The Sunday Oregonian. (Portland, Ore.) 1881-current, August 06, 1922, Section One, Image 21

The Sunday Oregonian., August 06, 1922, Section One, Page 21, Image 21

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Newspaper Page TextTIIE SUNDAY OREGOXIAX. PORTLAND. AUGUST 6. 1922 WHEAT PRICES OFF; OTHEB GRA NS SAG Losses General at Close Chicago Market. in RAIN FALLS IN CANADA Bullish l:mhalam Reported Larking; ,o Activity Voted . in Hi port Pemand. - WT CHARLES D. MICHAELS. Ch lc o Tribune La-4 Wtra CHICAGO. a. & Burin power gars cut la the wheat market today. While tbera was a fair early advance in Sep tember ea a, continuation of abort cover Inc. tbe finish waa about tba low point. There were net losses of - 1 S 9 c. Otber grain were Influenced br tbe ac tioa of wheat. Cora closed at loaaea of SOle. while oau were off HO So aad rye 114 0 2c All grains sold at a aew low for tbe saasoa during the last weak. Specs UUr buying la not sufficient to abeorb taa hedges without orlco rscsaslons. Wheat dosed with set loaaea of 1 M 0 Vie. while corn- waa off 101 Vc, oats IV. 01 fee aad rye 4wOSc Lard fin labe4 with a loss of h05&e and short ribs Se. Bullish enthusiasm waa lacking today and the sulfa of tbe previous day weak ened the technical position. Rain, fell In Canada, whrre the late crop will be benefited, and tbere waa no activity la the export demand. 8 pot preraluma were He lower aa compared with the eptem er delivery. Charters were reported a Atlantic and Cult ports tbe paat week sufficient to take out around T.SOO.ooa buabsis of araln. Cora and oats are completely nnder the domination of wheal. Tbere waa little In the situation to cause any ma ferial buying and with Increased hedg ing preaaure oats sold dowa so within a fraction of the lowest figure of the season. Balk of the trade was of a lo cal character Crop reporta on were venerably favorable except parts of feuth Dakota aad where rain la needed. While there was no material pressure an rye. tbe undertone waa eaaier, avmpathy with wheat. No. 2 sold at - c over September. com from Minnesota. In track 19J 1H.12 , ia mi JUJS I9 nj IIM 1IMU MM i3 ! l3 IMS 19.-.2 lS.1v 1925 1H32 13- 201 Kill 1M17 103 I3i 1914 19.1 IMS 1M tw;t 1.S lav 1M 1."3 1M 1KM 191 lfwtt lMa 19.1S 10.1.1 lft.lo 1I 1.V 1940 14 , lo 1BT.1 if; 1S4 19 21 1913 1944 191 199T IJ14T 193H i: 191 15 1. 1V 191 lf 1.K l4 194 1"4 1 .! 191 i 19V 19.44 1 .m 1911 I9.U1 1931 1 9.1.1 ! 19.12 19 l 194T 19-7 'IWI 4 t- 1 9 VI I'M 'J 1 9 la 14 1i 107 (Ml -, VMS 1114 IIS av, ait lii'-'H 7S MS 2S 70S la H (MS H M. nos 117 2 119 '4 il S H lis 2 2 V, ' loot. 111 103 1. HIS , 94, N MS MS 107 S 92. 4S 1' 2', llo mis -, KMX, 9 S MS MS 7s 10 15S I 72 MS IMS 10SS 91 S 110 ess 1J 110V, ltS MS oS 414 91 J I 95 S 1"2 7Sv 90S IS I'M S ?I ?is 79 S 1 9.1 S 91 S 9S 14S 1SS 99 S S 9v, 5S TS IX , RAILS AT BEST PRICES OF TE. Flaaarfcal Marketa Hold l'p la Far af I a fa, arable Dereloaaaeats. NEW YORK. Aar. S. Despite unfa vorable developments In tbe coal and raiiroad strike situation and complica tions In the International situation dur Ina the week, prices In the financial markets held up remarkably well, tbe aterase for ral.s touching a aew top for the year. Deallnss In the stork ,narket have been comparatively licht and lararly of a professional character. The unex pected strength of some of the hicfc (raa ral e and Industrials, however, has been ascribed to accumulations by strona bankfnr Interests. liquidation of stocks In the hsads of io:l investors has been relatively small, allbooch short Inter ests bronchi strons. pressure to beae upon several of tbe popular Issues In an sndeavor to brtnc tbera out upon the market. Weekly ravlewe of the Iron and steel Industries Indicate a perceptible alack enint" of production.- the plants of the United Statra Steel corporation beln reported early In the week aa operat ive at 70 per cent of rapacity as acalnst 71 per cent last, while independent con cerns hsre raiien down to per cent, ('arloadinf. with the exception of coal, however, continue to Increase, tbe lal eat available statistics approarhlns the peak ficures In the fail of 19 -X Price cuta In automobiles and tires were followed by further cuta In crude ail and saaoline. hucar prices advanced eo reports that tbe supply la storase la Cuba probably would be exhausted bfore the new crop waa ready for tba market. Kate, oa call money stiffened early In the week aa a result of month-end re aulrementa. the quotation of Sfonday and Wednesday renins up to per cent. On Thursday the rata waa down to 4 per cent and Friday It fell still another point to S per cent. There waa a fairly good demand for time money. The forelan situation Is still a case of serious apprehension on the part of local bankers. HuMlration of the note deecrlb Inc Oreat Britain's attitude toward the payment of International debts resulted In an extreme coilapee of Oerman ex change- with a sl'xhl reaction in otber Kuropean exchanges. Prlcea rallied, how ever, toward the end of the week. Can aadian discount was down to only S ai 1 per cent, IN lowest In several years. : ew Tarn, Baads. Furnished by the Jordan aV Went worth company of Poruaad: Atra sen 4s A C L 4s do 7s B O s -:d 4s do con 4Vs cr ......... do ref &s .............. Canada fiouthera 3s....... Canadiaa Nor 4Ss do 7s "Cent Pac 1st 4 Che C'hlo (ea IS do cv Is ............... da con C B A J III div 4s C A West lnd 4s C O A W 4s C M A bt P 4s , do cv 4Ss ............ do irn 4s A ............. do cv s do mir 4Ss A Cheo N W sf as do sen 4a .............. do Ss , do 7s C R 1 P ref 4s Colo Sa ref ex 4Ss. ...... do 4s De 1 Hudson cv 6a da Ts D A R O cv 4a do ref !s Erta P I. 4s do con 4s A ............ do B do D Erie Pa C i 4s ........ Od Trunk eoj ass ......... Gt Nor 4Ss do 7s Ct Trurji us .............. do 7s". - T'ICent ref 4s K C sou ref 5s ........... Keo A Des M 1st s I- 8 A M S 4s L. A M 7s do unt4s i. Sinclair 7s N A E'lisoa da C K I is r It O 7s IT. Pt P A S S M IS M. K A T 4s M o I'sr ftr s S 4s. ........ do ref .la I....... do ref &s K T C deb 4S do con 4s do ref imp IVii do cv den as do coll 7s N Y. N H A H cv as Nr Tex A Afex s Nor rarific prior Ilea 4a... do Aa N P lit Vor Joint SS L rf 4s Pennsylvania ISf ......... do sen 4V,. do sea As. ... do 7s do Ss Readlss aea 4s... UAL 4s do As da e A Pel Ry con s--. .......... Sou Pacific cv 4s.......... da ref 4s da shnrt term 4s. ........ Ron Pacific conv 3........ Si Is F prior Ilea 4a A. do sen as do prior Ilea As B. ...... do fa s. ....... ... do ad J s.. do Ino e fit LAS W 1st Sa.. ....... do con 4s................ da 1st 4a Tex Pa- 1st as Ln on Pacific 1st 4s. ...... da cv 4s................. do ref 4s. ......... ...... da As fmon Tens? Ts. ... . U sb.-h 1st As............. do d 5e West Pa-if'e Aa....... M K A T as...'. Ifkf nt m Philips Fata Ts-.. ... .. . 'Otis Steel Sa :.. Industrials Allied Parkers As .. Am Asr I'h 7Ss ... Am Jtm let As ..... Am Tob 7s Anaconda As A .... do 7s B Armour cv 7s ...... do 41)1 Reaver Hoard o ... Beth Steel 7s do eo, 7s do ref .1. Cerro de Pasco a .. Chile conv As A .... do conv 7s Col Graph ha Cor per fcxprcss 6s . . do He do as Colo r A I (ea As.. Colo lnd As Cohan Am rtuvar 8s Cuban Can cv 7a .. Itlstlllers Sec cv Aa. , Diamond Match 7Ss lupont 7Vs Kmpire Gss Fuel as .. Fls s U EIrctrlr deb As .. do deb As Goodrich 7s ......... Ooodyear bs Hems ts Hershey 7Sl ....... Ill Mteel db 4Ss lnd f-teel As . . Inl Afr As Int Marine C T As .. Kelly .-iprtnsfleld As . Kennecott 7s Lark Me-I As do 1st Aa Llbby. Mc.V A Llbbv 1 1.IK A Meyers As do Ts Lorlllard As do ... Mldvale Aa Morrla A Co TSs .... Proc A Gamble 7a ... Republic 1AM As.... Seara Boa Ts do 7s . Steels A Tube 7s bwift A Co 7s do 7s Cnl Drue- 8s U 8 Rubber 1st ref Aa .. do 7Ss V S Steel sf As Va Chem La Vt Car Chem THs ....... West Eleo As West V T col Tr As Western Union H-s ...... Wilson 1st Wilson cv As , Westinahouse Ts Public ntilltles Amn I.t A Traa Sa ..... Amn Tel coll 4a Amn Tel As Bell Tel nf Pa Ts' P. R T As Cal Gas unl As Cities Service 7s B do 7s C do 7s D .. . Int Met 4v,s Int R T ref s Laclede Gas 7s .......... Mont Power 5s A ........ Northwest Tel Ts ........ Pac Tel As Pac Gas As .............. Souwest Tel Ts .......... Oil bonds A Turin Amn IS" Atlantic Kef v,s Galena 8 Oil 7s ;ulf Oil 7s Humble Ts .............. f-aa Amn 7s ............. Mx Pet cv 8a Sinclair TSs 8 O Cal Ts do N T Ts exss Co Ts Tldewster Oil ASs Vacuum Oil Ta Foreisn sovernment bond Arsentins Gl As Pelsium Ss Rersen 8a Feme 9s Chrtsllanla Us Copenhagen ASs Ianlsh t onaol ea ......... French Cities Ma Italy ASs A Swedish Govt 8s .......... 8 Alex 4s do ext As Ururusy Ext As Zurlt-h Ka Frer.ch Internal 4a ........ French Victory As .T...... Bele-'.an Restoration Aa ..... British 2Sa consols ....... al Cons war Loan As..... Curb bonds Am Tel A Tel as da . . . . Anaconda Copper 6s do 7S Ansio-Am Oil TSs Armolir A Co 7s ......... Copper Ex A sen Ss , do Galena Pirns I 0:1 Ts Grand Trunk ASs ......... u;r mi to ts ............ Humble Oil Ta nter Ksptd Tran Ts ....., Llbby McN A Lib 7s f.i Roe Ts -yr.- So West Tel Ts standard Oil N T do ts sift A Co Ts do Vacuum Oil Ta , man . 1941 , 1947 . til-3 , I921 . I2 . l!;to 1 3! 193 1928 19.1.1 194 2 I IKt I I99.1 1923 1925 1923 1924 19 25 .1943 19.14 I9H1 19.1rt ' 1927 19.15 19X1 1924 1941 19.12 1941) 1925 1941 1 U-'iil 1931) 1940 !!'. 2 193 2 1941 19.11 1 9.10 1923 1 .') 19.11 19.11 1944 19.11 1944 19.1 19.10 1923 194.1 J92S 1923 1P41 192A 1931 . 1941 . 1947 . lBilrt . 191 . 192.1 . 19.3 . 1H22 . 19.18 . IMiiA . 1941 .1923 . 131 . 102.1 . l2t . 19.M . 194.1 . 194.1 . 19.17 . 19 . 19lid . 19 . 19.16 . 194 , 1930 , 194.1 1941 191T 1942 1920 1925 19.41 19.10 19:1.1 1923 1910 19:irt 1925 19.11 19.11 1 92.1 19,11 19.14 14S 1!4 194.1 1945 194.-. 1944 194)1 19:i4 19.M IWi) 19.-.4 1945 ini.i 191T 120 hSM PRICES STRONGER 94 S 12S 1 liS lot 1114 S ;i 10.1 l"3S 9S 122S 9.1 1"1W 35 101 i, IH2S 104S 91 45 ltS 90S 45 lOA IMTS 1"1 S niS 1"2 1H7S IlKlS 1 1S 1l4 S KWS 91 1WS so s 9AS 109 10.1 J. wis 9S 99 S 1 1 HI has 90S 117 9S loss mi s 93 s loos 101 S loOS J 02 V lo.l HIS BUS 101 104 100 lo.-.s nas lios loo 93 S ltS 10AS 92 S 1I5S (IH A2S 9S I2i 9 91 S 101 s 97 S ins 97 S 91 S 105 S mm I Oils lo.l 141.1 S lias 101 ln.