The Sunday Oregonian. (Portland, Ore.) 1881-current, September 18, 1921, Section One, Image 21

The Sunday Oregonian., September 18, 1921, Section One, Page 21, Image 21

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Newspaper Page TextTHE SUNDAY OREGOXTAX, TOItTLAXD, SETTE3IBEK 18, 1921 LIBERTY B0nS ACTIVE ADDITIONAL GAINS IN PRICES AUK RECORDED. Stocks Clone With Irregular Losses In Leading Issues Foreign Excliunge Improves. NHW TORK. Kept. IT. Stock wr firm at the opening of today' inilon, but bcmi heavy unafr profession! rrnnitura within th first hour, closing with IrrrguUr Iomm-s In leading issues. Kor-"ign Hnd domestic oil were first to ylmd, Mexican and r"o-Ain.rlcn Pe troleum. Urner! Asphalt, Houston ana sevsrai low-grd share r.acllng 1 to 1 point. tipeclnlllr lo manifested lux.r lendsnrl", r'ood Product making new low record, with moderate reu tlone In sugsrs, Cc.plr wer 1 to IVi polnta higher at their beat, but Notional i.rd fell back. Kecenl favorite In th Industrial divl Ion. uih Baldwin Looomotlv and l;nlted 8lal bleel. closed at nominal gain or losses. Hale were 23S.0O0 hare. Th fentur of th clearing ho tte mrnt w a heavy Incresa In actual li.an and discount.' amounting to $77, J.lH.ono. Thi I th flrt epanalon of thl Item In aeveral month and probably result from recent Incom tax payment. Ad actual caah gain of l:M.2Mi.SlU In creased excena reserves to lii-M-a.asU, th largeat total of th year. foreign sichan. wil atrong In th main, mark making further recovery to 10.:, or about 13 point over their recent low record. Weaknes of drachmae wa attributed to th failure of negotiation for a Oreek loan In London. Liberty issues again wer th mot ae tlv feature of th bond market. ome f that gTOUP m siting additional gain. Rail and Industrial eased with stock and International were Irregular. Total sales, par value, G.t73,000. CLOSING STOCK QUOTATIONS. tFurnlshed by Overbeck Cook com pany, 1'ortland. ) Hale. High. Low. Bid. Adam Exp 4: Advance Hum. 600 131 13 13V4 do pill a1 Arr them do ptil 1"0 -" Atsx Kuhher. 1.3UU 22. 21 V4 Sl Alaska Cold 1.KO0 114 1 X. l.loo 41 JUtl OJ -J Alaska Juneau Allied Chem.. Allls-Chal do pfd 74 loo 1.200 l.oon 20 J.Suo ' Vn'o 3i 2. lOO 21) '4 34 4 it 24 IrOi, " ; 1.500 63 2 ftoo 1.3IHI 100 'i.'o'oo Voo 2.400 Von loo 'i j'n'ii 2O.20O 'sii'o ' 2.0Ml Mill 200 ' 'l00 4 10V '4 bOS '' ' o 'is ii ai s ' o 4 144 Am Ileet Bug. loft Am llosch ... 2O0 Am Can Co... 1,100 do pfd Am Car K. . 2o0 127 do pfd ..... Am Cot Oil do pfd .... Am I'rug Fyn Am Hide 4 U do pfd Am Ice Am Intl Corp. Am Linseed.. lo pfd Am 1010 .... do pfd Am Faf Raxor Am fci'lp C. Am tiim-lter. .. do pfd Am Steel Kdy Am Sugar ... do plii Am Sumatra. Am T T... A m Tobacco. . do II Am Wool A W I' pfd.. Am Zinc .... A na t'Ollfl .... Ad nil Aichlson lo pfd Ati Coast Line All U A W 1.. Italil Loco ... do pf.l TJklln Ohio. do pfd Ttilh Jiteel B.. llooth Klsh .. H K T Hutte C Z.. Hutte Hup. . t'sddn Oil ... Cal f'acklng.. Cal ivt do pfd Can l'ac oftO Cen Leather.. .too (erro de P... loo Chand Motor.. Hon Cnl c N W. . . loo Chi Ut West do pfd Chill Cop ... Chlno C M 81 P do pfd Coco Cola . . C O Colo F I. .. Colo Southern. Colo II E... Col Graph ... Con lias Con ClKar .. do pfd ..... Contl Can .... Contl Candy.. Corn Trod . .. do pfd Cosden Oil ... C R I A P do A pfd... do li pfd... MO Crucible 4,600 do pfd Cuba Can ... do pfd Cub Am Rug.. lel At Hudson Iome sllnea.. t R i do pfd Rndl Johnson. Lrle do 1st pfd. . do 2d pfd. .. Fam Players.. d M A bm.. do pfd risk Tire .... 200 (laston Wma.. 100 Oen t Irara ten r.leo ...a. 211 '4 34 Si 27 Vi 126 31 24 f.2 iH 43 10s 7SV4 74 3H 'S.V14 COS 'ii'i 'ii's t 4 "9'vi 1S 300 17 V4 16 Vi 112 2 20 W 47 112 2 2 46V4 N'K) 1 Vi 10 1(HJ ...j.. 23 2.". 1 no xii 3!) COO 38 85 '"stli 'si" '24 "Vfio '87 "5T" 1.0O0 4 4 VoVi 400 74 78 i.iino -2B si" 4110 33 33 1O0 77 76 M 61 300 loo Hon uoo no 200 200 10 17 17 6.1 13 10 4 13 1 1.700 66 63 flen Motors BOO 2.200 126 126 34 27 79 12H IOS 1 43 42 10 60 36 31 24 M 0 104 4 30 70 24 63 KH 43 10H 124 123 74 24 8 3M 06 8 KO 27 811 117 38 r.i 64 3 0 4 14 10 3 36 . 