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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Nov. 9, 1920)
aiafcJLPnt?v 16 '"-ON DAILY JOURNAL, PORTLAND. OREGON TUESDAY.' NOVEMBER 9. 1920. FLOUR MARKET ACTIVITY IS SOMEWHAT MORE PRONOUNCED Edited by II j-man IL Coben RAILROAD GROUP S HOWS GAIN : talited by Will F. Hessian IE BADLY DEPRESSED Utter lack of demand except at sharply tower prices 1 shown In ,the turkey trnde af this time along Front street. Quite liberal stacks came forward dur ing the past few; days and most of these are still held by recelversM: A corobinatfcm of ruet Round buy t reported with th col Intention of keeping; tb buying price on turkeys down to 40 "fit nound or lower for Northern deUvery. This is Hid to bt all thatitha North ii today offering her- and it looks! like the combine is effec tive for the time being at least. Whether the northern trade wttl douMeeross ifaelf as U has frequently done to the Portland trade, only the future will tell.' 1 . . That turkey price all over the country are not kkaly to prov s high, si rly forecast, is now generaUy conceded. While m mi part of the country there are report! that turkey raisers are- going on a strike and will refuse to ahip unless they aecure enormous value, euch a movement would hurt only the producers, for at the beat the public can, and will do without turkeys. . (Those desiring special information regarding any market, should write the Market Editor. Ore gon Journal, enclosing stamp for reply.) BTTTTER MARKET ABOUT STEADY Generally steady tone was shown in the butter trade for the day. I Most of the creameries are now Quoting the recent advance of 8c for butter, but soma are pacing a further premium of ic for ' fat , -, ; EGO TRADE CONTINUES RTRONG Market for eggs continues -to show a atrong tone along the street, with all good candled stock selling to retailers at 78e a dozen and selected stuff at 80c a doten. Buyers are ' freely offering 70o for current receipts. ' l-T-- ' CRANBERRY PRICE GOES HIGH With best Oregon cranberries quoted at IS a boi or 118 per barrel, the local stock is quoted as high a the eastern offerings. Wash ington stock l quoted about 60c below the Oregon puce because of damage. POULTRY SITUATION IS STRONG Tot chickens the; market ia snowing a Tery strong tone generally alnng the street, but prices are unchanged. There appear to be only s limited call (for either geese or. ducks at tha atoment. i i I e i - ' WOOL TRADE 18 NOW VERY DULL Tsry dull tone continues in the wool trade, arith coins 10c, medium 20c and fine-fleece about 25o s poundi Hides are weaker and in some instance lower. Entire trade snows a stagnant ton. . Ok . BRIEF NOTES OF PRODUCE TRADE California alligator pears offering at M doaan. Hothouse cucumbers arriving; sales $2 dosen. tireen pepper firmer at 12H 15c pound. Onions remain eery slow., with bulk of sajes ii. no.' Oottolen is 2Se a case lower. California grower advance raisins Se pound. . lemons are showing a general advance. Linseed oil lOo and turpentine 80c a gallon lower. '- ' i ) t CHEESE MARKET IS ADVANCING Tillamook has advanced the price of cheese 1c a poun there and this has likewise been named by the local! wholesale trade. The new selling price of triplets at Tillamook la 20c a pound. t .i I . e , WEATHER NOTICE FOR SHIPPERS .- Weather bureau dvises: Protect shipment during the next; 8ft hours against the following - minimum temperatures: Ooing north, 86 degrees; northeast over 8. P. A B. R., 80 degrees; ieaat to Baker, 24 degrees, and .south to Ashland, 80 degrees. Minimum temperature - at Portland Tuesday , about 88 decrees, : : j WHOLESALE PRICES IN PORTLAND CMAJUCET BASKJET RETAIL PRJCEJ. i , .." , t 1 By Hyman H. Cohen The public Is not getting any of the benefit of the extremely low price reached for live hops In the stockyards a few weeks age. While some of the re tailers cut the price of fresh pork from 5 tolO cents a pound from, previous fig ures, they were . unable to make any concession whatever In the price asked for ham, bacon or lard. 1 1 i These values are more or less con trolled by the big packers and they have not reduced their values at all to the re tailer despite the fact that they com pelled the producer to sell his hogs for much less money than formerly. Now with live hogs advancing, the packer will have a very good alibi for not reducing" prices. Hogs are advanc-. ing, therefore we cannot lower the price of our products. The fact remains that when hogs were at the low point pack4 era forgot completely that such a. thing had occured so far as giving the public any of the benefit Packers have tried to place the blame for the high cost of meats at the door of the retailer but the latter cannot pay extreme prices to packers and sell to consumers for less. The following prices ruled generally in retail shops for good quality. Some values are frac tionally higher and inferior stuff fractionally lower: '. Butter Best creamery, 6068o. ' Eggs i'eth laid, 80c doien; ordinary fresh, 75 & 85a per dozen. ' . Poultry Chickens, dressed, 40 50c per lb. Fish Salmon, 15 30c lb.; halibut. 30 35c per lb. Flour Best local patent. 13.00 8.25 per sack, 49 lbs. Potatoes- Rnrbanks. 