18
THE OREGON DAILY JOURNAL. PORTLAND. OREGON.
FRIDAY, JANUARY 20. .1922.
FURS MID JEWELS
Titrii mrniiirirrn
Kansas City. Jan. J9. 1. N. B. Two
baadlta held vp Mr. and Mrs. Fnd V.
OrKnth and Hn M. a. Weet In front
or Mrm. twi noma oa Win creelc Boule
vard early today and escaped with
:1 ki Mrtii( apparel. Jewelry and
cash.
, oa ac lii rrorn Mrs. west, they or.
dared her to hand over her 12000 mink
' coal
: Use of Home Goods
To Boost Industry
Uvcror Vitt rtnirornftr
. Qreat Impetus will be riven the Indus
. trtea of the stale at thla time It the
people of Oregon show faith In it prod
uct ty using more of the locally manu
factured articles. In the opinion of Gov
ernor Olcott. ho sent a irfeaaare to the
Portland Federation of Women' Or
r. ganlaaUons Thursday Indorsing plan
". for a home product exhibit in connec
tion with Oregon Industrie week. The
week waa designated by a proclama-
"The purpose of Oregon Industries
week is a highly laudable ope," said
the message. "I am advised that plana
art being laid for bringing the attention
of the people, in every walk of life and
in every possible manner, to not oaly
the benefits, but the necessity of the
widest possible use of Oregon product
among Oregon people themselves.
"By showing faith in these products
through' their use we are developing
home Industrie at a time when such
industries need all the impetus that can
be riven them. Loyalty of home people
to these Industries . will be one of the
biggest factors In their success. The
benefits will come, not only to the In
dustries, but to the people."
Cut on Dodge Cars
May Reach to $150
New York. Jan. 20. The reduction in
Dodge Brothers motor car prices, which
will go Into effect February 1. la expect
ed to be somewhere between $90 and
$150 on the touring model, according to
the Dow-Jonea Financial News Agency
today. The present list price Is $985.
MEETING OK XIBRABT
Th Lombard-Hodge- site advocates
for the proposed University Park library
have called a mass meeting of the re
cently organised University Park Com
munity club and representatives of the
community for 8 o'clock Monday night
at the Portsmouth school fcuiiatng.
More Timel.Given J ;
Motorists Slow;in -.
, Securing Licenses
' Salem, Jan. 10. While this is the last
day of grace for delinquent motorists,
those who have acted in good faith in
an effort to provide their automobile
with a set of the-1922 license plates and
are able to produce evidence of this good
faith need have no' fear of the istrong
arm of the law, according to Sain A.
Kozer, secretary of :tate and nominal
bead of the state'arjteaffic law enforce
ment department. - .
To date slightly more than' 60,000 sets
of license plates have actually been sent
out to owners of motor vehicles. Be
tween 15.000 and.'2S,6M' applications-
some of them filed since January 1
are yet to be filled. Until such time ;
the auto registration, department is able
to dig out from under and clean its desk
of all applications, it will not be prac
tical to start the rigid enforcement of
the law requiring license plates of the
current year on motor vehicles, Kozer
explains. License plates are going out
at the rate of between 1500 and 2000 a
day S3'1 it will probably be February 1
before the traffic officials are notified
arrests are In order.
Wilson Foundation Fund Meeting
. . s g s? at v w. ? Wl...
Aunt Testifies for
"Woman Who Tries to
Break Moore Will
Will It be a celebration?
: Will it be a movement of realisation
f Ha I anlv harri worW w 111 win auorwaa?
Thee are the questions that give un
.naual Interest to a Woodrow Wilson
f Foundation meeting to be held In the
V , aembly room of The Journal building
t I O'clock Saturday afternoon.
. The members of the state executive
Committee, headed by Dr. C. J. Smith.
of the state woman's committee headed
by Mrs. Alexander Thompeon. of the
V ultnomah county committee headed by
Klton Watklna. and other friends of the
movement are among those whose reports
j will show whether this week's expert
V onco and or only begins the Woodrow
Wilson Foundation campaign.
. Renewed attention Is directed to the
blank which, published In The Journal
' daily, makes It easy for friend of Wood
row Wilson and believers In the purpose
.' a the Foundation to subscribe.
Tf fill out the coupon with name and
address, to enclose contribution with It in
an envelope and to mail It to the Lum
bermens Trust company bank. Is but
the work of a moment and saves the?
time required In meeting solicitors of the
campaign.
New subscribers who will receive en
graved certificates enrolling them in the
nationwide movement of preparation for
peace by education of awards to those
who distinctively contribute to the ad
vancement of democracy, liberal thought,
general welfare and peace through Jus
ticeinclude the following:
John William McGrath, C J. Martin.
F. T. Maus, Mrs. F. N. Maus, William
N. Leach of Portland, Ida B. Strum of
Lebanon. William Dale of Estacada, A.
B. Williams, Lenora D. Williams, Helen
A. Williams of Med ford, William Faul
and Mary J. Faul of Hillsboro, FT C.
Mobley of Olex, Albert Barrel of Day
ton. Wash-, and Harvey Q. Starkweather
of Oregon City.
STEEL SHARES BOOM .TOO' MUCH AND BREAK. IN PRICE FORCED
BIG BREAK SHOWN
STE SECURITIES
i r
Xew York. Jan. 20. (TJ. P.) The list on
the New Yorx stock exchange today broke away
from a 20-Damt break in Gun State Steel and
eloaed strong. Tha reaction in iinXi States
cam . without warning aad immediately today
followed a run bp in fan atoek to a new bigb
on the more above 90 which compares with the
low last week of 44, an appreciation of mora
wan 1UO pet cent In market pnee is IV days.
Wbuetna soaar stocks were buoyant tnroosa-
ooi the seanan. United States Steel common was
the real leader of toe market. Oa Deary Dar
ing this stock cot a bore the tush price of 121
and this helped certain independent steel snares
like Beplogie, Bethlehem, Lackawanna aad Cru
cible.
Sugar stocks were helped by an advance In
the pnee of bow mined and raw. Amaru
Snsar common now shows a recovery of more
than 20 points from the low of last faB. Call
money renewed at 5 per cent, which is the hish
renewal rata of this week, although money has
loaned as high as 6 per cent dnrisc the last
few days. Sterknf exchange was sushuy lower.
