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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Feb. 6, 1922)
THE OREGON DAILY JOURNAL, PORTLAND, OREGON'. MONDAY, ' FEBRUARY $. 1922. BULL MOVEMENT IN STOCK. MARKET STARTS WITH ADVANCES. IN MOTORS C0OTIH1 MARKET IN ST on; ; , -. i recover rted in th stock at toad there was tUiart West Wn Stv-t Bureau nf Tbe Journal) T(-w York. r. There m aa active nrr itae diirina Lb rtr oar sf to a U nekMt today, ranter ana eult praam v nark at falriy good aeurlty la bond. Tha foreign ateliaage, however, uf- fared a partial re action. Tba proceeding in tha tnca market attracted tha freateat Interest Tha renewal in a awry broad way overthrew what ar Maav there U he bi. that Uai , w' rise waa as highly araaralaUve movement and vu box rapreaow Ultra of anlid lutla- Savfi fc taaaara vl I n af Kaa " .eaura. Had IM ad.anr almply "n ia profaaatovial aueipalatlon against a eoort fateraat it arm Id ha V. rt.-rrn.ft f.r .hnet f tha mult aeeoeapUned today. Tha market with lia Increasing amivity, new high price and crtonly Widening in terra t iu registering the '''"'' vuat in am parted m the marry ir-ra na grant Doanea oppression of 1820 1-M Is not far away. Tha tlaa la the exchange was halted, tem tntmff a Irast Thia waa qittte natural after tha aruniarrupted advance of 10 aanta a pound in eteeimg. wilhla a rortaiht A atnvement of. that aaasriitad Implied attractive profite for a avree atewlt.i following here and the etaer ! and It was profit taking and any dl. nnt In the International sltua- wna-B trmuenned tha at rim market tnria 4 ot tin trial ;nchangs were ayeauathetieallr eas ier, but It waa erne tha pronuaa of increasing '"'"'rn deHJmi. hckl not br tha recent Improva Xaeet la esehan rale., which waa mainly ra-av-ep-dr., for tha strength In tha wheat market At tha earn tin a that tha priipanura drmand a iwaa anUrad tha indication! of rrdiiced frrlT bnta in Una notiDUT and in tha Arfantina M4 na arapnaAiaro. Thw waa nn qnaatina that pobUe partirlpa, tha tnrroaxa In (h atra-h market, aiuwmra aamt of tha lnaiinUn ronUniled to ma from poo la and profawlmal tradara. Thai ahnwl m lartar T.rfuav of huaaxw and in a h'tt apward tandanry of piinaa. Tha familiar biddlm ap nf ana art of ttnrka after another aaala tha aaln eharartrttc. In thia way leadaraiiip waa aaeumad at Tariooa Him by Um Btntnr alorka. tha ahiKOin Murti tiw niu .. aqnlpwianta. Many of thaw went through their pnrao a um year. Akmi with them minm-miiMncwim array or apetMaluaa wrra taken op, nona ineaa aat ioa ripe, common and pre- lerradj t mumbta Oae, Great North rtk Or, tha anaraa m um eeaipantaa driD( a aarcaaUla and a rhala atre buukraa, tha motor accaawry w-mm mi m. iuw anarea, la tha Uta tradfn rail aKarea had their torn Th deaiand for Um Krw Harm wraea waa on Birmanta ot tha day -hond market, wn nrw narao aioru Wrra ainnn th isaJcrv ' NEW YORK BOND TRANSACTIONS Repotted Taa Joamal i Wafl Street Bureau 5a w Tort, Fek. Cporttm4 Kallway Llrbt fcoad adTaared aflf threa taliU to a record hln. New Tork. FVb. C. Total aalaa of bond on tha atork axnharaw today were $ 14.15a 000 acainat $,S4.0O0 Saturday. $1.22T.00 a waek aa-o, I12.7te.000 a year ato and 1,- QS1.0U0 two yaara aca rroai January 1 to m I487.fl4n.000 acaiast .A4.Ow a year ato and 14(4,730,000 two yean ao. rouuwinr la a complete net ot Dona aejee To day. Total aaiea wf each aaeojnty and tba bMth, low aad cloainf price araatirea: I.fberty tltl H32-4T lbarty 1t 4a rra. '4T Liharty 2d 4i 27-42. . IJherty lat lUl "J2 4T Liberty l-2d 4i '4T Liberty 2d 4 14. '42. . Liberty 2d 4 ye. '42 Liberty Id 4 'ZS. . Liberty ! rec '28 Liberty 4th 4 "4 'S8. . Liberty 4th4 W rec St Virtory 44 1922 2S. victory N ree. 'Z. Victory It 1922-23. Hirti- PB.20 BS.70 9S.74 V.30 98.10 .08 95 88 11.11 97.10 96.28 912 Low. B.0 n. S.20 Detroit Edison ta '49... Diajnoad at deb. 7 H '33 bupont de N. 7Hi '31-. Itaaaeaa 1$ k. P. '49. Kne awn. lien 4s n . . . Krie prior lieo 4a 9fl . . . Erie ert. 4s, erV A 'S3. ao aenea 15 -b3. do aenea D '53 riak Rob. Co. 8a '41... Gen. Eiee. deb. a '40.. do 6a 1952. . ....... Goodyear T. B. 8 '41. do ha '31 ft.... Grand T. Canada 7 '40 Hizft Low Cloeo 96.02 96.10 95.83 95.72 97.00 96.94 95.92 95.90 100.24 100 20 100.24 100.18 100.10 1.00.10 100.24 100.22 100.22 Hi-h Ixnr I Close 96.08 85 72 97.10 97.00 96.10 95.90 Arien. Goremnvnt 5 '4 51 79 la I 79 H Kinc. of B-Uiura 7 Hi '41107 106 4 do 8 '41 1108 H 106 S do 6s 25 rhiaaea Ooat. Ry. B '51.. 4ta -itj of Boma N '45 II 10 14 City of Itrme 8, '45.... 108 Ve City of Hordeaut '34. 83 1ty of Chrtatiania 8a. '45 108 City of Lyona 6. '14 . . . 8a City of Maraeillea 6a. '34. 83 H City of Rio Janeiro 8a, '46 100 I'lty of Tokio 5a. '52.... 69 H rtty of T.nrteh 8a. '4.7... 108 Va IianMb Man. 8a B. '46. . . 107 Lnatrb liaat Ind. a 94 nominican Republic 5s, '58 88 Dom. Tan. 5 notes, .'29 98 H do H '14 97 H do 5a. '31 i 96 Krench ot 8a. '58 100 do 7H, "41 95 Imp. Japan lat 4S. '25. 67 S do i!d 4Ul, 'J3 86 do atarlin loan 4a. '31 74 K. of Iieomark 8. '45... 109 do 6 ctfa. 94H K. of Italy 6 m aer. A. '25 93 K. of Norway 8a, '40 110 K. of Mweden 6i. '39 974 Hevublic of ChU 8s, '26. 100 do 8f. '41 101 ta do 8. '46 101 RapubUc- of Cube 6a, '44.1 82 do 4 V4. '49 77 Rep. of Urunay 8a. '46 . 1104 H Ht. of Kio tirande do nil 81 99 Ht. of Uuaenaland 8a, '41.1107 i4 Sanaa GorC . '4 3 114 H HtaU of Sao I'anlo 8. 36 102 11. K. Or. Hr. A L 5V. '22 101 H do 6 4 a, "J9 109 do SVi. '37 tm TI a of B i. '41 108 II tt of Met 5s 1(443 68 II 8 of Max. line 55 63 H U S of Mex 4s, '54 48 N Y City 4 '63 104 X Y City 4a. '57 93 H RAILWaT AND M1SCELLANK0C3 BONDS 96 45 1054 62 82 1' 83 100. 