Morning Oregonian. (Portland, Or.) 1861-1937, February 16, 1922, Image 21

Historic Oregon Newspapers

Morning Oregonian., February 16, 1922, Page 21, Image 21

Image provided by: University of Oregon Libraries; Eugene, OR

About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 16, 1922)

Prev Page of 22 Next Prev Issue Next Text PDF JP2 (4.4 MB) Clip/Print Image

Return to Top

Prev Page of 22 Next Prev Issue Next

Newspaper Page TextTTIE. MORNING OREGONIAN, ' THURSDAY, FEBRUARY iq, 1D22 21 FAM LY FLOUR PRICE UP SIXTI CHITS Market Responds to Recent Advance in Wheat. GREATEST RISE OF SEASON Bakers' Grades Are Lifted Twenty to Forty 'cents Barrel Mill-' f feed Also Higher. Patent . flour prices will be advanced 60 cents t barrel this morning, to $3.20 for the best family graftes. .TThfs ia the greatest advance the market ha had .this season and Is due to the sharp rise In wheat prices. The flour market has been moving steadily upward this month In response to the advance in wheat, the best milling grades of which are becoming scarce. The market has registered & total gain of $1.20 a barrel from the low point of last Oc tober, when wheat was at Its cheapest level. The course of patent flour prices from that date has been as follows: October 21 '. $T.no January US 7.20 February 3 . . T.40 February 7.60 February 16 8 20 Other grades of flour as well will ad vance today, but not to the extent of family patents. Bakers' hard wheat flour will be up 20 cents to 17.90 and bakers' bluestem patents will advance 40 cents tn 7 Tm vallsv enft whpnt flnnrS. Y graham and whole wheat the advance will be 40 scents, while straights will be 20 cents higher. Mill feeds also share in the market's uplift. Mjllrun prices will be advanced 111 a ton to $2" at mill for minimum quan tities and there will be a similar advance ot $2 a ton in middlings. WHEAT BIDS ARE AGAIN RAISED Buying; Slows Down and Trade Believes' Advance Will Halt. The wheat market went higher again yesterday. Merchants' Exchange bids for hard white were advanced 4 cents to $1.25 and for the other grades the offers were 3 cents over Tuesday. Hieher pries also prevailed in the country, where there were otters equal to $1.45 to $1.47 for the choicest bluestem. There was not so much buying in the country, however, as it was found diffi cult to place wheat at these high prices. Aside from the sentiment expressed at the exchange session, the feeling in the trade was decidedly less bullish than on Tuesday. The opinion was expressed that the domestic market had overdone Itself In the recent bulges and further declines during the day in the foreign markets were pointed to -as . Indications that the extreme American prices might not be maintained. Coarse grain' prices' were also advanced on the local board, the bids being 50 cents to $2 higher than those of the day be fore. , Tho Liverpool wheat market closed 29id lower. At Buenos Aires wheat opened 2 "4 cents lower, y A dispatch -from Smith Center, Kan., said: "Wheat around here does not prom ise a single bushel. Farmers will drill in oats and barley." Bradstreet's estimates the world visible wheat, increase at 278,000 bushels, and the corn increase at 4,230,000 bushels. Terminal receipts, in cars, were reported by the Merchants Exchange as follows: Wheat. Barley.Flour.Oats.Hay Portland Wed. KH ... . 2 1 Year ago 30 1 7 Season to date.22S2 151 1638 .3 1318 Year ago 114(11 182 604 37B 1840 Tacoma Tues. . 3. . . , . v . . 1 2 Year ago "! ... ... 1 Season to date. 8104 2 , 1030 115 .605 Year ago 3374 4T 608 04 602 Seattle Tues. .. 30 ... 7 Year ago 11... 2 1 1 Season to date. 62S.1 loo 1B14 307 1235 Year ago 3H.15 1st 267 313 1001 I'KODUCTION OF BCTTEB INCREASED Gain of One Million Pounds in - Oregon Output Jjst Year. There was an Increase ot 1,000,000 pounds In production of butter In Oregon last year and a similar increase In cheese production, while the output of condensed milk decreased 12.500,000 pounds as com pared with the preceding year, according to the annual report of C. L. Hawley; state dairy and food commissioner,, issued yesterday. 'M Eighty-two creameries in 1921 manufac- . tured 17,111,671 pounds of butter. 36 cheese output of 64 factories was Vlf.146,978 pounds. rr.l. :ti j, - .... Aiio,eveu iiti:n cunacnseries oi me state produced 2S,4o4,476 pounds of condensed n.llk. During the year 1,799,513 pounds of but ter fat were used In the manufacture of Ice cream. year ago and only 424,000 pounds more thanthe five-year average. The prelim inary figures on butter, cheese and egg holdings os February 1 follow; February 1, 1022. 