14
THE OREGON DAILY JOURNAL, PORTLAND. OREGON.
THURSDAY. JANUARY 12. 1C22.
POUIDBKS
SELECT OFFICERS SIEEL PREFERRED
9
STEP PREFERRED SHARES AT HIGHEST POINT, SINCE 1919
.
PH BV A M " ' - - - ' M BY
mid i n - - -'
' tRocUwlderw ajtd directors of Portland
. banking InaOtotloM and trust eomptiH
lea vpmUlnf under flat charter, met
today la their annual meetings to elect
director and officer for the ensuing
year.
In only two of the 20 state banks end
treat companies will tbere be anj
chance made In directors, or officers,
To flit the vacancy made through the!
death of R. Lk Sheppard directors of th
Security . 8avtna 4k Trust company,
elected Blaine B. Cole aa trust officer:
Cole hac been aa attorney for the First
National bank for several years.
The State Bank of Portland will hold
Its stockholders' meeting late this aft
ernoon. Since the consolidation of this
bank with the Peoples bank, the officers
and directors of the two Institution
have functioned as a consolidated offl-
cialy staff and board of directors. !
MAKES HIGH
ll - TWA I I CTTJ1717T Of inTATTHWC I! mm ri rnTiniirt
II iinuu utituui vvvintiviiij - 11 1 ft nllf - I I I I'llllrtlv . l
f . ' : . 1 1 H 1 1 U It I ri I IIIIU I pmim.' mmn
i If " ?' jrorntanea By sjverpeca. at jooae vjo. Beard or Trade BnUamg - M Unl 1 1 LLLU I I U 1 1 V
lOOOUsr. CIwjb. i 30 I 30 S 1 SO M t 800i
TUW CHASGE MADE
It Is stated by officials of the banks
that there will be some changes made
la the official staff and In the person
nel of the board of directors at the
meeting this afternoon.
The official staff of the Security Sav-
Ings A Trust company now consists of
G r. Adams, president; A. U Mills.!
H. A. Wyld. Hamilton CorbetU Ed ward!
M. Geary and D. A. Bulmore, vice presi
dents; R. ). Jublts. secretary ; D. C. Upp
and 9. C Warren, secretaries, and Blaine
H. Cole, trust officer. Directors: A. Li
Mills, Joseph Simon. C. P. Adams. J. N.;
Teal, K...A. Wyld and Hamilton Corbett
The Ladd it Tllton bank announces that
.' at Its meeting- of stockholders and direc-t
tors this afternoon no changes will be
made In the bank's directors or official i
staff. The directors of the bank who
will servs for the ensuing year are: W1I-
Ham I Ladd. Kdward Cooklngham,
Isaac D. Hunt, Frederick B. Pratt;
Harold I. Pratt, Cameron Squires and
Kaymond B. Wilcox. The officers are!
William M. Ladd. chairman of the board :
Kdward Cookingham, president ; Isaac
. Hunt. Samuel L Kddy. Robert S
Howard and Charles A. McLean, vice
presidents; Walter M. Cook, cashier j
Cameron Squires. Arthur W. Brookings,
Godfrey C. Blohm. Frank S. Meagher
and Clyde L Phtlllber. assistant cashiers,
SO CHANGE AT HIBKRXIA
The Hlbernla Commercial A Savin
bank will retain the same roster of dl-i
rectors and officers as follows: Direc
tors. John F. Daly, Lansing Stout. C,
B. Bewail. Joseph K. Wiley. Noble Wiley
Jones, Arthur C. Spencer. James T. Barn
. roa and Drake C. O'HMly ; president,
John F. Daly ; vice presldentJ.ansint;
' Stout and Joseph E. Wiley ; vi? presi
dent and cashier. C. B. Bewail : assist
ant cashiers, Fred I. Weber and Charles
V. Oalloway.
The Lumbermen Trast company an
nounca the reelection of Its directors
and officer. Directors, A. H. Averlll. E.
8. Collins. James Danaher Jr.. F. I. Ful
ler, D, C. Ifenny, John A. Keating. Leslie
M. Hcott C. F. Bwlgert, C. F. Wright,
Robert E. Smith and Carl S. Kelty ;
president. Robert E. Smith ; vice presi
dents. C. F. Wrta-nt. Carl a Kelty and'
J. it Lynch ; cashier, Carl Deterlng
trust officer. W. P. Brlggs; treasurer,
Ira T. Walker : assistant cashiers, H. A.
; Freeman and E. E. Patterson.
The directors and officers of the
Broadway bank were reelected for the
ensuing year aa follows: Directors, Otlei
. F. Alkln. J. D. Brown. 1L A. Calef. Will
Ft, Haines. H. H. Haynea. R. R. Knox
Bertha Summir Leach, James M. Mc-
Naughton, Max Sklbhe and H. C. Thomp-i
sonJ president. Will B. Haines; vice
president. H. H. Haynea ; assistant
cashier, R. R. Knox.
fjNo changes were mads In the personnel
fii the directors and officers of the Port-i
. land -Trust company. They remain as
follows: Directora John Twohy, George'
It Kelly. A. D. Charlton. A. S. Nichols,!
fX I Price, Dean Vincent and Emory
' - Olmstead ; president, Emory Olmstead
vice preeident and general manager,
Dean Vincent; vice president. O.
' Price ; , secretary. C. W. DeCraff. as-:
stetant secrets ry. Fred F. Plttock ; trust'
officer, O. H. Charters.
' ALL, AVE RE-ELECTED
The following state chartered bank
ing Institutions announce that at their:
, respective annual stockholders' meeting!
there will be no change made in theiri
directors or officers, the Individual per
sonnel remaining as fotlows: Ashley and!
. .Rumelie; president. C. E. Rumelin : vice
president. R, O. Ashley ; cashier, M. A
M. Ashley. These officers also const!-:
tuts the board of directors.