2 hk e. Onions -Oregon, 2 He , i ; Banks Are to Back Wheat Growers in -Holding for Eise Walla Walla, Wash.. Nov. 8. Farmer of j Walla Walla county have sold, practically no wheat during the last month and will be backed by the bankers of this city in their efforts to hold their crops until prices rise to a profitable level, as it was learned here last Saturday. This means that between 4.000.000 and 5,00(0,000 bushels bt wheat will be held for aa indefinite period;' j- I' 1 The fanners of this section announced! their Intention to hold their crops for better prices some two weeks ago and the officials of the financial Institutions, who early in Jnjja an nounced their Intentions of holding thfir re sources for the farmers nntil they could harvest their grain, have decided to extend that credit for a longer perior, wherever possible, realizing that at present prices the grower would have to sell at a loss. ! When questioned as to the probable effect that their holding would have on the wheat market, fanners' were , of the opinion that other farming communities are doing and will con tinue to do the same- thing and that ultimately the prices must come up to what they consider a proper level. It was thought by many that so rue of the farmers might be compelled ;to sell by January 1, but these are considered to be so few in numbers that their sales will not affect the situation materially. Rumors that large acreages of grain have been left standing in Walla Walla county because of. the lowering in the price of wheat are said by County Agriculturist W. 11. Talley to be unfounded. Mr. Talley states there is a little in the Snake river section that ia left because the heavy rains of the early fall atarted it to sprout on the stalk and therefore made it unfit for anything but stock feed, but says that this is hardly an appreciable quantity. OUTSIDE EXCHANG E NORTHWEST GRAIN RECEIPTS (Reported by Portland Merchants' Exchange.) ' Cars Wheat. Bar. Fir. Oats. Hay, Portland. Tue. 41 8 i8 .... 17 Year ago 25 ; ... 28 1 1 Season to date. 67 15 79 .298 227 693 Tear ago 4307 113 1634 289 725 Tacoma, Mod., 23 2 ... ... Tear ago.... 52 , . . .I.' ... 4 Season to date. 2 670 37 863 66 380 Tear ago.... 2952 54 . .. 104 418 Seattle, Mon. . . 23 ... k j. . ... Tear ago. 1 Season to date. 2469 184 140 144 832 Year ago 2528 129 820 319 626 PORTLAND IS DEMORALIZED "While all other centers are naming quotations, the Portland Merchants' Ex change association was so I demoralized that for the third day no prices were named on wheat, : ,a further sharp break In ; the price of "floor Is dae here in answer , to tb lower price named for wheat. On the basis of the Chicago market, floor should drop nearly $3 per barrel. Millers say that little wheat has been pnrehased at the extreme low price level, therefore floor price rednetlons will not be so acnte. :. These are prices retailers pay wholesalers, ei ept as otherwise noted : ,' Dt.lry Product ". BUTTER iSellinsj price, box lots: Creatn V.ry, aitra, parchment wrapped,. 06o per lb. Jobbing prices; Cubes, extras, 51c lb.; Airy, toying price, -35c p lb. BUTTERFAT Portland delivery basis, 55e A grade; 62c B grade; country station, 48(g) lc per lb. I , ; OLEOMARGARINE Best brand, "ale; ordi nary, 83 He; bakers, 33c; nutmargarine, 1 lb. cartons, 22c ; CHEESE- Selling price: Tillamook, freth ' Oregon fancy tripletts, 82c per lb.; Young Amer : icaa, 88c lb. Prices to jobbers, f. o. b. Tilla mook: Triplets, 29C; Young Americas, 30c. helling price: Block Swiss, 4 8 4 Uc ; limburger, . 40 42n per lb. . EGG 8 Buying' price: Current receipts, 70c per do. ; candled, selling "price, 78c; select, 80c per dosen, I IJTVE POULTRY Selling price-Jleavy hens, SO (8 Sle per lb. : ' light bens. 22c per lb.; snrina-. ht. 28 30c: heavy. 24 26c; old "roosters, 1214c per lb. : turkeys, live, 85c; dressed. 40 j 45c; ducka, 40c. Freeh Vegetables and Fruit FRESH FRUIT Oranges, 112.00 box; bananas. 12 H (ft 13 He lb.; lemons. 85.75 06.50 a crate; grapefruit'. Florida, S8.B0 . 9. 50; California. $6.50: peaches, I2.00 " 2.60 per box; pear. 12.75; Tokay grapea, 15c per Tb. i APPLES New, 11.00 4.00. , DRIED rRUlTS Dates. Dromedaries. $7.85; Fards, 14.50 per box; figs, 3.504.00. r ONIONS Selling price to retailers: Local. $1.73; association selling price, ear. $1.25; California onions, $1.259 1.75; garlic, 20c per lb.; green onions, 45c per dosen bunches; onion sets, 12c per lb. , POTATOES ' Selling price; Oregon fancy, $1.75; sweet. 4iS4Hc per lb. BKRRI8 Huckleberriea, 1820c lb: cran berries, local, $5.60 8.00 box; eastern, $18.00 19.60 per bbl. i VEGETABLES Turnips. $2.75 per sack; ; earrota. $2.00; beeta. $2.00; lettuce. $4.75 per crate; cucumbers, $1.50 sack ; tomatoes, Cali . fornia, $2.25 j2 50 gj egg plant. 4(c: broc coli. $1.50 00:i SeTl peppers. 12 Vi 15e lb.; celery, fie (S 85c doz.; string beans, 4 6c . - per lb. ; Hubbard' squash, 1 2c per lb. Msst and Provisions COUNTRY -MKATM Selling price Country liogs, 20i21e per lb. for top blockers; heavy, 14)16c; veal, 20c: heavy veal. 1012& SMOKED MEATS r-Ham. 4246o per lb.; ' breakfast bacon. 