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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (July 21, 1921)
THURSDAY. JULY 11. 1WL 16 THE OREGON DAILY JOURNAL. PORTLAND, OREGON IUUN NDUSTRY NEAR TO CAPACITY Boston, July 31. Manufacturers of woolen cloth are operating close to ca. acity but at very moderate profit. Vool is heavy in tone. Thanks to a Vrpe supply of cheap wool, the carpet HIs are operating successfully. The apply of wool in tb country is said to s sufficient for two years. -Bradford, Rngland, July 21. Woolen sports to America- for June from this ;nter totalled 214,275 pounds sterling. '.arna furnished the main item with a valuation of nearly (4.000 pounds. - KKlf OOODS tfew York. July ZL Unexpected e- laml for bathing suits has forced some f the knitting mills here to operate kree eight-hour shifts to meet re nders for immediate delivery. It is re cited that the United Knitting Mills - as received a $10 000 order for sweaters JSd capes from South Africa. STKEL New York, July 21. The American ribcomotive company has booked orders $f 51 locomotives for foreign countries. if these, 31 will go to Mexiconine to i tuna, six to Trinidad and five to Japan. .Cleveland. July 21. The Ohio Body & : flower company, makers of automobile !odies and ventilating systems, reported oday that last week's business was the est recorded this year. The plant is derating 80 per cent of capacity. New York, July 21. Estimates here lace the total number of railroad cars at of service at 720,000, of which 340.- 0 are said to be in bad order with the eniainder idle because of lack of busi i'ess. Immediate movement Is expected repair work. LEATHER Boston, July 21. Increased bookings by shoe manufacturers for fall delivery rtas induced some makers n make mod- orate sized purchases in special lines of leather. Increased business in leather Is oxpected within 10 days. JCew York, July 21. An intensely dull rferiod is being experienced in the leather market here. Holders appear 'Mainclined to make concessions and manufacturers and cutters of sole leather are averse to placing orders ex ipt for Immediate delivery. COTTON e-onroe. La., July 21. Many farmers here and in Arkansas are plowing up cotton which has been infested with boll weevil .and planting feed crops. Agri cultural experts are advising the farm ers not to plow up their cotton but to keep it for, feed as the foliage becomes luxuriant after the weevil infestation. 'London, July 21. Laws limiting areas sown to cotton in J-gypt to two-thirds of each planter's holdings, will be con tinued two years longer. Tbey have Had the effect, it is said, of establishing triennial rotation with advantage both to yield and quality of cotton. HIDES -- New York, July 21. It is reported Dam Montevideo that 10,000 campanas Frigorlfico steers, June salting, have been sold to a United States buyer at 142, which is equivalent to a price of bout 14 to 14 cents locally. i IRON Chicago. July 21. Pig iron brokers here have announced a reduction in price of 50 cents a ton for all grades. POTTERY - Atlantic City, July 21. The National Brotherhood of Operative Potters today QBsldered to what extent, if any, the members of both the general and sani tary branches of the organization would meet the demands of employers for wage reductions. Present agreements are op erative until October 1. RUBBER New York, July 21. Transcontinental railroads have reduced freight rates on crude rubber from Pacific coast ports of import to points in the mid-West, in cluding St. Louis, Chicago and Minne sota and Wisconsin cities. The reduc tions range from 75 cents to $1 a hundred pounds. Prices for rubber In this mar ket show a slight advance. OIL a Cleveland, July 21. The Standard Oil company of Ohio has reduced the whole sale price of gasoline a half cent a gal lon, to 21 cents. Similar reduction has been made ty retailers. CARPETS 'New York, July 21. New price lists on SHgs announced today by Alexander Smith & Sons will become effective next Monday. Nine by 12 Axminsters show increases from 60 cents to $1.20. Car- Port of Astoria $100,000.00 Offer $100,000.00 To Individual Investors AT PRIVATE SALE ON AND AFTER AUGUST 1, 1921 MUNICIPAL COUPON GOLD BONDS A la Denomination On and after August l, 1921, there will be on private sale by the Port of Astoria, through Mr. Frank Pattern, Treasurer of the Board of Commissioners, ? 