23
THE MORNING OREGOIA FRIDAY, OCTOBER 21, 1921
SLUMP
J
Partial Recovery in Local
Grain Market.
medium to larre, 92 0 3.201 Dllaleus, .xtra
fanoy, lr, $4 0 4.50; medium, (I.oOO
.78; fancy car run, 13.250(60: pltsen
barn, extra fancy, large, .25I.W,
medium to lire. $2.7d3! fanor, -larss
mostly. 13; (mail to madlum, $2.S092-7SI
C crada, ammll to medium, I2 02.2&; Nw-
tr.wna, .xtra fancy, madlum, $2.70; lane,
medlnm $1.-50.
Taklma reported t o. b. sales of extra
fancr Jonathans, 10 per eer.t flva-tler, at
$1.80; fancr at $1.S; extra, fancr Wlne
sapa, email, at 21. OS, and extra fancr large
Romee at $1.8502.
MOST BIDS AVERAGE HIGH
Farmers Look for Advances Now
and Are Xot Selling Export
Trade Unsatisfactory.
The- ..lump In whet. which c-vrrlM
prtcom down T to 8 ceaU btubel In thia
market In 1m tnun a week waa c necked
yesterday but there was nothing to ihow
that the recovery waa permanent, though
moit ffraln men believe thU to be the oaee.
Bide at tha Merchants' Exchange were
1 to 3 cents higher on all f re doe except
hard winter and red Walla, which were
the same as Wednesday,
While the change in market conditions
Inspired hope on the part of farmers. It
did not promote selling and the market
waa as quiet at all points as during the
several preceding days The export situa
tion remains unsatisfactory.
Aocordlng to a New York report, a large
exporter with Argentina connections said
ha haa bids from Argentina for United
States wheat and only 2 cents out of line.
Broomhall reported Argentina weather
favorable with the wheat market drag
ging lower and speculative demand absent.
Corn was heavy and foreign daman d was
low. Weeklje shipments were estimated
at 2!2.000 bushels wheat. 2,00,000 bushels
eorn and 830,000 bushels oats.
The weekly weather and crop report says
Kansas wheat Is suffering badly as a result
of dry weather Irt the central and western
part of the state, where the bulk of the
crop Is usually produced. In many coun
ties the ground Is too dry to germinate
seed. There Is some re-seedlng In a few
counties.
Terminal receipts. In care, were reported
by the Merchants Exchange as follows:
Wheat. Bar. Fir. Oats. Hay.
Portland, Thurs. 6J
Your as-o 103
Beason to date. .18.702
Year ago
Tacoma, Wed.
Year hsto
Seatton to date.. 4. $70
Yarago 2.4.1
Seattle, Wed. . . -J
Year ago ....
Seanon to date
Year ago. . . .
6,811
;i4
37
5:
8.412
1
1
67
n
29
i
92
103
5
5
814
215
7
5
BU
Suit
20
776
121
410
210
"i
72
61
2
230
114
MEDIUM VOOLS ARK SELLING WELL
Quarter and Three-eighths Blood In De
mand at Boston.
The outstanding feature In the move
ment of domestic wools, according to late
advices from the eaHt, Is the continued
activity of the knttttng-yarn spinners.
Their product Is gointe to the manufactur
ers of sweaters and Jersey cloths in large
volume. A tremendous demand also la
noted for hand-knitting yarns of all kinds.
This has brought an active Inquiry for
both quarter-blood and three-elghths-blood.
Substantial progress has been made
accordingly In clearing stocks of both old
and new medium wool.
For new territory quart er-tlood the go
ing price Is about 40 cents clean. Some
choice lots are reported to have changed
hand at 45 cents. On the other hand,
quarter-blood from the 1020 clip can not
be quoted above 85 to 38 cents, the sale)
basis recently. Similar variations are noted
in the clean prices of three-eighths-blood
territory. Old wools are quoted at 4S50
oants, but new bring fJ0 35 cents.
Choice fine clothing Is soiling at 65 cents
and up to 70 cents for choice French
pomblng. For ordinary clothing, the going
basis Is 6063 cents. Half-blood staple Is
relatively cheaper than other fine grades,
and It would take an excellent lot to bring
70 cents, the bulk of the rather limited
offerings being quoted at 63 3 65 cents.
Fine staple continues scarce and difficult
to obtain In large lots. Most dealers are
asking SOtfNA cents clean for the little fine
staple that they have to offer.
HOP MARKET STEADY FEW ORDERS
K Demand as Yet for Hops to Go
Abroad.
The hop market Is quiet with only one
buyer operating at this time. A number
or transfers have been made on the basis
of 25 cents for the best quality and offer
ings by growers are equal to. If not In ex
cess of, the demand. The outstanding fea
ture of the market Is the lack of foreign
buying. Those who have studied British
Industrial conditions, however, are not sur
prfsed by the absence of English orders
on the market.
During the year ended August 31, 1921.
exports totalled 20. 81 8.487 pounds, equal
to 1O4.0U2 bales of 200 pounds each. Of
this quantity an equivalent of 75.105 bales
was exported to Great Britain. 14,937 bales
to Canada. 4712 bales to Australia, 3101
bales to Finland, 213i bales to Japan, 8ftl
tales to Mexico, 414 bales to South Amer
ica, and 2743 bales to South Africa and
other countries.
With an Increased consumption predicted
In Great Britain and en the European con
tinent, and at the same time smaller hop
crops there than In lii-0. an Increased de
mand for the 1H21 American crop for ex
port purpocos had been expected. Finan
cial and industrial conditions abroad, how.
m er, are factors that must be reckoned
with In eotimatlng the probable future
oourse of the market.
OREGON SPITZ EN1IERGS AT AUCTION
Sale Reported In Chicago and New York
Markets.
Oregon Spltzenber-rs, fancy grade medium
else, sold at the Chicago auction at $2.10
2 40. At the New York auction. Oregon
Sptt sen bergs, choice, large, brought fJ.10
43 2 50, and medium to large 1. 73 fa' 2. 15.
Boxed apples were quoted on the New
York market to Jobbers at the following
range: Jonathans, extra fancy, large most
ly, $2.75, few 2.83; small to medium.
2.25 ti 2.50; fancy, larpe mostly, $250;
small to medium, f 2.10 92.40; C grade.
medium to large, $2a 2.23; small mostly.
winter liananas, extra fancy. Iarje,
S:a3.23; small to medium, $.302.75;
lie me, extra fancy, medium to large,
S2.73ftf 3.25: fancy. arge. 12. SO 92.75:
DEMAND FOB CUBE BCTTEB BLOW
Eggs Stestdy t Unchanged Prices Poultry
and Meat Weak.
The cube butter market was slow. Extras
were offered at 44 cents, with few takers.
There was some shading of print prices.
The egg market was steady with quota
tions In line with those prevailing; the day
before.
Poultry was In fair supply and Inclined
to be weak, especially heavy springs, which
were lower at 22 cents.
Country dressed veal was very weak,
with 13 14 cents quoted on the best
grades. Poor veai did not seem to be
wanted at any price. Pork was unchanged.
Wheat Exports Lighter. '
World wheat shipments last week and
the same week last year were:
Wit end. Wk. end.
Oct. 15. 21. Oct. 16, '20.
U. fl. and Canada.... 7.041.000 a. 130,000
Argentina lBtf.000
Australia 3.136.0OO
74.000
40,000
Totals .863.000 1.244.000
Shipments for the season to date com
pare as follows:
Tot. since Same period
July 1. '21. last season.
154,678,000 150,019,000
13.046.000
88.503,001
10,998,000
128,000
0. S. and Canada
Argentina
Australia 18,288,000
Others 1,836,000
Totals. .... 187.808,000 199,648,000
Oreg-on Tokay Grapes) firmer.
Grapes were in moderate supply and
market for Oregon Tokays was firmer at
$2.252.60 per lug. Local Concorde were
offered at 56 oenta a pound In box lots,
and 20 25 cents per basket. California
Emperors were unchanged at 10 cents.
Onion Prices Advancing.
The onion market continues firm with
an upward tendency because of the active
demand for shipment to eastern points.
Growers are now receiving $3.25 for the
btst stock.
350 Cases High-Grade Storage
EGGS
At 32Mc Dozen
Same Epgs as packers are now
asking- 38 cents.
These rgga were put up by Armour
and other reputable packers.
Thone Marshall 2561
T
2,000---
light tirs waxtf.ij at oxce.
mil K IS. I'KK 1,11.
Prompt lenlly Returns (.uaranteed.
THE SAVINAR CO., INC.
K.. 1013.
