THE SUNDAY OREGOXTAX, PORTLAXD. NOVEMBER 31, 1920
POTATO PRICES HAVE
VERY WIDE RANGE
Quality of This Year's Crop Is
Not Even.
FEW HAVE BEEN MOVED
Shippers Pay From $1 to $1.50 at
Valley Points, According
to Quality.
There haa bwn no improvement in the
potato situation and the trade does not
look, for any soon. bales tor shipment
to outside points have been few in num
ber and the wide range of prices ruling
how the erreat variation in the quality
of the crop. A few cars were bought
Jn the ralley during the week at $1 and
other cars of the beat grade were pur
chased . on the east side at $1.50. These
were taken for shipment south.
In the jobbing trade retailers pay any
where from LuO or even lower, up to
$2, according to quality. A good many
f the country offerings are inferior and
some unsaleable because of rain damage
and blight. There are also many com
plaints by dealers of poor grading by
growers.
Quiet conditions alio prevail in other
northwestern markets. Idaho growers are
getting $1,106-1.20 for Rurals and $1.25
491.20 for Russetts. The harvest was late
In that state as in other sections. Ship
xnents from Idaho during October ran from
800 to 1000 cars less than for the same
period last year. This decrease may be
attributed partly to . backward digging
a.nd partly to the fact that many growers
are storing their crop on the farm and
holding for better prices. More or less
scarcity of cars has tended ' to retard
the movement because local dealers have
been unwilling to buy potatoes except for
immediate shipment.
The eastern markets during the past
week were generally steady. Round whites
at New York shipping points ranged from
$2 to $2.15 a hundred. Conditions were
somewhat unsettled late in the week,
prices closing $2$2.10. At Maine f. o. b.
markets, bulk Irish Cobblers and Green
Mountains declined 10 dp 15c per 100
pounds, closing at $1.75 ) 1.80. Northern
. round whites were steady at a range
of $1.8(VfT2.08 f. o. b.. with the movement
light. Haul tugs have been light also in
Rocky mountain producing sections and
prices steady at $1.151.&5. Maine Cob
blers and Green Mountains sacked and
bulk were steady In New York and Bos
ton at $2.35(2.50. Eastern round whites
were dutl and steady at $2.10(2.65 in
consuming markets. Sacked northern round
-whites partly recovered last week's sharp
decline in the Chicago carlot market,
prices showing a net gain of lO 15c,
closing at $2.05 2.15. Other consuming
markets were firm' and advanced moder
ately to a closing range of $2.10 fg 2.65
Shipments were lighter than the pre
ceding week with 5046 cars compared
with 60.10 and with 4470 during the cor
responding week last season.
WHEAT AT LOW POIT OF TEAR
BmatI Amount of Selling Reported From
Country at Current Prices.
'Wheat prices on the local board fell trf
the lowest point of the year yesterday.
when $1.50 was bid for hard white .and
club, $1.45 for other white grades ana
$1.42 for red. These offers were 2 to 5
cents lower than those of Friday. Country
reports told of a little business being
done with farmers at the decline.
The feed' cereals were also weak. Oats
averaged 50 cents lower and yellow corn
dropped off $1.50i 2.50. Barley bids were
the same as the day before.
No change was made In the flour list,
fcut the price of millrun was cut another
aollar. -
The weather forecast for the middle
west, as wired from Chicago: "Region of
Great Lakes, temperature normal with
overcast, rains and snows "Wednesday,, fol
lowed by considerable colder. Ohio valley
and Tennessee normal temperatures until
"Wednesday or Thursday, then fair and
considerably colder."
London reports 17,000.000 bushels of Ar
gentine corn headed there.
Italy was in the market for rye and
obtained 100,000 bushels Friday at the
seaboard at 21 cents over Chicago De
cember. Terminal receipts, tn cars, were re
ported by the Merchants' Exchange as
follows:
Portland fTht. Bry. Fir. Oats. Hay.
Saturday 33 2 5 4 7
Year ago 27 ... 10 5 4
Total, this week 229 19 34 12 64
Year ago 154 2 77 54
reason to date 65M2 inn
Year ago
Ta co ma-
Friday 5
Year ago is 7
Season to date. . 27 7 30 405 6 442
Year ago 3172 55 .... 107 473
Seattle -
Friday 11 1 2 5 2
Year ago 36 J, 4 5 S
Reason to ate..?6Bl 148
their turkeys direct In the country and
others will be supplied from the arrivals
on the street today and tomorrow.
It looks now like a steady market with
enough to go around and no surplus, but
It Is never safe to predict what the supply
will be until the last moment, as many
shippers fail to serve notice to receivers as ,
to the quantity they will forward.
There were also fair arrivals of other
dressed poultry. Fat geese were quoted at
35 cents.. Live poultry sold at the usual
prices, but not much business in this line
is expected in the coming week.
Country dressed meats dragged at lower
prices. Pork sold mostly at 14 15 cents.
but some good light hogs went as low as
12 cents. The top price on. veal was 15
cents.
SHARP DROP IN LENSEEO OIL NOTED
Decline of SS Cents Gallon Is Announced.
Turpentine mad. Lead Also Lower. -Sharp
declines in linseed oil and turpen
tine are announced, reflecting, lower mar
kets at primary points. Linseed oil is
down 2S cents a gallon and at 96 cents for
raw oil in barrels,, the market Is under the
dollar point for the first time since Octo
ber, 1916. The top price was $2.46 in Au
guKt last year.
Turpentine declined 10 cents to $1.56 for
case lots.
Vt hite and red lead and litharge are
le lower. The new quotation in ton lots
is 13 cents a pound. .
Hop Market Is Lifeless.'
The week passed without report of a
single bale of hops being- sold. The eastern
trade shows absolutely so Interest and Eng
lish demand is .lacking. The English gov
ernment has uwued a permit for the im
portation of 3000 bales from' this country.
