The Oregon daily journal., November 21, 1920, Page 35, Image 35

A
THE OREGON SUNDAY JOURNAL. PORTLAND, SUNDAY MORNING, NOVEMBER 21, 1920.
11
WHEAT UNSETTLED
IN LOCAL TRADE
Erratic Conditions Prevail and Tills
Is Reflecul In Prices Believe
Hour About at Bottom.
The wheat trade at Portland has been
somewhat unsettled for the week, and
while open value on the Portland Mer
chants' .Exchange indicate a lowering of
quotations, still the figures represent
nothing at all because there appears to
be a sort of gentlemen's agreement not
to bid the proper price at this time.
That tbj jtheory is correct I imp!; shown'
bjr the fact tiit recent sale of wheat at Pa
cific Northwest primary point nd tidewater a
well, have been as much as 10 to 25e a bushel
above the quotation bats.
Thnre were two real good reasons tor Oil
aonditkon. First there waa a very erratic tone
in the world trade s.nd especially in the East
and at tiinea a demand lor soft wheat from the
Southeast canned the trade to bid premium
wherever wheat could be found. Then again
tone of the export firm were caught short of
supplies and' were compelled 'to cover in some
inaUnces to a complete sacrifice of profit.
While receipts of wheat at Portland for the
week totaled 229 cars compared with 154 acr
for the sazue i-erk-d a year ago, . there haa all
along thia season been an increase in. tidewater
arrivals over the year aco period.
From the viewpoint of receipts ft looked aa If
frowera were not disposed to hold their wheat.
Thia la true whenrvi-r premiums orer the en
rai market are available but when only the
printed iiuottuiu are available, then telling
completely ceases m -the country.
At the start of the week there waa a low
of 60c. per barrel in the price, of patent flour
and at the week-end it looked as if a further
email reduction might be forced. Ieadera of
the trade are now inclined to be Li ere that flour
price are either at the bottom or within a frac
tion of the cellar mark.
MiUstuffs showed very sharp redactions dur
ing th week and the same was true of feed
stuff. Coarae grains, and especially oats, showed re
ductions. FLOOR Selling price, mill door: Patent.
110.40; Montana spring wheat, f 10.80; Willam
ette valley brand. IS. 75: local straight. SH.ftO;
bakera' local. (9 25 & 9 SO; graham. $8 60;
whole wheat. . I'rice for city deliTeries
3 6c rttra; suburban, 20c extra.
HAY Buvinj price, nominal Willamette
timothy, fanes, $28.00 0 30.00 per ton; clover,
$20.00; cheat. $23.00; straw. 111.00 11.60;
crain. (25.00; alfalfa. $24.00 per ton.
GKA1N BACKS -Nominal. No. 1 Calcutta.
10(10i4c; domestic. 11c, la car lot; lea
amounts higher. - r
- MILLSTUrifS liin run at mill, sacked,
45.00.- .
OAT8 Per ton, buying price. Feed. $41.00
45 00.
' BARLEY Buying price: Feed, $45.00;
Billing. $40.00.
i SEED Buying price. Nominal; no demand.
Red cloTer, rec leaned, ( ) per lb.; alsike,
( : vetch. ( i.
FKEIiSTUFPS F. O. B. mills: Rolled bar
ley. $54.00; alfalfa meal, $35.00; cocoa nut
meal, $40.00; aoy bean meal, $65.00; linseed
meal, $80.00; cracked corn, $56.00; wools
corn, $53.00 ton; scratch feed. $71.00; whola
oats. $51.00; rolled oats, $53.00 per ton.
ROLLED OATS Selling urice. $10.50 6M.
Merchant'' Exchange bid;
WHEAT
Not,
Ward White ...
Hoft White . . .
- White Club . . .
Hard W inter . .
Northern Spring
; Ited Walla
150
No.
No.
white
gray .
FEED OATS
4350
4200
BARLET
. ., 4500
... . . . ; 4350
CORN
No. 3 Eaatem (bnlk) ... .3500
No. 9 local (bulk)...... 4000
Pec
150
145
152
145
145
142
Jan.
150
145
155
145
145
142
i
BURSTED PRICES
SHfJWN IN MEATS
i
ENORMOUS DECLINES ARE SHOWN IN FARM PRODUCT QUOTATIONS HERE ...r
Edited by
H. Cohen
Country Killed ! Staff Shows the
Greatest Liqskcs Known- Genera
Downfall of Foodstuff Values.
5350 4350
4200 4200
Brewing . . .
Feed
4500
4350
4500
4350
3400 8400
3300 3500
WHOLESAtE PEICES IS FOBTLAltD
These are price retailers pay wholesalers, ax
ept aa otherwise noted:
Dairy Product
BETTER Selling price, box . lota: Creaaa
. ary, extras, parchment wrapped. 59e per lb.
Jobbing prices: Cubes, extiaa, 54o lb.; dairy
buying price, 35c per lb.
IHJTTEKl AT Portland delivery bsaie, 61
j5Re, best grade; country station. 510 646.
CilEKSE Selling price: Tillamook. . fresh
- Oregon fancy triplets. 83c per Id.; Young Ainerr
Has, 84e lb. Prices to jobbers, f. o. b. Tilla
mook: Triplet.". 30c; Young America. 31c
stalling price: Bloc Swiss, 48 9 49c; limburger,
40(42e per lb. fei
EGOS Buying price: Current receipt. 70
75c per dozen; candled, gelling price, 80c; se
lect, 82c per down, i
LIVK POULTKY rSelllng price: Heavy Ben.
CO 30c per pound; light liens, 20c per pound;
spring, light.' 28 30c; heavy, 22uc; old
roosters, 1214o per lb.; turkeys, life, 85c;
d'essed, 40s48c; ducks, 28 36c; geee. 24
j 25o per lb.
Fresh Vegetable and Fruit
FBESH FRUIT Oranges, $8.50 &9. 50
box; bananas, 12 tt 13 Vs e lb. ; lemons, $4 74
4 6.00 a crate; grapefruit, Florida, $8.50 (a)
$9.50; California. $3.00.(3 3.25; pears, $2.50
m 3.00; Tokay grapes, 15c lb.
APPLES New, $1.253.75.
DRIED FRUITS Dates, Dromedaries, $7.25;
Fard.i. $4 50 per box', figs, $3.50 4.00.
ONIONS Selling price to retailers: Local,
$1.75; association selling price, per car,
$1.25; California onions, $1.35(31.75; garlic,
tor; crei-n onions, 45c per dozen bunches.
FOTATOES Selling price: Oregon fancy,
$2.00 ( 2.25; sweets. 34c per lb.
BERRIES Huckleberries. 18e lb.; cran
berries, local. $5.00 6.00 box; eastern, $18.50
per bbl.
- VEGETABLES Turnips, $2.75 per aaek:
carrots, $2.00: beet, $2.00; lettuce, $2.60 per
crate; cucumbers. $1.60 sack; tomatoes, Cali
fornia, $2.25 per lug; egg plant, 10c; broc
coli... $1.00 (2. 00; bell peppers. 12 15c
lb. ; celery, 6085o dog.; Hubbard squash, 14
2o per lb.
Meat and Provisions
COUNTRY-MEATS Selling price; Country
hrga, 13 W 15c per lb. for top blockers; heavy,
10c: real 13-- 15c; heavy Teal, o10c
SMOKED MEATS Ham, 424o per lb.;
breakfast bacon, 33 & 56c; picnics, 27o per lb.;
cottage roll. 85c per lb.
LARD Kettle rendered. 29 Ho lb.; tierce
basis, compound, 20 H c.
