SATURDAY, NOVEMBER 25, 1922.
10
STEEL MERGER CREATES A BEARISH ATTITUDE
GENERAL REDUCTION S FORCED IN EGG MARKETS.
THE OREGON DAILY JOURNAL, PORTLAND, OREGON.
NG
EGG SCRAMBL
NOW IN SIGHT
- SATCBDAT WHEAT TRADE
-.... Tear
Bid.
Hard Whit ...fUl
Koft whit U
Westers whit .. 1J
Xari wbMr I.iff4
Ttartkera spitar a-UI
Western red ... M154
Lass.
le
ie
"iw
JxC
ata.
$1.99
l.SS
147
18
L98
1.93
Farther weakness S showing for . Th
privet firm bar followed tie Poultry Pro
down'' eat of Be a dons uuniiad Friday
en pallet. whic makes a uniform price in
hat Iih. -
Private Bras have already announced a re
duction of 2c dosen in the selling price of
select of SSe sad Se a down ia ordinary
candling or tint at 65a a dosen.
Storage egg market ia to wry bed shape.
- Rales generally are shown around 30 33c a
dosea, the latter being about the Btrrai
top. although soma continue to quota a high
as SSe a dozen.
Tlim n he Tin denial of th fact that cold
' storage cg supplies are burdensome and that
peculators are ecarea ntnum uc.
Alom with the cutting of selling pricas on
WO. buying bias at country points are gen
erally reduced with current receipt at 45e and
henneries 60o a doaen.
Those desiring special information regarding
any market writ the Commercial Editor, Ore
gon Journal, inclosing stamp for reply.
BUTTER 8ITTJATIOH MAI If TAILED
General trend of the butter trado continuea
favorable here, with Do obtnii either in print
or enbs prices. Demand for cubes is keeping
the local territory well cleaned.
TEAL MAHKET AGAIJT LOWERED
Farther lowering of prices on country killed
calve to llwllHe pound is showa with
a weaker tone, while to pries of nogs is gen
rally lowered-with increasing supplies.
CALF SKINS ARE LOWER AGAIN
Farther redaction in the buying price of
calf skins is announced here to take effect
Monday morning at 14c pound, with kips at
lie. Green bides continued around iue a
pound.
APPLE ACTITXTT COJTTrSTJEB
Activity in apple market baying is continued
hers with practically 00 per cent of the call
centered in tne Spitxecberg variety. fur
, ther price change is indicated by the local mar
ket. -.-
HOP SITUATION STILL ACTIVE
As previously stated In these reporta. the
demand for hops continues active with gnost of
tha lata business in prima goods around 10c
a pound. A small lot is said to hare com
n tended lo premium.
BRIEF NOTES PRODUCE TRADE
Potatoes continue slow for shipping; onions
steady to firmer.
Navel oranges again about 60e a case lower.
Cauliflower is scare and higher.
Sweet potrto prices still being shaded.
Honey continues active and firm at un
changed prices.
SHIPPERS' WEATHER 350TICE
Weather bureau advised Saturfay: - Protect
shipments daring the next 36 hours against
the following mini mam temperatures: Goine-
north to Seattle, SS decrees; northeast to
Spokane, 28 degrees; east to Baker. 22 de
grees, and south to Ashland, SO degrees. Mini
' mam temperature at Portland tomorrow about
88 degrees.
BASKET
BUFFS IN
Bj Brmai H.kt
Turkey are quoted at 40c a pound
for dressed stock on the public market,
which ia practically the wholesale price
at tha moment. Whether thla price to
consumers ; will remain during the
Thanksgiving' trade depends upoa the
whim of the marketrnaater.
Private stores which -have rent and
other high expenses are forced; -to
charge at least 45j0c for turkeys in
order to make any sort of profit.
Walnuts are being offered on tne
public market at 35c a pound, which
ia as high, if not higher, than private
stores are asking for similar offerings.
Cauliflower of quality is very scarce.
Ordinary beads selling at 2025c each.
Small supplies of Concord grapes
are still being offered on the market.
A small shipment of alligator pears
was offered by one of the big retail
shops during" the day.
Kggs are slightly lower in price.
Retail prices generally show:
Butter Fresh creamery. 60 9 54c.
Fish Season, 15rJ85e; black cod. lSe;
baBbut, SOe lb.
Floor Bast local patent, 12.00 & 2.25 per
49-lb. sack.
Potatoes New. 1 1 e per lb.
Onions Se per lb.
Yamhill street prices : "
Carrots. 1U 2c lb. : string beans, 10c lb. ;
cabbage, le lb.;.-cauliflower, 5 20e bead;
lettuce. 6 0 10c head; potatoes, le lb.; celery.
5 wise bunch; tomatoes. Be in.
Corn .-Beet, 20o dozen.
. Honey Comb, private stores, 20c; public
market. 20c: quart, 60o; pint, SSe.
Eggs PnbMe market. 60c; private stores,
50 05c dosen.
Poultry Light ben. 23e lb.: hear hens,
ever 4 lbs.. 28e lb. ; fryers, SOe To.; broilers,
82c lb.; turkeys, fancy, public market, 40c;
private stores, 45 50c lb.
Wheat. Barley. Flour. Oats. Hay.
Portland, Sat. , 26 . . . . . 1
Year ago 22 3
Season to date. 10542, 302
Tear ago.. .16638 124
Total this week 416 3
Year ago. .i 52 ...
Taeoms. Friday 22
Xear ago..,
Season to date,
Tear ago. . .
SaatUe. . Friday
Year ago . . .
Beuos to date.
Year ago. . .
Astoria, Friday
Season to date.
PRICES
BOSTON COPPER STOCKS
l Reported by Overbeck ACooke Co.)
Bid.
7
SO
5
15
20
Ariz com
Advea. .
Ahm.sk.
Alsomah.
Alloues,
Aroad 2
Bing Mna 17
I'alAAria 52
Cel&Hee 260
N Corn. 15
C en ten. .
- Cop Rge.
DavtsDly
K Butte.
Hsncock .
Frnk Mia
. Helvetia.
Ask. I Bid.
7Nipissing. 514
80 N. Loke.. 20
68 O D Cop. 10
25 Oaeola Mg. 27
24 jObijawa.. 1H
2 tUuncy Mg 32
18
03
170
IPond Cr. 17
8. Lake. . 38
Sap Bostn 1
36
SS
2
714
2
1
75
H1 Crk.102 103
Kt Lake 3
LakeCop. 3
La&alle., 1
Mich..,. 2
Mohawk. 64
MOldCol. 2H
MssonVal 1 M.
N Butte. 8 V
14
65
24
i 1
' 9
lettlUni 8h Ml 41
37 do pfd. 26
S7 (3. Utah. 3
2 Sup Cop. SK
8 Trin Cop.. 1
24 Tuolumne4 7
1 Utah Mtl ' 1
100 I'tah Con 1 H
C S Mng 85 H
do pfd. 46)4
Utah Apex 3
Ventura.. 254
Victoria.. 1
Winona. . 0
Wolverine 7
iWyandott. 23
Shannon. 60
Ask.
Jin
17
29
1
34
1814
40
41 H
10
4
IH
43
1V
2)4
37
47
3
2614
Hi
0114
8
35
60
.BRING US
To Osr New Location, 17 Front
SU, Fortlaad, All Year Produce
We Ask Ko'Commlnsion
TODAY'S PRICES FOB TOP
QUALITY
Hers 144, Veal 12tt. Beet 8S
8 been 12 4. Lambs 18? Url
Poultry Uea 23. Light Snriag
20o. Daeks 22e
Can use Live and Dressed Turkeys
and Geese, also Live Pigeons.
Salted Hides 1 2 e Pelts S1.50
Can use your Live Cattle, Sheep
and Hogs. Pasture for rent.
Quantities of feed.
FRANK L. SMITH MEAT CO.
-FUhtlsw the Beef Trust"
. 197 FRONT ST PORTLAND
AMEBICAX LIVESTOCK
Chloaoo Hoes SSS
Chicago. Not. 25. (L N .8.) Ilogs Be
ceipta, OOOO; market lOo to 15e up. Bulk.
37.85 0 8.13: too. 38.25: heaTyweight. 38.00
9 8.25; mediant weight, 38.00 8.20: light
weight. 38.008.15; light lights, 3S.00&
8.25: heavy packing sows, smooth, 97.45
7.75; packing sows, rough, $7.10 7.40; pigs.