.WALL STREET QUOTATIONS
Furnished by Over beck Jc Cooks Co. Board oC Trad Building
1 STOCK8 1 High. Lew. j Bid.
WOODROW WILSON FOUNDATION,
Lumbermens Trust Company Bank
Portland, Oregon.
Gentlemen r Inclosed find $ for Woodrow Wilson
roanditloa fond, pieast send certificate of membership to the under
llfned at the followinf addresst
Name
Address
Otj State
Make checks to Woodrow Wilson Foundation, Lumbermens .Trust
Company bank, Broadway and Oak streets, Portland, Oregon.
Mrs. Eva Moore of Portland, when
called to . the witness stand in Circuit
Judge Tarwell's court today, agreed with
witnesses who had gone before her that
Mrs. Greta L. Moore-Thompson was
dressed very shabbily as a child when
she was living with her stepmother, Jes
sie ELrod Moore, and her father, L. K.
Moore, at Moro, Or. Mrs. Thompson is
now taring to break her father's will,
which disinherited her.
Mrs. Moore, who Is Greta's aunt by
marriage, said the girl s clothes were
"plain" at a time when the Moore family
was well-to-do' and when the stepmother
was dressed in the best.
The witness testified that after the
Moores moved to Portland she came to
visit them and f6und Greta in a very
small bedroom that contained nothing
but a cot. bureau and one chair. The
stepmother and father had a sumptuous
bedroom, she said. The feeling between
the stepmother and the girl was not
good, she added. A
Mabel Moore, daughter of Mrs. Eva
Moore, was on the stand Thursday after
noon and tills morning. She testified as
did her mother regarding Greta's
clothes.
Roy Powell, uncle of Greta's, intimated
on the stand that a story that he and
Greta had been over-friendly had origin
ated with the stepmother. He indignant
ly denied the story.
(Wan Street Journal Financial Review)
Sew York, Jan. 20. (TJ. P.) Those who
have been predicting a break in Gulf States
Steel fof several days finally had their prophe
cies made cood today.
After selnnf at 80 oa the exchange, Golf
States broke nearly 80 points to 71. There
were several reaction of 2 points or more be
tween -sales. Bellins became most acute after
the announcement that Henry Ford was not bay-
ins into the company. -
Trading in the first hour was almost entirely
in the steel croup and some of the advances sad
snbaeqnewt declines in others of this croup were
almost as sensational as Gulf Statea
Trading for the first hour was 850,000 shares,
or a dairy rate of 1.750.000.
DmOVmtL, .O-r u.Tinir a t 41 an AVemiffht
gain of over 40 points, broke nearly 8 points to 1 152?J
33 hi I lOO
Thn -u litite chance in the rest of the I 800
fist. Steel common was off hi at 84 , while
Baldwin lost S at .
Bails were firm.
One large holder of Gulf States Steel shares,
who was a steady buyer in the thirties and for
ties did not sell a share of his holdings in the
upturn this week. This man insists there has
been no change in the Gulf States situation and
1200)Adams Express
sWLaavaacw Hum
... . do pfd.
leoOAgr. Chesa. ......
BOO do pfd. .......
1000 Ajex Knbber ....
..... Alaska Gold .....
Akuka-Jaueaa ...
1100 Alied Chem. . . . .
1200 AUis-Chalmen
. . . . . do pfd.
21 00; Am. Beet Sugar. .
O0 Am. Bosch
3900 Am. Can Co.. ...
i0 do pfd.
100 Am. Car A Fdy.:
. . . . . do pfd.
00 Am. Cotton Oil. .
20O do nfd.
OOlAm. Drue Synd. .-. .
1400 Am. Bide & Leather
2300 Do pfd. . H.
4O0Am. lee ....
2700jAm. Inu. Corp
0O Am. Lanseed
200 do pfd.'
2000 Am. Loco. .......
do pfd. .......
100 Am .Sal. Baaor. . .
2400Am. Smelter . . .
100 do pfd.
8300Am. Steel Fdy.. .,
lAm. Sugar
do pfd.
Am. Sumatra ....
lAm. Tel. e. Tel.
Am. Tooacev . . . .
do "B-
1200
8100
100
TOO
4200JAm. Wool...
8500
1100
1100
5TOO
200
21.00
400
2900
20100
2500
600
do Pfd.
do P. nfd...
Am. Zinc ......
Anaconda . . . . .
Oil
Atchison
do pfd.
AO. Gulf. & W.
Baldwin Loco. . .
d pfd
iBalto. A Ohio. . .
do pfd. . . .
Beth. Steel "B"
Booth Kiah . . .
B. B, T
400iButte C. & Z.
8400 Butte ft Sup. .
900Bums Bros. . .
. . . iCaddo 00
44
S2
14
sou
44
38".
84
5
146
22 M
43
S
14
8
S3
41
.1 82
SB
106
4
47
si
83
68
84
117
131
83
25
14
60
102
7
87
80
88
83
81
a
1S
68
42
88
87
83
85
14
21
41
6
18
1
84
Ml
67
106
Sties. rrocxa
1000
2200
100
3300
V;. luMtnM -mAW nn K- nffjwi at uiTWhT 1 10100
f-&f9 UU UUWii.,. - w. - . - OftA
near current levels.
v Savory
ConsoUdated Gas made a new high for the I '"300
Sugar stocks were a -feature around midday,
with American Sugar common above 66. The
advance here was in response to an announce
ment that both National Sugar and American
Sugar had advanced refined sugar to 5 cents.
At today's best American Sugar common shows
a recovery of nearly 20 points from its 1921
low.
Motors were all strong, with Stndebaker above
89, while Chandler made a new high on the
move above 62.
Call money was 5 per cent
Calif. Packing.
Calif. Pet.
do Did.
Canadian Pac.
Cen. Leather
Cerro de Pasco
Chandler Motor . . ,
Chgo. N. W
lOOChi. Gt W
do pfd,
9400Chil Copper
00Chlno
1500jC. M. a 8t P. .
2700 do pfd.
1300 Coca Cola
500 C. 4 O
4700 Colo. F. A I
100 Colo. Southern . .
8300 Col. Gas. & Else.
2200!Co,umba Graph. .
1000
KEW YORK BOND MABKET
(Furnished by Orerbeek & Cooke Co.)
