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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Aug. 24, 1916)
THE OREGOXIA3T. THURSDAY, AUGUST 24, 1916. 7 19 SALES CHEGK RISE Profit-Taking Unsettles Wall Street Market. EARLY GAINS WIPED OUT Steel Transactions Overshadow All Other, With New Maximum Price Touched, but Stock Falls Back Later. v NEW YORK, Ausr. 23. Prof it-taklns act ad u a check on todays active market, but was not especially effective until the final hour, when many of the day's gains vere reduced or completely effaced. Short sell ing. Induced In part by the delay in the Tail road nesotatlon at Washington, also served to bring about the late reversal. United States Steel was again the main pivot about which the market for the most part revolved. That stock made a new maximum on Its advance of to 9H. from which It fell back to 7, the closing quotation. Dealings In Steel were so exten sive as to overshadow every other feature of the market, aggregating 250,000 out of a total of 1. 073,0oi shares. Demand for rails was most Insistent In the forenoon. Union Pacific leading at toss gain of 1. with a further inquiry for Reading and Lehigh Valley, as well ai other coalers, St. Paul and Great Northern. All these Issues yielded to the pressure of the afternoon, together with coppers, Mexi cans and some of the remote war issues. Shipping shares and the automobile dlvl 'fltons were e,3ala subject to concerted selling movements, the former by reason of rumors Indicating another reduction In ocean freight rates, and the latter as a result of the new atock offering of the "Willys-Overland. Bethlehem Steel stood out among the high-priced specialties by its further gain of 8 to 4S9, and Cuban American Sugar lost as much with a moderate recovery at the end. There was less activity In mis cellaneous or unclassified stocks, those issues showing material change. A slight shading of rates to Berlin and Vienna marked the only change In foreign remittances, dealings In sterling bills and francs being extremely light. Anglo-French 5s w.-s again the sole fea ture of the steady bond market. Total sales, par value, aggregated J3.S65.000. United (States Panama 2s advanced K per cent on call. CLOSING STOCK QUOTATIONS. Closing Sales. Am Beet Sugar.. 'J, COO American Can. .. 23.H0O Am Car & Fdry.. 4.500 American Loco. . 34,-00 Am Sm & Retg.. 11,400 Am Sugar Refg. 6O0 Am Tel & Tel . . . 1,600 AmZlncL&S.. 2.10O Anaconda Cop. .. 64.900 Atchison 3.000 Baldwin Loco 14.000 Bait Ohio 0,300 Br Rap Transit. . S00 B & S Copper,-. . 4.50O Calif Petroleum Canadian Paclf . 1.60O Central Leather. 3,500 Ches & Ohio 200 Chi Mil & Ht P. .. 4,800 Chi Se N Western. aoO C R I & P By B.400 Chlno Copper 2.300 Colo Fu & Iron.. 14.100 Corn Prod Refg.. 3,200 Crucible Steel. 18.600 Distill Securities. .30O Erie E2.300 General Electric. 1,000 Ot Northern pfd. 2,100 Ot Nor Ore ctfs.. 6, BOO Illinois Central.. l.lflO Inter Cons Corp. 2.400 Inspiration Cop.. 28,500 Inter Harv, N J.. 200 1 Jnt M M pfd ctfs. 84,300 K C Southern .. . TOO Kennecott Cop. . 20.600 Wish. SDH 62 i 64 'i 70H 101 US 85 H 87;, 1034 85 iin" 5S4 63 V, flovi 1271. 18 53 51 H 159. 7 SI 47 80N 171V4 119 40H 102 H 174 54 115 102 26 00H Low. S"4 62 H 63 4 77 110 131 34 83 103 S'J'i 88 84 68 177 .17 Vi 62 127 17 62 r.o ' ir 75 40 87 170 118 89 102 IT 53 114 100 25 49 9s bid SS14 61 62 77 100 1(9 131 84 86T4 104 80 S8 84 68 19 177 57 62 05 127 17 52 60 15 . 75 46vs 37 170 117 39 101 IT 53 115 100 25 61) Louis & Nash 330 Mexican Petrol.. 6,300 303 ifilK Miami copper. .. l.iOO 3u 3o M K 4 T pf d Missouri Pacific. 300 5 6 Montana Power. ...... ..... National Lead. . . 400 Nevada Copper.. 6.300 New York Cent.. 17.800 N Y N H & Hart. 2.600 Norfolk & West.. 1,000 Northern Pacif.. 2.700 Paclf Ic Mail ,200 Paclf Tel & Tel Pennsylvania.... 