TIIE MORNING OEEGONIAN, SATURDAY, OCTOBER 21, 1922
23
NEW YORK MARKET
BEGINS RECOVER!
1M1
11)52
1942
1U3T
11)52
1925
1925
1931
19B3
German Mark Falls to 4000
for Dollar.
STERLING TAKES JUMP
Apprehension Over Change Made
in British Ministry Lasts
i
but Short Time.
(By Chicago Tribune Leased Wire.)
NEW YOKK, Oct. 20. Recovery in
the stock market, rather irregularly dis
tributed, attracted most of Wall street's
attention today. But the larger econ
omic Interest attached to such incidents
as the fall in the German mark to 2V4
one-Uundredths of a cent, the rise of
spot cotton to 23.40 cents highest in
just two years, except for a single day
lust July and the publication of a sur
prising statement of last month's mer
chandise import trade. The day's ad
vance in stocks converged mainly on the
industrial shares, which had fallen most
heavily- in the last two or three days,
but it affected the railways also. Con-
elderable. repurchase or stocks by recent
speculative sellers was in evidence.
That financial apprehension over the
change inthe British ministry had been
only momentary, was proved not only
by the course of today's European stock
markets, but by the movement of ster
ling, which, at one time, got back to
$4.47 as against the $4.44 rate touched
in Thursday's abrupt reaction.
y But the sudden fall of the German mark,
measured in hundredths of a cent, from
its previous lowest figure of 8H to 2
today, was the outstanding movement in
exchange. The cables quoted wild ex
citement on the Berlin stock exchange,
which may easily be Imagined; for, small
es the unit now is in which' the mark's
gold value is measured, today's decline
amounted virtually to a 20 per cent fur
ther overnight depreciation in the Ger--man
currency. This, collapse la a not1
uninteresting commentary on the latest
futilities of the German government; its
attempt to prohibit purchase of foreign,
currencies with paper marks and Its
quite Incomprehensible offer of "gold
interest bearing mark certificates" with
out any visible gold reserve behind them.
But the new valuation Of 4000 marks
to the dollar Instead of 2100 a fortnight
ago and 400 in July, is perfectly well
explained by the currency statements
which Berlin declares have nothing to
do with it. The Belchsbank today re
ported addition to the paper circulation
during the second week of October to
have been 30.334,000,000 marks, an in
crease of nearly 9 per cent in a week and
of 120 per cent since July 1. But the
Reichsbank has promised presently to
do Better with Its printing press than
this 5,000,000,000 daily output.
During September there was very lit
tle of the talk of huge "anticipatory
imports." which is usually heard on the
eve of A great advance in the tariff. It
was, iffeed, a matter of rather general
comment, how little interest the for
eign markets then seemed to take in the
matter. Nevertheless, it was generally
assumed that September's trade returns
would show substantial increase in ar
rivals of foreign merchandise which ex
plains the surprise of everybody on
learning, from today's foreign trade
Rtatement, that 'mporta last month were
'$39,000,000 less than in August.
m
Reading was the outstanding leader
of the railway shares today, making a
new high for the year on an unusually
large turnover, which totaled something
like 58,000 shares. The stock opened at
S04., the low for the day and closed at
S3Vj, the high for the day and net ad
vance being 3 points. JCo particular
i explanation was offered in the financial
community for the rise, but in certain
railway quarters, it was held that the
approach of another step in the Reading
segregation case was considered as" en
couraging news.
It Is a comparatively simpile matter
for the etock market friends of Mexl
ca.n Petroleum and Corn Products to
put them ahead at will. Just now both
of them have back of the market op
erations the knowledge that they have
extremely large cash surpluses and that
it Is extremely fashionable to reduce
these surpluses by stock dividends.
Bradstreet describes the industrial and
distributive situation as "about the bet
since the late spring of 1920." Dun. al
though admitting irregularity and "fluc
tuation in volume of operations," finds
that "the rising trend of demand is
clearly manifest."
There was no further reflection of the
British cabinet crisis in the foreign
quarter of the. bond market. Whereas
British issues came down about a point
when the resignation of Lloyd George
and his ministry was- announced, the in
fluence of this ceased to exist. The
United Kingdom 54s were appreciably
stronger, making up .half the loss ex
perienced the day before.
LlbeTty bonds, with the exception of
the 3Vs9, which had a remarkable move
ment yesterday, were strong. The tax
exempt issue dropped fully Jl on profit
faking. The new treasury 4Yte sold at
the usual discount above the subscrip
tion price, and the balance of the. 4
per cent issue showed smaller advances.
N T Tel
N Amor Ed 6s
PG&E gen & rf A 5s
Pao Tel 5s
do 5s
Sinclair cv 7Aa
Sinclair C O 5V&S
a u cal is
U. S Steel s f 5s
Wilson 7tts' 1931
r or. uovt. Inter. Bonds
Bremen 4s .
trench Internal 4s 1(117
French Victory 5s 1920
Belgian Restoration Cs
British 214 consols
Ital Cons War Loan 5
For. Govt. City Bonds
Berlin 4s
Greater Berliu 4s . . . ,
namnurg 4s
Bremen 4s
Cologne 4s ....
Dresden 4s
do 4s
Dusseldorf 4s .-
Frankfort 4s
Leipzig 4s ..,
do 4 ,
Munich 4s
Stuttgart 4s
Essen 4s
Canadian N R 7s
Clev Un Ter 5Us
Laclede G L 7s
bears Roe 7s
bouthwestern B T 7s...
Allied Packers fls
Am Tel & Tel 6s
do 6s
Anaconda Copper 6s . . .
do 7s
Anglo-Am Oil 714s
Armour & Co 7s
Metn steel 7s
Copper Ex Assn 8s
do 8s
Galena Signal Oil 7s....
lirana Trunk 6 s
Gulf Oil Co 7s
inter j-tapld Tran 7s
So West Tel 7s
tts....
MR. DICKEY GETS NEW
JOB
Western Position With w York Bank
Is Accepted.
Walter P. Dickey, president of the
Livestock state bank, North Portland;
president of the Portland Cattle Loan
,A-eompany and director of the Union stock
yards, has resigned his local positions
and accepted the position of western
representative of the Mechanics & Metals
National bank of New York city, one of
the big financial institutions of th
tiopolis. He will take the new position
ai uuce, il was announced yesterday
Mr. Dickey will still make Portland
his home, however .although his new
position will take him throughout the
west from Denver, Colo., to all parts of
the Pacific coast. He will investigate
and pass upon all loans made by the
bank In the west and will reDresent the
New York banking Institution In all
Banning- ways.
Mr. Dickey came to Portland 11 years
ago, being brought by the Swift interests
when they started packing northwest
livestock here on a. large scale. Through
out that time he has been closely in
touch with the livestock Industry in all
Its phases, from the growing of cattle
to tne preparation or tne finished prod
uct in North Portland. Few men, it is
said, are as well equipped as he to ap
praise livestock loans and values.
