21
THE MORXIXG OREGOXIAN, TUESDAY, JANUARY H, 1022
LUTED CURRENCY
E
The first half of this issue having been offered and oversold several
weeks ago, ' we offer the remaining bonds for immediate delivery.
EUROPE B
DUCED
Bank of England Raises Ratio
of Gold Reserve.
HORIZON NOW CLEARED
London Banker Warns Tliut This Is
No Time for Speculation.
Kecovcry to Be Slow. m
Despite rather alarming statements
tha last few days concerning present
' conditions In Europe a writer for thV
Rational City bank, of Chicago points
out'that the enormously Inflated cur
rency issues in different countries are
being gradually reduced. It is pointed
out that the Bank of England has
raised Its ratio of gold reserve within
the year from 10 per cent to i
per cent. This strengthening of the
reserve ratio has accompanied the 16
per cent contraction in England's
"currency notes" since the maximum
of last December.
The Bank of France has made en
couraging headway also In the same
direction with retirement of note cir
culation since November, 1920, of
2,926,000.000 francs. The federal re
erve system of this country has been
materially strengthened within the
last month by an Important advance
In its reserve ratio and further reduc
tion in outstanding currency to the
lowest figure reported since October,
1918, and some 30 per cent under the
high level touched in the closing days
of 1920.
World Returning to Old Daxla.
These changes afford striking testi
mony to the fact that the world is
addr&sslng itself earnestly to the task
of reducing its inflated currency
lfsues and slowly, but surely Is get
ting back again to the circulation
' basis of normal times.
' It is the idea of British financiers
also that things are on the mend.
I Sir Reginald McKenna. chairman of
the board of the London Joint City
and Midland bank. Ltd., at the con
clusion of his visit to the United
States last month, said:
"Thanks to the bold and public
spirited poHcy of your leading bank
ing institutions the financial horizon
seems cleared. Though it probably
will be some considerable time before
normal conditions are restored I am
inclined to say that the corner is
turned. I would like to add, however,
that it is no time for speculation.
Recovery is bound to be slow, work
fug through a. period of moderate
fluctuations, though I hope and ex
pect that the tendency will be an
improving one."
Tone More Confident.
ThlB agrees very well with the
views of the most experienced ob
servers of indu: trial and business
conditions In this country. Business
is getting back and within the past
month there has been a more confi
dent tone manifested. Some of the
gains, however, may be accounted for
by seasonal derrands and for that
reason cannot be taken as permanent.
It is probable that the country Is
facing an Intensive competitive
struggle which must result In stabi
lizing prices at a level which will
bring business. The situation in this
respect is very interesting. Cora
"pared with a year ago condit'ons are
much healthier, the credit situation
sounder and labor more efficient.
On December 31 the Owl Drug
company sent out checks covering
Its 13th consecutive semi-annual divi
dend to 1500 holders of its 8 per cent
cumulative preferred stock. This
company has the record . f never
having passed a preferred stock of
dividend. The management of the
company reports a splendid business
for the year Just closed. The volume
of business done will exceed that of
1920 by a substantial margin. Five
new stores have been installed In the
last 12 months and within the next
six months new ones will be opened
in Denver, Los Angeles and San
Francisco. Other locations are under
consideration.
LIVESTOCK PRICES LOWER
CATTLE, HOGS AXD LAMBS DE
CLINE AT YARDS. I
Quotations Off 25 to 50 Cents at
Opening of Year; Sheep Are
Steady and Vnchanged.
The year opened in the local livestock
market with declines In nearly all classp
of stock. There wan a Rood average run
of 99 loads, of which XX loads were for
through shipment.
The cattle market opened about a iuar
tr lower with the best steers quoted at
H 76g"7.M) and cows and heifers at Z.2Z&
3. 75, though pulp fed heifers sold h igher
than this. The close In the cattle di
vision whs steady at the forenoon prices.
Hips n'n lrt -t?S cent on the b"t
1922 Will Reward
Bond Investors
because the value of good
securities will continue to
advance, and the investor
can enjoy satisfactory in
come, with no risks of loss.
