2L
THE SUNDAY OREGONIAN, PORTLAND, APRIL 9, 1922
VORNU
S
TOO!
OlD
RIUNGUU.Y
State Declared Only Touched
by Hard Times.
POLITICS ARE HUMMING
Strong Effort to Be Made to Beat
Senator Johnson in Election
This .November.
BT EDWARD O. LOWBT.
CCopyriRht by the Public Ledger Company
Published by Arrangement.)
SAK FRANCISCO. April 7. Special.
Ban Francisco is clearly out of the hard -tlmea
area. Just aa this etata was begin
ning to hear about falling prices and
Blackening demand tha general recovery
. In business conditions came- along and
. saved these people from going through
tie experience of all their neighbors to
the eastward.
It ha been singular and curious to note
bow the depression or bad times, starting
an the east, advanced westward . like a
Breat wave. The Atlantic seaboard felt
the decline before the Mississippi valley,
the Mississippi vallay before, the mid-western
and mountain states. The period of
recovery has followed the same course.
The eastern states felt it first and then,
progressively, the central -west, the west
. nL the mountain states. Iowa, we found,
was a month or more further- along the
upgrade than' Arizona and New Mexico.
Californian Depression Slight.
Here in California there was a slight
temporary depression, but this state is so
large, its products are so diversified. It
has so many natural resources of every
aort and description that it is in an en
tirely different position from a state that
. depends on any one great staple, such as
cotton or corn or copper. It produces
minerals; It raises livestock; it has great
agricultural resources, not only staples but
garden truck, fruits, nuts, prunes and
raisins. Indeed. California is not a state
In the ordinary acceptance of the term; it
is virtually a . self-sustaining common
wealth or empire, and just now It can lay
claim with good reason to being one of
the soundest states, economically, in the
whole union.
. The itinerant observer acutely Is con
acioua of the new situation and the new
conditions as soon as he comes through
the. mountain barrier that separates Cali
fornia from the more arid and less fertile
states immediately to the eastward. The
population is Increasing here at a greater
rate and the volume of business is Increas
ing. There is a system of marketing agri
cultural products of various sorts through
co-operative associations that is being
copied by other states.
Banks Feel Depression.
This state is affected, however, by the
conditions in adjoining territories. Cali
fornia banks largely finance stockraising
and agriculture In Arizona, Nevada, and
Idaho. There are large interests in Cali
fornia that are depressed to a degree when
these states are depressed, and are pros
perous when these states are prosperous.
So that it comes about when there is no
condition in California to cause apprehen
sion, banking and business interests may
be concerned about the situation in which
Arizona cattle and cotton people find
themselves, or about the farmers and
stockraisers In Idaho.
' This situation exists here now. It is
not a California condition, but it affects
the people In California who do business
on the other side of the mountains. What
ever strain existed four or five months ago
with respect to Arizona, New Mexico and
the southwest has been relieved areativ.
That situation Is in hand and is on tha
road to recovery, unless there should be
setback or unusually adverse weather
condition. The Nevada, Utah and Idaho
conditions one has yet to examine. One
encounters here ths first Intimation of an
Interest in the present economio situation
mt those states
Politics Is Interesting.
Politically, California will be highly In
teresting this summer. This is the only
state west of the Mississippi, with one
exception, where the people are removed
sufficiently from their recent economic
stress to take an interest in politics and
publio questions. The one exception is
Wyoming, where there is a keen and grow
ing interest in the coming contest between
Representative Mondell and. Senator Ken
crick for the United States senate. Ken
orick seeks to succeed himself and Mon
dell seeks to move over from the house
leadership to the senate chamber.
Here in California there wiM be an even
more interesting contest for the senats.
Senator Johnson comes up for re-election,
and the present effort - of those who are
against him is to find an opponent. An
unsuccessful effort was made to enlist' Sec
retary Hoover while he was out here. Mr.
Hoover declined. Now Chester Rowell, a
long-time friend, and lieutenant of John
son, is one of half a dozen being talked
about. It la too early yet to say who will
be selected. There is clearly in the state
a strong sentiment in favor of the four-
power treaty, wnich. Senator Johnson so
warmly opposed.
Campaign Plans Laid.
Anjeffort will be mads to crystallize this
sentiment and use it against Johnson, but
he would be a rash person who would say
at this juncture that the- effort would be
successful. Johnson has a powerful hold
on h-is state. He has done a great deal
for it. Jle made an admirable record as
governor. He has strong friends all
through the state. He has never lost a
political contest in California and, -while
many of his friends out her were in favor
t the four-power treaty, they would not
vote. against Johnson simply because he
opposed it. He will be a hard man to
beat, and everybody here knows it. Every
probability is in his favor.
California has become the front door of
the United States in the sense of inter
national politics. As a world power we
now face toward the' west. All of our in
ternational concerns and problems are in
the Pacific. This coast is our frontier, as
our Atlantic coast was our frontier 100
years ago.
Situation Is Important.
Because of its resources, condition, situ
ation and attitude of mind ths whole Cali
fornia condition will become Increasingly
Important to all of us. Public opinion out
here, public Interest in national affairs
the whole relationship between California
and the countries it fronts, will have to be
taken into consideration more closely here
after than ever before.
It is only necessary to report at this
juncaure vnat iiamornia Is as sound as a
nut, economically, financially and indus
trially; that because of her favored condi
tion un nas naa 10 endure little of the
pinch that the rest of the country has
that the state as such is confident
, aggressive and unafraid.
