Morning Oregonian. (Portland, Or.) 1861-1937, September 16, 1922, Image 21

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Morning Oregonian., September 16, 1922, Page 21, Image 21

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Newspaper Page Text.- . ' ' ' THE 3IORXING OREGONIAy, SATURDAY, SEPTE3IBER 16, 1923 - " 21 I "WAR SCARE" FAILS IT UBB MARKET News From East Has Effect on Stocks. No EXCHANGE EVEN GOES UP Fractional Declines Noted la Gen eral Railroad Ijisfc Bonds Firm and Active. (By Chicago Tribune Leased "Wire.) NEW YORK Sept. 15. Probably at tsaclon was directed with more or less interest today to the movement or tn Turkish army toward Constantinople than to domestic considerations bearing en the market. The possible complica tions to which the imagination of th cof respondents lent itself provided mate rials for the old-fashioned and familiar "war scare" a they have not been pro vided since the Russians were anvms the Pole into Warsaw, early in 1920. But the markets, although they dis cussed the dispatches from Athens and Smyrna, were not visibly affected by them. Even the rates of exchange on the various European markets went mod erately higher today, the foreign stock markets hardly moved and pur ewn stock market, although more or less ir regular, ended as a whole higher than yesterday's closings. The German mark recovered along with the other European exchanges, apparently not being greatly influenced by Germany's new insistence that the condition of Belgium's con cettflon of a moratorium are too hard - h& TJ 11 tha morlta ha VM BTAWn aceustomed to Germany's programme of action on sucn occasions. On the Stock Exchange the day's busi ness, although large itt total ir&nsac-tinnci- was bo peculiarly concentrated in a. eomDaratlvely small list of stocks (many of them of altogether minor im portance) as to indicate nothing but ac tivities of professional traders. The railway shares did not continue their advance of the day before and there were a good many fractional de? cllnes la the general list. Nevertheless, advances predominated and some of them ran to two points or more. The bond market was active and generally firm, but with some renewed weakness in French government and municipal secu rities. . There have been some extremely large over - the - counter trades in first-class bonds during the last few days. In some eases these transactions have been at prices that do not entirely square with the current quotations on the New York tetock Exchange. These dealt, of course, are by private agreement and can b made at any price satisfactory to the buyer and seller without regard to what may be the current quotations. It was reported today that a round half million of Chicago, Burlington & Quincy, Illinois division 3s, were sold across the coun ter at 85 flat. The Stock Exchange quo tation, on extremely email dealings, was Speculation is rife in the financial dis trict regarding the possible action to be taken by directors of the American Ice company when they meet for dividend action later in the month. Deepite the Inability of the representa tives of the Canadian government to in duce Carl Gruy, president of the Union Pacific railroad, and several other prom? lnent American railroad executives q assume the chairmanship of the Can a? dian Nationaf railways, owned and op erated by the Canadian government, the government representatives are bent on getting an American to assume the responsibility. 8Xl4 ... do 6a . . Sou Ry con 5a So Pao cv 4a do S F term as.......... 8 P ref 4a 6t L & a F P I, 4a A do eon 6a ... . . do P It 5a, B do gen 6s do inc GjT St ti & S W 1st 5s do coo 4a , do 1st 4s .......a.,,.. Tex Pao 1st 6s .......... TJn Pao 1st 4s .......... do cv 4a do ref 4s do 6s 1028 Up Tank 7s laso Wabash 1st 5s 1U88 do lid 6s 1U39 West Pao 5s 1940 Industrials Allied Packers 6s .......... 1939 Amo Agr CU 7ft .......... 1U41 Amn Bin 1st 6s 1947 Amn Tob 7s 1923 I860 60 1940 2S 1945 69 1994 99 1929 93 1955 81 K 11)50 S6H 1949 01 1930 105 1950 70 1931 100 1950 91 1931 104 1955 t0 10 78 1952 82 1932 79 'A IBM! b0 2000 100 1947 94 1927 95 2008 89 HAIL CHANGES MIXED INVESTMENT BONDS ARE IN GOOD DEMAND. Anaconda 6s A do 7s B 1929 1929 Armour cv 7s ... 1930 105 do 4V4s Beaver Board 8s , . , 1939 1933 tiiberty Issues Irregular at New York; Slexican and French lioans Are Weak. UEW YORK. Sept. 15. Pronounced weakness In some of the Mexican govern ment and French municipal issues im parted an irregular trend to today's deal ings in bands sa tn New York stock exchange. Mexican 4s and City of Marseilles 6s were forced down 1. while losses of 1 to 1 took place in Mexican oa ana luro-A fi. Lvong 6s. Bordeaux 6s and Piirls-l,vons-Mediterranean Js. Belgian nnrt rszacna-Slovaklan issues also were 92 I inclined to weakness, but Canadian bonds ow were in rood demand, tne oa ox xvo 105 92 7 82 105 05 101 102 104 Houston Oil Hupp Motor ... Ills Cent Inspiration ... Interboro . . . . . do pfd Inter Callahan. Int Harv Int Mer Marine do pfd Int Nickel .... Int Paper f.SSA 2Si BIV 1,000 22Ti 22 22 700 115 115 115 1,000 41 41 41 100 1 1 1 400 4 4 4 1,400 . 9 600 111 111 111 1,600 14 14 14 6,70O 59 57 58 200 17 17 17 900 60 9 59 do Pld ....... ..... ..... so . Invincible Oil... 2,900 15 14 14 Island Oil 1,000 J. Kayser 700 45 K C Southern... loo 26 do pfd 300 58 Kelly-Spgfld ... 200 43 Kennecott ..... 2,200 3 Keystone Tlrs .. 1.700 8 Lack Steel 4,400 81 Lee Tire 100 26 Lehigh Valley... 1,300 70 Loew Theaters. .38,300 22 L & N 100 138 Lima Loco .1,000, 63 juaxweli Mot A. . 4UO 59 do B. May Stores. 48 43 36 80 26 69 69 20 2134 137 137 59 62 58 . oa 45 26 68 43 86 8 74 .26 ALL LINES HGLO STEADY PRICES ARE MAINTAINED AT NORTH PORTLAND YARDS. 