The position offered Mr. Dickey Is said
to have been created for him and is the
first such place to be made in the west
by any rew lork oank.
New York Bonds.
Furnished by Jordan, Wentworth & Co.
of .Portland:
A T & St F gen 4s 1995 87
It O com 4 'is li83 fc3 9i
do Us IMS 100i
1 no iO UW oilv ...... .... U
Ches & O conv 4js 1930 8714
do conv 6s 1946 965
Chi & Bur Q 5s 11171 101
Chi Gt W lsct 4s 195B B21i
Chi M 4: St P cv 4 Ms 1982 711?
do st & ref 4s S3Vi
Gt Nor 7a ser A 103 110
do 514s ser B 1952 101
K C S ref & imp 5s due
Apr 1 1950 91 li
Minn SP&SSMlOyr
col tr g 014s 1931 103K
M K T 5s cm adj s A... 1967 lli
M P 1st & ref (Is sr D 1049 100
N T Cent cv deb Cs 1935 106'i
N T C & H R rf & im
- 6s C 2013 n-4
N P ref & imp B 6s 2047 108'4
O W & Nav 1st & rf 4s.. 1961 il4
J'enna R R R R E A 41js.. 1965 91
do B 5s 196S 100
R Co & P & R C L gen 4s 1997 84
S L-S F pr 1 4s 1950 72
do Income A (is I960 07
S P S F Terms 4s I9.M) 82
fcio Pac 1st ref 4s 1955 87 lj
So 1st dev & gen 614s ... 1!)5 102
W P 1st 5s 1946 83
Miscellaneous '
Am S R Co 6a 1937 10214
Am Tel Tel conv 0s 1925 llfl
Cal Gas Unf Bs 1937 -9614
DuPont 10-yr 714s 1931 108
Duquesne 6s 1949 1H3U
Empire G & T 714s ...19.17 84
Kramer Ind 714s 1942 92
Goodrich 614s 1047 10114
Goodyear 8s 1941 lit
do 8s 1931
Humble Oil 514s 1932
I P 1st & rf 5s B...... 1947
N England Tel 6s 1952
N If Edison 614s 1941
1935
1972
1929
1923
1925
1922
1924
193S
1924
1925
Stand Oil N Y
do 7m
Swift & Co 7s
Vacuum Oil 7s
1933
1926
1931
S914
98i4
' 89
99
10914
105
94
9314
94
!)2
103
88 14
105
10114
10514
40
4714
5714
6414
5214
3414
40
50
55
65
40
50
55
60
55
70
65
. 55
50
00
11014
10414
101
10114
102
77
99
100
101
103
103
104
102
102
10314
105
10514
103
101
10
10714
106
102
107
New York Curb Market.
Furnished by Jordan. Wentworth &
Co. of Portland; . Last
Industrials Sale.
Acme Coal Co 72
Acme Packing Co. 32
Car Light & Power Co 2
Continental Motors 1014
Glen Alden Coal 65
Phillip Morris 20 '
rtadlo Corp com -.. 414;
United Ret Stores Candy 6
West End Chem Co.. 60
Heyden Chem 2
Durant (old) 501a
Mining
Alaska-Br Col Met 214
Big Ledge 9
Boston & Montana 12
Candelaria Sliver ... 39
Cresson Cons G MIn 2
Divide Extension '. . . . 14
El Salvador Mines ' 4
Eureka Croesus M Co.... 26
Gold Zone Divide 11
Jerome Verde Copper 2
Knox Divide Mines 4
McNamara Mine . - 7
McKinley Darrairh 21
National Tin & T 22
Nevada Ophir .i 22
Niplsslng Mines 5
Rex Consolidated 6
Tonopah Divide 70
united Eastern Mine 111-16
Hecla 714
Cons Copper 4
Oils
Allied Oil 3
Anglo-Am Oil 2114
Arkansas Natural Gas 914
Boone Oil .10
Boston-Wyoming 1
Carib Syndicate ........... 6
Cities Service, com 108
do B T shares 2014
Creole Syndicate 2
Cushing Petroleum 3
Mutual Oil 1214
Engineers' Petroleum 20
Federal Oil : '80
Gllliland Oil 414
Glenrock OH 15-16
Hudson Oil ........ 13
International Petroleum . 2214
Maracaibo Oil 1814
Mexico Oil . . .' "...13-16
Noble Oil & Gas com.. 25
Omar Oil & Gas 1
Producers & Refiners 7
Sapulpa Refining Co 3
Southern Pet & Ref Corp 15
Standard OH of Indiana ...JU5
Texon Oil & Land 41
Victoria Oil 25
Mex Eagle i 1214
Merrltt 7
Boston Alining Stocks.
Furnished by Overland & Cooke com
pany of Portland: Bid. Asked.
BOND LIST IIM
FOREIGN IiOAXS DOWNWARD
IN TREND , AT NEW YpRK.
Domestic Issues Inclined to Im
prove All Liberty Group
Except 3 y2 s Steady.
NEW YORK, Oct. 20. Conflicting
price movements again took place in to
day's bond market, foreign issues gen
erally exhibiting a reactionary trend
while domestic liens were inclined to im
prove. Liberty 314 s, which registered a sen
sational advance yesterday by touching
103.02, & new high record, and closing
at 102, fell back to 100.84 today, a net
loss of $1.16. "Other United States govern
ment securities were either unchanged
or registered moderate gains.
Mixed changes occurred in the railroad
group with the main trend upward. The
advance was led by Baltimore te Ohio
gold 4a and Pennsylvania consolidated
4!4s, each up 114 points. Gains of 1 to
114 were made by Chicago & Eastern
Illinois 414 s, Kansas City Southern re
funding 5s, Baltimore & Ohio refunding
5s and Erie convertible 414s, series B. -
Some of the weak spots were Chicago
& Erie first 5s, New Orleans, Texas &
Mexico 5s. Wabash first 5s, St. Paul
general 4s, Atchison adjustment 4s
stamped, Frisco adjustment 6s and Nor
folk & Western convertible 6s, all down
a point or more.
Union Bag & Paper 6s improved a
point, as did Cerro de Pasco 8s and
United Drug 8s. The three Brooklyn
Rapid Transit issues strengthened 1 to
114 points, but New York Railway 4s cer
tificates were reactionary, as were In
terborough Metropolitan 414s and Pa
cific Telephone 5s.
Total sales, par value, were $20,
925.000. The only important offering today, an
issue of $5, 500, 006 first and refunding
mortgage 6 per cent gold bonds of the
Missouri Pacific Railroad company, sold
to the public a,t par, was oversubscribed.
CLOSING STOCK QUOTATIONS.
Closing stock quotations at New York
furnished by the Overbeck 9 Cooke com
pany of Portland:
Stock Sales. High. Low.
