2L
THE MORNING OREGONIAN, TUESDAY, SEPTEMBER 10, 1923
REIGN BONDS LOWER
Gulf S Steel. .
Houston Oil
Hupp Motor.
. . 6.300 !" 83 78 80
.. 8.800 80 78 "4 60
300 22 21 21
. . 400.113 112 112
WHEAT PRICES SPINE
CHICAGO MARKET HAS BULiGE
OF SIX CENTS.
ills (Jentrai
Inspiration ..... 1.100 41
Int Agr Cor com. 100 0
do Dfd
40
40
ITTRKISH -SITUATION CAUSES
000 . 1 1
HW 4 4
00O 110 110
PIUCES TO GIVE WAY.
21X. 14 Vs 14
(Speculative KailroaiJ and Indus
trial Issues Also Weaken ;
Liberties Are Irregnlar.
NEW YORK. Sept. 18. The uneasi-
Inesa of the near east situation was re-
I fleeted in today's bond market, special
losses being: registered by foreign secur
ities, speculative railroad mortgages and
few industrial issues. Liberty issues
I moved with an irregular trend, varia
tions ranging from 2 to 12 points, either
way.
In the foreign list recessions or l to
1114 points topic place in FreWh TAm,
Belgium 78 and 8s, Mexican 4s, Jap
anese '4s. United Kingdom 54s of 11)21
I and 1931. Soissons 6s, Seine 7s, Czecho-
Slovakian 8s and Prague 7 ',4 3. Cuba
railroad 5s sold off 2 points.
Second-grade liens suffered most in
I the railroad list, losses of 2 points and
over taking place in Seaboard Consoli
dated 6s, St. Paul convertible 4V4s and
Baltimore & Ohio convertible 4 Via, while
St. Paul refunding 4M8, Frisco adjustment-
6s. income 6s and .-prior lien 4s,
Seaboard refunding 4a, New Haven 6s
and Chicago Great Western 4s dropped
back 1 to points. Norfolk & West
ern convertible 6s fell 4 points.
southern .Hell xeiepnone os, vvuson
convertible 6s, American Water Works
6s and B. R. T. certificate 7s led the
reaction in the industrials and publie
utility divisions. Total sales, par value,
were tl2.B04.000.
New offerings today exceeded $10,000,-
000. The principal ones were an issue
of . $3,150,000 5 per cent equipment trust
certificates of the New York, Chicago &
St. Louis railroad, which were disposed
of privately on a 5 per cent basis; $2,-
660.000 of Seaboard Air Line 0k per
cent equipment trusts; $2,600,000 of Lin
coin Joint stock land bank bonds, or
fered at 101, to yield between 4.00 and
6 per cent; $1,000,000 issue of the lanl
bank of the state of New York and city
of Fort Worth. Tex- 5 per cent bonds.
Bear traders, taking, advantage of the
market's top-heavy condition and of
critical situation in the near east,
had induced heavy selling in
Paris and London exchanges, launonea
successful attack on stock prices in
ie local market, the declines of active
fftrnien raneinar from 1 to 6 points. The
veiling weakened- speculative accounts of
outside interests, but wa cnecKeo to
ward the close by short, covering oper-
Lftnnt.
Railroad shares proved much steadier
than the industrials, the declines In that
group ranging from 1 to 3 points. Cen
tral Railroad of New Jersey, however,
dropped nearly 14 points on a turnover
of only 300 shares, no special reason be
ing apparent for sueh a violent setback.
- There were a few exceptions to the
general downward trend, Loew's, Inc..
Improving fractionally on reports that
tho company had wiped out its bank
loans and that its theaters are now on
a. paying basis, and Texas-Gulf Sulphur
being pushed up to a n,ew high on un
confirmed reports ol an eariy resump
tion of dividends. Oil shares were active
in response to reports that Standard Oil
company of Louisiana had acquired an
interest in that company, and some im
provement was noted in -Sinclair shares.
Selling of Studebaker, which was down
2, and some of the motor accessory
shares was influenced by the announce
ment of a drastic cut in motor car prices
by the Willys-Overland company and the
closing of the Ford plants.
United States Steel -common sold off
1 "i4 noints. while losses of 1 to nearly
4 points took place in Bethlehem A,
Republic and Gulf States steels.
Lackawanna improved fractionally on
announcement that its shareholders had
approved the merger with the Bethle
hem Steel company. Losses of 4 points
and over took place In American Car &
Foundry, American Water Works 7 per
cent preferred, Kresge, Railway Steel
Spring, Twin City Rapid Transit and a.
few others.
Total sales were 1,286,000 shares.
Call money opened at 4 per cent, but
fell U 3 la the third hour, where it
held until closing. The time money and
commercial paper markets were quiet,
with no change in rates.
