Morning Oregonian. (Portland, Or.) 1861-1937, October 29, 1921, Image 21

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Morning Oregonian., October 29, 1921, Page 21, Image 21

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Newspaper Page TextTHE MORNING OREGOXIAN. SATURDAY, OCTOBER 29, 1921 2L LEADING WOCL BUYER FORESEES HOST ERA Business Is Expetted Soon to Be on Up-Grade. r CHARLES WEBS IS HERE Pbiladclphiun Declares Industry lie JU-pr.esents Will Come Into Own Again Before Long. Charles J. Wbb of Philadelphia, m of the best-known wool men in the United State, who is now In Portland buying wool. Is an optimist on the business situation. He be lieves that business affairs will soon be strongly on the up grade and that the Industry, which has suffered keenly, will before long come Into Its own again. "The most glaring faot that has come to my notice since I left Chi cago Is the indomitable will power of the western man. and particularly the sheep herder and the man con nected with the sheep business. It makes no difference how hard they have been hit and how much money they have lost, they all say the same thing: 'We will come back.' " said Mr. Webb yesterday. Psychology Is Noted. The psychology of the fact that men all eay, "We will come back,' produces a most wonderful uplifting condition' that I have never witnessed in any other part of the world. "The bankers also seem to have traveled on a very broad gauge, and are all willing to assist the men that will come back. They are all going forward with courage and optimism which makes me proud to know that I am connected with a business that is conducted by such men. "I once knew a man who had ner vous prostration and got well when a great many of the specialists had said it was impossible. The underlying reason for his recovery was that an eminent nerve specialist kept him saying all the time to htmeolf, 'I will get well I will get well.' It cost him a lot of money for this advice but he got well Just the same. A great many so-called experts of the disease Bald it was Impossible. Now this great slo gan to hear everywhere "I will come back' to my mind will produce a cure for the disaster that has over taken the sheep Industry of this coun try. "After all, a spirit of this kind Is worth more than real money, because one can lose money and come back, but if one loses the confidence In his own ability to come back, he has lost everything. Growers Are Congratulated. "I congratulate the wool growers and the bankers alike for their won derful come-back qualities, which Is the last analysis of what makes this country such a great nation. "It Is my belief that our troubles are 'almost over 'and after a few in termediate conditions, such as rail road rates, rents, wages, and Interests take their proper places In the-defla-tlon of the nation, then the up-wave will commence. After all, business is only a reproduction of nature in every respect. It is like the waves of the ocean. It commences to roll upwards until it gets so high and then breaks. It always has been so, and it always will be so because It Is natural. "We have one lesson to learn. More Important than any other particular thing 1 thrift and economy. We must never again spend money as fast or faster than we make it, be cause If we do, we will have the same troubles that we are facing now. We must learn to conserve our wealth on the upwave so that we will have a cushion or an air brake to fall back on when the wave breaks, for break it will It Is as inevitable as the laws of gravitation. "Again I congratulate the sheep men and their banking friends. If they have a collateral. Just as long as the grass grow and the water runs, which Is furnished by God Al mighty, their collateral will come back. "It Is better than the mortgage on a factory because the factory may be unable to run and the collateral in this case becomes a liability in stead of an asset. Therefore, happy should the man be who has his money Invested In the ehecp-growing busi ness." QUOTATIONS ON DAIRY PRODUCE Current Prices Ruling en Batter, Cheese and Eggs. ' PAN FRANCISCO, Oct. 28. Butter Kitra, Klc; prime firsts, 40c; firsts, nom inal. Eggs Egtras. 9Hc: extra firsts. 6Tc; extra pullets, 62 Vic; extra pullets, firsts, sbSc: undersised pullets. No. 1, 41ftc. Cheese California flat fancy, 29 Vic; California Young America, 29c. NEW YORK. Oct. 28. Putter Steady. Creamery, higher than extras. 49S 4914c; creamery extras. 48 He; creamery firsts, 39fa47Hr; packing stock, current make. No 2. 2lH:i0c. Firirs Unchanged. Cheese Unchanged. CHICAGO, Oct. 28. Butter Firm. Creamery extras. 4rte; firsts. 86Uj44Hc; seconds. lUti.15c; standard!, 40HC. Eggs Unchanged. Itecelpta, 2068 cases F BATTLE, Oct. 2. F.ggs. local ranch, white shells, oc; do. mixed colors, 56c; nutlet. 40 il 410. Butter t'lty creamery. cubes, 46c; bricks or prints. 4c. Coffee Futures Stranger. NF.tV TOIIK, Oct. 2. The coffee market showed renewed activity and srrengtn to- iliw. tort eiirly RdvunceB were followed by relictions under realizing. The opening was two to 19 points higher and the more active position sold l. to .i.i points aoove lust nlsnt's closing figures before the end of the first hour, with December rela tively firm on continued buying by brokers with Brazilian connections. The price of thit delivery advanced to 8. 15e, making n new high record for the season, while March sold up to a. 10c. compared with 7 ,".V'. the recent low level.. I'rofit tk tug then became active and there were renctl.ma of 2o to 25 points from the best with M.irch selling off to 7. 83c In the late trndiiig. That delivery closed at 7 S4 with the general market closing Irregular net -i points asgher to 14 points lower, lata months lieiug relatively easy. Sales were estimated at about lli.OOO bags. (vtober, , li.ic: December. 7.9Vc: January, 7 Jc; March. T.4c; May, 7.87c; July. T.imm' ; septi-mber, j.inio. ripot coffee was reported In fair de mend it S to fc4 for Kio 7s and 11 to l. xor juntos 4s. Metal Market. NEW YORK, Oct. 28. Copper steady. Electrolytic, spot and nearby. 