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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 7, 1921)
18 THE OREGON DAILY JOURNAL. PORTLAND; OREGON WEDNESDAY.. . SEPTEMBER, 7. 1921. MWAUM GRAN COMPANY OPENS OFFICES . Selection of Portland as headquarters t the newly organised Gray-Rosenbaum Grain company, announced today by of ficials of the concern, brings to this city one of the largest grain exporting firms In the country and will be lnstru mental In handling an immense volume of cargo shipments through this port. The new corporation was organised by th N. P. Oray company of NewTork and the J. Rosenbaum Grain company - of Chicago. These companies exported mors than 150,000,000 bushels of grain during 1920 and, though operating inde pendently in the East, have combined to handle the exportation of Inland Empire I grain. ' I zszlx!? srSEJrifflA company on tne sevent nrioor or tne Lewis building. A staff of employes from New York and Chicago will ar rive this week and the business of the company will - be operated under direc tion Of Charles W. Baum Of Chicago, who has been looking after the Interests . of the company here for the past two Weeks. Preferential freight rates from the Snake River territory, water transporta tion and the most complete municipal grain elevator and dock facilities In the country for handling bulk shipments were the principal factors influencing - the Grsy-Roiienbaum company to locate its headquarters here, according to Charles Baum. TO SHir IX BULK - The concern would handle 90 per cent of its shipments from this port and 10 per cent from Seattle, Baum stated. Handling grain In bulk Js a compara tively ne wmethod on the Pacific Coast, but la rapidly gaining In favor with shippers. According to Baum the bulk method results in a great saving in 'time and labor, besides the cost of the . sacks used ordinarily in making cargo and rail shipments in the West. The Oray-Rosenbaum Co., Inc., waso T-ganlied under the laws of Delaware With a capitalization of $250,000. Copies of the incorporation papers will be filed Immediately in Oregon, Washington, Idaho and Montana. . FACILITIES GOOD - . Baum stated today that it was not the Intention of the ne wcompany to build elevators here, the facilities of fered by the municipal docks and ele vators being ample for their needs. The bulk of the grain shipped from here will go to European markets, where the ' N. P. Gray company has - many representatives. The J. Rosenbaum Grain company also has agents in all ' the grain buying markets of the world QEVEN lean, hard years. Seven years when the fields were parched and barren Did famine show its haggard face ? No I j In all Egypt there was wheat saved from the years of plenty I This old Biblical story has a modern application. SAVE WHILE YOU EARN I A sav THE FIRST NATIONAL OF I and th ttew organisation ' I well equipped to handle exports of the North western grain crop. Heads of both the Eastern concerns -t were here last week investigating harbor and hipping' facilities. Gray left Sun day for 8a nFrartcisco and Rosenbaum left at the same time for Kew York. Pennsylvania Line Defies Order of the U.S. Railway Board (By totted News) Chicago, Sept. 7. The Pennsylvania railroad Tuesday notified the United States railway bdard that" it would not obey the order to meet federated shop craft officials to draw up a new work ing rule agreement. Notice was "given in a statement by Ellaha Lee, vice president of the East ern region, In effect the statement 'puts the Penn sylvania system in defiance of the rail labor board and -gives notice that it will maintain itm "nnon hon" nolirrv