100,000.00 (par value) 6 Municipal Coupon Gold Bonds dated January 1, ,921, in demoninations of $1000.00 each. Serial numbers 3926 to: 4025, both inclusive, and maturing January t, 1926, without option, as authorized under Ordinance No. 33. for the sum of ninety-eight cents on the dollar, together with accrued interest from July 1, 1921, to date of delivery. These bonds bear interest payable semi-annually on January t and July 1 of each year. Principal and interest payable at the Fiscal Agency of the State of Oregon, New York City. New York. All inquiries should be addressed to the undersigned. FRANK PATTON, Treaaurer. Port rf Astoria, Astoria, Oregon Dated at Astoria, Oregon, July 15. I92t. pets, tapestry and velvet rugs show no change. METALS i New York, July 21. Large copper producers still are demanding 13 cents a pound for copper while small dealers are selling slightly under that price. Italian Chamber Is Interrupted by Biot Rome, July 21. (L N. S.) A fight be tween Socialists and Fascist! on the floor of the chamber of deputies resulted in a suspension of the sitting today. The h'e was precipitated by Deputy Mil i. Socialist, who continually in ter ru. Fascist speakers. Inkwells and other missiles were thrown and one Socialist was painfully injured. COTTON TRADE STRENGTHENED New rferk. July 21. Some divisions of the cotton goods market have been ma terially strengthened in the last few weeks by increased demand for export to the Far East. The call has been largely for branded narrow sheetings and similar merchandise and several In dependent deals have been consum mated with Chinese houses. Chinese importers have shown a willingness to pay a premium of from an eighth to a quarter of a cent for leading brands which have been long established in the China trade. The volume of these orders has been small compared with the pre war period but the increase is taken as a favorable sign. OKE TRADE SLOW Cleveland. July 21. The ore carryins trade on the Great Lakes continues to be exceedingly quiet, reflecting the dull ness in the steel and iron industries which has been marked this year. Ship ments of crude ore to this port from the head of the lakes for. the first six months of this year totaled only 6,371, 227 tons copared with approximately 17,040.000 tons loaded in the first six months of 1920. COAL MINES QTJ1T PottsviUe, Pa., July 21. (L N. S.) A large number of collieries have been sus pended here for the remainder of the week. This is the first time that real slackness has hit, the anthracite coal re gion. Operators say there is practically no sale at all for steam sixes of coal. Standard oil Stocks Furnished by Orerbeck & Cooke company Board of Trade building. Hoeinc Bid Asked. Anilo . 14 15 Home Scrysraer 840 860 Bnckeye .. 78 80 Cheesebronth 10 180 do pfd. 9 09 Continental 103 108 Crescent i . . . 28 28 Cumberland 115 125 Eureka 78 81 Galena common 32 34 do old pfd. 70 04 do new pfd. 87 90 Illinois Pipe '. 150 1S4 Indiana Pipe 74 78 National Transit 23 24 N. Y. Transit 185 140 Northern Pipe 87 90 Obio Pipe 288 243 International Petrol com 10 10 Penn. Mex 10 20 Prairie Oil 44TT 415 Prairie Pipe 178 182 Solar Kefs. 330 350 Southern Pipe 70 81 South Penn Oil 165 170 9. W. Penn Otl 58 62 8. 0. California . 78 78 S. O. Indiana 66 66 8. O. Kansas 630 550 8. 0. Kentucky 870 880 8. O. N. Y 802 80S S. O. Ohio 3H0 380 do pfd. 108 110 Swan 4b Finch 30 35 Washington 25 80 8. O. Nebraska 150 160 Imperial Oil 80 85 Money and Exchange New York. July 21. ft N. 8.) Can money on the floor of the New Tbrk Stock" Et change today ruled at 5 per cent ; high. 3 per cent; low, oH par cent. Time money was steady. Kates were 6 W 0 '-a per cent. The market for prune mercantile pa per was steady. Gall money in London today was 3 4 per cent. Sterling exchange was steady, with business in bankers' bills at 33.58 for demand. Yorrirs Exchange Market New York, July 21. TJ. P.) Foreign ex change; opened weak today. Sterling. 