30.300 Ray Consol Cop.. 6,400 Reading 75.800 Repub Ir i-Steel. 38,200 fchatt Aril Cop. . 2.200 Southern Pacific. 32.000 Southern Ry. .. . 7.800 TenneBsee Cop. . 9.400 Texas Company. . 1.40O Union Pacific SS.jOO do pfd TT S Ind Alcohol.. 32.300 U 8 Steel 25S.700 do pfd 3.6O0 Utah Copper. .. . 7.600 Wabash pfd B. .. 2,800 Western Union. . 800 Westing Elect. . . 9.500 Total sales for the day. 3,075,000 shares, BONDS. 67 1854 307 61H 332 Vi 313 29 . B 25 309 55 30 3A 24 32S 28 3!74 143 v, 317 99 318 84 2S PI 6C 38 306 BS 331 111 26 "Bo 24 107 54 20 B!l 24 32B 25 395 342 314 97 117 2 27 93 60 101 85 10 4 2 69 38 10 50 131 74 111 26 85 55 24 307 64 29 Tt 09 24 328 26 195 342-4 82 315 95 137 83 27 95 60 TJ S Tef 2s reg. .99 tf S ref 2s coup. 'Oft V B 3s reg 301 TTSil coupon. 100 IT S 4s reg 109 U S 4s coupon. 110 Am Smelter 6s..lOS Atchison gen 4s. 92 NYC deb 6s... 112 VArttlrn V - j . Cl 1 r Northern Pae 3s.65H Pao T & T 6s...301 Penn con 4s..l04 South Pac ref 4s 90 do cv 5s 104H Union Pao 4s 96 do cv 4s 93 U 8 eteel Bs. ..100 Anglo-French 6s. 95 Bid. Sibling" BOSTON, Aug. Allouez Arts Com Calumet & Arls, Cal A Heola. Centennial . . . . Cop Rang Con. Kast Butte Cop. Franklin ....... Greene can Isle Roy (Cop). Kerr Lake T-Hk9 Copper.... Alohawk Stocks at Boston. 23. Closing quotations: 67Nlplssing Mines. T North Butt 23H 71 Old Dom B55 lOsceola 16 IQuincy . 64 Shannon 13!Superlor 7 46 29 4 33 90 Sup & Boa Mln. Tamarack Utah Con Winona . ........ Wolverine 0 89 91 S 34 4 41 14 5 53 Money, Exchange. Etc. NEW YORK, Aug. 23. Mercantile paper, 8 3S per cent. Sterling 60-day bills. 84.71; demand, 84.75 11-16; cables. $4,76 7-16. Bar silver. 66 c Mexican dollars, 51c Government bonds, strong;. Railroad bonds, steady. Tim loans Easy; t;o days, 23 per cent; 90 day 3. 33 per cent; six months, 34 per cent. Call money Steady; high. 2 per cent; low. 2 per cejit: ruling rate, 2 per cent; last loan, 2 per cent: closing bid. 2 per cent; offered at 2 per cent. SAN FRANCISCO, Aug. 23. Sterling 60 days, 84.71; demand, 84.79; cables, 84.76. Mexican dollars, 62c. LONDON. Aug. 23. Bar silver, 81 d per ounce. Money, 3 per cent. Discount rates Short bills, 65 per cent; three months. 55 per cent. Stocks Xlrm at London. LONDON1. Aug. 23. American securities were firm, especially United States Steel, which sold at higher ranges than New York, bringing out a better supply of stock. 6 AN IK AN CISCO PRODUCE MARKET Prices Current on Batter, Efffrs. Fruits, Vegetables. Ktc, at Bay City. SAN FRANCISCO. Aug. 23. Butter Fresh extras, 27c; prime firsts, 25c; fresh firsts, 23 c. Eggs Kresh extras. 33c; pullets, 30c. Cheese New, 14c; Young America, 17c. Vegetables String beans. 805c; wax, 67c: Umas, 34c; green corn, 81.2501.50; Summer squash, 75c(5;$1.25; cucumbers, 810 1,10: tomatoes. 75c?l; eggplant, 45 Q 50c Onions 81.25 1.35. Potatoes New, $2 62.25. Fruit Plums, 8101-10; pears, 75c81.25; peaches, 81; grapes, seedless, 75&3c; black berries, 82.50&8; lemons, .84 6; grapefruit, 2.508:2.;3; oranges, $3.50iS 3.75; bananas, 60c$8l.25; pineapples. 834.50. Receipts Flour, 11.S50 quarters; barley, 4.T.15 centals: beans, 115 sacks, potatoes. 4235 sacks: hay, 163 tons; hides, 535; wine, 2S.20O gallons. Ironside Hay Crop Good. IRONSIDE. Or., Aug. 23. (Special.) The harvesting of the first hay crop will be completed this ffepk. The yield Is better than last year. But little grain was raised this season. Naval Stores. SAVANNAH. Ga Aug. 28. Turpentln. firm, 42 c: sales, 39S barrels; receipts, 460 bawels; shipments, 310 barrels; stock, 38.51S barrels. , Rosin, firm; sales, 1777 barrels; receipts. 1568 barrels; shipments. 258 barrels; stock, 67,281 barrels. Quote: A, B. $5.90; C. D, $5.95: E, $6; F, $6.05; G. $6.07; H. $6.25; I. $6.80; K, M, X, $6.30(3 6.35 W3, $6.65 WW, $6.75 6.80. Metal Market. NEW YORK-, Aug. 23. Copper, firm; elec trolytic. 