THE OliEGON DAILY JOURNAL, PORTLAND, OREGON.
FRIDAY, MARCH 24, 192-
STUDEBAKER AND STEEL. SHARES REACH HIGHER IN THE EARLY NEW YORK TRADING
STEEL SHARES AT
NEW YORK BOND TRANSACTIONS
' . , t : Krported by the Joaxaara WB Street BlRU
A HIGHER
PONT
I
f. We.
af TIm loral)
r.n M l Mr Tort. Marsh 24. A rather
.! uout ef hesitation nt shown ia ail
tee kuhti today. It was evtdea
eoooatng epeeuiative fa-
vsamv
SHORT LIWE HITS FAR
Wall Streak Haw Tork. March I-
Orrroa Short Lisa Ss touched pax im tke
Bond saarket today. Tka awTaiat at
bob prices UUf Indicated that little
a was i felt orer lae aay
tka bouse at eoldler koaaa bllU. ik
rty koala, arnica wtra expected to re
flect first whatever lectin there was nc
8-ardIar .tka i axanUra aeuoa, 7 kept
steady aad tka market e-eae rally worted
klrher. Mitt of tka forelg-n roTerSBteat
i... niui Us hut rraetktBallTJ . Tka
iia. '"i JE. IS featnres af tka arena war tka 8 win 8a,
exeheoea, resulting tai ep orer sv point, aseuynsa ijmm ,
tMt weakness n 1 nu d bhMui Ha A aaa at aaa see
bave. Tbei foreign I levels, jhwsj a " -
eie b a aw ea, toehxnng I toads sold off oa the eoatlnaed eater
marks a well aa atan-1 .!.- hmHIh that Milt leal ul niU
etal reUtloB betweea that eoaatry and
.,ui ti ia tha tka Halted States. The late leaders at
Oirau lurauattous I foreln BOBd Catted Klagdoai ,H aer
matter. They were net i.-.., ..a tka Freaek 7V4S mad 8s
ta do m uck I .v.. r .tarda and franca.
Tba principal changes I WB1CB were BxarsiBB; xuoe,
la ue U'Miatni aaea usi were upweru. 1 mrvr vMK BONDS
esernmer ! I t. Tark. March 24. Total sales o bonds
1 . ' . , . K Qff AAA
Particular iaOraet was Ukaa la the United 1 oa we owe xnange nw " ' " -
. . . . ... k-.k - u.imt 1II IM OOO MBtFTIUT. ai7.09.UUW I
nuw l""ni .T-'TX. I m SA1 AAA
m L4 . k - - t imihi ir'a vntlcx ao. nonaw w
tn
vanld Ilia wtMam U IWUlW't
Um bM aa tba aotdivr bonoa biU. Tha
( the T&rioua Ubart lama atitu
haa haaa InUrnraM M aa lirrlno of baltaf
Ulhal Saaplta tha aaormoua mtjarttj to tha
Inwar braaeh of aoncrtaa this mawara voold not
Wfa a tew. or It aitsbt hara mmna
man of tndrrrarraea bceaaaa for at laaat thraa
frtn ta anana ao laronuDantal inaaeioc
4imI Om raqvirad wbttmr hatipana.
OoaratWina (or Ux rwa la atoeka
t BtaMwaor and tha atMl aharaa, whaa
nmntimm (or tha darllna ooocmLratod
arwa tha Itaikma tHl and tha ansar atoeka.
I Tha turn huh nrlaaa (or StwUbahw
aatpaaial r axtraaialj optiouatla pradietion
. arrtain tha ropon (or tha (hst quarter at
1 922. wbila tha atraocib ml tha aUala waa far-
! tlxr kwtoal nmm to th anocam o( tha tn-
6ipt Mailt enaspajuaa In attlnc thronsb thair
bmliar piina anaiaa. Whca tha a achadula
m anaonncad a fnrtnMjbt thnr eam ta
Irr ajunh kptiral ananaaat la tm trada oh
etrm. Mat nnar it ahnva to hara beea a rarr
' at rrwtl aaaa. (oral a f tha hand a( prrwaarini
tMMi bj kiijwr aad taartlng ta a aharp Ineraaao in
i: SrauiKi.
two yaara aao. From Janaair 1
78,000 acainst t68T.lS2.000 a year ao, and
88J, 742,000 two yaaraco.
UBKKiritU.tUB
High, low and rioain prlcaa are cien:
Tha tal
hlMH
la h
at ftaqarnt
Mailaan OUa
la ataalraa Patraamm aim aa-
t that tha attuatloa ta tba
untrr la on of tha treabl apota
aaarkat which ran Da rcllad apoa
onoMiona to braic ahoat noaatlla-
tha mtmMI that
aianta. o raaaon waa afiparaat ta tha lufir
trad nawa (or tha bnk la tha rofar atoeka.
Tramaurilr It nothlnt atora than tha
andotna ( apaeulatioa that had baae pnahed
furtnar tnan waa wurantad by tba Improrrment
that baa artaailjr oerumtd In tha outlook (or
tha hsduatri
task Olaaa Strooa
Today'a atnek markot ekwad ganarally atrone
atfrr a aartaa of vary rnnfnaina noranrate in
ladtrldnal atark. KTtdantlr ona art o( tradn
wa wnrklna to brlna about a raaetlon. whOa
another -pL wara tniun bi (nrtbar onarattona
(or tha rta. Tba award taadanrjr ' waa plaiaar
ai int iwa oiaa at any ataca aunng tba day,
Petition Is Fil6d
For Reorganization
Of the State Bank
Aa affnrt la bains atada to raonaaiM tha
Rial Hank of Portland, according ta a petition.
filed ta tha dinult court Tharaday aftanxxm by
Frank C Braatwall. atata bank aaparbitendeaL
Bramwall autaa that ha wlU ramalp ia chari
af the bank during tha paiiod of 60 days al
kiwarf by law (or raorganiaatloa.
Chart K. Walkar. 5. T. Utnime-hmr and May
nard Radmond have baan naaiad aauatant aupcr
IntanaVnta at 1250 a atnnth earh, and tbey are
aiaklna inmrtortaa of the aaarta.
Tha petition aaka that H. Gordoa'a plan for
rW-nring aa liHtebtadnrai of 136.000 be ao
eaptad by the eoart and that the ptngna saade
to laf be approaed.
Uherts IKl 8J-47
Liberty I Ha. rag.. 82 47.
Ubrrty lt 44. SZ-7..
Uberty lat4a:rec. S2-47
Ubarty 2d 4 Wt. 27-42...
Ubarty 2d 4 Ht rag. 27-42
Uberty Sd 4 Ha. 38
Ubarty Bd 4 H rc 28 . .
Uberty 4th 4 Wa 38
Ubarty 4th 4 t reg. 88 . .
Victory 4 22-33
Victory 4 a a rrg. 22-23 . . .
Victory Se 22-23
Argentine QorU ha '49.;..
do 7
kd. of Belcram THa 5
do 8a '41
do 6a '2S
fit, of Bergen 8a '4 J .. ..
City of Berne 8a '45
City of Bordeanx! 6a 'S4. . .
City of Irona 6a '84
nts nt MarmeiUe 6a '84 . .
Cttj Bio da Janeiro 8 1
(,Hy of Bao Faulo B w. 1,
City of Enrich 8a '45
brine 7a
Uaniah MnnL 8a A '4.. ..
do 8a B 48
Dutch E. L rcta. 6i
Dora. Can. 5 aotea '29..
do 5 '26 ... L
do 5 SI ..
Puteh B. L 8a of '62
French Got. 8a '58
dn 7 U '41 J
In.p. Japanew 1st 4 Via 25
do atrr. loan aa ii..
