Morning Oregonian. (Portland, Or.) 1861-1937, September 30, 1921, Image 21

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Morning Oregonian., September 30, 1921, Page 21, Image 21

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Newspaper Page Text4 THE MORNIXG OREGOXIAX, FRIDAY, SEPTEMBER 30, 1921 21 ALL WHEAT BIOS 1 1HB0HS Market Advances 1 to 2 Cents at Noon Session. EASTERN GAIN REFLECTED Export SItnatlon Is Xot FaTorablc With Reports of Further Ke l telling by Foreigners. Althong-h th export iltontlon was un Ktlvfutory, wheat price wero Advanced I at tb xxchns yeairday, following th tronw clou mX Chicago, wher covering by ahorti was factor. I-ocal bids wers t cnts higher on northern sprint and 1 -sent higher oa all other grades. There mmm not much activity In ths market. Offers for oata a.od barley wars tra 'hanged from Wednesday. There was do demand tor corn. A Chicago news bureau re-port said ths TJRrted Kingdom has resold and cancelled Quite Una of Manitoba wheat and would te willing to cancel mora, but that ship pers cannot toecuae of their Inability to Cancel their freight engagements. According to a London cable, ths wheat tnaxket there I weak with longs liquidat ing. There have been sales ot Manitoba! at 6 rents below ths cost of ths grain at hipping point a. Australia Is now offering shipments below both tbs United State SUid Canadian markets. Ths exportable surplus of Argentine vheat Is estimated at G2.000.000 bushels, trat according to Hroomba.ll, It Is mors than likely that the carry-over at the end of mi will amount to 37.OOQ.0UO bushels. (Rains have benefited growing corn. Ths export demand continues light, with corn shipments this wk showing a sharp fall ing off at l.N0O,HK bushel. Argentine wheat shipments this week wore 1W.0O0 .feuithels. Terminal receipts. In oars, were reported y the Merchants exchange as follows. I Portland W'hrat Bar. Fir. Oats Hay Thursday 117 .. 5 V 1 Year ara 7fl 7 Ifion to date. .11.1:1 M 1T 867 S (lrr ago 4,tfutf 41 109 180 Sid TCOIll)r (TA'(I nrtiiay 63 .17 17 Year ago r-4 S Ifemaon to date.. .7!7 70 01 Bt Ift'J 'Year ego 1.1-1 4'J 2tf bthttie ."Wedrwuilay 47 18 1 8 Year ago 44 5 1 iPeaaon to date.. 2.4i4 M 5M 174 44 r ago 1.1'U M U3 fit MS ATPLES STEADY AT 6H11TINO TOLVTS 'Two Can of Oregon Winter Bananas Auc tioned at New York. . Apple prices are holding their own in the northwestern shipping markets. ' Ths latest carlot sains reported were: TVe natcbes valley, Delicious, extra fancy me dium to large f3, fancy 12.75; Rome, ex tra fancy medium to large fX Yakima valley, too few sales reported to quote. Other northwestern districts, Jonathans, extra fancy small $L"5, fancy $1.60, C grade $1-23; Homes, orchard run fair and fancy, all grades $1.25(91.80. At ths New York auction 1125 boxes of Oregon Winter Bananas sold at the fol lowing range of prices: Extra fancy, $3.80 f&a 85; fancy, large, $3 85tt3.95; medium. $3.3. 3 TO; small, $2.UA 3.05; C grade, medium to large, $3 303 50; small, $2.7U 4t. 13; few low as $2 33. bibi vi wnBirrn ooxea apples to i rw Tork Jobber were at the following prices: V inter Bananas, sxtra fancy, large, $4.25 kp4.50, few high ss $4.73, small to me dium $3.60fp k Jonathans, extra fancy 1. Air fi 7t Ifr trnwa Jiluli a. m l!l )!( m.4knm 44.304 50, small $3 754, fancy mtdlum to large HtM..V, C grade slxt-s 3'tf S.5; combination extra fancy and fancy Jonathans, larrre $3 50(04. medium $3 S.25, small $2 30 2.75. California, Tomp kins, King, fancy small to large moatly $3.:.38.M,. frw high as $4. small to me dium $2 503; Gravenwtrlns, fancy large 13.5033.75, medium $2.753, small low as $2. IlriJh Columbia. Wealthy!, No. la zcedlum to large $3 25itf 3.76; Jeffries, No. Is, aU sixes, $.'.ft.V JCTE ritODllT? ADVANCING SflAKl'LY Indian Government Estimates Crop st 4,100,000 Bales. Ths rndlan government recently made a final estimate of the yield of Jute from the crop now under way, setting it down as 4.100,000 bales. .In ths past 25 years ths smallest Jute crop was 4. 800.000 bales, end the average crop In tbs pant three or four yeers haa been about 8,000,000 bale. Earlier In ths season the govern ment had forecast a reduction In the crop of 87 per cent, and the final forecast, con firming the worst fears, had the effect of starting a great speculation in the raw material and Its products. The large burlap Importers have been warning Chetr clients that there Is a highly speculative condition In the trade, both here and In Calcutta, but they also stats that much higher prices on Jute products may bs expected until a larger raw ma terial yield becomes possible. Calcutta Jute mills hsve been operating en a four-day-week schedule, and will continue to do eo by sgreement for some little time. There Is a substantial carry ovsr from the last crop, and two weeks ago there were burlaps enough in hand at Calcutta to supply ths United Btates market for three months. This surplus Is disappearing ver rapidly. There has been a very sharp Improvement in Jute founda tion cloths