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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (March 27, 1922)
THE OREGON- DAILY JOURNAL PORTLAND, OREGON. , MONDAY, MARCH 27,- 1922. LEADING SPECIALTIES SHOW DEGLINING TENDENCY AFTER OPENING ON NEW YORK MARKET 1 ..- REACTION FORCED NEW YORK BOND TRANSACTIONS I T ..-. Reported by tba Jnmi'l Wall Btjwat Boxeaa H i 1 III ALL IB . . . . 1 l in e - ' r uurt P. Wart ! ((Wall Stwwi Kura af Tba Journal Wall tr-t. K Tart, ttarra ji -u aurkoU Jnoay f' tha ft" ,r0 taw kuA aparulattra aaoaaaaanta of tha patt whra, aad tacta a timta as aeearnad wara mora mora tbt ivaalt of tnMa than (mtaxl rhanca In tba atuutda of om4 cha- tnlncaa toward tha owt 1 Imk whkh ba bra felt rtfbt alone i tin tha Mora axrhang wtanlfaataat rtartt plainly an Batonta. - Today dorllna waa ainply eoa Unmnc what waa aa entirely natural aa'bark aftar tlx wart at al- aa.t wiintfrrnptMl ntwtaUon for tha raw. Tbt nat pom id ha aatd for tha Ttnwi-wanaa la tha May whaat etioa and lor tbt, dtclina la larraja ticbancM. aana) Maraat NaMt Tba bnaai aaark.t waa aa ticrntion. It waa atill aaatamm wrll np tn Ilia bfat pneaa of tba yar bf th rt condition In tba tarket fn fiiad data (ana. It binorrd laat wcah't littla aaaVura In caN mmry, btcaaaa tt waa wetl mtorXMOj that Hail Htr-M had dropped ha Im4 Umot than warrantad by tha prva of rredtt tn Mnr aartinna ol tha eoantry and that, e.fr, nil y. tnrra had to ba an rqaallaatlna. It WMibt bar hern hard to Hnk up todaj't aarly arlllaa tn tha ahara Iwt with any amenr ap. In In. oulrW new.' To aay that tha im yaadtna mal Mnk wa an important influanra mM haa naaa an nbrtoua mnaUUnant. when tha atorfct of rraiuantaa whnaa aarninaa wow Id ba nnt affertad dd abaotot!, nmhinc In tlif aarlr.l. What bad really kiew rountin( nwnt tn tlia rerrnt Wall hlreet trartlnf ai the trade rannru. and thea ta they ram In ever Monday rMnbld (till atnro taUmony of a laeorablc natara. enperially rnnrrrning eoodiUoua at tba atari nrntan. Only "raTH Taakna The (a-t that vrtret. went down acaln in the f-w of eaewirmainc trade adYtrea ainiply want to 'www that the Mimalaima effrrt of Uiea ahona had fr rhe lima being bean dlwwnnted by the rW In tloika alnrr the end of Janoary. Hhrrwd ajteenlalon alio two month aao fortaaw tba Iratle rertiTery hare been taklnf nine of their rftta ahw-k their food Jndtment baa eirned wa arUlna af thia Krt whirh cbrcked the idtanr toward tha rhM of laat week -and brnwht about a binher reaction thia mamiia. rnrt It waa nrmonal rated a tha day want on ,' that thaae raaliaiaf a lea were not prepared Xo l4lnw . prtre. down and aa aono a thia fact barama atanlfmt the prnfeaalonala working on tba abort afcla haetenrd tu' bny in their corttracta, thereby caaeini a rally all throuch the UU AaVkw ueohaae at Drap Moat of I lie Wall alrret broken' letter loued orrr tba week end were in-epafinc; their rlirnta for a farther reaction, bat were adneing the parrhaee of anrk at tha lower pricva. Of iwwrae, Uieea adrire art meanlngleae to long aa they don t contain any prtulrtion as to bow - tnwrb of a reartinn lo eivart. Neeerthelea the (etwral attitude early today tor thoaa on tha king ride to reduce their line, or at leaat to take on n othing mure. Tlili led to a catttrtng ft re at arltitig ordera areoaipanled by ratlier poor atapport la aooie dirertiona. Obanoa In Late Trade All aaarketa were gulng in one direction for a tint today . and that waa downward. Then the vaihnia aioramanu began to dirorge. Htoeka whlrb ehoald hare been quite weak during the ftrn hoar or ee had partial, but by no mean full, rerorertee. Wheat and corn much more than ant bark their early loaae. The foreign ei clangea alone failed to rally, atorling learintt off 1 S pen la In the pound lower, while fierman mark were frilnit anntliet new low. The ron f licting t lurtua tiuilrwvra mora tha raault of ta enia luan ouuvfe nanaea. Oram It Influenced lit the grain market It wat demonstrated the early tailing waa nothing more than a technical ' reaction duo to temporary speculative cbnditiona, . and