It,
THE OREGON DAILY JOURNAL, PORTLAND, OREGON
TUESDAY, MAY 3.
I'inni fm MiiK
IIUUL.L.M IIIILL.U
PLANTS EXPECTED
; Portland will have in operation in
a few days -the only United States
government . licensed wool ware
house -in the west and the largest In
the entire countr.
Its operation and the issuance by it of
standardized receipts for wool on a grad
ed basis will make it possible for the
warehouse company and ' for banks to
finance the wool clip and to rediscount
loans at the federal reserve bank.
Western growers would be enabled to
store and market their product according
to the demand, and to scour. Western
wools,; reclaiming the valuable by-products
and shipping only the pure wooL
These were t statements made this
morning by II. K. Hoi man, Jr., espert
for the United States department of agri
culture;! - who ' came to Portland from
Washington, D. C, to pass on the huge
wool warehouse and scouring mill of the
Western wool Warehouse, which Is now
being completed at St. Johns.
Hoi man said that the establishment of
the big plant meant that the first step
had been taken toward the Inauguration
of a tremendous textile industry in the
West.
"As a result of. the warehouse here be
ing licenced and bonded by the govern
ment, you will find textile industries
growing all over the West, for by the is
suance of the graded receipts represent
ing collateral of a known value, banks
will be able to finance the wool so stored.
This will make it possible for textile
plants to operate on smaller capital with
the assurance of being able to obtain ex
act grades of wool,'! he declared.. ,
"In fact. In my belief, the establish
ment of this plant goes even farther, and
the day Is not far off when you here in
Portland will be manufacturing the raw
wool products of the Orient."
New Corporations
File at Salem
Salem. May 3. The Beers Pipe Bend
ing Machine 'company of Portland, capl-
talised at $100,000, filed, articles of in
corporation with the state corporation
department here Monday. The Incor
porators are H. H. Kuhn, W. .H. Beers
and 1 E. Crouch.
Articles were, also med Monday by
the following:
J.- K. .manufacturing company, Port
land. 95000; Daniel S. Kline, William
1 James and Christ T. Uglesich.
Geneva Realty company, Portland.
$6000; Fannie Gong, Geneva Gong and
George Gong.
A certificate filed by the T. H. John
son Building company of Portland
shows an increase in capitalization
from $3000 "to $100,000.
List : of Slackers .
In Multnomah Bead
To Post of Legion
Heading of the slacker list .for Multno
mas county created no littte interest in
the closed meeting of Portland post of
the American Legion Monday night in
the club rooms. Prepared by the adju
tant general of the state, the list was
read before all members in good stand
ing to prevent any error by ; naming
those who were In service. The list was
confidential and is not ready for pub
lication. ' j -i "Jr-
i Despite the care with which the rec
ords had been searched names of men
were Included who had seen service and
lots of it. On the other hand few of the
draft dodjrers were left, off and in the
llst'were the names of many well known
men of the county. Cheers af approval
greeted the names of those whom the
letonairres had a , ''sneaking idea"
should be listed when f the names . were
officially read off. ?t ! -
A touch of pathos was given the read
ing when Jane V. Doyle objected to the
reading of one name, 1 The name was
that of a. lad who had recently died of
wounds received in the service. Through
Borne error it had been Included among
those .who- evaded the responsibilities of
citizenship. ' : ; i r ; t
Other business of importance ' con
ducted was the nomination of fhe dele
gates to the annual convention it-Ku-jrene
and requesting, legion members to
register for the special election in June.
Armei Argentinians
Gather in Camp to
A t tack Anarchists
Buenos Aires, May 3.-IU. P.) Sta
tioned in an armed camp. 5000 members
of the Argentine Patriotic league to
day awaited demonstrations by anarch
ists at Gualeguaychu, in the province
of Entrerlos. i t 4
i Fighting broke out on May day when
anarchists charged a i patriotic parade
in that province. I In the revolver fight
ing and knifing ! which followed, five
persons were killed and 2g wounded.
t .
Boy Reported Missing
; ? nrron rit v. Mav 3. Max Nutten-
bergej-, young lad of- Beaver Creek, has
been reported missing . from his home.
The boy, who is 15 years of age,
started for Oregon City Sunday, in
tending to fish tor salmon in the Wil
lamette river here, but had not re
turned up to a late hour Monday
night when the report reached the
sheriffs office. Effort is being made
to locate the boy. He was wearing
blue overalls, a mackinaw . and cap
when he left home. . j
Mosey and Exchange'
- Ncw'York. May 3. (I. N. 8 Y- Cll monej
on the floor of the New Tork Stock. Exchange
today ruled at 7 per cent; high 7 per cent;
low 6 per eent Time money was steady.
Bate were H7 per cent,- The market for
prime- mercantile paper was ateady. ''all money
in London today was 4 per cent. Sterling ex
chance was steady with bn&ineaa in bankers'
bills at S3.07H- for demand.