Kd. of Denmark 8a 45.
do a ctfa .........
Kd. of Italy 6 a aer. A 25
Kd. of Norway 8 '40 . .
Kd. of Bwaden 6 '80. . .
Kd. of Netherland 6a ..
Rap. of Chile 8ai'26 .. .
Rep. of Chile 8ai"41
do 8a '46 .. J
Ban. of Cranur 8 '46
8tete of Queensland 8a '41
do 6a etfa
Swiaa Oor. 8a '45
8tate of Sao Paolo 8t '36. .
U.K. of O.B.Lj 8 Via '22
do Ha '29 1 . ...
do 5 Via "17 . 4...
Rio Gr. Do Bnl
I High
H06
792
9830
9782
9822
9772
9838
99101
9832
9812
10090
Low.
970
9792
980K
9782
9770
9772
9910
9884
980
9802
10078
1006110060
1000
83 Vi
99
109
108
103
108 V
112V
86
86 Va
86 V
102 Vk
102 Va
112
95 Vi
110
110
94 I
100 !
98
98
94
107
102
89
75
110
97
94
111
100
94
101
103
104
106
108
loo
119
104
10002
83
99 V,
108
107
102
108
112
86
86
86
102
Close.
9796
792
9820
.9782
f9776
772
9938
9910
9832
9810
10080
10062
10002
83
99
109
108
103
108
112
86
86
86
102
112 112
94 95
110 110
109 LI 10
94
99
98
94
106
102
89
74
109
97
111
100
94
191
103
103
108
108
99
117
104
104 1104
105 104
100 I 99
101 1U1
DOMESTIC BONDS
V. 8. of Braail 8a. 41.
UB. of Mexico 5a, '45.
do large 5a
do 4a. '54
dn ' lrr. 4.a ........
N. T. City 4 a, May. '57
do 4 a, rtor.i o i
dn 4 Via. '65 . . .
do 4a of 1971
105
67
53
46
35
105
105
105
105
104
56
53
46
85
105
105
105
105
94
99
98
94
106
102
89
74
110
97
111
100
94
101
103
103
106
108
1100
119
104
104
104
100
101
104
: 56
i 53
46
: 35
105
105
105
105
6
10 -,
04
0
86
95
13
12
ew
7
83,
5
73
40' ;
83
85
65
10
84
77 j
93
1
6
9
78
114
78
90
102
61
88
99
103
97
86
40
99
102
88
77
88
58
82
50
94
100
95
62
9 I
94
84
95
75
69
98
VEDKRAL BESERTE BA.AXS
SHOW LARGE GAI58
nrmli radoetlona of t53.900.000 In the
hnWinga af dtaoaanted and parehaaad bUia, aa
, against an incrraaa of 1128.200.000 in tba
holding of trraaury certifleatea, aooomjpanlad by
an aweewe of tl3S.400.0OO hi total depoaiki
and a rwrnetian of tK.8U0.00O ia federal re
aerve note eirculatioa are indicated ta tba fed-
ara. man board a weekly bank atateeaent le
aned at tha clone of bueinaai March It. 1922.
loM raaareee ahow a gain of 110.180.000.
while total onaa Minn inereaaed by 87.400,-
900.
Aa againat a daareaaa of 17. 400,000 in grr
emment depeaaa, mwnbera nei re depnaitaahow
aa innreaae of 1135.600.000 aad other de
neita, eiaMpoaad largaty of eaahier'a ehaeka and
n-maihrm clearing aooounta, aa inoraaaa of
S 1 5.200,000. Tbaae tnoreaaaa repreaont mainly
payetenta to the credit o( the banka (or matured
' raftHW-ataa aad will largaly be wiped out dor
Ins tha following days aa tooome tax ohecas
drawn oa the banka are cleared.
RAIL. WAT AMD MISCELLANEOUS BONDS
Adams Exp. col. HI. a. o
Ajax Rubber 8a
Alaska Q. M. eT.db.6aB'26
Am. Agr. Chem. 7, '41
Am. H melting 5a, '47...
Am. T. T. crt. 6a, '25
do eoL tr. 5a, '48
Am. Bne. A Rfg. 6a . . .
Aav T. A T. era. 4a '33
da. crt, 4a as.
do. cot. 4a '29.
Am. Wtg. Ppr. at f. a '89
'89
'95
'52
75
100
10
101
89
114
96
98
102
83
89
82
68
87
87
88
80
89
103
103
98
80
78
79
91
76
89
75
100
10
101
89
114
96
98
102
83
89
82
66
87
87
86
80
38
103
103
98
80
78
78
91
78
66
88
mHERMK' STRIKE AT
BEEDSPOST IS SETTLED
Heedavort. Or.. March 24. The controversy
and strike here betweea the fishermen aad' the
fieri enaipanies oa tha river, which baa been on
(r the last tw weeks and ceasing the fishing
Industry to be at a standstill, was brought to aa
end late Monday might, when the companies
Reeled aotiraa that all fisherman that atUl re
fused ta fish before 13 o'clock Monday would
not be allowed to fish for tha company at any
time this year. The porting of this notice
eaoeed a number of the mea to take out thair
neta. The earne price aa waa offered by the
eoainaaies, that of 14 cents par pound, wag sc
repted by the fteherewa. ' The local union here
had heid out for IB cents par pound for tha
eprtng run of aaiasoa.
Warm Rata Helps Alfalfa
rreewater. Or., Marrh 24. The warm raina
ef Tuesday aaea haired thinga wonderfully in
the alfalfa rertna. The season ia ao backward
Wis tb-fanaera are . ail behind in their work.
The fal) erwa wheat waa mostly s failure, aa
. the anew (rem tha avmataina melted so rapid'y
that moat of the grain waa washed out, In
meat of the reetsawo the farmers hsre had to re
seed. Tbe plewmg. needing and pruning ell
raaae at enre and there are ao idle hands in
t'reewater and vicinity
Creamery ,te-kBOdn Meetlac
Career. Mareh 14. The Clear Creek cream
ery keM Its annual etorkheMere' meeting oa Mon
day. Mr. smith of Lngaa waa alert wl si on
ef the dirartnra, K other change waa made in
' tbe direr terete. T. .B Anderson, eerretsry. and
B. K. iMmw, eashier of the Career Bute bank.
r, were reelected.
Maat Xarast Ckaar Haadt
Caie Rork Wash. March 24. Prank 'Wolf
the Home Meat
Market, to
ferine of Beaum, Wolf
enla kia kneiaim.
B. B. BVnwnde and U.
will engaa la stork baying. The new firm at
re Bmuaeaa at Heattie and wig eparat la eon
Junrtioa with the city market ta buying aad
asUlae eloek for tha aaarkat,
Maax Bastaess Ckaar Mad
Castle Reck, Wash. Mareh 24. Castle Rock
Bttdaigciiaa aa eptdvmio ef
ta
tha past week. Tha pioneer fine, of Booth
, LeaepBia anal their store building and huge
stork ef graaral merrbandise to O. - Hanaon. a
funnel CasUa Bark lurideat, hat wke has been
a etnre at taaar tor tbree or (aer
Mr. Booth will am bark in tnarasaa
athee piaee. Mr. Laaapkia wiQ remain ta
Ann Arbor 4a '95...
Amr. A Co. rt ea. 4 a
A. T. k 8. Fe gen. 4a
AO. K. AC. 4a
A. C.UL.A N.ool. tr. 4a
Aa Frt. crt. 7 '34 . .
AU. Bfnry. 9a '31.
AUaa Pdr. 7a '36. .