Foreign exchanges were noticeably
weak at the opening but they stiffened
considerably later. Demand sterling was
off about a cent from Saturday's price,
and the decline in continental rates
ranged from 2 to 11 points. German
marks were firmer In response to cable
dispatches, indicating that satisfactory
arrangements had been made for fur
nishing security for the German treas
ury bills given Belgium.
CLOSING STOCK QUOTATIONS.
Furnished by the Overbeok Cooke
f T
company x i
7. .100 5il
5.900 17,
5S
.. 5,400
'121,466
,. 1.200
1,000
1.400
16
10
24 T
'is
4."
3Vi
S3.
1TA
56 Vi
"is"
24
42
:
37
1
4
110
1
59
174
57 It
93
16
18
24
68
44 M
43
Interboro ....
do pfd ' . . .
Int Harv ....
Int Mer Mar
do pfd . , , ,
Int Nickel ...
Int Paper-
do pd .-. . ,
Invincible Oil
Inland Oil
Jewel Tea
K C Southern.,
do pfd
Kayser J ...... 2,800
KeMy-Spgfld 1,100
Kenneoott 4,200 3Vi 35, 35
Keystone Tire .. 700 SVi 8 8
Lack Steel 7,!00 S3i 80 81
Lee Tire 26
Lehigh Valley .. 1,500 69 67 68
Lorillard 173
Loew Theaters .83,9K 28 21 22
L & N 30O. 130-54 136 136
Lima Loco 1.70O 62 V4 60 V 61
Marland Oil 3.O0O 40 39 40
Maxwell Mtr A.. 100 58 57 67
do B 1,500 19 18 18
May Stores 300 135 132 132
Mex Pet 20,200 190 186 183
Mex Seaboard ... 9,700 20 19 20
Miami S0O 20 29 29
Mid States Oil... 2,900 13 13 13
jviiuvaie steel .. e.eoo
M K & T 1,000
Mack Truck 3,500
Mont Power 200
Mont Ward U0O
Mo Pac 2,700
do pfd 800
M St P & S S M. 100
Nat Enamel 2.800
Nat Lead 1,900 104
Nevada Con 800 15
iew xiaven t.iwu
Norfolk & W.
Nor American
T.9U0
33
18
57
74
22
22
60
71
60
103 104
16 16
31 31
8,900 121 118 120
8,300 96 93 94
34
18
58
74
.22
22
60
71
S1
33
18
57
73
22
.
60
71
69
88
600
8,200
400
MOO
0(
300
400
400
3,900
1.WI0
',900
100
84
90
2
22
26
11
5
88
57
80
75
48
0
07
37
44
51
12
86
82
97
2
87
37
82
87
2
22
25 V6
Al
11
4.
85
55
78
73
48
6
95
36
44
60
12
Nor pac
Nova Scotia Steel
N Y Air Brake..
N Y Central . . : .
Okla Prod ref . . .
Grpneum
Ontario & W . . .
Otis Btieel
Pacific Dev
Pac Gas & Elec. 5.500
Pacific Oil 33,300
Pan Am Pet . ...ll.uoo
do B 2,700
Penna 11,300
Peon Sea Steel.. 2,200
Peo Gas
Pere Marquette
Philadel Co ...
Phillips Pete . .
Pierce Arrow" .
pierce Oil ...... 3.100
Pitts Coal 2,600
Pitts & West Va 1.00O
Pressed Steel. Cr 20O
Punta Alegre ...1.800
fu timan
Pure OH
Ray Cons 1.700
Reading 6.40O
Remington 60
Replogio Steel .. 1,200
Republic I & 8.. 8,600
do pfd lOO
Rep Motors ,.
Royal Dutch Oil 9,800 68 56 67
Ry Steel Spg ... 1,000 118 116 118
taxen Motors .. 200 8 S 8
gears Roebuck ,. 3,000 80 88 89
Shat & Ariz .... 100 8 8 8
A Ot A .... 1
Sinclair . ., 30,900
Slcss Shef 400
Sou Pacific 7,500
Sou Ry 7.500
stana oil car..
do mo
Excited Buying as Result of Re
ports of Great War Moves
on Part of England.
70
38
91
47.
T.70O 134 131 138
4.20O 33 81 31
69
37
90
T
4
86
66
78
74
48
6
95
37
44
50
11
6
70
37
69
47
15
7B
38
8S
69
92
15
78
37
32
68
83
15
78
87
32
69
2
89
341
50
94
2
63
13,600 114 110 112
nii Jlo 116
. ,2600 185 1S3 184
108 107 108
2,ow s 9 29
39
33
49
93
25
62
89
33
48
93
25
62
Sales. High.
