THE SUNDAY Oil EG ONI AN, PORTLAND, OCTOBER 0. 1021
IIBEHTIES STILL CLIMB
BUYINO 18 HEAVY AT BEST
PRICES THIS YEAR.
First 4 Iicad With Advance of
200 Points Oils and To-
baccos Firmest of Stocks.
NSW TORK, Oct. 8. Trading la stocks
today was confined largely to oil and to
bacco shares, a majority of these Issues
showing substantial gains at tba firm
close.
More crude oil price advance were an
nounced by leading producers. This gave
additional Impetus to the demand tor oil
shares. HouHton led at a net gain ot
8 points. Foreign Issues also strength
ened after early hesitation. Mexican Pe
troleum and General Asphalt finishing at
advances of 1 and IV points, respec
tively. Hecugnlred leaders of the Industrial
and railway groups moved within narrow
limits, but the popular steels, equipments
and motors scored moderate gains. Among
specialties, aside from pressure directed
against Columbia Uraphaphone preferred,
chunires were trifling. Hales amounted to
' s.'i.oou shares.
There was not letup to the demand for
liberty bonds, dealings again centering
around the 3tts and 4!4. but the great
est gain was made by the first 4Ks. these
advancing -00 points to a new high for
the year. The second 4s and all the i'
alao made new maximums for that period
at extreme gains of -5 to 00 points. Total
sales, par value, 97.T7o.0OO.
The clearing-house statement was de
void of special feature, except for an" ac
tual cash gain of I38.802.OUO, which more
than canceled last week's deficit ot re
serves, leaving an excess of approximately
128.000.000.
sterling or British bills dominate! the
foreign exchange market, the 'demand
remittance rising to (3.60, a gain of 8
cents in the pound from the week's low
quotation. All principal continental ex
changes were better, but the Oorman
and central European rates lots ground,
Ureek bills also making another recession.
CLOSING STOCK QUOTATIONS.
(Furnished by Overbeck t Cooke com
pany, rorlland-J
Sales. High. Low
Adams Exp
Advance Hum
Pierce Oil
Pitts A W Vs.
do pfd
Pr Steel Car..
Pullmin
! Ray Con
Heading
ilsmington .
Heplo Steel...
Kp I & 8....
do pfd
Rep Motors ..
Ryl Dutch Oil
Hy Steel gpg.
Saxon Motors.
rears Roebuck
Shattuck Aria
Shell T A T..
Sinclair
Stand Oil Cal.
Sloes 8bet . . .
So Pac
So Ry
do pfd
St L a 8 F...
Strom Carb ..
Studebakcr
Swift & Co...
Tenn C as C. .
Texas Oil
Texas 1'ao . . .
Tex PC O.,
Tob Prod ....
T Contl OH..
I'nlon Oil UeL
Union Pac . . ..
United Alloy..
United Drug..
Untd Fd Prod.
Untied Fruit..
L'ntd R1a 1M J.
do pfd
1,'td IUI Stores
U S Ind Al
U 8 Rubber...
do 1st pfd..
U S Smelting.
U S Steel
do pfd
Utah Cop ....
Va Chem ....
do pfd
Van Steel ....
V'fvandou ....
Wabash
do A pfd...
do B pfd...
Wells Fargo. ..
West Pao
do pfd
West Union...,
Westh K at M.
West aid
White Motors.
Wlllys-Ovld ..
do pfd
Wilson Pack..
Wis Central...
Woolworth ...
Worth Pump..
W L .....
100
..a
pld.
do pfd
Agr Chem ...
AJax Rubber.. .
Alaska. Gold.. .
Alaska Juneau
Allied Chum.. .
Allls-Chal ....
do pld
Am Beet Sug. .
Am liosch ....
Am Can Co...
do pfd
Am Car & F.
do pld
Am Cot Oil...
do pfd
Am I'rug Syn. .
Am Hide At L .
do pld
Am Ice
Am lntl Corp.
Am Unseed...
do pld
Am Loco ....
do pld
Am JaC Razor
Am Ship At C.
Am Smeller.
do pld
Am Snuff
Am Stool Fdy
Am biiKar ...
do pld
Am Sumatra. .
Am T & T...
Am Tob
do U
Am Wool ....
do pfd
Am W 1J
Am Silnc
Anaconda ....
Assil Oil
Atctilfnn ....
do pfd
Atl Cuust I.nie
All G Ac W 1.
luld Loco. . . .
do pld
Hallo & Ohio.
do pfd
Beth Steel B.
ltoolh Fish...
H H T
Butte .C Sc y...
Butte Sup. .
Lurnes Bros, ..
Caddo Oil ....
Cal Pack
Cal Pet
do pfd
Can Pac
Cen Leather..
Cerro de P...
Chand Motor.
Chi & N W...
Chi Gt West..
do pfd
Chill Cop
Chlno '
C M St P
do pfd
Coco Cola ....
C & o
Colo F I. . ..
Colo- Southern.
Colo Q & E...
Col Graph . . ..
Con Gas
Con Cigars . ..
do pfd .....
Contl Can .. ..
Corn Prod ...
do pfd
Cosden OH ...
C R I A P
do A pld...
do B pfd...
Crucible
do pfd
Cuba Cane . . .
do pfd
Cub Am Pug..