THE UNITED STATES SHIPPING BOARD
EMERGENCY FLEET CORPORATION
4 Invites Tenders on -
Rubber, Rubber-Lined and Unlined Linen
- Hose.- ' 'K
Sealed bids will be received until May 9. 1921, 2:00 P. M., and
will then be opened and read publicly in the office of L.I Van Middles
worth, Manager Purchasing Department, Division of Supply and Sales
, (Room 353), 1317 F St. N. W , Washington, D. C, for furnishing
; RUBBER. RUBBERrLINED and UNLINED LINEN HOSE in such quan
tities as may be erquired for a period of four (4) months from June i,
t92t. for use of all ships operated - by or for the account of the'
UNITED STATES SHIPPING BOARD EMERGENCY FLEET CORPORA
TION, at the following ports: i i
BOSTON
NEW YORK
PHILADELPHIA
BALTIMORE
NORFOLK
SAVANNAH
NEW ORLEANS
SAN FRANCISCO
PORTLAND, OREGON
SEATTLE j
Proposal forms and other information may be obtained from Man
ager Purchasing Department, Division of Supply and Sales.
The Board reserves the right to reject any and alt bids.
Sealed bids should be addressed to L. Van Middlesworth, Manager
Purchasing Department, Division of Supply and Sales. 1317 F St. N.
W.V Washington, D. C, and endorsed: "Sealed Bid for Rubber and
Linen Hot. 'Do Not Open Until May 9, 1921.' " j
An Alpine Mirror
SET IN THE SILVER AND JADE OF SNOW
CLAD PEAKS AND GLACIAL WATERS.
WAITING FOR YOU AT
LOVELY LAKE LOUISE
sp'.,::r - IN 'THE.-: ;J -l r:: : - j : ' ': .
CANADIAN PACIFIC ROCKIES
, ' ' V , v
WALK OR RIDE THE MOUNTAIN TRAILS.
. INHALE THE GLORIOUS AIR-THEN COME
BACK TO DINE AND DANCE AT THE CHA
TEAU WATCH THE MOUNTAIN SUNSET
REFLECTED IN THE DREAMING LAKE
AND. BE GLAD THAT YOU PLANNED SO
PERFECT A VACATION.
... AND LAKE LOUISE IS ONLY ONE OF NINE I
ALPINE RESORTS BETWEEN VICTORIA,
B.C. AND BANFF. EACH WITH A HOTEL.
CHALET. OR BUNGALOW CAMP i i ;
FOR FULL PARTICULARS WRITE. TELE
PHONE OR STOP AT THIS OFFICE OF THE
CANADIAN PACIFIC RAILWAY f$
E. E. Penn, Gen. AfU Pass. Dept. ' : ' fr'
M fa eiM Kailwaw - 111
55 Third Street, Portland, Ore., Sss'
INFORMATION
ON CANADA
AND CANADIAN
NEWSPAPERS
ON Ft UK
Vur V-lr. Mav 9. ff.: N. fel Th
utrw-lr marlipt olosfd irrpETilar tori a v.
The market - showed an irregular tone
in the late dealings. U, 8. Steel wae
maintained around 84. with small
changes in the other steel Industrial.
Atlantic Gulf yielded, one point to 41.
American International - broke from : XZ
to 50. Mexican Petroleum sold down
to 147. compared with the- morning nifrn
of 151. 8tudebaker hunff, around 8S7fe.
Reading dropped over one point to
tiovernment bonds unchangea ; ; rail
way and other bonds steady.
Total sales 999,100 chares; bonda $12,-
334,000. . ,
- Tork. Mar 3. (I. K. S.) Stocks
continued in good demand this morning
and the market was firmer witn traaing
broad. : - : ' .:
Attn? th Btart market mewnepta wro irree
jalar and there was tome indkn tht pwto
wl-icb had wn acu in peciaii5 ior
day, had taken advantage of an inereaaine de
n.aml and reafixed profit on wrenil lines f
Ktorka Tbee Indiraitions wwa moot pronounced
in OwdeM. whb-h sold down in 31 , t low ot
about fie points from ita recent hich. and Stndc
hakrr. which, in steady supply, dee'.ined to.SSVi.
Koysl Injtch was in demand, artianrinz t
A H and funeral . Asphalt oer -wo point tc
7. . Keystone Tire wa in snppiy ana ivetu
Pprincfield. after opening up 14 to- SI, dropped
to 49. .... ' ... ... ' . : . H
The marine bwti were actively tradttd in. ma
rine preferred adTaneins; to 57 and Fniifd
Fruit advanced 2 to 118. Tnited States
Steel was in steady demand, raovinz r H to
K4 . Corn Producta was active, adrancins 1
point to 76. '
Although many storkn showed 1osm rtannr Jie
first hour, at the end of that period the market
trne became . strons and vigorou, ndvances oc
curred in the important issue. United States
Steel waa hrtisht on a lane scale, sdvancinc to
84, a rain of, and BethJekem Steel B
after reacting to 30 , moved up to 61 H.
