so
THE SUNDAY OREGOXIAN, TORTLAND, OCTOBER 22, 1922
CARGO FOR
m
i LARGELY IS CEDAR
Oregon Products Continue
in Favor in Orient.
LOTS OF FLOUR LARGE
Eastern . Sailor to Depart Today
With Unusual Bill ot Lading
( ' Xor Far East DeliTery.
Oregon cedar continues to find
favor in Japan for various uses and
in the cargo of the steamer Eastern
Sailor, cleared yesterday, which will
be on the way westward today, were
varied shipments. For Yokohama
there is one lot of 200,000 feet of
red cedar, 25,000 feet of Port Orford
cedar and, 300,000 feet of hemlock
logs, while for Kobe there is a lot
of 60,000 feet of Port Orford cedar
and 8350 feet of red cedar, and 5000
ft - feet of the latter grade is aboard
f Xor Aloji also.
In the list of flour exports a sam
ple lot Is billed for Chefoo, 3000 bar
rels for Hongkong, 25O0 barrels for
Shanghai, 2545 barrels for Manila
and 245 barrels for Cebu.
Mincellaneona Cargo Iarge.
Shanghai draws 200 cases of
canned salmon and for Tokio, via
IXokohama, are 1000 green salted
hides, a shipment of books for Hing
hiva, drugs for Canton, a box of
automobile tires for Madras, South
India; 284 rolls and 113 bundles of
newsprint paper and 200 bundles of
old newspapers for Manila.
The Eastern Sailor has figured in
the waterfront strike by the
I. W. W., but was not seriously de
layed. For the first few days of
the wek work slowed some because
of cargo details and one day the
deck crew of the ship left, but was
replaced immediately, so the matter
was classed as only an incident.
West Kader to Follow.
tfhe West Kader follows the East
ern Sailor in two weeks and will
have much the same character of
cargo, while about the time she is
ready to get away the West O'Rowa,
Which was drawn from San Fran
cisco to Join the Columbia Pacific
Shipping company's fleet and is
completing her first round voyage
under that flag, will be in. The
West O'Rowa has 700 tons of gen
eral freight.
The Hannawa, which left Yoko
hama Thursday, should be along
about November 5 and besides 1500
tons of copra, is bringing 60O ton?
of general cargo for Portland distri
bution and 650 tons for transship
ment to Atlantic coast ports.
Hannawa Ahead of Time.
The Hanawa is slightly ahead of
time. The present schedule calls
for the West Kader to leave about
November 1, the Pawlet, now be
ing gotten in readiness after being
on the idle list, to sail November 15,
The West O'Rowa December 1 and
the Hanawa December 15.
The West Cayote, now in the idle
fleet, is in readiness for operation,
save to receive stores and the like,
and should' an early increase in the
fleet be ordered she could be dis
patched without loss of time.
WILD BIRDS PROTECTED
Australian Ornithologists Would
Prohibit Exportation.
SYDNEY, N. 8. W. Official ac
tion to prohibit the exportation of
Australian wild birds is likely on
the request of the Society for the
Prevention of Cruelty to Animals,
which declared that 50 per cent of
a recent shipment of birds to Eng
land died en route, while the re
mainder suffered acutely.
The commonwealth has not con
trol at present over the export of
any but birds of paradise, and it
anntft stipulate under what condi
tiins exported birds should be
treated. The states, however, pro
tect many varieties of birds, and it
has been suggested, that the states
might take action under their laws
against any persons possessing
birds which are protected, which
would Include an exporter. '
At the council meeting of the
Royal Australian Ornithologists'
union a letter was read alleging
that a recent shipment of birds was
carried under conditions involving
extreme cruelty and that the ani
mals did not have sufficient room
in which to move. A heavy per
centage of deaths occurred during
the trip, the letter said.
Livestock Market.
Only "two loads of stock, consisting of
17 cattle, 2 calves, 35 hogs and 45 sheep,
were received at the yards yesterday.
No business was reported during the
0 h If day the yards were open. The tone
of the market generally was steady at
the close.
Prices quoted yesterday at the Port
land Union Stockyards were- as follows:
Cattle Price.
Choice steers $ 8.50 7.50
Medium to good steers ....A 5.75 6.50
Fair to medium steers S.25 5.75
Common to fair steers 3.75 5.25
Choice heifers 5.50 5.75
Choice cows and heifers v. . , , 4.50 5.00
Med. to good cows, heifers ... 3.50 4.50
Common cows 1.50 2.00
Canners ; 1.50 2.00
Bulls 4.00 4.50
Choice feeders 4.00 5.00
Fair to good feeders 4.0O 5.00
Choice dairy calves 8.50 9.50
Prime light calves 8.50 9.50
Medium to light calves 7.50t) 8.50
Heavy calves 5.00 7.00
Hogs
Prime lipht 10.2510.65
Smooth heavy, 250300 lbs.., 8.50g)10.00
Smooth heavy, 300 lbs. up ... fl.00 9.50
Rough heavy 7.00 8.50
Fat pigs 10.00(5110.50
Feeder pigs 10.0010.75
Stags, subject to dockage ... 5.00 7.00
Sheep
Bast-of-mountain lambs .... 10.0011.00
Choice valley lambs 10. 00 11.00
Medium valley lambs O.OOiftilO.OO
Common valley lambs 8.00(g) fl.oo
Cull Iambs 6.50f 8.00
Light yearlings 8.00 8.50
Heavy yearlings 8.00 8.50
Light wethers 6.50(5) 7.50
Heavy wethers 5.50 6 00
Ewes 2.00 6.00
Chicago Livestock Market
CHICAGO, Oct 21. (U. S. Department
of Agriculture.) Cattle Receipts, 2500
head Compared with week ago, native
beef steers. 2550c higher; spots up
more; western grassers steady to 25c
higher; top' native- beef steers. S1S.50:
beef C07T3 mostly 2540c up, beef heifers
. unevenly, 50c(&$l higher; canners and
cutters, strong; bulls, about steady; veal
calves, mostly $1 higher; packers, mostly
25c up; heavy feeders, about steady.
Weekly bulk prices Native beef steers,
$9.40&11.90; western grassers, $6.50
7.5H; stockers and feeders, $6.507.50;
beef cows and heifers, $4.507.50; can
ners and cutters, $33.50; veal calves,
$1111.50.
Hogs Receipts, C000 head; market
fairly active; generally steady; hulk 210
250 pound butchers, $9.50 9. 60; top,
$0.00; bulk 170200 pound averages,
$9.359.45; desirable pigs," around $9.25;
estimated holdover, 3000 head; heavy,
$8.85(5:9.60; medium, $9.300.641: light,
$0.209.45; light light. $9.13&9.35; pack
ing sows, smooth, $83)8.55; packing sows,
rough, $7.50(8.10; killing pigs, $9
.35.
Sheep - Receipt 400t head; mostly
direct today; compared with week ago,
fat native lambs largely 75o higher; fat
westerns and feeder lambs, mostly 50c
higher;. fat sheep. 7ac$l up; closing top
tut natives, 14.73; westerns, $14.80; bulk
native lambs on close, fl414.40; culls,!
u,uaLIJ iv.ovtviv.ov; duik lat range lamos,
around $14.40; heavy fat. ewes, largely
$4.505.50; handy fat ewes, upward to
$7.5; best western feeding lambs, $14.80;
bulk around $14.55.
San Francisco Livestock Market.
SAN FRANCISCO, Oct. 21. (Federal
Stato Livestock Market News Service.)
Cattle Beef steers, good grade, $7.75
o. medium grade, $77.50; common
rrariA. ZRithaik. k- -n a j-
$5.75G;. medium grade, $5.255.50;
"'""" graae, fugo; canners and cut
ters, $23.50; bologna bulls, $2.504;
calves. 1hnifii-?nn nmnAa a .hnin.
