tut: aioisxixc oregoxiax, Tuesday,
FEBRUARY 7, 1922
STOCKS FIRM AT CLOSE
X)RIVE AGAINST SHORTS IX
WALIi STlttaiT COXTIXl'ES.
Xew Bond Issue of Great Northern
Successfully Floated Liberty
Ilouds Are Easier.
NIW YORK. Feb. 6 Ths ortvs MilMl
ths short interest la ths s'ock market wM
vigorous: resumed St ths outset of to
days tradlnc. bat lost soms of Its fore
Ister in the abaenes ot mors than a mod
srats public followinc.
. ipecu.atlve favorites of the equipment.
OU, sr..ppins sad food divisions wers used
or bu.l pons to d.s!ode ths bears, as
were textiles, tobaccos and chemirais.
Ra:!i of the cheaper crad supplemented
tbeir lrreiruisr a.ivane.
Steels were unaffected by contradictory
rumors recaxdir.c tne progress of ths pro
posed meneer of independent comoanle
but Ciuetl-Peabody, vbleh recently
amerced from obscurity, broke sharply as
a result of its poor axninsa. caia frers
jo ouo snares.
altxed conditions prevailed In ths oil
trade, as wss indicated by a 1-cent ad
vance in Indiana aasollas prices and
2 it cat for tn same product la New
1... Jk r. 1.
Ieve.opmenl of a reneral character
malalr favored tba constructivs side:
did also ths tons of ths money market
and foreign exchanges. Weatera centers
rsported a better Investment inquiry an
further (aina la railroad tonnage, dus
ianrsly to Increased grain export
Heavy accessions to local reserves of
latsnor banks soon forced ths openim
rats of eaU loans dowa from a to a per
cant oa ths sschanss and to 4 W Per cen
la private offering. Time funds vers
unaltered, however. per cent betas' de
manded for long-time maturitlea
Exchange oa LonUoa eased only ailghtly
from to alia record of tha last two and
a half rears, made last Saturday, th
reaction betng ascribed to profit-taking by
speculative interests. Other remittances,
notably ths French and Belgian rates.
ware strong. Swiss, tpaalsh and Greek
Bills also d. splaying rirrcn
liberty bonds recorded further reces
sions in connection with Vlsshington ad
vices respecting soldier bonua legislation.
Aaide from the strength shown by varlou
Junior railroad bonds. Interest ia thst mar-
kst centered around ths auccessful xiota
tloa ot ths Grest Northern railway issue.
Total sales of bonds, par vaiua, aggre-
gated ii.3ia,uav.
CLOSIXO 6TOCK QUOTATIONS.
'Furnished by Oversees: afc Cooke com-
but of lortiand.)
c-siea.
3'Hi
Adsms Express
Advance Kum.
Agr Chem....
do pfd
AJsx Kubber..
AtAAka Go.d..
Alaska Juneaa
Allied ' ti --m . .
1.3"
tma
High. "Low.
srw)
Aliis-Chalmers .o
do DM
Am Ftert Sug
Am Bosch....
Am Csn Co. ..
do pfd
Am Car at Fdy
!MO
S'-O
4"0
loo
1.3O0
14',
fa
"si""
4'1
V2
S7
sa4
ltd
14
Sli
s
"bs
S-.H
so
148
Hid.
r4
14
on
15 .
a
884
14T
do pM 11a
SO
"iii
is
ati
Sli
Am Cot Oil... 7U0 20H
do pfd .....
Am Iiriif Svd l.iwo
Am 111 at Llh .!') 1.3,
do pfd Jl Ti,
Am Ice S.Ort 3H
Am Intl Corp. I.T.k) 43
Am Linseed.. 1.1U0 3Vs
do pTd
Am Loco J 7.300 110 107
do pfd ,
Am Saf Kaxnr ..... .....
Am A I'om S.OOrt
Am Smelter.. '
do pf.l 4.K)
Am S:eel Fdy ?-
Am fiitir ... 1.4"t
do pf.l -'!"
Am Sumatra.. 2.3'Ml
Am Tl a- Tel l.-'.
