r-f
THE OREGON, DAILY: JOURNAL, PQRTL" AND, - WEDNESDAY SEPTEMBER 17, 1919.
PORK PRODUCTS FAIL TO DROP AS QUICKLY AS HOG PRICES T
Edited Jby
H. Cohen
GOV
E
RNWIENT ORDER
STRIPS
EGG
TRADE
OF
EH
SUPPLES
Alaskan Railroad Laborers Are Fed
' Better Than 90 Per Cent or the
People of This Section Forces All
Values to a Higher Point.
The government order for 700 cases
of strlotly : fresh eggs, 400 cases of
which will bo supplied by Portland, as
announced In the morning edition of
The Journal, quickly gave. the fresh
egg trade here an intensely strong torie.
As usual when some firm gets an or
der from the government, competing
nrmaVqulckly advance their buying
nrlcea. thereby adding to tho cost of
living to all concerned.
Just why the soverament DrlU In calling
for inch extremely food and selrcted eggs when
there is little o tlris utork available. Is u mystery
to the trade smerslly. While 00 per cent o
the ueotile o( thin section are compelled to pur
chase eolrl storage eges at this time becaune not
only the liih price for fresh stock-, but tn in
ability of the trade to seeing a sufficient volume.
the government's laborers on the Alaskan ran
roads are given strict ly fresh utock; every egg
being up to a oertain specification, which not
only means higher prices tht the jovernment
mut pay for these goodn. but that the general
imhlin mtut also nar mote than formerly.
In both butter and egg bid for the Alaskan
- com mint Ion the Haielwood company
land was the lowest bidder.
tha hlrtn Hllhmjtletl (in CUES
Armour &. Co., 700 cases I'etaluma, 74.35c
doien.
Camtens Tacking company, 100 cases local
Washington, 75c.
Krye Jk Co.. 200 csm April storage, 58c
Kwift & Co., 400 cases I'etaluma. 72c.
Washington Ilazelwood. 60 cases local Wash
ington. 7.U3c. and 5K cases 79.93c.
Mutual Creamery, 300 cms paraffin stor
age, 67c.
Haaelwood company. Portland. 100 cases
Washington eggs 71c, 100 cases 72c. 100 cases
73c f. o. b. MeattleA
Haselwood company. Portland. 100 cases
Oregon 70 He, JOO cases 7i'ic, 200 cases
73 c, f. o. b. Portland.
Butter bids given tlie government were:
Armour A, Co., 6000 lbs.. 09.43c. Seattle.
Bradner 6c Co.. 17.000 Ins.. . 70c. Seattle.
Haselwood company, Portland, 17.000 lbs.,
67.9Sc, Seattle, and 17,000. lbs., 67.45c, Tort
land. i Kalry produce ranges at Portland Tuesday:
BUTTER
Pounds.
California - 37-???
Oregon .010
Washington 3.932
of I'ort-
Tlie following were
Beet Sugar Men
Grab Profits
Asking 24e Pound More Than Cane
Product Xone Available Here. ,
By Hyman H. Cohen
The local trade is wondering whether
there . is some connection between the
recent refusal of the big sugar interests
to Jnaki further sales of the product
at Pacific coast refineries to other than
cannt-rs, and the sharp advance that is
being asked for beet sugar In the east
ern trade.
While the Pacific coast states are
compelled to go without sugar with
the exception, perhaps, of the commer
cial packers the East is getting Its sup,
plles of sugar, but a very large pet-cent
of the supply consists of the new beet
stock from California. For this tne
trade is being asked on the basis of 2Vic
a pound. more than is being quoted for
the cane production, a condition most
unusual and one that calls for investi
gation on the part of the authorities.
In the meantime many of the smaller
grocers of this city Rnd territory have
no sugar whatever to offer their cus
tomers.
Those desiring special information regarding
any market should write the Market fcaitor
Oregon Journal, enclosing stamp for reply.
tfotal 47,278
CHEESE
Tounds.
California .- -2
Oregon 3,500
Washington 288
Chicago Dairy Produce
Chicago. Kept 17. (I. N. 8.1 Buttci
Receipts, 6907 tutu. Extra first. 5r4o; fir.ts,
4954c. : packing stock, 42 048c.
EC.CS IteceinU. 6221 cases. Current re
ceipts, 38f44He; ordinary firsts. 3940He;
tints. 44 H 045 He; estrs. 45Vi46ttc;
ri;wn. lKZHc; dirties, 28 W 35c.
rMKKSK twins, new 27 r 27 He: dairies. 28
20e; young Americans. 28H29c; longhorns.
4 (a, 2fc ; brick, 32 H .
MVK I'OI'I.TKY turkeys, 30c; chickens. 21
C 2H',,c; springs. 24c; roosters. 17c; geese. 22
ducks. 23c.
Money and Exchange
New York, Sept. 17. Call money on the
floor of the New York Stock Exchange today
ruled at 4 per cent; high. 4 per cent; low, 4
per rent. Time money was easy. Rates were 6
per cent. The market for prime mercantile
paper was quiet. Call money iu Loudon to
day was 3 per cent. Sterling exchange was
weak with business in bankers' bills at $4.12
for demand.
PACKERS FAIL TO
FOLLOW
DECLINES
HOGS VERY CLOSELY
Provisions Are Not Lowered as Much
as Live Pork Although Upward
Movements of Hog Values Are Sure
to Bring Products Higher.
Small declines are shown in the mar
ket for pork products here during the
24 hours, but the changes are extremely
limited as compared with the sharp
losses forced In the price of livestock.
While there has been a drop of ap
proximately 5c a pound in the price of
live hogs in the North Portland yards
since August 1,' the packers have not
been passing this lower price on to the
consumer, and the latter is paying with
in approximately 2c a pound of the
prices paid before the very sharp cuts
in live hog values.
There eeetm to be no disposition among the
packers to follow as closely the declines In the
price of live hogs as they have been anxious
to put up provision values when live hogs ad
vanced. Much complaint is being heard by the
trade regarding the Email changes in prices of
Dork products while there has been such a se
vere cut in the price paid to fanners.
Recently there was a further cut of 1 "4 e a
pound in the price of live hogs here but the
latest price of Uie packers shows a drop of only
about Vic a pound in regular hams, lc on pic
nics, no change in the best grade of lard, while
another grade is off lc a pound.
CITY FACES ACUTE
SHORTAGE OF STUFF
ACCOUNT OF STRIKE
Millfeeds Are Hard to Obtain and
Values Are Hardening No Flour
Shortage in Sight With
Available in Country.
Plenty
N. W. GRAIN
RECEIPTS
-CARS-
Wbest. Bar. Flo. Oat. Hay.
