V
19,
TOE SUNDAY OREGON7AN, PORTLAND, OCTOBER 2, 1921
STOCKS STRONG AT CLOSE
SHOUTS UNABLE TO CHECK AD
VANCE IN ritlCES. '
Dealings In Bonds Moderate With
Mixed Gains and Losses at
End of Session.
NEW YORK. Oct. L Tradlnf durinc
today's brief stock session was mads up
largely of metals, domestic oils, steels,
equipments and several conspicuous coal
issues.
Coppers rose 1 to 2 points In recognition
of the higher price quoted for future
deliveries, oils seemed to derive their Im
petus mainly from pools and Lehigh Val
ley's further gain was associated with
the company's proapectivs. segregation
plan.
Khorts opposed the advance In the first
hour, but retired when buyinr became to
insistent, a firm to strong tone marking
ths close. Sales amounted to 273.000
hares.
Ioa!lngs In bonds were moderate, lib
erty and victory Issues showing gains and
losses at ths end. Foreign issues were
tower, especially French government 74s
and Cuba Cane is. Total sales, par value.
aa-ffreicalea is.aw.ww.
An increase sf $33,000,000 In actual loans
and discounts by the clearing house re
flected the heavy transfer of funds Inci
dental to the turn Into the final quarter of
the year. Reserves of members at the
federal reserve bank dcreased t37.0O0.OOO
and a contraction of $4.1,537,000 In cash
holdings resulted in a. deficit In reserves of
prsctically $10,000,000.
Business In foreign exchange was nom
inal, but trash pressure was directed
against the Italian rate and German
marks, the latter again declining to .78,
their law record. Polish marks manifested
Increased weakness with other central Eu
ropean rates. Far eastern exchanges were
steady, the Shanghai rate recovering Us
loss of the previous day.
CLOSING STOCK QUOTATIONS.
(Furnished by Overbed! A Cooke com
pany. Portland.)
Sales. High.
Adams Exp... 600 60
Agr Chem
Ajax Rubber.. 300 24
Alfka Gold..
Alanka Juneau
Allied Chem. ..
llls-Chal ...
Am Beet Sug.
Am Bosch . . .
Am Can Co, . .
do pfd
Am Car F
RflO
40
BIH
400
46 'i
27
Low.
40
'23'i
' "
27
600 27 K 27fe
Bid.
4
33
23 K
43
33
27
87 V4
27 '
xVi
60O 129 128
do pfd 1UH
Am Cot Oil
do pfd
Am Drug Syn,
Am Hide tc L.
do pfd
Am Ire
Am Intl Corp.
Am Linseed...
Am Lnco
200
600
84 1
83
200 00
iV4
43 Vs
10
30 1,
(10
34 14
2114
do pfd 1U4
Am Sjif Rasnr
Am Hhtp & C.
Am Hmiflter .,
lo fd
Am Snuff . . ..
Am Slei'l Fdy.
Am Sugar . . ..
do pl'l
Am Sumatra..
Am T fc T
Am Tolj
ilo H
A m Wool
ilo pfd
Am W F pfd..
Am Zinc
Annri '.iln . . .,
Anail Oil
AtWllfton
do pfd
All U & W I.
liald 1aco . . .
ilo pfd
Balto & Ohio.
do pftl
Hi til Steel U.
n R t
Butte C & Z..
Butte A Sup..
Hum Bros . ..
Caildii Oil
ill Packing..
Cal 1'ct
do pfd
Can Pac
On Leather...
Cerro de P. . ..
Chand Motor..
Chi A N W
Chi Ut West..
do pfd
Chill Cop ....
Chino
C M St P
do pfd
Coco Cola -. . t.
C & O
Colo F ft I
Colo Q & E...
Col Graph ...
Con (las
Con Clears . . .
do pfd
Contl Can
Contl Candy..
Corn Prod . . .
do pfd
Coaden Oil ...
C R 1 ft P
do A pfd...
do B pfd...
Crucible
do pfd
Cuba I'Hitfl
do pfd
Cub Am Sug, .
Del ft Hudson.
Iiitme Mfties. ..
D ft It U
do pfd
Emil Johnson..
Krle
do lnt .pfd. .,
do 2.1 pfd. . .
Fam Players..
Fed M ft Km..
do pfd . ... .
Fik Tire ?...
(anton Wms..
tien Cigars . .
Jen Klec
ien Motors ..
len Allien ...
Oen Asphalt..
(Wiodrlch
Goodyear ....
Uranby
lit Nor Ore...
do pfd
Oreene Can ..
!iilf 8 Steel. .
Hank Barker.
Houston Oil..
Hup Motor . . .
HI Central ...
Inspiration ...
Int Agr Corp..
do pfd
Intcrboro ....
do pfd
Intr Callahan.
Int Harv
lnt Mar Mar. .
do pfd
Int Nickel ...
lnt Paper ....
do pfd
Invln Oil ....
Inland Oil ...
Jewel Tea . . .
K C Southern,
do pfd
Kelly-Spgfld .
Kennecott ....
Keystone Tlrs .
I.aek Steel ...
Lee Tire
LehlKh Val ..
Lorlllard
Lowe Theaters
L ft N
Mex Pet
Miami
Mid States Oil
Midv Steel ...
M K A T . . . ,
do pfd
Mont Power...
Mont Ward ...
Mo Pac
do pld
M St P ft SSM
M ft St L. ....
Nat Biscuit. . .
N'atKnamcl. . .
Nat Lead ....
Nev Cnn
New Haven...
Nur ft West. ..
Nnr I'ac
Nov Sco Steel.
N Y Air Brk..
N Y Central. .
Olfca Prod ref.
Ont Silver ...
Ont ft West...
Otis Steel
Psc O ft E. . ,.
Punta Allegre.
Pacific Oil . ..
Pan Am Pet. .
do B
Penna
Peo (las
Pere Marq ...
