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

14
TOE OREGON DAILY JOURNAL' PORTLAND, OREGON.
- - TUESDAY, 7 MARCH n 21.V1&2.
T ? "
STEEjj AND MOTOR GROUP -SHADES SHOW ' NEW-?HUJHr?MAaKS;irf 'WEW Y'QRK:'TRADING
I
1'
I
Wl BONDS HIT A S
i;e7 high record
v NEWiYORK BOND TRANSACTIONS II lfDCD tDCfPlIT-
- " ' Beported by tho Journal- Wan Street Bum ' - ' " . I IJIiIDLII I IILIuiI I " "
tlt ' - tHigh. t Low. fClos. I. ,.. ,. .--. -.4, r . .:;-..t
' Stawrt
(Wall Btrest Boresa ot The Journal) -Wall
Street, new Tort. M.rrh J I. ew
Iritk ocSee were recorded Mw W United
war. lwa inn, nraur align. - gam
M th m-
vestment bond list gen
erally in series ef
huM hi tadaatdoal
tmn f 'eCOCkS carried
torn, ( them to
bMt . chsd oo th
1922 movement These
war th, main features
of the day ta Will
1 street Realising
wr again manlfast la
the foreign rxchana
market, and Mill mat.
M ia to grain mai
Hh wheat option at
on, UawObroa' unite
sharply. Bat altogether
then Dot Um
tmporteac attached to th various
that there bad bna to tbow ol
Both Investment and speculati.
lata
fTI
Wall Street, Sew York. Xarek
Tba lnfTaenee of favorable noney eeadl-
tloat remalaed tke aoit Jjanortaat fe-
'Kud. Man. ref- Si Bf
t Sign, t Lw- f Ckaa.
49
laterae
. sovaats
' pteviua daa,
asrketa nn sustained by the very assy money
v eeaxuiwns, v nn can loan renewing at a M
' twr cans, am motvay at e to 4 par
aad awaken' acceptance wall abov thai 4
eewt, tatal. ta, Hew York aioney market stands
. lb Craclatli th, aaai, rdatioa ta tba IMml
i aarn baoka that tb, London aaarbat did two
. BMatb, aaa to tba Bank" of Cnclaad.
. At that tima th, KnclUh bank toamd Iti
baad foroad b Ui, e,aiptlUoa of th, outside
ttHwit BaarkaC and tt camo dowa with iu
awn rata. Similar aetioa br tba raderal Kaaarra
, tanntlas wawM ataa) to b, tnaritabl iinlaai
oar BVHWw awbat nparlescad a vtry nnazpactrd
, rbaaaa. Ctaa awrwffeeUT, thaa tho eradit
aitaatiea la todajr a atock market war, th, raporta
4 Maprorku biulaaaa and a riaint toadaac o(
. art aaa la aa hurraaatm Dambar of eomnxreial
lioaa. It rrrj aicoiftaant that tho ladepawtont
aiaal onnaaiaa ha bWn abla to hold to th,
' bibar vrtaa arala tDaUlaud a aaa ao.
If prlvat, adftaaa aujr bo eradltad, tho rainnf
ol acharinlaa ao far trnta drlin away oaw ordara
. . baa aaaultad ta a daddad aaickaoinc of tho da
wiaad. Tsatorrow a aannarlaa of th, trado Joar-
- nala will W awaitfd with aon thaa tba uaual
bmrnt for thair taattaaoar oo thia polaU R
aaaaM riaaiaably eartaia that tba itrmrtb jaator-
4a aad todajr ia th, tndapasdant ti atocki
' Wat da, aiora to thaa, bottor trad, prapoBta
thaa to tho reriTal of. dlaruaioa absot tho axrger
aaonaalaaaa.
Naw topa for tha yaar In Rtadebaker. and. al
loarlaa tor th, qoartrlj dlridand. th. Chandler
kfoton war, alao dtractlr attributable to tha
rbaaio for th, balUr whlrlt caaa, oar tha
' avitor Imtoatry at tho oat-at of tha yaar and
haa aUadtly boooaa, mora markad. Th, aota
Mont la nolo atocba waa andaatly antletpaUnc
. , that yaftaraar't artloo of alaiwall Mnton in
.! ..aWat artcaa would b, wtdalr imitaUd bafora
vara Ion,. Kquipmant aharaa at on, Um, bad
a UtU, apart and aa uonaual aoaoant of attention
. waa said aa aharaa ,f oonpanla, racatod in
loraa or anathar of tb, earabinc buatoua. Mar,
aaaia ibar, waa aa InUawiLa eoanaotioa botoaon
tM prio, ateaanwnt aad tho lataat trad, raporta.
Alt ' mAi 4 Km T
. . ... . - I lO. UaotrU Sa 34v.. .1
ui awauaa ue ooaa aaarKct ar. ua- u C. aV T. 8tlV.!ySaA.:aJ
n; mw vm aaa hh ma aao hi u ua. a as......
Ml m kept la tt lead ( tho market.
Moat ( tka farcin arrow 161 1 MB
f Uelr Tlfor ka Fnich IHi aaa 8i
aad noTwd rathar - aaaraaJr
below; raatrdar'a naal arieoa. Tho-8a
war eaaoeiaUlr rcaetioury. rraaek city
awkat ivcr ktttr mmt tka SCBartBMat
of tka SIb ? UruNd U b freak Urp,
featar, of tka offortaa- of a, aaw
iaaaa of $M9tXM City of ' Solasoaa
(Fruct) . U'JW . iermal rceoattrae
Uoa aafmrcA r eeat sold boads. !
Tkr wan sou at UK aad latoreit to
yield aaoat 1M ar coat aad It waa re
ported tkat tba aal of tka boada ttm
profracalkr aa.tffaetortly thU afUraaoB.
Swlaa 8a, too, woro aetlyery daalt ta at
tkelr. klfkoat ftroro for the year, aad
Catted Klnrdom of ltt wen
tTOBfor whUo .Voxksa laae were
BraetleaJIy aaekaaired. ' The- DomtolOB
of Caaada tt of 1S1 told off trae
Uoialljr. h . , v
7a
9
1
85 H
12 H
2
84
39
78
NEW YORK BONDS
Kaw Tor. March 21. Total aalea of bonda
on the atock axehanca today wr $21,824,800,
aaainet 816.848.000 yoitorday. $12,844,000 a
weak aco, 7.10.000 a yaar'aco, aad 14.
04 4.090 two yaar aao. rrom January L to
date tl.022.8T8.000 atalnst t66,87,000 a
yoir aco, ana toso.ooo.ooo two yean aco.
High, low and cloainc prioaa an tlTan:
LIBERTY B0ND8
Oaarlnaa Unnday.
lUiancaa Monday. .
riaarlndB Tuaadajr,,
Balaaoaa , Tdaadar. . ,
PACIFIC COAST BANK STATEMENT
Pwtland Bantt
131
..J7.11 tt.K31.998
. l.Ati.91 1.T80.929
4.B0Z.B2T S. 00(1. 047
979.228 1.047.858
Mb
Oaartooa Tnaadajr.. ,181.498 t 818.204
' Taooma Bar.kt
Oaarlnai Tuaadaj $ . 805,000
821,800.000
$ 1.480.400
.818,463.880
Oakland Bonk,
Oaariaoi Taaadar ,
' Laa a.n!ea anka
Uaanao Taaaday ,
. Moaar aad Exehaac,
faw Tork. ktareh 21. (L N. 8.) Call
maney a tho nooc of th, Haw Tork Btork Kx
caanaa tada rulad at I Va par cant, hiab IK
par eaat, law t H par ernL Tim, mnnay waa
ataavtr. Rata, arar, 4 K 4 par cant.
Ta, atarkat for priaa, nwrcamile paper waa
t all Bonr in London today waa I pat
coat.
Mtarlln eirhanea w,a quiet wish timlima In
. bonkOT,' bUla at 14 81 14.
