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

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

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Newspaper Page Text21. THE 3IORXIXG . OREGOXIAX, TUESDAY, AUGUST 8, 1923 ILL Gli UNDER , PRESURE DECLINE Hedging Sales and Liquida tion Hit Market. EXPORT DEMAND LIMITED Xews Generally Such as to lase Market ; Farmers la Soutli i wei Selling Freely. : BY CHARLES I. MICHAELS. I By Chlcsco Tribune led Wn.) CHICAGO. An. 7 With ths xe-p-tlnn nt fcptrober lwt and r,ivrtl o! ta four major Kr.lns dropprd to nr low tor tn season ua dsr th combined pressure of hr'-K'TiK M.sa and l.qulilatina. c."in trade, will., as a fair ra.Sv. due to short cov- r:nc. wer at !. of HtjX'mC on srhsst. StfV on corn, S9c on oau M tr ic on ry. I v. r -io.il was r!osd and eacnort bus! w with tho continent ooiy la.r. Local trader sr.r. forced to rely upon domestic dvtopnintc lor market Incentive and t h m r. p wk fMiter&llv wu In favor of a lower range. Cub wheat wa V1. loarcr. aa compared vun epieusrr in tho nmplt market, and whlis tho car aaortace was reoortea .s mcrsn, irr- mtnal receipts wra only 1T3.U00 bush.. a lees than last Tear. September, after !Un at the am price as uecember ear.y. turnea wea to ward the last and finished mc under. Kxport business was not sufficient to et.'sst the fresh heditinc iia.iit pur chases In the southweet. where farmers are solans- freely. The visible supply has started to Increaee rather rapidiy fi.nlnt 2.7S,O0O buihels for the week. Crop reports were not a factor, although In partp of the province of askachean the outlook is somewhat less favorable. LlQtiidatlon and stop-loss siUrir car r!ed tfepteniber corn under ftwc for the rlrat time this season, but around mat flaure short eeverins was in evidence. and with the assistant- of a decrease of ... bimheis in the vmbie supply and 2.749. Ooo bushels in local stocks. inad a rally toward the close. LoE-a sentiment a"eneraiiy was bearish. De mand for cash irratn was less active. . :th Industries te bejt buyers. thip plnir saies arevated 173, (Nhi bushels. in crltitHns; liXl.tn-.il bushels to exporters. Re ce;tis were 141 cars. Oats held within narrow limits, with Peptemher under pressure and lestHna the dec. use. There was some ptxtne of Sep tember and and selltr.e of yit around a e-cent difference early, mhtrh was tributed to a local cash house. Report ers took 40.000 bushels here. Receipts were L.s car. Weakness in wheat and northwestern nedft-ir. pressure were the main depress tnc iniiuences in rye. Minneapolis and tiul-ath reelved cars. No. 2 on track soid at ;'ijc over September. Hales of Z-i sacks of rye flour were made to ex porters, witn more business under way. .New lark Honda. Furnished by the Jordan A WeotwortB CO':t-n- of lort.anu: West Kiee Ss' 1?2 life West U T col Tr 5s l'-'M ! wt Union H J1s it s ii it Wili-on cr Hias St4 Public rtliltles Amn l.t Tran IMS Amn Tel coll -Is i2a V Amn Tel coil 5a, 114 Arou Tel Ks 1 !-." 11 Beil Tel of Ta 7s 1K4S H" H R T 5 ll4.t 8;t4 Cal Gas unl s lf.17 BUS Cities Service 7s B ! City Service t C " City Service Te D 1 ' Int Mel S . l!r. 12 liit 11 T rt-r J .....- I-arlede (las 7s 1H7S Jlunt I'ower as A l4il H Northwest Tei 7a liMl J Pc Tel 4s 137 7t Fac (las Is 1SM2 I" I (! Tel 7 1U22 1U4 till Bonds . Anxlo Amn 7Hs lt-5 103H Atlantic Kef ? 1931 103S na S Ull 7s 1!3 1U4 iu.T Oil 7a I'.'SS Humble 7s J'.-3 Kan Amn 7e ............... 1 Mex 1'et cv Bs IKSd Sinclair 7s S Csl 7s 1!31 a o m v 7s mat T-as Co 7s I'll-3 Tidewater oil SSi 1S1 Vacuum Oil 7s 1338 Koreirn government bonds Argentine 2d 7s la23 do li I lie ! KAilroed boo Atchticon sen 4e .......... A c I. 4s 1 !:.. ! 7s 1 . B sold 4s l4t do con 4 4a ct .......... I'.ii3 do ref &s ............... lm5 (anedmn s ............ I'.i2 Canauiao Nor Se I4 do 7s ll4ii Central Pac 1st 4s lt'. tf.es 4c Ohio cr O1.,... li-IO do Iten 4b . . . lin2 do cir Ks l".4ti do con li.ti C H A Q 1!1 m 4a 14: C West Ind 4s Iw5i C It W 4s 1 ..'. C l ft l 4s lJ-'S do cr 141 ............... iwiill do pen 4s A. 1& do cv S-s LH14 do m an-! r 4rt A........ o!4 Chi N W sf Sa 1 do S'-n 4s ............. 117 do rtje -,in do 7s lH.t C R I P ref 4s J34 Coo So rf ex 4 4 s. ........ . 1H35 do 4s li-J. Xei AilQdian er e ........ 1 i.'i r, do 7 li15 D A R C. cr 4s IM4 do ref 5s ................ lt.5 Krie P t. 4s , l'.fol svrle coa 4s As IM.'