Now Is the Time
to Buy Bonds
for January investment
Investment at this time offers opportunity for added profit through ad
vancing bond prices, and also insures high yields through future years
when coupon rates will be much lower than rats are at present.
income tax exempt municipal bonds
- Due Price -Yield
Clackamas County, Or. (Schools) 5s 1932 95.45 5.60, ( ,
Douglas County, Wash., 5V2s 1930 100.25 5.40.
PortlaAd, Or., 5V&8 1930 103.27 4.84
Portland, Or., Imp. 6s 1931 105.85 5.00 "
Portland, Or., Harbor 4 2s 1928 97.25 5.00
Whatcomb County, Wash., 5Ms 1924 100.92 5.10
Eastland County, Tex., 52s Serially 5.75
Wallowa Valley Imp. 6s 1941 97.20 6.25
Wallowa County, Or., 5i2s 1932-3-4 ...... 5.007
foreign government, and municipal bonds
Republic of Argentine 5s 1945 7.50
Republic of Brazil (Sterling) 5s 1934 . 7.50
Province of British Columbia 6s 1925 6.Z5
Province of Manitoba 6s 1925 .. 6.25
French Cities 6s.... 1934 7.65
Province of Ontario 5Us. . . ........ 1929 6.00
Vancouver, B. C, 4Vs '. .. 1923 7.007o
corporation bonds, yielding to 8
Canadian Pacific Deb. 4s ; 78.00 5.13
.Pennsylvania Railroad Equipment 6s Seikilly 5.80
Wheeler Timber First Mortgage 734s .1926 101.00 7.60 f
A request will bring you full information
concerning any bond listed. -
LUMBERMENS
'jR.UST(3IFtAJSrY -JE3lANEl -
Broadway at Oak
grades, the top on crime light weights
being 19.
Lambs at the close of the session were
50 cents lower on all clashes. East of the
mountain lambs were listed at 88.50,
but nothing on the market brought the
extreme quotation. Sheep were steady and
unchanged.
Receipts were 1893 cattle. 87 calves, 1290
sheep and 2347 hogs.
The day's sales were as follows
2 steers.
11 steers.
4 steers.
2 steers.
14 steers.
2 steers.
10 steers.
0 steers.
24 steers.
C steers.
1! steers.
26 steers.
9 steers.
22 steers.
3 steers.
14 steers.
14 steers.
19 steers.
12 steers.
6 steers.
20 steers.
25 steers.
11 steers.
7 steers.
2 steers.
2 steers.
10 steers.
2 steers.
10 steers.
2 steers.
23 steers.
25 steers.
20 steers.
20 steers.
35 steers.
24 steers.
17 steers.,
22 Bteenw
5 steers. 1230
9 cows.
5 cows..
2 cows..
2 cows..
7 cows..
2 cows..
3 cows..
3 cows..
19 cows..
4 cows..
3 cows..
2 cows..
3 cows ..
12 cows..
2 cows..
17 cows..
4 cows..
2 cows..
2 cows..
2 cows..
Wt. Price.
f.O t 4.501
1231 7.00
1172
940
1115
870
970
1O-J0
1075
ions
1013
11145
1057
U03
1010
1037
1130
950
936 ,
1032
1010
1231
1243
1218
12H0
101b
972
1040
1011 1
1220
1273
1258
9X3
120S
778
1155
.11175
an S3-
1143
10S2
1030
1060
1020
1030
1013
920
1033
990
940
1255
928
loss
1130
I0
oss
1002
looo
990
10X3
90S
1 bull...
1 bull...
00! 2 bulls..
3 50! 1 bull. . .
6.651 lstag..
5II 1 stag . .
6 251 8 mixed
7.001 2 mixed
7.001 28 mixed
B 001 12 mixed
6.551 7 mixed.
6.05! 5 mixed.
6.75118 mixed.
7.251 7 mixed.
3 00! 1 hog. .
6.00113 hogs. .
6.50! 6 hogs. .
6.231 3 hogs. .
6.50'IR hogs. .
7.50 711 hogs. .
5. SO! 34 hogs. .
6.251 2 hogs. .
