Morning Oregonian. (Portland, Or.) 1861-1937, February 08, 1922, Image 21

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Morning Oregonian., February 08, 1922, Page 21, Image 21

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Newspaper Page TextTHE HORNING OREGOXIAX, WEDNESDAY, FEBRUARY 8, 1922 21 LIBERTY BONDS FIRMER RAILWAY fcUES AXT ARE FOREIGX HIGHER. IS- Bullish Activity in Stocks Results From Easier Money Rates. Foreign Hx change Strong. KEW TORK. Feb. TKpn:on of bull lab activity, lnrolvt farther tiforced -tt:mot of flhort coatrmci. marked o vher act.v day on the stock exchange. Many roe imv the best price of but th were fincfied in whole or part la the profit-takinr of th final hour. Fmciori h:cti t:mu.td the advance. ide from technical conjurations, tn e;u'l4 I.beral effertncit of ril money at px cnt ia the rwn rrarkt and 4 per cent lit private t rkiuert :ot!, the easier trend of time money and more pronounced atrenrta ia the principal orelfa ti- Rumor of aa Indefinite poetponernent of the several me, mfrfers and further on M'emnt In th oil trade, as shown by more cu'i In domestic and export price f raao.ine. hd on:y pajw'.na influence aa the harea of thoae conipanteav Trading cmpreh-nded a greater variety of Imu'i than at any period of the current moTa:nt. The more substantial advances vain were made, however, by closely heSd r.fki and specialties apparently con tra:ed by poo! a Anions; these were the low priced equipments, popuiar motor and reUted srt:taltlea, textiles and miscel laneous Issues, wblrh at their best were huther br 2 to 5 points. Erie Issue were responsive to th com Pnr"t food annual report and other jumor rails, notab'y New Htvn, Rock letand. Chtcaro Northwestern and t. Iou:i South stern strengthened on what wa con Vdered good buying. Sales were aOO.000 ah area On th additional rise of sterling- er ehsnre, demand bills on London sold t US-. French. Itafian aod Belgian re mittance roM 4 to 10 points and ail other Enropeaa quotations, German and Danish rats excepted., ma le similar advances. Liberty bon-ijp reflected lew uneasiness In oaaection with possible new offerings and avertible railway bends moved forward In aympath jr with low-priced shares of that description. British and other for eign bonds kept pace with th higher anno tations for foreign exchnnre. Total sales, fvar value, aggregated 114,873,(KK, CLOSrNO STOCK QUOTATIONS. fKurrtlshe-1 by Overbade fc Cook com paoy of Portland.) Aftmms Et ... dvmnce Rum. do- pfd .... Agr Chera ... do p'-f . A lax Rubber. AJaka Ooid.. do Junmu., Alifs-t. hiumert S2ei. fit 3,000 2. ''- do pfd .... lo Am Ht Sug. 1"0 Am H'ch ... S' Am Can Co.. S.dOO do pM .... ..... Am C A P. . 300 do pfd .... . Am Cot Oil.. l,lrtft Am rruc Syn. Am H a- L.. . . .vl tlO P'd .... fN Am ?.4e Am Irtl Corp. 6,! Am Unseed., 4'M do p(d .... 1im Am Iaxo .... B.5UO do pfd .... ..... Am Sif Raxor 1D A m S O . . . 1" t) Am 8nolter. . o A do pf 1 Am Snuff Hirh. ST 513 is 59 4 12 S4 7 iis"" M 13' 6 4',U 67 V4 PS s- S7 lOOit "i 46 H 1 R7 107 H "i 9 43 Am S-e-i Fdjr. Am Sutrir..., do pf.l .... Am Sumatra.. Am T A T... Am T" i rco. . do "If ... Am Wil .... do pf.l .... Am TV P pM. Am Zinc .... Anaroml ... tchlsfvri .... to pld .... A W I.. Ba!4 I.co.... d pfa .... Xtt. Jk Oblo. tin r t .... Tth btI B. Hooth tali.., J K T Hutr. C z. ntt. A Burni lro... (Mln Oli.... t Park 0J!t it .... do pM .... Cmn I--tfic... randier l . Cho X w. Oil CI w ... do pfd ..... rtiin cop .... Chlno OH W P .... do pfd ..... Coro Col . . c o roio f A l... 'Colo SotJth.m. Col OA E . . . CoTira Ormph. Om Giut ..... Contl can.... norm Fe Bkp Crn Prod ... do pf,1 .... Crd.n CM . C R I A P.... do A pM .. do n pij .. CyuclblA ..... do rtA Cub. I'xiw. do prj .... Cub Am Su.. 1VI A Hud.... Ivtm .V ! n " . . 1V1 A Uck.. Chrn . . . . Fn-1 Joboaon. Krli do 1 pM. . Klis trtr Bat Fam I'lar.r. .. Frd Jim a 8in d I'M .... n ti- Oavlon 'B.. fn irara... On Ko .... C.n JI.M.ir.... O!o Ailn... 0. n Asphalt.. 