.a do 11 1!.J3 dn l 1-..Y3 Krie I'a : O 4s 1 -.: Cd Trunk et 441 lii.ia Ore.it Northern 4se ....... lil Ct Trunk fca l.l do 7s 1!4 III Central Jt 5a l-otj do ref 4s 13.".. X C aootr.eo ref 5. ...... lwu Kre A I l 1st 5s ........ . 1 !i.M 1 S A M & 4a ............ r.;i 1, A N 7s 1!3 do unl 4 !!4 V:PA. M I4 l:4 XK4I 4 s 1 !,) XP Iten 4s l7i do ref Js m.-s do ref 5......... 1 !" Jn'YC deb 4s... ....... lil.14 do con 4s !!$ do ref imp 41 ;MS do cv deb 6a 10 c 7s ..... It. . ?fVNM. if cv s N' Tex A Mex 5s Iwi NP PL 4s 1-.37 NP 1-04 7 M' Ut Nor Jt im "L lef 4s.... l!'! Fenna ;s lw.ift do r"n 4?ss ;.-, do 4:s .................. 3;H do (c-n 5s................ 1 do 7 IM3.1 Feins RR s V.ii Resdin sen 4s ............ Ii-.i7 6AI. 4s 1.1 mi do 5s ................... lt:J do A l!4i Foa Ry con 5s. ............ . l!o Jto Pec cv 4s lit-TJ lo rer 4s. .............. . 1 no si term a. . . ft P eonv . ...... itI..M-- Pi. 4s A. do rn 5s do PI. 5s B... do -n 'As...... do sdl as do Inc Cs ...... BtUSW let Ss .. do con 4a ..... do 1st 4 Tex Pc 1st 5s... I'D PC 3t 4. do cv 4s ...... do ref 4s ...... do As T"n Tsnk 7s Wsbssh 1st 5s .. do 1 5s ...... West Psc 5s .... Industrials Al ied Packers Be Am. Arr Ch 7-s Am st 1st 5a .. Am Toh 7 Ansccnde ts A . . do 7s ft Armour cv Is ... do 4 s . Beaver Hoard M . Beth sited 7s .... do ref 5 Orro P.sco 5a Cni.e c.nv be A . do 7s Col "Ira- h Ns . Ccpikt jKxi Ma ............ 1 !.'.! do IH.-4 do 1'1'5 Colo K A I ecu 5s 1'M.I Ceio lr I 5s ............... 1 -i i 4 ru Am Sag s III.: 1 Ctiosn C i : e cv 7 .......... rluilers &ec cv 5 ......... li'7 T- tm Match 7 l-c.5 lut'; 7', a I'.iil f'r-rir. (las Fuel 6s 1 -.4 ""k -s ln-M tlen r:e oeb 5s do s I'MII f7o.wr-'-'i 7. ................ 11.'. (loo-iv ..ir a ............... lv t H'iPl 7s V;io l.r-.ey 7 ' s ............. li:lo J.! deb 4Ut 104.1 Ind Stet 5s V.: Int Acr 5 Int Marin CT ". 1;ll K -I!y-.-ririnrfle!l !s liitl Keer, ,;t 7s l- .0 I-aclc ?'eei 5s li'j:t tlo lt ." lt.o IJNby M-N- A I. 7s lvt.it 1-ia A Mrt 5 ........... ls51 do 7 4 X-e-rliiard 5 ................ 1V. do 7s 1144 M-lvi 3. lo:it Mm A Oo , I'i io Proc A Oamblc 7s I...-? do 1-..-1 ftears Roe 7s ............... i Sears hoe 7s in'j 8tl Tone 7a i-i't A t o. 7. !.-.-. Swift Co 7. 1M1 I'rited Iriift s 3 M 4 1 I 8 Rub 1st ref 3s 1f47 t St ReS 7 S s lu 10 I" S Steel f 5a lK.i.1 Va Chem 5s 1!.4 V Car Chm J J34 1 V M 1!'3I ll."KI 1H31 1!.'.. 1'JtMI li .J Mrt2 !:. r 14I 1W.-7 -e.H liS 3l.il l!3i li3! lil-i 111"? 11.41 l'7 i:u-1 liljil ftty.t l'4l l'.ill li'1.1 lirjil .1 MS 4o'5 lwT i 5- ivi ie (ill IMS ll2e - lui' 3 74 M 71S 714 To !c.l llo lor s " 02"- !HI 1, b3 vS 1HS 77 4MS ti!l 52 53 Sol, Sil l"oS s'.i 4 li3 4 IMS 1m Si. hi-S !3 i-, i;s t2 13 , iai4 6 S llMIS s 9IS t.1? 7'w l.t lo.S H 7 - ' h s 1nS 13 '.Kl . l'e 3S loo 12'i S IMS tM -iS M'l 0S MS 1 Mi J2v 73 S 5S (.74, 103 s . 73 74 I 3 ; ! sS I'M H lt'3 :nS i" " 4"4 !" 1"4 li4 !oi l 1 2." S Belium ha Hericen Ss Herns 8s ............ ("hrtstlania M ....... topenhaiten 3s .... I.anlsh crtnsol Kt.... French Cities as..... Italy ASs A U S Mex 4s do ext 5fl T'rucruay ext 5a...... Zurich s Curb bonds Allied Packers lis ... Am Tel A Tel 6s.... do 6s Anaconda Copper Is. Anslo Am OH "Ss... Armour A Co 7a..-. .. Beth titeel 7a Copper tit assn 8a . . do ba Gulf Oil Co 7s Humble Oil 7s Inter Rapid Trsn 7s. Southwestern Tel 7s. Standard Ull N Y do 7s ............. Swift A Co 7s do 7s Vacuum Ull 7a HMO )U4.1 1943 1U43 li'4 4 1!4 1!34 IW-JS 1154 145 1943 1822 1(124 1P3T lm'4 1U25 1P3S 1!J 1I2 1U31 1114 ln4 11 li3 104S 1S 1I l(3i 107i IOO14 M5S 105 S 11S 114 1 U3 S 11(1 lues 82 S 0S 45S 74 11s MS 1IM S 113 S K'SS I04S 13S 102S 103 a 104 100 BJ 14?4 lt) Hts i-' 102 S 107 S FRENCH BONDS ARE FIRM t srKcriATrvK rails reach NEW MARK FOR TEAR. (xevada Con IfiS , N-w Haven .... 8.700 32(4 31 S 31 Bid. Forelg-a Bonds, Fumislied by Ovcrbeck A Cooke com pany of .Portland. Belartan rest 5a .... do prem &s . . . do Ss do (Is British 5a ......... do do British vkv 4a .... do ref 4a V K SS do do .............. Bordeaux ( ...." Canadian As ...... do SSS do do 5s ........ do .... Chile as French 4s do 5s do do TSs do &s German W L 5s , Berlin 4s Hamburs: 4a ...... HsmburftT 4S ... Lelpsm 4Ss I.eipslK 5s ....... Munich 4a ....... Munich 3s ........ Frankfort 4s ..... Italian 5a ........ Jap 4s do 1st 4Sa .... do 2nd 4S Xorway as ....... PwedUh ds ....... Denmark 8s ...... Russian 541 ..... do 5 Ss do AS ......... Rao Paulo Ss . . . . . 8w be Dutch K India Sa . do As Denmark As .. into . . H-0 . . li45 . . It'-5 . . l!