Adams Express.. 400 SO 79
PitU A West Va, 500 39 38 38 ;
Pressed Stl Car 200.89 89 89
Punta Alegre .. 700 45 45 45
Pullman 1,000 132 "130 13
Pure Oil 1,800 3014 30 30
Ray Cons ...... 800 14 14 14
Reading 41.100 83 80 83
Remington 400 36 86 36
Replogle steel .. 600 82 32 32
Republic I & S.. 2,200 55 54 65
do pfd 300 89 85 86
Rep Motors .... 400 2 2 2-
Royal Dutch Oil 2,500 58 57 67
Ry Steel Spg 118
Saxon Motors .. 1,200
Sears Roebuck.. 400
Shattuck & Arix
Shell T & T.... 200
Sinciair 9,400
SI oss. Shef
Sou Pac 6,700
Sou By 4,800
Std Oil N Y
do Cal 8.200 127
do Ind 126
3-
8
37
34
37
33
3
S8
8
37
33
47
95 84 85;
20 26 26
72 667 6o
124 124
1 2m l-.
do N J ......12,600 221 216 217 through.
Ariz Comra
Adventure
Algomah
Allouez
Arcadian
Bingham Mns j
Cal & Ariz ." !
Calumet & Hecla.., i
New Corn . . . .
Franklin Mng
Hancock
Helvetia
Island Creek
Kewenaw
8
50
10
23
285
1
2
90
102
Kerr Lake ). .
lake Cop ,
La Salle
Michigan
Mohawk ............. . .
Mason Valley
Nlpissing
North Lake
Old Dom Cop
Osceola Mng
Ojibwey
Isle Royale
South Lake
Supp Boston
Un Shoe Mach 4M4
do pfd 26
South Utah 3
Superior Cop
Shattuck
Trinity T'op
Tuolumne
Utah Metals
Utah Con ;.
U S Minins
do pfd 4514
Utah Apex 214
Ventura , . . 27
Victoria 1
Winona 1
Wolverine 9
Wyandot 50
3
1
2
-68
1
5
30
1914
"1
21
41
. 4
8
1
. 50
.1 1-16
. 2'
. 41
814
100
61
45
24
2
..18
m.
2S8
18
3
91
10S
4
4
1
S
60
ti .
32
2 1
35
o
22
45
43
27
IO
4
1
65
1
2
42
45
2
28
1
. 1
9
75
II THIS OF OIL SOLO
PORTLAND VEGETABLE MILLS
OBTAIN HUGE ORDER.
Bid.
80
Advance Rum 17
Agr Chem 1.100 36 35 35
do pfd ... . 1,100 66 66 66
AJax Rubber 800 14 14 14
Alaska Gold 400
Alaska Juneau... 100 1 1 1
Allied Chem 1,400 84 84 84
Allis-Chalmers .. 3,700 49 47 48
do pfd 400 95 94 96
Am Beet Sugar.. 100 42 42 42
Am Bosch 100 41 41 41
Am Can Co 7,400 76 74 75
do pfd 300 111 111 111
Am Car & Fdy.. 200 190 190 190
do pfd 122
Am Cot Oil 100 26 26 26
Am Drug Synd.. 300 6 6 6
Am Hide & Leat ( 14
do pfd ., 1.400 74 73 7814
Am Ice 400 112 111 111
Am Intl Corp... 3,000 35 34 84
Am Linseed 4,400 40 39 89
do pfd 400 61 61 60
Am Loco 3,900 133 131 132
do pfd 100 121 121 121
Am Saf Razor... 12,100 8 7 8
Am Ship & Com. 3.400 23 22 22
Am Smelter 2,600 62 61 61
do pfd 900 103 102 103
Austin Nichols . 400 85 34 34
Am Steel Fdy... 500 44 43 43
Am Sugar 1,100 80 79 79
do pfd 400 107 106 107
Am Sumatra ... 200 38 38 38
Am Tel & Tel... 1,100 123 123 123
Am Tobacco 300 164 162 162
do "B" 200 160 1 60 160
Am Wool S.600 100 99 100
do. pfd 110
Am W P pfd 400 34 84 33
Am Zinc 300 1 8 18 18
Anaconda 6.700 52 51 51
Assd Oil 100 123 123 123
Atchison 800 108 106 108
do pfd 1,4110 92 92
Atlantic Coast Ll 400 122 122
Atl Gulf & W I. 1.900 29 29
Baldwin Loco ..13.100 139 137 139
do pfd 100 115 115 115
Balto & Ohio... 4,300 55 54
do pfd 100 64 64
Barnsdell C "A" 200 38 .38
do "B" 3.RO0 25 25
Beth Steel "B". 1,400 74 74
400 7 7
2,100 17 17
700 7 7
S3 33
do Ky 110 110 110
St L ft 6 F 500 28 28 2S
Stromherg Carb. 100 54 54 53
Studebaker 87,400 133 12 130
Swift & Co 109 109 10
Tenn Cp Chm 600 1 0 9
Texas Oil 13.900 60 49
Texas Pao . . . . 400 28 28
Tex Pac C & O.. J.000
Tob Prod 1,400
Tr Contl Oil 7,100
Un Bag & Paper
Union Oil Del... 1.000 18
Union Pac .. 6,000,149
United Alloy ...
United Drug ...
United Fd Prod.
United Fruit ... ....
United Rds N J
do pfd
United Rtl Strs.- 6,000
U9CI Pipe
V a Ind Alcohol 6.100
U S Rub 4,600
do 1st pfd 200
V S Smelting... 1,100
U 8 Steel
do pfd . . . -Utah
Copper ,
Va Chem
do pfd 100
Vanadium Steel. 1,900
25
61
14
700 6
85
es
57
8
42
..34,100 109 108 108
211(1 122 m
1.300 01 00 o
9
49
28
25 24
61, 61
13 13
71
17 17
148 149
87
SI
5
155
13
30
84
32
67
56
98
41
5
82
7
55
08
41
67
44
32
11
31
Vivaudou 500
Wabash 200
do A pfd 700
do B pto.
Wells Fargo ... 000 97
West Pac 400 17
do pfd . . - 200 60
Western Union.
Wesfghouse A B 100 99
do E ft M 1.80O 63
West Md 200 14
White Eagle Oil 200 31
White Motors . . 200 50
White Oil, 300 0
Wlllys-Overiand 1.500 6
do pfd 400 40
Wilson Packing. .
Wis Central 300 31
Woolworth .....
Worth Pump
67
43
12
11
31
97" '
17
59
27
67
44
12
11
31
21
1)5
17
'9
200 113 113 113
99
62
14
31
49
6
39
3i" '
99
63
14
31
49
6
6
39
42
30 ,
194 '
38
Booth Fish
B R T-i
Butte C ft Z. . .
Butte & Sup. . .
Burns Bros 'A"
do "B"
Caddo Oil
Calif Packing .
