is
THE 3IORMXG OREGOXIAX, THURSDAY, - SEPTEMBER 21, 1922
HOP Giles Mil
1
UW PRICES OFFERED
Several Large Lots Sold at
8 to 10 Cents.
HARVEST PROGRESSING
Oregons Will Come Into Compe
tition With Cheap Machine
( Picked Sacramentos.
Oregon hop growers are showing a dis
position to sell now, regardless of the
low price. Two large Independence lots,
aggregating 1)00 bales, have just been
soid. The terms were private, but it is
believed the price did not exceed 10
cents. These were among the largest
rrops in the state. Other lots amount
ing to between 200 and 300 bales were
sold at 8 to 9 cents. Two more lots of
Xuggles changed hands at 10 cents.
Growers are watching the situation
closely and like the dealers, are not able
to find any bright spo'i in the out
look, though they are going through with
the harvest as usual. A majority of the
yards "have been picked and by the close
of the week practically all of the crop
will have been gathered. In alt sections
the yields were larger than expected.
It was reported, some time ago that a I
large part of the poorer Sacramento acre- J
age would be left on the vines, but it
was learned yesterday that these yards
have bf-en taken over by a dealer and
the hops will be machine-picked. As
they will be obtained, at 75 cents a bale
and picking costs, It will be possible
for the buyer to offer these Sacramento
hops on the market at a very low price,
a prospect that does not please the other
dealers.
A letter received from London dated.
September 6 said picking had Just
started and that England would grow
sufficient for this year's consumption.
British brewers are well stocked, with
Pacific coast hops in bond of last year's
crop and according to the letter there
will be no prospect of importations for
some time to come.
The war news Is attracting much
interest in the local market. Should the
outcome be as serious as some fear, it
cannot be figured out in any way how
it will help the hop market.
the harvest of early fall pears and
la becoming general. Late apples
getting a good color and late varfe-
peaches are being marketed as
rapidly a possible. The picking of win
' ter apples will begin in Lane county th
week. Prune harvest is well under way
and drying has begun in Douglas an
Lane counties, aaya the Oregon weekly
crop report of the weather bureau.
Spring wheat im mostly cut in Baker
and is being threshed in Malheur county.
Rye harvest is nearlng completion in
south-central localities and the thresh
ing of winter wheat and oats has ad
vanced rapidly in all districts under
favorable conditions. Corn is lookln,
well in the larger producing districts an
bids fair to reach full maturity with the
absence of early frosts; topping of this
staple has begun In Douglas county.
The second cutting of alfalfa Is com
pleted in Baker and Is well along in
Klamath county. Pastures and ranges-
again are suffering for moisture, except
in the mountains or where under lrriga
tion. Livestock is doing as well as could
be expected under the adverse conditions.
Cantaloupes, melons, tomatoes, cucum
bers and other truck crops continue plen
mm in tne markets. where water was
not available these crops were mostly
immature, underslze and not up to the
average. Potatoes are disappointing in
some districts and doing well in others
there are few being dug, owing to little
demand and poor transportation. Hop
picking is drawing to a close.
Bank Clearings.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearlnar. Balances.
Portland $5, 460.297 1, 070. 155
Seattle 5,411.129 1,34-4,687
Spokane 2,203,78:5 3,032.141
Tacoma, transactions 3,109.000
PORTLAND MARKET QUOTATIONS.
Grain, Flour, Feed, Etc,
Merchants' Exchange, noon session:
Bid
Wheat Sent. Oct. Nov.
Bluestem Baart $1,38 $1.18 $1.10
Soft white 1.09
WHEAT BIDS 1 TO X CENTS HIGHER
Prompt Delivery of Western White Alone
Shows Decline.
The stronger eastern markets were re
sponsible for advances of 1 to 2 cents
in local wheat bids at the Merchants
Exchange, except in the case of Sep
tember western white, offers "for which
-were 1 cent lower than Tuesday. Premi
ums recently quoted on export wheat
have failed to bring additional supplies
on the market.
New crop, prices on bakers flour are
m generally in effect now, hard wheat be
ing quoted at $0.50 and bluestem patents
at $6.75.
The Chicago wire to the Gray-Rosen-Daum
Grain company follows:
"Renewed war talk responsible for
higher market. Outside trade increas
ing. Many former bears turning to con
structive side and willing to take hold
on breaks. Setback not impossible but
market in strong position. European
news dominating influence rather than :
pressure spring wheat. Export demand
rather slow, but improvement likely, i
.favor purchases breaks.
t 07
1.07
1 05
1.05
1.00
1.04
l.o:
1.04
.98
31.50 31.50
29.75
$7.20 . per
Western white 1.00
Hard winder 1.06
iNorcnern spring. ..... 1.07
Western red 1.02
Oats "
38-lb naturals
Corn
No. 2 E. Y. shipment. .20.75
FLOUR Family patents.
barrel; whole wheat, $6.20; graham. $6;
bakers' hard wheat, new, $6.50; bakers'
bluestem patents, new, $6.75; valley bak
ers', $5.90.
M1LLFEED Price f. o. b. mill: Mill
run, ton lots, $27; middlings, $39; rolled
barley, $3638; rolled oats, 42; scratch
feed, $44 per ton.
CORN White, $35; cracked, $37 per
ton. .
HAT Buying prices, f. o. b. Portland;
Alfalfa, -$1S18.50 per ton; cheat, $15;
oats and vetch, $20; clover, $18; valley
timothy, $20; eastern Oregon timothy,
$2021.
Butter and Country Produce.
BUTTER Cubes, extras. 4041c lb.;
prints, parchment wrapped, box lots, 46c;
cartons, 47c. Butterfat, 46c delivered
station; buying price. A grade, 43c.
EGGS Buying price: Current receipts.
3234c per dozen; henneries, 3(I37c per
dozen. Jobbing prices: Front street.
candled ranch, 39c ; selects, 42c. As
sociation, selects, 42c; firsts, 40c; pul
lets, 86c.
CHEESE Tillamook triplets, price to
jobbers, f. o. b. Tillamook, 26c; Young
Americas, 27c; Ionghorns. 27c pound.
POULTRY Hens. 1222c lb.; springs,
1822c; ducks, 1522c; geese, nominal;
turkeys, nominal.
