14
THE OREGON DAILY - JOURNAL PORTLAND, JDREGON
THURSDAY, AUGUST 11, 1S2L
NORMAL
(LUMBER 29 FCC
; OEQOW
For the week ending August . 10
f mill in Western Oregon and . Western
Washington report production at 51,642,
024 feet which is 29 per cent - below
normal, according to the weekly review
: of tie West Coast Lumbermen's associ
ation. New business totaled 58.324.716
feet, and shipments totaled 57,412,076
feet. F;or de:;very by'rail. new business
included 1211 cars ; rail, shipments, 1)9
- car. Unshipped balance in the rail trade
was 202 stare. Local business totaled
3,613,919 feet. In. the cargo trade, do
mestic orders totaled 11,600.184 feet; ex
port. 6.780,611 feet. Coastwise and inter
coastal cargo shipments totaled 19,188,238
feet; export shipments 5,023,915 feet. '
, V
.. ' Honey ana Exchange
- - New York, Aug. 11. (L N. 8.) Call mm-
, cr on the floor of the New York stock exchange
today ruled at 6 per cent; high, 6 per cent; low,
e per cent. Tun money wuunuet. Bates were
per oent. The market for prime mercantile
paper wma quiet.
'all money in London today was 4 per cent.
. - Mtcrling exchange was steady, with business
tn tankers' bills at 3.65.7-19 for demand.
Xew Tork FeUto Market
New Tork. An. It. 4-(I. N. 8.) Potatoes
(in balk, barrel.. or bar)- firmer: nearby white,
$4.00 & 6.00; Sou thems, (1.00 5.30.
. Winnipeg Cash Grala
Winnipeg. Ana. 11. Cash wheat No. 1
Northern. 183 : No. 2, 178 ; No. 3, 170 ;
2o. 4. 1551; -o. a, l as , ; track, 105
Oats No. .2 White, 50; No. 3. 4; No. 1
feed. 48: No. 2. 461,.
Barley tNo. 8. 81 la : No. 4. 77 H.
Rye No. 2.' 122 14; track, 128.
Forelga Bosd Market -
A Cooke company.
Fnnrahed by Orcrbeck
Board of Trad building:
Rassiaa SHs, 1921 ...'.
Rnasiaa 5 Vis. 12 ....
Bnssaan SVi. 1919
French Ss. 191 ......
1917 ......
1920 .......
191
122 ......
1927
129 ......
4s
Krench 5s,
French 5.
ItaliaawSe.'
British 5s,
British 5a,
Britieb -5s.
British va.
British ref.
Belgimm .rest. 5s '-...
Belgium prem. 5s ,
(iertnan W- Ia. 5- ...
Berlin 4s ..........
Hamburg 4s
Hamburs 4 Vi s ...... .
Leipsig 4 Vis........
Lcipng 5s , .". .......
Munich 4s . , . . . . . . ,
Munich 5s ...... ...
Frankfort 4s . ; ... .
Japanese 4a. ........
Japanese 1st 4Vs . .
Jspanes Zi 4 lis. . . . .
Paris sixes '. . . .... . .
U. K. 5Hs. 1921...
U.. K. 5.HV 1823.,. . ,
K. 5 Vis, 1.'. ...
K. 5tts, 1937..,;
,i..
Bid..
- 1
5 -17
' '.
;-' 4 Vi
I 69
: 82
872
864
355
,273
35 :
!' 67
, TV :
' 9
r io h
V lVi
it
f' HVi -1
12
j 11
11
70
85 14
8514
99.
89
9914
88
87 Vi
Asked
19
.7
2
63
49
76
38 ..
382
374,;
365 .
285 -266
.
,71 .
74
10
.' 11
12
12
- 18
, 14
. 13
14
V1S
70
83
- 85
100
10O
99
89
88
,v.Forelgn Exchange Market
New Tork, Au. .11. etT. P.) Foreign ei
rhsitee wu firm at the onenins today. 8ter-
hnr. 83.65 : francs, i .9782; lire. .0437;
marks. .0123 .
foreign exchange closed .. steady. Sterling,
88.65; francs, .0783; lire .0438; marks.
.0128. - I
World's Breadstsff Shlpmeats
World's shipments of wheat and flour
bushes:
Week Ending.
From. . Ang. 6. '21.:
V. 8. and Canada. .12,983,000
Argentine 1.044,000 j
Australia . . . . .... ' 960,000 :
Others ....... j . 256,000 i
Water Company Is :
Ready to , Extend
: Service to Madras
Arrangements have been completed by
the Opal Springs Water company of Me-
tolius for the extension of its service to
.Madras, through the building of 10 miles
of pipeline. .The Opal Springs company
supplies domestic water to the cities of
Culver and Metolius as well a." to about
25.000 acres of farm land The service to
these 'two towns is maintained through
an agreement with the Deschutes valley
water district and about 35 mile of
pipe have been laid from Opal springs
in Deschutes canyon. ; T !
