The Oregon daily journal. (Portland, Or.) 1902-1972, December 21, 1921, Image 18

The Oregon daily journal., December 21, 1921, Page 18, Image 18

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Newspaper Page TextWEDNESDAY, DECEMBER 21, 1S2I. THE OREGON DAILY JOURNAL, PORTLAND, OREGON .-. 16 CLAIM THEY PAID FOR BOOKS THAT THEY OIDNT GET Prominent lawyers, doctor and Ttart . ness men tola f federal court Jury Tuesday how Nicholas L. Cogaa. book Kent, had persuaded them to part with sum varying- from! $19 to $6 for a aet of American history hooka which they Cogan la on triat ion a chars t using . the mail to defraud. Cogan, who represented himself as the Syndicate Press association, has swin dled 500 people throughout the Northwest during the past two years, according to the ' statement to the Jury of Assistant United States Attorney Hall Xusk. -----Upon his arriral In Portland Cogan is said to have oresented Mayor Baker -with a set of the books and asked for a letter of indorsement. With this letter in his pocket and another from Senator Borah of Idaho Cogan sallied forth. , Among his victims who have already testified are : L B. Evans, United Stats attorney at Salt Lake ; Cbartea K. Burch, oromlnent attorney at San Diego; A. C Kromom. local attorney ; Orln B. Cold- well, general superintendent of the P, R. 1 k. P. Co. ; Dr. Oj P. Hamilton, Moun tain View. Idaho : J. B. Watts, attorney, Mountain View. Idaho ; B. W. Oppen- hetm. Boise, Idaho ; J. W. Maloney. banker, Pendleton ; R. M. Davisson, Portlands .W. C. Chapman Twin Falls, Idaho: A. C Patterson. Portland ; R. D. Fontana, Portland Dr. C F. Schilta, American. Falls. Idaho : N. Q. Wallace, Prineville. Or. : R. H. Crosier Portland " B. O. HilL Jerome, Idaho; A-JB. Thomp son, Gooding, Idaho, and Edwin Portland. Some of the men were to receive the books for nothing, the money they paid out being- for the binding only, they said. Another said Cogan knocked off , 2 per cent for cash so he was paid the full $68. I . Fraudulent use of the mails is alleged when Cogan sent his "victims" letters telling them the books had not been for warded owing to a shortage of paper, or trouble at the printing house. Lusk said the book Cogan displayed to his customers Is a bona fide publication, classing It as a "good history." An agent for the publishers has been subpenaed to testify to the fihlpment of five sets of the books to Cogan at Portland over a rear aero. The books are still In the freight offices here, Lusk said. Misplaced ! Purse Is Found; Pickpocket I Theory! Punctured It look4d to me as though he tried to E rob himself." was Inspector Dren r.en's report after he had investigated a call from the Hood hotel at 4 o'clock this morning. George Davis, night clerk. ' reported that hi pocket had been nicked. 'Davis said that while he was sweep- lng in front of the desk., someone got behind him and. took his pocketbook containing $90. Two other wallets were in the same pocket, but neither was molested. When ' Inspector Drennen asked Davis where he had hidden the curse, the money; was finally found . in the pbcketbook under the cash regis- . ter, the police reported. . Short Circuit Cause Of Tieup, Is Belief Linemen and "trouble, shooters" have been unable to find the cause of the trouble on the Bull Run power line of : the P. R. L. A P., which suddenly ceased transmission Tuesday morning with re sultant paralysis to the business of the city. Officers of the company said to day that It was undoubtedly-a falling .- limb which had caused a short circuit ' and that soon as Ute line was tested out the limb burned off, Roll Your. . V ' and You Can Pronounce Dail Eireann Right Can you put a little Gaelic twist on your tongue? . If not. there is no use trying to properly pronounce the name of Dai! Elreann. the Sinn Fein parliament. But you can get somewhere near the I correct sound, anyway. DaO Elreann is spoken, as if it were spelled dal airin. with the ac cent on the "air." , -. , r - ' Right there where the r"j cornea In Is; your chance to show off your Irish. Give it a good snappy flop or roll.' . " Before trying, however, better ask some Irish friend to say It for you. Dail means parliament and Eireann means Ireland or Irish. On song covers it is spelled Erin.' ; Harvey and Briand To .Confer Tonight , London. Dec Hi. TJ. P.) American Ambassador George Harvey will .meet Premier Briand tonight to thresh out the entire question of France's stand on ? limitation of &$ms, It was learned today PACIFIC ; OIL SHARES INCLINED TO SI 10 W A, SAGGING - TONE SI Post and Auxiliary At Albany Choose Officers for 1922 Albany, Or., Dec 21. At a Joint meet ing of the American -Legion and women's auxiliary of Albany , officers were elected as follows : Legion W. K. Wright, commander ; Robert Stewart, vice commander ; Edwin Fortmiller, adjutant; Raymond Tomlin- son, finance officer, and Alton B. Coates, retiring commander; Eugene Shea and Delmar Slldow, members of the execu tive committee. Auxiliary Mrs. Gleeda Spoor, presi dent ; Mrs. O.