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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Nov. 11, 1921)
THE 3IORXIXG OREGOXIAX, FRIDAY, NOVEMBER 11, 1921 21. POTATO MARKETING RUSHED BY FARMERS Detlr art far apart in their views as to ths ThaokaftvlBK market, and the price predicted range all the way from Sft to M eanta. Country dreaaad meat wera steady. Three-Fourths of Probable Shipments Made. TOTAL CROP IS LIGHT ONE Oregon Growers Still Have Large Part or Their Supply in Reserve Apple Movement Also Large. Bsavy marketing of a comparatively Hi. tit crop ol potato la an outstanding feature pf tne November crop report of tb United States bureau of markets and erop eetlmatea, roleased by T. I Kant, Ore con statistician. The Ore son potato erop estimate do ell ned d urine tha month of October and the 1921 production is now placed at an a erase yield of 90 bushels par acre on ax. 000 acre, or a totaJ of S.87O.0OO bush- 4a. The final state estimate for tho 1&20 erop was about 6.000,000 bushels. The United States potato prospect Improved Somewhat during" Octobor, and tha No vember 1 indications axe for a erop of 30,000,000 bushels, compared with 428, XO.OOO bushels in 1920. While the pros pec tire United States potato production for 1921 Is only about S3 per cent of that of 1920, carload ship ments reported from July 1 to October 20. IV 21. are 128 .per cent of the shipments for the same period In 1920. Shipments from all sections of the United States up to October 29, 1920, amounted to about H per cent of the total for the season. The shipments for the present season al ready squal about T3.o per cent of the estimated total. In other words, shipment of the 1920 crop to October 29, 1920. amounted to practically one-half of the total shipments of the 1920 crop. But the shipments of the 1921 crop up to Oc tober 2. 1921. equal about three-fourths of the probable total shipments of the 192-1 Top. Oregon shipments, while much larger to date this year than last, do not consti tute a very large part of the total crop. Shipments this year 1921 crop) to October 2rf are reported at 212 carload. Last year the shipments to October 29 were only S carloads. Total earlot shipments ot the 1921 crop are reported at 18T8. Dls ing was considerably earlier this year than last and this fact, together with a favorable price, Induced n earlier move ment of the crop. This matter of favora ble price Is considered to be the main fao tcr in the heavy movement over the coun try as a whole. Apples Present Indications are that the October estimate of S.900,000 boxes of com nerclal apples this year In the state Is conservative. The United States commer cial crop prottpect as a whole declined about 8.000.000 bushels during October, and Is now estimated at about 5tt.0OO.0O0 bush eitf ( Iti.floo.ooo barrels), compared with a fli.al 1920 estimate of 111,717,000 bushels in. 239.000 barrels). Total earlot shipments from July 1 to Octobor 29, 1921, from Oregon as well as other "boxd apple" states have been nearly double the. shipments for the cor responding period last year. The figures are 2fc.Ma carloads In 1921 and 13,702 In 1910. Of this number Oregon Is credited with 2819 cars In 1921 and 836 cars In 1920. Total shipments from the eight boxed apple states of the 1920 crop mounted to 80,287 carloads, of which Oregon Is credited with 8178 cars. The boxed apple shipments are expected to exceed those of ID 20 by about SO per ecnt. Grains Weight per measured bushel for Oregon is reported as follows: Winter wheat, 69; spring wheat, 69; oats, 83.5; barley. 48. For the United States the weights are: alt wheat, 80.8; oats, 28.2; barley, 44.4. Corn of the 1920 crop still en farms In the United States Is estimated 8.7 per cent of the crop, or 281,472,000 bushels. The 1921 corn crop prospect de eilned somewhat during October and Is now estimated at 8,151,898.000 bushels. APPLES ARE ri.KNTinx in east Markets Well Supplied With Northwestern Boxed Fruit. Very few earlot apple sales were reported In the Interior markets. In the east prices ranged from weak to steady. Most of the markets were heavily supplied with boxed apples snd the demand was limited. At New York northwestern fruit sold to Job bers at the following range: Jonathans, extra fancy, medium to large $2.25 92.30: small mostly. 12; fancy, si. uses mostly. $2. 10 3. 23; few very large high as 12.40; C grade, all sixes mostly, 91.73&2; combination extra fancy and fancy, medium to large, $2. 2392.40; small mostly, $2; combination fancy and C. all a:ses, $292.10: Spltsenburgs, extra fancy, medium to large, $2. 3092.75: few very large, $8; small, $2 & 2.25; fancy, medium to large. 