0(xdrt.'h .... Oivdy.ar .... C.rinhr ...... Ot N,.r Or.... r.i Nor pM... :rn Can. ... Onlf S Stcl.. Ilrtuaton lil . . Jlupp Nr'ttor.. Ilia tVnt .... Inaplrarmn Int Ac Cor cm do pf.t lntrbro .... do pf I .... Int Caliahan.. Int liarv .... do pM Int We" Mar. do pfl Int Ni.-kM. ... Int Taper.. d pf.l .... Tfvmc H .... 1. und MI ... J.'. l Ta K C Southern. do pM Ke'iT-Sjrfld . Kvyt'" Tiro I.ji'W St pel I.e.- Trrv I .Men Valy T.rri:;.-tr! I owe TbM'rt M tr'iri' !. . fr!n A.prry V.-v Store. . . Vex Pet M'.nil Vi.l stl. Oil Mi.lv:'.. S-."l. yi K .i T Wi. do pf : i . . Mont Power.. "tat Ward... i:o Par i- pf.l M St P . S S M Nor A-nn Nat IV.-uit .' aat KnameJ.. Nit Iead X n ! Cn . . New Tlaven . . . Norf & W. Ncr Pe N.T S-Tt Ste"l Jf T A:r Pr,k V T t'.ntea! . . Ok la Prpd ref Ontario S!. l.T.tMt -'Hi T.MO 1.4 I.S4K 1 4iN s l.iuO V.ioo Sd.raio a.r.iKi 1 l.fi-X 2.i0 V.r'w - 1. too 2. SI nl jn.3ia .-' la H' J,lhNJ Sim) I.JM . UMI 8.IIM 1.1110 JiMl 4iw JK 7 lS lls. 1S74 1.14 V S4i 13H 4 ins It 117. 11H 49 W at 7S S 1S 17a !?" 4i 70 "l-a 64 i. S.S00 104 . Mini lnrt C.400 114 Tlili 6. .n.Mt l'.M 4.fio B lit HI 6.i'0 4" HI T.St'O BOO "inn a oto l.t'tO 11. Otto 'ftttO eito sV.4r0 1 i 1J.1.H1 ltW 4im " !it 1 St 1.4UO MtO r it to 7.i"tt 7tt. 2 tittti ,tHl l.tioo -'io 17 'ti S.r.it.i ;.tii 1. 1 tl loo "et't,i 14 ot. fi.f.m) jfl 4V1 !ttt A .io a,.wwi MM ;.ttti ;.4..i 5tO H'i 1.4.10 e'K, m, 27V llS'i isn4 la.i 6314 "17" 1.1 4014 MS 27Vi IftI His ft4, 61', 10 HAS 71 4S 3-' A, sn ess is i.; li'1. '44', . 91 63 1021, S4 Cti, 3 62 IOH 19 110 V liiti IBs, 14.1 10 IIOS H 1 1014 IS". 14.1 7S 12H uv da 14tt4 ft. 4Sw MS T4i "TTi," H is ino 3-J S'4 Tli, AOs, "is"" -s 1 -., s'. r4 u jsV, It! -i "'4 "iiV." rt. .- ii?N ;' i-,J si 27 "ii'i i 4 t'S 14S4 36 Si "iTi," JS, 74 '74'" llM 3"" :s 1SH 7iS -" 4- "l4ii :s !-. 23 S MS 1' 4T-, 's SSt "ii HSH i;i, ITVt 4S rvs vst, !::.( 41 n.i :7s f-S 7Ssi 2S V" Bid. 6SS S 34 1V4 t 13U s MS 4SS 2 3S4 SiiS 371, OS 147H 1M 14 ss 14, f.H Ss4 42S 1 117 1H7S 113 S 44 B0 114 S3 i. His, 04 4 2SS 1 1 13S i;t.i e.H4 104 s ?s 4H fS (ts 27 ltl 1(S sst S5 6-'t iS$ 2n5 117 11 71 4t KSS 123 S 3.-S 33 S HI Cd H 1S 1', 2rtt 1S 3-', 4S4, &tl s 2.!s. S-.H 60S II t F4 S 111 1H2T, 113 34 4 33 S 7S l 1S HIS 24 S IK Xlrli 22 HI AOS HI ltli - 7S S 12 14At 44H A! S 3s HS 27 S 3SS 74 i SA. 7S 74 s 14S llttl S', 2. 7 & Itam iss 7tl 12S 4'.l t. Ml IS 2H 12s 23 s r-4s 34 24 ltl 47 l't S 14 I r.i 1 1 u 27 a 1A I I - ; 2nS 12S Tt'i 1- 27 s Httt its 4S rs 41 ttO 14S 111, ims 7S 2S Ml "! 4'; 2T Otia Steel. .... Pacific Der... Put G A Elac Puma AHeara Pacific Oil. . . Fan Amn Pet. do "B" Peon. ....... Po Ga Pere MArquette Ture Oil PhHMpa Pete. . Pierce Arrow. Pierce OH.... Pitta Cow!.... Pitta W v do pfd Preaaed 8t Cat PtiUman ..... Ray Cona Readinc ..... RemmartOD . . . Reptoale Steel Republic IAS do pfd...... Rep Motore... Roy rttuh oil. Ry Steel Bpe-. Saion Mtttwi. Seara Roebuck Snatturk. Aril She'.! T ae T. . Sinclair ..... Stand OH Ind star-d Oil Si J Slotie 8hef.... S-to Pacific... Sou Ry Stand OH Cal. St 1 at 8 K... Strom Crb... S:.udbaker ... Swift Ae Co... Tenn Cop A C. Tea ful Tea Pac... T P C A O Tob Products.. Trail Con Oil.. Cnlon Oil tel. L'nion Pac... t'nited Alloy.. , United Dmar.. I n. hood Prod Cnlted Frull.. l'nion BAP. UriCI Pipe. . I'B Ret Store. V 8 Ind Alco. U 8 Rob do pfd ..... T7 8 Smitlnc. . V 8 Steel do pfd ..... T't ah Copper.. V. Chem..... do pfd ..... Vanad Steel... Vivandou ..... . Wabaab. do A pfd.... do B pfd Wel!s-Fa--o .. . Western Pac. do pfd ..... . Wee-tem I'n . . . wet y: & it.. West Md SVhite Motors. Wi:;ya-Overi'n. do pfd..... Wilson Pac at. .. Wla Central. .. Woo! worth ... Worth Pump.. W L. K WhKl Oil loo 1."1 Sta S I 'll 4.aV1 5.2.-1 1.300 2. 5to " 1.1 "O 7ta eta) s..t lS.faiO 1.400 .2tKI (H0 "Tf) I. ft. to 400 1.000 100 POO 1.4O0 im l.lix) 1.0HO 400 2.300 S.3nt) 1.6U0 "i"0 T SOO 2.2iO 6ttl 1.1 "0 R'tO 4S.70O 10 64 S 3 47 534 47S S4j 71 21S s-.s s 1 3 "f7" 114 14S 73 31 3214 64 64 61 H ! 