53.57. oft 'i ; francs. .0.7 1 liies. .0446: marks. .0120. Foreign exchange closed tower. Sterling 33.58. off ; franca .0773; lire .0447 marks .0130. Now York Coffee aad ssrar Near York, July 21. Sugar quiet; raw, $4.50 4.61; refined, quiet; granulated, $5 20 5.00. Coffee No. 7 Rio spot. 60j8c: No. 4 Santos. 8 9 C . San Francisco Barley Market San Francisco, July 21. (TJ. P.) Barley Spot feed, per cental. 115 0125; shipping. 130 140. Winnipeg Cash Wheat Winnipeg. July 21. Cash wheat No. northern. $1.83; No. 2 northern. $1.80 No. 3 northern, $1.77: No. 4 northern, $1.63 track, $1.75. Narnl Stores Market New York, July 21. (I. N. 8.) Turpen une: aarannsn, oisoise; .New York, 52c. Rosin savannah. 3.70; New York, 5.10 of $1000.00 Each PETROLEUM MEXICAN OIL IS SHOWING A LOSS New York. July 21. (L W. &) The stock market closed steady today. The market was steady in the last hour. most of the leading issues moving up 1 point from the low levels. V. a Steel rallied to 72. and Re public Steel rose to 4514. Mexican Pe troleum moved up 2 points to 102. and Pan-American recovered over 1 point to 48. Studebaker rallied from 77 to 77. and Famous Players advanced 1 to 45. There was a good demand for the rail road stocks. Southern Pacific advancing over 1 point to 77. and Canadian Pacific rose from 109 to 110. Government bonds, unchanged ; rail road and other bonds, irregular. Total sales stocks, 291.200 shares ; bonds, 811.855,000. New York. July 21. (L N. S) The stock market opened generally heavy this morning, although there was firm ness in spots. Mexican Petroleum was down to 102. Atlantci Gulf un changed. 21. Bethlehem Steel B w down at 46. Republic Steel m off at 44. Gen. Asphalt declined to 49. U. S. Rubber was up at 51. Crucible Steel was down at 54. Baldwin rose to 75. Stude baker was unchanged at 79 and To bacco Products was up at 56. The feature of the market during the forenoon was the continued Indifference to important developments. This was shown not only In the lack of response to the reduction in the federal reserve discount rate, but also in the manner in which Republic Steel held steady in the face of the bad quarterly reports. Mexican Petroleum- was again in sup ply, falling over 2 points to 191, and Pan-American broke over 2 points to 46. The Leather Issues were some what active, American Hide Leather pfd. moving up to 52, while Central Leather yielded to 36. Studebaker was weak, falling 1 to 77. U. S. Steel was quiet, hanging around 72. The railroad stocks were featureless. Furnished by Orerbeck A Cook company. Board of Trade building. I High Low j Bid" Baku STOCK Advance Rom 18 39 83 20 1 3S 31 29 38 26 80 123 1X4 18 4 11 51 66 32 do l pfd Agr. ('hem. Ajax Rubber Alaska Gold ! Alaska Juneau . 200ADied Chem. . . . . 200jAllis-Cbahae Am. Beet Sugar . . 100 Am. Bosch , A m. Can Co. .... I do pfd. 200 Am. Car A Fuy. . 100, do pfd. Am Cot. oil 1 00; Am. Drug Synd. . . Am Hide A Leather 900 do pfd. 400. Am. Ice 700 Anx Intl. Corp, . . .... (Am. Linseed do ptd. 100, Am. Loco do pfd. 200 Am. Saf. Raxor . . SS 32 33 38 31 33 ,124 124 124 134 '4 52 56 33 4 61 66 32 24 67 81 102 4 6 36 69 26 4 6 36 '26 ' 07 47 104 122 4 6 36 26 7 46 1200, Am. Ship A Gomrc 300' Am. Smelter . do pfd 200 Am. Stoat Fdy. Am. Sugar . . . 1700 200 67 do pfd. 1400 Am. Sumatra 47 OO0 Am. Tel. A Tel. 108 121 108 121 1200 2300 a. Tobacco .... a. Wool do pfd. ..... do P pfd. ... 69 88 68 '.14 23 Am. Zinc 8 400 800 200 Anaconda Asad. Oil Atchison 37 83 78 21 76 so' ' 51 46 87 88 " 78 20 75 88 50 48 37 07 S3 78 do nfd. 7400 AU. Gulf A W. L. Baldwin Loco. . . . 21 75 do pfd. 95 800 Balto. A Ohio . . . 38 600 2aoo do pfd. 50 46 10 Beth. Steel "B". B. R. T Butte C. A Z. . . . Butte A Sup Caddo Oil Cat Packing Calif. Pat. 4 12 10 56 83 68 no 36 25 48 63 7 16 10 23 26 100 200 100 10 10 37 33 57 33 ill 36 25 49 63 7 do pfd. 2600 5700 300 4900 800 Canadian Pae. . . . t en. Leather iCerro de Pasco . . . 109 36 25 Chandler Motor Chgo. A H. W. . 