THE SUNDAY OREGONIAN, PORTLAND, OCTOBER 17, 1920
21
BUTTER MARKET IfJ
WEAK CONDITION
Imports From Abroad Alarm
Dealers Here.
NEW ZEALAND STOCK DUE
Heoord Quantity of Banish Butter
Brought to United States
Under Ixw Tariff.
The butter market is weak and unset
tied at a time of year when strength is
usually the outstanding: feature. Follow
ing to decline of l cent in the buying
price of butterfat. put into effect yes
terday to set the Oregon market In line
with the north, the city creameries have
announced a cut of one cent in prints
tomorrow morning. Parchment wrapped
prints In box lota will sell at 58 cents
and cartons at 59 cents. The drop should
set the retail market at 65 cents, as
against 70 cents now asked in most of the
tores. There was a limited trade in
cubes yesterday with 66 cents asked for
extras.
The closing down of the milk con
6enseriea has had much to do with dis
turbing the butter market and (he ef
forts to unload storage butter have also
been a factor. Another advance element
In the market has been the pressure of
foreign butter. A shipment of New
Zealand butter Is now due at San Fran
Cisco and with the coast market in a more j
or less panicky condition this has also
served to depress values. Danish butter
is being shipped, from the Atlantis sea
board to western markets and there is
a pass! bitty that Argentine butter may
also find its way to the coast in limited
quantities. I
It is not thought that the supply of
Kcw Zealand butter coming will be large
enough to cut Into the consumption of
borne butter, but It is already having
effect on the sensitive market. The
Quantity of Danish butter imported, how-'
ever, has been large enough to have a
decidedly depressing effect on domestic
values. Figures compiled by the United
States Department of Agriculture for
the first seven months of the year show
that imports of foreign butter amounted
to L-1S,'.5,00 pounds, as against 9,519,308
pounds imported in 1919, which up to that
time was the record.
This remarkable increase over last
year Is attributed by foreign marketing
exports of the department's bureau of
markets largely to the foreign exchange
situation. With A merican dollars com
manding a premium throughout the world,
tt is good business for foreign butter
manufacturers to sell their product in
the touted Ktates, where a low tariff
rato imposed. Foreign manufacturers
alo have the advantage of low cargo
rates. Another reason tor the increased
imports is that, whereas Kngland was
formerly Denmark's principal butter out
lot, England can now purchase butter
more cheaply from Australia and Ar
gentina. Ireland also is producing but
ter on a larger scale.
The duty on Imported butter - now is
only cents a pound. Before the Un
derwood tariff law was enacted, importers
were required to pay 6 cents a pound.
Dairymen are looking forward to similar
protection to their industry when the
new republican administration takes over
the reins of government.
BARLEY HIGHER ON MILL INQUIRIES
Bids Are Advanced $3.50 3 at Local
Board Session.
Barley was the strong feature of the
grain market yesterday. This cereal had
been Inactive recently, but a milling de
mand has developed and bids- were raised
barply at the exchange session westerday.
Offers for brewing barley were advanced
$3 and for feed marley $2.50. October
white oats bids were $1 higher than Fri
day. Eastern corn advanced 50 cents.
The country wheat market was reported
quiet and with the east lower, bids on the
local board averaged cheaper. Hard white
was down 3 cents, soft white, white club
and hard winter 5 cents and northern
cpnng 2 cents. Red Walla was the same
aa the day before.
The California state crop report indi
cates a barley production of 7, SIX), 000
bushels, against an estimate a month ago
of -9. 4-3. HM bushels. Oats are figured
at G.OOO.OOO bushels and corn at 3,240,000
bushels.
The wheat outlook In India is bright and
a yield of 114.0O0.000 bushels is expected.
Egypt has bought 1. 400,000 bushels of last
year's crop at a price not discloeed.
The condition of Argentine wheat and
oats continues favorable owing to further
rains.
Broomh&n'a Liverpool cable said: "Corn
futures closed steady to I'd higher. Parcel
market steady. Oats steady to Od higher.
Market steadied by week-end covering
and by the report that all factories are
w ell stocked with coal and have no fear
of the coal strike."
Terminal receipts, in cars, were reported
by the .Merchants Exchange as follows:
Wheat Barley FloTar Oats Hay
Portland
Saturday ... 49
"i ear ago t4
Total tins w'k 373
Year ago lil.'t
frioit'n to dale. 5416
"i ear ago Uo-'O
'i'aooma
Frliiay 30
Tear ago -tS
t-eu'n to date. 2172
1 ear ago 217
eattit
Friday 50
"Year uko 14
8a n to date . 1 7tti
"icar ayo 'kM
. f. . e s
1 37 2 7
5 2." 13 M
1 194 10 3o
63 202 209 459
llW HOI 247 614
1
" 20 "271 "fS 312
52 .... 11 iW3
113 7
101 1 1 1 102 713
124 24S 247 009
rOTAl'O GKOWEKS HOLDING FIRM
Most Farmers Ak $2 for Best Shipping
Mock.
Mot of the Oregon potato growers take
a firm view q( tho market and decline to
ktII good shipping stock under 11.65 (a 2.
The jobbing trade is not brik and street
prices average low. Only a tew cars have
been fihlppi'd south. Demand for Garnets
is expected to develop toon, to be followed
by American Wonders.
Yakima reports very few sales. Netted
Gems have moved at (20.50 & 28, mostly
at J27. Growers are offered 25 for Gems.
Idaho Falls quotes (1 tor Rurals and
$1,104? 115 for Russets to growers. An
embargo has been placed on loading box
cars unlefis heater service Is provided.
CALIFORNIA EGGS COMING NORTH
Car of Fetaluma Ia Kn Route to Port
land; Market Firm.
The egg market was very firm at the
Cloe of the week. Prices are tending
higher and some sellers will quote up to
77 cents for the .best hennery stock. A
car of eggs left Petaluma Wednesday for
Portland.
There was a good supply of poultry on
band and with the demand moderate, the
market was weak.
Country dressed meats were also very
weak, particularly veai. on which 21 cents
was the best price obtainable. Fancy pork
sold at 23 cents.
APPLE MARKETS ARE IRKKCULAR
Weaker Tendency at Eastern Auctioi
Few Sales In Northwest,
Few apple sales were reported at north
wastorn points. Prices realized at Wenat-
i chee were 2.80$3 for extra fancy Deli
cious and 2 for fancy Rome. Yakima
sold extra fancy Jonathans, medium to
large, at $2.35; fancy at $2 and choice at
$1.65; Delicious extra fancy at $2.75, fancy
at $2.40 and choice at S2. Other districts
reported sales of winter Bananas, fancy,
medium to large, at $2.25 and choice $1.90.