94 4 98 H 97 96 100 H 95 ft 864 734 108 H 94 10914 100H 101H 100 H 99 101 H 101 14 1024 98 102. 67 "is" 79 14 106 106 97 464 10614 82 83 100 H 94 98 H P714 9614 100 95 H 8614 74 108i 914 110 ioo'H 101H 101 99 14 10714 114V4 1014 101 103 98 . 103 58 46T4 Germany Furnishing Service Headstones Aberdeen. HreUaad. Feb: 6 The rtpUna Boa fVtaa for the reduction of from to ewnta an hoar la Uia wajra of workers in the rnonnmanUI tranite trade, on of the principal tiHliiatrle hare, la that no onlera for toiabatonea a war tfialarUla are belne receired. Only stock toaibatotiea are being taannfactarad. The Aher iranlta aiarchanU failed ta induce the War lira er.mmta.10a to titt a contract for anrru-a a a toaalwtoaee and In th meanwhUa th (.ercaane bare become aarlaua competitors. It rrvortail uut American merc.hania bar pur- aed nearly 150 000 worth of hea.l,toaea from Uermany, na4 of rVamlinarlan granite. Lame X."(Uft " are geMing tombstones and en war Bwconrtaia from Germany at rate the Aber-a-wn ruttort eoviU aut meat at Uia old raU of LINCOLN MOTORS IS '. LOWER ON CURB laew Ior. rb. 6 Motor share, wnr the ieT on aba earb today, lloawe with WaKtrrn JjmnwrUori. h4 h.arT rtlnc order, la Unonln I , nr"un- wblca eaawal a sharp " ,, ""' ,wa IHxnia. irom ft tn 8 14 1 eounie waa Paen nan I, .m IK. r..i !.. fi aew of th purrhaaa by tha Tort. InUreaU .. . .V Vrtly upon Uia (ear -" "". "iin rm a raftrgwiiaxtlon of tlie ,wn,,h dra-ue offect f praai nl aharoholderv Clei.-laml u,,t. . . t ij!tn5rL0n r"u"d nurmrit pnc. and V; 7: ""r-a ' '" a fair adrauee. Kirby Patnwenea headed the ofla nn the an- rj- T. , ' "V u" Hrn' N" B ' hl been . - , caiwity of 7000 bamia per . llntUna i'o. preferred continued to reflect Xariaa 4a at ataaaaa t Lb - . I - . . . a '-vl, rairr.ia.1. larce amorintji ot . Of ahull I. ,,-.H k. llivlann C Tua recaait fsroritea were mom 1, r.ttort-J .T6. actlritr tn the ra.lio T , ' niinu 1-rrnu nnsnrg srd It J lu-r- i.7 q un B1 tK"t 1lm ''wxl Tobacco '7', M-;. nowrirer. W1a tn fair demand tr'.w!"?... .,'hl,'' ""a artT.ncl . ,..,um n-arnin. inti ijontinentaj ltuhhc it. TTTV i '"" '"T " """"n In GIco u. 7 . ,CT n,,rP "net I "rial decline. Hiamlard (hi nf Indiana waa slightly higher. VkI , " mrH' dcclaraU.w nf ha regiilar quarterly dirhlend of g 1 a nhare. . w. nioni acunir tn tha ciUea aerrlne i l a, . ...m. ..iu iirgrirr, , . a-ea, aiea,,, 1M , nrra ton was dia. naneaat ta tha bond WMlte araa m.l. wa new 4ireaS MortJim, a w . r. . '7? .T: W 'h-rrtrtion book, had beaa eloaed. AfUr a ib..Untt4 aiiranca there 7T- - icnacnry on prof it taking by Mining eharea wen Irrearnlar kfaarma w. an.!!, tceor-r. while . tnw."" 103 44 10114 6T 8614 8614 38 10114 0114 108 105 102 41 5714 87 37 38 H 10114 10 s 98 I 974 112H 111H 98t llf 110. 10714 56 78 7814 Grand Tronk of Can. 6a "36 102 G. Koruktm 7a '36 10741 G. Northern 414 61 8814 O. Bay W. deb. B 9141 U A Man. adj. inc. 5. 57 5614 H. A It. rf. 5a, Ser. A '57 784 111 Cea. (Hs '36 10814 111. Central 4 '52 784 I1L Cent, f rg. 4s '38 . . . . 85 IU. Steel deb. 414a 99 Ind. Steel 5 '52 9914 Int-Met 4 14 '66 194 Inrb-M. 4 14 T. C efts. '66 17 L B T. ref. 5 '66 6414 Int. Pop. 5 efs. '47 84 14 t Mar. U.sf.li'41.... 92 Iowa Cent, rfg. 4 51 . . . . 8314 Kan. City 80. 5. '50 85 Kan. City Bo. 1st 3a. "60. . 64 14 Kan. City Trm'l 1st 4 '60 794 Keily-Spr'gfld Tire 8a. "31 10214 Lac. Gaa of StL-lrt 5,'34 87 Lake 81ftnftM.8.deb.4a, '28 92 H LakShoreAU.8.deb.4s.'31 0014 Irrigb V. of P. .gen. 4a.. '03 79 14 Lehigh T alley 6s, '28 102 Liggett A Myers 5s. '51.. . 04 LANtini5s'40 90 h 5 5H. 101H Lovia A Art 5. '27 8114 Man. Ry Ea 4 stamped.. 63 Man Tty eon 4s tax ex '90 . 62 Mkt St Ey eon 5s. '24 82 Vi Maryland Oil 8 war. '31 89 Mez Pet 8. 36 10014 Mex Ind 4s. '52 81 Michigan StaU Tri 5s. '24 97 Mid Btiiel crt 5. 36 85 Minn 8t Leon 5s. '34 69 H Minn A 8t LooiU 81 M St PA HUM 4a. '28. 87 M. K. 4b T. lit 4s -90.. 74 V M. K. A T. series B, '90. .44 98 194 161 64 14 84 91 33 105 101 . i-.. 57 , 37 87 38 101 97 112 97 110 102 107 a 9 56 78 :?.. 98 19 16 64 84 91 33 Sales, I STOCKS lfeOO.lnU Harr. . . I High. I Low. Bid. 83 16 71 12 50 15 2 13 23 54 38 28 17 43 28 59 15 69 12 48 14 2 12 23 54 87 28 16 46 27 63 ii 114 23 31 107 114 26 12 30 9 26 'ii' 17 48 Montana and Kairka CroVwmv RATES fVrrarnwl dallr b the par-jR-nt a4 the ('ntted Xlatea National bank awuiw qpiow .iuc.it to .w ajaoiaaj oa tr, iW rawer. 4pauia( annbial rate on bank tranaactiona: tha baal af 100 nnita foreign Adams Kx col tr 4s. '48. . .1 76 Am A.r Cham 7 . '41. . . 100 do 1st crt. 5a, '28 93 Am Smlt 5a. '47 884 87 88 Am T A T ert 6. '23 111 111 111 do col tr 5 '48 96 96 96 Am Hug RefOs 98 14 98 9814 Am. T. A T. crt 4s '33 97 do 4 '86 88 88 88 Am. Writ. P. s. f. 6s '89. 82 Ann Arbor 4. '95 89 A. T. A S. F. gen. 4 i 88 88 88 do Ariaona 4. '95.... 90 do adj. 4a '95 80 80 80 At Coast Una 4a '64.. 88 AtL Coaet line 1 a. c 4. . 88 do L. A N. cl. tr 4s '52 78 AU Fruit crt. 7 '34 29 28 29 B. A O 6a "2! 96 96 96 do rf. 6 '95 78 77 77 doCTu.4'3S 75 75 75 do gold 4 '48 77 79 76 do prior lien 3 '25 . . 90 do 4a. r L. K. A V. dir. '41 74 dn3sP.J.M.diT. '23.. 88 do 4a Tol -Cm. dr '59 63 do 8 B'wn dir. '25 . . 81 Bell T. of Pa. 7s '4.1 109 108 108 Beth. Bteel 1st ext. 5s, '6 H . . .-. do p. m. 5s. '36 88 88 88 Rreden Copper Gs. '31... j 90 95 96 Brooklyn Kdiaon gen. 5s net. I) '30 107 107 107 do gen. 8s ser. B '30.. 100 100 100 do 5s '40 91 90 91 B. B. T. nf. rrt, 4 '03 . . 40 ; do 2 B. B. T. et 5t '45 85 do 7 '21 68 65 66 do 7 Tr. Co. ctfs. '21. 