7.13H0 hogs. .
6 35174 hogs. .
7.15: 11 hogs. .
IS. 25 38 hogs. .
S. 35177 hogs. .
6.00120 hogs. .
6.00 34 hogs. .
6 251 3 hogs. .
6 05!18 hogs. .
7.23 23 hogs. .
5.75' H hogs. .
7.00' 69 hogs. .
6.50 2 hogs. .
1 hog. . .
4 hogs. .
1 hog. . .
1 hog. . .
3 hogs. .
4.501 2 hogs. .
4 30:24 hogs. .
4.751 6 hogs..
4.001 3 hogs. .
8 001 39 hogs..
2.50 10 hogs..
2.50! 12 hogs. .
5.351 2 hogs. .
3 IKll 7 hogs..
2.501 9 hogs..
4.001 2 hogs..
5 .001 8 hogs..
4.50145 hogs..
4.40130 hogs. .
6.00 43 lambs.
4 .001 4 lambs.
5.00! 8 lambs.
3.501 9 lambs.
4.731140 lambs
5.25' 1 S lambs.
Wt. Price
10IM) I 4.00
1530 4.00
7.15',
6.30.
7.251
8.50:
4.50)
1425
1410
10110
11 HO
520
425
515
424
940
1038
473
682
330
2(18
120
133
21
201
J Mi
310
207
103
54
128
1S5
240
185
123
175
256
373
IKS
120
300
270
300
500
242
243
183
122
820
202
245
202
100
o( i
208
495
138
193
ISO
77
87
56
08
6S
78
3.75
4 00
6 00
5.50
5.00
6 00
3 30
7.00
5.50
3 25
4.00
6.23
5.00
8.30
8.50
8 50
8.50
9.00
9.00
7.00
8.50
9.00
9 00
8.75
9 00
8.50
9.00
8.50
8.23
8 00
7.00
9.90
8 00
6.00
8.50
6.00
8.00
8.00
8.50
9 00
8 75
7.00
9.00
8.50
9.00
9.00
9.25
8.00
6 00
8.75
8.85
9.00
8.00
5.50
5.00
5.00
8 I")
8 00
A 1922 Investment Resolution
I WILL not invest my money without due consid
eration from every angle.', I will not be hurried
by the "one-and-only-chance" plea of the pro
moter. I will not be lured by returns which sound
too big to be. true. I will investigate, or go to some
one who tan.' I will think twice of my principal be
fore being misled by promised interest. I will always
keep in mind the possible necessity of having to
realize upo my securities in emergency and determine
whether I am to be the holder of valuable collateral
or of a "bag." Then I think I can term myself a
legitimate investor. 1
Municipal Bonds Are Safe
Maturity Yield
Province of British cfcllimbla 6a 1025 6.30
Province of Alberta 6a. .ay 1033 .rA
Province of Alberta 6a. ... 1931 a.00
City of Edmonton As 1923 7.00
Winnipeg Mater Bonds, 6a 1824 6.80
Winnipeg; Water Bond, 5a 1923 - 6.90
Telephone or Wire Orders at Oir Expense.
MORRIS BROTHERS CORPORATION
Bdwy.
2151
Morris Building;,
3O0-11 Stark St..
Portland, Or.
Safe Deposit
15oxes
9 cows..
7 heifers
2 cows..
2 cows..
4 cows..
27 cows..
6 cows..
9 cows..
1 cow. ,.
11 cows..
15 cows..
20 cows..
2 cows..
10 cows..
4 cows..
8 cows..
27 mixed
21 cows..
4 cows..
11 cows..
2 cows..
4 cows..
5 cows..
3 cows..
3 cows..
13 cows ..
8 cows..
3 calves
1 calf . .
15 calves
3 calves
0 calves
24 calves
3 calves
7 calves
1 calf..
2 calves
2 bulls..
1 bull. . .
1 bull...
1 bull. ..
2 bulls. .
' 3 bulls
1 bull. ..
1 bull...
2 bulls..
Prices
stockyards
Cattle
Choice steers ..........