(IntlOOO) Mature. Hirh, Low. Cioae.
Liberty S Via, .82-47. . . 97.84 97.88 97.70
Iiharty lt 4a, 82-47.. 98.00 97.00 98.O0
Liberty 2d 4a, 27-42... 97.82 97.76 97.82
do rat .- 97.88 97.88 97.88
Liberty IniU 82-47 98.24 98.06 98.20
Liberty 2d 4 Ha. 27-42. 98.00 97.70 97.82
do rat. 97.70 97.TO WT.TO
Ub. Id 4 Ha. rac, 28 98.84 98.84 98.84
Lib. 4th 4 Via re., 88. 98.84 98.20 98.20
Victory 44a. 22-dti . .10.90 100.80 100.90
do rat. ;.. 100.70 100.60 100.70
Victory. 3 a. 22-28, . .100.08 100.00 100.00
. rOBEIGN BONDS
Areentma Got. Ba '48 .. .
do 7a
S.d. of Belgium 7 Ha '45.
do 8a '41
do 6a '2t
Chinea, kt. Rya. 6a '51
City of Bermn 8a 45 .. .
I . B. of BraxU 8a '41 .. .
V. 8. of Mexico 5a '45.. .
do large 5a .. . . . . .
do 4a '54
do Irr. 4 Ha ....... .
CHy Copenhagen 5 Ha 'H
I Itr L'hrUUania 8al940
City of Lyona 6a 1934. .
I'ity ManeUlee- Ba 1984.
City Rio d, Janiero 8a '46
nao Paulo 8
City of Zurich 8a 1945..
Rein, 7a 1946. i..
Dantah Man. 8a B 1846. .
Patch E. I. 8a. ...
Dominican Rep. 5i 1938.
Horn. Can. 5H notaa '29
Dutch K..L 6a C. . . . .
iwn. inaoa oa if 41 .
Dutch . L li 1982. . .
french Goa. 8 1958. .
da Ti 1041..,..
Imp. Japan lit 4 Ha 1875
do 2d 4Ha 1925. .
do aterUnc loan 4a 1931
ving. uenmara na ivao.
King. Italy 6 Ha 8er. A '25
Denmark etf. aa
King. Norway 8a 1940...
King. Sweden 6a 1939...
Netherlands 6a
Rm'nl l"klU a, 10"R
do 8a 1041
do 8a 1946. .
Rep. of Cuba 5a 1044. . .
Rep. of Uruguay 8a 48..
State Queensland 7a '41..
do as 14
8wiai iior. 8s 1945. . . ..
Stale Sao Paolo 8a '86. .
Un. K. UtBr.At. ft Ha "25
do 5 Ha 1929 . . .
do 5 Ha 1987. ...
Rio Or. Do Bui 8s. ....
DOMESTIC BONDS '
New Tork City 4 H a 84. . . 1100 H 1100 H 1100 H
RAILWAY AND MISCELLANEOUS BONDS
102 Hi
78 Hi
93
88!
98
104
86 H
BOH
40 H
98H
88H
77H
68 H
58H
62
50
4HI
47
99H
88
63
71
85
84 V
25H
80
75
69 H
14.
Northwestern
Electric
First Preferred Share$
Comparo the equity, stability and
security value of these shares
I (with high-class investment any-
I wnere.
Note the growth of Northwestern
Electric over the four yean past:
Increase Gross Earnirfga..l21
Inerease Net Profit;.4.i".85
1-..... t a.lu 6av
mn s wf ti kaiia;ei til yo
Increase Consumers ......22
Northwestern
Electric Co.
$20,000,000.
;. Concern Serving
Light Heat Poiver
- TO
Sixteen Thousand
Customer
.Northwestern
Electric Co.
First Preferred Share
Tka Btaadard Ia.atm,at Stoek of
i tat Aortawtii
Allegheny VaL fen. 4a '42.
Am. Cotton Oil Ca '81
Am. Rmeltirg 6s '47
m. T. at T. cat. '35. .
do eoL tr. 5 48
Am. 8uc. Ret. 6s
Am T. ft T. t 4H '38.
do eoL 4a '29 1
Am, W. P. a. f. 6 '39 . . .
Ann Arbor 4 '95
A. T. ft S. F. gan 4s '95.
do ert 4a '95
do en 4a '60. .-.
do adj 4a '93
A. ft C A. L. 5a B 44 . .
I Atl. Ccast Lino 4 Ha '64..
do 1st eon 4s 'SZ
All. Fruit crt Ta '34
AO. Refinery 5 Ha '51...
Bait, ft Ohtb 6a '29
dr, ret 5a '95. . .
B. ft O. ct 4 Ha '33. .. .
da gold 4 48
do prior lien 8 Ha '25. .
do 4a P.L.E. ft W.V.dir
do ToL ftCin. dir '59.
do 3 Ha fl'wia dir '25. .
Bsll TaL of Pa. 7a '45. . .
Battle Creek ft S 3a
Beach Creek R. B. 4a . . .
BathLsbera Steel ref. ta '42
do. t. m. 5a '36 . . .
Brooklyn Ed, ten, 5a D'80
Brooklyn V. E. 1st 5a SO
oo. 1st OS stoo. ou.
Buffalo. B, ft P. 4 H s '57
do. 5s 37
Bath Ter. Bldg. 5s '60
CaL Gas ft Elec. 5s '87. .
Canada Southern 5a '62
Can. North, deb. 6 He '46
Can. Pae. deb. 4a
Central Foundrr 6a fll
I -- ; - -
lntru ot ua ny. os
Central Leather gen. bs '25
I Ceo. Pao. gtd. 8 Ha '.
do atd. 4a '49
Cerre da Paaco ett 8a '31
Che, ft O. con. 6a '89.
do eat. ba '49
do gan. 4 Ha "92. V. .
do ert. 4 Ha JU
Chi. ft Alloa SHt '60.
I C. B. ft Q. tea, 4a '58.
do 8 Ha JUL dir. '.
do rrl. ba ,
do Jnint 6Ha '58. . . .
. ft E. L gen. ta '51.
Chi. ft Erie 1st 5a '37.
Chi.. O. W. 4a '59. . .
., at. as ML. p.ert.oaBZ01
do g. aa. 4 Ha '89. .
do. 4 Ha '32.. u
do. rfg. 4 Ha '14...
do. 4s '23 '
da Oeb. 4 S4
' do. gen. 4a ear. A ,'89
do. 4a Pug. Sound '49
I Chi. Rya. Co. B '27
K. L P. rfg. 4a '84 .
I C s. P. M. ft O. db. ta 'S0
- AT x
, (. (Sulject t OtaagO
Represent on of the soundest
Investments in the West.
Share can b parchasod f op cash
or oa tho Sarins) Plan, givirnj
o per cent oo your savings. .
Usil Coupon for Booklet
X0 aTBTrt ESTE K5 XLECTEIC CO.
1. G. Taearaa, Jtmr. fttoek Hale
. Teath aad Washlattoa
Btraota. ParUaal ,- ?. .
(tir : rioaaa avnd mo fun dot alia coo
earning- Nortbwoatara Uactrtb Cora-
pn aharoa. , .
Nama ......
i, i
Chi. 0. 8U. 4 Ha sr. A '63
oo. s -as i..
C. ft W. I. 7 Ha '88.;..
do. 4a '52..........
Chile Cop. en. 7a '21...
wo. eol. tr. Sa S3....
CtnO, R ft Dayton 4 Ha.
u.u.u B. u db 4 Ha '81
CC.C. ft SU 6a. '29.
do 4a. O.W.N. dir. ,'91
Colo, ft Boa. rfg. 4 Ha. '85
COL Una 4k Case, be, 17
do Storage
raB-Tab.-Rword 6a. '4 1
Cock Coal ot Mind. 5a. '50!
too. taa ctl Ta, 34...
Cuba Can, 8 agar 7s. '80.
Cuban Aa.8aarBaV"si
twu uaiiroao. a, ex. .