' Cttlsens bank Directors. Joseph Sup-!
pie.. Joseph Paquat, A. W. Lambert. O.i
M. Clark and N. U. Carpenter ; presidents
. U. Carpenter: vice president. Joseph
Paauet; cashier, E. A. Clark: assistant
cashiers, A. W. Livingston and H. a
Saunders (
Bank of Kenton. Directors. George F,
ITeusner. J. V. Burke. S. W. Herrman,
J. H. Thatcher. W. K. Smith Jr.. J. GJ
Howards, an R. R. Thatcher : president,
Geonre F. Heusner ; vice president. J.
ouraa s raanier. rv il , Thatcner ; assist
, ant cashier, J. Bower.
Bank of East Portland President. II
It Newhall; vice president. L. Newhall s
t aaahler. Rover Newhall ; assistant
casnisrs. ti. . fupfce and S. W. Alt.
1 .1 vast or k State bank President. W. P,
Dickey; vice presidents. T. J. Mahoney!
ana , r. uwirt ; cashier, H. H. Cavtn
assistant cashier, r. C. Clarkson.
- (SfsO Street Journal rimneisl Itepoit.)
New Tort. Jsa. 12 (C. P.) It was an
other d9 dsy aa th New York stock exchange
tnoy. with taa csecstioa of kw of tbe pool
torss. which nrt m hd. Trsdefs made little
pruswisi wttk standard isms one way or the
ether. Steel tusson was firm threachoat the
bat teeie vat TirtusHy se trtdmc
The low priced oOs were firm, bat the ad-
ai tbewi u sfost rain was also doe to
pool oparsUoaa.
The motor stock wvie firm, eat thii U anally
the csra when, the satotsobile ahow b on.
Bails setsd sosMwhat better and term to bsc
toUsa over the break of a. few dars aio. In
fact. Erie eomaooi ahowed a ncovery of over 2
points. Money eontinned -easy. Foreifn Nex
cbsngas were fiarUoosUr bicher.
Tba market -cioaed irrecnlar.
Wall Street Journal Finaneml Beriew
New York. Jan. 12. (D. P.) Ope nine
prica on xbe New York Stock Rzehanse were
little chanced front Wednsadar'a last a notation.
Texas company wa tbe feature in the oil
(reap. At 45 H tbe itock su p . On the
other hand. Mexican Petroleum was off at
109 , but evco at this price It is up S points
iron the weeks low.
Copper stocks held around Wedneadsjr'i dose
or lurntij shore. snsar ftocka were fraction
al! T hicher. Readins wan the leader in rails
end the firH sale was it 78 Vi . up H. There
wss no ehsnse in Steel cnunon at 8SH. Bald
win, which said below 93 thu week, made an
30 30
57l S7
14
esrlT blah at S3.
Three and a half per cent call money was
grsilable for both elaapu. trading and renewing.
Pries in the main held well throughout the
first hour. Any real advance, however, were in
the specialties. Steel common retained s posi
tion above 88 4. Steel preferred oold st 118.
the highest price since 11. Mexican Petro
leum, after its early high st 110, dipped over
s point
Traneri sold International PaDer on a noor
financial statement for 1 1 months ending No
vember 30. 121. While it had not been ex
pected that the company wonld tbow . much for
ivzi aa a remit ol the tnae, nevertheless the
7.879.310 deficit for this period was s sur-priae.
Hales around 1 10 inrlnded Crucible it UK
Atphant til. Mexican Petroleam 108 ft . TJ. S.
Bleel J. Htadebaker BITi.
The turnover for tbe tint three hours was
nesnv szs.nuo tnarea. Uowerer. there was
some good buying of stocks. One of the, .largest
operators in we street started to accumulate
une oi dividend .paring stocks.
The advances in the lint IS minntea
followed by irregular movement. Home of the
railroad atoe were prominent. Lehieh valley
was up over 00 and Union Pacific made nin
of over 1 point, selling at 127. 8ears-Uoe-
buck moved up IS to 04 , - and Endicott
Johnsnn rose nearly 7 point to 79 H . Famous
Players rose 1 to 7 S . General Asphalt and
Mexican Petroleum both showed net losses in the
iMtm lorawaw. tjncioie declined 1 to 01
sod Steel ranged from 83 S to 83.
f OKFIUS GOYEKItMEJtT BONDS
(Varnished by Overbeek eV Cooke Co.)
Bid. A&l
Belgian rent. Ss . . .
do prem. fta . . . .
do 7Ws 1943.
do 8s 1941
do 0s 1023 . . .
Brazil 1941...
British 5s 1922...
do Ss 1922
do Ss 1929
do vxr. 4s,....
do ref. 4s
Bordeaux As 1994.
Canadian Ss 1937.
do Sa 1920
do SVss 1929.
S3
73
105
104 4.
94
103
80
80
83
07
63
83
94
90
97
do St 1931 ... 95
do 5i 1927.
Chilean 8s 1941C
Currency
tienmark 8a 1943 . . . ,
Dsn. Muni. 8s 1945..
rrrnch 4s 1917.
do Ss 19210
do 5s 1931.
92
101
15
197
103
SO
78
04 i
do 7s 1941 94
do 8s 1943.
German W. L. Ss . . .
Berlin 4s
Hamburg 4s .......
do 4 s
Laipsig 4s
do bs
Munich 4s
do Sa
Frankfort 4 s
Italian ft 1918
Jsp 4s 1931
do 1st 4s 1923.
do 2d 4s 192S.
Norway s 1940
Hmuiaa 5s 1921.
do Ss 1920...
do 0s 1919
Swiss S 1929
do 8s 194.0.
XT. K. Ss 1922
do 5t 1929...
do 5s 1937 ...
100T4
4
4
5
5
S
0
s
0
0
32
73
87
80
108
18
4
! ' 90
114
100
! 99
I 97
68
78
105
105
94
104
88
88
69"
04
83
96
90
97
93
94
101
ios"
106
, 51
75
05
95
100
5
5
0
0
0
7
0
8
7
33
73
87
88
109
22
5
19
96
115
100
1 89
97
Chem.
