The Sunday Oregonian. (Portland, Ore.) 1881-current, October 02, 1921, Section One, Image 18

The Sunday Oregonian., October 02, 1921, Section One, Page 18, Image 18

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Newspaper Page Text18 TTTR SUNDAY OltEGONTAN, PORTLAND. OCTOBER 2, 1921 BULK CARGO LOADED STEAMER Ajhworth Expected to Leave I Tomorrow Night. SHIPMENT FIRST IN 1921 i Indications Are That large X um bo r of Bulk Cargoes "Will Go I From Portland This Season. t trading of a cargo of bulk grain into the British steamer Ashworth at the Globe mills elevator was finished yesterday and the loading of several tiers of sacked grain over that stowed in' bulk was started. The entire load ing process la expected to be com pleted tomorrow In time for the ves' sel to clear and depart tomorrow eve ning. This Is the first of what Is ex nected to be a large number of car goes of bulk grain to go from Port land this season. JCerr, Gilford & Co.. who are send ing out the steamer Ashworth, are operating the Globe mills dock, which is the only private property along the waterfront wltn facilities for duik wheat loading, so whatever bulk car KOa are sent out by other exporters wtll have to be moved through the ""municipal elevator. Large stocks of grain already have been stored In bulk in, the municipal elevator for shipment to- Europe. TThe shipping board steamer Abercos finished discharging her Inward cargo from the orient Friday and was being surveyed for repairs yesterday pre paratory to loading the first cargo of diilk wheat at the municipal elevator. Her holds will be prepared for bulk wheat loading In accordance with' the rules of the underwriters and It Is expected that actual loading will start by the end of this week. Tin ADercos in to be operated oy tne racinc steam strip company under a bare-boat char ter and will be loaded by the Gray Itosenbaum Grain company. ?The first bulk cargo to go out for Ivkrr. Giffurd & Co. will be followed by other such shipments by this firm. Tie Gray-Hosenbaum Grain company has announced Its Intention of oper ating entirely In bulk wheat and will undoubtedly exert an effort to move ii f leant 40,000.000 bushels of wheat throuKh the municipal elevator In or dir to secure a preferential rate made lI the dock commission for users of tlte elevator whose shipments aggre gate this figure. Other local shippers who have been contributing heavily tl the movement of wheat to Europe are expected to fall In line with the tondency to bulk handling before the rati of the present season, and Su- xiikl & Co., Japanese ship owners and ' foreign traders, have begun an Inves tigation of the feasibility or moving wheat In bulk to Japan and China. including the cargo of the steamer Ashworth, as many cargoes of bulk wheat are already In sight for loading tliis fall as have gone from the Co lumbia river in all preceding years. FAIR BIG OPPORTUNITY State lias Chance to Lead World and Bring Best Spirits Here. UNIVERSITY OF OREGON', Eu gins. Oct. L (To the Editor.) Apropos to the meeting for the first rtep toward state-wide organization for the 1925 exposition permit me to pInt out that the staging of a world f.nr has become a profoundly ddffr cnt enterprise from .what it was be fore the world war. That world af fiilr wrought world change; in two pnrtlculars especially that need to be taken Into account in the planning and sponsoring of a world fair. First, the world war made a com munity of the nations of the world as llley never were before. Interde ; cndence of peoples became closer and r.jmalns so and Is now recognized as tr was not in the past. Thij recogni tion is causing co-operation as wit ness the world peace league In opera lUm and a world disarmament confer ence booked. A world exposition scheduled and promoted will simply n present the distinctively -constructive phase in this manifest destiny of world co-operation. Thus In view of tills new and enhanced community state of humanity a world fair has possibilities far and beyond those ever rpen before This opportunity fully utilized In the plann'ng and promo tion of the exposition should ensure the ripening of this concert of world effort Inaugurated as an exposition into a permanent agency on the shore of the Pacific for continuing and ex panding activities of world co-operation. -Ths second particular pertaining to the world's condition as an aftermath of the world war that needs to be taken into account In world fair plan ring is, on the face of It, net so reas suring. The world as a whole is "discouraged, forlorn, confused and sceptical." Bu,t this distraught con dition represents only the mors vital r.eed of rekindling its hope, confi dence and buoyancy and the clarify ing of its vision of a future to be won. Can the Invitation to partici pation in the Portland fair be made tj strike a clear and full note of world redemption? The heart and thought of the world