PETROLEUM SUPPLY jINCREASING PRICE OF WHEAT IS NOT AS HIGH HERE AS IT SHOULD BE Edited by Ilyman H. Cohen - EditeJ by Will T. Uessiaa EGG PREMIUM IS OFFERED , There has been a scramble for eggs In "the local trade during the last lew aays and while durrent receipt values are gen- " erally unchanged, the situation Is firm. 1 It dowrlor that koma outnida buninwia hu hrtn atailabkj bar and aom of those that ae- C'cpcca carioau onwn wim . trctna values I in order to ncutt the butt lew remaining easn for loading. I Whila tha feeiwral t. o. b. boyinf pries alone tba Uet rraiaina i at - 4 6c a dozen, some baal nrM continue at A cant abora thia, but aeller paid a uramfnm of aeri-ral eenta in aoma in aianee in uiri-r to .aerar their immediate re quirement. -" Thi buaines. liowerer, wa not of T..lura aiiffteisnt to etabluih tba market prica at the higher f igure that were forced. Receipts continue to Mow s ucc ei quajuj. Tltoae desiring apacial information regarding any market uliould : write the market editor Ore gon Journal, enclosing atamp for reply. BITTTEB TBApE STILI, DEAGGISO Trade in t lie btriter market eontlnuea to drag here. Sornhja offerings of cube continue little and the outlet i limited. No price change was shown for either prints or cubes during the dal. SMALL -.!. SOT BEING SOUGHT I.iUle demi nd iajjbowing for light weight hens. Today there tween hearjr rather eager lis 10 to 12 cents differential be- aiui liirhtweiirht (yvk with buyers to take-bold of the Utter. ) CHEESE TRADE BATHER ACTIVE Considerable activity is showing in the cheese trade locally. L Demand appears .favorable at prac tically aU Pacific Coant points and the previous burdensome autvlu appears to have disappeared. CATCALOllPE PBICEH HIT HARD - Hharply loeer prices have been forced foe can- taloupea in loeal trade with very liberal sup- rliea Jn from the sooth. Standards of beat qual generally arund $3.75 with ponies flaU at $1.0 per crate. , ily are ruling at $3.00 and MEAT D KMA5D COTfTIXTJES JSG Zemand ft kt country killed hogs and- calves continues somewhat in excess of offerings in both Jineav Oeneril sales of top calves are around 24c but some stnkll transaction have been reported lc more. I i ' ' SltlEF ?f CITES OF PROPUCE TRADE Watermelof prices slightly off. l"oU'ti trade slightly easier. Tomato price are lowered again. -'4 BWaberrie were cheaper at $2.75 3.00 per erat. j - i ; Few loganberries and raspberries coming. Second crop strawberries coming in fair sup ply; demand fair, j i j ' WEATHER NOTICE FOR SHIPPERS Weather bureau advises: Protect shipments during the next 38 hours against the following maximum temperatures: Going north, 80 de grees; northeast over the Spokane. Portland es Seattle railway, 80 degrees; east to Baker, 90 de grees, and south to Ashland, 94 dgrees. Maxi mum temperature at Portland Tuesday, about DO degrees. . - i DAIRY PRODUCE ALONG ; COAST Sen Fre-nclsco Marfcat Ban, Francisco. Aug. 0. 1U. P.) Butter Extras, 60 He. Eggs- Extra. 59c: dirtien. No. 1, 54 He; ex tras, pullets, 52c: undersized, pullets, 39c Cheese; California flats, fancy, 32c. WHOLESALE PRICES 13f PORTLAND These are prices retailers pay wholesalers, ex cept as otherwise noted: . j- Dairy Product BUTTER Selling price, box lots: Creamery prime, parchment wrapped, 67c lb.: prime firsts, bite lb ; first. 64c lb.; smaller lots at an td vsnce. - Jobbing prices: 1 Cube extras. 6acj 64e; firsts, - SO S 61c. BUTTERFAT Portland delivery basis, 62e; country stations, 57 58c. ! OLEOMARGARINE Best brands, 40e; ordi nary, 33 He; bakers, 33c; nutmargarine, 1-lb. cartons, 82c per lb. - CHEESK Selling price: Tillamook, fresh Oregon. Jancy triplets, 32 83c per lb.; Toung America. 34 &r 8.1c, Prices to jobbers, f. o. b. TUlamooTV Triplets, 29c: Toung Americs, 30e. fcelijna--pice; Cream brick, 40 42c. Selling pnee: BlociJtJwisa, 48 49c: limburger, 40 0 42eVper lb. I i EGOS Bnving price: Current receipts, 46 4 7c: candled, selling price. 62c: select, 54c per doseo , ' LIVE POTJT.TRY Selling price: Heavy bens. S7e; light hens. 15 16c; heavy springs, 29c; old roomers, 10c per lb.; turkeys, live, ); ducks. 25 30c lb. Fresh Vegetable and Fruit FRESH FHEIT -Oranges. $6.25 0 7.50 pet box; bananas. ' 1 1 te ll'c lb.: lemons. $4.60 $9.50 per crate; grapefruit, S4.0O 4.50; can taloupes, California,; $4.50 5.60; Malaga grapes $4.00 per crate; seedlesa grapes, $3.50; Cali fornia pearhe. $10 2.23; Oregon, S1.&0O 1.75: reach ).lnmi. $t.SO crate. APPLKS New. i $1.23 3.00. IiKIKD FKU1T Dates, Dromedaries. $7.50; Fardt. $4.00 per box; figs, $2.5O6.0O box.! ONIONS Belling price . to retailers:- New Walla Walla. $1.60 1.75; garlic. 25c per lb.; green onions. 23 40c dozen bunches; onion sets. 17 elc lb. i POTATESJ Selling price: Oregon, fancy; sea He. . SMtHIbS -Birawnemes, 9a. i o jmr crmie; Taiipberries, $3.508.75; Ingermerne. $3.25$ 8.50; blackberries. $2.75 3.00. VEGKTABLklS Turnipn. $3.50 sack; cars tots. $4.00 rack; beeU. OOo dozen bunches; let tice. $1,631.7". crate; cucumbers, V5(r5Uo box: tomatoes. $1.35 1.50 r egg plant, 10 12 He pound; broccoli, ( ) ; bell peppers, 20ci celery, $2.25 2.75 dozen: string Deans. 4o lb. MaaUi and Provision j COCNTRY MEATS Selling price: Country bogs, 24o lb. for top' blockers; heavy, 18c; Teal. 24c; heavy veal. 17e lb. ' SMOKED MEATS Ham. 4146o per lb.; breakfast bacon, B36c; picnics. 23e per lb. j eottsge roll. 83a per lb. LARD Kettle rendered. 26e lb.; tUndsrd, S3 Ha: tierce basiaj comDougO. 21 He i Fish and Shellfish . FRESH FISH Salmon, fresh Chinookr. 17 & 18e lb.; halibut, fresh. 