Calif Pet
do pfd
Call Zinc & Lead 1,700
92
122
29
55
63
37
25
74
7
17
7
33
3.200 138 137 138
1.200 51 50 51
20O
Canadian Pac
Cen Leather
Cerro de Pasco.. 1.400
Chandler Motor.. 8,100
Chgo &.N W.
Chgo Gt W
3,600 148 147
do pfd
Chili Cop ......
China
C M & St P ...
do pfd
Coco Cola
C & 6
Colo F & I
Colo Southern .
Col Gas & Elec.
Columbia Fraph
Con Gas . .
Cons Cigars
so pfd
Cons Textile ... 800 10
Lonti t;an 2.2U0
100
1,900
100
1,700
Total Consideration About $700,
000h Plant to Run Seven
Days a Week for Output.
Sale of 160 tank cars of cocoanut
oil for future delivery to one con
cern in the middle -west was an
nounced yesterday bv officials of
the Portland Vegetable Oil Mills
company, after the big deal hadj
been closed with the middle-west-
em buyer by C. A. Painton, presi
dent of the local company, over the i
long distance telephone. The deal
is declared to represent the largest
single sale of Cocoanut oil ever con
cluded by a vegetable oil crusher
In this country. j
The oil will be used in the man-,
ufacture of soap, although the name
of the buying concern was not dis
closed. It was declared to le one
of the largest soap manufacturers
in the middle west. A total consid
eration of about $700,000 is involved
in the transaction, it was said. De
livery of the 160 tanks of oil will
start next week and will cover a
period of six months.
In order to produce this quantity
of oil, something like 10,000,000
pounds in all, it will be necessary
to import and crush more than 14,
000,000. pounds of copra, it is said.
The company already had under
contract large .quantities of copra
for delivery from the far east and
following the receipt of this huge
order telegraphic arrangements for
additional quantities of copra were
placed.
"This latest order, with orders al
ready on file, will take practically
the entire output of the company
for the remainder of this year and
the first quarter of 1923," said J; W.
Parker, secretary-treasurer of the
company. "Counting the 160-car
order we now have on hand orders
for 270 tanks for future delivery.
We have been operating the plant
2i hours a day, but in order to
handle the additional business It
'will be necessary to keep the mill
in operation seven days a week in
stead of six as heretofore."
Phone your want ads to The Ore
gonlan. All its readers are inter
ested in the classified columns.
Corn Prod
do pfd . . .
Cosden Oil .
C R I & P
do "A" pfd
do "B" pfd
Crucible . . .
do pfd .
Cuba Cane .
do pfd 400
Cuban Am Sugar 900
Davison Chem . . 3,200
Del ft lindson
Del & Lack . .
Dome Mines .
Elec Stor Baty
nai Johnson . .
Erie
do 1st pfd
Fam Players ...
Fed M& Smelt .
do pfd
FiskTire ..i...
Gen Cigars .
Gen Elec
Gen Motor
do C per cent. .
Gen Asphalt . . .
Glidder. Paint . .
Goodrich T & R.
Glen Alden
Granby . :
Gt Nor Ore
do yt& ...
Greene Cananea.
Gulf S Steel
Houston Oil ....
Hupp Motor ....
Ills Cent .......
Inspiration
Int Ag Corp com
1.800 1 0 10 10
300 84 8 84
1,800 62 61 61
94
8 8 8
148
40 40
40 40
60 61
91 91
6 6
15 15
25 25B
28 28
31 32
50 49
79 80
75 78
31 81
48 48
5.600 110 108 109
auu 2 2 2
...11,800 144 140 144
1,ZUV 4U 39 40
81
10 10
94 95
129 133
120
4
45
1,800
300
1.400
4.000
900
1,600
2.900
1.400
4,200
400
500
41
40
2
92
6
15
26
29
32
50
80
76
49
24.JOO 134
iwi
,,000
,600
90
86
94
18
37
22
39
47
43
'0
88
94
13
37
22
37
49
45
99 .
90
84
94
13
37
22
87
100 137 137 137
400 140 1.18 14011
4.200 39 88 38
.10.300 58
. 12,400 88
800 16
. 900 24
. 3,800 10
'. "ibb 'zk"
. 300 13
. 3.900 80
. 300 184
9,700 14
500 84
2,000 63
57
85
15
24
99
'58" '
12
78
58
87
15
24
99
12
58
12
19
182 183
14 14
200
400
200
900
36
56
30
38
95
84
61
"34""
56
30
37
94
, 900 90 89
300 84 83
. 800 22 22
200 113 113
2,900 39 38
100 8 8
84
62
13
34
30
37
94
28
89
83
22
113
38
QLf.
uu Piu 33
Interboro 1,100 1
aopfd 1,100 1 1 1
lSW 100 109 109 109
IutMMarine ... 800 -14 14 14
....... 0 06
Int Nickel 2,200 16 16
Int Paper l.soo ei nost
do pfd- os
Invincible Oil ... 6,900 17 "16 16
Jewell Tea 300 20 20
K C Southern .. 2.40O 9a at
doPJd. ... Jg
" 1522 V 1
Kennecott 18.600
Keystone Tire .. 1,800
Lack Steel 900
Lee Tire 200
Lehirh Valley.. S.60O
Lorlllard 700 172 170
Loew Theaters.. 80O 91 ti i
T. B- XT m . - .7
. ,o i
Lima Loco 1.600 60
67
16
60
19
22
44
85
7
83
28T
71
43
S4
7
83
S 26
iu
43
o
7
82
26
70
171
141 141
Marland Oil 14,900- 37 35 35
Maxwell Motor A 1.700 55 54 54
May Stores":::" 400 1M 135 134
Mex Pet 57,200 231 220 231
Mex Seaboard ... 2,700 17 17 17
... lAiui ..........
Middle States Oil 2.600
W ft L E .... 12
Liberty Bond Quotations.
Liberty bona and victory note quota
tions furnished by the Overbeck & Cooke
company of Portland: Closing
Open. Hlgn. ijow. bio.
Liberty 3 s... 101.60 101.60 100.82 100.84
do, 1st 4s 98.80
do 2d 4s.. 98.84
do. 1st 4s. 99.18 99.18 99.06 99.08
do, 2d 4s. 98.8S 99.02 98.88 99.00
do, 3d 4s. 99.18 99.24 99.16 99.22
do, 4th 4s. 99.06 99.24 99.06 99.22
Vic. 4s call. 100.06 100.18 100.06 100.16
do, 1028 100.28 100.32 100.28 100.28
Money, Silver, Etc.
NEW YORK, Oct. 20. Call money,
easier; high, 4; low, 4; ruling rate,
4: closing bid. 4; offered at S; last
loan. 4 ; call loans against accep
tance, 4.
Time loans easier, mixed collateral 60-
90 days, 4 (5)5: four to six months, 6.
Prims commercial paper, 48.