13c; later, 13 ii 131, c. Tin steady. Spot and nearby, 2Sc; fu tures. -vd.c. Iron steady and unchanged. Lead steady. Spot, 4. Til g 4.75c. Zinc quiet. Kast St. Louis, spot, 4.60c. Antimony, spot. 4.75c. ' 1,ondon ool Market Firm. LONDON. Oct. 28. The wool auction sales closed today with ofrerlngs of 11,361 bales. Prices were firm. A feature of the sales has been the strong demand by the home trade, which absorbed the bulk of the ofrerlngs. Compared with the September prices. merinos closed 12 Si per cent higher, while cross-breds also advanced, fine and me- dium, TV per cent and coarse 10 imr cent. The borne trade during the sales bought 103.000 bales and the continent 47.000 bales. Five thousand bales were not disposed of. Boston Wool Quotations. BOSTON. Oct. 28. The Commercial Bulletin tomorrow will publish wool quo tations as follows: Scoured basis Texas fine. 12 months. 65 975c; fine, S months. 50?55c. California Northern 70(61 75c; middle county. 65ft 6Sc; southern. 50-u 55c Oregon Eastern No. 1, staple, 78 9 80c; fine and fine medium combing, 701174c; eastern clothing, 60f65c; valley No. 1. 85 ra 70e. TerrltoiT Fine staple, choice, 80T85c: half-blood combing, 6872c: H -blood combing, 50i&55c; -blood combing, SM 42c; tine and fine medium clothing, 609 65c; fine and fine medium French comb ing, 6570c. Pulled Delaine, SOtg 83c; A A, 76 80c; A supers. 604? 75c. Mohair Best combing, 27930c; . beet carding, 22 25c. New York Sugar Market. NEW YORK, Oct. 28. Raw sugar, cen trifugal, 4 00c to 4.11c; refined, fine gran ulated, 5.20 5.30c. Dried Fruit at New York. NEW YORK." Oct. 28. Evaporated apples Nominal. Prunes Moderately active. Peaches Quiet. WHEAT- DEMAND BROAD CAIXIX6 OFF OF STRIKE LIFTS CHICAGO MARKET. I WOOL MARKET Eastern Buyers Drawing on Warehouse Stocks. few small lots of southern Tokays came la and the beet sold at $2.502.74. Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland 14.U2S.682 $ 683.641 Seattle 4.3X1.137 l.SttS.SSf Tacoma 3H0.306 81.873 Bpokana 1.838.411 . 708,1 60 PORTLAND ' MARKET QUOTATIONS Grain. Flour, Feed, F.tc. Merchants' Exchange, noon session: -Bid- Wheat Oct. . Nov. Dec. PRICES HOLDING' STEADY All of Gains Are Held at Close. Export Business Is Still Halted. ' CHICAGO. Oct. 28. Wheat took an up ward awing- In prlc today, helped by the calling off of the railroad strike. Clos ing; quotations, although unsettled, were 1H to 2 cent net higher, with Decem ber $1.06 to 11.08 and May $1.13 14 to $1.13 -. Corn trained lHc to lSWmc and oats c to lfec. In provisions the outcome varied from ii5 cent decline to 5 cents advance. Only moderate strength showed Itself la wheat at the opening, and the buying was far from being of an aggressive char acter. Loiter, however, bulls displayed more confidence and there were material gains, with practically all of the advance being held at the finish. Aside from the rail strike settlement, the chief stimu lating factor was an estimate that the yield this season In 39 countries was 154, 000,000 bushels less than last year's total. On the other hand, export business ap peared to be at a halt and bears declared that higher values would be difficult to obtain, pending the removal of export congestion. Oom plaints of dry weather continued, especially from the southwest, where the lack of moisture was said to have Jeopardized the. new winter crop. Corn and oats rose with wheat. Be sides, unfavorable husking returns from Illinois had considerable effect on the corn market. Provisions were lower most of the time in line with hogs. Jauuary lard, how ever, was in demand by outside packers. Future trading in cottonseed oil was begun here today. Sales totaled 300,000 pounds t s.63t?a.73 for May. The Chicago grain letter, received yester day by the Over beck & Cooke company of Portland, follows: Wheat The tone of the market today was entirely different from what It has been lately, with a lot more encouraging news In circulation. The settlement of the proposed rail strike over night stimulated confidence at the start and as the session wore on buying power was further aug mented by persistent reports of the new winter wheat crop making poor progress. There are not a few statisticians who are of the opinion that wheat supplies are smaller than reported. The accuracy of the figures can not, of course, be deter mined until later In the season, but never theless the trade will recoftnize bullish possibilities In private estimates. Nothing was heard of export business today, but the leading seaboard news agency reported bngllsh cables showing a much Improved tone. The opportunities In our opinion are on long side of the futures market. Corn Showed an undercurrent of strength throughout the session and closed at the best prices of the day. There was no particular feature to the cash market, but the demand was fully equal to the supply and the spot basis was firm. Coun try offerings to arrive remain light. We fall to see where much advantage can accrue to the seller of corn f ut ures at present. Oats There was an Increase In trade In this market and sentiment appeared more friendly to the buying side. The cash mar ket was firm and the trading basis a shado better. Rye Buying led by eastern export inter ests gave this market strength. Hedging pressure by the northwest was less con spicuous. Cash was Inactive. Leading futures ranged aa follows: WHEAT. Open. Hleh. Tow. Close. Pec... I 1.07 S 1.08. S 1.06 U S 1.08 May... 1,10 1.13 W l.luV 1.13 CORN. Dee 47 .4RH, .471, .48. May. . . .53 W -64 2 -B4 OATS. - Dec... .33 .84 .32 .33 May ... .87 . .38 .37 Vi .38 MESS PORK. Jan . .... 15.00 LARD. Jan... 8.87 8.02 8 87 8 92 Mar... 9.10 9.15 9.10 9.15 SHORT RIBS. Jan .... .... 7.45 May 7.87 cash prices were: WheatNo. 1 dark northern, Sl.SStt; No. 2 hard. $1.09. Corn No. 2 mixed. 474 48c: No. 2 yel low. 48484. oats 2s o. z wnite, stssc; No. 8 white, 30 & 32 Rye Nominal. Barley 50 st 54c. Timothy $4.50 -ff5. 50. Clover seed 12 18.50. Pork Nomina.. Lard $0.65. Riba $5.5007. Primary Kcefpts. CHICAGO. Oct. 28. Primary receipts Wheat. 1,285.000 bushels against 1.64,OO0 bushels. Corn, 670,000 bushels against 388,000 bushels. Oats, 4411.000 bushels against 634,000 bushels. Shipment Wheat. 1.073.000 bu?hN gainst 976.000 bushels. Corn, 683. 0O0 buahels against BH2.000 bushels. Oats, ill.wu bushels against oo4,uo bushels. Clearance Wheat, 1.115.0OO bushels. Corn. 159,000 bushels. Flour, 25,000 bar rels. Minneapolis Grain Market. MINNEAPOLIS. Oct. 28. Cash wheat. No. 1, dark northern. $1.29 ; No. 2. $1 24 130U; No. 3. $1.15 ft 1.25; No. 1 northern. $1.28 Q 1.31 : No. 2. Si. 24 1.27; No. 3. $1.14 f 1.22; No. 1 hard Montana, $1.20 ftU.22. Hariey, 34 ft 53c. Klax. No. 1, $1.75ft1.82. Futures Wheat, December, $1.22; May, $1.20. Winnipeg Wheat Market. WINNIPEG. Uct. 28. Cash wheat. No. 1 northern. $1 11 1; No. 2. $1.08-; No. 3, $104: No. 6. 