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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 11, 1922)
23 THE 3IORNING OREGOMAX, WEDNESDAY, OCTOBER 11, 1922 RAIL BONDS WEAKENED SELLING AFFECTS PRICES OF HIGH GRADE ISSUES. Owners Seek Funds for Purchase of Xew Government Foreign Loans Irregular. NEW YORK. Oct. 10- Selling of htf?b grrade railroad securities for the apparent jjurpose of obtaining funds for the pur chase of new government bonds was- one of the. features in today's active and ir regular bond market. Union Pacific 4s sold off 114 points and Pennsylvania 6&s 1 point, while Atchison general 4s, Chicago. Burlington & Qulncy 5s and Canadian Northern thi ail were offered freely a substantial frctional concessions. " Interborough Rapid Transit" Issues con tinued to reflect security holders' ac ceptance of the reorganization plan, the 5 jumping 2 points, certificate 3s i and (is l'i. However, Third Avenue adjustment 5s and the Brooklyn Rapid Transit Issues were reactionary. Among the rail mortgages to move to higher ground were Norfolk & Western 1 convertible ti. International & tlreat Northern 5s, Toledo. St. Louis & Western 4a, Baltimore & Ohio convertible 4Hs and Chicago & Alton 3s, the advance in each case being a point oi more. Some of the weak spots in the same list were Chicago & Eastern Illinois 5s, Southern Pacific collateral 4s, Colorado & Southern 4 V6s. New York Railways adjustment 5s, and New York, Westches ter & Boston 4s. each down a point. Mexican Petroleum Ss moved up 1 in response to the increase in stock prices and Magna Copper 7s improved 2. Oher industrials moved within narrow limits. Foreign issues were irregular, with most change.- unimportant. Lyons 6s, how ever, dropped 14. Totl sales, par value, were $13, DS2.MJU. Announcement was made today that the filfMXiO.OOO Haitian, offering was oversubscribed. CLOHIXG STOCK QUOTATIONS. Stock quotations at New York, fur nished by Overbeck & Cooke company of Portland : Sales. High. Low. 100 J, aw 3, -MO 1,300 7,100 2, lOO Too S.700 7.UO0 2, xon loo l.ooo 4, prd. Line Adams Express Advance iium . . . Agr Chem Ajax Rubber . . Alaska Gold . . . , Alaska Juneau . AJlied Chem . . Allis-Chalmers . do pfd Am Bosch Am Can Co .... do pfd Am Car & Fdy. do pfd Am Cot Oil Am lrug Synd.. Am Hide & L-- do pfd Am Ice Am Intl Corp. . . Am Linseed . . - do pfd Am Loco ..... ... do pfd Am Saf. Razor. . Am Hhip & Com Am Smelter .... do pfd Austin Nichols. . Am Steel Fdy. . Am Sugar do pfd Am Sumatra . . . Am Tel & Tel.. Am Tobacco . . . do "B" Am Wool .- do pfd Am W P Am Zinc . Anaconda Assri Oil . Atchison do pfd Atl Coast Atl flulf & Baldwin Loco do pfd Balto & Ohio . . 2.S00 do pfd :'o Barnsd. Cor "A" V-'OO Beth Steel "B" 7.7O0 Booth Fish . 200 B It T 37,t0O Hutte C & Z.- Butte A Sup. . . 