.-1.500 77
400
1,200
300
4,000
39
is""
i
84
57
45
42
61V
100 108
Adams Exp ..
Advance Rum.
do pfd .....
Agr Chem ....
tlo pta .....
Ajax Rubber ... 100
Alaska Gold .... 1,500
Alaska Juneau... 3.300
Allied Chem. ... 5,700
Allis-Chalmers .. 2,400
do pfd .
Am Beet Sugar
Am Bosch
Am Can Co. .. .
do Dfd
Am Car & Fdy. . 1.300 187
do pfd
Am Cot Oil 1,200 29
Am Drug Cynd
Am Hide & L. .
do pfd
Am Ice
Am Intl Corp..
Am Linseed ...
do pfd
Am Loco
do pfd
Am Saf Razor.
Am Ship & Com. 4,200 20
. t. ...... tru mii
do pfd 'l00 104
Am Steel Fdy .. 8,400 44
Am Sugar 1,300 sz
Low.
76
39
"i4
1
82
56
45
41
50
108
184 "
"28
600
300
13
71
13
71
Bid.
77
19
55
39
68
14
1
84
67
84
45
41
60
108
185
121
28
6
13
'0
3,200 114 111 113
1,800 36
3,500 39
600 69
4,100 123
300
7
34
a
69
121
"7
20
62
104
42
81
35
37
69
122
118
7
20
62
10B
43
81
do pfd 110
3,700 43 41 41
7.900 123 123 123
.. 2,600 161 158 161
a, 100 la loo 's 10 H
2,800 99 06 97
400 108 IDS 108
50) 32 82 32
2,200 19. 18 19
Anaconda, 9.700 54 53 53
Assd Oil 300 116 115 115
Atchison 6.800 106 104 105
do pfd 000 93 92 91
Atl Coast Line... 1,300 120 119 119
Atl G & W I 400 31 ii 31 31
Baldwin Loco. . .48,300 3 30
Am Sumatra
Am Tel & Tel..
Am Tobacco .
do "B"
Am Wool
do pfd
Am W P pfd..
Am z,lnc
do pfd. . . .
100 no
Bait & Ohio.;.. 9,200 57
332 134
110 110
Barns Corp "A". 0,000 42
do B
Beth Steel "B".
Booth Fish
B 11 T
Butte C & Z...
Butte & Sup. . . .
Burns Bros "A"
do "B"
Caddo Oil
Calif Packing .
Calif Pet '. 4.100
do pfd
Calla Z & L. ... 3,400 9
Canadian Pac... 7,100 147
Cen Leather ... 2,700 40
Cerro ce Jfasco. . z, cjtr
Chandler Motor. 5,700
Chi & N W. .
55
39
78
25
7
32
200 134 Vi 134
1.40O 48 46
11
85
64
6,500
100
2,500
700
7,800
1.000
1,(500
76
9
24
0.
30
10
82
. 62
9
56
39
27
77
9
25
T
30
133
46
3 0
83
62
96
do N. J. '
ao k y. . .
St L ft g P
htromberg Garb. 700 54 51 52
wtuaenaKer . 44.600 129U lLfiix 197ii
Swift & CO... 109 109 109
Tenn Cop & Ch.. 300 10U ioia O'i
lesaa v-ll ZJ.JO 48
tsxua jrac ..... 1,400 . Al
Tex Pac C & O.. l.oon "i:i
Too Products. . ..11,200 65
Tran Contl Oil . . 4,900 34
Union Bar & Pa 20O 7 .
Union Oil Del... 2,000 20
Union Pac 5.600 152U
unnea Alloy .... zoo 38
United Drug 200 79
United Food Prd 1,000 7
United Fruit ... 900 152
United Rds N J 700 1 4
do pfd 400 38
TJd Retail Stores 5,700 84
U S C I Pipe 5.800 34
U S. Ind Alcohol 4,800 64
U S Rub .... 8,800 64
do 1st pfd 400 98
u S Smelting.... 100 42
46
30
25
.1
13
19
150
38
79
7
150 151
47
30
25
63
14
75
19
150
38
79
7
14
38
82
34
62
52
97
.42
U S Steel 10,000 104 103
do pfd. 10O 122 122
Ufaah Copper.
va unem
do pfd
Vanadium Steel.
vivanaou
2.400
5o
400
5,000
3,900
6S
65
61
13
32
67
26
48
12
12
32
14
38
82
34
63-'
53
07
42
303
121
67
2
40
13
32
32
21
79
IS .
63
11.-.