12.23 92.50; small. $202.13; C grade, large mostly, $2.23; few very large, $2.8592.40; small to medium, $1.73 9 2.10; mostly $2; Delicious extra fancy, medium to Urge, 13 3093.73; few very large, $4: small, $393 23; fancy, medium to large, $3 ti 8 .50; Winter Bananas, extra fancy, large, $ J 73 9 3; few $8.23: small to medium, $2.23 92 50; fancy, medium to large. $2,309' 2 73; few very large, $3; small. $292.25; C grade, medium to large, $2.5092.75; smell, mostly $2; Stsy man's, extra fancy, medium to large. $2.3092.75; small, $29 2.25; combination extra fancy and fancy Mcintosh, $2.30926:i; few $2.75; C grade, mall to medium. $2 1092 40. ! FKKSH KOO MARKET 18 FTRMEB Storage Offered at Easier Prices Aostrsv Han Easre Ine Soon. A steady Increaas In egg receipts Is noted, but as a large proportion of them ar pul let eggs, the supply of large eggs Is still Insufficient for current needs and with the demand brisk the market Is firmer. Can dled stock sold generally on the street at 68 cents and current rsceipta at 50062 cents. Ths storage egg market on the other hand was weak. Sellers quoted can dled storsge at 32986 cents and out of ths coolers at 30 cents. Only a short time re mains to work off the fairly large stocks still held. A shipment of Australian eggs is due here next week. They will cost about 46 cents laid down here. Australian butter is also on the way and will be In the local market about Decem ber 1. The first shipment of the season Is due at San Francisco on Thanksgiving day. Live poultry receipts were fairly large, but cleaned up well at firm prices. Dressed turkeys sold In a small way at 45 cents. READY For Malllna Ot'R TIRKEY St'KtlAL NO. 3. All about the comlnjr Australian tur keys. Very Important. Mailed free on request. THE SAVINAR CO., INS. 100 Front Street, Portland, Oregon. WE WANT TURKEYS Shipments Should Arrive In Port land No Later Than Nov. l?th. BLIK VAIJ'KV PHOniTE CO 273-274 tthsn Street, I'ortlsmd. Oreg;osu ALL BIDS FOB WHEAT ABE REDUCED Declines ef 1 to t Cents In Offers on Local Board. ' Wheat prices lost the previous day's gala in the bidding at the exchange yes terday, when offers for club, hard winter and soft white were 2 cents lower and othsr grades 1 cent lower " than Wednes day. Trading was quiet at all points. There were no bids in the coarse grain division. Moat of the dealers have corn that Is now coming along and the supply ot good milling oats Is clossly held. Barley Is quiet, as tt is not cold enough yet for feeding. All exchanges will be closed today. Reporting on the crop situation In Ore gon, P. Lt. Kent, oft the department of agri culture, says: "October weather was very favorable for farm operations. Rather heavy rain fall occurred on the 23th of the month, prior to which ttme the soil had been rather too dry for plowing. Total precipi tation for the month was somewhat below normal, and temperatures were somewhat above norm a L Much seeding was dons during the month and is now completed in most of the wheat belt. In the western part of the state fall ssedlng operations are well advanced and another week or ten days of favorable weather should en able farmers to practically complete their fall seeding. The early frosts (September) materially reduced the potato yield but allowed early digging, which largely ac counts for the much larger movement of potatoes to date this year, as compared with last year. These early frosts also made an early corn harvest, and potato and corn fields were thus made available for early seeding to grain." Chicago advices were that Greece bought 10,000 barrels of flour and others were In the market for more. Stocks of exportable commodities on hand in Argentina are still greater than for the corresponding period last year. There is a surplus of 1,290,000 tons of wheat, 1,480,000 tons of corn and 137.500 tons of oats available for export. Stocks of grain In San Francisco ware houses and wharves on November 1 : Wheat, 21.881 tons against 86,980 "tons year ago; barley, 68.998 tons against 60,784 tons; oats, 599 tons against 794 tons; corn, 1096 tons against 2418 tons; bran, 80 tons against 60 tons; beans, 153,332 sacks against 180,010 sacks. Receipts dur ing October: Wheat. 8984 tons; barley, 31,730; oats, 1578; corn. 1889; bran, 777; hay, 8582; beans, 90.416 sacks. Terminal receipts. In cars, were reported by the Merchants' Exchange as follows: Wheat. Bar. Fir. Oats. Hay. STOCK GAINS ARE LIMITED SELLING FOR PROFITS CAUSES IRREGULAR TONE. Portland, Thurs. 67 ... 4 2 11 Year ago Season to date. .15,490 119 931 444 704 Year ago 6,839 80 801 229 708 Tacoma, Wed... 28 1 5 Year ago 10 . . . 6 . . . 5 Season to date.. 5.429 77 697 76 834 Year ago 2,684 87 375 66 399 Seattle. Wed.... 3 ... 8 ... 4 Year ago 21 1 4 SoHflon to date.. 8.778 10, 1009 254 708 Year ago 2.500 133 148 149 840 Bank Clearings. Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland $tl.24t,,754 $140. 2u8 Seattle 4.472.167 894.104 Tacoma 4r.8.007 132.137 Spokane 1. 802.1.81 760.146 PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc. Merchants' Exchange, noon session: Bid Nov. Dec. 1102 , 100 , 1.00 1.01 , l.no , 95 $1.02 1.041 1.00 L01 l.oo .95 17 00 Wheat. Hard white Soft white White club Hard winter Northern spring ..... Red Walla Millrun . FLOUR Family patents, $7 per barrel; whole wheat, $6.20; graham. $; bakers' hard wheat, $7.05; bakers' bluestem pat ents, $6.55; valley soft wheat, $5.60; itralghts. $3.25. M1LLFEED Price, f. o. b. mill: Mill run, $24 per ton; rolled barley. $114 936; rolled oats. $:t.; scratch feed, $46 per ton. COK.N Whole. 134; cracked. . 836 per ton. HAY Buying price, f. o. b. Portland: Alfalfa. $15 per ton: cheat. $12912.50; oat and vetch, $14914.50; clover, $12; valley timothy, $15913.50; eastern Oregon timothy, $18018.50. Dairy and Country Produce. BUTTER Cubes, extras, 42 048c Ib.J prints, parchment wrapped, box lots, 47c; cartons, 48c. Butterfut, buying prices: No, 1 grade. 47c. delivered Portland. EQGy Case count. 60 9 52c: candled ranch, 55958c; association firsts. 57c; as sociation selects, 60c; association pullets. 