will be resonant ti ths Portland call and respond with fdur years of emu'atlve endeavor in preparation if it discerns in the ex position plans a striving for the basic elements of a really jound civilization. For of "the violent and the fraudu lent" types of civilization the world has had its MIL Everything depends ofc the timbre of the tom-tom to be used in giving publicity to the fair project. The 1925 fair enterprise means es sentially a hue and cry in world lead ership. But- the peoples of the earth are aweary cf all solicitation except tlje call leading In the direction of teal Improvement of leading. Are the Oregon people equal to the spon soring of such a project of beneficial world leadership? Can we measure up to such an undertaking? Remem bering that what ths peoples of the erth are more than ever keen about U a mode of living characterized by "Justice, brotherhood and service," suppose we analyze our competency for the fulfillment of this requisite wforld leadership through the fair. tFor an exhibit of the Ideal the wjrld so Intensely is interested in we have the land. None more favorable k the home of a model civilization on I lie face of the earth. We represent trie racial stock that has led in hu i.Oinlty's best achievements. W e are equipped with American democratic institutions that are the envy of all ether peoples. To be sure we are young snd few and so are without monumental structures and the accu mulations of centuries. We have not had the leisure for the graces of civ ilization. But the plasticity and au dacity of youth we do have and these are more than counterbalancing off sets tn this exigency of world need for a new dispensation. Why should It not 111 to ths lot of ths people of BRITISH STEAMER AS II WORTH, ' ., - iim.ini' i . 7 . ..' : v1 . A;'T--' . D v' v'M-l ' f feii " --..rr. I.-a J t , :.:':- 7i;,'. f'7 7 , ;";..;. V- . . . .'.- ;.v ; -; " ' ' :--:?.x 7 :: ' Jr jfe . ': : : r.' :r . : '-::, f ) .vvr, 1 t " - -1 -r- -: t ' -aA, r a r., jT If - . L - - - - a."Z. J - f . I -" -V Trr V ; . ., : 4 i s ' ' ? l'rjr I ' -1 rrALz. r- f-r JA-x . -t -1 , - t - , i hi, a . 1 w- . -A Iv tztx sr rL! 'Wr" - i. . A . ZA4s i . , .4.4 - P f, y S " 1 'lrr. ?fr. sal f ' ' 1 .. n-w, aii.astfsw.-Jrr , ,,,''i1!-l. J r- ------" , - jSm riM., .Si.fSti i'in;4:jtMary. - AtiMtiiMjf Above Vlw from the roof of the dock, showing arrangement of conveyor spout! with machinery running at half speed and 230 tons of wheat per hour pouring Into the steamer's hold. 1la thin stream of grata is loading the vessel aa rapidly as six gaags of longshoreme working with sacked wheat. the Columbia river basin in this world crisis to lead out of the wilderness of dismay? Our Oregon natural wonders not a few can be Induced to come and see. B"ut the fair project to be worthy of the occasion Involve a much more serious purpose and more profound results. It is up to the Oregon people . with their plans for the fair and I through features of their exh'blts to ueinuueu klo iiii nicir muua ui u.- 1 ng Is being raised to the best ideal. Then the best people from all sections will come to make their homes with us. And with the accession of the right number of a select class of peo plecapable, energetic and co-opera tively inclined conditions of living In Oregon will forthwith be moved up next door to those of heaven. It is thus by bringing the fair project Into vital and dynamic relation to our con ditions of life here, by using its plans to stimulate the development of the co-operative and commun'ty activities of our neighborhoods, we shall not only put the world on the qui Vive, but draw the choice spirits from all sections for the making of Oregon. A programme of preparation com mensurate with Vie measure and na ture of the opportunity open to the 1925 fair would Involve, In addition to the usual world fair features, es pecially details of community, city and state planning. It would empha size strenuous effort of Improvement of school, library, public health and recreation facilities. It would de velop co-operatlvo marketing sys tems. All these would be mediated tnrough unremitting development of highways and waterways and power resources. All these means are for fulfilling one purpose, namely, that Oregon become the best place on earth In which to live the people through better living conditions achieved be coming better people. F. O. YOUNG. REED PRESIDENT SPEAKER Dr. Richard F. Scholz Addresses City Club at Lunch. .The importance of training for citizenship was emphasized by Dr. Richard F. Scholz, president of Reed college. In an address delivered at the lunch of the C'lvlo league yester day. Dr. Scholz said that It was not enough that a citizen get a college education. He declared that steady oonslstent day-by-day education was needed in order that the citizen might be able to handle the problems which present themselves. The speaker declared that