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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Feb. 1, 1922)
WEDNESDAY, FEBRUARY 1, 1922. . THE OREGON DAILY JOURNAL, PORTLAND. OREGON 10 3. ( v- FURTHER SHARP ADVANCE MADE IN STERLING EXCHANGE RATES NEW HAVEN RAILS AND STEEL HIGHER (WaB Street Journal mucU Review) New Tot. Feb. l.-r-tJ. PJ boom did littla borinea on th (took exchange today . and about 0 only neon ther to eel It a stock uiktt wa fumiahed ley the floor trade. A few of the iwcialtwe were ran no uun. bat the. ivt cbence. in the ttaadard Timdm who uneenlate- In Gulf States Steel kul another thrill when the toc aot up a rwtnf& rMilv tn dnio 6 Doint vubee- mtlr. The wfale nrlni in this stock ha in have any effect on the general Int. Th. hankina i roup believe the bull market will runtinn thnmih the rert of the yrar and pueaibly until the middle of 1923. The market clwd hintier : ' t ri Jimnul rbianrial Review) New Turk. F-b J. (t!. P. ulf Statee wa Ahr featnre at the opentnf of the lor eiehanae today. The firt va at TS. ud S H and 10 point above lat week'a Vrm. Thm fu mil dmaiderabl. Drewrare on the .rA with Htndrl.lkrr oft H at 84. The raila were fractionally hither with New Haven, tAtifhine the orrviou hiah on thia more at 16, up . Karly market waa laryely Murrain affair. Htrrlinc made a riw high on th more above t4.2. but thia failed to Vimulate the Mock market. Th general Ut ectwd very much a It did on Turmlay with practically all of the ororutiotM rejrewnrjtig twijriru and selling of the flour tradera. Cat! m ncj renewed at a pel . nt, - Cruif State ran no t.i 76. but met profit tak In around that figure and reacted 2 point. Oll.r etei-1 were quiet. V FORF.in EXm.OGE RATES Correrted daily by the foreign etrhange depart lent of the I'nited State National bank. Quotation below learept tlir pound aterlina) re quoted on the baua of 100 unita foreign cur n-rwy. Opening nominal rate on bank traniacunna ' - lraft t able Par Checka. Tranafan. Value. IVodnn . 1.6. mrlint. 4.27 '4 f 4.28 t 4 866 'Parr Franca . 8 30 8 31 19.30 Rerlin Marfcu. . 44 44 23 81 Genoa Lire. . . 4 ." 4.60 19.30 Atliena-'- Drachmae .. 4 43 4 48 19.30 "Cofwnliagen krd.w 20.10 :0 1J 29.70 Oirtttlania . Kroner .... 15 82 . 13 97 26.70 I Stockholm Kroner 23 33 23.40 26 70 - Hongkong Currei.ry ... B3.2S - fc.V40 .... Japan Ten .. 47.40 47.53 Shanghai Taeia 75 10 75 40 Canadian dollar dtaronnt 7 6 per cent PACIFIC COAST BANK STATEMENT Clearings Clearing Balance Clearing Balances Portland wanks This Week. Monday. .1 5,797.413 Tueaday . . 8.624.308 Tuesday.. 400.634 Wednender 4.713.074 WedneeUay 923,735 Tear Aro 4.640.240 4.422.84 789.630 4.422,34 789,630 Clearing! Balaoora Bank Seattle Wed ne lay WrdneMlay Taooma Banks Wednesday transactions ........ an Francisco Banks Clearings Wednesday Oakland Banks Clearings Wednesday s . . . . Los Angeles Banks Clearings Wednesday I 5.323.68 1.143.623, t 2:860.89.2 123.600.000 1.719.300 $14,282,839 Money and Rxrbanre ?ew lora, rvo. 1. (I. N. B.) L aU money on the floor of tin- SeW; Tort Stork Kxcliange tonay ruioa at n per rent; high. 0 per ocnt low. 5 per went. Time money waa atradv , Ratea were l"i3 Pr cent. Tle market for prime mercantile paper was ateady. 