THE MORNING OREGONIAX, SATURDAY, AUGUST 26, 1922
21
STOCKS AGAIN SAG
L AFTER EARLY RISE
Failure of Industrial Confer
ence Responsible.
NEXT MOVE IS STRIKERS'
Wall Street Xow Confident of Col
lapse of Walkout and Re- 1
turn of Men to Work.
BY ALEXANDER DANA CJOYE3.
(By Chicago Tribune Leased Wire.)
NEW YORK, Aug. 25. For the re
action which occurred on the stock ex
change today, after an Irregular advance
in the earlier market, the failure of the
j effort to settle the railway dispute
through, arrangement between separate
committees and their striking shopmen
was commonly held responsible. Few
people in or out of Wall street, bow
aver, had expected any other result.
It was evident that the shop craft
union was insisting on recognition of re
stored seniority privileges as a principle
and on the nation-wide application of it,
and that it wouia tnerefore reject the
proposal of action by individual railways
vhnsM fittnntlnn wiijrhf m&kA such restOr?
atlon possible without conceding the
W principle. The view of the matter gen
erally ta&en in imauciai viruiea vb
that the shopmen's union now stands
quite alone in the matter, since the
mediating brotherhoods had pressed for
acceptance of a compromise. This being
so, the next development is not unlikely
to be the individual return of the strik
ers and the general collapse of the
strike.
The stock market's movement was not
uniform. Some stocks gained ground for
the day, and prices of those whish de
clined were in most cases left somewhat
higher than the closing returns of last
week. As a rule they ended today at a
light recovery from the day's lowest.
There was not muoh discussion of the
proposals in congress for the government
to take over and operate the coal mines
in cue the Rtrike continues. From the
I first this proposal, whether applied to
mines or railways, has been regarded in
financial circles as ne practicable solu
tlon. Only on the supposition of the
government's surrender to all the d
mands of the striking employes could
federal operation accomplish more in re
suming production than private opera
tion is accomplishing.
Foreign exchange was distinctly af
fected by the announcement that the
oonference of the reparations commission
with the German government had fftllei
if rARiilt);' hilt h m nvampn t rf V.iiT-n
I Dean rates was remarkably conflicting.
as it had been yesterday. The mark
went a small fraction lower, the fran
loJt nearly cent for the day, and Bel
gian and Italian exchange gave way
sharply. But Czech exchange advanced
again. Dutch exchange was higher and
the- Swedish, rate went within a trifling
traction 01 parity.
tears Roe T 1923
do 7s , ,,, 19:3
Steel & Tube Ts. .......... . 1951
Swift & Co 7s la.'S
do 7s 1931
Uni Drug 8s 1941
U S Rub 1st ref 5s 14T
do 7iss ;.. 1H8H
V 3 Ktvel sf Ss 19ti3
Va Chrm i ............... ID ,'3
do 7"k 19;
West Elec Ss .t...... 102
West U T col tr 3s.?. 1HH
West Union Bs 13
Wilson 1st 6s 1941
Wilson cv 6s ,..,.....,... 198
West Eleo 7s lBl'S
Westinghouse 7s............ 1931
Public Utilities
Amn I.t & Tran 6s 19'J5
Ami Tel coll -4s lB-'tt
do Ss 194H
Amn Tel Ss llC'S
Bell Tel of Pa 7s 1945
B R T 5s A.. 1945
Cities Service 7s B, ......... 19B6
do 7s C 10H
do 7.i D 196
Int R T ref 3 196
Laclede Gas 7a 1930
1943
1941
1937
1942
1U25
lB'.'S
1931
1930
1933
1923
1930
1936
1925
1931
1931
1931
1936
Mont Power Ss A
Northwest Tel 7s ..
Pac Tel 5s
Pac Gas 5s . . . , . v 9 .
Souwest Tel 7s ...........
Oil Bonds
Anglo Amn 7Hs ...
Atlantic Her b'-ss
Galena S Oil 7s
Gulf Oil 7s
Humble 7s .....
Pan Amn 7s ....
Mex Pet cv 8s . .
Sinclair 7s ....
S u tal is
do N Y 7s
Tidewater Oil 6&s
vacuum uii 7s
Foreian eovernmenr
Argentine 7s 1927
Belgium 8s 1941
Bolivia Ss ., 1947
pa ................... 1941
Brazil 7s 19.12
Canada 5s .............. 1952
Chile 8s 1946
Czecho-Slovak Ss .......... 1951
Denmark 6s 1942
Dutch Bast Indies 6s 1947
do im2
Mexico External 5s ......... 1954
do 4s 1954
Netherlands 6s 1972
Paris-Lyon-Mdtrn 6s 1958
Rio de Janeiro 6s 1947
Seine 7s 1943
Foreign government city bonds
Berlin 4s
Greater Berlin 4s. ..... .. ....
Hamburg 4s ......... , ..
Bremen 4s .... ..... ......
Cologne 4s . .i
Dresden 4s . . . .. ... ...
do 4s . . ..... .v. .. . .
Dusseldorf 4s
Frankfort 4s ,
Leipzig 4s ...
do 414s ....
Munich 4s...,
Stuttgart 4s
Essen 4s
Bremen 4a
Hamburg 4Ve ........ ....
French Internal 4s ......... 1917
French Victory Bs .1920
Belgian Restoration 5s. .... ....
British 214 consols , ...
Ital Cons War Loan 6.... ...
Curb bonds
Allied Packers s
Am Tel A Tell 6s 1922
do 6s 1824
10014
10114
101
102
10314
112
9814
102 9,
10414
111014
105
100 li
114
101
96
10H
104 V
J07
93 'A
99
114
109
6414
123 14
93
21
7214
102
99
10T
81i
94
102
103
103
J 1 '
104
10B14
101 14
10614
10a
10514
1031,
10U14
DECLINES DUE TO SLUMP IN
EXCHANGE RATE.
1995
1952
1930
1948
1933
1995
1963
1946
New York Bonds
Furnished by Jordan, Wentwortb.
Co. of Portland:
Railroad bonds -
Atch gen 4s . .
A C L 4s ................
A C L 7s .......... IWN,
B O gold 4s .............
B O con 4a cv ....xm.
B O ref 5s
Canada Southern 5s .....
Canadian Northern 614s..
Canadian Northern 7s ...... 1940
Central Pacific 1st 4s 1949
Chicago N West 614s 1936
Ches & Ohio cv 41is ....... 1930
Ches & Ohio gen 41s . 1992
Ohee & Ohio cv 6s 1846
Ches & Ohio cv 5s ......... 1939
C B & Q 111 div 4s.......... 1949
O A West Ind 4s ,
C G & W 4
C M & St P 4s
C M & St P cv 414s
C St e St ? deb 4s
C M 4 St P gen 4s A ...
C M t St P cv 4s
OM&StPg&r 414s A
Chicago N w gea 4s
1952
1959
1925
1982
1934
1989
2014
2014
1887
Chicago N W 7s. ......,.,.. 1930
C R I & P ref 4s
Colo Sou, rf ex 414s .
Colo Sou 4s .........
Del & Hudson cv os
Del & Hudson 70 ....
D & R a cv 4s
D & R a ret 6s .....
Erie P L 4s ,
Erie con 4s- A.
