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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 19, 1921)
18 THE . OREGON DAILY JOURNAL, PORTLAND, OREGON THURSDAY, MAY 19. 1E21. !G LOAN TO F RANGE PLANNED f New York, May 1. I. N. S.) SUrangements ' are complete for, a Joan to France by American bankers of between $150,000,000 and 200,- -00,000, the International News Serv ice learned today. It is to be raised 'within the next 60 days. . '2 Large as this loan appears, it is but preliminary to a gigantic loan scheme by which France proposes to realize on Jhe German reparations long before even a email fraction of the total indemnity, has been paid by Germany herself. To all Intents and purposes; according to authentic information obtained by the International News Service, France in tends "cashing in" on the German war debt in the Immediate future and if present plans materialise the paying ,wlll e done by a group of American bank- .. era, who are to take German reparation bonds in return for a huge advance to . Jrance. ft-Prompt denial of this was registered at the office of J. P. Morgan & Co. A responsible officer of the firm averred . that . neither was a loan to France about to be floated, nor were plans afoot for tk. big loan deal in which the reparations are to play the role of security.-. ' It is an . open secret, however, that Thomas W. Lam on t of the Morgan firm, during his extended stay in France, has bad many conferences with French statesmen and financiers. " In financial uHrcles . here it was stated today that New York Is : Savin gi Money; 'Withdrawal Less ' Kew Tart, May H Ab aeearate basinets gaage may be fosnd la the state of the postal saving aeeoants la this elty. While the eeaatry at large showed withdrawals . la April aatoaatlag to nearly 8 per eeat, the withdrawals la this city were barely 1V4 per cent.; These savings aeeonats are a real palse. j la a great ma jority of , 1 astasees they are anchors to wladward, pare and simple. They are sot disturbed anti times of real tress.- When, therefore, withdrawals rome la sabttantlal amount they re fleet a real eeoneralc plneh. Mer rbantt of Sew York have reason to feel tbsmselves fortunate, i Mr. Lamont Is in possession , of all the details of the reported loan scheme. " All details of . the I preliminary loan have been arranged, only the date re maining to be fixed. It is expected it will be announced shortly. Sinclair Is Elected New York, May 19. (IT. P.) Earl W. Sinclair of Tulsa, Okla., was elected president of . the Sinclair Consolidated Oil company to succeed his brother, Harry F. Sinclair, today. The -latter was elected chairman of the board. Elks Ladies Hold Party Vancouver, Wash.. May 19. The Elks Ladies will give a five hundred party at the Elks temple this afternoon, Mrs. Harry McAubrey acting as hostess. Primary Markets i In Better Shape; ' Dry Goods Eeport New York, May l&.-t-The '(market serv ice letter of the National'Wholesale Dry Goods association says; ; , "The . primary markets appear to be benefiting from more general trading than for some time past, . probably due to the fact that prices; have not changed much for some months. This has been construed to indicate1 the strength of the markets for the season, j Wide sheet ing, sheets and pillow cases are scarce and jobbers Btocks are lovr. Ginghams are strong and well sold j for fall de livery. Percales continue in heavy de mand with no indication of falling prices. Wholesalers already