1 no Front St.. Portland, Or.
Reference U. S. National Bank.
Bank Clearings.
Bank clearings of the northweetern
cities yesterday were as follows:
Clearing. Balances.
Portland $.V3A9.20 $1,147,705
Seattle O.LM8.31'9 1,043.4(19
Tumnit 4'.is.7;a So, 043
Spokane l,GnS.39 738,161
PORTLAND MARKET QUOTATIONS
Grain, Floor, Feed. Eto.
Merchants' Exchange, noon session
tia.-
Wheat
Hard white ....
Soft white ....
White club ....
Hard winter . . .
Northern spring
K.'d Walla
Oati
Oct. Nov. Deo.
$1.01 1.01 (1.01
1.01 l.ut l.oi
1.01
1.00
1.00
.05
1.01
1.0I
1.00
.Hi
1.01
1.00
1.00
L
RATIO IS WAY UP
Bank Depletion in Europe Is
Declared Cause.
MONEY RATES ARE HIGH
No. 2 white feed 23.00 20.00 2S.00
MUlrun 15.25 15.25 13.25
Corn
No. 2 E. T. shipment ...26.00 26 00 20.00
No. 3 B. T. shipment ...25.00 25.00 23.00
No. 2 E. Y. delivery 2(1.00 26.00
FLOUR Family patents, $7.40 per bar
rel; whole wheat. $ri.20; graham, $6;
bakers' hard wheat, 17.25; bakers' blue
stem patents, $6.75; valley bakers, $ti.
MILLFKED Price, f. o. b. mill: Mill
run, $22 per ton; rolled barley. ,34fj36;
rolled oats, $35; scratch feed, $48 per ton.
CORN Whole, $41; cracked, $3tJ per
ton.
HAT Buying price f. o. b. Portland:
Alfalfa, $15 per ton; cheat, $1212.50; oat
and vetxh, $141450; clover. $12; valley
timothy, $15610.50; eastern Oregon tim
othy, $18 18.5th
Pnlry and Country Prod nee.
BUTTER Cubes, extra 4344c pound;
prints parchment wrapped, box Lots, 47c.
cartons. 4Sc. Butterfat, buying prices: No
1 grade, 47c, delivered Portland.
KGG3 Case count, 4d' inc; csnaiei
ranch, 4850c; association firsts, 63c; as
soclatlon selects, doc; association pui-
lets. 40o.
CHEBSB Tillamook triplets, price xo
jobbers t. 0. b. Tillamook, 2Gc; xoung
America. 27c pouna.
POULTRY Hens. 182C ID. ! print
22 27c; ducks, 20 25c; geese, nominal;
turkeys, live. 35c.
PORK Fancy. i4o per pouna.
'VltiAI Fancy, 1314cper pound.
Fruit and V etc tables.
wbtttts VaaLencta orantzes. $68.fy pel
box; lemons. $0.608; grapefruit, $58.75
per box; bananas, H4'4o lb.; apples,
$1.25(4.25 box; peaches, $1.25(1.50 box;
pears, $1.75(3.23 box; huckleberries, 8
1 n nf sound: cranes. Oregon Tokays,
.'. en- 2nu oe lur: orefrort Concords. 5(&Jttc
p-r lb.: California red Emperors, 10c per
oe. ihiii fh: nr. DAf Bound: cran
berries'. $4. 75 5. 50 per box.
POTATOES Oregon, s.'va pr
hundred; Yakima. $2 23 per hundred
sweet potatoes, 4 3c per pound.
nIiiX Ye low. Id.JU'ft- per sac it.
VEGETABLES Cabbage, 22Hc lb ;
lettuce, $2.50 2.75 crate; carrot, si.ou
&2.00 per sack; garlic. 10W20C per pouna;
bpets, $22.25 per Dox ; cucumoers, lot
H.-Vc per box; beans. 812Hc per pound;
rreen com. $2 2.50 per sack; celery. 70c
$1 per dozen; terpen peppers, 610o pound;
rsuiiflower. 11. 8502.25 ner docen: pump-
kins, 2c per pound; squasn, x'AC pouna;
sprouts, 17 tec pound. j
Htmple Uroeerlee,
Latest Jobbing quotations:
SUGAR (suck banls) Cane, granulated.
6. 3 Tic pound; beet, 6.15c,
NUTS walnuts. Aiancnurian. zuwno
pound; Brazil nuts. lHfi;20c; filberts. 20
2.c ; a imonda, iiO - c ; peanuts, oc per
pound.
RICK Blue Rose, 7o per pound; Japan
stylt. Uc per pound.
HUA.NS Hmaii wnite, n.noc; larje,
white. $.Mc; pink, 7tec; lima, 77c;
red, 10c per pound.
COFFEE Roasted, bulk. In drums. 18
S"35c per pound.
SALT Granulated. bales. $3.2094.05;
half ground, ton 50s, $17.25; 100s. $16.25.
HONE V Comb, new crop, $6.507 per
case.
lRIKr FRUITS Patee. $7 per ease;
figs, $1.408.75 per box; apples, 16c lb.;
peaches, l'17c; aprlcou 2326c;
prunes, 74l-c.
Hides, Hops, Ete,
TAIIXW No. 1, 4c; No. 2, So per
pound.
CASCARA BARK So a pound delivered
Portland.
HOPS 1921 crop, choice. 25o pound.
HIDES Fresh cured, 6o per pound;
bulls, 4c; calf, 12c per pound; kip, 7c; dry
hides, tc; dry salt hales, 7c per pound.
FELTS Dry pelts, full wool, e&IOc
pound; salt pelts, 35$50c each, according
to sie.
WOOL New clip. H20e per pound.
MOHAIR New clip, 10c per pound, de
livered Portland.
Provisions.
HAMS All slses. 29031c: eklnned. 83c;
picnics. ISc; cottage roll, 22c
BACON Fancy. 4 jp 45c; choice. 27
82c; standard, 23ff2c.
LARD Fure tierces, 14c pound; com-
prwru nrrL-rs, lc.
DRY SALT Backs. 1923c; plates, ISc.
Oils,
LINSEED OIL Raw, In barrels, 89o;
3-talion cans, $1.04 Bolted, In barrel
01c, 3-gaIlon cans, $1.04.
TURPENTINE In drums. $1; ft-nlloa
canr $1.13.
WHITE LEAD 100-pound kets, 124o
per puuuu.
COAL OIL Tank wagons and Iron har
tals. 17 He; cases, 80937c
GASOLINE Tank wagons and Iron bar
rels, 2oc; cases, ac.
Coffee Futures Devllne.
NEW YORK, Oct. 20. The market for
coffee futures was lower today under
scattering liquidation and selling believed
to be for New Orleans account. The lat
ter waa supposed to be for hedging pur
chases of relatively cheap coffee In the
cost and freight market and it ts likely
that there was some near-month liquida
tion due to unsettling outside conditions,
such as the uncertainty of the rail trans
portation outlook. December broke to 7 33
cents and closed at the fiture, with the
general market closing at a net decline
of 1 to 11 points. S:ile were estimated
at approximately 41.0H).
October. 7.20c; December, T.SVr; Janu
ary. 7 4lc; March, T53c; May, 7.61c; July.
7.77e; September, 7.7ac.
Spot coffee was reported In moderate
demand at 7c for Kio 7a, and ll1 if
12 c for Santos 4.
Cotton Market.
NFW TORK. Oct. 20. Spot cotton Quiet
Middling, i.20c,
Stock of Cash In Banks Said to Be
IVo Longer Criterion of
Financial Situation.
Students of banklnt conditions are ha,v
ing difficulty In making nae of bank state
ments In Judging whether money condi
tions are easy or the contrary. Before the
war It was tha commonly aocepted rulint
that when the Bank of England reported
a "reserve ratio" of 50 to 65 per cent
money conditions: were normal; and when
the reserve ratio was between 65 and 70
per cent money waa abundant and Interest
rates ruled around 2 or S per cent In
London.
This cannot apply as a rule for present
conditions, however, - Alexander Hamilton
Institute, in a report on conditions stated.
The reserve ratio of the New York federal
reserve bank haa recently risen above 75
per cent and the ratio of the whole fed
eral reserve system Is above $9 per cent.
Instead of the 2 or S per cent, however,
money rates are between 5 and 6 per cent
In New York. The Chicago reserve bank
la maintaining its 0 per cent rate and In
Minneapolis the rate is 6H Pr cent.
The old rules were developed when the
reserve ratios of England France, Ger
many and other countries were simul
taneously normal. Now, however, the Bank
of England has a reserve -ratio of only 15
per cent and In France, Italy and Ger
many It will be many years before any
thing like a normal reserve ratio can be
restored.
