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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Dec. 15, 1920)
THE OREGON DAILY JOU RNAL, PORTLAND, OREGON. WEDNESDAY DECEMBER 15, 1920. GOVERNMENT REPORT USED AS WEAPON BY BEARS RECOVERIES CONTINUE IN NEW YORK STOCK-MARKET 10 E ASTERN SH PMENT RULING IN EGGS ' Even though New York prices on eggs have been reduced somewhat during the last few days, the value, there la still sufficiently , high to force shipment in thaTdlfectlon." Trend of the local trade Is strong. Receipt of eggs along Front (tract ere moderate. F. o. b. bidders are generally offer ing 59e a doses for eurrent receipt, although as feign- as 60c hu been offend and paid for shipment of proTed quality. Cold storsge tui are inclined to stesdiness with gond muff rather scarce. . Tbia is reflected in the fresh egg -market "situation. Portland ha become the carload egg shipping point of the Pacific Northwest Not only are the supplies tent from Willamette valley points but the bulk of the Western Washington produc tion is coining in this direction. Those desiring special information regarding any-market should writ the -Market Editor Oregon Journal, enclosing stamp for reply. - BUTTER TKADISG 8TEABT HERE Trade' In the butter- market to showing a fjtesdj tone here. While tome of the city creameries are q noting cubes at 50c a pound, extras are generally lilted at 48 49c a pound. TURKET SUPPLIES ARE JfO.MIVAL Market for turceys is showing nominal sup- Llies here. Most of the dressed stock of quality selling around 4050c a pound, but a limited trade was reported at 52c However, the. lat ter was- eoniidered excessive and' not indicative of the general market FEW CHICKENS ARE NOW COMING Few chickens are now reaching the local trade. Demand if not keen and in general there is little snap to the buying. ' Prices are as previously quoted. A entail amount of dressed stock is coming. POTATO TRADE IS DEMORALIZED Trade in the potato market is thoroughly demoralized here and in California. Supplies in the South are so extremely heavy that prices have dropped to the lowest level known for many years. There J no buying reported at country points. Onions show a very quiet tone. APPLE MOVEMENT IS IMPROVED t Improved movement of apples is shown locally with considerable buying - now reported for the holiday trade. Prices are reflecting no improve ment but the market is healthier. BRIEF NOTES OF PRODUCE TRADE Eggplant green peppers and sprouts from the South 1 7 4 e round. Oranges are down another naif dollsr a box. Country killed veals firm; hogs about steady. Snowdrift cooking compound down le a pound gain. Cranberry supplies almost exhausted at coast bog points. WHOLESALE PRICES IN PORTLAND These are prices retailers psy wholesalers, ex cept as otherwise noted: Dairy Products t BDTTEft Selling price, box lots: Cream ery, extra, hatchment wrapped. 53c per lb. Jobbing prices: Cubes, extras, 48 50c per lb.; dairy baying price. 80c per lb. BlITTEKFAT Portland delivery basis. 50 61c, bet grade; country stations, 44 47c CHEESE i Selling price: Tillamook, fresh Oregon fancy triplets, 83c per lb.; Young Amer icas. 84c lb Prices to Jobbers, f.- o. b. Tilla mook: Triplets, - 3 0c; Young Americas, le. Selling price: Block Swiss, 48 49c; timburger. 40 42c per lb. . EGGS Bnying prices: Current receipts. 69 60o per do.; candled, selling price, .63(8 65c per dox.: select. 67 69c per doa. LIVE POULTRY Selling price; Heavy nens, 25 26c per pound; light hens, 17$ 18c per pound; inng, light 2830ej heavy, 21c; oM roosters. 12 14e per pound! turkeys, live, as 87c; dressed 45$ 50c; ducks. 2830e: geese. 22 0 25c. Fresh Vegetables and Fruit FRESH FECIT Oranges, 14.00 4.50 box; banana. 12 13 He lb.; lemons, $4.75 : 08.25 a erate; grapefruit, Florida, $8.00 BO; California, $3.00; pears, $1.502.50; (rapes, 20a per lb.; Jap oranges. $3.00 bundle, APPLES New, $1.0003.25. DRIED FRUITS Dates, Dromedaries, 17.85; Fard... $3 60 per box; figs. $2.00 4.00. ONIONS Silling price, to retailers: Local. 1. finf garlic, -15c; green - onions, 40o docen -bunches. - ' - POTATOES Selling price: .Oregon fancy 11.50 fa) 1.75-; rweeu. 45e per lb. BERRIES Huckelberries, 1618c lb.; cran berries, local, 16.00 6.25 per box; eastern. $1A "Off 20.00 libl. . ' VEGETABLES Turnips, $2.00 per sack; rarrota, $1.50; beets, $1.75; lettuce, $2.50 a 2. nap (-.. t if.n .n H 1 . . . . California. 83.60 4.00 per lug; egg plant, 15 20c; broccoli, $1.60 1.75; bell peppers, 15 17tte lb.; celery. 90c$1.00 doa.; Hubbard aquaab. 2 & 2 V e per lb. Meat and Provisions COCNTRT MEATS Selling price: Country hog. 15 H & 16c per lb. for top blockers; heavy. 1314c; veal, 16c per lb.; heavy veaL 12c per lb. . 4 i SMOKED MEATS Ham, 25 0 33a per lb.; breakfast bason, 81040c LARD Kettle rendered, 26e lb.; tierce basis, compound. 15 He . Fish and 8hlfHh FRESH "FISH Fro sen steclhead, ' 1 8c per lb.; froxen chicook. 20c; halibut, fresh, 24c; aturgeon, I ); black cod, 11012c; kippered salmon. $2.50 per 10-lb. basket; kippered cod, $2.85; razor clams, I ); crabs, $2.7503.75 per dosen : ling cod, 6 (ffi 8c per lb. OYSTERS Eastern, per gallon, $5.00: Olympia, $5.50. - . ' Qreoerlea SUGAR Refinery basis: Cube. $11 25; fruit and berry, $0.50; D yellow, $8.90; gran ulated. $9.50; extra C, $8.80; golden C. $9.00. HONEY New, $8.00 per case; bulk. 18c per lb. RICE Japan itjle. No. 1. 7 He; Blue Rote. 10c per Ib. SALT Coarse, half around. 