Erie B .............
Erie D
Erie Pa C G 4s
Grand Trunk eq 614 s
Great Nor 414s
Great - or
!
1934
1985
1929
1935
1930
1936
1955
19S6
1953
1953
1953
1951
1836
1961
. .u 1936
Great Trunk 6s 1936
Great Trunk 7s ............ 1940
111 Central Jt 6s ........... 1963
111 Central ref 4s ........... 1955
K C Sou ref 5s ..."-......... 1HSO
Keo & Des SI 1st 5s -j,. ...... 1923
L S A SI S 4s 1931
L & X 7 193t
LAN uni 4s 1940
M St P & S S M 614s 1946
SI K & T 4s 1990
M P gen 4s 1975
do ref 5s ....ji.. 1923
do ref 5s 1926
NYC deb 4s I... laSi
do con 4s l'.ins
do ref imp 414s ... ......... 2013
do cv deb 6s 1935
'do coll 7s 1930
N Y N H & H cv 6s.......... 1948
J O Tex & Mex 5s.......;.. 1935
N P P L 4s , 1997
do 6s 2047
N P Gt Nor jt 6 lis 1936
O S L ref 4s ..T 1929
Pennsylvania 614s ......... 1936
do gen 414s ............. 1965
do gen 5s ...... ......... 19;8
do 7s 1930
do 61,s 1936
Heading gen 4s 1997
a A L 4s 1950
do 5s .................... 1949
. 1945
. 1994
. 1929
. 1955
. 1950
. 1934
. 1950
. 1931
, 1950
, 1931
. I960
, 1952
. 1932
. 1989
. 20110
, 1947
. 1927
, 2008
. 1928
. 1930
. 1939
, 1939
. 1946
19S9
1941
1947
1923
1929
1929 .
, 1930
1939
1933
1923
1935
1942
1931
' 1932
192S
1925
1923
1924
1925
1943
1934
1931
1930
1927
1935
1931
1924
1941
1952
1940
1925
do 6s A
Sou Ry con 5s ...........
So Pac cv 4s ............
do ref 4s
do sf term 4s .........
S P conv 5s
Bt L S F P Ii 4s A.
do gen us ...... .......
do P L 5s B
do gen 6s
do inc bs
St L & S W 1st 5s ..
do con 4s .........
do 1st 4s
Tex Pac 1st Ps .....
tin Pac 1st 4s .....
do cv 4s ..........
do ref 4s ..........
do 6s
X'n Tank 7s .........
Wabash 1st 5s
do 2d 5s
W-st Pa c OS ..
Induptria Is
Allied Packers 6s ...
Amu Agr Ch 71,3 ..
Anin Sni 1st 5s .....
Amn Tob 7s
Anaconda 6s A .....
do 7s B
Armour cv 7s
do 4 !js
Beaver IJuard Ss ...
Bethlehem Steel 7s .
do eq 7s
do ref 5s
Cerro de Pasco Ss
Chile conv 6s A ....
do 7s
Col Graph' 8s
Copper Exp Ss ......
do 8s ,,
do Ss ,
Colo F I gen 5s
Colo Ind 5s
Cuban Amn Sugar 8s
Cuban Cane cv 7s ..,
Distillers Pec cv 5s .,
Diamond Maxell TlsS-
Dupont 71,s ,
Empire Gas Fuel 6s .
Fisk Ss .............
Gen Elec deb 5s
do 6s
Goodrich 7s .........
do Ss ................... 1941
Heinz 7s 1930
Hershey 7Hs 1930
111 Steel deb 414s 1940
Ind Steel 5s 1952
Tnt Agr 5s 1932
Kelly Springfield 8s ...... 1931
Kennecott 7s .............. 1930
Lack Steel 5s ............. 1923
do 1st 3s 1950
Llbby SfcN L7s 1931
Llg & Myers 5s 1951
do 7s 1944
Lorillard Ss 1951
do 7s 1944
Midvale 5s 1936
Slorris & Co 71js .......... 1930
Procter & Gamble 7a ....... 1923
Republic I & tit Ss . 1310
93
91
107 14
88
87
92
101
11214
11314
901,
1121
901
!W4J
88 14
10314
9214
771
624
S614
7814
79
79
68.
90 i
10914
85
91
93
88
11014
79
4714
69
64
541.
59
9014
108
111
11114
10414
113U
821i
92
82
94
1914
3fc
105
8314
6914
10014
97
91T4
8614
90
107
100
84
7514
80
109H
10414
9414
110
8414
10314
11U
110
8614
6114
31
71
9914
93
92 "4
8514
102
uu
88
10414
78
8414
80
8014
9814
94
95 u
80
10514
103
99 14
111
8714
8214
1414
94
102
102
104
105
8114
19
106
10414
964
12714
95
106
3914
102
103
103 '4
9114
79
100
89
45
108
108
101 1;
107
10214
107
103
115
105
104
93
100
81
95
108.
105
100
93
100
98
111
90
117
90
105
101
45
100
103
9.1 )
10.?.
91
99
103
94
98
95
85
57
44
98
75
8S
1
1
1
1
T4
1
1
1
x
1
84
08
6S
52
35 3
81 'A
100
1M
Anaconda Conner 63 . . lOIT
Anaconda Copper 7s ' 104
Anglo-Am OH 7s 103
Armour Co 7s............. .... 104
Beth Steel 7s 1935 104
Copper Ex Aesn 8s 1924 102
Copper Ex Asn 8s 1925 103
Gulf Oil Co 7 .... 104
Humble Oil 7s .... 10i
.-ers .rioe is a-year. J8Z3 301 14
So West Tel 7s 103
Stand Oil N Y 8s 1933 109
stana uu r Ts. 1926 10KK
Swift A Co 7s....... 3925 101 ft
do 1931 103
vacuum uu is. , .... zuu
foreign Bonds.
Furnished by overbeck & Cooke con
pany of Portland:
. , ...
...... k
Belgian rest 5s ..... 1919
do prem 09 . 1920
do 7s .......... 1945
do 6s 1925
Brazil 8s 1941
do 7s ............. 1932
British Ss .......... 1922
do 5s 1927
. do 5s ............. 1929
do vky 4s ......... 1919
do ref 4s ......... 1919
U K 5a ........... 1922
do 6s 1920
1937
1934
1926
1927
1929
1937
1TI31. 100 1II0
Ss .......... 1951 52 54 '
JU3 104
do Slzs
Bordeaux 6s
Canadian 5s
do 5 s ..
do 514s ..
do 5s ....
do 5s
Chinese
Chile 8s 1841
French 4s 1......... 1917
do 6s 1920
do 5s ............. 1931
do 7s 1941
German W L &s. ..... ....
Berlin 4s ....
Hamburg 4s ........ ....
do 4fes ........... .
Leipslg 4s ....
do as .
Munich 4s
do 5s
Frankfort 4a ....
Italian 5s ........
Jap 4s
do 1st 4s ....
do 2d 48 ....
Norway Ss
Swedish 6s ....
Denmark 6s
do 8s
Russian 5s
ao os ........
do 614s
Sao Paulo 8s .....
Swiss 5s .
do-Bs
Bid.
68
104
99
101
9914
92
95
S3
78
78
109
109
105
82
99
98
102
89
Asked.