aot to any real change in the aitoatlon af- fectiag the grain trade. Uatenaibly It waa the lean faroreble rrr.p rrporta tliat were reaponaibla for the sharp rally In wheat la the afternoon, but tha mora important thing thowa waa that whenever wheat petcae go down at all they reach a leva! at which foreign eountriea buy freely. ' 3Fw Tort. Sank tie Ti tdlef f LlbcrtT loaas todaj an typical f U BteTeacat f wOa4 yrttf. Tkcrc wcra bo JmpartaBt (kaii u U e tlrw Mat aaax-arca ta Mt withoat rrr t aattlda ttws. I.att 8atar4ayi hick rt rat In ii tttlgm f Terataeat groat vera itaJie4 . la mott iaaUaeet, tkoach tba war ccat boa a of tb raT- erameat ( gwltsertaaa aa4 tko'cHtea f Zarlck Bcraa daellaea ratker karf ly oa- raailslae; aales. CoacakaKca (VwB, Xlo do laaeiro , Daaisk maalcl ala aad Qaeoaalaaa all Racked tkelr klKkfgt for tko year: aad Bercca 8t alto were atroar. ,i BriUth aad Frrtck Vii wera aetlya aad. 1 1rate . . Aatoar ladattriala, tko Caka Caao It aid adTaaecd akoit a aolat. Chile Copter s. Pierce Oil Be. Steel a. At- laatle Fralt la. AJax Babber aad a few of . the I pabUe atility, lar-ladlaff Aaterieaa TeL gc Tel. eoBTertlblo t. worked lower:. Ktaadard , dl'ldead-oay lar railway Itaaee reeelved mafh lett atteatloa thaa the more oecalatltre rail boad. Miaaeaaoiu SU Loal refaad- lar 4 ttraek a freoh top, aad the Iowa Cealral 4. Aaa Arbor ft aaa aaatat City TertiMaaJ 4 were la aood deataad. The Frio Itsaca. New York Ceatral Cs, ew Harea aad Seaboard Airline ad Jietraeat, however, fell off. do gea. 4a. '89. , ..-.-1 T4 V1 7414 do (. ib. fat, '8..:. 84 84 do ert. 4t 132.,. . 4) 04 t do fa 4 Ha 2014.'.!. 6 f 68 do 4s 102S ...... f , 7Sa 73 do deb. 4a 134. . . . . . CO SO - 0 S!4t 8er. & 18: 63 do 4a Pac. rkmnd. 104a. C. X. W. gea. Sa 19T.12 mi, ai- KRW YORK BONDS New Tork Marrh 27. Toe total taJee of KniU am th. atnea: axehanaw todar were $16 iRI.OOO. asainat f7.76A.0O0. Satarday, 616. S4M.000 a week ago. $7,117,000 a year ago and- $11,184,000 Uwo years ago. From January a ... A-t- at aflft BIO nnA ammat A701.4AB.. 000 a year ua and $91 1,637.000 two years ago. 1 High, low and cloning price are giren: LIBP'KTl homhj tin flOOO.I turn. laiw. I inae, Liberty 3 it. 32-47. ... . 0MI8 74 0818 Liberty 3s reg. 3-.'-47.. OHOO Hiss Uheny 2d 4s 27-42 080O 8R00 . 0800 Ubrrtr 2d 4t Jr 27-42 9804 9804 9804 Liberty 1st 4 Us 32-47.. 9834 9816 9880 Liberty 1st d Vt a rec.32-4 7 9800 9800 9800 Liberty ad 4 V a 32-47.. 9840 9840 984 Liberty 2d 4t 27-42.. 9822 9802 9820 Liberty 2d 4 is reg.27-42 9786 9782 978Z Liberty 3d 4Vt '28 9942 9932 40 Uheny 3d 4.Va reg. '28 9918 9914 9918 Liberty 4 til 4'4 ireg. '88. 9842' 9830 984 Uberty 4th 4k reg. '38 9818 9814 981 Victory 4t '22-23.1.. 9860 9860 9860 Victory 3 a '22-23 .... .10004 10002 J00O4 kTIHKIUi auus High-1 Low. do Ha 1936 v aw v 7a d 7a 1930 Clricago Hya. Co. t i. F. Tff .;..-iio8 167 Ba 19271 80 4s 19341 79 . Chi. Vnioa Sta. 4 Vis fter. A 1963 . i-.-do 1963 '. Cbi. tt W. lad 4a 1982'. Chile Cop. CTt 7a 123.1. do esi. tr. 6s 1932 ..!.' CC.C aV SUVG.M. 4s '93 do t 2 Colo, r nel A L Si '43. Cote. A 80.. rfg. 4 Ha '35.. CoL .aa a EL h 'S7.1 .1. . tap. Tab. Keeord 6a 41. Iocl. Coal of Md. 5a '60. Conaolid. Gas. ert. Tt. 193 Cbba Cane Sugar 8 ctfa '30i do 7 SO 92 H 114 V 72 V. 101 H 80 79 99 85 .87 1 93 8634 108 83 108 74 1061a 79 79 92 114 72 H CVoaa. 74 H 84 64 68 73 60 : 5 68 -'; 102 108 H 74 167 79 79 : 92 ' 114 72 101fl01 791 79 ! Ta Katwa A awa Xaaw fie '91 , I 1 HA aV. a. aaaewsiaai aatui tjaaajtaa cya a- w . 1 a Cuban K. B.- 5a '52.. .i. J.J 80 do 7t r.l M. lau M Am 'il 1 &o LajBTcr A B. J. 4 a '36 do imp. 5s 28. do rfc. 6 '55 ...... . do con. 4s '36 .... J . Del Kd. rfg. 6a ter.B '40 Detroit Kit. Tub. 4 i '61 Detroit la. Uyn. 4a 85 87 1 93 86 107 82 83 104 80 102 89 80 79 46 76i 76 102 1102 il02 85 I 85) 85 I 79 I 78 I 78 .ROHT0 COrPEB BHABEp .iwpunen vj trrernecE at Hid. Aria. Com. 9 AUtentilre 80 Ahmeek. . 61 Algnraah. 20 Allowet.. 2.1 Arcadian. 2 Bint Vina. 13' I al.AArlt. 37 fvi aum ' 7 a New Corn 17 t'entrnnial 10 I op. Kax. 42 tariealy 7 TW W en 2 K. Butte. 