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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Nov. 2, 1919)
EXTREME PRICES CONTINUE IN THE PRODUCE MARKETS Edited by" Hyman H. Cohen NIER WHEAT AREA NORMAL PACIFIC NORTHWEST IS ABOVE Initial Reports of, the Planting Tell of Excellent Conditions In Acreage and Snow Covering Is Aid Flour .Purchases Smaller. ln!tta! reports received by The Journal ijtroni ltt special and private correspond nta . are to the effect that the wheat planting for the fall-winter months to dte In.above the. normal, for the Pacific fiorthweat. Condition or the planting t a Uo unusually favorable, there being a ' good coverinff of snow reported in iiw'me sections, where the weather has turned cold. ' The snow covering has Kino been shown in the light land sec tion of Ontral Oregon, where It, has twsen gratefully received. Cub wheat market bu continued 1U formr strong premiums and in instances a fur- dher fracOonal advance nas wra notw tor psro. .vcrietiaa. Movement has not been hear? be- of Ui limited offerings. -Coarse- .ruins war firmer on the Portland Vmhuto' Kxehang during th wi in vm- pathy with the Chicago trad. Feed oats elwed tb Vwk with bMa 11 no a ton advanced, wiiito tndard feed barley wa up 50o and No. 3 blue tincliaagea List week' advance in hay prloe were main- fined during tlie present week with the trade toady- to atrong. l'uroha of appro xlmately 600,000 barrel of fftuir. by the government was reported at facific Nwrthwest poinfa by the office of Max St. Houser hem. Thin wa only abouc. half of the volume offer!. Purchase were limited owing to the li-ck of shipping space. Tkmr market was stationary generally. FIAJLR Selllna Drieau new eron: Patent. fta.SZe; whole wheat flour. H0.46; WUlaasett taller, 110.80; local atraight, 110.20; bakers' I local; 111.50911,70; Montana spring wheat patent. 111. 75," rye flour,- J10 10; oatmeal. 18.00; grahain. (11.00. iTic for citr dU trie Id five barrel lota. HAT H urine" nrtoe. new ernnl WfflanVette I timothy . fancy, (27.00; Eastern Oregon-Wash fartea fancy timothy ( ) ; alfalfa, (80.00 rails vetch. (2ft. 00: cheat. (19.00 A 20.00 I straw, (10 00; elover. (24.00; grain. (24.00. 0HA1N SACKS Nominal; New croc. delivery I No. 1 Calcutta. 17o in car loU: loaa amount feigner. MIT.T-flTTTFFS Mixed ran at mills. Backed. U.U. KdlXEO OATS Per too, (60.00 p HI 00. liOLLKD BARLEY fer tan. $07,00 0 8.00. ' COBN Whole, (70.00; cracked. (81. Slerchanta Exchange bids: KKKD OATS No. 8 white. . Ftjndard feed No. 8 blue. . . BARLEY CORK Ko. 8 yellow . . Fa"f"n outs and ram in bulk; Oat 86 lb. clipped , 88 lb. clipped . . . . . forn No. 3 yellow..., Barley No. 2 No. Dec. 5350 600 6.1(10 6500 6500 6500 6000 5050 B200 6250 5825 6350 C750 6.VM) 6300 6350 COTTOX MARKET FEELS THE EFFECTS OF LABOR TROUBLE A New York. Nor. 1. (I. N. 8.) The unset- lotted labor situation probably accounted tor the Kuuusnal dullness at th opening of the cotton I J market today. At the tame time, considering market wa remarkably steady, reflecting fur- tlxw , raina over the Southwest, First prices Wert 8 point higher to 6 point lower, fol lowed by Increased local selling which depressed the market about 17 poiuls below Friday's closing level. "The western belt forecast for frost and freeilng weather promoted fresh buying late In th morning and an advanc to new high levels for flie day. Ieembr ruled eaay, under liquidation by stragglers. The close was strung at a net adranc of 15 63 points. Tualatin Apple Men Planning to Buy Publicity Bearerton, TSor. 1 Apple grower 1b Washing; ton cennty are realizing now ai never before the reason that local apple command l.t5 per box while Hood BJver applet of the tame variety are bringing 82 per box. - The reason are: Organization, ad vertldlng and reputation. Washington eoanty growers are planning oa orgaalxlng one big nnlon under the name "Tualatin River Apples." Quite a number ef the, local grow ers would like to see B. Lets at the head of said organization. Mr. Lets bat. wos many medaU and bine rib bon at the Portland Land Prodnct shows with his apples and. prunes In competition with the Northwest, I, els states that Tualatin river ap plet have the best taste: advertli Ins; will do the rest. CLOTH SUBSTITUTION ONE CAUSE FOR THE HIGH COST OF LIVING Profiteers Get Busy With Shoddy When Public Pays for Virgin Wool Clothing Law Would Protect All Honest Interests From Deceit, Dried Fruit Is Finding Sale in British Possessions Australia and New Zealand Are Al ready Customers but Trade Can Be Greatly Increased. for th fiscal 1917. . '2.".00 . . 92,835 , .223,400 .167.780 , . 1H0.020 , . 139,!3 , .573,210 .739.210 1918. 18.075 140,320 83,950 497,780 8,770 201.990 571,168 614,524 Furnished by Overbaok or Trade building ; Month & Cooks Co.. Board January February March .. , April . . . , May June ... July September November December Open. 8590 8530 8497 3430 3170 8H72 3000 High. 8640 8580 8547 3480 8110 I-ow. 8575 3510 3475 8420 3170 8692 1643 Close. 