Phiia to
Pnre Oil
Pierce Arrow..
Pierce Oil . ...
Pitts Coal ...
Pitts A W Va.
do pfd
Pr Steel Car..
Pullman
Hnv Cnn
200
' 2300
2"0
tK)
l,7l
200
7(10
700
'so'hi
23
"4
4114
108
4
'six
ioaii
23
3014
S3 Mi
40
107 T4
1,100 7314 7314
400
7,400
Villi
11 ID
tK)
3.000
10,
'!
Hi
2S14
S3
40
'soii
81
2R4
SB
600 88 14 38 V4
401)
l.KoO
3110
4.IIUO
l.oinl
luil
66
IK
131,
HIS
111
7
H
1414
107
1074
fi'iU 31)14 3814
400
1110
2.1100
4IM)
100
3.300
6.200
KIWI
4110
S'MI
4UO
Yo'ii
1,800
113
211
3014
43-4
70
12
211
211
411
86
66
100 44
1)00
1110
B.ROO
8110
" 100
1.000
i.Vo'fi
Dull
l.ooo
7!)
107
27
34
7
U4
'7
17
13
100 10
loo
1ui
800
4
l.T,
1
3,600 63
100
3,700
400
3.600
i.'n'oo
3U0
'206
8,700
DUO
200
1110
1,6110
100
2.114
13
121
10 i
40
r.3
32
'20
'73 4
21
311
38
67
113
211
42
70
11
21
2.1 14
40
83
66
-60"
4V4
44
'78'
107
27
33
7'
63
"e
18
12
64
13
1!)
'53
'23
12
123
1
40
32
32
io"
31)
3X
65
11
8,600 38 35
10O
4UO
4H0
100
SOO
41)1)
2'0
2,1100
300
'i.Voo
2.100
80
2
8
76
10
4
"io
2
8.000
3,800
Yn'ii
2M0
18,600
11.600
l.ooo
1,400
22'
26
50
'13
12
80
2
6
4
76
10
'i.i
4
"9'
25
'42
20
'41''
26
57
'l3'
'ri
21
11
18 18
400
100
200
1.500
8K0
1IM1
800
"700
1,700
lOl)
200
'"'206
' s. no n
1.1100
8110
600
6IHI
800
llll)
Hill)
l.lilO
100
40
68
75
12
H
78
72
2
22
40
68
73 4
12'-,
1 ' .
4
811
76
103
21
30
84
41
107
123
122
73
H
21
10
4
111
8il
80
2S
87
lift
8S
31
3
7
414
13
107
II)
6
311
7'1
113
2!)
30
43
70
.71
16
12
26
25
4l
S3 "4
36
24
CO
4
811
27
6S
43
78
106
27
33
711
1,7
(13
82
6
16
12
102
18
1
61
13
HI
13
53
6
23
12
58
124
10
40
r.3
32
10
20
28
73
23
Rl)
68
37
11
06
3H
7
8!)
1
5
4
73
10
47
14
411
00
10
2
10
23
50
43
10
41
2H
38
148
1.1
30!)
100
21
11
23
. '2
8
4!)
18
20
40
68
814
112
37
73
12
14
06
7S
23
56
72
400
5.7O0
li.'soO
311O
6.400
aoo
100
Reading 2.300
Remington ...
Replo Steel ...
Rep I A 8. ... 800
do pfd
Rep Motors
Ryl Dutch Oil 1,000
Ry Steel Spg.. 1U0
Saxon Motors
Sears Roebuck 400
Shattuck Aria. oX)
Shell TAT.. 200
Sinclair 8,100
Stand Oil Cal. 100
Kloss Shef
So Pac 1.6O0
So Ry 200
do pfd .....
stLtsr.,,, 1,000
Strom Carb...
Studebaker ... 2,100
Swift ft Co
Tenn C ft C.
Texas Oil
Texas Pac ...
Tex P C A O..
Tob Prod .
Tr Contl Oil..
Union Oil Del.
Union Pac ...
United Alloy..
United Lrug..
Ltd Fd Prod..
United Fruit..
Lnld Rds N J.
do pfd ... .
Utd Rtl Stores
U S Ind Al....
V 8 Rubber...
do 1st pfd. ..
U S Smelting.
U 8 Steel
do pfd
Utah Cop ....
Va Chem ....
do pfd .....
Van Steel ...
Vlvandou ....
Wabash
do A pfd....
do B pfd. ...
Wells Fargo..
West Pac ....
do pfd .....
West Union...
Weath A B. ..
Westh E A M.
West Md
White Motors.
Wlllys-Ovld ..
do pfd .....
Wilson Pack..
Wis Cen
Woolworth ...
Worth Pump..
W A L E
72
52 62
46
84
45
84
6S
7
84
20
76
68
6
33
1
76
80
21
74
7
21
23
'73'
8
87
23
65
8
17
122
8
86
'26
65
8
17
122
72
23
23
52
80
11
40
84
3
68
7
83
2o
7j
87
20
46
23
2D
74
4
8
88
22
23
65
8
17
122
26
56
13
108
8H
18
62
46
50
88
84
80
110
62
30
73
31
45
2P
14
60
22
61
82
86
44
88 t
5 3
28
84
a
114
40
8
BONDS.
V 8 2s. reg...100N T C deb 6s.. 5
do coupon. . 100 Nor Pacific 4s. 77
do 4s reg..104 do 3s 57
do cv 4n. cp,104Pao TAT 6s. ."87
Pan 3, reg.. 76Penn con 4s.8l)
do coupon... 711 So Paclf cv 5s(.!)5
A T ft T cv 6s 102 So Railwy 6..85
Atchen gen 4s 78 Union Paclf 4s. 82
D ft H con 4s 7IU a Steel 6s... 84
100.
