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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Sept. 25, 1921)
THE SUNDAY OltEGONTAX, PORTLAND, SEPTEMBER 23, 1921 BOND DEALINGS LME LIBERTY ISSrES ARB ACTIVE, MOSTIiV AT ADVANCES. Hails Are Strong Feature of Stock Market Foreign Oils Voder Frensure. KSW TORK, Sept. S4. Trading during today's short stock market session was subjected to conflicting elements, th fur ther advanc of raits being counterbalanced by beavlnea of foreign oils. Gains of oas to thre points smong transportation war led by Cleveland. Cin cinnati. Chicago a ft. Louie, based lrgly on that road's excellent annual statement, ratifies arirf.d to recent advances and Mt. laul represented the stronger granaera fools were active In chemicals, fertilisers and domeetlo oils, effecting temporary (sins of one to two points, bat the usual leaders among ateela, equipments and mo tors moved within comparatlvsly narrow bounds tilling of Royal Dutch, which suffered an aitrems setback of five points, af fected Mexican Petroleum and Oeneral Asphalt, those Issues rescting 1 to 4V points Sumatra Tobacco was under steady pressurs and contributed to ths irrlgulaf tone. Rales wars 2S3.0O0 shares Ths bond market retailed Its recent o Jv sad strop s trend, with further heavy dealing In liberty Issues, mostly at ad vanoea. Similar tendencies ware shown by sjonvsrtlbla raUway Issues Trading In foreign sxchsnfft was per functory, aslda from sterling and franca Tbs Greek rata was reavy and far east arn quotations were sonfuslng. Japaness bills fell back again, while ths Chines and Shanghai sjuotatloo mads aaotbor ' ad vance, presumably on furthsr buying of ailver hers and In Iondon. Weekly reviews of mercantile authorities were la beeping with recent hopeful for eaata Ths buying demand In wholesals lines showed an Increaee over ths prs edlng week and was much larger than ths rreepondlng period af lOiu, collsoUons aJa Improving. CLOSINO STOCK QWOTATTON9. CFurnlehed by Ovsrbsck at Cook eem any. 1'ortland.) Bales. High. Law. Advane Ram. ...... do pfd . M Agr Chem ... too ..... do pfd ..... ... Ala Rubber. ... Alaska Uokl .... Alaeka Juneaa 100 1 Allied Chem.. 4.. '.CO 4714 2.200 St 100 7.000 400 ino 1.3U0 "Voii 7f0 .11 X) 4. two 5. wio loo 1.300 e'oo Vnii 8.0HO S.4II0 2IIO 2. mm l,4vl 100 i.Vno 30 800 i.o'n'fi 200 "VoO l.ftoO 100 100 800 1,0 IWIO COO 100 i.Vfl'6 ,300 800 1O0 ""eoo '2. Vino 1,700 200 100 l.tuo Ills Chal do pfd Am Meet Bug. Am poach ... Am Can Co... do pld ..... Am Car A F.. do pfd , Am Cot Oil... do pfd . .... Am Irug Syn. Am Hid U do pfd Am Ire ...... Am Intl Corp. Am Llneeed... do pfd .. Am Ijnco . . . do pfd . ... Am 8af Rasnr Am tlhlp A C. Am Hmelter. .. do pfd ..... Am Hnuff . . . Am Hteel Fdy. Am Hiisar .... do p(d ..... Am pamttra.. Am T A T. ... Am Tnb do II Am Wool ... do pfd Am W P pfd.. Am Kino .... Anaconda, .... Aeert Oil ..... Atchlifnn ..... do pfd ..... All Cnaat Lin All a W 1. Bald Loco ... do pfd ..... Bait A Ohio. Beth Steal B. B R T Butt C A Z. Butte A Sup.. Caddo Oil ... Cal Pack .... . Cal Pet ...... do pfd ..... Can lao . .... ten Leather.. Cerro da P... Chand Motor. Chi AN W. Chi Ot West.. do pfd . . Chill Cop .... Chlno C M St P..... do pfd .... Coco Cola ... C A O Colo- r A I... Colo Southern Colo Q A K... Col Uraph ... Con Gas .... Con Cigars .. do pfd .... Contl Can ... Contl Candy.. Corn Prod ... do pfd Coeden Oil ... C R I A P.. do A pfd... do B pfd... Crucible ..... do pfd .... Cuha Can . do pfd . ... . Cub Am Sugar Tl A Hudson Pome Mines.. j 1 , r . . . . . . . do pfd T.ttil Johnson. 800 ne do 1st pfd.. do 2d pfd. .. rm Players. ed M A Sm... . do pfd . F1ek Tire ... tiaeton Wms. Oen Cigars .. ...... tien Bleo .... 200 On Motor ... JOOO Clen Alden... Mn Asphalt.. 4.0O Goodrich 100 Onodyear (iranhy rt Nor Or. .. do pfd Croene Can .. C.ulf 8 Bteel... llaek Barker.. Houston OH.. Hup Motor ... Ill Central .. Inspiration . .. Int Agr Corp. do prd Interboro . .. do pfd Intr Callahan. Int Harv .... do pfd . ... Int Mrr Mar.. do pfd . .... Int Nickel . Int Paper .... do pfd Invln Oil .... Jaland (ill ... Jewel Tea . . K C Southern. do ptd Keily-H,gfld . K ennecott . . .. Keystone Tlr Lack Mi eel ... I.ee Tire lhlgh Val .. 1-orlllard I -owe Theaters I. A N Alas Motor A. do n Mex Pet Miami M Id State. Oil. Mldv Hteel . .. 