3629 3593 3573 8550 3535 84S5 84S0 3170 8700 8880 ith New York soot market wa 25 Doiuta up V jates at 3806. POTATOES ALL AL0G THE COAST . San Francisco Market Sao FTencioo. Nor. 1. (V P.) PoUtoee iRiver white. (3.0O; Salinas. (3.60 ; sweets, 4 9 a pound. ,1,.,,. onions xeilow ana wmia, i.iuo.uu, AwtraUan brown, (4.50. Los Angeles Market Los Angeles, Nov. 1. (I. N. 8.) Potatoes, new stock, Stockton Burbanks, best, (3.00 8.88; others mostly (2.76; Russets, 83.000 (.25; local lug boxes, mostly (1.16. 8eUI Markt ' Seattle. Nev. 1. '(L N. 8, Onions Ore gon, 4 i 4 e. Potatoes Yaktma. (50 9 55: local. (38 40 ton; wbiU, 2Wc lb; sweet. fc 0440, Mlnnsapolls-Bulnth Plax . TJnrath. Nev. 1. (I. ft. S.) Flax. Novsm ber 430; December 426; May 418 Vi . MinnfapolU. Minn.. Nov. 1. I N. B.) fUt seed 446 9 448; April 442445. Australia promises to become a big buyer of Oregon dried apples and other fruits, providing efforts are made to secure this trade. The United States has built up an increasingly large trade in dried fruits with Australasia, especially with New Zealand, where the exports from the United States have Increased from 3,325,214 pounds in 1914 to 9,205,028 pounds in 1918, or 77 per cent. The following table gives the exports (la pounds) of dried fruits from the United States to Australia and New Zealand years 1917 and 1918: Exported to: Apples Australia .... Apples New Zealand . Apricota Australia Apricots New Zealand. Peaches Australia Peaches New Zealand . Prunes Australia . . . . Prunes New Zealand . . That this trad prortMy can be increased i indicated by th following article from th I,ondoti Fruit. Flower and Vegetable Trades' Journal for July 12, 1918. which states that the per capita consumption of Australasia is con siderably lower than that of -the United King dom, Canada, or th United States: "Th estimated Commonwealth production of dried fruits for the present season is a fol lows; Carrsnt. 5500 ton of 2240 pounds; sultanas, OSOO tons; leiias, 2500 tons; tolal. 14,500 tons. The average Commonwealth con sumption for the years 1915. 1910 and 1917 was 8025 tons in the three lines. New Zealand usually takes about 10,000 tons of Australian products and tb balance of her consumption from California. The consumption per capita in the Commonwealth is only a fraction over 4 pounds per head, as acainat 8 pound per head in New Zealand, 10 pounds in Canada, 12 pounds in the United BUtes, and In Great Britain (pre-war only), 25 pounds per head, largely currants. It is therefore apparent that tli Commonwealth offers an ample field for Increasing consumption of an Australian product. If the sales In Australia could be Increased by another 4 pounds per capita, the whole Com monwealth production would be more than con sumed within Australia, without exporting to New Zealand or other markets. Distilleries this ear will not get more than low-grade fruit in currants and raisins, amounting to about 3 per cent. This year about sou tons wui go to London and about 500 ton to the East. The sale in Australia will, it is anticipated, absorb the output, after allowing for those exports." Front Street Reviews Notes of the Wholesale Produce Trade for the Last Week. DAIRY PRODtCE OF THE f)OAST San Frstnclsoo Market San Francisco. Nov. 1. r(U. P.) Butter1 Extras, 05 Vie. Egg Extras, 87 He; extra pullets, 67c; un dersized pullet. 64o. Cheese California fiats, fancy. 84o; firsts, 29V4. ' ' Seattle Market Seattle, Nov. 1. (U. P.) Butter Local country creamery csbea, 66c; do bricis, 67c; storage bricks, 80c. EggN, 4,ocaI. strictly freh, 85o; pullets, 67c; stnri.se, 6So; pee wees, 55c. Cheese Oregon and Washington triplets, 31 33c. Los Angels Market Lo Angeles. Nov. 1. (L N. 8.) Butter. California creamery, extras, 64e. Kggs, fresh, extra, 74c; case count, 70e; pullets, 59c. Live poultry, hens, 32 86c; broiler, 44c; fryars, 33c, Chicago Dairy Produce .Chicago. Nov. l.-r-(I. N. 8. ) Butter Re ceipt, 3789 tubs. Creamery, extra, 65c; firsts, 68 Ho; packing stock, 42 47o. Eggs Receipts, 1738 eases. Current r ceipta. 62 58c; ordinry firsts,, 60B2c; firsts. 67 H 58 He: extra. 67 Ho; check. 20 82; dirties, 30 38c. Cheese Twins, new. Sl82e; daisies, 81 14 32o; Young A merles. 31 82 Ho; long horns. 82 32 Ho; brick, 82 He Live Poultry Turkey. 84 o; chicken. 18 9 22e: springs, 21 He; roosters, 16c; gees. 22c; ducks. 24e. COMPOUNDED TWELVE TIMES A YEAR ON Savings Accounts subject to check, .credited monthly, provided minimum monthly balance ' i does not fall below $500.00. 