Cass. Tel. ft TaL 3s. 17.
Dai. ft Hadsoa ert. ba. 'S3
oo ret, . 4a, 848. .. .
do Ta. S0 L .
D. ft R. U. 4 H, '86.
2 itv-
Taa hf . IX Dodra 4a, "3
Dei. Xd. rfg. Oa aa. B., '40
Uatroit EdMOB aa '40 . i.
Dec Ban Tunnel 4 H 61
IWC UOil.. atya, tHl 'S3.
It. Sao. Cor. to 'ST....
TXO. ab Iron Bang, Ba 't
Dapont do Neaa. THa '81
VOO. LC rowar 6a '49
K. T, r. ft Q. aon Sa '56.1
Srtoaawpaa 4a-9..i.,.
do prior baa 4 '94...
. do eat 4a ear. A. '58..
do eat 4a aa B tt. .
da en 4s ear D t. i.
' do en. 4a 1,
Krlo ft Jersey 6a 'tt.i.
risk Rubber Cax Sa '41.
ii. T. ft B. Ca. Sa 'IT..
uranby Mining B 2,
O. T. e;C I, '40.,
ia- Jp4 a a, aj a
O. Nan hern Ta "36. . . ,
aT It- aihi St TU. .
U Lay ft-W. Oeb. B..
87
86 H
89 H
115H
96 H
98
102 H
91H
82
65
88 H
80 H
97
81H
45H
8T
87
33
104
98H
80 Vt
78
79
92 H
76
66
89 H
108 H
60
88
91
88H
107H
80
SO
89
98 H
89 H
91 H
66 H
109 H
"T H
78
97H
96
87 H
84 H
114
99
88 H
84
85
46 H
87 H
79
7
107 H
78
100 H
01
65
8S
,65 ' 1
59
T3H
B
74
67 -
81
T9
93
105
92
87
66
90
115
96
98 H
102 H
88
82
65
88
80 tt
9T
81H
45
87
87
85
104
98
80
78
79
92 H
75 H
60
89
108
60
88
91
88
106
80 H
80
89
98
89 H
91
96
109
77 H
78
97
96
87 H
83
114 H
99
88
84
85.
46
87
79 H
96
106
77 H
100 H
60
65
84
64
68
78
69 J
TSH
ST
80
T9
98
87
66
90
115
96
98 H
102
89
82
65
88
80
9T
81
45
87
8T
33
104
98
80
78
75
66
89 '
108
60
88
914t
88
106
80
80
89
'98
89
91
96
109
77
78
97
6
87
84
114
99
88
84
S5S
46
87
79
97
107
77
109
60
66
85
64
68 H
78
B9
74
80"'
79
98
CUnoia -Steel deb. 4 He
I VI ft Iowa 4a '50.
Indiana Steel 5a 52. .
L-M. H tr. co ctfa. J
a. - T. ref. 5a "OO.,..
Law a-apar oa a
-J do ; A.-. . .--i'i .
L AC Marioea ct a '41..
so ven. i OS -B,ivj
-n xra. -oi ..... i i
at. C. Fta. ft At. aa'te
, South. 6s, '60. i
do 1st 3a. '50 i
Kally-Sprinefield T. 6s, tl
a.ettey wheat a
K. Co. E. L. ft P. . "97
i do 4s atod. '49
L. E. ft West. 2d Ba. 'tlZ
U. a. tt M. iB. JSl 17,
. ! do deb. 4. .-. ij
l. do deb.- 4a. 81 . .
U. V. of Pa. eon. 4s,03
gan. as, IVS . ...
Lehigh Valley . 1928-: J.
lAl. ft Myers Tv 1944.
Long IsL gesw 4a, '38.,-.
i do deb. 5s, 193T.i s. 7.
Loom. Jeff. B 4a '45,,
1 ft N. unified 4a 40.. .
4 O" 5 4 fj - ' , o - "a- v l
do. Ss, BLC U dir. 80i
do. Bo. Kj. M. Jt. 4 2
Manitoba 8 W. Oa . .i i:
Market St, 3tj. con. 5s
wo. o ....... ... -i
Harland Oil 8a war. '31
aiencaa - fat, 8a
MidraJ, Steel cn. ta '36
Milwaukee -U. ft U 4a '27
M. ft St, IV 1st ret'da '49
al- St. P. ft 8. S. C. 5s438
do. 4a "26 ..;....,!
M. K. ft T. 1st 4a 'SO...
do 4a aer. B ,.......
Ida 2d 4a 9,.
do 2d 4s ctfa. '90......
do adj. ta aer. A.v..:U
Ido 6a aer. 0 ....... . '.
do axt ta
Mo. Pae. rfg. 5a '23 .. . . .
;do Sa '65. ......
do gen. 4a '75 L.
Vobile ft Ohio gen. 4s. '38.
Mnt. Pwr.Co.. 6s aer. A '43
Uorria & Co. 4s '39
at Rya. of Met 4 Ha '57
New Oa ft N.E. 4 Ha '59
do Terminal 4a '53..
N O. T. ft Mel. Inc. 6s '85
N. Y. C. ft H.R.deb.8a,'35
ao col is. '3i. .
do deb. 4s, 42 .
do con. 4s, '98
do tit. SHa. '97
N. X. Con. Rys. 4Hs, '58
N. Y. Dock Co. 4a. 81..;
N. Y.N.H. ftH.c3Ha.'56
do 6s. '46 ,.j
do coil. 4s, '66. . . ,-. , i
N. Y. Rya. ref. 4s. '42 . . .
do ref. 4. tr. eo. ctfs.'42
do adj. 5a, '42 i,
do adj. 6s.Tr.Co.etfs, '42
N'.Y.Statfl Ry.con.4 a,'62
N. Y, Tel deb. s. '49. i
do (en. 4 Ha, '39....;
do ref. 6a
N. Y. W. ft Br 4 Ha, '46:
Niagara Falls Pow. 6s, '32
a. i. a. rig. a. ....
Niagara Falli Pow. Ss '32
Norfolk ft W. ert. 6s '29.
N. Pacific 6 8er. B '47,
do prior lien 4a 1997.
. do gen. 3s 2047
N. States Pow. 1st 5s '41
W. mu TeL 7S 1941
Ore, ft Cat. 1st 5s 1927.
Or. Ry.aUtar. con. 4s '46
ure. 9. La. con. gold 5a
do rfg. 4s 1926. . . .
O-W, R. ft N. 4s 1961
Psc G. ft E. 5a 1042.
Pac. B.R. of Mo ist. 4s '38
Packard Motor 8s 1931.
Ptn. Am. PetftTr. 7a 80.
Paris-Lyons R. R." 8s. . :. J
Penn. R. Jt 7s 1930..-.
do 5s 1968.
P. K. R. eon: 4. Ha '60..
do. gold 6 a '36.....
do. G. U. 4a '65...
. ft E. 1st 4a '40.....
do. income 4 '90....
Pere Marq. rff. 5a '56...
rnuippioe ity. 4a -7 . it
rncrce Oil 8s
P.C.C. S. L. 5s sr. A TO!
P. R. I ft P. 5s of '30 '48'
Pub. Ser. of K. J. 5s '39
Reading tea. 4a '97.....
R. I. ft 8. 5a '40........
R. G. ft W. cot V- 4s '49
R. X A. -L 4 Ha '34,,
8 Fa Pr. P. Bs ...... . !
8.UU.48. r: 5a '81
do. ref. 4a '29......
do. R. ft G. dir. 4 '33
8.L.& 8.F. pr. m. 4s A '60
do. 5a ser. B 50. . .
do fen. 6, er. O, '28
do adj. 6s, '55.-. . .-.
do inc. 6s, '60. , . . . .
8. L. Southw, lat 4s. 8
do 2d inc. 4a.
do term. 5s, '52
St P, ft K.C.8h.U4s,'41
a. a. m. A. 1st 4. i
Seab. A. L. Gold sta.4a,'50
ao ng. as. an . . .