11 K A T do pfd Mont Power.. Sfont Ward... Mo Pac do pfd V St P SU. M A St It Nat Illncult... Nat Knamel.. Nat Lead .... Nev Cnn New Haven .. Nor A West.. Nor Pao Nov 8-o Steel. N T Air Hrk.. N T Central.. Okla Prod ref. Ont Silver ... Cnt A West.. title Steel .... lao U A as... J'ac Mall Pad Oil I'an Am Pet.. do B Pinna J'fn nmm ..... 4 200 27 27 83 800 81 87 St 2 42 JOTS 82 80 M eXt 40 ' 107 124 1.2O0 73 71 88 8" 'ik" 2S 011 S 97 S 80 "ioi St 28 'i.ivi 88 17 10 , 404 84 24 '6' 4 88 88 '88 7 27 87 97 89 6 a a 4 io'" 63 80 iis 2o .? 10 40 84 86 24 'ii'i 88 76 78 40O 600 Sort SOO 100 SOO 28 84 7S4, 80 4 103 20 83 13 19 2 84 7 8tt 83 102 20 J4 13 19 84 it 200 ... 124 10 41 82 800 21 10 00 73 21 40 123 10 41 BO 3J 74 21 89 100 82 62 300 800 " Voii l,2i Ml Hon 1.000 lOO V'ii 700 3.900 ' Vo'o 4,100 (M10 1.3IM) olio 1.1O0 1,100 100 1.800 flilO 18.200 21 Ml 2.800 Voo 100 100 8,800 200 '1'0'd 700 100 1.700 90 84 2 7 4 40 14 1 ";'' 2 1014 21 81 42 20 11 64 'ii 103 i2W 20 41 11 1A 84 2 7 4 43 1.1 80 "r 2 10 2 81 41 20 11 84 10 21 11 20 40 10 13 '78 800 73 73 4 21 '0 8S" 411 44 SH r.i i,, 200 700 100 1.300 4.1100 l.loo 0O0 ? 4IHI 21 B 48 44 80 its a Bid. 13 83 83 61 23 4.5 83 73 28 i 27 79 127 108 19 24 4 10 81 B 82 ! Tit iSS s3 8i 71 lno 23 62 88 40 107 123 12.1 73 DO 21 8 8S PO 85 80 87 27 88 89 6.1 55 13 10 63 46 72 113 28 20 43 . 68 7 16 10 33 20 40 4 86 24 86 69 4 88 28 48 42 76 104 23 34 784 66 63 80 8 19 13 102 20 84 18 10 84 8 22 10 87 123 10 41 60 82 10 29 75 20 3U 87 82 10 96 83 .7 87 2 7 4 78 100 8 43 13 80 90 8 2 10 26 81 41 20 11 41 26 B2 146 14 110 3k 8 101 21 11 23 1 2 484 19 40" 71 116 87 74 10 13 96 78 21 B7 73 1 9 60 83" 47 . 43 80 M ARK TOC tOOKINO FOR A I)F. I'KNDAdLE I'KOUKK KEALLHf Veal Butter I'ork heews I'oultry Fggs Uonry Any Prodact Get oar prices. Kl'BV A CO 169 Front St. Portland, Or. Clxteen Tears" Reliability. 1O0 1O0 Boo 24 24 9O0 12 12 "'too 'HM 27S I - 100 200 13 12 1.100 73 73 "06 "83 62 1.0O0 10.700 13 43 13 42 200 68 68 3O0 1.9110 100 io.SOO 100 "00 "f.'oioo Voii 1,1000 300 8O0 900 0 800 l.AOO 100 800 t.381 100 34 20 81 21 84 '74 "i 86 23 19 67 7 18 123 26 68 9 107 83 47 49 7 1.200 301) 2.300 bOO 8.800 80 78 34 19 80 21 "24 '7J " 83 23 18 60 7 17 122 26 63 8 107 82 47 48 88 8O0 SOO BOO 100 200 800 lOO 100 900 too 100 30 29 82 ii 49 29 ii 48 48 18 29 24 11 68 27 74 87 98 73 23 82 U , 80 13 41 3 2 ; 83 W in 70 86 80 20 46 24 81 74 94 s'$ 23 18 87 t its 122 26 66 107 7 18 68 46 49 88 82 78 109 49 29 63 82 Vi ti i 23 a 63 v 86 43 J 8 87 31 28 111 10 8 Per Marq ... Phils Co Pur Oil Plerc Arrow. Pierce Oil .... Pitts Cosl ... Pitts A W Vs. do pfd Pr Hieel Car.. Pullman ...... Ray Con . Reading . . . . Replo titeel .. Rep I A 8.... do pfd ..... Rep Motor. .. Ryl Dutclk Oil Ky Steel Sp(. 8axon Motors Sears Roebuck Shsttuck Arts Shell T A T. Hlnclalr Stand Oil Cal. Sloae Shef ... So Pao So Ry do pfd . ... . St L A H P... Strom Carb... Studebaker ... Swift A Co... Tenn O A C. Texas OH ... Texas Pac . .. Tex P C A O. Tob Prod . . .. Tr Contl Oil.. Inlon Oil Del Cnion Pao ... L'nlted Alloy.. United Drug... Ltd Fd Prod.. United Krult.. Ltd Rda N J. do pfd TJtd Rtl Stores U S Ind Al... U S Rubber. .. do 1st pfd.. U 8 Smelling. U 8 Steel.... da pfd .... rtah Cop ... Ta Cbera. ... do pfd .. Van Bteel ... Vlvandoa .... Wabash do A pfd... do B pld... West Pso .... do pfd . ... . West Union... Westh A B.. West K A St.. West Md .... Whits Motors. Wlllye-Ovld .. do pfd . .... Wiieon Pack. Wl Cen .... .. Wool wort h . . ., Worth Pump. WALK BONUS. TJ 8 tm rg....loNor Pa 4..... T7H U 0 3s oa....loo!Nor Pac 8 87 U S 4s reg....104!PaO TAT 6s. ..88 U 8 ev 4s coa.,H4!Penn con 4s Pan 8 reg ... 76!wa Pac ev 6s..9? Pan 8s cou. .. 76lf4na Ry B 86 Am TAT ov 6s IOI il'n Pa 4a 82W Atchen gen 4s 78IU 8 cUeel 8s.... 96 D A R O con 4s 88 NIC dab 6a. . 9 Liberty Bond Quotations. lyfberty bond quotations -furnlnhed by Over beck A Cook company of Portland: High. Low Close. Liberty 8S ...... . . 88.80 88.34 88 44 do 1st 4s.......... 90.00 do 2d 4s 80.80 do 1st 4s 90 28 80.70 90.13 do 2d 4is 90 H4 89.74 90.02 do 8d 4'4S 9:1.76 93.04 93 72 do 4th 4 90 36 811(18 90.36 Victory 4a. 99.32 99.28 90.32 do ..... 