82
73
1978
2495
34
21
1071
1418
54
35
1101
1364
19 5 18
16 6 29
99 423 210 441
279 333 180 727
:: ::: ?
45 . . . 52 229
IT ... 69 S24
1 8 4 10
3 10
81 121 149 394
18 414 140 742
SHEEP ALLEYS ARE
VERY QUIET HERE,
0
WITH PRICES WEAKER
Killers Continue Overloaded With
Supplies and Would Tafce on More
Only at Concessions in Price Other
Lines Are Unchanged.
Seattle Fruit Market
Ssttle, Sept. 17 (II. P) Peaches. East
ern Washington small 40 (ft 00c; Kfbertaa 60
85c.
Pears. Eastern Washington RarUetts, fancy,
$3.00 3.25; ripe. $2.503.00; fall. $2.25.
Liverpool Cotton Market
Liverpool, Sept. 17. (I. N. S.) Spot cot
ton opened in good demand; prices steady. Sales,
8000 bales. Futures opened steady.
Total . 3.91,1
Express. Freight.
Idaho 12
iregon .. 131 2
Washington 18 5
Totals
Crand total
101
1G8
F.fJG BIDS ARK ADVANCED HERE
Bills (or eggs by f. o. b. buyers were advanced
fo 62c a dozen in the local trade during the
day, tills price being offered on a candled basis.
Receipts aSe small, the government report of the
previous day being in error.
CHICKE3T TRADE IS VERT SLOW
Very slow trade to showing in the chicken
market here with a liberal accumulation of hold
. ings along the wholesale way. Most of the
arrivals consist of lightweight hens and these
are more difficult to find buyers.
FANCY TOMATOES HELD STRONG
While ordinary Quality tomatoes is being sold
down to 60c a box along the street, demand Is
good for fancy stuff with sales as high as $1 a
box. Bulk of the good stock is going around
85c$l.
CALVES SOLD AT HIGHER FRrCES
With the sale of calves in the Front street
'trade in a limited way as high as 26c a pound,
another half cent was added to the price here.
Receipts of fancy stock are limited and only the
selected quality brings tho price.
HOGS ARE SOLD AT REDUCTION
Hog market along Front street is weaker and
generally lower with 25c the extreme price
available for even the best quality. Some of the
big buyers were reported as offering no higher
than 24e pound.
BRIEF NOTES OF PRODUCE TRADE
Peaches are slower with prices slightly easier.
No sugar.
I.ocal potatoes are beginning to offer.
Honey prices are.so high that the local trade
la not buying.
Fresh prunes slow sale here. No sugar.
Pear market la good but little fancy stuff
offering.
WEATHER NOTICE FOR SHIPPERS
Weather bureau advises:
Protect shipments during the next 86 hours
against the following maximum temperatures:
Going north, 65 degrees; northeast over 8., P.
Sc. 8'H. R.. 78 degrees; east to Baker, 75 de
grees, and south to Ashland, 75 degrees. Maxi
mum temperature at Portland tomorrow about
70 degrees.
WHOLESALE PRICES IN PORTLAND
These are the price retailers pay wholesalers,
except as otherwise noted:
Dairy Products
BTJTTER Selling price, box lots: Creamery
prime, parchment wrapped, extras, 65c per lb ;
irime firsts. 64c; firsts, 61c per lb.; .-mailer
ots at an advance. Jobbing rrices: Cubes,
extra, 60 ft 61c; prims tints. 59 3 00c; car
tons, lc extra.
BUTTERFAT Portland delivery basis. 67
71c: country stations, 65 (i? 00c lb.
OLEOMARGARINE IOcal brands. 30 60c
lb.; tubs, 82c; 1-lb. cartons. 39ei 2-lb. cartons.
85c; Nutmargarine, 1-lb. cartons, 81e lb.
CHEESE Selling price: Tillamook, fresh Ore
gon fancy cream triplets. 30(fy37c lb.; Young
American. 37 W 38c lb Price to jobben. f. o. b. :
Tillamook triplet. 33c; Young Anirican, 34c.
Selling price: Bricks. 40 W 42c Buying price
of Coos and Curry triplets. 81 He; Young Amer
ica, 83c lb., f o. b. Myrtle Point; block Swiss,
4 8 49c; I.imburger, 40 42c lb.
FfiOH Rovina price: Current reeeinti. 56 (
58o doz.j candled basis, 62c; selling price, case
count, BOWS He; candied, eoe; selects, 63etS4c.
EOGS Public market retail price, 03c d.z.
LrW3 POULTRY Heavy hens, 272Sc lb.;
live hens, 2324e lb.; broilers, 24w28c lb.;
old roosters. 17 18c lb.; squabs. $8.00; ducks,
23 S.fe lb. : pigeons, S1.K0 & 2.00 doz. ; turkeys,
live. 28 30c lb.; geese, live. 15c lb.
Fresh Vegetables and 'Fruit
FRESH FKl'ITS Oranges, $5.75 g 6.75 per
box; bananas. U13 WHC ir id.; lemons. 7.5(
8.60 per crate; Florida grapefruit, ( 1 ; Cali
fornia grapefruit, $5.00 If 0.00 ; cantaloupes,
50c 2.O0: watermelons, 1W1V4C lb.; Califop-
, Stocks, Bonds, Cotton, Grain, Etc
116.117 Board of Trad Building.
Overbeck&CookeCo.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Uembcrt Chicago Board of Trad
CorrepoBdeaU of Logan Brraa
Chloaro Now York
TOCK8 BONDS GRAIN COTTON
J. B. Steinbach & Co.
2012-3 Railway Exchange Bids.
Tots. Mala S83-SS4
Direct Private Wires
fcrnia figs. $1.25 (A 1.50; peaches, 8.'c 9 81.00;
peach plums, 75cA$1.0O; pears. $2.00(K3 00;
f'fdli'ss graies, $2.00 in luu ; Malagas, 9c lb.;
Tokay. $3.00; Mutcats, be lb.; Concord. 30c
basket lbs.
BERRIES Blackberries, $2 00 per crate.
APPLES- -Various varieties, local. 50c $3.00
per box; crabapnles, $1.00 per box.
DRIED FRUITS Dates. Dromedaries, ( ) ;
Fsrds. $8 75 per box; raisins. 3 crown loose
Muscatel. 10c per lb.; figs. $5.00 per box of
50c 0-oz. packages.
ONIONS Selling price to retailers, Oregon
$3.50 per cwL ; association selling price, car
load. (1. f. o. b. country: garnc. Joe; green
onioni. 40c per doz. bunches; Walla Walla.
$3 50
POTATOES Selling pricev $2.75 per
et. ; buyins price for fancy largesee, $2.25;
ordinary. $2.00 per centBl; sweet. 7 i (S be lh.