33 56c; picnics, 27o per lb.; ottage roll, 36e pr. lb. UAKI Kettle rendered, 29 He lb.; Cere compound, . av h e. Fieri and ahslrnsli FRESH FISH Salmon, fresh Chinook, 20c per lb ; halibut, fresh, 24a lb.; sturgeon, ); llaak cod, 10 11a lb.; kippered salmon, $2.50 per 10 lb. basket; kippered cod, $2.85; razor clams, ( ); crabs, $2.75 3.73 doaen; ling cod, 68e par lb. ' OYSTERS Eastern, per gallon, $5 00; New .Low Levels Reached for Wheat In Chicago Trade . ! , " 4 ' Chicago, Nov. 9. I. N S.) A report from Topeka, Kan., that the Kansas state bankers were considering the call ing in of all loans beyond, the legal re serves caught grain prices in the midst of a fair rally about noon and prices slumped sensationally. All grains reached new low levels for the session and about lowest prices for the past four years. Liquidation was on in wheat with values dropping over 10 - cents from the high point of the session. Resting prices for December wheat were at declines of 6 to ;7MsC, March lost 7c, December corn declined ZCdZc, May 283c and July 3c ' December oats lost 2Vc to 2c and May 2c to 2V4c. Provisions were under pressure andclosed at sharp de clines.1 i Den. Mch. Dec. May Dec. May Dec. May Dee. Chicago ranges by United Press: WHEAT i Open. High.; .. 185H 188H; ... 183 H 184H; CORN . . j 81 H 81 T4? .. ' 854 86H; OATS ,. 51 62H 57 H 57 H RYE 15714 159 .. 149 150 BARLEY 88H 88H PORK Ixw. 177 175 !774 82 49H 55 j 152 4 143 14 ;8 Not. Jan. ; Not. Jan. Not. Jan. 2400 1S.10 1560 Cash Wheaf- hard, f 1.8014 1315 No. 2400 LARD 1850 1565 Ribs . 1315 2 hard. 2375 1825 1540 1305 Cloae. 178 175 78 83 49 i 65 H 158 143 14 86 2290 2375 1827 1540 1400 1805 $1.8814 ; No. 3 No. 3 spring. $1.8814. Crop Figures 'Are Very Close Together Prank L. Kent, United States agricultural statistician for Oregon Tuesday gar out an estimate of the Oregon 1920 wheat crop at 21,700,000 bushels. ' On August 15 Hyman IL Cohen, Journal crop statistician, placed the Ore gon crop at 22.195,000 bushel. Mr. Kent' estimate of the crop compared favorably with previous government figures, the 10-year average production of wheat In the state being placed at 17,622,000 bushels. SUGAR Nominal prices, refinery basts: Cube, $18.85; fruit and berry. $12.00; D yel Wr $11.40; granulated. $12.00; extra C. $10.80; golden O. $11.50. i HONEY .New.' $7.00 7.50 ease; bulk. 18c par tb. i- RICE Japan style. No. 1, He; New Orleans head, ( ); Blue Rose, UH(sHs4c per lb. . SALT Coarse, half ground, 100s, " $17.25 per ton; 50s, $18.75; table dairy 60s, $27.25; balsa, $8.800 4.00; fancy table and dairy, 884.50; lump rock. $26.60 per ton. BEANS Sales by Jobber: Small whlta, 6e lb.: large white, 6c; pink,. 7e per lb.: limas. IPe: bayou. 94e; rds. 7 He: Oregon beans. baying prices, nominal. CANNED MILK Carnation. $8.00; Borden $6 00; Astor, $5.90; Eagle. $12.50: Libbj. $8.90; Mount Vernon, $5.90 per ease. .COFFEE Roasted. 25 40c in aacka or drums. SODA CRACKERS In bulk. 18e per lb. -NUTS rWalnnta. 23 0 26c per lb.; almonds, S7H28c: filbert, 82c in sack lots; pea uta. .14 H 9 15c; ; pecans. 25c; Braaila. 85c Llterpool Cotton Qnlet Urerpool, Nov. 8. I. N. S.) Snot cotton opened in limited irequrat Prices were steady. Sales. 6000 bales! Amn. ' mids, 2025; good (aids., 1750; full; xnids.. 1650; mid,, 1525; : low niids., 1145; food ordinary, 860; ordinary, 760. Future opened steady, -yew York! So gar and Coffee New York, Nor. 9. (U. P.) Sugar Quiet Raw, $7.52; refined, quiet; granulated, $10 50311.00. ! Coffee Spot No. 7. 3 e; Santos Nov 4. 11 11 lie. ' - - - Wheat trade is still stagnant In Port land with the Merchants' Exchange as sociation here unwilling to name . a definate price basis. Some time ago actual business on the Portland Mer chants' Exchange practically ceased and while there is no understanding that no sales are to be made there for wheat, still nothing is accomplished on the floor of the exchange. When trading is to be done the members go outside of the exchange to do it in fear that the public will discover, the actual market if sales are made on the exchange. Quite fair pickup of flour sale Is shown with outside point. Reports indicate that shipments to the Atlantic coast from Portland for the Isst month reached about 15,000 bar rels or practically the same aa during the pro ceding period. While just at the moment South American business is limited, liberal orders are expected as soon aa tha wheat trade in this country is settled. Reports indicate that some of the mills are cutting millrun to $49 a ton, a loss of $1, but the general price remains: at, $50. Belling price, mill door. Patent. $11.00; Montana spring wheat. $11.40; Willam ette valley brands, $9.00 9.50; local straights, $9.10; bakers' local. $10.25 10.50 ; graham. $9.20; whole wheat. $9.40. Price for city de liveries 15c extra; suburban, 20c extra. HAY Buying price, nominal. Willamette timothy, fancy, $28.00 30.00 per ton ; clover, $20.00; cheat, $23.00: straw. $11.00911.50: grain, $25.00; alfalfa, $24.00 per ton. GRAIN SACKS Nominal. No. 1 Calcutta, 10(3 10 He; domestic. 11c, in car lots; less amounts higher. M1LLSTCFFS Mill run at milL sacked, $48.00. OATS Per ton. buying price. Feed. $42.50 45.00. ! BARLEY Buying price: Feed. 845.00: milling, $46.00. . SEED Buying price. Nominal: no demand. Red clover, recleaned. ( ) pet lb. ; alsike. ! ) ; vetch, ( ). I FEEDSTUFFS F. O. B. mills: Rolled bar ley, $56.00; alfalfa meal, $36.00; cocoanut meal, $50.00; soy bean meal, $68.00; linseed meal, $81.00; cracked corn, $60.00; wholel corn, .