Thin applies to hops already purchased and
has no bearing on the market. In the ab
sence of business it is Impossible , to ay
what hops are worth now.
No Change in Print Butter.
Ko announcement was made yesterday of
any change In print butter prices for the
opening of the week. Cubes were In some-, I
what better supply but sold at the previ
ous day's prices.
Kggs did not go out as well as usual on
Saturday. Prices were unchanged and are
likely to remain so for the week.
Bank Clearings. '
Bank clearings of the northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland $0,5i0,9 $1.28.733
Seattle 5.407,624 1,349. 201
Tacoma 576.994 112,053
Spokane 2,050,202 819.891
Clearings or rortiana. beatue ana i a-
coma for the past week and corresponding
week of former years were: 1
Portland. Seattle. Tacoma.
1020.. .$40.05U,388 $37.549,Xi5 $4,82.476
45,285.323 5,700,447
SELLING IS RENEWED
STOCK LIST IS AGATJf ODER
PROFESSIONAL FTfESSUltF..
Many Xew Low Records for Tear
Are Scored Kails and
. Shippings Firm.
NEW YORK, Nov. 20. Today', brief
kmIod of the stock market began with
fresh unsettlement, due to renewed liqui
dation and professional 'pressure anions'
leaders of the steel,' equipment and oil
groups.
Crucible Steel extended yesterday's heavy
loss by almost five pointa to the year's
low or so. and Baldwin Locomotive ana
Mexican Petroleum- Joined the many mini
mum quotations for the last 12 months.
Sundry specialties continued to ease on
what seemed like belated selling of pool
holdings. ,
These adverse factors were balanced by
the firmness of rails and shippings, but
buying was mainly for short covering to
close contracts. Sales were 575.000 shajrea.
Advices and general developments - were
more encouraging. '
Bonds were dull and uncertain, although
several liberty Issues and the victory notes
closed at moderate advances. Total sales,
par value, $7.175,QpO. Old United States
bonds were unchanged on call for the
week. - .
The clearing house statement disclosed
a surprisingly moderate decrease of actual
loans and discounts, considering the week's
drastic liquidation of stocks. Reserves of
members at the federal reserve bank de
creased about S24.4O0.OO0 and excess re
serves fell to slightly less than S12.500.000,
against the previous week's total of S32,.
200,000. , . , ,.' . ,
Among professional traders, every .suc
cessive setback evoked grave references
to the "healthy reaction" or "salutary re
adjustment." There was ample Justification for the
belief that much of the latest liquidation,
especially in rails and oils, emanated from
European centers, notably London -and
Amsterdam.
The. weakest spot in the foreign' situa
tion was that comprising Latin-American
countries. Further cancellation or abso
lute rejection of imports from e.his market
to Cuba and Central and South America
gave point to the suspended dividends of
the American International corporation.
Additional price concessions in steel
Iron, copper and other raw and finished
materials were measured In terms of cur
tailed production, deficits in earnings and
reduced wages.
Rates for call and time accommodations
were easier, but the deadlock in the in
vestment situation and absence of new
capital offerings seemed to carry their own
refutation of any actual improvement in
the money market-
GOLD BESEBTE RATIO INCREASED
Seven-Tenths Per Cent Gain Is Keeorded
in Pas, Week.
y WASHINGTON", Nov. 20. The condi
tion of the 22 federal reserve banks was
as follows at the close of business No
vember 19:
Resources '
Gold and gold certificates f 170.266,000
Gold settlement fund, federal '
- reserve board 400.R7S.0o0
Gold with foreign agencies. 74.303.000
requirements. This is a decrease of $19.
735.600 from last week.
NO . TRANSACTIONS AT STOCKYARDS
Feeling in All Lines at Close of Week Is
y Unsettled.
No business was transacted at the
stockyards yesterda. There was a direct
shipment of 100 head of cattle, but no
other receipts. In the absence of sales no
changea were made in quotations, but' the
feeling in all linea at the close was weak.
The following are livestock nnniailnn. m.i
the Portland Union stockyards:
Choice grass steers S 8 25 9 00
Good to choice .steers 7.25' 8 25
Medium to choice steers...... 625 7.2J
Fair to good steers &.75ep 6 23
Common to fair steers 5.00(9 5.75
Choice cows and heifers'...... 6.256? 6 75
Good to choice cows, betfers.. 0.25 6.25
neaium to gooa cows, neilers. ,25jtf 5 it
Bulls : e.r.nr, an
tnoice. dairy calves ......... 33. 0014. o-
1U1U.
1918. .
1917. .
1U16. .
1915. .
1914. .
1913. .
1912. .
1911..
. 3s.145.0tl5
. 34,700,223
. 27.787.281
. 16.301.061'
,. 9.035,1 19
. 10,420,090
. 10.53tS.B9
, . 9.1WO.071
. 9,467, 490
26.975.4U0
20,074,497
10.768.S75
10,167,158
12.410.045
IO.SSO.563
10,460,721
3,826,265
2.394,245
1,656.674
1.624.734
1.647.041
3.466.158
3.593.249
Sales. Rlgh. T-ow.
PORTLAND MARKET QUOTATIONS
Grain. Floor, Feed. Ete.
Merchants' Exchange, noon session:
-Mia
Nov.
. .$ 1.50
43.50
42.50
45.00
43.50
Dec. Jan.
S 1.50 . S 1.50
1.4a l.a
1.52
1.45
1.45
1.42
43 50
42.00
45.00
. 43.50
34. OO
35.00
1.55
. 1.45
1.45
1.42
43.50
42.00
45.00
43.50
34.00
35.00
12
356 243 802
.4602 115 1S20 316
1
1 54 1 6S J1
344 351 659
Year ago 2.; 4 J 133
APPLES IN TRANSIT ARK SOLD
Wheat
Hard white ...