71
76
104
100
101
89
85
98
96
80
80
109
110
105
- 82
100
100
102
lou
48
69
58
88
101
1918
1931
1925
1S25
1940
1939
1942
1945
1921
1826
1919
1936
1928
1S40
35
80
94 T
94
111
104
95
116
13 .
100
103
120
49 H
2
5814
99
102
1
-i
'ii!
1
1
1
1
114
36
60
94
04
112
105
. 95
111
17
2
17
100
104
. 120
Foreign Exchange.
NEW YORK. Ann 25
change steady. Great Britain, demand.
14.47 1-16; cables. $4,47 5-16; 60-day bills
on banks J4.44 13-16. France, demnnrl
ii: cables, 7.47. Italy. demand,
.2014: cables 4.29. Hlhi,U
7.09; cables. 7.09. Germany," demand!
.05; cables. .05. Hollanst. rirnnri
89.03; cables. 39.08. Norway, demand!
1 .o0. Sweden, demand, 26.73 Den.
mark, demand. 21.57. Switzerland h.
mana, 19.07. Spain, demand. 15.56.
Greece, demand, 3.20. Poland, demand.
l-i. Czecho-Slovakia, demand.
demand, 13.35. Montreal, 89. 1
Foreign exchange rates at that fln nt
nusiness yesteraay. rurnlsned bv North
western National bank of Portland. The
amount quoted is the equivalent of the
lu'ift" unit ill Ulllieu OIULCB lUDOS:
country Foreign unit. Rate
Austria, kronen .............. .S .00003
Liberty Group Yields Slightly.
RaUa In Less Demand and
Irrqgular In Price.
NEW YORK, August 25-Pronounced
weakness of French government and mu
nicipal issues was the outstanding devel
opment in toe more restrict. d
in bonds in today's market. Declines of
Tilt HJp?mt?, were roistered by French
7s and 8s. Bordeaux
6s, with substantial , . , ;
in all other French issues reflecting the
decided slump in French exchange?
ifaneSe fnd Mex'can governments 4s
t, r ,?." ""I"' or ore' hut Cuba
5s of 1904 were relatively strong
?Ur.J'W,n issues yielded slightly.
In the industrial list. Marine 6s recov
ered more than a point, following their
recent decline, which was attributed to
reports of prospective cuts in traas-Atlan-
n fuueiKer rates. Cerro rt T.Sr t.
scored a substantial nlvin.-a hut
.. 2,800
. 100
. . 900
500
B4
80
18
100 111 111 112
1,400 42 41 41
I'.'.'.'.'.'.'.'. 38
1
4
8 8
110 110
14 15
also
American Teleohone
tinuad heavy under the dampening in
"Hf00 f. an early offering of 1115,000.
000 additional stock.
Rails were in much less demand and
mixed changes prevailed. New York
State Railways 4s advanced S in
light dealings, while gains of 1 to 1
points took place in Chicago. Burlington
& Quincy. Illinois divisions 3s, Minne
apolis & St. Louis refunding 4s, Texas &
Pacific firsts and Western Maryland 4s,
While losses Of a DOlnt Or mr w.r.
noted In Chesapeake ec Ohio convertible
s ana est. .raul general 4s.
000 tal Bal6S Par vaIue) w 113,103,
The principal new offering today was
m. io,,iu issue 01 Chicago Joint stock
uuiu uan oonas, wmcn was offered
yield 4.60 and were quickly subscribed.
The stock market, after an early dl
play of strength, turned decide.Htv haw
in the final hour today in respense to ex
tensive selling pressure exerted upon the
announcement that the strike conference
oetween certain railroad executives and
uiuinernooa cnieis, acting, as mediators,
naa been definitely broken off. Most of
me aay s gains were canceled and man
stocks were depressed one to two points
otfiow yesteraay s closing quotations.
Liquidation was directed nrincinallv
against railroad shares, steels and equip,
ments on the theory that those industries
would suffer most by the prolonged labor
u-ouoie. Aowever, rails orrered stubborn
resistance in the face of an announce
ment by B. M. Jewell, shopcrafts leader,
tnat It would be a "fight to the finish.1
Stocks like Northern Pacificc. Chisago i
Northwestern and Atchison, which had
advanced materially In the last few days,
sold off more than a point, while shares
like Union Pacific, Southern Pacific,
Reading an ttrte, wnlch were in a bet
ter technical position, yielded only frac
tionally. Louisville se Nashville. Omaha
and Ann Arbor preferred established
new high records during the day, but re
ceded with the general list at the close.
United States Steel was pushed up to
luo, the highest price in two years,
but sold off half a point at the close.
Crucible and Vanadium also established
peak prices and managed to hold part of
their gains: Activity in steel shares was
attributed to the announcement of high
er prices for steel and iron products.
which is expected to find reflection 1st
forthcoming earning statements.
Public utilities issues, especially gas
shares, were in active demand'. New high
records for 1922 were made by Consoli
dated Gas. Columbia' Gas. North Amen
pan company and Laclede Gas. Leathers
were also strong, peak prices being
reached by Central Leather common and
preferred and American Hide &. feather
preferred.
Speculative attention was conrineq.
argely to special stocks. Lima Loco
motive was pushed up to a new high on
the announcement that it baa received.
an order for 4o locomotives from tne
Katy" system and American Telephone
recovered most of its recent loss wnen
further study of. the proposed 1116,000,
000 new stock Issue revealed that the
proceeds would be used largely for busi
ness expansion, which in turn would un
doubtedly mean increased earnings. Por
phyry copper shares responded well to
the increased output figures and de
creased deficits revealed by the latest
quarterly reports.
Call money again opened at 3 per
cent, but hardened to 4 at tne close
Time money was quiet, with funds avail-
ble for 60 days and uu days it 1 111 i
ner cent.
Failure of the reparations commission
to reach an agreement with the German
government caused a violent aecnne in
continental exchange rates. German
marks fell to the extreme low rate of 5
cents ner 100. and French francs r
cted 36 noints to a new low record lor
the year, with, slightly smaller declines
In the Belgian ana Italian rates, owtsu
ish kroner touched par for the first time
n three years, but reactea later, taeens-
Slovakian crowns rose iy jjuiuio u ah
nih.r new hiirh level.
Total sales for the day were uuo.uvu
shares. '
CLOSING STOCK QUOTATIONS.
Furnished by the Overbeck & Cooke
company of Portland:
Gulf S Steel
Glen Alden
Houston OH . , .
Hupp Motor ...
Ilia Central ....
Inspiration . ..
Int Ag Cpr com
do pra ......
Interboro . ......... .....
do pfd
Int Callahan .. 500 8
Int Harv 800 111
Int Merc Marine 8,500 15
do pfd ......12,500 57
Int Nickel .... 2,100 18
Int Paper 3,400 58
do pfd ......
Invincible OH . 8,200 14
Island Oil 200 "Si
Jewel Tea 500
K C Southern.. 600
do pfd
Kelly Springfield 1,400
Kennecott ..,.,.11,000
Keystone Tire. . . 300
Lack Steel 2,200
Lee Tire 800
Lehigh Valley.. 1,500
ijorlilara
Loew Theaters. .
