Morning Oregonian., January 12, 1922, Page 21, Image 21

TIIE MORNING OREGONIAN, THURSDAY, JANUARY 12, 1923
NDS SELL
KXTFASJVE DEALINGS IX LIB
EICT1ES AXI) VICTOItY NOTES.
AcKanccs Range From 15 Cents to
$1.20 Kallroud Issues Are Also
Slicing; Stock Trading Reduced.
XfiW YORK, Jan. 11. Fundi Isjups
dominated today' operatluns on the stock
exchange, transactions in bonds, mainly
at higher fvt;u9 being relatively much in
excef of dtulings in the sliare Hat.
Liberty bnnila and victory notes were
features. Their extensive accumulation
RKKr-K.ued about (l." per cent of the total
turnover, which approximated I27.500.OUU
par value. All domestic war issues, ex
cept tile liberty third 4 Us. registered high
est prices for a year or more at extreme
advances of lj cents to ll.ao per 1100, the
tax exempt 3'js making the greatest gain.
The atock market strengthened gradu
ally after Its irregular opening, but deal
ings were materially reduced by the storm
which Interrupted wire connections with
western points.
Oils, rails, metals and food specialties
were among the strongest features, their
occasional activity being attributed to pro
fessional Interests. HeavineMs was con-
nned to several of the better known steel
and equipments and various miscellaneous
Issues. .sales were 4."i(i,00O shares.
Call money was maintained at per
cent. (
Trading In foreign exchanse -q on
limited a"-a.;e and at rates slightly lower
ior uri:ijn, rrencn and most other Euro
pean bills, Scandinavian quotations also
easing.
Railroad bonds followed the pace set
,oy government issues. Domestic Indus
trial also hardened, but internationals
were irregular.
CLOSING STOCK QUOTATIONS.
(Furnished by Overbeck & Cooke com
faujr ui xoruann
Advanre Rum.
Sales. High. Low. Bid.
do p.d ;;;;; SI
1WA
1,000
.voo
JMIU
300
8,'joii
' Yo'6
' Vo'6
iMMt
3(K)
4. Ml
700
400
tioo
1.700
Voo
i.o'oo
1O0
1. 'ioo
l.loll
mm
3,4) Ml
7.XO0
2. MI0
2.7HO
1.4HO
100
Agr Chem.
do ird
A.lax Kuhber..
Alaska Gold. ..
Alaska Juneau
Allied Chem...
Allls-Chal
do prd
Am Beet Sug..
Am Uoech ....
Am Can Co. . .
do pfd
Am Car & F. .
do pfd
Am Cot Oil. . .
do pld
Am Drug Syn.
Am Hide & L.
do pfd
Am Ice
Am Intl Corp.
Am Linseed. ..
do pld
Am Loco ....
do pfd
Am Saf Razor.
Am Ship 4 c.
Am Smelter...
do pfd
Am Snuff ....
Am Steel Fdy.
Am Siik'ar ....
do pfd
Am Sumatra . .
Am T & T. ...
Am Tob
do H
Am Wool ....
do pfd
Am v P pfd. .
Am Zinc
Anaconda ....
Afvd Oil
Atchl.son
do pld
Atl ; & W I. .
. Uald Loco . . ..
ilo pfd '
Halto & Ohio. .
do pld
Beth sieel B. .
H It T
Butte C & Z.
llutte & Sup. .
Hums Bros. . .
Caddo Oil ....
Cal racking..
Cal Pet
do pfd
Can I'ac
Ccn Leather. ..
Cerro de P. . ..
Chand Motor..
Chi & j; w
Chicago Gt W
do pfd
Chill Cop
Chlno
C M & St P..
do pfd
Coco Cola. . . .
C & O
Colo F & I. . .
Colo Southern
Col Oaa & El.
Colum Graph.
Con Gas
Cons Cii;ara..
do pfd
Contl Can
Oltles SVC.
Corn Prod....
do pfd
Cosden Oil....
C R I A P. . .
do "A" pfd
do "B" pfd
Crucible ....
do pfd
Cuba ('Hne....
do pfd
Cub Amn Suir
Hel A Hudson
Home M ines. .
Pe A Lack..
Tnvlson Chem
Bndicott John
Krie
do 1st pfd . .
do L'd pfd..
Famous Play.
Fed XI in & Sm
do pfd
Fisk Tire
Gaston VVms..
Gen Cigars...
G"n Elec
Gen Motor....
Glen Alden...
on Asphalt. 10,300
1,000 1IS 16(4
1424
io' '
68
ft7"4
lis
Ml
84 i4
i-iiii
'26
4.1
4
12',
6S
39 4
30
an m
30
104 104
4"4
87
'si'ii
34
LIB
134i
1211 H
Kilij
104
41
87
'31
M
s
34
1IJ
131
127
Hi
104
3.700 411 4H
1.01 si
oOO
1. MM)
U.'.IMO
' Vn'ii
4110
l,.r.OO
lull
aim
1.300
1,2110
rxx)
Hihi
1HI0
2, Y(i6
4)l
4U0
1.2IIO
1,700
200
100
7. 1 00
1.4IHI
4110
3110
2,7110
500
1.800
1,700
XIII)
100
03
S7
24
ii
'si' '
M
'
Vj
22",
lloH
111-),
6
4414
121"
80
34 M
SO
62 H
6
13
10W
27
17
301.
