'TUB 3IORNINO OREGOMAN, THURSDAY, DECEMBER 11, 1919.
17
STOCK TRADING LIMITED
SMALLEST FULL DAY'S DEAL
INGS SINCE SUMMER:
Coal Stride Situation and Exchange
and Money Conditions Are
Leading Factors.
NEW YORK, Dec. 10. Dullness char
acterized today- a stock market, the tr
over of 605.00U shares representing the
smallest for a lull session since the sum
mer months. , .
The same causes which have Influenced
the ourse of recent markets were again
operative, notably the coal strike and
further depression of foreign exchange.
TbK were supplemented by greater un
certainty respecting money conditions over
the year's end and the question of rail
road financing. .
Call money, which opened at 7 per cent,
advanced to 10 per cent fti the later deal
ings, but few loans were reported at that
rare. .
The coal shortage was reflected In the
November statement of unfilled tonnage
by the United States Steel corporation,
which disclosed an increase of more than
66U.00U tons, the largest gain of any month
this year.
The bond market continued to lose
ground, domestic and war issues easing
with standard Industrials and utilities.
Sales, par value, aggregated $2.650.000.
Old United States bonds were unchanged
on call.
CLOSING STOCK QUOTATIONS.
Last
Sales,
l.ouo
3,000
1.100
1.000
800
2.600
oo
7.DOO
5,000
1.700
7.100
2. TOO
5110
Cattle Receipts. ll.OOO. strong.- Beef
steers, medium and heavy weight, choice -and
prime, 21.50; medium and good.
11.5019; common, $911.50; lightweight,
good and choice. S14.25&20.75; common
and medium, $8.2a'& 14.25; butcher cat
tle, heifers, $6.70 j 15.50; cows, $6.65
14.25: canners and cutters, S5.50&6-65; :
veal calves. 15. 75 & 17.75; feeder steers, j
7&12.50; stocker steers. $6?10.75: west-:
ern range steers. $7.50 415; cows and belt- i
era. 6.5012. I
Sheep Receipts. 10.000. strong. Lambs, 1
14. .o& 10.75; culls and common. $10,500
14.50; ewes, medium, good and choioe.
7.759.75; culla and common, $4.23
7.50.
Am Beet Sug.
Am Can ....
Am Cr A Fdry
Am H & L. pfd
Am Loco
Am Sra & Rfg
Am Sugar Rfg
Am Sum Tob.
Am Tel & Tel
Am 55 L & Sm
Anaconda Cop
Atchlron
A G t Wl S S
Baldwin Loco. 13.H00
Halt & Ohio. . Ti.huo
Beth Steel B.
B & S Cop ...
Calif Petrol ..
Canadian Pa a.
Cent Leather.
Ches & Ohio..
Chi M ft St P.
Chi & N W . .
Chi K I & Pao
chlno Copper.
Col Fu A: Iron
Corn Products 17.500
Crucible Steel. 6.800
Cuba Cane Sug
V S Fd Prods.
Erie
Gen Electric.
Gen Motors ..
Gt No pfd
Ot No Ore ctfs
llllnolj Central
Insplr Copper.
Int M M pfd..
Inter Nickel..
Inter Paper ..
K C Southern.
Kenntcott Cop
Louis & Nash.
Mexican Petrol
Miami Copper.
. Mldvale Steel.
MliHouri Pac.
Molilalia Pow.
Nevada Cop . .
X Y Central . .
N Y X H & H
Norf West..
Northern Pac.
Pan -Am- Petrol
Pennsylvania. .
Pitli y Va.
Pittsburg Coal
Ray I'Oii Cop.
Heading .400
Rep lr & Steel 20.100
Sin Oil & Kfg. Iti.SuO
Southern Pac. 17.H00
Southern Ry.. S.oOO
StiKlebaker Co 12.000
Texas Co 2.400
Tobao Prods.. 5.11U0
Union Pacific. S.dou
Until Ktl Strs. S2.DO0
V S Ind Alco.. 2,200
V S Steel 31.D00
do pfd boo
Utah Copper.. 2.400
Western Union 20O
Westing Elec. 1,200
"Wlllvs-Overlnd 5,00
National Lead 100
Royal Dutch.. 7.40O
Ohio Cits Gas. 2.100
6,800
5,500
l.noo
a.ooo
800
2O0
2.7O0
3.900
l.OOO
2. loo
400
a.ioo
5.900
4,o0
300
8.700
6,000
200
400
1.200
400
8.700
4.000
2O0
4.100
100
6,5"0
200
5.00O
2.0OO
h(IO
600
5.H00
2,000
200
4.7O0
5.OO0
11,0(10
l.OOO
200
l,5(IO
High.
t5
54 vi
13U
111M4
04 Vl
66
13814
U7
' 90
17
58 Vi
85 4
1724
100 5,
32
93 hi
27
4414
13714
4?j
56
' 37
89 i
36
40
87
210
53
80 Vi
134
16?
