16
THE OREGON DAILY . JOURNAL. PORTLAND. OREGON.
WEDNESDAY,! NOVEMBER:, 3, 1920.
MANY GROWERS FORCED TO SELL WHEAT TO PAY LOANS
Edited by
Hyman H. Cobea
BUTTER IS STEADY
IN LOCAL TRADING
, No change In butter market oonditlona
are! shown In the local trade for the
Tuesday market Prices were , un-
changed generally, ' - ;
White there is a growing output of batter,
on. to the tiT of mil canning,- th trad
her ai cvnaidered generally sLadjr. in fact fairly
favorable. 4
Several of th cmmrriM. which nsually sell
blow th top quotaU'ins.. ar ain - ihading
value, bat thi is oonirtdered Bo fault of the
market.- their product no longer eonanandinj
extreme value ex-ept III the cas of llrmud
tale to small retailer, i . . ". ' .
OutsM mret are considered steady as a
rule and this condition ii etpected to help
maintain the local situation. Foriegn butter
Ira porta are decreasing gradually.
Those desiring specisl tnformatlo regarding
any market should writ the Market Editor.
Oregon Journal, inclosing stamp for reply. ...
- - ...
EGG TRADfi SHOWISO STRENGTH
Trade in tfi egg market continue to ahow
strength In tin local market wifli an excellent
tone- and Pacific Northwest In demand. .Re
ceipt of fresh stock .are not ample to U re-
quirementa.
CHICKE TRADE HOLDING WELL
Chicken market continues' to bold well along
the Street, with former price generally main
tained, although there is little desire on the
pert of buyer to tae. on ataesy atock. :
TIRKET8 SELL AT HIGH POINT
' Best dressed tnrkey ;contume to sell readily
at D5 a pound in the wholesale trade. Live
' birds are aWh In demand, with aelea 10c beelow
(ha dressed. Receipts are moderate, but gaining.
81GAR MARKET IS 8HOlVlo WEAK
The keen desire of Pacific ca4t sugar re
finer to follow the trend of the. New York
market appear to hm been, lot when that
trade showed iharpiy , lower price alter th
.recent adranee.- . : . ;
-:., . , -- - :.:
MOC8 ARE 81 1 O 11 T I. Y EASIER
Whiie lew ule of host continue to be
mad aa high aa 21c a pound lor top, some
ot the trad report it inability to secure above
aOe fpr top. Even th- '-r ia higher than
the livestock basis. I .-
BRIEF STOTKS OF PRODUCE TRADE
w ('armed milk market is weaker generally. ;
Honey ssle eitremeljr alow because of lower
SUffat. ' j
Country killed calve are. steady to firm at 20o
for top. ' ' ' . " ' ...
Potato market 1 hurt by nrsjsa-poor Quality;
same In onions.: ' . ' '
Wool, hops and hide eontinne dull and nn
. changed in pride.'
WEATHER NOTICE; FOR SHIPPERS
Protect ahlpmento during the next 38 hour
against the following minimum, .temperatures:
Going north; 40 degrees: northeast over S., P.
at 8 B R.,82 degrees; jeaat to Baker, 28 de
grees', nd soulh ta Ashland. 32 degree. Mini
mum temperature at Portland tonight about 40
degree. "-. ,
WHOLESALE PRICES IS PORTLAND
i These are price retailers pay wholesaler, ex
cept H UlHCmiW I"" -
' Dairy Product
BDTTKR Selling price, box Jot: Cream
- ery, extra, parchment wrapped, 6 3p per lb.
limnioa iiTiwrt. v. " s -, - - - . .
buying price. 8Sq per lb. , .
BUTTE K FAT Portland delirery baai. Blc
A grade; 8o B grade; counta sUtions. 44
47c per lb. . .. .,
OtEOMABGARINE Best brand, 81e: ordi--riary.
3SHc; baker.' 83c; nutmargarin. 1 lb.
. cartons, 22c ' '
CHEESri Selling price. Tillamook, fresh
Oregon fancy triplets. Sic' per lb. ; Young Arner
ica. 82c lb. Prices to. jobbers, f. o. l. TiUa
. mook, triplets, 28c; Young Americas. 29c. Sell
ing price; Block Swiss, 48 48o; limburger. 40
t(MZc per lb, ' . , '
EGGS Buying price; Current receipU, 8e
per lb ; candled. selUng price 74 75c; select,
78800 per duren.
LIYJ5 POULTRY Sellin price : Heary
bn. 2ft a 30c lb. : light hen. 20 22c lb.;
storing, light, 28 80c; beary, 2425c; old.
roosters. 1214o lb.; turkeys, lire, 43 43c;
dreued. 8? 38c: ducks, 85c.
Fresh Vegetables and Fruit .
FRESH FBPIT Oranges, $0.50 10..10
box; bananaa. 12H13He lbj lemon. $8 00
6.50 a crate: grapefruit, Florida, 88.50
10 00; California; 8H. 50; peaches, 82.00
2.50 per box;. pears. $2.75; Tokay grapes, 15o
per -lb. " ..jf
. APPLES New. 1.2S .8.00.
DRIED TRC1TS Date, Dromedaries, $7.25;
larrl. $4.50 per box; figs. $8.50 4.00.
"ONIONS Selling price to retailer; I-ocl,
-'31.78; association selling price, car. $1.25;
California onlona, $1.25 1.75; garUc. 20e per
lb. i green onions. 45c per dozen, iunches; omon
acts. 1 2c per lb. .-
POTATOES Selling pricey Oregon fancy.
$1,752.00; swee-U, 44ie per lb. i
RKIIIMK.S Huckleberries. lSMCOc lh.; cran
berries, local, $5.60 box; eastern, $8.50 9.50 j
per hhl. ' ' t i
VKGETABLES Turnip. $2.75 per aack;
rnrrot. $2.0O; beet. $2.00; lettuce. $1.50 ner
crste encumbers. $1.50 sack; turns toes. Cali
fornia, i $1 .7 2.25 big; egg plant,. 10c; broc
coli. $1.002.00: bell peppers, 10e lb.; celery.
50 85o do.; string beans.' 4 6c per lb.;
green corn, 80 35c per dozen. .
Meats and Provision -
' COITNTRY MEATS Selling price: Country
Bog. 20 21s per lb. for top blockers: beary,
14lc; -teal, c: beary Teal, 1012e lb.
. EMOKED MEATS Ham. 42 4o per lb.;
IrealtfMt bacon, 33 58c; ' picnics, 27e per lb.;
totuce roll, 36c per lb.
. I.ARD Kettle rendered.. 290 K.; tierce
basis, compound, 20 Ik e. . .
fish and-Shellfish
' ( TRESH FTSH - Salmon, fresh Chinook, '20e
;per lb.; halibut, freah, 24e lb.; sturgeon, ( :
black cod, 10(llo lb.: kippered salmon, $2.50
per 14 lb. basket: kippered cod, $2.85; razor
ems, i-l ; crab. $2.75 3.75. dozen; ling
rod, l c per lb.