42
S4
61!
24
(0
26
03 -.
Kli1
214
l3
3:':'.i
f.2 ,
id's
(
IV,
2i 4
1144
10
(IS
43
ii'li"
2
34
40
61 4
V
1.1
1.1
17
30lj
42
4
66
2 4
no
26
17,100
.1110
1.7110
1.200
' ' i 66
14.0IKI
100
1.400
1.6O0
l.r.oo
100
MIO
1.2(10
l.rnxi
IKK)
.1.000
1.100
1.7(H)
5.300
17
!7
112'4
32
31
in"
63
82
s
17
in
107
21
11
si
77
9
13
N
77
17
4
111
82
30
'76' '
61
82
8
1
1.1
107
l7.3
(SO
70
H
13
8
76
100
'260 '
401)
300
12 11
Goodrich
Goodyear ....
G ran by
Great Nor Ore
Great Nor pfd
Greene Cana.
Gulf S Steel. .
Hank Barker.
Houston Oil. .
Hupp Motor..
Ill Central...
Inspiration
Int Ag Cor cm
do pfd
Interboro ....
do pfd
Int Callahan.
Int lfarv
do pfd
Int Mer Mar.
do pfd
Int Nickel...
Int Paper....
do pfd
Invincible Oil
Island Oil....
Jewel Tea....
Tt O Southern
do pfd
Kelly-Spgfld .
Kennecott . . .
Keystone Tiro
Lack Steel ..
Ixo Tire ....
I.ehlKh Valley
Loriliard ....
Lowe Theater
1. N
M'irland Oil..
May Kept Sto
M.'X Pet
Miami
-Mid States OH
-Mldvale .steel.
M K T wl..
do pfd wl..
Mont Power..
M.mt Ward . .
Mo PHe
do pfd ....
M St. A S S M
Nor Am
Viit Hisrult. .
Nirt Kiwmcl.,
Nat Lead ...
r riIji 1 "on . .
New Haven ..
Norfolk & W.
Nor I'ac
Nova Sco StI.
X V Air Hr..
X Y Central.
Ofcia Prod ref
nt Sliver ...
I'nt w
500
200
1300
100
4DI)
1.7110
1.M0O
1,000
6S
138
9
'8
3.1
82
72
26
46
80 u.
73
11
500 80
600
700
"0fl
8.100
.100
2..100
V.666
1.7110
1.100
600
100
2.700
4.100
4.200
100
'ii'jno
ni)
600
::oo
l.!HH)
1.30O
26. 1 DO
300
r.oo
B..100
2. 8O0
l.Ooi)
2! 606
00
200-
' "76A
.100
2.IO0
"soo
1.500
i,6o6
100
' "706
1.300
6
81
'U
67
11
' 49
'i4
2
11
22
Sil
26
17
45
12
110
2
107
110
26
12 1
211
J
25
"ii
i
44
' ik"
120
32
'ii
13
1
'ii"
2
68
1311
8
'67"
35
31
71
26
4.1
7
ii
'88
B
80 V.
'ii
66
II
48
"ii
2
11
22
52
35
26
17
5
'r.R
14SVS
12
110
2.1
104
107
2fl
II
20
7
23
'ii'
HI
'i7
1 26
30
"ii
13
'ii
23
'i.i
30
5S
16
0
as
. 81
' 34
84
32
143
11.1
20
41
4
32
58
77
30
30
55
1114
110
4
7
44
87
112
32
is
88 '4
34
110
133
120
Wl U
23
13
411
100
1)3
86
2!)
14
103
33
52
66
6
5
21
115
10
68
44
81!
120
2!)
34
.10
62
6
. 14
ID',
27
17
80
42
54
24
38
611
2
1)0
26
61
46
17
1)7
112
32
30
83
70
62
81
8
in
1.1
106
20
113
51
77
8
13
8
77
A
3.1
11
68
J37
8
42
.18
3.1
10
26
31
72
26
40
801,
73
11S,
97
89
7
S3
1
3
1
80
106
14
66
11
48
8.1
14
2
11
22
52
3.1
26
17
4.1
26
1.10
12
110
26
104
110
26
20
7
25
66
12
16
44
65
ill
84
14
13
06
7.1
23
.16
73
2
4
20
ARK YOTT I.OOKIVG FOR A IK
rU.NDAIII.K I'llOUICK DEALER f
Veal Mutter
Pork (brrne
Poultry Kiiga
Honey Any Product
Ask for latest methods to prepare
poultry and meat shipments.
HIBl A CO..
169 Front t., Portland. Or.
Otis Steel ...
