TTTF- 1IORXIXG OREGOXIAX, FRIDAY. JTOTEirWR 4, mil
17
MEAT PRICES FILL
OPJE TO THREE CENTS
Lowest Quotations Since
1915 in Local Market.
FARMERS NOT SELLING
Argentina and Other Producers
Vnderbid United Stutcs for
Trade in Europe.
The wheat market Hid another severe
flump yesterday and prices dropped to
the lowest point sine litis. At the Mer
chants' Kx change, 07 cents wai bid for
both deliveries of hard white. oft white
and -white club. As compared with Wednes
day this was 3 cents lower for hard white,
1 cent lower for soft white and 1 to :j
cents lower for club. There were no of
fers for hard winter, northern spring or
red Walla.
The foreign situation could hardly be
worse from a seller's standpoint Argen
tina Is offering wheat to Germany under
the American market. A cable reported
that Germany bought Platte wheat at a
price equal to OS cents a bushel in store
at Chicago. Australia and Roumanla are
also competing with the United States.
Prices locally are well above the export
basis. It was declared by grain men that
but for the operation of short s here price
would settle to a materially lower level
and they look for such decline soon. In
the meantime there is little or no selling
ty farmers.
The only chanife of Interest in the coarse
grain market was an advance of t
bids on white and gray feed oats.
According to a cable from Broomhall,
the London failure that affected all wheat
markets Wednesday was of Greek origin,
the house having a bran Oh In London.
Minneapolis mills yesterday reduced their
flour prices 25 cents a barrel.
Steamship companies belonging to the
uth American conference decided on a
lit In rates ranging from $1 to $o.Z0 per
ton.
Argentine shipments this week are esti
mated at 370.000 bushels of wheat and
1,400.000 bushels of corn.
Spafn imports of grain during August
reached a total of 30,000 tons, of which
23,000 constituted American wheat, states
a recent consular report. Shipments of
corn from the Argentine are said to be
Increasing and a first consignment has
been received from Roumanla. There Is a
good market for American corn from the
Mlssinaippl valley via Now Orleans, the
consular report indicates. An Increase Is
Doted In the importation of food products.
Terminal receipts, in cars, were reported
by the Merchants' Kxchange as follows:
Portland Wht.Bry. Fir. Oats. Hay.
Thursday 2 2
Year ago 47 ... 4 10
reason to dale..I..,-l4 I in n,3 4T ."
74
Is expected to be largely consumed, after
which it is considered possible that there
will be a market for imported flour in
considerable quantity. . "
Oregon NewtowM at Auction.
The New York apple market is holding
steady on boxed fruit. Oregon Newtowns
at the New York auction brought $3. 15
&3.30 for extra fancy large. $2.70sa.03
for extra fancy medium and $2.50&2.80
for medium to large choice.
Bank Clearing.
Bank clearings of the northwestern cities
yesterday were as follows:
Clearlners. Balance.
Portland $5.tMl .! !ltf 704
Seattle 4.S70.!)!t7 Mt7.2t)7
Taroma 471 n 711 r.41
Spokane 1.051.8J9 726.277
POKTLAAD MARKET QUOTATIONS
Grain, Flour, Feed, te.
Merchants' Exchange, noon session:
w-d white
White, soft
White club
Oats
No. 2 white feed
No. 2 gray
Mlllrun
November. Pec.
Bid. Bid.
.07 .H7
.07 .07
.95 .97
. 27 00 27.00
. 20.00 2t.OO
. lti.00 10.00
I Sioss Phef 100
Sou Ry iKn 1014
do pfd
St L 4 8 F... 100 22
Ktromberg Car .....
Studebaker .. 7.300 734
Swift & Co
Tenn Cp & Ch. 2HO S.
Texas Oil.... 8,400 4:t u.
Texas Pac. (tf 22
TexPacCAO !" 2"
Tob Prod otto 0fH
Tran Contl Oil 2.1O0 9
Union Oil Del 7,:n0 21 S
Union Pac... 1.4o0 121
United Alloy. KM) 23
United Drug. tioo 64
Unit Food Prd 5.r,00
United Fruit. l,4u IIS14
U KQS OI W J u!H
NEW YORK, Nov. Comprehensive , TT d.? P"- - - J'J
U S Ind Alco 3!.VH
STOCK MARKET RALLIES
CCT I.V REDISCOUN'T RATES
STIMULATES BUYIXG.
Liberty Bonds Record Highest
Prices of Tear All Foreign
Exchange Advances.
ss
IK
T4K
Year ago
1 Hcnma
Wednesday ...
Year ago
tteaann to date.
Year o
S-mttle
Wednesday . . . ,
Year ago
Petition to date.. 8,fl."2
Year ago -'..".".
G.444
1R
1 1
K.207
2,01
4
n
1
74
30
203 225
1
40 " 7.
302
... 1ft ...
1 a
104 f3 147
122 130 140
C5 37S
GERMANY BUYS SOUTH AFRICAN" WOOL
Kew Clip Is Estimated at 400,000 Bales.
Scoured Exports Decline.
The wool clip of the Union of South
Africa for the year August 1. 1020, to July
11, 1021, Is estimated at approximately
400,000 bales, according to reports received
by the bureau of markets and crop estl
mates. Of this quantity about 389,000
bales were exported up to July 81, leaving
110,000 bales unsqld in .South Africa at the
and of July last,
These figures refer to the 1020-21 clip
only and do not include carry-over stocks
from previous seasons. Tho remainder of
th old clip was purchased by tho British
government, about 05,000 bales having
Deen registered under the purchase scheme
of the Imperial government.
Some notable changes are revealed in
the statistics relating to the exports from
the Union of South Africa during the first
half of 1021. Thua. tho exports of scoured
wools how a decline of ft, 303.530 pounds
as compared with the figures for the cor
responding six months of 1020, while the
exports of grease wool show an increase of
2,203,244 pounds similarly compared.
A significant factor in the wool trade
Of South Africa is the fact that Germany
Is returning as a purchaser. In prewar
days Germany alone took one-third of the
South African wool exports.
CUBE BUTTER I'KICKS MAINTAINED
Erg Market Firm. With Good Demand.
Veal Receipts Lighter.
Tho butter market was steady yesterday.
There was no surplus of top-grade cubes
and on thene price were maintained.
Kggs were firm at former quotations.
ith a gopd demand for both fresh and
storage.
Poultry receipts were moderate and the
Unarkrt was steady, with heavy hens seil-
ig at 204r27 cents end light hens at 1H
FLOUR -Family patents, $7 per toarrel;
whole wl.at. $6 20; graham, ffl; bakers
hard wheat. $7.0.1; bakers' bluestem pat
ents. $6..vr; valley soft wheat. $3.60;
straight. $3.23.
M 1LLFEED Price, f. o. b. mill; Mill
run. $21 per ton : rolled barley. 134 AM:
roiled oats. $3.1; scratch feed. $46 per ton.
CORN Whole, $34;' cracked, $30 per
ton.