47c; association peewees, 32c. CIIEUStt Tillamook triplets, price to Jobbers, f. o. b. Tillamook, 26c; Young Americas. 27c pound. POULTRY Hens. 19 0 27c: springs. 20 21c; ducks, 20026s; geese, nominal; tur keys, live, 85c; dressed, 45c pound PORK Fancy, iSV,Hc per pound. VIlAL Fancy, 130 14c per pound. Fruits and Vegetables. Local jobbing quotations: FRUITS Valencia oranges. $60 3 per box; lemons, $60 7; grapefruit, $4.50 07.50 per box: bananas, 899c pound; ap ples, SI. 3594. 25 box; pe&rs. $1.5093 box; huckleberries. 10 910c per pound; grapes. California red Kmperors, 100 lie pound; casauas, 203c pound; cranberries, Oregon, $006 per box; eastern, $21 per barrel; pomegranates, $3 per box. ruiA tubs ureaon, ti.iaw 2 per nun- dred: Yakima. $292.25 per hundred; weet potatoes, 405c per pound. osioriS leiiovr, o.ou per Hun dred. VEGETABLES Cabbage, l2c pounr; lettuce, $2.5002.75 crate; carrots, $1.50 1.75 per -sack: garlic. n&iiflC pound; beets, $1.309 2.25 per box; cucumbers, $1.50 2.50 per dosen; beans, 109120 per lb.: ceiery. 7Oc0$l per dosen; green peppers, 8912c per lb.; cauliflower, $101.50 per dozen, pumpkins, '2c per pound; (quash, 24c pound ; sprouts, 17 H c pound ; toma toes, $2.7303 per box; turnips, $292.50 per c k ; pa rsn 1 ps, s J 9 ou per sac a ; arti chokes, $1.50 per doxen. Staple Groceries. Local jobbing quotations: SUGAR (sack basts) Cane, granulated. 6 35c pound; beet, 6.15c. NUTS Walnuts, new crop, sort eneu, z 9Slc lb.; Brasll nuts. 18920c; filberts. 20 9 25c; almonds. 26927c; peanuts. 8 Vic per pound. BiCai Biue no ee, ic per pouna; japan Style, 6c per pound. BEANS small white. o.aae: large. white. 4c; pink. 6Vic; lima, 797Vc; red. IHc per pound. cuffkk Hoastea, duik. in a rum a 19 9 35c per pound. SALT Granulated, bales. $3.2004.03; half ground, ton 50s, $17.25; 100a $16.25. HONEY Comb, new crop. $69630 per case. DRIED FRUITS Dates, $7 per case; figs. $1.4093 75 per box; apples. 16c lb.; peaches. 13917c; apricota 23926yo; prunes, 7 912c. Hides Hope. Etc, T A LLOW N o. L 4c ; No. 2. 9o per pound. ' CASCARA bark. 00 s pound delivered. Portland. HOPS 1921 crop, choice, 26926V4o pet pound. HIDES Fresn cured, be per pound: bulls. 4c; calf, 12c per pound; kip, 7c; dry hides, 9c; dry salt hides, 7c per pound. PELTS Dry pelts, full wool. 89 10c pound; salt pelts, 85 9 30c each, according to size. WOOL New clip, 8920c per pound. MOHAIR New clip. 16c per pound, de livered Portland. Fro visions. Local jobbing quotations: HAMS All sixes, 27931c; skinned. 249 $3c; picnics, 20c; cottage roll, 23c. BACON Fancy. 399 45c : choice. 27 O 82c; standard, 23-. LARD Pure tierces. 14c pound: com pressed tierces. 14c. ukx ball uacKS. lszic; plates, 15c Oils, t tvovrn rtrr 11 . i v . . . 5-sallon ens, $1.04 Boiled, la barrels, 91c; 5-, .lion cans. 91.04. TURHEN'TINK In drum., I; I-rslloa cans, ti ll. WHITE LEAD 100-Dound ke.a UUc per pound. GASOLINE Tank wagons and iron bar rels, 26c; easea, 3HL.C. Xw "York Bmrar Market. NtnT TORK. Nov. 10. Raw sugar, eea- trlfural. 4.0094.11; refined, fin, granulat ed. 4.20 8 . Trading Centers in Specialties. Allied Results in Market for Liberty Bonds. 1W YORK, Not. 10. Trading In atoeks today was unusually active for a pre hollday seaeion. bat most of the business continued to center la sp.cul.tiv. Ismiea, further profit-taking causing an Irregular to heavy tone. Oils, secondary steels, eopperi and kin dred base metals, chemical, and the cheaper motors and other specialties over. shadowed all other issues, but gains of variable extent wart largely or wholly canceled later. Rails manifested oecaaional restraint as a result of the pressure directed arainst certain favorites, including Great Northern and Northern Pacific Announcement that the railway executive, wen formulating a lower wage programme also reduced terest in that group. Salea were 620,000 sharea. The moderate accession of optimism re cently reported in steel trade circles was dampened to a degree by the October ton nage atatement of the United States Steel corporation, which disclosed . decrease of nearly 2TS.00O tone. This was disap pointing, in view of tb. September report. which showed the first gain la more than a year. Rumors of further cutting of prices by the steel corporation and leading Independent producers were denied. Reversing Its usual course, the moneV market opened with a firm ton., call loans being mad. at & per cent. This rate was reduced to 5 per cent before the cloae and time funda for 80-day and 60-tfay re quirements were In better supply. Dealings in foreign exchange were small aside from purchases of sterling and Paris bills. The Italian rate continued to de. cllne and Cerman marks lost much of yesterdays recovery, but Scandinavian quotations were higher, notably the Danish rate. Liberties closed at mixed gains and losses; railroad issues were mostly reac tionary, and Internationale again lacked a definite tone. Total sales, par value, f 18,- CLOSINO STOCK QUOTATION. (Furnished by th Overbeck 4 Cooke Co. Portland.) Sales. High. Low. Bid. A flams cx ... l.uuu 4'J 4 48 Air Chem 1,200 3114 80 V SI do pfd 6 Ajax Rubber. 1.4O0 20H 1B 30Vj Alaska Gold.. 100 hi Alaska Jun... 1.000 S S Allied Chem.. 1,300 46 46V, 48 Allis-Chal ... 3,000 3 36 3644 do pfd 50O si 81 81 Am Beet Sug. 300 23 118 8 jtm Bosch .. 1.800 33 33 33 Am Can Co.. 5.0O0 Si 31 30 do pfi 1,000 0014 S 8 Am Car & Fy 2.300 13714 13&V4 136 do pfd 113 Am Cot OH. . 