99.82 Mining Stacks at Boetoa. BOSTO.V. Sept. 24. Closing quotations: Alloues 18 IVtah Cona 3 Ariz. Cora 8 Isvinona 43 Cal. and Arts.. 47!ll uJsaio, Cal. and Hecla.230 (Shannon 90 Centennial .... 8 lOld Iiomlnlon... 21 Cop. Its. C. Co. 33 Oeceoia 28 K. But' Cp M. 8 Qulncy a franklin 1 Superior 2 Isle itoy (cop). 19 Sup A Bos M... 1 lik t opper... 2, North Butt ... Moaawk 43 Swift Co. Stocks. Closing prices for Swift A Co. stocks at Chicago were reported by ths Overbeck A Cooke company of Portland as follows: Swift A Co 93 Llhby. McNeil A Llbby 7 National Leather 6 Swllt International , ... 22 Hoary, Silver, Eta. NEW TORK, Sept. 24. Prim mercantile-paper. 6fB. Koreta-n bar silver, 68o Mexican dollars, 62 a LONDON, Sept 24. Btr silver, 41 a per ounce. Money, 8 per cent Discount rates, short bills. 4 per cant; three months' bills. 44 per cent. New York Bonds. New York bond Quotations furnished by Herrln A Rhodes. Inc.. of Portland: Am Tel A Tel 8s. 1922 89 Am Tel A Tel 6a. 1924 99 Va Am Tob 7f. 1H2S 101 Anaconda 7s B, 1929 93 Aaneonda 8s A. 1929 90 Armour ov 7s. 1930 loo 4a Armour 4s, 1939 82 Argentine UI Be. 1948 71 Am Ag Chm 7s. 1941 97 Beth Steel 7s, 1022 1O0 Beth Bteel 7s. 1923 99 Beth Hteel Bit 7s, 1933 95 Belgium Kxt 7a. 1948 102 Belgium 6s, 1923 93 Belgium 8a, 1940 101 Bergen 8s, City of, 1945 100 Berne 8a, City of, 1943 100 Braxll 8a. 1941 lotn. Canadian Be, 1R28 94 Canadian 6a, 1931 91 Can Nat Kq 7s, 1933 101 Chlcsgo. N-W 7a. 1930 103 C 11 St P in rt 4a, A, 2014.. 88 Can Nor 7s, 1940 103 Chile 8a, 1941 98 Christiana 8s, City ot, 1948 101 Copper Kxp 8s, 1922 101 Copper Kxp 8s. 11128 101 Copper Kxp 8a. 1924 101 S Copper Kxp 6a, 1923 ...102 Cuban Amer Sugar 8a. 1931 ........ 99 Con Oas cv 7a. 1923 101 Dla Match 7s. 1933 1i8 Denmark 8s, 1945 108 Danieh Mun 8a, 1945 102 Uupont 7s, 1981 99 French Ext 8s, 1943 lO0 French 7 He. 1941 03 Orand Trunk 7a, 1940 108 Goodyear 8a, 1041 103 Oulf Oil 7s, 1933 99 Or. at Northern 7a, 1938 104 Hershey Ts, 1980 8 Humble Oil 7s, 1928 I..... 98 Int Rap Tr ref 5s, 1068 83 int siar t i oa, jws& si Int Ran Tr 7a. 1921 78 Kennecntt 7a, 103O 94 Llbby McNeil A Llbby 7a, 1931 93 Morris A Co 7 He. 1030 100 Mexican Pets Ss. 1988 98 NYC csll 7s. 1930 108 Norway 8a, 1940 106 Northweat Tel 7a, 1941 18 Ohio C O 7s. 1923 94 Ohio Powsr 7s. 1051 95 Pan Amer 7s. 1930 92 Penna 6s. 1936 103 N P A O N (Jnt) 6s, 1988 104 San Paulo 8a, 11136 97 Southwt Tel 7s. 11123 99 Swedish Govt 6s. 19.19 891 Standard Oil N T 7a. 1931 14 Stand Oil of Cal 7a. 1931 104 Swlaa 8S, 19411 106 Sears Ros 7a, 1021 100 Sears Ros 7s. 1922 99 Sears Ros 7s. 1928 98 Solvay 8s, 1921 100 Swift A Co 7s. 1928 100 lln Tank 7a. 1930 102 I' 8 Rubber 7a. 1930 loo Wiieon lat 6s, 1928 82 West Elec 7s. 1923 101 V Weatlnghouse 7s, 19S1 102 Zurich bs, 1945 101 Foreign Bond. Foreign bond quotations furnished by the Overbeck A Cook company of Portland: Bid. Aek. Belgian rest 6s 60 63 Heigisa prem as 64 69 Belgian 7s. 1945 103 103 Beigaln 8a, 1941 101 101 Belgian ta, 1925 93 93 Braxll 8s (new) 99 100 Brltieh 6a. 1922 872 32 British 5a, 1922 378 8M0 British Ba, 11127 307 371 Brltlah Bs, 1929 330 8rt British vky 4a - 278 2v8 Brltlah ref 4s 261 271 Bordeaux 6a. 1934 84 84 Canadian 6a. 1926 934 94 Canadian 6a, 1929 93 94 Canadian K. 1921 90 X 100 Canadian 6s, 1027 87 88 Chilean 8s. 194 1C 9814 98M Currency 7 It Denmark 8a. 1943 103 108 Dun Muni 8. 1945 102 102 French 6a. 1920 4 63 French 4a, 1917 45 48 French 6a. 1921 65 66 French 3.. 1931 S3 80 French 7s, 1943 93 93 French 8s, 1945 100 loo Paris 6s 99 100 . Germsn W1.58 ., 7 g Berlin 4s 8 8 Hamburg 4s 8 10 Hamburg 4s 9U Lelpelg 4 He 10 Lelpslg 6a 8 10 Munich 4s 9 10 Munich 6s 9 . 11 Frankfort 4a 9 10 Italian 6a. 1918 80X4 XI u. Jap a, 1031 70 H 71 H Jap lt 4Ha. 1023 k 86 Jap 2d 4a. 1023 86 86 Norway 8a. 1940 103 105 Ruaalan 3 Ha. 1021 13 17 Ruaelan 6 He. 1IIJ6 4 3 Human Il'n. loin 1.1 H 17 Ruaelan 5 Ha, 191-6 4H 8 Russian lit, 191 Ljfc 171 of .0720 .0090 .03O5 .8190 .0020 .0420 .0031 V .1000 .0093 .0193 .1310 .2210 .1784 .8380 .7600 '5 Swlaa Bt4a IOCS 89 90 Swles 8s. 1940 85 83 U K 8 He, 1921 SWi 1'iu tl K ILi 1U22 984i 99 U K 6 Ha, 1929 PO 9l U K 6 Ha. 1987 89 89 lafelm Exchange. ' VmmIm. ..K.nve p. th filOSS . , . - .l.k. Klnh V.l...l K.nto n. PnrtlUiS. The amount quoted la the equivalent f the lorsign emi in umwg r. ,.ur. . u u. - Country-Foreign unit Rat Aaatria, kronen ......