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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Feb. 7, 1922)
t 14 'I THE OREGON DAILY JOURNAL. PORTLAND, : OREGON. : TUESDAY, FEBRUARY . 7. 192fi WHEAT AND STERLING : ADVANCES HAVE . EFFECT UPON STOCK MARKET RISE STOCK LIST HAS CONTINUED RISE NEW YORK BOND TRANSACTIONS ' ' !! "Kepoate4 by The Joomala Waa Street Bureau., : . ' ! . K'i Monday! QUUom . J , " Sales. 1 STOCKS a. f tuart (Wn Stmt Bareaa at The loarotl) New Tort. Feb. 7. There w no sims te the Murk xaarktt of ear Hup Id the campaign for hJarber prtne vhirh bern U the but week of January. Via? of the leaders of the list made aevj hi;ha, not only tor the current movement bat for the entire recovery of the last six month. Sim ilarly, after yesterday's Aiiaht cheek, the ad vanee waa streamed m sterling exehanie and externled to fraoo and lre aa well. The wheat market, which Tor oblon reasons. x the ernur of the ut most Interest. con tinued Tiaoroua with it recovery. There we a definite connection between these three featnre movemmt of the day. The significance ol the ailvence in ntfrluif I rum arutmd S4.2U to ahmt 14 ii within lc than a month. Is. tint, that ' . rtm t ttnlain ha bent Increasingly sne rewful in reducing hrr obiiaaUmu in the foreign tilde, and, second, that the economic reeovey of Earnfi dure the tint of the year haa be come more poiwely d-'finwl. A Uie grain trade a rut the securities market nsd thi movement, it point rlrarly to a large Knean demand for American staple and mrrnandie and to a consequent gradual re vitl In our export. The bond markrt a atranger. with United kingdom iwmr keeping pare with the new high for sttrjing by themselves making a new high. The rr.inery In Liberty bond wa directly due ti the final di-ciaion at yesterday's White House cnftr.nre tliat the soldier oonus muitt be rained witltotit reroiire to a ne government loan. This a-Miratire ws alo a relief to the market for cor Iwrate Lin a well, for the fear of competition trtire a hniri emiin of suklier kHihiu bond hail been a rcj'rpwive influence for over a fortjiighL The fitroriibie rvai'tion upon the entire busi ne situation of the jreent advance in grain price U. of foiire. 'l:n enoui:ii. The only oualifi'htiim of uh a reaction would be the nece-Nitv of orelng llie return of more profita ble nnre of wheat Tliat in what happened in the eeie of cotton laxt year. A matters iitand now, elate the increased attractiveness of the American market' to foreign buyer,, since their currenf ie hare a-wumed a greater dollar Talue tia been tlie chief constructive factor, the grain traile h alo been powerfHlly influenced by the very poor trt of the 1922 faH sown crop and the indications tliat the abandoned area will be unti'ually lanre. The ramimign for higher price, waa main tamed throughout fully two third of the stock market euon today. Many of the upecula tire leader made new progrew. Midway through I he afternoim. however, operation for the rue began to nlow. up and in the laat hour profit- taking were rather trrnig. These realizing gales ranted the market off so that In many in stances then were net lowea for the day. Wall Street, : Sew York, FW 7 Tkc ott Important fact 1 the boaf map kct today were tke flnaBetg of Liberty loaaa, (till klker fricet for Uatted Klaa; don lamee adfk eoarerted adraaee of Erie railroad fcoadft. These reflected eltker favorable ; oatalde dcTelopraeata, or, at la the case of the Erie sltaatlon, a satisfactory roatpaay report for tke year Jast past. New Tork. Feb. T.- Total aaJes of bondf on the stork exebance today wen fL5.822.O0O. against I14.109.00O yesterday, tl3.138,0OO a week ago. $.41,000 a year xo and 13,7t7, 000 two year, ago. Fsom January 1 to date. $502, 970. 00 against $379,004,000 a Tear ago and $478,627,000 two years ago. Following i a complete list of bond sales to day. The high, low and closing prices ant siren: LIBEBTT BONDS . Mature. High. Liberty 3HS....32-4T 5.8U Liberty Stos reg.S2-4T S3. 06 Liberty l.t 4s... 32-4 7 18.04 Libert 2d 4s... 27-42 95.00 Liberty 1st 4 14S.32-47 96.30 do reg 32-47 93. 90 Uberty 2d 4 27-42 9S 14 du reg 27-4i ,08 Liberty 3d 4 s. 1928 97 2 do reg 1928 97. 1 6 Liberty 4th 4 s.l38 9U.30 Victory 4s reg. 22 23 100.18 Victory S fas... .22-23 100 24 do re. 22 28 100.01 FOREIGN GOVERNMENT I Hiirh I King, of Belgium 7 K '431107 no Ka, 141 108 V, do 0s. 1925 ..... 9Si rhinene ;ort. Ry. 8s, 1951) 47 Pity of Berne 8s, 1945 . . . ll City of Bordeaux 6. 