.:;.' V: 'V -- ' "'';:::.- T T;v :::--. V '."
- . ., i ; f- - --.- . -
the. - aioiwraxG ohegoxiax, Tuesday, juxe is, 1920
i
'-1
STOCKS UNDER PRESSURE
SELVI"G CARRIES MARKET TO
LOWER LErIiIi.
Interest of Traders Centers in
Prospective Dividend Announce
ments Liberty Bonds Klrm.
NEW TORK. June 14. The course of
today's stock market was distinctly disappointing-
to those who had hoped that
developments over the week-end would
find expression In higher quotations.
Trading after the steady opening was al
most fateadily downward on professional
pressure.
Nothing In tha day's operations sug
gested even a slight revival of public
interest as a result of the deliberations
of the republican national convention.
Nor did the better weekly reports of the
federal reserve bank and the clearing
house cause any change of sentiment.
Opinion was divided regarding latest
political aspects, but Wall street seemed
vastly more interested in prospective divi
dend announcements.
Money continued firm, as was to be
expected in view of tomorrow's heavy
income tax payments. Call loans opened
at 8 per cent, casing later to 7 per cent.
Gains In western tonnage followed im
provement in freight conditions, but, busi
ness at leading terminals in the west and
t-outhwest continued to wait on relaxa
tion of credits.
Dividend paying rails, especially trans
continentals, extended last week's losses.
Sales were 47.1. nop shares.
Speculative railway bonds, notably con
vertible issues, cased variably, but liberty
bonds and foreign war flotations hold
firm. Total sales (par value) $8,750,000.
Old United States bonds were unchanged
4n call.
CLOSING STOCK QUOTATIONS.
Last
Sales. Hisrh. T.ow. Pai.
Am Boet Sug. Sno Ut' I HI '.
Am fan J. MH 4IH S UU
Am Car & Kdv 4..VH) 14:;t. 1401, 140V
Am 1 C ex dv J. -Jim S X a
Am Loco .... 4..".o KTi n.iH '''
Am Sm Ai Ufg L'.r.MO 1 t0; "vi
Am Sum Tob. l.:i'M Mi . 8S
Am Tel & Tel. '.Hill !4Ti V" I4"i
Am Tob Sec. 4.."i0i .-.(i'i n.1 (4 ''
Am Wool-n .. 0. ." KMi 0S B'.l'i
Am V. L & Sm fi'io 11 14 J4
Anaconda Cop 1. "00 .17 56 ."I'i'i
Atchison 1.:i 7! 78 7"'i
A OS & WISS J.oiik lOfi'i JHlVi 1S1 V
Baldwin Loco. 4.!m 1 1 s i 11
Bait i.Ohlo.. l.'.MM) :il (I'i :it)i
Beth Steel B .. IG.I'M) !."i !0- Ul
- B Si S Copper. :i"0 Vl'i -".!",
Calif Petrol .. .r'0 M'j 'JO
Cauaaian I'ac. I.IKIO llj-i llj'4 1 1-"4
Cent Leather. :') Bv'i T
:Chand -Motors. 2,fii 1 100 104
"hcs & Ohio.. !') 51 ."1
Chi m & st p. m :n :n '4 :n "4
f'bi & N W ... 3.IIOO 70?i t'.li BUS
Chi n l & Pac 7..M10 r.c "5 :ir
Chi cop ex div hod :;0"i ::o :
Col Ku & Iron. L'i0 :14 .'14 S4
Corn Proilucts .1K) 04 l2Ti W-
Crucible SK-el. 24,;100 1.14 140 151 U
Cuba Cane Sug Ji.tuiO :1 H ii 51
r.ne y.Hiio l'J'n 11H 11 H
Cen Klectric. -"0 142V 141 i 141 ,t
..en Motors .. 11,1X10 23 'm -4 H -
tit No pfd.... 4,'JiK B7; 68 BB
Gt No Ore ctta 7'0 35 'j oo1 35'2
Illinois Central l.'J'iO SI 4 M ai Si
Inspir Copper. S00 5-fc 52 1, 52
Int M M pfd.. 6.500 t0 KS ?s SH
Inter Nickel.. 1,000 1S', 17 171.
Inter Paper .. 4.500 761: 74 'a 74 1
K C Southern. Boo 1B 16' IB 'a
Kennecott Cop l.MOO 2S 27 i 27,
I-ouis Nash. 100 !7 97 !
Mexican Petrol 10.500 ISIVi 17R 176';
Miami Copper. 5O0 20 Vi 20',i
Jllld States Oil .mm HO", 2'. 21)'.