Del at Hudson.
Dome Mines..
D & R G
do pfd
End! Johnson.
Erie
do 1st pfd..
do- 2d pfd...
Fam Players..
Fed M & Sm..
do pfd
Fisk Tire
Gaston Wms..
Gen Cigars....
Gen Klec ....
Gen Motors ..
Glen Alden . ..
Gen Asphalt..
Goodrich .....
Goodyear ....
Gran by
Gt Nor Ore. . .
do pfd .....
Greene Can ..
Gulf 8 Steel..
Hask Barker..
Houston OH...
Hup Motor ...
Ill Cen . ,
Inspiration ...
Int Agr Corp.
do pfd ... .
Interboro ....
d opfd
Iiilr Callahan.
Int Harv ....
Int Mer Mar..
do pfd .....
Int Nickel ...
Int Paper ....
do pfd
Invin Oil
Island Oil
Jewel Tea . . ..
K C Southern.
do pfd
Kelly-Spgfld ..
Kennecott ...
Keystone Tire.
40U Si 31
100 "" ""
You 'hi" 'si"
Voo k" "si"
I0 27 K 2714
100 12814 128 Si
200 fil SI
2,VuO 33?,i "32
'"106 'ioii 'saii
'"Voo "iii "4
SO( 3S 37
100 7iV 75",
1.800
4 IUI
3.3UII
TOO
1.3011
IIOO
1.300
.VlO
100
Vol)
,3110
HIM)
1U0
."00
2110
lo0
200
"00
1110
1,300
73
3714
1118
124
123
73 Vi
40
81
87 14
3K
.12
3'
8",
4
83 '4
401,
53
74
33 ;
Him
122
121
7414
4014
' Kit1!
81
'-27i4
811 14
'as"
S2
33 H
314
71.
414
12
63 14
30
200 113 14 11314
200
S.loo
200
1110
500
noo
18,000
800
3(1 i
40
14
11
23
25
4014
6114
4
00 4
30
31)
14
11
25
23
30
61
00
1,200 76 76
8,800
000
100
2S
8314
Vs
500 64
000
200
8O0
13
12is
28
S3
78 14
'83
"6
13
12
18 18
200 , B414
100 IS '4
soo la 14
64
18
18
8,100 60 67
11 11
300
1,400
123
10
124
8
600 84 S3
400
1,400
100
100
100
S.,600
27
74
22
38
S8
64
27
73
22
38
58
60
100 33 85
100
200
8,1100
200
800
800
300
77
'47
'48
'12'
8
41
21
10
' 1
"4
7
'47
'48
'ii
2
41
21
10
Bid.
48
13
36
35
22
41
33
75
2
34
27
82
128
HO
10
42
4
10
50
67
33
22
4(1
80
105
4
6
38
73
108
24
56
7
3(1
107
123
122
" 73
110
2.1
40
83
86
81
84
27
87
II fl
38
61
35
8
8
.
104
12
5
41)
77
113
2)'.
2
40
61)
7
16
11
25
25
81)
84
53
24
87
61
8
00
24
64
43
76
106
28
33
79
87
63
83
6
13
11
102
18
iS
64
18
19
-13
61)
6
24
11
58
124
40
63
81
10
20
27
74
22
87
68
63
11
f5
85
0
87
1
6
4
78
10
47
14
48
do
12
8
10
23
50
4. t
21
10
Lack steel 41 2
Lee Tire 1,000 20 2!) viivt
Lehigh Val ... 200
Lorlllard 100
Lowe Theators 600
Mex Pet 24,800
Miami
Mid States ...
Mldv stool ...
Mont Power..
.Mont Ward...
Mo Pac
do pfd
M St V a SSM.
M & St 1.
rioo
6,100
200
2. BOO
2"0
2,300
3614
144
13
03
22
13
1
20
44
5514
144
13
02
22
13
23
"is
20
43
56
144
13
94
22
13
24
62
111
20
43
67
40
Nat Load 73
Nev Cnn 100 11 11
M0
200
300
"8(I0
"s.VnO
200
New Haven..
or Am
Nor & West. ..
Nor Pac
Nov Soo Stoel.
N T Central. .
Okla Prod ref.
tint Silver ...
Ont & West
Otla Sieol
Pac Iev
Pac O ft B
I'unta Allegro
Pac Oil s.ono
Pan Am Pet.. 7,100
do U 2,500
Penna 800
Peo Gas
Pere Marq
Phlla o
Pure OH 1,500
IMero Arrow. 500
14
41
0)1
77
'74
2
14
40
96
76
-T3
2
38
44
40
36
38
42
30
36
2'.)
1 1 ,
.27
1014
14
30
1)6
71
23
74
2
4
20
0
11
56
27
38
44
4(1
80
19 it
2
27
10
ARK YOI LOOKINO FOR A DE
I K.VDAItl.K PKODI'CE DKALEKT
Veol Hotter
Pork (liiyu
Poultry V-nwn
Honey Any Product
Oet our prlcea
m by ft co..
160 Front 8t. Portlnnd. Or.
Sixteen Tears" Reliability.
600
100
400
A00
900-
5,5O0
300
V(d
400
200
100
94
13
11
45
21
78
'79
20
46
23
94
18
71
8.