Consequently, It would he short -sighted
to judge money conditions by the pre
vailing reserve ratio of the federal re
serve banks. So long as the state banks of
Europe are overextended the reserve ratio
In the United States should be maintained
at a much higher percentage than was
considered normal before the war.
A much better guide will be found In
interest rates and bond prices, as these
barometers reflect the actual supply of
capital from day to day. At present both
Interest rates and bond prices Indicate s
half-way recovery from the financial crises
of 1920, but not an abundance of funda
This would seem to suggest that the coun
try has not yet reached the period of
maximum ease In money and will not do
so until some time in 1922.
e e e
Robert H. Bean, executive secretary of
the American Acceptance council, has
riven In a sentence an Inventory listing;
the national "working" resources of the
present period as contrasted with those of
18 months ago, emphasising the following
Items: Bank reserves, strong and getting
stronger; credit resources, ample for all
conservative needs ; money rates, lower,
especially commercial paper of every -variety;
commodity prices, considerably re
duced, but deflation not yet completed;
crop yields, rood, with the exception of
cotton, which has been purposely cur
tailed; transportation. Improving, while net
earnings of the roads are Increasing; labor.
more efficient and for the most accepting
wage reductions gracefully; business vol
ume, slowly but steadily expanding.
Such a balance sheet would contain also,
Mr. Bean said, the record of recognized
liabilities, which at present Include the
almost complete cessation of our trade
relationships with aome foreign countries,
the reduced operating rate of some of our
important industrial plants and for that
and other reasons the large extent of un
employment and the general uncertainty
caused by the failure of congress to com
plete the tax and tariff legislation.
FEDERAL RESERVE BANKS REPORT
Combined Resources and Liabilities of 12
Institutions Shown.
WASHINGTON. D. C, Oct. 20 Combined
resources and liabilities of the 12 federal
reserve banws at the close of business Oc
tober 19 were reported tonisht bv the, fed
eral reserve board In thousands of dollars
as ionows;
Reaonrres.
Gold and gold certificates $ 447,697
uoia settlement tuna, leaerai re
serve board 480.829
wuiu wun loreign agencies ......
Total gold held by banks 2S;526
Oold with federal reserve agents l,77la;Hl
Gold redemption fund 132 8t4
Total gold reserves 2,772721
I-etral tender notes, silver, etc.... 'l4iM)39
Total reserves 2,921k7u0
Secured by U. S. government obll-
taiions 459,671
All other 870.0U7
fcmis bought in open market.... 54 308
Total bills on hand 1,34,076
j S. bonds and notes 33130
j. o. terumaieg ot lnaeDteaness:
One-year certificates (Pittman
ct 156.875
All other 3.8i8
ioiai earning assets 1.577S9
iuk premises fly ;
5 per cent redemption fund
against federal reserve bank
, notes e.OOfi
Uncollected Items 630.531
All other resources 17 019
buying. Virtually all the stocks were mold,
Pricaa for the oarsr desoripUoos showed
a hardening tendnGy.
QUOTATIONS OX DAIRY PRODUCE
Current Price Ruling as. Batter, Cheese
avad g t
BAN FRANCISCO. CaL. Oct. 20- Butter
Extras. 4feo; prime firsts, ac; firsts,
42c
Egts Extras, 68Ka; extra firsts, 67 He;
firsts, nominal; extra pullets, 46 extra
pullets, firsts, 44c; undersized puilets No.
1, 40C.
Cheese California flat, fancy, 23c; do.
Young Americas, fancy, 260.
NEW YORK, Oct. 20. Butter Un
settled. Creamery higher than extras, 48-
b4eic; creamery extras, i c.
creamery firsts, 38?46ViC
Eggs Firm. Fresh gathered, extra
firsts, 64sf5Hc; do firsts, 47 53c
Lneese teaay, unchanged,
CHICAGO. Oct. 20. Butter Firm.
Cleamery extras, 4444c; first, 35 S 43c;
second, 3134c; standards, 3uc.
Eggs Higher. Receipts. 2088 cases;
firsts, 45M8c; ordinary firsts, 40542c;
miscellaneous, 43545c; refrigerator extras,
3-i4tt33c; refrigerator firsts, 3lfe32c,
SEATTLE. Oct. 20. Ettxs Select local
ranch, white shells, ode; do mixed colors.
50c; puliets, 42c.
Butter Creamery, cubes, 49c: bricks or
prints, 48c,
HOGS SELLING CHEAPER
TOP QCOTATIOX IS $10.60 AT
NORTH PORTLAND.
i
Cattle Move Readily at TTnch&nged
Prlcesi Sheep and Lambs
Are Steady.
The livestock market was active yes
terday wltto a fair run of 14 loads. The
hog supply was limited yet hog prices were
weaker and f 10.60 was quoted as the top.
Cattle of all Classes sold readily at un
changed prices. Sheep and lambs were
steady.
Receipt, were 125 cattle. 827 hOKS and
S82 sheep. .
The day a sales were as follows:
Total resources 5,lo7,211
iavDiuties.
Capital paid In f 103 034
Surplus 213.824
Keeerved for government fran
chise tax C3 us
Government 29 374
mtsinuar uana. reserve account.. l,6t0.:
All otner 27.3M8
Total deposits 1.71T,Bt)8
Federal reserve notes In actual
circulation 2.440,862
euer,i reserve DinK notea in
circulation net liabilities 0,2 50
Deferred liability Items 643'3R
All other liabilities "-4
Total liabilities ssist-mi
Ration of total reserves to deposit and
reaerai reserve note liabilities combined
TC.3 per cent.
Ratio of gold reserves ts federal . re.
serve notes In circulation, after setting
iua r' wut ssaiu.1 oeposit iioimies.
Di.l per cent
SAN FRANCISCO FRODCCK MARKET
Price. Current on Vegetable., Fresh Fruits,
lite., at May yity.
SaM FRaKCISCO. Oct. 20. Poultr:
Hens, 2:'tf3Jc; young roosters, 203ii5c;
old. 16l!tc; young chickens. 30 Sue
ducks. 2123c; turkeys, dressed. Sic; live,
85 i) 40c. .
Vegetables Artichokes, J9C11 a case;
squash. 73c91 per 40-lb. lug: potatoes,
2'03.O; onions, yellow, $3.23; brown,
,3.50i4; crystal wax. 3; tomatoes, 75c
1.25 a lug: olives. 6's)c a pound: cucum
bers, 5c 6 1 25 a lug: peppers. 609 75c a
lug; beans, string, dvue; llmas, &01Oc
wax. 4rf5c: carrotes. S101.25 a urk
eeEDlant. tl 91.25 a lug; corn. S203.5O a
sack; lettuce, 75c Gl a crate; celery, 32
6 3.5U a craie; iwu, nominal; sprouts.
q'9C a pounu.
Fruit Oranges. Valencia. 14 S 6.30: lm
ons. J3ff5 25; grapefruit. 4j4.73; apples.
Sfe and 4 tier. 1.40ft310 per box: straw
berries, per crate, 1.7Utf 2.20; raspberries.
drawer, oowoov; ui.t.uern'i, per drawer,
4iHaoc: peaches, per box. S1.5Uil ts
cantaloupes, nominal; figs, double laver.
,11.50; plums, nominal; caaabas, per
dozen, 73boc; watermelons, 1132. 5u
grapes, per crate, seedless. 1262.50: oth
S1.25ol.T3; pears, per box. S2.50&.1
prunes, per crate, $1.50&1.75; cranberries,
nr box. $o53.50; wine grapes. $11SS13J
nr ton
Receipts Flour, 72 quarter sacks: wheat
40 centals: barley. '1715 centals; corn, 810
centals: potatoes. 13SS sacks: onions, 1110
sacks: hay. l.o tons; oranges and lemons,
50T boxes; hides. 180; livestock. 100 head.
London Weal Market Firmer.
LONDON, Oct. 20. At th. wool auction
sales today 10,380 bales were offered. Trad
ing was keen. Xacra was mors continental
Wht. Price
2 steers lotiO $ 5.00
2 steers 010 5.0O1
2 steer 121
4 steers 10:15
2 steers 11S5
lcow.. 60
22 cows. 1015
Icon.. 20
Scows. 1073
1 cow. . 740
coers. 74i
5,:
6.7
0.5Oj
1
4
4.301
730
815
7 cows
1 cow. ,
2 cows.
2 calve. 125
1 bull. 1020
12 mixed 31
52 hoKS.
6 hogs.
1 hog. .
4 hogs.
7 hogs.