2.000
100
"l 00
600
400
4,300
HIO
400
2. 5 10
200
4,000
200
2U0
56
13
100
'is'
62
47
60
88
84
80
110
32
'73'
81
56
13
100
'l8
51
46
40
8S
33
711
110
61
'73
31
200 30 20
200 22 22
800
100
800
200
82
6
82
86
6
26
100
100
114
40
113
30
Bid.
Liberty Bond Quotations.
Liberty bond quotations furnished by
Overbeck A Cooke company of Portland:
Liberty. 3s
do, 1st 4s .
' do, 2il 4s . .
do, 1st 4s
do, 2d 4 '4 s .
do, 3d 414 s ,
do. 4 in 4s
Victory. 4 s ,
do. 3s
Cloning
High. Low. Bid.
SS0.40 188.34 8S8.36
00.70
. 00.52 IMH26 00.26
. IIO.HS 1MI.80 1)0.80
00.56 0H.46 IHI.52
03.1)6 11.1.84 ll.t.04
00.04 IH1.72 WO.UO
. 00 43 00.44 O'.i. 44
U0.4II 00.44 00.44
BOSTON.
Allouez ...
Arts Com..
Cat A Ariz.
Cal A Hecia
Centennial ....
Cop Rife Con..
ri. Butte Cop..
r ranKlin
Isle Roy Cop..
Luke Copper..
Mining Stocks.
Oct. 1. Closing quotations:
.. iv 1. Mohawk 53
.. 8North Butte... 11
. . 60Old Dominion.. 24
..240 lOsceola 28
Biuuincy 41
86 Superior 2
ISpr A Bos Mln 174
2 lUtah Con 8
20 Winona
2 14 I Wolverine
40
11
Swift A Co. Storks.
Closing prices for S-alft A Co. storks at
Chlcsgo were reported by the Overbeck A
LooKe company of Portland as follows:
Swift A Co t)3
Libby, McNeil A Llbby 7
National Leather 634
owiu international 22
Money, RUver, Etc.
NEW YORK. Oct. L Foreign bar
silver, 7034. Mexican dollars. 64.
LONDON. Oct 1. Bar silver. 42d per
uu.iuv. money o per cent. discount
rates, short bills, 4 ', per cent; three
months bills, 44 V-16 per cent
New York Bonds.
.New York bond quotations furnished by
nerrin a njinnfi, inc., of Portland:
Am Tob 7s. 11)22
Am Tob 7s. 1023
Anaconda 7s B. 1020
Anaconda 6s A, 11120
Armour cv 7s, 1030
Armour 4 a. 19311
Argentine CI 6s, 1043
Am Ag Chm 7. 1941
Beth steel 7s. 1022
Beth iSleel 7s. 102:1
Beth Steel Eq 7s, 11135
Belgium Ext 7s, 1043
Belgium 6s, 1923
Heiglum 8s. 1040
Bergen 8s, City of. 1045
Brne 8, City of, 1040
Braxil , 1041
Canadian 5s, 11131
Csn Nat Eq 7s. 10S5
Chicago N.-W. 7s. 111.10
C M ft St P gnftrf 4sA, 2014..
Can Nor 7s. 1040
Chile 8s. 11)41
Christiana 8s. City of, 1043
i upper r.xp s, 11)
.4
22
68 57
ik" 'S7
46 46
43 42
87 37
61 61
20 20
80 31)
23 25
11 11
84 6
'62 'r2
14 1 a 14
22
0
BS
27
87
46
43
87
1
20
20
23
11
U
26
75
67
02
13
ARK TOT? LOOKIXO FOR DE
PENDABLE PRODUCE DEALER?
Veal Hotter
Pork fliers
Pi.ultrr Eggs
Honey Any Product
Get our prices.
RUBY A CO.. '
16 Front ajt, Portland1. Or.
Sixteen Years' Reliability.
.100
..101
. . 05
.. 91
. .100
2;
" i5
..100
.. 05
.. 06
..102
.. .-.
..101
..100
..11)1
. . 00
.. 92
..102
..104
. . 38
. .103
.. 08
. .101
iruis-.
Copper F.xp 8s, 1023 101
. .. .101
102
. ... US
102
104
103
102
011
00
. . . . 04
103
....104
. . . . OO
. . . . 56
.... 82
9.1
101
103
1 181
104
04
. . . . 92
2
.... 10
97
9S
.... 81)
....105
....104
. . . . 02
107
98
97
,...100
,...1IM
102
101
.... 83
102
102
....101
Copper Kxii Ks. 11124....
Copper Kxp 8s, 1H20 "
Cuban Atner Sugar 8s. 1931..
Con tins cv 7s, 1512."
Ilia Match 7s. 1035 '. .
Denmark 8s. 1945
Danish Mun 8st 1945
Dupont 7s. lfj.il
French ext 8s. 1045
French 7 s, 1941
Grand Trunk 7. 1910
fioodyesr 8s. 1941
Oulf Oil 7s, 1933
lnt Rap Tt ref 5. 1066
lnt Mar CT Os. 1041
Kennecott 7s. 1030
Morris A Co 7s. 103O
N Y C call 7s. 1(130
Norway 8s. 1040
Northwent Tel 7. 1041
Ohio O O 7s. 1025
Ohio Power 7s, 1931
Pan Amer 7s. 1930
Penna 6s. 19:111
San Paulo 8s. 1036
Southwt Tel 7s. 192.V . . .'.
Swedish Govt 6s, 1939
Standard Oil, N Y 7s, 1031....
Stand Oil of Cal- 7s. 1031
Steel A Tube 7s, 1951
Swiss Rs. 1940
Sears Roe 7s. J022
Sears Roe 7m, 1923
Solvay Sa. 1927
Swift A Co 7s. 1925
In Tank 7s. 1030
V S Rubber 7s. 1030
Wilson 1st 6s, 1928
West Eire 7s, 1925
Westlnghouse 7s, 1931
Zurich 8s, 1943
Foreign Bonds.
