f HE OREGON SUNDAY, JOURNAL, PORTLAND,' SUNDAY ' MORNING. SEPTEMBER 19. .1920. '
WOOL GROWERS WILL NOT RECEIVE PROFITSf UNTIL RAG COMPETITION CUT
Edited by
IRREGULAR PRICES
!K STOCK MARKET
New Tortr, Sept. II W. P. The Nw
York Evening Sun financial review to
day Skid!
"There u not a treat deal 1 the
abort session of the stock market today
of a spectacular nature. There wore
mixed chang ea at tb opening with tho
movement on tho whole favoring the
crmaervattve side. Htron undertone
waa Indeed In evidence most of the
time, but aa far ai surface fluctuations
wore concerned the quality of the mar
ket manifestations wi to bo described
aa steady to. firm.
"Values were in numerous eases
haded In the last half hour, although
further changes were rather narrow.
Trading oontinued In fairly heavy vol
ume for a Saturday at thia season. "
New York, Sept 11. (U. P.) Prices
were irregular at the opening of the
stock market today. Canadian Paclflo
121 Vi. up : Mexican Petroleum IX,
off 114: Sinclair J4H. off ; OuolMe
127, off H ; United State Rubber 89 H.
up ; General Motors 22, up H South
em Paclflo 85 H. off H ; U. 8. Steel 91,
up H.
lulls assumed th leadership ahr the mtrkrt
got under ear. KrI sained S solnta to 10.
The iaumli that have takins Erie evidently
are doing to with th prospect of higher eara-
ln under the new freight rates.
Cloetns erleee irate U. S. ftUe! on
Baldwin UsH.up St . Pan-American 04. eff
H ; Erie 20, up 1 Vt I United States Rabbet
ti. up Ski Bethlehem Btel 78, off !
Mexican Petroleum 1ST H. np M : Heading
46 . up e i Southern Paelfle 07. up 1 w.
Studebexer 65. off f General lioton 21 .
P H.
The market closed irsegulag.
rurroshed
ef Trade
rVtfCHlPTION:
bf
building
Overbcek Ooote La. Board
lllla ChaluMtt
alloy Steel .....
am. Beet gutar .
itn. do, a. . . . .
in, Car Fdr. . . .
Am. Cotton OU . .
i. a. a l., c...
is, Int. Cor....
lie. Llnwed, ..'.
ia Leon., e. . . .
Am. Ship. A Com.
ia, Smelter, e. .
Am. Biael rdy..
la Sugar, e, . . .
Aa. 8umatra Tob.
Am, Tel. Tel..
Am. Woolen, c. . .
Am. Eln
Anaconda alining .
Atchison, e. . . . . .
Bald. Loeo.. o . . . .
Bait. At Ohio. e. .
Beth. Steel. B . . .
Br. Rapid Transit.
Butte Jt Superior.
Canadian Pacific .
Cent. Leather, e. .
Chet. Ohio ...
Ch. Gt Wat. e.
C U. at. P...
Chile Copper ....
Chino Copper . . .
Col. Oh j Elee. .
1olo. Keel Iran.
Consolidated Oaa .
(tern Prodncta, e..
Crurlble Steel, e. .'
D. a K. U.. c. . .
Krie. e
uenerai t iiin . ,
General Electric. ..
General Motor . .
Ot NerUiera Ore.
Ot Northern Hi. .
Green Oananea . .
Oulf States Steel.
Illinois Central . . ,
Indtntrlgi Alcohol.
Inspiration Copper,
InU Fsper
Int. Msr. Me., a. .
Int. Mukel
K. C. Bonthern, .
Kenneeett Copper
Iaokswsnn Steel
Lehigh Valley ...
Middle Statu OU.
Mexiran Petroleum
Montana Tower. . .
Miami Copper ....
Mtdtale Html
MiMOtiri l'acitic, c.
National Kuamel..
NeTada Cotuolldated
New Ha'en
N. t. Central 1
Norfolk & Western.
Northern l'acifle . . .
Okla. Kef. end Trod
Pure OU
Paciflo Mill
Pan-Am. I'ete., c. . .
Penn. Railway.....
People 3ae
Pierce OU
Pieeeed Steel Car. e.
Ray Cona. Copper . .
Beadine. a. ......
Beyal Duteh
Repeblle I. I., a
Reek Island, e. . ..
flhattiick Copper...
Rinelair Cor. . . . .
hom Sheffield . . .
No. Pecific
Ho. Ity., 0
"hell Oil
at U A Ban P. . .
rwlft A Oo
Tenn. Copper ....
Texts Oil
Texaa Pacific
TraaaoonL OU
TJnloe) Pecific, e. . .
TJalon Oil ef Del. , .
TT. a. Itubbar. . .
TJ. a. Smelt, A Bef.
V. B. BUel. e....
' TUa Copper . . . .
Vaaadltun Steel . .
Virginia Citemlcel,
Webata
Waetarn Union. ...
WmtinghoiiKe Elee
Wlllyn OrerUnd. .,
Open
40
82 H
SSM
15
2SM
13
78H
7 Si
IB
84
17 U
112 1
no
lUUVk
12 H
84 H
111
44
7SK
11 V
20
121 U
84
68 H
4
m
2M
8
89H
127 H
an
is
14S1t
22
84 H
70 i
28 H
63
80 H
8S
40
82 H
2S
10 W
21 H
00
40
IS
ISO
40
'21 H
00
34 S
8UVi
id' '
'6i' '
42
"is"
Huh
15
OSTe
88
85
88
T'
72
07
20
83 '4
2H H
ion H
10
58
87
14
12,1
80
80 H
'in
88
72 H
08
9
'io' '
13
ToUl ulee. torkl 801. 0AO.
Total aalee bond 86,222.000.