B. A O. 6a '29
do. ref. 5s '95 ... .
do, crt. 4ai'8S. .
do. gold 4a '48. . .
do. nr. in. 3a '23
do.4ir.L.E.& W.V.d.'41
do. 4 T. A O. dr. '59
dn. 3a 8. W. dr. '25
BU T. of Pa. 7a '45 107 1107
n m. f - . I SO f fiS
rteecu . revs - i " " i ' '
Beth. Steel 1st ext 5a '26 . 1 97
do ref. 5s '42 92
da d. m. ta '86 1 89
Braden Oopper 6s '31 95
BJwt. 7th Are en be '43. 63
B. K. aen 8a sex D '30. . .1108
Brooklyn Ediaon !5a '40 ... I 94
B. R. T. 7a "21 . .1 75
B.R.T. 7a Tr oo etfa at '21 72
Kklyn Unl El 1st ta '50.. i 81
Bush Tcr con 5a '55. .1 87
do BuikHng Ba '60 89
Canada Southern 5a '62... 96
Canadian North 7 "40. . . 110
do deb 6a '46 1109 109
do is J 7TI 77
One of Ga. Ry. 1st 5a '45 98
do a '29...J 98
Cent. Lcath. gen; 5a, '25.1 06
Cant. Pac aid. 4a. '49.. 83
Cent. Pac. Bb, Line 4a. '64 80
Cent. R. R. of N. i. 5a, '87 106
Cam de Pasco crt, 8a. '31
thee. At Ohio crt. 5a. '46
do gen. 4 a. "92. . .
do crt -4, 'SO. . .
Chi. A Alton rfg. Sa, '49
do 8 a. '50
Q. gen. 14a. '58.
3 a, 10.1 dir.. '49
ref. ta .1.
Joint 6 Ha. '38 . . .(106 106 V
ec Erie 1st 6s. '82
Chi. Gt. Western 4a. '59
aM.A8.Pcn.5t, tr. B, '14
do tea. 4a, 589
do g. nv 4.' '89.
do crt. 4 s. 1832. . .
do rfg. 4 a, 0014. . .
do 4a. 1923.1
4. Pug. Bound. 1949.
C. A N. W. gen. 5a. 1987
do den. sa. iss. .
do B, 1936. ..
do 7a. 1930
C Rya. Co. ta. 1927
C. R. L at P. gen. 4a, '68
do rfg. 4a. 1984. ...
a U. 8. 6a. 1963...
C A W. L 7a, 1935
do 4a, 1932.1
Chil. Cop. trt 7a. 2S..
do-col. tr. Sr. 1982..
C. C C.A S Uoeb.4 Vts.'Sl
do gen. & a.
do G. M. 4s. 93..
do 6a. 19
Colo. A Sob. 1st 4a, 29.
da Kg. s. IS...
uoa. uea
C. B.
do
do
do
do
TO.
97
93
89
59
62
107
94
75
72
81
87
89
96
110
98
98
96
80
106
75
100
10
101
89
114
96
98
1102
83
89
82
68
87
87
86
80
89
103
108
98
80
78
78
91
76
66
89
107
88
97 .
92
89
5
63
107
94
75
72
81
87
89
96
10
09
77
98
98
96
1 .
18 113
88
84
85
57
45
87
79
98
87
84
85
67
45
87
79
6
89
61
66
74
84
4l
5
78
67
103
97
109
89
61
85
74
84
4
58
73
67
103
97
108
106 106
80 I 79
82 82
79l 79
114 114
101 101
7 J HI 73
101 101
88 I 86
a. Ku Si ST.
bnainma ehsngea I Oeaap.-Taa. Record 6a. 41
Conaoa. Uaal of atd. Sa, SO
tXna. Baa act. 7a. Z
Cora Prods a fJ 5s. 14.
Cuba Cana Sue ta etfa, 80
ao Ta, 30 .......
Cabaa Railroad la. 53
Caaal'd TeL A Tel. Ba. 81
Uei. 4k Hud. crt. ea, IB..
An asmin, 4 Ua 99.
Beak Stock Hast Be Assessed do rec 4a. 41.......
BatHa. Or.. March t4.-8h.tua of bank ateck aT JT Vi 55 '
araa be aessmsed at their true cask Tatae. ao-1 2? Shwti .?
- - J BBB. SB Sat MriRallal BNiM,. gt I !
RB.-tas,alK aTA Sa,n a a I "w awasraaawm
84
B
79
99(
1
TV4l
B3
931
87
84
96
79
9
1
87
1
93
8SH
. CTsl
V Inkle fog the lnformatsoa of the
do ooa. 4s, St..
Da,
kVuaoa rfg. 6a
de 5a. 81
aer.B,40
reattrr iBdattry Tkrlrtt
ekeh, Vraak.. March 14. Tha Bwoltry
Tares are bem tsetaUed I Jiz?, a. 5SI' . I
S?? RTaa-Va. 4t Ga.oou.ta,' 5
eietn7. i mm . j ei bts eena
edjaiiat Se Bsase, eewenl of them lanre
former
me af
duatry most
try
eftai
ftrtlra ticsBire Varkst
rtest Tort, March 94. V. Pt Daaaaad
arartiae agiand at 94 38. fraaoa .9904. lire
.UBi maria .vvevm.
da ta. '4ft
TW fTn. Rra. 4a. ti
Ma Match deh. f a "8S
poatu imaa are greatlr tam
thru? Ooeas. I TW Kara fteiraf tL IT I l ?'
profitable, W. D. Bechanas, pom-1 f,S La. i
areeaala, kmaniwd U the Basse ebsb thia do ei7 A. M
- - ' n
tub reweiu er taa uubmm Haarn eompaay:
abuwa net aaminaa after rhargea and taxes ef
ll.ST1.409. Thm la enual to S SS a share
aa aeeuiet 113-St ia 1920. Tha regular Boar-
aerv ainuaau ea dee waa urea) ran. -'
wo oca. d, ee..ew
do Bar. D, '51......
Rrie Cernaaea ta .....
Hrie A Jersey Se. 'St....
PVk Rubber Co. 8s. '41
Ph W. A I. City let Be. '31
Ft. W. A Rio U, 4 a. '-
r,. H. a a. ts-.. U.-..
Gea. Elen. aeh. eV 49.
ta. 'S3 .
fc R. C. 8a. '41
6ear T. A
j . , ....
wo ea a set . .
Cr. Tt, of Csa. fta,
'48.
do 6s "a
Great Korthern 7a 3
da 4- a 'l ...-.,
do 8a
fJrn. Bay Wast. deb. W
H. A ht. ref. Se, aer. A '87
V do adj. inc. Se '67 . .
nimcss Central rfg. 4a 'tb
Interhoro-Metro. 4s '56
do 4 Via Tr. Co. etfa. 'SB
Interb. Bap. Tr. ef oa 'B
interaau. ArncoX aa 32 .
Int. Paper Se B '47J . . ..
Inter. Mere. Marines aX Baj
1941 . . . ...
lows. Central 1st Ss '88..
do rfg. 4a '61
Jaaestown F A C 4t '59.
h.. U Sonthern 5s '50 . . .
do 1st U '50
Kelly Spring. Tire 6 '31.
Lackawanna Steel 5s '50.
Lake S. A M. 8. 3 s '97
: k. deb 4a "28....,..
I do deb 4 31. ......
Lehigh Valley t '28...
Liggett A Myers Se '51,.
Long Island deb 5s 'ST..
LoriHard Co. 7a 1944 j
LooiaTtfle A Jeff, bridge
4a 1945
L. AN. unt 4a 1940...
do Ss
do 3r St L. die '80 . .
Market St. Ry. eota, Sa '24
Msrland Oil 8. war. '31..