1318o per lb.; stur geon ) ; bUck cod. 10llc lb.; kippered salmon, $2.60 per 10 lb. basket; kippered cod, $2.35; rsxor clams, ( ); crabs, $2,73 fig 3.73 duaen; lias; cod. 6 g 8e per lb. . Oroearia SOOAR Nominal prices. refinery bails: Cube, $28.85; fruit and berry, $J3.00; D yel low. $22.40; granulated. $23.00; extra Cy $22.60: golden C. $22.60. ' HON EX New, $7.00 d 7.50 cam. RICE Japan atyie. No. 1, 12c; New Or leans bead, ( ) ; Blue Rose, 14 e per lb. SALT Coarse, half ground, 10 0. $17.23 per ton; 60s, $18.75: table dairy, 60s. $27.23: bales, $3.30 4.00; fsncy table and dairy! $30.50; lump rock, $26.60 per ton. BEAN'S- bales by jobbers. Sir all white, 7 Ho per lb. ; large white. 7 fee lb.; pink. 8 Ho lb.; lima. 12 He; bayou. 11 He; reds. 10 He; Ure ses beans, buying prices, nomimu, 5 Ho lb. CANNED MILK Carnation. $6.60; Borden. $6.50; Astor. $6.40; Eagle. $12.35; tabby. $6.50; Mount Vernon, $6.40 per case. COFFEE Roasted. 8448e in sacks or ' drums. . ' SODA CRACKERS Tn boik, 20c per lb. NUTS Walnuts. 33 40o per lb.; almonds, ! 88c; filberts. 3 lie in sack lots: peanuts. 14 H i g 15c;-pecans, 26c; Braxlla. 85c. ' Rope. Paints, Oil ROPE Sisal, dark. 18 fee; white, 20e lb.: Undnrd Manila. 26 He. I LINSEED OIL f Raw. bbl.. $1.83 gal; kevUe boiled, bbls.,1 $1.83; raw. cases. $1.98: boiled, cases. $2.00 gallo-i. i COAL OIL Pesri or water white in drums er iron bertela. .17 He gallon; cases. SOe per ; gallon.- V . - ' . . . GASOLINE Iron barrels, 29 80c; cases, .'41 He; engine dstiilate, iron bamU. 16c; cases, 16 H c. i -, - . WHITE LEAD Ton lots, 15c; 600 lb.' 15 He per lb. Trniv'Tivr Tv, e o n . ... -."- . v v . tun a2.fi: 10 ease lot, le iesa. Hops, Wool and Hides ' ' HOPS Nominal. 1 1819 crop. 70c per pound. 11 IDEA Nominal, No. 1 salt cured hides (under 45 lbc, 13e; No. 1 salt cared bides (over 45 lbs.). 14c; No, 1 salt cured bull bide.' 12c; partly cured hide le per lb. less; green bides, 2c per lb. less ; hair slipped hides, cae-third lea than No. 1 hides. -OaJf and Kte SSIns Nob 1 trimmed calf skina (up to 15 Tbs.1 SS30c; No. 1 trimmed kip skina (13-30 Ibe.). 16c ; hair slipped akin, one third less than No. X skina. , . - . Dry Hides end Skin V Dry flmt hides 7 lbs. and up), 25c; dry flint bulla, 17c; dry flint calf skina (under 7 lbs.). 35c; dry salt bides (7 lb, and up). 20c; dry salt bulls. 14c; dry salt calf skins (under T Iba.). 30c; dry cull hides and skins, half price. f :.I.,;!L;. :- Horse Hides ' Green or salted Large, well takea oft hides. $8.00; pony and small hides. $4.00: dry horse bides. $1.50 to $3.00; bides with head oft, 60c less; bone tail hair, per lb., 25c; hone bane hair, per lb., 15c MOHAIR Nominal. . TALLOW AND UREASE No. 1 tallow, 8c; OFT MAR-ICE T; f BASKETS T ken.' la t1s- awes I 4VlA TltlhHC Wi 11 V aWf3ID- IV lVIV aW - S be compelled to shovr its strength again If It cares .to secure; raisins T3erelopments recently iri the raisin market. Indicate that there will be a most ) serious attempt on the part of Callfrnla interests to put values to an excessive level, v ; ! At a recent trial auction in New York the growers association sold about 150 carloads at a price that will average bet ter than 23c a pound, a quotation that la considered very excessive by the trade. It developed that practically all the goods went to Interests that are acting for ,an Independent jpacker of Fresno, Cat This ha given i some of the tradw the opinion that the independents, which nnnlrnl MTirMimntl)v 10 tier Cent Of the American output of raislna, and the growers' association, wnicn comruu about 90 per cent, are not inclined to hurt jeach other. I ! At j the prices paid for these Initial offerings of raisins. 1 the value will be. beyond the purse of the average con' Burner and it is quite likely that a war between the association and the con sumer will be the outcome. Consumers can do without raisins and therej is already talkj of importing sup plies.! ' : i Thei following prices are average ones con sumer are expected to pay retail stores. Quslity quoted! is s Tenure, fancy stuff being sughtly higher and inferior stuff fractionally lower. Butter Best creamery print. 6264e. ' Egss Fresh laid, 60c dozen; fsncy fresh, 55c er dozen. ! ' PouJtry Chickens, dressed, 30 40c per lb. Kwh Salmon. 25c per lb.; halibut, 30c lb. Flour Bent local patent. $3.30 4.30 per tack 49 pounds. Potatoes Burbanks, 4 H 5c. Oniem Dssed. 3H4c lb. Strawberries Oregon, 20c per box. Ka-spberries Local. 2 Or per box. ' Logan berries Fancy, 15c. t , Blackberries 15c per :box.' Cash Houses Are Sellers of Wheat At the Advance j ! I, Chicago. Aug. 9. it. N. &) War talk infiunced grain futures on the board of trade today. : It induced a rush of overnight buying orders from the country and caused a bulge of 3c in wheat and corn at the opening. The upturn met heavy realis ing sales and prices : slumped to Satur day's! closing levels. The close showed net losses of H94c for December wheat, while March was unchanged. ; September corn dropped 2c and December lc : oat lost 1S1C for September and HSc for De cember. September rye gained V4lc. whllei December lost 2c Barley declined 2c. Pork lost 60c, lard 2532c, and ribs jl2V317ttc. i Chicago, Ang. 9. (I. N. S.) With a scarc ity of; offerings and only a few small buying orders wheat started 2e to 3 H e higher for December and 3 H c up for March. On the up turn there was selling by cash houses. Corn opened 2. He to 2 H c higher for Sep tember and 2 H c lower to lc higher for De cember. Offerings were light and there was a rush otf ahorts to cover. Oats started Hc.to'4c higher,! with very light trade. A little buying was encouraged by the strength of corn, but volume of business was amall. . ; j : Chicago range by United Press WHEAT Open. High. ,'. 236 286 . . 239 239 . 1414 150 , . 123 127 OATS . . ! 78 H 74 H , . i 70 72 H PORK , .2500 2525 2 Open nominal; LARD .1900 1900 - 1 .1905 1020 1 RIBS ,.1330 1360- 1 T-iow. 231 H 233 143 H 121H 70 H 69 H 475 ; close . Closei -232t j 235!H 143T t22h ! 