- To finance the Madras extension the
company has issued 125,000 in first mort
gage bonds, dated June 1, 1921, and ma
turing June 1, 1929, The bonds beart in
terest at 8 . per cent," . payable semi
annually. The Title Trust company is
trustee to the issue and the bonds . are
being handled by the Ralph A. Blanchaid
eompany. I
WESTERN UNION RECOVERS BUT QIL SHARES ARE SLUMPING
OIL SHARES IN
ST.
LOUIS TRAD
E
ABAD TUMBLE
New York,. Aug. 11. (L N. S.) The
stock market closed unsettled today,
business consisting' f liquidation and
bear raids which resulted in further de
clines in the prices in a number of is
sues, although rallies occurred at the
same time in stocks that had been over
sold ' in recent trading. The shipping
stocks became prominent, - Marine pre
ferred showing a loss of over X points to
41 and there were heavy offerings of
American International and American
Shipping Commerce. General Asphalt,
after rallying slightly, was again in
supply and in the last few minutes sold
at a new low price for the day.
Government bonds, unchanged ; rail
way and other bonds, strong.
Total sales, 574.500 shares ; bonds, 310,-
170,000.
Week Ending.
AU. 7. '20.
6.181.000
.4,422.000
672.000
Total
. .13.245,000
11.275.000
TURIN BA3B FAILS
Milan. Aug. 11. (L N. 8.) The Kuster
bank at Turin failed today .with liabilities
of 48,000,000 lire. ,
A
Week-End Specials
Sport Oxfords, White Oxfords, Pumps n
$2.98
Values to tc.ee
White Oxfords aad Strap
Pomps, Freneh or Cabas
heels; Sport Pumps and
Oxfords with btaek aad
browa trimmings special
$2.98
$2.98
$1.48-White Pumps and Shoes -$1.48
$1.48
Values to $6
White Reignskla Fab
rie. Duck and Casvas
with Freneh, kidney
or Lonls heels, flexible
sewed soles. Special,
per pair .
$1.48
0
$1.48
98c
98c SO
Ladies9,
White Shoes
Two lines of Freneh heels one line
and 49 pairs samples with Cnban
heels (09 pairs fiber soles with low
heels CLEAN SWEEP, valnes to (
Extra Special
98c
All Sizes
-98c
n
98c
98c 'VS
MARY JANE
PUMPS
Patent leather or gaametal
Mary Jane Slippers, ankle
strap. -
Infants' sizes, no heel, qq
9 to 4. now 70C
Children's sises, qq
sarin gheeV to 8 . . VOC
Children's sises, CI Qfi
spring heel, 8Vi to IS yl.IO
Misses' sizes, 12 CO AQ.
to 9. heel pa&.0
Ladles' sises s to 8.. .92.98
White
Mary Jane Pumps
Some Kid and
Others Canvas.
Ankle Straps,
sises 1 to 4
no heel
79c
Sizes 4 to 8.
9Ises V to 11.
Sises IV, to 8..
Some
Fiber
aad Some
Leather Soles
...... ...98
.81.48
81.48
CHILDREN'S OXFORDS
SOft, Strong1 Leather, With
Substantial Sewed Soles
FOOTFORM OR
MEDIUM TOES
Children's, 7 to 8,
spring heel
Children's, H to
Jl, spring heel. ..
Misses', 11 to 2.
with heels .......
(Growing G i r 1 s',
islzes 2V4 to 7
ALL SIZES
$2.38 V -aS
$1.98
Men's a,nd Boys''
Heavy Duck Scouts
Ideal Shoe
I "i for every
VL I day. Cool,
' l csniert-
X Xfvl.'n! and
f j strong. Per
I Per Pair V 1 to
v. .1
Scouts
$1
Boys leather scouts, lea. soles.
iv to 13 K1.4N
134 to 2 81.98
a to
82.45
- Men's. 6
1 to ia
82.
KEDS (Ladies' and Men's) 98c
O
A L
l)0 (S?C
BETWEEN AVASHI JSGTON AND ALDER STREETS OIT FOCBTH
SEND MAIL ORDERS TO WRIGHTS, 131 4TH ST.
OPT M SM GROWS
By J. If. Flnlgln
Special Correspondent of The Journal
St. Louis,' - Aug. 11. The conspicuous
feature of commerce in general through
out this district is a firmer, livelier and
broader optimism. Business men are
sure they see an open road ahead. This
optimism has its source in ; conditions
deemed, both material and permanent
such as easier financial conditions In
agricultural districts and adjustment of
business in the cities and towns. There
are signs of a vigorous liquidation of re
tail stocks at lower prices, following the
example set by the larger department
stores although the smaller i shops be'
yond-the .sphere of strong competition
have not joined this movement. Much of
the buying is done by women and fol
lows aggressive advertising of real bar
gains. Unsettled and fluctuating prices
are impeding the progress of wholesale
business in this territory, although re
tail stocks are very low.
The financial strain in the grain and
cotton districts has slackened because
of foreign grain purchases and arrange
ments for. "credit to finance cotton mar
keting for export.