insofar as the selection of employe represent tives to meet with the executives on la- Wholesale Arrests Taboo by Burns, in New Official .Duty .1 I. 11.11 1 (By United Newt) Washington, Sept. 7. There will be no more promiscuous arrests by agents of the department of ' justice, William J. Bums, new director of the bureau of Investigation, said today, in announcing plans for making the bureau the best detective organization in the world. There will be no more "Round ups" and wholesale arrests that marked the cru sades of formed Attorney General Pal mer against aheged extremists, Mr. Burns said. He added : The constitutional rights of citizens will be thoroughly respected by all agents of the department of justice at all times. "It is my idea to make the. bureau of investigation of the department of jus tice the most efficient and highly trained detective organization in the world." Pioneer of '47 Dies At Her Amity Home Amity," Sept. 7. Mrs. Phoebe Burch died at her home here Sunday. She was the oldest pioneer of this county, having crossed the plains with her pa rents by ox team in 1847, locating near Amity, where she made her home until ner aeatn., fmneraj services were held at the residence Monday, conduct ed by tiev. u. m. tiees, ana burial was in the local cemetery. St. Louis, Sept. 7. The Iron and steel .manufacturing plants in this section, are operating at only 10 per cent of capac ity at the-present time. OF PORTLAND OREGON THE ROCKY FOUNTAINS COTTON PLANTERS ENJOY COTTON FARMER IS NOV! IN CONTROL ! ! ! 1 . ' - By H. C Hamilton Interactional News BeiTlee Staff CorrospoBdeDi Atlanta, Ga., Sept. 7. (I N. S.) Dis regarding, so far as the market is con cerned, the fact that spot cotton in every Southern market now is commanding 20 cents a pound, or something near it. Southern planters are sitting back smil ing and waiting for the price to go higher. The fact that the recent sensational advance in the price of this staple, which is the backbone, ribs and all the rest of the South's j busines san'atomy. has put more than half a billion dollars Into the South's pocketbook, is only being realized on in this fashion : J Banks of the South are now offer ing to loan 75 per cent ot the value of the cotton now held by; planters, the first time 'such a generous offer has been made since the - days when cptton was : commanding around 40 cents a pound, which was during the war. 2 Shrewd business directors of the South's rehabilitation are taking advantage- of the sudden prosperity to preach to the farmers the fact that it is de creased production and cooperative mar keting agreements which have sent prices up. They are urging that It ie continued, i 3 Farmers are now realizing that they can raise something besides cotton at a profit land will continue to do so. The South, in a broad sense, has ceased to be a one crop country. Rough figures show that about 6,500.- 000 bales of cotton of the old crop are held in the United States. The new crop is estimated at about 7,000,000 bales. with a tendency to lower this estimate in some quarters. - Merchants in this section already are beginning to feet the stimulus in busi ness, Expectations are that the South will emerge from the most serious de pression within the memory of the pres ent generation without much delay. FOREIGX EXCHANGE RATES Corrected daily by the foreign exchang de partment of the Dai ted States National bank. Quotations below (except the pound starling) are quoted oa the buii of 100 unit foreigs. currency. Opening nominal rates on bank transactions: Draft Cable Par Checks. Transfers. Value. London Lbs. sterling 3 3.70 t 8.70 Si $ 4.868 Paro r&ncs . Berlin Marks. Genoa Lire . . Athena Drachmas. , . Copenhagen , . Kroner. . . . . Christian! ; Kroner. . . j . 