Soft white ....
White club ....
Hard winter
Northern spring
Red Walla
Oats
No. 2 white....
No. 2 gray
tfarley
Brewing
Standard feed .
Corn
No. 3 K. T. shipment 35.00
No. 3 1. delivery 40.00
FLOUR Family patents. $10.40: hakerr'
hard wheat. S9.50: bakers' bluestem pat
ents, $9.25; valley, $8.75; straights, 18.50;
whole wheat, ss.su: granam, ss.too.
MILLFKED Prices f. o. b. mill: Mill-
run, $44 per ton; rolled barley, $5456;
roiied oats, S53; scratch feeu 6U per ton.
CORN Whole, 53; cracked. 56 per ton.
HAY Bu,.m prices, f. o. b Portland:
Alfalfa, $22.00 23.00 per ton; cheat, $22
2.. ciovt, o; vallwy . tlmolio. . -to.
Eastern Oregon timothy, -.S3U, .. ...... t . , .
Dairy and Country Produce.
BUTTER Cubes, extras, 54 55c per lb.;
prints. ' parchment wrapped, in box lots,
59c ner bound: cartons. 60c. half . more;
butterfat, buying price. 5354c per pound
at stations; &To Portland aellvery.
lKitiy liuyme Dfice. Ciute count. TOc
pullets, 58 62c; Jobbing prices to retailers.
candled, lie: selects, b-c
CHEESE Tillamook, triplets, price to
jobbers f. o. b. Tillamook. 30c; Jobbing
prices, Portland: Oregon triplets, 29c;
Washington triplets, auc; Young Ameri
cas, 33c.
POULTRY Hens, 21930c; springs, 25c;
ducks, 26n?35r: geese. 25c; turkeys, live,
35c; dressed, choice, 48c.
POKh- fancy, 14Q1DC per pound.
VEAL Fancy, 15c per pound.
Fruits and Vegetables.
FRUIT Oranges, navels. $7 & 8.60; lem
ons. $4.5Ufe6 box; grapefruit, $4fe9 per
box; bananas, 12V3&13ftc Per pound; ca
uabas, 34j4c per pound; grapes, $o.6U per
crate. lttc per pound. ; pears, txau per dux
huckleberries. 18(ii'22c per pound; cran
berries, coast. $4.5up5.50 per box; eastetrn.
$1642119.50 Per barrel; apples, $L2&p4 per
DOX.
VEGETABLES Cabbage, 1C per
nound: lettuce. S3.25&3.15 per crate; cu
cumbers. X2 per dozen; carrots. $1,756?
2.50 per sack; garlic, 25c; tomatoes, $3.25
per lug; beets, szea'Z.ao per sacs.; turnips,
S2.50 ner sack: eggplant. 15c per pountl;
cauliflower, $1.75 per dozen; celery, 7oc0
SI per dozen; green peppers, lac per pound
sprouts, 17&2uc per pound; squash, 2 Vic
nar oound: Dumpkln. zc per pouna.
Dounds: Yakima. $2.50(33; sweet potatoes,
uiiuriic oer DOUDd.
OMONa uregon, SI. to per sacs.; v.uu
tornla brown, $22.25 per sack; pick
ling, 810u per pound.
Btauis Groceries.
Am Beet Susrar 1.O0O 51
American Can S.100 23
Am Car A Fdv 4.200 122
Am H & L Pfd 2.00 45
Am Inter Corp 6.200 43
American Loco 2,400 81 14 ,
Am Smt & R 5.200 ' 44
American Sug 6.1KM) 94!4
Am Sum Tob 1.7O0 71
Am Tel Tel 2,oo f04
Amer Woo'en 1,200 64
Am Z. I, AS' 2O0
Anaconda Cop- O.OOO- 38
Atchison .... 1.6O0 84'.
Atl Gf A W In 2.6O0 107
Baldwin Loco 20.500 93
Balti A Ohio 7,000 38
Bethle Steel B 14.KOO 53.
But Sup Cop BOO 11V,
Cal Petroleum 1,600 IS'!,
Canadian Paci 2.500 " 136
Ontrl Leather 1.400 367,
Chandler Mtrs 1.600 74 44
Ches & Ohio 2.6O0 . 63V
Chi Mil 4 St P 3.600 84
Phi R I A Pai 4.300 30
Chino Copper., 5,100 20
Colo Fl & Iron 500 2814
Corn Products 6.700 71 M
Crucible Steel 4.3oe 8914
Cuba Cane Sug r 8O0 26
Erie . .... 3,200 16
Cenerl Electric 1.3O0 12214
Grt North Pfd 4.9O0 7S
Gt No Or rtfs 9no 2nT4
Illinois Central 300 87
nsplr Copper 3.200 . 3'1
nt Me Ma Pfd 6.000 53
nterna Nickel- 3.700 14
nterna Paper 3.400 . 4614
Kan Ctv South 2.SOO 20
Kenne Copper 3.000 10
Louis A Nash 100 100
Mex Petroleum 0,000 155
Miami Copper 500 1B
Mid states Oil B.loo 12
Mlrtvale Steel 11.RO0 31 Vi
Missouri Pacif 2.BOO 22H
Nevada Copper 1.200 8
New York Con R.noo 75
N Y N H H 7.SOO 2414
or A western 7O0 97
Northern Pari 8.000 8514
Ok Pd & Rfg 3.1O0 3
Psn-Am Petrol 5.1 00 73
Pennsylvania.. l.SOO 40
Pitts & W V'a SO0 27
Pay Con Cop 3.100 10
Heading 13.41)0 .
Rep Ir A Steel 2.700 6B
Royal D N Y , 4.SOO 6S
Shat Aria" Cop I 3O0 .1
Shell Tr A Td 200 44
In Oil A Rfg H.flOO 2.1 14
oothern Pac 16.500 110H
Southern Rwy 12,300 24.