4. Interest paid on Regular Savings Accounts. i S service charge will be mad for carrying - ! . checking accounts. o charge will be made depositors for basdllsg ; out-of-town checks. Special Regular tarings Deposit made oa or before November ith will draw interest front November 1st B.y Alexander Walker President National Sheep and Wool Bureau of Asaeric. ,. Getting prices to a safe and reason able basis is the project uppermost in tho minda of right thinking, forward looking men everywhere. The high cost of clothing and food is at the bottom of all the trouble. The high cost of clothing' and food-Is what forces up wages, and wages" in turn force up the price of everything else. Lowering the cost of clothing- and food to a reason able busts is therefore the "key prob lem" in tills whole matter of saving the people from the disastrous consequences which may result from the continued raise of wages to a point where business Is disrupted. Substitution fs the thing in which the exorbitant prices of clothes and cloth and clothes and cloth profiteering have their roots. The people pay for vtrgin woolnd get shoddy. Even in the most exclu sive shops, many of the highest priced garments contain shoddy. When you go to the most reputable custom tailor or reado-wear apparel shop in your city and pay top prices, frequently the garment you purchase is made, not from virgin wool, as you suppose, but from rags, waste and cast-off apparel gathered from here, there and every where, ofttlmes even picked out of the garbage can or the gutter. Under existing conditions the chance of gek ting virgin wool In even the most exclusive shops and even when the hibet 'prices are paid Is very remote. In purchasing suits, overcoata, un derwear -and the various other article of apparel, there Is very little likelihood that however much you pay, you will secure a garment made ex clusively from virgin wool. Not Enough Virgin Wool There Is nowhere enoueh virgin wool in the world to meet the world needs end the people's demands. Many have the impression that be eue larsie stork of wool have piled up in the various ports of England and the British Mm, there is n:w an ovor-supp'.y of wool and the feuling seems to prevail In mauy Quarters that fanners, becanse they have received 60c and In a few instances 70o for wool the past summer, are being greatly overpaid and that profiteering exists all the way from the sheep man risht down throtiuH nd up to the rsUUer. During the war, because, of lack of transpor tation, large quantities of wool accumulated in remote parts of the world so that January 1, 1919, there was in the world 1,265,000.000 pounds of wool, virgin wool. The production of virrin wool for 1919 ws estimated at 2.673, 000,000 pounds, but if every ounce of wool in the world were made into cloth, tber would be only 3 1-5 yards of 16 ounce cloth apiece for the inhabitants of Europe and the United States. There would not be a single yard of cloth for any of the many other countries outside of the United States and Kurope which need and de mand cloth and elotnes made from wool. Among the countries outotde of the United State and Europe that sreaplanioring for wool cloth are the following to which wool cloth was exported from the United States during the month of June, 1919: Costa Rica, Papama,, Trinidad nd Tobaito. Danish West Indies, lo- niimcaX Itepnblic. Chile, Uruguay, China, Dutch Kast Indies. Honduras, Salvador, British West Indies. Haiti, Bolivia, Colombia, Peru, British Indi. Nicaragua, Mexico, Cuba, Argentina, Bra zil, British Ouiana, Venezuela, Jaiiau, Philippine L lands. Cloth Demand Eooamous Even warm countries like Cuba and the Phil ippines require wool cloth and clothes In large quantities as is indicated bv the fant that rtnrin. the month of June. 131.9, more than 80,000 ! ceied here has been extremely disappointing to Sensationally higher prices were of fered and paid for eggs in the Portland trade during the week. All previous high price records were broken here and at the advanced prices the market is firmer than usual for this period of the season. Owing to th extremely limited offerings of strictly fresh effgi in the Willamette valley, from where Portland get the bulk of it re quirement, bids at country stations were ad vanced as hifih a 72 a dozen for current re ceipts. To some extent this sheer record price was due to the competition of northern buyers. Receipts oa I'uget Sound have been so limited of late that fresh eggs have commanded almost any price that the trade cared to ask. Selling prices in the north reached bSc a dozen during the week, but the highest level at Portland was 76c a dozen. Tb highest price heretofore ruling for eggs in Portland was. early in January oa this year when Front street wholesale prices touched 72c a dozes for a period of two days, but Quickly dropped then. Butter Market Stationary No change whatever wa shown in butter market values in Portland for the week. There was a mixed tone in the trade generally. Home of the city creameries reported the cancelation of standing orders for butter by some of their country customers, indicating that the trade there was not only getting its full requirements from their home creameries, but at prices that were below those Portland was quoting. This condition was apparent also in the In creased stocks of cube butter