8lc: feed. 71c. Futures October, $1.11; December, l.uu; May, $1.14. Grain at San Francisco. SAN FRANCISCO. Oct. 28. Grain Wheat, milling. $1.8Q1.5: feed. $1,900 1.95; barley, feed. $1.22 1.27 ; ship ping. $1. 801.37; oats, red feed. $1.50 1.65; corn; white Egyptian, $1.7001.75 red mllo. $1,656? 1.70. Hay Wheat. No. 1. $118. fair $18ft alfalfa, $12ftl5; stock. $8ft9; straw, $10 1- Seattle Grain Market. SEATTLE. Oct. 28. Wheat, hard white. hard rd winter, W-0; soft white, white club, S'ft red winter, $1.05; northern spring. $1.03; eastern red Walla, $1.02; Big il-nd blueatem. $1.14. City delivery Corn, whole yellow. $35 cracked. $37; feed meal. $37; barley whole reed, 34; rolled, 3tt; ground, $36; clipped. $41; oats whole feed, 436; rolled, $38; ground. $-18; sprouting, $41 ; wheat, re cleaned feed. $44 ; all grain chop, $38; chick ffed, $57; chick mash, $53; growing feed. $55; growing mash. $31; egg mash. No. B. M-. $48; scratch feed, $45; wheat, mixed feed. $23; cocoanut meal, $30; cot tonseed meal. $46; linseed oil xnoal, 360; soy bean meal, $62. Hay Alfalfa, No. 1, $20; timothy No. 1, $27; straw. SIS. Local Mills Using More Wool Than Ever Before Plants Run ning to Capacity. A rood demand for wool exists In the local market and warehouse stocks are be ing steadily reduced. Prices are on a healthy, even basis. Between 8,000,000 and 10,000.000 pounds of wool are stored In this city and there. Is reason to believe a place can be found for all of It if the sellers will agree to terms. The Inquiry is mainly for medium grades. There Is not much call for fine wool and there Is little of this grade here. An Important factor in the movement Is th tuylng being done by local mills, which are taklmr more Oregon wool this year than ever before. These plants are mostly working to capacity and are en Joying the largest year's business they have ever known. The market for their product Is not confined to home territory and some of them are filling orders for goods to be shipped to points as far dis tant as the south Atlantic states. Concerning the situation In the east, mall reports from Boston say: Territory wools are generally well in hand. Further shipments are coming; from the west by the Panama canal route. one steamer having arrived here during the week from Pacific ports with a big block of wool. Territory wools are being graded as rapidly as possible. Most of the larger handlers having big lines to be delivered on previous contracts. Fine and fine medium Territory ts quiet, both for staple and wlothtng lots. The former are quoted at 80 cents to 83 cents and the latter' at 65 cents to 70 cents. Half-blood staple Is around 65 cents to 07 cents. Less desirable lots of strictly clothing wools cannot be quoted above 50 cents to 63 cents. 'Medium Territory wool continues to at tract considerable attention, especially from the knitting-yarn spinners. Sales have been made of good new-clip quarter- blood at about 40 cents clean, while some old wools are to be had at 8B cents to 38 cents. Stocks of old wools of this grade are decreasins; steadily. For three-eighths- blood, good new wools are 50 cents to 92 cents. Predictions sre being made freely that the coming winter will see a sub stantial advance In this grade, following an actual shortage of choice wool. Advices from Australia Indicate that American Interests are operating; In wool. with the markets strong. A cablegram from Adelaide reports offerings of 14.000 bales sold on one day. with England and America the principal buyers and with the market advancing. Warp 64s show a cost of 67 cents clean, on the basis of wool landed here with exchange at $3.84. A Sydney cablegram reports the market there excited, with England buying at a basis which would mean 76 cents clean for wool laid down In Boston. It Is understood that purchases for America are being made In South America and that the wool bought Is to be shipped to this country in the hope that the duty when the mool Is taken out of bond will be something- like 4 to 8 cents. OREGON 8P1TZEXBERGS AT CHICAGO Extra Fancy, Medium Slxe Average $2.40 at Auction, New York Market. Oregon Spltzenbergs at the Chicago suc tion, sold at $2.132.90, averaging $2.40 for extra fancy medium. The New York market was reported slightly weaker with boxed supplies heavy and the demand light. Prices to jobbers on northwestern fruit ranged as follows: Jonathans, extra fancy to large, $2.30 2.65. few large high as, $2.75; small. $2 25 2.40, fancy, medium to large. $2 30tf2 W). small, $21T2.15; C grade, all sixes. $1,759 2 15. Delicious, extra fancy, large, $4ft 4.25, fed $4.50; medium mostly $8,509 8.75; small,$33.25. Winter Bananas, ex tra fancy, large, $3 03.25. few hiffh as $3.50; small to medium. $2.25ft2.75, most ly $2.50. Homes, extra fancy, large, $3 8.25. few $3.50, medium $2.5092.75, small $2.0092.25. Spltzenburgs, extra fancy to large, $2.753, few lasge $3 25, small $2.402 5O, fancy, medium to large. $2.24 9 2.50, C grade, all sizes, $22.23. ALL WHEAT BIDS ADVANCED Local Market t Cents nijrher Became of Strike Settlement. The wheat market responded to the settlement of the threatened strike, and prices here followed the upward trend of eastern markets. All wheat bids at the Merchants Exchange were 2 cents higher than Thursday. Business was of moderate proportions and no improvement was re ported. In the export situation. The coarse grains were also firmer. Oats blda were raised $102 and corn 6Oc0$l. No barley bids were posted. The Northwestern Miller's compilation of the world's wheat crop. Including; 80 coun tries, makes, a total of 3,013,264,000 bush els, or 154,000,000 bushels under last year. Terminal receipts. In cars, were report ed by the Merchants Exchange as follows: Wheat. Brly. Fir. Oats. Hay. Portrnd Friday 155 3 6 3 12 Year ago .... 41 a 1 1 4 Season to date.. 14.611 111 878 424 S93 Tear ago 6,183 69 235 216 643 Tacoma Triors.. 36 - 1 1 Tear ago .... 25 4 . . 4 Season to date.. B.148 73 601 73 307 Year ago .... 2,513 105 151 123 762 Seattle Thurs... 9 .. 10 .. 12 Year ago ... . 32 1 . . 1 1 Season to date.. 8. 