- A. Archibald, vice presi dent Mrs. Edwin Fortmiller, secretary; Mrs. W. H. Bacon, treasurer, and Mrs. Q.' E. Rlggs, Mrs. Kenneth Bloom and Mrs. Asa Eastburn, members of the executive committee. Lonely Ones Will Be Given Chance to Become Acquainted "Ice breaking" will be the principal di version at a get-aeqnalnted social on the evening of December 29 in the T. M. C A. auditorium. Lonesome Luke Landers, far from home, and Shy Sadl Sanderson, of Hometown, need no longer pine for com panionship. Together they can chase Old Man Gloom away. -i fJThe party Is especially 'designed for such as these. Members of the T. M. C A. and the Y. W. C A. and of young women's -Sunday school classes ' will at tend. Games, music vaudeville acts and refreshments will be on the program. Fourth Class Mail May Be Sent Sealed Tinder New Ruling Articles coming under the classifies Uon of fourth class mall may now be sent out sealed, according to a new rul ing of the 'postal service, providing that the package bears on the outside the name of the sender, the character of Its contents and the inscription, ."This par cel may he opened for postal Inspection if necessary," or other words Jo the same effect . - Penalty- for enclosing writing1' of 'any sort within fourth class mail packages is 1100, according to Postmaster John M, Jones. There Are 111 Winds And IU Winds: This One Blows No Good It was one ill wind that blew no good when Steve Ivanoffs bat went flying irom bis bead Tuesday. Ivanoff was In an automobile at Forty- nrst street and Sandy boulevard when his hat blew to the pavement He jumped off the car and, in chasing his rolling headgear, plunged in front of a machine driven by George, Stump, 501 East Forty-seventh street north. He suffered a fractured ankle and bruised leg. Possible Coal Xlafor Cle Elan Centrmtia, Wuh.. Dee. 21. Just 1. Martin who has just rerarexui for a seven years' mining contract In Korea lor a w Xork syndicate. in Centra Ua, llendav. with his lister. Mrs. W. R. Rax. Marua sees to Us Khun this week to in. Tetticats tbs posnhUiues of opesiag a coal mine. Wilson j Foundation Fund Grows H K at ft ft ft ft ft l Quota Is Sought by December 28 The: Smith sisters of Monmouth have the honor of being first to contribute to the Wood row Wilson Foundation through the blanks which are appearing daily in The Journal. Arthur A. Rucker of Portland is sec ond. , j Many people admire America's war president They would gladly take ad vantage of the opportunity to show their gratitude for his, services to America and the, world, especially when It takes the form of a movement to recognise both now and during future generations the constructive achievements of Amer Bn rent us In behalf of democracy and Peace, t It is In awards for accompUsh rntfnta along this line that the income from the foundation, which Is to con sist of 11.000.000 or more, will be used. Every contributor, whether of, 25 cents r $25." will be recognised as a foundar and wilt receive aa engraved certificate of participation which also will be val ued as an evidence of patriotic service as the years pass by. " Formal acknowledgment was made to day of aflnitional contributions from the Jackson club, the Daughters of the Con federacy, Flora - R. Crosslin and Sadie T. Catlin. ; It was also announced that on De cember 2S, Wood row Wilson's sixty -fifth birthday will be observed with a "silver tea." to be given In the assembly room of The Journal bulldmr under the auspices of the Democratic Women's club. The proceeds will go toward the Wilson Foundation. Arrangements are directed by a committee headed by Mrs. Keamona p. Marshall. .As yet results to the appeal to rather Oregon's quota in the Woodrow Wilson r oundation . and report : the completion of the task on Wilson's birthday are not sausractory, it was said this morning. county chairmen of campaign commit tees do sot seem to realise that only tew days remain until" the twenty-eighth. 10 go over the situation and hear report by Dr. C J. Smith, the state ex ecutlve committee was called to meet at 4 o'clock today in the assembly room of The journal building. - Dr. Smith has Just returned from New Tort, where he attended the meeting of the national Woodrow Wilson Foundation committee as Oregon's delegate and where he was appointed a member of the national fnitte n permanent onran.sa.tior.. WOODROW; WILSON FOUNDATION, Lumbermen Truat Company Bank v VI v Portland, Oregon. GanUemen: Inclosed find $. . .. .... ....... .tor Woodrow Wilson FnnndaUon fund. please send certificate of membership to the under signed at the following address: r, : Kan . , Addraes --; ' ' !