Increase Shown in
Report of Lumber
Mills' . Production
Increasing volume of production In the
lumber mills of Western Oregon and
Western Washington is indicated by the
bulletin of the West Coast Lumber
men's association, for the week ending
January 14. Output for the week at 133
mills participating in the report aggre
gated 75,430,563 feet, or 16 per cent be
low normal. Shipments for the week
totaled 64,353,149 feet and new business
accepted by the mills totaled 63,372,996
feet
Approximately 33 per cent, or 21,132,-
996 feet of the new business was for
water delivery, and of this amount
13,644,199 feet will move coastwise and
intercoastal nd i.488,797 feet in the
export trade. Newbusiness for rail de
livery totaled 1408f cars.
Water shipmeAs for , the week
amounted to 27,063X9 feet, of which 17,-
75,164 feet moved coastwise and In
tercoastal and 9,287,985 feet went over
seas. Rail movement for the week
amounted to 1243' cars. The "unshipped
balance on the books of the mills
amounted to 91.892.522 feet in the domes
tic cargo trade, 96,764.626. feet in export
trade, and in the rail trade totaled
4133 car
Bid.
Atchison Gent 4s 88
BaL & Ohio Gold 4s .. 75
Beth. Steel Kef. 5s 92
Cent Pacific 1st 4s 83
St. Paul GenL 4 s ....... 62
Chicago N. W. GenL 4 83
I.. & N. Uni. 4s 89
New Tork Ry. 5s J. 26
Northern Pac. P. L. 4s 86.
Union Pac 1st 4s 90
TJ. S. Steel 5a 100
Cnion Pac. 1st Kef. 4s...... 85
Southern Pac. Conv. 5a 96
Southern Pac. Cotrr. 4s 91
Pinna. Conv. 4s 96
Penna. Is t4s 86
Ches. ft Ohio Conv. 5s 86
Ore. Short Line 4s 89
Allied Packers 6s 69
Am. Can 7a 94
Cotton Oil 6s. 1924 94
Am. Tobacco 7s. 1922 101
Anaconda 7s. 1929 101
Anglo-Am. Oil 7s, 1925 103
Armour 7s, 1930 . 102
Cudahv Jkg. 7s, 1923 100 H
Gen. Elec. Deb. 5s, 1952 96
Goodrich 7a, 1925 97
Kennecott Cop. 7s, 1930 103
Pac. Gas Elec. 7s. 1925 99
Pac. Fruit Eipr. 7s 100
Sears Roebuck 7s. 1927 105
Oil Cal. 7s, 1931 107
Swift Co. 6s, 1921 99
Wertinghouse 7s, 1931 106 H
West Elec 7s, 1925...' 104
TJOR Saturday's dinner, potatoes au
gratin made with Tillamook
cheese. Use this recipe by Winifred
Stuart Gibbs and "he" will forget his
mother's cooking!
Potatoes au gratin.
Winifred Stuart Oibbs
tVparemcnt Hoa Economics, Columbia Unhrenirr
Portland Ahead of
Seattle in General
Building Activities
Ask.
88
75 H
93
84
62
85
90 i
26
. 86
91
101
86
97
92
97
88
87
90
70
97
94
101
102
104
103
101
96
97
103
102
108
107
100
106
105
Con. Gas
Con. Cigars
do pfd.
Contl. Can
Cities Sre. Bankersi
Corn Prod.
do pfd.
Cosden Oil ...
C. B. L P. .
do "A" pfd.
do "B" pfd
Crucible
do pfd. . . .
Cuba Cane . . .
do pfd. . . .
Cuban Amn. Sugar)
ueL & tiudsan. . . .
Dome Mines ,
Dei Lack
Davison Chem, . . .
Endioott Johnson .
Erie ,
do 1H pfd
do 2d pfd
Famous Players. . .
Fed. Ifin. A Smelt
do pfd.
35
64
61
7
9
6
27
118 .
70
48
86
125
83
84
62
64
17
28
19H
82
44
56
29
40
68
1
94
200
6100
7500
1400
3001
25800
500
11800
11300!
16300
200
'iioo
35001
4300
1000
700
sioo
"soo
1800 Fl Tire
4
i?
32
68
33
117
181
'82
23
13
4
101
97
87
29
96
84
54
59
6S
8
26
115
68
11
88 .
81
88
18
88
44
91
86
87
84
5
146
118
21
42
'
14
68
84
41
3L
(3
106
118
4
47
90
83
7
94
83
117
38
129
1200 Int. Nickel
trow uc rapes ......
60tt Uviaobt Oil ....
6200Ia!and OH
00;K C. -Soother. . . .
34Mjfellr-pstkt .4...
10800 Keanfaou
4400;kraoB Tlra ....
aooOtLack. Steel
SOOOfLea tire ,
1L SOOjLefcigu TaBes ....
20OU N ,
SOO;Mackar . ,
500 Marlaad Oil ,
8oOMwr Storm
2S5O0Mex. PeC
Bnra. Urm. TrtA
oOOiMiami
5000 Middl States Oil.
23300 Midvais Steel ...
7000.M. a.I, "Wr..
iwoo 4o to. "Wi .
170O Mont. iMrwwr
1300 MoaL-Ward . . , .
200 alo. Padfie
800 do nfd.
lOOliLSt P. 8.8.H.
neo .nor. Amn. ,
1100 Nat, Biacvit
SlOOINat. Fnsmsl
SOO i N at. Lead .
1000 Nevada Co.
1500 New Uavan
200Norfolk & W
78
47
8
124
81
84
5
64
17
28
19
31
43
56
28
40
67
1
98
F0REIGK GOTERJTMEJfT BOSDS
(Furnished by Overbeck & Cooke Co. )
Bid.
Belgian rest 5s 67
Beliean prem 5s 74
Belgian 7s, 1945 106
Belgian 8s, 1941
Belgian 6s, 1925 95
Brazil 8s, 1941 104
British 5s. 1922 88
British 5s, 1927 87
British 5 J, 1929 ' 85
British vky. 4s.
British ref is
Bordeaux 6s, 1934
Canadian 5s, 1937
Canadian 5s, 1926. . . .
Canadian 5s, 1929. .
Canadian 5s, 1931 . . .
Canadian 5. 1971..
Chilean 8s. 1941C...