VEGETABLES Turnir. $2.75 per sack:
carrots, $2.25; beets. $2. 50; cabbage, Oregon,
3 He lb.: lettuce, 65 ( 75e doz : cucumbers.
0Oc$1.25 doz.; tomatoes. 60(n0c box; ege
pltint. 5c lb.; cauliflower (California). $2 25
crate: horseradish . 15c lb.: bell peppers. 12f;
pens, 9c; string beans, 5 & 8c lb.; green corn,
25 (g 35c per doz.
Meats and Provisions
COUNTRY MEATS Selling price: Country
lings, 24(8 250 per lb. for top blockers; best
veal. 2 52c; heavy veal, KlilSc.
SMOKED MEATS Ham. 34l42tec:
breakfast bacon, 3654c; picnics, 20c; cot
tage roll. 31c lb.
LARD Kettle rendered, 34 He; standard.
32c; tierce basis, compound. 27 ic.
Fish and Shellfish
FRESH FISH Salmon, Chinook, 20 21c
per lb.; halibut, fresh, 16(9il8e; tomcod, Sc;
sturgeon. 18520c; fresh herring. 0 7o lb.;
drcscd shad. He lh. : shad roe. 10c lb.
SHELLFISH Crabs. $2.25 6.00 per doz.;
shrimp meat. 52c per lb.; lobsters, 30c per ib.
Groceries
Rl'GAR Cube. $10.30; powdered, $10.25;
fruit and berry. $9.0.": yellow. $9.05; prnnu
lated. 9.S; beet. $9.55; extra C. $9.25;
golden C. $9.15.
HONEY New, $7.50 per case.
RICE Japan style, No. 1, 14c; New Orleans
hesd. 15 He; Blue Rose, 14V4c per lb.
SALT Coarse, half ground, 100s. $17.00
per ton; 50, $18. ."0 ; table dairy, 00s, J2B.50;
bsles, $3.1 9 3.oa ; fancy table and dairy.
$32.50; lump rock, $25. U0 per ton.
BEANS Oregon (sales by jobbers) : Lady
Washington. 7 Vi Se per lb.; pink. 7 Si c lb.;
limas, 14c; bayou, 7 94c; red, 7c; Oregou beans.
buying price normal. j
CANNEU Mll.h. -Larnauon, si.aa; uorden, i
$7.15: Aster. $7.15: Eagle. $11.25: Libby. 1
$7.15; Yelobsn. $7.05; Mount Vernon, ST-1&; '
Sazclwood. $7.3 5 per case.
COFFEES Roasted, 37 S 51c. in sack or
drums. '
SODA CRACKERS In bulk. 17o per Ib.
NUTS Budded walnuts, 85 36c per lb.;
almonds, 31si33c: filberts. 80c in sack lots;
peanuts. 16c; pecans. 25a; Brazils, 35c.
Ropes, Paints, Oils
ROPE SUal. dark. 18V4c; white. 20o lb.;
standard raanila. 23 Ho.
LINSEED OIL Haw, bbls., $2.46 gal; kettle-boiled,
bbl.. $2.48; raw, cases, $2.55; boiled
cases. $2.5S gal.
COAL OH, Water white, in drums or iron
bbK, 11 He sal.: case, 24c gal.
GASOLINE Iron bbls., 23 He; cases. 34c;
engine distillate, iron bbls.. 10c; cases. 26 He.
WHITE LEAD Ton lots. 12ftci 500 lbs.,
12'nc
TURPENTINE Tanks,' $1.91; cases. $2.01;
10-case lota lc less.
WIRE NAILS Basic price. $5.16.
Hops. Wool and Hides
HOI'S Nominal. 1919 crop, C5c per lb.
HIDES No. 1 salt-cured hides, 30 lbs. and
tip, 34c; No. 1 part cured hides, 30 lbs. and
u;i, 32c; No. 1 green hides, 30 lbs. and up, 30c;
No. 1 salt-cured bull. 50 lbs. and up, 25c;
No. 1 nart-currd bulls, 50 lbs. and up, 23c;
No. 1 green bulls, 50 lbs. and up, 21o; No. 2
hides, lc per Ib lees.
CALF AND KIP SKINS No. 1 calf skins up
to 15 lbs., H5c; No. 2 calf skins up to 15 lbs.,
80c; No. 1 kip. 15 to 30 lbs., 50c; No. 2 kip
skins. 15 to 30 lbs.. 4Tc.
DRY HIDES Dry flint hides. 7 lbs. and up.
40cr dry flint calf, under 7 lb-., 80c; dry flint
hull. 26c; dry salt bide. 7 lbs. and up, 24c;
dry salt calf, under 7 lbs.. 74c: dry salt bulls,
2 lie : dry cull hides and skins half price
HORSE HIDES-Large. good take-off, with
heads on, from $5 to $10 each; small or poorly
taken off, half price; hides with heads off. 50c
leas.
PELTS Dry long wool pelts, per lb.. 36e;
dry medium wool pelts, per lb., 30c; dry shear
ling pelta, 50c ( $1.00 each; salt long wool
pelts, $2.00 3.50 each; salt medium wool pelts,
$1.50(3 2.50 each; salt shearling pelts, 50c
$1 00 each.
MOHAIR Long staple, 45c per Ib. ; short
staple, 30c per lb.
TALLOW AND GREASE No. 1 tallow. 13c;
No. 2, 12c; No. 1 grease, 10c; No. 2 grease,
8c per lb.
CHITTIM OR CASCARA BARK New peel.
11c ver lb.
WOOL Vallty half blood Merino and Shrop
shire. 50c; Cotswold and Lincoln, 40 (a. 45c;
matted Cotswold. 30 35c; timber stained, 5c
pet lb. leas; lambs' wool 4c per lb. less.
Eastern Oregon, Eastern Washington and
California Wool Merino and Shropshire, 85
40c; half blood Merino and Cotswold. 37 42c;
Shropshire, 87 42c: Cotswold snd Lincoln,
straight and mixed, 323oc; bnrry, 5e per lb.
less: lambs' 4c per lb. less.
Fine Wools Merino combing and carding
grades. 30 a5c.
FLOUR Selling price, old crop: Willamette,
$11.60; whole wheat flour 3X0.25: Willamette
valley. $11.35: locsl Mraight. $1 1 25 8b 1 135 :
bakers' local, $10 90 011.10: Montana spring
woeat patents 111.10; rye flour. $10 10; oat
meal. $18.00; traham,' $11.00. Price for city
delivery in iive-barrel lots.
HAT Buying pnee, new crop: Willamette
timothy, fancy, $27.00 28.00; Eastern Oregon
Wahinirton fancy timothy. ( ) ; alfalfa. $30.00
082.25; valley vetch,, $22.00; cheat. $19.00;
straw, $S00 4f9.00; clover. $22.00 23.00;
grain. $18 50.