-'2 .. l-'7 .. 12! .. 11 .. lflW .. 1H2J . . 1 ..' 1W17 . . 1M i4 .. ai'-t .. Ta7 . . .. iwi7 . . l..l .. liMl .. 1117 . . l!- . . 1K11 .. 1W41 ,. 145 11H 1HS1 1U2J 125 11I4U 1H.4II 14S 11121 li'2 1W1B 1931 1K40 1 !2 147 1D42 Bid. 70 74 lu.-.S lo ill ft - P.3 lo 77 HMS 1S 1IS -.'t lejs s 102 s ir iiS l'Ki s 50 7n l ! "i 10S 1 1 1 1 1 1 1 1H IS S3 78 l3 2 110 104 loll "4 14 14 ino 11 14 4 S !S A sic 73 77 ttte loos ! 7 82 SO 1";a 15 - JM1), 103 loo 01I44 14S 73 6.1 100 1 2H 2S 2S 3 7SVI 03 s 3 111 105 110 IS 2H 13 1 00S llt'S 03 S IMS 9 Foreian Kxchanae. Forelrn exchanse ratea at the close of buslneea yestertiay. furnished by North western National Bank of Portland. The amount quoted is the equivalent of the foreign unit In I nlted States lundsi Couitfry roreign Lnit Rate. Atifftris. kronen 10.00001 lluicana. leva S. .... .N Heimum. Irenes 07S30 Csv no-tslovakla. kronen r. ..... . .otMO Iienmark. kroner ,2160 Kne.and. pound sterllnaT ........ 4.471125 Finland, finmark .............. .02220 France, francs ,l?230 (lermany. marks OiiInO ureeee. drachmas ............... .031 HO Holland, guilders SM)rt Hungary, kronen ............... .OolOO Itaiy. lire O4720 Jugo-iavta, kronen 0c30 Norway, kroner ..... , .1,220 PortUKa!. escudos .07700 Roumanla. lei 01030 Serbia, dmara .OI4.VI 2pain. pesetas ................. .l.ttuo Sweden, kronen ................. .212110 Swliserland. francs I1.1S0 China-Honskong, local currency. .5130 Shanghai, taels .77300 J an. yea 4S5U0 NEW YORK. An. T Foreign ex change. Irregular, (ireal Britain demand I4 4iis: cables. I4 4AS: -day bills on banks. 4.44S. France, demand H lSc: cables. H 17c; Italy, demand. 4 Aoe; ca bie.. 4.eo,.c. Belgium, demand 7.72Sc; cables, 7 73. Germany demand. 0 13Sc; rabies, O 1 4e. Holland, demand. 30.70c; rabies. 3H 7."c. Norway, demand. 17.10c Sweden, demand. I 10c. Denmark, de mand, 2l.4ic. bwltzeriand. demacd, 15OOc, iSpatn, demand, 13.32c. (Ireece. dniand. 24c Poland, demand, ,dl Uc. Czecho-etioiakla. demand. 2.43c. Arge'n- tme. demand. 38.25c. Brain, demand. jaoac. Montreal, rFr. Minlnc Stocks at Boston. Mining stock Quotations at Boston fur- nl-hed by the Overbeck A Cooke com pany of Portland i Bid. Asked. .vriisona Commercial , Q fs Adventure 70 Ah meek 4 4 S A v- mh 2d Ml i:ioues 25 27 Arcadian ...7 3S 3 Hinsham Mines 14 14S (aiiforma A Arliona...' Kl ni s ( alumet A Hecla 2"-t 2H New Corn I" IS Centennial 0 10 Psvis I'aly 74 7 l.ol Butte 10S 11 Franklin Mininc 2S 2 S I'ancock 20 20s I!-. veil. 14 IS l-lnd Creek ! lo do pfd 2S 24 Krr lwie 3 T. 4 t.ak. Copper 4S 44 Michigan 2. S Maon Valley 1T. 2S Vorth Itutte 13S 1SS .n t:..ing 3S '5S North I-ike 20 AO Old Dominion Copper 23H 20 Oeceola Mining; S 37 Obijswa 2S Qu.m-v Mining: 44S 44 S I'ond Crek 20S 21 !le Roys I 2 4 23 Superior A Boson IS 14 s uth t'tsh 3 10 Superior Copper 4S 4S Trinity Copper Tuolumne 74 75 V-nturm 2 214 Wyandotte AO 75 .; 13 S 1IS 12 lo4S t'l 4.1 1"S 4.S in- 107s, lot s 1' S loan 1IKH 104 s I..:iS l'l s s IMS 1 .-, s 1'S so s 1o 1 1 HiS lit 1 -1 S 1U0S 1-1 s lo-S 12 102t, 110s !' 10( 1 03 S l'H) Standard Oil Mocks. standard oil stocks furnished by the Overbeck A Cooke company of Portland lrm. AiKi-d Borne scryamer lttickeye hee..-i.rough Do pfd Continental .... f-r. . . . .400 . . . . 04 . . . . 1 OO . ...loe. l:; ll.to . ... ( . ... 51 . .. .log 1"1 ....1 Kureka ......... l.i.ena com (Isiena Oid pfd o.:ena New pfd liiinois 1'ipe .... r.nn Mex ...... Prairie Ilp .... s. :.r Hig Southern Pipe .. oc?h Penn oil . S w Penn oil . o Ind 1"S ; o Kansas it o Kentucky ! S SON 1 4! a ...244 . . .3:1-1 . . .2 s o Ohio . S O Ohio. fM . Sean A Finch i ( Nebraska . Imperial oil . 453 .117 . 32 .17.-. .110 41- li.l 2o 111 331 no .13 112 I03 2x0 30 33 .14 212 2 IOII 4 540 lot 420 4o3 119 33 13 111 Some Sugar Company Securities Recede, But Others In Iiist Hold Vp Well. NEW YORK, Aug. 7. Buying of spec nlntlvs rails, a number of which reached new high prices for the year feature! today's bond dealings on the New Torit stock exchange. Missouri, Kansas & Texas adjustment 5s. when Issued, and St. Louis A l"" Francisco Income 6s were the favorites, each bre ailing through for new top prices, as did St. Louis Southwestern Consoli dated 4a, Fere Marquette 4s. Long Island refunding 4s. Lake Shore 4s of 128 and the Atchison adjustment 4s stamped. Profit-taking caused slight recessions in some of the sugar company securities, notably Cuba cane 8s