26.50 028c. Iron, steady and' unchanged. Metal Exchange quotes tin quiet and strong, 88.37 38.67c. The Metal Exchange quotes lead quiet, 8.6008.76c Spelter, quiet; spot, East St. Louis deliv ery, 8c Chicago Dairy Produce. CHICAGO. Aug. 23. Butter Firm; re ceipts, 11.812 tubs: creamery, extras, 81; extra firsts. 8030c; firsts, 2829c; seconds, 2627c Eggs Unchanged: receipts, 10,119 cases. Cheese, unchanged. Duluth Linseed Market. DTTLUTH. Mien., Aug. 23. Linseed on track, $2.13; to arrive, $2.13; Septem ber. $2.13 asked: October, $2.15 asked; November, $2.15 asked; December, $2.13 bid. Unable to Meet Settlement. LIVERPOOL. Aug. 23. Th Forgan Com pany, cotton dealers, announced today it would be unable to meet tomorrow's settlement. New Toxic Sugar Market. ' NEW YORK, Aug. 23. Ran'tuiir Nom inal; centrifugal, 5.75c; molasses, 4.98c. lleflned Quiet: fin granulated, 707.25a. Cotton Market. NEW YORK, Aug. 23. Spot cotton steady; middling uplands, 15.10c No sales. ALL LINES ARE STEADY OJiXY TWO LOADS OF STOCK KE- CEIVED AT YARDS. Best Crade of Uoi Agnin Sell at f 0.60 and Cattle and Sheep at Former Prices. Only iKO loads of stock reached the yards yesterday and these, with some car-ried-over supplies, made the small market. There was no .change in price conditions. The best hogs again sold at 89.60 and cattle and sheep also moved within th former range of quotations. Receipts were 25 cattle and 115 hogs. Shippers were: George Glldersleeve, Adams County, Wash., 1 car cattle; J. E. Parish, Marlon County, 1 car hogs. The day's sales were as follows: Wh.Prlce.l Wt.Prlce. 1 heifer ... 700 $4,001 1 hog T40$S.25 1 steer 7 cows 1 cow . 1 cow . 2 cows 7 cows 1 bull . 1 st-er 2 bulls lbull . 1 calf 1 hog . 3 hogs 1 hog . 8 hogs 8 hogs 2 hogs 5 hogs 8 hogs 3 hog 710 . . 870 . . 3020 . . 970 . .12TO . . 721 ..1140 . . 850 . .1153 ..1300 . . 30 . . 390 . . 243 . . 20O .. 347 . . 177 . . 175 . . 3 TO . . 3 53 120 4.50 3. 8.0O 2.00 4.00 B.0O 3.75 3.23 3.00 3.75 12 hogs 181 liH) . 203 242 1011 9F.0 .. 910 .. 970 . . 902 .. 850 .. 805 .. 815 . 89 . . 63 . . 323 .. 3 00 . . 1 33 . . 110 . . 03 . . 107 .$6.75 9.0U 9.60 9.60 9.60 6.20 4.50 4.23 4.23 4.00 3.75 3.50 3.00 8.00 7.50 B.00 6.00 4.90 3.60 3.0 2.25 H 90 6.73 97.10 B.TSsd 2S 6.25 0 5.75 3 hoc 36 hoss 5 hogs IO cows 1 cow 1 0W X cow . 5 cows 2 cows 2 cows 8.6OI 2 cows . 9.601 7 lambs. 9.60113 lambs 9.60 21 ewes 9.60 7 ewes . 9.60 2 ewes 9.60 8 ewes 9.G0 3 ewes 8.25I1S ewes . Steers, primellght Prime heavy Good Choice cows .............. Medium to good .................. 4.5Org.5.0l neiiers 3.0U(3.T3 Bulls 3.00 'it 5 00 Calves 8.5007.50 Hogs Prime lirht 9.25B60 Prime light 9.25 0 9.70 Prime strong weights 9.40ii9 50 Rough hevy packing 8.65u8.3 Pigs and skips S.50i9.10 Sheep Spring Iambs 8.0008.33 Common lambs .................. 5.50cu.uo Choice yearlings 6.00J6.23 Good yearlinirs .................. 5.503.73 Choice wethers. 6.0006.50 Choice ewes r.OO05.23 Common ewes 2.000 3.00 Omaha Livestock Market. OMAHA, Aug. 23. Hogs Receipts. 17,100. lower. Heavy. $9.90010.25; light, $10.20 10.75; pigs, $901O; bulk of sales, $100 10.25. Cattle Receipts, 400O, lower. Native steers, $9010.60; cows and heifers, $60 7.40; Western steers, 16.7540; Texas steers, $6.6007.25; canners, $405.75; stockers and feeders, $608.40. Sheep Receipts, 20,000, lower. Yearlings, $6.5007.60; wethers, $6.75 0 7.25; lambs, $10010.75. Chicago Livestock Market. CHICAGO. Aug. 23. Hogs Receipts. 