TIIE 3I0RXTXG OREGOXIAX, TUESDAY, DECEMBER 12, 1922
25
FBI. EXCHANGE
GOES UP ABRUPTLY
Sterling Leads Market, Ad
vancing Z Cents.
CAUSE NOT DETERMINED
Keports Circulated That Govern
ment Will Not Countenance
Huge Packing Merger.
DAY'S TRANSACTIONS IJf
STOCK MARKET.
Day's total gales, .689,000
shares.
Twenty industrials averaged
97.85; net gain, .18. High, 1922,
103.43; low, 78.59.
Twenty railroads averaged
84.35; net loss, .27. High, 1822,
93.99; low, 73.43.
US
ss'i as
7i; 75 ?;
107 107
27 54
1,700 8S14
200 76 ft
1 (to 1(11
SOO 28 1
l.SOfl 124 123 124
00 154s, 54T!i
SOO 138 H 152
000 95 95
J 54
153
951;
110
27
l.SOO lOl'.i 100s l'.IOVi
?O0 114$ lUVi 13
24
S.0O0 124i4 122V1 12254
1J1
8
42
r.7
82 M
'isi'i
4-Vi
It! i,i
H
SOS
144
8
SO 14
4214
Flak Tire . 300 12T4 1214
Gen Cigars .... 400 S3 "4 82
Gen Elec 1,500 1S214 180
Gen Motor ..... 5,600 14 13
Gen Mot 6
Gen Asphalt ... 8,000 47 45 H
Gliddin Paint .. 10O 10 10
Goodrich T & R 500 35 34)4
Glen Alden 56 56
Granby
Great Nor Ore. 1,400 3114 3114
do pfd 1,700 79 77
Greene cananea
7314
68
25 H
107
3314
Gulf S Steel ... 1,300
Huston Ou ....
Hupp Motor . .
Ills .Cent
Inspiration ....
Int Ag Corp con
do pfd
Interboro
do pfd .
Int Harv 500 89 881i
Int Merc Marina 12
74
200 69
2,300 2614
100 108
200 3314
"ioo '29"
32
82
18114
13S
83
4614
10
34
56
25
31
78
24
74
68
25 li
107
3314
614
2814
14
14
3
do pfd
Int Nickel .....
Int Paper
Int Comb Eng..
invmciple Oil
500
1,300
600 .
200
300
62 st
4
Iti1
9 V
St
143
45
7
pit
55
51
1414
52
24
15
14
2014
3914
53
42
45
36
1114
7714
26
63
51
ii
n
li
19
1814
53
41
4414
35 J4
1014
77
26
51
1414
52
24 H
15U
19
1814
53
4214
4414
35
10
76
26
63
Island Oil 1,100
Jewel Tea 400
K C .Southern . 70O
do pfd 100
Keyser J 400
Kelly-Spfld 3,200
Kennecott 3,500
Keystone Tire ...13.200
Lack Steel 1,500
Lee Tire 300
Lehieh Vallev 200
Loriilard , 16:
Loew Theaters . 200 18 18 38
L & N 100 133 133 133
Lima Loco 3.500 89 68 58
Mariand Oil 6,600 32 31 31
Max Motor "A" 46
do "B" 200 16 16 15
May Stores 500 174 173 173
MeiPet 300 136 135 135
Mex Seaboard .. 4,800 16 15 16
Miami 200 27 27 26
Mid States Oil 4.200 12 11 11
. 1,700 28 28 28
.. 2,600 14 14 14
.. 600 57 56 50
. 1O0 68 68 68
. 4,000 ' 21 21
(By Cniearo Tribune Leased Wire.)
NEW YORK, Dee. 11. Foreign ex
change indisputely heid the center of
the financial stage today. Sterling again
ltd the market; advancing 2c to a
rate of $4.59, which was 6c above
that of a week ago, 13 above the
Quotation of the day when the Interest
payment to our treasury was completed
In November, and 22c above the rate
which was reached in the last days of
September. This is actually a more rapid
advance than has been scored at any
time, since the violent upward movement
fat this time last year. A further rise,
only 4 cents greater than that of the
last 30 weeks, would bring the sterling
rate back to par of exchange. No one
expects such a result to be achieved
JUBt yet.
It is not easy to doubt that the ex
ceedingly rapid rise of the past few
days has been connected with the Lon
don conference on reparations.
On the stock exchange the continuing
advance of United States bonds was again
the Incident of the day. The new 4s and
most of the older liberty bonds sold a
lull point above their very recent low
prices of the season. Other bond3 held
f'rm as a rule, though not ihanging
greatly in price. The day's stock market
hardly deserves notice. Its narrow, pur
poseless and conflicting movements ap
peared to indicate nothing more than
the activities of small speculators push
ing against one another.
Reports were again in circulation in
Wall street today that the merger of
Feveral smaller oil companies with the
Producers & Refiner3 corporation is
about completed. Representatives of
llair & Co., today said they could aeither
confirm nor deny the report. One mem
ber of the firm said ail that can be
made public at this time is "that no
contracts for any merger have
been closed up to this time." Despite
the fact that Wall street named four
companies as being interested in the
deal, the bankers would not say whether
the concerns mentioned were the ones
which Producers & Refiners would take
over.
It was reported today In executive
quarters, which are close to Washington,
that the merger of the packing compa
nies controlled by the Armour-Morris
Interests will not be countenanced by the
government. One explanation of this sit
uation was that the merger of these con
corns would react most unfavorably on
the agricultural communities, in the
opinion of the governmental officials, and
that the knowledge of this condition was
said to have led to a decision against
tbe consolidation.
Iocal bankers are understood to be go
ing over the financial statements of four
fairly prominent oil companies with the
purpose in mind being the consolidation
nf the corporations into one large coinbi
nation. The four companies understood
to be interested in the combination are
the Union Oil company of California, the
l'ure Oil company, the Transcontinental
OU corporation and the Arkansas Nat
ural Gas company. Of the concerns men
tioned, the Union Oil company of Cali
fornia is in the stronger position. Ac
cording to the information the price at
vhlch the stocks of the Transcontinental
Union Oil and Arkansas Natural Gas
company will be taken into the combina
tion have been agreed upon, 'out the
hitch lies in the price at which Pure
Cll stock will be taken in.
CLOSING STOCK QUOTATIONS.
IMrnislied by Overbeck. & Cooke com
pany of Portland:
Stock. Sales. High. Low. Close.
Adv Rum 14
Austin Nichols . 700 32 31
Agr Chem 1,700 81 31 30
do pfd 2K 60 59 59
AJax Rub 1,800 13 12 12
Alaska Gold 400 li li
Alaska Juneau 1
Allied Chem ...17,500 80 75 SO
Allis-Chalmers . 300 44 42 44
do pfd 95
Am Beet Sugar. 600 41 40 40
Am Bosch 200 35 34 34
Am Can Co 5,700 73 72 73
do pfd 200 112 112 111
Am Car St Fdy.. 100 184 184 184
do pfd 122
Am Cot Oil 300 18 17 37
do pfd 33
Am Drug Synd.. 100 6 6 0
Am H & L. ... 100 10 10 30
do pfd 61
Am Ioa 600 110 109 109
Am Int Corp ... 1,700 29 28 29
Am Linseed two 30 20 r4 2
do pfd 200 40 4!) 49
Am Loco 2,100 123 322 323
do pfd 122
Am Saf Razor.. 200 7 6 7
Am Ship & Com. 2,900 21 21 21
Am Smelter 600 54 53 54
do Pfd ;''.
Am Snuff . . .
Am Steel Fdy,
Am Susar
do pfd
Am Sun atra .
