Morning Oregonian., February 16, 1921, Page 21, Image 21

TltE 3I0RNIXG OliEGOXIAN, WEDNESDAY, FEBRUARY 16, 1921
21
SHORTS MAKE TSE OP FLAX TO
BEAR MARKET.
Mixture of Galas and Losses at
Close of Session Liberty
Bonds Are Irregular.
NEW TORK. Feb. 15. Stvk trmUi to
day wii largely ovenha lowed by prea-
or aralnat RAdlng Imiie. Common
aharea recorded an extreme decline of
points and tbe first and secord preferred
and Ii polnu respectively. Ternu of
the Readme aeircsatirn aro distinctly
disappointing- to speculative: Int-.Teata.
trailing nr ivd.
There ws a partial readjustment of
prices In the later dealings, when buying
of equipments and steels raused shorts to
rover In rails and oils. Tho net results.
however, revealed a mtxure of rains and
losses. Sales were 635.000 ha rrs.
Tho money market was unruffled, the
only ehanjrv of interest being the greater
firmness of rail loans at 7 per cent. The
et-pply at this future was smsller than
uual. due. it was said, to withdrawals
of reserves by wevtem banks to adjust the
xm-tncial tanelo In .North Dakota.
Kcatltng ceneral 4s were among tho
live fatura of tho bond market, fnsking
a sucMtantial advance, but reacting later.
Liberty bomls and other domestic issues
were irregular, with the prominent for'
eicn flotations. Trial sales, par value.
1 1, iJ.WHJ.
CLOSING STOCK QUOTATIONS.
A n Feet Sue l.o
American Can l.H
ATI Oar A Frfy WW
Am Hal. Kfd I.Uml
Am Inter Corp 7. I'M
Amrrlun Louo f. loo
Am SrtM A K'ff 2.!"
Amoriran Sug 1.6i
Am Sub Too 0h
Am Tel A Tei 1.1IM)
A merit an Wool 3.3'M
Am Z I, 3 !
Anaconda Cop
Atchisun .... l'
At :f at W In 10.4'H)
Baldwin I.o.-o -1. )
Haiti Ohio 2 !
3). tn steei B i,:!"
3il & Sup Cop J't
Cal Pelroieum 2.t.f0
Canadian Facif 1.7"0
-ntrl lsatht-r 2.1 '
handier Mlrs lO.SfM
Chen At Ohio 100
Chi Mil St P l.rssi
Chic co a: X W 3"
Chi KIo; Pac I.Oi'l
Chino Copper., l.lon
.o rl a Iron '-'
Corn Products ?.7m
Crucible Sr-el 10.Sh
Cuba Lane Sug 0.3"rt
Krie
Oxnerl Electric 4.0OO
C.enerl Motors 13."'l
Grt North PM ""
lnspira Coppt 3h
Int Mc Ma PM l.S
Interna Nlrkel
Interna I'aper
Kan Cty South
Kerne Copper
Mex Petroleum
Viaml Copp'T
Slid States till
Mldvale Stel
lif..url Pacif
Nevada Copper
New York Cen
N V N !i H
Nor & Western
Northern Paclf
Ok Pd & RfK
Pan-Am Petrol
Penri4v:vania. .
P.'Ita & W Va
Kav Con Cop
rtad!ng
Rep Ir Steel
Royal l S V
1. TK
&
5 4H
25. -too
1H
4. .".
4110
:;o
l.io
40.1
2. M
0O
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(Mill
l).4'
aio
1 !X
s.;x
sin Oil 4 fits li:iiM)
Southern P.icif 5 :
Southern Kwv 1.
s o x J prd ;.
Studehak Corp 1.4IX
Texas company 4.1o
Texas ae Paif l.
