THE ; OREGON DAILY JOURNAL, PORTLAND. OREGON.
TUESDAY. JANUARY 24. . 1522.
COOfffY ATTORNEYS
TO DISCUSS VAY TO
HALT LIQUOR SALES
DOVINVW MOVE
.Eradication of bootleffcr and moon
shlnare will ba ooa of tha principal aub
facta tor alscuaalon when tha district
attorrtsrt of Oregon mast In tho court
booM Thursxlar ana Friday for their
annual ceavtntlon.
sncldsntally, oa Saturday, while the
liatrlct at tor nay a ar atll In Portland,
a msatlng of atata law onfordns offl
clala will ft called to plan for a atata
wtda . laraatlsaUoa of tha ftlcb coat of
living-, especially la the matter of food.
Prohibition will alao come up at thla
" The Saturday con fsreoce haa ben
railed by Attorney General L H. Van
Winkle t the requeat of United 8U.Ua
Attorney General Dauiherty.
The tflatrlct attorneya will meet in
PUtrlct Attorney M y era' of flea at 10
a.-m. Thursday. A banquet will be held
at the Multnomah hotel Thuraday night
at which the following will be guaats:
Jostles Burnett, Kand. Harrla and Mc
Court; Governor Olcott. Mayor Baker,
Attorney General Van Winkle and Mult
nomah county circuit Judge.
During tho araalona the Inaanity de
fmee now common. In murder triala will
be dlacuaaed by Dr. W. T. .Williamson,
alienist.. A law on the subject probably
will be drafted.
The divorce evil will be argued and
District Attorney Myers today aald he
expt'ted to frame a atatute preventing
' dtaaruntled ouuylea from going to coun
. t Wa other than the oitea In which they
live In atarvh of an easy way out of
matrimony.
The following have said they would
.attend: John U Roote. St. Helena; Ed
Wright. I -a Orande ; I O. Lewelling.
'Albany; W. 8. Levena, Baker; C. C.
Itrawer. Klamath Falls ; W. O. Trill.
. omII; William O. lUle, University of
Oreaon law school ; R. Justin, Miller.
university school; Llvy St I pp. Oregon
nty: T. II. Ooyne, Tillamook; J. N.
lU-lgeraon, lMaa, and Willard II. Wirts.
- Prlnavllle. .
a -
TWO COM.AITH CHARGING
' M ABCOTIl' VIOLATION FILED
' Two complaints charging violation of
th Harrison narcotic law were sworn
hi this morning by Assistant United
Ifataa Attorney Float! before United
ttatea CarnmlMltnrr Kraser. Ole Smith.
. tilaa Walter Smith, was charged with
1th having 17 packages of morphine
, fa cocaine In hla potwensioii when the
fUicm arrested him at I'arkiand ailnan
ureeta Sunday evening on a charge of
tlgrancy. William F. lleckenberg was
lharged with having two packages of
I rues concealed In his shirt collar. lie
aaa arrested by police detectives at
Second and Salmon streets in company
with Joae Lauterellc, as an alleged vagrant.
Will Btraet Journal Financial Review
Xsw Tort. Jaa. Si- Tea -arkat elsssd to
nga r. Sugar atoeka aa a faatorad the aaikct
today, iMBoodiac to another advance in the
pries of the ia lw aw oditv. Cuba wars rd
l-H f a eanC The refined narket haa alao
bows eonrttorabU taprovsuiaDt of lata. Manila
lad thla gronp with a sain of aboat 8 point
aod at it baat pries thia stock sbowed aa ad
vance of 27 point from the 1921 low.
In fact the whole hit cava a better account
of Itself than ea Monday. E n steel stock
fii nd up with (teal common recovering about a
point. inu Btataa Steal.
REACTIONARY TONE IN SECURITIES AT NEW YORK OPENING
STEEL SHARES IN
WALL STREET QUOTATIONS
Furnished by Overbeds Cooke Co, Board of Trade Building
Bales, t ' STOCKS-
hich haa been the
tar ptrfo aer aauns use todependent steals
for the last two weak, bat bad a recovery
and at its beat price waa up IS points from
the low of afondaj. The best prices of the
day in the Industrial Hit ware nude during the
last boar. Call money, after renewiac at 8,
tot down to 4 lata In the season.
4tMAau aUpre at . .
. .advance Boat ...
. . ' do pfd. . .
500 Afr. Cheat. ...
ti'OO Ajax Knbber ... .
4liUilub Gold ...
2T00 Alaska J a Dean .
5800Ailied -Cbem. ..
2100 ait42lmen
..... do old. . . . .
4 00 ! Am. Beet Bogar ..
8 00 i Am. Beach ......
14400 Ana. Can Co, ....
do pfd.,
200 Am. Car A Fdj.
..... do pfd. .......
..... Am. . Cot. Oil ....
. . . . . do pfd. .......
800 Am. Dros Synd. . .
800 Ant. Hide A L.
700 do pfd.
200 Am. lee.
2000iAm. Intl. Corp. . .
J High. I Low. I BkL
Wall Street Journal Financial Review.
Hew Tort, Jan. 24. (C. P.) Steel, with
the exeeptioa of Gulf Btates. were somewhat
heavy at the openinc of Uia New York Stock
Kx chance today. Steel common opened at 85 H,
vtatch was the low of Monday and 2 pointa be
low laat week's bast. Gnlf BUtex opened at 71,
and within a few minutes sold at 72.
The robber ah arm wan fins, lost ss they had
been at the pre vkrai session, with C. S. Rubber
np it it. Equipments were hiaher, with
all early sales of Baldwin above 07.
Stndebaker wai np H at 88 oa the first sale,
bat quickly lost sll this gain.
Chandler made aa early low at 59 i . Cop
pr.ra wera fractionally hither. Rails showed a
m mewhet imnroved tone.
After early beariBeai. the list nrmed np. witn
mv end bobi enecialtiea leedmc the UDtnrn
l rw fttiram batlerv maae a new man on uie
move at 142. bp 6 to net. Philadelphia advices
n ttaai a eneeial committee of directors has been
appointed to report on a plan of capital readjust
ment of the Electric Storage Battery company.