have placed orders for about 25 to 40 per cent of their usual requirements in fall merchandise.' ' Bonds Are Issued ; By Spokane Firm gpokane. Wash.. May i9. Negotia tions for a loan of $250,000 in the form of a one to five-year! serial bond issue, have been completed! by the Spokane Dry Goods company and the affiliated company, the Dry Goods Realty com pany, with the , investment banking houses of Murphey, Fayre & Co, and Ferris & Hardgrovej and Cars tens & Earles, Inc., according to the announce ment made today by R. B. Paterson, president of the ' Spokane Dry Goods company, and by representatives of the two firms of investment houses. GENERAL: DOWNWARD SWING OF VALUES IN SECURITY MARKET PRESSURE HITS . N Y. STOCK LIST ':.-'"!'": j ' - New York. May 19. (L N. S.) The stock market closed steady today. The market was quiet in the last hour with sales in small, amount and almost wholly of professional character. J Republic moved up to 59 and reacted again to 58, while United States Steel hung around 83T4. "National Enamel rose from 52 to 545i. Great Northern Railway In supply, falling over 2 point Mexican Petroleum reacted 1 i48Tt and Seara-Roebuck fell loss of nearly 3 points. ; j I Government bonds, unchanged ; way and other bonds, steady, Total sales. 451,700 shai $9,307,000. -: ., 4 r PnmiahaH h Overtie-k A Cooke Co., BoSrd of Tnrin Yiuildinff : Bid. was to 68. point to to 77, a rail- shares ; bonds. STOCK. , 300jAdjTi Express .... 7noAdTance Kam. 3000Agr. Chem lOOjAjax Rubber .. . . 200j Alaska Gold ...... 4 00 j Alaska J noma ... 300 AUie-Cbalmen . . . i .... I do ptd. 600 Am. Beet Sosar. . 800 Am. Bosch 700 Am. Can ...... do pfd. ...... 700;Am. Car A Fdj. . 100 1 Am. Cot. Oil . . . . .....(Am. Dru. Sjnd. . 500( Allied . Chem. ... 600jAm. Hide & Lea. Hich. .43 '4 17 60 31 'so 46 30 125 20 "45 " 12 4 Los 45 16 48 Zl L 1H 38 1S8 46 30 124 20 12 16 40 31 H 1 38 7 38 46 30 83 125 20 44 12 . Another Splendid Premium for JOURNAL Want Ad Patrons FREE- with every Cash Want Ad for, the Big Thursday and Friday SUNDAY JOURNAL One 16-ourice jar of MON0POI1E PRESERVES Put Up by Wadhams & Kerr Bros. , Portland in ulU ' .-;piM' -TXQjjl Jp Hiswm jr ' t 'UTi---f j j"gy -fffj m fj yM 'hvn ,,7 w a 1 1 "j? u ' u u u A afr,? ?? mth.glass"jars. hey are manufactured from the ttindSK1W thCm 15 th PUre Cane variet H SPard !" makinS them' Remeinbi er 1 hursdflv nrid HnHv van uuy your Utme-a-Ltne Journal Wnttt A J n ! Si ill 411 m2i f TTi ' AJ q. 4. j " ui,y j vnuusntg r win nut rr urn ti. u "M"W" uwa your present just the same as though you came to The Journal Office: in, uwi. UKUG FREDERICK C. , KILLINGS CO. STORE, Broad- FORBES DRUG WORTH DRUG way and Washington f CO., Grand Ave. and ! CO.. Kfflingsworth and Albina East Morrison MATTHIEU DRUG STORE, Russell Street and Williams Avenue ST. JOHNS PHARMACY, St. Johns 2 !"r2.7Sar'-" -!o.. 2Se ; " w per una. All ba charged a 2 lines. ad less than par 2 lines will t OVER A QUARTER MILLION PEOPLE READ THE I JOURNAL EVERY DAY 2H !MMIM M!II!I1(!IM!!1,!I' !,"!!!ii,!U! galea. 8TOCK. 100 do pfa..... 5 800Am. lee 55 28001 Am. Intl. eon. . . 48 Am. Unwed .1 400 Am. Locomotive . . 87 ' 200 do, pfd. 1000 Am. Safety Basor. 6 200 Am. Ship a Com. 10 1 000 Am. Smelter. . . . 42 Hz. l Pfd. ... 200 Am. Steel Fndrj . . . 80 1200 Am. Sosar ........ 91 1000 do pfd. 101 8400 Am. Sumatra .... 4 S600 Am. Tel.- A Tel. . . 105 6800 Am. Tobacco ..... 127 1500 do "B" ... 125 1600 Am. Wool 77 -do pfd. '. . . . ..... Am. W. P. pfd Am. Zinc 1400 Anaconda ....... 