1984 82 C. of Copenhagen 6 a, '44 8S nty or Chnstiaoia 8s. '45:108 V, City of Lyons 6s. 1934. . . S3 City of Maraeillce'6,,- 1934 82 vs City Rio de Janeiro 8s, '48 100 i. City of Zurich 8s, 1945.. 1109 Iianiah Mun. tss, ser. A,. 48i do aer. B, 194 8 Dutch E. 1. 6s . . I Dom. of Canada 5 Wji 1929 do fts, 128 . . . 4. . . . do 5s, 1931 . . . 7: . . French Gort 8a. 195. . . Imp. Japan 1st 4 1925 do 2d 4 J925i do sterling loan 4s, 1931 King, of Ien. 8s, 1945. . do Ct, , 1925 King, of Norway 8s. 1940 King, of Kweden 8s. 1939 Itep. of Chile 8s, 1928. . do 8s,. 1941 do 8s, 1946 Rep. of Cuba 5s 1949.. do 4 Ss, 1949 State of Rio G. do SuX 8, . tat of yueenland 8s, '41 8wii Gort 8s, 1945... I'.K.of Gr.B.ft l.SVis, '22 do 5 s, 1929 .... do 5 tos. 1937 . Dett. of Seine 7. LT. 8. oL JiM.il 8 . H of ilex. 5, C. S. Mex. large V. 8. of Mex. 4s Low. 95.16 Close, 95 16 LO.HINfJ OF HTRK.AMS MEAN IIEAVT LOSH TO FISHERMEN Itoquiam, Wuh , Feb. 7. Fishermen who hare been fishing at the mouths of streams flowing into Graya Harbor aay they will suffer heavy financial lose by the closing of these streams by the state fisheries department The kwa to one fisherman alone, who haa been fish Mng in the Humptulipa rirer, will be nearly $2000 a year, he stated. The Humptulipa has been used by fishermen for a distance of approximately a half mile from the mouth. Thie fishing ground is closed b the new order of the fLihiug bureau. 90.00 96.20 ' 96 02 96 00 97.00 98.98 98.14 100 00 100.20 96. C. C C & St. U 6 '29. CoL Gaa Flee. 5s 87 . . Cos. Gas at Elec Stp. 5s '41 Consol. Gaa tn 7a '25 . . Cuba Cane Swsar 7s crt-'SOi Cuban Kailroad 5s '52. . . Cub. B. E, 7to . '. Cum. Tel. i Tel 5a '87. DeL tt Hud. en. 5s "85 . UeL eV Hud. ref. 4s '43. D. i B, G. 4 to a '36. .. IX 4k B. G. rfg. 5, 55 . . D. at R. G. ref. 5s rtfs. '55 K. u. eon. 4s '86 I tet. Ediaon rfg. 6s 8. B 40 Higb Dow Close 974 89 S S9 103 to 77 79 to 101 to 88 i, 92 88 to 77 to 45 to 42to 74 to 100 to 101 101 to 97 97 to iflS" io3to 77 to 774 45 73 W lOOto 107 to 103 to 45 96 06 96.00 97 16 97.16 96 28 100.04 100.20 BONDS Low I Close 106 to 1107 106 1106 to 98 46 to 108 to 82 to 87to 108 82 to 82 to ioo to 108 107 to 98 to 47 109 82 to 88 108 to 83 82 7, ioo to 109 107 to '42. i '41. 4 5 . 5s '. '54 . I'. S. Mev. Im. 4 to 107to 107 94 4 94 to 94 to 9S 98to 98to 97toi 97to 97to Wo 101 lOOtollOl 88 87 to 87" ca t, 1 1 74 73to 73T4 109 108to108to 94 94 to 94 to 110 109 10to 97 to 96T: 97 to UK) to 102 101 to 1102 Kioto 100 to 100 to 82 7S 77 to 78 99 to 99 to 99 to 107toil0tito!107 ;114to 114 U4to ;io2to i 104 103to103to I 98 to I i 90 to i 90toi 90 to !103 '102 to 1103 to I 5H-tol i. . . . I 58 to' i I 47 to I 46 46 ! 32 I 31 to-i 32 rue. Match deb. 7toa '35.(108 I nip. de Nemours 7tos '31 104 II. U a Power 6s '49. . Erie gen lien 4 '96 .... Erie prior ben 4s '96.. Erie crt 4a, Series A '53 do Series B '53 do Series D '53. Fik Rubber Co. 8s '41 ... 101 to 101101 to uen. r.lectnc deb 5s 52. . 9741-. . Gy. Tire & Rub. Co. 8s '411112 to 1112 do 8a '31 j 98 87 tiro. Trunk of Can. 6s. '3610241102 Great Northern 7s. '36.. 108 F106 Gt North. 5s. 1952 1 97 to 96 Haiasa fclec. 5s, 195: H. et if. ref. 5s. ser. A, '571 78 to 78 do adj. inc. 5s, '57.... I 57 56 I1L Cent 5tos, 1934 98 to 98 to oo rtg. 4s. 58 85 to 85 to do 4s. 1853 78to 78 to 111. Steel deb. to" 1940 luterb.-Metrop. 4to. 1856 do 4tos, Tr. Co. cta.,'56 Int Rpd. Tr. ref. 5s. '60 tat. Mer. Mar. a f. 6s, '41 Iowa Central rfg. 4s, 1951 it. S. South. 5.s 150. .-. do 1st 3s '50 K. C. Term. 1st 4s '60 KeUy-Spgfld Tire 8s '3 1 . . :103 to 1102 to Lack. Steel 5s '23 98 98 S do 5s '50 84 83 to I IjAC. oas t-L,. 1st OS 34 88 I 8,7 to S. ft: M 8. deb. 4s 28. j Long Llajid deb. 5s '37.. LxTriL Co. 5s '51 j L. & N. unified 4s '40 . . U &. N. 5tos Man. By Coors Man. Ry. Con. 4 s tx. ex.-'90 Mox. Pet 8s '36 Midr. Steel cit. 5s '36.. M. S. P. & S. S. M. 5s '38 . M. 5 P. A S. S. M. 6 to '31 M. K. & T. 1st 4s 90.. I 74 74 to M. Js.. & T. 2d 4s ctfs. '90 M. K. & T. 6s note, '23 M. K. 4 T. Series A . . . M. K. & T. adg. 5s Ser. A M K. & T. 6 Series C.' aio. Pacific 5s 65,.... Moht P er C. 5s S. A..'43 Nat- R ys. of Mex. 4 tos 57 -N. O., T. A M. inc. 5s '35 N. T. C. A H. R. deb. 6s '35 do rfg. A imp. 4 tos 13, do col. 7s '30 do db. 4s '42 do con. 4s '98 do 3 to s do 4s 57 57 to 57 to 112 to 97. 