10 1 frank. Mt. 1 Ifanonrk.. IS llelwstia. . 1 Indltna. . 60 lJ. Creek 103 Keswinaw I Kerr hake 9 lavka Cop. :s La KalW, t M aaa. I nn. 2 Mohawk . 56 U. O. Col. 4 Aak 61 66 Ml 27 2 14 .18 28tl IT 12 ft 7 't 2 14 lo 1 l 3 j 90 103 I ,3 3 6 tl 3 Msa Valley ,.N. Butte. . N ipiwtng. . N. Uke. . . k- lCop. lOaeola Mi. ItiMjawa .. . Uuin. Mng. rond reek Nle Royal Hup. Boat oa C. 8. Mch. do pfd. 8. ruh. . . Hup. Cop. . Hhatturk. . Trtn. Cop. . Tuolnmne (tan 11 eta Is 1'tah Con. iC. 8. Mna. fl rmh Aues. Ventnra. . Victoria. . . Winona. . . Wolrerine Bid. Aik. 1 1 12 J2 64 6 12 12 28 23 33 83 1 2 43 44 18 18 23 24 91 IOO 32 83 26 26 3 10 , '." 3 H 2 2 50 80 3 3 1 2 3.1 85 8 3 22 23 1 1 33 R0 12 12 Argentina UorL 3s '43 do 7 1 .! King, of Belgium 7t '45 do 8a '41 . . .TL do 6t '25. . .'A Chinese Govt. Rya. 5a '61 City of Bergeu 8a '45.... City cf Rome 8t '43 City of Bordeaux 6s '34 . . City of CopanbaaenS Hi'44 Cltjr of Lyons 6t.S4.... City of alanciUet 6 '34. . Hao Paula 8t City of K. da Jan. 8s '46 City of Tokio 3t '52. City of Zurich 8a '45. . . Heine 7i Danish Uun. 8s A '46. do 2 '48. ... ; I utch K. I. rtcsj 6s ... . Ihim. Republic 5s 58 . . Dom. of Canada 5 t '29 do 5s '26 ... ! do 5t '31 ...I French Gort. 8 '38.. Imteh. K. I. 6s I '62. . . French Gort. 7s '41 Imperial Japan lst4t'25 do 2d 4t '2D. do sterling loan 4s '31 King, of Ilenmsrfc 8s '43. K. of Italy 6s S. A. '2 lienmark cf's. 6s K. cf Norway 83 '40. . . K. of Sweden 69 '39. Netherland 8s Rep. cf Chile 8s '26. do 8s '41 Rep. of Cuba 5a '46. . . J do 4t '49 Rep. of l'ruguayi8s '46.. Bute of Queensland 8s '41 do 6 efts . . i Swise UoTt. As M5 8ute of Sao Paulo 8t C. K. 3a '22 do 3 1 '29 . L do 5t '37. .L do 8s I. I . 8. of Brttil 8s 194 1 1195 1104 I. . ot Mexico kli 1945. 57 V I 56 XL do large 1 53 B3 do 4s, 1954.1 :.) 57 47 IrOMK.STIC ROVIW New York city 4 t 1960.1100 1100 1100 ! do 4a 1958. . f 06 OH I RAILWAY AND MISCKLLANEOC8 BONDS 84 99 109 108 103 54 110 114 86 92 86 88 102 103 71 114 85-4 111 111 94 90 100 99 98 108 94 103 90 8 75 111 5 93 7 .1112 100 94 101 104 90 78 106 108 100 tl 104 103 103 100 101 '36 82 109 108 102 53 109 - 113 86 91 86 86 101 102 71 118 94 111 111 94 00 99 98 97 106 94 102 89 89 74 111 93 97 111 100 94 101 103 90 . 78 105 108 100 118 103 104 104 99 101 -ORKI(. J-XCHANUK KATES Corrected daily by the foreign exchange de partment of tlio I'ntted KUtea National bank. Uuntatioc below lexrept the pound sterling) re q noted oa the beaia of 100 tmila foreign currency. Opening nominal ralea on bank Umnaartjoni " 1 Kraft London- Cheek lAa. eteeMng. . I 4.37 Peek" atanca, 8eHtn Mark, t.enoa Lira. , . A I hens- Itraebmas. . . Copenhecenr kroner 21.11 Cbrwtianav Kroner.. . BtrekbalnH Kroner. . . I. ana bong -Carrenry. . Jape n Ten 8.H ..29 VbSH) 4.18 1T.0J 26.03 53 hit 47.40 OkanghaV TaeU 72.20 t'anadtea dollar diarount 4 par cent. Cable par Trtnafera. Vtlne. 4.87 $ 4.866 9.I0 19.30 ' 2 23.81 5.10 19.30 4.20 19 30" 21.16 26.70 17.70 . 26.70 26.10 26.70 64.03 47.5.1 , T2.50 Praae Tree stpraylatr Tfow Oa . wutneoy. ur.f March 27. Kpraytng of prune Iraaa la la fall blatt, following a tkorongti brwatng. Te para for the tarptiM pranaa that are annually hart throaah. tba inability af 8al tmm ina ta baacUa theaa. aeeerml local an pom balht eMitOraoara. Aanaag theta W Arthur liliod. who baa begtm toe trarUon of a plant at tmiirient eaoacit to oar far hta oaa ax teaaiyo pavaUBga aad Una af kwagbbara. ; a . roretaa Exebaaco Xarket Xeaj Tart. March S7, ttJ. P.) Demsad sterling erMved today at $4 36 f react. .0896 bejL .asoata.- - .00204a. MtertMa cloaad 64.36. of 1 H L fraaea. .h-atjl lira. .034)9; tnarks, .0029 kronen. .3163.- . 83 99 109 108 103 i 54 109 113 86 91 86 86 102 102 71 114 05 111 111 94 90 100 98 97 107 94 102 89 e 74 111 93 97 111 100 94 101 103 80 78 106 108 100 118 103 104 104 99 101 103 57 53 47 87 87 104 104 99 ( 99 114 114 99 I 99 110 mo 1110 Iba. Matca deb. 7a 35t7 1107 1107 Dupont de Nam. 7 t '81.1104 104 104 laaatteene i et r. wa 'f.iuz do 7a ..1104 Erie gen. lien 4a '96 . . . . i 43 Em pnor Ilea 4a 96 . . .