Fish end Shellfish ,
FRESH FISH Salmon, frozen Chinook 18e
per lb.; 4ialibut. fresh, una lb.; sturgeon
( ); bUck cod. ll12o lb.; kippered sal
mon, $2.50 per 10-lb. basket: kippered cod,
$2.85; razor clams, ( ); crabs, $2.75(93.76
dozen : ling cod, 8 9) 8o per lb.
OiSTJiKS Eastern, per gallon. $5.00;
Clympia. $5.50.
Groceries
SUGAR Refinery basu: .Cube $12 25
fruit and berry, $10.50; D yellow. $9.90; gran
ulated $10.50; extra C, $.80; golden C.
HUNEX ew. $7.00(8 7.50 case; bulk. ISo
per lb.
RICE Japan atyle. No. 1, lie; Kern Orleans
bead, (---) ; Blue Rose, llttllic per lb.
SALT Coarse half ground. 10O, $17 25
per too; 60s, $18.75; table dairy, 60s, $27 25:
bale $3.50&4.0O; fancy table and dairy.
(4.50: lump rock. $26.50 per ton.
BEANS Sale by Jobbers: Small white
c lb.: Urge white, 6c; pink 7o per lb.; limas!
10c; bayou, 9e; reds. 7 lie; Oregoa bean,
buying prices, seminal.
CANNED MILK Carnation. $6.00; Borden.
t.OO; Aator. 3.90; Eagle. $12.60; Libby!
$b.9(; Mount Vernon. $5.90 per cane.
COFFEE Roasted, 25 8 40c in sack or
crums.
SODA CRACKERS In bnlk. 18o per lb.
TLrW5!flut5' 2326o Per lb.; almond..
?IJ?T-c: ,llbts. 32c in sack lots; peanut.
14b(gloc; pecans. 25c; Brazila, 35c ,
Rope, Paint, Oils
sUnrdSc."6-- '
LINSEED OIL Raw, bbl. BRe L r.'t,
tie boiled, bbls.. 08c; raw, case. $ i i .
cases $1.13 per gallon. ' Dolled.
COAL OIL Pearl or water white, in
llon!,, bmV" Wchaa.,loor,Sr
ASOLEJB Iron barrel 29 30 He;
14cV'perTfb .,0. c; 500 lb...
TURPENTINE Tanks, $1.41; ease. 11 K.
10-ca lot, lo W ,. $1.56;
Mept Wo0' tnd Hide
HOPS Nominal, 1920 crop. SUASSn n
HIDES Best caUskin. 12c; kipsf 10?- r
kides, 6c per lb. ' At'c' tn
MOHAIR Long. 25e; short, 15 Tb
TAUX)W AND GREASE No. 1 uilow. 6c-
r0. 2, 5c. '
CAMtUKA BARE New, 8e lb.: old Be n-
jOOU Ccaraa. 10c; milium, 20c; fia
Perhaps the most remarkable slump
that has ever been shown In the dressed
meat trade of Front street occurred dur
ing the week justi ended. It waa not
only a slump ; it was a rout of prices ; In
fact it was an utterly demoralized con
dition that confronted both Bellera and
buyers during the week.
Aided by the general downfall of commodity
price, the record-breaking supplies of country
killed hog nd ealres; that entered the market
met with a chilly reception from buyers. The
buytr wa supreme during the week. What he
said went with the trade. No matter how silly
his low offer for suppJiea appeared when made,
it waa considered high an hour or two later.
There waa no established market" at all during
the closing days of the week. It waa a mere
matter of getting some bnyer who waa willing
to look at the gooda and gnaker an offer.
' Wh;l this is the time of the season when
there 1 usually a downfall of meat prices, th
reactionary trend of the. trade during the week
surprised eren the mint hardened buyers who
are always looking for (lower Talues.
Turkey Trade Rather Quiet
It was a quiet trade at the beat in the turkey
market for the week. ; Kreryone appeared to be
p,f 5?n lting game. Receipt were not at
all liberal but there were quite aufficient for all
immediate requirement of the trade. The higher
prices being asked by! grower at some country
pointa were not receWed by the Front street trade
aimply because buyers would not pay them. The
general downfall of other foodstuff prices had
iu effect upon turkeys. Howerer, the big turkey
market does not usually open until Monday
monuug and sometimes Tuesday.
Chickens Not to Firm
While at the opening of the week there was
a ery excellent demand shown for Mtb chickens,
and prices held remarkably well at the previous
high point, moire liberal arrivals toward the
closing caused some easiness in the situation,
although this has not' as yet been reflected in
values. Ducks and geese were in small supply
and good demand.
Butter' Market Shows Strength
Strensth was indicated in the butter trade
bnt to some extent it could be attributed to tn
desire of some interest to unload their huge
stock of storage goods.! There is no denying the
fact that the output of first claas batter i not
libera! at thia time, sbut It is likewise a fact
that consnmers are purchasing sparingly, a con
dition that will be attested to by practically all
leading retailer,. ;
Oheeee Market Strong
At a farther advance of le a pound during
the week for Tillamook supplies, the market for
eheeee was quoted etrong. In fact there was a
greater degree of activity in the market at th
advacce than when prices were lower.
Apple Situation Active
While there ;is a sluggiih tone for apples In
the -Ea?t, and 4 considerable number of orders
hare been reported cancelled, the local trade
continued to show activity. Thi was true
mostly in the low pneed stock and in that
line Talues held well For the better grade
fruit Talues are, being; slightly shaded.
Potato Business Gains
There was a fair gain of business in the pota
to market for the week. California and South
western purchases in this territory were of
somewhat liberal volqme and prices gained at
least 15c over the previous week. This advance,
whilj confined mostly to the better grade stock,
was to some extent shown in the ordinary quality.
Onions Continue Slow
Trade in onions continues slow in the local
market. California stock is stitll available here
in liberal supply, and a it cost somewhat less
than even the low prices quoted - by the Con
federated association,: the trade neglected the
local offering, j -
Hop Business Lags , j
In the hop market there was a lack of e
tlvity during the week. Governsnent investiga
tion of sale of hops to consumers had the
effect of depressing the general situation and
nominal prices were sharply lowered.
No Improvement In Wool
Not the slightest :sign of improvement was
shown in the wool trade for the week. Eastern
business is stitll of a hand-to-mouth character
and prices are practically unchanged.
Egg Trade' Reach Higher
While a producer 'association reported that
It bad cut the price of eggs 2c a dozen, the
general trade received an advance of that amount
over the previous" week's figures, making a new
hich record here of 82c for selected white stuff.
GER3IATT PCECHASE OF COTTON
MAY AFFECT THE MARKET
New Tork, Nor. 20. (L N. S.) A some
what better tone prevailed in the cotton mar
ket at the opening today and with the exception
of May, which opened 5 points lower, the mar
ket wasj 3 to 7 point higher on first sales.
There was some covering by WaU street, part
ot which was attributed to report that alien
funds might be wed for the purchase of goods
in this country by Germany. Local traders
also covered, while the South and Liverpool were
good sellers.
After the start the market continued active
and eventually eased about 10 pointa above last
night's close under pressure of southern offer
ings. Late in the forenoon! prices reacted H c on a
renewal of selling, i The close waa steady, un
changed to 30 points lower.
Spot cotton ws quiet today, 80 point lower
at 17.25. No sales.,
Furnished by Orerbeck A Cooke Co., Board
Sew York Bond
Furnished by Overbeck &
Market
Cooke Co., Board
of Trade building, i
! Bid. Ask.