8,600 21 18 - 21 do pfd 46 Am Drug Srn 100 i 6 5 Am H & L 10(4 do pfd 600 32 52 51 Am Ice 200 iltt1 6.'i 6- Am lntl Corp. 1,000 37 36 Am Linseed.. 7.20O 20 20 2i do pfd .... 1.800 51 52 57 Am Loco 3.800 1.3 S3 S3 do pfd 106 Am Saf Rasor 4 Am Bp tt Cm. . 5O0 6 6 6 m Smelter.. 2.3IIO 40 80 89 do pfd 30O 85 85 84 Am Snuff 101 Am Steel Fdy 3, COO 30 294 29 Am Sugar ... l.;,0O 55 54 54 do pfd .... 1,3I0 83 82 81 Am Sumatra.. 200 36 36 36 Am Tel & Tel. 9.400 111 110 llo Am Tobacco.. l.WiO 120 125 12.1 Am Tob "B". 1.6iK 122 121 121 Am Wool 4.500 7S 77 77 do pfd .... 100 102 102 103 Am W P pfd. 6lK 24 24 23 Am Zinc .... loo 9 9 Anaconda ... 7,200 43 43 43 Ad Oil .... 300 101. 101 101 Atchison 800 SG 86 83 do pfd 300 84 83 S3 At. Olf A W I 6.000 31 30 S0 Bald Loco ... 42.100 15 94 95 do pfd 4iH 102 102 102 Bait & Ohio. 300 ' 37 37 37 do pfd 100 M 51 51 Eteth St! "B". 8.600 58 57 67 Both Kish 500 5 4 4 B R T 100 7 ' 7 Butte C 4 Z. 500 3 4 5 Butte A Sup. 100 14'j 14 13 Burns Bros... 800 112 110 112 Caddo Oil ... 2.600 14 13 13 Calif Packing. I.300 71 70 71 Calif Pet .... 2.0OO 44 43 43 do pfd 2m 81 81 79 Canadian Pac 3.000 115 115 115 Cen Leather.. 1.500 20 29 29 Cer de Pasco 700 31 31 30 Chand Motor. 3.100 47 4 46 Ohio Si X W. 2.800 W 68 US' Chgo Ot W 6 do pfd .... 100 16 16 16 Chllo Cop .... 1.7O0 12 12 12 L-nino 2.100 2H 26 26 C M St P.... 3.200 24 23 23 do pfd .... 2.500 37 36 30 Coco Cola 1500 30 39 39 C & C 300 55 65 55 Colo F A I... 41 K) 24 24 24 Colo Southern 300 3H 8 R 8H Col Gas Ac El 1.000 63 62 6:1 Colum Graph. 4.0oO 3 3 3 Con Uas 1.000 S3 92 0:1 Cons Cigars 24 do pfd 65 Contl Cap 200 47 47 4 Cities Srv Bks 24 Corn Prod ... 8,300 89 89 88 do pfd ! 103 Cosden Oil ... 4.700 33 33 33 C R I P 2,000 83 82 S3 do "A" pfd. 200 80 80 80 do "B" pfd. 1"0 88 68 68 Crucible 2,400 66 64 . 64 do pfd ..... ..... 85 Cuba Cane ... 2.000 8 7 7 do pfd 400 18 18 18 Cub Am Sug 400 14 14 14 Del St Hudson 1.700 187 10.- 18 Dome Mines.. . 700 19 19 19 De! Lack.. 300 108 108 108 Endlcott John 1.200 72 71 71 Erie 1.000 12 12 12 do l.'t pfd.. 600 18 17 17 do 2d pfd 124 Fam Player, 4 100 64 63 64 Fd Mn & Sm 5 do pfd 20 FIsk Tire 400 10 10 . 10 Gaston Wmi Gen Cigars ... S00 6fl 60 60 Gen Elec 900 135 134 134 Geji Motor ... 12,400 11 11 11 Glen Alden 43 41 42 Gen Asphalt.. 23.600 65 6:1 63 Goodrich 100 31 '31 31 Goodyear 10 Granby 600 22 21 22 Great Nor Ore 1.500 32 82 82 do pfd 2.500 24 73 73 Greene Canan 23 Gulf S Steel... 1.800 40 3 39 Hank Barker.. 2.8O0 24 73 73 Houston Oil... 1.300 .78 76 77 Hupp Motor . 1.000 11 19 10 Ills Cent .100 96 96 95 Inspiration .. 1,800 36 86 36 Int Ag Cp cm ; 7 do pfd 7 Interboro 800 1 1 1 do pfd 800 r. 5 8 Interstate Cal 1.SO0 4 4 4 Int Harv 400 78 78 78 Int Merc Mar 2.000 11 11 11 do pfd S.700 61 (10 B0 In-t Nickel ... 8.100 13 18 13 Int Paper ... 8.300 64 63 61 do pfd M Invincible Oil 4.2O0 10 10 10 Island Oil .... 6OO 3 S g Jewel Tea ... 1.0OO 11 11 11 K C Southern 1.2oO 24 24 24 do pfd ...T. SOO 61 81 61 Kelly-Sprfld . 1.400 41 40 40 Kennecott ... 2.400 14 23 23 Keystone Tire. 700 10 9 Lack Steel S.OOO 42 40 42 Lee Tire 400 28 27 27 LehlKh Valley. 500 65 54 54 Lorillard 600 14.1 141 141 Lowe Theater, 4.800 15 14 45 L 4 N 200 108 108 108 Mackay 61 Marland Oil.. 4.500 10 28 80 Maxwell A 41 Maxwell B.... 100 10 10 16 Mex Pet 81.600 118 112 113 Miami 600 23 23 2S Mid States Oil 11.500 14 14 14 Mldvale Steel. l.OOO 25 24 25 U K 4 T 200 1 1 1 do pfd 300 2 8 Mont Power 58 Mont Ward... 2.6O0 18 18 18 Mo Pac 1.500 19 19 19 do pfd l.OOO 43 42 42 M St P 4 SSM 69 Nor Amn 200 40 40 40 Nat Bicult 118 Nat Enamel.. 700 40 89 38 Nat Lead 77 Nevada Con... 1.800 13 12 13 New Haven... 6O0 13 13 1S Norfolk 4 W.. 1.3O0 96 96 96 Nor Pac 6.600 79 77 77 Nova Sro SteaV . . 21 N Y Air BrakS 54 N T Central.. 200 73 72 72 Okla Prod ref. 2. SOO $ 1 3 Ontario Silver. 4 Ontario 4 W. . 19 Otis Steel loo 9 9 9 Pacific Dev . . . 200 8 8 8 Pac Gas 4 EL 4O0 65 64 3 Pun Allegro. . 4'1 29 2S 2t Pacific Oil 9.300 46 45 46 Pan Amn Pet. 7.300 60 4R 40 do B 2. 600 46 43 45 Penna 8.500 36 83 35 Peo Uas l.OOO 57 66 56 Pere Marquet. 1.800 19 19 18 Pure Oil 4.900 88 85 36 rhtlllps Pete. . 5 3(M1 30 29 go Pierce Arrow. 2.3O0 14 13 13 Pierce Oil l.OOO 7 6 7 Pit!, Coal.... 20 59 ' '69 59 P 4 West Va. Six) 24 24 24 Pr Steel Car.- I.200 61 60 l Pullman 400 lui 10 lo4 f Ray Con. j Reading 1 ..- II. 1 11. L U II ... Repub 14 8.. do pfd ..... Rep Motors... Roy Dutch OIL Ry Steel Spg.. Saxon Mot. . . . Sears Roebuck Shatt. Aril... Shell T 4 T... Sinclair Stan Oil Cal.. Sloas Shef Sou Pacific... Son Ry do pfd St L 4 S F. . . Srromh Carb.. Studebaker .. Swift 4 Co. . . Tenn Cp a Cb Texa, Oil .' Texas Pic... T-x Pac C 4 O Tob Products. Tran Contl Oil Union Oil Del Union Pac... United Alloy.. United' Drug. . Unit Fd Prod. United Fruit. . Unit R of N. J do pfd Unit Re Store U S Ind Alcoa U S Rub do 1st pfd . . T7 S Smelting U S Steel do pfd TTtah Copper.. Va Chem Vanadium SU. Vivendou .... Wabash do A pTd... do B pfd.. . Well, Fargo. . Western Pao. . Western Union Westbs E 4 M West Ml White. Motor,. WlllyOverland do pfd Wilson Fackna? Woolworth ... Worth Pump. W A L E White Oil.... l.OOO 14 1S 13 8.400 71 7u 7o 3lK 24 24 23 I.1O0 61 60 60 84 600 7 7 7 4.3(a) 60 49 49 1.300 87 83 87 2 7.000 68 6 67 100 6 6 6 300 87 87 87 14.400 24 23 23 S 5,8oO 86 85 85 900 89 83 38 6.000 ' 79 78 70 2,500 19 19 18 600 44 44 44 300 28 22 22 SOO 81 29 30 17.6O0 74 73 73 "7.500 "" "S 9 8.300 45 44 45 2.400 23 22 22 18.HK) 