Am Tobacco.. S-m
Am Tobacco B 4im
Am Wei .... S.l"
do pfd .... l"l
Am V F T.M.. IwO
Am Zinc ....
Anacon.ia ... 2.400
Assd (HI
Atchison .... 3.400
do pfd
Atl O f A 3V I 4.4.10
XhSldwln Loco 3tt,M-0
do ofd....
I5a to A- Ohio.
do pf.l
"Path Steel B.
i"oo:h Fish...
Tt R T
Jtutte C A Z.
Tutte AVup..
Hurna Ttroa...
Caddo il ...
Calif Packing
Calif P-t ....
do r-f'l-
Canadian Pac
Cen Leather..
Cerre ds I'aco
Chandler Mot
Chao J w.. 11
Chso Ot. W.. l.
d- pfl.....
Chill Cop
cti'.no
C M ft P...
do tM . . . . .
Cwa Cola
c o. . .. ...
Colo F I . . .
Colo- Southern
Col O Kic.
Columhla Grap
Con Ca
Cons Clears..
do pM
CwntI Can
Cities Pre Ttnk
Corn Prod . .
do pf J . . . .
tVsden Oil..
C R I P. .
do ' pfd.
do !' Jfd.
Crn-lb!-
d pfd
Cof-a Cane...
do pfd
Cu ha n Am Par
rvl Ho.l-on.
Ivme Mines...
TV1 Lack..
Tavlaon Chem
r'ndi Johnson.
Krio
do 1t pf 1. .
Flee P'or Pty
Fam Plsvers.
Fed M Smel
do ff.l
Flak Tire
Oaaton W ma. .
r..n C'esrs
Oen T.Wc
Cen M.itor....
C!en AMn . .
too
RimI
'V
4 TOO
- mo
l.fioo
Hoo
Mm)
4"
pno
7
4.300
' V.3ort
T.oort
4.x
,7iw
S 4w
l.-MW
1 ,VM
S.IKX
S ort
TOO
a.o
2M
7..VM)
1X
10
4. B"
. 1 Ottrt
7V
auft
2-0
T.4
I 7i
B 4-
rwi
1 ?oo
5. JO
4a
"lis
S3
'l
2!i
11"
13H
in-'-.
M.
1"!
27H
"49.
'bi"
104
11
3SH
r.iv,
'I
71?s
71
494
S3 h
SI'.
1
174
?7
1
32a
44t
Mis
17
4rt
7rt
4
MS
1
1!4
S34
.4
74 H
8?v.
II)
?4
1
111
It's
ltstj
?4
I
ID
14&
144
1 .
7O0
"i'eoA
? 1 .w
1.1 IXW
1 Ml
13
4A
-'
37 V
An
S2
811
MS
IS a.
US
13--14
S3
lot
27H
4S
"ioii
"271,
1"! W
ion
.34
RS
61!
9? 5
iT4
11 li
TO H
4S"4
i?3" "
".
S3
3',
c
18
IHt
?H
114
32
44 H
MS
!i
SO '4
e
e
1
?S
M4
1(
114
SI
Si4
74
24
1
MS
1
lit
11314
si 14
a
134
143
79 4
1S4
Cen Asphalt.. Srv
0,ndrlch .... l.lOO
0vdvear .... ......
Oranhv
Ot Nor Cre... W .33 H
do pffl 1.41X1 74 4
Cene Cana.. 1. ?7i,
Cu'f S Stee-... o.liWi 744
Houston Oil.. ? .x 77 S
lluop Motor.. "K"0 14
Ills Central... MX 101
Inanlration ... S
n At cor com
do pfd 1iv 3.1
Interboro .... w SH
do pf-1 tw-1
Tntcr Callahan H (114
lnt lfrv 1 8
lnt M r Mar. ! : 1'4
do rf.1 1 B.X1 71
Tot Wket 1 .xx
Ttit Pliwf.... 1 rti1 Mil
livlnclb'e Oil S " US
T.land Oil 4 Jx l
Jw-1 Tea.... e 13ta
K " 5 -n'hern. l.x C3
rt- r'1 Siv si4
Tre-lv-Sref J . 5TM S
Vennec.-tt 13 10.1 J
Kevatore Tire 4 X1 17V,
laclc Steel... 1 0 44
I... Tire 7.X1 IT4
l.eh"ch Val... ! oo )
Lorillar-I .... ..... ......
l.c-r- Thea.... 1 ?-XJ 1 ' H
t V ?xi 114 S
Mt-lanl CM. . 1 4- IM4
''tn Psrry 10 To S3
Mil Stores .. J'X 1l--v
yi-x ret 1300
l-nrr-l -o.