100s, $17.25 ,per ton; 60s, $18.75; table dairy, 60s, $27 25; .bales, $3.60 04.00; fancy table and dairy. , $34.50; lump rock, $26.50 per ton. BEANS Bale by Jobbers: Small white, c lb.: large white, 6e: pink, 7c; per lb.; limas, 10c; bayou, 9c; reds, 7 He; Oregon beans, buying prices, nominal. -. CANNED MILK Carnation; $8.00; Borden. $6.00; Astor. $5.90; .Eagle, $12.60; Libby. $5.90; Mount Vernon, $5.90 per case, COFFEB Roasted, .19 02O in sacks or drums. I SVSA CRACKERS In bulk. 18e par lb. ljTihW"iBUU' 23 26c per lb.; almonds. 37He028c; filberts, 82e in sack lota; peanuts. 14 H 015c; pecans, 25c; Braxua, 35c BP, Paint, Oils 1. pOPJ? 8,i,,',drtt' 16: whit.' 18e per lb.; standard msmla, 26 He. s, llbmvlYriW- bhU- ,10t - tla bcoled. bbla.. $1.03; raw. cases. $1.16; boiled, eases. $1,18 per gallon. - COAL OIL Peart or water white, in drama r nun barrels. 17 He gallon; cases, 30c per geLilOTl 41 HeSUNE Iron harrmla, 29c; cases, WHITE LEAD Ton lota.' 13 H.c; 500 lbs.. J.3 0 PT lo. TURPENTINE Tanks. $1.41; case. $1.86; 10 ease lots, le less. Hope, Wool and Hides HOPS Nominal, 1920 crop 25 0 28c ' HIDES Calfskin, 8 010c; kips, 7 0 C; Brown s Co. WHOLESALE PRODUCE 310 Koyt St. Portland, Ore. v WE BUY LIVESTOCK, HOGS. CATTLK and CHEEP. . OPE88ED HOGS UTTER nd COGS. L.VE and DRESSED POULTRY -POTATOES. ONIONS and GRAIN ALL KINDS OF PRODUCE WIRE OR WRITE US WHAT YOIT HAVE WE ARE CLOSE TO ALL DEP0T8 ' Refereacei: , State Bank of St. PanL. Oregoa Stocks. ' Beads, Cottos, oral, Ete. 11 tIT Board, of Trad Bafldlaf Overbeck&CopkeCoe direct; private wires to all exchanges Members Chicago Board of Trade - : CorretpoadeaU of Legaa Bryaa - Chicag. - xrk - tMAlUCET BASKET RETAIL PRKXT. " By Hyraaa H.-Cohea Again it is proven that the average storekeeper, who pays high rent and has other heavy expenses, is selling food stuffs cheaper than is done on the public market, where, the rents are too nominal to consider. Under the present system on the pub lic mafket, there are too many chances for combinations against the public, but it Is proposed to again resort to the maximum price as a weapon against overcharges. Practically all the stores in each side of the market those paying big rents are underselling the market operators on eggs and poultry and in many in stances vegetables are sold cheaper than the so-called producers, e - Meat prices continue to show decline and pork products are likewise lower in most of the retail shops as a result of the wholesale drop of the previous day. The following price ruled generally in retail shops for good quality. Some values are frac tionally higher and inferior stuff fractionally lower: Butter Bert creamery, 58 60e. Eggs Fresh laid, 7580o dozen; ordinary, 60 A 70c per dozen. Poultry Chickens, dressed, 8540e per db. Fih--8almon. 25 30c lb.; halibut BOe per lb. Flour Rest local patent. 12.80 3.00 per sack, 49 lbs. ' Potatoes Burbanks, 2c' Onions 2c QUICK RECOVERY MADE IN EARLY COTTON PRICE -New York, Dec. 15. (I. N. S.) Although the ottfrtl market opened 10 to 25 points low er today, in sympathy with easy cables and bearish consumption figures from the census bureau, it recovered rapidly and at the end of the first. 15 minutes was sbout 10 points higher than last night's close. Trade, Wsll street and spot house buying took up the contracts and gave the hat its firm tone in the face of the statements of the census baresu, which ap peared to have been. pretty well discounted. Spot cotton was quiet and unchanged here today at 15.80c No sales. There were reactions toward the close from the high levels. The final tone was steady with price 6 points lower to 19 points higher. Furnished by Overbeck & Cooke Co., Board of Trade building: Open. High. Low. Close. January February March April ....., May June July August . . . ... September . . . October Itecember 1510 1562 1510 4537 .... 1540 1515 1570 1515 1540 1550 1537 1580 1537 1551 .... 1560 1548 1583 134S 1558 1558 1567 1557 1533 1550 1580 ' 1550 1505 1555, 1505 Liverpool Cotton Steady Liverpool. Dec. . 15. ft. N. 8.) Spot cot ton opened in soisll demand. Prices were steady. Seles, 4000 bales. American mid., 15.41; good mid., 12.66; full rod.. 11.91; mid., 10.41; low mid.,- 7.66; good ord., 5.66; ord.. 4.66. , . ' Futures opened quiet DAIRY PRODUCTS OF THE COAST San Francisco Market San Francisco, Dec. 15. (U. .P.) Butter Extras, 61c; priane firsts, 50c. Egga Extras, 76c: extra firsts, 76c; extra pullets. 67 He; undersized, 67c. Cheese California flats fancy, 27c; firsts, 24c.,'' Lot Angeles Market Lo Angeles, Dec. 15. (L N. 8.) Butter. 54c, Eggs Extras, 75e; case count, 73c; pullets, 73c; peewees. 69c. Poultry Hens, 29031c; broilers, 40047c; fryers, 40c. Seattle Market New York. Dec. 15. (U. P.) Butter City creamery cubes, 52c; bricks, 53c. Eggs Fresh ranch, 65c; pullets, 55c Milk $1.90. Cheese-30c. POTATOES ALONG THE COAST Seattle Market ' 8eattle. Dec. 15. (U. P.) Potatoes Yakima Gems, $40.00 0 45.00; local, $25.00 0 30.00 per ton. tos Angeles Market -Los Angeles, Dee. 15. (I. N. S.) Pots toes Stockton Burbanka, $1.75 02.00, ac cording to quality; Idaho russets, mostly. $1.85 &2.O0; local, mostly. 90c 0 $1.00 per lug, San Francisco Market San Francisco, Dec 15. (U. P.) Pota toes River white, 11.60 $1.75; Salinas, $3.50; sweets. 8H3Hc -Onions Tellow and white. $1.50 01.78; Australian brown, 90c ff 11.25. Chicago Dairy Produce Chicago. Dee. 15. (L N. 8.) Butter Re ceipts, 6196 tubs; creamery, extraa, 49c; firsts, 44c; packing stock. 20 0 26c. Eggs Receipts, 1201 cases; miscellaneous, 64 0 70c; ordinary firsts. 65 0 70c; firsts, 73 0 75c; extra, 83085c; checks. 45 0 50c; dirties, 45 0 55c - Cheese Twins, new, 210 22c; daisies, 22 0 22Hc; Young Americans, 24 0 24 He; Long hems, 24 0 24 He: brick, 19c. Live poultry Turkeys, 88c; chickens, 16 0 24c; springs. 