80 27 29 1.S0O 61 60 60 2.800 8 8 8 25.1O0 22 20 22 1,200 124 123 123 200 26 28 26 600 67 66 67 600 11 11 11 l.SoO 118 117 117 IOO 8 8 8 800 21 21 21 7.100 60 49 60 26,500 4 6 45 45 2.000 4 48 48 800 8 9 88 89 SOO 33 33 32 82.400 83 82 82 1,100 111 111 111 4.200 67 65 56 27 6.100 83 82 82 1,400 7 7 7 2O0 7 7 6 1.000 11 20 20 1,000 18 18 13 200 62 62 62 600 19 19 19 200 87 87 87 1.7O0 46 46 46 800 9 8 8 4O0 89 87 88 1.900 6 6 6 7(0 81 80 81 700 81 81 81 400 123 122 122 800 42 41 41 1O0 8 8 7 1.500 13 12 'IS U 8 2, reg...' do coup ... .' do 4s reg.. do cv 4s cpn1 Pan 8s reg. . . do 3s coup. . A T St T cv 6s Atchen gen 4a D & R cons 4s NYC deb 6s. BONDS. '100 No Pao 4a 100 do 3, '104 Pao T 4 T 5s. '104 Penn eon 4a 76' So Pac cv 5s.. 76iSo Ry 8s 105 union Pac 4a. 71 97 ( 80 68 90 90 92 86 85 97 Mining Stock, at Boston. BOSTON, Nov. 10. Closing quotation.: . Z3lNo Butte 10 . 8l01d Dominion.. 23 . 61'Osceola ........ SO Z.4U . 8 25 21 2 51,' Alloues Aria Com . . . Cal 4 Arts.. Cal 4 Hecla Centennial Cop R Con Co. E Butte Cop II Isle Royalle .. Lake Copper... Mohawk Qulncy v 38 Superior 2 Sup 4 Boa Mln 1 Shannon 1 Utah Con, .... 3 Winona 40 Wolverine 12 Liberty Bond Quotations. Liberty bond quotations furnished by Overbeck 4 Cook, company of Portland: Closing High. Low. Bid. Liberty 8, 95.40 95.14 95.26 do 1st 4s 94.64 do 2d 4s 94 48 do, 1st 4s 94.80 94.60 94.74 do. 2d 4s 94.78 94 48 94.72 do, 8.1 4 Vis 96.38 96.36 96.40 do. 4th 4'4S 94.84 94.60 94. NO Victory 4s 99 74 99 66 99.72 do 8, 99.74 96.68 99.72 Swift 4 Co. Stocks. Closing prices for Swift 4 Co. stocks at Chicago were reported by th. Overbeck 4 Cook, company of Portland as follows: Swltt 4 Co 99 Llbby. McNeil 4 Llbby 7 National Leather 5 Swift International 23 Money. Silver. Etc NEW YORK. Nov. 10. Call money easier; high 6 per cent, low 5 per cent; ruling rate. 6 per cent; closing bid, 4 per cent; offered at 6 per cent; last loan 5 per cent. Time loans steady; 90 days, 66 per cent; 90 days. 6 5 per cent; 6 months, 6 96 per cent. Prime mercantile paper 55 per cent. Foreign bar silver 68o. Mexican dollars 52 c. LONDON. Nov. 10. Bar silver. S9d per ounce. Money, 3 per cent; discount rates, short bills, 8 per cent; three months' bills, 8H per cent. New York Bond. New York bond quotations furnished by Herrln 4 Rhodes. Inc., of Portland: Am T 4 T 6. 1922 100 do 6. 1924 99 American Tobacco 7s, 1922 101 do 7s. 1923 101 Anaconda 7s B. 192S 100 do Us A, 1929 95 Aimour cv 7s, 1930 I02 do 4s. 1039 84 Argentine GI 6s, 1045 .' 77 Am Ag Chem 7s, 1941 loo Beth fiteel 7s, 1922 100 do 7s, 1928 100 do Eq 7s. 1935 102 Belgium Ext 7s, 1946 lo3 do 6s, 1925 96 do 8s. 1940 104 City of Bergen 8s, 1945 104 City of Berne 8e, 1945 106 Canadian 5s, 1928 94 do 5s, 1931 95 Can Nat Eq 7s. 1935 104 Chi N W 7s. 1930 105 C M 4 St P gn 4 ref 4, A, 2014... 68 Can Nor 7s. 1940 108 Chile 8s, 1941 101 City Chrlstlanla 8s. 1045 105 Copper Exp 8s, 1922 101 do 8s, 192S 101 do 8s, 1924 102 do 8s. 1925 103 Cub Am Sugar 8s, 1981 101 Con Gas cv 7s, 1923 104 Dlumond Match 1 a, 1935 100 Denmark 8s, 1945 106 Danish Mun 8s. 194. 106 Dupont 7s. 1931 IOJ French ext 8s, 1945 101 do 7s, 1941 95 Grand Trunk 7s, 1940 106 Goodyear 8s, 1941 106 Gulf Oil 7s. 1933 102 Hi'rshey 7s, 1930 OS Humble OH 7s, 1923 99 Int Rap Tr ref 5s. 1968 54 Int Mar CT 9s, 1941 86 Kennecott 7s. 1930 99 Libby. McNeil & Llbby 7s, 1981 loo Morris 4 Co. 7s. 1930 103 NYC 7s, 1930 103 Norway 8s, 1940 106 Northwest Tel 7s. 1941 106 Chlo C U 7s, 1925 94 Pan Am 7s, 1930 94 Penn Oils. 1936 103 Sar. Paulo 8s. 1036 100 Southwest Tel 7s, ih-.-s 101 Swedish gov 6s, 1989 94 S'.andard Oil N Y 7s. 1981 107 Steel Tube 7.. 1951 96 Swiss 8s. 1940 109 Sears Roebuck 7s. 1922 100 do 7s, 1923 iou 102 101 Union Tank 7s. 1930 102 U 8 Rubber 7 a, 1930 .102 Wilson first 6s. 1928 88 West Elec 7s, 1925 102 Westinghouse 7s, 19S1 104 Zurich 8a, 1945 104 Foreign Bond., Foreign bond quotation, f uralehed by the Overbeck & Cooke company of Portland: Bid Ask. Belgian reel 5, 60 64 Belgian prem 5s 65 70 Belgian 7a 1945 104 104 Belgian 8s, 1941. IOS 104 Belgian 6a. 1925 93 96 Brslil 8s (new) 102 103 British &s. 1927 899 409 British 5s. 1929 302 401 British vky 4. 301 811 British ref 4a 278 2x3 Bordeaux 6a. 1984 86 87 Canadian 5a. 1921 89 91 Canadian 5a. llil'C 94 94 Canadian 6s. 1929 96 97 Canadian 5a, 1931 94 95 Canadian 5s. 1921 84 90 Canadian 3s. 1927 89 91 Chilean 8s. 1941 C 101 101 Currency 8 10 Denmark 8s, 1945 106 107 Dsn Muni 8s. 1945 1U5 I06 French 4s, 1917 45 46 French 5s, 1921 63 64 French 5a, 1931 63 56 French 7., 1941 95 95 French 8s. 1945 101 101 German Will 8 3 Berlin 4s 8 4 Hamburg 4a 8 4 Hamburg 4. 4 4 L.lpalg 4, 4 6 Leipslg 5s 4 5 Munich 4s 8 6 Munich 5s 6 8 Frankfort 4. 4 5 Italian 3s. 1918 32 33 Jap 4S. 1931 69 70 Jap first 4s. 1923 84 83 Jap second 4 4s, 1925 84 S5 Norway 8s. 1940 1U7 107 Russian 5a, 1921 14 17 Russian 5a 1926 3 4 Russian 6s, 1919 IS 16 Swiss 5s. 1929 94 94 Swiss 8s, 1940 108 109 U K 5i. 1921 99 lis) . U K 5s, 1922 99 99 U K 6s. 1929 85 85 U K 6a, 1937 94 94 Foreign Exchange, Foreign exchange rates at the close of business yesterday, furnished by North western National bank of Portland. The CT - c. 1 11. T Swift 4 60 7s. 1925' ' amount quoted i. the equivalent of the foreign unit In United State, funds: Austria, kronen go 0OO8 Belgium, franca 071 Bulgaria, leva ..0073 Czecho-Slovakla. kronen 0112 Denmark, kroner .1816 England, pound aterllng .......... 