Currency
Denmark 8s, 1945
Dan. Muni Ss, 1945.
French 4s, 1917
French 5s, 1920
French 5s, 1931
French 7s. 1941...
French 8s, 1945
German W. L. 6s. . . .
Berlin 4s
Portland led Seattle in huilding activ
ity during the fiscal year ending Novem
ber 30, according to the annual- report
filed this morning by H. E. Plumirjer,
head of the bnilding , division. In all
classes of construction Portland issued
27 per cent more permits than Seattle
and the valuation of construction ex
ceeded that of the Sound City by 40 per
cent.
Plnmmer points out in his report that
with the exception of 1911 and 1912 the
last year was the most active in the
erection of dwellings.
For this class of construction 2839 per
mits were Issued. The valuation of the
buildings Is $9,853,680.
In all classes 14.032 permits for .srork
valued at $17,004,226 were issued during
the year. This shows a gain of 36 per
cent in number and 39 per cent in val
uation over the proceeding year.
Plummer predicts , that in 19,22 there
win oe less ouiiamg in uie aweiung class
and more in hotels, apartments and
flats. This, ne says, will be due to the
anticipation of the 1925 exposition.
i Hamburg 4s . .
! Hamburg 4s
Lcpsig 4s
Leipsig os
Munich 4s
Munich 5s
Frankfort 4
Italian 5s. 1918
Jap 4s, 1931
Jan 1st 4 s, 1925. .
Jap' 2d 4 s. 1925.
Norway 8s, 1940 . . ..
Russian 5 Vi s, 1 921 .
Russian 5s. 1926.
Bussian 6s. 1919.
Swiss 5s. 1929 97
Swiss 8s, 1940 113
U K. 5s, 1922 100
K. 5s. 1929 100
U. K. 5s, 1937 98
WiVt rbia whir sauce, bv meking
i esUiepoocisruU bunar, rub ia
1 mbleapaonruls Sour, add
H twaepoonvul aslt and few graine cavanna pepper, then Kit
ll cupfula scaldttig sadk tnto bleadcd miatuiw. Chop
it cup Tammook tnssaa fina aad stir, bit bv bit. Into the
hc tmutm, btln careful t mck each spoonful of cheese
before adding saot. Place
4 cups cold boded poearora, diced, ba buttered baking
, , ah. pour the saoca cvwt, and cover wtek
H cup burrered cracker cruTaba. Add a dash of capriVa
aad baaa ia aaodcraoi ovwa until crumbs ara wall broamad.
There' only one gcciuineTlllamook cheese that
stamped with the name "Tillamook" on the rind.
Look for this trade-mark. It's a safe buying guide.
TILLAMOOK COUNTY CREAMERY ASSOCIATION t
U thea as ftfccheaa owned aad operated
S k? TilUaaook da a-rme a
VVASHIXQTOS HATG ROWERS'
ASSOCIATION IXSOLTEIfT
Tskima. Wash.. Jan. 20. The Washinatna
itacmwers assonaoon, a lakima valley eo-
lntive ajwjriarion with more than 400 oaid-
' up members, bas just been declared insolvent
nd a receiver appointed by the superior court.
' The organisation faces liabilities amounting to
- over $35,000. bat $25,000 of this is owed to
j members of the associstion who sold their hay
uirougn me organization ana nave never been
paid.
'The association waa organised in 1920 and
most of its troubles date from the handling r
the crop of that year. J. J. Price, the man
acer, imbwd with the idea that the associa
tion could make and maintain a price, paid all
who delivered bay in the early part of that
year. $21 a too. But the market price dropped
steadily to $15 and finally to $10. Those who
were overpaid have tefused to refund and those
who were never paid are seeking to collect
tatooga a receiver. . -
We ta Till
Ceaar U waW
TtU4mk A
Forelga Exchange Market
Sew Tork. Jan. SO. l'- I'-i Iieaand ster-
tir opeaed tnoay at $4.21 V . off c; franca.
.W&14: lire. .34 1 : marks. -.oo&O.
IVauind sterling dosed at $4.20: francs.
.onus; are. Vk ; maraa, .wU4V W
.200i- . , : - . , - .-
63
64
83
85
97
98
97
94
101
9
107
.106
50
73
63 Vs
95
100
3
4
4
4
4
6
5
6
6
33
73
87
86
109
17
3
17
Ask.
74
78
107
106
95
104
. 89
88
86
69
65
84
86
97
98
98
10
108
107
51
74
64
95
100
5
6
5
5
6
7
6
8
7
34
73
87
86
109
19
4
19
97
113
100
100
98
200lGaston Wm . . .
. . . . t Gen. Cigars
1000(Gen. Elec
235006en. Motor
Glen Alden
14500 Gen. Asphalt . . .
1200 Goodrich
Goodyear
200 Granby
2400)Great Nor. Ore.
700 Great Nor. pfd..
100 Greene Cananea.
50400 Gulf 8. Steel...
SOOiHaak Barker . . .
1000 Houston Oil .
leOOlHupp Motor . . .
nis. Cent.
4 001 Inspiration
Int. Agr. Corp, c
100 do pfd.
1300 Interboro
900 do pfd.
300 Interstate Callahan.
1100 Int. Harv
Int. Mer. Marine.
.1 do pfd.
99
33
32
87
65
84
9
21
21
109
iii
65
82
9
13
82
40
12
144
9
49
60
38
49
98'
33
31
88
59
82
9
19
17
108
iis
53
80
8
13
81
40
12
142
8
48
57
29 29
32 31
73 73
28 28
90 70
83 83
77 73
13 13
"S9 89
,34" 's4"
2 1
5 5
6 6
85 84
14 13
66 65
83
103
25
14
49
102
7
86
SO
97
106
35
53
60
7
8
6
26
17
11
79
47
86
124
32
84
61
64
1
17
28
18
31
43
55
28
39
68
1
93
25
62
50
19
98
111
85
82
88
73
62
81
9
21
19
109
20
113
54
80
8
18
8
81
9
38
12
72
143
8
48
60
37
11
29
32
78
27
71
83
76
13
101
89
7
84
1
5
6
85
4
65
2400
2100
'800
2200
Nor. Pacific
Nova Scotia Steal.
X. T. Air Brake
N. X. Central. .
Oklahoma Prod, ref.