3 au money in lmdrm today was 2 H per renv arerung rxrnanze ws.s rtinM. with biLi BUSINESS SUNSHINE . Bella, Feb. lFmll eprfty pro dartJoa svt th 8btUb.BJx tw mm will b restated todays th first Irkt sklft t-olna; a tonlsrht. The daily astra t win be la the Bflffi borboo4 ef 40.rT feet of Umber.Mn stead of kaif tht snout, which has Vera sawed d aria a- the past year. F.inployaneBt of li nsea has prae. UeallT aoae away with what em ployment there was here, bat there are bo Jobs to spare. BASK OF BAT CITT CLOSED WITH STATE I3f CHARGE TUlamon, Feb. 1. The First Bank of Bay City, near here, failed .to open Its doors uus morning, the directors placing the uutituuon in the hands at the state bank raperin tends nt. ruy .V. Hikok. deputy bank : supenntenaent, naa been placed in charsw. Lack of eaan to meet riemanda of detiositors is the rrssrn ciren. Tbe bank was onraniied July so. loo. ana rapi talised at S35.000. Wficers are: President. Frank Keaden; nce-preaident. John A. Aeswn; ca4iier. A. at. O'lVIL UtUe prospect of re opening is seen. County funds in the bank are said to be protected by bonds totaling more than twice the amount involved. ALFALFA .WEEVIL AFTER POTATOES WALL STREET QUOTATIONS Furnished by Overbeckfc Cooke Co., Board of Trade Building gala. STOCKS I High. txne. r Bid. IDAHO MAT? WILL ATTEND WASHINGTON BATE HEARING Twin Falla, Idaho, Feb. 1. Leonard Way. manaeuig secretary of the Southern Idaho Traf fic aeociarin) with headquarters here, will leare on for Waxhinrton. D. C to appear before the interstate Cfmmeroe commitwiou as repre entatire from Idaho on a hearing on freight rates now in progress. BOSTON COPPER (Reported by Orerbeck SHARES Cooke Co.) Bid. Ask. Bid. A-Jt. Arts Com. 8 9 Man Valley 1H 1 4 Adventure 30 53 N.Butte.. 12 S 13 Alloues. . 30 H 31 Nipuwing. 6 Arcadian. 2 2 T4 X. Lake. . 20 40 Bing.Mns. 13 13 "4 O. D. Cop. 25 M 26 Balakalla .... 6 Oaeola Mg. 34 V, 83'' CalAArs. 59 60 Obijswa. . 2 1-18 IV, CslHec. 272 275 Quin Mng. 44 45 N ew IVirn 18 1 8 V, PondCreek 14 H 13 Centennial 12 V, 1 3 i Isle Royal 24 24 H Op. Rre. 43 44 H. Lake. . 45 47 Daria Italy 8 S 8 H Sup. Boston 1 1-6 1 IaJy West 1H 2 N.fth.Mch. 38 88 4 R Butte. 11 11 H dopfd. 26H 26 FrankMs. XV, 2 S. Utah. . 3 5 Oranby. . 27 80 Snp. Cop. 2 S Hancock . 2 2 Shattuck .8 9 V, Helvetia.. 1 2 Trin. Cop. 2H 2 Indiana.. 50 75 Tuolumne. 60 62 Jul. Creek 84 H 85 Utah Con. 1 2 Reewsnaw 1 1 H U. 8. Mng 34 35 Kerr Lake SH 3 dopfd. 42 42 Ike fop. 2 ' 2 Utah Apex 2 H S Ia Salle . 1 . 2 Ventura. . 21 22 Miclugan 2 2 Winona. . 40 50 Mass. Con. 2 3 Wolverine 11 11 Mohawk.. 86 56 Wyandot 40 60 M O. CoL 2 8 SHORT TERM SECURITIES (Furnished by Clark. Kendall ft Co., Inc.) Am. TeL Tel. Ss. . , Am. TrL A TeL Cs. . . Am. TeL A TeL 6s. . . Armour Conv. 7s Anaconda Cop. 6s Anaconda Cop. 7s Belgian Gov. 6a Beth. Bteel" 7s Beth. Steel 7s Canadian 5s ........ Canadian fis Cop, Eip. Asso. 8s. . . Cop Kip. Asao. 8s. . . Ccp. Kxp. Also. 8s. . . Cop. Kxp. Asao. 8s. . . Cudahy Packing 7s. . . Jsp. First Ext. 4 s . . Jap. Second 4 H s. . . . Southwestern Bell Tel. Standard Oil of N. If. Swift A Ca. 7s. .... tJ. S. Kabbor Ts C. 8. Rubber 7 s. . , . . .October. '22 . .February. '24 . . . . AuiruKt. "25 ."July. '30 . . .January, '29 . . .January. '29 . . .January. '25 July. "22 July, '23 April, , . . . October, . . February, . . February, , . .rehniary, . . .February, July. 23 . . .February. '23 July. '25 7s. . . .April, '25 7s. .January, '31 . . . . October, '25 . . December. "23 .... August, '3 0 26 '31 2' '23 24 25. Price. 100 100 110 101 . 