8.95 F.nland. finmark 0215 France, franc. .0733 Germany, marks .0O45 Greece, drachmas 0426 Holland, guilders 8470 Hungary, kron.n ................. .0018 Italy, lire 042 Jugo-Slavla. kronen .............. .0032 Norway, kroner .141 Portugal, escudos . ............. .0913 Roumanla. lei .................... .0078 Serbia, dtnaim 0113 Spain, pueui .................... .1413 Sweden, kroner 2313 Swltxerland. Dane 1M2 China Hongkong, local currency.. .6415 Shanghai, taala 79 Japan, yen 4975 NEW YORK. Nov. 10. Foreign ex change, steady. Great Britain, demand. $3.94; do, cables, 83.94; France, de mand, T.27c; do, cables, 7.27c; Italy, de mand, 411c; do. cables, 4.12c: Belgium, demand. 6.93 c: do. cables. 6.96c: Ger many, demand. 0.86c; do cables, 0.36o; Holland, demand, S4.65c; do. cables. 84.61c; Norway, demand, 14.06c; Sweden, demand, 13.95c; Greece, demand, 18.27c; Switier land, demand. 18.85c; Spain, demand, 18.96e; Greece, demand. 4.20c; Argentina, demand. 32.62c; Brasll. demand, 12.87c; Montreal. 91 per cent. STEADY BESKKVK RATIO INCREASE Gala of Four-tenths Per Cent in Week Beported by Federal Board. WASHINGTON. Nov. 10. Combined re source, and liabilities of the 12 federal reserve banks at the close of business November 9 were reported tonight py ths iw.ru 1 .serv. ooira as rollowa: RESOURCES. Gold and gold certificates. . .( 469,250,000 Gold settlement fund, federal reserve board 600.723.000 Total gold held by banks.. $ 969.973,000 Gold with federal raMrve agents 1.723.523.000 Gold redemption fund 122,803,000 Total gold reserve. $2,816,299,000 Legal tender note., silver. eta. 144.484,000 Total reserves $2,960,783,000 Bills discounted Secured by U. S. government obligation, 453.621,000 All others 792 399.000 Bills bought in open market. 89.632,000 Total bill, on hand .$1,335. 632,000 U- S. bonds and notes 84,117,000 u. a. certificates of Indebt edness: One-year certificates (Pitt man act) 138.500.000 AU other. 53.099.OO0 Total earning assets ..$1,561,868,000 Bank premises 32,005,000 Five per cent redemption fund against F. R. bank notes.. 7.860.000 Uncollected Items 621.847.000 ah ulnar resource. ......... 17.9u9.000 Total resource, $5,101,868,000 LIABILITIES. Capital paid in $ 103.120.000 Surplus 213,624.000 Reserve for government fran chise tax 64,478,000 Deposits- Government 80.729.000 jaumner bank reserve ac count 1,670.124.000 ah viaer, 23.949,000 Total deposit, $1,726,865,009 F. R. notes in actual circula- tlon 2,420,831.001 F. R. bank notes in circula tion, net liability 80.524,006 Deferred availability Item... 478.024.000 All other liabilities 24.202,000 Total liabilities .$3,101,868,000 xiawo 01 total reserves to deposit and federal reserve note liabilities combined, 71.4 per cent. Ratio of gold reserves to federal reserve notes In circulation after setting aside S3 per cent against deposit liabilities, 97.8 for wui. Coffee Futures Decline, NEW YORK. Nov. 10. There appeared to be little support for coffee futures to day. The close was at the day's low, show ing a net decline of 7 to 15 point,. Sales were reported of aoout 50,000 bags. De cember. 8.43c; January, 8.28c: March, 7.97c; May, 7.87c; July, T.77c; September, 7.85e. Spot coffee, quiet; Rio 7,, 808o' Santos 4s, ll1'2c. . ALL GRAINS DEPRESSED HUfcE CORN RESERVES HAVE WEAKENING EFFECT. Buying Power in Chicago Wheat s Market Dwindles; Canada Still Controls Export Trade. CHICAGO. Nov. 10. Material setback! in the value of grain took place today largely as the result of the government re port show in if a huxe supply of old and new corn. The close in wheat, although unsettled, was 1 to lc net lower, with necember $1.04 to $1.04 , and May, 1.09to 1100. Corn lout 1 to lc, and oats H&c to HHc Provisions finished 10 to 30c down. With record-breaking farm reserves of corn officially confirmed, bearish senti ment as to all grain appeared to have de veloped to a considerable degree. This cir cumstance was not noticeable but in view of five days preceding advance many longs deemed it wise to realise on their holdings. Denpite continued dry weather In the southwest and general falling off In re ceipts, buying power dwindled and the sur plus offerings In the pit proved hard to digest. Bulis were further handicapped by word of general rains In Australia, to gether with advices that the recent failure of s,n Importing house at Milan. Italy, was on a large scale involving considerable wheat bought for December-January ship ment. Wheat grown In Canada continued to monopolize the new easiness with Eu rope and closing prices here were at only a moderate reaction from the day's low point. Bnlarged country offerings of corn were reported and it was predicted receipts would increase after November 20, when reduced freight rates go Into effect. Oats were governed by corn. Provisions were weak In line with grain, temporary advances in the value of tha hogs being ignored. The Chicago grain letter received yes terday by the Overbeck A Cooke company of Portland follows : "Wheat Trade was of a holiday char acter and mainly in the way of evening up contracts. Sentiment appeared some what friendly to the-buying side, but the incentive to promote bullish enthusiasm was lacking. The local sample market was strong and the basis somewhat higher, helped by demand from outside mills. There was little doing In export circles, although the tone of foreign news was rather bullish. Liverpool