-.S 104 S 1os 10s 101 102 s 107 S KAIL1COAD ISSCES ARE AGAIN' FAVOIUTKS. 1922 1921 1924 1925 1943 19.13 192' 192.1 1931 8.1 H 1 04 S litS IMS MilS mnvi 109 S S2 9H 104 44 S r.ss '1 s 1 1.1 s .MS A2, TlVi 54 3H 1011S IMS 1S in.is 1 "1 tj I04S 102 s lo.'tS 1H.1 S lOA 114 104S "7 09 S lot s 1..4V. 1H9S los 102 lo.l 107 BETTER IN EAST KOOKY MOUNTAIN SECTION ALSO IS IMPROVED. Foreign Group Irregular, With Canadian ljoan at High j Price for Year. NEW YORK, Am. S. Prices In th bond market wera strengthened consider. sbly in today's brief 'session of the ex chance. Railroad bonds, which have been In rood demand throughout the week, were again the favorites. Chicago Rail way As were especially atretic;. Jumping 2S Points, while it- Paul A Kansas City short Line 4Ss were up IS. Pennsyl vania general 6s. Norfolk A western con vertible As and Wisconsin Central 4s moved upnsrd 1 point. The foreign group waa Irregular. Ar gentina Ts and some of tha French mu- nlclpsls stiffening slightly, while Braxil 7a and 8s reacted moderately from yes terday a closlnr ouotationa. Dominion of Canada ASs of 1920 reached a new high price for the year,, presumably In re sponse to the higher rate of Canadian exchange. In the Industrial list Cuba Cane 8s. Cerro de Pasco 8a and Goodrich 8Ss gave a good account of themselves. Moderate gains were registered by most of the active Issues In'today's half-holiday session of the stock market. Total sales spproximsted 250,000 shares. The request of ths four rslh-oad broth erhoods for a conference with President Harding, on the ground that a serious situation was developing In connection with the rail sinks had llttlo effect on the market, railroad stocks generally making appreciable advances. Several new hlgha for tho ysaj; wera recorded In this group, notably by Chf cago Northwestern. Southern Railway common and preferred. Atlantlo Coast Line. St. Louis A Southwestern and Pere Merquette. tthort pressure was directed against some of the speculative favorites towards the cioss of the session. Mexican Petro leum reacting IS points snd Baldwin dropping S. but ths general list held up, well. Kresgo cmpany. following ln tne waa s of Woolwerth. which reached a new high earlier In the week. Jumped up a poin. presumably on reports of Increased July earnings by chain stores. Corn Products si so broke through for a new high, and a good demand waa noted for the augfr and tobacco stocks. tiriin r.tes were strong, nut some lrriiintv was noted In the continental exrhsnaes. Marks wera down to 18 cents hn.riMri nearly a cent nciow ii tii.t-s close, on reports that Germany had refused to meet the stipulated pay- no tha nrewar dents to rrencu The rlesrlng house statement r" an lnrr.il. ot actual Otis . r . i tfliuwi ami ss comosred with Increase of I33.000.0IM) the week before, vi incressed their reserve In the federal reserve bank by t9.258.000. as against a decease of tA.26O.00O a week a- CLOSING STOCK. UUI4uu.' x-rni.hed hv the Overbeck A Cooks company af Portland: Kales. High 100 ..... 40 31 S 4""1 117 ,11X 70 T, 71 S radt Con aven A West Nor Pac, Nova sc St . . z . N Y Cent Nor Am fk la. Prod ref. . . Ontario fliver .. Ont & West...., Otis Steel Pacific Iev Pac Gas A Bl Punta Alegra ... Pac Oil Pan-Am Pat .... do "B" Penna .......... Peo Gas ........ Pere Marq ..... Puro OU Phillips Pet .... Pierce Arrow ... Pierce Oil ....... Pitts Coal Pitts A W Va. . . Penn Sea Steel.. Pr Steel Car ... Pullman Ray Cons Reading Remington ..... Roplogie Steel... Rep I A S do pfd ........ Rep Motors Royal 1 Oil... Ry St Spa... Stand Oil Kan Sears Roe Shattuck Arts Plieil I at Sinclair l.SrOO SO 8.1O0 JOO 100 "iiio ".ioo 3 IMM) S.0OI) Bt0 2.44 2.5M 1,51 ") L2 4M AtK i.iton AO0 "4oO 31 S HAS TSS 97" Tl!4 TS v TS BOO 1.44M 1.100 8 Low. pfd.. In Lake Statea and Vpper Mishls- Ippl Valley Conditions Are Changed But Little. fBy Chicago THhune Leased Wire.) WASHINGTON". D. C. Aug. A. Crops mads soma Improvement for the most part In tho southeastern and eastern states and In ths southern Rocky moun tain region and California, during the two weeks ending July 81. according to the united Mates department of agr. culture's report for the last halt of July. In the lake states and ths upper Mis sissippi vauey conditions changed but llit.e. Heavy rains along the Atlantic coast caused some damage to grain In ths shock, but elsewhere Injury from un favorable weather was not appreciable Corn Is tasselinf ln ths western part or ths corn belt and Is making good progress in most of the other regions. aunougn rata Is needed In Minnesota. The crop la still somewhat backward In New England and In New Tork. Win ter wheat la nearly all threshed In Texas. Oklahoma. Tennessee and North Caro lina as well aa In tha southern portion of Illinois. Cotton has Improved slightly In several states, but Its condition on ths whole Is slightly lower than a month ago. In the eastern part af the cotton belt weevil damage has more than counteracted the Improvement In other ways in nearly al! sections. The crop has progressed rap idly, however, ta ths southern edge of the belt. Picking ts In progress In Flor ida and southern Texas, and several bales have already been marketed. SAX FRANCISCO FRODl'CE MARKET FiWea Current aw Vegetable. Fresh Fruits. Etc.. at Bay City. SAN FRANCISCO. Aug. A. (State Division of Marketa.) Poultry Fryers, 82 14c; broilers. 