L & N
Lima Loco ....
May 6tore ....
Maxwell pfd A
do B 300 184
Mex Pet 13,200 185 181
82
54
78'
15
83
54
79
17
HIT GROWERS STRONGER
ACREAGE AND MEMBERSHIP
. DOTJBIiED IN YEAR.
54
17
56
18
26
44
37
19
80
27
68 t
500 171
500 18
1114
18
25
43
36
18
79
'26
68
168 170
18 18
56
17
68
So
14
fi
18
25
58
43
37
8
80
27
08
1,000 138 137 137
18.200 63 60 61
18
291
13
35
19
'23
23
60
19
41
58
Sales, High. Low. Bid
1 -
Belgium, franca ...
Bulgaria, leva
Czecho-Slovakia, kronen
Denmark, kroner
England, pound sterling:
Finland, finmark ., .. ..
France, francs .............
Germany, marks ......... ......
Greece, drachmas
Holland, guilders .... I
Hungary, kronen
taiy, lire .
Jugo-Slavia, kronen ...........
Norway, kroner . . . .. ,.M .. . .. .
Portugal, escudos
Roumania, lei .
Serbia, dinara .................
Spain, pesetaa
Sweden, kroner
Switzerland, francs
China, Hongkong, local currency
do Shanghai taela ..........
Japan, yen
.0730
.0067
.0365
.2170
4.49
.0223
.0765
.0007
,0332
.3910
.0010
.0440
.0085
.1725
.0625
.0088
.0128 ,
.1563
.2685
.1915
,6T0S
.7775
.4825
QUOTATIONS ON DAIRY PRODUCE
Current Market Ruling on Butter.
Cheese and Kggs.
SAN FRANCISCO. Aujr 25. fTT a.
Bureau of Agricultural' Beonomlcs)
Butter, extras, 43c: prime firsts. 40c:
firsts, 39c.
Eggs Extras. 40c: extra- firsts. 39c:
firsts, nominal; extra pullets. 31c: un
erased pullets. No. 1, Sic
Cheese California flat fancv. 18U.O-
California flat fancy firsts, 19c: Young
Americas, 26c. ,
NEW YORK, Aug. 25. Butter firm.
Creamery higher than extras, 8737e,
extras. 36 36e.
Eggs Firm; fresh gathered extra
firsts. S0f?32e; do firsts. 28 fp 29c: state,
nearby and western hennery browns ex
ras, 36(B42c: firsts to extras. 3735c
Cheese firm.
CHICAGO. Aug. 25. Butter, higher:
creamery extras, 84ft34e; firsts, 2014
10; extra iirsts, B- 33Vc: seconds. 28ffl
2c; standards, 33c.
Eggs Higher. Receipts. 7885 cases:
Firsts. 23tr24c; ordinary firsts, 20
21e: ' miscellaneous, 23$28c; storage
paeked firsts, 24 25c.
SEATTLE. Wash..
and eggs unchanged. -
Aug. 25.-Buttr
Metal Market. .
NEW YORK. Aug. 25.- Copper rteadv:
electrolytic, spot and futures, 18 T4 014c.
iin easy; spot ana xuiures, 3ic.
Iron steady and unchanged.
Lead steady; spot, 5. 90S 8c.
Zinc quiet; East St. Louis soot and
nearby delivery, 6. 20 6. 25c.
Antimony- spot, e.255.S7e.
Sugar Market,
NEW YORK. Aug. 25. Haw sugar.
centrifugal, 4.80c; refined granulated.
80c.
SAN FRANCISCO. Aug. 85. Califor
nia-Hawaiian, raw aucar, 4,80,
78
21
70 1i
.1214
82
50
300 100 .
200 47
300 41
8,900 61
i
400 186"
100 27
500
200
300
600
100
'2,26'
2,500
T7
20
70
8l"
57
'"u7
47
40
00 14
77
"20
70
i
58
"99'
4t!Vi
39
60
Stock-
Adams Express..
Advance Rum ..
do pfd
Ajax Rubber ,t.
Alaska Gold
Alaska Juneau..
Allied Chem. ...
llis-Chalmers . .
AHi8-Chalmers . .
do pia
Am, Beet Sugar.
m. Jtioscn .
m. Can Co.
m. Can Co. pfd.
Am. Car & Fdy.
Am. Cot. Oil
Am. Cot Oil pfd..
Am. Drug Synd. .
Am. Hd & Leath.
Am. H. & L. pfd.
Am. Ice
Am. Intl. Corp,
Am. Linseed .
Am. Linseed pfd.
Am. Loco
Am. Loco nfd. ..
Am. Saf. Razor . 800 7
Am Shin & Com 2.900 16
Am. Smelter ... 3.700 65 5 83 64
Am. Smelts, pfd. 300 102 101 101
Am. Steel Fdy. . 2,700 42
Am. Sugar 1,600 83
Am. Sugar pfd.. 100 HQ
Amv Sumatra
Am Tel. & TeL. 16.200 121
Am. Tobacco ... 300 151 151
Am. Tob. "B" ... 30U 149 149
Am. Wool s
Am. W P. pfd.. 200 32
Am. lno 200 18
Anaconda 13,000 56
Assd Oil 100 116
Atchison 1.300 104
Atchison pfd. ... 100 94
100 14
600 74
100 111
2,700 34
, 100 55
3,500 121
185
27
'ii'
73
111
33
185
27 ,
C2
6
14
73
H
84
34
35 55
118. 119
.119
6 6
15 15
64
; 82
no
41
as
110
36
119 121
lot
149
98
18
53
lib
103
94
Miami 20O 29
Mid States Oil... 2,700 13
Midvale Steel... 6,100 36
MKT WJ 5,100 19
do pfd 5,500 47
Mont Power 100......
Mopt War4,.., 24
Mo Pac 4,500 24
do pfd 5,500 61
Mex Seaboard.... 9,800 20
Maryland Oil ... 2.40O 42
Nat Enamel 1.400 59
Nat Lead -. 17,000 107 103 103
jsev&oa.cen. , . . . 500 17
New Haven ..... 6,800 32
Norfolk se W..,. 6O0 118
Nor Pac 9,200 90
Nova Scotia. Stl 200 38
N Y Central.... 3,300 98
North Amn .... 6.600 86
Okla Prod ref.. ,1300 2
Ontario & W.. 800 27
Pacific Dev . . ., 200 5
Pac Gas & Elec. a. 900 80
Punta Alegro ..26,700 49
Pacific Oil' 5,000 57
Pan Amn Pet.., 8.700 80
do B 2.300 76
Penna 2.500 47
Peo Gas 400 92
Pere Marauette.. 6.100 40
Pure Oil , 6,600
57
18
Mo
13
35
19
23
23
60
19
41
08-14
03
17 17
31 81
117 l!7l
88 . 86
36 85
98 88
83 86
Phillips Pete ... 100 44
Pierce Arrow . . . 300 12
Pierce Oil 400 7
Pitts Ooal 1,400 6
Pitts & W Va... 2,000 40
Penna Star Steel 1,500 8
Pressed Stl Car 700 83
Pullman ,, 2,600 127
Ray Cons 1,000 16
Reading
Remington ....
Replogle Steel. .
Republic I S
Ren Motors. . . .