200OnC Sliver. .
COOiOntario W...
1400 Otia Steel
. . . '. 1 Pac Der ......
lOOOiPac Gas ("qk
4500jPunta AllegTa...
9900 1 Pacific Oil
6 2 00 Pan. Amn. Pet..
1600 do B'.
2000i Penna
1600 Peo. Gaa
400Peni Marquette..
4 6 00: Pure Oil .
S3O0;Phillips Pete
5900Pieroa Arrow...
7900Pierce Oti
STOCK
13
15
33
3
38
17
60
28
9
14
73
24
108
1514
27
12
33
8
25
9
14
17
45
si
137
7
1
15
16
98
77
28
400
500
500
200
900
8100
5700
1600
Pitts Coal
Pitts. & West Ta. .
do pfd
Pressed Steel Car.
Pullman . ,
Ray Cons. ......
Reading
Kemington
27400IReplogie Steel..
20500 Rep, LAS. ,
2900) do pfd
Rep. Motors
21001 Royal Dutch Oil.
600Ry. Steel Spg...
lOOOiStandard O. N. J
64008ears Roebuck...
400hauuck. Aria.
100
8 hell T. A T.
Sinclair
Stand. Oil Ind. .
do pfd. .7...
Slosa Shet
Son. Padfie . . .
Son. Ry.
74
3
4
13
66
374
47
58
47
34
70
St
$5
$0
17
10
61
25
78
5
112
14
74
29
41
56
61
98
181
64
8
37
21
13
4b j
14
23
37
38
16
47
28
68
114
76
33
197
13
37
13
1
8
35
7
14
16
43
51
132
36.
14
15
98
76
26
HZ
3
4
SI
13 '
8000
1200
1800U3tanL Oil Cal
1090
1900
44800
900
21400
700
4600
3400
1500
St. U 8. F.
Strom berg Carb
Stndebaker . . .
Swift Co. . .
Tenn. Cop. A Chem
Texas Oil
Texa Pac
Tex. Pac. C. O
Too. Products . .
Trail. ContL Oil
1200L'nkn Oil Dei.
Ibpics
MMtKET
The asawal report at Cora Pi edits aoavany
wiO not be made publie WMil aest atoatk. but
will sanw fcetweea $19 aad SIS a share earned
for rnmmna after all charges aad taxaa.
The" PweUW Gaa aad S3terie wffl call for
rademptsua a May 1 the eatire lavas ef $16.
Ooe.voe par aahse el its flva ytsr T pa eeat
ooaeertiale gold aeaa. da May 1. 1926. Tals
weaa eaaject to call
19 days' aottea.
at 11 aad iateeaat apoa
raitat ntatee federal
174.7 to 7 par eeat, '
rati Jumps from
New Tork raws tram 66 9 to B7.S with cal
tiff.
5
83
45
52
44
84
69
30
35
29
16
61
24
78
63
111
14
T3
28
83
4
60
87
177
63
8
37
20
1200Union Pac.
100 United Alloy .
200iUnited Drue . . . .
1700United Food Prod,
900 United Fruit
100 United Rds. of M. J
500 Union B. & P
18100 United Retail Stored
6000 U. 8. Ind. Alcohol.
8100 U. 8. Rub.
200 do 1st pfd.
U. S. Smelting . .
48400U. 8. Steel
200 ao pfd.
1400:Utah Copper
44
82
18
96
23
41
90
100
10
46
26
26
63
10
19
129
20
70
8
127
8
71
56
43
66
100
800
400
34400
800
1900
2000
700
200
. 800
400
800
5200
100
390
"isoo
4500
500
400
Ta. Chem.
do pfd.
Tanadium Steel . .
Tivandoa .......
Wabash
do A pfd
do B pfd
Wells Fargo ....
Western Pac.....
do Pfd.
Western Union . .
West'h'se E. M.
West Md.
White Motors
Willys-Overland .
do pfd.
Wilson Packing. ..
Wisconsin . Central
Wool worth
Worth. Pump....
W a L I
White Oil
88
117
64
29
69
37
6
6
20
80
16
Willys Overland a ar aaa waa
granted e S25.0w9.w00 baakiag credit ta ode a
over 1zl.
' BOSTOS COPPER SHARES
(Furnished by Overberk A Uooaa Ce.)
Sid. ask. aid.
Art, Com. t
Advent. . 56
Ahmeek.. -Algomah.
20
Allooes
Arcadian S
Bing. Ma. 13
Balak'a. . 6
CaLAVArL' 58
Cal.AHee.277
New Cora JB
Ceatca...
Cop. Bee.. 44
Uavis lHy ,
Dly Wast - 1
E. Battel, fl
Frkm Mb 1
Granby.. 29 -
Haaeock. W
Helvetia. . -2
Indiana, . . 46
Uaad Ck 86
do TXd 90
Keewana. 1
Kerr Lake S
Lake Cop. 3
jaicu. a
Mass. Can. 2
Mobawk6. 57
M. O. Col. 2
75
64
66
.86
S
14
59
280
41
81
17
95
21
40
87
100
9
44
25
24
64
9
19
129
27
70 I
7
123
8
69
55
42
54
100
84
117
63
28
69
34
6
6
19
13
v
13
9
22
87
28
17
49
38
59
IS
114
15. .
34
196
111
37
12
S3
8
ilr I Betfnninc today the salliag rata for prime
?? I baa era' acceptances ta New Tork win be 8
"J Pit eeat instead ef 3 whicn bad bwaa
4
Ka Vm U.1m fK. v w wrn
51 I Mtlinsilhfc, MmuW, nl Wiliw. flnrlnl mnA
133 I become chairmaa of beard f dtreetora Tba
lis aw ef the changes bankers ah are wader-
vmtlna aew WiUra Oewnaad riaaaeiag an ta
19
13
98
7T
38
60
74
2
4
21
13
8
63
37
46
53
47
34
69
20
85
SO
16
1
24
76
63
112
14
73
29
35
66
87
7
51
97
179
63
8
86
20
87
54
43
81
18
96
21
41
89
100
9
45
23
33
64
9
19
129
28
79
7
125
8
71
. ,7 - ,
Whter business
nim nnK DDrniPTm
lUUILUUtM IlLUIUILU
i
IVaa TaL 1
Na. Butts. 13
Ntpeattag.
