23
THE MORNING OREGOXIAX, THURSDAY, SEPTEMBER 14, 1922
SHORTAGE DF CARS
HOLDS MlPPli
Steamers Here for Wheat
Still in Country.
DEMURRAGE BEING PAID
Public Service Commission Will
Be Asked to Compel Rail
roads to Give Belief.
Grain shippers of Portland are prepar
Inr to bring the car shortage Question
directly befors the Oregon public service
commission in an effort to obtain relief.
The grain men of Washington will also
appeal to the Washington public service
commission to the name end.
The car shortage has reached a se
rious phase in the northwest. There are
a number of grain steamers in this har
bor on demurrage, some of which ar
rived last month, and the number is oe
ln continually added to. Exporters have
the wheat bought to supply cargoes for
these steamers, but the grain Is still in
the country and they cannot get to tide
water. Premiums are being quoted on
wheat tfiat can be delivered to the docks
promptly, but this Is affording little
help. Unless something can be done in
the way of better car service from the
Interior, the grain trade stands to face
a heavy loss.
The railroads assert that they have
fewer bad-order cars than before the
strike, yet they have fewer cars to place
at the disposal of grain men than they
had before. The trouble seems to be
that they have allowed the cars to get
away from them on eastbound Dusiness
and have not replaced them with other
cars westbound.
It Is this phasa of the question that
will be brought to the attention of the
public service commissions and they will
be asked to order the railroads to re
place all cars lost to eastern lines with
other cars that can handle necessary
business at this end.
EXPORT WHEAT BIDS CENT LOWER
Offer of $1.20 Made for 5000 Bushels
September Big; Bend Blnestem.
The wheat market had an easier tone
yesterday .and bids in the open market
were about a cent lower than the day
before. Trading was light.
At the Merchants' Exchange session
a special bid was made of $1.20 for 5000
bushels of Big Bend blue stem, Septem
ber shipment. Regular September bids
ranged from 1 cent higher to 2 cents
lower and October from nchanged to
1 cent lower than Tuesday. The coarse
grain market was unchanged.
The Chicago wire to the Gray-Roseq-
baum Grain company follows:
"Prussian crop report indicates 50.
800,000 less bread grains than last sea
son, confirming reports poor crop in
Germany, Latter reported bought 6,000,
000 bushels wheat and 1,000,000 bushels
rye In London recently. Seaboard ex
porters reported taken 2,000.000 bushels
hard winters past few days. Sentiment
bearish. No particular pressure."
Wheat closed d higher at Liver
pool at 9s 6d for September and 9s d
for December.
The Price Current Grain Reporter
says: "The condition of corn has not
improved and the crop has been ma
terially reduced by drouth and heat
throughout the southwest and in Kan
sas, Nebraska and most of the central
part of the belt. The surplus corn states
will be confined to northwest Nebraska,
state of Iowa, southern part of South
Dakota, and southern parts of Illinois,
Indiana and Ohio."
Terminal receipts, in cars, were re
ported by the Merchants' Exchange as
follows.
Portland Wht. Bry. Fir. C.
scuth was good with the Los Angeles
quotation Friday reported at 43 Re
ceipts included three carlot shipments
fom other states, but total receipts are
not equal to last week.
The eastern butter markets opened
slightly unsettled in the past week be
cause of the holiday. It was freely pre
dicted that the demand would increase
because of returning vacationists and
children starting to school, but dealers
generally were not thoroughly convinced
that the increase would be large
enough or come soon enough to take care
of the three-day accumulations. A few
days of trading, however, soon settled
that question as fancy butter all week
was short of buyers needs and therefore
the prices all week were steadily ad
vanced. All grades were fairly well
cleaned up, but the lower scores were
not so firm as the higher scoring lots.
- There was, especially at Chicago and
Philadelphia, a good demand for the
lew scores. The medium scores were
the hardest to move and this was partly
because of the use of short-held butter,
which directly competed with the 89 to
90 scores. The four eastern markets' stor
age movement was very large, giving
the-"markets more strength, but the pre
liminary report was rather - bearish as
the holdings were about 4,000,000 pounds
hoavier than was expected.
PRIVT BUTTER TWO CEJfTS HIGHER
Local Advance Will Go Into Effect To
dayEggs Also Higher.
Print butter and butter fat will be 2
cents higher in the local market this
morning. The advance is due to a simi
lar rise in the Seattle market. Prints
in parchment wrappers will be quoted at
4(1 cents and the delivered buying price
cf butterfat will also be 46 cents. ,
The cube butter market was firm dur
ing the day and extras moved at 4041
cents.
Eggs continued to advance. The asso
ciation. raised .its selling prices 2 cents
to 39 cents for selects, 37 cents for firsts
and 33 cents for pullets. Receipts of fresh
eggs are very light and . buyers are of
fering 3334 cents to country shippers.
Storage eggs are moving out freely at
30 32 cents to the retailer.
The poultry market was quiet at un
changed prices. Fancy dressed veal wu
firm at 1516 cents, but heavy veal
was in large supply- and very hard to
move. j
skinned, 30c; picnic, 18c: cottage roll.
zac per pound.
BACON Fancy, 363143c; choice, 259
sic: standards. 2224c.
LARD Pure tierces, 15o per pound
DRY SALT BACKS 20023c; plates.
is cents.
Wednesday 109
Year ago. . 199
Sea. to date 3992
Year ago.. 8153
Tacoma
Tuesday.... 47
Tear ago ... 2
Sea. to date 1S40
Tear ago ..2849
Seattle
Tuesday .. 92
Year ago.. 119
Sea. to date 1191
Year ago.. 14443
1
134
80
1
10
60
4
51
8
4
287
494
4
12
247
261
14
14
555
448
3
1
200
99
10S
53
5
12
332
213
O. Hay
2 .1
4 1
156 42
315 293
7
10
111
114
34
39
3
129
77
5
9
305
328
SOIL DRY FOR FALL PLOWING
Harvest of Spring Wheat and Oats Con
tinues in Elevated Districts.
Harvest of spring wheat and oats con
tinues in some of the elevated districts.
Threshing is generally well advanced.
The present hot weather is favorable for
the maturing of corn in irrigated dis
tricts and where recent rains' have oc
curred. Cutting of corn for ensilage is
becoming more general. Some plowing
for winter wheat has been -done, but
over most of the state the soil is too dry,
according to the Oregon weekly crop
report of the weather bureau.
Picking and shipping of prunes are In
progress in eastern counties. Drying of
prunes in some western and southern
districts will begin this week. Picking
of pears and peaches is advancing rap
idly. Apples in most districts are ma
turing satisfactorily, but in some places
are affected by drought. The black
berry season is about over.