- 01 . do ert. 4t. tet. A. '53. 39 doner. B '53 ........ 39 ao acr. u 03 , . 4Z' rVie-Penna. oL 4a '51.L104 Fiek Rubber Co. 8a '4I.L1104 Horida R. C. 4t '59 . . I 86 Irene h Amn. Ind. 7a . .. 99 t. W. k K ti 4s '33.'. I 60 UalT. IL A H. A. Mex. P. ' 1 lat 6s 33 . , .j 87 General Baking 6s '36. J. 104 IrEneral Elec deb. 5 '52 . 99 (idyr. T. ex Bub. Co. 8a '411114 dp 31 i 99 l.raiMl Tr.- of Can. 7a Grand Trunk Can. 6s. 361102 Ot- Northern 7s, 36... ,1107 do 5t. 40.. . . 96 Hnd.AMan.tef.3t aer.A, 57. 79 do adj. inc. fis. 57 . . . . 60 ma. Cent 6s, 36. . .. . :(108 L C.AVtLNo.jt.5sA, 631 94 do rfg. 4s. 58 i. . 85 do Litchfield 3s . . 67 Indiana 8teel 5s, 52 . . . . 99 do lor. Oil 8a i. 95 Interurban-Met 4t. 56.. 14 Interb. II. T. ref. 5s. 66'. il 60 do 4t Tr. Co- ctfa. 56 1 Inter. Merc. Mar. s.f. 6s.41l 95 Iowa Cent. 1st 5a. 38.... 73 do rfg. 4s. 51 i. . . 40 Jamestown V. A C. 4s, '59 82 K. C. Ft. 8. A M. 4s, '36 77 K. C. South. 5s, '30. .... 86 do 1st 3s, '50. . .-. 65 do Term. 1st 4a. '60 . .. 81 KeL Rpring. Tire 8s, '31. . 106 Lac. G. of 8t L. 1st 5s. 34 88 Adams Ex. roi. tr. 4s '48.1101 Aiaata . M. cr. deb' 6s A 1925 Am. Smelt. 3a 1947 . . . . . Am. Tel. At Tel cel. 6a '25 do col. tr. 5s 1948. . . . a. 8ug. A Ref. 6a. . .'. . Am T A T en IHs. S3. . do ert 4s, 38 do col 4 s. 29 Am Writ Pap a f 39. . Ann Arbor 4a. 93 : A Co rl est 4s. 39 a 1 a r gen 4, 93,. . do 8S i do 4 'a . . . do ert 4s. 60 ' Atl A Birm 4s. 8$ AU Coaat Una 7,j 30 . . . do L ft N col :U"4s. 32 Atl. Prurt ert. 7sl 1934.. Atl Kef 6t. 81! Attaa Pcwder 7 t. 36 . . . oat at unio at, 29 do ref 3s. 95 do tit 4 a. 33 do gold 4s. 48 do prior lien 3t. 23 do 4s. P L E W V d. 41 do 4s, Tol A Cta dir. 39 do 3t. bwra dir. 23 Bell Tel of Peon 7a. 43. Beth. Stew) 1st ext. 5t '26 do. ref. 5s '42 1 do. s. m. 3s '36 1 Fraden Conner 6a '31 Brooklyn Ed. gen. )7t O '80 do. gen, 6a D 30 .... da gen. 6t B '30 .... do. 5a '40 ...I Brooklyn I. E. lit 6a '50 Ihihith, C R. A N. 5a . . Bueh Ter. 4t '52 Can. No. 7s '40 ) do. deb. 6t "4 8 Can Pac. deb. 4a ...... Carolina OkO.il '36 . . tevt of Ua. Ry. 1st 5a '45 do. 6t 39 Cent. I-eetW gen. 5t, '23. Cent. Pacific gtd. 4a. '49. Cerro, de Patoa en. 8a, 11 C. A.O. rit. 5a, 2..... do.cn. At; '41 do gem.' 4 t. '92 do tit Ha. 30 Chic. Alton rfg. 1 3a. '49. do 3a. '6 1. C B. A Q. fit. K '58.. do 3 Ha, 11L Dir. '49.. da ref. Ba do Joiat 6 a. '68 .... . O. A K. L eea. Ss. '51, . Chi. A UL teat. 4. '59.. C.t! Jk.P tn.li B.2014 99il01 101 89 113 96 98 99 83 V 89 82 68 8T 8T 111 90 97 63 87 80 38 104 103 98 L. S. A M. S. deb. 4s, '281 93 Lex. A East. 5s. '63..... 102 Long Island deb. 5s. '37.1. . 78 Long bland ref. 4s 1949.1 99 Lorriiiard. Co. 3a 1951. t 94 Louis.. A Jeff, bridge 4s '43 78 U !i. 7t 1930 107 ao annua 4t 1940....I 91 do 5s i .102 Mariana tin et war. 1931 V9 Mexican Pet. 8s 1936.... 103 Micii. Cent. 8a 1952.. 78 Mich. Sure Tel. 5s 1924.1 79 MidTkle Steel ert 5s '36. 86 Milw. E. L. Pow. 4s..... 84 Minn. St L. con. 5s 1934 74 -do 1st reg. 4 1949... 41 do rez. 5t 39 Minn. St. P. S. S. Marie a 1931 I M K A T 1st 4s. 90. . . . do 2d 4s ctfs, 90 do 5s, ser A do 5s. notes, 23 do adj 5s ... do 6a, ter 0 . Mo Fas rfg 5s, 23 . .... do gen 4s. 75 ...... M Power Co 5s, ser A, 43 Mont Tram col 6 s, 4 1 . Morris A Co 4 Ha, 39 . ! O A 2 E 4 s. 59 . . L X O Term 4t. 53 . . .1 N O Tex A Mex inc. 5s, 83 do 6s. ser A, 23- . . AT.C.AH.R.deb.6s,'35. do coL 7a '30 .... do deb. 4s, "42 do con. 4s, '98 . . . . do rfr. 3 . '97 . . . do deb. 4s, '34 do If. K. 4s ... . . . N. T. C. A 8t-L.deb.4s.,31 S. T. lias El. LEAF, Co. pur. m. 4s, '49.. do 5a, '43' J. N. T. H. A H. d.3 a. '5. do 6s. '46 . . . . . N. T. Rya. ref. 4a, '2. 1 de'kdi. 5s. '42. u do adj. 5s. Tr.C.ctfs.'42 N.Y.State Ryaeoo.4 a,'6 N. Y. TeL; deb. 6. '4 9.. do gen. 4s. '39. . . , do ref. 6s. '41. , . . . N. Y. W. A Boat. 4 t.'46 N. Y. Ed. ref. 6s, 41; . Nor. A 8. 5s. aer. A. '61 Nor. A West. eon. 4s. '96 do do ert. 6s. 1929, . UO uitu wa. iffM - , . S. P. prior lien 4s. '97 ; . do gen. 3s, 2047 Nor. Bell. TeL 7t, 19411. O. T. A Niagara Falls 5s. Or. A Cel. lstSs, '27. j. Ore. Sb. Line rfs. 5t, '4Q. do rfg. 4t. 1926.. . . j. Or.