66 do at. '21 62 BrkJyn. V. KL 1st 5s '50. 80 79 79 Can. Northern 7s '40 110 do deb. 6s '48 109 109 109 Can, Par, deb. 4s '4 1 78 78 78 Carolina Cent. 4s '49.... 63 . . . .t Cent, of G. Ry. 6s '29.. 95 Cent Lea. gen. 5s '2 5. . . . 95 Cent. 1'ac grd 3 "89.. b0 86 86 do gUL 4s '40 83 82 82 UL K. It, N. J. 5 '87 . 105 Cairo i raaco crt 8s'31112112 112 C. A O. art. 5 4 6 85 S 85 85 do gen. 4 s '92 3 do crt 4 s '30 83 be 83 Chi. A Alton ife. Ss '49 .. 55 do 3.. '50 89 39 3 C. B. A Q. gen. 4s '58... 87 86 8T C. B. A g. it 6. '59... 107 107 107 do rfg. 5. '71 97 97 97 C. A K. I. gen 5 '81 71 70 71 Chi. Gt W. 4s '59 60 60 60 CM.AStP.oe,5 84.B '14 63 62 62 do gen. 4s '89 73 73 73 CM A StJ'.rrt4s, '32. 62 61 62 do r-a. 4s. '14 58 66 67' C. A N V. gen. 6s. '87... 100 C. A N-W. M. 4s, '87. 2S C, A N-W. 7a. '30 ...... 108 106 106 Chi. Ry. C. 6. 7 ..TT. 70 C. U, U A P. rfr. 4, '84. 7T 7i 77 C. H. L A P. 7 SI ...... 105 'ht A W. Ind. 7. '38.. 1O0 Chile Cop. crt 7s, '23 100 Chile Cop. roL tr. 6s. '33. 87 88 87 O.O.C. 8LLdrb.4i. 'SI 87 88 87 C C C A St L6a '29. . . . 96 96 96 CoL Ind 5a. '34 71 Col A Son rig 4 a. '35. . . 84 Con Ga int7s,'2 103 102 102 C C fJmrar 7. '30 77 76 77 0 0 Sue 8s 74 7 74 Cuban K B 6s. '52 77 Cuban R R7 101 101 101 IM A llconr. 5s '35.... 92 92 92 ll A It ref 4s. '43 88 38 88 ' H AH. C. ref. 5s. '53... 46 46 46 l A RO rf 6setK. . 65. 48 48 143 1 1) A H Goon 4s, '36 74 . I Uct Edl rfg6,erB.'49. 100 100 100 Indoa .. '' tJi ec , I ettag.., 4.12, rsra rranc. . . 8 39 BerllB Mafkg... 4 tnoa U t Allien, iiraohaaa 4 it t'orenhagia Kennee 20.30 f bcitumiai 1 . Kroner.. 16 63 Ftnckholaa - Knave J3.70 ll.t:eng 1 mrrenry 83 00 Jann l aa . , . 47.40 riuinehal Ta.ta . . T nS ! Canaiiiaa dollar durwnat Cahl Tranfer. 3 4.31 .40 .49 4 8 4.01 20 85 16.10 25.73 55.23 47 63 74.33 per cent, Par Tain. I 4 866 19 81) 23 81 1 . 19.30 26.70 26.70 26.70 RTIORT TERM 8FCt7lTri:a ramMMd br Clark. Kendall A Cb, a as new Tel A tj a. w 1 a Am. TeL A T.I. 6. Teh., 19l4 Aaa. TeL A Tel Aug., 1923 .Anaconda Cop. 6a, Jan.. 129 .Anavoeala Cop. 7. Jan.. 19U9 Arraewr Coat. 7. Jttiy. 1930 K-iaian o. 4. Jaa,. i25 lwi Rte.1 7a, July, 1922 HB btaal 7a, Jnly, 1923 Canadian 6. Apni, 1926 t anadiaaa ft. Oct. 1H oo. K.p. A ma, 8a. Feb.. 1022 ' "W. Kip. Aaaa. 8a, Ib.. 1923 cax r.ip. Aaaa, , Fetx, 12 ajtp. Aam 6. r. 1925 4 iMlahy Ita. 7. Jnly. 1923 laa let txt. 4, IN. 1925...... i 24 4 , Jniy, 1913 .tbwawten eil Tel. 7a, April. 1923 Kaoward OU of K. I. 7. JalL, 1931. vwift A Co. , Ol. 1926 8. Knbawr Ta. Iaaa.. 1923 V. &V Eaa. 1a Attg., 1930 100 100 111 102 99 102 96 100 100 97 96 100 102 102 103 1O0 87 86 101 108 101 100 104 BTA TTDABT) OIL STOCKS BTXICM OOiAnlo. Am. Otf . . . 8"IAUanU Lobna . . . :i,'laas ftignai Oil. SO ituo Oil ........ 95 Imperial Oil of Caa, Xn lodiaaa Pin Lino. . IO N. T. Transit 1 40 Prairie rtpw Una. . , in Standard l N. T. 4utanoara vu int.. High. 1 Low. Bid. 17 17 17 T 8 8 43 43 43 273 103 104 103 13 14 13 159 241 239 341 163 87 34 - Voter Aad Eirhaara Vew Tntk. r 6 fl N. (t) Call money n tow floa af .the New York aaark eschang as- raaa aa a per earns; ntgn. a per cent w. 6 per cent Ttaae asoney waa ateady.. Beta 'ere, 4 6 per ent The aaarket lor prune , vfeinua paper waa weeny. i t I aey ta Lawdpa today waa 9 per east. trrtin; axrhaag waa ateady, vtte lnninie la V 1 ,. . 1. . . ... . . , -r ar nasasnn . M. K. A T. 5 note '23 M. K. A T. arrlea A 2004 M. K. A T. A. 6s A 2004 M. K. A T. ref, 4s ca.2004 M. K: A T 4 14a '31 M t IT. 6s series O. '36 M. Pac, ren 4 '73; Mont P. Co. 5 Ser. A '43 Mont Tram. col. 5s '41.. Morris A Co. 4s '30. Natl Tube 5 "52 N. O.. T. A M. Inc. 5s '85 N. T. C H. B, deb. 6s '35 do coL 7s 30 do deb. 4s '42 do eon. 4s "98 N. Y. N. H. H. 6s '46. do deb. 4s Sb do 4s '57 N. Y. Ry. ref. 4s tr. co. rtfg '42 do adj. 5s '42 do dj. 5 tr. co. et '4 N. Y. State By. eon. 4 '62 N. Y. TeL deb. 6s '49. do gen. 4 s '39 do re. 6s '41 V. T. W. A B. 4 a '46.. N. Y. Ed. Ry. 6 V4a '41 . Norf. A South. 5sSr.A.'61 Norf. A West eon. 4 s, '98 Norf. A West ert. 0s. '29 N. P. prior lien 4s. 1997 N. P. gen. 3s, 2047 Ncrth, State Power 6s, 4 Nofthw. Bell Tel. Ts. 1941 Oregon 8. I,, gold 5s, 1922 Oregon S. U rfg. 4s, '28. Ore -Waah. R.S.A N.4s.'61 Tac Gas A Elec, Ba. 1942 Pac R. R. of Mo. 2d5s.'3S Packard Motor 8s. 1931.. Pan.-Ara- Peto. & Tr.7s."30 Penn. R. R. 7s, Io. l'enn. R. R. 5s, 1968. Pierce Oil 8s Penn, R. B, con. 4 '60 Penn. R. Tt, gold 6 '88 Penn. R. R. O M 4 65 Perm, R- R. gold 4'21-'41 lVre Marquette rfg. 5s '58 Philinrjin Ry. 4 s '37. Portland R. k a r. ai 43 Pub. Serrico of N. J. 5'59 Reading gtn. 4s 97. . . R. G. A W. 1st 4s '39 R. G. A W, ooL tr. 4s 4f Rt J. A G. t 1st 4s '27 St. L. 1. M. 14. gn.Bs'3l St la I. M. 8. ref.4s'29 St la S. F. pr. In. 4s A'6 St. U S. V. 3s. ser. B '50 St Li A S. F. adj 61 '55 . do inc. 6s '60 do cen. 5a '81 S. Ia 8. W. eon. 4 '32 . . S.P 4K.CS.LiHi '41 . . R. A. A A. P. lat 4s '43. S. A. I Gold eta. 4a '50. do rf. 4s '59 do adj. 5s '49 do eon. 6s '4 5 Silt. Oil crt 7 Si '25 Sharon SteW Hoop 8a '41. Porto Rican Sugar N. 1. Ron, Bell T. A T. 6s '41 8. Pactfie ert. 5s '34. . do ert. 4s. '29 do rfg. 4a '55 Son. Ry. eon 'a '94 . . . . do gen. 4s '38 do mem. dir. 5s '96. 8. O. CaL deb. 7a. '81. 3d Are. rfg. 4a. '60. . . . 3d Are. Adj. 6s. 60 Tidewtr Oil Co., 8s.'81 Too. PToda, 7s. '09 86 77 61 '81 ioo" 84 74 64 51 77 45 91 61 95 30 3 99 106 86 79 69 48 41 81 8 7 To. St L. A VT. 8s. 2! do 4a. '50 do 4a Cli. 4a, Union Pae. 6s, '28. do 1st 4 47........ do ref. 4s, 08 .. .x. . . . 1'nion Tank Car 7s. "30.. United Fuel lias 6s, '76. United Drag 8s TJ 8. Real. A Imp. 6s. '2 IT. S. Rubber 7. '30.. do Ba. '47 ........ T. 8. 8m..' B. A 64. 6s. '2 TT. 8. 8tel . (.!, '63.. CUh Power A Lt 5s, '44 Vir. Car, Chem. 6s '23.. Vir-Caro Cb. 7 '32.. Vir. Ry. 5s '23 W. Marynd is '62 W. Pacific 5s '48.; W. I'nioB real est 4 a '50 Wret'hnuM Eire. 7a '31. Wibmn A Co. ert 6a "28. Wihoo A Co. 7a '60. Wis. Central gaa. 4s '60. 66 103 91 102' 41 106 59 88 105 84 80 99 108 98 88 79 87 83 100 95 106 96 100 06 106 88 87 90 94 85 77 82 74 3 68 fiH 82 69 83 75 58 96 72 76 71 49 84 17 44 100 06 75 88 84 . 90 62 9.1 106 62 55 101 78 86 89 31 103 84 14 103 66 102 90 102 40 105 86 77 63 81 100 84 74 64 51 77 45 91 61 95 30 64 99 106 86 79 69 49 42 66 103 90 102 40 106 105 84 60 108 96 88 78 99 106 96 95 ri08 87 1 83 82" 74 94 82 68 82 74 57 06 105 84 60 i08 97 88 79 83 17 44 99 99 106 96 '95 106 87 85 82' ' 74 95 82 68 82 ,74 34 17 44 99 2700, Int Merc. Marine. 99001 do pfd. ....... looo-lnt Nickel ...... looolnt Paper 33o0,InTmcibie Oil . . ... 4200jisland Oil ...... ?00fJwel Tea ...... 10001K. Cl Southern. . . 200jK. O. South, ptd. 27oO;KeUy Springfield . 10100, Ken necott 4000iKeystaoe Tire ... '1800;Laca. Steel ..... 7 00, Lee Tire 2500iLehigb Valley . . . ..... oriliard ....... 120OjLw Theatres ...f 11 20UU A !J ....1114 14()0,Marrbuid Oil .... 23 10700 Martin A Parry... 33 500 May Storea 108 16300iMex. Pet 115 500, Miami 1 26 7300tMidd! Statea Oil.. 12 4 700'Midrale Steel I 80 6200, M. K. A T.(wi)..l 9 3400i do. ptd. (wi . .( 27 IMont Power . . 1900, Mont Ward I 14 2900.MO. Pac ........ 18 3400 do. pfd. ...... 49 M. & P. A S. 8. M, 2300iNor. Amer. 55 i 65 I.Nat. Bisouit .... 3700iNat Enamel . . . Nat Lead 700 Nerda Con. .... 19S00jNew lia ren 1600;NorfoUt AW. . . . 3400Nor. Pae. INoTa Scotia Steel. 900IN. T. Air Brake . 200;N. Y. Central . . . 400Okla Prod. ref... Ontario Sflrar lOOOtis Steel 300Pacitio Der 500, Pac. Gas A Elec 1600'Punta Allegro ... 7900iPaeifio Oil 3800 Pan-Aron, Pet. . . . 21001 do "B"..i 3500iPenn 1700iPeo. Gs 2400jl'ere Mamuette... SlOOiPure OU 700PhmirJe Pete 2400il'ieroa Arrow L600iPieree' Oil (Pitts. CU 600,Pitt. A W. V... 1100Pressed S. Car... 6600IPuHman 1500, Kay (Jons. ...... 84O0lReading 200;Rmington LOOiReeplle Steel . . 200;iiep. L AS. 1001 do pfd. 2200Rep. Motors 4 4 00' Royal Dutch Oil.. 1200Ry. Steel Spg. . . . 100Saxon Motors ... 4 8001 Sear, Roebuck .. SOOiShattuck, Aria. .. lOOjShell T. A T 7600)8incltr IStand. Oil Ind, . . 1000 do N. J (Rlosa Shef ,. 7 000 1 Son. Pacific 96001Southern Ry. ...... IBOOlatand. OH. CaL... 1600!8t L A S. F eoOiStrombeTg Carb. . . . 35100:.Htudebaker Swift A Co. "9100 Tenn Cflp. A Chem 9700(Txas Oil 8900Texa8 PSe. 33300iTex. Pacific. C A Ol 2000 'Tobacco Product. 6900 Tran. Oontl Oil 62fr0!rnion Oil Del... 1400lCnion Pacific.... 4 00 1 United - AUoy lOOifnited Drug 11800!ITnited Food Prod. 5O0'!rnitrd Fruit .... 123O0IC. 8. C. L Pipe. 400Cnion B. A P 06OOjt'nited Retail Stores 390OI1T. 8. Ind. Alcohol. 5400(11. 8. Rub. . . 200)11. 8. Rub. 1st pfr. 200IC. R. RmeJting ir.200C. 8. Steel. . . 1600 2200! 1500 '640V 100 1200 1700 200 100 300 3700 700 1300 do pfd. Utah Copper . . . Virginia Chem. . do pfd. Vanadium Steel . YiTsjidon Wabash do A pfd...-. do B pfd . . . . Welta-Fargo Western Eacific , do pfd Western Union , Westingh. E. A West Md. White Motor 42 92 j 14 18 101 7 6' : 76 2 ii" 6 64 37 47 63 47 34 71 21 35 30 15 9 24 67 118 14 74 31 30 58 84 6 51 99 64. 8 S6 20 180 41 82 1 96 22 40 93 101 11 45 80 26 64 10 20 129 28 69 5 134 8 56 44 55 99 35 87 t6 63 31 35 6 6 21 M. 800!Willys-OTerland 88 84 90 61 04 15 61 55 101 105 94 105 87 97 100 89. 85' 92 91 60 85 98 106- 8 95 76 200 1000 100 2200 2600 1400 do pfd. Wilson Packing . . . Woolworth , Worthing ton Pump W. A L. E White Oil 41 92 14 17 100 77 58 75 2 ii" " 8 64 36 46 52 46 84 70 20 35 30 15 9 24 63 116 14 73 31 80 52 84 6 50 98 62 8 36 19 179 41 81 18j 95 ' 22! 40 91 100 10 45 29 25 63 9 19 128 27 69 4 134 19 67 55 43 54 99 34 86 118 82 30 35 6 6 20 15 52 90 53 9 40 5H 27 33 152 47 7 9 13 62 90 53 8 39 5 27 32 152 46 6 9 84 15 70 12 .48 14 2 12 23 54 38 28 16 47 28 59 151 11 114 25 32 107 1115 26 12 80 9 27 68 14 18 48 65 65 132 42 91 14 18 100 78 25 68 75 2 4 Ll 8 64 37 46 52 46 34 70 21 35 30 15 9 59 24 68 116 14 73 31 30 63 84 5 50 98 I 2 I3 36 19 87 178 40 82 19 95 22 40 93 101 11 45 30 25 63 0 19 129 26 69 4 134 22 67 65 44 55 99 34. or 115 62 30 k 66 35 6 20 13 Vl 80 15 52 90 53 ,8 39 5 26 33 152 46 7 9 BUSINESS SUNSHINE St. Helens. Or Feb. . The" Mil ton Creek Losing eompAny resumed operations todaj. The logging camp hats teen shut down for the past eight months. Daring- the past 10 days a foree of section men have put the logging track m proper condition and the machinery and rigging has been put in shape for Operation. The company will employ 130 to 140 men and their daily output of loss ia 150,009 feet. The logging camp is located eight miles west of St. Hel ens and tha logging railroad brings the logs to the vulamette slough, where they are rafted. The company has a large body of timber, sufficient to insure operation for several years. SOUTHWEST m WOOLEN GOODS ARE BENEFIT BUSINESS By James R. Record Special Correspondent of Th JournaL Fort Worth, Texas, Fab. 6. Good weather, following the best rain Texas and the Southwest hare had in the last eight months, developed a real boring asell the last week and thia was fortified by bargain offered by the larger store. Tne raini&u wna-n ended what threatened to be disastrous drooth. resulted in improved senti ment in other linea also, Lrrestoek on the ranges is now in better condition. The