Na. Lake. 26
0. D. Cop. 35
Oaeota Mg. 34
Obijawa . .
uwcy Mg. 44
Pwad Crk. 14
Isle ReraL 34
18 8a. Lake.. 44
10 )Ha. Bostaa 1
44 U. SMck 37
7 I ao pfd.. 24
. 3 So. Utah. 8
USup. Cop... 3
3 IShanuck. . 8
30 Tna. Cop. 2
2 rraoluane. 71
2 Utah Met
60 ICtah Ooa.
i u. a. aia. a j v
93 do pfd. 44 -
1 rtah Apas 2
3 Ventura . 23
3 Victoria . 1
2 Wkaona . S3
2Wolvenae. 19
57VyandotU 38
3
3
14
4
24
24
35
2
43
15
23
45
1
98
27
3
3
9
8
76
I 16 1
37
45
32
1
45
11
60
PACIFIC COAST BASK STATEMENT
PORTLAND BANKS
1922.
Clearings Monday. .$ 8.703.478
Balances Monday... 1.401.711
lies rings Tuesday. .
ices Tuesday . .
Clearings Wednesday
balances weuaeaday
Clearings Thnrsdty.
Balsnco Thursday.
Clearings Friday. . .
rnday. . .
4,849.336
1.283,018
4.638.064
851.627
4.161,787
535.839
4.079.949
611.149
Yanks
Clearinga Friday- $21200.900
1921.
6.026.1 SO
1.622.793
5.504.953
1.171.341
5.169.901
1.412.942
4.684.447
593.303
4.339.975
733.035
taoetag ahead, and aew. afaer a
year aC dWtr i1ag aad difTacmU tbaaa. the ba-
enwrbil. wawawa aad Aaaaoal werM tt
from the wuat tr:- peraad at
axaiie SUV eer exinraaiTd B thai
tatas the Barta.su, Diget. s rabheatiaa
quarterly by the Ceiled State Natioaal beak. .
dlted by R C Sammoaa. aaHaat eaaaW.
Ia reviewiag tee baaars sad riaaactal aaa
dUfeas from aataaal a wB as a lawal awaaeV
sta, the LHgwai elates la part:
A year ago baueas was the sails .
wat: it was kawwa that aosaethtug waa gatag sa
bappea. Since that time n ha h.naia aad
wUrare aew areaamlatas that ta turn f i ia tba
Jowaward ta tae fotward eoane Las eanery baea -made.
TVs alarm bas bees westaered sad wUe
a booea js muhn m pnanm at at aB baaly.; .
y4 there It a naaoaabl crnaiaty that linn a
win become berarr. eapensQy stier tka auailw ef
:he year abri eropa brgia ta enese ta eaarkrt.
with proaartaeed bwii activity ta tba fak.
U the Basra, taere eriU be a prrmd af Mm
wry ecoanmy. effwaiacy and eaeray. as Si anly -1922
will be a year ef great baieaam aam
ptliuoa. "Coaditioa ia Portland thai kat year have
probably bare better thaa la any ether dig aa ,
the eoaat Berth at Laa Angelas Insofar as
pWimtat of bar populate a eearrraed. aad aa
.awards liuiiaaa. axprawid la teams ge. the year
acuvt'es were good but enprafadeated laveaasry
kaus baring brea ukea by baa aim giasrsny.
operatioa for the year fiaaaciauy wet, af ewarac
aot sstsactory. Howevet. awb pnred etwsaa
were ckared from laulm and are replaced wub
merrhaBdae at the aew krvew, baslarwi aaa fee- - ,
teg in gord ponioa le go ahead aormeily, null t
for the tnrreewd over-bead a typical ef all ;
orersrioa. Ketieatail mm is i -Bocae eiaami w i
out ef PorJand provided' a aubuantml aayvall.
aa on tin for many swrpiMa aad a bruk demsad -for
lomber from off sbar points kept baiei m
up to a fatrty blab WvaL There will be aa aa -proved
lumber market this year, the moeeeaeat
being by weiex to the Oneat. Cahf oruia aad the .
Atlantic eaaboard. The aectioaa at taa amat a
where diversifWd farming a practiced are ia
good eaodtioa. hanks for the moat part beaag ta'
tairty aaty cash pomOona. The great Willamette
valley it always good. 1921 betas aa luwUos.
Tba Cmpqua and Rogue rivet vaArys bad wr
good harvests aad eeaditioas are Iflivm good.
The Ilood Ritwr vallry peudBuad 279 cars af
srplea, bringing fak prices aad menu a praftt
t growrrt. Oragoa east af the Caacadrt was
hard hit due to deprvwaoa af cattle, aheap, waoi, ,
bay. and because of a drop la wheat prices t
bekew the coat of prodartioa. It wD taa av-
vrai yean tot producers ta nay bp taeir urea at -
iBorbtedaeaa, and there eaa be Utile. If aay. aew
buying power ta that errtioa umlM eeota are raud
an-t crops can again be bamaud at a profit.
Tb "blow up" of the Oragoa rjajrymeas" "e
operativ league hat eetioualy afTeeted thai la
duatry, the output of milk for several maatbs
Being aea np. But that Industry will aooa rrrtv .
for k has a regular income every mania."
80
16
51 I 61
8 8
39 88
1 5 5 6
Oatland Banks
Oe rings Friday
Seattle Banks
Clearings Friday
Clearinga Friday .
. .$ 1.846.000
, .3 5.077.97
1.077.683
. .$13,624,196
5 Liberty. 8s. .
48 I Liberty, 1st 4s.
9716 9716 9692
65
100
84
87
117
63
29
69
85
6
6
19
13
80
15
sa
92
51
8
39
. LIBERTY BOXD SAXES
(Reported by Overbeck A Cook Co.)
upen. Mil b. lmw. Ckae.
9696
9750
9720
9770
9734
9784
9742
Liberty. 2d 4s
Liberty, let 4 a. 9780
Liberty. 2d 4 a. 9734
Liberty, 3d 4s. 9792
Liberty. 4th 4 s. 9750
Victory, 4s ...10014 10018 10012 10018
Victory, 8s ..lOOlZ 10018 10012 10016
9790
9740
9792
9760
9750
9732
9784
9736
29
31
148
48
6
9
29
31
144
46
6
9
29
31
23
148
47
6
9
Total sales stocks, 1,156,500 aharas; bonds.