for linoleums. In Jute yarns fur carpets and upholsteries, and In other Juts products. In many respects ths Im provement resulting from a smalt crop parallels the condition in cotton. HIGHER BVTTKB TRICE NOT WANTED Creamery Men Opposed to Any Change, but May Have to Advance. Cube butter sold at ths former price of K43 cents for extras. Creamery men say the only reason for a gnaeral advance In prices at this time would be an advance at Se attle and they do not look for this, as ths Seattle trade Is apart on the question of raising the market. No material increaae In the make Is expected for about three weeks yet and the butter makers hope to hold prices where they are during that period, although they assert there Is no profit In ths creamery builness now with butterfat prices where they are. Two cars of eastern butter have been received, but they were sent on to ths south. Fresh sggs were very srce and firm. Candled ranch sold on the street up to 43 cents. Poultry was in moderate supply and heavy bens and small springs sold well. Country dreaed meats were slow. Tea Market Strengthening. As the season advances, the shortags In the better grades of teas becomes more apparent, and all Indication point to s strong and advancing market during the remainder of the year, even tbe com moner sorts, which hsve long been a dreg upon the markets here and abroad feel ing ths upward Impetus given to prices bv curtailment of eropa of the principal HEAVY HENS 27c Per Lb. Vorr (rood demand on aernunt Jewlah holiday. Don't lnqulrs. Ship. Prompt r.tuma guaranteed. The Savinar Co., Inc. 100 Froat Street. Portland, Orccoa varieties. Buyers .ensrallr contlnu. to pumi. a eonsersstlv. poller, and In few Instance! are requirement! being covered much In advance, but the dally volume of bualn.aa on Jobbing orders makes s rood snowing. , Bank fleaiing-a. Bank clearings of the Northwestern cities yeaierdajr wars as follow.: Clearinira. Balances. Portland 5.ol..'4 l.l.r.S.SlS Seattle 6.1IH nun l,0ij.30 Ticotnt :U(M7 47.411 tipokan l.MT.nui &i8,U40 PORTLAND SI ARRET QCOTATION9 Grain, Flour, Feed. F.te. Merchants' fexcbauM-o, noon session: Hid Wheat Sept. Oct. Nov. Hard whit. $ i ll fl.ll fill Soft wbile 1.10 1.10 1.10 Whits club 1.10 1.10 1.10 Hard winter 1 12 l.ii 1.12 Nor. l-prlne; 1 11 1.11 1.11 Ued Walla 1.U7 1.UZ 1.U7 Oat. No 2 whits feed....... 25.00 SS.OO II 00 No 2 (ray V4.O0 24.00 24.00 Warley Brewing 26.00 .... FLOUR Family patents, 17.80 per bar rel; whole wheat, it) 20; graham. 18.00; bakers' bard wheat. '7 23; bakers' blue stem patenaa. 16.73; valley bakera. $6 00. MlLl.KKO fries. (. o. b. mill: Mill run, tT2 per ton; rolled barley. $34 6 36; rolled oats, 136; scratcu feed, $4 per ton. COK.N Whole, IJU; cracked. 3 per ton. HAT Buying pries f. o. b. Portland: Alfalfa. 113 por ton: cheat. liawlxftO: oat and vetch. $ 13 13 SO; clovsr, $100 10.30; valley timothy. I1S13.30; east.ro Uregon timothy. IllClaSO. Dairy and Coantry Prod ore. BUTT KR Cubes, eitra. 4So per pound: prints parchment wrapped, boa lota. 47o;H carluns, 4ftc. Butterfat. buying prices: No. 1 fradt, 47o, delivered Portland. hlrUS Caso count, 40i(4-c; candled ranch. 43t4ftc; association firsts, Uc; as sociation selects. 6uc; assodaUon pullats, 44c CHKBSi Tillamook triplets, pries to Jobbers, f. a, b. Tillamook, itto; loung America, 2Ro pound. POUlrTKY liens. 160260 lb.; springs. zr-e'iOc; ducks, 'io'tfiic; geeae. nemlsal; turkeya nonilnaL 1'OKK Fancy, ISHOlAe pound. VKAl Fancy, 17o pr pound. Prnlta and Vegetables. FRUITS Vaienrla oranges, 14.2597.30 per box; lemona 13 5068.23; grapefruit, $t'Q' 11.50 per box; bananas, 8vfo lb.; apples, 1.91'iS box; cantaloupes, $2 61:23 crate; peaches. 11.2501.30 box; prunes, &te0c pftr pound; pears, 31.75422.&0 per box; huckleberries, lOU'luc per pound; grapea $1,506-2-73 per crate; cassbaa 29 2Vc per pound; cranberriea $3 per box. WTAIOKS Oregon. 2 w 2.250 per pound; Taklmaa $2.25472.50 hundred; sweet potatoes, 4 C 6c per pound. ONIONd Yellow. t350j4 per sack. VEGETABLES Cabbage. 3 i4 6 4c lb.; lettuce. $2 509$ crate; earrota. $1 6002.50 per sack: garlic. 10&20o per pound; beta $2 0 2-50 per box; cucumbers, 75 690c per box; beana 766o per pound; green corn, 1262.50 sack; celery. 75c6L15 doien; egxplant, TlOc pound; tomatoea 65c(ti 2.25 box; green peppera 6trl0c pound; cauliflower, $1.7668.00 per doxen; pump. Itina, go per pound; squash, ilo pound. Staple Uroccrles, Ieal Jobbing quotations)! tUUAR (sack basis) Cane, granulated, 6.55o pound; bel, 6 35c. NUTse Walnuta Manchurlan. 20 9 22c pound; Braxkl nuts. ls20c; filbsrts, 160 18c; almonds, 24v27Ho; peanuts, SWllc pound. RIOR Blus Rosa. Ac per pound; Japan style. tOSKo per pound. IIKANH Small white, 4 90c: large white, 8c; pink, 8Vc; lima, 7e; rsd, vkc per pound. t'OKFEK Koaatsd, bulk. In drums. 