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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Oct. 13, 1920)
tin DAIRY AND LIVESTOCK INTERESTS BENEFIT WITH LOW FEED PORTLAND BUTTER IS NOW HIGHEST r; - 2 ' COLO STORAGE STOCKS Portland Oct. 11 Last Week Better (Ins.) 478J7 484.998 .'-Cheese (lbs.) .. 11M87 HW41 Ein IliMi) SS.78S $ Pealtry (Igt.) 18t,2t i,7,7x V Local butter trade Is noldlng prac- 3 . . - . . . ... , . tlcauy uncnangea nere wiui values i tlonary and the market ion a fairly steady basis. ' Notwithstanding tb failure of luet Sound ,.. ... , n ihm Trif lit htitl.r 2 pound t the mm time that local interests did so, creameries ner stst inai iiwj nm im for that raaaoo It waa maintained. . i nan .maamn in i uiauwiLun uu a... ' part of craamerr interest here to fator the ' dairy tntret under Mi lightet pretext and - .a. - 1 . . V. ..... V, . .; Tba aiieation now rie an to whether Port- ' land can maintain a market 2c higher tnan Puget Bound, especially in tha section where thr. f. enmtMtltifin. - "' Thoaa desiring special information regarding ' an market, ahoutd writ the Market Kditor ' Uragoa Journal, enclosing stamp (or reply, v , ,. EGO TRADK IH MARKIG TIME ' Trad in the egg market ia marking time with '' no ehanga either in buying or telling values (or ' tha day. Receipts are moderate but ' there ia no ' special demand aalds from the usual showing (ram tha rant. APPLE PRICKS HK1NU 8HADED Trade in the apple market is snowing shaded prices generally, and especially so (or the ordi nary quality offerings. Trade here is somewhat overstocked with consignment stock. I'ricei sra holding strong lor country uua fogs at 28a a pound (or extreme tops here. . TkaM la stMlv trn. f.nerallv for calvaa with . pound. a v Va a? a, a sa a-a-a T va 4 T iB.rVfVP Farther loss of about 2c a pound Is shown V her in the buying price of hidos with calf skins no higher than 18c a pound, while kipa are quoted at 10c and green hides are, Sc a ''; pound. nntirr KCi-rvn np pRnniTF TRiDK Cheese market is more active. ' " Cabbage is weak at I m 1 c a pound. Good tomstoea sesree at 75c to (1.25, ac- cording to quality. laiis egsviitui pieninui at ie pouno. Chicken trade continues slow at unchanged prices. ' WBATHER NOTICK FOR SHIPPERS ' Weather bureau advises: Protect shipments during tha next 31 hours against the following minimum temperature: Going north, 4 2 de grees j nortueatt over 8 , P. 8. K. K., 34 decrees: east to Raker. 80 decrees, and south to Ashland, 82 degree. Minimum tnmperatusa at Portland Thursday about 44 degrees. 'WHOLESALE PRICE'S IJf PORTLAND , ' Tnese are price retailers pay wholesalers, ez eeut as otherwise noted: . Dairy Products BUTTER Helling price, box lota: Cream- X, firsu, euc lb.: tints. 52c lb.; itmaUer lots at an '.advance. Jobbing pricca: Cubes, exjtra, 5Wc, ,-, dairy butter buying price, 40c per lb. EtTTEHiTAT Portland delivery basis, lfc. A grade; 58c, 11 grade; country stations, 53 W 07a ner lh ULKiiMA ItGARINE Best brand, 40c: ordi nary. HSVsC; bakers, 33c; nutmsrgarine, 1 lb. cartons, S2c per lb. w Oregon, (ancy tr inlets. 35c per lb.: Tounc Americas, ooc. I ricrs ui jituoers, i. u. u. Tillamook, crram bnrk, 40 g 42c. Selling one". nines nw ins. nMVtfc: uniuunnr. t w 42e per lb. juivitis jt ii ii i if once: i ii rmi l rvwiiTui. duo: . candled, selling price. S5o; select, 67 W Tie par wi doaen. Mia liliL.il(l ocuini price: xirary nana, -owzio per id.; Ufnt nana, no per .. Jb.; springs, 25 (9 27c; old roosters, 12$14e lb turkeys, live, ( ); ducks, 253 3oa per lb. Freeh VeoetaMee and Fruit dos; Dananas, uttw id.; lemons, ao.uu rw.uv vobt lai'ciiuii, fu.uuafv.vv, .iiba- . loupe. 2 502.75; Malaga gratws, 12 Vic per Jb. ; Tokays, S2.75: Malaga. S2.5U lug: peaches. wHi.ZO per box; uesra. ll'.UVtt 2.7s. , ., , SITI.BS iew, 1.20 a. 25. UUIEU FRUITS lJates liromedaries IT 50: ; Tarda, 14. 60 per box; figs. t3.b0 (g. 4 00. ONION 8 Helling price to retailers: Local. f2 25; aMoclatiun. selling price, car, $t.50; isrlic. 25c per lb.; green onions. 45c per " POTATOES Selling price: Oregon fancy. t..uu;..'n; weet. o Vk C per ID. BEUKIK3 Huckleberries, 17H18c lb; cranberries, local, X 5.00. BUNCH VKUETAUUCS Turnips, 60c per i ( dessa bandies; carrots, 60c; beets, 60c dozen bunches; lettuce. $1.60 crste: cucumbers. 11. 6(1 . sack; tomatoes. 50c$1.25; egg plant. 10c; , broccoli, II 50 A 2.00; bell peppers, 5f7c lb.. celery, 50c $1.00 doa.; string beans, 4&6c - lb. ; green corn, 30 g 35c per duzen. Meets and Frovlilon COVN'TRY MEATS Selling price: Country j,V hogs, 22 Vs 28c per lb. (or top blockers; heavy, i., Il6c; veal, 22ft22ViC; heavy veal, 100 1f, 12e per lb. ., BMOHrJI) MEATS Ham. 42 46c per lb.; r breakfast bacon, a Sir 5 tic; picnics, 27c per lb. ; etiiage roll, sao per lb. , ; LARD Kettle rendered, 29 Ho lb.; tierce .1 teids. compound. 20Vsr. Pish and he Iflth PRE8H PISH Salmon, fresh Chinook, 14 0 Ac lh hshhuH frMh 04m rtmr IK . ..... Mn I hl,.h .1 in lia 11. Ik . L: i amunon, $2.60 per 10 lb. basket; kippered cod. $2.85; rasor clauu, 1; crabs, $3.00 0 4.00 doaen; ling cod, 0 0 8c lb. x OYSTERS Eastern. per gallon, .00; Qraceriaa STijGAB Nominal nricM rafiMrv K..1. uw, eav.nu, iruii inu oerry, su.uu; v yel ..low, $12.40; granulated, $18.00: exua C $11 80; golden C. $12 50. ' HONEY New, $7.00 8.00 case. RICE Jaiian style. No. 1. 11c; New Orleana ... head. ( ); Blue Itose. llHllc lb. SALT Coarse, half ground, 100c. $17.25 wi wu, uvb, iio.iv, lame uairy ous. ntl.mo: V lulu RAU1 HO. t . . . . .v , . ' " iv-vv ei.vv, laory laoia ana aairy, .ii' $34 50; lump rock, $28.50 per ton. BEANS Sales by jobbers. Small white. ft. IIIb IK f U.n ahiia U a. . . 1 k. r, t, ... Umaa, 10c; bayou, 11c; reda, 8 Vic; Oregon beans, buying prices, nominal. .CANNED MILK Carnation, $6.00; Borden. $6.00; Astot, $5.90; Eagle, $12.85; Libby. li.w; woTini vernoa, ao.ito par caae. , . aw, avvivo is aacxa oi ! . arums. " SODA CRACKERS In bulk in. n.. ik i IJaUltrW,in,uu- 86t?" Per lb.; almonds, . S7Vk28c; filbaru. 