48 63 7 17 10 '26 40 29 54 26 55" 4 200 Chi. Ut. W 100 do pfd. 17 10 26 40 55 26 55 4 1 OOOtChili Cop. Cir.no 100 C, M. S' P 1 1 00 i do pfd. 5900 Coc-i Com 1500 C. A O 200 Colo. F. A I 100 Colo. Southern . . 700 CoL Gas A Elec . . 2000 Columbia Graph. . Con. Gas 1 4 00 Coatl. Can 2200 Contl. Candy . I 40 I 29 I 54 I 26 I 36 I 54 I 4 , R5 Vb . .1 43 l 66 27 32 74 2600 Corn Prod. 66 27 32 74 63 54 77 23 14 7 17 1 62 700Coden Oil 27 31 74 2700 C. R. 1. A P. 100 100 2800 500 do A do B Crucible pfd. pfd. 34! 53 do pf A Cuba Cane 25 14 2004 do pfd. 24 14 400 Cuban Am. Sugar . Del. A Hudson . . Dome Mine. . . . . D. A EL G do pfd. I. 100 5100iKndiott Johnson. 63 ' 13 19 62 1 00rie 900 do 1st pfd. . . . 100 do 2d Vd. OOOO Famous Players. . . 13 13 10 19 I . 45 6 22 II 1 56 47 44 I Fed. Ming. A Smelt. I do pfd. lOOiFlak Tire ... .... kiaatcn Wma. lOtXJen. Cigars .. 30O)Gen. Elec . . . I960 tJen. Motor . . .... Hien. Hot. 6 7600 Gen. Asphalt . 400 Goodrich .... Goodyear .... .... IGranby .... Gt. Nor. Ore. . 4 00 a Nor pfd. . 600 ; reene-Cansi.es Galf 8. Steel. . . . ;Hak Barker . .... (Houston OU . 200 1 Hupp Motor . His. Cent. . . . SOOjlnapiratjon . ... OOOilat Agr. Corp. 14001 do pfd. 500 Interboro 600 do pfd. 11 .'' 56 . 1120 I 10 1.11 56 118 10 48 29 10 62 49 29 11 17 27 os 18H 49 80 68 19 68 IS ,1 29 54 82 11 92 33 92 92 33 33 61 6 7 'a 10 37 3 10 3 9 4 73 10 45 13 52 1 00 Interstate C; 1400 Int. Har? Oat, Cere. Marine 700! do pfd. lint. Nickel 73 73 45 13 62 io 3 44 13 63 1000 Int. Paper . . . . . do pf A Invincible OU. . 3401 1700 10 2 10 Island Oil 2 9 100 (Jewel Tea I 10O0 K. C. Southern. . 25 231 25 do nfd. 48 86 16 11 37 27 51 4 00 Kelly-Springfield . . 100 Kenr.e-.-u lOO Keystone The 20O Lack. Steel Lee Ttre 400 Lehigh Valley, LoriUard Lowe Theatres 100 L A A N 7500 Mex Pet. SAO Miami 7 0O0 Middle States Oil.. 500 Midtale Steel M . K. A T. . . do :td. Moat. Power . Moat. Ward 50 Missouri Pacific . . 400 do JA . . - M St. P A 8. S. M 8O0 M. A St. L Nat. Biscuit Nat. Pisa sail .... Nat. Lead 500 Nevada Con. 200 New Ham 300 Norfolk AW. ... 1800 Northern Pacific . Nova scooa Steel. SOON. T. Oantrsl BOS) Ok Prod. ret. . . 86 88 19 11 87 si io 19 11 87 si 100 iB 10 us 188 118 101 118 102 21 10 22 21 10 To S3 23 48 17 20 19 18 88 so 88 07 11 11 11 no 44 75 10 10 IO 1 H 1 18 94 73 84 78 73 22 70 68 69 1 1 1 8 17 to Ontario Surer . . . Ontario W 300 SHARES ARE Sale BtoCtt IHkbIL i aVaT 400Kacific Oil I S4t 4k Mb 30OO0Pan. Aim. Fat... 48 48 47 1404M do "V 42 41 41 H 2100 Penna 33 88 f IPeoL Gas 81 OOlPcn Marquette ... 19 18 18 20O PMUdeipfaia Co. .. 29 2 29 V 7 mi 1800 200 1600 500 Pur. Otl . . . Arrow Pierce OS . Pitta Coal . Pitts A do pfd TOO Pullman Ray Com Readinc Remmct 20 R Tingle 19 45 82 18 53 81 8 65 7 36 20 78 34 76 20 45 24 30 77 1 7 38 22 18 55 7 1 119 24 83 16 104 88 49 30 8 80 Republic I. do pfd Rep. Motors . . 2300 Royal notch Oil Ry. Steel 8pg. . . 52 50 Saxon Motors 1300 iisears Roebuck . 68 36 20 Shstuack. Aria. . . Shell T aV T. . . 2O0 37 20 7 no Sinclair Stand Oil Cat . Stoat Shef. 4 000 'South. Pacific 77 7S 20 45 24 77 33 22 18 South. lly. . . . do pfd. St. L. at S. F. Siromherg Carb Studebaker 20 liVO 80O ion 38880 4H 24 70 Swift A Go 100 Term. Cop. A Chem. -nn Tfvu Oil . . 400! Texas Pacific 33 23 lOOlTex. Pacific C. O 18 58 7 10 110 88 16 105 64 50 51 j Tobacco Products. . 2200Tran. Coatl. Oil. 200 I'nion OU Del. . . 2800 I'nion Pacific . . . t'nited Alloy .... 20O ratted Drue 110'trnited Food Prod. SOOICnited Fruit .... 10OII". Retail Stores 1 0f 17. S. Ind. Alcohol 3 200 V. 8. Rub ...... i do 1st pfd .... ... iD. S. Hgnelting . . 17100 C 8. 8tsl 800 do pfd. 3 7 It 118 'si' ' 16 104 33 60 50 72 72 109 72 100 109 IS00 rteh Copper . . . 48 47 47 28 72 28 6 7 21 14 55 Vs. Chem do pfd. Vanadium Steel . Viraadou 200, Wabash 8 21 7 21 00 do A pfd do R nfd Wells Farto Western Pee 26 2001 do pfd 100 Western Colon ... 2 84 43" 61 84 42 61 88 87 200;WestinchoOM A. B. 200 West U se E. A M. 100 West Md White Motors. . . . BOO'Willys-Overtaod .. 100 do pfd. . . . . Wilson Packing . . . 200 Wisconsin Central. 