The Oregon daily journal. (Portland, Or.) 1902-1972, February 21, 1922, Image 14

The Oregon daily journal., February 21, 1922, Page 14, Image 14

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Newspaper Page TextTUESDAY, FEBRUARY 21, 1322. 14 THE OREGON DAILY JOURNAL, PORTLAND, OREGON. PRICES CHECKED fl GENERAL TRADE n rutmP. MM (Will Strews Bima of Tho Joarnal) Well Rtnvt, w Tort. Tab, SI. Th stra in; Bwmati of stnuy war rprodaed ta mm of Um saarxeta today. Blrrtin want only , allgnUy higher, mam and lira ballad in tarar . ia ' - . rmm. i wuaiwvij r"Wi va tnat Uia -1 a -1. k.- I eottoa nptiae went low 1 ar. Tear u nothing nwui tm any of than T B f normal . i actio o( aperoiative . i marketa which bad H 1 w abraMlr. an tJ j Impdx protta bad ae- romalaled. Ia ttw aura saarfcrt Ota altark nnt uinnal onul wall alone In UK oaf. aor th. ft rat half of tba ixreUon lor tba ria went on Ticor- ewMy in tba IniiatUiai secUoa. RtMl share vara taksa npoo revival of Interval la the aeaitiatian for a merger twaea MM ot the InArpaadmt eompaaita. tI envaraoa surpassed lla wrtaoa nig of tba aaa- i I . -ij ar. TOar was no - , f. vnaanal ta any of 0lopmenl, I ' i mm aanplr tha i ' . t actio of ra la --MBjaW " S a mbmJ New hlf h rroorda m slao taada la tha aqulp- swat irrip, ta ran of tha laathar and woolen ...i u . iuWf J anaaitiaa. But in mtI all iuUKn thia Inh Bp-bidding of trim Ib.IimI bMff realising sals which had ansa effect a I ha da want oa. New lot Trx-Oon axtmtias, both Vault and stocks, war badJr upset bf tha report of tha tranatl eonv Btwainn oa tba rerelalioa of prapertlee, which ' art tha sevaral Uitala vrry much below thnaa given on tha bo. ot tlx eumpanla. Ia tha aaaa of Third Aveaae. tba estimated property ' value flaured oat aaite a bit leas than tba markat value of ita aeruribea aa Una bee standing Bp to today, tipponents o( privet awnarahip will duhUrw find la tha report o( mt deal neo gnaUrial. for it eertainly snp- knfti tKa kaM ni ill ll..w -Tha mnat important gunUiuaUon farniihad K u ., f iha clav waa tba account of awl armJItiona ffraa tn tha wrcklr rariawa of trada Juurnala. Haytnf both; of pt iroo and of ataal haa baaa oa tlw tncraua and tha (teal xniitila for th fintt tima la onaratina at orar 60 par rant capacity. It la ertdant thati t)a aaarr Durrliafe to aupply tha railway aqnip- wimt maaara bara toread tha band of other naoman who kara bran lttm tbalr atorka at down too kiw. But tba mora eaaantial fact k tha corroboration of tba Ttrw that the arcond nhaaa oi tli eeneral trade rartral if fettinc an - dr way. Thane latct atari n porta hkewiae balp to ahow tliat tba rarrat adrance on the -atocK irhknn baa brten a Uaclml mnTflMUt It waa tha a!o-k market which car tba brat wnronnt of Itaeii. t'nder the teat of epecnUUre raailaiaf prkwa bad rather wararrd tn the early afternoon, but the control ot lnta eete workina for the ad ranee waa demonatrated tn the final boar. Then what little tendency to reaction bad beenn to appear waa quickly . checked by direrUuc tntareat into new qaaxtan. BULL MOVEMENT. IN STOCK MARKET FORCES GENERAL RISE IN EARL Y NEW YORK TRADE NEW YORK. BOND TRANSACTIONS .-',! . Beportad t JoomaT Wall Street Bsbm J v-i"--,'.'?.'',-'rv VaJl Stnet. Vw Twrk.1 Fak. tl Tk treat kcard todaf tkmt baokera kciw ex pect to rottet ft BaUB toaa tipniy. Pre ra turn aaaoaarenicatt latUeate that U kaa wQ a ft atraJcM aeconiaiod- tloa to Tka XethcrUadi MTarmmaat u torn of caildcrt aa4 will arobftblr k for 7MMrtM to lH,m,t r-Hderv to raa for It year aa4 yWldlaa; ktwa ad v ft eeaL Tko ijadleata kaadllac tko 1 1. MM CkJcars JHott IslJtad Jk Pa. clfle Kail war eoatpaar iter wax eqaia- neat rld aotea rocoaUy pareaaaac zroai tbo director foaaral of railroads, re porta tko com ale ta aalo of tko bead. Bpeneer Tratk eompaay ticeeedea n (Ufposiar of SomlBlck A Domialek aad ft bloek of Detroit Kdlaoa oompaay rapitaJ atoek at boat 74 per tka aiarket, laiaad to yAeld eeat. Mew Tork, Pab. 11. Total aalea of bond; on the stock actianaw today wer U5..ou. acaJnat ll8.ST3.0t0 yeeterday, : ao. ebouday a year aio. rrara aao. rrom Jannary 715.000. acaiaat 4J9.1O.OOq a year aco, (6p6.7S4.OUO two yeara aco. HiKh. low and cioainf pncea 110UU): Mature. High. 1S.18S.000 a and S14.342.000 ta data ooo.- and are gjaen. tin The high priced nJla wer bronrht to the .for winter the lead ot Canadian Pacific and Vnfcon Taciflc. Then the burlna ahifted more into the non dividend railway aharea. Mean while ii. B, Btaei oinronn kept on with lta re markable) adrance and tha concentration of T ariea npna tbaaa particular atocka uaaaed aelling to slacken on tha rent of the bat. The atock market today waa not aa broad as that of yeatenlay in tha eenne that not aa many bwuea participated in the rr-riae, but the farces ntakini for hither prices aaia prored their con trol of th aituatioti. Tba market bad to absorb hear pmfkt-takine sales, but did it so sorcesa- fnlly and the day wound up with a brilliant demonstration In which Steel common and Mtu de fa titer, among the tinltut rials, and Hock Island, at. Louis and Hauthwestern and Canadian i'a- ' elfin amoog the rail were th eentnU furan Liberty SHs. 82-47... T.o do ret. 32-47 ..... n do 2d 4s. 27-42 .5t do 1st 4.. 