Steels became active at advancing prices and
Steel comm. at 88 H was up a fall point from
the onenina. Gall States Steel toKJ U TI
m 4 U net. The advance in thia stood was in
reepoojw to the Dow Jones story showing order
and inanities mnninc np to one or two carload
luta are mora pientilful in the steel market.
800 Am. Linseed
1400)Am. Loco. ...
.... I do pfd. ....
TOOIAm. Saf. Rasor
li00 ! Am. Ship A Com.
0OOAm. Smelter .
800 do pfd. . . .
1100 Am. Steel FUy
bOOOIAm. Sugar ..
. . '. . I . do pfd. . . .
ClOOiAm. Sumatra i .
200Am. Tei. TeL...117H
82 Vi
14 !
.
H
58 V
ii
87
84 H
148
evi
13
ei
85
41
81
107 is
4
0
47
00
82 Vs
68
83 H
1001 Am. Tobacco
4 OO i Am. Tobacco "B"
S500Am- Wool
1 do pfd.
2100lAm. W. P. pfd. .
. . . . . (Am. Zinc ......
4100Anaconda
l iAasd. OU
1400Atcbiaon
900 do pfd.
lOOiAU. Coant Line ..
700Ad. Golf A W. L
3200jBaldwia Loco. ..
I do pfd. ..
1500i Blt. Ohio .. .
300 do pfd.
SOOOiBeth. iteel "B".
Hooth Fih. .. . .
eoOiB. R. T
6O0 Butte C. A Z. . .
43oO,BuUe A Sap.
131
128
eS'
'eo"
'97
8
87
80
07
'34
54 Vk
60 k
100
Bums Bras.
Crisis in Sugar
Industry Calls for
Government Aid
WuMnrtAn Jan. 24 (V. P.) The cabinet
today gaa eriou consideration to the crisi" m
tho sngar Indujtry. It wa learned at the White
ilrnae. Sugar uperta have ben called into cim
lultstion wiJi government official in an effort
to deride upon a program of Joint action by
the United .Stat ajid Cuba which woald save
the sugar tndiwtry in both countries from a
threatened disaster.
It wa learned that General Crowder, who
r turned from nba lt week, laid tht situa
tion before Prewleot Harding with an anient
at.neal for prompt action. Awurences have been
n-ceired bv the admmwtration that the Cuban
government will cooperate with the United State
is a Joint program.
Althonah the exact Doltcy has not been fixed
ll will involve a limitation of Cuba sugar export
1 1 the United State probably umler an export
lieenx nytem a!nlHi., by tuba. The question ot
d'ontins the a eriran tariff to meet the sit
uation from thia end still under consideration.
.ICaddo Oil
900jl'si. Packing ..
lOOlCsJL Pet.
200 do pfd.
K00 Canadian Pac .
2300Cen. leather ..
trro de. Pasco
3400t'hanaler Motor
1300;Clii. A N-W.
1001
100
7300
800
700
1100)
Cbgo. GU W.
do pfd
Chili Cop....
Chino
C. M. St. P..
do pfd . . . .
3400Coro Cola. .
20010. A O
Oolo. F. A I..
100'Cota. Southern
600
2A00
1600
'00
1300
14400
10
28 H
1174
70
47
86
124
32
52
Jl
34
82
13
57
43
0
35
8
86
6
146
115
20
42
13
60
84 Va
41
31
106
113
4
47
00
31
66
3
82
117
131
128
83
104
28 H
131
49
100
07
80
87
20
06
10S
34 I 34
54 I 54
68 I 5
7
9 0
I
26 28
115;110
ll
52
32
13
7
48
35
35
35
145
6
13
50
84
30
31
106
4
8
47
00
31
66
32"
117
131
128
83
25
49
97
86
87
2'9
96
Sales. STOCKS I Hith. Low.
2000, Int. Nickel . .
ZSOOiInt. Paper . .
i do pfd. . . ...
3700'lnviDoble Oil . .
lOOiJeweU Tea
800 K. C Soothera .
1 0O do pfd.
OOOIEdlv-SpcTid. . . .
6800Kenneeoa .....
OOOKsystono Tire ..
1100 Lack Steel ....
500 Lae Tire ......
1100 Lehigh TaOsr . .
100 LoriUard
100 Lowe Theatres
800 L. A N.. ......
lOOOiMariaad Oil ...
4000Martia A Parry
S00 May Stores ... .
6200iMex. Pet.
OOOiMiami
170
6300
400
100
600
400
500
400
1
4300
500
Xiddls States O0 ,
Si-vale Steel ..
St. K. A T. VTi. .
do Wi .
Mont. Power ...
Mont. Ward ...
Mo. Pac
do pfd. . .
M. SL P. A S. S.
Nor. Am. . .
iXat. Biscuit . . .
Nat. Enamel . .
(1- Gas A Klec.
Columbia Graph
Con. Gas
Cons. (linn. . .
do pfd
ConU. Can ....
Cities Svc. Bakerk.l
TbaClMA ON TRIAL FOR
HrXOSD TIM K FOR Ml RDF. B
Tor Choncr, charted with the murder
f Wong? Uew. went on trial Monday
afternoon before a Jury In Circuit Judge
Rtspleton's court The Jury disagreed
In tho first trial.
Henry K MrOlnn. former circuit
judae. will be special pronecutor and
court followers look for legal pyrote-lt-wlca
when hm and John Collier, for the
defensa, clash In final argument. Iep
aty Ptatrlct Attorney Mowry la direct
lrt the proaecutlon for the state.
Toy Choti( la Alleged to bo a Suey
Fing gunman.
Reduction Is Shown
In Reserve Notes
'Corn Prod . ,
do pfd j
lOOOjCosden Oil
lOOOjC. K. I. A P.. . .
2001 do "A" pfd
200 do B" pfd
3100Crucible . .
2001 do pfd
BS00 Cuba Cane
7300 do pfd
600 Cuban Amn. Sueur
TOO lieL A Hudso. . n. .
800 Home Mk
100 lieL A lack
700 lhtvison Chem
2000 Kndicott Johnson. . .
100 Krie
I do pfd
OOOiElectric Ft try.
60
64
6
16
18
28
18
31
44
66
39
65
1
91
'2- '
52
101
69
47
86
124
32
. I.
69
63
6
15
17
28
18
31
43
55
39
68
1
91
'ss' '
51
9ff
69
47
86
124
33
34
59
63
6
15
17
27-i
18
31
43S
66 .