$57.00 ton; scratch feed, $74.00; whole! oaw, caz.oo; rolled oats, $54.00 per ton. ROLLED OATS Selling price, $11.00 bbl. Merchants Exchange bids: WHEAT STOCKS BREAK IN NEWYORKMARKET New York, Nov. 9. (L N. S.) The stock market suffered r a severe break today, losses ranging from 1 to over 10 points. The selling movement started In the early afternoon and continued un abated up to the close, when many is sues sold down to the lowest figures of the year. There was no special reason for the sensational decline, although the tight money situation and the depres sion In business throughout the country were generally assigned as the reason for the break. Call money rose to IX) per cent in the final hour, which helped along the decline. 4 Furnished by Orerbeck 4V Cooke Co., Board of Trade building : Stock. I High, j No bids. No. 2 whit No. 2 gray . Brewing Feed FEED OATS BARLEY No. 3 eastern (bulk! i No. 3 local (bulk) CORN Nov. 4400 4000 4500 4400 . .42 50 50 Dec. .4400 4000 4500 4400 3900 4000 AMERICAN LIVESTOCK PRICES Chicago Hog $13.76 Chicago, Nov. 9. (L N. S.) Hogs Re ceipts, 3800; mostly 50c lower. Bulk. $12.75 13.50: top, $13.75; heavyweight, $13.00 13.50: medium weight. $13.15 0b 13.60;' light weight, $13.00 13.60; light light. $12.90(3 13.35; heavy packing sows, smooth, $12.60 12.75; packing sows, rough, $12.00 12.50; pigs, $12.75 13.75. . Cattle Receipts, 1700; slow to 25c lower. Beef Steers Choice and prime, $16.00 17.50; medium and good, $10.75 16.00; light weight. $13.50 & 17.25; good and choice. $13.50 17.25; common and medium, $8.00 13.50. Butcher Cattle Heifers, $5.60 13.00; cows, $4.75 11.25; bulls, $5.35 10.50. Canners and Cutter Cows and heifers, $3.504.75; ranner steers, $4.256.00; reel calves (light and handy weight). $13.00 15.00; feeder steers, $7.25 11. 50; stoeker steers, $5.00 9. 25; stoeker cows and heifers. $4.75 7.60. Western Range Cattle Beef steers. $9.00 13.50; cows and heifer. $5.75 9.75. i Sheep -Receipts, 18,000; slow. Lambs (84 lbs. down), $10.75 12.75; lambs (culls and common), $9.00 10.60: yearling wethers; $9 00 11.50: ewes. $5.50 6.75: ewes fruits Land common), $3.00 5.00; breeding ewes. $5.758.25; feeder lambs. $11 50 13.00. Kansas City Hogs $13.26 Kansas City, Nov. 9 (L N. E.) Cattle Receipts. 18.500. Moderate. Steers, $11 15. cows and heifers, $6..r013; stoeker .and feeders. $8. 50 14; calves,. $9 13.50. Hogs Receipts, 12.500. Slow; Bulk, $12.75 913.15; top, $13.25: heavies. $12.75 13.25; lights. $12.75 13.00; medium$12.75 13.15. Sheep 000. Steady. Lamb. $12.50 13.25;' ewes, $6 7.25. Denver Hogs' $14.25 Denver. Nov. 9. (U P.) -Cattle Re ceipts. 8800; lower. Steers, $8.6011.00: cows and heifers. $6.25 8.00s stockers and feeders, $7.50 9.50; calves. $10.00 13.00. Hogs Receipts. BOO; 25S lower. Top, $14 25; bulk, $ 12.90 13.75. ! Sheep Receipts, 8000; steady. Lambs, $1 1.00 11.50: ewes. $5.00 6. 00; feeder lambs, $11.25 12.25. j Agr. Chem Alanka Gold Alaska Juneau Allia-Chalmera Am. Can Co , Am. Car & Foundry Am. Cotton Oil ....... Am. Intl. Corp, Am. Linseed Am. Locomotive do I'fd Am. Smelter Am. Steel Foundry .... Am. Sugar . .' Am. Sumatra Am. TeL &. Tel Am. Tobacco Am. Wool ........... Am. Zinc ........... Anaconda . . Assd. Oil Atchison Atl. Gulf A W. I Baldwin Loco. ........ Balto. ft Ohio Beth. Motors . Booth FUh B. R. T . Butte C. A Z Butte A Sup Caddo Oil Canadian Pacific ...... Central Leather ....... Chicago i N. W. Chicago Gt. W Chili Cop Chino , C, M. St. P. C. & O : Colo. F. A I. , Colo. Southern ....... Col. Gas A Elec Con. Gas Corn Prod , Cosden Oil Crucible Cuba Cane . . . Dome Mines D. A R. G Erie Fed. Min'g A Smelt. . . . , Gaston Wms. General Cigars (Jen era! Electric ....... General Motor Granby Great Npr. Ore....... Great Nor. pfd ........ Greene Cananea Gulf S. Steel i Houston Oil Illinois Central ....... Inspiration Interboro Int. Harr s Int. Merc. Marine Int. Nickel .' Int. Paper , Invincible Oil ........ K. C. Southern bennecott . ; . , I.ackawana Steel Lehigh Valley Louisville & Nashville . . Mexican Petroleum . . . Miami Middle State Oil . . Midvale Steel ; . . . i . . . Missouri Pacific ....... Mont, Ward ......... Nat. lAnatine ........ National Biscuit National Lead ; Nevada Cons. New Haven . Norfolk i Western. . . . Northern Pacific Nova Scotia Steel New York Air Brake. . . New York Central .... Oklahoma Product ref . . Ontario & Western .... Otis Steel . s . . . . Pacific Dev. . Pacific Gas ft, Elec Pan American Pet. .... Pennsylvania People Gas ,. Pure Oil . .'. Pierce Oil Pressed Steel Car Pullman Ray Cons, .......... Reading Replogle Steel llepubhc I. A S. ..... Royal Dutch Oil .Railway Steel Spring. . snattucg. Ariz. ...... Sinclair Southern Pacific...... Southern By..,. ..... Stromberg Carb Studebaker .......... Swift A Co. . Tenn. Cop. & Chem . . . Texa Oil ........... Texas Pacific . . . ... Texas Pacific C A O. . Tob. Products Tran. Cont Oil Union Oil Del. Union Pacific U. S. Ind. Alcohol . . . U. S. Rubber U. S. Smelting V. S. Steel Utah Copper i . Va. Chem. Vanadium Steel ..... Vivandou Wabash ...j... Wells-Fargo . Western Pacific ...... Western Union Wtinghouse E. Willys-Overland FOREIGN EXCHANGE RATES Corrected daily by the foreign exchange de partment of the United State National bank. Opening nominal rate oa bank transactions: Draft . Cable Par London Checks. Transfers. Value. Lbs. sterling. $ 3.3 5 "4 $ 3.36 $ 4.866 Paris Francs. . 