Atchison Cenl. 4s..., 76 'i 76 ,
Hal. & Ohio Cold 4s 67 H 68 V4
Beth. Steel Ref. 6s. 77 . 77 H
Ctnt. Pacific 1st 4s 72 72 Vt
C, Ji. & Q. CoU 4s 96 H 96
St. Paul GenL 4Hs 77 78
Chicago N. W. GeuL 4s...... 76 H 76 'A
L. Ac N. Uni ( 4s . . 80 81
New York By. 5s 25 T4 SO
Northern Fac. P. L. 4s 76 H 76 H
Reading Genl. 4si , 85 85 H
Vnion Pac. 1st 4si SO 80 H
V. S. Steel os. J 92 4 924
fnion Pac. 1st Ref. 5s 67 H 74
Southern Pac. Conv. 5s 1104 110 H
Southern Pac. Conv. 4s 76 70 H
Penna. Ccnv. 4Hs... 89 H P
Ptnna. 1st 4Hs. ....80 80
Ches. & Ohio Conv. 5s 83 hi K3H
Ore. Short Line 4s 79 " " 79 H
Sew York Batter and Eggs
New Tork. Not! 20. (L N. S.) Butter
Market firmer. Creamery extras, 6567e;
creamery first. 49C3c; creamery higher scor
ing. 65 H C 6"e; i state dairy tubs. 39 53c;
renovated extras, 44 g' 47c.
Cheese Market firmer. State, whole milk
specials, 24H('29e; state whole milk fancy,
23 26 He; Wisconsin, whole milk, fancy
Toung Americas. 29 H (3 80c; state, skims, spe
cials. 18 20c: skims, choice, 15 (gi 17 He;
skims, good, 12 14c
Eggs JHsrket i irregular. Nearby white,
fancy. $1.08; nearby brown fancy, 90 93c;
extra, 66 0 88c; first. 76 & 81c
Dried Fruit and Beans
New Tork, Not. 20. (L N. S.) Beans
Market easy. Marrow, choice, 9c; pea, choice,
$5.25 5.75; red kidney, choice, 11c.
Dried Fruits Market in good demand. Apn
ects, extra choice to fancy, 293Uc; apple,
evaporated, prime to fancy, 6 (12 He; prunes,
80s to 601, 14 H 20c; do 60s to 100s. 8H
12c;. peaches, extra choice to fancy. 18 21 He;
teded raisins, choice to fancy, 23 H 25c
Stw York "Wool and Hides
New Tork. Not. 20. (L N. 8.) Wool
Market easier. Domestic fleece XX Ohio, 2ft C
52c: domestic ptilled, scoured basis. 30 80c;
domestic Texas, scoured basis, G0c$$l.u6.
Hides Market! steady. Native steers, ,19 (
20c; branded steers. 18 17c
Xew Tork Bank Statement
New York, Not. 20. (I. N. a) JJank
oo m'Tt: rfn" Losn. decreased $8
ooo; demand deposit, decreased. $9,531 OOO--time
deports, decreased, $1,596,000; reserrea.'
.increased. $7,831,040? .
Aetul Lon, decreased. $15,242,000; de
mand deposits, decreased. $32,244,000; time
weposit. decreased, $1,11J.,000: reserve, de
creased, $19,733,800. '
Sew Tork Sugar and Coffee
' New Tork. iNov. 20.: (U. P.) Sugar
wear; raw. $5.'-ti; reiuted. weaker; granu
lated. $9.0089.60
Coffee No. T spot Bio. 7 7 He; No. 4
Santos, 10 H llc .
MlnneapoUs-rtoloth Flax
Duluth, Nor. 120. (l N. S Flax, No
vember, 208. December 208. May 228 Jan
nary 211. track and arrive. 210.
Minneapolis . Nov SO. a N. S) Track
and arnre. 206 207
White Egg Craze Is Sweeping
East and High Premiums Paid
Br Hyman H. Cohen
The craze for white esrsrs appears to be rrowtnef. but sooner or later the bubble
will burst and then an awakening will come. In these days of high cost of living,
when quality should be the means of establish irifr worth and price, the trade in
ffla. egsrs has, through interested propaganda, been forced to pay
1 artificial prices for supplies that are in reality or no Deuer
-4 quality than supplies that sell for 5c to 10c a dozen less.
1 The vhito ep-p- rrarn has in some resnects caused losses
' v 4 In Ihe poultry market. The Leghorn hens that lay these
a white eggs are unsuited for the meat marKet. mis explains
the reanon I why there has Deen sucn a scarcity oi neavy
weight hens of late in not only the Portland market but
along the coast generally:
- a There never has neen sucn a premium paia ior neavy urns
4 as at this time, and the errnwinir demand and decreased supply
may force a still greater differential.
EGG EXPERT! GENERALLY DISAGREE
ELxperta ;do not at all agree regarding the value of eggs
as to color. I While New York is willing to pay very handsome
nremiums for white eKPs. the reverse is the case in Boston
via und the Huib market oftimes pays a premium for the brown
zA SIOCK It appears mat ew iuik iia.Biiujiiy guite wuu u
i the white eggs of the Pacific coast and as long as this
3 continues those that produce this class of stock will have
no cause for complaint. i
- The white egg trade between the Pacific coast and the Atlantic coast has
shown a tremendous increase during the last few years, causing many poultry
men to entirely eliminate all bu the stock that lays white eggs.
POULTRY. BUSINESS MAY BE DIVIDED
Because of the fact that white egg layers are generally unsuited for the meat
market, indications point to the entrance into the poultry business of parties who
will make a specialty of supplying the market with meat. As a table fowl the
white egg laying fowl is an entire failure and practically the only good table
stock now comes from the farms.
Whether too close grading of eggs really pays the producer after all the
expense of the extra candling is a subject that is now of much interest to the
trade. Some experts agree that the sale of eggs as they come from the farms
is more profitable to the producer than stock that is too carefully graded, which
means the elimination from the ifirst grade of the larger per cent of the offerings.
Kxperts also disagree as to whether the white egg is as good for cold storage
as the darker stock. The latter; usually has a more durable shell.
South African Wool Market
Has Big Surplus On Hand
MWlV.MJIL.l.lUliw
I 'eVjfV
TifiMii n r a fcar5i
By Charles J. Pisar
TT. S. Vice-Consul, Cape Town, South Africa
According to estimates obtained from reliable sources in the leading centers of
South Africa, there are at the present time 130.000 bales of wool on hand in the
Union. The stocks at this date in normal, years never exceed 10,000 bales. The
wool now on nana grades as follows
Grade
Scoured
High-grade grease . . ,
Medium-grade grease
Low-grade grease .
-Port Elizabeth
Present. ' Normal.
Rale
4.000
1.000
20,000
15.000
Bales.
1,000
1,000
1.000
East London
Present- NormaL
Rales. Bale.
8.000
1,500
18,000
22.500
Union
Present. NormaL
Bales.
15.000
4.000
61,000
50.000
Bales.
2.000
V.OOO
3.000
Totals 40,000 3,000
Exports During First 8I1 Months of 1920
During the first three months of 11920 the
quantity of wool shipped from South Africa was
3 1,000. 000 pounds mere than during the cor
resiwiiiding period of 1919. In April, however, a
radical change took place in the experts of this
commodity, being less than one-half of the aver
age amount exported during the first ( three
months and lesa by 11,463,000 pounds than in
April of last year. In May, 1.920. the exports
show a further decline to 5,494,257 pounds,
or .nearly 29,000,000 pounds less than in May.
1919. In June, 1920, a still further drop is
recorded, the amount exported being t,409,560
pounds, or 11,362,124 pounds less than for the
corresponding month of 1919. The following
table shoves the export of wool from South
Africa in detail for the firn six months of
1920, vtith comparative figures for 1019
1920
Pounds.
66.908
! 6,293.525
81.557.957
of Trade building:
Month Open. nigh. Lew. Close.
