The Oregon daily journal. (Portland, Or.) 1902-1972, October 01, 1920, Image 19

The Oregon daily journal., October 01, 1920, Page 19, Image 19

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Newspaper Page TextTIIE . OIlIIGOn DAILY JOURNAL, T02TLAND. OuZZQU i BAKERS ARE BUYING THEIR FLOUR AT SHADED RAIL SHARES ; SHOW, STlNGTH: Edited by HrxnaalLCobeii Friday, " October: i, nzo. QUOTATIONS V r r i aa as m m a l Iff ADVANCE BUTTER WITH E 1 FRESH HIGHER IN WHEAT MARKET IN STOCK less, a a a MM SVa e. , Ml 111 BSWaav SSaa.eVaalaail aewesa. B . see -!V4aaa.vaavaaa a nn a miiii II h i inn1 i iiu. mill it nmi imi im iimi rii iri ivihii ruLHiuno mi uhiiiilu mniv uuvni -mhuc oiurrHb Despite the attempt of one manipulat ing? creamery, through a friendly after noon paper to boost the price of butter here, the situation continues practically unchanged at the recent decline. Cold storage Interests are not at all bashful In their efforts to fleece the public in order to grab greater profits and in this . work they Jhave been given great assist ance by some of the papers. The Jour nal reports the market Just as it Is. That i ao dlxutune the fact that several Oinlted aslee of rubes bo been mad here re ntlv at firm prleaa. but Uiie ss a very normal flair. The 000017 trade ha bi unableto secure in adequate market here for number at weese end therefore did not offer Ha cubes ta xieb abundance a previously. With th canned milk business in demoral irod condition, It wooM not be at all surprising If the eendesarieg clod within s hort time and this would throw the en tit re production of nUk Into the freeb trade and into the eruo riea. Those desiring sprr-isl Information reganlins ny market should wrt,te the Market Kditor Ore goo Journal, sncloslm etamp (or reply. 8TJOAR PH1CE CUT BT SELLERS A voluntary cat of 30c par hundred pounds bag been made in the price of sugar by Port land wholesalers simply because they feel that at the tower prtrea their martin of profit ia too rest. Mo chance ia notad by refiners. Tha Sew list for granulated ia $15. LOOKS LIKE EGO MARKET IS OFP ' In tha act trade it heains to look aa it the edge is off tba extreme price. In fact f. o. o. bwyen are not willing tn take hold generally ahove 61c a do ten. slthough a few purchases bar been mad higher. CHICKEN TRADE SHOWIKU LOSS Further loss is shown In the pries of ebiokans along the street This is especially true cf liabt fowls, although the entire market is in clined to sag. Ducks show only a nominal call t 2o9t6e pound. ' MEATS CONTINUE IS A BAD WAT - Market for country killed hogs and calves eontinuM decreased, with lower prices again N forced for the latter. Movement ia hard to lores In both Unas, although prices show little changs generally for the day. POOR POTATOES HUB! MARKET Grower offering poor quality potatoes made Up to resemble good stuff are demoralising the local market. Some of the wholesalers hare be come eo disgusted that they are baying out of the state, where bettor grading is shown. BRIEF NOTES OF PRODUCE TRADE Cheese market generally steady. Lady finger grapes down to : 1 2 VI e pound. Peaches scarce for good stuff; most salee at 12.00. New ptck flgi are offering at $3.85 94.00, according to else. Onion trade slightly firmer with damags re ports. J "WEATHER H0TICE FOR SHIPPERS Weather burean advises: Protect shipments dnring the next 8 A hours stain tbs following maximum temperatures: Gting north, 65 de grees; northeast over 8. P. 8. tt. H., 70 degrees; eaet to Baker, 7ft degrees, and south to Ashland, 76 degrees. Maximum temperature at "Portland Saturday about 70 degrees. ' WHOLESALE PRICES I5T PORTLAND These are prices retatlen pay wholesalers, ex cept as otherwise noted: Dairy "roduote " BUTTER gelling price, box lots! Cream ery, prims, parchment wrapped, 63o lb. ; prime, firetsv Sle lb. ; firsts. 66o ih.: entailer lots at an advance. Jobbing price : Cube extras. 68 - ftOe; dairy buttar, buying price. SOe per lb. BDTXKKF-aT Portland deUvery basis, 64c A grade; 61o B grade ; county stations. 86 60c per lb. OLEOMARGARINE Best brand, 40e; ordi nary, 88 Ho; bakers, S8e; nutmsigsrine, 1 lb. cartons, 82o per lb. ... CHEEBE 8Ulns price: Tillamook, freah r Oreoon. fanej trisleu, 5o pei lb.: Touns Americas, 86ca Prioeato . jobbers, f. o. b. Tillamook: Cream WckT 40 9 42c. Selling price: Block Bjo 19c; llmburger, 40 0 Js per lb. . KOtiS Buying price: Current rceiptj. Bl (a)S3c: candied, selling prie, 86c ; aelect. 6870o per dosen. UVE . POULTRY Selling ' price: Heart hens, 26 28c Per lb.: light hens. l920c lb.; springs, Z7&Z8C; old roosters, 1Z014O lb.; turkeys, lies. ( ); ducks, 2085e per lb. Fresh Vseeteblss and Fruit FRESH FRUIT Oranges, 8.259 2S per box; bananas, 12H0 1SO lb,; lemons, $4.80 B50 crsto: grapefruit. $5.006.00; eanU loupes, 82.5U9 3.75; Malaga crapes, lie. per Mb.; Tokays, $3.00 g 8.50; peaches, 2.00j 2. 50 per box; pesre, $2.00 8.00. APPLES New. $1.50 3.60; crbapplei. 4 $ 5c per lb. DRIED FRUITS Dates, Dromedaries. $7.50; Fard, $4.50 per box; figs, $8.50 $4.00. ONIONS Selling price to retailers: New -Walla Walla, $1.25; local. $2.25; aasodatioa telling price, car, $1.50; garlic, 25c per lb.; green onions, 45o per dozen bunches; onion seta, 12c lb. POTATOES Selling price: Oregon fancy. a.258.7S; sweat. 7 & So la. ' BEHHIE8 Huckleberriea. 17 e lb.: cran berries, local, $5 O0 g 0 Oil. BUNCH VCGSTABLES Tnnips. 