Foreign bond quotations furnished by the
1.00110 company or Portland
Overbeck
Belgian rest 6s
Bolgian prem 5s
Belgian 7s, 1B45
Belgian 8a. 1941
Belgian 6s, 1925
Brazil 8s (new)
British 6s. 11122 ....
British 5a, 1927
British 5s, 1929
British vky 4s
British reg 4s
Bordeaux 6s, 1934 ...
Canadian 5s, 1926 ....
Canadian 6s. 1920 ..
Canadian Ss, 1931 ....
Canadian 5s. 1921 ..
Canadian 5s, 1027 ....
Chilean 8s, 1941C ....
Currency
Denmark 8s. 1945 ....
Dan Muni 8s. 1943 ....
French 4s. 1917
French 5s, 1931
French 7s. 1941 ....
French 8s, 1943 ......
Paris 6s
German W L 6a
Berlin 4s
Hamburg 4s
Hamburg 4
Lelpslg 4s
Letpsig 6s
Munich 4s ..........
Munich 4s
Munich 6s
Frshkfort 4s
ltaliun 6s, 1918
Jap 4s, 1031
Jap 1st 4s, 1923 ....
Jap 2d 4s, 1925
Norway 8a. 1940
Russian 6s, 1921 ....
Russian 5s, 1026....
Russian 8a, 1U10 ....
Swiss 6s, 1929
Swiss 8s. 1940
U K 3s. 1021
U K 5s. 1922
U K 8s. 11129
U K s, 1037
Hid. Ask.
....65 63
17 70
....102 102
101 102
. ... 95 93
99 1(10
874 384
....311.1 375
3113 378
. . . . 20 290
....270 281)
.... 83 84
....94 4
....93 04
.... 90 90
.. . . 99 100 -
88 88
08 08
8 111
....103 103
....102 102
45 46
....53 36
.... 95 95
....106 100
.... 99 100
.... 6 7
.... 7 8
.... 7 9
.... 8 e
.... 7 8
.... 8 B
.... 7 8
.... 7 8
.... 8 10
7 8
....81 32
.... 70 71
.... 85 86
85 86
....106 106
14 16
8 5
.... 14 16
.... 90 01
....107 107
.... 99 100
98 98
.... 91 91
.... 88 90
Holland, guilders 3200
Hungary, kronen .0019
Italy, lire 04is
Jugo-Siavia. kronen .0050
Norway, kroner .1240
Portugal, escudoa .1140
Roumania. lei OliHJ
Sertla. dlnara 0107
Spain, pesetaa .1314
Sweden, kroner .2240
Switzerland, franca 1741
China Hongkong, local currency.. .56.10
Shanghai, taeis &4'
Japan, yen,... 430V
NEW YORK. Oct 1. Foreign exchange,
irregular. Great Britain, demand $3.72:
cableo, $3.7o. France, demand, 7.07:
cables, 7.08; ItaJy, demand, 3. 93; cables,
8.03; Belgium, demand, 6.00; cables,
7.00: Germany, cables. 80 V4 : Holland, de
mand, 31.90; cables, 81.9; Norway, de
mand, 12. 2o; Sweden, demand, 22.23; Den
mark, demand 17. 0O; Switzerland, demand,
17.32; Spain, demand, 13.03; Greece, de
mand, 4.81; Argentina, demand, 32.87;
Braxil, demand, 13.12; Montreal, 91.
Demand bills on Germany fell to .78 and
cables to .78 In the late dealings.
LIBERTY BOND TRANSACTIONS LARGE
Evidence of Ending of Country-Wlds
Liquidation.
NEW YORK, Oct. 1. The strength of
federal war issues and the acute depres
sion of exchange on Germany and most
of the new central European countries con
stituted the noteworthy developments of
the week in the financial markets.
On enormous transactlona and almost
without exception, liberty bonds and vic
tory notes registered gains of 2 to 5 per
cent, the latter rising to within a frac
tion of par. While the demand for these
Issues was primarily ascribed to ths recent
lowering of re-dlscount rates by federal
reserve banks. It was also accepted as evi
dence that the country-wide liquidation of
the last 18 months had run Its course.
On the other hand, the slump in marks
to a f gure under 8-10 of a cent, with cor
responding or greater demoralization in
the quoted valuea of Austrian. Polish and
Czecho-Slovakla remittances, heightened
apprehension regarding Germany's ability
to meet further obligations to the allies.
In the stock market rails were the only
stable issues, increased traffic and small
operating costs being seen In additional
statements of August earnings. The plan
of the Interstate commerce commission to
merge the railroads into 19 distinct groups
met with little indorsement among rail
way executives.
Industrial and special stocks traversed
the lines of least resistance, their irregu
lar movements most often reflecting the
mixed views of professional interests.
Traders again confined their operations
chief v to oils, steels and equipments.
Gsneral business conditions showed fur
ther signs of Improvement, ascrlbable for
the most part to seasonal requirements
Activity was especially marked In the cot
ton, woolen and leather industries, there
being no material increase of production
in manufactured steel and Iron.
The higher ratio of reserves reported by
the federal reserve board Is regarded by
bankers as a strong indication of easier
money in the fourth quarter of the year.
Interior banks at present are drawing on
local reserves for crop-moving purposes,
but predictions are made that 60 and 90
day commercial loans soon will be made
on a 0 per cent basis.
DEFICIT SHOWN IN LEGAL RESERVES
Large Decrease Reported by New York
Clearing-lions) Banks.
NEW YORK. Oct. 1. The actual con
dltlon of clearing houso banks and trust
companies for the week shows a deficit
of $10,808,230 In legal reserves. This Is
a decrease of $43.5.17.160 from last week.
The statement follows:
Actual condition
Loans, discounts, eTc, 14,466,834,000; in
crease, $35,081,000.
Cash In own vaults members federal re
serve bank, $66,626,000; decrease, $3,
876.000.
Reserve in federal reserve bank of mem
ber banks, $450,793,000; decrease, $37,-
146. ouo.