900 19 19 J8 200 136 136 135 M Pet ... 13,300 188 188 Beth Steel 7s 1923 106 holding" steady.around 100. do ea 7s do ref 5s , Cerro de Pasco 8s Clille conv 6s A do 7s Copper Exp 8s . 1923 do 19 do 1925 Colo F & I gen 5 1943 uoio urn os f'o-t Cuban Amn Sue; 8s 1931 1 930 J927 1935 1935 103 Mined channel prevailed in the rail 1942 96I.na,7 I i t Now r r Ip.nA Texas ac Mex- iqi 'j?- ico Cs were pushed up 8 points. Frisco Cuban Cane cv 7s Distillers Sec cv 5s Dlam Match 7s . Dupont 7s Pick 8 ...... Gen Elec dob 5s ... do os . n IU1U ttl " " w " - 1 l.. ni.i..nn A. A Wan alia nnd MlnnitlD 102 I "r . -". -- --j- moil olls-st. Louis reiunamg is ana os. kui ' I , a i. o .. .HnnAl I- Tnu.lli and recessions of a point or mors 107 were registered by Pennsyivama gen, KM Aral hi anil bLifau 4S ui 48 I Investment issues were in good demand 107 throus-hout the day. Chicago dispatches 1931 . lvny, revising rumors ol packing nouse jner J941 108 gGT3 were held responsible for the 1952 102 .tr.n.th nf WIlHitn comDsnv convertible ?"? ?V? 1 nnitifa resnectlvelv. General Electric 6s and Bush Terminal Building 5s wen. 116 Goodrich 7s Rnfidvpar Ha 1941 S!S3Ti; '' iiZZ iX? the other outstanding strong spots in Til HfcJl rtK iUR 1940 93 1 me lnousinai iiu- now" ""uu" ind Sts'el IS f! ':::::::. IBM 10? "it reactionary on profit-taking. Int Airr 6s ....1033 81 Liberty issues were irregular, Int Marine C T 6s 1923 1950 1931 1951 1944 1951 1944 1936 . 1940 . 1922 . 1923 . 1951 . 1925 . 1931 . 1941 .. 1947 10(53 1923 1932 1922 1938 1936 1941 1928 The stock of the Gulf Oil corporation, which has always been a closely held corporation, was mere active in the out side and over-the?ceunter market' today than for many months. The coming ex change of stock amounts to a stock divi eland of 200 per cent. The present out standing stock, , which closed fat 590 on Thursday, opened at 600 today and im mediately advanced to 676. In the later dealings it sold off to 650. si which price it elosed. An exceedingly wealthy but eccentric man dropped in to see the president of ene of Wall street's banks this week and gave an order for $1,250,000 worth of first-grade bonds. "I want these bonds," he told the banker, "all or more, at the prices indi cated and will not pay one cent over.1' "What is to become of these bonds ?" asked the banker. "They are going directly inte my safe ty deposit vault, and I can pledge you my word they will stay there." The order was promptly filled, al though en a number of the issues it meant a concession of as mueh as three or four points. The only bond market change ef conse quence occurred in the foreign quarter, where unsettling European developments? brought about decided heaviness. Losses in this department ran as much as a point. Paris, Lyons and Mediterranean 6s were offered down to 74 from an opening price of 75. Czechoslovakia 8s fell nearly a point, while Denmark 8s also developed weakness. French Repub lic as were elf - at midday and Depart, meat of Seine 7s & point. , Kleing tendencies were less nre- neunced in the railway bond section. special rise of 3 points occurred in Lake Brie & Western firsts. Issues like Southern Pacific refunding 4s, Northern Pacific 6s and General 3s, St. Leuis & San Franoisco income and New York Centrals, recently aotive, were up a shade) lariner. e An advance of 2 points in American ' water Works 5s, of more than a point in Wllon 4 Ce. 7s and a sharp movement in Magma Copper 7s from an opening price of 115 to a new top of 120 were features et the industrial section. New York Bonds. Furnished by Jordan, Wentworth & jo. or i-oriiana: Atch gem 4s 1995 92 -u 4B ao is .......... B O raid 4s . do con 4s cv. . . I 1933 Kelly Springfiejd 8s , Kennecott 7s Lack Steel do 1st 5s ......... Llbbv MoS L 7s .... Lig & Myers 6s..... do 7s Lorillard 5s . do 7s Midvale 5s ..... Morris 4 Cs 7s Proc & Gamble 7s ... Republic I St 5s . . . Sears Koe 7s do is Steel & Tube 7s - Swift & Co 7s do 7s United Drug Ss ..... U S Rub 1st ref 5s .. do 7s IT S Steel sf 5a ...... Va Chem 5s Va Car Chem 7s . West Elec 5s West U T Tr 5s Western Union 6s , Wilson 1st 6s do ev 6s , . , , . r . , Westlnghouse 7s Public utilities Amn Lt & Tran 6s . . Amn Tel coll 4a . . 1929 do 5s 1946 Amn Tel 6s Beil Tel of Pa 7s . B R T 6s 1945 Cal Gas unl os 1937 Cities Service 7s B 1066 City Service 7s C 19t!6 do D 1966 Int Met 4s 1956 Int R T ref 5s 19S Laclede Gas 7s 1930 Mont Power os A 1943 Northwest Tel 7s 1941 Pac Tel 6s 1937 Pacific Gas 5s Southwest Tel 7s .. Oil bonder Anglo Amn 7s . U 111 Gulf Oil 7s Humble 7s 1923 Pan Amn 7s ,. 1930 Mex Pet cv 8S 1036 Sinclair 7s 3925 S O California 7s 1931 S O New York 7s 19K1 Tldewster Oil 6a"... 1931 price wiii oau. Khancpa mull within narrow limn. 19S1 108 Total eales, par value;, were 14, 19S0 104 634 000. 100 I An issue et 4 per cent equipment 93 I .mat !rtifi(?nt!i of the Illinois Central I railroad was disposed of at private sale 5VS on a 4.90 to 4.t5 basis. Thia was said I in ha tllA firRt. ISHIIO OT 4 6QU DDieai 99 r- rr "i." -,1,. .i,.; iict trusts since le w n . xnw " - " -l" I r-l Kl.r nrllT -nih S 1 liO OOrt OOO. 90 V11CI lllg. liivvawi , .. I , , tT-ir.n movements in loaays biucm. utai- 1923 102 ket were again frregular and influenced 95 I by processional activities, out mo mn-iu 100 trend continued upward. There waa a 101 noticeable slackening of bear pressure 101 end less vigorous speculative buying, 101 (with the result that changes were mainly 103 within narrower limits. The undertone 11J (continued stronir. 90 publlo utility issues made the most Jol? ?J2 spirited advance, gains of 1 to 8 points in that group bringing many stocks xa new high reeords lor tne year. oou anildatad Gas was actively traded In, closing at a net gain of 1 points, and there was substantial improvement alee in People's Gas, Laclede Gas and North American. Columbia & Pacific, after an 1D31 early display of strength, shaded a bit I on realizing sales. 