd... 100 Fam Players.. 6,900 Fed M ft Sm do pfd Fisk Tire .... Gaston Wms. . Gen Cigars . . Gen Elec .... Gen Motors . do 6s Gen Asphalt.. Goodrich ..... Granby Gt Nor Or.... do pfd . ... . Greene Can . Gulf 8 Steel... Hask Barker.. Houston Oil... 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 Invin Oil Island Oil ... Jewel Tea . . . K C Southern. do pfd ..... Kelly-Spgfld . Kennecott . .J. Keystone Tire. Lack Steel . ... Lee Tire Lehigh Val .. Lorlllard Lowe Theater 4.S00 L & N 400 110 Mex Pet 65,200 116 Miami 1,000 Mid States Oil 6,200 Mldv Steel 1,400 11 60 55 89 20 "' "4' 614 36 , 36 70 24 . 24 OU14 61 89 . 88 41 42 107 107 124 12D 123 76 97 24 8 87 97 80 80 28 85 88 61 63 lu 13 10 62 35 74 112 30 67 47 65 7 17 10 23 26 39 84 65 24 85 68 J 88 28 68 40 73 101 63 10 4 13 38 il2 28 64 47 66 7. 17 11 23 , 26 39 55 24 5 88 29 73 '26'" 83 76 61 82 7 19 12 100 17 63 13 19 59 57 200 43,100 400 400 3,900 100 900 "i.'o'oo 800 700 1.300 300 700 ""600 700 700 600 7.200 "i.Voo 1,400 200 4,000 300 7,400 ' 1.000 3.400 1,100 500 1,200 64 63 32 28 76 22 39 52 11 95 84 2 'i 79 48 14 60 .'. 2 27 61 43 20 13 41 26 53 14 21 125 10 63 60 32 28" 75 22 88 'si' 11 95 83 2 4 78 45 14 47 " 2 'hi". 61 42 20 . 12 , 40 25 62 '13 110 113 21 11 21 33 76 65 61 82 7 19 12 100 16 1 65 13 19 13 57 5 22 9 10 63 60 32 18 27 75 22 38 58 50 11 95 83 7 88 2 8 4 78 100 10 45 14 49 80 8 2 9 ' 26 61 40 20 12 40 25 52 148 13 110 114 21 11 24 Reading 22,000 Remington ... 500 Rep I ft S.... 7,100 do pfd ..... 100 Rep Motors... Ryl Dutch Oil 4,300 Ry Steel Spg.. 600 Saxon Motors. 700 Sears Roebuck 3,800 Shattuck Ariz Shell T ft T... 200 Sinclair 6,100 Stand Oil Cal. 200 ' Sloss Shef ... 200 So Pac 10,100 So Ry 4,000 do. pfd 1,000 St L ft S F... 1,800 Strom Carb... 600 Studebaker ... 89,700 Swift & Co Tenn C AC... 700 Texas Oil .... 10,800 Tex Pac 1,500 Tex P C ft O.. 6,200 Tob Prod .... 4,700 Tr Contl Oil.. 8.800 Union Oil DeL 400 Union Pac . ... United Alloy- United Drug.. 1,800 utd rd rroa. i,suv United Fruit.. Utd Rtl Stores U S Ind Al... 4,200 U S Rubber... 6,700 do 1st pfd U S Smelting U S Steel ... 36 53 50 38 66 20 28 25 13 7 60" 97 13 71 27 61 85 85 50 46 38 55 19 28 24 12 1 '69" 91 12 69 25 49 80 51 85 8 69 20 71 87 78 21 48 24 83 78 50 84 3 67 19 71 86 77 20 47 24 31 76 . . 8 87 25 20 69 8 18 2,400 121 100 48 17 700 109 6,900 66 8 86 24 19 67 7 17V 120 120 24 2 48 18 19 38 35 '75 ' 11 15 . 96 76 25 55 71 1 t 19 10 10 55 85 61 47 88 64 19 28 24 12 7 57 58 92 12 70 25 49 85 9 49 84 S 68 7 87 19 71 30 77 20 47 24 Hi 76 97 8 36 24 19 69 8 17 48 60 do pfd ..... Utah Cop .... Va Chem .... do pfd ..... Van Steel .... Vivandou .... Wabash ...... do A pfd... do B pfd... West Pac .... do pfd West Union... West E ft M.. West Md .... White Motors. Willys-Ovid .. do pfd Wilson Pack.. .Worth Pump. W & L E 23,700 78 2O0 109 1,100 900 2,500 3,400 200 1,000 51 29 74 35 9 7 21 47 17 107 65 46 48 77 100 49 28 73 83 8 7 21 1,200 23 22 47 17 107 65 46 48 88 80 77 109. 