23c; roosters. 18c; geese, 24c;' ducks, 26c Grain Exports Smaller Washington. Dec. 15. I. N. 8.) Grain ex ports for the week ending December 11 showed a marked falling off. according to a report made public by the United States bureau of markets this afternoon. The exports for - the week of December 11 were as follows: Wheat. 3,3g5, 000 bushels as compared with 6,133,000 bush els for the previoun week; corn, 87,000 bushel as compared with 366,000 bushels for the pre vious week; oaw, 42.000 as compared with 57.000 bushels for the previous week; barley, 421,000 buidiels as compared with 815,000 bushels for the previous week; rye, 689,000 bushels as compared with 771,000 in the pre vious week. Dried Fruit and Beans New" York. Dec. 15. (I. N. S.) Beans Quiet. . Morrow choice. $9.00; pea, choice, $5.00 0 5.60; red kidney, choice. $10,00 0 10.25. . Dried Fruita - Market, 1920, quiet; apri cots, extra choice to fancy. 27 0 36c; apples, evaporated. prime to fancy, 6 012c: prunes, 30s to 60s. 14020c; do 60s to "1 00s. 8011c; peaches, extra choice to fancy, 18 0 21 He; seeded raisins, choice to fancy, 24 0 25c New York Metal Market New York, Dec 15. (L. N. 8.) Copper, dnll : spott December, January, February and March, offered 14 H. Lead -Dull; spot, December and January offered 6. Spelter Weak; spot ofrered 5.80; Decem ber. 5.60 0 6.89; January. February and March, 6.60 0 5.85. . New York Wool and Hides V a Wnb T. K it M CI Market easy. Domestic fleece XX Ohio, 29 0 62c; do pulled scoured basis,- 80 0 75c; do Texas scoured basis, 60 0 95c. ruaes narxet quiet. native steers, 18 0 19c; branded steers, 15 He New York Potato Market ' ' New York. Dec 15. (I. N. 8.) Potatoes tin bulk, barrel or bag) Market steady. Kearby white, 7 011c; Bermudas, $2.60 0 4.25; South ants, $1.50 0 3.00. green hides, 6 0 6eperlb. MOHAIR Long, 25c; short, 15c, TALLOW AND GREASE No, 1 tallow. 6e: No. 2, 4e. CASCARA BARK New. 8c lb. WOOL Coarse. 10c; medium, 20c: fine, 25o per lb. . New York Batter and Eggs ' New York, Deo. 15. (I. N. S.) Market firm. Creamery extras, 64 0 57e creamery firsts. 4204r; creamery, higher scoring 65 0 58c; state dairy, tubs, 33062c; renovated extraa 41042c. Cheese- Market - easy, 24 028c State whole milk special. 22 0 25c; whole milk, fancy, 2O0 2VHe. Wconsln Whole reilk fancy Young Americas, 27 0 29 He. state Skims, specials, 18 0 20c; skims, choice.' 15 0 17 He; choice to good. 12 014 He iV"MrkIt nwtn'- Nearby, white, fancy. 88069c; firsts, 83085c , MlnneapoUs-DoInUi Flax Duluth. Dec. 15.- (I. N. 8.) Flsx Da- $i.O0H: track. $2.07 H arrive, same, Minneapolis, Deo. 15. -L N. R I F1.T I2.O6H01.OTH; arrive, same. -'"x' Chicago potato Market - Chicago. Dec 15i (L N. s.) Potatoes) yrS'PS'A1 MianesoU and Dakota, Ohio. $1.30 01.45... Naval Stores Market New York, Dee. 15. (t N. s. Turpen tine Savannah, 92 H . last sale, November 20 New Y'ork 78. Basin Savannah. 11; New York. 875. FOR E T WEDNESDAY WHEAT MARKET IGN CLIQUE IS AGAIN IN CON ROL i' Bid. Loaa. Hard white fl. le Soft white 1.60 ' 8c White club i.'i e Northera spring .......... 1.9 8e Red Walla Ui 10c NORTHWEST CHAIN ! RECEIPTS Reported by Portland Merchants Exchange: Cars- Wheat. Barley. Flour. Oats. Hay. Portland. Wed.. Year uo. . . . . 27 18 5 i 2 165 415 123 2030 .... 4 Season to date.. 8101 282 1098 341 888 ::: I Year ago. ..... 4884 T acorn. Tues. Year ago. . . . . , Season to date, . Year ago. . . . . . Seattle, Tues. . . Year ago. 14 3958 3578 4 44 68 485 "i 2 184 394 70 118 2 8 234 414 605 638 2 4 982 740 17 Season to date. .2917 Year ago 8410 165 164 Just why the price of cash wheat of the present crop should be seriously affected by the government report on the com ing crop a report which means prac tically nothing so far as actually fore casting what the yield in' bushels will be Is one of the Mysteries of the trade that speculative interests are over anxious to take advantage of. Wheat started downward for options in Chi cago during the early Wednesday trade, giving a an excuse the bearish government .report. There is not the slightest doubt in the mind of the trade that values shea Id have been reduced no matter what the government report showed, because the international clique has decided that prices had climbed too high and a reaction snust be forced by artificial means. Wheat is no more plentiful today than it was a ik ago and the government report is used simply as an accuse to beat down values. Receipt of actual wheat at eastern centers are comparatively tmalL FLO IK Selling price, mill door: Patent. $9.80; Montana spring wheat, $8.75; Willam ette valley brands, $8.13; local straight. $7.90; bakers' local, $8.75; graham, $8.00: whole wheat. $8.20. Price for city deliveries, 15e extra; suburban, 20c extra. HAY Buying price, nominal. Willamette timothy, fancy, $29.00 030 00 per ton; clover, $22.00; cheat, $23.00; straw. $18.00 014.00; grain. $25.00: alfalfa. $22.00 0 23.00 per ton. . GRAIN SACKS Nominal. No. 1 Calcutta, 10c: domestic. 11c in car lota: less amounts higher. ' MILLSTUFFS Mill run it mill, sacked, ton lots, $37.00 per ton; carloads. $56.00. OATS Per ton. buying price: Feed, $41.00 0 43.00 BARLET Buvin nrieer Feed. 14? (in. min ing, $48.00. SEED Bnying price, nominal; no demand. Red clover, reeleaned. ( ) per lb.; alxik ( ; vetch, ). FEEDSTUFFS F. O. B. mills: RoDed br ley, $5100; alfalfa meal. $82.00; cocoenut meal, $37.00; cracked corn, $52. 