VEAL Fancy, 1516c per pound.
PORK Fancy, 14 c per pound.
Fruits and Vegetables.
Local jobbing quotations :
FRUITS Oranges, Valenclas, $5.50
11 per box; lemons, $7.50 10.50; grape
fruit, $9 box; bananas. 8tt9c lb.;
cantaloupes, . $1.50(2.23 per crate,
peaches, . 60 85c per box; watermelons,
l2c per lb.; oasabas, lfu2c lb.;
pears, $1. 752 25; grapes, $3.502.50 per
box, 20 25c basket; prunes, 2 (3 3c lb.;
apples, $l'fr2 per box.
POTATOES Oregon, $1.251.50 sack; ,
sweet potatoes, 44c per pound. i
ONIONS $1.75; California yellow, j
$1.75 sack. I
VEGETABLES Cabbage, 12c I
per pound; lettuce. $2$2.25 per crate;
garlic, 10 20c pound ; green peppers.
58c per pound; tomatoes, 2050c per
crate; cucumbers, 40s0c per box; green
corn, 15 20c dozen ; eggplant, 8 10c
PROSPECT
FOR
1
BOOSTS ALL GRAINS
Market Sensitive to Reports
From Europe. '
DEMAND IS DEVELOPING
Fear of Clash Between British
and Turks Leads to General
, Buying in Chicago.
BY CHARLES 3D. MICHAELS.
(By Chicago Tribune Leased Wire.)
CHICAGO. Sept. 20. drain markets
today were extremely sensitive to reports
regarding- political . developments in Europe.
The fear that there might be a clash
between the British and Turks led to
more general buying. With an Increase
In the general trade, wheat advanced to
within a fraction of the outside fdgure
on Monday's bulge. Corn and oats sold
at a new high on the present, upturn.
Best prices of the day were made to
ward the last, with net gains of 2c
on wheat. I4lc on corn, lttlc
wn oats ana llc on rye.
The advance in wheat prices was per
sistent. At no time was -there any ma
terial pressure. Commission house trade
broadened. Bach cable telling of fresh
developments abroad was followed by
renewed buying that carried prices high
er than before during the day. Many
of the local traders took the bull aide,
Houses with eastern connections were
persistent buyers.
Winnipeg was inclined to drair for a
brief period early, but later led the
advance, closing with net gains of SH
8ic. Kansas City September gained 4c.
Liverpool gained d. Export demand
was reported as quiet, although bide
from abroad were relatively firmer, com
pared with futures.
Corn and oats showed Independent
btrength from the start. At no time
was there more than a fractional re
action from the bulges. The surplus
appeared to have been taken off the
markets on the recent decline.
t oreigners were reported as good buy
ers of December corn early. There were
nqutrles for large Quantities of cash
grain which could not be filled on account
the shipment asked. At the hisrh
point December sold at the best figures
since late in July. Cash premiums were
llrmer, with receipts 393 cars.
Houses with eastern connections were
Tree buyers of December oats, which le
to reports of a large cash business, which
could not be confirmed. Shorts In the
September delivery were good buyers.
Receipts were 1)4 cars, with shipping
saies ZUW.UUU ousnels.
Action of other grains was the dom
natlng influence in rye and an advance
was easily attained. The two north
estern markets received 392 cars.
Oats To. 2 white, 4041V4c; No. 3
white, 3839c.
Rye No. 2, 73 o.
parley, fjaa-w.
Timothy seed J4.25(g5.t5.
Clover seed $13.00 17.00.
Pork Nominal.
Lard $10.47.
Ribs t9.7Sll.00. i
Primary Receipts.
CHICAGO, Sept. 20. Primary receipts
Wheat, 1,924.000 bushels versus 2,123,
000 bushels; corn, 1,572,000 bushels versus
1.473.000 bushels: oats, 861.000 bushels
versus 084,000 bushels.
Shipments Wheat, 1,603,000 bushels
versus 1,669,000 bushels; corn, 690.000
bushels versus 531,000 bushels; oats, 906,
000 bushels versus 313.000 bushels.
Clearances Wheat. 414,000 bushels;
corn, 142,000 bushels; oats. 7,000 bushels;
riour, J8.U0U barrels.
Carlots Minneapolis, wheat 419, corn
la, oats 60, rye 41. barley 23; Omaha,
wheat 104. corn 28, oats 12; Winnipeg,
wheat 1403. oats 36. rye 58. barley 88
Duluth, wheat 812, corn 41, oats 24, rye
3ol, barley 38; Kansas City, wheat 128,
corn 8, oats 14; St. Louis, wheat 53,
corn 53, oats 29.
Deliveries today Wheat 75,000 bushels.
corn sa.ooo bushels, oats 75,000 bushels,
rye 110,000 bushels.
Cash Grain Markets.
Furnished by Jordan-Wentworth fe Co.,
Portland:
ST. LOUIS. Sept. 20. Wheat No 1
red, J1.17: No. 2 red. 1.18: No. 1 hard.
$1.08.
Corn No. 2 mixed. 64c: No. 2 yellow.
63c; No. 2 white, 64H65c.
oats jo. a white, 40 c
OMAHA. Sent. 20. Wheat No. 2 hard.
99ctl.06; No. 8 hard. 98cJl.07.
Corn No. 2 white. 66 57c: No. 2 yel
low, 5758c; No. S mixed, 66c.
Oats No. S white, 87 c. v
DULUTH, Sept. 20. Flax J2.862.87.
KANSAS CITY, Mo., Sept. 20. Wheat
Cash. No. 2 hard. 11.13; No. 2 red,
$1.111.12.
Corn No. 3 white. 5854 c; No. 2 yellow,
61c i
EXPORT BUYING HEM
WAR TALK AGAIN SENDS UP
PRICES AT CHICAGO.
Market Closes Strong at Nearly
Highest Level Reached During
Day Receipts Fall Off.
Wh-.r -.!..,.! ha K.UUu, ou 1" juuuu,
... u.iun i Liverpool beets, 2.25 per sack: turnips, J2.50 pe
t Ss lOd for September and 9s 2dlsack; cauliflower, 75c dosen.
lor December.
Broomhall cabled as follows:
"Russia The correspondent for the
Times says that. the bulk of the export
news from this country Is merely propa
ganda and should not be taken seriously.