B O gold 4s ..1949
do con 4s cv. .1133
do ret 5s 1H95
Can So Ss 1RK3
Canadian No 64 46
do 7s 1940
Cent Pac 1st 4s 149
Chgo N West 6Hs J3
Ches & Ohio cv. 4is 1B30
do gen 4&S 12
do cv 5s 394H
do con ba li3ft
C B ft Q 111 dlv. 4s, 1949
C & West Ind 4s ,...lf2
C O & W 4s ir
C M & St P 4s 1SI23
do cv -Hia 1982
dq deb 4s .....1934
da gn 4s A ...1899
do cv Ss 2014
do g&r 4s A. 2014
Chgo N W sf Ds 1929
do gen 4s 198T
do NW 7s 1930
CRI&P ret. 4s ... 1934
Colo Sou rf ex 4tts 1935
do 4s .- 1929
Del & Hudson cv Ss.... 1935
do 7s 1930
DiRO cv 4s 1938
do ref Bs 1955
Erie PI. 4s 199S
do con 4s A. J:3
do B 1953
do D 1953
do Pa CO 4s 1951
Gd Trunk eq 614s 1936
do eq 7s 1935
do ref 5s 1942
Cerro de Pasco 8s 1931
Chile conv Bs A 1932
Chile conv 7s
Col Graph 8s 1925
Copper Exp Ss 1923
do 1924
do 1925
ColoSF A I gen 0s 194.1
Colo lnd us . .. 1PS4
Corn Prod ref 5s 1931
Cuban Amn Sug 8s .........3931
Cuban Cane cv 7s .......1930
Distillers Pec cv 5s 1927
Diamond Match 7fts ......... 1 s:'.o
Dupont 7i 1931
Empire Gas Fuel 6s 1924
Fisk 8s 1941
Gen Kleo deb 6s 19:2
do 6s 1940
Goodrich 7s 1925
Goodyear 8s 1941
Heinz 7s 1930
Hershey 7Ka 1930
III Steel deb 4. Ha 1940
Ind Steel 5a 1952
Int Agr 5s 1932
Int Marine O T 6s 1941
Kelly-Springfield 8s 1931
Kennecott 7s ................ .1930
Lack Steel 5s . . . 1923
do 1st 5s 1950
Libby McNeil & Libby 7s 1931
Lag & Meyers 5s 1951
do 7s 1944
Lorillard 5s 1951
do 7s 1944
Mldvale 5s 193S
Morris & Co 7Hs 1930
Proc & Gamble 7s ...1923
Republic I & S 5s 1940
bears Roe 7s 1922
do 1923
steel & Tube 7a 1951
Swift & Co 7s 1925
do 7s 1931
Uni Drug 8s ,...1941
U S Rub 1st ref 5s 1947
do 74s 1930
V S Steal sf 5s 1963
Va Chem 5s ' 1923
Var Car Chem 74t 1932
West Blec 5s .....1923
West U T col Tr Ss 1938
West Union 6Vs 1933
Wilson 1st 6s 1941
do cv 6s 1928
West Elec 7s 1925
Westinghouse 7s 1931
Public Utilities
Amn I.t & Tran 6s 1925
Amn Tel coll 4s 1929
do 5s ,.1946
do 6s 1925
Rell Tel of Pa 7s 1945
B R T 5s 1945
Cal Gas uni 6s...' 1937
Cities Service 7s B 1966
do C 1968
do D
Con Gas cv 7s....
Int Met 44s
Int R T ref 5s
Laclede Gas 7s.
Mont Power 5s A...
Northwest Tel 7s..
Pao Tel 5s
Pac Gas 5s.
Souwest Tel 7s
Oil bonds
Anglo Amn 7s....
Atlantic Ref 6s..
Galena S Oil 7s
Gulf OH 7s
Humble 7s
Pan Amn 7s
Mex Pet cv 8s
Sinclair 7Ha
S O Cal 7s
S O N T 7s
Texas Co 7s
Tidewater Oil 6s .
Vacuum Oil 7s
Foreign Government Bonds
Argentine 2d 7s
do GI 5s
Belgium 8s '
Bergen 8s
.1968
..1925
.1958
.1966
.1930
.1943
.1941
.1937
.1942
.1925
..1925
..1931
..1930
. .1933
..1923
..1930
. .1938
..1925
..1931
. .1931
..1923
. .1931
. ..1936
79
81
85
96
99 Vi
no-?,
84
107 '.4
Sfli,;
84 T4
0!4
99
' 8814
7514
63'
15 ;
1V
76
68
62
8i ;
84 4
106 '4
79
87
9214
9414
108
78
4614
64
48
48
49
87
10514
102
9414
11014
88
102
401
10211,
102
103 '4
8514
85
76
104
86
46
- 10714
105
04
105
99
10614
$
1151i
104 H
101
91 .
10014
76
96
106
103 H
9914
8414
100
95 -
11414
-951
114
86
104
101
94
10014
100
97
10114
102
106
8814
105
102
"98
- 95
5
97
10S
9614
89
108
10614
105
90
9S
11414
10714
68
94
120
90
86
10914
1814
64 V,
98
94 94
107
94
89
102
RECORD WEEK. IN BONDS
LIBERTY ISSUES SEI.Ij
- RECORD QUOTATIONS.
AT
.1923
.1945
.1940
.1945
103
10414
101
103
101
97
103
103
10614
108
101
101
106
100
8314
107
108 14
11214
109
92
112
87
9414
4b
100V4
5614
63
7314
112
Enormous Dealings in New York
1
' Market Entire Group May
. Reach -Par.
NEW YORK. April 8. Ths feature of
record, week in the bond market was th
liberty group, a majority of that series
mounting to highest quotations sines the
tlmA of tnelr Issue on enormous dealings.
The strength of these bonds bears out
predictions recently attributed to treasury
officials that practically aa tne war nm
tions of the federal government soon would
rr.ali nnr. Todav's new maximum for
those bonds included, the second 4s and the
second and fourth 4s.
Tn tTi fni-eie-n Hot ail the United King
dom group Improved' on the strength of
British exchange, ths demand rate for
Rterlinar her rlsinff to its best In almost
six weeks. Ths new CzechoSlvaKlan Dona
gained another point, and Mexican govern
ment 4s and 5s were in renewed request.
Of the Latin-American Issues the out
standing- feature was Havana Electric
TArrh-t A- Power 5a saining three points.
Many domestic rails extended previous
gains of -the week, today's strong issue
being Southern Railway 6 14 s. which, rose
one ponit. .
Bond sales (par value) approximated
ill.60A.00O.
Week-end operations on ths stock ex
change closed very much as they began
in a whirl of speculative enmusiasm ana
with many now high records ior mo sua
tained movement.
Earlv dealings were lrresrular In view
of further realizing sales. ' These effected
reversals of one to four points among
Studeb&ker and Chandler motors. General
Electrio. Baldwin Locomotive, Mexican
p.trniftimi nd Electrio Storage Battery.
Prices soon rallied, however, on renewed
buying of independent steels, under lead
of Gulf States, yesterday's sensational per
former, as well as Betnienem, jniavaie,
TLeTMihlln and Slass-Shef field.
Local utilities also strengthened their
position " on the outcome of the Inter
hnramrh RaDtd Transit situation, and ad
ditional accumulation of rails proceeded,
mainh In Reading. Baltimore Ohio, Mis
souri Pacific common and preferred and
other low-grade issues.
. Shorts experienced another uncomfort
able tims in their efforts to depress the
oils, that division resisting pressure and
adding substantially to the many net
gains at the very active finish.
, Sales amounted to 85,000 shares a rec
ord for n n v two-hour session since 1919.
Excepting German marks, which eased
a trifle, all the foreign exchanges displayed
strong tone. Sterling's rise to $4.41 for
demand bills represented the highest quo
tation for-that remittance since the early
part of last March. Allied and Scandina
vian bills gained two to 12 points and
the Montreal discount here continued to
ease.