14 9 16 He per pound. kaI.T Oranulated. barrel. $3 2094.05; half ground, ton 5 us, $17.25; 100a. $10.23; lump roca, s-o av. HONK Comb, new crop. $6.60 9 7 par Caae. OKIED FRUITS Dates. $4.23 psr box; (lga, $1.4063.73 per box. Bides. Hops, F-tc. TAT.I.OW No. 1, Vs4o; No, 2, 2SJ2V4c psr pound. CASCAKA BARK Five cent, a pound, delivered Portland. HOPtt 1U21 crop, 80o per pound; funnies. $2 6 33c; 102 crop. 200 23c llloa.S Fresh cured. ii'io per pound; calf. He per pound; kip. 6c per pound. W'OOL New clip, o6 20c per pound. MOHA1K New clip, loc per pound, de livered fortland rrovialona .wn All .t... 9!tA3.".(ir aktnR.A lOfr, B7c; picnics, 18e; cottage roll, 20c. HAtUfl 'r ancy, - - v . -, ww $4c; standard, 23 3 27c X.AF.L) Pure, tierces, 15o pound; com- prertred. tierces. 13 He IKI SALT Backs, 19923c; plates, ISc Oil. TjTNSEED OIL Raw. In barrsla 97c; 3-gallon cans. $1.12. Boiled, In barreis, HVc; 3-gailon cans, $1.14. TURPENTINE In drums, fl.OO; ".-gallon cana. $1.15. WHITE LEAD 100-pound kegs, 12 He per pound. COAL, OIL Tank wagons and Iron barrels. 17 He; cases, 80 0 37c GASOLINE lank wagona ana lroa barrels. 20c; caae a. 38 He BAN FRANXISCO FKOUICK MARKET Prices Current en Vegetable. Fresh Fruits. Klc. at Bay City. . x vd a vi'wi 'i t Ment Vegetables Squaah. 40-lb. lug. 50065c; potatoes. - . ..... .... tn .'X. 2. '0 oniwna, mcw ,, - " " , . tm.lni-i 11.236a1.75: bell peppers. 34c;' beans, H03c; lima. 7ii7Hc; carrots. $1124; egg plant, 80ic i. .,...'. ft. i.iiiii'a nef erute. corn, per aaca, e -v ' - $125' celery, per crate, lo; peas, per ' ' . . . . . . ....... lb., B0 11C; PprOUVa. Aer juuiu, 7a v Poultry Hens. 25 033c; young roosters, . . . - - 1 A r..t-rn 1 M fti' 1 Sc 1 VOUDC chickens. 324.'.c; ducks. .Mc; dressed turkeys, SJc; live luraeya, " " ' ' slan bares. 13c; sojuabs, per dosen. $.1.0. . . ..... v 1 u 1 4 rt 'S lem ons $4.50 0 6.20; grapefruit. $405.30; ap- j a.(a- ai ..-.,: 'J .M airaw- pies. OtS au ' ' , . ii tit,, l hii raMDberrles. Dsrries, pei w.... w pr drawer. 60070c; blackberries, per drawer, 356c; peaches, per small box, ."c 01.73; cantaloupes, standards, per lug, $204; ponies. $10123; flats. 6075c; flga. slnsle layer. 6.10 83c; plums, per crate, $102.30; casabaa, per dosen, 750 KSc; watermeiona, Ver """".'-,-: grapes per crate, aeedleas. $1.5001. 63. others $1.2391.75; pears, per box. $2.50 03.75; prunes, per crate, $1.2382.23; cran berries, per box. $3. Receipt" Flour, 3742 quarter sacks; wheat. ll centals; barley. 92.3U3 centals; corn. 226 centals; potatoes, 42119 sacks; . . u . . t,i.ln. Iil.'.-J. nranzei and nay, ion ' " . ..-. -'. ' . lemons, 00 boxes; livestock. 700 head. tll'OTATIONS OJJ DA1BT FBODTJCK Better Prices Ruling on Butter. Cheese and En. SAN FRANCISCO, Sept. 29. Butter Extra. 4Hc. jiggs Extras, 60c; extra firsts. 57Hc; extra pullets. 47c; extra pullets, lira's, 42c; undcraixed pullets. No. 1, 2!Hc Chemi California flat fancy. 23c: Cali fornia flat firsts. 20c; California Young Americas, fancy, 26u. NET YORK, Sept. 29. Butter, stesdy. Creamery, higher than extras. 44H045c; croamery extras. 44c; flrats, 360 43c fr-gfg Weaker. Freah-gathered extra finite. 47 040c; do firsts, 42 0 4ic Cheese Irregular, unchanged. CHICAGO, SepL 29. Butter, higher. Creamery extraa. 43c; standards, 38o; flrts. 33H041HC; seconds. 80032c. Exga, hiKhor. Receipts. 93(e cases; firsts, 870 3'.c; ordinary firsts, 33 0 34c; miscellaneous, 36037c. SEATTLE, Sept. 29. Eggs, select local ranch, whits shells, 5c; do mixed colors, SOc; pullets. 3804OC. Butter City crearaery cubes, 46c; bricks or prints, 4ac Naval Moras. SAVANNAH. Oa.. Sept. 29. Turpentine, firm, 67 He; sales. 175 barrels; receipts, 611 barrels; shipments, 8 barrels; stock. 8867 barrela. Rosin, steady: sales, 98S barrels; receipts, i,ia hirr.la: shlDment. 10 bsrrels; stock. 7rt I barrela. yuote: B. D, $4.15; E, $4.10 04 43 F. $4.1.04.4o; KJ, s-a.uwjv.ou; n. $4 8304 60; I. $4 5004 73; K. $4 7005; M, I4H303.1O; N. $503.83; WO. $3.4003.50; WW, $5.30 0 3.60 - New Tork Sugar Market. NEW TORK, 6pt. 211. Raw sugar, cen trifugal, ft.24; refined, fine granulated, $3.60. Cotton Market. NEW TORK, Sept. 29. Spot cotton, quiet. Middling, 21 2c Tmluth Linseed Market. DTT7UTH, Sent. Ljasesd en tract and arrive, l.b7. STOCK TONE IS BETTEB GAEVS OF 1 TO POINTS LVE BT LE.VDIXG ISSUES. Victory Notea Tjcadlng Feature of Bond Trading With Xew High Mark Set- , NEW TORK, Sept. 29. Sentimental and technical consideration entered into the better tone of today's stock market. Busi ness prospects, aa vlswed by federal re serve authorities, continued le brighten ( and additional favorable statements ol I August railroad earnings were Issued. Money rates remained srsaar, iiuui foreign exchangee were more or lese tin settled. ... Closing of subscriptions to the $.-0,000.