40
82 H
l
188
asH
is
78H
70
07
20
H4
7
112
00
10U
88
12
58
114
44 H
78
It Ve
148 U
64
88
2
68
127
SH
20
148
22
4
19
20
88
81)
n
40
82
20
10
21
40
18
188
40
27
60
84
70
Oft
80
'40-
42
'is
15
08
88 S
88
SB
84'
7
0B S
2H
85
28
108
10
62
87
14
18
80
88
72
08
ii' '
16
Lew
80
82
89
16 ,
18
77
70
e
18
64
87
112M
BU
100
88
12
65
84
US
44
78
11
20
121
61
06
0
88
lfl
29 Vi
67
128
2
IS
148
21
84
79
29
S3
80
85
48
82
25
19
21
2
80
49
17
183
40
27
60
88
76
96
SO
80
98
42
is'
10
OS
8S
84
88
'4
72
OSS
28
61
28
108
10
IH
87
14
128
30
88
84
TO H
68
9
40
16
Cloae
89
fi2
89
184
20
18
T8 .
70 V.
07
20
68
87
112
uo.
100
88
13
65
84
11SH
44
78
10
10
121
63
65
10
88
18
20
67
99
80
89
127
2
20
64
148
1
84
79
20
62
89
83
48
82
28
19
21
itU
ffH
9
17
187
6
10
40 W
27
60
12
84
70
05
80
4
89
28
94
42
38
15
90
15 .
93
88
84
88
8
84
72
80
29
64 'i
28 H
108
10
B2
l
128
80
80
IU
84
71
08
H
84
48
16
FURTHER ADVANCE
Nortb Portland Top Qoeg to $lt.78
DaHnc the Week-Feeder CatUe
Movetnent Greatly Increased.
PORTLASD MVESTOCi: 'UtTS
Hoc. Cattle. CalTea. Bhewa.
TMe
Week
Two feel l(o ,
Pour weeks ate
Tear ' ase
Twe yean ae .
Three, yeert ago
roar years ago
, . .210
...2588
..184
..222
. . .368
. . .81177
..S640
..4524
80S1
408
2433
1751
2724
2797
S400
155S
374
228
403
221
70
12
ISO
65
T920
6417
aii
2891
7021
4888
8000
426T
110.00
11.0W
11.25
1360
Little Hope f 6i fWobl I Prices
Until Cloth Labels Are Honest
4
id so
li.oo
15.00
19.00
7.06 8.60 '
S fraoooeal de-
.Sl 80f 10.78
. 18.75 19.25
. 17.25817.75
. 15.25 4017.26
14.S317.73
Arrivala of llTestocIc at North Port
land for tho week totaled 1)2 cars com
pared with 164- a week ago, 162 two
week ago, 114 four weeks ago. 171 a
year ago, ISO two years ago and 180
three years ago. Hogs ruled higher. Cat
tle were slight off while lambs ware frac
tionally higher. The top price for the
cloae of the week compares:
Hiwn Cattle. ImheL
1 nn weei ...,..l.7b
1919 17.60
1912 19.80
1917 9.7 J
1918 9.SS
Ia the hog alley there wat
creese ia the ran tor the srt day as eoopmred
with tee preTtone week. Demand waa atrong
at the opening and aa early abarn adrance ear
ried the top te S1S.T9, a sew biga mark for
the present movement In the ,hog aUert the
demand was somewhat under supplies for the
week, but any beery ma dnrtas the coming
week may enable packera to Quote lower figures.
General hot market range:
Prime mixed ...
Medium mixed
Pmooth heary ,
Rough beery
l"igs
CsUle Are Lews
In the cattle alleys sn inereased supply ap
peared in the North Portland alleys for the
week. There was an sbundanee of feeder staff,
but demand for this eliu of stock was good and
value held wall. Hire it er, the killer tituatloa
was net so good and a loaf of about 60s was
shown In the steer division.
Persistent reports In the trad say that ree
nter farmers are experiencing considerable dif
ficulty In securing nosey for feeding from the
banks, but that upecnlatiTe feeders thaee that
ire compelled to bay their feedstufft ran let
aU they seed.
General cattle raaae:
Choice graes steers 8
Good to choice steers
Medium to good steers ........
Fair to good steers
Common to fair steers
Choice sows tod heifers
Cond to choice cow end heifera.
Medium to good cows snd heifers.
Csnners . . .
Brills
Choioe dairy aalres
lleary oelees
Best light calres ..
Medium light calres
Bert feeders
Vmlm . Jk r A
M. 9S BVW. WWW.. .... . .
MiftlaA auOBllee i h.nr flail
Despite all the talk during the early part of
the week that lower prices won Id remit, there
was sn actual adrance of Sue In the lamb
price for the period. Liberal increase in mut
ton and larub offerings was shown for the
week.
General sheep and lamb range:
Prime lambs 2 S.BOf 10.89
Coll lambs 6 00 9 8 60
Yearlings . . 6.800 7.75
Wethers 6.000 6.78
Kwes 2.28 S.Z3
OUpesltlen ef Livestock
Disposition of livestock at North Portland for
the week snowed:
Dlmrd to
Adams Pkg. Co. .
Bennett Meat .....
Barton A Co. . . .
Carstens Pkg. . .
Ray KairchUd . . .
M. J. Gill
Henry I'kg. Co . . .
T. R. Howitt . . .
Oberle A Nelson
F. U Smith ....
SorUet'tf Bras, . .
SterreU ?k(. ...
Swift A Co. . . .
North
Miscellaneous . . , .
Through stock . .
Oregon Feeders . .
aan. Feeders . .
Idaho seeders , .
Bt BrniB H. Cakea
Little relief from tho present almost stagnant ton la the fleeoe trade may be ex
pected for some time in view of the cong-eated condition of the snsvrket and the
inability of many American holders to retain their wool for as extended period.
wmie it is true tnai Quite a namner or uie muu ox we
country are being; reopened, there ia avl ready sufficient wool
being forced upon the market to bold prices hi check. While
there ia an Indication that some improvement will likely be
obtained in prices, such betterment la not likely te be other-
wise than nominal for soma time to- come. :
Personally I cannot but view moch- of the preaeat disorder
In the American wool trade, sue well aa that la f orelaro coun
tries to the great abuse of mill Interests in utilizing shoddy,
overworked, or reworked fleece as a substitute for the virgin
dip off the sheep's back. . -
The great combination ot rag Interests has tod much at
stake and ia too firmly entrenched to allow the virgin wool
to be given a fair cbanoe In the market. Many of the mills
have been so busily engaged in counting their excessive prof
its by the use of shoddy to pay any attention to the serious
plight "of the sheepman. :
FABRIC I-AIT WOTJXD BS PEOTECTIOIT
" Some of the wool growers are still belna- led to believe that
heavy duty waa placed upon foreign fleece it would enable them to secure
" (' ' v X '
;:.. i
XL. '
if
7.25 9
7 a
8 25 (f 10 00
8.259 9.23
8.25
T.25
6.75
8.00
7.23
6.23
4.76
8 00
6.