64 '.-.7 '14 2t S754 'in '14 82 S 1S SS 22S 40 S SeS 2. A110 S s.1 12.100 S'tO 1.7'tO 4..VIO 2 2tt0 20 1.100.129 ns 43 S 31 S 2S A3', 10 400 !2,ooo 3.'0 100 Y.A"0 4.7.10 S 2t0 100 anno 7nO 1.0.10 1O0 100 6.000 "ivio l.atlO 00 69V4 3 134 60 2414 ' 6 44 33 S s "3714 HAS 62 31 Aft 35 ..... 2114 14 10 ss 64 3Ai, 4'i 3414 ' "7iS 20 ss SOS 134 S 69', 24 S "66" 11.-.H 14S 7314 31 31 63 64 5 E0 2S 63 S 30 SO 40 82 14 10 ss 22 S sns 2'i ..... 44 n 2314j 63 114 129 "6" 4 134 AO 23 64 42 64 fJ 'f7" 116 61 31 6A 14 "e 20 14 100 ISS 1514 l.noo 1.000 2.1110 1.2HO 4.SOO to 400 son 600 300 4"0 "00 no 63 s 3914 ! 20 34 S 2d 1M 47 7 S cfT4 S3 . 9 30 S 27 33 20 131 4A 7 0 fl 2a rec. do 2s cou BONDS. .loi)N T Cen deb 6a -101 V Voe Pac 4a do 4a. rec ..104!not Pac 8 ... do cv 4a coil'lfilS P TAT ... Pan 3a. Tr-K... e2'Penn con 4Sa. Pan 3. cou " 2isou Kac cv be. A T ft T CT fll 111 'Sou Rail Sa... Atchen ren. 4a MS Vnlon Pac 4a.. 10 8S 64 So 40 S 52 47 34 70 2S Si 30 14 s 61-4 24 73 6S 11H 14 73 SI 3114 63 S4 60 8S 214 6.1 St St, 19 ?B 177 40 82 19 S 22 84 04 101 11 43 80S 23 63 " 19 12 S 2S 6S 3 133 67 23 53 42t 64 8 84 8 115 61 so 84 6S 6 20 13 80, 13 62 89 62 H 89 5 2 33 28 ISO 4A 7 S 84 60 04 PA 96 SO 14 Le4pela; 6a ........ Munich 4a ....... Munich 6a ........ Prankfort 4s ..... Italian 5s, 1918 ... Jap 4s. 1931 Jap 1st 4e, 1923 Jap 2d 4 Ss. 1925 . Norway 8s. l4i . . Russian 6s, 1921 Russian 5 S s, 1926 Russian 6s. 1910 Swiss 6s. 192 .. Swiae 8s. 1S40 .... San Pauto 8s U K 5Sa. 1922 ... V K 5a. 1929 U K 6a. 1937 . . . , S 4 6 , 5 83 , 73 87 86 ioe 17 , 4 17 7 114 101 100 103 6 6 7S 6 36 741 87 S 110 19 5 19 " 97 114 101 101 103S Sil FvreiaTB ExclwntPa. Foreign exchange ratea at the close et business yesterday, furnished by North western National bank of Portland. The amount quoted la the equivalent of the foreign unit In UtUtea states lunua 73jU 8 Steel 5a... 100 Liberty Bond Quotations. Liberty bond and victory bend quota tions at New York as furnished by Over beck A Cooke company of Portland: Open. Hiarh. Low. Close. Liberty 3.... 83.23 93.30 95.18 85.10 Liberty 1st 4a Liberty 2d 4s Liberty lrt 4 a. 06 04 Liberty 2d 4 a. 98 04 Liberty 3d 4s. 97.10 Liberty 4th 4 . 96.14 Vtctory 4a Victory a 9 30 96 18 97 28 96 30 .100.20 100 28 1O0 16 100.16 . .UH120 100.24 100.20 100.16 96 4 02 97.10 96.14 96 10 98 00 98.22 98 04 97.14 96 24 Austria, kronen Beisrlum, franca ............... Bulftarla. leva Czecho-SIovakia. kronen ....... rtenmark, kroner England, pound aterllns ....... Ptnland. finmark France, franca Oermany, marks tlreece. drachmas Holiand. fuilders .............. Ifuaicary, kronen Italy, lire Jugoslavia, kronen Norway, kroner .....A. ....... Portugal, eacudos ........ Roumania, lei Serbia, dinara Spain, pesetas Sweden, kroner ................ Switzerland, francs CRina-Honjrfcona;, local currency . Shanghai, taeia .............. Japan, yen 10.0007 .014 .0OS2 .0200 .2050 4 35O0 .02OM 8. red. 31.27; No. 2 hard.. yel- Wheat, No. tl.23i1.23. Cor. No. 2 mixed, 53?54c; No. low, &3V54C Oata. No. 2 white, 3Se39c; No. 8 white, 35 38c. Rye. No. 2, 91 c Barley. 56y64c. Timothy seed. 85 7. Clover seed, tl222. Pork, nominal. , Lard, 310.25. Ribs, 39.2510.25. Primary Keceipto. CHICAGO. Feb. T. Primary receipts Wheat, 809. 000 bushels vs. 654.000 bushels; corn, 2,5oo,OO0 bushels vs. 1,263,000 bush els; oats, 64,000 bushels vs. 634.000 bush els, m Shipments Wheat, 479.000 bushels vs. 735.000 bushels; corn, 1,574,000 bushels vs. S43.0O0 bushels; oats, 396,000 bushes vs. 396.000 bushels. Clearances Wheat, 193,000 bushels; flour, 7WO barrels; corn, 3S2.0O0 bushels; oats, 40.OO0 bushels; wheat Includes 63,000 bush els in bond. Car lots Kansas City, wheat 182, corn 60, oats 19; sr. Louis, wheat 32, corn 45. not. Ol. . ... - . A 11 O . , T - 0JO j Minneapolis, wheat 249, corn l!t.oats 85: .0054 .04.34 .8734 .0020 .04 0 .0037 .1640 .0827 .0085 .0150 .1580 .2806 .1935 .R50 .7026 4tlU0 Duluth, wheat 12, corn 60, oata 29; Winni peg, wheat 387, oats 141. Minneapolis Grata Market. MINNEAPOLIS, Feb. 7. Barley, 44 S 59c Flax No. 1. $2.32 62.S7. Wheat May, 11.34; July. 1.24. Winnipeg; Grain Market. WINNIPEG. Feb. 7. Wheat, May, 3L23; July. 3L10. NEW TORK. Feb. 7. Foreign exchange, strong; Great Britain, demand, 34.34; cubles, 34.33; France, demand. 