42 .. . Ata'd Oil . ...... . 700 Atchison ....... . 82 10O do pfd. . . . 76 Att unit & W. I.. 39 4300fBaldwto Loco. . . . . 87 ..... t do pfd. .... i . SOOOBalto. & Ohio..... 41 ..... I do pfd. . . -. 8500 Beth. Steel "B". . .1 80 b. K. T I. . . . . . . . Bntte C. .....( 100 Butte Sod. ... .1 15 200 Caddo OU ....... I 16 ..... K am. I'ackins lOeOCalit. Pet. .......I 48 ..... ! do .pfd. . . 1000 Canadian Pacific . .115 240OjCen. Leather ...i.l 40 , lOO'ferro Ue Pasco 6800Cliandler Motor ... 83 WOO Chicago A Ji: W. 400 Chi. Gt. W.. . . .. SO0 do. p fd.i 1 19 ISOOCnili Cop. i......l 12 200 Chino .......... I 26 "4 1300 do. pfd. ...... 44 1O0 Coco Cola ,.., .. . 700 C. It O. . 64 R.0JO. & I. 200 Colo. Southern ...I 36 500 CoL Gas Elec.t 60 1400ColumbU Graph. ..( 7 mra m. vaa ........ 9 ..... Cons. Cigars ..... ... ..... do. pfd. ... ...... Contl. Can . . ... 900 Contl.' Candy ..... 2000 Com Prod. do. pfd. ....... 3400 Cosden Oil 2200 C. R. I. A p do. i "A" pfd. . . . ..... do. 'B" pfd.... 1900 Crucible ......... ..... do. pfd. ....... 3000 Cuba Cane . 700 do. pfd. ....... 5900 Cuban Am. Sugar. . , 300 Del. tc. Hudson. . . . 200 Dome Mines 10OD. A K. G. 100 do. pfd. 5200 Endicott Johnson... .1300 Erie .. . . . . . . . -do. 1st. pfd. .... 600 do. 2nd pfd. .... lttOO Famous Players ... lOOfed. Min. A Smelt, i. 100 do pfd. ....... 400 Pisk Tire 200 Gaston Williams.. .. 400 Gen Cigars 500 Gen. Electric 800 Gen. Motor . do 6 i . . . . do 7 28600Gen. Motor Deb 2B00 Goodrich . i . . . . Granby - 300 Gt. Nor. Ore. 1 700 Gt. Nor. pfd. 1 00 Greene Cananea . . . 600 Gulf 8. Steel 1500iHupp. Motor 200 Houston Oil . . . . 111. Cent. 5400 Inspiration ....... 1400 Int. Agr. Corp.. e. . . 1400 do pfd. 200 Interboro 200 do pfd. ........ 500 Interstate Callahan . 100 Int. Harvester 40OHnt, Mere. Marine. . 100 do pfd. ........ 1400InU Nickel ....... 6000 Int. Paper 1400 Invincible Oil 2700 Island Oil .... .... Jewel Tea 1200 K. C. Southern .. .. K. C. South 2400 KeUy-Spgfld ...... 6000 Kennecott 1000 Kebtone Tire 1700 Lack Steel 900 Lebteh Valley . .... I Lorillard ........ 100 U it .v. . . . i . .(Maxwell Motor. . . . . 100 do 1st pfd do 2nd pfd 16100 Mex. Pet 500 Miami 6S00 Middle States Oil 600 Mid rale 8teel 400 M. K. A T TOO Ma Tac.. ........ 900 do pfd 1100 Mont. Ward. ...... M. St. P. A S. S. M Nat. Biscuit....... 6900 Nat. Enamel. 200 Nat. Lead . 700 Newada Cons. . . , . . 1800 New HaTen....... 800 Norfolk A W ..... . 5900 Nor. Pac 5O0 Nora Scotia Steel . . 1800 N. Y. Air Brake:.. 600 N. T. Centra 300 Okla. Prod. Ref... 400 Ontario Silver 100 Ontario A Western Otis Steel 3500iPaeific DeT. 2700iPsc. Gaa A Elec. 7400Pan Am. Pet.... HOOjPan Am. Pet"B". 1400iPenna. 1600Pere Marquette .. 800PhUadelpbia Co . 1O0OPure Oil . 4S00jPierce Arrow . 200Pierce Oil . . . . ; . lOOlPitteburg Coal .. 300 (Pitta. A W. Va. . 200 Pressed 8teel Car. y 200 Pullman 500 Ray Cons. . . . . . 34O0.IReading ..... Remington ...... 100 Replogle Steel . . 8600 Republic I. AS. ..... do pfd . a . . Rep. Motors 2900 1 Royal Dutch Oil.. 400Ry. Steel Springs. 31 00 (Hears Roebuck iOOiShattuck, Ariz. HOOISheil T. A T. High. Low. Bid. SlOOiSinclair Sloss Shf ....... 3000Sou. Pacific ..... 700ISou. ! Ry 2001 do pfd. 1700St U A S. F 200!Strombere Carb , . 14800!Studebaker ...... Swift A Co. 140OTenn. Cod. A Chem. 630OTexaa Oil 3700Texas Fac. 900Tex. Pa. C AO.. 100 Third Ae. ...... Tob. Products . . . . Tran. Contl. Oil . ; Cnioo Oil Del. . . . Union Pac. . . United AUoy . . . . United Irug United Food ; Prod . United Fruit . . . . United Rds. of N. J i xrfd. ....... 