1&
THE OREGON DAILY JOURNAL, PORTLAND, OREGON
WEDNESDAY, JUNE 2, 1E21.
. . t -
SHOT
MAKING ESCAPE
Kelso, Wash , June 22. W. M. Go
forth waa wounded by Special. Dep
uty Sheriff E. iV Wicker pf Kalama
and Smith, Tuesday evening about 7
o'clock; when he was fired upon in
an effort to prevent -his escape..
Goforth and Charles Merkle, - also; of
Kelso, delivered 30 gallons of moon
shine whiskey to the officers, believing
ton hill nar Carrol is, six miles south of
: Kelso. The officers arrested the men
but Ooforth broke loose and ran for the
brush. i
Shortly afterward Ooforth Called
Fisher brothers Tauneh on the Columbia
river at a point opposite the place of his
escape and asked them to take him' to
Kelso. They went as far i as Carrolls
and he told them he had been shot at
and was wounded three times. When he
landed at Carrolls and started walking:
toward Kelso they noticed that he
limped. Their suspicions were aroused
by his conversation and they notified the
authorities in Kelso. - '
Merkle was taken to the county, jail
at Kalama. where he is being held on a
i bootlegger charge.
About It o'clock Goforth appeared at
the Dean Rulifson residence, two miles
north of -Carrolls, and asked Rulison to
assist him in getting to the. hospital at
Kelso. : Mrs. J. M. Comer brought the
wounded man in. He was shot tnree
limes, twice in the back and once in the
jejr. 'The two bullets In his back are VllI
imbedded irj his' body. His condition is
werioua. Goforth is about 35 years old
and unmarried.
;A Bonds Delivered .
Salem. Or.:, June 22. The J 1.000.000
Issue of 6 per cent state highway" bonds
sold on May 27 last to John E. Price &
Co. of Seattle and associates, -were de
livered Tuesday by r State Treasurer
Hoff through the United States .Na
tional bank of Portland. The Issue
brought $1,000,300 and accrued interest.
State Bond Body
Organized; School
' Bonds Purchased
Salem. Or., June 22. The state bond
commission, created by the last legislature,-
perfected an organization at a
meeting this . morning by electing Gov
ernor Oicott chairman and James Craw
ford, deputy state treasurer, secretary,
Members are ! Governor Oicott, State
Treasurer Hoff and William A. Mar
shall, member of the Industrial accident
commission. Previous meetings of the
commission have been merely advisory
at the request of the state treasurer.
At , today's meeting 120,000 of indus
trial accident commission funds were in
vested in school district 6 per cent bonds
as follows: District 21. Marion county,
32500 at par and accrued interest ; Dis
trict 14, Lake county. 320.000 at 99.75;
District 1, Klamath county, 317.500 at
par. .-. ' . "
Britain Held Back IMPROVED DEMAND AT THE OPENING SENDS STOCK LIST HIGHER
ijyuiguoai orriKe,
Says Local Banker
Gives Birth to 13th
Child! in 68th Year
Bland. : Mo.. , June 22. ( U. P.) Mrs.
Amanda Martin. 68, presented her hus
band, who is 70, with a bouncing baby
boy today. : Astounded neighbors pre
sented Martin with a hew suit of clothes.
It's Mrs. Martin's thirteenth child.
Gnn Formally Presented
Salem.: Or., f June 22. The five inch
siege gun? recently received by Sedg
wick: post, G. A.R., from the war de
partment was formally presented to I the
state Tuesday 'evening by the post. Gov
ernor Oicott, accepting --the gift in the
name of the state. The gun -has been
mounted!, in a prominent place on the
capitol grounds. -;
: iires to build
No fuel to- carry
No ashes tocart
Just
Touch
a
Button
Could anything be easier or more ideal for
the hot summer months? ' r
The joys of cooking on a handsome, shiny
white Electric Range are as many t as the stars
in the skies. Heat control perfect and J instantaneous;
no soot, smoke or fumes; no blackened or discolored pots
; and pans to scour. Think of the pleasure of preparing
meals with-none of the fuss, muss or worry of the old
ways. . , . . - ' ' ' j . . !
It is to your interest to call, i
Telephone Marshall 5100 i ;
- . " i i
Portland Railway, Light & Power Co.
Electric Stores
Electric Building and First and Alder Streets
Calls Ybu!
TKrouth tha bracing Northland a Journey vivid with
mat attic tcciwn l i "i i . . . . .
aattinc of sparkling lakea and towering mounUint, yea
f" "m "?.d nd loaf In n.d.'a rTv vif y"
fe-'A11?1"! ith tnU of balsam and of pin.
2 EZJZ&St tth. Dominion'.
The "Continental I imUnri'
Low Tourist Fares
Faatbomtd Tom c tfcraoali to St. 1
CANADIAN NATIONAL RAILWAYS
GRAND TRUNK PACIFIC RAILWAY
J F. McGuire, 902 Second Ave., Seattle Wash. -
K. C. Malpaa, manager of the Portland
branch of the Canadian Bank of Com
merce, haa returned to tha city after
a three months' trip to the United
Kingdom. '
The coal strike, which has been In
progress for nearly three months, is the
big obstacle that is holding back the
return of pre-war conditions of , Eng
land's commerce and industry, accord
ing to Mai pas. ' He reports, however,
that conditions In general throughout
Great Britain, considering the effect the
war had on that country, are surpris
ingly good. ,
He was accompanied on the trip by
Mrs. Malpas.