7.80 14 1.06 7.61 1.06 4.33 19.30 23.81 19.30 4.32 S.12 5.73 19.30 1000 16.95 28.70 13.00 13.05 23.70 21.33 21.40 26.70 Stockholm . Kroner . . . Honckonc , Currency . .; . 51.20 51.45 48.33 48.50 Japan Ten . . . Shanghai Tsek 69.45 89.75 Canadian dollar discount 11 -per cent i ings account is insiirahce against disaster; a stepping stone to suc cess; a mark of character. Save then! Save while you earn! Begin oro. -Open your account with the oldest national hank West of the Rockies; The Firs National . -Bank of Portland. : : BANK IRREGOUR TRADE New York, Sept. 7. (L N. S.) The stock, market closed strong today. There j was some reaction from the high levels in the late dealings. United States Steel yielded from 77 to 76tt. followed by a recovery of 76, while Baldwin "reacted over one point to 80. Northern Pacific was in demand, mov ing up over 3 points to 76&, and Great Northern rose nearly 2 points to 744. Transcontinental lost all of its gain, re acting from 9 to 8. Studebaker fell 1 point to 75 and Mexican Petroleum yielded over 2 points to 114. Government bonds, unchanged ; rail way and other bonds steady. Total sales stocks today, 636,000 shares : bonds, $12,822,000. New York, Sept. 7. (I. N. S. The stock market showed an irregular . tone at the opening today with trade quiet. U. S. Steel was unchanged at 76 while Mexican Petroleum rose to 110. Transcontinental Oil was In demand, j moving up nearly one point to 8. Stu debaker started higher at 74 and General Asphalt showed a gain of V at 48. Northern Pacific showed a loss of at 73 and U. S. Rubber was lower at 47. Marine preferred was 1 lower at 44, while American Inter national was higher at 30. August Purchases On Pacific Coast Less Than in July Purchases in the Pacific coast section during the month of August, according to the Credit Clearing House report, were less active than in July of this year, but are more than August, 1920. Indebtedness is heavier than in July, but lighter' than a year and five years ago. Payments are more than in July this year, but less than in August, 1920. The decrease in purchases, according to the report, is due to later tbuying, but many buyer are in the market. Gen eral conditions are reported fair, crops good and lumber improving. The report is based on the tabulations of more than 200,000 actual transactions amounting in volume to more than $30,- 000.000. Increase in Gold And Deposits Shown In Bank Statement Aggregate gains of about J22.0O0.0OO in gold offset by a slight loss in other cash reserves, and taccompanied by an in- ereasse of $17,100,000 in total deposits and a reduction of 14,400,000 in. federal re serve note circulation, are indicated in the federal reserve board's tast weekly bank statement. In consequence of these changes, the banks' reserve ratio shows a further rise from 81.5 to 6S.S per cent Government deposits at the close of the month were $15,300,000 larger than the week before, reserve deposits show an increase of $1,900,000, while other de posits, composed largely of non-members' clearing accounts and - cashier's checks, show a slight reduction. Standard Oil Stocks Closing. Bid. Asked. 15 360 83 165 98 108 26 125 77 84 91 86 153 . 78 25 147 87 225 10 20 425 184 350 78 54 Anglo 14 Rome Bctysmer 345 Buckeye 81 Cheeaebrough 145 do pfd. 95 Continental 105 Crescent 24 Cumberland 115 Eureka 74 Galena, c 32 Galena Old pfd 86 Galena New pfd 83 Blinois Pips 150 Indiana Pipe 74 Nat l ..Transit 24 N. T. Transit .... Northern Pipe ... 142 83 222 .. 