The eastern apple markets ranged from
unsettled and weaker to steady. North
weeatern boxed, fruit sold at tho follow
ing prices:
At New York Delicious extra fine, large,
$4.504.75, few 5; small, mostly $4.25;
Jonathans and winter Bananas, extra fine,
medium to large, mostly $3.503.75, few
$4; fancy, all sizes, $3 3.50; C grade,
2. 25 2.50, few $2.75. King Davids, extra
fine, medium to large, $3.253.50, few
$3.75; fancy, all sizes, $2.50&3; few $3.25.
Fancy Gravensteins, medium to large, $2,50
2.75; few $3; small, f2&2.2S.
At Chicago Delicious extra fine, $4.25
6.20; average, ' $4.65. Jonathans, extra
fine, $3.403.G5. King Davids. 2.703.10;
average, $2.75; fancy, $2.55.
At Kansas City Jonathans, extra fancy,
all sizes, $3.50 $3,75.
At Pitts-burg Fancy Jonathans, all sizes,
$33.65; C grade, small, $2.052.85; me
dium, $2.853.10; large, S3.10&3.3O; un
classified Jonathans, small to medium, $2
&2.tf5; large, $-J.753.20.
At Minneapolis Jonathans, extra fancy,
medium to laree. $:t..0: choice, $3.
Bank Clearings. '
Bank clearings of the northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland $6.845, 55 $1,393,220
Seattle ?t ,i2,S2tt 1,379,906
Tacoma 823,327 80,084
Spokane 3,057,92S "72.111
Clearings of Portland, Seattle and Ta
coma for the pat week and. corresponding
week in former years were:
Portland. Seattle. Tacoma.
1920 $45,959.32 $40,765,070 $5,377,717
1919.... 42,356,190 44,323,304 4.769,620
191. ... 41,880,397 53,985,625 4.57,576
1017.... 26,2i0,972 31.649.06 4,581.489
191-6 19.33S.931 19,990,118 2,624.429
1915. .. . 14.595,372 14.311,630 2,039,704
1914.... 1-2,114,063 12,28o,9SS 1.9t2,241
1-913.... 14.951.092 15M78.5M) 2,352.584
1912 12,272.477 12.12i6,557 4.204,629
1911.... 9,86,602 10.890,044 4,891.263;
PORTLAND MARKET QUOTATIONS j
Grain, Floor, Feed, Etc.
Merchants' Exchange, noon session. I
Bid I
Wheat Oct. Nov. Dec. j
Hard white $ 2.1J $ 2.17 $ 2.17 ;
Soft white 2.10 2.10 2.10!
White club 2.12 2.13 2.13 1
Hard winter 2.05 2.05 2.05 !
Nor. spring 2.08 2.08 2.08 !
Red Walla 2.05 2.05 2.03 :
Oats
No, 2 white 45.00 4-4.00 45.00 I
No. 2 gray 42.00 42.00 42.U0 j
Barley 1
Brewing 48.00 48. 0O 47.50!
Standard feed .... 46.50 46.50 46.50 1
Millrun 47.50 44.50 43.00
Corn ' I
No. 3 E. Y. shlpm't 45.25 44.25 43.00 j
No. 3 T. delivery. 45.50 44.50 43.50 ,
FLOUR Family patents, $11.80; baker's ,
hard wheat, $11,50; baker's bluestem pat- I
en-ts. $11.25; valley, $10; whole wheat, 1
$9.80; graham, $9.60.
M1LLFEED Prices f. o. b. mill: Mill- 1
run, $52 per ton; rolled barley, $55 61;
rolJed oats, $53; scratch feed. $75 per ton.
CORN Whole, $61; cracked, $64 per j
ton. , i
HAY Buying prices, f. . b. Portland: 1
Alfalfa. $2$ 24; cheat, $21 22; clover, I
$22; valley timothy, new, $27 28. j
Dairy and Country Produce.
BUTTER Cubes, extras, 56c per lb.; j
prints, parchment wrapped, in box lots, ;
58c per pound; cartons, 59c, half more;
butterfat. No. t, 52 & 53c Per lb. at sta- i
.turns: 57c Portland delivery.
EGGS Buying price, case count, 2
65c: jobbing prices to retailers, candled,
699 70c; selects, 74c.
CHEESE Tillamook, f. o. b. Tillamook:
Trip'ets. 31c; "Young America. 32c.
POULTRY Hens, 1728c; sprfrngs, 25
30c; ducks, 253&c; geese, nominal; tur
keys, nominal.
PORK 'Fancy, 23c per pound.
VEAL Fancy, 21c per pound.
Fruits and Vegetables.
UpPT.ES Delicious, extra fancy. $3.50
(f?4 ; fancy, $3 $3.75; combined fancy and
choice. $2.75(5-3.50; orchard run, $3.25;
Jonathans, .extra fancy. $2.253.75; fancy.
$1.75(3.25; choice, $1.60 2.75; orchard
run. $2 2.35 ; Northern Spy. fancy, $2.40
&"$S: choice, $2.102.60; orchard run, $2.25
(&J2.75. - Rome Beauty, extra fancy, $3.25
&3.50; combined fancy and choice, $2.50
3; orchard run, $2.35. Winter Banana,
extra fancy. $33-75: fancy. $2.753.40;
choice, $2.253; jumble pack. $22.25;
King, orchard run, $1.75 2. Wagner, or
chard run wrapped and packed, $1.40
2.73.
OTHER FRUITS Oranges, $89.25;
lemons. $4.50 5.50 per box; grapefruit, $5
10 per box; bananas, 121213c per
pound; cautaloupes, $2.503 per crate;
watermelons. l2c per pound; peaches,
$22.50 per box; casabas, 23'c per
lb.; grapes, $2.503.50 per crate. 8-S15e per
pound, 35c per basket; pears, $23.50 per
box; huckleberries, 17Vs22c per pound;
cranberries, $5 per box.
VEGETABLES Cabbage, 224c per
pound; lettuce, $22.50 per crate; cucum
bers, 60&85c per dozen ; carrots, $2.25 f
2.50 per sack; garlic, 30c; tomatoes. $2S
2.25 per lug; beets, $2.50 por sack; turnips,
$3 per sack; eggplant. 9H124c per pound;
green corn. 25(J30c per dozen; cauliflower,
$ 1.75 3 per dozen; celery, 75c iff $ 1.10 per
dozen ; green peppers, 10 isac per
pound.
POTATOES Oregon. $1.752.50 per 100
pounds; Yakima, $2.25; sweet potatoes,
5c per pound.
ONIONS Qregon yellow. $t.75g?2.25 per
sack; California brown, $2 2.25 per sack;
pickling, b(&10c per pound.
Staple Groceries.