38.00 8.50. ,
Cattle Receipts, 2000: market steady.
Beef steers Choice and rjrime. 812.50
13.50; lightweight. $9.00 11.50: good and
choice, $12.00 & 28.00 ; common and medium,
$7.00 11.00. Butcher cattle Heifers.
35.00dl0.00: cows. 4.OO(8.O0: bulls.
93.50 7.00. Canners and eutters Cows and
heifers. $2.50 3.60: canner steers. $3.50 W
7.60; veal calves (light and bandy weight),
$8.00 9.50: feeder steers. $5.507.75:
stocker steers. $5.00 7.6ft ; stocker cows and
heifers.' $3.50 5.00 ; stocker calves, $5.O0
7.00. Western range cattle Beef steers.
15.00 B OO: cows and heifers. $3.50 W 6.00
Sheep Receipts. 1000: market steady.
Fat lambs, $14.00 14.65 ; lambs (culls snd
common), $10.00 12.50 : yearlings, $10.00
(512.50; wethers. $7.00 9.00; ewes. $7.00
8.0O; ewes (culls and common), $2.50 &
o.oo; feeder lambs, 313.00 14.00
Denver Hoos S7.Sa
Denver. Not. 25. (U. P.) Cattle Re
ceipts, 1587: steady. Steers. $5.50 7.50:
cows and heifers, $3.S0 a? 6.50; stackers and
feeders, $5.25 7,00; calves, $5.50 (g 8.00.
Mogi Keceipta none; market steady. Top,
$7.5D; bulk. $6.73 7.25.
Sheep Receipts 4157: market steady.
Lambs, $12.35(9 13.50; ewes, $4.00 0.25 ;.
teeders, 311.7512.75.
San Francisco Hoes S1 1 .25
Ran Francisco. Nov. 25. (U. P.) Cattle
Beef steers, rood. $7.75 0 8.00: medium.
$7.00 7.50; common. $6.00 6.75;' beef
cows, good, $3.75 6.00; medium, $5.25
6.50; common. $4.00(3 5.00; calves, 150-200
lbs., $7.758.25; 200-250 lbs.. $7.50
7.75: 250-300 lbs., $7.00 7.50; over 300
lbs.. $5.50 0.50.
Boos Grain fed. lisht. 810.75 0111.25
heavy. $8.50 3.00.
Sheep Leunbs. $13.50 g 14.00; ewes,
t0.U0v3U.UU; wethers, 37.51) ( 9.00,
Omaha Hons $7.75
Omaha. Neb.. Mot. 25. Hoea ReeeiDta.
3000; active. 10c to 25c higher. Bulk pack
ing grades. $6.75 07.00; bulk butchers, $7.50
s .oa; top, 7.i ; buut o( sales,
7.65.
Cattle Receipts, 400; compared with week
ago, beef steers generally steady ; she stock,
steady; spots,, strong en canners: bulls, strong
veals, 50c to $1.50 lower; stackers and feed
ers, generally steady.
Sheep Receipts. 8000: compared with
week ago. lambs and yearlings. 25o to 50c
lower: fed clipped lambs off most: shep. 75c
to $2.00 lower; feeders, weak to 25o lower
Kansas City Hogs $7.96
Kansas City, Mo.. Nov. 25. Cattle Re
ceipts, 2200. for week: better grades beef
steers very scarce; steady to strong; top. $11. 0O
on il Da-La. steers; lower grade steers weak
short fed yearlings snd better cows, 25o to
50c lower; canners and cutters, steady to
strong; veals around $1.00 lower.
Hogs Receipts, 4000: active to Deckers.
loo to zoe nigner: top. 7.H.": lao to 180-
lb. averages mostly. $7.65 07.75: bulk de
sirable 190 to 250 lbs,. $7.80 0 7.95: bulk
of sales, $7.70 0 7.95; packing sows steady,
mostly $7.00.
Sheep No receipts for week. Lamb about
steady; top. $14.25; mature classes around
50c lower.
THANKSGIVING
POULTRY
Shipping Instructions : SHIP
DRESSED TURKEYS, DUCK8,
GEESE and CHlCKEJfS to arrive
Nov. 23-37, inclusive. SHIP LIVE
TURKEYS, DUCKS, GEESE and
CHICKENS AT OlfCE. VEAL,
HOGS, BEEF. MtTTOS, EGGS,
HIDES, J AC KRAB BITS and BEL
GIAN HARES also wanted. Ship
any Quantity, our outlet Is unlim
ited. -Prompt returns.
GULLICKSOK A MILLER,
T99 Frost St Portland, Ore area
V Est. 1912
NEW INCORPORATIONS
Salem, Or., Nov. 2 5 , The Automobile Se
curities company of Fortlaad, capitalized at
$102,000. filed articles of incorporation with
the atata eorporatioo department hers Fri
day. The in corporators are B. Q. Parker, H.
M. Oovey and George w. Joseph.
Other corporations filing articles were:
Lloyd W. Jacobs, Eva N. Jacobs and George
Arthur Brown-
Mew York -Bakery. Portland. SIO.OOO. An
drew Basts sch. Carl Bastasch and Miller Murdoch.
A certificate filed by the TJeing-SitigeT
uimoer company or r-ortiana snows an m
erease In
$50,000.
capitalisation from $29,000 to
DAIRY PRODUCE OF THE COAST
Sea Francisco Market
San Francisco, Kov. 25. (U. P.) N
market Saturday.
QUIET
POSITION
NORTHWESTER GRACf RECEIPTS
Compiled by thte Merchants Exchange.
-les-
18
:78
13
3444
S678
2S ...
15
4456 18
4061 110
9 ...
-337 - f
T53
1012
39
10
1 ,12
482
753 .
7
1
1218
1103
22
S T
377 818
469 .761
12 70
3 2
- a
S 849
76 410
3
1 1
282 711
261 838
By Hymen H. Cofcieej
Notwithstanding efforts to hit the price of
cash, wheat, practically no changes are shown
for purchases of supplies at Pacific Northwest
Orrtion markets, while inclined to sag
- irfrvl are bnt tittle influence in cash
transactions, indicating that the former is
mnAtlv of eoecnlative character.
Pacific Northwest wneat naming intereeai
are todiv in a nasttion wnere utey are not
forced to hauidate. Practically all of the
financially tired holders have let go. ' Remain
ing stocks are said to be controlled by grow
er, in a nosioon to hold for some tune.
At the moment .Europe is maging praeocauy
no response to offers of wneat trout toe r-
erfic alom. The limited parcel business
ported as passing of late has been practically
insufficient to establish quotations on export
tales.
Private cables from Europe again tell of
lack of appreciation for supplies of both wheat
and flour. While some business nas recently
passed for flour with Europe,, stul the move
ment is entirely lacking at the moment.
Oriental interests are- ourchaaers neither of
wheat nor floor at this time, due to the liberal
storks previously purchased.
Millstuffs continue of strong character and
mt supplies.
WBJAT Baying price tidewater, track de-
Hvery: Club, $1.25 Per ba. : bluestem.
81.55 bushel: Bis Bead braestem. 31.60 0
1.65 ; Turkey eed. IU2fU3; red Massnn.
31.22.
DOMESTIC FLOUR Belling priea. mill
door: Patent new crop, $7.60; Willamette
valley brands. . $6,70 0 6.80; local straight.
$5.83: bakers' hard, wheat. ST.oo; bakers'
bluestem. $7.60: bakers' pastry. $3.80: are-
bam. $6.40; whole wheat, $6.60: rye. $6.80
bbL Price for city delivery 150 extra; sub
urban. SOe extra. '
EXPOHT FI.OUR Club gtraight. $3.60:
biuesxem. eut-oft, sa.so.
HAX Buying Pries: Willamette timothy,
fancy. 20.00 0 20.60; Eastern Oregon tim
othy. $22.50 Per ton: clover. $18.50 019.00
straw, $8.00; alfalfa, $19.00; grain bat.
ezu.uo.
GRAIN SACKS Nominal. No. 1 Calcutta,
10c for new crop delivery. Doraestio bags. J0a
each.
MII.l.hTt FFS MiErun at mill, sacked.' tan
lots. $35.00: carload lots. $34.00; middlings.
$42.00 0 43.00 per ton.