Medium to good steers
Fair to medium steers
Common to fair steers.......
Choice feeders
Fair to good feeders
Choice cows and heifers
Medium to good cows, heifers.
Fair to medium cows, heifers.
Common cows ,
Canners
Bulls .,
Choice dairy calves ,
Prime light calves
Medium light calves ........
Heavy calves ...............
1093
002
1230
10K0
1 107
1155
nso
1141
1110
1013
943
1278
1145
. 095
887
1142
1135
1191
9S0
SS7
1102
1103
990
1058
1220
355
310
201
293
348
183
108
132
170
200
1575
1100
1530
1440
1175
1540
1770
1070
1540
quoted
were
4.501 7 lambs.
6.5)l 9 lambs.
4.50l60 lambs.
3.50 193 ewes.
5 00; 179 ewes.
5.50 154 ewes.
5 501185 ewes.
5.40 139 ewes.
5.401 2 ewes.
3.90! 20 yearl..
4.751 19 yearl.
5.501 1 yearl. .
4.25 2 wethers
5.50120 mixed.
4.55 20 steers.
4.30:24 steers.
O.OOl 2 steers.
5.50 17 steers.
4.75 26 steers.
4.83128 steers.
4.00.20 steers.
5.231 14 steers.
4.73128 steers.
4.23127 steers.
3.75 28 steers.
4.50117 cows. .
8 50' 9 cows. .
6 00115 cows..
5. 501 5 cows. .
9. CHI! 2 sows. .
9 .00111 cows. .
8 oil 3 cows. .
10.00113 calves
7.751 lcalf..
lcalf..
6 calves.
1 bull..
1 bull..
1 bull...
4 bulls. .
3 73191 hogs..
4.0(1190 hogs. .
3 751 4 hogs..
4.50 84 hogs. .
3 00110 hogs..
4.001 2 hogs..
at the Portland
as follows:
10.0OI
10.001
G (nil
4 001
3.00!
3.7
70
74
81
110
109
108
110
109
115
94
94
100
100
' 124
1183
11 85
1220
1042
1142
1036
120S
r.s
1012
1123
1106
T.S5
1080
1175
1214
1110
9.-.S
90O
202
290
180
220
1540
1110
1010
1330
198
208
205
187
213
212
3 00 Smooth heavy, 230 to 300 lbs..
6.00 Smooth heavy. 300 lbs. and up.
8.00 Rough heavy ,
6 00 Fat pigs
5.O0 , Feeder pigs
5.00 j Stags, subject to dockage.....
5 on . Sheen
6 00 I Kast-of-mountaln lambs
4.00
7:00
6.50
5 Ml
6 50
6 .'
7 50
7.50
4.50
6 00
7.33
7.25
7.50
5 50
6.50
7.30
7.30
5 25
6.00
5.7J
4 50
4 25
5.00
6 50
8,50
7.00
7.50
6 50
8.30
3.00
2.30
3.73
9.00
9.00
8 00
9.00
8.00
9.25
TJnlon
7.50
6.75
6.25
3.75
.... 16.75
6 23
. ... 5.7.'u)
4.73
.... 5.0U 'S) 5.50
.... 4 5043) 5.00
6.25
4.73
4.2.VO)
3.2--.(j!
Hogfl
Prime
light
5.73
3.25
4.75
4.25
3 23
3 0IIW 4 on
9. cxi 10.00
8 OOlh) 9.00
6.0OW 8.00
5.000 0. 00
8.75W 9.00
Best valley lambs
Fair to good ..
Cull lambs
Eastern Oregon
Heavy yearlings
Light . wethers .
Heavy wethers
7.50"ai 8.50
6.50 7 50
6.00JH 7.O0
8.50 9.00
8.500 8.75
6.1)041 6.50
S.OOii 8 50
t.aOli 8.00
5.50 7.00
3.MK 5 00
6.nO -7.00
6.0ifi 7.00
6.4H fl llO
4.59 5.30
4.00ig 5 00
1.00(0 5.00
Chicago Livestock Market.
CHICAGO. Jan. 2. (U. 8. Bureau of
Markets.) Cattle Receipts, 13,000 head.