192S 107 I The railroad list waa featured by the 3 advance of New xorvc central to par 99 I nrt npv hlirhs for the year by Pennsyt 1925 115 IvmtiIh. and lsjuw Orlenna. Texas & Mex 194o 10S ic Delaware & Hudson wasaHished up over 3 points, but other changes were largely fractional with gains and losses about evenly divided. Several new favorites were nrougnx to 104 100 105 10U 100 112 101 99 65 128 97 Vacuum Oil Foreign government Argentine 7s .............. 1927 Belgium 8s , 1941 Bolivia 8s 1947 Brazil Ss 1941 do 7s 1952 Canada 6s 1902 Chile 8s 1946 Czecho-Slovak 8s 1951 Denmark 0s 1942 putch East Indies 6s....... 1947 do 6s J11I12 French Cities 6s 1934 Mexico External 5s 1954 do 4b 1954 Netherlands 6s .... 1!I72 Parls-Lyon-Mdtrn 6s ., 1958 Rto de Janeiro 8s , 1947 Seine 7s ;. 1942 French Internal 4s 1917 Frenoh Victory 5s 1920 Belgian Restoration 5s British 2 consols Its! Cons War Loan. 5 .,, Curb bonds Allied Packers 6s .' Am Tel at Tel 6s 1923 do Hs 1924 Anaconda Copper 6s do 7s .... Anglo-Am 7s Armour & Co 7s Beth Steel 7a Copper Ex Assn 6s . do 8s Galena Signal OH 7s Gulf Oil Co. 7s Humble Oil 7s Inter Rapid Tran 7a ...... .... Sears Roebuck 7s 3-year.... 1923 So West Tel 7s Standard Oil N Y 6s . .". . do 7s Bwift & Co 7s do 7s . Vacuum Oil 7s 90 4 several new iavorn.es weio uiuugm n mi a. I tne lore, noiauiy opicer, laa uuu oui 1 .V I.' .w-t rpvas onri VlusHni, T ii i fiKi oi which reKiuiirreu mouoiaio kaiiio. 90 Wilson company packing stock al iokia vanced more than 2 points on a re vival or merger rumors. -ooi operations were in evidence in. some of these special stocks. steels 'and eouinments were quite ac. 1925 103 Ulve, but with the exception of a decline j iitiu ai'ujs of 1 in Baldwin, due largely to weea end profit-taking, the changes In tnese groups were only nominal. Mercnanais, ing issues, such as Wool worth, Kresge and May Department Stores, were taken in hand and pushed to higher ground There was fair activity also in copper shares, gains of a point or more being 1938 los?i recorded by Utah and Butte & buperior, tvitn iractionat gains eisewnere iu . til a 101 list. Total sales approximated l.ooi.uuu . .. 194 , . , 1925 .. 1983 103 99 94 108 104 I 100 101 100 105 106 110 103 103 9H I shares. 103 Forelim exchange rates were again ir- I regular, but with a narrower range- of loii? variation. There was a renewal of of nlv ferlngs of grain and cotton bills, but one 99 96 96 80 62 39 95 4 of the outstanding developments in the market was the supply of sterling ana guilders against shipments of flour, ths offerings coming direct irom. western points. Demand sterling was never more than fractionally higher and Dutch held steady. Call money held steady at 4 per cent. 101 Time money rates continued firm with wtk only a moderate amount of business be ing transacted, but there waa a fair market for commercial paper. CLOSING STOCK QUOTATIONS. Furnished by the Overbeck & Cooke 49 60 66 51 35 1 80 Sales. High. Low. Bid. 100 Adams Express . 100 73 78 78 101 Advance Rum 19 102 Agr Chem 900 40 39 39 103 AJax .Rubber ... 1,700 14 1? 14 103 Alaska Gold - 104 Alaska Juneau.. 100 1 1 1 103 Allied Chem ... 2,800 85 84 84 102 Aills-Chalmers .. 1,000 68 S8 68 103 do Pfd 102 105 Am Beet Sugar . 300 46 46 46 104 Am. Bosch 2,200 43 43 ' 43 100 Am Can- Co 1,600 62 62 62 100 do pfd 108 . 1935 1924 1025 101 Am Car & Fdy. .... jo.5 do pfd" . . . J933 109 Am Cot Oil . . 1926 . 106 do tifd 1925 101 Am Drug Synd.. 400 190 188 103 102 91 1930 107 1948 S7 87 92 102 114 1995 . . 1962 . . 1946 do ref 5s Canada Southern 5s.... Canadian Nor 6 do is 1640 JJ4 Cent Pae 1st 4s 1949 90 vnws as unuo cv VsS 1930 01 ao gen 4s 11192 90 w v as ,..,11146 8Vi do con 5s 1930 102 C B Q 111 dlv 4s 1949 92 C & Wejst Ind 4s. .......... .1952 78 v. ,v ri J H ill 54 C M & St P 4s...... j 1(125 84 do S 1932 74 u-cu 9sr , 1H34 lii do gn 4s A. 1089 69 do cv 5s 2014 77 do gr 4s A 2014 68 Chgo N W gen 4s 1957 90 do 6s 3088 111 Chgo N W 7s .' J03S iJo 1934 87 1935 91 1929 3 1033 102 J930 111 1936 1955 1996 3953 , 1953 1953 3 95 1 1936 1961 1936 78 47 65 62 54 S9 107 US U3J1 1836 106 C H I P rof 4s. Colo Sou rf ex 4e.. do 4s Del & Hudson cv 5a. do 7s D & R G cv 4s do ref 5s ......... Erie P L 4s , . do con 4 A do B do D Erie Pa C G 4s Gd Trunk eq 8s .. Gt Nor 4s Gt Nor 7s Gt Trunk 6a do 7s Ill Cent Jt 5 do ref 4s K C Sou ref 6s Keo & Dee M 1st 5s. i, a .11 s it L A N 7s do unl 4a , 8 C 7s M St P S S M M K & T 4s M P gen 4s do ref 5s NYC deb 4a do con 4s do ref Imp 4s .. do cv deh 6s N Y N H & H cv 63 N O Tex & Mex 5s ., N P P L 4s do 6s 'm.i 7 O S L ref 4a 1929 Penna 6s insi do gen 4a 1965 do 4s 190 do gen 5s 1968 101 7s J930 109 Beadin; gen 4s 11)97 SS s ... 1940 3963 1955 J 950 3923 1931 3930 1940 194li 1990 3975 1920 1934 3 998 2013 1935 1948 1935 3 997 114 9 91 94 08 93 107 94 101 107 80 09 97 81 88 91 107 85 80 91 110 98 112 98 300 Am Hide & Lea do pfd Am Ice Am Intl Corp 4,300 30 200 57 200 6 28 68 . 6 Foreign Bonds.' Furnished by Overbeck ac Cook coin- I -nl Linseed yaiiy Ul x-OTtianU! Belgian rest 5a . do prem 5s do 7a do 6s Brazil 8a ,, do 7s , British 5s ....... do 5a do 5s . . . .- do vky 4s do ref 4s U K 5s do 5s do 5s .... Bordeaux 6s Canadian 5s do 5s w.. . .. do 5a do 5a do 5s CTiinese 5s ....... Chile 8s French 4s . , do 5s do 5s ......... do 7a do 83 German W L 5s Berlin 4s Hamburg 4a .... do 4s Lelpsig 4s ..... ao os Munich 49 ao 59 Frankfort 4a ...... Italian 5a ....... Japanese 4s uo j st a .... do 2d 4s . INorway 3019 1920 3945 3 92 1041 1952 1922 1927 1929 1919 1919 J 922 11)29 1937 3934 3928 1927 Bid. 64 70 106 99 89 91 t 77 75 . 