Wasco Bond Issue
Authorized by Vote
Wasco. Jane 22. At a special election
held Tuesday for the purpose of bond
ing the city of Wasco in the sum of
115,000 for the improvement of the light
ing system, water works and sewer, the
Issue carried by; a -vote of ' 127 for to
5 against.; ,
Boston Globe Editor
Dies at Age of 75
Boston. June 22. (I. N. S.) General
Charles F Taylor, proprietor, publisher
and editor of the Boston Olobe, died at
his Commonwealth avenue home today,
following an illness of more than a week.
He was born almost in the shadow of
Bunker Hill monument 75 yeara ago.
SHORT TERM KOTKS
Quotations furbished by Clark, Kendall
io., me.
Security Maturity.
Am. Cottoa Oil tit... 9-2-24
Am. T. T. 6. ...10-1-22
Am. T. T. 6.... 2-1-24
Am. Thread 6s ..12-1-24
Am. Tob. 7. ..... .j . 11-1-21
Am. Tob. 7a. 4 ...... 1 1-1-22
Am. Tob. 7a .11-1-23
Anlo Am. Olr 7i. 4-1-2.1
Armour on. 7. . ,i.7-15-3
llclBin fJor. TAt... (S-l-45
KMgian tlot. Hi, . . . .t 1-1-25
Kethlehen. Steel 7s. 7-13-22
Ttetlit'm, Steel 7 . 7-15 t;3
Kritish Hot. SUi. .'.11-1-21
BriUsb ;o. 5H.il 1-1-22
Canadian io., 5 Ha. . 8-1-21
Canadian 1ot. 5H.. 8-l-2!
Cudnhy Parkins "s. 7-1 3-1923
Ir.ter. R. T. 7s...... O-V-21
Japane-w Cot. 4 Via. . 7-10 23
Kennecott Co. 7.... 2-1-3U
Muline rkw 7a...... 9 1-21
Moline ' Plow 7. 8-1-22
Moline Plow 7s . . 9-1-23
Moline Plow 7. . . . . 9-1-24
Nor. Pac Eup. 7a.. 5-15-22
Pacific Gas 7s :. 6-1-25
Swift a '. . .... .' . g-15-21 .
t'. 8. Rubber 7a . .... 1 2-1-23
Bid.
88 H
95
05 ;
04
! i
iH (
9!)? i
f4 ' :
f!2
ji
Ji
17 -
n ;
72i;
4,
oa
04 ,
92
!
92 .
0:1
90 H
97
A'ked.
89 H
: 90 VS.
9H 95 i
100'
99
: 95 .
:
92
! 90 i
!
97 H
994
10
. 74
85
01 H
99 H
97
EARLY ADVANCES
IN H.Y. STOCKS
New York, June 22. (L N. S.) After
enjoying t a breathing spell for a day
from the downward- movement - which
had . been steadily In progress for ever
a month, the stock market again became
unsettled In the final trading today
under a ' series of bear drives against
individual Issues. ,,.-': ;
Two unfavorable announcements, one
by the Chicago Pneumatic Tool com
pany and the other by . the Panhandle
Railroad company, aided the downward
movement. The declines ranged from-l
to more than 5 points. V
Pierce-Arrow Issues were under heavy
pressure, the preferred , dropping 7 points
to 34- Steel common,' after selling up
nearly to 73, broke to 71- ! Bethle
hem fell to 43., f Chandler may be a
new 1 low7 for the year ; at 52, a loss
of 3 points. Studeby.-Vter fell to 72. Mex
ican Petroleum, after selling up to 115,
broke to 109. ,
- Total sales stocks today, - 935,400
shares; bonds, fl2.913.O00.
Pn.nu.shed hq Orerbeck
of Trade bonding:
Sl Cooke Co., Boara
Hales
MTOCK
Open
Korelirn Kxrlianpe ."Market '
Sew Tor. June 22. l". P.) Koreien ex
chanze o;ieied alishtly lower today. Quotations
included: -
'. Sterling. $3.74 H : trances. .0799: lire,
.0493; marka. .0142; kronen. .1703.
Pltez Company Rcorjranizcd
Salem, Or., June 22. Reorganization
of the loganberry juice depsirtment of
the Phex company of this city under a
new corporation to be known aa the
Northwest Fruit Products company, ac
cording ; to announcement j by C. M.
Miall. president of both companies. The
reorganization, it is understood, -will
permit of material expansion in the
i-ctivities of the loganberry, department
of the old Phes company. ! s :
Wait until you see
HEALD MENEREY CO.'S
NEW CITY MAP
A SIX Color Litho
graph Map
What We Show in Colors
PAVED STREETS...
MACADAM STREETS
PARKS
8CHOOLHOUSES
CEMETERIES . . . ,
FIREHOU8ES .......
WATER
STREETCAR NAMES .