102
A3
15
31
50
8
Wabash 1 700
do A pfd 8,200 33$
do B pfd
Wells Fargo . . . 2O0 79 70
Western Pac... 200 1S 3 8
do pfd S0O 64 64
Western Union.. 800 115 115
Westinghse A B .....
do E & M..,.. 5,000 63 62
West Md 2,200 15 14
White Kagle OH 3,400 32 31
White Motors. .i 1,000 51 50
White Oil 1,200 8 8
wmys-v.veriana. d.doo 7 7 7
do pfd 800 44 43 43
Wilson Packing. 1,800 48 47 47
Wisconsin Cent 31
.Woolworth 191
Worthing Pump. 000 42 41 42
W & L E 1.600 13 13 13
Liberty Bond Quotations.
Liberty bond and victory note quota
tions furnished by the Overbeck & Cooke
company of Portland: Closing
Open. High. Low. Bid.
Liberty 3s .101.16 101.34 101.16 101. SO
do- 2d 4s ... , 300.12
do 2d 4s -. 300 72
do 1st 4s-. 100.60 100.66 100.52 100 50
do 2d 4s.. 100.14 300.16 100.06 100 08
do 3d 4s..l0O 28 100.36 100.24 100.28
do 4th 4s. 100.54 100.56 10O.44 100.46
Vic 4s call.. 100.32 300.32 100.30 100.30
do 1023 100.76 106.76 100.70 100.72
Swift Co. Stocks.
Closing prices of Swift & Co. stocks at
Chicago were reported by the Overbeck
& Cooke company of Portland as follows:
Swift & Co ....108
Swift International 23
Libby. McNeil & Llbby, new ,tt. ... 7
National Leather, new 7
Coffoe Futures Lower.
NEW YORK, Sept. 18. There was fur
ther liquidation in tho market for coffee
futures today. The close was within a
point or two of the lowest, showing net
losses of 8 to 11 points. Sales were esti
mated at 21,000 bags. September. 9.27e:
October, ?:32e; December, 9:42c; Janu
ary, u.dc; Marco, May and July, 9.47c.
Spot coffee, steady; Rio 7s. 10c; Santos
4a. 15815c.
CHICAGO, Sept. 18. Soaring prices
and big buying In the wheat market to
day accompanied word of great war
moves on the part of Great Britain. The
value of wheat rose nearly 6 cents a
bushel, but' heavy selling to realize pro
fits led to a material Setback before the
day ended. Closing quotations were un
settled at a net gain of 3 to 4 cents,
with., December $1.05 $1.05 and
May $1.09 $1.10. Corn finished
to cents up, and oats up
cents. In provisions, the outcome varied
from 2 cents decline to a rise of 5 cents.
Excitement in the wheat pit was a bit
slow to become manifest, opening prices
showing an upward tendency, but hardly
more than a routine difference, from
Saturday's figures. Before half an hour
had elapsed, however, hundreds of trad
ers were wildly bidding and the advance
of prices was bordering on the sensa
tional. Reports that the entire British
Atlantic fleet was on the way to Con
stantinople and that arms factories in
Great Britain would work night and day
at full capacity, stirred up wave after
wave of buying orders for wheat, and
although the market swung backwards
at times, the top figures of the day were
but little discounted until the final hour
of the board of trde session was at
hand.
One of tho foremost speculatrs in
wheat was said to have changed his
position from the selling to the buying
side as a result of the warlike develop
ments In progress. The fact that for the
first time in the last few days, the" Win
nipeg and Liverpool markets .were ra
pidly advancing tended further to accel
erate the swiftness of the upturn and
so did assertions that purchasing of
wheat for shipment to Europe, Canadian
wheat in particular, had reached a large
total.
Late denials which were current that
the British Atlantic fleet would go to the
Mediterranean and that Kuropeon buy-,
ing bad greatly expanded, were more or
less effective in easing the market after
mid-day. Announcement of a small in
crease of the United States visible supply
was also of some moment In rendering
the market less one-sided during trans
actions at tho last. r
Corn and oats showed' sympathy with
the wheat advances, but only to a lim
ited extent. The chief reason of the
relative slowness was the shipping de
mand for corn was less brisk than of
late and that receipts ol corn here were
heavy. v
Provisions were governed by the action
of the hog market.
The Chicago grain letter received ' yes
terday by the Overbeck & Cooke com
pany of Portland follows.
Wheat A broad buying movement
led by houses presumed to be acting for
leading snorts caused more activity than
has been seen for many months. The
buying apparently was based on the
foreign news, although behind it all
was the fact that for some time the
market has been working, into a strong
position. In face of the general cry
about a car shortage, receipts at primary
markets have been running above last
year's and abeve a five-year average.
At the same time accumulations at pri
mary points have been unimportant.