Am T & T ...
A m Tob
do B
Am Wool ...
do pfd
Am W P pfd 300 27 27
Am Zinc SOO 36 16
Anaconda 2,200 4 47 H
Assd Oil
Atchison ....
do pfd ....
Atl Cst Line .
Atl G & W I.
Baldwin Loco
do pfd
B & O 3,500 4."
do pfd 300 r.7
Barnsdall Cpn A 1,300 83
do B
Beth Steel B ... 3,300
Booth Fish 200
It U T 41)0
Butte C'& Z". ...24,900
Butte & Sud . . . ;ioo
Burns Bros A... 2.100 14
do B 2.:i' 4
Caddo Oil 300 8
Cal Pack. -tun 81
Cal Pet 6,4tX) 56
do pfd i"o y. w
Cal Z.nc & Lead 500 8 7 7
Can Pac ..
Cent Lea 700 34 M
de Pasco... 2.400 4:;
Chand Motor ... 2,000 tea,
Cht & N W 9'M 81
.-hjm fit W 300 4
do Pfd 200 9
Chili Cop 8,100 27
:nino z.vtm zoii
: M St P 500 22
do pfd 5,000 35 34 31
Coca Cola 400 77 76 76 --s
; & O 1,700 66 60 BoJs
010 P I ... 200 25 24 24
i 0IO BQUvnern
'.ln,K . rcranft 1 "tilt li 3i ' Si
Midvale Steel
M K & T Wi
Mack Truck
Mont Power
Mont Vv ard
Mo Pac
do pfd
600 42' 42
21
16
42
MStP&SSM 63
Nat .Biscuit . . . 271
Nat Enamel
Nat Lead .......
Nevada Con ....
New Haven ....
Norfolk &W ...
Nor American . .
Nor Pac
Nova Scotia Steel
N T Air Brake . .
N T Central
400 65 65 65
8.600 129 123 125
100 14 14 14
4,300 22 21 21
400 111 110 111
1,400 94 03 93
2.400
30O
100
9,500
Okla Prod ret ... 1,400
'6
26
28
96
2
19
20
r4 .
26
28
94
2
39
20
8
52
86
46
97
'5
26
28
95
2
19
20
Orpheum 500
Ontario &W ... 100
Otis Steel 4,600
PigglyWiggly .. 6.10O 53
pac Gas It Elec. 3.200 88
Pac Oil 4,100 47
PanAmnPet ...22,400 99
do B ......14.200 94
Penna 400 46
Penna Sea Steel. 8.500 3
Peo Gas 2,800 93
Pere Marauette.. 6.500 S5iA
Philadelphia Co 40 v
PhillipsPete ... BOO 44 43 43
Pierce-Arrow .. 600 12 12 12
Pierce Oil 700 4 4 4
Pitts Coal 700 60 59 59
Pitts&WVa ... 400 84 34 33
rraa oieei (jar .. , , ..... 77
46
3
91
34
52
87
46
97
93
45
3
92
35
Punta Alejrre
Pullman
Pure Oil
Ray Cons
Reading . . . .
Kemington ..
Replogle Steel
Rep I & s
do nf d
Ryl Dutch Oil
Ry Steel Sng
Saxon Motors
sears Robuck ... 4,000 82
oaitluCK a: Ariz. ... . .
Shell T & T 500
Sinclair 13.900
Sloss Sheffield
Southern Pac... 3.400
Southern Ry.... 800
800 48 47
900 127 127
1,100 28 27
13
77
36
24
47
83
53
600
1,000
500
800
1,700
SOO
3,200
100 113
SOO 1
13
76
35
'23
46
82.
62
113
1
80
35
32
do pfd
S O Cal .
do Ind
do N. J.
do Ky .
St L & S F
Stromberg Carb.
200
87
24
65
35
31
'86
23
60
48
127
27
13
76
36
24
46
82
62
113
1
81
7
35
31
39
86
28
65
115
Studebaker
Swift & Co
Tenn C & C. . .
Texas Oil ....
Texas Pac
Tex P C & O. .
Tobacco Prod.
Trans con Oil
. 1.70O 116 115
1H lltt 117
. 1,100 199 108 198
... 126 126 126
700 21 21 21
300 57 56 57
.26,400 133 131 132
. . . 107
9
48
21
2
64
11
9
48
21
22
54
11
. 300 0
.17,300 49
. 1,100 21
. 3.000 23
. 1,290 55
,. 3.700 12
Union B & P. ,!
Union Oil Del.. 1.400 1S 1R. isv.
Union Pacific... 1.700 138 .137 137
United Alloy 10O 35 35 at
United Drug 77
United Food P.. 9O0 5 0 5
United Fruit 900 159 157 156
OND CHANGES UNEVEN
MIXED GAES'S .VXD LOSSES IX
SEW YORK MARKET.
Government Issues Are Mainly
Higher; Distillers Securities
5 s T7p Seven Points.
NEW YORK, Bee. 11. No definite
trend was apparent in today's relatively
clull dealings in bonds, gains and losses
being about evenly divided at the close.
In the foreign group Mexican 4s
gained a point and some improvement
was -noted In United Kingdom 5s of
1929, presumably is sympathy with the
higher exchange rates, while Lyons 6s,
Prague 7st and Serbian fis lost a
point each. A good volume of the re
cent buying In this group has been for
foreign account.
St. Paul Issues showed mixed changes,
the refunding 4s recovering all but
one point of the 5 point loss on Satur
day and the 4s of 1925 advancing a
point, while the Fuget sound divisions
4s dropped 2 points, general 3s, 1
and the convertible 5s, 1.
While selling for taxation pnrposes
has been blamed for the recent reaction
in this group, reports were circulated
in the financial district today that liqui
dation for the account of the William
Rockefeller estate was a factor.
Irregularity also marked the rest of
the railroad list, Frisco adjustment 6s
climbing 2 points and the income 6s
dropping 1, losses of 1 to 1 points
also taking place in Minneapolis-St.
Louis refunding 4s, New Haven 6s, Iowa
Central &s, Peoria & Eastern income 4s,
Chicago & Alton 3s and New York
Central 4s.
A seven point gain in Distillers Se
curities 5s was the outstanding feature
in' the industrial group, other strong
spots in which were Producers & Refin
ers 7s and 8s with warrants; American
Agricultural Chemical 5s, Chile Copper
7s, Cuba Cane 7s and 8s, and Virginia
Carolina Chemical 7s. Republic Steel
5s were weak.
United States government securities
were mainly higher. Losses of four cents
on $100 took place in Liberty 3s and
the third 4s, but the other active is
sues showed gains ranging from 2 to 14
points.
New offerings totaling more than
$20,000,000 were put out by local syndi
cates today, the largest being the $15,
866,700 of closed mortgage and collat
eral trust sinking fund 7 per cent con
vertible bonds of the Duniop Tire &
Rubber corporation of America, , of fered
at 95 to yield 7.60 per cent.
Other large issues were the $2,500,000
5 per cent offering of the Adirondack
Power & Light corporation, $1,000,000 of
St, Louis county, Missouri, 4 per cent
road bonds and $1,000,000 5 per cent
bonds of the Wichita Land bank.
A public offering of $14,000,000 cumu
lative 7 per cent preferred stock of the
Jones & T,aughlin Steel corporation, put
out today at 107 to yield 6, was
oversubscribed.
NY Wes & Br 4s.
Nor & Son 5s A
Nor & Wes cv 6s
Nor Am Ed sf 6e .
Nor Pac ref 6s B .
do rfg&imp as C.
do nr lien 4s
Nor St Pw rf 5s A. '
Nor Bell Tel 7s
Or & Cal 1st 5s ...