4200rnited Ret. Stored. 800 jU. S. Ind. Alcohol. 6100iU. 8. Rubber..... 20200 800 MOO 200 400! TOO 2300 23 OO 500 5200 1200 600 600 200 3 66 700 400 600I i 700 200 2800 300 ' 466 do 1st pfd IT. H. Smelting. U. S. Steel . ... do pfd. Utah Copper . . Va. Chem Vanadium Steel ViTandou Wabash do A pfd . . . do B pfd . . . Wells-Fargo . . , Western Pacific do pfd. Western Union Westinghouse A do K. AM West Md. Whit Motors . Willys-Overland do pfd. . , Wool worth . . Worthington Pump. 55 55 46 87 ' 10 41 30" 90 100 62 105 124 123 79 . 42 si 76 38 86 40 59 15 16 '47 iis" 40 '64 19 12 26 28 43 64 " . . . . 36 60 7 88 1 71 86 33 76 19 60 23 63 14 14 74 8 27 16 1 61 137 12 72 38 "36 " 70 "is" 13 79 37 10 50 4 13 5 91 15 55 15 71 18 4 '27' '45 22 15 49 54 157 100 149 23 13 28 22 42 22 57 78 12 19 08 73 34 70 71 3 "9 38 56 67 61 35 23 33 34 29 10 80 84 101 14 72 59 63 8 78 7 45 27 "77 22 '25" 39 80 ' i 6 88 26 28 '57 11 23 121 22 111 60 69 73 101 33 83 IOS 57 32 34 . 8 8 23 67" 30 88 48 10 40 8 39 100 W. A L. E. 51 1 70 85 33 74 18 59 22 64 14 "".4' 73 8 27 15 1 60 137 12 69 37 '36" 68 37 12 78 '36 9 49 4 13 5 91 15 55 15 68 18 4. "27 44 22 15 49 53 155 100 147 23 13 28 22 41 21 52 77 12 . 19 97 71 34 68 71 3 19 37 55 66 60 84 22 33 33 28 10 30 84 101 14 71 57 63 88 77 . 7 45 26 77' 21 24 38 78 "9 38 25 27 56 10 24 120 22 111 59 68 72 101 33 82 107 57 30 33 8 8 23 66 29 88 48" 10 40 8 88 j'60j 53 55 47 37 8T 103 lft . 41 77 30 91 100 68 103 126 123 76 97 84 9 42 99 81 76 89 86 100 41 50 59 12 6 14 16 60 47 78 115 , 40; 29 63 66 8 19 12 20 28 I'-'H 29 63 30 36 59 7 88 38 36 46 1 71 103 35 33 76 66 75 84 19 69 23 101 19 1 63 14 21 14 73 8 27 16 1 60 137 12 68 10 70 37 24 29 68 24 37 12 79 90 36 10 49 4 13 5 90 15 53 15 70 18 4 9 27 61 45 15 49 54 156 100 5 5 2 148 23 13 27 2 22 42 21 70 113 64 77 12 19 97 72 V 34 65 71 3 5 18 13 37 54 66 60 34 22 32 33 28 10 62 30 84 101 14 72 33 27 57 89 17 64 88 77 6 45 26 40 77 21 52 24 88 78 99 9 38 25 27 17 56 10 25 120 29 95 22 lit! 10 23 60 68 72 101 35 83 107 56 31 33 8 8 23 15 66 29 67 88 93 48 10 40 8 38 112 51 10 HMMENTN TRADE IS SLOW By Edson A. Smith Special Corretqwndent of The Journal -Boston.' Mass., May -IS: The im provement In business in New Eng land Is painfully slow but none the less there Is some Improvement. The principal feature of the moment has been the Improvement " In the leather market. Hides have had a sharp advance and it has developed that the supply is not nearly as large as had been supposed. Stocks of leather on hand. are so plentiful, however, that the prices of staple goods have not moved up in propor tion to the hide market. . Even at present improved quotations' leather is still selling for less than its re placement value based on present hide prices. The improvement in the textile trade continues. The Consolidated Textile Mills, the former Knight . properties whose specialty is "fruit of the loom" cotton goods, are sold , out for - some weeks ahead. The Nashua Manufactur ing company, makers of cotton blankets and several well known brands of cot ton cloth, have resumed capacity opera tion. In the wool section of the in dustry the American Wool company is run close to capacity. t . The shoe business is still dull with operations a scant per cent of normal. Here the labor situation is the govern ing factor. Shoe workers in the Brock ton