1921. 5-yr. av. Butter, lbs.35,107,000 41,530,000 34,743,000 Cheese, lbB.21,4K0,OO0 25,182,000 32.506.00O Eggs, cases 182.000 44,000 173,000 PORTLAND MARKET QUOTATIONS Grain, Floor, Feed, Etc. Noon session Merchants' Exchange. Bid Wheat Feb. Mar. Hard white ..,........$1.23 $1.25 Soft white 1.24 1.24 Whits club 1.24 1.24 Hard winter 1.24 1.24 Northern spring 1.23 1.23 Red Walla 1.18 1.18 Oats No. 3 white feed ..30.50 31.00 No. 2 gray 20.00 30.00 Barley Brewing 27.50 28.00 Standard feed ...26.50 27.00 Corn No. 2 15, T. shipment.' 27.50 27.50 No. 3 E. Y. ahipment 27.25 27.25 FLOUR Family patents. $8.20 per bbl.; whole wheat, $7; graham, $6.80; bakers' hard wheat, $7.00; barters' bluestem pat ents, $7.40; valley soft wheat, $6.45; straights, $6.05. M1L.L.FEED Price 1. o. b. mill: Mill run, ton lota, $27; mixed cars, $26; straight cars, $25 per ton; middlings, $32; rolled barley, $3438i rolled oats, $37; scratch feed, $45 per ton. CORN White, $32; cracked, $34 ton. HAY Buying price f. o. b. Portland: Alfalfa, J13 00cgl4 per ton; cheat. $10.50 11; oat and vetch, $14.50; clover, $11; valley timothy, $1415; eastern Oregon timothy, 161T. Dairy and Country Produce. BUTJER Cubes, extras, 8536c per lb.; parchment wrapped, box lots, 41c; cartons, 41c. Butterfat, buying prices: No. 1 grade, 37c, delivered Portland. '1 BGG8 Buying price, 26 27c dozen, case count; Jobbing prices, case - count, 28c; candled ranch, 30c; association, .selects. 32c; association firsts, 30c; association pullets. 28c. 1 ' CHEESE Tillamook ' triplets, price to jobbers, f. o. b. Tillamook, 26c; Young Americas, 27c pound. POULTRY Hens. 1825c: serines, 22c; Mucks, 2228c; geese, 20c; turkeys, live nominal, dressed,. 38 40c. . PORK Fancy, 14 tic per pound. VEAL Fancy. 15c per pound. Fruits and Vegetables. Local jobbing quotations: FRUITS Navel oranges, $4.756.50 box; lemons, $6.508.00: grapefruit, $4.25(97.50 box; bananas, 8tto peri pound; apples, $1.353.25 per box; cranberries, eastern, $18 per barrel. POTATOES Oregon, $1.75 2.00 per 100 pounds; Yakima. $22.50 per 100 pounds; sweet potatoes, 5&5c per pound: Nancy Hall, $2.50 per crate. ONIONS Yellow, $7.508 per cental. VEGETABLES Cabbage, 3 Vi 5c per pound; lettuce, $4.75 5 cratej carrots, $1 2 sack; garlic, 15c per pound; green peppers, 45c per pound; beets, $22.50 pet sack; celery, $8.00(8)10 crate; cauunower, $2.2."i(B3.25 per crate; squosh, 4c; sprouts, ST MOST LIBERTY ISSUES CLOSE AT HIGHER PRICES. , British, Mexican, Cuban and Aus tralian Bonds Also- Advance. Cheaper Money Aids Stocks. NEW YORK, Feb. 15. Tho bond mar ket today showed less apprehension con cerning soldier bonus legislation. . Liberal issues, closed mostly at gains after early hesitation and many . of the low-priced rails were irregularly higher. In the foreign group. United Kingdoms again led at best prices for the current movement. Republic of Cuba 5s, Mexican government 5s and the new Queensland (Australia) issue also were strong. Total galea, par value, aggregated $16,750,000. The stock market continued to move towards irregular higher price levels, al though much ot the advance was for feited In the general profit-taking of the later dealings. Further lowering of local money rates and signs that world-wide money con ditions are tending in the direction of greater eaae, together with the small floating supply of popular stocks; were the sustaining factors. remand loans opened at 4 per cent but fell to 4 per cent before noon. In private transactions, nlenty' of call money was available at 3V4 per cent and prime mercantile paper of 30 to 90 days was sold at i per oent. Reduction of the Cleveland federal re serve bank rate directed renewed atten tion to prospects of another reduction at this center. Private cables from London predicted an early cut in the Bank of England rate. The greater part of today's fairly large business was restricted to steels, oils, equipments, motors and coppers. United States Steel making a new high since 1920 and retaining all but the smallest frac tion of Its gains at 90. Rails also showed further improvement, but buying of those issues lacked the sub stantial charaeffer of the previous day's accumulation. Sales amounted to 800,000 shares. Trade reviews again stressed the uncer tain state of the steel and iron industry. This Was strongly illustrated in the an nual reports of the Midvale and Pressed Steel Car companies, which were In keep ing with unfavorable forecasts. Trading in foreign exchanges fell off perceptibly, the British and allied re mittances reacting moderately. The Dutch aa.te also eased, but bills on the Scandi navian countries continued to strengthen with the eastern European remittances. CLOSING STOCK QUOTATIONS. (Furnished by Overbeck & Cooke com pany of Portland.) 