The Oregon daily journal. (Portland, Or.) 1902-1972, August 21, 1920, Image 10

The Oregon daily journal., August 21, 1920, Page 10, Image 10

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Newspaper Page TextSATURDAY. AUGUST 21, 1020. 10 ENGLAND AND GERMANY REPORTED BUYING AMERICAN WHEAT Edited by lljrman H. Cobeo R. R. FINANCING HEL PS STOCKS Edited by .'ill r. Ucsslan THE "QKECrON DAILY JOURNAL, PORTLAND. OREGON BUTTER MARKET IS EXPECTED TO RISE BUTTER TO BISE ' Batter will be advanced S " eesti a posnd Monday morning. A similar ad yanee will be made In bsttertat. Butter offering rom country cream erlea are comparatively limited at the moment. It appears as if the production In various sections subsided at the same .ime. - -' ;. - -' Market for butter . it naturally boing a ttrongsr tone in eooseauence of the mote limited offerings. . All that ha kept the trade back hare is the fact that Eaateru value bad not moved ap materially. In any event foreeaaU are being freely made that ' price will rite bete early in toe coming eek. : : - ' ' Buyers are looking for country' creamery sirbes, bat tilt re ts little stock in eight. California markete continue to show a healthy demand and tone, with prieea still eomewbat Itigber than these is effect here.. Those ' desiring special inf ormetlon regarding any market, should writ the Market Editor, Oregon Journal, encloainc stamp for reply, r CHICKEN MABKKT XJOE8 BETTEB At the . weekend the Front street trade showed tn improved demand all through the chicken trade. Heavy hens were generally quoted it 28 but a few lots were sold abov. this. Light fowls bom 18o to 20c per pound. v , , .!.; EGO MARKET IS MAHKISO TIME Local in market continues to mark time with no chants In quotation practically the entire week. Most of the business continues in short held storage because ot the poor quality of cur rent arrivals. . -. ATPLE TRADE IS MOKE ACTITE - Wore activity is showing in the market for apples here. Prices are reflecting no change and the bulk of the demand i in stock that sells at 11.25 per box. - Cravenateuu will soon be offer ing from the local territory. : . j SMALL TRADING SHOWX IN WOOL Very limited trading is allowing ia the wool market at eastern centers and the local market is almost stagnant. Manufacturer, appear to be purchasing email lota here and there. ;-. Prieea rale nominal. CANTALOUPE MARKET IMPROVES , Cantaloupe market ia showing improvement aa a remit of the determination of California in terest not to ship at prevailing figures. . The market ia UU glutted with old stock; some of which ia selling very low. : BRIEF NOTES OF PBODCCE TRADE : Both veal and hogs quoted steady around for mer pneea. rotato trade Is quiet with prices weaker. Tomatoes a's about steady at 75e ta $1.00 a box. , . ! , Peaches are firmer, and higher at $2.00 2.25 generally. i ( ,- ' flma.ll holdings of late oranges reported la California. WEATHER NOTICE FOR SHIPPERS Weather bureau advises: Protect shipments during the next 86 hours against the following maximum temperatures: Going north, 78 de grees; northeast over the Spokane, Portland A Seattle railway, 86 'degrees: east' to Baker. 88 decrees, end south to Ashland, 04 degrees. Maxi mum temperature at Portland Sorday, about 88 degrees. ' New Tors. Batter and Eggs ; New York. Aus. 21. (I. -N. S.) Butter: Market, firm. Creamwv, extras, 66."8Hc; firsts, Dl H A 50 Vic: higher soring. 56tt 60: state dairy tub.' 45 56c. . Ket Market, firm; nearby white, fancy, 7f(ap72e: brown, fancy, 60 65c; extra, 66 68c; firsts, 60958c. Chicago Dairy Prodnee Chicago. Aug. 21. L N. 8.) Butter Becerpta, 11,689; steady. : Eggs -Beeeipta, 8804 cases: stesdy.- .1 Cheese Twins, new, 24 tt g 25c; Dai-lee, 1 23 25 He: Young Americas, 25M26c; . Long Uoms. 23 tt 26c; brick, 28c. Live PmuHry-r Turkeys, 45c; chickens, 29c; rooster. 84 Vac; springs, 24c; geese, 22 25c: ducas, 82c. ! Chicago Potato Market - ' Chicago. Aug. 21. (I. N. S.) Potatoes Receipts, 65 cars. Jersey Cobblers. $2,75 0 2.80. . Veal, Hogs and Poultry Will bring top prices when shipped to us, Ask Your Neighbors About TJs. ' Writ for Quotations and Tas; ! BOLLAM & CO. ISS FRONT ST. PORTLAND, OR. HIDES, PELTS.WOOL ' Ca tears. Bark, Metals, Bibbers Writ tor prloaa and shipping tag- L. SHANK &; CO. tit Frost Street, Portland, Oregon ARK SHIPMKNTS TO . . row: aiaHCST rmoca prompt av Write for Prieea ' C8XPAX7 DAIRY aUTTTsft 0RS.AM COOS POrrrVANO. Oft. Ship as or write for prices on Eggs, Veal, Hogs, Potatoes, etc. Let us quote you prices for f roceries. Call or send as i list of what you want We can save you money. QRIEN VAN SCHOONHOYEN 193.195 2nd. Cor. Taylor. Portland CASCARA BARK - Ship to us and receive THE HIGHEST PRICE We want all you bava Writ for tags and prieea. SCLLITAN HIDE WOOL CO. 144 Front St. Portland. Or. WB WANT YOUR . . Veal, H o g s, Poultry aaas. brcssco hoes, cascara sVARK, MOHAIR, WOOL. CTO. . WRITS US FOR PRICES GULLICKSON & CO. fcit.bled imlr 10 rrent et, Pef i. Of. ISSUE 51 WRITE FOR SHIPPING TAGS We Get Ton PrV SMIf. US yon, Hon. Chickens, veal, Potatoi other Svr!? t ' producta the year around. uuucs w hate a market for your HOOS Uarket wontuues firm and staff h In demand.' ' Sales at is. . 