2,100 Burns Bros "A" do B Caddo Oil Calif Packing Calif Pet .... do pfd Callahan 7. & Canadian Pac Cen Leather . Cerro de Paso Chandler Motor Chgo & N W. Chgo fit W. . . do pfd . . . . r Chill Con Chlno C M St P do pfd Coco Cola .... C & O Colo F A I... Colo Southern Col Gas & Elec Col Graph Con Gas Cons Cigars .. do pfd Cons Textile . Cont Can Corn Prod do pfd Cosden Oil ... C R I & P do A pfd do B pfd. . . . Crucible do pfd Cuban Cane . do pfd Cu Am Sugar. . Davison Chem. Del & Hudson, Del & Lack Dome Mines. . . Klec Stor Bat. '. Kndi Johnson. . Erie do 1st pfd . . Pain Players. .. Fed M & S do pfd Fisk Tire Gen Clgrara Gen Kice Gen Motor ... do Ha Gen Asphalt. . . XJlidden Paint. . Goodrich T & R Glen Alden Gran by Gt Nor Ore.... Gt Nor pfd Greene Can. . . . Gulf S Steel. . . Houston Oil .. Hup Motor . . . Ill Cent 700 81 HO Bid. NO Jewel Tea . . K C Southern do pfd.. ...... ..... Kayser 00 Keliy-Spgfld .... 1.8O0 Kennecott 1.600 Keystone Tire... 1,400 Lack Steel 2.000 Lehigh Valley".".. 1.900 Loew Theaters.. 5,100 L & N .... Lima Lcco Marland Oil " Maxwell Motor A do B May Stores. . . Mex Pet Mex Seaboard. Miami Mid States Oil.. MidvaJe Steel. . . M K & T Wi. . . Mack Truck. Mont Power..... Mont. Ward Mo Pacific do pfd M St P & S S M Nat Biscuit Nat Enamel. . . . Nat Lead ....... Nevada Con.'. . . New Haven Norfolk & W... Not American.. Nor Pac Nova Sco Steel. N Y Air Brake. . Okla Prod re'f.W - 2,400 Orpheum 100 Ontario A W 100 Otis Steels Pacific Dev . 500 Pac Gas & Eiec. 500 Pacific OH 15,900 Pan Amn Pet 91.000 do B 33.700 Penna 4.100 Penna Sea Steel. 2,100 Peo Gas I'M) Pere Marquette. 900 Phila Co 500 Phillips Pete.... 6,800 Pierce Arrow MJO Pierce Oil 2, TOO Pitts Coal 500 Pitts & West Va. 9,700 Pressed-Stl Car.. 5M Punta, Alegre ruiuimii Pure Oil.. Ray Cons 800 15& Reading 17,KO SO Repiogie Steel... 2,000 35 Republic I & S. . 6.N00 0 do pfd 100 87 Rep Motors l.lOO 2 Royal Dutch Oil 3,000 5f$!4 800 M8 69 4 21 5,000 3 1,000 30 300 500 18 . 1,400 140 H .89,100 200 V4 .11,000 Ht-S 200 2Ht . 2,3K" . 7,200 S5fc lOO 18 . 2,600 59 ." i',206 22" 20O 21 6OO 58 7 6.100 215 . 1.200 . 6,800 113W . 500 1 0 900 80 . 2.100' 12H4 . 0,300 300 1,500 814 '706 38i 1.100 IA.S FOUNDED 187 6 206 200 IH 65 10 111 Hi Wk SO 311 hi iai iiu, 60 3ihi 3.000 1M1 07 h :7V S 000 BS 7IIO ItOhi 110 J 0O T1 100 'O0 0 100 14 600 71 '4 S.400 11-", 1,200 .". 1,000 oil 20 a7 15 1 84 r,'i 100- .4114 06 ,66 110 107 12 2 121 26, 2Ui 14 14 71 Ml 11.-H4 6.100 14 ll 21 :io 4.".-!4 S1 HO 12:! 2,loO 1112 1,000 1.".S 0,100 102 :too 3.-. :u 10i 19 6.'. r.2 ti ,2 700 12.". 122",! 3,700 looii 10.- noo :! H2H 4O0 11'.. 11Mi 200 301 30 i 18,200 141 ',i IoSVj 138 54 71 3Sl r.7 131 11! 6 21 01 "i !0 34 4 43 SO 100 "TV, 122 7 100 ir.s ja 101 10s 34 1S ni 122V5 1 OS 2V4 110 30 6 201 1 4 00 34 4o SO 1 10 12P 161 157 .". (H. 3S 77 ! ! 22 !34" 4 ' .7". 14 0 11 ',4 '33 1.100 11 11 04 37 7.-. 0 14 7 33 hi 133 47 11 Int Affrl Corp. do pfd Interboro do Pfd Int Harv Int Merc Mar. do pfd Int Nick.-1 . . . Int PapT .... do pfd Invinc OH Inland Oil .... . . 3 200 60 y- 3 ::oo 06 90 L. 1.3IIO !t . 1.700 1 46 140 . . 1,71X1 41 4014 1 , S.700 40 30 - 3.100 03 Vi 61 WOO 92',i 1 100 '4 814 4oo 14 14 14 . . 9.300 26 hi 20 SOfl 20 2S . . 1.000 32 3214 . . 3.300 31 00 . .11.1010 78 ' 7614 . . 4.100 74 73V4 300 34 33 200 4 14 48 SO0 100 108 . . 1.200 Sit 3 . . 0,800 14114 13S14 . . 1.600 41 30 .". V.700 'io 1014 . . 4.200 01 80j . . 8,600 12614 1-2 300 100 10H . . R.100 48 4T14 . . 1.7O0 44 4314 ..- 100 99 99 '. . 3.300 'SO " 86 400 07 97 . ; I. BOO 14 13T4 . . 6,000 30 3714 . . 2.600 2S14 22 . . 1.800 48 46 Vi 100 137 137 . 7.800 141 V4 137 . . 1,100 3S , 38 . . 