S O N J Pfd 400 623
Studcbak Corp R.700 42
Texas comoanr 7.6O0 47
Texas A Pacif z.ioil 21
Tobacco Pdts 4.600 50
Transcontl Oil . 6.S00 R
nlon Pacific 2.1O0 120
II S Food Pdts ' 2.400 30
U S Ind Alco 2.600 70 '4
U S Rtl Ftores s.r.iwi 55
S Rubber.. 3.5HO fM
S Steel .... S3.KOO SI
S Steel Pfd' -400 105
Utah Cmper. . 2 ft0 51
West Electric 3.300 41
Willys -Overld .7.400 . 7V4
BONDS.
Few Sales Are Reported at F. O. B, Points;
Prices Hold Steady.
There was moderate movement in the
local apple market yesterday without fur
ther change in prices. Not many sales
were reported at country points, but a
good many rollers were disposed of. In
the Yakima district Romes, extr afancy,
the Yakima district Romes. extra fancy,
large, at $1.35. - Extra fancy Winesaps,
onedium to large, brought $2.15 to $2.25
The other districts reported no business
done.
At the New York auction market, 75S
boxes of Oregon Newtowns, choice, brought
$1.802.30: the average being $2.07. An
other lot of the same slse and grade sold
at $2,1012.75. A lot of 715 boxes of Ore
gon Sgrltxertberirs, fancy, brought S2.909
8 25, and a small lot, $3.40. At the Chi
cago suction. Oregon Spitsenbergs, extra
fancy, small to medium, sold at $1,359
2.40, an average of $2.
Haulings have been decreasing at west
ern New York shipping points. Baldwin
selling mostly at $4.25 per barrel, f. o. b
and orchard run stock, culls out. bringing
$1.8591.50 per 100 pounds In bulk. New
York Baldwins were dull In Boston and
New York at $4.5005 per barrel. Chicago
$4.2595. Southeastern York Imperials
showed a range of $3.7695 per barrel In
consuming markets. Mlddlewestera bar
reled Jonathans continued steady, rang
ing $10yl0-5O In Minneapolis; $8,500-9.50
in Kansas City, and $809 in Chicago. Ben
Davis ranged 13(94 per barrel In St. Louis.
The car'.ot movement of both barreled
and boxed apples showed an Important
decrease- from the number shipped during
ens previous week: Doxea stock, 2254 cars
compared with 2838; barreled. 8470 cars
cembared with 4207. Shipments of boxed
apples are approximately at the rate or
the corresponding week a year aro; bar
reled stock Is much heavier with 8470 cars,
compared with 1480.
eTKADY TURKEY PRICES EXPECTED
Dealers Believe 48-Cent Market Will Be
Maintained.
Turkeys began arriving In largs quanti
ties yesterday afternoon. The shipments
wsrs needed to flit out-of-town orders pre
viously booked snd most of ths orders
vara billed out at 48 cents. There was
M inquiry from the city retail trade. Uany
sat 4fc4 large retailers bava coatractsd for
119
44
41
81
42
90
67
99
63
8
104
91
35
r.i
10
13
114 ,
36
72
61
32
20
114
28
S
85
24
1T4
120
76
2
84
32
40
14
45
10
19
100
16
11
30
21
8
73
23
96
82
' 3
72
40
26
10
86 V,
64
66
5
44
25
109
22
620
41
46
20
48
8
11714
29
67
54
.10
80
' 10.-.
50
40
67.
Total gold held .by banks. $ 645.247,000
Gold with federal reserve
agents 1.205.746.000
Gold redemption fund 157,117,000
Total rold reserves S2.00S.110.000
Legal tender notes, silver.
etc ........................ nz.ua.ouu
sale.
49
23
122
45
42
81
44
94 14
- 71
99
64
8
88 -
84
107
9S
38
52
11
15
116
:, 36
74
63
34
29
19
28
71 V4
87
24
10
122
77
29
84
S.1
52
14
46
20
19
100
155
16
12
30 '4
22
8
75
24
r.
73 V,
' 40
27
10T4
86
66
67
5 V.
44 V,
25
110
24
' 620
41
46
21
4J)4
8
120
30
69
55 1
60
80
105
61
41
7Vi
Total reserves .$2,180,228,000
Bins discounted, secured by
government war Obliga
tions . 1,158,907,000
Bills discounted, all other... 1.514.46O.OO0
Bills bought in open market. 275,227.000
Tots! hills on hand ..$2,948,601,000
U. S. government bonds 26,871. 000
U. S. victory notes 69,000
U. 5. certificates of indebted
ness S31. 154.000
Total earning assets.
uanK premises
Uncollected Items and other
deductions from gross de
posits 5 per cent redemption fund
sgainst federal reserve bank
notes -
All other resources.....
S3. 306.605.000
Prime llcht calves
Heavy calves ...........
Best feeders ............
Hogs - .
Prime mixed ..
Smooth mixed .........
Rough heavy - ...........
Fat pigs .........v... ...
feeder pigs . .-. ........
Sheep
East-of-mountain iambs
Valley lambs
Feeder lambs ..........
Yearlings
Wethers
blwes
11.0012.00
T.OOg? 9.O0
.e.75 7.25
, 12.0012.50
11.50 6 12.00
8.25 4? 10. 2o
10.00 'S 10.50
10.00124)0
B.5010 Of
9 O0;a 9 5'
5 OU 4 8.50
6 OO19 7 50
6.0O' 6 5'
1.00 it 4.5''
804,424.000
12.376.0O0
6.030. OO0
Chicago Livestock Market.
CHICAGO, Nov. 20. Hogs Receipts.