-000 Argentine government loan denoted Increasing confidence In Investment con dition'. Stocks In which the short Interest re eently renewed Its eggressiona led today's rally, notably oils and kindred Issues, also equipments, steels, motors and their rub ber accessories, and shippings, these gain ing 1 to 3 points. , t Buying of rallg embraced most of the transcontinental. prominent grangers, coalers and secondary shares of roads traveralng western and southwestern sec tions. Copper strengthened In connection with higher prices quoted for the refined metal and specialties, comprising chemical, tex tile, paper snd mall-order groupa were ap preciably better, highest levels marking the final dsallnga Total sales were 4SS. 0O0 eharea Confusion attended the lighter dealings In foreign exchange. British and French rates were eased moderately, marks ral lied slightly and Greek, Italian and Nor wegian bills were lowered by 8 to 20 points, and far eastern quotations were unaltered. Victory notes dominated the bond mar ket at a new high mark for the move ment of 09.54. Sales of this Issue Include one lot of $3,000,000. Liberties were Ir regular, rails held steady and the foreign flotations were featureless aside from weakness In Cuba Cane 7a Total sales, par value, were $18,875,000. ' CLOSINO STOCK QUOTATIONS. (Furnished by Overbeck Cooke com pany. Portland. Bales. HIED. l,ftW. 800 40 H 47 Adams Exp.. Advance Hum. Agr Chem ... AJax Rubber.. Alaska Gold). Alaska Juneau Allied Chem.. Allis Thai do pfd ..... Am Beet Sug. Am Roach ... Am Can Co. .. do pfd Am Car A F.. do pfd Am Cot Oil . . . Am Irug Syn. Am Hide a L. do pld Am Ice Am lntl Corp. Am Linseed.. do pfd Am Loco .... do pfd Am Saf Rasor Am Shin C. Am Smelter... do pfd ..... Am Snuff . . .. Am Steel Fdy. Am Sugar ... Am Sumatra.. Am T se T.... Am Tob . . . do B Am Wool Am W P pfd.. Am Zinc Ansconda .... Aaad Oil Atchison ..... do pfd Atl G 4 W I. Bald Lrfco ... do pfd ..... Balto A Ohio. do pfd Beth Steel B.. B R T Butte C A Z.. Butte A Sup.. Caddo Oil . ... Cat Packing.. Cal Pet do pfd ..... Can Pac Cen Leather.. Cerm de P. ... Chand Motor.. Chi A N W. .. Chi Gt West.. do pfd ..... Chill Cop .... Chlno C M St P do pfd Coco Cola ... C 4k O Colo F A I. ... Colo Southern Colo OA E... Col Graph ... Con Gas Con Cipare . .. Contl Can .... Contl Candy.. Corn Prod .... do pfd Cosden Oil ... I Ft I A P.... do A pfd... do B pfd. . .. Crucible do pfd Cuba Cane do pfd Cub Am 8ug.. Del A Hudaon Dome Minea.. D A R U do pfd Kndi Johnson. Erie do lat pfd.. do 2d pfd . . Fam Players.. Fed M A Sm. do pfd ..... Fisk Tire .... Gaston Wms.. Gen Clgsrs ... Gen Klec ..... Gen Motors ... Glen Alden ... Gen Asphalt.. Goodrich ..... Goodyear ..... Granby ...... Gt Nor Ore... do pfd Greene Can .. Gulf 8 Steel.. Hafk Barker, Houston Oil.. Hup Motor.... Ill Central ... Inspiration . . Int Agr Corp. do pfd Interboro .... do pfd Callahan. son 2' 2oo 2..ViO l,8i0 200 S'.H 23 H 46H 88 200 60O 87 27 S i28 'ii" 100 .moo 8.1HM) 100 BIX) 1.8O0 ROO 2.21 H 8.000 2. 8O0 100 "i.Voo "too 6,400 2(0 20 2. MiO 18.500 "i.VnO UK) B.IHIO I.811O ' 4n0 900 1.300 lm Don 300 2.40O DOO 6,000 200 "i.'fno 2.000 200 800 1,'JOO 1.000 1.100 1.100 son 100 700 8.4O0 0I 8 I0 1,100 100 "i.ooo 100 400 800 6u0 Vo'6 900 500 600 l no 84 4H 88 H 23 H Al H 424 ll7 ' 124 H 85 23 T 82 87" 27 iisit "ii" I H f.lH 83 4V4 6 8714 23 Bi 41 HIT 124 73 74 10 8U 8fl 80 2H 88 36 4 14 BS 73 113 20 2i 43 7S 7 ii 24 26 40 86 66 60 ao 89 ,27 43 H 7S 107 26 84 80 4 82 7 58 'ii" 64 in 19 4,500 100 'i.Vioo 500 iuAOO 200 100 "i.Yoo soo 700 200 l.'oo 100 200 2, Son 100 (too 200 rxm S.oon 700 4.200 2, ftlM 800 'i'n'on 400 20 RIH 2011. 8. 4O0 2.001) 1.800 son Son son 700 600 2,400 inn l.oon 500 200 soo 800 Intr Int Harv Int Mer Mar.. do pfd ..... Int Nickel ... Int Psper .... do pfd ..... Invln Oil Island Oil .... Jewel Tea ; . K C Southern. do prd . ... Kelly-Spgfld . Kennecott .... Keystone Tire. Lack Steel ... Lee Tire LehlKh Val... Lor I Hard Lowe Theaters Mex 'pe't '.'.'.'.'.' 42,'ono Haml 600 Mid States Oil 8.4iO Mldv Steel ... U K A T do pfd ..... Mont Power. .. Mont Ward... Mo Pac - do pfd M St P ASSM M A St L Nat Biscuit... Nat Enamel.. Nat Lead .... Nev Con ..... New Haven Nor A West... Nor Pac Nov 8co Steel. N Y Air Brk.. N T Central. .. Okla Prod ref. Ont Silver ... Ont A West.. Otis Steel .... I'ac Iev . . ... Pac O A K... lac Oil pan Am Pet.. do B M Penna Peo Gas Fere Marq . .. Phils Co .... Pure Oil Pierce Arrow. Pierce Oil ... Pitts Coal ... Pitts A w' Va. Pr Steel Car.. Pullman Ray Con . Reading Replo Steel. Hep I A .... do pfd . ... Rep Motors... Ryl Dutch Oil. Ry Steel Spg.. Saxon Motora Sears Roebuck Shstturk Aria 12 124 10 40 63 82 i4" 7K'4 21 40 08 64 11 97 83 8 89 2 6 4 78 48 13 50 "9 2 in 26 62 42 20 11 42 ; 34 14 18 ins" 21 12 2d 49 18 20 41 71 10 100 88 2,000 I.80O UK) 2.400 itM) "i.Voo 1.000 100 1,100 200 Von 21.6O0 6. Mm l.oO 8.100 1.400 Ann 80O 1.2O0 1,600 2"0 oo JIN) 300 1.0O0 son 4.800 ion 1,400 Yoo Xioo 800 900 too SaM J" A X... MAm 9 88 SS 80 27 85 38 88 H 8 4 14 87 7S 113 28 28 42 61. 7 'io 24 26 40 86 33 39 59 81) 27 43 77 107 26 33 60 "2 62 7 16 13 "ii" 64 1.1 18 6.100 66 33 12 13 96 7VS 28 74" 2 4 28 9V4 "ri 87 47 44 87 1 20 80 2.1 12 6 61 26 54 92 13 72 23 62 'in' 46 84 '68 10 iis" 10 8! 62 82 "ii" 74 21 .19 38 62 11 96 84 8 89 1 8 4 76 "47 13 49 "8 2 10 23 61 42 20 10 41 23 M 14 13 ioo'" 21 11 24 49 17 20 80 70 8 "is" ii 14 16 77 23 "ii" 1 J 22 "69 86 46 43 87 50 19 29 25 11 6 0 24 68 91 ? 