apathy and indolence on the part of citizens aiy) officials were worse than graft. Music was furnished by the Reel college quartet. MAN, 70, INJURED BY AUTO Inmate of St. Joseph's Home Badly Cut and Braised. Dennis Crowley, 70-year-old inmate of the St. Joseph home, was badly cut and bruised yesterday when he was struck by an automobile driven by Atterton Garrett, 231 East Seventy sixth street. The accident occurred at ths corner of Thirty-second and Bel mont streets. Mr. Crowley, according to witnesses, was jay-walking when Garrett was going west on Belmont. Garrott swerved in an effort to avoid strik ing the pedestrian, but Mr. Crowley was hit by a rear fender. Hs was removed to St. Vincent's hospital Because 'of his advanced age he may not survive the shock and injur lea. Phone your want ada to The Oregi oUun. Alain 7070. Automatic 660-95. AT GLOBE ELEVATOR, LOADS OF SEASON. BREEDERS TO REORGANIZE COUNTY ORGANIZATIONS TO BE ADMITTED TO STATE BODY. Oregon Purebred -livestock Asso- elation to Make Change In Its Constitution. A reorganization of the constitution making possible the affiliation of about 60 local county and state breed ers' associations with the Oregon Pure Bred Livestock association and In creasing the membership of the latter organization from 200 to 1500 was adopted at the annual meeting and banquet of the association held at the Christian church restaurant on the fair grounds Thursday night. Resolutions were adopted urging the need for a new building on the fair grounds as a breeders' headquar ters, calling the attention of the fair directors to the need of larger quar ters for the showing of livestock, urg ing the need of consulting breeders' organization in the final selection of livestock Judges and commending the action of the fair board for doing away this year with gambling devices and Immoral shows. The accomplishments of the asso ciation since its organization Septem ber 6, 1906, wero reviewed by C. N. MoArthur, X D. Mickle and other speakers. C. I Hawley. president, and N. C. Maris, secretary, were both re-elected and F. E. Lynn was chosen vice-president. O. M. Plummer acted aa toastmas ter. There was a large attendance, including Governor Olcott. C. N. Mc Arthur and four state senators and representatives. Livestock Market. There were no receipts of livestock at the North Portland yards yesterday. The tone of the market at the close was steady In the cattle and sheep divisions, while hogs were weak. .rices quoted at the Portland Union stockyards were as follows: Choice steers I 6.S09 5.85 Medium to good steers 5. lis 4p fi.60 Fair to medium steers...... 4.30 6. AO Common to fair steers 8.750 4.50 Choice feeders 4.250 4.75 Fair to good feeders. ...... 8.25 4.25 Choice cows and heifers 4.500 4.75 Medium to good cows, heifers 4.00 0 4.50 Fair to medium cows, heifers S-00'ol 4 00 Canners 1.25 2.25 Bulls 2.500 S.25 Choice dairy calves 10.50011.00 Prime light calves 10.00010.00 Medium light calves 7.00. 10.00 Heavy calves 5.500 7.00 Hogs Prime light 10.50011.00 Smooth heavy. 250 to 800 lbs. 0.00 0 10.00 Smooth heavy, 800 lbs. up.... 8.00 0 9 00 Bough heavy 8.00 0 8.00 Fat pigs 10.50011.00 Feeder pigs 10.50011.00 Stags 4.00 0 7.00 Sheex E an t-of -mountain lambs .... 8.009 8.50 Meat valley lambs..... 6.00 0 6.25 Fair to good 6.00 0 5.50 Cull lambs 1.50 0 8.00 Eastern Oregon feeders.... 4.50 0 6.00 Feeder lambs 1.50 0 8.00 Light yearlings 4.000 4.60 Heavy yearlings 2.50 0 8.00 Light wethers 8.50 0 4.00 Heavy wethers 2.00 0 2.50 Ewea 1.000 8.00 Chlears Livestock Market. CHICAGO, Oct. 1. (United Btates Bureau of Marketa) Cattle Receipts, 500; compared with week ago, grass and low-grade warmed-up steers weak to 25c lower; others and yearlings strong to 25c higher; some good and choice medium weight corn-fed 25o to 60c higher; choice dry-fed heifer yearlings little change, but bulk cows and heifers 60o to II lower; canners, lOe to ISO lower; calves mostly 1 1 lower. I Hogs Receipts. 4000; market active; FIRST BULK WHEAT CARGO and chute. Below The mouth of the fully steady with Friday's best time: packing zrades and mixed noes strong; bulk blsher; top. 18.30: bulk lights and light butchtra. bulk packing sows. 6.00&6.8S; pigs steady, with bulk desirable $7.S7.SU: holdover liberal. Sheep Receipts, 6000; receipts today practically all to packers direct; com pared with week ago, all classes about steady. Kansas City Livestock Market. KANSAS C1TT, Mo., Oct 1. Hogs Receipts, 150; better grades around lOe lower; others steady: choice 210-pound weights 17.65, 340-pound butchers, f7.25; odd bunches, 140 to lBO-pound weights, 87.4007.45. Cattle Receipts, 1500; for week, fed steers steady to 25c lower; grassers 10c to 50c lower; stockers, feeders and fat she-stoc". weak to 25c lower; cutters steady taetrong; canners steady to 25c higher; calves, bulls, stock cows and heifers and stock calves, steady; top steers for week. IU.75. Sheep Receipts. 