Reserve in own vaults, state banks and
t-ust companies, - $8,849,000; Increase,
$23.0OO.
Reserve In depositaries, state bank and
trust companies, $8,437,000; decrease.
9227.000.
Net demand deposits, $3,664,644,000; in
crease s-t4.nui.uoo.
Time deposits. $217,804,000; Increase,
$652,000.
Circulation, $32,431,000: Increase. $42,000.
United States deposits deducted, $216,-
1P1.000.
Aggregate reserve. $474,079,000.
Deficit In reserve, $10.81)8.230; decrease.
fll.UJ I.1UU,
Summary of state banks and trust com
ranles In Greater New York not Included
.n clearing-house statement:
Loans, discounts, etc., $632,501,500; In
crease, $3,629,100.
Gold, $6,679,400: Increase. $10,400.
Currency anC bank notes, $16,572,600;
increase, $426, 1 00.
Deposits with federal reserve bank. New
York. $51,206,700; decrease. $230,400.
Total deposits, $660,187,700; Incre
$7,428,700.
Ditto eliminating amounts due from
reserve depositaries and other banks and
trust companies in New York city and
United States deposits, $604,431,000; in
crease, $8,869,900.
Banks, caah In vault. $24,103,500.
Trust companies, cash in vault, $50,
443.200. SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bar City.
SAN FRANCISCO, Oct. 1. Vegetables
Squash, 40-lb. lug, 506.1c; potatoes,
$23.70; onions, new yellow, S3 6' 3.25;
broWn. $3. 2.108. 50; tomatoes, $1.2341175;
bell neDDers. 34c: beans. 4iftfU" lima.
7S7c; carrots, $11.25; egg plant, 34yoc
corn, per sack, $243.25; lettuce, pur crate,
$1.25; celery, per crate, $3fcM; peas, per
ID., BWllc; sprouts, per pound, Ui8c.
Poultry Hens. 254?33c; young roosters.
2020c; old roosters. 16&18c; young
chickens, 3245c; ducks, 2,1c; dressed
turkeys, 43c; live turkeys. 354t50c: Bel
gian hares, 15c; squabs, per dozen, $3.50.
Fruit oranges, Valencia. 14 w 6.25: lem-
Ona. $4.504fi6.25; grapefruit, $405.50; ap
ples, a ana 4-tier, st.jura2.3u: straw
berries, per crate. $ 1.25 0 1.50; raspberries,
per drawer, 63v8c; blackberries, per
drawer, 4U4).10c: peaches, per small box.
85c 47 $1.75; cantaloupes, standards, crate,
$23; ponies, $11.25: flats, 60075c;
tigs, single layer, noatnuc plums, per
crate. $12.50: caa&baa, per dosen. 65c
u$l; watermelons. per dozen, $2z'3;
grapes, per crate, seedlesa, $1.6001.75;
others $1.2501.75; pears, per box, $2.50
3.75; prunes, per crate. $1.2502.25; cran
berries, per box. $5.
Receipts Flour. 1647 quarter sacks:
wheat, 1600 centals; barley, 4246 centals;
potatoes, 8851 sacks; onions, lt71 sacks;
hay. 80 tons; oranges and .lemons, 621
boxes; livestock. 525 head.
QUOTATIONS ON DAIRY PRODUCE
Better Prices Ruling on Butter, Cheese
and Eggs.
SAN FRANCISCO, Oct. 1. Butter
Extra, 48c.
Eggs Extras. 61c; extra firsts. 5914c:
extra pullets. 47c; extra pullets, firsts.
42c: undersizea pullets. No. 1, 80 c.
Cheese (jalltorma riat fancy. 23c: Cali
fornia flat firsts, 20c; California Young
Americas, fancy, zuc
NEW YORK, Oct. .1. Butter Firm:
creamery higher than extras, 43045c;
creamery extras, 44c; firsts, 860
4Sc.
Eggs Weak, unchanged.
Cheese Unchanged.
CHICAGO, Oct. 1. Butter Unchanged.
Eggs Higher; receipts, 9800 cases:
firsts. 38040c; ordinary firsts, 34036c;
miscellaneous, 37036c
WHEAT BREAKS I'l EAST
MARKET LACKS SUPPORT AXD
PRICES EASILiY GIVE WAY.
Foreign Exchange.
Foreign exctntnge rates at the close of
business yesterday, furnished by North
western National -bank of Portland. The
amount quoted Is the equivalent of the
forelgu unit in United States fundey
Austria, kronen $0.0010
1 Belgium franca
Bulgaria, leva
Czecho-Slovakla. kronen
Denmark, kroner
England, pound sterling
Finland, finmark
France, francs .........
Germany, marks
Greece, drachmas
.0710
.0030
.0110
.1300
S.74.H)
.0155
.0720
.00SI1
.0437
SEATTLE, Waah., Oct. 1. Eggs Se
lect local ranch, white shells, 58c; do
mixed colors, 60c; pullets, 38040c.
xtutter city creamery cubes, 4Uc: bricks
or prints, 48c.
Reactions In Coffee Market. '
NEW YORK, Oct. 1. There were fur
ther reactions in the market for coffee
futures here today. The opening was un
changed to 2 points higher and active
monthe sold up another point or two right
after the call. Hedging sales sent Decem
ber off to 7.80 or 20 points below the high
level of the week. Closing prices were the
lowest, showing a net loss of 4 to 9 points.
Sales were estimated at approximately
24.000 baga. Closing quotations: October
7.65c, December- 7.80c. January 7.81c
March 7.83c, May 7.88c, July 7.95c, Sep
tember 7.95c
Spot coffee steady; Rio 7s, 8e to 8c;
Santos 4s, UHc to yc.
Large Delivery of Lard.
CHICAGO, Oct. 1. Deliveries on October
provision contracts today Included 7,700,
000 pounds of lard and 750,000 pounds of
ribs.