New South Wales The acreage to
wheat this year is expected to be in
creased by 170,000 acres.
"Western Australia Good rains have
fallen fairly generally."
Terminal receipts, in cars, were re
ported ' by the Merchants Exchange as
follows:
Wht.Hly.FIr.Crn. Ots.Hy.
spill 1 1 .. 5 10
Portland
"Wednesday .
Tear ago . '. .
f-eason to -date 4814 152 325 213 185 456
1(,!r aSO 9031 92 654 101 336 336
racoma
Tuesday ...... 28 .. 4
Tear ago 77 ' 'jst
Reason, to date 1692 ii 26!) 121
Se tatf 8280 67 313 58
Tuesday
Tear ago
1 . .
1 11
40 126
46 135
23
101
n 18
8
eSr0,i.t0 date JJ88 4 7 SS0 J" 322
.. . . xu.jg a 248 133 361
STORAGE EGGS MOVEMENT ACTIVE
In Fast Week 3130 Cases Are Withdrawn
IoralIy.
Local withdrawals of storage eggs in
the past week were 2130 cases, compared
with 2051 cases the previous week. But
ter withdrawals were 21,213 pounds.'
against 25.698 pounds the week before.
The official figures on storage hold
ings of dairy and poultry products at
Portland and Seattle this week compare
with last week and a year ago as fol
lows:
At Portland
Butter, pounds ...629.546 6.10.707 171. 831
pounds . . . 12.904 113.933 1S9.9S0
S2.494 .14.1124 42.32.8
S6.S70 88.547 48,449
Staple Groceries,
Local Jobbing quotations: .
SUGAR (sack basis) Cane, granulated,
7.15c pound; 5eet, 6.9.ic per pound.
NUTS Walnuts, 153-5c per pound;
Brazil nuts, 17H19c;.- almonds, 17
27c; peanuts, 10llc per pound.
RICE Blue Rose, ,7c per pound; Japan
style, 6.106.25c per pound.
COFFEE Roasted, bulk, In drums, 20
394c per pound.
SALT Granulated, bales. J2.603 65;
half ground, tons. 50s, $17; 100s, J16.
DRIED FRUITS Dates. 14c pound;
figs, tl.902.75 per box; apples, 1213c
per pound: peaches,-16c; prunes, 1416c;
apricots, 2332c.
BEANS Small white, 7c; pink, 6c;
red, 6c; lima, 9c per pound.
HONEY 4.254.75 per case.
: Provisions.
Local jobbing quotations:
HAMS All sizes. 2528c per pound;
skinned, 30c; picnic, 18c; cottage roll,
25c per pound.
BACON Fancy, 3643c; choice, 25
81c; standards, 2224c.
LARD Pure tierces, 158 per pound;
DRY SALT BACKS 20 23c; plates,
18 cents.
Eggs, cases
Poultry, pounds
At Seattle
Butter, pounds .
t'heese, pounds .
'g.gs, cases
Poultry
.852.S10 716.796 237.680
.355,137 3S4.504 213.193
41.4H.I 40.073 27.943
pounds. .219.202 227.964 156.434
BITTER TRADE IN FIRM POSITION
Eggs Three Cents Higher on All Grades.
Poultry in Demand.
The butter market was very firm .in
tone, in view of the strength at San
Francisco, but the trade in, Portland and
Seattle showed no inclination to follow
the advance at this time.
Eggs were 3 cents higher all along
the line. The association advanced its
selling prices to this extent and other
dealers revised their quotations to the
same basis.
Poultry was in good demand, particu
larly heavy hens, and prices were firm.
Country dressed meats were unchanged.
WINTER APPLE HARVEST STARTING
licking Begins 'In Lane County This
Week Prune Drying On.
Bartlett pear picking is practically fin
lshert, except in a few late localities.
P0ULTRYMEN
The price of White Hennery
Eggs is 40
This price Is net to you this
week. I also want live poultry.
Ship or let me quote you.
E. W. ELLIS, PORTLAND
Terminal Ice & Cold Storage Bldg.
Spring Turkeys
40c Per Lb.
Skip Immediately. Check by Return
Mail.
THE SAVINAR CO., INC.
.- 100 Front St., Portland, Or.
Hides, Hops, Etc.
HIDES Salted hides, under 45 pounds,
89c; salted hides, over 45 pounds,
78c; green hides under 45 pounds, 7
Sc; green hides, 40 pounds. 67c;
salted bulls. 07c: green bulls, 5-6r;
salted or green ..calf, under 15 pounds.
1213c; salted - or. green kip, 16 to 30
pounds, 010e; hair slipped hides and
skins, half price; flint dry hides. 11
12c; flint or dry calf, under 7 pounds.
ll12c; dry salted hides. 8c; culls
and damaged, half price; green or salted
horse hides. 23 each: colt skins.
0cJ! each; dry horse, 7rc$1.25 each.
PELTS Dry sheep pelts, long wool
1820c; dry sheep pelts, short wool, 0
10c; dry sheep pelts, pieces, 010c; dry
sheep shearlings, no value; salted pelts,
long wool. each. $1.502: salted pelts,
short wool, each 7ocJl; salt spring
Iamb pelts, each. 75ctl ; salted shear
lings, each, 1020c; salted goats, long
hair, each $12; salted goats, short
hair, each socgrsi: dry goats, long hair,
per pound. 1012c; dry gOats. short hair.
eacn fffiuc; goat snearllngs, each, 10
26 cents.
TALLOW No. 1, 551sc; No. 2, 4
5c per pound: grease, 3U4e per pound.
CASCARA BARK New peel, 6c per
pound; old peal, 7c per pound.
OREGON GRAPE Grape root, 6c per
pouna.
HOPS 1922 crop. 810c per pound.
WOOL Valley wool, fine and half
blood, 30. f.lc: three-eighths blood. 30
82c; quarter blood, 2527c; low quarter
and braid, 2022c; matted. 1618c.
MOHAIR Long staple, 8032c. deliv
ered Portland: short staple, 2527c;
burry, 20 25c per pound.
Oils.
LINSEED OIL Raw. in barrels. 1.10;
6-gallon cans. $1.25; boiled, in barrels,
$1.12; 5-gallon cans. $1.27.