101 9S 95 100 100 S 97 96 100 102 102 104 100 87 86 101 106 100 100 104 Boise. Idaho. Feb, 1 . Practically all the Idaho growers Dave sold some of their potatoes, but few have disposed of their entire stocks. The quality this year is under average and re sorting and resecting because of the presence of alfalfa weevil in tbe state has been very ex pensive, in some cases amounting to 25 cents a hundred pounds. STEEL - Buffalo. Feb. 1. The Delaware. Lackawanna it Westers railroad haa arranged for the repair of 830 freight cars by the Buffalo Steel Car company. Chicago, Feb. 1. Tbe Atchison. Toptka ft Santa Fe has ordered eight dining cars from the Pullman company to be delivered in April and Mar. Phoenixville. Pa.. Feb. 1. The Phoenix Iron Works has resumed operation of its rolling mills after a shutdown of 18 weeks, employing 3 65 additional men. The entire plant is now run ning about 80 per cent of capacity. AFTrSMOBILE ACCESSORIES Boston. Feb. 1. The Gray Dans com pany, which makes starting and ngnting systems under contract with the American Bosch Msg- neto company for the Hudson, Essex, Chandler and Cleveland automobiles, is rapidly increasing output. ' CHEMICALS New York. Feb. 1. Calcium chloride has been reduced to a basis of 124.70 per ton in earlots. New York, for solid and $30.70 fi granular and flakes. GLA8S Pittsburg. Feb. 1. The 23 per cent rednr- ti.in in the prices of common window, glass by tbe leading makers has resulted in a stimula tion of demand. &;r3 St. Paul. Feb. 1. -Sub-zero has resulted in an advance of 2 cents a dosen in the price of eggs to 40 cents a dosen. Butter remains firm BCLLDLNG, MATERIALS Minneapolis, teb. 1. Building contractors m this nection are waging a vigorous campaign for reduction in tbe prices of building materials, announcing the scale of wages in the building trades will remain unchanged. COAL Coal dale. Pa., Feb. 1. The new million dollai ocal breaker of the Lehigh Coal and Navigation company, one of tbe largest in the world, will be ready for operation April 1. FISH Halifax, N. S.. Feb. 1. The six weeks lob ster -fishing season off thia coast will bring about S509.000 of American money into this tern tory. The greater part of the catch, both live and canced, wag shipped to Boston. SHOES Boston. Feb. 1. The shoe business in N England today ia operating at between 60 and 70 per cent of capacity, while the makers of low priced shoes have reached practically 100 per cent. CORN Redfirld. X. D., Feb. 1. Merchants of Red field have agreed to accept com in payment for their wares and the payment of old accounts at 30 cents a bushel. 5 cents above the market price. An ager.cy will receive the com and issue credit slips to farmers. llAKUWAKE San Frsnee. Feb. 1. Wbile the present de mand for hardware and builders' tools is only fair, the outlook for spring is excellent, accord ing to local dealers. TEA Ntw 'York. Febi 1. The advance in tfe. nrim of Ceylon teas ati primary markets haa been re flected here and! prices now range about 30 cents a pound fdr orante pekoes and 20 cents for ordinary pekoes. t. pfd. . I. In hanker' bills at 4 28 for demand. kronen. '.202o'. TorelfB Exchange Market N. T.V V..J. 1 1 S4.21 .0049. The close was firm. Demand Sterling ti ? XX francs, .0835; lire, .0470: marks. .0049 Tork. Feb l'r (l i franca, .0830 M : lire. P. ) Sterling 0460: mark" Twin loans Idaho Farmers Repay Loans Twin Falls, Idaho, Feb. 1. All o'f the Falls county formers to whom federal were made last year to buy seed have remind th loan in every case without request for a time extension. The amount borrowed by local farm ers was 163,000. , PORTLAND MILLS FATING REGTLAR INTEREST ON BONDS Semi-annual interest checks to the amount of $120,000 are being !-nt 00 1 today to holders ot the 3.uou,u0O Portland Flouring Mills com pany 8 jer cent first mortcage bonds. The security was issued February 1, 1921, and matures February 1, 1936. A larre number of local investors will be recipients of interest cnecKs. 100 Artama Express .... (Advance Koa I do pfd. . 200iAgT.,Cbem. . 5O0 do .. pfd. 20OjAjax laubber .... jAiafka lioki .... lO0)Aiaka Juneau . . 