20(g)21c; parsnips. $1.502.50 per sack; tomatoes, $55.50 per lug; artichokes, $1,836)2 per dozen; cucumbei-sy $2.50 WORLD WIDE SCARCITY OF WHEAT Broomhall's Figures on RequlreVents Have Bullish Effect on Market. Statistics issued by Broomhall yesterday on requirements and supplies, which had an effect on- all markets, showed net re quirements of importing countries to be 600,000,000 bushels, of which 308,000.000 bushels have been shipped today. The re mainder to be shipped, 202,00,000 bushels, shows a very close adjustment. A cable from Argentina says Argentine contribution of old corn may be consid ered as finished and Europe's require ments for the next six months must all come from America. It is significant that the bulk of the world's shipments have bten directed to the continent. DEMAND FOR EGGS IS LIGHTER Butter Firm, With Top Grades of Cubes Scarce. The demand for eggs was not so active yesterday and buyers were Inclined to r-duce their bids, but there waa no mate rial change in prices.-, Resales of current receipts on the street were made at 27 271 cents. 1 - Butter was firm, with a good demand for cubes at S536 cents. The better grades were in small supply. Poultry continued firm. Receipts were not large and the local inquiry was better. Country dressed meats were steady. Bank Clearings. Banlt clearings of the northwestern cities yesterday were as follows: ., . ' Clearings. Balances. Portland $3,878,440 555,74e Seattle 7.740,918 710,535 Tacoma, transac 3. .1414 066 Spokane, tl-aasa-o 5688940 Bankers' Acceptances. Quotations on bankers' acceptances fol low: Diya , 30 60 90 Prime eligible members, pet... 4 4 4 Prime non-members, pot 4 4 4 Butter Holdings Decrease. Storage holdings of butter in the United Stairs are 6.357.000 pounds less than a 2.75 dozen; "rhubarb, 1814c per pound; spinach, $2 per crate. Staple Groceries. Local jobbing quotations: SUGAR (sack basis) Cane, granuUited, 6c pooisd; beet. 0.70O per pound. NUTS Walnuts, new crop, 23 36c per pound; Brazil nuts, 23c; almonds, 27c; peanuts, ll(B;14c per pound. RICE Blue Rose, 6c per pound; Japan style, 64 c per pound. COFFEE Roasted, bulk, in drums, 18 35-"!4c per pound. SALT Granulated, bales, $3.254.05; half ground, ton, 50s, $17; 100s. $16. HONK Y Comb, new crop, $5.505.79 per case. DRIED FRUITS Dates, 1825c per pound; figs, $1.403.5O per box; apples, 15c' pound; peaches, 16c; apricots, 23c; prunes, lOVil-lc. BBANS Small white. 6.c; large white, 4ic; pink, 6c; bayo, 614c; red, 6c; lima, 8o pound. Hides, Hops, Etc HIDES Salt hides, 6c; salt bulls, 5c; green bulls 1c lees; salt calf. 12c; salt kip, 8c; salt horse hides, $12 each; dry horse hides. 50c($$t each,: dry hides, 10c; dy cull hides, half price. PELTS Dry pelts, 13c (long wool); dry short wool pelts, half price; salt pelts, 50o $l each; dry goat skins. 10c (long hair); shearings and short wool skins at value. TALLOW No. 1, 414c; No. 2, 3Hc per pound. CASCARA BARK 8c pound delivered, Portland. x OREGON GRAPE Grape root, 6c per pound. HOPS 1021 crop, 1620c pound. WOOL Eastern Oregon. 1580e per pound; valley wool, medium, 1820e; quarter blood, lriffrl7c; low quarter blood, 14i16c: braid, 3214c: matted, 914c. MOHAIR Long staple, 20c; short staple, 13o pound. - - GRAIN BAGS Carlots, 74c coast. Provisions. Local jobbing quotations: ' HAMS All Biscs, 3134c; skinned, 30 37c; picnics, 1818Hc; cottage roll, 24c BACON Fancy, 32 42c; choice, 26 32c; standard. 22 24c. LARD Pure, tierces, 34c pound; com pressed, tierces. 33c. DRY SALT Backs, 2023c; plates, 15c. f Oils. LINSEED OIL Raw. in barrels, 95c; 5-gallon cans, $1.10; boiled, in barrels, 07c; 5-g-allon cans. $1.12. TURPENTINE In drums,. $1.15; 5-gallon 'cans, $1.30. WHITE LEAD 100-pound kegs, 12'Ac per pound. GASOLINE Tank wagons and iron bar rels, 26c; coses.- 38 ic. Foreign Bonds. Foreign bond quotations furnUthed by Overbeck & Cooke company of Portland: Bid. Ask, Belgian rest ns Belgian prem 5b Belgian 7s. 1045 Belgian 8s. 1A41. . Belgian 6s, 1025 Brazil Ss, 1041 British 5s, 1022 British 5s, 1927 British 5s, 1929......... British vky 4s British ref 4s Bordeaux 6s, 1034...... Canadian 5s, 1937 Canadian 5s. 1926 Canadian S's. 1929 Canadian 5s. 1031 Canadian 53,4s. 1927.... Chinese lis, 1951.., Chilean 8s. 1941 Rubs currency 7 Denmark 8s, 1945 Dan Muni 8s. 1945 French 4s. 1917 Frencir 6s, 1920... French 0. 