82-4T.. 7.0 da rec. S2-4T fl do 2d 4 Ha, 27-42.. 66.74 do reo., 27-42 06.6( do Sd 4 Ha. 28 .... do ret.. 28 T.5 do 4th 4 Ha. 83,... 8M do re.. 88. . . . . OT.04 Victory 4Ke. 22-28. . .lOO.SIj do rec.. 22 23 luu.ia do I v." 22-23 100.14 Argentine Oort. Bi '45... I 78 V Kmc. of Belcinm 7Hs '4 5 do 8a '41 do a '21 i Chinese Gort Bra. Sa '51. nty of Bercea Ha '4S. . a City of Beroe 8a 45 'ity of Bordeaux 6 '84 . . . City of Cop'hacen 5 Ha '44 Cit of Lyons 6a '84 ... . City of Mameillee Aa 34 . . City of B. de Janeiro 8a '46 City of Kunch a Danish Mun. 8s A '46 . . Imtch EL L 6s. . . . Dominican Retmblie 5a '58 Do. of Can. 6 H notea 2 Dominion ot Canada h "26 do 5i '81 ...... . French Gort. 8a '68 do 7 Ha '41 Imperial Japan l't 4Hs'25 do Zd ll '29 do sterling loan 4s 'SI . Kinc. of Denmark 8l '45. do etfk. 6 Ha Kingdom of Norway 8a '4 Kingdom of Sweden 6s 3 Chile 7 at '46 do 8s . . . . uo oa ii Republic of Cuba 4 Ha '4 Kepublic ot t'rucnay ba '1 6tau of Quald 7a do 6s Swiss Uort. 8i '45 Htate of Sao Faulo 8 '86 United Kinrdom ft H a '22 . do 5s '2 do 6 H '37 Rio Gr. Do 8s ... , I'. S. ef Brazil 8s, 1941. . I. 8. of Mexico 6a. 1945. do large s do 4s. 1954 N. Y. 1ly 4 H. 1963 100.26 100.26 100.12 100.12 100.00 100.14 ! 1 1 SKOU3 High. Low. Ctaae. WALL STREET STOCK QUOTATIONS . - Reported by Orerbeek Cook Co., Board ot Trad BoOdint : .y; ;;. Fire Insurance Men At Annual Banquet 'The aernod annual bannnet and meeting tha fire insurance eXrhance of oPrtland ' hrld laat evening at tha i'ortland hotel. About 200 me in hers of tha exchange attended. An in. t renting program waa rendered daring the er- Dlrg. which was arranged by T. K. Knckwell, aiiairmaJi of tha entertaJnmant eomraitte. To serve with the holdover executive commit tee erawtatrng of Phil Uroaamayer, U A. West Jr. terry Hmitb and Marl W. Campbell, tba fol lowing new members wer elected: T. R. Rock well. . D. Hchalk. If. G. Erfinger. John D. tiargard and J. L. Wrbnter. At tlie next meet ing of the exchange iUwcommitte will elect th of near for the ensuing year. In anprecia- tioei of tha servtres .rendered doting the pst year, Howard U White, retiring president, and I 'am Campbell. Htanlry U. Jewett. Charles . Milllman and Harvey Wells, retiring members nf the executive oommirtaa. were ireaented rifts m behair of the exertance. A C. Barber, atatta fir Insurance commis sioner, wa the pnnoinal speaker of tlie eve- ring. Bert K. lUney ami Kobert R. Bankio alas auitmaad tha exohauca. NEW INCORPORATIONS rUiem. nr.. Trb. SI WHllam B. Hamilton, Tv, irrU M D,e and B. F. Iindaa ot Med- Uia filed with tha stata eornoration de- in merit hen . arriolea of incorpovatiow for tha bleilfnrd ffteipital saTety, capitalised at 87000, Other enrporstiorjs filing article are: Dunn A Bake l-ortisnd. 130.000, C. A. Iln J af RaJieV and Karl Hrrhfina. i liMaunan I'efrau. Klentrie company. PaiaVey, lAke eounty. flAOO.. W. B. bnider, John B. tide and II. M. BratCain. Renard Kledirlo eomrany. lledford. 81000 ' Charles Banard. Edna Kandard and B. K. lJndaa. Th Dry Creek Cnoperatlv r.xrhance. Prine- Mlle. 81000, W. F. Svlog. W. W. Davie, F. S. Hoffman and others. BOSTOX COPPER 8HAHE8 (Reported by Orerbeek A Cooke Co.) Rid. Ail rent ore 83 Ahmeek. . 01 Algomab. 20 Alamea. . 24 Arcadian.. 2 Ming bine. IS H : KaJakalla. .... Cel. Arts. 88 H CsAAHec t7B (Vntanaiai . . Cop. Rge. 41 IiavlsDaly T .Daly West IS K Rsttt. 10 H Krank Mg. 1 H Helvetia.. 1 4 Imltaiaa. . 4rt Ul Creek 7 da ptd. 87 , Keewanaw 99 Lake p, a l Salle. . 1 H blichigaa . 1 Ak. 60 N as 50 23 Maaa. Con. Mohawk. . Nipivlng. . . D. Con, Ohijawa. . 18 H twin Mng. 1'ondCreek S. Lake . . Sup Hoatoa f. 8. bich. do pfd. a I' tab. . . Whattnck. 89 H 10 13 43 TH s Bid. 2 H 55 3 24 1 2H 13 44H 1 87 H 23 8 TH 5!t 10 H iTuolumme 3 I tab Metale 2 H 3 I'tab Con. . 2 89 C. S. Mng. 88 S 87 H do pfd. 43 89 (tah Apex 8 101 HV.ntura. . 22 SHiWtnona.. 