$88.25; 20O250 pounds, good and
wwiv-c, ?i.tuga; z.-u(g;3uu pounds, good
and choice, $77.50; over 300 pounds,
$6.506.oO.
Hogs Good and choice grain fed Call
fornlas, 1502u0 pounds, $10.7511; 200
250 pounds. S10.4010.75;. 2503OO
J8.509; smooth sows, 250 300 pounds!
v.wi-ou, rougn sows, zoosuu pounds,
?viyu.uv; over ouu pounds, $o).
Sheen anH lamha G,nllnrnnl. 1-MK-
good and choice grades. $12.5013; me-
ulu.u sittue. ii0i.ou; ewes, medium
and good, $5 6; wethers, medium and
good, $7.50gJ9.
.
Kansas City Livestock Market.
Stat ri.n9rtn.Jt ' w.. v t. .
tle Receipts, 4300 head for Week; beef
steers, mostly strong to 25c higher; some
up more; top, $13.25; she stock, steady to
strone:: eannerst nt.aHv tn in.
stock calves, mostly strong to 25o hifh-
t . an inner classes around steady.
xioss iteceipts, auou head; fairly ac
tive to Ttakttrn ar.aitv tn K i
mostly steady to weak with yesterday's
po.t.ivGi xiittinet; top, y.iu; Dulk of sales,
$.60'g9.10; bulk 105235 pounders, $ft,80
8. DO; - packing sows, steady; bulk, $8
Sheen Repaint, anno ,aaA. tnA-
ceipts mostly feeders on through billing.
For week Lambs, 2535c higher; top,
$14.35; sheep, mostly 25c higher: spots
up more; feeding lambs and breeding
ewes, steady.
Omaha Livestock Market. .
OYAHA. fw. 91 TTnit- o. T-
partment of Agriculture.) Hogs Re
ceipts, 3000 head; packing grades, strong
to 10c higher; bulk, $8.108.50; other
classes, steady; 190250 pound butchers.
$8.90(5)9.10: ton luu. k . , '
$8.109. ' .
Cattle Receipts, 1100 head; compared
with week ago Beef steers, steady to
25c higher; spots more on choice corn
feds: she snr.lr. mnollv orxn..
bulls, 1525c higher; veals, about 25o
...6..c , .igcueri, aoout steady; feeders,
generally 25c lower.
sheet) Recelnta. lKno ha,. j
with week ago Killing classes, 2550c
c , aveucio, weuK to .oc lower.
Seattle Livestock Market.
SEATTLP, rw 91 -
ceipts; steady; prices unchanged
Hogs Receipts, 80 head; steady;
prices unchanged.
SAN 1TBANCISCO PRODUCE MARKET
Prices Carrent on Vegetables, Fresh
Fruits, Etc.. at Bay City. , '
SAN FRANCISCO. Oct. 21. (State
Sivislon of markets.) Pouitrv wv.
2729u; broilers. 28 36c; young roosters,
2729c; old. 1418c; hens, 1829c;
ducks, 1820c; live turkeys. 8238c;
dressed, nominal: hares, per nntinri in
18c; eauabs. dozen, $33.50; Jack rab
bits, dozen. $2 2.50.
Fruit Apples, box, $12.25; new
rreen Annies Inr bnr TKutt on. vi.i.
berries, dr., 4065c; cantaloupes, stand
ard crate, 50c4j J1.50; figs, black double
layer, box, $1.50175; grapes, crate, $1
1.50; grapefruit, $67; huckleberries,
nominal: lemnnH. Sn5nr!0- lnrQnk...a.
nominal; nectarines, crate, $11.25;
oranges, Valencias, $810.50; peaches,
oucs?.l; jsaitie.i pears, fx.ou.oU, per-
nlmmnno. flat rraln till..
melons, crate. 60c$1.10 plums, crate.
vja.u. i.auciiica, ui., avyioc; straw-herrlRS.-
dr HO(i7fic: n!llnr..a Knv tl
911 tr.. .nDnV.... .1 on, .
1.50; watermelons, pound, lc and less.
Vegetables Arti-nokes. lug, $1215;
beans, lb., 814c; cabbage, pound. 2o;
cauliflower, doa., 75c $1; carrots, sack,
1il25: CAlerV. flratn 9fifi9
bers. lug. $1.251.75; eggplant. v lug.
oucigfj.; lettuce, orate, ai.au QP; green
corn, sacks, $1 503; beets, sack. $10
$i.401.50 at wharf; green, box, $1,250
A.ou, ptrna, yuunu, lIQ'ldC. Den peppers.
lug, 40 76c; potatoes, cwt, $1.102.25;
sweet, pound, 22i4c; rhubarb, box,
&1.25S2: summer cuinnsh lux. 1 FUiCr
2; ecpinach, pou:id, 5i7c; tomatoes, .ug
75c$1.35; turnips, sack, 75c$l; parsley.
uoaen Duncnee. wc only; rauisnes. dozes
bunches. XMn nnlv hrnaqal' .nrn.il. nn.mH
67i4c; garlic, pound, 3 5c;'. pump-
Receipts Wheat n414 wntala- ha.T.v
11,664 centals; corn, 1660 centals; pota
toes, 1193 sacks; oniony 9095 sacks; hay,
295 tons; hides, 1346.
Chicago Potato Market.
CHICAGO. Oot 51lottn. .....r.
receipts, 185 cars; total United States
shipments. 1291; Wisconsin Backed and
bulk round whites, 90c$l cwt. ; Min
nesota Malrnil anil l.illr .. i Lt
9095c cwt.; Minnesota bulk Red River
vmua, ii.ia;u cwt.; worth Dakota
bulk Red River Ohlos, $1.151.20 cwt.;
South Dakota sacked round whites. 90
t5c cwt.; South Dakota sacked early
Ohios, $1.061.10 cwt.
Excess Reserve Again Beported..
MW YORK. Oct. 21. Th. i...ri..
house statement showed an increase of
more than $126,765,000 in loans, discounts
and Investments and lncreatei of taa
377,000 in the reserves of member banks
in ine leaerai reserve bank, $54,376,000
in net demand deposits and $13,781,000
in time deposits. The excess reserve
totaled $23,053,7i!O, as compared with
last week's deficit of $2,332,280
Chicago Oil Market.
(By Chicago Tribune Leased Wire.) .
CHICARO. Out ! n...i.. n-.-i.'
watrons. 19c: service Rtstlnn. ma
chine. 27.7c. '
Oils Summer, 11.4c; winter, 11.9c.
Carbon perfection Iron barrels, 11 c.
LinAeed nil Rnv 1 -a 4 K . 1 S '
livery, $1; boiled, $1.02.
Turpentine $1.68.
Denatured alcohol 42c.
Port Calendar.
To Arrive at Portland,
Vessel Prom. T..
Viking San Fran Oct. 21
Paul Luekenbach...New York. .. .Oct 21
West Katan Portland. Me. Oct. 21
Cacique Baltimore ...Oct. 22
VVapama .........San Fran... Oct. 22
Nebraskan Phiia ...... .Oct. 23
K. Luckenbach.....New York. . . .Oct. 23
Bermuda New York.... Oct 3
Willsolo New York Oct.' 23
lowan New York. .. .Oct. 28
Iowa Bordeaux ...Oct 23
Senator 3an Diego. ...Oct 2S
Kina .Hamburg .Oct 24
Rose City San Fran Oct. 26
Wm. A McKenny.. .New York....oct 27
Adm. Farragut San Diego. . .Octi 30
To Depart from Portland,
Vessel For. Date.
Eastern Sailor Orient Oct. 21
Admiral Goodrich. .. S. F. and way Oct 2-
Paul Luckenbach. . . .New York. .. .Oct. 23
Cacique New York .. . .Oct 24
West Katan s. America... Oct. 24
Senator San Diego. ...Oct. 25
Wm. S. McKinney... New York Oct 29
Rose City San Fran Oct 29
West Kader ..Orient Nov 1
Adm. Farragut . San Diego. .. .Nov. 1
Vessels Port.