Royal Dutch Oil 7,200
rty steel bpg.
Stand OH Ky
Sears Roebuck
39
3,
00 .
3
,2000
1,800
600
Shattuck. Ariz...
Sinclair
Stand Oil Ind..
79
37 371
33 33
74 73?
3 31
54 531
100 113 113
200 100 100
1.10O o 90
400
8
33
Stand Oil N Y..
Sloss Shef 2,000 52
Sou Pacific 6,200 94
Sou. Ry 9,400 37
Stand Oil Cal . . 2,200 110
St L & S F 2.400 31
Stromberg Carb. 2,000 56
Studebaker . 22,000 129
Swift & Co .-
Tonn Cp & Chm.10.000
fxas Oil ......50.000
Texas Pac ..... 3,300
do C & O 600
Tob Products ... 4,100
Tran Contl Oil., 6,200
Union Oil Del... 400
Union Pac ...
United Alloy .
United Drug ... 600
Uni Food Prd..-. E00
Ull Bag & Paper 100
U S Cast I Pipe 4,000
Uni Retail Stres 5,200
U 3 Ind Alcohol 4.700
XI S Rub 6.000
do 1st pfd ... 20O 104
U S Smelting .. 100 42
U 8 Steel ...i.. 51,600 105
do pfd 200 121
Utah Copper ... 4,000 68
Va Chem , 500
do pfd 100
Vanadium- Steel.14,800
vivandou ...... aou
Wabash .... 2.200
do A pfd 8.30O
do B Dfd 200
Western Pac ... 800
do nfd 600
Western Union.. 1.800 117
Wstghse E & M. 2.200 64
1.200 116 114 114
48
83
25
67
14
19
2,100 150
300 39
80
7
69
86
76
67
06
39
68
58
12
13
34
23
21
62
30 30
53 V,
127 128
106
10
48
33
25
56
11
19
149
38
80
7
69
86
75
65
nt.
104
42
104
Co-operative Association of Ore
gon Said to Have Done Muctl
to Stabilize Market.
PENDLETON, Or., Aug. 25. (Special.)
A two-fold growth in acreage con
tracted and more than doubled mem
bership Is i reported ' by the Oregon
co-operative hay growers, with headquar
ters at Hertniston, 85 miles west of
Pendleton. L. A. Hunt, manager of the
co-operative movement, reports that the
membership in one year of operation has
grown from 115 to 350 and the acreage
from 4000 to approximately 8000. The
association has embarked on its second
year of activity with a much higher
general scale of prices for alfalfa hay.
First and Becond cuttings of hay in
the Hermistoh country, one of the large
shipping points of the hay growers, are
now bringing 816.50 a ton and the prioe
is expected to hold up. Farmers in the
irrigated section of Umatilla county who
are members of tho association, and
many who are not, loin in declaring
that tho Oregon co-operative hay grow
ers have done much to stabilise the
market. Hay is now sold every month
in the year by the co-operative concern.
Announcement has been made that
arrangements were completed for the
acceptance by the railroads of the hay
growers' Btate certified weights at ship
ping points, on which the tariff is
charged without further adjustment. The
Oregon co-operative hay growers are
proud of this arrangement," wlrten will
greatly facilitate the shipping of hay and
freight settlements.. . I
PHONE STOCK RIGHTS TRADED N
48
32
25
66
14
19
149
38
80
7
69
85
74
65
65
104
42
104
121 120
66 67
West Md
White Motors ..
Willys-Overl'd ..
do pfd
Wilson Packing.
Wisconsin Cen .
Wthgtn Pump ..
White Oil
White Eagle . . .
800
200
1,100
800
800
100
1,100
100
100
15
49
38
43
30
43
8
27
80
68
Bl
11
12
83
23
20
62
115
63
48
6
SB
43
30
42
8
27
29
68
52
11
12
34
23
20
62
116
63 V,
14
48
6
31.
43
30
424
8
Liberty Bond Quotations-
Liberty bond and victory note quota
tions furnished by the Overbeck & Cooke
company of Portlana: Closing.
Open. High. Low. Bid.
Libertv 3s ..100.62 100.70 100.62 100.68
do 1st 4s , , loti.oz
do 2d 4s 100.10
do 1st 4s.. 100.64 100.78 100.60 100.68
do 2d 4s.. 100.14 100.28 100.16 100.24
do 3d 4s.. 100.32 100.3.8 100.30 100.38
do 4th 4s. .100.64 100.80 100.62 100.70
Vic. 4s call. 100.30 loo.ao loo.ao ivo.30
Vic, 4, 1923.10068 100.70 100.66 100.70
Money, Silver, Etc.
NEW YORK, Aug. 25. OaUl money
firm; high, 4; low. 8; ruling rate, 3;
closing bid, 4; offered. 4; last loan, 4;
call loans against acceptances. 3.
Time loans firm: mixed collateral. 60
to 90 days, 44 ; 4 to 6 months, 4
4.
Prime commercial paper. 44.
Foreign bar silver. 69c. t
Mexican dollars, 53 c.
LONDON,-Aug. 25. Par silver, ?5d
per ounce: money, 1 per cent.. Dis
count rates: Short and 3 months' bills,
8.7-162 per cent.
Mining Stocks at Boston,
Mining stocfc quotations at Boston fur
nished by the Overbeck & Cooke com
pany of Portland:
1 32
18
54
116
103
94
Atl. Coast Line. 1,100 118 117 117
Atl. Gulf W,
Baldwin Loco ..
Baldwin pfd.
Hal to as omo ...
B.4 O. pfd.
Beth Steel "B".
B. R. T
Butte & sup. ...
Caddo Oil
Calif. Pack
Calif. Pet
Calif. Pet pfd. .
Canadian Pac ..
Cen. Leather . . .
Cerro de Pasco.
Chandler Motor ,
Chgo & N. W. ..
Chgo Gt W
do pfd
CMUl Cop
Chino . .......
do pfd
C M Ik. St P ...
Coco Cola .....
C ' O
Colo F I.....
Colo Southern..
4,700 59
I. 600 30 28 29
10,900 127 125 125
. . . . , US
58 58
65
78
2514
30
o i- V
61
82
3.200 146 145 145
9,000 42 41 41
2.600 41 39 40
4,400 61 60 60
1,000 90 88 88
4,700
1,800
1,400
'"'166
400
79
26
31
"81
62
78
25
30
"81
61
9
22
28-
9
21
28 22
31 30
52
?rv
70
32 .
49
53
7
33
49
9
21
22
SI
52
n
76
32
49
600
500
8, GOO
1,300
1,300
4,800
1.800
1,000
400
200
Cel Gas & Elaa 3,800 102 100 101
Colum Braph. 500 4 3 374
Con Gas 22,400 131 128 130
Cons Cigars ... 300 88 38 88
do pfd 000 vtiw 1.1 711
Contl Can 2,300 81 78 80
City S Bank , 19
Corn Prod 1,300 118 11T 117
da pfd sou 11s 11a 11s
Condon Oil . .
C R I & P. ..
do A pra
do "B' pfd
Crucible
do pfd
Cuba Cane ,.
do tf a
Cuban Amn Bug 6,400 25
Del Hudson ,
Dome Mines ..
D L W
Davison Chem..