SOO do Dfd.
j lSvOlAJex Rubber
Alaska Juneau
nOOIAiiuvi Chi-m .....i 57
l700IAilM-Chalners 39
juwi ao pia. ..1 ess
SlOOiAm. BeetSusu ... 34
001 Ass. Bosch 35
1 7 00! Am. Can Co 1 33
. ...1 do pfd.
. .-. Ass. Car & Fdy
... do pfd. ....
400 Am. Cot. OU .
". . . . do pfd. . . . .
4OjAm. Iru Syud. . .( 4
BOOIAm. H. a L. 13
1300 do pfd. I 49
. . iad. ice.
1700 Am. Intl. Corp. .. 40
. . . lAsa. Linseed
. . . . I do pfd. . . .
IhOOiAm. Loco. ......1103
200 do pfd. 111
. lAm. Sat. Razor
SSOOfAm. Ship at Com..j 7
OOOSAm. Smelter 44
1. ... 1 do pfd.
SOO'Am. Steel fUv. .. 32
900 Am. Sugar 38
; 200 do pfd. 1 88
200. Am. Sumatra .... 33
MOO., Am. Tel. It Tel.. 116
9001 Am. Tobacco . . .
7001 do "B"
J 100 Am Wool
. . . . . do pfd. .....
.;... Am. W, P pfd. . .
; 200(Am. Zinc
2900, Anaconda
lAsad. OU
1900LAtchuon ...
I do pfd.
SOOi At. Coast Line . . .
HOO.AL. Gulf W. I.
8800, Baldwin Loco. . . .
I do pfd.
l00;Baiio. A Ohio...
300 do pfd.
1700Beth Steel "B"...
'Booth Fish
B. R. T.
200 Butte C. A Z
I 1800 Butte It Sup
! 600Bum Bra.
500 Caddo Oil
200Calif. Packing
2000.Clif. Pet.
I do pfd.
1 1700iCanadisn Pac. ...
j 400'Cen. Leather
'i. . . . Cerro de Pasco . . .
1100 Chandler Motor .-.
' ! SOO.Chi. A N. W
i 100Chgo. Gt. W
' 4001 do pfd.
!5300(Chili Cop
.'( 700!Chino
!l400C. M. St P .
. 2iOO do pfd.
i !(( Coco Cols
5U0 C. & O
Colo. F. & I
: 100 Colo. Southern . . .
1800 CoL Gas & Else. .
123 00 'Columbia Graph. . .
i i 200Con. Gas ,
.!.... Con. Cigars ......
.. . . . IConU. Can ......
., . . . . ICities er. Bankers. .
800,Corn Prod
do pfd ,
S800 Cocden Oil
seooic. k. 1. p
200 do "A" pfd. . ,
200 do "B" pfd. . .
STOOICrucible
do pfd
IS 00 Cuba Cane ......
600 do pfd.
900 Cuban Am. Sugar,
400 DeL St Hudson. ..
14
37
38
88
83
33
32
20
30
37
14
67-
38
89
83
33
82
95
143
(113
111
""7
44
32'
58
88
33
116
133 132
20
41
4
12
69
77
39
30
53
103 104
4
12
59
39
129
80
13
49
94
84 ' '
84
95
' 34
53
56
5
23
115
10
68
43
121
30
'56
62
16
27
18
127
80
1100
Dome Mines
500 DeL Ic Lack
3 800 Division Chem. . .
eoooiEndicott Johnson . .
4800 Erie
1300 do 1st pfd. .
300 do 2d Pfd. . . .
10500!Famous Players...
100 Fed. Mng. a Smelt.
400 do pfd.
K 300Fl9k Tires
T "w. : 1 ' . 1 -
2100jGen. Cigars .
700
3900
Gen. Electric
Gen. Motor . . .
Glen Alden . . .
L3600 Gen. Asphalt ..
Goodrich
Goodyear .....
Grauby
BOO.Great Nor. Ore
lOOOIGreat Nor. pfd.
l00Green Cananea
900Gulf 8. Steel ..
500lHask. Barker ..
2400iHouston Oil
3700
.200
I 600
Hupp Motor ...
Illinois Cent. .
Inspiration
Int. Agr. Corp.,
do pfd. . . .
13
41
94'
'84"
84
93
34
53
36
3
22 Kl
113
10
68
,45
120
30
50
I 62
S
15
16
27
17
3 1 -f 30
43
55
42
55
39 39
67 66
2 1
91 91
"98 '96'
'33" "32
31 31
84 84
72 71
I 62 61
"8 ' 8
17 17
16 16
109 108
21 21
114 113
51 51
79 78
9 8
18 13
9 8
79 78
I 10 10
I 38 38
12 12
71 69
140 138
8 8
S8 '66
81
73
26
47
80
74
12
98
40
31
72
20
47
80
73
11
98
89
111
4
7
44
87
32
58
88
33
116
182
127
80
103
23
13
48
100
94
86
84
84
94
'103
34
53
56
6
6
5
22
115
10
68
45
82
120
30
34
49
62
5
15
16
27
17
30
42
55
24
39
66
1
91
26
46
17
98
111
32
31
84
71
61
82
8
16
16
108
21
113
51
79
9
13
8
78
10
87
11
71
138
8
42
57
35
10
26
81
72
25
47
80
78
12
98
89
7
S3
iinw awsw . . . . . . .
. . .i do pfd, .......
300 IntetPtate Callahaa.
. . . . . lint. Harvester
SOOlax. Merc. Marine,.
64 04) , do pfd.
1900 Int. Nickel .......
500 Int. Paner
6 300: Invincible OU
3 4 00, Island Oil ,
00Jewel Tea
300 K. c. Southern . . .
iK. C. Son. nfd. .