Pastures and meadows m northwestern
counties have been improved by rain.
Irrigated alfalfa continues to do well,
and conditions have generally been fa
vorable Tor late haying. There is still
complaint of ranges being dry, though
there has been improvement in some sec
tions and stock is mostly fair to good.
Hop picking was somewhat delayed by
rain, but little damage was done and
conditions In the latter part of the week
were ideal for picking. Hops on high
land show the effect of drought but on
bottom land are good. Late potatoes
in northwestern counties are making
good top growth, but it is believed th?
rains came too late to. make r ood tubers
in some cases. Irrigated potatoes are
good, but digging has stopped in most
sections owing to uncertainties of ship
pi ig and market conditions. Late veg
etables and melons are plentiful.
STORAGE EGGS ARE WITHDRAWN
Local Holdings, Decrease 2051 Cases in
Past Week. .
Withdrawals from local storages in
the past week were 2051 cases of eggs
and 25,698 pounds of butter.
The official figures on storage hold
ings of dairy and poultry products at
Portland and Seattle this week compare
with, last week and a year ago as fol
lows:
At Portland -
; This ' Last Last
Week. Week. Tear.
Butter, lbs 650,797 677,495 220,284
Am. cheese, lbs. 113.933 129.288 182.299
Ekes, cases 54.624 56.675 46.383
roultry, lbs 88,547 90,776 70,254
At Seattle
This Last - Last
Week. Week.- Year.
Butter, lbs 716,796 770,604 296,886
Am. cheese lbs. 384,504 404,177 215,641
Eggs, cases 40,673 48,996 28,638
Poultry, lbs 227,964 240,689 12J.C
ORIENTAL FLOUR DEMAND CEASES
Financial and Crop Conditions on Other
Side Effective.
Prospects for an early renewal of flour
business with Japan are not bright, a
cording to cables received yesterday. The
trouble is largely the result of financial
conditions on the other side. Added to
this is the good crop of wheat in the
oilent and also the slump in rice prices.
The Japanese bought flojr rather heav
ily early in, the season and these ship
ments are now going forward.
There is no likelihood that the orient
als will be in the market for wheat very
soon. Some of their previous purchases
In this line have Been cancelled.
Cantaloupe Season Ending.
Peach receipts were light yesterday
and prices were firm. Wordel grapes are
being offered at 30 cents a basket. The
cantaloupe season is nearly over owing
to the low prices that have been rul
ing here. Yakima growers have ceased
to ship. Green prunes are abundant and
slow sale at 22 cents a pound.
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearings. Balances.
Portland J6.424.649 t 756.334
Seattle 6,750,680 1,354,336
Spokane 1,951,332 722,740
Tacoma Transactions, $2,939,000.
PORTLAND MARKET QUOTATIONS
Grain, Flour, Feed, Etc.
September October
Bid. Ask Bid. .Ask.
Wheat
Bluestem Baart,J1.18 fl.lS
Soft white 1.08 1.12 1.05 1.08
Western white. 1.08 .... 1.05 1.07
Hard winter. . . 1.05 .... 1.02 1.07
Nor. spring ... 1.05 .... 1.02 ....
Western red .. 1.00 1.10 - .98 1.05
Oats
No. 2, 36-lb.
naturals 30.00 32.00 30.00 32.00
38-lb. clips ... 29.00 31.50 29.00 31.50
3S-lb. naturals 31.50 32.50 31.00 32.50
Barley .
44-lb. minimum 29.00 .... 27.50 ....
40-lb. minimum -.'7.50 26,00
' Hides. Hops, Etc
HIDES Salted hides, under 45 pound
8 9c; salted hides, over 45 pounds,
78c: green hides, under 45 pounds.
8c; green hides. 45 pounds, 67o
salted bulls. 637c: green bulla. 636c
salted or green calf, under 15 pounds,
1213c; salted or green kip, 16 to 30
pounds, viuiioc; nair slipped hides sna
skins, half price; flint dry hides, 110
12c; flint of dry calf, under 7 pounds.
ll12c: dry salted hides. S9c; culls
and damaged, half price. Green or salt
ed horse hides, $23 each; colt skins.
50c$l each; dry horse, 75c51.25 each.
PELTS Dry sheep pelts, long wool
18s20c; dry sheep pelts, short wool, 9
10c; dry sheep pelts, pieces, 910c; dry
sheep shearlings, no value-; salted pelts,
long wool, each, S1.502; salted peltc,
short wool, each 73c$l: salt -sprlng
lamb pelts, each, 75c$l; salted shear
lings, each, 1020c; salted goats, long
hair, each $12; salted goats, short
hair, each 80c $1; dry goats, long hair,
per pound, 10 12c; dry goats, short hair.
each 253'50c: goat shearlings, each, 10&
26 cents. '
TALLOW No. 1, 05t4c; No. 2, 4
5c per pound; grease, 3ft 4c per pound.
CASCARA BARK New peel, 6VsC per
pound; old peel, 74c per pound.
OREGON GRAPE Grape root, go per
pound.
HOPS Nominal.
WOOL Valley wool, fine and half-
blood, 3035c; three-eighths blood, 30
32c: quarter-blood. 2527c: low quarter
and braid, 20S22; matted. 16(8lSc. -
MOHAIR Long staple, 30' 32c, deliv
ered Portland; short staple, 2527c;
burry, 20 (S1 25c per pound.
GRAIN BAGS Car lots. 8Mc. coast.
Oils.
LINSEED OIL. Raw. In barrels. $1.10
5-gallon cans, $1.25; boiled, in barrels.
1. 1.12: 5-gailon cans, 11.27.
TOBPENT1HJS in arums, ll.su: o-
firallon cans, 11.65.
WHITE LEAD 100-pound kegs. 12 Vie
per pound.
GASOLINE Tank wagons and iron
barrels, 26c; cases. 87c.
, ' Lumber.
The following are direct quotations on
Douglas fir and represent approximately
prevailing f. o. b. ' mill prices in carlots
and are based on orders .that have been
negotiated:
Flooring High Low
1x4 No. 2 VG J54.00 $45.00
1x4 No. 2 & B, SG . . 38.00
1x4 No. 3 VG 43.00 39.00
1x6 No. 2 & B, SG . . 42.00 40.00
Stepping .