TURPENTINE In drums. $1.50; 5
gallon cans. $1.65.
WHITE LEAD 100-pound kegs, 12 Ho
per pound.
GASOLINE Tank wagons and iron
barrels, 26c; cases, 37c.
Lumber.' ,
The following are direct quotations on
Douglas fir and represent approximately
prevailing f. b. b. mill prices In car lots
and are based on orders that have been
negotiated: Pre
vailing Flooring High. Low. Price.
1x4 No. 2 VG $53.00 $i0.00 $51.00
1X4 ISO. 3 Vli -O.U1J
1x4 No. 2 & B. SG . . 41.00 38.00
1x6 No. 2 & B. SO .. 42.00 41.00
Finish, No. 2 and better
1x8 10-inch 63.00 56.C0
Casing and base 68.00
43:1')
39. Oil
42.00
Celling
Hx4 N. 2 A 1
C3.00
B 40.00
1x4 No. 2 & B 41.00
Drop siding
1x6 No. 2 & B 43.00
1x6 No. 3 . . ." 37.50
Boards and SL No. 1
lxl2-inch 21.00
lxS-10-inch 19.50
Dimension No. 1 S & E
2x4 12-14 20 .10
Planks and small timbers
4x4 12-16 S 4 S 22.50 17.50
3x10-12 12-16 S 4 S . 23.00 19.00.
Timbers 32 feet and under
&x3 SxlO SIS 24.00 22,00
37.00
;i9.00
40 00
35.50
16.00
15.50
:s.;so
38.00
41.00
35.50
19.50
18.50
21.50
CHICAGO. Sept. 20. Increased anxiety
aoout war possibilities gave the whea
market a new whirl upward today.
peclally during the last hour of th
board of trade session. Closing prices
were strong at nearly the topmost level
reacnea, witn December. 11.06 1. 0674
and Hay, $1.111.11K- Corn gained IK
l?c to lc, and oats, lc to lc
in provisions, the outcome was un
changed to 15c higher.
With Liverpool quotations showing an
unexpected upturn and with talk curren
that the peace outlook was worse, the
wheat market began to ascend early, and
then after some hesitancy went kiting
in earnest. Every fresh report indicating
danger or hostilities on a big scale ap
peared to call forth liberal buying orders
for wheat, little heed comparatively d-
ing paid to dispatches pointing to 'likli
hood that the crisis might yet be averted.
Assertions that an exodus from Con
stantinople had started and that British
elevator stocks of wheat were scanty
attracted special attention early as mo
tives to purchase.
In later dealings, wheat buying was
further stimulated In connection with
reports of the militant attitude of the
Turks as to fully achieving their oh
jects both in Europe and Asia. . Mean
while, seaboard points on this side of the
Atlantic advised that a good export de
mand for wheat in nearby positions was
apparent, and that there seemed to be
extensive shortage or wneat reaony avail
able to fill September contracts at Liver
pool. Domestic receipts snowed a rail
ing: off. throughout the southwest in
particular.
Broader demand was evident for corn
and oats. European purchasing of both
cereals was noted.
Provisions averaged nigner in line wun
grain and hogs.
The Chicago grain letter received yes
terday by the Overbeck & Cooke com
pany of Portland louows:
Wheat. Foreign political news again
was the dominant factor in the market
and talk of war being Imminent led to
buying of futures which carried prices
up to within a fraction -of high points
made the day before yesterday when
the news from abroad began to look
serious. Numerous rumors of a more or
lfsa vaeue nature v-ere In circulation,
one of which was to the effect that the
United Kingdom was buying wheat in
this country in a quiet way. Most sea
board advices, however, failed to sub
stantiate this claim. Kansas" City and
Omaha messages reported some sales for
export for shipment via the gulf. Do
mestic news, while of small consequence
compared to forei'gn advices, is not so
brarish as generally expected. Cash mar
kets continue to maintain strength, with
n.illinz demand good and receipts gradu
ally diminishing. The idea that a Bal
kan war would adversely affect our
grain market will very likely prove
erroneous.
Coxn. This market was less erratic
than wheat, but none the less strong by
any means. Prices were higher at the
start and advanced right up to close,
which was at high point of the day.
There was considerable reinstating of
long lines liquidated earlier in the week
with purchases at times difficult to
r'ake due to light offerings. The pres
ent movement to market, which will
soon culminate, has been well taleen
and attention must soon turn to pros
pective supply and "demand conditions,
which can lead to bullish conclusions in
view of the increased livestock popula
tion and reduced crop of corn.
Oats There was an impressive class
of buying early in the day and prices
responded readily to this absorption and
to the influence of strength in other
directions. The 'outside investment de
mand is' the best in many months, at
tracted by the low level of prices and
evidence of an improvement in the ship
ping demand, while growers are show
ing a distinct tendency to hold this grain
off the market.
Rye Advanced with wheat ana on
buying by the seaboard against export
sales. It was said that more business
has been done in Europe tne past week 1
than reported. Rye specialists regard the
discount under wheat as being loo great.
Leading futures ranged aa -'-follows:
WHEAT.
Open.- High. Low. Close.
Sen... S 1.03 $ 1.06 J.0.H4 Z 1.084
Dec... 1.04V, 1.07 1.03-4, . 1.06
May... l.OSVs ! 1.1114 LOTVs 3.11
CORN.
Sept... .63 .85 .63 .84
Dec... .5SVt .59 .581 .69H
May... .0114 .62 .SI .6294
OATS.
Sept... .8814 .89. .8814 .89
Dec 3614 .37 .3614 .S7
May... . .3814 .3914 .3814 SK
LARD.
Minneapolis Grain Market.
Reported by the MeCaull-Dinsmore
Grain company of Portland:
Wheat No. 1 dark northern, good to
fancy, to arrive, $1.141.32; fancy No. 1
dark northern, $1.221.32; No. 1 dark
northern, $1.121.19; to arrive, $1.13;
No. 1 northern. $1.08W1.17; to arrive,
$1.08; fancy No. 2 dark northern. $1.17
1.27; No. 2 dark northern. Sl.Ofl iffl 1 15 :
No. 2 northern, $1.041.12; fancy No. 3
dark northern, $1.12 41.22: No. 3 dark
northern. $1,026 1 11": No .1 northern
99c$1.00; No. 1 dark hard Montana,
good to fancy, to arrive. $1.111.15; No.