40 1H Wolverine 10 H IHtWyandoU TO Mint Grower Bold Heetlag r.erva Or., r 21. Tbar waa a well at- tee.led annuel a-eating of the Oregon Mint Growers Caoperativ aaanclatioa hikt at tba Cam e snercMl alub room at Corvallis, Or., on Satur day, rebruary 18, 1922. After th regular rou tine of brauneaa waa dprMd with and the secretary-treeewrer yasHt ht annual report, th board members for tbe coming year war vtaaaed a fallows: E. B. Wallar. Albany; T. Q. Green, Coburg: Bird Kickard. Uun ma: J. W. Turnadg. Jefferwn; Mark Aapenwali. Malam. TaVoot 9. aad G. J. Molaan. Gervaia. Tbe seven III m rector. Deaa A. Eelfle nf tbe pharmacy department at O. A. G.. Corvallai, will b p- potnted b th board at their firat maeting ia Maifb, Officnrs tor thik board will be elected . from the board members at lb same tima. RAILWAY AND MISC'ELLA Adam Kxp. eoL tr. 4s, 4 8 Am. Agr. Cbetn. THa, '41 Am. Hmelt. 5s. 1047 Am. TaL A TeL evt. 6s, "2 5 do coL fx. 5s. 1946.. Amu. Sugar 6s Am. T. A T. evt -4 H s '33 do. coL 4s 29 Am. Wtg. ppr. a f. 6s 3 Amr. A Co. rt. a. 4 H a '39 T. 8. F. gen. 4a '95 do. adj. 4a '93 do. H O. 4t '28 At. Cat. Ln. 7s 'SO. . . do. U N. cL tr. 4s AU. m. cvt 7l '34. . . Atlas I'dr. 7Hs '36. . . B. AO. 6s '29 dix ref. 5s '98 do. cvt. 4 Ha '33.... do. gold 4s '48' BeU Tel. of Pa, 7a '45. Beth. 8tl 1st ext. 5s, do ref. 5s, 42... do p. m. 5sa '36 Bk. Ed. gen 5a. ar. D. '30 do 5. '40 B. R. T. 5s. '45 do 7a. "21. . do Tr. Co. ctf. '21. . . do ct's. St.. '21 Rurh Term Bklg. 6a. '60 Can. Nth. deb. 6 H s. '46 Can. Pea drb. 4s. '49. . Cent, of Ge. By. , '29. Cent (la Ry. eon. 5s '4 5 Cent. Leather gen. 5a '25. Cent. Pacific gtd. 8 Ha '39 do gtd. 4s 1949 Cent. B. R. N. J. 5a '87. Cerro de Pasco ovt. 8a '81. Chen. A Ohio cvt 6 '40. do gen. 4Hs 1992 C A A. trg. 3a 1949... do 8 Via 1B50 C. B. A Q. fan. 4a do ref. 5s , . . do joint 8 Hi 1918 10 K no hs io do of 1951 .1 TlK V. t. I. gen. tr. Co. ftfs. 19S7 Chicago Gt W. 4 '59. Chi. !Ind. A Lir. 6a '47 CM AStP. a. m. 4 Ha '89 C. M. A B. P. cvt 4 Ha '32 do rfg. 4H '14... do 4s '25 do deb. 4s '34 1 5H do! 4s Paget Bound '49 63 H U. es N. H. gea. oa '87.. 101 do 6Hs '36 1064 A4L I 00 u kt, 4 '87 ... . 2 1 1 nicago an, uo. os -z i . R I U. It I r. gen. 4s '88 a J oo rig. a 84 25 Chicago Union fltatwn 4 Hal 2 H I 4 H s aer. A 04 . . . 4 l ao o ms -oa. . . . . 15 H Cbgo. A W. Ind. THa 'S5 43H do 4s '53 1 hk I Cbll Copper evt Ts '23. . 88 do ool. tr. 6s '32 25 H C. O. 0. A St, U deb. 5 1 4 Hs el 8 H C.C.C. A 8t L.O.M. 6s '93 60 do 6a '29 SHI do Cain Dir. 4s '39. 2 H Colo. A So. 1st 4s '29 . 84 H i do rfo. 4Hs '35 43 I Cons. Gaa evt Ta '25 104 H 3H I Cuba Cane Sugar 7a '30.. 1 78 H zz I Cuban Am. Bugar 8s St.. 1104 H u I Cuban R R. 5s '52 1 7 1 1 I Cnmb. TeL A TeL 6s '87.. T7 I Del. A Hudson evt 5t '33. do ref. 4 e '43 Denver A R. G. 4 Hs '36.. do Imp. 5s '2S da rfc. 6s '63 Det Ed. rfg. ear B '40116 Iks. Mat deb 7 Ha '33. Iup. d Nemo. THa 'SI.. ia r. irii... E. J. A E, R. R. 5 '3.. Erie gen Ben 4a '96...... 44 44 H 44 H do prior lien 4x '9.... 58 58 58 d cvt A aer. A '53... 40 89 39 do wt 4s. ear.' D '53 . . 414 41 41 Erie A Jersey Oa '5 .... . 85 85 S3 Flak Kubber Co ft '41... 101 101 101 Gale. H. A 8. Sa '43.... 78 8T 87 Gen. Elee. deb 6a M0. ... 105 194 105 do deb 5a '52 98 1 98 98 G. T. A R. Co. 8 '41 112 112 112 Granby Mining 6a '28 f 98 j 97 98 U. T. of C. 7a '40 109 109 109 Gr. Tn ot Canada (a. 16 161 101 1101 Great Nor. Ta. 1936 108 107 H 107 B. A L 4 s. 1941. ..I 96 96 HI 96 Great Nor. 4s, 1961... 1 89 1 89 i 39 G. B. A W. deb. B I 9 ( Havana Elec. 5a, 152. ..I 8 8t 8 H. A M. ret. 5a. See. A.'571 T8 77 78 do adi. inc. 5a. 1957. ..1 57H1 57 I 57 JO. Cwntral 6s. 1934. ..I 98 981 98 d froHa. 1936 107 107 107 do rfg. 4a. 1938...... 85 1 85 1 85 ID. gtael deb. 4 Ha. 1940. 89 89 89 Ind. Steel 5a. 1952 98 98 98 Uter.-Met 4a, 1956... 15 11 15 IntL Paper 5 85 84 85 do 5a. Bar. B 83 K I 83 I 83 Int Mrr. Mar. a t 6a, '4 11 93 98 93 Iowa Cent rfg. 4a, 1951.. I 89HI 38 38 K. C. F. 8. A M. 4a '36 75 HI 75 Hi 75 K. C. South. 5s '50 1 84 &4 1 84 do. 1st 3a '50 1 61 64 I 64 K. C. Term. 1st 4s '60. . .1 80 80 180 Kel SpgfW. T. 8a '31 ... . 103 102 )102 Low. Close. I U 5. A 1L 8. 3 '97..I 76 I 76 I 76 98.86 96.96 do. deb. 4s '28 1 92 I 92 t 93 96.80 06.80 I i-nt itt uoai na 39. . 1 98.54 96.54 Ihi- TaL 6a '28 101 101 1101 96.84 96.90 I Dgt A Myers 5s. '51 94 94 94 96 80 6.80 Log. W. deb. 5s 37 76 76) 76 96.54 96.60 hLorrOlard Co. 7s, '44 93 931 93 96.62 96.66 1 ta. untiiea as, 4. .iiMi iiiu 07 so 07.32 I Man. R. C. 4s. tax ex.. '90 62 62 62 97.50 97.50 Mat St By. eon. 5s, '24. 83 1 83 83 odi 86.46 Marl d Oil 8s. war'nta. '31 9!) 99 99 06 80 98.80 Mex. Pet 8s, '36 101 101 101 alien. riiMve im. os, . .ivi ivf i VI Midr. Bteel ert 5s, '36. 81 i8 86 Minn. A Ht L. 1st rfg. 6, I 40 I 39 1 39 M. 8. P. A S. 8. M. 5s. '38 96 96 98 aao. Kan. c Tex. Lit 4a '00 75 75 I 75 do seriea B . 66 65 I 66 do 2d 4s '90.' I 5j 55 55 do 2d 4 cUa. '90 I 56 56 1 56 do 5s series A 79! 79 79 do 5s notea '23 66 65 66 do adj. 5a series A 49 49 49 do 6a acnes Cw 92 92 92 do 5s I 82 82 82 Mo. Pacific rfg. 5a '23.. 