GRAIN SACKS Normal. New crop, delivery.
No. 1 Calcutta. 17c in car lots, lesa amount
higher.
MILL8TUFF8 Mixed run at mills, satied.
$87.00 37.50.
ROLLED OATS Per ton. $60.00 61 00.
ROLLED BARLEY Per ton. $67.00
68.00.
CORN Wholes 7.00j cracked, 81.00. -Merchants
Erchaagaxfcids,;
Steel Is Affected
By Labor Troubles;
Sharp Fluctuations
0L08E It NERVOUS
New York, Sept. 17. (I. N. 8.) There- was
a nervous undertone to the stock market today,
with ths majority of the Issues showing sharp
declines due to the meeting of the steel labor
leaders In Pittsburg to perfect plans for strike
In the steel Industry.
United States Steel common after rallying to
above 105 declined to a closing of 103',. Mexi
can Petroleum sold off to 212'i. At the end
at the day's trading some stocks sold at new
low records for the day. Bethlehsm 8tel B,
from Its high of above 99, reacted to below 86,
recovering at the end to 86. Baldwin Locomo
tive was finally ISI's; Crucible, 183',; Stude
baker, 117; American International, 100;
Marina nfrf 11a'.: General Motors. 240 .
New York. Sept. 17. (I. N. S.) Weak
ness was displayed in many i.'ssues At the etock
market opening today, but shortly after the
start concentrated buying of the steel issues
sent prices on this group up from 1 to 3
points.
Steel common yielded Ts at the stArt to
104 and then advanced one point. Bethle
hem Steel B. after yielding to 96 H . advanced
to 99 H and Baldwin Loco., from 134 advanced
to 135. American Loco, yielded T at the
opening to 109 H with a quick rally of one
point. Pressed Steel Car advanced over 2
points, to 96 Vi. and Lackawanna Steel 2
to 88 H.
The Marine lstues were under pressure, Ma
rine pfd. falling 1 V to 119: Marine com
mon 1 to 00, and American International
one point to 102 H.
Mexican Petroleum advanced 24 to 218.
while Sinclair, Pan-American Petroleum awl
Royal Dutch rose fractionally.
American Can advanced one point to 58 H.
and American Tobacco 4 to 260 W. The
railway stocks were quiet and fractionally lower.
Later a nervous tone developed, with interest
attached to the steel meeting at Pittsburg. There
were some sharp reactions in the .steel issues.
Baldwin dropped nearly 3 points to 132H.
Bethlehem' Steel B 1 to 97 and Steel com
mon 1 to 104 H.
The motor issues became strong. General
Motors rose f. H to 244 . Studebaker 2 H to
I20H and Pierce-Arrow 2 to 63 H . Trans
cnntinenal Oil advanced nearly 2 points to 58.
Marine common fell 2 to 59 and the pre
ferred 2 H to 118.
Range of prices furnished By Overbeck &
Cooke Co.. Board of Trade building:
Portland, -Wed.
Year ago
Season to date .
Year ago
Tacoma, Tues. .
Year ago
Season to date .
Year ago
Seattle, Tues. . .
Year aga
Season to date
Year ago
Portland ia facing an acute 6hortage
of millstuffs as a result of the continued
strike in the flouring mills of this city.
While there Is not likely to be any flour
shortage here, because stock can easily
be shipped from other places, millstuffs
are even more badly needed In the other
milling centers than here, therefore none
are likely to be shipped here.
Coarse grains continue extremely quiet with no
change in values at country points, although
there is not enough business passing there to
establish prices.
Trade in the hay market locariy is asm oat
atagnant but prices are held unchanged.
FLOUR Selling price, old crop: Willamette.
$11.60; whole wheat flour. $10.25; Willamette
valley, $11.35; local straight, $11.25 011.35:
makers' local, $1 0.90 1 1.1 0 ; Montana spring
wheat patent. $11.10; rye . flour, $10.10; oat
meal. $13.00; graham. $11.00. Price for city
delivery in five-barrel lots.
HAY Buying price, new crop: Willamette
timothy, fancy, $27.00 28.00 ; Eastern Oregon
Washington fancy timothy. ( ) ; alfalfa, $30.00
32.25: valley vetch. $22.00: cheat. $19.00;
straw. $8.00 9.00; clover. $22.00 23.00 ;
grain. $18.50.
GRAIN SACKS Normal. New crop, delivery.
No. 1 Calcutta. 17c in car lots, less amount
higher.
MILLSTUFFS Mixed run at mills, sacked,
$37.00 (a 37.50.
ROLLED OATS Per ton. $60.00 g 61.00.
RpLLED BARLEY Per ton. $67.00
68.00.
CORN Whole. $79.00: cracked, $81.00.
Merchants' Exchange bids:
FEED OATS
Kept.
No. 3 white 4950
BARLEY
Standard feed 6000
CORN
No. 3 yellow 5900
Eastern oats and corn in bulk:
OATS
36 Ib. clipped 4600
38-lb. clipped 5000
CORN
No. 3 yellow 59000
BARLEY
No. 2 5400
CORN
December. January.
3 yellow 53Hb55a 53Hb55a
PORTLAND LIVESTOCK RUN
Hogs. ' Cattle. Calves. Sheep.
Wednesday 233
w eek ago
Two weeks ago. .
Four weeks ago.
Year ago
Two years ago. .
Three years ago.
Four yeais ago. .
233 150 .. 129
6 48 28 117
114 SO 123 695
46 131 7
490 158 .. 236
690 100 8
559 293 . . 567
383 68
Rush to Buy Is
. Cause of Sharp
Advance in Corn
I ESCRIPTION:
Oiwn I High 1 Low Close
Allis Chalmers . . . .
Allow Steel
Am. Ag. Che m. . . .
Am. Beet Sugar
Anu Can, r
Am. Car Foundry.
Mn. Cotton Oil . .' .
Am. Hide & L., c. .
Am. Linseed, o. . . .
Am. Ixico. , c
Am. Smelter, c. . . .
Am. Sleel Fdry
Am. Sugar, c
Am. Sumatra Tob. .
Am. Tel. & Tel
Am. Tobacco
Am. Woolen, c . . . .
Am. Zinc
Anseonda SI. Co. . .
Atchison, c
Baldwin Txico., c. . .
Balto. & Ohio, c. . .
Beth. "Steel. B.
Brook. Rapid Tran.
Butte & Superior .
Calif. Packers' Assn.
Cal. Petroleum, c.
Canadian Picific . .
Central Leather, c.
Cues. & Ohio
C. Gt. Western, c.
C, M. & St. P
Chile Copper
Chino Copper
Continental Can . .
Colo. F. A I
Consolidated Gas .