7 hogs.
6 hose.
6 hoits.
4 hogs.
8 hos.
7 hogs.
1 hog..
1 hog. .
1 hog..
2 hogs.
1 hog. .
11 hogs.
30 hogs.
5 hogs.
4 hogs.
7 hoKS.
1 hog. .
3 hogs.
8 hogs.
1 hog. .
2 hogs.
12 hogs.
4 hogs.
1 hog. .
2 hogs.
2 hogs.
2 hogs.
8 hogs.
1 hog. .
1 hog. .
1 hog..
7 hogs.
4 hogs.
9 hogs.
3 hogs.
7 hogs.
12 hogs.
5 hogs.
1 hog. .
1 hog. .
13 hogs.
12 lambs
22 lambs
24 lambs
6 lambs
11 lambs
10 lambs
10 lamba
2.751
2 0
2 ,
17.
2.301
8.00i
S.50
o.2
182 10.501
320 9.501
370 7.5
232 10.5'
207 10.501
11M 10.5'
228 10.30
241 102
1H3 10. HO
14 10O
204 10.60
440 650
Wght. Price.
8 lambs
11 lam&s
42 lambs
10 lambs
13 lambs
7 lamba
1 ewe. .
11 ewes.
31 ewes.
6 ewes.
8 ewes.
9 ewes.
3 yearl.
18 yearl.
4 yearl.
41 mixed
8 mixed , 120
14 mixed 152
1 buck. 2i0
1 buck.
2 steers
2 steers
107
t3
79
112
104
00
131
130
113
131
1.16
136
126
126
.".0
905
805
1) steers 1136
1 steer.
27 steer.
1 steer.
5 steers
13 steers
1 steer.
2-sO 10.00! 38 steers
150 10.5UJ 1 cow.
4o5 TOO' 1 cow.
230 8.50
1X4 10.501
217 10.40
Hi 10 601
170 100l
174 10.60
130 10 0O
183 10 60
lsi MI.0O
270 9 WO
175 10 60.
150 lO.'.OI
230 10.501
240 9.00
210 10.23 lcow.
100 10.6lk lcow.
ISO 10.00
173 100t
210 10 no;
2 so 10.60,
370 7. 60)
172 10.601
160 10Ai
174 IO6O1
122 10.501
184 10.80
159 10.50
164 10..-.0!
470 7.50
7,00
10.50
8 00
6 50
6.30:
6 50 1
6.50
6 50
6.00
4s
171
64
64
66
96
101
74
1
1 cow.
2 cows.
2 cows .
3 cows.
1 cow. .
1 cow. .
1 cow. .
2 cows.
1 cow. .
1 cow . .
2 cows.
1 cow . .
1 COW. .
1 cow. .
1 cow. .
1 cow. .
1 cow. .
1 cow.
1 bull..
1 bull. .
1 bull. .
1 bull. .
1 bull. .
8 mixed
8 hogs.
8 hogs.
7 hogs.
7 hogs.
1 hog.-
2 hogs.
1 hog.
9 hogs.
1 hogs.
3 hogs.
1 hog. .
62 hogs
910
1008
940
1048
1255
700
1035
070
8-JO
90
840
920
ei'o
J041)
1100
730
1175
900
000
950
90O
8110
850
s.-.o
920
610
970
9S0
810
1470
540
1550
1710
1570
913
STOCK SHOUTS CAUTIOUS
COVERING GENERAL IS FIRM
TO STRONG MARKET.
Kails Hold Gain of Previous
Days Food Shares Best of
Specialties.
NEW TORK. Oct. 2a Th. stock mar
ket waa firm to strong during much of to
day, session. Development. In th. rail
road and f-eneral Industrial situation
prompted further retirement of short con
tracta. Bears became more cautious because ot
the punishment meted out to them in the
sharp recoveries of Pullman and American
Sugar preferred on contradiction of un
founded rumors.
Intimations from well-informed sources
that rate reductions on, foodstuffs and
other commodities probably would precede
any cut in railroad wages Indicated active
measures were being taken to avert the
threatened strike. Transportations held
their gains of the last few days and in
several instances these were augmented by
th. cheaper rails, as well as equipments,
but steels reflected the poor statement of
the Republic, Iron ft Steel company, those
shares showing further depression.
Food sharea were strongest of the spe
cialties, almost every Issue In that division
being stimulated by th. Improvement In
sugars. Among th. leas distinctive mls
cellanaou. stocks, those of department and
chain atorea were In demand.
Aside from General Asphalt, th. strong
est feature of the final hour, foreign oils
showed no definite trend, Mexican Petro
leum occasionally giving way to pressure.
Domestic oils, however, continued to harden
on higher prices for crude products. Sales
were 425,000 shares.
No obstacles to th. market betterment
were presented by money or foreign ex
change. Most of the day's call loans were
placed at 4 per cent on the exchanges and
aa low as 8 to per eent in the open market
British rates were at their highest for
the current movement and continental quo
tations strengthened.
Bonds were relatively dull, but there
were few exceptions In the domestic and
foreign divisions to the higher trend ot
prices, convertible rails again leading.
Total sales, par value, $13,850,000.
CLOSINO STOCK QUOTATIONS.
(Furnished by Overbeck & Cook. Co.,
Portland.)
Sal's. High. I-o w.
600 30 49
T Pullman t.600
Kay Cons..... 800
Reading 2.400
Remington . .. 1O0
Replogl. SteeL 100
Republic 1 c $ l.ltt
do pid
Rep Motors. . .
Ryl Dutch OH
Kr Steel Spg. .
Saxon Motors.
Beara Roebuck
Shattuck, Arts
Shell T ft T. ..
Sinclair
Stand Oil Cal,
Sloss Shef ... ,
Sou Pacific...
Suu Ry .......
do pfd .....
SI L 48
Strombg Carb.
Studebaker ..
Swift & OO. . .
Tenn Cop ft C. 1O0
Texas Oil .... 13.200
Texas Pac... 900
Tex P C ft 0.) T.200
Tob Prod 2.2O0
Trancon Oil.. sou
Union OU Del.
Union Pac ...
"United Drug.. lf0
L'n Food Prod. 700
United Fruit.. .100
Ln Rds of N J
do pfd
Un Ret Stores. 4,200
U S In Alco.
6.00
5 00
6 00
6 00
5 00
6 00
1.00
3 00
a. 00
3.00
3.00
2 65
3 50
3.50
3.50
4.50
3 00
3.00
2.00
2.00
5.50
5 50
5.50
4 50
5.73
5 50
5.50
5 25
4.50
5.75
4.50
4.23
2.50
2.50
2 50
4.50
4.75
3.00
3.00
3.00
4.50
4 00
2.50
2.50
3.75
3 00
8.00
3 00
3.00
3 00
4.50
2.00
3 50
5.00
3.00
4 00
3 23
4.50
216 105
202 10.50
275 10 0
193 10. 54
3S0 8..-.1
130 1004
510 7.3
175 10.56
310 10.00
323 9 54
310 9.04
21)4 10. 5
Prices auoted at the Portland Union
stockyards were as follows: .
Choice steers o u'rtfr o o
Medium to good steers o.w"r o.w"
Fair to medium sleers 3.00 o.-.O
Common to fair steers 4.00a 5 00
Fair to good feeders 3.75' 4..'0
Choice cows and heifers 4.75(9 S.jO
Medium to good cows, neirers e .n r i.iu
Fair to medium cows, heifer. 3.75 4.23
Common cows - il'' 5-2.
Canners .
Bulls S.00n 4 00
Choice dairy calves o o." u.w
Prime light calves 8.0g 8.0
Medium light calves k.vuw o uu
Heavy calve. 3 004 6.0
HOC!
Prime light 10 50 9 1 0 60
Smooth heavy. 250 to 300 lbs. 9 50"al0.00
Smooth heavy. 300 lbs. up ... 8.50W 9 56
Rough heavy 6.50ii S.50
Fat pigs 10 .50 v 10 60
800
BOO
500
1.000
300
"iho
500
400
200
100
200
300
1.30O
900
100
Feeder pigs
Stags
Sheep
East-of-mountaln lambs
Best valley lambs
Fair to good -
Cull lambs
Eastern Oregon feedera ..
Light yearlings
Heavy yearlings .........
Light wethers
Heavy wethers
&wes
9.30 Oi 10.00
4.0041) 7.50
6 50 7.00
8 now 6.50
5.50
B.GQ& 4.00
4.50 'U' 5.00
4.T.0'a 5.00
3.50'Jt 4. 00
8.50fi 4.00
2..K4 3.50
1.00 ffl) 3.00
Chicago Livestock Market.