100 Wodworth . . I Worthmcton Pump 42 9 81 7 6 28 33 2S 111 42 111 111 Foreign Bond Market I Furnished by Overbeck A Cooke Co.) 28 231 28 17 17 17 7 7 84 64 I 84 Waat Ya.. 27 2 28 . . 73 .. M 88 .. 12 12 12 . . 88 67 88 on Steel I S. . I 45 44 Bid. Ask. Ruvian 5s 1021 13 IS Russian 6B 1926 8 6 Russian 6a 118 13 18 French 5s 1 931 87 87 French 4s 1917 47 48 French 5s 1920 68 69 Italian 5s 1918 86 40 British Bs 1922 864 874 British Ss 1927 852 862 British 8a 1929 844 854 British Tky 4a 288 278 Brith ref 4s 847 257 Belgium rest 5a 68 69 Belgium prean 5a 69 72 German W. L 5a 9 10 Berlin 4s 10 12 Hamburg 4s 11 11 Hamburg 4s 12 12 Iipsis 4 s 14 IS Leipzig 5a 12 IS Munich 4a , 12 IS Munich 5s IS 16 Frankfort 4a 12 IS Jap 4s , .. 68 69 Jap let 4a 84 86 Jap 2d 4s 84 88 Pari- 6a 99 15-16 100 C K 5a 1031 89 16-18 100 P. K 5a 1922 98 98 V. K. Ba 1928 88 88 U. K. 5s 1987 88 86 FOREIGN EXCHANGE RATES Corrected daily by the foreign axehaas de partment of the United States National bank. Quotations below (except the pound starling) are quoted oa the basis of 100 units foreign cur rency Opening rates back tranaaetio Draft Cneeka. S 3.57 7.70 1.29 4.46 5.55 15.05 12.77 20.59 49.10 48.00 M 50 Cable Par Transfers. S 8.58 7.71 1.29 4.47 5.60 18.10 12.82 20.84 49.83 48.18 06 90 Value. 8 4.86 19.08 18 03 19.80 19.40 26.70 26.70 Lbs. sterling. . Paris Francs. Berlin Marks. . Cenoa Lira. . .. Athens Drachmas . . . Copenhsgen svroner Christie nia Kruner Stockholm Kroner Hongkong Currency Japan Yen Shanghai Taels It seems very strange, but now that sugar is cheap, one lump makes the coffee sweet enough. Wo Offer and Recommend: Astoria, Oregon, 6s to yield 6.50 Pendleton, Oregon, 5s to yield 6 Newberg, Oregon, 6s to yield 6 Sumpter, Oregon, 6s to yield 6.25 Madras, Oregon, 6s to yield 6.50 Slide Irrigation District 6s to yield 7 Tacoma, Washington, Improvement 6s to yield 7 French Government 7s to yield 8 Van Camp Packing Co. 8s to yield 8.10 E. I. Du Pont de Nemours Co. 7s to yield 8 We will gladly furnish descriptive cir culars and available maturities on any of the above listed issues. G.E.MILLER & COMPANY Isgsu BONDS TELEPHONE MAIN 4-C)Z 2 3 4 AGAIN UNDER Long-Bell Lumber Asks Permission to Operate in Oregon Salem. Or. July 51. Application to operate In Oregon waa today made of the corporations department by the Long-Bell Lumber company, Missouri corporation, whose capital stock is $15. 000.000. Ben a Dey of Portland is named as attorney-in-fact. Lebanon Is to be the headquarters of the Lebanon Stock company, for which articles of Incorporation were filed. Joel Bqpth. Roland T. Miller and Glen T. Wallace are the Incorporators. The cap ital stock is 34000. Articles of dissolution were filed, by the Hart Land companly and the JA. D. Howell company, both of Cortland. New York Boad Market Furnished by Orerbeck A Cooke Co.. Board of Trade buitdiag: Ask. 76 69 87 72 S3 74 81 214 T6 74 81 98 78 78 87 S4 81 87 Atchison Gesal 4s Bal A Ohio Gold 4s 7. 67 88 71 64 74 80 18 73 73 80 94 74 87 77 83 84 80 81 Beta. Steel Bet. 8a Cent. Pacific 1st 4a St. Paul (rani. 4a CM. N. W. GaraL 4a A N. Uni 4s New York Ry. 8a , Northern Pae P L. 4s..., Beading GenL 4a I'nion Par. 1st 4a , C. B. Btsai 8a Union Pae, 1st Ref. 8s Southern Par. Coo. 8a. . . Southern Pac. Cone .4s. . . Penna Corn 4 a Penaa. 1st 4s Oban. A Ohio Cone. 8a... Ore. Short Une 4s Liberty Bead Sale.. (Reported by Orerbeck A Cook Co. 1 High. Lsnr. flow. Ijberty. Sa a. 888 8676 A0 Uberty. 1st 4a 8740 Liberty. 2d 4a 8718 8690 8710 Liberty. 1st 4s 8778 8730 6762 Liberty. 2d 4a 8740 8706 8714 Liberty. Sd 4s 9150 9180 6180 Liberty. 4th 41 8752 8722 8728 Victory. 4s 6842 9886 9840 Victory, 38 9840 9838 8840 PACIFIC COAST BANK STATEMENT This week .8 6.119 440 80 4.237,1 22 34 4. 024. 90S IS 4.007.211 69 Tsar agc 8 8.163.778.61 6.909.1 68.0 8.800.515.57 4.8S0.924.41 Monday Wi Thursday Clearings, Thursday Balances, Thursday . .8 1.487.648.60 489.936.00 - 48S.08S.OO 34.784 00 Clearings. Thursday Balances, Thursday . San F Clearings, Thursday .Las 322.700,000 00 k 312.277.620 00 . . 4,286.690.00 . . 