5.77 5.78 19.30 Hamburg-Berlin COTTON PRICES IRREGULAR 'AT NEW YORK OPENING New York, Not. 9. (L N S.) Th cot ton market was irregular at the opening to day. Initial Drices showing an advance of 11 points to a decline of 4 points. Selling by spot houses early waa absorbed by Wall street interests and professionals, who were buying on prospects of a general squeez in the South within the next day or two. The market thus acted barely steady after the openine. but waa -nervous. . Some reports from the South told of increased offerings, but offsetting i this ' foreign exchange was steadier. At the end of the first 20 minute the. market, although active, had not changed materially from initial levels and ruled about 13 to 20 points under lsst night's close." The market was weak in the last hours, price at ne time showing net losses of 72 to 97 points, under heavy selling by Wall street, and liquida tion by early buyers. The close waa weak at a decline of 45 60 points lower at lli.no. No Dried Fmlt and Beans New York. Not. 9. (I N. S.) Besns Market dull. Marrow choice, $9.00 9.25: pea choice. $5.50 e.no. . Dried Fruit Market weak; apricots, extra chotc to fancy. atfisJOc. ,;,;.,, , prune to fancy, 0 12 He: prunes, 30 to OOs, 14 H 20c; do I 60s to 100s, H lie: peaches, extra choice to fancy. 18 21 He: : Seeded raiaina, chotc to fancy. 23 H (S 25c Month- Jsn, Feb. March April May ..j.. iune , . . . . July j.... Aug. ..... Sept. . ... Oct. ..... Nov. IXc, , . . . . . Open. 1903 .. 1865 1846 isis 1800 i860 High. Low. J Close, 1945 1820 ! 1831 U. . . ! 1825 1915 1903 i 1815 " 1811 1892 1790 1795 . . . 1700 1850 1750 1750 1740 1750 1750 1740 1800 , 1722 1743 : 1865 1990 : 1870 1880 7(STal Store Market New York. Not. ft. (I; N. 8.)-"-Turrien-tin- slasannah. , 1 12; New York. $1.20. Rosin -, Savannah, $11,60; - - New York, SI. ! a DAIRY PRODUCTS OF THE COAST - ! : . ,. 8 an Franclsoe Market. ' San; Francisco, CaL, Not. . (TJ. P) Put torExtra 57c, prim tint. 55 He, firsts "Eggs Extra 89c, extra pulleta 76c. under sized pullets 67c Cheese California flats, fancy, 83c: firsts 25c ;! I -" Seattle Market. Seattle. Not, 9. (U. P.) Butter City creamery ruhes 55e; bncks 6 Sc. Kggs Fresh ranch 7oc, pulleta 60 62c Cheese 3233c -. Milk $3.S5. Marks Genoa Lir Athena Drachmae Copenhagen- Kroner . . Cbristiania Kroner . . Stockholm Kroner . . Hongkong Currency Japan Yen Shanghai Taela 1.13 3.86 .23 13.10 18.05 18.65 69.00 60.50 1.13 3.87 9.35 18.20 18.15 18.73 69.60 50.75 S8.81 19.30 19.80 26.70 26.T0 26.T0 48.84 & M. 75 724 ' ' - " ' 'io' 'ik' 2814 27H 181 127 H 2314 22 6514 61 H '92 H 89 H 'sin "si" 35 3314 1014 97H 81H 771 100 H 99 120H 116H 62 60 50 " '-isW "88H 86H 128 123 108 "4 102 H 4614 43H "l3H HM 614 6 16 15 16 16 H 124 14 120 H 40 39 81 7914 1014 9H 14H 13H 24 24 H, 42 39 H 6814 66 31 30 H '8714 86" 77 H 76 36 H 35 H 114H 109H 3114 29 H " 17 14 io" ' ' 'iii ' 4H 59 58 137H 136H 15 H 144 S2H '32" 88 H 85 4 25 H 24 42 89H 97H 91 92 91 40 H 40 i02 ' 09 16H 15 16 18 58 56 5 5 ! 23 22 22 22 60 57 H 53 51 177 iee.' " i3" 12 .16 35 25 25 20 H 20 56 55 li 'ii'14 ii" 31 29 98 97 92 88 38 37 93 I 89 81 79 3 8 22 21 19 19 81 '75 43 42 41 38 38 38 13 13 94 91 H 109 108 13 13 100 4 71 68 72 69 70 68 91 H 89 7 5 28 26 115 110 28 27 59 65 56 58 104 103 '48 '46 25 23 28 27 62 58 11 10 26 28 126 124 75 73 69 67 52 CO 84 83 58 66 48 48 47 45 11 1. 10 10 k" 36 88 88 46 45 9)8 HI Total sales, stocks, 1,175,000 share. IS ABOUT STEADY PORTLAND LIVESTOCK RUN Hoc. Cattle. Calves. Sheep. Tuesday ........... . 84 80 237 Week ago 100 109 70 2 weeks ago.... 10 35 4 .... 4 weeks ago.... .... 403 Year ago . None 2 years ago..... 133 22 40 440 5 years ago. . , . . 4172 1889 126 2152 4, years ago..... 725 64 1 . ... Combined with Monday. Low. I Bid. 75 1 1 28 27 127 22 61 64 89 101 - 64 33 98 77 100 118 61 49 110 86 H 123 102 43 3 6 13 6 15 16 20 39 80 '9 13 24 39 66 31 30 54 86 76 35 09 20 12 1 16 9 4 58 t 137 14 28 32 85 24 30 91 91 40 5 100 16 16 56 5 22 22 58 51 103 166 19 12 35 25 20 55 It 101 72 11 29 97 89 37 89 79 3 21 19 23 66 75 42 38 88 13 92 108 13 95 69 69 69 89 S 2 110 27 56 54 103 9 46 23 27 t 59, 10 28 1 124 73 67 50 8 56 48 45 11 10 50 36 88 14 46 8 Only four loads of livestock came to North Portland for Tuesday's market, the only arrivals in the hog alleys being sothe driveins. No price changes Were shown for the day. In the hog alleys the trend of the trade ap pears to be quite firm at full advanced prices. There was not a single carload available for the Tuesday trade and quotation were scarcely given a test. General hog -market range: ' Prime mixed $14.60 15.25 Smooth heavy ; 14.00 14.50 Rough heavy 10.00 13.25 Fat pigs 12.00 14.00 Feeder pig 11.00 13.50 Cattle About Steady At the reduced prices quoted Monday the market for cattle appeared about steady in the Tuesday morning trade at North Portland. Only a - small run waa shown and prices were on chanaged. General cattle range: Choice steers $ 8.50 9.25 Gocd to choice steers 7.50 8 50 Medium to good steers........ 0.60 7.50 Fair to Medium steer 6.00 6.50 Common to fair steers 6.25 A.00 (rood to choice cows and heifer. 5.25 6.25 Choice cows and heifers 6.25 7.00 Medium to good cows and heifers 4.25 6.25 Fair to medium cows and heifers 3.25 4.25 Canners . . 2.50 8.25 Bulls i...... 6.00 6.00 Choice dairy calve 13. 00 15 00 Hery fcalTes , 7.00 9.00 Best light calves 11.00 13.00 Medium light calves 0.00 11.00 Best feeders' 7.00 7.50 Fair to good feeder 6.00 7.00 Poor Quality Sheep In the sheep and lamb alleys the bulk of the arrivals for Tuesday appeared to be of rather poor quality. Demand in general was steady but lack of quality held sales below extreme figure. Total run for the day was but 327 bead. Creneral sheep and lamb range: East of mountain lambs . ...... Willamette Talley lambs Feeder lamb Cull lambs Yearlings Wether Ewes Monday Afternoon STEERS INDUSTRIALS! SINK FAST ON EXCHANGE ! ... : u y Standard declares Dividend the regular quarterly dividend of $3 was Neodesha. Kan., Nov. 9.