Vessel Berth.
Adm, Goodrich Terminal No. 2
Baron Cawdor. ..... .Irving.
Baron Ogilvy .North Bank dock
BenvorUch .North Bank dock
.Boobyalla Supple's dock.
ChuUcotne Aitnna Marine.
Daisy Putnam St. Helena.
Devon City Terminal No. 4,
Eastern Sailor. ..... .Terminal No. 4,
Ecola .Astoria.
fcltna Mara. . Terminal No A
Geo. L. Olson Eastern & Western.
Georglna Rolph. . ...Albers dock.
Haraia , . ..uiarn at Wilson.
j. c. Kirkpatriek....Wauna.
K. V. Kruse Drydock.
La Merced Port Veg. Oil mill.
La Purisima Willbridge. i
Nankoh Maru S. P. Siding.
Oregon Pine ..Peninsula mill.
Oregon Fir Peninsula mill.
Pawlet Drydock.
Rosalie Mahony.. ..Albers dock.
W. S. Miller Willbridge.
West Kader St. Johns mill.
Trans-Pacific Mail.
Closing time for the trans-Paelfic
mails at the Portland main postofflce is
as follows tone hour earlier at Station G,
282 pak street):
For Hawaii, 7:45 P. M October 23. per
steamer Wilhelmlna from San Francisco.
For Japan, China and Philippines,
11:80 P. M. October 27. per steamer
President MoKlnley, from Seattle.
For-Australia. 7:45 P. M. Octnh 9tt
per ata&raer Waiotapu.
E
PIES
HOED
AT HIGH LEVEL
Present Quotations Good for
30 Days at Least.
QUALITY NOW AT BEST
Eastern Markets Strong, With
Improvement in "Leather
' Situation Factor.
The hide market holds firm in this
section and present pricea are expected
to continue for' at least 30 days more,
or until long-haired and grubby hideB
begin to make their appearance. The
kill in the northwest is light, as else
where in the country, and it is this lim
itation in the supply of hides that has
made for a strong market throughout
the country.
The boom is still on In the packer hide
markets of the east, and prices show the
same advancing tendency as of late;- the
stronger demand being undoubtedly the
outcome of a better general leather sit
uation. It was thought some time ago
that packer hides had reached the top,
but reports just received of sales dur
ing the week show that an upward ten
dency still prevails. This was particu
larly the case with steers. A block of
native cows moved at a small . decline,
but this had no effect on the general
market. '
Large buying of branded hides was
announced, amounting to well over 100,
000. Heavy, and light Texas stock and
Colorados brought full prices. Country
hides were not as active as packers in
the east, but tanners show an increas
ing Interest
In foreign hides, River Plate frigori
ficos were perhaps never before so
closely sold up as at present Latest
sales of steers have been1 at further
advances up to $58.50, gold basis, per
100 kilos, or the equivalent of around
23c landed. Common varieties of Latin
American dry hides are active, -and are
held higher. A clean-up sale has been
effected, involving about 16,000 Orlnocos
at the full late basis of 18c for frood
quality. A lot of "about 10,000, under
stood to be straight "mountain Bogotas,
Was sold by an importer to go to Can
ada, at up to 21c. Other holders are now
demanding this as a basis for superior
interior descriptions.
There is a continued demand for calf
skins and prices are firm in all markets.
CAB SHORTAGE AFFECTS GRAIN
Baying Slows Down at Close of Week.
Bids Are Reduced.
Slower at the close of the week with
lower prices quoted and buyers less
disposed to operate. Bids at the mer
chants' exchange ranged from 1 to 3
cents lower than Friday, with the great
est decline in western red. The only
exception was hard white milling, which
was unchanged for October and Novem
ber deliveries.
The cjr situation is becoming acute
in this section and was one of the fac
tors in checking bulers.
Cables to exporters advised of quieter
markets in Enerland. At T.lvernnl Ti.-
cember wheat closed 94 d lower at 10
a. Marcn was unchanged at 9s TTsd,
and May unchanged at 9s 4d.
Broomhall's cable follows
"'United Kingdom Wheat quiet and
demand slower. Millers show only a mild
interest Quantities of wheat off rnant
are increasing and this has served to
taae tne eage oil the urgent demand
for nearby parcels. Parcels of Manl
tobaa for forward shipment are inclined
to drag, with buyers being influenced
to hold off by the liberal offerings of
Argentine new crop wheat for December-January
shipment at lower pricea
Corn continues quiet with demand slow
Shippers' offers of corn are in fairly
good volume, but are not being pressed
for sale.
"Argentina The market for wheat In
Buenos Aires remains quiet but steady
Foreign demand for wheat is less active,
but country offers are not pressing. Old
supplies of wheat are believed to be
rather moderate, but the outlook for
the, new crop is considered generally
favorable."
Terminal receipts, in cars, were re
ported by the merchants' exchange as
follows:
Portland .
Wheat Baiy Fl'r Corn Oats Hay
Saturday.. 65 . . . 6 "... 2 4
Year ago. . 117 7 7 4 1 5
S'n to (int. 901 HI A oka An.
Year ago.. 138W1 10S 831 154 417 639
Friday 86 ... 4'
Year ago.. 44 ... 8 '. 14
S'n to date 2583 11 353 140 .'oi 217
Yearago.. 4959 72 572 79 172 274
Seattle
Friday.. .. 46 ... 12 .8 ... 1
Yearago.. 57 . . . 13 5 3 2
S'n to date 2953 T 883 421 200 457
Yearago.. 3381 - 96 796 339 234 Aau
GOOD LOT OF APPLES OFFERED
Valors Unchanged Here and in Faatr
Oregon Fruit at Auction.
The trade in pple yesterday was not
brisk. Buyers as a rule wanted the
lowest priced stock. Dealers supplies
are now fairly large and consist of
Jonathans, Kings, Northern Spys, Win
ter Bananas, Waxens and Delicious.
Prices range from $1 on cheapest cook
ing grades up to $2.102.25 on extra
fancy large Spys, Jonathans and Kings,
and $3 on high grade Delicious.
Carlot sales at shipping points were
reported as follows: Wenatchee, De
licious, extra fancy medium to large,
$2.25; Yakima Delicious, extra fancy,
$2.102.15, fancy . $1.651.85. mostly
$1.75(8 1.85, choice mostly $1.40; fancy
Jonathans . medium to large, $1.10 and
choice 85 cents.
At the New York auction 495 boxes
of Oregon Winter Bananas sold at the
following prices: Combined extra fancy
and fancy, very large, $2.302.80;
large, $2.102.25; medium, $L802;
fancy very large, $2.252.55; large, $2
2.15.
Barreled apple prices-' show little
change in the eastern marketa New
York Baldwins and Virginia, Maryland
and Pennsylvania York Imperials and
Jonathans sold slightly below last
week's general range at $2.60 to $3.80
per barrel. Michigan, Illinois and Mis
souri Jonathans closed- firm at $4.S0
6 in the middle . west Baldwins ruled
$3.50 X. o. b. western New York ship
ping points and $3.75 at Michigan
points where Jonathans and Grimes
brought $4.50. '
Shipments from boxed apple states
have been only about half what they
were last year, while the movement
from barreled sections has increased
about 40 per cent.
FEW BUYERS IN POTATO MARKET
Prices Rule Steady Locally and at Meet
Eastern Points.
No shipping demand of consequence
is reported In the potato market though
one or two buyers are making inquiries.
A little later In the season It is expected
a fair interest in early seed stock will
develop. The local jobbing market con
tinues well supplied and the best price
quoted on Oregon is $1.25.