0 00 9
7.26 9
6.25 9
6.259
2.75 9
S.00 9
18.00 9 18.00
7.00 e B.oo
11.00 918 00
9.00911.00
6.50 9 7.00
609 e.50
Xew York Bond Market
Purniahea by Overbeck A Cooke Cov.
ef Trade building:
Atchison Oeni 44
Bai te Ohio Gold
KetB, Steel Ref. 6s
Cent. Paclflo t 4s ........ .
. B. A Q. Col. 4s .........
Paul UenL 4s
Chicago N-W. CU.nL 4s
I.. A N. Chi. 4s
New Tork It. St
Northern Psa. P. L 4s a.
Ileadinx enl. 4s
Colon I'ac. 1st 4s
V B. Steel 5
Union Psil 1st Rf. 6s
Southern Pee. Con V. 5s ......
Southern Pas. Coav, 4a.....
Prnn. font. 4S
Penn. lt 4s .W
Cbea. A Ohio Conv. 6e.
Oregon Mtiort Line 4s
nid.
76
67
TO
72
06
78
78
70
24
70
SO
80
OU
76
00
T6
89
79
84
T8
Board
Ask.
76
6N
80
73
on
74
76
23
TT
81
80
76
80
78
84
79
POTATOES ALOITO THE COAST
Seattle MerkM
SeetOe. 8-pt. 18. (V. P.) Potatoes Ka-t-
em tVMtiinaton Netted Uesns. 3 He; locals IS
3 per lb. ' .
Lot Anfgteg Mart it
Lns Angrlee. Sept 18. (I. N. f.) Pota
toes Local Karir and White Ilea fane No. 1,
sreetly $1 00 1.25 log. aaeaed, Ie.' 1, snwstly
12.60; Stocktoa Burbaokv 63.0092.23; few
rwc, ee.ow.
BA1RT PKODCCE OP THE COAST
18. H. N.
SsMfttAea aaaS ..fa A
area -H,1"' 1.,pt s ( v-' l': Buttsr City
reamery euhea, 4e; bricks, 8. -
- r-re.li ranch. 70c; rmlleu. B&e.
71o per lb
aa?M""EIlr 8c;
Se; neeweea. 1.
Poultry Uschsnged.
Stw Tork Batter aad Ens
New Tertt. 8-pt 18 I v T
Vsrkst firm7cW CrZTmL. ' f "T
flrets. 6 1 s 60c : li."" g 2'
state dairy tube. 4 5 s, 6 So "S
sl,C.1'tl,l', r whits, faees.
elS83e: brown, fancy, 68A7Sc- i
4) 68c; first.. 65 9 67c . 62
Cattle Calree. Hon. Sheep.
241
,-. 41
138 104 1897
139 872 . 810
86
78 .. 24 123
53 .. 166 ...
103 .. 144 870
14 82
142 0
47 .. ... ...
Ill 2 22 148
649 7 578 2280
84 1SS
170 19 . . . 64
858 20 ... .4.
1193 14S 483
81
a e e 231 e e
Wheat Prices Bob
Up and Down in
The Chicago Pit
Chicago, Sept 18. O. N. 8.) All
grain features sold off on the short
Saturday session of the board of trade
under the Influence of an increasing
run of corn despite the recent sharp
declines In spot prices. Provisions
weakened in sympathy, although show
ing fair rallies from the day's low on
a little support from packers.
At the close of December wheat was
202c lower and March off 1 H2c
September corn lost 3c. December 2c
and May IttOfkc. September oats
dropped 4e, December c, and
May Pork was nominally un
changed, lard Be lower
the latter for January.
lower.
more money for the domestic article. History clearly shows this to be in error.
for the lowest price ever named for virgin wool in the United States was during
the period that a high tariff was placed apon foreign importations. In tact, the
tariff was at times about double the amount available for American wooL
As long as some woolen mills are enabled to utilise dirty rags aa a substitute-for
virgin wool by the absence of a law to protect the consumer, sheepman and the
honest manufacturer, just that lonr will the rae- c taker dominate the triaa ef
wool. Competition forces the otherwise honest manufacturer te compete with the
aisnonest one and utilize shoddy as a subsututa for virgin wool This create aa
arbitrarily high price for dirty rags and a low ene for virgin fleeeex It Is an on-
natural situation, but la likely to exist as long as the law anowa It.
sooner or later ue law proniDiung tne use 01 anoaay in oiouiing, unless so
labeled, will be enacted. Sooner or later the manufacturer of shoddy clothing,
which cannot compete honestly with virgin woolclothln. will be forced out of the
running just as were those manufacturers of foodstuffs who were compelled to
change their labels when the pure food law went Into effect. Until then the rag
piciter wm oe tne uncrowned King or tne wool maraet.
GOTEBXMEKT INVESTIGATES SlTTJATIOir .
In view of the paramount Importance of the wool situation at the present time,
the foreign markets service of the bureau of markets has been obtaining through
the consular service the best available Information in regard to the stocks of wool
on nana in the principal countries.
In addition to the following reports from Australlaa. South Africa. Arrentlna.
and Uruguay reports In regard to supplies in the United Kingdom, New Zealand.
India, and the Balkan states will be published in the Market Reporter aa soon
as receivea. Tne reports received are aa follows :
The American consul general at Melbourne, Australia, has advised the deoart-
ment that the estimated total accumulation of raw wool Hi Australia Is 1,300,000
bales of 380 pounds, comprising approximately .60,000 bales ot high-grade wool,
oo.uoo oaiea oi medium, and buo.wo bales or low-grade wool
Before the war there waa practically ho supply of wool on hand at this time ef
the year, ana that therefore the above figures practically represent the surplus
suppiy. ;
Owing to the drouths, the commonwealth Wool output varies, thus rendering
u.i ub vtie iiurmw suypiy uncsruiin.
xne Australian ana Brmsn authorities continue to negotiate and have an
nounced no decision regarding the marketing of the present surplus, which the
British government owns or controls.