600; for week, sheep 25o to 50c higher; fat lambs steady; feeders strong; week's iambs, top, 18.75. Omaha Livestock Market. OMAHA, Oct. 1. (United States Bu reau of Markets. ) Hogs Receipts. 2500 market fully steady; bulk packing grades (006.30; medium and light butchers i. 2307.75; bulk of sales (007.25; top. . -ID. Cattle Receipts. 200; compared with week ago, beef steers moatly 25 0 50c uimier, top tea yearlings 110.50: sh stock 25 0 75o higher; bulls steady to" 25c higher; veals 50c (! higher; stockers and .wuo.a Atyvuc Oigficr. Sheep No receipts: eomnared with week ago, lambs 2S50o lower; sheep and yearlings steady to strong; feeders wung 10 zuo nigher. Seattle Livestock Market. SBATTLB, Oct 1 Hogs and cattle, steady; no receipts; prices unchanged. DAILY METEOROLOGICAL REPORT. PORTLAND. Oct. 1. Highest tempera ture, 69 degrees; lowest, 44. River read ing. 8 A. M.. 8.8 feet; change In last 24 hours. 0.2-foot rise. Total rainfall is P M. to 8 P. M.), none; total since September , o.uo incuoa; normal, i.w incnes; excess, 1.14 Inches. Sunrise. 6:09 A. M. ; sunset, 6:62 P. M. Total sunshine 11 hours and 43 minutes; possible sunshine, 11 hours and 43 minutes. Moonrise, 7:35 A. M. bunday; moonset, 6:87 P. M. Sunday. Bar ometer (reduced to sea level), 6 P. M., 80.01 Inches. Relative humidity: S A. M., 79 per cent; noon, 63 per cent; 6 P. 1L, 4-1 per cent THE WEATHER. Wind STATIONS. Weathr. Boise Boston ..... Calgary .... Chicago .... Denver Des Moines.. Eureka ..... Galveston . .. Helena Juneau .... 68 0.00 70 O.OOl 880. 00 1 .JNW: Clear Clear . SW Pt. cloudy 7410.0012 SW Clear 68 0.001 14 8 Rain 74 0.00 6S 0.00 78 4. S2 S SW Cloudy Clear Cloudy Clear Rain Cloudy nw; 60 0.00 IW 42;t4,1.18 10 B Kansas City. 52 740.00.12 SB 601 6S 0.5o. .SW os Angeles Marshfield . Medford . .. Minneapolis Cloudy il DO U.VU AH Clear Clear 82 0.00 . . ! 64 0.00 IO1NW 82 0. 0O . . SE I 70 0.00 . .W iCloudy Cloudy New Orleans New York. . North Head Phoenix ... Pocatello . . Portland .. Roseburg .. Sacramento St Louis . . Salt Lake . San Diego.. Seattle .... San Fran... Sitka Spokane ... Tacoma ... Tatoosh ... Valdes . . . Clear 600.00jl8;N Clear Cloudy- S00.1ft..:NW 66 O.0O . . NW Clear 69 0.0O . ,!SW Clear 74 0. 00 . .NW Celar 84 0.00 10 SW Clear 72;o.(H;12S Cloudy TOO ftn'irt vrn'm KK II IK' MQ Cloudy Clear 6010.00 6 0.001 t50.... ..N io.sw Pt cloudy 64 0.00 ..)W (Clear 60 0. 00 1 66 0.00 X IClear Clear 16 B !'t44!0.9: NE Rain Walla Walla 70 0.00 7410.00 60 0.00 uiear Washington Winnipeg .. Yakima ... NB W Clear K:iear 72 O.OO!. s Clear A M. today; Ing day. tP. M. report of precedr- FORECAST& Portland and vicinity Fair; winds mostly northerly. Oregon and Washington Fair: heaw frost east portion; geatls northerly wlada, E WHEAT FOR PRESENT Foreigners Bought Heavily Early in Season. EXPORT DEMAND LACKING Cessation of Purchases Reflected in Lower Prices Ruling In American Markets. The weakness that has been apparent In the wheat market fr several days, was sven more pronounced yesterday. Bid prices at ths eezchange wer reduced 3 cents on northern spring and 2 cents on all other grades and trading was almost at a standtlll. The export situation was worse than It has been at any time this season. Bids are still coming from Europe, but the prices Indicated are so far out of line as not to be considered. It Is evident that the foreigners bought too heavily early in the season and are now having difficulty In digesting their purchases. During August and September the north Pacific coast ports shipped out between 16.000.000 and 17,000.000 bushels of wheat. Including flour, which is about as much as ordinarily goes out during an entire year. The Atlantic coast and gulf have already sent over 100,000,000 bushels of wheat to Europe. This big supply of American grain, with the purchases elsewhere, com ing on top of what Europe produced, bas evidently filled them up on the other side, for some months, at least. Grain men here do not say that the ex port business Is over tor the season, but they are rather pessimistic as to its early revival. If the market Is going to settle down to a domestic basis, prices may soon feel the effect of the surplus left In this country. Any considerable decline tn prices would be unfortunate In the Pacific northwest where less than half the crop has been sold by farmers. The one re deeming feature of the situation Is the good flour business being done. The coarse grain market was quiet and mainly steady. Oray oats were SI high er, and white oats, barley and corn un changed. Barley was particularly active at San Francisco, where 1G00 tons were sold In the afternoon, mostly December, at prices ranging from il.22 on the first salea to (1.18M at the close. Wheat receipts during the week were liberal, but show signs of falling off. Lo cal receipts during recent weeks were: Week ending Cars. October 1 '. 