CHICAGO, Oct. 2 (United states Bu
reau of Markets.) Cattle 16,000. Market
very slow, tendency lower on practically
all kinds: bulla steady to weak. Few bo
lognas as high as $4; calves steady; best
vealt-rs, to packers, 911. &u; Dest to out
siders, $12.
Hogs 30.000. 8teady to 15c lower than
yesterday's average; top early. $8.20; bulk
lights and light butchers, $7.858.10; bulk.
270 to 300-pound, smooth cows. $6.90 (g1 7.23 ;
bulk heavy packing sows, $6'3 6.40; pigs,
active, mostly steady; bulk deslraDie,
S(fr8.25.
Sheep 23,000. Fat lamb, steady to
packers, $7.758; no choice western sold;
few here: choice 98-pound Michigan ewes.
$4.90; sellers asking higher for feeders;
none sold early
Kansas City Livestock Market.
KANSAS CITY. Mo., Oct. 20. (United
States Bureau of Markets.) Cattle 9000.
Yearlings and a few prime steers, steady;
other grades slow; mostly 10(fl-'25c lower;
some off more; top. 1555-pound steers,
$9.30; other early sales. $4.409.23; stock
ers and feeders, steady to weak; other
sales, $4.50413.73; other classes steady;
common to mixed cows, $3.25414.25; grass
heifers, $5.30 down; most cutters, $2.75'u'3;
canners largely around f2.25; beef bulls.
$4.35; most bolognas, $3&3.50; best veal
ers. $9. 50 10.
H011 wou. Generally 1320e lower
than yesterday's average; best 180 to 210
pound weights to packers and shippers,
$7. HO: bulk, 175 to 200-pound weights,
$7657.75; prime 325-pound kind." $7.50:
bulk, mixed loads, 17.35b 7.65; bulk of
sales. $7.257.75; packer sows, generslly
$6.25416.40; stock pigs steady; best kind.
$S25.
Sheep 8006. Sheep generally 23c
lower; moat fat ewes. $3,754(4.10; fat
lambs, weak to 15c lower; top westerns,
$8 13; feeding lambs, steady to 25c lower;
early top, $7.
Omaha Livestock Market.
OMAHA. Oct. 20. (United States Bu
reau of Markets.) Hogs 5500. Medium
and light butchers. 106 25o lower; bulk,
$7.106 7.50; top. $7.75; others and pack
ing grades, mostly 10c lower; bulk, $6.15
6 60.
Cattle 3SOO. Beef steers. lOfl 13c lower:
top, few yearlings, $10; she-stock weak;
bulls and veals steady, atockers and feed
ers 1043 15c lower.
Sheep 11.000. Lambs steady; top west
ern Iambs, $S; fed clipped lamba $7.75:
best native lamba S7.60; stieep slow to 25c
lower; feeders weak; early top, feeding
lambs, $7.35.
Seattle Livestock Market.
SEATTLE. Oct. 20. Hogs and cattle
steady; no receipts; prices unchanged.
Adams Ex...
Advance Rum
do pfd .....
Agr Chem....
do pfd.....
AJax Rub ....
Alaska Gold..
Alaska Jun...
Allied Chem..
Allis-Chal ...
do pfd
Am Beet Sug
Am Bosch ...
Am Can Co...
do pfd
Am Cr ft Fdy
do pfd
Am Cot OH...
Am Drug Syn.
Am Hd ft tea
do pfd
Am Xce
Am lnt Corp.
Am Linseed. .
do pfd
Am Loco ....
do Pfd
Am Saf Raxor
Am Sh ft Com
Am Smelt ...
do pfd
Am Steel Fdy
Am Sugar .
do pf d . ....
Am Sumatra. .
Am Tel ft Tel
Am Tobacco..
do "B" ....
Am Wool ....
do pfd
Am W P pfd.
Am Zinc ....
Anaconda ...
Asnd Oil
Atchison ....
do pfd
At Coast Line
At Gulf ft W I
Baldwin Loco.
do pfd
Bait & Ohio..
do pfd
Beth Motors..
Beth Steel 8
do "B" ....
B R T
Butte C ft Z..
Butte ft Sup..
Burnes. Bros. .
Caddo Oil . . . :
Calif Packing
Calif Pet ....
do pfd......
Can Pac .....
Cen Leather..
Cex de Pasco.
Chandler Mot
Chi ft N W...
Chgo Gt W...
do pfd
Chill Cop
Chlno
C M ft St P...
do pfd
Coca Cola....
C & O
Colo F ft I. ...
Colo Southern.
Col Gas ft Eleo
Colum Graph.
Con Gas
Cons Cigars. . .
do pfd
Cluett Peabdy
Contl Can....
Com Prod....
do pfd
Cosden Oil. . .
C R I ft P 2.4"0
do -A" pfd. 20O
do "B" Pfd.
Crucible
do pfd
Cuba Cane..,
do pfd
Cub Am 6ugar
Del ft Hudson
Dome Mines. .
Endlcott John 1.3O0
Erie
do 1st pfd..
do 2d pfd..
Fam Players. .
Fed Mg ft Smt
do pfd
Flsk Tire
Gaston Wm.. .
Gen Cigar.
Gen Elec 300
Gen Motor.... 600
Gen Alrin
Gen Asphalt. 10,700
Goodrich ....
Goodyear ....
Granby
Great Nor Or.
do pfd
Greene Canan
Gulf S Steel..
Hask Barker.
Houston OU..
Hupp Motor..
Ills Central...
Inspiration . .
In Ag Cor com
do pfd
Interboro ....
do pfd
Interstate Cal
lnt Harv
do pfd
Int Merc Mar.
cfb pfd
Int Nickel
Int Paper
do pfd
Invincible Oil
Island Oil....
Jewel Tea. . . .
K C Southern
K C Sou pfd. .
Kelly-Spgrid..
Kennecott ...
Keystone Tire.
Lack Steel....
Lee Tire
Lehigh Valley.
Lorlllard ....
Lowe Theatres
Marland OU. ..
Mex Pet
Miami
Mid States OU
Midvale Steel.
M K ft T
do pfd
Mont Power. ..
Mont Ward...
Mo Pac
do pfd
M S P ft 8 S M
North Amer
291),
67
IB
454
S3
85
26H
83
124
50
64
82
24
29 ,
65
in
44
33 Vs
26"
84 H
25
84
128
30
69 Mi
SIVa
24
1,800 90 S9"i
200
1,000
200
"560
14.1O0
1.4O0
2. 5O0
1.800
1.100
100
2.2O0
2.300
2O0
1.100
8.200
4.100
1.300
200
2.600
300
"ioo
100
1,000
1.000
1,900
'""700
800
700
l,3O0
300
ano
soo
200
1,100
800
200
800
"lOO
900
3.100
8.000
410
2.000
4 10
8,200
oo
8,600
"i,666
2.400
1.600
2.400
1,700
600
1,100
4
8 V
36 Vi
'23 ti
52 VI
76
S7
W8t4
125 4l
123 V,
74 5,
89 4
93
83 Vi
27 V,
86 Vs
'37".
51
'33'
7
"13
110V,
12
66
41
iiivi
27 Vi,
29
' 41
67 Vi
'ii'i
11V4
24 V,
23 V,
37
34 Vi
S4Vs
i-
ei i
' 8
89 Vi
44
80
108
32
32 Vi
77
631,
60
"7
16
12
63
12Vi
IS
12
62 Vi
4
36
"23
60 -.i
73
36
108
124 H
123 Vi
Vi
'23"
'38
93
83
26
85 Vi
36
51
81
7
'13'
110
12
65 Vi
41
iiovi
27
28
40
67 Vi
i5i
11V.
24
23
36
34
64
"si"
60
3
8U
44
79
107
82
31
77
65
69
"6
15
11
63
12
17
12
61
100
6,800
""ioo
1.4U0
"'soo
4.300
100
' Y.300
2ot
500
loO
I.80O
8.700
2.000
700
400
U S Rub 2.OO0
do pfd
17 S Smeltg...
U 8 Steel
do pfd .....
Utah Copper..
Va Chem
do ptd
Vanad Steel..
Vlvandou ....
Wabash
do A pfd...
do B pfd...
Western Pac .
do pfd .....
West Union. . .
West E A M..
West Aid
White Motors.
Wlllya-Overld.
do pfd
Wilson Fkg...
Wlso Cent....
Woolworth . ..