ABQEXTI5E WOOL HOUSES ESTIMATES
The American consul general at Buenos Aires. Argentina, reports that accurate
statistics regarding the total accumulations of raw wool In Argentina are not
available, but that the best estirqsus of raw wool in the entire country ia ansroxl.
mately 295.681 bales of 982 pounds. Of thia total 10 per cent (29,6(8 bales) averages
merino, to per cent iit.Ja oaies j averages line crossbred and medium crossbred.
and 75 per cent (zzi,7Si bales) averages coarse crossbred. Mot over 2 per cent f
tne total amount is waste.
The present stock on hand is now larger than ever before at this time of the
year. The stock on hand at this time last year la estimated at between 141,97
and 153.754 bales. In normal years, however, the entire stock was sold between
October and May, ana aa a consequence no wool waa left on hand from June
to October.
The Bahla Blanca wool growers have endeavored te have the government bank
extend credits to European nations of at least two years, discounting bills to pro
ducers, in order that sales may be aided better than the present quotations, which
are low and nominal. European buyers have shown no interest, and the above
mentioned plan Is now considered dead. A project has been undertaken to have
the export tax on coarse wool removed, but nothing definite has been done.
The American consul at Montevideo reports that the present accumulation of
raw wool on hand in Uruguay is considerably larger this year than that of the
same time during the last three years. The present accumulation la approximately
20,000 bales of about 1000 pounds, comprising 62 per cent (19,600 bales) ef low
grade wool, 25 per cent (7500 bales) of medium grade, and 10 per cent 13000 bales)
of high-grade wool. , '
The normal clip In Uruguay is about 120,000 bales, which was usually entirely
sold by the end of April. The totaJ exportation of Uruguayan wool during July
of this year waa approximately 1320 bales, while, during the same time last, year
tne exportation was about 13, zoo bales, xso plan has been published for the
marketing of thia year's surplus.
SOUTH AFRICAN STOCKS NOT HIGH GRADE
The American consul general at Cape Town, South Africa, advises the depart
ment that unofficial estimates of the total accumulation of raw wool at nrasent
In South Africa la placed at 130,000 bales of 876 pounds, which Is comprised ot
15,000 bales of scoured wool, 4000 bales of high-grade grease 11,000 bales ot
medium, and 50,000 bales-of low grade.
The supply of raw wool at this time laat year was 18.000 bales, eomrirlaea of
2000 bales of high-grade scoured, 5000 bales of medium grade, and 3000 bales of
low grade. There was no supply of wool on hand at that time graded as grease.
Neither the government nor banks are planning to market the prevent surplus.
Cable advices from Xxmdon state that commercial estimates indicate that at the
end of the present season, the surplus stock In England will probably amount to
l.uuu.uou Dates, in Australia el 1,500,000 beiee, and a new clip In Australia of
1,600,000 bales. It Is expected that the government will sell large Quantities direct
to the central empires. '
BUTTER CALL SENT
IN VHEAT TRADE TO OLEOMARGARINE
Opposing Millers Bay AD. qualities
At extreme) Price Oata and Bar.
ley Sbowrtnjf WemlaMss. ;
HOW WHEAT BTJLED
' 'Bat.
Ttarel white , . . 262
fttft white ............. 240
Whlta Club 248
Heed winter 287
Northern spring ........ .'242
Bed Wells 222
Week Menth
Asm. Aeo.
S&2 i 836
244 228
242 J2T
246 j 22T
246 ' 228
240 1 222
Priday. No Ssterday bid.
Wheat prices were erratic tn Portland
for the week, following similar action In
the eastern trade. A new high mark
was reached for hard white at the open
ing of the week at $2.55 but the closing
bid was 2c below thte.
Cbmtiderakle activity was show a wheat kids
hi eertaia seettens ef the Inlaad Empire during
the week. Dae So a fight fee eeatrel of the trade
between twe big PaesHo Northern eai)en. reck
less kidding wag shows in portion ef Easts ra
Cregon. Washington and Nartaera Idaho. la
seme tsMtaaoas. reporte bvlicata, nimlissaa ef
wheat were saaade at esttrssae price and stock
wsa takes t this pries thai wo old aot grade
above Na S.
'Some business waa shown by ether nneselsss
during the week, but the aula business was
betwea the opposiBg firms. '
Ooame graina were weaker and leave with
snore disposition asnong gwjeess to offer both
osta and barley.
Bay trade wae cmet.
PtOTJB Selling price, mfrj goer: Patent,
812.98; Montana eprlag wheat, 613.26: WUsst-
ette valley brands. 811.20: local straight.
810.80; baasre' locat 813.06 9 18.26: graaasa,
110.80; whole wheat. 211.03. Price for euy
deliveries 19e extra; suburban. 20e extra.
HAT Burins price, nominal: Wulemeefta
tinotny. fancy. 828.eO per tea: vetch. S26.ee:
ceeas, 514.00; straw, gie.OUi clever, gssov:
grain, 324.002)24.50; alfalfa, 224.00
24.60 per ton.
GRAIN BACKS Neawmel. Hew ere oVnv
err: No, 1 Calcutta, 10911e; doasestit,
11 a in ear lots: less asnoeuns his her.
MILLSTC9YS MiU run at sail, sacked.
gos.ou ef 69. oo.
OATS Pr tea, biying price: Fted, 150.00
60.60.
BARLET Buying price: Peed, SSLSS;
sauung, ssz oo. .
SEED Baying priest Red clover, recleased,
80s per lb - alsike. 80: vstsh. 6 9Se D.
rXKDSTTJFFS P. O. B. sail la Belled bar
ley, $63; aueue meal, 336: socoanut sseeX 868
toy bssn meal. 377; Unseed meal. 323; cracked
earn. 7 whole corn. 71 per too.
Merchants Exchange bids:
WHEAT
Sept
Bard white 262
Soft white 240
White club 243
Hard winter 28T
Northern spring . ...
Bad Walla ... 235
FEED OATS
No. 2 white v..400
Ne. 2 gray . 4700
BARLET
Brewing 5000
Peed 4800
CORN
Na. 2 Eastern (balk) . . 6250
Be. 2 yellow (bulk) . . 6600
Oct Nov.