26
30
68
1
91
28
5S
51
19
100
112
34 I 34 34
31 I 31 i 31 :
86 I 86
73 I TJ
ISOOINat. Lead
zuOi.Kevada Con.
2700;New Haven
200!Norfolk A W
2c00INor. Pac.
300 (Neva Scotia Steel
1300 X. T. Air Brake .
300N. T. Central ...
eoOlOkla. Prod, ref . . .
Ontario Silver
400, Ontario W
500 Otis Steel
Pacific Dev
100, Pac. Gu A Else.
4800iPunta AUegre
2700jPacific Oil
1300jPan Am. Pet. . .
700i do 'B"
oOOPenna.
1700People's Gas
400Pere Marquette . .
1100 Pure OU
200 Phillips Pet
1600 Pierce Arrow . . .
200 Pierce Oil
200 Pitta. Coal
.... Pitts. A W. Va. .
P. Steel Car
1400PnUman
800Ray Cons
32001Keading
1500;Kemington
4000Replogle Steel . . .
ISOOIRepublic LAS..
12
50;
15
12
22
54
37
29
17
48
28
59
148
13
113
25
32
106
113
27
12
82
8
25
69
14
16
45
58
86
00
13
15
99
77
26
58
74
2
-2l""
12
65
38
46
52
47
34
70
20
33
30
16
10
60
do pfd.
Rep. Motors
Royal Dutch Oil. .
Ry. Steel Spg
Stand. Oil N. J . .
l00Sears Roebock .. .
200Shattuck. Aria. . ,
.... iSlieU T. A T
6S00iSinclair
Mand. Oil Ind . .
Sloss Shef
Sou. Pacitic
ISou. Ry.
100
500
400
600
200
1:900
80ft
ITS'
49
ii
12
22
64
7
29
16
47
88
88
148
13
111
24
30
106 1
111
27
12
31
8
23
68
14
16
43
62
69
13;
13;
99
77
26
58
73
2
'26
11
65
36
46
01
46
34
69
20
35
29
13
9
60
SOU
I
E
13O0 Stand.
400
St, L.
8000
' 166
JAR MARTY ftl'FK. TO RF.COTKR
! OK Fl"RCH ASK OF OLD ACTO
Jo llarty. legless man who sells pa
prs at Broadway and Washington
street, filed suit in circuit court Mon
tT afternoon against the Appenton
fVtor" Car company for $1330, charging
Utat tho company sold him an old and
rrtted car. telling faint It waa new.
The purchase, price waa 11813 and he
elalrna tho car waa not worth more
tlmn !00.
rftfCLAR RrftTACRAHT FU.F.S
. rr.TlTIO" 1 BAJHRCPTCT
Tho Topular, a restaurant at 125 First
street, filed a petition In tho federal
bankruptcy court thla morning asking
t ba relieved from pay merit of $13,
4JJ.ll liabllltlea. Tho petlUonera are
Ivar Akerstrom, John Krlckson and Os
car Ttilm. The assets are $1039.17. The
unsecured creditors are Ashley A Hume-
lie, bankers, and tho State Bank of
1-ortland.
loo
300
5100
4 on
07OO
HOOlGoodrich
Aggregate reduction -ot f 64,100,000 of fed
eral reserve notes in circulation, in conjunc
tion with a decline of 865.500.0OO in the
hntrtincs of disc ounted snd purchssrd billH and
an WM-rraM ot SR.nnii.ouo in total aenosu. sre
indinsled in tli federal re rve ooara s weesiy
h..b . t.n.nt iaauH St th elose of bllAinett
January 18. 1922. Gold re-rve snow a gain -.r
toe the week ot S3.1UU.OOU. wmie oiner rve
rwah. romprased largely of silver eertifiratee and
Cnitcd Suta notaa. Increased by Sl.iuu.uuu.
Government denosiU show an tnrrease tor me
week of 862.400,600. Member reserve de-
n.it show a nrarticallv col responding reduc
tion of 361.700,000. while other drpoxits. com
posed largely of non-members' clearing accounts
and cashier' check, show a gain of $7,300,000.
Famous Players . . .
Fed. Min. A Smelt.
Fisk Tire
(ia-tton VVms.
Gen. tigara . .
Gen. Kler. ......
Jen. Motor
Ucri A kirn
lien. Asphalt
61
81
10
24
20
108
U3
65
80
8
144
80
58
81
104
23
19
107
113
3
79
8
137
78 Vi
?F.W TORI BOND
(Furnished by Overbeck A
MARKET
Cooke Co.)
TILL BRItGH lit FINE
flam Oalluccl. lir Meade atreet, waa
fmed $500 by District Judge Bell Mon
day for baying a atlll and 75 gallona of
moonshine In hi houno when deputy
rrtwrlffa raided It. Mlllnl Tapulind. who
Fad moonnhina but no eull at 567 Front
btraot, waa fined $175. ,
Atrhumn Gen. 4 ,
Ral. A Ohio i'-old 4
Beth. Steel Kef. 6a.
Cent. Pacific 1st 4
St. Paul On. 4
Chicago N. W. Gen. 4. . .
I j. A N. Cot 4
New lork Ry. 6s
Northern Pac. P. L. 4. . .
fnion Pac 1st 4s
C. S. Steel 5s
fnion Pac- 1st Ref. 4. . .
Hou'-aern Ie. Conv. 5s. . .
Southern Pac. Conv. 4. . .
Penna Conv. 4 s
Penna. t 4s
Chea. A Ohio Conv. 5. . .
Ore. 8hort line 4s
Allied Packers 6
Am. Can 7
Aa. Cotton Oil 6 1924..
Am. Tobacco 7s 1922. . .
AnslAm. Oil 7 1925.
Armour 7s 1930
Cnrishv Pack. 7s 1923...
Can. P.lec. Deb. 6 1952.
Goodrich 7s 192n
Kennecott Cop. 7s 1930.
Pac. Fntit Bxpr. 7s
Stan. Oil Cal T 1931.
Westinghouse 7a 1931..
Waat kUec. 7 1926...
Rid. Auk.