1 , - . !ndUnp IfrtT Gb" "Z ; :V2SZStr toalUpwheaeooler. POTATOES iilow. Selling at S2.60 to S3.00 cwtl I . " MIOK8 Prie. atiil eontiauea low. . Sheridan-Bacldey Co., Inc. ... FRUITS AND FRODUCE . "... I t Phone Main 7922 211 Washington St. J : - ' . Weferaneet HIBERfllA tVINSS BANK . sesa) Potato firvm- AsswclaUeeai That Shi. la Oar Leu r Less Scl Use Oue Servtoee 3 MAR-ICE T ElASK-ET RETAIL. PRJCXJ . :"ThOBO consumers who are! In a hurry to buy their fresh produce at the public market during: the) morning; . hours are being: charged more money In many lines than are In effect during- the afternoon. ' For instance grreen corn ia quoted., at 40050c- a dozen during the morning;' while In the afternoon similar stock ia sold down to 25c a dozen. ; The fact remains that corn is , so plentiful that prices now In effect are holding . back consumption to such an extent , that much of the grrowth is likely to spoil in the fields. The pig glut of low priced cantaloupe appears to b . over and new stock is showing; a fractional advance. How ever,, there remains plenty i of the old stock of good quality that ia selling around Sc each. . . - i . . " Butter market is expected to show a fractional advance in price early in the coming week. Chickens are slightly advanced in price. i The following prices rule generally in retail shops for good quality. Some values are t Fic tionally .higher sad inferior stuff fractionally lower. ' ' ' ; ; ' v .. ' Butter Best creamery,, 65 70e. " Ega Kreh. laid, 60o dozen;: fancy freah. B5e per doaen. ' . Poultry Chickens', dressed, 80 4 Oe per lb. Fih -Salmon, 25c per lb.; halibut, 30e lb. i Hour Best local patent, $3.20 0 4.80 per sack, 49; lbs. - "... . Potatoes Burbanks, 4 5c Onion. Dried, Zhi4c Strawberries Oregon, 20c per box. Kaapberriee Local. 20e peg box. i Ixgaoberriea-T-Fancy 15c i Blackberries 15c per box. WHOLESALE PRICES JN PORTLAND The, are prices retailers pay wholesalers, ex cept, aa otherwise noted: Dairy araduu 1" : BTJTTEB Selling price, bos total Creamery prime, parchment wrapped, 59c lb. : prime firsts. 57e lb.; firsts, 66e lb.; smaller lota at an ad vance. -Jobbing prieea: Cube extras, 54e; firsts, : 82c , . - . i BUTTEHPAT Portland delTvery basis. 62e; country ststions, 67 (3 68c . . OLEOilAROARINb vat brands, 40e; ordi nsry, 88 He; baker. 83c; autmargarine, 1-ib. cartons. 82e per lb. OHEEBB Belling price: Tillamook, fresh Oregon, fancy triplets. 82 088c per lb.; Young America, 84 85c Prieea to Jobbers f. o. b. Tillamook: . Triplets, 29c; Young America, 80c Belling prices: Cream brick, 40 042c Selling price: Block Swiss. 48 v 40o; limburger. 40 42c per lb. EGGS Buying price: Current receipt, 47 948et candled, seUiag price. 5 0 5ac; se lect, 54 9 55o per doaen. LIVE POULTRY Selling price:' Heavy hens. 28c; light hens, 1826e springs. 27 31c; old roosters, 10c per lb. s turkey. , live. ) ;" ducks. 23 8O0 lb. - ! ,-'v-.' :., j rreah Vsattablas and .Trait FBESH FBOIT Oranges, $8.75 7.80 per 6ox; bananas, 119110 lb.: lemons, $4.60 S.60 per crater grspefrult, $5.00;: cantaloupes, CaUfornia Standard. $1.60 2.25; pony, $1.25 1.50; flat, 60 75c; Malaga grape. $3.50 per crate; seedless grapes, $3.25; peaches $2.00 2.25 box; peach plums, $1.00(9 1.50 crate; pears. $4.60 5.00. , APPLES Jew, $1.00 01.50. ? DRIED FBfJIT Dates, Droraeelariea, $7.50; Fards. $4.00 per box; figs, $1.50 6.00 box. ONIONS Selling price to retailers: New WUe Walla. $1.50 1.75f garlio, 25e per lb.; i green - ooiona, 25 40c dosea boachea; onion sets, 17 18c lb. 1 POTATOES SOng price: . Oregotf' fancy, 2.2502.76. i B EH HIES Blackberries. $3.00 0 8:60 crate : VEGETABLES Turnips, $3.50 sack; car rota, $4.00 aack; beets, boo dozen bunches; let tuce, $1.75 crate; cucumbers, 25 50c box;: tomatnea, 75c 0 $1.00; egg plant, 7c per lb. ; broccoli, ' ) ; bell peppen. 12 He; celery.! $1.25 dozen; string beans, 3c per lb.;' green com. $1.00 1.50 aack. i I i RReata and Prevlslona . 1 COUNTRT MEATS Selling pries: Country bogs. 23 0 240 lb. for top blockers; heavy, 18c; vesl, 23 Me; heavy veal, 16e ib. ! SMOKED MEATS Ham. 424e per lb.; breakfast bacon, 42056c; piccica. 25c per lb,; cottage roll, 8 So per lb. LABD-r Kettle rendered, 23e lb.:; tierce basis, compound, 20c . ' Fish and Shellfish FRESH FISH Sakuion. freah Chinook. 17 9 18a lb.; halibut, fresh, 15 018c per lb.; stur geon, t ) J black cod. 10 0 lie lb.; kippered salmon. $2.60 per 10-lb. basket; kippered cod, $2.35; rasor dams, ( ) ; crabs. $2.75 S.7 5 dosea; ling cod. 0 80 lb. - t Orocertes SUGAR Nominal prieea, refinery basis: Cube, $22.10; fruit and berry, $21.26: D yel low, $20.65; granulated, $21.25; extra O, $20.80 , golden C, $20.75. . HONEY New, $7.OO7.60 ease; - KICE Japan style. No. 1, lie; New Orleans head ( ) ; Blue Boss, 144o per lb. SALT Coerse, half ground. 100. $17.25 per ton; 60s, $18.75; table dairy, 60s, $27.25; bales, $3.80 0 4.00; fancy tabW 1 and dairy, $30.50; lump rock, $26.50 per ton. BEANS Sales by. Jobber. HmsTl whit., 7Ha lb. ; large white, 74o lb.: pink, 8 He lb.; tdmae 12 He; bayou. 11 He: reds, lOHc; Ore gon beans, buying prices, nominal, 1 6 H e lb. CANNED UILK Carnation, $6.50; Borden. $6.50; Astor, $6.40; Eagle, $12.35; Libby. $6.50; Mount Vernon, $6.40 per case. - COFEEJS Boasted. 348c In sacks or drums. - 1 . SODA CRACKERS In bulk, 20e per .lb. NUTS Walnuts, 85040c-per lb.; almonda. 89c; filberts, 82c in nek lots; peanuts, 14 H 015c-, pecans, 25c; Bra ails, 35c ' Rope, Paints, Oils I, . BOPE Sisal, dark. 18 He; whits, 20e lb.; standard al-nila, 26 He . LLNSEEO OIL Baw. bbla.. $1.69 gaL; kettle boiled, bbla.. $1.71; raw. eases. $1.84; boiled, cases, $1.86 gauon. COAX. OIL Pearl or water white in drum or iron barrels, 17 Ho gallon; cases, 80e per gSltOIU' GA8OIJNE Iron barrels. 26 080 He; eases. 