OYSTEKS Eastern, per gallon. $5.00;
(irympia, $5.50. ' , L
.' i .., ' ' Qrocrtat . . ''
SUGAR Nominal - prices, . refinery basis:
Tube, $14.3; fruit and berry; $13.00: D -yel-hw;
$12.40; granulntrd. $13.00; extra C.
$11.80; golden C., $ 12.50. - Actual aale mad
$1 below market price.
HON El New.'- $7.tt0 9 8 00 rase. :
' KICEr Japan ityle. No. 1, lie; Ner Orleans
bead, ) ;. Blu Koee, UH81U1 per lb.
i SAI-T Coarse, half - ground. ' 100s, $17.25
pet ton; 60s, $18.75; table dairy 60s, $27.26;
bales, $8.60 4.00; fancy table and dairy,
$J4.n0; lump rock, $28.50 per ton,
BKANS-tnalea r by Jobber: Small white,
fie lb.; large- white, oc; pink, $c per lb.: limas.
' jvc; neyou, r; reus,. 4 ac; uregon Deans,
- buying price, nominal.
CANNED MILK Carnation, $.. 00; Borden.
! .of; Asror, .-.; r. te. tia ou; i-iboy,
$5.90: Mount ernon, s per case.
COFFEE Roasted, 23&400 in aacka of
' drums. . . ,
SODA CRACKERS In bulk. 18e per lb.
NUTS Walnuta. 83 40c, per lb.; almonds,
27H2Sc: filberta. 82e ! in sack lota: pea
nuts. 14.M 9 15c; pecaxis, 25c; Brazils. 3 5c.
Roe. PaJnW Olla
-' ROPE Sisal, dark. 18 He; white. 20o ib.;
standard manila, 26 He. .
f LINSEED OIL Raw., bbla., $1.84 gat; kef
1 fl Joiled, bbls. $1.8; nw. cases. $1.40;
v bolteC ease. $1.81 gallon.
V- COAL OIL Pearl or water white, in arum
, or iron barrela.' lfHo gallon; cases, 8 Oo - per
. allnn. '
V GASOLINE Iron barrels, 29 30 He; cases.
41V?HrTK. LEAD Ton Jotav 15c; 800 Iba..
15H' lr IK v ' , '
i TUBPE.VT1NI5 Tanks, $1.81; cases, $1.98;
10 c jlot, 1c lea. '
j Hop. Wear and Hid - :
J HOPS Nominal. 1920 crop, 4449o lb.
HIDKS Best calfskin, ,13c; kips, be; green
, hides, c per lb. '
MOHAIR Long. 25c; short. 15c lb.
TALLOW, AND GREASE No.,1 UUow. 7c;
Uo. 2i. 6c. 1 - r
-'." 'f i' A ' - ' '. ' :-
' ' I.lTerpool Cotten Easier' -
Ijeerpool, Not. 8. (I. ! N. S.) Spot cot
ton opened in moderate request,,-; Prices were
easier.; Sale 5000- bales. '
Aoseiiran mid.. 21.33; good mid., 18.58; full
mid., 117.68; mid., 16.33; low mid.. 12.53;
good erd.. 9.6S;ford. b.58. , -v.i--
: FuUiiwopeoed Quiet. -i : Z
"v.."r -j l 9 ' V
r i Kew Tork Wool ana Hide "r v
New Tork," 'ot. 3. '(t - !. S.) Wool
Market unsettled. Domestic, fleece XX Ohio.
, S20c! domestic, pulled scoured basis. SO
- tiO-; coroestic, Texas scoured basis; 60c $1.10.
Hides Market dull. NaUre steers, 19 23c;
oranoeo arers,t,c. : .
CMARICET
DASICET
RTTA1U PtUCEJ -;,
, By Hymaa H. Cobea .
Consumers axe actually able to pur
chase sugar in many of the retail mar
kets at a lower price than the tactual
wholesale price basis. This Is due to
the fact that th last advance of II a
hundred pounds, in the wholesale price
as well aa at refineries, was not main
tained ' by the former because of the
fact -that much sugar had been pur
chased Just previous to the advance, and
at the lower prices.
Contrary to general belief, the law In
regard to sugar profits Is still In force
Jn the United States and the profits of
both wholesalers and retailers must now
be above the amount specified, by the
government ,
In other words, despite all the talk of
Interested officials, there is no profl
teertng by either wholesaler or retailer.
However, both dealers have lost consid
erable . money by reason of i the lower
prices. While" competition has forced
them to sell their product down when
the refinery price dropped, they were
not allowed to take a greater profit
when the refineery price advanced. In
other words, the government, protected
the consumer against the advances, but
did not protect the dealer against lasses.
The following price ruled generally in retail
hop for good quality. Some value are frac
tionally higher and inferior itulf fractionally
lower; - - i .
. Mutter Best creamery. 67 60c
Egge Fresh laid. 80c dozen ; ordinary freah,
73 & 80c per dozen..
Poultry Chickens, dressed, 85 45a per lb'.
Flab Salmon. 10 25c : lb.; halibut, 800
85c per lb. '
Flour Best local patent. $3.0003.15 per
sack, 49 lb.
Potatoes Burbanks; 2 He. - ! -
Onion Oregon. 2H(g3c,
Chicago Wheat Is
Little Changed' in
1 The Early Trade
Chicago, Nov. 3. (I. N. S. Alfgrains
closed with sharp losses for the session
except rye. Feature .of the day's trade
was lack of buying support. Liquida
tion in corn started the decline early and
other grains followed. Lowest prices for
the day were not maintained, the market
closing fairly .. strong under moderate
short covering. - -
Resting prices were at' declines of 2
t6 3c for -December Wheatland 3 off
for March. December corn dropped 2 c.
May lost 1 to c and July declined 1
to 2c. December oats were to c off
and the May delivery the same.
Provisions closed lower.
WHEAT SALES ARE
IDE
N im
WED1TE8DAY WHEAT MARKET
-"! Sid. , ' Los.
Hard white ......... .v.. 21 4e
Soft white Ill . tt
White elab .20$ it
Hard winter ; 119 te
Sortheru gyring J 19 6e
Bed WaUa ...... IH
Beported by Portland Merehsrttii Exchange:
NORTHWEST GRAIN RECEIPTS
fare
! Wheat Barley. Flour. Oats. Hay.
Portland, Wed.. 29 1 8, 1 12
Tear ago.'. ..' 44 ... ; 20 1.
Season to date. 63 98 74 I 259 221 05
Year ago.-. ..4099 113 1518 275 700
Tacoma. Tue. . . 16 3 9... 6
Year ago. ... 45 . . . . v. 1
Season to date. 2601 84 850 65 868
Year ago 2788 54 "1 . . . 100 893
Seattle. Mo.. Tu. 88 1 11 9
- Year -ago . . 40 . . 2. 1 4
Season to date. 2346 122 i 135 134 703
Year ago.... 2423 129 1 804 805 605
, i - .. ' . i
Little, change was shown at the open
ing of the wheat trade in leading Ameri
can centers for the day, but there was a
very firm tone in oats and barley noted
in. many sections. j
Coarse grain are eery active at this time
and both oats and barley product are- held at
high price, j
MUlstuffs snd poultry feeds are (bowing a
generally steady tone for the day, while the,
hay market is unchanged.