Tral ,1otlng quotations:
SUGAR- Sack basis: Cane, granulated.
12c per pound; beet sugar, 11 :80c per
pound.
HONEY New. $7.508 per case.
NUTS Walnuts. 22??3Sc; Brazil nuts,
35c; filberts. 30 p 33c; almonds, 35c; pea
nuts. 14ST cocoenuts, $2.50 per dozen.
RICE Blue Rose. lic per pound.
BEANS Small white, 6-r7c; large white.
6ic: pink, 7c; lima, 10Hc per pound;
bayous, lie.
COFFEE Roasted in drums, 25 40c per
pound.
Provision s.
Local jobTtinsr quotation:
HAMS All sizes, 4319 46c: skinned, 42
Sc: picnics. 27c; cottage roU. 35c.
LARD Tierce basis, 27Hc; shortening,
20 A c per pound.
u K 1 hali Mion. ciear oacks, 2030c
per pound; plates, 22c.
BACON Fancy, 40&56c; standard, 33
44c per pound.
Wool, Carrara. "Ktc.
MOTTATR Long staple. 2"c per pound;
short startle. 15c per pound.
TALLOW No. 1, 8c per pound; No. 2,
3c per pound.
CAflCARA BARK Per pou-nd. gross
weiirnt, ola peel, isc; new peel, S4c per
pound.
WOOL All grades nominal,
pound.
HOPS-Oregon, 1920 crop, 40c per
pounu.
Oils.
LTNSTrT:r OTL Raw. barrels, $1.34:
drums, tt.41: cases. $1.49. Boiled, barrels.
1 flr'jms, i.4; cases 1.51.
TURPENTINE Tanks. $1.81: rases. $1 96,
COAL OIL Tank wseons and Iron bar
rels. T 7 H f - cases. 30w37e.
FUEL OTL Bulk, $2.33 per barrel.
GASOLINE Tank wagons and iron bar
rels, 29c ; cases. 41 c.
Rides and Pelts.
All prices nominal, owing "to unsettled
condition or eastern markets.
Coffe at Six-Cent Level.
VFTW YORK. Oct. H. The market for
coffee futures opened at a decline of 10
to 23 points in remnrvse to low-er cable
from Brazil and further liquidation. Ther
appeared to e a better demand around
trie -cent level Tor Decemher. however.
an-1 after selling at that figure the price
rallied to ft 25c on covering, white some
trade or investment buving was s4.o re
ported during- the morning- Closing prices
were net 3 points lower- to 2 rolnts higher.
October December 6.22c. Jamiarv 6 4Sc
March ft.flTr May 7.24c. July 7.32c, Sep
terrrer 7 7?c3
Snot eoffe was reported !n light de
mand at GHc for Rio 7s and llll3ic
ipr canios is.
Naval Stores.
SAVANNAH. Ga.. Oct. 18. Turpentine,
firm. $l.nT 1.1ft-. sns MSB barre's. re
ceipts 2TO barrels, " shipments 7 barrels,
stock 21.326 barrels.
Rosin, firm: sales 58 barrels, receipts
797 barrels, shipments 40 barrels, stock
49.68 barrels. Quote: "B. D. E, F G H
I. K, M. N. WG, $109O: WW. $11. '
'fw Tork Sugar Market.
NEW YORK. Oct. 16. Raw sugar, firm;
refilled, steady and unchanged.
Cotton Market.
NEW YORK. Oct. 16. Cotton, spot,
quiet; middling, 21c
STOCK MARKET REACTS
SELLING OF INDUSTRIALS AXD
SPECIALTIES IS FEATURE.
General List Is Heavy at Close of
Session Liberty Bonds Are
Steady to Firm.
KEW TORJC, Oct. 1. Stocks eptwA j
j . p, 1 iuur, uul iwior, iu siivri
session had half run its cours .ellipg
of the Industrials and . specialties caused
a general reversal, with heaviness at the
close. ,
The first and second iweferred issues of
the Reading road materially augmented
their gains but littl. was heft of this ad
vantage in the finaa dealings, although
short covering helped to reduce some of
the more se-vere losses.
Steels, equipments, oils and shippings
were the centers of weakness at extreme
declines of 1 to 3 poinu. a few special
ties sustaining even greater losses. Trad
ing was light, sales barely totaling 235.
000 shares.
Apart from the serious situation created
by the strike of the British miners, which
again served to depress exchange on Lon
don, domestic advices stressed increasingly
DacKwara conditions in many lines. esDe-
cia.ly the textile trade.
Clearing house banks continued to ex
pand their loans and discounts, this being
foreshadowed by the week's heavv trannfor
of funds. Loans Increased by slightly
more than 42,000,000. lifting the tola!
.to tne new high record of l5.495.S65.Ort0.
Reserves fell off by almost 10.OO0.0O0.
leaving a liberal excess. however. as
against the largo deficit of the previous
.fortnight.
In tho bond market litertv bond were
steady to firm with nAinfnttl r-h. nn- in
.other domestic and foreign bonds. Total
saies, par value. X8.6.jO ooo rv.rt Tinitl
.States bonds were unchanged on call.
CLOSING STOCK QUOTATIONS.
Last
Sales. High. Low. sale.
100 7S14 73 73 tt
100 331 33 33
400 135 13414 134 tt
300 61 60 60
3)0 73tt 7?1 73tt
2.300 9ai B5i 9554
1.S0O 60 6!)
1.000 103T4 102 . 103
31)0 S9 8Stt 8Stt
300 1 00 1 00 100
1O0 131 130 130-54
2O0 74 Vi 71 71
1.S00 50 4 4!5i 50
8O0 8S--S Stt 884
300 144 tt 144 4 144".
11.700 1157, 114tt .1149,
2,500 4 4S .8
2rto 16 tt 16tt
l.lOO 1267, 126 "4 12tt
l,0lO 42 4ltt 42
1.5O0 85 84 tt 84 tt
5O0 6Stt 67 Vi 67 Vi
2,900 44 Vi 43 43
100 82 tt 82 tt 82 tt
500 39 4 38 39
3O0 24 24 tt 24 tt
200 S4 -4 34 4 34 tt
300 84 84 tt 84 tt
2,300 131 129 12tt
2..S00 3.1 32 33 '4
2.5O0 19 IStt 1S
100 140'i 140 140V.