3.100 00 ., 03 . 3.800 86 84 . 3.300 16 10 . 2.000 2.1 24 .. 3.400 08 97 ! ioo "on 09 100 13 13 300 80 SO . 2,100 184 180 .32.700 10 14 100 84 84 . 6,000 60 64 10O IS", 13 S00 3 414 33 08 08 . .800 31 81 400 30 30 TO. 03 92 . 3,700 'i3 '90 .14,000 90 86 . 200 23 22 . . 400 114 114 . 900 30 88 130.900 '36 S6 . 8,100 - 14 -12.SO0 1 1 SOO 112 108 300 14 14 . 8,300 60S 00 . 3.000 16 16 . 1.100 61 59 ! i.OOO 16 16 . 001 rto . 40 30 02 91 8 14 20 28 32 4 00 76 73 32 48 108 3 138 SO 81 10 90 122 100 47 40 99 00 86 T 13 38 22 46 187 130 38 33 83 10 24 97 1214 OS 12 70 181 14 84 64 13 S3 OT 31 30 03 80 90 87 22 114 38 8 30 112 14 60 16 00 SO 16 NORTHWESTERN ELECTRIC Preferred Stock $97 7 FOR SAl.K: no Mi arm t. Phone Bdvrv. 7876 1205 AMIrex B14r. A LittU Book Fullof rewtl INVESTOR'S POCIET MANUAL 88 Pajr Booklet Ticd Maatblr MB eompsnfM. ftisUtjal dtau tptkm, eapltsMsstfatt. ml mi- diTManda, etc, (,00t sitfb aad imm rxjcdi o4 stocks and beads listed mm principal stock ex ehinm of U. S. mn4 Cuiada. Will (smMMd FREE by wmt. ORforltK. lunl Imm will k Mat dlnac kr TU-K FINANCIAL rHESS. I1(Bim4 StM.X.C GER3IAN BONDS AND MONEY Bought and Sold TRANSATLANTIC ESTATES. A CREDIT COMPANY, . 3i Exrhnnirr Fldr- 2 I Stark. How Money Grows T TVt tan of Compoond ln tcrMC cold in ,n tolt-iUiil 44-tatc bock. Tous aoooTi aJLEERT G. 0TGEN & CO., Hy Steel Spk Saxon Motors. Sears Roebuck Shat & Ariz. . . Shell T & T. .. HtrclaJr Sloss Shef . . . So Pac Sou Ry Stand Oil X T do Csl do Ind do N J do ky ........ St Ia & S F Strom Carb .... Studebaker Swift & Co Tenn Cop & Ch. Texas Oil ...... Texas Pao Tex Pac a O. Tob Prod Tran Cont Oil. . TJn Bagr & P Union Oil Del.. Union Pas United Alloy . . .. United Drus ... Un Fd Prod United Fruit . . . Un Rds of N J. . do pfd Un Ret Stores. . U s O I Pipe. . . V S Ind- Alee. . . U S P.ub do 1st pfd . . . U 8 Smelt . U S Steel . . do pfd . Utah Copper . . . Va Chem Vanad Steel . . . Vivaudou Wabasli do A pfd .... do B pfd .... Weils- Fargo ... AVcst Pac do pfd Western Union.. Westg-hse A B. . e & sr West Md White Enirle Oil White Motors.... White Oil Willys-Overland. do pfd Wilson Pack- ... Wis Cent . ... . . . Wooiworth Worth Pump . . . W & L B 1.700 12 1,000 4 4 4?s 1,400 90 88 S8 0 1. 1C0 37 37 36 ...08.000 36 30 30 200 50 00 - 48 ..'.12,6(10 93 94 04 ... 2,900 2 26 26 T 602 6::s 643 ...48.000 131 123 127 132 127 128 ...99,000 200 231 233 .... 117 113ft lio 200 2S 28 28 100 37 06 06 2,100 137 133 133 109 1O0 100 700 1 0 9 954 6O0 32 00 SO 400 SO 20 29 3.300 26 20 26 4.2O0 61 60 60 0,400 13 14 14 200 - 72 72 72 1.000 18 18 18 4, too J.jl INVESTMENT SUGGESTIONS We recommend the following bonds for Investment: s Yielding 7-8 .000 WalTrorth lUtg. C, Int M. T 10,00ONew England Oil Ref. Co. lut M 8 10,000 I nlvernal Winding Co, lHt M 7 .i.OOO Van t'amn Pkp. Co. Int M. S . 1 1,000. Kaatpra Mfg. Co.. Int .SI . 7n 5,000 Shelten Loom, lt M Ts Matnrlty Price yird 1-1-41 100.00 T.0O 3-1-M 1O0.00 8.00 7-1-37 4-1-41 1 2-1 -3S 1Z-1-38 100.00 ior..no 100.00 100.00 21,500 Oklahoma 1st A- lt-r. .3,000 Pacific Ham & Aris. 1st M 3.V0O0 Ohio Service Co.. 5,000 Republic of Haiti. Yielding 6-7 Elec 7V4s Klec of s 1st M.. . . - - as 2-1-41 106.23 6.90 1-1-31 11-1-37 J 0-1 -03 10O.0O 100.00 U0.50 6.0A fl.OO 0.25 Yielding 5 6 . 