Beef steers and fat she stock, strong to
25c higher; yearlings up moat; bulk beef
steers. $8.757.76; bulls, strong to 15c
higher; veal calves, steady to lower;
stackers and feeders steady.
Hogs Receipts, 85,0(O bead. Opened 13
23c higher than Saturday's average;
butchers' later, lo15c higher; tig pack
ers and several small packers doing noth
ing; top. $S.lo for 140 to 130 pound aver
ages; up to $8 for 160 to 170 pound aver
ages; bulk! 16.9097.00; pigs, mostly 23c
higher; bulk, t8. 10 ft 8.25.
Kansas City Livestock Market.
KANSAS CITT, Mo., Jan. 2. (U. 8.
Bureau of Markets.) Cattle Receipts,
11.000; stockers ai. feeders steady to
strong; early sales, atockens, 356.25;
bulk. IS. 2i$tS. 75; calves, steady to 23c
higher; best vealers, 18. 30S19: stock cows
and heifers, steady to 2Cc higher; several
loads stock heifers, $4?4.75; one tested
load, 95.50; medium to good stocker cows,
333.73; other classes uneven, but gen
erally steady; best steers on sale. $7 fto;
ARK YOU LOOKING FOR A DE
l'K.VDABLK PHODICK DEALER f
Venl Hotter
Pork t'beese
Poultry RFirM
Honey Any Product
Ask for latest methods to prepare
poultry and meat shipments.
, KIBV At CO,
169 Front 5t Portland, Or.
Corporations having temporarily
IDLE FUNDS
can profitably invest in
U.S.
Certificates of
Indebtedness and
Gold Notes
Our booklet UA-1
giving full information, will be gladly sent
upon request without obligation
H ALSEY, STUART & CO.
209 South La Salle Street, Chicago
CHICAGO
DETROIT
NEW VpRK
MILWAUKEE
PHILADELPHIA
MINNEAPOUS
BOSTON
ST. LOUIS
Dollar Bonds
$1,000,000
REPUBLIC OF BOLIVIA
External Loan 6 Serial Gold Bonds
Dated June 1, 1920
Due Serially as Shown Below
Coupon bonds of $1000 denomination, registrable as to principal. Interest payable June 1 and December
1. Principal and interest payable in United States gold coin of the present standard of weight
and fineness, at the Office of the New York Trust Company, New York City, without de-
ekiction for any Bolivian taxes, present or future, and payable in times of. war
as well as of peace, without regard to the nationality of the bolder.
Redeemable at par prior to maturity on any interest payment date upon six months notice.
NEW YORK TRUST COMPANY OF NEW YORK, TRUSTEE
$26,000
28,000
28,000
30,000
30,000
31,000
31,000
33,000
33,000
35,000
36,000
37,000
38,000
due
due
due
due
due
due
due
due
due
due
due
due
due
Dec.
June
Dec.
June
Dec.
Jirne
Dec.
June
Dec.
June
Dec..
June
Dec.
1, 1922,
1, 1923,
1, 1923,
1, 1924,
1, 1924,
1, 1925,
1, 1925,
1, 1926,
1, 1926,
1, 1927,
1, 1927,
1, 1928,
1, 1928,
97,
96
95.
(S) 94,
94,
93,
92,
(5) 91,
90,
90,
89,
88,
88,
MATURITIES AND PRICES
74 8.40r0
'O
69 8.40
00 8.30
14 8.30
31 8.30
51 8.30
74 8.30
00 8.30
30 8.30
85 8.25
21 8,25
$39,000
40,000
42,000
43,000
44,000
45,000
47,000
48,000
50,000
51,000
51,000
54,000
30,000
due
due
due
due
due
due
due
due
due
due
due
due
due
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
Dec.
June
1, 1929,
1, 1929,
1, 1930,
1, 1930,
1, 1931,
1, 1931,
1, 1932,
1, 1932,
1, 1933,
1, 1933,
1, 1934,
1, 1934,
1, 1935,
(a) 87.
(a) 87,
(c) 86
(a) 85.