29 f S5o: roosters, young. 43 1 4 Ac; e d. 14018c; hens. lA0S2c; ducks. 18920c; turkeys, live. 82 0 85c; dressed. AA 8 41 re: hares, pound. 13 0 15o. squabs, dosea. 3 01.50: jackrabblta. aosen. 820 2 AO. Fruit Pears. Bartlett. boy. (1 son 8.78; apples. 4-tler. 8XSOX79: canta loupes, standard crate. 75c$l2A oranges. Valenciaa. Hdll; lemons. IS At) -25. grapefruit. S3 AO 07; strawberries, drawer. O0 75c: raspberries', drawer, AO A.1c: blackberries, drawer. 35030c; lo ganberries, drawer. 4O05Oc: figs. sin. layer, box, 83 0 85c; peaches, crste. 8101.35; currants, per drawer. 11.25; watermelons, lb.. Il,c: pLams. crate, TAc081.AO; grapes, crate. .! 7503.23; new green apples, box. fl.23'01.73. Vegetao.es arucoijxrt, lug, crate, nominal: beans, pound, I0tc; earrota. sack. I101.25 celery, crate. SA.AO04; curamaers. lug, AOtfAAc; eggplant, pound. 80Ar: lettuce, erst.. Ilajl.25; onions, Stockton red. wl I12oj140; yellow. 81.AO0l.TA: groen, 112501 SO; parsnips. k. 8'X.svv; peas, m. sayec; net pep pers, lb., lotjlc; new potatoes, lb.. IS 02c: sweet. A07c; rhubarb, box. 81 01.25; aquaeh. summer, lug. 500 75o: spinach, pound. 804c. tomatoes, crate. UOl.75.; turnips, sack. 1101. 25; green corn, doxen, 10015c: garlic, pound. 80Ac: beets, sack. 1101. AO. Receipts Flonr. ls2 qusrter sacks: wheat. 12i JO rentals: barley. 8593 cen tals; corn, AA4I centals; potatoes, 1A10 sacks; onions. 923 sacks: bay, 170 tona: hides. 225, . Naval Store. SAVANNAH. Ga.. Aug. A Turpentine, firm; l.4e. tiaies. 2") barrels: receipta 27A barrels: shipments, 173 barrels; stock. 71AO barrels. Roetn. firm. slea barrels: re ceipta 278 barrels; shipments. 10O bar rels: stocrf. 82.35H barrels Quote: B, 84 95: D. E. 83 05: F. O. H. 81 10; T. K. US: M. IJ.2S; N, ISS0; WO, 18.03; V. w. 1 Nat. Load Adams Express. . Advance Kum .. do pfd Agr Chem A lav Rubber. ... Alaska Gold Alaka Juneau.. Allied Chem ... Allis-Chalmers. . do pfd Am Beet Sugar. . Am Bosch . . . . Am Can Co do pfd Am Car A Fdy. . do oia Am Cot Oil do pfd Am Drug Synd. . Am H A Leath. . do prd Am Ice Am Intl Corp.. Am Unseed .... do pfd Am Loco do pfd Ain Saf Razor.. Am Ship A Com Am Smelter . do pfd Am Snuff . . . .. Am Steel Fdy. . . Am Sugar do pfd Am Sumatra ... Am Tel A Tel.. Am Tobacco ... do "B Am Wool ...... do p . ...... Am W. P, Am Zinc Anaconda ...... Ased Oil Atrhisr.n do pfd Atian Coast Lino Atl GuU A W I Baldwin Loco.. do ptd T Balto A Ohio.. do pfd Beth Steel "B" . Booth Fish .... B R T Butte C A Z... Butte A Sup... Burns Bros .... Caddo Oil . Cailf Packing... Calif Pat do pfd Canadian Pae .. Cen Leather ... Cerro de Pasco. . Con Textile .... Chandler Motor. Chgo A N W... Chgo Gt W . do pfd ........ Chill Cop Chtno C Al St P do pfd Coco Cola C A O Colo F A I Co'.o Southern.. Col Oaa A Elec Colunrbla Graph. Con Gas Cons Cigars do pfd Contl Can , Crtiea Svc B'kers 500 800 64)0 IOO 18 10O ' 200 r 172 O00 40S Bid 72 1 48S 87i ITS 3TVx 1JV. 12S 1 .. s IS IV IS 73S T3 73 iij T4 100 47 S 47 S 47 e 35 38 S A8 S 59 S 104 171 122S SS 28H 2S SO 5S 1S 69S 112S 89 S 33 S 1 .13 1.20O 120 118S 119S 100 118 118 118 H 300 IS iss iss 4r0 Al H 61 60S 400 98 s ess 9ks 1:14 88 s axs K2 81 S 107S 107S 39 S 122 122 140S 150 S 144 S 146S 90S 90S 1418 ..... 29 ITS ASS 1 53 '4 1"S l.AOft 102 101 S 101 S UN) 92 92 92 tOO IMS 113S H3S 200 32 S 82 S 32 70O 120S 120 119S 112s ATS A7S 6.1 IOO 77 77 7T 100 8S 8H , 8S 25 TS 80S ..a. 13A Hli 200 70S "9 T9 100 A8 A8 88 3 141 ' 31 88 ia 10 9S 59 S 89 S 59 S o"S 79S SOS 8 9 8 22 21 21 S 1041 38 s 4O0 82 100 107 S l'ooti 122 s 2.0'1O 1.""S 2.B4M) 14S 2uO. 90S 890 ASS i.i0 A7S 100 TS TS 300 141 S 141 20O 38 S 38 S Stand Oil lnd do N J S.oss Shef Sou Pacific St u Ry fand Oil Cal St LA a F ..... . rilromberg Carb.. Sludebaker l-wlft A Co Tenn Cop A Ch... Texas Oil Texas Pac Tex Pac C A O. . Vob Products.... Tran Contl OH... Union OU Del.... Union Pac. ...... United Alloy ... United Drug Unit Food Prod.. United Fruit Union B A P U S C I Pipe Unit Ret Stores.. V 8 lnd Alcohol. U S Rub do 1st pfd V S Smelt IJ 8 Strel do pfd Utah Copper....' 1 s. Chem Vanadium Steel., 1 ivandou Wabash do A pfd ...... Wells-Kargo .... Western Pac... do pfd Western Union.. West A B V.' est K 4 M West Md .0 White Motors... Willys-Overland. do pfd Wllnon Packing.. Wis Central Woolworth Worthing Pump. w A L E White Oil Whits Eagls Oil. 1S 31 S 11T 78 31 87S 71 S 2S TS 25 S 11 T 70 514 54 S 74 S 4S 8V 34 2!4 43Ui 10 s TS A3Vs 41 TS 91 121S 120S 1241 18S T6 TS 87 82 72S 92 AS A3 10T 9 R1S 10 3T SO S 109 S 181 47 81 S 8S 52 S. 54 S T5S TOS 4S 341 S 20S 44S 10s TS iis TS 51 S 54 S T4S 89S 46S iis 29 43 S 1S TS 4t4 8O0 TSS AS 53 S BS A3 81 SOS lios 14S 1O0 183 1S3 1.900 9tS 91 S 14.700 2S 25S 1.10O 1IM1S 10.1S loss 1.900 80S 29 V 80S 2P0 44 43 S 44 S 3. t)4)0 131. 