Pac I)ev
Pac Q & Elec
Punta Alleg..
rue Vll
Pan Am Pet.
do
Penn
Peo Gas
Pere Marq . .
Pure Oil ....
Phillips Pete.
Pierre Arrow.
Pierce Oil ...
Pitta Coal ...
Pitts & W Va
do pfd ....
Pr.s stl Car.
Pullman ....
Hay Cons ...
Heading
P.emington ..
Iteplogie Stl...
Kpub I & S.
do pfd ....
Heo Motors .
Roy Lut Oil..
Ity Steel Spg.
Stand Oli N J
Sears Roeb . .
Shattuck Aria
Shell T T.
Sinclair
Stand on Ind
Sloss Shef. ...
Sou Pacific...
Sou Ry
Stand Oil Cal.
St L & S F. . .
Strombg Carb
Studebaker . .
Swift & Co. . .
Tenn Cp & Ch
Texas Oil
Texas Pac...
Tex PC C i O
Tob Prod
Tran Contl Oil
Union Oil Del
Union Pac. . . .
United Alloy. .
United Drug. .
"nit Fd Prod.
United Fruit . .
On Kds of N J
Union BAP..
Unit Ret Stres
U S Ind Alcoh
U S Rub
do 1st pfd. .
U S Smelting
U 8 Steel
do pfd
Utah Copper..
Va Oh em
do pfd
Vanadium Stl
VI va ndou ....
Wn-haKh
do A pfd . . .
do B pfd...
Wells Fargo. .
Western Pac. .
do pfd
Western Union
Wstghs R ii M
Went Md
White Motors.
Willys-Overld.
do pfd
Wilson Packg
Wiec Central.
Woolworth . . .
Worth rump.
W L E
White Oil
500
300
'i!fl('o
.OH0
3, SOO
2O0
3. 1 no
S.6110
5110
2.7(,0
' "itiio
6,3110
80O
200
in
8
'33
4.1
50
4.1
33
61
20
35
' ii' '
10
62
24
7
32
44
4N
44
33
61
1 II
35
"ii
10
62
24
100
HOO
400
8.200
400
200
300
63
108
14
73
2.1
27
52
63
107
14
71
2.1'
27
800
100
1,300
700
500
i!2(IO
8,3110
10O
2.3O0
1.700
700
100
200
19,700
400
23.3O0
300
I.Sim)
1.7O0
8iH)
1.8O0
1.2(H)
100
11.61)0
100
100
' 3.200
1.3DO
2, SIM)
0O0
200
6.2O0
11)0
4,100
51
!H
17.1
62
8
'ii '
8.1
36
7
17
94
21
37
82
96
9
4.1
2.1
24
63
10
10
126
8
122
8
'52'ii
3!)
.13
f'0
34
83
115
64
BO-Vi
!.1
172
62
8
'in"
84
36
78
17
94
21
3H
80
98
n
42
24
62
9
18
12.1
.25
"7'
122
"I
'ii' '
SN
52
n
34
82
115
62
1.000 31
3l
100
700
1110
200
200
4"0
3110
3O0
600
300
1,300
6
20
13
01
40
8
36
3
6
6
10
13
71
91
40
I'i,
36
0
'28' '
6
9
9
7
63
31
45
50
44
33
61
1
35
2'.)
13
10
62
24
76
62
107
14
72
25
27
51
82
7
50
94
173
62
8
38
ID
85
36
7!)
17
94
21
37
81
96
9
44
2.1
24
63
9
19
129
25
70
7
122
8
69
r.2
30
52
90
34
83
11.1
63
28
67
3")
6 '4
6'i
ID
12
71
1.1
. SI
91
4!)
8
36
514
26 V.
28
73
I.IO
43
6
9
do 8s
Cuban Amer Sugar 8s
Con Gas cv 7s
I)la Mtch 7s
Denmark 8s
DanUh Mun 8a
Dupont 7s ................
French exl 8s
do 5a
Grand Trunk 7s
Goodrlrh 7s
Gulf Oil 7s
Great Northern 7s ..........
Humble Oil 7s
Int Rap Tr ref 5s
do 7s
Int Mar C T 6s
Kelly Springfield 8s
Kennecott 7s
Llbby. McNeil ft LIbby 7s...
Morris & Co 7s
Mexican Pete Us
N Y C cal 7
Norway 8s
N P A G N (Jnt) 6s
N P 6
Northwest Tel 7a
Pan Amer 7s ...............
Penna 6s
San Paulo 8s
Southwt Tel 7s
Swedish Govt 6s
Standard Oil N Y
do or Cal 7s ...
Swiss 8s
Sears Roe 7s ....
do 7s
Sinclair 7s ....
Swift St Co 7a ...
Un Tank 7s
U 8 Rubber 7
West Elec 7s
Westinghouse 7s
Zurich 8s
7s.