American Internationa 1. which -old down to
SOU. had a brisk demand to 53 and Atlantic
Gulf ransed from 39 to 41.
There waa heavy tradmc 1n Milctn l-ttro-leum,
which fintt advanced to 151 and then
yielded to 14Si. tudebaker. afer its de
cline to 88, recovered all of ita los-- Fierce
Arrow, after yielding to 40. moved up to
42. ': Reading was the only active lailroad
stork moving UP one point to 74 .
Furnished b Overbeck & Cooka Co., Board
of Trade building: '
BIG POOLS APPEAR TO HAVE BEEN TAKING THEIR PROFITS
ERRATIC PRICES
N OTOUR ET
Sales.
500
2500
500
600
1600
600!
1200
2200
400
2200
300
20600
2400
520O
!0700
700
2000
2000
1500
2i0
' 20t
700
2000
STOCK,
High.
Adams Express. . .
Advance Rum ...
Agr. Cbem.
do nf d.
Ajax Kubher
Alaska Jold
Alaska Juneau . . .
Allia-Chaimers . . .
Beet Sugar. .
Am. Bosch . , . . . ,
Am. Can Co. ... . .
do pfd. . . . .'
Am. Car & Fdy.
do pfd. .....
Am. Cot. Oil.
Am. Drug Synd.
Allied ('hem. ....
Am. H. It Lea..
do pfd. .....
Am. Ice ........
Am. Intl. Corp. . .
Am.' I.inseed ....
Am. Ixxm , .
do pfd.
Am. Saf. Razor. .
Am. Ship tc Com.
Am. Smelter j . . . .
do tifd. ......
Am. Steel Fdy . . . .
Am. Sugar .......
do ufd. ......
1 800; Am. Sumatra . . . i . .
900lAm. Tel. A Tel. . . ,
2B00Am. Tobacco.
9200,
100
2900
1000
41400
7S0O
2O0
14 0O
Wool . . . .
W. I, pfa.
Am
Am.
Am. Zinc
Anaconda . .... . , . . .
Atchison 'a ; .
do pfd. '.
Atlantic Coast Line.
AO. Gulf & W. I. .
Baldwin Loco. . . . . .
do pfd
Balto. A Ohio
do pfd. .
3
40
64
32
84
128
23"
6
46
11
52
53"
47
91
'6
h 11
44
30
90
73"
108
1 23
81
42
82
90001 Beth. Steel
700IB. K. T
4 00 i Butte C. A .
300, Butte A Sup. . . .
2200Caddo Oil. . . ; . .
2200iCalif. Packing...
.... jdo pfd. ..... 4 , ,
lanoiC-anadian I'ac., . .i
46U0 Cen. leather, i . .
2100terrb Ie Pasco..
58110 Chandler Motor..
lUOIChicago A N. W.
300
500
3800
900
2200
1000
Chicaco Gt.- W. . .
do pfd. ......
Chile -Cop. ......
Chino , ,
C. M. St. P. , . . .
do pfd.
1800 1 Coco Cola. .
Sugar
600IO. A O.
200 Colo. F. A l.i
600 Colo. Southern .
800 Col. Gas & Klec.
3900 Columbia Graph.
900 Con. Gas
800 Oontl. Can
lSOOIContl. Candv ..
12100 Corn Prod. ..
do pfd. .....
Cosden Oil
C. R. I. A P
do "A" jfd. . .
do "B" pfd...
Crucible
do pfd. ......
Cuba Cane
do pfd
Cuban Amu.
Dome Mines
D. A R. G. . .
do pfd. . . . . .
Endicott Johnson
1400Erie . .
400 do 1st pfd. . .
do 2d pfd. . . .
4 800 j Famous Players
Fed. Ming. A Smelt)
do pfd. . .
Fisk Tire . .
Gaston Wms.
Kren. - Cigars
Gen. Elec. .
Gen. Motor
. . . . IGoodyear . . .
8700!Gen. Asphalt
9O0 Goodrich .... .
.... jGranby . . . .
400,'Gt. Nor. Ore
39300
600
J00
200
9400
lOO
2000
200
3700
400
103OO
2400
700
100
6600
1300
300
1800
3700
5500
100
600
do pfd,
IGreene Cananea
Gulf S. Steel . .
Hupp Motors . . . .
Houston Oil
nia. Cent. ......
Inspiration ......
Int. Agr. Corp. e.
do pfd. ...... . .1.
Interboro .......
do pfd.
Interstate Callahan.
Int. Harr.
Int. .Merc. Marine.
do pfd. .......
.Mtkel. i . . . . .
Paper
40
48
37" "
fxjw. 1 Bid.
39
".45
'33
38 '"
89
61
31
83
129
"ii
44
11
50
'50
47
90
' '6
10
43
'36
89
"71
107
121
79
42
91
37
i
12
5
15
18
60
112
39
30
84
63
7
17
12
25
26
42
30
62
31
36
CO
88
58
1
76
41
29
300
2900
400
- 700
4 800
leooiint.
SOOOIInt.