00k whole corn. $49.00 ton: scratch feed. $65.00; aoy bean meal, $37.00; linseed-meal $74.00; whole oats. ou iiu; rolled oat. S5S.00 per ton. ROLLED OATS Selling price. $10 00 bbL Merchants' Exchange bids: WHEAT Dec. Jan. 163 165 160 160 161 160 No bids 160 160 155 155 Hard white Soft white ............. White club ... Hard winter Northern spring . . , lied walla FEED OATS No. 2 white No. 2 gray . 8700 3600 3700 3600 BARLEY No bills CORN No. 8 eastern (bulk),..,. 3500 3400 No bids o. s local (bulk) , Selling Movement Forces a Reaction In Chicago Wheat " " Chicago. Dec. 15. (L. N. . S.) Bear pressure that would not be denied forced grain prices to sharply lower levels for the day. Selling was persist ent and came' out on all meager rallies. The unusual weakness In coarse grains brought 'out liquidation in wheat. Liquidation in hog products carried values lower. -. - Final prices found December wheat 5c lower, March 66c off and May 7 7c lower than the opening prices. De cember corn dropped 2c May 34c and July 3c December oats lost 22c May, 2c and July 2c. ' Chicago. Dec 15. (L N. 8.) Wheat started with a general rush to sell because of bearish ' government report, but support was lacking. December opened 8 H e lower and March was oft 1 c to 4 H c First trade in May wheat was at $1.60. Corn opened with December 1 T4 e lower; May. 1 He to 2Hc off. and July lHoto 2Hc cheaper. Selling was of general character, while buying support was weak and scattered. - Trade in oats was dull with selling general as in wheat and corn, but with buying support poor. December was c lower; May was off He to le and July le down. Provision) opened dull and easy with selling by tome of the local packers. Demand was poor. :'' Chicago range of prices, famished by United Press WHEAT Open. High. .166 167 163 163 CORN Low. Close. 163 165 157 158 H 67 H 68 68 69 H 70 70H 44 45H 47 47 ; 4!i 47 2210 2210 1327 1330 1335 1337 1130 1135 1170 1173 152 152 B 137 188 67 B 71 71 R Dec. . . March , Hec. .. May .. . July .. Dec. ... 70 71 '. 72 70 H i 71 V 72 OATS 48H 46H Mav ... H 49 48 48V July . . pnnr Jan. ......2210 2225 ! LARD : Jan. . . .1355 lav. i May .1360 I860 i Tuns . Jan. .......1130 1160 May 1175 1197 RYE Dee. .... 154 154 May ...... 142 142 BARLEY Dec, ..... 63B May 73 72 Cash barley, 66 091. AMERICAN LIVESTOCK PRICES Chicago Hogt $9.25 Chicago. Dec. 15. (L.N. S.) Receipts, 30. 000: 10c higher. Bulk, $9.00 0 9.15; top $9.25; heavyweight. $8.9009.15; medium weight, $8.9509.15; lightweight, " $8.95 0 9.15: light lights, $8.90 09.25; heavy packing sows, smooth, .$8.75 0 8.90; packing sows, rough, $8.50 0 8.75; pigs, $8.50 0 9.25. Cattle Receipts. 9000; steady. Beef steers Medium and heavyweight, $12.50 014.50; choice and prime, $12.60014.50; medium and good. $8.25012.50; lightweight. $9,600 14.25: good and choice, $9.60014.25; com mon and medium. $6.25 0 9,60. Butcher cat tle Heifers, $4.40 010.35; cows, $4,23 0 9.00; bull. $4.75 0 8.25. Canners and cut ter Cow and heifers, $2.75 0 4.26; canner steers, $3.500 6.00; veal calves (light and handyweight) , $8.00 010.00; feeder steers, $6.25 0 9.00; stocker steers, $4.25 08.25; stocker cows and . heifers, $4.85 0 6.00. West ern range cattle Beef steers, $7.25 010.15; cows and heifers, $4.60 0 8.25. . SheepReceipts, 15,000; steady and dull. Lambs (84 lbs. down), $7.00 012.50; lambs culls and common, $8.00 0 8.75; yearling1 weth- eM 4fi IWt am KA, . wk a. a nt . culls and common, $2.25 04.50; breeding ewes. S4.0U&S.U0: feeder lambs. $9.50 (8 1 1.25. Kansas City Hogs SS.SB Kansas City, Dee. 15. L N. 8.) Cattle Ppinr ftftlln "1 1 i i IS .A A . n tin. . " (..VWAA.W, cows and heifers. $8.00 010.50; stocker and iveaers, .uuwiu.uu; calves, $7.00 010.00. Hoes Receipts, 11,000, steady. Bulk, $8.50 0 8.85; tops, $8.95; heavy, $8.60 0 8.85; light, $8.50 0 8.85: medium, $8.60 08.95. Sheep Receipts, 5500, slow. Lambs. $11.00 011.60; ewes. $4.6005.50. , Denver Hoe $9.18 Denver. Dec 15. rU, p.) Cattle Re ceipts 1O0; - strong. Steers, $7.00 010.25'; cows and heifers, $4.50 0 6.60 ; stocker and feeders, $6.00 0 8.00; calves, $7.00 011.00. Hogs Receipt 400; 10c lower. Top, $9.15: bulk. $6.50 0 8-75. . SAeep Receipt 2600; steady. Lambs. $ 010.25; ewes, $3.25 0 5.00; feeders. $8.25 v.oO.. 1.25 New York 8a gar and Coffee New York. Dec. 15. (U. P.) Sugar weak t Mv a A A es. i ... . ' Coffee": NV J Rio spot. 6 6e; No. 4 1 Canto. 8 010. HOGS OFF AGAIN; 111 IS NOW TOP WEDNESDAY HOG MARKET Toae Top. Portland tie lower v 11.80 Chicago .16c higher 9Si Kansas City .... steady 8.95 Denver 10c lower 9.1 PORTLAND LIVESTOCK RUN Hogs. Cattle. Calve. Sheep. Cars. Wed. 650 32 ... 100 9 Week ago . . 497 . . . ... 248 7 2 weeks ago.. 318 95 ... 151 9 4 weeks ago. 308 374 - ... 575 21 Year ago .. 22H 92 1 ' 621 14 2 years ago . 784 120 17 378 19 3 years ago . 68 147 ... 181 4 4 years ago . 576 175 4 429 17 Nine loads formed total arrivals at Nonth'. Portland for Wednesday trade with a further loss to $11 for top hogs, cattle were nominal, while no change was shown In the sheep situation. In the hog alleys fsncy swine did not move above the $11 mark for Wednesday at North Portland, a lost of fully 25 j from the previous day. On Tuesday the $11.25 sale were for non-diversion freight stuff, while tops on Wednes day had -the diversion rate. For that reason the decline in reality was more than the 25c noted. ueneral nog market range Prime mixed Smooth heavy Rough heavy ............ Fat piga Feeder pigs .$10.50 011.00 . 10.00 010.50 . 7.00 0 9.00 8.50 010.00 . 8.000 9.50 Cattle Trad Nominal With only 32 head a mere handful reported in the alley, the Wednesday morning cattle trade at North Portland waa on a nominal - basia. Latest sales indicated a steady tone. General cattle market range Clioice steers 8 50 0 8.000 8.75 8.50 8.00 7.50 7.00 7.00 7.00 6.00 6 50 5.00 8 50 6.00 Good to choice steers Medium to good steers. ........ Fair to good steers Common to fair steers Clioice cow and heifer Good to choice cows and heifers. Medium to good cows and heifer Fair to medium eowa and heifer Common cows and heifer Canner Bulls , Choice dairy calve . Heavy calves Best light calves Medium light calve Choice feeders Fair to good feeder . 7.500 7.00 0 6.00 0 6.50 0 6.00 0 6.50 0 6 000 4.000 2.500 6.000 13 00014.00 7.00 0 9.00 11.00 013.00 9.00 011.00 6.500 7.25 6.750 6.75 Mutton Holds Steady In the sheep and lamb alleys the Wednes day trade was consider! steady with no price changes indicated. Receipts were but one load. General sheep market ranae: Esit of mountain lamb . . . . . Willamette valley lambs Cull lambs Feeder .lamb Yearlings ................. Wether Ewe 7.00 0 6.00 0 5.00 01 5.00 0 5.00 0 6.00 0 8.00 7.00 6 00 6.00 7.00 6.00 4.00 1.00 0 Tuesday Afternoon 8alet STEERS No. 2. . 1.. 16.. 1... 1. . 1. . 3.. 4. . Av. lbs. Price. No- Av. lbs. Price. .. 876 $ 5.25 .. 875 6.60 . 635 $ 4.50 3. 15. . 860 .1057 . 980 . 830 . 980 . 850 . 955 . 105 . 120 6.25 6.00 COWS 4.C5 2.75 4.00 4.00 6.25 . 902 . 790 . 998 .1350 5.15 2.00 2.75 6.50 CALVES 4. 2. $12.00 I 3. , "J HOC 316 230 I 5.25 13.00 12.60 1. . G8 5 188 $11.10 8. . . .. 155 $11.25 7 237 9.75 3. 123 9.75 8 161 11.23 9.. 2 160 11.00 3.. 1. . . . 410 8.00 3. . 6 173 10.75 1.. 14.... 186 11.25 7.. 2.... 280 8 00 2.. 3.... 130 9.75 1.. 2.... 470 8.00 8.. 1.... 300 9.25 13.. 2 330 8.00 2. . 8 170 11.00 2.. 1 370 8.00 13.. 15 226 10.00 2.. 8 218 11.00 10.. 2 240 11.00 1.. 8 235 11.00 ' 8.. 1 690 9 00 17.. 8.... 180 11.00 3.. 17 242 10.50 4.. Wednesday Morning COWS . .. 190 ... 156 . .. 230 . .. 150 . .. 195 . .. 175 . .. 430 . .. 272 . .. 195 . .. 150 . .. 125 . .. 220 . .. 320 ... 181 ... 270 . .. 235 . .. 260 . .. 153 . .. 230 Sales 11.00 11.00 11.00 8.75 11.25 11.00 8.00 11.25 11.25 10.00 9.75 11.00 9,00 11.00 10.75 11.00 11.60 11.00 11.00 No. Av. Lbs. Pricel i No. Av. Lba, Price. 1 560 $ 4.50 I 4 895 3.50 2.... 1100 5.00 LAMBS B 74 $ 6 00 I 27.... 83 $ 7.50 27.... 87 7.50 I 10.... 63 6.00 EWES 10 129 3.00 11.... 123 3.00 21. . . . 121 $ 3.00 1 STEERS 4 785 $ 5.50 I 1 417 $ 5.50 24 717 5.50 I 4 1267 6.25 YEARLINGS 6 90 $ 5.5H SHORT TERM NOTES Quotations furnished by Clark, Kendall & Co.. Inc' T Maturity. Bid AkL Am. Cot Oil ffs. . . 9- 2-24 89 90 Am. T. ft T. 6s... 10- 1-22 94 93 Am. T. tc T. 6s... 2- 1-24 93 93 .'aa. Thread 6s ... 1- 1-28 92 95 Tobacco 7. .. 11-1-21 99 100 Am. Tobacco 7s .. . 11-1-22 95 100 Am. Tobacco 7s .. 11- 1-23 99 100 Anglo-Am. Oil 7H. 4-1-25 99 99 Armour Conv. 7s . 7-15-30 95 H 95 Belgian Gov. 7 Ha. 6- 1-4 5 95 95 Belgian Got. 6s . . 1- 1-21 99 99 Belgiai. Gov. 6s . . 1- 1-23 90 90 H ItethL Steel 7s . . . 7-15-22 97 93 Beth. Steel 7s.... 7-15-23 95 H BritL Get. 5s.. 11- 1-21 97 98 British Gov. 5H.. 11- 1-22 94 95 Canadian Got. 5t 8-1-21 98 98 Canadian Gov. 6 . 8- 1-29 89 89 Cv'-.hy Packing 7a 7-15-23 96 97 Inter R. T. 7s 9- 1-21 67 69 Japanese Gov. 4 Ha 7-10-25 74 H 75 Kennecott Cop. 7s. 2- 1-30 91 '2 I igg. Myers Trb. 6 12- 1-21 97 98 Molina Plow 7s... 9- 1-22 98 Moiine Plow 7 . . . 9- 1-23 95 Aioline Plcw 7s . . . 9- 1-24 94 Nor. Pacific Eq. 7a. 5-15-22 99 1 j'ic Gas . .. 5- 1-25 96 Swift 6s 8-15-21 97 98 U. 8. Rubb - 7s. .. 12- 1-23 97 .. FOREIGN EXCHANGE RATES C Directed daily by the foreian exchange de partment of the United States National bank. Quotations below, except the pound sterling, are quoted on the basis of 100 units foreign cur rency Opening nominal rate on bank transaction: Draft Cable Par London Check. Transfer. Value. Lbs. sterling. $ 3.434s $ 3.47 $ 4,866 Paris Francs.. 6.87 5.88 19.30 Hamtrarg-Bremei Marks 1.36 3.40 7.45 14.95 14.70 19.50 58.50 49.75 77.00 1.36 3.47 7.55 15.00 14.75 19.39-' 57.00 50.00 7750 23 81 19.30 19.30" 19.30 26.70 26.70 Genoa Lire. ... Athens Drachmas . Copenhagen Kroner . . . . Christiania Kroner Stockholm Kroner Hongkong Currency . Japan Yen. . . Shanghai Taela 48.84 Liberty Bond Sales High. Low. Clo. 9040 9000 90.28 . . . . .... 8590 K02 8616 8602 8612 8534 8520 8530 8800 8780 878$ 859 8562 8590 9514 9500 9500 9512 9498 9500 ' . : , Liberty, 8 H Liberty, 1st 4a. . . Liberty. 2d 4s Liberty, 1st 4 Liberty, 2d 4 s . Liberty, 3d 4 . Liberty, 4th 4 a Victory, 4 ... Victory. 3 s ... Packing Plant Closed Lewiston, Idaho, Dec 15. The Oregon Pack ing company here has closed for the season. The company reports that 2400 ton of fruit and vegetables were canned and the payroll amounted to $50,000. San Francisco Poultry Market San Francisco, Dec 15. (U. P.) Broilers. 50 0 R5c; : large hens, 33 0 35c; best ducks. 80 085c - '..-. y. HOTEL HQYI 8trictly Fireproof. Near Both Depot nd convenient car service to an parts of the city. Slnat Room Without Bath, SI anal us I note Room With statn. S2 an urn ELBERT S. ROBE . aaanaaer UPWARD TREND ----- '- - V :' ; OF . New York, Dec 15. (L S.) The stock market closed weak today. Drives by the speculative element caused fur ther losses in the final dealings, and the list generally slumped from 1 to 5 points from the early high figures. Steel com mon reacted nearly l point to 79, and Baldwin finished nearly 2 points lower at 87H. The rails seemed to be in large supply. Southern Pacific (ailing from an early quotat of 99 to 97 ; Read ing declined over 3 points to .82 ; Mexi can Petroleum, after touching 1684. de clined to 163, recoverinl to 164 at the close. Chandler Motors waa 1V4 below the high at 73. Government bonds unchanged ; rail way and other bonds strong. Total sales today. 