Tobaccrt Pdrs W")
Transcoml Oil 1.2iM
1'nion Pacific fion
I' S Food Pi! l.H"
T S Ind Alchl l.noo
V S Rtl Stores tl.'.'tn
V S Ruhber... 9.7"i
17 S Steel... 4.4'M
I" S Steel Pfd
Vtah Copper.. 2"0
"trn 1'nion
W Electro
Willys; - Overld
High.
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I.fii'O S IS
BONDS.
V S I.lh .T;s..$ftl.04lAm T 4 T cr ta Or.1;
no 1ft 4s. S..30 Atchen gen 4s.
do 2d 4s. ..
do 1st 4Ss.
do 2d 4 '.a.
do J.I
4 S s.
do 4th 4S
lctorv 3S
do 4 ...
C S 2s. reg. .
do 2s. coup
do 4s. reg.
do cv 4s. cp.lu:ts i
Panama 3s. reg..7ft!
do 3s. coup. ...7
etl.Ht D & R con 4s.. 3'4
. S7.20 N Y C deb 6s.. H
. 6tl.SH Nor Pac 4s.... 7S
. .MI.I4 do 3s 54 S
. 87 02 Pac TAT 3s..K2S
. P7 22 Penn on 4H..,M
. 97.22 So Pac cv 6s...0S
.19U So Rallwav 5s.. US
.".iHH L'nlon Pacific 4s 81S
li3 V S Steel id... 4!4
Bid.
Mining Storks at Boston.
BOSTON. Feb. 15. Closing quotations:
A'.loaex 22 iNorth Butte ... 12
Ariz Com 8 old Dominion.. 20
Cal & Ariz.... 4!S Osceola 27
L'al Hec!a. . .250 Gulncy 3:1
1'up Rge Con.. 3S Superior 4S
K Butte Cop... S S B Min IS
Franklin 230 Shannon IS
Isle Roy Cop.. 10 S 1 tah Con 4S
lake Copper .. 3S Winona ....... 65
zuuhawk. 4 IWolvenno 12
Money, Silver. Etr.
NEW TORK. Feb 15. Prima mercan
tile paper. 7. per cent.
Time loans Kasier: liO days. 90 days
and six months. 6S7 per cent.
Call money Steady: high, 7 per cent;
low. 7 p. r cent: ruling rate. 7 per cent;
cosing bid. 6 per cent: offered at 7 per
cent; last loan, t per cent.
Bar silver Domestic, lHc; foreign.
60!c. Mexican dollars, 4GHc
LONDON, Feb. 15. Bar silver. 34T4d
per ounce. Money, 5S per cent; discount
rates, short bills, 6S1T7 per cent; IJuret
months, bills, 6 ll-16tfs Per cent.
$24,000,000
Republic of Chile
External Loan
Twenty-Year Sinking Fund 8 Gold Bonds
To Be Dated February 1, 1921. To Mature February 1, 1941.
A sinking fund, more fully described below, will be created sufficient to
retire $1,200,000 principal amount of bonds per annum at not exceeding
11094 and accrued interest on or before February 1, 1931, and at not
exceeding 105 and accrued interest thereafter. If bonds are not pur
chased at these .prices sinking fund moneys will be used annually to
redeem bonds at such prices by lot.
Redeemable as a whole at the option of the Chilean Government, on any interest date on 60
days' notice, at. 1109o and accrued interest on or before February 1, 1931, and at 105
and accrued interest thereafter.
Interest payable February 1 and August 1. Principal, premium and interest payable in
United States Gold Coin of the present standard of weight and fineness, in New York City .
at the office of Guaranty Trust Company of New York, without deduction for any Chilean
taxes, present or future. Coupon bonds, registrable as to principal only, in denominations
of J1000 and $500, not interchangeable. ,
GUARANTY TRUST COMPANY OF NEW. YORK, SINKING FUND TRUSTEE.
In the loan contract under which
these bonds are to be issued, the
Chilean government is to covenant
that if in the future it shall issue any
loan with a lien on any specific "rev
enue or asset, these bonds shall be
secured equally and ratably with such
loan.