252 852
240 240
243 243
23T 237
235 233
4000 4060
4700 4600
6000 8000
4800 4800
1300 2200
6350 6850
Makers Here Ilold Talues High and
Inert Call fop Sabetltate t
lYesh Eggs Art) Advancing. '
Ifnrh Infareet era a aSmrn lit Htat ma a.
' " w . . aM.wwM ... mUv . ....
kot for butter here during the week.
Bate anlw m a, ..Kw .a..-
the creameries were putting out short
weignr. gtoca to consumers but prices
were being held to an extreme limit that
Is by no means Justified by the prices
tn effect at other point.
Butter is betas offered tn Perthuaet at lower
figures by practically all auctions of the United
bums, II, t most UDUkual for this city te
ahear awn - - - 1 . , ... .
teg eoeditlens are far more favorable hers tbaa
at aawei eusuiCTB,
Xt Tfk, Chicago, the Central 'Wast and
eves Canada were offering butter te Portland,
a applies war idee available from Us inter
mountain sections ef Montana, Idaho snd Utah,
vee Ssttl was wuung to sell cubes below
the standard prices emoted her.
; . ..' roreifa Butter Ohesoer
Porelga butter can be landed at PorUand at
Mae moner nmn aa now hm, n.m.u.
rJespite this sbuadaac ef outsid offer-
Maa mi the auk.M W.H , ,.i , a. --
Sorting that aa actual abortaaw ef good butter
exists bt the sscal terTitory, although the aaakar
of such state meuta are unwilling to pore has a
alngl peered of eas stock at the price they
lemeny assart the snarfcet I rtrmhr quoted at.
tt beajtsai te .look aa if ensaaone rl tally inter
ested ia cold storage batter end perhaps olen
sargartna, at hkevris much intsvested la hold
ing the prle of butter her to each s height
in tn es el th ss-caUsd rabstittiu produrt
arfW k i . .
- - 'j MKreaHRpia. auaa m erarceQT a
favorable condition for the dairy industry to
evmteauyuMa).
Fresh Ego Bute Higher
. Pveah gs oontinued to gain ia eeie In the
aaeat oaa. as weu as at euteide poinu during
th week., WkU ia some quarter Increased
offering of fresk egg were Indicated, total
osocas wen scant aa compared with the demand.
In the meantime, speculative interests, with
their coolers full of ice home stock, are making
Chess Aevane duftlfl
Advance of 1 a pound mads ia th price
of ebesis by tne Tillamook eaeoeletlon anpaars
to be f alb pastified in view of the strength and
MvanrSng price is tht eastern territory. For
the better known aetpat there baa been a gen
eral aleaaap ef cheese offering, although leaser
known rands have teen inclined to drag with
prices utterly eat of tins with what th better
anowa custrtcta are getting.
Peuru-y SltuaUoe Oced
Ia th Viultry trad an excellent atraatioa
was generally ahowa along PVont street for the
reek. Baavy bass cohtisued ia beat call sad
for such offerings occasional small sale war
aad at prices fractionally higher thaa those
generally sooted. Lata la th weak there ap
peared a (DaMWhat easier tone as regard light
weight hans sod values war shaded lc te 2 a
Grain Damage Beportet
. Centralis. Wash.. Bept 18. Considerable
damage was don during th recent week of raia
stourm in the grata crops of eetlytng districts,
MnMrvstive estimate placing it st about 310,
000. On th farm of Bam Butler, near the
ChehaUa river, on Vbrds Prairie, about 63000
worth of grain which was ia the field during
the raia became sprouted sad practically ruined.
A number ot other farmers having large field
of freia ia the Newaaknm valley, along the Che
hah river. In the Hanaford 'Valley, and on
Ford Prairi experienced oocaiderabl loss from
the rain
a tui
Nof Matt Reach Mlgher
aaother nsw high mark was reached
killed hog ia the Pront street
trad for th week. At the start of the period
there were scarcely enough bogs to firmly ss
tabliee. prices, but latetr arrivals became more
liberal. Kvea then prices shewed a farther
rise, with a similar ton for lira stock.
Calf 6Tst HoMt Strong
In th market for country killed ealv th
Btuauoa wssneruy favorable for th week.
At the start ef th week it looked a If the
trade ereaud weaken, but it held well aad prices
reiaci weu an tnrougn u penoa.
... Potato Trado g fioatr
' While offerings of potatoes ia local asetien
wen oat during th week beeaos of the rains.
which intsrf erred with digging operation, ex-
paetatian ef th trad an for snore liberal of-
British . May Purcha
Supplies of Eggs in the U. S.
A rernhahla ae-fartwfwak AmmmmA awe
from England is considered favorable by
the American trade. Thia baa had con
siderable effect upon values in this coun
try recently. BriUaa importers ot eggs
generally believe that there wlll.be a
am-trina hnvtiea v .m
ing winter, according; to reports from
various critisn sources, Ths ministry ox
food has had under consideration the
SUDDliea of lmnortecl rn kL.h ma,v h.
expected and feels that there Is reason
w icsr urn previous estimates or plen-
ewtmem srvoi am-oaa wtu noi DO
realized.
... nii-i. wee ana cniei wwirce
of enppty. In 181S encrwruna to the United
Kingdom 124.630.eeo enera eggs out ef total
Imports of 215.799.500 doxen. That total Im
part ef ergs by Greet BrtUia daring 1919
avuiiauri
VniiM BtAtm lJ!ftJ?lMr
CttMtto .aeet 14.7.7
t-a
.rtUeiari eeeeeeeeeoe
AU ethers
Total
10
ai
1 IllSSTS
11.207. S00
Tec cent.
26
I
20
20
100
PeHsa Iwapera Ret Lltery
Vhena .aam. . k. mm m u . . k. - - -
th daflolency eaased by th loaa of th large
" ; r- . . . '
eraasrHtls which (ormerl earn frnm Rossis snd
Central Europe. So far th efforts of Ira-
porters, which have had the support ef ths
ministry of tood, te feopen the erg trad with '
Poland haee net been sabetantujiy sneweearul.