$13,574,000.
A MOST HEALTHY GROWTH
Wenatchee. Wash.. Jan. 20. The healthy
growth of North Central Washington is indicated
by the increase in bank deposits in the yesr
1921. On December 31. 1921. deposita in 16
banks of the 41 in this section totaled $8,271,
194, or $1,849,893 more than on December
31. 1920, when they totaled $6,420,801. This
is an increase of over 25 per cent during the
past year.
Others banks whose state menu are not arail
sble, will show similar gains. The statements
show that in 1920 the banks had large amounts
of bills payable. In 1921 most of these had
been liquidated. The reason is that in 1920
farmers and business men were, many of them,
nnable to take up their notes when due. The
banks had to borrow money to carry them. In
1921 these notes were paid to a much greater
extent
Nine hanks that included statement of bills
payable and rediscounts in- the data submitted
to the Daily World had bills due. on December
31, 1920, amounting to sso.eil. The same
nine banks had only $84,427 of bills due on
December 31, 1921.
Returns from 23 of the banks in Chelan.
Okanogan, Douglas and Grant counties show
that total deposita were $9,328,433 on De
cember 31. 1951. In September, 1921, the
derjoaits of 13 others were $2,118:083. making
a total for the 34 of $11,4.44,516. The other
seven banks would bring the total to ever $12,-000,000.
im at this place last Saturday. Tba directors
Mectea were: Lroy It. wsiker, Tliomaa locum.
A K. Sparkv Miss Ruth Dillon and H. C.
Stephens. The officers are: President, H. C
Stephens: vice, president, Thomas. Tocum;
tnhier. Both Dillon.
SPOKAXE FBCIT GROWERS
3 ASSOCIATION ISSOLTEST
Spokane. Wash.. Jan. 20. Judge 2. B. Linda-
ley appointed J. A. McMillan of G re nacres re
ceiver for the Spokane Fruit Growers assort a-
tion yesterday, whea complaint was made that
the concern, la imolvent and that the company,
with $250,000 in assets, must have a receiver ta
protect creditors. Officials of the company had
agreed on a receiver and Donovan aad Great
explained fa Judge I ind airy that ttswas aeosi
sary to have soma oa take charge. C. i.
Webb, assistant manager of th company, pre
sented an answer admitting the insolvency. The
receivership was asked by J. M. Pringle. a
grower of Otis Orchards. He alleged that he
had consigned his crop tc the company and that
they were insolvent.
MAXDAED OIL STOCKS
Fumitlied by Overbeck A Cooke Co.
Anglo
Cheeerbrtttgh a . .
do pfd. ....
Eareks
Galena, c
do old Pfd . . .
do new ptd- .
M hoots Pu . . . .
lodssaa Pit . . .
Northern ftp .
Ohio Oil
Pean. Mex.
Southern Pipe
South Penn. Oil
S. O. Calif
8. O. Ind
8. O. Kansas. . .
8 O. KenUn-ky . .
8. N. X. T . . . .
8. O. Ohio
do pfd.
8 O. N. J
8 O. Nebraska . .
Bid Ask.
17 18
175 III
lo lie
Ml B3
40 4;
1 01 197
loo tag
16M 173
ao a:
9$ 96
268 272
16 19
82 M
lt 196 .
94 .....
t7
6S 6t
4X5 446
so set
33 39a
114 116
179.
143 176
NORTHWESTERN
"MUNICIPALS"
We Own and Offer
FOREIGTf EXCHANGE RATES
Corrected daily by the f oreigu exchange de
partment of the United State National bank.
-quotations Deiow texcept tne pouna stemngy
are quoted on the basis of 100 units foreign currency.
Opening nominal rates on bank transactions:-
London
Draft Cable
London Checks. Transfers.
Lbs. sterline.$ 4.21 $ 4.21V
Paris Francs.. 8.13 , 8.14
.50 50
4.35 4.35
Bond Purchase Authorized
Olympia, Wash., Jan. 20. Purchase of
$500,000 worth of bonds for the veterans' com-
persation fund from the general' fund was aa-
tborixed yesterday by the stats board of finance
to Clifford L. Babcock. state treasurer. This
transfer brings the total of the veteaans' eom
iprrjation fund to date to $12,500,000. Another
$1,000,000. according to Treasurer Babcock.
will be required to settle all bonus rlsims
Karnopp Is President
n : , . r I n vn w.w ,
lo'Sn I viDe bekl iU annual stock holders' meeting this
Par
Tame.
Berlin Marks
Genoa Lire. ,
Athens
Drachmas .
Copenhagen-
Kroner . . .
Christian ia
Kroner . . .
Stockholm
Kroner
Uonskong
Currency
Jsoan Yen .
Shanghai
Taels
19.30
23.81
19.30
4.42
20.05
15.67
. .. 24.93
55.00
47.45
74.70
4.4$
20.10
15.72
25.00
55.75
47.60
75.00
19.30
26.70
26.70
26.70
Canadian dollar discount 7 per cent.
p Waffo Cut tor Sneweer Worker
Boston, Jan. 20 L X. S.) Wage eats
for worker ia the Utah smeitera of the Amcri
caB Smelting A Refining company. United States
Smelting and Mining A Refining nsmpaBy and the
Interuatioaa Smeuiag coBarasy. were announced
tnday. 'Kedactiens. as effective the first a
tint week, are 66 cents a day - for workers rr-
t ivirinc 3.7,S or BMtr a dirt and 4ft cvnta for
workers receiring ma tsaa tnat ameunt.
i Lrhaaea Caaaerr Opera tiar
' lliehaaoa.- Jan. 20. WKh a smill force' of
empioyea, the cannery is operating this wk,
tins work being for the most part being labeling.
Tk eaaaery anpecta ta apea m the spring wna
a i full loree oi laborara. Tna building Jg ta
svlaadid eonditioa, - - -
SHORT TERM SECURITIES
(Furnished by Clark, Kendall A Co 1
Price.