8.47c; cables, 8.48: Italy, demand, 4.78; cables, 4.79; Belgium, demand. 8.00c; cables, 8 10c; Germany, demand, .49c; cables, .50e; Holland, demand. 87.82c; cables. 37.3Sc; Norway, demand. 16.33c; Sweden, demand. 25.ooc; Denmark, demand, 20 .3 8c; Switzerland, demand, 19.55; Spain, de mand, 15.38c; Greece,- demand, 4.45c; Po land, demand, .03 Sc: Csecho-Slovakia, de mand, 1.88c; Argentine, demand, 86.00c; llraali, demand. 13 12c: Montreal, 95 o. Standard Oil Stocks. Closing Bid. Asked. Anglo t 17 rlome scrysmer .3-3 Buckeye ..........192 Cbeesebrougn 180 do pfd ........Ifi9 Continental 123 Crescent. .............. 33 Cumberland ................ .145 Eureka c& Galena com ................. 40 old pfd 103 do new pfd.. Illinois pipe ... Indiana Pipe .. Na.t'1 Tranait .. N T Transit .. Northern Pipe ::r:. ..lOO .. W7 .. 89 .. 28 ..165 .100 Ohio Oil 2 nter'l Pet 14 Penn Mex 18 .535 .237 .192 . 95 .187 . 63 . 86 .550 .40 .890 S O Ohio 3S9 do pfd 115 Swan A Finch 30 Vacuum ............ .832 Washington ......... ....... . 23 S O Nebraska 163 Imperial Oil 19314 Prairie Oil Prairie Pips ... . Buckeye Southern Pipe .. South Penn Oil.. W Penn Oil... S O Ind S O Kansaa . S O Kentucky . SONY IS 850 194 190 112 132 33 155 90 42 109 103 171 91 29 185 103 272 15 19 543 240 194 97 193 66 87 570 -470 895 890 116 35 836 32 175 10S HOGS Market verv firm and w he IIve is at th peak now. Ship n'A sou have immediately. Check bv return mail. Satis factory returns guaranteed. THK StllMR .. INC. ! ! t. Port la ad. Or. -' Mining Stocks at Boston. BOSTON, Jan. 30. Closing quotations: Alloues 88N"orth Butte ... 12 Ariz Com 9 n!d Dominion.. 23 Cal A -Arlx 69 Osceola 34 Cal A H-c.a ..273 lOulnry 43 Centennial 12 Isuperlor 2 Cop K Con Co. 43 jSup A Bos M . . 1 E Butte C M . . ll'l'tah Con 2 Isle Roy (Cop) 24 s Winona 40 l.ake Copper .. 2 Wolverine .... 11 Mohawk 66 Swift aV Co. Stocks. Closinr prices of Swift A Co. stocks st Chicago were reported by the Overbeck A Cooke company of Portland as follows: Libby. McNeil A Llbby 101 National Leather 2 National Leather, new. ............ . 10 Swift International 22 Money, Silver. Etc NEW TORK. Feb. T. Call money, easy; high. 6 per cent; low 5 per cent: ruling rate. 6 per cent: closing bid. 4 per cent; offered at 6 per cent: last loan! 5 per cent. Time loana. firm; AO daya, 90 day. and six months. 4tf6 per cent. Prime mercantile paper, 493 per cent. Foreign bar allver. 63c Mexican dollars, 60c LONDON. Feb. 7. Bar silver, 84 d per ounce: money, 2 per cant; short biiis, 8 per cent; three-months' bills. Stj3 7-16 per cent. New York Bonds. New Tork bond quotations furnished by Herrln A Rhodes, Inc., of Portland: Am Tob 7a. 1922 101 Am Tob 7s. 1923 102 Anaconda 7s B. 1929 102 Anaconda 6s A, 1929 98 Armour cv. 7a. 1030 102 Armour 4s. 1939 M Argentine O I-5a. 1943 7S Am Arr Chemical 7s. 1941 loo n.th Steel 7.. 1923 101 Tieth Steel Kq 7s. 1935 102 Belgium Kxt 7Ss, 1945 , .107 Peicium As. 1923 1" S Belgium is. 1940 106 Hergen 8a. City of, 1945 l'l Heme 8s, City of. 1946 109 Brazil 8s. 1941 li3 Canadian 6a. 1926 97 Canadian 6s. 1931 98 Canadian 6a. 18o7 98 Can Nat F.q 7a, 1933 10S Chi A N W 6ss. 1936 106 C M St P gnrf 4s A. 2014..... 57 Can Nor 7a 1940 ...110 Chile Ss. 1941 , 102 Chrltlanta 8. City of, 194 108 Corner Ftp Ss. 1922 100 Copper Kip 8a, 19A3 102 Copper f-.xp fa. i i"-t Copper Fxp 8s. 1923 lot Cuban Amer Sugar Sa. 1931..... 104 Can Hat. cv 7. 1925 103 Pla Match IS". I". H nenmark s. 195 lo rtanish Mun be. 194o. lo. tlupont 7 Ss. 1931 103 Grand Trunk 7. 1940 , lios Goodrich 7a. 1923 97 s C.oodvear Sa. 1941 Ill Gulf O 1 7. 