50OO, mostly 10c to 15c higher than yes
terday's average with spot more: closing
firm; bulk of sales, $1 l.SO 11.65: top,
$12; heavyweights. $ll.50rl2; medium
weights. $11. 65012; light weights,. $11.50
Si 11. IK); light lights, $ 11.40 11. SO; heavy
packing sows, smooth. $1111. 40: packing
sows, .rough, , $10.76011; pigs, $Ugl2.25;
with desirable 100 to 130-pound pigs, $11.50
1 1.7ft. 1
Cattle Receipts, 8000, mostly Canadian
and northwestern graseers. Trading light:
week's receipts total 115,000, a new yard
record. Compared with a week ago, choice
prime . corn-fed beef steers. . 50c to 75c
lower; other beef and butcher cattle un
evenly $1 to $2 lower; canners and cut
ters, 25c to 50c lower: light veal calves.
25c lower;-' heavy calves average' $1.50
lower; stockers and feeders mostly 75c to
$1 lower.
Sheep Receipts, 200O. compared with a
week ago: fat sheep and lambs 50c to 75c
lower: yearlings, 7c to $1 lower; feeders,
5oc to 75c lower.
Total resources
Liabilities
Capital paid In
surplus
Government deposits
Due to members, reserve ac
count 1,781. 806.0O0
Deferred availability items... 616,371.000
Other deposits. Including for
eign government credits... 26.22S.0O0
. .$6,326,800,000
..$ 98.920.0OO
104.74.-..0OO
12.259.000
Total gross deposits $2,437.1 64.000
Federal reserve notes In ac
tual circulation 3.307,435,000
Federal reserve bank notes
In circulation, net liability. 213.8X1. 000
All other liabilities 104.646.000
Total liabilities $6,326,800,900
Ratio of total reserves to net deposits
and federal reserve note liabilities com
bined. 44.1 per cent.
Ratio of gold reserves to federal reserve
notes In circulation after setting 35 per
cent net deposit liabilities, 48.6 per cent.
Foreign Kxrhange Rate.
Foreign exchange rates at close of busi
ness yesterday, furnished by Northwestern
National bank of Portland, The amount
uotea is tne equivalent in uniieu. otaico
dollars'.
Country Foreign unit.
Austria, kronen ,
Belgium, francs
Bulgaria, leva
Ozecho-slovakia, kronen
Denmark, kroner
Enirlaml. pound sterling
Finland, finmark
U S Lib 3s. ...92.30IA T A T cv 6s.. 94
ao 1st es....oi.JtJ!'ticii gen 4S . . loj
do 2d 4s . :-. .85.50 D & R G con 4s.64
do 1st 4s. . .86.62;N Y C deb 6s.. 90
do 2d 4s. ..85.70'N P 4s 76
do 3d 4s. ..88.42 N P 3s 58
ao ia fi...M.inrac 1 or 1- as. "mu
Victory 3s ...5:B4; Pa con 4s 89
do 4s 95.96 S f CV Bs 110
U S 2s.reg I01
do coupon ..101
D S 4s reg. .. .105
do coupon ..105
Pan 3s reg 78
do coupon. . ..78
So Ry 5s . .
U P 4s
U S Steel 6s..
87
80
. 92
Bid.
Mining Storks at Boston.
BOSTON, Nov. 20. Closing quotations
Allouex
Ariz Com
Calu A Ariz..
19
7
44
Osceola . .
Quincy
Superior
Calu A Hecla. .245 LSup A Boston.
Centennial
Cop Range . ,
Mohawk
North Bwtte
Old Dam ..,
7
S6
43
10
Shannon
Utah Con ..
Winona ....
Gran by Con
. 17tjGreene Can
23
86
16
1
3
80
20
20
luteal lobbing auuuftcioaa;
.! A tiack bas.a: ane. cranuiatsu.
10c per pound; beet. 10.doc per pound.
I-1 1 M IN t . ll.JUO u4 I S Be.
NU'l'o Wsluuu, X2ji2sc; Brazil ' nuts.
S6c: filberts. 214uv25c; almonds, 26tM0c
peanuts, 9o14c per pound; coooanuta. $$
per auz.; pecaus, aw, vanuiau,
H5a uouud.
RICE Blue Rose. llc par pound; Jap-
a n Kiv.e. 11c oer pound.
Bs,ANS Small whits, 6c: largs whits.
c; Puk, c; lima, AUisc. oaous. lis,
rnu. b w c per pound. m
COt'Dso! noasled, bulk: drums, 81 0
41c per pound: sacked, 22j27c per pound.
BALI utauuisted, oaies, d.4V.M
hall srouna, lou, owe, s, AUoa, ,tt..a
lump roc,
Provisions.
Local lobbing quotations:
HAMS All sizes, 853Sc; skinned. 85t?
39c; picnics, 2oc; cottage roll, ode.
LASU Tierce basis, 2ic; aaorteaiag,
17 c per pound.
uai. QAi,i bhort, clear backs. 260304
per pound; plates, 22c
BACON Fancy, 47054c; standard. 82s
per pound.
Oils.
LINSEED OIL Raw, barrels. 95c
drums, $1.93: cases, $1.1L Boiled, barrels,
Ubc; drums, $1.00; cases, $1.1J.
TURPh.fi TlNe; Tanks, 1.41; cases,
$1.56.
luaL OIL Tank wagons aad ire a sar
rsla. lc; cases. 40t37c
s'UEL OIL Bulk. $2.35 per barrel.
GAaoLlNE Tank wagons ana iron bar
rels, 29c; cases. 41 c.
WosL Cascara. Etc.
MOHAIR Long staple, 25e par nsaad;
Bhort staple, 15c per pound.
TALLOW No. 1. 00 per poand; Na. 1,
frc per pound.
CasCaha BARK Per pound, grass
wetsut. 01a peel, lat, new pesi. o Bar
oouae.
WOOL All grales nominal.
HOPS Oregon. 1920 crop, nominal, 85c
per lb.