' Reports from interior point indicate a grad
ual looseninc of the holding tendency in the
wheat trade.; Report indicate that the banks
are calling upon the country merchant for loans
and the latter are asking that farmer provide
them - with money by disposing of at least a
portion of their wheat crop.
Flour trade is generally teady, vboth at home
and abroad and further cargo sales are reported.
FLOUR Selling price, mill door. Patent,
$11.40; Montana spring wheat, $11.70; WiAm
ette valley brands. $9.60; local straight. $9.60;
bakers' local, $10.80 11.05; graham. $9.d0;
whole wheat. $9.80. Price for city deliveries
15c extra; suburban, 20e 'wxtra. ,
HAT Buying price, nominal. Willamette
timothy, fancy. $28.00930.00 per toe; clover.
$20.00; cheat, $23.00; straw. $11.00 11.60;
grain. $25.00; alfalfa, $24.00 pee ton.
GRAIN SACKS Nominal, i No. 1 Calcutta.
10 10 He: domestic. 11c, in ear loU; lea
amount higher. 1
MICLSTL FF8 Mill run at ; mill, aackad,
$50.00. j 4 : I !
OATS Per ton, buying price: ! Feed. $47.00
48.00.
BARLEY Buying price: Feed. $47.00;
milling. $47.00 47.60. '
SEED Buying price, - Nominal ; no demand.
Red clover. I reeleaned. ( ) per Ib. ; alsike.
( ) : vetch! ). i
FEEDSTUFF'S F. O. B. rnflla: Boiled bar
ley. $56.00; alfalfa meal, $36.00; coeoanut
meal, $50.00: soy bean meal, $88.00; linseed
meal, $81.00; cracked com,! $60.00; whole
corn, $57.00 ton; scratch feed. $74.00; wbol
oats. $52: rolled oats. $54 per ton.
ROLLED
Merchants'
OATS Selling price, $11.00 bbL
Exchange bids:
WHEAT
Chicago; Nov. " 3. (L N. S.) There wa
buying at the opening of the wheat market
today, but Northwest bouse sold and pressure
of 'general character developed later bee us of
a break in corn. December started H e higher
to He lower and March waa unchanged to 4 c
lower. . . . i'
Corn opened He lower to c I higher for
December and He higher .for May. - Buying
was unimportant, however, and local selling
forced a sharp reaction immediately after the
start. i
Oata met with : local selling, at th start and
broke sharply in absence of' reliable support.
The market was -He to Mc higher before the
break. -
Provisions started generally higher, reflecting
a. hoff idiunt.
Chicago rangf of prices . furnished by United
rress;
.. , WHEAT
Open.; High.
210 21014
202 203
CORN
84 H 844"
90 H 00 i
OATS
55H 55H
60 H 60H
PORK
Nominal-
Hard White ;
Soft White
White Club
Hard Winter! . . .
Northern Spring
U , W T1 -
No. 2 white.
No. 2 gray . j..
FEED OATS
BARLEY
Dec.
March
Dee.
May
Dee..
May
Low. Close.
. 205H : 207
197 H 1984
81 H
88 H
534
5k
88 Ii
54 4
69 H
Nov.
Jan,"
Nov.
Jan,
, .1900
.1680
Nov.
Jan,
. . . .1390
Cash wheat No.
-Nominal-LARD
1910
16S0
RIBS
-Nominal-
1890
1900
1627
Deo,
May
1370
red. $2.24.
ICYB
170 , 171 H
158 H 159H
BARLEY
96 96 H
2350
2500
1900
1627
. 1400
1370
1694 170H
158U '15814
Dec. ....
May ....
Cash barley, 82c $1.05
93
94
96
AMERICAN LIVESTOCK PRICES
Chicago Hog $14.2S '
Chicgo, Nov. 8. Hog: Receipts 8000, 25
60c higher. Bulk $13.50 14.20: ton
$14.25. Heavyweight. $18.75 14.25; me--.
linm weight. $13.9014 23: light weicht.
$13.50 14.25; light lights. $13.85 13.75 ;
heavy packing sows, smooth, $12.90 13.23 ;
packing sows, rough. $12.60 12.90 pigs.
$13.0014.5O. . . .
Cattle Receipts 13.000 steady to lower.
Beef steers Medium and heavyweight, $17.00
18.15; medium and good. $1 2.00 17.00;
Heht weight, $15.00 17.75; good and choice.
$15.00 17.75; common and medium. $8.50
15.00. Butcher cattle Heifers, $6.2513.25;
cows, $5.50 11.25: bulK $5.75 10.75.
Canners and cutters Cows and heifers. $3.85
ta6.5Q; canner steers. $4.50 6.25; veal calve
(light and handyweight) , $12.00 14.50; feed
er steers. $8.00 12.26; storker steers. $5.25
9 60; stocker cows and heifers, $5.60 7.75.
Weatem range cattle Beef 1 steers. $9.25
14.00; cows and heifers, $7.00 9.85.
Sheep Receipts 18.000, " 15 25c lower.
Lambs (84 lbs. down), $1 1.50 1 3.75; lambs,
culls and common. $9.00 11.00; yearling
wethers, . $9.75 11.85; ewes, ,$6.007.25;
ewes, cull and common, $3.00 5.75: breed
ing ewes, $6.008.60; feeder lambs, $12.50
13.60. ! .
Denver Hogg 818.80 ,
Denver, Cola, Nov. 3. U. P.) Cattle
Receipt. 1000; steady. Steers. 87.50 10.00;
cows and heifers. $6.50 8.60: atock era and
feeders, $7.50 8.60; calves, $10.00 18.00.
Hogs Receipts, 200; 25c higher. Top.
$18.60. ,
Sheep Receipts. 7500: 26e to 50o Ma-her.
Imbs, $12.00 12.75; ewes, $5.00 6.50;
leeuers, $11.00 lz.oo.
I.
. ! Chicago Potato Market '
Chicago. Nov, 3. 1. X. 8.) Pot
Receints. 81 cars. Northern white. M.oOA
2.45: bulk, $2.35 2.50 ; Earlv Ohio. $2.25
POTATjOES along the coast
San Francisco Market
San Franciscoi Nov; 8. (U. P.) Potatoea
Hirer white. $1.75 02.00: Salinas. $2,000
2.50: sweets, 8c. -
Onion Yellow and white. 80c 81.10: Aus
tralian orown, Boei.iu.
o Angeles market
Lo Angeles, Nov. 8. (I. N. 8.) Potatoes
-Stockton HurnanK. mosuy 12.25 62.60:
poor, xaano russets, mosuy gz.oo.. -
. Mntnal Creamery Report
Tbe annual report of the Mutual Creamer
Co. shows that during the fiscal year ending
renruary zv. IVV. tn company operated 81
plants, and the products handled at each plant,
all added together)- amounted to: 8,512,540
pounds butter, value. $5,121,405.16: 3,031.187
pounds cheese. , value, $946,845.46; Trt,486
pounds poultry, value, $30,009.05: 2,027,985
dozen eegs. value. $1,019,985.93: 236.894
gallons ice cream, value. $293,572.42: sweet
milk, cream and buttermilk sale, value, $Sfl2,-
nto.u-s. iniBceiianeoQS sales, value. 9XI2.ilHn.tt;
toiai aaea. ,v9s,ubs.uu ; .sales between
houses, $1,448,900.34; net sale to public, $6.