Max. Pet. Ba 1936......
Mich. SUte Tel. 5s 1924.
Mtdrsle Steel crt. Sa '36.
Mmn.8tL. lt rfg. 6s '4 9.
It. 8t.P. AS. S.Maria &s '38..
do 6a 1931
do 4a 1926.
M. K. A T. let 4a 90 ... .
do 4a, aer. B
do 2d 4 etis.. 90 . . .
do Sa, aer. A
do adl Sa. aer. A .... .
do 6s, aer. C
Mo. Pacific rfg. Sa 23....
do rfg. Sa 26
do gen. 4s 75 ..... .
Mobile A Ohio new 6a 27
M. A O. St. L. A C. 4a 31
Mont. Pr. Co., 5a. aer. A 43
Mom Co. 4 He 89, . .
X. Orleans A N E 4 a 59
New Or. Terminal 4s 53
New Or. T A M inc. 5a 35
T. Air Brake crt, 5a 28
N.Y.C. A H. R. deb. 6a '85
do. rfg. A imp. 4 Ha 13
do. coL 7s '30
do. rig. 3a '97
da deb. 4s '34
da. M E. 4s
N. Y. Cm. Rrs. 4s '53
!. T. C. A S. U dh. 4s "31
N T G.E.L.H.A P.p.m.4s'49
N. T. N. H. A H. 6a '46i
do. deb. 4a '56.
do. of '51
N. Y. O. A W-. gen. 4s '55
do. G. M. 4s
N.T.R. rf. 4s t. c cfa. '42
do. adj. 5s '42
N. T. S. Ry con. 4s '62
N. T. T. gen. 4 s '39
do. ref. 6s of '41
.V. T. W. A B. 4s '46
N. T. Ed. ref. 6s of '41
Nor. A S. 5a, aer. A, '61.
Nor. A West. con. 4s. 96.
do crt. 6s, '29
do dir. 4s. '44
Nor. v Pac. 6a, aer. B, '47.
no prior Ben 4s, 97 .
do gen. 3s, '47
Nor. States Pow. 6s, '41.
do 1st 5s, '41
N. Vt. Bell TeL 7s, '41. .
Or. A C. 1st Ss. '27 . . .
Or. Ry. A NaT. con. 4s, '46
do con. os, 46
do rfg. 4s. '26.
O.-W. R. R. A N. 4s, '61
Otis Steel 8s
Psc. Gas. A Elec. 5a, '42
Pack. Motor 8s. '31
Pan. Am. Pet. A T. 7s. '30
Paris Lyons rood. 6s. . . .
Perm. R. R. 7s. '30
do 5s. '68
Penn. R. R. con. 4 s. '60
do gold 6 a, 1936.
do G. M. 4s. 1965
do gold 4s, 1906.'21-'41
do con. 4s. 1948
P. G. A C. of Ch. fis, '47
Peo. A East. 1st 4s '40.
do income 4s, 1990 . . .
Pen. Mar. rfg. 5s, 1956.
Philippine Ry. 4s. 1937.
P.C.C A S.L.5S, ser.A70
P. R. L. ec P. OS. '43
Pub Serr. of N. J. 5s, '59
Prod. A Reg. 8s
Reading gen. 4s. 1997 . . .
Rep. i. St. 5s. 1940.
R. L A. A L. 4 Ha. '34.
Santa Fe Pres. 6s
8L L. L M. A S.ien.5s.'31
8. U A B.F.pr0ien45.A-'60
do os, ser. B, 1850. .
S.L-AS.F. gen 6s ser O
do ad. 6a 55
do inc 6a '60
S. U S. 1st as '89
do con 4a '32
do Term 5s '52
S.P.AK.C. SbX. 4a '41.
8. A. L. G. sta 4s '50
Sea. Air Una adj 5s '49. .
do eon 6s '45
Sin. Oil ct 7a '25
do 7 W. I
S. S. H. os '41
8. P. B. S.' 7a .
S. P. a 4s
Sou. Pac crt 4s '29. .
do rfg 4s '55
Sou Ry. con 5s '94
do gen 4s '56
do 6s
Spok. Int. 5s ..........
Stand. Oil Col. deb. 7s '31
Steel A Tube Co. of Amer
ica 7a 1951
Third Are. rf 4s 1960
do adj. 5a 1960. . . .
High. 1 Low Close.
02 101 102
108 i 1107U7
fct 88l 88
96 Vs
79
66
8S
95
18
12
Btt
76
83
S
74
89
83
85
65
105
84
77
93
91
6
93
78
114
78
96
102
61
88
1 98
103
97
86
40
99
102
88
77
68
58
81
50
94
100
95
62
102
87
94
84'
95
74
68
98
:
101!101
87 I 86
107
76
87
58
87
84
81
69
49
46
71
66
33
7
66
92
103
42
107
65
87
107
84
107
85
62
79
89
107
97
86
100
89
79
97
88
1U4
97
83
107 H
96
95
106
88
88
88
86
75
32
94
50
95
84
79
101
84
93
80
99
96
70
84
98
78
62
76
74
79
78
53
19
49
103
99
95
97
92
89
86
94
. 63
95
77
106
106
76
6
1
7
B
85
5
18
12
60
76
83
5
75
49
88
85
65
106
84
T7
93
91
96
93
78
114
78
cr
102
61
88
98
103
97
86
40
99
102
88
77
68
58
82
50
94
100
95
62
102
87
94
84
95
74
68
98
101
87
107
76
LUMBER MARKET IS
MUCH STIMULATED
57
87
84
81
68
49
46
71
61
33
7
66
91
102
42
107
65
87
107
84
106
85
61
79
89
107
97
86
99
Baa rmnewee. Mareh 24.-The iBToaeing i
mand for lumber from the Middle West and a
decline ia freight rates ta tba Onset has SQmu-
mfratae mmbar aaarkat.
TEAS - " -
New Tork. March 24. Greater strength
manifested in the market here for J arm fa
in rearjanse ta sdTsAres . in nrieaa at nrunanr
ten. The trend of prases on old form anted
tees ia npwsrd. . , i .
MAPLE STJGAR i
Detroit. March 24. The Michigan maple
euxsr crop the. comics eeaaon ia being apt to be
tbe shortest on record. ortaem Michigan er-
ehairnsta say. Tba disastrous February aleet
storm broke off thousands of limbs and destroyed
moat of tha hoda. . Grower declare that permit
ting the trees to rrcoperste thia year s tht
only thing that aria make a crop in 1923. Most
of the large owners bare decided ta follow this
SHOES
Brockton. Mass.. March 24. Shoe .maaufae-
tnren here hare reduced the price of shoes 25
to 50 cents a pair wholesale. About 21,000
workers were affected br the waa eat of 10
per cent which preceded the reductioB.
GLASS
Pittsburg. Pa.. March 24. Decision will be
made at a conference in Washington soon on
standard classification and nomenclature for plate
and window glass. Plans to simplify tbe build
ing glass trade hare been under the direction
of the bureau of etandarda.
COAL AND COKE j
BrownsTflle. Pa., March 24. The La Belle
Coke company baa been sold to the American
Connellsrille Coke Co. of Pittsburg. The plant.
idle for 18 months, will resume operations at
WALL STREET STOCK-QUOTATIONS
Cache Os.. Basra of Trada Building
Sew Tark, Xarck !4-(TJ. P.) Steel
aad motor ea more ware Strang aa
1 ITsw ' Tark stock exekaare today,
hut the was a eontinaatloB ef ares,
sure bb sarar stocks. . -
Adraae la steel Issues was ta Battel-
aatloa of advaac ta prates ky the United
States Steel reraXieB. Btndeaakcr
furnished tha - fireworks ef the ssotor
dlTisloB, Btakiar . aew klfk for tke
year wader keairy h Byrne;. -
As Botated oat ky Dow, Jeaes m Co.
