Morning Oregonian. (Portland, Or.) 1861-1937, January 13, 1920, Image 21

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Morning Oregonian., January 13, 1920, Page 21, Image 21

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Newspaper Page TextTHE MORNING- OREGONIAX, TUESDAY, JANUARY 18, 1920 STOCKS DGH ON SALES PUBLIC SUPPOIIT IS IiACKIXG IX WALL STREET MARKET, C3 o 0 Declines Are General When Money Rates Tighten Rumor of Losses to OH Properties. OS NEW YORK. Jan. 13. Another deficit In Clearing house reserves. stiifer money ates and continued abstention of public support constituted the chief deterrent fac tor of today's reactionary stock market. Failure of the United States supreme court to act on the stock dividend case and widely circulated but unconfirmed reports that several Important Mexican oil properties had sustained severe damage from earthquake disturbances provided the shorts with materia ta depress prices. In the final hour, call loans rose by succes sive stages from 10 to IS per cent and tlie selling and ceneeQuent declines be came quite general. As uual, there tver a few stocks which, stood out for their comparative strength, especially Koyal lJutch. Kails also resist ed pressure, but trading was light, bales amounted to 3,075,000 shares. The bond markot presented no new fea tures, apart from a moderate accession of activity. Liberty bond and rails cased lightly, but Internationals, as represented y Anglo-French s, were steady to firm. Total sales, par value, were 15,000,000. Old United States bonds were unchanged mu call, ' CLOSING STOCK Sales. Am Pest Bug Am Can 9,200 Am Cr Kdry 4.100 Am H & l pfd 1.200 Am Loco 10.200 Am Km & Rfg l.aOO Am tiuftar Rfg .Am Sum Too. 2.400 Am TAT.... l,f00 Am Z 1, & B. . l.HOO Anaconda Cop 5,600 Atchison 2.100 o iwisa a.:ioo Baldwin I.oi o. 77, 000 Halt & Ohio. 2.HIO Pcth Steel B. lS.UOO X & S Copper. 7.20 Cal I'etro..l.. 1.100 Canadian Pac . Central Leath 7,700 f hes & Ohio. , :l"i0 Chi M & St P. 1.SOO Chi & North. 4(10 ( hi R 1 & Pao ioo Chino Copper. Col i'u & Iron 1.K0O Corn Products 5.700 Crucible Steel 8.0O0 Cuba Cane siug 6.2DO U S Fd Prod. 2.1O0 Erie 1,100 Gen Electric. 'JIlO Gen Motors... 12.000 Gt North pfd. l.soo Gt No Ore ctfs 2.200 Illinois Cen.. loo Insplr Copper 4.000 lilt M M pfd. H.2O0 Inter Nickel.. t...1i0 Inter Paper.. 17.r"0 K C Southern 200 Kennecott Cop 4,400 I.ouis & Nash 200 M ex loan Petrol 21,'."00 Miami Copper 20i Midvalo Steel. 6, WO t 1 issouri Pac. :!0u Montana Pow. 200 Nevada Cop.. 200 N V Central.. I. ".00 N Y N H & H l.oo Nor i West.. 7H0 North Piu'il'lc. 2.IMIO Pan-Am Pitrol 2K.SO0 Pnmisvlvanla J.il'XI Pitts & W Va. 1.700 Pitts Coal. 200 Ray Con Cop. 400 Reading 1.4O0 Rep Ir & Steel B1 ,S00 8in Oil & lite 20.100 Southern Pao. lo.OOO South Ry i.iioo Studebaker Co 3:i.OUO Texas Co U.4O0 Tob Prod n.OOO I'nion Pacific. :t.:;oo Vlilted Ket St. IH.KOO U S Ind Alco. I t.HOO TT S Steel U2.000 tr S Steel pfd. 200 T'tah Copper. Vesting Klec Villys-Over. . Natl Lead . . Ohio Cits Gas Koyal Dutch. QUOTATIONS. I Last High, Low, Sale, ..... 81 56 '4 R4 64 laic 17A laTtt 117?A 115 H5V4 101 94 8tis 60 Ss 5V esv f!38 96S4 Ml 07 90. ) 20 ' 2IH4 20 ' S3', 2'4 63 84,, 83', 84 m,a 14 11 ft 121 1104 US' :2 31 314 osi ." !' 2', 28 . 2SH 42 41 41 131 78 94 95 ri 55 55 :i7 S 86 f-6 SA 86 27 20 27 38 ',4 42 41 41 86 83 83 215 211 211 03 51 51 74 73 73 13 13 13 1X8 lH8ft 108 328 31 S 320 79 78 78 40 39 89 89 81) 89 fiU.'i 56 57 110 109 09 25 24 25 85 80 81 1.1 15 15 31 31 31 111 1 1 1 1 1 1 209 4 195 196 24 'A 24 24 51 50 50 20 25 25 OS 67 67 ltt 16 16 70 69 69 26 2U 26 76 90 9tl So 70 7! llll 93 90 42 42 42 28 27 28 62 62 J 22 21 21 76 75 75 118 113 113 46 44 44 102 100 100 22 21 21 llrt 105 106 21 7 2"3 203 92 90 90 122 121 122 94 92 92 113 108 J09 107 105 J0 115 115 115 77 76 78 5344 53 53 31 30 30 81 9(1 80 4S 47 47 107 105 106 THE STrxTe llOOt. oeoo ' "" iiwn iin i i t.tm ,mm m;mmmm jj,jwyysisaj e "SBa sBsaisssgsJsSBsssssBSB"ssJs DeceBb' E4. 