74 112 28 26 4H 60 -T, 16 11 23 2S 30 34 Ar 24 35 67 4 87 28 68 40 73 102 26 83 76 6 62 81 8 in 13 lot 17 1 64 18 19 13 6.1 22 10 88 126 9 Ray Con .... needing Heplo leel ... Hep I ft 8.... do pld Rep Motors... Kyi Dutch Oil. Hy Hteel Hp. Saxon Motors. Neara Roebuck Miattuck Arts Hhell T ft T.. Hinclair Stand oil Cal. Hloss Hhef 80 Pac Bo Ry do pfd ..... 8t L ft 8 r... Hirom Carta... Htudebaker ... Mwlft at Co... Tenn C ft C. Texas Oil .... Texas Pao ... Tex PC O.. Tob Prod .... Tr Contl Oil.. I nloa oil Imi. I'nlon Pac ... I'nlted Alloy.. I'nlted Xrug.. l td yd Prod.. 1 ntted Fruit.. Ltd Hds N J. . do pld Ltd Rtl Store U A lnd Al... U 8 Rubber... do 1st pfd. .. TT S Smelling. U 8 Bteel do pfd t'tah Cop .... Ya Chem .... do pld Van Steel . . . Vlvandou .... Wabash do A pfd... do B ptd... Well Fargo.. West Pao .... do pfd West Union... Westh E ft It. West itd White Motor. Wllly-Ovld .. do pfd Wilson Pack.. Woolworth . .. Worth Pump.. W ft L E 3O0 11 12 12 l.luo 71 70 7o 23 1.100 U 82 l 80 200 0 8 9 .l.Hoo 40 4H 40 100 Hi 85 84 8 1,000 00 69 69 . ..... 6 84 1.400 20 19 19 71 10 30 7(81 77 77 77 8O0 20 20 20 47 100 23 200 88 32 81 6.100 76 75 73 8.2110 86 83 8.- B4IO 22 22 22 8OO 10 111 18 2.4INI tl'.l 67 67 .'.00 8v 7 7 200 18 18 18 80O 120 120 120 43 17,600 14 11 12 200 109 7 18 1.600 .64 63 63 , 48 4T 47 1.6O0 49 48 49 1UO 87 87 86 29 6,900 78 78 78 100 109 1,100 61 io : 20 7.1 1.300 83 32 82 2,100 8 8 8 100 7 100 20 20 20 11 i a 60 8 14 '"eoo "6 " 6 loo 28 28 28 400 16 86 88 Ill 811 w York V 8 2 reg ...'100 If 8 2 coup. .'100 IT R 4a reg M04 IT 8 Cv 4s coupM04 Panama 3s reg 73 Panama 3s cou 73 A T ft T Cv 6s 100 Atrhen gen 4 78 JJ ft HO cob 4s 67 Bond List. IN T Cen deb 6 93 IN Pc 4 77 N Pac 3 68 IPac T ft T 8a.87 IPenn eon 4s. 87 1 So Pac Cv 8a.e2 So Ry 8 86 I Union Pac 4.. 83 U 8 Steel 6s... 03 Liberty Hood Qnotatlena. Liberty bond quotation furnlehed by High. 88.06 tllen Alden 37 .en Asphalt.. 7.600 62 60 60 Onodrlch 81 tonriyrar Oranhy ...... . Gt Nor Or. ... do pfd Oreene Cn... . Otllf 8 Steel. .. Ifask llarker.. . Houston Oil.. Hup Motor ... . Ill Central ... Inspiration . .. Int Agr Corp. . do pfd lnterboro do pfd Intr CallaliAn. . Int JIarv . . Int Mcr Mar.. . do pfd Int Nickel ... Int Paper .... do pfd Invin Otl .... Island ll .... Jewel Tea K C Routhern. do pfd Kelly-Sla-fld .. Kennecott . . .. Keystone Tlr. 1 -ack Steel . . . Lehlrh Valley. . 1orlllard 1owe Theater L N Mex ret Miami . . . Mid Rtales Oil Mldvale Steel. M K T do pfil Mont Power. .. . Mont Ward... Mo Pac do pfd M St I' SSM. . Nat Enamel.. Nat t-ad Nev Con New H;t en. . . Nor West. . . . Nor l'ac .... Nov o Hfeel. . N Y Air lirk.. . N V Central.. Okla Prd ref tint Sllv-r ... . Ont Went.. Otis Steel . . ..e . Par Dev Pse a B. . . . Pnrifle fill . . . Pan Am Pet.. do B Penna I'eo (las Pere slarej . . , Phlla Co Pure Oil Pierce Arrow. Pierce fill Pitts Coal ... Pitta W Va. do pfd Pr Steel Car.. . Pullman "Voo '28 '28 400 76 73 "VoO '89 '39 "Voo 'H" '56 VoVi '.'.'.'.'. '.'.'." 400 St 84 "Voo '.'.'.'.'. '.'.'.''. "Vo'd "7 "6 "200 'si" '80 i.V'i'ri '14 'ii" 1.1810 50 48 " Voii " "ii 1.5110 2 2 "Vn'o 'sk" 'si" llMt 3.nno 42 40 1.700 20 n WK) 12 1 1 , 800 41 42 i.200 'l4' 'ii" i.Von 113 iid 3ofl 21 21 8110 12 12 700 2U 26 "Villi 'ii" 'jg UMl 4O0 8 3D Voo '.'.'.'.'. ! ! ! i I ' Voii "I "o 14 ii "no'ii ';n" "Voo '71 '71 .100 1 1 "liio 'ii" -i" 2.3O0 1 .OHO 1.4IIII 3HO 2HO 2'8 200 I no .100 ' Voii 3.-. 2 411 88 7.3 111 2 24 12 s-. 30 48 38 28 24 12 .-8 38 10 18 28 76 21 8 68 61 II 93 83 7 80 2 4 80 10 43 11 8 2 2D o 41 19U J! ,47H 14 ms 113 21 12 21 X 3 48 18 19 30 f 8H 74 11 MS . 77 24 6.1 71 in lo14 81 48 38 S3 . 1 28 24 s .18 iv 26 74 " 8 Liberty 8 .. do first 4 do second 4 ' .... do first 4 80 08 do second 4.. .80.16 do third 4s ... .U2.9J do fourth 4 ...60.20 Victory 4 00 06 do S 09.06 Closing t.ow. Mid. 87.60 87.60 .... 