Thursday, tha decline la sagar Is da as
Btaek to a weak teeknleaj aosltloa as
BBTthlag else. However, trader ased
tke redaction ta refined prices today as
another excuse for selling- thia gTona.
There was little la tha aews ta affect
tke market obb way or aaotker. Tke
kead of tke largest coal dlstrikattag
eoBtBBBT la Chicago does aot oxaeet
Ions; coal strike aad says his eompaay
Is aot flUlBs; lta yspds to capacity.
rrocrs
da rf d. . . . . .
InviacQtm Oil , .
Island Oil
Lfewet Tea
K. C Bouthera .
fc- tx Boa. ptd,
Kany-Spgfld. . .
Ksanamtt . . . .
hveystana Tiro
High
Tire
I Lehigh VaUew
.v . , .iLarillard . . .
. . . . . Laere
- . . fl. A N.
17
1
19
25
'44
.. Z9
..I 18
-.1 49
SH
sa
148
1
..IMarmad Ofl ... ..
. .(Martin 4s Parry .,
..May Storm ,
..IMex. Pet, ...
.. heal
. . Middle States Od.
. .iMvrrae Btad . . .
. . M. K, A T. Wl .
. - do ptd. Wt . .
. .(Mont. Power
. . Mont, Ward
. . Mo. Psc
do pfd.
-1
STOCKS
300
300
600
1400
1800
270O
1800
8400
100
600
57
87
84
81
68
49
T?2
61
S3
7
66
91
103
42
1107
65
87
107
84
106
85
62
79
89
107
97
86
I 99
RUBBER t
New Tork. March 24. The local rubber mar
ket is marking time to some extent in anticipa
tion of announcement from London that rabbet
production would be sharply restricted.
STEEL i
Chicago, March 24. The TJaited States Steal
corporation .is one rating in this district at 69
per cent of capacity with 15 of 27 furnaces in I
blast. Gary Bar mills are running at 80 perl
cent 01 capacity and the leading Independent,
now working at 60 per cent, expects to increase
production soon. Four large railroads are about I
ready to place car orders.
20W
2200
1800
1900
1600
800
Adams Express . .
Advance Rum . . ,
do pfd.
Agr. Chem.
do pfd.
Ajax Rubber . . . .
Alaska Gold
lAlssks Juaeau . . .
Allied Chem. . . .
Albs-Chalmers . . .
a. Beet Sugar. .
n. Bosch
n. Can Co.
do o(d.
Am. Car A Fdj.
do pfd.
a. Cot. cm. . .
do pfd.
Am. Drug Synd .
n. Hide A Last
do pfd. ....
Am. Ice
Am. Intl. Corp.
Am. Unseed . . .
Am. Loco. ....
do pfd. ....
Am. Saf. Raaor. .
Am. Sbip A Com. .
High . I Low. I Close.
63141
llOOiAm. Smelter
200
JARS
Kane. Pa.. Mareh 24. The Sager Jar com
pany of Buffalo. N. T , has purchased the plant!
01 tbe PennsylTsnia Stare company at He tula.
and is converting it into a factory for the I
'manufacture of the Sager vacuum r.
8OO1
16001
80fi
500
870C
HATS
New Tork. March 24. Opening prices of I
men's felt hats to the jobbing trade for fall de-1
liven are reported to be 10 to 15 per cent be
low those which obtained last year. Quotations I
run irom eiz.uu to S3U.OU a do sen.
1400
200
600
7400
2800
1
CANNED GOODS
Chicago. March 24. Trading in earmed mods I Bionnl
continues slow, but there is a good demand for
high grade peas for quick shipment.
LIVESTOCK
Chicago, March 24. Farmers are getting
good prices for hogs in this section, although
prices have slumped somewhat recently. A record
production of pigs is expected this season. Pack
ers report the export trade outlook to be gloomy
ana couecaons only isur.
10800
200
1300
78
97
88
102
97
83
107
96
95
106
88
88
88
86
75
32
93
50
93
84
78
101
84
93
79
99
96
70
84
98
78
62'
76
74
79
78
53
19
48
103
98
94
7
92
89
85
94
62
94
77
105
Tidewater Oil Co. 6 '31;
97
64
I 52
101
108 1107
Tl T
85 83
85 I 88
79 I 79
93 I 93
96l 0
89l 8
89l 89
80 i 80
44 I 4t
48 I 43
41 41
77 77
108 1103
8 I 98
9SH1 93 Vi
TTI TT
107 MOT
104 Va lies
103 10S
96 1 96
106 1108 Vi
esvel at
i 01
89)
89 8
aa I as
86 '- f 86
104 104
B9 I BB
19 79
87 I 87
IBS IIOS
9 I 98
14 114
09 HI B9
80
106
13
87
84
85
87
45
87
79
96
106
11
89
61
74
84
64
58
j7S
67
103 i
7 Va
108
106
;0
82 :
79
114
101
7 3
101
86
84
96
79
9
81
87
82
87
108
83
83
79
90
89
89
80
46
48
4V
T7
102
88
77
TOT
104 '
103
8
108
t
11
41
104
?
T8
87
IBS
8
114
f
ToL St U A W. 4s 'SO. I 65
Union Pacific 1st 4a 19471 90
do crt. 4s I 83
do ref. 4s 1003...... 86
Union Tank Car 7a 1930. 103
United Fuel Gas 6a 1976. 95
C. S. Real A Imp. 5a '24. 94
C. S. Rubber 7s 1930. 105
U. 8. Rubber 6 1947... 87
U. S. Steel a. f. 6a 1963. 101
Vir.-Caro Chem. Sa, '23 . . . 97
do d 6a, '24 ... . 79
do 7a, 82 95
Virginia By. 5s. '23..... 93
West. Maryland 4a, '52... 62
Wast. Pacific 5a, '46 .... . 88
W. Un. real est. 6 a. '36 108
Weathae. Elec 7a. '31 106
W. A Lv E. con. 4s, '49. .1 67
Wilson A Co. 1st 6s. '41. . I 96
do crt. a, '28 86
do 7i J 97
STANDARD OIL ISSU:
Galena Signal Oil 4
Ohio Oil 27
Ulinoet Pip Line 100 -
Intl. Pete, 15
Standard Oil. N. T 378
Standard Oil. Ind. 87
79
97
88
103
97
83
107
96
95
106
88
88
88
86
T3
32
93
50
95
84
79
101
84
93
80
99
96
70
84
98
78
62
76
74
79
78
53
19
49
103
98
95
97
92
89
86
94
62
95
77
105
AUTOMOBILES
Jackson. Mich., March 24. A most unusual
condition aa regards deliveries of cars has de
veloped here. A local Dodge dealer ia accept-1
ing orders subject to two weeks' delivery. At j
this time of the year companies are usually able I
to make prompt shipment. Tbe Dodge factory I
is maJnng more cars than at any time w ita I
history, running dose to 700 can a day.
' LEATHER
Philadelphia, March 24.- Shoe and belting
manufacturers have recently placed orders in this
market for 22,500 oak backs. Demand for
upper leathers is quiet,
HARDWARE
New Orleans, March 24. For the first time
in months the hardware trade is showing a
material improvement. Passing of the fear of
price cuts eeeme to bare stimulated disposition
vt accumulate stocks among the retailers.
COTTON GOODS
Manchester, England, March 24. Among the
most cheerful indications of the cotton goods
trade is the increased demand for Mulls. Cheot-
ies and Jaconets for Calcutta. Tha Indian mar
ket for print cloths has been hampered by the
Heavy charges 01 dyers and calico printers.
