THE 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
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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