68.80 88.80 8890 88.90 89 00 89 00 92.76 P2.80 80 10 89.14 90.O2 90.02 9.04 99.92 Munich IO 11 I rankfort 4 . lo Jp 4s 71 71 Jtp 1st 4 84 83 Jap 2d 4a 84 83 I aria 6 99 loll V K 6, 1921 99 lOO U K 5, 1922 98 98 IJ K B. 1929 90 98 V K 5, 1937 k 69 89 0705 .01813 .0128 .1770 8.7300 .0145 .0720 ' .0108 .0340 .3162 .O028 .0432 .0I."0 .1300 .097.1 I .0190 .1118 .217.1 .17311 .6275 .73011 49O0, Item ton Closing Mining. Alloues ....... 18 INorth Butte ... 9 Arlxona Com.. 9 lold Dominion.. 22 Cal ft Aril.... 48Osceola 23 Cal ft llecla ..235 Qulncy 88 Centennial 8 'Superior 2 Cop R Con Co. 84 Su ft Bo Mln. 1 K Butte Cop M 9 IShsnon .90 Franklin llllah Con ...'. 3 Isle Hoy (cop). 18 I Winona 43 Lake Copper . 2 Wolvetln .... 11 Mohawk 411 I Karnlng Value of Liberty Bond. BAN FRANCISCO, Sept. 17. Earning valuea of liberty bond, according to their market value, at the clos of business yesterday, are ahown In th weekly taoi laejed today by the federal reserve Dana t be follows: Flrt 8. market prlc 88, approxi mately yield 4.28 per cent : flrat 4a market price 88, approximately yield 4.7 per cent; first 4s. market price 88. ap proximately yield 6.04 per cent: seoonn 4s. market prlc 88. pproxlmtely yield 4 87 per cent: second 4a market prlc 88. approximately Jleia 3.14 per cent; third 4. market price 92, approx imately yield 6.34 per cent: fourth 4. market price 88, approximately yield 3 23 per cent; victory 4a, market prlc 98, approximately yield 6.4 per cent; victory 8a, market prlc 98. approx imately yield 4 48 per cent. Money, Silver. Kte. NEW TORK. Sept. 17. Prim mercan tile paper, 6 0 6 per cent. Foreign bar allver. 63c Mexican dollar. 60c. f LONDON. Sept. 17 Bar allver, 89d per ounce. Money 2 per cent. Discount rates, short bill. 3 94 per cent: three month bill 4 1-164 8-16 per cent. Swift Caw Stocks. Closing price for Swift ft Co. stocks at Chicago were reported by th Overbeck Cook company of Portland a follows: Rwift ft Co OS Llhby. McNeil ft Llbby 7 National leather 6 Swift International 22 Lara Increase la F.xceea Reserve, NEW TORK, Sept. 17. Th actual con dition of clearing bouse bank nd trust compnle for th week show that they hold 34. 623.20 reserve In excess of legal requlrementa Thl la an Increas of 138.256,310 from lt wek. Mew Trk Heads. New Turk bond Quotations furnished by Herrln ft Rhodes, Inc., of Portland: Am Tel ft Tel 6s, 123 A m Tsl A. Tel 6. 1U24 98 Am Tob 7s. 1923 101 Anaconda 7s R. 1929 93 Anaconda A. m-T " Armour cv 7s. 19.10 99 . ju, linn 82 Argentine OI 8s. 1943 72 Am Ag enm is. iwsi Beth Rteei 7s. 1022 100 Beth Rteel 7s. 1923 98 Beth Bteel Eq 7. 1936 9.1 Belgium Ext 7. 1945 102 . . . - mm Mil oeigiura ns, in." -i.-f Belgium 8s. 1940 101 .. a- s-t... ' tftl lrMU Israeli as, wiy . Berne 8s. City of. 1943 101 . .. . r. . . IOAU lirasn na, iiiii tw Canadian 6s. 1926 98 r- tail k Csn N at Eq 7s. 193! . 100 l . XT ixr T- linn 1031 C. M ft'st P genftrf 4A. 2014 68 unic se, ivi ."n Chrlstlna 8. City of. 1943 101 Copper Exp 8. 1922 100 Copper Exp 8s, 1923 lO0 Copper Exp 8s. 1924 101 . . : ' - u- iota: Cuban Amer Sugar 8s. 1931 99 con ua cv i, iii-o Mia Mtch 7. 1935 104 Denm.rk 8, 1846 103 Danish Mun 8s. 1948 12 Pupont 7, li"i ""I s-r.nW en xs. 1048 100 r..rt till. 11)41 93 Ornk Trunk 7s. 1940 104 Ooodyesr 8, 1941 102 (Julf Oil Ts. 1933 9 Great Northern 7s. 1938 102 Hershey 7s. 1I;1" " 1 Humble Oil 7s. 1923 97 T, R.n Tr ref 3s. 1926 63 Int Mar Ct 6s. 1941 J Int Rap Tr 7. 1921 78 Kennecott . 103O 4 Llbby, McNeil ft Llbby 7. 1931 96 Morrl ft Co. 7. 1930 100 Mexien Pet 8a. 1938 NYC cll 7s. 1M0 103 Norwsy 8s. 1940 J0S ..... Tl 7. 1041 .' 103 Ohio C O 7s. 1925 94 Psn Amer 7s. lo Penna 6s. 1936 Jot N P O N (Jnt) 6a. 1938 102 v l A. 91117 .....102 h.o r.'ulo Hs. 1936 98 Southwt Tel 7. 1925..,: 97 Swedish Onvt s. w.n Rtsndsrd Oil of N T 7. 1981 104 u.H..rf nil nf I'll 7s. 1931 10.1 Steel ft Tube 7. 1951 2 J Swiss 8s. 1940 i I""? Sesrs Ro 7s. 1922 98 8..ra Roe Ts 1923 7 Solvsy 8. 127 99 Swift ft Co 7s. m-.-a..