10 18 415 180 '335 74 60 71 68 -625 375 320 360 107 80 .. 240 23 145 84 Ohio Oil , InterX Pete Penn. Mex. ..... Prairie fill ... frame npa .... Solar Befg Southern Pipe . . . . . . 8. W. Penn. -Oil a O. Calif. 8. O. Ind S. O. Kansas 8. O.' Kentucky S. O. N 7. 68 640 385 325 870 116 85 245 28 150 86 S. O. Ohio do pfd. ............ Swan A Finch ........ Vacuum Washington S. O. Nebraska Imperial Oil Foreign Bond Market Furnished by Orexbeck A Cooke Co.: Bid. Ask. 5 . 4H 6- .17 19 ..62 V4H . 72 72 60 60 H . 82 S3 . 372 882 862 372 . 362 372 . 283 293 ' . 263 373 . 67 69 . 70 78 t . 10 11 . 10 11 . 11H 12 It 1H .12 13 . 11 12 H . 11 .14 . 11H 13 . ii 73H . 86 86 . 86 86 . 99 100 99 . 100 . 98 9 . 90 90 . 88 89 I Russian 5 Hi 1921. Russian BVts 1928. Russian 6 Vis 1919. Preach 5s 1931... French 4t 1917... French 6s 1920... Italian 5s 1918. . .. British 5S 1922... British 5s 1927... British rky 4s British, refs 4s . Belgium rest 5s ...... . Belgium prem. 6s...... German W. I 5s...... Berlin 4s . t ......... . Hamburg 4s ......... Hamburg 4 Ha ........ I Leipsig Hs.. ILeipsig St Munich 4t . t, Munich 5s . I Frankfort 4a , Jap 4s . lap 1st 4 Ha leap Zd.4tts .... I Paris sues V. K. 5 Hs 1921. U. K. 5Hs 1922, TJ. K. 5 Hs 1929. IC. K. 6Hs 1937 Jfew York Bead Market. Furnished by Orerbeck . Cooke Co.. Board of Trado buildias.) s- Bid. aik Atchison GenL 4t .......4. 78- ..... BaL Ohio Gold 4s. ........ 70 H 70 Vi Beth. Steel Bet. 61...... - 83 W, as Ceat. Pacific 1st 4t. 73 7iV St. Paul GeuL 4st.. ....... 4H IChicago N. W. GeaL 4..,... 7S - 4 7?4 I lA. - BBS 1. LU. ...W..sa.a,s Z IrJew York By. &t. .. ... ..... 20 . 21 2fortara rnc.r. u. 4s. ...... Readiag GenL . 4s.'. ........ V5V, TJnioiv Pae. lrt' 4a.. ....... S0. . 77Vs 75 8tw o. Diat. ....... y oa Uoiou Pac 1st Rot 6s.... 77 - 78 Southeni Pac Coot. 3s. ..... . 3314 4 ISosthonr Pae. Coot. 4.... , '92. I Penna. Cosr. ' 4 la a. . . . . . 8 87T4 auaa. 1st 4Ha .......... SO . - MU I Otes. eV Ohio ConT. 6s..... 2 - ' I Or. Short Lisa 4s. , . ..- 8 . 8 8U f -- Xfberty Bond Sales V - Reported y Orrrbeck . Cooke ooaapaor- ' .. - . iv : - r High. -Low. dose. I liberty Sl 374 8T33 I Liberty lit 4s. v. ... ... .... ... IjBsrtS-.- 2d 41. ....... .... ... . liberty 1st 4 lit ...... 87BO 8783 liberty a tai dim ui libera? d 4e ...... 1S 81 0 liberty 4th -4 ...... 3300 - 3792 ; THE SCRAMBLE FOR SUPPLIES AT RISE WALL STREET QUOTATIONS Furnished by Overbeck Cooks. Co.. Board of Trade Building. STOCK. ' High. Low. Bid. 2tt001Aaraaoe Kaoi,....l 12 in. . . . . . . i -: 100 38 84 S4 20 IS SSH 82 78 29 82 27 86 400 iio 300 690 Ajax Jtobecr .....I 20 Aleak Cols 80 Alaska Jnea ... . IH Allied Cheta. ..... 8H Allia-Chaiiiiere .. ..I S3 K 88 SS do dd. 800 200 Am. Beet Soor ... ..... An. Beech I IS SS 2714 lI00lAn- Caa Go. .....I 58 do dd. - 800 An. Car rdj... 127K 127 117 o xtfd. 10S 400 fc . . 100 100; s6o Am. Cot. Oil.. 1 2tt SO 19 45 4 10 49 SlH 17 41 87 do ptd. An. Itu Rrod . . . . Am. Hide Leata. do sfd. Am. In tL Corp....! Sl 80 u. unaeea 100 8400 100 do sfd. . Abl Loco. .1 88 H T do nfd. 1... 1103 Am. Sat. Baaor ..I... 4 6 7001 1800 800 2400 5500 Am. Shio A Comic. 1 7 6H a. smelter .... do tXd. 66 H 86 86 67 -as 66 24 Am. Steel Fdy.,..l 24 a. Sucar ..... .1 63 do nfd. 60 H 62 88 8800 Am. Sumatra ....147 Am. Tel. Tel. .. .106 46 U 47 2700 106 106 8100 100 9800 Tobacco 126 Tobacco "B". 12514 124 26 1Z4 124 Am. Wool . .. 1 74 H 72 74 do Ptd. 97 24 Am. W. p. ptd. . . . 100 Am. Zinc ........ Anaconda ........ Aaad Oil 7 T 87 85 25 ' 79 87 ii" "4 14 T 22001 ""iodj ioooo 20800 87 85 87 97 Atchison - 83 do Did. ....... 80 1A. Gulf A W. I. . . 27 27 Bald win Ioco. . . . . 81 80 do pfd. ....... 