1.145.891.00 Clearings, Thursday Clearings. Balance. Thursday Thursday Why it Invested $400,000 The reason the great Nestles Food Corppany built a $400,000 milk con densory at Bandon is be cause it realizes that Ban don has a big future be cause the city is the cen ter for Coos county's $2,500,000 dairying in dustry. As a good Investment we suggest 6 General Obligation Bonds BANDON Due 1926-41 Den. $500, $1000 YIELD 6H Income Tax Exempt BROADWAY and OAK We have pur additional block of 20-YEAR SINKING FUND 8 GOLD BONDS REPUBLIC OF CHILE Priest At Market Yielding Over 8O0 Details on reoaiest. Wire or phone collect. BOND DEPT. LADD & TlLTON Bank Oldest Is the Nortswest MT ASHI5GTON AT THIRD Stocks, Cottosa, J16-Ja7 of Trade Overbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES ef PRESSURE IN NEW YORK Stock UTopecs of associated railway executives approve stearins; comosittee's plan for ending 8800.000.000 federal claims and next step is expected when government will decide whether It will Special meeting of D. A L. W. stock holders today for purpose of authorising increase In capital stock by 146.000.000. President Willis, of Willy Overland. says company is now financially "out of the woods." Estimated daily crude oil production in U. 8. for week ended July 16, ac cording to American Petroleum Insti tute, waa 1.308.710 barrels, a decline of 4064) from prevtoss week. Twenty industrials 63.11. off .03. Twenty rails, 71.5a, up .14. Short tendencies at expected to be stimulated by the action of the federal laser t rediscount at New York, indica tions that tax revision by congrss la getting the right of way and approval of railroad refunding plans by the tt New York Herald. The directors of the Studbaker corporation at their meeting; for dividend action later this month, will not declare an extra divi dend on its stock. In cash or stock, ac cording to one of their number. S. M. FRIES OPENS OFFICE 8. M. Fries, for the past two years cashier and office manager of Cars tens A Earl est. Inc. Investment bankers, ts now engaged in the bond business for himself with offices at 85 Fourth street. Ho will make a specialty in government and municipal bonds. 7 MabketI asri We own and offer the unsold portion of: $97,500 Income Tax Exempt City of Washington 7 Improvement Bonds DATED July 18, 1911 PrtnerpeJ and annual interest (Jul 18) parable at the office of the treasurer, rausaaa. W ashlngtoo. or through the offices of Kree man. Smith at Caaep Co KmsMTSD BUTURITIK8 9,500 July 18, '26 9,500 " V7 9,500 " '28 19,500 July 18, '22 9,500 M '23 9,500 " '24 9,500 i' 25 Pullman, the second city In Whitman county, is 84 miles south or Spo kane. In the heart of the famous Palouse country, on the Northern Pacific. O-W. R. R. st N. and the Spokayie A Inland Kmpire railroads. It is the distributing; point for one of the most fertile agricultural sections In the greatest wheat producing; county fn Washing-ton. Directly tributary to the city are l"77,6O0 acres of agricultural land largely under cultivation. About 1.500.000 bushels of grain are shipped from Pullman annually. Pullman Is the seat and home of the Washington State college, which occupies 21 buildings and has an annual enrollment of 1&00 Students. The college property is valued at approximately f2.00O.0O0. Legality approved by Teal. Minor Win free. I'WUand. Oregon. Exempt from all federal taxes; eligible to secure public funds In Washington , legal investment for trust funds in Washington; legal Investment for savings banks In Oregon and Washington, Price 100 ZZS 7 Tax Exempt Wire orders ask far S s sTe Bal 8 . OJ 9X ssl I sJsVW United States of Brazil 5 External Sterling Bonds Issue of 1805 Denom. 100, 500. 