New York. Aug. lL-rL N S.) The
stock market was irregular again this
morning. Baldwin was down 4 at 73.
Mexican Petroleum declined 14 to 964.
General Electric lost to 114. U. S.
Steel declined to 73. Sears Roebuck
was off 4 to 65. Studebaker advanced
to 73. Anaconda gained H to 35.
Famous Players declined hi to 49. Cruci
ble Steel declined to 53 "4- Northern
Pacific receded hi to 75 and Inspira
tion Copper declined to 314.
The most important feature of the
market, however, was the gain of 2
points in Western Union on the opening
transaction, indicating that yesterday's
Belling had been wholly for bear ac
counts.
Pullman was in supply, falling 1
points to 91. American Sugar Refin
ing dropped 1 points to 61, the low
est since 1893. Kelly-Springfield tire was
again heavy and yielded one point to
38. The steel industries were in supply
at concessions.
The interests which had been aggres
sive for some days on the short side of
the market found many weak spots in
the market. The oil group was espe
cially sensitive to bear attacks and many
of those issues sold at new low records
for the 'year.
Union Oil fell 2 points to 25.-a new
low record, and California Petroleum
also suffered severely, being offered in
large amounts, yielding 2 to 29. Steel
Industrials were well maintained.
Frank H. Doherty
Is Honor Guest of
(Pnrniahgd by Orgrtwck and Cooka Company)
Bates. I
STOCK-
.... Advance Kym.
1 do pfd. ..
1600;Acr. Chem. .
do pfd.
Title & Trust Co. .
' Frank H. Doherty, "secretary of the
National Association of Title Men, was
today the guest of honor at a luncheon
given by the officers of the Title & Trust
company at the University club. At the
invitation of Walter Paly of the TiUe &
Trust company a number of out-of-town
title men attended the luncheon and lis
tened to an address by Doherty.
Doherty Is returning to Los Angeles
from a tour of the eastern and middle
western states in the Interests of tne
Title Men's association.
lAlaaka Jgimg . .
4 500; Allied Chem. . . .
2400!AUia-Chahnen . .
200 do pfd
4001Am. Beet Susar.
10Am. Boach
Rich. Low. Bid.
30 S
22
2000
600
100
400
200
200
VlOOIAm.
U4UO Am.
200
NEW CORPORATIONS
Salpm. Or.. Auk. 11. The Disabled
Veterans' auxiliary, with headquarters
in Portland, filed articles or incorpora
tion with the corporation department
here Tuesday. The assets oi tne cor
tioration are given as 31000. The lncor
norsLtora are G. U. Williams, w. u. a.
Dodson and Juanita Wax.
Other articles were filed as follows
Cutler - Dimmick Lumber company
Portland. S25.000 : F. S. Cutler. A. A.
Dimmick. V. W. White.
Th Democracy Publishing company,
Portland, J150.000; Simon Gertsman, W.
M. Leach.- Bernard Muinne.
Pacific Pine Lumber company, Port
land- $75,000: A. E. Peakem,, Artnur
Peake. J. E. M Orson.
Preston Ranch company, Mearora,
175.000: Frank C Preston. Robert J
Dunham Lincoln McCormack.
Western Products company, portiana.
$20,000: N. B. Stone, N. L. Robinson, K.
P. W. Prentys.
Wevenbersr Shoe Manufacturing com
pany, a Wisconsin corporation,
iied at $1,750,000. was granted a permit
to operate in Oregon. Harry J. Fitts
of Portland is named as attorney in fact.
Willamette Timber and investment
romianv or .fontanel mea arucies oi
dissolution.
The Globe Hat and Cap manufacturing
eomnanv filed a certificate showing an
Increase in capitalization rrom io,wu
to $20,000.
Can Co
do pfd.
Am. Car, A. Wis. .
do pfd.
Am. Cot Oil
do pfd.
Am. Drue. Sjnd . .
Am. Hide A Lea. .
do pfd.
Ice . . .
Intl. Corp. . .
Am. Linseed
do pfd. ......
2200 Am. Loco
do pfd
llOOIAm. Safety Haror.
700 Am. Ship. A Com
lOOOIAm. Smelter .....
4001 do pfd
Am. Steel Fdy
13900IAm. Sog&r
100 do pfd.
4200!Am. Sumatra
lOOOIAm. Tel. & Tel
1700, Am. Tobacco ...
600 do. "B" ....
10000 Am. Wool
Am Wool pfd.
100'Am. W. P. pfd
lOOlAm. Zinc
3000Anaconda
Aw'd Oil
1600Atchison
100! do. pfd.
4200 AtL Gulf 4b W. L.
12200, Baldwin Loco.
.... I da. pfd.
3600 Balto. A Ohio
a00 do. pfd.
4 100! Beth Steel "B" . . .
.... Booth Fiah
8200 B. K. T
.... Butte C. A Z
200Botte ft Sup.
300 Caddo Oil . . ."
1100 Calif. Packinc
270OCalif. Pet.
1300Canadian Pac. . ...
6100 Cen. Leather
lOOiOeiro de Paico . . .