That the cash position is strong Is evi
denced by the fact that September is
selling at about the same price as De
cember, which normally. should be at a
carrying charge premium. This advance
today is very apt to change the entire
complexion of the market by encourag
ing holding of cash grain off the mar
ket and stimulating foreign buying
which has been withheld for many
months awaiting evidence that . the
downward- tendency of prices had cul
minated. Corn Trade in this market was rela
tively small and the advance disap
pointing considering the gain In wheat.
It was rot because of any bearish news,
but - simply that the market was ne
glected with wheat occupying the at
tention of the trade. Receipts of 725
cars met a . good demand at a firm
basis. The statement of hog supplies
giving the number of hogs on farm as of
September 1, at 60.500,000 against 55,
916,000 did net receive as much atten
tion as it should. With a smaller com
crop indicated and more livestock to
feed, the present level of corn prices
looks very low.
Oats Followed the general trend of
corn, reflecting the advance on selling by
longs, aside from which there was little
pressure. Cash prices were 10 to 11
higher with the trading basis firm. Ship
ping sales reported 550,000 bushels,
mostly to domestic, consumers. Tho mar
ket has a strong foundation".
Rye Ruled strong with little pres
sure in evidence and some improvement
in outside buying, together with a de
mand from the Beaboard presumably re
flecting export sales. Cash rye was
relatively steady. The visible supply
showed a small decrease in face of lib
eral receipts last week.
Leading futures ranged aa follows:
WHEAT.
Hieh.
$ 17 $
LOT
1.11
CORN.
.63
.58
.61
OATS.
.38
.36
.38
LARD.
10.57
9.15
SHORT RIBS.
" " ; fj ": ' STATEMENT . ' . '
; , ; ' of the Condition of the
Northwestern National
Bank of Portland
. At the Close of Business, September 15th, 1922.
v- "
" RESOURCES '
Loans and Discounts. .,.$12,924,132.29
Federal Reserve Stock
Other Bonds and Securities......
Furniture and Fixtures. ... v
Customers' Liabilities under Letters, of
v Credit, Acceptances and Bills of Ex-
change ,. ..
United States Bonds and Certificates ....
Cash on Hand and Due from Other Banks.
72,000.00
1,181,629.81
57,831.47
212,379.20
1,535,196.48 '
4,728,937.67
$20,712,106.92
LIABILITIES
Capital Stock Paid In. $ 2,000,000.00
Surplus and Undivided Profits. 478,874.57
Circulation 50,000.00
Commercial Paper Rediscounted 160,000.00
Federal Reserve Bank Secured by Govern
ment Securities- 800,000.00
Foreign and Domestic Bills of Exchange . , 6,228.35
Commercial Letters of Credit 40,201.25
Acceptances Executed for Customers 164,949.60
Deposits ....... ... 17,011,853.15
' $20,712,106.92
Open.
Sept... $ 1.02
j.o- -a
-1.03
Dec. .
May.
Sept.
Dee. ,
May.
Sept.
Dec. .
May.
Oct..
Jan. .
.62
.57
.61
.87
-.35
.38
Low.
1.02
3.02
1.06
.62
.57
.60
.37
.35
.38
10.42
9.05
Close.
1.05
1.05
1.09
.62
.57
,61v
.38
10.42
9.05
Sept. , .
Oct..
9.92
9,90
10.00 9.90
Gash prices were as follows:
Wheat No. 2 red, $L11; No. 2 hard,
$1.07 1.00.
Corn No. 2 mixed, 6464c; No. 2
yellow. 64F5c.
144 145
2.800
Chi G W 1.900
do Pfd
Chill Cop
China
5, M St P .
do pfd ....
Coco Cola ...
c & o
Colo F & I . .
Colo Southern
Col Gas & Eiec
Columbia Graph.
Cpn Gas ...
Cons Cigars
Cons Textile .
Contl Can
Corn Prod
do pfd
Cosden Oil ....
C R I & P
do "A" pfd . .
dp.;B' pfd .
Crucie ......
do pfd
Cuba Cano ....
do pfd
Cuban Am Sug
Davison Chem
Dei & 'Hudson
Del A Lack ..
Dome Mines. . . .
Eiec Stor . Bat.
fndicott John
rie
do 1st pfd .
Famous Play. .
Fed M & a ...
do pfd ......
3?Msk Tiro
Gen Cigars ....
' Gen Elec .....
Gen Motor ....
do 6
40
62
03
6
15
23
30
33
51
09.