41 He; engiae distillate, iron barrel, 16c; cases, WHITE LEAD Ton! lota. 15c;, 600 Iba.. 15 He per lb ' TURPEHT1NE Tanks, $2.26; cases. $2.41; 10 , case lots, lc lesa j - Hops, Wool and HWse :J HOPS Nominal, 1910 crop, 70e pound. HIDES Salt bides (all weights). 11c; green hides (all- weights), 9c; green or salt calf (un der 1C pounds) , 20 22c; green or salt kip (IB to 80 lbs.), 1216e; salt bulla, c; green bulls. 7c; dry hides, 20e; dry salt hides, 15c; dry calf u aurr 1 id.;, 20c id. - I v . SALT HORSE HIDES (Large). $4 each: salt horse bides (medium) , $3 each,; salt boras hide (small), $2 each. . ' . . PELTS Dry fine long wool pelta. 15c; dry medium song wool pelts. 12c; dry coaxes long vvl pei, i iw, - t .-- SALT PELTS Salt long wool pelts, $2.00 9 $.00 each;, salt lamb pelts. 60 75e each; salt sheariuigv 25 0 60s each; salt clippers, 15 0 25a each. - - , MOHAIR Long. 25c; short, 15o lb 5 TALLOW AND GREASE No. 1 tallow. 7c; Nc 2. 5c ... - " - CASCABA BABJE Kr pseL gHe lb. J old Dried Frolt and Beans -1 S i, New York, Aug. 21. (L N. 8.) Beans Market, steady; marrow, choice, $11.50: nea. choice, $7.50. - -. i-:- i-u ' Dried traits -Market, quiet. Apiicota. extra tihoice . to fancy, 2 6 3 7e ; apple, , evaporated. ?V,J.;C' 18 18 He; prunes, 80s to 60s. 17H 26c; 0s to 100a. 11 H 16 He; r-eaches, extra choice to fancy, 19 H 21 He; seeded raisin, choice to fancy. 23 H 025c i ; MinneaiVAlia Plav Market ' l.JM,e5.A. cr s-erux. amve, 9.cs. 4 - 1 , SAT., AUG. 2!, 1920 I7rA All j... i -rrrc if P- EUROPEANS BUYING WHEAT IN TRADE BOW WHEAT RULED Bid I Long MJto tt t Se -tjtii ' e 2J7 ' Se uil 4e tli i Se Hard white Soft whit White dab ..... Hard winter .... Kertbera Spring Red Walla ...... r .... NORTHWEST ORALX BECED7T8! Cars . . i Wheat. Portland, Sat. .. - 24 Year age. ... 81 Total this week. 822 Year ago .... 254 Sea -on to date. .1963 Year ago ....1009 Tacnma. Fri. ... 14 Year ago 10 Season to date. 870 Year ago "-, 423 Seattle. Fri.... 8 Year ago .... 25 Season to date.. 164 .Year ago . . .' $02 Bar. Kir. Oat Hay. i 1 - 11 j 25 4 37 1 S i 4 'll 57 84 If 0 87 77 132: "k. 32. !: 2 1 89 ir 81 62 175 2U3 . 1 t4 "I 10 200 203 I 118 j 150 Ti 31 3 8 ' 3 ' 39 62 142 m 8 53 ; 66 Limited purchases of wheat are being reported at various American 1 centers by Europeans. - Some business is jpass Ing with Germany and a fair volume with Oreat Britain. l Reports indicate that the British baying com mission is trying to disguise its purchases in the hope of keeping the trade in ignorance of the ' foreign demand. That secret deals are being made is now generally reported the tde,5-'":-i- i-'-'K; ; 1 ; : V ; ' " Beeent strength ia the- oats trad here ap pears to be due generally to the fact that the Willamette valley crop is ant up to expectations while the total area in tbe Pacific Northwest is smalk, ' fj :" j i : -: v Hay market continue active: but the baying is mostly because of the impending freight rate advance. " j - i .-f-. t'LOCB SeTUng prices.) mill door: Pstent. $12.05; Montana spring wheat, 818.25s Wil lamette valley brands. $11.20; local straighjt, $10.80; bakers' local. $12.95 18.25; a-raham. $10.80; who, wheat. $11.05. 'Price for city deliveries 15e extra; suburban, f 20o extra, HAY Buying price, nominal:- WUiamett timothy, fancy. $23.00 29.00; per ton; 1 vetch, $2.O0r cheat. $29; atraw. $10.00; clover. $22.06; grain $23.00: alfalfa, $24.00 26.00 a ton. - . i i GRAIN BACKS Nominal. New crop' deliv ery: No. 1 Calcutta, 11 13c; domestic, lSe in ear lots; less smonnts higher. . MILLSTCFFS Mill ma eat , mill, sacked. $59.00 0 60.00. . i t i OATS Per ton. buying price: :'. Feed. $48.00 49.00. .i i : 1 " BARLEY Buying price: Feed, $47.00 43.00; milling, $46.00 47.00; rolled barley, selling price. $57.00 0 68.00. r SEED Baying price: Bed clover, redeened, SOo per lb. ! f ' Merchants' Exchange bids: 1 . WHEAT : " " ' Sept. Hard white .; 230 Soft white ..j 228 White club 227 Hsrd winter 227 Northern spring .......... 228 Oct. ; 230 i 228 227 227 : 228 Nov. 230 228 227 227 228 225 Bed Walla . . . . . -iz FEED OATS I . . . Aug.! . . . . , ,4900 ....... .'4550 BARLEY ; . 225 I: Sept. f Oct. 4900 jl 4900 4600 4600 4900 i 400 4800 4800 Nov 2 white No. 2 gray . Brewing .5100 Feed .......'.,.,......,5000 CORNs i No. yellow (bulk) . . . . . .3400 6350 i 6300 6326 I 41250 Eastern (bulk).... .6400 Wheat Is Lower In Chicago at End of; Trading s. . . - . L-;.J; - ' Chicago, Aug. 21. (L N. B'.) Local bear lih preasare exerted- itself soon after thai open ing today, sharp declines resulting. Prices in an grains closed lower and near the bottom prices for the dsy. ; December . wheat finished 3H4H lower; March, 3 down; September earn closed 2 He off; December, lc lower. and . May. 1 H W 1 c lower. , September oats dropped lc for the day';! December, 1 1 He off, ana May. 1 01 He lower st the finish. Weaamees' in wheat futures was due to the falling' of f in export demand and a report that Canadian wheat was sold at the seaboard yes terday at 10c under domes tio grain. i - Continued beneficial rainsi were reported hav ing fallen over Wisconsin, Indiana, Illinois and Missouri lsst night.. This i led to free selling and a lower rang, in com. Oats futures lacked the Individual snap that was. so evident for the past fewidaya and fol lowed the downward- trend of corn. . Hog products closed higher for the day on good buying support credited to packers, ; ' -..in ; . ' H, ' ' :S Bangs of Chicago prices at furnished by the United Press; . i . . ,. ... i TTTI": 4 "P Open. High. Low. 236 288 231 4 238 239. 233 H CORN I .. '! 144 143! 141 i 122 123 U. 120 H BARLEY , "a e 104 H 1043k '104H OATS 68. 