OrShLref4s ....
u-w RR & Nv 4s .
Pac Gas& Eiec 5s .
P Tel & Tel 5s c.f . -
Pack Mot Car 8s .
Pn-Am Pet & T 7s.
PenRR6s
no gen 5s ......
do een 4Ua
Peoriafe E inc 4s
Pere Mar ref 5s .
Pro & Ref ss ww ,
Pub Serv 5s
Read gen 4s
Rem Arm sf 6s ...
Ren I & a col 5s.
R I A & L 4s.."
SI IM&S 4s RO
StL&SF p In 4s A
no aaj os
do lnc 6s
St L Sw con 4s . .
A & A P 1st 4s
Sea Air I, eon 6a.
do adj 5s ......
do ref 4s
Sharon St H 8s A.
Site Con O col 7s
Sine Cr Oil 5s..
Sou Bell Tel 5s..
Sou Pac cv 4s. . . .
do col tr 4s.
Sou Ry gen 6s.
Sou Port R Sgr 7s
St Oil Cal deb 7s
Tex & Pac 1st 5s. .
Third Ave ref 4s.
Tidew Oil 6s. ..
T St L & W 4s..
TJn Pac 1st 4a. . . .
do cv 4s .......
Un Drug 8s
Un Fuel Gas 6s. . .
U S Realty 5s
New York Bonds.
NEW YORK. Dec. 11. (By the As
sociated Press.) Following are today's
high, . low and closing prices of bonds
on the New York stock exchange, and
the total sales of each bond (in $1000):
U. S. Bonds
Sales. High. Low. Close.
. . 492 100.48 100.30 100.30
1 98.46 98.46 98.46
. , 93
. .1052
.. 629
1,300
700
9,000
2,100
1,100
U Rds of N J
United Rds nfd.
United Ret St...
U S C I Pipe
U S Ind A!so....
U S Rubber
do 1st Dfd
U S Smelting...
u a Kteel
do nfd
Utah Copper . . .
Va Chem
do nfd
Vanadium Steel.
Vivaudou ......
Wabash
do A pfd 1,400
co is prd
Wells Fargo....
Western Pac...
do pfd
Western Union..
Wesfh'se A B..
do E & M
West Md
White Eagle Oil.
White Motors. . .
White Oil
Willys Overland.
do pfd .
Wilson Pkg
Wis Central ....
Woolworth
Worth'ton Pump 1,700
W & L E 100
67
25
66
53
97
65
52
96
10,300 103 102 103
mi 11 120 120
11
66'
24
63
52
97
11
25
66
1,200
1,700
500
800
1,500
100
100
500
200
63
26
62
34
14
9
24
89'
16
56
:
25
60
34
13
9
24
36
56
62
25
62
34
14
8
24
16
89
35
56
2.200 1151A T13 114
n in xvayn 104 104
2.300
300
2,500
500
7,300
400
400
59
32
32
49
4
40
59
12
32
49
4
5 .
40
59
11
32
49
4
5
40
35
. . 27
400 213 212 213
32 29 31
9 9 9
Money, Silver, Etc.
NEW YORK, Dec. 11. Call money
easier. High, 4; low, 4; ruling rate,
4; closing bid, 4; offered at 4: last
itan, 4.
Call loans against acceptances, 3.
Time loans steady; mixed collateral,
60-90 days, 45; 4-6 months, 45.
Prime commercial paper, 4.
Foreign bar silver, 64c.
Mexican dollars, 49 c.
LONDON, Dec. 11. Bar silver, 81
13-16d per ounce. Money, 1 per cent.
Discount rates, short and three months
bills, 2 9-16 2 5-8 per cent.
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:
Austria, kronen
Belgium, frapes
Bulgaria, leva
Ozecho-Slovakia, kronen .
Denmark, kroner
Kngiand, pound sterling . .
Finland, finmark
France, francs
Germany, ntarks ..............
Greece, drachmas ..... .........
Holland, guilders
Hungary, kronen ..............
Italy, lire
Jugo-Slavia, kronen
Norway, kroner ,.
Portugal, escudos ,
Roumania, lei
Serbia, dinara
Spain, pesetas
Sweden, kroner
Switzerland, francs
China Hongkong, local currency
Shanghai, taeis
Japan, yen , . . .
$0.000016
.05000
.00S100
.032000
.207000
4.606250
.026000
.071500
.000160
.013500
.398500
.0O06S0
.050500
.003500
.190000
.050500
.006700
.014600
.156000
.2700(10
.189000
.542500
.740000
.492500
Liberty 3s
do.2d 4s
dols4s ...
do 2d 4s ...
do3d4s ...
do4th4s ..
Victory 4s un
do 4s call . .
U S treas 4s
roreign
Argentine 7s .....
C of Berne 8s ....
C of Bordeaux 6a
C of Christna 8s . .
CofCopen5s ..
CofGrPrg7s ..
C of Lyons 6s ....
C of Mara 6s
C of R de Jan 8s . .
C of Zurich 8s ....
Cz-Sl Rp 8s ctfs . .
uan Alun es A ....
Deo of Seine 7s
D of C 5s n 1929 .
D of Can 5s, 1952..
D E Indies 6s, 1947
do 6s, 1962
French Rep 8s ...
do7s ....
Hol-Amllne6s ...
Jap 1st 4 s
do 4s
Belgium 7s
do 6s
Denmark 6s
Italy 6s
Netherlands 6s- . . .
99.24
98.66
89.08
98.98
99.24
98.52
98.92
98.90
99.06
98.52
98.92
20 98.98 98.84
92 100.42 100.38 100.38
24 100.00 100.00 100.00-
S6 99.92 99.74 99.84
27 100 100 100
2 111 111 111
25 78 78 78
9 108 108 108
2 90 -90 90
35 74 73 74
21 78 78 78
10 78 77 78
1 97 97 97
6 112 112 112
24 87 86
19 10S 108
S6 85
108
85
26 101 101 101
165
37
22
62
121
12
22
87
94
94
98
94
87
93
87
98
93
93
98
93
87
92
87
99
93
1
98
93
S7
98
87
20 100 100 100
26 95 95 96
18 98 98 98
1 93 93 93
238 99 98 98
Norway 8s 16 111 111 111
aweaen es 10 10414 I04i 104W
Par-Lyn-Mediter 6s 146 73 72 72
.Bolivia 8S 19 93 9314 !)3A
Chile 8s, 1946 2 103 103 103
Uruguay 8s 1 104 104 104
yucnisi.uu IB .... W lOO iO ltJS
do6s 15 JU1 100 100
San Paulo sf 8s .. 19 98 97 97
Swiss Confed 8s .. 3 117 117 117
1929
do5 's, 1937
Brazil Ss
do 7s 16
U S of Brazil-Cent.
Ry Elect 7s ... . 8S
Mexico 5s 16
Mexico 4s ........ 55
Railway and miscellaneous
Am Ag Ch 73.. 85 102 102 102
119 119 111 112
.lUZ-Ji, lUft -102
30
93
98
93
98
3
87 86
37
51
51
37
Am Smltg 5s
Am Sugar 6s ....
Am T & T cv 6s.
do col tr 5s
do col 4s
Am Wtg Ppr 6s. .
Am W W & E 5s
A Jurg Mg W 6s.
Armou & Co 4s.
A T & S F gen 4s
Bait & Ohio 6s..
do cv 4s ....
Bell T of Pa 7s. .
Beth Steel ref 5s.
do p m 5s
Bk Edsn gen 7s D
Bk R T 7s ctfs. . .
Cal G & E 5s
Can Nor 7a
Can P deb 4s.