4S00Chandler .Motor. . .
500Chicao- Ji. W. . .
OOOjChio. (It. W
100) do pfd.
700Chui Cop.
200 i
2000C.
800
1300i
150011
37
80 H
72
28
'29 "
123
4
10
49
65 H
31
21
'83 vi
.....
35
71
87
46
105 Vi
119H
119H
6914
7T,
85 Va
84
2l"
73 Vi
29
85 Vi
29
72
27
25
37
50
49H
PACIFIC COAST BASK STATEMENT
Portland Banks
Clearings This Week.
Monday 6.822.771.2R
Tuesday 4.357.950.32
Wednesday.. . t.nes.i is.i i
Thursday.... 4.676.539.07
Tear Acs.
6.741.MX.M
4.985.160.77
B. 727.431 93
6.560.237.78
.11.204.104 00
376.365.00
470.224.00
81.936.00
Spokane Bank
Clearings Thnreday
Balances Thursday .
Tacoma Banks
Clearings Thursday
Balance Thursday . . .
Seattle Banks .
Clearings Thursday '. . ... . .
Balances Thursday
San Francisco Banks
Clearings Thursday $20,300,000.00
Lea Anseles Banks
Clearings Thursday' $13,439,517.00
j SHQBT TEBM XOTES
Fnrnfehed by Clark. Kendall
Security Maturity.
Am.
Am.
Ana.
Am.
la
Cotton Oil 6a.. 9-2-24
T. A T. 6a. 10- 1-22
T. A T. 6a. 2- 1-24
Thread s .. .12- 1-28
Tobacco 7.. ..II- 1-21
do ;7a .11- 1-22
do 7s 11- 1-23
Anglo. Am. Oil 7 Ha 4- 1-25
Armour Coot. 7a. . 7-15-30
Belgian Got. 7 Hi.. 6- 1-43
Belgian Got. 6a ..1-1-25
BethL Steel 7s 7-15-22
do 7s , 7-15-23
British Got. 5 Vis ..11- 1-21
British Got. 5 Vis. .11- 1-21
Canadian toT. 6a 8- 1-21
do 5 Vis 8- 1-20
Cudahy Packing 7a.. 7-15-23
Inter. K- T. 7s 9- 1-21
Japanese Got. s 7-10-25
Kennecott Cop. 7s. . 2- 1-30
N. Pacifio By. Tx. 7s 6-15-22
Pacific Gas 7a .... 5-1125
Swift 6a 8-15-21
V. O. Bubber 7s. .12- 1-23
FOBEIGK EXCHANGE BATES
. Corrected daily by the foreign exchange de-
Quotatioiia below (except the pound sterling)
are quoted ea the basis of 100 units foreign
currency.
Open nominal rate ea hank transactions
Uraft Cable Par
London Checks. : Tranafera. Varae.
Lba. Stirling. $ 3.65 $ 3.45 $ 4 866
Part Francs.. 7.83 7.84 1V.30
Berlin Marks. 1.23 1.23 - 23.81
Genoa Lire .. 4.38 . 4.39 19.30
Athens ,
Hrechras ... 5.63 . 5.68 ' 19.30
Copenhagen .
" Kroner .... 15.73 15.78 '
Chrfetiaaiar
Kroner .... 12.80 12.85 ' . 26.70.
Stockholm ,
Krooear .... 20.90 20.95 26,70
Hongkons -:-
Currency ... 50.16. 50.8 S
Japan Yen. .. 48.20 49,85 ...
hlmngbai Xaels 67.76 . . tAO
Chino
M. St, P
do pfd. .......
Coco Cola
C. 4 O.
Colo. F. ft L
lOOIColo Couthern . . . .
2000Clo. Gas ft Klec...
HOOIColombia Graph.
200;Corw. Gas
.... Cons. Cigars
t do pfd.
400Cona Can
400jOontL Candy
4 00, Corn Prod. . . .
2oo do rfd.
43001Coden Oil
5100 C. R. I. ft P. .,. . .
300 do "A" pfd. ..
do "B" pfd. . . .
4400 Crucible
do pfd.
370OCuba Cane
$4,933,386.00 I IU0L ! -
848,783.00 I ; Ai!..." '
n'u ;j ei. ec tiuoson ..
lOOjDome Mines
D. ft R. G
300 do pfd.
SOOIEndicoU Johnson .
1700;Erie
400 do 1st pfd. ...
600 do 2nd pfd. . . ,
6500 Famons Players ..,
Fed. Min. ft Smelt
do rfd.
2700!Fbk Tire
lOOIGaston Williams .
100!Gen Clean.
1700010a. Elec.
7600jGen. Motor ......
do 6 5.
48300lGen. Asphalt . . .
400);o6drich ,
97 I Goodyear
soo ,ranby
K00 'Great Nor. Ore...
7500)Great Jfor., pfd...
2000rrene Cananea ..
200fGulf States Steel..
200IHaak Barker
1300!Houston Oil ....
200IHnpp Motor
100 1 Illinois Central ..