30', 000, steady to 5c lower; bulk, 810.60 11.15; light. $10.6011.3o: mixed, $10.30i 11.25: heavy. $10.10 011.20; rough, $10.15lO.35; pigs, $7.500 9.50. Cattle Receipts, 20,000; steady, 30c lower. Beeves, $6.90 011.10; cows and heif ers, $3.5009.30; stockers and feeders, $50 7.65; Western steers, $6.400 7.65; calves. $9012.25. Sheej) Receipts, 20,000; steady to 30o lower. Sheep, $6.3007.80; lambs, $6,750 30.75. BRAZIL MAKES PRICES COFFEE VALUES DICTATED BY , SOCTHERS REPUBLIC. Quantity Released to Consuming Coun tries la Limited Roasters Com pelled to Advance Quotation. Brazil continues to hold the upper hand, and thus far has been In a position tdT dic tate coffee prices. The coffee trade, as previously , stated, did not think Brazil was In a sufficiently strong financial position to bring this about, but owing to econo mies throughout Brazil and th Inability to get foreign goods, the coffee-producing states particularly have got their finances in much better shape than was anticipated, even though the Federal Government Is still in bad shape financially. By reason ot this, and also because of the support that nw AmerlcA banks in Brazil have given, that country has been able to demand and re ceive fully 25 per cent better prices than last year. The Government continues to limit the amount to come to the seaboard, and as the demand absorbs practically everything that comes, the country has been able thus far to maintain prices, and the chances seem to be for higher rather than lower prices. Peaberry coffees, as stated before, are in very short supply both In Brazil and-other coffee-growing countries. The crop last year ran strongly to peaberries, and ' this year quite the reverse. It is understood that fhere have been ad vances by roasters throughout the country, and while these are but small, so far. further advances In certain lines will be come lmparative. NEW YORK. Aug. 23. The market for coffee futures was firmer today on cover ing by near, month .shorts and moderate trade buying, followed by reports that some of the Brazilian shippers were asking higher prices In the cost and freight market. Trad ing was quiet at the start, but the opening was 1 to 2 points higher and business be came more active during the day, with Sep tember contracts selling up to 8.72c and May to 9.04c, about 20 to 21 points above the low level of yesterday and 16 to . 19 points net higher. The close was a shade off from the best under realizing, with last prices showing net gains of from 9 to 33 points. Including exchanges from Sep tember to later months, sales amounted to 77.000 bags. August, 8.69c; September, 8.69c; October, 8.73c; November, 8.72a; December, 8.73c ; January, 8.77c; February, 8.83c; March, 8:85c; April, 8.90c; May, 8.95c; June, 9.00c; July, 9.04c Spot, fair, demand; Rio 7s, 0c; Santos 4S. 30 c. Sales of .Santos coffees were reported In th cost and freight market, but the prices were not mentioned. Some of yesterday's lowest offors from Brazil were reported higher today, but quotations still ranged from about 30.60 to 30.69 for Santos 4s. The official cables reported no change In Brazilian markets, except Santos futures, which were S3 reis lower to 25 rels higher.. Open. High. Sept. ...$1.49 $1.61 Dec 1.52 V 1.54 CORN. Sept." 85 .86 Dec .73 .74 OATS. . Sept. 45 .43 Dec 48 .49. PORK. Sept. 27.45 Dec 23.45 LARD. Sept.' 13.82 J3.8T Oct. 13.80 33.83 Sept. 14.30 34.80 Oct 34.02 14.07 WHEAT TURNS QUIET Advance in Chicago Market Has Been Checked. TONE NERVOUS DURING DAY Selling: Is Free at Outset ot Session, but Commission House Demand Prevents Any Serious Decline. Iiittle Change at Close. CHICAGO. Aug. 23 Wheat, after Its re cent feverish activity, turned quiet today, and closing prices were e lower to e higher. Corn closed o lower to He up and 0 9no higher. Provisions were Irregu lar, with no material change. Wheat showed a nervous tone throughout. Wheat was sold freely at the start, but a commission-house demand prevented any material dene In prices and Immediately thereafter the market advanced about a cent from the bottom. The remainder of the session was comparatively dull, with the trade apparently awaiting developments. Fluctuations were narrow. In the corn pit there was a sentiment nice ly balanced as to the proper level of