BOUNDARY LINE..,
HOUSE NUMBERS ..
ADDITION NAMES ..
If you want - the
Heald-Menere
........ YELLOW
.BLUE
. . .. . . . . .GREEN
. ORANGE
SHADED GREEN
.RED
SHADED BLUE
. . .RED
. . . .ORANGE
. . . . BLUE
......... . ; .RED
BEST, see ' the
map before you buy.
411 ABINGTON BG. MAIN 3126
00Agr. Cbem. . . , . .
00Ajax Rubber, . . . ;
lOOIAlaak fld .....
700jAUska Juneau....
! 1 TOO AUis-C'haJmera . . .
. .'. . . do rifd . . . . J . . ,
1300 Am. Beet Sugar.
11 00 1 Am. Bosch...,.,.
1800Am. Can Co.
. . . . . j do pfd
1900Am. Car & Fdy.
. . . . . do pfd...
800f Am. Cot. Oil .
800 Am. IraB Synd..
1900IAJlied Cbem
800Am. Hide . Leather
13001 do pfd. . .
I Am. Ice, . .
300ABi. Hide t Leatheri
1300 do pfd. .......
8800 A xi. JaO. Corp. . . .
1000 Am. Unaeed. . . . . .
do pfd. ........
2500 Am. Loco...1......
do pfd . .
1600 Am. Saf. Razor. . . .
S00 Am. Ship it Comrc .
4500 Am. Smelter .... .
800 do pfd. ........
170 Am. Steel Fdy. . .'.
1 1900 Am. Sncar ......
..... 1 do -fd. .......
12400 Am Sumatra
3000 Am. Tel. & Tel. .
3 600 Am. Tobacco .....
1 100 do -B" :
10400 Am. Wool
100 Am. W. P., pfd.. .
200 Am. Zinc .......
6000 Anaconda ........
600 Asa'd Oil
500 Atchison
200 ' do pfd. -...'. V . .
14800 Atl. Unlf Ic W. L.
13400 Baldwin loco
do rfd. .......
9100 Balto. & Ohoi .'...
200 do pfd. .......
2O00 Beth Steel "B ".
1300 B. It. T. . . . ... . .
400 Butte C.
.... Butte & Sup..
800 Caddo Oil :. . . . . .
..... Calif. Parking ....
2600 Calif.- Pet. .... .
100 do pfd.
7000 Canadian Pac. . . . .
SO00 Cent, leather . .
60OCe-.ro Ie Paaco
137UO Chandler Motor . .
70O Chicaeo & N..W.. .
r00 Chi. Ut. West
R00 do pfc. '
1700 Chile Copper .
i00:Chino ;..!
1600)0. M. St. P. . .
1300 do pfd.
5H00Coca Cola .
2300, C. O... ......
lttOOjCol. F. Ac I . . .
800 Clo. Southern ...
1000 l ol. iaa & Klec. . !
1 1 OO, Colombia Uraph. : . . I
200Con tla-t ...,.,..!
.". . r . CcntL Can . ; . .
210;Cntl. Candy ... . j
64 00, Corn Prod. . . . ... .
7700iCoaden trtl )
' 1000 C. R. L . P !
100 do A pfd. . . .
10O " do B pfd.
1-5900 Crucible ........
do pfd. .....
4300 Cuba, Cane ...
5800 do pfd. . ...
2200ICuban-Amn. Sugar.
200Dome Mines j
400ilX & R.
500 do pfd. . . . . ,
400iKndicott Johnson
lHOOIKrie
37
23
32
'29'
84 H
IS
119
4
88
10
49
'-i -
ra
49
854
24 H
'78
"k"
7H
36 ,
70
25H
71 Ti
4S":'
102
117
11H
69
27 i
7
87
95
1
23 H
7 H
35 H
49 '4
48 U
10 V4
4
'iok
40 14
71
107 r
34 74
2.1
S7 '
65
7H
13S
104
22 4
24 4i
36,
28 H
49 '4
27
34
544
5
83 V
C4
29
2S"S
Bid Clostd
900
200
900
33700
52700i
9001 do 1st pfd. .
800 do 2d pfd. ......
rOOOIFamous Players . .
fed Ming & Smelt.
1001 do pfd ..... .
UIOOIFisk Tire .......
(iaston ms . , .
ien Cigars
Gen Klec . . . . :
Gen Motor . . .
do pfd 6 .
Goodyear . . . . .
Gen Asphalt . ,
OOOIGoodrich
100
300
2500
"ieo
600
1800
200
1000
"66
900
Uranby
Great Nor Ore . .".
do pfd
Oreene Cananea.. ,
Gulf B Steel
Hupp Motor . . .
Houston Oil . . . .
Ilia Cent . . . i , .
Inspiration . . . . .
Int Agr Corp, c.
do pfd . . . . .
Interboro ......
1 I
5
1 W
57 s
12 H
18
12H
59
12
' 1
544
1264
10
51 s
31
18H
26 Vi
65 H
' 29 M
114
56
88 V.
32
88 '"
9 V
37
22 V.
804
28
34 H
25 Va
77
117V4
'i6
4 hi
37 V.
10S
41
4 a .