60c dog. tranches; carrots, 60c; beets, 60c dosen bunches; lettuce, $1.60 crate; cucumbers, $1.50 sack; tomatoes. 75e$1.00; egg plant. 12c per lb. : orucooU, 2 oo g 2.73 ; bell peppers. 6 7e lb.; relery. 90c$l.lO dozen; string beans, iAso lb.; green corn, 30 35c per doxen. Mteti and frevlrleni COUNTRY MEATS Selling price: Country nog. 18 ei 20c- per lb. tor top blockers; heary i Ur'Uti reU, 18alc: heary raal, 1012c ' SMOKED MEATS Ham. 4246e peT lb.; breakfast bacon, 42 0 58c; picnics, 25c per lb.; wiuisv roii, oac per id. . LARD Kettle rendered. 28aIb. ; tierce basis. compound. 20c. ' Flah and Shathriah FRESH FISH Salmon, fresh Chinook. 14 A 16c U.; halibut, fresh, lttt20o per lb.; stur ,a (); black cod. 10 & lie lb.; kippered salmon. $2.50 per 10-lb. basket; kippered cod. i J.i; rasor clasas, ( )j crabs, $2.75 at 3.74 oan;.llnc cod. 8o lb. . OTSTSUS Ifaetem. per sallon. gs.oo OtrmpU. $4.50. Qfoeerlag SUGAR Nominal prices, reflhery basis: Cbe. $16.85; fruit and berry, $15.00: D yel low, $14.40; granulated, $15.00; extra U, 113.70: golden C, $14.60. HO.VET Kew. $7.0008.00 ease. BICE Jafn style. No. 1, lie; New Orleans head, ( ; Blue Kose. 11H llte,lb. ALT Caa.ru. half ground, 100a, $17.2$ Kr tMi,0e.$18.TBS table dairy 60s. $27.25; lea. $8.O4.o0; fancy table and dalrr. $34.80; lamp rock, $26.50 per tan. BEANS Bales by jobbers. Small white, o lb : large white, 60; rink. 7 He lb.; hmas. 10c; bayou, lie; reds. 8 44c; Oregon beans, buying; prices, nominsL - CANNKU MILK OarnaUon, $6.00; Borden; $8.60; Astor. $5.00; Eagle, $12.83; Ubby, $6 60; Mount Ternon, $5.90 per case. COFFEE Roasted. 2e0 4Oo ia sacks or rams. ' TJtter demoralisation of the canned milk market Is shown in face of the fact that an advanced price has been awarded to fresh milk Interests here during the last few days. Despite ell the calls for higher milk prices, the condense rise hare found to their dismsr tha seen prevailing figures hare been too high to admit of consumption auff icst to take rare of too output. 8tggering lots-a are faced by eondeQunei all oser the country and recant sharp declines haT been fora.e) in the price of 'Jam canned product at Eastern points. Fritter saomlng too Carnation Milk i'roducta company notified the trade of a iheer Crop of- 50c a esse in the price of its entire .'let of brands, tin lower price ef-ectira at once. Reports from eondensary centers indicate that the word is being quietly spread through the country that the milk plants are likely to close for an indefinite period, within a short time. Tbie would throwt huge supplies upon the local Big Apple Order From England Is Soon to Go Forth re. local branch will ship eerersl eriioads of Umpqua valley apples direct to England for the fancy trade. The order lor the fruit has been re ceived, and packing will begin ss eoon as the applea are ready So market. Owing to the fact that this aection has not auffered ma terially from the recent storms, the fruit will all be sent from Douglas county to fill this foreign order. After a careful surrey of the county, li wet found that the reseat wind storm was not near so detrimental oe st first estimated. The quality of the 1 rait will be better, in fact, after the thinning, which was caused -y the winds, snd the fiin in this wsy will in many Instances oorer the loss, while In some sections there will be aa actual gain. Douglas county hss serersl thousand acres spread orer the dif ferent TaUeye of the Umpqua. ' The orger from England is. one of the largest received for several years, and Douglas oounty will fill practically tbe entire order. Big Blanket Order Is Being Offered Bradford, England. Oct 1. (I. N. 8 ) A myttsrioua foreign power Is endeavoring to pur chase an enormoua quantity of blankets here according to rapcrte on tba Bradford wool ex change today. A representative of the blanket keeking nation is Quoted as saying that he la placing orders for from 3,000,000 to 4,000.000 blankets in England. HOW WHEAT RULED Bid. Hard white tSJi Soft white t.lt White elnb S.is Hard wliter Ml Northern spring 2.1i Red Walla J, f.10 Loss, te . te 76 ie e NORTHWEST GRAIN RECEIPTS (Furnished by Portland Merchants' Exchange). Can Wheat. Barley. Flour. Oats. Hay. 4 37 Fri. DAIRY PRODUCT8 OF THE COAST San Franclsae Market San Francisco, Oct. 1. (U. P.) Butter Extrsi. 67c; prime firsts, 61c Kgra Extrss, 78 He: dirties, 65 Vic; extra pullets, 65 Vic; undersized pullets, 62 Vic. Cheese California flats, fancy, 3 5 Vie; firsts, 27c. k Seattle Market J 1. U. p.l B Seattle. Oct. 1. U. P.l Butter City creamery cubes, flic; bricks, 63c. Eggs Fresh ranch, 72c; pullets. 60c Los Angeles Market Log Angeles, Oct. 1. (I. N. 8.) Butter, 69o. Fygrs Extras, 73c; ease count, 65c; pullets, 59c; peewees, 47c. Toultrj Unchanged. , POTATOES ALONO THE COAST settle Market , Seattle. Oct. 1. (UP.) Potatoes, Eastern Washington Netted Gems. 2 Vic; losal. 2 2 Vic. San Francisco Market '" Baa Francisco. Oct. 1. (U. P. ) - Potatoes Rivers white. $2.4092-60; tweet. $93Vsc. Onjoct Isllow white. 