1400 Kellr-Xneflri
3000 Kenoeeott
II OO Keystone Tire
200 Lack Steel
100 Lee Tire
806jLehirh Talks...
low-LorUlard
2 00 j Lowe Theatres.
. . . l. a u ,
Mackay
700 Maryland Oil
900 Mar DerL Store.
15700 Hex. Pet
400jMjsmi
6600Middle SUtat Oil.
S500lMidvale Steel
6000jM. K. It T. Wi. .
1600) do pfd. Wi
lOOjXat. Ensmel
500 (Nevada Can
300jNew Haven
2600Norfolk It W
2500 Nor. Pac. . ......
iNova Scotia. Steel.
IN. Y. Air Brake.
1000JN. Y. Central
lOOfOkla. Prod. ref...
.... lOmario Silver . . . .
200jOntaru. i W
. . , . . Otis Steel
' Pacific Dev
400iPac Gas It Elec. .
800; Pun ta AUsgre
5 000, Pacific Oil
liOOIPan. Amn Pet.
lOOOIPan. Amn Pet.
1700:Penna.
SOOjPeo. Gas . .
SOOiPere Marquette
400Pure Oil
400iPhillips Pete . . .
400 Pierce Arrow . . .
3700iPierce Oil
900'Pjtts. Coal
aoOiPitta. A, West Va
i Pitts. It W. Va. pfd
I Pressed SteeJ Car. J
200;PuHman
500iRay Cons. ' j
1 T ' lW. ' II 1 -
a 1 ..vvjncaomg
1
?
i
68'
12
49
13
2
11
22
36
26
17
43
27
60
..ISO
is
26
1106
110
27
12
29
8
25
83
15
18
97
75
1
1
3
6
81
14
11
47
15
2
11
22
32
36
26
17
45
27
69
150
IS
109
73
25 23
103 104
'
14
31
47
14
2
11
22
83
26
17
45
27
59
150
12
B'
SHORT TERM SECURITIES
Furnished by Clark, Kendall It Co.
Price.
Am. Tel. Tel. Co.. Oct, 1922, 100
am. isl a TeL ss, Feb.. 1924
Am. TeL A TeL 6s. Aug.. 1925 i
Anaconda Cop. 6a. Jan.. 1929 . . ,
Aanaconda Cop. 7s. Jan., 1929. .
Armour Conv. 7s, July, 1930. . .
ttelgun GOT. It, Jan., 1925. . . .
Beth. Steel 7a July. 1922 .
Beth. Steel 7. Julv. 1923..
Canadian 5. April. 1926
Canadian 5s. Oct., 1931. .
Cop. Kxp. Assoc. 8s. Feb.. 1922
cop. Exp. Assoc. 8s. Feb.. 1925....
Cop. Exp. Assoc Ss. Feb.. 1924 ........
Cop. Kxp. Assoc 8s, Feb., 1925 f
Cudahy Packing 7a. Julv 1923:
Jsp. First Ext, 4s, Ktb.. 1925L
Jap. Secwad 4, July. 1925.. . ,
nonuiweatera BeU TeL 7s, April. 1925.
SUndard Oil of New York ca. Jan.. 1931
Swift a Co. Is. Oct.. 1925.... .
V. 8. Rubber 7s, Dee.. 1925.. i.
U. 8. Kubber 7s. Aug.. 1930
Ar. Com.
Adven ....
Ah. Meek.
AJloues. ..
Areandian.
B. Mines.
Bid
8
50
60
22
2
13
101
. .110
. .101
..97
..102
.. 95
..100
. .101
. . 97
..95
. .100
. .101
. .103
. .104
. .100
..87
.. 86
.102
.109
.100"
.100
.105
BOSTON COPPER STOCKS
Bid.
Old CoL. 3
N. Butte. 13
Nipissing. 6
No. Lake 20
O. D. O. 24
Osb'a M. 32
Pond Ck. 14
So. Lake 44
up. Boa. 99
So. Utah 2
Sup. Cp. 2
hattoek.. 8
Trtn. Cp. 8
tran ML 1
l uh On. 1
C.8. Mg. 35
do pfd. 43
rt. Apex 2
Victoria. 1 y
Winona.. 30
Wolver'n. 10
Wyandott 35
Cal It vi. 56
Cal Ic H.266
New Corn 17
Clentenial 9
Cop. Rig. 39
DT. Dly. 6
DJy West.
ri. Butte.
Fx. Min.
i Grsnby . . .
: Island Oil
Keewa'w
Kerr L. .
I SsJle. .
Mich
I Maes. Coo
Mohawk . .
1
10
1
27
2
1
3
1
1
2
54
Ask
9
60
63
23
3
13
57
272
17
10
40
3
11
2
29
2
1
3
2
1
3
55
Ask.
3
13
6
40
25
34
15
40
100
5
8
8
2
1
85
43
35
12 "
SO
SOOiKemington
100 Repogle Steel
300 Republic L It S
Rep. I. f S. pfd. .
Rep. Motors
2100 Royal Dutch Oil. . .
200 fey. Steel Spg .
200 Standard Oil. N. J. .
6800iSesrs Roebuck
2000,!Jhsttuck. Aria
200 Shell T. It T
8400 Sinclair
2000 Stand. Oil, Ind. . .
. Sloss Shef
6400 Sou. Pacific......
2800Sou. Railway
! OOOIStand. Oil Cal. . .
i 400St. L. It S. F
' 300jStromberg Csrb...
1 1100 Studebaker
ISwift & Co
2000Tenn Cop. C. . .
lasoOiTexas OU
,2 000; Texas Pac
; OOOjTex. Pac. C. 4 O. .
150(t!Tob. Products
lOOOjTran Cont. Oil. . .
2000tUnion Oil Del...
1800Union Pac.
:L"nited Alloy
200!TJnitd Drug
2 900 United Food Prod.
luuujintted Fruit....
400;n Roads of N. J.