100 107 304 80 100 99 Asked. H7 73 107 100 103 - 02 91 93 93 SO 80 600 J18 118 2, Soil 36 35 1,800 87 36 do pld Am Loco do pfd Am Saf Razor.,. 600 7 2,900 126 124 7 Am Shin & Com. 1.S00 21 Am Smelter ... 1,000 64 190 122 29 57 6 14 71 117 86 37 56 324 118 1920 102 1937 1031 1951 98 100 .. 1941 104 3017 47 do pfd Am Snuff .... Am Steel Fdy. Am Sugar .... do pfd ...... Am Sumatra Am Tel & Tel . Am Tobacco . . do "B" ...,'. Am Wool do pfd Am W P pfd . - Am Zinc - Anaconda A "til "vu, Atchleon 4 1 104 20 20 64 63 107 liJ& 80 100 100 102 1UU 3920 3 931 . .. 3941 -.. 1045 .. 3018 . . 1931 . . 1925 , . 1925 66 58 98 101 .) .70 .75 .75 .611 .70 -.75 .75 .75 S.I S2 84 93 49 59 98 101 .61 300 102 102 102 100 151 151 150 .10,300 45 44 44 , 800 83 82 82 40O 110 110 110 , 400 43 42 43 . 3,200 123 122 123 . 200 164 163 363 ; 600 161 161 161 . 8,100 102 100 301 108 . 2,800 35 83 35 . 3,200 18 17 17 , 3,500 55 54 54 . -100 117 117 137 . 4,900-108 107 107 . 500 93 93 93 . 500 122 122 121 Atl Gulf & W I.. 1,900 33 - 32 82 Baldwin Loco ..10,900 138 136 136 do pfd Atl Coast Line do Did . Baltl & Ohio .. 3,600 58 do pfd 100 65 00 Barnsdell Corp .10,000 44 1 00 etn steel "a". 4,tiuu 7 1.00 I Booth Fish :t n n. a ......... 1 711.1 DUtte U & S5. 1.25 Butte & Sup. 1 25 Burns Bros . 1.25 Caddo Oil . . , Calif Packing Calif Pet 57 65. 42 .78 25 7 29 136 11 85 63 130 57 65 43 78 9 26 6 30 136 30 85 65 Swedish 0s 3930 3B40 111 do 6s Denmark 8s Russdan 53 .. UOm s do 6s Sao Paulo 8s . . Swiss 5s .... do bs Dutch E Ind 6a. do bs 1942 . . . 3 945 . .. 3 921 . .. 3 926 ... 3939 . . . 1930 105 09 110 12 'ii" 3 02 1929 305 3040 121 1947 96 1962 OS ROD 7 . 2,500 81 100 136 . 1,100 ; 11 . 1,400 85 . 3,300 65 do pfd 97 Canadian Pac ... 3,600 149 148 148 Cen Leather ... 1.700 43 43 43 cerro de I'asco. . l,wu 40 Con Textile 6O0 10 Chandler Motor. 2.200 68 Chicago N W .. 3,500 84 500 6 1,600 15 500 24 500 30 2.500 34 German bonds Quoted In dollars an cents. . Standard Oil Stocks. Standard Oil stocks furnisher Kv tvm Overbeck & Cooke company of Portland: Bid. Ask. 20 455 98 .205 113 147 37 153 97 . 56 112 105 177 98 27 178 109 230 22 . 15 270 ' 355 97 -S22 65 118 j 665 109 IZ 475 119 35 482 25 200 114 Anglo Borne Serysmer Buckeye Cheesebrough . . ao pia Continental .... Crescent ....... Cumberland .... Eureka Galena com . . . . do old pfd , . . , do new Dfd Illinois Pipe Indiana Pipe . . , National Transit ... 30 .,.430 . ... 97 ...195 ...110 ...144 35 ...148 ... 94 ... 5 ...308 ...103 ...174 ...86 .- 26. N Y Transit ITS' Northern Pipe unto oil International Fete Prairie oil Prairie Pipe Polar Refg Southern Pipe ... South Penn Oil S W Penn Oil S O Indiana do Kansas do Kentucky ... do New York .. do Ohio ....... do Dfd 1 1 H Swan & Finch .....'. 32 Vacuum .478 Washington "I S O Nebraska .....390 108 ....295 21 ....608 . ... 26 . 345 ..... 95 ....217 60 ....118 ....555 108 469 .470 40 10 63 94 15 23 30 33 52 69 76 35 40 10 62 94 6 35 28 30 33 62 70 75 85 51 36 82 94 106 09 111 14 1 Che-o Gt W . j; 1 no Tirn 103 Chili Cop J" Chino 122 C M St P coco cola 4,500 71 CftO 400 7A Colo F I 6,400 36 Colo Southern . . 51H) oi Col Gas & Elec. 11,300 114 112 113 Columbia Graph. 100 3 3 3 Con Gas 30,200 145 142 142 Cons Cigar .... 3,000 38 . 35 87 do pfd 75 City 8v Banker 21 Corn Prod 4,100 119 117 117 do pfd J37 Cosden Oil 32.500 52 51 52 C R I & P 5,300 49 49 49 do "A" pfd ... 100 103 103 103 do "B" pfd 800 93 92 92 Crucible 2,400 93 93 93 do pfd ....... 200 97 95 95 Cuba Cane 1,100 14 34 34 do pfd . ., 300 36 86 36 Cuban Am Sugar 6,500 26 35 25 Del Hudson... 300 139 137 139 Dome Mines .... 300 39 39 38 D L & W 100 135 135 184 Davison Chem.. 2,100 52 60S' 51 Endicott John... 1,200 88 88 88 Erie 1,200 1 6 15 15 do 1st pfd 6,500 26 24 25 Eleo Stor Bat ..17,200 60 67 50 Famous Players. 3,100 102 101 100 Fed Mln A Smelt 14 do pfd 600 60 ,60 60 Flsk Tire ...... 1,800 14 33 38 Gen Cigars 200 81 81 08 Gen Elec ...... 1,600 188 181 180 Gen Motor. 11,400 1 4 14 14 do 6 200 84 84, 84ii Gen Asphalt.... 3,700 66-. 65 66 Goodrich 500 84 34 34 Gildden Oil P 100 35 15 35 Granby 1,800 32 31 31 Great Nor Ore.. 500 41 41 41 do -pfd 8,800 85 85 94 Greene Canaea.. ;.. 81 Gulf 3 Steel ... 8,100 85 88 8.1 Glen Allien .... ..... ..... . 67 Miami Mid States Oil Midvale Steel.. M K & T Wi.. Mack Truck . . Mont - Power . . Mont Ward Mo Pac . . . do Dfd . . . Mex Seaboard. Marland Oil .... Martin Parry. . . Nat Enamel .... Nat Lead .. Nevada Con. New Haven . . . Nerfolk & W... Nor Pac Nova Sco Steel. . N Y Air Brake. 600 82 N Y Central.... 1,300 100 North Amn 10,500 99 Okla Prod ref.. 600 2 Ontario Sliver '. . ' 100 6 Ontario & W. .. 2,400 27 Otis Steel. ...... 700 11 rauic juisv...,. 1,4114 . b'ym 300 29 4,500 33 700 35 "400 18 1.000 60 ... 3,500 76 . .. 1,000 22 . ,. 1,500 23 ZB.UOO 62 , 2,100 20 . 1,500 40 700 33 800 63 , 1,000 106 400 16 8,700 33 2,100 124 3,400 89 29 18 84 18 69 22" 22 62 19 40 32 62 105 16 31 123 88 "80' 99 y 2 6 26 ' 11 4 88 48 58 78 74 48 98 88 32 52 12 . 1.600 75 .34,700 49 . 8,200 89 800 38 . 4.600 33 . 6,000 53 . . 200 12 900 . .7 . 4,100 72 ZUU 39 1.500 7 ' 100 92 900 137 185 135 400 15 15 35 A.IIU l - 79 400 39 38 1,600 34 33 1,800 71 . 70 71 39 6 92 188 29 13 84 18 59 75 22 22 62 19 40 83 63 105 36 82 123 88 39 81 99 98 2 6 26 11 5 88 48 58 79 74 48 98 38 32 52 12 7 71 39 6 92 500 3 3 59 79 38 33 70 93 3 Oil ....... . j- ' . ..... l.iw , o . Pac Gas & Elec. 14, 500 91 Punta Alegre... 7,600 49 Pacific Oil 4.200 58 - mi Aiuu x-efc... 0,100 eo ao a Penna Pao Gas ...... Pare Marquette, Pure Oil Phillips Pete... Pierce Arrow., Pierce Oil Pitts" Coal .... Pitts & W Va. . . Penn Seaboard. Pr Steel Car Pullman Ray Cons Reading , Remington . Replogle Steel., Republic I & S. . do pfd Ren Motors Koy Dutch Oil. .22,100 60 bteel Bp-.,. 