Midvale Steel. 500 4.'!', 4i',t 4:1
Missouri i'ac. 4,000 24, 24 24
-Nevada Cop .. 2oo 12V J2'.i 12'3
N V Central.. I.S'H) B7 '4i B7 G.'i
N Y N Jl H 1.500 2D' 28 't 2S',-
Norf & West.. .loo S5'4 S.l'.i S0V4
Northern Pac. O.tiOO BS 'i 67 61 V
Ohio Cits lias 2.SO0 U!' 3S 3fl
Ok Prd & ltfs SO" ; 41, 4Si
' Pan-Am Pet.. IS.'JOO 104 101, 101
Pennsylvania . 4.JOO ?,! Z
Pitts & W Va. 2oO 2-i'j 27 27
Kiv Con Cop. 200 1 ii i 184 lii
Reading i"0 8'Ji
liep lr Steel 11.200 !M OOTs 'ri
Itoval Dutch.. 4.000 llil'.i 11". 11.1 7s
Shell T & T .. :fi 7 74 74
sin Oil & Rfg. :ioo :-,2 sn-i
Southern Pac. 12.700 112 U 90L l!j
Southern lty.. 4.NOO 2:;'i 22'- 22 'i
S O of N .1 pfd 1 7oo 101 104 100i
Studebaker Co 21.000 70 W4 BN
Texas t o 5..10O 4' 47 47
Tex &- Pa. ifie. 3.10O 40 ' ."S'i :!!t
Tobacco Prods soil 70'i lis L S r-i
Transcont CHI. I.OOO 1 4 ; H li 14'.s
Union Pacific. 1,".oo 11; 112'i 112'.
T; S I'd Prods. 11.000 6'i 64
Ij" S Ind Alco.. .1.000 0 S7'i !S
lj" S Retl Strs. l..".oo SI 'i 7S'2 7'.
U S Rubber .. 1.SO0 !o; !t O3!
U s-Steel .... G.l.'-'oo !UVs 02 ! 02 Ts
io pfd soo 10.1 10.1 10.1
Ptah CP ex dv I'.OO B!i, B!i 6'1'i
Western Union 100 Si M 4
Westins I'.le.l 000 50 40'k 40
Wllljs-Ovcrlnd 7.500 20 1S lUri
BONDS.
V S Lib B'-'-s. !!. KOiAnclo-Kr 5s ... OO'i!
rl.. 1st Is ... . SB. 00; A T - T cv Bs. 112
. 662
. 55H
. 800
. 610
. 810
. 8S5
. 8H5
. 830
. HBO
.101)0
840
. R70
. U25
. 840
. 924
. fS0
. 970
. 930
. 800
. 1 030
.1063
. 940
. 912
.1135
. 7.10
. 400
. S71
. 101)0
do 2d
do 1st
do 2d 4
do 3d 4',s.
do 4th 4 's.
Victory 3s .
do 4 -"i s ...
TJ S 2s res. . .
do coupon .
U S 4s res. .
do coupon
Pan 3s rep.
do coupon
Is . SI. so Atch gen 4s ..
4 Us. . . S5. TO l R G con 4s.
. .s..0"jij y ; aeD'fts. .
, .SS.7 I N P 4s
..S5.44.N P Us
..!,1. !), I'ac T & T 5s..
.OB.ooiPa con 4'..s....
100 S P cv as
IOI) 1 So Rv ds
IU P 4 s
U S Steel 5s.
.lot
..101
71
62
ST
70'
51
78
84
04 'i
SO 14
'ill's
83
Bid.
Mining Storks at Boston.
BOSTON. June 14. Closing quotations:
Allouej! 30 iNorth Butlo
Ariz Com lOGOId Dom
Calu : Arls.... 60 losceola
Calu At Hecla..313 lOuincy
12 felsuperior
3S I Sup & Bostoft. .
12 slhannon
aVjIItah Con
20 ! Winona
3 I Wolverine
61 I
17
26
33
l
4
3
1 'i
6
SO
IB
11 cows.
27 cows.
20 cows.
1 cow. .
1 cow. .
7 cows,
4 cows.
10 cows.
1 cow..
1 cow..
2 cows.
4 cows,. .11
1 cow.. . ,10'JO
2 cows. . . 933
1 cow. . . . 710
22 cows. . . 913
10 cows... 831
26 cows. . . 8.15
7 cows.. .1030
1 cow. . . , 730
2 cows.. . 875
1 cow. ... 900
1 cow. . . .1240
3 cows. . . 71)5
2 cows.. .1110
6 cows. . . 920
8 cows. . . 507
1 cow. . .
2 cows. .
19 cows. .
10 cows..
2 cows. .
1 cow. . .
17 cows. .
1 cow.. .
2 cows. .
25 cows. .
28 cows. .
20 cows..
2 cows. .
2 cows. .
23 cows. .
10 cows. .
1 cow. . .
8 cows. . .
oi cows.. . 800
1 cow. ... 1 030
7 cows.. .1001
1 cow. ... 700
24 cows.. . 8:0
3 cows. . . 703
1 steer. ..1000
6 steers. . 990
2 ateera. .' 920
2 steers. .1110
steers. .
13 steers. .
1 steers. .
8 steers. .
4 steers. .
1 steer. . .
3 steers. .
1 steer. . .1200
23 steers. . 1 230
10 steers.. S70
i steers. .
1 steer. . .
2 steers. .
1 0 steers. .
10 steers. .
28 steers..
32 steers. .
26 steers. .1 tMtO
4 steers. . SI 5
2 steers. . 7-l
2 steers. .1005
10 steers.
1.1 steers.
1 1 steers.
1 1 steers.
2 steers.
1 6 steers.
j3 steers.
5 steers.
15 steers.
i. steers. . 9to
B steers..! 18.1
.IS steers.. 1131
27 steers. .10,10
- i steers.
17 mid . .
1 mxd . .
7 mxd . .
1.1 inxd. .
12 mxd. .
5S mxd . .
20 mxd . .
3 mxd . .
27 mxd . .
7 bulls..
12 bulls..
3 bulls. .
1 bull.. .
1 bull. . .