Teeraed the end of la" season leal euan title
Were allowed by tk trench gmvernmeet to he
sported frosa Motoeea, but Be anooaacemeat
baa yet been saade aa to this year's experts.
Th shortage of foodstufTk generally ia Booth
Africa bt resulted In restricted exports of eras
as well as other artanea ef toed; berm only
parativeiy small auupliso can be expeoted from
Pi sbshlo Sepply Feeen Ohm
The feed controller espece rnorMaiea' upene
fmra China. 11 lo state thst "tj mates ef
l)nUh supplies vary from M0 per cent to rather
mere tban a normal pmrmeition; hut a dle
turhins factor In the sliuaUoe ia the retwe-teel
tppeeranee In that market of Amcrtosa btirara.
who are stated te have gen! Urge nerahsea oi
pickled eggs, with the remit that prices nee
been ralseel scaiaat wonld-be enrem free taw
I'ntted Kingdum. In view of th high coa ef
freight te th United State tli pomlbiUty must
be faned that, if the report la rrest, tee
Aaaerioan buyers have speculated i te snene extent
wa he chsnee of recouping themlve at fche
sxpens of the BriUsh consumer." Y,
The food eontmller gave notice to the tree
that It may be necanaury te re impose aaeeimum .
prioes on eggs, snd thst rich n rices if mmpoHed
aa set b maurlally tower thaa those mi Ins
eee-prio order of 1618.
Wheat Trade Is
Held Backward By
N. Y. Explosion
WsDa Wstla, Wash., Sept. 18, After eae of
th kosiest three day grain sgenU has knows
ben eine the epenhsg of the bsrrest aaaaon,
during which time upwards of 200,000 bushels
were soM by farmers, th wheat market stopped
short as s re nit of the exolosioa ia the New
Tort financial district and buyers predict that
th rest of tk week ,vriTl bo dull because of
tbia. The grain agent state that wndonhtedly
s hamper week ia sal haa been prevented by
th catastrophe. The wheat ha bees moving
at 82.27 for crab aad 32.30 for Turkey red
and blweetem.
The harvest la Southeastern Washington Is
bat TS per cent eowpieted and many grain buy
er hav Beted that the rxrea ef raia daring
th best week has resulted in the ruination ef
small quantities of sacked wheat which the
farmers have not bean ahl to get turned and
dried and which, as a result, ha beerun to sprout,
Since the rains started In August all ef the
unthrwbed wheat has bees damaged oe er
twe grades.
Niaaeapellg'Dalatb Flax
Dnluth. Bept 18, (L N. S.) FTsx Sept,
88.18: Oct. 6S.1S; Nov.. 83.22; Dec. 83.28;
track. 83.10 98.27: arms, 82.21.
Minneapolis, Sept 18. (L N. a) Track,
38.17 98.20; arrive, same.
ferlngg do ring the coming week. Mmtted pur
chase wen mad around 81.50 9 2.00 per
cental for faery stock at country shipping points,
bat stoat grower appeared te be balding for
the kuter vale, which wsa not generally eveO
able. Onloa Demand te Open
With the Walla Walla stock out of the way
aad with Tehama Offering so poor that th local
trad is an willing to aoeept supplies at any
price, indicatlcta point to a steady demand st
least for Ore gen itock when general marketing
begins wthin th next few days or week. At
this time then Is not th slightest etge of any
high price lor onions, the lownes of th CahV
iomla market being s bar against advene.
Appl Osmond Is Weed
With Ortvensteiru offered only Is oparlei
supply, th trad here, as well as at other
points in th country, is showing a strong ton
with wU maintained rahum. Th sntirt appl
market was la good ahap her during the
week.
Wool Situation quiet
It wss tnotoher qukt week in th local wool
trade. The only nsoureglag feature is tlie fact
that lnauiriee f rem th mills are increasing.
Business Is saH on a nominal basis all through
ths United State.
Sales of Montana "
Fine Staple Wool..:-
Made at 53 Cents
Boston, Ha., Sept 1 8 Pevelopmerite ' It
the local wool market htv not been so its
pertaat as what wa hoped would foilew the
American Woolen company 'a opening. V!uoa
ate aoejewhat firmer and th general realise to
that the downward tret id of pdoas has been
checked. 11 til Ute strong and healthy floras ud
seeded' to pat th market on lu feet again
lacking. Msnufacturer ere not taking the big
Hoes ef wool that were expected te be ' moved
and which tt waa supposed that a saooeWui
light weight eeesoa would need.
In domestic wool the most noteworthy tran
saction had been the aais of a moderate amount
of territewy half biood. Fartiewiar an atohreg. .
bat sock weei sv beeen qsnted at 31.30 9
1.40, dean. TgrTttory qnsrter blood hat obsngsd
hands te sosn extent on the eiean basis -ef ,
S3 cents, th grease price being 82 9 83c
Pin staple Montana wool ha been sold mae
ratetT hi th original bags at 6B oents, cw
81 46 91.48 clean, but betur lots would bring
31.60 91.60, Unrasy rrenah ombinlnc terri
tery of good rhsraete kss old si 43 9 60 ,r
81.26 91.80 elesn.
Heeeipts for the week were: Dnmestie. S,
271,000 pownds; foreign. 707.500 pouooa,
Late Eains Help '
The Alfalfa Crop
Sept 18. Rains of
to 5c higher,
and ribs lOo
the
Chicaso. Sent. IS. L N. S.)
Booses bought while "kinm" sold wheat at
opening of th rutrket today and prices
higher. December was unchanged to lc higher,
and March wss lc to I e higher.
Corn Was lc to 1C lowsr for September,
e te of for December, and c to o
liwer for May. Trade wae light, but there was
Mattered mmmUeion house eelliog.
Oats wen unchsngrd to He higher it the
start, with very light offerings and moderate
buying by commission houses!
Then wss lack of support and Mattered sell
ing In provisions, with opening prior lower.
Fritted
Dee.
iMch.
Per.
Dec
Sept.
Sept.
Sept
Dec
Bept.
Dee.
Bept.
Oct.
Bept
Oct
Sept
Oct.
WHEAT .
243 243 240 240 'A
239 138 233 233
COR
128 12S 124 123
Hi) 110 107H 108
OATH
60 00 '4 88 SO
63 63 02 62
&TI
195 100 101
173 173 173
BARLET
101 100 100
aesee e e e 99 rfj
PORE
. . Nominal ....