1933 103 Great Northern 7s. 1936 107 Herfhey 7s. 19:10 1ml Humble Oil 7.. 1923 ... loo Int Rap Tr ref 5s. 1986 4 Int Mar C T As. 1941 92 Ke!!v Springfield Ss. 1931 . IOH Kennecott 7. 19SO 102 Itlbbv. McNeil A Llbbv 7s. 1931 97 Sforrls A Co. 7s. 1130. lo3 Mexican Pete Ss 1938 loo N Y C call 7s. 1930 H! Norway Ss. 1940 ; 109 N P O X (Jnt) 6s. 1936 lo.! N P 6, 2047 107 Northwest Tel 7s. 1941 los Ohio C G 7s. 1923 9i Ohio Power 7s. 1931 ....loo Pan Amer 7l. 1930 9ft Roe Ruhlea 3. 1926 4 San Paulo 8,. 193A loi S.tuthweat TeL7a, 1923 101 Swedish Gov.wStt. 199 97 Standard Oil N Y 7s. 1931 -OO Standard Oil of Cal 7s. 1931 lit Steel A Tube 7s, 1901 99 Swiss Ss. 194 114 Sears Roebuck 7s. 1922 loo Sears Roehuek 7". 1923 ............. 99 Swt-ltilr 7s. lO.'S 99 Swl:f A Co 7s 1025 lO I n Tank 7s, 19::0 104 frnguay Ext 5s 66 ! S Rubber 7s. 1930 H4 Wilson 1st s, 1928 SS West Klec 7s. 1923 lor, Ves:lnghouse is, 19.11 IIV. Zurich Ss, 1943 109 Foreign Boada. Foreign bond quotations furnished by WHEAT ADVANCE CHECKED HEAVY SELLING TO REALIZE PROFITS AT CHICAGO. Overbed k Cooke company of Portland: Bid. Akd. Itlrlan r"st Ss $8 71 Rian prem 3s Tfl TS JKian TtiS. li-45 ....lOtii juT F-.mn fis. 1925 t: Jtriii-h l'Ji P0V, Urttifh S. 1!-T ciH so Hrumh als. IJ9 Hrmsh xkr Ti H Tas Rritish ref 4j 7 V, W S Hord-4ux . lfS4 JSJ Tans-Man -V. 1!ST r.tnsdmn 5, li-L, J7S T Cnartian .ls, a j:, anitiian ?. Canadian 5 S - l-'-7 triVi 7 Chinese .".a. U.M S 4 Chisn Ks. 141 Itfl 10H Hu4 Currency la I Nnmirk fts. 1945 French 4. 117 .VI St French s. T.I 74 H French IMl G-1 Frnrh 741 1H41 14 French S I45 Orrmsn W L is SV, 414 Itriin 4s 4 5 liamburgr 4 4 A ,tmburf 41 4H 5 La4SaDus 41 ft Cm Traders Relieve 21 -Cent GiUn Already Established Discounts All Bullish Factors. CHICAGO, Feb. 7. Rushes t buy wheat today met with profit-taking- sales In treat volume. As a result new advances in price were only maintained in part. The closing was unsettled, h to 0-net higher, with May 91.28tt to $1.23 and July $1.11H to fl.llH. Corn lost to lriSc; oats finished one ha need to c lower, and provisions -at a decline of 12 to Sue At first wheat here scored an upturn of about 2c, chiefly because of encourage meat which buyers had received from word of a fresh rise in values at Liver pool and Buenos Aires. Ba tern ess to pur chase was given further impetus owing; to report of probable heavy abandonment of acreage in Kansas and because of talk or the presence of the green bug pest In Oklahoma. The fact, however, that there had recently been an advance of 21 cents here was apparently believed by many traders to have discounted all factors enough. Selling to realize profits took on huge proportions and for a time caused the market to lose more than the early advance. A moderate rally which ensued during the late trading was due In the main to covering by shorts. Corn and oats, after touching In ome cases the highest prices this season, gave way under profit-taking sales and an in crease of country offerings. Selling ascribed to packers weakened the provision market after a small ad vanes had been brought about through higher quotations on hogs. The Chicago grain letter, received yes terday by the Overbeck A Cooke company of Portland, follows: Wheat There was a general rush to buy wheat at the opening, but the advance brought out a tremendous volume of liqui da.ticn, w hich overwhelmed the buying power and resulted in a setback of nearly 3 cents from the high point. The disturb ing tactor was the weakness in Chicago cash premiums, although this was at tributed to lack of storage facilities, duo to the large stocks of coarse grains In this pity. The foreign news was exceedingly bullish, with Liverpool prices 3 to cents higher and Buenos Aires up 7 to 8 cenrs from the previous close. There is no doubt but that stocks on the o.her side are down to a minimum and must be re plenished. Their position is strongly em phasised by