Corn Products, c. .
Crucible Steel, c. .
Cuban Amer. Sugar
D. & II. G., c.
Erie, c
Gen. Electric
General Motors. . . .
Uranby Cons
Gt. Northern. Ore.
Gt. Northern Ry..) 85
Greene Cananea.,.,1 42
Gulf States Steel,.
Ice Securities ....
Indus. Alcohol. . . .1137
Inspiration Copper. 60
Int. Harvester 133 H
47
52
97 H
86 H
564
135
5
36 V
76
109 H
77
40
129
92
101 H
260
117
224
68
0
134
96 H
25H
26
70 Vs
53 H
151 H
100
57
10
43H
23
43
95
44
94
87 H
187
83
4 8
52
97H
86 H
5S
136
5H
36
70
110
77
40
129
!l
47
51
97H
86
56
132
56
34 74
75
105
75 H
129
89 Vi
4 H'
51
97
85
56 H
133 H
5
34
75H
104
7
Oct.
5000
6100
5950
4600
J050
Nov
500r
6150
5000
4 650
5100
550 5500
5450 5500
There wan a small run generally In
the livestock market for the day's trad
ing at North Portland, but no price
change was shown at the Immediate
start of operations. Hogs and cattle
were fairly steady, but sheep were weak.
While only a few head of stock arrived in the
mutton and lamb alleys at North Portland. ,there
was a noticeable lack of demand from killers for
stuff. Sheep butchers appear to be heavily over
loaded with stock at the moment, and are there
fore not disposed to take on additional Btock ex
cept at reduced figures.
General sheep and lamb range:
Eastern Oregon lambs $1 2 50 1 3.00
Valley lambs .' . . 11.00(36 12.00
Yearlings ' 7 50 ( 9.0(
Wethers 7 00 8.00
Ewes 5.00 US 7.30
No Change In Hogs
While at the start of the day dullness was
generally apparent in the swine alleys at North
Portland, prices in general were considered fairly
steady. No sales were made at the immediate
opening of the market.
General hoz marke range
Prime mixed
Medium mixed
Rough heavtes
Pigs
Bulk
Catt'e Run Is Moderate
Mnderate run was shown in the cattle alleys
for the day at North Portland. Total supply
was 160 head, compared with 4 8 last week. 158
head a year ago. Prices in general were un
changed. General cattle range:
Best steers im.Mimii.nu
Good to choice steers
Medium to good steers
Fair to good steers
Commun to fair steers
Choice cows and heifers
Good to choice cows and heifers
Medium to good cows and heifers
Fair to medium cows and heifers
Canners
Bulls v
Calves
Btoikers and feeders
Tuesday Afternoon Sales
LAMBS
No
7.
By Joseph f. PHtchard
Chicago. Sept 17. (L S. B,) Early this
morning there was a sharp aptnre in grain,
because of the ultimatum of farmers that they
would bold grain en the farm until prices at
terminal markets bad advanced to a much
higher level than at present. Late in the
session the labor world, as represented by the
steel and iron workers, daliverd their utllms
tum, that they will adhere to their threats of
strike unless the cost of living; is mlterially
reduced. The close in the grain markets indi
cated a victory for the labor world, with corn
prices showing net losses for the day of (S 2c,
excepting for September, which was 3(g)4c
higher, and oats recessions of lHlc.
Provision prices also closed at net losses for
the day. .
Chicago,' Sept. J7. (I. N: ft.) There- was
a rush ef buying orders in con. today and the
prices shewed a sharp advance. September corn
was 6 e to 8 c higher than the previous
close, while stay showed a gain of 1 to 2 c.
The incentive for buying was the announcement
that a farmers organisation would cooperate
to bold bavk grain on farms until higher prices
were made.
Trade in oats was limited ana opening prices
showed gains of He. Local traders were
the Lest buyers, following up the advance in
corn.
Provisions started strong in sympathy with
the gfains and because of the firmer feeling
in the hog market.
Chicago range by United Press:
CORN
Open. High. Low. Close.
Sept. 147 149 143 144 H
Dec 125 12H. 121 121
Msy 122 124 119, 120
OATS
Sept. 67 H 67 68 65 H
Dec 70 70 7 07
May 72 .72 70 70
PORK
8477
feadess steady, ethers weak, westerns stsaoy. Beef
steers, choice and prime. $16.00 17.75; medi
ans and good. $11.0011.0; good aa4 choice,
114.00917.75; common and medium. $8.00
13.75; butcher-cattle, heifers. $8.503 14. Tli
oowe. $8.25 13. o: bulls. $6.80 6 11. .80 :-
Mmis and cutters, oowe and hellers. S.as-ico;
eaaner Steers, .T a .-.' ; veal caivea, iiauv
and hsndyweight, $20.25 21.50; feeder steers.
$7.00012.25: stocker steers. B.oajiu.vu;
stocker cows and heifers.
C6.00A8.00: stocker
calves, $8.00 10.00; western range eattle. beef
steers. $10.75 15.00; cows and heifers. $7.50
013.50.
Sheep Receipts. 34,000; low and mostly 2c
lower. Lambs, 84 lbs. down. $1 8.00 13.8 ;
lambs, culls and common. $7.50 13.76 ; year
ling withers. $9.50 W 41.50; ewes $6 .75 f
8 00; ewes, culls and common, $2.00(3 6.50;
breeding ewes. $7.06 IS. 50; feeder lambs,
fll.0013.00.
Denver Hogs $16.15
Denver. Sept 17. (U. P.) Cattle Re
ceipts. 2800; steady to 85o lower. Steers,
$10.00 IS. 00; cows and heifers, $7.60 9.00;
stackers and feeders. $7.50 11.00; caivea,
$9.00 914.00.
Hags Receipts. 400; steady. Tops, $16.15;
-sulk. 815.H0 S 16.00.
ghtep Receipts. 12.000; steady. Lambs.
$1.014 25; ewes, 17.00 9 Ml, fd
iambs, iio.ee&ii.eo.
Kansas City Hoes 170 '-, -
Kansas City. Bept. 17. (I. N. H.1 -"Cattle
Receipt. 18.000; steady to lower. Steers, 8 0
W 17.00; cows and heifers. $8.09 14.60 i
ttorker and feeders. $9.00 13.00; calves.
$9.00 17.00.
Hogs Receipts, 6060; steady to 15e higher.
Tope, $17.40; bulk. $16 28 tj 17.28; heavies.
$ 16.25 17.00; mediums, $1680917.40
light. $16.25 .17.40; pigs. $15.00 17.10,
Sheep Receipts, 15.000; steady. Lambs,
$14.00 16 25; ewas, $7.0087.60.