OATS Per ton. buying price: Feed.
sso.uu; Killing. $37.00
BARLEY Buying nrice: ' Feed. 833.50:
Brewing. S84.50.
rEEDSTLFFS- F. O. B. mills? Rolled
barley. $37.00: whole barley. 885.00: alfalfa
gneal, $30.00; coconut meaL $88.00: alfalfa
corn. $3s.uo; whole corn. $36.00.
Merchants' Exchange bids :
Merchants Exchange bids:
WHEAT
Nov.
1.49
1.24
1.22
1.16 H
1.16H
1.12
Dec.
$ 1.49
1.24
1.22
1.16
1.16
1.12
Hard white
Soft wnite
West, wbite
Hard winter
Nor. spring
West red .
FEED OATS
38 Hx Naturals.$36.00 $36.00
BARLEY
No bids
CORN
T
. .$34.75
Y.
83.28 82.75
Jan.
$ 1.48
1.22
1.21
1.16
1.16
1.12
$30.00
No. 2 E.
Shipment
No. 3 E
Shipment
$33.25 $32.75
32.50
Foreign Exchange Market
New York, Nov. 25. (L N. S.) Demand
sterling, $4.49; franc cables, 7.18; checks.
7.14: lire cables, 4.79: checks, 4.79
Belgian cables. 6.61: checks, 6.60 ; marks,
.0001; guilder cables, 89.40; checks.
89.37; Sweden cables. 20.90; checks. 26.88
Norwegian cables. 18.42; checks. 18.88; Dan
ish cables. 20.80; checks, 20.26.
Retailers, Are
In No Hurry to
Bid on Turkeys
Market for turkeys is steady to
unsettled. Sales of fancy dressed
staff are showing a wide spread
from S7 to 49e a poand. It Is noted
that most of the local retallecs are
waiting to see what ' is going . to
happen, as maay have been "stung'
before after paying extreme valets.
Daeks are weaker and gene rally
lower with the buying price nom
inally at SSe poaed for dressed
stock and aroand lSe for best lire
Pekins, Live geese are la demand
around 1" lSe with dressed nom
inally quoted bat steady around
939246. t hickens are steady and
active at former prices.
Saturday turkey prices t
Live Turkeys Fancy, I8e; ordi
nary to culls, SSe to 97e per lb.
Drest-ed Turkeys "So. 1 faaey,
IS49e; No. S and old terns, Si G
STe; So. 3 or calls, S3fr39e.
CATTLE SHOW A
LACK OF DEMAND
' PORTLAND LIVESTOCK RUN '
Hogs Cattle Calves Sheep Cars
Saturday 30 74 . 16' 6 4
Week ego ..... .. 41 12 60O 6
Two weeks ago. . , No Receipts -
Four weeks ago. . : 51 .... -- 2
ir ago 563 160O li 787 70
Two years ago .... So Receipts
Three years ago 597 136 . .3, 86 11
Four years ago. 271 55 ,.. 280 4
WALL STREET .STOCK QUOTATIONS
Reported by Overbeck Cooke Co,
Bales. 1
1 High. Low.
Week-end arrivals of livestock at North
Portland totaled four loads, of which one load
went direct on contract to a local killer.- Hogs
were on a nominal oasis, cattle continued slow,
while) mutton was of steady character. --
In the cattle alleys stale stuff continued to
dominate the market at North Portland. There
was practically no demand for the week-end.
and not only were the Saturday's arrivals ..un
sold, but offerings from other days were ear
ned over to the coming week s market. In
general the undertone of the market is weak.
General cattle market range:
Choice steers
Medium to good steers ......
Fair to nwdiura steers ......
Common to fair steers ......
Choice beif era ............
Choice cows and heifers
Medium to good cows-heifers. .
Fair to medium cows-heifers . .
Common to fair cows-heifers . .
uanona m- .,.
Bulls . .V. .
Choice feeders
Fair to good feeders ........
Choice dairy calves .........
Prime light calves .........
Medium light calves ........
Heavy calves
Swine Oem Direct
Only a handful or so of swine' entered the
North Portland alleys for the week-end, and
these came direct to killers on contract. Gen
eral hog market situation is just about steady.
General bos market range:
Prune light . $
Smooth heavy, 280-800 lbs.". .
Smooth heavy.300 lbs. up. . .
Bough heavy
Fat pigs . . . :
Feeder pigs . . ...........
Stags
hasp Situation Good
Very good tone continues in the sheep and
lamb situation at North Portland. Week-end
arrivals were limited. Former prices
continued. .
General sheep and lamb ranee:
Prime east of mountain lambs. $11.00 0 12.50
6.75 0
6.25 0
6.50 0
4.00 0
6.000
4.50 0
8.30 0
3.00.0
2.00 0
1.50 0
8.OO0
5.00 0
4.O6 0
8.OO0
8.00 0
7.60 0
4.00 0
,9.25 0
8.00 0
7.50 0
8.00 0
8.25 0
8.25 0
4.00 0
T.50
T.00
6.29
4.60
6.25
6.00
4.50
8.60
8.00
2.00
4.60
6 60
5.00
8.50
8.60
8.00
T.60
9.05
9.00
8.00
7.60
8.75
8.65
6.00
Choice valley iambs
Medium valley lambs..
Common valley lambs
Cull lambs ..........
Heavy yearlings
Light yearlings
aleavy wetnera ......
i-igiit wethers .......
Ewes
11.00012.50
10.00 11.00
9.00 t 10.00
6.7 5 0 9.00
9.00 0
8.50 0
7.00 0
7.50 0
2.00 0
0.50
0.00
7.50
8.50
6.00
..lOOjAdama Express .,
. . . . . Advance Rum . . .
4(Miutun Nichols. .
swviAgr cnern. ......
, do pfd
Ajax Knbber. . ...
Alaska Gold ....
Alaska Juneau ..
'4300 (Allied Chem-....
400,AUis Chalmers . .
do pfd .......
Am Beet Sugar..
lOOlAm Bosch .
8800jAm Can Co..,..
lOOj do pfd .
lOOjAm Car k Fdy.
do ptd .......
10 Am Cot Od
do Pfd .......
Am Drue Synd. .
Am Hide A L. . .
do pfd .......
Am Ice ........
70tiiAm Intl Corn
2O0 Am ranseed .
lOO do "pfd .......
23 00 (Am Loco
.... do pfd .......
700 Am Saf Rasor. . .
1200! Am Ship A Com.
170oAm resetter ....
2001 do ptd .......
. . . . Ara Snuff . . . . ,
VOOjAm Steei Fdy.
1700Ara Sugar
,....) do pfd
600 Am Sumatra . . . ,
1000 Am Ted A Tel. .
500 Am Tobacco
100 do B pfd
240O Am Wool .....
.... do pfd ......
.... do P pfd
200 Am Zinc
.... Anaconda . . . .
lOOAssd Oil
lSOOAtcouon ,
200 do pfd
, . . . AU Coast Line .
600 Atl Gulf A W 1
16100Baldwin Loco.,.
do pfd
7100 Balto A Ohio .
100 do pfd
200 Barn Cor A
100 do B
8 800: Beth Steel B. . .
400Booth Fish
200'B R T
500 Butte C A Z
6000 Butte & Sup . . .
1300 Burns Bros A. . .
600 do B
.... Caddo OU
SOOICalif Packing . .
1200 Calif Pet
.... do pfd
TOO Cal' Zinc & Lead
2200 Canadian Pao . .
600 Oea Leather . . .
800 Cerro de 1'asco .
8300 Chandler Motor .
1200 Chgo AN W. .
1000 Chi Gt. W ...
6001 do pfd
180dChili Cop .....
600Chino
Friday Afternoon Sales
STEERS
No. Av. lbs. Price. No. Av. lbs. Price.