3400ilnvinicible OU
2000!L-Und OU ......
1 1001 Jewel Tea .......
2500!K- C. Southern . .
300 do pfd. .......
1 1.900 Kelly-Springfield . .
lOOOiKennecott .......
6000jKeystone Tire
1000Lack. Steel ......
3 00 1 Lee Tire . i.. , . . .
100 (Lehigh Valley ....
500LoriUard ........
IMaekay . 1 . . . . .
300Maxwell Motor. . . . .
30800Mexicaa Pet. . . . . .
1400tMiami .. . . .......
8500IMiddle State OIL . .
12OOMidval0 Steel
200M. K. A T. . ,
100 do pfd. .......
2200iMissourl racific . . .
2200 do pfd. .......
3 4O0 j Mont. Ward
M. 8t P. A S. S. BC.
Nf. A St. L . . , . .
Nat. Enamel . . . . .
Nat. Lead ........
Nevada Con. ......
New Haven ......
Norfolk AW.
9 400 Northern Pacific...
.... I Nova Scotia Steel.
.... fN. T. Air Brake. .
700N. T. Central ...
ttoOIOkla. Prod, ref . . .
SOOJOutario Silver. . . .
. . . . (Ontario A W, . . . .
lOOOiOtis Steel..,..,.
4100 Pacific Oil. ......
4000 Pan. Amn. Pet...
110O fan. Amn. Pat. "B
2500 Pnoa.
4O Po. Gaa
1500,Per Marquette...
500
200
1490
84
20
59
24
19
68
13
19
81
18
1
137
14
'
41
30
71
25
39
15
84
91
37
5
93
15
57
17
65
21
4
11
27 4
60
52
21
17
53
29
60
150
6
151
23
14
29
2
18
88
24
16
41
82
39
89
36
60
11
5
15
17
59
111
88
29
83
6S
7
17
12
24
26
41
28
61
3 1
35
59
8
87
57
1
74
38
28
82
-20 " "
59
23
19
66
13
19
'79"
17
:1
i3i" "
14
'hi".
41
80
70
25
37
15
81
91
86
5
93
IS
53
16
63
20
4
10
26 '
50
49
21
16
B2
28
49
148
s ti
146
23
14
29
. 2 "
18
87
23
'io
39
17
47
73
35
1
38
39
61
31
83
27
11
20
6
3
11
51
57
50
47
90
;ov
0
.10
43
78
30
89
Ql
71
07
122
79
33
9
41
82
75
77
41
90
100
37
49
61
12
5
14
18
60
76
112
38
29
83
63
7
17
12
24
26
41
29
61
30
35
59
'8
87
57
-1
75
103
38
28
73
63
83
84
19
59
23
19
' 1
6
13
19
13
78
7
24
17
12
17
95
74
70
-
13
38
70
6
35
47
18
12
17
95
73
70
-8
12
38
69
62
34
47
18
58
136
14
10
73
41
21
30
70
24
37
15
81
91
86
8
46
I:- 4
12
; ' 5
93
14
55
I 16
04
20
4
11
"1
53
49
21
16
52
28
49
1147
63
5
1146
23
14
28
2
4 ' ,
18
37
2
68
10
61
77. ;
12
16
95
73
85
78
64
4
17
13
88
69
62
35
47
IS
st:K.
'1 High, t t"ow7
. . . . . ll'h)Udelihia Co. . .
1 BOO, Pure Oil........
230!Pierce Arrow. . . . .
HOO Pierce Oil .
1700PitU Coal.
700! Pitta A West T. .
.. . . . I Pressed Steel Car. .
' 20(1; Pullman
1300 1 Ray Cons..
2401 Reading 1. .
r lOOjRemington . . .:. . .
1600 Keplogle j Steel
430IS. Republic LAS.
loeido pfd. .1
" 0Kep. Motors.
960 j Royal Imtch Oil. .
I 20Ry. Steel Hpg....
i. . t S. O. Ind. ......
7906!Kears Roebuck . . . .
20AjShell T.i A T. . .
i 50;8inclair I. ...... .
200)Sloss Shef
ROOojHouth. Pacific . . .
420fliMouth. Ry.
200 do pfd.
r 800 St! L. AS. F. . . . .
2100 Sttomberg Carb. ..
49400 Studebaker ......
4:. . - Swift A Co. . . . . .
; on Tenn.. tp. A Chem.
4800 Texas tKl . . , .
'2600 Texas Pacific . . . .
l2400 Tex. Pic. C. A O. .
' 6700 Tob. Products . -, . .
8 2O0 Tran. Cbntl. Oil...
7 1200 Cnion Oil Pel. . . . .
; 80 Tnion Pacific . . . .
i . . . s. Cnited Alloy . . .. ;
: 200 cnited Orug ......
! 8 1 00 Cnited Food Prod..
2600 Cnited Fruit .
1 .i. United Wds. of N, J.
do pfd. .......
6700irnited Retail Stores!
l5O0C S. Ind. Alcohol.