13&S 181S 101S 10S 46 S 80S 24 S 54 S ISS 19 10S 47S 24 S 54 14 20 10S 4S 24S 54 S 14 19S 200 800 "ioo 200 100 200 600 1 43S 143S 143 H '80 200 8S 8S 1 60 141 S 14TS ltT 60 34 S 63 S 61 S AS 2.800 4 A3 S JOO 62 S 62 S 2.100 56S 56S 100 108 S 106 S 196 40 A, 400 101 S 100 64 S 100 s '4S 1.100 1.100 1.400 8O0 20 KO0 11s 13 33 "A S3 IDS 02 1S 12S 32 S3 19S 61 S 101S 110S 64S 26 49 S 11 12S S3 83 1S 800 81 S 3O0 1US 110S 110S 94 61 S 61S 11 48 8 43 41 80S 18.1 .MS 25 S 5 141 85 9T 9SS 9 99 Santa Crux Portland Cement S7S Sound Rubber com 60 Second N. W. Finance Units. 2.1 Sperry Flour Mills com..;... 48 s do preferred '. . . 95 Superior Portland Cement... 8.1 Todd Shipbuilding 73 Union Oil Calif 160 do Associates ............ .163 Utah-Idaho Sugar . 2S Washington Brick. Lima & S. W. P. pfd 45 western Auto Farts com., do preferred .- Western Auto Supply Western Bond A Mtg, com. 95 West. States Finance UniU. 45 Zellerbach Paper com. .... do preferred Bonds Albers Bros. 7?4s. 1942 Asso. Oil 1st mtg. Ss, 1922. do 1st ref. 5s. 1980 Bwy.-Tamh. Bids. TSs. 1923.100 do TSs. 1926 101 S California-Oregon Power 6s. 97 S Fed. TeleRraph 7s. 1923-27. S5 Gen. Petroleum 1st fntg. 7s,.102S Homo Tel. & Tel. Spokane. 1st mtg. 3s. 1936 92 Idaho Power 1st 5s 90 N. W. Blec. 1st mtg. 6s: 1935 98 Oregon-Calif. 1st fis, 11(27... 87S Oregon R.R. & Naifc 4s, 1946 7.1 . O.-W. R.R, A N. 1st 4s, 1061 6.1 Oregon El. 1st mtg. 5s. 1935 AO Owl Drug Co. 60 notes 93 Pac. Power A Light As. 1930 90 do SS, 19341 vi. .1414 Pac. Tel. A' Tel. As. 198T. do 5s, 1942 do As, 1952 Port of Astoria As. 1925.. Portland Gas Coke 5s. 1940& Port. Gas Coke 6s, 1940.. 90 ' do 7s. 1940 102 H do As, 1951 : 90 P. R. L. & P. gold &r- notes. P.R.L.A-P. gold & notes.1926.100 do TSs, 1946 102S , do 1st ref. 5s. 1042... 87S do (C. A S.) 4s. 1930 S3 do Osn. Blec. 5s. 1935 87S S. Pac. 1st ref mtg 4s. 1955 . 89 do 20-yr conv As, 1934 84 ?. P.-Cent. P. Stic col 4s. '29 74 Sperry Fl Mllla 1st mtg 6s34.102S Santa Crux Port. Cement 6s. 96S Union Oil Calif 8s 101 Wash.-Ida. W.L.AP 6s. 1941. 35 -Willamette Val Sou As. 1937 8T 9T 93 92 95 92S 1.00 40 52 S 100 90 SO 165 16T 5 ' 25 '. 9 50 15 110 , 85 96 .100 101 S llrOS 100 101 vi J02S 1O0 nr. 103s 93S 93 14X) 80S 7TS 70 60 . 7H - 91 10.1U 98 S . 94 93S 98 m mm 91 lo.l 92 103 105 90 85 89 S 90 . 87S 76 103 s 100 102S 43 90 . Mining Stacks at Boston. Mining atock quotations at Boston fur nished by the Overbeck & Cooke com pany of Portland: iia. Arizona Commercial w..' 8s Adventure 60 Algomah . 40 Alioaez Arcadian 100 43 S 204T- 31 100 1S.1 3M1 51 S 700 14 S 100 8 43 S SO 18.1 51 1, 1S Liberty Bond Quotations. . Liberty bond and victory note quota tions furnished by the Overbeck A Cooke company of Portland: Closing Open. High. Low. bid. 100.98 101.06 100.08 100.96 101.14 100.44 101.80 101.86 IOI. 24 101.2 100 30 100.38 100.50 100.34 100.50 100.56 100. AO 100.54 101.28 101.30 101.28 lot. 2 100.50 100.50 100.48 100.AO 100.88 IOO B0 100.88 100.88 Liberty SSs... Liberty 1st 4s. . Liberty 2d 4s. .. Liberty 1st 4Sa Liberty 2d 4 S s Liberty 3d-4Ss. Liberty 4th i Vic. 44,1, call... Victory 4s Money, Silver, YXc. NEW TORK. Aug. 5. Foreign bar ail ver. oy sc. Mexican dollars, 53 Sc. LONDON. Aug. 5. Bar silver. 35Sd per ounce, iloney, is per cent. Di, count rates, short bills, 2S per cent three months bills, 2 8-16 per cent. Swift A Co. Stocks. Closing prices of Swift A Co. stocks al 1 ntcago were reported by the Overbeck at 4 ooKe company 01 Portland as fol lows: Swift A Co 101 S Swift International 19s L,iDoy, si c.eii & L.lony ibhy. McNeil A Llbbv (new! 7 ,tuonai ieatner TS Pacific Northwest Stocks and Bonds. Quotations On leading ilncka And hnnHi of the Pacific northwest. ftirnlahkH hv Ionian. entwortn at tjo. or Portland. Bank stocks Bid. Asked. 210 175 190 215 100 3.10 175 104) 17.1 1 6.1 1.17 S o4U Bank of California. X. A. . .202 Citizens Stale Bank 1.10 Canadian Bank of Com ISO First National Bank 200 Hlbernla Com'l. A Sav. B'k. 175 . .300 . .150 . . 90 ..150 . .140 . .125 . .320 800 4110 8,800 200 94)0 210 A. 214) 1.2O0 1.400 l'.etnn 8110 800 IS C2S 31 S 48 S 741 T3S 48 1)2 S 4S 30S 47S 69S 73 47 S 92 S 4 29 S olS 47 5, 69 S 73 S 30 4s 2S 4S 1.400 400 .100 Corn Prod do pfd... Cosden Oil C R I A P. do B pfd. Crucible ... do pfd... Cuba I'm do pfd . . . 1'iibtri Amn Sur 2.500 Del A Hudson... 400 1 Dome Mines Del A Lack psvison Cham.. Undicott Johnson Erie do 1st Pfd Elec Sir Biy . hamous Players.. Fed Mln A Smlt do pfd . 4.200 111S 110S IOO 118S 11SS 1.2IM) 44 S 43 S 1.400 124 S 124S 124S 200 an S 36 S 3d S AS 76S .' 19S 111S llS 44. 43 S 96 8'l S 92 S 92 S 16S 4"V, 27 S 126 30 129 48 82 ITS 2S 46S 84 93 S 1S 40 s 27 S 6 SOU 31 14VO 129S 4M 4H 1O0 2.3O0 I..IOO 200 TOO IOO .IOO 100 sis ITS 26 S 4S 84 S .4 . . 