-VY. R. R. A N. 4 '61 Pac G. A Elec. 5a. '42N. Pac. P. A Lt 5s. 1930. Pac. Tel A TeL 3s, 1937 Packard Motor 81. 1931 Pan A. P. A T. 7a. 19301 Pant Lyons Med. s. . . Perm. R. R. 7s, 1930. . do St. 1968. 101 H 107 96 78 60 107 64 85 67 99 95 18 60 11 95 "75 40 82 77 83 65 81 106 88 93 101 78 99 94 78 107 91 102 99 103 78 79 86 84 74 40 39 102 107 96 79, 60 107 64 85 67 99 95 14 60 11 95 75 40 82 77 86 65 81 106 88 93 101 78 99 94 78 107 91 102 99 103 78 79 86 H 84 74 41 39 a 6..1L 4ni 1963. .1 8 maple a tiaa -at Cok - of 1 Chicago 5a 1947...... Peoria East. 1st 4a '40. dw deb. 7a .4. Peru Marquette 4a 1936. Philippine B, 4a 1937., Pierce Oil 8a .V. ...... P.C.C.A81I. 5a Sr. B T0. Porto K. Aaa. Too. Ha. . . ran. Berr. ot S. J. it '591 Prod. A Kef. 8i... Reading gea. 4 1997.. .. Rio ti. 4b W. let 4a 1939. do eoL tr. 4a 1949. . . . B. L Ark.JtLouia. 4Ht '34 8.L.LV.A. ret 4a 1929. do R. A G, dir. 4a 1933 S-I AS.', pr. Bea 4s A 69. do &a Ser. it 1950.. . . 81.L.A 8.K.gen-6s.C"28: do adj. aa 65 ....... Inc. 6a 'SO ...... SU L. 8-W. 1st 4a '89 .. . Sw L. B-W. eon. 4a .'32.. . do Term. 5a '52. .". . . . . 8tP. A K.C. &L. 4 Hi '41 beaBd. A.L.U0M 8u.4s '50 L do rfg. 4a '69.T ...... .j do adi. 5a '49 . . . . do eon. Be '45 ...... .j Binclair Oil ert 7 t '25.. do 7a i. i Sharon Steel Hoop 8a '41. So. Bell TeL A T. 5a '41. So Pac. ert 4s "29.; do rfg. 4a '53........ do coL tar. 4a '49 do S. F. term. 4a 'SO.. So. Rx. con. 5s 94 . . . . . 80. Ry. gen. 4a '56 ...... do a . do Mem. dir. Sa '06... SUcd Oil Cal deb. 7. 31. . St A T Co of Am 7 s, 51 T rid are rfg 4s. 60. do adj 5a, 60 Tide W Oil Co 6a. 81. . Tri City Ry A Lt 5s. 23. T St L A W 3a. 25. . UP 6a. 28 tf P 1st 4s 47 I n Drug 8s ERESFilirCo St. U g Robber 7 s, 30 do 7s, 23 do 6s. 47 C 8 Steer s f 5s, 63 I tah P AL 5s. 44 Vir -Caro. Chem. 5s, '23. do d. 6a, '24 do 7v "32 Tir. Mid. leu. .5a 86 Virginia By. 5a, 23 Wabash 1st 5s, '39 . . do Id 6s. '39 V. N. Y. A Pa. 1st 5a '37 Went. Pac. 3a, '46....-,'. West. Union coL 5s, "38.. West Shorn is. 2361.... Weafhae Tlec. 7a. '31 W. A L. E. ref. 4t, '66 Wic. Spen. Steel 7s. '35.. Wilson & Co. 1st 5a. '41. . do rrt. 6t, '28 . Win- Bxltm S. B. 4s, '60. Wis. Cent. eea. it. '60 . . High.'! tow. Ooae. 87 1 88 ..'IV r i 77 i! 75 iiwi vb 78 50 V4 1100 - 81 161 74 IT 66 79 85 79 70 84 98 78 62 WaALL- STREET STOCK QUOTATIONS V- " Katirted hf Owktct A Cooke Col. Board at Trada Bwjkliaa ' T ; J rSalea 7 'TOTPt-. IHVtb lLew rml 96) 93 106 97 I 63 53 101 99 91 103 I 90 106 I 84 106 101 87 101 90 97 97 96 9 94 97 86H 100 87 i 108 64 106 60 96 96 86 H 97 56 .STANDARD OIL-I8SLE8 f VTaJl atxwtt Journal FantBKrial Renew) JTow Tork, March l 4U. TJ Soiaa f the klrreat BtarheA operators as wen as asaar speaa keldera coaUaaeA today tko seal at . which koraa aa Sataraaj. Tko poort that kai charaeterlt e4 atar ket operaUoag for seToral weeks aast was laeklaf today. - Soaao kaakers woaM set ha appose to atoderata reacUoa ta stacks. There kas aoea aa re actio a af eoateo.aeaee slaea tko latter part af Aaraet aaa a aecliae woaU aa aoakt ha aecoaipaaleel hy goof kaylar. Steel eaBtanea hold dewa aalckly Jatt beforo the eloso Sataroay, which was probably for tha adTertltlaff each a aia aeaTer ataally rets. The bows' at tko aay thawed lacreasea eperatloat la tko Toaasstowa steel alls ttiet. With the sehedale at larot oat pats at.Xakoalar valley at tko ktgkest rata slaea lata la lt, wltk ii to fl opea keartk faraaees staeltiag, aad two or three Bessetaer aepartaieBts work lag tko steeL Balet.l aTOCata Sales. STOCKS 106 97 64 H 52 101 98 91 103 90 106 84 105 101 101 86 87 100 1101 90 7 - 97 95 89 93 96 86 100 87 108 64 106 60 96 ! vo 86 97 56 lOOIAdaa ' "566 400 1200 87 108 64 106 59 96 95 86 97 56 Expiwse. . . . Bum.... . do pfd. . Agr. Chem , do pfd. . . . Ajax' Rubber... . . . Alaska- Gold I Alaska Janet u 1 14 400 Allied Chem 1 70O! All la-Cha tare rx 2O0I do nfd. 1 600; Am. Beet . Sugar . . 