ISOOIInspiration . . . .
1000 Interboro
do pfd
J 000 Inter. Callahan ..
2100 Int. Harrester ...
. . . . . do pfd. ......
00 Int. Merc. Marine.
5300 do r4
SOOIInt Nickel .....
420O!Int. Parer
I do pfd.
200AtInTinrible Oil ...
2600lhlandOfl
2 OO (Jewel Tea
600:K- C SnutheTa ..
. .... I do pfd. ......
4000'Keny-Spgfld. .
220 Kennecott
1200 Keystone Tire ...
6O0!Leck Steel .... .
200tte Tire
400!Lhigb V alley
. . . . . Il,orillard
l.lOO'Ijowe Theatres . .
34OO.Mex. Pet ......
300!Miaati . ..
8700 Mxldle States OB.
170O!Midrale Steel...
2O01M. K. A T....
-1601 do pfd. .....
JMoert. - Power .
'Moot. Ward . .
900:Mo. Pac. .....
- 18001 do stfdfs ...
. . -A.'
12
10
60
32
113
31
47
66
7
io"
22
28
39
32
63
36
54
4
85
4
10
48
65
29
21
'82
"s'
6
84
71
i
87
44
104
118
117
67
7
34
83
20
72
86
6t
48
44
66
26
31
75,
64'
9
23
14
Bid. Asked.
90 91
98 98
97 97
96 97
100 100
100 100
100 100
100 106
97 97
101 102
9 100
A9 100
99 100
99 99
9 100
9 100
93 . 93
99 99
97 80
83 85
93 93
3 .
96 97
99 100
99 99
68
13
18
49
66
114
10
49
31
16
29
73
21
31
49
10
93
31
8
4
72
43
13
48
"7
9
24
89'
18
12
88
26
61
ii
7
19
11
23
1
.1 89
13
33
29
55
21Vs
1
83
29
71r
27
29
25
81
23
108
16
39
4
10
48
55
20
21
45
83
101
3
6
34
71
25
62
87
43
104
118
117
68
95
2
7
84
96
84
79
201
72
92
86
50
48
8
10
4
12
10
59
30
12
31
24
47
63
7
16
9
22
25
38
31
52
22
85
58
4
as
28
67
43
65
101
28
80
74
62
68
78
9
23
13
99
16
1
1
67
12
18
12
47
S
22
9
1
54 V,
113
111
63
44
31
13
16
29
72
80
57
46
io-
93
80
3
10
4
72
7
9
41
13
45
1
7
2
8
24
49
38
17
12
87
26
60
143
11
96
19
10
28
2
3
43
II
18 19
87f 87
Salea. STOCK, I lfitb. I Low. Bid.
.. M. 8. P. A S. A M-l 48
M. A St. L... 11 '
. Nat . Barsrit 11"
200 Nat. Knamel 47
200 Nat, bead ...... 73 TS 18
06 Nevada Coo. 9 16
1100 New Ha Ten 16 13 18
600 Norfolk W.... 94 -94 93
8160 Nor. Pac 73 74 73
100 Nora Scotia Steel 23
200 N. T. Air Brake . . 53 34 34
800 IN. T. Central ... 69 M 69
200Kla. Prod. rf. . . 2 3 1
(Ontario SUrer 3
Ontario AW. 17
200 Otia Steel 9
...... Pacifio Dev. 9
Pac Gaa A Elec 54
,4200iPacific Oil 84 83 33
7500!Paa Am. Pet.. ... 46 44 45
1600 1 Pan Am. Pet. B'. 89 88 38
S700 Penna 37 37 87
8500 Peoples Gaa 63 51 61
60OPere Marquette .. 18 18 18
500 Philadelphia Co. . . 29 29 28
1000! Pierce Oil T 6 6
6700Pierce Arrow ... 14 18 14
lOOtPieree Oil 7 6
I Pitta Coal 38
SOO Pitts ft West Va. . 26 26 23
do pfd. ...i 71
SOOIPreseed Steel Oar . 68 88 58
450OjPuIlinan 93 I 91 92
4O0Ray Coos. . . 12 1 12 12
4000i Reading 67 65 66
Replocle Steal 21
1800 ttepubUo L ft S. . 46 45 45
100 do pfd. - 84
100 Rep. Motors 8 8 8
2000 Royal Dutch Oil . 50 49 49
400 Ry Steel 8pc ... 73. 72 78
ISaion Motors 8
2000 Sears Roebuck ... 65 64 64
iBhattwk. Arts 7
100 Shell T. A T. ... 86 36 86
17800 Sinclair 18 18 18
Standard" Oil CaL 70
20O Sloes Snef S3 83 83
4800 Sou. Pacific 76 75 76
800 Sou. By. ...i.... 19 19 19
800 do pfd. 45 45 45
700 St U ft S. F 22 22 22
100 Stromberg Carb. .. 29 29 29
24400 Studebaker 74 72 72
Swift ft Co 96
500 Tena. Cop. A Chm. 7 7 7
9700 Texas Oil 34 33 38
20O0 Texas Pac 23 21 22
6200 Tex. Pac C A O.. 17 16 16
3200 Tob. Products 57 56 56
2300 Tran. ContL Oil. . . 7 6 6
11200 I'nton Oil Dei ... 17 13 16