681 ' 66 - 68 H 68 H : 66 H POBK i r . 2416 14t5 2410 2495 23f$ 2480 LARD I Close. 232H 235 142 120H 105 104 1 V 664 67 , ' 2465 '2360 December , . . March September December .. , I wv,-: : September . . December .. , 'Reptember .. iDecember ' - :. " September . ,' JOctober September - . October .... - f 1817 . 1847. 1815 1845 1870 I860 1850 1880 RIBS i , i September .... 1483 October 1535 130 1480 1495 1552 ' IfiSO .-: 1K4S I Cash Wheat No. I red, $2 54; No. 2 red. $2.53(31 2.84; No. S red, $2.52; No. 2 hard. ' "' '"' 1 , ! " ''1';:":. i DAIRT PRODCCTS OF THE COAST- Seattle Market .!- ..j Seattle. Ana. 21. (U. 1 P.l BntinwOiT creamery cuoea, soc; oncaa,.oc. . Eggs trreMi raneb. 68e; pulletst, 47e. Poultry Hens, 25 87c. i " - Lee Aneetea Msrks. . Los Angeles. Aug. 21. I L N. S.l Butter Eais Freals extras. 66a eaa extunt, 73e; pullets. 48c; peewees. Sic pouitnr unci POTATOES ALONG 'THE COAST ; gieattle Market " fieetfle in. 9 1 Trmtimm Tew :P7aafti1n. Ion Netted Gem. 3 3 He; local, 2H Bc , Los Angeles. Ana. 21. (L N. S.) Pot toes Local Early rid White Boee fancy No. 1, asosUy $1.851.50; No. 2. 75e $1.00 ; lug; Sacked. No. 1. $2.75 3.00 Stocktons, mostly $3.25 $.t i v 4 Tarions Grain Market ' Minneapolis Cash wheat So. 1 dark northern. $2.6002.60; No. 8, $2.402.5O: No. 1 north ern. $2.4602.30: No. 2. $2.4102.45: Ne. 8. $2.40 2.50; Nc 1 red spring. $2.41: Ne, 2. $2.86; No, g, $2.81; No. 1 dark hard Montana, $2.55; No, 1 hard Montana. $2.60; No. 1 durum, $2.S02.$6: No.! 2. $2.2502.30; No. 8, $2.15 2.25; corn Noi S yellow. $1.58 (a) 1.60. - , ... . , , ; i .i.'-. . .j . , London Corn and oata nnohanged. 2 Dnluth Cash wheat No. j 1 dark northern, $2.502.60: No. 1 northern. $2.4502.55; Jc2, $2.40.50; Nc 1 durum. $2.SO 2.60: No. 2. $2.45 2.5T-, rye, $1.4; corn N?-,8 wiled, $1.51.68:iosts Ne, 2 white. ASH 0 67 He; No. S, 63H61He, I uverpool Pkrcel market l eloaed. eorA na eaanged; oats easy; barley oniet. ! New York Wool and Hides i r New York:.' Auk. 21. Wmi, , if., v.. . . """"""i uto,aa wae, auseenc; do mestito pulled scoured basis, 40c $1.15; do mestic Texas scoured basis. 60e 1.20.V 1 I Hides Msrket, derasnd improving; native steen, 29 028c; branded steer. 24 25c New Tork Potato Market New York. Ana. 21. Pototn lln hntv t... ral or bag) Market firm. Nearby white. 88.00 0 4.50; Southerns. $1.004.75. . . , I New Tork 8ngar and Coffee New York. Aug. 21. (U.i P.) Coffee No. 7 Rio, 8 He; Nc 4 Santos. 1 4 H 1 5c. Sugar Raw, dull: $11.00 12.04; refined, duu; granulated, $17.10 023.50.,, - , I NaTal Stores Market- ? New Tork, Aug. St. (LIN. S.) Turpen tto -Strmnth, $1.47: New1 York. $1.60. Xioua bavannab, $18.sa,; New York, $14.50. HIGHER LEVEL IN - CL New Tork. Aug. 21.e-(TJ. P.J United States Steet was quoted at off , at the opening- of! this to-- exchange today. Mexican Petroleum was, 159, up H: Canadian Pacific company 47, up 5 Oeneral Motors un changed at 21; Baltimore fe Ohio 38. up M I Republic Iron Steel a. up H ; Bethlehem B 75 , up I '.Tobaceo Products 63, unchanged ; Pan-American 85. up ; Beadlns 8. up ; U. S. Rubber 86, up tt ; Crucible 136, up , . i The market closed higher. The market swung upward during the last half hour of trading, and Texas company - made a new high on the move. At 47 H- Vanadium aluo made a new hith on the move at the close to 73. Retail atoresj got above 68. Furnished by Overbeck Cooke Co., Board of Trails buuding; USING SESSION I'hSCUiP l iON: 1 Open High Low ( Close Alaska Gold ..... 1H lHt 1H Hi" AUi Cbalmera .... 81 81 80 H SOW Alloy Steel ...... . .....40 Am.Agr. Chem, , 4 77 H 77 77 H 77 Am. Beet Sugar . . ..... ..... . .... 73 H Am, Can, e. 84 H S4H 84 H 34 H Am. Car Fdy....v 184 H 184 H 134 H 188 H Am. a L.e.. 14H 14 H 14 H 18H Am. H. L., pfd. . 73 75 75 75 Am. Int. Cor..... 12 72 H 72 71 Am. Linseed, e. . .. 71 H 71 H 70 70 H Am. Loco., o..... 85 H 66 95 H 65 H Am. Ship A Com., 21H 214 21H 21H Am. Smelter, e. ... 65 H 63 H 65 H 85 H Am. Steel Fdy.... 86 H 86 H 36 Hf 86 H Am. Sugar, e 114 114 . 114 114 Am. Sumatra Tob. . 84 64 H 84 84 Am. Tel. A Tel... 96 Am. Woolen, 78H 78H 78 789t Am. Writ's Pa., pfd .51 51 49H 60 Anaconda Mining, . 62 H 82 H 52 W 62 Atchison, e ...... 81 H 81 H 81 H 81 H At. Oulf A W. I.. 136H 137 183H 135H Bald. Loco., ...... lOS H 107 H 105 H 1U6 Bait. A .Ohio, e. . . 88 88 H 87 H 88 H Bethlehem Steel. B. 73 H 76 H 75 76 H P-oc-h Magneto.... So H 86 85 H 86 Brooklyn R. T. 9H Butte A Superior.. ............... 19 CaL Packers' Assn.. 67H 7H 67H 67 H Csl. Petroleum, c. 26 H 26 H 26 H 26 do pfd ........ ,68 68H 68 67 H Canadian Fac .... 120 121 H 121 119 H Central Leather, c. 65 H 65 H 54 54 H Cerro da Pasco..,. ,.i.. 87 Chandler Motors ... 86H 87. 66HJ86H Che. 4. Ohio .... 67 H 6TH 67 H 57 H Chicago t W o. ..i ... 8 - do pfd ........ 21 21 21 21 C. M. A St, P. . ... 33 H 84 83 H 83 H CulcatfOt N-W. . 70 70 70 70 Chile Copper ..... 14 14 14 1 13 Chino Copper ..... 23 26 23 26 H OoL Gas se Else.. . 53 Colo. F. A L .... 83 H 86 35 H 85 - Cons. Gas ....... .'. 78 78 78 784 Corn Prods., c... 83 88 88 88 Crucible Steel, c . 138 187 135 135 CoL Graphophone. . 23 23 H 23 23 Cubsn Am, Sugar... 41 41 41 41 Cugn Cane Sugar.. 86 36 30 80 H Denver A B, U.. c. . . - . . ..... ..... 4 du pfd ........ 10 10 10 1 Erie. c. . ..... 12 12 12 12 do pfd. ....... 19 H 20 19 1 Fiske Tire 27 27 27 27 Gaston Williams . .... . I 9 General Cigars 62 General Electric .. 142 142 142 y 140 General Motors ... 21 22 21 22 Granby Con. .... 86 36' 86 86 Gt- Northern Ore.. 81 32 81 H 31 Gt. Northern By. .. 72 73 72 72 H Greene Cananea ... ..... ..... 