Despite the extraordinary activity In ths
stock market and ths resultant demana
for funds, clearing-house loans and dis
counts showed an actual decrease of
sllshtly more than 18,000,000. and a mod
erate gain in cash increased actual excess
reserves to about $14,680,000,
CLOSING STOCK QUOTATIONS.
Furnished by tha Overbeck & Cooke
company of Portland:
Berne 8s 1945
Christiana 8s ..1945
Copenhagen 514s 1944
Danish Consol 8s 1946
French Cities 6s ,.,.1934
Italy 614s A 1925
Rus Ruble 614s ...1926
Swedish Govt 6s 1939
U S Mex 4s 1954
do ext 6s . . . ; 1945
Uruguay ext 6s ...
Zurich 8s 1945
Foreign Government City Bonds
Berlin 4s
Greater Berlin 4s
Hamburg 4s ..
Bremen 4s ...
Cologne 4s
Dresden 4s
do 414s
Dusseldorf 4s
Frankfort 4s , ...
Leipzig 4s
do 414s
Munich 4s .,
Stuttgart 4s
Essen 4s ..1....... ...
Bremen 4s ...
Hambur 414s
French Internal 4s 1917
French Victory 5s 1920
Belgian Restoration 5s
British 214 consols ...
Ital Cons War Loan 5y....... ... 4214
u 1 u dvqu:
8
3
3
8
3
'814
814
4
4
414
4
4
3
4
8
8
59
7214
76
5114
1
Allied Packers 6s . .
It Am Tel & Tel 6s . .
do 6s
Anaconda Copper 6s
do 7s
Anglo-Am Oil 714s
Beth Steel 7s
Copper Ex Assn Ss
do 8s
Galena Signal Oil 7s ......
Grand Trunk 614s
Gulf Oil Co 7s
Humble Oil 7s
Inter Rapid Tran 7s
Libby McNeil & Libby 7a...
Sears Roe 7s 3-year
So West Tel 7s . ..
Standard Oil N T 61js
do 7s
Swift & Co 7s
do
.1922
.1924
..1935
..1924
. .1925
7114
160
101
99
103
IO314
102
103
104
10114
105 j Coco Cola....
..1923
Texas Co
. .1933
..1926
. . 1925
..1931
10314
103
87
9914
100
102
105
105
10114
102
Vacuum Oil 7s
lit No 414s
do 7s
Gt Trunks 6a
do 7s
Ill Cent jt 5s .
do ref : 4a
K C Sou ref 5s
Keo & Des M 1st 6s. ..
LS&MS 4s
L&N
notes............. ... 10114
.1961
.1936
.1936
.1940
.1963
.1955
.1950
.1923
.1931
. 1 930
do uni 4s 1940
felt
lively
w York Bonds.
Furnished by Herrin & Rhodes.
Portland. -
Railroad Bonds
Atch gen 4s .......1995
A C L 4s .1952 '
7 1 930
Inc.,
87
88
106'.
WE PAY NET
f. o. b. Portland
for arrivals Monday, April 10th.
Fancy Veal, 85-115 lb.......l3,i
Fancy Block Hogs, 110-150 Ib14Kz
Heavy Hens, 4 lb. and up 25
Light Hens, 3 lb and under. . . .210
The market paid for sheep and lambs.
We remit daily. Our weekly market
letter free for the asking. Write for
tags.
v BLUE VALLEY PRODUCE CO, '
Fourth and Glisan Streets,
Portland, Or.
ARE YOTJ LOOKING FOR A DE.
FUNDABLE PRODUCE: DEALER?
Veal Batter
Pork C'taees
Poultry Bcga
- Honey Any Prodnct
Ask for latest methods used ta
prepare shipments for higher prices.
RIBV Jt CO,
169 Front St, Portland. Or.
M tt r & s s M 614s m
M Jv & I 4s .1990
Mo Pacific gren 4s... 1975
do ref 5s 1923
do ref 6s 1926
New York Central deb 4s 1934
do con 4m 3998
do. ref Imp 4 14s. 2013
do cv deb 6s 1935
do coll 7s ..I9.iii
N Y N H & H cv 6s.. 1948
No Tex & Mex 6s 1935
N P PI 4s 1997
Nor Pacific 6s. .22047
N P Gt Nor jt 614s 1038
O S L ref 4s ....1929
Pennsylvania 614s 1936
do "ffpn 414s 1965
do 4"4s 1980
do gen 6s 9ti8
do 7s 1030
Pennsylvania R R 614s 1936
Reading gen 4s 1997
SAL 4s 1950
do 6s 1949
do 6s A ; 1945
Sou Railway con 5s 1994
Sou Pacific cv 4s. 7v 199
do ref 4s 1955
Sou Pacific short-term 4s...... 1950
do conv 5s .....1934
St L & S F PL 4s A... 1950
do Ben 6s. . 1931
do PL 5s B... 1950
do gen 6s , I93t
do adj 6s. ......... ..' ...... 1955
do Inc 6s , 19H0
St L & S W 1st 6s 1952
do con 4s. .................. 1932
do 1st 4s ".1989
Texas Pacific 1st 6s ...2000
Union Pacific 1st 4s 1947
108
107
101
110
P4
86 14
87
- 85
91
108
91
101
77
6314
99
95
8714
81
8514
10214
107 .
72
6714
85
106
105
90
107
8814
9414
98
107
107
84
59
24
6614
94
- 90
- 87
81 H
97
71
97
85
102 '
79
67
79
74
77
93
91
93
85
103
97
88
86
7114
102
90
Stock.
Adv Rum
do pfd
AgT Chem . -.
do Pfd
AJax Rubber.
Alaska Gold.
Alaska Jun..
Allied Chem..
Allls-Chalm ..
do pfd
Am. Beet Sag.
Am Bosch . . .
Am Can Co . .
do pfd
Am Car & Fd.
do pfd
Am Cot Oil ..
do pfd
Am , Drug Syn
Am Hyde & L
do pfd
Am Ice
Am Intl Corp
Am Linseed...
do pfd
Am Loco ....
do pfd. .....
Am Saf Razor
Am S & C
Am Smelter .
do pfd. . . .
Am Snuff ....
Am Steel Fdy
Am Sugar ....
do pfd
Am Sumatra .
Am T & T ...
Am Tobacco ..
do "B" ...
Am Wool ....
do pfd
Am W P pfd..
Am Zinc
Anaconda ....
Assd Oil
Atchison
do pfd '.
Atl G & W I..
Baldwin Loco.
Baldwin pfd..
Balto & Ohio.
do -pfd
Beth Steel "B"
Booth Fish . .
B R T . .
Butte C & Z..
Butte & Sup. .
Burns Bros.