43
20
77
'7
20
46
28
3,900 72 71
7
26
76
56
94
13
71
a
22
61
.81
v
45
a4
2
6.8
68
31
21
78
30
79
20
46
23
20
72
1)3
7
86
24
23
62
19
121
26
67
12
-OS
8
10
60
45
48
80
33
70
110
62
20
74
31
22
13
51)
22
68
82
45
9
83
541
28
83
2
116
39
8
Liberty Bond Quotations.
Liberty bond quotations furnished by
Overbeck A Cooke company of Portland.
Closing
High. Low.
89.96 80.24
11.800
3.100
8.300
3,000
2.7O0
3,31)0
300
Voo
6(0
2(10
1O0
'sod
4DO
800
88
24
26
63
20
122
'58
12
108
8
'50
43
49
37
23
25
81
8
19
122
"68
12
-08
8
"48
45
40
2.900
loo
200
79
110
63
70
110
62
100 31 81
500
2.000
7
22
7
21
700 45 43
500
700
100
Voo
3.1
6
31
'39'
S3
'33"
"39
Liberty 8s .
do 1st 4s ...
do 2d 4s
do 1st 4s .
do 2d 4s ..
do 3d .
do 4th 4i
Victory 4s . .
do 3s ....
04.6O
03.10
05 36
0.1.30
99.42
92 00
02.60
93.12
02.08
99 86
Rid
80.80
83.50
02.80
04.10
92.08
1)3.20
03 20
00.40
09.40
Liberty Bond Earning Values.
SAN FRANCISCO. Cal., Oct. 8. Earn
ing valuea of liberty bonds, based on their
market value at the close of business to
day, are shown in the following weekly
table Issued by the federal reserve bank:
First 8s, market price 80.50, approxi
mate yield 4 18 per cents first 4s, 1)3 UO,
4.40 per cent: first 4s, 94.00, 4 65 per
cent: second 4a, 1)2.70, 4.54 per cent; sec
ond 4s. 92.88, 4.78 per cent; third 4s.
03.12. 5.10 per cent; fourth 4s. 93.10,
4.83 per cent; Victory 4s, 99.30, S.20 per
cent; Victory 8s, 09.30. 4.20 per cent.
Hooton Mining Stocks.
BOSTON, Oct. 8. Closing quotations: '
Allouex 20 INorth Butte. ...11
Arix Com 01d Dominion ... 24
Cal & Aria .... 51 Osceola 30
Cal & Hecla...284 IQuincy 39
Centennial . 8Superlor 2
Copper Range. 34iSup & Boston... 1
9Shsnnon 1 1-16
2iirtah Con 3
21 IWInona 55
2 Wolverine 11
Kast Butte.
Frsnklln . . .
Isle Royalle.
Lake Copper
Mohawk 3:
Swift Co. Stocks.
CloHing prices for Swift & Co. stocks at
Chicago wore reported by the Overbeck &
Cooke company at Portland aa follows:
Swift A Co 95
I.lbliy, McNeil Y Llbby 7
National Leather 6
Swift International 23
Money, Silver, Etc.
NEW YORK, Oct. 8. Foreign bar sli
ver 71.
Mexican dollars 55c.
LONDON. Oct. 8. Bar silver 42d per
ounce.
Money 3 per cent, discount rates, short
bills 4 par cent, three months' bills 4
per cent.
New York Bonds.
New York bond quotations furnished by
. ikiioues inc.. ot rortiana.
Am. Tel Tel. 6s, 1922
do. 1024
Am Tob. 7s. 1022
do, 1023
Anuconda 7s B, 1020 "'
do 0s A. 1020
Armour cv. 7s. 1930 ..........
do 4 Vis. lu:i8
Argentine Gl 5s. 1045...
19
Am. Ag. Chm.
Beth Steel 7s,
ao (S, 11)2
do Eq. 7s
Belgium Ext. 7s, 1943 u . .
Belgium 0s. 1025
do 8s, 1940
Bergen 8s, City of, 11145...
Berne 8. City of, 1045
Brasll 8s. 1941
Canadian 5s. 1020
do 5s. 111:11
00
102
101
101
95
1)0
7
7s. 1842 ;.. 95
100
08
06
101
95
100
100
101
99
94
92
101
103
104
08
101
101
101
Brail! 8s, (New) 90 90
British 5. i:22 274 884
British 5. 1027 365 373
British 6s, 192U 303 873
British Tky 4s 280 290
Britth ref. 4s 270 200
Bordeaux 6s, 1034 84 64
Canadian 6s, 1926 - 94 94
Canadian 6s. 1029 03 94
Canadian 5s. 1931 90 00
Canadian 6s. 1021 09 100
Canadian 3s, 1027 8 88
Chilean 8s, 1941 98 88
Currency 8 10
Denmark 8s, 1945 103 103
Dan. Muni 8s 1943 102 102
French 4. lOiT 45 46
French 5s. 1031 53 M
French 7s. 1941 09 H
French 8s. 1943 99 99
Paris s loo loo
German W. L. 6a 90 100
Berlin 4s 8 T
Hamburg 4s 7 8
Hamburg 4s 7 8
Leipslg 4s 7 9
Lelpslg 6s 7 8
Munich 4s 8 0
Munich 6s 7 8
Frankfort 4s 8 10
Italian 3s. 1918 7 8
Jap 4s. 1031 ' 80 70
Jap 1st 4s, 1928 84 85
Jap 2d 4 4s, 1023 84 85
Norway 8s, 1840 106 HKi
Russian 3s, 1021 14 16
Russian 8s. J026 Vi 4
Russian 6s, 1019 14 in
Swiss 514s. 1029. ) 00
Swiss as. 1940 .. 107 107
U K 5Vrs, 1021 90 lOO
U K 5s, 1022 98 08
U K ia, 1029 0 1 91
U K 5s. 1937 89 90
BONUS ARK BOUGHT BY TREASURY
Investment Demand from General Public
Also Increases.
