.-
. ' ' ' 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