60 29 73 83 ' 8 7 2.1 14 22 60 82 44 9 83 6 28 40 8 BONDS. TJ S 2s reg....100IN Y C deb a.. 93 tin coUDon .."1UU N f 4S H U S 4s reg....104lN P 8s 56 do coupon ..104;Pac TAT 5s. .'87 Pan 3s reg 75 Pa Con 4s... 86 do coupon a r cv ds A T cv 6s..l00:So Ry 5s 86 itrh een 4s... 78U P 4s .... 83 D ft R G con 4s 67 U S Steel 6s. .. 94 100 1,100 200 100 1,700 2,600 300 700 45 '33 6 28 87 40 43 's'3 6 28 86 39 Bid. Mining Stocks at Boston. BOSTON, Sept. 12. Closing quotations: Alloucz 18 Ariz Com 8 Calu ft Ariz... 48 Calu ft Hecla..235 Centennial .... 8 Cop Range ... 84 East Butte ... u Franklin 1 Isle Royalle ... 18 Lake Copper... 2 Mohawk 47 North Butte ... 9 Old Dora 22 Osceola 25 Ouincv ........ 37 Superior 3 Sup ft Boston. 1 Shannon 83 Utah Con 3 Winona 4o Wolverine 11 Liberty Bond Quotations. Llbertv bond Quotations, furnished by Overbeds ds i;ooae company 01 raru&nQ, iien. low. close. Liberty. 3s 87.4 4 87.38 87.30 Llhorfv. first 4s ' ... 87.84 Liberty, second 4s '. 87.84 Liberty, first 4s 88.00 87.9 0 87.94 T.(hrt .fmnH 4V 88.00 87.94 87 Liberty, third 4s 92.10 92.02 92.04 Liberty, fourth 4 88.14 88.08 88.10 victory 4i 99.08 99.02 99.04 Victory 8s 99.00 99.06 99.04 Honey, Silver, Etc. NEW YORK. Sept. 12. Prime mercan tile paper, 66c Time loans stead v. oo aays, owno per cent; 90 days and six months, 56 pel cent. Call money lirm; nign, low, ruling rate. last loan and offered at 6 per cent; closing bid, 5 peV cent. Forgein bar sliver, t4c; Mexican aoi- lars, 4flc, . LONDON, Sept 12. Bar silver, 39d per ounce: money. 214. per - cent; aiscouni rates, short bills, 4 per cent; three months' bills, 4 per cent. Swift A- Co. Stocks. Clnalnr nrlces for Swift ft Co. stocks at Chicago were reported by the Overbeck ft Cooke company of Portland a follows: Swift ft Co 96 Ltbby, McNeil 4 Llbby 8 National Leather ..7V, Swift International 23 New York Bonds. New York bond Quotations furnished by TTorrin ft Rhodes. Inc.. ot Portland: .Maturity, i-rice. Am Tel ft Tel 6s 1922 99 do 6s Am Tnh 7a 1922 101 do 7s ....JU3 lUltt Annnnnda 7s B 1929 94 Anaconda 6s A 1929 87 Armour cv 7s 1930 98 do 4S 1U3U 82 Argentine GI 5s ..1945 71 Am Ag Chm 7s 1941 96 Ttnth Steel 7s 1922 10O do 7s I'1- "31a do en 7s 1933 5 Belgium ext. 7a do 6s do 8s Bergen 8s. city of Berne 8s, city of Brazil 8s Canadian 6s do 5s do nat eq 7s Chicago, N W. 7s C M ft St P gn & rf 4s A Can Nor 7s Chile 8s Christiana 8a city of Copper Exp 8s do Ks do 8s , rin 8a Cuban Amer Sugar 8s . ... Con Gas cv 7s Diamond Match 7s Denmark 8s ................ Danish Man 8s Dupont 7s 1931 French ext bs French 7s Grand Trunk 7s Goodyear 8s .......... Gulf Oil 7s Great Northern 7s .... Hershey 7s Humble Oil 7s 1923 97 Int Rap Tr ref 5s 1966 64 Int Mar CT 6s 1941 78 Kennecott 7s 1930 SS14 Llbby. McNeil A Llbby 7s 1031 '95 Morris ft Co.. 7 Vis 1930 99 Mexican Pete 8s 1936 96 NYC call 7s 1930 108 Norway 8s 1940 104 Northwest Tel 7s 1941 103 Ohio C G 7s ...1925 94 Pan Amer 7s 1930 90 Penna 6s 1936 100 N P ft G N (Jnt) 6s ....1936 106 San Paulo 8s 1938 98 Southwt Tel 7s 1926 97 Swedish Govt 6s 1936 89 Standard Oil N Y 1931 104 NEW ISSUE $3,500,000 Standard Gas & Electric Company Secured lh Sinking Fund Gold Bonds To fee dated September 1, 192! To be due September 