Foreign bar silver, 66 c.
Mexican dollars, 51c.
LONDON, Oct. 20. Bar silver, 33 d
per ounce. Money, 1 per cent. Dis
count rates, short, 2 per cent; three
months, 2 02 7-16. .
Foreign Exchange.
Foreign exchange rates at the close of
business yesterday, furnished by North
western National bank of Portland. The
amount quoted la the equivalent of the
foreign unit in United states lunus:
NO CUTTLE RECEIVED
I;IMITED RUN OF SHEEP AND
HOGS AT YARDS.
Prices Unchanged in All Lines.
Six lioads or Sheep Go
Through.
Thirteen loads ot stock were received
at the 'yards yesterday. Six loads of
sheep, about half of those received, went
The market generally was steady in
all lines with a moderate amount ot
business done. Hogs sold below the
r,u!lnE top, due to ohe quality of most
of the offerings. Only a few cattle were
available. Lambs and sheep moved at
going prices.
Receipts were 283 hogs and 1676
sheep.
The day's sales were as follows:
Wght. Pricel Wght. rnce
1 cow...
1 cow . . .
1 hog
1 hog....
4 hogs . . .
19 hogs. . .
17 hogs. . .
9 hogs. . .
25 hogs
46 hogs. . .
lil hogs...
10 hogs. . .
7 hogs. . .
12 hogs...
3 hogs. . ,
2fhogs. . .
2 hogs
6 hogs. . .
10 hogs. . .
11 hogs. . .
1 hog. .. .
31 hogs. . .
15 lambs.
34 lambs.
1 24 lambs
9 lambs.
1. lamb. .
16 lambs.
920 $3.75121 lambs,
670 2.00)63 Iambs. .
80 10.001 1 lamb...
100 10.00110 lambs. .
110 10.00177 lambs.
102 9.75
101 10.00
290 8.00
282 9.50!
207 10.50
262 9.75
197.10.15
197 10.60
8 ewes. . .
11 ewes.'. .
3 ewes. . .
3 yearl . . .
7 wethers
1 cow. . . .
3 cows. .
1 (ow. . . .
170 10.601 1 cow.
446 8.651 1 hog.
365 9.65i30 hogs,
109 10.151 5 hogs.
198 10.601 6 hogs
230 10.001 3 hogs
269 10.00116 hogs
256 10.001 6 hogs
266 9.T5 1 hoff.
1)4 10.001 2 hogs
61 8.00120 hogs
72 9.00 4 hogs
96 9.001 4 hogs
70 10.001 4 .hogs
89 7.501 1 hog.
Prices quoted yesterday at the Port
land Union stockyards were as fol
lows: Cattle Prlc8'I
Choice steers t 6..1O i.50
89 10.00
76 10.00
120 9.00
70 8.00
7U11.0O
1S8 4.00
135 4.00
153 3.50
120 7.50
120 7.00
1110 3 50
1013 2.00
880 2.00
lit',0 2.00
360 9.00
175 10.40
210 10.50
271 10.00
103 10.50
1H7 10.50
11)0 10.50
210 10.50
275 9.50
187 10.50
210 10.50
137 lO.OO
147 10.00
110 9.50
6.75 m 6.50
6.25 5.75
3.75 5.25
6.50 5.25
4.50 5.O0
H.oO& 4.1)0
Country Unit
Austria, kronen
Belgium, francs ........
Bulgaria, leva
Czecho-Slovakia. kronen
Denmark, kroner
England, pound sterling
Finland, finmark
France, francs
Rate.
.$ .000016
. .069300
.. .006900
. .033100
. .201500
.. 4.4S5000
. .024200
. .074800
Germany, marks 000325
Greece, drachmas .021400
Holland, guilders 392000
Hungary, kronen OOOCOO
Italy, lire 042300
Jugo-Slavia, kronen .005000
Norway; kroner 179500
Portugal, escudos .051500
Roumanla. lei 006000
Serbia, dlnara .019300
Spain, pesetas 154100
Sweden, kroner .208000
Switzerland, francs 183000
China-Hongkong local currency .55400''
Shanghai, taels 760000
Japan, yen '.4875
NEW YORK, Oct. 20. Foreign ex
chancre, irregular. Great' Britain, de
mand, $4.46; cables, $4.46; 60'day
bills on banks, $4.44. France, demand,
7.4014; cables, 7.41. Italy, demand,
4.20; cables, .4.20. Belgium, demand,
0.98; cables, 6.98-. Germany, demand,
.02; cables, .02 9-18. Holland, demand,
89.10; cables, 39.15. Norway, demand,
17.61. Sweden, demand, 26.70. Denmark,
demand, 19.99. Switzerland, demand,
18.26. Spain, demand, 15.35. Greece, de
mand, 2.00. Poland, demand, .01. Czecho
slovakia, demand, 8.31. Argentine, de
mand. 86.37. Brazil, demand, 11.75.
Montreal, 100 5-32.
German Marks Falling.
NEW YORK. Oct. 20. Demand ster
ling went as high as $4.46, but reacted
later to $4.46. Belgian exchange was
slightly better, but - most of the other
continental rates showed slight deprecia
tion. German marks dropped to 2
cents a hundred, another new low.
21
...425
...94
...216
...110
.. .148
...35
.145
8 28 28U
13 12 13
S4 33 83
17 17 17
5 56 . 50
72 72 72
22 22 2
21 21 21
69 58 58
75 75 7.1
1,100 237 232 228
900 67 66 67
1AA inn iaa.i -
200 15
1.000 32
2,900 121 129 120
2.200
3.200
700
500
300
1.300
2,600
zoo-
Midvale Steel
It K ft T Wl..
Mack Truck
Mont Power .
Mont Ward ..
Mo Pac ......
do pfd
M St P A S S M
Nat Biscuit ...
Nat Enamel . . .
Nat Lead .....
Nevada Coo. . .
New Haven . . .
Norfolk ft W. .
Nor American... 1,400 96
Nor Pac ....... 4.500 89
n ?COl!. oil ..... .....
N. Y. Air Braks
N Y Central 1.400 100
Okla Prod ref.. 2.900 2
Orpheum 1.100 25
Ontario ft W.-t.
Otis Steel
Pacific Dev 3,500 2
Pac Gas ft Biec. 900 83
Pacific Oil T7,3nO 51 2
Pan Ami Pet. .511,100 94
do B 32,900 94
Penne, 1,100 48 .
Penna. Sea. Steel. 900 4
Peo Gas 300 96
Pere Marquette.. 1.1O0 88
Philadelphia Co. 200 41
Phillips Pete ... 4,100 51
Pierce Arrow ... 900- 13
Pierce Oil ...... 800 R
PitU Coal 200 ifl
108 109
15 15
31 31
29 120
94 95
88
99
,?