637,182.66. r
Net profit tn com Dan v. after takine riVnmria
tion, $119,091.28. being 1.82 per cent on
Dried Fruit and Beans
New Tors. JSov. '3. I. N. B. ) Beam
maraei wea. narrow, cnolce. $9.25; pea,
choice. $5.50 6.00. ,
Dried Fruiui Market steady. ApricoU, ex
tra choice to fancy. 30 36c; apples, evapo
rated, prime to fancy. 8 13c; prunes. 80s to
", ti ti v -a nc; prunes, oue to 1 Otis. Its?
15Hc; peaches. ' extra choice to fancy, 18
21 He; seeded raiaina, choice to fancy, 23 H
25c - . Ok .
Brewing
I CORN
No. 3 eastern (bulk).,..
No. 3 local (bulk)
Nov.
. 201
195
200
190
190
. 190
.4600
.4400
4700r
.4700
..4200
. .4250
Dec
201
196
200
190
. 190
90
4600
4400
4700
4650
4100
420V
Apples Likely! to
Go Into Storage
Yakima, Nov. 8. Owing to slump in eastern
marker and continued car shortage it is estimated
that from 4000 to 3000 cars of apples will go
into storage this month instead of being rolled
to market, t Yakima baa capacity - for storing
8500. cars of apples in cold storage warehouses
and 2500 ia frost proof storage. Ninety per
cen of th Winesap crop which is the main
crop of tbe valley will 'be placed in atorage" and
held till after the first of the year. .Growers fig
ure that markets will not be better in the east
till the barreled apples of New York are cleaned
up. By concerted action on the part of members.
of tne I skims valley Tralllc Credit associa
tion' shipments east have been cut in two begin
ning this week. Last-week 60 cars were rolled
to market, but it is thought not more than half
tuat amount will bo auipped his week.
DAIRY PRODUCE OF THE COAST
San Francisco Market
San Francisco. Nov. 3. (U.. P.) Butter
Extess, 66c; prime firsts. 54c ;
Eggs Extras. 84e: extra pullets. 71c: un
dersized pullets, 59 He,
Cheese -California flat, fancy, 26 He; first.
21ff. . .. .-.I . '
Los Angeles Market
Los Angela. Nov. 3. 1. N. S. Rot
ter 58c i '
Eggs Extra. 79c: case count. 78e: nnlleta.
69c; peewees. 65c. .
Poultry Unchanged. ' I
Apples Sell Well
With Bulk Call .
In Lower Priced
Movement of low priced applet Is
extremely liberal at this time. Apple
week agitation has forced additional
buying. This has resulted Ia a steady
price generally, although the balk of
the baalnetf eoatinaei ia the It to
$!.$ stock. Ia order that The Jour
nal staff remember Apple, week the
Willamette Prod nee company has
presented the of flee with a box of
extra fancy Winter Bananas.
S. P. Shares in
An Excited Move
In Early Trading
New York, Nov. 3. (L N. S.) The
stock market closed strong today. South
ern Pacific and Reading featured the
trading in the final hour. ! Dealings
were on "aMarger scale than in some
time. Southern Pacific got up to a new
high of 116, reaction at the close to
114H. a net gain of 9 points. Reading
rose nearly 7 points to 102. The other
rails were carried up from 1 to 3 points.
Steel common,' after getting up to 88U.
yielded a gain at the close to 87. Bald
win Locomotive rose over 2 points from
the low to 111. ' - j
r Mexican Petroieum rose nearly
points from the low to 19014. Stude
baker, after advancing to 08 S4, reacted
to 58, General Motors yielded to 1.
CKvernrnent bonds, unchanged; rail
way and other bonds, steady.; ,
Kew York, Nov. 3. (1. N. S.) There
was a wild scramble to buy: Sputhern
Pacifio at the opening of the stock mar
ket, a huge crowd being in that stock
with buying orders in large blocks and
It was some time before it could be de
cided what to make a reasonable open
ing. After ..the excitement" diminished -the
opening was fixed at 25,000 shares
at from 110 to 109 and 111, a gain
of 6 points over the last sale on Mon
day This opening was In direct re
sponse to the official announcement of
the intention to distribute equities in oil
lands to stockholders.
There waa similar - excitement in Southern
Pacific convertible 6s which opened up 5 H at
110. After; the- first 15 minutes' trading,
Southern Pacifio ranged .between 109 H and
"0.
Steel common dropped . to 87 4 and Bald
win Locomotive fell 1 H to 112. Mexican Pe
troleum waa down 1 94 to 189. Trans
Continental On advanced 4 to 13
After the first 15 minutes of trading, strength
developed in many of the industrials. Steel
common rallied to 88 H . i
The room generally sold stocks on a large
scale during the forenoon and many of the
traders took a bearish position because of de
velopments in the international industrial and
financial situation and industrial conditions in
this country. Reference waa made by them to
th anti-Japanese land vote in California and
to the report of the voting on the strike ques
tion by the cost miner in England.
Steel common, after rallying to 88T4, dropped
to 87 H , and Baldwin Locomotive fell to 111 H ,
a loss of over 2 points. Crucible was down
nearly. 5 points to 118. Associated Oil mad
a gain of S points to 117. Southern Pacific
conttinued to range around 110 with the trad
ing in that stock larger than any other issue.
Sears Roebuck, after advancing on point to
107, dropped . to 104. Beading declined from
97 tt to 9654.
Furnished ' by Oterbeck sV Cooke Co., Board
of Trade building:
Stock.
High. LowT
TTew -York Batter and Eggs
vw ..-b vw 'a 1 1 x: a i n .....
Market unchanged. Creamery extras, 61 H
higher scoring, 62H84Hc; state dairy tubs.
0 I w vc . i ruuTiicu rum, m ev V I c
i'uwas aaarmri irregular. Biate. as e;
whnt milk i Knmriala ?'a9S,? whnl. milk
fancy. .'-20 21 He: Wisconsin. 27H28e;
whole milk, fancy Young Americas. 1 8 20c;
atate. 13ati17Ur: skim anrciaU 1at'ili.
choice, 1 0c. f . -
Eegs Market- irregular; nearby white, fancy.
94 96c; nearby brown, fancy, 78 86c;
uua, (US I dc; iirsta, uo m ivc.
! .
Offer Free Salmon
Monteaano. Wash., Nov, 8. -Free salmon for
the residents of Graya Harbor county is - the
latest o'lpnrtumty- to cut tbe high cost of living.
L. H. Darwin, state fish commissioner, ' invite
all the people of thia county to go to she state
hatcheries located near Satsop and on Stevens
creek on tbe Quinault road, and there get.
ire ox coat... wnat spawned salmon they can use.