and Punta AlU'grl 7s. but the rest of the list held up well. Public utility Issues advanced in sym pathy with the rise in stocks at that group. . The French government and municipal k.M f.irlv firm desoita the weak ness In foreign exchange. Dominion of Canada RSs and city of Zurich bs were at the yeer'a best prices, while moderate gains were also made by Berne bs and Christianla 8a Belgian As dropped be low par for the first time this season and Brazilian bonds moved slightly upward. Liberty Issues held steady. Total sales, par. value. were approximately 15, vbl.000. CLOSING STOCK QUOTATIONS. Furnished by the Overbeck & Cook4 company 01 i-ortiana: Stock. Adams Exp Advance rum ... AgrChem AJax Rubber.... Alaska (.old .... Alaska Juneau .. Allied Chem Alils Chalmers... do pfd Am Bt Sugar . . Am Bosch ..... Am Can Co do pfd Am Car A Fdy .. do pfd Am Cot Oil Am Drug Srnd. . A Hd A Leather. do pfd Sale. High. Low. Bid. 2 300 Am Intl Corp. do pfd Am Loco Am Ssf Rasor. . . Am S A Com. ... Am Smei ter . . . . Am Smelter . . . . do pfd Am Snuff Am .steel Fdy. .. Am Sugar ..... do pfd - ....... Am Sumatra . . . Am Tel A Tel Am Tobacco ... do "B- Am Wool do pfd Am IV Ppfd .... Am zinc ........ Anaconda ..... Aasd Oil Atchison do pfd Atl Coast Line. . . Atl O A W I Baldwin Loco . . do pfd BAO do pfd Barnsdell Corp. . Beth Steel "B ".. Booth Fish B R T . Butte C A Z Hutte A Sup Burns Broa ..... Caddo otl Cal Packing Ca! Pet do pfd ....... Canadian Pac . . Cen Leather . . Cerro de Paaco. . Con Textile Chand Motor . . . A A N W 600 19 19 Is "so "lihi "700 73H 7i" 60 53 S 53 306' 47 i" i'iii slooo "ess ss '"266 "bs " "ioo '76" io" 1.200 113H 111S 1,1100 US'. 38 V 3.100 121 100 OS 1.S00 1..KN) (US 1,500 1 21K1 9(S 10O 134 3ft 200 MS 1.KA0 10 2iM 40 S S.OOO 122S 1.MIO 132 l.SOO 14H 500 U0 "00 ."iRS 4.3'M 54 S ii'Hi jin 119S S 1S 0 0 ss 134 3Si sis 10s 3S 122S l.io 14B41 DOS 18S 53 S 113 74 14 87 S 11S s IS 73V. 53 97 44 V S3 5SVi 101 170 -123 2 6S 12S 70 112 314 33 S 53 . 120 SS 1SS eis Al S w 134 3SS MS 10s 30 s 122 s 151S 'uos lox so 1"S 54 113 I. OOO 1024 101S If-1 300 t)3 KOO 115 IM( 32S 8.300 122. 92 S 1 S 113S 114S 7.200 200 ioo l.SiKl toil 4IMI O0 BOO 5SS (13 S 31 S 77' fS 25 7S 31 1 120 . . ? . . ''5744 tiSS SIS 8S 2441 7S SB'S US 122 s 112s 5S 63 . 1H 77. S 24 S 7S BO 'J 100 134 l;S4 134 S 800 11 11 104 1.000 81 S 80 80S 500 58 57 57 3 ' 2.200 142S 151 141 1 .610 3S 37 S 37 44 2.3MO 30 S 88 S 3SS l.loO 10S "Te y 10 2 2M1 .10 S 57 S 5 5 500 82 S 80 2 T A-O STOCK- T.tni.K Chgo (lr VV do pfd Chill Cop Chlno C M St P do pfd ....... Coco Cola C A O Colo F A I ... Colo Southern. Col Gas A Eiec Columbia Graph. Con Una ........ Cons Cigars . . . do Pid ...... Contl Can Cities Svc Bkra. Corn Prod do pfd Cosden Oil C R I A P do "A" pfd .. do -B- pfd . Crucible do pfd Cuba Cane do pfd 400 . 1.100 2. BOO 4(lO . .7oO .13.700 . 2.700 6.500 200 200 200 KOO 200 30 S 32 S 411 71 75 '49 24 4S 123 37 Vt 21 21 30 31 S 4K tS" .73S 'iss 2S 4S- 8S 21 3" S 32 S 40 s 70S 74 SO 49 2S 4 Si 124 S 124 S 3 A 400 76 S 75 7 10 S 8.200 11S 110 116 11!S ilS ll-' 1.700 4.500 200 3.700 6HO 50 44 46 . 'sVs ' was ' 16 40 27S S2 , 32 -. 4! 82 U . IS 27S 46 43 S 45 84" ' 81 s i" 40 S 27 31 ,31 4i' 26 4 85 S - 84 S 1 . 3'iO l.Oi'O 100 3.60O 3IMI .. 2.8'Hl . .14,800 100 400 T.30 54 12 77 is'i 81 71 S 37S 2s' 40 87 54 is is 70 . 32 20 3 84 IS 3S Cuban Am Sugar 5.2to Doma Mines ... 1.4O0 Del A Lack . 610 Dawson Chem . 2.700 Endicott Johnson 2110 Erie . 4.100 do 1st Dfd . . it fioo F.lec Stor Bty. 200 Famous Piavers 3 1110 red Mm A Smlt do bid Flsk Tire Gen Cigars .... Gen F.iec ..... Gen Motor ... . Gen Motor 6. . Gen Asphalt ... Goodrich Giidden Paint Granby ... . Great Nor Ore do pfd Greene Cananea Gu.r S steel Glen Alden 55 53 Houston Oil ... 200 78 76 Hupp Motor Ills Cent RIH) 110 100 Inspiration 200 41 u 41 Int Agr Cor com do old Interboro do pfd Interstate Callah Int Harv do pfd Int Merc Marine I do pfd 2 Int Nickel Int Paper do pfd Invincible . .Oil. 3.100 Island Oil " 3.11 Jewel Tea . K C Southern .. do rfd Kelly-srrfld Kennecott Keystone Tire . . Lack Steel Lee Tire Lehigh Valley... Ixirtliard ...... Loew Theaters. . A X Mex Seaboard... Maxwell Mot A. do B Msy Stores M-x Pet Miami Mid Sttes Oil-. . Mid vale Steel .. M K A T wl do pfd wl.... Mont Power Mont Ward l.VSno 21 24 S Mo Fee 2.300 23 S 2J do pfd 1..m ins M St P A 8 8 M .IOO 67 67 Marisnd Oil 7i0 S 37 Martin A Perry Nat Knamel .... 201 55 55 S N- 1. 