1 dark hard Montana. 11.1101.18: to ar
rive, $1.10: 'No. 1 hard Montana, $1.02
1.09; to. arrive, $1.0201.08; No. 1 dark
hard Minnesota and South Dakota, $1.11
x.it; to arrive, $11.11; No. 1 hard
Minnesota and South Dakota. $1102:
to arrive. 9c$1.01; fancy No. 1 amber
durum, $1.0214 ft 1,CA14 ; to arrive, 98i4c
$1.0114; No. 1 amber durum, 94149n!4c;
to arrive. Ollic: No. 1 durum. 86WiS
0314c; to arrive. 8414c; fancy. No. 2
amber durum, $1.00 14 S 1.04 14 : No. 2
amber durum, 91149714c; No. 2 durum,
S314c9014c.
Corn No. 2 yellow, 596014c: to ar
rive. 57c: No. 3 yellow, 585914c;
to arrive, 56 c.
Oats No. 2 white, 84 14 3614c; No. 3
white, 343514c; to arrive, 3314c.
Barley Choice to fancy, 53W.16c; me
dium good, 4952c: lower, 4448c. j
Rye lo. 2, 88H6914c; to arrive.
67 c.
Flax No. 1, $2.82: to arrive, $2.29. '
Wheat Futures, September. $1.06;
December, $1.06; May. $1.10.
Grain at Man Francisco.
SAN FRANCISCO. Sept. 20. Wheat
Milling. $1.801.85; feed, $1.75 J. 80.
Barley Feed, $1.151.20: shiooinK.
$1.25 1.35.
Oats Red feed, $1.60 1.85.
Corn White Egyptian, nominal.
Hay Wheat. $1517; fair, $1315;
tame oat. $1416: wild oat, $1012;
alfalfa, $12013; stock. $9S11: straw.
$9 11.
FlfllCIIL MARKET
107 4
8114
8714
91 V
100
CliSnPFQ MR FAQT,
IUIIUIILU IILJ1K LnUI
i
Foreign Exchange Recovers
in Spite of Crisis.
STOCKS ARE IRREGULAR
Veto of Bonus Measure Reflects
Stability in All Securities of
, Federal Government.
NEW YORK, Sept. 20. Probably the
Judgment of the markets regarding the eo & De M 1st Ss.
Seattle Grain Market.
SEATTLE, Sept. 20. Wheat Hard
white, $1.10: soft white, western white,
northern spring. $1.10: hard red winter.
soft red winter, $1.09; western red, $1.08;
nig tjena Diuestem, 91.20.
Feed and hay unchanged.
Kansas City Hay Market.
KANSAS CITY, Sept. 20. Hay stea'dv
to 50c higher; No. 1 timothy, $14315;
No. 1 prairie, $1111.B0; choice alfalfa.
$20 21; clover mixed, light. $14 15.50.
'Winnipeg Wheat Market.
WINNIPEG. Sept. 20. Cash wheat. No.
1 northern. $1.00; No. 2, $1.00; No.
3, 97c; No. 4, 91c; No. 5, 85c; No.
s, 7Bc; teeo, eec; tracK, $1.00.
futures, October, $1.00- ; December,
7c; May. $1.02 .
Chicago Pit Notes.
About 85 per cent of the Iowa corn
crop is safe from frost and much of the
Illinois end Indiana crop is beyond dam
age as shown by the government weekly
weatner crop report. from soutn
Turkish complication was hert expressed
today bv the recovery n . foreign ex
change rates and by the rise of 1 to 2
points in French government bonds on
the Paris bourse and of a point in the
French 7 per cents at New York. Ster
ling at today's highest sold above any
rate Quoted in the ten past days and
2c above the low rate of last week,
while francs were nearly back to last
week's best figure.
All this no doubt reflects partly ac
tual relief; but it probably measures
much more closely the repurchase of
speculative sales by speculators for the
decline, who had proceeded on the
theory that the financial public would be
frightened and had discovered that it
was not.
Attitude of Hesitancy Seen.
On the stock exchange there was con
siderably more irregularity than the day
before: railway shares moved uncer
tainly and in- the end there were de
clines as well as advances among the in
dustrials. This would seem to mean
that although no great concern was
manifested regarding the "near eastern
war scare." the attitude of hesitancy
which characterized last week's market
was- resumed. Usually when such a
mood prevails, some new development of
a concrete character is necessary to
change it.
The veto of the hypocritical and mis
chievous soldiers" bonus bill hardly pro
vided such a stimulus. It had been
fully expected, and although - the Jubi
lant majority In the house to override
the veto ajso had been recognized as on
the cards, the senate's vote naturally
was awaited to close the episode.
Wall Street Topics.
The news from the near east coverin
operations in the Greco-Turkish theat
of war. which was said to have been re
sponsible' for much of the selling which
appeared in the stock market on .won
day, causing a sharp decline in secu
fty prices on that day, received little a
tention yesterday when prices began to
recover, and today the dispatches were
virtually entirely Ignored
e
If the action on the exchanges may
be taken as a criterion of the interna
tlonal developments abroad, the crisis
in the Turkish affair has been passed
An example of the manner in which
bids for first-class municipal issues nav-
advanced since last October, is pre
sented by the bids on a new block
Illinois state highways 4 per cent bonds,
which were secured by New York bank
era on their bid of 99.69 plus. Tin.
comnares with a successful bid of 98.8'
for the same bond in April and of 94.0:
for the first block sold laat October.
Althousrh the United States Seel cor
poration advanced wages "of unskilled
and other labor on September 1, report
were circulated in the financial district
todav oredlcting thst another increase 1
wages may be expeoted In the nea
future.