2,200 IStt 18 18
1,500 89 RS 8JS
20O 34 34 34
100 93 95 95
400 . 43 43 43
5O0 17 17 17
2,000 25 25 tt 25 tt
500 22 22 tt 22
9.700 192 lSOtt 190
5.700 1 5 14 14tt
1.10O 3KS4 38 38 14
1,100 28V4 28 28
1.100 82 tt 81 82
1.600 34 tt 34 34
100 loo 100 110
2,400 91 90 90
I IO 42 42 42 tt
8.100 90V4 SSV4 88
l.SOO 43 43 43
800 37 37 37 tt
2O0 14 14 14
17.10O 9P4 9T 9S
1.0O0 77tt 77 77
4.700 SOtt 70 7!l
l.lOO 48 48t 4
1,600 32 31 tt 31
5.900 100 90 100
4.2O0 32 31 31
200 105 105 '4 105
1,500 08 57 58
3.000 51 50 S0'4
2.6O0 21 19 21
1.4O0 67 66 67
60O 12tt 12 12
1,400 127 tt 127 127
400 49 49tt 49
SO0 85 83 85
4.200 74 71 72
1.7O0 ' 77 7 77
10.3OO 88 87 tt 87
200 108 108 108
6(H) 57 57 57
300 15 15 15tt
2.40O 11 11 11 tt
Am Beet Sugar
American Lan
Am Car & Fdv
Am H & L Pfd
Am Inter Corp
American Loco
Am Smt & Rfg
Americn Sugar
Am Sum Tobac
Am Tel &. Tel
Am Tob Sec
Amer Woolen
Anaconda Cop
Atchison . .
Atl G & W "In
Baldwin Loco.
Rail I & Ohio
But A Sun Con
Canada Pacific
Centrl Leather
Chandler Mtrs
I hes & Ohio. .
Chi Mi! & St P
Chica & N W
Chi R I Pac
Chino Copper..
COiO r I & Iron
Corn Products
Crucible Steel. .
Cuba Cane Sug
Erie
Generl Electric
General Motors
Grt North Pfd
Grt No Or ctfs
Illinois Centrl
Inspir Copper
Interna Nickel
Kan Cty South
Kenne Copper
Mex Petroleum
Mid States Oil
M Id-vale Steel
Missouri Pow..
N" Y Central. .
N Y N H & H
Nor & Western
Northern Pac. .
Pac Tel S: Tel
Pan-Am Petrol
Pennsylvania. .
Pitts & W Va
Ray Con Cop
Reading
Rop Ir & Steel
Royal D N Y
Shell Tr & Td
Sin Oil & Rfg
Southern Pac
Southern Ry. .
S O N J Pfd . .
Stude Corpor
Texas Co
Texas & Pacl.
Tobacco Prdts
Transcontf Oil
union Pacific..
U S Fd Prdts
U S Ind Alco
V S Rtl Stores
U S Rubber..
U S Steel
U S Steel Pfd
1'tah Copper..
West Electric
Wlllys-Overld.
BONDS.
U S Lib 3.s. ..92.4;A T T cv
96
do 1st 4s
.89.50iAtch Ken 4s..
77 tt
do 2d 4s
.80.20 U & R G con 4s 67
do 1st 44s.
.S9.70 N Y C deb 6s. 92
do 2d 4 Vis. . .89.56 NT P 4s 78Vi
do 3d 4 '4s. . ,!)0.8o: p ;js a
do 4th 4s. ..89.52'Pac T & T 5s 85
Victory 3s ,..8.18Pa con 4s 90
do 4s 96.14:S P cv 5s 102
U S 2s rg lOHiSo Ry 5s 8914
do coupon .."101 ju P 4S 81
U S 4s reg 105!u.S Steel 5s 94
do coupon ..'lOStt r "
Pan 3s reg 78 I :
do coupon . ..78 I Bid.
Mining Stocks at Boston.
BOSTON. Oct. 16. Closing quotations:
Allouez . 23 Mohawk 66
Ariz Com 8 tt North Butte ... 13U.
Calu & Ariz. . . . 55 Old Dom .... ' tt
Calu & Hecla. .255 Osceola 31
Centennial .... 8lQuincv 42
Cop Range ... 33 tt Superior rz
East Butte ... 10 iShannon 1
Franklin - 2lTtah Con 6
Isle Royalle ... 23 Wolverine 12
Lake Copper... 2ttl
Money and Silver.
NEW YORK, Oct. 16. Prime mercantile
paper, unchanged.
Bar silver, domestic, unchanged; foreign,
8114 c.
Mexican dollars. 62c.
LONDON. Oct. 16. Bar silver. 53d' per
ounce.
Money, 4 per cent.
, Discount, unchanged.
Foreign Exchange Rates.
Foreign exchange rates, at close of busi
ness yesterday, furnished by Northwestern
National bank of Portland. The amount
quoted Is the equivalent in United States
dollars.
Country Foreign Unit. Rate.
Austria Kronen $ 0037
Belgium Francs 0HS8
Bulgaria Leva 0130
Czecho-Slovakia. . . . .Kronen 0123
Denmark . Kroner . . !l30
England Pounds sterling 3 4rt
Finland .Finmark .0263
France ......Francs 0654
Germany...... Marks 0145
Greece Drachmas 0974
Holland ....... J. ... Suilders ....... .3090
Hungary .Kronen ........ .0028
Italy Lire .0392
Jugo-Slavia Kronen ........ iooS2
Norway Kroner .137s
Portugal JCscudos 1620
Roumania ....Lei .0180
Serbia Dinara !o328
Spain Pesetas 1435
Sweden Kroner 1970
Switzerland Francs 1590
China Hongkong. . -Local currency.. .7115
Shanghai. .. Taels 1.03.1
Japan Yen 5150
Poland Polish Marcs... .0039
NEW YORK, Oct. 16. Exchange irregu
lar. Sterling, demand $3.46; cables,
$.3.46. Francs, demand 6.49: cables, 6.50;
Belgian francs, demand. 6.87: cables, 6.89!
Guilders. demand. 30.82; cables, 30.92.
Lire, demand. 3.90: cables. 3.92. Marks',
demand. 1.42c; cables, 1.43c. Greece de
mand. 9.60c.
New York exchange on Montreal, 9
per cent discount.
Foreign Bonds.
Furnished by Overbeck &. Cook company
of Portland.
Bid.
Russian 5s, 1921 22
Ask.
25
21
28
117
57
48
68
29
346
346
345
270
240
66 14
67 tt
10 '4
Wtt
16tt
16
17
IStt
IB '4
IStt
18
57
74 tt
74
94
98
95
85 tt
88 tt
Russian, 5tts, 1926 19
Russian 6tts, 1919 24
Currency ..........112
French 3s. 1931 56".
French 4s, 1917 46
French 5s, 1920 66
Italian 5s, 1918 26
British 5s. 1922 323
British 5s. 1927 323
British 5s. 1929 323
British vky 4s 250
British ref 4s 230
Belgium rest 5s..... 62
Belgium prem 5s 64 V
German W. L. 5s 14
Berlin 4s 13
Hamburg 4s - 14
Hamburg 4tts ............... 15
Leipsig 4tts 14
Leipsig 5s 16
Munich 4s 14
tt
tt
Munich 5s 16
tt
Frankfort 4s 15
Jap 4s .................