862,400 shares ; bonds, $22,514,000. New' York, Dec 15. (I. N. S.) The stock market continued its upward move ment at the opening today, active buying sending many Issues up from fractions to 2 points. Steel common rose to 79. Mexican Petroleum was, steadily taken, and after yielding 1 point to 166. rose to 167. General Asphalt was ac tive and rose nearly 2 points to 37, Baldwin, after yieldinr H to 88. rote to 89. Baltimore & Ohio waa influenced by the declaration of the semi-annual dividend on the preferred stock and rose to 83, South ern Pacific advanced fractionally to 98, while Reading was up 1 to 85 . Lehigh Valley was another strong issue, gaining 1. to 64 . Pan-American Petroleum roe 1H to 79. Price changes were mixed during, the forenoon. Te railroad issues developed a strong tone. Le high Valley was the most prominent, advancing 2H points to 55 H. Southern Pacific rose to above 99 and St. Paul preferred 1 point to above 42. The oil stocks were active, Mexican Petroleum after selling up" to 168, dropped to 166 H. Pan-American Petroleum was up over 1 point to 79. followed by a decline to 78. Sears, Roebuck also showed a better tone, ad vancing 1 point to -above 95. Steel common fluctuated within narrow limits, selling at 79 to 79 all through the early forenoon. Vana dium Steel was influenced by developments in connection with tome of the large holding and rose nearly 3 points to 40. STOCK R ES Furnished by Overbeck At Cooke Co.. Board of Trade building: High. Low. Bid. Alaska Gold ,. ..... 1 Alaska Juneau 1 Allia-Chalmers 29 29 29 Am. Beet Sugar 49 ' 49 ' 48 Am. Can Co 24 23 23 H Am. Car & Fdy 123Hl121 121 Am. Cotton Oil 17H 16 16 Am. Drug Synd. 7 7 7 lira. Hyde & Leather 7 6 6 Am. Intl. Corp 38 ' 87 37 Am. Linseed 53 Am. Locomotive 82 82 " 81 Am. Ship a- Comrc . 9 9 8 Am. Smelter 41 40 40 Am. Steel Fdy. ..... 30 28 29 Am. Sugar 89 86 86 H Am. Sumatra 70 69 70 Am, Tel. A Tel 98 97 97 Am. Tobacco ...114 113 113 tin. Wool ........... 63 62 62 Am. Zinc '. . .' 6 H Anaconda I 37 37 36 Assd. Oil .1 87 Atchison . .. 81 80 H 80 Atlantic Coast .Line 83 Atlantic Gulf W. I 110 107 1107 Baldwin Ioeo. 89 H 87 87 Balto. A Ohio 33 32 32 "4 Beth. Motors 2 B. R. T 10 10 10 Butte A Superior 9 8 9 Caddo Oil 13 Canadian Pacific . . j . . . 113 112 112 Central Leather 37 36 36 TChicago A N. W 71 68 68 Chco. Gt. W 7 7 7 Chile Cop 9 8 8 Chino 18 18 18 C. M. 8t P. . 28 26 27 C. A O I 57 56 56 Colo. F. A 1 27 H 27 H 27 Col. Gas V Elec 65 65 54 Con. ;.v r. 78 78 78 Cons. Cigara 55 Com Prod. 67 5 85 Cosden Oil 29 29 29 C. R. I. A P. 26 H 25 H 25 Crucible .. 86 81 82 Dome Mines 10 10 10 D. A R. G 1 Erie .) 13 12 12 Gaston Wms 2 2 2 Gen. Cigars 64 Gen, Electric 120 119 119 Gen. Motor 14 13 13 Granby 18 Great Nor. Ore 26 25 26 Great Nor. pfd. 74 73 73 Greene Cananea ........ 18 18 18 Gulf 8. Steel ..... 32 Houston Oil 83 79 H 79 Illinois Central 84 84 84 Inspiration 30 30 36 Int. Agr. Corp, com 10 Interstate Callahan...... 6 5 6 Int. Harv... 96 95 95 Int. Mer. Marino ....... 12 11 12 Int. Nickel 13 12 H 12 Int. Paper 48 Invincible Oil 22 HI 21 21 Island Oil 5 4 4 K. C. Southern 8 18 18 Lehigh Valley 65 53 54 L. & N 100 Mex. Pet, 168 163 163 Miami 15 15 15 Middle State Oil 12 12 12 Midvale Steel ... 31 30 80 M. K. A T .. 3 Mo. Pac , ,18 17 17 Mont. Ward 15 14 14 M. St P. A S. S. M 69 H Nat, Enamel 48 Nat. Lead 69 Nevada Con. 8 8 8 New Haven ... 17 16 17 Norfolk AW..... 98 95 90 H Nor. Pac 78 H 77 7 N. Y. Central . ....70 68 68 liOkla. Prod, ref 8 3 3 Ontario A W.... 17 17 17 Pac Gaa A Elec...-..., . . 47 Pan. Am. Pet. 79 76 77 Penna. ... 40 39 39 People Gas 39 88 88 Pure Ou 32 32 32 Pierce Oil U 1 1 Pressed Steel Car ..... 81 80 80 Pullman 101 101 101 Ray Con 11 11 11 Reading 85 82 82 Replogie Steel 72 70 70 Republic L A 8 . 62 61 61 Royal Dutch Oil 57 55 I 85 Ry. Steel Spring 83 83 83 Shattuck, Arir. 5 Sinclair 24 24 24 Southern Pacific ....... 99 97 97 Southern Railway 21 20 20 St. U A S. F.. 21 20 19 Swift A Co.,. 100 100 100 Tenn. Cop. A Cbem .. 7 7 7 Texaa Oil 42 43 Texaa Pacific C. AO.... 87 34 34 Tobacco Product 61 60 60 Tran, Contl. Oil 7 7 7 Union Oil Del 20 20 20 Lcion Pacific 116 115 115 U. S. Ind. Alcohol 68 65 65 D S. Rubber 65 63 63 . V. S. Smelling 84 83 31 U. 8. S:eel 80 79 79 Utah Copper 50 50 60 Virginia Cbem. 80 Vanadium Steel 40 37 89 IVivandoa 7 Wabash 7 7 7 Wells Fargo , 51 Western Pacific ........ 26 Western Cnion 83 83 83 Westinghous E. A M 41 41 41 Willys-Overland 6 6 5 W. at L. K . 9 Ex-d'V. 3 per cent, tEx-div. 1 Ex-div. tEx-div. Ex-div. Total sale storks, 862,400 shares. Total sales bonds. 322,514.000. Jfew Tork. Bond Market Furnished br Overbeck Cooke company. Board of Trad building; Bid. Aaked. Atchison Geni 4s.;........ 74 7S Bal. A Ohio Gold 4 64 64 Beth. Steel Bef. Si......... 77 77 Cent. Pacific 1st 4s. ....... 7 1 77 C. B. tc J. CoL 4s......... 95 96 SL Paul UenL 4 Ha 75 H 75 Chicago S.W. OenL 4s...... . 77 L. A N. Uni. 4.... 78 79 New Tork Ry. 6a . i V8 Northern Pac. P. L. 4s...... 78 74 Beading GenT 4s 78. 78 I'nion Pac 1st 4s.... 79 80 U. S. Steel 5s 90 90 H Lnion Pac. 1 at Bef. 6s....... 78 Southern Pac, Conv. &...... 99 : 99 do, 4 74 76 Penna. 'Conv. 4s 88 89 Penna 1st 4Hs 77 79 4hea. A Ohio Conv. 6. . . . . . 