100 Union B P
4200 V. Retail Stores. .
6000 U. S. Ind. Alcohol
700 U. S. Bub
200 do 1st pfd
C. S. Smelting . . .
4800 U. S. Steel
11001 do pfd
2100 Utah Copper
. . . . . Va. Chem.
100 do pfd.
1000 Vanadium Steel ..
Vivandou
600 Wabash
700 do A pfd.
. do B pfd.
900 Wells-Fargo ....
200 Western Pac
do pfd.
600 Western Union . . .
600 West'house E. It M
West Md.
. 100 White Motors
800 Willys-Overland . . .
do pfd-
400 Wilson Packing . .
100 Woolworth .
Worthington Pump
600 W. st L. E. ......
4600 White Oil
74
2
20
64!
S3 HI
45
50
45
33
bl
20
35
29
14
11
63
24
108
15
74
27
27
52
51
175
64
8
38
20
85
79"
18
95
21
88
82
97
10
45
25.
24 f
an
10
19
127
71
7
123
9
68
52
40
53
99
"83
116
64
'76"
31
' "6
20
is"
15
97
50
"S7
5
29
139
108
2T
11
29
7
25
32
14
13
97
75
73
108
26
11
29
7
25
33
14
13
97
75
23
IH TWO STATES
growth the past year. oaxHaseatary w the se
The esxaoea lor tarn wear
s a
by eate taw otlwsaai f ta haafc. and 1S2
will exceed the wast sear all s-vnd. sf fwesas
tedwettoae assas aartaiac. it is
CEKTRJtLIA
Centralis. Waaa.. Jas
the three CeatraHs saaka
Ta
head their
aasraal
Harter,
a.
w. a. tnwvw. J. r. Tstea. J. Alva M of Wail.
R; A. MUier. W. SL Kalkaer tal (, i. Yoaasj
of Tsngeat. Tbe saartatlisi has 11 1 L a Beaky
trnarta. says at. Wtha.
.eoks ssnnMiia w $443.77 asm a asaal f
ll IS ssswe estate. 1SZ1.
e swr aewa la six
asembee af the
Lj
NEW JNCORPORATIONS j
Wah. Jan. 12. A nasal stoefc-
boiders' meetings and election of officer held by
the four banks of the city Tuesday resorted &
the choice of all old numbers of the beards. The
board of the United State National reelected for
the thirteenth time is composed of J. at. Langv
dorf, president: L, sx. tiidxlea, vice president:
J. 8. G. Laagsdorf, cashier; J. K. Noreiiuu and
Dr. Wiswall. directors. Tbe board of the Wash
ington Exchange bank, reelected, is composed of
Lloyd Dubois, BL R. Bparka, Judge George B.
Simpson. C W. 8 hum way and O. P. ZemJtec.
Officera of the Vsnoosrver National bank, ma
changed by the' election are: A. K. Hannah.
president: H. D. Warren, nee reemdent: C W.
Kyan, not president: Ueorge F. Palmer, cashier ;
E. R. BarnoMs. assistant cashier : Donald Mr-
Masters. P. Hough and F. M. Kettenring; di
teetors. The American 8ecurit bank stork
holders made no changes in the board of direc
tors or -officers. O. Jorcen Olson is mesident;
A. K. Foley, nee president: Henry Crass, vies
president; W. E. Smith, cashier: C F. Olsen.
assistsat cashier: J. H. Coffin. D. E. Hardin.
J. P. Wineberg. V. J. CottereU. M. D. Ha we.
C. F. Wright, E. N. Strong and W. J. Knapp
are on toe ooara 01 airectors.
6
9
2 2
4
20 20
9
7
64 63
33 33
45 45
30 50
44 44
33 33
61 61
19 19
35 35
29 29 I
14 13
10 11 I
63 62
24 24
76 .
63
107 107
14 14
73 74
25 26
27 27
51 51
83
7
31 51
95 95
175 175
63 63
8 8
38 38
19 20
85 85
36
79 79
17 18
84 94
21 21
87 37
81 81
97 97
9 9
44 44
25 25
24 24
3 63
9 10
19 19
126 127
25
. 71 71
! 7 7
122 123
8 9
I 68 68
52 52
39 39
52 62
99 99
34
83 83
116 116
63 62
27
70 67
30 30
6
6 6
20 20
13
72 73
15 15
51
91 91
50 49
8
87 36
5 5
28 29
139 138
43
6 6
8 8
Tbo
H.
B. Kerr,
Farmers and Metehaats saak
reelected
H. Jcmaetoa. and
C- Paul l-hlmasm.
Rhodes. JehsMBw. Keir sad
almana, A. C Greene, w. H.
B. Town, director.
J. E. Fitagerald was reelected
t' Pint Guaranty beak: Albert Satith,
E. R. Fltagerasi. amaeara eaahsrr.
with EffW Fitagerald and Ethel U.
rerlora.
The Centralm Ktaat sank also reelected tat
old officers sad director as follows: A. U.
Dana, president: J. B. Wood, no president:
Baaght. cashier: F. U Braea. sint
eashser. and Mam, Daaa. Wood, Baaght. W.
H. Hackett and 8. B. Daaa. directors.
1
Or.. Jaa. IX. with a view as fai
ta eoassssadty ketaeists of Crabxrea.
Llaa ewaaty. W. PoweB. Praak M.
John A. Sassater haws inisjsia I
i""smwaity soawnatsoo, artirasa of taeerpnrat
tor waara-wwra tssvd with the state
Partaseat here Wedaeaday. The
a rapitanasd at SISSS.
Other anieisa wera tUad
foTiswiaa covpetaxioas:
Tr"!lr? Aaswcistiea of Otwroa. Portlaad
szee.svo: U. M. Lashe. R. a allasry and
PewwB sad
w Cvaaowe
Wsdassilay by the
CeMta 1 Beet.. - ' ,
Too Farrvsrw skspswa esaea of PkOt sw"J .