1 bull.. .
1 bull. . .
1 bull.. .
1 bull.. .
1 bull...
1 bull. . .
1 bull.. ,
1 bull.. .
1 bull..
1 bull..
1 bull.
. 9.501
7.0O
7.001
7.00
6.30
6.501
. 6.50
6.5
6 00
5.00!
4.501
8. 00 1
5 hogs. . .
3 hogs. ..
3 hogs. .
9 hogs. . .
7 hogs. . .
3 hogs. . .
4 hogs. . .
1 hog. . . .
4 hogs. . .
8 hogs. . .
4 hogs. . .
55 boss. . .
6.20,32 hogs. . .
6.0O! 1 hog
7.0O! 12 hogs. . .
S.50 12 hogs. . .
8.50 8 hogs. . .
9.50 22 hogs. . .
5.25 15 hogs. . .
8.00! 12 hogs
5.00 33 hogs
7.50
9.00
7.751
4.00j
7.50
7.00
9.0"!
7.001
7.6.1
10.00
7.501
6.00
8.0O
S44
9S0
472
970
532
910
71
801)
93.1
HOI
775
n:0
7!")
. 1102
. 1 1 20
. 1 0!13
. 9 6.1
. 835
. 920
.116.1
. 4.10
800
1)40
6S.1
SltO
613
910
27 hogs. . .
14 hogs. . .
9 hugs. . .
1 hog. . .t.
11 hogs. - .
3 hogs. . .
7 hogs. . .
3 hogs. . .
8 hogs . . .
1 wether.
1 wether.
12 wethers
210 lambs.
4.0o'll7 lambs.
7.50 33 iam os, .
9.501 15 lambs..
9.001 92 lambs. .
9.00j 40 lambs..
S.50! 24 .lambs..
6 2.1) 7 lambs..
6.751 7 lambs..
6.2.1' 6 lambs..
8.00136 Iambs..
S.50 6 lambs..
7 7,1 6 lambs..
8.25:19 year!. ..
r. on 4 vearl. . .
i yeari. . .
1 yearl. .
6 yearl.. .
1 yearl. . .
1 2 yearl. . .
18 yearl.. .
1 yearl. . .
32 yearl.. .
!.ooj12 yearl.. .
BOO,1 -".
6.50 0 ewes. . .
7.00 41 ewes. . .
7 7j C ewes. . .
7 '7.-. 1 2 ewes. . .
IS ewes. . .
2 ewes. . .
1 ewe ....
-( ewes. . .
1 buck . . .
2 bucks. .
5 bucks . .
6 bucks. .
4 bucks. .
11 mxd
28 cows. . .
2 cows. . .
1 cow . .
1 cow..
11 cows.
2 cows. . .
1 4 cows. . .
1 cow.
6.501
9.00)
6.501
6.00
9.2.1!
8.001
7.0O
8.
ISO
210
220
175
184
316
172
420
425
212
1B8
223
162
550
190
201
230
241
220
110
IVi
111
137
12-S
190
250
235
150
170
204
100
160
160
69
68
63
67
70
5S
60
63
81
113
SO
69
71
92
80
90
90
7S
130
94
SS
100
7!)
107
70
126
89
113
93
91
150
100
163
. 1.10
. ISO
. 90
.135
. 135
. 113
. 900
. 6S0
.11S0
. BOO
. 1 1 20
790
897
900
. 97.1
.1006
. 940
. 1 .'So
.11.10
.1316
. 7iO
. 5.10
. 1 BIO
.1430
.-1010
. 990
. 760
. .HO
.1520
. oso
.1310
.1470
. 1 S.10
10.0O
11.7.1
8.50
6.00
S.00
7.IIO
8..I0
8. .10
10.50
9.50
11.50
7.00
7.0O
10. OQ
11. 2.1 1
10.501
10.501
s on 1 cow. . . .1040
10.00 .?'
11 00 -o steers. .1 IS.
7 24 steers. .1030
10 ii 12 steers.. 10.14
10O !-'" steers.. J031
in -n -' steers. .1032
1 1 steers. .1095
n 110 " .1 1 1.
.1.001
6.00 "
6.50!
6. .10:
7.0o;
8.001
? 9"! 97 mid .
"'9 9 mxd.
25 steers. .10X
b steers. .10.12
25 steers. .1074
2 I steers. .1220
16 calves.. 197
4 calves. .
2 calves. .
R..IOI
8 mxd . . .
7 nr.!4" h-.
'00 9 hogs..
l 6 hogs...
6 19 hogs..
0 9 hogs..
i -jo 07 hogs..
.;0, 7 hogs. .
!.-; 95 hogs. .
5-2 1 hogs.,
i -on! j hog. ..
'"OF 2ho..
nogs. .
hogs. .
S.oo1
7.51)
8.00
1 bull...! 13io
J bun. . , t i::o
2 bulls. . 3 -i
1 bull it'o'o
1 bull l(?lin
4 hoes. . . iso
53 hoKs. . . 201
22 hogs J . .. 1 TO
54 hogs-. , . l.ss
6 hogs. . . 2.S0
J ne origin
local
follows:
'01 v,.,
s on" 7 h " "
370
170
93
.140
690
62.1
1 6.1
135
160
165
190
ssi
137
370
210
123
182
190
'"0J 1 1 hog;
00: a hogs. . ,
oiv i ho(r
7. on- 1 i,og. . .