0e 11.00; Aus triliaa brown, 11.00 l is. Lee Angeles Market Loe Angeles. Oct. 1. (L N. 8.) Potatoes Early and White Rose, fancy. No. 1. mostly, $1.00 1.25 per lug; sacked. No. 1, 82.00 2.25; Stockton Burbsnks, best, $2.753.10; poorer, $2.25. ' Apples Go East Wenatehee, Oot. 1. The first solid trainioad of fruit left Wenatehee for Chicago, New York and Eastern points September 26. It was a 47 car train. Eight cars were soft fruit and 80 ears snples. Th second train of 47 ears left September 20. Three cam were pears and 44 apples. According to 3. C. Maher, general agent of the Great Northern at Wenatehee, at least a trainioad will go out every night till the shipping season is over. Fruit is being picked all through North Cen tral Washington. Trucks loaded with applea are rushing through the streets of Wenatehee by tens and scores. The graders at most of the warehouses through this section are running full time. New York Batter aad Egga New York, Oct 1. (L N. S.) Butter Market iteady. Creamery, extras, 60 0) 62c; creamery, extra. 51 H (t 60c; creamery, higher scoring, 60 VI 84c: state, dairy, tubs, 45 0 59c; renovated, extrss, 52c asked. Chame Market unsettled. State, whole milk, epecials, 28 9 29 Vie; whole milk, fancy. 27 Vi 28c; Wisconsin, whole milk, fancy Toung Amer icas, 28 20e; state, skims, specials, 16 4 19c; skims, choice, 15 16c; skims, fait to good. 12 14 Vic Eggs Market irregular. Nearby white, fancy. 89 90c; nearby brown, fancy. 72 78c; extra. 04 0 65c; firsts, 67 60c. Dried Frail aid Begni New York, Oct. 1. (L N. S.) Beans aiarrow, cnoiee. sii.nu: rjea. Market dull. oadsc SODA CRACKERS In bulkv 20e er lb. NUTS Walnuts, aa . sn7 7 t.' !- -TBvyov luuvna, oc in aacc lots: t suae. 14 al(e; pecans, 2o; Brasila, $5c - vain, VMS - ?i)F8U' lf io; white, 20e lb.; standsrd msinila, 26 Vie. LINSEED OIL Raw, bbla., $1.84 jsX; COAL OTL Pearl or water white, tn drums I Jron barreis. 17 He gallon; cases. SOe per 4lOA80LTN Iron baxrsls. 230Viei eeaks, !IH?pr mKAITD' toU- so joTSifeI?eI1inta- ";Ml 1 Mops. Weei and Hldee '! (" - HOPS Nominal. 181S eron TOa ma ' ' r HIDES 4Wthi (an i) fi-v hide. (aU weighU). 8 graenTt lib ShTTZ der lapouui). 2022c; treei Tor Ult kto tIS to 30 lbs.). 13 15c; aaS TKoj. gvjraa. bulla. 7e; dry hides. 20c; d aiStimdi 15? airy calf runder 7 lbs). 35c araea, io. SALT HORSE HIDES (Large) 84 celt borae fasdas (medium). $8 each: salt hll hides (Moaal). $2 each. ' ' PaXTfei Dry fine long wool pelts. 'IS tie . dry awdluBi kag wool pelts. loiTdrr tauL long wool pelts. So lb.; saTssd W, tSIi.TosT 5c each. , w SALT PELTS -Salt long wool Delta, as na ack; salt lamb pelts. 60 9liaUchVU!t ai?' toga, 35 50c each; salt clippars. 16 - MOHAIR Long, !le;XtU "J ft I TALLOW AN CRltASr-jTo, X tallow, fej tfllZ . feel, 8e tb. eld Dried Fntita Markst quiet: Apricots, ex tra choice and fancy, 30 86c; apples, evapo rated, prime to fancy. 12 917c; prunes, 80s to 60c. 17H 25e; prunes. 60s to 100s, 8 H I3c; peaches, extra choice to fancy. 19Vi& 21 Vic; aeeded rsislns. choice to fancy, 23 Vi 2 6c Chicago Dairy Prodaee Vi0. N- S.) Butter Re- SVV.619 tub- Creamery extras. 68e; firaU, 48 66c; packing stocks, 87040 Vic 'Pr-Koeipt' 1111 oases. Miscellaneous, 30 66c; ordinary finto. 30 056c; firsts. e; cheeks. 87 838c; dirties, S3 042c. Live Poultry Turkeys, 4 So; chickens. 27 80c: springs. 27 Vic; roosters. 22c; geeee. 23c; uucks, 82c per lb. Hop Yield Satisfactory Dayton Or., Oct. 1. The boppicking sea- i?SrJS.f0?d ?eld,v Tn' about 140 f Dra"d to hops here, some e acres of theea plaoungs . new yards from which a aatufactory yield was obtained. , New York Metal Market New York, Oct. 1. - (i jg g j Copper "k ; spot, Octobsr. November' and December! eixerea, 18. "Z1.': ? Jld October, offered, T.70; November, offered, 7.63; December, offered! Spelter Easv: mt rw.nK .- . Herad. 7.70; Dece-mberr "otfered, 7 8w. ' ' Liverpool CoUoa Easier Urjrpool. Oct, l. (I. N. S.) Spot eottoa balsa. American middlings fair. 25.42: cood middlings, 22.67: fully middlings. 20 92- mkU Wft W: orduSry. 11.92; ordinary. 10.02. Oottoa luturee steady New York Wool aad Hides New Tor. Oct 1. (L N. 8.) Wool Market dull. Domestic fieeos, XX Ohio. 40 SOe; pulled scoured basis, i40c $1.15; Texas aooured basis. 60e7$1.20. . maas Mark a dull Native 28c; branded stoers. 22 23c. 24 Vi 5w Tork Siftr ad Coffee STar' Oct 1. (0. P.) Sugar weaker: ;00: retined. wsaker; grasulatad. 318.00 ot No. T Bio, 7 8c; No. 4 Coffa Santos, 124 01$sc Kew YorkLoBdea snrer . Terk.Oet. 1. (L N. 8 ) Commer-tods-.. quoted as foUos: is. oTlTi """" " w we; loretcca off Isulm - rt la m t He Bar silver- was . 8i? raja llUrM Portland. Year icq season to date . .4H3H Year ago 2660 Tscoma. Thurs. . 2 Year ago 30 Season to date.. 1473 Yesr sgo 1639 Seattle, Thurs. .. 18 Year ago 5 Season to date. . 11 R2 Year ago 1638 4 12 5 118 2 81 140- 12 880 103 720 227 520 2 .. 4 1 11 16 226 81 297 70 76 278 2 8 8 (I'M.. 30 65 71 575 108 196 191 463 Complete stoppage of all business is shown in the grain trade at practically all Pacific Northwest centers. The lower prices .have not caused dealers to refuse to make bids at country points, but they have stunned the producers. October is usullly the big buying :njnth in the wheat trade, but the peiod sta'ts this sea son with an unusual tluggisbnass. There is no disposition st sll to purchase at the moment for the account of foreign inteTen.s and a com plete cecession of export trade is shown on the Atlantic coast ss well as on the . Pacific and in the Gulf districts. Severe cutting of prices on bakers' flour is reported in some ousrters; as much s l!5e a barrel being shaded from list valne. slth-roeh soma of the leading mills are adbjrioj tight to their lists. On patent flour, with the ex ception of one or two of the smaller mills who ere sia to De shading values 10c to lac a barrel, tbe