NEW YORK, Oct. 8. Indications of
growing confidence la tho financial mar
ket thus week were most definitely ex
pressed In a substantial expansion of the
inquiry for bigh grade securities and the
further lowering 01 reuiscounts at re
serve centers.
Trading in stocks was secondary
throughout to the activity displayed b
the bond market. Liberty and victory
Issues again held undisputed sway, the
former leading at highest quotations of
the year.
Prevailing prices for these bonds show
an enhancement of about tl.300.000,000
over the year's lowest levels. The major
part of the accumulation was creuiteu
to the treasury department, but there was
little doubt that a considerable part ema
nated from private sources. '
The strength of the Investment situa
tion and Its international scope were re
flected In the immediate absorption of
the Rio de Janeiro 12,000,000 loan and
an Australian offering, the first of its
kind ever floated here for a like amount
General business conditions also showed
signs of Improvement, as evidenced by
an enlargement of buying power over the
corresponding period of last year. In sev
eral of the leas essential lines of Industry,
however, some retrogression from last
month's forward movement waa noted.
Almost every Important district "In the
steel and iron trade reported a gradual
Increase of operations over August pro
duction. Confirmation of this Improve
ment is exoected In the SeDte-mber ton
nage statement of the United States Steel
corporation to be Issued next Monaay.
Foreign exchanges again were the most
uncertain elements, although dealings were
limited large v to British ana Frencn re
mittances. Sterling was strong on steady
buying, much of which was credited to
Japanese account. The German rate made
only feeble recovery from its lowest quo
tation and Australian, Polish, Ciecho-
Slovaklan and Greek bills continued 10
thrlnk as economic and other develop
ments in central and eastern Europe as
sumed graver aspects.
J J raU 111 S HI !!."- rM " " a JuuiTi f ... -
11 than at any period since the reaction from
September's advance. Interest focused in
several of, the Industrial issues, notably
those whose dividend and general finan
cial prospects are more or loss uncertain.
There was a good but only moderate
inquiry for rails, especially Junior issues
of the western and southern sections of
the country. Prominent among these was
New Orleans, Texas & Mexico, which rose
almost ten points over last week's final
price.
Domestic oils as a group led the mar
ket, their Irregular advances, mainly un
der guidance of professional pools, being
ascribed to an Increased demand for crude
products, accompanied by an upward re
vision of prices.
The money market tended towards fur
ther ease, but In part to an extension of
lower discounts by federal reserve banks?
Ina runninr Into ths coming year were
made at slight concessions on high-class
commercial paper but call money ranged
from 4 to 6 per cent.
Foreign Exchange.
NEW YORK. Oct. 8. Foreign exchange
irregular; Great Britain demand $3 80,
cables- $3.80: France, demand 7.27,
cables 7.28; Italy, demand 4.01, cables
4.01; Belgian, demand 7.14, cables
7.14; Germany, demand 81, cables
81; Holland, demand 32.32, cables 32.58;
Norway, demand 12.04; Sweden, demand
22.95; Denmark, demand 18.60; Switzer
land, demand 17.88; Spain, demand 13.18;
Greece, demand 4.15; Argentina, demand .
82.87: Brazil, demand 13.25; . Montreal,
90 15-10.
Excess Reserve Increased. j
" NEW YORK. Oct. 8. The actual con
dition of clearing house banks and trust
companies for the week show that they
hold $27,964,280 reserve In excess of legal
requirements. This is an Increase ot $38,
862,610 from last week.
lan. Nat. r,q. 7s.
Chicago N-W 7s. 1:ui
Can. Nor. 7s, 1040
cniie ss, i4i
Christiana 8s. Citv of. 1045..."
Copper Exp. 8s, 1022
do 8s. 11(23
do 8s, 1M24
do 8s. 1025 "
Cuban Amer. Sugar Rs, 1931
Con. Gas cv 7s. 1925
Dla Match ts. 1033
Denmark 8s, 1045
Danish Mun. 8s. 1043
uupont (s, 1U31 iiu
rrencn. ext. 8s. 1043 D0
07
H)2
103l
103
French 7s. 1041
Grand Trunk Ts. 1940 ....
Goodyear 8s. 1041
Gulf Oil 7s. 1033
Great Northern 7 1936 ..
Hershey 7s. 1930
Humble OH T, 1023
Int Rap Tr ref 5s. 1966
Int Mar CT lis, 1041 ,
Int Rap Tr 7s, 112t
Kennecott 7s. 19:10
Llbby, McNeil AY Llhb Ts. It
Mo-rls & Co 7s. 1030....