the action of their market, only while 300.000 bushels were confirmed as having been sold for export today, ad vices from ths seaboard were to the ef fect that all offerings made over nifrht were sccepted. Reports of the growing crop in the southwest are becoming alarm ing and will increase In number when : warmer weather shows up the damage. : We would, regard this easiness In cash premiums as strictly a local consideration ; and recommend a bullish attitude based on the world situation. Cora Selling credited to leading longs 1 and a moderate volume of pressure against , cash pui chases in the country proved too.: much fr ths buying power, and the market i declined sharply after the early advance. 1 There were no important news developments 1 of a sort to permanently arrest the upward trnd of prices. The cash demand was good with the trading basis well maintained, j The seaboard reported some expu-t busl-1 ness done, but bids In the local market I were slightly out of line. The Cnlted States has the cheapest corn market in the wot Id and' It is reasonable to assume that Europe will look to us for supplies. At the same time, corn as a domestic prop ortion has a feeding value materially higher than present quotations indicate, and this in itself should be sufficient to establish prices at this high level. Oats Showed strength early, but de clined later with other rains. Receipts of 110 cars sold at yesterday's basis. While an Important demand has not as yet ap peared for this grain, its statistical posi tion is much the same as that of wheat. The bulk of the surplus is In the visible supply, while stocks In all positions are in the aggregate below the ordinary domestic requirements for the period from February 1 to July 1. Rye There was a moderate trade in fu tures, with the action of prices following the changes in wheat- Some buying by seaboard interests took place, presumably agbinM saies for export. The cash bams was strong at 4 cents under May for No. 2 on track. Leading futures ranged as follow: WHEAT. Open. Hieh. Low. Close. May $1.2H $1.8A& $1.27 J1.2SH July 1.12 1.12 1-10 1.11 CORN. May M .54 -7 -8 July bl -Sl . .60 track; Iulnth Unseed Market. rTTLUTH, Feb. 7. Linseed on J2.3oif2.37; arrive, $2.35. San Francisco Grain Market. SAN" FRANCISCO. Feb. 7. Wheat Milling. Il.9091.9d; feed, $L831.92, Barley, feed, $1.221.80; shipping, nom inal. Oats, red feed, fl.4091.oO. Corn, white KgypMan, $1.72 1.80; red mllo, $1.6591.60. Hay Wheat, $17919: fair, $14917; tame oat, $169113; wild oat, $11918; al falfa, $13910; stock. $79 IO; straw, nominal. Seattle Grain Market. S BATTLE. Feb. 7. Wheat, hard white, soft red winter, northern spring, white club, $1.10; soft' white. $1.15; hard red winter, $1.17; red Walla. $1.12; Big Bend bine stem. $1.20. City delivery Hay1 Timothy, $24; d. c, $26; mixed, $21; alfalfa, $18; d. c, $23; straw. $lo917. Barley, whole; $33; ground and rolled, $35; clipped, $30; chick starter, $i3; chap all grain, $3S; cocoanut meal. $28; corn, $92; corn, cracked and feed meal, $34; cotton seed meal, $54; linseed meal, $62; scratch feed, $40944; soy bean, $62; wheat, $43; Puget sound, $42. SAX FRANCISCO PRODUCE MARKET Prices Current on Vegetables, Fresh Fruit, Etc., at Say City. SAN FRANCISCO, Feb. 7. (State Divi sion of Markets.) Fruit Apples, 3 and 4-tier. $1.403.50; oranges, $2.505.2o; lemons, $3.75 9 5.57; grapefruit, $3 4.2o ; pears, box, $1.75 9 2.75 ; cranberries, box, $4.5095.50. Poultry Broilers, 31?39c: young roos ters, 20 9 33c; old, 16 20c; hens, 24r3te; ducks, 392Sc; live, turkeys. So 43 8c; flressed, 87 946c. Vegetables Artichokes, large crate, $1 r23; beans, nominal; carrots, sack. 9-0c9 $1; celery, crate, $1.508, cucumbers, dozen, $1.25 9 2.50; eggplant, pound; 5 9 10c; lettuce, small crate, $294; mush rooms, nominal; olives, pound, 69c: onions, brown, cwt, $0.5096.75; white globe, $7.4098; green, box, $2.109225; peas, nominal; ben (peppers, pour. a, 