1156 September 24 1412 September 17 1114 September 10 1117 September 3 1119 August 27 1157 August 20 1021 According to a Chicago report cables 'were unchanged, foreign markets very flat and export demand moderate. The Wall Street Journal said: "The sit uation Is bearish, but statistics show ths long range view is anything but bearish. While the visible Is steadily proving more burdensome from a market standpoint, ths Invisible supply Is growing more alarming ly sharp. Several million bushels of wheat are said to be in store in Galveston and on track unsold." There was talk of an embargo on ship ments of grain into Kansas City as stocks there are very heavy. Terminal receipts. In cars, were reported by the Merchants Exchange as follows: Portland WheatBar. Flr.Oats Hay. Saturday 153 .. 10 4 14 Tear ago 02 1 1 1 7 Season to date ..11.423 88 636 371 381 Year go 4,750 52 ltil 183 387 Tacoma, Friday 19 .. 6 ... 6 Year ago 3S Season to date .. 3.920 70 4 04 68 li!9 Year ago 1.511 25 226 61 2o7 Seattle Friday Jl 2 11 ... 8 Year ago 32 2 t 3 11 Season to date .. 2.544 67 6SS 174 459 Year ago 1.214 82 96 73 606 POTATO FARMERS HOLDING BACK 1' rices Demanded Are More Than Carlot Shippers Will Pay. Because of limited supplies of potatoes on the market prices held fairly firm dur ing the week. Some Increase in offerings was reported at the cloi. There were shipping orders on hand, but the shippers declared they could not Induce farmers to set at a price that would permit of tustaesa. Bids of (1.50 were made, with farmers asking (2 or more. In the east potatoes continued to move In heavy volume. Demand was slow to moderate and markets weakened slightly during the week. Prices In producing sec t'ons showed declines of 10 to 25 centa Mslne Irish Cobblers closed at (1.42 to (1.45 per 100 pounds f. o. b. shipping point snd were slightly weaker in New York at (2.10 to (2.15. Sacked stock ruled fairly steady at (2 per 100 pounds In Boston, declined 39 to 40 cents to a range of (2.43 to (2.50 In Pittsburg and (2.15 to (2.23 in Philadelphia. New York round whites were dull and weak In New York ana nuaaeipnia, closing at (2.10 to (2.25 per 100 pounds bulk, and ruled 12 sacked, f. c. b. shipping points Northern round whites advanced 15 to 25 cents during the week in Chicago snd declined to a rang of (2.33 to (2.50. slightly above last week's ciose. At distributing points this stock closed dull and weak at (1.83 to (2.10 Uaulings were moderate and demand slo at Idaho shipping points where Rurals closed weak at (1.85 This stock declined 13 cents In Chicago carlot market, closing at (2.33 to (2.45, and closed at about the same range in Kansas City. Mains and Minnesota, the leading ship ping statea. each sent over 1000 cars to consuming centers out of a total of 5829 car which axeeeds last week's movement snd a ore than 1500 cars heavier than shipments last season for the same period. APPLES STEADY IX LOCAL MARKET Supplies Increasing, but Demand Is Still Light 'Apple prices are holding even In the ocal market although the demand Is not as active as was hoped for. Only a few Gravenstslns are available, but there are plenty of Kings and Jonathana Graven steins are held at (2.5003 for extra fancy, (1.75 for fancy and (1.3301.73 for choice, according to slse. Jonathans range in price from (1.75 for five-tier fancy up to (3 for large extra fancy. Kings are quotid st (L7502.5O and Winter Bananas, ordi rary grade, at (L83. Prices ruled steady at shipping points, the following carlot sales being reported: Wenatchee valley, medium to large Jona thana extra fancy. (18002.10; fancy, (L630L83. Wlnesapa. extra fancy, (2.13 C2.25. Delicious, extra fancy, (3. Yakima valley medium to large Jonathana extra laney, (2: fancy, (1.75. Wlnesaps extra fancy. (202.15. Dallcloua (3. Other northwestern districts, Romea medium to large. (L75 01.85. In the Minneapolis market, northwest ern Jonathans sold at (3.50 8.75 for me ltons to large extra fancy and (303.23 for choice. Dellcioua extra fancy, (4.75 and choice (404.25; Wealthy, extra fancy, (2.9003. ONION TRADE QUIETER, UNCHANGED Demand for Shipping Continues, but Cars are Harder to Get. While the local onion market Is quiet there has been no decline In prices and ths market is still firm. Sales are being toads regularly by ths association at EUROPE I.QUGH j (3 to the grower There is a good ship ping DB1IU11U, DIU Ul IW BUIUV U..I.UW ir getting cara In ths eastern cities, the onion market with some price changes assumed a more regular tons and closed slow and dull for eastern Yellow Globes at (3.25 to (3.75 per 100 pound a. sacked. At Massachusetts shipping points prices held steady at (3.30 ti (3.73. Middle western Yellow Globes were stesdy at (4 to (4.23 tn Pittsburg, uecllned 25 to 50 cents In Cincinnati to a range of (3.73 to (4.23 and strengthened s.lgMly In New York to a close of (3.75 (o (4. A year ago Yellow onions were selling at (1.50 to (L73 per 100 pounda