99 99 99 do rfg. 5s '26 93 93 93 do: 6a '65 1 62 HI 62 62 Montana Power Co. 5s aer. A '43 94 Montreal Tramway col 5s '41 84 Nat Ry. of Alex. 4 Ha '57 23 New Orleans Term. 4s '58 72 4 New OrLa. Tex. A Mex. inc. 5s '35 N.Y.C.AH R.leb.6v'33 do rfg. A imp.4Ha.2013 cm cel. is, i30. . . do deb. 4s. 1942. . . do con. 4s. 1998. . . N. T. C. A St L. Ist4s,'37 ao aeb. 4s, 1931 N.T.N.H.AH.e.3,'56. . do 6s. 1946 . . . v. . . do deb. 4s. 1935. ; . . . do deb. 4s, 1956 N-Y.R.ref.4s,tr.eo.ctf,'42 do adi 5s. 1942 do adj. 5s, tr.co.ctfs.'42 N. X. TeL deb. 6s, 1949. do gen. 4 s, 1939. . . do ret. 6s of 1941... N. T. W. A B. 4 H s, 1946 a. X. txuaon Tit. 6tts.. Nor. A Sou. 5s aer. A '61 Nor. A West cvt 6a '29. P. prior lien 4s '97 . . . do gen 3s '47 , S.P. 1st 5s '41 North. Ben TeL 7s '41.. Ore. A Cali. 1st 5a '27 . . BONDS 1 1. a. l J-td 5s oo ng 4s "Z8 fW. R. R. A N. 4a' '.61. G. A E. 6s '42 Pao. TeL A TeL 5s '37. Packard Motor 8a '31 . . . Pan. Am. Pet A Tr. 7a '30 f enn. it H.- 7a '80 ... . Penn. R. R. 5a '68 Pa R. B. eon. 4Hs '60 do. gold 6s 36. . . do. G. M. 4s '65 . do. com 4s '48 Sixes . . 103 1105 j PhTL Ry. 4a '87 free. Oil 8s '87 P. C. C.A S.U 5s ser. A '70 P. R. L. A Pf 5s '43 Pub. Serv. of N. J. 5s '59 Reading gen. 4s '97 R. I. A 8. 5s '40 . . R. L A. A I. 4 t4s 34. 8.L.LM.A 8.R.A G dv.4s SS 8. U A H.F. or. In. 4s A '60 8tL. A S.F.gen.6ser.C,'28 ao aaj. es. 1955. do inc. 6s. I960. do gen. Hs. 1931. 'WkteM SHraea giejBM a TTKa Jumi nal ) -: Wall Street, JToo. t le Tko- ateol atocka were nrr aaerca la their ntoTeyaeat day. Stool com mo a pashed across as, wklek meant sw klg-a trroaaa for the pre seat adxaaee. Mack , attemtioa was riTta to tka statement quoted tkls mora lav (i aathorltr of the Iron Trade X vtew that tko negotiations tor av-joerper of 4ndrpeadeBt companies kaTO been pro ceedilc witbeat a break aad Are aow eaterlnr tkelr liaal taa. vrkctker It ts to ao a Utrec-cosaaaax or aa lg-kt-compaajr eonaolidatioa aaa yet to be de termined. Tko atroct haa aa along- felt that tome smaller eoaeoras weald Urst be joined K aad that later this merger would develop into a union with some of the larger companies. It wa tko re Tlral of interest la the anion of steel la dependent which waa renaoasiDie lor the biddingr np of Tanadlom aad Sep I ogle aad for the baying wklek wac no ticed for a time la HldTaie aad Lacka- 94 84 2 72 Ashland Stor Sold Ashland. b. tl.-v-Th Ferguson dry goods Btor clnaed eut the entire stock to C J. . lr rtrw on laat Baturday. Tb Ferguaoa store baa been on f tbe geost pnpalar for tba past 11 nan ti AsalaavL L. F. twrriaoa. tha own baa baaa a active fore ta th upbuilding ot th eity, having served two terms a praakient al th aaoal tneaaber loaamarc. Ward Caataaea Beared rblragn, Feb. II. Mae tgomary Ward stock behlera baaa apawaved plana eaUling atowu the eeaaasoa atock ta 810 par. thereby permitting tha trasMTee ef 6ie.fT.S3 fraaa oamtal t aurnro oat wining wt eaotul impairment of 87.. 67 1. 640 and prevktlng profit aad kwa aarplua Of S9.lSt.7ST. Xy aad Exehaaa New Terk. Feb. 21-r(L N. a.) Call Bonn on tb floor t th New Tork Stock Kxchange today naiad at pec cant; high, a w. 4 pee eL Tub waoney waa etaadv ltata war: 4 S par gant Tbo aiarket for prim maraantil paper was else dr. Call BKmey in laewdoa today waa 2 H pee awnt Sterhog averaaeg waa atmng wit nuiiwaai ta BA at (4.39 for gejexaad. rortn Fxehaar Market ' New ToHt. rb. 31 (C. P.) Deaaaad ale, brvg reve4 today at $4 8 ; fraaea, .0913 I lire. .0oj marts, .0043; kronen, .208 7. Tb saaraea cMeea gtaaay. 90 113 100 70 100 85 105 61 91 81 62 57 71 58 65 101 106 101 70 81 TT 90 118 100 70 101 85 do gen. 5s. 1931. Rt L. Sonoiw. con. 4s, '32 St L. Southw. Terra.5s.'52 s r. M. ac M.M.grn.4a.'33 8 A. A. r. ht 4s. '43 Scab. Air L. rig. 4s, '59. . do adj. 5s, 1949. . do con. 6i, 1945. . Sinclair Oil cvt 7 a. '25 Mriaron Uteri Hp. 8s. 1941 Porto Rican adj. 7s, So. Cam. A Gary 5 s. . . South. Paa. cvt 5s, '34.. do cvt 4s. '29 . do rfg. 4s, '65. ..... . do eoL tr. da, 49 do 8. F. term. 4s. '50. . Sooth. Ry. gen. 4s. '56.. . do 6 s . do M. A O. 4s, 1938. . . 8. 0. of CaL deb. 7s '31 . 8 A T. Co. of Am. 7s '51.. xmra Ave, rfg. 4s '60 do adi. 6s '60 Trm. Assn. of St L. 5i '44 Tidewater Oil Co. 6s '31 m City Ry. ak Lt 3s "23 . do 5s '28 Union Pac 1st 4s '47..... do ert 4 "27 Union Tank Car 7a '30. . . United Drug 8s Inr. of 8. F. 5s V. S. ReaL A Ima. 5s 24 u. . MUDOer IHi '80. . . . U. 8. Rubber Ts '23 U. 8, Rubber 6s '47 tJ. 8. Steel a f. 5s '63. . . Utah Power A Lt 5s '44. . Vir.-t aro. Cbem. 5s. 23. 10S10S 101 102 96 96 Vir.-Caro Chem. 7 a, '32 Vir. Railway 5s, '23 West Pacific 5s, '46.... Sixes We. Pac.. '88 West. Un. ri. est 4a. "50 do mt it Weat'gha Elec 7s. "Si.. Wilson A Co. 1st Ra '41 vvumu ax to, is 65 99 80 105 86 79 84 82 44 70 ,50 90 28 7 5 103 90 102 43 H 106 fig 105i 84 40 88 107 97 9T 88 78 88 95 99 97 106 95 96 106 87 88 101 44 99 92 83 77 82 93 77 76 69 ! 