offered Uie local trade by country creameries. For cubes prices bve ruled somewlmt easier of late and if this is continued it is likely to cause a downfall of print values within a short period. To offset this apparent weakness In the fact that leading buyers here have been offering as high as 4 7 H c a pound for dairy butter, this being the highest value ever available for this class of good here. f Cheese Situation Strong Cheese market situation was strong, not ohTj at producing centers of Tillamook and Coos bay in this state during the week with an advance in the latter section, but wholesale markets were genorally inclined to gam strength. Tips have been given the trade generally that a further advance in the price of cheese may be forced within the next few days, but this action will depend practically altogether on what happens to the market in Wisconsin. The advance in the price of canned milk by the Borden company during the week came somewhat as a surprise, but it added strength to the general dairy produce market. Other lead ins condensery companies have 'thus far failed to follow" tSie lead of the Borden company. Poultry Market Is Mixed Mixed character continues to be reflected in the poultry trade along Front street. Demand for light weight hens remain extremely weak, with average sales around 19(s20c a pound, but here has appeared a si ghtly better feeling in the broiler market for heavy stuff with sales around 22 (s 23c a pound. For heavy bens the market remained quiet during the week, there being a very limited supply, while prices held firm at 28c generally and occasional business a high as 29( 30c a pound. Small Supplies of Turkeys Very small supplies nf turkeys reached the Portland trade during th week. Genera of fering were of only fair qualitiy and sales of live birds were made around 86 ( 37c a pound, while dressed stork sold at 4045o a pound, ac"rding to quality. Report received by the local trad from country districts indicate that while there is a shortage m some sections of the Pacific North west, the total holding of Oregon. Idaho and Washington is just about normal. Potato market was intensely strong at Port land and practically all Pacific Northwest points during the week. While the volume of sales in ta Willamette valley have been unusually lim ited to date, this is due only to the fact that buyers and shippers are unable to make con nectiona with the producer. ieneral purchases of No. 1 Burbanks in the Willamette valley were shown around (2 per cental during tin week, f. o. b. shipping points, but actual business as high as $2.15 per cental was confirmed in a few Lsolated instances. With a crop in some of the leading Willam ette valley sections that is scarcely sufficient to supply their own home requirement, the trade does not expect shipments from Oregon of more than OOO to 1 200 cars this season compared with shipment's of approximately 1700 cars in the short production season a year ago and the normal of somewhat better than 2000 cars. Bulk of the Portland market' requirements during th last few weeks has been supplied from the Ifakinia section of Washington. While some of the arrivals from there have been of nor mally good quality, the average thus tar re- HOGS ARE LOW HERE but m ARE AT PRODUCTS HIGH MARK L,ow Priced Hogs Go Into High Priced Products In the Northwest All Markets but Portland Advanced During the Last Week. Port f th. weak". soppBaa earn, dtrec to Portland yard a a swains osnxer. V.?uV7. 'o B OO 9 60 virLi looolioeo xvtfi.H? ...: s.00 9 a.oo Wethers ; 7.50 S 8 50 Bw" B.OOS ?,00. DltpesHttw of Lrvtstock FcOo-wtag wa the disposition or livestock at North Portland for th week: BUTCHERS AND PACKERS .cattle, 4JJve. Hog, shaep PORTLAND LIVESTOCK RUN . Hogs. Cattle. Calve. Sheep. This week . .1 2208 24 230 Z7U Week ago t 2325 Two weeks ago.... 8261 Four weeks ago. . . . 2301 Year ago i 5742 Two years ago...; !i30 Three yrars ago. . I 6432 Four yean ago.... 11526 2804 2890 ?S72 2609 3072 1451 1116 703 aso 108 128 166 298 42 4906 8263 6448 678 1411 2659 8883 Total run of livestock at North Port land for the six days Included 148 cars, compared with 159 last week, 155 two weeks ago, 213 four weeks ago, 150 a year ago and 154 care two years ago for this same period. Lighter run ta the hog alley gave th trade a somewhat steadier tone at North Portland during the week. Prtoes hero remained steady to strong during tho six day' trading period with $14 the extreme top generally quoted. While swine Tglues in the North Portia! alleys marked tiros for the week, strength was sufficient at practically every stockyard point ta the entire country to force an elevation of values; resulting in a general advanoe in all marked except here. Just why killer who purchase the bulk of the hog arrivals at North Portland and likewise operate at other centers, are unwilling to pay as much ' for swine in the local alleys as else where, remains one- of those mysteries that are becoming exceedingly tiresome to bog produer. No lower price for hog products t named at Portland than in the Kast, where hog vajaes are higher than in this city; in fact, value here continue around the high point for the entire country. In other Words, the- lower priced hogs are made into the higher priced bacon, ham .and lard at Portland. This condition is by no means shown nly at Portland, but the fact remains that other cities are paying no higher price along the coast for similar quality ; the price at Portland being a standard for all other coast markets to follow. General hog market range: Prime mlTeri 1 KA)1' AO Medium mixed . j 1 8.00 9 is'50 I SnMoth, hesvy , 12.00 912.50 Hough, heavy .. 