district bave not accepted a cut in wages and as a result costs have not fallen anywhere near proportionately to the drop in leather. New Corporations . Salem, May 19. Organized for the purpose of building and operating, elec tric light and power plants, cold storage plants, the handling of dairy products and manufactured goods and the pre serving of fruits, vegetables and sea foods, the Tillamook Consolidated In dustries, Inc., of - Wheeler, Tillamook county, filed articles of incorporation with the state corporation department here Wednesday. The company is cap italized at S100.000 with the following incorporators H. E. Rinehart, J., E. Bradley and James Smith. Articles were ajso filed by the fol lowing corporations: The Clackamas County hospital. Inc Oregon. City ; $40,000; O. A. Welsh. A, II. Htiycke. C. II. Meissner and W. Rose Eaton. Tillamook Aircraft company. Tilla mook ; $3000 : B. C. Lamb, I. M. Smith and C. W. Barrick. Molden, Huelet, Sather company, Hood River, filed a certificate showing an increase in capitalization from $25,- 000 to $50,000. Foreign Bond Market 5 Ha. 1921 , 5s. 1926 , 6 . 1919 ...... 5s, 1931 , 4s. 1917 , 5s. 1920 , 6s. 1918 5a, 1922.. , Russian Russian Russian French French French Italian British British 6s. 1927 British 5s. 1929 . British Vic. 4s . . Belgium rest. Si . Belgium prem. 5s German W. L. 5s . . . . . Berlin 4s Hamburg 4s ......... Hamburg 4 s ....... Leipsig 4 s Leipsig 5s ........... Munich 4s ........... Munich Si Frankfort 4s ......... Jap 4s ............. Jap 1st 4 s . Jap 2nd 4s Paris tts V. K. 5s. 1921 U. K. 5s, 1922 U. 1C 5 s, 1929 U. K. 6s. 1937 Bid. Asked. 16 18 6 8 15 17 69 70 54 r.o 79 80 45 46 398 410 393 404 393 404 812 312 75 77 78 ' 80 13 15 15 16 16 17 17 18 15 17 17 1 16 18 18 2 17 ! 8 69 84 85 84 85 98 98 99 100 97 99 91 91 85 86 SHORT TEC31 HOTES Quotations furnished by Clark, Kendall Co.. Inc.: . , Security Maturity Bid Asked Am. Cot. Oil 6s. f. , 9-2-24 89 9 Am. T. A T. 6s. .. .10-1-22 97 97 Am. T. A T. 6s. , ri . 2-1-24 96 96 Am. Thread 6s. .. . 1 2-1-28 93 06 Am. Job. 7s. ......11-1-21 99 100 Am Tob, 7s. 11-1- 99 100 Am. Tob. 7s ..11-1-23 99 100" Anglo-Am. Oil 7s.. 4-X-25 10O 100 Armour Coot. 7s. .7-15-30 05 86 Belgian Got. 7s.-. 6-1-4.V 99 , 9 Belgian Got. 6s 1-1-25 95 95 Beth. Steel 7s -..7-15-22 99 99 Beth. Steel 7s 7-15-23 97 98 British Got. 5 s. .. 1 1-1-21 99 100 British Got. 5 s. .. 1 1-1-22 97 97 Canadian ?ot. 5s.. 8-1-21 99 99 Canadian iror. 5 Vis.. 8-1-29 92 93 Cudahy Packing 7s. 7-15-23 98 99 Inter. R. T. 7s 9-1-21 76 77 Japanese Got. 4 s. . 7-10-25 84 85 Kennecott Cop. 7s... 2-1-30 93 94 Moline Plow 7s.... 9-1-21 96 .... Moline -Plow 7s. . . . 9-1 -22 . 94 ; Moline Plow 7s 9-1-23 92 .... Moline Plow 7s 9-1-24 88 .... Pacific Gaa 7s 5-1-25 95 97 Swift 6s ......... .8-15-21 . 99 99 U. S. Rubber 7s 12-1-23 98 98 de- FOREIGN EXCHANGE RATES Corrected daily bj the foreign exchange partmerTt of the United States National bank. Quotation below, except the pound sterling, are quoted on the basis of 100 unit foreicn currency- - Foreign exchange closed strong. Sterling, 3.99; francs. .0849; lire. .0538; marks, 0174; Canadian dollar, .8950; kronen. .1795. Opening nominal rates on bank transactions : Draft Checka 4.00 8.74 1.68 3.67 London Lbs. sterling . $ Paris Franca. . Berlin Marks . ;enoa Lire.. . Athens lirachmas ..' Copenhagen Kmner .... Christiania Kroner .... Stockholm - Kroner .... Hongkong Currency . . Japan Yen . . Shanghai Tacts Cable Transfers. $ 