95 2700 100 8800 Baits. A Ohio. . . . S8 52 "4 14 87 do pfd. ....... 51 Beth Steel "B"... B. R. T 51 10 400 200 Rutie C. Z Bntte m Sup 4 14 800 100 ,600 'moo 500 Caddo Oil CaL Packing 10' 62 86 9 9 62 36 73 CaL ret. , do pfd. Canadian Pae. Con. Leather . . . . 86 118 112 27 13 28 27 47 65 ii" 10 27 500 7200 1000 ... I 2W 500 Crro de Paaco. . . 27 s Chandler Motor. .. 44 46 Chicago N." W Chgo. Gt W.... 65 63 T do nfd. 16 16 10 Chili Cop. Chino C. M. St P .10 100! 22 2200 2500 26 89 85 35 88 84 25 do Pfd. ..... 89 ..2500 400 Coco Cola C. it O 84 54 55 54 Colo. F. I Coto. Son there . . . CoU Gas & Kfrsc. . Colombia Graph. iCon. Gas 4 86 2100 1400 800 87 8 87 56 56 8 87 29 7 38 72 3 87 Cons. Cigars do pfd. Ccntl. Can Conti Candy Corn Prod. do pfd, . . . . . Coaden Oil C. B. L P. do "A" pfd. . 200 800 4100 41 39 S 72 26 69 25 100 '2366 7800 25 83 32 38 76 65 58 80 8 20 18 100 do "B" pfd... 11000 Crucible I do pfd. 60 58 '8 1 800 Cube Cane 2900 do pfd. 800 Caban Am. Sugar. 400 Del. A Hudson. 600 Dome Mine . . . . 0. A B. G-. . . , do pfd. 1100 Eodicott Johnson. , 1100 rio : S00 do 1st Ptd. . , 100 do 2d pfd. . . 4900 Famous Players. 8 0 19 14 14 100 100 100 17 17 16 1 66 13 19 18 57 5 22 10 57 61 18 19 68'" 61 18 19 56 .....Fed. Min. A Smltl 100 do pfd. ... lOOOjFiak Tire . t . . . lOOGaston Williams 800 Gen. Clears ... 10- 9 lOon. Ktee 124 6700fGn. Motor : 10 128 124 9 10 63 600 do 6 29900 Gen. Asphalt ... Goodrich Gt. Nor. Ore. . . . SSOOfGt. Nor. pfd 100 Greene Caiunea . 2000 Golf States Steel. 500 Haak. Barker . . 2T00 Houston Oil ... 100 Happ Motor .... 200 IDs. Central 60 48 49 31 28 74 74 38 67 51 72 19 35 87 56 58 48 48 U 95 95 95 84 2 1000 Inspiration 2700 Into rboro 34 83 2 3 78 io i 2 800 Interstate Callahan 1000 Int. Barretter . . do pfd. . . . . . 4 80 3 79 100 10 200 Int. Merch. Marine! 10 PACIFIC COAST BA5K STATEMENT Portland Banki Tbm week. Clearings MondsT . . . Tuesday . . , Tear ago. Holiday .3 5.919.479.69 8 9.024.248.46 5,705,617.73 6,852,568.68 Wednesday. . Spokane Banks Clearings Wednesday 3 Balances Wednesday Taooma Banks Clearings Wednesday . 8 Balances Wednesday 1.703.814.OO 398.027.00 656.696.00 41.580.00 soattle Banks Clearings Wednesday ..3 4.745.718.00 Balances Wednesday 620.246.00 San Francises Banks Clearings Wednesday . 321 J00.000.00 Oeslsno Banks Clearings Wednesday 8 2,387.000.00 Lot Bngelit Banks Clearings Wednesday 811.957,653.00 SHORT TEEX KOTES Furnishod by Clark, Kendall A Co. Prko. Am. Tel. A TeL 6s. October, .1922 99 Am. Tel. TeL 6s. February. 1924 98 American TeL A TeL 6s. August. 1925. 100 Armour Coot. 7s. July. 1930 98 Anaconda Cop. 6s, January, 1929.... 94 Anaconda Cop. 7s, January, 1929 89 Belgian Gov. 6s, January, 1925 95 Beth. Steel 7s. July, 1922 100 Beth. Steel 7a, July. 1923 98 Canadian 6s. April. 1926 94 Canadian 5s, October. 1931 90 Cop. ExrvAmoe. 6a. February. 1922 100 Cop. Exp. Assoc 8s, February. 1928.. 106 Cop. Exp. Assoc 8s, February, 1924.. 100 Cop. Exp. Assoc 8s,-February. 1925.. 101 Cudahy Packing 7a, July. 1923 98 Jap. First Ext. 4s, February. 1925.. 86 Jap. Second 4 Hs, July. 1925 86 Southwestern Beu TeL 7s. Apru, 1823.. 87 Swift A Co. 7s. October. 1925 97 U. S. Rubber 7s, December, 1923 98 D. B. Rubber 7s. August. 1930. 