9. on' 134 weths
14.00 133 weths
le.ooj 1 bun. . .
14.7.1j 2.1 mxd . . .
1i.7.1. 13 lambs.
13. 7.1 'L'2 lurnK t-
140
120
170
IO.1
106
1.170
493
15.75
15.75
14.50
15.75
1 5.75
13.75
10.OO
14. OO
13.75
15.75
14.50
15.50
33.50
6.00
15.75
15.75
13.75
15.75
15.75
13.50
13.50
13.50
14.50
15.O0
15.7.1
15.50
15.50
15.50
15.50
1 5.75
7.50
6.50
6.50
D.00
8.25
8.. 10
12.O0
12.00
8. GO
12.00
10.25
l'J.00
12.00
U.00
9.00
9.00
7.50
7.50
S.OO
7.50
7.50
7.50
7.75
8.00
8.00
8.00
s.oo
3.00
5.75
0.00
6.00
4.50
1.00
5.50
7.00
0.00
4.50
5.00
6.00
4.50
5.50
7.50
S.OO
4.00
10.50
7.50
0.50
7.. IO
8. .10
8.00
7.50
11.50
11.50
11.50
9.50
11.50
11.50
10.00
11.50
11.50
15.00
11.50
11.50
1 1.50
7.00
9.50
13.0O
6.25
7.25
9.50
0.50
1.1.8.1
13.85
13.75
16.00
1.1. 50
16.00
14.00
16.70
1.1.25
14. no
14.80
13. S3
15.75
16.00
14.00
13.50
14.00
1.1.25
15.75
7.23
7.2.7
8.00
7. (HI
".no
12.O0
month was as
Oregon
lcaho
Washintrton
California
Utah
Total
Cattle.
3.1.15
l.S.V)
3 1 3
3,817
904
Civs.
1.1)41
302
12
70
1
Hog. Sheei
12l(i2 19,24
2..05 S60
I.H4 2.0.1S
1.462 0,251
1 n 1' . ...
: . " ..M-.-.oir i.s-n 1777a QQIli
yards wlerCea'low..the Pr"an'1
Cattle -
Grain anrt nnin. ... LPr'ce
Choice grass steers...
Good to choice steers.
Medium to good steers.
Common to fair steers
Choice cows and heifers
VlS? fnoiLS -. heifers:
vZt IT ood cows- heifer
?a.',netrY"ed,Um """' hoifer
Bulls Y.
Prime light calves'
Medium 10 lisht caHcs"
Heavy calves ....
Hogs
Prime mixed . . .
Medium mixed
Smooth heavv
Rough he-ivy" .
Pii-3
Shep "-....
I.amhs ....
Cull lambs ...".'.'I
Yearlings ...
Wethers "
Kwcs
Leading futures ranged Vs foil
11.7512.
ll.OOr.i 11 50
10.50(11.00
9.500: 10.50
7.75. 8.50
9. "" 10. 00
S. 7.131 9.73
7.75S? 8.73
75 7.73
5. no 00
.itm 8 .in
no 13 .-.n
S. nn.fr 11 on
.00 s. .10
ll.inwin.oo
i.l.ooa 1.1.50
11. on i:; -,o
in.no t, 11.50
1 l.oo 13.50
1;
11. .in .3:12. 00
s no jn.no
7.00 -3) s.oo
.00l)
oo
'.vs:
7.50
7.0o
Centennial
Cop Hang .
Kast Butte .,
Kranklin . . . ,
Isle Royalle .
Lake Copper.
Mohawk
Money, exchange. Etc.
NEW YORK, June 14. Mercantile paper,
7-?i Per cent.
Kxchange, eay. Sterling, 60-day bills,
$3.89; commercial, 60-day bills on banks,
$3.89; co-nmorci il, 60-day bills, $3.88171;
demand, $3.93Vi: cables. $3.04 Vi: francs,
demand 7.61, cablca ' 7.63 ; Belgian francs,
demand 7.98, cables 8.00; guilders, denuand
3.1.75: cables, 35.77: lire, demand, 5.50; ca
bles 5.52: marks, demand 2.49, cables 2.50.
New York exchange on Montreal, 13' per
cent discount.
Government bonda, steady: railroad
bonds, easy.
Time loan?. Btrong; 60 days, 90 days and
six months. 8V3 per cent.
Call money, stron; high, 8 per cent;
low. 7 per cent; ruling rate. 8 per cent;
closing bid, 7 per cent, offered at S per
cent: laat loin. 7 per cent.
Bank acceptances, 6 per cent.
Bar silver, S3-.
Mexican dollars, 62 xc.
LONDON, June 14. Bar silver. 44i;d
per ounce. Money, 4 M: per cent. Discount
rales, short bills. 6 7-163 6'r. per cent,
three months' bills, 6&6 11-16 per cent.
Swift & Co. Stocks.
Closing prices of Swift & Co stocks at
Chicago were reported by Overbeck &
Ceoke company of Icrlland as follows:
Swift & Co 10R
. l.ibhy. McNeil Llbby 13i
National Leather 11
HOES FIRM AND HIGHER
CHICAGO. June 14 CattU r- .
1 ,ii,wi h At ,j . iT cattle Receipts,
i ,mhj nau beef sueer ,
avVtKS'
steady; stockers and feeders. 25c lowtr
hher0"-' '''5:23b;Un;iKsr Tol
lambs,
choice
ew.a s or.ao r. "'"fc, ll.o0, choice
ewes. $8,253)8.50.