HAY Buying price, f. o. b. Portland;
Alfaifa, $13 per ton: cheat, $12912.30;
eat and vetch. $1414 50; clover. $12;
valley timothy. $1515.&0; sastern Oncol
timothy, $ IS IS. 30.
Dairy and Count rr Produce.
BUTTEK Cunes, extras; 42 43c lb.;
prints, parchment wrapped, box lots, 47c:
cartons, 4Hc. Butterfat, buying prices:
No. 1 grade, 47c. delivered Portland.
KGGS Cae count. 4S4f3(c; candled
ranch. 3qz'.i.c; association firsts. 57c: as
sociation selects. 60c; association pallets.
40c.
CHEESE Tillamook triplets, price to
jobbers, f. o. b. Tillamook, 20c; Young
Americas. 27c pound.
POULTRY Hens. 1827c; springs, 20c;
riuckp. 20f 20c; geese, nominal; turkeys,
live, 33c; dressed, 43c pound.
PORK Fancy. J .'S 1 H c per pound.
VEAL Fancy, 1313 Vic.
Fruits and Vegetables.
FRUITS Valencia oranges. 1008.50 per
box; lemons, $4.50 & 7.50 ; grapefruit. $4.50
VP7.iiU per box; bananas, S&Uc pound; ap
ples, i. do (0)4.20 dox; pears, xi.oO 43 box;
huckleberries, 1015c per pound; grapes,
Oregon Tokays. $2.252.50 per lug; Ore
gon Concords, BtJc per pound; California
red Emperors, lOllc per pound; Califor
nia Cornichons, $2,-73 per lug; casabas, 2
ft) 3o per pound ; cranberries, Oregon, $3
3.75 per box; eastern $21 per barrel;
pomegranates, $3 per box; quinces, $3.23
per box.
POTATOES Oregon, $1.752 per hun
dred; Yakima, $2 (2.25 per hundred;
Sweet potatoes, 45c per pound,
ONIONS 11 low, $4.50(5.50 per hun
dred. VEGETABLES Cabbage, l2c pound;
lettuce, $2.502.75 crate; carrots, $1.50
ftrl.75 per sack; garlic. 12H4lSc pound;
beets, $1.30&2.23 per box; cucumbers, $1.50
2.50 per dozen; beans, 1012Vbc per lb.;
celery, 70c $1 per dozen; green peppers,
6&10c per lb.; cauliflower, $lfrl.30 per
dozen; pumpkins, 2c per pound; squash.
2Vc pound; sprouts, 17 pound; toma
toes, $1.23 4 3 per box; turnips, $22.50
per sack; parsnips, $22.50 per sack.
Staple Groceries.
Latest Jobbing quotations:
SUGAR (sack basis) Cane, granulated.
6.35c pound ; beet, 6 15c.
NUTS Walnuts. Manchurian, 20 241c
pound; Brazil nuts. lS20c; filberts. 20
25c; almonds, 20 27c; peanuts, 8Hc per
pound.
kicjs Blue Kose. ic per pouna: japan
style, flc per pound.
BEANS Small white. 6.85c; large.
white. 4c; pink, 6 Vic; lima, 77c; red.
6M;C per pound.
COFFEE Roasted, bulk. In drums. 18
v3oc per pound.
SALT Granulated, bales, $3.20eT4.05;
half ground, ton 50s, $17.25: 100s. $10.25.
HONEY Comb, new crop, $G.607 per
cap.
DRIED. FRUITS Dates, $T per case;
figs, $1.403 75 per box; apples, 16c lb.;
peaches, 15 17 c; apricots, 23 & 26 Vic;
prunes, 7 12c. ' -
and substantial advances of stock prices
today were influenced solely by the lower
rediscounts announced by nine of the
12 federal reserve banks and concurred In
by the Bank of England.
Financial interests generally regarded
this a evidence thac deflation had made
further marked progress and that easier
credit conditions soon would prevail In
the world's leading markets.
The local money market reflected these
pnases tor a time, the a per cent opening
for call loans soon being cut to 4 per
cent. Later, however, on demand for
funds the rate rose to OVt per cent, that
figure holding at the close.
Bonds made a better showing relatively
than stocks, most of the several liberty
series recording highest prices of the year
with Victory 4a, which rose to par on ex
tensive accumulation.
Oils, steels, motors and equipments,
more or less as named, were in the fore
front of the day's operations at net gains
of one to five points. Mexican Petroleum
again being the feature.
Railroads were handicapped by fresh
labor disturbances and various specialties,
including tobaccos and the issues of the
several mail-order and chain-store group,
strengthened on, pool support. Sales were
oou.uuu snares.
Apart from a new low record for Ger
man marks at .045c, foreign exchange
strengthened after early irregularity.
Trading in bills was limited, however.
largely to British and French remittances.
Speedy sale of the new Chilean 110. 500,
00O loan offered further proof of sound in
vestment conditions. Various railway and
muusirial bonds strengthened on the ao
tion of the federal reserve board and in'
ternationala were better. Total sales, par
value, were $11,275,000.
CLOSING STOCK QUOTATIONS.
(Furnished by the Overbeck & Cooke
company. Portland.)
AuaniM MP,
H 31
200
40U
U S Rub 5.3w
do 1st pfd. . 2,3H
XT S Smelting 4n
U 8 Steel 11.4)K
Utah Copper. - 2,tO
Va Chem !mo
do pfd UK)
Vanadium StI.. l.SiK)
abash
do- A pfd. . .
do B pfd...
"Wells Fargo. .
Western Pac."
do pfd
Western Union
Weths K A M
West Md
White Motors.
Willys-Overld.
do pfd
Wilson Packg
Woolworth
Worth Pump.
W A L E
White Oil
HiO
300
100
' 100
100
lioo
200
' "lino
300
11
43
SO.
32 S
M H
27 K
"32
20
13
20H
U
"q"
27 H
1.500 12C
100 3lH
8
43
22
26
CI
9
10i
120
11
117W
S'i
It
40
44
47
S3H
r.r,
27 V.
31 Vi
7
24
13
20
"45
9
27
1224
"is
37 'Jap 1st 4Hs, 1923 854
7H Jap 2d 4Ss. H'25 83
10 Norway 8s. 1940 104 -
4:tt Kusaian 5 4s. 1921 12
22 Russian 5Sa, 1026 S V
30 ; Russian Ca. 1018 IS
74 1 Pim 34. 102 PS
90 I Swiss Sn. lf40 10
S V K 5Va, 1021 BHVi
43 I U K Sua. HU2 00
22 I U K 5s. 1029 3
20
00
9
20
121
25
64
12
117
10
- f.o
44
47
S3
32 T4
61
53
27
71
32
7
20
13
fit
20
3S
84
43
.55
32
125
40
8
13
Hides. Hops. Etc.
TALLOW N. I, 4c; No. 2, 80 per
pound.
CASCARA BARK Be a pound delivered
Portland.
HOPS 1021 crop, choice, 25 26c pound;
olds, 13c pound.