The Chilean government is to cov
enant in the loan contract to pay to
the sinking fund trustee, beginning
May 1, 1921, as a sinking fund, equal
quarterly amounts sufficient to re
tire each year $1,200,000 principal
amount of bonds at not exceeding
110 and accrued interest if retired
on or before February 1, 1931, and
not exceeding 1057o and accrued in
terest thereafter. In the event that
bonds are not so purchased in
amounts sufficient to retire them at
the above annual rate the unexpended
balance in the sinking fund on De
cember 15 of each year is to be ap
plied to the redemption of bonds on
the following February 1 at the cur
rent redemption price. The amount of
interest accrued on bonds purchased
or redeemed is to be paid by the
Chilean government otherwise than
out of the sinking fund.
All bonds not previously retired by
the sinking fund are to be paid at
maturity at 105 and accrued interest.
We are receiving subscriptions for the above bonds, subject to allotment and to
the issuance of the bonds as planned, at
99 AND ACCRUED INTEREST
J. P. Morgan & Co.
The National City Company
Harris Trust & Savings Bank
Chicago
Dated February 16th, 1921.
Kuhn, Loeb & Co.
Guaranty Company of New York
The First National Bank
1 of Boston
Foreign Exchange.
Forelen exchange rates at close of bul
a ycteraay. furnisiiea by Northwestern
N.tuonal bank ot Portland. The amount
Quoted la tue equivalent oi tbe foreisn unit
2n Lnited states xuoua:
Autr;a. kronen
Hr.pura, Iraiics
14ul;?.iria. leva '. . . .
I'zecho-Slovakia. kronen
Ieninark. kroner
l:nland. pound sterling.
Kinlanu. finmark
.077S
.Ul:iT
.Ull'J
.1.S71
.vsn
.0740
.0177
.07.VJ
.34..1
.Uo--'4
,:1TJ
.t75
.1 MI6
.ll.il)
.01 ii
.0J!O
.14:12
.0033
.0143
a share paid on the old $100 par common.
The regular quarterly dividend of $1.73
a share on preferred stock al&o was de
clared. NEW TORK, Feb. 15. Directors of the
Federal alining & Smelting company today
declared a quarterly dividend of 1 per
cent, payable March 15. on preferred stock.
Ihe previous rate was l per cent.
Swift Co. storks.
Closing prices for Swift Co. stocks at
Chicago were reported by the Overbeck &
Cooke company ot Portland as follows:
Swift Co 103
Swift International -7 '4
l.lbby. McNeill ft Libby IS
National Leather 8 5
SAJt JKANCISl O PRODUCE MARKET
Price Carrcnt oa Vegetables. Fresh Fruits,
Etc- at Bay City.
SAX FRANCISCO. Cal.. Feb. 15. But
ter Extras. 31 be; prime firsts, 4jc-
Eggs Fresh extras, 37c; extra firsts.
.16 He; firsts. 33c: extra pullets, 32ic; un
dersized pullets, 30c.
Cheese Flats, fancy, 5Vic; Toung
Americas. 834c.
Vegetables Eggplant. sonthern. S9
12Uc: squash, cream, 6075c; potatoes.
rivers. $1 7j-' 2." for No. 1; Salinas. $L S.'i
433: sweets. $o.o0os; onions, Australian
brown. 7Sc&$l; green. $101.50; cucumbers.
hothouse, large. $2.i0i 2 i5 dozen: celery.
$1.5003 crate; garlic, 7 10c; cauliflower.
75Soc doxen; enpbave. lc lb.; bell pep
pers, southern. WJOc; chll. lOtjiUOc:
turnips, 75fS5c: beets. $1.50(2; parsnips,
$1.752; carrots, $1: peas, plsino. lig18c;
piperal. 2l)c; rhubarb, $2.5orrf 2.75 for Los
Angeles; artichokes, 60c43fl--5 per doxen;
spinach. $202.50 crate.