1-1 400 3I0 4O0 700 5O0 400 200 43 45 V6 84 S 91 .32 S 16 ' 441 27 S 81 S 31 S 48 S 82 17 4 84 12', 53 12 76 179 I3S 81 ;-7s : 3.1 15 30 3(1 8TV4 ss S2 55 ." 7 17 109 S 41 S 8 3 7 1 3 S Norfolk AW.. Nor Pao ...... N S Steel N Y Air Brake. . N Y Centra.... Nor Amn ...... Okla Prod ref. . . Ont Silver Ont A W Otis Steel Pac Dev Pac Gas A Elec. Punta Alegre . . . Pue Oil Pan. Am Pet ... Pan Am Pet B.. Penna Pco Gas Pere tlarq Pure Oil Phillips Pete ... Pierce Arrow ... Pierce Oil Pitts Coal ...... Pitts A -W Va. . Penn S Steel... Pr Steel Car.... Pullman Ray Cons ...... Reading ........ Remington ..... Replogle St .... Rep I A S do pfd Rep Motors Roy Dutch Oil.. Ky steel Spg- ... stand Oil Ky. .. Sears Roebuck... Shattuck Arlx . . Shell T & T Sinclair Stand Oil Ind. . . do N J Siofia Srief...-. .. Sou Pacific Sou Ry stand oil Cal... SI L A sS F Strom berg Carb.. bludebaker Swift A Co Venn Cop A Ch. . Texas Oil Texas Pac T P C A O Tob Products Tran Contl Oil.. Union Oil Del... Union Pac...... United Alloy.... United Drug.... Un Food Prod... I nited Fruit Union B & P.... U S C I Pipe.... Un Ret Stores... U S Ind Alco.... IT S Rub do 1st pfd . . .. I" S Smelting... 17, S Steel 'do pfd Utah Copper ... Va Chem do pfd Vanadium Steel.. Vlvandou Wabash ........ do A pfd do B pfd Wells-Fargo .... Western Pac ... do pfd TVest Union tVestlng A B. . . . Westing E A M.. West 514 White Slotors... Willys-Overland. do pfd Wilson Packing.. Wiseon Central.. Wool worth Worth Pump... WALE White Oil White Eagle Oil. 1.0HO 117S 11'! 11HS 11.000 80 78 80S 300 6.000 3,400 300 7S HhS 74 2 76 !7 T1S 2 300 300 If HI (HlO 1.800 3.300 4.11)0 l.loO 2,700 200 2.400 800 1,800 IHI0 800 300 2,o l.ooo loo 3.8io 1.200 3.300 4O0 50 400 10.000 1,500 400 o'.SOO IOO 100 doo 100 4.900 11.800 l.oOO 2,000 100 15,900 600 2,300 2,900 800 2.200 1,400 100 2,300 500 800 100 100 26 S 11 7 ' 71 52 54 75 e 4fi 87 87 20 S 43 10 7S 63 41 7S 82 122 10 77 37 - 32 72 "" 53 10! 95 84 1 36 30 110 '47 92 27 106 81 45 132 io 47 32 24 54 14 20 144 SH 81 8 147S 26 10 7 70 52 54 74 S 69 46 87 3 29 43 10 7 64 4 7 82 120 1 76 37 - 82 71 "2S 52 100 95 81 10 36 S 30 109 "47 91 26 10.1 30 45 131 "iti's" 46 31 24 33 13 2i 143 87 80 8 147 2,000 63 300 62 S 1.000 37 200 106 100 41 6,700 101 200 120 600 66 200 27 4.400 3.200 1.4110 2,700 300 8IM 200 1,200 49 12 13 33 23 81 19 63 600 111 1,100 62 1O0 12 100 4S 600 8 4O0 600 14 8 62 62 55 105 41 100 119 63 27 "-48 11 13 32 23 80 19 62 110 'eis It's 48 8 14 7 31 77 98 74 2 7 26 10 7 70 62 54 74 69 46 86 37 29 43 10 7 64 41 7 S2 122 16 76 36 32 91 3 P2-4 109 95 84 H 36 30 109 181 45 92 27 105 30 44 131 102 10 46 31 24 . 53 13 19 144 37 79 7 147 60 83 63 62 56 106 40 101 119 63 27 61 49 12 13 33 22 80 19 62 110 94 61 11 48 8 43 41 29 189 51 H 14 7 . 25 , Liberty Bond Quotations. Liberty bond and Victory note quota tions furnished by the Overbeck A Cooke company of Portland. Closing Open. High. Low. Bid Liberty. ,Ss.. 100.94 101.04 100.94 100.96. Liberty. 1st 4s lul.04 Liberty, 2d 4s 100.5U Lbty, 1st 4a 101.24 101.32 101.22 101.24 Lbty. 2d 4s 100.54 1O0..1S 100.32 100.52 Lbty. 3d 4s 100.52 10O..18 100 5) 100.52 Lbty. 4th 4 "4 s 101.26 101.36 101.14 101.24 Victory. 4-s-100.5O 100 52 100.30 1110.52 Victory. 3s.loo.S8 100.94 100.88 K'O.hS Callable 11123. United States Government Bonds. U S ovt coup 2s 1930 '101.00 do coup 4s r 192.1 ins. 00 Liberty 3Ss '. 1947 100 96 do 1st 4s 1947 101.04 do 2d 4s 1942 100.50 ' do 1st 4s 1947 101.26 do 2d 4s. , 1942 100.52 , do 3d 4s.. 1928 100.32 do 4th 4s 11138 101.2. Victory 4s 1923 10O.8U Bid.-. . 1i 8 8S 106 104 101 14 64 17 54 15 66 17 54 12 12 I.wOli 26 2 3.900 2.2H 1.9O0 1.200 0OO 4.2O0 42 34 8 76 27 6.1 llfli 16 44 3 76 27 l'Ml liil 5(10 16 1."1M 135 l.OOO 2i! 410 .19 2'0 19 S 3.HH1 127 7.2'H) 174 172 2'0 21 12 34 S Ti 42 14 64 17 124 17 28 57 43 30 r 63 1113 1 134 134 22 22 57 S 57 19S 19 122S 126 1.400 4.0H0 4.10O 800 29 12 33 17 42 17.1 29 12 34 IS 24 2.1 57 3S 29 " 55 Metal Market. NEW YORK. Aug. 7. Copper, steady. F.lectrotyiic. spot and futures. 149 14c Tin steady. Spot and nearby. 32.50c; futnrea. 32 62c. Iron Steady. No. 1 northern $2Vo 30; No. 2 northern, 127 ft 21; No. B southern. 19i 20. Lead Steady. Spot. 3.73 n 3 80c. Zinc Quiet. Esst St. Louts, spot and nearby delivery. A 3c. Antimony Spot. 3.255.2c. ew York Cngar Market. NEW YORK. Aug. T. Raw-sugar: Cen trlfugal. 5.42c. Refined sugar; Granu lated, 7 7.100. 