THE 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.