Oris in. rail . Pw ewasxy: tliet; aa4f
aee. K. H. I itsii sad Casta rvaibssaa
Mayrwt enssmiasw fee to assi MS. PeV
ksadj Ireee; ;..,. U ahor.-i. C KaaMh
aad I. C, Aiasesna.
Da 1 Mas Sieses tewaie lesiaw. Pwrtw4:
a. . .
wsi 1 iass Sa iiaaHaSssUie
saa.eee: ies ix u
aad ADea H. MeOwrtsin.
Ceenfaraass f
filed he ehe TUmssaeh CrojMr 1
of TO s ss 1 ta. ftwss lrS tw 33a.eee;
aad the Gtfl Awt-wirW aeeee Hessians. PwrV
laad. frosa l.eCf as tsb.aea.
A. Onhs. L C ' and Lao
tSrtssad has fued wnb taw
1 fpsesTiiai tee.
mapee
83S.SSS.
1
La Ceaada, Jsau 11 Bu arm I
Janawrr 16 el the eans coart lor I4ee.-
90S as soad eoade. The sad tall far
oat t aaresd 3 t pee eewt aad varsWa
.Mi Ts Si aiimaianss of the wra
I leas aad asatarrtty trvaa Jaaaary la. 1927. e
Jaaresry 13. 1936. I .
KIDGEFIELD
Ridge field. Wssh.. Jan. 12. The annus!
stockholders meeting and election of officers
and directors of the BidgeDeld State bank was
held in the directors' room in the institution
Tuesday afternoon, January 10. The officers
chosen for tbe ensuing year are: Charles H
Greeiy. president, reelected: Herman J. Potter.
rice president, reelected : Hubert Clyde Cornell.
cacbier: Clinton K Rice, n riant cashier, re
elected : Chsrles Hancock, formerly bookkeeper,
assistant cashier, and Ordin Hiim. secretary.
Charles H. Greeiy. Herman J. Poaer, Hubert
Clyde Cornell, John W. Blackburn and Sylvester
Fscning were elected directors. The Ridgefield
State bank, costing about 320.000. waa eon
stmeted during the summer of 1920 as s mod
ern necewity to meet the demands of the ex
pand ng business and is situated on Pioneer ave
nue and Third street. It was formally opened
on January 1. 1921. The institution s la 1
aeslthy condition and has enjoyed a substantial
KELSO
Kelso. Wah. Jan. 12. The Cowtits Taller
bank, which was orgaasatd early this sumnver.
had its first annual meeting of stockholder
last evening. Reports subm'tted ta the stoca
Ucidses shewed a hniinsss coaaideeably in ex
cess of their expectation ia tbt Brut six saoaths
Officers wet elected aa follows: President.
Wallace Huntington; vice preaadrat. C. C Ruhf-
sos: essnier. U M. Cleek: aanl-ttant caahkvr. K.
A. Davis. The directors are Wallace Hantinctoo,
C. A. Tsrler. Albert Leschhardt. J. 8. Kobb. Dr.
11 C. HechoU, William Itotph. H- K. Bkryd.
C. C Rulifsoa gad L. M. Cleek.
MIJ.U.I.M.1 I I I I ll 1 1 1 1 n 11 1 1 1 I II I 1 I I.I.I l.i I11.I.I.1.I.1.I7.I
MOLALLA
MolaBa. Jan. 13. At the annual meeting
of the Clackamas National Farm Laaa
elation " here Tuesday directors elected
George C. Wooster. W. H. Deughertjr. Elmer L.
SawtelL James B. Watson sad George Blstch
fcrd. The directors elected W. H. Dangherty.
president: E. L. Sawteil. rice piesaieut sad
George Blafehford. seeretary-treasnrer. The as
sociation has application on file for loans
amounting to nearly 820.000. The year prosn
es to be s good one if ample fund are ob
tained from the federal land bank.
CORTALLIS
Corvallis. Jan. 12. fltoek holders of the
Hoskins National Farm Loan association, in aa-
BUY NOW
Total sale, bonds. $20,210,000.
Wire orders "colledTt
Morrow
County,
Oregon
Road
Bonds
at 102.40
to yield
Exempt From
Income Tax
Dated Nov. 1, 1919 Due Nov. 1. 1929
TVfORROW COUNTY has
1V1
an
assessed valuation of
$13,356,629, a bonded debt of only
$290,000 (slightly over 2), a
population of over 6000, and an
area about equal to Delaware.
Wheat and wool are its principal
products. Cattle, diversified farm
ing and dairying are growing in
importance as sources of wealth.
Morrow County farmers are 88
American born, thrifty and suc
cessful. Locality spf oU y TBL. 11 HOW WIWrtHK.
LIOAL INVESTMENT FOR SAVINS BANKS AND
TRUST FUNDS IN OREGON, ELIGIBLE TO SECURE
FUBLIO DEPOSITS.
FREEMAN, SMITH fie
CAMP CO.
Lumbcrmcns Blds. Portland
JV
FIFTH jiWi-'N. FMORt
STARK
STANDARD OIL STOCKS
FOREIGN EXCHANGE SATES
Corrected daily by the foreign exchange de
partment of the United Mutes National bank.
Quotations below (except the pound sterling)
tre on tbe baaia of 100 unit foreign currency.
Opening seminal rates oa bank transactions:
. . Preft Cable Par
London Checks. Transfers
i.d. nerung s 1.2: V, s, 4 13
Paris anca. 8.80 8.S1
Herbs Marks .AS JK
4S3H 4.S4
-Ure.
C Darnell end the bank's officers, with:
th eteeptlon of C. C. Clarkson. are the!
direct or a
Oeorra W. Pates and company Presl-;
' dent. Oeonre W. Dates : vice president,
llexry U Raffety : cashier, J. 8. Birrell.
Oeorcl '. Birrell and the officers are
th directors of the bank.