HIDKS Fresh cured. Be per pound;
bulls, 4c; calf, 12c per pound; kip. 7c; dry
hides, be; dry. salt hides, 7c per pound.
PELTS Dry pelts, full wool, 8&10
pound; salt pelts, 3550o each, according
to size.
W(OL New clip, 8 & 20c per pound.
MOHAIR New clip, lc per pound, de
livered Portland.
. ProvlHlonn.
HAMS All sizes, 29 it 31c: skinned, S3o
picnics. 18c; cottage roll. 22c.
BACON Fancy. 40tfj)45c; choice, 274
42c; standard, 23 26c.
LARD Pure tierces. 14c pound; com
pressed tierces, 14c.
URY SALT Backs. 19g23c; plates, 18c,
Oils.
LINSEED Oil, Raw. In barrels. 8c;
-gallon cans, $1.04. Boiled, in barrel,
(tic; 5-galion cans, $1.00.
1 URHENT1NE In drums, II; 5-gallon
tans, $1.15.
WHITE LEAD 100-pound kegs, 12o
per pound.
COAL OIL Tank wagons and iron bsr
rels. 17c: cases, 3037c.
GASOLINE! Tank wagons and iron bar
rel, 20o; cases, 38 c.
SAX FRANCISCO PKODLX'E MARKET.
Prices Current on Vegetables, Fresh Fruits,
Etc.. at Bay City.
SAN FRANCISCO. Nov. 3. Vegetables
Artichokes, $10.0012.00 a case; squash,
$1,251x1.30 a 40-pound lug: potatoes. $2.23
i?3.73; onions, yellow. S3 23; brown, $1.00
&4.25; crystal wax. $3.00; tomatoes. $1.00
ts. There was only a light demand fort 0 1.30 a lug; cucumbers, 75c i J 1.30 ,
dressed turkeys and buyers would not pay
over 45 cents.
Arrivals of veal show a falling off and
the market Is Inbetter shape. Sales were
made during thilay at 1313 cents.
M'T MARGARINE CASE IS APPEALED
Dairymen Interested In Judge Wolverton's
DerlKlon.
The quarterly bulletin of the state dairy
and food commission. Just issued by C. L.
Haw ley. commissioner, is given up largely
to Judge Wolvertons decision in the nut
margarine case, in which the court uphold
tho constitutionality ot the butter-substitute
law passed by the last legislature.
Notice has been served on tho commis
sion that the Corvaltis Creamery company,
plaintiff in the case, has appealed from
the decision and the caae will be carried
to the United States supreme court.
Increase In Wheat Exuoita.
World shipment of wheat last week and
the same week lut year were:
Wk. ending V k. ending
. t. 2-.. 1:121 ovt. 30. n2u
.117251. 0H 8,127 OiHJ
2i;..(MKt ;;:m.uoo
. 1.712. mm 304.000
lf. S-rnnada
Argentina . . .
Australia
T-Ual
. . -l. 22s, 000 t.;20.ooo
Shipments for the season to data com
pare us fuUuMs:
Total since Same period
, Julv 1 1:21. lat season
l . W.-tTinada .... 1 1 0.00 ( ,mm jdj.tHto
Arnriiuna ....... J l -lit, ,tMH 3:1, 1 I 2 t
u'l' ........
Others l.isrtS.wo
lutr:
peppers tiodj.73c a lug; beans, strfng, 34j
be; Umas, usc; carrots, $1.00(1.23 a
sack; eg plant. $1.005(i l.23 a lug; letttfee,
$1.73fiT2 crate) celery, $2.50 a crate; pump
kins. $1.00 1.-5 a sack; peag, 5120 a
pound; sprouts, 4i'ic a pound.
ioultry Hens. 20fri 20c; young rooaters,
2(425c; old rooutera. ltll.sc; young
chickens, 230c; ducks. 2o;22c; tur
keys, dreaded, 45 50c ; live, 35i40c.
Fruit Oranirci, Valenclas, $4.00 fr 6. 25;
lemons, $3 00iJ 5 00: grapefruit. $4 00(4.50;
apples, a and 4-tier, $1 it 3.30; straw
berries, per crate. 2.0O2.5t; raspberries,
per drawer. 8Ocy$1.10; blackberries, otr
drawer, SMcS $ 1 ; casabas. per crate, 63
73c; grapes, seedless. $4.25; others. $2.23
V 00; cranberries, per box. $5,0065.50.
Receipts: Flour, 894 quarter sacks;
wheat, 131 centals; barley, 562 centals;
corn. 107 centals; potatoes. 4103 sacks;
onions, 409 sacks; hay. 10 tons; hides, 403;
livestock, 30 head.
Agr Chem. , . .
do pfd
Ajax Rubber..
Alaska Gold. .
Alaska Juneau
Allied Chem. .
Aliis-cnal
do pfd
Am Beet Su..
Am Bosch . . ..
Am Can Co..
do pfd
Am Car & Fdy
do pfd .....
Am Cot Oil..
Am Drug Synd
Am Hd Ac Lt
do pfd
Am l:e
Am IntI Corp
Am Linseed..
do pfd
Am Loco ...
do pfd
Am Saf Razor
Am Ship A C
Am Smelter. ..
do pfd
Am Snuff
Am Steffl Fdy.
Am Sugar....
do Pfd
Am Sumatra..
Am Tel A Tel
Am Tobacco B 1. SK
Am Wool S00
do xi id ..... ...
Am W P pfd..
Am Zinc
Anaconda . . . .
Assd Oil
Atchison
do pfd .....
Atl G & W I.
Baldwin Loco 12.300
do pfd ....
Bait & Ohio.
do pfd ....
Beth Steel B
Booth Fish. .
B R T
Butte C & Z.
Butt & Sun
Barnes Bri.
Caddo Oil . . .
Cal Packing.
Cal Pet
do pfd .
luo
700
WH) -400
866
l.OOO
7H
IOO
400
1.100
3.2m)
1.1MI0
1,300
"'400
SHM3
2M)
000
"400
ft. 000
2,000
I too
6.4(H)
100
4.600
34
S3V4
MM
30
M
H4
4.-."
S3 4
fsi
130 W
ln'i
33 (4
i'.V
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T814
r.4V4
SI
3.-.K
7714
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800 101 V,
1.0IK) 8U"4
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30
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1.10(1 37 4
51
06
514
74
.
14V
into 111
100 yi
7,Rno 7014
2.0O0 4514
:um, &o
4.0OO
BOO
50
100
:'.oo
Canadian Pac. 2.3O0 114
ren Leather.. l.lOO 2!l4
Cerro de Pasco 1..100 31
Chandler Mot 5,0"O 44'4
ChlcaBu & N W WK) 07
Chi Gt vv.
QUOTATION'S OS DAIRY PRODUCE
Corrrnt Pries Kullnir on Buttrr, Cheese
unil Kkk.