104
41 i
83 V4
224
'isM
''4'
714
334
69
24 hi
69 hi
'HM
102H
115 hi
114 H
66
27 hi
7
351,
94
78 H
"26V4
64
24
4
424
10
io'
in'hi
71
1034
82 U
25
S2
63 4
7 '4
15.
10 Vi
21.
23 Vi
35
20
474
264
80 H
53 4
r,
83
' 1 '
62
28
26 Ti
704
5! Va
-,4 Vi
is
14 T4
ievi
s
IV.
54 Vi
114
IT
l:
55
V4
12
1
544
1254
94
474
304
18V4
26 Vi
64
' ir9 "
11
50
88
81
ik"
34 (
87 r
231
1
304
70 V4
28
84 Vi
25 i
76
117
109
15
4 hi
37
19
41
54
10
47
83
23
67
75
96
44
7
834;
68
25
69
89
464
102
115
115
7
27
7
35
94
78
75
2 I
4
95
84
49
43
9
; 4
104
104
55
37
71
104 4
33
25
52
63
7
i-;
10
21
23
35
26
47
26
34
54
5
83
43
1 .
62
28
2 7
7o hi
59
54
75
8
23
14
16
1
54
114
17
It?.
55
5"
22
12
1
544
125
10
61
- 7
47
80
18
26
64
21
29
11
504
88 ,
31
84:
88
3
gaMa
STCK
2001 do nf d ...... .1.10
ISOO'lnterrtate Callahan. I ? 4
Open " fed ITESa
4800 Int Hin
UOOjlnt Mere Marina. . .
1200) ds pfd .......
1500Int Nickel ...,..
ISOOjlnt. Paper ,. . .
I 1 do pfk . . n-,
8 800lnTincible Oil . . . .
2800Uland OU . . . . . . .
ISOOiK C Southern,
200IK. C. pft.......
4 1 OOiKelly-BPCfld
4300IKennecott
10
1700
160
00
400
100
200
..... I
48600
600
1OO0
1000
200
200
8066
2000
,1400
"boo
1000
600
MOO
Keystone Tire
Lack. Steel ......
Lev Tire- ........
Lenten Valley . . . ,
Loriilard ........
U it N.
Maxwell Motor . .
do 1st pfd. . . . ,
do 2d pfd.. ...
Me. Pet. .......
Miami . . . .-.; . . ..
Middle- States Oil .
MidTale Steel . . . .
M. K. t T....i,.
do pfd. ......
Mont. Power :;.-..
Mo. Tae. . . ......
do . nfd. ......
Mont. Ward ... . . .
M. St. P. & S. S. M
M. & St. L. ..... .
Nat. Enamel : . . . . ;
Nat.. Lead ........
Ne. Con. . " . . . .
New Haven
SOOl.Norfolk & W. . . j ...
6300 Nor. Pac. ........
. . . . , Nora Scotia Steel . .
. . . . . N. Y. Air Brake..
1000 N. y. Central....
1500 ukla. Prod. ref...
600Ontario Silver
Ontario , W.. ; .
300Otia Steel ; .. .
25O0iPacific Oil . . J, . .
; 500Pac Gaa Ac E... .
3200Pan. Am. Pet. "B".
19900Pan. Am. Pet.
; 4000Penna.
1400 Peoples Gas
2700Pere Maxquette... .
. .... IPbiladelphia Co , .
4000iPure Oil .......
8000Pierce Arrow;..!..
22400iierc Oil
1600 Pitts. Coal ' .. . . .i . .
SOOHtta. & W. kr..
I do pfd. .......
300iP. Steel. Car
900Pullman ' . . i ; . .
200Hay. Coca.........
7 TOO Heading ..........
600Keplogle 8teel .
3800Rep. I, Ac 8.-,....
lOOiKep.; Motors. . i . . .
11000ltojal Dutch - Oil. .
200Ry. Steel Sp... .
a. o. ina
23300
200
100
1900
800
6000
1900
l666
Sean Roebuck .
ti hat tuck. Aria.
Shell T. A T. .
Sinclair - . . . . .'.
Sloss Shef.
Sou. , Pacific . . . , .
Sou. Ry. . . i ... . .
do. pfd.
St. I. & 8. V. . .
400Strombcrc Carb. . .
39500iStudcbakor ......
ISwift & Co. ......
OOOjTenu. Cop. & C. .
2flO(IOl eiH.1 Oil . ......
2300iTixa Pac. . . .
4300jTex. Pac. C Sc. O. .
4 00 1 Third Are.
1400Tob. Products ....
fSOOITnm Contl. Oil...
llOOll'nion Oil Del.....
4900L"nion Pac. ......
40OiCniid AUo i .
..... Il'nited Orug
2000 I niU-d Food ITod. .
SSOOil nitcd ruit
...... .l". Retail Stores. .
2900 1 C. 8. Ind. Alcohol.
2so!C. 8. Hub .
, KOOi do 1st pfd
Hill I ;
5440p;t-. vs. Steel
lrtJ do pfd. v . . . .
180;rtah Copper.....
00,Va. Chem. .......
120 1 Vanadium Steel...
..... I Viirandou ....... .