-- J''.'': . ; "t ... . . , r ! ...... : ' Mssssi aty I........... ,...,, jsiatai.4. . .. Maka cheeks to Woodrow Wilson Foundation. Lambermena Trust Company bank. Broadway and Oak streets, Portland. Oregon. 1 ri WALL STREET QUOTATIONS 'Furnished y Overbeck a Cooke Co., Board of Trade BuUdfcng STOCKS' (Wall Street Joornal naancUl KrWrv) Kw , Tors. Doe.' it. (C. P.l podaIueo ware tbs feature daring the Drat few ansataa oa the How Tors stock errhoino today. Issmim Player rnciesoo nade a aew his oa the ao at 19. AsMrkaa Leoomotrre led the aaip SMSts, bd st Otto wore frscttoa- ally hisher. There was little chance ia rafla Steel eouuBoa suds aa csrhr to at 84, off . efrtbs otto becsjsso heary before the of the fust soar sod Pacific Oil led the docfine. TUa stock saedr aa oarfar low to 47 ?4 . off 1 point set. Hexieaa PetroJemn sold off aesrir point, taaoaga a acuta seaar uaa some w the oita. BeUuia became nor lonmw aronoa soon and rwf rinna from bis he of the week ran Irons Dobrts to so- much aa 11 pant. I a ex- treeao reaerioa wa in Standard Oil of New Jer sey white soad at 181 sa compered with the ra ti nse-be of If- . too ore sweas nsocs as easy as any. ractne JU aippea oetow ti. The market became sou annac toe intra dout. bat the leral of prices darins thia period m- eooMereely anovo toe low 01 tna mora ine. Cora products wes well handled and ran Close to 8. ... . i.ti Drrioooa ru sp to new tusn xor the year at 50 H. " -., . The steel trade jrriew rrports a t all ia epera tioos, with United State Steel operatine at 43 ner cent ana too taaepenaeniB ib ids ruanni district at S5 per cent . . The ceoeral trend or trie tnanstnai ana ou divisions on the New York stock exchange today toward lower price, atitftough the market could not be characterized as weak at any time. The aeUina wa mostly by traders and cen tered in the stocks that hare been strongest in the last month. Pacific Oil. Texas company and the tire atockeand some of the steeeis tare way easily. Rails, with the exception of 8L Psul, held up well. St Paol preferred was knocked down to a new low for the year. Call money renewal rate waa ran np to in the day. Foreicn exehancea were aoshtly lower. Th marxet eloted hoary. FOKEI6IT GOTEaUTKEKT BONDS (Famished by Orerbeck Oooke Co.) Bid. Belsian rest. ts ............ 84 Beieiaa prem. 5 72 Belsian 7 Via. 1945 104 U Belaiaa 8s. 1941 w Beldaa 6s. 1925 95 H Brasil 6s. 1941 British 5 Ha, 1922 . British 5s, 1922.... British Ba. 1927 .v.. British 5s, 1929 British vky. 4s British ref. 4s .... Bordeaax 6a. 1S4 . . Canadian 6s, 1997-.. Csnadiaa 5s. 1926 . . Canadian 5 a, 1929 Caaadiea 6a. 1981 . canadiaa one, 1927 Cbileaa Sa, 1914 C. Currency Denmark 8a, 1943 . Dan. MtmL 8s. 194S. Franca 4s, 1947 ... French '5a, 1920 ... Pre orb 5a, 1931 French 7 Hi. 1941 . French 8s, 1945 ... German VI'. L. 5s ... Berlin 4s ... Bambnrc 4s ....... Hamburg 4 He Leipeif 4 Hi fjeipsis 5s ........ linnieh 4s Honich 5a Frankfort 4s Italian 5s. 1918 ... Jap. 4s, 1931 Jan. 1st 4tta 1925. Jap. 2d 4H. 1925 . Norway Bs, 1940 . . . Russian 5Ha. 1921 . Ruesian 5 Ha, 1926 . Russian 6 Ha. 1919 . Swiss 5 H. 1929 ... Swiss Js, 1940 . ... U, K. 5Ha, 1922 ., V. K. 5 Ha, 1929 . S. SHt. 1937 104 99 H 429 424 423 830 307 86 H . 98 H 95 H . 97 "3" 101 H 8 ' 109 H 107 H 49 71 - 60 H 95 99 4 4H 5 5 5 6 5H 7H 7 85 H 74 87H 86 109 10 114 12 95 118 99 99 95 H Ask. 68' 75 105 1064 95H 104 H 434 433 340 317 86 H 94 H 96 H 97 95 H 94 102 10 109 107 50 H 72H 61H 95 H 100 5 5 6H 6H 6H 7H 6H 9 8 36 H 74 H 87 87 110 14 2 15 9$ 113H 100 99 95 H Lumbermen Look For a Big Year in Northwest Industry Aberdeen. Wash.. Dee. 21. Seventy-fira ner oont of the loninc camps in Grays Harbor coun ty wui oe eioeea tor toe nonnay season. Some will ma th roach without interruption, on account of larye demand - for Iocs. The cold weather and snow threatened to close all the oamps bat marked moderation today renered the attnation. Tbe closedown wui be brief owing to heavy de mand for logs. Shipments of lumber to Japan continue large and orders from California are in creasing. Lumbermen look forward to the coming year a one of big promise. SOOiAdema Prriroae ... 1100;Agr. Cnem. ...... 500 do pfd. .. . ...... 4000 AJax Babbes ... lXOOiAlaaka Gold ...... TOO I Alaska Jnnean .... 13 000) Allied Cbesn. .. . . . 2600iAliis-Chslmers .... ..... do Pfd. ........ 30O'Am. Beet Sugar... ZeOIAeu Boech 4200 Am. Con Co. ..... - 100 ;pfd. ........ leetAan.i Car it Fury.. 1 00 do pfd. ........ 