Omaha Livestock Market
-,o?Mr,Ac?rtA.- JUne 14 Hogs Receipt. II-
practical top. $U.9: pece ff'ToaS'8,?-1
bulk. $14B114.50. C IOad'
Cattle 1 ... i ... :. . ... r
and butci;, :""."caa :."f teers
lower; best hcIXy Vtee7."' 1 STo ve'a ?
and feeders eay nisner'
Sheep
Kansas City IJvestocIc Market
steady to 25e lower
i - i
,, . " ' " "VOV IICU V.
and bulls! steady
bo k Z,:r"ay .aoc lower
i- , y T'."cio.o; extreme
$14.50; feeders, steady.
o.ieep Keceipts. 4000 heoH
.Tun 1A
beef steers and fat s'h. .,.2
t.n iraM . , ' tto ui i more:
grade, weak to 25c lower; bulk. gooS "nl
ii1?.i.Cef?r,n,?.,amb8' 118.25; top nl-
. , . r.Ano yenn nni. in
top.
better
TOP
GltAIlKS ADVANCE 1TFTY
CENTS AT YARDS.
Catlle Are Weak and Sheep and
Lambs Are Steady Large
Kurt Over Sunday.
The .lockyards had a big run over Sun
day with a total of 128 cars unloaded.
The market was very active throughout
-the day. Hogs were the firm feature of
i..:lhe trading and advanced 50 cents to the
new top of $16 The cattle market ap?
peared weak throughout, but sheep and
lambs were steady.
Receipts were 2646 cattle, 200 calves,
1939 hogs and 15U7 sheep.
The day's sales were as follows
Seattle Livestock Market.
SEATTLE. . Wash.. June 14. HogsRe
s?'!5i?f,5J).:..marke,t,' 5075c higher Fr7me
, ...cuniTn to Choice. $1415-
ro!,e"' rZl-2'- P'B". $12 is!
.7 . maraet higher.
r. " na P'P-ied beef steers. 11.7:,i,
i.-.oo, Dest grass-fed steers. $11.50iji 11 75
'"7, common to
m25. Mr'JT, "a
cuu, eo.outso.oo; bulls
calves, $7.5014.
$68
Wt. Prce. Wt. Price.
Isalf. ... 156 $I3.ooi17 hogs. . . 22 15.7.1!
Icalf.... 240 13.0O' 7 hogs... 270 13.751
5 calves.. 3.18 7.50 2() hogs. . . 320 $14.2.1
6calves:. 150 12.5o 8S hogs. . . 12 lo.oo
J-! 1 calf. . . .' 1 0 13.0OI 8 hogs... 173 14. 0O
Icalf 14 13.0O! 12 hogs. . . Ill 1.1.7.1
SHcalves.. 176 ll.O'M 9 hogs... 223 15.75
Icalf.;.. 100 5.001 5 hogs LIS 1.1.7.7
,4 calves.. 412 6.251 3 hogs... 296 14.7.1
II calves.. 178 12.01)1 2 hogs. . . 1S5 1.7.71
cows... 95.1 7.001 7 hogs. . 206 1.7.7.7
-ow.... 860 5.0OJ Snogs... 194 II. 7.7
iws... 813 5.001 Uhous... 190 15.75 i
Kastern Dairy Produce.
NEW TORK. June 14. Butter, firm
creamery higher than extras. 5Uti(hr.7c
creamery extras. 56c; firsts. 6255c
packing stock, current m.k. . . .
K.,eS-rT?ular: storaB'-Packed. extra
.C. ., 1 . ' "r". 44B46V4c; fresh
gathered, extra firsts, 45 47 hie; firsts
4J((I 44C.
Cheese, steady: state, whole-milk flats
""' '"' ana wnite specials 9c
do average run. 28c; state, whole-mill
flats current make, white and colored
special, 25H26c.
. CHICAGO. June 14 Butter. lower
creamery. 42 54c.
e.ggs nigner. Keceipts, 24.163 cases
Firsts. 34f3'JVic; ordinary firsts nr.ttia.'.
at mark, cases included. S66 38; storage
packed, extras. 42 A, 43c; storage-packed
firsts. 41 42e.
Metal Market.
NEW TORK, June 14. Copper dull.
Electrolytic, spot, June and July 19c
Aug.. 19 Vic. '
Iron steady. No. 1 Northern, $49; No. 2
Northern, $48; No. 2 Southern, $4344.
Tin easier. Spot, June and July, 48c
Antimuny 8.25c
.....a BvwAuj. opot and June offered at
8.U0U.