1931 French 7 its. 1941 French 8s.. 1045s German W L 5s Berlin 4s 4H Hamburg 43 o Leipslg 4s ; 4 Lelpsig 5s 514 Munich 4s .5, Munich 3s 614 Frankfort 4s ... 4 Italian 5s. 1918 7. . 3614 Jap 4s, 1931 7.1 Jap 1st 4&s, 1925 ' 88 Jap- 2d 414s, 1925 8714 Norway 8s, 1040 110 Russian 6a, 1921 17 Russian 514s, 1028 41i Russian 6143. 1919.... 1TH Swiss 514s, 1929 97 Swiss 8s. 1040 .114 San Paulo 8s 101 U K B14S, 1922. , 102T4 U K 5149, 1929 103H U K S3, 1937 98 69 . . . (5 . . .107 ...10614 ... 9tK ..J03 ' ... 8!) ...87 . .. 87 ... 7214. . .. 6SV4 . .. 83 . .. 951A ... 974 . .. OS 14 . .. 90 ... 90 . . . 48 ..10114 1 78 10714 10614 99 V. 10314 91 89 8914 74 70 8314 96 S 98 9874 97 4814 102 8 ..10S14 10834 .IB7 10714 7814 Light Hens 22c per lb. I)irect from producers only. Don't Inquire. Ship. Check in full same day shipment arrives. THE 5 A VINA R CO, INC., 100 Front Portland. Or. .... S.1 7414 . . o4 r,5 96'4 9614 101 101T4 514 r4 6 614 6 7 6 3714 74 8814 87.14 11014 19 5 1914 074 114fi 102 103 103 99 Stock. Sales. Hieh. 4dnms Exp... 1,500 6 Ad Rum do pfd ..... ....... Agr Chem . . . do pfd Ajax Rub . . . Alaska Oold . Alaska Jun Allied Chem' . Aliis-Chal ... do pfd .... Am1 Beet Sug. A m Bosch . . . Am an Co... do pfd Am C & Fdy. do pfd Am Cot Oil. . . do pfd .... Am Drug Syn Am H fe L... do pfd .... Am Ice Am Int Corp. Am Linseed . do pfd .... Am Loco .... do pfd Am Saf Raz. . Am S & Com. Am Smelt . . . do nfd Am Snuff . . . Am Steel Fdy Am Sugar ... oo via An Sumatra.. Am T & T Am Tob do "B" Am Wool .... do pfd Am W P pfd. Am Zinc Anaconda' .... Assd Oil Atchison 2,300 do pfd -4jtm Atl G &W I. , 900 Baldwin Loco. 22,500 Baldwin pfd.. 2im Balt.& Ohio.. 2.800 do pfd 500 Beth St "B". . 0,100 Booth Fish .-i B R T 500 Butte C A: Z.. 100 Butte & Sup.. 1.9U0 Burns Bros . 200 Cud Jo Oil ... 1,000 Cal Pack 3.700 Cal Pet 1300 do pfd Can Pac 8,800 tint Leather. 6,600 C'er do Pasco. 1.000 Chand Motor.. 3.100 Chi & N W.. 4,090 Chgo Gt W... ' 200 do pfd 900 Chili Cop 6.4O0 Chino 5(M C M St P . 2,400 do pfd 2,500 Coco Cola 900 C & O 1.800 Colo F & 1 300 Colo South. ... 1,100 Col Gas & El. . l.louf Colum Graph.. 900 Con Oas 3.4U0 Cons !gars. . . 1,000 do pfd Contl Gas. 900 Clt SVC Bkrs Corn Prod 2,300 do pfd 100 Oosden Oil 2,100- C R I & P 1,000 do A pfd 200 do B pfd... 600 2,200 200 1,500 200 ' 3i9)0 2,800 300 aoo i!ioo 1.200 1,500 "fllioo 100 100 1.4011 200 6.200 4,70 6,200 700 1,600 '306 1,600 600 ' 3o6 1,300 2,100. 20 J, 10(1 aoo 1 00 600 2,500 200 5,400 Low. 64 36 3414 58 57 14 IGH 16 14 14 58 14 - 5714 45 44 54 93 92 36 36 311 39" 9814 64 149 14714 "is" '2114 45 'i 45 14 5:i 5H J4 14 67 66 1(1014 UH 48'4 4214 33 81 59 574 10814 107 "i" "i" '4 H 4614 45 133" 13614 3214 82 .07 0614 95 85 2514 2314 118i 118 13454 1S414 130 '4 130 14 83 83 'l3 'l3 49 4714 2,300 100 1,000 2,000 100 2,200 700 V.700 1.80O . 2,200 do "B" ...V S. 400 Penna . .. . 1,500 peo oaB 1,500 Pere Marq ...... - 8,400 Pure Oil ..... 1,400 Phillips Pate. 1,200 Pierce Arrow. 13.100 Pierce Oil.... 4,500 Pitts Coal 300 Pitts & W V 600 Pr Steel Car.. BOO Pullman ...... 5,900 Ray Cons.... 500 Reading 8,100 Remington . . 1.600 Replogle Steel 2,000 Rep I & S.... do pfd Rep Motors... Roy. Dutch Oil Ry Steel Spg, Saxon Motors. Sears Roe.... Shattuck, Aria Shell TAT.. Sinclair Std Oil Ind.. Std Oil N J. . Sloss Shef ... Sou" Pacific .. 10,900 Sou Ry 1,400 Std Oil Cal... 700 St L & S F. . S.800 Strombf Carb 200 Studebaker Swift A Co. Tenn Cp Ch Tesas Oil Texas Pacific. Tex Pc C A O Tob Products. Tran Con Oil. Union Oil Del. Union Pac... United Alloy.. United Drug..' United Fd Bd United Fruit.. Union B & P. U S Cst 1 Pipe td Ret Stores U S Ind Alch U S Rub do 1st pfd. . U S Steel do pfd Utah Copper.. V Chem .... do pfd Vanadium Stl. Vivandou .... Wabash do A Jfd.. do B pfd.. Wells-Fargo . Western Pie.. do pfd Western Union Wsthse E & M West Md White Motors. Willys-Overlnd - do pfd. ..... Wilson Packg Wis Central.. Woolworth Worth Pump.. WALE White Oil 4914' 35 764 2314 34 8H4 1614 814 61 25 651 118 14 74 32 31 63 84 5 50 48 34 7014 23 33 81 14 8 61 24 65 117 13 74 sm 81 62 84 5 60 98 64 8 'is 88 180 63 7 '19 85 179 84 19 95 24 39 95 . "io 45 81 24 63 9 19 13114 26 68 1.200 ,1.18 81.800 700 1.500 2.400 1.000 500 2.4n 800 5,100 800 200 800 1.800 1,500 3.500 3,500 39,300 100 2,100 900 200 2,100 -400 2.700 ""700 200 "'266 1.100 1.100 700 8.200 000 500 200 2,500 40O 2.300 BONDS. 