24 93
01 302
22 116
45 98
10 91
1 84
12 84
93
101 102
115 115
97 98
90
yo
91
84
84
78
90
9U
91
84
84
78
90
89
16 101 100 100
23 80 80 80
10 108 10S 108
4 95 95 95
2 93 03 93
4 1UB 1U t 108
2 90 90 90
1 95 95 95
5 112 112 1121
17 79 79 79
C of Ga 6s 6 100 100 100
is 99 98 118
5 86 - 86 86
26 129 128 128
30 93 92 92
23 2t
100 100
81 81
51
84
34
23
3
46
4
155
40
109
. 7
10
14
87
49
15
3
5
38
50
1.300 142 Sfe 141 142
3.".
42
62
80
4
9
26
23
21
34
76
65
24
SSti
42
63
80
4
9
26
23
NEW YORK, Dec.
change, firm. Great
S4.59; cables, $4.59; 60-day
banks $4.58 15-16; France,
7.11c, cables 7.12e: Italy,
5.04c, cables 6.04c; Belgium,
6.52c, cables 6.53c; Germany
.0123c; cables .0124c; Holland,
89.80c, cables 39.84c; Norwav,
18.90c; Denmark, demand 20.5Sc
land, demand 18.87c; Spain,
15.56c; Greece, demand 1.24c;
demand .00c; Chechoslovakia de
mand 3.1 1 ; Argentine, demand 37.75c;
Brazil, demand 12.20; Montreal, 99 11-16
per cent.
11. Foreign ex
Britain, demand
oflls on
demand
demand
demand
demand
demand
demand
; Switzer
. demand
Poland.
on Gas
ons Cigars .
do pfd
ons Textile
ontl Can .
orn Prod ..
do pfd ...
osden Oil .
r I & r .
do "A" pfd
do "B" pfd
ruclble ....
do pfd ....
uba Cane .
do bid . . .
uban A Sugar 4,400
avison Chem.. 60,500
el & Hudson
el A Lack .
ome Mines . . . 500
lec Stor Bat. . 2.700
ndleoti Johns. 2.6(H)
rie 2,300
do 1st pfd ... 800
nmous Players 4,300
ed Ming & 8m
da pfd 100
900 124 123 123
600 3 8 37 37
79
. 600 12 12 12
. 8,500 10S 105 108
.16,600 133 130 132
. 100 119 119 119
5,600 49 5j
.. 1.600
.. 300
. . 600
..10,800
200
.. 800
!,80O
93
83
66
81
14
"-)?
5
30
49
32
93
S2
64
91
34
39
25
27
49
32
92
82
65
90
14
39
25
3(1
400 119 119 116
300 133 132 132
42
42
58
89
10
15
93
S3 ii
57
SS
10
57
88
lli
15
93
Cenfralia Bank Changes Hands.
fCENTRALIA, Wash., Dec. 11. ISpe
cial.) A change in ownership of the
Centralia State bank was announced
today, the new owners taking charge this
morning. C. O. Gingrich, Hoquiam bank
er, is the new president; John D. Won
derly and W. H. Oliver, vice-presidents,
and John Raught, cashier. Other mem
bers of the board of directors are A. C.
Gesler, Dr. J. H. Damon, C D. Cunning
ham and Jay Agnew, the latter being
chairman of the board. All, with the ex
ception of Mr. Gingrich, are prominent
Centralia business and professional men.
A. U. Dann is the retiring president of
the bank.
Chicago Oil Market.
(By Chicago Tribune Leased Wire.)
CHICAGO, Dec. 11. Gasoline: Tank
wagons. 18c; service stations, $20; ma
chine, 27.7c Oils: Summer, 11.4c; win
ter, 33.9c Carbon perfection, iron bar
rels, llc Linseed oil, raw. one to four
barrels delivery. iSc; boiled, 9Qc. Tur
pentine, $1.76. Denatured alcohol, 42c.
Phone yonr want ads to The Ore
ionian. AH its readers arc inter
ested in the classified columai.
Cent Lea
C P gtd 4s
Cerro de Pasco 8s
C & O cv 5s
do cv 4s
C & A 3s
C B i Q r 5s A.
C & E I 6s
Chi Gt West 4s..
C M St P cv 4s.
do cv os B
do ref 4s. . .
C & N W 7s
Chi Rys 5s
C R I & P gn 4s.
do ref 4s
Chile Cop 7s
Chile Cop 6s
C C C St L gn 4s.
Colo & S ref 4s.
Col G & E 5s
Con Coal Md 5s. r
Cuba C Sug db 8s.
Cuba R R 7s A.
Cu Am Sug 8s...
D & R G ref 6s. . .
Det Ed ref 6s ... .
Det U Rys 4s..
Donner Steel r 7s.
DuPont 7s
Duquesne Lt 6s..
E G & F 7 ctfs
Erie pr lien 4s. . ..
do gen lien 4s..
Fra Ind Dev 7s.
Gen Elec deb os. .
Goodrich 6s ....
Gdyr Tire 8s 1931.
do 1941
G T Ry of Can 7a,
do 6s
Gt No 7s A
do ft g B
H & M ref 6s A. . .
do adj inc 5s. . .
Hum O & R 6s.
Ill Cent Es ....
Ill Cent ref 4s
111 St deb 4s
Ind Steel 5s
Int M 4s ctfs stp
Int Rap Tr 7s....
do ref 5s
do ref 5s ctfs. . .
Int&G N adj 63 wi
Int Mer Ma at 6a.
Int P ref 5s B
Iowa Cent ref 4s.
K C Ft S & M 4s.
Kelly-Spg Tire 8s
Lack Steel 6s. '50
LS&MS deb 4s, '31
Lehigh Valley 6s.
Ligg & Myers 5s
Loriilard 5s .....
La Nor 5s
Magna Copper 7s.
Manati Sugar 7s
Mrk St Ry con 5s
Mich Cent deb 4s
Midvale Stl cv 5s
M A St. L ref 6s
MSt.P&SSM 6s.
MKAT pr in 6s C
do new p 1 5s A
do new adi 5s A
Mo Pacific con 6a
do gen 4s
Mont Power 5s A
N E TAT 1st 5s
N O T & M inc 6s
N Y Cent deb 6s
do rfff & Imp ds
do con 4s 40
51
65
67
58
109
77
83
111 110
96
80
87
96
88
90
2 107 107
6 46 46
1 (j ioa
15 85
3 90
33 107
8 104
93 93
6 65
169 44
24 90
11 101
56
109
77
82
S3
79
87
96
88
90
105
88
24
100
81
51
64
t)7
67
109
77
82
83
110
96
SO
87
96
88
90
105
107
46
ins
89
4 46 46 46
2 62 62 62
1 112 112 112
17 93 93 93
158 109 108 108
5 9S4 98 88
15 86 85 86
30 92 92 92
42 307 107 107
4 100 100 100 -
2 -92 92 92
30 81 81 81
7 92 91 92 .
30 91 91 91
3 107 107 107
2 102 102 102
5 110 110 110
8 101 100 100
8 92 91 92
13 29 28 29
2 97 97 97
1 118 118 118
8 85 84 84-
6 84 84 84
16 93 93 93
13 93 92 92
v 3 80 80 80
10 84 84 84
46 70 70 70
136 77 74 74
117 59 68 59
4 78 Z7 78
3 75 75 75
4 60 59 59
32 23 22 22
10 40 40 40
99 99 99
90 101 100 101
11 98 98 98
1 96 95 95
23 92 91 91
14 87 87 87
1 85- 85 85
25 101 101 101
23 67 67 67
3 99 99S 99
23 106 106 106
4 93 93 93
6 61 61 61
19 57 56 66
1 103 103 103
30 75 75 75
29 91 91 91
75 95 94 95
5 112 112 112
1 97 97 97
2 99 9 99
31 89 88 89
.39 103 102 103
4 91 91 93
20 92 92 92
28 96 95 95
25 97 97 97
6 98 98 98
10 63 62 63
6 80 SO 80
2 309 109 109
7 107 307 107
2 104 104 104
8 95 . 94 94
5
2
25
4
CUTTLE SMIET HIGHER
PRICES RAIiTDY FROM LAST
WEEK'S BREAK.