1400 Union Pac 119 118 119
SOO Cnited Alloy 23 23 23
900 United Drag . .... 63 52 58
600 United Food Prod.. 16 16 16
1800 United Fruit 103 101 102
3900 United Retail Storea 51 50 51
7100 U. 8. Ind. Alcohol. 48 47 47
6100 C. S. Rub 51 49 50
400 do pfd. 96 95 95
100 U. 8. Smelting.... 28 29 27
209001U. 8. Steel 74 73 73
do pfd 109
940Tt!ruh Copper 46 44 43
700 Va. Chem 24 23 23
100 do pfd. . . 68" 68 67
300 Vanadium Steel ... 28 27 27
VtTandou 6
100 Wabash 7
500 do A pfd 20 20 20
..... do B pfd 13
Wells Fargo 66
800 Western Pac 23 22 22
do pfd 58
1500 Western Union ... 79 77 78
1 00 Westinghooae A. B. 87 87 87
1600 West house E. ft M 4 8 42 42
400 Weat Md 9 9 9
200 White Motors ... 81 81 81
1100 Willys Orerland .. 6 6 6
do pfd. 29
Wilson Packing S3
Wisconsin Central 23
Woolworth -. 108
400 Worthtagton Pump 38 36 87
100 W. ft U. K 8
SOUTHERN
LUMBER
OUTPUT INCREASES
A Trust company, announced today that
11 banking firms had pledged themselves
to provide a fund of $2,300,000 for mort
gage loans to allow the, building of small
homes In the greater city.
Sew Tork Bond Market
Furnished by, OTerbeck ft Cooke company.
Atchison grnl. 4s
BaL ft Ohio gold 4s.....
Beth. Steel ref. 5s
Cent. Pacific 1st 4s
St. Paul gent 4s
Chicago N. W. GenL 4s. . .
Lcuisrille ft NasfaTille 4s. .
New Tork Ry. 5
Northern Pacific Pi L. 4s. .
Reading genL 4 s
Union Pacific lat 4s
r. S. Steel 5s
Union Pacific 1st ref. 4s. . .
Southern Pacific coht. 5s. .
Southern Pacific cuct. 4s..
Penna. Conr. 4 s
Penna. 1st 4 Vis
Ches. ft Ohio cost. 6s. . . .
Ore. Short Line 4s
Bid.
77
69
86
74
67
76
81
21
76
75
81
94
77
90
81
86
80
82
83
12
10
59
29
12
80
46
65
7
9
22
23
88
81
62
36
63
4
85
44
65
25
30
74
52
8
23
13
57
12
18
47
56
111
IO
44
31
16
29
72
20
80
45
10
9
81
3
4
71
Va'
39
18
45
7
2
8
24
88
17
12
88
24
31
11
95
19
10
23
Liberty Bond Sales
(Reported by Orerberk ft
High.
Liberty 3s 8864
Liberty First 4 s
Liberty Second 4s
Liberty First 4s 8798
Liberty Second 4s .. 8780
Liberty Third 4 s ... 9200
Liberty Fourth 4 a.. 8790
Victory 4 a 9874
Victory 3 9874
Cooke
Iow.
8840
8790
8752
9188
8774
9864
9864
Ask.
78
70
88
74
67
77
83
21
77
W
811
95
82
94
82
si
83 "
84
Co.)
Clone.
8840
8790
8756
8790
8764
6186
8782
9886
0866
Standard Oil Stocks
(Reported by OTerbeck ft Cooks Co.)
Bid. Ak.
Anglo 13 15
Rome Scrysmer 340 360
Buckeye 81 83
Cbeeeebrough 160 180
do. pfd. 95 98
Continental 106 110
Crescent 26 28
Cumberland 113 .125
Knreka 75 79
Galena com. t... 33 85
do. Old pfd. 90 94
do. New ufd. 87 90
Illinois Pipe ISO 134
Nat l Transit 22 28
N. T. Transit 140 143
Northern Pipe 87 90
Ohio Oil , 250 255
Inter 1 Pete. 10 10
Penn. Mex . 19 22
Prairie Oil 420 430
Prairie Pipe 186 190
Solar Refg 825 350
Southern Pipe 78 . 80
South Penn Oil 180 ' 188 '
S. W. Penn. Oil 67 60
8. O. Calif 76
8. O. Ind. Tlf 70
S. O. Kansas 540 350
8- O. Kentucky 330 840
8. O. S. T 810 820
S. Or Ohio 860 370
8. O. Ohio. pfd. 107 110
Swan ft Finch 80 33
Vacuum 260 270
Washington 25 80
8. O. Nebraska 160 163
Imperial Oil 82 84
DEVELOP HALL MINE
Placer. Or.. Aug. 1L William Barker
has arrived from Butte. Mont., and tak
en up development work on the Hall
mine, wbich has been Idle for six years.