Jan, J595 630 1565 1588
Feb. ....... s 1585
March 1585 . 1610 1558 15X
April ' 1580
May 15S0 1603 1553 158U
June 1570
July 1570 1590 1540 1555
Aug .; 1545
Sept. 1568 1568 1537 1540
Oct. 1545 1540 1520 1530'
Decl 1675 16J2 1620 1625
36.914,751 67,918.390
' 111.716
2,788,881
18.439.047
21,339.644
66,299
3,610,524
30.517,078
34,193,901.
9.876.145
42.369
975.771
4.370,117
Period. ID 1,9
. January-March Pounds.
Washed wool . . .
Scoured . , 5.285,010
la the crease 31,629.741
Totals
April
Washed wool ,. ' 111.716 2,386
Scoured 2,788,881 992.503
In -th grease...... 13.439,047 8,881,258
Totals . . .
wool . ,
Scoured
In the grease.'.
Totals . . .
June
Washed wool . .
Scoured 1,518.505
In the greu. . . , . . 15,253.119,
Totals i- 16.771.684 6.409.560
Six Months
Washed wool 1.78.015 111.663
Scoured 1,1,202,980 . 9,124,024
In the grease . . 95.838.985 170,462.665
J
Totals. 109.219.980 88.698.352
The value of the wool exported ! during the
first six months of 1919 was $45,052,178;
during the corresponding period in 1920, when
the volume exported waa 20,521,628 less, the
value was $67,760,070. or $22,706,902 more.
No Flnanotal Aid to Q cowers
At the beginning of February. 1920. the wool
6.494.257
862,225
4,547.335
. 50.000 130,000 10.000
market in South Africa was given a temporary
setback by the action of the banks in refusing
to negotiate shippers' drafts. It appears that
all the South African banks had accumulated
large credit balances in London, which, on ac
count of the adverse exchange rates, could not
be transferred to South Africa without consider
able loss to themselves. The banks allowed their
gold reserves in South Africa to become so re
duced that they could not, under sourfd banking
principles, grant further credit without seriously
endangering their resources. After sereral weeks
of total suspension, the banks arranged discount
rates which varied from 4 H per cent for sight
drafts to 9 H per cent for 120-day bills, and
on this basis again resumed the purchase of
shippers" drafts. This action of the banks upset
the wool market, but only temporarily. The
depression which is still in existence today com
menced toward the end of March when buying
from the leading markets (United States. Eng
land, and Japan) ceased almost entirely.
None of the South African bank, operating
independently or collectively, are inclined to
carry the farmers, or the merchants who have
accumulated large stocks of wool while the pros
pect for immediate exportation seems doubtful
The inability to realize on the Urge stocks and
the Increasing cost of storage, etc., have already
had effect on business conditions throughout
South Africa. ,
Woof Market at a Standstill
For the past four month the wool market
at Port Ellrabeth has been practically at a
standstill. The public markets were discon
tinued, as the regular operators were without
orders. At Durban the market has been inactive
for a longer period. Only isolated transactions
hare been recorded at East London.
Toward the end of August the public market
at Port Elizabeth was reopened, although there
is little evidence of orders from foreign sources.
A small amount of speculative buying in short
wool has taken place, but not sufficient to
affect price. A quantity of good average 12
months' wool was aold at price ranging from
28 to 36 cents a pound.
The present situation in th wool markrt is
regarded with considerable anxiety, particularly
in toew of the fact that, with the beginning
of .October the new clip will be coming into the
market, which is still glutted with last season's
surplus. At Port Elizabeth, East London and
Durban, all available apace haa been utilized for
storing wool.
AMERICAS" LIVESTOCK
PRICES
Chicago, Not. 20. (I. N. S.i-Market 10
15e higher. Bulk $11. SO 11.85; top.
$12.00. HeaTyweight. $11.50 012.00; me
dium weight. $11 65 1 12.00; light weight,
$11. 50 11.90; light lights, $1 140 1 1.80 ;
heavy packing sows smooth, $1 1. 00 11.40;
packing sows, rough, $10.00 10.75; pies.
Cattle Receipts. 3000.
Sheep Receipts. 2000,
Kan City Hogs $11.65
Kansas City, Mo., Nov. 20. tl, Jf . S.l
Cattle. 500. dull. Steers. $8.00 12.75; coves
and heifer, $8.00 12.50; stockers and feed
ers, $8.00(311.00: calves. $8.00 13.00.
Hogs. 1000. slumping. Bulk.i $11.25 &
11.60; tops, $11.65. I
Sheep. 600, heavy. Lambs. $10.00 10.70;
ewes, $4.50 5.25; wethers, $7.00.
Chicago Dairy Produce
Chicago, Nov. 20. (I. N. S.J Butter
Receipt. 4746 tubs. Creamery, 'extra, 66c;
extra first, 59c; first. 47 57c; packing stock.
24 Co) 30c. r
Eggs Receipt. 1412 eases. I Current re
ceipts, 67c; ordinary first. 62 64c; first. 70
71c; checks, 3543e; dirtie. 047e.
Cheese Twins, new, 25 He; daisies, 26
26 He; Young Americas, 27 He; longhoms,
27 He; brick. 24c. i
Live poultry Turkeys, 88c; chickens, 17
21c; springs, 22 He; roosters. 16 He; geese,
22c; ducks, 26c
Denver Hogs $11.25 '
Denver. Colo., Not. . 20. U. P.) Cattle
Receipts, 600: tedy. Steers. $7.50 10.00;
cows and heifers, $5.00 6.75; stockers and
feeders, $9.00; calves, $5.00 11.00.
Hogs Receipts. 200; steady. Top. $11.25.
Sheep Receipts, 3400; steady. Lambs,
$9.50 10.50; ewe. $t.004.75; feeders,
$9.50 010.50. i
Seattle Hoes $12.25
Seattle, Nov. 20. ft. N. S.l Hogs Re
ceipts, 167, lower. Prime lights, $11.75
12.25; medium to choice. $10.7$ 11.73;
rough, heavies, $7.73(8.25: smooth heavies.
$9.7510.25; piti, $10.0 12.00.
Cattle Receipt. 222. weak. Prime steers.
$9.0O9.50; common to good, S5.507.00:
medium to choice, $7.50 8.50; beet cows and
heifers, $6.50 7.00; common tof good. $8.50
5.00; medium to choice, $5.00 6.00; calves.
$6.50 13.00; bulls. $6.00. T
Indiana Hog $11.50
asdianapolis, Ind.. Nov. 20. L N. 8.)
Hog prices on the local market today dropped to
the lowest level in more than a year. Most sales
were at $11.40 to $11.50, 15c to 35e lower
than yesterday. I
Pittsburg Hogs $12.78
Pittsburg. Pa.. Not. 20. (LlN. S.) Hog
prices today dropped to before the war level, and
best medium weight were being fold on a slow
market at $12.50 12.75, a decline of 25c to
50c from yesterday's levels. - There were 3000
hogs offered, a heavy run for Saturday, and in
dication were that the market would break even
more on the late trade Hogs sold here a year
ago last August at $25, a world's record.
New York Poultry Market
New Tork, Not. 20 (I. N.i S.) Dressed
poultry Firm. Chickens, 80 44c; fowls. 27
42c; turkeys, 45 55c; ducks, 80 42c
geese, 34 43c , " i
I Naral Stores Market
New York, Not. 20. (I. N.i SI Turpen
tine Sarannab, 92 H i I New York. 100. W
Rosin Savannah. Hop; New Smk. 1134).
DAIRY PRODUCTS OF THE COAST
Seattle Market
Seattle. Not. 20. (TJ. P.) Butter City
creamery cube!, 58c; bricks, 69o per lb
Eggs Freh ranch. 78c; pullets, 60 62c.