New York Sugar Market. x
NEW YORK. Oct. 1. Raw sugar, cen
trifugal, 4.23c; refined, fine granulated,
5.50c
Dried Fmlt at New York.
NEW YORK. Oct 1. Evaporated apples,
nominal. Prunes and peaches firm.
Losses of 3 to 3 Cents at Close
, in Chicago Minneapolis
Down 5 Cents.
CHTOAGO. Oct L With liquidation on
rn wheat and corn, the entire list sagged
on one Chicago board of trade today. Ths
close saw net losses of 3c to oc in
wheat o to 0o in corn and c In
osta. Provisions ranged unchanged to
27 c higher.
Wheat opened weak with bearish sen
timent strengthened by the few news fac
tors and encouraged by the absence of
outside support Jverg bulge brought out
Increased pressure anil numerous etop-loss
orders were uncovered Breaks at Winni
peg caused by hedsjing, decline of around
6c in cash wheat at Minneapolis and slow
export demand, coupled with a report that
a New York interest bougnt 20.000 barrels
of Canadian flour this week, combined to
break the resistance of some of the most
stubborn longs. May wheat made a new
low record on the crop.
Hedgring sales, scattered liquidation and
the state of the wheat mirkt caused the
break in corn, and oats were lower in
sympathy with other grains.
In provisions nearby options were under
pressure, but deferred deliveries held
fairly strong la the face of general market
conditions.
The CMcago grain letter, received yes
terday by the Overbed! & Cooke company
of Portland, follows:
"Wheat It wae a broad market featured
by heavy liquidation which continued right
up to the close. The receipt of bullish
news from the east caused a small rally
early In the day, bat failed to stimulate
sufficient buying power to absorb the per
sistent eellrng.
The newe in question was in the form
The news In question was in the form
of a recommendation by one of Hoover's
staff that congress be aaked to send
1.000,000,000 tons of grain and seed to
Russia as the only means of saving that
country. The decline in northwestern cash
prices, which induced considerable selling
here, waa said to be in anticipation of
larger receipts next week. The seaboard
failed to confirm any export business for
the day, although some of the buying of
future was credited to export interests.
The market, in our opinion, is due for s
recovery and It is not impossible that the
revival of the Russian problem may fur
nish the necessary motive.
"Corn There was considerable hedging
pressure in evidence early in the day, but
the market toward the. close showed signs
of Independent strength, due no doubt to
Increasingly persistent advices of crop
deterioration and the announcement that
Idiaa might be quarantined on account of
discovery of the European corn worm. The
caah demand, however, was again indif
ferent and the spot basis was reduced an
additional half cent 6hort covering and a
rally would seem in order after the decline
Just registered.
"Oat General commission house selling
and lack of lmiportant buying- gave this
market a weak appearance. Receipts were
small and demand fair at firm basis. We
would avoid the short for the time being
"Rye Trade was small and without fea
ture aside from a small volume of buying
credited to export interesta Cash waa
nominally 3 cents under September for
No. 2 on track. '
Leading futures ranged as follows:
WHEAT.
Open. High.
$1.19 31.20
1.25
CORN.
.40
.54
OATS.
.36
.40
PORK.
I 'I I Db l . jg "5 1
B I B I I 'WLS - ts t mil I V
I I
Dec.
May
Dec
May
Dec.
May
1.25
.40
.54
,3R
.40
Low. Close.
$1.17 $1.17
1.22 1.22
.49 .40
.54 .54
.85 .
.40 .40
15.00
9.50 9 02
9.02 9.10
Jan
LARD.
Oct v.KO 9 05
Jan 9.00 9.10
SHORT RIBS.
Oct "5
Jan T.92
Cnh price were as follows:
Wheat No. 3 red. $1.12; No. 2 hard,
$1.18.
Corn No. 2 yellow, ' 47 48c; No. 2
white. 47 c
Oats: No. 2 white, Si35c; No. 8
white. 3383c.
Rye No. 3. 596e.
Barley 60 f 2c.
Timothy $4.214.75.
Clover 12o)lS.
Pork Nominal.
Lard $9.92.
Short ribs $7 08.
GOOD WHEAT CROP IX MANCHURIA
Grain Is of Moderate Quality Surplus for
Export.
ftcnMv..pia T.ntA lntormntlon confirms
our early forecasts for a good 1921 har
vest Samples of new wheat are of mod
erate quality. It la probable this country
win .vnnrt fair Quantities of wheat this
season and st competitive prices. 1
Bulgaria. The government ims now -
qulsitloned all grain over aim ai.i.o in
ducers' needs for sowing purposes, etc.
Italy Minister ot rinance einniHiru im
port requirements or wneai ni
bushels. This amount of wheat has al
ready been purohased. Our agent esti
mated an Importation of 64,000.000 bush
els for this season.
Minneapolis Grain Market.
utVKEAPnua. Oct. 1. Cash wheat
No. 1 dark northern. $i.4U' en.sow ; ino.
$1.37 01.42 ; NO. . 0 i.ouis ;
No. 1 northern, $1.39 0 ) ; o. z,
$1.84 01.88; No. 3. $1.24 1.27;
No. 1 dark hard Montana, $1.26
1.28; No. 1 hard Montana, $1.02
1.05: No. 2 durum, 99C0$1.O2; No.
3, 95 7'!0 c. Corn. No. 2 yellow. 42c;
No. 3. 41c Barley. 89055c Flax No. 1.
$1.8701.39. Futures Wheat, December
$1.30; May $1.30.
Winnipeg Grain Market.
WINNIPEG. Oct. 1. Cash wheat No.
1 northern. $1.28: No. 2. $1.27; No. 8.
$1.23: No. 4. $1.17: No. 6. $1.05; No.
6, 95c Futures October $1.27; No
vember $1.27; December $1.22.
4iraln at San Franciseo.