2S 1 "io 43 84 67 6 Bid. 48 13 8.1 23 4.1 8.1 . 72 28 88 26 80 H 128 108 1H 4 10 30 59 84 21 4.1 90 105 4 6 88 73 IOI 24 61 41 10f l'-'4 122 75 23 10 30 92 8 80 2S 8S 06 SS 61 86 8 4 14 10 67 $7 73 1134 28 29 42 70 7 16 11 24 26 40 36 5,1 24 8.1 60 64 89 27 44 78 100 I?H 79 67 64 81 7 17 13 101 18 H 1 64 13 1 13 56 5 21 11 88 124 10 40 53 82 30 19 28 75 21 89 58 54 11 96 84 7 88 1 6 4 78 10 48 13 60 90 It 2 10 26 51 42 20 1 41 23 54 147 13 109 102 11 11 25 2 8 49 18 19 41 ,71 117 87 74 12 1.1 9H 77 23 66 73 4 22 9 11 5 87 46 44 87 61 19 30 5 12 6 60 26 67 92 12 72 23 32 80 10 4.1 83 2 68 33 Sinclair 22,000 20 19 Stand Oil CaL 000 74 72 s:oos Shef ... bi 88 87 So Pac 8.IHI0 79 78 bo Ry 2,100 21 20 do pfd UN) 46 46 St L a S P... 600 21 24 Strom Carb... loo 10 SO Studebaker .. l.&tH) 73 72 swtrt Co Tenn C A C. 6O0 8 7 Texas OH .... 8.100 86 8.1 Texas Pac ... 4O0 23 22 Tob Prod .... I.IOO k.6 61 Tex P C A O.. 6.200 20 18 Tr Contl Oil.. 400 8H 8 Union Oil Del 1,1"0 17 16 Union Pac ... l.SoO 122 122 United Alloy United Drug.. 700 56 35 Ltd Fd Prod. 6.3O0 12 12 United Fruit.. 1.100 110 108 Untd Rds N J do pfd ' Utd Rtl Stores 2.20 32 61 U 8 Ind Al... I.000 46 4.1 U S Rubber... 8.2iK fio 40 do lat pfd... 40O 87 87 V 8 Smelting. 2IM 82 82 U S Steel 18.1O0 80 78 do pfd 60O 109 109 Utah Cop .... 9,2oo 31 49 Va Chem .... 100 80 80 do pfd ..... s. ..... ..... Van Steel .... 70 81 80 Vlvandou .... 400 8 7 Wabash do A pfd... 400 21 20 do B pfd West Pao 100 23 23 do pfd ..... ...... ..... ..... Went Union... 400 82 82 Weath E & M. 1.3U0 46 43 West Md White Motors. ..... Wlllys-Ovld 600 6 8 do pfd ion 27 27 Wilson Pack.. 100 83 83 . Wla Cen Woolworth ... POO 114 112 Worth Pump.. 2.UO0 41 40 W A L E BONTX3. , TJ S 2s reg....100N T C deb 6s.. U S 2a cou. ...100 I Nor Pac 4a.... U 8 4s reg 104HiNor Pac Sa ... U S cv 4a. cou104tPao T A T 5s. . Pan Ss reg.... 76Penn con 4s. Pan 3s cou ... 76Sou Pac cv Oa. Am T A T cede 102 Sou Ry 5s Atchen gen 4s 78 H ! Union Pac 4s.. D A R G con 4a 67 HI U S Steel 3s. . . . 19 ! 7 I 37 79 20 46 24 80 4V tfH 7 85 22 6H 20 8 17 121 26 5.1 12 10U 7 18 52 . 4.1 87 82 79 109 60 80 75 81 7 7 21 13 23 62 82 4.1 9 83 6 27 3.1 26 114 40 ' 8 .93 .77 .57 .88 .87 .93 .86 .81 .94 Bid. Liberty Bond Quotations, Liberty bond quotations furnished by Overbeck A Cooks company of Portland; Cloning . High. Low. Bid. Liberty SU 88.-6 8S.24 88 26 do 1st 4s 90 80 do 2d 4s 90 20 do 1st 4s fto.98 on 78 90.90 do2d4s 90.42 90.10 90.32 do 3d 4s 93 S8 pn.sn 9:i sn do 4th 4s o n iw .is flo.r.s Victory 4s 90.50 99.44 99.44 do 3 99.44 Boston Mining Stocks, BOSTON, 6ept 29. Closing quotations: Allouex 18 (North Butte 10 Arls Com 8!oid Dominion ..23 Cal A Arts 4!HiOaceola 27 Centennial .... 8IUulncy 38 Copper Range.. 3.1 1 Superior 2 East Butte.... 9Sup A Boston... 2 Franklin 2 I Shannon 90 Isle Royalle... 20 Irian Con 8 Uke Copper... 2lVinona 40 Mohawk 5Q HI Wolverine 11 Swift Co. Stocks. i CloMng prices for Swift A Co. stocks at Chicago were reported by the Overbeck A Cooke company of Portland as follows: Swift A Co 95 Llbhy. McNeil A Libby 7 Nstional Leather 6 Swift International 22 . Money, Silver, Etc NEW TORK. Sept. 2. Call money, stesdy; high, low, ruling rate, offered at and last loan, 5; closing bid. 4. Time loans, steady; 60 days and 90 days. 3 05 per cent; six montns, 5 per cent. Prime mercantile paper, 6 93. Foreign bar silver, 71. Mexican dollars, 55. LONDON, Sept. 20. Bar sliver. 43 d per ounce. Money, 8 per cent: dis count rates, short bills. 4 64 3-18 per cent; three-months' bilia 4 per cent. New Tork Bonds, NTew Tork bond quotations fnmlshed by Herrln A Rhodes. Inc., of Portland: Am Tobacco 7s. 1923 , 701 Am Tobacco 7s, I023 101 H Anaconda 7s R, 1UJO 94 Anaconda 6s A, 1929 90 Armour cv 7s, 1O30 -00 Armour 43. 1U;0 82 Argentine GI 5a 1943 72 Am Ag Chm l"i. 1041 90 Beth Steel 7s, 1023 984 Beth Steel Eq 7a 1!'".1 96 Belgium Ext 7s. 1U43 102 Belgium 6s. 1:12.1 11.1 Bergen 8a, city of. 10-45 100 Beme 8a, citv of, 1943 IOI Braxll 8s, 1041 9l Canadian 5s, 1026 I4 Canadian 5a lull 93 Can Nat F.q 7s. 11135 102 Chicago N.-W 7s. 19:10 104 C. 31 A St P gr.Arf 4 A, 2014 .18 Can Nor 7s. 1040 ..103 Chile 8s. 1041 98 Christiana 8s. Citv of, 1945 IOI Copper Kxp sS. 1022 loo Copper Exp 8s, 1023 101 Copper Exp 8s, 1024 ltd Copper Exp 8s. 102.1 1 .......102 Cuban Amer Suiar Sa 1931 98 Con G11S cv 7s, 102.1 102 Dla-Match 7s. 1935 10.1 Denmnrk 8s. 194.7 104 Daniih Mun Ss. 11145 102 Dupont 7Hs. lfni 90 French ext 8a t045. lno Frenoh 7s. 1041 n.l Grand Trunk 7s. 1940 102 Goodvear 8s. 1041 104 Gulf Oil 7s. 10"3 99 Hershey 7s. ItKtO 9S Int Rap Tr ref 5a. 1966 8.1 Int Mar CT s. 1941 82 Vi Kennecott 7s. 1030 !4 Morris A C3 7s. 1030 101 N T C call 7s. 1930 104 Norwsv 8s. 1940 106 Northwest Tel 7a, 1941 104 Ohio C O 7s. 102.1 94 Ohio Power 7s. 1051 94 Pan Amer 7s. 10.10 02 V. Penna s. 19.16 102 San Paulo 8s. 19:16 07 Southwt Tel 7s. 1923 98 Swedish Govt 6. 1939 SOU Standard Oil. N T. 7s. 10.11 ln-, Stand Oil of Cal 7s 1931 1001, Steel Tube 7a 1051 02 . Swiss 8s. i;40 101 Sears Roe is, 1922 90 Sears Roe 7. 