No. 2 & B 67.00
Finish No. 2 and better
1x8 10-inch 69.00
Casing and base ... 65.00
Ceiling
x4No. 2&B ....38.00
1x4 No. 2 & B . 41.00
Drop siding
1x6 No. 2 & B 43.00
1x6 No. 3 39.50
Boards and S L No. 1
1x8 10-inch S. I. S.. 19.50
lxl2-lnch 17.00
Dimension No. 1 S & E
2x4 12-14 19.60
Planks and' small timbers
4x4 12-16 S 4 S 22.60 17.50
3x10-12 12-16 S 4 S 22.00 19.00
Timbers 32 ft. and under
6x6 0x10 S 4 S 25.00 20.00
Lath
Fir 6.00 4.00
Pre
vailing
Price
$51.00
3S.UU
41.66
56.00 56.00
38.00
40.00
35.00
38.00
38.00
36.50
14.50 19.-50
15.60 18.50
Oregon Banking and Bond
News.
Prospects for an enlarged bond busi
ness in southern California this season
are expected by Alfred. T. Brock, vice-
president and manager of the Los An
geles office of G. E. Miller & Co. In a
letter to Mr. Miller received yesterday
Mr. Brock called attention to the slack
season which was evidenced some time
ago, but expressed it as his opinion, as
well as that of other bond dealers, that
the fall market would be better than it
has been for several years., Mr. Brock,
who recently went with G. E. Miller &
Oo., is one of the best known ftend men
on the Pacific coast.
m m
The prune cro-a in the country around
Dayton will be large this year and will
almost make up for the bad crop or
J.yzi, in uie opinion o J. L. Stuart.
cashier of the Bank of Dayton, who con
ferred with officials of the Northwest
ern National bank yesterday. Prices for
prunes are good --and the growers will
make substantial profits. Hops around
Dayton are yielding heavily, but the
prices, except for those under contract.
are low.
A number of local bond houses par
ticipated in the offering of $50,000,000
ten-year o per cent debenture , bonds
riss-ued by Swift & Co. yesterday. The
securities found a ready sale, according
to Blyth, Witter & Oo. The big meat
packing concern recently made a call
for an outstanding $65,000,000 issue of
7 per cent debentures and is putting out
the new issue instead.
The new cannery that has been in
operation at Stayton this season has
afforded the small farmers a market for
their fruits that heretofore have gone to
waste. J. W. Mayo, cashier of the First
National bank of Stayton, was in Port
land yesterday and told of the operation
of the canning plant.
Conditions in the Lewiston. Idaho.
country are better than they , have been
ior some time despite the fact that
wheat crops were not what they were
expectea to be, according to Alonzo L.
Lyons, president of the American Na
tional bank, who is here for a few days.
W. S. Link, cashier, and O. K. Knick
erbocker, assistant cashier of the Na
tional bank or McMmnville. paid their
respects to officers of the United States
National bank yesterday.
LIVERPOOL WHEAT
SURPRISES MARKET
Close Higher in Face of Pre
vious Day's Decline.
GERMANY BUYS HEAVILY
: V
Retail, Prices of Pork, Beef and
Mutton High as Before War,
Says Provision Parser.
L. L. Rogers, vice-president, and "R. A
Davis, assistant cashier of the Inland
Empire bank of Pendleton, were among
me out-oi-xownnanKers wno visited In
Portland yesterday.
FLOUlt Family patents, J7.20 per
bbl.; whole wheat. $6.20; graham, $6;
bakers' hard wheat, $7.40; bakers' blue
stem patents. $7.20; valley bakers', $5.90.
MILLFEED Prices f. o. b. mill: Mill
run, ton lots, $29; middlings, $41; rolled
barley. $3638; rolled oats, $42; scratch
feed, $48 per ton.
CORN White. 135:" rT-Wi1 197 nor
tqn. A. L. Fuller, cashier of the State bank
HAT Buying price, f. o. b. Portland: Raimier, was in Portland for a few
Alfalfa. $18(818.50 per ton: - cheat. 115: hours yesterday arternoon.
AN FRANCISCO PRODUCE MARKET
Thomas West, vice-president of the
Wasco County bank of The Dalles, was
nere ior tne purpose or transacting
Dusmesa yesieraay, s
oats and vetch, $20; clover, HS18; valley '
timothy, $20; eastern Oregon timothy, I Si
$2021.
CALIFORNIA BITTER MARKET FIRM
Fancy Grades Short at Eastern Distribut
ing Centers.
The firmness in the San Francisco
butter continued throughout the week
with an advance of lc on 92 score, which
Closed at 424c The 3-cent gain in. prices
during the past two weeks is in line
with general conditions and dealers con
sider the firmness seasonable. Prices
tr-is year were 4c higher on June 23
than in 194S1, but September 8 they were
lc lower than last year. Top grades
were firm and scarce all week but me
dium and lower grades were harder to
sell, although they showed very little
surplus at the close. Butter scoring 90
points continued to sell 4c lower than
92 score. Shipping demand from the
POULTRY WANTED
Any Kind, Any Quantity
Best Market Prices by Return
Mail Guaranteed
THE SAVINAR CO, INC.
lOlTFront St, Portland, Or.
Butter and Country Protlu-r.'
BUTTER Cubes, extras, 40 41c lb.;
prints, parchment wrapped, box lots, 46c;
cartons, 47c. Butterfat, 46c delivered
station; buying price, A grade, 43c.
EGGS Buying price: Current receipts.
30c per dozen; henneries, 33 34c per
dozen. Jobbing prices: Associations
selects, aye; association firsts, 37c; as
sociation pullets, 33c.
CHEESE Tillamook triplets, pries to
jobbers, f. o. b. Tillamook. 26c: Young
Americas. 27c: longhorns, 27o pound
POULTRY Hens, 1222c lb.; springs,
1822c; ducks. 1522c; geese, nominal;
turkey, nominal.
VEAL Fancy, 15 14 16c per pound.
PORK Fancy. 14 o per pound.
Fruits and Vegetables.
Local jobbing quotations:
FRUITS Oranges, Valencias. $100
$11 p?r box; lemons, $8l0; grapefruit,
$7 7, 50 box; bananas, 8 Vi 0 ' c lb.;
cantaloupes, per crate; peaches, 75 &
85c per box; watermelons, l2o per
lb.; casabas, H42!4e lb., pears, $1.75
2.25; grapes. $23 per box, 30c basket:
prunes,, 22'4c pound; apples, $12.50
per iMt x.
POTATOES Oregon. $1.50 sack; sweet
potatoes. 44c per pound.
ONIONS Walla Walla, $1.25 1.50 per
sack: California yellow, $2 sack
VEGETABLES Cabbage. 11424o
per pound; lettuce, $22.25 per crate;
garlic, 10 20c pound; green peppers.