Cheese. 32(4. 33c per lb.
Milk, $2.10.
Loa Aneelaa Moj-fct
Los Angeles, Nov. 20. (L N.
ter 60c.
Eggs Extra. 85r; casa count,
lets, 74c; peewees, 74c
Poultry Unchanged.
POTATOES ALONG THE COAST
3.) But
82c; pul-
Seattla Market
Beertle, Wash., Not. 20. (TJ. P.) Pota
toes Takima Gems, per ton, $45.00; local.
$32.00 35.00.
Los Angeles Market
I OS Angeles. Not. 20. (I. It. S.) Pota
toes Burbanks, mostly $2.25 2.50; few aa
high as $2.60; Idaho Russets, mostly $2.25
2.50; few as high, as $2.75.
FOREIGN EXCHANGE RATES
Corrected daily by the foreign exchange de
partment of the United States National bank.
Quotations below, except the pound sterling,
are quoted on the basis of 100 units foreign
snrrency.
Opening nominal rates on bank transactions:
Draft Cable Par
London Check. Transfers. Value.
Lbs. sterling..$ 3.46 H $ 8.47 H $ 4.863
l-ans francs.. 6.0S 6.03 19.30
Hamburg-Berlin
Marks
Genoa lire..
AWien
Drachma. ,
Cipenhagen
Krcner. . . . .
Clrristiania
Kroner
Stockholm
Kroner.. . ..
Hongkong
Currency. . .
Jf.pan Ten. .
Shanghai
Taels.
J 40
8.71
9.05
. 13.30
. 13.30
. 19.05
. 65.50
. CO. SO
. 87.50
1.40
3.72
9.15
.13.40
1340
19.15
6ff 00
50.75
23.81
19.30
19.30
26.70
26.79
26.70
48.84
88.00
PACIFIC COAST BANK STATEMENT
Clearings
Monday . .
Tuesday . .
Wednesday.
Thursday. .
Friday
Saturday ,
.
Portland Bank
This Week.
8.515.141.51 I
6,185,937.81
6,257.816.20
6.112,535.23
6,387,987.83
6.690.969.58
Tear Ago.
8,819,389.79
6.669,999.51
6.619.387.81
5,599,724.08
B. 523. 577. 43
4.913,526.75
Week $40,050,388.16 $38,145,605.50
Spokane Banks
Clearings Saturday $ 2,050.202.00
Balance Saturday 819.891.00
Seattle Banks
Clearing Saturday .$ 5.407.624.00
Balance Saturday 1,349,201.00
Tacoma Bank
Clearings Saturday f 675,994.00
Balances Saturday 112,953.00
, 8n Francisco Jiankt
Clearings Saturday ..$22,300,000.00
m , Los Angelas Banks
Clearings Saturday $13,486,084.00
Range in Prices of Liberty Bonds and
Victory Notes During the Past Week
.OFFICIAL, CLOSIXQ PRICES
Liberty 3s. 1932-47
Liberty 1st 4s, 1932-47.,.,
Liberty 2d 4s. 1S27-42....
Liberty 1st 4s, 1932-47.
Liberty 2d 4 V 1927-42..
Liberty 3d 4 Us. 1928
Liberty 4th, 44s. 1933-38.
Victory 4s, 1922-23
Victory 3s. 1922-23
. . .
Aion.
93.10
87.50
85.60
88.30
85.70
87.98
86.24
95.70
95.62
Tues.
93,08
87.50
85.54
87.50
85.90
88.00
86.20
95.80
95.80
Wed.
92.90
88.20
85.50
88.70
85.40
88.50
86.34
95.90
95.96
Thurs.
92.64
86.50
85.48
86.50
85.48
88.04
85.50
96.02
S6.02
FrL
92.60
86.50
85.50
86.90
85.5S
88.30 '
85.76
95.88
95.86
Sat
92.22
86.30
85.60
86.62
85.70
88.42
85.76
95.M
95.94
HEW
LOW PRICE
AGAlfJ
REACHED
New York, Nov. 20. (I. N. S.) The
stock market closed strong today. Prac
tically the entire list rose from 1 to 3
points on short covering in the final
trading after some of them had moved
to new lows for the year.
Steel common rose from 80'4 to a
closing of 80. Baldwin, after falling
to 91. rose to 93. Crucible advanced
2 points to 87. Southern Pacific rose
nearly 2 to 110V4 and Reading over 2
points to 86. Many of the specialties
were in demand, American Sumatra ad
vancing 3t4 to 70. Mexican Petroleum
rose 3 from the low to 55 and Chand
ler Motors advanced over 2 points to
74. American Sugar, after falling to
a new low of 90', had a sharp upturn
to 94.
Government bonds unchanged ; railway
and other bonds steady.
Total sales of stocks today were 607,
500 shares. Bonds, 36.567.000.
. Total sales of stocks for the week
were 5,779,900 shares; bonds, 388.141,000.
New York, Nov. 20. (L N. S.) There
was evidence of improvement at -the
opening of the stock market today,
about the only weak feature being Sears,
Roebuck & Co., which was influenced
by the garbled stories growing out of
the expiration of the note syndicate
which was closed last night. That stock
fell. three points to 99 on a few trans
actions and then came back to 100.
. Southern Pacific was steadily taken, advanc
ing over 1 point to 109 H.
Steel common, after yielding H to 80 H , ad
vanced to 81, and Baldwin, after selling off
H to 93. rose 1 point to 94.
Royal Dutch rose 2 to 68 H. Tobacco
Product waa again under pressure, yielding 1 4
to 48 H. Crucible Steel fell ZH to 88 and
then rose to above 89. Mexican Petroleum
fluctuated over a wide range and after yielding
1H to 151 H. came back to 152 H. Califor
nia Packing dropped one point to 80.
Many stocks became acutely weak after the
opening and fell to new lows for the year, bnt
failed to cause any unsettlement in the general
list.
Crucible Steel dropped 64 to a new low
level for the year at 85. Crucible has held
firm during the heavy losses suffered during
the, past few weeks and many sold the stock
on th assumption that th price was out of
line with the rest of the list. Baldwin also
was pulled down to a new low of 91 H after
touching 94. International Paper reflected the
reduction of working hour in its Fort Ed
wards plant and dropped 1 point to a new low
of 45 H.
Steel common dropped back to 80 H after
touching 81. Reading wa active and rose 1
point to 85 ,H
Furnished by Overbeck A Cooke Co., Board
of Trade building:
Sties. I
STOCK.
I High. I I-ow. I Bid.
Agr. Chein. . . .
' 000, Ala-ska Odd.. . . .
. . . 1 . 1 A laska Juneau .
. lAllis-Chalmers . ,
llOOiAru. Beet till gar
70O!Am. Bosch ....
2600jAm. Can Co
2MOiAm. Car A Fdy.
700 Am. Cot. Oil. . .
200 Am. Express . .
500 Am. Hide & Leather
5200;Am, Intl. Corp.
2700jAm. Loco
1900Am. Ship A Com
1000 Am. Smelter ..
2100lAm. Steel Fdy.-
- 800 Am. Sugar
2000'jAm. Sumatra . .
.24 00 1 Am. TeL A Tel.
900Am. Tobacco . . .
1200IAm. Wool
lOOIAm. Zino
lOOOjAnaconda
200Assd. Oil . . . .
7 00! Atchison
200'Atlantic Coast Line,
69
28H
51
5 H
23
122 H
20 Va
" '7H
43
81 H
12
44 H
2 8
94 H
71
99
111
64
38"
99
84
107
94
38
2H
5
11 H
ii6"
.36
77 H
12H
20
34
03 V
79H
7 i H
34
30
89 H
' i H
16
f" 4 'i
65
122 H
14
29 T
78
20
35
66 H
81 H
88H
33
2400iAt.. Gulf fc W.