.1925
.11131
.1921
.193,1
.11)45
.194.1
.1931
.1945
.1941
.1940
.1925
.1933
.11)39
.1923
.11)69
.11)21
.1941
.1931
.1930
.11)31
.1930
. 1939
.1930
.1940
.1939
.21147
.11)41
.1930
.11)39
.1936
.1925
.1939
.11131
.1931
.1940
.1922
.1923
.192.1
.1925
.1930
.1930
.192.1
.1931
.1945
104
102
104
109
108
107
104
100
95
109
97
IDS
108
101
59
79
91 U.
103
103
99
102
100
11)9
109
108
108
11)7 41
96
11)9
till W
102
95
109
11)6
114
98'
97
loo
1O0
ilia
105
104
1116 1.4
108
Foreign Bonds.
Foreign bond quotations
Overbeck A Cooke company
BON DS.
U S 2 reg 10H4IN Y Cen deb 6a 33
do 2 cpon. .lol INor Pac 4 80
U S 4 reg . . . . 1 14., Nor Pac 3s 61
U S cv 4s rponM04'Pac Tel & Tel 5s 94
Pan. 3s reg ) I Penn con 4s. !t4
do 3s cpon.. 8il ISouth Pac cv 5s 9.1
A T & T cv 9s 110 ISouth Rwv 5s .. 8!lVt
Atch Gen 4j .. .8sUnlon Pac 4s... 811
D & R con 4s. 73 IU S Steel 5s.. 100
Liberty Bond Quotations.
T IKor.w hn.J ..t. ...... V. 1
tions at New York as furnished by over-
uw lyoofto uimimny or roruana.
Open. Hlvli. Low. Close
98.00 96.74
Liberty
Liberty,
Liberty,
Llhei tv.
Liberty,
Liberty.
Liberty,
v ictory.
Victory,
3s 96.74
1st 4v4a
4s.. 97 74
41-. 98 00
4s 97.84
4 'is 1)8.26
4th 4s i'7.98
48. . .100.12
3s. . .100.12
2d
1st
2d
3d
97.84
98.1)4
98 18
98 20
98.20
97.74
97 90
1)7.80
97.80
97 DM
100.18 100.12 100.14
100 14 100.12 100.14
97.66
97.80
97.74
97 90
97.82
97.04
1)8.00
Boston .Mining Stocks.
Allouel 22 iMohawk 541
Ariz Com 8!.orth Rutte 17
Cal & Arlr 57Oid Dominion... 24
Cal & Hecla.. 270 lopreola 82
fetnennlal 9.Qulncv 42
fop R C Co 31) Isuperlor 2
H 11 Cop mine loSun & Bos Min. 94
h'rankiin lIShannon 1
lsla Hoy )Cop) 23 Utah Con 1
Mohawk 54Wlnona 30
Franklin 1 v, , Wolverine 10
Lake Copper.... 21
Swift Co. Storks.
Closing prices for Swift ft Co. stocks at
Chicago were reported by the Overbeck &
Cooke company of Portland as follows:
Swift & Co 96
Llbby, McNeil Llbby 5
National Leather 2V4
Swift International 22
Belgian rest 5s.....
do prem 5s ......
do 7s. 194
do 8s. 1941
do 6s. 1925
Brazil 8s. 1941
British 5s, 1022
do .Is. 1927
do 5s, 1929
do vky 4s .......
do ref 4s
Bordeaux 6s. 1934..
Canadian 5s. 1937...
do 5s, 1926
do 5s, 11129 ....
do 5s. 1931
do 5s. 1927
Chilean 8s. 1941C...
Currency
Denmark 8s. 194.1 . .
Dan Muni 8s. 1945. .
French 4s. 1917
do .Is. 1920
do 5s. 1931
do 73. 1941 ....
do 8s. 194.1
German W L 5s ....
Berlin 4s
Hamburg 4s
do
Leip.sig 4s
do 5s
Munich 4s
do 5s ,
Frankfort 4s ,
Italian 5s. 1918 .....
Jap 4, 11)31
do 1st 4s, 1925..
do 2d 4s, 1925. .,
Norway 8s. 1910 ....
Russian 5s. 1021 .,
do .1s. 1029
do 6s, 1919
Swiss 5s, 11)29
do 8s. 1940
U K 5s. 1922
do 5s. 1929
do 5s. 1937
furnished by
of Portland: t
Bid. Ask
65
...74
...Ht4
...104
... 9.1
...103
... 8.1
... 84
... 83
...97
. . . 92
... 83
... 94
... 96
...97
... 95
... 98
...101
. . . 11
...107
...105
... .10
... 73
... 63
... 94
... 99
.. . 4
... 4
... 5
... 5
... 5
... 6
... 5
... 7
... 6
... 32
73
... 87
... 86
...108
... 17
... 3
... 17
... 95
...115
...100
... 99
... 87
68
77
10.1
KM
9.1
14
86
85
64
83
9.1
96
97
9.1
98
101
12
107
106
11
75
65
94
100
5
5
6
9
6
7
6
8
7
33
73
87
89
109
18
4
19
96
115
100
99
97
New York Bonds.