4.00 8.7S 1.68 5.58 Par Valne. $ 4 860 1 9.0.1 23.81 19.30 5.85 18.30 is.so' 23.70 49.00 48.25 64.50 5.90 18.35 15.85 23.75 49.50 48.50 65.00 19 30 28.70 26.70 Treasury Head Favors Law to -Aid the Farmer Washington, Maj 1. (I. Ji. S.) Recognizing the farmers are facing a financial crisis, Secretary of the Treasury Mellon- said today that he favors legislation 'which will permit extension of time on farm -paper for rediscount at federal reserve banks and which will provide for more lib eral farm credit. Recently lowering f rediscount 4 rates will not provide the aid needed by the farmers, the secretary said. . ; - ; . l SOME CONCESSION IN STEEL PRICE .Topics MARKET Market policy appears to be one which may be described as that of creep ..recovery and improvement along irregular lines, led by specialties, dur ing: which occasional sinking spells will be . witnessed In issues affected by further business readjustments such as may Je seen in steel and motor groups. : .-'W-J Missouri . Pacific common and pre ferred said to "be' responding to ac cumulations which recently reduced the floating supply of these issues. Pittsburg. Pa., May 19. Inquiries for steel at prices considerably below those fiied by the United States Steel . corporation ion April 13 are coming: into the district and plainly indicate that consumers of .plate and other forma of steel do not ex pect the fixed price level to stand. Some sheet bars are reported to have been sold at concession of $1 a ton from the April 13 list The holding off of con sumers is distinctly : the feature of the market today. Judgrlnp from rant stand ards, there is little likelihood that the steel corporation will change its sched ule for some time. The old one re mained in effect for mbre than two years despite the pressure for a change. Some independents may resort once more to cut prices ; to obtain business, but even this Is considered a doubtful venture. PACIFIC COAST BAK STATEMENT Portland Banks Clearings This Week : Tear Ago Monday 8.167.038.28 I 7.880,100.17 Tuesday .... 4.456.815.57 6.873.742.91 Wednesday ,. . 4.881.842.77 6.323.702.57 Thursday ... 4.160.479 09 - 5,472.661.82 - Spokane Bank Clearings Thursday ........... Balance Taooma Banks Clearings Thursday ......... Balances Thursday ilia asanas Clearings Thursday .......... t 3.962.6R1.AO Balances Thursday .......... 950,370.00 San Francisco Banks - Clearings Thursday .$20,400,000.00 Los Angsts Banks Clearings Thursday. ......... .$13,217,990.60 w Tork Bond Market Furaiahed by Overbeck aV Cooke company t Atchison GenL 4s..... Bait. A Ohio Gold 4s. . . Beth. Steel Ref. 5s ... . Cent. Pacific 1st 4s... C. B. A Q. CoL 4s. . .. St, Paul Uenl. 4... Chicago N. W. GenL 4s. L. A N. Urrf. 4s New Tork Ry. 5s.. Northern Par. P. Reading GenL 4s t'nion Pac. 1st 4s. . V. S- Steel 5s t'nion Par. 1st Ref. Southern Pac 'Conr. do 4s Penna. Coot. 4 s Penna. 1st 4 s . . Ches. It Ohio Cons. Oregon Short Line L. 4s. .5. 5s. 5. . 4s. . . Rid. Asked. 76 76 67 68 85 86 73 73 99.60 99.70 68 67 74 77 80 81 20 24 75 75 75 76 80 80 95 93 75 75 92A 78 79 86 87 76 76 83 88 79. 