THE 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