- f. T,.b In 10311 102 Vnl King cv 6s. 1922 98 I nl King ev 5,s. 192 80 Cnl King 5s. 1037 80 V Rubber 7s. 1930 100 Wilson 1st 6s. in28 82 West Klec 7s. 192.1 101 We.tlnghoue 7s. 1931 13 Zurich 8. 1943 101 Foreign nnl. ' Foreign bond quotations furnished by the Overbeck ft cooa company oi rortianu. ARE TO!' LOOK 1 NO FOR A UE l h.M).4I.E rKIIDK K IIE.tLI.Hf , Venl flutter Pork i liees ronllry Iris Honey Any, Product Oet our prices.. Rl HV CO., 160 Front NU Portland. Or. Clilua Tsar' Railablllty. Bid. A.-k. Pusslan 5. 1921 3 6 Russlsn 3'-s. 1026 4 6 Pusslan 6s. 1919 17 19 Italian 5s. 1018 30 81 Pritlsh 8s. 1922 37t 8l British 3, 127 361 371 Tlrltlsh 8s. 1929 360 870 I PrltlKh iky 4s 277 2T i Krltish ref. 4s 260 270 I RelKlum rest. 6s 63 66 It':gium prein. is ............ 66 69 Herman W L, 6 Perlln 4 Hamburg 4 Hamburg 4a ... Hamburg 4 ... I.slp.lg 4J Ielpslg 6 Munlth 4 7 7 8 8 8 8 7 8 9 9 9 10 11 10 Ferelga exchange. Foreign exchange rate at th elo of business yesterday, furnished by North western National bank of Portland. Th amount quoted I the equivalent of th foreign unit In United State fund: Rate. Austria, kronen $ .0013 rieigium, rrancs Bulgaria, leva Czecho-Slovakla. kronen Ienmark, kroner .. Kngland, pound aterllng Finland, finmark France, francs G.rmany. marks Ilreece, draehmaa Holland, guildera Hungary, kronen Italy, lira Jugo-Slavla, kronen Norway, kroner Portugal. scudo Rnumanla. lei Sirbia, dlnara Spain, pesetss Sweden, kroner Switserland. franc ....... r. China Hongkong, local curroncy Shanghai, taela Japan, yen Canadian exchange Selling check on Canada at a discount of 10 per cent, buying rhecks at 11 per rent, and buy ing Canadian currency at 12 per cent. NEW YORK, Sept. 17. Exchange Ir regular; aterllng demand 13 71. cable $3.71: franca. demand. 7.08, cable 7.09; Belgian franc, demand 7.01. cablea 7 02; guilder, demand 81.47, cablea 31.63; 111, demand 4.23. cablea 4.23; marks, demand 1.00. cablea 1.00; Greece, de mand 5.22; Sweden, demand 2L60; Nor way, demand 12.88; Argentine, demand 30.23; Brasilia, demand 12.75; Montreal, 10 per cent discount. r MONEY MARKET BECOMING NORMAL Demand for Bond Shows Greater Confi dence a Part f Investor. NEW YORK. 8epL 17. Substantial ex pansion of operations on the stock ex change thl week, mainly at higher levels, reflected further pronounced Improvement of sentiment In leading lines of business and Industry. Trading in bonds, alo at materially better price, ass In keeping with th upward movement of stocks. Liberty Is sues wer especially active, but the quick response of the hank to the 8600.0oo.000 treasury not offering and ready sale of new private underwriting bespoke greater confidence upon the part of Investors. That the money market gradually I becoming normal was evidenced by the absence of any flurry In connection with the mid-September Income tax payments. Funds for day-to-day us wer In excess of requirements and loane running Into th final montha of the year wer mad at concessions from recent rate. Conservative banking Interest are of th opinion that th course of th finan cial marketa In th remaining month of to year will be guided largely by devel opment at Washington. Financial relief for the railroad and drastic revision of prevailing tax and tariff schedules. It Is asserted, will mora than coutnerbalance burden Impoaed by the Increasingly com plex foreign situation. The cotton and grain markets wer more orderly and for that reason attracted lee attention. The extent tJ which credit condition hve been benefited by the ad vance In these commoditlea 1 partly dls closed In this week's report from western and southern reserve centers. Production t principal point of ateel and Iron manufacture show Blow but steady growth, and for the first time In aeveral months price schedules tended up ward. Prominence of Baldwin Locomo tive and related Issues seemed to be based on prospective contract for domestic and foreign consumption. NO RECEIPTS AT CLOSK OF WEEK