Several other properties, long idle, are
being worked.
Coeur d'Alene. Idaho, Aug. 11. The
Diamond Match company has completed
its nine-mile aerial tramway which will
carry lumber fro in Diamond City, "Wash
to the railroad. It is estimated that the
sum will save $300,000 in transportation
costs In the holdings affected.
New Orleans. Aug. 11. Lumber pro
duction In this region is on the increase
and lumber companies, are increasing
forces rapidly. A large demand for lum
ber in connection with railroads is fore
cast for the near future.
GLASS
Pittsburg. Aug. 1L Compared with
the demand in recent months window
glass shows improvement, although it is
still far below that of a year ago. Stocks
of hand blown glass have been reduced
In the last several weeks. Window glass
manufacturers meet in Atlantic City
August 12. Hand blown plants are pre
paring to resume operations about the
middle of September, but much will de
pend upon the wage conference which
probably will be held In Cleveland about
the middle of this month. Prices remain
stationary, fr
FRUIT
San Francisco, Aug. 11. California
vineydrdists are exercised over the lack
of demand for grape Juice and it is pos
sible that some wineries may crush no
grapes this season. This would leave
large amount of surplus grapes for ship
ment,
GRAIN
Galveston. Aug. 11. The rates on
heavy grains from Gulf ports to Rot
terdam. Antwcro and Havre have been
fixed at 27 cents for the second half
of August. The rate is the same fixed
for the first two weeks of this month,
Chicago, Aug. 11. The strike of the
men employed at 'grain elevators here
which for a time delayed grain ship
ments to some extent, has been called
off. Elevator owners declared no con
cession had been made the strikers.
GARMENTS
New Tork. Aug. 11. There has been
a reduction in prices charged manufac
turers of dresses this season for boxes,
twine, paper and other accessories. This
has contributed materially to reduction
of costs as boxes especially have been a
heavy item of expense.
METALS
Cleveland. Aug. 11. The price of cop
per products in this section have been
cut by manufacturers an average of
cent a pound.
CHEMICALS
New Tork. Aug. 11. There is little
movement in the fertilisers in this mar
ket. Some trading is reported in potash
but the buying is listless as though buy
ers had no fear of a reduction in prices.
The cost of nitrate is at a low ebb.
STEEIj
Sharon, Pa, Aug. 11. An optimistic
feeling prevails in Industrial circles in
the Shenango valley," and practically
every manufacturing head says condi
tions are admittedly better. While there
have been no large orders booked up to
the present time for future shipment, it
Is known that inquiries for iron and
steel are more frequent and requests are
made for prices on steel for delivery
the latter part of the year and early
next year. The Sharon Steel Hoop Co.
has purchased 2000 tons of basic pig
iron for $18 a ton. the lowest quotation
on pig iron for some time.
DRT GOODS
Atlanta, Aug. 11. Walter Rich, head
of one of the largest department stores
in the South, announced today his firm
had made imusually large purchases in
France, Germany and Belgium in antici
pation of heavy business during the fall
and winter. Other merchants have made
similar purchases..
AUTOMOBILE SUNDRIES
Port Huron, Mich.. Aug. 11. The
Mueller Metals company, makers of au
tomobile parts, announce that alterna
tion periods of depression and activity
were being experienced but that the
plants were turning out about SO per
cent of 1920. production.
BUILDING MATERIALS
New .York, Aug.. 11. Clarence H.
Kelsey, president of the Title Guarantee
Wholesale Goods .
Trade Is Active;
Many Reorders
John 1". Far-well company of Chicago.
weetfly review of trade Wholesale dry
goods business is manifesting the great
est activity in many; weeks. Buyers
have been in the market this week In
about triple the number compared with
corresponding week In-August of last
year. About every state is reoresented
in this market, showing the widespread
influence of the pageant of nrorresa.
Buying at present reflects the low con
dition of retailers' stocks. Merchants are
open for novelties and goods at rieht
prices. One noticeable feature is the
pronounced reordering of white goods,
which is unusual for this time of the
year.
Sheeting markets are much firmer.
caused by the large sale of cotton goods
ror export, it is estimated that at least
100.000 bales of cotton goods have been
exported to date. Outinir flannels are
selling very freely, also ginghams, both
iot at once and spring delivery.
Stock
ibpics
MakketI
Bank of England rates unchanged at
av per cent.
Great Britain's total imports for July
80.760.000 pounds and exports 52.S30.OO0
pounds, excess of Imports 28.230.00v
pounds, against 8,041,968 pounds in
July, 1920.
SEMCE
SIMPLEST
F.lV.Baltes
I Company
j Printers steiasS
Stocks. Boards, Cottea. Grain, fit.