14100 H.ildwia Loco. ...
C400iBalto. & Ohio. . . .
500Beth Motors
500iBooth Fish
300. R. T
SOOiutte C & Z . .
400;urte & Sup
I Caddo Oil .
(Canadian Pacific . .
HOOjCentral leather ...
I Chicago & N. W. . .
900Chicago Gt V. . . .
15U0iChili. Copper
3300(hino , ...
8800jC, M. & St P
1700 C. AO
600 Consolidated Gas ..
Cons. Cigars
9800 Corn Products . . . .
Cosden Oil
800 C. R. I. k. P.
1750jCrucible
400 Dome Mines
1200 D. A R. G
3200 Erie
Fed. Mns. &. Smelt
3 300 Gaston Wms. ......
1300Gen. Cigrs
.uxiiifcn. Klectnc . . . .
1700jGen. Motors
Great Nor. Ore....
i do pfd ,
"OOjGreene Cananea . .
4001Guif States SteeL,
Haik Barker
700-Houston Oil
3001111. Cent .........
8200Inspiration ,
lOuiInt. Agr. Corp. c.
(Interboro .......
600(Intcrstate Callahan. 7H
700Int Harvester 92 H
2900ilnt Merc Marine... 15 H
1500 Invincible Oil 23 H
4100 Island Oil 5
220O1K. C Southern. ... i 20 H
3200K.cnnecott . 19 S
200!Lack. Steel
11 00 Lehigh. Valley 48 H
IOOiL. & 3.
10600fMex. Pet 1155
SOOjMiami 16 4
6500 Middle States UU. . 12
150OMidvale Steel .... 31 H
400 M., K. fc T 3
IMont Power .
1M0. Pacific . .
Mont Ward .
B00Nat Enamel .
800Nat Lead ,. .
1400INevada Con..
7 4 00, New Haven . .
700N'orfolk ft W.
7500iN"or: Pacific.
. . . . . IN. Y. Central . . .
lUkia. proa, ret ... ,
HOOlOntario A W...,
Pacific Dev
ROOiPac Gas A Elec. ,
6 100 Pan. Am. Pet
lKOOlPenna
SOOjPeoples Gas ......
CyooiPnre Oil........
400jPierce Oil
800jPresed Steel Car.
1500:Puliman
. . . . . 'Ray Cons
1500;Reading
200 Remington
4001Replogle Steel . . . . .
400iRepublie I. A S. . .
4700jKoyal Dutch Oil ..
SOOiShattuck, Aria....
(Sinclair
15 500. Southern Pacific .
12000!Southern Ry.
500 St. L. A S. F.
68 H
28
49
64 H
22 H
119H
20
41H
80 H
11
42
20
90 H
67
Ts
10
63
oi" '
98
82 H
104
91 H
35
.2
4 H
104
114 H
36 H
75H
8H
12H
I9H
32
61 H
7V
'csk'
32
29
85
......
14",
'3H
54 H
120 H
13 H
29 H
76H
19 H
34
66
79 H
87H
32
7
90H
14
22 i
4
19
19
48"
151 H
18H
11
80',
3H
800
4500
'1766
9700
210Oi
4 800
7100
1800
800
Stromberg Carb,
Studebaker
Swift & Co. . . .
Tenn. Cop. A Chem.
Texas OH
Texas Pacific . . .
Tob. Product . . .
Trna. ContL Oil.
Union Oil Del. . . .
Union Pacific . . .
V. S. Ind. AJcohoL
U. 8. Rub
S. Smelting. . .
Steel
3700
800 U.
2400; U.
8100 Utah Copper
1200 Ya Chemical ....
8600 Vanadium Steel ..,
600 Wabash
..... W'ell Fargo ,
1600, Western Pac .
K300Weatingh'se E.AM.
14100iWiUys-Orer!and ...
22 HI
19 4
45H
68 H
8
24 H
97
85 HI
75 I
3 'A
1SH
48 U"
73 I
40 H
34H
83 H
11
79 i
101
10 H
86 H
33 H
79
66
68
5H
25H
110H
24 H
" 23
41
42 H
"Vh
47
21
60
22
120 H
70 H
60
44.H
81
6114
38H
45H
9
'32
41
7
21 H
1H!
45 H
67 H
8H
23HI
96
82
73HI
3 i
1H
47''
72
40
83
81 H
11H
76
100 H
10
84 H
82 H
75
64
66 H
5
25
109 H
22
22H
88H
1 41
'-7H
46 H
20 H
48H
8H
21 H
117
67 H
69
41
80
50
87H
42H
8
'31'
40
6H
1
1
28
49
65
23
122
20 H
11-6
7 H
42
81 H
U H
44
27H
I 91 H
70
09
111
63
7
37
98
83H
ioi"
93
37 H
'2
12 H
4
10
13
1 1 5 H
36 H
76
8
12
19
33 H
C3
70
54
71
33
29
87
11 u
1
15
6
8
64 H
122
13
29
77
10
34 H
65
80
32
14
4
7
90
15
23
4
20
19
48"-100H
154
16 H
11
30
8
67
22
19
45
68 .
8
24
96
85
75
3
18
19
47 H
73
40
84
33
I 11
79
101
10
86
32
77
68
67
5
25
110
24
28
41
42
100
7H
48
20
49
8
21
120
6ft .
60
45
80
51
38
44 H
8
45
81
41
7
Total sales for the day were 607.500 shares
with bond sales of $6,567,000.
Total weekly stock sales amounted to 5,779,
POO shares with bond sales (or the week of
$88,141,000.
Liberty Bond Sales
(Furnished by Overbeck A Cooke company)
mgn.
. . . -9264
Liberty !Ul
Liberty 1st 4s. . .
Liberty, 2d 4 ..
Liberty, 1st 4 s
Liberty. 2d 4s.
Liberty, 3d 4 s ,
Liberty, 4th 4s
Victory, 4a ...
Victory, 3s ....
8710
8578
8860
8588
9598
9599
Low. Close.
9220 9222
. 8630
8560
8660 8662
85,60 8570
8820 8842
8576 8976
9580 9594
9570 9594.
m SLIP HEAVY
at no. mm
Loss of About $1.50 Is Shown for
Six Days--Cattle Feeder Trade Is
s
Considered Favorable.
PORTLAND LIVESTOCK RCN
This week ;3152 2920 294 4 652
Week (go 2501 8197 838 6669
Two weeks ago 1986 2861 210 5335
Four week ago.... 4353 3325 294 8654
Year ago ..5084 2664 154 2606
Two year ago 6400 1892 100 1340
Three years ago.... 6356 2727 182 2473
Four years ago. ... .4280' 2139 307 3531
Total run of livestock at North Fort
land for the week included 172 cars
compared with NO a week ago, 128 two
weeks ago, 177 four weeks ago, 159 a
year ago, 176 two years ago and '174
cars three years ago. Cattle ruled
weaker and lower, hogs were badly de
pressed while an undercurrent of weak
ness was indicated in the sheep trade.
Some fair increase in the volume of hogs
marketed was shown at North Portland for the
week. Demand wa below arrivals practically
all through the six days' trade and prices eased
off. Th week started with top hogs at $14.23
generally, a loss of 7 5c from the previous ses
sion. There v.ss a further loss of 75c during
the week, with the closing rather sl- w at $13.50.
At the closing of the week irbegsn to look
aa if the market for hog-i was getting to the
extreme bottom and a reaction within the im
mediate future would not be at all surprising
However, there is no indication that any mate
rial improvement in the hog price can be forced
.$12.0012.50
. .11 6(fe 12.00
. 8.25 10.25
. 10.00 10.50
. 10.00 12. OU
. Geaeral hog market range:
Prime mixed .' . . . t
Pmooth heavy ,
Rough heavy
Fat pigs .'