82c in sack lots; pee auta, 14 Vk 915c; pecans, 25c; Braaila. 85c r nope, rauiu. Oils jjir,-. ROPK 8irt. dark. 18 Vic; white. 20o lb.; if standard manila, 26 He. It UNSEED OIL Raw, bbla.,'$1.34 gsl. ; kst- T 11. Klll khl. i a. L " a'. . Mm-,) .. w. . , w . . . V. , I, . CS9GB. a 14 If ' tvsUad. egtgfc. .1.81 aalloa. ' - COAL OILi Pearl 0r water white, in drums ar iron barrels. 1 7 V4, c us linn a.a n. s. GASOLINE Iron barrels. 29 9 80 He caaea. '- 41 Vkc ' WHITE LEAD Ton lota. 15c; BOO lbs. .- He per lb. 1 1t TURPENTINE Tanks, $ 1.81 ; cases 3196 10 case lota, lo leaa. " . Hope, Wool and Hides HOPS Nominal, 1820 crop, 48c lb it u.iLU)iESTTB,"t eslfakias. 18c; kips. 10c; green .btdea. So In. MOHAIR 1, 5a, .hnra ... Ik ' Ko. T 3 fce. BKASE No. 1 UUow, 7c; CASCARA BARK New peel. 9c lb.; old DeL JOe per lb. Steckt, Boats, tJottoa, Orala, Eta. - III Boar tf Trade Baiuii, iOverbeck&CookeCo. 4 DIRECT PRIVATE WIRES K 1U ALL IAl-lAlNliES .' . ; , .... Weaker Caleage Board ef Trats CUsmM Vsw Ts-rk HOTEL HOYT Strictly Fireproof. Near Both Depots sad convenient ear service to all parts of the city. . lnra Roema Without Bath, si an) n ' lnal Roem Willi Bath. a mmf urn -sT MARICET EASK.ET BRAIL PJUCLf. 'Br Hri H. Cohen Coruumen are advised that If they want Concord grapes this season they must hurry their purchases. Concords are now arriving In abund ance and the quality is excellent. It Is not believed that the season will be long extended and for that reason it is ad visable to purchase when supplies are at i ihelr maximum and prices are most I xavorame to nuvem favorable to buyers. At this time the era pes are sweet, of good size and are selliOgf retail around 10c a pound for bulk packages. For small baskets the price is somewhat higher than this because of the extra cost of the packages. The season for huckleberries Is likely to end soon. Sales are being made by retailers from 25 to 30c a pound. The rains have hurt the quality somewhat but offerings are still favorable. The following pricea rule generally In retail hopi for good quality. Seme values are frac tionally higher and Inferior stuff fractionally lower : Butter Beat creamery, 67 (f B9c. Egg Presh laid. 75 080c dosen; ordinary, fresh 65 ft 70c dosen. Poultry Chickens, dressed, 35 9 4 5c per lb. Pish Salmon, 10.20c lb.; halibut. 30 0 35o per lb. Flour Best local patent, $3 00 3.25 per sack. 49 I hs. Potatoes Burbanks. 3 He Onions Oregon. 3 Vi 0 4c lb. Chicago Wheat Is Higher at Close Of Day's Trading Chicago, Oct. 13. (I. N S.) Senti ment was more mixed and grain futures movpd uncertainly but worked slowly higher on the Board of Trade today. Prices opened lower but excellent buying appeared on the break. Wheat led the advance after houses with expert connections took much of the grain out of the pit. Corn and oats weakened early on hedging sales by cash houses, but rallied with wheat. Provisions averaged lower but firmed up as demand for cash and October lard Improved. rinai prices snowed net gains of 2c for December wheat and 2 Vic for March. Corn gained 4c for December and 4c for May, while October lout 24;c. De cember oats lost He and May Vav3c Tork advanced 4060c, lard was 6c lower to 17V4C higher and ribs un changed to 50c higher. Chicago. Oct. 18. i L N. 8.) Trade In wheat waa moderate at the start today and De cember waa lc to IVic lower and March de clined l4c to 2c. There was buying of De cember on the decline on resting orders and buying of March by a leading eastern shipping bouse. Scattered commission house sold corn at the start, while buying on fhe decline was red by a prominent local elevator interest. Decem ber was V4 c higher to He lower. May waa un chaneed to He lower. Oats opened H e' to He off for December and He to He lower (or May, with best selling by a cash house. Provisions were generally higher, pork par ticularly reflecting an early advance in hog prices. Chicago range by United Press: , WHEAT Open. llich. Low. Cloe. 205 209 H 200 H 205 8 H 87 89 H 81 55 66 V. 80 Vi 60 2300 2300 1955 1977 1912 1930 1650 1700 1510 160 163 H 153 H 157 92 94 Dec. Mch. Dec. Msy Dec. May Oct Nov. Oct. Nov. Oct. Nov. Ieo May . 206 212 , 202 207 CORN 86 H 87 H 90 H 91 H OATS . 56 " BH . 80 H 61 H FORK , Nominal Nominal LARD .1962 lf77 .1912 1035 RIBS .1700 1705 Nominal RYE .160H 13H .153 157 H i BARLET .90 U4 Dec. DAIRY PRODUCTS OF THE COAST tan Francisco Market San Francisco. OcL 13. (U. P.) Butter Extras. 62c: prime firsts. 61 He. Eggs Extras. H6c; dirties No. 1, 70c; extra pullets. 67c; undersized pullets. 60c. Cheese California flats, fsnpy, 31 He; firsts, 26 H c. 8UIe Markat Seattle. Oct 13. (V. P.) Butter Local creamery cubes, 59c; bricks, 60c. Eggs Freeh ranch, 80c; pullets, 64c. Cheese Triplets, 30 0 32c, Milk $2.50. Lot Angeles Market Los Angeles, Oct. 13. (1. N. S.) Butter. 67c. Eggs Extras. 78c; caae count, 72c; pullets, 62c; peewees. 49c. . Poultry U nchs nged. POTATOES ALONG THE COAST Seattle Market Seattle. Wash.. Oct 13. (U. P.) Potatoes, East Washington, 2 He. Local. 1C 8an Francisco Markat San Francisco. Oct. 13. (U.'P.) Potatoes Kiver White. $2.40 0 2.60; Salinas, $3,60 0 4.29; sweets. 3 0 3 V4 c. Onions Yellow and white, 90c $1.00: Aus tralian brown, $1.00 01.25. Los Angela Market Lo Angeles. Oct 13. 1 1. N. S ) Potatoea Stockton Burbanks. beat. $2.2502 75' poorer, $2.00. Rains Stop Farming Sandy. Or., Oct 13. Drenching rains con tinue, and farmers can do little, though some started potato digging last week when the rain held off Tor a day or two. Others aay the ground ia too muddy. Threshing it still held up in places, and now the Cedar creek bridge i condemned so th Kreb thresher cannot cross to finish some belated Jobs, even though It should atop raining Ions enough to move from the old McGugan place. Less Wool Is Used Washington, Oct 18. (I. N. S.)