102 106 96 18 16to 64 to 92to 33 85 64 to ios 98 84 88 76tol 76to 89 to I 89 to 63 Til 63 to A.NU M18CKLLANEOC8 BONDS Am. Art. Chem. 7 tos '4 1 II 00 4 11 OOsk, fi nn st OSE.MAN CAB SYSTEM MAKES MONEY FOR STREETCAR L15E8 Boston. Feb. 7. The one-man car is" credited with a large sating in the operation of the Kant em Maaeachtuetta Street Railway company, the largest trolley system in the world, which oper ate about 800 miles of line. The company In 1U22 showed a balance nn the right side of the .ledger of $892,000. after bond interest had 'been paid. This curnparce with a deficit of $660,000 in 1920. The one-man car tysti-m waa largely used lant year. Am. Tel. A Tel. crt, 6s '28;1U Am. nug net. Bs . . . . Am. T. A T. col. 4s, '20 At T. A 8. F. gen. 4s. '95 At T. A S. F. crt 4s, 'Do At T. A 8. F. adj. 4j, '05 At. C. L. 1st con. 4s. "52. ACL. LAN col.'tr. 4s, '52 At Fruit crt. 7s, '34 . . Bait A Ohio 6s, 1929 Bait A Ohio crt 4 tos '33 Bait A Ohio gold 4s '48 U M-l i: .. . . . . Jnor lien o Sj S, 20 B AD. 4s, T. A C. dir., '59 u. a tos, S n dir.. '25 Bell Tel. of Pa. 7s, '45. . Beth. Steel 1st ext. 5s '26. do ref. 5s '42 do p. m. 5s '36 ' Brooklyn Ediaon gen. 6s ser. a '80 Ex-Bar to Display Prod oris Horn lam. Wash., Feb. 7. The expetuire ami luxuriant fixture of the former Grsyport hotel bsr, which in former days waa widely re puted a on nf the finest liquor dispenaariee in the Northwest, will be used aa a permanent harkgrrmnd for "Washington made" product. Joaiah O. Steams, owner of the ex bar fixtures, mtuented to let tlie Hoqutam Commercial club ne them for a display of Washington gnodv The fixture, ro,t $10 Oitfl n the wet dan. when bar future were cheaper' than at present Aiatea Mill Chanaret IIaad$ Alalea. Feb. 7. The well known sawmill of Mamard A Jenk, has changed Tiand. Mr. May nard selling out his one-half- interest to Mr. Jens. Tlie mill is located near Aaalea. Or., and employs 80 men. Mr. Maynard will remove to Rosrbiirg and Isetr to the East He is sn old sawmill man, hating been in the mill busl snea for a numberof years. lee Harvested From Rlxer 7 Three cutting i olfsx, Wash., Feb. 7 Three cutting of lw hsve bean harvested from the Palouse river in t olfs The first, in Dec-ember, wa 8 tnrhe tbn-k, anil the last a few days ano, 14 inches. The lowest temperature via 27 below aern in the middle of January. The snow is about .n inches deep. Record Travel to Eempe Expected iora, reo. i. nmppirut men expect a record travel from the I'nited NUtes to Europe flu, slicing. Many com peine are preparing ae- inmmHlaUona fr In excesa of previous facilities. Home aJuht reduction in fares may be poa sible. but any railical cut Is not anticipated. Why Portland's Credit Is Excellent The reason why bonds is sued by Portland, Ore., are always in demand is because the city is one of America's fastest growing and wealthi est communities. Do you know of a safer, bet ter investment for your funds than the bonds of this splen did city? 6 PORTLAND, ORE. Imp. BondsDue 1931 To Yield 5 LUMBEIiMBNS Broadway and Oak 118 to i 98 ! I 8Sto 87 88to 79 81 to 88 87to 78. 77 to 29 96 96 to 79 78 to 76 75 '4 77 76 4 63 87 . : . . . 109 108 95 to 93 to 93 to 89 88 9S to 88 to 87 to 77to '96 79 75 70 64 ioss 93 to 88 '41 . 100 91 I 40to 37 to 66 to 64 62 to 80 90 89 no to 111!! 78 to 96 95 91 to 42 83 do 5s '40 Brookljn Rap. Tr, ref. cvt 4s 02 ........ . do 5s '4 5 do 7s '21 . . ; do 7s Tr. Co. ctfs. '21 . . do 7s Tr. Co. ctfs. st' oi Brklyn. Vn. EL 1st 5, '50 Buff., K. A Puts. 4 , '57 Cal. Ga, A Elec. 5s stamp. Canadian Northern 7a '40. On deh AUi 'in Can. l'ac. deb. 4s '41 Cent of Ga. Ry. 1st 5s. . . do 6s '29 Cent of Ga. Ry. c 5s '4 5 lent. I.ea. gen. 5s '25 ent lie aid. 4s -40 Cerro de Pasco cvt 8s '31 !l 12 to Che. A Ohio crt. 5s '46 85 ii . . ... - Oct. ti., gen. 4 tos "2 Chee A- k .t u. . oo' Chic. A Alton rfg. 8s '49 Chic. A Alton 8 to '50. . Chi. Bur. A Q. gen. 4s '58 C. B. A Q. Reo 5s '11 . . . C. H. A U. iolut 6 to, 58 A E. I. Ml. 5s '57 . . . Chi. A Or. Western 4 '59 Thi . Ind.. Lv. 5s '47. . . C M A St P cvt Ks s B 14 do cvt. 4 tos '32 do rfg. 4 '14 do 4s '25 do 3 to s. er. B '8! C. A N-V. gen. 5s '87 . do ext 4s '26 Chi. Rys. Co. 5s '27. C. R. 1. A P. gen. 4s '88.. do rfg. 4s '34 Chi. I n. Sta. 6 to 68.. . Chi. A W. Ind. 7 tos '35. do 4, '52 Chile Copt coL tr. 6s "32 . 