New York bond quotations furnished by
Herrln & Rhodes, Inc., of Boston:
Am Tel A Tel Us 1922
do 6s 1924
Am Tob 7s 1923
Anuconda 7s B.... 192!)
do 6s A 1929
Armour cv 7s 1930
do 44s 1939
Argentine O I 5s 1114.1
Am Ag Chm 73 1941
Beth Steel 7s 1922
do 7s 1923
do Eq 7s 193.1
Belgium Ext 7s 11)4.1
do 6s 1925
do 8s 1940
Bergen 8s. City of 1945
Heme 8s. City of 194.1
Brazil 8s 1941
Canadian 5s 1926
do 5s 11)31
Can Nat Eq 7s 1113.1
Chi & N W 6s 1936
Chicago N W 7s 1930
C M i St P gn & rf 4s A 2014
Can Nor 7s 11)40
Chile 8s 1941
Christiana 8s. City of 1945
Copper Exp 8a 11)22
do 8s 1023
do Hs 1924
100
101
101
101
97
102
87
77
101
100
101
101
10.1
95 )4 -105
107
107
103
97
9.1
106
107
105
.15 .
109
101 .
106
10O
101
HI3
Foreign Exchanre.
Foreign exchange rates at the close of
business yesterday, furnished by North
western National bank of Portland. The
amount quoted is the equivalent of the
foreign unit In United SStates -funds:
Country. Foreign Unit. Rate.
Austria, kronen .0007
Belgium, francs 080.1
Bulgaria, leva OO80
Czecho-Slovakla, kronen .......... .0175
Denmark, kroner .1990
England, pound sterling 4.2400
Finland, finmark 0195
France, francs 0833
Germany, marks .0060
Greece, drachmas 044.1
Holland, guilders .36x0
Hungary, kronen 0022
Italy, lire 043S
Jugo-Slavla. kronen 0038
Norway, kroner .1.164
Portugal, escudos 0H35
Roumanla. lei 0090
Serbia, dlnara .0162
Spain, pesetas 1.10,1
Sweden, kroner 2502
Switzerland, francs 19,10
China-Hongkong, local currency... .5.17.1
Shanghai, taels 7750
Japan, yen 4850
NEW YORK, Jan. 11. Foreign exchange
irregular. Great Britain, demand $4.22.
cables 14.23; France, demand 8.30, ca
bles 8.31; Italy, demand 4 32, cables
4.32; Belgium, demand 7.97. cables
7 98; Germany, demand 36. cables 57;
Holland, demand 36.74, cables 38.80; Nor
way, demand 15.15; Sweden. demand
24.90; Denmark, demand 19.80; Switzer
land, demand 19.37; Spain, demand 14.98;
Greece, demand 4.37; Argentina, demand
The Investor
and the Income Tax
A 64-page, book devoted exclu
sively to the Income Tax problems
confronting the Investor or trader
In stocks and bonds.
This book Is concise written In
simple, understandable language
contains sections of the Rev
enue Act of 1921 regulations and
rulings of the Treasury Depart
ment findings of the United
States Supreme Court, carefully
prepared by a firm of Certified
Public Accountants (N. Y.) all
bearing- on stock and bond trans
actions. It is written in question
and answer form, illustrated with
many specific examples. It will he
Issued In a convenient pocket size
and will also include several pages
of forms for listing your stock
transactions.
It Is the book Investors hare
wanted for years and we will be
pleased to send Investors or trad
ers a copy without cost.
McCall, Riley & Co.
Members Consolidated
Stock Kxchangje of New York.
.0 Broad (St., Vw York
Bid
Wanted
10 Shares
Title & Trust Co. Stock
50 Shares Pref.
30 Shares Com..
Indust. Loan & Inv. Co.
AL 354, Oregonian
VEAL 16c PER POUND
Market Very Firm. Rush All You i
Can Get.
JACK RABBITS i
Bash All You Can. Market Very
Firm. t
THE SH1.VAR CO., IC
100 Front St, fortland. Or. fc
M
Tax Exempt
unicipal Bonds
We Own and Offer:
Rate Maturity Yield
Pocatello (Idaho) Improvement 7.00 1925-31 7.00
Ephrata (Wash.) Genl Obligat'n Water 6.00 1926-35 6.00
Lake County (Oregon) School 6.00 1941 5.90
Crook County (Oregon) Road.. 6.00 1934-39 5.40
Douglas County (Oregon) Road 4.50 1924 5.10
Western Bond & Mortgage Company
80 Fourth Street Portland, Or.
Ground Floor, Board of Trade BIdg. TeL Bdwy. 6464
3.162; Brazil, demand 13 00; Montreal,
Us'.
Standard Oil Storks.
Standard Oil stocks at New York, fur
nished by Overbeck & Cooke company of
Portland:
Bid. Ask.