75
85
50
00
1,000
700
5.200
6,000
12,800
3,300
4,700
200
8.300 112
500 3
..17.60O 141
60O 37
.. 8.00O 10
.. 1,000 86
. .16.200 316
000 118
..45,206 51
. .20,800 47
700 103
700 92
..11,700
41
39
61
92
6
14
23
29
32
60
65
73
33
49
109
S
41
39
02
92
6
14
23
. 29
33
60
67
74
84
49
170
3
inn' xnv
85 36
10 . 30
86 85
114 115
117 138
92
700
800
1.900
3,100
14
3fi
25
400 3 8S
500 134
4,100 3S
10,700
, . .200
, 2.500
2,000
10,400
. 700
400
300
30, 400
500
6.700
50
87
16
25
99
59
14
80
'14
84
65
14
"34
'si
41
95 81
49
45
103
92
87
'ii"
85
25
50
136
138
37
49
86
15
24
96
'58
14
80
'ii"
84
63
14
84
'31'"
40
93
81
49
46
102
92
89
84
14
35
25
50
136
183
37
49
86
16
,25
97
IS
59
13
80
178
14
84
64
14
84
58
31
40
94
31
Statement of Condition of
jflll Hi
V, LAPP TOBW,
BANK
Ladd & Tilton
Bank
at the Close of Business,
Sept. 15, 1921.
RESOURCES
Loans and Discounts , . . '. . .$15,782,427 .68
Stock of Federal Reserve Bank. 60,000.00
Bonds and Stocks 2,558,455.12
U. S. Bonds and Treasury Certificates.. . 1,495,533.39
Customers' Liability on Letters of Credit 873,984.93
' Customers' Liability on Account Accept- .."
ances - 301,820.73
Customers' Liability on Foreign Bills Sold 317,875.06
Bonds, and Cash Securing Temporary
Receipts ..' . 435,871.80
Real Estate, Claims and Judgnents . . .- 265,439.00
Cash and Due from 'Federal Reserve Bank
and other Banks... 5,508,049.51'
Other Assets 58,421.21
Total, $27,657,878.43
LIABILITIES
Capital Stock Fully Paid........ $ 1,000,000.00
Surplus and Undivided Profits 1,867,996.21
Reserve for Interest, Taxes, etc 165,117.53
Letters of Credit 874,484.93.
Acceptances ....t.... 301,820.73
Foreign Bills Sold 317,875.06
Temporary Receipts for Bonds Sold. , . 435,871.80
Unearned Discounts , 56,570.10
Deposits 22,638,142.07
Total...
,.$27,657,878.43
Oats No. 2 white, 4040c; No. 8
white. 38 89c.
Rye 7Gig'76c.
Barley 576oC.
Timothy seed $4.50 5.25.
Clover seed $1317. .
Pork-7 Nominal, ..
Lard $10.47.
Ribs $9. TO 1 0. 75.
' Grain Pit Kotes.
Action of the wheat market today in
advancing T9o from the recent low
point was taken as fully demonstrating"
the recently expressed belief of traders
that the entire world had become en
tirely too bearish as to the ultimate
price. The war scare, wnicn is still not
taken very seriously abroad, has served
to call attention to the fact tnat prac
tically all of the depressing Influences
are known, and to some extent have
lost their influence. Technically te
market was regarded as in a weaker
position at the close with, loeal snorts
well covered. .
It was the gossip of the wheat trade
that the most effective selling on the
bulge was by houses that were the best
buyers around $1 and- under for De
cember on last -week's break.
Winnipeg. October wheat acted very
tight at one time today. It reflected
the persistent buying on scale orders on
the recent decline.
Closirig of spreads between wheat and
corn, the latter being sold, was said by
corn traders to have been the main fac
tor in preventing a Bharp advance in
that grain.
Germany has still to import 51,000,000
bushels of wheat and rye for domestic
requirements, according to a cable from
Alfred Dennis of the United 8tates de
partment Of commerce.
Minneapolis Grata -Market.
Reported by the McCaull-Dlnsmore
Grain company of Portland.
Wheat No. 1 dark northern, food to
fancy to arrive, $1.13 ifi 1.29 ; fancy
No. 1 dark northern. $1.31 n 1.37: No. 1
dark northern, $1.11 1.18 ; to arrive,
$1.12; No. 1 northern, $1.07 1.16 ;
to arrive, $1.08; fancy No. 2 dark
northern, $1.16 1.26 ; No. 2 dark
northern, $1.05L14; No. 2 north
ern, $1.03 1.11 ; fancy No. 3 dark
northern, $1.11 61.21 ; No. 3 dark
northern, $1.01 1.11 ; No. 3 north
ern, 98c$1.08; No. 1 dark hard
Mont., good to fancy, to arrive, $1.10
1.14; No. 1 dark hard Mont., $1.10 w
1.14; to arrive, $1.09; No. 1 hard
Mont., $1.02 1.09 ; to arrive. $1.02
Wl.08; No. 1 dark hard Minn, end
South Dakota, $1.10 1.11 : to arrive.