Seattle Hess 818.80
Seattle, Sept. 17 tl. N. ;Hjalto.
ceipts, 178. stdy. Prime lights. $17 50 18.60 f
medium to choice. $16 17c; rough heavies,
$1516; pigs, $13 a 16.50.
Cttle Receipts, 180; steady. Beet iteersi
$10 30 & 11.25: medium to choice. $t10
common to good. $6$ 8; best cows and. heifers.
$7.25 0 8; common to good eows, $5 f7.50;
bulls, 5(7.60; calves. 17 14.
Sheep Receipts none.
St. Louis Metal Market
St. Louis. Mo. Sept. 17. (I. N. 8 Lea
steady at 8 06.10
Zino unsettled. 7 007.20.
.$17 00(817 50
. 17. OO0I17. 25
15.00 (on 15.50
! 14.6015.00
. 17.25 JP 17.50
Oct.
Oct.
Jan.
Oct.
Jan.
.2580
.2285
.2040
.1852
LAW)
2505
2300
RIBS
2050
1875
2503
2282
2000
1837
2505
2282
2000
1837
AMERICAS LIVESTOCK PRICES
No.
BOSTON COPPEB MARKET
Overbeck A Cooke Co.. Board of Trade build
ing.
-Closing-
9 50 ( 10.25
X..V H.OII
7.50 a 8 25
6.00 7.00
8.00 9.00
7.00 7.50
.roi 7 oo
5.00 a o.oo
3.00 ( 4?50
5.00 " 7.00
R 00 S 14.00
6 9.00
Omaha Hega $16.76
Omaha. Sept. 17. (I. N. S.) Hogs Re
ceipts, 6000; steady to 25c higher. Bulk,
fie.OOfff 16.25; topi. $16.75.
Cattle Receipts. 12.000; western beef steers
strong, butcher steers mostly steady, stocker snd
feeders slow til 25c lower.
Sheep Receipts, 41,000; killing grades
strong, fteders slow snd steady;
Chicago Hogs $18.10
Chicago. Sept. 17. (I. N; 8.) Hogs Re
ceipts, 11,000; uneven, evcraging strong with
yesterday's general strike. Tops, $18 10; heavy
weight, $lo.00 17.60; medium weight, $16.50
W 18.00; lightweight. $16. J& j lb. 10; light
lights. $1 6.00 (q 1 7.00; heavy packing sows,
smooth, $ 1 5.25 1 5.75 ; pacicing sows, rough,
$14.50 15.00; pigs, $15. OO&i 17.00.
CstUe Receipts. 12.000; beef steers and
buteher steers steady, caivea 25c higher; best
EXEMPT FROM ALL FEDERAL INCOME TAXES
$ 1 24,000.00
City of Buhl, Idaho
6 General Obligation Bonds
The city of Buhl.'ldaho, is situated In tho heart of one of Idaho's
lfrWculturJ -octlons. H is arrowing and ProuS com-
ity, ana we are jjiem.cu iu .
mun
au.u Rate Maturltell
65,000 Buhl. City of, Idaho. Water 6 JiD l0-3
23.000 Buhl, City of. Idaho, City Hall J&D 1BS1-39
32.000 Buhl. City of. Idaho. Intersec. 6 J&D ln-Js
14,000 Buhl. City of, Idaho. Fire 6 J&D 19S1-SJ
Prices: To Net S.20
Yield
6.20
6.20
&.20
5.20
LIBERTY AND VICTOKY BONDS
l ySU CBwO SS
Today s opening New York market prices are as given below. They are tho
governing pneo, for Libtrty snd V.ctory bond. .11 over the world. the highest
We suvertise these prices daily in order that you may always know the New lort
market and the exact value of your Liberty and Victory bondsi
1st 2nd 1st 2nd 8rd 4th Victory Victory
it. A. 4. 1 4V.S Oil 4a 8s 4s
..100 00 94 84 93.13 95.28 93 28 95.20 03 28 U0.88 99.88
.83 1 02 1.38 1.00 1.44 .u- j.iw J " -
Market prices. . .
Accrued interest. .
Total ...100.89 95.86 94.48 00 87 94. 72" 95.22 95.07 101.08 lOl.sa
WneV buying we deduct 87c on s $50 bond and $2.60 on a $1000 bond.
We sell at the New Yurk market plus the accrued ItiUrest
Burglar anvl Fireproof Bate Deposit Boxes fee Went , ,
MORRIS BROTHERS, INC.
THE PREMIER MURIOIPAL BOND HOUSE CAPITAL ONE MILLION DOLLARS
SffiMwla Blldfl.. aos.ll wsara ww. w..,
Telephone Broadway 11
Established Over a Quarter Century
89U89H
129
00
101 !101 101
163
118
22
68
90 H
135
99 93
25 HI 23
26 26
71 69
53HI 51
151 Hil49 150
16
239
68 H
44 H
244
68
44 H
85
42
Int. Mer. Marine, c.
Inu Nickel
K. C. Southern, c. .
Ker.necott Copper. .
Lackawanna Steel. .
Mcx. Petroleum . . .
Miami Copperd . . .
Midvale Steel
Missouri Pac c. . . .
National Lead . . .
Nevada Con.
New Haven
N. Y. Air Brake . . .
N. Y. Central
Norfolk os Western .
Nqrthern Pao. . . .
Penn. Railway . . .
Peoples Gas
Pittsburg Coal, c. . .
Tressed SO, Car, c.
Pullman
Ray Cons. Copper . .
Kail. Stl. Springs . .
Reading, c
Rep. Iron A S. C. .
Rock lal. e
Sbattuck Copper. . .
Southern Pac
Southern Rly c. . . .
Studebaker c. . .
St Louis & San Fra
Swift & Co.
Tenn. Copper . .
Texas Pacific . . ,
Tobacco Products
Union Pacific c.
United Cigar "Storesl
United Food Prod.
U. S. Rubber, c. .
U. S. Steel, e.
do pfd
Utah Copper. . . I . .
Virginia Chem., e.
Western Union.'. ..
West'house Flee . . ,
Willys Overland. . .
60
25
18
35
87
215
52
28
80
18
82
123
73
100
88
43
64
94
121
23
igo
IP
25
14
102
25
118
18
126
1S
51
101
122
85
157
115
22 H
87
90
130
162
110
22
67
90
131
40 H
95
25
25
70
51
100) 98
57 56
11 10
43H 42
23 23
43 HI 43
96.
45
94
87
188
33
16
94
44
93
85
183
32
15
237
68
43
84
42
137 H
,60
33
60
26
18
35
h9
218
52
28
80
18 !