1, 1941 ) PtJrrmahh ca m ho!e or in part of th option of iht Company upon 60 Jay' node al I0TV ani Merest prior to Sepianitr I, 1 926 and thereafter at less for each tttccetding year. Interai payable teml-annually March I tt ana" Scpttmbtr I In New York or Chicago. Principal payable In New Yon. Coupon Bonds in denominations of $1000, $500 and $100 with the privilege of registration as to principal only. Interest payable without deduction for Normal Federal Income Tax not in excess of 2. Pennsylvania foul mill tax refunded upon application to the Company. The NeU) York Trust CompcrQ), Truslea From a Utter signed by Mr. Arthur S. Haey, Vice President of the Company, the fallowing salient features are summartzeJi Company Standard Gas & Electric Company and its subsidiary companies constitutes one of the largest Cublic utility and management organizations in the Fnited States. The utilities are mainly electric and gas f roperties serving a population of approximately ,135,000 in 533 communities including Minneapolis, St Paul, Lovdsville.Tacoma, Mobile, Oklahoma City, San Diego, Stockton and other important cities. Only 3 of the Gross Earnings are derived from traction service. CoareraZ5ecnrify-.These $3,500,000 Secured 7H Sinking Fund Gold Bonds, to be due September 1st, 1941, will be a direct obligation of the Company. Pledged as part collateral security for these bonds will be the entire authorized and outstanding capitalization of the Byllesby Engineering and Management Corpor ation, including contracts of that company, extending beyond the life of these bonds with the public utility subsidiaries of the Standard Gas fic Electric Company these contracts covering the management ana the supervision of the operation and construction of their properties. These services are indispensible to the public utility subsidiaries, and the charges of such services are included in operating expenses and roperty accounts of the public utility subsidiaries, he charges for these services in the past five years have averaged an amount in excess of the present $300,000 annual sinking fund requirement and the annual interest requirement on these $3 ,500,000 bonds. There will also be deposited as additional collateral security $2,019,000 face value Bonds and Notes and $4,9 1 2,800 par value dividend-paying Preferred Stocks of companies in which Standard Gas & Electric ' Company has investments. The total appraised or market value of the securities to be deposited is in excess of $8,700,000. Purpose of Issue The proceeds from the sale of these $3,500,000 Bonds will provide funds toward the payment of $3,107,500 7 Convertible Sinking Fund Notes due November 15, 1921. The Company has deposited cash to pay the $620,000 7 Collateral Trust Notes due September I, 1921. Earnings The annual net revenue from collateral to be deposited is $1,402,000 or over five times the annual interest charges on these $3,500,000 Secured 7 Sinking Fund Gold Bonds. The net revenue of the Company is in excess of 2.6 times the annual interest charges on the total funded debt of the Company, including this