41 898 $ 5.10 6 983 $ 5.5
12 1140 5.60 IS.'.. .1092 6.60
1.... 930 4.50 5 1002 6.40
2. ...1035 5.25 1 1260 5.75
25.. ..1260 5.85 3.. ..1066 6.25
3 706 5.25 21.... 893 6.00
9 1198. 6.00 5 1028 6.00
2 1025 6.00 1 640 3.00
COWS
1 850 $ 2.50 1....1130 $ 4.00
' 1 980 3.50 ' 1 900 1.50
1 830. 3.00 1 980 3.00
1 840 2.75
CALVES
2. ... 170 9 6.50 )
BULLS
1 1340 9 8.50 1 1 1820 $ 3.50
HOGS
10 192 $ 9.10 12 254 $ 8.65
2 405 8.10 1 680 6.10
3 276 8.65 " 4.... 260 8.65
11 119 9.65 10 237 8.65
1.... 450 6.10 9..,. 256 8.65
1 470 6.10 9.... 195 9.65
58 200 8.1 2 365 6.10
8 162 9.65 14 185 9.65
9.... 175 9.65 1.... 260 8.65
4.... 290 8.50 4 262 8.65
8.... 172 9.60 3 213 9.50
12.... 145 9.25
LAMBS
17.... 67 $10.75 I 29.... 67 $10.75
14 1 61 10.75 I 53 78 12.00
19 68 12.00 21 70 11.50
7 85 12.00 I
E WES
5 126 $ 5.00 I 1.... 90 9 6.00
9 122 5.00
YEARLINGS
1 110 $ 7.00 21 74 $ 9.00
5 90 9.00 11.... 73 9.00
14.... 82 9.00
WETHEBS
1 140 $ 7.00
Saturday aorninn Sales
No.
60.
LAMBS
Av. Lbs. Price I No.
. 80 $12.50
Av. Lbs price
Eastern Cash Wheat
Chicago. Nov. 25. I'ash wheat No. i
red. $1.27: No. 8 red, $1.25 H : No. 1
hard, $1.18; No. 2 bard. $1.19; No.
Montana. 31.19; No. 2 Montana. $1.10.
Winnipeg. Nov. 25. Cash Wheat No. :
northern, $1.19; No. 2 northern, $1.08
No. 3 northern. $1.05 : No. 4 winter,
99 e; No. 5 winter. 98 c; No. winter,
HO lie: track. 81.0.
Minneapolis. Nov. 25. Cash Wheat No.
1 dark northern. $1. 1901.2a; No. 1 north
ern. SI. 17 01.25: No. 2 dark northern fancy,
$1.2201.28; No. 2 dark northern. $1,18 0
1.23: No. z northern. iLiseui no.
fancy dark northern, $1.18 fe 1.23; No. 3
dark northern. 81.12 01.17: No. S northern.
$1.1001. IS; No, 1 dark hard Montana,
$L22 01.27; No. 1 bard Montana, $1.1.8 0
1.21.
Winnipeg Wheat Options
Winnipeg, Nov. 25. Wneat:
Ooen. High. " Low. Close.
Dec 104 104 - 108 103
May 108 108 107 107
Nov. : 111 111 109 109
Minneapolis Wheat Options
' Minneapolis. Nov. 25. Wheat:
Open. High. Low. Close.
Deo, .....117 lit 114 115
May 115 113- 113 114
e ...
USaXSIX!
itiiaetejiihitiwqsiliiiwiiiliMilthfiiii
5000. TURKEYS
WANTED
- to till ear orders between now and aext Mon
day. Rbrp to us. Best market : prices goaraa- I
teed. Checks by return . mail.
The Savinar Co., Inc.
I. 199 FRONT ST, POBTLANH, OR.
DRESSED TURKEYS, DUCKS,
GEESE, POULTRY, HOGS
" AND VEAL
USE OUR SELLING SERVICE
WRITE FOR TAGS
. SHERIDAN FRUIT & PRODUCE CO.
" Portland, Ore. til Washington St,
TURKEYS
Live or dressed. " Top " cash prices.
: Write for our free instructions oa how
to market turkeys. Liv poultry of I
, au ainos wantea.
We Pay SPOT CASH
. Bef. 1st Sat. Baak
Crescent Market
f - rfBST STREET
TURKEYS WANTED
, ALSO CHICKENS. GEESE. DUCES,
LAL AMI UUUS .
Hlgkest Prieei Writ far' Tags
! Vojjel Produce, Co.
1 J
I
Within Twelve Hours
27,500 people viewed the first Star Car exhibited.
t This remarkable demonstration took place in Wash
ington, D. Cs on March 9, 1922.
a-
n
WeAreOfferin
Shares of the corn-
mon Stock of Star
Motors, Inc., at
$15.(KX Fully
paid, non-assessable.
Not
more than 50
nor less , than
5 shares to
each partner.
II
The Star
w mm t? , ' a. va - v . .
m mm m - a, ..-
V
CTATl TtrtHMlTlSi--fXV V
staavavaavavavav. wX ' W JM
V "Na?w
The Durant Plan
of payment allows
terms of $2.00 a
share with the
a pplication
and $2.00 per
share each
month until
paid. : No in-teresL
ForFurther
Car is the world's low
est priced auto of strict'
ly standard units. The ; tounns
model will sell for $343.00 f. o. b.
factory, at Laming, Michigan.
Other models priced accordingly.
iiiforxnation c 1 i n
and , mail , this, cou-
jm
CTXT. ............w. , STATS. ....-....
THE DURANT CORPORATION
432 North was bera Bank BuHding. PcMtlaatlTN
. t. . Pfcona Main 5804 - ,
- : : ; : ' --' S
fS'tll'WIWiflf 1 SSI
75
39
2o
70
41
33
73
110
176
16
25
2
48
ISO
" "7
20
50
100
43
72
25"
122.
149
147
92
15
29
28
9
41
33
60
HO
17 "
ie
25
20
48
117
"6
20
60
100
42
71
25 ' "
122
148
147
01
Bid.
900
33001
3200
C M St P ,
do pfd . ,
Coco Cola
1200K3 A O
200
100
6700
500
100
27300
2200
8000
' 100
1700
4600
ioo
8900
1600
900'
1200
Colo P A I ,.
Colo Southern . .
Col Oai & Klec .
Columbia Graph.
4S00)Cbn Gas.
Gone cigars ... I
do pfd I
Cons Textile. .... I
Contl Can
Corn Prod
do pfd.
Cosden Oil
C R I P A P. . .
do "A" pfd. . . .
do "B" pfd. . . .
Crucible
do pfd
Cuba Cane . . . . ,
do pfd
Cuban Am Sugr.
2500Darison Chem . ,
300Del h. Hudson...
SOOIDel A Lack
lOOIDome Mines . . . ,
1.400iKlec 8 tor Battery
lOOjkadicott Johnson.
500!Erie
4001 do 1st pfd
8200 Famous Flayers
14
45
112
94
91
'23 V
122)4
"46
57
28
19
62
4
13
28
139
45
47
"7
1140
1 83
I 30
.1 59
82
" 4H
9
26
23
24
66
25
43
101
2
124
lOOlFed Min tc Smltg
lOO do pfd
200 Fiek Tire
Gen Cigars ....
1100 Gen Klec. .
3600 Gen Motor
Gen Mot 6 . .
1500 Gen Asphalt . .
GUdden Paint .
600 Goodrich T & R
Glen Alden
Granby
1300 Gt Nor Ore...
3600 Great Nor pfd.
Greene Cananea.
2800 Gulf S Steel ,. .
1 300 Houston Oil . . .
600 Hupp Motor . ,
600'nis Cent
1001 Inspiration
Int Agr corp com
do pfd ......
Interboro
do pfd
Int Harv
Int Merc Marine
do pfd
tot Wckf ....
300 ilnt Paper
500ilnt Comb Eng.
HOOIInvincible OU . .
500'lsland Oil
500iJewel Tea
800 jK C Southern.
200 do pfd
200;Ksyser J
83
13
99
128
119
46 "4
32
84
62
13
36
23
24
119
129
40
58
,86
11
16
80
10
50
11
177
14
'ss"
14
43'
112
98
90
23
116
39
57
28
19
60
13
7
26
138
45
"79
46
"j"
139
33
88
53
79
4
9
25
22
23
35
75
65
25
43
97
214
124 !
83
13
98
126
119
45
31
84
61
12
35
22
23
118
129
40
55
85
10
1
87
10
50
11
175" '
14 H
-87
400
"766
1600
800
700
900
600
iioo
100
Kelly-Spcfld . . .
Kennesott
Keystone Tire. ,
Lack Steel ....
Lee Tire
iLehigh Valley. . ,
ijormara
30
83
74" "
65
22
106
31
99
'ik'
13
48
23 W
14 H
18
18
53
37
40 M
81
76 54
62 '
29 J 28
30
80
"72t4
61
22
105
31
98
47
13 H
47
23 14
14
18
17
53
37
894
31
75
61
75
12
2
28
60
12
-
1
68
41
B4
I!