80 - 80 Ore. Short Line 4s.... 77 77 Bank Clearings . Show $10,412,861; Gain 84,592,305 Portland's bank clearings today hit the high mark of $10,412,861.21. This amount exceeds the clearings of De cember 15, 1J19, by $4,592,305.79. The excessive clearings of this date are attributed to payments of the) fourth installment of the Income tax : and the taking up of subscriptions to the recent issues of government certifi cates; on indebtedness. Trust Company Is : Sponsor for Keen Drive for Thrift Because It was believed that the en couragement of consistent thrift is a public t duty, the Lumbermens Trust company has subscribed to a novel win dow display service that has this aim and purpose. "Don't spend it all" is the keynote of the slogan, of the series of beaut if ullly . executed colored posters that appear in the bank's windows from week to week. In a 'unique and unusually convincing way the posters urge upon the com munity the practice of economy and saving. The picture tells an interesting story, while the text drives home the vital message illustrated. The poster will be changed weekly throughout the year, .j ' Boy Scouts Guests Of; People's Bank; Thrift Drive Is On More than a nunored Boy Scouts were honored guests Saturday of the Peoples bank. : Many of them, for the first time, saw the inside workings of a financial institution. The occasion was the In auguration of the Boy Scout thrift cam paign, i- . President Gruwell, Hugh Gruwell, cashier, and Samuel Slocum, head of the bank's Juvenile department, person ally welcomed every Scout and explained to him how a bank functioned. As a starter for saving, the bank presented each Scout with a thrift itamp .and stamp book. Purchases Decline On Coast in Week; Debts on Increase New York. Dec. 14. The Credit Clear ing House weekly report of merchandis ing activities by wholesalers and manu facturers for the week ending December 10, shows some Improvement over the previous week, but Is far below the cor responding periods since 1915. In the Pacific coast section purchases declined in activity from the week be fore and the corresponding week of the past two years. Indebtedness shows . an increase over all three periods of comparison. Payments are less active than last week or the corresponding week last year, but more active than the same week of 1918. U. Si Bonds Good : Christmas Gifts San ,Francisco. Dec 14. Letters have been sent to scores of chambers of com merce, commercial organisations and business houses throughout the Twelfth federal reserve district by Theodore Hardee, director of the government sav ings organization for that district, ask ing cooperation in stimulating the use of government securities, such as Lib erty bonds, thrift and savings stamps, and treasury certificates as Christmas presents. Molalla Extensions Asked Washington, Dec. 15. (WASHING TON BUREAU OF THE JOURNAL.) Senator Chamberlain has received and sent to the postoffice department with a request for early consideration a petition from residents In the vicinity of Trout Creek: Villa asking. for a four mile ex tension of rural route No. 2 out of Mo lalla, which, it is said, would accommo date about 25 additional families. PACIFIC COAST BANK STATEMENT Portland Banks . Clering3 Thi Week. Tear Ago. Monday ....I 8.741.615.42 $10,602.110 23 Tue-dai 6.488,737.17 6.511.336.81 Wednesday... 10.410,861.21 6.820,555.42 Inflhsns Banks Clearing Wednesday 2,055,668.00 Balances Wednesday ......... - Taeom Banks Clearing Wednesday ........$ Balance Wednesday . . 774.091.00 745.974.00 . 143.264.00 Seattle Bank - Clearing Wednesday .$ 6.827.779.00 Balances Wednesdsy 1,976,601.00 8an Franotsco Bank Clearing Wednesday ..$32,100,000.00 Lea Angeles Banks Clearings Wednesday .$14,724,849.00 Money and Exchange New Tork. Iec 18. I. N. 8.) Call money on the floor of the New Tork stock ex change today ruled at 7 per cent: high. 7 per nt' law. a ner cent. Time money waa steady. Kates were 7 7 per cent. The market for prime mercantile paper waa steady. Call money in London today waa 4 per cent, fiter- j ung exenange kcvu, wim duoukw u vm.v ers' bills at 83.46 for demand.' ; Foreign Exchange Market New : Tork. Dee. 15. (TJ. P.) Foreign ex change opened steady. Sterling. $3.46; franc, .0587; lire. .0348; lire cables, .0347; msrka, t.0133; Danish kronen. .01506; Canadian dollars.. .8618, unchanged. The market closed higher. . Sterling exchange, 83.48; franca, .0589; lire. .0347; cables, ,0348; mark. .0136; Canadian dollars, .8562. j. "London Stocks Better London, Pec 15. L !C. 8.) The London stock exchange made partial recovery today from a prieei slump that bad lasted three days. Dur ing the decline rumors were current in financial circles that a big institution and a prominent speculator were facing bankruptcy." 8an Francisco Barley Calls Ran Francisco. Dec. 15. I7. P.) Barley Snot feed, per cental. $1.4001.45; shipping. 8 1.55 & 1.60. , Herrin & Rhodes. Inc. established 1896. Hallway Ixchano Bid, '. - Fast rTvaU Duplex Wire COAST TO COAST. Stock. Bond. Grain, Cotton, MiseeDane on Securities and Liberty Bonds, bought and sold for cash or conservative margin. , Members Chfeaoo Boar -of Trad. Corresponds nt E. F. Mutton A Co. t: MEMBERS' . . New Vera Stock Eiehanee. , " ' New - Vera OoUon Eachanoe. , 'Hew Orleans Ootton Exchange. Offfca - - Seattle. Portland. Ta. Main & V2S4. EARNINGS GROW IN RESERVE'S BANKS Net Increases of 41.4 millions In discounted paper, as against aggre gate reductions of 11.3 millions In other earning assets, accompanied by an Increase of 43.6 millions in net deposits, are indicated In the federal reserve board's weekly consolidated bank statement issued as at close of business on December 3, 1920. Federal reserve note circulation fell off 13.S millions, while cash reserves increased by 2.9 millions. The banks' reserve ratio, accordingly, shows a decline for the week from 44.4 to 44.1 per cent. , cAs against a reduction of 31.7 millions in loans secured by government war