600 J24 J23 123 I 0 Ky J09 109 109 Sears Roe .. 9nn ana, oniu. 1 . , . k Shatt Ariz g 7J Shell T & T.... 200 40 40 40 I ""nn-V V57'000 35 33 "5 s,d hf 1.0M 188 189 187 Sou Pacific 6.800 'shvl 'nkii or. " ?y 1,61)0 07 20 20 lCfl 4200 116 115 115 St L & S F... . 500 30 30 30 Stromberg CarD.. 200 57 56 50 twil l i 13.600 132 130 330 Swift & Co.... 110 109 109 1 aian ii 0.4U0 48 Texas Pac 200 32 Texas Pac C & O 2.700 27 Tob Products. ... 6.000 66 Tran Contl Oil.. 2,000 14 1,800 154 153 15.1 '.11 as'A any 3s 200 87 80 80 800 6 6 -IKI 1.1.1 10.1 31IU 7S 76 00 35 35 84 Sheep Comprise Idtrger Part or Day's Receipts and Move at Former Quotations. The livestock market waa moderately active yesterday with a run of 10 loads. There were no new developments dur ing the day and prices were steady and unchanged In all lines. Receipts were 45 cattle, 267 hogs and 1084 sheep. The day's sales were as wiiow. Weight price 626 4.50 650 4.00 2 steers. 2 steers 1 steer. 1 steer. 1 steer.. 800 2 steers. 1025 2 steers. 9 steers. 988 1 steer. . 10OO 5.O0! 3 steers. 820 O.uo 2 steers. 83u 2 steers. 7 steers. 1 cow. . 1200 8.50 2 cows.. 884 1 cow. 1 cow. 2 cows.. 1205 2 cows. 1 cow. . lcow... 870 lcow... 890 2 heifers 875 3 heifers 620 3.00 2 heifers 645 4.O0 1 heifer. 470 1 heifer. 600 1 heifer. 690 4.75 1 heifer. 830 6.00 1 calf.,. 170 10.00 130 8.00 1300 8 1410 3.50 1220 1180 4.0OI 140 lO.OOj 700 4.50 4.76 6.50 5.00 875 5.00 818 6.00 4.73 720 2.00 910 2.50 3.00 1075 2.501 890 2.75 2.25 4 hogs . . 450 3.001 5 hogs.. Weight Price 20 hogs.. 140 10.50 2-hogs 2 hogs.. 2 hogs. . 6.6OI 18 lambs. 5.50 12 lambs. 5a lamDS. 1 lamb. . 20 lambs. 205 lambs 18 lambs. 7 ewes. . 4 ewes . . 6 ewes . . 23 ewes. . 22 ewes. . 1 ewe. . . 2 ewes. . 26 ewes . . 3.25 2 ewes 4.w 4.00 4.25 48 31 26 65 34 39 4 31 2 60 34 20 Union Oil Del. Union Pacific... United Allov United Drug United Food Pd. United Fruit Union Bag & Pa. U S Cast I PiDe. United Refl StslO.OOO 86 U S Ind Aleohol Sio as U S Rub 4,500 65 64 do 1st pfd 2,400 99 97 U S Rmeltimr 100 4 AH US Steel ...15,800 105 305' 305 Utah CoDDer .... 2.0Tin r.Aai rgs q Va Chem 27 Vanadium Steel. 2,400 52 51 Vlvandou 16.500 14 fai Wabash 2,000 12 124 do A pfd 2,200 34 33 do B tifd Wells Frgo .... 100 79 '79 Western Pae ... 300 39 3 8 do nfd. 4no tun. Kill Western Union.. 2,300 116 316 316 Westmghse A B 100 102 302 301 OO E A M 2.400 64 li RltK RU ". nu, ,. 4, QUO 111 White Motors Willys-Overland.. 700 7 do ufd HOO 4li, Wilson Packing. 7,200 50 Wisconsin centrl ion Wool worth 400 194 w ortning- fump W & L E 500 14t4 15a. White Oil 8,000 S 8 White Eagle Oil. 0,000 S2 29 Orpheum ....... 100 23 23 70 85 64 64 89 4: 6; 51 33 33 22 79 38 64 15 "7 48 48 192' " 35 7 44 411 11 l'.l.'t 42 14 8 31 23 Ex-dividend. ' Liberty Bond Quotations. Liberty bond and' victory note niiofA- tions furnished by the Overbeck & Conke company of Portland: Cloeing Open. Hirh T,ow. Ftlrl Liberty 3s... 301.24 101.26 101.08 101.16 no jsi -is. 100.80 do 2d 4s. . ... . 100.36 do 1st 4s.. 300.60 100.70 100.60 100.62 do 2d 4s. .100.20 300.24 300.18 100 13 do 3d 4s.. 100.34 300.44 300.82 100.86 do 4th 4lis..l00.62 3 00.70 1IH1H1 inn so Vic'y 4 s call.. 100.80 300.34 100.30 10o!32 uo iuvs.iuu.iu luu.ld loo.TO 100.74 Mining Stocks at Boston. Minting stock quotations at Boston fur nished by the Overbeek Cooke com pany of Portland: Arizona Co-ram Adventure iiouez Arcadian Cal & Arizona ....... Calumet & Hecla New Corn Cein'tennial Copper Kange ...... East Butte rankl-ln Minlnjr Hancock Helvetia. Istamd Creek do Did Keweenaw err Lake Lake Copper ......... La Salle tchigan ass Con ohawk .May Old Colony Mason Val-lcy , . . ortn Butte ipiKsing orth Lake Old Dominion Cop.... Osceola Mining OJibway , Pond Creek .... Isle Royal South Lake . . . up Boston Bid. Ask. 8 . . 50 100 .. 24 25 ..2 15-16 3 ..61 61 . 295 nlted Shoe Machine 41 ... 18 38 ..w 9 10 ...40 41 ...10 30 1 a .-. 2 2 ... 1 1 ...109 110 ...96 98 ... 2 2 ... 3 4 ... 3 4 ... 1 1 2 , 3 ... 2 8 . . . 60 62 ... 3 4 . . . 1 2 .' ... 11 12 ... 6 6 ...30 50 ...23, 24 ... 36 37 - 2V4 2 ... 20 - 22 44 45 .1 1-16 1 42 27 "6A' I 43 48 3 28 3 1 11 80 75 90 Foreign Exchange. Foreign exchange rates at the closo of business yesterday, furnished by North western National bank of Portland. The amounit quoted Is 'the equivalent of the loreign unit in united states tunds: Rate. ..J .000020 . . .072200 . . .007000 . . .034000 , . .213000 . . 4.445000 .. .022200 . . .076300 . . .000725 . . .025000 . . .38S0OO lcalf 1 bull... 1 bull... 1 bull. . . 1 bull... 2 hog9. . 1 hog. .. 19 hogs. . 24 hogs. . 20 hogs. . 21 hogs. . 16 hogs. . 20 hogs. . 36 hogs. . 46 hogs. . 12 hogs. . 1 hog . . . 4 hogs. . 30 hogs... 18 hogs.. 20 hogs. . 11 hogs.. 1 hog. .. 19 hogs. 22 hogs.. U hog . . . 6 hogs. . 17 hogs. . 3 nogs. 8 hogs. 250 9.00 225 9.60 235 9.50 243 9.50 215 8.50 243 9.30 248 9.50 217 10.25 195 10.00 255 9 50 300 8.0O1 810 7.00 245 8.60 262 9.50 .245 8.50 255 8.60 130 COO 192 9.75 232 9.50 250 9.50 245 9.50 245 9.501 163 10.25 136 10. 107 10.25 195 10.60 205 10.60 810 6.K0 170 10. 0 84 10.30 111 10.00 58 8.00 70 6.00 70 7.50 84 10.50 87 10.3O 127 6.00 157 4.50 108 2.00 133 4.75 131 4.50 80 3.00 1(5 B.f'rt 128 6.00 100 6. CO 130 8.00 102 8.0O 115 8.00 2 yearl. . 8 yearl. . 11 yearl... 2 yearl. . 1 wether. 7 wethers 131 7.00 1 wether. 170 7.00 IOO 8.001 on V -.A ' 4 mixed 11 mixed. 74 mixed . 263 mixed 245 mixed 55 mixed . 253 mixed 76 mixed. 15 hogs. . 4 hogs. . . 9 hogs. . . 23 hogs. . 13 hogs. . 1 hog . . . 1 hog. . . 6 hogs. . 30 hogs. . o hogs. . 3 lambs. 8 lambs. S4 lambs. 3 ewes. . 16 ewes. . 11 ewes. .. 1 yearl.. 5 year! . 1 yearL. 1 yearl.. 