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
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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'
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22
15
49
54
157
100
149
23
13
28
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57
78
12
19
08
73
34
70
71
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38
56
67
61
35
23
33
34
29
10
80
84
101
14
72
59
63
8
78
7
45
27
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22
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39
80
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88
26
28
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11
23
121
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111
60
69
73
101
33
83
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57
32
34
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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
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73
8
27
15
1
60
137
12
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37
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78
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91
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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