Feeder pig
Cattle Run I 8 ma) lee
Fractional decrease was shown in the run of
cattle at North Portland for the week, as com
pared - with the previous six days. There waa
practically no change in prices, so far as the
general list was concerned, altnougu sales in
general were fractionally below those of the
previous week, quality considered.
Noticeable in the week 'a trade wa the eon
tinuaUon of an excellent demand for feeder
Btuff. This week s sales were among the hear
iest known recently and indicates that the cattle
trade is not aa badly scared a the fall of prices
would indicate.
General cattle market range:
Choice steers t 8.25 9.00
Good to choice steers 7.23 8.25
Medium to good steer 8.25 7.25
Fair to good steers .......... 6.00 6.75
Choice cows and heifers ...... 6.25 ( 7.00
Medium to good cows and heifers 4.25 5 2
Fair to medium cows and heifers 3.25 4.25
Canners .....-. 2.60 8.25
Bulls 5.00 6.00
Choice dairy calve 13.00 14.00
Heavy calves . . 7.00 9.00
Beat light calvesi 1 1.00 13.00
Medium light calve 9.00 11.00
Choice feeders 6.75 7.25
Fair to good feeders 5.75 0.75
Mutton Rather Dull
While prices were in general considered steady
in the North Portland sheep and lamb alleys
lor the week, the closing period showed
slightly easier tone for the latter, although
prices showed no change from the prerious
week. ihe weeks run was materially decreased
Iroin tne Dig snowing ol the previous period.
General sheep and lamb range:
East of mountain lambs .$9.50 10.00
Dee.
May
Jan.
Not.
Jan.
Jan.
Dee.
May
Dec.
May
Cash Bsrleyi 88c $1.08.
Willamette valley lambs
Feeder lambs .
On 11 lambs
Yearlings . ,
Wethers
Ewes
8.50 9.00
8.00 8.50
5.00 6.O0
6.00 7.50
A.00 6.50
1.00 4.50
Disposition of Livestock
North Portland for the week :
Delivered to Cattle. Calve. Hogs. Sheep.
Barton A Co ... 80 . . . 94 1142
Crstns Pkg. ...... 56 ... 690 844
Chambers Pkg: .... 81 108
Ray Fairchild 121 -1
L. Otto .' 98 ...
M. J. Gill 4ft ... 00. J35
Henry Pkj. Co 135 2 352 ...
T. It. Howitt 112 ... 230 207
Cnited Meat 60 1 .... 151
F. L. Smith ...... 110 76
Schloaser Bros. .... 85 ... ... 64
Sterrett Pkg 75 5 ' 127 550
Swift A Co 929 133' 1342 1120
North . . 375
Miscellaneous 1 1 4 1 .1 . 74 88
Oregon feeders .... 751 60 474 809
Am.
Am.
Am.
Maturity.
9
10
O OA
2
SHORT-TERM '
Quotations furnished by Clark,
Security
Am. Cot Oil 6s. . . .
Am. T. ft T. 6s. . . .
Am. T. & T. 6s
Am. Thread Co. Cs. .
Tobacco 7s
lobaceo vs. . . .
Tobacco 7s. . . .
Am. Tobacco 7s. . . .
Anglo. Am. OU7s.
12.
11.
11.
11.
11.
4,
7
. ,
. 1
. 1
. 7
. 7
.11
Armour Conv. 7s
Belgian Gov. 7s
Bel;fan Gov. 6s. .
Belgian Gov. 6s. .
Bethl, Steel 7s. .
Bethl. Steel 7s. .
British Gov. 5 s.
British Gov. 5Hs.
Canadian Gov. 5 Ha.
Canadian Gov. SHs.
Cudauy Packing ".
Inter. It. T. 7s
Japanese Got. 4 Hi.
avennecott Co. 7s . . . I
Ligg. Myers Tob. 6s. li
Molina Plow 7s .... I
Moline Plow 7s .... I
Moline Plow 7s .... J
Moline Plow 7s .... I
Nor. Pac. Equip. 7a.
Pacific Gaa 7s
Swift 6s ....
U..8. Rubber 7
1.
1.24
1.28
I.20
1.21
1.22
1.23
1.25
15.30
1,45
1,21
1.25
15,22
13,23
1.21
11, 1,22
8. 1,21
8. 1.29
7.15.23
9. 1,21
7,10,25
1,30
1.21
1.21
9, 1.22
9, 1,23
9. 1.24
5.15,27
6, 1,25
8.16,21
12. 1,23
OTES
Kendall
Bid.
90
95
H
93
!4H
99
99
99
99
93
97
99
89H
97
99
98
94
9H
91
97
70
74
93
97
98
95
94
93
99
96
97
97
Co., Inc.
Aked.
01 H
95
!4
93
DO
100
100
100
100
95
97
99
90
9
99
98
93
98
91
98
72 I
74
93
98
97
97
Foreign Exchange Market
New Tork. NoT 20. ii;. T. rnn -r-
change closed higher today. Demand sterling.
13.46; francs, .0607; lire, .0379; marks,
.0139; Canadian dollars. .8950.
Overbeck &
Ccoke Co.
Stocks, Bonds
Cotton, Grain, Etc.
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Members Chicago Board of Trade
Correspondent of Logan A Bryan
Chicago ew York
ll$-fl7 Board of Trad Bonding
Henin & Rhodes ,Inc.
Established 1380.
Railway Exchange Bldg.
Fast Private Duplex Wire
"COAST TO COAST.
Stocks. Bond. Grain Cotton, Miscellane
ous Securities and Liberty Bonds, bought
and sold for cash or conservative margin.
Members Chicago Boartf of Trade.
Correspondents E. F. Hutton A Co.
MEMBERS
New York Stock Exchange.
Hew York Cotton Exchange.
Mew Ortean Cotton Exchange.
Offices
Seattle, Portland, Tacoma,
Main 2$ 3-24.
General Insurance
BONDS
McCargar, Bates & Lively
I eon Buildiaz Main 168. A-2694
Chicago Wheat Is
Lower at the Start
Of Saturday Trade
Chicago. Nov.- 20. CI. N. S.) Short
covering rallied grains late, but the list
waa well under previous closing levels
at the last. It was another bear day
with total lack of buying the feature ex
cept from shorts who took their profits
and support at times from seaboard
houses against sales for export. Liqui
dation waa again In evidence.
Closing prices for lecember wheat
were at declines of JVi to 3o and 4
to 5c for March. December corn dropped
2Viv to 2c, May 1 to 2c and July
1 to 2c, December oats lost to lc,
May He and July c Provisions were
bharply lower.
Chicago, Not. 20. (t.- N. 8.) Wheat
started unchanged to e lower for December
nd H to c off for March. There was scat
tered selling by commsasion bowe with buying,
liter the opening, by houses with seaboard eon
nectiou. Value rallied promptly.
The corn market had a good rally Immediately
aftor the start on extensive buying by a local
cunmlaaloTi house. Opening priors were to
c lower tor December ; to H o lower for
May and to He tower tor July.
Short covering caused a rally in oat after
Ofti opening which was H to c lower for De
cember and unchanged to c off for May.
There wa little trad mi provision aud th
market wa steady at the opening.
Chicago range, by t'niu-d Press:
WHEAT
Open. High.
172 174
163 165
CORN
6 7
72 72.
OATS
Dec
Men.
Dec.
May
Low.
165
157
03
69
Clore.