End Johnson ..
Erie ...........
do 1st pfd . .
Elec Stee Baty.
Famous Players 5,400
Fed Mln &
do pfd ...... 1UJ1
Gen Clgai
Gen Elec
Gen Motor
Gen Asphalt ...
Goodyear .-
Gran by
Ot Nor Ore ....
Gt Nor Pfd ....
preen Cananea.
1 H n 4W 4. 7 ITU
. 1,600 45' 44 44
. 300 980 97
85
.17.300 94 93 95
i l'.OOO 'i3 is 13
.11.400 86 ' S5 85
400 25 24 25
100 129 129 129
900 37 37 37
100 132 JS2 132
70O 62 52 52
1,500 86 85 85
1,600 18 .17 17
2,100 27 26 26
300 47 47 47
82 90 811
63 63" 53
7S
100 184 184 184
1,800 13 18 1S
4.700 67 66 86
85
33 82 32
42 41 41
2,600
2.400
6,900
109
93
S2fe
Arizona Commercial
Alluuez ,
Arcadian
Bingham Mines ....
California & Arizona
Calumet & Hecla ...
New Corn -.-
Centennial ..........
Copper Range ......
Davis Daly ,
East Butte 9.
Hancock ................
Helvetia .................
siand Creek
Keweenaw
Kerr Lake . ..,,.....
Luke Copper
La Salle ,
Michigan
Mass Con ...,.........
Mohawk
May Old Colony
Mason Valley ............
North Butte t
Nipissing ...,.,.......,..
North Lake
Old Dominion Copper
Osceola Mining ..........
Ojibway ,
Quincy Mining ,
Pond Creek ,
Isle Royal ,,
South Lake
Superior & Boston
United Shoe Machinery...
do pfd
South Utah
Superior Copper ..........
Trinity Copper ...........
Tuolumne
Utah Metals
Utah Consolidated
United states. Mining
dO pfd
Utah Apex
Ventura
Victoria ..
Winona
Wolverine ......
Shannan ... , , . . .
Bid.
. - 9
. 24
.. 8
. 14
. 61
.296
. 18
43
7
..... 15
7
109
. 2
3
4
Ill
?!
!i
v2
4
... ,..
,. 8
,. 25
- 35
. 37
. 2
. 43
:: l '
. 46
- 1
. 40
. 26
. a
. 4
o
: t5
. 1
. 2
. 43
. 47
. 2
29
2
1
11
80
AFk.
9
?6
8
15
62
300
19
no
44
- 7
15
2
7
109
.
414
1
I
63
414
2
13
6
60
26
38
3
43
22
23
48
1
41
27
10
4
75
1
3
44
48
3
30 .
1
S5
Ga Companies May Profit by Coal
Shortage ia Winter.
(By Chicago Tribune Leased Wire.)
NEW YORK., Aug. 25.-Tradinff in
"the rights"-' to subscribe to the new
American Telephone & Telegraph stock
started an the New York stock exchange
today. The first sale was at 2 and they
fluctuated thereafter between 2 and 3,
closing at 2, with something more
than 50,000 of the rights changing handa.
It is the contention of some of the deal
era in these rights that they are selling
too high with the stock at 121 or there,-
abouts and that for the rierhts to be
worth $3, the stock should sell at 12S.
Probably the last of the important
Industries which show signs of getting
back to somewhere near normalcy is the
leather industry, and the recent strength
in this group of stocks is attributed te
the improvement reported in the trade.
A new explanation was met with in
Wall street for the continued ferwafig
movement today of the sras company
shares. The activity was held to be
traceable, in part, to the possibility of
coalless winter days and the belief that
in the event of an anthracite shortage,
gas consumption would run considerably
higher than normal. The gas pom panics
tnemseives, it was asserted, are fairly
well stocked up with coal and in the case
of a nationwide shortage it is believed
they will be . close to the top of the
priority. In today's trading Consolidated
Gas advanced nearly 3 points to a new
high price, while Columbia Gas
lc Electric and Brooklyn Union Gas also
made substantial gains.
It was reported in the financial dis
trlct today that certain banking inter
ests nave under consideration a pro
posal to form a merger of several im
portant silk companies. H. R. Mallinson,
Inc., is reported to be the nucleus of the
proposed merger.
COTTON I.OWEK WITH REALIZING,
Last Prices at ' few York Down 20 to
49 Points.
(By Chicago Tribune Leased Wire.)
NEW YORK, Aug. 25.-The trend was
narrowly irregular with quiet dealings
in today's cotton market until the after
noon when selling pressure brought about
a considerable decline. In the morning
the majority of operators were holding
off, due to the proximity of the next
government condition report. Prices
went lower after 6 to 13 points net gain
on short covering and trade demand, but
at the end of the second hour losses did
knot exceed 20 points.
x uc iiat. v,iy ii . 1 1 1 it (. iu iubc ki uuiiu
though, slowly, in rather featureless aft
ernoon trading, largely professional giver
anI-take. At one time a little better
demand on the part of room traders
developed and lifted prices back to about
on a level with last night's close, but
the last hour further realizing left prices
at the close 20 to 4tf points net lower.
bpot cotton was quiet. 45 points de
cline, 22.25c for middling upland.
Southern spot Galveston, 21.90c, 40
points decline; New Orleans, 22c, 38
points decline; Savannah. 21.75c, 3D
points decline; Augusta, 21.81c, 57 points
decline: Memphis, 22.o0c, unchanged
Houston, 21.8Qo, 45 points decline; Little
jtoctt, zj..uuc, uncnangeci
NEW YORK, Aug. 25- Cotton futures
closed weak, October 21.9Jc; December
22.08c; January 21.94c; March 22.05c
May 21.90c.
The New York cotton exchange today
voted to close the Saturday preceding
Labor day.
LABOR TROUBLES BLOCK PROGRESS
Bases for Solid, Commercial Expansion
Exists.
NEW YORK, Aug. 25, Dun's Review
tomorrow will say:
while a solid basis for commercial ex
pansion clearly exists, progress is still
impeded by the prevailing labor un
s&ttlement. Resumption of co&l mining
operations at different points has some
what relieved tne industrial tension, but
the continuance of the railroad strike,
despite negotiations for its settlement, is
repressing iactor. Stimulus to trade
activities is to be expected as the end ef
summer approaches,' yet various uncer
tainties exert a restraining influence and
full measure of business development
is. lacking.
Hesitation in entering upon important
new commitments not unnaturally re
sults and not a few transactions, as in
steel and iron, are prevented by the in
ability of sellers to make deliveries. With
costs of production further enhanced in
some industries by upward wage revi
sions, price increases are bein estab
lished and premiums over the regular
market are obtainable where there 44tny
advantage in shipments.
Weekly bank clearings were 5,625, -
187.P00.
Coffc Futures Irregular.
NEW YORK, Aug. 25. The market for
coffee futures was irregular today- It
closednet 6 points higher to 10 points
lower, late month being relatively easy.
Sales were estimated at about 5.00
bags. September, 9.35c; October, 9.37c;
December and January, 9.40c; March,
9.41c; May. 9-43c; July, 9.43c.
fepot coffee -steady; Rio 7s, 10c; Santos
4s, 14c14c , .