Mi l Stair. O l T f0 1214
M'("va'e t'. 4 7on
M K T Wl Cixi
do r'd s 400
M t P-wrr
Mini 33 srd. ..1 "''O
to Pac 2 .vwi
d r'd S.4i0
M St P S S M
Nor A-n .... 2 S.X1
Nat I'leruit
Nat Knert.e;.. J.7.X1
Nat l-ea-1 VX
NVva li Con . . 7.X1
Vew Tlavn... 19 SoO
No-fo'i, A W. 18.10
N-r Pac 3.400
Not- Sco Stl
N T A r Brks x
V T rn 2
Ok s Pro-1 ret 4O0
Out Sl er. . . . ...
Ont A 3V 1
rv Stee! 1.X1
Pac ! S.x
Pac Oas Fl . S.xl
Punta Allegro 1 o.w
Pac Ol'. 7 !X1
Pan Ati Pet.. 3 'X
, do "B" 2 J.x)
Penna ....... 3 5x
P-o (! 1 7)
Ters Mars... !4
Pure Oil 2 1.x
.'tulips Fete. 100
30-.
27 H
"iiii
1H
4-.' '-a
'.33 3,
"i-M,
14S
1H
in. ,
7Si .
"io"
7H
2'-
'ili.
11
34
4
37i
47--s
S3
474
34 Vs
71
f V.
S34
Sua '
14.! 4
n4
3
. 34
73ti
rra,
7?S
7.34
134
l'X
S4
S8''
.3
m
S34
"
OBV,
11! 4
4W
14.
:s
10 34
;n
S4S
S7
;
1
V
ITVi
"iit4
Ilia
!"1
31 X,
I1T14
114 V.
r4
ii
3.1 14
281,
"itvi
174
4S S
"si"
.....
I
nt
1714
100
77H
"ss 14'
73 H
24
"ii h
11
s4
44
S8-4
484
S-'V.
48
3.3 1,
70 14
00 s
33V4
2014
e
144
67 C
34
4.1
oa
108V4
111)
4
48V,
tl
32.
88 Vi
24
11.. v,
138H4
R3
104
27 Vi
in
40
Oi4
Hi. a.
MV,
1112 14
10.-1
S4 34
II.314
6'.' '4
81
101.
34
57 V.
117
11
70S
4S14
S3 H
12.34
33 4
334
834
C '4
8'-18
1834
28 Vj
1"
44 14
M4
2814
3t4
81" S
2
0S
23
.ve
S3H
1
1J4
114
.3334
.3314
88
74
824
S2
BH
23 14
1 V
lii4
23
112
81M
em
3k
14S
144
7K34
n
84
148 14
Vi
4.3 V,
82 i
31.
lN
IT
344
74
28
7214
75
14
IOI
34
a
88
3
8H
S4
IS
184
71S
12S
4X
1414
IS
12V
23 V,
.34 14
SV4
2v,
18V
7 H
24 14
Vi
1.31
"I
114
23 V
?2
107Vj
113
28 V
12V
SOV
v,
27 V
eV
14V
1V
4S V4
8.3
S34
132.
42
1
14V4
1SV
100 v
SV
JV
2V4
41s
SI
II
sv
84
37
48V
62V
48 S
34 V
70 V
21V
S5V
SO.
Pierce Arrow.
Pierce Oil....
Pitts Coal . . .
, Pitts A W Vs
i r sti ir. ...
Pullman .....
Ray Cons- ....
Reading .....
Remington
Repiogie SU. .
Kep 1 S....
do pfd.....
Rep Motors..
Roy Dutch Oil
Ry Stl Spg...
Saxon Motors.