Jap 1st 4tts
Jap 2d 4s
Paris sixes .............
U K 5s. 1921
U K 5tts, 1922
U K 5s. 1929
U K 5tts, 1937
57
74
74
94
98
95
85
88
Decrease In Excess Reserves.
NEW YORK. Oct. 1. The actual con
dition of clearing hotue banks ana trust
companies for the week shows that they
hold X23,2S,020 reserves in excess of legal
requirements; a decrease of S9. 813,990 from
last week.
GOLD RESERVES LESS FOR WEEK
Decrease of S4 .250,000 Reported by Federal
Board.
"WASHINGTON, Oct. - 16. Ths condition
of the 12 federal reserve banks was as
follows at the close of business October 15:
Resources.
Gold and gold certificates....! 192,409,000
Gold settlement fund, federal
reserve board 381,753,000
Gold with foreign agencies... 87,01,000
Total gold held by' banks. . 661.273,000
Gold with federal reserve
.agents 11.169,038.000
Gold redemption fund 161,790,000
Total gold reserves $1,992,101,000
Legal tender notes, silver, etc. 1G2.S10.OWO
Total reserves $2,154,911,000
Bills discounted, secured by
f-overnment war obligations $1,192,810,000
is discounted, all other. . 1, 581.060.000
Bills bought in open market 319,520,000
Total bills on hand $3,093,390,000
United States gov. bonds. ...$ 26.856. OoO
United States victory notes.. 63,000
United States certificates of
indebtedness 301,661,000
Total earning assets
. .$3,421,976,000
Bank premises $
uncollected items and other
deductions from gro&a de
posits Five per cent redemption fund
against federal reserve bank
notes
All other resources ........
993,488,000
T2. 158,000
12,951.000
Total resources $6,610,250,000
Liabilities.
Capital paid in $ 97.954,000
Surplus 164.745,000
Government deposit 13,975,000
Due to members reserve ac
count 1.R68. 016,000
Deterred availability Items... 77-6.SS7.000
Other deposits. Including for-
' eign government credits.... 83,740,000
Total gross deposits $2,692,618,000
Federal reserve notes in actual
circulation $3,353,271,000
Federal bank notes in circu
lation, net liability 213.533,000
All other liabilities 88.489,000
Total liabilities $6,610,230,000
Ratio of total reserves to net deposits
and federal reserve note liabilities com
bined, 42.7 per cent.
Ratio of gold reserves to federal reserve
notes in circulation, after setting aside 35
per cent against deposit liabilities, 46.6
per cent.
Record Production of Coast Oil.
SAN FRANCISCO, Oct. 16. September
production of all oil companies in Cali
fornia of 304,340 barrels a day established
a record- figure for the state, according
to - a statement given out here today by
the Standard Oil company of California. -
CREDIT SITUATION HAS IMPROVED
Long Period of Contraction May Be Draw-
ingto End.
NEW YORK, Oct. 16. The week in the
financial market was replete with Inter
esting events which included payment
of most of the outstanding balances of the
Anglo-French $500,000,000 loan and strong
investment inquiry for new capital issues
approximating $100,000,000.
No less Important in their bearing on
the immediate future of the -securities
market were the many surface indica
tions that the prolonged period of credit
contraction is approaching a natural con
clusion. It is almost a , year since the
federal reserve board began to put the
brakes on speculation by steady with
drawal of funds for non-essential pur
poses. That period has witnessed a
drastic revision of commodity prices and
reduction of loans with Inestimable bene
fit, it is claimed, to finance and industry.
Further price-cutting and a strength
ening of the investment situation con
tinue hand in hand, taking this week's
bond market as a criterion. Dealers re
ported a marked increase in private or
unrecorded sales of high-grade bonds on
an ascending scale.
In the stock market, rails again were
dominant issues. The devious course of
favorite industrials was generally as
cribed to the many uncertainties which
continue to beset the steel and iron trade;
likewise copper, textile, leather and kin
dred raw and finished materials.
The reactionary trend of foreign ex
change was governed chiefly by the mors
ominous aspects of industrial conditions
in the British isles.
Swift & Co, Storks. -
Closing prices of Swift & Co. stocks at
Chicago were reported by Overbeck
Cooke Co. of Portland as follows;
Swift & Co 106tt
Swift International 29
Libby. McNeil & Libby 12
National Leather 9
LIVESTOCK IS STEADY AT CLOSE
Only One Load Received at Yards on
Last Day of Week.
The livestock market closed quiet with
out change in prices. Receipts were small,
only 3 head of cattle and 65 hogs being
unloaded. The sales were:
Wgt. Price! Wgt. Price.
8 hogs.. 180 $17.50 6 hogs. . . 173 15.50
2hogs.. 415 15.50 7 hogs. . . 218 17.50
9 hogs.. 161 17.50 1 hog . 140 15.50
22 hogs.. 213 17.50 2 hogs. . . 130 15.00
The origin of the receipts at the yards
last month was as follows:
Cattle. Calves. Hogs. Sheep.
Oregon 9.641 708 8,494 24.168
Idaho 1.222 314 941 1,781
Washington .. 2C.9 996 6,051
Montana ..... 78 135
California .... 94
Nebraska 1,507
Total 11.304 1.022 11.938 82.135
The following are livestock quotations at
the Portland Union stockyards:
Choice grass steers ...$ 9.00f810.00
Good to choice steers
Medium to good steers
Fair to good steers
Common to fair steers
Choico cows and heifers
fjood to choice (own, heifers..
-T'air to medium cows, heifers.
Canners
Bulls
Choice dairy calves ..........
Prime light calves ...........
Medium light calves ........
Heavy calves
8.00(0, 9.00
7.00 H 8.00
6.25 W 7.00
5.75 iS 8.25
6.25 f 7.50
3.75 4.75
2.75 3.75
5.00 a 6.00
13.00015.00
1 1.50 ft 13.00
9.00 & 11.00
7.00,' s.oo
Best feeders 6.501 6.50
nogs
Prime mixed ..........
Medium mixed
Smooth heavy
Rough heavy
Pigs
Sheep
East of mountain lambs.
17.0O17.C0
10.50 rii 17.00
16.50 & 17.00
1S.OO15.50
12.00 & 16.00
9.0010.00
Valley lambs 8.00 lit 9.00
Feeder lambs 8.00(9 9.50
Cull lambs 5.00i 7.50
Yearlings 6.00 fS 7.50
Wethers 6.00 ft) 6.50
Ewes jj. . . 2.25 6.00
Chicago Livestock Market.