512 103 843 234 639 Year ago 2.244 117 132 132 766 Increase In Wheat Shipments. World shipments of wheat last week and the same week last year were: -Week Endlnr Oct. 22. "21. Oct. 23. '20. XT. S. and Canada. . .11,043.000 10..v;.OOO Argentina Stl.OOO 2l5.fHrO Australia 2.144,000 1,272.000 Hard white $ 105 $ 1.05 $ 1.05 Soft white 1.03 1.03 - 1.03 White club 1.03. 1.03 1 03 Hard winter 1.03 1.03 1.03 Northern xprlng 1.03 1.03 1 03 Red Walla 98 .98 .98 Oats No. 2 white feed.... 26.0O 26.00 27.00 No. 2 gray 25.00 25.00 25.00 Corn No. 2 E. T. shipment 26.00 26 00 24 00 No 3 E. Y. shipment 25.50 24.50 24.00 FLOUR Family patents. $7 per barrel; whole wheat, $6.20; graham, $6; bakers hard wheat, $7.05; bakers' bluest em pat ents. $6.55; valley soft wheat, $5.60; straights. $5.25. MILLFKED Price, f. o. b. mill; Mill run. $22 per ton; rolled barley. $34 936; rolled oats, $35; scratch feed, $47 per ton. CORN Whole, $34; cracked, '$36 per ton. HAT Buying price, f. o. b. Portland; Alfalfa. $15 per' ton; cheat, $12912.50; oat and vetch, $14914.50; clover. $12; valley timothy, $15915.60; eastern Onegos timothy, $18918.60. Dairy and Country Produce. BUTTER Cubes, extras, 42 9 43c lb.! prints, parchment wrapped, box lots, -47c; cartons, 48c Butterfat. buying prices: No. 1 grade, 47c, delivered Portland. . EGOS Case count. 47 9 60c ; candled ranch, 60 9 55c; association firsts. 67c; as sociation selects, 60c; association pullets, 43c. CHEESE Tillamook triplets, price to jobbers, f. o. b. Tillamook, 26c; Young Americas, 27c pound. POULTRY Hens, lT927o; springs, 20 922c; ducks, 20 25c; geese, nominal; tur keys, live, 35c pound. PORK Fancy, 139 14c per pound. VEAL Fancy, 12ftl3o per pound. Fruits and Vegetables. FRUITS Valencia oranges, $698.50 per box; lemons. $5 97.75; grapefruit. $4.5098 pet box; bananas, 8ft 8 c pound; apples, II 25 a 4.25 box; pears, $1.7092.75 box; huckleberries. 1015c per pound; grapes, Oregon Tokays, $2.25 9 2.76 per lug; Ore gon Concords,- 5ft 6c per pound; California red Emperors, 10c per pound; Califor nia Cornlchons, $2.75 per lug; casabas, 2 ft 3c per pound; cranberries, $5.50 ft 5.75 per box; pomegranates, $3.50 per box; quinces, $3.25 per box. POTATOES Oregon. $1.7692 per hun dred; Yakima. $29223 per hundred; sweet potators, 495c per pound ONIONS Yellow, $44.50 sack. VEGETABLES Cabbage, 22c pound; lettuce, $2.50ft2.75 crate; carrots. $1.50 ft 1.76 per sack, garlic, 10 9 20c per pound; beets, $292.25 per box; cucumbers, 759 y;.c per box; beans, 12 15c per pound; celery, 70cft$l per dozen; green peppers, 6910c per lb.; cauliflower, $1.2591.50 per dozen; pumpkins, 2c per pound; squash, 2c pound: sprouts, 17c pound; toma toes, $1.2592 per box: turnips, $292.50 per sack; parsnips. $292.50 per sack. Staple Groceries. Latest jobbing quotations: SUGAR (sack basts) Cane, granulated, 6.35c pound; beet, 6.13c. NUTS-4Walnuts. Manchurian. 20 9 24c pound; Brazil nuts. 18ft20c; filberts. 20 25c; almonds, 26 ft 27c; peanuts, 8e per pound. RICE Blue Rose, 7c per pound; Japan stvle. 6c per pound. BEANS Small white. 8.85e; large, white. 3.85c ; pink. 7c; lima. 797 o red. 7c per pound. COFFEE Roasted, bulk. In drums. IB 93sic per pound. SALT Granulated. bales, $3.20f?4 05; half ground, ton 50s, $17.25; 100s. $16.25. HONEY Comb, new crop, $6.60 9 7 per case. DRIED FRUITS Dates. $7 per case; figs. $1.4093 73 per box; apples. 16c lb.; peaches, 15917c; apricots, 23926c; prunes. 7 9 12c. Hides, Bops, Etc. TALLOW N- , 4c ; No. 2, 8c per pound. CASCARA BARK 5o a pound delivered. Portland. HOPS 1921 crop, choice. 26c pound; olds. 15c pound. HIDES Fresh cured, 6c per pound; bulls, 4c; calf, 12c per pound; kip. 7c; dry hides, 9c; dry salt hides. 7c per pound. PELTS Dry pelts, full wool, 810 pound; salt pelts, 36 950c each, according to size. WOOL New clip, 8ft20c per pound, MOHAIR New clip, 16o per pound, de livered Portland. HARDEST WORKERS DECLARED THRIFTY Failure of Europe to Get Down to Business Seen. CONDITIONS ARE STUDIED Head of American Thrift Society Asserts Willingness to Toil Is Vital to Progress. "PeoDfc who work hard generally are thrifty," S. "W. Straus, president of the American Society for Thrift, who has been making a study of condition! In Europe, said recently upon hla return. Starting with the remark on hard work and thrlftl ness, Mr. Strau. call attention to the un wllllngnes. of European- people, to get down to hard work. "Perhaps the chief lesson to be learned from a study of economto oondltlons In Europe today la that the principal safe guard of national stability, progress and happiness is hard work," he said. Willingness to Work Needed. "What all humanity needs is ths spirit of willing work. This may seem a some what anomalous statement when we think of the hundreds of thousands of workers who are idle m this country today, but American unemployment is only a passing phase of the economic situation. The fact till remains that progress Is baaed very larxely on mankind's willingness to work. "These . observations are made after a period of seven weeks spent In a study of European conditions, where the root of dis order undoubtedly consists of a somewhat widespread unwillingness to get down to the brass tacks of hard work. One sees In Europe too much of a tendency to spin out Jobs so that four or five men are paid for what one man really should earn; too much dependence on the government to provide the necessities of life without a corresponding willingness to work for them; and too great a tendency to haggle over conditions and demand the final farthing. Working People Happiest. This does not mean that all the work men who are Idle abroad are In that con dition from choice. The voluntary idleness of one group of men often causes the in voluntary Idleness of many others, and work for one section of labor often means work for many more. There are said to be 2.000.000 men Idle In the building trades in the United States today, and It Is safe to assert that If all these men could ob tain employment it would not be many days until every working man In America who desired a Job could get it. 