191" " er- - XXXJZ t- rsirK JT I These letters of commendation, coming to us from four separate states and from seventy-seven different banking institutions, represent an expression of appreciation for the kind of service to which we have given ourselves so unre servedly . There are : 42 letters from California 20 letters from Washington 11 letters from Oregon 4 letters from Idaho For over a quarter century we have devoted ourselves to our business, knowing that work well done and service rendered has its rewards in the satisfaction which comes from the doing. . These letters, now on file, are far more than a mere ex pression of appreciation from the senders. They are a con summation of everything for which we have worked and striven they are the crown of leadership. tr a Lib 3s. do 1st 4s 1,300 1.900 13.200 700 fi.200 45,900 BONDS. .99.521 Anslo-Fr 5s ... .92.84A T sc T cv 5s. . ....91,72 Ateh gen 4s .., 06 99 do 2d 4s do 1st 4 s. . .9S.14 D & R O con 4s.65 .do 2d 4's. ..92.24j N Y C deb 6s. . 92 do ;a 4,, S. . .Of. 10 in r ,9 ..... do 4th 4s...92.42!N p Ss Tii-tory 3s ...98.761 Pao T & T 5s do 4s 98.761 Ha con 4s. TJ S 2s reg...100 IS P cv 5s... do coupon ..100 So Ry 6s... TJ S 4s reg. . . .105 U P 4s .105U k Steel 5s ..88j . .tb Bid. 78 . 55 87 .72 .103 . 86,i do coupon Pan 8s reg.. do coupon 84 99? Mining Stocks at Boston. BOSTON. Jan. 12. Cloning quotations: Allouez 33 Ariz com ..... i-t Calu & Ariz. ... 64 Calu & Hecla..395 Centennial Cop Ram?o . . East Butte . . Franklin Isle Royalle . 1ohawk . . . . Korth Butte 1 46 14 3 sr. 69 16 Old Dom 36 Osceola 52 Qulncy 1 iiperior 5 Sup & Boston.. 4 Shannon ....... 1 I'lah Con ...... 8 Winona 1 Wolverine 21 tireene Can .... 37 MORRIS BUILDING, Telephone: Broadway 2151 orprcrFri kit? y J 1 i ' i it ' ii i ii 1 1 1 1 - ' ill' i i ,i'n' rti- isiiii'siiiiir The Premier Municipal Bond House Capital One Million Dollars 309-11 STARK STREET, BETWEEN FIFTH AND SIXTH STREETS Established Over a Quarter Century SIDE LINES ELIMINATED SWIFT TO CONFINE BUSINESS TO MEAT AXI PRODUCE. Money, Kxchungre, Etc. KEW YORK, Jan. 12. Mercantile pa per, tt per cent. Sterling, demand. $3.73 cables, $3.74 Francs, demand, 11.1S; cab lea, 3 1.10; Kiiilders, demand, 37; uables. H. lire, demand. 13.43; cables, 13.40 marks, demand, l.ltO; cables, 1.97. Time loans, strong; CO days, !0 days and mix months, per cent bid. Call money, strong. High 10 per cent low 7 per cent; rulftig rate 7 per cent; closing bid 14 per cent; offered at 1ft per cent; last loan is per cent, yinr silver. $1.37. Mexican dollars, $1.05. LONDON, Jan. 12. Bar ailver, 62 er ounce. Money, Si per cent. Discount rates, short bill. BVi per cent; three months' bills at 5 per cent. 6AX FKAXCISCa PRODUCE MARKET Price Current on Vegetable, Fresh XfYults, Ktc.. at Bay City. SAN FRANCISCO, Jan. 12. Butter, 68c. fciggs Fresh, extras, 71c; extra pullets, 4'i;c; undersized pullets, 5tic; Cali Zornia firsts, til So. Cheese Old-style California flats, fancy. 20 c ; firsts, nominal; Young America, 36c. Poultry California hens, 32 H33c; do., colored, 35 (& 37c ; strictly young roosters, 84 i& 33c; do., old, 22c; fryers, 34&'36c; broilers, 3o(3lc; ducks, 3U32c; Belgian hares, alive, 17lUe; jac-krabbits, $3,006) tf.50 per dozen; squabs, tt0fl70c per pound; pigeons, $2.7"6.50 per dozen, turkeys, dressed. 