Shipments of potatoes throughout the
country increased 1026 cars over the pre
ceding week, but were 4000 cars less
than for the same week last year.
Minnesota was still la the lead with
1816 cars, a gain of nearly 50 per cent
over the week before. North Dakota was
second with 828, bringing the season's
total for that state to 2457 cars, com
pared with 6045 for the same period last
year. Shipments from the leading late
shipping states are 16,000 cars less than
last season to the middle of October,
while the movement from New Jersey has
exceeded last season to date byabout
6600 cars. Total shipments for the week
from all sections were 7690. .
The eastern markets held nearly
steady with a gain of 510c here and
there. Firm tone prevailed in the Chi
cago carlot ' market where northern
sacked round whites brought -95 cents
to $1.16 per 100 pounda Jobbing sales
in other markets were at $1.151.S5. Red
River Ohlos sold at the same range.
Prices were firm at northern shipping
points at 75 85 cents f. o. b- Maine
sacked Green Mountains and Cobblers
held at $11.20 In Boston, with carlots
salees in Pittsburg $1.35. Bulk stock at
shipping points brought 6070c f. o. b.
New York sacked stock ranged $1.25
1.85 in Pittsburg and Cleveland and 90
95e in producing sections. Growers in
Colorado and Idaho received 40 70c for
Rurals, Russetts and Brown Beauties.
Carlot sales In mldwestern markets were
slow and dull at $1.101.35.
ONIONS SELLING AT HIGHER PRICES
Growers Refuse to Sell at Former Quo
tations Total Movement Light.
Seveftl, cars of association onions were
moved out during the week at $1.25, a
better price than prevailed during the.
preceding week. The Jobbing market
is also higher, with $1.75 asked for the
best stock. The bulge is regarded as
purely local and due to the refusal of
growers to sell at lower pricea
The domestic movement of onions dur
ing the week decreased nearly one-third
to 842 cars. Shipping was in heaviest
volume from Indiana, Ohio and New
York. This season's shipments to date
were about 3000 cars greater than last
season to October 15. Supplies were
moderate in most marketa and liberal in
Boston and Pittsburg. Middle western
yellow varieties held ' a firm tone in
consuming markets at $1.401.90 per
lto-pound sack, Massachusetts yellow
Globes, medium sizes, were steady in
eastern markets at $11.25 and, ruled
$1.10 f. o. b. Connecticut valley points.
ARIZONA GRAPE FRUIT IS QUOTED
First Car of Red Emperor Grapes Dne
, in Few Days.
The first car of Red Emperor grapes
is due early in the week. They are
being quoted in lugs at 11 cents a
pound. Southern Oregon Tokay and
California Lady Fingers continue in
good supply and are selling at steady
pricea
Choice and cooking grade Anjou pears
are offering at $1.50 2 a box.
The first car of Arizona grape fruit
Is due in a few days and will sell at
$55.75 per box according to size.
Florida and Isle of Pines grapefruit Is
lower.
. The first shipment of new crop Per
sian dates will arrive about November
20.
Wheat Sentiment Less Bullish.
The Chicago wire to the Gray-Rosen-baum
Grain company follows:
"Much selling our December against
purchase Winnipeg and May here caused
further sharp break December here.
Sentiment less bullish. Slight improve
ment car situation reported in spots.
Fair cash demand. Chicago flour stocks
lowest ten montha . Roumanian crop
sufficient home requirements onlv. Be
lieve had sufficient break. Favor pur
chase on breaks."
Butter Market Reported Weaker. ,
The butter market was reported, weak
at the close with little outside demand.
Eggs were steady and unchanged at
the recent advance. '
Poultry cleaned up well without much
change in pricea Dressed meats were
also unchanged.'
Bank Clearings.'
Bank clearincrn nf th. nArthn. .m
cities yesterday were as follows:
- Giearings. Balances.
Portland $5,187,662 $ 883.464
Seattle 5,206,760 . 817,2834
Spokane 1,747,448 846,623
Tacoma transactions 2,681,000
Clearings of Portland Hoattla T,
coma for the past week and correspond
ing ma in lormer years were:
. r-ortland. Seattle. Tacoma.
1922. .$40,677,894 $36,872,808 $18.194 000
1921. . 38,258,741 32,508,593 3,186.131
1920.. 40.704.796 39,312,833 4,985,277
1919.. 37,989,773 45,800,823 4,560,466
1918-. 41.921,196 42,671,870 5 150 874
1917. . 25,637.945 28,445,318 3.4!I4 767
1918.. 18,746,542 19.608,713 2,401.840
1915.. 12,122,664 11,275,082 1,616.809
1014..' 9,974,032 10.918,362 1,616.766
1913.. 11,641.419 12,703,499 2.020,115
1912.. 11,898,666 13,243,555 3,905,878
1911. 10.937,605 11,396,842 4,655,200
Transactions.
PORTLAND MARKET QUOTATIONS
Grain, Flour, Feed, Etc.
Merchants' Exchange noon session:
October. November. December.
Bid. Ask. Bid. Ask. Bid. Ask.
Wheat
H Wht $1.25 $1.25 $1.25
S Wht.. 1.15 1.15 1.20 1.14
W Wht. 1.15 1.15 1.20 1.14
H Win.. 1.10 1.08 1.08
N Sprg. 1.12 .... 1.11 l.ll
W Red. 1.07 .... 1.07 1.06 ....
Oats
36 Nat 34.50 .... 34.50 34.50 . ..
36 Clp 33.50 .... 33.50 33.50
38 Nat 36.00 36.00 37.00 36.00 37.00
Barley
44 lb. ..32.50 82.60 32.50
40 lb.. 32.00 .... 82.00 32.00 '..
Corn
2 E Y. .33.50 83.00 34.25 31.50 32.50
3 mS"33-00 ' 82-50 S0.60 ,32.00
Millrun .
27.00 80.00 27.00 30.00 25.00 30.00
FLOUR Family patents, $7.00 per
barrel: whole wheat $6.20; graham, $6;
bakers' hard wheat, new. $8.60. bakers'
bluestem patents, new, $6.75: valley bak
ers'. $5.90.
MILLPEED Price f. o. b. mill: Mill
ran. ton lots, $29; middlings, $41; rolled
barley, $3638; rolled oats,. $43; scratch
feed, $44 per ton.
CORN White, $37; cracked, $39 per
ton.
HAY Buying price, f. o. b. Portland:
Alfalfa. $1818.50 per ton; cheat $18;
oats and vetch, $20; clover, $18; valley
timothy, $20; eastern Oregon timothy.
J202L -
Butter and Country Produce.
BUTTER Cubes, extras, 44 45c lb.;
prints, parchment wrapped, box lots, 48c;
cartons, 49c. . Butterfat. 48c delivered
Portland station, buying price, A grade,
45c
EGGS Buying price: Current receipts,
loss off, 4647c dozen; henneries, 60c
dozen. Jobbing prices: Front street can
dled ranch. 50c; selects, 62c; association
lelects, 63c; firsts, 51c; pullets, 46c
CHEESE Tillamook triplets, price to
Jobbers, f. o. b.. Tillamook. 30c; Young
Americas, 31c; longhorna, 31c pound.
POULTRY Hens. 1323c lb.; springs,
19 20c; ducks. 15 23c; geese, 15 20c;
turkeys, live, 3335c; dressed,, choice
10 cents. ,
VEAL Fancy, 14o per pound.
PORK-Fancy 15ftc per pound,
Fralta ana Vegetables.
Local lobbing quotations:
FRUITS Oranges. Valencia. $5(3
10.50 per box; lemons, $9.7511.50; grape-
iriut, arff.5W box; bananas, lc
lb.; cantaloupes, $22.75 per crate;
peaches, 50c $1 per box; casabas, 3
3Hc lb.; pears, $1.502; grapes, $23.75
per box, IS 20c basket; appleS, $13
per box; cranberries, $55.75 per box;
huckleberries, logistic per pound. .