Poultry Hens, 34?37c; strictly young
roosters, 8740c: old roosters. 22-2oc:
fryers, 5055c; broilers. .$rRc: ducks. 30
035c; squabs. 75&R0c: Belgian hares, live,
25&2$c; jackrabblts, $393.25 doxen; tur
keys, dressed. 52 50c fancy; poor quality
luwer. Jve. 4.1 45c: geese. 32&35c
Fruit Navel mnif-s. $24 75: lemons.
$23.50; lemonettes. $1.502; grape fruit,
$2'a3.S0; limes, $101.50; tangerines, $2.56
$'3.75; apples, Newtowns, $1.25; bananas,
8lc; avocadoes, $3$r8 dozen.
Receipts Flour, 80 quarters; wheat, 125
centals; barley, 81139 centals; oats, 607
centals: beans, 648 sacks; corn, 120 cent
als; potatoes, 2827 sacks; onions, 1063
sacks; hay. 80 tons; hides, 300 bundles;
lemons and oranges, 000 boxes.
Coffee Futures Close I-ower.
NEW TORK. Feb. 15. There was a fur
ther recovery In the market for coffee fu
tures at the opening today, but the higher
Brazilian cables had been pretty well dis
counted before the close of the previous
night and the initial advance attracted
considerable realizing. Prices at the open
ing were 3 to 0 points higher and closed
with the general market showing a net
d.-cline of 8 to 12 points. March. 6 4Sc;
May. 6.1i5c: July. 7.3rtc: September, 7.75c;
October, 7 87c; December, 8.10c.
Spot coffee, quiet; Rio 7s, 9Bc;
Santos 4s. 0 10c
Dairy Produce Markets,
NEW TORK. Feb. 15. Butter firmer;
creamery, htfrher than extras. 4647c;
do. extras, 46c; do, firsts, 40H5c.
Eggs weak ; fresh gathered, extra firsts,
37c; do. firsts. 3530c.
Cheese Irregular; unchanged.
CHICAGO. III., FebTis. Butter higher;
creamery extras. 45c; standards, 45c.
Ejrgs lower; receipts. 15.035 cases: firsts,
30 31c; ordinary firsts. 2728c; at
mark, cases included. 2J30c.
SEATTLE, WashT" Feb. 15. Eggs Se
lect local ranch, white shells, 35 38c; do,
mixed colors. 33l35c: pullets, 80c..
Butter City creamery, in cubes, 52c;
do, bricks or prints, 53c; country cream
ery extras, cost to Jobbers in cubes, 4!)c;
storage, 85 40c.
Xaval Ktorea.
SAVANNAH. Ga.. Feb. 15. Turpentine
firm; sales. 170; leceipts, 84; shipments, 1;
stook. 15,125.
Kosin quiet: no sales; receipts, 1A3:
shipments, none; stock, 13.R48. Quote: B,
, x5, F, G. H. K, M. N, WG, WW, 11c
Hops at New York.
NEW TORK, Feb. 15. Hops, easy;
state, 1920, 38042c: Pacific coast, 1U20,
2731c; 11)19, 24il2ac
Dried Fruit at New Tork.
NEW TORK, Feb. 15. Evaporated ap
ples, quiet, prunes, slow, peaches, inac
tive.
Cotton Market.
NEW TORK, Feb. 15. Cotton Spot,
quiet. Middling, 14.20c.
POLICE ROW IS RAGING
i
Mayor of Klamath Falls Invokes
Charter to Protect Chler.
KLAMATH FALLS. Or., Feb. IS.
(Special.) Controversy over the se
lection of a chie.' of police, which
started when the new city adminis
tration too-k office on January 1,
reached a crisis at last night's coun
cil meeting.
Councilmen Vollmer, Bogardus and
McCullom voted for the discharge of
H. S. Wilson, chier of police, whom
they charge with inefficiency. Mayor
Wiley, under a charter provision
which gives the mayor power to make
police appointments for five days
when an emergency exists, declared
that the emergency existed and re
appointed Wilson. He also organized
the police department, which has been
short-handel Bince the first of the
year, by the appointment of two new
patrolmen.