704: 69 Dec. Men. Sept Dec. . Sept. . Dec. . Sept . 2505 Oct Sept Oct Sept Oct 2590 ! 860 9U0 532 567 1875 1903 1537 1372 .1390 1590 1 Schallinger Goes To San Francisco Carl Schallinger. ' long connected with tie Henningsen Produce company and the Hazelwoed of this city, has resigned and deVrted for San Francisco, where he will enter- the brokerage business under hi own name. He will make is specialty ot eggs, butter, cheese, poultry aad milk products. ; f J Mr. i Schallinger is one of the best known ana respectied men in tb trade here and has bean connected with the creamry industry for many years, having started . in 1888 in Minnesota. AMERICAN LIVESTOCK PRICES 'II , Chicago Hog $16.35 Chicago, 'Aug. V. IL N. S.) Hog Rre- ceipts. 32,000; steady to 10c higher; poorer grades up. Bulk, S14.151G.23; top. $16. 3I; heavyweight, $14. 63 13.85; medium weight, $1.V16 16.30; lightweight, $15.35 18.33; light I lights. $13.25 (? 16.10; heavy packing sows, smooth,' $14.00 14.50; packing sow, rough,! ,$13.75 14.00; pigs. $14.50 16.7$. Cetth! Receipts, 16,000; beef butcher cat tle, steady j to strong; calves, alow and 60c lower. I : 'r -I. Beef Steer - Medium and heavyweight, $16.0017.25; choice and prime, $12.23 16.00e medium and good, $12.23 & 16.00 : light weighti $14.5016.75; common and medium. $9.00 14.00. - Butcher Cattle Heifer. $6.00 14.90; cows. 5.0O 12.50; bulls. $6.00 11.73. Canners and Cutters Cows and heifers. $4.00 &6.50; canner steers, $4.50 7.00; veal calves ( light and bandy-weight), $14. 00 15. 50; feed er steer. $7.50 ll-rSO; stockera steer. $5.00 9.7$: stocker cow and heifers, $5.00 8.5$. Sheep Receipt. 26,000; mostly 25c lower.! Lambsi 184 lbs. aownj, a g is.ou; lama (cull I and common), $7-5011.50; yearling wethem. $8.60012.00; ewe. $6.508.50: ewes (culls and common), $8.0006.00; breed ing ewes, $6.60 11.00; feeder lambs, $9.73 W 12.00. , -, . l f Denver Hog $16.60 i Denver, Aug. . ( V. P. ) Cattle Re ceipts,, 1800: steady. Steers. $9.00 13.25; cows and heifers, $7.00 10.25; stockers srai feeders, $6.50 8.50: calves. $10.00913.00. Hoe Receipts. 800; 10c to 13c highei. Top, $13.60; buiK. aie.ou iff 15.su. Sheep Receipta, $300; steady. Lamha, $11,010 12.90; ewes. $a.ou6.50. j j Kansas City flog S1B.S0 j Kansas City. Aug. 9.-i(L N. S.) Cattle t Receipts. 20,000; mostly steady. Steers, $9.0$ W16U0; cows, $6.00 013.00; Blockers and feeders, $6.00 13.00 : ! calves, $9.00 14.00c. Hogs Receipts, 8000J 10c to 16c up. Bulks. $15 S5 15.80; top. $13.90; lights, $15,40 3 15.84; medium, $15-40 16.90. Sheep Receipts, 8000; 25c lower. Ewe $7.50 & 7.75: lambs, $12.00 13.00. i j ; Seattle Hog $19.00 ii Seattle, Aug. 9. (L-i N. S.) Hogs Re ceipts. 118; stetady. Prime lights, $18.503 19.00; -medium to choice, $17.00 18.00 1 rough heavies, $15.50 16.50; pigs, $13.50 m 15.00. ' i . . Cattle Receipts, 670; weak. Prime steers! $ip.i50eil.OO; medium to choice. $9.00 1 ,10.00; common to eood, .$7.00 8.50; bead cows! and heifers. $7.25 7.75; - medium to choioe. $5.50 fc 8.50; common to good. $4.50 (S? 5.150. : . i . . : . . . ; : . Kheen Nona. i : ' " i I I , ' Chleago Dairy Produce Chicago. Aug. 9. (I. N. 8L Butter Re ceipts. 13.1 SO tubs; creamery, extra. 62 He; atandards, 46 51c; seconds, 34 40c- Eggs Receipts, 7982 1 case : misceuaneou, 4S(448c; ordinary first. 4204SC; first. 46 47e; check. 80 35c; dirties, S3938c . , Cheese Twin.- new.i 23 23 He; dairies, 23 H 24c; : Young Americana,. 23 He; long borne, 25Hc: brick. 2627Hcl Live Poultry Turkeys. 45c; chickens, 82 H Sc; roosters. 38 40c; springs. 23c: aeesa. 20 3 23c; ducks. 29c -. . aws, :;,t-j-; - ! 1 Liverpool Cotton Market " Uverpool. Aug. 9. (L N. B.) Fair de mand for spots at opening. Price easier. . Sales. 8000 ; v American mid. fair. 83.20; good mid.. 29.43: full mid.. 28.20; mid.. 26.85; low mid. I 23.18; good ord.. 19.7ft; ord.. 18.70. Futures opened quiet and barely ateady. - No. 2. ; No, 1 grease. 7e; No. 3 gTeas. 6e GaSCARA BARE New paeL SOc par lb.: old WHEAT BIDS ARE E HOW WHEAT RULED Bid Rise Se Hard white Soft white ...... White elsb ...... Hard winter .... Red winter ...... Jforthera spring Re A Walla $1J7 a ) 7e le 5c NORTHWEST GRAIN RECEIPTS -tlars- Wheat. Barley, (lour. Oats. Hay. Pert land, Mon. 09 Hessou to date 1343 T zooms, Sat. . . 5 Season to date 238 Seattle. Sat 4 Season to date i 104 1 1 10 10 1 10 3 22 83 J20 5 37 84 1 7 1Q2 .. 17 ' . . 234 By Hyman H. CoSien ' j Portland grain buyers must bid up for supplies if they intend to - participate in the general selling at interior Pacific Northwest points, especially where there is competition from other sections. The fact remains that Portland bids have been the lowest in the tidewater markets. Difference of from 4c to 6e a bushel in favor of other markets has been shotvn in the bids for wheat recently. This is utterly out of line with conditions and a continuance of that con dition will mean a blow to Portland'a prestige as a wheat buying and shipping part-. At the beet Portland should be aa high if not higher than other markets for wheat and mem bers of the Portland Merchants j Exchange asso ciation are viewing with some ialarm tlie fact that they are being outbid for. country offerings. Wheat market looks very favorable at this time with an early advance in Chicago. In re gard to the general situation the Chicago Tribune says: i j "Leading tskders who have ; been bullish on grain for two weeks, after investigating condi tions at the seaboard, say they find both condi tions. Transportation is the main Oiing and the attitude of the farmer is a most important fac tor. The latter are not selling (rains, especially wheat, while large sales of winter wheat have been made for export, and the movement is not sufficient to enable seller to obtain the grain. I FI.OL'B Selling price, mill) door: Patent, $12.93; Montana spring wheat. $13.25; Wil lamette valley brands, $11.20; local straight, $10.80; bakers' local. $12.93 18.25; graham, $10.80; whole wheat. $1 1.05. Price for city deliveries 15c extra: suburban, 20c extra. HAY Buying prices, nominal: Willamette timothy, fancy. $23.O028.0O per ton; vetch. e-22.no; cheat, S20.OO; straw. SIO OO; clover. $22. OO; grain, ( ); alfalfa. $24.00 a ton. URAIN SACKS Nominal. New crop deliv ery: No. 1 Calcutta, 15 1 6c; domestic, 16 H 317c in car lots; less amounts Higher. MILLMTVFFS Hill run at mill, sacked. $50 OOO GO. 00. 