POTATOES Oregon. 90e'$1.25 per
sack; Yakima. $1.40 1.60 per sack;
sweet potatoes, 84o peri lb.
ONIONS Oregon, $1.501.75 per sack.
VEGETABLES Cabbage, llc. per
pound: lettuce, $1.502.00 per crate;
garlic. 12 20c pound: green peppers.
6 7c per pound; tomatoes, 40 75c per
crate; cucumbers, 3550c per box; egg
plant, 8 10c pound; Hubbard squash,
22hie per pound; beets, $1.75 per sack;
turnips, $1.50 per sack; cauliflower, 86c
$1 dozen; ' celery, 75c$1.10 dozen;
pumpkins, 22c pound.
Staple Groceries,
Local Jobbing quotations:
SUGAR (sack basis) Cane, granulated
7.80o pound; beet, 7.60c per pound
NUTS Walnuts, 18 31c per pound;
Brazil nuts, 13 ft lc; almonds, 16 4
2Sc; peanuts, 8 9c; filberts, 20c; pecans,
32c; chestnuts, 20c per pound.
RICE Blue Rose, 7c per pound; Japan
style. 6. 10 6.25c per pound.
COFFEE Roasted, bulk. In drums.
20 3D He Der pound.
SALT Granulated. barrels, $2.60
8.85; half ground, tons, 60s, $17: 100, $16.
DRIED FRUITS Dates. 14c , pound;
"S3, 18V422c per pound; apples, 12
14c per pound; peaches, 1515c;
prunes. 912c; apricots, 2331c-
BEANS Small white, 614c; pink, Be:
red, 8c; lima, 910c; bay, 6,c per
pound. '
HONEY $4 4. 75 per case.
Provisions.
Locat jobbing quotations:
HAMS All sizes. 2832o per pound;
skinned, 81c; picnJo, 18c; cottage roll,
28c per pound.
BAQON Fancy, 8946o; oholee. 820
36c; standards, 28 30c
LARD Pure, tierces, 17o per pound.
DRY SALT BACKS 2023c; Elates,
IS cents.
Hides, Hops, 'Etc. '
HIDES Salted hides, all weights, 12c;
green hides, all weights, 10c; salted
bulis, 9c; green bulls, '8c; salted or grees
caii. 17c; salted or green kip, 14c; hair.
slipped 'hides and skins half pries; fllnl
dry hides, 16c; flint dry call and kip,
16c; dry salted hides, 12c; culls and
damaged, half price; green or salted
horse hides, each $2 3; colt skins, each
60c$l; dry horse, each 75c$L25, with
mane and tail on.
SHEEP PELTS Dry sheep pelts, long
wool, 21c; dry sheep, pelts, short wool,
lOHc; dry sheep pelts, pieces, 10 lie; dry
shearlings, each, 6 25c; salted pelts,
long wool, $11.50 each; salted pelts,
short wool, 75c $1.25 each; salted
shearlings, 10 50c; salted goats, long
hair, $12; salted goats, ehoi hair,
60c$l; dry goats, long hair, per lb.,
35c. dry goats, short hair, each, 25 50c;
goat shear lings, each, 10 20c
TALLOW No. X. 55&c; No. 2, 4
6o per pound; grease, 3tt 4c per pound.
CASCARA BARK New peel, 7o pet
pound; old peel. 6c per pound
OREGON GRAPE Grape root, 7c per
pound.
HOPS 1922' crop, 7llc per pound.
WOOL Valley wool, fine and half
blood, 3035c; three-eighths blood. 3b
32c; quarter blood, 2527c; low quarter
and braid, 2022c; matted. 1618c
MOHAIR Long staple, 32c delivered
Portland; short staple, 27c; burry, 22o
per pound.
Oils.
LINSEED OIL Raw, In barrels, $1.10;
5-gallon cans, $1.25; boiled, in ba .-x
$1.12: 5-gallon cans, $1.27.
TURPENTINE In drums. $1.82; 6
gallon cans, $1.97.
WHITE LEAD 100-pound kega, 18c
per pound.
GASOLINE Tank wagons and iron
barrels, 26c; cases, 87c
Lumber.
The following are direct quotations on
Douglas fir. and represent approximately
prevailing f. o. b. mill prices in carlots
and are based on orders that have been
negotiated: Pre
vailing Flooring High. Low. Price.
1x4 No. 2 VG $54.00 $49.00
1x4 No. 3 V 43.00 40.00-
lx4N.2&B,SG ... 38.00 .t
1x6 No. 2 & B, SG . . . 41.0(1
Finish, No.' 2 and better
1x8 10-inch 580
Casing and base.... 65.00
Celling
x4No.2&B 38.00 37.00 ......
Drop siding
1x6 No. 2 & B 41.00 40.00 40.00
Boards and SL No. 1
Ix8-l0-lnch SIS ... 19.50
Ixl2-inch 19.00
Dimension No. S & E
2x4 12-14 18.50 16.50
- Flanks and small timbers
4x4 12-16 S 4 S ..... 22.50 21.50
8x10-12 12-16 Rgh . 21.00 '
Timbers. 32 feet and under '
6x6-8xlOS4S 24.00
Lath
Fir 4.50
W PBICEO Em PAST
OUTLOOK FAVORS HIGHER
MARKET FOR WHEAT. ,
Revised Estimates ot European
Needs Indicate Minimum of
-00.000,000 Bushels.
The weekly review of the Chicago
era in market, received by Jordan, We&t
worth & Co., follows: ' .
Wheat Strong prices for wheat nave
prevailed, following a congestion at Buf
falo and in the northwest. There- has
been no lack of supplies, though the visi
ble Is under the average for this season
of the year. Europe has been taking a
generous amount of wheat and flour from
all countries. As the era of harvest
low prices has been passed and the final
crop estimates in the importing countries
are reduced, the outlook favors a firm
price. Revised estimates of European
needs Indicate a minimum of 700,000,000
bushels, or 60,000,000 bushels in excess
of Jast season. So far, the supply situ
ation is equal to the probable increased"
demand, but the exactness of the supply
will not be available until mid-winter
reveals the crops of the southern hemi
sphere. The political situation In Europe
will affect the market for wheat from
time to time.
Corn The visible of corn is much be
low last year. The early harvest this
season is not increasing supplies. Ex
port demand is improving and with the
Argentine balance from the last crop
only 92,000.000 bushels, the prospects
favor another season of large exports
from this country. The price has as
cended rapidly as the trade felt the in
fluence of the increasing demand and
the limited supplies. The big advance in
corn U over and the market will be sub
ject to more fluctuations from now on
than for several months. The nearness
of the price of the grain to the feeding
value turns attention to the hog market
for the best incentive for buying or
selling.
Oats The pood quality of the new
crop and medium yield Is helping this
grain. The visible has been decreasing
and total supplies are half those of a
year ago. -The price should move along
with corn.
COTTOX AT Nj:W HIGH LEVELS
New York Market Up 29 to 49 Points at
Close Yesterday
(By Chicago Tribune Leased Wire.')
NEW YORK, Oct. 21. Cotton prices
advanced to new high levels today.
There was a resumption of Friday's active
buying movement, and in the? first few
minutes the list was' bid. up 18 to 23
points. Realizing, which was present
In suostantial volume, was well absorbed
there being good demand 'from spot
hcusek. Liverpool and New .Orleans. The
buying side was approached with more
confidence. ' .
Buying power gathered new strength
in the last hour, and the price ' list
moved rapidly, scoring a net gain of
about 35 to 50 points in the final few
minutes of business. Shorts covered
actively and there was scattered trade
support and a little new Wall-street
buying. Profit-taking on the upturn was
not as heavy as expected, which showed
that bulls were firmly entrenched. Final
bids were not far from the best,' up 29 to
49 points.