; 7O0;lT. 8. Rub. . ..
JOO do 1st pfd ......
BOOjC S. iSmelting
30200 U S. Steel
8O0 do pfd.
f 90 CUB Copper . . . .
1800Va. Chem. ......
104 00 1 Vanadium Steel...
2000!Vivandou' ........
100i Wabash!
1200 do A nfd.
..... do B pfd. . . ... .
800 Western Pacific. . .
700 Western Union . . .
200 Westghw. E.AM. .
. . . j . West . Md
1 500: White I Motors . . . . .
lOSOOIWillys-Overland . . .
llOOl - do pfd. .......
, 2 00 1 Wilson Packing...
. . . . (Wisconsin Central. .
200 j Wool worth .......
! 1 3O0jWorthington Pump.
' 700IW A U E
85
42
10
64
28
108
14
75
33
65
21
eo
89
83
47
27
43
76
22
P 56
22
45
90
Standard Oil Stock
10
41
21
28
54
12
22
117
't7
23
113
54
74
78
34
84
108
55
29
88
8
I 7
21
"27" '
90
48
'43
10
42
114
54
9
35
40
10
63
28
102
14
73
.
32
64
2i
68
S9
'kiM
46
'26
43
75
21
55
21'
44
88
" '9
40
21
27
61
11
o
116
06
21
110
. . i . .
52
72
76
"33
83
108
54
27
87
6
T .U.
lis -7
T 4A U.
26
89
48
43 "
9
40
114
53
9
gar
32
35
40
10
63
27
88
102
14
74
33
32
64
91
21
8
89
76
89
46
26
43
75
21
55
22
44
88
100
10
40
21
27
51
11
21
116
31
96
23
110
9
I 21
52
73
76
IOI
33
84
108
54
28
37
7
7
20
13
26
89
47
9
43
10
40
42
33 i
114
62
9
-Closing-
Anglo . . .
Borne Serysmer
Buckeye . . . .
Cheesebrough
dm pfd. L.
Continental
Creseent . ,
Cumberland
Eureka
Galena coin
Galena Old pfd.
Galena New pfd.
Illinois Pipe i . .
Indiana Pipe .
Nat l Transit . . .
X. T. Transit
Northern Pipe) .
Ohioi Oil . . .
Interfl Pete .
Penri. Mex. . .
Praivie Oil
Praiiie Pipe
Soiar Refg. .
Southern Pipe ..........
South Penn. Oil ........
S. W. Penn. Oil
S. O. Calif, j. .
S. O. 1id. .L
S." O. Kansas!
8. O. Kentucky . . .
S.-CL N. T..L .
S. Ot Ohio. pfd'.
Swan A Finch . .
Union Tank
do pfd. . .
"Vacuum '. .
Washington
S. t. Xebra;ka
Imperial Oil
Bid. Ask.
18 18
360 390
82 87
192 205
98 100
121 125
27 29"
135 145
92 94
42 44
93 99
93
174 177
87 83
27- 28
145 150
91 95 ,
310 315
1 8 1 8
29 32
510 520
193 196
410 425
97 99
22H " 233
67 70
77 78
75 75
615 630
405 4 15'
358 860
410 411
35 45
105 108
93 96
305 315
28 32
185 17 5:
97 99.
! w York Bond Market
; ( Furnished by Overbeck A Cooke
Atchison Genl. 4s 76
Bal. (A Ohio Gold 4s 65
Beth. Steel Hef . 5s . . 81
Crnti Pacific 1st 4s. . . i 72
B. A J. Col. 4s 79 H
St. t'anl ;enl 4s... 63
Chgo. N. W. GenU 4s. 74
L. A N". Uni. 4s. 80
New York lty. 5s. 20
Nor.,; Pac P. L. 4sa ......... 74
Reading Genl. 4s -77
Cnian Pac. 1st 4s 81
TJ. S. Steel 5s 95
l:nion Pac. .1st Ref. 5s. ..... 74
Sootihrrn Pac. Conv. 5s. .... 80
Southern Pac' Conv. 4s. ..... 78
Penna. Conv. f 4 ... 85
Peniia. 1st 4 a. 76
Ches. A Ohio Conv. 5s. ..... . 82
Or. Short Lin4 4s. ... , . . 78
Co.l
76
66
81
78
80 '
64
75
80
24
73
'81 H
95
77
!3
78
85
77
89
79
1
2 State Bank Men
Accept Other Jobs
:' . '
A. L. Mofland : has resigned his posi
tion as assistant cashier of the State
Bank of Portland and will immediately
assume the! management of the State
bank of Battle Ground, Wash. W. E.
Smith, another employe of the State
bank. Is leaving the institution to take'
the position of cashier of the American
Security bank of Vancouver, "Wash.
FOR
MAY
Investment
PORTLAND, t to yield about B.80
j $14,500 est Sept. 1, 1927 & 101
'CROOK COUNTY, 6t to yield 6i
I J1000 Dec. 1, 1925 100
YAKIMA CO., Road 6s to yield 6A
$1000 Llune 1, 1922 100
I BAKER. Oregon, 6a to yield 8
I $5000 May 1, 1941 & 100
ASTORIA, 6t to IW4 about 6.07-
i 6.06 - I .......