agricul tural proapect is brighter and rood rr&ln crone are in prospect roe ending of tne packing noose strike has relic red tension in this locality, aa the contro versy resulted in considerable disorder here. IN ACTIVE DEMAND Bradford. Engiaad, Feb. . A mora active demand is manifest in th woolen market and price show a hardening tendency. Top makers and spinner her are heavily booked with ordiAs largely for foreign account CHEMICALS Chattanooga, Tenn,. Feb. 6. The Trnneaae Copper company ha mad a contract to deliver a large Quantity of sulphuric acid, by-product of th copper 1 ore, to th Standard OU pany for use in refining oil. KNITTED GOODS Cc-hoea. S. T., Feb. 6. Several knitting mill in una eecuon nave reaaeea wages about 13 per cent, but the 47-hour week is being main- taweo. no trouble nas been reported by any 01 tne nuua aiiectec MACHINERY Pittsburg. Feb. 6. A manv ax and tool workers aa the district affords can find work at th Charleston. W. Vs., plant of the American ax A Tool work a, according to tha plant mane ger. AUTOMOBILES Cleveland, Ohio, Feb. 6. The bonns system inaugurated by the White Motor company baa now been put into operation. It Is baaed on the ekill required by the operator, different operations being divided into 10 bonus claeefi oations. Rigid inspection of work must be passed to qualify the worker to receive the bonus. MILK St Louis, Feb. 6. The wholesale price of milk has been increased from 31.60 to 32 80 a hundred povjBds. This, it is inferred, will raiae the price to consumers from 8 to 10 cents a quart on. Capper. Wro . Feb. 6. The six pipe line from the Big Sand draw field to Rivrrton are now making dehreries of gaa at that place. This line ia owned by Producers' and Refiners' corporation. Tbe eorporation'i gas line from BETTER TONE NOV IN COAST TRADE fSpeeial Otneapendent of TV Journal I Ban araaetaoe. Fen. . There ta 1 tone Botseeabte ,ln the country trade alone tbe Pacific ooaa. althoueh buainaaa ia tha rural eomm unities ettll ts far (rota Bxrrtnsi gad both bank balance and loams there are at a low abb. In tbe eitiea banker and eomaanrcial mew re optimistic. They feel that user baa bean n mucn talk of depression and bard time nd that tha ta itself has beta a aepreauag fartor. Julius Kruttachnitt. chairman of the board of directors of the Sow the rn Pacific, who baa just made a trip of uwpectiow ever the lice, said today be found buMneaa on the apgrade practically everywhere and particularly 4a' Texaa, Arizona and California. The activity in real estate ha seldom be surpassed.. Real estete transfers hi the mat SO daa have exceeded the record of any 30 day since the great fire of 1906. The number of bauding permits issued in January have been Mrpeaeed only three tiaea in to history of the city. Tbe reign of automobiles tn California so far this year indicate that th tramber of ears owned and operated witiiia the state will exceed ail previoua records. TEXTILE INDUSTRY AT CRITICAL POINT refinery here aad Fair weather baa nermitted enerationa in th empjoVed as .""Tb.rit wek"aaa Cr een tne oesi 01 tne year so lar, taring business ss a whole. Union painters have voluntarily reduced their wag scales from $8 to $6 a day in the smaller cities. Thia action, they announced, was to aid In stimulating building. Collections tiara not been so good aa in December in the wholesale and retail centers of the Southwest in tb last 10 oars. Compensation for LoBgskoremea Boquiem, Wash,, Feb. 6. A bill totraduned in th lnited Stataa sen at providing for fealeraj rxmprnaatioa insurance for longshoremen anil be ct.me a saw within a month, according to ad nee received by local shipping men. Tbe bill waa in troduced by Senator Hiram Johnson of California after agitation by tha labor, orgaaixationa of Washington. Oregon and California. The su preme court, shipping men said, held that th rceasnre could not become state law, bat had to d enacted by the federal government Forplga Exchange Market New Tork, Feb. 6. (U. P.) Demaa line. 84 32. op ; franca. .0-40: lire, marks, .0040. 1 I ster- 0468; By tewaa f. Smitai Special Correspondent of The JearaaL " , ' BostoB. Feb. 6. The texjil industry ta Kr England seems be be at rather a critical point Th carpers of the mill seem determined, how ever, to keep the wheels turning at fail apesd aa long aa rosaib'-e. The eottoa axilla are finding H tnrreaiangly difficult ts meet eumpruuoa of the oathera mills. The redaetiea la wagee ia Oeaaertirut and Rhode ' Island cotton nulls has hewn followed bv alas liar acUion in the Bulla of New Hasaaahir aad Maine and employer and bur ar waiting the result of a vote by the operative ta Northern New Kncland aa te whether they will aeeept tn rcauruun woe u become effective February 13. It 1 becoming Increasingly evident that those eompaniea which will Brew the busine ia 19-1' are the once which caa cut their roars te th boa aad sail en a rloa margin of pmtu. The recent rrc announcement of toe leading wonsra and eottoa manufacturers Indioate reoognltjea of thM tact , Tha buainaaa ntaatioa- as a whole seems te be improving aaowly. Tbe railroads are carnrin aiighuy aaore goods, unraetojaent is slowly de creasing and the asanutactartng otcvut anmewbaV larger. Sentiment in bnsines and banking circle is conservatively cheerful It ia brbered that srtthin a month, when th imnetna of th spring buying begins to be felt, owasneee will be considerably improved. Aloha Company Billdlr Locplaf Road Hoquiam. Wh.. Feb- . Between three and toar miles. Including a treatie 600 feet long, bav been completed of tbe Aloha Lember eompaay logging railroad, which la being built a tap a. rich cedar diatriet worth eat of Morhps. Th trestks extends froea Uie uthrn sad ot Joe creek across th river and beneath the Northern Pacific trestle near Pacific Beech. Th road will b built a distance of approximately 1 3 mile into th interior. A crew ot about ISO snea ia being The Year Just Closed Worst in the History Of Packing Industry (By Universal Service) Chicago. Feb. 6. The Packing indnatrv anf. fered a poor year, according to the annual state ment of Morris A Oa. issued today. The report covers the year ending October 29. 