Shipments were tn slightly less volume, California with 155 cara and Massachusetts with 130 cars leading. Ths total move ment was 540 cara CUBE BUTTER PRICES TEND UPWARD Buyers Offer 43V4 and 44 Cents for Top Grade Eggs Firm. The butter market was very firm at the close of tbs week. Most of ths sales of cubes were at 43 cents, but there were bids of 43V and 44 centa for top grade. Fresh eggs were so scares as to bs al most nominal In price. A few sales of candled ranch were reported on the atreet at 45060 cents. Storage eggs moved freely at a wide range of 35045 centa Poultry was weak at the close and some had to be carried over. Hens only were in demand. Veal also did not clean up. Tea coops of live hens were shipped to Honolulu, the first business of this char acter ever reported here. San Francisco has received 15.208 cases of frozen eggs from China and 1783 cases of them were exported to England. Grape Market Well Supplied. There was a good supply of southern Oregon snd California Tokay grapes on ths market yesterday and a shipment of southern Malagas Is dus soon. Local Con cords continue Dlentiful and are selling at reasonable prices. The next car of lady fingers Is due about the middle of the week. The first car of Florida grapefruit Is ex pected on October 10. Cuban grapefruit Is about cleaned up. Florida grapefruit Is available. Local cranberries are quoted at a range of (4.50 to $3 a box. as there Is difference la the grade, color and aUe of the several Karletles. ' Bank Clearings. Bank clearings of the northwestern cit ies yesterday were as follows: Clearing Balances. Portland (5.6(14.587 $90.1.857 Seattle 4.788.712 U04.303 Tacoma 5W.323 2'J,577 Spokane 1.8o9.767 833.733 Bank clearings of Portland. Seattle and Tacoma for the past week and correspond ing week in former years: Portland. Seattle. Tacoma 1021... 11120... 1019... 11118. . . 1917... 1916. .. 1015... 1!14 1913... 1012. .. lull.. .$32,235,787 $28,009,098 $2,831,730 3HJ75.415 41.U32.11H l.uw.uun 30.8111.615 33.370.3S4 2O.18B.U'J0 1S.74U.004 14,770.806 13.588,437 15.0,116 12,182,248 12.805.512 44.384.1146 50.115,017 27,242,U1 20, 433,917 12. 532,0.12 12,517.518 14.2H9.089 11,840.343 11,818,727 4.588.479 6.278,187 8.719.571 2,470.550 2,102,089 2,0!I7,933 2,487.404 8,640,789 4.419.203 PORTLAND MARKET QUOTATION'S Grain. Flour, Feed, Etc. Merchants' Exchange, noon session: Oct Nov, Wheat Bid. Bid. Hard white $ 1.08 $ 1.08 Soft white 1.07 1.07 White club 1.07 1.07 Hard winter 1.09 1.09 Northern spring l.od 1.08 lied Wulla 1.04 1.04 Oats No. 2 white feeding 26.00 26.00 No. 2 gray 25.00 25.00 Barlev Brewing 27.00 27.00 Standard feed 20.00 20.00 Corn No. 2 . Y. shipment 26.00 26.50 FLOUR Family patents. (7.80 per bar rel; whole wheat. UU; graham. (S.OO; bajters hard wheat. (7.23; bakers' blue stem patents (6.75; valley bakers'. (6.00. MIL1.FU Price, t o. b. null: Mill run, (22 per ton; rolled barley, (3436; rolled oats, (38; scratch feed, (49 per ton. CORN Wools. (30. cracked. (39 per ton. HAT Buying price f. o. b. Portland: Alfalfa. (15 per ton; cheat, (12012.50: oat and vetch, (180 13 60; clover. (100 10.50: valley timothy. (15013.50; eastern Oregon timothy. (18 018 60. Dairy and Country Produce. BUTTER Cube extra. 43JM4C per lb.; prlnta parchment wrapped, dox lota. 47c; cartons, 48c. Butterfat. buying pricea: No. 1 grade, 47o. delivered Portland. LGtiS Case count 4O04Jc; candled ranch, 45 0 00c; association firsts, Wc; as sociation selects, 60c; association pullets, 44c. ' CHEES'X Tillamook triplets, pries to Jobbera C o. b. Tillamook, 24o; Yousg America. 2oo pound. POULTRY liens. 1626o lb.; springs, 25030c; ducks, 20025c; geese, nominal; turkeys, nominal. POKv Fancy, 15c per pound. J; VKAL Fancy, 16016c per pound. Fruits snd Vegetables. FRUITS Valencia oranges. (4 2507.50 per box; lemons. (5 508.25; grapefruit, $0011 per box; bananas. - 8 9c lb.: apples. (1.2303.25 box; cantaioupea. Ill 6 3:25 crate; peaches. (1.2591.60 box; pears. $1,754. 3 per box; huckleberries, 10 01OO per pouna; grapes, 1.000.19 per c'ate; ca&abas. 202o per pound; crau berries. (4.00 (5 per box. POTATOES Oregon, $2 0 2.25 per pound: Yakima, $. nuncrea; sweet po tatoes, 4 0 00 per pound. ONIONS Yellow, (3.50 0 4 per sack. VEGETABLES Cabbage. 363 "c lb. lettuce, $2.500 2.75 crate; carrots, $1.0002 per sack; garlic, ivwuo per pouna; oeels. (202.60 per box; cucumbers, 75&'90o per box; beans, 7(&oc per pound; green corn, $202.50 sack; celery, 75c$1.10 dozen; eggplant 1000 pouna; tomatoes, ooc0 2 25 box; green peppers, 601Oo pound; cauliflower. $202.75 per dozen; pump kin . 80 per pound; squash. 3o pound. Staple Groceries. Local lobbing quotations: SUGAR (sack baslsi Cane, granulated. 6.35c pound; beet 6.so. NUTS Walnuts, Manchurlan, 20 0220 pound: Brazil nuts. 180JOC; filberts, 150 18c; almonus. 24027Vic; peanuts, 8011 fee pound. RICE Blue Rose. 60 per pound; Japaa style, 5.85 0 6O per pound. 