25
1
83
50
91
4
4
95
37
4f
49
12
6
59
88
39
99
2
24
25 2
10
1
f2
51
93
98
48
s$
87
41
49
12
e
S3
Swift A Co. Stocks.
Swift ft Co. stocks at Chicago as re
ported by the Overbeck ft Cooke com
pany of Portland:
Swift ft Co. 109
Libby, new 8
National Leather . . . .' 8
Swift International 21
Standard Oil Stocks.
Standard Ol! stocks furnished by the
Overbeck ft Cooke company of Portland:
Bid. Asked.
Anglo
Borne Scrysmer
Buckeye
Cheesebrough
do pfd
Continental
Crescent' ...........
Cumberland
Eureka 93
Galena com 60
. do Old pfd 110
do New pfd .....105
Illinois Pipe 174
Indiana Fipo 95
Nafl Transit 25
N Y Transit 174
Northern Pipe 108
Ohio Oil 32
Inter'l Pete .'.. 22
Penn Mex 26
Prairie Oil 656
Prarie Pipe 294
Solar Refg ..385
Southern Pipe 96
South Penn Oil ..190
S W Penn Oil 00
S O Ind 125
S O Kansas 580
S O Kentucky ;..110
S O New York ....565
S O Ohio 540
do pfd 118
Swan & Finch 30
Vacuum ...... r. 650
Washington .., 24
S O Nebraska ...190 '.
Imperial Oil 117
440
90
230
115
151
37
153
95
94
113
110
177
97
178
110
37
23
29
675
297
395
98
195
62
125
595
111
570
555
120
32
660
28
200
118
Oil Markets.
(By Chicago Tribune Leased Wire.)
CHICAGO, Oct. -20. Gasoline Tank
wvgons, 19c; service stations, 21c; ma
chine, 27.7c .
OtUi Summer, 11.4c: winter, 11.9c.
Carbon Perfection Iron barrels, 11 e.
Linseed Oil Raw, 1 to 4 barrels de
livery, $1; boiled, $1.02.
Turpentine, $1.68.
Denatured alcohol, 42c.
NW BRIDGE IS FAVORED
Montavilla Club Expected to Sup
port Ross Island Project.
Official approval lot the proposed
Ross island brldgre will probably be
made by the members of the Monta
villa Community club at their regu
lar meeting Monday night in the
Oddfellows' hall. East Eightieth
and Qllsan streets. The bridge
project was presented to the mem
ber of the club at their meeting
last Monday,' but though indorse
ment was postponed until the com
ing meeting, it was understood that
the proposal was met with favor.
Appointment of committees for
the various clvlo undertakings by
the club will also be made at the
corning meeting, according to H. W.
Gable, recently elected president.
. 7.00 8.50
10.00W10.50
10.0010.75
6.00 7.00
10.00lt.00
Medium to good steers
Fair to medium steers . . .
Common to fair sheers ...
Choice heifers
Choice cows and heifers .
Mori ' tn ennti ROWI. heifers
Common Cows L50 2.00
Canners 2.00
Bulls 4.00 4.50
Choice feeders 4.00 5.00
Fair to good feeders 4.00 6.00
Choice dairy calves 8.50 9.50
Prime light calves 8.50 9.60
Medium to lieht calves 7.50 8.50
Heavy calves 5.00 J.00
Hos '
Prime light 10.2510.65
Smooth heavy, 250300 lbs. 9.5010.00
Smootih heavy, .300 lbs up.. 9.00 9.50
Rough heavy
Fat pigs
Feeder pigs .
Stags, subject to dockage..
Sheep
Ea.Rt.-of-mmintain lambs...
Choice valley lambs 10 0011.00
Medium valley lambs 9.00 10.00
Common valley latnus 8.00 9.00
Cull lambs ; 6.50 8.00
Light yearlings 8.00 8.50
Heavy searllngs e.nu o.ou
Light wethers 6.50 7.50
Heavy wethers 6.50 6.00
Ewes 2.00 6.00
Chicago Livestock Market.
CHICAGO, Oct 20. (U. S. Department
ot Agriculture.) Cattle Receipts, 4000
head; beef, steers and she-stock fully
steadyj top beef steers, $13.25; bulk
short fed and warmed up kinds of qual
ity and condition to sell at $.5011.75;
bulls, slow weak; veal calves opened
about steady; tending lower; stockers
and feeders about steady; practically
no western grassers offered; bulk bologna
bulls, " $44.25; bulk veal cows and
heifers, $4.600 7.25: bulk desirable veal
calves around $11.50 to packers.
' Hogs Receipts, 18,000 head; early
market steady to 10c lower; bulk 160
to 200-pound average, $9.309.45; good
and choice 210 to 275-pound butchers,
$9.509.60; top, $9.60; bulk packing
sows, $7.908.40; desirable pigs, strong,
mostly $9.25; heavy, $8.809.60; medium,
SO.XOlfl!!) 60: liff-ht. 9.209.45: liglht
lights $9.159.25-, packing sows, smooth, 1
$88.55; packing sows, rough, $(.00
8.10; kill'ng pigs, $9.25.
Sheep Receipts, 15,000 head; fat
native lambs opening steady to strong
with general trade Thursday; fat west
erns steady; early top native $14.60 to
city butchers; $14.50 to packers; choice
Idaho lambs, $14.60; other westerns to
killers, $14 3514.40; two decks 80
pounds; feeding lambs, $13.60; fat west
ern yearlings, $12.50, average 80 pounds;
feeding lambs and sheep around steady;
54-pound Nevada feeding lambs, $14.25;
heavy - fat ewes, $3.504.50; lighter
weight upward to $7.
Can You Pay?
Has the earning capacity of your property increased
enough within the past year to meet an increased
tax levy and still leave a profit'!
"PROFITABLE management of property is as
much a vocation for trained and experienced
men as successful manufacturing. It requires
time and study. "
Just when you believe you are around the corner from loss
there comes another tax levy, rents decrease, or some other
influence cuts into your property pocketbook..
Pit
INCREASE
n
From tht?
Oreaoniaiv
Oct 18. 1922
SFii
IMS
Total .MilfageAevy.'37.rftr
Taxpayers within the Portland
school district tact the probability
tnat mo levy ar.insi their prop
erty" will to greater the comlhg year
than t was for thl year.' Budget
roquecjts submitted to the tax super
vision and conservation commission
call for Increased' levies to suppori
every tax-lovylns department of
county, tne tax commission Is p
mP 1 '4aas'asSMiiiifli!
s
tn&
Anticipating these fac
tors and knowing how
to analyze and solve their
attendant problems re
, quires training and ex
perience. The increase
in taxes that Portland
faces is only one of the
questions property own
ers must know how to
answer.
Are you trying to an
swer your perplexing
problems alone or do
you have the counsel
and guidance of those
trained to solve themZ
Our organization and its
experience are at your
service. Let us help you.