-KL N. &) today declared by the "Standard Oil An extra dividend of $3 in addition to Company of Kansas. . By 3roadan Wall New YiBTk. Nov. I 9. Dealings In the I stock market were featured Monday by another sinking spell of the industrial groups and retrench ing by the rails. .- j " Weakness In the industrials was most pronounced and commission houses were heayy sellers throughout the session at the -expense of prices. Quite a number of fctop loss orders, which Have been standing on the books of the commission houses for months, were executed and helped to accelerate the downward move ment. Losses in the industrial depart ment ranged from 1 to 5 points and car rier! many issues to new low records for this! movement if not of the year. The price of industrials is now below the i average low figure reached on the break in August, Liquidation of this group was urgent and the low figure es tablished caused many brokerage .firms to send out margin calls following the close of business today. The railroad group was relatively strong and at times during the session showed fair gains but the pronounced weakness of the industrials had a sympa thetic influence on the rails. Southern Pacific was a tower of strength through out; the session. ! In1 the absence of favorable develop ments over Sunday the market opened heavy with industrial issues offered freely. Rails displayed a steady under tone and led in two feeble rallies, one in the forenoon and one around 2 o'clock, hut. the heaviness of industrials was so oppressive that the general list sagged and, the lowest prices of the session were recorded in the last half hour. .$9.5010.fM . . . 8.50 a im . .. 8.00 . .. 5.00 . .. 5.00 . .. 6.00 . .. 2.50 Sales 8.50 6.00 7.50 6.50 5.75 .98 The market closed higher. up 4c; franc. .0585, up up 0004: marks. .0116. up .0007: Canadian dollars, .8976, off .00025; cables, .0342. .94 Sterling, $3.37 . .0010; lire, .0341. POTATOES ALONG THE COAST Seattle Market Seattle. Nor. 9. -(U. P.) Potatoes Ya kima Gems, per ton, $43.00; local. $35.00 86.00. i San Franelaeo Market San Francisco, Not. 9. (U. P.) Potatoes River white. $1,75 2.25; Salinas, $3.00 ; sweets, 2 3e. Onions Yellow and white, 75 90c; austra lian brown, 75c $1.10. New York Metal Market New York, Nov. 9. (I. K. 8.) Copper Weak. Spot and November, offered, 15; De cember. 14 15; January, February and March, 14 15. Lead Weak. Spot. NoTember, offered. 6 ; December and January, offered, 6.60. Spelter Quiet. Spot, November, December, offered, 6.80; January, offered. 7.00. New York Wool aad Hides New York, Not. 9. (L N. S.) -Wool Market unsettled. Domestic fleece, XX Ohio, 82 60c; domestic, pulled scoured basis, 30 80c: domestic, Texaa scoured basis, 60c $1.10. Hides Market dull. Natire steers. 19 20c; branded steers, 17c, Liberty Boad Sales Furnished by Ovsrbeck liberty, $..., Liberty, 1st 4s. . , , Liberty, 2d 4a..., Liberty, 1st 4 a., Liberty, 2d 4 . . Liberty, 8d 4a., 1 Liberty. 4th 4 a. , ' Victory,, 4s Victory. ... . A Cooke company: High. J Low. Close. 9510 j400 8670 650 8946 8910 8780 8658 9032 8990 8810 9500 8900 8650 8902 8660 8992 9636 9624 9633 9633 8700. 8710 9630 9630 PACIFIC COAST BANK STATEMENT Portland Bank Clearings This week. Year ago. Tuesday ....$ 6.198.087.90 Holiday. Spokane Bank Clearings Tuesday , . .$ 1.894.777.00 Balance 607,352.00 Seattle Bank Clearings Tuesday $ 5.056,516.00 Balance. 1.472.505.60 Taeoma Banks Clearing Tuesday ...$ 967,528.00 Balance 93.989.00 San Franc Isoo Bank. Clearings Tuesday $26,800,000.00 Lo Angola Clearings Tuesday $13,977,585.00 New York Batter and Eggs New York Nov A (T M n 1 nnu f . Vf f i m f . a A O DI. ..... - ".- . . i j , cum, ttipoac; creamery, firsts, 48 63c; : creamery, higher scoring, 64 67c; state dairy, tub. 87 62c: renovated, extras. 46 47c Cheese Market steady. State, whole milk, specials. 24 28c; whole milk, fancy, 22 25c; lower, 20 22c; Wisconsin, whole milk, Fancy Young Americas, 28 c; state, skim, specials, 18 20c; skims, choice. 1517c; skims, to good, 12 14 c; lower, 10c Eggs Market irregular. Nearby white, fancy, 96 98c; nearby brown, fancy, 86 90c; extra, 83 85c; firsta, 74 77c Onions Still Out Beaver-ton. Or.. Not. 9. Robert Johtwia Son, onion growers, report two carloads of onions "in the field," with ao much Inclement weather this autumn It hi been impossible to properly cure onion on th beaTerdam. With 16 carloads in the onion house, they expect to get the balance liar vested this week, provided fair weather continues. Onions still in tha field November 8 is a new record tot this secQon. - New York-London SBver, - New York, Not. 9. (L N. S. ) Commercial bar- diver today was quoted: Domestic un changed at 99: foreign unchanged at 80 c London. Not. 9. (L N S.) Bar silver was d higher today at 63 d. oi. Are. lbs. Price. N o. Are. lbs. Price. i-3 ... 876 $ 5.00 2 890 $ 5.00 ,2 925 5.00 4 890 5.00 .2... '.1050 ,7.50 2 1025 7.50 27..ii1018 7.75 25 1140 7.60 21. ...1013 7.50 5 1214 8.25 19..,. 1123 8.00 7 1044 7.00 3.. .. 1126 6.00 23 1073 6.50 25..,. 1172 8.85 89...". 854 6 75 27.,.. 916 7.25 24 1155 8.25 25.. ,.'1046 8.75 28.... 1025 8.25 17. ...1346 9.25 3 1353 8.00 2..,. 