prices again were higher, reflecting a firmer situation abroad. A Spanish cable said contracts would be respected, setting aside the fear that a considerable quantity of wheat bought by that country for December January shipment might be canceled. One thorn in the side of those bulllshly in clined is the situation at the gulf, which can only be relieved by development of a broader export demand, as It is generally known that a large part of the wheat there Is unsold, with buyers hard to find at present. We can see where the position of the market has been materially changed during the last week, but we cannot see much basis for a straight advance at pres ent and rather look for a further recession before the upward tendency Is resumed. "Corn had a heavy tone most of the session, due to selling Inspired by the bearish government report Issued after the close yesterday and by reports of In creased selling by the country. The cash market, which was lower with futures, was restored by a good demand by ship ping interests and held relatively steady. This market. In our opinion, has quite well discounted all bearish factors. "Oats followed the action of other grains and completely lacked Individuality. Of ferings war well taken on the small de clines, presumably by leading short Inter ests. The cash market was unchanged and country offerings to arrive were light. "Provisions Lower and under pressure most of the day. Support was light and mostly by shorts. Cash trade was fair." Leading future ranged mm follows: WHEAT. Open. High. Low. dose. Pec. ....$ I.r.v $1WH $1.04 $1.044 May 3.11 1.0 1.0 CORN. Dec. May Dec May Jan. May .4- .5ii .32 .37 8 A .47 -W OATS. .S2 .37 PORK. LARD. ft 2 .45 .51 .32 '4 .S7 47 .4.1 .62 .87 8 4T SHORT RIBS. Jan 7 30 7.30 May 7 60 T 62 7 0 Cash prices were as follows: Wheat No. 2 hard. 107. i Cora No. 2 mixed. 40c; No. 3 yellow. 47c- . ... ,1 white. 31 G33c. Ky. No. nominal. Barley 53 ff 54c. Timothy seed. 4.Me.VM. Clover seed. flKfe 18.30. Pork Nominal. I-ard 03. Rib. ttie 7.7 Primary Hecipta. CHICAGO. Not. 10. Primary wdpts Wheat. 784,000 bushels arainst l.Sbd.OOO bushels; corn. 737, 0OO bushels aicainst 233. 000 bushels: oata 343.00O bushels acainst 434.0ta bushela I Shipments Wheat, 1.027,000 bushel, axalnat KKD.000 bushel. ; corn 1 30.000 bush els against 130.O0O bushels: oats, 270.000 bushels asatnat 334.O0O bushels. Clearances Wheat 1.048. 000 bushels: corn 89,000 bushels; rye 20,000 bushels; flour 91 000 barrela Carlota Winnipeg-: Wheat 1128, oata 84. barley 33. Omaha: Wh.it T, corn 11. oats 8. SI Lmla: Wheat 24. corn 86. osts 12. Minneapolis: Wheat 333, corn, 1, oat. 16. Duluth: Wheat 113, corn 6. oau 1. Kla us city: Wheat 64, corn . Minneapolis Grain Market. MINNEAPOLIS. Not. 10. Barley. 34 O 63c: flax. No. 1, $1810183; wheat. le cmber tl.18. May tl.184.. Arv-entln. Wheat Market. BUENOS AIRES, Not. 10. Wheat closed, November. 31.0601.10; February, U 01. un changed. , WlnnlpatT Orala Market! WINNIPEG Not. 10. Wheat. November. I1.07H; December, el.oett; May. 31.08. Grain at San Francisco. SAN FRANCISCO. Not. 10. drain Wheat, milling, fl.8091 90: feed. ll.SOO I. DO: barley, feed, 11. 201. 23; shipping. II. 27ttei.32tt: oata, red feed. 31.40 tfl.BO; corn, whit. Egyptian, 31 67 tt l-70; red mllo. 31.62 ttt 167 tt. Hay Wheat. No. 1. 116918; fair. $13 016; tame oat, $1313; Mild sat. $1012; alfalfa, 31213; stock, 38010; streaar. 310 12. beattls Grain Market. SEATTLE, Not. 10. Wheat, hard whlt. white club. SI. 03; soft white, $1.02; hard red winter. $1.04; soft red winter. $1.02; wheat, northern spring, 91.04; eastern red Walla. $1. City deWTery Corn, whole yellow $35, cracked $37, feed meal $37: barley, whole feed, $34: rolled $3e. ground $30, clipped $41; oats. wool, feed $36, rolled $38, ground $38, sprouting $41: wheat, re cleaned feed $44, all grain chop $88. chick feed $37, chick mash $53, growing feed $53. growing mash $51, egg mash No. B M. $48. scratch feed $45. wheat mixed feed $23, cocoanut meal $30. cottonseed meal. $46, linseed oil meal $00, soya bean meal $62. Hay Alfalfa No. 1, $30; timothy No. 1. $27; straw, $18 Week's Whoa Shipment. Larger. World ' shipments of wheat last week and In th. aam. week last year were: Wk. end. Wk. end. Oct. 5. '21. Oct. 8. '20 V S. and Canada 6,9Sl.0i0 8.620,000 Argentina 217.000 116.0O0 Australia 3,112.000 232,000 Others 232.UOU Dlsunmoimdls Totals 10.541.000 8,9oS,000 Shipments for the season to date com pare as follows: Tot. since. Same per.o July 1. "Jl. Last urason. TT. S. and Canada. .1H3.8H7.0O0 177.3O5.oo0 Argentina 13.S84.0oO 3it,2H.OO Australia 23.2M..0O0 12.H0fl.0tK) Others Ii.088.OO0 18.00 Totals 224.815.000 229,467,000 North American wheat and flour ship ments this week. 7.216.000 bushels against 7.358.000 bushels last year: corn. 1,028,000 bushels against 543,000 bushels. Argentina shipments estimated this week, wheat 185,000 bushels, corn 1,600. 000 bushels; oata, 70.000 bushela. SAN FRANCISCO PRODUCE MARKET Prices Current on Vegetable. Fresh Fruit. Etc. at Bay City. SAN FRANCISCO, Nov. 10. Poultry Hens, 23?30c; rooster young. 2vu42bo; old. 16 18c; young chickens. 26&30c; ducks. 2orft;!2c; turkeys, dressed, 4248c; live, 35 & 38c Vegetables Artichokes, $10012 a case; squash, $ 1 1.50 a 40-pound lug ; pota toes, $23.75; onions, brown, $4 4.25; crystal wax, $3; tomatoes, 75c $1.50 a lug: cucumbers, $11..5 a lug; peppers, 6575c a lug; beans, string, 5&9c; limas, 12c: carrots, $lo1.2l a sack; eggplant. $1.251.50 a lug; mushrooms, nominal; lett uce, ff - a crate ; ceiery, l. ou 02.50 crate; pumpkins,. 