RAN FRANCISCO. Oct 1. Grain
Wheat, milling, $22.27; feed. $1.97
2.07. Barley, feed $I.li01.2U; ship
ping. $1.2.101.32. Oats, red feed, $1.60
0 1.60. Corn, white Egyptian. $1,700
1.80: red mi in. $1.7001.75.
Hay Wheat. No. 1, $15018; fair. I13e
15; tame oats. 812015; wild oats, $100
alfalfa, $12014; stock, $8010; straw
nominal.
RAILROAD AND SAWMILL
Located on the
V OLYMPIC PENINSULA STATE OF WASHINGTON
by the
United States Spruce Production Corporation
A GoTerament Agency Onranlzed tinder Art of Cn-"1
fretw, eDtitlrd "An Art mAkinc apprttprintiuQ for the I
t up port of the Arm," tc Approved Jul 9. 1918. J
ia. a
'S SZSCCHI
y . .. o 9 fl 7
' lis s
lj kjSWCSTM""""' el
Q If M J
T1LLAMO0,
coftpiereo ffAjtwAr coriPLttTO ffj CKAoe ittOJecrto t tries
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
Tvocatlon Connects with the Milwaukee S ye tern at Dlsque, 17 miles
west of Fort Angeles. Main line completed 36 miles te Lake Pleasant.
RewonTTes Independent connection with Pugret Sound possible by con
struction 'of 64 miles from Dlsque to Port Crescent. Spurs aggregating
TO miles graded for opening and developing of timber immediately
tributary, estimated, prior to the storm of last January, at 6 Si billion
feet, consisting of 2,393,000,000 feet of Fir, 987.000,000 feet Spruce,
543.000,000 feet Cedar, 2,813.000,000 feet Hemlock. Timber through
which logging branch spurs are graded is privately held without In
cumbrance by large owners. Productive logging operations physically
possible 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 some extent by storm of January last.
Numerous water power sites adjacent for large pulp or milling devel
opments. Construction Seasoned, substantial roadbed; standard gauge 0-lb.
rail; gravel and rock ballast; wide clearances; E-50 structures; maxi
mum 14 deg. curvature; gradients 1.25 vs. loads, 2 vs. empties; 1
summit. 8.6 miles siding installed; 8.5 rulles additional sidings graded.
Mam line construction involved 1.250,000 yds. grading, 660 lln. ft, tun
nels, 30,000 lln. ft. piles, 800,000 F. B. .Y. Umber la place, 66.000 yds.
ballast.
UNITED STATES SPRUCE PRODUCTION
MILL PORT ANGELES, WASH.
Shipping Facilities Alongside deep water Puget Sound; Chicago, Mil
waukee & vt. Paul Transcontinental Kail way System, Paclflo coast
terminal rates.
Mill 'Building Heaviest timber construction, conforming te accepted
commercial practice, 90 completed.
Machinery Individual oinlts electrically driven; on 10 and one 11 -foot
band head saw; 60-inch gang; 84-Inch resaws; eargo and rail overhead
loading cranes; entire layout and individual machines of accepted
commercial type. All unused and In storage at Vancouver,- Wash.
Capacity 400.000 P. B. M. per 8-hour day.
Power Plant Fireproof brick building on solid concrete foundation;
Custodls stack; refuse burner; 2400-H. P.. water tube boilers; present
provision for inoo K. W. turbo generator; piping and room provided
for additional 2000 K. W.
Ample Water Rnpply,
Engineering Highest quality skill and design in entire tntrtallatlea
by recognized experts of wide technical and operating experience.
Site Ample for all purposes.
Lo Pond 15 million F. B. M. storms;' capacity.
Housing Karl litiee Cam p buildings, modern cottages and three-story
60-room brick hotel, completely furnished; also) considerable housing
room in city.
TFRMS of No bid for less than 31.600.0OO will be accepted for both properties; no bid for less than $1,000,000 will be accepted for the
Dfrwivrr railroad property; no bid for less than $500,000 will be accepted for the mill.
DlDEIlNC As the above minimum amounts are considerably below the commercial and reproduction value of these properties, the Corpora
j c A I F tlon reserves the right to accept any offer In excess of the above minimum amounts for either one or both of these properties.
Ana OJlE n or before October 17, 192L, In the event of such offer or offers 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 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 $25,000, made payable to the United States Spruce Production Corporation, cam 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 on forms and under conditions contained In the prospectus which will be supplied upon request by the United States Spruce
Production Corporation.
Titles to real property, timber, maps, layout plata 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.
terday by Sheriff Fred G. S-tlckels
from th Southern Pacific company
a payment of the second half of the
company's ta on property In Lane
county for 1920. The nheriff reports
that taxes are coming In mora ylowly
than usual. He said he expected a
rush before October 6, when taxes
become delinquent.
Phone your want ad to The Orego
nJan. Ma-in 7070 Automatic 660-95.
Seattle Grain Market.
PKATTLJ2, Oct. 1. Wheat Hard white.
hard red winter, $1.08; soft white, whit,
club. 1.07; soft red winter, tl.OH: north
ern spring, $1.10: eastern red-Walla, 11.04;
UIk liend bluestem, 11.14.
City delivery: Corn Whole yellow. $37:
cracked, 130: feed meal, 139. Barley
wnoie reed. 134: rolled. 36: sround. 136:
clipped, (41. Oats Whole feed, ' 3;
rolled, 3M; ground, 138; sprouting, 141.
w neat necteanea leea. 4&: all eratn
chop, (38: chick feed. $37; chick mash,
$4; growing feed, $53; growing mash.
$52: err mash No. 11. M., (47; scratch
feed, $46; wheat mixed feed, $23: cocoa
nut meal. $2T: linseed oil meal, $50; soy
bean meal, $58.
Hay Alfalfa No. 1. (20: mixed No. 1.
$22; timothy No. 1. $27; straw, (18.
Duluth Unseed Market.
DULDTH. Oct. 1. T.lnH nn n,v
arrive. (1.91.