99 Hoaey kid Exchasge Kew Tork. Kept' 7. (L N. 8.1 Call morm on the floor New Tork stock exchange ruled at as per cent; nigh, CZ per cent; low. 6 per cent. rune - money was sieaoy. Ratestwere: , 5 e 6 per eenL Too market for -Brims marcantila naser ateaay. . Call money m London today was 2 pct cent. Sterling exchango was steadr. with business bankers bUls at S71 for demand. ' Foreign Exchange Harket New Tork. Sent. 7. (U, P.l nmim enanga- opened steady. Sterling (S.70 ; franca .otsz; nre .os; mam .uios; kronen .1740. Foreign exchange closed steady. Sterling iranns, ,v t o ; Bra. .ota; .6166. XAwrenee,.Has8.. Sept. 7. More than 30,000 mill operatives here will be idle until after Labor day as many of the plants win close to give their annual vacation -to employes. They Will Be Paying 6 3d Years from Now THE UPWARD SWING of the A business tide his begun. It !s always . followed-by increases In the prices of good bonds and a decrease in their interest rates. For 'assured high yield through future years buy . these - bonds 'now. -.The? securit j is excellent ; The bond is-unimpeachable, v 8740 1774 8T7S lV3l3a S784 sim 14 8794 ' ', i. . .f V - - ' ' -. Broadway and Oak STOCK- - Higb. Low. Btd. .1 431 44 iTS" . 18 13 13 . 45 44 45 75; 8 t 2 2 2 . 11 10 10 . 26 26 23 .51 51 66 . 41 40 40 . 19 19 19 12 . 40 89 39 23 . 52 50 52 1148 . 18 13I IS 1200) do pfd. 1800, Int. Nickel 8600.1at. Paer ..... . ofd. 40O0InnnHbJe Oil ... 800 Ulead Oil ..... TOOiJewel Tea S2O01S. C Southern. 2001 do pfd. SlOOKoUr-Spgfld. .... llOOiKecmemtt - 600;Kyatono Tire . . . ISOOlLack Stoel ILee Tiro . SOOtLehigh Valiry ... . . . . jLorUlard ........ BOOO Love Theatres 200 U n N 109 (109 109 SOSOO Mez. Pel. . . 115 109 14 .... I Miami 2200MklaUo Btataa Oil 0OMidTalo Steel ... J001M. K. A T , 20 12 24 1 is 19 38 71 11 11 24 4 1 1 1 do pia. , 2000 3300 Moot-Ward 17 18 Mo. Pae. 18 19 1300 2200 do ptd. ...... 87 67 88 M. 8. P. s 8. 8. M 70 Nat. Enamel 34 IN at. Lead . 75 10 15 95 76 24 30 71 1 17 54 36 49 44 38 56 19 28 23 13 1 56 26 74 54 95 12 64 23 23 47 SI 600 Nevada. Con. 10 16 93 10 110ONew Haren . 15 95 T8 ZOO?iortolk Jk w 11800 Not. Pae. 76 200 '966 200 'ioo . Nora. Scotia Steel N. T. Air Brake , N. T. Central . . . 72 71 Ok la. Prod. ret. . Ontario Silver . . , Ontario A W. . . Otis Stoet 1 17 1 ii' 54 860 Pae. Gas A Elec. S3 4 1'OO! Pacific CHI 86 83 48 48 lllOOiPan. inn. Pet... 51 12O0 do B 4200 Penna. 1800 Poo. Gat 900 Pere Marqnette. 800 Philadelphia Co. 900;Pure-OU - 2500 Pierce Arrow . . 44 38 38 56 56 19 19 28 W 28 25 23 18 12 &0;Piere Oil 7 7 600 100, I Pitts Coal Pius aV West V- do pfd 600 I Pressed Steel Car. 55 95 54 1000 Pullman 300! Ray Com. 94 12 69 1: 5200 Reading 68 iOOi Remington Replogla Steel Republic L 6 8 23 24 22 22 300 600 48 47 do pfd 400 1400 Rep. Motors Royal Dutch Oil. . . 9 9 9 51 82 68 64 36 20 71 85 51 50 K. Steel BPg 8' 80 11800 Sears 'Roebuck . . . . 69 66 Shattock, Ariz. . . . Shell T. A T Sinclair Stand. Oil CaL 9900 20 20 60081om-8bef. 84001800th. Pac 36 33 77 77 77 21 47 23 29 74 97 8 36 24 18 68 lOSOOiSouthera Br- 21 48 24 75 8 36 24 19 69 9 18 120 -0 47 23 '73 800 do pid. lOOOISt. U 8. F. . . . IStromberg Carb... 21400Studebaker ISwift m KjO lOOOITenn. Cop. & Chen lSOOlTexaa Oil 2S00iTezas Pacific 8 86 23 18 87 8 18 8400Tez. Pac C A O. . 94 00 i Tab. Products . 12400Tran. ConU. Oi 800 Union Oil Del. . 1400Union Pae, . . . United Alloy . . lROOlCnitad Drug .. 119120 I 2S 50 4 16 lOOOICnked Food Prod.. I 17 llOOIL'nitad Fruit. . f ... 106 L06 1 United Bda. Of N -I I do pfd. I 740OCnited Retail Storeaj. 54 58 100U. 8. Ind. AJcoooi 5700 U. B. BUD. 2001 do 1st Pfd. cj. s. smeiong V. 8. Steel... 