price is being mstn'sined, although the rosrket is wesk. Foreign business apvsri out of the question st the moment. FLOCK Selling price, mill door: Pstant, $12.60; Montana spring wheat. $12.90; Willam ette valley brsnd. $10.40i local straight. $10.40; bakers' local, $12.00 912.26; graham. $10.60; whole wheat. $10.80. Prices for city deliveries 15c extra; suburban, 20c extra. HAY Buying prices, nominal: Willamette timothy, fsncy, $29.00 per too; clover. $22.00; chest, $24 00; straw, $10.00; olover. $22.00; grain. $24.00 0 24.50; alfalfa. $24.00 924.50 per ton. GRAIN SACKS Nominal. New erop deliv ery; No. 1 (Ja lent to, 10 911c; domestic 1 1 Vi e In csr lots ; leas smounts higher. MILL8TUKFS Mill run at mill, sacked. $57.00 57.50. " , OATS Per ton, buying price: Feed, $45.00 946.00. BARLEY Buying price: Feed, 345.00 Bto.uu; milling. 147.50 4S. BO. SEED Buying prtce: Bed clover, reeleaned. 30c per lb ; alMke. 80c: Vetch. S Vi 9 c lb. FEEDSTUFFS F. O. B. mills: Rolled bar ley, 362;.alfilfa meal 336; eocoannt meal. 553: soy been meal, $70: Unseed meal, $85; cracked corn. S73: wbole corn. $70 par ton. Merchants exchance bids: WHEAT SUGAR IS ATTACKED Hard white . . . Soft white . . . White club . . Hard winter Northern earing Red Walla . . Oct 225 215 219 215 215 210 No. 2 white No. 2 gray . FEED OAT8 . 4600 4100 BARLEY Brewing 4750 Feed 4500 CORN No. 3 eastern (bulk) 4 800 No. 3 locsl (bulk) 4900 Nov. 225 215 218 215 212 210 4600 4000 4750 4500 4 600 4630 Lower Opening in Wheat Trade for All Option Months Chicago, Oct 1. .(I. N. S.) Cash corn broke as much as 26c and December wheat 9c on the Board of Trade today. Wheat weakened with Northwestern markets, but regained moot of the loss. December and May corn gained strength on short covering;, with oats following;. Provisions were strong; early, but weak ened in sympathy with the break in grains and tbe loss of the early advance is hogs at the yards. October was the wildest delivery in the corn list, owing to the uncertainty as to the extent of readjustment between cash and corn futures following the ending of the September option. December and May corn dropped to new low levels on the crop in sympathy with the break in wheat Winnipeg and Minneapolis broke 7c early. At the close December was 4V45,4c lower and March off 3i44c. October corn dropped lVic, but December gained He May unchanged to Mc higher. De cember oats advanced Hc and May ic. Pork lost 1012Vic; lard, S& 10c, and ribs 25c. Chicago. Oct. 1. (L N. 8.) With an active mixed trade wheat started today unchanged to 2c lower for Dec and e to 1 Vi o lower for March. Commission houses war active on both aides of the market. Corn started He lower for Dec and un changed to H6 lower for May. Commission booses sold at the start, while cash interests and shorts were on the buying side. Trade was active. Oats started He lower for Dee. and Msy with a light trade.- A leading elevator interest was the principal seller of May oats. Provisions were higher for lard and ribs, with limited offerings. Range of Chicago prices as furnished by the United Press: WHEAT Open. High. 216 218 , 209 H 210 Vi CORN Dec March Low. 208 203 Vi Close 211 . 207 Oct. 105 108 Vi 102 102 Dec 91 74 93 91 91 OATS Dec 66 Vi 57 56 H 57' Dec. 164 167 161 H 166 May 159' 160 153 160 BARLEY Deo.'. 93 93 92 92 May ..... 92 H 93 POBK Oct ..... 2810 2320- 2306 2805 Nov. 2360 2365 2355 2355 LARD Oct 1927 1930 1900 1900 Nov 1942, 1950 1920 1920 RIBS Oct 1550 1553 1460 1525 Cash Barley 78 998c Cash Wheat No. 1 red, 82.27; Nc 2 red, 82.26; No. 2 hard. 32.21 9 2.23 H ; No. 8 hard, 32.18; No. 3 spring, $2.11 Vi- Saa Francisco Poultry Market Bn Francis Oct. 1. (D. P.) Broilers, 48 9 62e; beat ducks, 27930c. New York Potato Market New York. Oct 1. (L N. S.) rmtaliwc Market weak. Nearby white, $2.00 93.75. MlaaeapoUs.DalaUi Flax m S- 1- (i N- 8- Flax, October. 8.06Hb; Novwmber. S.10H: December. 8.14 track. 8.07 H98.ll H; arrive, 8.07 H. Minneapolis, 3.04 93.06; arrive, asms. Saa Francisco Grain Market San Francisco, Oct 1. Grain calls: Barley December. 82.06 ask. WJjat "on. 32.75 92-80; milling. $2.75 New York, Oct. L CO. P.) The New York Evening Sun financial review this af ternon said : Tba character of today's stock mar ket was not essentially different from that of yesterday's session and the vol! ume of trading was about the same a bit lighter, if anything. There was much the same cleavage with respect to railroad and industrial descriptions, the former being strong and the latter heavy, although there wero Intervals in which fair rallying power was dis played. The shorts definitely took to cover in the afternoon and substantial gains were recorded, the oil shares as suming the lead in this movement. In mid-afternoon the shorts resorted to covering in earnest, and with the oils In the lead net gains were In, numer ous cases as much as one to two points or more. Desire to, adjust ac counts against the week end largely governed the movement " New York, Oct 1 (U. P- The stock market opened firmer today. Leading prices were American Smelter, 59. up Vi ; Reading, 94 Vi. up 4 ; New Haven, 35. up V4 ; Pan-American, 38, up ; South ern Railway, 31, off Vi ; Baldwin, 108. up ; United States Rubber, 75, up H : Baltimore t Ohio, 46, up ; Sin clair Oil, 30, off Vi : Chesapeake 4 Ohio, 67, unchanged ; Canadian Pacific, 122, up ; Southern Pacific, 98, up Vi ; Willys Overland, 10. off ; Stude baker, 534. off ; General Motors, 17, up Vi ; Bethlehem B., 6Vs, up Vi ; Union Pacific. 