The Goodyear Tire & Rubber Co.
of Akron, Ohio
$20,000,000 Par Value
7 Cumulative Preferred Stock
Par Value $100
twseHV IrH,' TAX EXEMPT
1 BONDS
$10,000,000 Par Value
'Common Stock
Par Value $100
Offered in blocks ( 2 shares Preferred ) (QnA
of three shares 1 share Common J lOr OUU
'
Stock exempt from the General Property Tax under the Laws of Ohio
Dividends exempt from the Normal Federal Income Tax
CAPITALIZATION
' Reflecting capitalization of a portion of the surplus on recent declaration
of stock dividend of 150, but without giving effect to present financing
Aathastssd Outstanding
Seven Per Cent Cumulative Preferred Stock (this issue) . -$100,000,000, $46,844,100
Common Stock 100,000,000 51,890,000
NO BONDS
A letter from Mr. F. A. Seiberling,
President, is summarized as follows:
ASSETS AND BUSINESS: The total net assets of the company from the balance sheet as of April 30,
1920,amounted to more than $115,000,000. The Good Will, Patents, Trade Rights and Trade-names are capi
talized at $1.00) although the Management believe that this is the most valuable asset of the Company. In
addition to having a sound value of $122 back of each share of common stock, purchasers will have also
their pro rata share of the Company's Good Will. Business for the six months to Mayl, 1920, exceeded
that of the preceding Ssoal year for the same period by 59.3. An estimate based on six months
operation indicates net earnings for fiscal year ending Oct. 30, 1920, approximating $30,000,000. Total busi
ness for this year will approximate $225,000,000 as compared with $168,000,000 in the preceding fiscal year.
PREFERRED RESTRICTIONS: The Preferred Stock is safeguarded by restrictions which include pro
visions for the maintenance of assets, for the annual retirement of a portion of the issue and against the
creation of a mortgage or lien on the assets.
RECORD OF COMMON STOCK: Earnings for past twelve years applicable to common stock after payment
of preferred dividends have exceeded an average of 54 per annum on common stock outstanding. Since
1908 cash dividends of 12 have been paid each year on the common stock and in addition stock dividends
have been paid as follows: 1908, 100; 1909, 100; 1911, 100; 1913. 20; 1915, 100; 1920, 150
POSITION OF COMPANY: (1) Producing approximately 20 of total automobile tire .business of
country. (2) Producing largest single volume of pneumatic truck tires, also one of the largest outputs of solid
truck tires, both in extensive demand in industrial and agricultural fields. (3) Producing mechanical goods,
such as power transmission belts, also packing, hose and valves now in rapidly increasing demand in the
fields mentioned. (4) Producing Neolin soles and Wingfoot rubber heels, widely distributed by the shoe trade.
a
We are offering the unsold portion of this stock
in blocks of j 2 shares Preferred ) tQAfl
three shares 1 share Common ) iOl pOvJU
BORTON & BORTON
Investment Securities
Leader Building, CLEVELAND
CYRUS TIERCE & COMPANY San Francisco, Seattle and Los Angeles
Orders may be placed through your own bank or dealer.
The inforamtioa contained in thim advexttaement ia obtained front aoorcea
we believe to be reliable, although wa do not guarantee ita accuracy
NORTHWEST
MUNICIPALS.
One of Many Choice Issues We Own
$26,000
City of Soda Springs, Idaho
7
(sewer)
These are special assessment bonds were bons-ht as snch and
are offered as such.
Dated Aug. 15, 1919. Est. Matnrities, 1921-29.
Denomination $1000. Price 100 to yield 7.
Soda Springs is the county seat of Caribou County and is situated
on the direct transcontinental system of the Oregon Short Line,
70 miles east of Pocatello, in one of the oldest settled valleys in
the state. It is the center of an extensive farming and cattle and
sheep section. It is one of the Northwest's richest and fastest
growing communities.
Your money invested in these bonds win do two things insure
you a maximum return and aid in upbuilding the Northwest.
Principal and semi-annual Interest payable at the National Bank
of Commerce, New Tork.
Telephone or Trltenph Orders at Osr Xistuie,
Portlaadera, Lessea Restaurant Conoreatlon Dorisc Shrine Week by
Carrying Your Own Lnnckton.
Caktm.
Morris Brothers ins
Morris Bid.. SOS -11 stark St., Bet. Fifth and Sixth
Telephone Bratdirv 1151
tsraftufttr
Cinmrf
CORN IS BOUGHT FREELY
K KCtn PTS IX CRli.VfeK LESS
THAN" EXPKCTKD.
Timothy seed S10'S12.
Clover seed
Pork Nominal.
Lard' J20.40.
Klbs 17.00ig 1S.50.
Bullish Enthusiasm Rules Pit
Throughout Session Oats
Strong on Damage Reports.
CHICAGO, June 14. Corn took a swine
upward in value today, largely as a re
sult of persistent buying- based on ths
fact that receipts failed to increase as
uch as had been looked for. The mar
ket closed strong, lT4c to !Hc net higher,
with July $1.74 1.74 Vi and September
l.4V 01.6414. Oats gainti i to le.
In provisions, the outcome ranged from
Vic decline to -&c advance.
Arrivals of corn here proved to be only
about half as heavy as some optimists
had predicted. Except during a brief
setback in prices at the opening, bullish
sentiment ruled the pit throughout the
day with but little opposition.
Strength in oats was derived more er
less from crop damage reports coming
from parts of Illinois, Iowa and Indiana.
An advance in the price of hogs helped
provisions to average higher.
The Chicago msrket letter received yes
terday by the Overbeck & Cooke company
of Portland said:
Corn The market was under pressure
early, influenced by the increase in re
ceipts and an eadier start in tne cash mar
ket. but the action was completely re
versed later when cash corn turned firm
on a broader shtppiug demand and recov
ered the early losses. The season of crop
comDlatnts is approaching and although
conditions to date have been ideal, the
usual fears of deterioration are present
and have a tendency to restrain bearish
enthusiasm. Transportation is still tne
dominating Influence in the market and
will likely continue so until supplanted in
Importance by crop developments. For the
time being the felling side on bulges is the
most logical, although it will be well to
watch for any sustained Improvement In
the shipping demand which might cause
tirhtemr.gr up :n the cash.