24 Gulf SUtea Steele. 54 55 54 54 Ice Securities . . , . . . . . . . . . . 87 Illinois Central ... 83 83 85 85 Industrial Alcohol, . 84 84 84 H 84 Inspiration Copper . ..... ...... 4 5 International paper 79 H 81 1 79 80 Int. Mer. Marine, c. 25 25 25 24 H do pfd. ....... 73 73 H 73 73 H Int Nickel ...... 20 20 20 f 2o Has. City So., c... 18 19 18 lt Kelly Springfield .. 77 77 77 76 H Kenoeoott Copper.. 24. .24 28 23 Keystone Tire .... 17 18 H 17 H 18 Lackawanna Steel . 69 69 68 68 Las. Earn. Players.. 72; ; 72 72 ; 71 Lehigh Valley .... . ". 44 H Maxwell Motors, e. 11 H 12 11 H 11 H Middle State Oil.. ,12 12 H 12 11 Mexican Petroleum. 159 160 159 159 Miami Copper ..... ..... 18 Midvale Steel .... 89; 89 89 89 Mo. Pacific c .. . 25 H 25 H 25 23 do. pfd. ...... 44 44 H 48; 43 National Enamel . . 69 69 89 169 National Lead ... 74 74 74 78 Nevada Consolidated 11 11 11 11 New Haven ...... S3 H 83 83 83 N. Y. Air Brake , . L 94 N. Y. Central .... 71 72 71 H 72 Norfolk A Western 00 00 DO 90 Northern Pacific .. 73 73 73 i72 Okla, Ref. A Prod. 8 4 ! 8 Pure OU 88 88 88 'S8. Pan Amer. Pet,, c. 85H 87 85H 86 Pennsylvania By... 40 40 40 40 Peoples Gas ..... ...I. ..... ..... 2S Pierew Arrow .... 89 40 89 89 Pierce Oil A 13' 13 12 12 PiUxburg Coal, c... 611 01 61 61 Pressed Steel Car, c 95 95 95 9.5 Pullman ........ 111 111 111 111 Bay Cons. Coppsr. . . ; . k . . .... ...... 14 By. Steel Springs.. . .... , .... . .... 93 Heading, c, ...... 89 90 89 89 Royat Dutch.. .... 81 81 81 81 Rep. L A S. c... 82 83 82 82 ReuU Stores 67 H 68 .67 H 68 Bock Island c. ... . 34 85 34 84 do pfd-, "A" ... ..... ..... :73H Shattuck Copper i . ...... ..... 8 H Sinclair Cona. . . , . 26 H 27 20 :27 Sloss Sheffield 86 i 69 66 167 Southern Pacific . . 92 j 92 92 92 Southern By., c... 27 27 27 26 Stromberg Motor . . 72 75 72 75 H Studebaker. c .... 63 63 H 62 63 8heU ......... . 49 49 49 48 Bt. L. A S. F. 25 25 24 24 Swift A Co. ..... 106 106 196 H 106 H Term. Copper .... H 9 Texas Oil ....... 47 1 47 47 47 Texas Pacific . ... 4 $5 84 84 H Tobaoeo Products. . . 63 H 64 68 63 Transcontinental Oil 10 10 10 10 Union Pacific, c... 117 117 117 117 Union Psdfic, pfd. ............... 64 Union Oil of Del.. 27 28 27 27 United Food Prod. 59 58 68 68 H D. S. Rubber, c. . 88 86 86 86 V. S. Smelt. A Ref. 51 51 61 60 U. 8. Steel, c.... 88H 89 88 88 do pfd. i . j . . . . . . 106 Vanadium Steel.... 70 72 70 72 Virginia Chem., e. . . . . . . , . . . . ..... 65 Wsbash 81 8 .8 9 do A , 24 25 24 25 ! do B ...... , 15 Western Union..., 82 82 82 82 Westingh. Electric. ... j . J ........ . 47 White Motors..... ... J . . . . . 47 Willys-Orerlapd . . . 16 16 H 16 16 Woolworth .................. 1054 Worth tngt on Pump. ) 61 .61 61 H 61 H Total sales, stocks. 233.700: total sales, bonds. $3,335,000; weekly stock sales. 2,183,600., OFFERING ABSORBED IN COTTON AND PRICES RULE HIGHER New York, Aug. 21.--(L N. 8.) The cot ton market bad an active and generally weaker opening today at a net decline of 13 to 32 points, except July, which started 6 points high er. At the outset favorable ! weather news from the belt appeared to be offset; by local and hedge senmg, out as soon a mesa oiiennga were ab sorbed, tiie list became stronger and shot Bp 82 to 50 points from the low level. Increased short covering late in the dsy caused a very steady tone, August closing 485 pointa higher while the other positions showed net gains of 23 to 65 points. I . Furnished by' Overbeck A Cooke Co. Board Open. High. Low. Close.' 2510 2565 2560 2565 .... . . i 2560 2495 . 2550 2495 2550 .... 2540 " 2475 '2530 475 2530 , . . . . . . . . 2520 2475 2515 1475 2513 B726 2726 2723 2708 2680 2750 2675 274250 2594 2650 1 2588 2648050 Janeary .... February ... March, , ... . April ...... May ...... June ...... July' ...... September -, October .... November . . December . . New York spot, market, saeds.. 8350; quiet; nnenangea. v Liberty Bond I Sales t Furnished by Overbeck i Aj Cooke Co.; o Trade bpiUing: ' s I Board Open, i High. 8998 I 8998 8436 I 8486 8446 ! 8446 Low. 8990 8434 ' 8428 8470- 84$8 S782 8478 9556 9558 Close. Liberty. 3 Ha .. Liberty. 1st 4a Liberty. 2d 4 a . i 8992 8434 8430 8470 8444 8782 8478 9556 6558 Liberty, lot 4Hs., 8484 Liberty. 2d 4 Ha.. 8438 8484 8454 8790 8482 Liberty, Sd 4 Ha - 8784 Liberty. 4th 4Si. 84 78 Victory. 4a :.. 9560 9560 Victory. 3s ... . 9558 t 9558 s New Tork-London Silver I : New York, Aug. 21. L N. S. ) Commer cial bar silver: Domestic, unchanged at 81.01 Hi fore u a. unchanged at II om London, Aug. 2V.. (I. Jf. B.l-Bax ailrtr wai-unchanged today at 63 d . 7 NO LIVESTOCK IN PORTLAND ALLEYS PORTLAND LIVESTOCK RUN ' Hoax, Cattle Calves. Sheep. risturday. Week ago. ...... , 87 Two weeks ago.... ... Four weeks ago... 887 Year ago ......... 109 Two years ago..., 326 Three yesrs ago ... 275 Four years ago ... 163 26 81 664 4 . 238 2 75 3 : - t 0 91 408 22 35 iNo arrivals at -all reached the North Portland market for the Saturday trade. Oeneral price list was unchanged. - Recent disposition of toe trad, nas oeea ta atowly soften the price of hogs, but as there were no arrivals here for the week-end, prieea were not given a test, : ; - -: v: . -'it. t General nog market range: i r - . Prime mixed ............... $t-5x2 liSS Medium mixed . 16 00916.66 Rough heavy 4. , , ... . . .1 10.0018.00 Smooth heavy . 1 8.00 18.60 Pigs 12.801SJ)0 - ' -'. -: - Cattle Demand Fair ' : In the cattle alleys there were no arrivals for Aatnrdav at North Portland. Recent demand ap pear to be fair and price snow no change for the last Jew days, i Uenaral catUe range: . Cl'oice grass steers ...........t 9.50910.00 8.50 0 ft.KO Good to choice steers .. . ...... Medium to good steers ........ 