Oregon Wool at Boston.
BOSTON, Aug. 25. The Commercial
Bulletin tomorrow will publish, wool quo
tations as follows:
Scoured basis: Oregon eastern Ne. 1
staple, $1.25 1.28; fine and fine medium
combing, $145L20; eastern clothing,
$1.051.12; valley No. 1, $1.07 1.10.
Cotton Seed Oil Market.
Furnished bar Jordan, Wentwortb A Co.,
Portland:
August, 0.5Oc9.85; September, 9.32
9.34c ; October, 8.55 8.56c; November,
7.827.89e; December, 7.817.85c; Janu
ary, 7.8p7.90c; February, 7.957.96g.
Spots, 9.509.88c.
Total galea, lfl.OOfl.
Chicago Oil Market.
(By Chicago Tribune Leased Wire.
CHICAGO, Aug- 25. Gasoline tanif
wagops. 21c; service stations, 23c; ma
chine. 27.9c. Cil: Summer, 11.4c; win.
ter, 11.9c Linseed oil, raw, 1 to 4 bar
rels delivery, J1.04; bailed, $1.08. Carbon
Perfection, iron barrel, 10 e. Turpen
tia, $1.49, Deaatur4 alcohol, 40o
BUYING POWER LIMITED
BIG RUN OF SPRING WHEAT
BEARISH INFLUENCE.
European Crop Reports Indicate
Heavier Demand on This
t Country Than Jjast Tear.
The weekly grain letter received' by
Jordan, Wentwortb. & Co., of Portland
follows: , '
Wheat -The 'market showed very little
strength during the past week. Harvest-
ing has extended into the extreme north
west and the run of spring wheat is hold
ing back buying power. The winter
wheat movement is lighter as farmers
who are able te, hold their grain are
waiting for higher prices. The Euro
pean crops are generally lower en final
estimates and suggest a heavier demand
th&n last season.
Corn The hot dry weather has now
done irreparable damage ever a wide
territory. The heaviest losses are in
Texas. Oklahoma. Kansas, . Nebraska.
South Dakota and the cotton states. On
the whole, the outlook is for a decided
drop from the indication compared with
the first or tne present month.
Oats Nothing new has developed In
the oats crop. The new crop will p
less than former indications, with a bet
ter Quality than last year, which will
enable holders of the poor quality of
last season's crep to dispose of it by
mixing. Until the heavy visible declines,
the market will be draggy.
Naval Stores.
SAVANNAH, Ga., Aug. 35. Turpen
tine firm, Jl-la. Sales. 500; receipts,
786; shipments, 2178; stock, 10,125.
Rosin firm; sales, 1318; receipts, 2020;
shipments, 1397; stock, 101,110. Quote:
B, D, E, F, O, H, J5.25; I, $3.S0: K,
$5.42; M. 3.4S; N, 5.5u; WQ, J6a6;
WW, J6.70. v
Dried Fruit at New York.
NEW YORK, Aug. 25. Evaporated ap
ple dull. Prunes quiet, peache easy
The mathematics of a
vacant lot in Portland
This is a typical example
$176,000 Assessor's appraised valuation, 1912.
cI':I3z;II;;:z:zI:zz::.I::";":w'"WWI''JI'"'. " 1 "
$189,583 Ten-year carrying charge, 1912-1922.
Note that the carrying charge is greater than
' the 1912 valuation
T
'HE figures given here show graphically what it -costs
to leave Portland property undeveloped. They pertain
to a close-in quarter block on the west side and are
taken from the assessor's records, the county tax rolls, and
the city's. bonded lien docket.
Interest at 6 per cent compounded annually is figured
on all payments made and on the appraised valuation iven
the property by the assessor. (It is assumed that if the cap
ital had not been tied up in the land it would have earned
6 per cent for the owner.)
Assessor's appraised valuation, 1912 . . $176,000
Cost of holding property idle ten years:
Ten years' taxes paid plus interest
compounded at 6 on same . . $50,065
Bonded liens compounded at 6 304
Interest compounded annually et 6
on appraised valuation of $176,000 139,216
Total . . $189,593
Ten-year carrying charges exceed the 1912 valuation by $13,593.
This example is not an unusual one. It can be duplicated in any
other vacant lot.
If ypu have a tract of land or city property about which you are
concerned, make an appointment to discuss it with us.
Strong
It
& MacNaughton
CORBETT BUILDING
PORLTAND, OREGON WjjJ
Investment and Property Man
agers for Estates and Individuals
SMALL RUN AT YARDS
IiXTTJE STOCK AVAlIiABLE
FOR' OPEN MARKET.
In-
Day's Sales Are Made nf,
changed Prices and General
Tone Is Steady,
The livestock market was quiet -with
out pew features. , Only two loads were
received by rail and most of this stock
came on contract. The lew sales re-
Dorted were at unchanged prices and
the tone of the market on the whole
was steady.
Receipts were 21 cattle, calves, 83
hogs and 54 sheep.
The gay s sales were as follows:
wt. t-rice.
1 cow, ,
1 cow. .
1 cow. .
3 cows.
1 cow . .
10 steers
2 steers
g heifrs
10 hogs..
1 hog.
1840
890
1080
710
810
805
91)0
86U
180
520
4.50
2.50i
4.00
Wt Price.
75 $ fl.00
120 6.50
120
12,1
78
102
135
230
270
3.S0
4.50
0.50
9.50
4.50
3.00
9.30
2 lambs.
1 yearl.,
ewes..
3.00128 ewes..
4 00134 lambs,
5.001 0 lambs.
6.50 18 ewes..
4.25' 2 bucks.
ll.OOj 4 calves.
7.00
Prices quoted yesterday at the Port
land Union stockyards were as follows:
Cattle
Cholee steers
Fair to good steers
Pair to medium steers...
Common to fair steers
Choice cows and .heifers ... .
Medium to good cows, heifers
air a med. cows, iieiiers..
Common oows ..........a..
Canners
Bulls
Choice dairy calves
Prime light calves
Medium to light calves......
Heavy calves
Common heavy calves ......
Hogs-
Prime light
Smooth heavy. 200 to- 300 lbs.
Smooth heavy, 800; lbs. up.,
Rough heavy
Feeder pigs
tags, subject to dockage..
Ulieep
East-of-mount&in lambs. ...
Choice valley Iambs
Medium valley iambs
Common valley lambs .....
tuu lamos
7.75 8.25
7.25 7.75
6.25 7.25
4,5(1 6.25
5.50 & 6.00
4.50 5.00
3.75 g 4.25
3.00 3.51)
1.80 2.50
3.00 4.50
9.80 m 10.00
9.00 9.50
8.00 9.00J
4.00 6.00
11.25U.T5
10.00 11.00
9.0010.00
7.00 8.50
11.00 11.50
11.0011.50
6.00 8.50
regular on fat she stock; stockers, feed
ers and plainer grass steers with under
tone weak; all other classes around
steady; best steers offered $9.60; better
grades grassc-rs, $7.50(&'7.BO; most cows,
$3.754.50; few sales, $55. SO: caanen
and cutters generally $2.258-25; better
grades vealers, $10 10.50.