DRTGOODS
Chicago. March 24. Distribution of whole
sale drygoods so far this year haa been less than'
that for the corresponding period of 1921. but
collections are improving noticeably.
11600
PACIFIC COAST BANK STATEMENT
Portland Banks
1922
6.627.191
1.562,915
4,502,327
979.226
4,690.930
998.818
3.639.908
815,087
4,092.441
805,557
Clearings Monday . . t
Balances Monday . .
Clearings Tuesday . .
Balances Tuesday. . .
Clearings Wednesday
Balances Wednesday.
Clearings Thursday.
Balances Thursday . .
Clearings Friday . .
nuances trndsy . .
97
64
52
101
65
90
92
86
103
94"
94 v
105
87
100
97
79
95
93
62
87
107
106
67
95
85
97
E8
46
23
99
14
375
i 86
1921.
5.853.933
1,730,929
5,006,067
1,067,858
5,157.569
831,340
4,299,171
1,019,912
4.084,999
1,002,851
97
64
52
101
65
9 or
92
86
103
93
94
105
87
101
97
79
95
93
62
87
108
106
67
95
86
7
stat
23 f
99
16
376
86
San Francisco Banks
Clearings Friday
Seattle Banks
Clearings Friday
Balances Friday
Oakland Banka
Clearings Friday
Let Angeles Banks
Clearings Friday
.$17,900,000
.$ 4.688.816
. 1,165.592
.$ 1,941,700
tl2.714.010
Indifference Still
Shown in Drygoods
do pfd.
Am. Snuff
Am. Steel Fdy. .
Am. Sugar
do pfd
Am. Sumatra .
Am. TeL A Tel.
Am. Tobacco , . .
do "B"
Amer. Wool . . .
do pfd
Amer. Zinc . . . .
lAraconda
Associated Oil . .
Atchison
do pfd.
Atlantic Coast Line
Atl G. A W. 1. . .
Baldwin Loco
do pfd.
Balto. A Ohio
do pfd.
Betht Steel 8 ...
do a
Booth FUh
B. R. T
Butte C. A Z
400 Butte eV Sup
2300Burns Bro.
Caddo -Oil
Cslif. Packing
Calif. Pet
do pfd.
Canadian Pacific. .
Cent. Leather
Cero de Pssco. . . .
Chandler Motor . . .
Chi. A N. W
Chgo. Gt W
do pfd.
IChili Copper ....
Ohino
C. M. St. P
do pfd.
Coco Cola
C. A O
Colo. F. A 1
Oolo. Southern . .
rCol. Gas A Elec. .
Columbia Graph. .
Con. Gaa
Cons Gigars . . . .
Contl Can
Cities Stc Bankers
Com Prod.
do pfd. ......
tCosden Oil
a R, L ec P....
do A pfd.
do B nfd.
Crucible
do pfd.- ......
Cuba, Cane
do nfd.
(Cuban Am. Sugar
Dei. ft. Hudson
Dome Mines
Dei. A Leek. 1
Davison Ohem. . . . 1
Endicott Johnson .
Erie
do 1st pfd. ....
Elec Stor. Bty. . .
Famous Puyera
red. Ming. & Smelt.
do pfd.
Fisk Tire
Gaston Wins.
. Gen. Cigars ......
Gen. Electric
Gen. Motor ......
Glen Alden
Gen. Asphalt
Goodncn , .
Goodyear
Granby
Great Nor. Ore". . . .
.Great Nor. pfd.
.Greene Cananea . . .
.Gulf States Steel. . .
.Houston Oil
.Hupp Motor ......
Illinois Central
Inspiration
Int. Agr. Corp.. e. .
do pfd.
Interboro
do pfd
Inter. Callahan I . . .
Int. Harvester
do nfd.
lint Merc Marine. .
do pfd.
66 r
15 14
46 46
89 88
'ie' 'ii'
-
'63 62
43 44
41 40
43 41
46 45
101 101
155 154
118 118
25 24
36
70
97
32
121
135
133
86
51
107
117
7
18
51
96
35
68
97
31
120
135
133
86
50
38
96 96
90
28
107
Nor.
lOOlNat,
Nat,
M-SCP. 4k aB.M.1..
25
113 I
119
Z7i
13
34
13
82
16
31
OS
Aba
Blaruit
66
IS
ss
88
14
20
10
T
11
1
18
86
....
29
17
41
32
B8
148
14
as
2
112 .
117
2TH
13
83
12
82
"is
21
63
64
18
34
88
14
19
100
74
85 I
2H
8
u
8
38
48
62
47
37
79
27
I 29 27
86
IT
8
61 27
7
76
83
16
8
27
70
i 71
.1125 ,12S 124
.. 14 14
73 j 73
37
71 68
87
43
60
30
47
82
3
109
86
46
60
29
46
81
3
108
62 I 62
20 -20
104 104
114
35
40
92
78
57
114 1114
83 Hi 35
5500
.lint, Nickel
27
114
79 78
59
39
27
86
.73
78
74
15
101
40
58
3
27
35
72
71
74
15
101
39
15
70
.INat, Lead
.iNevada
.(New Haveu
. Norfolk . W. .-.
.INor. Pac
.(Nora Scotia Steel
IN. X. Air Brake . .1
4000iN. T. Central ... I 86
. . Klkm. Prod. ref. . . . Vt
..lOntario Silver j a
. . toniano at w 24
. . (Otis Steel .
. . . (Pacific Der. V
., .Pac. G. A K. ... 67
. . -IPnnta Allegre ..a 39
. . . Pacific Oil 49
. . . Pan. Amn. Pet. . . . 54
- .1 do. "B' I 48
. ,.Penna. 87
... . rm uea . .i 80
. . . Peru Marquette ..) 28
. . . r-ure uu I SO
. . . PhilBpa Pete I 35
. ..IPierce Arrow ....I 17 i
. . . 11-ierce oil . 1 a
. . . j Pitts Coal . 61 H
. ..(Pitts. A W. Vs. ..) 27
oo. pi a.
. . . Prsd. sa Car
. . . Pullman ....
. . Ray Cons. . .
. . . (Heading
. . .(Remington 32 Vat 8
. . . Beplogle 8teel 31 j SI
, Bep. LAS 52 60
... do. pfd. 77 76
. . . Rep. Motors f H 7
. . . Royal Dutch Oil . . 53 62
. . . Ry. Steel Spg. ... 96 96
. . . Saxon Motors .... 3 8
...Sears Roebuck ... 72 70
. . . Shattuek. Aria. ... 8 8 i
. . . inneu T. a 1. . . 39 39
. . .Sinclair 25 24
...ISloas Shef 42 40
. . . So. Pacific 85 85
. . .ISO. Ry 21 21
... Standard Oil Cel... 95 94
... do Ind. 1
. . . do N. J 172 1169
.. St L. AS. W 28 I 27
. . . stromoerg laro . . .1 46 44
. . . Studebaker 106 104
... tswiit at uo. ...... I
Term. Cop. A Chem. 11 Hi 10
tTexae Oil ....... 1 43) 42
ITexaa Pac . . 82 31
Tex. r-ac C at U. . .1 23 25
lTob, Products ....I 61 I 61
. . . . 1 iTsn. uonu. uu . . 1 v H I
Union Oil DeL .... 1 18 17
union rac 133 18
United Alloy
. . . . I United Drug . . .
. : . -ICnited Food Prod.
(United Fruit . . .
200Unlou B. A P. . .
U. 8. C. 1. Pipe.
j United Retail Stores!