88 8S
78 79
02 93
83 84
61 61
84 85
89 90
26 -T
85 86
t 1
100 Ti 101
86 86
96 97
8K 88
03 ' 16
86 88
86 86
89 90
80 69
94 97
04 94
102 102
103 104
102 103
)O0 101
97 98
97 97
103 103
103 108
98 98
106 107
107 107
105 105
. Granby
400'tireat Nor. Ore.
1500;reat Nor. pfd.
Greene Cananea
2400!Gulf 8. Steel. .
400!Hask Barker . .
8 00 1 Houston Oil . .
ll'OOHupp Motor ..
1(0 IlLi. Cent.
5 00 j Inspiration ....
100 InU Axr. Corp.
I do pfd.
S400;lnterboro
1100 do pfd
200Intcrstate Callahan
"OOiInt Harv
1 do pfd.
.r00;int- Merc. Marine.
4TUV do pfd.
c.
12
76' '
143
8
45
58
37
32
73
77
84
75
13
101
40
8
2
7
8
83
14
66
12
7fl' '
143
8
45
57
37
81
73
70
83
75
13
100
40
8
' '2
7
6
83
'l4
I 64
86
73
61
81
10
23
19
108
21
113
54
79
8
13
143
78
9
12
69
143
8
45
58
37
11
30
31
73
27
T5
84
75
13
101
40
8
34
2
7
5
83
100
14
65
Oil
Cal.
S.
600 Strombert Carb. . . I
9300 Stndeoaker
ISwift A Co
1 OO Twin. Cop. & Chem
4900ITexaa Oil
3500 Texaa Pac
20WTex. Pacific C. A .
800iTob. Products
23O0Tran. ContL Oil. . .
400Cnion Oil Del
900jl'nion Pac
300 United ADoj
ll'nited Krug
200(rnited Food Prod.
700,1 mted Fruit
United Rds. of N. J.
Union B. A P
I ni. Retail Stores.
U. S. Ind. Alcohol.
U. S. Rub ...
do pfd.
8. Smelting .
U. S. Steel
do nfd.
1200Utah Copper
a. Chem.
do pfd. ........
11400Vaa. Steel
lrandou .. . ... ..
Wabarh
A pfd.
B pfd.
Wells Fargo ..4..
Western Pac .. . . .
do pf d. ........
Western Union .. . .
Weat'ghse K. A M
west Md.
White Motors .. .
Willys-Overland . .
do pfd.
lOOIWilson Packing ..
V uconsui CenL . .
Woolworth
Worth'gton Pomp.
W. A L. B.
White Oil
Money
113
15
74
31
33
55
7
50
96
178
62
8
'26' '
iii
81
18
93
40
88
" io' '
45
26
24
64
10
19
129
27
100
5800
2000
700
100
300U,
13UU0
:oo
500
600
100
100
100
800
100
500
80Oj
800
TSTff
49
80
14
12
22
54
87
29
16
48
27
8
146
IS
112
25
31
106
112
27
12
31
8
23
60
14
16
4
64
53
130
36
1 89
13
13
99
77
26
58
73
2
3
21
11
8
65
38
46
51
46
34
69
20
33
29
15
9
60
24
64
112
15
73
29
S3
54
86
7
50
96
177
62
N
37
19
86
41
81 i
17
94 K
-1
39
88
9'J
HI
44!
26
24
63
10
1
128
27
71
7 V
127
8
70
54
42
5.-.
100 V4
34
85
116
63
28
I 68
35 I 33 i 35
PRICES STEADY
Bteel Col Km taeassd eperatioas sad the West
Pwnawjrvaaia Steel C. at Biwcaearksae Is ess aa-
tag at attewx aa par eeatt M capacity.
. . RON-FERKOCS MR ALB " '
New Terk, iaa. 24. nattaasa asa adwaaosd
to $105 aa oaaoa. a jvm el 827 aa tarn ta
the last six weeks. The tiiinn la supply ris
smignad aa the causa of the advance, 1 f
: -, - ' i .- , GLASS - ' ' . "
' Breekenridge. Pa.. Jaa. 34. Glaas plaata at
Tarantnas sad Bracaaaridae are est practically
normal kas Casl
sheet par-4 el taaebvuy. The Brattie Broth
er Mill cisss say pies, was tale Is
of a toae sad aha sawmill of ta
fWd Xmm bar eapany was forced ta
cwttiae last Weaasaday ea aamaat as
k It e amiofd aswtssj Moaday aosa
Iuss skst 11 marts 1 asiiin T" x
of th atrattks Bmkm' MU1 aaaay pUaa.
tana aatagiee sad eadar atdiac. ta abowt aOO.wOO
a day and eaxpioys sbeat 30 ant The Ridre
field Last aw nawpeay'a mOl eats ss st ae.OOO
raas ec Wale a day and avvaa wilnrmint as
srtitet. has Vc l kww l'aaa'kukf'!
128
70
55
43
55
100
36
86
4
29
111
15
72
30
31
54
"V"
50
96
178
,8..!
19l
41!
81
17
94
21
39
81
" io' "
44
25
24
64
10
19
128
ST
"7
127
" 70 ' '
54
42
55
100
36
85
63
29
New Orleans. Jan. 24. Orders for southern
pine reached tneir lowest point in yean the laat
in I Wine m her, nwa aava meTaaaea ov er
cent siBca then. Farther incre asea are expectad
as snoa sa freight rates are reduced. Prices are
steady sad producer predict a racoid year.
UNSEED
New Terk. Jaa. 24. Cruabe are somewhat 1
mors bullish ta their ideas ot the linseed ou
situation, and shading of prices haa sensibly
diminish ed .with some crushers unwilling to sell
st present figs a beyond March.
MILLINERY
Chicago. Jaa. 24. Many jobbers, wholesalers
and manufacture ra. declare that the principal
demand from retail millinery store i for hats
which will retail at from (3 to sr. BO. Soma
manufacturers, however, declare the $10 bat w
the best seller.
TEA
New Tot. Jan. 24. Prices art being weB
maintained in the tea markets here in the-spot
positions due to the high cost ot replaceana
in primary market.
FISH
New Terk. Jan. 24. There is sa improved
rVmanri for santines of both the Maine and Cali
fornia varietiea. and an increase ia price i fore
cast by some dealers. It ia estimated that leas
than 400.000 case remain in the hand of
Maine packers to care for the trade anal the new
psck gets under wsy April 13.