200 Waba h
1500j do A pfd : .
. . . . . do B pfd
. . .. . ': jWells Farjfo
5 0OJ Western Pac . . . . .
. . . . .jWesiern t nioti . . .
. , . . . IWesCbse A. B
400Wet Md. . . . . t . .
700i White Motors.-. . . .
2500Villys Orerland. . ..
2500 do pfd. . . .
10001 Wilson Packing. . .
.... i i Wisconsin Central. .
1 OOiWoalworth .......
8001, Worth. -Pump...-.-.
500! w. a L.
S. ' Smelting . . ,
85
10
48
14
32
8
24
49
89
184
101
86
3
115
20
11
23
2
ST
18
ii
7
io
18
67
67
I. ....
10
84
ei
44
49
32
47
18
264
194
65
26
66
95
65
21
46
14
49
76
9"
6
40
21
84
71
19
21
31
744
7
32
21
20
13
53
8
18
114
21 ,
17
103
52
63
58
92
T3
106 '
50
25
28
20
24
31
7
32
I. . . , .
i 43
!: K
'I uUl
TcUl
saie stockf,
sales bond-..
J 1' 16
' 4 . 4
83 88
10 10
i 47 47
13 I 18
. i.... 50
..... 90
10 11
2 8
33 23
49 49
36 86
18 174
; 10
34 34
25 25
, 48 47
140 .
, ..... 107
8
3 ; 8
, . 1
107 109
, 2ft 19
10 10
22 22
2. ,2
4
..... 48
.17 17
85 86
17 17
, . . . . . 61
10 10
45 44
7 1
. 10 10
15 15
91 9U
66 66
. 21
.....
66 66
1 1
.m... 8
..... 17
9
23 '32
50 50
41 42
46 46
82 82
47 46
16 16
. . . . 80
26 26
15 15
8 8
84 55
23 23
72 .
65 66
95- 94
.. .. . 12
62 63
20 20
44 44
14 14
47 47
76 76
03 :
65 65
6 6
40 40
20 20
38 83
69 69
18 .18
43
204 20
29 29
71 71
91
7 T
80 31
20 20
18 19
13 13
50 50
7 8 -
1 1
113 113
20 21
..... 87
16 10
101 101
52 51
31 f 50
56 56
01 91
, . . . . 28
71 71
106 106
47 47
24 25
26 26
6
7
19V4I 19
. 13
, , . . . 53
23 24
..... 87
..... 89
9 9
30 30
7 7
29 29
. . . 33 '
...... 27
108 lo
43 40
8 7
812.913.000.
Forrien Bond Slarkef
Furnished' i. Overbeck & Cooke Co.
Pussian 5a 1921.,..
Russian 6 1926.,...
Ru.Hjan G4 1919....
5s 1931 .......
4s 1917... .
5s 1920. ......
5s 19JS.-.. . ...
5s 1922: ......
5s lt2 7. . . .
5s 1929 ......
ky. 4.
French
French
I French
Italian
British
British
British
British
P.riti h
The Best Funds for Travelers
Travelers' Cheques
i f ' ' , .
F you are liberally supplied with A. B. A.
Travelers Cheques, you are prepared for al
: most any emergency which may arise not
only in America, ; but in any i civilized country.
These self -identifying, sate and convenient funds
for travelers are readily accepted everywhere.
YOU CAN GET THEM AT THIS BANK
v :) ;i:ri--if-i y .yi f q : :V; 'v; '-."-:... s i i
We Also Issue Travelers' Letters of Credit,
payable in all parts of the world. ,
A : DID 7U11
5; 1
ref. 4. .
Belcium rest 5s....
Belgium prem. 5s,:
iermansW. I 5s. ,
B'rlin 4s
Hamburg 4s ......
Hamburg 4 s . . . .
Leipsig-4 a ......
Leipsig 5s ... ...
Munich 4s .
Stunich 5s ......
Frankfort 4s .... .
JaP 4a
Jap 1st 4i.....
Jap 2d 4a... ..
Paris 6s . . ... . . .
V. K. 5 s 1921 . .
V, K. 6s 1922. .
V. K. 5 a 1 929 . .
U. K-.. O hit 1937. .
. Bid. Ak.
14 16
. 3 S 4
15 17
63 . 64
5 51
72 78
39 40
377 387
36H 876
366 376
286 'J96 .
268 273
e 7
71 74
11 12
11 12
13 15
14 . 14
13 14
14 16
13 14
14 16
14 .15
68 , 69
. 84 " 85
84 85
'99 99
99 99
97 97
87 88
83 r 83
' FOREIOX EXCHAXOB KATES
Corrected daily by the foreign exchange de
partment of the United States National bank. '
Quotations below, except the pound sterling,
are quoted on the baaia of 100 Urals foreign
currency.
Opening nominal rates on. bank transactions
Draft Cable Par
London- Checks. Transfers. Value.
Ibi sterling.. $ 3.73 t 8.74 8 4 86
Pans Francs . 8.01 8.02 19.03
Berlin Marka . 1.42 1.42 190.1
Genoa. Lire .. 4.97 4.98 19.80
Athena
Drachmas ... 6.25 6.30 " 19.40
Copenhagen
Kroner 17.00 17.05- . 26.70
ChrMiania
Kroner .... 14.20 14.25 28.70
Stockholm
Kroner . . . . 22.30 22.85 ...,'.