6 09c per pound: tomatoes, 40 50c per
crate; cucumbers, 60c per box; beans,
68c per pound, green corn, 15 20c
dozen; eggplant, 6y-8c pound; summer
squash, 34c per pound; beets, $2.50 per
sack; carrots, $2 per sack; turnips, $3
per sack.
Staple Groceries. (
Local jobbing quotations:
SUGAR (sack basis) Cane, granulated,
'.40c pound; beet. 7.20c per pound.
NUTS Walnuts, 1535o per pound;
Brazil nux-s. 17 19c ; almonds, 21 14
2tic; peanuts, 10 11c per pound.
RICE Blue Rose, 7o per pound; Japan
style, 6.10 6.25c per pound.
COFFEE Roasted, bulk, in drums. 20
038ic per pound.
SALT Granulated, bales, $2.603.85;
half ground, tons, 50s, $17; 100a, $16.
DRIED FRUITS Dates. 14o pound;
figs, $1.9002.75 per box; apples, 1213o
per pound: peaches, 16c; prunes, 1416c;
apricots, 23 32c.
BEANS Small white, Tc; pink.. 65ic;
red. 6c; lima, 9 Ho per pound.
' Provisions.
Local jobbing quotations:
HAMS All sizes. 25 0 2So per pound;
Prices Current on Vegetables, Fresh
Fruits, Etc., at Bay City.
SAN FRANCISCO. Sept. 13. (State
Division of Markets.! Poultry Fryers,
2932c; broilers, 28S5c; young roost
ers, 34g)36c; old, 1418c; hens, 16
32c; ducks, 18 20c; live turkeys, 32 4S
47c; dressed, nominal; hares, 1518o
pound; squabs, $3 3.50 dozen; jackrab-
bits. $22.50 dozen.
Fruit Bartlett pears, $12 box; ap
ples, 3-tier to 4-tier, $12; canta
loupes. 75c$1.25standard crate; oranges.
Valencias, $611 box; lemons, $69
box; nectarines, $11.25 crate; grape
fruit, $7.509 crate; strawberries, 45
50c drawer; raspberries, 5055c drawer;
blackberries, 1525c drawer; loganber
ries, nominal; huckleberries, 20c pound:
avocadoes, $47 dozen; figs, 75c$1.2o
double-layer box; peaches, 65c$l crat;
plums, 65c $1.25 crate; grapes, $11.50
crate; Persian melons, 5085s crate; new
green apples, 75c$1.25 lug box; water
melons, lc and less a pound.
Vegetables Beans, 47c pound; car
rots, 75c $1; celery, $3.50 4 crate: cu
cumbers, 4075c lug; eggplant, 6065o
lug; lettuce, $1.502 crate; green corn,
1015c dozen; beets, $11.25 sack; on
ions, Stockton red, $1.251.40 cwt.; do,
yellow, $1.25 1.35 cwt.; do green, nom
inal; peas, nominal; bell peppers, 60
70o lug; potatoes. $1.25(851.60 cwt.;
new, l(5'2c pound; sweet, 23c
pound; rhubarb, $11.25 box; summer
squash, 658&c lug; spinach, 34o
pound; tomatoes, 40c$l lug; turnips,
75c$l sack; parsley, 30c dozen bunches;
radishes, 30c dozen bunches.
Receipts Flour, 4126 quarter sacks;
wheat. 100 centals: barley, 13,860 cen
tals; corn, 1715 centals; potatoes, 5998
sacks; onions, 3781 sacks; hay, 373 tons;
hides, 64; livestock, 100 head.
Naval Stores.
SAVANNAH, Sept. 13. Turpentine,
firm, $1.21; sales, 350 barrels; receipts.
602 barrels; shipments, 179 barrels; stock,
12.109 barrels. .
Rosin, firm; sales, 1221 barrels; re
ceipts, 1843 barrels; shipments, 605 bar
rels; stock, 98,576 barrels.
Quote: B, D, E. F, G, H, I, $5.25
5.32; K. $5.27 5.32; M, $5.305.40;
N, $5.455.50; WG, $6.10; 'WW,
$6.60 6.70.
Sugar Market.
NEW YORK. Sept. 13. Raw sugar,
centrifugal, 4.95c; refined fine granu
lated, 6.50c.
Dried rult at w York. '
NEW YORK, Sept. 13. Evaporated
apples, dull. Prunes, unsettled. Peaohes,
easy. j
. BY CHARLES D.. MICHAELS.. -(By
Chicago Tribune Leased Wire.)
CHICAGO, Sept. 13. While grain
prices averaged higher during the great
er part of the day. buying power gave
out toward the last. The finish was at
the low point. Wheat was off c,
corn and oats -4c hierher to lower
and rye 4c lower.
Liverpool wheat surprised the traders
by closing d higher, in the face of
the decline in North America the pre
vious day. The lack of nressure if mnt
grain at Liverpool was more pronounced.
This led. to fair buying and an advance
early, but the trading was not large. At
no time were prices more than e
above Tuesday's .finish. Local traders
went long on the bulge. They found sup
port lacking when they tried to take
proms, making the closing decline.
Larger Exports Reported.
A much larger export business than
reported has been put through lately.
Messages from the seaboard said Ger
many had taken 5,000,000 bushels wheat.
presumaDiy Manltobas, and 1.000,000
bushels rye throuEh London reeentlv. It
is estimated that seaboard exporters
have taken about 2.000.O0O hushpib harri
winters that have been pressing for sale
at eastern and Gulf ports in the last few
aays.
Primary arrivals of wheat in thn
days aggregated 7.580.000 bushels, or
656,000 bushels in excess of the previous
week and compared with 9,543.000
buahels lastyear. Shipments have been
3,069,000 bushels, against 5.550.000
bushels last- year. Winnioes: and the
northwestern markets are having a
liberal run with premiums at Minne
apolis unchanged to 2o lower. Local re
ceipts 111 cars.
Corn Low at Finish.
It was not jintll the last few minutes
of trading that corn prices got as low as
me iinisn 01 tne previous day. There
was no material pressure early, but when
w-heat weakened corn followed. Septem
ber held within a range of 34 c and
closed firm. There has been considerable
widening of the difference between con
tract and lower grades of cash corn in
the last few days. No. 4 grades dropped
to He under September today. Local re
ceipts 372 cars. Exporters took 190,000
bushels here and 200,000 bushels were sold
to go to store. Primary arrivals so far
this week of 5,421,000 bushels are nearly
2,000,000 bushels in excess of the previous
week and 305,000 bushels more than last
year.