'Idleness also has a deteriorating effect on morale. The happiest people are those who work; the unhapplest are those who are idle whether It be voluntary or en forced Of the sum total of unemploy ment in Europe, some of it is unnecessary and is the direct result of governmental coddling. The spirit of hard work is neces sary to human happiness and social prog ress; and any nation that attempts to solve Its economic problems by any other means Is temporising. No nation of hard workers ever failed." Total 13.243.000 12.026.000 Shipments for the season to date com pare as follows; Tntal Since Same Period July 1. '21. Lam Sen son. TT. S. and Canada. .185.S3.ooo ion.5.is.ono Argentina 13,l2.niiO SS.71S 0O0 Australia 20.432.000 12.27rt.KM) Others I.&06.OOO 128.000 Total 201,046,000 211.874.000 Wheat and flour exports from North America this week were 9.500,000 bushels and corn exports 1.000,000 bushels. Argentine shipments this week were 265.000 bushels wheat and 1,561,000 bush els corn. The Oregonian publishes practi cally all of the want ads printed In the other three Portland papers, in addition to thousands of exclusive advertisements not printed in any other local paper. No Change In Print Batter. There was no scarcity of butter on the market yesterday, but cube prices held steady. A carload was shipped to Cali fornia. No change In print prices today or Monday is contemplated The egg market was steady, with a very wide range quoted. Poultry was lo, good supply with springs the weak feature. Dressed turkeys now being received are generally too thin for the market. Co.untry dressed meste were slow, with veal weak. Cornirhon Grapes Offered. Comichon grapes were offered on the market yesterday at 12.73 per lug. A car of California Malagas arrived and they were unchanged at 10 cettta a pound. Provisions. HAMS All sizes, 29 Sic: skinned, 8S0: picnics. 18c; cottage roll. 22c BACON Fancy, 40 S 45c; choice. 219 62c: standard. 232c. LARD Pure tierces, 14c pound; com pressed tierces, 14c. DRY SALT Backs. 1023c; plates, 18o. Oils. LINSEED OIL Raw. In barrels. 89c; B-gallon cans, SI. 04. Boiled. In barrels, 01c; 5-gallon cans, SI. 06. TURPENTINE In drums, 1; 5-gallon cans. $1.15. WHITE LEAD 100-pound kegs. 12c per pound. COAL OIL Tank wagons and Iron bar rels. 17Hc; cases, 8037o. GASOLINE Tank wagons and iron bar rels, 26c; cases. 38 He. WHOLESALE AND JOBBING BETTER Industry More Active With Unemployment Decreased. NEW YORK. Oct. 28. Bradstreef to morrow -will say: Pending final action on the announce ment of the intention of some railway employes to go on strike, the rest of the country this week went about its busi ness with rather surprisingly little hesi tation and, it must be noted, with a good deal of confidence expressed that the threatened tieup would .not occur, even if the strike did. Irregularities have been visible, some of them due to strike talk, but more grow ing out of varying weather conditions, sea sonal needs for foodstuffs and fuel, pre dictions of lower -freight rates affecting prices of Important staples ana uncer tainties a to yields or prices, or both, of leading farm produots, notably cotton and rraln. Wholesale and Jobbing trade has been rather better, strike talk as a whole be Jr still somewhat of a stimulant to buying and prices, especially In live stock, foodstuffs, some lines of dry-goods and coal. Retail distribution has been very Irregular, but probably slightly above that of the week before and Industry haa been more active with unemplojment again slightly decreased, while collections have been a shade better. Weekly bank clearings were 96,248, 501.000. SAN FRANCISCO PRODCCE MARKET Prices Current on Vegetables. Fresh Fruits. Etc., at Bay City. BAN FRANCISCO, Oct. 28. Poultry. Kens. 25 33c; young roosters. 20 Q 25c; old roosters. 1618c; young chickens, 8050c; ducks, 209 22c; dressed turkeys, 00fo2c; live turkeys. 35$ji4c. Vegetables Artichokes. S9.0011 case; souaah. 75C&S1.25 a 40-pound lug: pota toes, S2. 25 4i 3.75; onions, yellow, 13.26; brown. I4.00to4.2-V crystal wax, .3.00; to matoes. $1.2.1.73 a lug; olives, &a&c s pound: cucumbers, a0cra.si.2o a lug; pep pers, 50965c a lug; beans, string. 8Q60; limas. ata&c; carrots, 51.uou1.2o a sack eggplant, fl.001.25; celery. $2.0003.50 a crate; peas, Sou12iO a pound; sprouts, 668c a pound; corn and lettuce nominal. Fruit Oranges. Valencia. I4.00&6.50; lemons. 3.009 5.25; grapefruit. 4 (XH4 75 apples, SV. and 4 tier, tl.153.50; straw berries, per crate, 1.50j2.25; raspberries. per drawer, 75tfVOc: grapes, seedless. S4 per lug; others S2.25&4; wine, per ton. S120ID-135: pears, per box. S2.50&)4.00 prunes, per crate, $1.501.75; cranberries. per box, S5.00&5.5U; blackberries, peachea cantaloupes, figs, plums and watermelons nominal. Receipts: Floor, 2120 Quarter sacks: wheat, 800 centals; barley, 5123 centals; corn, 50 centals; potatoes, 3571 sacks; on ions, 155 sacks; hay, 165 tons hides, 1043; oranges and lemons, 1600 boxes; livestock. btm head Naval Store. SAVANNAH. Ga., Oct- 28. Turpentine steady. 75c. Sales, 60: receipts, 295; shlp- .. Ana- mtniu -in mi Rosin term. Sales, 1345: receipts, 1440; shipments, 1011: stock, 86.028. Quote, B, D E, $4.154 20; F. O. S4.20; H. S4.20W 4.25; I. 14.35 & 4.45: K, 4 75; M, Sj.20 S.Si; WG, S5.45: WW, $3.60. Cotton Market. NEW YORK, Oct. 28. Spot cotton quiet, lilddilas, IV, 45a. . C O t.TOO 83 Colo F A I.. 800 24 Colo So 4"0 86 Colo G A S.. 4.400 62 Col Graph ... 6,7lH 8 s Con Gas '. SCO 91 V Con Cigars ... 200 23 Cont Can .... I.00O 4S Corn Prod ... 5.000 82H Cosden Oil .. 6.500 34 C K I 4 P 4,400 834. do A pfd do B pfd Crucible 19,900 do pfd Cuba Cane . . . 900 do pfd 1.7'0 Cuba Am Sug 1.300 Del at Hud.... 20O Dome Mines.. Endi Johnson. Erie do 1st pfd.. do 2d pfd.. Fam Players.. Fed M & S... do pfd ..... Flak Tire Gaston Wms.. Gen Cigars ... 700 Ge Elec .... 8.100 Gen Motors .. 8.500 Glen Alden Gen Asphalt . 47,100 Goodrich 600 Goodyear .... Granby 200 Gt Nor Ore... 1.600 Gt Nor pfd... 6.800 Greene Can... 100 Gulf S Steel.. 1,500 Haak Barker.. 1.5O0 Houston Oil.. 6.9IM) Hup Motors... 100 111 Central... 300 Inspiration .. 5,200 lot Agr Corp. 554 23 S 85 H 62 S 3 91 H 22 46V. 81 834 82 is 19,900 66 7t, 1S If 102 1R4 6 4k 12 18 12 65 3U0 2.100 2.000 900 2O0 16.300 65 ""th 17S 14 102 1814 69 124) 18V. 12. 63 1.700 11 Vi 11 38?4 134 10 43 62 V, 82 is "ieti 81 72 24 89 70 Vi 79 11 97 86H 58 130 Vs 9 43 Vs 59 82 80 71 24 88 69 77 11 97 85 55 I 24 85H 62 sk 1 25 46 82 , 83 V 83 78 67 65 82 7 18 14 101 18 69 12V, IS 12 64 5 23 11 R7 134 9 43 61 82 10 19 80 72 24 39 70 78 11 .98 86 7 do pfd 87 Interboro do pfd Interst Cal... Internat Har. do pfd Int Merc Mar. do pfd Int Nickel .;. Int Paper ... do pfd ..... Invino Oil ... Island Oil ... Jewel Tea ... K C Southern. K C Sou pfd.. Kelly-Spgfld Kennecott ... Keystone Tire Lack Steel... Lee Tire ..... Lehigh Val... Lorlllurd .... Lowe Theaters LAN North Am ... Mex Pet , Miami Mid States Oil 18,400 Mldvale Steel. 