96 76 62 102 97 73 73 90 71 36 19 50 100 93 95 95 98 83 84 79 80 62 94 68 104 88 61 H 54 94 102 98 88 81 91 103 107 82 94 104 101 87 100 88 95 94 84 25 72 64 99 86 105 86 79 84 82 44 68 50 90 27 6 5 103 s 90 tl02 41 105 58 105 84 40 88 107 97 97 88 78 87 H 94 99 96 106 95 Sale, j STOCKS High. Low. 400 200 2600 400 700 200 500 3000 500 200 1000 58001 100 520O 100 3800 200 100 2200 1700J ,Adanis Exp. . . Adrance) Rom . , do. pfd. . . . . Agr. Chem. ... do. pfd. .... Ajax Rubber . . Alaska Gold .. .Alaska Juneau Allied Chem. . iAlha-Chalmera . do. pfd. .... Aa Beet Sue. Am. jsocn . . a. Can. Co. . do. pfd. .... Am. C. A Fdy. do. pfd. .... Am. Cot Oil . do. pfd. . . . . Am. Drg. Synd. d. it a u . do. pfd. 36 35 58 15 H 59 44 ae' " 38 40 99 So 35 57 15 53 44 86 Bid. 62 13 33 33 57 15 8 44 91 36 40 99 150il49 38! 37 STANDARD OIL. ISSUES Anglo Am. Oil Buckeye Pip Lin . Galena Signal Oil 1. . . Ohio Oil Int. Petroleum Standard Oil New York. Standard Oil Indiana .. 91 91 84 100 23 108 106 95 96 106 87 88 101 44 99 92 83 77 82 95 I 77 76 6S 96 76 61 102 97 72 74 90 71 36 18 49 99 93 95 95 96 88 84 79 80 62 94 68 105 88 61 53 94 102 98 98 91 91 103 106 82 94 104 100 86 100 bo 95 91 91 84 100 23 107 105 as 96 64 99 86 105 86 79 84 82 44 70 50 90 27 6 5 103 90 102 42 108 58 105 84 40 I 88 107 97 97 88 78 87 94 99 97 106 95 94 106 87 88 101 44 99 92 83 77 82 95 77 76 69 96 76 61 102 97 72 74 90 71 36 18 50 100 93 95 95 96 88 84 79 80 62 94 68 105 88 W 61 64 94 102 98 98 91 91 103 107 82 94 104 101 86 100 88 95 91 91 84 100 23 108 105 95 96 100 100 4300 500 2800 600 4 4 00 Am. Ioe 12500 Am. IntL Corp. . 2 100! Am. Linseed ... 200 do. pfd. SOOjAm. Loco. .... 100 do.p fd. 900 Am. Saf. Razor 800 Am. Ship. & C. 1200 Am. Smelter . . . 200 da pfd. 100 Am. 8nuff 2600 Am. Steel Fdy. . 1700 Am. -Bug. do. pfd. 2900 Am. Sumatra. . . 6400(Am TeL A Tel. . 3000 Am. Tobacco 11 001 Am. Tobacco 12 600) Am. Wool . do. pfd. Am. W. P. pfd.. Zinc Anaconda Assd. Oil Atchison do pfd. 500iAt Coast Line. . 40O0'At Gulf A W. L 17500lBaWwin Loco. . . 100i do pfd. 2400BaIto. A Ohio. . 600 do pfd. . 6800jBeth. Steel "B". 1 00 i Booth Fish 1000IB. R. T 100. Butte C. A Z. . 200fButte A Sup. . . 2900, Burns Bros. . . . , iCaddo Oil 800lCalif. Packing. . do pfd. Canadian Pac . . . Cent Leather . Cerro da Pasco. Chandler Motor Chicago A N. W 200(Chgo. Gt w.... 1800 do pfd. . . 1400 Chili Cop. .... 1400,Chino , 4400a M. St P.... 8500 do pfd. . . . . 5300Coco Com . . . . 1600rC. A O B". 116 23 46 3 15 68 101 4.-1 33 57 111 115 4 12 46 90 130 32 67 '26 119 141 137 86 24 13 48 103 97 85 89 116 22 46 5 14 67 99 44 32 56 110 115 3 11 45 90 130 31 66 25 119 138 134 83 '24 13 47 101 97 85 88 t STOCKS ! High. Low. UM.' lOSOOiMidvaJ Steel 9400 M. K. A T. Wi... 4200 do pfd. Wi ... .... tMoBt Power. . . u 14600! do - Ward . . -'. . 5 500 Mo. Pac ....... 870OI do pfd. .. 300 M. St. P. A8.8-M. oSOO'Nor. Aran. . . .. ....Nat Biscuit. ... l700Nat Enamel ... owi-aBb Lieaa ...... 300Ucrada Con. .... 2200:New Haven , ... 800 Norfolk- A W. ... 6 900 j Nor. Pac -t . . . ....INova Scotia Steal. iN. T. Air Brake . 1800'N. T. Omtral ... SOO.OUa. Prod. ref... 200Ont SUver ..... SOOjOnt A W KHs Steel ....... 100 Pacific Dev. lOOjPae. Ga FJec. 6000 Punta Allegr.... SlOojPacdfie Oil 1600 Pxn.Amn, Pet... 1000 do "B" 2100;Penn. 81 11 2 14 20 51 67 69 36 89 IS 17 100 80 27 24 107106 6900 2600 100 6500 1800 100 Colo. F. A I. . 1 Cola Southern 5200 Cot Cu A Elec... I 5S00 Columbia Graph . . 1400 Oon. Gaa Com Cigars do pfd. 1000 Ooutl Can Cities Cut Bankers 11500 Cora Prod. do pfd. 2100 Cosden Oil 46500 C. R. L A P 700 do A pfd. 8,00 do B pfd. 107 36 54 64 6 10 5 26 119 74 134 83 33 64 68 7 18 16 25 21 35 45 59 27 107 36 54 63 6 10 5 26 116 74" 131 32 83 63 68 7 17 16 25 20 34 44 58 27 141K)0;Crucible I do pfd. 2 S 00 Cuba Cane 3100 do pfd. 2000 Cuban Am. Sugar 800DeL A Hudson . . SCOOIDome Unas . . . . 400DeL A Lack. . . . 12500jDavon Chem. .. ISOOiEndioott Johnson . 2000Erie 2400 800 8800 do 1st pfd. . . . . Elec'Stor Bty... Famous Players . . Fed. Ming. A Smelt ao pta. FUk Tire Gaston Wma Gen. Cigars ..... 4300Uen. Elec 7 300 (Gen. Motor ..... . . . . iGleoalden 10200Gen. Asphalt iSOOoodncn Goodyear . . . . . . . G anby . , ...... Gt Nor. Ore. do pfd. ........ Greene Cutanea . . Gulf S. Steel 4 00 Houston Oil 900Hupp Motor ..a.. 100iia Cent ........ 6 00 j Inspiration 76 2 93 56 iors" ' '35' " 40 90 78 61 "i6 28 20 113 24 112 61 81 11 18 142 82 100 1200 900 500 3200 '2366 17 90 54 297 14 302 17 90 51 205 14 363 88j 86 17 90 54 205 14 362 86 Winnipeg Wheat Options s Winnipeg. Feb. 21. Wheat: "-Tuesday Monday. Open. Close. Ma 145 i 142 144 July 136 135 136 200 S00 2100 900 800 1100 6800 6900 4200 "5766 17100 1900 Int Agr. Corp. c. . do pfd. ....... lnterboro . . . . . . do pfd. Interstate Callahan Int Harv. do pfd. Int Merc Mann. do pfd. ....... Int Nickel Int Paper do pfd. Invincible Oil ... bland Oil Jewel Tea 3800iK. C. Southern... IK. C. Sou. pfd. . . 