The only restriction placed on th distribution
of these fish is that they must bo used for
home consumption and not sold for gain on
the market, t ,
Chicago Dairy Produce
Chicago, Not. 8. (I. N. 8.) Batter Re
ceipts. 7602 tab. 1 Creamery, extras, 61c;
firsts,, 47 67c; packing stock, 25 32c.
' Eggs Receipts. 1822 cases. Miscellaneona.
5460e; ordinary firsts, 55 57c; firsts, 64c;
coecK. swiic
Cheese Twins, new. 28o23Uc: daiu
23 tt 24 He; Young Americas, '24 He; long
norns, zeyxc; ones, zzc, i
Live Poultry Turkeys. 3 5c: chickens. 21 Sb
29c: springs, 27c; roosters. 22c; geese, 27 He;
uucas, ooc "- -
---" -, i - ....-.
TTew Tork-Londoa Silver
New York; Nov. 8. tl, N. 8.)- Commer
cial bar silver was today anotsd : Domaatic
unchanged at 99 He; foreign, 1 He. higher at
82ttc
London Bar silver wu-3d higher today at
oo a. . -
' Apple Crop Smaller '
Whit Salmon, Waah., Nov. 8. Tbo White
Salmon and underwood crop of apples this year
win tall almost 200 cars short of i last year's
crop. About 200 cars will be shipped this year
a against asv ears last year.- - .- t ;
i
MlnneapolisD.alath Flax
' Duluth, Nov. 3. (I. N. 8) Flax Nov.
32.70.; Dec. $2.73: May. $2.87. i
Minneapolis, Nov. 8. Flax Track, $2.7J tt i
minim, same. , , . - ; . .
Ksval Stnm UTarkat
New York, Nov. 8. it N. 8.) Turpen
tine Savannah, 123; New York. 130.
Rosm Savannah, 1125;' New York, 1290
-. Forelga Exchange Market
New York, Nov 3 (U. P.) Foreign ex
change was unsettled at th opening today. Ster
h" P"'1 . v np ' frnc .0622. off
.0003; lire. .0365. off .0008; lira cables. .0366:
'2.?! ?" -0003; Canadian dollars.
.9044, , unchanged. .
The market closed lower. Sterling. $3.43.
off c; francs. -0624. off .0007; lire .0803.
off .0004: marks. .0128. nnchanred- Canadian
I dollars, .0060, up .0016
. TJaw! Vnrar X,ta tn vv
,Nw,J,,,?i Kow- - (L N. S.) PoUtoc
fin bulk barrel or bag) Market steady.
Nearby white. $2.80 4.25. - . .-s. ..-.
600 Alaska Gold
300 Alaska Juneau ....
300 Allis-Chalmers
100 Am, Beet Sugar . . .
900 Am, Can Co
lSM)0Am. Car A Fdy. .
500Am. Cot OU
.... I Am. Express
300Am. Hide i. Leather.
2 4 00 j Am. Intl. Corp
.... (Am. Linseed
2000Am. Loco. .......
3400Am. Sielter
Am. Sugar.
Am. Sumatra
Am. TeL Tel. . .
Am. Tobacco.....
Am. Wool ......
Am. Zinc .......
Anaconda .......
Assd. OU
Atchison ........
AO. Gulf A W. I.
Baldwin Loco. . . . .
Balto. A Ohio....
Booth Fish
B. R. T t...
Butte C. Z..
Butte & Sup. .
Caddo Oil
1500
2800
800
800
8500
6306
10000
900
23000
4200
400
2700
2200
Canadian Pac.
Gen. Leather
Chgo. A N.
700'Chi. G.t W.
W..
5O0ChiU Coo
2000 Chino
7300 C, M. A St 1
4200 C. A O
. Colo. F. A L .
500 it kilo. Southern
,2300j(!on. Cas ....
3800Oorn Prod. . .
'SOO'Coeden Oil ...
11000"., R. I. A P.
11800,'rurtble
40ODY R. G. . .
Ene
Fed. Mng. A Smelt.
Gaston, v illiams
Gen. Cigars ...
Ueneral Electric
General Motor .
Granby
Great Nor. Ore. .
do pfd
Greene Cananea .
Houston Oil . : .
Illinois Central .
Inspiration - . . .
lnterboro . ....
Int. Callahan . .
Int. Harvester . V
Int. Mer. Marine
Invincible OU .,
Island Oil
K. C. Southern. .
Keystone Tire . .
Lack Steel
Lehigh Valley ..
U A N
Mex. Pet. ......
Miami ..........
Middle States Oil
Midvale Steel . . ;
M. K. A T .,
Mo. Paa . ..;.,.
Moot-Ward . . . .
M. St. P. A S. S. M
at SU L. .. . .
Nat. Analine ...
Nat. Lead ......
Nevada Coo
New Haven
Norfolk AW...
Nor. Pac.......
N. Y. , Central...
Pacific Dev .
Pac, Gas & Elec
Pan A inn. Pet. .
Penna
People's Gas ...
Pure Oil
Pierce Oil-
600;Ray Cons. . . .
7310 Reading
HOOIBeplogle Steel . .
8800 Rep. L t S.....
30OjRep. Motors '.J.
22800 Royal Dutch Oil
.....By. Steel Spg..,.
IShattuck, Axix.
9400sinclair ,
15300Sou. Pacific...
14400Sou. Ry. . ....
8400J8tudebaxer . , .
. . Swift A Co.
6300
.100
400
.. 200
ieeoo
"666
600
"i666
12000
400
600
'1100
2200
5000
8100
3300
100
8400
61780
1100
''aoo
1100
2800
1400
401)
800
2600
200
600
4800
2800
16400
200
"$$6
2900
1800
1600
1800
1H
i'z"
33 W
134 4
25
73 tt
96 H
69
105
85
129 tt
71 tt
si'"
88 H
144
113
48
iitt
18
126
41tt
82
11
14
26
43
68
34
88 :
83
86
37
122
2
18
5
62
ii'
88 tt
... i
106 tt
93
43
6
8
. 'Saa Fra-oclsro Pealtry market
San Francisoo. Nov. 8. ftl P.) BroOer,
60 65c; large hens, 36 37c; beat duck, a 7
esoc i ,.
;. .'' I;- '- T - - -
ITew York Sugar and Coffee
' New York, Nov. 3. ( U. P. Sugar Rsw
easier. 8.03; refined easier granulated $10.50
12.00.
Coffee Spot No.' T Rio, 88ttc '
Santos No, 4. 11 11 X. ' "i
800
6200
1000
5700
114001
130O
1140O
7800
36500
1300
14001
86400
2800
200
600
100
1500
5700
Tenn. Cop. A Chem.
Texas Pac . . . .
Tex. Pac C. A O.
Tob. Products. . .
Tran. ContL Oil,.
I nion Oil Dt. . .
L nloa pac - . .
U. S. Rubber . .
U. 8. Smelting. ,
U. S. Steel.,...,.
Utah Copper ......
Va. Chem. .......
Vanadium Steel , . .
Wabash . . ......
Wells Fargo",,.,.