Oats Pressure was less pronounced on
the July delivery, which gained strength
when the cash market failed to show the
-weakness of late last week. Buying of
September was stimulated by some scattered-reports
of poor crops which were in
reality of little importance, but neverthe
less, created the fear of detsnorarion.
Provisions Important selling pressure
was lacking and tho market advanced in
sympathy with grain and higher hog
prices. .The early advance, however, was
not fully maintained as the usual offer
ings came out on tho bulges.
COR
High. Low. Close.
1.74'4 11.7014 l.T4fc
1.64 K 1.61V4 l.4,
OATS,
l.n.-. , 1.01 1.02 H
.84 . .S3 .S4 5i
MESS PORK.
:!4.60 34 5. 34.0.-1
3.(K) . 35.70 35.95
LARD.
20.S5 20.72 ' 20. S5
21. SO 21.67 21.J5
SHORT RIBS.
1S.P.5 18.32 J8.32
19.22 19.17 , 19.22
t'ash prices were:
Wheat No. 3 hard." $2.83; No. 1 Kortb
rn spring. $3.
Corn No. 2 mixed, $1.82 1.85Vi '. No.
yellow. l.Sl&1.84'i.
Oats No. 2 white, $1.14$ l.ltJVj ; No. 3
.vellow, 1.121.14.
Rye No. 2, not quoted..
Barley 1.54U,lVs
Minneapolis Grain Market.
MINNEAPOLIS, June 14. Barley, $1.20
1.53.
Flax, No. 1. 3.Ri 3.H1 V.
Duluth I.inseed Market.
DL'LLTH, June 14. Linseed. $3.08.
Grain at San Francisco.
SAN FRANCISCO. June 14. Grain Bar
ley, spot, feed, $33.10 per cental; oats,
nominal; corn, $7576 per ton; rye, nom
inal. Hay Fancy whoit hay, light five-wire
bales, $38041 per ton; No. 1 wheat or
wheat and oat hay, $35038;- do No. 2,
$.'E2$;35; choice tame oat hay. $37fr.'40;
other tame oat hay, $33&37; wild oat hay,
$2326; barley .'lay, $232G; alfalfa hay,
new. $2030; stock hay, $20jf25.
Seattle l-'eed and Hay.
SEATTLE, Wash., June 14. City deliv
ery: Feed, mill, $52 per ton; scratch feed,
$2; feed wheat, $99; all-grain chop, $S0;
oats, $78; sprouting oats. $81; rolled oata,
$S0; whole com, $86 cracked corn, $bb;
rolled barley, 7S: clipped barley, $83.
Hay Eastern Washington timothy mixed,
$47 per ton; double compressed, $51; al
faifa, $46; straw, $18.
Coffee Futures Firmer.
NEW TORK, June 14. The market for
coffee futures made a firmer showing to
day on covering, while there was also
some trade buying, which was supposed to
be against sales of spot coffee over the
week end. July liquidation was less in
evidence and the declines of last week
seemed to have left the general technical
position firmer and this was a factor on
the advance which carried July up to
14.60 and September to 14.45 during the
afternoon. The market opened at an ad
vance of 8 to 15 points and closed 1 1 to
25 points net higher, or within a few
points of the best. July 14.59. Sept. 14.44,
Oct. 14.44. Dee. 14.44, Jan. 14.44, March
and .May 14.45.
Spot coffee unchanged; Rio 7s 1oxi
Santos 4s 23 45124.
Naval stores.
SAVANNAH. Ga., June 14. Turpentine,
firm, $1.60; . Hale. 495 barrels; receipts.
187 barrels: shipments. 223 barrels; stock.
G020 barrels. .
Rosin, firm, sales. 513 barrels: receipts.
490 barrels; shipments, 2552 barrels; stock,
J7.565 barrels. Quote: B, $12.20; D. $16 30:
E. V, G. II . $18.70616 80; I. K, M. N. WG,
WW, $16.80.
Tried Fruit at New York.
pies. difll; Calif oral as. 12 15c; state.
13&184c.
Prunes, firm; Californias, 9 29c; Ore
gons, llH22c; -
New York Sngar Market.
NEW TORK. June 14. Raw sugar
steady. Centrifugal. $20.06: refined,
steady; fine granulated. $22 24 : two re-
finars who had been quoting $28.50 with
drew their prices. .
Cotton Market.
NEW TORK. June 14. Spot cotton
quiet. Middling. 39.50c.
GRINNELL
July.
Sept.
July.
Sept.
Ji;ly..
siept. .
July . .
Sept. .
July. .
Sept...
Open.
$1.71
1.61
1.01 i,,
S3
20. SS
21.70
I
When the
Fire Stum
the Water
Starts
7DULD you like to know
W whether YOUR property
can be made safe from fire at a
profit? Write us for our "Infor
mation Blank." Fill out the an
swers to the questions and send
it back to us. v
Wecan tell you whataGrinnell
Automatic Sprinkler System
would cost, ana you can find out
how much it would save on
insurance premiums.
When it's 60 easy to know,
why keep on guessing?