Spot cotton, steady 23.95c for mid
dling upland.
Southern spot markets: Galveston,
23.30c; 35 points advance; New Orleans,
23c, 50'polnts advance; Savannah, 23.38c,
38 points advance;- Augusta, 23.38c; 38
points advance; Memphis, 22.75c;' 50
points advance; Houston. 23.85c, 85
points advance; Little Rock, 22.50c, 25
points advance.
NEW YORK. Oct. 21. Cotton futures
opened firm, October, 23.42; December,
23.60c; January, 28.36c; March, 23.47c;
May. 23.42c.
Futures closed firm; December, 23.75c;
January. 23.48c; March, 23.64c; May,
23.52c; July, 23.33c.
Drain Bank Gets New Manager.
MILL CITY, Or., Oct 21. (Special.)
J. S. Fiatland and family have moved
to Drain, Or., where Mr. Fiatland will
be manager of the Drain state bank.
D. B. Hill, late cashier of the Sheridan
state bank at Sheridan, Or., assumes
the management of the Mill fcity state
hank. L. L. Linn will remain as-cashier.
Before coming to Mlli City Mr. Fiatland
was connected with the" bank at Prairie
Du Sac, .Wis., and Mr. Linn was cashier
of the Waidport state bank at Waid
port. Or.
Cotton Seed Oil Market.
Cotton seed oil futures at New York,
furnished by Jordan-Wentworth & Co.,
Portland.'
October. 8.258.55c; November. 8.50
8.54c; January. 8.748.76c; February,
8.80&82; March. 8. 92 8. 94; April
8.9Rg9.01c; May, 9.05.9.10c
Spot bid, 8.25c
Total sales, 18,800. ' j
GRAI1M QUQTATIO
s
Profit-Taking Is Not,Thor;
- oughly Digested.
BULLS ARE NOT UNEASY
Prices on Downgrade Most of
Day, With Further Liquida
tion by December' Longs.
BY CHARLES D. MICHAELS.
(By Chicago Tribune Leased Wire.)
CHICAGO, Oct 21. Action of the
grain markets showed that the heavy
selling for profits on the recent bulge,
had not yet been thoroughly digested.
Prices were on the down grade s
good part of the day. There was fur
ther linilMntfnn Hv lnnr. In th n.m.
ber deliveries. Tb.ey went to a wider
discount under the May. There also was
general evening u on the part of local
longs and also some bear pressure, local
sentiment being less bullish than of late.
Closing trades showed net losses of
42c on wheat," while corn was off
H2c, oats Hlc and rye llc,
December . leading in all grains. Lard
finished unchanged to 2 "Ac higher and
ribs unchanged.
While ail grains sold at new high
figures for the season in the last week
the bull movement was checked by
heavy profit-taking sales. At the last
wheat was lic lower to ic higher
compared with the finish the previous
week. Corn was c higher to c lower,
oats HlHc lower and rye'igl4c
lower. Lard was unsettled with October
7c lower and the deferred futures 15o
higher. Ribs were nominally un
changed. Aside from the fact that wheat has
had a good bulge of late here was
nothing in the situation to cause any
uneasiness among the bulls. Winnipeg
showed a strong undertone and Liver
pool was unchanged to pence lower
or about in line with expectations. At
the same time little is heard regarding
export demand whiph "causes some to
believe the advance was too fast. Com
mission houses on the whole continue
to advocate purchases on the declines.
Corn and oats were affected mainly
by the action of wheat and reports of a
better car situation in spots in the cen
tral west with indications of larger ar
rivals in the immediate future. Basis
on cash corn was &c lower as
compared with the finish of the previous
day. The trade look for a fair decrease
in the' visible supply of corn to be
shown in Monday's statement.' Country
offerings nq large.
Rye was sold by local traders and
the northwest and while receiving good
support at times closed well toward the
bottom. The two northwestern markets
had 150 cars.
' ' .
With a decline of l&2c in cash
corn and lc in oats, premiums here
and an easing In premiums at the sea
board, there is a feeling among cash
handlers that business will be im
proved should there be a further de
cline. The drop in oat premiums to
day brought a better demand with
Bales of 100.000 buahxln h.r r,.-
port.
Lake and rail rates on grain from
Chicago to the seaboard are now c
higher than all rail and exporters are
shipping grain all rail, t
' '
December wheat has declined 60,
corn 3o and oats 2c from the high
point of the week, which some trad
ers consider break enough for the
present while others think there should
be a further moderate recession fol
lowed by a good rally.
TCxnerfatlnn. o , .
,., .."a,. aiutHB ot corn
nere will show a decrease for the week
n.iuuuBi' leW;ipta were in excess of the
shipments.
'
ConsiderahlA .Mlllnv -r, ,
t wheat and corn and buying of May
" - 3 uo imning. -Lnere
was also large buying of December and
selling of May corn at Hlc difference
by several of the largest commission
houses that were credited with repre
senting cash interests.
Indications are for a better supply
of cars for moving grain in the west.
Omaha telegraphed that more cars are
being supplied, the Burlington send
ing hundreds of empties to weBtern
Nebraska and eastern Colorado. Eastern
roads are ordered to give the Union
Pacific 50 box cars a day to move po
tatoes. These cars are. to stay in the
Omaha district and will take grain
with the advent of the first cold weather
as potatoes will then have to be moved
refrigerator cars.
There was selling of December corn
by houses with extensive connections
in western Iowa . and Nebraska, said
to be against prospects of a better move
ment. A Buffalo message said there were
10,000.000 bushels of grain afloat there
and the elevators there were filled
with grain. This is a higher estimate
than received early in the week.
Bert Schwars, who after a four
months' stay in Europe. Is back In
Ohlcago. He says Europe will have
to buy a lot of grain and he favors the
constructive side, of the market.
The Chicago grain letter received yes
terday by the Overbeck & Cooke com
pany of Portland follows:
Wheat Reports of a better supply of
cars In certain sections of the Interior
created the impression In local circles
that the worst had been seen In the car
situation and Induced considerable liqui
dation of long contracts based on the ex
pectation of larger receipts and possible
accumulations at terminals, unless there
is a corresponding improvement In east
ern traffic conditions to broaden the out
let. It is very probable that the demand
will keep pace with isfcreased arrivals
as it is claimed that millers' stocks of
wheat and flour are the smallest in many
months and the consumptive demand
good. The seaboard reported little doing
today in exports, but it Is generally con
ceded that Europe with inadequate re
serves on hand cannot withdraw from
North American markets for more than
a few days. Kansas points are sending
reports of poor germination, due to
drought, but new crop prospecis are not
to be given much consideration at this
time. Our analysis of the Immediate
situation makes us feel that the market
within the next few. days will again de
velop strength.
Corn After a short display of firm
ness early in the session this market de
veloped weakness and closed at bottom
figures. Easiness in the local spot mar
ket was a contributing feature, appear
ing to be a reflection of a slight im
provement in the car situation, which en
couraged potential buyers to withhold
purchases in anticipation "of more liberal
receipts. Messages from Iowa reported
disappointing yields and a disinclination
on the part of the producer to sell at
present prices. Prospective supply and
demand, conditions are such that wo
would not care to assume a- bearlsh atti
tude, based on what will probably prove
a temporary turn of easiness in the spot
market. i
- Oats felling of the near position by
seaboard Interests caused weakness and
resulted in a decline in the deferred fu
tures. The cash demand was slow and
the trading basis lower, despite smaller
receipts. Shipping sales reported were
70,000 bushels. Country offerings to ar
rive light.
Rye There was. liquidation by longs
In this market in sufficient volume to
cause weakness, although offerings were
well absorbed on the cash decline. Cash
rye was relatively firm at 2 cents over
December for No. 2 on track.
Leading futures ranged as follows:
. WHEAT.