180 4.00 85 6.00 82 7.50 94 7.50 94 7 5 95 7.30 93 7.50 66 7.50 220 1025 270 10.00 122 30.00 208 10.25 290 9.50 220 10.25 280 7.23 368 10.00 166 10.00 336 7.00 100 10.00 8" 7.50 73 10.5O 103 6.00, 138 4.75 ' 140 4.25 90 8.O0 132 7.00 70 5.O0 90 8.00 3 wethers 133 7.00 1 buck. . 190 8.00 1 buck. . 250 3.03 f 7.50 8.23 6.75(9 7.50 6.75W 6 4.00 6.75 6.00Q 5.50 8.50 4.50 3.00 8.50 2.O0 8.00 1.60 2.00 3.00 4.IK) 5.O0 6.50 7.00 8,00 6.00 7.O0 4.00 e.uo Prices auoted yesterday at the Port land union atocKyaraa were as loiiows: cattle Choice steers Medium to good steers .... Fair to medium steers .... Common o fair steers .... Choice cows and heifers.... Med. to good cows, heifers Fair, medium cows heifs. Common cows fanners ................... Bulls Choice feeders Fair to good feeders .'. 4.00 5.00 Choice dairy calves 8.50 8.00 Prime light calves H.0O4P 8.50 Medium to light calves. . Heavy calves Common heavy calves . Hogs Prime light 10 0010.50 Smooth, heavy, 200300 lbs, 9.00 B.54) Smooth heavy. 300 lbs. up .. 8.00 9.00 Rough heavy 6 00 8.00 Fat pigs 9.7510.O0 Feeder pigs 0.7510.O0 stags, subject to docKage... 0.00 t.w 6heeD- Eaat-of-mountaln lambs,... 10.00 11.00 cnoice valley lambs 8. 50 10.00 Medium valley lambs . 8.00 9.00 Common valley lambs .... . 6.00 8 00 Cull lambs 5.00O 6.00 Light yearlings ,. 8.00 8.60 Heavy yearlings 7.00 8.00 Light wethers , ; 6.00 7.00 Heavy wethers 5 00 6.00 Ewes 2.00 5.00 Chicago Livestock Market. CHICAGO, Sept. 15. (U. S. Depart ment of Agriculture.) Cattle Receipts, 4500 head; market active, generally steady to strong on all classes: fat native beef steers comparatively scarce; quality arid flesh condition rather plain; top matured beef steers, ill. 35; bulk, I9.olo.o; bulk bologna bulls around 84.75; bulk veal calves, $13. 25 13.50; bulk canners and cutters, J2.903.63. Hogs Reoelpts, 17,000 head; market slow, unevenly, 1525c higher; bulk 180 to 230 pound averages, $9.809.95; top, 10.0O; bulk, 230 250 pound butchers, )9.509.75; good and choice 275 300 pound butchers, $9.009.35; pack ing sows mostly $7.258.O0; pigs around $8.759.25; heavy, 8.5O9.60; medium. 9.3Olo.t)0: light, ?9. 70 10.00; light lights, $9.259.75; packing sows, smooth, t7.258.00; packing sows, rough, 17.00 7.50; killing pigs, S.259.25. Sheep-Receipts, 75O0 head; fat lambs. 10 to 15 cents higher; top natives, $14.00 to city butchers; best fed westerns. $13.95; five ears Idahoa, $14.00 with 50 per cent sort; feeder ends bid. $13.50: paid late Thursday for 63-pound feeders; sneep scarce and unchanged; choice Washington early breeding ewes, $11.25. San Francisco livestock Market. SAN FRANCISCO. Sept. 15. (Quota tions furnished by. federal-state livestock market news service, based on Drices 01- cars at san irancisco. ) cattle, beef steers, good grade, $7.507.75; medium grade, $7.007.50; common grade, $6.00 .va; Deer cows, good grade. $5.75 6.00; medium grade, $5.25 5. 60; com mon grade, $4.00 5.00: canners and cutters, $2.OO3.50; bologna bulls, $2.50 HCM.UU; calves, J50 to 200 pounds, good and cholee, $8.509.00; 200 to 250 pounds. good and oholee, $7.BO8.50; 250 to 300 pounds, good and choice. $u.5O7.50: over 300 pounds, $5.506.50. .Hogs, good and choice, grain fed Callfornlas, 350 to 200 pounds, $11.50 32.00; 200 to 250 pounds, 310011.5O: 250 to 3C0 pounds, $10.0011.00; over 300 pounds, $9.0010OO; smooth sows, 2SO to 300 pounds, $7.608.OO; rough sows. zoo to pounds. 7-C'O: over 3O0 pounds, $3.606.OO. sneep and lambs, full woo led. Iambs. good and choloe grades, $11.60 12.00; medium grade, $11.0011.50; ewes, me dium and goed. $5.00 6.00: wethers. medium and good. $7.008.50; yearling wemers, meaium ana good, none offered. A building permit every ll1 minutes! A significant figure in determining your property values, or in making plans for the future IN arriving at property values or deciding upon a course of action to follow with respect to any holding, building permit statistics are of vital ' importance to owners. They are one of the bar ometers of business conditions. From January 1 to September 1 of this year, 10,241 permits were issued in Portland one every 11 minutes during each business day of eight hours. Thoughtful property owners will analyze the effect which the condition indicated by these figures has upon their property andVents. They will decide whether a permit every llVfc minutes is evidence of over-building. They will decide whether it is time to sell or hold, a time to build or to wait. Are you trying to solve these questions alone? Or do you have the counsel and guidance of experts in such matters? Our training and experience is at your disposal. We welcome the opportunity to make an ap pointment to discuss your property problems with you. Strong s & MacNaughton CORBETT BUILDING r? PORTLAND, OREGON M Investment and Property Man agers for Estates and Individuals do pfd South Utah . Ufllumne . . . taH Metals . tan. con . . . S MinLng . ... U7K . . . 5 ... 60 ... 1A ... 2 do pfd 4 8 tah Apex 2 4i Ventura . . : . ..,... 