prices, and as a consequence fluctuations were nar row most of the day. Prices dipped early, but recovered with wheat early In the ses sion. The Government crop bulletin also reported improvement where rains did not arrive too late. Oats were well supported by speculators and cash houses and registered a small gain for the day. There was a big trade In De cember around 49c. Kxporters were liberal buyers and apparently wanted more than they could get at present prices. Trade in provisions was unsettled. Sep tember and December pork closed 5 cents down, but the October delivery 10 cents up. Lard worked 7c higher and ribs 2 to iz c lower. A good cash business was reported. Leading- futures ranged as follows: WHEAT. Low. $1.48 1.52 .85 .73H .43 .48 2T.40 23.30 Close. $1.49 1.53 5s H .74 .45 .47 5, 27.45 23.30 33.75 33.85 33.75 33.SI2 34.25 34.25 33.97 14.05 Cash prices were as follows: Wheat N'o. 2 red, $1.54: Xo. 3 red, $1.50 01.52; No. 2 hard, $1.5201.53; No. 8 hard. $1,4041-53. Corn No. 2 yellow, 88(988c; No. 4 yel low. 86c; No. 4 white, 85 c. Oats No. 3 white, 45046c; standard, 45'4 046c. Rye No. 2, $1.2101.22. Barley S5c0$1.15. . Timothys Nominal. Clover $7 014. I"orei?n Grain Markets. LIVERPOOL. Aug. 23. Cash wheat, un changed to Id lower. Corn, unchanged. BCEKOS AlP.ES, Aug. 23. Wheat, 2 to 2 . hicier. LONDON, Aug. 23. Cargoes on passage, firm. ROSARIO.. Aug. higher. 23. Wheat, stronger, 2 Minneapolis (J rain Market. MINNEAPOLIS. Aug. 23. Wheat Sep tember, $1.5914; December. $1.56. Cash- No. 1 Northern. $l.Cyi (g 1.63 : No. 2 North ern. $1.50 1.61. Flax, $2.140 :18. Barley, 75cta-$1.04. Bastern Wheat Futures. KANSAS CITY, Aug. 23. Wheat closed: September. $1.45; December, $1.47; May, 1.51. ST. LOUIS Aug. 23. September. $1.48: December, $1.52 bid; May, $1.59. DtTHrrH,' Aug. 3. September, $1.69; December, $3.50 bid, $1.89 asked. WINNIPEG, Aug. 23. December. $1.48; May, $1.53; October, $1.52. Eastern Casb Wheat Market. ' KANSAS CITY. Aug. 23. Cash wheat, un changed to lc higher. Corn, unchanged to c higher. Oats, unchanged. OMAHA. Aug. 23. Wheat lc to 2o higher. Corn, 0 higher to o lower. Oats, 0 to le up. CHICAGO. Aug. 23. Cash wheat: No. 8 hard, 2 He over September Option. Grain at Ban Francisco. SAN FRANCISCO, Aug. 23. Spot quota tions: Walla, $2ff?2.05: red Russian, $- 2.05: Turkey red. $2.1602.20; blues tern, $2.15 2.20. Barley, feed. $1.67t4f170. Oats, white, $1.7011.72. Millfeed: Bran, $25. 00 25.50; mldldllngs. $32$33: shorts, $28.5029. 'Callboard: Barley, December, $L75; May, $1.77 bid, $1.79 asked. Paget Sound Grain Market, SEATTLE, Wash., Aug. 23. Wheat Bluestem. $1.27; Turkey red, $1.80; forty fold, $1.24; club, $1.24; fife, $1.24; red Rus sian, $1.23. Barley, $33.50 per ton. Yester day's car reoeipts Wheat, CI; oats, 22; bar ley, 1; corn, 6; hay, 12; flour, C. TACOMA, Wash., Aug. 23. Wheat Bine stem, $1.26; fortyfold. $1.23; elub and red fife, $1.22. Car receipts Wheat, 44; corn, 1; oats, 1; hay, 8. Cannery Ontput Large. JUNCTION CITY, Or., Aug. 22. (Special.) The Junction City cannery, a branch of Eugene Fruitgrowers' Association, surpassed expectations regarding this season's oper ations. Two hundred and eighty-fiv cases, or a half carload of loganberries and beans were turned out in one day. Additional workbenches were Installed and a force of 75 employed. The bean - crop was the largest that Northern Lane County has had for years. The cannery will run another montu. Hops. Etc, at Xeir York. NEW YORK, Aug. 23. Hops, hides and wool, steady. Dried Fruit at New Tortc JfETW YORK, Aug. 23. Evaporated apples, quiet. Pruntp, steady. Peaches, quiet. DAILY CITY STATISTICS Births. TAYLOR To Mr. and Mrs. Edward L. Taylor, 207 East Thirty-third street, Aug ust 19. a son. WEED To Mr. end Mrs. Jease Bell Weed, 435 North Twenty-second street, August 17, a son. SMITH To Mr. and Mrs. Leslie M. Smith. 