--A total of 88.000.000 pounds of wool, grease equival ent waa used in the manufacturing plants in the country during August This ia an in crease of about 1.000.000 pounds over the pre ceding month, but to 18.000.00p pounds leaa aiuwiui, ami w August, IV IV, accord ing to report released today by the bureau oi markets. United States department of ag riculture. ITew York Batter and Eggs New York. Oct 18 IT V R i 117 i Market unsettled, weak. Domestic fleece XX Ohio. 35( 60c; domestic pulled, scoured baida, 44 611.15; domestic Texaa, scoured basis, 60 6 Hide Market weaker. Native steer. 20 0 26c; branded steers, 20 6 28c. Naval Stores Market Nw York. Oct. 13. (I. N. 8.) Turpentine. Savannah, $1.19; New York. $1.30 v","n'' Rosin, Savannah. $10.80; New York, 112.90. WALNl'T PRICES BEING SHADElJ croon rei oousea are snading prices on No 1 new walnut to 24 He a pound with budded stock at 28c a pound: Considerable of last year s crop remains and the best of this it selling at 24c a pound. New Tork Wool aad Hides New York, Oct 13 (L N. S.) Butter Market ateady. Creamery extra. 61 fir 83c: creamery first. 49 6 61c; creamery higher scoring. 61 H 0 65c; state dairy tub. 44 0 60c; renovated extra, 57c Cheese Market steak. Whole milk specials. 28 H 0 29c: whol milk fancy. 27 H 0 28c; W,5onaS whoie mUki 'ncy Young America. 28 H 6 29c; state, skims, specials, 18 0 20c; l"i4CHce' 16 0 17 He; skims, fair to good. , , fMTk,tw tflT- Nearby white, fancy. $1.00; nearby brown fancy. 67 0 82c extra! 68 0 70c; first. 620e5cT "'WB'4C' Dried Frnlt aad Beans J0. t 18. L N. 8.) R Weak. Marrow choice. $10.00 10.60 rhA. as ik a a no " pea Dried fruita Market fairly steady. Apricots xU en00 to taacy. 80 038c; applet, cvar n)? Prime to fancy, 8 0 lSe; prone. 30 to 60a, 14 H 0 23c: prunes, 60s to 100 8H 6 12 He; peaches, xtra choice to fancy 180 21 He; aeadad raisins, choic to fancy, 23 H0 25c. FEEDSTUFFS RULE AT LOWER PRICES HOW WHEAT RULED Bid Rle Hard white f 3.1S Soft white S.lt te White elab t.a . . Hard wlater ,.. 2.M le Xertaera tpiiag tJtl tt Bed Walla f.$ Se NORTHWEST GRAIN RECEIPTS Reported by Portland Merrhsnts Exchange: - Cars - Wheat. Barley. Plour. Oata. Hay. Portland, Wed.. 9 lear ago. 49 heascn to. data. .. 5358 Tear ago.. .... .8176 Tacoma. Tucs. .. 52 Tear ago. 43 Season to date. ..1190 Tear ago 2096 Seattle. Mon-Tuee. 101 Year ago 31 (season to date. . . 1 552 Year ago. 1968 3 21 81 186 107 1004 1 2 8 203 444 238 896 1 88 91 7 2 97 224 is 301 320 18 685 001 26 52 s " 99 121 .262 "i 3 110 283 Wheat prices started weaker and low er in the eastern trade but little busi ness developed in the Pacific North west. Feedstuffs and millstuffs con tinue their downward course. Dairy and livestock Interests are again reaping big benefits as a result of further sharp loases in Uie price of food. Prices on millrun are again shaded $1 to $2 a ton and the trade ia weaker all around. Rales of mill run are shown by millers down to $68 a ton at the mills, and while stocks are by no means liberal, accumula tions are beginning to show. Hay market ia s very alow affair despite strong efforts of the various alfalfa , organiza tions oi thes interior to bold up values. Buying of late haa been sparing arid of hand to mouth character. There ia no disposition whatever among the bit operators to load up. Export sales of flour are reported on the In crease and liberal sales of wheat are reported both along the Pacific and Atlantic coasts. PIXJUR Selling price, mill door. Patent, $11.80, Montana spring wheat, $12.10; Willam ette valley -brand, $9.60; local straight. $9.60; bakers' local, $11.20011.45; graham, $10.80; whole wheat, $10.40. Price for city deliveries 15c extra; suburban, 20c extra. HAY Buying price, nominal: Willamette timorhy. fancy, $27.00 "S.O0 per ton: clover, $22 60; cheat. $24.00; afraw. $11.00 011.50; grain. $23.00 0 24.00; alfalfa. $23.60 0 24.00 per ton. CHAIN SACKS Nominal. No. 1. Calcutta, 100 10 He: domestic, lie in car lota, leas amounts higher. MILISTII-FS Mil run at mill, sacked. $53 00054 00. OATS Per ton. buying price: Peed, $42.00 0 43.00. BAKLKT Buying price: Feed. $44.00; milling. $45.00 0 46.00. SEED Buying price. Nominal; no demand. Red rlnver recleaina, t 1 tiaF h - slsike I ( ) ; vetch. ( ). FEEDSTUFFS F. O. B. mills: Rolled bar ley. $5l 001 alfalfa sneal. $36.00: cocoanut meal, $50.00; soy bean meal, $68.00; linseed meal, $81 00: cracked com. $64.00: wbola corn, $61.00 ton; scratch feed, $75.00 ton. Merchants' Exchange bids: WHEAT Oct. Nov. 215 215 210 212 212 213 I 206 206 ; 207 207 203 203 4300 4300 4100 4100 4400 4400 4300 4300 4450 4350 4500 4400 Hard white Soft white White club . . . Hard winter . . . Northern spring lied Walla . . . . FEED OATS No. 2 white No. 2 gray Brewing . . BARLEY Feed CORN No. 3 eastern (bulk) No. 3 local (bulk) Less Wheat Held In This Country Than a Year Ago Washington, Oct 13. (I. N. S.) Stocks of wheat in the United States on October 1 to taled 608,000.000 bushels, according to esti matea of the United States department of argi culture, made iMiblic here today. This amount represents 4 77,000,000 bushels held by farm ers. 102.000,000 bushels held at country mills and elevators and 29,000.000 bushels held at points of accumulation on that date. On October 1, 1919, stocks of whest In the United States totaled 747,000,000 bushels, rep resenting 515.000,000 bushels held on the farms. 