CHICAGO. Oct. 16. Cattle Receipts.
3000. Compared with a week ago, choice
steers 15 to 25 cents lower; other steers
and butcher cattle unevenly $1 to $1.50
lower; canners ana nuns, 25 cents lower;
calves. $1.60 to $2 lower; best westerns.
about steady; others mostly 60 -to 75 cents
lower.
Hogs Receipts. oOOO. Mostly steady to
10 cents lower man yesterday s average
closing weak on hogs weighing 180 pounds
and down; top, $15.90: bulk light and
butcners, i-.u d? 10.00; duik packing sows.
tl.OOH3 i.o.i , tiiga, mosciy 2a cents lower
bulk desirable kinds, $14.50 i 14.75.
Sheep Receipts, 6000. Fat lambs clns
ing 25 to 40 cents lower than a week ago;
agea lac sneep ana yearlings, steady
feeding and breeding stock, steady.
Kansas City Livestock Market.
KANSAS CITY. Oct. 16. Cattle. KJU1
market for week: Fed steers . steadv to
strong; grassera weak to 50c lower; she
stock uneven but mostly steady; canners
and Dulls steaay; vealers ooc to 75c lower;
otner calves mostly it to sl.'oO lower:
feeders steady- to strong; common stock
weaK; stocK caives unevenly lower.
Sheep, no receipts. Market for week;
sneep ac nigner; yearlings &oc to 75c
higher; xat ana leeaing lambs 50c higher.
Omaha Livestock Market.
OMAHA. Oct. 16. Hogs Receipts. 750O.
steady to strong. No choice butchers here;
duik ox saie. Ho. top. X14.6O.
Cattle Receipts. SOO, market compared
with week ago: Feed steers steady to 25c
lower; grass and range steers mostly 25c
higher; she-stock 25c to 50c higher; bulls
and veals steady; stackers and feeders, 25c
to 50c higher.
Sheep Receipts, 40O, market compared
with week ago; lambs steady; sheep, 25c
to 50c higher; feeding lambs 25c to 75c
higher. . .
Seattle Livestock Market.
SEATTLE. Oct. 16. Hogs Receipts,
none: firm: prime, $17.5018; medium to
choice. $16.50 17.50: smooth heavies.
$15.5016; rough heavies. $13.50314;
pigs, $13.50 14.
Cattle Receipts, 100. Steady. Prime
steers. $9.5010: medium to choice, $S
9; common to good. $67.50; best cows
and heifers. $7.15?7.75: medium tochoice,
$6r7; common to good. $4.5l6; bulls.
$4 6 5: calves, $7015.
WHEAT LOSES SIX CENTS
CHICAGO 3IARKET FOUND IN
OVEBBOCGHT COXDITIOX.
Buyers of Friday Turn to Selling
Side Talk, of Federal Inves-'
ligation. Is Forgotten.
CHICAGO, Oct. 16. Yesterday's bull
raid placed the grain market in an over
bought condition today and the attempt by
longs to even up uncovered this fact. Buy
ing orders were Insufficient to absorb of
ferings, which came mostly from longs
and partly from hedgers in wheat. Wheat
finished 4 to 6 cents lower, with De
cember $2.18 to $2.13 and March $2.07
to $2.07 tt. Corn was unchanged to lc
lower. Oats were off c to c and pro
visions ranged from unchanged to 75 cents
down.
Talk of investigation of charges on which
Governor Allen of Kansas called for an
embargo against imports of wheat from
Canada and which affected wheat prices,
yesterday when word was received that
President Wilson had taken up the matter.
seemed to have been forgotten and the
market was under pressure. Leading buy
ers of yesterday were on the selling side
today.
Com was firm early, but broke sharply.
Oats followed other grains.
Provisions were unsettled.
The Chicago market letter received yes
terday by Overbeds A Cooke company of
Portland said:
Wheat The main influence in the wheat
market today was the fear of a coal
strike in England. Cable advices, how
ever, indicated a probable settlement of
the dispute Monday. Country advices in
dicate that yesterday's advance resulted
tn liberal sales from the farms. There
were no export sales today, and seldom
any on Saturdaya The general situa
tion regarding wheat, as a result of the
week's developments, is favorable for bet
ter prices. Supplies are not burdensome,
even including Canadian offerings. The
export demand is fully equal to offerings,
and until stocks at market centers increase
materially or the export demand slackens
materially, we can see nothing to war
rant any sustained decline, and many
causes that may advance prices sharply.
Corn Developed indifferent strength to
ward the close of the week. Sentiment,
while bearish, is much more conservative.
The general view of the trade in that
after such a severe decline prices are low
enough.- Receipts are falling off; farmers
will be busy harvesting; eastern shipping
demand is improving, and we are now
selling corn for export and underselling
Argentina. This is a. much Improved situ
ation and may easil) result in a sharp
reaction In prices.
Oats Burdensome supplies of oats, both
in Canada and here, and a lack of de
mand Is not conducive to higher prices,
but we think the market will be guided
to a certain extent by the action of corn.
Rye Futures met with reliable buying
support early, but tne orean m
ritKoftiirno'eri' buyers. and tne marufi
dropped sharply later on limited offeringa
Cash rye was relatively steady, with sales
of No. 1 at $1.75. or 8 cents' over Decem
ber. Cash rye did not breaK wnn luiure.
and sales at $1.75 late showed 8S9J
cents over December.
Provisions Ruled wean arter opening,
offerings were fairly liberal, with but light
support. Grain weakness had a depress
ing effect; volume 01 traao a ei
packers doing little.
Leading lumres ' " 1 1 .. - -
WHEAT.
Open. High. Low. Close.
Mar 2.10tt 2.15 2.06 2.07
CORN.
Dec 89 .90 .Sjtt ."tt
May. . -
.93 Vi .iVa ."A
OATS.
Dee 57 .67 .66 .66tt
May 62 .. -.62 .oa .bltt
MESS PORK.
Oct 25.50 25.00 25.00
Nov 25.50 25.50 25.25 25.25
LARD.
Nov 20.30
Jan 17.45 17.50 17.22 17.22
SHORT RIBS.
Oct 17.00 17.00
Jan 15.55 15.55 15.30 15.30
Cash prices were aa rollows:
Wheat No. 2 hard. $2.22.
Corn No. 2 mixed. U4(S94c; No. 2
yellow, 95g)96c.
oats no. z wnite, oottu'txc: iso. a
white, 55c.
Rye NO. 2, 51. 7ft.
Barley 94cr$1.06. '
Timothy peed $56.S0.
We Own and Offer
Sears. Roebuck & Co.