1 OATS Per ton, buying price: Feed. $48.00 62.fl0. BARLET Buying price: Feed. $46.00 & a i.uu; mining. l47.6fl)9Z.v: rolled barley. selling price, $57.00 68.00. SLty uuying price: lied clover, recieaned. 35e per lb. j Merchants Exchange bids: ' WHEAT Sept. 227 225 225 225 225 226 Oct 227 225 225 225 225 226 223 Nov. 227 223 225 225 225 226 223 Hard white Soft white White Club . . Hard winter . . Red winter . . . Northern spring Red Walla . . . No. 3 white . 223 FEED OATS 4750 Aug. 4800 Sept 4600 4 500 6000 j BARLET No. 3 blue . . . Feed . No. 3 yellow . . K&strrn corn. No. 3 yellow . . . .;. .4750 . .460O , ... .610O in bulk : 6100 6000 POTATOES AL050 THE COH8T Seattle Market ! Seattle. Aug., 9.' (U.. P.) Takima potato. Genu. $110 per ton: local, 4 0 4 He per lb. San Francisco market San Francisco, Aug. 9. (U.i P. ) Potatoes, old, 10c; new, 6 H 8c. I Onions Tellow. $1.00 1.50. Field peas. 5c Los Angela Warkat Los Angeles, Aug. 9. (L Nj 8..) Potatoes Local Early and White Rosel fancy No. 1, mostly $1.25 1.50; No. 2. !5075c lug;; sacked No. 1, $2.50 2.75; Stocktons. $3.23 3.50. . I DAIRY PRODUCE ALONG COAST Lee Angeles Market Los Angeles, Aug. 9. (L N. 8.) Butter. 62c. i Kggs Fresh extras, 54c; case count, 51c; pullets. 47c; peeweea, 31c Poultry Unchanged. Seattle Market j 'f Seattle. Aug. 9. (U. P.) Butter City creameky, cubes, 56c; bricks, 57b. Keg? Fresh ranch, 58c; pullets. 47e. . Milk $2.90 per ewt j ; j Stw York Butter and Eggs- New Tork. Aug. 9. (L N. !8.) Butter Market steady. Creamery, extra. 54 0 57c; do tints, 50 0 67 He; do higher scoring, 54 H 58c; state dairy tubs. 46 53c. Cheese Market dull. State, 27H28c; whole milk specials, 25H26Hc: do fancy. 28 H 29c; Wiconin. whole milk, fancy Young Americas. 16H17Hc: state, skims, special. 15i16c: do choice. 12 14 He. . Eggs Market ateady but tweak. Nearby white, fancy. 68 0 70c ; Dried Frnlt and Beans New York. Aug. 9. (I. N. 8.) Beans Market steady. Marrow, choice, $11.50; pea, choice. $7.00 8.00; red kidney, choice, $17. 5U. Dried Fruits -Market steady, i Apricots, extra choice to fancy, 26 0 27c; apples, evaporated, prime to fancy. 11 018 He; prunes, 30s to 60s, 17 H (a 25c; do 60s to 100s. 1 11 H 0 16 He; peaches, extra choice to fancy, 19 H 0 21 H e; seeded raisins, choice to fancy, 28 H 0 25c. ' "Weston Crops Get i Rain Weston, Or., Aug. 9. A gentle rain has been falling steadily since & o'clock in this vicinity. Harvest operations are suspended but great bene fit will ensue to late crops, garden and pasture. Moisture will insure a bountiful yield in the Weston mountain district where crop conditions are more promising than for several years past San Francisco Grain Market Ssn Francisco, Aug. 9. (TJ. P.) Barley Spot feed per cental. $2.20 2.30; shipping, $2.50 2.53. - ;j San Francises Ponltry1 Market St Louis, Aug. 9. (O. P.) Broilers, 86 0 38c; large hens, 85 088c; best ducks, 20 025a Mlnneapolig-Dnlath Flax " Tniluth, Minn., Aug. 9. (I. N. 8.) Plax September, 3.36; October, 3.39; November, 8.41; track, 8.34 0 3.41; arrive. S.84. i Minneapolis. Minn., Aug. 9. r(L N. S.) Plax. 3.3108.33. . n . ; j Chleago Potato Market ! Chicago, Aug. . (I. W. 8.) Potatoes 7 car. Wisconsin. Minnesota, i Dakota and Ohios. $8.00 6.25. New York Potato Market i New York. Aug 9. (L N. 18.) Potstoe. in bulk, barrel or bag. market ateady. Nearby white $104.50; southerns. $4.2506.00 j JTaral Stores Market : I New York, Aug. 9. (. N. S.) Turpentine. Savanah $1.83; New York $1.70u Rosin. Savannah $12.00; New York, $13.00. Money and Exchange' New Tork. Aug. . (I. N. 8.J Call money on the floor of tbe New York stock exchange today ruled at 7 per cent: high, 7 per cent; low, 6 per cent Time money was firm. Rate were 8 H 9 per cent. ; ' ' The market for prim merantile paper was steady. Sterling exchange waa steady, with business In bankers' billa. at 362 if or demand. Rain Stops Harvest Pendleton, Aug. . Wheat harvest and bay ing were stopped again this morning by a down pour of rain. Tb iminfall is general and tbe heaviest since early summer. Sew York Wool and Hide New York, Ang 9. (. N. 8.)-t Wool market dull. Domestic fleece XX Ohio. 28 0 57c; do mestic pulled, scoured basis, 4Oc0$1.13; do mestic, Texss. scorn red basis, 6Oc0$l.$0. Hide Market steady, native steers, $23 0 2$ Branded steera. $24027. fi .. . . " ??ew Tork Sugar ana Coffee New "York, Aug. 9. (U. P. ) Coffee No- T Bio. 10 He; No. 4 Santos. 