. .Nominal ....
unn
..3072 3080
..2073 2085
lUBs
. .rtofninal ....
,.1782 1780
2063
2003
1TT3
2 SOS
2600
200
1080
1T0
1786
Cash wheat No. 2 hard, $2.6192.52.
2ACIFTO COAST BANK STATEMENT
Portland Bank
Clearing- This Week.
yeeday ...,2 9,330,604 08
fl.p Bnttrr,
count, 63c; pallets.
Jiew Terh Bsgar-esd Ceff
New Tork, Sept. IS. (C. P.) Coffee
T Rio, Be; No. 4 8nto. 1 8 914 e?
"'" "! ."'"s iiii; 11
H.anmia, ,1.SV11.UII,
. a.
No.
uiet;
Tuesday. . ,
Wednesday
Thursday .
Friday
Saturday .. . .
Weak
0.181.807 00
11.141.160.33
11.341.412.32
0.720.220.73
6.611.825.33.
-ev
.34.J26.46g.80 846.878.735.46
Tear Age.
213.180.728.94
e.eo8.T6o;9T
e.ea.S40.6e
T. 610.214. 44
6,792.19(1.42
B.117.237.33
Clearings Retards
Balance SetBlda
. S
Clearing Satarday
Spokane Banks
Jl -.8
eweJs
2.844.837.66
...... 688,441 00
e Bleat
3 S.S63.S02.00
Saturday 1.7.eg3.01
aait rrenaitee aanse
Cltarlna Isturdsy .... 827r200.000.00
tea Anoelaa aenks
Clearings Satarday 81BJT2.S44.ee
Chicago Dairy Brodses
Chicago, Sept 18. Better Receipt. 7316
tubs.- Creamery extra. 56c; extra lima. 68 c
brvta. 47 9 64: packing stocks, 87 9 40 We.
Kggs Receipt, 754 eaae. Curve nt receipts.
.. MiMii.MM,. . iiaiau,. fiMt. idk
47c extras. 63 9 6Sc; checks, 309 36;
amies, 36 9 3SC 4
Cbeea Twine, new. -f fl He: dahdee, 27ej
Toung America. 57 9 27 e; Long Horns.
927e; brhjk. Sue. . -
Llv Poultry Turkeys, 46c; shlckena, '80c
"", 34; reewterst 33a; geese. 24ej duck.
38 per lb. .
Northern Idaho.
Willing to Sell
Wheat at Price
Moscow, Idaho. Sent 18. Wheat nrices have
recovered her from .the tiumri of last Tuesday
and ehib is again quoted at 82.2S per beshel at
local warehouses, with eoireeponding price for
the other grtdse. Much rain at being sold. At
th Partners' onion warehouses and elevator it
ia stated that about 60 per cent of the wheat
brought to town has been sold and farmers are
J ners Ur willing to let go of their holdings at
2.25. but aot for lest
The Farmers unloa elevator na wi .knit...
hare already received 70.000 bushel of wheat
20,000 bushels of peas and s small Quantity of
nets and bsrley, but th amount of oak and
barley raised in tbie vicinity this year is smalL
Club wheat is quoted at 62.23 per bushel.
Osta an quoted st 82.66 Drr 100 mends and
barley the seme. Peas an quoted at 2 te 8
cents a pound, with no mar set and no one buy
ing, except an occasional sale of a small lot
for bog feed. So far there hu been no market
for pea aed no Inquiries fmfn abroad. The
pea crop ia this section is the largest ia the his
tory of ths county, bat dealers bar been unable
to find a market for th pea.
Tin Fanners' anion warehouses and sisrstor
an fat filling up with grain. Slnptawnta an
being made as fast ee ease can be secured and
loaded, but receipts are far greater daily ths
shipment. Pollening s rsln, when threshing
is stopped, the rush of grain to the warehouses
and elevators ia such that it is difficult te find
men to band) it, but when the weather a
good aad thrashing I going on tb receipt ar
not so heary. x
Weald Aid Hay Market
TekJma. Wash. Bert. IS. With aa Idea of
stabilising the hey' market in Yakima valley,
the Kennewx-k Kichland Marketing anion, which
handled the strawberries of the district in such
excellent adrantace, is new preparing te hexMila
the bar. Aceordlna to V. H. Kraa. xaanaeer
of th union, it bss already aimed oo 73 per
cent of th hiy of the Benton City. Kennewick
and Kicltland districts, which is estiaaat! at
300 to 760 carload. Th bulk ef th bay in
tho Tskkna valley ta sow in Iks etmtnl of this
unloa add th Waabinreoa Hay grow srs' asse
eutiow. The latter recently rentpieteel a deal
with the West Bid Dairy ssMemtioa at 328 per
iota f. a. b. shipping point for their season's
requirement. Effort will be made te hold th
tnarket st sbeut this figure, at least to pnvent
Its Soing say lower.
Tfw Tork-Lendos stiver
Kg Tork, sept 12. (I PL 8. ) -oramer-elal
bar silver was today quoted as follows: Do
me tic, unchanged st 9e; foreign, r lower
st 93 a
Uwidoa. Sep! 11 fl . g.) Be stlrer
wse lower today at SSHd. .
Province of '
British Columbia
5-year 6's at 92.85
t- A
to
yield
Dmamiaatiaaa J $00, 2 1000
Cash, or Partial Payment pun
Wire orders -ceQecf
5Secoea eVoosOMAie 64-6 I
; NCSkT4WCTTEItM BANX BL04V. , ,
WE WILL SELL
1000 ALASKA PSTROLgUSI A OOAL OO.
1000 AMALA. ROTALTT
SOO SATIS OIL
se holly suaaa co.
1000 2RIRI HKNrtV Oil
toco uasTs Tftaaiaa eo.
see mabnom motors
100 BARKKRI MIRCMAftTI FITI
1000 INVADEM Or ORIANOSU
1000 aaavgy eauoc '
1000 IDAHO SOLO 9 BUST 88 IN. 00.
a paoiria ststxs nag ins.
M BUT H4MISB, Pro.