Caddo Oil
Calif Packing.
Calif Pet
Canadian Pac.
Cen Leather..
Cerre de Pas.
Chand Motor.
Chicago & NW
Chi Gt W
do pfd
Chili Copper..
Chlno . .
C, M & St P..
do pfd. . .
Sales. High.
100 89
2-,i66 'HM
3.500
200
1.200
100
300
68
48
41 41-
Low.
"39"?
'16'
67
. 48
47
103
155
600 25
1,900
80 O
6
15
47
T0314
155
6
15
700
1,800
1,400
lOS
45
36
107
45
35
1,900 112 111
3.400
600
2,500
300 .
3,666
200
200
l'aoo
700
200
1,700
400
1,500
8
14
67
97
"38
72,
98
121
140
137
89
105
34
8
14
66
97
'88'"
72
9814
121'
139
136
88
105
32
3,100 - 52 52
C & O.
Colo F & I. . .
Colo Southern.
Col Gas & Ble
Colum Graph..
'2,600
100
6,000
7,600
200
15,600
300
13,600
250
10,500
200
200
200
800
' 600
500
6,500
500
4-00
6.600
3.100
300
1.000
3,100
. 800
1,600
4,800
900
2,100
2,700
500
600
S.600
Con Gas 3.400
600
tla cv 4s 1927
do ref 4s '. ....2008
Union Tank 7s. .............. .1930
Wabash 1st 5s ......1939
do 2d 5s 1939
Western-Pacific 5s 1946
Industrials
Allied Packers 6s ........... .1939
Am Agr Ch 7s ..1941
Am Sm 1st 5s 1947
Am Tob 7s 1923
Anaconda 6s A .. 1929
do 7s B .1929
Armour cv 7s 1930
do 4s 1039
Beaver Board 8s 1.......1933
Beth Steel 7a .....192J
Increase In Surplus Reserves.
NEW YORK, April 8. The actual con
dition of ths clearing house banks and
trust companies for the week shows that
they hold 14,661,950 in excess of legal
requirements. This is aa increase eX
f 1,352,890 from last week. v
3.800
8.700
700
100
15,600
300
5.700
1,700
1.200
1,800
200
1.400
4,100
700
7.600
7,400
500
13,600
200
3,100
300
"466
14,700
6.666
200
'266
1.R00
4.200
40O
i.ioo .
8.500
1.000
- 300
600
Contl Can
Cit Svc Banks
Corn Prod. . . .
do pfd
Cosden Oil. .. .
C,RIsP...
do "A" pfd.
do "B" pfd.
Crucible
do pfd ..
Cuba Cane. . . .
do pfd
Cuban Am Sug
Del &. Hudson
Dome Mines. .
Del & Lack.. .
Dav Chem...
End! .Johnson.
Erie ..........
do 1st pfd . .
Blec Stor Bty.
Famous Plyrs.
Fed M & S. . .
do pfd ......
Fisk Tire
Gaston Wms. .
Gen Clears. . . .
Gen Electric.
Gen Motor....
Glen Alden... .
Gen Asnjaalt..
Goodrich
Goodyear .....
Granby '
Gt Nor Ore . . .
Gt Nor pfd. ..
Greene Can...
Gulf S Steel..
Houston Oil...
Hupp Motor..
Ills Central. . -Inspiration
. ...
Int A Cor com
do pfd...'
Interboro 14,900
do pfd. . . t . . 15.000
Inter Callahan 1,800
Int Harvester.
do pfd ......
Int Merc Mar.
do pfd.
Int Nickel.....
Int Paper
do pfd
Invincible Oil.
Island Oil.... 3,400
Jewel Tea....
K C Southern.
K C S pfd....
KeJIy-Sprins. .
Kennecott ..
Keystone Tire
Lack Steel. . .
Lee Tire
Lehigh Valley
Lorillard ...
Lowe Theaters
L & N
Trln.ni1 Oil..
102 J M'rtln & Per"y
x . JViay oiores...
Mexican Pet.
Miami
Mid States Oil
Mid vale Steel.
M K T Wi.
do pfd
Mont Power, .
Montg Ward.
Mo. Pacific... 11.500
do pfd .... 12,600
M St P. S S M
Nor Amn. . . . .
Nat'l Biscuit.
Nat'l Iknamel.
99
89
34
115
108
45
60 .
78
7
24
6
26
127
13
77
54
140
38
1 36
78
73
8
20
17
28
25
41 -
48
65
32
48
83
3
110
61
98
89
33
113
108
43
60
7614
7
"6
'28 .
127
13
77
54
139
37
35
76
72
7
19
17
27
. 24
40
48
65
31
46
83
3
109
61
3,200 103 103
37
44
95
80
65
88
15
85
22
122
25
116
65
84
13
22
165
S3
46' '
17
161
13
68
40
40
74.
29
84
m
106
40
36
43
94
-80
63
87
15
34
22
119
25
115
, 63
84
1 2
20
165
81
39
16
hi
16l"
12
65 '
89
26" "
40
73
28
80
79
17
106
40
5
12
400 95
3,000
80O
2,100
400
18
76
17
48,.
8.100 19
103
112
88
67
102
8,900
300
1.100
2.100
2.700
8.600
200 .
7,100
hi 660
400
3,900
800
100
22.000
1.9O0
8.200
19,60.0
3.100
600
700
l.sno
800
200
100
28
66
46
30
18
64
S3
64
'ir.
116
28
28
117
133
29
13
35
14
35
67
19
24
58
67"
13514
8T-.
4
11
6
96
17
76
- 165
47-a
18'
2714
56
48
29
17
53
33
63
"i4
116 .