Strong &l MacNaughton
IM PORTLAND, OREGON
Investment and Property Man'
agers for. Estates and Individuals
Kansas City livestock Market.
KANSAS CITY, Mo., Oct. 20. (U. S.
Department of Agriculture.) Cattle
Receipts, 8000 head; stock calves weak
to lower; early sales $fi7.25; all other
classes active and fully steady with
undertone firm on most kinds; one fancy
load 1588-pound steers at $13.25; looks
unevenly higher; common western grass
ers, $4.70 6.60 ; most cows, $3. 75 5 ;
few, $5.506; many grass heifers, $4.50
6; good fed lots, $7.75; canners gen
erally good medium weights,. $7;, me
dium stock steers, $60.50.
Hogs Receipt, 6000 head; shipper
market steady; packer market steady
to 10c lower with most decline on lights;
150 to 190-pound weights, $8.8064). 05;
bulk desirable 200 to 2tJ0-pound butchers,
$9 9.15; heavy butchers mostly $8.85
9.05; packing sows steady to weak;
bulk, $7.858.25; stock pigs steady,
bulk $8.50(98.75.
Sheep Receipts, 3000 head; killing
classes steady; best lambs, $14.35; clip
ped lambs, $13.15; Colorado ewes, $0.50;
fed Texas wethers, $7.90; feeding lambs,
$13.25.
Omaha Livestock Market.
OMAHA, Oct. 20. (U. S. " Department
of Agriculture.) Cattle Receipts, 1700
head; beef steers strong; few choic
beeves included; early top, $11.10; other
classes mostly steady; feeders slow.
Hogs Receipts, 3000 head; light butch
ers steady; close weak; all other
classes about 10c higher; bulk packing
grades, $88.40; bulk 200 to 300-pound
butchers, $8.759.10;- top, $0.15.
Sheep Receipts. 7600 head; killing
classes steady; western lambs, $18.90(3)
14.20; fed clipped, $13413.10; yearlings,
$10.50; no choice sheep included; feed
ers dull; easier.
Pasco livestock Market.
PASCO UNION STOCK YARDS, Oct.
20. light runs of cattle were reported
with butchers and packers bidding lower
on fat cattle. Stocker cattle heloV steady
to strong with a good demand for any
class of .Uockers or feeders. . Hogs are
steady with ' no receipts to test the
market. Sheep held strong the fore
part of the week but eased off a trifle
on fat sheop the latter part. Breed
ing ewes are still in good demand and
good quality ewes are changing hands
often at long prices.
Cattle Receipts, 172 - head; prime
steers, $66.:j0; good to choice, $5.50
6; common to fair, $4.5035.50; feeder
steers, $5 5.50; choioe cows and heifers,
$44.50; feeder cows, $33.50; feeder
yearlingd, $4 4. 70.
Hogs Receipts, none; prime lights, $10
g)10.50; smooth heavies, $99.50; rough
heavies, $S.8.50; feeder pigs, $9
$10.
Sheep Receipts, 412 head; prime
lambs, $9.5010; good to choice, $8
8.75; fat yearlings, $78; fat ewes,
$4.505.50; feeder lambs, $910; breed
ing ewes, $912 per head.
San Francisco livestock Market.
SAN FRANCISCO, Oct, 20. (Federal
State Livestock Market News Service.)
Cattle Beef steers, good grade, $7.75
8 medium grade, $77.50; common
grade, $66.75; beef, cows, good grade,
$5.75 6 ; medium grade, $5.25 5.50 ;
common grades, $45; canners and cut
ters, $2&S.50; bologna bulls, $2.504.
Calves, 150 to 200 pounds, good and
choice, $88.25; 200 to 250 pounds, good
and choice, $7.50t&8; 250 to 300 pounds,
good and choice, $77.50; over 300
pounds, $5.506.50.
HogS1 Good and chqlce, grain fed Cali
fornias, 150 to 200 pounds, $10.7511;
200 to 250- pounds, $10.4010.75; 250 to
300 pounds, $9.25G9.75; over 300 pounds,
$8.50 9; smooth sows, 250 to S00 pounds,
$77.50; rough sows, 250 to 300 pounds,
$G$6.E0; over 300 pounds, $56.
Sheep and lambs Full pooled lambs,
good and .choice grade, $1212.50; me
dium grade, $11.5012; ewes, medium
and good, $56; wethers, medium and
good, $78.50.
Seattle Livestock Market.
SEATTLE, Oct. 20. Cattle Receipts,
218; market steady; price unchanged.
Hogs Receipts, none; market steady;
prices unchanged.
' Sugar Market.
NEW YORK, Oct. 20. Raw sugar,
centrifugal, 6.53c; refined granulated,
6.75c to 6.90c.
. SAN FRANCISCO, Oct. 20. Call for n la -Hawaiian
raw sugar, 5.53u,
iMPOHTS SHOW INCREASE
DECLIXB IX NATION'S EX
PORT TRADE DISCLOSED.
Total Turnover in Foreign Com
merce, However, Greater
Than Year Ago.
WASHINGTON, D. C, Oct. 20. The
flood of foreign goods which had been
expected in September in anticipation
of th new tariff did not materialize, al
though the nation's combined imports
and e'xports for the month showed an
increase of more than $50,000,000 over
those of September, 1921.
Imports are shown in d,ePaTtment of
commerce figures today to have totaled
$J32.000,000. as against $179,000,000 in
September, 1921. The September figure
was about $50,000,000 under the total for
August and was the smallest monthly
aggregate since last April. ,
Exports for September were valued at
$317,000,000, compared with $324,000,000
in September last year, making the total
turnover ot American foreign commerce
$549.00,000, n increase 'of approximate
ly $50,000,000 over that of September,
1921, but approximately $30,000,000 less
than that of last August. The trade
balance in favor of the United States for
September was $85,000,000, as compared
with $145,570,958 in September, 1921, and
$20,000,000 last August.
For nine months of this year ending
with September, exports were valued at
$2;740.OOO,00O and imports $2,184,000,000.
As compared with the same period In
1921. exports decreased $810,000,000,
while imports increased $311,000,000. For
the nine months of this year the total
trade balance in favor of this country
was $556,000,000, against $1,678,000,000
f jr the corresponding period of 1921.
Imports of gold last month showed a
sharp falling off as compared with the
same month In 1921, the figures being
$29,000,000 and $66,000,000, respectively.
Experts of gold were $1,398,000 last
month, compared with $2,448,000 the
same month in 1921. Imports of silvei
showed a slight increase, the figures be
ing $0,370,000 the last month, as against
$1,488,000 in September, 1921. Exports
were $3,735,000 last month and $4,496,000
in the corresponding period the year be
fore. .For the nine months thia year
silver Imports totaled $53,000,000, as
against $44,000,000 for the same period
In 1921 and exports were $46,000,000 as
compared with $34,000,000 In the nine
months of 1921.
to firm; creamery higher than extras
4747c; creamery extras, 46c; cream
ery, firsts, 37 g45ic; packinig stock
current make No. 2, 2930c.