FURNITURE
Snnrw. Mich.. Jan. 24. Manufacturers of
curtain rods and draperies sre enlarging their
plants here and the Kisch Manufacturing Co.
leader in that line, is building a new 3100.000
plant. The WUhelm Fum:lure company ia erect
ing a aew $75,000 unit.
FRUIT
San Francisco. Jsn. 24. The dried fruit
market is firm, with prices trending upward for
choice stock. Prunes are strong at higher prices,
and the demand is good.
HIDES AND LEATHER
Chicago, Jan. 24. The hide market is good
xni leather is in demand. Higher price for kip
and calf skins are anticipated. Kip skins are
Ftllins ud to 16 cents and light calf at $1.30
per piece. Country 4udes are not pleuutul snd
trc strongly held.
New York. Jan. 24. In comparison with nor
mal, trading in bides here is almost at a stand
till, yet prices are firm and likely to remain so
until the sunply increases. Hides are accumulst
ins in the River Plate markets.
. AUTOMOBILF.S
Kalamazoo, Mich.. Jan. 24. Tbe National
Mac Core Motors company has received two or
ders totalling $7,000,000. which will keep the
plant busy for several months.
CANDY
New Orleans. La.. Jan. 24. One of the lead
inc candy manufacturers here has reduced prices
0 per cent on his most popular brands, bringing
the?e products to pre-war levels.
STKEL
Chicago, Jan. 24. Memners of the city Conn
or who investigated the murucipally-owned city
nrair shops, which cost $2,700,000. and which
nrw have been closed, estimate that repairs to
city equipment done there cost nearly three time
what the work could have been done for In pri
vately owned establishments.
IMUsburE. Pa.. Jan. 24. Industrial condi
tuns in the Allegheny valley are nearer normal
than at any time since 1920. The Allegheny
1 operating on part scaadass. -
UK I tJOOLSS
New Terk, Jaa. 24. Jobbers bare dselare that
awn twtars orders for waafc asods have baea
nlsead for next snrina than ever before, aad they
expect a very saeossafal, apriaa sad sswwar bast-
aess ta those Ham
CHEMICALS
Washing,. Jaa. 24. ttstrfbatiaa ef
arid aa aa exploaive for ass ea farms la blaatlaa
steaans and rocks m am U nader war.- Taw ans-
tris tioa ef that aaes so vernaaent war ssstenal
being dans under sapemskoa el the dssaxtsssat
01 agncaitara.
FOB.EIOS GOTERJfMEXT B05D3
(rarakbed by Overbeck A Cooke Co.)
Belgian Bast, as
Beisiaa Ft a. 8s
Belgian 71a. 1943 .
Helgiaa 8a. 1941 ....
Beiaa 6s. 1923
Brasu as. 1925 (new)
Hnttab 6s, 122 ...
Brltiah 6a. 1927 ...
British s. 129 ...
British vky. 4a
British est. 4s
Bordeaux . 1934 .
Canadian as. 1937 ..
Canadian 5. 1926 ..
Cnsadiaa 6. 1929
Canadian 6a. 1931 ..
Canadian 6. 1927
Chinaae 6
Chilean ea. 1941C .
Currency
Denmark 8s. 1945 .
Dsn. Muni. 6a. 1945
French 4. 1917 ...
Crrnch 6a. 1920 ...
French 5a 1931 .. .
French 7, 1941 .
French 8s. 1946 .. .
Oman W. L. 6s .. .
Merlin 4s
Hamburg 4
Hamburg 4 s
I.eipsig 4s ......
Iinsib 6s
Munich 4s
Munich 6s
Frankfort 4 s
Italian 6. 1918 ...
Jsp. 4s. 1931
Jsp. 1st 4 , 1926
Jap. 2d 4s. 1926
Norway 8. 1940 .. .
Russian 5. 1921 .
Russian 5a. 1926 ,
Ruasian 6s. 1919
Swiss 5s. 1929 .. .
Swiss 8s. 1940
Kan Pavlo 8s
U. K. 6s. 1922 ..
U. K. 6t. 1922 ..
U. K. 3s. 1937 ..
Bid. Asked.
76 78
7 70
17 107
106 106
93 96
104 104
6 sawi
86 67
84 85
67 69
64 66
83 as
98 96
97 97
97 97 H
97 97
96 . 97
44 43
101 101
9 11
107 10S
106 106
49 61
72 73
62 66
93 93
100 100
3 3
4 6
4
4 6
6 6
6 7
6 6
6 7
6
83 34
78 73
87 87
86 8T
109 100
19 21
4
19 21
97 97
118 I1IM
102 102
100 100
100 100
98 98
RIDGEFIEI.TI LUMBER MILLS
COMMENCE OPERATION
Ri dire field. Wash.. Jaa 24. Both plants
here nf the Brattie Brothers' Mill company and
RirlsefieM Lnmber company on Lake river re
sumed operations Monday with fall crew after
To Eedeem Copper
Export Gold Notes
' ' Meaey aad Exchange
Xew Tork. Jaa. 3i.-(l B. S.) Call esoaey
Kew Tork stork ascaana
tbe tlsor of
today roJed at 6 n
par erat.
Were 4 Or 4 . rmr smi T nra
tor - prima ti entile Mnr m . CaJi
rv sa Lsadia todaa S a u
una raeaaate was eras, at e4.ZJ ft
Ore hard Iasaarter at White Balataa
WhMa Balaaaw. Wash.. Jaa. 34. A. B. Mllai
beee secarsd bv 1ml arehanHua 1
m a orchard tsspector. aad It is expeeted that
tbe.eoastaat sap.rvist.a give by aha will
nam ii asasnt ta the oai haul, at
Of talsrs as a tars aemses af
Fort-ad la the gas sen-meat by
Expert aw a-Asts-ay lae- af tbe
tT.aoa.ooa af the tso.ooa.aaa
setd la Faaraa . 1921. - TV
per eewt satsrast. are ss be
18. 1922. at 101 aa
A Caatp
tbs Cr r
aassa wakrk bsar
rsliiaiil rsbrea
I iaMM. Teas ta
br Fvi a si. Sadta
baaaers af lr
isaA
Aeeaediat to
CVsa. the tallest
after Vwbraery
18. Hit s-a-d be
by the aa
aa tbe aeaes cal wOl
13. 1922. aad aA
Casmoas das Fwbrwary
This is ewe ef tbe saaay laeeatas af tws
towenag m antaiwst rasas, aeraraing ts
Mdta a uas e aaaag. aa ssai 1 nj wtta
taadtag a set saa aa t aa a w-
el .'art sa eau ta a a saiaar Una pay luga
ww urn easaans a wasr as.