$ .00 Ki'l r 1 11m franca .07 Bulgaria, leva 0090 Cxecho-Slovakla. kronen 0120 Denmark, kroner itoo England, pound sterling 8.7300 Finland, flnmaxk -0107 rian, naaui ....... Germany, marks ..;...... tirvece, drschmaa Hollsnd. guilders Hungary, kronea Italy, lira Jugo-Slavla, kron . norwsy. Kroner Portugal, escudos .... rtoumania, 11 Sorbin, dtnara Spain, pesetas Sweden, kroner .... Swltxerland. franca .... currency ehanghaL tasla J. nan v. n .... .48' Canadian xchang- Selling checks on Canada at a discount of 9; buying chocks on Csnada at a discount of 10.: buying Canadian currency at a discount of tike NKW YORK. Sept. 24. Exchange Irregtl lar: sterling, demand. 13.72: cables. 18.73; franca, demand, 7.18; cables, 7.14. Belgian francs, dsmsnd. 7.07: cables, 7.07 H Guilder, demand. 81.80: sables. 81.86; lira. aeraana, (lis; cables, 4 16. Marks, de mand, .81: cables, .91. Greec. de mand. 4.95. Sweden, demand, 21. 83. Nor way, demand. 12 60. Argentina, demand. 8L75. Braalllan. demand. 18.12. UoDUaaL ai-83 par cent discount. DKMAXD FOR IXYISTMENTS GREATER Lwwarlna- of Badlaeoont Rates Featur af Weak In Financial Ckrelea. NEW YORK. Sept. 24. Lowering- of re discount rales her and la Boston to pro- war lvla, concurrent wlih th stmt gr.i position of rasarv bank and a quicken ing of th Investment demand war fac tors of an active wee a in th financial markets. Other stimulating developments Included several highly favorable statements of August warnings by leading transportation systems, tsnowed assurances from govern mental ssurees that '.h acuta period of realjustment haa sndsd and promts of arlv rci'.ef by congress. Various Industrial and eomraer-lal signs Ireloental to ths appro of th year'a final quartor aiao were of an sncouraglng character. Theso found expression In th sradual Increae of production in Impor tant branches of manufaotur and freer supplies of money for mercantile ?urpo On th bond market, wher daliut,4 were unusually sxlenstv and broad at th highest levels of th year. Improve n.ant extended from liberty and victory Issues to rails and industrials. Th moet active demand, however, was tor car trust certificates bearing th guarante of the federal administration. Rscent and pros pect:v offerings of thee securities ag' gregat 1100,000,000. Movement of stocks war less eon' vlnolng and irregular, leader In th steel. squlpmsnt and oil divisions denorng oi vergenl sentiment among prolosaional tradera. Specific reasons sttached to the weakness of csrtaln specialties reoresontttl by secondary tobacco, textil and load shsrsa. Ths west and sooth reported additional liquidation of grain and cotton bills, with further marketing ot thass aomtnoditle. Ei porta of foodstuffs continued in heavy volume. Kxchanges on London, Part aid meet ot.-ier continental centers wer nigtr, ae salt misgivings regarding Germany's fu ture reparation payments. Ths pre:arlue economic position oi several ot tne m.w European governments wss sviaencea. however, by severe shrinksgs of Austrian, Polish and kindred remittance Sorplas auwerva Is DutrsassJ. NEW YORK. Sept. 24. Th actual eon dltion of clearing houss banks and trust compsnles for ths weeks snows that they hold S32.838.930 reserve In excess ot legal requirement. This la a decroas ot 32L- 906,319 from last weelc. SAN FRANCISCO PRODUCE MARKET Prleea Carrcnt s Vegetables, Freeh Fruits, Ktc. at Bay City. SAN FRANCISCO, Sept. 24 Vegetables Squash. 40-pound lug, 40cQ5i.io; pota toes, 8208.25; anions, yellow) 3363.23; brown, 3.1. 25 & 3 69; tomatoes, 75c31.25; bell peppers, 3'4c; beans, 493c: lima, lit c; Italian, 3$ttc; carrots, tits 1.23 a sack; sggplant. 8t5c a pound; corn, t2&3 a sack; Isttuca, 81.28 a crate; celery, 3306 a crate; peas, lotr 12c a pound. Poultry Hsna 2532o; young roostsra, 20925c; old roosters, 16018c; young chick ens, 82038c; ducks. 200 23c; dresssd tur keys, 40c; 11 v turkeys, 33050c. Fruit Oranges, Valencia, 34 0 6.25; lem ons. 34.60ijy6.25; grapefruit, 34 0 5.50; ap ples, 3 snd 4-tier, si.zotg. 2.W; straw berries, per crate, 31-2001.40; raspberries, per drawer, 60 0 75c; blackberries, per drawer, 43050c; peaches, small box, 85c0 31.65; csntaloupes, standards, 11.25 0 2; ponies, T&cssi; lists, not? oc; xigs. singis layer. 