- do adj. 5s, '49. . ,
da con. 6s. '45 . . .
Sinclair O. cat. 7 U . .n
do 7a vt
Sharon St. H. 8s, '41...
So. Porto R. sag. 7a..-..
So. Bell T. ft T. 5a, '41.
South. Pac ert. 4a. '29.
do S. F. term. 4a. '50.
South. Ry. eon. 5s, '94. .
do gen, 4s, '56
-do 6 Ha
do M. ft O. 4s. '88. . .
Std. O. ct Cai. deb. 7a '31
. at X to. of A 7a '51. .
Third Aaw. rfg. 4a '60...'
do adj., 5a '60.......
Term. A. ot StL.rfg.4s '53
Tide. Oil Co. 6H-31. .
Union Pac a '28
do 1st 4s '47. ...
do-ref. 4s 2008. . , . ..
Union Tank Car 7 '80..
C. Drug 6s. . Tr,
TJ. Jt. R of S. F. 5s '30.
V. 8, Rl ft L 5s 24. . .
U. 8. RoDber 7 Ha '30..
U. a. Atob. 7a '2i.......
do 5a '47...... ....
V. 8. Steel a. f. 5s '68 ... .
Utah Power ft L. tit 44
Va. Carolina C. 6a '35 . .
do. 7 Ha '82
Virginia By.. 5a '28 . . . ...
Wabaaa lat 6s 88 i ..
Wabash. O. dir. 3Hs '41
wesr.; Maryland 4s 52
West PacUie 5a '46 .,
do. 8 ..... ..... -.'. .
Western Union col. 5s S8
ao. t. e, '86 .
west Shore 4s re. '61
do. 4a '61 a
Westinghoaab K 7a '31
Whaei. ft L. B. eon. 4s '49
do. ref. Ha '66
wick. Speneer Steel Ta"35
vuwn at to. 1st 6a '41
dausTHs .........
Wis. Cent gea. 4s '60
78
86
99
93
79
90
85
99
13
02
84- U
84 KJ
T8
BS
78
85
66
106 H 106
T8 78
98 V 98
OOHt 9
37f 77
93 93
24t 92
87 V 87
7-1 79
102 102
115 J114H
I 78t 78
78 . 1 77
108'i tlOH
OOHt 90
03
00
78
93
88
93
9
03
86
90
40
88
88
T7
68 H
58
81
60
94
47
99 H
88
63
71
85
84
25
79
75
69
101 100
lOO 107
88
80
76
87
81
42
69
42
71
84
7
63
87
80
74
87
81
42 H
68
43
71
84
7
6H
65
104 104
92 HI 91
108HI102H
42 H, 42 H
103 103
107 106
971 91
107 107 H
1074 107
Hafr bo
62 1 82
891 89
107 H 107
97 97
85
09
90 H
78
88.H
8ff
85 H
99
90
78
88
86
108 102
87 87
83H1 83
107 1106
97 M 96
97) 95
107
88
75
31
2H
51
89
94
84
77
84
98
66
79
96
84
78
71
84i
981
78
es
77 '
66
78
79
76
54
37
18
48
163
98
93
97
4
89
81
94
63
94
72 H
106
98
64
63
79 H
100
103
90
87 H
103 H
100
84 H
94
105
101
87
100
90
80 H
93
92
96
87
62
87
(100
94
108
77
80
106
70
50
97
8B
9TH
77
105
88 I
75H1
80
92
51
99 .
94
84-
77
84
93
66
79
79
88
99
93
79
90
85
99
12
62
84
84 H
99
73
89
79
86
66
106
78
OS
9
79
77
is
92
87
T9
102
114
78
77
108
90
102
0
78
93
88
93
99
103
86
0
40
98
88
77
J68H
S3
81
50
94
47
99
88
63
71 -
85
84
25
80
75
69
101 H
107
88
80
74
87
81
42
69
42
71
34
. 7
6
65
104
92
103
42
103
107
97
107
107
. 85
89
107
97
85 -
99
90
78
88H
86
102
97
83
107
96
97
106
88
75
SO
92
51
99
94
84
77
84
93
66
79
99
96
84 H
RATE IS REDUCED
New Orleana. March 21
roads haeo . decided . to raako fratgba rat.
daeoona on southern yellow puM from product ag
temiory to pouta in liunouw Wisconsin ana In
diana, similar ta tba- redaction pot into effect
UM week by th, BoutbaasUrn railroad.
PittbWTL March 21. Bexlaetiaar tho ma
in in bvJldina: onwrationa. wholaaai, bHBber
aalea ha twaobad tha, largeat Totaaa, sine, last
uner. Bayers areearefal and show aa in
clination to market aad In aomo inatancea boai-
i that ta uanalnr auced bora ia coin- ta
other piacoa. oapeeially Cincinnati. Kardwooda
are balding up well, with natnand fair.
; ' SHOES -"-s""
Lna. Mass. . March 21. Tb anion ' ahoa
workers her, hare snat appeal by manoiactorars
tor a 2U per cant wago cat ana an. mriaaia ta
th, working day to 60 hours weak with a
compromise offer of a 10 per cent eat and
lira and one half -day week. Employers are az
pected to reject thia proposal. - The declare
that failure of workers to accept a wag, seal,
which would allow manufacturers a profit hag
kept l,oou persons oat ot work her this
winter. ;. .: .
' eggs ;'- .
Atlanta. Ga.. March 2L Fresh yard
had a new low price this week, whan,
touched 25c a-dosen. -
thay
WALt STREET; STOCK QUOTATIONS
' " - Rsportrd by Orel. Cook, Oov. Board of Trad, BnOding ; -
-v tWaU Straet Jowrnal Barriaw) -
low 'Tork, 'March tU Skovtles ro-
fardiBs; laiBrovoBioBt of reaeral kotl-
0ss araJa foaac that ,tko How Tork
stock kaarket -was aot laeilaoa to ltaoro
tko tlgalfleoBeo of taeraasad cavr load
iBr, (Towias; ttoel orodaetloa after fax
aoodlBs; auk cteariBga. IfcJa tlsma It
i tka meter lasaea -which xonoctao
Uo ekaared attaaUoa ta their lad attry.
Coder toa4enhi of Stadeoaker, wklek
sold at tko boat price alaeo early la 1926,
tha storks la this rroap forred ahesvd
aaAor tko lampetwa of trash baylns; aad
mrroat ahort eovorlar. la tho atldst of
flamr created by tho report that
Chmrlas ' 3T. Schwab woald aacoasa the
rmidias; spirit ot tho proposed ladepead-
eat stool eosBhlao aMvalo aad Betkie-
keat B. sold at aew i hl-h f ifmrea tor
int. - trj- - -
Bat tho laiportamt factor bealad this
inprorement la -the steel shares waa
Bethlehem's remarkable - thowla for
1921 whoa tha. coaaoaay earned. SU-M a
share oa the eoBtmoa stock la tho face
of the- 8 vera depretsloa of tho tteel
trade. Thls eoaelasloa waa- loreea.
borne when the "denial of the etery eoa
eeralas; Schwab failed to .diilodfo ear
lior' advaacet.
Hirh. Low..
96
84
78
69
84 H
Tt8
78
60
77
66
78
78
75
54.
36
18
48
102
98
94
87 H
94
89
81
93
63
94
72
100
97
64
62
79
100
103
90
85 H
103
106
94
94
104
101
80
100
89
90
83
02
95
87
62
87
98
94
!1 07
77
80
106
7t
69
97
95
97
V7
STANDASp OIL, ISSUES
COTTON GOODS
Manchester. England. March 21. The in
qroiry for ootton goods from China haa fallen oft
again, although tba situation in India
slowly lmproTinc.
' OIL '
Galreston, March 21. Th exportation
2O0.000.00a gallons of Texas gaaoline since
January 1 ia th, reason grren for the firm and
Vising tendency ot th wholaaai, oil market. Tha
bulk of tha shipments bare been mada to France.