301-4 26 65 45 55 "oii 116 63 31 67 33 "7 22 -85" 15 '96 53 '4 39 5 26 38 150 48 I 9 83 18 24 39 934 'io' 45 80 24 62 9 19 131 26 68 3 137 67 25 54 44 64 '89 116 61 Si 34 "7 21 'fl ' 15 90 53 1 9 38 4 25 37 28 140 46 7 9 49 34 78 22 33 31 15 s 60 24 69 117 14 74 82 30 52 83 5 50 97 " 2 63 7 88 1 85 177 39 83 18 95 24 39 . 94 102 , 10 - 45 31 . 24 62 9 19 131 26 67 3 136 6814 25 54, 44 54 V, 99 90 116 62 -31 67 35 7 7 21 14 84 15 14 51 90 5314 9 3S 4 26 37 27 1.10 47 7 9 Humble Oil Ts i .......1923 Int Rap Tr ref 5s.... 19 Int Mar CT 6s .....1941 Kelly Springfield 8s.. ...,1931 Kennecott 7s 1930 Libby, McNeil t Llbby 7s 1931 Morris & Co. 7s ..1930 Mexican Pete 8s 1S36 NYC call 7s....... 1930 Norway 8s : 1940 N P & G N (Jnt) 6s. ........ 1936 N P 6s 2047 Northwest Te-1 7s.... 1941 Ohio C G 7s 1925 Ohio Power 7s 1951 Pan Amer 7s 1930 Rus Rubles 5s 1.926 San Paulo 8s...,.;.... 1986 Southwt Tel 7s 1925 Swedish Govt 6s. ...1939 Standard Oil N Y 7s. . . . . r. . . .1931 Stand Oil of Cal 7s ......1931 6teel & Tube 7s 1951 Swiss 8s 1940 Sears Roe 7s 1922 do 7s 1923 Sinclair 7s 1925 Swift & Co. 7s 1925 Un Tank 7s 1930 Uruguay Ext 6s U S Rubber 7s 1930 Wilson first 6s 1928 West Elec. 7s..' .1925 Westinghouse 7s. 193t Zurich 8s 1945 100 64 92 103 102 99 103 101 106 110 106 106 107 100 101 , 96 4 101 101 97 108 105 98 114 100 9 100 101 102 . 66 104 85 104 106 109 98 88' -27 105 106 36 64 65 'ii 5 27 116 11 73 49 131 33 34 84 68 7 17 26 20 34 45 58 26 45 70 1 94 97 - 86 26 104 106 . 35 54 ' 63 'iP ' B 261S1 11614 10 72 49 i294 82 38 64 8 7 17 16 26 20 33 45 58 26 44 60 1 91 20 800 300 5,800 1,500 8(H) 1.600 l.aou 9.400 300 300 206 1.600 4.900 500 Standard Oil Stocks. Standard Oil quotations furnished by Overbeck & Cooke company of Portland: Closing. Bid. Asked. Anglo 17 17 Borne Scrysmer 325 350 Buckeye . . .- 91 - 93 Chheesebrough 185 195 do pfd 109 112 Continental 128 132 Crescent 32 34 Cumberland 135 145 Eureka . . 88 90 Galena com 43 Galena Old pfd ......107 Galena New pfd 100 Illinois Pipe 187 Indiana Pipe 89 , National Transit 29 N Y Transit ,....154 Nsshern Pipe . .1 .....102 Ohio Oil V. ...209 Inter'l Pete1 14 Penn Mex 18 Prairie Oil ....,635 Prairie Pipe 245 Southern Pipe 94 South Penn Oil 183 S W Penn OU 59 S O Ind ex.- - 85 S O Kansas , 545 S O Kentucky 430 SONY , 361 S O Ohio 880 do pfd .,,..,115 Swan & Finch 30 Vacuum t . ...... 334 Washington ................. 2S - S O Nebraska 165 Imperial Oil 101 44 110 102 171 91 20 157 105 272 15 19 645 246 96 190 68 85 563 60 365 890 116 35 337 32 ITS 103 Crucible 4 8,800 do pfd ..... I0U Cuba Cane 800 do pfd 60O Cuban Am Sug 500 Del & Hudson '. Dome Mines. .. Del & Lack. . . Davison Ohem.. End! Johnson. Erie do 1st pfd. . Elec Str Bty.. Fain Players.. Fed Mk & Sm. do pfd Fisk Tire Gaston Wms. . Gen Cigars . . Cn Eiec Gen. Motor. . . . Glen Alden... Gen Asphalt.. 11,900 Goodrich 200 Goodyear Granby Great 'Nor Ore. do pfd Greene Canan. Gulf S Steel. .. Houston Oil. . . Hupp Motor... Ills Cent. . . . . . Inspiration . .. Int Ag Cor cm. do pfd 3U Interboro 100 do pfd 400 Int Callahan.. 100 Int Harv 300 tifrt . Int Merc Mar. do pfd Int Nickel Int Paper .... - do pfd Invincible Oil. Island Oil.... Jewel Tea . ... K C Southern. do pfd Kelly-Spgfd..-Kennecott Keystone Tire Lack steel... Lee Tire Lehigh Valley Lorillard .... Lowe Thea... L & N Marland OH. . Martin & Parry stores. . . 900 1.900 Jl,200 . 600 ' 1.000 100 1,500 56 18 103 114 35 36 80 77 62 81 9 24 1 '23 111 60 80 11 17 141 82 A... 38 12 . "(18" 148 8 . 45 62 37 35 76 '76 76 14 102 39 8 37 3 8'i 5 84 56 18 1S3 114 34 35 88 76 60 8t 9 24 18 '23" 110 68 80 10 16 140 81 'is 1" 12 'eiii 147 . . 8 45 61 37 75 "73" 75 14 102 38 8 36 3 8 5 84 200 8, 6UO 2,000 900 V.iii 5,900 8,200 600 15 71 12 48 "ii 2 16 24 15 09 12 48 "i4 2 15 24 Mex Pet Miami Mid States Oil Midvale Steel. M K & T WI. do WI pfd.. Mont Power.. Mont Ward... Mo Pac ..... do pfd M St P & S S M Nor . Am Nat Enamel.. Nat Lead Nevada Con.. New Haven.. Norfolk & W. Nor Pac Nov Sco Steel N Y Air Brake N. Y. Cen Okla Prod ref Ont Sliver.... Ont & W Otis Steel.... Pacific Dev.. Pac Gas & El. Punta Allegro Pao Oil Pan Am Pet. 2,300 4,200 200 900 200 2,200 200 1,800 100 30O 2,000 100 46.200 1,400 14,700 3,500 200 2,400 1,000 1,000 2O0 600 3,500 100 1.200 -4,100 400 6,300 5.300 300 1,100 . 600 300 100 100 300 8,000 18,800 . 37 27 16 48 27 69 151 12 113 27 30 109 123 26 13 30 10 30 68 13 . 