1923 98 Polvny 8s. 1927 100 Swift A Co 7a. 1023 loo t'n Tank 7s. inno 102 V S Rubber 7s. 1930 lot Wilson 1st 6s, 1928 83 West Else 7s, 1925 101 Westlnghouse 7. 1931 102 Zurich Sa 1945 101 Foreign Bonds, Foreign bond quotations furnished by the Overbeck A Cooke company of Portland: Bid. Ask. Belgian rest 8s 6.1 68 Belgian prem 3s 67 7n Belgian 7s. 1915 102 102 Bebrlan 8s, 1941 10.1 102 Belgian 6 1923 91 .1 Brazil 8s (new) 09 100 Britloh 5s. 122 874 884 Britiah 6s. 1927 30.1 87.1 British 5s. 1029 RH3 S78 British Aky 2M 200 Brltlah ref 4s 270 280 Hordeaux 6s. 1034 83 84 Canadian 3a. 1026 04 94 Canadian 5Us. 1029 93 94 Canadian 5s, 1931 90 90 Canadian 3. 1021 (19 inn Canadian 3a 1927 an 88 Chilean 8s, 1041 C . OSS 98 Currency ......v... 8 10 Denmark 8a, 1041 103 103 Dan Muni 8s. 1944 102 102 French 4s, 1917 46 47 French Sa 1931 56 67 French 7s. 1941 9.1 91 French Ss. 1643 100 100 Psrla 6s 90 100 German W L 6a 6 7 Berlin 4s 7 8 Hamburg 4 7 9 Hamburg 4 8 9 I.elpsig 4s 7 9 Lelpslg 5s 8 10 Munich 4s 8 9 Munich 5 8 10 Frankfort 4 8 9 Italian 3s. 1918 81 82 Jap 4a. 1M31 71 72 Jap first 4s. 1921 86 86 Jap second 4 a, 1925 86 86 Norway 8s. 1940 lon 10 Ruaslsn 5 'is, 1021 14 16 Russian 5a 192H 4 S Russian 6s. 1919 14 16 Swiss 5s. 1920 no 90 Swiss 8a 1940 .'..107 107 1' K 3s. 1921 99 lOO' V K 5 11122 98 98 V K 6a 1029 91 91 U K 5 Ha 1937 89 90 Foreign Exchange. Foreign exchange rates at the close of business yesterday, furnished by North western National bank of Portland. The smount quoted Is the equivslent of the foreign unit In United States funds: Country, foreign unit Rate. Austria, kronen f .0012 Belrlum. francs 0714 The New Tork Sfoek F.xehanre and the New York Cotton Exchange open now at 7 A. M. end rloae at It M Portland time, instead of 6 and 1 1 A. M. New Tork is now on standard time In stead of Daylight Saving time HERRIN & RHODES, Inc. Established 1806. STOCK A B)M BKOKFR3 tVl Bsilwav Kxrhang Bldg. l'iutae Maia 8-284, Bulgaria leva .0086 Csecho-Slovskia. kronen .......... .0110 1 Denmark, kroner .1782' England, pound sterling; 4 8.7300 I Finland, finmark 0160 France, francs .0713! Germany, marks .......... .0086 Greece, drachmas .... . .0402 1 Holland, guilders 3100 Hungary, kronen .0022 Italy, lire 0410 ! Jugo-SIavia. kronen .00.12 Norwsy, kroner .1242 Por-ugal, escudo .1070 Rumania, lei 0002 Serbia dinars 0103 Spain, pesetas .1310 Sweden, kroner .22.11 Switxerland. franca 1733 China-Hongkong, local currency 6r.M Shanghai, taels 8400 Japan, yen .4850 NEW TORK. Sept. 29. Foreign ex change Irregular: Great Britain, demand 2.71, cables 8.72; Frsnce. demsnd 7.11. cables 7.11: Italy, demand 4 03. cables 4 03; JHelBium. demand 7.01. cables 7.02: Germany, demsnd, .81, cables .82; Holland, demand 82. cablea 82.06; Norway, demand 12.30; Sweden, demand 22.20: Den mark, demand 17.75; Switxerland. demand 17.29; Spain, demand 13.05; Greece, de mand 4.82; Argentina, demand 32.25; Bra sil. demand 13.25; Montreal. 91. Rates continued unsettled in the later deallnga Great Britain. 60-day bills on banka $3.68 Holland, demand. 81.85; cablea 81.91. Greece, demand, 4-S5. FURTUER GAIN IN RESERVE RATIO Increase of Three-tenth Ter Cent In Week Reported by Federal Board. WASHINGTON, D. C Sept. 29. Com bined resources and liabilities of the 12 federal reaerve banks at the close of busi ness September 28 were reported tonight by the federal reserve board as follows: Resources Oold and gold certificates....! 442,070.000 Gold settlement fund F. R. B. 416,402,000 Total gold held by banks.. 818.472.000 Gold with F. R. agents $1,759,001,000 Gold redemption fund 108,429,000 Total gold reserve $2.72.1,966.000 Legal tender notes, silver, etc 152, 710.000 Total reserve $2,878,643,000 Bills discounted, secured by U. a Gov. obligations 4ftO.927.000 All others 9ll.978.ooO Bills bought In open market. 88.889,000 Total bills on hand $1,441,792,000 U. S. bonds and notes $ 86,483,000 L 8. certfs. Indebtedness, 1- year, cerlla. (Pittman acct.) 17.1.875.000 All others 12,399,000 Total earning assets $1,666.0.11,000 Bank premises 20,172,000 Five per cent redemption fund against F. R. bank notes.. 9. 086.000 Uncollected Items 808,1 8.1, 000 All other resource 13.947,000 Total resources .,. Liabllltlee Capital paid In Surplus Reserved for government fran chlse tax Deposits: government ...... Member bank rea acct..... All other .$3,107,126,000 .$ 103.049.000 213,824,000 61,634,000 57.2.13.OO0 1,63.1,572.1100 24.580.0O0 Total deposits 81.717.40.1.0O0 F. R. notes in actual dr.... 2,457,196,000 F. R. bank notea In circula tion, net liability 101.372.000 Deterred liability 441.300.00 AU other liabilities 21,:l2d.ooo Total liabilities .$5. 107,128.000 Ratio of total reserves to deposit and federal reserve note liabilities combined, 6U per cent Ratio of gold reserve to federal reserve notes in circulation after setting aside 85 per cent against deposit liabilities, 92.7 per cent. RALLY HELP OVERDUE SPECULATIVE BCYIXG HEAVY IX CHICAGO MARKET. After I-owcr Opening. Prices Ad vance and Close Is Strong ' at Top Point CHICAGO. Eept 29. Wheat took de cided upward swing today chiefly aa a re sult of speculative buying, baaed on opin ions that a rally waa ovardua. The mar ket closed strong;. 