Advances ot 50 to 75 Cents in
Steer and Cow Divisions; "
Hogs Also Stronger.
Aftr on jnmiuA of ten weeks with a
broken knee, H. H. Oofold, manager and
cattie salesman .for the Kidwell & Cas
well Commission company, ia again
back in the cattle division looking after
the disposition of a number of cars of
Mt1 nmnne which are several lots of
choice steers for the Christmas trade.
Eighty-seven loads of stock were re
ceived at the yards over Sunday of which
nine loads were nogs goins uiruugiL
Tha cattle market rallied well from
last week's depression with advances of
50 to 76 cents on steers and cowa The
regular steer top was established at
$7.60, while a few sales of show cattle
were made at $7.75 and $S.
Hogs were also firmer with a uaarter
advance on prime lights. -
Sheep and: lambs were Bteaay aim uu-
changed.
Receipts were 1370 cattle, 275 calves,
3497 hogs and 928 sheep.
The days sales were am ionowa.
75 steers. 770$ 3.60
2 steers 1176 6.25
S steers 1090
29 steerB 1078
6 steers 1230
5 steers 12 1 8
1002
854
U S Steel s f 6s. . .
Ut P & L 5s
Va-O C 7s w war
do 7s ctfs
Virginian Rv 5s
Wabash -1st 5s ...
w Md 1st 4s .... .
W Pac 5s
W Union 6s ....
Wghse El 7s
Wll & Co s f 7s.
ao cv os .......
Total sales of bonds todav were $11.-
559,000 compared with $5,622,000 pre
vious day, and $16,063,000 a year ago.
New York Curb Stocks. .
Furnished bv Jordan. Wentworth A
Co. of Portland:
Industrial
Acme Coal Mining 57
Acme iracKing 36
Buddy-Buds, Inc 1
Car Lighting & Power 1
Colombian Emerald Syn 51
Continental Motors . .......... 10
Durant Motors, Inc 66
Glen Alden Coal , 65
Mercer Motors 3
Peerless Truck & Motor............ 66
Philip Morris 18
Radio Corp of America . 3
do old 1 15-lfl
Sohulte Retail Stores 59
southern Coal & Iron 30
United Profit Sharing new 6
umiea rtetau otores candy.
w ayne uoal
West End Chemical
Oils-
Allied Oil .-
Angio American 19
Arkansas Nat uas com 8
Boone Oil 3
Boston-Wyoming Oil 97
Carib Syndicate 4
Cities Service Bankers 37
do com 168
Creole Syndicate 1
Cushing Petroleum 2
Engineers Petrol Co j-.... 16
Federal Oil f. ,74
Gilliland Oil com J 3
Glenrock Oil , 11-16
Hudson Oil 10 I
International Petroleum 21
Keystone Ranger Devel 28
Livingston Oil Corp . 5
Lyons Petroleum ....1 67
Mammoth Oil 43
Maracaibo Oil Expior..-.. 15,
Merrit 7
Mexico Oil Corp .....11-16
Mountain Producers 17
Mutual Oil 11 Vi
Noble Oil & Gas 22
Omar Oil & Gas 95
Producers & Refiners 7
Red Bank Oil 14
Sapulpa Refining 3
Simnis Petroleum 14
South Petrol & Refining 8
Southwest Oil 1
Standard Oil of Indiana 116
Victoria 5
Y" OU & Gas 6
Mining
Alaska Brit-Col Metals 1
Belcher Extension .
Boston & Montana Corp 3 -
do JMev 40-
Candalaria Silver 1
Cash Boy Consolidated 29
Consolidated Copper 11
Cork Province Mines 3
Cortez Silver 14
Dean Consolidated Corp 2
Divide Extension 65
El Salvador Silver Mines 11 .
Ely Consolidated 2
Emma Silver 3
Eureka Croesus 2
Goidfield Deep 17
do Development 9
Goidfield Florence 3
Gold Zone Divide 12
Harmill Divide 8
Jerome Verde Devel 2
Knox Divide 2
Done Star Consolidated. 5
MacNamara Cresc Min 7
MacNamara Mining ; 7
Marsh Miniing .v 4
McKinley-Darragh-Sav 22
Mexican Eagle 10
National Tin Corp ; 22
Nevada Ophir 10
Mpissmg Mines o
Ohio Copper 49
Kay Hercules lnc l
Red Hills Florence 2
Rex Consolidated Mining 5
Sandstorm Kendall 2
Silver Mines of America 17
Spearhead 3
Success Mining 45
Teck Hughes 78
Tonopah Divide - 72
Tonopah Extension 3
united Jfiastern Mining 1 H-lo
West Deme Cons 15
West End Cons . . . 1 7-16
Mining Stocks in Boston.
Furnished by the Overbeck & Cooke
23 steers
22 steers
3 steers
8 steers
4 steers
4 steers
2 steers
36 steers
28 steers
3 steers
13 steers
23 steers
27 steers
49 steers
12 steers
12 steers
4 steers
9 steers
2 steers 1000
26 steers 1055
5 steers 922
12 steers 1033
16 steers 1162
2 steers 1145
26 steers 1055
6 steer3
2 steers
2 steers
14 steers
4 steers
8 steers
38 steers
10 cows.
2 cows.
29 cows.
2 cows.
2 cows.
3 cows.
5 cows.
7 cows.
11 cows.
12 cows.
3 cows.
9 cows.
9 cows.
2 cows.
3 cows.
S cows.
3 cows.
2 cows.
5 cows.
13 cows.
4 cows.
2 cows.
4 cows.
2 cows
9 cows.
7 cows.
2 cows.
6 cows.
24 cows.
29 cows.
9 cows .
36 cows .
2 cows.
2 cows.
11 cows.
3 cows.
2 cows.
13 cows.
5 cows.
23 cows.
2 cows.
5 cows .
2 cows.
5 cows.
14 calves
1 calf..
2 calves
3 calves
lcalf..
3 calves
2 calves
1 calf. .
52 calves
1 calf . .
13 calvea
33 calves
6 calves
10 calves
61 calves
10 calves-' 152
15 calves 233
4 heif .
13 heif.
2 heif.
35 heif :
6 heif.
2 bulls.
1 bull..
2 bulls,
lbull..
1 bull..
1 bull..
1 bull. .
1 bull..
11 bulls.
1 bull. .
2 bulls.
1 bull..
1 bull..
1 bull.
2 bulls.
- 1 bull. .
2 bulls.
1 bull. .
1 bull. .
14 mixed
12 mixed
4 mixed
1066
1002
977
820
695
640
846
770
1235
1007
995
927
907
1073
1133
765
810
912
990
1098,
6S6
991
1080
865
1235
- 825
1050
1010
1005
1097
1237
1213
1027
1057
955
1180
1060
963
760
1036
1047
1027
910
992
1030
996
885
1185
991
996
1000
980
1045
960
1187
S49
883
890
942
1100
965
.985
1130
1070
515
265
210
205
163
3 50
340
140
80
215
430
401
208
128
313
225
5.25.