(5) 85,
m
t y
(a)
(a)
85,
84,
84,
83
83
83
82.
82
60 8.
01 8.
,45 8,
,90 8.
38 8.
,18 8.
.71 8,
,25 8.
.828,
.40 8,
.00 8,
.60 8.
.24 8,
25
25
25.
25
25
20
20
20
20
20
20
20
20
Accrued interest to be added.
These bonds are a full and direct obligation of the Republic of Bolivia, in area the third largest South
American Country, and in addition are an absolute first lien on fifteen different customs duties and internal revenues, which
are anually almost double the amount required for payment of principal and interest in any one year.
Bolivia is one of the richest mineral lands in the world. She is now producing more than one-third the
world's supply of tin, being the only producer in the Western Hemisphere. This important metal, for which there is no
substitute, has become an essential to the United States, who now consumes 64 of the world's supply.
Within Bolivia also lie the richest veins of silver, tungsten, bismuth, antimony and asbestos that are known to exist any
where in the world. Practically every known agricultural product can be produced within her limits, although on account
of her vast mineral wealth, her agricultural resources have hardly been touched. She is second in the production of rubber
in South America. In addition, rich and unusually pure petroleum deposits have recently been discovered which are now
being developed by the Standard Oil Company. The largest part of her foreign-trade is with the United States.
The financial record of the Bolivian Government has been excellent. She has never had a single
default in meeting her foreign obligations. This is the third loan she has floated in the United States,
her other foreign loans having been floated in France. This issue is for the purpose of constructing
Sanitation Works in La Paz, the Capital, and Cochabamba, the second largest city, which work is
being done by American Contractors with American materials, and is at present over 95 completed.
The U. S. Department of Commerce Statistical Abstract
capita debts of important nations:
France.. $1,159.33
United Kingdom...., 853.02
Belgium 260.56
United States 237.07
Canada $159.10
Argentina ............. 104.58
Norway 75.00
Chile 59.01
of 1919 gives the following per
Denmark $54.98
Switzerland 52.18
Brazil 41.69
BOLIVIA 9.10
The legality of this issue has been approved by Messrs. Curtis, Mallet-Prevost and Colt, of New York City.
Wire orders "Collect" to either of undersigned :
Lumbermens Trust Company Bank
Broadway at Oak Street
PORTLAND,' ORE.
John Nuveen & Co.
First National Bank Building
CHICAGO
Statements herein contained are based upon information furnished us from official sources. 'WhIV we do not guarantee their
correctness, we believe them to be reliable and they were the basis of our purchase.
?gaErBHa8fttH't:c3-fe'-"'JCS ijli3B,sgTmAj!M,Mraai'i wiwwr.vnnTO.TWirBiimiiiau
other early sales, SOST.TO; better grad
cows, $4.755.2J: bulk. J3.76&4.25; most
he-lfers, itt down; Rood canners. mostly
12.50; bulk bulls, S3.233'3.T3.
Hois Receipts. 10.000; few sales to
shippers about steady with Friday's aver.
a;re 141) to 176 pounds weight, I7.107.2.V.
2O0 to 230 pounds weight. $77.15: bulk of
sales, S7$i7.2o; top, 17.3.1; packers not
buying; bidding 2.1c lower than Friday's
average; stock pips stesdy, 1J.50 paid.
Omaha Livestock Market.
OMAHA, Jan. 2. (U. Bureau of Mar
ket ) Hogs Receipts, 80O0 head; mostly
10B'2c higher; bulk 1W to 210 pound
butchers, I6.766.85; top, .90; stronger
weights. 220 to 2.V pounds, S0.6O&6.7S;
packing grades, $55.75.
Cattle Receipts, Beef steers.
steady; she stock, strong; bulls and veals.
Blockers and feeders, unchanged.
Seattle Uvestork Market.
SEATTLE. Jan. 2. Hogs Receipts. 173;
Rtenrly. Prime, fq.isnrnft: nmooth hevl.
JOHN PURSE & CO.
CONSULTING PUBLIC
ACCOUNTANTS AND AUDITORS
611 ARTISAN'S lH ll.DING.
Broadway 2853.