Vollmer, leader of the opposition.
protested vigorously.
Rend The Oregonlan classified ads.
.0P.5S
.0.74
.0181
.U7.VJ
,;14.".5
.0O2S
.0X7U
.0079
.1810
.1134
.Ol, ".6
.02114
.14::6
.22 I
.1670
France, franca
Germany, marks ...
Greece, drachmas ...
Holland, guilders ...
Hurgaxy. kroneu ...
Italy, lire
Jugo-Sl&via. kronen
Norway, kroner .....
Portugal, eaeudos .
Koumaaia. lei
Serbia, dinara
Spain, pesetas .....
Swf'ipn. kroner ....
Switzerland, francs liW6
China-Hongkong, local cur. .4ihnj
Shanghai, taeia .6il0
Japan, yen .41HK
NEW YORK. Feb 15. Exchange firm,
sterling demand. $3.ul ; cables. $3.2.
Franc, demand. l-'SS; cablea. 7.40. Bel
gian francs, demand. 7.71; cables, 7.73.
Guilders, demand. 34. 50: cables. 34.60.
Lire, demand. &69. cables. 8.71. Marks,
domand. I.60: cables. 1.7u Greece, de
mand. 7 40. Argentine demand. 34 87. Bra
zi:ian demand, 15.70. Montreal. 12 per
cent discount.
Foreign Bonds.
Foreign bond quotations, furnished by
the Overbeck 4fc Cooke company ot Portland;
Bid.
Russian 54. 1921 13
do 54s. - 10
do 64a. lull 15
Currency 40
French 5s. 1M1 57 V,
do 4s, 1W17 48
' do 5s. 1U20 69
Italian 5s, 1K18 27tf
British &s. 1H22 387
do s, 1H27 375
do 5s, 1U29 366
do vky 4a 2!2
do ret 4s 268
Belgium rest 5s 66
do prem 5s ............... 72
Herman W. L. 5s 124
Berlin 4s 14 4
Hamburg 4s 15 4
do 44s 154
Leipsig 44s 16
do 5s 16
Uunich 4s 15 Si
do 5s 18
Frankfort 4s 16 4
Jap 4s 63
do 1st 44s 81
do 2d 44s 81
Paris sixes 95
V K 54. 121 '
do 54s. 1022 944
do 54a, 1U2 884
do 54. 1W7 85
Ask.
15
124
IS
46
54
50
704
28 4
400
388
378 '
804
283
68
75
14 4
16
17
17
18
18
174
21
18
63 4
82
82
964
99 4
95
89
864
Dividends Declared.
NEW TORK. Feb. 15. An Initial divi
dend of $1.25 a share on common stock 1
f $25 par value was declared today at a 1
tnestlng of the directors of the Standard I
Oil company of New Jersey. It corre-'
ioaia with the quarterly dividend of $5
Your Opportunity to
Invest Safely
$1,000,000
8 Per Cent Five-Year Gold Notes
Portland Railway, Light and Power Company
Dated March 1, 1921 Due March 1, 1926
TITLE & TRUST COMPANY, PORTLAND, OREGON, TRUSTEE '
These Gold Notes are the direct obligation of this Company and they come ahead of the $10,000,000 of pre
ferred and $15,000,000 of common stock, so that in reality the rights of the owners of these notes take prior
ity over the rights of the actual owners of the Company property.
The actual cost of the Company property over and above the entire debt is more than twenty times the
total amount of this issue of Gold Notes.
ASK YOUR BANKER.
We recommend .these five-year Gold Notes as an unusually attractive local investment to yield 8
per cent, and suggest you consult your banker as to their safety, both as to principal and interest.
STABILITY.