00 Am. Beach 6S00!Am. Can Co. ... . zoof do pfd. 1300 Am. Car A F do pfd. ...... a. Cot. Oil ... do pfd. Aa. Drug 8ynd . . Am. Hide A L... do pfd. Am. Ice 2600jAm. Int.. Corp. . . 300 Am. linseed . . . .... I do pfd. 2000 Am. Loco 1 do pfd. 2200; Am. Saf. Razor. . KOOjAm. Ship A Com. SOOIAm. Smelter 2001 do pfd. 400 Am Snuff S20OAm. Steel Fdy. 100 100 600 4100 Anglo-Am. Oil Atlantic Lobua Anglo-Am. of L. A. . . Ohio Oil Intl. Petroleum ..... Imperial Oil of Canada Net. Transit Prairie Pine Line .... Standard Oil. Ky - do. Ohio do. Ind. Wash. Oil Southwest Pipe 100 900 7200 '5006 1O0 do pfd. Am. Sumatra . . . Am. Tel. A Tel. Am. Tobacco . . . Am. Wool do pfd.. . . . . . do pfd. . . . . . Am. Zinc 5700; Anaconda 200 1500 100 1100 9300 101 77 58 82 69 50 94 99 62 4 86 84 80 95 86 98 101 106 85 80 76 87 59 84 80 96 44 68 84 7 7 66 104 . 92 103 41 107 04 86 107 107 83 61 107 94 97 99 90 79 98 88 90 93 102 79 83 107 96 Work Foaad for 266 Men Atlanta, Ga., March 27. American Legion members here hare found employment for 200 former aerrtce men in the laat week oat of 500 who applied. Merchants and ciric bodies are cooperating with their efforts. t w Store at Ckekalls Cbehalia. Wash., March 27. A new store wOX be opened by the J. C. Penny company.. O. Olson, who hat been with the Chehabs store I for some time, will be In teres ted in the aew place. Aaad. Oil Atchison . do pfd. Atl. Gulf Baldwin Loco. do pfd. . . . Belto. A Ohio. do pfd. Beth S. "B" B. R. T SOOiRutie C. A Z. . 6 00 Butte A Sup. !L00 100 13700 15000 W. I. High . I Low. dose. 63 I 65 63 . 1 14 46 I 44 43 , 88 38 38 63 65 63 16 16 16 ...4...... 63 62 64 44 43 44 1 92 92 92 39 .37 39 44 43 43 46 44 43 100 100 100 153 152 133 ! 1L7 24 24 24 H ...i 62 5 14 1414 68 68 67 107 103 105 42 42 42 33 33 33 57 107 107 107 116 7 a 7 7 14 18 13 51 51 51 93 93 93 125 122 122 36 H 83 33 70 H 68' 69 96 96 95 31 SL 31 120 119 120 136 135 133 86 85 86 106 . . .V. . 26 14 14 14 50 49 49 . 103 103 103 . 6 96 96 . 87 87 87 . 28 27 28 .107 105 106 106 . 37 87 87 . 55 55 55 . 70 69 70 . 19 17 18 6 6 6 - 25 25 25 H 1 0O0 Barne Broa. ...... SOOiCaddov Oil ....... 300'Cabf. PacUatt -. . 7SOOCaoi. Pet, 300 ao Pfd. v. , 1100 Can. Pac . . lOOOHUaat. leather ... lOO Cerrw de Paaee T700Criaodler ..Motor. . 11 OO (Chi. at K. W. . .. ...tuuoagou w. ... 7001 do. pfd. 1800)01 Coo. izoochlno I8OO1C. M. A Bt P. . 3400 da. nfd. . .... lSSeO!Cec Coia ...K3. a 100jCola..F. & L High, low. I Ooae. 127 75 -53 90 183 a 34 tl. 69 13 IT 26 22 96 50 2 43 126 11 74 49 M 199 34 70 9 2300 34 OO 100 3400 12800 1900 4O0 ".8i 16 26 23 86 48 23 43 "a 196 23 83 38 91 78 55 84 13 81 20 ' 37 114 82 Colo. Southern . CbL Gaa A Elac Colombia Graph...) 3 Coa. Gaa 107 Va- Crgart do. pfd. fCoatL Can . . fCirja Btc Bankanl 20 1 20 jwvvrvorn rroancta ....1104 1193 no- Pfd. . . . . Cotden Oil C R. L A P. . , do. A pfd. do. B fd. STOO'Cracible 700j do. pfd. 6790Caba Cane 6500 do. nfd ltlOOiCabaa Am. Sngar. iDela. A Hudtoe. , 700 Dome Minea 200 Dela. A Lack. . 8200Dayiaoa Chem. . t00 KndicoU Johaaoa 400Ene 10001 do. 1st pfd. . lOOOElec Stor. Biy. bSOOiPamona I'Varera . iFed. U. t. Smelt. . 1 do pfd. 300 Fink Tire 200Geton Wms. ... !Gen Cigara ..... 400jGen. Elec 13600Gea. Motor-.... (Glea Alden 4900jGea. Aapmvlt ... 400idrich 77 ..... iGoodyear 700Uranby :0O0.Gt. Nor. Or. .... 2000t, Nor. pfd. .. . lOOlGreene Cananea . Ifi00;ulf at. Steel .. 400 Houston Oil .... OOOlHupp Motor eOOlIU. Caat. 600IIntDiratian 100 lnt Agr. Corp. c. 9 0l I da pfd. I 39 SlOOilnterboro 8 200OI do pfd. I 8 2300 Int. .CaUahea . 6 900 (Int. Harrester 93 1500 Int. Merc, Marina .. 15 1100 do pfd. I 70 080OInc. Nickel I 16 lOOjlnL Paper 44 .... I do pfd, 4200!InTincible Oil ..... 18 540O:iaUnd Oil 1 800Jewel Tea 18 1600IK. C. Southern ... 25 400jK. C Sou. pfd 65 1900KeUy-Spgfld, 4 4 2200Kennerott 29 ISOOiReyatone Tire .... 17 SOOILnek. Steel 48 lOOOiLee Tire 32 0 86 39 92 78 58 83 15 33 21 '27 1114 I 53 I 82 I 11 i 17 1132 16 .... 153 10 69 39 26 35 72 27 71 74 I 16 .1 89 12T 11H 74 3 89 135 36 84 70 69 7 16 16 26 21 36 48 66 28 43 ai- 166 22 53 59 20 103 114 33 88 '90 76 33 84! 