1921. and snows the company s surplus for the period de creased 11.900100. Volume of sales, however, was shown to be quite satisfactory compared with tbe previous year. A dividend of one and one-third per cent waa paid on the common stock. The year jnst closed has probably been the worst rear in the history of the livestock and pacaing ousiness," said the report of Nelson Morris, chairman of the board. VTrospects for til coming year are better. Every effort is neing made to get expenses in line. Since the close of the year a new wage scale, with an annual saving of 81.500.000. has heen effwteH " tiien ireignt rates are held by Mr. Morris as great bandicaD to ' the livestock and nrfcain business, but he expresses tha hope that freight tes wiu oe reaueea. P0B.TI.Aia FIRMS OFFER GBEAT KOBTHERX BONDS A number of local investment banking houses are participants m the 830.000.000 general mortgage 5 per cent bonds of the Great Northern Railway com Dan v which ia berne of- lerea to the investing public today. Tbe bonds, which mature January 1. 19X2 are being offered at 96 and accrued interest to yield 5.75 per cent The issue has been authorised br the interstate commerce commis sion. .The funds that are derived from the sale of the" bonds will be used to retire 32.900.000 bonds which fall due this year, to pay the rail road s indebtedness to tbe railroad administra tion, to purchase new equipment and carry on uuviwiBuioui wvra. BOSTON COFPEJi SHAKES Reported by Ove check A Cooke company 88 H 84 90 61 95 105 61 65 101 31 31 102 103 91 91 84 84 102 103 105 105 "93 '94'" 104 104 87 87 Va 97 97 100 100 89 89 "02" " '92" 90 91 60 60 85 S3 i05 106" 84 85 95 95 WiLL STREET STOCK QUOTATIONS Rtperted by Overbeck A Cooke Co., Board of Trade Building galea. STOCKS 800 1300 700 100 Sioo 500, 2R00 8900 200 800 A ilama Expresa . Advance Rum . . Ogr. Chem. . . . . do pfd. . . . . . hAjax Rubber - . . Alaska Gold . . . . Aasaaa J aneaa . . Alued Chem. . .. Aids-Chalmers . . do pfd. Asa., Bt Sugar 400 Am. Bosch 3700 am. Caa Co. . . . 100 do pfd. 1300 Am. Car A Fdy. do pfd. 700 Am. Cot Oil . . . do pfd. lOOOLAm. Drug 8 rod. . zovu ouoo 12700 1100 Hide A Leath. do pfd. ., ice 17300 8000 800 400 2200 1400 200 2300 High. Low. Bid. Am. Ind. Corp. . a. Linseed . . . do pfd, Oa. Loco. do pfd. Asa. Saf. Raaor. , Am. Ship A Comre. in. Knwiur . . , do pfd. Ana. Steal Fdy., Am. Soger do lad. Am. Sumatra ..: 1200 A as. Tat A Tat SOOiAaa. Tobacco .. 4 00 -Am. Toheeeo "B" - 8100Laa. Wool 100 1 do pfd, 20OAm. W. P. pfd. ... . ...Aas. Kino. ........ 2 4 00; Anaconda ........ Uasd. OU 140,Aichiaon do pfd. 440lAa Gull A W. a... ISOOOjBaldwin Loco. .... do pfd. Balto. A Ohio ,. .. do pfd. Beth. Steel "B".. . 100 Booth Favh 1000;B. B. T. ........ 100 Bttte a A ...... 340wButte A Sup. 4 00. Burn Bros, ...... 900 Caddo Oil .. ...... 700 L Paekinc 4300iCaL Pet . . ..( da pfd. tSOOiCanediaa Pan. 70O0iOea. l eather 400jCerro da faaeo .. . . 54 14 1 33 15 39 46 36 37 88 148 20 'i" 13 67 93 43 32 110 9 46 00 S3 66 94 20 118 136 132 88 100 8600 5 OO 6700 64 14 33 15 68 43 38 86 81 146 30 6 1 66 93 43 S3 107 8 46 00 32 66 04 18 11S 136 132 66 37 49 9T 28 104 83 63 3 li 38 117 11 71 49 126 33 84 27 48 v. . 7 101 Si 2 11 4 27 14 116 11 70 48 . 1. 125 81 83 64 14 88 j 56 15 88 45 92 86 86 87 06 147 116 80 42 5 14 67 32 68' 108 113 4 8 46 00 82 68 93 28 118 136 132 68 104 27 13 48 98 6 IS 102 105 34 68 42 6 17k. 11T 11 70 48 83 123 33 33 Balea. STOCKS 1200 200 3400 10500 IOO 10300 7500 100 1001 4600 00 8700iChandlar Motor .. 11700tCht A J-W Chicago Gt W... v do pfd. Chile Coa lsooicnino 140010. M. St, P...... 1600 do pfd. ZOOOjCoco Cola 800 a A O 600Cola, r. A I 8 00 Colo. Southern 30OO1COL Gas. A IT... 8 00 (Columbia Graph... 300 Coo. Gaa lOOiCon. Cigar bou oo pfd. aoOlCon. Can Cities Ser. Bankers. Cora Prod. . . de pfd. Coadan Oil C B. I A r do "A" pfd do -B" pfd Crucibl 'da of A ....... 1000, Cub Cane 1500) do pfd. ... 700rCubn Am. Sngar. . SOOiDel. A Hudson... . SOO .Doma latinea . . . , 200 D.L A Lack..... ?400iDavisoa Chem.... IlOOiEadicott Johnson. 640tSrie 600 do 1st pfd 1200 Erne. 8 tor. Bat, ... 8 3 00 .Famous Flayer... Fed. hf. A Saett.. do pfd. Ftak Tire KsBetoa Wma. .... Gea. Ciajara. ..... SlOOHJeev, Uee. ...... 13000;Ga. Motor ..... 1500iGlea AMea 25800 Gea. Ajtaaalt .... 1100 Goodrich .....Goodyear ....... .. . Oraahy Gt her. Ore.... do pfd. Creese Cananea. , Gulf 8. 'Steel.. t. 2800HoMoa Od ..... , ItiOOjHupp Motor ... . iu.- vwnx.- . ... rsspiraooa ...... lat Aarr. Catxa. C. 100! do pfd. , 290O!bterbore ....... 1 6O0l ' do frfd. - 100,lnterstate Callahaa 700 1200 40O 1400 10s) 9160 6M 60s) High. I tare. Bid. f 64 63 63 66 64 66 ! 6 6 6 16 .16 16 17 16 16 i 27 26 26 32 32 32 82 32 32 44 44 44 56 56 56 27 26 26 40 39 89 70 69 69 2 2 2 91 91 90 25 60 59 68 66 56 55 19 19 19 105 103 103 114 85 S3 85 33 32 33 83 88 88 74 74 74 63 62 62 82 82 82 10 , 9 24 23 23 19 18 18 111 110 110 23 23 23 113 118 112 82 60 61 82 81 81 10 9 14 13 14 144 143 144 . 