6006501 plums, per crate, 8202.73; cassbas, per dosen, 604 63c; watermelona. per pound, Clc; grapes, per crate, seed less, 9OC0S1.2S; others, 31.2502; pears, per noi. 82.."oe4: prunes, per erst. 31.250 2.25; cranbsrrles. per box. 34 0 3. Receipts Flout, 200 quarter sacks; wheat, 1729 centals; barley, 23.910 cen ts s: notstoss. ssifa sscks; onions, itrn sacks; hay, 80 tons; hides, 52 number; oranges, 1200 boxes; livestock, 80 head. QUOTATIONS OX DAIRY PRODUCE Market Prlre Ruling on Batter, Cheese and Egg. ll VRANCISCO. Sent. S4 Dairy produce exchsngs closed. .-VrrT TODV l.n SI DnllM Sf.. Creamery hlgber than extras, 44044HO; creamery uifu, vnv, w j 30 42o. Eggs Irrejrular. Receipts, 3364; fresh -.thrd extras ' flrsta 47kt49c: fresh- gathered firsts, 4O 0 45O. Cneese irrsguiar, vngomiw. CHICAGO, Sept. 24. Batter Lower. Creamery, extras. 43c; standards. 37c; firsts. 83141c; seconds, 80031. Egg Unchanged. Receipts, 8071 cases. SEATTLE, Sept. 24. Eggs Select local ranch, whits shells, 50c; select local ranch, mixed colors, 43c; pullets, 8503S& Butter--City creamery, cubes, 48c; bricks or prints. 48c. New York Sugar Market. NEW YORK. Sept. 24. Raw sugar, oen trtfugal. 84.96; refined, fine granulated, 15.600 3.63. Dried Fralt at Kaw York. NEW YORK. Sept. 24. Evaporated ap ples quiet; prunes firm: peaches steady. Cotton Market. NEW YORK. Sept. 24. Spot cotton. Stesdy; middling. 20, 16c. Free to Investors How to Figure Margin Fully explains marginal trading, equities, short sales, odd lots, etc. Write for D-2 Edwin E. Kohn & Co. I Member tf Ct-otl dated I 55 Broadway. N. Y. I 10 SHARES 7-DAY OP TION FOR THE 0LT WAY TO TRADE SAFELY l.t THK STOCK MARKET jr Unlimited & ProHts Any Stock Exchange Issne 10 3520 Write for booklet 54 Free C. Gold hurst & Company gervlee Reliability M Uroaa Street, Act? lrk J CHICAGO MARKET UNSETTLED AXD W E.VK AT CLOSE. Trading; Largely of Evening t'p Cbaractcr OaUltle Demand of Small Proportions. CHICAGO, Sept. 24. Wheat wss anset tled her today with price fluctuating rather rapidly at times and going into a decline at ths finish when December closed 1 to IHo down st 1.115 It snd May 14 a to 2o off at 1.2U to 8180. Corn dropped a shsde In sympathy with wheat, while oats showed independent strength and finished unchanged to a shad ad vance. The bulk of the wheat trade wa of a local character with consldersble weekend evening up, but the light outside trad prevented any grt enthusiasm. Corn and oat wer somewhat unset tled, bat the ondertone was easy a there was little In th news of a constractlv cbsracteO. Provisions were lower en lack of sup port and, moderate selling with ths greater part of the trade in lard. Heavy ship ments for the week had ha street. Th Chicago grain letter, received yes terday by the Overbeck 4c Cooks company of Portland, follower "Wheat To ay 'a market wag Beted mar for Its sxtrsms dullness than for transsc- tlons ot character. Opening sales wer at higher levele, with commission houses buying and some of th elevator Interest! selling moderately. On the whole, the ao tlon ot the market would indicate that it was mors of an svening up process than ons ot nsw eemmltmenta As a result the market sagged of Its own weight, closing with a loss et i eents for ths day. For sign markets were quoted steady to strong, with no news of importance. Domestic situation continues strong with the mill ing demand the principal fsctor at this time. Missouri eomplains of late seeding In some counties while farther rains In parts of Canada were reported. Visible supply figures to be posted Monday ars expected to show sn increase of around l.OOO.OOO bushels. Receipts ar beginning to decresse, however, snd msy offset any beariah construction thst might bs plsced on the visible figures. No export business or Inquiries hsvs been reported at this writing. Ths general tslk has been thst ths market would not advance for 80 daya or more, hut we are of the opinion that those who da not take advantage of pres ent levels will pay considerably more for whest before ths expiration ot thla period. Corn Trsds sxtremely alow with a smsll downward trend in sympathy with ths se tlon ot wheat. Rains are checking the movement In some states while Iowa Is re porting Isrger country offerings There Is very little new thst can be said et the market action at present- Msny of our