70
109
176
122
16
33
10
62
100
23
28
47
117
119
7
20
50
100
138
42
72
107
.5
122 I
148
146
90
109
27
14
45
109
98
89
,1109
117
117
39
57
28
18
61
4
13
7
26
139
45
7
79
45
90
7
139
83
87
58
79
4
9
25
22
23
35
75
65
25
43
97
2
123
33
83
18
98
126
119
45
31
92
84
61
91
IS
33
22
23
118
129
40
55
65
10
16
88
8
48
11
78
174
14
81
37
9
28
55
22
29
SO 14
23
7214
61
22
105
31
6
27
.
99
11
47
13
47
23
14
17
17
52
36
40
31
6
75
25
61
li8
....ILoew Theatres
400IL a t)
1400
.lOO
' 700
, 50O
90O
Mariand Oil .
Uax Motor "A",
do "B" ......
May Stores ....
- lOOjUex Pet .
1400Mex Seaboard ...
400!Miami ..........
4400iMid States Oil..
11700Midvalo Steel....
60O1M K av T wi. .
300 ! Mark Track
V. . . . iMont Power
. 500-Moot Ward,...
160O V Pao
280 ejopfd .
200 M St P A 8SM
.... at Bwcuit .
ICOOiXat Enamel .
700jNat Lead ...
lOOlNevada Con .
1 4 00 1 New Haven .
800tNorfolk eV W.
2600Xor American
lOO 1 or Pao . . . .
-Nora Scotia Steel.
N Y Air Brake.
N T Central
Okla Prod ref...
Orpbetua - . . . . .
lOntario V West. .
Otis Steel .....
Pacific Dev. .
Pao Gas A Elec. .
i'aclfic Oil
Pan Aran Pet ...
do -B-
Pennsylvania ....
Pa Sea Steel ...
Peoples Gas
Pere Alarquette .
Philadelphia Co..
Phillips Pete
Pierce-Arrow . . . .
Pierce Oil ......
Pius Coal ......
Pitts & West va.
Pr Steel Car ...
Punta Alegre .. . .
Pullman . ......
Pure Oil ......
Ray Cons ......
Reading . ......
Remington ......
Beplogle Steel . . .
Republic 1 S. ,
do pfd .
Royal Dutch OH. .
Ry Steel 8pg. . . .
Saxon Motors . . .
Sears Hobuck . . ,
Shattuck eV Ariz . .
Shell T eV T. . . .
Sinclair . , ,
Sloss Shef
Pacific . . .
Sou Ry
do pfd
Stand Oil Cal . .
Stand -Oil Ind . .
Stand Oil N J
Stand Oil Ky
1200IS L A 8 P . . .
200 Srroraberg Carp.
46000 IStudebaker . . . . ,
Swift A Co
800 Term C A O . . .
4100Texaa Oil ....
1 8 00 i Texas Pao . ....
600IT P C et O ..
5100
120i
100
400'
8700
1300
17906
7800;
4500
1600
1100
300
700
100
1700
9 .
700
400
400
1S
126
54i
30
43
13
162
204
16
25
11
31
14
63
"20
16
43
S
'i
114
18
20
114
73
300
1100
3000
400
4200
2400
2500
100
2000
' '600
2200
100
6200
100
lOOOiSott
90011
. 2001
4900
'6700
18
124
63
30
43
18
161
204
15
25
11
29
18
AS
20
16
40
63
60"
113
18
20
113
88
74
200
2400
ITJn
2200
29001
100
200!
700
Tob Prod
Tran Contl Oil
BAP
ITn Oil Del
IT P
Cnited Alloy
United Drug .
United Food Prod!
. ICnited Fruit
Cn Rds of N J
70OI do Pfd .
0irn Rtl Stores
lOOiTT SCI Pipe
5000IIT S Ind Alcohol!
60001U S Rnb . . .
1001 do 1st pfd . .
. U S Smelting
22500
' '800
U 8 Steel.
do pfd
v..
ICtah Copper. . .
! a cnem .....
100! do pfd
1200' Vanadium Steel.
lOfllVivaodou
POO 1 Wabash
1100 do A pfd. . . . .
1 00 do B pfd. . . , . .
ZOO wells Fargo , . .
400 Western Pae . . .
100 do pfd
. . . . . Western Union .
Wesfh'se A B .
S00 do E M. . . .
2500 Wert Md
700 White Eagle Oil .
7 00! Whit. Motors. . .
s. BOOiWhite Oil .
700Wfllys-OverUnd .
200 do pfd
1 001 Wilson Packing.
200)WUconsin Central!
3 00: Wool worth
4001Worth Pnmp
W k G
91
2
19
"8
1
83
4414
83
82
46
3
91
29
88
42
4
57
83
"ii
124
27
IS
74
22
48
85
63
"3"
79
85
81
33
88
22
62
112
1134
191
109
21
82
12 i
e .
8
46
20
1S
52
11
"i4
189H
34
76
11
26
69
24
61
47
93
103
61
60'
82
13
.8
24
16
90
15
65
90
2
19
"8
1
81
48
81
80
40
3
91
29
38
41
4
56
88
45
123
27
12
74
23
45
83
52
. e
1
78
85
80
88
88
21
61
HO
107
183
109
21
61
116
8
45
19
18
61
11
"ia'
187
84
76
11
25
67
24
59 14
46
93
101
60'
60"
31
19
8
24
16
90
15
66
68
11
I2n
47
4
8
88
SS
25
210
29
58
10
82
4T
4
3
38
85
25
209
19
1S4
52
80
43
12
161
204
15
25
11,
29
14
68
67
20
13
40.
63
246 .
60
112
13
20
113
OS .
74
-26
27
90
o
19
20
8
1
81
43
81
80
46
8
90
28
88
41
10
4
65
88
76
44
122
27
12
74
31
az
45
84
62
110
2
78
7
85
30
87
88
21
61
110
107
184
109
21
60
116
107
8
46
19
18
01
11
66
18
1871s
84 14
75
5
149
11
25
67
28
60
46
93
35
101
121
SO
2
60
31
18
8
Z4 H
IS
90
15
54
109
109
58
10
82
47
4
5
88
35
26
209
27
8
Total sales, stocks. 529,400 shares; bonds,
$4,887,000.
Total weekly stock sales, 4.311.200 shares;
bonds, $56,344,000.
STANDARD
1200!Anglo Am Oil
100 1 Atlantic Loboa
250)Buckeye PL..
75!Crescent PL..
lOIEureka P L. . .
20!Gal Sig Oil.
OHV ISSUES
30
m p u.
755lmp Oil of Can.
95 Ind PL . . .
4100 lot Pet Co Ltd.
150 Magnolia Pet . .
300 Nat Transit . .
11 SIN T Transit
65iOhio Oil .
20, Prairie OU A Gas
100 Penn Mex Fuel
lOOiPrairie PL...
' lOjSoutbern Penn Oil!
1300 S O Cal new..
17600S O Ind......
600IS O Ky new, . . .
180jS O f X
5000 do new ......
OOlVacuum Oil
1400 do new . . .
8800(3 O N J aew. . .
19 18 18
6 6
108 107 107
41 41 41
97 7 97
57 67 67
172 170 170
111 110 111
105 105 105
21 20 21
283 230 230
24 24 24
205 24 204
291 289 289
660 660 66
19 19 19
303 300 800
72 72 72
55 54 55
118 107 107
109 108 108
520 490 490
43 41 41
619 670 670
88 86 86
38 87 87
NEW YORK BOND TRANSACTIONS
Reported by The Journal's Wall Street Bureaa
By George T. Hoy hoe
Wall Street, New York. Nov. 25. Chief
interest in today's bond market centered in
the continued activity at andvancing prices of
French securities. The rise, in those bonds
was generally ascribed to the optimistic state
ment as to "European conditions made by Pres
ident Mitchell of the National City bank of
New Turk city. His declaration that at pros-,
ent prices French bonds represent a "ridicu
lously low credit rate" brought some food
buying into the market. Both 7 s and the 8s :
responded, and Department of the Seine 7s
were sympsthetically strong. "
Outside of the activity in the foreign group
there was little interest shown in the market.
Chicago Great Western 4s, which bad such s
sensational runup just before the close Friday
afternoon, dropped between 2 and 3 points
today. Nor wasT any explanation at hand of
Friday's episode. Chicago ureal western nas
been operating very poorly for a long tune.
Other speculative bonds to score lasses today
included New Haven 6s and the New Orleans,
Texas A Mexico incomes.