19100 600 2900 1600 700 8300 do pfd. .... rtah Copper V a. Cbem. do Pfd. Vanadium Steel 1800ViTandou 400 Wabash 100 200 do pfd. .... Western Pacific do pfd Western Union 8900 IWeatinghse K. & M 800 West Md. White Motors 600 WDJjs-Orerlsod do pfd 1000 "i66 Wilson Packing... Wisconsin Central. Woolworth 400 Worthington Pump 400W. A L. Standard Oil Ta Keep Wolf ; Away for Year New York. Sept. 7-(L N. S The Standard Oil company still man ages to eke out a living, according to its reports of quarterly dividends issued today. The 79 Standard Oil subsidiaries earned cash dividends for the third quarter of 1921 of 327.236.817. com pared with 329,504,000 . during the third .quarter last year, a decline of some $2,000,000. Standard Oil of New Jersey, the parent company, wnich handles all the foreign trade of the organisation, paid a total of $25,076,268 in cash dividends during the first three quarters of this year. Stock ibpics 48 16 106 I I IT I 54 SB U 1 4T Ll 48H .:::::: A)T V E. I 8 8 B I ui uuouivee i as Senate finance committee at request of President Harding to report revenue bill repealing excess profits taxes ef fective as of January last. J. P. Morgan & Co. announce that $33,000,000 of Interboro bonds were re newed up to September 1. leaving bal ance or $5,144,400. was soo du an. siu.uw.uw 10-year 6 ; cent gold bonds to be offered by a Kew in York syndicate today. F. W. woolworth company sales August Increased 6.05 per cent over those of a year ago. The company' has no bank loans and nearly $3,000,000 cash on hand. New York, Sept. 7. The Viscose pany, . manufacturers of artificial fiber for hosiery and sweaters, expects! to put its new Lewistown factory in operation within two weeks. The com pany is sold up on higher grade yarns until the first of the yean General Obligation 6 Road Bonds Wheeler County ! Doe 1932-51 Den. $1000 Income Tax Exempt . This bond's general excellence is reflected in the county's financial i statement, which Jhovs over 18,000,000 taxable property as against a I264.000 bonded debt. LUMBERiMENS To Yield 3 LWESTOCK FUNDS AVAILABLE SOON Chairmen of committees) located in the principal - financial - centers ot the Twelfth Federal Reserve district, ap pointed to assist In granting loans to the livestock and agricultural Interests. funds for which were provided through recent legislation In connection with the operation of the War Finance cor poration, were in conference yesterday with W. L. Thompson, assistant to the directors of the corporation. The porposes of the organisation and the plan of operation mere outlined b Thompson. The attending, chairmen familiarised themselves with the work ing plans of the corporation so as to give speedy attention to applicants for funds from their respective districts. Application for loans will be made to local committees, mho In turn will for ward them with their recommendations to the directors at Washington. Funds will be paid through banks, loan com panies, cooperative associations who will act as fiscal agents and custodians of security. Funds will be available in the near future, according to Thompson. The financial assistance thst the livestock and agricultural interests will enjoy through the operation of the War Fi nance corporation mill soon reflect a much healthier condition in these basic industries of the West. . Those attending the conference were Edward Cookingham, president of Ladd A Tllton bank. Portland : E. O. Howard, president of the Walker Brothers bank. Salt Lake City ; R. L. Rutter, president of the Spokane A Eastern Trust com pany. Sprkane, and T. A. Marlow, presi dent of the Montana National bank. Helena. Chairmen Herbert Fleish- hacker, president of the Anglo & Lon don Paris National bank of San Fran cisco, and' H. M. Robinson, president of the First National of Los Angeles, mere unable to attend. Thompson left last night for Washing ton, D. C-, where he mill give his entire time for several months to the duties of his office. The First National bank, of which he is vice president, has granted him an indefinite leave of absence. Governiiieiit May Put Car Certificates on Sale in Near Future Washington", Sept 7. (L N. S.) The administration may decide to place on the market 3380,000.000 In car trust cer tificates, now held by. the director gen- Concervativo Custodian CHlQtD This bank U well qualified by long ex perience and" com plete equipment to perform ' the fall duties of administer' ing estates. per in com - ) silk HnnninKnUunc Western Bond & Mortgage Co. Bay B Investment Securities United States liberty Bond Issues. 