Western Pac . .
do pfd. . . . . . . .
Weafhse R. V M. .
Willys-Overland . . .
ltt
32 tt
32 H
132
25
71tt
94
58 tt
104
62
129
68
50
" 86 M
139
llltt
44
"i3
18tt
123
40 H
80
lltt
.25
41tt
66
34
'86
81
35
37
117
2
17
'5
61
'i6
85
103
92
42 tt
.
8
106105
19
83'
,6
25
13tt
56 tt
191
19
.14 tt
38tt
4
27 tt
22
87
'58tt
iitt
34
102
91
83
89
48
40"'
15
14
103
79
76
76
33
116
30
68
-
26
83
66
13T4
29
128
72
55
88
61
68
64
11
67
47tt
10
17
82 tt
5
24
13
84 W
18S
1 ,
14
37
4
27
21
85
57
iitt
32
98
87
80
..r..
87
43
89
15
14
96
77
74 tt
82
109
29
57
"9
?4
82
64
-12
28
124
70
63
87
69
63
61
66
48
10
Total sales, stocks 995.600 shares.
j.uuu sais. oonoa, 1,0S1,U00.
Bid.
. ltt
1
32 tt
74
33 V.
133 H
25
134
10
72
66
95 tt
59
104
83
100 tt
128
69
10
51
114
7 .
189
118 H
47
6
14
6tt
15
18
126
40 tt
82
11
14
25
83
S3
8
82 tt
'36
37
121
2 1
18
10
5
61 i -
139
1
28
33
. 88
28 '
104
93
42
Btt
8
106
18 -33
5
25
13
63
56
106
190
1414
38
4
27 1
22
87
18
68
74
11
33
1(11
91
82
21
63
88 ;
48;
41
89 tt
14
14 Vt
102
78
76
81 tt
76
93 tt
7
824
114
30
57 K
105
25
33
66
18
28
127
71
88
87 f
60
64
ii
56
88
70
46
10
HOGS ARE HIGHER
BUT NO
TE
HDIIRH
PORTLAND LIVESTOCK RCN
Hogs. Cattle Calves. Sheep.
Wednesday ....... 864 .. 818
Week- ago. . 419 20 10 2H
Two weeks ago 853 56 10 124
Four weeks ago. ... 421 66 .. 28
Yee ago. ....... . 188 85 .. i 43
Tww years ago. ..... 733 80 5 . 246
Three years ago.;. 958 I 76 68 1836
Four years ago.... 1024 78 . . 234
.Hogs advanced a quarter in the local
trade Wednesday morning, cattle ; were
nominally steady while sheep held un
changed. Receipts were moderate.
Top hog price advanced a quarter to $14.25
at North Portland Wednesday morning bat there
was an advance of 25 to 50c at Chicago which
carried that market to exactly the same prices
aa Portland.: , '
Considering the extremely small run of nog
In the local alleys of late, together with the
sharply higher figures in the East, the local
market has been somewhat too low and even at
this time and not high enough.
General hog market range: -
Prime mixed ;. $14.0014.25
Smooth heavy ... ..i. ....... . 18.60 14.00
Rough heavy 10.00 12.25
Fat pig .......i. 12.0018.00
Feeder pigs 10.00 812.50
Cattle Nominally Steady
While no arrivals were ahown In the cattle al
ley at North Portland Wednesday morning,
stock was due lata in the day. In the mean
time ! the market was .tonsidered nominally
steady. '.'
General catue range:
Choice steers ..............!
Good to choice steers .......
Medium to good steers. ...... .
Fair to good steers
Common to fair steers ......
Good to choice cows and heifers
Choico cow and heifers.
Medium to good cows snd heifers
Fair to medium cows and heifer
Canner,
Bulls
Choice dairy calve. ........ -
Heavy calves ...............
Best light calves
Medium light calves
Best feeders
Fair to good feeder
Sheep Market Steady
Of the 813 head that arrived In the sheep
alley at North Portland Wednesday morning.
4 84 head were direct to local killers and there
for did not enter the market. Trade condiUons
were steady. - j
General sheep and lamb range: . '
East ot mountain lambs... 89.00 9.50
Willamette valley lambs ,. 8.00 8.50
Feeder lambs 8.00 8.50
Cull lambs .......... .e 522f"S
Yearlings . 6 .00 7.50
Wethers 2215 52
Ewe 2.60 5.75
j Tuesday Afternoon Sale
No. Av.Lbs. Price, j No. Av. Lbs.
BlUEKS
9 SO
8.75
7.75
I 8 75
7.75
6.75
6.25 8.75
8.50 9 6.25
5.50
6.60
4.50
3.50
2.60
5.00
13.00 15.00
7.00 9.00
11.00 18.00
9.00 11.00
7.00 7.50
6.00 7.00
6.50
7.00
6.50
4.50
S.50
6.00
19. .
1..
3..
1. .
'ii.
l. .
8. :
1. .
," 2-;
33.,
t 8. .
4. .
8. .
1. .
8..
1..
4..
6. .
1..
2. .
13..
2..
14..
20. .
11.,
14..
4A t 7.00 I 6. . . .1165
.. 850 6.50 2... .1250
.1045 ..00 4. ... 892
, 941 , 7.00 1 1000
, . 710 6.00 82.:. ..." 815
. . 780 COO 4. ... 942
. 690 6.00 , 4 852
.1025 7.00 12.... 684
,i 940 7.50 1.... 860
,-. 800 " 6.60 9... .1014
.. 913 7.25 4.'.. .1007
..1070 6.60 1....1040
COWS
,. 867 $ 6.65
. .. 920 4.50
.1070 6.00
1 CALVES
.142 $10.00 I S
STAGS
.. 956 3 5.00 1
BULLS
, .1065 $ 5.00
HOGS
. . 172. $13.00
, . 155 14.00
, . 188 14.00
t. 181 ' 14-00
,. 310 14.00
.. 255 ' 14.00
. 184 14.00
. . 230 13.00
,. 155 12.50
. 260 14.00
,.195 14.00
,. 238 14.00
. 121 12.60
LAMBS
' 98 $ 8-EWE8.
Vy JLsO 9
,. 130 $ 4.00
Wednesday Mornlnt Sales
nous
Price.
I 7.00
8.00
7.00
7.00
6.75
6.00
7.00
5.00
6.50
7.25
7.50
6.00
1.... 690 $ 2.50
1.... 770 4.00
1....1260 6.50
15.... 876.8 6.00
1.;..1180 8.6.60
1.... 800 313.50
1.... 180 14.00
8.... 181 14.00
8.... 268 14.00
6.... 212 14.00
1,... 470 12.00
1, ... 400 12.00
2.... 155 14.00
2.... 360 12.00
3.... 133 12.50
1.... 280 12.00
8.... 85 12.50
a.... 180 12.50
No.
10. .
21..
11..
' 8..
22..
2..
19..
11..
Av. Lbs. Price.
. .. 144 $13.00
... 142
... 197
... 166
76
111
103
116
13.00
14.00
12.00
LAMBS
$ 8.00
' EWES
$ 5.00- I 20. .