125, up ; United States Steel, 86, up . ' Oils were still reactions rj and opening re coveries were not retained. Texas company made an opening of 48Vi, compared with the week's low of 46. Mexican Petroleum, after opening at 186 54. reacted to a new low under 188. Traders looking for vulnerable spots, sold sugars. American Sugar msde a new low for the yesr at 100, but quickly rallied to 103. Studebaker rallied 2 points to 63 in the second hour. Traders said it indicated motor stocks had been oversold. Reports that .the threatened British coal strike had been postponed sgsin caused a rally in certain lines of stocks s round 1 :80. Steel and some of the oils advanced. Furnished by Overbeck 4k Cooke Co.. of Trade building: , Board DESCRIPTION : Moaey kad Exekaags New York. Oct J IT. r iiah m the Done of tha New York axaak exchance Pee casu. kick 8 psr cCkw TH49S per cent Tba nuket for prim awcarrfilg paper Hterhnc -w s ss ' stessli. Ilk kaat aiaf bUla at 849 H tor eVssnand.TT ZT-l-T?fTT Allia Chalmers . . . Alloy Steel 'Am. Agr. Chetn. Am. Beet Sugar . Am. Can, c Am. Car Fdy. . . . Am. Cotton Oil . . Am. UMs A Leth.. Am. Int. Cor. . . . A ra. l.irlAeed. e . . . Am. Loco., c. . . . Am. Ship & Com . Am. Smelter, c. . . tAm. Steel Fdy. . Am. Sugar, c. . . . Ar Sumatra Tob Am. Tel. Tel. . Am. Tobacco . . . Am. Wooien, c. . . Am. Zinc Anaconda Mining Atchbon, c Baldwin Loco., c. Hal. A. Ohio, c. . Beth. Steel B Brooklyn Rap. Tran. Butts at Superior Canadian Pscilic ueotrai Leather, c Che. A Ohio Chi. Gt West, e . . CM. c St P. . . C. A N. W Chile Copper . . . . Chino Copper CoL Gas A Elae. . Colo. Fuel at Iron . . Cons. Gas Corn Products, c . . Crucible Steel, c ... D. A R. G . c Erie, c General Cigars. . . . General Electrie . . . General Motors . . . . Granby Cons. Gt Northern Ore. . Gt. Northern Ry. . . Greene Cananea. . . . Qulf States Steel. . Invincible Oil Illinois Central. . . . Industrial Alcohol . . Inspiration Copper. . International Paper. Iflt'l Harvester. . . . int. ster. Mar., c. lnt Nickel .... rvas. city ooutn., c. Kennecott Copper. . Lackawanna tit eel . . Lehigh Valley Middle States Oil . . Met. Petroleum . . . Miamai Copper . . . Mid vale Steel Mo. Pacific, c. . . . National Enamel . . Nevada Cons. New Haven N. Y. Air Brake. . N. Y. Central! . . . Nor. It Western . , . Nor. Pacific! . . . . Okla. Rat. A Prod. Pure Oil Pan Am. Pets., c. . Peon. By Peoples Gas Pierce Oil Pittsburg Coal. c. . Pr. Steel Car. c. . . Ray Cons. Copper . Ry. Steel Springs.. Reading, c, Royal Dutch Rep. L a 8.. c Rock Island, c . . . . Sinclair Cons Slots Sheffield Southern Pacific . . . Southern Ry., e. . . Studebafcer, e Shell St L, & S. F. Swift A Co Tenn. Copper Texas Oil Texas Pacific Trans. Oil TJnion Pacific, e . . . Union Oi lot Del. . C. 8. Rubber, c . U. S. Bmelt. A Ret V. S. Steel, c Utah Copper Vanadium Steel . . Virginia Chem., c. Wabash Western Union West Electric Willys-Overland . . Open U 37 H 81 73 31 181 S io" 71H ti8 93 H 18 -69 35 105 86 07 Vi 132 72 1 J. 51 Vi V 10 8 Vi High Low 82 H 37V 81 78 32 Vi 132 . io 72 H as 94 18 60 S3 H 103 Vi 86 Vi 97 H 135 74 12. 52 Vi 87 1108 46Vi 47 6UVj 69 12Vi 18. 122H 43 Vi 67 13 Vi 40 H 77 14 26 67H 82 Vi 37 H 80 71 31 Vi 1S1 10 71 66 Vi 93 17H 69 35 H 99 85 S Close 32 H 37 78 72 31 13 J H 234 10 72 08 Vi 93 V 17 60 Vi 83 Vs 101 86 97 H 97 HOGS DRQP50 CENTS IIDSTK HIT NEW LOW LEVELS 132 71H 12 51H )6 88 824 129 2 OH 141 Vi 17 "3 82 H 'so' ' 83 91V, 80 H 44 78 112 20 H 17 24 23 GO 50 Vi 14 4 1185 H 19H 37 H 29H 56 H 86 92 H 77H 98 Vi 854 s 88 H 88 42 H 38 H 12 H 69 98 14 H 93 H 94 85 H 74 to 62 H 98 H 81 Vi 634 614 32 H 106 9i 48H 8S4 11 4 1254 2T 75 86 60 H 64 62 , 12 ai, 8 107 Vi 46 Vi 67Vil 68 H 124 UH 11 134 H 73 12 52 87 H 108 H 47 Vs 184 124 Vi 44 684 13 40 784 14 Vi 27 Vi 68 'o3H 83 H 131H 2H 20 H 141H 18 ii" 844 'so' ' 4H 93 Vi 814 45 75 112 20 17 24 23 Vi 61 Vs 53 Vi 15 1874 IB H 33 30H 67 86 92 H 78 100 so a v 884 90 38' 12 Vi 70V4 93 4 14 Vi 98 H 95 88 H 76 40 Vi 32 2 994 82 65 Vi 53 32 106 9 49 89 H 11 4 126 Vi 27 1TH 86 61 65 62 12 47' ' lOVi 18 122 43H 67 12 40 77 14 26 57 H -' 83 " ' 81 128 2 20 141 17 83 82 "so" ' 33 Vi 91 80 H 44 H 73 112 20 17 23 22 60 49 Vi 14 182 19 87 29 56 '86 92 77 ' 98 84 1 3 38 87 42 37H 12 69 92 14 9 93 85 72 89 80 62 98 81 H 68 51 32 Vs 106 9 47 38 11 126 75 H I S3 60 64 59 12 46 IO Total sales, stocks, 969,000 shares? Total sales, bonds, $16,268,000. 'Ex. Div., 2 per cent lEx. div. per cent 1 Ex. div. 1 per cent. I Ex. div. 1 per cent x. div. 1 per cent. 18 123 43 67 14 40 77 14 27 67 38 83 83 130 2 20 61 141 Vi 17 33 33 84 28 33 93 81 45 74 112 20 17 24 23 61 53 H 14 186 19 37 30 57 11 86 90 77 100 86 3 38 89 42 37 12 70 92 14 93 84 88 75 39 81 62 98 82 54 62 82 106 9 49 88 H 11 W 125 2 76 55 86 61 64 59 12 82 46 IS Liberty Bond Sales (Furnished by Overbeck A Cooke Co ) open. mgn. Low. Cm. HOW H06S RULED Fertlaad. M lower .I18.M Caieace, higher 13.1$ Kansas City, active 13.60 Dearer, a toady .j. lfc0 PORTLAND LIVES TOCX TJN. ' Hogs, Cattle. Calves. Sheep. . 69 77 15 265 Friday Week ago .... Two weeks ago Four weeks ago Year ago .... Two years ago Three years sgo Four years ago ..429 , .108 . . 