Sears Roe
Sliattuck. Aria
Shell T T..
Sinclair .....
8td Oil Ind...
Std Oil X J..
Hloss Sh-f ...
Sou- Pacific ..
Son Hv
' Ptnd Oil Cal.
s: L a e F. ..
blromb Carb..
Sludebaker ..
8rift Co.. .
Ten Cop Ch
Texas Oil ....
Texas Psc ...
Tx Pso C O
Tob Prod
Tran Cont Oil
I nion Oil Del
Union Psc ...
Vmted Alloy..
I'ftlted Drur. .
I'nt Fd Prod
United Fruit..
U S C I Pipe.
Union BAP.
Untd Ret Ftre
U S In Alohol
V a Rub
do 1st pfd..
U P Sme.ting.
U S Steel
do pfd ....
Utah Copper..
Ya chem ....
do pfd ....
Vanadium PtU
Vtvandou ....
Wabaeh
do A PM..
do B pfd...
Weils Fargo .
Western pac.
do pfd ....
Western TJnion
Wsthse BAM
West ltd ....
White Motors.
Willys-Over ..
do Dfd
Wilson Pack..
3Voolworth ...
wtcton Pump
in c a. Id....
White Oil ...
TJ 8 Js rer. ..."
do con...'
do 4s. reg .
do cv 4s cou
Pan 3s. reg ..'
do 3s. cou .
A T A T cv as
Atchen gsn 4s.
l A Rio coa 4s
.40
l.aoo
13 H
13H
is
500
1.100
.x)
1 .300
8.41
2.H
J.0
IOO
i 21.0
4 40
1,2. HI
4.oa
10
T.0U0
244
47
113
14Vi
74 14
31 '4
30 V4
53 3.
ti
64
61 a
i
2
4V4
8V4
Ssv,
Wis
24 V4
65 ,
118
14V4
73
31 V4
SO Vi
634
C4
8
B0H
2.
62 V
8V4
88 V,
1?S
1.000
io
T.0.X)
a.8'.o
1.8r
I.80O
61 X)
33,100
Vioo
700
8.900
33.3110
2.010
e.tMxi
(.200
1.4.X
1.4"0
liH)
ll.&ou
.3.10
12,300
4O0
.e.io
1 .
B.400
200
200
13.20O
1.8a X)
2.2'X
1.300
Vioo
l'M
1.20O
1.7U0
ISO 44
41
S2V4
isv,
22 T4
4U-4
H3 V
101 V,
11 V
4.3
311 V
28 V
4V
10V,
2" V,
129 3,
23
69
1S4.
23
64
58 i
44V
B.'.V
9Va
S3
(.74
118V,
MS
S1V
"134
ti
179
41
t.134
1SV
3V
22 V
40",
61 V
HX v,
10V
4.3.',
2VV
1TV
63 Vj
v
1V
128 Vi
27 V.
69
44
134 V,
3V
87 V,
5.3 V,
43 V.
54 V
9 V
34V
88!,
118
62 V
3oV,
634
6V,
20
200 HI 13"4
IOO !2V4 52 V.
800 9r34 OVi
3.7. X) 53 V 63
70 8 8(
1,300 40 311V
600 54 5 V
2'X 27 V 27
1.0'X) SSV. 32
HX) 1.3214 15234
"2.21X1 47 V 4V
2.SO0 7V 634
1.4O0 S, 9
BONDS.
101 Vji T Cen deb 6s. 99 H
lOlViNor Pan 4s .... 84V
104 S 'Nor Pac S.a 60
HMV 'Pso TAT 5s. . 944
33 V IPennsyl on 44s P4 4i
825, South Pac cv 5s 96
111 'South Kail 5s.. W0V4
SSU Union Pac 4s... 914
74V4.U S Steel 6s....loi4
13V4
V4
69 Vj
24 V
88 V,
118 V
14V
73V
31 V
30 v,
53V
84
5i
50V
88 '4
2V
63 V,
8V
88 V
19 V
87V
178
40 V
82 V
1V
9.314
22 V
40
93 V
101 V,
11
43
8OV4
23 V
CSV
v
19 V
123V
26V
69V
4V
134
22 vi
67 V
55 V
44
65
99 V
34 V
87
11.3V
62 V
3o is
OS
85
64
6 V
20
13 V
80 V
13V
62V
80
53 V
8i
89
5V
26 V
S3 V4
1S2
48
7V
ll
B14.