6.00
6.251
6.251
6 25!
6.25!
4.50
5.50
5.50!
6.50
4.25
5.00
6.00
5.50
5.25
5.35
5.35
5.35
5.00
5.35
8.00
8.00
6 00!
7.501
6.00!
6.101
6.10
5.00
7.001
5.35
4.00'
4.50
5.25
5.25!
5.60!
6.00
17 hogs. .
57 hogs..
2 hogs. .
6 hogs. .
3 hogs..
1 hog. ..
5 hogs. .
21 hoes. .
38 hogs..
9 hogs. .
4 hogs. .
13 hogs. .
3 hogs. .
6 hogs. .
2 hogs. .
35 hogs. .
2 hogs. .
10 hogs. .
2 hogs. .
2 hogs. .
9 hogs. .
2 hogs. .
4 hogs..
8 hogs. .
'5 hogs. .
50 hogs...
6 hogs. .
2 hogs..
2 hogs. .
42 hogs. .
48 hogs..
5 hogs. .
19 hogs..
IS hoHs..
18 hogs..
85 hogs. .
7 hogs. .
4o8 hogs.
4'00162 hogs..
J-,109 hogs.
4 5 38 hogs..
2 5 116 hogs,
o'sn 58 hogs..
lm iog...
0 7s 1 hog. ..
?n51 hogs..
SiXUhogs..
1 ooL?
.001
Wt. Price.
111 8 75
157
290
148
150
160
176
9.23
8.25
8 75
8.75
8.75
9 25
183 . 9.25
194 9.25
i 9 hoes. .
,65 hogs. .
13 Iambs
SS eiambe
,,13 lambs
5 lambs
62
140
172
356
138
260
150
240
295
420
"135
131
270
170
408
200
159
325
245
365
195
108
156
152
161
140
194
162
207
162
104
168
165
85
340
400
195
184
425
151
470
380
243
250
146
195
70
83
98
44
58
80
123
310
110
100
304
160
1230
1215
1012
2M
628
966
987
r7
1080
SS5
640
755
766
756
1575
1300
1455
850
18301
1730
16S0
1760
1434
1570
3 310
1270
1180
1570
985
1140
1125
1340
1040
812
447
447
20 hogs..
J-fg lhog...
n'ttn 1 hogs. .
S nol ? hogs..
3.251.
3.501
4.001
3.751
6.00
-uy'.13 lambe
12 22 lambs
105 lambs
78 lambs
4-0 lewe..
129 ewes.
3--0 lewe..
3-3 2yearl.
-60 2 weths.
10 mixed
3.25 1 h,,lr
4.60 2 steers.
4 00 24 steers.
4-00 i7 steers.
4.50 lateer..
4 50 12 steers.
2- 00 3 steers.
4.2n 18 steers.
3- 25 4 steers.
4.2o i steer..
3.50 ) atn.rc
3.60, 2 steers. 1100
2 50 i steer.. 1240
n-00 -!2 steers,. 1095
6.50 ii steers. 1160
o.oo 4 cows..
7-OOIn cows..
6.00112 cows..
8.501 2 cows..
5 00;ll cows..
8.00 2 cows..
4.00 4 cows..
7.00il5 cows..
6-00' 16 cows..
4.75 2 cows..
.6-50 1 heifer
9.00! 2 heifers
5.601 1 heifer.
7.001 1 bull..
6.501 1 bull..
6.501 1 bull..
4.501229 yearl
4.501 200 yearl
5.001 6 yearl.
5.101 3 mixed
5.001 2 hogs. .
3.25, 1 hog. ..
8.75122 hogs..
3.75169 hogs. .
3.001 4 hogs. .
8.50! 1 hog...
4.251 4 hogs. .
3.25! Ihog...
4.25'U hogs. .
3.25120 hogs. .
3.501 5 hogs..
3.501 4 hoes..
3 50' 5 hogs. .
3.001 4 hogs..
3.751 3 hogs..
3.50189 hogs. .
3.251 3 hogs..
3.251107 hogs.
2.501 4 hogs. .
3.75195 weth.
3.751 lweth.
5.001 1 buck.
.50
909
883
975
1070
904
1025
835
884
1088
1030
770
595
1020
1260
1510
1350
84
86
61
1056
120
10O
139
185
165
220
165
220
147
197
70
110
70
110
310
195
300
187
100
9.00
8.50
9.25
6.25
8.50
8.25
8.25
7.25
7.25
6.25
8.75
8.75
8.75
8.25
6.25
9.25
8.50
6.25
8 75
8.25
9.25
8.75
9.50
9.00
9.25
8.75
9.25
8.50
9.15
9.85 I
B. 10
4.35
9.25
9.00
7.26
6V00
9.25
9.25
6.15
9.15
6.00
8.50
6.75
8.90
8.25
9.45
10.25
12.00
10.25
5.00
8.00
9.00
8.00
11.50
6.00
6.15
6.00
8.00
8-00
6.00
3.60
0.00
7.50
6.50
8.00
5.01
5 l0
6.50
5.10
6.50
6 00
7.00
7.00
7.00
7.75
8.2 S
4.75
4.00
4.56
4.00
5.00
8.50
4.75
4.00
4.50
4.50
5.00
3.50
8.ti0
4 00
10.00
10.00
5.00
5.50
8.75
8.75
9.00
9.50
9.15
9.15
9.15
9.15
9.15
9.15
$48,000 REMAINING
Only 13 miles
from Portland.
Paved Columbia.
River Highway
runs through it.
Is served by
regular electric
car service.
Bonds personally
guaranteed by the
principal owners
H.E. Campbell,
C. F. Swigert,
G.McGaw
un Dial Ranch
BOND
DATA
First Mortgage Serial Gold Bonds
Dens. $1000, $500, $100
This famous ranch is worth not less than $450,
000 and the major portion is under' cultivation.
It contains 1825 Acres
ranging south to the O.-W. R. & N. main line
from the Columbia river, and west from Trout
dale. It is practicaiiy a Suburb
of Portland, and the PAVED Columbia river
highway goes straight through it for over 2 miles. ,
$20,000 Income Guaranteed
per annum by the principal owners, H. C.
Campbell, Chas. F. Swigert and G. McGaw,
who also personally guarantee payment of prin
cipal and interest
Of this $100,000 issue only
$46,000 remained last night
LimSESRMElNS
Broadway and Oak
Issue $100,000
Dated
December 1, 1922
Due
Serially 1925-32
Semi-Annual
Interest
Callable only
at 103
Price 100
Yield
7
of Agriculture.) Hogs Receipts, 62,000
bead; market 10c higher, later slow;
bulk $8.158.50; bulk 140 to 275-pound
averages, $S.458.S0; top. $8.5 on 170
to 200-pound averages; packing sows
mostly $7.50S; desirable pigs around
$8.50; heavy hogs, $8.308.50; medium,
$8.408.50; light. $8.408.55; light light,
$8.3-5f88.50; packing sows, smooth, $7.70
8.15; packing sows, rough, $7.407.73;
killing pigs, is.ssps.u.
Cattle Receipts, 28,000 head; better
grades beef steers scarce; about steady;
others weak; spots lower; killing quality
very plain; bulk short fed steers of
Quality and condltion-to bring $S.6010;
early top yearling, $11; western grassers
in moderate supply; she stock about
steady; bulls and stockers and feeders
steady to strong; veal-calves steady to
weak; packers blddiing around $9 for de
sirable light vealers; outsiders paying
upward to $10 and above for choice se
lected kind.