livestock Price Are Unchanged in AH - Line. There waa no trading at th North Portlnd yards yesterday and no rail re ceipt reported. All prlc wer given at th me range aa th day before. The tone of the hog market was easy, vlue having lost 81.25 during th week' opera tions. Cattl price closed unchanged, al though the market waa no more than steady at any time. Sheep and lamb quotation were maintained. Price quoted at the Portland Union Stockyard were as follows: Cattl Choice steers f 8 00 if 8 50 Medium to good steer 8.60es 6.00 Fair to medium ateers B.oos 6.60 Common to fair steer 4 004 B.oo Chnlc feeder 4.50a 6.0fl Fair to good feeder S .IOrs 4.60 Choice cow and heifers 4.734 6.23 Medium to good cows, heifers 4 23 4.75 Fair to medium cow, heifer 8.2-14 4.25 Common cow Cnners Bull , Chnlc dairy calve Prim light calvea Medium light calve Heavy calvea Hog Prime light Smooth heavy, 230 to 300 lbs. Smooth heavy, 800 lb, up... Rough heavy - g.oots 8.60 Fat pig 10.50 11.00 Feeder pigs lOMitfll OO Stsgs 4.000 7.00 Sheen East -of -mountain lamb ..... Best valley lamb. ........... . Flr to good Cull lmba Eastern Oregon feeder...... Feeder lamb Light yearlings Heavy yearlings IJght wether Havy wethers ...... Ewe 2..10S 8 2.1 1.50 2.50 2. MM 3.50 10. 50 411.00 10. 00 4710.50 7.oo lo.oo 6.500 7.00 10.80 411. no 9. 30410.60 8 50 r 9.50 6. noe 6 30 6.6o 6 on B.Oflf? 6.50 1.60 0 1.00 4.500 6 01) 1 SOU 8.00 4.004S 4 50 2 .Vl 8 00 2.5O0 8 DO 2.00 4 2 50 1000 8.00 Chicago Livestock Market. CHICAGO, Sept. 17. United States Bu reau of Market.) Cattle Receipts. 500; compared -with week ago, fat yearlings nd ood. rhole. light and medlum- f weight steers, mostly 26c to 40c higher; plain heavy and northwestern steers, un even, mostly 25c lower; spot off more: common light cteer about steady; fat heifer, generally 25c higher: ether he atock uneven, mostly stesdy: cnners, trong; bulls, mostly 60c higher; veal calves. 1 higher; stockers, 13025c higher; feeders, steady. Hogs Receipt. 8506: steady to Strang; holdover, light; top. 88.60; bulk, light and light butchers. 83.2508.60; bulk packing owe. 88.7.10 7 23: pigs, steady; bulk, de sirable. 57.250 1.60. Sheep Receipt. 2500; compared with week ago, fat lamb around 75c higher; fat sheep and yearling, 25c to 60c .higher; feeding clssses, firm. Kansas City livestock Market. KANSAS CITY, Mo., Sept. 17. (United State Bureau of Market.) Cattl Re ceipts. 15.000; for week, heavy beef steers, stesdy to 25c lower: other kinds mostly 15 0 25c higher; she-stock and bull, steady to 25c higher; rannera, atrong; atockera, feeders and stock cows and heifers, steady; veal calve, stesdy to 60c higher; heavy calves, 75c0fl lower; stock calvea, 60 0 71c lower. Hogs Receipt. 600; steady to strong; 190 to 210-pound weights. S8.1O08.25: bulk of sale. 8808.25; full load. 87.25; butcher sows. 87; weighty stock pig. 87.66. Sheep No receipt; for week, sheep 1101.50 higher; lambs. $101.23 higher. Omaha Livestock Market. OMAHA. Bept. 17. (United Btatea Bu reau of Markets.) Hogs Receipts, 2500: generally tady; no choice light butcher here; bulk packing grades. $6 1006.75; bulk of sales. 86.2507.26; top. 37.80. Cattle Receipts, 800; for the week, choice ed steer. 16025c higher: other. 25040c lower; western steers nd heifer, steady to 25c lower; cow. 25060c Iowr; bulla, ateady; veals, steady to 60c lower; tocker and feeder. wak to 25c lower. Sheep Recelpta, 200: compared with week ago, lamb 75c0l higher; hep and yearling, 60075c higher; feeders, steady. Seattle Livestock Market. - SBATTLE. Sept. 17. Cattle No re ceipt; stesdy; quotationa unchanged. Hogs Receipts, 86; steady; quotation unchanged. BAN FRANCISCO PRODUCE MARKET Price Current on Vegetables, Fresh Fruits, Kte., at Bar City. SAN FRANCISCO. Sept. 17. Vegetable Squash, per 40-pound lug. 4OC06L1O; potatoes, $203; onions, new yellow, 82.50 02.75; brown. $2.750 3; tomatoes, nosy 85c: bell peppers. 30 4c; beana. 