28
27
117
130
2S
13
84
13
35
67
19
23
55
66
135
37
Bid
17
4
S9
65
16
67
48
92
41
4'5
47
103
155
117
25
54
6
15
69
107
45
35
57
111
115
' 8
14
67
98
128
38
72
98
33
121
139
235
88
105
33
15
52
111
98
89
33
114
108
44
60
78
6
24
6
26
127
18
77
54
140
87
35
76
78
8
19
17
27
24
40
48
65
82
46
83
3
1U9
61
2t
103
113
36
44
04
80
63
87
15
85
22
122
25
115
63
8:
13
165
82 H
11
39
16
72
160
12
. 44
65
39
12
26
40
74
28
80
80
17
106
40
in
AO
4
11
6
95
108
18
- 76
17
47
75
- 18
19
27
56
46
29
17
54
82
'04
149
1 J t
116
28
.27
117
132
29
13
85
13
85
67
19
24
' 57
62
68
135
8654 1
Nat'l Lead... .... 90
Nevada Con.. 300 15 15 15
New Haven.. 2,800 21 20 21
Norfolk & W. 900 106 105 105
Nor Pacific. S,3"0 , 77 76 77
N Y Air Brake 800 71 69 71
N S Steel ... 300 29 28 28
N Y Central.. 2.500 ,88 88- S8
Okla Prod ref 1,500 2 2 2
Ontario-.Silver. 7
Ontario & W. 2,400 28 27 28
Otis Stel 8,800 14 '13 14
Pacific Dev. . . . ' .... . . . . ' 8
Pacific U & E 200 68 68 68
Pacific Oil... 2,500 54 53 63
Panta Allegre 100 40 40 40
Pan Am Pet. 11,900 63 61 6-
do "B" ... 2.100 66 64 56
-Penna 3.300 42 42 42
Peoples Gas. . 700 83 82 83
Pere Marqu... 2.100 29" 29 29
Pure Oil 32 St 81
Phillips Pete. 1,500 36 80 86
Pierce Arrow. 1,100 20 19 19
Pierce Oil 2,000 9 9 9
Pitts Coal 60
Pitts & W Va 2,700 81 - 81 . 31
do pfd 81
Pressed St Car 2O0 76 76 76
Pullman 200 123 123 .123
Ray Cons..... 200 ir.' 15 15
Reading 9,700 79 78 74
Remington 400 35 34 84
Replofle Steel 3.500 85 33 84
Republic I & S 8,900 56 .. 54 55
do pfd 100 80 70, 79
Rep Motors.. 7
Royal Dutch. 6,200 60 60 60
Ry Steel Spg. 200 99 99 99
Saxon Motors. 400 4 4 ' 4
Sears "Roebuck 2,700 76 76 78
Shattuek, Aria .... 8
Shell T & T. 400 44 44 44
Sinclair 6,100 25 25 25
ft O lnd 88
S O N J 500 175 173 172
SIoss Shef 2.700 45 43 45
Sou Pacific. 9.500 90 88 89
Sou Ry 4,400 24 23 24
Stand Oil Cal. 1,400 96 95 95
St. X.4 6 P... 3.500 30 30 30
Stromb Carb. 2.300 61 50 60
Studebaker .. 13,900 117 115 116
Swift & Co 102 102 102
Ten C & Chem 1.600 11 11 11
Texas Oil.... 2.600 44 44 44
Texas Pac ... 6.100 35 34 85
Tex P C A O. 4,200 29 27 27
Tob Products. 400 64 63 53
Tran Con Oil. 4,400 9T4 9 9
Union Oil Del 800 19 18 18
Union Pac 8,100 137 136 137
United Alloy.' 50O 31 81 31
United Drug.. 700 71 70 70
Utd Food Pro. 1,000 5 6 5
Utd Fruit 100 146 146 146
Union B & P. 800 61 61 61
USCS Pipe. 1,200 87 86 -86
Utd Rtl Stores 40O 48 47 48
U S Ind Alco. 700 47 46 46
U S Rub 400 63 63 63
do 1st. pfd.. 800 105 105 104
U S Smejtlng. 600 38 37 37
U S Steell 14.200 98 97 ' 97
do pfd 600 117 117 117
Utah Copper. 1,000 65 64 65
Va Chem ' 100 34 84 34
do pfd 200 77 77 76
Vanad Steel.. 8,100 44 43 44
Vlvandou 300 11 11 10
Wabash 600 9 9 9
do A pfd.... 8,000 31 81. St
do B pfd 20
Wells Fargo ..... , 78
Western Pac. 400 19 19 19
do pfd 400 : 66 65 66
Western Union 98
Westing A B 89
do Et &. M. . 6.000 ' 62 61 62
West Md J. 1.00O 10 10 10
White Motors 800 43 43 42
Willys-Ovid .. 2,800 8 8 8
do pfd 100 40 40 89
Wilson Packg 200 41 41 41
Wis Central " 29
Woolworth .. 100 161 161 16114
Worth Pump. 700 53 53 62
W & L, E 600 9 9 9
White Oil. ... 800 10 9 9
uMTEMflLn il)S HDS
PROJECTS BEGUN DESPITE
FINANCIAL HANDICAPS.
Slrort Stretch of Railroad Will Give
Ijos Altos Direct. Connection
With Pacific Ports.
(Copyright by th Public Ledger Company.
Published bv Arrangement.)
GUATEMALA CITY, April 8. (Special.)
1 Additional lines of communication jjn
various parts of Guatemala are considered
by the interior department as the key In
the reconstruction and development upon
which President Orellana has embarked.
Because of financial conditions It is con
sidered impracticable even to attempt
the elaborate campaign of railroad con
struction which will be undertaken as
soon as th country is on its feet, but
meanwhile a programme of highway con
struction, river transportation alid a short
piece of railroad building: has been begun
by the department of fomento under Min
ister Lie. Alberto Mencos.
Minister Mencos has mimed nine Guate
mala engineers to construct the short
stretch of railroad from San Felipe to
Quezaltenango, which will give Los Altos
direct railroad connection with the Pacific
ports and with the capital. San Felipe is
at an elevation of approximately 1000 feet
above sea level, while Quezaltenango, cap
ital of the district of the same name, is
about 9000 feet above sea level, and the
distance between the two is only 60 miles.
The need for this road has been recog
nized by all political parties of the coun
try, but It had never been attempted until
President Orellana took office. The sec
tion to be benefited will pay for the build
ing of the road by a high tax on liquor
end yielding an annual income of 15,oou,
000 pesos which is now in operation. With
the road complete, highways will connect
with other important centers and will per
mit tha ; shipment of produce from this
section, one of the granaries of the repub
lic and rich in timber and minerals, by
rail instead of by oxcarts and muleback.
In connection with the building of this
railroad an extensive hydro-electric plant
is to be installed, utilizing the waters of
the Salama river, which descend in a
short distance 10,000 feet. This power
plant will light all important cities and
the railroad will be electrified. The pres
ent, programme looks to repairing old
hierhwavs. the building of some new roads
in level ' country and-the establishment of
gasoline launch service on two of tne
navigable rivers. These highways will
connect with Salvador on the south.
Liberty Bond Quotations.
Liberty bond and victory note Quota
tions, furnished by the Overbeck & Cooke
company, Portlana :
Liberty, Sa . . ,
do 1st 4a
do 2d 4
do 1st 4s. . .
do 2d 4s
do fid 49
do 4th 48..
Victory, 4s...
do 3s
Open.
D9.24
High.
99.30
. 09.53 09.58
. 99.23 99.44
. 99.59 99.56
. 99.50 9.ti0
.100.90 100.92 100.90 100.90
100.02
Closing
Low. Bid.
99.24 99.24
..... 9.30
90JO
09.40
9.28
99.50
99.44
Foreign Exchange.