Sheep Receipts, 23,000 head; fat
lambs opening slow, around steady; early
top $15.40 to packers; some held above
$15.50; feeder supply very light; one
load 60-pound western feeding lambs,
$14.60; sheep steady to strong; 115
pound fat ewes, $7.25; 138-pound aged
wethers, $8.25; one load 100-pound
clipped aged wethers, $7.
Omaha Livestock Market.
OMAHA, Dec. 13. (U. 8. Department
of Agriculture.) Hogs Receipts, 11,500
head; mostly 6o to 10c higher: bulk
mixed and pocking grades. $7.253; bulk
butcher hogs, $88.20; top, $S.25.
Cattle Receipts, 11,000 head; beet
steens slow; weak to 25c lower; best in
cluded. $9.60; she stock steady to weak;
bulls 15c to 25c lower; veals, stockers
and feeders firm.
Sheep Receipts, 13,000 head; killing
classes generally steady; bulk lambs
$14.5014.70; top, $14.75; fed clipped
lambs, $12.75; wethers. $8.25; ewes, $7
down; feeding teJJlbs 25c to 50c higher;
top $14.25.
San iTancisco Livestock Market.
SAN FRANCISCO, Dec. 11. (Federal
State Livestock Market News Service.)
Cattle Beef steers, good grade, $7.75(9
8; medium grade, $707.50; common
grade. $6 6.75; beef cows, good grade,
$5.75(816; medium- grade, $5.23(05.50;
common grade, $45; csnners and cut
ters, $23.50; bologna bulls, $3 4 50;
calves. 150 to 200 pounds, good and
choice, ,$7.2-57.75; 200 to 250 pounds,
good and choice, $77.25; 250 to 300
pounds, good and c-hoice, $6.757; over
300 pounds, $5.506.50.
Hogs Good and choice grain-fed Cali
fornia 150 to 200 pounds. $10.2510.5O;
200 to 250 pounds, $9.5010; 250 to 300
pounds $8.509; over 300 pounds, $7.50
(98; smooth sows, 250 to 300 pounds,
$0.50 7; rough sows, 250 to 300 pounds,
$5.506; over 300 pounds, $4.605.50.
Sheep t-nd lambs Full wooled lambs,
good end choice grades, $33.50 34; me
dium grade, $12 5013.50; ewes, medium
and good, $5.50 6.50; wethers, medium
and cood. $8.50 30.
COTTON MARKET IS FAHSLY FIRM
Small Changes in Option Prices at Close
of Today.
(By Chicago Tribune Leased Wire.)
NEW YORK. Dec. 11. The cotton
market's tone was fairly firm today. The
list was up 15 to 20 points at the outset
in sympathy . with the better tone of
Liverpool cables, lower private crop esti
nates than expected and the continued
rise of sterling to new high records. In
the second hour there was a, slight re-
cession, but there was no weakness.
Prices continued to move in narrow limits
into the afternoon, but offerings in
creasedSn the later dealings and in the
last hour the decline was noticeable. In
the final period some options riropped
about 2 to 7 pointB under Saturday's
finals but closed at a level unchanged to
6 points net lower.
Local market for spot cotton was quiet,
unchanged, 25.10 for middling upland.
. Southern snot: Galveston, 24.95c, nn-
cnangeo; isew Orleans, 25c, 25 points ad
vance; Savannah. 25c, unchanged; Mem
Phis, 25c, unchanged; Houston. 24.90c,
unchanged; Little Rock, 25c, unchanged.
The range of New York cotton futures,
as reported by Overbeck & Cooke com
pany, of this city:
Montn Open. High. Low.
January 25.06
March 25.30
May 25.20
July 24.90
October 23.44
December 25.05
25.15
25.34
25.30
24.94
23.50
25.08
24.88
25.05
25.00
24.71
23.25
24.86
Close.
24.89
25.06
25.06
24.72
23.25
24.85
Tne Oregonian publishes practi-
cally- all of the -want ads printed i-n
the other three Portland papers, in
addition to thousands of exclusive
advertisements not printed in any
other local paper.
9
Income on U. S. Brazil
Government 5 Bonds
PRICED AT $262.50 PER 100
Union Safe Deposit &
Trust Co.
i 284 Oak Street
Safe Deposit Boxes. $3.50
MORRIS BROTHERS CORPORATION
company of Portland,
Ariz Comm
Adventure
Ahmeek . .
Algomafa .
Ailouez .;.
Arcadian
Bingham
Calumet
Mns
& Hecla...
Davis Daly
Franklin Mng 1
Hancock 2
.. 7
.. 50
. . 57
.. 25
.. 19
.. 2
.. 17
..280
103
85
89
107 107
itt.i lot
93 93
55 55
44 44
1()
lOOli 101
89 101 101 101
32 99 98 9RTi
8 114 114 114
9 132 112 112
14 104 - 303 104
8 110 110 110
10 102 102 102
7 84 84 84
65 61 61 61
12 98 98 98
8 101 101 101
5 87 87 87
1 91 SI 91
3 101 101 101
31
95
74
74
48
89
87
36
31
95
73
74
48
89
11
95
74
74
48
89
87
36
i
36
79
107 107 107
9" 89 89
2V
10 104 104
O 97 87
7
75
113
97
91
91
89
J f
104
96
S3
58
98
63
98
98
77
97
76
113
98
91
91
89
At
5 104
NYC&St L deb 4s.
N Y Ed ref 6s
NYNH&H c 8s 1948.
NY Tel ref 8s 1941.
do senilis ....
83
69
99
63
96
98
78
66 105
97
82
92
104
97
97
76
113
98
91
91
89
87
104
96
83
58
98
63
96
98
77
104 104
97 97
1 87 87
O 110 11(1
li , 73
82
87
110
rs
26 105 105 105
1 94
94
80
59
40
21
3
18
285
2
1
2
100
108
97
3
3
1
2
3
1
6
40
17
28
2
33
21
li)
3
3
eo
39
47
3
26
1
8
35
Standard Oil Stocks.
Furnished by the Overbeck & Cooke
Helvetia
Island Creek ....
do pfd
Keenenaw .......
Kerr Lake
La Salle
Michigan
May Oid Colony.
Mason Valley ...
Nipissing
North Lake
Old Dom Cop
Osceola Mng
OJibway .v.
Quincy Mng
Pond Creek
Isle Royal
South Utah
Superior Cop .-. . .
Trinity Cop ....
Tuolumne
U S Mining
do pfd
Utah Apex
Victoria
Winona
Wolverine .......
Wyandott
75
. . ,108
... 95
... 1
... 3
... 1
... 1
... 2
... 1
... 5
...20
... 16
... 28
... 1
... 82
;.. 20
...20
... 3
... 3
...15-16
... 50
... 38
... 47
2
26
... 1
company of Portland:
Anglo
Borne Scrysmer ....
Bucke.e
Cheesebrough
do pfd
Continental
Crescent
Cumberland ....'..;.
Eureka
Galena com
do Old pfd
do New pfd ......
Illinois Pipet.......
Indiana Pipe ......
National Transit ...
N. Y. Transit
Northern Pipe 101
Ohio Oil 72
International Pete
Penn Mex
Prairie Oil ........
Prairie Pipe
Solar Refg
Southern Pipe ....
South Penn Oil ...
S W Penn Oil ! 69
do Indiana 116
do Kansas .......... .....670
do Kentucky ;.126
do N. Y. 47
do Ohio 270
do pfd 117
Swan & Finch 28
Vacuum .................. .845
Washington 24
S O Nebraska 200
Imperial Oii 114
-1 '
Swift Co. Stocks.
Swift & Co. stocks of Chicago as re
ported by the Overbeck & Cocke com
pany of Portland?