400 M K & T ... 8UO Mont Power Mont Ward... 2.000 Mo Pac 1,600 do pfd 6,400 M St P & S 8 M Morland Oil.. Nat Biscuit... Nat Enamel.. Nat Lead .... Nevada Con.. New Haven. . Nor A W .... Nor Pao .... N S Steel N Y Cen Okla Prod ref Ont Silver.... Ont & W Otis Steel.... Paclflo Dev.. Pao Ga A Elec Punte Allegro Pacific Oil... Pan Am Pet. do "B" Penna ...... Peo Gas Pere Mara... Pure Oil Phillips Pete. Pierce Arrow. Pierce Oil.... Pitts Coal.... Pitts & W Vs. do Dfd Pressed 9tl Cr Pullman Ray Cons.... Reading ..... Remington ReDlogle Steel Rep 1 & S oo pra Rep Motors MIL STOCKS ADVANCE INDUSTRIALS AXD MAXY SPE CIALTIES ALSO IIIGHEIt. Victory Notes at Best Quotation of Tear Most Liberty Bonds Close With Gains. NEW YORK. Oct. 28. The stock mar ket today responded to the abandonment of the proposed railroad strike by an active session. In which sales approx imated 1,000.000 shares ana leading rails. Industrials and many specialties scored ex treme gains of one to three points. Shorts contributed largely to today's movement, h MmmlHlnn houses reported a sub stantial Investment inquiry from local and out-of-town sources. steela eoulnments. motors, coppers u a wide variety of miscellaneous Issues con tributed their proportion to the day's large and diversified operations under pro fessional guiaance. rnn.Ao,i nils, the real feature of the past few days, continued to move forward. California issues again wcmi Inent. , , . Relaxed money conamonw .v..... " the upward movement, call money oe clinlnir from 6 per cent to 5 per cent at mid-day. in private nPBuuttnuu. loans were made at as low as yi 30 and 60-day accommodations also show ing slight concessions. All the irapormui i"lc,Bu " were lower. Biennis 1 "l - ' - - from the week's nignesx quuuwivii, declines of 3 to 10 points lor ira mi. o active continental remittances, excepting the French rate, wnicn was imii......i steady. . , . - Railroad bonds also etrengimjum the strike settlement and domestic Indus trials were moderately better. Victory notes were at highest quotations of the year and most liberty bonds closed at ad Leaders of the foreign division also strengthened. Total sales, par value. $14,875,000. CLOSINQ STOCK QUOTATIONS. (Furnished by the Overbeck A Cooke Co., Portland.. i , . T Sales. High. Low. 100 Advance Rum do pfd . . . . Agr Chera... do pfd .... Ajax Rubber. Alaska Gold.. Alaska Juneau Allied Chem. Allls-Chalm . do pfd Am Bt Sugar Am Bosch.... Am Can Co... do pfd Am C Fdy. do pfd Am Cot Oil.. do pfd Am Drug Syn Am H 4 Leath do pfd Am Ice Am Intl Corp Am Linseed.. Am Loco do pfd Am Saf Raior Am S Com. Am Smelter. . do pfd Am Steel Fdy Am Sugar. . - do pfd Am Sumatra. Am Tel & Tel Am Tobacco.. do "B" Am Wool .... do pfd ..... Am W P pfd.. Am zinc... Anaconda ... Assd Oil.... Atchison ... do pfd Atl a AW I. Baldwin Loco 81.400 do pfd Bait & Ohio.. do pfd Bet Steel "B" Booth Fish... B R T Butte C Z. . Butte & Sup.. Burnes Bros.. Caddo Oil Cal Packing.. Calif Pet po pfd Canadian Pao Cen Leather.. Cerro de Pasco Chandler Motr CAN W Chi Gt W do pfd ..... Chill Cop .... Chino C M ft St P... do pfd ..... Coca Cola.... 1.700 ""ioo 100 'iisoo 800 "ioo 400 8,900 100 800 's66 100 200 100 5.500 800 8.100 ""ano 200 2,200 oo l.ooo 5.100 400 4.000 1.200 1.100 2.100 7.400 " "i'nh 100 11,800 700 2,100 ioiioo l.ono 300 15.000 1.500 200 1.000 1.000 90 900 1,100 8.500 'i'.ino 8.4O0 8.100 6.100 1.800 100 100 6.100 1.BO0 2.OO0 8.600 1,300 18 13 "82" 'sivi 57 66 21 21 'ii" "-b 84 83 '27 '27 38 85 23 27 85 83 131 131 i9 '16 'io 62 62 B3 3 "i 85 83 24 24 92 91 "4 "4 6S 6S, 89 8S 7 75 25 25 54 53 7S 77 87 8 10 10S 12HH 125 123 122 77 76V4 '24 "24 9 9 41 40 104 103 86 85 '81 'SOS 91 90 8S 51 66 . ' 7 4 15 112 14 67 43 iis 2 sovt 45 V, 69 18 12V 28 Vi 25 SH 89 87 60 65 4 7 4 14 110V, 13 66 42 il2 2S 2H 44 7 7 18 12 25 4 24 87 80 Bid. 18 87 31 67 21 48 84 76 27 84 2S 85 130 110 1S 89 6 10 52 63 8.-, 24 92 107 4 6 89 76 23 53 77 86 V, 10 125 122 76 Vs 07 24 9 41 104 85 0 81 ' 90 97 87 60 66 4 7 4 14 111 1SV4 68 43 77 112 2M 80 44 6S 7 .16 12 28 24 8H So 400 400 800 1,200 "if6 600 6.1U0 5.800 ' ,400 8,500 1.400 1.8O0 400 S.3O0 7.900 60 8,600 3)0 1,900 8,006 100 200 1.7O0 200 606" i, 166 8. 1O0 1.4O0 12. tWO V.200 1.600 "4OO 100 "406 9i 0 85,700 ll.OoO 1.500 6.000 1.500 1.000 B.5U0 2.700 4.000 4.2O0 600 800 100 1.100 3.100 200 7.700 1.700 6.000 1O0 2.000 Ryl Dutch Oil 16.3UO Ry Steel Spg Sears Roe.... Shattuck. Aris Shell T A T.. Sinclair Std OH Cal... Slosa Shef.... Sou Pacific.. . Sou Ry do pid ..... St L & S F . . . Strom Carb... Studebaker .. Swift & Co... Tenn C & Ch. Texas Oil .... Texas Pac... T P C & O... Tob Products. Tran Con Oil. I'd OH Del... Union Pac... United Alloy.. United Drug.. Un Food Prod United Fruit.. U Rds of X J. do pfd U Ret Stores. U S In Alco.. U S Rub do pfd ..... U S Smelt U S Steel do pfd Utah Copper.. Va Chem .... do Dfd .. Vanad Steel.. Vivandou .... Wabash ..... do A pfd.. do B Dfd ... West Pao .... do pfd ..... West Union... West E Ac M. . West Md White Motors. Willys-Overld. do pfd Wilson Pack.. Wis Central... Woolworth ... Worth Pump. White Oil.... W & L E 6.500 200 1.400 34.9O0 1,000 800 8.1O0 4.900 )0tt 2.4110 1.200 35.600 ' V.300 21.400 1.5O0 8.700 3,900 14,500 13,500 4.4110 800 8i0 9,500 600 1 e 4 78 "io" 48 ' 14 65 "ii 10 25 60 42 23 10 42 28 63 'ii' 107 23 100 S3V4 14 26 1 'l9 20 43 'ii" 42 '.2 14 95 76 '72 2 '26 '61 27 7 46 44 30 V, 53 19 84 28 lf : 60 24 74 61 103 13 70 'ii' 51 80 8 48 85 60 6 85 24 84 8:1 79 19 45 23 34 77 99 8 42 23 20 65 9 24 121 25 63 13 113 9.100 8.500 6.800 600 400 41,100 60 4,600 "e.'ab'o 800 100 1.900 ""906 100 700 600 800 800 500 63 47 60 88 33 81 110 56 SS 8 7 21 'si" 67 84 45 1 4 77 "io" 4T 18 68 ..... 8 10 24 60 41 22 10 40 28 54 'l3 107 23 H4 22 13 23 V, 1 "is" 19 42 '23 "ii" 12 95 78 '71 2 'i9 9 "ei" 27 4 43 V. 48 V4 85 52 19 83 211 15 7 59 24 74 61 101 13 69 '24" 49 80 7 45 85 67 6 83 23 83 38 78 19 45 22 31 74 97 8 41 22 25 63 9 23 119 23 63 11 112 61 46 49 88 82 80 110 64 7 7 20 2o" 67 84 45 1 8 4 78 101 10 47 13 54 85 11 8 10 24 49 42 22 10 42 27 64 1411 13 107 23 1" 23 14 25 1 63 19 19 42 65 23 116 42 75 12 14 95 73 22 72 2 4 19 9 10 61 27 48 411 43 8J 63 18 33 29 15 7 39 24 74 81 101 13 70 21 23 60 80 8 48 83 68 6 85 23 83 39 79 19 44 22 33 76 99 8 42 Z 22 20 64 9 23 120 25 62 12 113 8 20 62 47 60 88 82 . 