11. 00911. 50 I'iSS 12 00 913.00 j Cattle Market Steady Cattle market showed extreme steadiness at N"rt,h Portland for the six day-,' trading. Re ceipt totaled 2964 head, compared with 2801 la.it Wfk and 2609 head a year ago. While a few head nf selected animals were quoted hither, the general market showed no change, either In price or sentiment- The low price in effect for cattle along th coast, as compared with values in the : East, are causing shippers to send their good stuff elsewhere and the j. Pacific Northwest is being drained of it better quality offerings. For poor stuff it is noted that the coast market art paying proportionately higher prices than the East, therofore this class of stuff is being unloaded here. (ieneral cattle rang: Best steers Good tJ choice steer ... j ... . Medium to good steers Fair to good steers, Ommon to fair steers Choice cows and heifers Good to choice, rows end heifers. Medium to good cows and heifers Fair to medium cows and heifers. CiT.ners 8 00 9 Bulls 5 00 9 Barton Cars tens Kairchild GUI : . . Henry Howitt . Nalsoa . Hterrett Smith . Schleeaer , . , . Swift Miscellaneous Washington . Orearon .... Idaho . . . Micella deou Total ... 108 446 66 T3 169 118 . 62 . f42 . . 249 ' . . 89 . 293 . 864 -FEEDERS . 898 . 247 3 . 747 29 1. 298 281 846 226. Hi 788 81 12S 150 771 80 628 1441 69 2(2 889 CHIHESE EGOS COMPETITORS OF AMEBICAJtVilT BRITAIN American eggs tr lto2tflg strung competi tion from th Cbins4"li British market. in regard to thl phase, air., W. A. Brown, chief of th poultry division of Canada, made uie louowing statement at a recant poultry: con' ferenc at Guelph: .- '.v ia proaucing sections or China are up ward of a thousand or two thousand mile Inland from Shanghai. They hav to bring these eggs dowa by slow river transit, and th eggs that arrived in Canada last fall and "cam tinder our Canadian regulations would not pass tn inspectors at a grade higher than seconds. Distance and other factors are In our favor, but w must reckon on having to meet the China man as a particular competitor in England." Wool Market Is - r Swinging Upward In Boston Trade Beaton, ltaat.. Not. .1. A long Bummer street fnnl satisfaction to noted by th state ment that to aetnana eas sroaaenea materially during , th - past - fortnight and, 1 SOW . very nearly on a normal basts. Not only t a better demand reported, but values hav . strengthened during th past few day. , It it no loneer necessary to sacrifice stock la order to Interest manufacturers. Wool men are confident that th movement of me dium grades o long xpctd is at last under way. . The demand for all grades ef territory wool has becom broadened materially daring the week and om large transaction art -reported to hav been made la tin aorta. Most notabl has been th sal of a moderate sised lot of choice Montana staple at (1.80. clean or a llt Ua better. Choic Wyoming wool ha bee a sold on th clean basis of 11.83 for fin tuple. Coraparatintr lltue really ehdo stapl tar- titory wool to tort in th taarktt. Most wool sen ar looking for higher pries for fin staple, predictions of (2.00 cleaa bfor th end of th year being heard. Sal of consigned wool hav Included choir -fine and fin medium clothing at IX. 70, clean blood UpU St (1.76 ta (1 86. v A notehl 1 Involve a good siswd lot at original Montana at 70 ent In th gr. Receipt for tb week wen: Domestic, l((80.s 21 Ik pound; foreign, 2,940, fiuo pound. Hew Tort Bank Statement 'Nsw Tort, Nov. 1 (L N. S.) Bank statement: Aver: Loan rcred (7.270.000; demand deposits decreased (24.817,000; Urn, deposits increased (424.000. Reserve decreased (11 285,150. Actual: Loan Increased (8x.63B.000i demand deposit increased (50,090.000; tins deposit decreased (2,427.000; nsarv Increased (13,-, 653.810. Kw Tor Sugar and Coffee ! New Tork. N. -1 tl. P.) No. 7 Rio, 174o: No. 4 Santo. 26926HO. SngaJf I entrirugsi. t.s. LIBERTY BOND SALES Saturday 3H First 4 ... Second 4s . First 4H Second 41 Third 4 H s Open .(100.80 . 85.00 . 93. SO 95,80 . ' 93.24 95.20 Fourth 4Hs 93 20 Victory 414a Victory 8 M.M th following pries: High fw Clos (10O.78 (100 70 (100.72 96.00 94.90 95.00 83.10 2 96 '93 00 95.30 95.00 95.04 93 24 93.0O 93.12 B.V1S P.V06 95.14 93.40 98.18 118 30 99 (0 949. 