I $4500 lAugr. 1, 1935 S 99
1000 Feb. 1, 1939 "99
, 2000 ; " 1940 " 99
ASTORIA. Bs to yield about 6 fm
$5000 est. Nov. 1, 1930 89.90(
PORT OF BAY CITY, 6s to yield 6 Vi A
$2000
3000
4000
400
May 1. 1928 97.22
" 1929 " 9B.93
" 1930 " 96.63
1934 " 95.66 , .
1
6s, yield about 6.46.
CASPER,
$6500 est. Sept. 1. 1926 P 97-V
5000 " " 1927 " 97.50
MARSHLAND D. D., 6, yield 6
$8000 June 1. 1925 97.27
". 5500 " , W26 " 96.73
7000 " . 1927 " 99.23
Stogk
MMKET
New Tork Times Rumors were cir
culated in the financial v district again
that W, C Durant, head of the Durant
Motors, Inc., was planning a merger of
the Durant company with Studebaker
and Pierce-Arrow. .
TOimaian : T?cl ratiw. mniwv mlnaes
system, banks and Interest next.
' TJ. S." treasury certificates of $500,000,
000 may be issued soon. . y r . j .
Bullish interest claimed to have disre
garded selling movement in stocks from
time to time. . I7
Montgomery "Ward April sales $26,44,
073, decrease $3,027,383 from April, 1920.
Standard Oil of Indiana stockholders
to vote on increase in authorised capital
from $100,000,000 to $140,000,000. :
"New Tork federal reserve bank has
called on member banks for repayment
of $13,000,000 today. I
Nebergall Company
Purchases Market
; ' - ; ' '"''''! - '
Eugene, Or., May 3. With j the pur
chase of the Quality meat market here
today ; by. the Nebergall Meat Packing
company of Albany, D. E. Nebergall,
president of the company, announces
that he will soon start the j construc
tion of a modern two-story brick build.
ing to house the retail market here.
The new building will cost about. $20,
000. he estimates, and ' will be special
ly constructed for a modern meat mar
ket. . s ' , . .
The company has two retail markets
at Albany, a packing plant just out
side that city, and also a retail store
at Corvallis. ' The president expects
that a million-dollar business will be
done in the five establishments this
year. , . t
Earl Gates and Frank Allaway are
the former owners. Carl Mlchelson, an
old employe of the Nebergall i company,
will manage the market here. '
r - -!
Foreign Bond Market
Russian 5s 1921
Russian 5s 1026
Russian 6s 1019
French 5s 1931
French 4s 1017
French 5s 120
Italian 5s 1018. . . . ..
nritith 5s 1922,
British 5s 1027...
Itritish 5s ' 1929.
British vky 4s -.
British ref 4s.. 4. 4.
Belgium rest 5s.
Belgium prem 5s. .... n
t.eman W. L. 5s-... . . , ,
Berlin 4s .
Hamburg 4s .
Hamburg 4a .........
Ijeipsig 4s .. 4 . ... . . .
Leipzig 5s
Munich 4s ............
Munich 5s
Frankfort 4s .
Jap 4s
Jap 1st 4s..
Jap 2d 4s
Paris 6s . . .
I. K. 5s 1921
V. K. 5s 1922
C K. 5a 1929
V. K. 5s 1937
Bid. A-k.
15 ,17
7 9
16 18
63 64
48 49
72 - -x 73
37 38
893 403
383 3S
384" 396
305 317
276 288
64 67
69 72
1 1 la 1 2
12 13
14 15
14 13.
13 15
14 " 16
13 14
15 17
63 64
66 7
83 83
83 84
08 98
99 99
96 96
89 90
85 86
PACIFIC COAST BAKK 8TATEMEST
Portland Banks
Clearings 0 This Week Tear Ago
Monday ....$ 5.423,898.62 $ 6i970.844.85
Tuesday ... 5,324.616.10 5,876,290.59
. Spokano Banks i
Clearings Tuesday $ lj298.,663.00
Balances Tuesday . . .... 195.831.00
Tacoma Banks
Clearings Tuesday ,.... 796,542.00
Balances Tuesday 66.803.00
Seattle Banks '
Clearings Tuesday t 5.455,455.00
Balances Tuesday .. 867,054.00
San Francisco Bank
aearings Tuesday $26,300,000.00
Los Angelas Banks .
Clearings Tuesday .$13,593,935.00
1 1
Adding an ounce of 'camphor to each
five gallons of gasoline he uses, an Eng
lish automobilist claims to effect a fuel
Baving of 20 per cent. ; '
VANCOUVER,
.8.65 v '
$5840 Feb. 1, 1923
C 4' to yield
93.63
REPUBLIO OP CHILE. 6s to yield about
6.36 to 20
$5500 j Feb. 1,1941 99
NOR. PACIFIO-QR. NORTHERN 6',
to yield about 6 '
, $9400; July 1, 1936 96.50
- 1 - t
Call or Phone tor Details
. OfrOUNT PLOOR
VVMBBRtgCNO BU1I
flPnt AMD BnTi
FREEMAN.