81 110 65 28 71 83 7 7 21 18 20 67 85 45 9 86 8 28 84 25 119 41 13 8 STATE OF OREGON HIGHWAY BONDS Dated November 1, 1921. Due Serially April 1, 1927 to October 1, 1946. Denomination $1000 FINANCIAL STATEMENT Assessed Valuation, December 31. 1620. $1,040,839,049.12 Total Bonded Debt (including this issue) 30,980,300.00 These bonds are Issued to provide funds for State Hifthway con struction, and are a direct obligation of the entire State. EXEMPT FROM AM. FEDERAL 1XCOMB TAX Legal Investment for Savings Banks and Trust Fund". Acceptable as eeourity for Postal Savings and all other public deposits. 1 ' MATURITIES AND PRICES 1927-8 To yield 6.25 1933-5 To yield. .....6.00 1929-30 "To yield 6.20 1936-9 To yieta 4.90 1931-2 To yield 5.10 1940-46 To yield... ...4.85 HIRE ORDERS COLLECT Ralph Schneeloch Company MUNICIPAL JiMRPCrrUTION fcOMBCRMENS BUILDING P0RtjNa Oregon.. Broadway 8208 1 da 1981 Can Nat Eq 7e Chicago N-W 7e C Mi St P nrf 4 A. Can Nor 7a Chile 8s Christiana 8a, City of..... Cojper Kxp 8s. .......... ( o .'!.'""!!!"!!!".... de Cu. an Arner Su(ar 8a Con Gas cv 7s DLa Match 7a -- ri.nirh 8s Danish Mud & . s French ezt 6e I . It l "11 l s c-fltirl Trunk 7s Goodyear 1 Oil 78 H.rth, 7V4s Int Rap Tr ref 5s ........ Int Mar a os Kennecott 7s Morris A Co Ti NYC call 7a Norway Ka Xorthweet Tel 7a ......... Ohio C O 7s. . ,( ran Amer u ............. Penna 6s San Paulo 8s Southwt Tel 7s Swedish Govt 6s Standard Oil N T 7a teel at Tube is Swiss 8s Sears Roe 7a do Polvsy 8s Pwlft A Co 7e Un Tank 7s TJ S Rubber 7s Wlbmn 1st as West Elec 7s ............. Westlnghouse 7e 86 86 6 8 27 27 1,000 311 85 400 2U 2A 400 120 119 800 41 41 9.BO0 14 13 900 8 8 BONDS. TJ 8 2s. re;....el00lN T Cen neb BW S do 2s, cou..."lo Xor Pao 4s 77 do 4s, reg-. . ."104 (Nor Pac 8a 68 do Cv 4s. cou.1044Pac TAT Bs.. 87 Panama 8. reg 76H!Penn con 4s. 8 do 8s, cou... 76lSou Pac cv 5a. . 91 a i oe x cv os. ivz isou itall as.... t Atchen gen 4s. 79iUnlon Pao 4.. 82 D Sl Rio con 4s 6S!U S Steel 5s... 99 Bid.1 liberty Bond Quotations. Liberty bond quotations furnished by uverDeca v cooke company or r'ortland: High. Low. Close. Liberty. S 92.64 92.40 92.42 do 1st 4s 93.10 do 4a 92.60 82.50 92.60 do 1st 4s ..93 38 113 10 93.20 do 2d 4s 92 .82 92.56 92.71 do 3d 4a 93 08 94.90 99.00 do 4th 4VS 93.18 92.88 93.04 Victory 4a 99.86 99.58 99 60 do O-Jfca WV.M 99.06 99.60 Boatoa Mining Market. BOirrON, Oct. 28. Closing quotations: Alloues 9 I North Butte 10V Ariz Com ...... 9 Old Dominion.. .23 Cal ft Aria.... niiosceoia o Cal & Hecla...240 IQulncy 40 Centennial ... East Butte... Franklin ..... Isle Royalle. .. Lake Copper. Mohawk 8 Superior 2 9 Sup A Boston... 1 a Shannon 1 l-H 51 Utah Coa 2 2Wlnona 40 52 I Wolverine 11 Swift Co. Stocks. Closing prices for Swift A Co. stocks Chicago were reported by the Overbeck & Cooke company of Portland as followa: Swift ft Co 99 Llbby. McNeil A Llhby 9 National Leather Swift International S4 Honey, BUrer, Ete. NEW YORK, Oct. 28. Call money. firmer. High, 6 per cent; low. offered and last loan, 6 per cent; closing bid. 4 per cent; ruling rate, 6 per cent. Call loans against acceptances. 5 per cent. Time loans, steady; 60 and 90 days and six months, 5 0 5 par cent Prime mercantile paper, eOS per cent. Foreign bar silver, 70 o. Mexican dollars, 54 c LONDON. Oct. 28. Bar silver, 40 d per ounce. Money, 2 per cent. Discount rates, short bills, 8 per cent; three months' bills, 8 U-lnfr 3 ter cent. Mew York Bonds. Vew Tork bond quotations, furnished by n.rrin a, Rhodes, inc.. ox rortiana: Am Tob 7s 1922 101H do aoi Ta lurmula 7s B 1929 97 V do 6s A 199 92 Armour cv 7s W-M 101 do 4s M Argentine GI 5 1945 75 Am Ag Chm 7s 1941 i4 Beth Steel 7s 1922 ln,r An 7m ....l'.l-S lWfc do Eq 7 19:15 98 -R.lltim F.vt 7U.S 11145 101 dS s 125 05 do 8s 1940 100 -R.rren 8s. CltV of 1945 101, Berne 8s. City of 1943 104 Braxll 8 141 9tt Canadian 6s mmuwmivm1M v .1931 ,.1935 .1030 .2014 ,.1940 ,.1941 ,.1945 , .19 22 ..11123 ..1924 ,.1925 ..1981 ..1925 ,.19.15 . .1945 ..1946 ..11K11 ..1945 ..1941 ..1940 ..1941 , .1933 ..1930 ..1966 ..1941 ..1930 ..1930 ..1930 ..1940 ..1941 . .192.1 . . 1 930 . .193)1 . .1936 ..1925 ..1939 ..1931 ..1951 . .11140 ..1922 ..1923 ..1927 ..1025 . . 1 930 . .1930 . .1924 ..1925 ..1931 93 103 1034 55 104 911 102 101 101 101H, 12 98 103 105 1113 ' 103 S 100 100 94 io:nt 1I4 9S 97 53 H 83 H 98 101 103 104 104 94 91 101 97 90 93 106 93 1"8 99 90S, 100 100 102 10n4 MS 101H 103 STOCK RUN IS SILL PRICES G EN ERA IX Y STEADY AT LOCAIj YARDS. Feeder Pigs Back to Former Quo tation of $10 to $10.25. Cattle Trade Quiet Ther a mall run of 4tock at tfe rrri ywterday, only fiv loatia blnc r Cfrived. Tradlnr wu qulot and without now fratura. Fwdor pigm, which rocontlr advanced a quarter, drovped back to th old price range of $10410.20. The hog mark tn ireneral waa ateedy. Cattla, hep and Iambi wtrre also unchanfed. Receipts were 73 cuttle. 17 calve 7 bofca and S3 8 sheep. The day eal were aa follow: Fore Urn Bonda, F"OreiCn Bona quoianona luruiBiicu w the Overbeck & Cooke company of port- inna: B' lKtHn rest 5e 0 do Drera tie. ........ ,v do ?s. 1945 100 101 do !.. 1021 -100 Mr. A. t 94 93 Braill 8s (new) 91 99 British 6s. 1922 H99 409 do 5s. 1927 390 400 do 5a 1 do vky 4s 01 Ull A . -a. 2K3 295 " Bordeaux 6s. 1934 86 87 .anaaian os. m.o do 5S. 199 1 i"- do 5s, 1957 9 90 Vi Ar. ft. lll'7 88 HI Chilean 8s. 1D41C 99 99 Currency 5 DenmarK tit, iwo ........... ..i"a-m rn Um miA 103 103U French 4a 1917 45 46 do 5s, 1920 5 66 French 5s, 1931 65 67 do 7 Vi. mil n-i -a '-- Ac, 8. 104.1 80 99 German W L Si 5 Bi-rlln 4s 4 5 Hamburg 4s 6V 64 do 4Vis 5V, 64 lipslg 4s 5 7 do 5s ............. 6 8 Munich 4s 6 7 do 5s 7 9 Frankfort 4s 6 7 Italian 5s. 1918 29 SO Jap 49, 1131 ,, Jap 1st 4V4S. 1925 85 85 u ,u. inn . Aft kr.lL Norway 8s. 1940". 104V4 103 Russian 5s. 1921 3 4 no Dia, lirjo .............. . o A. L lOlO 14 IB Swiss 5's. 1929 93 98 do fts. 1940 107 107 V K 6a 1921 99 100 V K Gs,'l022 f8 U K 6e, 1929 92 93 . rr ... - .nn. U 1 U Jk uni, IDd 1... ...... Wjm Foreign Exchange. Foreign exchange rates at ths close ef business yesterday, furnished by North western National bank of Portland. The amount quoted Is the equivalent of the foreign unit in United States funds: a ,..... ...... SO.OOl Belgium, francs .0718 Bulgaria, leva 0076 Ciecho-Slovakia, kronen 0107 Denmark, kroner ....... .191 England, pound sterling. 