issue. Approximately 98 of the earnings of the Company are derived from the Company's holdings of public utility securities. Sinking Fund Trust agreement will provide for sinking fund of $300,000 per annum for the first three years commencing December I, 1921, calling for de posit with the Trustee.of $25,000 on the first of each month. Commencing December I, 1 924, Sinking Fund payment will be $160,000 per annum on a quarterly basis. Sinking Fund monies are to be used for the pur chase of Bonds of this issue at lowest prices tendered up to the redemption price. Total cash payments to the sinking fund will exceed before maturity the total present issue of $3,500,000 bonds. Equity These$3,500.000Secured 7H Sinking Fund Gold Bonds and $6,500,000 Convertible 6 Bonds due 1926 are senior to $8,790,650 unsecured Notes due 1935, $12,667,400 Preferred Stock regularly paying 8 cash dividends and $12,679,550 Common Stock. The present market value of these junior securities is in excess of $18,000,000. All legal matters pertaining- to this issue will be subject to the approval of Messrs. Cummins, Roemer & Flynn of Chicaro and Messers. Winston. Strawn & Shaw of Chicago. Tho accounts of the Company are audited annually by Hasluns & Sells, Certified Public Accountants. We offer these Bonds for delioery when, as, and if issued and receioed ly us. PRICE, 94 and Interest, to Yield over 8.10 . Federal Securities Corporation Chicago H. M. Byllesby & Company Chicago Tie information eortalmi hattn b iuiotifrom mora which we KgarJ of ittaUt. enJallitakmtna at tha eJarllmmtnl ere tarn J open mch information. Hambleton & Company Baltimore New York Stand Oil of Cal 7s Steel & Tube 7s. .. Swiss 8s Sears Roe 7s do 7s Solvay 8s ......... Swift & Co 7s I'n Tank 7s....... U S Rubber 7tts ... Wilson 1st as West Elec 7s Westlnghouse 7s .. Zurich 8s 19R1 1M 1331 I2 1949 108 1A22 f8 11123 98 1!)27 S 11)25 98 1930 101 1930 994 192S 82 1925 100 1931 102 wis ioi y. 1945 103 1923 95 ..1940 102 ..1945 100 ..1945 101 ..1941 99 ..1920 94 ..1931 90 ..1935 10'J . .19:10 103 ..2014 59 ..1940 104 ..1941 9 ,..1945 101 ..1922 101 ..1923 100 ..1924 101 ..1925 101 ..1931 99 ..1925 101 ..1935 1 04 .1945 103 .1945 102 98 ..1943 1U1 .1941 96 .1940 103 ,1941 102 ,.1933 99. .1936 102 I93U Twenty-five Consecutive Dividends Northwestern Electric Company which has re . . cendy paid the twenty-fifth consecutive dividend to its v preerred stockholders is offering its First Preferred Stock, yielding 7.37 per cent on the investment. A Special Savings Plan with interest-bearing partial pay ments is provided. Telephone, call or write for free illustrated booklet, " Hydro-Eledric Dividends and How to Get Them." Address This offering is limited to 10,000 shares Northwestern Electric Company J. CTAVAJtES, StoJt Sales Manager 10th and Washington Streets, Portland . Telephones: Broadway 500 Automatic 567-47 This Is No. 13 of a series of advertisements Foreign Bonds. Foreign bond quotations furnished by the Overbeck as Cooke company of Portland: ism. ASK. Rnssian 5a 1921 Russian 5s. 1926 Russian s. 1919 French Bs. 1931 .. French 4s, 1917 .. French Bs, 1920 .. Italian 5s, 1918 ... British 5s, 1923 .. British 5s, 1927 ... British Bs, 1929 ... British vky 4s .... British ref 4s Belglnm rest 5s . Belgium prem Bs . German W It 8s .. Berlin is Hamburg 4s Hamburg 4s ... Leipsig 4s I.eipsl? Bs Munich 4s Munich 6s ....... Frankfort 4s- Jap 4s Jap first 4a .... Jap second 4a .. Paris 6s , V K 5s, 1921 ... V K 5s, 1922 ... U K 5A 1929.... U K BS, 1937 ... B .. 