87 . .203 . .660 . .363 ..951 69 134 224 117 208 76 150 8 2 67 15 1417 64 2139 301 , 887 247 Hosts were araln 60c lower, cattle ruled steady, while sheep were depressed.' Kun ror fYlday at North Portland was but five carloads. In the hog alleys the market sickened at the Friday opening with a iurther loss of 50c at North Portland. Tops did not command mora than 816 daring the day. Pigs, appeared io bet ter demand than killer staff god qooUtiou in that line were proportionstely highest. General hog market range: Prime mixed $15.50 16.00 Medium mixed lft.OO c 16 50 Smooth heavy 16.00 16.0 EUgigh heavy 12 OO 14. OO Figa 14.00914.50 Cattle Trade Steady In tha cattle alleys there was bo further change for the day in general North Portland quotations. Friday's arrivals were but 77 bead. Calves are displaying weakness generally. General cattle range: Cheica gram steers f 0.00 9 10.00 Good to choice stoers.."., 7.75 0 9.00 Medium to cood steers... .75 7.78 Fair to good steers 6.25 6.76 Common to fair Users. 6.75 9 6.95 Choice cows god heifers 6.75 9 7.50 Good to choice cows aad heifers 6.75 9 0.75 Medium to good cows aad heifers 4.78 9 6.7 Canners 2.76 4.76 Bulla 6.OO9 0.00 Choice dairy calves'.. 13.00 9 16.00 Heavy calves 7.00 9 0.00 Best light calves 11.00 9 18.00 Medium light calves 9.00 911.00 Beet feeders 7.O0 9 7 66 Fair to good feeders... 6.00 9 7.00 Prime lsmbs , 0.60 9 10.60 Medium mixed 19.00 9 19.60 Smooth heavy 17.60 918.00 Rough heavy 16.60 917.50 Pigs 14.60 9 18.00 Mutton market Sick Evert though there were only 365 bead re ported in the North Portland sheep and lamb alleys Friday, the market was depressed snd very slow. While arrivals were scant, a num ber of can have been carried over from day to day because of the ' lack of action by buyers. Prices reflected no change Friday morning and it is doubtful if printed values are obtainable. General sheep snd lamb range. East of mountain lambs $ 0.00 9 10.50 Willsmette valley lambs 8.00 9 9.50 Feeder lsmbs 8.00 9 9.50 Cull lambs 6 00 9 8.50 Yearlings 6.50 9 7.50 Wethers 6.00 9 6.50 Ewe 3.29 S.OO Thursday Afternoon Saiss STEERS Liberty, SHs Liberty, 1st 4s Liberty. 2d 4s Liberty, 1st 4s. 8820 884 8 Liberty, 2d 4s. 8710 8768 Liberty. 3d 4s. 8860 8954 Liberty. 4th 4 s. 8700 8770 Victory. 4s ... 9584 9610 Victory. 3s ... 0686 9610 9118 9134 9116 8800 8703 8860 3700 9580 9680 9184 8780 $720 8830 3742 3940 3784 9580 9590 L1YERP00L ASD SOUTH ARE 8ELLER8 OF COTTOK New York. Oct 1. (L N. 8.) At the open ing today the eottoa market was 11 to SO points higher in response to strong cables, bet quick reactions followed, under active realising aad a trowing impression that the rVeptsmber dterioratioci will be less than expected audi the crop ia ezoass of last year. i Liverpool aad the south abid here, th latter doubtless because frosts did not matanahsw ex cept io a light form, while fair aad warmer weather was e?eoted by tomorrow. At the end of the first 25 minutes the mar ket was easier at about set "-i"tTii- Open. High. Jea. 2l8 2207 March ...... 3165 2170 May 2185 2150 Inly 2005 2083 Oct ....... 2400 3410 Dee. ....... 2220 225$ Low. 2150 211$ 2080 2030 2390. 2190 Close. 2148 2110 2080 2080 4310 2188 - - ' Naval Stores Market ; .New York. Oct X (L N. R TarpWtneU niiBalL j 11.27 L0i gw7r . Boeta cUrsaaab, . t sia.vo. - JSvs4toah.,ktl.$e: Kew York, No. Av. lhe. Price 1 No. Av. lbs. Price 26 10.15 $ 7.50 I 6 971 $ S.OO 3 983 7.50 I COWS 2.... 900 $ 4.00 I CALVES 1 100 $ 0.00 I HOGS 12.... 195 $16.00 4 275 $14.25 63 181 16 25 8 228 10.00 elO.... 159 16 00 4.... 145 14.25 12.... 190 16.25 4 182 18. ou 1 200 15.50 1. 210 15.60 6 263 15.00 4.... 230 14.50 3 173 16.25 15 180 16.25 2 155 15.25 5 153 16.00 EWES 4.... 122 $ 5.50 I e YEARLINGS 4 . . . . 125 8 6.00 I LAMBS 60.... 74 3 9.00 I 7.... 61 3 7.00 19 88 9.O0 7.... 01 7.60 253.... 71 8.60 I 12 86 8.00 WXTHXRS 171 92 $ 6.21 I 122 ... 0 $ 6.2 MIXED 15 102 8 S.OO I 10 Friday IvVoenlng Sasss OOWS 15S f 4.00 No. Av. Lbs. Price. No. Av. Lbe. Priesl 1 850 8 4.50 4. ...1042 4 50 2 1085 3 50 8 066 6.50 3 1070 0.00 2.... SIO 5.00 STTEEBS 10.... 870 $ 0 00 I 0.... 728 $ 6.00 CALVES 13.... 252 3 9.00 I 1.... 120 814.00 BULLS 1 1480 3 5.00 I HOGS 3 236 815.00 I 3.... 188 815.25 5 236 16 00 AMERICAN LIVESTOCK PRICES Hoot 313.10 Chicago. Oct 1. (L N. 8.) Hogs Receipts. 11,000; higher. Bulk, $14 50916.00; top. $16.10; heavyweight $14.80 915.90; medium weight $16.85 916.10; light weight $16,20 9 16.00; light lights, $14.10915.80; heavy packing tows, smooth, 814.25 914.63; packing sows, rough, $131.85 914.26; pigs. 313.00 915.00. - Cacti Receipts. 6OO0; dun.' Beef atom, choice sad prime, 610.75 9 18.85 : medium and Good. $12.00916.60; tigbt weight $14,009 18.00; good and choioe, 814.00918.00; cot-smog, and medium, 88.50 913.75. Batcher eat tie. heifers. $6,009 13.60; cows. $5.6911.00; bnlkj. $5.25 911.00. Canners and cutters, sows and heifers, $4.00 9 6.26; canner steers. $4.60 9 7.00; veal calves, light and nandyweight $14.50 917.70; feeder steers, $7.509 11.75 itocker gteen, $4.60 9.60 gtocker cows sad heifers. $4.5098.00. Western range cattle, beef steers. $9.00 914.00; OOWS sod heifers. $7.50 9 9.75. Sheep Receipts. 5000; tower. Lambs, 84 tbs. down, $10.60918.35; culkt and common, $8.00910.00; yearling wethers, $3.23910.00; ewes, 34.50 9 5.75; culls and comsaoo, 82.2419 4.25; breedings ewes. $6.25 9 8.75; feeder lambs. $11.00912.75. Denver Hogs SI S.OO Denver. Colo.. Oct 1. (0. P.) Cattle Receipts, 200: steady. Steers, 57.50 910.60 eows and heifers. $5.50 97.00; stock (rs sod feeders. ; calves. 87.00 9 9.00. Hogs Receipts. 