16 H 017 He. Sugar Qniet ; raw. $16.29; refined, quiet: granulated. $21.00 0 22.50. : - NOT HIGH NOUGH POLISH TROUBLES ET New York,' Aug, 9. TT. P.) After a turbulent day; prices on the stock ex change were steadier atj the: close today. The market was nervous throughout the day, after a "big slump at the opening. During the fourth hour, however, gains were made by practically all leaders and these were maintained until the close. Reports of the Russian-Polish situation, a drop ; In foreign exchange, especially demand sterling, and the reports of cot ton, mills in New Kngland closing were the bear factors. : j i The timid traders rushed for cover at the opening and for a jtime there were scenes resembling the jwild market on June 29, 1914, when th4 European war broke out. Improvement in the demand sterling- quotations and optimistic re ports on the Russo-Polish situation from Washington, ctupled with the decision by the conference of j Premiers Lloyd George and Millerand at Hythe not to send troops to- the aid of the Pole caused the market to strengthen toward the close. - - United States Steel common sold up to 854 near the close, j after an early low, which was also -a hew low for the year, at 83. Atlantic Gulf reacted five points and International Paper over two points. i New York. Aug. 9. The stock market opened today with the general list down from 1 to 3 points on! reports of the seriousness of the Polish situation. In dustrials and oils were especially weak, while the rails held steadier. United Fruit wss off 3 st 187, Baldwin off 1H at 104. and Food Products off 2 at 56. Other opening price were : Tobacco Prod ucts 81, off H; Mexican j Petroleum 152 H. off IK: International Paper 72. oft 1 ; New Haven 33 H. off ; Republic Iron and Steel 79 H. off 1; Southern Railway . 27H. un changed; Sinclair 25, off iH ; Pan American Petroleum 79, off 1; Delaware, Lackawanna A Western 240, off 3; Reading 87 H . off H ; CruciWe 120, off H : United States Steel 85 V. off 1. During the first hour Mexican rettroleum. United States Steel common. Republic Iron & Steel, Bethlehem. Retail Stores. Baldwin and United States Rubber made! new lows for the year. There was little strength apparent in the market during the first hour' trading. There was considerable liquidation of stocks, espe cially industrials, still in progress. . Kail con tinued to bold fairly well. i Furnished by Overbeck ef Trade building: Cooke Co . Board HITSTOMARK DESCRIPTION : Open High Low Close Alaska Gold 1 HI IV 1 I 1 A Ilia Chalmers ... 30 130 28 28 H Alloy Steel . . 40 40 3941 39 Am. Agr. Chem... 75 H 175 75 75 Am. Beet Sugar ... 77 77 75 I 75 Am. Can. c 32 32 H 80 HI 31 Am. Car Fdy 131 H 133 131 H (133 Ain. Cot Oil 25 25 24 H i 24 Am. Hide & Lea., c 13 H 13 13 H 13 Am. Intl. Corp 67 .68 65 H I 68 Am. Ijnseed, c 62 62 62 61 Am. Loco., e 93 '94 91 j 83 Am. Smelter, c... 64 H 54 H 52 j 62 Am. Steel Fdy.... 34 34 33 H I 33 '4 Am. Sugar, c 117 117 115 116 H Am. Tel. It Tel... 95 98 95 95 Am. Woolen, c... 74 75 73 72 Am. Zinc 11 H ll'H 11 11 Anaconda Mining Co. 50 H 60 49 60 Atchison, c . 79 79 78 79 Baldwin Loco., c. . . 104 104 100 103 BaL ic Ohio, c. .. 33 33 32 33 Beth. Steel B 70 70 68 69 Brook. Rapid Tran. 10 10 10 10 Butte lc Sup i; ; . 16 Canadian Pacific 115 116 113 H 114 Cen. Leather, c. . . SO H 50 40 H 50 Ches. & Ohio.... 63 '66 53 54 Chgo. Hit West-, c 1 7i Chgo., Mil. & S. P. 33 83 H 32 33 ' !lH0- N- W... 67 68 67 68 ! Chile Copper 13 13 12 13 Chino . Copper 26 25 24 25 Col. Gks & Elec... 50 SI 50 51 Colo. Fuel & Iron. 30 30 30 30 Consoli Ua ..... 79 80 78 80 Corn (Trod., c . 84 85 83 84 Crucible Steel, c. . 126 128 122 H 121 H D. Sc. K. ii., ...... 5 i 5 - 4 4 JV"e. ,. 12 12 12 12 Fiske Tire 26 27 25 26 (ieneral Cigar 50 H 60 59 H 60 General Electric .. 138 188 130 H 187 General Motors ... 20 H 20 19 20 Gt Northern Ore. 31 81 -30 30 Gt Northern' Ky. . . 72 72 71 71 Greene Cananea . . 23 24 23 24 Gulf Coast Steel.. 41 44 41 44 Illinois Central. 82 82 82 82 Industrial Alcohol.. 80 H 80 78 79 Inspiration Copper. . 45 43 53 44 International Paper.. 72 74 71 73 Int'ioral Harvester. 118 118 117 118 Int. Mer. Mar. c. . . 23 23 21 21 Int Nickel 17 17 '16 16 Kas. City South, c. 17 17 17 17 Kennecott Copper.. 23 23 22 22 Lackawanna Steel .. 64 63 63 64 Lehigh Valley !..... 43 Mexican Pet 152 152448 150 Montana Power 59 Miami Copper 18 18 18 i8 Midrale Steel 38 88 37 37 Missouri Pac, c. . . 24 24 24 24 Natl. Rnamel 53 53 50 62 National Lead 70 71 70 70 Nevada Cons 11 11 10 10 New lis Ten .' 33 83 33 33 N. Y. Air Brake... 67 68 67 N. T. Central 71 71 70 70 Norfolk AW 83 89 81 88 Northern Pac 71 73 71 73 Okla. Ref. and Prod. 3 13 3 3 Pure Oil 37- 37 36 86 Pan Am. Pet, c... 79 79 75 77 Peon. Ry. 40 40 40 40 Peoples Gas ...... 28 28 27 28 Pittsburg Coal. c... 54 58 53 65 Pressed Steel Car, e. 95 96 93 94 Ray Cons. Copper.. 14 14 13 13 Ry. Steel Springs... 92 92 92 92 Reading, c- 87 87 85 86 Republic .Steel, c . . 79 79 76 78 Rock Island, c... 34 34 32 32 Sinclair Cons. .... 25 25 23 24 Sloss Sheffield 59 60 59 58 So. Pacific 91 91 1 89 91 So. Railway, c 27 27 26 26 Stromberg Motor . . 65 65 61 64 Studebaker. c . . . . 61 62 69 61 Shell 60 60 58 59 8t L. & 8. F. ... 24 24 22 23 Tennessee Copper.. 9 9 9 9 Texas Oil 41 42 60 41 Texas Pacific .... 35 35 31 32 Tobacco Prod. ... 61 61 59 69 Transcontin'tal Oil. 10 10 9 10 Union Pacific, e... 116 116 114 115 United Fruit 187 190 184 188 II. 8. Rubber, c. 82 82 80 81 V. 8. Steel, c 85 85 88 85 Utah Copper 61 61 56 68 Vanadium Steel.... 64 '64 60 62 Vir. Chemical, c. 62 62 62 61 Wabash 7 7 7 7 Western Union 82 82 82 82 Wesfhouse Electric 46 46 45 45 Willys Overland... 16 16 16 15 Total sales. $8,087,000. stocks 1,000,400 shares; bonds. 80TJTH SELLS COTTOX BUT WALL STREETj IS A BUYER New York, Aug. . (L N. 8.) Prices dropped 25 to 36 points at the opening of tbe cotton market today under selling pressure due to weak cables and the tense European situation. There was considerable selling by New Orleans and other Southern porta but Wall street bought on tbe decline. From the initial level the prices declined about 25 points further but beeam6 steadier at the end of the first 20 minute. Furnished by Overbeck Sc Cooke Co., Board oi -i raae nuuaing: Month Jan. Feb. Mch. April ........ t May June ......... July Aug. .......... Sept. Oct . Nov. ... Dec New York spot Open. High. Low. Ckwe. 2920 2933 2892 2906 J . . .... 