4 .. 17 .. 62 .. 72 .. SO . 32 ..S78 ..sua ..3)12 ..283 ..263 .. 67 .. 70 .. 9 .. 10 .. 10 ...11 .. 11 .. 12 .. 11 .. 12 .. 12 .. 72 .. 86 .. 86 .. . . 99 .. 98 .. 90 .. 88 8 6 19 64 72 50 83 883 872 873 293 273 69 70 8 11 11 12 12 13 12 14 13 72 86 88 100 100 ' 98 90 89 Foreign Exchange. Foreign' exchange rates at the close of business yesterday, furnished by North western National bank of Portland. The amount quoted is the equivalent of the foreign unit in United States funds: Country. , Foreign unit. ' Rate Austria, kronen .$.0014 Belgium, francs 0725 Bulgaria, leva 0002 Czecho-Slovakla, kronen Denmark, kroner England, pound sterling Finland, finmark France, francs Germany, marks Greece, drachmas Holland, guilders Hungary, kronen Italy, lire Jugo-Slavia. kronen Norway, kroner Portugal, escudos Roumania, lei Serbia, dinara Spain, pesetas Sweden, kroner Switzerland, francs China: Hongkong, local curency. Shanghai, taels Japan, yen . , .0573 .818 .0(121 .0433 .0054 .1315 .105 .0008 .0215 .1815 J 17-1 178 .5225 .71 .49 . NEW TORK, Sept. 12. Exchange, irreg ular; sterling demand S3.73, cables $3.73; francs, demand 7.20, cables 7.21 Belgian franca, demand 7.09, cables 7.10; guilders, demand 81.66. cables 81.72; lire, demand 4.28. cables 4.27; marks. 92. cables 92; Greece, demand, B60; Sweden, demand, 21.62; Norway, demand, 13; Ar gentine, demand, 82; Brazilian, demand, 12.87; Montreal, 10 per cent discount. Rates were still lower for some remit tances in ths lata dealings. Sterling de mand $3.71. cables $3.72; guilders, de mand 81.70. cablea 81.76; marks, demane .81, cablea 91. Metal Market. NEW TORK, Sept. 12. Copper, steady. Electrolytic spot and nearby, 1214c; later, 12 12c. Tin Firmer, spot and nearby, 26.75c; fu tures, 27.00c Iron Steady. No. 1 northern, $21922: No. 2 northern, $4)021; No. 2 southern, $19019.50. Iead Steady, spot. 4.60c. Zinc Quiet. East 8L Louis, spot, 4.23c Antimony Spot, 4.50c LONDON. Sept. 12. Standard copper, 1 spot. 07 7s 6d; electrolytic, 71 10s; tin, 150 2s 6d; lead. 23 12s 6d; zinc 24 15s. of 10 to 21 polnta Sales were entlmated at about 88.000 bags, September 7.80c, October 7.80c, December 7.03c. January 7.72c, March 7.830, May 7.98c, July 8.11c. Spot coffee was reported In fair de mand with quotations on the basis of 7c to 8c for Rio 7s, and 10c to llo for Santos 4a Naval Stores, SAVANNAH, Ga.. Spt. 12. Tnrpentlnd firm, 64o: sales 403 barrels, receipts, 837 barrels; shipments 830 barrels; stock 10.352 barrels. Rosin firm Snips 912 brr!, rrlpt 111ll1sllll'IHI""""""'"u,'J "S Why 133 barrels, shipments 848S burreln. stnrk 73,703 barrels. Quote: H, I, 14; K. $4 03; F. 4 2; G, II. 1125: I, $4 3l: K. 14.40; M, $4.50; N, $4 60; WO. 5; WW, $3.50. ration Market. NEW TORK, Sept. 12. Spot COttOB. n"l't. mlrMlmir, 19Kwr Before Buying Property- 1 Coffee Futures Easier. NEW TORK, Sept. 12. The msrket for coffee futures was easier today under realising or liquidation after last week's advances and some trade selling which was supposed to be against the cheaper offers from Victoria. The market opened at a decline of B to 8 points, rallied slightly .tv, .ft the call on further covering, ?i;5 ' but soon weakened again with December selling off to 7.00c ana juarca to 1.00c, or 14 to 26 points net lower. Last prices were within 8 to B points of the lowest with the market closing at a net decline 1775 3. 78 .015 .073 .0098 Idaho Falls Ships 7500 Carloads of Produce This busy city of 10,000 people is the largest out bound shipping point in Idaho, because it is in the center of an immense agricultural region which includes 1,300,000 acres of producing irrigated lands. We have only a limited amount of these -" 6 and 6 Improvement Bonds and therefore urge prompt reservations. Idaho Falls, Idaho Est. Mat. 1 to 10 Years. Den. $100, $500, $1000 Prices to Yield Income XiUMBERMENS Exempt tjst(3A2st-BANK Broadway and Oak T That which promises most does not necesarily per form best. We have a list of depend able bonds that will re turn you from 6 to over 8 as certainly as it is humanly possible to assure. Municipal bonds are the safest investment you can obtain. The bonds we of fer are bonds we own and that we have purchased after the most exacting scrutiny. Our reputation is behind them. Our rep utation is the most valu able asset we have. May we be of service to you? Call, phone or write. mail this corrox""" Freeman Smith & Camp Co., Fortland, Or. Please send me details of your Investment account plan. Name. Address. I r 0 V. V,' .-.--': ir ylVtr Freeman igPp SMITH CAMP Co. wound noow UntSSSMCMS BUtLBIM sir ana sraac 14S A SURE THING! It .a con rv tlve tr nay thnt lh m jrln?r or public off i i t .4.1 who won't give preference to W A H K I'N IT K - HIT l' MTH1C i the one who hnn not trie-l it! "Any trud that In not n.-iHu'drtory to th t.inpnyor in not ;it iwfnrtiry t i u." is a concise way of xpn'mit tho principle nf Wnrrn UrothTu !ompnriy. Thu principle of mutual mT mfn-t ion H the fnundiitlnn of Warren it o- HI I mi t hit nuccena. Thert-l'orn. people may put their road problrma into th hunda of Warrenite-Itltulit hie entrfnoers with a fnellnK of nnaniut conf loVm In the future. The principle if denim with all part lea for over ft" yeara in hioiut' tulrneta and taking advantage of non hna brouirh t the bus'nefa nf Warren Hrnthera Company to It pre-nt pruu 1 prtnition In the enxlnferinjc tl Id. HERRING RHODES, h Etiibllr.hed 1K90. BROKERS New Tork Flock. Hnil. Grain. Cotton. Frivate Wtrrs. Mriiihrra tblcaita tSwrd of Trade. 201-8 Runway Klctmnse Bldg. Tslepnon Main ila-:ib HOTEL HOYT Strictly Firrproof. Near both depots and convenirnt car service la all parts of city. Hlnrle Room Wil limit llutli, l and an binslc 1 .. With Itiilli. t! anil up EI.ltfcKT H. KOllK. Munanrr.