COPPER
New York. March 21. Genuine consuming
demand for copper haa not broadened in this
country. ' Few factors appear in eTidence here
-which would seem to justify any immediate ad
ranee ia price.
WOOL
Boston, March 21. The woolen and worsted
Industry has slowed down noticeably in the last
three months. Although man n f acturers allowed
for only a narrow margin and baaed prices of
goods oh wool aalu, far below th, present mar
ket cloth buyers hare been rery cautious and
hare not placed aongn - business to maintain
manofactaring operations , at their recent maxi
mum. -4 '
GLASS v
Pittsburg. March 21. The National Associa
tion of Manufacturers of Pressed and Blown
Glassware and the American Flint Glaaa Work
ers' union haa, agreed to suspend tho "sum
mer stop" -this year. Action was based on the
nrosoect of imnrored business.
Charleston, W. Va., March 21. The Libbey
Owens Sheet Glass company will spend $200000
on plant extensions ana, improrements.
COAL
Dubois. Pa.. 'March 21. With a strike
miner In nrosnect, nunfl in Jthe Central Pa
mlrania fields are ODeratrnr practically in full.
Production is larger than at any prerious time I
in orer 18 months. Railroads and other eon-1
Kiimer. are arorina enaL
Unioniown. Pa., March '21. -'" Tho S. C. I
Frick Coke company a coke operations are on a I
basis ot 37 per cent ot capacity, with coal oat-
put on a 65 per cent basis. Independents .are i
producing coke at the rate of 58 per cent and I
coal at 37 per cent It is reported that the!
Frick company will fire additional ovens and en-1
large coal production.
S STEEL
- FarrelL Pa..-March 21. Orders hare been I
receired to prepare eight - open-hearth - furnaces I
' of the Carnegie Steel company for resumption.
The Plant was dosed a year ago. Six more I
hot mills of th, American Sheet ft Tinplate I
cottpany resnmed this week. The- resumption I
of the open-hearth furnaces will be the moat I
important industrial movement in this district I
for a- lone time.
Pittsburg. March Zl. Bane pig Iron is up -5 I
cents st 818 valley. Foundry is steady at 319 j
valley.
HIDES i
Chicago. March 21. Calfskins have moved
op in price on the market her and sheepskins I
are in steady demand. Sheepskin prices have hot I
advanced.
........ ,
ii
63
46
44"
'44
46
155
26
16
71
114
43
83
59
109-
14
63 H,
98 H
34
73
33
122
H87
88""
15
52
97
87
91
108
of
w o o o
39
56
68
7
16
6
30
29
12
76
52 H
136H
74
71
8
19
17
28
23
88
47
62
31
47
, . . . r
3 j
109
63
.1. . .
78
70
84
98
78
62
77
6
78
rs
76
54
37
18
48
103
98
95
97
94
89
81
94
63
94
72
106 .
98
64
53
79 -
100
103
90
87
103
106
94
94
104 '4
101
87
100
90
90
95
92
96
87
62
87
100
94
107
77
80
106
70
59
87
95
97
7T
1051105
lit
103
71
tot
80
86
80
100
91
87
91
91
94
87
108
B9
88
103
78
92
93
43
197
81
80
TT
4JH
103
93
83
19
tl
98
104
102
86
45
62
89
41
80
85
104
99
96
110
103
108 H
96
91
92
15
103
7i ;
101
85
86
9 -.
ia-
87
1
91
L h4
87
m8"
85
86
105
79 -92
'
93
46
107
81
80 V
T? H
43
103
98
88
79
104
102
96
45
62 '
39'-;
41 5
80
86
162
99
02
114
102
71;
101
8t
80
89
99
91
87
91
91
B4
86
10 J-
85
86
105 .
19
92
92
45 tt
107
81
80 '
TT.
Xtt
103
93
SS
T9
43
98
104
163
96
44 .
eo
88
38
41'
80
83
163
aa is
90
116!110
102U03
Anglo! Am. Oil
Anglo Am. Cop. of S. A.
Bnckeye Pit Line.....
Gatena Signal Oil.....
Ohio Oil
Iilinoia Pip, Lin.
Intl. Pete
Indiana Pip Line.,,,.
Prairie Oil ft Gas....
Btanaara uu ouo.i...
Standard Oil znd. ,'. ...
f
17
23
95
45
277
175
IS
104 !
563
379
88
17
2S
95
45 :
275
175-
15 ,
103
563
1379
87
17
23
5
45
27T
175
13
108 7
568 '
379
l87
80TJTHEE5T OREGOIf HOME
1 i TELEPHONE REPOET POOR
Baleaa. Or.. March 21. Tax increases
thaa, offset the increase fa net operating
aor ot the Hem, Telephone at Telegraph com
pany of Southern Oregon during 1921. accord
ing to the company' annual report, just tiled
with tb pubbe auihj, commission.
, Ta report shows a net return of 3.87' per
cant on th, tnvastasent involved. 4 Net oper
ating revaaoaa for th year, iartrr derfactinf op
erating xneMea, are shown as 617,627.89. This
la aa. intra, as ot $1814.77 over tho net oper
ating revenwe of 19zO, but taxaa, which arrre-
gataa sa.l tor -th, year, increased 81959
aver 1920, or eaougb to entirely -wipe eat the
increase ia-operating retwaoat, with $1443
additioaal - -?. - .v,
. Tba. Hossa Independent .Tlechn -coBpany
of La Grand, boweaer. abowa a retorw of 5.9
per oent, tor th year 1921. in its report Just
(iied with the cosnmusion. Net operating reve
aoea tor the La Grand, eompany are gtven aa
S32.16L.6S. an incraaa, of 62288 67. Frem
thia,' however, sawat, dad acted taxaa- totaling
811.882.83. an increase, at 6191.4.69 over 1920.
1-
' Sm too oerairo Float for Xalaaia
Katavaa, Wash., March 21. Within ten fays
Fink Brothers, ,rho maintain a too pei ace plant
at Isreoatieia. wiu open a plant- at aatama,
where, they will snake as f a portion of tb
lock warebaoje. A sooa aa th aper is fin-
atbed three earmeos of Barrel atavas win ee nn
loaded. Abont 15 ssea vnB be ' employed at
presant. Later la the season they win bring
tha plant from Brookftetd to Su
about 50 saen will be pot to work.
PRUNES
Franciseo. March 21. Tb California
Prune brewers association is aDcarantlv boldine
back, as the market is nearly bare, sod demand
strong in ttota the jsaat ana West
Adams Express
Agr. uhem.
ao pro. ...........
Ajajr Bobber .
Alassa uoia . .
A Lanka Juneau.
Alued Uatm.
Aliie-Chalmers
do pfd.
Anu- Beet Socsr
Am. Bosch
Am. Can Co.
do pfd.
Am. Car ft Fdy, . w . .:
Am. Cotton Oil
Am. Drug Svnd.
Am. Hid ft Leather.
do pfd.
Am. Ice
Am. Intl. Corp. . .
Am. Lonseed
do pfd.
Am. Loco.
do pfd.
Am. Saf. Rasor
Am. Ship ft Comrc
Am. Smelter . .
do pfd. ....
Am. Steel Fdy.
Am. Sugar . . .
Am. Sumatra .
Am. T. ft T. .
Am. Tobacco .
do. "B" ...
Am. Wool
do. pfd.
Am. W. P. pfd.
Am. Zinc
Anaconda
Associated Oil
Atchison .... 4
do, pfd.
Atlantic Coast Line ..,
AU. Gulf & W. L ....
Baldwin Loco ,
da pfd. ,
Bait ft Ohio
do. pfd
Bethlehem Steel "B '
Booth Fish .
Brooklyn Rapid Transit
Butte C. ft Z
Butte ft Superior ....
Burns Bros. ........
Caddo Oil
CaL Packing
Cal. Petroleum
do. pfd. . ;
Canadian Pacific .....
Central Leather .....