1000lA!lied Ciiem. 2000iAUia-Chalmers 300 do pfd. .... Am. Beet Sugar.-. 5 00 j An. Bosch 3 200 1 Am. Can Co ioo, do ptd. .Am. Car Fdy. . .... I do pfd. SuOiAm, Cot. Oil . . . . 1 ao ptd .... 1 Am. Drug Synd . . 900 i Am. Hide ft Leath. 1500! do ptd. . . 3900Am. Ice 2oO, Ain. IntL Corp oOAm. Luueed 200 1 Am. Loco I do pfd. ,Am. Sal. Razor. . . . 200 Am. Ship & Com. 1700Am. Smelter . . . . 200 do ptd. 20O;Am. Steel Fdy . 17 00, Am. sugar 100 do pfd. 1800,Am. bumarta .. 1500)Am. TeL & Tel. jAm Tobacco . . 500, do "B" .... 2 100 jAm. Wool 400i do pfd. lOtfjAm. W. P. AH1. Z1DC . . . , . 1200i Anaconda .... lAattd Oil 600 (Atchison 10O-, do pfd. . . . 200.AU, Gulf A W 140U,liiidwln Loco. .. ..... I do pfd. 20O;Bal. ft Ohio I do pfd. laOOiBetli. Steel "B" . . (Booth Fish 10000;B. K. T 400iButte C. & Z. 2600 Bute & Sup 400Burns Bros. 200Caddo Oil lOOOjCaiif. Packing ... 100,Calif. Pete. j do pfd. 2000lCacadian Pac. . . 1400Central Leather . 200Cerro de Pasco. . 3100JChndler Motor . . 400Chi. & N. VV IChgo. Gt. W ..... I do pfd. 23(i(l Chili Cop. 1100Chino 7001c. M. St. p. . . . 900 do pfdl 3900:Coca Cola C. ft O 200, Colo. F. ft I .... (Colo. Southern . . 300iCol. Gas ft Klec. 00Columbi Graph. . 1600:Con. Gas . . . . jcons. Cigars . . . . I do pfd. lOOOContl. Can .... iCities 8VC Bankers 2900jCrn Prod. .... 1 do pfd 300Cosden Oil 300.C. R. I. ft P 201(1 do "A" pfd. . . . 100 do "B' pfd 1900,Crucible . . . . : do pfd 600;Cuba Cane 600i do pfd. . .'. 60O!Cuban Amu. Sugar. ... .11 (el. ft Hudson. . . 2tX(U(ome Mines lOOjDel. ft Lack 8 700, Davison Chem, . . . 2000iKjidicott Johnson. . 7U0Erie I do 1st pfd 4300iF.lec Scor. Bty. . . 4100 Famous Players .., IFed. M. ft Si, 200 do pfd. . . 300iFi.sk Tire jGaston Wms. . . Gen- (Tigars . . . 200Gen. Elec 3000iGen. M.Aor . IGlen Alden . . 5700jeD- Asjihalt S3 56 15 5S 44 90 34 37 96 20 14 63 I 961 40 311 52 S3 56 14 57 43 89 33 36 V5 20 5 10 34 32 5fr 14 57 44 89 a4 34 37 93 143 ,iii!. i 42 14 61 92 1 401 311 105 1 103 81 46 88 I 31 i 1 6S . 91 . 291 .117 ,117 . . 1 8 44 j 8S 30 64 . 91 28 14 62 96 40 31 105 113 3 8 46 8S 30 64 91 29 117 133 STOCKS 12411291129 .j 82 i S0 81 .104 ,104 103 27 48 95 861 as 1 93 i 34' 271 '471 yi"i 861 25 i 94 " 33 60 I 59 I I I 11 , 10 l 51 5 27 ! 26i 1161115, 115 11 I 11 10 6UI 691 69 26 13 48 99 95 86 25 95 105 33 54 60 7 11 5 27 46 46 1231122 A- I 3111 31 I 58 I 62 17 27 18 31 44 23 68 ' 2 91 53 102 34 31 86 71 61 9 21 17 22 112 60 81 8 33 57 144 78l 16 26 18 30 43 25 68 ' ' 2 90 53 101 33 31 85 71 59 9 21 17 112 59 79 8 140 76 38 1 46 bo 122 32 33 58 62 5 14 1 26 17 30 43 55 25 38 67 2 90 28 60 53 18 101 114 34 31 85 71 60 81 9 21 17 107 22 112 59 80 8 12 142 75 9. 38 38 .1 121 121 12 I I I I 67 .1144 142 4 1144 I 8 I 81 8'i l I I 44 .1 S7H 56 56 One of the Greatest Features of The CONSOLIDATED PRESS ASSOCIATION LEASED WIRE SERVICE Is Its DAILY FINANCIAL NEWS "Today's News Today" The Journal has established its own Wall Street bureau, under the supervision of Stuart P. West, recognized authority on financial matters. Exclusive and authoritative dispatches covering the New York stock market, bond market, curb market, and the Chicago livestock and grain markets, will be sent to The Journal daily. The Journal's wire will also carry a record of all bond transactions in the New York exchange, information of vital concern to all investors. This, to gether with a host of other exclusive news, wuTmake The Journal's financial page preeminent. ' '--in m 11 11 11 55- lOOjGooidrich ' Goodyear ........ .'. . . .fGranby . . lOOKJt. Nor. Ore . . , . . 500 , do pfd. . . Greene Oananeai ... 15C.00T.olf S. Steel lOOIHouston Oil SDOjHrrpp Motor .. 