$1.09 1.10 ; No. 1 hard Minn, and
South Dakota, 99c$1.01 ; to arrive,
98c$1.00; fancy No. 1 Amber
Durum, $1.01 1.05 : to arrive, 87c;
No. 1 Amber Durum, 9398c; to ar
rive, 90c; No. 1 Durum, 8592c;
to arrive, 83c; fancy No. 2 Amber
Durum, 99. c(ft $1.03 ; No. 2 Amber
Durum. 9096c; No. 2 Durum, 82
80 e.
Corn No. 2 yellow. 68 0 59 c : to
arrive. 68c: No. 3 yellow, 68&58c;
to arrice, 67 c.
Oats No. a white. 3335c; No. 3
white, 8234c; to arrive, 32e.
Barley Choice fancy,. 53&56c; me
dium to good, 49(52c; lower, 444Sc.
Rye No. 2, 0869c; to arrive,
67o.
Flax No. 1, $2.35; to arrive. $2.33.
Wheat futures Sept., $1.06 ; De
cember, $1.06; May, $1.10.
Cash Grain Markets.
Furnished by Jordan-Wentworth A Co.,
Portland:
ST. LOUIS, Sept. 18. Wheat No. 2
red, $1.161.17; No. 3 red, $1.1121.13. 1
Oats No. 2 white. 40&40c.
KANSAS CITY, Sept- 18. Wheat No.
8 red. $1.10; No. 2 dark hard, $1.12
1.14. - -
Corn -No. 2 mixed.: 59e; No. 3 yellow,
62 c; No. 2 white. 59c.
Oats No. 4 white. 37 e. ,
OMAHA, Sept. 18. Wheat No. 1
hard. $11.06; No. 2 hard, 93c 1.05.
Corn No. 2 white. 5655o; No. 2
yellow, 66c; No. 2 mixed. 55 c.
Oats No. 2 white, 8737c.
DULUTH, Sept. 18. Flax $2.352.36.
. Grain at Ban Francisco.
SAN FRANCISCO, Sept. 18. Wheat
Milling, $1.801.S5; ffftd, $1.751.80.
Barley Feed, $1.15
shipping.
1.20
$1.25 1.35.
Oats Red feed, $1.60 1.85.
Corn White Egyptian, nominal.
Hay Wheat. $151T; fair, $1315;
tame oat. $14016; wild oat. $1012;
alfalfa, $1316; stock, $911; straw,
$911.
Seattle Grain Market. .
SEATTLE, Sept. 17. Wheat Hard
white, $1.10; soft white, western white,
$LO0; hard red winter, soft red winter,
northern spring, $1.08; western red,
$1.05; big bend bluestem. $1.18.
Citv delivery Hay Timothy, $25; D.
C- $2T; mixed, $28; alfalfa, $21; D C,
$27; straw, $15; barley, whole, $36;
p-round and rolled. $38; clipped. $4 n ;
Condensed Report of the Condition of
The First National Bank
AND
Security Savings and Trust Company
At theTClose of Business September 15, 1922
, . The First Security
RESOURCES National Sarin gs and Trust Combined
Bank Company
Loans and Discounts. .$18,851,488.72
U. S. Bonds 7,209,050.00
Other Bonds, etc. ... . . 1,715,630.06
Stock in Federal Re
serve Bank . . , . 105,000.00
Bank Premises and
other Real Estate. . .
Customers' Liability un
der Letters of Credit
and Acceptances 587,377.63
Due from U. S. Treas'r , 58,750.00
Cash on Hand and in
Banks 7,074,012,76
$2,422,066.22 $2L273,55494
711,489.48 7,920,539.48
479,632.21
910,000.00 133,312.50
35,770.00
525,796.5-1
2,195,262.27
105,000.00
1,043,312.50
623,147.G3
58,750.00
7,509,809.30
Total $36,511,309.17 $4,308,066.95 $40,819,376.12
The First Security
LIABILITIES National Savings and Trust Combined
Bank Company
Capital Stock $ 2,500,000.00 $ 250,000.00 $ 2,750,000.00
Surplus and Undivided
Profits. 1,373,904.52 572,928.05 1,946,832.57
K Circulation. .' 896,815.00 896,815.00
Letters of Credit and
. Acceptances 621,471.34 35,770.00 657,241.3-1
Deposits 31,119,118.31 3,449,368.90 34,568,487.21
Total . $36,511,309.17 $4,308,066.95 $40,819,376.12
The Stock of this Bank is owned by the Stockholders of The
First National Bank of Portland, Oregon.
chick starter. $58; chop, all
corn, 36; corn, cracked and ,'f
"! '., "' "LO- scratch food. $44;
tov bean. $59; wheat, $44, Puget
Sound. $42.
Car Lot Grain Keeelpts.