United State government issues went slight
ly lower, but the very high grade railroad
bonds, of which Atchison general 4s is typical.
held very firm. Holders of securities of this
grade seemed to have regained their confi
dence. ' At any rate, there were no evidences
of sale on the theory that the reaction in high
grade bonds was likely to go farther, Mean
while it is very Interesting to note that the
weekly statement of the 765 member banks
of the federal reservw system published today
showed a decrease of S29.000.OO9 in commer
cial loans, and an Increase of $17.000.00 in
total ia vestments. This latter increase is di
vided between 37.0O6.00O in gorernmest and
$10,000,000 in corporate securities. AU these
figures indicate a reversal of the liquidation
on the part of banks of securities bought at
lowen levels a year or so ago. It waa this
aonidation which was one of the factors ad
versely., affecting the bond market during the
recent idecline. Unless, then, there is now un
expected larger demand for money for business
rpoTposea. the market ia not likely to be de
pressed by sales from ,tb banks.
Sew Tork. Nov. 25. Following is an offi
cial list of bonds traded in on the New Tork
stock escbange today, with prices np to and
including the close of the market. Total sales
were $5,23.000, against $12,17,000 yester
day, $4,660,000 a week ago, 313.074.009 a
year ago, and $6,917,000 two years ago.
From January 1 to date 33.898.254.000
against S2.959.640.00O a year ago. and S3.'
389,369.000 two years ago.
LIBERTY BONDS '
Sales I
167
31!
89
2
402!
297
(Ia 31000) High
, ..ri0022
.. 9826
..! 9778
..1764
. S4
Liberty 8 He
do 1st 4 s
do 2d 4s
do 3d 4 14 a .
Lew 1 Close
10004I10A6S
98201 9824
97721 9772
9764i 9764
S8301 H36
804 K06
97901 9802
1902619080
-do 4th 4s i. .1 9808
do reg .,..) 9302
68 Victorv 44s 23il0030
32f do 4 '22...10006jl0002;16096
ZSSiU S Of- A 4 s. 46 09321 8934
liArgntn $.... ,1 82 i fij M
7 do 7s ........ !10!10O!l6w
HIBelgrom 7s ...il06tl0 UO"
Sales. I IS $1000 . 1 High. Low.
16
1
11
1
6
5
1
20
6
9
13
24
6
6
16
6!
17
1
12
uo 8s.... v.. ,
do 6a. .... . . ,
Bergen 8s
Roliria 8s .
! Bordeaux 6a. . . ,
iBiaail 7 1,1 rota.
Chile 8s 28...
do 8s '41.....
do 8s cfs.
Copenhagen 6s
BMJuba 5s 14..
lOICxechtelv 8s efst
ILtenmark 8s
do cfs 6s. . . .
uepc Beine 7a t c
Dmacn Rep 6s..
do 5s cfs...
Dom Can Ss ntx
do 6s '26...
do 6s. '53...
do 6s 31 . . .
: D B I rets 6s '47
do rcta 6s '62 . .
31 P.French 7s ...
84 do 8s
, 26!Halti 6s
3 Jap 1 4a ...
22 do 2d 4s. .
10! do ster loan 4s
, lSiromt 6s . ...
18 Marseilles 6s ..
1 Mexico Ss . . . .
! 3 (Monti video 7s . .
40 Netherlands res 61
ll.Norwsy s ....
2 Porto Alegre 8s.
4;Pragao 7s cfs
. 4Queenaland 6s cfsl
10
- 9
- l!
ll
59
73
1
100
95
108
93
78
90
101
102
102
88
91 I
88
109
98
87
94
87
100
99
99
SO
92
92
95
99
96
93
98
80
78
78
49
9
96 :
10O
73
101
95
98
99
105
116
Rio da J 8a cfs
Sao Paulo City Ss
do-state Ss . .
Sweden 6s ....
8wisa 8s ..... .
United IT lU.'aliau
do 5e 37...l034
Zurich 8s .....1116
- NEW YORK 4rTY BONDS
SjN Y C4sMay67I194Il044164
MISCELLANIXIUS ANT INDUSTRIAL
BAVnt - 1
Close.
99
95
108
93 H
76
90
101
102
102
88
91 I
88
108
98
8
94
87 -
100
,
98
99
92
92
94
98
96
98
92
8014
77
77
49
90
93
109
73
1004
95
97
99
105
rii6
1IO
103
116
Sales. I XS S1000 ' lHlgh.
7iOia Mat k 7 il07
sz
91 i
102
94
94
104
88
105 ,
100
161
115
98
98
98
97
10O
77
87
89
117
109
94
103
99
89
9214
100
98
74
109
V 6D geo en 6s...
2 'Don 8Wt 7s.l.
IfDuqn LtF 6s..
lSiEaat Cob Su 7aj
10EO F crt 7scfsl
1 S1SK KOO OS..,..
13 F I D dob 7 a..
X XrG E deb oa . . . .
1 do deb 6s .....
1 Good 1st 6s ..
. 6 Good Tiro 8s '41.
14 do 8s '81. ... .
6(d P P Se ......
9 H O 6s
6,HO eV R deb 5a)
oiina nteei as ..
5 Intl Agricul 6. .
4InU Psper 5s B
6 Intl M Ma S F 6sl
SlLtgg et M 7s...
. . . . Mag Cos cvt 7s.
l!MiStt deb7V4a cfs!
2 1 Mart Oil 7 s ctfsl
1 Mich t Tel 6s..
61 Mid St en 6s. .
lMU Gas A U 4s
yat Tube 6a
14
5
6
99
95
108
93
78
96
101
102
102
88
91 .
88
108
98
86
94
87
100
99
99
99
92
92
94
99
96
93
92
80
77
77
49
9
93
11 i
lOO "
78
109
95
97
99
195
116
110
103
119
1'Ajax Ran 8s.... 93 95 95
2 A A Chem 7 B. . 102 102 102
7 Am Smelt 1st As. d2 92 92
: 4 Am Sue 6s ..... 102 191 102
18 A T T eel tr 5s 97 97 97
4 do eol 4s ..... 99 99 99
8 AJUM cvt 6a rets 76 T6 76
6 Armour A Oo4 s 89 89 89
' 7 AU Befy deb 6a. 98 98 98
6 BeQ of Pa 7s. ... 108 106 108
1 BarnsdaU 8s A-. . 102 102 : 162
8 Beth 8t P M Ss. 92 93 " 92
1 do 6s 98 99 99
1 Bradew Co 6s ... 99 99 99
34 Brier H St 6 s. 94- 98 94
2;Bkh Ed 7B... 1ST 107 167,'.
SiBkla Ed 5s. .. . . 95 93 95
lOBkln Un Gas . T00 100 109
- 11 Cent Leath gen 5s 98 98 98
17(Vr De Pae evt 8a 120 ' 119 129 .
J2Ct.il. Cop evt 7s, 109 108 J99
. 25 do eol tr 6s. . . . 95 95- Sli
7'"ol Gas A El 6s 96 93 14 95
- SjCoramoawlth P 6s. 89 89 89
. 3 Cm Cork. A S s 94 94 4
15Caba C Sat
j deb 7s ...... 84 84 84
if do 8s sta 99 88 88
' . 1 IDenver s - 5s. . 97 87 87
SIDet Ed ttg 5 ..4 9; J 94, 94 -
1
2
7
11
1
12
27IN
lOtN
NETaT 1st 5s A
X XMck Uo 4a
NYEdCo ref 6s
1 u u 1. 11 ft
P perm 4s
X Y Tel db 6sjl04
do stamps 6s.
do gen 4 s
do ref da . .
Niag Fla P 9s..
do aa. . . .
A Ed 6s rets
S P 1st 5s
20
8
1
1
7
15
1
6
2
2
1
2
37
3
2
9
14'
22
23
17
16
10
22
1
1
2
2
I
1
1
4
8
81
SlXor Bl Tel 7
2P G A E 5s.
2P TAT ref Ss.
2Pkrd Mot 8s...
9tPb.il Co ref 6s.
6P 8 S J 5s. . .
6 Prod A. Ref 8a.
1 1 IH Am 1st 6s A ofs!
Z Kob Jk Mey 7s.
4!Saks A Co 7s.
2 Sine O Oil 5s
do 7s rets ....
Sine P L 6s cfs .
S P R Bug 7s ..