50 5'J: ; do., live, nominal. Vegetables Eggplant, southern, 10 20c per pound; bell peppers, southern, 15r&20c per pound; chile, southern, 12 $v 15c ; quash, per large lug: cream squash, 75c(g $1.00; do., hubbard. Si. 21.75 per saok; marrowfat squash, 1.25 1.75 per sack; mimmer eauaah, southern. $i.23& 1.75; tomatoes, southern. $1. 252.00 a crate; Mconil quality, $1 .00 1.25; potatoes: street prtf es, rivers, $3.00 (g) 5.25 per cental; do.. sweet, 41a4ffto per pound; onions, yellow and white, $4.25(ij4.oO per cental on street do.; Australian brown, 4.7o(&'5.2tf on street; cucumbers, 93.5003.75 for hot house; do.; languish, l..oU ig: 2.00 per dozen; garlit. 22 24a per pound t beans, preen, 12ie'15o per pound; celery, $3.50 tg tt.OO per crate; artirhokes. dozen. No. 3, l.50; No. 2, 91.25; Mo. 3, 91. PO; turnips, sack, ll.MKa; 1.75; beets. $ 1.73 T 2.00; car rots, $l.2o(u 1.50; cauliflower, $1.25 1.50 per dozen; lettuce, southern, ll.T9ffi2.S5 peas, small, 12 & 15c ; sprouts, 7Q)g per pouna. Fruit Oranges, navels, $4.00 6.00; lemons, $4.O0(05.o0; grapefruit. $2.25 & Charges of Profiteering Are De- nied Wholesale Prices 3Iuch Lower Than. Year Ago. Shareholders of Swift & Co. resent any implication of profiteering, according to President Louis F. Swift, In his address at the annual meeting of the company at Chicago, because the charge, he said, is untrue. Employes of the company were urged to get in debt for the company's securities or something else worth while and when they got out of debt to get in again. An nouncement of the retirement of F. S. Hayward, secretary of the company, was made. An employes1 relations department with John Calder as Its head has been es tablished to cultivate the human -element in the personnel of the packing business. In his address Mr. Swift said: "Your directors have for some time, as evidenced by the segregations that have been made, bad it in mind to confine the business of Swift & Co. to the activities directly related to the slaughter of meat animals and the products therefrom and to the handling of what is called produce, namely, poultry, butter, eggs and cheese. "While we haye felt that we have had a perfect right, both morally and legally, to be engaged in any related lines that we could manufacture and, distribute eco nomically, there seems to have been a cer tain amount of public sentiment against one packing eoncern being engaged in many different lines of business. Our in terest in these businesses has been per fectly legitimate from every point of view, hut we have nevertheless thought it best to dispose of the more remotely-connected en terprises. Swift Co., tnereiore, expressea a willingness to dispose of Its interests in mihiin ntocKvaras. stocKvara terminal rail roads and stockyard newspapers if a legal way can be found, and to discontinue han dling various lines, principally canned goods and a few minor articles wnicn nave been sold In small quantities but which do not aggregate more than. 3 per cent of nur -.total business. "We trust that the puonc win realize that we have made these concessions with a sincere desire to co-operate in allaying the agitation which Is harmful to our busi ness and to the public at large. "Considering the decline in values In consequence of the withdrawal of foreign buyers from the market last fall and the low price of foreign exchange affecting our exports, we have done fairly well, having paid 8 per cent dividends and carried $3,806,721.84 to surplus account. "Our total sales were ever $1,200,000,000. Our profit was equivalent to 1.15 cents on each dollar of sales pf all kinds of prod ucts. "The present wholesale prices of meats are much lower than they were a year ago and are lower in proportion than other food products. 