5s 5-1-52 20,000 Dominion of Canada 5,000 Cudahy Packing Co., S. K. Deb : 5s ,0OO Swift Co, S. V. tiold Notes 5s 10-15-32 6,000 Northwestern Electric Co, 1st HI 0 5-1-35 a.OOO Oxford Paper Co., 1st A Hi. 6s 2-1-47 25,000 Kederal Land Bank. .... .4t 5-1-42 50,000 Vrrater Winnipeg Water District 5.H 5-1-52 1,100 Province of Ontario . . 5-15-2 Mkt. 5.10 10-1-37 10O.0O 5.50 97.0O 5.40 lOI.KO 5.S5 IOI.OO 5.NO 1010 4.:m DS.OO 5.10 1035 5.20 We are glad to execute orders for our clients on the New York Stock Exchange. Our charge is 1.50 per S10O0 for baying or selling listed issues. E. H. ROLLINS & SONS 411 Lewis Building ' . Portland, Oregon Broadway 7670 8 37 100 S214 S2 81 04 1,100 105 104 104 200 14 13 6. IOO , 300 1,000 4,800 81 80 30 34 60 00 04 0314 l.lOO 10O IOO 000 43 42 10,000 ivn34 4O0 122 67 47 13 12 32 !ti 17 61 0O0 117 200 100 4,600 63 OHO 1,300 40I1 8.000 5,000 300 10O 3.6O0 l.loo 3O0 0O0 ' 70O 1,100 3O0 13 30 80 34 60 03 10O 42 106 1O0 122 700 14 32 00 7 7 43 44 1.400 100 107 121 H7 46 13 12 32 ' SO " 17 61 116 00 02 14 flo 50 5 6 42 44 107 2,3oO 13 11 27 40 13 11 31 21 80 17 61 116 00 62 14 30 V 00 " 6 6 42 43 20 102 .". 12 Liberty Bond Quotations. Liberty bond and victory note quota tions furnished by the Overbeck & Cooke company of Portland: ODen. Hiprh. Low:. Bid. Liberty. 3 s... .100.60 100.C0 100.50 100.56 Liberty. 1st 4s. . Liberty. 21 4s. . Liberty, 1st 4a Liberty. 2d 4s Liberty. 3d 4 s 90.02 100.08 100.00 100 10 100.00 100.02 100.00 100.02 00.60 00.92 (HI.SS 00.06 00.06 09.02 100.02 00.02 100.00 00.02 100.00 Llberty.4ta 4s 100.02 100.08 Vict'y. 4c call 100.06 100.20 100.04 100.10 Vlcfy, 4s. 1025 100.34 100.30 100.14 100.20 Money, Silver, Etc. NEW TORK, Oct. 10. Call money strong-; mg-n 0, low o; ruling rate. 5; closing- bid, 6; offered at 6; last loan, 6; call loans against acceptances, 4. Time loans firm; mixed collateral, 60-90 days. 44; 4-0 months, 45. Prime commercial paper, 4. Foreign bar silver, 60 c. Mexican dollars, 52c. LONDON, Oct. 10. Bar silver, 35d per ounce. Money 1 per cent. Dis count rates, short bills, 2-2 per cent; three months' bills. 2 7-162 per cent. Foreisn Exchange. Foreig:n exchange rates at the close of business yesterday, ' furnished by North western National bank of Portland. The p.mount quoted is the equivalent of the foreign unit in United States funds: Country Foreign unit. Rate. Austria, kronen .000016 .Of030U . . . 00(i900 . . .030000 .. .203000 . . 4.4424(10 . . .0227410 .. .070000 . .0000423 .. .027000 . . .380300 . . .000000 .. .042800 . . .003900 . . .17KOO0 .. .040000 . . .006700 .. .016000 .1 32000 Sweden, kroner :. .260300 Switzerland, francs 187400 China-Hongkong, local currency. .372000 Shanghai, taels .7soooo Japan, yen ; 487300 NEW TORK, Oct. 10. Foreign ex change irregular. Great Britain, demand, (4.42; cables, $4.42; 60-day bills en banks, $4.40. France, demand. 7.51; cables, 7.5214. Italy, demand, 4.26; ca bles, 4,26. Bi Igium. demand, 6.9514; cables, 6.06. Orrmany, demand, .03 5-lti; cables, .03; Holland, demand, 38.86; cables, :-' 38.90. Norway, demand, 17.78. Sweden, demand, 26.50. Denmark, de. rnand. 20.23. Switzerland, demand, 18.69: Spaia, demand, 15.20. Greece, demand. 