32
125
73
106
86
43 H
64
06
122
23 H
104
80
95
25
14
102
25
120
18
126
18
61
102
123
86
I115HI115H
. .iu hosts
11 111
88 85
81 I 81
80 I 86
68 J 65
33 34
99
58
10
42
23
42
84
44
93
86
183
82
10
15
164
240
66 H
43
85
42
60
45
133
59
131
58
25
18
35
83
212
50
27
79
17
51
124
72
99
86
43
43
63
04
121
23 H
100
78
92
24
14
100
24
116
18
125
13
50
100
122
175
85
133
58
130
56
25
18
85
83 14
209
50
27
80
17
1
123 H
72
89
86
43
68
93
121
23
100
78
91
24
13
100
24
116
18
125
18
49
99
122
84
11341114
1US 1103 V4
113HI113H
83 83
81
86 .
64
82
81
85
54
33
FRAJTC CHECKS HAKE A
STEW LOCAL PRICE RECORD
New York, Sept. 17. (TJ. P.) Demand
sterling on the money market . opened at
$4.12, off , and within of the low
record made August. 20.
Franc checks made a new low record at the
opening today, touching 9.24. off 4 centimes.
Lire chocks were off 4 - centimes at 10.17.
New low . records were also mads ia marks. -
Bid. Asked.
Adventure 1 2
Ahmeek "8 81
AUouez 42 43
Americau Zinc 15 15
Calumet & Ariz 74 74
Calumet & Hecla 420 425
Centennial 17 17
Copper Range 62 53
Daly West 3J 3
East Butte 15 1 5
Granby 88 88
Hancock 0 7
Indiana 1 1
Me Hoyale 35 35
Kerr Lake 4 4
Keweenaw 1 1
Lake ". 6
La Salle 3 3
Mason Val 2 3
Mass. Con 9
Mavflower 8 9
Mohawk f.! H
Nipissing 11 1 1
North Butte 1 16
Old lom. '. 42 42
Osceola 59 CO
I-ond Creek 22 23
Uuincy 68 70
Santa Fe 20 21
Shannon 2 2
Sbattuck .i 13 )5
South Lake 2 2 H
Trinity 1 2
Utah Com. It's 10
Victoria ' 3 4
Winona 2 2
Wolverine -25 25
CURB LIST
Chief . t 3 3
Goldfield Cons 12 17
T. Belmont 2 3
GOOD RISE IS FORCED
EARLY IX COTTOX PRICE
New York, Sept. 17. (I. N. S ) The cot
ton market opened steady today with October
5 points lower and other months 3 to 11 points
higher. Buying by spot interests featured early
trading.
Shortly alter the start prices rose 32 points
over yesterday's close. At the end of the first
15 minutes the list was steady at a net rise of
25 points.
January
February
March . .
May
August . .
October .
November
Open. -High. Low. Close.
3035 3062 2960 2975
2980
3050 3078 2970 2986
3055 8068 2975 2988
3030.. 2984 2987
3C10 2939
2999 3038 2033 294S
2955
8040 3062 2957 2975
New York spot market
3000.
60 points down at
DAIRY PRODUCE OX THE COAST
8 eattle Market
Seattle. Sept. 17. (U. P.) Butter Local
country creamery, cube. 64c; do bricks, 65c.
Eggs Local, strictly fresh, 70c; pullets, 55c;
storage, 56 (ft 58c.
Cheese Washington triplets, 34 35c.
San Francisco Market
Ran Francisco, Sept 17. (U. P.) Butter
Extras, 04e.
Kcrs Extras, 68c: extra pullets, 69c; un
dersized pullets. 40 He
Cheese California flats fancy, 37c.
Los Anodes Market
Los Angeles. Sept. 17. (L N. S.) Butter
California creamery, extras. 63c.
Eggs Fresh, extras, 58c; case count, 88c;
pullets, 49c.
Live poultry Hens, 27 34c; broilers, 34c;
fryers, 31c.
POTATOES ALL ALOXG THE COAST
Seattle Market
Seattle. Sept. 17. U. P.) Potatoes New
crop River White $2 00(g) 2.50; sweets 4c per
pound on street.
Onions Yellow snd white. $2.25 per cental
Australian brown. $2.50.
Seattle Market
Seattle, Sept. 17. (I. N. S.) Onions
Walla Walla, 3 c lb.
Potatoes Yakima Gems, new, $55 per ton;
local Rose 2, white, 2 H c ; sweets, 7c per lb.
Los Angeles Market
Los Angeles, Sept. 17.- (I. N. S.) Pota
toes Stockton Burbanka, resorted, new, $3.10
3.25; others. best, $2.753.00; poorer,
$2.25 2.60.
Xow Tork Metal Market
New York. Sept. 1711. N. S.) popper
auu; spot ana sept, zi (S ' z ; icc zi 9
22; Nov.. 22 22 ; Dec 22 22;
Jan. and Feb. 22 23 . -
Lead, steady; spot and Sept., $6.00 8.20;
ucr. ana nov.. sa.uowu.iu; uee. so. 10 0.30.
spelter weak; spot Kept, andl Oct.. otd.
7.20; Not., ofd., 7.80; .Dec ofdi 7.S5; Jan.
old, 7.45. 1
San Francisco Cash Grain '
San Francisco, Sept. 17. (B. P.) Cash
grain. Barley spot feed, per cental, $3.00
3.05; shipping, $3.07 3.12 .
Oats Red feed, $2.85 2.95 per cental;
seed prices $3.00 3. 1; black seed, $3.00
8.10.
Xew Tork-Loidon Silver
New York. Sept. 17. (L N. 8.) Commer
cial bar silver is unchanged at $1.13 te.
London. Sept. 17. (L N. 8. ) Bar salver as
-mcnangea at si o.
1 1
11. .
7.
18.
191 .
15
1 .
1 . . .
8. . .
29 . . .
1 . . ,
1 . . .
3. . .
o
7 . '. .
26...
1 . . .
1 . . .
8 . . .
6. . .
3 . . ,
li . . .
1 . .
1 . . .
1 . .
1. .
30. .
o
3 1 '
17. ,
1.
13. .
10 . .
6 .
l!
37 .
29 .
lo .
17.
1 .
17.
10.
9.
0.
8.
Av. Lbs. Price. No. A v. Lbs. Prv-e.
08 $10.00 I 3 .... 1 13 $10.00
75 Mono 1.... 70 10 00
55 10.00 ' 2.... 80 10.00
"'. 40 10.00 11.... 82 10.00
. 80 10 00 5.... 72 10.00
... 69 8.00 178.... 75 10.50
71 10.50
EWES
. 85 7 00 I 13 .... 85 6.00
120 7 50 I 3 100 6.50
. . . . 115 7.50 I 116 128 7.50
WETHERS
. . . . 130 8 50 I 1 . . . . 90 8.50
BUCKS
100 $ 5.00 I
STEERS
. t046
. 1050
. 8(10
. 1080
. 900
. 910
. 885
. 940
. 1020
9 50
9.00
9 00
8.50
5. SO
8.51)
8.75
8.75
9.50
24 . . ,
14 . .