"?! li
3S74
90 li
51
105
23
73
15 V4
29
110
190 54
22
4 It 14
25 Ki
5614
1.-.V4
Hi
MK
90 Vs
81
10711
. 41 14
27 4
64 4
20
77
10614
4li
103
107'i
200
91
12414
93
105
104
114
73 'i
8S
5314
301
81
101
50 Vi
Low.
94
534
13714
11814
94
6514
136
9414
9914
17
5714
84 ,
mis
103
31
9214
24 14
431m
13314
93
5614
3614
8814
25
35 14
39 Vs
8614
206
51 14
78 M
13 '4
104
325 14
78
38 "4
90 4
50 K
105
2214
71 K
154
28
110
196 'A
22
494
25
56
15
69
2814
99
8014
105
40
27
64
2014
7614
104
45
10214
10614
2S5
8914
123 14
8S14
1(14
103
114
73
88
53
29
81
99
49
Sale.
95
54 14
13814
11914
94
66
13814
96
99
17
58
' 85
172
106
32
9314
27
43
136
94
5614
36
89 14
25
3614
40
8714
209 V4
. 52
79
13
166
333
78
38
901.
50
103
22
72
1514
28
no
199
22
49
25
5614
15
69
28
. 99
SO
106
40
27
64
20
77
105
46
103
10714
289
90
124
93
104
103
114
7314
88
5314
30
81
100
50
Omaha Livestock Market.
OMAHA, Dec. 10. (United States bureau
of markets.) Hogs Receipts, 8000, mar
ket steady to 15c higher. Top, $13.25; bulk.
tl2.90fe 13.15; heavy, $12.908 13.15; me
dium weight, $1313.25; light weight.
$12.90(&) 13.25; heavy packing sows, smooth,
$12.65 a 12.90; packing sows, rough, $12.25
612.65: pigs. 10.7612.75.
Cattle Receipts, 8500. generally steady.
Beef steers, medium and heavy weight,
choice and prime. $16.25 18.50; medium
and good. S11&16.25; common, $911;
light weight, good and choice, $15,509
18.50; common and medium, $8.50 15.50;
butcher cattle, heifers, $6.50 12.75; cows,
$6.25rl2; canners and cutters. $56.25;
veal calves, light and handy weignt, uv
14.25; feeder steers, $7(813; stocker steers,
$6.5011
Sheep Receipts 9000. Iambs 40c higher.
Others mostly 25c higher. Lambs, 84
pounds down. $15.25 18.25; culls and
common, $U.50&15; yearling wethers. $12
413.75; ewes, medium and choice. $8.25
69.75; culls and common, $4.758.25.
Seattle Livestock Market.
SEATTLE, Dec. 10. Hogs Receipts,
108; market steady. Prime. $15.5016:
medium to choice, $14.508H5.50; rough
heavies, $13.5014; pigs. $12.50(&14.
Cattle Receipts. 10; market firm. Best
steers, $1011; medium to choice. $8,604
9.50; common to good, $68; best cows
and heifers,. $8&9; common to good, $5.50
Itt 7.50; bulls, $5fi 7; calves. $7 15.
CORN OFFERINGS LIGHT
COLD WEATHER STIMULATES
BUYING AT CHICAGO.
Small Receipts and Upturn in Hog
Values Tends to Strengthen
Market Oats Higher.
CHICAGO, Dec. 10. Severe cold weath
er assisted today to strengthen the corn
market. Prices, although unsettled at the
close, were up 14 to 1C net. Oats gained
to c. Provisions finished unchanged
to 20c higher.