Hogs Receipts, 300O head. Fairly ac.
tlve to packers and shippers, 1015o
higher; spots up more on heavies; ship
per top, J3. 10; packer top, $9; bulk, 8.30
9; 160 to 230-pounders, $S.809; 240 to
300-pounders, $8&9; packing sows, 10
25c higher; -bulk,. $6.757.25: few stock
pigs steady; not enough to make a mar
ket. Sheep Receipts, 2000 head. Killing
classes about steady; tendency slightly
lower; native lambs, $13.25; fat native
ewes, large, $8 6. 75.
Omaha Livestock Market.
OMAHA. Neb., A.ug. 23. (U. S. Depart
ment of Agriculture. )- Hogs Receipts,
6000 head. Active, 15o to 25o higher;
bulk 200 to 300-pound butchers, 58 & 8.90;
top, $0; bulk packing grades, $0.907.25.
Cattle Receipts, 1250 head. Beef
steers, she stock, stockers and feeders
dull, weak at recent declines; choice corn
fed beeves scarce; good corn fed year
lings. 59.0(1: bulls and veals about steady.
Sheep Receipts, 800O head. All classes
steady; best western lambs, $12.90; na
tive lambs, 512.75; fed clipped lambs.
512; yearlings, 510.25: ewes, S0.50; early
sales feeding lambs, $11.9012.25; sorted
lights quoted up to 512.60.
Seattle Uvestock Market.
SEATTLE, Wash., Aug. 25. Hogs and
cattle steady; prloes unchanged; no re
ceipts. . .
TRADE WAITS ON EUHOPE
WHEAT StIRPIiUS EQUAL
THAT OF IAST YEAR.
TO
Light yearlings .
Heavy yearlings
Light wethers
Heavy wethers ..
Ewes
10.0011.00
9.50 10.50
8.00 9.00
6.00 8.00
5.00 6.00
7.00 8.00
6.00 7.00
6.00 7.00
5.00 6.00
2.00 5.00
Chieago IJvsstock Market.
CHICAGO, Aug. 2S. U. 8. Depart
ment of Agriculture.) Cattle Receipts,
550Q head. Market generally steady;
strictly prime yearlings, stronger; beef
cows and heifers, very slow; top long
yearlings, 510-8o; weight 1031 pounds.
bulk beef steers of quality and condition
to sell at $8.7510; canner and cutter
cows mostly 52.75 3.50; bologna bulls
largely 944.15t veal ealves early around
S11.508U2.
nogs iteceipis, ao.uuu neaa. jjjgn-ter
weight active, 10c to 15o higher; top,
59.70; duik, stj.bu9.td; others slow
teady to strong; 210 to 24-pound butch
ers mostly 9.2o9.a0; good and choice,
275 to 300-pound butohers. 58.709.10;
packing sows mostly J6.50T.10; bulk
pigs, 57.758.25; heavy, 57.759.1o; me
dium, $8.759.60; light, 59.409.70:
light llsht, 58.9039.45; packing sows,
smooth, 56.757.45; packing sows, rough,
$6.156.95; killing pigs. 57.508.75.
Sheep Reeeipts, 8000 head. Fat lambs
active; generally steady to strong; spots
higher; .fat sheep and feeder lambs
steady; top native lambs $13.25 to city
butchers; packer top, 512.90 with $13
bid: bulk natives to packers. $13.50
12.75; native culls mostly $9; eight loads
Idaho unsold; sheep scarce; few native
ewes to killers, $47; Inside figure tak
ing extreme heavies.
Kansas City livestock Market.
KANSAS CITT, Mo., Aug. 25. (TJ. a.
Bureau of Agriculture.) Cattle Re
ceipts, 3500 head. Trade dull and ir-
Market's Future Depends
Financial Ability of For
eigners to Buy Grain.
Swift & Company
Onioa Stock Yards. Chicago
Diridend No, 147
DMdend of TWO DOLLARS ($2.00) par share
on the capital atock of Swift A Company, will
be paid on October 1, 192S. to etoekholdera of
record, September 9, 14922, aa aboira on the
books of the Company.
C. IACOCK. Secretary
The weekly wheat review of Logan &
Bryn ef Chicago, received yesterday by
Overbeck & Cooke company of Portland,
follows:
"An analysis of tno world's supply and
demand situation in wheat Is of little
value at this time, due to the fact that
it is not possible to forecast with any
degree of certainty what Europe's buying
power will be. The United States has
a surplus approximately equal to that
of last year and so has Canada, probably
more European requirements based on
the latest estimates of crops la Ger
many. France, Italy and tho United
Kingdom and using the accepted figures
ofc consumption, will exceed last year's
importations by some 25,000,000 to 50.
OOp.OOO bushels. To date their buying
has been all out of proportion, presum
ably because of inability to finance pur-
chases
We are among those who believs that
sooner or later arrangements will be
made to finance purchases of foodstuffs.
If nothing else, and our surplus produc
tion will be well taken.
At the moment th unfavorable car
situation Is perhaps a blessing in dis
guise in that the delayed movement at
lengt temporarily permits ff hftt
balanced situation than would exlxt with
a heavy Influx of grain and slow ex
port trade.
Tiie domestic flour demand hus been
exceptionally good and promises to con
tinue as it Is generally acknowledged
that stocks fn all positions are light.
GRAIN HARVEST OV IX EIROPK
Wheat Crop Averages Less Than Kx
ptcttd Heat Hurts Corn,
Crop oonditions abroad are summarUJ
by Broomhall In hit) weekly cable review
as follows:
United Kingdom The wenther has
imoroved and harvesting is now general.
Oisecho-Hlovakia The cereal outturn
this season is lower than last year.
Finland An official statement gives
thrj new wheat crop as apparently Im
proved, and also the rye crop as better
than first expected. However, the crops
are all less favorable than last year.
Germany The weather generally Is
fine and favorable with warm, sunny
days. Harvesting is progressing and tlia
yield will be greatly enlarged from the
first estimates.
France Good progress is being made
with tho harvest of the new crops.
Balkans The excessive . heat Is hurt
ing the new corn.
Sweden An official report gives the
new wheat and rye as under average.
Italy The new corn Is being damaged
from the too hot weather. Wheat I of
good quality, but the outturn will be
smaller than last year.
Manchuria Our Da Iron agent cables
that the new crops are turning out much
better than at first expected. The pre
vailing prices, however, are above the
export level. ,
Phone your want ads to The Ore
ponlan. Main 707ft.
A Farm
MORTGAGE
Bond
To Yield
n
. Only 22 of
the appraised
value of the
Security !
Write us for
particulars.
G. E. MILLER
COMPANY
2d Floor N. W. Bank BIdg.
Portland, Or.
NOTICE
CALL FOR CITY OF ASTORIA GENERAL FUND WAR-
f RANTS.
TO ALL PERSONS, BANKS AND BONDING HOUSES
HOLDING GEN. FUND WARRANTS.
NOTICE is hereby given, that there is money in the treas
ury to pay all City of Astoria General Fund Warrants en
dorsed "Not paid for want of funds" on or before April 1, 1922.
Same will be paid on presentation at my office in the city .
hall. Interest will cease this date, to wit: August 28, 1922.
G. ZIEGLER
Treasurer, City of Astoria, Oregon.
Dated, Astoria, Oregon, August 26, 1922.