6 99 46 09.52 99.46 99.46 Clrm Friday (100.70 95 25 son " 05.10 93,12, 95.1(r 98.32 . 99.46 h 46 South American Wool - Th United States is Argentina' best en tomer for wool. For the wool season of 1915 16 Argentina exported 152,698 -hale to this country, or 51 per cent of Argentina' entire export of wool For 1916-17 the United State took 225,467 bales, er 64 per cent. For the 1917-18 season 209,538 bales, or 73 per cent, were shipped to this country. LIBERTY and VICTORY BONDS P YOU MUST SELL YOUR LinSHTV OR VICTORY BONDS. Sty. TO US IF. YOU CAN UY MORK LIBERTY OR VIOTORV BONDS. BUY fROM US On Saturday. November 1. 1919, tb closing market price were as given below They re the governing prices for Liberty end Victory bonds U over the world, and th high est. We advertise these prices daily in order that ymf may always know the Now Tor t market and the exact Talue of your Liberty, and Viotory bonds. lit 2nd 1st 2nd Srd 4th Victory Tletory SHs 4a 4s 4 t s 4 s4 4 s 8 Ik I Market prices.. 100.72 95. 00 93. OO 05.04 98. 12 95.14 93.80 U9. 46 99 46 Interest accrued 1.S4 1.58 1.87 1.6S 1 08 .67 .21 1.70 2. IB Total . . .102 08 98.63 94.87 96.87 95.10 08.71 98 61 101 1.0 101.61 When bnylng we deduct 37e on a (5.0 bond and $2.50 on a $1000 bond. We sell at th New I one mars ex piu tne acorueu interest. Burglar and Fireproof Saf Deposit Boa for Rant. Open Until S P. M. on Saturdays. MORRIS BROTHERS, INC. Th Premier Municipal Bond Houss Capital On Million Dollar Est. Ove SB Y MORRIS BtOO., S0-S11 Stark. Bat- Bth and Sth. Tdaphon Broadway 21B1. yards of wool cloth was sent from the I'nitnrf States to the Philippine islands and more than 60.000 yards to Cuba. We have seen, however, that all the wool in the world will only give the inhiibltants of Kurope and the" United States 3 1-5 yards of 16 ounce cloth apiece, leaving not a single ounce or wool for our next door neighbor, Cuba. It is important for us to remember that 3 1-5 yards of cloth is not enough to make one man's suit Furthermore, in many parts of, the United Htetos, 1Q ounce ol"th would be considered too light to provide comfort and protection against the cold of winter. It must also be remembered that is Europe and in the United States over coats -uia necessary. Then there is the need of woolen underwear, hosiery, caps, mittni, etc. I-arge amounts of wool are also required for bed blanket. .Statisticians tell us that there are 20,000, 000 families in the United States with an aver age of five persons to family. This would necessitate at least three beds to a family, and by allowing only three pounds of wool to a blanket and only. three blankets to bed the local trade. Ftav of the Willamette valley growers have yet dug more than a very small per cent of their potato crop, therefore are in no position to make immediate offerings. ' Onion Price Sharply Higher Onion prices were moved sharply higher in the local trade for the week. At Willamette valley growing points confirmed sales were made br the Confederate Onion Growers' association at (3.50 per cental fl o. b. country stations, while unconfirmed reports from reliable sources iudicate that carload lots have moved as high as $3.75 per cental. This extreme price was denied by W. I. Swank, general selling represent ative of the Confederate association. ' Demand for onions has been keen from va riouv Pacific coast centers, but owing to the inability "of shippers to get refrigerator cars, selling has been practically suspended. Apple market has been rather active at Wil lamette valley points during the week with lib eral shipments to the Atlantic coast and to the far south, but the volume of trade at other Oregon points has not been so good. Iwal wholesale trade in apples consists prin cipally of the lower grade stuff with Jumble .7 pounds of wool to a family, 640,000,000, ' packs. Stock of this class has been selling quite Commercial and Savings Accounts Solicited "Th Open Doer Bank" I1:. h J . Opcb Saturday Aftertoo aad ' BTeilBf . Broadway , at Stark pounds of wool for the entire United State wouiu o required tor Uris one item. The United State sometime tusa 100.000. 000 pounds of carpet wools per year, and in ad dition to carpets, wool is also required for tapes trie, upholstery, automobile robes, carnage robes, horse blanket, felts for boots and manu facturing purposes, etc. A moment's reflection on those plain funda mental facts will bring home the truth that the chance of any person getting virgin wool ars very remote. In the effort that has so far' been put forth to control and curb profiteering in apparel, two measure stand out conspicuously. One is the proposed law making it compulsory for merchants to place the ct on all article for sale. The second is the 'price-tixing committee. Cost Price No Solution Placing the cost on all article will not en lighten, but rather contuse, mislead, and still further irritate the public. This Is true because of the many