83 to 83 55 39 86 97 107 71 fit 90 63 62 57 71 64 to 101 82 7H 82 77 to 112 to 100 72 87 I I 40 to I 40 63V4 90 110 78' 83 112 85 83 97 106 71 60 90 62 61 56 70 i 00 to 82 77 71 87 65 to 90 110 78' 83 112 85 83 to 97 106 71 61 90 62 62 57 U 71 ioi' ' 82 77 71 to 87 N. y. Gas El. L. H. A Co., purm. 4s '4 9 .. N.Y.N. H. A H.c. 3 to 9 '56 do 6s '46 do deb. 4s '56 do 4s '57 . . N. Y. Kys. ref. 4s '4 2 do ref. 4s to. co. ctfs '42 do adj. 5s '4 2 N. Y. Tel. deb. 6s '4 9.. do gem. .tos '39 ... do ref. 6s '41 N Y. W. A B. 4 s '46 N. Y. Ed. ref. 6 s '41. N AW 4s Pc CAC div.' N. P. prior lien 4s '97 N. States Pow. 1st 5s "41. N W. Bell Tel. 7s '41. . . O. A C. 1st 5s '27 Ore. 8. L. 1st, 5s do rfg. 4s '28 Pacific G. A E.. 5s '42. . . Pacific Tel. A TeL 5s '37 Packard Motor 8s '31.... Penn R. H, 7a '30 Pa. R. R con. 4 s "60 . . do gold 6 to s "36 do G. M. 4 tos '65 Peoria A East'n inc. 4s '90, Pere Marquette 4s '56 . Port. R. L. A P. 5s '4 do 7 tos Rio GT. A W. 1st 4s '39 R. M. Ark. & L 4 to '34 St L. Irjn Mt A S. R. A div. 4s '33 St. L. A San Fran. pr. lien 4s ser. A '60 do 5s ser. B '50. . StL.AS.F.gen.6s,ser.C, '28 8. L. A S. F. adj. 6s. '55 St L. A 8. F. inc. 6s, '60 St. L Southw. term 5. '5 Seabd. Air Line rfg. 4s. '49 Seabd. Air Line con. 6s, '45 Sinclair Oil cvt. 7 to s. '25 Sharon Steel Hood 8s. '41 S. P. Rican Rug. M. J. '75 Southern Pac. en. 5s, '34. Southern Pac. crt 4s, '29. southern pac. ng. 4s, iio Southern Ry. con. 5s, '94 . Southern Ry. gen. 4s. 56. Southern Ry. Ger. 6 to s. . . StdOU of Cal. deb. 7 s, '31 Third Ave. rfg. 4s, '60 do sdj. 5s, '60. . . . Tri. Cty. Ry. A Lt 5s, '23 Union Pacific 6s. 1928.. do 1st 4s, 1047. do cvt. 4s, 1927. . . . United Dairy 8s . L'nit States Rub. 7s, '23 do 5s. 194 7 C. S. S. Ref. A M. 6s, '26 V. S. Steel s. f. ,5s. '63 . Ctah. P. A L. 5s. 1944. We. tern Pac. 5s '48 ... . VV. L. R. E. 6 tos '36 . . . Weet'house Elec 7s '31 . . W. A L. E. 1st 5s '26. . V. S. 8. 7s '35 W. A Co. 1st 6s '41 do 7 to '28 W.-S. S. 4s '60 77 44 to 69' 49 44 32 61 9 103 90 103 41 106 84 84 89 1108 I OT I? 97 88 88 94 100 106 96 106 87 28 76 84 103 to 74 78 68 68 105, 103 (High. 3500 Nor. a mo. ...... j 56 ZOOjSat. Bisetut 1134 24ftd;.Nat Enamel ..... 43 500Nat. Lead ... 92 SOOiNeeada Con. ..... .1 ;14 SOOOjNew Haven 18 600 ortoHr A W 2100-Nor. Pac. '. ... -j.Nova Scotia Steel. 100!N. Y. Air Brake, . 1400N. Y. Central... 1400,Okla- Prod. red... .... Ontario Silver . . . 400!Omrio & W. . .. lOO'Oris Steel HlOOiPacifie Dev. . . . 300 Pac. Gas A Elac. . 2100iPunt Allegro 4 900, Pacific OU 5200jPan Am. Pet 1?00 do B pfd. 2500,Penna. llOOjPeo. Gas " 7001Pere Marquette . . 80jPure Oil 500 'Phillips Pete lSDOOjPierce-Arrow 1400 Pierce Oil S200 Pitts Coal 400 Pitts A West Va. .... do pfd. 700 Pressed Steel Car 2900 Pullman 400 Ray Cons 1000 Reading . . . 100; Remington OOOiReplogle Steel ... 1400'Repubiic I. A S. . 100 do pfd. HOOiRep.- Motors 3100jRoyal Dutch Oil . 1000 Ry. Steel Spg. . . . 400 Saxon Motors . . . 2300Sears Roebuck . . . .... Shauuck, Ariz. . . 500-Shell T. A T. . . . 3300 Sinclair Stand. OH Ind . . . .... Stand. OU N. J . . . 100 Sloss Shef. 7500 South. Pacific . . . 2200 South. Ry 600 Stand. Oil Cal . . . 1110 St. L. A S. F... 800!8tromben (Jarb. . 48700;Studebaker isvnit & Go 2600Tenn. Cop. A Chem 5800 Texas Oil 12100 Texas Pacific . . . 500 Tex. Pac. C. A O 1700 Tob. Products . . . 4500Tran. ContL Oil.. 2200fnion Oil Del. . . 110011'nion Pacific ... 'Cnited Alloy . . . 400iUnited Drug . . . . 22000:L'nited Food Prod. aoOjl'nited Fruit . . . lOOjUnion B. A P. . . . C. S. C. 1. Pipe. . b00Lnited Retail Stores: 4 1 00 I . S. Ind. Alcohoi 2200jC. S. Rubber. . . . 1001 'do 1st pfd. . . . C Sj Smelting . . . 8900IC. S. Steel TOOjtJ. 8. Steel pfd. . 1500ftaU Copper lOOjVa. Chem 100Va. Chem. pfd. . . CO00 1 Vanadium Steel . Vivaadou 900!Vabash 18 00 1 Wabash A pfd . . 900VVabash B pfd. . . j Wells Fargo .... 100)Wet. Pac I West. Pac. pfd. . . 1900!W'estern I'nion 1000:W'eith.e E. A M. 2100iWest Md 12O0!Vliite Motors 4 500 1 Willys-Overland '. . 600iViUyB-Crverlnd pfd. 400Vilson Pkg 6 00 1 Wis. Cent UUU, ..ovlwrllju 300 W'orthington Pump. 40W. A L. E 700jWhite Oil Low. I 35 13$ 41 90 14 18 ioo;io 78 59 76 2 ii" 10 8 64to 38 47 J 53to! 47i 34 71 21 to 35 30 15 9 61 25 67" ' 116 14 73 31 32 54 84 5 51 to 98 2 64 37 to 20 to 40 i 82 19 95 22 40 to 95 ii 45 31 28 63 10 20 129 69 5 134 60 24 56 44 55 99 to 87 116 62 31 8 33 21 14 78 59" ' 75 to 2 ii" iok 8 64 to 36 46 62 47 34 to 70to 20 35 30 18 9 to 59 24 60" ' 115 14 to 73 31 31 53 S4 5 50 88 2 63 to '99 to ioo" 106 106 ioe" ' io6 87 87 23 23 75 75 83 84 36 19 40toi 2 tor 19: 95 i 22i 39i 92 j 11 44 30 25 63 9 19 129 69' ' 3 134 69 23 54 42 54 to 99 "si" 118 61 31 66 34 "e 20 14 15 15to !0 h 53 30 to 5 29 34 26 47 i 7 9 89 53 9 30 5 27 33 26 Bid. 55 133 -41 90 14 18 to 100 to 78 25 59 75 2to 4 21 10 8 64 36 46to 52 47 84 70 20 85 30 14 9to 61 24 75 65 116 14 73 31 31 53 84 5, 50 98 ,2 63 8 36 19 87 1177 40 82 19 95 22 38 94 101 11 45 30 25 63 9 19 28to 76to 68 3 133to 67 23 55 42 54 98 to 34 86 115 61 to 30 66 34 6 6 50 13 80 15 52 8! 