SAN FRANCISCO, Nov 3. Butter Ex.
tra, SOSic: prime first,, nominal: first. 40c.
lines Kxiraa. G.sc; extra firsts, ,",c;
extra pullfls. 53c: extra pullet,, firsts, 6ic;
Under. laed pullets. No. 1, 4c.
Chees. California fiat fancy. Sic; Cali
fornia Vountf America fancy. 31c.
do ifd
Chili Cop
Chtno
C M & St P. ..
do pfd . . : . .
Coco Cola....
C & O
Colo F & I...
Colo Southern.
Col Ga. & 11
Colum Graph.
Con Gas
Coru, cigars..
do pfd . . ...
Contl Can....
Corn Prod....
do pfd
Cosden Oil...
C It I & P.-..
do B pfd . .
Crucible
do pfd ....
Cuba Cane. . . .
do pfU. . . .
Cub Amn SU4T
Del Sl Hun...
Dome Mines,.
End Johnson.
Erie
do 1st pfd..
Pa Players. . .
Fed Ming A 3
do pfd .....
Fisk Tire ....
Gaston Wms.
Gen Clgara...
Gen Elec ....
Gen Mntor
Gen Alders ...
Gen Asp......
Goodrich ....
Goodyear ....
Granby
G Nor Ore . .
do pfd ....
Gr Cananea..
Gulf S St. ... . .
Hask Bar
Hnust Oil....
Hupp Mo....
Ills Cent
Inspiration . . .
lnt A Coi com
do pfd
Interbnro .
do pfd
Tn ter Calhan. .
Int Jiarv
do ufd
Int Merc Mar.
do pfd ....
Int Nickel...
Int Paper....'
do Dfd
Inv Oil
Island OIL...
Jewel Tea . . .
K C South. . . .
K C Sou pfd.
Kelly-SKpfld .
Kennecott.
Kevstone Tire.
Lack Steel . . .
I.ee Tire ....
Lehisth Valley
Ijorillard
Low Theatres
Morland Oil .
M.-x Pet
-Miami
Mid States Oil
Midvale teel.
M K T
do pfd
Mont Power . .
Mont Ward .
Mo Pac
do pfd
M St P 4 SSM ,
North Amn ..
Nat Biscuit .
Nat Knamel . .
Nat Lead .... .
Nevada Con .
New Haven .
Norfolk & W. .
Nor Vac .
tino
1,100
::im
l.ooo
800
1.300
L'OO
JOO
fioo
1.K00
(too
300
17
12
28
21!
ST
:;
v.
-4
lis
0.1
3
02
10
52
S.pIj
22
4S
VI
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3S
77
'25
5:t
70
35
li-,
123
7UT4 '
1
41
101
5
80
20
SU
'SB
51
55
S
7
4
13
l!l
12
W
44
SO
114
20
20
42
07
17
11
25
23
87
30
6T
24
:is
02
3
01
43
30
55
20
45
33
27
33
2S
M
1A1
112
17
5
10
BO
SO
24
40
ill
100
4V
0
30
77
101
At
53
Wi
125
122
70
IOO
24
!
.:?2K
IUL
85
SO
211
111
IN
:i7
50
4,500
' 3','ioo
TOO
100
2.50O
IOO
3. "OO
3.100
4. 3O0
S6 85
,2ff
32
6S
04
81
8
10
I
400 103
0,000
1.200
200
2,200
' "ioo
IOO
400
ii'.soo
400
1.400
1.S00
"l:1oO
1.700
2,100
loo
r.oo
300
100
1110
4.000
4110
IOO
VOO
" "fioo
2.00O
100
VOO
" "soo
4.1 HO
300
100
800
1.500
200
1.1O0
4O0
000
" 2.400
1.4O0
76.800
3'M1
5.4O0
400
71
12
18
64
10
30 .
135 H
10
43
3
31
73
'37
77
11
07
3
7
3S
1
3
4
78
' i i '
50
13
53
'iii
3
10
24
'iii
23
9
42
27
54
'i.V
28
107
22
14
4
4,500
ftoo
2,000
Y.noo
1.300
400
1,100
12.574.000
12.V 000
Total
214.274.1MO
220.41111,000
t'luar Trad, in ltunarmrr.
A 50vrrr.:nent trad, correspondent In
Cxec ho-Slovakia states that wheat flour
can be purchased in Hungary delivered to
the Czecho-Slovuklan border at $5.00 per
barrel. Even at this price. It .1, reported,
there la little opportunity for Imported
flour si preaent. as locsl crop, are good.
About January or February the home crop
Turkey Shippers
y "ur bulletin. "TurVev Special No "
Jr Juet off the press. You can t afford "to
w Bams It. VI:e for It I, 1. A
Gct on our mailins; list.
TIIK SAVINAK CO.. lne..
100 Fmnt St. l'ortlnnil. Or.
Kelcreilcvs, U. 8. .NnUoual Hank.
N Y Central. . 1.200
Okla Prod ref ,500
Ontario Silver
Ontario A W. 200
Otis Steel ... 200
Pacific UfV
Pac Gas & El 3.3O0
Punta Allea;re 8.8. K)
Pacific Oil .. 4. 500
Pan Amn Pet 12.700
XKW YORK. Nov. 3. Butter. Barely Nov Sco Steel
steady, creamery hiBaer than extra. 47j;t N Y Air Brake
creamery firsts. 3$i4.'c.
Ecus Irregular: f:rsts. 3160c.
Cheese easier, unchanged.
CHICAGO, Nov. 3. Butter unchanged.
Egtfs Lnchansedj receipts. 342a cases
"SEATTLE, Nov. 3 EsrKs Select local
ranch, white shells. tic ; do. mixed colors,
,ti , pul.etj.. 42't43c.
Butler City creamery, cubes. 46c; bricks
or prints. 47c
Kenctl..i in Corfee Futures,
NEW YORK, Nov. 3. Recent sharp ad
vances were followed 'by reactions in the
market for coffee futures today as a re
sult of realising. The opening was 7 to
14 points lower and the more active posi
tions soid 17 to 31 points below last night's
closing figures. The close was 2 to 14
points net lower. Sules were estimated at
about -50, 000 bags. December, 6,irc; Janu
ary". 8.5oc; March. 8.30c; May, 8.23c; July.
6.2.'-: Septrmber, 8.23c.
Spot coffee was reported In fair demand
at sc for Rio 7s and llc to 12c for
Santos 4s,
New York Sugar Market.
NEW YORK. Nov. 3. Raw sugar, cen
trifugal. 4.0(1 w 411c; refined, fine sranu
ltdt &.2"w 5.30C
do "B"
Penna .......
Peo Gas
Pere Marq . -
Pure Oil
Phillips Pete .
Pierce Arrow .
Pierce Oil ...
Titts Coal ...
Pitts A W Vs.
Pr Steel Car.
Pullman
Ray Cons ....
Reading .....
Remington
K'-piogLe Steel .
Republic I & S
Rep I S pfd
Rep Motors . .
Roy Dutch Oil
Ry Steel Spg.