Smatlness of today's receipts of corn
tended to stimulate buyers and so did
a 'material upturn in hog values. After
mid-day demand for corn slackened and
speculative selling led to a reaction. Com
mission house support rallied prices be
fore the finish.
Oats duplicated the firmness of corn.
Country offerings were light.
Provisions were higher, with hogs and
grain. Winter slaughtering of hogs showed
a decided falling off compared with a
year ago.
Leading futures ranged as follows:
Open.
Decern ber.$l .42 14
January . 1.37 '4
May .... 1.34
Low.
December.
May ....
.78
.80
35.70
34.00
$1.42
1.37
1.34
78
.80
35.30
S3.U0
U S ref 2s reg.'ioo
do coupon ..100
V H cv 3s reg.."8
do coupon ..88
V S 4s reg....105
do coupon ..10ft
A T T CV 6s. 99
Atch gen 4a 78
D & R G ref 5s 48
NYC deb 6s. 89
X P 4s ..i 76
N P 3s 54
Pao T & T 5s. .. 87
Pa con 4s 91
S P ov lis. . . . . .104
So Ry 5s 85
U P 4s 84
U 8 Steel 5s... 97
Anglo-Fr 5.... 95
Bid.
Mining Stocks at Boston.
BOSTON. Deo. 10. Cloning quotations:
Norm Butte ... 15
Old Dom 33
Osceola 49
iQulncy . 68
superior ....... 5
Sup & Boston.. 4
Shannon ....... 10
Utah Con ...... &
Winona 1
Wolverine 20
Alloues 64 I
Aria Com 12
Calu & Ariz ... 61
Calu & Hecla..380
Centennial .... 14
East Butte ... 44
Franklin 814
Isle Keyalle ... SI
Lake Copper... 3
Mohawk ...... 58
Money Exchange, Etc
NEW TORK, Dec 10. Mercantile paper
unchanged.
Sterling, demand, $3.78; cables. $3.78,
francs, demald, 11.62: cables, 11.60; guild
ers, demand 38; cables, 8814; lires, de
mand, 13.37; cables, 13.35; marks, demand,
1.96: cables. 1.9a.
Time loans strong, unchanged.
" War sliver. $1.30.
' Mexican dohara, $1.00.
LONDON. Dec. 10. Bar silver, 75 lid.
Xloney and discount unchanged.
OFF DAY IN HOG TRADE
PRICES DROP 50 TO 75 CEN'TS
AT LOCAL YARDS.
Little Is Doing In Other Lines.
Business Is Checked by
Snow Storms.
The hog market had a bad .day ot it at
the stockyards yesterday. Ttie run was
light, but the snow storm delayed buyers
aim this gavo the market a poor start,
from which it barely recovered. At the
opening the ruling quotation on top-grade
nogs was ait), or 10 cents under Tuesday's
price. Later in the day the buyers went as
high as $15.25 for a few small bunches.
There was but little doing in other lines.
Kuceipts were 11 cattle, 385 hogs and
475 sheep.
Tho day's sales were as follows:
. Wt. Price ! wt. Price.
11 cows.. 984$ 7.501 2 hogs. . 220 (15.00
a nogs.. 10. o, noKs. .
0 lions.. 390 13.001 5 hogs..
7 1uKS.. 175 15.00! 5 hogs. .
3 licss. . 242 13.001 ShOKS..
7 Iiuks. . 152 15.001 6hiKy..
:tlliK3.. 136 13.00 2 hOKB. .
Olio.-.. 215 15.0O.' IIjok...
-S lloKt.. . 236 15.O0' 5 hoqs. .
8 hogs. . 200 l.VOO'21 hons. .
1 lions.. 202 15.00 42 hogs. .
22 1iuk.s.. 173 15.001 6 hogs..
(hogs.. 181 1.1.001 Ohog..
.!li..gs.. 346 15.0O1 I hoc...
11 hugs.. 139 15.001 4 hoBs. .
:: hogs. . 2d6 15 00:2s hogs. .
(1UK.. l.f.uu!
Livestock prices at
fol:ow;
t'attle
Hxt steers .,
K((1 to choice steers .
Me, Hum to good steers ......
Kalr to good steers
'Ntnimon to fair steers
..'bolce oows and heifers
lui'd to choice cows, heifers..
Modium to good cows, heifers.
Kair to medium cows, heifers,
aimers
High.
CORN.
$1.44
1.38
1.35
OATS.