Cerro de Pasco ......
Chandler Motor
Chicago ft N. W
x. w. ......
ido. pfd
Chili Cop. .......
Chino . . . : . . . ,
0. M. St P. .....
do. pfd. .......
Coco Cola .......
C. ft O. . ,
Colo. F. ft I.
Colo. Southern . . .
Colo. Gas ft Eleo. .
Colombia . Uraph,
Con. Oas
Cons. Cigars
do. pfd.
ContL. Can ,
Vines Stc. Bankers
Corn Iroa,
do. pfd.
Cosden Oil
C. R. L ft P. ...
do. "A" pfd. . .
do. "B" pfd. . .
Crucible :
" do. pfd.
Cuba Cane .....
da pfd. 1.
Cuban Am. Sugar
xkl et Hudson . .
Mine ....
Del. ft Lack. ....
Darison Chem. . .
EndicoU Jchnson .
Erie
do. 1st pfd. . .
Elec. Stor. Bty. .
Famous Players. . .
Fed. M. ft Smelt. .
do pfd
Fisk Tire
Gaston Wmi
Gen. Cigars
Gen. Electric....,
Gen. Motor.
Glen Aldan
Gen.. Asphalt.
Goodrich
Goodyear ,
elranby ,
G. North. Ore . . .
G. North, pfd. .
Greene Cutanea .
Gulf 8. Steel...
Houston Oil
Hupp Muter
ID. Cent
Inspiration
Int. Agr. Corp. c
do pfd .......
Interboro .
do pfd . '.
bit Callahan
Int Harv
L H Marine
do pfd
Int, Nickel......
Int Paper
Invincible Oil. . '. .
Inland Oil
Jewel Tea ......
K. C Southern.
do pfd. ,
KrBy-Sprmgtield ,
Kenneeott ......
kerston Tire ...
Lackawanna Steal
Lee Tire
Lehigh Valley
i-em lam
Lowe Theatres
L. Y N ;
Mar land Oil
Martin ft Perry ......
Navy Stores .........
Wei. pet
Miami.. .. ....
Middle States Oil .. . .
aiidvale Steel ...
Me, Kan. ac Texas Wi.
ao prd. Wi. j. . . . . .
Moot. Power .,.
Montgomery Ward ..
Mo. Pan. .. ...L.....
do pfd. ...
M. Bt.,P. ft 8, 8. M.
-,,, am. , . . , ... .....
National Biscuit
National Enamel .......
National Lead
Nevada Cons.
New Haven .J,. ...C. ..
Ntrfolk ft W. .........
Northern Pacific .......
Nova Scotia 8 teal ......
N. Air Brake
W. T. Central ; .-. 1 1
Okla. Prod, ref .
Ontario saver
Ontario ft , W. ..... ..
Otie Steel .....,;..
PaciSe Dev. j..
Pae. Gas Dee. .....
ronxa. AUegr,
Pacitie OU .
Pan. Anus. Pet
do tt .
Penna. . .1, . .
Pea, Jaa .........
Pere Marquette . . .
Pnr, Oil ...,...
friuupa retaw
jBaea voBstrarooa to jjo jjobo . 1 -'"r'.'." - .
MmneannlB. Marehv Zl.-Cantxaptora navel JJrfw .r". - -!
lMih hdiil aanra -than 11 nnu nnn woHkli!"
of cotaw racoon wane m an, Kiarthweat thai
Shell T. ftfT.
1 HlgK Low. Ctese.
8nelair
etaad.
T 9 , Xa e er -, vs i )
ohii-d.::::;-:: !
W. U 4 a ia ' a ' a J ,
Cleae.
89
i.6
63
46
'48
44
45
153-26
15
TO
112
43
83
67
108
14
52
97
83
T2
82
21
137 '
8.7
15
51
97':'
f 88
91 1
107
88
50
67
6
14
6
25
128
-12
76
51
186
72
70
8
19
17
27
23
87
43H
62
30
47
.. . J
31
101
4
17
"
62
46 -
93
43
44
46
102
155
26
6
IS
70
112
43
34
68
109
113
7
14
52
98
38
72
82
121 H
136
188 H
87
106
27
I 14
I 51
107
97
86
91
29
107
108
38
66
15
6
25
128
12
76
52
88
136
37
35
Sooth. Pacific .........
flWltllW ' Ity, sasa m'm
Stand. OU cal.-.,,
Ba. Lv Ai 8. F. . ... . r, , .
Buoauberg varh. ...
Btodebsker .
Swift ft Ce.'.
Teas. 4'ep. ft Cbans
Taxes Oil ..... ... .
Tea Pacific .
Tex. Pac C ft O
Tab. Products
Iran. ContL Oil
Union OU Pal..
Union Pacific ...... .
United Alloy
United Drag
United Food Prod,...
United Fruit
Union B. V p t
V. 8. C. L Pipe
United Retail Stares. .
TJ. B. tnd. Alcohol....
U. a. Rubber. ......
do 1st pfd.
U. 8. emeltuvg
V. 8. Steel
' do pfd.
Utah Copper ........
Virginia Chem. ......
do pfd.
Vanadium Bled
Vivandoa ...i.
Wabash
do A pfd.
00 n pfd... .
Walls Farm .
Western Pacific
do pfd.
Western Union
Wastinghouse Air Brake.
Wcstinghoose E. ft M. .
West- Md.
White Motors
Willys -Overland
do pfd
Wilson Packing . ,
Wisconsin Central
Wool worth ,
Worthington "Pomp
W. ft L. E.
White Oil ,
Money
43
67
22
0O
28
4JH
10
11
44
33
26
68
16
184
31
188
OSH
86
47
98
r.
43
64
21
00
26 .
4T ;
168 '
11-
44
83
26
82
9
133
81
8
137
03
B6
47
84
89
24
T
ITS
1-41 -
66
22
EASTERH BUSitiESS
nn
IS STILL
....
117 11T
64 64
84 34
39 ii
LO 10 I
.8 6
26 3t
is ii''
'57 "stW
10 16
41 40
9 8
44 42
"i6" '29
'ti 'io
9 9
10 IO
4S
iii
46
164
106
11
44. .
88
26
62
18
133
81
69 "
5
1SS -
63
34
46
47
62
193
10
94
116
68
84
16
38
16
8
25
16
78
18
64
97
81
87
49
6
48
89
29
110
tl
9
10
I 4
IBB
sjriose
tsavktacy
l" a h. a
i Spatial CavTssxwadaat af Tho JewraaL
i sTwaowrg. JaareB ii. Growth a
ewt sa eaaiy alircctiea sjaacsy
amtcs. rvedajctiaa at
of , assay saawafactared
U bardea. Retail sajst are aooat as
a they were a year ago bat the total
ta saoaey vala, of goods a
B BWH hatiae rK,m mmm - - - -
snovtag frawiy aad Uw aharaa wb.
of wiamer aooda ha w
Praetieakr aH the al i..m
uku- imiauai ana an sosae ladlnotftal
aumgn we aswrage prskslily skmt a third
fjfer, Saveral naas ahow a luliui) toward
s a awTwni asa rssalag ta
pace oroera Del or UM lncreaaaa oerwr. Pro
doeUoo of jaaal this week t. Ui, district wS
r""w iwa aaqr aniar parteo that
' ? aawaag " uea aaow awra has prog
sar eaeaash to uadieat, there will 4 a
hwim waiiiii ,es- cars uus eear. Balsa are
pnyeawaaaany ailBlluuj la
aa ! pi iced cars.
P.E.L.&PStiU::
Gaining; Siirplus V
For Year Increased
The
Bairway. LghS ft
al Pebraary sa a
apaav ta
are aa follow -.
Grass earning . ...
Gawas earaitvg ksas
laeiraat . . .. .."".".".
Tanas aad bodge asa
af tho ISitlaad
ainpaay tor tha saasrk
Jwat h sa ay taw
" ; "' Tearstedissj''
r. 1952. raa.3a.i9:!.