1 to 2Hc net higher, with December $1.23 to $1.23 snd May I1.97V4 to 11.27. Corn finished e lower to $c up; oats at c decline to c advance, and provisions unchanged to 6oc lower. At first, wheat con tinned Its decline with most traders rlvina much attention to the lack of any Important European de mand for shipments from tbe United States. In the last half of the day, how ever, persistent buying of wheat by pro fessional operators, who have been con spicuous on the selling side of late, forced values into a rapid ascent. The market Closed at the topmost level. Corn and oats fluctuated with wheat. On the downturn, &eptember corn touched the lowest price on record since l&otf for that month. Lower quotations on hogs wee-kened pro visions, especially lard. In which liquidat ing sales were heavy. The Chicago grain letter, received yes terday by the Overbeck & Cooke company of Portland, follows: Wheat Sentiment was quite bearish early in the day; In fact, so much so that an over-sold condition developed and prices recovered 4 to 4 cents from the ow point In face of bearish news. Some export business was reported worked on the break, although the volume was not large, and this feature waa completely off set by advices from abroad telling1 of of frrs to resell In London at five cents be low replacement cost for Manltobas. Aus tralia was also reported as offering wheat to the United Kingdom for deferrd ship ment at lower prices than either American or Canadian wheat. Tbe United Kingdom Is understood to have canceled a consid erable quantity of Manltobas and would be willing to concel more but for the inabil ity of shippers to dispose of ocesn tonnaae. The cash market was firm, especially for the -better grades. Today's advance was at the expense of the short Interests and unless there Is a marked improvement in the general character of news we do not think prices will be maintained. Corn All deliveries again sold at new prices, but recovered most of the loss In sympathy with wheat and on genersl short covering. Large receipts met an indiffer ent demand and spot premiums were fur ther reduced. The country continues to offer freely, even at the decline, and a bet ter cash demand .will be necessary to give permanent strength. Oats declined early with other grains, but met buying by commission houses, fol lowed later by shorts. Cash prices were steady to 14 lower. The Immediate sup ply and demand situation Is quite well balanced In the sense that country selling is at a minimum and the demand like wise. Rye Futures were wesk earry on con tinued hedging by northwestern Interest a After this selling had run Its course the market turned firm with other grains. It wss tnt.mt"r1 thst some xpn'-t b,,tne.i New Offering $200,000 Port of Grays Harbor, Washington (Coextensive With Grays Harbor County) 6 Gold Bonds Dated July 1, 1921 Due July 1, 1941 Optional July 1, 1931 Principal and semi-annual interest payable at the office of the County Treasurer, Montesano, or in New York City. Coupon bonds in denominations of $1000 and $500. Free From Federal Income Tax FINANCIAL STATEMENT Real valuation (estimated) .....$100,000,000 Assessed valuation, 1920 45,407,984 Bonded indebtedness, this issue only 400,000 Bonded debt less that 910 of 1 of assessed valuation. Population (estimated), 50,000 These bonds, issued for the development of port and harbor facilities, are the general obligation of the Port District, which is coextensive with Grays Harbor County, and are payable from unlimited ad valorem taxes on all taxable property therein. Grays Harbor claims the distinction of being the largest lumber manufac turing and shipping port in the world. Agriculture, dairying, stock raising and fish packing are important pursuits. Price 101 H and Interest To Yield 5.80 Blyth, Witter & Co., Ferris & Hardgrove Portland, Seattle, San Francisco Seattle and Spokane Bond & Goodwin & Tucker , Inc., Portland Seattle San Francisco had been done, bat no amount was irven. ieadlDsT futures ranged fia follows: WHEAT. upfn. HiKn. IjOw. jioss. re.... I 1.1'OH $ 1.2314 1.19'4 $ 1 "3 Mar-... Lis 1.2 J V 1.23 K 1.27 hi CORX. Ieo 40 .MKi .49 .80 Muy.. Jbi M .64 .60 OAT8. n S4 .36 K .8.1 JMi May.... ,4t14 .41 .40 .401. ufees PORK. Sept.. Oct... Jan. .. s.ro .0i LARD. 10 no 8.10 RIBS. 5 B.UO 22.00 n.1 6.02 Oct.... T.10 7 10 R5 6 "5 Jan 7.70 7.70 7 J 7.W Cash prices were as follows: Wheat No. 3 red. 1,22; No, 4 hard. fi.imei.i4V4. Corn No. 2 mixed. 48UC49Vle; No. S yellow, 4--i SMtto. Oats No. 2 while, 34U03SMe: ?' S white. 32ie34c.. Hye No. 2. nominal. Barley W 6:ic. Timothy W2r.S4.7S. Clover fl218. Pork Nominal. Iird !.. Klbs 7 . Primary Receipts. CHICAGO, Sept. 2ft. Primary receipts Wheat, 1.3.'