100, steady. Tope, S1S.00; balk, $14.74 . 15.60. Sheep Receipts. 4500, 25c lower; lambs, $11.75912.25; ewes, $4.2594.60;- feeder lambs. $12.00 912.60. Kansas City Hoes $16.60 Kansas City. Oct. 1. (L N. S.) Cstita Receipts, 1500; light 8toen, $15.50917.00; eows aad heifers, $9.00 915.00; calves, $10.00 916.00; stockers and feeders. $7.60911.50. Hogs Receipts 1600; active. Top, $16.00; bulk. $16.00 to $16.40; heavies, $16.00 to S15.60: lilfata. S15.26 to 315.55: medrama. .$15.25' to $15.60. Sheep Receipta. 500; alow. Ewea, $5.00 to 18.25; yearlings, $8.10 to $9.00; lambs, $11.00 to $12.40. Ne Seattle Hog art at Seattle. Oct 1. (I. N. 8.) Hogs Nona. Cattle Receipts, 101; weaker. Prime steers, $9.60 9 10.00; common to good, 80.009 7.60; medrnuB to choice, 88.00 99.00; best eows and heifers, 87.25 7.78; medium to choice, $6.00 9 7.0 6.00; calves, 6.00. Sheep None By Broavlan Wall New York, Oct, 1. Strength tn the railroad shares, with further weakness in the industrial depart ment, characterised dealings In the stock market Thursday. The per sistent selling of industrials In many Instances resulted in new low levels for thia movement, and In some cases tha lowest prices in histoiy. Brokers reported that it is now fashionable to sell the Industrials and buy the rails. Closing cfuotatlons for the Industrials was around the lowest of the session, while the final figures for the stocks of transportation companies were near the best. The Industrial issues have reached the point where many bankers and brokers beUieve that they have about discounted the worst that can Happen. They point out that the corporations will have to take heavy losses on account of depre ciated inventories but add that their profits have been so great since the be ginning of the European war that losses can be taken out of the surplus earn ings of previous years without result ing. In reoourse to the bankruptcy courts. -To those taking an optimistic view of the situation the worst is about over. Some of the tire manufacturers have decided to take the bull by the horns and out prices. A substantial reduction, probably 15 per cent, is epexcted to be announced tomorrow by one of the smaller companies whose shares are traded in on the New York Stock Ex change. The curtailment of production by the tire concerns may be realised from the fact that within the last month $5,000 passenger tickets have been sold at Akron to people who left the city be cause of unemployment Reserve Bank Head Calkins Is Visitor John U. Galkinsr governor of the fed eral reserve bank of San Francisco, is a ' Portland visitor today. After a con ference with Frederick Greenwood, man ager of the local branch of the federal reserve bank. Calkins visited the mem ber banks of the city. He will leave the city tonight to continue his visit to the reserve bank branches and member banks of the Northwest Chicago Potato Market Chicago. Oct 1. (L N. S.) Pototoee-v-Re-ceipte, 28 cars. Wisconsin. $2.00 9 2.10; Da kota and Early Rose. $2.16 9 2.23. Business' Conditions: Are FoundHealtliy By Reserve Board Washington. Oct 1. Excellent crop yields are providing sustained buying powers. Banking conditions have de cidedly Improved prices, many commodi ties are seeking more normal levels, a notable change for the better has taken xilaoe in .he efficiency of labor and bual ksas conditions are now definitely on the road toward stability. These are outstanding points in a review of gen eral financial conditions throughout the United States by the federal reserve board for September. Changes In prices have tended to make rmalnoae men and bankers cautious. Ac cordingly, aslthaa often been observed In the - past Curing periods or business readjustment, business . is now being done upon a shorter term credit basis than Is normal. MH0RT TERM 50TE8 Quotation furnished by Clark, Ksdn k Co.. lhe. Security. Maturity. Am. Cot Oil Oe.... 9. 2.24 .IO, 1,12 . 2, 1.24 .12, 1,28 ,11. 1.20 .11. 1.21 .11. 1.22 .11, 1.2S 4, 1,23 7,15,80 6. 1.48 1, 1.21 1. 1.25 7.15.22 Am. T. A T. ea Am. T. A T. 6s ia Thread 6s . Am. Tob. 7 .. Asa. Tob. 7s . . Am. Tob. 7s .. Am. Tob. 7s . . Anglo Am. Oil 7 Hi Armour Com. 7a . , Belgian Gov. 7 a . Belgian Gov. 6a . . . Belgian Gov. 6s. . . . Bethlehem Steels 7s Bethlehem Steel 7s. 7.15,23 British Got. 6i. . .11. 1.21 British Gov. SHs. . .11. 1,2'i Canadian Gov. 5s. 6, 1,21 Canadian Gov. a. 8. 1,29 Cudaby Packing 7s.. 7.16.23 Inter. R. T. 7s 9. 1.21 Japanese Gov. 4s. 7.10,26 Kenneoott Cop. 7s. . 2, 1.80 Ligg-AMyen Tob. 6s. 12. 1,21 Molina Plow 7s. Molina Plow 7s. Molina Plow 7s. Molina Plow 7s. Nor. Par. Equip. Pacific Gas 7s. . Swift s U. S. Rubber 7s. 9.1.21 9,1.22 9.1,23 . . 9,1.24 I. 3.16,22 . 5. 1.25 , . 8,15.21 .12. 1.2$ Rid. Asked. 92 93 Vi 8 95 92 93 93 96 90 100 H 09 100 99 99 99 99 99 99 95 96 97 98 99 99 02 Vi 93 97 96 93 -97 08 98 94 93 9HH 97 92 94 91 .98 65 67 74 76 92 93 97 98 99 H 96 90 91 98 90 93 99 06 OH 03 97 68 PACIFIC COAST BANK STATEMENT Claartn Monday . . Tuesday . . Wedaeadsy Thursday . Friday . . Portland Banks This Week. $ 8.914.696.70 6.989.495.24 6,021.499.95 6,495.446.06 6.245,769.71 Year Ago. S 7.048.622.66 0.309.162.19 6.623.729.64 7.267,192 67 6.616,486.81 Spokane nki Clearings. Friday 3 2.267.147.00 Balances. Friday 770,861.00 Taaoma aaims Clearings Friday 3 Rslancea Friday 42.925.00 Seattle Banks Clearings Fridsy $ J.470.5J0.00 Balances Fridsy . 