2.70. Poland, demand, .01. Czecho-Slova-kia. demand, 3.59. Argentine, demand, 36.00. Brazil, demand, 11.62. Montreal, 100 1-331 LONDON. Oct. 10. By the Associated Press.) The' German mark slumped con siderably again today when it opened at 13,400 to the pound. It recovered later tj 13,000 and then reacted to 13.400. - " Swift Co. Stocks. Swift & Co. stocks at Chicago as re ported by the Overbeck & Cooka com pany of Portland: Swift Co. (. ...108 Libby. new s National Leather 83i tiwnt international 23 Finland ' Curb Bonds Allied Packers 6s . . . Am Tel &. Tel 6s Anaconda Copper 6s, do 7s '. Anglo-Am Oil 7s . Armour A Co 7s .... Beth Steel 7s Copper Ex Assn 8s . . do Oalena Signal Oil 7s Grand Trunk 6s ... Gulf Oil Co 7s Inter-Rapid Tran 7s Libby McN & Lib 7s Sears Roe 7s 3-yr . . . So West Tel 7s Stand Oil N Y 6s . . do 7s Swift & Co. 7s do . . . : Vacuum Oil 7s 1935 1024 1925 1923 1033 1026 1925 1031 226 76 101 101 10314 103 V, 104 102 102 103 100 106 103 lo2 102 101 102 100 106 101 102 107 14 Foreign Bond. Reported by Overbeck & Cooke com pany of Portland: Standard Oil Stocks. Standard Oil stocks furnished bv the -Tverbeck A Cooke company of Portland Belgium, francs Bulgaria, leva : . . . . Czecho-Slovakia. kronen Denmark, kroner England, pound sterling Finland, flnmark France, francs Germany, marks ........ Greece, drachmas Holland, guilders Hungary, kronen Italy, lire ." Jugo-Slavia, kronen .... Norway, kroner Portugal, escudos Rouinania, let Serbia, dinars Sjinilletas Bid. Asked. Anglo -. 22 24 Borne Scrysmer -420 430 Buckeye 98 100 Cheesebrough 210 230 do pfd HO 113 Continental .130 153 Creflcent 36 38 Cumberland loo 160 Eureka 96 08 Galena com 54 07 do Old pfd HO 113 do New pfd 104 108 Illinois Pipe 173 180 Indiana Pipe 07 0 Natl, Transit 20 27 X. T: Transit 171 173 , Northern Pipe 111 115 Ohio Oil 30O 308 Inter'l Pete .x . . 23 24 Penn Mex C. .. 30 30 Prairie Oil T15 730 do Pipe 280 . 28S Southern Pipe .- 98' .loo South Penn Oil .'...205 - , H13 S. W. Penn Oil 00 . 64 S. O. Ind 128 128 do Kansas 640 660 do Kentucky 113 116 do N. Y . 640 650 do Ohio 573 600 do Ohio pfd 119 120 Swan & Finch 30 32 Vacuum 660 070 Washington 24 28 S. O. Nebraska ...200 223 Foreign and Curb Bonds. Furnished by Jordan, Wentworth & Co. of Portland : Foreign Internal Bonds- French Internal 4s 1017 do Victory 5s 1020 Belgian Restoration 5s British 2 consols Italian-Cons War Loan 5 Lei 47 58 01 35 Stockholm . Christiania Copenhagen Rupees .... Argentine . . Chile ...... Brazil Peru Greek Holland Spain Czecho Serbian .... Swiss 26.55 17.67 20.30 29 35 13.00 11.60 300 272 38 . 80 1 5 . 18 300 104 18.70 Bid. Belgian rest 5s 1919 62 do prem 5s : 1920 68 do 7s 1943 103 do 6s 1923 British 5s :.. 1927 92 do 5s 1929 02 do vky 4s 10t 76 dc ref 4s 1019 78 U K 53 1929- 108 do OUs 1937 108 Bordeaux s 1034 8( Canadian S3 1926 99 do 3s ,. 1927 09 . do 5 1929 101 do fis 1937 90 d-. 5s 1931 09 Chlre 8s .. .' 1941 1(13 French 4s 191T 46 do 0s 1920 67 do Os 1931 57 do 7s 1941 97 do 8s 1943 101 German W L .... - .... Berl in 4s .00 Hamburg 4s .... ..... do 4s , . .... Leipsig -4 s do OS "Asked. 65 104 99 90 00 78 70 108 103 81 14 00 loo 102 100 09 104 47 09 50 . 