142,000,000 held at country mills and elevators and 90,000,000 bushels held at points of accumulation. During the first quarter of th present sea son July 1 to October 1 tha farmers mar keted 321,000,000 bushels, aa compared with 4 50.000,000 bushels marketed in the corre sponding period of 1919, a reduction of nearly 29 per cent The crop this year, plus the carry-over from 1919, is estimated at 798, 000,000 bushels, or about 17 pit, cent less than last year. These figures indicate that farm marketing during the first Quarter has been rela tive, aa well as absolutely, smaller than in any similar period last "year. SOUTH SELLING COTTON AND DECLIX ERESULTS New York. Oct U. (I. N. S.) Weakness was again the feature in the cotton market at the opening today, first prices showing a decline of 10 6 47 points. The selling, which was quite general and led by the South and Wall street, reflected continued fine weather in the belt over the holiday, weak cables from Liverpool, toe to hedge selling, and further unsatisfactory advices from drygoods and mill centers. A steady absorption of contracts by the trade after the start, checked the decline and at the end of the first 20 minutes the undertone waa steady, price showing a net decline of only about 15 points. Short covering on a more active scale carried pricea up about 40 points from the low in the iate afternoon, but the rally was poorly held and final pricea sbowed net losses of from 19 to 42 points. Spot cotton waa quiet at 23c. No sales. Fumfehed by Overbeck A (boke Co., Board cf Trade building Month Open. High. Low. Cloe. Jan 1985 1993 1943 1968 Feb I860 March 1950 1960 1919 1945 Apri 1940 May 1935 1940 1903. 1930 Jnne 1920 July 1903 1913 1880 1911 Aug. 1900 1880 1891 Sept. 1850 Oct. 2150 2175 2100 2145 Nov 2060 Dec 2040 2048 2005 2083 Liverpool Cottoa Easier Liverpool. Oct 13. (I. N. S.) Spot opened in small demand. Pricea easier. Sales 80O0 bale-. American mid, fair. 2177; good -mids., 1902; fully mids., 1777; mids, 1627; low. 1247; good ordinary, 927; ordinary, 827. Futures irregular. Chicago Datrv wodaee Chicago, Oct: 18. (I. N. 8.) Butter Re ceipt 54 38 tubs. Creamery extras, 54c: first, 45 0 63c; packing stock. 37 0 88c. Kgg Receipts 6408 case. MiscellaneoQS, 490 66c: ordinary, 51 6 54c; ordinary firsts. 57 H 6 68 H c Cheese Twins, new, 30 6 39c; daisies. 38 6 4 8c: Young America. 26 0 26 He; Long horns. 28 He; brick. 27c. Lire poultry Turkey. 40c; chicken. 18 0 24c; springs. 28 He: roosters. 19c; geese. 23c; ducks. 25c. Medford Frnlt Shipmeats Medford. Or., Oct 12. With tonight btp ment the total number of fruit can forwarded East from Medford so far to th auction mar kets numbered 705. Only 28 cars of apple have been shipped to far. bat apple picking In the valley ha only just begun and will last all thai month and the first of November. The crop ia from 40 to 60 per cent leas than normal. Chicago Potato Market Chicago Oct 13. (L N. 8.) Potatoes Receipts 120 car. Minnesota white. $1,660 1.85. San Francisco Grata Market San Francisco. Oct 18. TJ. P.) Barley t!To6,02'ldP" C"U1 1'95fi )0J shipping. New Tork Potato Market New Tork. Oct 13. (L N. g.) Potato (in bulk.; barrel or bag) market steady. Near by white. $2.50 04.25. Tfew Tork Sagar aad Coffee New Tork. Oct. 18. (U. P.) Sugar Raw, quiet $8.0$; refined, unlet; granulated. $11.00 014.00. Cof'ee No. T Bio. 7 He; No. 4 Santos, 11 H' 0 1 He. . . LOWER PRICE IN ; THE EARLY TRADE New York, Oct 13. (L N. S.) The stock market closed steady today. An advance In the call money rate caused slight recessions from the best. Read ing continued active and after moving up to lOOVa yielded to 99 and fractional declines from the top occurred in the other rails. Steel common rose 1 point from the low to 87 4 nd Baldwin to 113. Anaconda advanced nearly 1 point from the bottom to 60. The oil issues were heavy. Mexican Petroleum closed nearly 3 points below the high at 186 and Pan-American Petroleum over 1 point to 884. Dealings in the motors were on a small scale. Government bonds, unchanged ; rail way and other bonds, steady. Total sales were 492,000 shares ; bonds, $19,471,000. New York, OcL 13. (U. P.) S.tocks were lower at the opening of the New York stock exchange today. Studebaker, 55, off 4 ; Mexican Petroleum, 188. up 1 ; United States Steel, 86, off 1 ; Southern Railways, 30, off 1; A. T. & T., 94, off ; Reading, 98, up ; Industrial Alcohol. 82, off ; Canadian Pacific, 126, off ; Crucible, 129, off ; U. S. Rubber, 77Vi. off ; Baldwin, 112, unchanged. Furnlbhed by Overtxxk at Cook Co., Board oi Trade building: Ssles. STOCK. High. Low. Bid. 400Ajax Rubber . . . . . lAlaaka Cold 1400 Am. Can Co. ISOO Am. Car. at I 41 40H 40H I I I 1 I 32. 311 32 Vi Fdry. 135H 184 H 184 H aoOiAm. Hide it Lea 10Wi 10 I lo 00Am. Intl. Corp . 6100Am. Locomotive 300Am. Smelter leoOiAm. Steel Yly. . 1400Am. Sugar .... 200Am. Sumatra . . Am. XeL Tel 2800Am. 'lubacco .. Am. Wool 400Am. Zinc 6400AnaconUa 3400lAtcbJaoa 27000Bnldwui Loco. . 7000jttello. & Ohio. . 700BeUi Steel "M"; I Booth r lsli .... 240(11, It. X ToOiButt A. Sup. . . 820O)Cauadiau 1'ac. lOiliCUI. iaU v lJoo:Cuii copper .... 1500Cbino 4000,C. 11. St. P.. 200C. at O bOU.Colo. southern.. . . lttoO Cuu. Oaa . . 73 72 I 72 H . .J 97 Hi 95 UU H . . 69 Hi 58 j 68 . . 38.HI 37 HI 87 H . .104 W ,103H (103 -5 . . 89 H 89 89 H . . Utf 98 H I VSit . .lo4 ili- 1J . .; 72HI 71 I 72 . .1 11 HI 11 HI 11 H . . 61 H 49 Hi bOH . . 88 80 H I 87 H . .113 H 1H ls113 . . j 47 Hi 40 H i 46 H . .1 70- 681 70 . . I I H . . 14 H I 13 14 -I I I I? . .12tt H125 H126 H . .1 i- Va ! l.al 1 - .. I -I -I I i3Hi 1311 20 Hi 25 25 42 H 41 Hi 42 lil Wi bbH 07 H I I 32 86 H 86 CO 3841 38 3aH -I tiuo,C. K. i. & P aiAoo.Crucible 2 J 00, trie lOOjPauiou i'Ujers . . a!0Ola&sun Willisms 5vUjlt:u. Cigar- . . . . 1300,uen. Lieciric . . . laiOUiUeu. Motoi 30Ut;rtiby lilt. .Nor. Ore. . . . 3UOO,U Northern. ptU. 100Oreene Cauane . . lOOuit States Steel. 00,ilajik. Barker . . . 00Houston Oil . . . . 000)111. Central . . . . 2t00lnpiratnn UUUlnumate Callahan 10U,lnt. llarreourr . . 3UU0lm. ilcr. iUnne. 3D00inrincibl6 Oil & 1 00 1 island Oil 200,0.. C. Southern... UOULck. Steel 100, Lehigh Valley .. . . 2O0L. at N. , 2SOO,Mnweil Motors .. lOOOOjMexican Pet. 400;Miami 400,Muuni U00,M., ill ItiUUilo. Pc OOO.il. & St. La yoOiNevsda Con 400Norlolk 4k W 3'J00,.Sor. 1'ac ISOOOuV Y. Central. . . lOOOjOkla. Prod. Kef. . 70UiOourio at V . . . . 400l'ac. Gas at Klec . 7400l'au Amu. Pet. . . 3400,1'enm I People 'a Uas 800 Pure Oil 2 00, Pierce Oil I . 