7.50 i T.O0' 6.00 0 7.25 6.25 5.25 2.75 0 5.00 0 8.60 7.60 7.00 7.60 7.25 6.25 4.75 Fair to good steers ............. Common to fair steen ........ Choice cows end neuer. ....... Good to choice cows and heifers.: Medium to goad ecers and heifers. ; canaara ...... ... ......... . 1 Bulls ........... Choice dairy cattle 600 13.00013.00 T.40 0 9.00 11.69018.00 Heavy calves ..... liest light calves .. , Ben feeden .. . Fair to good feeder steers. ; 7.000 7.50 .... 6-00 0 7.00 Fair to good . 6.75 0 Mutton Holds Steady In the mutton alleys the situation at North Portland is steady, although there was nothing avaUable Saturday to test sentiment either for sheep or lambs, . j ; - General sheep and lamb range: ' Prime Umbs ..... . S.009,t-00 Cull limbs ........,; 6.00 7.00 Yearlings.. 6.00 7.25 Wethers : 6.00 0 6.6O EwssT ,7. . 2.25 0 6.00 Friday Afternoon Sales. - .1 STEERS ' . No. Ave. lbs. ... 807 .. .1115 Price. I No. Ave. Iba Price 7.25 26. 23. 6.85 I 6.65 I 1. , $10 $ COWS 1.... 650 $ 8.00 I 1... ' CALVES 1 160 $14.00 I BULLS 1. ...1200 S 5.00 I T40 $ 5.50 HOGS 6.... 203 $16.00 I 3... 275 14.00 5,... 206 17.00 I 5,... 210 17.00 4...i 100a.16.00 I 2.... 255 16.50 5.... 252 15.00 J .4; . .4 210 18.50 2.... 225 : 1100 f 2.,, 200 17. 16 271 15.00 2... J 205 15.00 17..,. 198 16.00 2.. 185 17.60 10 187 17.00 4..., 175 16.75 5.... 182 16.75 3.... 16 17.00 3 136 16.00 - LAMBS S3.... 69 $ 6.0V 31.... 98 8.00 1.... 71. 6.50 15....; 68 6.50 40.... 63 8.50 40.... 79 8.75 1 ... . y. 110 - 8.00 J 18 ... . 77 8.00 WEATHERS .. 18.... 155. $ 4.00 1 I AMERICAN 1ITESTOCK PRICES Chicago Hoes $16.76 Chicago. Aug. 21. (I. N. S.) Receipts, 4000. Steady to lOe higher. Bulk. 314.15 0 15.60; 15.45; weight, 14.50; too. 315.75: heavyweight. S14.5O0 medium weight, $14.83 015.75; light- $14.90015.75; light lights. $14,000 heavy packing sows, smooth, $14.15 packing sows, rough. , $13.73 0 14.15; 14.35; Diss. (13.00 6 14.75. Cattle Receipts, 1500. St rotifer; choice steers, others rsnged 60c $1.00 lower; best cows, cannera,-veal calves steady; medium Cows, 75e$1.00 lower; atocken strong. Sheep Receipts, 80OO, mostly i direct; com pared with week ago; feeding stock steady to 2&o lower, i ' .- s. ...-! Kansas City Hogs Nominal Kaaau City. Mo,, Aug. 21. (L N. B.J Cattle. 1000; no martet. . Hogs 200. no market: one sale at $12.00, Sheep 16 OO, no eaxket. . St- Louis. Hons 516.50 St Louis, 111., Aug. 21. (I. N. 8.) Cat tleReceipts, 1100; steady, native beef steers. SIS.DU W14.UU: yearling steen and. heiters $11.00 011.50; cows, $7.00 8.00; atocken and feeders, $8-00 12.50; veal calves, $13.25 13.50; eannera and cutters, $4.00 0 5.50. f Hogs Receipts, 2500; 10c to 20c lower. Mixed and butchers. $15.10 013.35; good heavies, $14.00 14.75 : rough, $12,60 0 13.00; lighte, $15.25015.50; pigs, $12,500 15.00; bulk. $15.25 15.40. - Sheep Receipts, SOO; steady. Mutton awes. g6.6O0 7.OO; bmbs. 39.00 010.60 and cutters, $1.50 4.50. Denver Hoes, $16.00 Denver, Colo., Aug. 21. (U. P.) Cattle receipts, 300; steady. Steen. $3.00 0 8.00: cows and heifers, $6.00 9.00 : atocken and leeden, s.u ta 9.00: calves, S7.BO011.OO. Hogs Reeeipta. 200; steady. Top, $16.00; duik, a is is.vv. Sheep Receipts, 800; .steady. 'Lambs. $10.50011.75; ewes, $5.50 6.00; feeder lambs. $10.00011.00. ; Omaha Hogs. 316.00 ' . Sonth Omaha. Aug. 21. (L N. S.) Hogs Reeeipta. 2500; mostly 1025c higher; closing steady. Bulk,- $13.85 014.50; top. tio.uv. . Cattle None; steady. - Sheep None; nominal. PACIFIC COAST BANK STATEMENT Portland Banks This Week. Clssrlnzs Tesr Ago. . Mondsy . . . $ Tuesday .... Wednesday Thursday ... Friday ..... Saturday ... 7,157,879.79 6,715.275.08 6.547,125.34 I 6,764.087.16 6.1101,958.66 5,230,016.80 7.943.271.TS 6,880,803.83 5,308.120.10 4.912.823.91 4.438.904.41 4.818.S29.46 Week ..$35,616,291.88 $32,832,252.33 Taooma Clearings - Saturday .,,-.. Banks $ t 709,068.00 Balances Saturday Spokan Banks Clearings Saturday ..........$ Balances Saturday .... ... .... 102,744.00 1,885,548,00 .632.187.00 Seattle Banks Clearings Saturday ...... . . . . $ Balances Saturday .......'.. -Los Angelas Bank 6.522.169.00 1.370,728.00 Clearing Saturday . . . . . . . ... .$11,931,227.00 FOREIGN EXCHANGE BATES ' Corrected daily by foreign exchange depart ment of the United orates Msnoosi 01 nx, Opening nominal rates for bank transact lose; Draft Cable Par Checks, -London Pounds Sterling ...$ 8.50 Paris Francs.. 7.09 Transfers. Vaius. 3.60 , $ 4.8665 7.10 m 10.30 1.97 28.81 4.67 19.80 14.7S ' 20.19 14.75 i 36.79 20.45 36.79 8179 . . 82.7 : 49.84 Hamburg-Bremen Marks 1.97 irtwa j Copenhsi 4.67 14.70' 14.70 20.40 81.23 52.60 1.15 Kroner ... Cbnstiania " Kroner . . . Stockholm Kroner ... Hongkong Curretlcy .. Japan Yen... Shanghai Taels ..... 1.16 Foreign Exchange Market ' , New York, Aug. 21. (U. P.) Quota tic ns were' slightly easier at the opening ia foreign ex change today. Demand sterling was off He at . irancs. .0110. up .0001; Ore .0467. Unchanged ; marks, .$195, oft .0002;- Can adian dollars, .8835. .Demand sterling closed at $3.59, off c; iranes. oemano, .viva, oil .uuui. ; . 1 Lire, demand, .0465; lire, cables, .0466; marks, demand, .0194, off .0003; Canadian dol lars, .DS. ' " ' , New Tork Bank Statement - 1 New York. Aug. 21. Bank statement: 1 Average Loans, increase, $23,996,000; de mand deposits, decrease, $19,319,000; time de posits, increase, $460,000; reserve, increase, $8,602,560. Actual Loans, increase, $4,179,000; demand oeposits, yocreas.. ass.uoy.vuu ; tun. deposits. Increase, $570,000; reserve, decrease, $17,147.