Liberty Bond Quotations.
Liberty bond and victory bond
tlona at New York as furnished by
Deck s dooke company of Portland
open. High. Low,
Liberty 84s
do 1st 4S
do 2d 4s
do 1st 4 Vis ... 96.16
do 2d 4.1 ... 98 08
do 3d 4Va ... 97 16
do 4th 4Vs .. 66.24
Victory, 4.s
85.20 85.20 95.10
86 SO
86.0S
87 16
96 28
100 24 100.24
88.02
85.84
95?2
100.20
quota-
Over-Close.
95.10
96.00
95 90
98.10
96.00
07.10
96 10
100.20
100.20
do Sis 100.24 100.24 100.20
I Mining Stock at Boston.
BOSTON. Feb. . Closlnr ouotations
Allouex 29 INorth Butts ... 1214
Arts Com 84 Old Dominion ..25V
Cal A Aril no KJsceola 344
Cal A- Hocla...273 luulncr 43
Centennial .... 12VlSuperior 2V
Cop Rg Coa Co 44 ISup A Bos Mia. IV
rranK;:n ...... 1 Shannon ....... 1
Isle Roy (Cop). 24 V Utah Con . .... IV
Lake con ..... z y. 'Winona ........ 4U
Mohawk 56 (Wolverine 11
Swift Co. Stacks.
Closlnr brices of Swift A Co. stocks at
Chicago were reported by tne uveroeck A
VT.oke company of Portland as follows:
Swift A Co 101
Lrbby. McNeil ft Ljbby 54
National Leather 2V
Swift Internation 20 V
Money, Silver, Etc.
NEW YORK. Feb. 6. Call money, firm.
high. 5V: low, 5; ruling rate, 5V; dosing
bid, 4V; offered at 51 last loan. a.
Time loans, firm: 0 days. 4V4T5; 80
sys. 4Vt5: six months. 4Vtr5.
Prime mercantile, paper. 4Var5.
Foreign bar silver 600.
Mexican dollars, 50 Vc, v
LOXDOS, Feb. . Bar sliver S44d per
ounce. Money 2 per cent. Miscount rates
tihort and three months 3 7-16 per cent.
New York Bonds.
New Tork bond quotations furnished by
Hernn tt Rhodes, ln. of Portland:
Maturity, price
101 V
102V
lul -,
98 7,
102 V
89
79 '4
loov
lllOV
101 V
lol v
106 V
97 '4
loo V
106
loS
103
97 V
96 V,
8 V
1118
106 V
I1.854
67
110V4
101 v
IDS 1,
llHIV
101 V
102 V
104
104
1.12V
11)7 V
108 V
107 V
104
1104
ft
103 V
1"7V
994
1V
64V
92
102 V
102 V
V
mils
l.K) v
106 14
109 v
107 V
1..7 V
1..7V
Am Tob 7s 1922
Am Tob 7s H'23
Anaconda 7s B 129
Anaconda 6s A 129
Armour cv 7s ....lollO.
Armour 4Vis 139
Argesitlne til 3, 1945
Am Ag Chm 7V l"4l
Hettl S-teet 7s 1922
lieth Steel 7s ........ .e. ..... 1923
Hoth Steel Ei Ts l'JHS
lie glum Ext 7V 1145
ltelgium 69 . .............. 1925
Belgium sa 140
H.-rc.-n 8s. City of 1915
Heme 8s. City of 1945
Uraxll Ss l4l
Canadian 5s l'-'O
Canadian 5s 1931
Canadian Ba 13T
Can Nat Eq 7s 13
Chi A N-W 8V l!'-3
Chicago. N-W 7 I960
C M St P gnrf 4V A 2014
Can Nor 7s 1"4I
Chile 8s 141
Christiana 8s, City of 1945
Copper Exp 8a .............. .1022
Copper- Etp 8s l!'-'3
Copper Exp Ss .............. .1924
Copper ilxp 8 .1125
Cuban Amer. Sugar 8a 1031
Con Oas cv 7s ............... I025
I)la Mstch TVa I"3 3
Denmark 8s 145
Ixanish Mun Ba 145
Oupont 7Vs l"3l
virand rmnx s .............