13l 12KH;laovx 18 H I IS 1 18 H I i I oH ; i i 6 w I I I 62 1, ,13'J lias H, 13a I I I I 18 171 17H 33 34 Hi 88 H i 32 34 87 H 32 34 88 27 49 68 I- 69 10U I '. . . 1 I . I ..... I 1104 H105H I I 94 I 44H I l 43 j 43 H 9H H .... (Ill 19 18 18H 30 Hi 30 I 30 H GHl 0 0 25 23 Hi 24 H 6j H I 62 bi H 54 H 53 54 H I. . . . .,107 3 H I 3 H I 3 H 18tf Hil86H186H 1UH 19 I 19H I 19H 19 iv , 4H 28 H 18 H 11 H I I I 28H, I 19 Hi 27H, 19 I 11 H 1 1102 1101 llOl 90 , aa v i 89 h i 81H 80 I I i 24H 3 H 24 H 53 88 43 H 39 H 38 4 13H ii H I I . 89 H 88 I 44 43H, .1 39H 38H - I 39 H 38 H -I SOtiOO.Keading 10UKeplucie Steel 6400Republic 1. At S." 1000Bep. Motors S80UKoyal Dutch Oil. . 300Shattuck, Ariz... 1100 Shell T. k. T tiOOOtSinclair 6800I&OU. Pacific .... 9ttOOSou. Ry 1B0O St L. & S. P. . . .... Studebaacr .... Swift A Co 700Tenn. Cop. it C. 12U00Texa Oil I 500 1 Texas 1'ac. 1700Tob. Product ... 3U00iL"nion Pac 100H I '7 HI I 82 H 98 99 -) ....j 79 75 76 H 31 32 H 76H 76H 71 tm I 49 h 8 I 8 48 1 48 81 j 31 H 99 Hi 99 H 30 H 31 31HI 31H I 31H loo H I I 31H 32 56 H 54 HI 55 H 1 105H 9H 9H 9H 5o 49 HI 49 H 21H 18HJ 21H 66 HI 65 HI 66 H .1127 HI125H 1126 H 1200 I . S. Ind. AlcohoL U. 8. Rubber 300U. 8. Smelting 22500U. 8. Steel jUtah Copper 500Vivandou 2900Wabaali iWelis Fargo Western Pac . . . . 100Wetrn Union . . . 600 Westingh'&e E. t M. Willys-Overland 4H 82 H 84 79 H 77 H 78 H 1 64 87 H 86 H 87 H 59 57 H 67 H 11H 10 11 12 HI 11 11! 1 67 36 H 36 36 1 4 47 46 H 46 H , 11 10HI 10H Total sales, Total sales, stock. 547.600 share, bonds. $19,471,00(7. Sew Tork Bond Market Furnished by Overbeck 4 Cooke Co. Atchison Genl. 4s 77 H 774 Bslt & Ohio .old 4a 73 H 73 H Beth. Steel Ref. 6s 78 79 Cent Psc. lt 4i 74 H 7.1 C, B. A q. Col. 4s 95 H 96 H St. Paul Genl. 4H 78 H 79 H Chicago N. W. Genl. 4 74 75 H L. A. N. Uni. 4 82 83 New York Ry. 5s 27 29 Northern Pc. P. L. 4 77 H 78 Reading Genl. is 80 H 81 H Union Pac. 1st 4a 81 81 H V. S. Steel 5s . 94 H 94 H Union Pac. lit Ref. 5a . 77 77 H Southern Ry. Conv. 6a 101 H 102 H Do 4a 78H 78H Penna. Conv. 4 Hi 89 H 90 H Penna. 1st 4Hs 82 83 Ches. A Ohio Conv. 6s 86 H 864 Ore. Short Lin 4 83 83 H Liberty Bond Sales Furnished by Overbeck it Cooke Co. : Hogs. Jxw. Close. Liberty. 8H 9224 9200 9210 Liberty, 1st 4s. 8950 Liberty, '2d 4 8910 8890 8900 Liberty, ltt 4Hs 8996 ' 8940 8960 Liberty. 2d 4H 8930 8900 8916 Liberty. 3d 4H 9090 9050 9064 Liberty. 4th 4Hs 8948 888 8920 Victory. 4Hs 9628 9604 9606 Victory. aH 9624 9610 9608 FOREIGN EXCHANGE RATES Corrected daily by foreign exchange department of th United State National bank. Open nominal rates on bank transaction: Draft Cahi, par checks. Transfers. value. Demand sterling near the close was quoted at $3.48 H; trances, .$657; hd. demand. .0396; cable. .0397; mark. .0149, and Cana dian dollar. .9050. London Pounds sterling ....$ 8.48 H $ 3.49 H t 4.866 Pari Francs.. 6.58 6.59 19 80 Hamburg-Bremen Marks 1.51 1.51 28.81 Genoa Lire.. 8.96 3.96 H 19.30 Copenhagen Kroner 13.9 14.00 26.79 Chris tiania Kroner 13.85 13.90 26.79 Stockholm Kroner .... 19.60 19.65 28 79 Homkon Currency . . 78.00 73.50 Japan Yn... S1.2S 61.60 49.84 Shanghai Taela ...... 1.01 1.01 H ...... Foreign Exchange Market New Tors,, OctJUA. (U. P.) Foreign ex change opening to3xwaa for the moat part lower. Demand stern ng. $8.48 H : franca, .0657; lire. .0896. and marks, .0150. New York'Loadoa Silver New York. Oct It. Commercial bar aUver waa today quoted: Domestic, unchanged at 8,9 He: foreign. 4c higher at 87c London, Oct 18. (L N. 8.) Bar sUVer was 2Hd higher today at 66 Hd. , Edited by flyman H. Coben GENERALLY STEADY TONE IN THE ALLEYS HOW Portlasd Chicago Omaha, Kaaaas City . Denver HOGS RULED Steady 817.it ltette higher ll-t lte klrher 14.78 nette higher UJi lie higher M4S PORTLAND LIVESTOCK RUN Wednesday . . . Week ago . . . 2 weeks ago . . 4 weeks ago. . Year ago . . . 2 years ago. . 3 years ago. . 4 years ago. .' Hogs. CatUe. Calves. Sheep. 297 87 .... 438 421 56 .... 28 6tfl 279 188 41 1 21 66 107 702 73 T5 002 266 1 878 520 82 5 1130 Nine loads of livestock entered trie Xorth Portland yards for Wednesday, Trade conditions in general were con sidered steady and no price chances were reflected during the morning". In the hog alley there waa the same sort of good demand that haa been shown recently and prices, were generally held within the rang quoted. About three loads came forward for the day. General hog market rang Prim mixed Medium mixed .......... Smooth heavy . . Rough heavy Pig ..$1700617.50 .-. 16.50 6 17.00 ,. 18 50 617.00 .. 18.00618.50 . . 12 00 018.00 Cattl Situation ataaaV In the cattle alley there waa a'amstl run for Wednesday at North Portland. Trade conditions were steady in all depart me nta and pricea were unchanged. General cattl range: Choice gTaaleer $ 9.00 610 00 Good to choice steers 8.00w) 9 00 Medium to good steers 7. OA 6 8.00 Pair to good steers ,. 6.25 6 7.00 Common to fair steers 6.75 6 6.25 Choice cows and heifers 6.75 ) 7.60 Good to choke cows and heifers. . B.75 6 8.75' Medium to good cows and heifer 4.76 6 8.76 ( snners 2.75 6 4.75 Bulls 8.00 6' 6.00 Choice dairy calves 13.00 615-00 Heavy cal 7.O0A 9.00 Best light calves Medium light calve ...... Best feeders Fair to good feeder Sheap Situation .. li.00618.00 .. 9.0C611 00 . . 7 O0 6 T.50 6.00 0 7.00 Sam Sheep and lambs were 4n moderate supply at North Portland for Wednesday. Pricea ruled unchanged generally. General sheep and lamb ranga: Eat of mountain lambs t 9.00010.50 lamb 8.00 6 9.50 Willamette valiey Feeder lambs . . Cull lamto Yearlings ...... Wethers ....... Ewea 8.00 6 6.00 6 6.50 6.00 6 2.25 0 9 60 8.50 7. SO 6.60 6.00 Tuesday artaenoon Sal STEEK3 No. Av. Lbs. Price No. A. IA. Price 11.... 909 $ 7.00 4.... 982 $ 6.75 1....120O 5.60 .... 7T8 .50 4 809 7 25 84 065 7.73 41 ... . 943 7.75 cows 1 ,830 $ 4.00 1 810 $ 5.00 i....o e.no 1....1020. 5.75 2. ...1195 7.50 1....1070 6.00 1 1000 6.00 2 920 5.90 8. .. . 