The withdrawal of her inquiry for a
$10,000,000 loan, payable in Canadian
funds. bv the province of Ontario, 11
generally construed by bankers here to
mean that nlans for fall financing will
include the offering of approximately
$25,000,000 in new bonds, payable in
United States or Canadian funds. Ca
nadian bankers have urged very strongly
that such provincial financing as can
be done" at home should be taken care of
there, but from present indications tne
conclusion has been reached that It
would be well to throw open the doors
for American Bids, particularly wnen
such a figure as $20,000,000 is men
tloned.
do 7s Jt)30
I Ii O gold 4s 1948
1 do con 4 lis ov 198a
I do ret 5 19l5
Canada Southern fls 1962
Canadian Nat t-q 7s lllS.'t 11114
Canadian Nor 6 lis 1946 114
do 7s 1940 11114
Cent Pae 1st 4s.... 1lUi) 90
J Cues & Ohio cv 41is l:3 Wli
uo gen 4Vis liti u
do con 5 1U31) ltu'i
C B & y div 4a 1949 92
CO W 4s 1959 0314
C M St P 4s 1925 84 S
do cv 4 lis 1932 74"lj
do deb 4s 1934 66I4
do gn 4s A 19x9 79
do cv 5s 2014 76
do g&r 414s A 2914 69
Chgo N W sf 5s 1929 8S4
. do gen 4s ' 1S7 90
do 6s 11)36 111
do 7s 1930 10014
C K 1 & P ref 4 1934 87
Colo Sou rf ex 4 lis 1935 90 14
do 4s IU'9 081
lei Ac HUasOD CV 0s 1935 301
do 7 1930 112
D & R a cv 4s 1936 771
Erie pi 4s 1996 65 14
do con 4 A le.vi 52
do B 19.13 62
do D 1953 54
Krle Pa CG 4s 1051 89
(id Trunk eq 8s J936 108
Gt Nor 4s Jim I4
do 7s 1P3U 118
Gt Trunk 6a 3036 104
do 7s 194U 114
111 Cent Jt 5s... 19H3 9
do ref 4s ii).v. fli
K C Sou ref 5s 1950 93
1923 93
1 & N
J30 108
President Harding's veto of the sol
dier bonus was followed promptly by
Dakota, and in Missouri, practically all strengthening of government securities
in the bond market today, in more ac
tive trading all the Issues advanced. The
tax exempt 8s experienced the great
est gain, moving up nearly of a point
from the previous closing after tnma
heaviness. Three of the 4 per cent
series gained to the extent of 10 cents. .
-
Rails presented a decidedly irregular
front. Some stronr and weak snots were
uncovered. Among the former, Atchi
son adjustment 4s. stamped, were i
point higher at 8.1, as were Illinois Cen
tral 6s at 112. Offsetting declines
of like extent were shown by Iowa Cen
tral refunding 4s. Baltimore & Ohio con
vertible 4s and Seaboard Air Line 6s.
New York Bonds. a
Furnished by Jordan, Wentworth &
Co. of Portland.
Railroads -
Atch gen 4 1095 92
A C L 4s 1952 91
the grain is safe. An absence of rain
was unfavorable for late corn In most
sections south of the Ohio river. Mois
ture is needed in most central states.
the western Great Plains, and the far
northwest with plowing and seeding de
layed in many western and middle west
ern states.
A belief that foreigners may have
overstayed their market in their anxiety
to buy supplies of wheat at lower prices
i.s expressed in some quarters. A Huil,
Ens'., cable to the J. Rosenbaum Grain
company said: "The tendency of our
wheat market is for higher prices owing
to the general conliaence In present
values, stocks in elevators are very
small." .
Oats specialists say that in 'the last
few days there has been heavy selling
r joo lots on May oats wnicn is taken
s representing prorit-laklng by small
country longs. In some instances the
tter have turn"! over to the short sid.
FOUNDED 187 6
TO YIELD
Oct..
Jan. . .
10.35
9.00 .
10.45
9.15
10.35
9.00
10.42
9.10
RIBS.
Cash prices were as folows:
Wheat No. 2, red, $1.10J.I1: No. 2
hard, $1.05 1.07.
Corn No. 2 mixed, 656614c; No. 2
yellow. 65661ac
Van Camp Packing Co.
First Mortgage
8 Bonds
Dated April 1, 1821. Dae April I, 141.
Callable at WTVk and InterCKt.
Denominations flOOO- JJSOO filOO.
SECITUTY
These bonds are secured by a first mortgage on the entire
property of the Company.
SALES AXD EARNINGS
In 1921-22 the Company sold more cases of its products
than ever before in the history of the Van Camp business.
The Company is earning four times the interest charges on
these bonds. ,
BALANCE SHEET
The balance sheet of the Company as of December 31. 1921,
shows current assets of about $5,460,000, current liabilities
of about $2,300,000 and net current assets of about $3,160,000.
Total net assets (exclusive of good will, trade-marks, patents
and other intangibles) amount to $7,753,000. Physical prop
erties of the Company have a present approximate value of
over $7,600,000. The Company has' outstanding $3,000,000
bonds, which constitute its only funded debt.
BUSINESS
The Van Camp business was established in 1861. The
products command a national market, being distributed
through 95 of the wholesale grocers in the United States
under trade names which are household words throughout
the country. The business constitutes an essential industry
in that three-fourths of the total volume is in the primary
necessities of life. With the new lines acquired over fifty
varieties of staple products are made, including soups, poric
and beans, evaporated milk, catsup, spaghetti, chili sauce,'
chocolate, peanut butter, hominy, lard compounds, soaps and
refined salad and cooking oils.
PRICE IOd'j
E-H-ROIUNS
Investment 'Bonds
4n Lewis Building
; Broadway 7670 O
do uni 4s iu4A
M St P & SS M 6iit 194cl
M K & T 4s 1990
M P gen 4s l:7.1
do ref Ss 12I
NYC deb 4s 1934
do con 4s 111(18
do ref Imp 4V4s 2013
ao cv aeD OS lag.'.
ao coil it
N T N H A H cv fls.
N O Tex & Mex Ss .
N P P'L, 4s
do 6s
O 8 L ref 4s
Penna 64s
Tenna gen 4 Ms
uo 4 Sis il)o
do gen Ss lfliia
ao "s 1930
Fenna R R 6Hs .-. . 1R3U
Reading gen 4s 1997
S A L 4s i)so
do 5s null
do 6s A 114.1
Sou Ry con Ss 1094
So Pac cv 4s 1929
do ref 4s lw. "."
do S F term 4s 190
do conv Ss 1934
Sl L. & S F P L 4s A 19r0
do gen 5s 19,'H
do P L, Ss B 19S0
do -en 6s 1931
do adj 6s ,. . .. 195S
do Ino 6s 1(1(10
St L. A S W 1st Ss 19T.2
do 1st 4s mult
Tex Pac 1st ,1s 20(10
L'n Pac 1st 4s - 1947
do cv 4s 1927
do ref; 4s 2008
do 0s io-j
l'n Tank 7s 11130
vt abash 1st Ss
do 2d Ss
West Pac Ss
Industrials
Allied Packers 6s . .