reports Indtcste a entailer crop than Is gsnerally expected and we would defer selling until more la known from husk ing returns. Oats Limited trade with prices lower under locsl selling pressure Inspired by weskness In other grains Klevator Inter ests were buying Msy sgslnst sales of De cember. Receipts estimated at loo ears. Cssh markets relatively steady. Shipping sales reported at 80.000 bushels and coun try offerings to arrlvo were light. Ry Futures wer quiet with ry lower under hedging salea from the northwest and lack ot Important buying support Cash rys was relatively stesdy at c over September for No. 2 on track. Leading futures rsnged as follows: WHEAT. Open. Hls-h. Low. dose. Dee. ...8 1 -'7 8 8 125V 8 1.25V May ... 1.81 tk 1.32 4 1.211 is 1.20 CORN. Pee. ... .M .83 .BIT, .B2H May ... .87 .67 H .88 .884 OATS. Dee. ... .8H -8H .87 .87 May ... ' .421 ,4J .4 .43 , MESS PORK. Stpt 18.80 LARD. Oct. ... 10 50 1052 1080 10 80 Jan. ... 8.80 8.82 8.18 - 8.20 SHORT RIBS. Oct 7 53 Jan. ... 8.02 8.08 8.02 8.08 Cash prleea were: Wheat No. 1 bard, ft. 28. Corn No. t mixed. 5Je5Sc; No. 2 yellow, 63 54c Oats No. 2 white, SH03SVi; No. 8 whits. 84e35o. Rye No. 2. 81.044. Barley 88 0 SOc. Timothy seed 122594.80. Clover sesd 812018. Pork Nominal. Lard 810.27. Ribs 87.8oe. - Primary Receipt. CHICAGO. Sept 24. Primary receipts Whest 2.128.000 bushels versus 1.4(10.000 bushels. Corn. l.lftv.OOO bushels versus 970, OOOi oats, 624,000 bushels versus 888,000 buxhels. Shipments Wheat 1.818.000 bushels ver sus 1.84 5.000 bushsls. Corn, 1.880,000 bush-1 els versus 224.VOO bushels. Oats. 1,809,000 ousnela versus 034,000 bushels. Clearances Wheat 88.000 bushels. Corn, 2000 bushels Oats, 11,000 bushels. Flour, 104.000 barrels. Car lots Mlnnespolls. wheat IIS ears; corn. 23 cars; oats. 20 cars; rye, 8 cars. WINNIPEG, Sept. 24. Wheat S38 ears: oat, 41 cars; rye, 17 cars: barley. 88 oars. DTII.TTTir Sent "4 Whe.t ona - corn, 20 cars; eata, 1 ear. KANSAS CITT, Sept. 84. Wheat, 800 ears; corn. 18 cats; oats, 21 ears. ST. LOUIS, Sept 24. Wheat 84 cars. OMAHA. Sept 24. Wheat 10S ears; Corn, 46 cars; oats, 19 cars. Mines. polls Grain Market. MINNEAPOLIS, Sept 24. Rarley 4" 3 S8c Flax. No. 1, 82.0102.04. Whest Sept. 81.48; rec., 11.39; May. 8L3. Grain at Baa Fraaclsea. RAN FRANCISfO. Sent. 24. rir,l. Wheat milling, 12 02 10; feed, 81989210; parley, ieea, i.isvt-'v; snipping, 1.2S 91.80; oats red feed. tl.tCul.55; corn white Egyptian, 1.75(f 1 t2i; red Mllo. 11.7091.73. Hay Wheat No. 1, 818018; fair, 813 11; tame oat, 112015; wild oat, 110012 altaifa. 812014; stock, 88010; straw, nominal. Seattle Grain Market. SWATTT.W. Sept. 24. Wheat, hard white. IF RAILROAD AND SAWMILL Located on the OLYMPIC PENINSULA STATE OF WASHINGTON by the United States Spruce Production Corporation A Government Ageney Organised vnder Art of Cen-1 . greae, entitled An Art making appropriation for the I support oi th Army," ate. Approved July , 1818. J ttASy rW T - , S 4 'ill- if. Q s r ; iV J P mk Ivil, H1 cortPierco rAr -m cottetrrro srjt c&utt ... naoecreo uncs 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, Oreg-on, 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 TMtlmi- Connects with th Mllwinkr &yrtm At T)liqit, IT Tnll went ot Port Anreles. JJala lino comploUd St miles to lUako PleusnU R4Mnrrao Independent connection with Puicet Pound possible by con struction of b miles from Dtsqus to Port Crescent. Spurs asprecstlnv 70 miles grided for openlnc snd developing of timber immediately tributary estimated, prior to the storm et last January, at blllloa feet, connlstinc of 2.3a.0OO.0OO feet of Fir. vRT.OOv.OOO feet Spruce, 643.000,000 feet Cedar, a.SlS.ooo.000 feet Hemlock. Timber throufeb which loirffins; branch spurs are traded Is privately held without in cumbrance by large owners. Productive logging operations physically posHlble within 60 days for marketing logs to Port Angeles or other Puget Sound mills. Topography lends Itself to economical logging and Is fully mapped. Main line may be extended 60 miles through, virgin timber, also affected to noma extent by storm of January lajtt. Numerous water power sites adjacent tor large pulp Or milling devel opments. . Cotistrwctlon Seasoned, substantial roadbed; standard gangs (MI-IK rail; gravel and rock ball