Worth Pump.,
W ft I,
300
800
7,500
700
600
800
600
loO
400
'"6o
"hob
"ioo
600
400
100
2.900
900
100
100
800
200
100
5
13
SO
20
48
77
8
42
"2
66 Vi
"si"
21
7
"78
19
43
73
"7
40
21
25
64
a
21
119
'68
13
109
63
44
43
89
81
7S
110
62
27
70
80
8
"i6"
20
'82
44
9
86
5
23
84
26
121
39 '
8
4
12
68
20
20
44
74
8
41
"2
64
"si"
21
78
77
19
42
29
72
'7
SU
20
24
62
8
20
119
"66
121.
109
62
43
48
89
81
78
110
61VJ
27
68
SO
8
20
"16"
'82
44
9
86
6
23
84
25
J20
89
8
4
12
69
20
20
45
73
8
41
8U
2
66
6
82
f.
86
77
19
42
22
81
72
95
7
80
21
24
63
8
2o
119
25
56
12
109
72
19
62
43
4S
8S
81
78
110
62
27
67
29
"V
20
13
20
67
82
44
8
86
6
24
83
24
120
39
8
Belgium, francs
Bulgaria. Leva
Csecho-Slovnkla. kronen..
Denmark, kroner
England, pound sterling. ..... .
Finland, flnmark
France, francs
Germany, marka. ..............
Groece, drachmae. .
Holland, gulldera...
Hungary, kronen. ..............
Italy, lire
Jugo-Slavla, gronen. ...........
Norway, kroner
Portugal, eai-udos
Rmimania. lei
Serbia, dlnara
Spain, peseta.
Sweden, kroner
Swltserland. franc.
China-Hongkong, local currency.
Shanghai, taels
Japan, yen
.0722 lng .f th. market, an advanc.
.... .0O73 J a barrel on th. following grad
of 23 cents
arades: Tenn-
0113 arlvanla crude. S3.AO: Cornlnr. 82 13:
10:15 1 Cabell, $2 J6; Somers.t. $2.13; Somerset
Rastand, th. only heavy oil
8 9.10 I I,lht,' $2.40.
NEW YORK. Oct. 20. Forelra exchanra.
Irregular: Great Britain, demand 8.94,
cables $3.94; Franca, demand 7.29,
cables 7.30; Italy, demand 3.94, cables
3.95; Belgian, demand 7.19. cables 7 20;
uermany, domand 66. cables 61 : Hol
land, demand 33.93. cables 34.01; Norway,
demand 12.85; Sweden, demand 23.13: Den
mark, demand 19.10; Swltserland. demand
18.30; Spain, demand 13.20: Greece, de
mand 4.42; Argentina, demand 32.12;
Brazil, demand 12.75: Montreal, 91.
SHORTS BULLY MARKET
SIORE COXFIDEXCE OX BXTTIXG
SIDE OF WHEAT.
2.000 10 10
200
500
500
4.500
125
9
40
54
31
'iri'i
29
. 72
To offset the Increased valus of
silver coins In circulation, Great
Britain has added alloy to recent
Issues from the mint.
8.800
8.800
400
400
, 100
400
100
900
.' 260
200
1.000
500
1,300
"e.joo
8 900
8.000
800
100
1.600
100
600
"l.8li6
900
100
400
600
28,200
600
8.700
500
SOO
"'106
1.400
1.100
1.600
66
65
11
96
34
7
S3
1
"3
75
"''
47
13
47
"ij"
11
24
50
40
21
10
'28
34
148
13
23 .
96
22
13
23
1
'62
19
1S
42
124
. 9
39
52
31
'is"'
29
71
63
63
11
95
34
7
85
1
"3
.74
"9''
46
13
47
"in
2
in
24
30
39
20
10
'27
54
148
13
22
94
22
13
23
1
'32
18
18
41
1.2O0 40 39
Bdl.
50
11
86
20
65
19
43
33
74
23
34
28
83
127
109
18
3
8
49
64
81
23
45
89
105
4
5
3(1
74
23
61
73
86
108
123
123
74
96
23
9
39
93
85
80
82
26
86
97
36
61
98
53
7
4
14
107
12
63
41
78
110
. 27
28
41
67
6
15
11
24
23
37
34
54
24
34
61
3
rX
23
65
39
44
80
107
2
32
65
39
82
6
16
1114
88
18
64
12
17
12
61
5
24
10
58
125
9
311
34
81
9
17
29
72
22
33
65
63
11
95
84
7
85
1
. 6
3
74
100
6
46
13
47
83
10
2
11
24
40
80
21
10
3S
27
33
148
13
23
93
22
13
23
1
2
B2
1S
18
41
84
39
BONDS.
tj B 2s. reg...10ojN T'Cen deb 6s. 5
U S 2a. cou..."100lNor Pao 4s 77
U S 4s. reg. . .104 Nor Pao 8a 57
U S cv 4s. cou.104Pac T ft T 5s.. 87
Pan 8s, reg... 76iPenn con 4s.. b0
Pan 3a, cou... 76,Sou Pac cv 6s. 81
A T ft T cv 64.102 ,Sou Ry 6s 66
Atch gen 6s... 78Lnion Pac 4s... 82
U ft K U con 4s 68 U 8 Steel Sa. . . . 83
Liberty Bond Quotations.
Liberty bond quotations furnished by
Overbeck ft Cooke company of Portland:
Closing
Hlarh. Low Bid.
Liberty, 8. 81.90 01.64 01. SO
Liberty. Brst 4. 92.60
Liberty, second 4. 92.20 91.80 2
Liberty, ttrst 4a 93 16 92.76 92.UU
Liberty, second 4..... 92.34 92.18 82.90
Liberty, third 4 94.72 84.42 I"4.i0
t.lhenv fourth 1111 02.58 92.34 92.42
Victory, 4. .....99.44 89.20 89.40
Victory. lOI 99.44 V9.38 99.40
Boston Mining Stocks.
BOSTON, Oct. 20. Closing quotations:
Alluuez 20 INorth Uutle..
Ariz Com 8l01d Dominion.
Cal Ariz 48Oaceola
Cal ft Hecla...24u jyuincy
Centennial
8 .Superior
Cod R Con Co.. 84;Su ft Bos
E Uutte Cop M. 8 .Shannon ..
Franklin 2 IL'tah Cons.
Isle Koy (Cop). 2o:Wlnona ..
- v oiverine
49 I
Mm.
Lake Copper.
Mohawk ....
10
23
27
86
2
1
1
2
40
11
Swift ft Co. Stocks.
r1nanv nrtooa f',r Qwlft A- Co. stOCk. .1
Chicago were reported by the Overbeck ft
(jooKe company ot rutuaim .
Swift ft Co
Llhby. McNeil ft Llbby J
National Leather
Swift International 22
Money, Silver, Etc
vtrxtr vARtf oct. 50. Call money easy.
High, ruling rate, 4; low, offered at and
last loan 4; closing bio, dtt.
Tint inau iteadv: tiu days. 90 days and
six months. 5 6 4. Prim, mercantile
paper. 3 6 3.
Foreign bar silver, 71 c.
Mexican dollars, 33c,
LONDON. Oct. 20. Bar silver, 40 d
ner ounce. Money. 2 per cent. Discount
rte short bills. 3 per cent; three
months' bills, 3 per cent.
New York Bonds.
K,. York bond quotations furnished by
TTerrin & KhOdes. inc.. OI x-ort.au
Am Tel ft Tel Us
do
Am Tobs 7
do
Anaconda 7s B
do 6s A
Armour cv 7s
do 4s
Argentine GI 5s
Am Ag Chin 7a
Beth steel 7s
do 7a
Beth Steel Eq. 7s
Belgium Ext 7s
do 6s "
do be
Bergen 8s. City of
Berne 8s. City of
Brazil 8s
Canadian 5s
do
Can Nat Eq 7s
Chicago N-W 7s...
C M ft St P gnftrf 4s A.
Caa Nor 7a
Chile 8
Christiana 8s. City of
Copper Exp Sa
do
do l
Cuban Amer Sugar 8s....
Con Gas cv 7s. ..........
Dla Match 7s
Denmark 8s
Danish Mun 8s
Dtipont 7s
French ext 8s
French 7s
Grand Trunk is
Goodyear 8s
Gulf Oil 7s
Great Northern 7s
Hershey 7s
Humble Oil 7s
Int Rap Tr ref 5s
Int Mar CT 6s
Int Rap Tr 7a
Kennecott 7s
Morris ft Co. 7s
Mexican Pete 8s
NYC call 7s
Norway 8s
Northwest Tel 7
Ohio C G 7s
Fan Amer 7s
Penna bs v.,"'
X P ft u K (Jnt) 6s...