U. S. Ind. Alcohol.
C. S. Run. . .
I do 1st pfd.
. U. H. Smelting
U. 8. Steel
do pfd.
Utah Copper
Va. Chem. !
do pfd.
Van. Steel
Vivaadou
Wabash
do A pfd.
dn B pfd.
Wells Fargo
Western Pac
do pfd.
Western Union.....
West'hse A R
do E. A M.
West MA
White Motors
WUlra-Overiand
do pfd.
Wilson Packing ....
Vt oolworth
IWortbington Pump.,
W. 4 I. K,
White Oil
Money
Total sales
75
11
1
18
a
48
29
17
48
33
68
141
18
118
Bl
26
28
III
118
27
18
84
12
32
as
l
21
62
68
186
84
JS8
14
19
lOO
I 79
27
2
86
2
8
23
11
9
6
39
48
68
47
37
80
27
AUTO BUSINESS IS
GOING f CO
tt.81t.824f. "as esaksat
eaaataw sailing
t.nanlaary
FAeetne ecaapa
rter taaea. a
tl.lBX.4Te eeer
far the 1 1 mm 111.
943.TTB fe
31. 192.
aaa. after
The riubrat
w first half
fee the Puctrw Gas 8
iay or 1 ?1 --w art earsieg.
siaTse.ar;:. asi
12B. Thm fees.
ear eg 63S.47. earn a lasr
f Sl.leB.I44. ;
Bfirued Tel
t
A :i.M SM mswe af bead e the Oefaaat
Beiiroad af France witt be eflisad Sara ia tha
y PBN a. Maaeta
BeeesAl Ceeiaaneadeat af Tha Journal
Detroit, Mareh 24 A surrey ef 2 ef the
Somnbtle aad asnmiiri asanas here thm week
balm the atory af eonuanad bmproveaaeM whksb
Israel the gist of the renerta of the aeasmfse-
Tbe tiaimnemmt bene ta Jeeuarv aad
aot halted. Bereral nasals rearmed aermal
ty prodnatioa the end of February aad
are now tarnrac eat (rem tt t 48 per eeat
more good than ever before fas their ahujartaa
Thia eonditaoB does aot apsty to all peseta yet,
Maay ef the mas fortunate companies are eeae
ine steadily, however. Taking the Industries af
tbe city sa a whole it is conservatively astiasated
that about 7 per rent of peak anginas m now
being handled. '
deS lib ka Ota mal mmi lliiw nf
Michigan report that the eenditioa of tha term
ers is steadily iaapiwving. They are myiaej pmaa
Fear aedttMual asula ef the A
a Tmniate enaumn at
be put ta aperatmei March 21.
Osso. unl
reetened. AmaHiaa Itrabe
asou and suefeiiad. Bums Bess
!. Tahtustlmt A Bermratmx. iea
The tS.SOB.eoo Ax bit am
the Boa read will be sold to nikea.
Cm. St S price to produce 1B1.SB em their
value.
which matured
acreage aad are paying
If
met (ail.
anywhere
eountry bankers predict a fined of (
thg aboat July 1. As evidence ef the Improve
ment hi the rural aartions is seea bs atearaaeats
of bead booses that Michigan country basks
are buying bonds for their own account far the
iirw Base m ro years.
TM industrial prospect for April 1 is promm-
iu. viiia larmert eommg Into the market at
harvest time, automobile asea figure there m a
pimsiDunv as a car aliortage.
Stock MOT
hew York. March 24. The Norfolk wa
era railroad haa ordered 4000 TO-toa eosl o
from the Primi il Steel Oar coaansay. the Am
hma Car A Foundry eompaay and the Standard
nteei car company.
The United Drug company today declared its
regular quarterly dividend ef 1 par rent oa
tne nrst p ret erred stock, payable May U to stack
of record April la.
67
6
137
66
36
44
46
61
85
96
116
63
34
73
39
10
9
28
18
..... I
63
S
137
66 I
34
48!
I 46
60
'85
98
116
62
34
78
37
10
9
57
18
86
10' "
40
8
40
SO
4
85
S9
T
89
(or the day
with bond business of 815.24 3.000.
60
8
9
4
834,300
14
73
32
31
52
77
7
58
96
3
71
8
39
24
42
85
21
94
87
170
46
46
106
104
11
43
81
24
61
9
17
132
80
6
S
187
56
35
44
46
80
103
35
5
116
68
34
78
89
10
28
18
79
19
SS
97
85
67
9
89
8
39
89
153
49
9
9
4
The Gulf OS corporation and its aahatdiariaa,
m its annual report lor ivji shows a Bet in
come after charges, taxes and inventory adjust
ment, ec SV.06S.787, against S2S.68S.1S7
1SZV.
Tha Middle West
coma, after taxes an
Utilities cosapany net ta-
I charges, lor 1931. was
Pfd:
oral Baking
Harsestse rawsya. 1-le 1
anwferred. H, R MsIUanoa A Co. nceferred. Xa
ooaai urenca preferred. Peed Creek Coal. Mm,
era Electric aad Waatera rsooa aaa -ekfcmd
a.
The regular losoeu Co. euarterte asvwaiaU ar
82 cenm waa declared today. ayeMa stay 1 St j
Tha Fiesjcb An
7
aa IaduBtrial Deealaaeaea
per rent heads aaee
autted so trading ea the exchange. '
SB
ittl Ressmrs OBeraUaas .
March 24. The Caaseeoa aesrmtl
has resumed opa rations after a loag idlenaes. , The
mil cVoerd down whaa the demand for mmbri
by th- aovarament nemt Tbe mil aaam
looking forward to oanactty pradw-rJoa darbsc
Safety Fir
TT PAYS to advertise y
A doing: unto others as you
would have others do unto
you. That's the explanation
for $12,000,000 of prime
bonds distributed during
t92t to Investors by
Freeman, Smith
& Camp Co.
eVeSBBBMBMB BlM
VOrrtAJfA
a .
MM,' SI
WW?
v
shares I
Trade Not Pleased
At New Wool Tariff
WINTER HAS BEEN HARD
ONE FOR OREGON LIVESTOCK
Grants Pass.. Or.. March 24. This winter
has been one of the moot severe for many year
on U restock on the range m Southern Oregon,
according to Supervisor E. H, MacDaniels of
the Siskiyou national forest. Mr. MacDenieil
states that the snows are unusually deep
and aoming very lata ia tha staaun when usually
th -enow ia all goo from the lower hills and
tha grass in good condition. Maay cattle aad
Koch at all kinds in the Illinois- and ApplegaXe
Talleys are sofferktg severely ss a result of the
extremely heavy kUa sneer in tha mountains.
AU vehicular and automobile tnftm butwsen
G rente Pass and Crescent City haa been held up
for a month and at last reports the snow was
some 10 fast deep on Oregon xaountain. The
mails for the coast towns are packed over Ore
gon mountain, a mats ana of 11 auus, by
(Wall Street Bureau of The ojurnal)
New York, March 24. Buyers maintained
their attitude of indifference in the drygoods
market today. Wide print cloths continued to
be inactive with sellers unable to secure hkh
for any large amounts st prevailing Quotations.
There still waa some buying of sheetings for ex
port and a little business done by Domestic bag ;
trade, but the volume was smalL Fine goods
were stagnant fl though the prices prevailing are
extremely tow.