Amn Agr Ch 7V .
Amn Pm 1st Ss .
Amn Tob 7a
Anaconda 6s A ....
do 7s B
Armour cv 7s
Beaver Board 8s .. .
Beth Steel 7s
do eq 7s
do ref 5s 1942
Cerro de Pasco Ss 1931
Chile conv 6s A 1932
do conv 7s 1923
Copper Exp 8s i. 1923
do 8s 1924
do Ss
Colo F A I gen Ss. . .
f'olo lnd 3a 1934
Cuban Amn Sug 8s 1931
Cuban Cane cv 7s 1931
Distillers Sec cv 5s 1927
Dupont 7'.is 1931
K'mpire Gas Fuel 6e 1924
Flsk 8s 1941
Gen Elec deb 5s Ki.VJ
do deb Hs 1940
Goodrich 7s 192.1
(.oodyear 8s 1941
Heinz 7s
Ill Steel deb 4 4a. . .
Ind Steel 5s ,
lnt Marine CT 6s....
Kelly Spgfld 8s
Kennecott 7s
Lack Steel Ss
do 1st 5s 19.-.0 944
l.ibby McN L, 7s 1931 1(W
Llg A Myers 5s 19.M 100
do S 1944 120
Lorlllard 5s in.il 99
Aihlvale 5s 193(1 89 tz
Morris A Co 714s 1930 10BV
rroc & oamoie is ..
Republic I A St 5s..
Sears Roe -7s
do
Steel A Tube 7s 1951
Swift A Co 7s 1925
do 1031
I nl Drug 8s 1941
U S Rub 1st ref 5s 1947
98 "4
106
!4
(.8
97
92 Vt
85
90',
107
.... 111311 107
1948 8.1 li
193.1 80
191)7 90H
.... 204? 109 Si
1929 93 t
' 1936 lllii
19115 94
100 V,
1I3
1 0'i
XI 1
SOW
27 H
67 V,
99 H
93
91
h.1
10.1
75
100
91
l'4Vi
86 4
77H
82'4
804
79
94 '-,
9.1 '
89 i
104
103 4
1939 100
1946 87 4
82
105
9.1
101
102 W
1929 108
1930 10.1V.
1983 9.1
1923 1118 4
193.1
The Prosperity
of the
Nation
The investment of sarplas wealth in good bonds is
a constructive factor in the prosperity of the nation.
By employing accumulated wealth ia this man
ner, you perform a three-fold service: (1) to your
self, by obtaining a regular, definite, sure rental for
the use of your funds; (2) to stable producing cor
porations who need money, by providing funds for
extending their operations and doing more busi
ness; (3) to the public welfare, by making the com
modities of life more abundent through the use of
your funds in productive enterprise.
Likewise, we belive that in distributing to inves
tors good bonds, we serve our clients; we serve
sound producing corporations, and we promote pub
lic welfare and contribute to national prosperity.
Blyth, Witter. &. Cq
FOURTH AND STARK, PORTLAND
BROADWAY 6481
New York, San Francisco, San Diego, Seattle,
Chicago, Oakland, Pasadena, Tacoma,
Portland, Los Angeles, Hollywood, Spokane.
1939
1941
1947
1923
19J9
97 4
127 4
96 4
199
102
102
192.1 103
1943 91 4
79 4
107
88-
5.14
10S4
101
10(1
101
107
103
116
. 193(1 10.1
. 1!M( 1)3
. 19.12 191 H
. 194t 92
. 1931 108
. 1930 J1.1
1023 J1K1
do
'4s 1930
IT S Steel sf Ss
a t hem 5s
Va Car Chem H4s ..
West Elec 5s
West U T col Tr Ss. .
do 6'4s
Wilson 1st Cs
do cv 6s
West Elec 7s
estlnghouse 7s ....
puniic utilities
Amn Lt A Tran 6s . .
Am Tel coll 4s
do 5s
do Hs
Bell Tel of Pa 7s ...
B R T Ss
Cal Gas uni Ss
C'ties Service 7s B . .
do 7s D
Int R T ref 5s
1923 101
1941) 97 4
1922 100
11(23 101
100 4
lOtH
103
110'i
90
1l4
103
1963
1923 100
1932 10.1
1922 100
1938 100
1936 1124
1941 103
1928
1925
1931
192.1
1929
1946
192.1
194.1 lOSlj
194.1 .1
1937 98
I960 103
19H8 91
196 102
r-S4
108
109
lo
93
99
115
I.sclede Oss 7s 191 "9
Mont Power Ss A 194.1 1'7
Pac Tel Ss 1937 9!l
i'u c Gas 5s H'42- "1
Southwest Tel 7s 192.1 ll'2
nil Bonds
Anglo Amn 74s 1921 103
(lalena S till 7 1930 1(4
(lulf Oil 7s 1933 1"4 4
Pan Amn 7s 130 KM
Mex Pet cv 8s 193H K'4
Sinclair 74s 192.1 lfl
S o Cal 7s 1931 105
do N T 7s 1931 1"9
Tidewater Oil '"
Vacuum Oil 7s 19.M 108
U. S. Governments
First Liberty 3 4s 1947 JO! .40
do 4 u... 1947 100.64
Second Liberty 4s 1942 1l 12
Third I.lbertv 4 ' s 192S ion 28
Tourth Liberty 4' 1988 lw
Vic Iilb Loan 4s 1923 1O0.72
Foreign .governments
Argentine 7s 1927 12
Belgium 8s 1941 1034
Bolivia 8s . 1947 1(8
Brazil 8 1941 H24
do 7 19.12 91
Canada Ss 19.12 99
fhlle 8s , 1946 104
( mecho-Slovak 8s 19.11 92
I'enmark 6s 194J 99
Dutch East Indies 6s 1947 9
do Ks I92 9.1',
French Cities s 1934 80
Mexico external 5s 19.14 5.1
do 4s -. 19.14 40
Netherlands fls 1972 P4
Parls-I.yon-Mdtrn 6a 19 IS 7.1
Rio do Janeiro 8s 1947 lot
8Mne 7s 1942 89
Foreign Oov't Internal
French Internal 4s 1917 414
do Victory Ss 192 no 4
nelgian restoration Ss 6H4
British 2 4'i consols .11
ILal cons war loan 5s...... .... 3.1 4
I, R l
Stockholm .... 26 52
Christianla Id 94
Copenhagen 2n.88
Rupeea 29
Argentine 35
Chile 1414
Brazil 12
Greek 205
Holland 38.80
Spain 11.25
Czerho 290
Serbian 134
Swiss 18.74
Finland 218
while, ft 1S.4J1 .10 rwt i Boirfh Dakota
Sfecked early ohtr-s. $tl 25 cwt.