Saxon Motors.
Sears Roebuck
Shattuck Aris .
Shell TAT..
Sinclair
Stand Oil ...
2.800
3.4H
3.700
3O0
5,0(10
2.200
1.600
"ioo
IOO
300
.IOO
1.900
00
l.OOO
S.tO
300
00
200
100
4.800
600
8. 5o0
200
19
18
43
'io'
121
12
14
73
72
3
"io
8
'6S
29
40
47
44
S3
57
IS
30
'ii
7
'24"
59
101
13
70
22
SO
82
t
49
84
2
70
-3"
23
81
32
32
(18
63
84
7
IS
13
102
89
12
18
10
3S
l.'W
10
43
61 li
30
31
31
71
7
11
97
35
7
38
1
5
4
7f
.....
30
13
52
'io
3
10
2414
"39
22
9
41
27
54
"ii
23
102
22
13
24
IS
IS
42
'ioii
120
12
13
74
7
4
13
1JO
12
70
44
7t
114
29 .
30
44
67
6
111
12
20
23
it
3!l
24
:is
62
3
2
24
c.-.
40
S5
107
32
32
87
fit
83
8
IS
15
. Io-''
IS
"Ore
12
17
03
2
Io
39
Hill
10
43
63
30
9
111
3t
73
22
37
71
77
11
07
38
7
37
1
6
4
77
103
11
50
13
53
85
10
3
10
24
50
40
23
0
42
27
34
143
14
28
108
22
13
24
1
3
53
IS
18
42
65
40
120
41
75
12
13
93
74
000 13
BONDS.
U S 2s, rea-...10oN- Y Cen deb Cs 97
do 2s, cou... '100 Nor Pac 4s... 79
do 4a. reg 104 do 3s 59
do cv 4s. cou'104 Pac T & T 5s.. 8H
Pan 3s, reg... 7!Penn con 4s. 89
do 3s. cou. .. 761 South PacerBs Vl-Sb
AT&T cv 6s 104 ISouth, Rail Ss.. 83
Atcnen gen 4s hi 1 union Pac 4s
D it R con 4s 6UU 8 Steal 5s.
84
85
Bid.
Liberty Bond Quotations.
Liberty bond quotations furnished by
Overbeck & Cooke Lompany of Portland:
Liberty 3a I3.40 02.70 93.28
do 1st 4s 93.30
do 2d 4s 93.46
do 1st 4s 03.98 03.80 03.00
do 2d 4s ::.S0 O-t.40 93.30
do 3d 4s !3. 118 .".() 05
do 4th 4 Vis 94.00 93.04 93.60
Victory 4s lOo.OO 99 6(1 99.80
do os 00.02 VU.80 89.80
U K Ss. 1937
81
8l !
so
104
13
4
16
04
10S
100
8
83
81
Foreign Exrhanlte.
Foreign exchsnge rates at the close of
business yesterday, furnished by North
western National bank of Portland. The
amount quoted Is the equivalent of the
foreign unit In United Statea funds:
Country. UnlU Rate.
Austria, kronen 1-0010
Belgium, francs 0725
Bulgaria, leva 0076
Caecho-Slorakia. kronen 0100
Denmark, kroner '. .1870
England, pound sterling 3.9423
Finland, llnmark 0182
France, francs 0743
Germany, marks .0033 j
Greece, drachmas 0433
Holland, Builders 3400
Hungary, kronen - .0020
Italy, lire 0410
Jugo-Sl.via, kronen .' 0040 1
Norway, kroner 13S0
Portugal, escudos .0950
Roumania. let . . 0070
Serbia, dinar. 0140 1
Spain, pesetas 1360
Sweden, kroner 23O0
Switserland. liVncs 1S70
China Hongkong, local currency... .5323
Shanghai, taels 8000
Japan, yen .4875
NHW YORK, Nov. 8. Foreign .xchange.
strong; Great Britain, demand $3.93.
cables 13 93: France, demand T.38.
cables 7.39; Italy, demand 4.07, cables
4.07: Belgium, demand 7.17. cables
7.18; Germany, demand .47, cables .47;
Holland, demand 34.33, cables 34.41; Nor
way, demand 13.67; Sweden, demand 22.93;
Denmark, demand 18.55; Switzerland, de
mand 18.80: Spain, demand 13.52: Greece,
demand 4.45; Argentina, demand 32.63;
Brasil, demand 13.37: Montreal, 82.
ALL LINES ARE STEAD!
MODERATE RTJX OF STOCK AT
LOCAIj YARDS.
Boston Cloning Mining
Atlouea
Art Com H
Cal & Art .Vl-Tn.
Cal & Hecla.,,.240
Centennial .... 8
C H Con Co... 34
tj ts uop Mine. Shannon
Franklin 2 Utah Con
IMG Roy (Cop). 20iWinona .
Lako Copper . 2 i Wolverine
Mow hawk M!
North Butte ..
Old Dominion
Osceola
Quincy
Superior
S & Bos Mln..
ion
3
80
40
2H
1
1
3
40
11
Swift A Co. Storks.
Closing prices for Swift A Co. stocks at
Chicago were reported toy the Overbeck &
ooKe company of Portland as follows
Swift & Co 90
Libby. McNeil & Libby
National Leather 6"4
Swift International 24
Money, Silver. Etr.
NEW TORK. Nov. 3. Call money firm
er; high 51 per cent, low 4H. ruling rate
o. closing bid . 5, offered at last
loan 5. 1
Time loans steady. Sixty days 5i54
per cent, 90 days flVitiSW. six months
Prime mercantile paper 54 (&5
Foreign bar silver 70c. Mexican dol
lars oa-c.
LONDON, Nov. 3. Bar silver 40 lid per
ounce; money z per cent.
discount rates Short bills, su per cent'
three months bills, 3 11-10 per cent.
New York Bonds.
New "York bond quotations, furnished by
Herrin A Rhodes. Inc., of Portland:
American Tobacco 7. 1022 101
do 7s. 1023 loi
Anaconda 7s, 102 98
do 6s A, 1029 k 94
Armour cv 7s. 1090 .101
do 44s. 3030 84
Argentine GI 5s. 1045 K5
Am Ag Chem Ts, 1041 0744
Bethlehem Steel 7s, 1022 IOO
do 7s, 1023 1004
do Ea 7s. 103$ i HM
Belgium Ext 7 Via. 1045 102
do os, 10 J.j U54
do 8s. 1040 Ull
City of Bergen 8s. 1943 103
Citv Berne Hs, 1045 IOK14
Brazil 8s. 1041 IOO
Canadian 5s. 1920
do ft. 1031 03
Can Nat Eq 7s, 103. 10144
Chicago N. W. 7. 1030 104H
C M & St P gn and rf 4Us A. 2014. 57
Canadian Northern 7s, 1040 ........105
Chile Ss, 1041 200
City of Chrlstiania 8s, 1045 1".