Bilk prices were firmer in response to the
better tone in Yokohama which followed the peg
ging of prices there but consumers held aloof
here. Some trading in broad silk and ribbons
waa in evidence, but msnnfactnren still talk
earnestly of further curtailment of production.
lint Paper 45 44 45
(Boston Bureau of The Journal)
Boston, March 24. Wool dealers and manu
facturers here are anything but pleased at the
untative tariff rata on wool agreed on in the
sensta finance committee and trading was dull
but the new rata, ft is understood, pi nans the
giuweis and price allowed no recessions. L4W.
don auction prices continued firm although
than was little if any buying for American ac
count and the Australian market was strength
red bf German buying. The factors aided
to maintain a firm ton. Some sharing haa
started in Wyoming and while some of the high
er grade wools are Backed for sale, buyers ham
withheld bids. Thia action, it hi belle red. waa
caused by the high limit of 85 cents a pound set
by tbe Johnson county growers, which was of
fered at Buffalo.
tBBillDlIIIDBKHHBIIIlli
Where
Millions of Dollars
have gone
into developing
the Northwest
Each little dot on this map irprescnU some constructive
community development, calling for sums ranging from
$25,000 to $500,000 each. In trie aggref ate they count
into many millions of dollars, and it was provided by this
bank, through bond issues.
1
With the money thus provided, vast areas of arid lands
"have come to be productive ; twamps have bees reclaimed ;
schools have been built; highway t constructed, while towns
and cities have constructed water and sewer systems and
have added to their attractivenett and heAlthrulness.
When you bay GOOD bo rid m
from JhU bank your money
not only u amply secured, but
you are helping the great
west grow..
Broadway and Oak
Wanted! Canadian Municipals
Lumber aad Boor Company Besaraes
Montesano. Wash.. March 24. Schafer Bros.'
Lumber A Door company haa resumed operations
after a abort shutdown, occasioned by the instal-1
Don 01 new machinery sod repairs to old machin
ery. The mill will soon start a double abift Sol
care for exceptionally heavy orders.
r?0REIGX . EXCHANGE RATES
4!Vrreeted dally By the foreign exchange de
partment of the United States National bank. -
- Quotation below (except the pound sterling)
am (noted oa tha basis ef lOOj units foreign cur
rency. .
Opening rates oa hank tranasctiona:
Draft
Cheeks.
Lha. sterling. t 4.38
Part franca. B.04
Berlin Marks . .88
6.11
4.18
Drachmas
Cownhsaen
Kroner
81.20
rr.se
Kroner ....'26.10
HoBtaont .
OnrTsnrS' . . 64.75
Jepae Tea .. 47.35
TaeJs
73.45
Cable
Transfers.
8 4.t8
905
.30
8.12.
20
81.25
17-85
88.1S 7
85.68 -4T.S0
T2.T5
Par
Value.
$ 4.866
18.80
23.81
19.30
18.80
38.78
t,T
28.79
NEW INCORPORATIONS;
Balem. Or.. March 24. "arataliaed it 11-
800,000, the Millionaire Mining company of I
J season county filed articles of IncorporatioB with I
tne staat corporsoon aermrtmans bera Thursday.
The incorporators are Charles. Knight. 8- K. I
Uaoeriing and Kobert Ugntbody.
: otner corporaOona ruing artaelea were:
MeGeorge Gravel company, Marshfield. 850.-
000; a K McGeorge, . A. McGeorge and I
ajewv mcueoTgu. 1
Fox - Armstrong Tire rampeny. Portland, j
86000; lmwrenoe . Ainsworth, G. X. Went-1
worttt ana aooerr Treat Piatt.
Third German Baptist elnrrch. Portland. I
szovo; tauata Jtann, G. Janke and
Bteshfieldr
A certificate flled by the City Motor Trucking I
company ox roraiH snowe an ii iiias la
a irom 315.000 ta 375.000.
We will buy short or long term bonds of
the following Canadian provinces or cities
(PROVINCES)
Alberta Call,
British Columbia wwr
. write
Manitoba
New Brunswick
Ne wf oundl and
(Colony)
Nova Scotia
Ontario
Quebec
Saskatchewan
or
Phone
Main
4195
(CITIES)
Calgary
Edmonton
Montreal
Ottawa
Quebec . '
Toronto
Victoria .
Winiirpeg
Winnipeg Water
District
YIELD
Cansitisa dollar discount 4 per east.
-. -Mi- : Meswy ud ExcBaaare -Kew
Terk. March 24. (T, K. S.Cal!
Lsasney oa the IJoor of tbe hew York exchange
today ruled st per cent; high. 4 per cent;
low. 4m ner cent. : Tune monev waa steady.
Bates were 4 J4 per cent. The aaarkat for
Minis mercantile naner was auies. ;
ta aienooa sooay was a per cent
Call
Kivltnf eieaiam was afeeili . unlb Till i in M
1118U101118 Uoaars' bills at 84.38 for dexoaad. ,
v Urerpool Cottoa Easier - 1
UvarpooL. March 24. Boot cotton ooened in I
good decoand. Prices easier; sales 18,000 bales.
ABMriasa middlingi, fair, 12.14; toad BxsttHngs. 1
11.19: mind ting. 10.69: low mirklhngs. 9.79; I
eooa oranmry. b.h; ensmiy, s.se. rw
nfienerl tust
I Stocks. BoiMb, Cottotw Craim, Eta.
316-317 Boanrd of Trsaio Ba3aliB
Overbeck&CookeCo.l
DIRECT PRIVATE YIRES
TO dLL EXCHANGES
XcssBcra CaJeac Board of Trade
Corresnoaaeat at XeSgaa e Bryan -.
CsUcaa-B . - r Mv Tbx r
We wUl pay best market prices for prompt deliv
eries. Oar. specialist tvHl be? glad to give you any
information. . ' ' t
COlVaPANY
rals.irvX-jTlli
T"b ijr i Vi if"
HtlooK NOIOTWESTERN
BANKlBLDQ. poritand
I'lononniDDlllIfllllll
isiipuiiHuto
The Top o the Market
GREAT bond-bavinf power, marrow mar (ins ef operatiom'
and quick turnover are Ue taaia reasons te Morris'
Brothers Corporation can offer at all liases a list of earefolly
selected bond "boys" waich arc BaparaUeled ta those featares .
which the careful investor taTtst seek that ia, safety of prin
cipal, certainty of income and a rate of interest consistent with
reasonable earnings on his money.
-, AX ERIC ATT JICH1C1PAI.S
, , . Rate Maturity
Bosernaa. Montaca .................... 1923-27 -
tCaarper, Wyomlna; 6 1123-27
Coaurjopolnx, Washington 7 1923-28 '
fCharlcBton. WaAhinrtxm 7 122-84
Laaacn County. California Roavd District 7 l2t-n
Moateautao, Waahina-toa 7 1913-82
i Roundup. Montana, 8 19X8-27
Price TreW
To yield !.
To ylnkl 7j9
100.00
100 00 tAI
. 10 00 1
loo.eo f e
To yieed 7 -
CAKADIAK MTJTicirAX. AID G0TER5XEKT B05SS
Bat Matoritw Prtee .
New Wemtmlnater ...,....... 13 9S.SS -
New Weetmin-ter- 1923 9SJ2
tNortlk Vanooax-rer, B. C 8 '1928 t.tl
port oi coquiUAm, n. u.. 7 i4i. iw.oo
Selkirk . - im 88.08
tSi. James. City of - 8 ' . 142 97,17
tDenoteai tlOOO tfenominauon.
aotea fractional bonda.. :
Yield
7 -as
- 1
1
IM
IjSS
tDeootca 8S08. IDenotaa 8298. -le-
'. -Tlf8eBB ex TdegTBfh Orders at Oar Kiaeaaa
MORRIS BROTHERS CORPORATION
' Karris BaBdlaf. rerUaad, Ortrss
- . BrBadsray tut . --. , ;
888-811 Stark Strael
-tal Pcpesit Beie