210 - Twenty-second street North, August 15. a son. KRAITZ To Mr. and Mrs. Joseph Kraltx, Linnton,-July 25. a son. SHARP To Mr. and Mrs. William H. Sharp, 223 Oswego street, August 13, a son. M'CORKLE To Mr. and Mrs. Archie Mc Corkle, 4US East Polk street, August 16, a daughter. LINEHON To Mr. and Mrs. Jeremiah Llnehon, 220 Cook avenue, August 14, a daughter. BACON To Mr. and Mrs. John I. Bacon. 800 East 'Sixth street North, August , 12, a son. SMITH To Mr. and Mrs. Otto David Smith, 781 Brooklyn. August 12. a son. LACY To Mr. and Mrs. William B. Lacy. 241 East Forty-first street. August 10, a daughter. WATKINS To Mr. and Mrs. Elgin Wat kins. 404 Russet t street, August 15. 1 daughter. Vancouver Marriage Licenses. THOMPSON'-BARTEAU Roscoe ThOmp. son, 24. of Portland, and Miss Aleta Bar teau, 19, of Portland. WARREN-GEORGE Herbert 8. Warren, 26, of Portland, and Mrs. Edna I. George, 25, of Portland, Bulldine; Permits. C. W. DOFFLEMYER Repair one and one-half-story tram dwelling, 34 West Proscott street, between Patton and Con cord streets; builder, same; $100. F. W. DsTEMPLE Erect one-story frame garage, 742 East Main street, between Cast Twentieth and East Twenty-third streets; builder, same: $125. W. L. NASH Erect one and one-haif-stoix frame dwelling, 1378 Tabor Court, $250,000,000 United Kingdom of Great Britain and Ireland TWO-YEAR 5 PER CENT SECURED LOAN COLD NOTES. Direct obligations of the Government dated September 1, 1916. Due September 1, 1918. Interest y payable March 1 and September 1. Principal and interest are payable in United States gold coin, at the office of J. P. Morgan & Co., without deduction for any British taxes, present or. future coupon notes of $1,000, $5,000 and $10,000. Redeemable at the option, of the CovcrnmcViU in whole or in part, on thirty (30) Jdi;$ notice, as folloton At 101 and accrued interest on any date prior to September 1, 1917. At IOOY2 and accrued inter est on September 1, 1917, and on any date thereafter prior to maturity. To be secured by pledge aii the Farmers' Loan and Ttust Company, of Nen York City, under a pledge agreement executed by the Government, of securities approved by J. P. Morgan 6V Co., of an aggregate value of at least $300,000,000 calculated on the basis of prevailing market prices, sterling securities being valued in dollars at the prevailing rale of exchange, viz: Stocks, bonds and (or) other securities of corporations organized in the United States, value $100, 000,000 ; bonds and (or) other obligations of the' Government of the Dominion of Canada, either as maker or guarantor, and stocks, bonds and (or) other securities of the Canadian Pacific Railway Com pany, $100,000,000; bonds and (or) other obligations of the several following governments, either as maker or guarantor, vix., of Argentina, Chile, Norway, Sweden, Denmark, Switzerland and (or) Holland, $100,000,000. Pending-the arrival and deposit of securities as above, the Government is to deposit temporarily H)ilh the trust company at the time of issue of the notes, either approved New York Slock Exchange collateral of aggregate value equal to thai of the then undelivered securities and (or) cash equal to five-sixths of such value. All such temporary collateral is to be exchanged from time to time in the same relative proportions upon the deposit of the above-mentioned securities, ff the pledged securities depreciate in value because of change in market price or in rate of exchange, he Government is to deposit additional securities rvith the trust company, to the end that the aggregate value of the pledged securities shall equal at least 120 per cent of the principal amount of the notes at the time unpaid and not secured by deposited cash. The Government is to reserve the right from time to time to sell for cash any of the pledged securities, in which event