8.75 per box; ban anas, 7 & 8c $3.00 (a 4.50 per $1.00 fr 1.50 per $2.753.5o; do.. tangerines. $2.00 fe 2.50 per pound; pineapples, dosen; pears, cooking. lug; do., winter Nellie. Oregon. $4.00 : a nnlea. Btiode Island oreenlngs, $1.75 (2.00 for 4-tier and si.auini.tKi lor 4Vi-t.er. New town Pippins. $1.75 2.25'; Oregon Spitzen burg, $2.60$it3.25; Baldwin, $2.002.25 Oregon Newtown Pippins, $2.60&8.00; Lady apples, $2.502.75 per box; pome granates, $1.25 1. 50 per peach box; per simmons, nominal ; cranberries, northern, $3.50(4.00 per box; rhubarb, $L752.25 per larg box. Receipts Flour. 7000 quarters; barley, 8000 centals; corn, 000 centala; wheat, 3H00 centals; hay, 847 tons; hides, 000; rice, 10,1 HO sacks; beans, 2020 sacks; po tatoes, 5020 sacks; wine, 34.000 gallons. Naval Stores. SAVANNAH, Ga., Jan. 12. Turpentine, firm, $1.81 ; sales. 323 barrels; receipts, 45 barrels; shipments, 772 barrels; in stock, 13.170 barrels. Rosin, firm; sales, 431 barrels; receipts, 506 barrels; shipments, 771 barrels; In stock, 45.4&1 barrels. Quote: B, $17.25: t, 17.o; K. $17.50'17.5; F. $17.5017.70; G. $ 1 7.65 tf 17.75: 11, $17. 70tf 17.75; I, $18.05; K. $18.75; at. $20.50; N, $20.75; WG, $2i; . - G.E. MILLER BONOS AN ME & COMPANY 3 NVESTMENTS GOVERNMENT MUNICIPAL CORPORATION BONDS TO YIELD FROM 4.90 TO 7.15 INVESTMENT SECURITIES FULL PARTICULARS SENT UPON REQUEST G.E.MILLE,R &. COMPANY BONDS Feed and Hay at Seattle. SEATTLE. Jan. 12. City delivery: Mill feed, 49 per ton; scratch feed, $84; feed wheat, $S8; all-srain chop, $7tt; oats. $6'$? iU; sprouting oats, rolled oats. 172 : whole corr.y $75, cracked corn. $77; rolled barley. $81; clipped barley, $85. Hay Eastern Washington mixed timo thy, $38Co)39 per ton; double compressed, $41'; alfalfa, $33; straw. 17plo; Puget sound, $33. Hops at New York. NEW YORK, Jan. 12. Hops quiet. State; medium to choice, 1019, 754tt5c; 1918, 60 rooc; -acmc coast, luiu. bUtrbSc; 191s. Dried Fruit at New Tork. NEW YORK. Jan. 12.-Evaporated an. pies quiet. Western, 2H424c; state, 21 IS 22c Prunes firm. California, 14 32c; Ore- ffons, 16$jp25c. Peaches steady. Standard. 2ia21Uc: Choice, 2i;&22c; fancy, 24 S 25c. Coffee Futures Fase Oft. iukk, Jan. 1 There -was an advance of 29 ta ST points In the market for coffee futures durlns: today's earlier tramng on covering or re-nuying by pep' pie who bad sold on Saturday's uncon firmed minors of political troubles in Germany. The advance was also en couraged by firmer Brazilian cables and continued light receipts, but after selling at lti.57c for May and 16.70c for July prices eased off under realizing, closing at a net advance of 9 to 20 points. Jan uary, 15.Sc; March, 16.1c; May, 16.3io; Julv, I6,r3c; September, 18.30c; October. 16.23c, and December, 18.10c. Spot coffee, quiet; Rio 7s, 18 c to 17c; Santos 4s, 25 c to 26c. Duluth Linseed Market. nrijTTH. Jan. 12. Linseed. 5.irig5.35. HALL & COMPANY BUY AND SELL. y Railroad ' Public Utility Industrial Municipal BONDS YIELD INQ fo to 7 Foreign Government Loans Local Securities Preferred Stocks Lewis Bldg Portland, Or. Toledo Traction Light and Power Company First Lien 1 Two-Year Gold Bonds An attractive issue -offered at a price to yield over 7 . Complete circular upon request for OR-019 The National City Company Correspondent offices in over fifty cities - ' Portland Yeon Building v .Telephone: Main 6072. Bonds Short Term Notes Preferred Stocks Free: 2 Valuable Books: "Inflation and Prosperity" 58 page) "Th Meaning of Property" (106 pages) With our whole country perplexed