7300!KeHy-8pringfield . 2900Kennecott ...... ClOOIKeyston Tire . . . 10 00 'Lack. Steel 600, Lee Tire ....... 2300lLehibh Valley . . . lOOOiLorillard ....... . ICOOlLwe Theaters . . . 500lU A N 2800Mariand Oil .... 110 Martin A Parry... SOOjMay Stores 27400 Mex. Pet SOOfMiaml 7000: Middle States Oil . 74 2 92 55 103 34 38 90 78 59 io" " 27 19 111 24 112 60 80 10 18 ;142 81 38 12 L 68 155 9 63 38 35 76 74 76 15 98 88 9 38 2 7 5 15 72 12 50 'is 1 X7 25 40 27 17 4S 28 61 152 14 113 27 28 108 123 26 13 68 153 8 38 12 40 90 150 116 23 46 5 14 67 101 45 33 57 110 114 3 11 45 90 130 31 67 95 26 119 140 136 85 103 24 14 48 103 97 85 89 5 107 107 36 54 64 6 10 6 25 118 10 74 85 133 33 33 64 68 7 18 16 25 21 35 44 68 26 44 74 2 92 19 46 55 18 1104 113 34 40 90 78 60 81 10 27 19 112 24 111 60 80 10 18 142 81 9 38 12 68 154 ISOOiPeoples Gas 6500iPere. Marquette. 800SPbulips Pete ... 1900:Pieroe Arrow ... 4700iPierce Oil . . . eoOiPitts. Coal . . . . 700iPitta. A W. Ta. 200'Presaed S. Car. . L600 Pullman ....... 1200!Ray Cons. .i.. 15200lReading . . . . . (Remington .. . . . 2200 Repiugle Steel ; 2600 Rep. LAS. .. 200! do. pfd 400;Rep. Motors . . . 3300 Royal Dutch Oil. 600;Ry. Steel Spg. . 5 0O: Saxon Motors . , 12300 Sears. Roebuck . IShattnek, Arix. , SOOIShell T. A T. SO" Sinclair 2400, Standard OH. Ind. do N. 3 I6OO SI088 Shef 6900lSouth. Pacific ... 18300!Sonth. Ry. , 1900'Stnd. Oil Cal 8300'St L. A S. F. . . . 200!Stromberg Carb. . 51500!Stndebaker ISwift A Co 1800Tenn. Cop. A Chem 12400;TexaS Oil 8600i Texas Pacific . . . 700!Tex. Pac C A O. 3400'Tob. Products 3700!Tran. Contl. Oil. . 3700;Union Oil Del. . . . ' 5900!Unkn Pacific . . . lOOiUnited Alloy (United Drug . . . . 2500iUnited Food Prod. 1500iUnited Fruit 400!Union B. A P. . . 1600!C. 8. C. T. Pin. . 5100;United Retail Stores ZiOO U. 8. Ind. Alcohol 3S00iU. 8. Rubber; . . . 200 do 1st pfd 400iTJ. 8. Smelting... 70400 C. S. Steel 600 do pfd. 1400utah Copper 1700 Va. Chem. 300 do pfd. 21900;Vanadium Steel ... .500Vivandou SO 10 31 14 19 49 67 58 SSH 89 12 17 100 T T7 2 5 27 6 06 38 4T 55 49 84 76 24 32 16 8 60 24 65 117 13 75 32 53 83 5 52 98 1 68 40 I 19 86 177 41 85 20 96 26 40 99 108 10 45 31 25 63 9 18 132 27 TT 2 -5 21 '" 66 37 46 53 48 34 75 23 82 15 7 69 24 65 116 13 74 si" ' 52 82 4 51 98 1 64 40 19 86 176 40 84 19 96 25 40 96 107 10 43 30 25 63 9 17 131 27 4 143 67 26 54 45 55 100 33 94 116 62 82 67 36 7 3 142 66 26 53 45 55 99 33 92 116 61 81 66 ! 35 7 32 14 19 51 67 58 132 36 89 13 17 100 80 24 60 77 2 5 21 10 6 66 38 47 54 48 84 75 24 32 16 7 60 24 65 116 13 74 31 131 53 83 4 .51 98 1 67 8 40 19 86 176 40 83 20 93 26 40 98 108 10 45 30 25 63 9 17 132 26 67 3 142' 66 25 53 45 55 99 32 94 116 62 31 86 36 7 V By M. B. Laufman (Special Correspondent of Th Journal) Pittuburg. reh. 21. Tt growth of pay rolls at tha industrial plants of that district is having a favorable effect on retail trad and general bmrlneas. With th prospects bright tor additional erpansion merchants predict liberal spring baying and at sashing winter goods off their shelve in prepare Hon tor special driv No anxiety ia felt her over th proscect of th coal miners' wage scale controversy. One ra tors declare openly that the doom of th United Mineworkera has sounded. Consumers are of tb belief that non-union fie Uia can nrodnea sufficient fuel to cover any period th anion mine may oa lorcea to close. is tb ConaeUsniie district coal production shows an tecresa of about II per cent in th but week and of 5 per cent sine January 1 Tradnra and brokers state teereaaed production in industrial plants has broadened the demand. steel production made th moat marked re covery In several months during the but week. Shading of prices is going on in aereral lines, competition keen for large orders. It be hoved production today ia above the high kvel reached last fail. , OAL PRODUCTION SHOWS INCREASE LUMBER DEMAND ON THE INCREASE MUST GROWERS ELECTl 8660 POU5B8 OIL PRODUCED Corrallia. Or.. Feb. 21. Tha Oreron Mint Growers' Cooperative association held its second annual meeting in Corvallis Saturday, with 50 mint growers in attendance at the afternoon business usaiiin, and th evening banauet Officers of th association are: E B Wal lace of Albany, president; T. Q. Greene of Co burg, vice president: G. T. Moisaa of Gervaia, secretary. These three, with Bird Rickard of Junction City, and Dean Adolph Ziefle of the school of pharmacy of Oregon Agricultural col lege, constitute tb board of control. Mr. Moisaa reported that 8500 pounds of oil of peppermint were produced by tbe association in the but year, from its 285 acre ot mint Th oil is to be disposed of at 31.48 per pound. Minneapolis Wheat Options Minneapolis, Feb. 21. Wheat: Tuesday Monday. Open. Close. May 149 146 147 July 138 136 138 Sales. I STOCKS High. Low. Bid. 800 Wabash ) 7 7 I 7 1600 do A pfd. 22 22 22 do B pfd. 14 ..... Wells Fargo 84 200 Western Pac 16 16 16 do pfd. 51 100 Western Union 92 92 92 700 West'gh'se K. A M-. 