C.wdrlch 7s 125
vloouyesr 8e 1141
Gulf Oil 7s 1H.H3
Great Northern Is lull
Hershey 7Va 1930
Humble Oil 7s 1023
lnt Rap Tr rvf 5a liMlrt
lnt Mar CT 6s 1941
Kelly Springfield 8s ll'3l
Kennecott 7s 1930
Llbby McNeil A Llbby 7s lu.31
Morris A Co 7Vs 19.30
Mexican Pete ss 1938
NYC call 7s ll.no
Norwsy 8s sj''40
S P A G N (Jnt) V "Ml
N P ,s 2047
Vo.Xwot Tl 7a 11)41
a.
Casli your Convictions
You believe the French people are the thriftiest nation on earth.
John Moody, the foremost financial adviser in America, says
in his January report:
"France has reduced her currency inflation during; the past twelve months
in a most aggressive manner; she has retired nearly 10 of her circulating
notes in one short, troubled year. She has also reduced her foreign debt to
a remarkable extent; has curtailed her imports and practically balanced her
foreign trade figures for the year ... her revenues from taxes have
undergone a further remarkable increase, and during 1921, the total receipts
(aside from loans) of the Frentii Republic, equalled 23,000,000,000 francs,
as compared virith about 19,000,000,000 in 1920, about 11,000,000,000 in 1919,
and only about 6,000,000,000 during the war years. No other nation
has shown such decided progress in increasing its real revenues as has .
France
Read what Marcosson says about "France and the Future" in
last week's Saturday Evening Post. Read carefully what he
says about the
'undoubtable financial strength of France; the great masses of the people
still having their nest eggs; the immense potential wealth of France in the
private hands of the populace, hoards of cash and bonds; this habit of hoard
ing of coin in their excess of thrift being a deterrent in the rising of the
. French franc in the international exchange market,' regardless of which the
French franc showed the greatest percentage of improvement during 1921,
- - having made a recovery of 36.
Read the editorial in last Friday's Portland Telegram cap
tioned "France's Stability" Read what that says about the
political, financial and economic conditions in France:
"There are 10,000,000 people in France who are owners of real estate, nearly
one-third of the entire population. No other great European nation can
make such a showing. France is essentially an agricultural country, a
nation of little f armera." ..
Read that editorial; it will open your eyes. Read Marcosson's
story. Come in and we will show you Moody's report.
The Department of the Seine 7s offer you a remarkable invest
ment opportunity. At 90 and accrued interest for these 20
year 7 bonds, which are the direct general tax obligation of the
third city in the world with a large suburban territory comprising
an area of 185 square miles, you can obtain a minimum yield ol
7.95 up to 8.75 to accord with date redeemed. They are non
callable the first ten years. They are callable in 1932 only upon
payment of a premium of 5 which premium is reduced at the
rate of 12 each succeeding year. Denominations $500, $1000.
Principal and interest payable in United States gold coin in New
York without deduction of any French taxes present or future.
They will be listed on the New York Stock Exchange, thereby
providing an immediate cash market.
We will furnish full de
tails upon request. Wire
or telephone orders
"collect."
Use our
Partial
Payment
Plan
freeman, smith &
Camp Co.
1 Lumbermen a Bldo Portland
FIFTH PHONE
STARK SSpS 5740
New Issue
Municipal Bonds
r
$475,000
TALENT IRRIGATION DISTRICT
(Jackson County, Oregon)
General Obligation fotyo Serial Gold Bonds
Dated January 1, 1919
Due Serially 1927 to 1948
Principal and semi-annual interest (January 1 and July 1) payable at the Fiscal Agency
of the State of Oregon, New York City, or at the office of the County Treasurer, Jackson
County, Oregon, or at the offices of G. E. Miller and Company, Portland and Seattle. Re
deemable at 103 and interest, in numerical order, on any interest payment date at not less
than &0 days' notice.