.79
.81
MESS PORK.
January .35.50
May
LARD. .
January ...22.80 22.97 22.80
May 23.05 23.15 23.00
SHORT. RIBS.
January 18.65 18.30
May 18.90 18.95 18.70
Cash prices were:
Corn No. 2 mixed, old, $1.51; No. 2 yel
low, old, $1.58(011.59.
Oats No. 2 whits, S36S4c: No. S white.
80 a 83c.
Rye No. 2. $1.63S1.64.
Barley Jl.50ad.67.
Timothy seed S. 30 11.50.
Clover seed $30(48.
Close.
$1.4314
1.37
1-34
.78
.81
35.50 .
84.00.
22.85
23.15
18.43
18.85
1S5
174
15.O0
13.00
240 15.00
215 13 00
2r,o 15.00
220 14.00
400 14.00
138 14.00
175 15.25
212 15.25
221 1.1.25
200 13.25
loo 13.2.1
HO 14.00
175 15.25
Grain at San, Francisco.
SAN FRANCISCO, Dec 10. Flour, 8-8s.
$12.10.
Grain Wheat. 13.20; eats, red feed, $S
63.10: barley, feed, $3.428.47; corn.
California white. $3.60 3.65.
Hay Wheat or wheat and eats, $21
5: tame oats, 2326; barley. $19(o23:
alfalfa. $2126; barley straw, 60 30c bala
'lax. $u.ooo.t.
Minneapolis Grain Market.
MINNEAPOLIS, Dec 10. Barley, $1.28
1.50.
SAN FRANCISCO PRODICE MARKETS
Prices Current on Vegetables. Fresh Fruits,
Etc, at Bay City.
SAN FRANCISCO. Dec 10. Butter, 68c.
Eggs Fresh, extras, 80c; extra pul
lets, 73c
Cheese Firsts, 30c; -Young Americas,
89c
Vegetables Eggplant, . southern, 9 11c
pound; peppers, beil, S13c pound; chill.
edfioo pound: squash, Hubbard, si. 234s
1.50 sack; summer, $1,5042 Los Angeles
lug; pumpkin, $1)1.25 sack; tomatoes.
60c 1.25 lug; potatoes, rivers, white. $8
6-3-25; sweet, 44c pound: onions, yel
low and white. $4.25 4.50 cental; Austra
lian brown, 4.7o(a.5; cucumbers, $1.5049
1.75 small box; garlic 224r24o pousM:
beans, string, 10 17 14c pound; llmas, 16
$15c pound; celery, $67; turnips, $1.75
2 sack; artichokes. No. 1. 1.101.25
dozen; cauliflower, si.25wl.50 dasen; let
tuce, 50g55o dozen; peas, 10 ($17 pound
sprouts, 9c pound.
Fruit Oranges, $44.75 box; lemons, $4
5.50; grapefruit, $2.50(a4: bananas, 8ti
9c pound; pineapples, $44j)6 dozen; pears,
cooking. $11.50 lug: apples. Spltz
enberg. $2.50p3.25; Newtown pippins, $1.75
CP-.-A; quinces, .cn-il; melons, nominal
huckleberries, 16 20c; grapes, nominal
pomegranates, $24t2.25 half box: Derslm
moil, $1.6002 box; cranberries, $4.2505
box. .
Receipts Flour. 5200 quarters; barley
2030 centals; beans, 600 sacks; potatoes.
US3U eacas; nay, Jil toiu; hides, 33; on
ions, 312 tons; wine, 600 gallons.
Coffee Futures Higher.
NEW YORK, Dec. 10. The market for
coffee futures v.as higher-today on reports
of a firmer tone In Brazil. The opening
was unchanged to 13 points higher and ac
tive months sold 35 to 57 points above
yesterday a closing figures with Marca
touching 15.25 and July 15.45. The close
was a shade off but showed a net advance
ot 15 to 35 points. December. 14.69; Jan
uary. 14.90; March. 15.19; May, 13.30; July
15.4.1: September. 15.20. The business in
eluded exchange of March tor May at
10 points.
Spot coffee quiet: Rio 7s 15 15; San
tos. 4s 25 26,.
Seattle Feed and Hay.
SEATTLE. Dec. 10. Feed, city deliv
cry Millrun. $44 per ton; scratch feed.