15c; potatoes, $1.9093.25; pumpkins, sack, 75c 9 $1; rhubarb, box, $393.25; squash, summer, small crate, $3 3.50; Hubbard, sack, $11.60; sprouts, pound, 14935c; spinach. crate, $3.75 9 4.25; tomatoes, crate, 75c9$1.75. Receipts Flour, 7646 quarter sacks; wheat, 40OO centals; barley, 3534 centals; com. 820 cen tals; potatoes, 5342 sacks ; onions, 44 sacks; hay. 20 tons: hides, 201; oranges and lemons, 240O boxes. Coffee Futures Higher. NErny VoRK, Feb. 7. Coffee futures closed 1 to 4 points net higher. Sales, 20, 000 bags. March, 8.71c; May, 8.09c; July, 8.00c; September, 8.00c; October, 6.68c; December, 8.57 c. Spot coffee, steady; Rio 7s, 9c; .Santos 4s, I29iac New Tork Sugar Market. NEW YORK. Feb. 7. Raw sugar, cen trifugal, 3.70c; refined, fine granulated, 5c to 5.10c. Orpheum matinee today,15-25-50-Ad. FRANCE'S STABIIaTTY rT,HOSB who were reading: cur rent French history Just prior to the war will remember with what anxiety the government of that country was viewing the rapid rise 0$ communism and the spread of the doctrine of "inter nationalism." When France called her people to arms full prepara tions were made to a suppress by force if necessary, this disloyal element. But such action was not necessary. Even the leaders of the movement were ready to enlist in. their country's defense. Since the war this element of' discontent and Insubordination has made but a feeble attempt to get upon its feet. There is a reason for this, and more than one. But the chief is that the French as a people have an inyested interest 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 essen tially an agricultural country, a nation, of little farmers. Back on the job! Read this edito rial from the Portland Telegram last F riday. Read Marcosson's story about "France and the Future" in last week's Saturday Evening Post. C om e in and let us show you what John Mopdy, Amer ica's foremost econo mist, says. 1 AT 90l2 AND INTEREST you can obtain 20-year 7 bonds of the Department of the Seine to yield' 7.95 to 8.75, according to date redeemed. These bonds are the direct tax obligation of the third city in size in the world, Paris, and its suburbs, comprising 185 square miles. They are non-callable for ten years. Callable, after ten years only at a high premium, namely, 105 in 1932 and at Vz less each succeeding year. Principal and interest payable in United States gold coin without deduction for any French taxes, present or future. These bonds 'will be listed on the New York Stock Exchange," thereby providing an immediate cash market. Denominations $500, $1000. . Price t 90 12 and Interest to Yield 7.95 to 8.75 This advertisement appears as a matter of record only, the issue having been . sold the day on which it was offered, February 6, 1922. New Issue ' M unicipal Bonds $475,000 TALENT IRRIGATION DISTRICT (Jackson County, Oregon) General Obligation Serial Gold Bonds Dated January 1, 1919 Due Serially 1927 to 1948 The factory worker In France who now is not satisfied with his wages or his living conditions, can run away from It to the farm, for. the farm Is el)ort of help. There are practically no idle hands in France, for more than a million and a half pairs of the best hands France had, are now buried along the battle zone. To take the place of these lost laborers thousands of Poles, starved and out of work at home, have come In; thousands of Italians have come for temporary, employment; thousands of African territorials and Chinese, left over from war service, are still in France, and many of these we may well believe, will remain and in years to come become a blended part of the French population. (Editorial from Portland Telegram, Friday, Feb. 8.) No Idleness in France I Invest Now Wire orders "collece' Use pur Partial Payment Plan FREEMAN, SMITH & CAMP CO. Lumsirmens Bldo.. Portland STARK "SP8 PHONE 'WAY 5740 Var July May .. May Juiy ,404 .ail. OATS. .0'. .4- ".lia May July Cash prices HESS