aft; wide clearances: E-50 structures; maxi mum 14 deg. curvature;- gradients 12b vs. loads, t vs. emptlen; 1 summit. miles siding Installed; S.ft miles additional Hidings graded. Main line construction Involved 1.250.000 yds. grading, 6A0 lln. ft, tun nel. SO.OOO lln. ft, piles, svO.000 F. U Y. timber In place, 60,000 yds. ballast. UNITED STATES SPRUCE PRODUCTION MILL PORT ANGELES. WASH. Shipping FaHlltle Alongside deep water Puget Bound; Chicago, Mil waukee A St. Paul . Transcontinental Hallway System, Paclflo coast terminal rates. Mill Building Heaviest timber obstruction, conforming to accepted commercial practice, 10 completed. Ma-rhlner7 Individual units electrically driven; ons 10 and one 11-foot band head saw; 0-lnch gang; M-lnch rxawn; cargo snd rail overhead loading cranes; entire layout and Individual machines of accepted commercial type. All unused and In storage- at Vancouver, Waali Capacity 400,000 F. B. M. per S-hour day.. Power Plant Fireproof brick building on solid concrete foundation; CuModls stack; refuoe burner; 2400-H. P. water tube boilers; present Jroviion for 1 X K. W. turbo generator; piping and room provided or additional 2000 K. W. Ample Water Hupply. KnglneeHns-Hlghept quality sVIH and deatgn In entfro lntaMsUoa by recognised experts of wide technical and operating experience, Blf ' - Ample for all purposes. Ior Pond 15 million F. B. M. storage capacity. Housing Facilities Camp bulldlngx, modern cottages and three-story 6-room brick hotel, completely furnished; also considerable housing room In city. TFRM nf No bid for less than $1,600,000 will t accepted for both properties; no bid for leas than $1,000,000 will ba accepted for the DinniMP railroad property; no bid for Jess than $500,000 will bs accepted for. the mill. BIDDING As the above minimum amounts are considerably below the commercial and reproduction value of theee properties, the Corpora i Q Af T tioa reserves the right to accept any offer In excess of the above minimum amounts for either one or both of these properties. Ana DsrAl-ieC. on or before Octobr 17, lf2L In the event of such offer or offers being accepted Polices will be promptly mailed to all those who have applied for further Information or submitted bids. Purchaser of Railroad must agres to operate same as common carrier. Deferred payments (at 2 Interest) over period of 10 years will be allowed. All bids must be accompanied by certified check for f 25,000, made payable to the United State Spruce Production, Corporation, same to be re talned as liquidated damages upon failure of bidder to complete purchase on award; but to be returned In event of rejection of bid. AU bids must be made on forms and under conditions contained In the prospectus which will be supplied upon request by ths United States Sprue Production Corporation. Titles te real property, timber, maps, layout plats of mill and master lades of machinery may ba examined at the offices of the United States Spruce Production Corporation Couch Building - - Portland, Oregon, U. S. A. Ml P Port of oraa nd 5-year 6's at 101.50 The direct tax obligation of 90 of Multnomah county. Assessed valuation of $329, 413,470. Net debt only $1,396, 618, less than Do 'you know another bond on the market that has such enor mous security? Dated July 1, 1921. Due July 1, 1926. Interest dates Jan. 1 and July 1. Denominations 1500 and $1000. We have these bonds ready for delivery. Wire orders "collect." Call, phone or write for circular. "V. FREEMAN. ssounssuxm camp Urstawassgna BuiUDMM ravTM asa arras CO. a SIIS hard red winter. $1.12: soft whit, whit club, $1.11: soft red winter, $1.10: northern spring. $1.14; eastern red Walla, $1.0U; Big Bend bluestem. Il.zu. City delivery Feed, corn whole yellow, 137; crscked corn, 39: corn feed meal, 139; barley, whole feed, 35; rolled barley, $33; ground barley, $3; clipped barley, l4n A,t. whnt fed. t39 : rolled oats. $3H: ground oats, $38; sprouting oats, $43; -hat ecleaned. Ieea. 144; all grain cnop. chick leed, $.t0; chick mash, $113; growing mash, $51; egg mash no. a. si., scratch feed, $40: wheat, mixed feed, $24; cocoanut meal, $27; cottonseed meal, $41; linseed oil meal, $48; soy bean meal, $36. Hay Alfalfa No. 1, $1: mixed hay. No. 1. i:l; timothy No. 1. $20; straw, $17. Dolnth