81 79 79 88 18 12 12 . 60 68 68 . 147 146 146 9 9 9 . 46 45 45 . 62 60 62 . 37 86 36 10 . 27 . 85 34 84 . 74 73 74 . 27 27 26 . 74 72 72 . 77 75 75 .14 13 14 , 101 100 101 . 38 38 38 . 1 r r r r r mi: l : 8 S 8 LID BANK BONDS 1 ARE NOW OTTERED a. country-wide group of investment bouses. institutiona and dealers, headed by Ale Brown A Sons of Baltimore, the Harris Trust A Savings bank. Brown Bros. A Co Lee Hicrinaon A Co. the National City company and the Guaranty aompany of New York, is offering today for Public subscription 6 new issue of 175.000.000 10-20 year federal land bank 5 per cent bonds at a price of 102 t and Interest. The bond, are dated November 1. 1921. are not redeem able before November 1. 1931. and fnatnr November 1. 1941. At th offering price the I yield is about 4.70 per cent to the redeemable date, 1931, and 5 per cent thereafter to re demption or mataritv. The bonds are redeem able at par and interest at any time after 1 0 years from She date of issue. Tbe United States government owns more than $5,500,000 of the capital atoek of the hanks and the treasury has purchased more than $183,000,000 of the fed eral land bank bonds. Figure made public in connection with th. new flotation show that in tbe three and one half years ol actite operation the 12 federal land I banks have grown until at the end of 1921 their capitals was 628,707,170; reserve. $1,690.- 000; undivided profits. $2,490,108. - and total assets $473,790,410. All of the 12 banks are bow on a dividend-paying basis and every bank shows a surplus earned from ita profits. The conservatism of appraiaala made for the federal land banks is indicated by the fact that during the year ended November SO. 1921. 4725 farms against which the banks had made wans totaling jesa uian sia.uou.ouo rere actually sold lor more than $45,000,000. The supreme court of the United States has decided that the federal land banks were legally created aa part ot the banking system of the United Statea and that the bonds Issued by the banks are instrumentalities of tbe United States gov ernment and are exempt from federal, state, municipal and local taxation. The bonds are is sued in coupon and registered form, interchange able in denominations of $10,000. $5000. $1000, $500, $100 And $40. Bid. 9 50 62 20 28 2 Aria e. . . Adventure, Ahmeek. . Algomah. Aliouez . . . Arcadian. . Bing. Mas. 13 Bal&kalia. 6ax Oil A Art 59 C. A H.279 New Corn 18 Centennial 1 2 Cop. Rce. 44 D. Dly.. 8 Daly W . . 2 East Butte 1 1 Fk. Ming. 1 Hancock. . Helvetia. . Indiana. . Island Cr. Keewanaw Kerr L. Lake Cop. 2 La Salle . 1 Michigan. 2 Mass Coo. 2 Ask 9 55 64 50 29 3 13 'so 280 IS HI 13 44! Mohawk . May O C .Maaon V. N. Butte Nipissing. O. D. C. Onejola M. Obijawa . yuan. Mn 43 Isle Royal 25 8. Uke 46 U. S M. 38 do pfd 25 Bid. 57 3 1 12 6 25 30 2 2' 1 40 86 1 3 9 IS. Utah 3 28up. Cop 2 11 Tr. Cop. 2 2 Tuolumne 63 2 Utah Met 1 2 Utah C.. 1 50 U. S. Mia 34 80 do pfd 42 1 CUh An. 2 3 Ventura,.. 22 2 I Victoria. 2 2 Winona.. 40 2 I Wolverine 11 2 ' Ask 58 4 1 12. 6 14 26 35 2 44 26 47 38 25 5 3 2 65 1 2 35 43 8 22 2 60 HH been connected up with the with all wells along the line. COAL Cumberland. Md.. Feb. 6. The Paris Coal A Coke company has posted a notice to employ that all mines with the exception of one or two iXill remain closed indefinitely. COPPER Doners. Aria.. Feb. 6. Tha Phelps-Dodge corporation has put three copper fumanaa into operation at the Copper Queen smelter. The Calumet A Arizona emelter is arranging to blow In ita one Iter February 15. COFFER Kansas City. Feb. 6. This eity is rapidly be coming a treat center for dUtributioa of rrvted coffee. Green coffee receipts now are tnree times as large aa they were three years ago. Despite price fluctuation. 1921 waa a record year, the daily receipts averaging 100.000 pounds. H it 11 ty Manchester England. Feb. 6. Trade in cot ton goods has shown no real improvement here. Business in both yarn ahd cloth shows a weak ening of prices. UKI titMJl St Toms Teh. 6. The public in demanding cheap and useful goods and merchants are clean ing up odds and ends ol stocxs at Darsain prices. Bargain sales are well patronized. STEEL TorkvOle. Ohio. Feb. 6. It Is expected thst th. local nlant nf tha Whrslin Steel A Iron company, idle since last June 30 because the ; etanpauy refused to sign a union scale, will re- , an me tomorrow. 1 ne plant employ iomm - The company is preparing to neeue men 10 m plant. TUHAUt u Th;itenh;a Feh. 6. Some chrar manufac turers have reduced wages in their factories in the neighborhood of 10 per cent The tendency is to rve smokers a better cigar lor less ussirj, aa competition j. keen. Equipment on area The street continued very bullish on the equip ment stocks, particularly BSJQwm uwnwuio. Tbe leading broker' letters sent out this morn . , . . a ... . . . , , , i . i mg were ireaictmg mwKirj "i. 1 -- the near future. There wss nothing, however, to . add to last week's informauon, that the present campaign in the stock is based upon the forthcoming annual repon wmoi ib nected to show earnings of over $20 a share. with the $30,000,000 item of bank loans at the close of 1920 hear, U not quite, enminaa-u. American Locomotive, American Car A Foundry and New Tork Airbrake were all talked of. but as followers of the Baldwin move, rather than co-leaders. Pullman company's stock continued its recent advance, although tbe movernent was apparently exaggerated by the driving at a stub born short interest. International mercantile Marine International Mercantile preferred