the proceeds of sale are to be received by the trust company and applied to the retirement of notes by purchase, if obtainable at prices not exceeding the then redemption price, and otherwise by redemption by lot at the redemption price. The Government is to reserve the right also to make substitutions of securities, but such substitu tions are not to vary the relative amounts in value of the above-indicated three several groups of securities at the time held by the trust company. Valuations of securities are to be approved by J. P. Morgan & Co. This offering is made subject to verification of the list of collateral, and to the approval of the necessary details by counsel. m . WE OFFER THE ABOVE NOTES FOR SUBSCRIPTION AT. 99 AND INTEREST. YIELDING SLIGHTLY OVER Sy2 PER CENT. Subscription books will be opened at the office of J. P. Morgan & Co., at 10 o'clock A. M., August 23, 1916, and will be closed at 10 o'clock A. M., August 28, 1916, or earlier, in their discretion. THE RIGHT IS RESERVED TO REJECT ANY AND ALL APPLICATIONS. AND ALSO, IN ANY EVENT. TO AWARD A SMALLER AMOUNT THAN APPUED FOR. AMOUNTS DUE ON ALLOTMENTS WILL BE PAYABLE AT THE OFFICE OF J. P. MORGAN & CO.. IN NEW YORK FUNDS. TO THEIR ORDER. AND THE DATE OF PAYMENT WILL BE GIVEN IN THE NOTICES OF ALLOTMENT. Temporary certificates will be delivered pending the engraving of the definitive notes. V. P. MORGAN Se CO. FIRST NATIONAL BANK, New York City. NATIONAL CITY BANK, New York City. HARRIS TRUST AND SAVINGS BANK, Chicago. WM. A. READ & CO. BROWN BROS. & CO. LEE, HIGGINSON & CO. KIDDER, PEABODY & CO. J. AND W. SELIGMAN & CO. GUARANTY TRUST COMPANY, New York City. BANKERS TRUST COMPANY, New York City. FARMERS LOAN AND TRUST COMPANY, New York City. CENTRAL TRUST COMPANY OF ILLINOIS, Chicago. UNION TRUST COMPANY, Pittsburgh. New York, August 22, 1916. between East Forty-ninth and East Fif tieth streets; builder, same; $3000. H. S. Amos Erect one-story frame stor age shed, 2299 East Glisan street, between East Ninetieth and East Nlnety-flsat streets; builder, a. W. Potect; $50. MT. TABOR FEUi COMPANY Erect one-story frame fuel shed. 809 Fiftieth street, between Hawthorne avenue and East Clay street; builder. J. W. Morrln; $100. I. A. CROSBY Erect one-story frame garage. 497 East Fortieth street North, be tween Brazee and Thompson, streets; builder, D. W. Mlddletoa; $123. H. GORDON Erect two-story frame apartments, 144 East Thirty-ninth street, be tween Belmont and East Morrison streets; builder, same; $30,00O. MRS. JOHN KER Repair two-story frame dwelling, 756 Talbot road, between Patton road and Falrmount boulevard; builder, M. W. Lorenz; $600. JOHN G. CLEMSON Repair two-story frame dwelling, 819 Lovejoy street. be tween East Twenty-fourth and East Twenty-fifth streets: builder. John Moore; $600. J. P. M'KENNA Erect one-story frame garage, 149 East Thirty-ninth street, be tween Belmont and East Morrison streets; builder, same; $33. EMIL DALEXBACH Repair one-story frame dwelling. 1024 Kelly street, between Bancroft and Hamilton avenues; builder, 1. Miller; $200. . B. F. POND Erect one-tory frame dwelling, 6S9 East Fifty-seventh street North, between Klickitat and Siskiyou streets; builder, same; $2000. ANTON HUTH Excavate for store build ing. 149-151 Broadway, between Alder and Morrison streets; excavator, C. J. Cook Com pany; $1500. D. GARIFFO Repair one and one-half-story frame barn. 10UO Division street, be tween East Seventy-seventh and East Eightieth streets; builder. E. C. Kruger $60. IDA SUCKS Repair one-story frame dwelling. 