1 WANTED m . I want to meet a LIVK BUSI- Lf bT-j NES3 MAN, one who has con- Qi gfl fidence in the future develop- - m ment of Portland and a few hf tQ thousand dollars to invest. Hi S William P. Merry 5 J 303 Title Trust Bide. 1 -i Money, .Silver, Kte. NEW YORK, Aug. 7. Call money mtendy. High. 4: low. SU; ruling rate, closing bid. 4; offered at 4 V ; laat loan, 4; call loans against acceptances. 3. Time loans steady. Mixed collateral 60-80 days. 3f?4; 4-6 months. 4f&44; prime commercial paper, 4&4 Swift Co. Mock. Closing prices of Swift & Co. stock at Chit-ago were reported by the Overbeck Sc Cooke company of Portland as fal lows: - , Swift & Co 102 Swift International 19 aUbby, McNeil & Libby -J Iibby. McNeil ft Libby new) .. 7 National Leather 7 1SVGAR TRADE IS 8VPPLIED Deal era Consider Sugr No Longer to Be ESafe Buy. 1 The New York sugar market letter re ceived by wire by Overbeck & Cooke euid: "Sugar no longer a safe buy." Is the consensus of opinion of large poten tial and well informed sugar dealers, who. having m mind their senous louses dur ing lit 20, are now proceeding very cau tiously. These men. who know actual conditions, are all united In the belief that the most of the 1.21MV.O0O ton Cuban surplus of January 1. 192U. hum gone to make up our present invisible supply. Considerable quantities are held by importer- and speculators and but a small percentage has gone to increased con sumption. This large surplus stock ha merely been transferred from Cuba to the United State and having been at tracted to investors on account of the very low prices prevalent during the spring will, with the first signs of weak ness, press these holdings on the market, thus precipitating a decline, resulting In losses of lones of recent date at prevail ing high prices. Suggest caution to buyers. Wiliett & Gray, sugar statisticians, say there is 1,275.202 of raw sugar In Cuba, American ports, and anoat to ports. This amount, with the new beet sugars just becoming available in the wpM, and the Louisiana crop yet to be harvested, is. in our opinion, ample to prohibit further In creases In price of raw sugar. The dis tributing trade seems to be well supplied for the time being, sufficient to carry them through the -heavy canning de A Real Estate Mortgage Yielding 6V The First Mortgage 6 Serial Gold Bonds, which we now offer and recommend, are amply se cured by a First Mortgage on the WELLS-FARG0 BUILDING. , This property is valued at over $1, 327,500, and is located in the heart of Portland's fi nancial and business district. Bonds are in con venient denominations, of $1000, $500 and $100, and in maturities ranging from 1923 to 1937. Price Par to Yield 6.50 Call, write or telephone for details of the issue. Blyth. Witter. &. Co. GOVERNMENT-MUNICIPAL-CORPORATION BONDS FOURTH AND STARK. PORTLAND BROADWAY 6481 ISO ILL STREET COMPOSED TRADERS COXFIDEXT END OF .-TROUBLES IS NEAR. Many Stocks Score Gains and Practically All fclose at Day's Best Prices. BY ALEXANDER DANA NOTES. - (By Chicago Tribune Leased VVire.) NEW YORK, Aug. 7. Such news as came, to light over Sundty concerning: either our own labor controversies or the London conference was sufficiently re assuring to prove that the stock ex change bad been well advised . last week in its attitude of composure. v To oay's market reopened in what appeared to be an a-tmosphere of still greater con fidence that the solution of the coal and railway strike problems was not far dis tant. Railway shares led the further recovery which occurred, many of them advancing a. point or more And praciicai 'ly all of them closing at the day's beat prices. - The president's proposal made to both parties in the shopmen's controversy in the afternoon that the seniority question be left for decision to the railway la bor board may have embodied the turn of events which financial markets liad been expecting. Probably it will not be regarded in conservative financial cir cles as an ideal solution, when the re fusal 05 the executives to concede' resto ration of such prior rights to returning strikers was based on the ground ol! good faith to the loyal men. and when uniform precedent of previous railway strikes has been against such restora tion of rights when a strike was set tled." If the new proposal Is accepted bv managements and unions, the shop men's strike will doubtless end, but the judicial quality of the labor board would be tested exactlngly afterward. Without regard to this