Linseed Market. DTTLTTTII. Sept. 24. Linseed oa track and arrive, $2.01, Naval Htorr. SAVANNAH, Sept. 24. Turpentine dull 70Hc: sale none: receipts. B73 barrels: wmm BABY BONDS $61 Each Republic of Uruguay 5 External Gold Bonds of fer even the smallest in vestor an opportunity for large returns. The redemption vain of these bonds in IT. S. Gold la $97.20, thus giving a profit of 38.20 per bond and a day to day yield of ' nearly S per cent. Interest payable quarterly in U. 8. aold coin. Neither the maturing val ue nor interest on theee bonds can be affected by condition of foreign ax change. Call we akall fx gflad t aead our representative. CLARK-KENDALL e-CCL INC. Fifth ond Stark Streets covERnntMT-MUNiaPAu corporation BONDS i t 1 mt shipments, 17 bsrrels; stock, 7937 bsrrels Bosla dull; sales none; receipts, 13H1 bsrrels: shipments, 190 bsrrels; stock, 75.2.TO barrels. Quote: R. $4.43; D, $4. Ml; B. P. $4.60: O, $4.70; H. $4.83; I, $40.1; K. $3.20; M, $3.30; N. $5 35; WO, $1.40; WW, $4.50. Spot Coftea Market llrm. NBW TORK, rlepl. 84. Th better ton In coff future becam more pronounced this morning. Th opening was 7 to 9 points higher with active months later showing net advances of 9 to 13 points snd with Dscember contracts islllng at 7.80e or Into new high ground for the sesson. This msd n sdvancs of about 11.1 points from th low level of lsst Au gust and appeared to attract some realis ing, as th clos wss t or 4 points off from th bast. Trad Interests wer cred ited with buying aglnst ths Improved demand recently reported In the spot mar ket. The market closed 5 to 11 points net higher. Paiee were estimated at about 4O.7.'0 bags. September snd October, 7.34e; December. T.ftL'c; January. 7. Sue; March, 8.01c; May. 8.10c; July. 8.2c. Spot rorfee, firm; Kio 7a, Sl&c; Santos 4s. U12Uc. The future air foreea of the French army will have no less than 140 bat tle squadrons and SO observation squadrons. The Best Oregon Bond in Market Direct tax obligation of the entire City of Portland and 143 square miles adjoining, comprising: 90 of Multnomah County. Assessed valuation $329,413,470. Net debt only $1,396,618, less than . The above facts show the character of the PORT OF PORTLAND five-year 6 gold bonds that we own and offer at 101 0 and accrued interest. Denominations $500 and $1000. Interest Jan. 1 and July 1. Now ready for delivery. '5-year 6's at 101.50 and accrued interest Call or phone. Wire orders collect. Freeman, Smith & Camp Co. n aaa raaaciso aeuNO noogt LUMBSRMBN BUILDIN4) FIFTM AND TANK -WAT 740 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 no many excellent companlei ar organlred. Ilrium Mandard Forma (approved by attorney) furnish complet equipment with which anyone in any state cnn or ganize a company, issue shares and begin dolnK business th game day. Th cost of a complete out fit 1 very small. Auk for circu lar A43, containing lull descrip tions. C. S. DEMARF.F. Ijral Blank 1'rlatrr, 613 Walnut, Kansas City, Mo. We Own and Offer LINCOLN COUNTY, OREGON, 6 ROAD BONDS Dated Sept 1, 1921. Due Serially 1926-35. Dated Sept. 1, 1921 Due Serially 1926-33 Denomination $1000 $n,yv.r4.47 2WJ.UU0.00 Valuation. IflCO... Total Bonded Indebtedness Price to Yield From 5.90 to 6 WESTERN BOND & MORTGAGE CO. 80 Fourth Street, Ground Floor Boar of Trade Bid. Telephone Main 113. Portland, Oregon. OVERBECK & COOKE CO. Broker. StoeKs, Bonds, Cotasa, Craa, Kto, tlS-zlT noAKD OP TRADIC BLIMaj Hall Walla. Waaa. 1'ortland. Or. l'SBdletaa, Oa, MEMBERS OlirAGOHOABD OS THAOK. Correspondents af Legaa A Bryan, Culrage and Aar lark, MEMBERS Kew York Mck birhanga, (hh-xa Mm Earbaaga, BoataiB Stork Exriiana. hlrag lloard of Irad. titw lark Cotton Karhango. rs Orleans Cottoa s.srbaifka, ier lark froduc Ksrhauge, Mtnnlpeg Grain t.irhsDi. UivdsuI Celtaa iaaiHialloa, IDAHO HONEY Choice alfalfa clovir blind. Five pound $1.25 ten pounds $2.2S. postpaid. Sixty puunus )S, freltsbt paid. j. a. ;oonAM MonntalnL 9me, ldaka. HERRIN & RHODES, Inc. Zstabllsbod ISO. BROKERS New Tork 8tnrks. Bonds. Grain. Cotton. Frlvat Wires. Member Lbieag Board ot Trad. tOl l Railway Ezcbang Bids. Tslspboas Mala USs-2. 2 MONTHS t per for any stock sr ban. Purchaser lacsi.at d,vidila. Wnas foe booaJat FKak RODsXYaVCO. afsslwiCiS.asri .), r. 5 ? Broadway, New York