406c; lima, 607c; Italian prunea, 606c; car rota, a sack, II: eggplant, per pound, 80 5c: corn. 31.5001.75 lack: lettuce, $1.25 crate; celery, 1-16 5 crate; peas, 70c a pound. Poultry Hen 25 0 30c; young roosters. 200 25c: old rooster. 16018c: young chicken. 82038c; ducks. 2O023c; dressed turkey. 4.1c; llv turkey. 85 050c Fruit Orange, $405.60; lemon. $4.25 06.25; lemonettea. $2 0 8.50; grapefruit. $406.80; apples, 1.7502.50; strawberries. 81. 2001. SO per crate: nuckleberrtea, susy 40c drawer; huekteberrie. 12 015c per pound; raspberries, 600 75c drawer; pcachee, $1.7503 25 per lug: cantaloupes. tandrds. $101.30; ponies, 75c0$l; (lata. 40 7.1c: fla-s. double layer. 658.lc: pluma, 62x2. 75 crate: watermelon. 01c pound; grape, seedless. 90c 01 25; other varie ties. $1.25 0 2; pears, $1.5003.75; cran berries, $6 box. Receipts Flour. 188 quarter sack; wheat, 100 cental; barley, aoio cental; corn, 950 centals; potatoes, 9046 acka; onions, 188 sacks; hay, SOU tons; hides. 700 no. QUOTATIONS ON DAIRY PRODUCE Market Prices Ruling aa Butter, Cheese and Eggs. SAN FRANCISCO. Sept, IT. ;Dalry pro duce exchange closed. NEW YORK, SepL 17. Butter Unset tled. Creamery higher than extraa. 480 4c; creamery extras, 44c; creamery firsts, RTI.lt. Eggs Firm. Fresh gathered extra firsts, 42046c; do firsts. 88 0 41c. .Cheese Firm. Unchanged. CHICAGO, SepL IT. Butter Unsettled. Creamery extras. 42c; standards, 88c; firsts. 83 0 41c; seconds. 80 0 32c. Eggs Higher, Receipts. 7008 esses; firsts. 84 0 36c; ordinary Xlrata, 20030c; miecellaneous, 21033c. SBATTLE. 8pt. 17. Egg, aelect local nnch, white shells. 4.1c; do mixed colors, 86039c; pullets, 34 0 35c Butter City creamery cubes, 46c; bricks or prints. 48c. New York Sugar Market. NEW YORK, Sept. 17. Raw sugar cen trifugal, 4.86c; refined, fine granulated, 3.6005.65c. Naval Store. SAVANNAH. Gl. Sept. 17. Turpentine firm. 6505c; sale. 92; receipts, 292; shipments. 2833; stock, T253. i . eU, XI!' p.- i n I SCI II ' hlpments, 20.13; stock. 72.770. Quote: B, -..a. I - . 1 . . . . n a. n. U , SO. I. 81.70: K. 4.80: M. 84.90; N. $3; Wt), $3.25; WW, $3.73. Cotton Market. NBW YORK. Sept. 17. Cotton 8pot culet. Middling. 18.60c. ill ! I Canadian National Railways Grand Trunk Rail way of Canada 15-Yr. 6 Sinking; Fund Gold Debenture Bonds. 951,4 to Yield 6.50 Our aartlrlpatlnn In tkla splendid syndicate has been sold, tint we shall be triad ta fill ardera at market pricea. M anticipate that tkla -Issue. I I he high - grade svadlrafe fnsnae at m I mi ss r character, ta which we have participated, will rapidly advance In price. Headquarters for Con aervatiTe Inrestment CLARK-KENDALL &C0 INC. flflh and Stork Streets GOVTRhnCNT-MUHIGPAL COWOfiATlOM BONDS m IS 3rM 9 BONDS 9 We offer subject confirmation, unsold portion of $45,000 Superior Portland Cement Company Serial First Mortgage GOLD BONDS Dated Dec. 2, 1918 Due serially, 1923-1935 Coupon Bonds $500 Denominations Callable any interest date at 102. All maturities priced to yield 9. Write for circular and list of maturities. II. E. WILLS COMPANY Investment Bonds 316 U. S. Bank Bldg. Bdwy. 1011 I Jj r j RAILROAD AND SAWMILL Located on the OLYMPIC PENINSULA STATE OF WASHINGTON by the United States Spruce Production Corporation A 0Terntt.tnt Areirfjr Ormntcel nnilw Art of ron-" fmm, entitle "An Art mmkinc a p propria tioa for the I support ! th Arvxj," etc. Appravod July . ItUS.J 1- Z !V! 1 CIH am . Avi, -rV5 a,. ' T ' .MO 4 .a 7 ' '"I q if conner fo twAr conpirrro j Goe nrae-creo i iatcs The United States Spruce Production Corporation reserves the right to reject any and all bids. Subject to prior sale, sealed bids will be received at the office of the United States Spruce Production Corporation, Couch Building, Portland, Oregon, up to 12:00 noon, November 1, 1921; and then publicly opened, FOR PURCHASE OF SPRUCE PRODUCTION CORPORATION RAILROAD NO. 1, CLALLAM COUNTY, WASHINGTON, AND THE'SPRUCE PRODUCTION MILL, PORT ANGELES, WASHINGTON, JOINTLY OR SEPARATELY. UNITED STATES SPRUCE PRODUCTION RAILROAD No. 1 I-rtlon Connecta with the M LI w acute System at Dlsque, 17 m lifts wast Port An lea. Mala line completed t 6 miles ta Lake pleasant. BMinrre 'Independent connection with Puffet Sound possible by con struction of 5 miles from D.sque to Port Crescent. Spurs agTes:atlng 70 mllea traded for opening and developing of timber immediately tributary, estimated, prior to the storm or last January, at billion feet, consist In of 2.393.000.000 feet of Fir. S7. 