79 1,479.783.00 553,033.00 ,- , 447.582.00 53,413.00 Stocks, atoadt, Cettoa. Oral a, Ete. lit S17 Ueaxd .I Trad - - sliding Ovcrbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES ' Members. Chleage Board of Trade CerrespoadeaU of ivogaa ak Bryaa -' Calcage . , Bew Tfoca. ; ,s . . Pank 6A4 per of England cent- rate unchanged at THREE important factors to be considered in the selection of an investment are- ' Steel trade organs say practically no change in industry over past week, and prospect of little, if - any, improvement during summer "months. Reading declared regular quarterly dividend of 1 per cent on second pre ferred stock, payable July 14, stock record June 27. , "regular payable " Texas company declared quarterly 3 per cent dividend. June 30, stock record June 17. - : Liberty Bond Sales Reported by Overbeck A Cooke Co. Liberty, Liberty, Liberty, Liberty Liberty, Liberty, Iaberty. Victory, Victory, High. Low. Close. 3s... 8808 8802 8804 1st 4s .... 8720 2d 4s .... 8710 lit 4s..... 8764 8740 8740 2d4s 8724 8706 8708 3d 4s 9070 9062 9064 4th 4 s. . , . 8728 8718 8724 4 s. 9770 0752 9758 3s.. 9764 9754 9758 New change francs. Foreign Exchange Market York. May 19. ( V. P. ) Foreign ex- .wi strong today. Sterling, (4.00; .0879: lire. .0559: marks. .0168: Canadian dollars, .8975; kronen. .1830. Foreign exchange closed higher. . Sterling, 34.00: francs. .0876: life, .0557; marks, .0166; Canadian- dollars, .8975; kronen. .1825. More Shingle Activity Kalama, Wash., May 19. The Kelso Shingle company has let out its boom on contract and a dpuble shift will be put on. r , - 1881 Kxperiemeo 1921 Equipment Efficiency The Home of Ideas and Ideals in Printing F.W. Baltes & Company Printers EK1..??. Security Yield Marketability Bonds which comply with these requirements may he still pur chased at unusually attractive prices. . . Advise us the type of a bond you prefer and we will gladly submit offerings which 1 bear ou? recom mendation, t G.E. &.GOMPANY BONDS GOVERNMENT MUNICIPAL COHPORATION TILIPHONt i MAIN 4-19&. . i04-'5-6 NorthWGsternanK Building PORTLAND, 0E.GOI I A WHO IS RESPONSIBLE? Correct construction of highways of proper type taking into ac count every condition is of first importance to every community, and when this is not done high taxes is one of the many bad-results. The community individ ually and collectively can best meet such responsibilities by specifying the durable and resil ient type of pavement known as Warrenite-Bitulithic. - City of j JL VJ70 Yield Prince Rupert Province! of BRITISH COLUMBIA $250 Denomination Payable in U. S. Gold Coin Maturities 1921, Price gD.85 1IW5, Price S7.0T 192G. Price 84.5G Circular on request. Phone or wire reservations. H. E. WILLS COMPANY 316 U. S. National Bank Bldg. Investment Bonds Bdwy. 1001 Portia mT HERRIN & RHODES, Inc (Established istel BROKERS MEJbBEUS CHICAGO JB0ABD UV T&A.DK. Correspoa.eBU, E. F. HtTTO.t ft CO. Members New -York Stork Eiebaii Private 1-aaaed Wires Direct to All . Heearlty aad Commodity Markets. LIBERTY AND VICTORY BONDS BOUGHT AND SOLD HAH CSS aad 184. ffll-S HA 11, WAV tlCU. BLDO. 373 The able of a good faith and all tax- K properties of a quarter ; million people back these 6 Gold Bonds Government of New Foundland Dual 936. Price to Yield 7.207e Canadian Provincial Bonds- of Provinces Alberta ....... British Columbia Manitoba . . Saskatchewan . . . City of Montreal. Fate Due Price 6 1922 97.07 6 1925 94.64 6 1925 94.36 6 1923 96.3 7 67c 1923 96.3 7 Yield 1H!7.50 6.37 ; w Yield 8 LUMBE RMENS- TrU5T((3mPANY-BANK BROADWAY and OAK IAJ O AIR BOND DEPARTMENT is cnuinned to crive the same reliable, effi- , cient and courteous service in investment mat ters, which characterizes the service of every department of this bank. Our offerings include the Highest type of gov ernment, municipal and corporation securities. OLDEST IMTMS