169
159
64 "
70
.44 45 43 43
48 49 47 48
PORK
..... 2310 2320 2290 2300
LAUD
1920 1920 1902 1902
1500 1500 1475 1477
RIBS
1280 1283 1250 1270
RYE
' 452 162 148 149
..... 138 188 135 13S
BARLEY .
...... 71 70 8T 61
, 74 75 Jo 70
Cash Wheat No. 1
3 red, $1.90.
red, $1.941.95; No.
Optimistic Tone
But Lower Price
In Boston Wool
Boston. Man.. Nov. 20. Wool men, ara
mora optimistic regarding, th probable course
of th market, at least this is th attitude of so
influential section of the trad. While lower
price than spy hitherto -mentioned have been J
accepted the past mi. it 1 felt that at least
the botom hen-been reached.
Mnrh of th current aptlmtam J due to tha
probaNliy that th traffic Issue will ' come to r
the front' at the coming session of congress. A
persh tent rumor U .aflmU that President Wilsoa ,
will not Interpose .any objection : to ; the relief
by th wool grower nd others, provided, con
gress ean agree upon a reasonable bill. '
Manufacturers gradually are getting into S
buying frame of mind. Even thouch Ihe prices
paid aria low, sellers are thereby enabled to ti,ts
loave. Occasional rumors are heard in th
Trails regarding some bjg transactions pending.
Manufacturers are beginning to show that thtJr.
I'cultive instinct lias not, died entirely. They5 I
will buy when price are "right" and a posaibl
outlet foe purchases-of raw materials is In sight
Receipts for ' the week : Domestic, 1. 319.833
pounds; foreign, 181,700 pound. .-
Alfalfa Demand Small
Ontario, Or.. Nov. ?0 WTh alfalfa growers
of Malheur county r eiperiencing great diffi
culty in disposing of their product. It is net no
much tlia price a to find a bnyer at prevailing
prices, which ranges from $8 to $10 a ton, de
pending to some eitent upon facilities for water
ing and sheltering stock that ar furnished by
the farmer selling., the hay. len then 10 pvir
cent of the crop ha been sold, and some of th
farmers are buying stock to feed, believing that'
they ran make a better price for their hay by
feeding it, rather than accept going prices.
LOCAL SECVRITIES
Prices Quoted are based on what Is bid and
asked. Furnished by llerrin A Rhodes, Inc.
Bid.
Pacific Gas A Coke Co., pfd...
Portland R.. li P. Co.. c ...
Portland R.. ST & P. Co.. pfd.
Pacific State T. & T
Paeifio States iFire Ins. Co....
Fisher Flounnf Mills, pfd
Beaver States Motor
Kilbara Ptg. Co., 7a
Western Rubber Co., pfd
Am. Lifeograph Co.
New Corporations
Articles of incorporation filed with'
the Multnomah county clerk: Quhllty
Auto Top & Tainting company. Port
Innd, $:000; incorporators. M. J. Sldwa,
Nick Ryan and K. It. Ityan American
Printing & Lithographing company,
Portland. $100,000; incorporators, Ueorgs
T. Oalligan. Carl EL lfidgeway and A.
1L. McCurtaln. Hecond amended articles
were filed by the Peninsula Security
company, tfcrough its board of trus
tees. Thomas Autzen, R. M. Tuttle,
Charles H.. Carter. J. N. Edlefsen. Ed
S. Currier, C. H. Russell. E. F. Doyle
and F. P. Drinker. The capital stock
la placed at $150,000, ' .
95
17
93
. 3
.130
Ask.
loo
0H
11 H
83
25
100
95
100
5
175
Chicago Potato Market
Chicago, Nov. 20. (I. N. S.) Potatoes
Receipts, 90
Ohios, $2.10
New
New Tork.
(in bulk, barrels
by white, $31
3.WO.
cars.
'2.25;
Minnesota and Dakota.
Wisconsin, $2.00.
York Potato Market
Nov. 20. (I. N. 8 ) PoUtee
or bags) Market firm. Near-
00(8 4.50; Southerns, $2.75
Spauldlns Lumber Firm
Salem, Nov. 20. The Spaulding-Miaml
Lumber company, with headquarters in
Portland, has filed articles of incorpo
ration with the state corporation depart
ment here. The company is capitalised
at $500,000 with the following incorpo
rators: Charles K. Rpaulding, C. S.
Funk and II. M. Johnston.
Portland's Bank
Clearings Lead
Seattle $5,000,000
At the close of business the . third
week of November Portland's banks
added a handsome amount to the
lead they have over Seattle's finan
cial institutions in the amount of
bank clearings-. At the present rate
of business Portland's banks will
end the month with a lead of about
$8,000,000 over the clearings ot the
Seattle banks.'
The totals' for the past three weeks
are as follows :
Portland.
1st weekL.$ 35,627,547.52
2d week.i. 35.969.057.00
3d week... 40.050,388.16
Seattle.
$ 34,593,459
34,704,324
37.549,331
$111,646,992.68 $106,847,114
Portland's lead, $4,799,878.68.
High-Grade
Soils
. : -1
Cltv of Forest Grove 9'
Maty 1921 to 1U3H. at 100,
. yield 6.
City of Tospeofsh J's
Mary im to 1H28. at 100,.
yield 1.
Sears, Roehnck A Co. J's
Mat'y Oct. 15, at 98.72.
yield 7.70.
Galma-Slftoal Oil Co. Vt - '
Maty Apr. 1, 1930, at 83.60,
yield . , . j
National Leather Co. 8's
Mat'y Nov. 15, lUlTa, at ,100,
yield
- Cash or Tartial Payment Plan.
Ask for details. Call j or phone.
Wire orders "collecL"
FREEMAN,
SMITH"
ft
OROUND FLOOSI CAM P
LUMSCWMKHS BUILOIN :
riFTM AND BTABK i CO
-waT ST
Look Before You Leap
"Do not put your savings into any investment
proposition without thorough investigation."
This is one of the doctrines taught by the Better
Business Bureau of the Portland Ad Club, an or
ganization maintained to enforce honest adver
tising and selling practices. . " '"
Morris Brothers, Inc., a member of this organ
ization, endorse its principles and contribute to
their support.
Northwest and Canadian Issues
Yielding 7 to 9
$23,000 6 Improvement Bonds
City of Vancouver, Washington
Local Imp, District No. 161
Yielding 7 SSIVffi--
Dated Oct. 1, 1920. Due Oct, 1, 1923 to 1330. Optional on and after
oct. i, lazi. .prices rrom z.4 to 97.40. Denomination $500.
$37,500 Improvement Bonds
City of Seaside, Oregon
G General Obligation Bonds
Yield 7to 7.50 &.tTF.rx0M
Dated Nov. U 1920.
from 92.41 to 98.58.
Matnrlnir wrlallv fr n?r tA tin
Denomination $500, j
Prices
The Unsold Portion, City of
Edmonton. Alberta Province
6 General Obligation Gold Notes "
YJj11iricr Q Exempt From All Donlaloa
llCiUIIeg a7'w Government Taxation , v. ,
Dated Sept. 1, 1920. Due Sept. 1, 1922. Price 95.04. Denominations
$100, $500 and $1000. j . j f :
Principal and semi-annual Interest payable In V. & Gold Coin at
designated places and at the offices of Morris Brothers,' Inc.
Telephone or Telegraph Orders at Car Expense. ,
MORRIS BROTHERS, Inc.
"The Premier Municipal Bond Hosse" , I
Established PORTLAND, OR. MORRIS BLDG. j Capital
Over a 309-11 STARK BROADWAY 21S1 s One
Quarter Other Offices at tieattle, Tacoma, i Million
Centnry Wash., and San Francisco, CnU '( I- Dollars
8V
' i 1 ,
ebsi SAFE DEPOSIT BOXES
... L