Oats Are Dull.
Oats were dull with trade mainly of a
local character. September maintained
its premium of 'He over the December
with further buying of that delivery by
hedgers, who were transferring over into
the December. Receipts 103 cars.
Rye reflected the action of wheat.
Cash houses were on both sides of the
September with 'the seaboard a seller.
Duluth sold the deferred deliveries. A
fair export business was under way with
sales of 50, Out bushels mads to go to
store. "The two northwestern markets
had 378 cars at $2.23 per bushel.
Late corn was benefited by rains in
part of the central and lower Mississippi
and Ohio valleys. Corn matured too
rapidly in northern and eastern Iowa,
but condition is generally lair to very
good. Heat and drought caused some
damage in Illinois, Wisconsin and Minne
sota as well as in much of the great
plains district. Crop is mostly safe from
drought in North jaKota, aoum uanoia
and Nebraska. About 70 per cent is safe in
Iowa. Illinois will be mostly safe by
September 20 and Indiana safe within
another week. A considerable portion
of the winter wheat belt was benefited
by moisture.
Prussian bread erain crops this year
are officially estimated at 4,947,000 tons.
compared with e,30,oou tons last year.
m
Condition of corn in the states of
largest production, as given by returns
to the Price Current Grain reporter fol
low: Ohio, 84; Indiana, 82; Illinois. 79 ;
Missouri, 71; Iowa, at; soutn uaKota,
69; Nebraska, 69; Kansas, 67, and Okla
homa, 56. Estimates on the amount of
fall plowing range from 42 to 59 per cent
in'the winter wheat territory. .
Railroad men say the settlement of the
shop strike should give the roads more
men to repair motive power and cars,
thus eventually increase traffic facilities.
Sentimentally it is expected to increase
selling pressure for a time.
Retail nrices of hoe products, beef and
mutton are almost as high now as they
wo fliirinff the war. said Charles Sin
cere and company's provision specialist.
With the bulk or nogs selling aruunu
7V.C per pound, the demand lor porK
products would be so enormous that they
would be consumed as fast as produced,
if retailers would keep down prices to
anytmng use a ucwjii 10. . i. ......
The number of stock hogs on farms in
the United States on September 1. as
shown by the government report is 7
per cent in excess of 1921. In North
Dakota tho increase is 10 per cent.
"Nothing but an immediate revival of
the export business will encourage any
buying power large enough- . to Tielp
wheat," says Bartlett Frazier & Co.
President Anderson of the Equity so
ciety is looking arouna umcago ior 1
site on which to erect a grain elevator to
cost $1.000.000.
EXPORT TIDE CHECKED
.62
.56
.60
.34
.34
.37
10.40
9.50
9.60
No.
ports to the effect that export business
in American wheat th past two days
has been larger than reported failed to
revive confidence in the market. It was
said that Germany bad bought about
5.000,000 bushels of wheat In the past
few days and that the bulk of hard
winters at Buffalo, Montreal and other
points had been cleaned -up.' Winnipeg
messages also intimated that a large
business had been done in Canadian
wheat, but added that the prospective
movement will more than offset the de
mand. Receipts at winter wheat mar
kets are falling off, while the domestic
milling demand is broadening.
Corn Showed independent strength
at the start and held the advance well
until shortly before the close when
wheat weakened. Cash com was steady
for the better grades, but easier for the
lower quality grain which lost about
of a cent relative to futures. Country
offerings to arrive were reported only
fair. Sentiment Is friendly to the buy
ing side of this commodity, based on re
duced crop outlook, small available
stocks and prospects of a strong situ
ation to be felt a little later in the sea
son because of the large hog popula
tion. Oats Displayed a firm tone with very
little selling pressure in evidence and
commission house support on tbs small
recessions. Cash market was firm on
small receipts. - Shipping sales reported
were 125,000 bushels, including 50,000
bushels to exporters. Country offerings
to arrive light.
Rye Hedging by the northwest and
selling, of September by the east In the
way of liquidation offset the demand for
deferred positions from export inter
ests. Cash rye was nominally firm with
limited offerings.
Leading futures ranged as follows:
WHEAT.
Open. . High. Low. Close.
Sept. .....$ .99 $1.00 $ .99 $ .99
Dec 1.01 1.01 1.00 1.00
May 1.06 1.06 1.05 -.05
CORN.
Sept 62 62 .62
Dec 56 .67 .56
May 60 .60 .60
OATS.
Sept 34i .35 .34
Decv. 24 .34 .34
May 27 .37 .37
LARD.
Oct 10.27 10.42 10.27
Jan. 8.90 8.95 8.90
SHORT RIBS.
Sept. ..... 9.50
Oct 9.60
Cash prices were:
Wheat No. 2 hard, $1.02
hard, $1.01.
Corn No. 2 mixed, 6262c; No. 2
yellow, 6464c.
Oats No. 2 white, 36 37c; No. 3
white, 3536c.
Rye No. 3, -70c.
Barley 55 61c.
Timothy $4o.
'Clover $1216.50.
Pork Nominal.
Lard $10.42.
Ribs 9.50 10.90.
Primary Receipts.
CHICAGO, Sept. 13. Primary receipts:
Wheat, 2,051,000 bushels versus 2,369,000
bushels; corn, 1,584,000 bushels versus
1,690,000 bushels; oats. 887,000 bushels
versus 841,000 bushels.
Shipments Wheat, 911,000 bushels
versus 1,862,000 bushels; corn, 657,000
bushels versus 996,000 bushels; oats, 632,
000 bushels versus 805,000 bushels.
Clearances Wheat. 13.000 bushels;
Lcorn, 95,000 bushels; oats, 10,000 bushels;
flour, 34.000 barrels.
Deliveries Wheat, 86,000 bushels; corn,
30,000 bushels; oats, 261,000 bushels.
Car lots Minneapolis, wheat 383, rye
10, flax 13; Kansas City, wheat 159, corn
7, oats 13; St. Louis, wheat 33, corn 18,
oats 23; Omaha, wheat 117, corn 42,
oats 28; Winnipeg, wheat 1086, oats 38,
barley 30, rye 50-; Duluth, wheat 915,
corn 49. oats 13, rye 368, barley 52, flax
29. - "
Minneapolis Grain Market.