HIDES AND PELTS Nominal.
Naval Stores.
SAVANNAH. G, Nov. 20. Turpentine,
firm. 82 o; sales. 202 barrels; receipts,
274 barrels; shipments, 11 barrels; stock,
16.665 barrels.
Rosin, quiet: sales, none; receipts, 710
barrels; shipments, 155 barrels; stock, 63,
9J.0 barrels. Quote:' B, D, B, F, G, H, I,
K. M. N, WG, WW, $11. (Last sale. No
vember 12.)
Dried Fruit at New York.
NEW YORK, Nov. 20. Evaporated ap
ples, dull and weak.
Prunes Juiet,
Psachea Slow.
Money, Silver, Etc.
NEW YORK, Nov. 80. Prims mercan
tile paper, unchanged.
Bar sliver, domestic unchanged; foreign,
1 i)C
Mexican dollars, 57 c. v
LONDON, Nov. 20. Bar silver, 4d per
ounce.
Money and1 discount unchanged.
STOCKS FALL WITH COMMODITIES
Climax of Inflation During ' First Half
f the War.
NEW YORK. Nov. 20. Quoted Values
continued to melt away in the securities
market tills- week until the average fell
to tne years lowest, wnne several indi
vidual issues were at bottom prices for
two to five years.
. The further demoralization on the stock
exchange was in keeping with conditions
in the industrial, cotton, grain and other
sammoaity markets and was again popu
larly ascribed to the world-wide strain
on credits.
In responsible banking circles, where no
attempt was made to minimize ths sig
nificance of ths reversal, tha movement
was regarded aa an Inevitable cltmax of
the Inflation and other excesses witnessed
here in the first half of the world war.
Rate.
$ .0036
.0076
- .013
.Ol 30
.1370
8.4700
.0230
.0633
.0155
.0910
.3060
-UU24
.0397
, .0082
.1365
France, francs
Germany, marks
Greece, drachmas ..,
Holland, guilders .....
Hungary, kronen
Italy, lire .'
Jugo-Slavia. Kronen .
Norway, kroner
Poland. Polish marks
Portugal, escudos .1340
Roumania. lei '. .0150
Serbia, dinars ..................... .0324
Spain, pesetas , .134U
Sweden, kroner .1940
Switzerland, francs i. T.1573
China Hong Kong, local currency .-1 ,6550
China Shanghai, taela 8950
Japan, yen .5075
NEW YORK, Nov. 20. Exchange firm.
Sterling, demand B.46. cables 3.40
francs, demand 6.05,. cables 6.07; Belgian
francs 6.39, cables 6.41 -.-.guilders, demand.
30.25. cables 39.35: lire, demand. 3.18,
cables 3.78; marks, demand 1.38, cables
1.39: Greece, demand 8.90. New York ex
change on Montreal, 11 3-16 per cent dis
count. '
Sterling advanced strongly later. De
mand 3.48, cables 3.49.
Swift Co. Stocks.
Closing prices of Swift A. Co. stocks at
Chicago were . reported by Overbeck &
Cooke Co. of Portland as follows:
Swift A Co 99
Swift International 24
Llbny, McNeil A Llbby
National Leather 8
Decrease in Surplus Reserve.
NEW YORK, Nov. 20. The actual con
dition of clearing house banks and trust
companies for the week shows that they
hold $12,470,380 reserve In excess of legal
Omaha Livestock Market.
OMAHA. Nov. 20. Hogs RecelDts. 3500
steady to strong.- barely steady; bulk,
$11.10911.50; top, $11.75.
Cattle Receipts, 500. Market compared
with a week ago, fed steers $.25&1.50
lower; grass and range steers and cattle,
$11.25 lower; light veals, ouc lower;
heavy calves, $1&1.50 lower; stockers
ana feeders, about II lower.
Sheep Receipts. 1300. Market compared
with week ago, all classes $101.25 lower.
Kansas City Livestock Market.
KANSAS CITY, Nov. 20. Cattle. 550.
Market lor week: Beer steers and feed
ers. 50c&$l lower: bulls and vealers, 50c
lower; other calves, $101.50 lower; she
stock, a0v?75c lower; canners, 2oc higher ;
stock cows and heifers, steady to oOc
lower.
Sheep. 600. Market for week: Sheep
and - feeding lambs. $lyL50 lower; fat
lambs, 75c5?$l lower.
Seattle Livestock Market.
SEATTLE, Nov. 20. Hogs Receipts
167; lower. Prime $12.2012.T5: medium
to choice $U.75jl2.25; smooth heavies.
S9 .7u- 10.2. : rough heavies. $5.753)8.25:
pigs. $10.50 12.O0.
Cattle Receipts 222; lower. -Prime
steers, $8.5O9.00; medium to choice, $7.00
&8.25; common to good. $5.0006.50: best
cows and heifers, $6.507.25; medium to
choice. $5.50-6.25; common to good. $4. 00
?0.1.5U: bulls, xa.uu4po.oo; calves, $12.00
13.50..
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO, Nov. 20. Dairy prod
uce exchanga closed.
Vegetables Eggplant, lug 5076c; sum
mer squash, $1.5Ofi2.0O; potatoes, street
price. Rivers, $2.25&2. 50; Salinas, $3 50
4; sweet, 33c; onions, yellow, 7590c;
Australian brown, 75c'$1.25: white, $1.50
1.75; green onlocs, box, $1.50; beans. 10
17c; lima, 8lc; bell peppers, lug, 40
75e: chile, 4065c: tomatoes, box, $1.50
vi.i,. uuumoers 1. (o ey ::.::&; celery, per
-c, vau'o.a.i; game. Bpvc; cauliflower,
90cp$l; carrots and turnips, sack, $1.25ft?
1.50; beets, $1.25: parsnips, 81.75: peas.