11UVNS small white, 4.90c; large white. Site; pink, 8tec; lima, 7c; red, sc per pound. COFFEE Roasted, bulk. In drums, 14 0 16 o per pound. S LT Granulated, barrel, (3.2094.03; half ground, ton 50 (17.26; 100a (1620; tump rock, $26.50. HONEY Comb, nsw crop, $6.5007 per case. DRIED FRUITS Dates, (4.23 per box! figs, $ 1.40 y 3. 76 per box. Hides, Hops, Etc. TALLOW No. L SJi04o; No. 2, 202 per pound. CASCARA BARK Flvs cents a pound, delivered Portland. HOPS 1921 crop. 27030c per pound; fuggles, 82c; 1920 crop, nominal, 20c HID&S Fresh cured, 4 04 fee per pound; calf. He !'er Pound; klp, 6c per pound. WOOL Nsw clip, 80 2Oo per pound. M-oHAIR New clip, loo per pound, de livered Portland. Provisions. HAMS All sizes, S3r33c; skinned, 800 87c: picnics, 18c; cottage roll, 20c BACON Fancy. 42047c; choice, 290 li,. ...nrtard. 23 0 27c LARD Pure, tierces, 13o pound; com nresaed. tierces. 13 fee DRY SALT Backs. 19 0 23c; platea. 18& Oils. LINSEED OIL Raw, In barrels. 87c, t-gallon cana $1.12. Boiled, in barrels. 99c: 5-Kallon cant, $1.14. TURiE.'-TlNS. In druma $L00; 6-g al ien cans, $1.15. WHITE LEAD 100-pound kegs, 12fec per pound. COAL OIL Tank wagons and Iron barrels. 17 fee; cases, 80JS 37c GASOLI-Nii lank agon and lros barrels, H0c; cases. 88 fee Iilster Residence Burns. NASHVILLE. Or., Oct. L (Special.) The residence, grocery stock, sev eral phonographs and valuable papers belonging to ni. s. lister or mis place were completely destroyed by fire last night. The loss amounted to several thousand dollars. Mr. Lister was away and it la not known how the firs started. Read The Oregoniaa classified ads. BUSINESS SH0Wir.G " SOUND BETTERMENT Advance in Stocks and Bonds Is Marked. MARKETS HOLD GROUND Price Increases Cansed by Replen ishing of Goods; Farmers Still Lack Buying Power. BT STUART P. WEST. (Copyright. 1921. by The Oregonlan.) NEW YORK. Oct. 1. A brief sum mary of the business and financial situation at the close of the present week would snow tnat a decided turn came toward the end of August, and has been slowly unfolding during the succeeding months; that this change has been duly recognized by a rise of 5, 10 and 15 points in stocks, and an advance In bonds to the highest level of the year, but that the markets have shown themselves satisfied to hold the ground gained and to await developments at the trade centers be fore attempting any Important new 'movement. Wall-street fluctuations, taking the week as a whole, have been small and net-prlca variations slight. The advancing tendency in bonds has been checked by the heavy outpour of new securities, competing with the old and helping to take the sharp edge off the investment demand. It still does not appear that bond prices have fully ad justed themselves to the prospect of permanently lower interest rates. The return on many good Investment issues Is high, despite the rise of the last few months, in comparison with the yield of money loaned out In the market. But It will take time for the demand to digest the new capi tal offerings and clear the way for a further upward movement. July Sees Turn I'pward. Regarding business conditions gen erally, it ia pretty well agreed that the downward movement reached its lowest In July, as that was the month when production was at rock bottom. The turn which has come since then Is the last turn, it Is believed. In the sense that the July prices will not be seen again. But In question of the present recovery there Is much dif ference of opinion. The collapse of a year ago came so suddenly that production could not be cut down In comparing with the paralysis which came after the buy Ing movement. A state of overpro duction was the inevitable result and It was an excess of goods In mer chants' hands that was the main cause of depression through the first half of July. Supplies Are Replenished. What has happened since June Is that one Industry after another has reached the stage where this surplus has been worked off and where con sumers had to look to replenishing their supplies. It Is this replenish ment demand, now in progress, which is responsible for most of the price advances and other signs of a quick ening of business life which have been noted during the last few weeks. The point of doubt Is what will hap pen when merchants have got through restocking. Will the general buying power then have expanded sufficient ly to keep production and distribu tion at the higher ratio, or will It not? On the answer to this question depends the sequel to the current .increase In commercial activity whether It will bs sustained and slowly continued, or whether it will be followed by a partial relapse and a period of stagnation. Farmers' Buying Fower Curtailed. Ordinarily the main source of the country's buying power Is derived from the crops. The farmers sell their wheat and cotton and livestock and spend the proceeds at the manu facturing and distributing centers. This