56 55 56 West Md. 9 9 9 600 White Motors 88 86 88 600 Willys-Overland .... 4 4 4 do pfd. 25 200 Wilson Packing .. .. 39 38 39 200 Wis. Central 28 28 28 400Woolwortb 151 150 150 SOOIWorthington Pump.. 47 46 46 200IW. AL.E. 7 7 7 500 White OO 8 9 9 Saa Francisco. Feb. 21. lumber mill oeer ations la California have been delayed and movement from the nulls has been cheeked somewhat hut demand for kme building ooer- ationa ia oa th increase, although certain docks cannot be secured by lumber carriers. , -PAPEB Bangor. Maine, Feb. 21. The Eastern Man ufacturing company, which makes about Id per cent ot th writing paper used in the United Htataa, report improwanent in business which began but fall is being maintained. ' COAL AND COSS TjaiontowB. Pa.. Feb. 21. Snot furaare coke range from S2.90 to S3, with spot foundry at S3.73 to 34.25. A eontrant for furnace cok running to July 1 has been made while TS oars for prompt delivery sold at 13.25 and 50 ears at S3, do. 8t Louis. Feb. 21. Th St Load County Gas eomrany; on its own application, has re ceived permission to reduce its gaa rata 5 cent a thousand cubic feet The existing rates, from which th reduction wiU be made, are on sliding scale from S1.S5 per thousand cubic feat tor th first 10,000 to 95c for large oon aumption, Thee ar suburban rate. GLASS Pittsburg. Feb. 21. Requests for window glass were more plentiful during th past week than for similar periods sine January 1. COTTONS Boston. Feb. 21. The dullness in th cot ton good trade has resulted in many New Eng land firms accumulating reserve storks of goods. New Bedford, tbe fin goods mannrertnnng ranter, oner tin at about 60 DST cent of pacity. and Fall River, making slightly lower grade products, is running at about 70 per cent . Chester. 8. C. Feb. 21. Two of the car hartt Denim mills in this section suspended oper ations thia week. The cause assigned wa in ability to diapoae of denims at th present tun. FRUIT Ran Francisra. Feb. 21. Heavy planting ot fruit tree ia reported from all sections of Cali fornia, in tbe nortn. apneota, grape ana ngs take th lead, with prunes and peaches also la favor. BTEEL Chicago. Feb. 21. Steel production reached the highest point in months this week ia the cmcago area, in mill operating net ween 9 a and 60 per cent of capacity, largely aa tha re sult of railroad buying. The Illinois Steel com pany baa just adaed another turnao at Jouet CANNED GOODS Chicago, Feb. 21. A Urge quantity ot canned tomatoes from enrol us army supplies is being offered in thia market by an eastern broker at a low price. .FLOUR Minneanolla. Feb. 21. Flour prices have ad vanced sharply in the last week, reflecting tb strength in wheat but the demand is not so large. BUTTER Chicago. Feb. 21. Signs point to a lower rradina level in butter in th local market with the only buying being don on a hand-to-mouth Total stock sales for the day waa. 1.044.800 shares, and bond sale S13.040.000. Western If arytaad railway ar anl! uuugiwxsid Yr 1 grain anirssveaxa. A bww bsbowbb wf gTBia as 1 being shipped from this port for Baaaisn rafiex aad export hfpmeata to other Enjopeaa Ovagn- tries sis ar heavy. ' . SHOES ' . "5. Fort Worth, Texaa, Feb. 91. Th she Beam, which ha dragged ta tn semiory. saiermoB to be withdraw tram th road. nsniea ra bran ia eaora taasilisaa Bagaott reentry xeerehaata iadicate that they ar will ing now ta buy ta sue bis auenutiee. Sinevara declare tb publie ia Texaa aad Oklahoma ar abandoning the idea that the ahoa. dealer ar saakwg raeeaasv profrta at pteasnt pricea . , JEWELRY . New Terk, Feb. tt. Th diaaread a ahew tng more strength 4a conformity with th rkat in foreign exchange. The wnre of potirram aaa fallen S3 aa ounce, twgwlar being ewotad at S0. platinum with A pee cant indium at $93 aad with 10 per cent iridium at SI Oft. NON FERRO8 METAL Waterbwrr. Conn.. Feb. 21. Tbe taking ewe ef tb America Brass company by th Anaeowd Copper company baa been ' eosapleced and tb plants of the American company bow ar eper- nng a part of tb Anaconda system ot miaas, smelters and mills. FARM PRODUCTS I UPWARD Bf E. D. Jenkins (Copyright 1922. by Th Journal)' St Paul. Feb! 21. Prices of agikaKuial products in the Northwest climbed to record ' levels tor the rear during tb 14 week aad thia has confirmed a growing confidence that tha country is on a surtantaal recovery. Uv stock