30O-:Iila. Cent ...... lOOilrLspiration 200 ilnt. Agr. Cbrp. e. EOOj do pfd. 1300jlnterboro 30j do pfd. '. 60OInterstaie Callahai 100, Int. Harvester . ( . oOOilut. Mere. MarinW 3500 do pfd. 1400;lnt Nickel SOO'Int Paper 17 00; Invincible Oil 1000 Island Oil . . .... (Jewel Tea jK. C. Southern . . 1 do pfd. 200 1 Kelly-Springfield . 3100 Kennecott 1000 Keystone Tire ... I Lack. Steel lOOjLee Tire 200 Lehigh Valley . . . SOOJLorillaxd 800iLoew Theatres ... . . L. ft X 40OiMarland Oil 1300iMartin ft Perry... 20jMay Stores 4300;Mx. Pet. 100 Miami 4 700Middle States Oil. 3800 Midvale Steel . . . 4100jM. K. ft T. "Wi" S00: do "Wi" iMont. Power . . . . 1SO0 Mcnt. Ward . . . . 400lMo Pacific 2001 do pfd jM. St. P. ft S.S.M . 500;Nor. Ami (Nat. Biscuit SOU Nat. Enamel 1500iNat. Lead 200 Nevafla Con 800New Haven ...... 200Lorfolk ft W lSOOjNor. rac (Nova S. Steel. . . . IN. T. Air Brake. . . L00 N, T. Central 400Okla. Prod, ref Ontario Silver . . . . lOOjOntario ft W SOOjOtis Steel Pacific I lev lOOiPscific Gas ft Elec 1500 1'UDta AlU-ere .... 3000 1'acific Oil 2300, Pan. Amn. Pet... 800 do "B'! ISOOjPenna. 500People's Gas 1 00 ;Pere Manjfeette ... 600 (Pure Oil 200 do pfd 7500 Pierce Arrow 100 Pierce Oil Pitta. Coal 600jPitt8 ft West Va. . . do pfd. Pressed S. Car . . . 2400. Pullman 500'Ray Tons. 700 Reading 3 8 0 0 1 Remington Hick 1 Low. I BM. ! 36 36 36 j -. 10 ! 27 31 31 31 72 72 72 I 26 70 70 " 72 T3 73 73 IS 12 12 100 100 99 & 38 38 38 88 8 36 35 35 2 21 2 8 7 8 5 5 5 82 82 82 15 14 14 68 67 67 12 12 12 48 47 48 14 I 13 13 2j 2 5 i 11 j 00 36 28 16 HOUSE SHORTAGE 36 27 15 27 27 57 57 150 1149 11 11 23 23 31 i 31 105 l0o 111 j!10 26 26 53 36 28 16 45 . 400 600 Replogle Steel. . . Rep. L & S. do pfd. Rep. Motors . . . 1500iRoyal Dutch Oil. 200 Ry. Steel Spg. . . 3 00; Saxon Motors . . lOOlSear. Roeboek . jShattuck, Ariz. . lOOIShell T ft T . . . 2000Sinclair ...... iStand Oil rnd. . LOO) do N. J . . . . . ISloss Shef 1000jSou. Pacific. . . , SOOISou. Ry. ..... 900lStand. Oil. Cal. . lOOiSt. L. ft S. F. 40.istromberg Carb. 13300 Stude.baJSer ... .... .-'Swift ft Co. . . . 300'iTenn. Cop. ft Chem. 4800iTexas Oil 14400!Texas Pac 14 00; Tex. Pac. C. ft 0 70(iTob. Products 800ITran. Conll. Oil, . . iOOit'nion Oil' DeL 1200. Union Pac It'nited Alloy . . , . llOOIUnited Drug 5400!United Food Prod.. 2 000i United Fruit lOOiCnited Rds. of N. J. .... lUrrion B. ft P 2(iOO!United Retail Stores 12 29 8 25 i2 16 44 54' 37 91 14 16 98 77 73 2 20 10 64 36 45'i" 51 46 34 68 20 33 29 15 9 23 110 14 72; 32 29 51 48 95 -2 61 36' ' 19 81 18 93 21 31 89 ' io 44 28 'i 24 62 9 18 V27 57 148 11 110 23 31 106 111 26 11 29 8 24 6S 12 16 44 64 53 130 37 90 14 15 98 76 25 57 74 2 4 20 10 7 64 35 45 50 45 38 68 19 33 29 14 9 59 23 75 63 109 14 71 32 28 . 50 83 7 47 i 95 2 60 8 36 19 : S3 174 39 801 81 17. 17 93 I i3 211 2 1 37 i 37 87 ! 88 . . . 1100 10 10 43 ; 44 11 29 8 24 ' i2 16 44 '.58 35 90 14 15 98 76 73 2 U 20 10 3 35 45 50H 45 33 68 20 33 29 14 9 23 1109 14 71 31 28 50 47 95 2 59 36' ' 19 TO BE RELIEVED t - The noosing shortage in the larger cities of the United State will be greatly relieved during the current year and the building movement now getting under way on the Pacific coast will de velop into a record construction campaign throughout the country, according to W. J. Sov ereign, president ot tne Aiaauin company. here from Bay City. Mich., to spend a week inspecting the Peruana plant. tie wui leave here for Los Angeles and return rjM. oy way of Httieburs. Miss., and Wilmington. K, C. where two of the Aladdin plants are located. The most important single export stupnuai ever sent from roruana j,oy uie auuio wui pany, consisting of ten carloads of bouses des tined for Japan, lett trie locai piani uuaj u will be loaded at the Albers dock on the Hora- tian Manx. The shipment comprises five nine room houses to be erected on a tract adjoining hte public square as residences for the officials 0 on. of th Ureest corporations of Japan. Cost of the houses is approximately J20.0O0 each and the stupment will be accompanied, by l'H.nl r Poole of Bav City. Mich., who will mnnntMwl thir Cl ,Ofl mot IOC ' . . . 