Open. High. Low. Close.
December Jl.124 $1.12 Jl.lOi I1.10
May 1.HI14 1.12 1.11 H 1.1114
July 1.0514 1.05 1.04 1.0414
CORN.
(II
December .67 ,9t
May 3814
July 6814 .6814
OATS.
December .42 .42
May 42 .42
July . .3934 " .3954
.65 .6514
.67 .67
.67 .67
A0 11 .40
.41 .41
.32 .39
V
LARD.
January 9.52 -9.52 9.52 9.52
SHORT RIBS.
October 10.50
Cash prices were as follows:
Wheat No. 1 hard, 1.12.
Corn No. 2 mixed, 7173c; No. 2
yellow, 717314c.
Oats No. 3 white, 424314c.
Rye No. 2, 7914c.
Barley 66 70c.
.Timothy seed J5.506.50.
Cloverseed $15 20.51).
Pork Nominal.
Lard $10.90.
Ribs $10 12.
Minneapolis Grain Market,
Reported by the McCaull-Dlnsmore
Grain company of Portland: 1
Wheat No. dark northern, good to
fancy, to arrive, $1. 12"4 1.2614 ; fancy
No. 1 dark northern. $1.2014 1.27 14 ;
No. 1 dark northern, $1.1114 1.19 14 : to
arrive, $1.11; No. 1 northern, $1.0914
11714; to arrive, $1.0914; fancy No. 2
dark northern, $1.1414 6)1.2214: No. 2
dark northern. $1.0614 1.1614 ; No. 2
northern, $1.0514 1.1414 ; fancy No. 3
dark northern, $1.1114 811.1714; No. 3
dark northern, $1.0214 & 1.11 ; No. 3
northern, $1,01 1.10 ; No. 1 dark
hard Montana, $1.13 1.19 "4 ; to ar
rive, $1.131.1714; No. 1 hard Mon
tana, $1.07 li 1.10 14 : to arrive. $1.0714
01.10; No. 1 dark hard Minnesota
and South Dakota, $1.09 1.11 ; to
arrive, $f .08 1.10 ; No. 1 hard Min
nesota and South Dakota, $1.05
107; to arrive, $1.05 g 1.07 ; fancy
No. 1 amber durum, $1.04 1.09 ; to
arrive, $1.01 1.04 ; No. 1 amber dur
um, $1.02 1.04 : to arrive, $1.00 ; No
1 Durum, 90fe97c: to arrive. 90c:
fancy No. 2 amber durum, $1.02
1.07; No. 2 amber durum, ;$1.00
1.02; No. 2 durum, 87 9311c.
Corn No. 2 yellow, 6869c; to anr'.ve,
63c; No. 3 yellow, 67 68c; to arrive,
62c.
Oats No. 2 white. 8740c; No. 8
white, 3539c; to arrive. 35c.
Barley Choice to fancy, 5863c; me
dium to good, &357c; lower grades.
48j)52c.
Rye No. 2, 69 73c; to arrive, 68
1 0 c.
Flax No. 1, $2.45 2.48; to ar
rive, $2.45.
Wheat futures December, $1.07;
My, $1.09. '
Cash Grain Market.
Furnished by Jordan - Wentworth &
Co.. Portland.
OMAHA, Oct. 21. Wheat, No. 1 hard,
$1.081.08.
Corn No. 2 white, 67 68c; No. 2
No. 8 hard, $1.091.14; No. 4 hard
51.121.13; No. 2 hard. $1.1101.14:
yellow, 6768c; No. 2 mixed, 67
07 c.
Oats No. 2 white, 42o; No. S white,
4142c; No. 4 white, 49c.
ST. LOUIS, Oct. 21. Wheat. No. 2
red, $1.24; No. 3 red, $1.201.21: No.
3 hard. $1.16.
Corn No. "2 yellow, 74o; No. 2 white,
74c; No. 8 white, I3c.
Oats No. 2 white, 45c f No. 3 white,
4445c; No. 4 white, 4444c.
KANSAS CITY. Oct. 21. Wheat. No.
8 red, $1.121.31; No. 2 hard, $1.14
1.19; No. ST hard, $1.151.18; No. 1
dark hard, $1.20; No. 3 dark hard, $1.18
1.20.
Corn No. 2 mixed, 7070c; -No. 2
yellow, 75c; No. 4 yellow, 74c.
Oats No. 3 white. 43c.
DULUXH, Oct. 21. Wheat, No. 1 dark
northern, $1.12 1.18.
Oats No. 3 mixed, 37 c.
Rye 7172c.
Barley 5061c.
Flax $2.46(82.47. ,
Grain Export Trade Restricted.
(Bv Chicago Tribune Leased Wire.)
CHICAGO, Oct. 21. Export business in
grain at the seaboard was considerably
restricted, although there were moderate
sales of wheat and corn.
Chicago handlers sold 8000 bushels
wheat: 20.000 bushels corn; 100,000 bush
els oats and 50,000 bushels rye to the
seaboard for export; part of the rye
bringing 13c over December, track
Baltimore.
San Francisco GraKt ilarkrt.
SAN FRANCISCO, Oct. 21. Wheat
Milling. $1.901.B5.
Barley Feed. $1.87 1.42 ; ship
ping, $1.451.55.
Hay Wheat. $18(919; fair. $1416;
tame oat, $1619; wild oat, $1315; al
falfa. $10813; stock, $1113; straw,
$11012.
Carlot Grain Receipts.
CHICAGO, Oct. 21. Carlots) Minneap
olis Wheat. 410; corn, 7; oats, 48; flax,
30. Winnipeg Wheat, 1403; oats, 10.
Duluth Wheat, 184; corn, 6; oats, 2.
Kansas City Wheat, 195; corn. 17; oats,
16. St. Louis Wheat, 71; corn, 32; oats.
42. Omaha Wheat, 8: corn, 55; oats, 29.
Seattle Groin Murket.
SEATTLE, Oct. 21. Wheat., hard
white, soft white, western white, $1.17;
hard red winter, soft red winter, north
ern spring, $1.16; western red $1.14; Big
Bend bluestem, $185.,
Feed and hay unchanged.
WinnlpeglVheat Futures.
W1NNIPEU, Oct. 21. WheatOctober.
$1.00; December, 97c; May, $l.li.
- 1 -'
QUOTATIONS ON DAIRY PRODUCTS
Coast and Eastern Markets for Butter,
Cheese and Eggs.
SAN" FRANCISCO, Oct. 2L Dairy
produce exchange closed.
NEW YORK, Oct. 21. Butter Strong;
creamery firsts, 3845'c.
Eggs Firm; fresh gathered extra
firsts, 5055c; firsts, 40ff!45c.
Cheese Firm.
CHICAGO, Oct 21. Butter Higher;
creamery extras, 45c; firsts, 363SMc;
extra firsts, 41431c; seconds, 34 33c;
standards, 40 40c.
Kegs Unchanged; receipts 3163 cases.
SEATTLE, Oct. 21 Butter and eggs,
unchanged.
New York Curb Market.
Furnished by Jordan, Wentworth &
Co., or Portland:
Bonds
Last sale.
Allied Packers 6s 77
Am Tel & Tel 6s, 1922 99
do 1924 100
Anaconda Copper 6s 101
do 7s 1031
Anglo-Am Oil 7s 103
Armour & Co. 7s 104
Beth Steel 7s, 1935 102
Copper Ex Assn 8s, 1924 ..102
do 8s. 1925 103
Galena Signal Oil 7s 10.