Angio 16 17
Horns fycryemer S-S SfiO
Kuckeye 8" 87
Cheese.horouKh ISO 1
Oheeeborou-h pfd 103 1"7
Continental 12.1 lS
"reseent 27 29
Cumberland 120 130
Kureka 79 81
Galena com 40 42
Galena Old pfd 104 107
(ialena New pfd 100 10VS
Illinois Pipe 162 16
Indiana Pipe 83 85
Nat'l Transit 2 29
N T Transit 10 144
Northern Pipe 0
Ohio Oil 2M 260
International Pete 14 IS
Penn Mex 16 IB
I'ralrle Oil 520 5m)
Prairie Pipe 223 229
Solar Refg 3515 3."0
Southern Pipe 75 77
South Pen Oil 17D 10
S W Penn Oil 50 54
S O Ind MH 84
S O Kansas 510 570
3 O Kentucky 43T 44i
SONY 346 M)
S O Ohio 3SO 3K0
S O Ohio pfd 114 115
Swan & Finch 30 40
Vacuum 297 3i2
Washington 30 S3
8 O Nebraska 1 170
Imperial Oil 102 104
Money. Silver, Etc.
NEW" YORK, Jan. 11. Call money easy;
high, 3tt per cent; low, 8f4; ruling rate,
SM: closing bid, 3; offered at 3 is; last
loan, SVi.
Time loans easy; 60 days. 4ft per cent;
90 days, 41 six months. 4V4.
Prime mercantile paper, 4&5 per cent.
Mexican dollars. 5044C.
Foreign Bar Silver.
LONDON. Jan. 11. Bar silver. SSi
per ounce. Money, 2 per cent. Discount
rates short bills 3"4 per cent; three
months bills. 3 7-163"4 percent.
FLOUR PU8CWISES LM1EE
IVIIKAT HAS SHARP ADVANCE
IX CHICAGO MARKET.
all of the so-called distressed flour has
been cleaned up for export and although
there was no evidence of foreign buying
of wheat today It Is expected that some
governmental orders are to be placed very
shortly.. In analyzing the prospective sit
uation, the possibility of a tremendous
flour demand for domestic consumption
should receive more consideration than
any other factor. We believe the buying
of wheat to fill these sales will soon as
sert Itself In the market.
Corn The market was a strong one
throughout the session with buying some
what more aggressive and hedging sales
readily absorbed. Receipts of 375 cars met
a good demand at advance of about one
half cent compared with the futures. With
hogs holding well above the $3 level, there
Is little incentive to sell corn.
Oats Trade was of moderate propor
tions, but the market was strong, with
sentiment Inclined to the constructive side.
The cash demand and spot basis were
fractionally higher. Shipping sales of
B0.04M) bushels were reported. We recom
mend Investment purchases at present
prices.
Rye Leading- elevator Interests were
conspicuous on the buying side and this
market gave a good account of Itself.
There was little doing in the cash de
partment, but No. 2 rye was firm at 5
cents under May. ,
Leading1 futures ranged as follows: -
WHEAT.
Open. High. Low. Close.
May l.on SI. 10;, $l.iM $1.10
July 9 1.00 .08 .
CORN.
May 52T .53H .52v, .53
July .. .54 b .54 .Oli, .54 3s
OATS.
May SS .88 H .SS .31
July 38 .3a .38 .39 s
MESS PORK.
Jsn 15.50
May 10.67
LARD.
March.. 905 9.17 9.05 17 .
May 9.25 9.37 .2i 9.37
SHORT RIBS.
Jan 8.15
May 8.20 8.25 8.20 8.25
yellow
No. 3
Liberal Foreign Buying Reported
on Recent Break Coarse
Grains Also Firmer.
CHICAGO, Jan. 11. Wheat scored a
material advance in price today, helped by
gossip that foreigners were purchasing fu
ture aenveries ana that a large export
buslnes in flour was under way. Wheat
closed strong. lc to 2Vc net higher,
with May $1.10 to $1.10-J, and July
c to $1. Corn gained c to
-)c. oats He to c and provisions
10c to 1.1c.
Strength In wheat at first was based to
a considerable extent on the fact that no
confirmation had been obtained for yes
terday's reports that several French banks
were In trouble. Higher prices for wheat
and some broadening of the market was
also ascribed to talk that Germany had
taken 7.000.000 bushels of Argentine
wheat In the last two weeks and that
Japan had taken more than 1,000,000
bushels of Pacific coast wheat. Including
Canadian, on the recent break. Closing
prices were at the day's top level.
Corn and oats were 71rmer In sympathy
with wheat and as a result of continued
active buying of corn.
Provisions followed upturns In the value
of grain and hogs.
The Chicago grain letter received vester-
day by the Overbeck A Cooke company of
Portland follows:
Wheat Sellers of yesterday were the
best Duyers today and It was quite appar
ent that many in the trade who have
lately maintained bearish ideas were In
clined to alter their position because of
the change in the general tone of impor
tant news items. The bugaboo for the
past few days has been the bearish for
eign advices which we have persistently
claimed must sooner or later be sup
planted by domestic conditions. Judging
from the action of the market today and
the numerous mesages received telling at
a broadened flour demand, that time Is
now at hand. Minneapolis, Kansas City,
St. Louis and Interior points reported more
flour bulnesa being done than at any time
this sesson. The seaboard advised that '
Cash prices were:
Wheat No. 3, hard. $1.05.