year, however, they will be getting very low prices for their products, especially for corn, which Is selling at the lowest In ten years, and for cattle, which It Is said cannot be shipped to market at present freight rates and yield any profit at all. Moreover, most of the money which the farmers receive will be used to pay off debts. That this Is putting the economic position in much better i .1 l i l l iif. npi.,,i-in pn.i sqii imiSMsam j i (Regular service between Portland. Maine; Philadelphia. Boston, i New York and Los Angeles, San Francisco, Portland, Oregon: ! Seattle and Tacoma via the Panama canal) North Atlantio and Western S. S. Co.'s 8800-ton steel KASTBOU..D I From I Portland I S. S. Lehigh Oct. 5 S. S. Sprlnafleld. .. . Sailed Mailed Oct. 7 S. S. Y'alaa Oct. 9 S. S. Artiicas Oct. 13 Oct. IS Oct. S3 S. S. West Ialeta Oct. 29 I 8. S. Brush Oct. t UcL2U Nor, S For Further Information Apply to THE ADMIRAL. LI.VE, 1'acUlc Coast Agents, 101 Third Street Phone Main 8281 ' J1"1 ,J';. "l-i!!"'1 STEAMER TICKETS to and front All Parts of the World OREGON-PACIFIC COMPANY 203 WILCOX BUILDING Portland, Oregon Phone Main 4565 Oregon-Pacific Company Agents for T0Y0 KISEN KAISHA And Joint Service of riOLLAND-AIHERICA LINE and t ROYAL MAIL STEAM PACKET COMPANY Sailings for Japan, China and West Coast South America, and United Kingdom and European Ports. General Freight and Passenger Office ' 203 Wilcox Bldg. Mala 4565. Portland. Or. shape goes without saying. But it Is not leaving room for ths normal boyn Ing demand to develop. Moderate Cains Probable. This Is a fact of the first Import tance to remember In calculating the business outlook. It Is not consistent with any Idea of great activity In ths near future, or indeed, well along Into next year. It is not Inconsis tent with the view that the business situation will at least, hold Its pres ent status and show soma further moderate gain In the closing months of the year. German Currency Inflated. It remains n be seen whether the recovery toward the end of the week In German exchange will be anything more than temporary. With the relchsbank increasing Its already tre mendously Inflated paper-note issue at the rate of 700,000,0(10 marks In a single week, it is hard to feel much optimism on this score. Meanwhile the fear that Germany will not be able to meet the next Installment of Its indemnity In cash has begun to sink in, and the possibilities which this suggests for French finance have been hinted at In the heavy sell ings during the last few days by hold ers of the French public debt. Foreign Trade Captured. Another interesting Incident of the week was successful bidding by an American company a subsidiary of the Wcstlnghouse Electric for the $7,000,000 electrical contract on the Chilean state railroads. The Ameri can company was able to underbid Its German competitors and thus to fur nish a concrete Instance bearing upon the much-debated subject of the fores of German competition, in view of the enormous depreciation of tho mark. It is an object lesson that much of the advantage which Ger man manufacturers get through pay ling for labor and home materials In a debased currency they lose in pay ing for necessary foreign raw materi als In the fearful premium exacted for foreign currency. Fancied Virtues fa Emerald. London Tit-Bits. People In olden times wore ths emerald In the belief that It pre vented giddiness and strengthened ths memory. TRAVELERS' C.flDE. wmm Passenger and Freight Service Thronah SailinBS to San Fran cisco, Los Anitelea and Una Ulego Leave Stun. Dock No. 2. 4 I'. M. SS. Senator Oct. 8 SS. Admiral Evans, Oct. 15 SS. Senator Oct. 22 and Every Saturday Thereat ler Loral Service to Marshfield. Eureka and San Francisco SS. Curacao - - - - Oct. 12 Every 14 Days Thereafter Trans-Pacific Service Yokohama. Kobe. Shananal. Hongkong, Mnnila. Duiren and Vladivostok United State Shi. iilnir Board All-steel American Vewla Salllnars front 1'ortland (Freight Only) SS. Montague - - - - - Oct. 5 Trans-Pacific Sailings from Seattle Passengers and Fast Freight Wenatchee Oct 13 Keystone State, ......... Nov. 5 Sliver Mate .....Nor. 26 FrLonly. "Passengers and Fru 4 For full Information apply to 101 Third St., Cor. Stark Phone Main 8231 AUSTRALIA HoDolula, harm, iSw Zealand. Ib faiatial ftuweufer L learners tL hi. ft. .NaoAlU, K. At. K. JiiaiJtai stO.WK) Tjna U.&OU Iom hail froui Vancouver, U, U. For rat and eaUiocs apply Can. Paa sttaUaay. M 1 hlrtt SU. Tortlaud. or Can jjU"AuMtrataiao Koyal Mali Lku; J toeymuur HC. V aoouovar. U, O. ASTORIA AND WAY POINTS Steamer Service. Lts. Dally (except Sunday) 7t30 P. M. Splendid sleeping accommodations. Connections Marie for All North and South Beach Points. Fare 3 Each Way. 83.40 Konnd Trip. Alder St. Dock. Main 1422-541-22. The llnrklnw Transportation "o. i u li -i' i nr- vessels. WESTBOUND From From From Portland. Me. Boston Phlla. "TP mi