Reported by the McCaull-Dinsmore
Grain company of Portland:
Wheat No. 1 dark, good to fancy to
arrive, $L081.26; fancy. No. 1 dark
northern, $1.17 1.26 ;' No. 1 dark
northern,- $1.07 1.13 ; to arrive,
ti n7u Nn 1 northern. $1.03 1.11 ;
to arrive, $1.03; fancy No. 2 dark
northern, $1.11 1.12 ;. No. 2 dark
northern, $1.01 1.09 ; No. 2 nortlr
ern, 99c1.07; fancy No. 3 dark
northern, $1.07 1.16 ; No. 3 dark
northern, 96c$1.06; No. 3 northern,
93c1.03; No. 1 dark hard Montana,
good to fancy to arrive, $1.09 1.13 ;
No. 1 dark hard Montana, $1.09
1.13; to arrive, $1.08; No. 1 hard
Montana, 97c$1.04; to arrive, 97c
$1.03; No. 1 dark hard Minnesota
and South Dakota, $1.08 1.09 ; to
arrive, $1.07 1.08 ; No. 2 hard Min'
nesota and South Dakota, 9198c;
to arrive, 9596c; fancy No. 1 amber
durum, 96c$1.00 ; to arrive, 91
94c: No. 1 amber durum, 8893c;
to arrive, 85 ; No. 1 durum, 80 87c;
to arrive, 78c; fancy No. 2 amber du
rum, 9498c; No. 2 amber durum,
8591c; No. 2 durum, 7784c.
Corn No. 2 yellow, 68 59c; to ar
rive, 58c; No. 3 yellow, 6758c; to
arrive, 67 c.
Oats No. 2 white. 3133c; No. 3
white, 3632c: to arrive, 30c.
Barley Choice, ozcpo4c; meaium gooa.
4851c; lower, 4447c.
Rye No. 2 6565c: to arrive,
65c..'
Flax No. 1, J2.20; to arWve, $2.18.
Wheat futures September, $1.01 :
December, $1.01; May. $1.05c.
Cash Grain Markets.
Furnished by Jordan-Wentworth & Co.,
Portland:
OMAHA, Sept. 13. Wheat No. 2 hard
white, 95c $1.04; No. 3 hard wljite, 94c
$1.04.
Corn No. 2 white, 54e; No. -2 yellow,
54c55;; No. 2 mixed, 54c..
Oats No. 2 white, 35c.
ST LOUIS, Sept. 13. Wheat No. 2
red, $1.12; No. 2 hard white, $1.02.
Corn No. 2 mixed, 61c; No. 2 white,
61c; No. 2 yellow, 61 c.
Oats No. 2 white, 39 c. '
DULUTH, Sept. 13. Flax 1$2.23
2.35.
FANCY CATTLE AT YARDS
LOADS OF HIGH-GRADE
STOCK FROM CALGARY.
4 steers 767
25 steers 1328
2 steers 830
6 steers 811
1 steer . 950
1 steer .1050
2 steers 1190
1 steer .1010
1 steer .1100
7 steers 1030
23 steers 1411
23 steers 1420
Icow .. 960
cow . . 900
1 cow
1 cow
1 cow
1 cow
1 cow
3 heifs
1100
.1170
.1130
. 770
. 840
630
3H4 4.00
240 3.50
490 7.00
240 10.00
120 10.00
173 10.50
76 fl.OO
180 10.50
161 10.25
1S7 10.40
520 7.25
146 10.40
80 10.50
67 10.00
141 4.50
Best Steers In Lot Bring $8.25;
Market Is Steady and Un
changed in Other Lines.
Eight loads of fancy cattle were re
ceived at the yards yesterday from Cal
gary, Canada, and three loads were dis
posed of during the day at high prices.
Two loads of steers of good weight were
sold at $8.25 and one load at $3.
Aside from this, the market was with
out feature. The cattle market held
steady and the regular top remained at
$8. A few hog sales were reported on
the basis of $10.50 for prime lightweights.
The best lambs offered brought $10.50.
Receipts were 185 oattle and 401
Bheep.
The day's sales were as follows:
. Weight. Price.) Weight. Price.
1 steer .1150 $7.00 1 stag ..1000 3.70
2 steers 825 5.25 11 mixed
4.901 17 calves
8.001 1 hon .
4.251 2 hogs
4.751 2 hogs
4.751 8 hops
4.501 24 lambs
5.25! 1 hog .
5.251 10 hogs
5.251 14 hogs
5.751 1 hog .'
8.25L- 5 hogs..
8.251173 lambs
4.00! 35 lambs
3.001 6 ewes .,
2.001 46 ewes .
4.00! 25 ewes .
4.001114 ewes .
2.001 2 bucks
2.001 1 calf
4.50! 1 bull
6.501
Prices quoted yesterday at the Port
land Union stockyards were as follows:
Cattle
Chaice steers
Medium to good steers
Fair to medium steers
Common to fair steers
Choice cows and heifers . . .
Med. to good cows, heifers..
Fair, medium cows, heifers.
Common cows
fanners 1.50 2.00
Bulls 3.00 4.00
Choice feeders 5.00 5.50
Fair to good feeders 4.00O 5.00
Choice dairy calves 8.50ifi 9 00
Prime light Calves .- 8.00 8.50
Medium to light calves 7.00 8;00
Heavy calves 5.00 7.00
Common heavy calves 4.00 5.00
Hogs
Prime light 10.0010.50
Smooth heavy 200 300 lbs. 9.00 9.60
Smooth heavy, 300 lbs. up.. 8.00 9.00
Rough heavy 6.00 8.00
Fat pigs 9.7510.00
Feeder pigs 9.7510.00
Stags, subject to dockage.. 5.00 7.00
-Sheep
East-of-mountain lambs .. .10.00 11.00
Choice valley lambs 9.60 10.50
Medium valley lambs 8.00 9.00
Common valley lambs ..... 6.00 8.00
Cull lambs 5.00 6.00
Light yearlings 8.00 8.50
Heavy yearlings 7.00 8.00
Light wethers 6.00 7.00
Heavy wethers 5.00 6.00
Ewes 2.00 5.00
. 115
. 143
. 114
180
. 140
.1570
7.75
4.50
7.75
3.00
9.50
3.50
1 stag .1400
. .$ 7.50 $8.00
. . 6.75 7.50
. ." 5.75 6.75
.. 4.00 5.75
. . 5.00 5.50
3.50 4.50
3.00 3.50
!.00 3.00
BUYING HALTED BY DECLINE
IX FOREIGN EXCHANGE.
Early Gains, Based on Liverpool
Advance, More Than Wiped
Out at Chicago.