18 49 66 57 43 , 89 13 18 100 80 76 2 21 10 -7vi 83 37 46 65 36 27 13 48 27 58 161 12 113 H im 120 25 12 - 30 10 27 66 12 18 48 66 57 42 89 13 17 100 79 76 2 5 21 -10 7 65 87 Bid. 64 13 85 35 58 15 57. 45 92 35 35 39 98 147 116 21 45 5 14 V, 66 98 43 32 57 107 13 3 (, 8 45 90 130 32 67 94 24 118 134 130 83 103 25 13 48 99 9714 85 27 104 100 36 54 64 6 11 5 . 28 11614 11 72 48 86 130 33 88 04 68 8 17 16 26 2014 34 45 58 26 44 69 .1 93 21 50 54 18 103 114 34 35 88 76 1 81 9 '23 18 111 23 110 58 80 30 16 130 82 8 38 "& ' 87 147 8 . 45 61 37 , 10 27 35 75 26 75 78 14 101 38 8 87 3 8 5 84 105 15 71 12 48 80 14 2 15 24 53 37 27 16 ' 48 27 58 131 12 113 .26 29 107 122 28 13 30 10 30 66 21 18 48U 66 08 42 89 , 1 17 100 80 23 69 76 2 5 21 10 7 84 U S 2s ree do 2 coupon. .101 do 4s. reg. . .104 do cv 4s, cp. .104 Panama. 3s. reg 79 do coupon ... 79 A T A T OV 6sl10 Atchen gen. 4s. 81 R & R con 4s..74 NYC deb 6s... 0914 N P 4s......... 84 do Ss . . . . 60 Pac TAT 5s..94 Pa con 4s 94 8 Pacific cv 5s'9fi Sou Ry 5s 90 union Pac 4S. . i U S Steel 5s...l00 Bid. Liberty Bond Quotations. Liberty bond and victory bond quota tions at New York as furnished by Over beck A Cooke company of Portland: upen. iiagn. i.ow., i-iose. . 97.10 97.10 96.94 Liberty 3s do 1st 4s do 2d 4s. .. . . do 1st 4Hs.. do 2d 4 lis., do 3d 4s ... do 4th 4s. . Victory 4s... do 3s 98.40 98.40 97.40 96.56 97.00 96.76 97.64 97.30 96.4(1 96.22 98.90 96.70 96.50 96.82 96,74 97.50 97.14 .100.12 100.16 10l.12 100.14 99.98 100.00 99.98 99.98 Mining BOSTON, Feb, Allouez , Ariz Com' Cal & Ariz ' Cal & Hecla. . .: Centennial .... Cop Rg Con Co E Butte Cp Mn Franklin I Royalle (cop) Lake Copper . . Stocks at Boston. 15. Closing quotations: 28 IMohawk 56 8iNorth Butte ... 11 8l4:oid Dominion.. '-'4 33 43 SO 11 4214 10 1 23 "2 Osceola Qulncy Ruperior J Shannon ....... 1 Utah Con 2 Winona 45 Wolverine 10 Swift Co. Stocks. Closing prices of swift & Co. stocks at Chicago were reported by the Overbeck & coqae company 01 -omana as toiiows: Swift & Co 102 l.lhbv. McNeil A Llbby. 5 National Leather 2 do new JO Swift International 22 Money, Silver. Etc. . NEW YORK, Feb. 15. Call money easier; high, 4 per cent; low, 4 per cent; ruling rate. 414 oer cent: closlne bid. 3 per cent; offered at per cent; last loan, 4 per cent; call loans against acceptances, 4 per cent. Time loans firm! 60 days, 4o per cent; 90 days, 45 per cent; 0lx months, 4i (fi5 Der cent. Prime mercantile paper, 4tf5 per cent Foreign bar silver 66c. Mexican dollars, 50 c. LONDON, Feb. IB. Bar silver. 84 d per ounce. Money 2 per oent. Discount, rates, short bills, 3 8-10 per cent; three monsks mine, sawa Hem.. New Yrk Bonds. New York Bond quotations furnished by Herric A Rhodes, inc.. 01 fortiana. Maturity. Am Tob 7s 1922 do 7s 1923 Anaconda 7s B ....1929 do 6s A ' 1929 Armour cv Ts .....1930 do 4s .1939 Argentine GI 5s 1848 Am Ag Chm 7Ht 1941 Beth Steel 7s... 1922 do 7s . .1923 do eq 7s .-.1933 Belgium Ext 7s 1945 .do 6s 1923 do 8s 1940 Bergen 8s. city of...... ,..1945 Berne 8s, city of .......1945 Brazil 8s ..1941 Canadian 5s 1926 . do 5s .' , 1931 do 58 -....1937 Can Nat Eq 7s ....1935 Ohl N W 6s 1936 do 7s 1930 C M A St P gn A rt 4sA 2014 Can1 Nor 7s 1040 Chile Bs 1941 Christiana 8s. city of 1945 Copper Exp 8s do 8s . , do 8s '. do 8s Cuban Am Sugar 8s.... Con Gas cv Foreign Exchange. . 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 States' funds: Country Unit. - Rate: Austria, kronen , $ .0006 Belgium, francs 0830 Bulgaria.- leva .0080 Czecho-Slovakia, kronen .0200 Denmark, lxoner 2075 England, pound sterling 4.8750 Finland, finmark .0210 France, francs .0875 Germany, marks .0054 Greece, drachmas .0460 Holland, guilders 3750 Hungary, kronen : 0020 Italy, lire 0493 Jugo-Slavia, kronen .0037 Norway, kroner 1685 Portugal, escudos ...i ...0840 Roumania. lei ...' .0090 Serbia, dinara .0140 Spain, pesetas 1585 hweden. kroner ?83ft Switzerland, francs .1960 China Hongkong, local currency... .5425 Shanghai, taels ...1 '.7650 Japan, yen ; .4825 NEW YORK. Feb. 15. Foreitrn exrhanire easier. Great Britain, demand $4.35, cables $4.35, 60-day bills on banks $4.32; France. demand 8.63, cables 8.63; Italy, demand 4.86. cables 4.87; Belgium, demand 8.26. cables 8.27; Ger many, demand 50, cables 5014 ; Holland, demand 37.2A. cables 37.32; Norway, de mand 16.65; Sweden, demand 26.15; Den mark, demand 20.70;" Switzerland, demand 19.51; Spain, demand 15.72; Greece, de mand 4.57: Poland, demand .08; Czecho slovakia, demand 1.89: Argentina., riemnnri 36.75; Brazil, demand 13.50; Montreal, 96. Winnipeg Whesvt Market. WINNIPEG, Feb. IS. Wheat. May $1.35. July $1.30. 