1000 A Direct General Free from all Brazil, with a per capita charge of l .8 5 . compares with Denmark $ 83.65 $278.08 .9 92.71 $324.59 Switzerland Australia . A Urge proportion of Brazil's debt was incurred for the con struction of Railways, Steamships and other revenue-producing enterprises, and it has practically no war debt. WEALTH AND TRADE Brazil is the second largest country An the Western Hemis phere, containing: 3,300,000 squire miles, covering nearly one-half of South America. Its area is only slightly less than United States and Alaska combined, and has a population of 30,000,000. Brazil's excess of exports over imports increased from $52, 000,000 in 1911 to 211,000,000 in 1919. The United States is Brazil s best customer, taking about 42 of its exports. These Bonds Return at Pr WITH EXCHANGE AT $3.63 4.00 4.50 4.86 Price Ralphs lLHNEELD MUNICIPAL AND C0HP ORATION FINANCE LUMBERMENS BUILDING SUMMER RENTALS SHOW PROSPERITY Br Frank B. Me LB ha eat of The Joanaal Philadelphia. July SI. There baa been no break in the labor situation so tar svs the building trades are concerned, al though a committee of ciUsens ha ap pealed to dependents of strikers to use their influence to help break the strike on the grounds that many families wall be in distress next winter when their savings meH away. Carpenters wise have demnnded 11.12 an hoar m the dry are reported In some cases to be working for 80 cents an hour outside An indication In general prosperity i seen In the ciossds seeking the shore resorts of South Jersey and the high rents received for cottages along the coast. Local shoe manufacturers are In receipt of good orders for autumn and there Is some replacement demand for summer goods. With the settlement of the British coal strike, the export demand for bituminous coal has slackened and buyers are deaf to appeals to stock up for winter at this time. Although no attempt has been made to collect the state tax on anthra cite from consumers, the demand for hard coal also is dull. Distributors of tow priced motor cars report sheavy sale for the first part of July. DENVER BANK CLOSEB Denver. Colo . July 21. (U. P. Slow paper was given aa the chief cause for the dosing of the Denver State bank, state banking examiners said today after making an examination of the bank, which closed Its doors yesterday. The bank, of which W. V. Matthews, Denver, la president, had deposits of I1S0.000 and 4t capital stock of ISO.ooa 7 Tax Pullman MATURE Serially bon $500 $ 9.500 July 18. '29 9,500 " '30 12,000 '31 "ceOeet." tasta or Partial Paxaaent areolar J162. Freeman. Smith a Camp Cq UMO UlMltlMtNt BUI rie-TM AMD STARK -7SO External Obligation Brarilian Taxation. DEBT a debt of 833. with an annual interest other nations as follows: Argentine . . . Great Britain United States . $111.90 . $827.29 $227.83 $1107.95 Fr it Price A N M A I, INCOME 794 8.70 9.80 10.56 AdeMtloaaJ r re fit oa 199 Wkti Psid $260.00 340.00 440.00 512.00 Details Upon Req ch Company HE?RW RHODES, lac EstattfHsed 194 BROKERS BBS CHICAGO BO ARB OJ7 TRADE Mas Shaw tat el LIBERTY AND VICTORY BOUGHT AND HOLD MAIN S83 asd 884 rSl-SOi Railway Exrkaage IT The house with a reputation for Quality Work F.W.Baltes L Company 13siWeM T AND OAK rTinter 5 Main 1S - MM A SYMBOL The big asset In business la REPU TATION with the ultimate user of one's product. Once gained, reputa tion automatically operates) aa In surance for the user of the product. So it is with Warrenlte-Bitullthic By actual teat under all conditions over a lone period of rears, War-renlte-BltuIlthlc has become a sym bol for PERMANENCY and DUR ABILITY In pavement. SPECIAL NOTICES 101 RatOfEST r6Tt BIDS 51 RIAL OOKTBaCT NO. S 1. Parsail to the regnssUoos ef the later state roeasserre rnaaaaaians. sreagetssa la res or der dated October 6 1918. la dor art sx parte o . Northern Pacifsc Baflssax hereby requests bids and hereby gia inai it wn rereiee bads for SB) froea Angsts 18. 1921. to April 1. 1923. for the Its Heleras. Most., to the Pacific roast of saioe ma foet coal aa follows: Coal called tor by list railway oosapaaj. set less than 800 oo toss nor store than 1 .000.000 toss ef 20ni sat coal of the in the district aa Laos! a sal Pan ail sweeawaaa HMDS Z. Coal to be raaaoaaatr free froea slate. rsyassa. ssUsMea clay, stdrttrar sad other oaalhg to the beat coal of the aasae'eassaBr'rruS grade Iiiiail8 in the district aa sxasea saseh coal shall be raised. 8. Railway coassaay's inspectors shall base at ail rhaaa tree access to the mines from which said coal la rained and to the scales ewer which the eoal la to he weighed. 