970 7.00 25.... 1185 8.25 8. ...1022 7.50 12 904 7.60 4 597 6.00 2. . . .1010 7.25 3. ...1479 9.25 13 1127 8.75 11.... 1180 8.75 2 1110 8:75 3.. ,.1063 6.75 18 1066 7.50 3. . . . 903 6.75 2 970 6.75 2 1080 6.75 2 1035 6.75 4 1032 6.50 2 940 5.50 S. ... 900 6.75 2... 7. . . P !;;; it'.'.'. i. . . 12. . . ... 2-. . 4. .4 23. 21. . 2. . 17.. !- i- V;'. 8. . 28. . 17.. 41.. 83. . 8. . 2. . f " i . . ?:: 7. . 18. . 19. . 6. . .. I.. .. 6.. k.. j. . 2. . 1. . 1.. 21.. 10. . 1., 7., 8. 6. 5. 1. 15. . 1. '" 1 . 12., 83. , 30. 4. . 4. 25... 17. . 20. .. 29... 20. .j. 81... . 837 . 955 .1090 . 855 .1157 .1024 .1090 .1046 . 1005 .1125 , 900 . 1220 . 984 .1026 . 920 . 987 .1003 . 893 .1090 . 975 , 920 850 .830 .1015 . 988 ; o6 . 985 . 843 .1065 ,556 .1623 . 770 . 852 . 410 , . 380 , . 350 . 210 . 237 . 331 . . 430 . . 380 , . 300 .. 130 .. 198 ,.1340 . .1550 . .1110 . .1470 . . 1000 COWS 8.25 6.65 4.00 3.00 6.50 7.00 7.00 6.25 5.00 6.25 4 75 7.00 5.60 5.60 5.60 6.50 6.50 6.50 6.00 8 75 4.85 5.50 3.50 5.00 5.50 7.00 6.00 5.50 6.75 6.33 4.00 6.85 4.00 4. . 8. . 2. . 2. . 2. . 1 . . 2. . 11. . IS. . a, . . 36. ... 4. . . . is! ; ; 2 . . , s" . 57... 4. . . 11. . , 2." ; ; 4. . . 4. . . 55" ! ; 3., . 14. . . 4. .. 24. ., 6. 50... 2.., CALVES 248 201 218.... 950 490 700 188 182 210 198 178 230 174 120 480 140 209 209 225 145 202 76 75 61 176 76 8.7 9 72 78 1.. 1. . 2. . 10. . 66. . 13. . 4. . 15. . 1. . 4., 1.. $ 8.00 8.00 . 8.00 13.00 12.50 8.00 7.00 7.25 10.00 ,14 00 14.00 BULLS $ 5.50 5.25 5.25 5.00 '5.75 MIXED $ 5.00 5.00 8.00 HOGS $15.10 15.23 15.25 15.25 15.25 13.25 15.25 13.25 .13.25 18.00 15.00 14.75 15.00 14.75 14.50 LAMBS $ 8.50 I 64. 8.00 243. 6.00 I 90. .1035 .1363 . 825 . 876 .1230 . 820 .1175 . 986 .1124 .1060 . 856 . 10O . 975 , 930 , 976 . 970 .1030 . 957 . 930 . 739 . 760 . 910 .1010 . 885 .1021 .1040 .1246 . 949 .1035 .1088 .1300 .1016 . 955 . 430 . 430 . 285 . 144 . 810 . 317 . 200 . 808 . 410 . 847 . 190 1....14S0 1....1320 1. . . .1800 1 1480 31. 6. 4., 1. , 5. . 4. . 8. . 7 . , 12. . 4. . 61. . 12. . 77. . 2. . 1. . 10. , 903 898 195 190 178 182 215 245 175 250 198 238 209 205 280 180 f 5.00 6.65 4 25 6.25 4.50 7.00 7.00 7,00 6.25 6.25 4.75 6.50 6.50 5.60 6.50 5.50 6.75 6.00 6.50 5.75 5.25 5.25 5.00 3.00 6.85 7.00 5.50 6.50 5.25 6.20 6.50 5.85 5.00 t 8.00 8.00 800 12.00 6.00 9.60 13.60 6.50 8.00 8.50 8.00 I B.50 5.00 6.50 6.50 6.75 5.00 $13.25 , 15.25 15.25 15.25 15.25 1 5.25 15.25 15.25 15.00 15.00 15.00 15.00 12.00 15.25 r Exempt From All Dominion Government Taxation 3 i City We Offer Subject to Prior Sale and Change In Price The TJasold Portion i General Obligation Gold Notes Edmonton of PROVINCE OF ALBERTA 9 Yield Dated September 1. 1920. Due September 1, 1922. Price 9S.$4. Denominations $190, $500 sod $1000 '-. Prices Subject to Increase Without Notice. Portland Better Off Than East, Middle ; West, Says Walker ! jj JAroy D. Walker, president of the State Bank of Portland, returned' Mon day; evening from an extensive trip through the East, where he st'Adied j business conditions. He says Porf and j is in a better condition, financially and j commercially, than the cities he visited In the Middle West and East. Walker, with E. H. Sensenich, Paul & Dick, S. L. Eddy and Willis K. Clark, attended the American Bankers' association con vention in Washington, D. C "Conditions In the East," says Walk er, "'are still good, although manufac turers and merchants, feeling perhaps thaf the. bottom of prices has not yet been reached, are 1 holding back for price adjustment. Owing to market conditions, farmers of the Middle West are -holding their crops, awaiting high er prices, "ianksv throughout the East and Mid dle .West are., very conservative in making loans, limiting practically all crectit extension to the sale of com modities and to strict commercial ne cessities. Optimism was displayed ev erywhere:" Eival Purchased by , - Standard, Is Rumor fian Francisco, Nov. 9. (U. P.) Rumors that the ' Standard Oil company had secured control of the Associated Oil company and waa about to con solidate the two concerns, stirred financial circles here today. The reports followed the recent an nouncement of the Southern Pacific rail way that it had relinquished its control of the Associated companies. Norton Fleeted Cashier 1 Grants Pass, Or Nov. 9. IL D. Nor ton, Grants Pass attorney, has been elected cashier of the First National bank, succeeding, the late George E. Lunburg. Mrs. Lunberg has been elected a director. 4.00 1.00 8.00 YEARLINGS 7.60 7.00 7.60 88.. b.. 8., i 0 t 8. 48. 2. 157... 389. .. WETHEBS B.vu 69 82 60 76 91 105 75 80 100 S 8.50 10.00 8.00 $ 1.00 8.00 4.00 $ 7.00 7.50 6.00 MIXED ' 7.50 11.. BDCK8 4.00 I T. , 6.00 I Tuesday Mornlnt COWS 88 t 14S $ 127 104 $ 7.50 182 t 4.00 No4 At. Lbs. Price. No. At. Lb. Price. 80 868 $ 6,25 5. ...1074 $ 6.59 2 890 5.00 7.... 883 4.60 488 6.50 29 858 6.00 2 1375 6.50 1.... 980 6.00 6 1010 5.50 I STTEjSKS i....l050 $ 7.50 I 14 1085 $ 8.60 85.... 636 6.25 I 4. ...1120 7.25 CALVES 1.... 200 $10.00 1.... 280 $ 6.60 .,.i.. 250 15.00 1.... 218 15.00 4..L. 177 15.00 8 106 13.50 12.. L. 167 15.00 1.... 160 10.00 Chicago Potato Market Chicago. Not. 9. (I. N. S. ) Potatoes' Receipts. 134 car. Northern whiten, sacked, nnlk " 2.10; Ohio. $2.45; Idaho rurais, a.80J.6O. i New York Potato Market New Tork, Not. . (L N. 8.) Potatoes (in bulk, barrel or bag) Market firm. Nearby white, $2.75 4.50; Southerns. $2.50 3.25. ' Foreign Exchange Market New Tork. Not. 9.