Coper Ep Ss. iyj2 10114
do Ks, 101:3 101
dot 8s, 1024 .102
do Ss. 3i2 103
Cuban American Sugar 8s, 1931. . . .HM
Con Oa cv- 7s. 10li5 1034
Diamond Match 7s. 1035 105
Denmark 8s. 1945 1054
Danish Mun 8s. 1943 104
Dupont 7 Hp, 1931 101
French ext Ss. 1943 lO0
do 7s. 1041 O.l'i
Grand Trunk If. 1940 105
Goodyear 8s, 1041 1074
Gulf Oil 7s, 1033 101
Hershey "Vis, 1030 98
jiii 11 in u.-, iijuu t-m . cull lambs
Int War CT 6s. 1041 M I pfl,tem Oreenn feeder
Trading Is Chiefly in Hog Market,
Where Bulk of Spies Are
Made at $9.50.
There was a moderate run of nine loads
of stock at the yards yesterday. Prices
are unchanged In all departments. Most
of the trading was tn the hog market,
where the bulk of tha sales were mad
at $0.50. Sheep and lambs were fairly
active at steady prices. Cattle offerings
were iignt.
Receipts were 43 cattle. 212 hogs and
0l' sheep.
The day's sales were as follows:
Wt. Price. I Wt. Pric
1 cow.. 7tW 1 4.25 2 lambs. 75 6.00
1 cow.,1010 2.251124 lambs. 67
2.0U, 2. ewes.. 147
2.0OI 16 ewes.. i:t4
3.50 1 ewe. l:;o
2.0O 3 yearl. KM
2.0o 13 mixed 1 30
2.0O 2 bucks. 175
3.50i 9 steers. 1007
.001 17 steeral123
.ool 1 bull. .2210
NOW IS
THE TIME TO BUY GOOD BONDS
Foreign Government, Municipal and Provincial Bonds
Maturity
Republic of Chile 8s. . : Nov. 1, 1946
Argentine Republic 73 Oct. 1,1923
Kingdom of Belgium 63 Jan. 1,1925
Province of Manitoba 6s .Oct 1, 1946
City of Winnipeg 6s Oct. 1,1946
Port of Grays Harbor 6s July 1,1941
Province of Ontario 6s Oct. 1,1923
Province of British Columbia 4s. .June 30, 1926
Province of British Columbia 5s Jan. 6, 1925
Province of Saskatchewan 6s. . . r. . .May 1, 1924
Province of Saskatchewan 6s Aug. 1,1927
Province of Alberta 6s May 1,1923
Province of Ontario 5s May 28, 1922
Corporation Bonds
Maturity
East Bay Water Company V2s Sept. 1, 1936
Consumers' Pwr. Co. Gen. and Ref. 7s. July 1, 1935
Southern California Gas Co. 7s Mar. 1, 1951
Broadway-Yamhill Bldg. 7'2s June 1,1926
Carnation Milk Products Co. 7s May 1,1925
Fisk Rubber 1st Mtg. 8s Sept. 1, 1941
Price Yield
99.50 8.15
99.62 7.20Vb
95.00 7.80
99.75 6.02
99.00 6.10
103.50 5.50
98.25 7.00
90.00 7.10
94.41 7.00'
97.30 7.207o
96.50 6.75
98.25 7.25
99.50 6.00
Price
101.00
96.50
100.00
100.00
98.50
99.00
Yield
7.00
7.50'
7.50
8.10
We move sTbout .ovember 15
to our new sjrouDd-floor loca
tion on the northwest corner
of Fourth and Stark atreeta.
lyth. Witter. & Co.
San Francisco
Seattle
,402 Yeon Building, Portland
Phone Main 8183
Los Angelea
New York
2 cows. Tl'tJ
1 cow.. T!K)
1 COW..10U0
1 cow. . S;i0
1 cow. . mo
1 cow.. 710
1 cow. .lo.-,o
2 cows. I1.10
2 cows. U-'o
3 cows. 8.'ltf
2 calves li'.tl
1 bull. .!:;)
5 hofrs.
2 hogs. U.'.O
7 hops. I'oo
0 hoss. L'o.i
6 hogs. 1711
1 hox. . C'.'O
7 hoss. 114
20 hos;s. J:i2
hogs.
0 hogs. IKS
4 hogs. lr
5 hoss. 1112
2 hoss. 1,3
2 boss. 243
5 hoss. 178
7 hoss. 175
B hoss. rj
6 hoss. 100
1 hos. . B20
121 lsmbs B0
17 lambs 77
8 lambs 72
22 lambs 01
i:tn lambs 7.
lambs no
Prices quoted
3.00
2...0
3..-.0
4
3.00
2.."0
4..-.U
5.23
3.7
..'0
n.r.o
s .'.0
9. .10
s.r.o
S.'iO
8. .10
l..-0
n r.o
8.50
K.50
K.Ofl
9.00
2.UO! 20 hoss.. INS
5.5o 14 hoss.. 205
3 50 2 hoss.. 315
V.OO 8 hoss,. 145
ll.OO 2 hoss,. 20(
9.50 1 hos. .. 3oO
9.50 1 hos. .. 300
9. 50 15 bolts.. 218
650 27 hoss.. 201
9.50 2 hoss.. 340
9.50 3 hoss.. 215
11.25 4 hoss.. 247
50 1 ho. .. 250
a r,o A hoss.. ITS
.5j 1 hos... 220 9.50
9.00 1 hos... 420 6..V)
9.251 32 hoss.. 150 0.50
9.50 li) hoss.. 274 8.75
9.501 1 hos... 380 7.50
9.50 27 welh.. SO 3.50
B.5U 102 weth.. 100 4.25
5 00 71 welh.. MI 4.25
5.75t Oft lambs. 55 3.50
O.oolioii lambs. 0 5.50
5.00H02 lambs. 09 6.O0
5.501 32 ysarlss 11 4.O0
6.751 11 bucks. 123 2.00
4,5o
at the Portland Union
stockyards were a. follows:
Choice steers . . . . ; ; . . . ,
Medium to sood steers
Fair to medium steers
Common to fair steers
Choice feeders
Fair to sood feeders
Choice cows and heifers
Medium to gooa cows, neurin.
Fair to medium cows, heifers.
Common cows
Canner
Bulls
Choice dairy cows
Prime llsht calves
Medium light calves
Heavy calves
Hoss
Prime light ".
umnn,H 2no lh. us.
Smooth heavy, 300 lbs. up 7.ooi s.oo
Roueh heavy 5.00fri.n0
Fat pigs 9.0li 0...0
Ve.dir nia O.Olia II 30
Stags, subject to dockaffe.
Sheep
Fast-of-mountain lambs .
East valley lambs
Fair to good
.$5.75e625
. 5.25i 5.73
. 4. 75 5. 25
. 3. 75 4.75
. 4.51 5.00
. 3.7541 4.50
. 4.505.00
. 4.0ot4.50
. 3.50'u 4.00
2.75 g 3.50
3.00 'J 4.00
K..itf!UIU
.00J X.Ofl
6.00 8.01)
5.00(1 6.50
9.00tr0.50
w.lMtrfi
4.00 0.50
ly steady to weak; western, $8.75; natives,
$8.50; sheep weak to 25c lower; few light
wes, $4.25; most fat lots, $3.7504.