E-ggs Firm; fresh gathered extra
firsts, 49 54c; do, firsts, 40 48c; Pacific
coast whites extras, 82c; do, firsts to
extra firsts, 70 80c.
Cheese Firm; state whole milk flats
fresh specials, 2526c; do average
run, 2525c; state, whole milk twins
held specials, 25H26c; do average
run, 25c
CHICAGO, Oct. 20. Butter Un
changed.' -Eggs Higher; receipts 4813 cases;
firsts, 3137c; ordinary firsts. 2830c;
miscellaneous, 30(&36c; refrigerator ex
tras, 26c; refrigerator firsts, 26c.
SEATTLE, Oct. 20. Eggs Pullets. 46
42c; others unchanged.
Butter Unchanged.
rPWARD TREND IN COTTON MARKET
With General Demand, Price Close
Higher at New York.
(By Chicago Tribune Leased Wire.)
NEW YORK. Oct. 20. The cotton fu
tures list continued upward today. There
was little feature in early trading, and
movements were within narrow limits,
with professional evening up and Wall
street give and take. The market opened
3 to 15 points net lower, except for Oc
tober, which was up 2 points, and then
rallied under trade buying and support
from shorts. The south was a small
seller. Much of the morning pressure
represented profit-taking by old longs
who thought the 23-cent level for the
time being was the market's high. Gen
eral demand increased steadily, however.
In the latter trading until prices were
about 35 points higher than yesterday's
close. Support was largely week-end
evening up by Wall street abort Inter
ests. Closing prices were around the
high, 28 to 42 points net better.
Spot, steady, 23.45c, 40 points advance
for middling upland. Sales nil.
Soul hern spot .markets were : Galves
ton, 22.95c, 25 points advance; New Or
leans, 22.50c, unchanged; Savannah, ?3c,
25 points advance; Augusta. 23c, 25
points advance; Memphis, 22.25c, un-
changeq; Houston. 1 Ac, 4Q points an
IMPROVEMENT IN TRDE KEEPS UP
Rising Trend of Demand Clearly Indi
catedPrices Stronger.
NEW YORti Oct 20. Dun's Review
tomorrow will say:
"Expectation that the final quarter of
the year would bring a further extension
of business Improvement has been sup
ported by developments during the first
month of the fall season. While irregu
larities have continued in different lines,
with considerable fluctuation In volume
of operations, the rising trend of demand
is clearly maaifest and most wholesale
markets are strengthening steadily.
"Moderate reaction from the higher
price levels for certain commodities, such
as iron and steel, reflects an easing of
the tension, which had resulted from the
paucity of supplies and activity In buy
ing and also is an outcome of the re
covery in manufacture that has followed
the settlement of the coal mining and
railroad labor troubles. Relief from tht
fuel scarcity, which has seriously ham
pered production, has made possible the
resumption of work at many plants
where idleness had been unavoidable, al
though transportation drawbacks still
hinder shipments of merchandise and
tend to prevent Borne transactions which
would otherwise be consummated.
"Weekly bank clearings were $8,513,
400,000." QUOTATIONS ON DAIRY PRODUCTS
Coast and Eastern Markets for Batter,
Cheese and Eggs.
SAN FRANCISCO. Oct 20. CU. S. Bu
reau of Agricultural Economics.) But
ter Extras, 60c; prime firsts, 46c; firsts,
44c.
Eggs Extras, 67 c; extra firsts, nom
inal; extra pullets, 45o; undersized pul
lets. No. 1, 86Hc
Cheese California flat, fancy, 5o,
firsts, 22Ho; California Young America
fancy, ESiio.
NEW. YORE, Pet. 20. putter Steady,
vance; Little Rock, 22.25c, 25 points ad
vance. NEW YORK, Oct. 20. Cotton futures
opened steady; October, 22c; December,
22.98c; January, 22.75c; March, 22.83c;
May, 22.83c.
Futures closed steady; December,
23.42c; January, 23.15c; March. 23.27c;
May; 23.23c; July, 22.99c; October, 23.20c.
Boston Wool Market.
BOSTON; Oct. 20. The Commercial
Bulletin tomorrow will publish wool quo
tations as follows:
Oalifornia, northern, $1.25 1.30; mid
dle counties, $L151.20
Oregon, eastern No. 1 staple, $1.27
1,32; fine and fine medium combing,
$1.151.20; eastern clothing, $1.10( 1.15;
valley, No. 1, $1.12 1.18.
Mohair, best combing, 60G5c; best
carding, 50 55c.
Gii in In Coffee Futures.
NEW YORK, Oct. 20. The market for
coffee closed today at a net advance of
6 to 12 points; October, 9.22c; December,
9.31c; January, 9.26c; March, 9.17; May,
9.04c; July, 8.85c; September, 8.64c.
Spot coffee quiet; Rio 7s, 10c; Santos
4s, 1515-4c. Cost and freight offers
from Santos were unchanged to a shade
lower including 3s and 5s, part bourbon,
13.1S14c.
Cottonseed Oil Market.
Cottonseed oil futures at New York
furnished by Jordyv- Went worth & Co., '
Portland.
October, $8.25(3)3.85; November, $8.55
8.58; December, $S.608.64 ; February,
$8.688.70; March, $8.S2S.E4; April,
$8.858.92; May, $8.ft(38.fiS. Spot bid,
$8.358.39. Total sales, 19.500.
Naval Stores.
SAVANNAH. Oct 20. Turpentine
Strong; $1.551; sales, 150; receipts, 486;
shipments, 418; stock, 12,673.
Rosin Firm; sales, HOG; receipts.
1847; shipments, 3408; stock, 89,198.
Qucte: B, D, E, F, G. H, I. $6.056.07. ; -K,
M. $G 058.1 ; N, $6.006.15; WG,
$G.256.37tt; WW, $7(&7.Q2V6.
Dried Fruit at New York.
NEW YOKK, Oct 20. Evaporated ap
ples quiet; prunes firm, but quiet;
peaches quiet.
Read The Oreeronnia classified ads.
When Real Estate
Takes Wings
Courts arc continually setting aside deeds
for fraud, incompetency, conflicting rights
and many other reasons. Cases are on rec
ord of people who have possessed property
for 60 years, only to be dispossessed by the
legal owners. A secret marriage or an un
discovered heir ma invalidate a title after
generations of possession or scores of
transfers.
Granting that your title may be perfect, a
TITLE INSURANCE POLICY
guarantees your right to enjoy and possess
undisturbed the property you hold. For a
small premium we will guarantee the valid
ity of your title, defend you against lawsuit
and indemnify you against loss. A title in
surance policy is perpetual.
Ask as for further information.
title and Trust
.452 COMPAHYXT'
TOI2 AND TRUST BUILDING- PORTLAND