Am. Tel A Tel 6a, October. 1922.... 100
Am. Tel. A Tel. 6a. February. 1924 . 101
Am. Tel. A Tel. 6s, August. 1923. .. . 119
Anaconda Cop. 6s, Jaauary, 1929 101
Anaconda Cop, 7s, January. 1929.... 98
Armour Conv. 7s. July. 1920 102
Behtian Gov. 6a, January. 1923 95
Beth. Steel 7s. July. 1922. 100
Brth. Steel 7s. July, 1923.1; 101
I'.nadmu Sa, April. 1936 97
raaidiaa 5a. Ocsober, 1931 93
Cop. Exp. Assoc 8s. February. 1922.. 10O
Cop. Kxp. Assoc 8s, February,' 1923 102
Cop. Exp. Assoc. Ss, February. 1924.. 102
Cop. Kip. Assoc. 8a. Fepraary. 1925... 194
Cudahy Packing 7s. July, 1923 196
Jap. First Ext. 4, Febnarr. 19:5. . 87
Jap. Second 4a, July, 1925 84
Southwestern Bell TeL 7a, April, 1925 191
Standard Oil of N. Y. 7a, Jaauary, 1931 119
Swift A Co. 7a, October. 1925 191
TJ. & Bnbber 7s. llerember. 1 923 . . . . 101
C. & Rubber 7s. August. 1930. . i . 105
week and elected tha following officers: Presi
dent, John U. Karaopp of Portland; vice presi
dent. A. J. Noble; cashier. W. O. Hall; assist
ant cashier. Boy W. Holtbergr directors. J. I-
Ksraopp. W. O. Han. A. . MoBle. J. M.
Rlliott and Lake M. Bechten. With the excep
tion of Mr. Karnopp, all of the officer are
local men.
NEW INCORPORATIONS
Salem. Or.. Jan. 20. F. S. Carpenter. C F.
Carpenter and R. T. Wetteland of Medford have
filed with tba state corporation department here
article of incorporation for the Rogua Barer
Poultry Farm, earn tallied at 820.000.
Othe roorporabons fihag articles Thursday
!Ta Develop iawed-Off Lands
ChefcaKs. Wash., Jaa; 20 R. II. Patterson
of Seattle, connected with the Locgedoft Land
Tteveiopmeni. company of Seattle, waa ta Cba
haaa: this week ca badness ia coanecxioa with
the. eantoanv. Mr PatLeraw stated that the
first arnt ef loggedoft land to be cleared will
amount ta about 1006 aeTea Bear Sequiaa. a
part f 6009 acres owned there. - Tha project
is canting a gnat deal of interest her was there
are aa many, acrea af kiggedufl laada ia this
seetiou whica caa ha dcveiopeA. .. ,
Jartaon-Btsrfaoff, Inc. rorOand, $100,000;
Carl H. Jackson. J. . Fred Biachoff and William
a. Laytan.
Wittenberg com Dairy. Portland. $150,000
Mary Alice Wittenberg, Ralph 8. Wittenberg
and Mason Wittenberg.
The Busy Corner Motor company af Medford
has filed a certificate snowing a decrease hi eapt
UhzarioB from $50,000 to $30,000.
A certificate died by the Orecoa Xoveltx
company of Portland shows aa increase' in -cai-
fauawo inia i.pvv i lf,uw.
Estacada Bask K lectin
Estacada. Or.. Jan. 20. 9tockhoMen of
the Estacada Stata bank held their aimnal meet-
Stocks ISKia, Cotton. Gnia. Etc.
316-317 Board of Trad SmOdimg
DIRECT PRIVATE
TOALLEXCHAN
- - Heal Vers Ckleag-a Beard of Trade
Carresaeadeau ! Log-a Bryu
rVIRES
GES
LONG-TERM
OREGON COUNTY
BONDS
We offer
$38,000
CROOK COUNTY,
OREGON,
ROAD BONDS
At prices, iaeeardlag- ta taa
tarttT, jleldler
5.25
i
These 6 wold bonds mature
serially in each of the years
1934 to 1S39 inclusive. At the
above yield they afford an
unusually attractive opportu
nity for eonaervatlve. lona;
term Inreatmeat, Income tax
exempt.
Clreaiar ea rea.aest
Tillamook Couaty, OtSob 5 Vs.
'Tillamook County, Oreaoa.. Sft,
TUlainook Couaty, Oreroa 5 4,
Tillamook County, Orwfon . 5 H ,
Tillamook County, Oragoa 5 Vi ,
Whatcom Couaty, Waahtnrton 6,
. Wkatcota Couaty, Waahinwtoo 6,
Whatcom Couaty, Waahtnrton 6,
Wallowa Couaty, Oragoa SH,
Wallowa County, Oragoa 5 V4,
Lincoln Couaty, Oragoa 1 6,
Washoa Couaty, NeTada 6,
Enbarpriaa, Oregoa 5,
Peninsula Drataag District No. 1 . .6,
Silver Laka Irrtg. District, Oragoa 6,
Slid Irrigation District, Oregoa 6,
Portland, Or., Caa 5M,
Portland, Or., ImproTocooat 6,
1932, to yield 5.00
1933, to yield 5.00
1934, to yield 5.00
1935, to yield 5.00
1936, to yield 5.00
1924, to yield 5.25
1927. to yield 5.25
1928, to yiold 5.25
1933, to yield 5.00
1934, to yield 5.00
1930, to yield 5.10
1932, to yield -5.30
1935, to yield 5.75
1932, to yield 6.00
Various, to yield 6.S0
Various, to yield 6.50
1930, to yield 4.85
1931, to yield 5.00
G. E. MILLER & COMPANY
PORTLAND SEATTLE
Nortkwoatera Bank tUdg.
2d Floor Main 4195
33
Chicago .
St York
rifrhBrwJ Stark Sti
Approximately 6 of the com
pany's capital stock, representing
an investment of flfi25fl00, are
owned by Armour and Swift interests.
$1,000,000
10 Yeaiy 6, First Mortgage
Gold Bonds
Ft. Worth jjTocK Yards
Company.
Dated Mar. 1. 1922
Due Mar. 1, 1932
This issue Is to retire the remainint 1900,000 of f 1.200,000 bond
issue. This new issae will represent Its only landed debt. Its
total assets are M.S2t,046. The yards hsre s dally capacity of
-70,000 head of livestock. VLast year 2968 carlo ad of stock
went throutn the yards. -
LUMBEISMMS .
1" ' - -Broadway st Oak