$SO; teed wheal. $83: all grain chop, $75;
outs, $66: sprouting oats. $68; rolled oats.
$08; whole corn. 14: cracked corn, $76
rolled barley, $74; clipped barley, $7u
Hay Eastern vl'ashlngton .timothy
mixed, i3baJi; aouoie compressed, $40;
alfalfa, $32;slraw, $1617; Puget sound,
31.
the local yards
.$10.7.1C 11.23
. 9.2.1SI 10.25
. S 25 4l 8 75
. 7 00 8.00
. 5.50 (a 6 50
. 8 50-tjt 9.00
7.Ullql 8.50
6.50 7.00
4.00 9 5.50
3.00 jj 4.00
Eastern lairy Produce.
NEW YORK, Dec. 10. Butter easy:
creamery, higher than extras, 7374c;
creamery extras, 73c: firsts, 62 72c.
Kegs steady, unchanged.
Cheese steady, unchanged.
10. Butter lower.
CHICAGO. Dec
creamery. 57M8c.
I Errs lower. Receipts, 837 rases: firsts,
I 774-78c: ortiiniiry firsts, 70fr72u; at mark,
t cases Included. 7041 77c.
, Poultry, alive, unchanged; springs. ' 23c:
Bulls 3.001 7.00 I tow la, 18ltf2jc; turkeys, 32c.
Prime light calves..... 12 5iicli4on
Heavy calves 7.0012.00
Stockers and feeders. 8.OO4 9.25
Hogs
Prime mixed ................ 15.00(6 15.25
Medium mixed. .. 14. .lO IB 00
Rough heavies 13.503 14 00
PK 12 50 3 14. do
Kastern lambs 13.0013 50
Valley lambs 1 1 0(1 ft 13.00
Kceder Iambs. 10.004 11.50
Yearlings 9.50610.00
Wethers 8 00 9..10
Ewes .60 7.M
Chk-sgs Livestock Market.
CHICAGO. Dec 10. Hogs Receipt.
22.0OO. 25c to &OC higher. Bulk, $12.65(
13; tup. $13 05: heavy. $12.50 IS; medium,
S12.7511. 13.05; light. $12.5H3: light light.
M2.25 12.75; heavy packing sows, smooth,
$12 4; 12.50: packing sows, rough, $11,500
U; Plga. 1X0 12.50.
1 'Naval Stores.
SAVANNAH. Ga.. Dec. .10. Turpentine
.Firm; $1.57; fales, 132 barrels; receipts,
' 3211 barrels; shipments. 904 barrels; stock,
; 13.904 barrels.
I Rosin Firm: Sales 801 barrels; re
1 ceipts. 788 barrels; shipments, 3U bar
1 rels: slock, .11,5.19 barrels. (Juote: B
. D. E, 16.30; K, $10.35: G..M6.40: H. $16.45
. 16.5U; 1. 117417.13: K.- J18.10; M.
: 1S.30; .N. $19.17; WG, $20.73; WW. $21.60.
I m
Dried Fruit at New York.
NEW YORK, Dec. 10. Evaporated ap
ples, dull; prunes.. n demand; peaches,
quiet.
.
Kunsas . City XJvestock Market.
KANSAS CITY. Dec 10. Sheep receipts
70ou, market 25c. Lambs. $14,254; 16;
culls and common, $0 414; yearling weta-
510,000 Shares
Montgomery Ward & Co,
Incorporated
(Illinois Corporation)
Common Stock
(Having no Par Value)
Dividends Exempt front Federal Normal Income Tax
Exempt from Personal Property Tax When Held by Residents of Illinois
1.000,000 .shares Common Stock authorized.
Of this amount 150,000 shares are reserved for
employes of the Company; 340.000 shares are
held by new interests in the Company ; and
5 1 0,000 shares are already applied for or ar
to be sold to the public.
Transfer Agents Registrars
Continental and Commercial Trust and Savings Bank First Trust and Savings Bank
Chicago Chicago
Bankers' Trust Company, New York City First National Bank of the City of New York
. Listed on the Chicago Stock Exchange
Application yviUbe made Id list
on Ner Yvrk Stock Exchange
i ' -. )"
BUSINESS. ' Montgomery ,Ward & Company was established in 1872 as the first catalogue
and mail order house in the United. States. It was incorporated in Illinois in 1 889 and
reincorporated in New York in 1913. Because of the passage of the new Illinois Corporation
Law, the company has been reincorporated in Illinois, thus making all of its stock exempt from
personal property taxes when held by residents of Illinois.