963 5.50 1 870 7.00 CALVES 1 150 $15.00 I BULLS 1 1450 $ 5.50 I HOGS 1 510 $14.00 6 160 $16.00 24 190 17.60 11.... 190 17.50 1 160 17.50 1.... 360 15.00 2 200 17.50 1 210 17.50 7 188 ,17.60 1 420 15 00 3 186 17.75 1 140 16.00 12 198 17.50 9 177 17.50 5 132 17.00 2 210 17 50 1 310 15.50 21 205 17.50 2 210 17.60 5 260 17.65 18 161 17.65 7 158 15.50 11 212 17:50 LAMBS 137 68 $ 8.00 I 11 69 $ 6.00 EWES 12. . . . 114 $4.50 I WETHEBS 45 109 t 7.00 I MIXED 8. . . . 145 $ 4.00 I Wednesday Morning Sals HOGS No. Av. Lb. Price. No. At. Lb. Price. 2 210 $17.60 3 190 $17.00 77....wk3 17.50 .... 865 15.50 30.... 174 17.50 23 180 17.50 12 227 17.50 8 206 17.50 5.... 268 17.60 2...'. 250 17.50 2.... 170 17.50 ' 1 170 17.50 16 227 17.50 8 180 17.60 3 . . . . 893 15.50 COWS 1 1140 $ 5.50 I 3 780 $ 4.25 1 1000 6.25 AMERICAN LIVESTOCK PRICES Chicago Hog S1B.S0 Chicago. Oct 15. (L N. 8.) Hoss Re- ceipts 13.000. Mostly 15(25e higher. Bnlk Inn UK OA hMTraaiaht $14.25615.75; medium weight, $13.10015.85; $15'.35 615.88; lightweight, light lights, $14.65 615.60: heavy packing sow, smooth. $14.15014.60; packing sows. $14.25615 40 rough. $13.85 014.15; pig Cattle Receipts 12,000. Slow. Beef steers, choic and prime. $17.00 018.40; medium and good. 912.00 016.75; , lightweight $14.6$0 18.25: good and choice, $14.50 0 18.26; com mon and medium, $8.25 614.00. Butcher cat tle, heifers, $6.00 613.25; cows. $5,25 0 11.00; bulla. $5.25 01100. Canner and cut ters, cows and heifers, $3.76 6 5.00: canner steers, $4.50 07.50; veal calve (light aad handywelght). $13.50 016.60; feeder .steers, $9.75011.75; stacker steers. $4.5009.60; stocker cows and heifer. $4.50 0 8.00. Sheep Receipts 22.000. Steady. Lambs (84 lbs. down. $10.50 613 25; lambs, culls and common, $7.50 6 10.00; yearling wethers, $8.35 010.50; ewes $4.75 0 6.85; ewe, cull and common, $2.25 0 4.50; breeding ewea, $5.00 0 8.50; feeder lsmbs. $10.76012.68. Omaha Hog $14.7B South Omaha. Oct 13. (L N. 8.) Hog Receipts. 4500. slow, strong to 15e higher. Bulk. $13.85 0 14.23; top. $14.73. Cattle Receipt. 7000. Beef steers, strong to 25c higher. She stock mostly 23c higher. Canners and cutter and bull and veals, stockers snd feeders, 25c higher; early Western steers. $12.75. Kheep Receipts. 19,000. Lambs, to easier; top lambs. $12.40: sheep, yearlings, $8.65; wethers, $7.50; ewes feeders, steady: feeding lambs, $12.00. Kansas City Hoes 1S.26 steady top on ateady strong; 19.10; Kansas City. Oct. 13. (I. N. 8.) Receipts, 9000; markat light Steers. $12,00 0 17.70; cow and heifers, $8.00 012.23; stock er and feeders, $9.00014.00: calves, $10.00 015.50. Hogs Receipta, 6000: active. Prices np 15c to 85c. Bulk. $14.40 015.00; top. $15.25; beavie. $14.60 014 90; light. $14.60 0 15.10. Sheep Receipts, 9000; strong. Lambs. $1.00 012.75; ewea. $4.50 0 3.26. Denver Hog Denver. Oct 18. (U. P.) Cattle Re ceipta, 3000; steady Steer $8.00 010.00; cow and heifers, $6.00 0 7.25; stockers and feeders, $7.00 6 8.50; calve. $8.60 612.00. Uof Receipts, 800; 10c higher. Top, $15.85; bulk. $14.50015 25. ' , Sheep Receipt. 7000; steady. Lambs. $11.506 12.00; ewea. $4.0004.50; feeders, $11.75012.50. Scattls Hoes $18.00 Seattle. Oct IS. (I. N. 8 Hoe- Re ceipt. 105. steady. Prime lights, $17,50 0 18.00; medium to choice, $16.60 017.60; rough heavy, $13.50 614.00; smooth heavies, $15.50016.00; pigs. $13.50 015.00. Cattle Receipts. 65, ateady. Prime steers. $9.50 010.00; common to good. $6.00 0 7.60; medium to choice. $8.00 0 9.00; best cow snd heifen, $7.aP5 0 7.75; midium to choice, $8.00 6 7.00; common to good, $4.50 6 8.00; calve, $7.00 615.00; bull. $4.00 0 5.00. Sheep Nona. New York Metal Market New Tork. Oct 15 (L N. S.) Copper Weak: spot October, November, December sad January, offered. 17 He. Lead Dull; spot, October. November and December, offered. $7.70. Spelter Weak : spot and ' October, offered. $7.80; November. offered. $7.15: Deeexnber and January, offend, $7.40. Mlaaeapolls-Dnlnth Flax Duluth, Oct 18. (I. 1. S.) Flax Octo ber, $3 03; November, $3.06; December, $3.07; track, $3.03; arrive, asm. Minneapolis, Oct 18. (I. N. 8.) Flax 2.99 H 0 8.02 H; arrlv. $2.99 H 0 8.01 H . San Fraaelseo Ponltry Market San FTancfsco, Oct IS. (TJ. P.) Broiler. 50 0 55c; large bona, 87 640c; beat ducks, 27 0 30c Money aad Exchange New Terk. Oct It. (I. N. S.1 Call money oa the floor of th New York Stock Exchange today ruled at t per cent; high, 10 pec cent; low. 8 pet cent Tiro money waa steady. Rate were 8 per cent The market for prim saer eaatil paper was steady. Starling exchange was ateady with Sonne ia banker' bill at $3.49 tor d em ind. (FwvntslMd by Ovwrbeek 4k Cook Ce. ) New York. , Market opinion divided after Monday's session, speculative ele ment being: Imbued with tha 'idea that pool liquidation In smaller Industrials must proceed so much further that It is bouod to have an unsettling- influ ence on securities generally Many In this group look fbr declines today. In Important circles opinions expressed were again bullish, insisted that action of United States Steel common and Bald win common indicated clearly absorp tion la In steady progress. Petroleum group also regarded aa in strong posi tion. Talk about railroads bullish.. Chicago. Oct 13. All grain markets were closed Tuesday except Minneapolis, Duluth and Winnipeg. Duluth declined and closed with a rally of 2 Vic showing net losses of 3c Winnipeg futures broke 5ic, but ral lied on short covering, Duluth finished 4c higher on December wheat. "The United States cannot dictate wheat prices for the world ; supply and demand make the price." said Frank I. King of Toledo yesterday. "The United States raises about 25 per cent Of the wheat crop of the world. It always haa produced some surplus and the price of that makes the price for the crop." - Advances in grain Monday disclosed an oversold condition, which was ma terially remedied at the last, so that in some quarters the technical position was weakened. Those construing it that way said the