879 East Ninth street North, be tween Shaver and Mason streets; builder, E. F. Baltremann; $10u. O. OLSE.V Repair one-story frame dwelling, 1669 Mississippi avenue, between WlnoheTl and Terry streets; builder, day work; $50. ELLA E. BYBEE Erect one-story frame garage, 329 East Eleventh street North, be tween Wefdler and Halsey streets; builder, R. M. Rayburn; $180. CHARLES H. THOMPSON COMPANY Repair two-story frame dwelling, 94 East Seventy-second street, between East Alder and East Washington streets; builder, Lee Cheeley; $650. HEXTON &. STRAUSS Wreck three-story frame stores and rooms, 860 Mokrlson street, between Park and West Park streets; wreck er, o. K. & Rose City Wrecking Company; $500. MARY A. HOLLIS Repair one-etory frame dwelling. 674 East Seventy-seventh street North, between Klickitat and 61skl-yo-j streets; builder, J. H. Clark; $100. SAMUEL. NELSON Erect one-story frame garage, 314 North Willamette boulevard, be tween Baltimore and Chioago streets; build er. J. H. Gee: $100. P. E. TURNER Erect one-story frame garage. 673 East Fifty-fourth street North, between Siskiyou and Klickitat streets; builder, same; $75. JOHN BRANDLE Repair one-story frame dwelling, 436 Forty-sixth street Southeast between Forty-sixth and Forty-seventh ave nues; builder, same; $40. WILLIAM C. SULLIVAN Erect one-story frame shack, 635 Saratoga street, between East Fifteenth and East Seventeenth streets; builder, Charles E. Hmtth; $125. JOHN AND JOSEUPH MATSCHINER Repair four-story ordinary stores and hotel. 22 North Broadway, between Burnalde and Couch streets', builder, B- T. Allyn; $100. JOB BATTAOLIA Repair one-story frame dwelling, 320 East Eleventh street, corner East Market street; builder, W. H. Gordon; $150. S. HARKINS Repair three-story ordinary stores and room. 241 First street, between Salmon and Main streets; builder, William Isense Company; $75. FLIESCHNER-MAYER CO. Repair two story ordinary factory, 238 Couch street, be tween Second and Third strata; builder, Charles DuPuls: $275. M. F. RHODE Erect one-tory frame garage, 845 East Thirty-third street, be tween East Market and Stephen streets; builder. John iSwIck: $2uv. PHILIP MARSHALL Repair two-etorv frame stores and rooms. 275 Bumslde street, between Third and Fourth streets; builder, Becker A Co.: $40 F. HIRSCH Repslr one-story frame dwelling, 6011 Forty-first avenue Southeast, between Sixtieth and Sixty-first streets; builder, A. D. Moodle; $15. As Members of Underwriting Syndicates We Buy and Sell Loans of Foreign Governments and are prepared to receive SUBSCRIPTIONS FOR ALL SUCH LOANS. HALL. 6? COMPANY Investment Bonds. Lewis Building. ' Local Securities. LINN REGISTRY IS SLOW About 3 00 0 Voters Have Failed to Get Xamcs ou Roll. ALBANY, Or.. Au?. 23. (Special.) Only 27 voters have registered in Linn County since the primaries. The books have been open for that purpose several weeks, but no interest has been mani fested yet In the registration. This la in accord with precedents, for the voters seldom begin registering In large num bers until shortly before the election. Probably 75 per cent of the voters ot Linn County registered before the pri maries, but it is estimated that thero are about 3000 voters yet to sign thn roll if all participate in the general election. Raymond Has Wilson. Dinner. RAYMOND. Wash.. Augr. 23. (Spe cial.) One hundred persons attended Woodrow Wilson's banquet at the Lin coln Hotel in this city Monday night. George P. Flshburne. of Tacoma, can didate for Congress from the third dis trict, spoke. A Woodrow Wilson league was organized. Attractive Investments We own and offer: City of Portland 4 per cent Bonds. City of West Linn, Oregon, Water 5s. Port of Astoria Clatsop County Oregon, 5s. City of Canby, Oregon, Water 6s. Clatsop County School District 6s. American Foreign Securities Company New French Loan 3-Year 5s. and other equally good securities, yielding from APIo to G We will be pleased to furnish descriptive cir culars, containing price and detailed informa tion, upon request. Morris Brothers, Inc. Railway Exchange Building Portland. BR a a m H U B B H X3 B B B m u B B B B B n B B B B n fS m m p. 155