Naval Store.
SAVANJJAH. Ga.. Oct. 1. Turpentine.
quiet; 61 "4c; sales, nous: receipt. 613
barrels: shipments, 14 barrels; stock,
9579 barrels.
Rosin, firm; sales, 978 barrels: receipts.
1674 barrels: shipments. 295 barrels: stock.
77.803 barrels. Quote: B, (3.80; D, $3.85;
fc 3.9u; 4.oo: o. (4.05: H. $4.10: L
(4.25; K, (4 50; M, (4.80; N. (4.90; WO,
(5.30; WW, (3.40.
Cotton Market.
NEW YORK, Oct. 1. Cotton Spot
quiet; middling, 21.10c.
$67,17 7 Tax Payment Made.
ETTGEN-E, Or.. Oct. 1. (Special.) A
check for (67.177.78 was received yes-
Will Sell Cheap, for Cash, a Small
Amount of
Waverly Golf Club 6 Bonds
Dated April 1, 1912. Due April 1,
1932. Have always received inter
est promptly. T 69, Oregonian.
We Own and Offer
ARGENTINE REPUBLIC Ifo Gold Notes, due tj
October 1. 1923; to yield .'.
PROV. OF ALBERTA 4 Bonds.'due January 1, FT HKjOL
1924; to yield t I O 0
6.00
PORTLAND GAS & COKE C0 Bonds, due Jan- f7 HftO
uary 1, 1940; to yield 1 -"WO
Phone or wire order3 collect.
g l Devereaux 5i(5mpany
INVESTMENT BONDS
87 SIXTH STREET PORTLAND. OREGON BROADWAY 1042
GROUND FLOOR YVELLS-FARGO BUILDING
PROV. OF SASKATCHEWAN 1 Bonds, due July ri IJXCL
X", iuUj v J.V.u. .... ...... ...
PORT OF PORTLAND 6 Bonds, due July 1, 1926; g j
IU J iciu
WASCO COUNTY, OREGON 5 Bonds, due Jan. 1,
1922; to yield
GRAND TRUNK RY. CO. OF CANADA 6 Bonds, ( K(Cf
j... c 1 101C v TnVU JmtJJ L
UU3 UCpit W vv j -
(Guaranteed by Dominion of Canada)
".i 4 jin"-ivU .11
mi
flTi
CITY OF
ML ANGEL, ORE.
2-year 7
GOLD NOTES
at 99.625 of
epublic of Argentine
7.2
wUI yield
DON'T WAIT
until yon have the money.
Our plan of
BAST PAYMENTS
possibly more
Freeman
tyJ SMITH
CAMP
HOUND VOC
will start yon with email UnyU CO.
6 Water Honda
to Yield
Dai4 An r. 1. 121.
line A he. 1. 2H.
Denomination S5O0.
Income Tax Exempt
Ass. Val t 34n.372.0A
Kt. lira Val. 1,000,000.00
Gen. bonded
debt ( Inc.
water and
treet Imp.
bonds) 45,730.60
l.ea water
bond rer. . . 32,300.00 '
Net Bonded
debt 13,230.60
The city of Mt. Angrel la
42 miles south of Portland
in rich agricultural sec
tion. Good transporta
tion by steam and elec
tric lines. These bonds
are for addition to water
plant and extension of
distributing; system.
I CLARK-KENDALL
& CO.. INC.
Fifth and Stark Streets i
Wk BONDS , , , M
OVERBECK &
COOKE CO.
Broker. Otork. Bonds, full.
Oram, fete.
tl-tl7 BOARD OF TRADS BUM.
Malta Walla. Waa.
1'ortland. Or.
faadlston. Or.
MEMBERS CHICAGO BOABBt
1KAU1S,
Correspondents of Loraa A Bryas
C lili so and tw Vxk.
MEMBER.
Net. Tork fctck iEirhura
Tblraso Block Kscbans.
- Boston Stock Exclianaa.
hlcazo Hoard of Trade.
New York Cotton Kxchn-e.
New Orlcan Cotton tazcliaoas.
Mew York Produce KscbaJDCas
Winnipeg Grain Kxchanso.
liver pool Cotloa it ssoriaU.a.
ORGANIZING
A COMPANY?
Save the usual Incorporatm-p
penses, avoid personal liability i
excess profits taxes. Org-anlz on
the common law plaa under a
D FXJLAILATI O X OB TRUST
Demaree Standard Forma (ap
proved by attorneys) furnish com
plete equipment with which sjiy
one In any state can organize a
company, issue shares and beg-In
doing- business the same day. Aak
for circular containing full
descriptions.
C S. Demaree. I-cral Blank: Ir1tw
S13 Walnut. Kansas City, Mo.
How to Figure Margin
Fully explains marginal
trading, equities, short
sales, odd lots, etc
Write for B-S
or call Whitehall 76S
Edwin E. Kohn & Co.
I Members Consolidated Stock
Exchange of New Tork.
55 Broadway, N. Y.
Our Partial Payment
Method
Is a . unique way of purcbaaina;
Securlties for Investment or Specu
lation. It offers exceptional advantatrca
at this stag's of the market.
Onr Special Booklets D-T2S
"The l'artial Payment Plan"
explains fully how your
losses Are Minimised.
Through Its Use.
BECK & COMPANY .
STOCKS AND BONDS.
One Wall St. New Tork
Phone Rector 2826.
IDAHO HONEY
Choice alfalfa clover blend.
Five pounds $1-25. ten pounds
- 12.25. postpaid. Sixty pound
18. freight paid.
J. A. GOODAJ.U
Mountalnh ome. ltsJMw
HERRIN & RHODES, Inc.
Established 1896.
BROKERS
K.w Tork Pforks, Bonds, Grain. Cotton.
Private Wire. Member. Chicago
Board of Trade.
Hl-S Railway ETcbanr. Bldat.
T.lephon Mala 2S3-2SA.