Coupon Bonds in $500 and $1000 Denomination
Exempt from all Federal Income Taxes, including Surtaxes, in the same manner
as State, County and City Bonds. Legal Investment for Savings Banks, Insur
ance Companies and Trust Funds in Oregon. Legal to secure deposits of public
money in Oregon. t
Ohio C G 7s
Ohio Power 7s
Fan Amer 7s ..
Penna Os
Rub Rubles 5s
San Pau.o 8s ...
Southwt Td
.1925
.1S1
. 1M.30
.11130
.lK-'S
.193
.105
Swedish Govt 6s 1!S9
Standard Oil N T 7s l'JSl
Stand Oil of Cal 7s 1U31
Steel & Tube 7s H'-31
Swiss 8s U40
Sears Koe 7s l'J-j
Srars Roe 7s l!'-3
Sinclair 7H l"-s
Union TanK 7s
Uruguay Ext Ss
U S Rubber 78 l!MO
Wilson 1st BS i-'-i
Wrrt Elec 7 l-'-3
100
10H4
1W,
106(4
4
101
104 3,
97 34
108 V4
105
99 14
1143,
100
l
89
108 ,
6 3,
15
85
10.3i
JOHN TURSE & CO.
CONSULTING PUBLIC
ACCOUNTANTS AND AUDITORS
Sll ART1MAN3 1(1 Il.ll ti.
II roadway 2353.
Balasie Mieee.. Income Tax.
1 Inaoolal Kxsmi nations.
HERRIN& RHODES, Inc.
Established 189
STOCKS, BONDS,
COTTON, GRAIN
Correspondents K. T HCTTON CO.. V T.
Members ail leading exchanges
HalbaMMi's Service File.
BdwT. 47t. till Kailway svxrbas Bide.
HOTEL HOYT
Strictly Fir proof. Near both depot
ad convenient car vervto to
U parts of city,
ffinirl Rooms W ithout f I and W9
XaUU.KX &. ttUUas,
Do You
Know of a Finer
Investment?
Where can you find any finer
security for your money than
Portland? .
What form of investment is
there that can offer you such
strength as GOOD Bonds
such as these
6
PORTLAND, OR.
Imp.-Bonds. . Due 1931
Prices to
Yield
0
LTJMBEEIVIENS
Broadway and Oak
Westing-house
Zurich 8s
7s 1931
1U45
Foreign l&xfhaiiire.
NEW TORK. Feb. 6. Foreifrn exrhang-e.
Irregular; OrPat Britain, rlcinarirt, 4.323;;
cables, 4.82; France, demand. 8.39;
cables, 8.40: Italy, demand. 4.67; ca
bles, 4.68; Belgium, demand; 8.053,; ca
bles, 8.06; Germany, demand, 49; cables,
494: Holland, demand, 37.22; cables, 87.28;
Norway, demand. 16.25: Sweden, demand.
Total Area of District.. .....12,000 acres
Irrigable Area .'. 9,600 acres
Appraised valne of land, exclusive of improvements,
before giving effect to this financing $3,095,000
Total Bonded Debt, including this issue 770,000
THE DISTRICT Located between the cities of Ashland and Med
ford and surrounding the towns of Talent and Phoenix, this district com
prises one of the oldest, wealthiest, most productive and heavily populated rural sections
of Oregon. The average farm comprises but 31' acres. Irrigation has been practiced herq
for many years by indi3rid'uals. More than 90 of the District is under culti3rationj0f
which approximately; 50 is in fruits and 50 in alfalfa, grains and garden truck. Tho
Southern Pacific Railroad runs through the District with stations at Phoenix and Talent.
The Pacific Highway, paved- the full distance, runs through the center of the District,
north and south. Abundant water supply is provided1 by the many streams from the snow
capped, summits of the Siskiyou mountains, at the foothills of which lie the farms of this
district. About 1650 acres are now irrigated in this west unit and about 2500 acres are
receiving a partial supply. This issue provides additional sources of water supply, canals
and) storage of 16,000 acre feet capacity at Hyatt Prairie.