got across 70 today for the first time in months. The situation in Marine has been gradually inrpvov ing aad officials of tbe company now report that the corner hss been sharply tnrned. During the time that traffic has been quiet since the end of the war the company lias gone right along adding to its tonnage and this will pass th 500.000 figure in May, when .ever new ship will be commissioned. Of this 500.0(10 tons. 330.000 tons will be under tne v nite rstar flag and the remainder under those of the Red Star, Leyland and American lines. Officials nf the company are looking for the coming summer to be a record one for ocean travel fro in America. The earnings of the company last year were much better than anyone was led to suspect, ac cording to those in a position to know. DRY GOODS TRADE OF LARGER VOLUME Phone Improvements to jCost $2, 690 Hoquiam. Wash.. Feb. 6. More than 100, 000 feet of cable and wire are being installed by tne i acute telepnone A 'telegraph company in Hoquiam in connection with its nation -wide pro gram ot extension ana expansion. w bra ' com pleted the work in Hoquiam will have cost ap- proximateb $25,000. Thirty expert telephone workmen, under F. G. King, are employed on the rioquiam project NEW INCORPORATIONS Salem, Or., Feb, 6. Capitalized s aauu.uuu, uie luas a'ans isu tjo., wiut headquarters in Portland, filed articles of incorporation with the state corpora tion department here Saturday. The in corporators are W. W; Boacow, It. C. Ilartmmf f and J. R. Alcock. Other cor porations filed "articles &s follows : Capital Ice and Cold Storage Co.. Salem, $75.000 : Louis Lacamund, li. A. Talbot and John H. McNary. Guaranty Investment- Co.. Portland, 325,000; Anthon Kckern, LRoy D. Wal ker and S. J. Graham. Gus LueUwitz Lumber Co., Portland, $25,000; Gus Luellwits, R. E. Williams and Frank H. Hilton. A certificate filed by the Murphy Timber Co., Portland, shows an increase in captial stock from $300,000 to $600,000. (New Tork Bureau- of The Journal) New York, Feb. 6. (Drygoodii) Tb vol ume of trad ia dry good was larger today but uncertainty as to th labor situation still was a noticeable factor. Baying waa generally -for im mediate requiremeuts in gray goods. Print cloth prices were about unchanged for the more popu lar constructions bnt holders showed no dispo sition to make concessions. Bag masufaeturen were in the market for 40 square 3.50 yard sheetings. Goods of this character for nearby delivery were said to be scarce. Some brown sheetings were bought for export There waf also soma small buying in wash fabrics. There was a firmer tendency in manufactured silk goods, reflecting th strength in raw silky .her and in Yokohama and Canton, but prices hsve not advanced materially in the finished product. More workmen were taken oa ia Paterson today, however, at some mills. Before You SeU Any Securities It will pay you to confer with us. We are alway in the market for high-grade bonds, Government, Municipal or Corpora tion, and because of our connections in Eastern financial centers we are in a position tb give you the highest price that the market will bear. If you want to exchange your bonds for some other investment, or if you want immediate cash for them, you will be pleased with the service, ' that we are equipped to give you. This bank "has served successful investors for sixty-three years. Sooner or later you will realise the many advantages that come with handling your investments through a firmly established institution of high standing. You will find our service prompt, efficient and courteous. boko DErummrr open 8:so to sko SAtHrlary SiSO t 2rOO Oldest to th Northwest WASHINGTON 4 THIRD I IxbbbbTI Baaaaaaaalsweaajf IIHIP w M 811 mwmWVmmnmi 1 Liii i III T"n HT l r run r in nmiiiiiinin i i i i T,im ALLEN BROS. CO., BROKERS Buy immediately Mexican Petroleum. Baldwin Locomotive, Crucible Steel, Miami Copper and other. Listed Stocks; prompt service, prompt set tlements. Ten shares up accepted On $3 and $5 margin per share. 7.95 for 20 years and if redeemed earlier, yielding up to 8.75 to accord with date redeemed. Non-callable for ten years at 105. Principal arrdinterest payable in U. S. gold coin. Department of the Seine 2CVyear 7s at dOyi offer you a prime investment. Denominations $500 and $1000. Call, phone or write. Wire orders "collect Use our Partial Payment Plan Freeman, Smith & Camp Co. LUMBCIUICNS BtDO loarraja ! , inmi vPffTlliv" mom 1 vKVUI 1' i fr B WAT ItARI --iMi ,744) 230 Cham, of Comm. Bids;. 811.16 Printing For Every Purpose EW-Baltes & Company P-l-a. FIRST AHDOAJC A 1U11U3 I Bwv.7145 vfilleS HBMIHUM1BBSB1HS Stocks, Borada, Cot, Grain. Eu. 316-317 Board of Trad Boildigtf ' Overbeck&CookeCo. DIRECT PRIVATE WIRES T9 A1JL EXCHANGES - rxaaera Chleatw Board f Trad OrrerpeadaaU ol laaraa a Bryaa Caicaf-a Sow Tory T IS a noteworthy fact that the more experienced a man gets in financial endea vor, the more he invests in GOOD bonds. At the present time investors who study conditions, are buying bonds heavily because they realize the rapid ity with which these fine securities are ad vancing to permanent higher levels. County Bonds of Oregon and Washington Income Tax Exempt Maturity Adams County, Wash., 6s t 1923 Gilliam County ,Qr., 5$s 1942 Morrow County, Or., 5s 1929 Pacific County, Wash., 5$s 1924-40 Skamania County, Wash., 5j4s 1935 Union County, Or., 5s 1927-3G Wallowa County Or., 5s... 1932-34 Whatcom County, Wash., 6s 1923 Yield 5.10 5H 5.10 5.00 5.00 . 5.10 PORTlaAND, OR., IMP. 6s Dt4 1931 PRICE TO YIELD 5 wLTjjb BROADWAY AND . OAK