Swift 4 Co 107
Libby. McNeil & Libby 7
National Leather 7
bwitt International 1914
... 19 -
118
88
215
112
148
48
....165
........ 99
58
108
105
163
89
26
....132
21
... 18
...625
...819
.. .368
...104
...365
19
123
' 90
225
315
152
48
370
100 -
6ft
110
-309
3 67
90
27
134
304
75
21
22
630
325
375
106
170
71
117
680
127
47
2S0
119
SO
655
28
205
115
Prices quoted at tha Portland TTnlon
stockyards were as follows:
Cattle Price.
Choice steers ....$ 7.00 7.50
Medium to good steer3 6.50 7.00
i?air ro medium steers .....
Common to fair steers
Choice heifers
Choice cows, heifers
Med. to good cows, heifers.
Fair to med. cows, heifers.
Common cows
Canners
Bulls
Choice feeders
Fair to good feeders
Choice dairy calves'
Prime light calves ".
Medium light calves 7.50 8,00
hoes
Prime light
Smooth heavy, 250(9300 lbs.
Smooth heavy, 300 lbs. up. .
Fat pigs
Feeder pigs
Stags, subject to dockage..
toneeo
East-of-mouniain lambs
Choice valley lambs ...
.Medium valley lambs ..
Common valley Iambs ..
Cull lambs
Light -yearlings
Light wethers
Heavy wethers
Ewes
Chicago Livestock Market.
CHICAGO. Dec. 31. (IT. S. Department
8 75
8 75
8 75
8.75
9-50 rzz:
8.50J ,
9.00 sSl
62 10.00 Jl
140 8.C0 f
160 3.50, 11
O.'li.Gf o.oo II
4.25 5.75 , I
4.50 5.00 I
4.5001 5.00
4.0O9 4.50 1
3.50 4.00 1
2.50 3.50 I
1.511 2,50
3.00 4.25 J
5.00S 5.50 I
4.00(3 5.00 t
8.00 8.50 ; 1
8.00 8.50 t ff
9.00 9.50 IV
S OO 9.00 l SI
7.50 8.001 it Name .
8.50 9.00 I II
8.S0 9.00 ! II
4.50 0.00 0 Address
ff City
i
1
I
FOUNDED 1876
Federal Income
Taxes for
1922
We have available for dis
tribution a brief, popular
review of the new law and
a simple illustrated an
alysis of the changes af
fecting income for 1922.
Write for a copy.
Odd Lots Municipal Bonds
2,000.00 fKing; County, Commercial
Water Way, No. 1 7 1-924
10,500.00 fMills, Wyo., Water 6 1937-52
1,000.00 Paul, Idaho, Waterworks 6 1939
1,600.00 Port Angeles, Wn., Imp. 7. 1923-32
3,000.00 Port Angeles, Wn., Imp. 7 1924-32
3,000.00 Port Angeles, Wn., Imp. 7 1925-32
3,000.00 Port Angeles, Wn., Imp. 7 1926-32
3,000.00 Port Angeles, Wn., Imp. 7 1927-32
2,600.00 Fort Angeles, Wn., Imp. 7 1931-32
400.00 $Seattle, Wn., Imp.. ...... 6 1026-43
1,000.00 JSeattle, Wn., Imp 6 1923
2,000.00 JSeattle, Wn., Imp 6 1924
1,400.00 Seattle, Wn., Imp 6 1924
3,000.00 JSeattle, Wn., Imp 6 1925
3,000.00 JSeattle, Wn., Imp 6 1926
All Guar, by Revolving Fund.
1,400.00 JShelby, Mont, Sidewalk 6 1924-28
800.00 JShelby, - Mont, Sidewalk 6 1926-28
149.67 Vancouver, Wn., Imp.... 7 '1023-34
400.00 Vancouver, Wn., Imp.... 7 " 1924-34
400.00 Vancouver, Wn., Imp.... 7 1925-34
400.00 Vancouver, Wn., Imp.. . . 7 1926-34
400.00 Vancouver, Wn., Imp.... 7 1927-34
400.00 Vancouvef, Wn., Imp.... 7' 1928-34
400.00 Vancouver, Wn., Imp.... 7 1929-34
400.00 Vancouver, Wn, Imp.... 7 1930-34
. 400.00, Vancouver, Wn, Imp.... 7 1931--34
400.00 Vancouver, Wn, Imp.... 7 - 1932-34
8,000.00 Warrenton, Oregon 6 1938
4,000.00 fWashougal, Wn, Street. . 6 1928-29
500.00 fWenatchee, Wn, Imp.... 6 1931-34
101.39
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
99.01
97.34
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.63
6.25
6.00
6.00
7.00
7.00 ,
7.00
7.00
7.00
7.00
6.00
6.00
6.00
6.00
6.00
6.00
7.00
7.00
7.00
7.00
7.00
7.00
7.00
7.00
7.00
7.00
70
7.00
6.00
6.00
6.25
. . 3O.5OW12.0O
. . 10. 50 3 2. 00
.. 0.50810.50
. . S.50 9.50
to 8.50
9.00 9.50
7.50 8.50
7.00J8 7.50
2 AO 6.00
EJLROLLLNS & SONS
jmatmatt 'Bonds
Odd Lots Canadian Municipal Bonds.
5,000.00 Edmonton ; ........ 5 1929 97.73 5.90
1,000.00 Prince George, B. C 6 - 1929 100.00 6.00
1,000.00 Prince George, B. C 6 - 1030 100.00 6.00
1,500.00 fSaskatoon, S. D, No. 13. 6 1950 100.00 6.00
Denotes f000 denomination. j-Denotes $500. Denotes $200.
Denotes $100. UDenotes fractional bonds.
Telephone or Telegraph Orders at Our Expense
MORRIS BROTHERS CORPORfflON
Government and Municipal Bonds
MORRIS BUILDING PortlDTIf. (rOffrTl 309" STARK ST
BROADWAY 2151 Ai UdlLU.VJl UgUll SAFE DEPOSIT BOXES
lofOJisOOjilJ
The Ideal
Investment
PROFESSIONAL people par
ticularly doctors, dentists, '
lawyers have long reeog-'.-'
nized the Mortgage Certificates
issued by the Portland Trust
Company .of Oregon as an in
vestment representing better
than - the average return; no
worries or troubles and a con
venient form of security to own.
We issue them In varying
amounts and maturities.
Portland Trust
Company ?f Oregon
SIXTH AND MORRISON
Affiliated vfih - " ,
e ftorthttestisrh Naikmi Batif
Boston New York Chicago
San Francisco Los Angeles
411 LEWIS BUILDING
Broadway 7870
PORTLAND
HAITI
30 Yr. Bond
6 Coupon
Offered at price
to yield about
6.25
to maturity
Direct obligation of the
Republic of Haiti issued
pursuant to an ajerree
ment with the President
of The United States.
Circular on request
The National City
Company
Offices in more than 50 cities.
Yeon liidg., Portland.
Telephone 6972 Main.
.A Good Investment
A First K
Mortgage
Total bonded
debt less
than 30 of
the value of
the security
Ample income
for all
mortgage
requirements
Combmes;.
ease, certainty and regularity
of interest collection; con
venient denomination and
maturities and a good rate
of interest. , '
The bonds of the Jordan
Valley Cattle Co. combine
these qualities to an unusual
degree.
Price Par to Yield 72
Call, write or phone Main 4195 for further
information. .
G-E-MILLERJtCOMPANY
Portland 'i-Ni?i'bALjjlir.oRPCRAftS!TgaCT Francisco
Seattle verhM LB Angeles
2d Fir. N. W. Bank BIdg PORTLAND Phone Main 4193
K