' Bank of el1wood.-Director. I
Aleiartder, Joseph Hume. L. D. Oood
rtch, C A. Slgler and Mrs, U H. Alet-
aaeer; preetaVnt. I. II. Alexander: rice
prealdeTit, Joeeph Hume: cashier. L. D.
(ktodrlck; aatlstant cashier. O. C Hoe-:
klne.
atositaeUU Sarirgrs bank President,
A, C Ruby ; rice presidents. C A. Foster
and Lee Amett : cashier. U O. McCon
telli assristant cashier. William Bunt.'
The bank's directors consist of the of-
ficwrs, William Stanley and Jt A. Lew-la
Multnomah Htate bank Directors,
naory Harkaon. Sherman Htrkeon. Johnj
Otsecw r. R roster and Hug-h a Hark
eott : praaldent, Henry Harkaon ; cashier,
Sbervnan Harkaon.
Ath
Tj i Copennag
4.860
10.80
2S.81
19 30
kroner . .
Cbrmiaaia
Kroner . .
Stork holm
kroner . .
Ucagkong -Currency
.
iapeji Tea
Sbsogbsi
Taeki
4.42
10.00
15 SO
. 34.92
65 80
78 00
4,43
1.9
1.J
24.97
53. TS
47.03
73.80
19.20
.20.70
28.70
56.70
Csoadiaa dollar discount 7 per cent " "
PACIFIC COAST BANK STATEMENT
; (Furnished by Overbeek It Cooke Co.)
! Bid. Asked.
Anglo . . 10 17 H
Cheeaebrough . 180 190
do pfd. 105 110
Kureka 79 81
Galen, e 39 81
tiaiena Old. pro. 104 107
Galena New. pfd. 100 103
lllinoie Pipe 163 106
Indiana Pipe 83 85
Northern Pipe 90 95
Ohio OA 256 260
Penn. Ilex. 16 18
Southern Pipe 75 77
South Penn. Oil 170 180
ft O. California 94
a O. Indiana 85
& O. Kansas 560 570
& O. Kentucky 435 : 445
R. O. New Tork . . i 342 , 345
a O. Ohio 380 380
do pfd. 114 115
R O. New Jersey 175 M
a O. Nebraska 160 170 ,
! e
Saa Francisco Cash Barley
1 Saa Francisea. Jan. 12. (V. P.) Barley
Rpot feed (per cental). 11.25 1.30; shipping.
1.S01.4U. i
ClMriags
Parti awe Banks
This Week.
Monday.. I 5,172. CSS
Monday
CWanaee Tuesday.
Balances Tuesday . .
Cleanses Wed.
hiacea Wed.
Clearings Than. . .
BaJsace Tbars. . .
1.233.255
4.681.077
SIS. 147
5.56.083
1.014.97S
4.847.170
643.49
Clearings ThnrsdV"V.". .".V.
Balance Thursday . . .1
Tear Ags.
S 6.S29.401
1.248.10
6.041.300
705,768
5.808.345
80.218
5.028,605
826.998
t 5.716.449
1.286.413
RAiICHER
IS
CAUGHT
Siy, Jack, t sarr pulled a fool
(ttiftt when 1 earn to Portland tfclj
week.. I came latendinf to to
ri(ht back, but found some busi
ntM licr that would take me t
we It to finish up.j didn't even
wear an. overcokt, as tbe weather
was Warmer out at the ranch, but
I cot caufht In rain and cold aad
every thin else here. Cherry's, at
349 Morrison, saved me this time.
Their pre-lnventory Sale is on, so
I cot this overcoat on credit
Good value, too, ts what I mean,
Jack. Cherry's have the entire
Second Floor at Park and Mor
rlson. "Entrance 349 Morrison,
center of. block. Take elevator.
Adv, ; ...
I Marines Tlsiuvcitor s .. 124.800 000
OsaaaeaefltsJ sO Sail III
Cleartags Thursday .... . . . S.S .168 .400
. Le. A eeas Ban as
CJrariaaa Tbarsday . .... (. . .617.819.161
s y
LIBERTY B05D SALES
IBeported ky Overbeek 4V Cooke Co.)
... Va. High. Ucm. Chne.
r,rZZ- - 70 979 9750 077
:::: :::t ::::
;? ."g Ml 11
""e, -, SISS BSie STT5 OSS
iZtZv isxis :WM' oois,isj
Tsotory, S las.... 10016 16026 10016 10424
" L eey aad Exehaare
-.T" IT 12 (L N. B ) Call ssoorv
- - .-ew sera a tori
Terk 8tock Exehaaee
it: high. S 14 awe eent-
for
today raise at S per
aw. S ser seat, TV
-w i s swr eaac. The aaarket
"STn
r.mi tiTT. ,DO aee s H per
lThi.s?!!ffc!f?C.w.,""i' hasroasa
'. ! ' 4 j
J Jerelfsi Exrhaaea Market
maaas VaassaVi t a 4k e as.
iTVu rZ?. TETl1! .! .
Tbe bat etas7sasier.
Bac. 64.22; franca. .e16
saarka. .0064 j kroaan. J005,
; &nv 4SS
1881 ESSSS 1921
Kffici.BC7
TheHQmeof
, Ideas and Ideals
in Printing
P.W.Baltes
&Company
Printers SSS
StOCka, tVaaslS, Cottoa, GraJa, Etc.
316317 Board of TrsaU Btifldmc
Overbeck&CookeCo.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Mess hers Chieafa Beaxe mt Tra4e
Crress4esU of Leirma A Bryaa
- CkOcare - - - xsw Tsrk -
We own and
offer, subject to
prior sale or advance
in price
$110,000
Morrow County, Or.
Road Bonds
5y2?o
General obligation of county.
Dated Nov. 1, 1919 ?