8.94 Finland, flnmark .0165 France, francs ........ .073 DnrmtnT. marks .......... a. ...... .0063 Oreece. drachmas ............ .04.12 Holland, guilders .8405 Hungary, kronen .002 Italy, lire 090 Jugo-Slavla, kronen .0042 Norway, kroner .1322 Portugal, escudoa .112 Roumanla, lei ........... .007(1 Serbia, dlnara .0145 Spain, pesetas .1332 Sweden, kroner .23 Switzerland, francs .184 China Hongkong, local currency.. .5575 Shanghai, taeia 81 Japan, yen .4825 NEW TORK. Ont. 28. Foreign exchange irregular; Great Britain, demand. $3.91; do, cables, $3.91; France, demand, 7.24o; do, cables, 7 24o; Italy, demand, 8 94o; do, cables, 8.94 c; Belgian, demand, 7.09c; do, cablea, 7.091.C; Germany, demand. .57c; do, cables, .67c: Holland, de mand, 83.92c; do, cables, 88 9So; Norway, domand, 13.10c; 8weden. den-and. 2295a; Denmark, demand. 19.10c; Swltserland, demand, 18.28c; Fpaln, demand, 13.25c; Greece, demand, 4.45c; Argentina, demand, 32.63o; Braill, demand, 13.12c; Montreal, 02 o. 1 steer. . 1 steer. . 8 steers 1 steer. . 6 steers. 1 steer. . 2 steers. 1 steer. . 8 steers. 1 steer. . 1 steer. . 1 cow. . . 1 cow. . . 1 cow. . . 1 cow... 1 cow. . . 1 cow 5 oows. . 6 cows. . 8 oows. . 1 cow. . . Wit Price I 1140 4 50 13 COWS. W'gt. Price. 1090 913 1200 1141 990 900 830 1101 560 60 1150 K.10 S.'.O 950 920 920 1030 913 Ri 16 850 5. e.oo Br.ii 5 .111! 5.25 4 50 4 00 : 5 calve 7 calves. . 2 calves. . 1 bull 1 bull 4 mixed.. 4 hogs. . MS 4.50 8H4 6.00 201 8.00 1113 6 Ml 650 S 5n 1320 8 73 815 SOU 1K0 lll.lill 60 875 71 6. oil 50 8MI 122 2.00 7S 5.75 68 6 25 112 2 73 450 7.50 113 4 73 1115 1025 4-'.0 7 50 125 10.23 6.00 20 lambs. . 5 00 13 InmhB. . 5.00i20 lambs. . 4.831 6 ewes... 1 5o!3 lambs. . 8 5o137 lambs. 8.00.22 ewes... 2 23 24 ewes. . . 4 00 92 yenrl. . 4 Mi 2 hogs... 4.00 2 hogs. .. ( 25:18 hogs... 3. 7 5 1 Prices ouoted at ths Portland Union tlnbi-anli worn as follOWBl Oholre steers f Medium to good steers Fair to medium steers Common to fair steers Choice feeders Fair to good feeders Cholre cows and heifers Medium to good cows, heifers Fair to medium cows, heifers Common cows ........... Cannera Hulls Choice dairy calves ...... Prime lltcht calves ....... Medium light calves Heavy calves Hogs Prime light Smooth heavy. 600 lbs. lip. Rough heavy ............ Fat pigs Feeder pigs ..-.. .-. Stags Kheen Kast-of-moontaln Iambi Best valley Lambs ... . Fair to good full lambs Eastern Oregon feeders Light yearlings .. ... ... Heavy yearlings . . . ...-. Light wethers ................ Heavy -wethers .. ........... lwea .... ... ...... 5 75 T 6 "3 8.239 4.7S 4.75l(' 3.20 8.73"i 4.75 4 50, S.0O 8.75 iu 4 50 4 M 5.25 4 00i$ 4 50 8.50'iD 4 00 S.75W 3 60 1.30'H) 2.75 . 8 .00 fl 4 00 a. 5u it 9.in) 8.00 8 60 6.no'rt 8.00 , 6.000 .H9 io oo mo rs .tv.s .0 .00'it 8.50 10 00 'if 10.25 10.0010.25 4.00 7.M 5n T a 6.0ift 6. CO I OO'S 6.60 .00'i 4 00 4..'.0 tf 5.00 4..W 6.00 8.00 4.60 8.50 4.50 2.50 3.60 IMOiJ -50 DAIRYING IN CROOK GROWS Salt Lake Creamery Concern Opens Offices at PrineTlIle. PRINEVTLLH, Or, Oct. 28 (Spe cial.) fho Mutual Creamery com pany, with headquarters In Salt Lake City, opened offices and a receiving station at this place yesterday morn ing. Portland! Is the distributing; point, and C. W. Gleason la acting manager for Prlnevllle. Swift & Co. have had a receiving station here slnoa early this year. The large number of dairy cows shipped In here this, fall have made such an Increase In ths cream re celpts that two receiving; stations at this point are necessary. Dairying; In Crook county N Uf1ne (ritrplos hny Chicago Livestock Market. OHTCAGO, Oct. 28. (U. 8. Bureau o( Marketa. Cattle Receipts, 7000. Choloa steers, very scarce, steady to 25o lowerl medium to good natives, vary dull, 50 to 75c lower than yesterday's high level choice 1441-pound steers, $9.76; top load prime medium weight steers, $12; bulk beef steers, 16.60(99; bulls and ah. stock, weak to 25o lower; calves anil stocjters steady. Hogs Receipts, 24,000. Market Tory tin. ven, mostly 10 to 15o lower than yester day's average; some sales off mora; prao tlcnl top. 8; 18 26 paid for light llghtai bulk butchers, 7.657.85; bulk paoklng sows 6.GOiy7.2f; pigs, lower; bulk, around S3 25. Sheep Receipts, 17,000. Fat lambs, steady to 25c higher; sheep, steady; fat native lambs to packers early. 8.750 8 9rt; fed western to shippers, 9.20 2&; range yearlings. $0.75: western wethera, largely yearlings and twos, S0.1O: fat wi averaging around, liia pounds, $4.704.15. Kansas City Uvea took Market. KANSAS CITY. M. Oct 28. CB.tC Bureau ef Markets.) Cattle Receipts. 20OO. Market, unevenl quality plain, all classes around steady, undertone weak oa beef steers and heifers: top steers. $8 50; other sales, $o.l5mS; few cows, 56.50i most canners. I2.25W2.50; cutters, mostly $33.85; best vealers. 19.50 10. Hogs Receipts, 1500. Market, fairly active: mostly 15 to 25c lowVr; to packers, good and choice, 1M to 210-pound weights, $7.4547.55; bulk of sales, $7f7.65; pack ing top, $7.00: bulk, throw-out sows, 18.250675; stock pigs, steady; ebolca load, $8.10. Omaha livestock Market. OMAHA. Oct. 28. (U. 8. Bureau of Markets.) Hogs Receipts, 5000. Market, mostly lOfflSc lower; bulk medium and light botcher.. $7 257.65; top, $7.80; bulk packing grades, I6.404r6.89. Cattle Hecelpta, 1600, Market, all classes, generally steady; top 1481-pound steers, $H.70. Sheep Receipts Snon. Fat lambs 15if258 lower; best rang, lambs, $8 25; top fed Iambi. I8 60; sheep generally steady; yearlings. $5.75: w.ther.. $6.26; feeding lambs, slow, steady, $7 50 paid. Seattle Livestock Market. PRATTLE, Oct. 28. Hogs Receipts, ST. Market, steady, prices unchanged. Cattle Receipts, 25. Market, steady, prices unchanged HERRIN & RHODES, Inc. Established 1896. BROKERS Kow Tork Storks. Bonds. Oraln. Cot M Private Wires. Members 4 liioags Board of Trade. 201-8 Railway Excbang. Hldg. Telephone Mln ?3 2M CITY of ASTORIA 20-year 6 Bonds Dated June 1, 1921 j 1 t Due June 1, 1941 Price : to. yield A 0 Income Tax Exempt Details on Bequest ATKINSON, STARKEY & ZILKA INVESTMENT BONDS T04 Wilcox Bids;. Paona Mala 9t