BONDS Principal and interest will be paid from general taxes levied upon
the entire property of the District. The collection of taxes and payment of principal antt
interest of the bonds will be made by County Officials of Jackson County.
APPROVED by State Irrigation Commission of Oregon, consisting of State
Engineer, Attorney-General and Superintendent of Banks.
CERTIFIED AND LEGALIZED, . under state law, by indorsement of the
Secretary of State. Each bond bears this indorsement and the Seal of the State of Oregon.
Legality approved by Messrs. Teal, Minor and Winf ree, Portland ; Messrs.
Goodf ellow, Eellsv Moore and Orrick, San Francisco and by . Attorney-General of the
State of Oregon.
PRICE TO YIELD 64
o
Orders may be wired "collect."
Bonds offered subject to prior sale. Special circulars on request.
THE CITIZENS NATIONAL BANK
Los Angeles .
J. R. MASON & CO. G. E. MILLER & COMPANY
San Francisco
Portland Seattle
The statement contained In tltls offering, while not grnaranteed, are based upon Information
and advice which we believe accurate and upon which we relied In purchasing these bonds.
23.78; Denmark, demand. 20.38; Switzer
land, demand, 19.59; Spain, demand, 15.27;
Greece, demand. . 4.45; Poland, demand,
.03; Czecho-Slovakia, demand, 1.92; Ar
gentine, demajid, 35.87; Brazil, demand,
lIli--- aaaaa aai
BONDS
U. S. D. & Trust Co.
284 Oak St.
INQUIRIES INVITED
Established 1901
George Black & Company
PUBLIC ACCOUNTANTS AND AUDITORS
Worcester Building
Telephone Broadway 7370
PORTLAND, OREGON
GEORGE BLACK, C P. A.
Fellow of ths American
Institute of Accountants Estate Work
rectal and Periodical Aadlta
General Practlc
Invest ls;atlona
HARVEY N. BLACK
Tax service
( SKIS ys
VitijIJONAL CITV BAttin
7e BUItPIMO fTjf
What the Market Offers
If you would like to have before you a remark
ably complete assortment of what the investment
market offers at the moment let us send you our
February Bond Circular. In this diversified list you
will find bonds already well-known, and many of
the recent issues with high-rate coupons. , '
4 The wide range of maturities and yields thus
brought together provides material suited to the
most varied needs of the investor.
To those having funds maturing in February,
or having idle money already available, this offer
ing sheet will be of real value, for it presents many
facts on which well considered investment may be
based. ' 1
A copy "will be sent on request
The National City Company
Main Office: National City Bank Building, New York
Portland Yeon Building1
Telephone 6072 Main.
Bonds Short 'Term Votes Acceptances
Corporations having temporarily
IDLE FUNDS
can profitably invest irtj
U.S.
Certificates of
Indebtedness and
Gold Notes
Our booklet UA-6
giving full information, will be gladly sent
upon request without obligation
HALSEY, STUART & CO
INCORPORATE O
209 South La Salle Street, Chicago
CHICAGO NEW YORK PHILADELPHIA BOSTON
DETROIT MILWAUKEE MINNEAPOLIS ST. LOUIS
IS IIIIII
Phone your want ads to The Ore-
gonian. Main 7070. Automatic 560-9S.
SURE DEATH TO MARGIN
CALLS
PUTS AND CALLS
"The Safest Way to Trade."
$H0 call option for Be3'en dayg
showed over $1000. Send for
booklet, "How to Trade in Puts
and Calls."
Prompt Attention to Mall untl
Telegraph Orders
, WATSON & COMPANY
Investment Sccurltiew,
023 Stock Exchange liuildinir,
Ie Anseles.
Investment Opportunities
and
Our Twenty Payment Plan
Thsss psbliestlsns tall of cx4 IsassV
bwbI stooks, whios. ssa bs parahsasd oa
ssisil psrsMots sxtandiac oar s psnod of
twsotr nosths. This s4sn was sndoatsd
sr ss is lvW. Tea as ssaars seta frss.
. Writ for 17-fr.O.
Investment Secaritim
40 Exchang Place, Now York