Hongkong .
Currency ... 50.00 50.25
Japan. Yen ... 47.75 48.00
Shanghai Taela 67.25 67.75
Furnished
Atchison Genl. 4 . . . . .
lialt. A Ohio Gold 4a . .
Birth. Steel Ref. 5s .
Cent Pacific lt 4s.,.,,
C BJ A Q. CL 4s.
St. Petri Gent 4 s. . . ,
i. N. W. Genl. 4a. . . .
1. A N. Unl. 4s,.
New York By. 6s. ......
North. Pac. P. U 4s...,
Reeding Genl. 4s
I'nion Pac. lit 4s......
IT 8. Steel 5s. . .......
I'nion Pac. 1st Ref. 5s. , ,
fAnth. rne. Cn H.. .
South. Pac. Con. 4s. . . ,
Pcrna.: ConT.- 4 s.
P. i na, 1st 4 a . . i ... . ,
("lies. A Ohio Coot. 5s, ,
Ore. Short Line 4s....,
York Bood Market
by Orerbeck A Cooke
Bid.
74
64
80
70
9 9 86
64
71
78
18
73
72
77
94
73
P.
73
K
81
79
79
Co.
AkeL
74
65
80
70
9988
65
74
- .81
21
75
72
78
94
73
73
82
81
79
PACIFIC COAST BARK STATEMENT
Portland oanas
Clearing1 . Tliiweek Teararo.
Monday. ...$ 5.561.025.51 . S 6.844.690.1S
Tnewlay .... 4.883.711.73 4.913.737.83
Wednesday.. 4,241.737.61 4,674.037.83
Clearings
Balances
Clearings
Balances
Clearings
Balances
Clearings
Clearings
Spokane
Wednesday . .
W'edneeday .
- Taooma
Wednesday
Wednesday
Seattle
Wednesday . . . .
Wednesday - .... .
san Franeiaow
Banks
.8 1,
Banks
Banks
543.889.00
542.974.00
530.R57.00
118.282.00
Wednesday
Lea Anoalss Banks
;.t 4.485.789 00
. . . 95S.S07.Otl
Banks
$20,900,000.00
Wednesday
.813.204.885.00
f ' Libert) itend 8aleg
Reported by Orerbeek . A . Cooks
Boara ol Trsae building;
Liberty
Liberty.
I jberty,
Liberty.
Liberty,
liberty,
liberty.
Victory
Vic tor v
3 s ........
Fin-t 4s......
8"Cond 4s....,
.First 4s.....
Second' 4 s. . .
Third 4s.. . .
Fourth 4s...,
4
High.
8793
8756
8688
140-0
9842
3s . 9842
8740.
8?40
R674
9180
S4
9886
9840
Close.
8743
8742
8666
8752
8684
9188
8692
9840
9840
COAL PURCHASES
ARE VERY LIGHT
Pittsburg, June 22.- The public
has not responded to repeated urg
ings that : domestic users purchase
coal during the summer months to
avoid the high prices of winter. This
is attributed to the fact that summer
purchasers last ' year paid 'record
high prices.
.Philadelphia. June 21. The tonnage
of bituminous coal handled by the Head
Ing railroad for AprWwas 1,132,000 tona,
the smallest of the year. 458,000 tons
under April. 1920. The road hauls much
coal to the Bethlehem steep plant and
because of dullness in steel, the tonnage
being handled now probably is below
the April average. Better grades of bt
tuminoua now are selling; at from $3.50
to S3. 75 per ton at the mine with the
lower grades ranging from $2.10 to $2.30.
DRUGS
- New Orleans, June 22. Trade in drugs
of this section is keeping up remarkably
well and la fully equal to that of last
year. Country trade is improving, but
still Is about 20 per cent under the sales
of 1920. Foreign business Is increas
ing. -..,,-..,.
New York. June 22. Producers of blue
vitriol have announced an advance of
ii cent a pound, making' a schedule of
5.5 cents a pound in carload lots and
5.62 cents for small crystals.
DYES r ; - -
;-'New York. June 22. Big consumers
are undoubtedly showing more interest
in the dye market and there has been
a - decided increase : in inquiries. Pure
benzol is scarce and prices are well
maintained. Phenol is unchanged and
quiet. Paranitranillne is without ma
terial change.
METALS ;
New York, June 22. Rapidly improv
ing statistical position of copper has
failed as yet to Induce purchasers to
buy against future requirements. There
is no change in , the domestic copper
market situation. Consumers are tak
ing only : what , they actually require,
but an increase is predicted soon.
New York, June 22. Refiners report
the production of new platinum metals
in the United States for 1920 aggregate
41,544 ounces, of which 36,015 was plati
num. This represents a decrease from
1919 of 3565 ounces. . ; ,
TEXTILES ""
Buenos Aires, June 22. German capi
talists are planning huge Investments In
the textile industry in, Argentina. Ex
perts already ; are studying the situa
tion and William Kaufman, a German
manufacturer, is reported to have raised
9,000.000 pesos to start an Argentine
plant. .