GRINNELL COMPANY
of The Pacific
1517 L. C. Smith Building
Seartie. Washington
HALL & COMPANY
BUT AND SELL.
Railroad
Public Utility
Industrial
Municipal
BONDS
YIELDING
5 to 7
Foreign Government Loans
Local Securities
Preferred Stpcks
Lewis Bldg., Portland, Or.
on
FACTS SO. 831.
CHEAPER PRODUCTION!
Improved and cheaper
transportation simi
larly affects production.
Alttaou grh the motor
truck is revolutionizing
all former modes of
transportation, it can
not reach the high state
of efficiency hoped for
without universally im
proved highways.
Hence it is necessary
to pave roads with
WARRENITE
BITULITHIC
WARREN BROS. COMPANY
Sale of
1,625,000 Ft.
B. M. Lumber
at
Navy Yard,
Puget Sound
There will be sold by sealed
proposals, to be opened at the of
fice of the Board of tjurveyt Ap-'
praisal and Sale. Navy-yard. Pugret
Sound, Washington, 10 A. M.. 23
June, 1920, the following material:
CEDAR, Port Orford
8-Inch and us wide. 13-foot ts 24
foot Ions;, aa followat .
1 ,000.000 trrt R. M. f lock
. SOO.OOO feet R. M. l4 Inches
StMt.OOO feet R. M. JVc laches
SO,000 feet B. M. 2 Inches
A -I condition. srsHsrd, factory
srrade C" and better 1-Inch atse
approximately 54';i sfBirt ilm t
balance flitch sawn.
FIR, Douglas, Merchantable
8 Inches by X Inches by random
(75 less thnn IS feet).
73,000 B. M.
Kou;h, seasoned nnd in ftrst-claas
condition.
This sale comprises material
held at Pugret Sound Navy - yard,
which Is an excess amount In good
condition. Inspected and accepted
by the navy. Material can be seen
prior to sale at the Navy - yard,
Puget Sound. Washington.
A deposit of 10 per cent of total
amount bid is required.
Further information and cata
logues of sale may be obtained
from the Senior Member. Board of
Survey, Appraisal and Sale, Navy
yard, Washington. JOSEPHUS
DANIELS, Secretary of the Navy.
6-6-20.
American Light
& Traction Co.
Five -Year Six Per Cent Gold Notes
THE notes upon issuance will carry detach
able warrants entitling the holders to
purchase within the periods belowfixed, com
mon stock of the company in the ratio of two
thirds of one share for each $100 face value
of notes at
$142 per share on or before May 1, 1922
$147 per share thereafter to and including May 1.
1924, and $152 per share thereafter and including
May 1, 1925.
The range in quotations for the common stock of
this company during the past ten years has been
from $125 to $450 per share.
This issue of $6,000,000 Five-Year Six Per Cent
Notes constitutes the sole funded debt of the com
pany. The equity is represented by preferred and
common stocks having a market value based on
present quotations in excess of $40,000,000.
The fourteen operating companies have been m
existence from twenty to sixty years and show an
uninterrupted growth.
Circular describing this unusually attractive offering
will be sent on request for OR-036.
Price 94.75 and interest to yield over 7-25
The National City Company
Correspondent Offices in more than 50 Cities.
PORTLAND YEOX BUILDING
Telephone Main 6072
The above statements are based on Information de
rived from official sources or those which we regard
as reliable. We do not guarantee, but believe them
to be correct.
Bank Stocks
and Stocks of
Portland
Corporations
HERRIN & RHODES, INC.
Kntahlished 18tHt.
STOCKS AND BODS,
Railway Exchange Bids.
Membera C'hlraa-o Hoard of Trade.
Seattle I'OKILA.V U 1'acoma.
German Bonds
Many purchasers of German Bonds have realized
100 actual profit. You may do the same.
February they sold at $12. to $15.
April they sold at $29. to $23.
Now selling at $27. to $30.
The bonds we recommend are all paying their interest regularly,
which can be collected at our office.
We are prepared to quote you lowest pricea and attractive terms
for the purchase of all foreign necurities and exchange.
Send for onr apeeial llvt of Foreign Bona Today.
GERMAN MARKS OPTIONS
We sell German mark checks drawn on the DEUTSCHE BANTC,
BERLIN, and sell three ana six-month OPTIONS at prices slightly
in advance of current rates of exchange. Call or wire for quota
tions. FOREIG.V EICHAXfiK DEPARTMENT
H. E. WILLS COMPANY
BXOKEKS
30 to 303 Mehlhorn Building
London
618 Second Avenue
SEATTLE
Resident torreapondenta for
PACIFIC-ATLANTIC TRADING CO.
Paris Vienna Budapest Milan
UNITED
The United Cigar Stores are known to everyone. And It will
not be long before the United Retail Candy Stores are equally as
well known. This candy company is managed and directed by
some of the same people who were instrumental in developing the.
United Cigar Stores.
It is amply financed and manufactures and sells a product
which appeals to everyone. The shares are now selling between
14 and 15.
We have prepared a little booklet bearing the company's slogan,
"Happiness in Kvery Box," which we will gladly aend free of cost
upon request.
The investment and speculative possibilities of United Retail
Candy Stores are tremendous.
I R VI NO K.
FARRINGTOV COMPAXY.
Established 18O0.
30 Broad Street.
"ew York.
( 7
1
r
L
t.'.
Y '- -