1 1 1. Th ai.rldm comnanv is maneung umin of houses from the local plant at Los Angele xihar Pjilifornia cities and sovereign staieii that an immense demand for tbe output 01 me Wilmington fsctorv has developed at New Tork tv..-; 1010 th cnmDanv supplied seven ' f total rvsidence construction of I T-Itl 1 . - ' v, T-oi at. iccordine to A. A, Patterson eeneral manager of the Portland Morris Brothers Pay Stockholders The board ot director of the Morris Brothers corporation, at ' a meeting held Tuesday after noon, authorised a payment to ' stockholders of virtually 32 per cent of th total capital from the fund set aside to: retire preferred stock. Inasmuch as a majority of the stockholders have signified a willingness to reinvest their payment la oonoa, toe ca-sn outlay will Be small. , James C, Cunningham, president of th cor poration, submitted optimistic report to the directors. FtSE BOX MANUFACTURERS COMPLETE ORGANIZATION Wenatchee. Wash.. "'. Feb 1. At a held here the Pine Box Manufacturers' associa. bon was organized, all firms making fruit boxes in the district being represented, as well as those in sympathy with the movement Th nK,.. the association is not to control prices, but rather to standardi. th. crease eiiiciency, aavertise and extend sales and . rtr v P"ce t wmcn tu product can profitably be sold to the grower or dealer. Thcr are aoout 13,000.000 annle boxes .n9 o nna . it r : a 1 . . , ... '. riant, and he stated that the output of the local ooncern wou.d amount to 1.500.ono tms ver. compm. approximately 1750,000 in 1921. BONDS Co.) r-ORF.IGN GOVERNMENT i tSi rri.rpd by Overbook ft Cooke Be'pian rest 5s Belgian prem 5 . . . Bf'.gian 7s. 194 5 P.tlran 8,. 1941 . . Belgian 6s. 1925 Rraril 8. 1941 . Briti-h 5s, 1922 P.riti'h 5s, 1927. . . . . British 5s. 1929 . . . British vkv 4 British ref 4s Bcrdeanx s. 1334 . . Canadian 5s, 1937 . . . Canadian 5s. 1926 . . Canadian 5 Vis, 1929. Canadian 5s. 1931 . . f-nnadian 5H. 1927. Ch;rese 5s. 1951 . . . . Chilean 85, 194 1C. . . Currency Derma 8s. 1945. . . French 4s. 1917 French 5s. 1920 French 5s. 1931 French 7 s. 1941 . i . French 8s, 194 5 Gf-rman W. L. 5s. . . . Berlin 4s Himbnrg 4s Hamburg 43 Teipstg 4 H . IrpiK 5s Mrrriiort 4 s Munich 5s .- Frankfort 4s Italian 5s, 1918 ... Jsp 4s. 1931 - Jap 1st 4 s, 1925. . . .lap 2d 4 s, lHL'.i . . . NYrway 8s. 1940 Russian 5s, 1921 . . Rnsrtan 5 , 191'b.. Russian 6s. 1919. Swiss 5. 1929 Swiss 8i, 1940 San Paylo 8s . K. 5 s. 1922 . . . . '. fi. 55, 192ft U. K. 5s. 1937. . . :::N-::; 6800 500 1001 11700 500 800 500 1000 100 C S. Ind. Alcohol U. S. Rub do 1st pfd U. S. Smelting . . . TJ. S. Steel do pfd Utah Copper Va. Chem do pfd. ....... Vanadium Steel .... Vivandou Wabash do A pfd do B pfd fWells Fareo Western Pac do pfd Western Union. . . . West'bouse E. ft iL West Md White Motors 900!Willys-Overland . . . 300!Wilson Packing.... . . . . (Wisconsin Central . . 300VooIworth 400j orthmgton Pump. 200'W. ft L. B 1500; White Oil. 500 100 200 300 100 70 54 131 8 53 44 53 99 85 117 62 29 27 23 H 62 9H is 126 681. 5 128 8 52 43 53 99 33 19 14 51 91 51 38 5 31 Total sales: 312.048.000. 