000,000 feet Spruce, Mll.OOO.OOO-feet Cedar, 2."13.OO0,OO0 feet Hemlock. Timber throuch which losjrtns branch spurs are (Traded Is privately held without In cumbrance by la r ire owners. Productive locfftnt; operations physically possible within AO days for marketing loss to Port Angeles or other Pucet Sound mills. Tcpos;raphjr lends itself to economical lonirlnc and Is fully snapped. Main line may be extended 60 miles through virgin timber, also affected to some extent by storm o January laaL . Numerous water power sites adjacent for large pulp or milling devel opments. Construct! cm Pegjoned. substantial " roadbed: standard gauge 10-lb. rail; gravel and "ock ball ant; wide clearances; K-&0 structures; maxi mum 14 deg. curvature; gradients 1.25 vs. loads, 2 vs. empties; 1 summit. S. miles siding Installed; 8 5 njUes additional ridings graded. Main line construction Involved 1,2M) 000 yds. grading. 640 lin. t, tun nels, 80,000 lin. ft. piles, 600,000 F. B. Y. Umber In place, 6e,0o0 yds. ballasu UNITED STATES SPRUCE PRODUCTION MILLPORT ANGELES, WASH. Shipping Far little Alongslde deep water Puget Round; Chicago, Mil waukee A St. Paul Transcontinental Railway 8) stem. Pacifto coast terminal rates. Mill Bollfllng Heaviest timber construction, conforming to accepted commercial practice, 90 completed. Machinery Individual units electrically driven; one 10 and one 11-foot band head saw; ttO-lnch gang; tU-lneh renaws; cargo and rail overhead loading cranes: entire layout and Individual machines of accepted commercial type. AH unused and In storage at Vancouver, Wash. Capacity 400,000 F. B. M. per 8-hour day. Fewer Plant -Fireproof brick building on solid concrete foundation; Cuntodls stack; ref wee burner; 2400-H. P. water tube boilers; present provision for lltoo K. W. turbo generator; piping and room provided for additional 2OO0 K. W. Ample Water Supply. Kngtnertng -Highest Quality skill and design In entire Installation by recognised experts of wide technical and operating experience. Hit Ample for all purposes. Isgr Pond 15 million F. B. M. storage capacity. Housing Facilities Camp buildings, modern cottages and thres-story &o-room brick hotel, completely furnished; also considerable housing room In city. TFRMS nf No bid for less than $1,500,000 will be accepted for both properties; no bid for less than $1,000,000 will be Accepted for the DirVrTf KTaT -"""road property; no bid for less than $600,000 will be accepted for the mill. BIDDING As the above minimum amounts are considerably below the commercial and reproduction "value of these properties, the Corpora A CA! T tlon reserves the rights to accept any offer In excess of the above minimum amounts for either one or both of these properties, DQ OJLLs on or before October 17. 1U2L. In the' event of such offer or offors being accepted notices will be promptly mailed to all those who have applied for further Information or submitted bids. Purchaser of Railroad must agree to operate aame as common carrier. Deferred payments (at 2 Interest) over period of 10 years will be allowed. I AH bids must be accompanied by certified check for $25,000, made payable to the United States Spruce Production Corporation, same to be re tained as liquidated damages upon failure of bidder to complete purchase on award; but to be returned In event of rejection of bid. All bids must be made en forms and under conditions contained In the prospectus which will be supplied upon request by the United Hates Spruce Production