Omaha Livestock Market.
OMAHA, Neb.. Nov. 3. (U. 8. Bureau
of Markets.) Hogs Receipts, 4500. Most
ly 10c to l.c lowsr, closing dull. l.c to
25a lower; bulk better grades. $7i7.30;
top. $7.60; bulk packing grade, $6.25tj
U.75.
Cattle Receipts. 4000. Good and choice
beef steers steady; top yearlings, $11.60;
others and she-stock 10c to 15c lower;
bulls and veals steady; stockers and feed
ers 10(rl5c lower.
Sheep Receipts Bono. All classes steady;
hulk fed lambs. $8.25 8,50; best year
lings, $6.15; ewes mostly $4.23 down; top.
feeding lambs, $7.60.
Seattle Livestock Market.
SEATTLE. Nov. 3. Hogs Receipts,
none. Steady; quotations unchanged.
Cattle Receipts, none. Steady; prime
steers, $6tt6.25; medium to choice. .-,
common to rood. $4ff5; best cows and
h.ir.H 9a 1 1 ... . . .
-"". f , meoium TO enntee,
$3.50'B,4: common to good, $2.50tff3 5o
canners. $1.5og2..-0: light calves. $S!V
medium calves. $7198; heavy calves. $60
7; bulls, $34.
Metal Market.
NEW TORK. Nov. . Copper, steady.
13wis"4yc " Vd nrt,J'. 13c; later.
Tin. firmer. Spot and nearby, 88. 12c:
futures, 28.50c.
Iron steady snd unchsnged.
Lead quiet. Spot. 4.70J4.75c.
Zinc, steady. East St. Louis delivery,
spot. 4. 1 5c.
Antimony, spot, 4.73c.
Kennecott 7s, 1930 i)S
Morris & Co. 7s. 1930
NYC 7s. 1030
Norway 8a. 1O40
Northwest Tel 7s, 1941 ......
Ohio C U Ts, 11125 ...
Pennsylvania 6s. 1986 ....
San Paulo 8s. 11136
.Southwest Tel 7s, 1825
Swedish Govt 6s. 1!:;9
Standard Oil or N Y 7s. 1931
Steel & Tube 7s, 1951
Swiss 8s, 1940
Sears Roebuck 7s. 1922.
do s. 1923
Solvay 8s. 1927
Swift A Co 7s. 1025
I'nion Tank ts. 1930 ,
11 S Rubber 7Vj. 1930 ......
Wilson 1st s. 1H28
West Elec 7s. 1925
Westlnehouse 7s. 1925 ,
Zurich Ss, 1943
...ion.
105
105
106
94H
103 14
119
.100 5.
95
106H
I'
108
1H
100 .
101 4
101 14
, 102W.
102 H
88
102
1 05
105 "4
Foreign Bonds.
Foreign bond quotations furnished by
the Overbeck && Cooke company of Port
land: Bid. Ask.
Belgian rest Ds 01 64
Belgian prem 5s 65 67
Belgian .'is. 1945 101 '4 101
Belgian 8s. 1941 100 lOOVi
Belgian 6s, 1923 94 95
Brazil 8s. new H9
British 3s, 1922 395 405
British 5s. 1927 3S9 399
BritlBh 5s. 3929 SsS 398
British vky 4s 397 307
British ret 4s 274 284
Bordeaux 61. 1934 86 87 Vi
Canadian .His. 1927 88 90
Canadian Ss. 1920 93 X 4t4
Canadian 54s, 1929 95 05
Canadian 3s, 1931 93 93s
Canadian 5s. 1927 88 90
Chilean 8s, 1941C 99 n
Currency 7 8
Denmark 8s. 1945 102 108
Pan Muni 8s. 1943 103". 103 Vi
French 4s. 1917 43 4
French 5s. 1920 63 4
French 5s. 19.11 53 56
French 7s. 1941 04 94
French 8k. 1943 10O 100 Hi
German WL5s SVi 4Vi
Berlin 4s 4 4
Hamburg 4s 4!i 5
Hamburg 4s 5 bA
I.eipsig 44s 4 6
Leipsig 5s Bti 64
Munich 4s 4Vt 5H
Munich 5s n. 7 814
Frankfort 4s 5 ' 6
Italian 5s. 1918 SO1 81
T-ip 4s. 1931 fl 69j
Light yearl'ngs ....
Heavy yearlings
Light wethers
Heavy wethers .
Ewes
. . 6.50 7.00
. . 6. 00 ef 0.50
.. 5.oora 5.50
. . .3.009 4.00
. . 4.50 5.00
. . 4.50 jj 5 00
. . 3.00r4.50
., S.50S14.50
. . 2.50$ 3.50
. . 1.O0&2.5U
Chicago Llvcatork Market.
CHICAGO, Nov. 3. L". S. Bureau or
Markets.) Cattle Receipts. 8000. Beef
steers strong to 25c higher: choice 1527
pound steers, $9.50; bulk beer steers, $0.23
gi9.25; she-stock steady to strong; bulls
steady: calves slow to lower; stockers
anrt feeders mostly steady.
Hogs Receipts. 41,000. Fairly active. 10c
to 15o lower than yesterday's average;
practical top, $7.75; light lights up to
$7.90; bulk, $7.2o7.70; pigs steady; bulk,
$S0 8.15.
gheep Receipts, 16,000. Fat lambs ac
tive, steady to strong: c-thers steady; na
tive and fed western lambs to packera
early $S.759, mostly $9; city butchers
paid $9.30; choic. 100-pound few western
wethers. $6; heavy fat native ewes
draggy: one load fed lambs mostly steady
at 7.75.
Kansas City Livestock Market.
KANSAS CITY. Mo., Nov. 3. U. S.
Bureau of Markets.) Cattle Receipts
3300. Beef steers, stockers and feeders
slow, steady with yesterday's low time;
tup steers. $S.50; other sales. $57.70;
medium stockers, $5Q5.25; other classes.
averaging steady; row cows, s4.Bo$5;
other sales. $3.504.50; several loads heif
ers, $5.5005.60: best vealers, $10; bulk
canners. $2.502.75: cutters. $33.50.
Hogs Receipt. 4500. Fairly active,
opened tueady to 10c lower, closed .trong,
with most of loss regained; bulk 190 to
210 pound kind, $7.407.50; packer, top,
$7.50; bulk of sales, $6507.45: bulk
throw-out sows around $6.25; "pigs steady;
few stock pigs offered; one load good 350-
pound packing sows. $6.90.
Sheep Receipts, .'i.ioo. Tjimbs general'
Naval Stores.
SAVANNAH. Ga., Nov. Turpentine
firm. i4c; sales, 154; receipts, 408; ship
ments. 8; stock, 9901.