9. . .
1.'.
11." .' '.
10. . .
. 10SO
. . 770
. 900
. 1040
. . 898
95 0
. .1070
COWS
10.
6.50 I
8.00
8.2 5
9.00
5.00
0.7T.
coo 1
CALVES
80 $10.50 I 1
210 12.00 3
470 6.00 i
MIXED
795 6.00 I
HOGS
.1050
.1220
. 10;0
. 950
. 810
. 870
. 885
. 881
. 840
. 880
. 1 100
.1040
. 795
. 981
9.50
8.00
0.50
9.50
7.00
7.00
8.75
8.75
?50
7.0O I
7.00 I
8.00 ;
Q 1 n
8.00
250 $1 f. mi
2Mi 17.50
200
251
850
240
259
202
285
320
21S
182
152
231
2S0
241
244
242
17.50
16.25
15.23
18.25
16.50
17.50
15.50
15.50
17.50
17.50
18.50
17.50
17.00
16.50
16.05
15.50
15.50
17.50
10 . . .
1 . . .
14. . .
1 . . .
3 . . .
e!:::
0 . . .
4. . .
3. . .
ft. . .
2 .
17." '. '.
8. . .
9. . .
2 .
14 ". '.
2. . ,
90 $13.50
230 14.00
22c $1 7 r.o
240 17 50
340
233
245
225
2(15
225
li!5
220
185
255
210
306
235
170
155
150
No.
11
Wednesday Morning Sales
STEERS
Ave. lbs. Price. I No. Ave. lbs.
. . .1103 $11.25 I
10.00
16.25
17.25
15.25
17.50
17.35
15.50
15.50
17.50
16 50
16.50
IB. 50
10.00
17.5)
16 25
15.50
15.50
price.
Tin Cans Scarce
lloseburg. Sept. 17. The Roseburg can
nery will be compelled to close down for a
short time owing to a shortage of cans. The
Sutherlin cannery is also confronted by aMiort
age. One carload of carta was received her
yesterday, but three carloads are needed to
handle the fruit now ready.
Xew Tork Suear and Coffee
New York. Sept. 17 Coffee: No. 7
15 c; No. 4 Santos, 25 c.
Sugar Centrifugal, $7.28.
Rio,
Chicago Potato Market
Chiearo, Sept, 17 Potatoes Receipts, 132
csrs. Minnesota, Dakota and Ohios, $2.00
2.40. t
Xaral Stores Market
New York. Sept. 17. (I. N. 8.) Turpen
tine Savannah, 166; New York. 173.
Rosin Savannah. 1725; New York, 1610.
Minneapolis Flax Market
Minneapolis, Sept. 17. (L N. S.) Flax
seed. $4.82(3 4.86; April. $4.56 4.58; Sep
tember. $4.80 4.84.
New Steamship Line
Will Operate From
Oakland to Orient
San Francisco. Sept. 17. (TJ. vP.)
Captain Robert Dollar, steamship mag
nate, today announced hia Intention to
begin operation of a fleet of large
freighter between Oakland and the
Orient ontctober 1. The Grace Dollar
will be the first to clear Oakland's west
waterfront, followed by the 11. S. Dol
lar, the largest freighter afloat.
This will be Oakland's first direct
steamship line to the Far East.
Armour Co. Must
Face New Charges
Milwaukee, Wis., Sept. 17 t U. P.)
warrants charging- Armour & Co. with
SI- violations of the cold storage act
were Issued Tuesday by District Attor
ney Zabel. The warrants charge that
more than 100,000 pounds of meats were
stored at the plants of the Mansfield
Cold Storage company and the Wiscon
sin Cold Storage company in Milwaukee
for periods exceedirrg'ono year.
g
Cumulative and Participating Preferred Stock
of -A
Prosperous Washington Corporation
TheChurchMfg.(GrapeJiiice)Co.
Kennewick, Washington
We ofer at par of $100 per share, installment payments if desired,
The Unsold Portion $69,000 of Total Issue of
B
s,ooo
"Preferred as to Dividends and Assets Dividends payable August, each
year. Redeemable at $110 and accrued dividends after January 1, 1925.
Dividends of 10 Will Be Paid
in any year when net earnings equal lo per cent of all outstanding stock ($250,000.)
10 Dividends Were Paid This Year
Net earnings of the Company in 1U1T and 101H, if applied to dividends, would
have paid on all authorized Preferred Stock ($125,000).
Average Annual Dividends of Wyo
When the present offering of $69,000 of Preferred Stock has been sold, the com
pany will have outstanding all its authorized capital stock ($125,000 commqn and
$125,000 preferred), and its net tangible assets, including vineyards, improved city
property, machinery and equipment, will then total $225,000, or
Assets of $180 Per Share of Preferred Stock
Proceeds from the sale of this stock are being invested in the
New Buildings, Equipment and Vineyards
required to meet the demand for Church's Grape Juice, Apple Cider and other fruit
products. -
Safeguards and Privileges of Preferred Stock
1 it has first claim on the net earnines for
dividends of 8 each and every year before
any dividends are paid on the common stock.
2 It participates with the common in the
ratio of 1 to 2. in all distributive earnings
above &.
3 It receives not less than. 10 dividends
in any -year when the net earnings equal
15 of all the out tending stock.
4 it will acauire votjne rights equal to the
voting rights of the common stock if divi
dend payments arc ever in default for six
months.
5 -The company's properties are now free
from encumbrances and no mortffsfe csn be
placed on sny of those properties without
the consent of 75 of the outstanding Pre
ferred Stock.
6 No Preferred stock in excess of a total
of $125,(700 can be issued-without the con
sent of 75 of the outstanding Preferred
stock, unless the company's net assets equal
200 of the par value of all Preferred stock,
outstanding and to be issued.
7 In case of voluntary liquidation of the
company, the Preferred stock will receive
from the assets lio per share and accrued
dividends.
i
Bank References of the Church Manufacturing Co.
O. A. FECHTER. President of Yakima Valley Bank, Yakima
L. E. JOHNSON President of the First National Bank, Kennewick
ALLEN H. REYNOLDS, President of the Farmers' Savings Bank, Walla Walla
The amount of this stock promptly purchased by bankers and business men of
Yakima, Kennewick and Walla Walla indicates that the remainder will be quickly
subscribed. If you desire an interest in a most promising business, send your sub
scription immediately. Subscriptions may be telephoned or wired at our expense.
Descriptive circular mailed upon request.
Pacific Financing Corporation
, Fletcher Linn, President I
SPALDINO BUILDING, PORTLAND OREGON