200 Am. . Cot. OH 100 do pfd. . ...... . 800 Am.; Drag Synd.. ,. . . . . . Am. I Hide eV U.... ' 200 do pfd. ........ 600 Am. : Ice 40iAm- Intl. Corp. ... 15O0 As. i 1 inaaed do pfd. ..... 4800 Am. Loco. .. . . .... . do pfd. . . . . . SOOIAm. ; Saf. Basor. 6001 Am. i Ship aV Con.. 140OAm. ! Smelter . 800 do Pfd Am. Snuff . . . , . ISOOlAm. Steel Fdy.. 6SOO Am. : Sugar . ... . 1900 do pfd. 1600 Am. Sumatra ., 2400 Am. 'TeL Tel. 800 Am. Tobaoea . . 5O0 do " 2600 Am. Wool . . . . . . . . . do pfd. .... 100 Am. W. P., pfd 800 Am. Ztrje .... 14300 Anaconda .... 100 Amociated Oil . 2600 Atchison 600 do ofd. 200 Atlantic Coast tine 4600 AtL Gulf AW. 1. . 13200 Baldwin Loco 100 do pfd. 1000 Bait. A Ohio. 300 do pfd. ....... 1400 Beth. Steel 'B". . . "266 Butte, C. i i'. '. '. '. 2000 Butte A Sup 1200 Burns Bros. 1600 Caddo Oil 500 Calif. Packing 4700 Calif. Pet. ...... . do pfd. ,,, 8700 Canadian Psc 1400 Cent. Leather ... 800 Cerro de Pasco . . 4400 Chandler Motor . . 8000 Chicago Ji. W. lOOfCUgo. Gt W. ..1 160 do pfd. ..... 4800 ChiU Cop. lOOOChino . f. 6000 C M. St. P 4600 do pfd. 3900 Coco Cola . . 800 C oc O 300 Colo. F. A L ... 200 Colo. Southern. . . 3000 CoL Gaa A Elec. . 3100 Columbia Graph. . 700 Con Gas 600 Cons. Cigars .... - do ufd. lOOiConU. Can . . . . 1 Cities Ser. Banket 10700 Cora Prod. 800 do pfd. 16400 Cosden Oil 600 C. B. I. a P 100 do "A" pfd. . 200 do "B" pfd. . 3600 Crucible 100 do pfd. r 1700 Cubs Cane 1000 do pfd. 100 Cuban An. Sugar 200 Del. It Hudson. . Dome Mines .... 3500 Del. it Lai... . . . 7800 Darison Cham. . . 1800 Endicett Johnson . 1800 Erie 1200 do 1st pfd ... 11200, Famous Players . .... Fed. Uin. Smelt 1800 do pfd. . . 3500 Ftak Tire .. 200 Gaston Wens .... Geo. Cigar v. . . . 1600 Gen. Elec. ...... 4500 Gen. Motor Glen Alden 13100Gen. Asphalt .... 700 Goodrich . . . . . Goodyear ....... .... Grant) y 800 Great Nor. Ore. . . 1600 Great Nor. pfd. . . 800 Greene Caaanea... 200Gnlf 8. Steel 6900Hask Barker .... 2 4 00 Houston OU ' 4 00, Hupp Motor 400 Ills. Cent. 2000ilnspiration 600 InUrboro . 400 do pfd. BUUj interstate Bonding Companies Asked to Make Good Basse. Idaho. Dee. 21. Demands nave been made by B. K. Hyatt, director of the state bureau of account, oa the surety companies for to 6116.40V deposited in stats and national bank which bar closed their door. The bond tag oompaaies, which must meet these demands are: 1 national Surety company. United Btate Fidelity A Guaranty company; Fidelity ft De posit Company of Maryland, American Surety company, Maryland Casualty oompany and the Atne Casualty A Surety oompany. The state banks suspending operations had state depoeita oi eoe.euu; tne national backs bad 846.0VO. NEW INCORPORATIONS of in- Olympia. Wash.. Dec 21. Article corpora Uon filed with the secretary of xueeoay irjcroaed toe following: isetan. Crane Pike. Baa Franeueo: caottal stock. 2 5.0 OO ; mannwactaring and selling paser proaucia; sua tx Dniccenng, Herman, Wein berger and B. S. Westerrett. Hoe-Ankeay eomnany. Seattle: capital stock. 10.000; wholeaale and retail coffee and teas; J, aaceny ana 1 nomas a- tloe. 1400)Int Harr 900 Int. Mer. Marin. 2000 do pfd. 1200 Int. Nickel .... Higb-l Low. fcnd. 49H .49 49w 29 29 29 58 67 66 19 15 15 " 64 57 57 88 H 88 88 ' ..... ..... 87 28 2T 27 84 H S4H 84 88 82 82 8 98 1 98 144 142 148 114 114 118 28 23 22 45 45 46 5 4 4 14 60 69 69 74 74 78 42 40 40" 33 83 82 68 161 99 99 114 .4 4 4 5 5 5 44 44 48 88. 87 87 109 33 83 83 61 49 50 81 78 79 82 80 80 114 114 114 138 181 133 128 , 127 127 81 80 80 101 27 27 27 13 12 12 48 47 48 108 108 103 93 92 92 . 86 86 85 H 90 90 90 . 83 30 81 , 97 95 95 . 10 104 104 . 35 33 85 . 52 62 H 52 . 56 65 55 6 5 5H 5H . 19 18 18 . 120 H 119 120 . 13 12 12 . ,70 69 69 . 49 H 48 48 84 . 121 119 119 . 30 30 30 .'34 34 34 . 50 49 49 H . 66 66 66 6 6H SH . 16H 1H 16 . 15 15 15 . 27 26 26 . 19 18H 18H . 31 30 80 . 47 40 40 .56 55 55 . 25 25 25 . 89 39 38 . 67 65 65H . 3 3H 3H . 93 93 92 . 25 25 25 61 . 47 47 46 s 22 H 22 22 . 98 87 97 . 112 111 111 . 38 36 37 . 32 31 31 . 86 85 85 . 71 71 71 . 66 65 64 . 86 86 86 . 6 6 6 . 14 13 13 . 13 13 13 . 107 106 106 H 18 . 118H 116 116 . 55 52 52 . 80 78H 78 . 10 10 10 . 16 15 15 .'79 78 78 8 . 38 86 H 37 . 12 12 12 67 . 140 186 136 . 11 10 10 . 43H 42H 42H . 68 65 66 . 86 35 35 11 27 . 31 31 81 . 76 H 75 74 . 28 27 28 . 46 46 46 . 80 79 H 79 H . 79 77 77 . 11 11 11 . 98 98 98 . 40 39 39 " 1 H 1 H 1 . 4 4 3 6 6 6 . 83 82 H 82 H . 14 14 14 . 64 63 63 . 12 12 12 Sales. BTOCK8 370O, Inv Paper....... ....) do pfd. ...... 18400 Innncibie Oil.... SlOOilslasd oa ...... SOOtJewel Tea . . . ....JC C ftouthera.... . . . . do pfd. . . S700!Ke)y-Hpgfld. 6500:Kennecott. -.. ezvviaeyaronei LIT . . xw-LMtx oteei ... lSOOlLetugk Valley ... 