284 Victoria 14 Winona 1 Wolverine 10 Wyandot 50 Shannon 75 Country. Foreign, unit. Austria, kronen Beltrium. francs Bulgaria, leva Czech o-SIovakla, kronen Denmark, kroner England, pound sterling- Kin'lami, finmaxk France, francs Germany, marks Greece, drachmas HoHand, guilders Hungary, kronen ....... ...... Italy, lire Jugo-Slavla, kronen Norway, kroner Portugal, escudos Rou mania, lei Serbia, dlimra Spam, pesetas Sweden, kroner Switzerland, francs ... China-Honkonpr, local currency Shancrh&i. taels Japtui, yen Kansas City Livestock Market. KANSAS CITY. Mo.. Sent. 15. (U. S. Department of Agriculture.) Cattle Receipts, 5400 head; all classes steady; top steers, $10. BO; grassers, J5.407.46; most cows, $3.504.50; few around $5.25; nothing choirs offered; grass heifers, $5.50 6.65; canners and cutters mostly $2.25'3.3fl; odd vealers, $10.50 11.00. Hogs Receipts, 2000 head; 10 15c higher; mostly 10c higher; packer top, $9.5; shipp tops. $0.30; one load to traders, $9.40; bulk salea, $8.859.30; 17-0 240 pounds. $9.15(g9.30; y303OO pounds, $8.909.20; lights mostlylO 15c lower; a, few loads $8.9O9.0O; pack ing sows ssieady to 10c lower, $7.25'$ 7.50; few at $7.60; stock pigs mostly steady, $8.759.10. Sheep Receipts, 4000 head; killing classes ' stromar; sorted native lambs, $13.50; fed clipped lambs, $12.50; light ewes, $6.73; Texas wethers, $7.50; west ern lambs arriving late held higher. Omaha Uvestock Market. OJIAHA, Sept. 15. (U. S. Department of Agriculture. ) Hogs Receipts, 6500 head; market active, mostly 10c higher; 1 bulk packing grades, $7.23S7.75; bulk I 200300 pound butchers, $S.50(S9.25; top, 9.35. Cattle Receipts, 1700 head; beef steers, she-slock and other killing q tmo fronAru 1 1 v at f a rf v ' tnn rtnwm-ta. o2"00 1 yearlin!rs' '10-5: Blockers and Isadora, auil ana uncnansea. Sheep Receipts, 53O0 head; market active; fat lambs fully 25c higher; bulk westerns, $13.50 13.75; top, J14.00; clipped lambs, $13.0013.15; sheep steady; light ewes up to 16.00; feeders firm. .042200 .004400 J6H500 .058.100 .006700 .017000 .152300 .256000 .188200 .575000 .775000 .4U00O0 NEW YORK. Sept 15. Foreign ex change, steady. Ure&t Britain, demand M.42H. cables $4.42: 60 day bills on banks, 4.40)4. France. dmejtd 7.58, ca bles 7.58 H ; Italy, demand 4.20. cables 4.20; Belgium, demand 7.16, cables 7.17: German, demand .0811-16, cables 0tt: Holland, demand 38.69. cables 38.74; Norway, demand 16.S0; Sweden, demand 26.37; Denmark, demand 21.20; Switzerland, aeanand 18.72; Spain, de mand 15.14; Greece, demand 2.50; Po land, demand. .014; Czecho-Slovakla- demand! 328; Argentine, demand 85.63; Brazil, demand 12.82; Montreal, demand 98 15-1. Pasco livestock Market. PASCO UNION STOCKYARDS, Sept. 14. The cattle section was without fresh arrivals. She-stuff seems to be in good demand to Yakima valley feeders. There was a fair supply of feeder hogs which met ready sale to farmers at steady prices. The sheep section reports the most activity with prices a , Quarter higher to eastern shippers. ' Buyers are asking for more feeder lambs and young breeding ewes. Cattle Prime steers, $6.757; medium to choice, $5.756; fair to medium, $5 S.50; best cows and heifers, $44.50. Hogs Prime, light hogs, 99.50; smooth heavies, (89; rough heavies, 78: feeder pigs, 9.5010. - Sheep Prime lambs, 010; good, to choice lambs, $89; prime yearlings. Sti. 75(2)7: feeder Jambs. 19&J10; breeding ewes, yearlings to threes, fll13 per head. Seattle Livestock Market. SEATTLE. SeDt. 15. Hogs and cattle steady; no receipts; prices unchanged. SAN FBANCISCO PBOUCCE MARKET Prices Current on Vegetables, ITesn Fruits, Etc., at Bay City. SAN FRANCISCO, Sept. 15. (State Division of Markets.) Poultry Fryers, ?ra.12e: broilers. 28(B35c: young roost ers, S4lffooc; oia, ita'.iou; uviu, ivvf S2c: ducks. 1820c: live turkeys, aia 47c; dressed. nominal; hares, 1518o pound; squabs, S303.5O dozen; jackrab bits, $2&2.50 dozen. Fruit Bartlett pears, 12 box; ap pies, 8-tler to 4-tier. 90c2; canta loupes, 7Bo$l 25 standard crate; oranges. Valenclas, (60111 box; lemons, $6.oOto9 box; nectarines, laJ--o crate; grape fruit. S7.60HH9 crate: strawberries, 45fl 50c drawer; raspberries. 5055c drawer; hiuiMcherrlea. 15IU25o drawer: loganber ries, nominal: huckleberries, 20c pound; o.vncadoes. iiwl dozen: figs. ?ac((Pl.J0 double-layer box; peaches, 00c $1.25 crate: plums, 75c(S'$1.2o crate; grapes, K5i-.iftSl.50 crate: Persian melons, 75ca 1.25 crate; new green apples, 75c$1.25 lug box; watermelons, lo and less a pound. Vegetables Beans, 5i7e pound; car rots, 7dcgv,i; celery, cram; cu cumbers, 407P lug; eggplant, 60t)5 lug; lettuce, 51.50(612 crate; green corn, lo15c dozer.; beets, fl1.25 sack; on ions. Stockt'.n red, I1.25(B'1.40 cwt.; do, yellow, tl.2i1.35 cwt.; do green, nom inal; peas, nominal; oeu pepptm, outgi Tlln liiB-r notatoes. Jl. 25401. 50 cwt new. lAlB2c pound: sweet, 2tt3. pound; rhubarb, tl.501.75 box; summer souash. 60W800 lug; spmacu, ow rxiimri: tomatoes. 50c lug; turnips, ioc fl sack; parsley, 30c dozen clinches; radiHhcs. 80c dozen bunches. Receipts Flour, 3000 quarter sacks; whuf K44n centals: barley. 69.246 cen. f is: corn. 800 centals: potatoes, 4086 sacks; onions, 900 sacks; hay, 160 tons; hides, 8000; livestock, 375 head. UfDCSTKY BEGINNING TO SPEED CP. Settling of Coal Strike Has Beneficial Effect on Business NEW YORK, Sept. 15. Bradstreet's tomorrow will say: The better feeling viKihla In trade and industry as a re sult of the coal strike settlement has been increased by further improvement In the railroad traffic situation, while rain and oooler weather in large crop areas have given an impetus to, fall buying, which is, however, concededly late. It is probable, too, that the apparent ap proach of the end of nearly two years of tariff agitation has been beneficial, whatever the immediate result as to duties may be. There is, of course, a great deal of Ir regularity still visible In various lines, but the big salient feature, that Ameri can Industry Is not to be longer starved in the matter of fuel supply, has un doubtedly made for a speeding up of industry, which slowed so dangerously in some lines In August. Wholesale and Jobbing trade has been better in many cities; retail trade has also measurably improved; Industry, par ticularly in Iron and steel and New Eng land cotton manufacturing, has gone ahead with more confidence; demand from strike-ridden regions has again Begun to manifest life, and collections are a ttViariA hntter. . Weekly bank olearlngs were $6,578,- 690,000. Money, Silver, Etc. NEW YORK, Sept. 15. CaTl money, easier; high, 4 hi i low, 4M; ruling rate. 4; closing bid, 4: offered at 6: last loan, 4 li ; call loans against accept, a-nee, 4. Time loans', firm; mixed collateral 60 90 days, 4. hi hi; six months, 4H4. Prime commercial paper, 4444. Foreign bar silver, 69c. .Mexican dollars, 62 c LONDON, Sept 15. Bar sliver, 85 Hi per ounce. Money, 1 per cent. Dis count rates: Three months, 2 per cent. ' Swift tt Co. Stocks. Closing; prices of Swift & Co. stocks at Chicago were reported by the Overbeck & Cooke company of Portland as follows: Swift & Co 1094 Swift International 1'4 Libby, McNeil & Llbby 2U, do new 7 National Leather, new ............ 