52 8 30 to 5 28 33 26 NEW LUMBER HEAD TO TELL OF PLANS Marshfield. Or.. Feb 7. C. A. Smith, presi dent of the newt- organized Pacific States Lumber company. V expected here February 10, when the plans of the company under the re financed orgs mixtion will be fully sjinounced. The efempany will operate under the name of the Coos Bay Lumber company, as the C. A. Smith interests were formerly known. The receivershin havinz been dismissed and the mortgage securing the $8,000,000 bond is sue recorded, the company is now ready to go ahead with operations. While it has not been officially announced, it is known that the Coos Bay Lumber company wlil operate on a very bis scale. The logging camps are to be ex tended into the timber and moth the large mill and the east side mill are to be 'repaired and put in first cla-s running order. The big mill is now closed down for two weeks to un dergo a general overhauling. It is reported that, in addition to the two bis company ste tam ers, the C A. Smith and the Johanne Smith, which ply between Coos Bay and Bay Point, CaL, a third vessel may be put on to run to Los Angeles, where the company may open a lumber yard. VVOOL MARKET IS HOLDING STRONG the rsdied States' amy s, urn sanest this natara. tW Pfcuinrfa issaade. aa bad mt Baslaess' Xlaister Gs lata m.SCl-i-j Tr8 H C. Vartrsnft, for has decided to civ nn the mi . He tj served fc, tU pnlpH tor 2 fssara. ' Be -xeltl sea aooa fer Hrrlr kat bas trot aecided what ssunasa fwiS Charsea of 1 iSMbordmatiosi 4 his try tke fWTKlietoa illy- . yw Tark Xaar aad Eirka Xew Tork. Feb. 7 (C. IM -Ixea Hac. $4.88 . up Z fraaca, .84 .0471: saarka. .Os4. - IRREGULAR TONE IN CURB MARKET Wall Street Bureau of The Journal) New York, Feb. 7. The curb market moved today with a great deal of irregularity. Some of the recent favorites felt the effect of realis ing sales and eased off, vthile there was fresh buying at advancing prices in other directions. Lincoln Motor wa.s &2.iin conspicuously weak. It had cloned last night at 3 and promptly broke through the 3 level this anorning, con tinning there all the rest of the day. Inter-Continental Rubber was influenced by profit-taking. Supporting orders appeared to have been withdrawn and within an hour the stock lo.-t the greater part of its recent gain. Philip Morris was slightly lower early in the day, but rallied later. Among the strong stocks were Kirby Petro leum, which reached a new high in anticijtion that the company's Bell well No, 1 wouid be brought in later in tlie week. Red Bank Oil u one of the leaders- among the lowtiriced oils. More interest was taken in the Standard Oil group, and despite the price cuts in gasoline. there were comparatively shani advances in Prairie Oil A Gas and Prairie Pipeline. South em Petroleum was firm. Tobacco Products exnort was in good demand and made a new high for the year. There was less activity in the mining stocks. Magma Copper, however, was well supported and Nipis- sing went higher. 40 1 7; 9 40 li 9 San Francisco Cash Barley San Francisco, Feb. 7. Barley Spot feed, per cental, $1.22 1.30. FOREIGN EXCHANGE RATES Corrected daily by the foreign exchange de partment of the Cnited States National bank. Quotations below (exeeiit the pound sterling) are Quoted on the bais of 100 units foreign currency. Opening nominal rates on bank transactions: Draft Cable Par Checks. Transfer. Value. $ 4.37 $ 4 33 $ 4.866 8.44 .49 4 73 London Lbs. sterling. . . Paris Franc-s. ... Berlin Marks . . . Genoa Lire Athens Drachmas Copenhagen Kroner Christiania Kroner Stockholm K roner Hongkong Currency Japan Yen .... Shanghai Taels . Canadian dollar 8.45 .49 Vl 4.73 Vi 10.30 23.81 19.30 4.52 20.35 16.25 23.85 54.90 47.3.1 73.05 discount 20 40 16.30 25 9.0 55.15 47..r.O 73.35 per cent. 19.30 26.70 26.70 26.70 Ml I I I I I I I I I I I I 1 1 t I t I I H I I I I I I I I I I I t I 1 I 1. 1 .1.T.T.1 L aBXaBSBxaaa(SBBa,ssasavaixaBa Boston. Feb. 7. The Cnited fttat vnverst. ment originally had 100.000. 00O pounds of wool to disinse of. It now haa only 4,000,000 poands left and this will be cleaned np at the next government sale here March 2. The wool mar set here holds Terr strong, with offerings scarce. LUMBER London. Feb. 7. There haa been littU im. provement far the lumber demand in this mar ket, although lath Is fairly active. Norway yellow pine has been bought in small lota. tutlilTS . New York Feb 7 (teri.i. - .- --.: 1 Shirts Shop, operating a chain of retail stores, announced today that several stores which had not shown earning power enough to warrant continuance would be closed. been closed in New York, one in Syracuse, one "d ODS in Bo"ton AsSiitaLcub! TUie and one u Rochester will be closed ahortlv STEEL New Tork. Feb 7 wi. 1 .