One Hundred
Investment Bargains
in Railroad Bonds
In a circular prepared by
one of the treatest bond au
thorities in this country, which
we have just had printed, the
bond situation is not only
thoroughly covered, but there
is a list of one hundred bar
gains in high grade railroad .
bonds yielding; as high as -
Ten Per Cent
Among this list are many
unusual investment opportuni
ties, and inasmuch as under-
lying factors are now favor
able to rising bond prices, a
selection of these bonds would
unquestionably result in excel
lent market profits, in addition .
to an attractive income return.
The circular will be sent
without obligation, together
with a booklet describing a
convenient method of purchas
ing'the bonds.
Ask for PG-55
E. M. Fuller & Co.
Osasnttdated BtooHb4ebaos f BT. Y.
SO Broad St, Nw York.
New York Newark Osvslsad
Oiicsso Boaoa
Wirtet frhnttt kVirss
Herrin & Rhodes, Inc.
Katabllshed 1S96.
. Railway Kxckaage Bids.
Fast Private Duplex Wire
COAST TO COAST.
Stocks, Bonds, Grain, Cotton,
M i s c e 1 1 aneous Securities and
Liberty Bonds, boirgrht and sold
for cash or conservative margin.
Members Chicago Board of Trade.
Correspondents K. F. 11 uttun St Co.
MEM HERS
New York Stock Kxchanjre.
New York Cotton Gicbange.
New Orleaaa Cotton Kxcsasge.
' Offices
Seattle. Portland, Tacoma.
Main 2M3-2A4.
4
Look Before You Leap
"Do not put your saving into any investment
proposition without thorough investigation."
This is one of the doctrines taught by the Bet
ter Business Bureau of the Portland Ad Club,
an organixation maintained to enforce honest
advertising and selling practices.
Morris Brothers, Inc., a member of this organ
ixation, indorse its principles and contribute to
its support.
B
U
B
a
Northwestern and Canadian Issues
Yielding 7 to 9
' $23,000 6 Improvement Bonds
City of Vancouver, Washington
Local Imp. District No. 161
Yielding: 7
a
B
B
B
a
Kxcrnpt from s.
Income Tax
rate1 Oct. 1. 1920. Pue Oct. 1. 1921 to 1930. Opt!Ttml oa vnd after mm
Oct. 1. Prices from 92.94 to 97.40. le nomination S500, .
$37, COO ImproTttmeat Bond
City of Seaside, Oregon
. General Oblbratioa Bonds
Yield 7 to 7.50 JSr
Dated Not. 1. 1920. Matorlne- serially from 1921 to 1SS1.
"2.41 to S. 54. Denomination t5O0.
Ths Unsold Portion, City of
Edmonton, Alberta Province
General Obligation Gold Kotos
Vialrtinrr O C7 Exempt from all Dominion
a. iviuiiig o Gi
a
Price, from B
Dated Sept. 1. 1820.
1100. 1500 and $1000.
Government Taxation
Due Sept. 1, 1922. Price 95.04. Denominations
u
a
B
B
Principal and semi-annual Interest payable In TJ. s. Gold Coin at
designated places and at the offices of Morris Brothers. Inc.
Telephone or Telegraph Orders at Our Expense
MORRIS BROTHERS, Inc. 5
southern, 124Tc: rhubarb, box, 1.762
sprouts. 7 a 8c: lettuce. S2b2.uu crate.
Poultry Hens, large colored, 38 40c:
small, 8235c; White Leghorns, large, 3tf
3Sc; small, 30S2c: strictly young roos
ters, 38040c; old, 20022c; fryers, 444c:
broilers, 00065c; ducks, 27030c; equr.bs.
15085c: Baigian hemes, live. 2325c; tur
keys, live, nominal at 47 050c; dressed,
50 53c; fancy, 54 056c.
Fruit Strawberries, 8 5c $1.36: Valen
cia oranges. 170ft; new-crop navels,-$5.50
5j7; lemons, $2.50(g4; grapefruit, new
crop $303.50: Arizona. $4.2504.75; limes,
1303.50; apples, Belltlowers, $l.501.75;
pears Winter Nellls, $3.25ig3.50; grapes,
nr rrate $2.5003.50; bananas, 10011c;
ouinces, $1.5O02; cranberries, Oregon,
S5.50.
Receipts Flour. 8-130 Quarters; wheat.
8O0 centals: barley, 52.364 centals: oats.
1600 centals; beans, 890 sacks: corn. 1650
centals; potatoes, 5037 sacks; onions. 440
sacks: hay. 340 tons: hides, 820 rolls:
oranges, 5500 boxes; livestock. 1000 head.
WOOL. PURCHASES FALL OKI
United States Decreases Importations From
4 South America.
TllTWMOS AIRES. Nov. 20. During the
, -lo-ici-iH-JO endina September 30,
Argentina sold and shipped to foreign
- - - ts i r.aa h,i of wool, or about
37 73,748 kilograms, the average price for
- Bnnrn,iTnaiAlv 74 cents in Unit-
ed States money per kilogram ol 2.-U
pounds each). uurmi ln., ,7,,
son the amount sold was 59.334.4S0 kilo
1U ri'n g the Beason just closed the United
Established
Over a
Quarter
Century
I FSBHSBBBBBBBE
1
i
I 51
J EnBBBBBBBassnnl1
$10,000.
City of
Forest Grove
Oregon
' 1 to 11-year 6
Funding Bonds
at 100 to yield 6
rCOMB TAX EXEMPT
Ask for circular 0-72. Call or phone
Knowledge
G
vs.
ork
uessw
This tffice gives valuable
advice respecting improvements
in fire risks, rate, reduction and
the formulation of forms that
constitute broad protection.
John Schibel
Insurance Broker and Adviser
Wilcox Bids. Main 8020.
FREEMAN.