14 36 29 115 87 114 64 Lar tiara. V alar . rnwaanlaarrl 3 awe aoo u a x POO Marlaad 300 Martin A Parr. tTH Hit fttoeM SaiOOikUx. Petrelaaaa. aOO Miaaal 846A Middle fitataa Oil lOOOO atafymla Bteal ... Z40O M. Lei Wl. PA Wt.. .1. I 1147 aaatrat ....j 16 I .......(113 I O0 .....I 26 Eaooiat. a.. 9O0 L Aa . . . . (Maart. e 117 116 27 18 83 12 33 38 146)147 14l la 113;i13 I I sa 26! 26 114 1114 -I 81 HI 81 11 17 148 IT H 16 132 16 37 88 26 33 71 27 7 74 13 101 39 87 2 7 6 92 16 69 16 44 17 1 18 24 85 42 29 17 47 32 11 17 156 78 a 88 16 : a 152 10 42 58 38 16 26 33 71 36 69 74 13 101 89 H 88 2 7 6 93 13 69 16 44 75 17 1 18 24 83 44 29 17 47 32 8166'Moat. Want 2200 Ma. Pac 10O do pfd 81 P. at S. AM. 290-Nevada Cm TSOOINew Hawea . . 200 Norfolk, W 1M vu t wvw;-w. nc, ..... .i .tNoee Rcotia BtaeL. . X. T. Air Brake 2660X. T. tVatrsj.. azowioua. prod, ref iee:tratane 8Uyrr roo: Ontario aV W. OO'Otas Steel SOOPacOic Dee. ... 0O'Pac Gaa A Bee. BOOiPaurta AUearra . . SSOOlPacifie Oil a aoo 1 Pan. Ama. Pet. 1400 ao b . . kxOO Penna lOOiPeo. feaa aOOtPera Maxaaette . Z400,Pwre Oil lOOIPbUUpa Pete. 700iPe!cn-Arrow . . . . 2106'Pterca Oil "GO Pitta. 4'oal . 4 00, Pitta. A W. Ta. .... I da pfd. .... I Pry as ad 8 tee! Car 1400!Pallman OOO'Kay Cone. .... 830( Reading 100' Remington . . . lOOiHepiogle Steel .. 1800Beimbiie LAS. 800 do pfd. 400 Kev Motort . . 120O; Royal Dtrtrb Oil lOOiKy. Steel Spg. . . 12fH!8axoo Motors .. 10000 rVan Koetmck . lOOiHhattack, Arix. . . . . iSheO T. A T. . . 1670O!Hinclair SOttO Stand. Oil Ind. Soe do N. J IOO 81naa Shef. 8800,800. Pacifle 2306; Sow. Ry llOOIStand. Oil Ind.... 8600 isr. L. A 8. F OOOlStromben Carb S3100;Stodebaker ...8wift A Co SOO.Teea. Con. A Chem. 132O0jTexaa til Z600 Texas Pac 2900Tex. Pac. C. AO. llSOiTob. ProdoCU SlOOTran. Coat. Oil . HOOTruon Oil Del.. 800;Cnioa Pac ... aOO'CniUd Alloy .. L'nhVed lmg . . . lOOOil'nited Food Prodi 1T 21 32 39 13 19 100 75 113 2T 13 I 82 12 33 a t 16 21 82 88 14 16 lO0 74 86 I 83 2! 2 a 1 a 1 23 23 I 11 11 9 8 68 67 39 36 ..1 4 48 . ..( 33 52 ... 47j 47 . .1 37 'a I 37 . . I 80 1 ho . ..I 27 I -OS , . . t SO I 20 ...I 33! 33! 33 - ... 16 16! 1V ... 8 8, - - S2 62 26 I 26 26 ! I 77 -I - so .1123 I12ISU22 116 37 12 83 12 92 63 16 21 82 89 14 19 100- 74 28 63 83 2 a 28 11 8 67 39 49 52 47 87 80 26 29 BaJaa.1 rPfXXg " Hkrh. tow. yA 2300 Traaado ...."'.."-I 10 I " I I " 9 lXOOiWabaati 0 8l 6V SOwwl aW A pfd 27 26 2T t aa B pfd. . . . . . . . . . ..... 17 . . . . . IWalaa-Fartw ...... ..1 79 j . 300.We.arm Pacifle.... 18 18 16 ! 1 a af A o IWaaaeew rata i ........... . M i lOO.Weetxnga. A B.,.. 63 63 S3 1 18 0OI aa E A M 87 36 87' 400'Woat. MA ....,. 9 9 9 V, aoOO'Wbita Matora .... 39 30 3V SaoOjWIUire-OawTiBad 6 7 7 200! da pfd. 89 36 38 mjWOaoa Packing ... 39 38 38 (Wawettam Ceatral 2T lOOO Wowrwarth 167 163 166 SoeiWeanaaxtnaai Pnaxp. 48 40 49 lao w aiT e 0 a a AOO WhHe Oil ...... 0 0 9 I 14 -I 73 .1 33 .1 3 SI 78 6 32 96 -I 8 -1.73 I I -1 24 -I 87 1171 40 63 1 93 27 43 106 11 43 31 23 61 9l 14 14 I 33 I 33 30; 30 SOj 30 77 j 77 6l 82 I 52 96 96 8 I 3 69 i 72 .SH( 8. I 39 Meakty. 4 , 4. 4 tarr rest. T?L ' of atara, 743.896 ahara 31302.000. I BUSINESS BRIEFS By Lea A Wire New York. March 27. Tha statrataat thaL the Marlra-Bockwetl ccrporaooa tat attapate. wnh the t-oecojt had bewa art lied it aaad. to aceotutt for the recewt rwa xa.thia aaaca,! ma lararwa mroiyea ta the nrUwantw.1 ware act, oatioaca. . . . The AtUnta Feaeal Wiwam bank taday ae-i dooed toe rrdx-roant rate ta 4 pet . Cofew aoid today at 39.45 for Mareb, 89.421 for July. 69 36 for aieptraabrr aani 39.33 far I December. Raw angar waa enacted at 82 60i for May. 32.78 for Jaly. 62 64 for fiat. I saM 1 aad 62.99 for Ieeember. Ra-fined. aavgar waa! at sa.BO for may. a lor Jail. 66 la September .aad (583 lor liecrmber. The Doainietx Steel Co. of. report for 1921 aaowed a rliargea. taxes and mrewtrariet 317.292 aa agalaat a aet in 1926. 23 I 28 86 HI b iTa 1U .1 39 83 21 94 27 44 104 162 10 42 30 24 60 9 . 17 17 .132181 -t 30 800Cnited Fruit 40 rnioa B. A P 8400IU. S. C. I. Pipe.. 8200 C. Botail Sborea... 1400C 8. Ind. Alcohol. 