SMITH
CAMP
10 with Safety
Invest for 3, 4 or S years where
you will receive a high return
with absolute safety. For 'full
particulars mail this coupon to
dept. "C."
ILoHartmanCooslnc.
Investment Securities
Main 208 Portland, -Oregon
Name . . . .
Address
The ability of the
debtor to pay is the
source of a bond's
strength
40 to f Security
6 Gold Bonds
General Obligations
CITY OF
BANDON, ORE.
Due 1926-41. Don. $1,000, $V0
PRICE TO YIELD
11 to 1 Secnrity
10-Year 7
GREYBULL, VYO.
Improvement Bonds
- Price 100
Yield
7
' Both bonds income fax exempt.
Purchases Increase
In Pacific Section
Says Credit Eeport
The April report of the credit clearing
bouse of New York is based on about
200,000 actual transactions by manufac
turers and wholesaler, aggregating in
volume over $1 50,000,000.
In the Pacific coast section, the re
port states that purchases were more
active than in March, but not so good
as the corresponding month for the past
five-years. -.-
Indebtedness in April waa less than
the month, previous, as well as in April,
1920, 1918, 1917 and. 1916, but is higher
than April, 1919. -, ,
Payments show, less activity than in
March as well aa April, 1920. 1919 and
1916, and are better than April 1918 and
1817.
Congress Hard at
Work on Problems
Of Labor, Trade
By Walter B. Brown.
Editor New Totfc rVimmerrial
' (Written for the TJnited News)
New York, My S. Congress and the
administration are bard at. work in an
endeavor to solve our domestic prob
lems. Transportation is the keynote, and
that. In 'turn, hinges upon the labor
problem. Hearings before the railway
labor board are still in progress, but
there is little doubt in anyone's mind
that the board will recognize existing
conditions as against the theories of
amateur economists of the type now
pleading labor's cause. Kven if it be
true, aa they claim, that more efficient
management can reduce operating costs,
the benefTj of such reductions does not
belong to the railway employes, but ; to
the general public m the- lorm or. re
duced freight and passenger rates.
This particular group of wage earn
ers has no divine right to a subsidy at
the cost of heavy taxation of the general
public If that were so, itwould be far
better to levy a direct tax and be done
with it, rather than have it spread
throughout the entire economic fabric as
it does now. It has been pointed out
that it has cost the nation since the
government took over the railroads, in
the way of guarantees and losses of
various kinds having to dowitn the ex
travagant operation of the'.roads, some
thing like $2,000,000.000, ; and yet it is
declared that this sum will have been
well expended if it wilKhave cured the
people of the 'socialistic idea of govern
ment ownership of the railroads..
The state park committee has accepted
a deed from Robert Moran, retired ship
builder, for 26.000 acres of natural park
land on Orcas island. Puget sound.
TEXT BOOK
WALL STREET
A 40-page book (copyrighted)
discussing clearly and unmis
takably rules governing stock
market transactions:
Method of Trading.
Commission Rates.
v How to Open an Account.
Augmenting One Income.
Deposit Requirements for
v Carrying Stocks on Ac-
'. count,
Dictionary of Wall Street.
History of the New York
Stock Exchange.
History of the New York
Curb Market.
. Foreign Exchange.
And many other subjects of
interest to investors and
stock traders.
Copy Free Upon Request
McCALL & RILEY CO., INC.
20 Broad Street New York
Exchange Rates
Continue Rise in
New York Mart
New Tork, May 3. (TJ. P.)
French . francs, opening above 8
cents, were the feature of the for
eign exchange opening today. Othors
were higher,. Sterling. $3.96;
francs, .p801 ; lire. .0491 ; marks,
.0165 ; Canadian dollars, .8912 ; kro
nen, .1820. ,
FOREIGN EXCHANGE RATES '
Corrected daily i7 the foreign exchange de
partment ot the United State National bank.
Quotation .below, except the pound aterlinc.
are quoted on the baaia ot 100 unit foreign
. Opening nominal rates
. Draft
London Cherkt.
I .ha. aterlinc. IDDVi
Pari Kranca . . 7 . I
Berlin Marks, . 1.53
Genoa Lire...- 4.89 tt
Athens
Drachmas. .
Copen bacen
Kroner. .. ..
Cnriatiania
c- Kroner. . . . .
Stock holm ;
Kroner. . . .
Honekon
t urrcnr i. . .
Japan Yen. . .
Shanghai-
jTaela ......
e.is
J8.22
13.G8
S3.6S
51. AO
48.50
8.00
oaf bank
Cable
Traniifers.
f 8.K7
7.03
1 . 5 5
4.80
6.20
18.28
15.63
, 23.68
St. 8.1
49.00
850
transacinn:
I'ar
8 45
1 !).i J
23.8 1
19.30
19.30
2S.T0
28.T0
28.70
Liberty.