53 S 12S 44 S 'm' 92 S 'ins 40 s 27 S 126 31 129S AS 81 S ITS 26 S 4S S4S ' 4S 12 A3S 12S 1.600 "800 'if) "siio 2.04o 100 AOO 'inn 200 2011 300 100 Flsk Tire. Oen Cla-ara .... ien Flee ...... Gen Alotor .... do A 4 Oen Asphalt .. Goodrich tllldden Paint.. Granby Great Nor Ore. do Pfd Greene Cananea. . Cult S Steele... Glen Alden Houston Oil .... Hupp Motor .... Ills Cent Inspiration Int Agr Corp cm . ao Did Interboro ....... do nfd Interstate Cal'an Int Harv do pfd Int Merc Marine l.son do Dfd l.lno Int Nickel 400 Iut Paper do pfd Invincible Oil... J. Son I. land oil Ao0 Jewel Tea K C Southern K C 80 l'd. Krlly-Spgfld ... K enneoott . . . . . Keyatone Tire . Lack Steel .... Lee Tfre Lehigh Valley. Lorlllard Loew Theaters . I. A N Mex Seaboard . Max Motor "A" do "B" May Stores Mex Pet 4.8O0 173 S 1T2S Miirni 13 "tos 'ii's' -4)S 84 S 30 S 83 "ta" ITS IS 8S 8 MS 66 S 17S 13S TOS ii" 441 S 84 3ns S3 75S ITS IS SS 8 MS 6.1S 1T14 AOO ino 200 TOO B4V) 12S S 26H 5T 44 36 S 9S ino T7 IOO '4 1.4O0 m S IOO 1A4 t.4 IAS .100 ia.i 9.000 24 2141 59 S , 44)0 19 S Mid St Oil l.AOO 12S 12S 1 id vale Steel ... 2041 34 34 M K A T wl .) ISS 18S do pfd Mont Power M-nt Ward A.AOO 24S 23S Mo Pac 1.0OO 28 S 22S do pfd 1.0OO ATS' 56 Maraud Oil .... vo 8S SH Mart A Perry. . . 1O0 29 29 Nat Enarryal . . . . . . T?" 1T9S 13S 81 TOS 36 s 14S 29 S 40 84S 30S 82 S 5.1 75 ITS loss 4S 8V 88 1 SS 8 103S 116 13H AS 17U 54 vl 85 12S IT 26 S AT 43 3-.1S S TA 28 6.1 S 164 IAS 133 S 134 S T2S 22S 59 S 58 S 19 S 19 S 120S 172 S 29S I2S 34 18 4IS 72S 24 S 23 S AT 8HS 29 A5S 100 3. 1., 5S 85 13S 83 92 95 53 87 94 10 50 SO 88 40 ' ..300 .. 23S . . 4.1 .. 20 ' .. 11 ..123 ...10 . .105 7 . .510 .. 15S .. 12S 12S "26S A7 4.HS 85 77 28 6SS 184 16S Iidd A Tllton Bank. Livestock state Bank . . Lumbermens Trust Co... Multnomah State Bank . svorthweatern Nat. Bank Peninsula National Bank U. S. National Bank Public utilities Boise Gas. Lt. A Coke. nfd. Calif. A Oregon Power com. do pfd Federal Telegraph .'. Idaho power pfd Northwestern Elect, com... do 6 pfd do 7 pfd : Pacific Power A L. 7c. pfd. Pac. Tel A TeL com. do pfd Port. Gas A Coke 7 pfd. P. R. U P. com do 1st pfd do 2d pfd do Prior Pref. pfd Puget Sound P. A L. com.. do pfd IOO Tacoma Gas A Fuel com.... 2S do pfd 25 Washington Water Power... 98 Insurance stocks Flremens Fund Home Fire A Marine..... Montana Fire ............ Montana Life New W orld Life . .-. Northern Life Occidental Life Oregon Surety A Casualty Pacific States Fire Pacific Mutual Vulcan Fire Western 6tates Life Lumber and pulp stocks Arctic Construction 37 S ienurai i-oai at t-oae com... 71 do pfd Crown Will. P. A P. com, do pfd do pfd. B Hawley Pulp A P. (ex-dlv).210 Multnomah L. A Box com.. 40 do 10":4. pfd S7S Oregon Pac. Timber 2d pfd. 2 Oregon Pulp A Paper com...l02S r do pfd 97S Peninsula. Lumber pfd. 9.1 Tum-A-Lum Lumber com... 75 do 8 pfd 95 do loci pfd IOO Washington Pulp A Paper.. 4.1 Weed Lumber 140 IVeyerhacueer Timber 350 Yaquina Bay Lumber com.. .. do pfd .. Miscellaneous stocks Aero Alarm com.........'... 1 do pfd 4 Alaska Packers Alaska Steamship ... Alaska Pet. A 4:oal....... Albers Bros. com.......... do pfd American Chain com.. do pfd American Nitrogen com. .. do pfd. Amer. Type Founders com do pfd Centennial Mills . Coast Tlra com. . , Coast Tire pfd. ... Connor Co. Syrup. Dennos Food , Donny-Renton Clay A Coal Dollar Mem,h!p ......... Durant Motors Calif. Fairbanks Morse com. ... do preferred Federal System Bakeries. Fidelity Secusity Corp Fisher Flouring Mills pfd. Flelschmann Co. pfd. ..... Foster A Kleiser Dfd General Petroleum 00 m. do preferred . . . . 78 ..400 95 90 ...!.. ..120 . . 75 . .10 .. 40 .. 78 . . 95 . . 95 . . 8 15 43 8.1 ..110 .. 4S .. 4S .. 50 .. 4 . . 20 . . 30 . . 10s .. 4TS .. 92 .. 3S 9T 97 .... T3 ....103 . .100 Goodyear T. A R. pfd. Calif. 75 Gralon A Knight com....... AO do prefeiTed 90 Great N. W. Livestock Units 60 Hsrtman Co., J. L. pfd 80 do redeemable pfd 8.1 Holt Slfg. 1st pfd 85 King's Food Products UniU. 40 Lilly. Chas. H. pfd 85 Luckel. King & Cake Soap.. 110 Oregon Portld. Cement, com. 44) do preferred 6.1 Oregon Worsted Mills 75 Pacific Alaska Navigation.. AO Pacific Car A Foundry 72 S Pacific Coast Biscuit 110 Pacific Coast Co. com 11 do 2d preferrcw.t. 20 do 1st preferred SO Pacific Portland Cement ..90 Palm Olive Co. 7 pfd 90 Paraffin Co. com 9 do preferred 75 Portland Feeder Co 81 Portland Vegetable Oil 85 Refrigerator Car Equip't... 20 Held Bros. com. 90 do preferred 85 Samson Tlra A Rubber. 2S 40 5 - 90 6S 9,1 "15 90 16 97 S no 88 S 9? 13 55 85 92 45 105 5 35 103 . 322 ' 26S 53 25 11 V 140 150 11.1 8S. 600 16 15 42 S 82 83 IOO 100 " fin tw 5 110 103 105 8.1 I03 110 5.1 150 425 3 30 140 85 .13 50 S5 100 103 12 95 125 5S 5S 65 7 40 40 12 52 S ' 97 6S 100 102 103 85 105 105 80 55 97 70 90 93 90 60 90 124) 50 80 90 A3 77S 130 13 2.1 40 93 97S 15 80 100 95 2.1 85 90 A Bingham Mines . 1 A Ariz . . . . Calumet A Hoc la New Corn . . . . Centennial . ... Copper Range . Davis Daly . . . . . East Butte .... Franklin Mining Hancock . ...... Helvetia Island Creek...., Keewanaw . ... Kerr Lake ..... Lake Copper ... La Salle , Michigan , Mohawk ....... May Old Colony Mason Valley .. North Butte Xlpisslng .' , North Lake Old Dom Copper Oseola Mining ., Obljawa Quincy Alining .. Pond Creek ..... Isle Royal ...... South Lake ..... Supp Boston ..... Uni Shoe Mch ... do pid ....... South Utah .. Superior Copper . hattuck Trinity Copper .. Tuolumne- . .... Utah Metals . . . Utah Con U S Mining ..... do pfd Utah "Apex Ventura . Victoria . . Winona . . . Wolverine . Wyandott . ... 3S ... 14S . .. 60 . ..2R5 ... 1S ,.. 9 ... 42 S .. TS ... 10s ... 2S ... 