markets were in no position to stand heavy selling. On the other hand, it was claimed any strong buying might easily , send values higher. The markets are expected to be more two sided. New York. Oct. 13. President Pardee of the American Electric Railway asso ciation, addressing the convention at Atlantic City, says prosperity is more general In electric railway business to day than any time within last two years, with outlook for future bright. Hercules Powder said to be negotiating for purchase of Aetna Explosive com pany. Banking syndicate offers today $50, 000,000 aeries Sears-Roebuck 7 per cent gold notes. New York, Oct 13. Liverpool was dull and weaker Monday. It suffered from hedge selling in a small market. Man chester was dull and declining. There is short time in the Bradford woofen mills. Print cloths here were dull and weak. Many of the 2000 delegates lo th mirphaainar aeents' association in convention at Chicago look for further sharp decline In general merchandise in the next six months. Four big jnills at New Bedford will be closed all this week. At Lowell, Mass., the hands In vha hnaisrv ind underwear mills are ready to accept lower wages rather than have the mills cioeea, dui ciosea iney will ba. Moreover, a crisis is reported in Cuba, Irish news was considered more tluyi ever, disturbing. What is more. trade Is dull everywhere. tenation is In the air; the weather at the South is favorable. A bearish weekly report is expected tatjay. Furnished by Herrin A Rhodes. Inc. Russo-Polish armistice signed at Riga effective October 18. President Pardee of American Elec tric Railway association addressing con vention at Atlantic City, said prosperity is more general in electric railway busi ness today than in any time in last two years with outlook for future bright. Banklnar syndicate offers today 150,- 000.000 Sears, Roebuck & Co. 7 per cent gold notes. Local banking syndicate" offers today Anaconda Copper $25,000,000 7 per cent gold bonds due January 1, 1929. Controller of Currency Williams re ports bank loans made on stocks and bonds decreased $380,449,000 In last fis cal year. Re-discount paper with Fed eral Reserve banks held July 1. last, amounted to $4,319,995,000. TTniteui Retail Stores corporation de clared 5 per cent stock dividend, dates December 15 and December 1. Willvs Overland regular quarterly dividend, 25 cents, dates November 15 and October 31. Woolworth company declared regular quarterly $2 common dividend payable December 1 to stock of record Novem ber 10. PACIFIC COAST BAXK STATEMENT Portland Banks Monday t 8.143.856.12 Holiday Tuesday HoHday , Wednesday .. 11.216.899.67 t 8,583,927.82 soosan ni Clearing Wednesday t 3.127.183.90 Balance Wednesday 877.873.00 Seattl Bank Clearing Wednesday t 8.786.245.00 Balance Wednesday 1,848.961.00 Tacoma Banks Clearing Wednesday t 1,347.248.00 Balance Wednesday 106,708.00 San Francisco stank Clearing Wednesday $85,000,000.00 to Ant4 gtank Clering Wdneday $17,088,248.90 A $10,000,000 issue secured by collateral worth $21,000,000. 7-yr- 8 Secured Gold Bonds Solvay & Co. Tangible assets total 5)7,000, 000. Cwnpaxty is on of world's largest chemical companies, oper ates plants throughout America and Europe. Den. $100 $500 $1000 Price to Yield BOND DEPARTMENT bemeoilrdCQ Commercial aad Savingf Boads aad Trast BROADWAY if? OAK Coast Only Section ; Where Purchasing Is " Less Than Last Week New Tork. ok. 1J. The credit clear Ing house weekly report of merchandis ing activities by wholesalers and manu facturers shows a good Improvement In purchase activity n all except the Pa cific Coast section. In the Pacific' Coast section purchases show less activity than last week and the corresponding week. Indebtedness Is lower than last week, but shows an Increase over the corre sponding week for the last two years. Payments show an Increase over all three periods of comparison. Buying during the week by mer chants in this section has shown very uiue activity, out this Is probably due to the buyers not twain Ma t . the market, because of the distance, to taae aavantage or the recent reductions In price. Purchases activity should show an In crease during the coming week, as a large number of buyers are reported ar riving from the Pacific Coast section. Buying in the mountain section shows an increase over last week, but Is less than the corresponding week for the last two years. Indebtedness is less than last week, but more than the same week of 1919 and 1918. Payments Improved over last jeek, but are not quite so good as shown In the same week of the last two years. Little change In general conditions is reported In this section, but the lowering of prices has attracted a bet ter purchasing activity than waa ex pected. 4310 Business Men Publish Views on Economic Conditions "A Composite Picture of America as Seen Through the Eyes of 4310 Business Men." Is the title of political and eco nomic survey of conditions in the United States, published by Harris, Wlnthrop & Co. of New York and Chicago. Any partisan political purpose in submitting and publishing, repllea to Its 25 pertinent questions is denied by the officials of the company. . Replies come from leading business men In every state in the union. Opin ion as to the Immediate business future is about evenly divided, a majority of less than 10 per cent looking for further contraction. Articles Are Hied The Pacific Northwest company of Portland, capitalized at $20,000 and or ganised to do a peneral bond and broker age business, with A. H. Allen. It. It. Rankin and S. J. Graham as the in corporators, filed its articles of incor poration Tuesday with the Multnomah county clerk. SHORT TERM TI0TE8 ' Quotation furniebed by dark Kendall t Co., Security. Maturity. . 9. 2.24 .10. 1,22 . 2. 1.24 .12. 1.28 .11. 1.20 .11. 1,21 .11. 1.22 Bid. Aaked. Am. Cot Oil 6s.. Am. T. AT. 6a.. Am. T. it T. 6a.. Am. Thread 6 . . Am. Tobacco 7s. . Am. Tobacco 7s.. Am. Tobacco 7s. . Am. Tobacco 7s. . .11. 