2K83 2900 2905 2855 2868 .... . .!. . .... 2840 2855 2860 2810 2815 .... . .i. . . . 280B 2813 2R15 2790 2790 .... 3390 3370 3350 i. . .... 8280 3180 3195 3185 8170 i. . .... 3105 3045 3070 8010 3025 market barely steady; spot quiet, 50 down; mida. 3000. ' Liberty Bond Sales x ' (Furnished by Overbeck A Cook Co.) : umn. Liberty. 3 Hs. . . . 0093 Liberty, 1st 4s. ..... Liberty, 2d 4s... 8436 Liberty 1st 4. 8536 Liberty, 2d 4. 8466 Liberty, 3d 4 . . 8850 Liberty. 4th .4 . 85 Victory, 4 . ... 9564 Victory, 3.... 9564 High. Ixnv. Clone. 9092 9082- 9082 ..' v 8520 8454 8434 8450 8550 8536 8536 8474 8460 8450 8862 8846 ' 8860 8516 ' 8500 8502 9568 9562 9562 9568 9364 9560 The first electrolytic xlnc smelter has been constructed In Norway to Increase tbe production of old mines and stimu late the -development of i new cmea. CATTLE AND LAMBS SHOW VEAK TONE , LATEST LIVESTOCK REPORT Hogs Market continued firm. Cattle Market $ lower with ex ception of cheap grade rows which were Steady. : Sheep Lambs eontlnned slow. PORTLAND LIVESTOCK RCN Hogs. 839 656 8 5 60S 556 000 1146 3881 Catae. 2690 2660 . 2381 1 732 1904 1400 1540 530 Calves. 8heep- i BOO 2285 Monday Week ago Two weeks ago. . . Four weeks ag. . Year ago ...... Two years ago. . . Three years ago. . Four years ago, . , 873 WH74 217 8083 73 2416 163 125 13 1 1505 M00 656 944 Hogs were firm, cattle were slightly lower while sheep were stagnant at the week's opening- trade. Carload lots in cluded 133 of which 23 went to outside points direct. . Ea-t of the mountaoin shippers flooded the msrket with supplies of mutton end lambs st the week's opening. They were induced to ship by riajion of the tact that while Willamette val Uy lambs had been on the price toboggan re cently, no change waa shown in interior offer ings, due to Oie lack of ma net supplies. , At the week' opening there was a total of 2283 head reported in the North Portland- mut ton alleys and killer kept away from there with the sole intention of forcing values off. It was a buyers' market entirely and they were in full control of the trade. , (Jeneral sheep sfnd lamb range: East of mountain lambs . . . $11.00 11.50 alley lambs Cull lambs .............. Yearling ................ Wethers Ewes ..t. 0.0O(tf 8.00 COO 8.00 .oo 7.UO ;6 00(p 6. f0 2.25 0 6.00 Cattle Start tower While not enough "cattle were sold at the Mon day opening of the North Portland market to firmly establish prices, then, the few aalea made in initial deals" were probably 15c to 25c below those made during but week. . Killers were dis posed to hit the msrket again and aa there were 2690 head in sight, their eontrol was absolute. A total of 22 cars were for outside killers and did nut enter the trade at ail. General cattle range: Good grass steers ..$ 0.50 10.00 0.00 0 9.60 Cood to choice steers .......... Medium to good steers ........ Fair to. good steers .......... Common to fair steer Choice eows and heifers ....... Best feeders Fair to good - Good to choice cows and helfess. Medium to good cows and heifers. Fair to medium cows and heifers. Canners - - - - Bulls Choice dairy cattle. Heavy calves Befit light calves - 8.00 0 7.00 0 6.00 0 7.00 0 6.50 0 5.760 6.50 0 6.5O0 4.5O0 2.50 0 6.00 0 9.00 8.00 7.00 7.50 7.00 7.25 6.50 6.60 5.60 4 00 6.00 13.000 15.00 7.00 0 9.00 11.500 13.00 8 wine Prices Hold It was another very good market for swine in tbe North Portland alleys for the week's opening. Total run was but a fraction over eight ears and of this amount one car did not atop here. Early sales in the bog division were around previous top figures. Oeneral -hog market range Prime mixed Medium mixed Rough heavy ........... Smooth heavy Pigs .... ...$18.00018.75 .. 17.50 018.00 . . 12.00 014.50 . 13.50016.50 .. 13.50 016.50 Monday Morning Sara STEERS No. Av. lbs. Price. 1 No. A v. lbs. Price. 24.... 1005 $10.00 I 27.... 1035 $ 8.83 2.. .. 985 8.O0 I 5... ,1134 7.50 18 1205 9.50 j COWS 2 1045 $ 7.35 1 890 $ 7S63 '1....1080 7.35 8... BB6 7.60 7 847 7.35 12 1032 7.85 20..., 900 7.50 9..., 983 6.40 33.... 885 7.00 CALVES 14..,. 262 $12.00 65.... 214 $13.00 8.... 200 13.50 SB.... 221 13.60 5.... 102 15.50 14.... 231 8.00 21 219 13 50 5 144 14.00 7 325 9-00 BULLS 18.... 903 6.40 I 27. .v. 815 6.50 1 1300 $ 6.00 I MIXED CATTLE 31 865 $ 6.60 27.... 815 $ 6.50 18 903 6.40 I HOGS 2.... 380 $16.50 23.... 143 $18. 60 6 130 18.50 5.... 182 18.50 54 180 18.50 16.... 238 16.50 1.... 160 16.50 10 i, 262 16.25 28 208 18.25 l ". . .'. . 1 81 18 50 12 135 45.00 12... 1,-184 18.50 9 207 18.50 i : 1 SHORT-TERM NOTES Quotations furnished by Clark, Kendall & Co..- Ins.. Security- Am. Cot'n Oil 6sJ . . Am. T. ic T. 6s. .,. . Am. T. ec T. 6s..;. . Am. Thread 6s . .1. . Am. Tob. 7s . . . . . Am. Tob. 7s Am. Tob. 7s Am. Tob. 7 Anglo Am. Oil 7 s. Armour Conv. 7s.. . Belgian Gov. 7 a . Belgian Gov. 6s. .1. . Belgian Gov. 6s..'.. BethlSm Steel 7sJ. . Bethl m Steel 7s.. . Maturity. Bid. Asked. 89 90 94 94 92 02 93 95 99 100 99 100 99 99 99 89 08 99 95 96 98 98 97. 08 92 92 97 97 98 98 95 96 90 90 97 97 90 91 97 98 86 67 71- 74 92 92 97 97 99 98 99 97 98 96 98 96 08 99 100 94 98 97 97 94 98 9. 2,1924 . lo 1.1922 1.1924 1,1928 1,1920 1.1921 1.1922 1.1923 1 .1 A2S-. . 2. .12. .11. .11, .11. .11. . 4. 7.15,1930 8. 1,1943 1, 1.1921 1, 1.1925 1.15,1923 1,15.1923 I British Gov. 5... 11, 1.1921 British Gov. 5.. .11, 1.1922 v.muiin ijrov. oa.. W. 1.1921 Canadian Gov. 5.. 8. 1,1928 Cudahy Pack'g 7a... 7.15,1923 Inter. B, T. 7s....... 9. 1.1921 Japanese Gov. 4.. 7,10,1925 Kennecott Cop. 7s... 2, 1,1930 use. Alyprs loo. 6s.. 12, Moline Flow 7a.. i... 9, 1921 1,1920 1.1921 1.1922 1,1922 1.1923 Jloline Flow 7..j... 0 Moline Plow 7a.. i ... Moline Plow 7.. I... Moline Plow 7s. . ; , . . N. Pac. Eqp. Tr. 7.. Pac. Ga Elec. 7. . . 9, 9, 9. 