IOTATIO'S OS nIKY rKOIH'fl
Current Market Ruling n Halter,
I hrrM ami let.
f AS FRANCISCO. H.pt- 20 (IT. H.
Pureau of Agricultural nronomlrs 1
Hulter Citrus, Mr; prune firsts. 4tr.
III. Is. 41c.
Ill" Ultras. 52c; prim- firsts. 44-,
firsts, 4c. ri(r pull-Is. ah4c; und-r.
eii.rd puili-ta. N'n. 1. 2.1c
Cheeiw. Ca llfrnla fl.t. fancy. IV ,
firsts. 24'-; C.lirurnla Young America,
laiiiy, 27r.
NEW YORK. S'pt. 20. Ilutler rirn ;
creamery, higher ihsn i-ura". 424fr
4.T-jc; creamery, eitrsa, 42c; firsts, 5-4-41c.
Kltffs Firmer; fr-sh guth-r-il. tr
firsts. 42n4r: dn firsts. 9tn Mew
Jersey liennery whltfs, unranOteil. t
tras, 6241 6H.-; state, nearby and fiesrhy
western hennery wliltfs. firsts to estra.
40$ 62c; do hennery brow n estras. 4tt
52c; Pacific roast whites, suras, un
quoted; Pm-ific rnmat whites, firsts to
extra firsts. 4(.16c.
hecse Finn.
CHICAGO. Sept 2nHiitt.r Higher;
creamery, extras. 394r; firsts. 32f334r;
extra flrats. .13 4 3 .IN. ; . rnn.la. 30931c;
standards. 37e.
Lggs Cm-hanged : receipts, 6434 rises
KANAK CITY. Mo., ftepl. 20 Hu(tr
and rcri unrhsngd.
Poultry Light hns anil broilers tin.
changed; Ifuvy hen. 2 cents lower,
ISc.
SK ATT 1.1-.. IV a ah .
and egg unrhimH
hept. ?0r1tlttr
Chicago rototo Market.
CHICAGO. Sept. 20. Potatoea steady;
ri-celpts. 41 cars; toisl United states
shipments. 944 cars; Wisconsin sacked
round whites. 1 25 1.4(1 rwt: Minnesota
sacked sand land Chios. $1171.2.1 rwt.;
Minnesota sacked Red river Ohio. l 21
ir? 1 40 cwt. : Mnnet HrMrt rnnd
Naval Mores.
SAVANNAH. 8pt 20 Turpentine,
firm, $1.2.1; ss'ea 177 barrels; receipts.
413 barre'a. sMpmenfs, 394 barrsie:
Stork. 11.44.1 barre'
Rosin, firm. is. 1320 harre's; re
ceipts. 972 brre a; ehlptnenta, 72T bar
rels: stork. 1UK..-.44. jn..ie; H. I. K, I'.
I. H. I. $13.1; K. 5 3T4 : M. $5 441. K,
$.1191; WG, $il2.1; WW. 6 i.
ottnnrrd (til Market.
Cottoneeed oil future at Near Yerlt,
furnished bv Jurdan-W'entwor' h a ',
Portland: October. H4tfH.4l.1e: Novem
ber. 8 71 III-': January. MllUr;
February. 8I.V1!17-, Mar-h. R.'fltftl'w;
April. 8 32 fl 1 4".e. hrptember, t ll 9 U HM.
To'i, I ..n '.'4 4"'i
fliR
. LADD i TairOK J'
N. BANK jr'
THE popularity of American Municipal Bonds
as an investment is due only in part to their
exemption from Federal Income Tax. The
intrinsic worth of bonds secured by general taxes
gives them a high rank in investment securities.
For the conservative investor, who seeks first safety
for his principal, we recommend any of the follow
ing bonds, which we ourselves have purchased after the most
careful consideration. These are general obligation bonds,
backed by all the taxable property within the boundaries of the
issuing municipality.
' Maturity.
State of Oregon 1931-51
Union County, Or., Road 5V2S 1028
Wallowa County, Or., Road 5,$ 1936-38
Malheur County, Or., Road 5V? 1931
Clatsop & Columbia Co., Or., Joint School Dist. No. 7 6s. 1925-32
Wallowa County, Or., School District b 4s 1032-42
Malheur County, Or., School District 5Vss 1932-12
Umatilla Co., Or., Union High School Dist. No. 1, 5 , .1929-37
Fremont Co., Idaho, School District 6s 1933-42
Jefferson Co., Idaho, School District 6s 1933-42
City of Condon, Or., Water 6s 1942
City of Albany, Or., Imp. 6s 1932
Yield.
4.125
4.80
4.80
4.80
5.10
r.
5.
4.75
5.25
5.25
5.40
Exempt From Federal Income Tax
Complete details on any of these issues furnished on request.
or telegraph orders at our expense.
Telephone
Bond Department Open 8:30 to 5- Saturdays 8:30 to 2
TELTON
TJaaaw r s T c Maaal
Oldest in the Northwest
WASHINGTON
at THIRD
7i y i i-I-iJY'ilTfW'?TuiJY i"Y i Y nf"nf "nTTi r i T i T l T I T I T l T l r l T l T l Y I TU TU Y 1 Y Y 1 I'l l' 1 i' 1 1" I Ti