Foreign exchange rates at the close of
business yesterday, furnished by North
western National bank of Portland. Tne
amount quoted is' the equivalent of the
foreign unit in United States funds:
Country Unit. rcai.
Austria, kronen .0025
Belgium, francs .woo
Bulgaria, leva , .0080
Czecho-SIovakia. ' kronen .0202
Denmark, kroner " .s. .2132
Knglnad, pound sterling 4.4125
Finland, finmark .' 0203
Franca, francs .09:
Germany, marks . ............... .0035
Greece, drachmas .0453
Holland, guilders V. . , .3800
Hungary, kronen .0016
Italy, lire . .0536
Jugo-Slavia, kronen 0036
Norway, kroner jjv-w
High-Grade Investments
Issue
Rale Due Price Yield
Dutch East Indies . 6
Canadian Northern R. R. Co.'
(Guaranteed by Dominion of Canada)
Government of Newfoundland
O 0
.5',
Province of Alberta 6
Province of Ontario $Vz
City of Vancouver, B. C. 42
State of Oregon 4
Los Angeles Gas & Electric Co 6
1962
1923
1942
1930
1929
1923
1937
1942
93
99.623
101
102.33
100
97.62
93.50
101
6.30 7i
5.137J
5.40 To
5.63i
5.50
7.00
4.60
5.90
I. flevereaux 5i(5mpany
INVESTMENT BONOS
8T SIXTH STREET PORTLAND. OREGON BROADWAY 1042
GROUND FLOOR WELLS-fARGO 8UU0INQ
MINING GROWING ACTIVE
SPECULATIVE SALES OS EX
CHANGE INCREASE.
Building of Largest Silver-Gold
Reduction Plant in North Amer
ica Is in Progress.
99.40
09.22
80.50
99.44
Swift & Co. Stocks.
Closing prices of Swift & Co. atonka at
Chicago were reported by tha Ovrrbeck &
(JooKe company of Portland as follows:
Swift & Co 1024
Libby, McNeill & Libby 3
National Leather .", ' 2Vm
do new .' inu.
Swift International 18
. Money, Silver, Etc.
NEW YORK, April 8. Foreign bar sil
ver, 5c.
Mexican dollars, 50 c.
LONDON, April 8. Bar iilver. 33
per ounce. Money, 2Yt per cent. Discount
rates: Short bills, 2 per cent: three
months bills, 2 per cent.
Mining; Stocks at Boston.
Closing mining stocks at Boston-, fur.
lshed by the Overbeck & Cooke
ox j-ortiana:
Bid.
9,i
60
Aj-izona Oomm
Adventure
Ahmeek
Algomah
Allouez .'. ., 2H
Arcadian 2 '
B-inirham Alines i.ti;
Balaklava J 6ax
California and Arizona fio
Calumet & Hecla .'....277
New Corn 17
entennia.1 n
Copper Range 43
Davis Daly . t 7 14
ast auils n
Franklin Mining 1
ranby o
Hancock 2
Island Creek ... ..'...103
do pfd 92
Keweenaw 3 vi
err Lake
Lake Copper
LaSalle
Michigan
Mass Con
Mohawk -
May Old Colony -. .
Mason Valley . . . .
North Butte .....
Nlpissing
North Lake
Oseola Mining ...
O-bijawa ,
Quincy Mining ....
Pond Creek
Isle Royal
n-itea s-noe Mach
do pfd ,
3
2
1-
1.
2 '.4
67
4
1
12
5
20
88
114
44
1T
24 ...
Ask.
9
tn.
03
25
26
3
14
"ei
280
17
12
44
734
11
1
3
103
1
3
3
2
2
88
12
HYt
40
37
2
18
Portugal, escudos .0886
Roumania, lei .0080
Serbia, dinara .0137
Snain. pesetas .. .1565
Sweden, kroner 2620
Switzerland, francs 19n5
China Hongkong, rocal currency... .oinu
Shalghai. taels ,
Japan, yen -. 4800
NEW YORK, April 8. Foreign ex
change, firm; Gnat Britain, demand,
$4.40; cables, $4.40; 60-day bills on
banks, $4.37. Francs, demand 9.15;
cables. 9:16: Italy, demand. 5.32: cables,
5.33. .Belgium, oemana caoies,
8.49. Germany, demand, .32; cables,
.32. Holland, demand, 37.-80; cables,
37.83. Norway, demand, 18.32. Sweden,
demand. 26.18. Denmark, demand, 21.20.
Switzerland, demand, 19.44.' Spain, de
mand, 15.55. Greece, demand, 4.46. Po
land, demand. .02. Czecho-Slovakia, de
mand, 1.93. Argentina, demand, 35.S3.
Brazil, demand, 13.75. Montreal, 97.
Great Britain demand advanced to $4.41;
cables, $4.41; 60-day bills, on banks,
$4.38 in the late dealings.
Standard Oil Stocks.
Standard Oil quotations furnished by
fWprhpp.k & Cooke company of Portland
4ld. ASK.
13
3TO
96
19T
113
135
34
150
97
49
114
106
181
105
28
275
108
278
15
27
565
360
100
.182
64
88
560
485
271 '
410 .
117
35
358
30.
ISO
101
Anglo 18 .
Borne Scrysmer '. , . 350
Buckeye y "4
Cheesebrougb. .392
do pfd .....110
Continental 132
Crescent 33 .
Cumberland .140
Eureka 94
Galena com 47
do Old, pfd 110
do New, pfd 100
Illinois Pipe 178
Indiana Pipe , 103
National- Transit - i 28
N Y Transit .270
Northern Pipe 105
Ohio Oil 275
International Pete 15
Penn Mex 23
Prairie Oil B0
Solar Refg 340
Southern Pipe 98
South Penn Oil 178
S W Penn Oil . . 61
S O Ind m
S O Kansas 540
S O Kentucky 475
S O N Y 268
S O Ohio 400
do pfd 116
Swan & Finch 25
Vacuum 354
Washington 20
S O Nebraska 170
Imperial Oil . . 99
tah Metals
Utah Con
U S Mining
do pfd
Utah Apex .
Ventura ....
Winona
Wolverine . .
Wyandotte .
43 43
26 26
2B
80 . 65
IV, , 1
2ax
38 38
45- 46
. 3 314
25 T 26
. 40 6l
. 32 33
.40 65
Sugar Markets.
NEW YORK, April 8. Raw sugar, cen
trifugal, 3.98c; refined, fine granulated,
5.255.50c.
Sugar futures closed steady, approx
imate sales, 1150; May, 2.52c; July, 2.71c;
September, 2.89c; December, 2.95c.
SAN FRANCISCO, April
Hawaiian raw sugar, 4.11c.