145 47 6 8 Stocks 419,200 84 116 61 .29 32 19 14 51 91 51 38 5 31 145 47 6 7 shares; 28 24 Va 62 9S 18i 126 26 69 5 130 8 69 53 44 53 99 34 85 116 29 67 33 6Vi 6 19 12 79 14 51 91 51 8 37 5 31 23 144 46 6 8 bonds, Bid. Ask. 69 71 75 78 107 107 103 105 95 93 103 103 S 87 89 87 89 84 86 70 72 66 68 82 83 95 9 7 97 98 99 96 96 96 97 44 45 101 101 8 10 108 108 49 50 73 74 63 64 94 94 100 100 3 4 4 4 4 5 4 5 "4 5 5 6 6 7 6 U 7 5 ' - 6 5 6 73 74 87 87 86 87 109 109 17 19 3 5 . 17 19 97 97 113 114 100 100 100 100 101 101 9S 98 nnallv. At last year prices the growers pi nut ? 900 000 for thee boxes. tl U amount about 40 per Cent was paid to outs manufacture! na was never seen again wji k-Mlk CmInI 1& .h inirtni) TS 1 r-.t inn .1t..w hooM to make and ecu all ( fruit boxes ased her right ia this territory. - . J PRUNE MARKET HAS FIRM S 1 TONE WITH DULL- TRAB i , Salem. Southern Grower hipped. Feb. 1 All of- the prone tat Oregon packing, plant of the, Ores. . r- ' . .wieialtoa 1 b7e ' b with the exception of floantityf 0 , o t. pmcainc eoersuwa-w.' th. T.mhill plant. Th prune. "H ket way, with little port buying which market by firm, but buying acme m or no spemia - : k. mnaiid. it nt expen .n nWit.lv exhaust in hn May 1, or not later man luu VTaj orgsf Ermne Me Elect Preewater. Or.. Feb. Tbe-Walto v.il.. imn. ;mwers astwation lately : 1 v Bt.t. Line for the prune f.tow4 f to. v.il.v met aaain Monday .afternoon a . . L . .11 Miiskotor- S ' A. MuleT eteciea ue - - -: , , , ... i v t . T.rwn of Femdale. A, . pi. mons of Fruitrale. Claode lUrris of MiltortJ of K.mdale. Julius Ivy of rerooaj C. E. Berry of College Place.. Wah. ANOTHER REDUCTION 31 Al) K DODGE BROTHERS MOTOR New York. Feb. 1.- (TJ. P.) Prices in the Vl . Brothers' motor rtfrs 1U ellect tOOSV mndftL H880. t reduction of 10fi: Rian. 1440. which is 34.i unaer tue previous pri:- . The coupe IN CARS was- reduced $305 LlTrStOCk Klamath Fans, Association Or.. Feb. 1 Formed NEW TORK BOND MARKET Famished by Overbeck ft Cooke Co. Atchison Genl. 4s BaL ft Ohio Gold 4s.. . Beth. Steel Ref. 5s ....... . Cent. Pacific 1st 4s: St Paul Genl. 4 s Chicago N. W. Genl. 4s. . . . L ft X. Urri. 4s New York Ry. 5s Northern Pat P. L. 4s Cnion Pac 1st 4s TJ. S. Steel 5s Union Pac. 1st Ref. 4s.... Southern Pac Conv. 5s .... . Southern Pac. Conv. 4s.... Penna. Conv. 4 s. .... . Penna. lrt 4 Ches. ft Ohio Conv. 5s Ore. Short Line 4s Alhed Packers 6s. Am. Can 7s Am. Cot Oil 6s 1924 Am. Tobacco 7s 1922 . . . . . Anaconda 7s 1929 Anglo-Amn. Oil 7s 1925. Armour 7s 1 930 iCudahy Pack. 7s 1923 Gen. Elec. Deb. 5s 1952 . . . Goodrich 7s 1925 Kennecott Cojv.7s 1930. . . . Sears Roebuck 7a 1927... Oil Cal 7s 1931 Westtnehouse 7s 1931 West Elec 7s 1925 Bid. Ask. 88 88 77 78 92 92 84 , 86 60 hi 60 83 83 89 90 27 29 85 85 91 91 100 101 96 97 96 96 87 87 96 67 87 85 85 89 89 63 66 94 95 93 94 101 101 101 102 103 103 101 102 100 100 r96 97 972 97 102 102 88 " 99 105 106 105 106 104 104 Union County 5i Road Bonds Dated Due Jan. IS. 1922 Jan. 15, 1927-36 Denomination $1000 Price to Yield 5.00 STANDARD OIL 8T0CKS (Furnished by Overbeck ft Cooke Co. C heesebromth Eureka ...... Galena com. . . . do Old pfd. . do New pfd. Illinois Pipe . . . Indiana Pipe . , Perm. Mex. Southern Pipe . . South Perm. Oil S. O. Calif. . . . S. O. Ind. S. O. Kansas . . . S. O. Kentucky . S 0. N. Y . . . . . S. 0. Ohio do pfd. S. O. S. J S O. Nebraska . Bid. Ask. . 17 17 180 191 107 110 86 88 46 42 105 107 100 103 167 171 89 91 95 97 264 268 , 18 19 86 88 185 190 93 83 550 '570 460 470 339 362, 35 395 113 115 174 165 175 LIBERTY BOND SALES (Reported by Overbeck ft Cooke Co.) Open. High.. Low. 9526 9576 9520 Liberty 3s Liberty 1st 4s. . . Liberty 2d 4s. . . . Liberty 1st 4. Liberty 2d 4i.. Liberty 3d 4t. . Liberty 4th 4. Victory 4 Victory 3s . ... 