- 200. , ,. ,, : i . ., t Snb'Treagsry Statement " New York, Aug. 21. (L N. 8.) Oaring house statement: Sub-treasury debit, $93,477; exchange, $649,768,128; balances, $63,575,549. The commission in charge of the elec trification of about 4000 miles of the Italian state .railways has decided to make the first changes in , t "ft UnCa rf Piedmont and X4suri ... STOCK DECLARED T T By Broadan Vall 1 New Tork,; Aug. 21.-Stocks were almost buoyant in "Wall street Friday and the close was strong wtlh ma terial net grains.' y The buying- was largely by odd lot investors, but the real cause of the -movement was the discovery made by agne brokers that they had sold too many stocks. , The exciting causes were the -further retreat of the Reds In Poland and the fact that the big railroads are at last beginning' to borrow money.; The borrowing- of this money means that the bankers must support the market and make the stocks look good so the bonds will go. r - ' Word that the Pan-American Petrole um company is planning- two successive dividend Increases and also a st oak divi dend, sent that stock and Mexican pe troleum higher. It was reported from Loa Angeles that something even more important than that was to be announced within, two months. It was known that the buying of these stocks baa been pi the best kind recently, i - Holders of railroad shares were dis appointed because the strength of the rails was 'confined to so few issues. . i Cotton options continued heavy, as did other necessities. i One loading trader was busy advising his friends to buy Texas OU and Cru cible Steel and giving the Impression that he was not short of them. ; j . Motor shares were conspicuous for their strength. It Is now reported that the Bethlehem Motors company will be reorganized as soon aa a plan can be worked out. 1 .1 1 ' i Market Yet Subject , To Readjustments,! Is Expert Opinion '-' -i . -.'-v. :'l New Tork. Aug. 21. While the stock market may have largely discounted un favorable business factors In sight, in the judgment of the best experts . of - the street, it is in parts still more or less subject to readjustment pressure, which appears in unexpected places because of exis-encies, created by offerings of se curities to get funds to take care of natural crisis arising- in the process of deflation. - Faced with new demands for credit, such as come from the crop regions of the country at this time of the year, the banks have not ; found it possible to do anything but continue readjustment pressure, and also to extend it where the effect would be to produce, more funds to meet any crop emergency, which is intensified by the continued transporta tion congestion. - It, therefore, appears that the paramount market factor at the present time is mpney scarcity, which Bhpuld govern price movement despite the appearance of spectacular political affairs of national or international im4 portance unless 'the latter are directly and closely related to credit. . Cabinet Members to A d dress American Bankers Association! ; : . Oregon bankers have ; been notified that men of national prominence are ta address the ansrual convention of the American Bankers' association in Wash-j Ington, October 18 to 22. Two members of the president's cabinet are on the pro-i gram,- EL T. Meredith, secretary ofttgri-! culture, and David B. Houston, secretary of the treasury, who will discuss "Gov-j ernment Finance," . i George Woodruff, president of the First National bank. Joliet, HI., will tell: of "The Country Banker's Problems."; Fred I. Kent, vice president of the Bank ers Trust company, New York, is to speak on "International Relations." The president pf the United States Chamber of Commercej Joseph H- Durfee.'wlll ad-! dress the convention on "Relations Be-i tween banking and Industry.' and Fred W. Ellsworth, retiring president of the Financial Advertisers' association and; vice president of the Hlbernia Bank ft: Trust company, New Orleans, will speak; on Publicity, Public Relations." The: "wit and humor of the convention, ia to j be furnished by John Kendrick Bangs. Purchasers Slowing Down on Wild Buying The demand' for non-essential mer chandise is not as great as it was. al though the working classes are well sup plied with money and are consuming large quantities of merchandise The purchasing power of the country is still very large, but the purchasers are not displaying the happy-go-lucky freedom that they showed a- few months ago. The averaere buyer is seeing; to it that his expended dollar is bringing him a better return than It did when the - silk mills were doing an enormous' business. . 8HOKT-TBB.M NOTES " Quotations furnished by Clark, Kendall Co.. Inc. Sscnritv I Maturity. -. 9, 2.1924 BUOYAN ON MAR Bid. Asked. 89 H 90. 93 14 . 93 H 92 2H 93 95 99 H 100 99 H 100 994 99 99 M 994 98 4 , 98 H 6 . 96 H 07 . 97 tt ,984 96 91 93 98 984 96 97 4 96 96 H ; 90 4 90 h 97 - 98 . 91 91 tt 97 974 68 62 '7tt 71 97 . 97 tt 974 97 9 100 97 99 96 98 95 : Of ' -94 97 99 tt 101 93 - 97 97 tt 98 97 tt 68 H Am. Cot'n Oil 6s Am. T. A T. 6s. Am. T. A T. 6s. Am. Thread 6s. . .10, . 2. .12, .11. 1.1922 1.1924 1,1928 1.1920 1.192t Am. j oo. ....,, Am. Ton. is. ,.11, Am. Job. 7a..... ,,11. 1,1922 Am. Tob. 7s. . . . : . .11. 1,1ZS Anglo Am. OU 7Hs.: 4. 1,1925 Armour Conv. 7s...: 7.15,1930 Beleian Gov. 7V4-. 6. -1,1946 Belgian Gov. 6a.... 1, 1,1921 Belgian. Gov. 6a..,, 1. 