MEATS
New York, June 22. Butchers through
out New York state report that mea.:
sales are down nearly , 10 per cent.
Cheaper cuts are being sought - and
porterhouses and hind quarter cuts are
being neglected in favor of chuck steak.
stew meat and pot roasts.
DRYiiOODS
New York, June 22 Many merchants
and manufacturers engaged in the piece
goods' trade are urging that, all vaca
tionsof employes be completed by the
middle of July, as it Is their belief busi
ness for the spring openings will begin
before that time."
GSOCERIES . .
' New Orleans, June. 22. June sales in
groceries so far this month are at least
10 'per cent ahead of any similar period
this year. They still are falling ma
terially behind those for early June,
1920, however.
suming operation in preparation for a
revival of business. ' Construction work
is about to start 1 on tha Mid vale plant
of the Canton Brick It Fireproof ing com
pany. .- . ,.
C M. Schwab, addressing students of
Stevens Institute of Technology,' say a
greatest era of Industrial development
in history of the world is dawning.
President Teagle of Sinclair Oil pre-J
aicta decline or -production or petroleum
In United States. Says new confiscatory
Mexican export tax will defeat itself.
. Ford Motor officials predict approxi
mately 105,000 cars will be built In June
at Detroit plant, breaking all records of
any one month in company's history.;
A large number of conservative- stock
exchange houses are recommending, pur
chases of, good securities t hold on the
ground that they are investment bar
gains at current levels.
Its bonds due Way
state treasurer, are
Reedsport Has Not
.Defaulted on Bonds,
Is Hoff j Statement
Salem. Or., June 22. Press reports to
the effect that the city of Reedsport had
defaulted in the payment ol Interest on
1 last, held by the
denounced by State
Treasurer Hoff as untrue and unjustified
by the facts and as only tending toward
destruction of the credit of the munici
pality Involved, i '
"To correct any impression that may
have been conveyed by recent newspaper
statements that the city of Reedsport has
defaulted in the payment of; interest on
its bonds due May ; 1. 1921, held by the
state treasurer, please be advised that
this interest has been paid in full," reads
a statement prepared by Hoff.,
It frequently happens that' there, are
l few days delay I In meeting interest
payments due on the bonds of the vari- r
ous Oregon municipalities, but this Is
never arpnsldered sufficient reason for
publisKtKg to the world that (they have
defaulted in their obligations, thereby
discrediting the municipality and depre
ciating the value of its securities.
"It impresses me that fair play to Ore
gon municipalities entitled them to rea
sonable press assistance in meeting their
obligations rather than attacks that can
only result In the destruction of credit."
WOOL '
Belmont. N. Y.. June 22. The sheep
men of this section who have stored
their wool for a number of years have
decided to market it at Syracuse at pres
ent prices. '".-.' ' ,
FLOUR :
Minneapolis, June 22. The annual hot
weather strike of housewives against
baking has increased demand for. bakery
products. To this is attributed In
creased ; demand with consequent im
provement in the flour trade. T
BUILDI3IO MATERIALS
Pittsburg, June 22. Brick plants at
Port Washington and Richville are re
Banks Underwrite
Wenatchee District
Loan 'of $500,000
Spokane. Wash.. ! June 22. Banks of
Spokane. New York . and Wenatchee
have underwritten a loan of from
$300,000 ! to $600,000 for the Wenatchee
niRiTir-t Cooneratlve association. The
issue is of the- 8 per cent serial crop
moving notes and is a new plan In the
Northwest for financing cooperative or
ganizations. : . ' " ' .
J. K. McCornack, president of both
the Union Securities company of Spo
kane and. the Kirs National bank: of
Weuatchee, announced completion of
the loan today. Edgar . L Bmith, rep
resentative of two! New York banks,
has been In Spokane for several weeks
to assist in the transaction.
Van Winkle Gives
Oninion on Notes
- - - - - -- ..
Vaiom, June 22 An opinion written
by Attorney General Van Winkle for
the Information of Frank C. Bramwell.
state superintendent of banks, holds
that a note given by. a bank, to another
bank as collateral security may be held
by the bank to which It was delivered
until the note secured by the same has
been fully ' paid. - The fact that the
,nk rivinv th note -and collateral se
curity has since become
ot affect the situation
opinion points out
insolvent does
in the least, the
HOPEFUL SIGHS
IN WOOL TRADE
By Rdaon B. Smith - . .
Special Correspondent of Tha Journal
Boston, Juner22. A mere hope
ful, feeling characterized the wool
market today. The new tariff pro
visions have not caused any advance
in quotations for
there Is greater confidence in the
stability of present prices, particu
larly aa all the woolen mills of New
England ace operating near capacity.
There is business to be had if the New
Kngland manufacturers ake proper
measures to secure it; ThaVe are cases
of. two factories making thafsame line in
the same city where one Is Working night
shifts and the other Js parti jc shut down.
The margin of profit in general is small,
however.
Ttetail sales continue to hold up. The
actual volume of goods movhig Is laruer
than In 1920. although prices of many
articles have been reduced materially.