PORK. LARD. ..10 47 10.50 10 52 ..10.J3 1U.7J 10.53 SHORT RIB3. ..10.07 10.10 t.SO .404 .41 1S.T0 10 32 10. SO f0 10.09 We offer - General Obligations Bonds of various Provinces of Canada To Net 5.52 to 6.25 Principal and semi-annual interest payable in U. S. Funds p.l.Devepeaux Sigmpany INVESTMENT BONDS 6T SIXTH STREET PORTLAND, OREGON BROADWAY 1049 GROUND FLOOR WELLS -FARGO BUILDING Principal and semi-annual interest (January 1 and July 1) payable at the Fiscal Agency wf 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 90 days' notice. p Coupon Bonds in $500 and $1000 Denomination . .. Exempt from all Federal Income Taxes, including Surtaxes, in the same mannet as State, County and City Bonds. Legal Investment for Savings Banks, Insur ance Companies and Trust Funds in Oregon. Legal to secure deposits of publio money in Oregon. . . . , , Total Area of District....... .12,000 acres Irrigable Area 9,600 acres Appraised value 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 here for many years by individuals. More than 90 of the District is under cultivation, of which approximately 50 is in fruits and 50 in alfalfa, grains and garden truck. The 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 provided by the many streams from the enow 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 and 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. Goodfellow, Eells, Moore and Orrick, San Francisco and by Attorney-General of the State of Oregon. , PRICE TO YIELD 64 .- Orders may be wired J" 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 atatemrnf a contained In thia offering-, while not a-naranteed, are based upon Information and advice vrhlch we believe ncpnrate and upon which we relied In purchasing; these bonds. The PROGRESSIVE BANK offers: SERVICE: 4 interest on savings ac counts 3 interest on special savings accounts, subject to check no charge for collection pf out-of-town checks no charge for checking accounts. Are you receiving such, service? CONVENIENCE: 10 consecutive hours of service every Saturday all day 'till 8 o'clock. Wouldn't you find such hours con venient? SATISFACTION: You will find genu ine satisfaction in dealing with and supporting a bank that's conservative ,in administration yet liberal in its poli cies. .. Have You an Account With Portland's Progressive Bank? BROADWtWBANK BROADWAY AND STAR K . ThealNVESTOK aio TIi INCOME TAX ' 63-Page Booklet For Investors and Traders How to report Stock ami Cask Dividends, Scrip .issited for Stack Divi dends, Bonn Stock, ' Stock Rights, Bond Interest, etc., ate. Includes typical broker's state ment showing sales to estab lish losses, etc Contains ruled pages for investor's record. Copy gratis if yo write on yovr business or. personal stationery. L. A. Hughes & Co. Investments 100 Broadway New Tork JULIUS R. BLACK Public Accountant, Auditor Income Tax Service Concord Building, Second and Stark St. Broadway 7443 We Own and Offer Rate , Maturity . Price to Yield Lane County (Ore.) Road. . 5 1932-35-38-41 .. .4.875 to 5.00 Sherman Co. (Ore.) Road. 5 1939 5.09 Union County (Ore.) Koad 5'j 1931-34 5;00 Ephrata (Wash.) Water... 6 1927-32 6.00 Vi City of Union (Ore.) 6 1927-41 5.85 to 5.90 Grangeville (Ida.) Gen. Ob. 6 1931-41 6.00 Western Bond & Mortgage Cp. 80 Fourth Street, Portland, Oregon Ground Floor Board of Trade Bldg. Telephone Broadway 6464 Telephone or Telegraph Orders Collect r Ask About Our Special $100 Bond on Partial Payment Pldn Phone Your Want A ds to The Oregonian Main 7070, A 560-95 LINCOLN ADVISED prudent spending, for he realized that it lead to thrifty habits. Save as much as you can now and invest it safely in an account with Ashley & Rumelin, Bankers. HOURS-8 A M TO 530 PM S ATU RDAYS-8 AM TO 8 PM. HERRIN & RHODES, Inc. Established 1896 STOCKS, BONDS, COTTON, GRAIN Correspondents E. P HUTTON ft CO., N. T. Members all leadlns exchanges Babson's Rerviee en File. Bdwr. tTW. 01 BaUwar xrbang-e Bids.