-SOUNDSBOWDS
m. Lr sZJZ.-t
6
20
79
54"
92
61
38
6
32
46
'"8
3
6 I
.0
79
64 '
92
60
88
6
32
46
8
4
6
6
19
12
79
15
63
91
60
8
38
5
28
32
24
145
46
6
8
4
Issued Under the Seed of Oregon
TPllESE ARE BONDS prepared under Oregon
statutes to develop Oregou, to insure capital and
protect tbe investor.
T
Slide Irrigation District 6s
(Malheur County, Ore.)
To Yield Any Maturi'y
General Obligation Municipal Bonds
Federal Income Tax Exempt
has
Total sales of stock for the day were 527,300
shares with bond sales going to $13,654,000.
- Ex. div. 1 per cent.
I1JJ19 DAMAGE) ASIF.D
Minnie K. Pawaon tiled suit In circuit
court Monday aaklng $15,350 damages
from W. T. Wright, who waa driver ot
a car that knocked tho plaintiff and her
car Into a telephone polo at Broadway
ajid WlUiama avenue, January 1.
" tonn vr. coofeb dies
toron, Masa., Jan. !. U. P.) John
Xf. Cowper, ono ot the little rroup that
founded the American Federation of
Labor, died hero today.
y , s
rOKTLAHD BASK OFFICIAL
i . ITErTED IS HAMPA BASK
w-im. Msho. Jaa 94. C, C Ott. vine
as lawwt af the SI Irst M.Uoaal Sank ef Portland.
was a vWuw la Nsmtw Haturday. conferring with
. tw Krts I sad ef fleers of the Stark ens Na-
tHaaI bank, la whsrh be sad some ef bis
. eiaiaa kav parsoaal in taunt. He w
hw4 h J. I. sVkani on. who will be
a lahvd with the wfncial stall ot tbe SSockaMas
eUoaal Seal aa eaahsn .
BOSTOX COPPF.E SHARES
( Reported bl Overbeck A Cooke Co.)
ma.
Aria Cora. 9
Adventure 50
Ahmeek. . 61
Algomaa.
AUones.. 32
Arcadian. 3
Buig.Mns. 13
Bala kalla
CaLAAris. 68
Cal.AHer.278
New Care 18
Centennial 11
Cop. K . 44
DavkOaJry 8
DalyVTeat- 3
R. Untie . 1 1
Frana-Mng. 1
Hancock. 2
Helvetia..
Indiana . . 50
UL Creek 96
da oca. wo
Kaewanaw 1
Kerr lake a
laks Cop. 3
La Sails. 1
Mlchiraa. 2
UasaCon, 2
r
L1BKBTT BOND SALES
Reported by Overbeck Cook Co.
Ooa Hiah. Low. fines
Hbeety. $.... 9642 $66$ 9634 9660
lOwny. let 4s 9730
I itwrtr. Sd 4 9700
i ikenr. it 4. 9TS0 area 9734 9700
ltMty, S4 4s. 70 0714 9710
I thirty. 3d 4a. 9773 9T76 9768 9768
1 Ibarty. fta 4 s. 9780 9780 9710 9724
Mrtnry. 4S.... 10014 10016 10013 10011
ktory. 9.,. .10013 19013
Ask.
9
7S
as
60
32
a
14
4
R9
280
19
44
8
s
12
O
2
SH
73
87
92
1
SH
3
3
2
3
Bid. Ask.
M. O. Col. 2 3
Ma. Valley 1 1
N. Butte. 13 13
(Nipissing. 6 6
lake., an
rT. D. Cop. 25 26
rOseolaUa. 34 35
Obijawa... 2 1-16 2
IQain. Mng. 44 46
PondC-reek 14
Isle Koyal SS
Slake.. 44
Snp. Boston l
Cn.S.Mch.
do pfd .
iSnp. Or . .
lahattnck. .
Tnn. Cop. .
IToolamme
Vt Metal,
t'tata Oea. .
C.S.afing.
do pfd. .
fUtah Apex
Ventara. .
IWinona. .
Wolvarine
lYVyaadott.
38
26
2
8
14a
27
45
1
88
27
8
9
Russian Soviet Bank
Is Formed; Transfer
Facilities Afforded
The Russ lan Socialist federal soviet republic
has formed a government bank with a capita of
2,000.000,000,000 rubles, according to informa
tion received by the foreign department of the
State bank of Portland. Transfer of money can
now be made through the Knasian bask to 66 of
the principal cities in that country.
Payment orders win call for United States
dollars or for Gesjnan marks which will be
transmitted to Moscow where payment in soviet
rubles , will be made within two days snd in
Petroerrad within seven daya after receipt, snd
in other places a little later according to the
distance, according to the information received
by the bank.
The exchange of the dollars or German marks
into the soviet ruble will be made by the Rus
sian State bank st Moscow, st the official buy
ing rate of the day. Orders which do not
reach destination for want of the exact address
or because beneficiary cannot be located, will
be returned in the original currency less postage
charges. The official rates approved by the
Russian commissiouer of finances on September
26. which nntil further notice win be taken by
the . international accounts section as a basis
for exchange operation with foreign currency sad
coin is ss follows:
Soviet Rubles.
Pound sterKns 231.000
United States doQsr 62,400
German mark 600
Stock Mftgggr
Hoover snrumncea there will be- no reduction
tioa in freight rates on coal before April 1,
when a coal year ends.
Gross earnings of federal serve bank de
clined from $5,000,000 s month in 1920 to
$1,000,000 eetunsted for January.
Poland gives several American firms 810.000.-
000 contract for farm equipment to be paid
for in six years 8 " Polish treasury notes. .
Twenty industrial off .24.
Twenty rails 75.50. off J8,
United Fruit for 1921 is expected to show
sbout $17 s share oa increased capitalization
after all charges and taxes snd the company
has something like $20,600,000 in cash and
government securitiee.