Idherty,
Libert),
liberty.
IJherty.
Liberty,
Liberty,
Virtnry,
Victory,
- Liberty Bond Kales
XKeported by Overbeck ft Cooke Co.)
Miab. l)w. I. low.
. . . 8890
SHs .
Ut 4r.
I'd
tut
2d
.1.1
4 th
4. . . .
4 H . .
4m..
4 V... .
"4 , .
4 V
7S0
H7 r.n
noiu
tte4
0SO4
8873
B7R0
7S4
f7!
-
U874
H730
87rt
S7S4
jo.-.o
R7 40
0798
Engineera announce that work on the
Pacific highway between tloshen and
"Walker willrstart in about two weeks.
A COMPLETE RECORD
OP YOUR INVESTMENTS
Cfan conveniently be kept in a simple and compre
hensive way, that will enable -you to know at a
glance: Securities Owned, Annual Income, Inter
est Dates, sad when your Bonds Mature. -
We shall be glad to present anyone with one of
these Permanent Investment Books, upon request.
Yon may telephone, call or write
Broadway 3171
Bond & Goodwin s?Tucker
tMfORPOtArt D
VJvTTED STATES NATIONAL BANK SUOOINC
v PORTLAND
' los wcim "
IIATTU
jjUmpqua J
Douglas County g
Oregon' 4.
-6 Bonds
A Dated DUE K
May .15,. 1921 July 1,-1926-30 g
DENOMINATION: 1000 S
& Assessed valuation. 4,746,305 E
Total bonded debt, 325,000
PRICE 98.00 8
5 TO YIELD ABOUT
6.30 to 6.48 S
Ralph Schneeloch Co
0 LUMOCPMCNS BUtLONQ V
- . Pvmruwn, Oncsov :-- ..
HERRIN & RHODES, Inc
tEstabllsked IStO
BROKERS
HEMBEBS CHICAGO BOABD OV
"('' . - - TBADE. ;7.,-.,-, ,
Correioa.CBts, E. F. HTJTTO IT CO.
Members Kew York 8tok Exeksirs.
rrlvato kurl WltM Direct to All I
beearltT aa4 Comssodity Markets, i
LIBERTY AND VICTORY BONDS j
BOUGHT AKS SOLD ' .
: '- KAIK IS aad S84.
S81-S BAIL WAT EXCH. BLDQ.
.95
l07r
Vo
Sound Securities
of the Northwest
Maturity. Price. Yield.
Portland Gas & Coke
Co, 7 First Lien and
General Mortgage
Gold Bonds-;...... Jan. 1, 1910
Puget Sound Power &
Light Co. 7V2 Gen
eral and Refunding
Mortgage Sinking Fund
Bonds ... May 1, 1941
Portland Flouring Mills
Co. 8 First MorV .
gage Bonds Feb. 1, 193G
Province of British Co
lumbia 6 Gold
Bonds April 25, 1 19-2 G
9T.50
in
par 8.00
93.84'
7 nnfv
Each one of the above bonds offers a desirable
medium for sound investment. The proceeds
from these issues have been expended in'dc--velopment
of the Pacific Northwest. Call, phone
or write'to us for further information.
BLYTHAVinER, Co
Ycon Bldg.. PORTLAND 4
SEATTLE - SAM FRANCISCO - LOS ANSELES - NEW YOWC
J
, 6.50 YIELDING 6.50
UMATILLA (Municipal) DRAINAGE
DISTRICT
Umatilla County, Oregon
6 Gold Bonds Due 1925-1930
EXEMPT FEDERAL INCOME TAXES
1). C. Henny,' reclamation ensrinwer, reports'; "My lnvejitijfatlon nh&wn
the value of these bond to e unquehUoned.. Th bonds are a afe and
unusually attractive investment." This district comprises 1600 acres. of
splendid fruit and farm lands under Intensive cultivation i also includes
town of Stanfield. , ' - . . . ..
veteriptiTe iircniar tpon ueqieiu
tXARK. KENDALL Cr CO. Inc
GOVERNMENT MUNiaPALANDX)RP0r?Ari0N BONDS
FIFTH AH0 STARK STRH.T5 - PORTLAND OREGON
Htoeks. Boads. 1 Col to a. Grata. -Ete.
! 1M BNtt ! TrmUo aUdla
Overbeck&CookeCo
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
: Hamper Ckleaa-a Boara of Trads
CorraapoadcBts of Loffaa Bryaa
Cfctearo ' tw fort :.
I
S
II
U1I
111
i
Wrf
UR BOND DEPARTMENT is
-' equipped to give the same reliable, effi
cient and courteous service in investment mat
ters, which characterizes the service of every "
department of this bank.
Coir offerings, include the highest type of gov
ernment, municipal and corporation securities. . .
1 4-U h r TL,LJU..
ii
4 '