N P 6s
San Paulo Rs
Southwest Tel is
Swedish Govt -I
Standard Oil N Y 7s
Steel A Tube 7s
ewl 8s
Sears Roe 7s
do
do ;
Solway 8s
Pwlft ft Co 7s.....
Un Tank 7s. ,
I' S Rubber 7s
Wilson 1st s
West Eleo 7s....
Westlnghouse s
Zurich 8s . . .
Nat Biscuit... 500 117 115 117
Nat Enamel 88
Nat Lead .' 74
Nevada Con... 300 11 11 11
New Haven... 1.4O0 13 13 13
Norfolk ft W. 100 95 85 85
Nor Pac 8.300 74 73 74
Nova SCO Steel 200 23 23 23
X T Air Brake 2iH 62 32 62
N T Central.. 400 72 72 72
Okla Prod ref. 500 2 2 2
Ontario Silver. 1.000 4
Ontario ft W. 400 18 19 . 18
Otis Steel 9
Pacific Dev... 100 10 10 10
Pac Gas ft El. 10O 60 60 5!1
Punta Allegre 1.4oO 26 23 23
Pacific Oil.... 24.600 4 2 41 42
Pan Am Pet.. 3.5'MJ 43 43 43
do "B" 7O0 41 40 40
Penna 4.6O0 86 85 85
Peo Gas 1.4O0 61 SO 50
Pere Slam..,. 1.200 18 19 19
Philadelphia.. Soo 29 29 2S
Pure Oil 4.200 80 29 80
Pierce Arrow. 1.2-10 13 12 12
Plere. Oil.... 3o 7 7 6
Pitts Coal ' VI0 60 S 69
Pitts ft W Va 17200 24 23 24
do pfd 100 78 73 73
Press Steel Car aa a..,a
65
.11122
1924
1922
....11123
....1929
1P29
....1930
....1939
.. . .193
....1W41
....1922
,...19-'3
....1935
1945
. . . .1925
1940
1945
....1945
11141
11126
1931
. . . .11133
1 . . .1030
2014
... .1940
... .1941
1045
. . . .1922
1923
1024
1923
1931
11125
...'.1935
1945
. . . . B'45 '
... .1931
....1945
1941
. . . .1940
1941
1933
11136
. . . .1030
1923
... .1II09
1941
1921
, . . . .1930
1930
11136
, . . . .1030
, . . . .1940
1941
1925
,....1930
,..,.1936
, . . . .lti:.l
2047
1936
1925
193!)
1931
1951
1940
lO'-'l
1922
1023
1927
1923
1930
1930
.. ; . .1928
. i...l925
1931
1945
99
88
101
Ml
96
91 V
100
82
72
14 V
10(1
99
97
83
9. V,
100
101
103
99
93
92
102
lo
54
104
98
103
101
101
101
102
96
-03
103
103
loa
99
99
93
KM
103
100
103
9H
98
r4
83
71
90
Ml
95
103
1 15
104
94
90
Ml
M3
103
97
88
00
lOT
92
109
91
99
88
M0
IOO
lo;
lot
88
Ml
M3
103
Foreign Bonds.
Foreign bond quotations furnished by
the Overbeck ft Cooae companj. u, . .
land:
Belgian rest 8s
Belgian prem 6s ...
Belgian 7s. 1045 ..
Belgian 8s. 1941 ....
Belgian 6s. 1925 . ...
Bnzll 8s. new .
British 5R. 122
British 5s, 1927
British 5s. 1929
British vky 4a
British ref 4s ...
Bordeaux 6s. 1934 ..
Canadian 5s 1921 ..
Canadian li29
Canadian 6s, 1931
Canadian 6s. 1927 ..
Chilean 8s, 1941 C . .
Currency
Denmark 8s, 1943 ..
I an Muni 8s. 1043 . .
French 5s, 1917
French 3s. 1920 ... .
French 7. 141 ...
French 8s. 1945
German W L 6s . . . .
Berlin 4s
Hamburg 4s
Hamburg 4 s
Lelpslg 4s
Leipsig 5s
Munich 4s
Munich 5s
Frankfort 4s
Italian 5s. 1918
Jap 4s. 1931
Jap 1st 4s. 1923 ..
Jap 2d 4'jS. 1923. . . .
Norway 8s. 1940
Russian 3s. 1921...
Russian 6s. 1919.
Swiss 3s. 1029
Swiss 8s. 1940
U K 6S. l2l
U K 5s, 1922
U K 3s, 1929
U K 6s, 1837
Bid. Ask.
. . 63 4
. . 60 69
.. 100 101
.. 100 100
.. 93 93
.. 99 99
. . 892 402
. . SSI 391
.. 3sl 391
.. 205 308
. . . 280 200
. . . 84 83
.. 98 93
. . 94 89
,.. 82 93
-. 88 80
.. 88 88
,..3
... 103 104
... 102 102
... 4(1 4(1
. . . 64 611
,.. 98 83
, . . 99 99
4 6
5 6
... 6 6
5 6
0 7
6 7
6 7
... 6 8
. . . 8 7
... 29 29
... 67 07
. .. 83 83
. . . 83 83
... 103 105
.. 103 115
... 14 16
... 92 92
. .. 108 108
.99 13-16 IOO
... 98 88
... 81 81
... 88 88
.0163
.0733
.0O73
.0433
.3413
.O1143
.0400
.0O43
.1307
.1010
.0OS3
.0150
.1338
.2335
.1801)
.3030
.8300
.4850
Traders Believe Railroad Strike
Will Be Averted Small Net
Gains at Close of Session.
CHICAGO, Oot, 20. Bulls had om ad
vantage ln th. wheat market most of th.
day, owing trior, or leas to predictions
which were current that a general rail
road strike would yet b. averted. Up
turns, however, were not well maintained.
Prices closed unsettled at the same as yes
terday's finish to 0 higher, with De
cember $1.03 to $1.04 and May $1.08
to l.os. Corn gained c to So and
oats ctfo to o. In provisions the
outcom. varied from 2oo decline to 13c
advance.
Inasmuch as the prospect of disastrous
complications from a railroad strike haa
been perhaps the chief depressing factor
In the wheat market of late, developments
indicating that a aettlement might be
reached led to a little more confidence re
garding the buying side. Talk of Impor
tant probable reduction of winter wheat
acreage counted also as a stimulating fac
tor, on the other hand, though, hopea of
better export demand proved to be il
lusory and Canadian wheat continued to
get the. preference from Europe. With
advices, too. telllnr of eonrcatlon of termi
nal facilities at Baltimore and with scarcity
of storage room at Chicago, Kansas City
and Galveston, declines after mid-day car
ried the market down temporarily to a
new low-price record for the season. Cov
ering by shorts, nevertheless, rallied the
market again at the last.
Improved shipping demand neipea give
firmness to corn and thus, through sym
pathy strengthened oats as well.
Provisions averaged higher witn grain,
deeplte weaknesa of high valsea. October
rius lormeo. an exception niw ictt 111 m
new low level for the aeaaon.
The Chicago grain letter, received yes
terday by the Overbeck ft Cook company
of Portland, followa:
Wheat Declined to new low figures
again today, but with liquidation less con
spicuous, In fact It waa simply a case 01
outside buying and a lack 01 conn-
dence in the market on the partfcol tne
local trade. The news waa rathe.' coior-
eaa, although a number of factors taaen
collectively suggest a stronger situation.
Xot the least of these Is the very appar
ent evidence that the blr movement of
winter wheat Is at an end. while arrivals
of spring wheat are expected ateadlly to
diminish. Some export business wa. done
again today and advices from practically
all sections reported a good milling de
mand for wheat. A report that Argentina
was offering wheat in New lora was con
tradicted by a New York exporter who
claimed that he had a bid from Argentine
for wheat from the United States within
two cents of a workable basis. The mar
ket at the close tonlgnt was oy no menu,
weak, but showed every evidence of hav
ing been thoroughly liquidated.
Corn Started turner inu , ......
strong tone throughout tne session.
in,. ahnwrf a further decrease.
the demand was roaienaur uiis,, ....
England interests being In the market for
good quantltlea. One thing wnicn musi
be borne In mind exclusive of the knowl
edge that there Is a tremendous supply ln
the country is tail low unm .......
ably conducive to excessive rarm consump
tion and wastage, it appear. 10 ...
opportune time to take the long aide of
this market. . .
Oats had a strong tone win. ..
lacked Independent teaiure. nnemu
estimated at 120 cars and the cash mar-
teadv. country onmn's-
quoted ln this market, waa advanoed 13
cents a barrel to $1.13.