Mother Lode Coal has repaid to the Kenne
eott Cc per company the loan of $1,000,000
made in 1919 for the development of its prop
erties. The former now has no indebtedness
bat current hills.
STATE APPROVED. The State Irrigation Commission
inspected this District and approved this Bond issue.
STATE CERTIFICATION. The Secretary of State has in
dorsed each bond, legalizing them as state approved
investments for Savings Banks, Insurance Companies and
Trust Funds.
STATE INVESTMENT AND MORAL RESPONSIBILITY. The
State has contracted to advance interest on these bonds for
2i years pending full development of the district under
irrigation and may, under the law, advance interest for 5
years. This will make the State investment in this district
equal to 15 or 30 of the entire bond issue. Havint
approved these bonds as legal investments, the State ha
assumed moral as well as financial responsibility.
Our Personal Investigation suvl the Report of Our Eafiaear
ins and Legal Experts confirm th Report ef the State Commis
sion and we recommend thee Bonds , aa, ia our opinion,
sound snTestmecits.
Few of These Bonds Remain Unsold
G. E. MILLER & COMPANY
PorUaad Seattle
Second Floor, Northwestern Bank Building.
Main 4195
Pacific Gas and Electric declared regular
am irteriy dividend of 1.50 on first preferred
snd original preferred stocks, both payable Feb
ruary 16; stock rococo January II.
2 2 15-16
6
i 1H
i
36 H
43 H
32
SS
ss
8
1H
s
ST H
44
S
22 H
45
11
60
FOREIGN EXCHANGE BATES
Porre eted dailr bT the foraen exchange de
partment ot tbe United States Nstioaal bank.
Quotations below (except tbe pound sterling)
are quoted on tbe basis ol 100 units foreign cur-
i nency.
Opening "' rates cat nana transaction s:
Draft Cable Far
Checks Transfers Value
London
I,b. sterling
Paris Franca
Berlin Marks
STAHDABD OIL STOCKS
(rnraiabed by Overbeck it Cooke Co.)
- Tarslo Kiebaaro Warkat
'Hew Terk Jta, 4 -TJ. P.l twaaal
1V seesed tedsr at $4.11 Hi fraaea, .0807 Hi
I. ,ev .!. 1 f.
IsatX Marllaa 44 J : fraaea, .SMS H ;
M. .0444 Hi asarka, .S04TV.1 kssaew. .200a.
I ' " wswaw ssbs i mm nmajiw gga
THE SPECIALIST!
How extremely easy it la to spoil
la the snaking what otherwise
would be a woodertal road. One
j may aava tho rixht epecineationa,
aew a wa -a aw s a wi ie astsa wa g? v
snaehlsMt r available, but caralears
nawa or poor Judcment In or oom
bintnc the snaterlal. In the apraad
Inc. compraastns;. ar rolllns; may lay
the frMiwdatloa for onllmited trou
ble). When W'arre-ntte-Bitullthtc ta
- oaad. Warren Brothers tympany In
aWK. an Uia pavement being not only
up to spacificatlooa. but that the
r radtsct anall be srUxed aad latd
iht.
Anglo
Cheewbroogb . . .
riieswbroiigb Pfd.
Eureka
fSaleaa e
Oalei ia Old pfd. ..
tSatena New pfd. ..
UtlDos Pipe .....
Hiien si 1
N Bribers Pipe
Okie 4ir
P ia. kfex. ........
Roathera Pipe
Soathers Pena OU ..
ft. O. California . .
Ha, lff &g4aawU W- '
S. O. Kaacarkr
a. 4. New Task
S. O. Ohio ....
8. O. Ohio asad.
A. O. ew Jena
a. O. Nebraska
Bid.
1714
180
10
80
40
10S
10O
170
0
2
27 "
10
82
$55
460
S4
S86
114 , 17S
ICS
'Asked.
1744
185
110
83
42
107
lOS;
174i
02
5
280
17
84
10
670
40
S8
SOS
iu;
.1"
I Athens
Prae.bmss
Copenhagen
Kroner . .
Cliriatisnis -
Kroner .
StockholBr
avronsr
Hongkon
Ou eney .
Japan Tea
onsngnst -
TaaU
$ 4.21
8.00
.47
4.37 Is
. 4.40
. 20.02
. . is.es
. 24.85
, . 54.00
47.50
71.00
$ 4.22
8.07
.47
4.33
4.43
20.07
1S.70
2S.00
S4.7S
47.05
73.80
$.4,868
19.30
23.81
1J0
19.30
26.70
28.70
26.70
SHORT TEKH SECURITIES
Furnisbed by Clark. KeodsXl A Co.
Price.
Aaa. TeL A TeL 6s October. 1022 100
Am. Tel. Tel. ea, February, 1921
Am. TeL A TeL Ss. August, 1925..
anaconda Cop. os, Jsnuary, 1029..
Anaconda Oop. 7s. January. 1929..
Armour Conv. 7a July. 1030.....
Belgian Gov. as. January. 1933
Beth, Steel 7s, July. 1922
seta. Ettsei (s. Jury, iza .......
tjswsrtisn es, April. 192a
Canadian 5a. October. 1931
Cop. Exp. Assoc. 8a, February. 1922. . .
Cop. Kip. Assoc 8s, February, 1923..
Cop. Exp. Assoc. 8s. February, 1924..
top. sxp. assoc. as, raDrusry. iza. .
Cudsby Packing 7a July. 1823..
Jspsaess 1st Ext. 4 tt. Februsry. 192S
Japanese 2d 4Hs, July.' 1925
Southwestern Bell TeL 7a. April. 1925. .
Btarjoaru uuttft. X. la January. 1931 100
Swift A Co. 7s, October. 1925 101
V. 8. Bobber 7s. Seeember. 1923 100 S.
V. 8. Babber 7 16s. Anguat, 1930 .... 105
101
110
101
08 S
103
95,
100
100
97
97
1004
I02 hi
102
104
100
87
80
101
Canadian dollar discount per 1
Sew La bar Co aaay
Menteasao. Wash.. Jaa 24.- -Artirlea of in
earporattaa were flWd with the eoanty auditor
today br tbe T. P. White Ijnssber eosapaay of
Aberdeen. T. P. sad H. K. White are tbe
organise, af the cosapsny, wbica aaa a
ol 1 0.OOO. .