The Company conducts a most essential business. Because of the great variety and number of its
consumers, its operations are not subject to the violent fluctuations frequently experienced by other
lines of industry and business. Electricity and transportation are necessary in good times and bad.
Notes in Denominations of $100, $500 and $1000
POINTS TO REMEMBER
The investment is safe.
The interest rate is unusually high.
It is a local investment that will help the community.
The interest will be paid regularly and promptly every six months.
You may buy the notes for cash or on easy payments.
LIST OF BANKS
Portland, Oregon
U. S. National Bank.
Ladd & Tllton Bank.
Northwestern National Bank.
First National Bank.
Bank of Sellwood.
Citlzens Bank.
Peninsula National Bank.
First National .Bank of Llnnton.
Hibernla Com. and Sav. Bank.
Title & Trust Co.
VVoodhorn, Oregon
tank ot Wood burn.
AND COMPANY OFFICES WHERE SUBSCRIPTIONS MAY BE MADE.
Salem. Oregon
Ladd & Bosh Bank.
Capital National Bank.
Salem Bank of Commerce.
U. S. National Bank.
Vancouver. Wash.
Vancouver National Bank.
Washington Exchange Bank.
U. S. National Bank.
Oregon City, Oregon
Bank of Commerce.
Silverton. Oregon
Coolidge & ilcLaine.
Monitor, Oregon
Monitor State Bank.
Gresham, Oregon
Bank of Gresbam.
Estarsjda, Oregon
clatacada tate Bank.
Mt. Angel, Oregon
Bank of ML Angel.
COMPANT OFFICES.
Portland. Oregon
S.ec-.T-c Build ng Broadway and Alder; O. W. p. Stsllon. First and
Alder; St. Johns, Office. 2o 4 N. Jercwv; Center St Hhop Office. K.
l"th ani Center: Sellwood Car Bsrn Office; Ankeny Car Hum Office.
2S.h and Ankeny; Piedmont Car Bain Office. Kllllngsorta and
Mlchlfa.i: Savler Car Barn office. 2lth and feavler atreeia,
Salem, Oregon 237 North Liberty Street
Vancouver, Washington Tenth and Main Streets.
Jrego.l City. Oregon ttl Main Street.
I Come in and talk the matter over with our securities Department
I or get the facts by clipping and sending in the attached coupon.
SECURITIES DEPARTMENT
Portland Railway, Light and
Power Company
First Floor, Electric Bid?., Portland, Or. Mar. 5100
DIVISION OFFICES
Salem, Or.; Oregon City, Or.; Vancouver, Wasn.
r INQUIRY COUPON "
I : i92i
(Portland Railway. Light and Tower Co.
Please send me further Information about your SCe
Gold Notes.
Name
Street
1 City or Town Phnne
Fire Destroys Home.
ABERDEEN, Wash., Feb. 15. (Spe
cial.) The nome oi air. ana ana. i.
Euhanks. Tecu sen and Kainier
streets, was completely destroyed by
fire shortly after midnight Sunday.
The loss was covered by insurance.
The family had retired for the night.
but was aroused by smoke. An alarm
was. sounded too late to permit the
department to save any part of the
house or its contents.
'Announcement
To Liberty Bond Holders
By their terms and by the terms of the Treasury Department's circulars, United States
Government coupon bonds and notes, and the coupons appertaining thereto, are payable
to bearer and title thereto passes by delivery. Since the Civil War the Treasury ofi
the United States has treated such securities as fully negotiable, and has refused to
recognize caveats and stop orders, or to grant relief to those whose securities were
alleged to have been lost or stolen.
C. F. Childs and Company are recognized as the largest dealers in United States Got.
ernment securities. They pay full current market prices for such securities as they
purchase. They never buy when they have any reason to doubt the title of the seller.
They have never had their title to United States Government coupon securities ques
tioned by the Treasury Department and have never failed and will not fail to protect
the rights of any purchaser from them.
C. F. Childs and Company
.