proposal in the railway strike, financial judgment con tinued hopeful regarding results of the ma t strike conference ; this rtotwU h- reasonable basis for agreement. This hopefulness rests largely on belief - in the recognition, -by both sides in the controversy, but especially iby labor, that the fuel embargo cannot be allowed to continue; there was no news from Cleve land during the day, either confirmatory of that view or otherwise. Nor was there any means of learning what was the actual drift of things at the "London conference, which today resumed discussion of German repara tions. This time the course of foreign exchange gave little or no clew even to financial judgment. The Paris rate de clined, while the mark rose slightly, and sterling was distinctly strong. Today's top rate ofc $4.4$hi for sterling was the highest mark reached In more than sev en weeks. COPPER STOCKS SHOW DEMAND -4. " ' , . Rubber Tire Stocks t'nder Pressure and ' Lose Points. (By Chicago Tribune Leased Wire.) NEW YORK, Aug. 7. After acting sluggishly during the greater part of the day, a sudden demand arose for coi pVr stocks in the final hour of trading. That carried some of the favorites up rather sharply on small trading. Amer ican Smelters rose. 1; Anaconda , Kennecott , Utah. Copper 1. Produc tion l dull, as usual during the sum mer. " The rubber tire stocks have been un der pressure for a week or more, due to the unsettlement in the industry as a re sult of the numerous reductions In prices. Under speculative attack today Goodrich fell off 4 points net, United States Rub ber fell from 57 to 55, but ended the day with a net loss of only point. From present indications August will be the smallest of the year, so fas as new financing is concerned. The mid summer reinvestment period has passed and the fall demand has not started. Some of the big insurance companies are an active factor in the railroad bond market and are taking first-class rail- Crop Insurance: OREGON , BONDS for Safety ! Income and Prosperity! Literally speaking irrigation means crop insurance for the farmers in the Eagle Point dis trict. The fertile Rogue River valley has for over 40 years past produced fruit which brings top prices in eastern markets. These Bonds are general-obligations, state approved and. certified, and exempt from all federal income taxes. Op portunity for you to share both in Oregon's prosperity and de velopment is yours, while at the same time you will receive a liberal return on your invest ment. Denominations $500 and $1000. Price to Yield 6.25 Orders may be wired "collect." CALL, WRITE OR PHONE MAIN 4195 FOR RESERVATIONS. GrE-MIILIRf COMPANY Portland ' "tv rtftATW s Fr,ncl,m Seattle vehnM" Los Angeles 2d Floor N. W. Bank.Bldg., Portland, Phone Main 4195 road securities on a scale up in larger volume than they have purchased at any other time this year. Chicago Potato Market. CHICAGO, Aug. 7. Potatoes steady; receipts, 44 cars; total United States shipments, 574; Eastern Shore Virginia, barrel cobblers, $2.753; Minnesota Early Ohios, sacked, il.25l45 cwt. ; Nebraska sacked Early Ohlos, poor quality, Oc $1 cwt.: Maryland barrel cobblers, ,2.73 2.80; New Jersey sacked cobblers, ope rators asking: $1.7'5, buyers offering $1.63 cwt. ; no sajes. Chicago Oil Market. (By Ohicago Tribune Leased Wire.) CHICAGO, Aug. 7. Gasoline: Tank wagons 21c, service stations 23c, machine 27.9c. Oils: Summer 11.4c, winter 11.9c. Carbon perfection iron barrels 10 c. Lin seed oil, raw 1 to 4 barrels delivery, $1.02; boiled $1.04. Turpentine $1.36. De natured alcohol 40c. Raw Sugar at San Francisco. SAN FRANCISCO, Aug. 7. California Hawaiian raw sugar, 5.345c. Hay and Feed at Seattle. SEATTLE, Aug. 7. City delivery: Timothy hay, $25; d. jc. $36; mixed hay, $28: alfalfa, $21: d. c. $26. Barley, whole. Dried Fruit at Krw York. NEW YORK. Aug. 7. Evaporated ap ples scarce; state. 17!-lfc. Prunes, easy; California. 6lSKc: Ore gons. 12918c. Peaches, quiet: choice, if? 14 He; at- safeC Myrtle Point The debt free city I imu a mvmwwun ... 1 1,1 I'.