SALES TERRITORY. Since the organization, of the company its volume of business and
sales territory have constantly increased until now' orders are received from every state and
outside territory of the United States, as well as foreign: countries, the sales to date for 1919
being approximately $90,000,000. , ; ;;V ;. .' 1 .
' "- - " ., V; :. i ' ""
Salient Features
From the letter of Mr. Robert J. Thome, President of the Company, and the report of Messrs.
Arthur Young & Co., Certified Public Accountants, we summarize as follows:
98 OF THE COMPANY'S ORDERS are accompanied by cash in advance.
; MERCHANDISE IS BOUGHT directly from manufacturers and sold by
mail directly to consumers, largely eliminating all intermediate profits. The
company itself operates factories and is interested in many others.
IN VIEW OF THE FACT that company has been in business
nearly 50 years and that millions of dollars have been
v expended in advertising and distributing catalogues, ana that
hundreds of thousands of customers have dealt with it
continuously, it is clear that the Good Will, catalogues and
lists are of immense value. It is believed that the Good Will
is equal to entire net assets of company, although neither
these nor other intangible values are carried on its books
as assets.
SALES FOR 1918 were over $76,000,000. an increase of over 100 in
the past six years; and the estimated sales for 1919 show an increase of
of almost 150 during that period. .
NET PROFITS have shown an increase from $1,653,481 in 1913 to
$6,390,181. before taxes, in 1918.
....
THE ASSOCIATION with men who, have recently become large holders
of this new stock will greatly benefit the company in broadening its
merchandising field, and the company, continuing under the same manage- .
ment, will be greatly strengthened. --
THE COMPANY has specific plans for large developments, which will
balance its facilities for' new warehouses and distribution covering the entire
, United States in the most economical and eiscient manner.
THIS FINANCING of the company is ample to carry out these projects
and to maintain a generous cash reserve, the balance sheets showing cash
on hand. $29,701,495.16; Liberty Bonds. $1,609,443.25.
The legality of this issue has been approved, by Messrs. Winston Strawn & Shaw of Chicago;
Messrs. White & Case of . New York City, and Mr. ; Henry L. Moses of New York City.
For subscription, subject to allotment, we offer this stock
At $45.00 Per Share
' When, as and if issued and received by'us.
J ohn Burnham & Go. H. P. Goldschmidt & Co,
41 S. La Salle Street, Chicago 37 Wall Street, New York
The statements in this advertisement. Tvhile not guaranteed, are based
upon information and advice Tvhich. we believe to be accurate and reliable.
Exempt from all Domlslus GeTersaest Tstxattaau
$52,000.00
Greater Winnipeg
Water District 5 Gold Bonds
Dated July 1st, 1917.
Drnomlaatioa f l.OOO.
Hue J aly 1st, 19S
These bonds are a direct obligation of the Greater Winnipeg;
ater District, a corporation constituted by Special Act of the
Manitoba Legislature, with powers to construct and operate
a water works system to serve Greater Winnipeg.
Price: 97.06 and Interest to Yield 6.25
LIBERTY and VICTORY BONDS
If you must sell your Liberty or Victory bonds. to as.
IT cu cu bay more Librrty or Victory bonus, buy from n.
On Wednesday. Derember 10. 1919. the opening ."pw York market prices
were as liven below. They are the governing prices for Liberty and Vlctorv
bonds all over the world, and the highest We advertise these prices daily in
order that you may always know the New York market and the exact value of
your Liberty and Victory bonds.
1st 1st 2d 1st 2d Sd th Victorr
, . ? 4s 48 4vs 4v,s 4 He 44s b B
Market ... 88.58 S8C.84 91 70 Sm 18 $92.12 194 04 S92.1A ,89.04 S99.08
Interest ... l.l 1.8 .28 S.0S .31 1.02 .66 3.09 2.65
Totals . S101.29 J9.V90 $81.99 96 24 S92.43 $95.08 $92.82 $101. IS $101.71
VVhen buying we deduct 37 cents on a S0 bond and $2.50 on a S1U00 bond.
We seal at the New York market plus the accrued Interest.