316-317 Board of Trad Building
OYerbeck&GookeCo.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
. sibers CaJeagj Board ef Trade -GemsessAeat
Co gaa Bryas -
. tftJaatf .. ... jiw let-
F. I ,M .U .U J JL. J. .1. .1.003
Factors
I of I
I Safety
B A THOROUGH, expert H
H analysis of each issue u
L3 precedes our purchase M
po and offering of bonds, fcj
This, together with the iH
Lj stability and experience H
n reflected in the sixty-two fJ
H years continuous standing H
W of the Ladd & Tilton Bank,
H furnishes the maximum CH
Lj of safety to those with H
H funds to invest, LJ
Lj ' -1
R BOND DEPT. g
: Ladd & Tilton 1
I Bank
LX Oldest is the northwest H
H WASHISOTOir AT THIBB B
ivivivivivivi'i'ivivi'wr7i
Known and
Unknown
The trade name of the known,
established product is for your pro
tection as well as that of the maker.
In fact, it is only because the trade
name protects you that it Is profit
able to him. Warrenite-Bitulithic .
pavement has become known for
its resiliency and exceptional dura
bilityv That Warren Brothers are
sealous in their efforts to maintain
. this reputation is a . natural se
1 quence of 75 years' active work in
their line of activity.
Idle freight cars on July 31 totaled
526.177.' decrease of 28.293 from previous
weett. ,
ABXOCat BRANCH AT BCGETB
Eurene, Or, Aug. Is. Eugene is to
have the only branch house of Armour
A Co, In Oregon outside of Portland,
according to the announcement of F. H. -Johnson,
former Eugene newspaper man
who has been representative f the com
pany in this district since the close of
the war.
The branch will b oniwd Anrust U
in the Oregon Klec trie depot building,
and the territory covered .will be from
saiera to Ashland. Mr. Johnson will be
manager.
Canadian Pacific earnings first week
of August $673,000, decrease $283,000.
Twenty industrials 68.71, off L29.
20 rails 72.02, oft .59.
Endicott Johnson net profits for first
six months of year equal to $4.29 a share
on common stock after preferred dividend.
Western Union sells $15,000,000 bonds
to Kuhn, Loeb A Co., to yield 6.6 per
cent.
Northwestern Bank
Employes to Picjiic
T, T 1 I , .
uia win tomorrow arternoon
... ,
cciiinj, ue uie scene oi merry
making by the members of the North
western club, the social organisation of
the employes of the Northwestern Na
tional bank. P. A. Strach. treasurer of
the club. In charge of affairs, has ar
ranged a program of various events
along with swimming and dancing.
smite
That which promises
most does not necessarily
perform best.
We have a list of depend
able bonds that will re
turn you from 6 to
over 8 as certainly as
it is humanly possible to
assure.
Municipal bonds are the
safest investment you can
obtain. The bonds we
offer are bonds we own
and that we have pur
chased after the most ex
acting scrutiny. Our rep
utation is behind them.
Our reputation is the
most valuable asset ' we
have. May we be of serv
ice to you?
Call, phone or write.
or write.
We specialise in
Liberty anil Victory Bonds
See us before yon buy or ell
WOUND 1VOOR
REEMANe
SMITH
Camp
These bonds are of the character that
makes them LEGAL INVESTMENTS
FOR SAVINGS BANKS.
6 Park Bonds IR-nA
General Obligations of JlJCllU.
Property of more than
$700,000. A bonded
debt of only $213,839.
Not alone has Bend's growth been phe
nomenal, but the value of taxable prop
erty has increased at a tremendous rate
due to the construction of modern business
blocks and permanent homes and industrial
plants.
Behind these general obligation bonds stand
pledged the faith and credit of a city of
5500 people with taxable property paying an
estimated value of over J7.5O0.0o0. Including
this issue its bonded debt amounts to only
$213,839. Invest in the bonds of a city with
a real future.
Due Serially- 1922-41
Den. $500
Income
Tax Exempt
Prices
to Yield
6.25
Let as explain the
possibilities of profit
in Brazilian bonds.
LTJMBERMENS
t -
Broadway and Oak
Hydro-Eletfbic Dividends
and How to Get Them"
This
often
is limited
to 10,000
shares
A booklet with map, illustrations, and text pre
senting tne hydro-eledric situation in the Portland
Power area, and explaining the Special Savings
Plan of interest-bearing partial payments in the
purchase of Northwestern Electric Cumulative
First Preferred Stock, paying 7.37 on the invest
ment. Free copy on recjuest. Telephone, call or write
i ' ' ' "i x
NoimiwESTERN Electric Company
I . .G.'TAVAn.t&,Sf(i SIa Mmter j
j 10th and Washington Streets, Portland
i TeUpbomet: Bioadwat 580 Automatic 56747 -
This is No. li of a aeries of adrertieeneata.
j We Otter and Recommend
WHEELER COUNTY, OREGON
General Obligation 6 Bonds. Due Serially 1932-1951
Price 100 and Interest to Net 6
Income Tax Exempt ' "
Rl.nevepeaux&fQmpanv
INVESTMENT OONDS
ST SIXTH THCtT PORTLAND. OREGON ROAOWAY 104
- GROUND FLOOR WCLLS-TARCO BUILDING ' ' '
4.