The Oldest House in America Specializing Exclusively
in Government Bonds
(We operate as dealers and principals, not brokers or agents)
CHICAGO NEW YORK
We own and offer subject to prior sale:
$60,000
COPPER EXPORT ASSN., Inc.
8 Secured Gold Notes
to yield 8 to S.30
These notes are not only secured by copper to approximately
1 1-3 times in value the amount of each note but are guaran
teed by the stockholding companies of the Copper -Export
association. These great companies represent about 75 of
the copper production of the United States.
Denomination $1000
1-year, due Feb. 15, 1922, at
2 " " 1923, "
3 " 1924, "
4 ' - " " 1925, "
100 to yield 8.00
99 " " 8.15
994 " 8.309i
99 " "
8.30
We reserve the right to withdraw this offer and
advasce the price to accord with market conditions.
Freeman, Smith & Camp Co.
round n-ooa
Lumbermen Builoin
fifth and stark
WAV S740
Sale of
NAVY CONDEMNED
STORES
By Sealed Bid, Opening on .
Thursday, February 24, at
2 o'clock.
Including:
METALS SILVERWARE
BLANKETS TABLE LINEN
HARDWARE FURNITURE
BOATS BARBER CHAIRS
BOAT ENGINES, SCREWS, Etc
Catalog of sale and further infor
mation may be obtained, from the
BOARD OF SURVEY. AP
PRAISAL AND SALE
NAVY YARD. PUGET SOUND,
WASHINGTON
or from the Sales Office,
305 Lowman Bldg Seattle, Wash.
BUY IT FROM THE NAVY
ronTum
an raANCiaco
MALAD CITY .saw IDAHO
Real valuation $2,000,000.00
Assessed valuation 1920 1,036,034.00
Debt: General purposes $ 6,000
Sewer 28,000
Malad City, situated within one of the most pros
perous farming areas of the Intermountain Region,
has issued 7 Sewer Bonds of Sewer District No.
1, whose boundaries are practically co-extensive
with the boundaries of the city. .
Available for immediate delivery at ESBBfy
Par to Net 7?
Maturities (Est.) 1922-30
Call for Circular. Phone Broadway 5800
Portland KELLER BROTHERS denver
Investment Securities
UNITED STATES NATIONAL BANK BLDG.
8
BUILDING
codes, tho
beneficial to
the public, are
a source of des
pair to owners
wfio do not re
tain trained ex
perts to solve
the problems
the codes present
Strong 6 HacNaughton
CORBCTT BUILDING
PORTLAND OREGON
Are
Copper Stocks
Pointed Definitely
Higher?
Recent market action and
announcement of plans
for financing a large scale
copper export movement
would seem to indicate
that that is the case.
Certainly the market posi
tion of the coppers can
become little worse with
many dividends passed
and production, for the
most part, cut to less than
half of capacity.
Market possibilities of a
number of the leading
copper stocks in the event
of a renewed demand for
the metal are described in
our Bulletin PG4t.
Copy sent upon request.
No obligation in writing.
&flRLE5n.ClfiRK50Nsii
66 BROADWAY NEW YORK
TELEPHONES : RECTOR 4663-4
BROKERS
Stock Salesmen
Strong; Eaatrrn Fln:.nrll Iimtl
' CnttoB dealing; only In arrarltleg
of re?oColgel merit tinted on
lending; Slock Kxekanxea and
New York Cnrb dmlrea local
firm or repreaentmlve a.t eorre
apondent. State fully record
and bank refereneea. Addreag
"HHOKKH8," car of
Matos Advertising: Co.
Bulletin Cldg.,
Philadelphia, Pa.
CVi
PAYMENTS
Otm m4 month Wv T
or bond, frrwrmwvt
drvMMntia. Writ iur lrti
GlTTTTttTTt & MGOVKPT
M J- I tWiaV4-W faaaaiy
a? 31 PUOAIWAY,
fcfcw YUKK. CI1Y
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