Burslar avnd Fire-proof Safe Deposit Boxe for Rent
Obcb Until 8 P. M. on Saturdays.
MORRIS BROTHERS, Inc.
The Premier Municipal Bond House Capital One Million Dollars.
Morris Bulldlns, 3O0-1 1 Stark Street, Bet. Fifth and Sixth.
TELEPHONE: BKOAliVVAY tlol. Established Over a Quarter Century.
We Own and Offer
$40,000
Out of a New Issue of
American Gas and Electric
Company
One-Year and Two-Year
6 Secured Gold Notes
Company second largest of its type in United States,
supplying electric light and power to 115 communities.
The net earnings for year ending October 31, 1919, were
three times total interest charges.
These notes secured by pledge of $6,667,000 Ohio Power
Company First and Refunding 5s, pledged at 60 of par.
D 99.05 for one-year notes yielding 7
1 riCCo 98 for two-year notes yielding over 7.10
Telephone Broadway 951
umbermerxs
" I-. 1 -r- I A J
Borvds -Truss- Acceptances
Capital a. Surplus sboo.oos
Sar fVarxctsco lW.r-r,. Blda.
Por-l arvd. Oreqorv.
S.sv-H-t
The Wise Investor Seeks Counsel
SELDOM does the experienced investor "take a chance" in
investing his money. Unless he has the facts of the case
he makes inquiry of an individual, or preferably an
institution, that can advise him as to the merits of the
offering.
Clark, Kendall & Co., Inc., make it a business to give information, sug
gestions and advice regarding investments as well as handle the very
best class of securities.
f
CLARK. KEN DAU 6 CO. INC.-
Ill
BONDS
Government Municipal
Corporation
G. E. Miller & Company
Investment Securities
Phone Main 4195 205-6 Northwestern Bank Building
era. U1.50O13.25; ewes, J.T5.95; eulls
and common. 3S09 50; breedins ewes.
iSnl 12; feeder lambs. HI 91.
Metal Market.
NSW TORK. Dec 10. Copper and lren,
unchanged.
Antimony, 8.75c
Lead, firm; spot and January. 9.90a bid,
7c asked.
Zinc, strotrs; East St. Louis delivery,
spot. 8.45c bid; 8.55 asked.
Cotton Market.
NSW TORK, Dec. 10. Spot cotton
Steady; middling, $39.45.
New York Surar Market.
KW YORK. Tc. 1Q.-frugar unchanged.
'Lieutenant Hansen Quits Guard.
SALEM, Or., Dec. 10. (Special)
First Lieutenant Hichard Hansc -.,
battalion adjutant in the Third Infan
try, national ruard of Oregon, has
tendered his resignation to Adjutant
General fitafrln. Mr. Hansen, who is
secretary of Capitol Post No. 9. Amer
ican Lesion of this city, Informed Mr.
Stafrin that he was unable to prive
proper attention to both , organiza
tions. Ray Attebery, present battal
ion supply sergeant, will be appointed
to succeed Mr. Hansen.
. Phone yourVant ads to the Orego
nian. Main 7070. A 6096.
Investors study1
TkeWaflStrKtJiBl
GOVERNMENT. CORPORATION AND MUNICIPAL
BO N D S
TO NET FROM 5 TO 7
PREFERRED STOCKS LOCAL SECURITIES
ROBERTSON & EWING
207-8 NORTHWESTERN BANK BLDG.
6 Net Mortgages 6
TAKE ADVANTAGE OF
ADVANTAGES
Save and buy a high-grade mort
gage at the same time.
Mortgages do not fluctuate in
value like stocks and bonds.
Investigate our
Partial Payment Plan
WESTERN BOND AND MORT
GAGE COMPANY
80 Fourth St. Portland Oregon
MUNICIPAL BONDS
From the States of
OREGON WASHINGTON IDAHO
To Net 4.90 to 6.50
Exempt From Present Income Tax
..evereaux cxiompany
87 Sixth Street ' Broadwaj 1042
Ground Floor Wells-Fargo Buildmg
TWO DOZEN-
Blaacaara ETssiste
FRESH EGGS $1.1 5
Ask Vrar Grostr
Haaelwood Concur, Dlatrlbvtora
Portlaad. Qreg.a
Phone Your Want Ads to
THE OREGONIAN
Main 7070 A 6095