4. Coal to be debrered f. o h. ears ea .Northern Pacific Railway ooeapany a tracks la as nearly asroal monthly prorowaaaas aa prac t cable la acrarrlance with the railway coav paay's raqsdresaeats oissianiiins ASaTtsst IS. hi. ana enatng Apm j. iT3, (the nrsgs required daring the months a Septasnawwi llsaamhn im twain wfTi be ranch haaVter (TX9 outer months). If Una at sot loaalad on Northern Pacific railway tracks, thea had mast be far delivery t. o. b. car. en Northern Pacific t ranks at the naarsst Junction with the Northern Psric. Payments: Cash within SO days following receipt at inro.ee for coal actnallt deHremj on Northern Pacific track daring preceding tonth. 8. Bids sasrat be sadsmrttwd to T. Q Pn-t archariasg agent. Railroad buildiiu. 8th aasf Jackson streets. St. Paul. Minn , by 12:00 neon. ewuai siAaeara txste. a sages a. 921. an! sras he received asd opened by him at aaad fries after neon and safer 8 o'clock oa the date named. Bids received after that time will 8. Rids most ha prepared and roraas preu-rlbad in the uoned above, which forma will be sages by the undersigned ?. The sstil imfsl bidder wfl be raqsurwd to n:er into and execute proponed contract for lelieery of aarb coal. 8. The right is raters ad to reieet anr snd all bids, asd to asssnpt aa part of an one bid 9. Every person, firm or eorrssrstiori that assy submit a bd shall aeoaanany bis. their, or t, bid by tender of a bond in the penal nam f (10.OOO with sufficient surety, or swrwtism. to be approved by the mail rata sad, uandlrfaiid aU ef the terms of said contract, la If any farther inlaismiiiai la I as ah ad .lease apply to the ssilsrslgsad. NORTHER PACIFIC RAILWAY COMPANY P. U. Pros, Pax: haling agist. Railroad RauWiag. Bth asd Jantnon streets. SC rani. JslianafjanMOCsV. Dntad the lath day ef Jaly. 1981. butlding pgagrg st J s,,r""d T . rpjrt hit nans 82nd and HV hardt B&.iaem Builder 29. Alameda Park -laua I a rasa, erect 988 i e BsiMer 88400. Lot 10. bat. awtssswn 92nd and Olson a aa owner. 84800. Last 11. Park. Mrs. Reese Gee 1M1 Hal- sey. uatntiau 59th asd 80th sts. aa wwasrr. flOOW. Lot 1. bflk 8. Jobs B. Mathews erect mills III. 1184 Al berta, bits aia 88th asd 89th sta BnBsH ao aa owner. 98500 Lot not asattsd Jama P. Johnson, erect riailiayi. 1229 20th C. staiia Taboo and Timiiii are. Bstsstor at n. Maleaiaa. 84500 Lot 119. lath. 24. Weatmsramad. A. Brown, erect ivoVueno. 91 Tbnrts. be tween Msrhisan and Missouri shakier sasse as owner. 88500. Lot W 7 8. bit 29. Pat- K. O. Kaiuad. erect weidiiaua. 828 at., bhtnssn BkiSm n a asa as owner 85000 Lot 14. Alaasods park. lira. K. Barry, repair n iilssai. 409 E. at., kstmsna Tills monk sod Hancock at. A. P. Velarsnh. 820OO. W. B PwwWl. erect raasdeaee. 991 E 27th .. between Knott and Stanton. Builder, teses and aVriatr Co. 85750. Let 18. Mb. 8. Gam Eyrie. Chan, C. Ttsed. erect residence. 7112 E. 17th St.. between Klekitnt and Pustuet sta Ban Ider sans aa owner 85500. Lot 15. btk. 48. ll ihsgtuiL Jit1 Statistics - mrri3ts. Births. Deaths MARRIAGE LICENSES Bay 28. 780 York. ana. aw. Oscar 15 I, - iji Okaoa. 21. : Unsan. and htrrtis Uastiags. 11 869 Ulisaa Jssaaa Eefjy. steal. Ikaiytsasa, Or., asd Esaras Edna Breath, asset 881 Isoyt. WuJssm Jsha, legal. 149 Urssd are., and UiMa Jefferaaa, legal. 1199 E 24th. J-rrr W. Ul-oaasfl. 8J. 1858 Flora Msg Bay Wry. 25. 1858 Manas t. Star say. legal. 94 7 Market, asd Ores Sawders. Weal 947 Market Jeagjsh H. Owaa-, Irssl. ihacJJd aotal. and Anna 1. Tat abeam, hajst 1054 E aider. WEDDING W C SMITH a CO ami viamxo CARD KN..RATEB8 Stl M BIRTHS PrhfeRaAN -Tr, Br.- sad Mrs. M. radsrraset. 1041 R 12th. Jaly l. s son. CLASS Ta Mr. aad Mrs real Clark. 8018 Stth. lats 7. a cUsarhter. UfVinMeS To M- and Ur. Wra. M. 1488 Delaware. Jaly 17. a eaushtnr. BIMtXiX Yo Mr. and Mrs. m A. 4S20 S8d. Jaly It. i mb. liIRE"TOsl Ta Mr. and Mrs. Nsthan SOS Tsnl Jnty 19. a darsgtrtee. E8WAKEal To Mr. aad Mr. J. Slat Ider 45. 10 8 10 her. 1978 Tmaaaoue. Jaly 8. a son. 0 Bryaa SwOfraettaj Dev 200iPac Gsa A Sate. a 8 LEART Tc Mr. aad Mrs. J. T. Laagy. 1007 53 aa 62 TOSS Jnty 12. s eon. lOtas steel