-j. . New York-New Jtnasy vehicular tunnel were opened today About 105.000 tons ot east iron f,?n"DU r?'l """d- Furnace. tar south as Alabama are comnetinir for thi7t tract. FECIT New Tork. Feb. 7. Thr i. . active demand here for lemons, orange., grape- a" roaxter trotn what sec tion the fruit comes. This haa been caused by hght arrivals from California. ' AUTOMOBILES 1 San Francisco. Feb. 7 t.i. ... ! proved in the motorcar bosines in r.ii'n,,,.. k li? ,W- bnt sa!1 ewhat slow, al though the liquidation of bank loans by dealers has cleared the situation somewhat. STEEL Birmincham. Ala., Feb. 7. The blast fur nace of the Gulf States Steel company Resumed operations today. Steel products genern?"r, Kefl'. l tron is now otrdVt shsded. "d Prin- U "Ported? is being Pituburg. Feb. 7 The Hotnstead works of the Carnegie Steel company are or7atinTon . akm schedule. PUte mill are howg,,0'r rrroducuon. while strnctaral null output is RICE .hirI, Jr"k' F"u- 1 Curtailment of rice of ,Z th rten ttrengthened the posiuon of the nee market here. There is s fair amount of trade with Cuba reported? . DRY GOODS stock", '.. T-ng into consideration TK.. unng not only on present and fnbir. .kmA present and prospective freight however, is of fftuvt olnu Ffv .b r 7-ZSoDe of N'w Bedford, tail Kiyer or Lawrence cotton mills haa taken anjr action in regard to reducing the wages of operative along the line, followed in filne itXii!!!1' ConnecUcnt and Rhode ltland.' oil.T!? .w"Unf to see what action the 2. i v"V .," "'P'X the reduc- H ,iew r.ngiaoa. LINEN m '7 Trk.' Feh- 7 A"ble stock, of linen m this country sre very sm.ll and. while trading .UU I1 present, price advances are predicted within the next few weeks. a 'or-.eD- ' Corn syrup haa vanced 1 5 points in this market, making ao h ?n arums ana $2.42 in barrels . on. New York. Feb. 7. The tank wagon price of gasoline was reduced 2 cents a galuS? in nSJ York and New England today by Vveral reffiT ... .uu.,-.u.xra. iium comes irom Ch rva .u. . company has raised the gaao- and Oklahoma to equalize the pricethere possible detail prices Dut on rates. The buying. sd the for the Standard Oil line price 1 cent Portlaad Floor to Army Portland Flourirur mill h.. der from San Francifco for 40n mui L r,. 1. HO j " WUIMl Ol "f Huong nn cans for flour 77 77 I 76 I 76 I 76 69 68 6 82 82 82 96 96 96 75 74 74 3. .58 58 58 73 73 73 k 17 17 44 44 44 to 100 99 99 .98 94 to 94 94 96 88 84 to 90 '96 ' " 90 " 62 61 61 95 94 94 106 1105 106 61 60 60 55 55 55 98 98 93 103 91 91 91 91 91 91 105 105 105 101 100 101 87 87 87 97 96 97 100to 100 100 88 88 88 85 to 85 85 to 108 to 107 108 106 105 106 91 90 90 98 98 98 95 94 94 95 95 95 60 60 60 WALL STREET STOCK QUOTATIONS Reported by Overbeck A Cooke Co.. Board of Trade Building Monday's Quotations Sales. I STOCKS High. Low. Bid. I Sales. Stocks, Bonds), Cotton, Grain, Etc. 316-317 Board' of Trade, BaUding Overbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES ATeatber Ckirafa Beard af Trada Cerresaondeafa af Ldraa a Bryaa , Cakae Jt aw Tork - lOOOjAiUm Express. . 8110 Advance kllm. . . 2O0j do pfd 200-IAgr. Cliem 6(101 do pfd. 1000Aisx Rubber...'. .... Alaska Gold . . . .... I Alaska Juneau . . 1600jAllied Chem 220OAui-Chalmers . . 1001 do pfd. 100Am. Beet Sugar. 300 .Am. Bosch .... 29O0!Am Can Co 1 do pfd 300: Am. Car A F. . I do pfd. 1100. sen. Cot. Oil... 600 Am. Drug Synd. 500, Am. Hide A L. 900i do pfd !400 Am. Ice 8900 Am. Int. Corp . . 400Am. Linseed . . . ltit) do pfd 3500Am. Loco. . . . ; ! do pfd lOO'.Am. Saf. Razor. . . . 200 Am. Ship A Com. 800; Am. Smelter .... I do pfd. . . . Am. Snuff 1400 Am. Steel Fdy. . . 65lio;Am. Sugar ...... 700 do pfd "500(Am. Sum . . 1400;Am. T. AT 1800 Am. Tobacco. 14001 do "B" 8200tAm. Wool I do pfd lOOlAm. W. P. pfd.: . . ISU'.im. Zinc 2ttO,Anaconda 1100'AtdiBoo . ... I do pfd 14 00, AO. G. A W. I... 2050U,Bidwin Loco 100 do pfd SSOo'.BalUx. A Ohio..:... 13001 do pfd 8900 Beth. Steel "B" . . . 1 A Oil! Booth Vish 2500 B. R. T Bue C A Z . . . . , ISOO BuUe A Sup. . . .. 120 Bnr.i, Bros. , aOO)Caido tU. . . . 70O(OJrf. Packinc. . . . , lSOwlCahf. Pet. I do Pfd. 1 1 OOtCaaadian Pac..... 2800Ce. Leather. .... SOOICerrw de Pasco.,. 1500 Chandler Motor.. 200Chgo. A s: W.... lOOjChco. Gt MT .: 60O do pW. SO0'ChiU Cop. ...... SOtl BJTK ..... . . 1SM!C- M. fit r. . . . 10l oa pfd. SOOOjCore. Cola , 1 lOo'c. AO. . - 00 Colo. F, A L 400ifola. Soathem . 0O;fL Gas A Elec. X5rft!Mliisabia Grape. . 1OiCon. Uaa . . . ; . 00Wntl Can ... fUUet SVC Bankers. 