S Bell TAT 6a
8 O Cal deb 7a
8UAT Co of A 7sj
TMewr O Co 6s
To! Ed 1st 7s,. .1
Un Oil Cal 6s. ...
Un Elec 6s
United Drug 8s..
V S Hoffmn M 8i
U 8 Rl A Imp Ssi
u a a as cfs . ,
U Stores Rltv 6s
U S Rubber 7 s;
do 5s ........
U 8 Steel a f 6s.
Utah Pwr A L 5s
Utah IA 6i
TCar Chem 6s!
do 6s ......
do 7s A . . .
'do cvt. 7 Us
Ta Iron nafilU
fW Pa Power 5s
W U Rl Est 4s
Westlnghse El 7s
Winches R A 7
97
93
104
lea
98
93
91
197
91
91
107
99
Low. I Close.
107
Bl
91 "
102
94
98
104
ST
195
199
101
113
97
98
98
97
109
76
86
89
117
109
96
103
99
89 H
92
190
97
74
109 .
81
194
97
93 14
107
51
-91
103
94 H
93
104
88 .
103 .
100
101
113 -
98
98
98
97
100
76
87
89
117
109
96
103
99
89
92
100
97
74
109
81
194
97
93
. By Stuart p. West
VVtll Mtrv.t N.w Vnrlr n.. i. ?
days- sadden renewal of the selling movement
the store exchange the lunda mental ex-
194 1104 H
lOZ 1108 hi
98 98
93
91
107
1
91
103
99
86( 86
Wickw Spen SU 7s 85
Wil
do
& Co
7 s
1st 6s
106 j
95
98
101
98
100
89 .
97
I 95
105
101
102
105
101
93 14
111
103
99 H
92
100
108
87
102
91
8844
100
100
96 H
92
93
93
92
107
101
10O
104
106
95
98
101 ,
98
1100
68
97
95
103
101
102
105
101
i 9314
111
108
99
93
100
108
87
102
80
88
10014
100
94
Z
93
93
92
107
101
05
99
104
8
91
107
91
91
105
99
86
106
95i
98
101
98
100
88
97
95
105
101
102
105
101
93
111
103
99
92
100
108
87
102
'91
88
100
100
04
92
93
93
92
107
101
95
100
104
RAILROAD BONDS
1 ATSFCA 4s. .. 92
18 do gen 4s 88
8 ACL 1st con 4s. . 86
II do LAN col tr 4s 80 H
28 B 4k O 6s 1694
3 do ref 6s ..... 84
III do cvt 4s .. 80
1 do gold 4s 80
V 6 do pior lien 3s 94
2 do 4sPLEWVdiv. 78
6 do sPJM dir. 92
5 do 4s T A C div. 66
9 do3sSwndiv. 91
2 Bklyn Queens' S 5s 59 14
1JB R T 7s 87
2 do 7s tr eo cfs.. 68
47 do 7s tr co cfs at 85
3 Can Son 5s 98
8 Can Vor 7s . . L . . Ill
2 do deb 6a ... 110
12 Can Pao 4s ' u . . 79
1 Car CI A O 5s. . 89
11 C Ry of Braz 7s. 87
5 O of Ga Ry 6a. . 99
2 O Pao 1st ref 4s. 85
10 Nvw Kng 4. . .1 63
9 O R R of N J 5s. 108
45 C A O en 6s... 91
14 1 do cvt 4 s . ..I 87
J u A A 8s .... 28
13 O B Q gen 4s... 88
4 C B Q ref 5s. . . 99
3C E I 5s.... 1 79
26 O Gt West 4e. . .1 52
21 do rfg 4a 62
L do cvt Ss B....I 70
; . w 7-....I107
-3 a 5s .,..(102
J Cht Ry,Oo 5s.. 77
I a ni as.... HZ
llChi A W I eon 4s 74
2fCCCA8tL 6s srA 101
2jCleve S L 4s. 96
zuieve Un T 5s!108
SlColo & Sou 1st 4s) 98
i iT. "ua cvt osK9S4
" u s s u raf ft.
6 dorfg3sbkefstss
20jDet U Ry 4s
ai ens gea In 4s
2 do pr In 4s.
5 do cn 4a A
12 do cvt 4s B
49 do en 4s D
lOTrf Can 7s
4 do .. ,
176 N Tt.......
161 do 5. .. .
4'H A M ref 5s A
6!H A M adi ir.c 6s
o III tjent 5s...
4 I C A C S L
.1 N O jt 5s A..
13'Ul Cent rfg 4s..
31 do 4s :..
101 do 4s. - .
65il Met cfs 4s sta
K T ret Ss. .
16 de ref Ss bk cfs!
28.11 ONidj6i
1 towa uent ref 4s
2IK O F 8 A M 4s
11. U Sou 1st Ss
6;K O Term 1st 4sl
1 L8a) deb 4s. .
2 do deb 4s.
1 Lehj V Pa gen 4s.
4 Louis Jeff B4s. .
...LAN nni 4s. . .
II do SR Hon jt 4s
I 21 do W 6
1 MM St By eon 6s
3 Mil El Ky 4. Ltl
ret os .
9 aft St L 1st rfg 4s
, 00 rur os. . . . . .
-IM S 4k T 1st 4s
8 do ref 4 s ctf . . .
5 do 6a A wi. . . .
80 do adj 5s A wi..
z,ilo Pan 6s
91 do gen 4s
14 Morris 1 I IV.
New on term 4s
SI do Tall ino 6a
TIM V n mn 4.
Sir do deb 6s
4
8
1
11
. 51
1
1
18
16
61NYCHR reVi 4 14 si
ilW tr ek 1 4si
do deb 6s . .
NYOdrW ref 4s
N Y Rrf4streoefa
ao aa oa . . . . 1
NYStRy con 4J
N Y SAWg m 51
NYWestcJkB 4s 44
60 14
4614
85
44
65
48
43
43
111
103
109
100
82
58
100 hi
95
86
84
80
12
75
74
49
87 "4
77
69
8t "4
98
91
80
79
90
80
77
89
92
36
85
80
87
8214
68
98.
22
60
75
76
81
104
68
99
78
79 '
8A
7
65
48
P
'a SMI
r
N A WRRcvt6s.. llSSt
2fN AW4sPACACdvl u
SJNor.Pc 6s aer B.jl97
81 do prior la 4s. .1 4U
71 do rf A. inn & t
1(0 4k O 1st 5a. ..MOO
1IO S L 1st cone 5ilo-t
2IO-W HAN 4. 1 at
sair a. M KK.es efs
1 Pa R R7a
12 do 5s ........
II do con 4 s .
6 do gold 4 He...
21 do va 414 s.
2 1 Per. Maroj 4s...
2 Philippine Rd 4a.
AiPGCAStl. 6s A
1 M"44 ....
2!8LrMS ref 4s...
s;r a n ei . ....
5;8fJMSRQ div 4s.
S4 pr B 4S A.
291 do 5s B .
3 do gn 6s 3.,.
42) do adj 6s .-
281 do inc 6s :'. . .. .
19j do gen 6s'...
12;S L S eon 4s. ...
4! do Term 5s v., .
3I8PECSL 4;. .
1'H A A A P 1st 4sj
s eabd 4k a fig,
SAL. rfg 4S
do SA1 en
do ooa 6s
. . .
s nt cvt as
00 rfg 4s
64
19
2
2
2218 Ry
4s,.
SI do eon 5s....
11 do ...... 101
10 3d Ave adj 5a. . .1 S514
l'irm a an buu i
8!U Pert 4s.. '...,( 93
3 do ref 4s, .. ...I 85
' S!Ya Ry 6s. . ; ,, . 97
iiweK na a. . . .
8'Weetem Pae Ss.
. UWinsten-Salevn 4 79
78
1 10
190
96
108
994
78
4
97
94
KS
96
as
79
so
190
75
108
77
79
79
74 14
93
88
21
60
91
88
67
92 92
88 88 j
86 88
8014 80
100 100
84 84
80 80
80 80 I
94 94
78 78
92 92
66 - 66
9114 91
69 5914
87 87
87- 8
63 85
08 98
111 111
110 110
78 78
89 89
86 87
99 99
65 85
63 63
108 108
90 91
87 87
25 28
87 87
99 99
79 79
61 51 -
66 66
61 61
69 70
107 107
102 102
7714 77
81 81
74 74
101 101
96' 96
108 103
98 03
964 96 44
56 14 6614
4614 46
85 85
44 44
I 55 . 55
43 43
I 43 . 43
43 43
111 111
102 103
109 109
100 100
82 82
5S4 58
100 100
95 ' 05
86 86
84 84
80 89
11 12
74 74
74 74
48 49
37 87
77 77
! 69 9
11 814
I 93 14 93
f 91 61
80 80
79 79
'90 90 .