obligations, other discounts show an In crease of 73.1 millions. Holdings of purchased paper show a further decline of 4.6 millions, the most recent total 4 of 243 millions constituting a low record for the year. Treasury certificates on hand declined by 6.6 millions. Boston reporting an increase of 20 millions in the holdings of these securities through purchase from the New York bank, while the reduction of 13 millions shown fn the Philadelphia bank Is due to re demption of an equal amount ot special certificates by the government. EARNINGS GROW Total earning assets stood at 3333.8 millions, an increase of 30.1 millions for the week. All classes of deposits show substan tially larger totals than on the previous Friday : Government deposits, by 44.8 millions ; members' reserve depypita. by about 52 millions, and other deposits, comprising largely foreign government credits and non-members' clearing ac counts, by 2.8 millions. On the other hand, the "float" carried by the reserve banks, and treated as a deduction from Immediately available deposits shows an Increase of about 56 millions. ;The com bined result of these changes In the de posit "block" is seen in an Increase of ea'iated net deposits by about 43.6 millions. JfOTE CIRCULATION CUT An $11,000,000 reduction in federal re serve note circulation reported by the Cleveland bank largely accounts for the total decline, in note circulation shown. San Francisco reports an Increase under this head of 4.7 millions, while moat of A Security of Better Than 5 to 1 Legal for Oregon Savings f Banks LUMBEKMENS TRUST COllESNY BROADWAY AND OAK j $60,000 5 P rovince Exempt From All Dominion Government Tax Dated May 1, 1915 Due May 1. 1925 Denomination $1000 ; Price 90.75; Seml-aastal Interest payable May lit aid 5ovember lit pTO YIELD v it FINANCIAL STATEMENT Assessed value of taxable property. ....... i .... . Total Bonded Debt ....$31,000,000 Less Telephone Bonds $14,500,000 Net Debenture Debt Assets of the Province Area: 2ii5.28a Square 9,wu. Telephone at MORRIS BROTHERS, Inc. The Fretalar Haaletpal Bond Hoaf" . ' j Established PORTLAND, OR MORRIS BLDC Capital' Ov.r b 309-11 STARK BROADWAY 12151 ! Qaartsr Other Offices at Seattle, Tacoma. j MIlUos, Castary - WastL. and Baa JTranclseo, j Cat j Dollars SAFE DEPOSIT BOXES the other banks report slightly smaller circulation figures ttean the, week before. Federal reserve bank note circulation shows a nominal gain for the week. An Increase of $120,000 in paid-in capital reflects largely increases In, capitalisation by member banks In the Chicago, SL Louis and San Francisco' districts. i I ' I .-: . Heavy Selling of Liberty Bonds Is Found on Market Considerable speculation Is going, on as to the position j of Liberty bonds, and a variety of reasons are j advanced for the present -prices of the j issues. It is stated that there: is a heavy selling to establish income lax losses, weak hold ers are being forced to sell and banks are liquidating. : I j It is probable. t is stated, that there has been a large volumj of Liberties dumped onto the market by big busi ness, represented by Industrial corpora tions. Enforced liquidation of inven tories and stocks of finished material has put some of the big manufacturers and merchants; im a tight hole finan cially. Liberty bonds, having suffered less depreciation! than other securities and finding a mor,e ready market. It Is nrtlv rtalnpal (hot IKav ..ViS.lli! lu mri 1 1 -The opinion is i held in some quarters that had it not. been for extensive pur chases of Liberty bonds on account of the treasury department sinking fund operations the issues would have fallen P ......... 1 . t. , uii itiuuii mure :luhii nun uccti uiu lueo. Bank Deposits of State Sag 8.1 Per Cent Net in Year M ' ; Salem. Dec. luj Bank deposits in Ore gon show a net (decrease of 8.1 per cent between' November 17,11919, and Novem ber 15. 1920. according to a summary prepared by Vfll H. Bennett, stats superintendent of banks, j While demand deposits pave decreased 15.1 per cent lii the year, an inprease of 11.7 per cent waa made in time and .savings deposits, the summary shwa. i Total-deposit An the banks ot the state at the time ef the November call amounted to- i $281,420,908:49, of which $85,814,101.73 were time and savings de posits and the balance deposits includ im, in Hnnlt Tlm and savinE de posits increased i $9,902.1-78.73 in the year, while demand deposits show a net loss of $24,909,834.73 in the same period. WHEELER Timber Company 5-Yr. 7 G o I d Notes : M I . This 400,000 issue is doubly secured. First by niore than $2,000,000 worth of timber tnd lands in California. Secondly, by the stockholders! of; the com pany. 11" " ! ! I I '. Call, phone or write for full information regarding this pendid bond. Gold Bond. of Alberta to Yield 7y2 Principal and ' semi-annual in terest payable in United States Gold Coin in .New York City or at the offices Inc. v kit Morris Brothers, This issue of! bonds is a direct tax obligation ' of the entire Province of Alberta and is pay able from its jgeneral revenue, - Alberta la one of Canada's most promising: provinces : and has every reason! for unlimited de velopment. Devoting: itself main ly to arricuttural pursuits, its annual production iof aprictiltur l products totals $260,906,954. Its productiori of other commod ities is as follows: Game and Furs. $175,000: Coal and Coke, $16,254,826; Manufactures, $40,- wo.uoo. .$1,125,000,000 .....f. ,....$ 16,500,000 i.li. $ 136,000,000 Miles. Population 191$ .(estimated) .if or Telegraph Orders Oar Expense 1 .... Price 100 TicId 734 ' i - - !