1,1923 Betbl'm Steel 7s.,.. 7,15,1922 Bethl'm Steel 7s..,.' 7.15.1928 British Gov. 5Ha..ll, 1,1921 British Gov. 5H ..11. 1,1822 Canadian Gov. 5Hs., 8. 1,1921 Canadian Gov. 5 Ha. 8, 1.1929 Cndaby' Packg. 7a. ,.i 7,15.1926 Inter B. T. 7t. 9, 1.1921 Japanese Gov. 4 Hs. 7,10,1925 Kennecott Cop. 7s.. 2, 1.1980 Ligg. Myers Tob. 6s, 12, 1,1921 Molina Plow 7s . ... 9, 1,1920 Molina Plow 7s . . . . 9, l,19tl Moliae Plow 7s 9, 1.1922 MoLine Plow 7 . . . . . 1,1028 MoUne Plow 7 . ... 9, 1,1924 Nor Pae. Ku Tr. 7s 6,16,1922 Pacific Gas lec 7s. 6, 1.1925 Swift 6s 8.15.1921 U. si. Kubber 7s.... 12. 1.192$ Stocks, Bonds, Cotton, Orain, Etc. $16 in Board of Trade BaUdiag Overbeck&CookeCoe DIRECT PRIVATE WIRES TO ALL EXHANGES Members Chicago Board ef Trade , Cocrespoadents - Cbleaxo of Lsgaa Bryan - New Tork 3togkMmket rapiGg-g- Wall street odds on' Harding drop from to X to 2 to 1 as result of suffrage victory In Tennessee, " Morris & Co. sells $15,000,000 10 year, 7 per cent notes jto Chicago syndicate, R. O. Dun A Co reports 15 commer cial failures in United States this week against 1(5 last week and 104 last year. Dun's review says while no single ele ment fully accounts for the continued hesitation In business it is even clearer now than recently that price question remains the dominating factcr In the situation. . . Deflation has bit Japan,, China and the Far East generally. South America witnesses the brlak In -coffee, wool, hides, .rubber, etc.) t A story is circulated In Influential speculative channels of the street that important interests have been trying to accumulate a large line of Baldwin dur ing past 10 days, j - - , " California Packing company declared usual quarterly dividend, $1.50 on com mon stock, dates September 15 and Aug ust 31. . . ..-: Delegates at Minsk conference reject Reds' terms for disarmament of Polish army unless Russians themselves : dls Lrm Corporate! Finance Light During July . "Corporate financing in July was much lighter than in the preceding month for both railroads, and; industrials, btft there was an increase in public utility financ ing;," says the Wall Street Journal. "Total of all classes of securities floated In July was $215,661,000. compared with $363,795,270 in June, and $347,709,63$ in July, 1919. This isl considerably less than half the record made In April, 1920, when total. financing reached $591,281,300." . a t i $ ' s New Incorporations Articles of incorporation filed with the Multnomah county clerk : J. C. Oster Motor company, Portland, $50,000 ; ! In corporators. J. C. Oster, Charles A- Paul and W. S. Wlestrand. R. 8. Shaw Lum ber company, Portland, $25,000 : incor porators, R. S. Shaw, A. O. Nelson and A. w. isorniaa. Belgian spinner have found that fcot- ton grown experimentally in the Con co Is excellent as far as length and strength of staple are concerned but slightly yel- low in color. : FOURTH ST' WASHINGTON ST ' : ' ' r i - - : : I it i : , . ' ' - 1. II I t - JIM i - Quick to Serve 'if ilia immi n I FOURTH AND WASHINGTON STREETS jjj Hal i OPEN SATURDAY EVENINGS OTP 8 j ? , i . - ' r - ! n Foreign Busineoo Much attention is being directed at the present time to export business. This Bank has a number of foreign branches; as well as close working . - arrangements with banks of the highest standing in many other countries which enable it to offer special facilities in the financing of trade with foreign points. ; j. THE CANADIAN BANK, OF COMMERCE Portland Branch ; Fourth nd Stark Sts. Cnr,r: " Arm . . S "efff- JVU e. 1 . r "ov . IMPROVEMHTIS SHOWN ON MARKET The. Investment market has shown distinct improvement, owing to the development of a broader inquiry for high grade investments, foil cay... ins;-the disbursement last month of the usual semi-annual dividend un1, Interest payments. The public re sponse to the .offerings of the for eign countries and the high class loans thin country has offered shswi that a really safe loan at a price to yield an income from 7 ft to 8 per cent is finding increased favor with American investors. "'This Is a development of high Im portance," states- a . prominent financial authority, "and means that Investment conditions are Improving and that , well selected securities offered at a price to" bring the buyers a return equal to the prevailing rate of the money market will find a reasonably quick sale. "This is not strange in view of the extraordinarily low price at which the beat securities have been nelllns; wince the huge reconstruction demands have pressed heavily upon the one market of the wyrld which has been able to make the necessary advances. That the bond market has been free from inflation Is apparent from the fact that the avfrage yield on 20 high grade railroad bonds at the middle of July was nearly 6V4 per cent, as compared with 5.48 per cent a year ago and 4.56 per cent at that date In 1913." Oorvallis Mill Gets Right to Sell Bonds Salem, Aug. 20. Corporation Commis sioner Handley has. granted a permit to the Fischer Flourtns- mlllH ofCorvaIlls" for the sale of $150,000 of first mortgage bonds In Oregon. The company ia capi talized at $500,000. ) Permission has aTno been granted to the Miller Mercantile company of New berg covering the sale of $20,000 in bonds In this state. j - ' . Lino Would Issue Securities j Washington. Anar. 21. it. P.) The Chicago, St, Paul, Minneapolis & Omaha Railway company today asked the Inter state Commerce commission for author ity to isaue $1,720,000 worth of securities to run 10 years at 7 per cent, i i ICff JUSf'.L. . O rrf - KfJOts, . Olir " i