intricacies and comnlexitiea with which every merchant is familiar that enter into the problem of cost fixing. Many of these com plexities it is not reasonable to extwet the mih- lic "to understand. Every merchant knows full well that were the public to be informed as tn the oost of aU atticles offered for saie. ofttrmes tne articles on which the public would believe only a fair profit wer being made, would afford greatest opportunity for profiteering, while on many articles actually carried at a loss by the retailer, the public would conclude that th profit was excessive. The efforts of price fixing committee so fr as eft) thing is concerned will be futile. Tula s true, because, for instance, no committee, however capable or conscientious, can know when a suit contains shoddy. No scientific test can reveal the presence of "all wool" shoddy in garments. Therefore, neither the price fixing oemmittee, th retailer or clothing manufacturer, can know of it presence, and yot tho use of a substitute Is the root of the high iirme and profiteering evil insofar as apparel is concerned. Iu many instances the simplest measure Is the most effective, and this certainly, is tru of the problem of reducing clothing cost and preventing profiteering in apparel. By nuking It compul- freely of late around 90c fat 1.00 per box gen call), bnt som stock has gone a fraction above thl. Of much Interest to the local trade'' wa the announcement mad by the Oregon publio erv ice commission of it refusal to order th railroads to make a bulk apple rate from Ore gon points. Complaint regarding this lack of rate bad been made by George L. Davenport, a pn minent local carload shipper, who contended that the absence of such a low rate for bulk stock stopped considerable business in ordinary quality applei with manufacturing interest of the Middi West. Pears were in small supply In the local mar ket during the week with the trade active and firm Huckleberries were in better supply with general sales at 15c a pound. Grape market was firmer and about 2 He higher. Fx t re me scarcity continues in bananas with prices unchanged. ' Country Meats Ar Steady After showing a further loss in prices the market for country killed calves showed a steady tone toward the closing of the week. For hogs the market was generally firmer and about lc a pound higher all around. Dressed goats were in liberal supply, but there wis little demand and values ruled from 3 H to 5c a pound. 9 00 916 50 9 009 9.50 8 00 9 9 00 7.00 9 8 00 8 509 8.50 7.75$ 8 50 6 50 9 7.60 6 50 6 50 4 75 9 5.75 4 00 6 50 Best light calve 14.00 916 00 Heavy calves , 8 00 9 13.00 Stackers and feeders 7.60 9 9.25 Mutton Situation Steady With arrivals considerably below those of any recent week, there was a nominal but steady to strong tone in the sheep and lamb alleys at North Portland for the week. All but a small LONDON WOOL SALES SHOW FIRM TONE AT CLOSING At' th wool auction on October 2, 14 650 bales were offered. The best greasy merinos from Queensland brought 7 2d. ($1 27) and the finest scoured merino combings from' Syd " -I11oed 100d 76). There were also offered 30.000 bales of South African free wools, greasy merinos bringing S7d. (6Dc), and scoured snow whites 7fd. ($1.23). The sixth series of London wool auction closed on October 3. with catalogs of 8860 bales. During the series it is estimated that aljout 80.000 bales have been purchased for Continental consumption, 10.000 for America and 45,000 for home center. The sale closed with very , firm tone, and prices at best point of the senea. , Compared with "August sales menno wodls showed a ris of 10 to 13 per cent; medium to fine crossbrcds. 10 per cent L.ove August prices: tb best of the cosrser grade. S per cent higher. Inferior and habby parcels showed no change. Overbeck & Ccoke Co. Stocks, Bonds Cotton, Grain, Etc. DIRECT PRIVATE WIRES TO ALL EXCHANGES Members Chicago Board of Correspondents of Logan &. Chicago New Vork Trade Bryan 216-217 Board of Trade Building , EXEMPT FROM ALL FEDERAL INCOME TAXES Oregon and Washington MUNICIPAL BONDS The Bonds of Oregon and Washington cities and counties ire very desirable Investment securities. They rank with the best bonds obtainable anywhere. It will be to your advantage to study this group of bonds carefully, select one or two issues which appeal to you particularly, and then let us help you decide the best selection for your requirements and circumstances. , Better bonds than these are not obtainable. We own these bonds and offer them as investments embodying evetty element of safety and profitable interest PRICES; TO NET 4.70 TO 5.75 Rate 100,000 Baker County, Oregon, Road.... 5 34,000 KTamath County, Ore., Road Bonds 5 34,000 Klamath County, Ore., Soad Bonds S 3 4,000 'Klamath County, Ore., Road Bonds 5 34,000 Klamath County, Ore., Road Bonds 5 34,000 Klamaih County, Ore., Road Bonds S 34,000 'Klamath County, Ore., Road Bonds S 34,000 Klamath County, Ore., Road Bonds S , 34,000 Klamath County, Ore., Road Bonds 5 34,000 Klamath County, Ore., Road Bonds 5 41,000 Klamath County, Ore., Road Bonds S 500 tCity of Ontario, Oregon, Paving.. 