7 Gold Notes
Due Serially, 1921 to 1923
Price to Yield
This firm is the largest .mail
order house in the world.
Anaconda
Copper Mining Co.
7 Gold Bonds
Dne October 1, 1029
PricetoYield:y5a
Average annual earnings for past
5 years have been $26,000,000.
Wisconsin
Electric Power Co.
7H Cold Bonds
Dae October 15, 1S4S
Price to Yield:
This issue is secured by first
mortgage lien on entire property.
Principal and interest guaranteed
by Milwaukee Electric Railway
and Light Co.
Province of
British Columbia
Gco Gold Bonds
Dne October 1. 1925
PricetoYield:J14
Argentine Government
4 External Sterling
Loans
Dne 1952-1956
Price: $445 per 200 Bond
At present rate of exchange day
to day yield may be obtained of
6 with possible increase in
principal of approximately
120 ,
Write or Call for Details
E.LDevereaux&Co.
INVESTMENT BOND
87 Sixth St.
Ground Floor Wells-Fargo Bldg.
Portland Oregon
TeL-Bdwy. 1042
765
Clover seed $12920.
Pork Nominal. ,
Lard $20.75. ,1
Ribs $1718.50.
Minneapolis Grain Market.
MINNEAPOLIS, Oct. 16. Cash wheat!
closed: No. 1 dark northern. $2.2-4
2.KSH: No. 2, 2.19H 2.ii8tt ; No. 3. 2.0"4 j
No. 1 northern. 2.21 i 2.24 ; '
No. 2, 2.14&2.19H; No. 3. !.'i2.1i;
No. 1 red spring, 2.14 H 2.19 ; No. 2.
2.ft9H 2.14H : No. 3, 2.04 2.09H: No. 1,
bard Montana, K14KH2.19H; No. 1
Durum, $2.066.2.11.
Corn No. 3 yellow, 90991c; No. 4.
T88ftc; No. S, SCWSTc: No. 3 mixed. I
8SS90c: No. 4. 86 Sc: No. 5. 4G86c.
Oats No. 3 white, 5132; No. S. !
5051.
Barley Choice to fancy, 90 95c
Bye No. 2, Sl.703fcei.TlK.
Flax $2.T72-7.
Wheat futures closed: December, $2.14H:
March. $2.11 K.
Dnlnth Grain Market.
DTJLTJTH. Oct. 16. Winter wheat closed
December, $2.15H. March, $2.11; Decem
ber Durum wheat, $2.11; spring wheat,
$2.16.
Rye October, $1.74; December, $1.85.
Flax October, $2.84; December, $2.ST.
St. Louis Grain Market.
ST. LOUIS. Oct. 16. Wheat closed: De
cember, $2.13H: March. $2.07.
Corn December, S7(4c: May. 8114c
Oats Decem-ber. 57c: May, 62c
Grain at Kansas City.
KANSAS CTTY. Oct. 16. Wheat closed:
December. $2.07; March, $2.03.
Oats May, 6u"c; December. 56c
Corn May,
Winnipeg: Wheat futures. '
WINNIPEG, Oct. 16. Wheat closed
October, $2.37; November, $2.3tK ; Decem
ber, $2.13. '
London Oats Market.
LONDON, Oct. 16. American clipped
oats, unchanged; market in United King
dom is quiet.
New Tork Cash Wheat.
NEW TORK. Oct. 16. Cash wheat, $2.41.
Grain at San Francisco.
SAN FRANCISCO. Oct. 1. Wheat.
$.1.603.65: barley. 2. 10412.15; oats, $2.40
e.2.65; corn. Egyptian. $2.S02.S0; Cali
fornia red mill, $2.5Ogj;2.60.
Hay Fancy wheat. $J62: tame oat,
$2325: wild oat, $17019; barley, $17 4
20; alfalfa, $22&23; straw, $1415.
Seattle Grain Market.
SEATTLE. Wash.. Oct. 16. Wheat
Hard white. $2.15: soft white and northern
spring, $2.12; white club and hard winter,
$2.14: red Walla, $2; Eastern Walla. $2.10:
red winter, $2.12; Bis Bend bluestem,
$2 33.
Feed Scratch feed, $79 ton; feed wheat,
$S5; all-grain chop, $67; oats, $58: sprout
ing oats, $6:1; rolled oats. $tiO; whole corn.
$t5; cracked corn. $67; rolled barley, $62;
clipped hurley. $7.
Hay Alfalfa. $30 ton: double compressed
alfalfa. $36; do timothy, $42; eastern
Washington mixed, $36.
SAX FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO, Oct. 16. Dairy pro
duce exchange closed.
Vegetables Eggplant, 50e75c; summer
squash. $11.50; potatoes, river white, $2.40
&2.60; sweets, 2 4 34: onions, yellow,
90c$l; Australian brown, $11.25; white,
$1.5&2: green onionB, $1.752; beans.
3&5c; lima, 9ilOc; bell peppers. 7590c:
tomatoes, 75c&$1; cucumbers, $1.50&2;
celery, $3.504.5O crate; green corn, $2
2.50; cauliflower, $1 dozen; cabbage, lc
pound; beets, carrots, turnips, $1.5t&1.75
sack; peas, 12Hc.
Poultry Hens, large, colored, 3740c:
small, 32&35c; White Leghorn, large, 30
3t32c: small, 2730c: strictly young roos
ters. 38S41c: old, 2224c; fryers, 3840c:
broilers. 50Se5c; ducks, 2730c; old
pigeons. $3$ 3.50; squabs, 65 75c; Bel
gian hares, live, 203y22c. j
Fruit Strawberries. $101.50: canta
loupes, $1.50i2: Valencia oranges. $6&8;
lemons, $2.u04.5O; grapefruit, $3ff4.oO;
peaches, $2.253.25: plums and prunes.
$2 2.50; pears, Bartlett,. $3.50 4.50;
grapes, seedless, $3&3.25; apples. Bell
flower, $1.5061.64; bananas, 104 11c; cran
berries. $13.50014.
Receipts Flour. 2784 quarters; wheat.
800 centals; barley, 1670 centals; oats,
2383 centals; beans, 1251 sacks; corn, 1600
centals: potatoes, 3620 sacks; onions. 800
sacks; livestock, 5S head.
Buy
an
Incomm
Month
by
Month
(fr Is Your Money
Earning 0ver8?
If your money is not earn
ing 8 or more, you should
not miss the opportunity
now presented to secure that
return through purchase of
the shares oi some of Amer
ica's soundest dividend-paying
corporations.
This abnormal yield is
brought about by the de
cline which has occurred in
the stock market, due to in
dustrial deflation, but inas
much as the securities we
have in mind are bound to
advance to levels more in
keeping with their intrinsic
worth when the market
turns, the present opportun
ity should be taken advan
tage of immediately.