..9767024 - 9All-3
439.193
... 357.931
. .. JT9.n0
ah T9.636
-t.99T.100 -
8.874.191 ,
Orwahg amrplas
Aerrwab aad DwJttreaaota hot lamlwaad '
SB As:
Brnfciao faads 9 83.741
Pavuag si eaiBanm '. . . TJ71
Ccasxiwctioa 89.941
. 68.519 S T99.I66
tl.676.00O
127.811
143
Ferelra Eackaace Xarfcet - -
Tars, Marsh I (C. P.t
aras6 at 64.86 tt: fraaa. .BSSS:
hi. .0507: Bsarks. .0083
DssBsad Steruna ta the arteraaaa wa
at 64.38.: fraara .0909; hr 0411;
.OOtt; Danish kronen .3123; Oaaadiaa i
. 1 a.
New
Fewer Coatasvay U Erect Sew BaRdlaw
Oaraallla. Or.. March SO. Tha Mewauata
BUtae Power company, which baa rasa -pasted
822.000 reaaYUwevjnei isspi a 1 asai ats n
he m leal lie avwam an I ' i 1 ) 4. -
aigb-prirad a well early- date the aractiaa of a brick awildtBg eo
th stte af su prawat st racial.
$23,000
I Lassen County
CeUifornia
7.ROAD BONDS DIST. NO. 1
ToUl sales stocks. 970.000 shares.
Bonds. 820.502.000.
OREGON
FINANCIAL
NITS
New Tork. March 21.- Stock Brazil nuts
are arriving here in increasing quantities, but I
buying so far has been light Home trading ' has I
been recorded in. walnuts, with stocks lowland!
prices strongly maintained. .
Kitchen Utensil Co.
' Ordered Dissolved
' New York, March 21. (TJ. Tw,) -The Wire
Goods Exchange, said to manufacture 75 per
cent ot the total output of kitchen utensils in
the United States, wss ordered, dissolved in s
deeree ot Judge J. C. Knox in ttiaj. federal court
Monday: - - s,
Following investigation recently federal At
ir.mev Colonel William Hardwood, charged op
erations of aempaniea in-the exchange were via-1
latint the Sherman anti-trust Uw. 0- I
The exchange eonaisteo or the louowing eom-1
paniea: - - 'Jr . - I
Tho Wk Wireenpany. Bwncer. SteeT cor-1
poratien. ' Brown -Well Brush ft Wire Goods I
company, Hambttn ft Russell Maaofaetaring I
company, F. J. Meyers Manafactannt -company,
Kin bar A Kiick eomDanr.
. In th, decree Judge "Knox restrained these I
ecupanies from any further fixing of prices, I
discounting and trad, . allowances . in connection I
with their business. : .
NEW INCORPORATIONS
Salem, Or., March 21. The Oregon Kslsma I
Ijimber eompsny of Portland, capitalized atl
taOO.OOO, filed arocles of incorporation with
the state corporation department "here Monday.
Tha incorporators arh W, D. More la ad, J. A.
venes ana x. x- aeneae.
Articl wr also , tiled Monday by the Eu
gene Pipe, company ct Eugene, eapitalixed atl
830,000. The incorporators are C, H. Bullen,
W. C. Hall and Howard A. HaS-
Supplementary arbdea filed - by - the North-1
fit Auto ecvnpan of Portland show
crease in capital from $260,000 to, $320,000;
the Beaver island Fruit Acres of Portland show
sn increase m capitalization from- 320.000 to I
$50,000 and Cbarlea Feller, Inoa' ahow a de- I
crease from $15,000 to 810.000,. ;
FOREIGN EXCHAKGE : BATES
v Corrected daily "by tha foreign uchance di
nartment at the United States National bank.
Quotations below (except the pound sterling)
are Quoted on the basis of 100 anita foreign
eurrenev. -
Opoaing nctfiinsl rates oa nsna transactions.
tarart laote . . far
Cheeks. ' Tranafars, - Value.
.$ 4.86 . $ 4.S7 . $ 4.866
8.96
..35
8.06
A.
62
19
17
27
23
87
46
62
80
47
82
8
108
24
42
62
0
103 104 105
-1 113
30 33
41 41
80
57
86
17
88
23
118
28
115
84
114
18Hi 17
.114741147
79
36
83
16
87
24
118
33'i
41
93
79
66
16
37
24
(lis
CONDITION IS GOOD
2 HI 26
115 114
83
11
80
38
17
4
156
10
ei'
39
37
74
74
75
15
102
41
70
88
16
155
10
69
39
I London -
- Lbs. sterling. .
Berlin Marks.
Genoa . Lire. .
Athens
' Drachmas .
...
Christiaaia
Kroner .
Stockholm
Kroner ...
Honxkong - .
-. Correnry ..
Japan Yea. .
Shanghai -
Taeia
B.9T
.35
6.07
19.80s
23.81
19.80
4.40
21.10
17.35
"26.67
55.90
47.40
. 72.10
- 4.42
21.15
17.40
26.12
53.23
47.60;
72.40
19.80
26.70
26.70
26.70
. OaadiaB dollar discoant 4 per cent
. . J' . i ii i J
-"'.Mbb ImBfoTeaieatg "Made at Hin
XhebaUs. Wash. March 21. Many improve-1
meets are being mad, at . the Hanlty null at
Kasmend . which inrtndas a new water tank
30x3iNtcet wtth'o -capacity-of 65.600 gailona. I
This io to replace vt cad 40,000-snlloB took,
whica h) nv a wad condition.- Tb need of a
larcrrvtexik. eeeaoaoned by the contemplated Sn-
ereaae of the- mill's output, alao antes the oon
stwtion of the ' new minor - mpcovements
thiwaahewl the mUl sna replacing of new dock-
tot tacilrtMS. far all indicates the thoroughness
with which the mill is beusj prepared foe its I
of
; -. fr . . .
36
74
"72
75
15
101
40
oi w
83 'i
11
18
1147
79
9
39
16
68-
165
10
43
60
39
10
28
36
74
26
72
75
15
101
Salem, .Or., March 21. Pointing oat that
only four out of a total ot 280 state aad na
tional banks in Oregon were forced to licjoidate
daring 1921. Frank C. BramwelL state su sar
in tea dent, of banks, in his antra al report tiled
with the state banking board here Monday, de
clares that "it ia gratifying to obaerv th finan
cial conditions in Oregon when compared with
other states." Other banks closed er auapanded
were reorganised and permitted to rsanma busi
ness, th, report points oat.
The report shows aggregag resources or the
80 banks in Oregon st the close of business
December 31 ef $288,438,859.49, a net dr-
ise of $64,098,088.52. as comnared with
the resource of the prerious year.
Loans and discounts st the end ef tn, year
aggregated 5169,803.937.44. or a deer ease of
approximately $42,000,000.
Demand deposita show a decrease or 346,
475.875.894.22 sine November 15, 1920. and
United States deposits and postal savings de
posits during the same period dacieaeed $837,-
685.87.
Bill payable, rediscounts and certificates of
deposit representing borrowed money, also show
a net reduction of ' $7,080,982.14. er 41 per
cent since- November 15, 1920.
Time and savings deposits combined aggre
gated 880.769.216.80. a decrease ot 33.572.-
-168.81 since November 13. 1920.
Savings deposits alone on December 11 ag
gregated $59,990,604.69. showing a net in
crease of $T69. 639.69 tor th yaar. ,
v While the . time ana savings aeposus neve
ehown a slight decrease daring the past year,"
B ram well explains, "there is ne Indication that
the people are depletinc or withdrawing '-thi
rial of -deposits, .it is quit generally coooaded
that the saorrecato' decline In time deposits is
chieflx, the result ot withdrawals for investment
toarposes or transfers to either commercial er
savings aeconnta. A large votam, ef time and
saving fnnda have been invested in governssent
ana municipal bono, tn I act, tn, invest meats
in this class of securities have shown a Substan
tia) and' continued increase."