Mexican Pete 81. '.036 .....
NYC call 7s. 1930
Norway 8s, 1940 ..."
Northwest Tel 7s. 1841
Ohio C G 7s, 1021 ,
Ohio Power 7s. 1931
Pan Ame 7s, 10.10
Penna 6s, 1036 . . t
N P ft O N Jnt) 6s. 1036
N P s. 2047 ,
San Paulo 8s. 1030
Pouthwt Tel 7. 1925 ,
Swedish Govt fist 10.10
Standard Oil. N Y Ts. 1031 .
Stand Oil of Cal Ts. 1931 ..
Steel A Tube Ts. 1931
Swiss 8s, 1040 ,
Sears Roe 7s. 1021 ,
do 7s. 1922 ,
do 7s. 1923 ,
Solvay Ss. 102T ,
Swift ft Co 7. 1023...,..-..,
I'n Tank 7s, 10:50 ......
II S Ruhher 7. 1030
Wilson 1st Bs. 1028
West Elec 7s. 1025 ,
Westlnghouse 7s. 10.11
Zurich 8sy 1043 ,
0414
103
104
00
10.1
08
08
55
8.1
7S
??
101
04
103
ior.
104
04
04
02
102
101
10.1
07
. 08
00
106
104
01
107
1O0
08
08
inn
100m
1 n.i
100
8.1
101
102
101
I Wheat The market was somewhat more
settled today, due to b disposition on the
part of shorts to even up contracts over
the week end. Buying from this quarter
took care ef renewed liquidation. Cash
markets were without feature. The flour
trade is mixed, the southwest reporting
a fairly good business, presumably on ac
count of having the advantage In price
over the north west. The latter markets
report the Inquiry rather poor. Some ex
port business was done today, but the
trade still Inclines to the belief It Is
merely In the nature of short covering by
certain export interests, and Will add to
the distressed wheat already abroad and
on passage. Wheat Is piling up at the
gulf as well as southwestern marketa and
indications point ts the diverting of wheat
from the latter territory to Chicago. Should
the government report show less than
200,000,000 bushels It will be construed aa
bullish and may bring about a temporary
rally Monday, but U will In no way alter
the Immediate situation, which points to
a further, decline.
Corn All deliveries got into new low
ground, accompanied by further liquidation
of long contracts and selling In the form
of hedges against cash grain. Potential
buyers In the cash department were in
different and spot value were lower with
the futures. Two cars of new Illinois
corn, the first of the season, arrived to
day and graded No. 4 white. The belief
is gelnlng ground that an early movement
of new corn will be witnessed, which, to
gether with the marketing of surplus old
corn, will be more than the demand can
take care of.
Oats Active buying by leading shorts
held prices only temporarily and the mar
ket declined into new low. Receipts were
only 80 cars, but the demand was limited
and spot values were about half a cent
lower The hedging sales placed in this
market axe undoubtedly too heavy to per
mit of an Important upturn until there is
a radical Improvement in the demand for
available supplies.
Rye Buying by export Interests was the
outstanding feature and served as a sus
taining Influence in this market- Two
cargoes of rye were confirmed as having
been worked for export the past few days
and additional business was believed to
have been done today.
Leading futures ranged as follows:
WHEAT.
Own. High. Low. Close.
.$1.00 $1.10 1.07 11.09
. 1.13 1.14 1.12 1.18
- CORN.
. .48 .48
. .64 .34
OAT3.
Dei. .83 .33 .82 .33
May .. .37 .38 .37 .37
LATE RALLY IH WHEAT
CHICAGO PRICES RECOVER
FROM NEW IiOWS FOR SEASON.
Foreign Bonds.
Foreign bond quotations furnished by
the Overbeck Cooke company of Portland:
Bid.
.V
101
Belgian rest. 5s.
Belgian prem. 5s.
Belgian 7s. 1045
Belgian 8s, 1041
Belgian . 1021
. .ino
. .11M)
. . 03
Ask.
68
101
11)1
100
05
PORT OF PORTLAND,
OREGON 6s
To Yield 5.65
VANCOUVER, WASH.,
GEN. 0BLG. DOCK 6s
To Yield 5.857c to 6
LEWIST0WN,
MONTANA,
IMPROVEMENT 6s
To Yield 8
WESTERN BOND &
MORTGAGE CO.
80 Fourth Street, Ground Floor
Board of Trade Bldg.
Phone Main 113 Portland, Or.
Rejwrted Sale of - Pacific Coast
Grain to India Changes
Market Sentiment.
CHICAGO. Oct. 8. A late rally relieved
an otherwise depressing short session ot
the board of trade today, the change com
ing after wheat, corn and oats htd all
recorded new Iowa for the season. The
close was unchanged to c lower for
wheat, c to lc lower for corn and io
lower for oats. Lard finished unchanged
to 7o higher and ribs 2o lower to 5o
higher.
Wheat started weak and made Its low
mark early. An- Initial rally was short
lived and the market sagged steadily until
December touched $1.07 and May
$1.12. Sentiment waa mixed and the
news generally bullish, export demand
being reported slow and Canadian north
west offerings liberal with big receipts in
prospect at Winnipeg next week. To the
usual week-end evening-up sales were
added reports that India, ordinarily an
exporting country, had bought two cargoes
of Paciflo northwest wheat with further
trade in sight.