Denominations $500, $1000
Due Nov. 1, 1929
-Financial Statement-
Assessed Valuation, 1921 $13,356,629
( Actual Valuation , 26,713,258
Bonded debt (this issue only) 290,000
Morrow county, with its area of 2025 square miles, is almost identical in size
as' the state of Delaware. It is essentially an agricultural and livestock coun
try. The 1921 wheat crop totaled more than 2,000,000 bushels and the wool
clip exceeded 2,250,000 pounds. The cattle industry likewise is well developed
and dairying and diversified farming are on the increase.
Out of a total population of 5617 (1920 census) 88 are American born and
of the remainder one-third are French and two-thirds Canadians, Germans and
Scandinavians.
There are 64,93 miles of railroad within the. county, including the main line of
the O.-W. R. & N. and a branch line into Heppner, the county seat. Water
transportation is afforded by the Columbia river.
4 These bonds are issued to forward
permanent road construction and
CONSTITUTE THE COUNTY'S ONLY BONDED DEBT
Income Tax Exempt Legal Investment for Savings Banks in Oregon
Eligible to secure public funds in Oregon
Legality approved by
Teal, Minor and Winfree, Attorneys, Portland, Ore ton
Price 102.40 anti Accrued Interest to Yield 5J
Freeman, Smith & Camp Co.
Lumbermens Trust CoeBank
Ralph Schneeloch Co.
Oregon
We Offer Our Partscipaboa
$130,000
Malheur County,
5V2 ;
Road Bonds
Dated December 1, 1919 Du. SevUll 1923-39
Exempt Frogs All Federal Lncocoe Tax
FINANCIAL STATEMENT
Actual Value, estimated I .$32,000,000
Assessed Valuation, t920 16.218.732
Total Bonded Debt (Including this issue) 260.000
Population 1920 Census 10.907
Malheur County, situated in the Southeastern part of
the State of Orefon, has an area of 9883 4- miles. The
raising of train, alfalfa, and cattle are the chief industries
of the county.
These bonds are a teneral Co-nty oblieation and will
be paid from ad valorem taxes'levied a.ainst all the t liable
property in the County. ,
Price to Yield 5.10 .
BOND DI7AJrrMENT OPEN feSO TO StOO
Saturday SlIO ta 2:00 t
IMm & TILTOH
BANK
Oldest in the Northwest
WAtSHTNGTON
t THIRD
I
cm i v iwiTi' i v i 'i' i t i v i v v i v i 'i' i v i v i r t v i v 1 v i v i v it i ti i j
Yields Which Stand
Favorable Comparison
LOOK over tbe yields afforded by this list of hich character
Canadian Government and Municipal bonds, and carefully con
sider the hlrh returns. These bonds are on hand and ready for im
mediate delivery to you in person or by registered mail.
Prlartval aae I ate rest FayeMe la TSr-m Terk City
er at Office of Harris Breaker CeroraUa
Rate. Maturity. Price, Tleld.
Alberta, Province of 1XJ M X .
Alberta, Province of lfJl 100.00 .
Brltlah Columbia, Province of 1XS H U Xb
British Columbia, Province of 1?2S S J1 a.XS
British Columbia, Province of 1X B.I ISO
British Columbia 4H ltit fl.W .M
British Columbia. . i IfZt tilt .10
tBurnaby, B. C I- 7-M 7 OS
Calfary. 8. No. U 1 a.t ".00
Calaary. 8. D., No. 19 ii 1 7-
Cattrary, aty of 7 Jl loaOO 7.00
Edmonton. City of. 121 tt.l T.0
Edmoiiton. City of 1124 l 00 7-0S
Pdmonton. City of. 1SI ! W ' C7J
Jt'Edmonton. City of lt ft.7l -M
Xethbridsje. City of 1S24 t 7.0s
Medicine Hat 5 1W 10.1 t;s
Mooaejaw. City of i 183a at.U .&
New Westminster ltJ 7JS
tN. Vajjoouver, B. C U32 S0 7.2S
OnUrlo. Province of S lttj M.tl CM
Point Grey. City of. ( l ta.44 7.00
Point Grey. City of S 1 SLH 7.00
Port of Coqultlam, B. C - 7 1X1 100.00 7.00
Prince Geortre ICS t04 7.00
. Prince Georre ISBt 4.0 7.00
Prince Geortre. street Improvement ISO 11.17 7.00
Retina, City of IB SS.S4 T.0S
Rerins, City of 1SCI . ae.oi 7.K)
t"8L BonlfJce. City of s 141 0.11 .7
Selkirk, City of ISO l 2
Vancouver. B. C ,..Vi ltl M.S1 T 05
Vancouver. B. C 4V 1SCJ 7.17 7 0S
Victoria, City of. B. C I ISCa .OT .7
Vlctoriay. City of. B. C 1JM K.- .7
Victoria, City of. B. a SV 1B4 L00 f.U)
Wlnnipet; Water i 1U 7.00
ttWlnnipee; Water e lf 7.4 7.00
tWlnttlpec Water 1W 8J2 7.00
t'Wlnnlpeg; Water , lt4 il.lt 7.00
tSaskatoon. S. D. No. IS C 1M M.71 Crt
Denotea $1000 denomination. tDenotes SSO0. tDenotea $100.
Tetefkeae or Wire Order at Oar Ex pease
Morris Brothers Corporation
XOBJUS Bt 1LDI5G
BKOADWAT Ilil
Fertlaae, Orefea
IW-11 STAKK ITB.EET
BATB DEPOSIT BOXES
Tax Exempt
Municipal
Bonds
We Own and Offers
Rate
PocateHo (Idaho) Improvement... 7
Ephrata (Wash.) Genl Ob. Water 6
Lake County (Oregon) School 6
Cropk County (Oregon) Road.... 6
Douglas County (Oregon) Road.4
Maturity Yield
1925-31 7.00
. 6.00
mi 5.90
5.40
1924 3.10
Western Bond & Mortgage Company
No. 80 Fourth Street
i
Ground Floor Board of Trade Bldg.
f ortlancL, Ore,
TeL Bdwy. S464
5