WEDNESDAY, 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