3.00 1
YEARLINGS
$ 6.25 I
NOi Av. Lbs. Price.
18.
r.
232
230
14.00
12.00
135 8 4.25
Liberty Bond Market
(Furnished by Overbeck & Cooke .
High. Low.
Liberty. Stts ......... 9572 9430
Liberty. 1st 4s. ........ .... ....
(Liberty, 2d 4s. T...
I Liberty, 1st 4 s. ...... 9050 9000
Liberty, 2d 4s 8890 SHoS
Liberty. 3d 4 s, . . . . . . 9080 9052
Liberty. 4th 4s....... 8910 : 8880
Victory, 4s 9630 9626
Victory, 3s 9040 962&
Co.)
-Close.
9480
9010
8880
9026
- 8856
90t
8882
9626
9630
SOtTTHERTr SELLING HAS AN
EFFECT ON COTTON MARKET
New I York. Nov. 8. L N. 8.1 Anv bull
ish effect that the election of the Republican
national ticket might have had on the senti
ment in the cotton market at tbe onenins to
day, was offset by a renewal of southern hedge
selling on an active scale, for cables snd reports
tnat tne vote of the English miners appeared
to be I running unfavorable for a settlement.
After opening 1 6 4 1 points lower 'prices de
clined 25 point further, thus showing a - net
loss axi me ena or tn tirst 1 a minutes ot
bout 68 ponits on January. The weather dud
showed lower temperatures over the belt.
The market was irregular hi. the late deal
ing. Local ahprts were inclined to even up
snd the close was steady at a net decline of
points. , .
Spot cotton was Quiet here today 40 mini
lower at 22.10c No sales.
' 1 T5 - Open. High. Low. Close.
January ....... 2075 2090 2015 2075
February ...., ............ 2080
March; .... 2065 2065 1990 2050
April .............. ...I .... 2040
May ........... 2040 2050 1970 2030
July . 2000 2005 1933 1985
August .... 1970
September 1980 1980 1970 1950
October 1400 1925 1890 ' 1920
November ' . . 2070
December ..... . 2120 2135 2060 2112
UTILITIES HIT BV
HIGH' MONEY DATE
Public utility security issues for
the montb of September amounted
to $26,524,000. Of these issues only
two were for preferred stock issued
to yield 8 per cent, the remainder of
the Issues being short term notes and
bonds, with: the exception of three
Issues of 15, 25 and 30 year bonds,
which were sold to yield 8 per cent,
7.4 per cent and 7.7 5 per cent, re
spectively, i -,
No one of the securities was sold to
yield an amount even as low as somo,of
the issues for August from which it is"
evident that the cost of money to public
utilities still does not show a tendency
to become less, ' .
The number of Issues for September
increased over those for August and
there continues' to be a tendency .for
some long-term financing even at pres
ent high rates. This is a further indica
tion of the disposition to believe that tne
present cost of money is not likely to be
appreciably less for some time to come,
One of the factors that tends' to keep
the cost of money High is the competi
tion of foreign government securities in
our money market- ; ,
I If w York Metal Market
New York, Nov. 8. (I. N. 8.) Copper
Steady; rL- offered. 15c; Nov., 14
16cj Dec. 14 15 e; Jan. and Feb-,
14cR. .
Lead Weak. Bpot and Nov.. offered, $6.75;
Dee. and Jan., $6.45 6.55.
Spelter Quiet, Spot. Nov., Dec and Jan.,
offered, $6.90. .
Ne
Money and Exchange
York. Nov. 8. - I N. S.l Can money
on the ; floor of the New York Stock Exchange
today ruled at 9 per cent ; high, 9 per cent ;
low, 9 per cent. Time money waa firm. Bate
were 8 per cent. Tbe market for prime mer
cantile paper was steady. Sterling exchange was
easy, with business ia bankers' bills at $3.43 tt
for demand. -
HOTEL HOYT
Strictly Fireproof. Near Both Depot and
Convenient ear service to afl parts of the city.
Single Rooms Without Bath, $1 and y
'Inst Room With Bath. S2 awa m
iiiisi av hobs;
Stocks, Boads. Cotton. Grain. Ete.
816 - 817 t Beard of Trade . Balldlag
Overbeck&CookeCo.
DIRECT PRIVATE WIPES
TO ALL EXCHANGES
- Members Chicago Board of Trad ;
V CorrespomdeaU of Legaa Bryaa
; Chlcage Sow Ter ";
Merchandise Sells
Faster; Payments
Slow During Week
New York. Nov. t. The Credit Clear
ing House report of merchandising ac
tivities by wholesalers and manufac
turers for the week ending -October 29
shows ! increased actiivty in purchases,
heavier Indebtedness and slower pay
ments. In the Pacific coast section purchases
increased over the previous week and
the corresponding week .of 1918,. but were
not so active as the same week of 1919.
Indebtedness shows an increase over
all Jhree periods of comparison. Pay
ments show a noticeable increase in ac
tiivty over all three periods of compari
son. This increased payment- activity dur
ing the past week should reduce the in
debtedness to some extent, but the. fall
ing off of production in the lumber, in
terests will probably be felt as the sea
eon advances,
Series 597 and 617 ,
Of French 5s Will
Be Paid for Nov. 7
Information has been received by local
bond hOUsea that fha'finatil.l o n,rl. rsf
the French government in Jther United
DU"M mat Dy dm wing or., September
16. 1920. rinnria nt h van..wiiA A xomhaa
. -- m,i , WL'it vi r i nut..
6 per cent redeemable -national loan of
, n n . , i . . .
.v, vi me. loiiowmg series : 597 ana
fir? Kin v v,-- n j . . '
L--- vc uium lur payment on
rTNOvember 1, 1920, and will be redeemed
mi sann Brian a . a av a. mm m
-.. uaie at xne oiiice ot i
the- French traa.iirw t-. t.i. . .v.
-"- J , A A, IB I II",
' irancs per looo franc bond.
xuierest on tne bonds so drawn win
cease on November 1, 1920.' , i
Holders of the bonds of these series
may have them redeemd through the
bona house, from- n-hixh th.D
chased at the current rate of exchange
wu rans, . I
$1,000,000 Issue
Of B. 0. Bonds Is
-Featured-Offering
The $1,000,000 Province of British
Columbia 6 per cent gold bonds was the
featured offering during the next week.
Most of the local bond houses partici
pated in the loan. A brisk sale of the
Issue has been reported. -
The bonds run for a period of three
years, maturing October 25, 1923. 'The
province is one of . the wealthiest in the
Dominion, Statistics show a wonderful
growth throughout the province during
the past ten years. The assesed -valuation,
it is stated, amounts to $801,407,268,
while the net debt -amounts to , only
$36,387,552. The bonds are priced to net
the investor 7.30 per cent. Principal and
interest are payable tn New Tork City
In .United States gold coin.
Aberdeen to Have
Third gank Nov. 1
Aberdeen, Oct, 30. The Aberdeen Na
tional bank, the third banking- institu
tion to be established in this city, will
be opened for business next Monday,
November 1, under the presidency of
Charles Albertson, formerly manager
of the Grant-Smith-Porter shipyards in
this city. The capital stock is $100,000
with $25,000 surplus.