1.046,462.77 Sen Franelieo Sank! Clearings Friday $27,600,000.00 Los Angeles Banks Clearings Fridsy $12,788,441.00 Investors SpeediUp cSj! To Beat Increase onf! : The Price of Bonds Further Indications of the alertness of ' '". tbe Investing - public to purchase high grade bonds and securities before the prions begin to rise are given by the ')( rapidity with which the 7 per cent bonds : . of the Bell Telephone company of Fehh - aylvanta were sold Thursday. The issue ' was for $23,000,000 and the books were , closed within three hours after, they were opened at the office of 3. P. Jdorv ' gan 4 Co., rhanagers of the syndicate ua- : derwritlng the issue. ' ;u ; J- The bonds were sold to discharge cu rent indebtedness and for . construction . purposes during the remainder of the , year and 1921. The bond$ are redeem able at the option of the company in . whole or In part on any Interest date at' 7V4 per cent The bonds were wold at' ' 95 and, on the 23 year ultimate matur ' , lty, net the purchaser 7.46 per cent p XTottt To on r ff'TifnA -1? uonas is uiierea : The Ralph Schneeloch company la of ferlng a new issue of the state of Ore gon 4 per cent highway bonds,. The bonds are dated October 1, 1930, ma- . turlng aerially October 1. 1930. to April 1, 1945. Dependent upon their meturi- . ties, the bonds are priced to yield from 5.15 to 6 per cent - t City of common to good. $4,50 9 $7.00 9 15.00; bulla. $4,00 9 FOREIGN EXCHANGE KATES Corrected daily by foreign exchange depart ment oi toe cm tea states national pane Opening nominal rates on bank trsnsartlnsa. Draft Checks. London Pounds starling $ 8.47 Paris Franca 6.66 Hamburg Brass Marks Genoa Lire . Copenhagen Kroner . . . Christian! Kroner Stockholm Kroner Hongkong Currency . , Japan Ten . Shanghai Teals .... T 64 4.16 14.15 14.83 19.83 75.25 51.30 Cable Traagisrs. 38.47 6.67 1 04 4.13H 14.20 14.43 1930 75.75 61.73 Par Tahto. 8 4.803 19.39 28.81 19.30 26.79 26,79 13.7 49.84 1.04 H 1.06 1 Foreign Exekaags Xarket New York. Oct 1, (V. P.) Prices ea the SS.4TM: fsmaaas. Mil. 0162: Casvadsaa aSOaia. .SOS-. Uea: ; The market adtvMdstree. Prices iallswi Deeaand storhag. 83.43 H. 2; francs. an, wvasassso. .vns; ran i as, jmtxm kusrks. vSie-aj Canadian sVailais. ,O0, j . . . Caaadlaa Govt Tax Exempt Casadlaa Govt. Tax Exempt $239,3p0 General Obligation 6 Gold Notes City of Edmonton PROVINCE OF ALBERTA 9 Yield la addition to belag General Obligation Notes, these are aaenred try - lonc-tfaie debentares totaling 83,594,420.00. The City of Edmonton Has 60.000 to 70.000 Population ; Municipally owned and operated Lighting, Power, Street Railways, Telephone System and Water works; Great Livestock and Packing Industries; 28 Banks and Branches ; 150 Factories : 30 Coal Mines ; 100 Wholesale Houses ; 26 Hotels; the richest farming lands tn Canada surrounding It; the trade of a vast agricultural and wheast-gr owing empire pour ing to and through its limits. Six per cent bonds at 99 to yield 6.05 to 6.82; Income Tax Exempt Short term and long: term . 1 to 20 years General Tax Obligation i t Ask for circular. vTIrs orders eolleet. CJLLta tvlAaassUl fVBoa. Hofcnmarw sank rlO J FINANCIAL STATEMENT Assessed valuation $88,8os,7i5.oo Value municipal property (not including public utilities) 11,085,378.00 Net debenture debt 9.448,997.00 Revenue from public utilitiea (above cost of operation) 767.773.00 Net local Improvement debt 3,046,763.00 Dated September 1, lit! Maturities aa Follows: $60,100 due Sept. 1, 1922 ; price 94.82 $80,400 due Sept. 1, 1923 ; price 92.46 9t,700 due Sept 1, 1924 ; price 90.28 Denomination! $160, $531, flN Principal and semi-annual Interest (March 1 and September 1) payable In Oold Coin of the United States in New York and at the ofrice of Morris Brothers, Inc. TELEPHONE OB TELEGRAPH ORDERS AT OUR EXFEK8E MORRIS BROTHERS, Inc. Portland. Or. "The Premier Municipal Bond Heiie." Seattle. Wash. Morris Bldr- Established Over a O Barter Castarv. mi a " gee-it stars bi capital uver minion Broadway tUU Caaltal Over Million Dollars. XerehsMe National Bask Bldg., 8sa Fraicliro, CaL Central Bldg. Mala 7837. ERlott m. STATE of Oregon , 4Vi Highway Bonds Maturities and Price i 192S-29 to yield. S.50 1930-34 to yield........ .5.25 193S-4J to yield 5.15 Telepltone of Telegraph Orders Collect Ralph JacHNEELOCH'CoJ - H?f '1 naiaaaiiaesaiiiaaiiiie f PoarrtjsicD.Osrzoasf SUBJECT TO PRIOR SALE PRICE 95 TO YIELD Bell Telephone Co. OF PENNSYLVANIA The total assets of the company amount to more than $100,000,000. Its only debt con sists of this issue of $25,000,000 - c - 25-Year-First and Refunding 7 Bonds DATED OCTOBEB I. 1920 DTJE OCTOBEB 1, 1345 DE3TOMIHAT10HS-10H 830 fm Of capital attxk 99.9 OWIEB BT AJIEBICAir TELEPHOITli A TELEGRAPH CO. I IairixbeTTnena BuOdirig Changing Old Buildings Into New Ones WHY not iruke i new. building out 'of your old one? It cin be done. By certain remodeling snd Im provements, your old' building may become $ desirable as a new.,' one, your Income v thereby Increased.; We can undoubtedly bg V Of assistance to you In planning these changes and then directing the process of transforma tion. , We manage egssi de- -velop property. Strong $ KscKaofMcr: tocks. Beads.' Carttaa. s3raha. arta. 113 . til Beard ef trade BaiUlag Oyerbeck&CookeCoe DIRECT PIUVATE WIRES TO ALL EXHANGES ; Itetakerg Cklswge Beard ef Trade' CerregeesCgBts at lf$a Bryas) . Ciueaaw . : Bev imtt i : -'. mni trJfgksa