80 80
77 77
89 89
91 92
85 86
85 85 '
80 80
87 87
82 82
fi7 87
98' 88
62 62
60 60
75 75
76 76
81 1H
103 103
56 66
99
73 78
79 10
30 30
"5 "5
48 48
44 44
113 118
86 86
107 107
4 84
96 97
199 10
102 102
!'. 81
72 72
119 119
199 : 190
96 H 96
108 108
99 99
78 78
46 44
97 97
94 94
86 86
96 94
83 - 83
79 ; TO
85 86
109 109
.74 74
69 I 60
103 193
744 77
T6 70
79 79
74 74 4
93 4 9314
88 88
21 21
59 60
91 91
85 85
64 67
95 95
101 191
85 55
91 91
93 95
94 84 14
-4 97
43 43
81 81
l 79l 79
ptsnatiou waa that the -lio
nidation whica ' baa .
nuuentiy lor over, a .
month in rataionso to
the necessity rf
strengthening the Wall .
street ii,s.Uon hsil
again broken out. Toe
immediate occasion for '
exposing Una weakness -was
the announcement
of t the Metoiebem- 1
alidvale meraer 'and
the discovery that, so
far ' from bring an
argument in favor of
the steel stocks,' it '
could actually be used
'as a cihd against tne
enure market. Tho
huge addition to the Bethlehem Steel eapttal
was the thing most insisted upon. - But besides
this the thought was in people's minds that
this latest merger bad been put through in
an effort to reduce ccs to meet the sharp
competition now going on in the steel trade.
The volume of business is indeed very good.
but it is a question, for the so-eailea inde
pendent producers of the profit mangin ana
whether this is enough to make a aaustactory
snow ia current earnings.
Selling It Cficoureaed 1
It was when the market received the merger
news with indifference and Beuuenem aoa
Midval. shares commenced to fade away that
traders .were encouraged to renew their efforts
on the short side generally. These efforts
were mora successful than those - or. in
previous days, especially when directed against
stocks like Standard OU of -New Jersey, Stude-.
baker and Baldwin Lioeomotive, in waicn laet 1
summer's "bull" movement bed been carried :
to the greatest extreme. The Standard OU
shares sold well below where they were before
there was any talk of a stock dividend. Bald
win ljocomouve teit me eucui, 01 w omp
pointmentr aroused over the disclosure that with
all that has been said about-the exception si
01S9U1.M US Ul, - v., j. . uw..
the last half year, earnings tor the full IX .
montna of 1922 wiU be considerably undes
those of 1921. .
Apart from the Mettilehera-MWvai. nwn
merger that could have possiDiy naa any
bearing upon the stock exchanger movement,
week-end business raviews describe the general
position aa satisfactory.
- Sterling. Eschanoe Mioher
Sterling exchange drew close to the 84.50
level or within 2 . cents in tho pound of the
highest of the year. 1 Tench francs were a.
little changed one way or the other, - while
Italian lire went higher.
A notable incident, wtuca- oeservea 10 count
more than it did in tne eaicuiauons 01 ui
oay. Waa the improvement in French bonds.
which seemed to louow atrecuy nuay a apviecii
by the president of the National City bank,
in which he expressed entire confidence ia
the safety of these aecuntMa aaa tooa an
optimistio view of the European outlook . gen
erally. " -
Lest Trade Weakest
-The 'weakest period in the day was the last
Quarter of an hour. Studebaker waa off 9
powit-i and Baldwin Locomotive T as com
pared with their highs of Friday morning.
United tatea steel common got aovm uo u
lowest aince' September. - Columbia Gas waa
the worst sufferer among the publio utilities,
although, there was nothing in the earnings
situation of the company) to warrant the de
cline. Railway rtocks were off anywhere from
a point to 2 points. Tho close waa very' weak
at the lowest of the day.
Drachmas . .
Copenhagen- -
Kroner -. . .
Christiani '
Kroner . & .
Stockholm-
-Jaroner ....
LJSongkoBg
Japan Yen ....
Shanghai Taels
3Sw Tork Ssrar aad Coffss
New Tork. Nov. 55. TJ. P.) Sugar.
oulet; raw. $5.63; refined, quiet; grannlated.
37.09 7.10. ' ' -
-Coffeo No. 7 epot R4e 19Ile; No.
Gurb Pressure
Follows Weakness .
On Stock Exchange
By William 4F. Neffaman
New York, Nov. 25. The curb exchange
was subjected to the same heavy selling pres
sure today that was in evidence on the stqek
exenange iw - iot - wjt. .wi, .vwc.
namely, that speculative accounts overloaded
during the campaign of last spring and sum-
t . .1 k. . ..i. w r.ra ni 1 . .. rf th. un
H1CI UHU V.. .www -- - -.
rifice involved. ...
This forced selling bore most severely again! t
the Standard Oils because this was the group
which bad had the greatest rise in tlte mar
ket of a month or two ago. Standard of
Indiana was the leader with quite a violent
preak. It left off 8 points lower on the week.
StandaR Oil of New York fell 2s points with
a corresponding decline in the new $25 par
value shares. Magnolia Petroleum, Vacuum
Oil. Sta hard Oil pf Kentucky and the New
Standard Oil of - New -Jersey shares were all
very weak and so were the pipeline stocks.
Prairie Pipe prok. 19 points.
Ohio Oil annonncd a dividend of 88 a
share on the 600,000 shares of capital stock
payable to-- holders of : record December 1.
Stockholders also approved an increase in the
capital from 815.000.000 to S6O.000.O0O.
This inrrea. will be used for the 800 per cent
The weakness in the Standard Oils extended
to the independent oil alia re. There were
reports of talt water in the No. 3 well in
and these brought heavy selling into the stock.
Maracaibo, Mammoth OU and City Service
were all prominent in th decline.
Motor shares moved with th. rent of the
market with 'the exception of Peerless, which
was up over a point.
FOREIGN EXCHANGE KATES
Corrected daily by the "foreign exchange de
partment of th. United State National bank.
Quotation below (except tho oound ster
ling) are quoted on-the basis of 100 units for
eign -Currency. - - l
Opening nominal rates on bank transas
Draft Cable
Checks Transfers
4.49 $ 4.49
London .
Lb. Sterling. $
Paris Francs .
Belgium Francs ;
Berlin Marks.
Genoa Lire .
7.14
e.60-
.01
4.79
1.58
20.25
18.37
26.85
53.20
48.62
70.90
7.16
e 6.8 1
101
4.79
1.60
20.80
18.42
26.90
63.4 5
48.67
71.20
Par
Value
$ 4.866
19.80
19.80 -
28.81 :
19.30
19.30 :
26.70
23.70
26.79
Canadian dollar discount, per cent.
Dried Fralt aad Beans
" New Yorkv Nov. 25. (L N. S. ) rWn
Market firm. Pea. choice. 87.76 98.90: red
kidney, choice, $8.00? 8,50.
Prtd rrmts Market in fair demand. Ap
ricota, . choice to extra fancy, 24 3 8c; ap
ples, evsiiorated. prime - to fancy, 1 4 i
12e; prunes. 80s to 60s. 12 w 17 c; do
60s ta lOOs. 7v12e; peaches, ehotoe to extra
fancy. 13 19c; seeded raisin, choice to
fancy. 2223c -
,201 Railway Exchanvm
Msasbsr CbJcago Board sf Trssta
STOCKS EOHDS
mm conci
r&ITATB LBASED 1TIRXS TO
ti. F. Hutton & Co,
SfEXBZKS ALL PRISCIPAJ, .
.EXCHANGE
.- SValleli Zaaatrtas AO Laaal
svaswltias
s0?erbsck Cooke Co.?!
BBOKJCRS
af Trasa Bto-. Portkana.
Or, sVaffa Wslv
STOCKS, COuDS,
GRAIN AKD C0JTC3 ;
7 DIRECT FKITATB vTIBBS
Logan & Bryan
SKW IOBK - AXD CHICAG9)
sit TfiQST ST- PORTI.AXTI- Otl.
4 Santos, lS16a