Buford E. Cuthorn, formerly of the
Merchants National ' bank of Portland,
will be assistant cashier of the new
institution.
PACIFIC COAST BA7TK STATEMltST
Portland Bank
Clearings This Week. Year Ago.
Monday ....$ 8,165,078.39 $8,603,458.38
Tuesday Holiday
Wednesday .. K.S94.157.08 6.788,109.92
Spokane Banks
Clearings Wednesday ........$ 2.544.522.00
Balances v, Wednesday 778.126.00
Tacoma Bank
Clearings Wednesday $ 1,230.742.00
Balances Wednesday . 172,680.00
Seattle Banks
Clearings Wednesday .......$ 8,163,581.00
Balances Wednesday -, . 1,416,648.00
San Francisco Banks
Clearings Wednesday ........ $31,800,000.00
Los Angola Bank
Clearings Wednesday .$19,170,432.00
San Francisco Grain Market
San Francisco, Nov. 8. (U. P.) Barley
Spot feed per cental. $2.05 2.15; shipping,
$2.15 2.27.
Kew York Cask Wheat
New York, Nor. 3. 3h wheat. 82.34 H
e. i- f . One half million bushel wheat reported
taken for export; also 730,000 bushel rye.
Canada's Great Gate
way for Its Pacific
Trade Is
Vancouver, B. C.
These bonds are general
obligations of the city.
5 A -?o Gold
BONDS-
PRICE 75.85
YIELD 7.50
Bonds due June, 1933'
Den. $500 $1000
Deposit Your Funds at
This Bank
BROADWAY and OAK
Banks Held Able. ;
- To Help Business
The National Bank of Commerce of
New York in Us monthly bulletin ex
presses the opinion that, banks are am
ply ' prepared to finance business while
it Is working out a more normal level
of prices. Commenting on this it says ;
"Business must now go forward on a
lower price ' level. This readjustment
cannot be effected without embarrass
ment in individual cases. It will be ef
fected, however, without serious general
results by reason of the inherent strength
of the credit situation and the assured
cooperation of-the banks with business."
Loan May
Be Placed in N. Y.
New' York, Oct 30. It. has been
rumored among the banks that a big
Mexican loan to. be floated by some
large bank here maybe expected around
the turn of the year. Of course sucb.
a loan would be the signal for an upturn
tn such stocks as Mexican "Petroleum,
Pan-American, Royal Dutch, American
Smelting and others with large interests
In the southern republic.
Credit Strain Peak ,
; Is ; Passed,: Belief -
i . in xinanue uiruius
t';- . - ,;' - -
Jlt is felt in financial circles that the
peak of the credit strain is over. The
requirements for crop moving are by no
means satisfied as yet, but the situation
is being handled In much better shape
than was anticipated at. the' beginning
Of the season. . . p
j There is money available foe Invest
ment for attractive offers and sohie re- .
cent offerings have been absorbed very -quickly,
with the books as a rule cloned
on'the same day theV were opened. The
public will have an opportunity, before
long to see what it' wiltdo in the way
of financing foreign tradeVhen arrange
ments shall have been completed for the
formation of the $100,000,000 corporation
io be organized under the Edgelaw."r
This" is a Droiect that has been, talked
of for more than a year, and lt?mayi
have been that the public was hot redy:
for it, but from the present temperNf
the investment market It would seem,
that there should .be little difficulty ln
carrying it through sponsored as It will
be by the bankers of the entire country.
I The bond market as a whole has con
tinued to expand In actiivty and breadth.
The railroad issues in particular have
shown unusual . buoyancy, while public
utility and traction securities have also
been taken by investors.
o ;
Washington Brokers
Fight 'Blue Sky'. Law
Olympia, Vash., Oct 80. Opposition
to, the proposed -Tlue sky" law is gen
eral among the' bankers of Eastern
.Washington, according . to J. Grant
H inkle, who has returned from a weeka
survey across the mountains. Automo
bile dealers and associations in Spokane,
Hinkla found, favor the enactment In
Washington of the Idaho law providing
for the inclusion of the personal cro ti
er ty tax in the license payment.
BUT TODAY
Get Lyceum course tickets and seat
reservations Meier & Frank's today.-Nine
big numbers $2. Adv.
t
The present issue of Edmonton 6 Gold Notes Is without a parallel
on the Investment market today. The exceptionally high yield of 9
was made possible only by the condition of the Canadian- Exchange
J
We Offer-Subject to Prior Sale and Change in Price
the Unsold Portion, City of
EDMONTON
Province of Alberta
6 General Obligation Gold Notes
Price g Subject to Change Wlthoat Ifotlce
Ml I I PRICE j J
Exempt From All Dominion Government Tax.
Dated September. 1, 1920 Due September 1, 1923
Denominations $100, $500 and.. $1000
FINANCIAL STATEMENT'
Gross 'assessed valuation .$86,605,715.00
Value' municipal property (not including public utilities) 11,035,376.00
Net debenture debt ...........i....... ...... .......$ 9,488.997.00
Revenue from public utilities (above cost of operation). : 767.773.oo
Net local improvement debt (rate payers' share).
3,046,763.00
J'
'la addition to being General Obtlgatloa Wotes, these are secured by
long-time debeatare totallsg $2tSI4,4S8.80.
. Principal and semi-annual Interest (March 1 and September 1) pay
able in Gold Coin of the United States, in New. York City arid at the
offices of Morris Brothers, Inc. t
Legality approved by Malone, Malone Long, Toronto.
Telephone or Telegraph 0rder$ at Oar Expense
MORRIS BROTHERS, Inc.
Established
Over a
Quarter
Century
"Tbe Premier Msnlclpal Boil Hoik"
PORTLAND, OR. MOnRIS BIDG.
809.11 HTAKK. BDWY. Jlil
Other Offices at Seattle, Tacoma,
Vt'ash asd Saa Fraaclsro, Cat
Capital
One
Mliiloe
Dollar
WHY BUY TAXABLE l SECURITIES
I
When you can buy non-taxables to yield as high
as .7.51. 1 y. v . ! '
Ask us for details of our Casper, 'Wyo., 6s at.
97.50 for any maturity to yield 6.35 to 7.51.
THINK IT OVER
I
CASPER
Increase of population in 10 years as shown by
1920 census 333.
Annual wool shipments 5,000,000 pounds. . .'
Standard Oil and Midwest refineries at Casper
are two of largest in United -States, coating
$7,000,000. I
Monthly industrial payroll $600,000.
Cash or partial payment plan
Ask for Circular J78.
Freeman Smith a Camp Ca
rswTwaa Saa
fsaacisee
axoro PTjOOft
NORTHWESTERN BANK BUILDING
MAIN 64S ."', r
J
HALL & COMPArfSr
Buy and Sell U. S. Government, Foreign Government, '
Railroad. Public Utility. Indattrial, Municipal
BONDS
. . ' . Quotations Upon Request
Lewis BIdfM Portland, Or. . . Telephone Broadway 960