CHICAGO, Sept. 18. Car lots, Minne
apolisWheat 807. corn 36, oats 11)9, rye
70 barley 78. Omaha wheat 126. corn
75, oats 44. Winnipeg Wheat 1210. oats
16. Duluth-s-Wheat 4381, corn 1.. oats
10 rye 190, barley. 32. Kansas City
Wheat 469, corn 28, oats 24. St. Louis
Wheat 112, corn 64. oats 40.
Winnipeg Wneat Market.
WINNIPEG, Sept. 18. Cash wheat
No. 1 northern, $1.01 No. 3, 7c; No.
4 81V4e: No. 5. 804c; feed, 66c. tu
turee Oct., '$1.K1V; Dec,, 7V4c; May.
$1.02,.
Chicago Oil Market.
CHICAGO. Sept. 18. Gasoline Tank
wagons, 21c; service stations, 2o; ma
chine. 27.9c. . ,
Oils Summer, 11. 4o; winter, 11. 1)c.
Carbon Perfection Iron barrels. llc.
Linseed oil Raw. - I to 4 barrels de
livery. $1.02; boiled. $1.04. .. ,
Turpentine $1.53.
PfnMtr"fl a'rohol 40c.
Condensed Report of
United States v -
National Banlo
StoitH and Stark-,
Portland, Oregon
Submitted to the Comptroller of the Currency at the Close
jof Business September 15, 1922
RESOURCES .
Loans and Discounts .$15,198,888.41
New York Call Loans....: -. 1,250,000.00
United States Bonds and Certificates.... 5,176,200.00
Other Bonds and Securities 4,071,129.80
Stock in Federal Reserve Bank 75,000.00
Bank Premises and Other Real Estate. 990,705.10
Safe Deposit Vaults ; 95,179.65
Customers' Liability under Letters of Credit and Acceptances None
Interest Earned and Other Miscellaneous Items 90,366.52
Cash on Hand and Due from Banks. 9,257,814.70
Total. , ",. '. . .$36,205,284.18
LIABILITIES
Capital ... $ 1,500,000.00
Surplus and Undivided Profits '. 1,846,222.46
Circulation 985,000.00
Letters of Credit and Acceptances. 6,500.00
Deposits 31,887,561.72
-
Total ,. $36,205,284.18
'One of the Northwests
Great Banks"
1 iTKJrti
m
-111 II II R
-.fcj&-,ie--ii
mi..$ i .t' r-is ' i
A Conservative Custodian
Hibernia Commercial
and Savings Bank
of Portland, Oregon
Member Federal Reserve System
.'Statement at Close of Business Sept. 15, 1922
RESOURCES
Loans and Discounts $.!,240,5O3.70
Bonds and Warrants:
City of PoiUan4 $ 51,232.50
U. S. Bonds and Treasury Certs.... 761,925.54
Other Bonds and Warrants 230,849.08 $1,044,027.12
Stock Federal Reserve Bank 9,000.00
Stocks and Securities 56,8')9.67
Real Estate 122.094.58
Furniture and Fixtures 16,679.19
Cash on Hand and Due from Banks. 1,227,945.29
Total.. i. $3,717,103.55
LIABILITIES
Capital Stock $ 200,000.00
Surplus and Undivided Profits l;t,5f4.28 ,
Reserve for Interest, Taxes, Etc 3fi,784.17
Deposits 5,313,701.10
- Total $5,717,109.53
Condensed Report of
The Citizens Bank
Portland, Oresroa
At the close, of business. Sept. Ij. 1922.
RESOURCES
Loans and discounts $1.24.1 3.20
Federal Reserve Bank stock f.lnd.00
Banlt promise and fixtures $3.61
'othr real estate 4.11S 20
LT. a, Portland and etate bonda ....m.S75.!5
Caeh and due from banka 664.8U.82 1.402.O3.1T
$2,Go0.13L64
LIABILITIES
Capital paid in , 210.000 00
Surplus and profits 37.00J.7
Reserve s.. - 6.109
Dividends unpaid 4.66J 00
Deposits 2.2o.7S1.2a
2.i0O.631.C
BROADWAY BANK
' Statement September 13, 1922
RESOURCES
Loans $ 401,947.56
Bonds ' 414,631.49
Furniture and Fixtures ......' 21,973.32
Cash and Due from Banks 222.923.90
Total....
Capital .'
Profits
Reserved for Taxes.
. Deposits
Total
LIABILITIES
$1,0)I.479.27
$ 100,000.00
9,(;r.l.45
1 .48.43
s.'iO.rm.ns
$1,061. 479.27
Gen Asphalt ...
Glidden Paint . .
Goodrich T & R
Glen Alden ......
Gran by
Gr North Ore .
do pfd
Green Cananea ,
200
700
"366
2,500
5,900
10O
1