- (C P.) The foretgu exchange market opened atrong today. Sterling, 13.36, up 1: francs. .0578. up .0004; lire. .0841, up .0004, aad marks, .0112, up .000$. I Chicago Dairy Prodnee Chicago, Not. . (L N. S.) Butter Re ceipts, 7566 tub. Creamery, extra. 62ej extra firsts. 47 80c; packing slock. 25 32c. Egg Receipt. 6829 cases. Miscellaneous, 57 64c; ordinary firsts, 59 61c; firsta, 67 68c; cheeks, 85 48c; dirties, 40 47c. Cheese Twins, new, 23 23 He; daisies. 28 24 He; Young America. 24 24 He; kmc horns. 2424 He; brick, 22c? - Live Poultry Turkeys, 85c; chicken. 19 27c; apring. 2c; rooster. 28c; geese, 27c ! MlnneapoUs-Dnlmtk Flax Dnluth. Minn.. Not. 9. (L N. 8-1 Flax November, 234; December. 284; May, 245; track. 234: arrive, same. s - Minneapolis, Not. 9. U. N. S.) Fx Track. 281;232; arrive, sum. I San Fraaelseo Grain Market San Francisco, Not. . (TJ. P.) Barley New feed, per cental. $2.05 02.15; ahipping, $2.15 2.85. - ; I 8aa Fraaelseo Penltry Market Ban Francisco, Nor. 9. TJ. P.) Broilers, 60 75c; Ursa bens, S63c; beat duck, 27 30c. . : i -San Franelseo Barley CasTls San Franciero, Not. 9. December barksy, 320 sales; May, 20 bid 210 asked. $200,000,000111 TJ. S. Certificates Is Offered Public Secretary Houston has announced a new $200,000,000 issue of certificates of Indebtedness. The Issue Is desig nated as D-1921, dated November 15, 1920, due March 16. 1921, and will bear 5 per cent interest. The certificates shall i be exempt from all taxation now or hereafter imposed by the United States, or any state, except estate or j inheritance taxes. Subscriptions for certificates will be received by any bank in the city. Portland . Proper ty Owner Who Will Pay the Increased Taxe? HERE is a problem in the management of business property which will affect all Portland owners, j Let this organization work out the problem for you. , ? We manage and de velop property, i frrineJ MafYlau5ftt6n Stock, Bends, Cotton, ' Grain, Etc, $1$ 117 . Board of Trade Building Overbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES Members Chicago Board of Trade Correspondents of Logan Bryan Ckieage New Tork QINCE publishing1 the statement that 205 Banks, Trust Com- "J panies and Bond Houses had rurchased blocks of Edmonton Notes, this representative list .has increased to 216. This is, of course, In addition to the vast number of individuals, corpora tions and institutions that have subscribed. , ' value municlnal utilities) FINANCIAL STATEMENT Cross assessed valuation '.? ...$8o,605".715.QO property (not including public , .. 11.035.376.00 Net debenture debt 9, 4S8. 997.00 Itevenue from public utilities (above cost of operation) 767,773.00 Net local Improvement debt (rate payers' share) .j... 3,046.763.00 In Addition to Being General Obligation -Notes. These Are Secured by Long-Time Debentures "Totaling $2,594,42$ axJ General Obligation Gold Bonds PROVINCE OF ONTARIO Price 96.68; Yield 7i Dated October 1, :20. Denomination $1000. Duo! October 1. 1923. Principal and semi-annual Interest payable in Gold Coin of the United States !n New York City and at the, offices of Morris Brothers, Inc. Telephone or Telegraph Orders at Oar Expense. MORRIS BROTHERS, Inc. "The P-jmler Municipal Bond Hoe., Established PORTLAND, OREGON MORRIS BLDG. Capital Over a $09-11 STARK BROADWAY till One Quarter - Other Offices at Seattle. Tacoma.' Million Century. , Wash., and San francisoo. Cal. ! Dollars. SAFE DEPOSIT BOXES City of c 7. s p e r Wyo. 6's at 97.50 AS WSTUSS to yield J .51 to Income Tax Exempt Casper is the county seat of the largest jvool producing county of the greatest wool producing sfate in thenion. Casper ships 5,000,000 pounds of wool annually,, Casper, as evidenced by U. S. census figures, Increased in population 33 during the last ten years. Casperhas two' of the largest oil refineries in America. Casper lias a monthly industrial payroll of $600,000. ! ' ' -. j -.:- Casper has an assessed valuation of 513,228,966 and a general debt of only $798,000. L I Ask for circular J-78 which gives details of the six rer cent ont to ten year bonds we own and offer at 97.50 and Interest to yield 6.35 td 7.51. You have the choice of all maturities at the;same price. We will sell these bonds on the Partial Payment 'Plan or for imme- diate payment and delivery,. or reserve them for you for delivery: later to suit the convenience of your funds. Denomirmion" $500.' j Interest dates March and Sept. 1st, Call, write or phone. Wire orders "collect. Freeman Smith & Camp Co KCONOPUXHt ' NORTHWESTERN BANK BUILDIN9 j Main 64. . i rtaacne ONLY 28 Miles From Portland On the main line of the Northern Pacific, giving direct connections with Portland and Seattle, is ! - Cowlitz County, Washington Diking Dist. No. 5 ! Containing 554p acres .of agricultural land, this being among the richest in the state; The district produces very heavy crops of hay, grain and all forms of garden truck. In addition, dairying and stock raising are ex tensively engaged in. j Invest in These 7 Income Tax Exempt Bonds 1920. ' Due Serially 1922-36 Pen. $100, $500, $1000 j i Dated Nov. 1,. Price to Yield 7 Net , These bonds are legal investments for savings hank funds in, Oregon and Washington. Are eligible to secure public funds in Washington and Trust funds in Oregon. r , jp UlaiiaOwiPsiiitfTilt. BROADWAY and OAK