97 100 .44 .75 .03 .03 .80 .85 Munich 4s . .20 .70 do 5s .... .30 1.25 Frankfort 4s 40 .49 Italian 3s 1918 34 30 Jap 4s 1931 80 S014 do 1st 4s 1025 92 93 do -2d 4s 1920 9214 93 Norway Ss 1940 112 - 11214 Swedish 6s .... , 1930 108 104 Denmark Ss 1943 100 110 Russian 5s '.. 1021 11 14 do 5s 1926 2 do 6s 1919 11 14 Sao Paulo 8s 1938 101 102 Swiss 5s 1929 104 100 do 8s 1940 121 122 German bonds quoted in dollars and cents. , Coffee Futures Steadier. NEW YORK, Oct. 10. Coffeo was steadier today and the active months sold about 8 to 11 points above yester day's closing figures with March ad vancing to 9.25c. That month closed at 9.19c bid, with the general market clos ing at a net advance of 4 to 13 points. Sales were estimated at 33.000 bags. Oc tober, 9.18c; December, 9.29c: January, 9.2Sc; March. 9.19c; July. 8.94c. and September. 8.91c. Spot coffee was reported In fair de mand with prices steady at 1010c for Rio 7s and 1301 5 e for Santos 4s. Kaval Stores. SAVANNAH. Oa.. Oct. 10. Turpentine firm, $1.32; sales 2f)2 barrels; receipts, 706 barrels; shipments, 04 barrels; stock, 11.321 fcarrels. Ronln Firm: snles. 1104 barrels; re ceipts, 207ft barrels; shipnients,L591 bar rels; stock, N.o..i QHrreiw. tTiote: rnc sua -. is- mm 'To ,sv.- Vj;7 THE annual agricultural production of the truck farms and orchards in the Lewiston Municipal Irrigation District exceeds the total bonded debt. Agricultural production has made these 4389 acres, with their 700 population, adjoining the City of Lewiston. with a population of 7000, a modern community of fine homes and prosperous people, enjoying on the farm all the comforts and con veniences of the city. The bonds of this prosperous agricultural com munity offer you a, prime investment and 6J4 INCOME TAX EXEMPT. They are desirably long term, maturing serially from 1933 to 1942, and offer you a high income with INCREASING SECURITY for ten to twenty years. The entire indebtedness is small. There is only a modest amount of these bonds available. If yon are interested ask as promptly for circular giving you full details. -Call, write, or phone, Broadway 5740. DoItNow Use Our Partial Payment Plan FREEMAN, SMITH & CAMP CO. LUMSERMENS BLDO-. PORTLAND X SHONE , - $550,000 DESCHUTES COUNTY MUNICIPAL IMPROVEMENT DISTRICT . W r.,L from tlfr- "' ' 'in, i ' ' " ' . UV' BW , ;. v A Well Secured Oregon Bond The. district, comprising 20.375 acres, one of the mot fertile and productive farminif sections of the state of Oregon, is located but five miles of the city of Bend, a prosperous and growing city, served by two transconti nental railroads. Individual holdings are small, averaging 82 acres of pro ductive land and 27 acres of pasture. Wheat, corn, barley and oats are raised in large quantities. Garden truck, strawberries and small fruit are raised in abundance and supply a heavy local demand. Potatoes grown in the district have taken first prizes In all Northwestern agri cultural exhibits. Alfalfa, the principal crop, provides the best feed for the ever-increasing herds of sheep and dairy and beef cattle. Productive land is the basis of all prosperity. These bonds are a direct obligation on wealth-producing soil, supported by the full taxing power of the municipality. The bonds are Federal income tax exempt. They are