.S.0trt bushels versus 1,711.000 bushpls. Corn, 1.4W1.UO0 buahels versus MM H bushels. Oata, 714, U00 bushels versus 6.10,0tM bushels. Shipments Wheat, 1,281.000 bushels versus l.OJU.OOO bushels. Corn, 47a.OK bushels versus 672.000 bushels. OaU, 873.0OU bushels versus 410,000 bushels. Minneapolis Grain Market. MINNEAPOLIS. Sept. 2 Csah wheat. No. 1 dark northern, f 1 SO ft 1 .62 : No. 2. fl.45 d 1 4; No. 3. fl 34; No. 1 northern. fl.47s; No. 2, f 1.424: No. 8. 11.334 id 1 : No. 1 northern. 11.47.; No. 2. S142a; No. 3. fl. 3.14 1.3s : No. 1 dark hard Montana. I1.3H4 i 1.40 : No. 1 hard Montana, 1.344 1.36. Parley, 40rWe. Klax. No. 1, fl.97H2.004. Wheat futures. Sept, I1.4SV41 Dec 1.37 Si; May, f l.S4. Winnipeg Grain Market. WINNIPEX3, Sept. 29. Cash wheat No. 1 northern. fl.374: No. 2. tl.34: No. 8. f 1.304: No. 4. f 1.204: No. 6. f 1.124; No. 6. $1.02i. Wheat futures. Oct.. f 1.354; Nov.. 1.33; Dec. tl.2S4. Grain at San Frmnclseo. . SAN FRASCIWO, Sept. 2!. Oraln Wheat. mllllnsT. f22.10; feed, f l.o2 10. Barley, feed fl.2A; shipping-, tlZTV, ISi. Oats. red teed. 11 40 SIM Corn, white Eryptian. f 1.70 1.80; red milo, fl.701.7S. Hay Wheat. No. 1. fl5018; fair, fIS IS; tame oats. 312915; wild oats, 10 12; alfalfa, 312014; stock, 810; alraw nominal. Seattle Grain Market. SEATTLE. Sept. 29. Wheat Hard white, northern spring, SI. 12; soft white, white club, hard red winter. 11.10: soft red winter, $1.09; eastern red Walla, fl.08; Bis Bend blueatem. f 1 20. City delivery feed Corn. whol. yellow. f37; cracked corn, $39; corn feed meal, f:t; barley whole feed. f.'in; rolled, f:i:i: around barley, $36; clipped barley, $40; oats whole feed, $39: rolled oats, f:W; ground osts, $3S; sproutiner oata, $43; wheat recleaned feed. $44: all itraln chop. $37: ehlck feed. $S: chick mash. $."3; growing mash, 331: eK miih'Xo. B. M, 4; scratch feed, $48: wheat mixed feed. $L"4; cocoanut meal, $27; cottonseed meal, $41; linseed oil meal, $48; soy bean meal $06. H; Alfalfa No. 1, $19: mixed bar No. 1, S21; timothy No. 1, $26; straw. $17. Coffee Exchange Higher. NEW TORK. Sept. 2. The market for coffee futures was higher today. Ths open ing waa 2 to 8 points higher and activs months sold 8 to 11 points above last night's closing figures, with December touching 8e and May 8.12c. making a new high record for the sesaon on the near pnaltlon. Cloaing prices showed a net sd- vn" nf " to 11 point. Pales Were cl- mated at 71,000 bags, including exrhsnges of ecember for later deliveries. Outobnr, 7.84c; December, 7.9ic; March, 8.07c; May, 8.12c; July, 8.16c. Bpot coffee was reported In good demand at 8ac fur Kio 7a and 11W12 Vio for Santos 4s. Metal Markets. NEW TORK, Sept. 29. Copper, firm. Electrolytic, spot and nearby, 12tic; later, 12 V, o 12 Sc. Tin. easier. Spot and nearby, 26 50c; future.. "Jrt I'rcfroK Tir. Iron, firm; No. 1 Northern, $21r22; No 2 Northern, f20.Aoe21; jo. 2 Soulhorn! $19 30 Iff 20. Lead, firm. Spot, 4.704.7.V. Zinc, firm, Kaat St. Louis delivery, spot 4.5uc. Antimony, spot 4.60f4.?Sc. Pried Fruit at New York. NEW TORK. Sept. 29. Evaporated ap ples nominal; prunes firm: peaches steady. Phone your want ads to The Oregro- nlrin. Main 7070 Automntlc 5fin-'.i5 Here is the general obligation of a nation with 8,500,000 popula tion, exports and imports valued at two billion dollars annually, and an area Vz of the U. S. vi These 2-year 7 Treasury Notes are of unimpeachable character. Republic of Yield ARGENTINE Price 99?. Den. $1000 720 LUMBERMENS BROADWAY AND OAK FACTS, NOT GUESSES are what determine the character and soundness of an investment. F. N. CLARK AND COMPANY expertly an alyzes every investment opportunity before accepting and offering it to the investing public' We go to the very foundation, get the facts, weigh them carefully. That we are now offering one of the most profitable and soundest investment opportunities 10 per cent an nually or 2Vi Per cent quarterly, is based on a thorough investigation of one of Portland't big, progressive indus tries. Look into it today. F.K.CLARK and COMPANY Sea Francisco Investment Securities WILCOX BLDG.. PORTLAND Tscoms Spokane Wall. Wall. Stability and Integrity swL-elsJLLrjagj are two essentials the careful investor looks for in the institution from which he pur chases his bonds. They are his safeguard, and a recommendation of the bonds he purchases. More than sixty years of continuous activity has established this bank as an institution of stability and integrity. BOND DEPARTMENT Open 8:30 to 5 Saturdays 8:30 to 2 BANK Oldest in the Northwest OREGON MUNICIPALS TO YIELD AND 9 JOHNSTON-HATTREM COMPANY YE0X BLDG. MAIN 6981 WB OWN AXD OKKER PORT OF PORTLAND 5-Year 6 Gold Bonds Dated July 1. 1921 Denomination S00, J 1000 Frltt) 10I.3O a.d Inlrrrst Income Tax Kzrmpt Western Bond & Mortgage Co. 80 Fonrth Htrrri, f.ronnd Floor, Hoar, of Trad. Illila;. Phone Mala 113 Portlaad, Or. Cascara Bark Bliloa, Wool. Palls. Mohair. Wa An in th. Mark.l. Writ, (or Prlca and Bhlpplnj Tags. roRTi.ANn ntrF woni, ro., GF"Ki;K'M. HI 1.1. IVAN, slanas.r. 1U1 In Inn At. N., Portland, Or. i