Rosin firm; sales. -464: receipts 1233;
shipments. 1141; stock, 82.197. Quote: B
D. E, F. G, H. $4.45; I. 4.30; K, $4.95:
M, N. $3.S5; WO. $3.70; WW, $3.80.
Dried lrnlt at New York.
NEW YORK, Nov. S. Evaoorifted id.
-pies nominal. Prunes, fair trade. Peaches
quiet.
Hops at New York.
NEW YORK. Nov. 3. Hods steady:
state. 1921, 39f42e; 1920. 2Sffi23c; Pacific
cast, 192J. 29 B 33c: 1920, 24l 2Uc.
Duluth Linseed Market.
DUMJTH, Nov. S. Linseed, on track!
$1.796 1.791, ; to arrive, $1.79.
Cotton Market.
NEW YORK. Nov. S. Spot cotton quiet;
middling, 18.85c.
We Own and Offer
United States of Brazil
4 Bonds of 18S9-
Principal and semi-annual interest payable in
' English Pound Sterling.
We have ths facilities for cashing these coupons at our office.
You may realize on an investment
in these bonds an annual income of
J.90 to 9.70
and in ADDITION, an increase in Principal of from
97 to 143
as exchange approaches par value.
Full details furnished upon request.
F.I Devereaux Rgmpany
INVESTMENT BONOS
8T SIXTH STRCCT PORTLAND. OREGON BROADWAY 104
GROUND FLOOR WELLS-TARCO BUILDING
Money mill double itself if left
alone at 7 for ten years. Send
for circular describing.
Every large city has one newspaper
which, by universal consent. Is the
Want-Ad medium of the community.
In Portland It's The Oresronlan
to yield
Olympia, Washington
Improvement Bonds Denomination $100 Due 1923 to 1929
ATKINSON, STARKE Y & ZILKA
Wilcox Building INVESTMENT BONDS Phone Main 700
ejSH
raw
A Market Bargain r.
I REPUBLIC OF CHILE I
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28
43
46
43
35
67
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101
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60S,
59
80 Uj
61,
48
84
2
714
35 H
23
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3
4
19
9
814
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'28 i
45
46',
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181,
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7
59
24
59 1
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2014
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84
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10
High Yield
Yen n
Low Yield
One of Portland's best-known,
long'-establlshed investment bank
ers offers you this exceptional op
portunity, subject to prior sale.
Would You Invest
Where your principal will be re
turned in 3, 4 or 5 years (your
option)?
Where earnings have never been
less than KK-f- ?
Where your investment carries a
Mph guarantee and dividends are
paid semi-annually?
Where safety is beyond- ques
tion? Information on Reqaent.
P. O. BOX 29S. PORTLAND.
E
C FOUNDED 187 6
T riTtf 1 aTT Ml It H
B LKIjLAND UiL K ffl
I REFINING CO.
First Mortgage 8
Gold Bonds H
Due March 1. 1951. H
Nr.. A ill 7ca nnn
ia net rwcis. . i itUiUuu u 11
fl Bonds outstand- n !
tt ing 4.000.000 ft
H4 1 wvri monthx the eon.- 11 1
11 pa7 earned over eleven JJ j
I If limea the Intereat ehara-e. II I "1 I
H Price 99 to vield 8.15 ) M
I II EJI.ROIUNS &SOXS
i Mmrjimrm Donor r t j
t 404 COUCH BUILDING I ! fl
PORTLAND I
' BOSTON Krw YORK CHICACQ I
l SAN rRANClSCO LPS A.VCE1ES 8
S Bonds Due 1946 at
99.50
The Chile 8s due 1941 are
selling, November 3, in New
York at 100 to 100.25.
The present Chile issue of
like security but linger ma
turity has been priced by
the underwriters at 99.50.
It is obviously, therefore, a
rare investment bargain for
either quick turn or perma
nent holding.
Bonds payable at 110 the
first ten years; at 105
thereafter, and at maturity
must be retired at a premi
um of $50 per $1000 bond.
We offer our allotment sub
ject to prior sale.
CLARK-KENDALL
&CO. INC.
rm , Fifth nnd Stark Streets
rTSTJ G0VFRMHWTMUNIC1PAL CORPORATION'
BONDS
8 Cold Notes
Copper Export
Awjioelatfon. Inc. '
Test secured by refined
copper deposited at 10c
a pound (the present prica
being; about 13c a
pound). Sums required
for payment of principal
and Interest gruaran teed
proportionately by
e 1 g h teen leading copper
companies.
At Prlcea YleldlnK About
7.25 7.207c
(1924 Maturity 1925 Maturity)
Circular upon request for
Or-426.
The National City
Company
Offices In more than BO cities.
Yeoa Bids.. Portland.
Main eora.
Cascara Bark
Hides. Wool, Pelts. Mohair.
We Are in the Market.
Writ, for Prices and Shipping Tssra
PORTI.AXT HIDE WOOL CO.,
GEORGE M. SULLIVAN. Manager.
107 I nlon At.. N., Portland, Or.
FOREIGN
EXCHANGE
We maintain a daily wire serv
ice direct from New York, en
abling; us to offer you marks,
francs, sterling, Iires and other
1 foreign moneys at lowest rates.
Investigate our rates before
buying elsewhere.
FOREIGN BONDS
STEAMSHIP TICKETS
Transatlantic Estates &
Credit Co., Inc.
102 Second St, Near Stark
Marshall 205
r .Whv manv
DIE POOR
Failure to follow a common
sense plan, failure to seek ex
pert advice, speculation, putting
all one's money into business
ventures by such courses have
honest, well-meaning, hard
working people lost the earnings
of a life time.
Argentine's 7 bonds are
supported by an International
market. They yield 7.20. They
are good for cash any time.
Our EAST PAYMENT plan
makes it easy for you to put
your monthly savings into a
niif h-arrade security. You are
relieved of ull details and
worry.
Ho yon wnnt 1a know
more about It f rhone.
write or call on us.
Freeman.
Smith
lUM.xais.na buiumm.
ruTM aMo araaa CO.
VJW B74.
HERRIN & RHODES, Inc.
Established 1S,
. BROKERS
New York fltorks. Honds. Grain, C'otti
Private Wire, alrmner. Chicago
Board of Trade.
S01-S Railway Ezcbanre Bid.
T.l.pbon. Main M.-2.4.
THE TRUCK
PROBLEM
A (rreat donl of discuwMon Is cur
rent concern. iwr the ue of paved
highways by loaded trucks. Ntim
say tho impact of a honvily loaded
truck frioiity damages the pave,
ment. Others argue that the truck
lines must be developed, especially
from the farm to river station,
In order to develop our Inlan.l
waterway. In any event, th more
resilient the pavement, the more
It absorb the impact of a heavy
load. Henillen''y is one of the chief
qualities of Warrenlte Bitultthic.
Every larjre city has one newspaper
which, by universal consent. Is the
Want-Ad medium if the community,
la Portland it's The Oregonian.
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