TUESDAY, 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.
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37
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48
13
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16
24
38
27
16
47
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60
152
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112
26
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107
118
26
12
8
45
62
37
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27
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75
25
73
75
14
98
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5
89
107
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72
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80
14
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54
39
27
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60
152
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118
26
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1107
121
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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
:
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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.
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