Corn and oats moved In parallel !ln?s
under stop loss selling, ths fact that new
N'o. 4 corn Is dellveranls under December
contracts Increasing the pressure on that
option. Evening-up transactions helped a
recovery from the inside figures.
Provisions were dull. Lard firmed no
on the strength of the hog market and
ribs were a bit lower.
The Chicago grain letter, received yes
terday by the Overbeck ft Cooke company
of Portland, follows:
EUROPEAN
BONDS
v We Offe
WARSAW
POLAND
5 Improvement Bonds
PRINCIPAL AND INTEREST
FAYABLK AT WARSAW
AND NKW YORK CITY
These bonds may be purchased In
the following; denominations:
10,000-Mark Ilowd, price I Q QC
American funds V I 0i03
S0,0OO-Marl& bond, priced QQ r)C
American funds. 0 03iiJ
lOO.OOO-Marlg bond, price I QQ Cfl
Americas funds $IS0i3U
With exchanKe at normal, a 00.
000-Mark bond would have a par
value of $23,800.
Descriptive Literature and For
lea Bond List on Request.
H.E.Wills Company
Forelam Bonds,
Sl V. S. Bank Bids;. Broadway 1011
Dee.
May
Dec.
May
.47
.52
.47
.63
Jan.
MESS PORK.
15. 00
Jan.
May
8.R7
9.27
T.BO
7.95
No. 2
4546e;
32c; No. 8 white,
LARU,
B.KH R.7 8.80
S. 22 0.27 0.22
SPARE RIB3.
Jan.
May
Cash prices were aa follows
Wheat No sales.
Corn No. 2 mixed,
yellow, 4r.e46c.
Oats No. 2 white,
3031c.
Kye No. 2, 84c.
Harley A6fllc.
Timothy seed t4.Sftgi4.73
Clover seed 11218.
Pork Nominal.
Lard JM.,15.
Hibs $(1.7507.75.
Minneapolis Grain Market.
MINNEAPOLIS. Minn.. Oct. 8. Barley
10' 04.
Flax No.l $1.88 M. 89.
Wheat December. $1.10; May, $1.20.
Winnipeg Grain Market.
WINNIPEG. Oct. 8. Wheat October,
$1.13; December, $1.11.
(irain at San Francises. '
SAN FRANCISCO. Oct. 8. Grain
wnoat, milling. $2(812.05: feed, $1.85
2.0; barley, feed. $1.201.35; shipping,
$1.$01.40; oats, red feed, $1.451.50:
corn, white Kgyptian. $l.ua1.75; red
mllo, $l.ol 1.6.V
Hay Wheat. No. 1, $1518; fair. $130
15; tame oats. $12jiI5; wild oat, $100
12; alfalfa. $12014; atock, $8010; straw
nominal.
- Seattle Grain Market.
SEATTLE, Wash.. Oct. 8. Wheat Hard
white, $1.05: soft white, white club, $1.04;
hard red winter, $1.07; soft red winter,
$1.03; northern spring, $1.06; eastern red
Walla Walla. $1.02; Big Bend bluestem.
$1.14.
City delivery Corn, whole yellow, $37;
cracked, 30; feed meal, $30. Barley, whole
feed, $34; rolled, $3i; ground, $36; dipped,
$41. Oat 9. whole feed, $3d; rolled, $38;
ground, $38: sprouting, $41. Wheat, re
cleaned feed. $13. All grain chop, $38;
chick feed, $57; chick mash. $54; grow
ing feed, $55; growing mash, $52; egg
mash No. B. M.. $47; scratch feed, $40;
wheat mixed feed, 23; cocanut meal, $27;
linseed oil meal, $50; soy bean meal, $58.
Hay Alfalfa No. 1, $20; mixed No. 1,
$22; timothy No. 1, $27; straw. $18.
Puluth Linseed Market.
DULUTH, Oct. 8. Linseed On track
and to arrive, $1.88.
QUOTATION'S ON DAIRY PRODUCE
Better Prices Ruling on Butter, Cheese
and Kggs.
SAN FRANCISCO. Oct. 8. Dairy prod
uce exchange closed.
NEW YORK. Oct. 8. Butter Barely
steady; creamery higher than extras, 470
47c: creamery extras, 46c; firsts.
38fc45c.
ilggs Firm: fresh gathered extra firsts.
49 to 02c; firsts, 42 Hi 47c
Cheese Firmer; state whole milk flats,
fresh specials, 2223c; state whole milk
twins, specials, 2222c.
CHTCMIO. Oet. 8- Butter Hllrher;
1 -f rr
'0
TAX EXEMPT
g21.000.00
CITY OF
ASTORIA
OREGOX
6
SPECIAL FL'XD
WARRANTS
Dated July, 1021
Ksdmatra Maturity, July, 1934.
Denominations S5O0.0O Each.
Price 89.85 and accrued
interest, to yield 10
H. E. Wills Company
31" lT. S. BANK BLDG.
PHONE BDWY. 1011.
Our Partial Payment
Method
ts a unique way of purchasing
Securities for Investment or Specu
lation. It offers exceptional adrantases at
this Mag of tho market.