A circular we have just pub
lished outlines the one best se
lection Jn the railroad, equip
ment, food, oil, tobacco, and
copper Rxoups, and this circu
lar with booklet explaining Tho
Ten Payment Plan will be sent
without obligation.
Ask for PG-53
E. M. Fuller & Co.
tnlm of
Cessolidaud btosk Kxehaag at M. T.
SO Bread St-, Hmw York.
Nsw York Newarl dsrsaad
Chicago Bostoa
(Dirtet rVtvars Wtrtt
NEW ISSUE
We offer our allotment of:
Sears, Roebuck
& Company
1 to 3-year 7 Gold Notes
to yield
7-60 to 7-85
Company pays 2 Normal
Income Tax.
$100 $5O0 $1000
Wire orders "collect."
,HooCS Maim 646
-MOATHVESTEJiM BANK BLOG
fill
4
c.xempt t rom All Dominion
Government Taxation
We offer subject to prior sale and change in price
The Unsold Portion, City of
EDMONTON
Province
faeneral Obligation 6
FINANCIAL.
, . " " " ..moiiui: ................................. .ino.ovd, f l ..'!
alue Municipal Property (not Including Public Utilities).. 11.035.37(1.00
.ross assessed valuation
Net Debenture Debt 9 48S 907.00
Revenue from Public Utilities (above cost of operation).... 767. 773. OO
Net Local Improvement Debt (rate payers' share) S. 004.703. 00
In addition to being General Obligation Notes, these
are secured by long-time debentures totaling $2,594,420
Edmonton is a bustling city ef 80.000 to 70.000 population and the
capital and financial center of the Province of Alberta. Edmonton is-also
the great railway and distributing center between Winnipeg and the Pacifie
Coast. Three transcontinental railroads, their branches, and local lines
bring the products of the great tributary country to Edmonton for further
distribution and shipment. Into Edmonton's business enterprises and
financial institutions pour the profits from these products.
Prices Subject to Increase Without Notice
DATED SEPTEMBER 1. 1920.
Maturity as Follows:
Due Sept. 1. 1022. .. Price 04.82
Due Sept. 1. 1923... Price &2.4S
legality Approved by M alone. Malone long. Toronto, Canada.
IELEFHONe'ob TELEGRAPH ORDERS AT OrB EXPENSE.
MORRIS BROTHERS, Inc.
"The Premier Municipal Bond Hoose,"
Established
Over a
(luarter
Century.
l-ortland. Or. Morris Buil'iing.
309-11 Stark. Broadway 2151.
Seattle. Wash.. Central Bldg.
San Francisco. Cal.. Merchants National
Bank Building.
Offering of
Portland Vegetable Oil M
Capital Stock, $1,000,000.00
(All Common)
A Portland enterprise for the upbuilding; of Portland.
An opportunity to keep Portland money in Portland and to make
dividends for stockholders In Portland and Oregon.
Offers, subject to prior sale, the balance left unsubscribed of an
offering of $200,000.00 of Its Common Stock (There is no Preferred
Stock).
$500,000.00 was subscribed by 28 Portlanders (prior to incorpora
tion of company) at par for dsn.
There is no promotion or watered stock in thiB enterprise.
When the balance of this $200,000.00 is subscribed (making $700,
000.00 total subscribed) contracts will be let for site, building and
machinery.
Write us for full particulars. We will send you our prospectus
giving information on the vegetable oil industry in the United
States and in Portland; also of past earnings and of prospective
earnings.
Keep your Portland made money In Portland for the upbuilding;
of Portland.
Portland Vegetable Oil Mills Co.
Telephone: Main 821
For
$445
yon can purchase one share
each of eight listed and
thoroughly seasoned stocks
that will return 32 divi
dends annually amounting
to $43 so that the return on
the investment is close to
10 per cent annually
The eight stocks referred
to axe representative of
separfte and distinct lines
of industry, thus making
for added safety of prin
cipal. Combined purchase can be
made on a
First Payment of $90
Balance in monthly pay
ments of $35.50 each.
Wn'fe Dept. PG 32 for
complete data. Sent
without any obligation.
rP STOCKS -BONDS '
60 Rrondujay. NewVfark.
Ttltphona Rmclor 4663-4
OVERBECK &
COOKE CO.
Brokers. Stocks, Bonds. Cotton,
CirmLn. Ktc.
1 16-217 BOARD OF TRADE BLDG.
MEMBERS CniCAGO BOARD OF
TRADE.
MEMBERS
CofTMpondVnts of roiran A Bryan.
Chicago and ew York.
New Tork Stock Etching.
i Chlcajco Stock Exchance.
Boston Stock Exchange.
Chicago Board of Trade.
New York Cotton Exchance.
New Orleans Cotton Exchange
New York Coffee Exchange
New York Produce Exchange.
Liverpool Cotton - Association.
WE OFFER A COMPLETE
SERVICE
In Designing and Building
Commercial and Industrial
BUILDINGS
ERTZ & WEGMAN l!
GKNERAL CONTRA CTOKS.
631 FITTOCK BLK.
Y i n
V
of Alberta
Cold Notes
STATEMENT
Denominations $100. $.100 and $1000.
Principal and semi-annual interest
(March 1 and September 1), payable in
U. S. Gold Coin in New Tork and at the
offices of Morris brothers. Inc.
Capital
One
Million
Dollars
$200,000.00 of
ills Co.
808 Wilcox Bldg, Portland
NET
Municipal
Bonds
- Federal Tax Exempt
CASH FOR GOLD.
We pay hi(rh prices for high-grrada
grold or silver ores, amalgam, concen
trates, bullion, retort, etc. Ship to us
by mail or express in any amount or
quantity. Cash sent you by return
mall. We also buy diamonds, plati;
num. new or broken Jewelry, watches",
false teeth, liberty bonds, war stamps,
mercury, magneto points and all valu
ables. Goods returned within ten days
if you are not satisfied with tho
amount we send you. except when re
fining must be done to determine tha
value. Ship us now while the high
prices are prevailing. Small and larga
shipments solicited. The Ohio Smelt
ing & Refining Co.. 228 Lennox Bldg.,
Cleveland, Ohio. Bank references.
Side Line
Salesman
Men who wish to make from $100
to $500 monthly in addition to
present earnings without interfer
ing with position now held. Agree
able work, permanent. Position is
with large investment banking
concern.
Jacobs & Jacobs
20 E. JnrkNOB Blvd.,
Chicago.
Service to
Clients
This office has a reputation for
delivering: to its clients service
that satisfies.
JOHN SCHIBEL
Insurance Broker and Adviser.
Wilcox Bldg. Main 8020