8tate, County, , City, School and Km elan bonds, also mrst Mortcasree -on ; tmpcoved city and farm property. ' Lift of Carreat Offertafs ryon aatit Western Bond & Mortgage Co. 85 84 83 -1 .... 8J 80 30 jJ0 yli '21 '21 2? y II rs 45 44 44 11 9 9 9 ii 11 38. 32 S3 II II 6 II II 29 28 28 II II 36 'Jo II We Appreciate (I Tbis is a Mnk where you feel 3t home. We appre ciate your business and endeavor to make our service useful giving; more than ordinary atten tion to your financial affairs. HOURS-8 A.M TO 530PM. SATU ROAYS-8 AM TO 8 PM. I 1 II mssswSBwmussw- U Ktasti siillllii I Grsaai Tl, X XIX 11. Beard Trade BUc. t rOCKTH ST. era! of railroads as security for ad vances, as soon as the market can al sorb them at par. . t Officials today had practically agreed to follow that covrse. If Utrre is any serious delay when congress reconvenes In enacting th railroad funding bi'J. Financiers have advised administration leaders1 that the security snarket is rap- Idly coming back to a per cent baia COT TO HEX AIDED -Waahrortoia, Sept. . U. P. Aa ad- vanes ot I L2 90.000 to an Artscma cotioa growers' association mas authorised to day by the War Finance corporation. -: The corporation also announced an ad vance of Sli 0.OO0 to a California oooper aivt fruit association to finance export tales of canned fruit. The name ot both associations were miihheld. - Minimum Yield 8.45 REPUBLIC OF URUGUAY i Geld Bosst with ma turity valae ot 397.29 la V. S. Gold Cola at $61 Per Bond H Callable upon three months' notice, but with maximum maturity of 3 years. In terest payable quarterly In New York City in V. Uold Coin. rnuraay is a prnerwraoa aad aub etasuai repabhe of EaOeru Snejtai Assertna. tying Nts BraaU and ArrraUns " UM cSmat, large agnrultara erapa. raising and sporting. C aafit m atabW. people IndiaMrkua. MontrTideo. too capital aad rrm etpal sport. is one third LARGER thaa PorOand. This ksa is s gmeral obhasttoa i tit that goer stent, aad uo spa- cutcauy isss. Investment 314.000 Union Oo.. Road ', Maturity Jan. 15. 1927. to 1932. at 97.12 to 97.96, yield h to 0.95. S.OOO Dentist Oo. Road S Maturity May 1. 122, to 19:t. at 100. yield 6. 8,000 KtrtarsHao Imp. Se Maturity Ksc Jan. L, IKt. at 100. yield 6Cfe. 18,000 Whaater Oo. Road f Maturity July 1. 1. to 1347. at 100. yield 6. 9,000 son of AstoHa St Maturity July 1. 1330, at 98.30. yield . 38,000 Rullmaa Ims. 7l Maturity Est. Bept 5, 1322. to 1929. at 100, yield J. s.000 Tosoonlsa Ims. 7i Maturity Est, 1923 to 13. at 100, yield 7. y.OOO Pro, of B. O. Bt Maturity July 27. 1925. at 94.20. yield 7. tfiOQ Van Cams Co. t Maturity April 1. 1911. at 39. yield over &.10r,i. When the Inevitable Rate Decline Ha Come These Bonds Will Still Bear 6 Every pre-war bond investor remembers that , general obliga tion municipal bonds sold at premiums and. bore low inter est coupons. Bay Now. Those Time Are Returning 1 CIAIKENDALL 1 & CO. INC. - ; X Tiflh nrtd Stark Streets I Call or 'phone. U m t CAMP Wheeler County Doe 1932-51. Desw $1000 ',' 6 Road Bonds Yield 6 LUMBBRMENS Broadway and Oak 3 I Tirtory -4 ..,-.. i - 04 iTictory Sa .......... 04 04