106:LonUard ...... 3500!Loew Theatres .... .... Ji. . . . .. , J. II 1 w 1 . nz -i. . . itivv auuil VU ' . . . . 600 May DepW Store . 13b0OMex. Fet.,' zsvoiMuunt Middle States Oil . Midnle Steel ... M. K. A T. "Wd" do "Wd" pfd. . Mont. 43O0 4000 760 7001 200 900(Mont. Ward. 700 Mo. Pac ....... 900 do pfd. 400 M. St P. A 8. S. 400 Nor. Am. ',. . , . , . . . . . Nat. BUcuit ...., 900 Nat Enamel . . . , . . . . .(Nat. Lead . , t . .. 600 Nevada Cos. .... lkOOjNew Karen ..... 400iNorfolk 4c W... 4 100 Nor. Pac High, y Low. 200 Nor Scotia Steel 22001N. Y. Central loOOOkla. Prod. ref... Ontario Silrer . 100 Ontario A W.... 1600 Otis Steel ...... 1600: Pacific LeT. 4O0tPac. Ga A Elec. 200)Punta, AUegre 2 12 00 .Pacific Oil 94iOjPan-Aaiu. Pet. . . . 1400 do 4100 Petinsylnni 4500 Peoples Gas . 900 Pere Marquette .. . 440O Pure Oil 800 Phillips Pete. 1400 Pierce-Arrow 5700 Pierce Oil 800 Pin. Coal ...... 900 Pitta, a West . . 200 Pressed Steel Cer.i' 8200 Pullman - ....... 1200 Bay Conk. 6600 Beading . ....... 300 Remington . . . . V 400 Beplocle Steel 2100 Bepublic 1. AS... 200 . do. pfd. 800 Rep. Motor .... . ' 5100 Royal Dutch OU. . . 200 By. Steel Springs. . . 2000 Standard Oil N. J. 11000 Sears-Roebuck . . . . - 500 Shattuck, Ariz. . ... 400 Shell T. & T 5800 Sinclair- Standard Oil Iud... . Sloes Shef. 5i;SonUiern Pac 800j3outhen By. .... 1600( do pfd. BOO! St. L. A S. F. 6008tromberg Carb. 7600)8tudebaker . . . . Swift A Co. 54- is' 2 11 48 25 .16 45 68 153 - 14 25 10S 115 1H 27 25 69 14 17 46 69 44 38 14 12 98 79 23 74 . 3 21 11 5 67 28 48 2 7 33 62 21 88 83 13 13 63 25 64 108 15 73 24 25 62 84 T 51 91 184 59 8 88 22 89 80 18 45 21 36H 1 81 Bid. 700Tenn- Cop. & Chem. 25700 Tei Oil 8900 Texas Pac 5700 Tex. Pac C. A O. . 6500 Tobacco Prods. 5000 Tran. ContL OU. . . 8100 I'mon Oil Del. 1400 Union Pac 100 United Alloy 400 United Drug 300 United Food Prod. . OOOiCnited Fruit SOOlUnited Rda, of N. 1. 100 United B. A P 11700IUnited Retail Stores 2100 4500 18000 4200 2800 900 1800 600 300 2000 100 200 14O0 U. S. Ind. Alcohol U. 8. Bub. do pfd. TJ. S. Smelting 0. S. Bteel do pfd. Utah Copper . . Ya. Chem. do pfd. . . . Vanadium Steel . Viyandou ...... Wabash do A pfd. -. do B pfd. . . Wells-Fargo Western Pac. Western Uaioa Weatioghse. E." A Ml 1000 2500 600 800 200 10 47 26 29 64 11 19 126 25 72 10 125 9H 71 54 39 55 lOOfWest Md. (White Motor . . jWuln-Owiand , do pfd. Wilson Packing . iWoolworth 400 Worthmgton Pump. 100 W. 6s L. E 800 Whits Oil 62 12 2 11 42 24 14 43 57 152 24 167 113 26 13 27 . S5H 68 13 17 45H 67 43H 37 14 12 97 78 23 73 21 11 5 66 27 46 51 46 33 60 20 ,87 33 1SH 12 63 25 64 107 15 72 24 24 Vt 61 H 84 7 50 91 181 57 8. 38 21 87 79 18 45 21 35 80 10 41 H 25 H 27 62 H 10 18 125 H 25 71 10 123 9 71 63 39 54 84 63 28 66 31H 7 6 20 63 17 60 8 38 H 29 80 183 43H 7 10 83 61 27 .64 31 6 6 20 63 17 50 8 38 5 29 29 133 45 7 9H 62 90 12 2 11 28 53 42 24 14 45 67 131 13 108 24 197 112 26 18 27 23 68 1S 17 45 65 43 122 37 82 14 12 97 78 23 73 21 4 21 10 5 66 27 46 61 4 33 60 20 37 33 13 12 82 25 63 hi 108 14 72 24 23 61 83 7 50 91 180 57 8 38 21 H 87 37 79 18H 45 21 85 80 88 10 45 25 H 92 62 10 18 123 5 71 10 122 8 71 63 39 54 99 33 83 114 61 27 64 81 6 . 6 20 13 63 17 91 49 8 37 5 28 29 133 44 6 10 SHORTAGE OF FINER GRADES OF WOOL .- Boston. Dee. 21. The wool remarket threat en to develop int a runaway affair owing U the eAenaioa of tbs emergency tariff to Feb ruary 1.' - Tier vi aa actual shortage of some ef tas Oner grade of wool and price he ad vanced ia some 'eases as much as 86 per sent since last summer. It is practically impossi ble to import wooL , IJTESTOCK : ; El Puo. isxsa. Dee. 21. There hare been heavy sales of sheen in this section in the hut few day. Breeders have been aodntomed to nota on unu alter tne nonay. rrns pan ib general hare bees satisfactory. MACHiXKHT . ' Avis. X. T.. Dec 21. The ahop her of the New Tort Central railroad bar been re opened with about 10O employe. OIL Bekersfield, Cat. : Dec 21. -Oil consumption now is exceeding production. Production is be ing speeded up, bat demand also is on the in crease and rewrrs are being cot down. . Corsicana. Texas. Deo. 21. Drillinar has been returned in the oil fields of this district. It sad bee suspended for- some time because of the lack of water, , notes now ha, olied by late rains. . v IMEKHWn.aK New Tort. Dec 21. A new style underwear will be introduced in this market next tpnni It is a union suit, the upper Dortion of wmc. I of porous knit and the drawer 'of nainsook. Toungstowa. Ohio. Dec 21. Fine, akelo and nlata output will be enlarged In this dis trict to keep pace with Incoming business. Oil companies are showing special interest in this pipe marKeC it at reported that i none in stance of aa independent bid on a lot of pipe was 40 per cent coder the TJ. 8. Steel cor porations pnc. few Cumberland W. va.. Dec. 21 The Re sistant Alloy Casting company has changed Money. 