75c 6 $1 a sack; peas. 7 4 15c a pound; sprouts, 6 & 9c a pound. FruH Oranges, Valencia. $4tf 6.25; lemons, $3 4? 3; grapefruit. $4jp4.50; apples, 1W and 4-tier. $1350: strawberries, pet crate, $1.502.25; raspberries, per drawer. $ctl: blackberries, per drawer. 50c $1; figs, double layer, $161.00; casabas. oer crate, e 5 to ioc ; grapes, seedless. s.&; others, $3 4; cranberries, per box, $5 ReceiptsFlour. 100 quarter sack; wheat, 100O centals; barley, 163.583 cen tals; corn, 13 centals; onions, 300 tftcki; potatoes, 2673 sacks; hay, 140 tons; hides, 403 bundles; oranges and lemons, 800 boxe: liveptnrk. Hi!5 head. imv.--i. i - " n Double Security REDMOND 7 Water Bonds These bonds are not only the direct general tax obli gations of the entire city but, in addition are secured by net revenues from th. ' water system. . Redmond was recently se lected as the location for the $100,000 building: of Des chutes County Union High School District No. 1. This excellent school will draw students from two-thirds of Deschutes county. Kedmond now has two national banks, two hotels, large warehouses, two a;ood-sized hardware and implement stores, a large and modern department store. Building activity Is marked. Several brick busi ness buildings are under construction. Two apartment houses and a number of residences are also being; erected. PRICE: 101.75 and interest yielding: 6.75 IV o.tio.al slat, aad fall 71 thereafter. CLARK-KENDALL e-co, inc. Firth and Stark Streets GOVtRMrltMT-MUNlClrVVt CORPORATION BONDS BSL Tililbv i r i KORITE Scientifically Waterproofs Shoes Aak Year Dealer The World's Foremost Collateral A hundred, thousand dollars' worth, in the F. Friedlander Cos Sale at a fourth . to a half less THE F. FRIEDLANDER COMPANY offers its entire stock of Diamonds and Diamond set Jewelry at a fourth to one-half less than the regular fair prices. This is because the store has "too many dia monds and not enough money." The following will give an idea of the values in the sale, whichjs resumed tomorrow: All $100.00 Solitaires now $ 72.50 All $150.00 Solitaires now... $100.00 All $ 75.00 Solitaires now $ 58.50 A $2500.00 Solitaire now $1650.00 A $2200.00 Solitaire now $1150.00 A $2500.00 Platinum Bar Pin $1650.00 A $ 950.00 Diamond Flexible Bracelet $585.00 A $ 225.00 Opal and Diamond Ring. . . .$150.00 A $ 25.00 (group) Bar Pins $ 12.85 A $ 550.00 Pearl and Diamond Ring. . .$295.00 A $ 950.00 Platinum Diamond Watch. .$475.00 THE list could be lengthened "ad libitum," but the foregoing will suffice to show the charac ter of the sale and its scope. The Wall Street Journal designates Diamonds as the "world's foremost collateral," and at these figures they wTill assuredly pay handsome profits in the near future. Diamonds always advance always have and always will. BEST of all, they are an "outward and visible sign" of a substantial bank account ! Sale resumed tomorrow closed today, of course. Ithankyou, GEORGE FRANCIS ROWE. mm DWDERS We offer: "A A" Rating KINGDOM OF NORWAY 3 Bonds of 1888 Denominational CIO0O, C54M), 1100 and C30 Principal and aonii-annual interest payable In Kngllsb. Founds Sterling. Tou may realise an annual Income on an investment in these bonds of from . h 6 to 7.50 and in ADDITION to this an increase in principal of 100 to 150 mm exchanff approaches par value. Price: $200.00 per each 100 Bond Write, Phone or Wire for Full Details E L Devereaux fimpany INVESTMENT BONOS 0T SIXTH STREET PORTLAND. OREGON - BROADWAY IOO GROUND FLOOR WELLS-TARCO BUILDING We Own and Offer ' $20,000 PORTLAND GAS & COKE CO. 5 Per Cent Bonds Due January 1, 1 940 THE bonds of this well known Portland utility company offer an excellent opportunity for conservative long- time Investment at a good rate. Price 84 and interest H Complete detail, on re quest. noxn DEPT. Open Si.'IO t. 5 Sat. 83U to 3 LADD & TlLTON Bank Oldeat In the northwest. WASUI.VHO.V at THIKD ITffiTTs 3,'T'i'TTTrrg WHY PIERCE-ARROW DECLINED We have prepared an Interest ing and instructive letter on the above Issue which should be In the hands of every holder and prospective holder of Fierce Arrow. Copy B-B sent free upon request EdwmE.Kohn&Co. Members Consolidated Stock Kxchange of New York 55 Broadway New York Cascara Bark Births, Wool, Pslts, Mohair. Ws An In ths Uarkst. Write for Prices and Shipping Taga POKTI.AND urns A WOOL CO., GEORGE U. SULLIVAN. Manager. 107 I'nion Ave. '., Portland, Or. Striking Results Experiment by experts to deter mine the effect of Impact on pave ment, shown that a welirht of 7".r.O pounds on the whel of a trtick movlnff 15 miles an hour becomes 43,000 in Ita destructive effect if th wheel has a drop of one In-rh, by running ovr a nmHll obstruc tion or crack In the pavement. Therefore, In eolvinK the impnet p rob lorn, enlneera who have the taxpayers' Intercut at heart. ue a pavement that in resilient one that will nbforb the shock of Im pact. Wai r.nlte-HH ullthic has all the desirable qualities in a pave ment. Including resiliency. HERRIN & RHODES, Inc. Established 1R9. BROKERS Jfeir Tvrk Ptfwtt-.. Bond, Grain. Cot private Wire. jtfmlxr Cliloavtie Hoard of Trade. tOl-S Runway KicbanC Bid. TwUDbons lftn.a KORITE Makes new 6hoes comfortable. Saves Painful Breaking-In. Ask aeux Dealer ,