by the abnormal commercial conditions which prevail, and an understanding of these .con ditions obscured by so many conflicting theories, these two practical books should be read by every manufacturer, jobber and banker. . The books contain no advertising. They are not dry nor academic. They discuss big, vital, fundamental economic problems with convincing logic and refreshing style. They are books you will want to read and keep handy, for frequent reference. Copies of both will be sent free upon re quest. Write or phone for yours today. AMERICAN CREDIT" INDEMNITY CQ or. NEW YORK E. M. TREAT, mesidcht H. T, MacRill, General Agent t Board of Trade Bldg. Phone Main 1179 Portland. Or. if SOVERNMENT ' MUNICIPAL CORPORATION TELEPHONE. AAIN 415 204 5 6 Northwestern Rank Building 3 I0C0 6 Farm Mortgages 6 Secured by some of the best improved farms in the State of Oregon, netting: the investor 6. We have on hand amounts of $1000 to $10,000. City mortgages in amounts from $500 up, netting 6 to the investor. 4 m (Established 25 years) o ,3 8 319 Ry. Exch. Bldg. Phone: Main 675 I0E30X i in IOC Blyth, Witter & Go. SAN FRANCISCO LOS ANGELES NEW YORK SEATTLE Announces the Opening of an Office 402 Yeon Building PORTLAND, OREGON to deal in GOVERNMENT, CORPORATION and MUNICIPAL BONDS under the management of ' Colin Livingstone. TELEPHONE MAIN 3304 . LIBERTY AND VICTORY BONDS If you must sell your liberty or victory bonds, sell to us. " you can ouy more liberty or victory bonds, buy from us. t . 'i?Jluary 13- 19-- the closln New lork market prices were as riven below. Tliey ure th governing prices tor liberty and victory bonds all over the world, and the highest. We advertise these prices daily In order that you may always know the New Tork market and the exact value of your liberty and victory bonds: 1st lit 2d S4a 4s. 4s Market... $90.r0 S91.7i Interest... .21 .31 .64 1st 4 Us 93.1 .S3 2d Ks. .68 3d . f D4.O0 1.3U 4th nL'44 1.03 Victory 841. 4 Vs. 9S.7S JWS.74 .-a .37 I"ia,-.,W,;TT W31 2 .14 93.4! JK2.88 93 o !3.47 99.01 199.11 wncn buying- we deduct 37c on a o0 bond and -'.no on a JlnilO bond. We sell at the New York market, plus the accrued Interest. Burslar and re-proof Safe Uepoi.it Itoxea for Kent Open until 8 P. M. on Saturdays. MORRIS BROTHERS, Inc. Th Premier Municipal Bond House Capital One Million Hollars. Morrl Building. 309-11 Stark buret. Bet. fifth and Sixth. TELEPHONEi BKOAUWAT 13U KtttauliftheU Over a Uurter Century. Arthur Berridge & Company Certified Public Accountants and Auditors Income Tax Specialists and Advisers 619 Worcester Block Main 8621 DO you know that much of your Income Tax trouble comes from poor Accounting Systems and Records ? Let us prepare your Tax Reports and revise your Bueinesa System. CONSULTATION FREE 6 First Mortgage Serial Bonds Secured by 1st Mortgage on Improved Farm Property in denominations of $100, $500, $ 1000, $2000, $ 5000 Price Par, to net 67o Normal Federal Income Tax Paid by Borrower. For further information call or address Commerce Mortgage Securities Company Ground Floor, Chamber of Commerce Bldg. 91 Third St. MUNICIPAL BONDS From the States of OREGON WASHINGTON IDAHO . To Net 4.90 to 6.50 Exempt From Present Income Tax E L DeverQaux x(5mpany MUNICIPAL BONDS 87 Sixth Street Broadway 1642 Ground Floor Wells-Fargo Building To keep on preaching: "Safe investments" year after ; year, regardless of the tempting: speculations frequently appearing, requires consistency. We have always been . consistent in our relations with investors. The House Built Square Carstens & Earles, Incorporated - 307 U: S. National Bank Bldg. Phone Bdwy. 4108 j CsIP I 101301 (0X02