6. 5. 5. Total sales, stocks, 688.600 shares. Total sties, bonds, $19,543,000. Dealers' Syndicate Off ers $30,000,000 Of Denmark Bonds A syndicate of dealers is offering to pubhe 130,000,000 of Kingdom of Denmark 20-year 6 per cent external gold bonds, due in 1942, the bonds being priced at 94 H and ac crued interest, at which they will yield in excess of 6H per cent. It is reported that the issue was orersubseribed immediately and set a new record for lerel for securities of foreign coun tries' which has resulted from pQing ap of in restment funds. Only few month back bond of this type were offered to the public at price to yield as high a 8 per cent, with attractive sinking fund features providing for calling the bond ia large amount annually at very sub stantial premium. 4 i The bonds of the Denmark loan are non callable except as a whole, the right being re served to call them in in total amount on any semi-annual interest date with 60 days' advance notice at a premium of 5 per cent above par value. Local dealers offering these bonds are Freeman. Smith A Camp company, the National City company. Bobinson St Swing. Lumbermen Trust eompeny, E. B. Rollins A Sons, Ladd A Til ton, Blyth-Witter oompany. Bond. GoodwiB A Tucker and . L. Devereaoz oompany. Town of Umatilla j To Have New Bank PACIFIC COAST BAXK STATEMENT Fenians Banks Clearing. Monday..! 6. 269.791 t 6.826.058 Monday.!. 1.577.250 2.064.4ZS Clearings.' Tuesday. 4.612.771 , 5,208.880 Balance. Tuesday. - 91O.071 S7S.9CS Clearing Wednesday 4.123.999 5,361.897 Balance Wednesday ' 900.949 . 910.043 (tank .....I 1,781,544.00 ..... 657.773.00 Bank t 448,288.00 45,180.00 Clearing Wednesday . . Balance Wednesday . . . Tacerrts Clearings Wednesday Balance Wednesday ....... Seattle Banks fUrtnin Wednrsdsj ....... Pa is none Wednesday ....... Pes mas Oaring Wednesday . . "San Clearing Wednesday S.476.3SO.0O 2.148.199.SO 8 1.709,000.00 Cles rings Wednesday - . . 82S.10O.O0O.0O Bank ...113.396.121.00 9320 IXBEBTT - BOKO SALES . (Beperted by Overbeck A Cooke Co.) " . . Open. High. Low. Oose. Liberty. S .... 9322 9334 Liberty. 1st 4. Liberty. 2d 4s . . .... Liberty, 1st 4 a. 9656 9632 Litierty. 2d 4 a. 9606 64 Liberty, 3d 4 a. 9788 9730 Liberty. 4th 4. 964ft 9632 Victory, 4 -.16S 1M02 Victory. 3s. ....lew v 10002 9630 9560 970O 9612 100 10 9324 9626 9566 9636 9570 9706 9616 16O02 10O62 Hermiston, Dee. 21. The town of Umatilla to to have a bank. Over 40 citizens have sub scribed for stock, from on to 20 share each. The following board of director wa elected: R. D. Browne!!, F. L. Jewett. Pet TUaon. H. 1. Duncan and W. C. Chratenson. Christenson to be the cashier. S. 81ocum of the Peoples bank of Portland assisted ia the organ izauou. The institution expect to open for boeiness ia about two month. FOREIGK EXCHANGE KATES Corrected daily by the foreign exchange de partment of the United Bute Ntftonal bank. Quotations be tow (except the pound sterling) are quoted oa the basis of 100 units foreign currency. Opemag nominal rate oa bank transaction: Draft Cable Par - ' Chwrks Transfers. Value. London ' . Lbs. steriing.t 4.21 6 4.21 $4,866 Paris France . . 8.06 8.07 J9.30 Berlin -Ms rat. .5S .58 23.81 Uenoa Lire... 4.57 4.58 19.30 Athene Drachmas . . 4.18 4.21 19.30 Copeehagiin Kroner .... 26.50 . 20.55 26.79 Chnstisnis Kroner .... 15.7S 15.77 26.76 Stock holm - Kroner .... 25.00 25.05 26.70 Hongkong) . , Currency ..1 56.93 . 56.20 Japan Ten I. 48.09 48.15 Shanghai- ; : Taeta 77.60 77.96 ..... Canadian dollar diMout 8 per cent. Meat Order Awarded Aa order for $14,560 worth of meat has bebs placed with Caratea Parking eesspawy by the Cnited State army. Other low bidder among Portland firms awarded contract for army sappbea are Swift A Co 82983; Hues, Ehrmea company, $131.26. and McKoniey Mitrheu. $111.3 tor potatoes and Antony .-, Fsrslcs F.xrkaaga Markef r" Sew Tor. Itee 24. (U. P.) DeeAnd eter- Unc rwned today st -84.21 i franc. ',0894 5 lire, .43S; marks, .6058 H-i ; - r ; Demand sterKng ciosed t S4.26 f franca, .798; -Kte. .Ht; mark. N37 : lwaisa kr-nen. rsaa. s.i -v,''- STANDARD OIL STOCKS (Furnished by Overbeck A Cooke Co.) ( J ' KUeada Has Tojf artsry - fed. Dee. St. A t-w ifttlutry f? Kita sd has started um It K (jatted tiie lUeeda Toy cosniwiiy. end a8 kiwd vf rbtMrea a tor are-to be- aansjfactvrad. At pre lewt boys aiede aad waeuirs ere besng made eomething Kew ia tit om. P. S. Pecaaeeker and W, V. Car arc the promoters the aew enterprise.' ly: AngU CbeeserUBgb do pfd. .. Kareka isirna. no - ............. islrm Old, pfd. .......... . Calraa- New, pfd .......... Dlinass Pipe . ., 4- ...... . Indiana ' Pipe .............. Northern Pip r ".