Farmers Take Orer Creaaery Plaat
North Bend. Or.. Jan. 24. About 200 fann
ers and dsirysaea ef Coos e usty voted shwost
unaaiawaaiy Satordsy to take ever the Mutual
Uaaaaery plaat at Man hneid aa the piaa of
fare d by tbe Or a Dairymen' lea a. The
eraassery was taken ever at about four-fifths ef
its book value, to bo paid for by prufemd stock
ts be issued by tho league. This a angenaent
will sfw 1 tbe fan sen aa ewtlet for their ereaas
aad saUk. Tbe baiidinaa and asachiaerv are ia
gooa state at repau. .
PACIFIC COAST BASK STATEMENT
tOfTLAr40 BANKS
Oaxtngs Monday.. $ 6.145,522 $ 6,215,211
Balances Monday.. 1.193.0S8 1.620,641
Clearings Tuesday.. 4.470,405 4.770.761
Ba nnea. Tuesday.. 712,035 837.559
Cleat sags Tsiailiy
aaa
Taesdsy
I
Cleartngs Taesdsy
.$ 2.704.749.00
BUSINESS SUNSHINE
Kelso. Wash.. Jan. . JC MiUa , fat
Kelso and the cam pa In thia .vicinity
i-aunted operations today toUowinar a
shutdown because of the cold weath
er. Tbe Silver Lake. Oetrander and
Barr'a cam pa are all once more op
eraUnsr. aa Is the Oatrander mitt and
UM.Creeoent Shingle company milk
J
NEW INCORPORATIONS
Clearings Tisissl
Las
Clearings Tuesday
$100,000.
Oakland Banks
$20,900,000.00
..$ 5,487,844.00
990.093.00
$ 233.700.00 1
I
.. $14.83.878.00:
Stocks. Boads, Cottflts, Crain, Etc.
316-317 Board of Trade BaDdinc
fUleva. Or.. Jaa. 24. Organ 3ed for the par
ol mutual protection aad smitjuua of
rttU and the enforcement ef all laws for tbe
protection of women, tie Purity, Protection aad
Fatnotlm assembly of La Grande filed articles g f 1ft - ft
rirtMTbfacSs t. uYGtb eck(xCookeCo
kfikiiwd liovett. tienmde Wsaner. Mildred Weha.1 V 1 VlUWVUV.VUUUVVUi
Loaise Clarke and Marina Lnrett.
tJL DIRECT PRIVATE WIRES
Walls Wai la Prune Growers' B-wociaUoa. F e
water. Lmsuils cwuntj; . Jensaa. O. JE.
GcodOiaa aad 19 other.
Joaa U stark company. Portland. $19,900:
Jtba U Stark. Jaoao P. HeaiU and W. P.
rnr.i.i.rf.i.r.ru iiiiiiiiiinniimiiiii i.i.i.i.i.i.i.i.i.i.i.i.iei
We offer our participetkan
$300,000
Lane County Oregon
5 ROAD BONDS
Dated May 1. 1921 . May Is 1M1-4S
FINANCIAL STATEMENT
Assessed aluatio- 1920 $34,87372.97
Total bonded debt, including t
this issue 550,000.00
Popolatkm 1920 census 36,116
Lane county rinks fourth in wealth amonc Oregon
counties. It-has the largest stand of merchantable timber
in the state and ranks second to Multnomah in railroad
mileage.
These bonds are a direct general obligation of the
county, issued for the purpose of building a permanent sys
tem of roads.
Free from all Federal bacorne Tax
Legal for savings banks in Oregon, Washington, and
California.
Applicable as security for Postal' Strings Deposits.
CASH DIVIDENDS
The Success of your investment is in
proportion to the returns it brings.
When dividend day arrives you want
dividends.
Northwestern Electric Co.
paid its
Twcnty-SeYcnli Cash Diiidcnd
on Preferred Stock
January First
With a business that has increased 121 per
cent in four years
Serving over 16.000 consumers! Supplying
80 " of available load in Portland's main
downtown district and over 60 of the load
in outlying district where Xorth western
lines reach.
Northwestern Electric Company s
First Preferred Shares
at
96
are an ideal investment earning
7.30
on your investment
Sound Well Secured Conservative
MAIL COUPON TODAY
J. C Tar-res, Stock Sales MjT
Northwestern Electric Company,
Tenth and Washington Streets.
Portland.
Please send me free information:
1.
"Investment vs. Saving"
"Hydro-Electric Dividends"
(J)
Price to Yield 4 1 to 5
Details a
We feel that we can do nothing better for
our clients at this time than to remind them
that bond yields will go lower NOT higher
and the only assurance of high yields
through future years in to INVEST tN
BONDS NOW before prices advance.
THESE INCOME TAX EXEMPT MUNICIPAL
BONDS ARE RECOMMENDED WITHOUT RESERVE
Yields to 5
Dae
Eastland Co- Texas, 5Vts 1926-50
Port of Kalama, Wash. 6s. . .1931-34-35
Morrow County, Ore-, 5yss 1929
City of Portland 6 .1931
Union County, Ore- 5V4 192S-35
WaIUWaIU, Wasfcu, Water 6s . 1933
Wallowa, Ore., 5x. ........ 1932-34
Yield
5.75
5.75
sr a t rrr
vtvo
5.00
5.00
5.00
5.00
LUMBEEMENS
Broadway and Oak
BOND DOAJmWOiT OPEN SU30 TO ScOO
Saturdays 8O0 to 2i00 .
IAD & TILTOH
TO ALL EXCHANGES
sahara Cafes Basra af Trsda
.Csrrcsposdasts af Larma a Bryaa
Oldest in the Northwest
- WASHINGTON
st THIRD . ;
IVIVIVIVIVlVlVlVlSMVIVIVl'.-lVIVI-lMIWIVIVII'firJ
WE OWN AND OFFER.
Pacific States' Lumber Company
First Mortgage 8 Gold Bonds
These bonds sre secured by an absolute first mortcaze on timber
snd property appraised at a value ot over S24.500.000. This
Issue is ONLY $7300000.
Price: 100 and Interest, to Yield
8 t 8-1
an1
. INVESTMENT QOND8
,7 SIXTH STRICT PORTLAND. ORCOOW ' ' RO10WSY 1M
' , CROUHO ftOOa fTLL-f ARCO BUtVOIMQ '
4
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