8. California-
Furnished
Foreign Bonds.
by Overbeck &
pany of Portland:
- Bid
Belgian rest 5s ... 72
do prem 6s 80
do 7s ..1945 10-8
do & ..1941 107
do o 1920 102
Brazil Sa i 1941- 10O
Ohll Bs IBB 2 85
do 7s 1033 101
British 6b..., 1922 90
do 0s 127 9
do 5e 1926 90
do vky 4s 77
do ref 4s 73
Bordeaux 6s 194 87
Canadian 6a v.. 1937 97
do fts 3 926 9U
do 5s .1 1929 100
' do 6" 31931 mi
do 0 1927 97
Chinese 5s 19CI 51
Chilean 8s 1941 1-04
Ru-ss Currency 6
Denmark Ss 145
Dan 'Muni 8 1945
French 4a ,.1947
do 6s 1920
do 6s 1931
do 7s .. .1941
d o 8s 195
German W I. Gs ........ . ...
Borl In 4s
Ham'burff 4s...
do 46s ...
Leipsig 4a
dO MA ...
Munich 4fl .................
do 'OS
Frankfort 4s
It&ldan 5s .....1918
Jap 4a 1931
do 1st 4s 1925
do 2d 4 1925
Norway 8s 1940
Russian &s .....1021
Coke corn-
do 5 s
do 6s
Swisi 5s
do 8a
San Paulo
U K As ...
do 6s
do os . .
S wedish . .1
8s..
.1926
..1919
. .1940
.19040
. .121
. .122
..129
. .1937
. . 3 939
112
11-2
56
80
68
102
106
2
- 2
3
3
S
4
3
3
3
40
715
89
89
112
22
i
24
101)
11
KW-
105
10
10O . .
1)00
Ask
75
30$ T4
lOS
3t
107
86
102.
. 92
92
92
79
75
ST
99
101
9-8
53
104"
8
112-
82
69
MW',4
10
3
' 3
4
3
.
6
4
4
4
41
T5
90
. 89-14
HI
5
27
101
10
101
QUOTATIONS ON DAIRY , PRODUCTS
Current Prices Ruling on Butter, Cheese
and Egrsrs.
SAN FRANCISCO. April 8. (U.. S. Bu
reau of Markets.) Butter, extra, 33 c;
prime tirst, 33c
Eggs Extras, zic; extra firsts, zzc; ex
tra Dullets, 234c; extra pullets, firsts.
22M:c; undersized. No. 1, 20c.
Cheese California, flat. fancy. 23c:
Young America fancy, 2'2 1 c.
CHICAGO, April S. Bu tter. higher ;
creamery ex-traa, 34,c; firsts, olta'aaiitc;
seconds. 23 30c; standards. 33c.
Eggs, firm; receipts, cases; firsts,
2c; ordinary firsts, 2121Vc; miscel
laneous, 2222c; e to rage packed ex
tras, 25 He; storage packed firsts, 24 c.
Poultry, alive, unchanged.
NEW YORK, April 8. Butter, firm.
(Copyright by the Public Ledger Company.
Published by Arrangement.)
SAN FRANCISCO, April 8. (Special.)
Actlvitv on the mi runic exchange is chiefly
in evidence among the most speculative
issues. , The new Oatman stocks were an
exception, only a few sales being recorded.
Intervention of the state corporation com
mission has checked the development of
the projected boom.
There has been a volume of sales of
Divides and Tonopahs. Lucky Boy, one
of the former, declined less than half
its usual quotation of nine or ten cents.
West Knd Chemical and Simon Silver
continue about the most constant of the
list". Gruss Copper has unexpectedly re
covered to about 8 cents.
Tho United Comstock has completed its
10.000-foot drainage and transportation
tunnel. With its portal at American Flat,
the huge lateral cuts through the mines
comprising the group to connect with the
shafts on the Alpha Consolidated at the
north end. Development of several virgin
veins is to be undertaken.
Building of the 2f00 mill, designed to
be the largest silver-gold reduction plant
in North America, with possibly two ex
ceptions, is proceeding vigorously. The
management estimates the mill will be
ready for service before the end of Oc
tober. Clearing of the cross-cut from the Mint
shaft on the Sutro tunnel level is being
rapidly prosecuted by the Middle Mines
company preliminary to beginning diamond
drilling. This work is being done on the
Savage mine, and the drills are designed
to explore the Comstock lode fissure to a
depth of 2400 feet in virgin territory.
The Comstock Middle Mines company,
which holds an option on the Middle Mines
group, is prospering from the Hale &
Norcross tunnel to locate extensions of rich
veins in the Best & Belcher, Gould &
Curry, Chollar and other properties.
STOCK BOOM ON SOLID BASIS
Big: Dealings at High Prices Founded on
Industrial Revival.
NEW YORK. A-pril 8. Dealings Involv
ing no less than 7,000,000 shares, mostly
at highest prices for the year or a much
longer period, and a corresponding de
gree of activity and strength in the bond
list, epitomized a noteworthy week iu
the securities market.
Factors on which the broad foundation
of bullish enthusiasm seemed to be laid,
namely, the marked improvement in gen
eral economic, financial and industrial
conditions, are now so widely recognized,
even, in conservative circles, aa to occa
sion little doubt or discussion. Almost
the only cloud on the financial horizon
was the suspension of operations in the
coal fields, but the strength of coal shares,
almost collectively, brought to mind a
time worn tradition that "Wall street
never sells on a strike."
Many other railway shares, besides the
nthracite and bituminous issues, gave
impressive demonstrations of strength,
these being accompanied by rumors of re
stored or increased dividends, but specu
lative interest was most keen in steels,
oils, motors and equipments.
From these groups activity extended to
shippings, coppers, rubber and textiles,
most of which derived their strength from
the better market position of these com
modities; while food specialties reflected
the further advance of farm products.
A' few special stocks reacted on poor
statements of earnings and a more or less
vulnerable technical position, but the
movement of the great mass of Indus
trials seemed to be based on Indubitably
evidence of trade revival and cheap
money.
Call loans in the open market ruled at
4 per cent, but many private loans were
made at 4 per cent on gilt-edged collat
eral. The same disparity applied to time
funds, accommodations for the longest
dates being privately offered at a con
cession from the 4 per cent quotation.
England's notice to her erstwhile allies
for payment of interest on war advances
threatened renewed iinsettlement In
foreign exchanges. Latest aspects of the
forthcoming uenoa meeting. However,
more than neutralised that development.
Remittances to central and eastern Eu
rope improvea on tne success attend
ing the Caecho-SIovakian loan here and
in London and Amsterdam.
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables. Fresh Pro its,
Etc.. at Bay City.