The aggregate invested capital tnd sarptns
on December 81 was 931.089.592.85, as com
pared with $30,762,695 on November IB. 1920.
prniy mu oi me loa state oanaa oeeiareo
dividends during 1921. these dividends aggregat
ing $729,011.82, or approximately 7.07 per
cent on the invested capital. Forty-three banks
sustained an actual net loss aggregating $406,
888.67. I
Banks now in liquidation tncmde the First
8tate hank ot Philomath, American. Bank ft
Trust company of Portland, Bsnk of JaeksoB
vilie. Crook County bank of Prinrville. Lafayette
State" bank and. th Nehalem Valley bank of
Wheeler.
$
AT PAR TO YIELD INCOME
Dated January . 1822. Due Sortajiy 1111-1117. I -X2v
Denominntiona $1000 aad 174$. I J tAEMPT
.r
Principal and oernl-anrwial interest (January 4 Lb and July 4th) payable
at tho office of tho County Troaaiirer of Laaaen County, or at the office
of Morrta Brothers Corporation, Portland, Oreton.
FINANCIAL STATEMENT
Aaaeosed valuation of taxable 'property. M!0 $ .044.19
Actual valuation (estimated) ,r. " 11,000.000
Total debt, lncludinc thaa issue ; lll.WO
PopulaUoa, 18 ISO".
Taaaen it one of tho important ecnintJeo of Northern California, and ia
Supported chiefly by lumbering, agriculture and stock-raisinr indugtrieo.
j ;' fc
Legal IavoetaieaU for Orer a Sarlart Baaki
TeleBkoBO-er'TcIerraph Order at Oar Expease
Morris Brothers Corporation
Morrig BaJUtar
Broadway till
Portlaad, Orefoa
SM-Ill Stark Street
Sale BcBoalt Boaoa
s
b f s a -
Pitts, ft West Va. ..... J
coswxaoted for exceeds 85AOO.OOO and bads naval i,""?."'
beam asked oa $7,000,000 worth of public boild-
xugnway - eaasxxwnBsi wui oe ettesssive. i srz i -. --"
3
9
16
71
15
47
18
1
e Ba
26
66
4?
30
19
60
S3
60
16
26'
28
128
28
14
35
13
$4
16
22
64
as
66
86
19
101
78
36
8
- 2
.22
12
16
60
42
40
66
60
87
82
27
31
86 H
17
0
02
28
8
8
15
70
15
45
17
1H
25H
56
45
29
17
49
82
59
is
. . . .
25
27
12
28
13
88
13
S3
106
96
81
108
il ;
" Fnraltara Hospital One Bed "
sSprinfffieM. Or.. March 1. Thomaa McKin
nia and B. riean have opened a tnrsutore aospitai
in V,-t ALain street.
Ray.
Flee trie Sarvcytat Crew Workiac - I Repubim i. ft a. .......
.ieaxage una, sjxv, saarcn ii. . Theanp-1 .v
at the lauformarraaxm Elertne Xaght ftl.sawrs ............
Power eesnpany'is in town with tb sum-ring I Koyal -Uotch oa ........
company. 1 hey will begin work en the clearing I Stoel Bpg.
of the right of way a Creawell Monday and 6axoa Motors ...........
will soon be rn toa Groae, They wui hire' Sears Roebuck
local men to work en the Job. . bnaltnrk. Axis. .L
T2
120
16
74
87
as
77
7
83
71
16
zz
64
68
86 '
18
101
71
ze
87
- 3
6
ZZ
11
8
O0
42
49
60
60
87
81
37
80
86
17
8
60
37
ri
118
ia .
74
86
8
82
a
70
Soissons Bonds
For Reconstruction
Are Now Offered
offering
40
0
41
3 -
8
6H
95
15
70
15
48
17
1
19
25
66
45
ao
17
49
82
60
148 .
16 .
IS
25
27
11
22
28
14
S3
13
83
65
16
22
84
62
B3
185 -
36
89
14
19
101
77
26
6$
87
2
o
22
11
00
43
40
66
60
37
Bia
37
80
86
17
si
70
120
13
74
86
It
62
77
Ttt
82
96
TH
Birth. Witter company are today
new issae. the 86.0O0.0O0 City of
France. 15-yesr external reconstruction secaredl
6 per cent gold loan, non-callabla.
The funds derived from thi lean will ba used I
exclnuvely for th, reconstruction of fixed prop- I
erty in thu city which suffered eerevaiy from I
Ui9 German Invrjion. Ex-members ef , the
K. F. who visited Soissons under arras, or other-1
wise, can well realise to what good purpose Uus I
loan can be used. - i
Tha bonda are issued in $1000 denominations. 1
dated . November 14. 1S21. du November 141
1U36. and parse I m tnitsd BUttes gold coin.
TU French goaernnant haa aontraoted to maksl
annual payments us esulieient amoante for 1
tereet and. retirement ef - the entire lame at
before maturity.
' The security is being offered at 85 to yield
7.e per cent.
GOVERNMENT SEEKS BIDS
The United States army, through its Seattle
office, is advertising for bids on 3300 tone of
coal for nse at Camp Lewis, aenrrding to Cap
tain Vara Painter of the aoerticmajiter office tn
Portland. AU bids toast be in Seattle by March :
Z3. A poruon. or the- oeavenes most be snail
before April 1 and the remainder by July 1.
Maay 7(ew Lumber Camas Ope a
lbehahs. Wash., March 21. It m the belief
ot lumbermen of Raymond that activities will
b normal within SO day as the logging industry
is packing op rapidly. - The Bonsst Timber com
pany haa sdded angle eamps a and 12 and two
sides st camp 11, Butico, and a stngle. camp
at Bosh. The Kaymood Lumber company a
operating single aide- cam pa at .Davis and Bart I
and a temporarily oowa as its Bedfare camp.
laying Tail into a new body of timber which a
betnt let led. - Many ether mnipanim are adding
A First Mortgage
on the properties of the
Montgomery Ward
Warehouse Corporation
The property covered hy this mortgage con
sists of the better part of a square block in" the
new manufacturing and warehouse district of
Portland, together Jrrith a nine-storv reinforced
! concrete warehouse. The land and buildings to
. gether have an approximate value of $1,650,000.
Buildings are insured for $1220,000.
These bonds , are in denominations of $1000,
and we offer them at & price to yield 7. They
. mature serially in from two to five years. Your
; interest and principal are' unconditionally guar
anteed by Montgomery; Ward & Company, Inc.
Write or telephone for descriptive
cireiilar, also for "Elementary
Principles of Saf e Investment,' a
booklet which we have prepared
for you. Ask for it.
BLYni.VrrTER. Co.
Fourth and Stark Streets 1
! Broadway 6481 1
' ESTABLISHED 1501 - .1-
GEORGE BLACK
& COMPANY
Certified Public Accountants
Worcester Blinding i
PORTlAND. OREGON V
Goaoral Praetleo - - layesLratioag
cstaio wora . :.
- Special aad Periodical Aaditt :
Stoclia, Zonis," Cfttttyta, Graim, Etc.
J1S-317 Booird of Trado BtCaf
Overheck
&CookeCo.
DIRECT- PRIVATE WIRES
TO ALL EXCHANGES
r U embers ChVagw Boar. t Trade -
torrerpoadeata of Iofaa ft-jgryaa
Ciitaro . Jkiw foth
6
Improvement Bonds
PENDLETON
.LEGAL INVESTiLENT FOR ALL
. SAVINGS BANKS IN OREGON
4, AND, WASHINGTON." . '
fneome Tax Exempt . ..
: These bonds axe a general obligation
of PenDetpri,'one of the wealthiest . :
' and the most - substantial cities of
Oregon. The actual estimated value y
of taxable property is $10,000,000. ;
Its net bonded deb $234,000..
B0NDS DUE.1922-33 DEN $500 -
BROADWAY and OAK . ; :
f
M
i