B0 AMtft. LiriOORAPH
LlagRTT aottDS AT MgRKgT
Heprin'Rhodes'inc:
.- e eaTAAUSMCD ISPS. . . p
V. 5TOCK34vHoBONDSe.
sXAJN rSS. RAILWAV EXOHAMSK SLD4V.
BterruWe Cvuceae Brd ef Trade
TaOoesA poartaaa sbattii
Oyerbeck &
Gcoke Co. ;
; - Stocks, Bonds
& Cotton, Grain, Etc,
DIRECT PRIVATE -
WIRES TO ALL
- , lCJIANGES
UeAberS CbJc ; Boartf of Trade"
4 yse ,ww; Vf a
SaOdiag
" t .1 , t
218-311 ? Beard
of Trade
ieral - Insurance
' McCargar, Bates & Lively
Vwera Bailtgag Maia Its, si-2S9
Walla WaDa. Waeh..
the met four weeks han developed tb late
fslfa crop la the Walla Walla vslley to sack an
extent that the total yield for this section will
be fsr above normal this year. Th srerags
eo th fourth crop a s lima ted by growers as
ton ana a nan.te tne sen,
Paetnrag baa also been greatly benefited by
th beary precipitation and this has caused -the
bay market hen to be dun fr the last tee
we she. Tb price of baled alfalfa deUewted at
th car ha dropped frosa 886 te 826, aad saaay
expect that it will go lower if th rain eon
tlnu. Tblt wtn probably meas ghat th fifth
rap of alfalfa will be need for paetaraga
Dtotriot HorUeoltsuist K. P." Wood I wot -ready
yet with hi estimate of ths eugarheet
crop, but states that ths rains hav also bslped
the beets wonderfully and that the crop will
probably be larger thaa could be ex pee ted nor
mally from th acreage plsnted.
m ,
Kew Tork Wool aad Hides
New Tork, Bept IS (l N. S ) Wr
llsrket dull. notnlnaL Domes tie fleer XX Ohio,
40t60c; do pulled, sconced ba'bk 40o9 31 16;
do Texas, scoured baala, 00e9 8i.30.
Tfldes Msrket quiet Nstiv ate r. 24
9 28e; branded stsers, 28 9 26.
Jasper Avenue 10
. Edmonton
IS
the Capital at
, Alberta
the Metrepelle
- ef aMweaten
," Oattrvtay te
. the Peeee Rlwev
aad slsvrtvetmsse
Baaiai
asf ladastrial
. eeatetv
aa Agrleattaral ,
Center, -
the reemsriasx
Jetat ef three
Traasraatiaeafe
al Rallrwada,
vhe E4weatlessU
Otlwtt
Alberta
he Crater, e a 1
-J: ;Tr1batary - Area
- af 2A43 Maare
-..r. aalleei --
ee ef the (start- ,
; ; eal growing aae
. . taes pregree
elwe e4la mt the '
V stew fierthweet,:
, t. V -,.-.;
.. -4
M"""""WBBBBweaasaaBBWBBasBaBawaaBaBaBBBBaaeaBWaaaaaaeaiaMBea,aBBBaasBSBaBaBae . . ; Y,
' ' .- f ' - " ' ' ' - ' - -' .-" " ,.-..;..-.!. 5 -'- ,r - ., . -s-,-, - . . )-. . , V- r, , ..r
r " ' j - IL i i if 1 1,,
jasper Avenue a few- years later
; WE OFFER SUBJECT TO PRIOR SALE AND CHANGE IN PRICE
$750,000 6 GOLD NOTES
CePY OF EDMONTON
. PROVINCE OP ALBERTA, CANADA .
To Yield
To Yield
FREE FROM ALL DOMINION GOVERNMENT TAX
DAteo" Sevttobei L 1920.
Denominations $100, $500 and $1000
Principal and Beml-Annual Interest (March 1st and September 1st) payable ia Gold Cola
of tie United Cutis In Near Tork er at the Offices of Morris Brothers, inc.
" BIATURITIES
'. 1 25 (L 000 Due Seat. 1. 1922; Price i.M: Yield 9
- r - .. . $250,000 Dae Sept. 1, 1923; Price 92-26 Yield 9
' ; $250,000 Dot Sept L 1$24; Pries M.ll; Yield 9
. C,V ' FINANCIAL STATEMENT
' Assessed wsJaAtlen for taxes , S9l.i4S.12S f)
Exemptions not included above 2.928,450 90
Total Bonded Debt - 21.4O8.72L00
Use SinkinV rvni $1,721,811 U . .
Water lionda L2ttl2 fv
-i' i;'151trie Ucht Bonl'.,..,. 363.604
- v Electric Power Bond ........................... .g.019.271 -
i! Btreet Railway Bonds ;.. 3,0S.22I5
, Telephone Bonds (....... 1.137.319 11.417.717.0
Net Debenture Debt , ....... .........
" i , ";. Revenne from Tiblle Utll1)es (above cost of operation).... '.
i.'-- Ket i-ocavl improvement Debt
Edmonton V
etOrOO roeooa
ropalatleai
MaalrlpaJly
ewaed a4 pw
eretrel I.tahfinst,'
Fewer, Ilsllway,
Telephone sad'
Waf ereewrli-s
Mystemsei
.rest Llreeteek
aad Peeklag lav
dMatrtee. Id Dttki gal
Draaehea,
isa WetiHss,
4 Colleges,
SO Ceal Tlraea,
1 Aeree eg .
Parka,
Miles af .
Paveveseat. '
WkelesaU
'lleneesH
2d Hotels
the richest
' faraslnsr taade
la tyaaada,. .
4 he trade mt aa
Kasplre peneHasr
te awe threnah
Its Uatlts. ,
Mtl.004.00
' 767.773.00
S.04 6.7 (3.00
Once more ws emojiBtrata thanriceabllity of the Horise of Morris. Brothera, Inci by offerinp. an issua of
c:.tVfoto.9:iXmcter.- It U a most strikins; example of oar purchasing tuidlitributin: power.
TELEPHOKK Qq TEXBCHAPH ORDEns AT Om EXPEHSK
' h
ERO
KstabllaWd
Ovefi
i aleartw
' Ceatary-
i ' - ". -4
alamte-lpeil Betsd Meeutey- cV
'.Morris Bailtiinf,'. ' : "
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