Corn No. 2 mixed, 4Slc; No. 2
48 H &49c.
Oats No. 2 white, 30t37c;
white. 33 V, e.ttlc.
Rye Nominal.
Barley 54 to 60c.
Timothy seed $5fffl.25.
Clover seed $12.5U&18.50.
Pork Nominal.
Lard $9.02.
Ribs $7.028.2.
Primary Receipts. .
CHICAGO. Jan. 11. Prlmsry receipts
Wheat 6114.000 bushels, vs. 829,000 bushels.
Corn 1.982.000 bushels, va 1.137.000 bush
els. Oats 572,tK bushels, va 708.000
bushels.
Shipments Wheat 452.OO0 bushels, vs.
756,000 bushels. Corn 933. 000 busheis. vs.
721.000 bushels. Oats 531,000 bushels, va
516.000 bushels.
Car lots Minneapolis Wheat 221, corn
48. oats 56, barley 16. rye 11; Duiuth,
wheat 65, corn 66. oats 16. barley 3. rye
36; Winnipeg, wheat 183, oats. 24, barley
4, rye 2; Kansas City, wheat 104, corn 37,
oats 12; Omaha, wheat 8; St. Louis, wheat
24, corn 120, oats 46.
Minneapolis Grain Market.
MINNEAPOLIS, Jan. 11. Cash wheat.
No. 1 northern. $1.26H f l.so V ; No. 2,
J1.22H 1254 ; No. 8, $1.14 1.20H ; No.
1 dark northern. $1.28 (g 1.33 : No. 2.
$1.25sj 91.81: No. 8. $1.16 Wl. 25; No.
1 dark hard Montana. $1.20 1.2s ; No.
1 hard Montana. $1.21 1.2.1 .
Corn, No. 2 yellow, 4243c.
Barley. 4038c.
Flax, No. 1, $2.01 2.08.
Futures, wheat, May, $1.18; July,
$1.13.
New York Grain Market.
NEW YORK, Jan. 11. Wheat, spot
firm; No. 2 red, $1.20; No. 2 hard, $1.19;
No. 1 Manitoba, $1.26, and No. 2 mixed
durum, $1.09 c. L f. track New York to
arrive.
Corn, spot steady; No. 2 yellow. 63 c;
No. 2 white. 66c and No. 2 mixed, 65 c
c. I. f. New York all rail.
Oats, spot steady; No. 2 white, 47
7c.
Winnipeg Grain Market.
WINNIPEG, Jan. 11. Cash wheat No.
1 northern, $1.12;. No. 2, $1.07; No. 8,
97c; No. 4. 91c; No. 5. 84c.
Futures, May, $1.03; July, $1.06.
We own and
offer, subject to
prior sale or advance
in price
$110,000
Morrow County, Or.
5Y2 Road Bonds
General obligation of county.
Dated Nov. 1, 1919 Due Nov. 1, 1929
Denominations $500, $1000
Financial Statement-
Asscssed Valuation, 1921 $13,356,629
Actual Valuation 26,713,258
Bonded debt (this issue only) 290,000
Morrow county, with its area of 2025 square miles, is almost identical in size
as the state of Delaware. It is essentially an agricultural and livestock coun
try. The 1921 wheat crop totaled more than 2,000,000 bushels and the wool
clip exceeded 2,250,000 pounds. The cattle industry likewise is well developed
and dairying and diversified farming are on the increase.
Out of a total population of 5617 (1920 census) 88 are American born and of
The remainder one-third are French and two-thirds Canadians, Germans and
Scandinavians.
There are 64.93 miles of railroad within the county, including the main line of
the O.-W. R. & N. and a branch line into Heppner, the county seat. Water
transportation is afforded by the Columbia river.
These bonds are issued to forward
permanent road construction and
CONSTITUTE THE COUNTY'S ONLY BONDED DEBT '
Income Tax Exempt Legal Investment for Savings Banks in Oregon
Eligible to secure public funds in Oregon
Legality approved by
.Teal, Minor and Wmfree, Attorneys, Portland, Oregon
Price 102.40 and Accrued Interest to Yield 5l&
Freeman, Smith & Camp Co.
Lumbermens Trust Co. Bank
Ralph Schneelock Co.
tame oat, $15019-: wild eat $1113; al
falfa, $1316; stock. $9012; straw, $10
it 12.
Read The Oreimiiii-a.n dagilflel ari.s..
Grain at San Francisco.
SAN FRANCISCO. Jan. 11. Grain
Wheat, mllllnn. 1.8S1.S; feed, $1.85
1.93: barley feed, $1.251.30; shipping,
$1.301.40; oats, red feed, $1.40 1.60 ;
corn, white Egyptian. $1.72 ft 1.77 V4 ; red
mllo. $1.4L"4 1.43.
Hay heat. 171!; fslr, $141MT;
JOHN PURSE & CO.