5,15,1922 5, 1.1925 BWHt 6s . . . 8.15,1021 tV S. Rubber 7 .!. . .12,' 11923 Correctetd daily by foreign exchange depart ment of tbe United States National bank. opening nominal rate lor bank tranaactio Draft r-Ki Par Check. London Pound . . terling ...$ .60 Transfers. Vslue. S.6t 7.11 2.11 5.02 15.20 15.25 20.40 77.75 51.65 1.00 !l0 $ 4.8665 19.30 23.81 19.30 26.79 28.78 26.79 V9.84 i ana crane . r J Hamburg-Berlin LTa Marks . ... . 3 Genoa Lire . . 6.6 Copenhagen Kroner . . . Cbristiania Kroner Stockholm Kroner . . . Hongkong Currency. . . 15.15 t 15.20 20.35 77.25 Japan Yen. . 51.40 snangruu ! Taels .... a.08 Foreign Exchange Market New York. Aug. 9. (U. P.) Foreign ex change opened weak today. Sterling demand was off 7 cents at $3.60 . An upward trend during the first half hour followed, however, and at 10:30 teriing waa quoted at $3.61. Franc demand opened at .0701; lire demand .0501 and marks demand .0215. Sterling, after dropping to $3.60, rallied 2 H cents, off 4 cents net The market eontimi m-A . i close, j Sterling closed firm at . a- u. . 4e for the day. Other quotations were: Franc. demand .0714; lire, demand, .0603; marks, demand, .0214. PACIFIC COAST BASK STATEMENT Portland Bank Clearings This Week. Tear Ago. - Monday 6.741.818.34 $ 7,826.426.14 1 - i "'-'--' apefcane Banks Clearings Monday ...... i ... . 2.082 .116.00 naiance aionnsy 763,302.00 Taooma Banks Clearing Monday . . $ 692. 765. 00 Balances Monday ! ....... j ... . 123.7S1.0O ... Bawttle Bank - Clearings, Monday $ 7,609,819.47 Balances, Monday .......... 2.371,913.81 San Frwnchoo Bank - Clearings. Monday. . . . . $25,400,000.00 tea Angela Banks Clearings, Monday . . . . .$12,433,814.00 FOREGN EXCHANGE RATES ..'. OIL SURPLUS WILL 11 BrBroadan Wall j New York.. "Aug.; 8.-A growing surplus of petroleum Is the latest hiarvel to intrude itself on the) Wall street horizon. Promoteri of little companies stand aghast as they rea lize that before many months gaso line and fuel oil will be selling at reasonable prices again. ; : x- ; The old established concerns will be glad to see. the business settle down to a reasonable basis of profit, but the promoters mill have difficulty in getting the public excited over oil stocks whlje the slump is in progress.' The situation emphasizes the wisdom of investfng and speculating only in the stocks of com panies that are established. ; Wall street still has considerable mopping up tb do before the oil mess is cleaned up. ' - i The oil boom is ended. The Industry is no longer, a boom but a business. . European, events of the past week have drawn public attention to the unfavor able condition, of American foreign trade. One after another the exporting com panies are admitting that they ; are beaten. The trade balance, once billions in favor of this country, will be against the United States before the end of 1920. Tbe high prices In this country make it impossible to export to advantage even if the foreigners had the credit with which to pay, - - The high prices here are attracting from all parts 'of the world products that are needed at the places of origin but which are being sold to the people of the United States in constantly Increas ing volume. Hopeful Interviews : Cheer Money Market Two important officials of the federal reserve -system came lout with optimistic statements about the money situation, and stock market sentiment reflected these hopeful interviews. Governor Harding of the reserve board said that "so far as money and credit, for moving the crops is concerned! it is only fair to say that the country has never been in so good 'a position as it is now. Gov ernor Miller of the Kansas City reserve bank predicted that before the end of the year the Kansas district would be a lender instead of a borrower. Both these , views seem to expect a - pretty rapid clearing up of the freight conges tion on the railways. While there has been Improvement, few here venture to predict that- the freight situation will soon return to normal. Greenwood Back From Neah-Kah-Nie After a two ' weeks' outing at Neah- Kah-Nie mountain, Frederick - Green wood, manager of the Portland branch of the- federal reserve bank, Is again at his desk. Charles H, Stewart, acting manager during Greenwood's absence, returned to San Francisco Saturday night to resume his duties as deputy governor of the federal reserve bank of that city. Taken to Hospital Sandy, Aug. 9. Albert Bell was taken to the Good' Samaritan hospital because of an injury received Saturday when changing the lines on the "donkey" at the Sandy Lumber company mill near Brightwood. Bell's knee was injured. The case may require an operation. Freeman "Goes South . . Frank A: Freeman of Freeman, Smith & Camp company, left for San Fran cisco Sunday to- visit the company's branch office in the Bay city. ; Freeman is not expected- back for, a -week or 10 days. - " . . FACTS 0. 647 . A SMALL PERCENTAGE Only one-tenth of. the road mileage, totalling 2,500,000 ; miles, is improved. 5o,o6o miles per year should be im proved if substantial progress - is to be made in this form of development. ' The people of . the country are aroused, as to j this necessity and are insist 4 ent that the roads be . paved - WARRENITE BITULITHIC j WARBEX BROTHERS COMPACT Efficiency Low Cost F.W.Baltes & Company - Printers First and Oak Streets MaiolCS eWtoSII-CS ' Stocks, Beacs, Cttea. Grata, Ete. tl-$17 Beard of Trade. BaUaUag Overbeck&CookeCoe DIRECT PRIVATE WIRES TO ALL EXCHANGES 1 Mcamberf Cfcleag Bears f Trade - . i .. . . , Correspeaeeata mt lVeraa Bryaa ' Caicag -v IiwTnI - - BRING OWKES War Paper Situation Improving, Report; i Holdings Pass Peak - The year 1919-1920 has seen a material Dnprovement in the "war paper situation in various banking institutions, accord ing to the July bulletin of. the federal reserve board. . ; 1- 4 - "'-..