SMITH
mound noon lAmr
LimnscM Bun-ninn
Firm and W.
OVERBECK &
COOKE CO.
Brokers, Stocks. Bonds. Cotton,
Grain. Kto.
216-217 BOARD OF TRADE BUXJ.
MEMBERS CKTCAfiO BOABD OF
TRADE.
MEMBERS
Correspondents of Imuran A Bryan,
Chicago and w York.
' few Tork Stock Exchange.
Chicago Stock Kxebaoge.
Boston Stock Kxchans;e
. Chicago Board of Trade.
New York Cotton Exchange.
New Orleans Cotton Exchange.
New York Coffee Exchange.
New York Produce Exchange.
Liverpool Cotton Association.
. CASH FOR GOLD.
Ws pay hlKh prices for high-grade
srold 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 pointa and all valu.
ables. Goods returned within ten day.
If you are not satisfied with the
amount we aend you. except when re
fining must be done to determine the
value. Ship us now wnne the high
prices are prevailing. Small and large
shipments solicited. The Ohio Smelt
ing & Refining Co.. tit Lennox Bid.
Cleveland. Ohio. Bank references.
Subject "to Prior Sale
We offer the following External Sterling
Government Bonds as affording an unusual
investment opportunity :
5000
KINGDOM OF NORWAY ,
3 Sterling Bonds of 1888
$340.00 for 200 ($973.33)
3000
KINGDOM OF SWEDEN .
3 Vz Sterling Bonds of 1900
$410.Q0 for 200 ($973.33)
5000
KINGDOM OF DENMARK
4 Sterling Bonds of 1912
$450.00 for 200 ($973.33)
5000
REPUBLIC OF BRAZIL
57 Sterling Bonds of 1898
$550.00 for 200 ($973.33) '
6000
REPUBLIC OF CHILE
5 "Sterling Bonds of 1911
$510.00 for 200 ($973.33)
These bonds are all the external obligations
of the issuing country and are payable, prin
cipal and interest, in Pounds Sterling at the
current rate of exchange.
They are seasoned loans of countries of un
questioned financial integrity whose credit
and standing were benefited rather than
harmed by the recent war.
Your interest return on these securities will
average between
7 and 9
depending on the rate of exchange.
We recommend these bonds for conservative
. investment. Full details upon request.
J. Devepeaux &(pmpany
INVESTMENT BONDS
87 Sixth Street Broadway 1042
. Wells Fargo Building
Portland, Oregon .
B
"The Premier Municipal Bond House"
PORTLAND. OR. MORRIS BLDG.
309-11 STARK BROADWAY 2151
Other Offices at Seattle. Tacoma, Wash.,
and San Francisco, Cal.
' safe deposit boxes I
a
Capital . B
One M
Million
Uollurs U
B
a
a
States purchased 72,399 bales of Argentine
wool as against lil.HttU Dales tne previous
season. fcingland, .Belgium ana i-.erma.ny
re-entered the market, buying ao,Jo Dales.
Seattle Dairy Produce.
SEATTLE. Nov. 20. Eggs Select local
ranch, white shells, 78c per dozen; pullets,
64c; storage, 65c.
Butter City creamery, in cubes, 58c per
pound; bricks or prints, 51c; seconds, in
cubes, 52c; bricks, S3c; country creamery
extras, cost to jobbers, in cubes. 54c; stor
age, 48tf00c
New York Snirar Market.
KEW TORK, Nov. 20. Raw sugar. 5.76c
for centrifugal; refined, 9 9.50c for fine
granulated.
Kaetern Dairy Produce.
CHICAGO, Nov. 20. Butter lower.
Creamery. 40 Sue.
Eggs lower. Receipts, 1412 eases: firsts.
70971c; ordinary firsts. 5!a63c: at mark
cases Included. 60070c: standards, 729
73c; refrigerator firsts, 52Vi53Vsc.
KANSAS CITT, Mo., Nov. 20. Eggs un
changed; firsts, 70l72c; seconds, 50c; se
lected. 767!)c
Butter unchanged; creamery. 62c; pack
ing. Sic.
If You Would Profit
by the experience of all successful investors yon will
turn your full attention now to the purchase of those
stocks of absolute merit that have been sagging ia
price for the past year.
This country is not facing financial disaster and nat
urally there must be a limit to the apparently endless
decline. Knowing that many stocks are selling far
below actual value, the only difficulty is in choosing:
those issues most desirable.
We shall be glad of the opportunity to assist in da-
cidinE What to Buy
and also suggest convenient terms of payment so
that you can arrange for the full outlay of your
available funds over the next year or two on the ex
ceptionally advantageous price basis now available.
Writ DeplPO IT for r 6so7f "Thrlft-Sveinf-ln-SMtoitnt"
.sss'nsr wifh Aprwf koi'nr nrststKMit.
Charles H. Clarkson & Co., Inc.
STOCKS BONDS
66 Broadway, New York
Ttlephonct Rector 4603-4
m ,niun,l iti.iiipin, ui s.i iiyn.1,1 .iisjisi, i.mnji ,. s,swiyiiaj. wsssssjwsssatT
Mahmm?4iurtiA'mjuth fl"i"r I $ rS--ff -r-r-V aiiiiwi un in nfti-nv' "
'11 " II
Chance to Buy
Established Retail Wagon
Food Product Business
- Operating in This and Nearby Cities
Equally Profitable in Good or Bad Times
Requires $5,000.00 to $25,000.00
According to Whether You Purchase
All or Part of .Business
Reasonable Terms
AV 678, Oregonian
irmrtii n...,?ir ttTm-TI
WANTED LOANS
In amounts of $2000 upward .
SECURITY Warehouse receipts in
Portland warehouses, fully in
sureds '
INTEREST 1 per month until
March 1, 1921.
F. C. G., P. 0. Box 3636
' Phone Broadway 3776