CONSULTING PUBLIC
ACCOUNTANTS AND AUDITORS
811 AKTISANS BI ILI11NG.
Broadway 2833.
Ilaiance Sheets. Income Tax
Financial Examinations
OVER
SUBSCRIBED
1
BY
MORE THAN $425,000.00
WE THEREFORE OFFICIALLY ANNOUNCE
NO MORE STOCK FOR SALE IN
DURANT MOTOR CO. OF CALIF.
It is exceedingly gratifying to us to know that 4183 people on the Pacific
Coast became partners and that over 470 more were willing had we the stock
to sell them, which shows two things in our industry. One that we offered
a highly desirable investment to the public who were quick to see its merits.
Second that the public consider the Durant organization as America's fore
most BUILDERS OF INDUSTRY
To our partners, we extend our sincere appreciation of the confidence they
displayed in our ability, and assure them of the successful and efficient ad
ministration of our Company, making it a pride to the Pacific Coast and a
very profitable investment to them.
To those too late to become partners in this industry, we may be able to offer
a partnership in
The Durant Motors Inc.
as we have been able to secure a limited quantity of this issue at a price far
below its present market price, provided, however, there is any left after it has
been offered to our present partners, as they will have first call on the entire
limited quantity. It is therefore necessary for those desiring to avail them
selves of this privilege to advise us at once by mailing in the coupon below, as
orders will be filled according to the date received. These shares are restricted
to not more than twenty shares, nor less than five shares to any one person,
and must be purchased on the easy partial payment plan. (No interest
charged.)
For full particulars clip, sign and mail.
NAME
STREET ADDRESS.
CITY STATE.
Are you a Durant Partner?
THE DURANT CORPORATION
Portland, Or.
1037 N. W. Nat. Bank Bids.
Main 5804
N. T. 1
We offer for
Your. Investment
Security Rate Maturity Price
DOMINION OF CANADA 3.00 19C2 61.50
Guaranteed G. T. P. Ry.
DOMINION OF CANADA 4.00Te 19G2 77.50
Guaranteed G. T. P. Ry.
REPUBLIC OF URUGUAY 5.00 1938 63.75
Loan of 1911
GRAND TRUNK PACIFIC R. R 4,00 19o5 64.50
Dom. Obligation L. S. Div.
GRAND TRUNK TACIFIC R. R 4.00 1955 63.00
M. & P. Div. Dem. obligation
REPUBLIC OF ARGENTINA 5.00 1945 72.75
Internal Loan of 1909
BRAZIL LOAN OF 1913.... 5.00 Drawings 54.7S
BRAZIL LOAN OF 195 ; 5.00 Drawing-s 57.00
BRAZIL LOAN OF 1889 4.00 Drawings 44.75
REPUBLIC OF COSTA RICA 5.00 1953 53.75
Loan of 1911
KINGDOM OF NORWAY 3.50 Drawings 47.00
Issue of 1904 and 1906
CITY OF REGINA, SASK 5.00 1921) 80.83
PROVINCE OF ALBERTA 4.50 1924 95.86
PORT OF ASTORIA, OREGON 6.00 1925 99.23
A. F. BERNSTEIN & CO.
536 NORTHWESTERN BANK BLDG.
Slain 2672 Portland
Phone or wire orders at our expense
Tillamook County Bonds
The "Business Man" who wants "quick
asset" investment, Income Tax Exemption
and a bond on which he can borrow at a
moment's notice wants this bond.
The "WeIl-to-Do," who want the highest
type of security, long maturity and exemp
tion from State and Government tax want
this bond.
The "Every-Day Man," who counts safety
first of all who wants some funds invested
in the best-to-be-had wants this bond.
You can buy these bonds, while they last
To Yield 5
G. E. MILLER & COMPANY
Portland-Seattle
.4B
2d Floor Northwestern Bank BIdg,
imiiiii.im uiij.i.jii.i'PHllLiaiK.lll I
Main 4193
PUTS and CALLS
(Guaranteed)
-Thn Untent Way to Trade."
Yon Can't I'lay the liuine From
the Side Linen Now is the time to
buy 3'i-day calls to pari iripate in
the vlRorous upward swing which
the market Bhould enjoy.
Remember, no margin calls or In
terest charsres and no commission
unlfFS closed at a profit.
Write for booklet "How to Trade
in Puts and Calls."
Prompt attention to mall orders.
WATSON & COMPANY
iBTfRtmfnt Semrlttea,
) D3S Stork Kiraansr nulldinf;.
HERRIN& RHODES, Inc.
rlhllshe1 1!
STOCKS, BONDS,
COTTON, GRAIN
Corraapnndi-nls K. F. 1IUTTON A CO, N. T.
Members all leading sxchiincos
Hnbson' Service a Kile.
Main S83 ml lUUxm t,iohaii(. Mi)),
WeBuyP.R.L.&P.
8 Gold Notes
UNION S. D. & TRUST CO.
S!4 Oak St,
X
I. OS Anicelcai Lai.
i