CHICAGO, Sept. 13. Dearth of new
export business weakened the wheat
market at the last today, more than
wiping out earlier gains based largely on
higher quotations at Liverpool. Th close
was easy at the same as yesterday s fin
ish to c lower with December $1.00
1.00, and May, $1.05 1.05. Corn
closed a shade off to c up, oats at c
decline to a like advance and provisions
varied from 5c setback to a rise of 17c.
At first, the wheat market tended up
ward, the majority of traders being im
pressed by the unlooked for action of
values at Liverpool, where prices had
mounted potwithstanding declines yes
terday in America. Gossip was heard
that export buying of United States hard
winter wheat in the last few days had
totaled 2.000,000 bushels and that Ger
many had purchased through London
5,000.000 bushels of wheat and 1,000,0000
bushels of rye.
In the final 30 minutes of the session,
however, selling by early buyers besame
tu conspicuous factor, messages from the
seaboard telling of absence of any fresh
purchasing from Europe, and exporters
having taken only 170,000 bushels here.
Declines in rates of foreign exchange
were said to have operated against ex
port business today.
Corn and oats were governed chiefly
by tho action of wheat. Sales of corn
to go into store here for delivery on
September contracts tended somewhat to
ease the corn market.
Provisions averaged higher with hogs,
but trade lacked volume. r
The Chicago grain letter received yes
terday by the Overbeck & Cooke com
pany of Portland follows:
Wheat inactivity featured tne early
trading with prices at a small premium
over last night's final figures. Later in
the day what support there was in the
market was filled up and the close was
KANSAS CITY, Mo., Sept. 13. Wheat.
No. 2 hard, 98c$1.09 No. 1 red,
$1.091.10. ,
Grain at San Francisco.
SAN FRANCISCO, Sept. 13. Wheat,
milline. $1.80 1.85: feed. $l75l.Sl:
barley, feed, $1.151.20; shipping, $1.25
1.35.
Oats Red feed. $1.60 1.S5.
Corn White Egyptian, nominal. -
Hay Wheat, $1517; fair, $1315;
tame oats. $1416; wild oats, $1012;
alfalfa, $1316; stock, $911; straw,
$9 11. . '
Winnipeg Wheat Market.
WINNIPEG, Sept 13. Cash wheat
No. 1 northern, 97 c; No. 2, 97c; No. 3,
91c; No. 4, 86c; No. 5, 80c; No. 6,
70c; feed, 60c; track, 96c.
Futures October, 94 c; December,
93 c; May, 98 c.
Seattle Grain Market.
SEATTLE, Sept. 13. Wheat Hard
white, $1.05; soft white, western white,
hard red winter, soft red winter, north
ern spring, $L04; western red, $1.02;
Big Bend blue stem, $1.18.
Feed and hay unchanged.
COTTON MAKKKT REACTIONARY
Futures Close Around Low Point of Day
at New York,
(By Chicago Tribune Leased Wire.)
NEW YORK, Sept. 13. Cotton futures
were reactionary in the late trading
after a slight early gain. They closed
around tho low point for the day, 18 to
24 points under the previous closing.
Morning support was from the trade.
New Orleans and Wall street shorts.
Around midday the list was . 10 to 22
points net higher, but southern selling
increased in the afternoon and the de
mand slackened.
The local market for spot was quiet,
20 points decline, 21.80c for middling
upland; sales nil.
Southern markets Galveston, 21.05c,
20 points decline; New Orleans. ' 21.25c,
unchanged; Savannah, 21.25c, 25 points
decline; Memphis, 21.25c; unchanged;
Houston, 21.05c, 20 points decline; Little
Rock, ,21.03c, unchanged.
NEW YORK, Sept 13. Cotton' futures
opened firm; October, 21.80c: December,
22.12c; March. 22.18c; May, 22.14c.
Futures closed easy; October, 21.52c;
December, 21.80c; January, 21.62c;
March, 21.80c; May, 2L72c.
I
Coffee Futures Lower.
NEW YORK, Sept. 13. There was
rather a sharp break in the market for
coffee futures here today which seemed
to be started by the circulation of a few
September notices which brought in scat
tering near-month liquidation. This led
to selling of the later months. The
market closed at a net decline of 12 to
23 points. Sales were estimated at about
32,000 bags, including exchanges. Sep
tember 9.40c; October .4o; December
9.54c; January 9.55c; March, May and
July 9.56c.
Spot coffee was reported firm at 10 c
Chicago Livestock Market.
CHICAGO, Sept. 13. (United States
Department of Agriculture.) Cattle
Receipts, 11,000; active; beef steers and
butchers' stock strong to 15c higher;
top beef steers, $11.25 paid for several
loads, part load at $11.35; strictly choice
and prime kinds, scarce; bulk of beef
steers of value to sell at $910.50; can
ners, strong to 10c higher: -bulls and
stockers, strong ; veal calves, steady to
25c higher; bulk desirable bologna bulls,
$i. 15(64.35; bulk" fat she stock, $4.50
7.25; bulk, canners and cutters,' $2.85
3.50; bulk veal calves, early. $12.5013.
Hogs Receipts, 16,000; light weight
active, steady to strong; packing grades
slow, around steady; bulk. 170 to 220-
Dound averages. $9.609.75: top. J9.80
bulk, 230 to 260-pound butchers, $9.35
9.60; bulk, 280 to 310-pound butchers,
$S.608.90; bulk, packing sows, $77.75;
pigs, dull, mostly $8.509; heavy. $8.10
9.30; medium, $99.80: light, $9.50
9.80; light lights, J8.909.45; packing
sows, smooth, $7. i5; packing sows.
rough, $6.607.25; killing pigs. $89.25.
Sheep Receipts, 16,000, fat lambs
opening around 25c higher; early top
natives. $13.25; bulk, $12.75 13; best
western unsold early; choice Washing
ton confidentially held above $13.50;
sheep, scarce, firm; fat ewes mostly $4
6.25; feeders, strong; desirable light
feeding lambs, $13.
Kansas City Livestock Market.
KANSAS CITY, Sept. 13. (United
States Department of Agriculture.)
Cattle Receipts, 15,000; beef steers,
steady to 15c higher; best medium
weights, $10.75; top, 1000-pound year
lings, $10.75; better grades grassers,
$7.508.35; others $6.757.20; fat she
stock, steady to 25 higher; bulk cows.
$3.755.o0, few good enough to pass
$6: most grass heifers, $5(6.25; can
ners, strong, mostly $2.252.40; bulls,
strong to 25c higher; bulk better
bolognas, $4; calves, steady to 5c higher,
mostly strong; small lots, $11; practical
top. $10.50.