Grand Trunk 6Mr - 106
Gulf Oil 7s 103
Inter Rapid Tran Ts 101
So West Tel 7a
Stand Oil NY 6jS, 1933 UM
do 7s, 1926 105 i
Swift & Co. 7s, 1931 102
Industrials
Acme Coal Co 77
Acme Packing Co 31
Car Light & Power Co 2
Continental Motors 10
Glen Aiden Coal 5
Phillip Morris 20
Radio Corp Com 4-i
United Ret Stores Candy 6
Heyden Chem 2
Durarvt (old) 50
Miring
Alaska-Br Col Met , 2
Big Ledge 9
Boston & Montana 12
Cancielaria Silver. 41
Colombia Emerald Syn 70
Crosson Cons O Min 2
Divide Extension 14
El Salvador Mines 4
Eureka Croesus M Co 26
Gold Zone Divide U
Jerome Verde Copper 2
Knox Divide Mines 4
McNamara Mine 7
McKinley Darragh 21
Naticnal Tin & T 22
Nevada Ophir 15
Nipissing Mines 5
Rex Consolidated 6
Tonopah Divide 78
Ui.ited Eastern Mine 1
Hecla 6
Cons Copper f 4
Oils k
Allied OH 3
Anglo-Am Oil 21
Arkansas Natural Gas 9
Boone Oil 10
Boston-Wyoming 1 1-16
Carib Syndicate 6
Cities Service Com 197
Cities Serv B T shares 20
Creoln Syndicate 2
Cuhing Petroleum 8
Mutual Oil '.. 12i,4
Engineers Petroleum 20
Federal Oil 72
Gilliland Oil' - 4ft
Olenrock Oil 1
Hudson Oil 13
International Petroleum 22
Maracaibo Oil 18 Vi
Mexico Oil 1 3-16
Noble Oil & Gas com 25
Omar Oil A Gas 1
Producers & Refiners 7
Supulpa Refining Co 8
Si mn.8 Petroleum 10
Southern Pet & Ref Corp 17
Standard Oil of Indiana 127
Texon Oil & Land 41
Victoria Oil 25
Mex Eagle 124
Merritt - 7
Phone your want ads to The Ore
gronian. All its readers are inter
ested In the classified columns.
s
is
Trend During Week Is Main-
ly Downward.
AVERAGES TELL STORY
Indications Xot Lacking of Sup
port at Xew Level Check
in Drop Noted at Close.
BY BYRON SELLER.
(Copyright, 1922. by The Oregonlan.)
NEW YORK, Oct. 21. The week baa
been one of great irregularity In the
bond market. Ia the main the trend has
been downward, but indications havs .
not been lacking of support at the new
level. The story is beat told in the av
erages. On October 19 the average price
of ten railroad bond of the highest
grade was 87.77. This was a gain of
9.73 points In a year, but a loss of 3.67
points over a month ago.
Similarly the average price of ten
second-grade railroads on October 19 of
86.61 was 10.44 points above the average
of a year ago, but 1.98 points down in a
month.
The averages for ten public utility
bonds showed gains of 13-44 points in a
year and losses of 1.04 points in a month.
Ten Industrials gained 11.26 points in a
year and lost .85 point in a month- The
combined average showed a gain of
11 22 points in the year andr a loss of 1.8a
points in the month.
Downward Move Checked.
A check to the downward movement
was noted in the closing days of the
week. In some caset quotations fotv
high-grade Investment securities appar
ently had reached the point where pur
chasing power was attracted.
This was notably the case with Atch
ison general 4s, perhaps the most rep
resentative railroad investment bond,
which it this week's low was down 8
points from the high of the year. The
same was true of the hfgh-grade Indus-'
trial and utility issues. Anything to
yield around 5 per cent had a good
market. Examples are: Tennessee Coal,
Iron & Railroad 5s and New York Gas,
Electric Light & Power 5s.
Some authorities claimed to believe
that the readjustment in money market
conditions was evidenced by the at
tractive yield as the new government
issue had been completed. It was pointed
out that the supply of money was still
abundant both for legitimate commer
cial needs and for investment. More
over, Increased business might be ex
pected eventually to increase funds avail
able out of profits for reinvestment In
securities.
Others Not So Confident.
Other equally well-informed authori
ties were not so confident. Both agreed
that the demand at present was for
prime, shtort-term obligations. By short
term was meant bonds to mature not
later than 1930, and by prime issues was
meant only the best secured Issues of
the strongest corporations. An invest
ment policy founded on this principle
must be safe no matter what the future
of the general market. It is elementary
that the price fluctuation is the greatest
in the long-term bonds.
Perhaps the most sensational episode '
ei 7H m far- the investment
Tnwket wnm concerned was tSemMna1
for Liberty 8s and the consequent in
crease in price to a new high ior a!E
time. It . is doubtful whether there will
be any abatement In the inquiry for the
tax-exempt securities.
Certainly there Is no Indication of any
decrease in surtaxes in the present con
dition of the treasury. And Wall street
takes fright every time anyone suggests
some new taxations scheme may be
adopted by congress. Witness the ex
citement over the report that corpora
tions' surpluses would be taxed. So many
good judges believe the demand for Lib
erty 3Vis and the high-grade state and
municipal issues will continue to In
crease. Increased Favor Expected.
Undoubtedly the obligations of the
federal land banks and of the Joint
stock land banks, which are also en
tirely tax-exempt, will meet with in
creased favor from very wealthy In
vestors. While these boat, are not
technically obligations of tAe United
States, the security is so good and the
supervision, of the federal government is
so strict that the .bond ma be con
sidered of the very highest grade.
This same eager donund for the tax
exempt securities has undoubtedly en
couraged extravagance on the part of the
states and -municipalities. This is par
ticularly the case with expenditures for
highways. The Bank of America in a
recent compilation showed that over 34
per cent of the proceeds of existing state
debts had been applied to the construc
tion of i oads. y
South Dakota leads In this classifica
tion. Seventy-five per cent of its gross
state deM has been incurred for the
purpose of building highways. Oregon
is second with 53 per cent, and Massa
chusetts third with 35 per cent. It Is a
question how far this can continue with
out the investor as well as the taxpayer
taking notice.
Railroads are already complaining they
cannot understand why they should
maintain their own roadbeds and pay
taxes thereon while the motor truck op
erates over a road built and maintained
by the state out of the proceeds of tax
exempt bonda. It is very doubtful
whether the movement to prevent further
issues of non-taxable bonds will succeed.
Even If it did the effect would be to in
crease the value of outstanding tax-exempt
securities.
Dried Fruit at New York.
NEW YORK, Oct. 21. Evaporated
apples, dull ; prunes, firm ; peaches,
steady.
Local Securities
WE WILL SKLL:
100 Northwestern Electric 7 pfd.
40 Portland Vegetable Oil Milia Co.
30 Portland Railway, Light & Power
prior pfd.
9 Great Northwestern Livestock.
WE WILL BUY:
20 Multnomah Lumber & Box pfd.
" 25 Pacific Coast Biscuit common.
100 Morgan Building common.
1000 Morgan Building Bonds.
10 Oregon Worsted Mills.
10 Pacific Power & Light pfd.
Our Unlisted and Local Securities de
partment is equipped with facilities for
buying and selling any marketable stock
or bond coming under the above classi
fication. Consult our prices before making your
investment.
Direct private wires to K. F. Hutton
& Co. Members New York Stock Ex
change. s
JORDAN-WENTWORTH &(q
UCOK.SOR, TO iZ
'STOCKS AND BONOtt
201 Hallway Exchnnge Bids;.
Broadway 425.
SUCCESS
In the Stock Market
FORTUNES
Made From Small Investments
Write for Free Booklet,
The MoKt Simple Explanation of
Profitable Stock Trading.
We guarantee you that your money
is safe and that you get a square
deaL
ENNEDY & CO.
Est 1884.
74 Broadway. New York
Members Consolidated Stock
Exchange.
GERMAN BONDS AND
MONEY
' Bought and Sold
TRANSATLANTIC ESTATES
CREDIT COMPANY,
?10 Exchange Bide 2d and Stark.
Market
bund
IRREGULAB
5