The recent drop in the price of oottorr
caused .further unaettlement of reotton.
goods and prices again are being shaded.
1 he buying of automobiles has flattened
and there is a plethora of used cars on
the market.
NEW CORPORATIONS ,
Salem, Or.. June 22. Organized for
the purpose of promoting a differential
for automobiles patented hy Y. W. Seeck
of Lebanon, -the Seeck Differential com
pany, with headquarter -at Lebanon,
Linn county, filed articles of incorpora
tion with the state corporation depart
ment here Monday. The corporation is
capitalized at $100,000, with the follow
ing incorporators: K.'w. Seeck, Clar
ence Ingram and H. J. Seeck.
Other corporations filing articles were:
-Goldman-Hall Knglne company, Port
land ; $15,000 ; K. C. Knapp, J. w. Hall
0.B. Goldman.
Moore A McGlll, Inc., Tortland ; $10.
000; H. F. McCill, G. M. Moore. A. G.
Rushlight.
Motorlogue Publishing company, Port
land ; $5000; Herbert 8. Brynlng ; K. II.
Brynlng and M. L. Ham.
Warrenton Investment company,- As
toria ; $50.000 ; J. S. Delaney, A. L.
Brown, John Campbell.
Springbrook Packing company, Sprln?
brook, Yamhill county; $7500; J. A. Wen
dell, J. H. Kees, A. K. Newhouse,
Resolutions of diHHolutlon were filed
by the Orwa company of Portland and
the Murphy,. Paint company of fendU
ton. The Noll-Welty Lumber company, a
Colorado corporation, filed a notice sig
nifying Its withdrawal from this state.
The Western Forest Products com
pany of Portland, caphalied at $25,000.
filed articles of incorporation with the
state corporation department here Tues
day, The incorporators are O. B. Hani
man. R. O. Rowley and Paul R. Chaney.
. Articles were also filed by the Ameri
can Automatic Airplane Stabilizer c t
. ... .... .tI rariilalizl at r,mi);
incorporators R. E. Bondurant, F. G.
au.;.ti .... .an Wugh.
The Mount Tabor club. F: . A. loty,
president, and Adelia M. ; King, vice
president, also filed articles Tuesday.
l.e capitalization of the club is given
as $10. -
A certificate filed with the department
by. the Northwestern Klectrlc companv,
a Washington corporation. hown an in
crease in capitalization frem $12,000,0'ii
to $22,000,000. ' '
An inr-.reu.fu In f-Riif t m 1 frmn t.r0.000 ta
$200,000 Is showh. in a certificate filed C
by the Geo. T. Mlckle Lumber company
of Portland. .
Resolutions' of dissolution were filed
by the Portland Wpod Pipe company.
Silets Lumber- & Logging company . and
the Fails City Lumber & Logging com
pany, all of I'ortland. i, e
Business In Portland .
Kalama. Wash., June 22. Gilbert
Scott made a busines 'atrip to Portland
Monday. Scott has a -fine farm on an
Island in the Columbia river near Mar
tins club and specializes : In -garden
truck ' and sheep-raising. - ' .
History Will Repeat Itself
Post-war conditions of today, insofar as the bond market
is concerned, are no different than they have always been
after huge conflicts, except in the matter of degree. Prices
always drop yields increase and that the time invest
ors buy and upon recovery reap- high profits. We un
reservedly recommend : .
6 IMPROVEMENT BONDS
Income Ta Exempt-
GIT Y OF IDAHO FALLS
Idaho's fourth largest city. Wealthy, backed by 1,000,000
acre farming region. A bond that is a legal investment for
Oregon saviners banks. Denominations $100, $."500, $ 1000.
PRICE TO YIELD 7
20-Year 7V2
Non-Callable External .
Gold Loan Bonds
10-Year Improvement
; 7 Bonds
Gfeybull, Wyo.
Ihe site of the .great oil refin
eries of the rich Wyoming fields.
Also rjiilroad city and the cen
ter of at- wealthy farminj: region.
Over $tiOOO,ooo security for this
$7 5,000 issue.
I Yield 7
r
Frqnch Republic
After France's defeat by Prussia
50 years ago her bonds went far
below par, then rose above it.
History will repeat itself, partic
ularly as she is now a victor.
Price 95, Yield Over, 8
rJicxrai(
BROADWAY AND OAK
OWNERS
frequently
find that the
time, spent in
managing their
property is
worth much
more to them
than the fee for
a more com
plete manage
ment service
Strong 6 MacIIaughtoii
C0HSCTT OUILOlNO
PORTLAND OREGON
Municipal and Provincial Bonds
We offer for Investment f your. June and July funds twsetect lbt ot
Foreign and Domestic Bonds yielding;
6 to 8 ' .
Descriptive circulars upon request. )
WESTERN BOND & MORTGAGE CO.
Grossd Floor, Board at Trad Balldlac;. Mala IIS
PORTLAND, ORKUOX M KOCRTK STREET
Our New
Quarters
arc modern and up-to-the-minute.
And
our location Second
and Stark is very con
venient for you.
HOURS-8 AM TO 530PM ;
SATURDAYS-8 AM TO 8 PM.