Our Hperlal .Booklet E-123.
"The I'lirlirtl 1'uymrnt Vn"
explains fully how your
Losses Are Minimized
Through Its Use.
BECK & COMPANY
STOCKd AND BONDS.
One Wall St. New York
Phone Rector 2S26.
WANTED
Reputa-ble young businew men who
enjoy the confidence and goodwill
of their community to represent in
their territory, &. la rue, well-estab-li-thed
financial Institution with of
fices In New York and other prin
cipal cities throughout the country.
Occupation pleasant and dijjnified.
Fart or full time. - Many of our
?enta are now earning between
$:0lX and 1 10.000 annually sell Ins
reiwibte dividend-paying; tock Ex
change securities on the "Twenty
payment Plan" to investors w"ho ap
preciate the advantages of this
method of Investing and or seek
ing to create an income. Those de
sirous of learning more about this
unusual opportunity are requested
to write to Box No. 8H7, City Hall
Station, New York City, for full
particulars.
RAILROAD AND SAWMILL ' fellb,- I
I Located on the fetsvt KffM ji'
I OLYMPIC PENINSULA STATE OF WASHINGTON l I A.'tomr ij
by the . V, (ll i Jm 0 ij
United States Spruce Production Corporation I . iLT jj
I f"A GeTernment Arenry Organized nnder Art ef Cen-"1 "nrd,' l w ' !l
I I srresa. entitled "An Art making: appropriation tor the I VttVj V f , '
! I support et the Army." etc. Approved July . lBla.J yj Wi ( M
I I II
. carfft frti mi mar corwLCTTO fj GBAttt PftQjfcTiD t tMcs
The United States Spruce Production
Corporation reserves the right to
reject any and all bids.
Subject to prior ale, 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
Lor&tlnn Connects with the Milwaukee System at DIque. 17 miles
west of Port Angeles. Wain line completed 86 miles to Lake Pleasant.
Rewonrres Independent aonnectlon with Pucet Sound possible by con
struction of & mllea from Olsque to Port Crescent. Spurs aggregating
70 miles graded for opening and developing of timber Immediately
tributary, estimated, prior to the storm of last January, at 64 billion
feet, consisting of 2.393.000.000 feet of Fir. 087,000,000 feet Spruce.
M 3.000,000 feet Cedar, 2.K13.K,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 t0 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 throTJfh
virgin timber, also affected to some extent by storm of January last.
Numerous water power sites adjacent for large pulp or milling devel
opments. (
Cons tnirtlon Seasoned, substantial roadbed, ' standard gauge SO-lb.
rail; gravel and rock ballast; wide clearances; K-50 structures; maxi
mum 14 deg. curvature; gradients 1.25 ts. loads, 2 vs. empties; 1
summit. S.6 miles siding Installed; 8.6 miles additional sidings graded.
Wain line construction involved 1,250.000 yds. grading, 600 lln. ft, tun
nels, 80,000 lln. ft. piles, 600,000 F. B. .V. timber in place, 66.000 yds.
ballast. ,
UNITED STATES SPRUCE PRODUCTION
MILL PORT ANGELES, WASH.
Phlpplng Facilities Alongside deep water Puget Round; Chicago, Mil
waukee A St. Paul Transcontinental Hallway System, 1'aciflo coast
terminal rates.
Mill Building Heaviest timber construction, conforming to accepted
commercial practice, 90 completed.
Machinery Individual units electrically driven; one JO and one 11-foot
band head saw; 60-Inch gang; 84-Inch resaws; cargo and rail overhead
loading cranes; entire layout and individual mnrhlnes of accepted
commercial type. All unused and tn storage at Vancouver, Wvh.
Capacity 400,000 F. B. M. per 8-hour day.
Power Plant Fireproof brick building on snlld concrete foundation;
Custodln stack; refune burner; g4(0-H. P. water tube boilers; prenent
pro virion for l.too K. W. turbo generator; piping and room provided
for additional 2000 K. W.
Atnpla Water Supply.
Engineering Highest Quality skill and design in entire Installation
by recognized experts ot wide technical and operating experience.
Site Ample for all purposes.
Log Pond-M5 million F. B. M. storage capacity.
Mousing Karl lit lee Camp buildings, modern cottages and three-story
6 6-room brick hotel, completely furnished; alao considerable housing
room in city.
TFRMS .nf No bid for lee than $1,500,000 will be accepted for both properties; no bid for less than $1,000,000 will be accepted for ths
a sUAviTiaj w railroad property; no bid for less than $300,000 will be accepted for ths mill.
BIDDING As the above minimum amounts are considerably below the commercial and reproduction value of these properties, the Corpora
i CAf C tlon reserves the right to accept any offer in excess of the above minimum amounts for either one or both of th?e properties,
AZlu OJlE on or before October 17, 1021. 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, same to be re
tained a 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 ths prospectus which will bs supplied upon request by the United states Sprues
Production Corporation.
Titles to real property, timber, maps, layout plats of mill and master Index of machinery may bs examined at the offices of ths
United States Spruce Production Corporation
Couch Building: - - Portland, Oregon, U. S. A. ,
creamery extras. 45c: standards. 88tto;
firsts, 84(9 44c; seconds. S0 632c.