0 Rated "AAA ' H 1 Southern Pacific I San Francisco Terminal First Mtg. i Gold Bonds Due 1950. Security, Rated "AAA" Income, 5.35 Marketability, Instant Listed on N. Y. Stook Exchange Railroad Terminal TrtD- erty, In larg-e cities, has always been regi ideal security. ?garded as Dia Match 7s : Denmark 8s.... Danish Mun 8s.. Dupont 7s ... Grand Trunk. 7s. Goodrich 7s.1.... Goodyear 8s ... Gulf Oil 7s Great Northern Hprshev 7's . . 1923 1923 . 1924 .1925 .1931 .1925 .1935 .1945 .1945 .1931 .1940 .1925 .1941 .1933 .1936 .1930 Price. 101 102 102 98 102 88 78 100 101 101 102 107 99 106 108 100 103 97 96 98 105 108 108 v 56 109 101 109 100 102 102 103 104 103 107 108 107 104 107 . 97 112 103 107 1 90 "4 These bonds sold at 92 in 1910 and should sell there aain. A rare in vestment affording- -prospect of large increase in value. We offer these bonds at mairket 804 to Yield 5.35 G. E. MILLER & COMPANY Portland Seattle. 2d Floor Main 4105 Northwestern Bank Bldg. Investment Opportunities i- and Oar Twenty Payment Plan These nubliottionl tell ef good iavest meiit stocks, whioh can be purchased en mall payments extending over a period of twenty moatha. This plan wu origtiiatad by ns ia isus. Ten eaa seoare both frae. Writ for 17-S. , nefefmnf Securities 40 Exchange Place, New York ' r? raise jd MlSi Income Tax Exempt Yield about 4.90 Yakima Co., Wn., Road 5 Vs s, 1937 Due Jan. 1, 1937. Opt. '26. J&J. D. lO00102.16 5.00 Portland, Or., Imp. 6s, 1931 Due Oct. 1, 1931. Est. '27. A&O. D. ?1000104.7o 5.00 Union Co., Or., Road5V4, 1928-35 Due Jan. 15, 1928-35. J&J. D. ?1000101.28-102.37 5.125 Gilliam Co., Or., Road 58, 1942 Due Jan. 1, 1942. J&J. D. $10000101.55. 5.125 Morrow Co., Or., Road 5V88, 1929 Due Nov. 1, 1929. M&N. D. 1000(g)102.40. 6.00 Port of Astoria; Or.,.6s, 1930 Due July 1. 1930. J&J. D. $1000100 6.50 Cowlitz Co., Wn., D. D. No. 4 7; 1938 Due Jan. 1, 1938. Opt. '29-'S3. D. $100102.78-103.89. Full details gladly furnished. Wire or telephone orders "collect." Use our - Partial Payment Plan FREEMAN. SMITH & CAMP CO. Lumbermen Bldo.. Portland sssssssssssssB FIFTH yJfil Ktsg; FHONI I TK sjAJgp 6740 We own and offer the following Oregon County Bonds ' ; Maturity Yield Benton County, Oregon, 5s... 1926 5.00 Lane County, Oregon, 5s. . . . .1934-43 4 -495 Lincoln County, Oregon, 5123.1929-30 5.10 Malheur County, Oregon, 5i2s-1927-39 5.10 Marion County, Oregon, 5V2s . . 1930 4.90 Sherman County, Oregon, 5s. .1939 ' 5.09 Tillamook Co., Oregon, 5y2s . . . 1929 5.00 Union County, Oregon, 5s: .1927-32 5.00 Yamhill County, Oregon, 5V2S. 1931 4.90 The period of low priced bonds is rapidly passing. We . recommend the purchase of the above high-grade county bonds before the permanent higher levels are reached. Exempt from Federal Income Tax ' Complete details on request Telephone or telegraph orders collect BOND DEPARTMENT Open 8:30 to 5 Saturdays 8:30 to 2 JLABB & TILTON BANK ' Oldest in the Northwest WASHINGTON at THIRD Mi 5 MUNICIPALITY OF ST. JAMES 6 General Obligation Gold Bonds 6Y2 for 20 years Payable U. S. Gold Coin NOTICK OP REDEMPTION TO HOLDERS OK VICTOR NOTES AND OTHERS CONCERNED. Notice 1 Hereby Given as FollowBl . 1. Call for redemption of 3 per cent Victory Notes. All of these 3- per cent series of United States of America con vertible gold notes of 1922-1923, otherwise known as 3 percent Victory Notes, are hereby called for ;edemption on June lath, 1922, pursuant to the provision for redemption contained In the notes and the treasury depart ment circular. No. 138. dated April- 21st, 1919, under whicli the notes were originally Issued. Interest on all Victory Notes of the Z per cent series will cease on said redemption date. June 15th, 1922. 