6 500 tCity of Ontario, Oregon, Paving.. 6 1,000 tCity of Ontario, Oregon, Paving.. 6 500 tCity of Ontario, Oregon, Paving.. 6 1,000 tCity of Ontario, Oregon, Paving.. 6 1,000 tCity of Ontario, Oregon, Paving.. 6 1,000 tCity of Ontario, Oregon, Paving,. 6 1,500 tCity of Ontario, Oregon, Paving. . 6 205,000 'Portland, Oregon, Improvement.. 6 5,000 Wallowa, County, Oregon, Road.. 5 10,000 "Wallowa County, Oregon, Road. . 5 20,000 Wallowa County, Oregon. Road.. S 20,000 Walk)wa County, Oregon, Road.. 5 20,000 "Wallowa County, Oregon, Road., 5 5,000 Clarke County, Washington, Road 5 13 5,000 Clarke County. Washington, Road 5 '3 26,000 -Clarke County, Washington,, Road 5 lA 6,000 "Clarke County, Washington, Road 5 Yi 21,000 Clarke County, Washington, Road 5 li 25,000 'Clarke County, Washington, Road 54 30,000 Clarke County, Washington, Road S l3 115,000 "Franklin County, Washington.... 5 l,5oo tWashougal, City of, Wash., lmprov. 6 4,000 tWashougal, City of, Wash., Improv. 6 4,000 tWashougal, City of, Wash., Improv. 6 1,500 tWashougal, City of, Wash., Improv. 6 6,000 tWashougal, City of, Wash., Improv. 6 6,000 tWashougal; City of, Wash., Improv. 6 4,000 tWashougal, City of, Wash,, Improv. 6 Denotes bonds of $1,000 denomination. tDenotes bonds of $500 denomination. MORRIS BROTHERS, Inc. The Premier Municipal Bond Home Capital One Million Dollars MORRIS BUILDING, 309-311 Stark Street, Between Fifth and Sixth Streets Phonas Broadway 2151 PORTLAND ORECON Phone: Broadway 2151 Maturity Price Yield M&N 1929-39 101.57 4.80 J&J 1929 101.97 4.75 IcU 1930 102.12 4.75 J&J 1931 102.27 4.75 J&J 1932 102.40 4. 75 J&J 1933 102.54 4.75 J&J 1934 102.66 4.75 J&J 1935 102.78 4.75 J&J 1936 102.89 4.75 J&J 1937 103.00 4. 75 J&J 1938 103.11 4.75 J&D 1922-9 102.15 5.10 J&D 1923-9 102.91 5.10 J&D 1924-9 103.64 5.10 J&D 1925-9 104.33 5.10 J&D 1926-9 104.98 5.10 J&D 1927-9 105.60 S.lO J&D 1928-9 106.20 5.10 J&D 1929 106.76 5.10 A&O 1922-29 106.20 4.875 M&S 1924 101.32 4.70 M&S 1925 101.55 4.70 M&S 1926 101.77 4. 70 M&S 1927 101.98 4.70 M&S 1928 102.18 4.70 A&O 1931 104.47 5.00 A&O 1934 105.23 5.00 A&O 1935 105.46 5.00 A&O 1936 105.68 5.00 A&O 1937 105.89 5.00 A&O 1938 106.09- 5.00 A&O 1939 106.28 5.00 A&O 1924-39 100.88 4.80 M&S 1922 100.68 5.75 M&S 1923 100.88 5.75 M&S 1924 101.07 T.75 M&S 1925 101.25 5.75 M&S 1926 101.42 5,75 M&S 1927 101.59 5.75 M&S 1928 101.74 5,75 sory to distinguish between a substitute and the genuine, all that it Is desired to' accomplish may be attained by a single stroke, and that, tap, without inflicting hardship or inconvenieno to anyone, except th profiteers. " The United States government, by making it compulsory to distinguish between for instance shoddy 'and virgin wool, will plac in the hands of the purchaser a weapon of sur defense, which will prevent profiteering and will auto matically and, inevitably bring the price of ap parel duwn ta a reasonable basis. As matters stand today, you go Into a high class shop, and if you purchase, a you sup pose, a first class article, you pay tho price asked. For instance, if it is a suit, you prob ably pay $75.00 for a ready-to-wear suit, but you would not pay $76-00 it you knew th suit was shoddy. G. E. MILLER & GO Established 191 Investment securities B O N JED ,c GOVFJlll--UMCIPAL CORPORATION . 205-6 Northwestern Bank Bldg. Phone Main 4195 Syndicate Loans Attractive investment opportunity i$ offered from time to time by participation in the nation wide syndicate loans to Foreign Governmentt, Municipalities and to great American corporations Advance information often enables investors to participate with profit not otherwise to b obtained on account of oversubscription. Establishment of peace will release many For eign loans, proceeds of which will be spent in the United Statgs, thereby increasing the al ready great amount of money awaiting peace to invest. Interest rates are due to 'fall; bond values to rise. i We participate In all National Syndicates that In our judgment are worthy of entrusting, bur own funds. . Aak to be placed on our mailing liat for advance information. Freeman Smith & Camp CoJ MsnvsM raMe OITlT-iWESTERN BANK BUlLOIMa - Main 64 ROBERTSON & EWING GOVERNMENT CORPORATION MUNICIPAL BONDS LOCAL SECURITIES 207-8 NORTHWESTERN BAN J BLDG. PORTLAND. OREGON STOCKS . BONDS GRAIN COTTON WILSON-HEILBRONNER CO. BROKERS UIBECT PEITATE WIRES TO ALL EXCHA5GES : Correspondent! E. t HCTTOJI XO STew Torki Clement Crtl A CoM Chicago Haydea Stone 4 Cc Soston; Tha HeHbraaeer Co, Bait, "Oar aaotatloa room aad atatlitleal laformaUoB department It at year, disposal. Complete jaetatioa aad market aew scrrie gladly farnlihad eat. ef Mm eUeata. .-.. - ' , x . Telephone Mam 283 201 Railway Exchange BIdg. Portland Oregon, l . . I " . - s ' - " t ' 'Y V , Main 284