a prior tax lien ahead of all first mortgages j the collection of taxes and paymentof interest and principal are handled in the same manner and at the same time as school, county and state taxes. They area legal investment for insurance companies, trust funds'and savings banks in Oregon. Wire orders "collect" or call, write or phone Main 419S for reservations or detailed information. Price to Yield 6.25 G E MILLER & COMPANY CORPORATION Portland Seattle MUNICI PAL 2d Floor N. W. Bank Bldg. PORTLAND San Francisco Los Angeles Telephone, Main 4195 B. t. E, F. G. H. I, K. M. N, $0.5OrWG, $5.90; WW, $6.45. Chicmgo Oil Market. , By Chicago Tribune Leased Wire.) CHICAGO, Oct. 10. flasoline -Tank wagons. 19c; service station.. 21 c; ma chine, 27.7c. Oils, summer. 11.4c; win ter. 11.9c; Carbon Perfection, Iron bar rels, lllic: linseed oil. raw, 1 to 4 barrels delivery. $1.02; boiled. $1.04: tur- penrlne, $1.65; enstnred slrohol, 4'tc. 7y2 Practically two-thirds of this $60,000 issue of 7 Serial Gold Notes has been sold. , To insure a high yield, we suggest immediate reservations. C anada Shingle C o . Ltd. This successful company offers security to a value of $252,000 for this $60,000 loan, not including insurance policies that insure full payment of bonds in case of fire.' This bank is trustee for the bondholders, and recommends the issue as an investment amply secured. DEXS. $100, $500, $J000 Bonds are due serially 1925-31. Semi-annual interest. " LUMBBRMENS Ttves TMurr "BANK BROADWAY AND OAK If You Are An Investor It you are an investor, you know that investing money safely and keeping it safely invested is one of the most difficult tasks in the world. One must be a student, a statistical expert, an accountant, a lawyer,' an engineer, an economist and a man absolutely with out prejudice if he is to handle investment problems with success year after year. ' ' But no man can be all of these things in full measure, and the average investor must therefore seek aid and guidance from those who have specialized in these direc tions. Our organization has been developed along these specialized lines, and is prepared to serve you. Write for full information. . Moody's Investors Service 35 Nassau Street. New York City BOSTON PHILADELPHIA CHICAGO LOS ANGELES Ml MBk St HJ Trmsi Blsg. Knt Nil B.ak BU,. Mi. M-.l BIJ. New Issue United States Treasury Bonds We offer the facilities of our or ganization for the giving of in formation, taking subscriptions, or effecting the exchange of Victory Bonds for the new issue of United States Treasury 414 'o bonds due in 1952. Cyrus Peirce Company ,. 1002 Wilcox Bldg'PORTLAND-TcLBroadway 5915 ,( INVESTMENT SECURITIES ' SAN FRANCISCO SEATTLE ' ' . IOSANGEIES PARENT BONDS UNITED STATES GOVERNMENT BONDS are the head of the house in the bond family of America. 0UJJ GOVERNMENT has announced a new loan of 4'i refunding bonds at par and interest. We are pleaMd to offer the facilitie of our inXitution to assist our clients to participate in thin isu. Rrsfrrstion. and arrangements for conversion of Victor Brxi can now be made at our office. Western Bond & Mortgage Company FOURTH AT OAK STREET 1'OKTLAND. OREGON Telephone Broadway 6161 'WAY 740 I I. 16 EXCHANGE PLACE, N.Y.