- - : - ' ' ' ' " ,.In the federal reserve; system, total holdings of paper secured !. by govern ment, war- obligations " have evidently passed their peak and begun to decline. The bulletin says in part:. IThe board's statiKtical irevlew for the year ended June 30. 1919. showed that on June 27 of that year the total volume of paper secured by government war ob ligations under discount waa $1,573,500, 000. . while at the close of June, 1920 (June 25). the holdings of paper secured by war obligations, were ; approximately $296,500,000 less than that; figure. Mem ber bank reports' to the federal reserve board show that, taking the returns from institltutlons in lOOjselected cities, there- were, on June 20, j919.','loans se cured by United States bonds, and other war obligations- amounting -o $1,413, 000.000, while the total of; United States securities .owned was $3.3 J7, 000. 000. The corresponding figures for June 18, 1920, show a' very material decrease in the total amount of United States securities owned, "while a . corresvohd'' .g decrease in the total volume of . loans secured by government war. obligations id likewise reported, the respective j figures being $742,388,000 of paper and $l,!i87.832.000 of securities owned. " j - - .. : Auto Demand Still Good, Says Company When J. P. Morgan j Co. recently bought into the -General Motors corpora tion. Wall street wondered that the bankers should take such a step at a time when the outlook for the automobile trade ww .to uncertain. One of the Morgan grouphas been quoted as saying that the bankers were i perfectly well aware of the talk of falling off in de mand for automobiles, but they insist that In some parts of the country it is -still impossible to supply the demand for machines. , They bejlleve - that the country is still short-of its requirement in this line. It is announced that no effort will be made to expand General Motors plants at the present time, beyond completing the new plants' under way. '!'".--' .' "Its -Range " ;"What a deep voice jyour daughter hss." ; ; - j ' "Too deep. Since ehe lias been taking singing lessons it goes down to the very bottom of my pockeU" $47,100 Tax Exempt General Obligation Bonds PORT of BAY CITY .') T : Oregon YIELDING SIX-FIFTY PER CENT Dated May i, 1919. Due serially 1925-31. Denominations 4 1000. J 5 00 and $100. Prices to net 6J4 Principal and Semi-Annual Interest Payable in New York or at Morris Brothers, Inc. Assessed valuation of the . The totitl bonder! ITUATED on Tillamook Bay. a natural har bor, th port is - opiner country, vastly rich in potential wealth, more than 24000,000,000 ber being inc uded. Telephone ojr. Telegraph Orders at Our Expense MORRIS BROTHERS, Inc. The Premier Municipal Bond Hoae Between Kstabllalied Qnarter of a t'eatsry 6th and 6th iMorrl Bid;., Streets Capital One -Price 92.86 To Yield 7.75- Five-Year 6 Gold Bonds of one of Canada's greatest wheat-producing regions 1 . ' ; . j Province of -MANITOBA- The assessed-Valuation of Manitoba is $680,000,000.: Its net bonded debt is $33,890:870. ; Orderiby Wire, I'hone, Letter or Call flillltilllt I I IlILAiAII SU lJjadcriapcrvtolovOrogcm.5a Bonds -Trusts Acceptances I Lumbermens BIdg. HALL Sc Bur and Sett U. S. Government, Forefga Covemroent ' Railroad, Public UUUty, ladustrial. Municipal Quotations Lewis BIdg., Portland, Or. Financier Reports Good Movement in Northwestern Bonds ... Issues of Northwest municipal bonds, carried by Morris Brothers. Inc.. have attracted heavy aKreKate investments during the past week. statH John! U. KUieridge, president.. There lias, he re ports, been a strong movement in those securities, noteworthy features of which are their: present low market quotations and exceptionally high yields, combined with absolute safety!. k- . 'The general belief, prevmline; throught jthe financial world, that jtlie present low market and high yielA on municipal! bonds Is oon to under a marked 'change and that returns ttj the Investor " will be leas, is resultiiiK in a etronir movement In Northwest ntuitU-i-pals," said lOtherlriprer - j "Then, too, there Js the prosperity feature of Northwest munk-ipitlH. whlih is vtry attractive. Our: whole -territory ts a urowiiur one. 'with i-onsiant im provements beinc . installed with very larprc increase in vuluw .as a renult. This all adds to the attractiv.ness; of thewe investment e-uritios and ha ! its part in the brisk demand for them." Pacific Buying Is Showing Decrease , . L.I Kew York, Aup. 0. The Credit Clear ing Hotise weekly reixrt for the week ending AueTJHt 6. of mf n hanili.slnR ai liv ities by wholeKalerw shown a Bltjrht Im provement by the decrease in the gen eral 'indebtedness of the country; mer chandising, however, has not - Improved in activity as much as Is usually noted at this season of the year. In the Pacific coast Section buying shows a decided decrease in activity from all three periods of comparison. Indebtedness shows an increase ttnd payments are less active. France May Want Loan to Pay. Debt -There seems to be a prowlnc expecta tion among bankers that Krunce will try to borrow some money from thla country to take care of the French portion of the Anglo-French foan, which matures October 15. Thus far France has re mained silent on the means employed to take up the $250,000,000. which repre sents her part of the obligation. The rumor persists that Kngland will he, called upon to help out her recent ally in a substantial way. Port District is $7,374,355. debt is but $667,000? surrounded bra fast-devel- feet of merchantable tim- Telephone Broadway SOS-1 1 Stark St. Million Dollars -1 .4 COMPANY Upon Request Telephone Broadway 960 r