2. Suspension and termina tion of Victory Nate conversion privilege, in view of the call for the redemption of all 3 per cent Victory Notes on June loth, 1922, and pursuant to the provi- , sions of said treasury depart ment circular. No. 138, the privi lege of conversion of Victory Notes of either series into Vic tory Notes of the other series fa hereby suspended from Febru ary 9th, 1922, to June 15th, 1922, both inclusive, and on June 15th, 1922, will terminate. Victory Notes, accordingly, cease to be interconvertible, effective Feb ruary 9th, 1922, and on and after that date no conversions of the notes may be made. 3. Detailed information as to the presentation and surrender of 3 per cent Victory Notes for redemption is given in treasury department circular. No 277, dated February 9th, 1922, two copies, of which are available at the treasury and ' the federal reserve bank. A. W. MELLON, Secretary of the Treasury. "Winnipeg, Manitoba Dated January 1, 1922 Due January 1, 1942 Denominations $1000, $500, $100 ' Legal opinion, K. G. Long-, Esq., Toronto FINANCIAL STATEMENT ' Assessed valuation "for taxation, $8,537,174 ; general debt (this is the only issue), $400,000. Population, estimated, 15,000 Tlie municipality of St. James is an important part of Ureater Winnipeg, though a thriving municipality in itself. This is its first and only bond issue and a study of the financial statement will show of what unusual character is : the security behind- these bonds. Nothing -being offered on the market today is comparable in desirability to this Issue. Price 94.45 to Yield 6M Principal and semi-annual Interest payable in TJ. S. Gold Coin in N. Y. City or at the office of Morris Brothers Cor poration, Portland, Oregon. . I'hone or Telegraph Orders at Our Expense. U3J 1 1 Il ' MORRIS BROTHERS CORPORATION Morris Building Broadway 2131. Portland, Oregon, 30f-3 1 i Stark Street. -sate Deposit Hoe. a. or a n Republic of Bolivia 6 Serial Gold Bonds $1000 Den. Price to Yield 8.25 Thse bonds are payable in U. S. Gold. They are the direct general obligation of Bolivia, third largest country in South America. Bolivia is wealthyy her per capita debt is very low, and her credit extremely solid. Bonds1 are due 1926-28. m0 Province of Buenos Aires 3 j " Sterling Sinking Fund Bonds 200 for $475 This province is the wealth iest in the Argentine re public. At present exchange rate bond! will give a straight 6.34 yield. With sterling at par, these bonds would have a maturity value of $973.30. This bond offers opportunity to profit heavily on principal invested. LUMBERMENS Broadway and Oak. m r. FRENCH RECONSTRUCTION Paris Coal production of 28,240,000 tons in France during 1921 compares with 25,274,000 in 190 and involved employment -of. 240,000 men compared with 224,000. Of 702,000 houses destroyed in the devastated regions it is . officially announced that 835,000 have been repaired while 3986 out of the 4084 industrial establishments destroyed have resumed work. Of the 8,342,000 acres laid bare 5,000,000 are now under cultivation. - Nearly two-thirds of the roads and all the water ways have been restored. (Wall Street Journal, Feb. 9, 1922.) We offer: Department of the Seine, France, (Including the City of Paris) 1 Gold Bonds to Net 7.95 to 8.75. French Refinhllc "!' Goldi Bonds to Net About 8. Principal and Semi-Annual Interest In the. Above Issues Are Payable in TJ. S. Funds. I pevereauxSy(5mpany INVESTMENT BONOS 3T SIXTH STREET PORTLAND, OREGON . BROADWAY 1042 1 feONDS U. S. D. & Trust Co. . 284 Oak St. , INQUIRIES INVITED We Will Sell 6.0 shares of stock In one ot Port land's well-known banks. Price and details on application. 21 Pacific States Fire Ins at $15.60, enlisted Stocks nnd Bonds a Specialty G, B. HARRINGTON CO Title Trust Bld. Bdwy. BIS 87, YAKIMA COUNTY, WASH. 512 Road Bonds Dated . Due Jan. 1, 1922. Jan. 1, 1937 Opt. Jan. 1, 1926. PRICE TO YIELD 4.90 To optional date. 5 Thereafter. Wire orders colkct. Ralph Schneeloch Co. IftlNICIHU, AND CORPORATION ITNANCS LUMBCRMENS BUILOING DnRTLAND. Oliroot s SOUTHERN PACIFIC TERMINAL 4s. Due April 1, 1950 These- bonds are a direct ob ligation of the Southern Pa cific Company and are se cured by a first mortgage on the San Francisco Terminal. These bonds, until the be ginning of the world war, sold' high at 934 and low at 86. Their average price under normal bond market conditions is about nine points above the present offering- price. Listed New York Stock Exchange. . Price 80 to Yield 5.35 E.H.ROLLINS &SOSS investment liondt BOSTON NEW YORK CHICAGO SAN FRANCISCO LOS ANGELES 411 Lewis Building, Marsball 205 PORTLAND J ' SURE DEATH TO MARGIN CALLS PUTS AND CALLS "The Safest War to Trade." $40 call option for seven days ' showed over $1000. Send for booklet, "How to Trade In PuU and Calls." Prompt Attention to Mall and Telegraph Orders WATSON & COMPANY Investment Securities, 625 Stock Exchange lluildins;, Los Angeles. HERRIN & RHODES, Inc. - Established 1896 STOCKS, BONDS, COTTON, GRAIN Correspondents E. T BUTTON & CO.. Members all leading exchanges Babeon's HerTlo on File. Bdwr. tiia. WI Kailwar Kf hangs- Bldft .1 V