OI) authorities stated that previous sd
vaaeea had failed to bring out the de-
sired quantities of ell from produeera, and
that drilling had not been resumed. They
added, however, that th. new prlc. might
be expected to stlmutat. both sals, aud
.iplollatloa.
Mrfal Market.'
NlDTv- YORK, Oct. 20. Copper steely.
Electrolytic, spot and nearby. 13: later.
13 1 13o.
Tin .toady, spot and nearby, 29.12c; fu
tures, 2H.3UC
Iron steady unchanged.
Leady needy. Spot, 4.7094. Tito.
Zinc steady. East St. Louis d.Uvery, spot
4.70.14 750.
Antimony, spot BOOffSISo.
Naval Stores.
SAVANNAH, Ot., Oct 20. Turpentine
firm, 67 o; sales, 230 barrel; receipts,
204 barrels; shipments, 7 barrel.; stock.
9303 barrels.
Rosin, firm; sa'.ee. 75 casks; receipts.
1102 casks! shipment.. 800 casks; stook.
81.34S casks. Uuote: B, D, E, $4 20; Ft),
$4 23; H, $440; I. $4.30: K. $4. To: H,
$3,20; K. $3.80; WO, $3 60; WW. $5.0.
New York Sugar Market.
NEW TORK, Oct. 20. Raw migar, cen
trifugal, 4.II0; refined, fine granulated.
5.20416.80.
Dried Fruit at New York.
NEW YORK, Oct. 20. Evaporated ap
ples nominal. Prunes, quiet. Paachos, firm.
Imlath Unseed Marks.
DTJTA7TH, Oct. 20. Unseed oa track an
to arrive, $1.77.
Re-
rhlle
light and any Improvement In the demand
would undoubtedly be quickly reflected In
th. market, but we must aumn ... -
mand Is ss yet Inadequate. ,,,.
Kye Selling by northwestern Interests
satisfied a scattered demand from the sea
board and prices neio wnmu -
'"provisions Firm snd higher on a mod-
t?rate volume oi iraao. o""""
bUead.ngofu.nUre. ranged cllll
WHEAT.
tl (14 $106 $l.o; -'"3
i:08 1.10 1-07 1.08
CORN.
45 .46 .43 .46
.01 .61 -51
OATS.
B" .32 .82H .82
'36 .37 .30 .37
Dec..
May.
Dec,
May
Dee.
ilay
MESS PORK.
Jan..
13.00
8 73
8.82
T0
7.80
LARD.
1,. . . tun 8 77 8 68
mScu.: 890 8.87 8.00
SHORT RIBS.
Jan.: 7.23 7 60 732
v-v 7.82 7.85 7.82
Cash prices were as follows:
Wheat No. 8 dark northern, $1.13.
CcrnNo. 2 mixed. 45e43o; No.
yellow. 43 46c. . ., ...
Oats No. 2 white, 8333c; Iso.
white. 29 iff 31 He
RyeNo. 2, 81ffS2e.
Barley 47 19 56c.
Timothy seed $4.80 n.BO.
Clover seed $120 18.30,
Pork Nominal.
Lard s. 80 8 83.
Ribs $5.62 7.75.
Primary Reelpta.
rmCAOO. Oct. 20. Primary receipts:
. , a. ruu H.iahela vs. 1.274.000 bush
e!a Corn. '974,000 bushels vs. 2.300.OO0
h ,,hel, Oats. 690.000 bushel, vs. 620,000
bUtf!... Whe.t. 1.129.000 bushels vs.
, ,nn,i(i k,..h.l Corn. 1.489.000 bushels
vs 714.000 bushels. Oats, 530,000 bushels
KOsI tUtf. itieihsl
Clearances: Wheat, 809,000 bushels. Corn,
17.000 bushels. Flour,
24.000 barrels.
Foreign Exchange.
Foreign exchange rates at the close of
bnslnes. yesterday, furnished bv Isorth
...... m National bank of Port.and. The
., ouoted Is the equivalent of
foreign unit In United States funds:
Country, rorei.n .
Austria, kronen.
th.
Rate.
.$ .0012
Minneapolis Grain Market.
MTVNKAPOLI3. Oct. 20 Barley, 82'9
30c. Flax. No. 1, $1.70 Iff 1.75. Wheat, Dec,
$1.17; May, $1.16jj.
Winnipeg; Grain Market.
WIVNIPEO, Oct. 20. Cash wheat. No.
I Northern. $1.00: No. 2. $1.07; No. 3,
$102; No. 4. 94c; No. 5. 66c; No. 6,
'"Futures: Oct., $1.09; Dec, $1.06; May.
$1.U.
Grain at San Francis co. V
SAN FRANCISCO. Oct. 20. Grain
Wheat, milling. $1.901.95: feed. $18002;
harlev feed, $1.20ttl.23; shipping. $1.301
137 oats, red feed. $1.5091. 00; corn,
white F.gyptlan, 1.70ftl.8O; red mllo,
II Hay Wheat, No. 1. $18318: fair, $1$
16: oat. tame, $13(S13; wild. $100712;
alfa'.fa. $124il5; stock, S(&10; straw.
$10 12.
Seattle Grain Market.
SEATTLE, Oct. 20. Wheat, hard white,
soft white, white club, soft red winter,
northern spring. $1; hard red winter, $1 02;
eastern red Waila, Use; Big Bend blue
atem. $1.08.
City delivery: Corn, whole yellow. ?S7 .
cracked $39: feed meal. $39; barley, whole
feed $34: rolled. $36; ground. $36; clipped.
$41- oats, whole feed, $36; rolled. $38;
ground, $38; eproutlng. $41; wheat, re
cleaned feed. $43; all grain chop. $88;
chick feed, 37: chick mash. $34: growing
feed $33; growing mash, J52; egg mash.
No B M, $47; scratch feed, $46: wheat,
mixed feed. $23; eocoanut meal. $27: lin
seed oil meal. $50; soy hean meal, $58
Hay Alfalfa. No. 1. $20: mixed. No. 1,
$22; timothy. No. 1. $27; straw. $18.
Crude OH Price. Advanced.
PITTSBL'RO, Pa., Oct. 20. The fourth
Increase In the price of crude oil this
month waa announced here today by the
principal purchasing agencies at the open-
f minimi
We m and reoiiuMBi
for Investment
City of Vancouver
WASHINGTON
6y2
General Obllsratloa
Refunding- Bonds
Vancouver haa been a com
mercial and banking- cen
ter for a thickly popu
lated agricultural section
of WaahlnKton for many
years and enjoys a splen
did financial reputation.
Exempt from all Federal
Income Tax.
Price 102.13
to Yield 6
Complete details on
request.
BOM) DEPT.
Open 8:80 to 6. Sat 8:30
to 2.
LADD & TlLTON
Bank
WASHING1HJ.N A i' THIRD
H
VncBirnixL crrv sash.
MfrVVbV! .
Federal
Land Bank
Ten Twenty Year
5 Bonds
DI E MAT 1. 10411
Not redeemable before May
1, 1031
Exempt from federal, state,
municipal and local taxation
Price 100 nnd aecrned Interest
Yielding S
Circular on requeat for AR-425
The National City
Company
Office's In more than BO cities
Teon Hldsr Portland.
Slain 0072.
A few dollars
will start a perma
nent income for you.
Ask us about our
Easy-Payment meth
od for acquiring long
term bonds at present
prices
sL aiT.. i r . -r
VFREEMAH
smiin
ROUND PLODS) CAMP
LffatBaasfSMS uilmhs) ,
ruTM aao T aW
Guaranteed Results
When you Ret Warrenlte - Bltu
llthlc pavement you not only get
the accumulated results of years
of study and effort, but you obtain
the services of the beet engineers.
Thus, In every department of the
work the taxpayer is guaranteed
the results he p a y 8 for. AK
RE KITE BITULITHIC has built
up its enviable reputation as a
result of this policy. Us makers,
havlns: provided the best pottHlble
specifications and materials for
the particular needs cannot then
permit a mechanical error o
jeopardize the good name of their
product.
HERRIN & RHODES, Inc.
Established 1896.
BROKERS
vw Tork Blocks. Bonds. Grain. Cot
l'riviLe Wires. Members Ciilcaso
Hoard of Trade. -201-$
Railway Kxchenire Bld.
Tslepbon. Main 283-284.
Cascara Bark
Hides, Wool, Pelts. Mohair.
We Are In the Market.
Writ, for PVlces and bntpplnc Tsa
P0BTI.ANI Hint? a WOOI, CO.,
OKOROB M. BUI. I.IVAN. Manaser.
107 I nlon Ave. N., Portland, Or.
4
1