-.-..:. . f ihio if .r...-. Peaa.'' Mex.'..;:i-i J.X,..,, ftouihera lipe . . 4. . 78 Kauth Pren Oil i. . . i.. .v SOS St . I"atf .,Ui. ...... 92 a . Iwd...i.. ........... 7 rV O. Kn . .'. ..... . 57 , S. O.".. Kewacky .-v. 435 : s. n. x. r.,... i.... S72 S O. ii i! 299:::. s do M ................. 1 11 . I'nfenj;- S. -' 8,. .". ta'towtU ISt'.-';, 9. ti. N'ebr- .4 .......... 166-'" ; Bid. 21 186 163 78 40 163 106 162 61 272 17 Ask. ISO 106 86 42 106 105 167 83 . - 94 274 ; - is : - so 215 50 445 376 4O0 .113 1 i v it 1176 Stock ibpics Pullman stockholder at their meeting Tues day anoroved an increase in company's stock from $120,000.000 to $135.000.000. Some of the weakness in the Liberty 3 which has cropped out of Ute has been t trihntail tr. the fact that big holder were Miti4ui mat f thia tent into moderately long term municipals yielding something better than 4 per cent to maturity. The C. B. A 0- ha applied to th rater state commerce commission for aothortty to issue and sell $30,000,000 first and refunding mort gage 50 year 5 bonds dated August t. iii Down Jones A Co. summary: Mexican gov ernment grant delay until February 25 of pay ment of oil export taxes. Eleven large paper manufacturers of United States and Canada with more .than 12,000 worker ask arbitration board for 25 wage cut Kuhn. Loeb A Co. of New York announce sl -eaortgsge 5 gold bonds in denomina tions of $1000. $500 and $100 and pre ferred and common stock certmcates of New Chicago A Eastern Illinois Railway company reedy for distribution oa sad after December 27. 1921. Twenty industrials 80.30. off .01. Twenty laQi 74.57. off .88, President f American Car foundry says 1922 should show an improvement in tae equipment basinej. Idel la-f In(r Favroll Hoquiam, Wash.. Dec 21. The payroll for Grays Harbor loggers will this year amount to more than 8750,000, according to estimates made by banker and logging camp operator. The Christmas payroll will exceed $10,000, it is estimated. Three hundred loggers the van guard of the lumberjack -who will celebrate Christmas ia Hoquiam this : year, have arrived in the dty. An additional 900 tare expected Thursday, when the Poison : camps win dose. 1. 1 . .11 t CHRISTMAS CHEER a this time of tlu year we; wish you Christmas cheer, anl we also want to ex press our appreciation 1 of . jro u r patronage -confidence and good-, j vill. r - H0URS8A-M TO 5SOPM S ATU R OAYS-8 AM TO 8 PM. T"ELJj us what you want. r We have it or we will get It tor you. If you have bonds you wish to . sell, we will appraise them for you. If there is any bond you are interested in and desire to purchase- it, we will obtain it for you If 'we believe It Is g-ood. If we don't think it Is, we will tell you so frankly and you can buy It yourself if you don't think we know securi ties. Look out for the "trader. Tho woods are full of WildCats If you want "wild cats," that is your business. We suggest that Mr. Wiseman tells you that what you have is no good, that, you ought to get rid of It, that he will take ity In exchange tor something that is the real thing, you ask yourself what he is going to do with It IX he Is so kind to you. who he ingoing to do the "dirt" to by selling it to him. Do you think he is making a collection or what is his game? Think. This is, indeed, the time for long term investment. Money is be coming very much cheaper, but when seeking a more permanent character of investment be sure that you don't get something so "permanent" that you will never see the' color of your money again. Good bonds offer the most at tractive investment obtainable. If you don't know good bonds, consult some one who ksows. Consistency is a virtue. If you believe we know bonds and our regard for your interest is de pendable, we will be glad to meet you and discuss your in vestment requirements with you. Call, 'psoas or writs Freeman, Smith & CAMP Co. Lumsssmsns Budo PoariajtD head and wu iresume operation ia the near iutare, . - . . FTJK Pert Worth. TW SI Far Kina.ftl. 1!5L. Heaard. Brady and 8a Aageto districts bar tsegnn. Points. oth of Fort Worts sent oat 1 1.0M pelt met week, all of which war bought fro Texa trapper. , ' - TEA . -Kew Tor. TOec JI. Tea dealers are twein. "a o boy for fata re dehvery and price are trong s a result of curtailed Produrtioa and decree ef visible supply. Black tea are the more active. - . t - : PAPER - . Tsaneor. If sine. Tw 11 i. hu.i .v. S. ?ulrt4'riDf lnjr. a terg factor ia the jralnhit pafp indastry. Mated teday that apt October 8 the company had merated at lorn of. over $2,000,000 this year. Sine . be said, bruioeea bad OK-ked en rw th. company was making profit. Most of th tern camma rot jennntac to Inventory value. ' .fSlTTOV Ket, Ohio, Dec. 31. The Maaoa Tire A Robber company i nrepartng an extensive pro gram of operation of cotton mills ia the South. r2'J$JJ?a' n.". Hrtry. i" Ltt,03 Prodaciag 40.000 pounds os eora fsbrie a week. rail River. Ham.. Dec:- 81. Eighy per cent of the spindle of the mn .n. T cording to survey of the cottoe iiwitWe. tbrougnout Uus territory.' -i - . .. COAL, . , ' ! ' ': -Cumberland, ltd,. liar 91 TK. tL-.u tioB Coal cemnany aa reduced Its force l 1ia men. due to lark of demand for big vefav cost. K011 a number ef mines is the tieerge v ana upper i-oumac fieldx. H. Y. CEtiTRAL rvlAY CO jtjjj'j''' ji j" Q j H Wahingto,; bvc. tl. ft K. 1 -Tb New . Tork Centra railroad today asked the inter state commerce ommisaioB for- aaUmrity issue $32,478,880 of its capital stork in pay ment tor stock of the Cleveland. Cincinnati. Chicago A St. Xoois, known as th "Big l our." . which will b offered by tbs holders thereof on -the following basis: - . L 1. Not needing tlS.4T8.88S. par 1. in payment tor urn eommoa capital noes aw Rig Four on the basis of HO share of Hew Tork Central capital stork for 100 ahara of Big Fnar common rapilel stock. M 1.- Not sxeeeding tl0.000.000, par value. . ia payment, par tor par, for ft per cant pre ferred capital stork of the Big Four. At ta same time the New Tork Central aiked the cemmMoo for paroval sad autheri satioa of aoqaisitioa at the capital stock, pre ferred end common, of tb Big Four amoanting to $4T.05100 common lean and $10,000,000 preferred. Tbs applicatioa staled that the New Tork Centra now own ever $80,000,000 of the common stock of the Big Four bat noae of the preferred stock. ted by other cmiwale,. rasusMd opsratiora at reduced wags traits, - ...saKd rurrrs Sao Francise. Iec. tl. The pack of canned traits has been well else nod up ad the broker predict the exhaustion of some varieae before . the new crop move. Investments of Merit r General Obligation Civic Loans 15COME TAX XJdPT State of Oregon Vi . ' . m City of Portland (Ore.) Improvement 6 Ds mi J Wheeler County (Ore.) 6s - ' Has 18 ) Clatsop County (Ore.) 6s : . Dae 1MI" Clatsop County School DUtrict No. 10 6s Das 141 i Polk County School DUtrict No. 66 6s 1IS7 i - Klamath County School DUtrict No. 53 6s Das 1S18-41 Franklin County (Wash.) School DUtrict No. 1 6s sis ms . L City of Grants Pass (Ore.) Ss Dae lttt City of Newberg (Ore.) 6s . Dae 1U1 City of Bandon (Ore.) 6 Das 1I8S-4S City of Klamath Falls (Ore.) 6s Dae ltst.tl Port of Astoria (Ore.) 6s VWt 1S38 TO YIELD 4.70 tO 6 Price asd Details of Any Isso TJaoa Reqiett ' i Wire Orders or Inqulrlet CoUeet Ralph Schneelqch CoiiPaANT MUNICIPAL AND C0RP0RATIDK FINANCD LUMBERMCNS BUILDING FIFTH sZZPIll lllTN. rHOHt " gll k 1 'JgqV S WAT STAaK 2pS ' t7 I I Portland, Oheooh. . I I ... ,' Broadway $218 I We Offer Subject to Prior Sale H I Sate. Matsritj. '' Yield. v llll Pacific Pr. &H. IstUan.... 8 8-1-30 7.20 HI Pacific Gas & Dec. Corp., ' Non-Callabl ........ 6 12-1-41 6.12 H . I Ijl Los Angeles Gas ttc Dec, III ' llll . .Series C. 7 1931 6.20 llll Detroit UnitsJ Rslliirsys . . . . . 8 8-1-22 8.10 H San Joaqaia L. & P. Co. 7 1951 6.70 j Sootlteni Cslifoniia Cm Co.. . 7 1951 6.75 H I Consumers Power Company. 7 1-1-30 7.05 New York- Eduos CemptnT. . 6H, 10-M1 6.00 U llill l DMrk Co fnnm.nvi 9oTnrurro R HI I UUiii V u v r t ill U it vivful v III 1 1 , J) II vNirtB States -national bank suamc till "5 HI jiAirsiCTito , - tot Acim ' ssATTttjl I Bonds for January Investment Government and Municipal Bonds Due Price. State t Oregon Ai's '. . . . . .138-1950 Various Grays Harbor County Sys .1923-1940 Various Eastland County, Texas, 5y2's..... ',1924-1946 Various Gr. Trunk Ry. of Canada Guar, 3s. . Jan. 1, 1962 59.75 Prov. of Saskatchewan o4?s ...... . .Nov. 15, 1946 98.50 Province of Alberta 6's ...... Sept. 1, 1931 100.75 Gt. Tr. Ry. Sask. Guar. 4's......... Jan. 23, 1939 78.75 Proy. of British Columbia 6's. . ..... .Aug. 16, 1926 ' 98.81 Prov. of Saskatchewan 5's. . .Oct. 1, 1925 955 French Cities 6's .Nov. 1, 1934 86.5a i ' Corporation Bonds Portland Gas & Coke Co. 1st 5's.. ...Jan. 1, 1940 87.00 Nev. Cal. Elec Corp. 1st lien 6's, . . .OctM 1950 95.00 Pacific Pr. & Xtv Co. 1st 5's.. .... . .Aug. 1, 1 930 ,90Q American Factors Ltd. 7's ........ . Nov. 15, 1936 - 99.00 Carnation Milk Products Co. 7's. ..'..May 1, 1925 99.50 t. a , ' ? ' i "". - '('""'' i Ask for Our Complete List Approx. Yield. 4.50 5.00 5.75 5.50 5.62 5.90 . 6.00 6.30 r. 6.40 7.65 6.20 68 6.50 7.10 7.15 Seattle San Francisco' Los Angeles New York BlytiiAVitter. Co. Fourth and Stark Streets Pfeone Broadway 643 1