-W W -aw a u p isa BSBBSSBSsatsaBSBsaH Aside from this issue Myrtle Point, Or., has no other bonded debt. Fur thermore it has $7500, or one-half the amount of this ' issue, already in its sinking fund. ' The assessed value of property securing these bonds is ?501,174. We commend, as exceptionally well secured, this issue of : $15,000 SVifc Funding Bonds Due 1S-185 Denomination $oOO ' Bonds issued to fund float ing indebtedness and place city on a CASH basis. Income tax exempt ff-id5.25 LUMJBERMENS !?w3Ajrr;-I3LA2'H BROADWAY AXD OAK a E. L. DEVEREAUX & CO. INVESTMENT BONDS 87 Sixth Street. Broadway 1042 fOMPA RED with commodity prices, bonds can be purchased today on a more favorable basis than in the days of 8 yields. The 15-Year Gold Bonds of the Holly Sugar Corporation yield A MINIMUM OF 7, with a possibility of 9. We recommend these bonds without any "ifs" or i'buts." We never . take chances why should you? Phone, write or call today for full particulars. - " i Do It Now! Use our Partial Payment Plan Freeman, Smith & Camp Co. LUMIIRMINt BLDO.. POWTLAISO UNO 'lP"'" if. FOUNDED 186 IMMMM $36; ground arid rolled, $38: clipped, $40: chick starter, $58: chop, all grain, $42. Cocoanut meal, $40; corn, $37; corn cracked and feed meal, $39; linseed niea , $5!); mash mixture (egg), $45. Cotton Seed Oil Market. (By Chicago Tribune Leased Wire.) NEW YORK, Aug. 7. Closing priceti for cotton seed oil. pot, $10(3)10.50; Au gust, $1010.50; September, $10.22 10.25; October, $!).209.23: November, $8.188.20: December, $8.098.10; Jan uary, $8.058.07; February, $8.068.08; March. $8.18fl8.2fl. - We Offer Our Participation in $153,950 Clackamas County, Oregon ofo Road Bonds Principal and semi-annual , interest (January and July 1) payable at the office of the County Treasurer of Clackamas County, Oregon City, Oregon, or at the fiscal agency of the State of Oregon, New York City. $13,500 Due May 1, 1928$102.05, to yield 4.60 30,000 " July 1, 1931 1-02.90 " " 25,000 " ' " " 1932 103.16 " " 25,000 " " " 1933 103.40 " " 25,000 " " " 1934 103.64 " " 35,000 " " 1935 103.86 " " Financial Statement Clackamas County Assessed Valuation, 1922 ....$29,516,880.65 Bonded Debt, including this issue 479,950.00 Population 37,698 Clackamas County, with a population of 37,698 accord ing to the 1920 United States Government census, has the second largest number of farms In the state, 3065 having been reported to the state tax commission. Government estimates place Clackamas County second in production of potatoes, second in oats, second in hogs, first in grapes and strawberries, second in cherries and " third in clover. .- . Exempt From Federal Income Tax Legal for savings banks in Oregon, Washington and - California. Legality of issue approved by Messrs. ' Teal, Minor & Winfree, Portland. E H ROLLINS &S0NS Investment Bonds 4n Lewis Bunding Broadway; 7670 O ...rlAt-' CITY 5 AKI Philippine Government 42 GOLD BONDS Non-callable due 1952 This is one of the long est term issues of out standing bonds enjoying exemption from Federal, State, Municipal and lo cal taxation. Price to Yield about 4'2 Circular on Request The National City Company Offices In more than 50 cities Yeon It ld$;., Portland Telephone Main 0072 Investment Offerings Security Rate Mat. Price Yield Prov., Alberta ........5 1927 100.00 5.50 Prov. British Col.. 6 1926 101.65 5.50 Prov. British Col 6 1926 101.75 5-50 City Maissoneuve (Montreal, Quebec) 5Yzco 1930 100.00 5.50 Govt. Newfoundland. 5 .1942 100.00 5.50 FOREIGN Rep. of Bolivia 6 1940 84.00 - 7.16 Re-p. of Brazil, 1895 5 S.F... 54.00 8.40 Cuban Treasury, 1919 6 ' 1929 85.50 6.90 Rep. of Uruguay, 1919 5 Draw 74.50 6.45 DESKY-NICOLL & CO. 414-16 NORTHWESTERN BANK BLDG., PORTLAND Phone Main 6338 Phone or Wire orders collect. - " CABLEGRAM FROM OIH FOREKlIt frankfFrt'cgermany) IMPORTANT CONTENTS . FAR REACHING NEWS OF VITAL INTEREST TO HOLDERS OF FOREIGN SECURITIES ESPECIALLY GERMAN CITY BONDS , Currency or Checks Write nt once for full in formation, which will be fur nished free upon request. H, & B. WOLFE & COMPANY 1323 WALNUT STREET, PHILADELPHIA, PENNA. WALNUT 10SS-1S-1980. Ji'ew York Office 20 Broad Street J IDLE MONEY HERE'S YOUR OPPORTUNITY For safe interest, good profit, in expanding business honestly managed. Ample assets, staple product; unlimited market whole Pacific coast. Prefer short time loans. Would con sider participation. Principals only. AO 843, OREGONIAN. Back to the Ancients What traveler would go back to the old sprlngless farm wagon? Tet some are thoughtless enough to be carried away with plausible argument in favor of rigidity in pavements. Travel without resili ency or a cushion effect -above, in the tires and below, in the pavement not only shakes and jars the vehicle, but shatters the pavement. Warrenite - Bitulithic pavement is a "cushion."