9600 9634 9600 9624 9676 9646 9600' 9634 9600 9714 9616 10024 10032 10022 10026 10030 10026 9716 9750 9616 9654 Close. 9560 9640 9620 9670 i4: 9746 BfiSO 10034 10030 Work Days Are Loss Spokane. Wish., Feb. 1. Effective today. 500 carmen la the Great Northern shop at Hilly rd go on four-day week, according to notice posted m trie ear department Tester day. This is tbe first cut these men bav naa since we war. i ney nave been working am a mx-day week basis. Fntil further notice. Morrow County 51 Road Bonds Dated Due Nov. 1. 1919 Nov. l, 1929 Denomination $1000, $500 Price to Yield 5.125 Gilliam County 5.Road Bonds Dated Due Jan. l, 1922 .Jan. 1, 1942 Denomination $1000 Price to Yield 5.125 Federal Income Tax Exempt Wire orders collect. lIJPHSCHNEELOCHCa MUNianu and caw oration rauec ujmbcrmcns building Poktuoox Oreoon. J : : The Man Who Has Vision knows no fear, has faith in himself and his business, and , overcomes opposi tion. Consult us freely whenever you wish on business or financial conditions. HOURS-8 A.M TO 530 PM 1 SATURDAYS8AM TO 8 PM An organization meeting of the recently lncorporatea r on KlTna.th A trri cultural and Livestock association. formed for the purpose of obtaining loans through the War Finance corporation, today was held at Fort Klamath. The incorporator are C. V. Loosely. E. M. Leever and IL B. Loosely, prominent stockmen. " I Mill 11111111111 I I I. M.I .i.l .1.11 Wer own and offer: $24,000 Republic of France Twenty-year External 7lz Gold Bonds Dated June 1, 1921 Due June 1, 1941 Principal and semi-annual interest June and Decem ber 1st payable in United States Gold Coin in. New York City. Non-Callable These bonds are a direct general obligation of the entire Republic of France. ' ' The French Government covenants to pay as a sinking fund $9,000,000 cash per annum to purchase bonds in the market which will have a marked effect in maintaining a continuing and substantial market for these bonds. PRICE to Yield About 8 BOND DEPARTMENT OPEN 8:30 TO 5:00 Saturdays 8:30 to 2:00 & TILTON BANK 5 jaw Oldest in the Northwest rSgiF WASHINGTON V 0 at THIRD - L Ml i Oversubscribed THE 4iooks for the Department "of the Seine 20-year 7s at 90 to yield 7.95 to 8.75 have been closed. We have available a small amount of our participation;, which, sub ject to. prior sale, u,e offer at the original sub scription price. Wire order "collect.' Freeman, Smith & Camp Co. ILUMBERMENS BLDO.. STARK SAgpS S744 UNDER PAR Canadian Bonds Yields to 725 ,GOOD Canadian bonds are advancing in price. We still have a few in limited amounts priced at par or less. Due Yield Prpv. British Columbia 5s . . 1925 625 Prbv. Manitoba 6s 1925 625 Prov. Saskatchewan 6s .... . 1924 625 Greater Winnipeg Waters 6s .1930 6 Victoria, B. Q, 6s 1930 630 Burnaby, B. G., 6s 1924 7 North Vancouver, B.C.. 1923 725 LXJMJBERJVIENS Tkxxs x(iA2rz- -J3LAJLSTK Broadway and Oak 7 Northwestern Municipal Bonds WE OWN AND OFFER: Rate Maturity Yield Arlington (Oregon) Funding. . 7- 1941 . 6.50 North Bend (Or.) Fire Equip't6 1931 5.$5 Union (Or.) City of, Gen. Oblig. 6 1927-41 5.85-5.90 Ephrata (Wash.) Water ..6 1927-35 6.00, Grangeville (Idaho) Gen. Oblig. 6 1931-41 6.00 EXEMPT FROM FEDERAL INCOME TAX Vestera Bond and Mortgage Co. M Foarth Street Fortlaad. Orcrom GrosDd Floor Board, of Trad Bid jr. Telepboae Broadway t4- Teiephone or Telegraph Orders Collect j ...'...'.:,,;. - ' " - i - ' " - ' according to the bulletin, 150 men will he iud all en a. beginning temorroej. i . v