product show profitable spring sales Flour price bav reeponded to exceptional gain tn the wheat market and railrnadv report greatly increased freight traffic. But th contractors her predict new records this spring in atsSr merits of municipal building operaoioa. Wholesale grot era touring this section aro re porting large and more frequent order rrnsa city and rural eaatoearra, Jobber handling - hardware, aiao drug concern aaa eaafi 1 nenerw. report sales surpassing tbaaa of a similar period last rear. Forest products in th Twin Citw drrmnerl 6 per cent m January. Reque-ta for loans to helo.out tb farmers nave fallen off. TTaa na in Minnesota. Kortn aad Boutn Lkaaot totaled dS2.592.000 on February 15. AUTO PARTS Marysrille, Mich.. Feb. 21. The American Business arompeny, which furnishes brasa piston bushings for Ford and other large an to mobile inanuiactursrs, has received a record volume ot . ' . - . v. .v., ft. , oruer ana, now i vitui wiwi . . . - Baltimore. Md.. Feb. 21. The yarda of the COAST BAJSK STATEMENT Portland Banks 1922 1921 .$3,518,654 S4.S14.59S . 1.727.463 . 4.330.191 946,013 Taoama Banks Tuesday aeattl Banks Clearings Tneaday . . . . Balsnnwa Tuesday Ban Fiwncbo Banks Clearings Tuesday tllJOO.OOO tea An asm Banks Clearing! Tueausy S14.66S4S2 Oakland Banks aearing Tuesday tl.S0T.S0O PACIFIC Oca rings, Monday lances Monday. Clearings Tuesday. Balances Tuesday Transactions 1.034.763 -HoHdaj Holiday ..S2.426.Ow .. 85.71 S.St8 1.123,021 Will Colonlg Mexlraa Lands El Paso. Texaa. Feb. 2 1. Extensive piaaa for 001 fining the 6.000,000 aer ranch ot Luis Terraeas, recently bought by aa American min ing company, ar m extensive ptwoaradogi bar. Tbe tract which lie in Northern Chihnehna, will be cut up into small ranches apd farma. oooooooooooooooooooaaoBBoaooooooooooooaoaooooaoooooaaaaoooaaooaaoaoooooowwwwwwwwwwwww.wwww.wwwwi 'WOWWWWWWWWWW Vw wa- www w w -. ,,, .... 1 1 j 62 37 35 75 73 75 14 98 38 9 38 2 T .6 15 71 11 48 13 1 16 24 38 27 16 47 28 60 152 13 112 26 27 107 118 26 12 8 45 62 37 10 27 35 75 25 73 75 14 98 38 9 87 2 7" 5 89 107 15 72 11 49 80 14 1 17 25 54 39 27 16 47 28 60 152 13 118 26 27 1107 121 26 12 Making money is easy. Saving it requires skill. Freeman, Smith & Camp Co. t iB-aattBAug Ri wm &rswrri a ha Stock, Bosvrla. Cotton, Craisx. Etc. 316317 Board ef Trad BoStCiif Overbeck&CookeCo. DIRECT PRIVATE WIRES TO ALL EXCHANGES Vaataora Chkragw Boajd . at Trad ComiaopdoaU ot Locan Brraa Castas i , jTatr.Terk ' The resources, credit end good faith of South America's third largest country secures , '6 Serial Bonds Republic of BOM VIA Denomination $1000 Due 1926-28 t' OaTaWaaawawawawaB ' These are dollar bonds PAYABLE : IN U.S. GOLD COIN : Priced to Yield 8J2S to 8J30 LUMBBRlMEIITS L Broadway and Oak : : : a o : a o a a i: a a a Our "Family" Is Growing Fine A total of 2200 persons have already purchased shares of our 7 Prior Preference Stock. They represent our Employes, Customers, Patrons and others who have thus voiced their approval of our "Home Ownership" plan which is now open to any individual who has money to invest or who can save 34 cents a day. Among these profit-sharing stockholders are men and women in all walks of life who believe in putting Home Money to work in Home Industry. They are making their money earn money for them and at the same time are helping to provide additional service that will help bring more payrolls, more industries and more prosperity to Port land and the nearly 40 other communities served by this Company. You Can Buy on Easy Terms and Get Attractive' Returns Under our easyi-payment plan you can acquire some of this stock by paying $10 down and $10 a month thereafter, and your partial payments will draw interest at 7 till your contract is completed. By purchasing now at 96 you will secure 73 returns on your money, and dividends are payable every three months. i Besides furnishing you an attractive opportunity for putting your money to work here at home it also provides an easy and systematic savings plan which should appeal to every thrifty person. This stock has priority as to assets and earnings over all the com mon and preferred stock 'now outstanding, and no stock having pref erence over this issue will be created without the consent of the holders of a majority of this class of stock. Ten Dollars is all you need to start. Investigate this opportunity today Use Coupon Below. A mm tr a Portland Railway, Light and Power Company ELECTRIC! BUILDING Portland, Oregon INQUIRY COUPON 1S23 i POKTLA3TD KAILTfAT, LIGHT A POWII CO. of year bihbii taneliasal plaa. Name ............ Street City or Town..... ....Phone. ia ia ia i a Oi a a O! I a: aw. iat :! ;a! ia' !! A' a la !: I: I1 t I: a : la a a a a a : :i oi : 'i 1. 1 W! I . w all la! a a i v