20 5 15 67 95 43 82 57 109 148 147 4 9 46 137!l36 133 S3 to STOCKS- 14700 6500 00 P pfd... pfd.. . Sugar. . 5300Corn Prod. .... I do pf d. 2400Cosden Oil 2500 C. R. I. A 100 do 'A'' IOO! do "B" 6400Crucible do nfd. Cuba Cane do pfd. Cuba Am 2O0;DeL A Hnrl 400aome Muies . 500 l)eL A Lack . 4900Davison Chem. . . -800'Kndicott Johnson SOOOifcrie 56001 do ' 1st pfdl ' . ; ; 400lElec. Star. Bty. . 200,Fsmous Players . . ... -jFecL M. A Smelt.. .... 1 do pfd. . aoOfFisk Tire ... Gaston Wms. .... 100 Gen. Cigars SOOUen. Elec 6000jGen. Motors ISOOiGlen Alden 11000, (Sen. Asphalt .... 200;Goodrich . . . . Goodyear , 00(Granby 780O-Great Nor. Ore..!. 600, Gt Nor. pfd, ....Greene Can. 25400 Gulf S. Steel 1300! Houston Oil 15100 Hupp Motor , 100111. Central 4 00 Inspiration lint. AgT. Corp. c . 200 do pfd. 1800;interboro 1400 do pfd. 5 OO! Int. Callahan 4... , . . . . Int. Harvester .... I do pfd. 23 00 'int. Merc Marine. 700 do pfd. 700lnt Nickel 2200ltnr. Paper . . . . .f do pfd. 2SOOlnv. OU 2400jlsland Oil 500Weel Tea lOOOiK. C. Southern ... 2fK;K. c. s pfd. . . . 178IMJ, Kelly-Springfield . 2600 Kennecott 0Key?taM Tire ... 1200Lack Steel 100 Lee Tire . 1001 1e high Valley . . . . . . . . tLorSard ....... 200iLowa Theatres. . . . 1420OIMartaad OU 600 Martin A Parry.. May Stores. . . . . . 3340O:Mex. Pet. SOOMtasni .. e800,Middle ettates Oil. SOOOiMidvate Steel . SO0jM.lCAT.Wi... ....4 do pfd. -m... .....jMont. Fower 4 J 00 Mem t. Ward? ..1. . Pic.- .4. :..', . 2ooo I o trfd. . . .. ,0O.M. St. P. A &S.1 I High. I Low. I Bid. 104 102 102 113 35 34 34 33 83 33 to 88 to 88 87 73 75 74 63 62 62 81 10 10 10 25 to 23 24 19 18 18 110 110 109 23 22 22 ! 113 113 112 62 60 60 81 81 81 10 10 10 16 15 15 143 143 142 80 78 79 7 38 12 12 12 68 68 68 146 145146 9 9 19 45 44 44 63 61 61 I 86 36 36 10 27 27 27 36 35 85 74 74 74 ! 26 t 77 74 75 76 74 14 13 14 14 100 100 100 39 38 3a , 38 'ih' ' 86 3 2 2 8 7 J 5 5 5 82 100 16 15 15 71 70. 70 12 18 12 50 48 4 80 15 14 15 2 2 2H 12 12 12 23 23 23 54 14 Sato 54 S 38 88 28 28 28 1 16 16 48 47 47 28 28 28 58 68 58 152 11. 11 11 28 26 27 83 32 , ... .4106 117 113 115 28" 2 2614 1S 12 l?to 81. 30 30 . to 27 27 27 .......... 68 144 18 13 ia is to into 49 48 48 U ; S 6i .?. nr! The n FRANCE'S STABILITY TTH0SE who were reading current French history just prior to the war will remember with what anxiety the government of that country was viewing the rapid rise of communism and the spread of the doctrine of "internationalism." When France called her people to arms full prep arations were made to suppress by force if necessary, this disloyal ele ment. But such action was not necessary. Even the leaders of the movement were ready to enlist in their country's defense. Since the war this element of dis content and insubordination has made but a feeble attempt to get upon its feet. There is a reason for this, and more than one. But the chief is that the French as a people have an invested interest in France. There are 10,000,000 people in France who are owners of real estate nearly one-third of the en tire population. No other great European nation can make such a showing. Franc'te is essentially an agricultural country, a nation of lit tle" farmers. rencn oac j on their old job! 1 K1 i Re adthts edito rial from the Portland Telegram last Friday. Read Marcasson's story about France and the future in last week's Saturday Eve ning Pest. Co TYl 6 1 17 and let us show you what John Moody, Ameri ca's foremost econom ist, says. rHE Department of the Seine 7s offer you a remarkable investment opportunity. At 90y2 and accrued interest for these 20-year 7 bonds, which are the direct general tax obligation of the third city in the world with a large suburban territory comprising an area of 185 square miles, you can ob tain a minimum yield of 7.95 up to 8.75 to accord with date redeemed. They are non-callable the first 10 years; They are callable in 1932 only upon pay ment of a premium of 5, which premium is reduced at the rate of Vz each succeeding year. Denom inations $500, $1000. Principal and interest payable in United States gold coin in New York without de duction of any French taxes, present or future. They will be listed on the New York Stock' Exchange, there by providing an immediate cash market. The factory worker in France who now is not satisfied with his wages or his living conditions, can run away from it to the farm, for the farm is short of help. There are practically no idle hands in France, for more than a million and a half pairs of the best hands France had, are now buried along the battle rone. To