2 .... IS ..104 .. 2S .-. '3S ,. 4S . .- 1 .. 2 .. 60 .. 4S .. IS . . 12S . 5S . . '30 25S . . . 36 .. 2S .. 43S .. 20S ... 24 45 .. IS .. 39 .. 26 S .. 8 .. 4S 9S 2 1-16 70 ...1 1-16 ... 2S .. 41 ..48 .. 2 .. 29 S ..1 15-16 .. IS .. IIS .. 60 Ask. 9S 80 50 2T 3S 14 61 2S9 19vi 10 43S 7 "A 10s 2S s IS 104S 3 4 41 IS 3 100 3 ' 2.S 12S 5S .10 26 36S 3 44 21 23 47 IS 39 S 26S 10 4S 10 s 2S 74 IS 3 42 48 S 254 29 S 2S 1 . 12S 7o ?Mi'T5tvtf,if fUia-wli L" a- sir H,i ill VA VA III i-S t I S !raHisi w; S i- .. :mi?l. Ah r t , sat1 Wells Fargo Building The First Mortgage bonds on the Wells Fargo Building offer a con servative, . secure investment for your idle funds, secured as they are by a building and property appraised at over $1,327,500. The bonds are in convenient denom inations of $100, $500 and $1000, and. mature serially from 1923 to 1937. We offer these bonds with our rec ommendation and will gladly furnish additional information upon request. Blyth. Witter & Co. GOVERNMENT -MUNICIPAL CORPORATION BONDS FOURTH AND STARK. PORTLAND - BROADWAY 8481 San Francisco Los Angeles New York Chicago SeaiUS Portland WEEK CLOSES WITH FEELING OF CONFIDENCE. - Foreign Bonds. . Furnished by the Overbeck company of Portland: Belgian rest 5s... do prem As..... do 7Sn , do 6s British As do 5s ' do 5s .......... do Vlo 4s do ref 4s U. K. A.Ss dD-sm do ASs Bordeaux 6s ..... Canadian Aa ..... do 5Ss ........ do ASs do 5s .......... do 5s ... ...... . Chinese As Chile 8s French 4s do 3s do 5s do TSs do 8s dermal W. L. As. Berlin 4s Hamburg 4s do 4Ss ........ Leipslg 4Ss do ns Munich 4s do 5s Frankfort 4s Italian As Japanese 4s ...... do 1st 4 s s do 2d 4Ss... ... Norway 8s Denmark 8s Russian SSs ...... do 5Ss ..r do 6SS Sao Paulo 8s...... Swiss 8s .......... Brazil 8s do Ts Denmark 6s Dutch E. lnd. ba do 6s & Cooke Bid. Ask. 1919 70 73 1920 74 77 1945 10.1 S 106 1925 100 ' IflOVi 1922 91 95 1927 94 9S 1929 93 97 1919 84) 82 1919 77 78 1922 109 109 "s 1929 109S 109 S 1937 104S " 104S 1934 82 S 83 S 1926 9S 99 1927 98 S 100 1929 102S 103 1937 99 100 1931 90S 99' 1951 53 54 1941 102 103 1917 50 52 11)20 73 75 1931 61 - 63 194t 99 994 1945 100 100 S 1 1 1 2 1 i '1 2 .... 1 2 1 2 .... IS- 2S IS 2S IS 2S 1918 35 36 1931 78 78 s 1925 93 - 93S 192.1 92 93 1940 110 111 1945 109 S 110 1921 14 18 1928 2 4 1919 14 15 1936 104 101 1940 119 119S 1941 1O0 1O0S 1952 91 91S 1942 - 9SS 99 1962 94S 95 1947 94S 94S ex-ca- banks. cables, cables, cables, cables. Foreign Exchange. NE7W TORK,' Aug. S. Foreign change firm. Great Britain, S4.45S bles. 4.45S; 60-day bills on (4.43S- France, demand, 8.19SC 0c; Italy, demand. 4.62Sc: 4.63c; Belgium, demand, 7.75c; 7.76c; Germany, demand, 0.13c; 0.13Sc; Hollardt demand, 38.65c; cables. 88.70c: Norway, demand. 17.15c; Sweden. demand. 28.10c; Denmark,, demand. 21.50c: Switzerland, demand. 19c; Spain, demand. 15.50c; Oreece, demand, 2.90c; Poland, demand, o.oisc; Cxecho-Slova-kia. demand, 2.46c; Argentine, demand. 3637c; Brazil, demand, 13.70c; Montreal. 'c. , Increase In Excess Bcaerves. NEW YORK. Aug. 5. Tha actual con dition of the clearing house banks and trust companies for the week shows that they hold $50,821,910 in fKcess of legal requirements. This Is an Increase of fll. 197.450 from last week. Chicago Oil Market. (Bv Chicago Tribune Leased Wire.) CHICAGO. Aug. 5. Gasoline tank wag- on.. 21c : , eervtce statlone. 2dc; machine. 27. 9o. Oils: Summer. 11.4c: winter, 11.9c. Carbon: Perfection Iron barrels, 10Sc. Linseed oil raw. 1 to 4 barrels delivery, $1.03: boiled. tl.OS. Turpentine. 1.40. Denatured alcohol, 40c Cotton Market. NEW TORK, Aug. 3. Cotton futures opened steady; October, 21.25c; Decem ber. 21.20c; January. zl.OBc; Marcn, 21.04c: May, 20.93o bid. Cotton futures ciosea oareiy steady; October. 21.10c; December, 21.12c; Jan uary, 21.oe:' Marcn. si.twc: tviay zu.wtjc. Cotton, spot, iuiet; miaanng. 21.doc . Sugar Market, SAN FRANCISCO. Ang. 6. Calif ornla- Hawalian raw sugar. 5.34.1c. Prices at Finish Generally Show Gains and Belief Is Crisis , Will Be Averted. BY ALEXANDER DANA NOTES. (By Chicago Tribune Leased: Wire. NEW YORK. Aug. 5. So far as their action of today was evidence, tho finan cial markets .ended the week with, a feel ing of confidence that tha Issue of tho Impending conterences, on our own iii deadlock and on the German repara tions, will avert the much predioted cri sis. On the stock exchange, notwith standing the usual tendency of a week end market to run counter to the gen eral movement of tho week, prices ad vanced again, the railway shares lead ing the moderate recovery, and with closing prices quite generally at the best. Comparison of values for the com pleted week would not suggest to the casual observer a period of doubt and apprehension. . Net advances-of 2 and 3 points were numerous and net declines so few as hardly to count in the reck oning. , . Today's attitude of tho stock market waa naturally taken in connection with tho intimations from Washington that labor leaders were again in conference with the government. The firmness which, prevailed in foreign exchange rates (except in the German mark) also was equally