SAN FRANCISCO, April 7. State Dlvl-
on of MarkPtP.) Poultry Broilers, 34p
to 46c; young roosters, 25o to 42c: old. ITmj
to 20c; hens, 21c to 32c; ducks, 26o to 28c;
live turkeys, 32o to 35c; dressed. Stto to
44c.
Fruit Apples, ftnd 4 tier, $1.40 to
$3.50; oranges, $5.25 13 7.00; lemons, 44 to
?5. 75 ; grapef ru it, $3. 50 to $4. 50 ; straw
berries, crate, 4.S0(5.23.
Vegetables Asparagus, pound, 8c to
17c; artichokes, large crate, $13916;
beans, pound, 23c to 85c; carrots, sack.
$1 to $L50; celery, crate, $3(&)4.50; cu
cumbers, dozen. $2 to $3; lettuce, crate,
$3 to $4.25; mushrooms, pound, lOo to
SOc; olives, pound. 6c to 10c; pas. pound,
12ai5c; potatoes, $1.90 to $2.75; rhu
barb, pound, 35c; Hubbard squash,
pound, 6c to 8c; sprouts, pound, 12o to
14c: s pinch, pound, 2c; turnips, sack 11.23
to J 1.50.
Receipts: Flour, 84 M quarter sacks;
corn. 16O0 eat!: potato a, 83
onions, 4 8 sacks, bay, 830 tons; fcldss,
732; oranges and temotm. 450 too
Navml Store.
6AVAN-NAH, Ga.. April 8. Turpentfs.
firm, 8OK0; sales, SS barrels; rcwtpta o
barrels; shipments, 8 fesrroia; stock 704
barrels.
Rosin Firm; aan. 4C barrels: rsrelp.
fW barrels; shipments. 775 btrrWa;
t'iW.280 bo-rrols. CMmte: B, D, 1-:. K, $4 o;m
4 20; O. II. I, .07mtf 4.2'f. K. f4 12Hf
4.35; Xf, '14.50; N, $5.20; W1, 3 jtf5U.
W W, u.7i66 8V
Dried Fruit at New York.
NEW YORK, April K Kvapormtf d ap-
pes qutt but steady. Prunes quist,
"Vxr-hf; f tl
For the investor who seeks safety for his principal
and at the same time a fair return for his money
we recommend any of the following bonds which
we ourselves have purchased after the most care
ful consideration:
Due Yield
Marion Co. Oregon Road 5Vts 1939 4.91
Wallowa Co. Oregon Road 52S . . . 1935-7 5.00-;;,
Tillamook Co. Oregon Road Ss. .1931 5.00';;,
Greater Winnipeg Water 5s 1923 6.00
Province of Saskatchewan 4s 1923 6.2o
Gov. of Newfoundland 6Vs 1923 6.007o
Pacific Power & Light Co. 5s 1930 6.25
Kingdom of Denmark 6s t 1942 6.25 7v
Dutch East Indies 6s 1962 6.35
Gov. of Argentine 7s 1923 7.00
Complete details on any of these
issue furnished on request.
Telephone or Telegraph Orders Collect.
BOND DEPARTMENT OPEN :30 TO SiOO
Saturdays 8:30 tm 2i00
LAB & TILTOH
B&NK
Oldest in thm Northwest
WASHINGTON
at THIRD
cnn y t-i't'i' i y i v r'iT,i'T'i,Ti,T'?T'rT'i'r'i'T'i'rrTn r i v r?r;TiiS
Spot Coffee Firm. '
NEW YORK, April 8 Coffee futures to
day closed 5 to 10 points net lower. Sales
"were reportea of aoout 3S.O0O bass. Clos
ing quotations: May. 9.84c: July, 9.75c;
Beptemoer, 9.47c: .October, 9.47c; Decem
ber, 9.48c; January, 9.43c; March, 9.39c.
spot corree urm; mo Ts. l14c: Santos
4s. 14 ffl 14 lie.
Duluth Linseed Market.
DULTJTH, April 8. Flaxseed, $2.5354
2.5514. - . .
WANTED
Manager for Portland
By a very strong, well-known Life Insurance
Company. This company has all the up-todate
policies, including Double Indemnity and Total
Disability features, writes Sub-standard as well
as Standard business and has a large amount of 4
insurance in force in and around Portland. An
exceptional opportunity is offered with a salary
and commission to an experienced and capable
man who can fill the bill. Apply, giving experi
ence and references. All replies considered
strictly confidential. Apply H!567, Oregonian.
Before
mmhivesting
your next savings inquire about our Partial Pay-
H ment Plan for purchasing high-grade bonds.
This plan was initiated in Portland by the presi
dent of this company.
The plan combines all the advantages of a sav
ings account plus the benefit of definite high
grade security and high current interest return.
You are saved all worry and technicalities.
Why be satisfied with less when you can just
as easily make 6 to 7 and more with safety.
Mail us this coupon.
Dolt Now
Ask for
details
of our
P. P. P.
Freeman, Smith & Camp Co.
l,umbermrna Bids.. I'ortlnnd
Pleas send me details of your
Partial Payment Tlaa.
Name
Addreiis
OVERBECK &
COOKE CO.
Broker. Stork. Bonds. Cotton.
Grain, Etc.
tl-2l7 BOARD OF TRADE BLDO.
Wall Walls. Wuh.
Portland. Or.
eo dleton. Or.
MEMBERS CHICAOO BOARD Or
TRADE.
Corresponds. ta of Logan A Bryan.
Cnicajro and ew York,
MEMBERS
New York Mock Exchangre.
Chicago Stock Exchange,
Boston Stock Exchange.
Chicago Board of Trails.
iew Vork Cotton Exrhangs
New Orleann Cotton Exchange.
New York Produce Exchange.
Winnipeg Grain Exchange.
' .Liverpool Cotton Association.
Forming a Company?
You gain mnity advantages by otti ixlr st
on l he Common 1-aw n n unilf r n iur.i
Declaration of Trual. NATIONAL STAND
ARD blanks, th accept! furtiii, rmn t
filial in by anyone. nywhr. mp.e-
outfit, with $;r'-ctlor.. ftirniNh"! by C s
nKMARKK, gttl blank puh;iHir. M
Walnut. Kmmi City, ilo. Aik tar fr-
pamphlet
HERRIN & RHODES, Inc.
' Etobllhet If'.wl.
STOCKS, BONDS,
COTTON, GRAIN
Corrpont-m V.. V. lll'TTON cn N. T.
Mmbr. ml ).f1in .nrh.it.rti.
liMbnnn'a Hervl.-. An lie.
Rdwr. 47X4. X0t Kll7 t.Xf-li.n.. Rl!r.
Ronlan.
Main 707.
Main 7U70.
Automatic.
1