Corporation. Titles to real property, timber, maps, layout plats of mill and 'master Index of machinery may be examined at the offices of the United States Spruce Production Corporation Couch Building - - Portland, Oregon, U. S. A. New Issue- We own and ofer Grand Trunk Railway Co. of Canada 15-Year 6 Non-Callable Gold Bonds Due September 1, 1936 This Issue Is Unconditionally Guaranteed by . The Dominion of Canada Price 95 V4 and Interest to Yield 6'i Phone or wire orders collect. F.l.nevereaux RCompany INVESTMENT 80NOS ST SIXTH STREET POUT LAND, OREGON BROADWAY 1042 ROUND FLOOR WCLLS-TARCO SUILOINO Qualified Senior Accountant Wanted AF 9 Oregonian 10 SHARES T-DAT OP TION FOR THE 0t.Y WAY TO TRADE SAFELY IN THE STOCK MARKET $r Unlimited J Profits Any Stock Exchange Issue Write far booklet B4 Free C. Goldhurst & Company Service Reliability 0 Draai Street, New Yerk Port of Portland 5-year 6 s at 101.50 Denom. $500, $1000 These bonds are the direct ren eral tax obligation of the Port of Portland, which comprises the entire City of Portland and 143 square miles adjoining;, with a total assessed valuation of $329,413,470 and a debt of less than 11.400.000. Cash or Partial Payment Plan Wire orders "collect." CFasapvaa a ma Svrntivinni aN a- am i n soumnooa CAMP M) rvm asia syrae Vw io TAX EXEMPT $23,000 CITY OF ' ASTORIA Oregon, 6 . ' Special Fund WARRANTS Dated July, 1921. Estimated maturity July, 1924. $500.00 Denominations. Price 94.76 and accrued interest to yield 10. H. E. WILLS COMPANY Investment Bonds 316 U. S. Bank Building Phone Bdwy. 1011 We Own and Offer LAKE COUNTY (OREGON) SCHOOL DISTRICT NO. 14 6s Due April 15, 1941, to yield 6 Assessed Valuation 1920, $1,064,294.00. Bonded Debt, $40,000. LINCOLN COUNTY (OREGON) GENERAL OBLIGATION ROAD 6s Due serially Sept 1, 1926-35, to yield from 5.90 to 6' Assessed Valuation 1920, $11,000,224.47. Bonded Debt, $280,000. CITY OF VANCOUVER (WASHINGTON) GENERAL OBLIGATION DOCK 6s Due serially Sept. 1, 1923-34, to yield from 5.85 to 67o Assessed Valuation 1(21, $5,207,080.00. Bonded Debt, $190,000. CUSTER COUNTY (MONTANA) GENERAL OBLIGATION 6s Due January 1, 1931, to yield 6 Assessed Valuation 1919, $36,299,602.00. Bonded Debt, $(31.S8. PORT OF PORTLAND 6s Due July 1, 1926, at 101.50 and accrued interest. Assessed Valuation 1920, $329,413,470.00. Bonded Debt, $1,396,619.1$. All the above beads are exempt from federal Income tax Detailed clrulare famished vaoa, reqaeet WESTERN BOND & MORTGAGE CO. M) Paarth Street. Ground Floor Board of Trade Kids;. Telephone Main 113 1'ortland, Orrs Phone Your Want Ads to THE OREGONIAN ..... Main 7070 Automatic 560-93 Organizing a Company? Save the usual ' incorporating expenses, avoid personal liability and excess profits taxes. Organ ize on the common law plan un der a Declaration of Trust like so many excellent companies are organized. Ilrmiir, Standard Form (approved by a 1 1 o r neys) furnish complete equipment with which anyone in any state can or ganise a company, issue shares and begin doins: business the same day. The cost of a complete out fit is very small. Ask for circu lar A42, containing; Will descrip tions. C. 8. KKMARKI- ea-al lilank Printer, 13 Walnut, Hansen City, Mo. HERRIN& RHODES, Inc. Xatabllshed 189. BROKERS Kew Tor. Ptorlts, Bond. Grain, rotten, Private Wire. Mrmber Chieac Uuard of Trad. I01-S Railway Kzcbans Bids. Xlaa Mala Ski-SM. OVERBECK & COOKE CO. Brokers, lnrk. Bonds, Cotton, Urain, lite. fUWtn BOARD OF TRAPIt BLTXfc Walla Walla, Waaa. t'urtlaaO. Or. faafUetoa. Or. MEMBERS CHICAGO BOARD Of TKAUK, Correspondents of Ins Bryan, thk-aco aad f Vera. MEMBER New York Htaek Ki'-banrs, Thlraao Stork Elrhan. Boston oJork Kxchane. ( totras Hoard of 1 rod, hew srk Cotton Ksrhanm, Vs Orlran Cotton F.srhoasa, New aork sroJuro '" 'n s fi Winnipeg Grain feschang. Livaryool Cotton Awrllloa 20 MONTHS to par fbrnr Mode ar I is I. Pufhwrroiii otv.ri.naa. Wn (or beokiat fSLBti. RODNTYA.CO. MamCa.Sal MMitfH. T. 5 j Broadway, Now York 0