interpreted in line with the much calmer and more conciliatory dis patches from Parts. An advance of Sterling to a rate touched only on thres days during the past six weeks was perhaps a logical response to the chan cellor of the exchequer' positive -restatement of bis government's purpose to resume Interest payment on the debt to our treasury. Standard Oil Stocks. Bid. Anglo .' .38 Borne Scrysmer Buckeye Cheeseborough do pfd ....... Continental ... Crescent .. Cumberland ... Eureka- ....... Galena com .... do old ptd . do new pfd ... Illinois Pipe ;.. Indiana Pipe . , Nat' I Transit ... N Y Transit ... Northern Pine . Ohio Oil Inter1! Pete .... Penn Mex ..... Prairie Oil Prairie Pipe Solar Ref rig ... Southern Pipe . . South Penn Oil S W Pen Oil . . . S O Kansas .... S O Kentucky .. SONY SO Ohio do pfd Swan & Finch . Vacuum Washington ... S O Nebraska . . Imperial Oil . . 400 93 190 108 , 132 31 135 , 88 51 , 10S 101 ISO , 89 ..163 . . 98 ..275 .. 20S .. 25 ..565 . 250 ..33.1 .. 93 60 ..630 . . 95 .418 .453 ..116 ..32 ..420 .. 24 ..175 ..110 . ...... - Aked. 19 S 415 95 200 111 135 33 140 90 53 112 ,. 105 162 90 27 167 100 277 . 21 30 673 254 345 94 212 62 A40 96 422 465 118 35 424 28 185 112 CATTLE BUSINESS IS ON MEND Industry at Bottom o'f Depression and Upward Tread in 8igbt. SAN FRANCISCO, Cal.. Aug. 5. The cattle business has reached the bottom of a period of depression, and the next seven or eight years should see an up ward climb in prices and profits to cat tlemen, according to a survey of tha his tory of cattle production made by the California Cattlemen's association, which predicts that relatively high prices will ba reached again in 1930. The association believes that the short- Stocks - Bonds Foreign S2curities fiJUNHAMsgo sv Investment Securities 43 Exchange Place Nei York IE aj 5V2 fo . Money to loan on West Side Business Property v L. M. Phillips & Go. Northwestern Bank Building. Phone Atwater 5510. se of cattle will keep up the price of breeding atock, and that with the in creased' demand for meats expected to result from the organization of . meat councils in large cities and from the ad vertising of meat by the National Live stock and Meat board thpre will continue to be a real shortage of beef. Beef prices were high in 1871. 1S8S, 1900 and 1919, and low In 1ST7. 1895 and 1909, the association reports, making reg ular fluctuations In periods of 15 years. ; Consequently high prlcea are predicted for 1930. . Seize the moment of Opportunity! The further we get away from the war the more difficult it becomes to acquire bonds of unquestionable security of basic industries to yield 7. We have ready for immediate deliv ery bonds of a new issue similar to others that, are now selling on the market at prices around 104 to 105. Write today for detailed . inf ormatio'n, youH be nnder no obligation. FREEMAN, SMITH & CAMP CO, Lumbermens Bldg?., Portland. Please .recommend an investment for me of about I can make an initial payment of about Name. Address. We Will Buy 1 0 Albers Bros., com. 25 Albers Bros., pfd. 20 Fidelity Security Corp. $1000 Oregon Elect. 1st mtg. 5s, 1935. 25 Oregon Portland Cement, pfd. 1 5 Oregon Surety & Casualty. 25 Oregon Worsted Mills. ' 50 Pacific States Fire Ins. $5000 Portland Flour Mills 8s, 1936. We Will Sell 100 Dennos Food. 50 J. L- Hartman Redeemable, pfd. 25 King's Food Products Units. 10 Lumbermens Trust Co. 10 Peninsula National Bank. 50 Peninsula Lumber, pfd. . 40 Portland Gas & Coke. 7pfd. 100 Portland Vegetable Oil.- 45 P. R-, L. & P., prior preference. 75 Western Bond &Mortgage." Anyone wishing to buy or sell the above securities will find it to their advantage to consult our price list. JORDAN-WEHTWORTH & CO. Stocks and UondN. 201-3 Ry. Ei. BldR. Phone Broadway 4725. OVERBECK & COOKE CO. . Brofters, Stocks, Bonds, Cotton, drain, Etc 416-17 BOARD OF TRADE BUM). Walla Walla, Wash. Portland, Or. j, Fendleton, Or. ' MEMBERS CHICAGO BOARD OF ' TRADE. Correspondents of Iopan & Bryan, Chicago and New York. MEMBERS w Tork Stock Exchange. ' Chicago Stock Exchange. . Boston Stock Exchange. Chicago Board of Trade. ' New York Cotton Exchange. New Orleans Cotton Exchange. New Vork Produce Exchange.. - Winnipeg Grain Exchange. Liverpool Cotton Association. - PARTIAL PAYMENTS The Best Way to Buy Good Securities on Convenient Terms Send for free Booklet BC-2 which explains our plan and terms. JAMES M. LEOPOLD & CO. Kstabllnhed 184 Members IV. Y. Stock Kxchannre 7 WALL ST. KEW YORK SUCCESS In the Stork Market FORTUNES Made From Small Investment Write for Free Booklet. The Mont Simple Explanation of Profitable htock Trading:. We fruarantee you that your money in safe and that you get a square deals KENNEDY & CO. 74 Broadway, New York Members Consolidated Stock Exchange. Fhon your want ads to Tho Ore Ionian. Ma-in 7070. $6000 Wanted On centrally located Improved busi ness property here which recently sold for $20,000, by a client whose net worth Is many times the amount. A. A.' BELLMAN, Klamath Falla, Oregon. GERMAN BONDS AND MONEY Bought and Sold TRANSATLANTIC ESTATES & CREDIT COMPANY. 210 Exchange Bids 2d and Stark,