751 Cotton Seed Oil Market. (By Chi'-afo Tribune Leased Wire.) NEW YORK, Sept. 15. Cottoa seed, oil closed: September, $8.408.42; October, 7.988.05; November. 7.B0S?T.83: De cember. S7.fl9W7.77; January, $7.77W7.7M; February, 17.897.9S; March, $7.966P 7.97; April, S7.958.08. MODERATE DECLINE IX COTTON New Tork Market Closes 14 to IT Points Net Lower. By Chicago Tribune Leased Wire.) NEW YORK. Sept. 15. The cotton market went lower today, but the de cline was moderate. An accumulation of tlon of the raw materials market, seem inevitable. The Commercial Bulletin tomorrow will publish wool quotations ss fnilows: Oregon eastern No. 1 staple, $1.2.4rl '.'A; fine and fine medium cnmltlng. II I 20; eastern clothing, tl.u5,l 12; valley No. 1, tl.lOl.lA. QUOTATIONS OJf DAIRY PBOnrCTn Current Market Ruling on Butler, Cheese and I g. SAN FRANCISCO. Kept. 1.1 l!nlld over-nlght selling orders caused ths New Sta'es Bureau of Agricultural Eoonom- ics. I jiuuer r.xrras. inc; prime Orleans market to break 15 to IT points at the opening, but the local market was 1 to 9 points lower at the start. Pur chases by the trade. Wall street and commission houses sustained the ltat while selling came from the south. New Orleans wire houses, Japanese brokers and locals. There was little activity In the later session, a disposition being shown to await the next ginning report. At the close the market was only point or so u-p from the day's low. and down 14 to 17 points net. Spot quiet, 15 points decline, 2.60o for middling upland. Southern markets: Oalventen, 20.D0e, 15 points decline; New Orleans, 21 o, un changed; Savannah, 21.13c, 12 points de cline: Augusta, 21.13c. 18 points decline Memphis, 21.T5c, unchanged; Houston, 20.85c, 19 point decline; Little Rock, 21c, unchanged. NEW YORK, 8pt- 16. Cutton futures opened steady; October, 21.43c; Decern her, 21.75c; January, 31. 81c; March, 21Sc: May, 21.58c. Futures closed barely steady; October, 21.83c: December, 21.60o: January, 21.50c; March. 21.57c; May, 21.50c. FIRMER WOOL MARKET AT BOSTON Higher Friers On Goods In Near Future Seem Inevitable. BOSTON, Sept.- 15. The Commercial Bulletin tomorrow will say: The market is brisker and prices are firmer In the wool market, manufacturers showing a marked Interest In wool as compared with previous weeks. The settlement of the strike throughout the country and the imminence of the passage of the tariff bill, with the wool tariff prac tically discounted, have stabilized sen timent In the market to a very notice able extent. Higher prices on goods in the Tr-nr future, in view of th fondl- firsts, 43Hc; firsts, 41a. Eggs Extras. 4Hc; extra firsts. 4te; extra pullets, BHe; undersized pull'ts. No 1. 2.1c. Cheese California flat fancy, 2o: Cal ifornia Young America fani-y. 2ic. NEW YORK, Sept. 15 nutter, firm; creamery hlsh-r than extras, 4U'tf41e; creamery extras l2 soore). 40o; creern ery firsts, 33V, 3'Jc. K, irregular; refrigerators, firsts. 2S ' 21ic. Cheese, firm. CHICAGO, Sept. 15. Butter, firm; oresmery extras, 3'4o; firsts, 31V,ill-; extra firsts, 84H'uJ7c; seconds, -".iv,0 8iV: standards, s.", c. Ergs, unchanged; reoelpts, 6713 rases. SEATTLE, Sept. 15. Butter and egis, unchanged. Coffee Futnrrs Rally. NEW YORK, Kept. 15. Reports nf a steadier tone in llraztl led to sharp rallies In the coffee futures market dur ing today's trading. The market clo.ed at net advances of 6 to IS points, Hsies were estimated at about 24 ooo has. September, 9 40o; October. 0 4.1c; Derem ber, 9.49a; January. 9. 52a; Mar-h. May and July, O.Mtn. Hpot coffee wiip un changed at 10 14 for Rio 7a and Is Is 15 i4 for Santos 4s, Chicago Potato Market. CHICAGO, Sept. 15. Potatoes, strong on whites, steady on early nhfoa; re ceipt", 88 cars; total United Snt-a ship ment, 7.10 cars; Wisconsin sacked and bulk, round white Antlgo section. 81 Do Wi cwt.; other actions, lI.50'il.Mri.; Minnesota and Dakota sacked and bulk. early Ohlos, sl.l.VfA 1.2.1 cwt.; Minneeot rr1xe1 r"1 BTi'1 wh't- varlctu..; ,1 rr, cwt. SWIFT AND COMPANY 5 10-year Sinking Fund Gold Notes Dated Oct. 16, 1922 Due Oct 15, 1932 Callable at Premiums These note) "will bo tho direct obllsratlon of fcwlft nnd Companr. Annual net earnings) available for Interest and after provMlns; for Federal and" foreign taxes for the five years ending; N'ovenibor 6. 1921, averaeed more than six times ths total Interest chargta on the entire funded debt of the Company, Including; this issue. The financial gtatement of the Company an of November 5, 1921, and after srivlnar effect to this financing-, shows net tanarlble assets of over $300,000,000 applicable to the total funded debt of 7e,923,500, Including- this Issue. Furthermore, since November 6, 1921, a substantial reduction has been tnade tn liabilities. Subject to prior sale, we offer the unsold portion of Our parti cipation in this Issue at 97 and interest, jielding about 5.40' CLARK, KENDALL & CO., INC. Temporary Location: 295 Stark St., Portland, Oregon Telephone Broadway 6213