Kggs Unchanged. Receipts, 6609 cases.
SBATTLB, Oct 8. Eggs White shells,
68c; mixed colors, 60c; pullets, 40942c
Butter Creamery cubes, 4tfo; bricks or
prints, 4Sc
Ceffee Exchange Featureless.
NEW YORK, Oct. 8. The market for
coffee futures was very quiet this morning
and correspondingly sensitive to small
orders either way. After opening at a
decline of 2 to 6 points under scattered
liquidation, prices steadied up a point or
two on covering, .but the market other
wise was featureless with March ranging
between 7-f2o and 7.84a. The close was
1 to 4 ooints net lower. Bales were estl
nitil at about 4000 bags. October 7.75o,
December 7HSc. January 7tle, March
7.04c, May 8.00c, July 8.03c, September
8.03c.
Spot coffee quiet; Ttlo 7s 8e to 8c;
Ssnlos 4. llUf to 12".
Bond Bargains
won 't last forever
T0i3 have seen the inevitable return
to cheap money. It is getting
cheaper constantly. Only a few days
ago was announced the reduction by
the Philadelphia Federal Reserve Bank
of its discount rate to 5. Commercial
paper rate is 6 now, as compared
with 8 a year ago. '
LIBERTY BONDS Low price in 1920 for
the four active issues averaged 85.85 as com
pared with 93.58 at present. '
Interest Rates Average rates for money for
all purposes in New York reached. the high
point of 8.347o- in August, 1920. This has
shown a steady decline since (with a single
exception of the month of January) to 5.48.
Interest continues to decline despite the fact
that interest usually at this season of the
year rises sharply by reason of the normally
greater fall money demand.
Call or write and ask for our current list
of bonds. Now is the time to. buy.
GROUND FLOOR
LUMBERMEN'S BLDG.,
JTFTH AND STARK
BDWT, 6740
Freeman,
SiMITH
&
Camp
Co.
ARE YOU
WATCHING jJ)
GERMAN I
EXCHANGE o
The recent low level reached by
the German Mark is again attract
ing; foreign exchange speculators.
Quite a number who hold Marks
for which they paid Jc or better,
are now averaging tip by doubling
their holdings at prices under lc.
This' may be a good suggestion
for you.
Foreign exchange quotations
received daily by wire.
Let Us Quote You on Either
Bonds or Exchange
H.E.WiBs Company
Specialists in Foreign Securities.
316 U. S. Bank Bldg.
Portland, Or. Broadway 1011
MONTHS
JpPaiT
bm may fl-.
THE LIBERTY PLAN
oe rAxnAk asnoDro
k
Wssna
uaerakanph. Wria. isr books V( 84
2 5 Broadway Now Yor k City-
TI1R O'LY WAY TO
TRADE SAFELY
IV THR BTOCK MARKET
10 sharks $r Unlimited
7-DAY OP. ri t
TIONFOR " Profits
Any Stock Exchange Issue
PUTS&$0
CALLS U
Writs for Booklet R4 Free
C. Goldhurst & Company
Service Reliability
50 Ilroad Street, New York.
10
HERRIN & RHODES, Inc.
Established 1198.
BROKERS
New York Htocks, Hands, Grain, Cotfa
Trivate Wlree. islrmlxTs Chleago
Beard a Trade.
201-8 Railway Eschsrrs nidi.
Telephone Mala 23-28.
OVERBECK &
COOKE CO.
Broken, fitopks. Bonds, Cotton.
Orala, .to.
16-117 BOARD OF TRADR BLDCL
Walla Walla, Wash.
1'ortlaad, Or.
l'endletoJs. Or.
MEMBERS rmCAOO BOARD Of
1 KAUE,
Carreaponrirnts of I-omn M Bryaa,
Ctiii-aco and er York.
MFMBKRS
New York Meek Kxrhanre.
C hlraffo Htwrk Kirhansa,
Boston Stock Kxrliantte.
t liUaxo Uonrd of 'Irnde.
tiew lork Cotton Exchange.
rw Orleans Cotton KsrliMnfe.
riew lork frounce Kscliauaa,
Innfpea Crala ttschansre.
Liveroooi Cottoa AssociaUoa.
How to Figure Margin
Fully explains marginal
trading, equities, thort
sales, odd lots, etc
WrU Jor .B-l..
Edwin E. Kohn & Co.
Members Coosotl detail Bteck n
ef Mew Ton
55 Broadway, N. Y.
Buy Safe Bonds
1f MONTHS
1U TO PAY
Send for Partial Payment Booklet.
Semi -Monthly Investment Letter
and List of 40 Standard $100,
$500 and $1000 Bonds netting
6 to 9
L. A. HUGHES & CO.
1 00 Broadway, New York
ORGANIZING
A COMPANY?
Save the usual Incorporating ex
penses, avoid personal liability and
excem profits taxes. Organize on,
the common law plan under a
DECLARATION' OP TRUST
Hemaree Stnmlard Forma (ap
proved by attorneys) furnish com
plete equipment with which any
one In any state can organize a
company, lisua shares and befrtnj
doinir buslneas tha eame day. Aslt
for circular containing XuU
descriptions.
C. S. Drnirrs, I. rani Blnnk Printer
IS Walnut, hanaaa City, Bio.