take the place of these lost laborers thousands of Poles, starved and out of work at home, have come in; thousands of Italians have come for temporary employ ment; thousands, of African terri torials and Chinese, left over from war service, are still in France, and many of these we may well believe, .will remain and in years to come become a blended part of the French population. Np Idleness in France! Invest now Wire orders "collect' Use our Partial '- Payment Plan . (Editorial froa Portland Telecraia. Feb. a.) Friday. FREEMAN. SMITH & Camp Co. LUMBCRMENS BLOO, POKTLANO FIFTH tTlriTV MOM "" aJJ . I e 8VWAY STARK 570 r I ! Ik Before You SeU Any Securities It will pay you lo confer with us. We are always 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 to give you the highest price that the market will bear. If you .want to exchange your bonds for some other investment, or if ypu want immediate cash for them, you will be released with the service that wc are equipped to give you. This bank has served successful investors for sixty-three years. Sooner or later you will realize 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 BONO DEPkRTMTHT OPEN S:30 TO SrOO Saturday 8:30 t 2iO0 TELTOH Oldest in the Northwest WASHINGTON at THIRD use "i IT I V I i i i i i i i i i l i i iiiniiiiii i it : TiTfrnYTn New Issue Municipal Bonds $475,000 TALENT IRRIGATION DISTRICT (Jackson County, Oregon) General Obligation f5 Serial Gold Bonds Due Serially 1927 to 1948 acre acrea Dated January 1, 1919 s Principal and semi-annual interest (January l and July 1) payable at the Fiscal Atency of the State of Oregon, New York City, or at the office of the County Treasurer, Jackson County Oregon, or at the offices of G. E. Miller and Company, Portland and Seattle Re deemable at 103 and interest, in numerical order, on any interest payment date at'not less than 90 days' notice. ' Coupon Bond in $500 and $1000 Denomination , Exempt from all Federal Income Taxes, including Surtaxes, in the same manner as State, County and City Bonds. Legal Investment for Savings Banks, Insurance Companies and Trust Funds in Oregon. Legal to secure deposits of public money in Oregon, i otai Area or U is trie t 2 000 Irrigable Area 9,600 S e. . . - . ....... vvw npprusca ajue or land, exclusire or improTementi, bc- fore spying' effect to this financing $3,095,000 Total Bonded Debt, including this issue . 770,000 TOE DISTRICT Located between the cities of Ashland 2nd Med- ford and surrounding the towns of Talent and Phoenix, this district com prises one of the oldest, wealthiest, most productive and heavily populated rural sections of Oregon. The average farm comprises but 31 acres. Irrigation has been practiced here for many years by individuals. More than 90 of the District is under cultivation of which approximately 50 is in fruits and S0 in alfalfa, grains and garden truck -The Southern Pacific Railroad runs through the District with stations at Phoenix and Talent. The Pacific Highway, paved the full distance, runs through the center of the District, north and south Abundant water supply is provided by the many streams from the snow-carped summits of the Siskiyou mountains, at the foothills of which lie the farms of this district About 1650 acres are now irrigated in this west unit and about 2500 acres are receiving a partial supply. This issue provides additional sources of water supply, canals and storage of 16,000 acre feet clpacity at Hyatt, Prairie. BONDS Principal and interest will be paid from general taxes levied upon the entire property of the District The collection of taxes and piyment of principal and inteiest of the bonds will be made by County Officials of Jackspn Coun'ty. APPROVED by State Irrigation Commission of Oregon, consisting of State Engineer, Attorney General and Superintendent of Banks. CERTIFIED AND LEGALIZED, under state law, bv indorsement of the Secretary of State. Each bond bear this indorsement and the Seal of the State of Oregon. Legality approved by Messrs. Teal, Minor and Winfrec, Portland' Messrs Goodfellow, Eells, Moore and Orrick, San Francisco, and by Attorney General of the State of Oregon. . - PRICE TO YIELD (Jj Orders may be wired "collect j Bonds offered, subject to prior sale. Special circulars on request J.R. THE CITIZENS NATIONAL BANK La Angeles MASON & CO. G. E. MILLER & COMPANY San Francisco Portland Seattle - ! mi a.4ass,aaa uaiial. M 1 . m . . t w w 7, " "'I'riaa-. wane aoi raaraalea. ara amaea aaaa formalism ! a4vic waJck we kelleve aeearmta aa wfeick w relied la yarchaalag aVxv?a4a? i Ja?