1,28 Anglo Am. Oil 7 Hi. 4. 1.25 Armour Conv. 7a . . . 7,15.80 Belgian Govt. 71.. 1, 145 Belgian Govt 6i ' 1, 1,21 Belgian Govt 6s. ... 1. 1.25 Bethlehem Steel 7s.. 7,15.22 Bethlehem Steel 7s.. 7,15.23 British Govt. 5Hs. ll, 1.21 British Govt. 6H. 11. 12 Canadian Govt 6 Ha. 8. 1.1 1 Canadian Govt 6Hs. 8, 1,29 Cudahy Packing 7s. . 7.15.23 Inter. B, T. 7. . . 9. 1.21 Japanese Gov. 4Hs. 7.10,25 Kennecott Cop. 7.. 2. 1,30 Ligg. Myers Too,,;. 12. 1,21 Molin Plow 7a.... 9. 1,21 Molin Plow 7a 9. 1.22 Molin Plow 7s.... 9. 1,23 Molin Plow 7s.:... 9. 1.24 Nor. Pac. Eq. 7s.-.. 5.15.22 Pacific Gas 7i.. .. 6. 1,25 Swift 6 ,. . . 8.15.21 C. S. Rubber 7... 12, 1.23 95 H 99 91 H 95 9 H 92 97H 93 9"H 93 H 96 99 92 97 H 98 98 H 98 H Exempt From All Dominion Government Tax We Offer Subject to Prior Sale and Change in Price The Unsold Portion General Obligation 6 Gold Notes : city of EDMONTON PROVINCE Frteet Ar Sssjeet to DATED SEPTEMBER 1, 19ft Metarules aa Follows i Due Sept 1. 1922. .Price 94.82 Due Sept l. 1923. . Price 92.45 FIJCAXCIAL a"!wskwew n a a ntmr ra 1 ta t tori Value Municipal Property not including Public Utliities. Net Debenture Debt .. Revenue from Public Utilities (above cost of operation)... Net Local Improvement Debt (rate Ia addltloa to being General Obligation Kotos, (fees are seenred by long. Ume.dekentnres totaling t49,4it. Edmonton' la a city of 60.000 to 70.000 population and the capital aa well as the commercial and distributing center of the Province of Alberta. Rich in manufacturing and natural Industries, surrounded by a bountiful agricultural empire, the trading point for the great northern fur bearing region. Edmonton is blessed with substantial and permanent prosperity. Legality Approved sy Malone, Maloae A Long, Toronto, Canada. MORRIS BROTHERS, Inc. The Premier Mnnlelpal Bond Hesse." Established Over a Qsnrter Ceatary. Capital One Mlllloa Dollars. Portland, Or, Morris Bldg, tot-11 Stark. Broadway tlil. Saa Fraaelseo, CaL Merchants' ITaUonal Bank Bldg. Telephone or Telegraph Orders at Oar Expense HALL & COMPANY Boy and Sail U. S. Grvmmnt. Foreign Government. ' Railroad. PabBa Utility. Indtss trial. Municipal t Quotations Lgrwis Bldg., Portland. Or. ' WAiini'APniifJWiii Mi iiaatiiiiiiiais- III IbawVIII I VVVI1 I.I ' 'K.' 55m Salem. Oct. U.- The Alder Slope) Ditch company of Enterprise haa filed an application with the state engineer's office here covering th appropriation of water from Hurrl- cane creek for a supplemental sup ply for the irrigation of In nils Ir. Wallowa county. Other applications covering water rights have been filed as follows: By W. 8. Booth of Acalea. water from Booth gulch for domestic purpose In Douglas county. By U. 8. Spruce Products rcrpormion, Portland, water from springs and an unnamed stream for railroad pursues in Lincoln county. By W. W. Ashcraft of Rosehurg. water from Bilger creek for Irrigation of a small tract In Douglas county. By George W. Strong of Koler, water , from Panther creek for don, cut lo and trrlg.ifion purposes In DoiirIus cdunty. By Steve Woodward on behalf of the Westfall irrigation district of West fail, water from Clover creek for Uie irrlga-i lion oi iana witnin m uibhh i. New rates Involving slight increases over those heretofore : in effect tre granted to the Lafayette Telephone com pany of Lafayette, Yamhill county, In an order Issued by the public service commission Tuesday. H. H. Corey, -public service commie sloner, is tn Lakevlew conducting a hearing Into applications for Increases In water and electric rates. Friday I orey will conduct a hearing at Klamath Kails Into the water rates of the California Oregon Power company. Electrical Industry Prosperous; Exports And Imports Gain Continuing activity and prosperity of the electrical Industry is evidenced by the volume of business reported by Ihe Western Electric company, whose sales are running at a higher rate than at any other period In the company's his tory. For eight months of the current year its domestic billings showed a total volume of $119,500,000, Indicating do mestic sales for the year of approxi mately $190,000,000. This does not In clude its export business from America nor salea of Its foreign affiliated com panies. The export and foreign business will probably reach a volume of $38,000,- 000, bringing the total business up to more than $225,000,000 for the year. The domestic sales will exceed the 1919 business by over $80,000,000 and are greatly In excess of the company's larg est previous year 1917 when domestie billings amounted to $142,000,000. This Is especially worthy of note when It is considered that in 1917 the ssles were materially affected by the heavy( buying of the United States govern ment, while In the present year the busi ness is in all lines of the company's ac tivities and In all sections of the coun try. This is true not only with reopect to telephone apparatus but Is especially marked in such labor saving devices aa washing machines, sewing machines, vacuum cleaners and also In farm power and light plants. , That the enlarging demand is hot of a temporary character Is Indicated by the recent Increase of unfilled ordara on the company's books from $47,400,000 on January 1 lo over $85,000,000 on Septem ber 1, deliveries In many instances being scheduled for 1921 and 1922. A novel rocking chair can be honked upon a window sill to give -a person a safe seat out of doors or can bp folded Into a horltontal position to serve as a window washer's platform. Yield OF ALBERTA- Iaereass Wltnont Notice Deaomlaatloas UN, liOt, flttt. Principal and semi-annual Interest (March 1st and September 1st), payable in U. 8. Gold Coin in New Tork and at the offices of Morris Brothers, Inc. STATEMENT ,$8,05,715.OO . 11,035,376.00 9,488.997.00 787,773.00 J.048.7.J.00 payers share Seattle, Wash, 50. I Central Bldg. Main 7x7 Elliott I84t. BONDS Upon Roquest Telephone Broadway W0 1