Hogs Receipts, 8000, closing steady
to strong; spots, higher; shipper and
packer top, $9.15; shippers took about
1300: 170 to 220-pounders. $S.909.10;
240 to 300-ppunders, $8. 60 9; bulk sales,
$8.659.10; packer sows, steady to
Btrong, mostly $7.157.50; stock pigs,
steady, $8.758.0; best natives, .
Sheep Receipts, 15,000; fat lambs, 10
15c higher; bulk, early sales, $12.75
westerns, $13.1513.40; sheep, steady;
odd lots fat ewes around $6.
Omaha Livestock Market.
OMAHA. Neb., Sept. 13. (United
States Department of Agriculture.)
Hogs Receipts. 10,51: steady to 6c
higher: close weak; bulk packing grades?
$77.50; bulk, 200 to 300-pound butchers,
$8.509.15; top, $9.25.
Cattle Receipts, 5500; better grades
of corn-fed beef steers about 10 15c
higher; top, $11. new top for the year
to date; better grades of beef steers and
grassers, steady; she stock, mostly
steady; bulls, strong; veals-, steady;
stockers and feeders, steady.
Shep Rclpts. 15,000; fat lambs. 10
15c higtfer; bulk, early sales. $12.75
13.10: ton. $13.1-'5: native 'lambs up to
$13; sheep and feeders, firm; ewes, $5.50
down; feeding lambs, ' $12.75 13.
San Francisco Livestock Market.
SAN FRANCISCO, -'Sept.. 13. (Quota
tions furnished by Federal-State Live
stock Market News Service, based on
prices off cars at San Francisco.)
Cattle Beef steers, good grade, $7.75
8; medium grade. $77.60; common
grade, $67.75; beef cows, good grade,
$o.756; medium grades, $5.255.50;
common grade, $45; canners and cut
ters. $23.50; bologna bulls, $2.604.
Calves 150 to 200 pounds, good and
choice, $8.759.25; 200 to 250 pounds,
good and rholre. S7.50S.50: ?SO to
The Safe Position
of
Public Utilities
Figures show the desirability of Public Utility Securities as
investments. Over a period of the last thirty year the risk
of receivership in industrials has been $2.07 per annum
per $100 of securities outstanding. With railroads it Has
been $1.84A while in the case of Public Utilities only $0.37.
5 cents above that for National banks.
During the same period railways showed average net earnings
of 4.5, industrials 7.8. and Public Utilities 8.45.
Good Public Utility securities combine the attractive features
of railroad bonds, the liberal return of industrials without
so much of their speculative features, and the fundamental
security public necessity of the municipal bond.
At the present time we are offering a group of desirable Public
Utility bonds at attractive prices. Descriptions of these will
be furnished on request.
Blyth. Witter fo
FOURTH AND STARK. PORTLAND
Broadmay 6481
San Francisco
Los Angeles
New York
Chicago
Seattle
Portland
300 pounds, good and choice. $g.607 50;
over 300 pounds, $5.506.50.
Hogs Good and choice, grain-fed Cali
fornias. 150 to 200 pounds, $11.50 12.25;
200 to 250 pounds. $1111.50: 250 to
300 pounds, $10 11; over 300 pounds, S'J
10; smooth sows, 250 to 300 pounds,
$7.508: rniiD-h ,o . n ,,,n , ..
$6.507: over 800 pounds, $5.506 50.
o.ipcp miu lamps run wooled lambs.
good and choice tranVn, $11.73 0 12.25
medium - grade. 111 3 11 50; ewe, me
dium and good. $56; wethsrm. medium
and good, $79 8 50; yearlings, wsthv.-s.
medium and good, nous offered.
Seattle IJvestork Markrt.
SEATTLE, sept. 13- Hogs and csttl.
ftady: no rreipts; prlrts unrnanged.
We offer our participation in
$3,500,000
NEBRASKA POWER CO.
6 Gold Debenture Bonds
Dated Sept. 1, 1922. Due Sept. 1, 2022.
Nonmailable for 25 Years.
ntSIXKSS AD The Nebraska Power Company and Its
TERRITORY i predecessors have successfully con
ducted an electric light and power
business in Omaha, Nebraska, and
vicinity for 38 years. TJirouh & eub
N sidiary it furnishes commercial and
municipal electric power and liifht and
gas service in Council Bluffs, Iowa.
Combined population served (1U20 U.S.
census) is 237,162.
Bonds are direct oblisrations of NVD.
raska Power Company and are callable
after 25 years at 110.
PURPOSE OF
ISSVKl
KHL'lTVl
StPKRVISIO.Vt
Kor fiscal ypar ended July 31. 1VZ2.
earnings applicable to Interest churl's
,were 2.17 times annual interest re
quirements on total funded debt, which
will be outstanding upon completion
of this financing, including this iMue
of gold bonds.
Proceeds of this Issue will he used for
retirement of all-general mortgage S'
bonds, 10-year 5': notes, and ail float
ing indebtedness of the Company.
These bonds will be followed by
$4,000,000 par value To (inferred
stocks and ta.OOO.ooo par Value com
mon stocks, all of which have been
paying dividends. Dividends have been
paid without interruption on the pre
ferred slocks of the Company anil Its
predecessors for the past 19 years.
The Nebraska Power Company is con
trolled by American Power &. IlKbt
Company and the operation of the
properties Is under the supervision of
the Kleclrln Bond & Share Company,
assuring efficiency In operation and
vigorous development of new business.
oro;!2ooiijJ
rather easy at about the bottom. Re-1 for Rio 7a and 16 15 &a lor Santos -is.
An Indispensable
Connection
TjEW people men or women
" can a d v a n t ageously get
along without the; services of a
trust company. There are too
many important decisions to
make and things to do to fore
go the benefits' of advice and
assistance which we afford in
consultation with clients.
Ask about oar plan of
financing home building.
Portland Trust
Company -f Oregon
SIXTH AND MORRISON
. , aAffiliated with
Nortltmstprn National Baiia
Price: 90.50 and Interest to Yield
CLARK, KENDALL & CO., INC.
Temporary Location, 295 Stark St. Portland, Oregon.
m
New Issue
Swift Company
5 Sinking Fund Gold Notes
' Due October 16, 1932
These notes are redeemable at the
option of the Company during 1923
at '1022; such premium decreasing
one-quarter per cent each succeed
ing year thereafter.
Price 97 and Interest
To Yield 5.40
Call, write or phone Main 4195 for reservations.
GrErMILLER COMPANY
Portland municipal
Seattle -
MM:
coRPcnAficN San Franrinco
1 L.os AngricH
2d Floor N. W. Bank Bldg., Portland. Phone Main 4195,