Balance Sheets. Income Tax
Financial Examinations
Investments of Merit for
Your January Funds
Oregon Municipals
Yamhill County 5s
Due 1928-1934
To Yield 5
Clatsop Co. School 6s
Due 1941
To Yield 5.75
Polk County School 6s
Due 1937
To Yield 5.607o
Klamath Co. School 6s
Due 1928-1941
To Yield 5.75
City of Grants Pass 5s
Due 1932
To Yield 5.60
City of Klamath Falls 6s
Due 1925-1933
To Yield 6
City of Bandon 6s
Due 1931-1940
To Yield 6
Port of Astoria J6s
Duel926 .
To Yield 6
Canadian-and Foreign v
Prov. British CoL 6s
Due 1925
To Yield 6.50
Province Alberta 4sv
Due 1924
To Yield 6.5
Prov. Saskatchewan 5s
Due 1925
To Yield 6.50
City of Vancouver 4's
Duel923
To Yield 7
City of Montreal 6s
Due 1923
To Yield 7
City of Victoria 4s
Due 1923
V To Yield 7
Argentine Gov't 7s
Efuel923
To Yield 7
Argentine Gov't 5s
Due 1945
To Yield 7.33
r
Republic of Brazil Sterling Bonds
With Exchange at Current Rates Yield Annual Income of
7.50
With additional profit on principal at maturity, and will te in
creased by any rise in Sterling Exchange. Ask for circular, 'Brazil,
Its Government and Resources."
DETAILS OP ANY ISSl'E FTOX REQUEST.
HIRE ORDERS COLLECT.
Ralph Schneeloch Company
MUNICIPAiANDCORPORATIONTINANCE
LUMBCPMENS BUILDING
PORttAND. OHCOON.
IT9T.JJ; rough heavies, t4.:56.25; pigs.
(7.3.1 e8.:s.
Cattlo Receipts, 4!W. Steady. Prime
steer. $77.50; medium fo rttoice, $.ftOftJ
7; common to good, J5.54 ii 6 54; best cows
and heirrs. $.". 'ii .1 .lit ; medium to chiur.v
4.n0irS: common to good. $34; llpht
cslvrs. JflliUMI; medium calves, JHSO'jl);
honvv ealve. $71M
mm wig.
Canadian Pacific
Railway Company
4fc Con p on Consolidated
" Debenture Stock
"The premier security of this
great company, which operates
the laTgesl transportation sys
tem in the world."
Price yielding; abont
5.13
Circular upon rqnet
The National City
Company
Offices In more than B0 eitlea.
Yeon BldKn Portland. Or.
Telephone Main 8073.
A 1
: wSX Tested
W Plan ,
For Invcstors,-
that has proven successful
J monthf trial
subscription rem
TK ftoe lnwtrment Knriew, nttSt)4r4
nonthlr dcHbca method at Lnvcatftng
tbac hu pro m weeew hit by aciual mm,
Ltram how to malt yrnrr monrf tmrn
nd mulrtplf. Take your firtt trp urmma
Anar-clat Independrnc today by wrlcmfl
far your h copy oiLft. No. 294
ROSE & CO.
INVESTMENT SECURITIES
BO Broad St, Nenr York City
42
Buy your
BONDS
at the
BROADWAY
BANK
Broadway and Stark
HOTEL HOYT
Strictly Fireproof. Near both depots
sad convenient car servlos to
all pans of city.
Plngle Rooms (Vithout liiith, fl and no
single Jtonmn IVith liiith, $9 and ap
KLUtltt b. KOilS. Manager.
I
vt
HERRIN&RHODES.In
Established
STOCKS, BONDS,
COTTON, GRAIN
Correaponrlrnta E. F. HUTTON A CO,N. T,
Jtlmbar all leadlnc izchtni-ii
rlabaon Servlre on Kile.
Haul tun 201 Hallway ixchHOS Bide.
ALFALFA HAY
Bay Direct. in Money.
, Write or Wire for Prleea.
ERSERT T. FRF.EPONS,
Walla Walla. Washington.