8200.I;. 8. Rub 200) do pfd 900 T. S. Smelt 26700 C. 8. Steel 4001 do pfd. lOOOirtab Copper ... 200Va. Chem . 1 do pfA 300OVanadiom SteeL . 3 137 56 34 44 47 66 103 36 94 30 3 133 S3 81 43 46 59 108 33 3 .I11T1117I117 63 62 62 38 31 32 I 72 .1 S8 37l 87 39 85 . 21 93 27 43 103 102 10 42 31 24 60 8 17 131 29 63 5 133 65 32 43 4T 66 102 83 94 Canada, la Ha set m.aais after art; aataai al af t of -61.655.464 The net income of the Harden Milk Cev tor 1921 after rhasgee add federal taxaa foamed to 32.924.74A Tba' Mairaarat after Mraaeaat I of dindenda oa the preferred aaack ta 811.44 oa ue comaaoa. That enmnarea ana a . a uxwaiif 2. 818.860 ar 319.93 aa the Dana ttack to 1920. 1 As antir'paled tha Germaa reicbahaat trial tend 30.000.000 aold x ark a froat tta want it to England this week. The reiebahant dlnaawai for the paeta year robabiy anil ba abwat la per eeai aa acaiaat 6.79 la 1926 ami 16.26 la 114. -si Mcrebanta and Beading Ih-ipatrai Tranaraarutioa rvwrpaal !4 preferred told exndctnl Veda 14 Amrxan Sarar kcflrmg Co. declared toaht tX-ey wwoid be well fixed for eaal tn e-eewt aat atrike. thanx itaenaa beiac aaanla far Im atr ibre moaUas. a - M . - -a 1 FACIFIC COAST BA5K RTATEMEMS Cleanngi Monday. Balaarea Monday a CararTaga, 1922. .3 5.64S.937 . . 1.461.518 1921. t 8 3.177.46 1.32,86 L .8 2.684.M6.M rranatatt Bank 1 UoDday 326,000.t6.a .3 8.21 8.4 86.aa l.e.ii4.o Cieerinaa Monday. Monday Oakland Bankt Clearingt Monday Oearinxs Monday .3 lA3B.T8tw4r8 814.898.927.aw IPtnn. B. R, eon. 4t '60! 85 80 96 44 67 33 7 7 66 103 91 102 41 H 107 04 86 H 107 106 84 61 107 94 97 99 89 78 98 88 90 94 102 79 83 107 96 95 do gold 6a 1936 ... .1106 106 80 96 44 67 34 7 68 103 91 H 102 41 107 04 86 107 106 85 61 107 94 97 99 90 79 98 88 90 94 102 79 83 107 98 93 106 and INCOME f AX EXEMPT Clearwater Highway Dist, 6s Xez Perce County, Idaho. Dated March 1, 1919. Due March 1. 1937-38. West Point Highway Dist. 6s Gooding County, Idaho.. Dated Nov. 1. 1919. Due Nov. 1, 1937-39. Evergreen Highway Dist. 6s Lewis County, Idaho. Dated July i, 1919 . Due July 1, 1932-38. LUMBELRlMESNS BBOADWAT AND OAK We offer subject to prior sale the unsold portion of: Tfoe'J $300,000 iCo Gill First Mortgage 7 Gold Bonds DATED: March 1, 1922 4 Federal Income Tax Paid DUE: Serially, 3Vi to 10 TeArt Principal and semi-annual interest, March 1 and September 1, payable without deduction for Federal Income Tax except in excess of 4 at FREEMAN, SMITH & CAMP CO. and office of LADD & TILT0N BANK, Portland, Oregon. Calla ble at 105 the first year, 104 the, second year, 103 the third year and thereafter at 102. $ 7,500 Sept . 1925 7,500..... March 1. 1926 7300..... Sept , 1926 10,000.... March 1.1927 10,000.... ..Sept. 1, 1927 Denominations 100-$500-$1000 MATURITIES $12,000.... March 1, 1928 12,000, ...... SepL I, 1928 14,000... . . .March . 1929 14,000.., ...Sept V. 1929 15,000..... March 1,1930 $15.000.-,'. . .SepL 1, , 1930 16.000..... March 1. 1931 1 6.000. ...SepL . (931s 143.500,. . March I. 1932 New Issue $500,000 Weitern Meat Go. First ! Mortgage Ten-Year 7 Sinking Fund h' '(.'. V' - Gold Bonds Dated February l; 1922 Dae February 1, 1932 First Mortgage: The bonds will be a direct obliga. tion of the Western' Meat Company, and will constitute the only funded debt of the Company. They 'will be issued under a Trust indenture to the Union Trust Company, jSan Francisco, as Trustee, and will be a di rect first inOrtgage on all of the. real property of the Company, including plants and equipment located in San Francisco, South San Francisco, Oakland, San Jose, . . Sacramento and Fresno, and all the capital stock of the South San Francisco Union Stock Yards Company. The property of .the Company applicable to this mortgage plus actual cost of additions up to December 31, 1921, ' has been conservatiTely appraised at $2,700,690.18, or over fire times the amount of the Bonds now offered. ' SECURITY: Closed first mortgage on quarter block, 100x100,, Fifth and Stark streets, Portland, and eight-story reinforced concrete store building to be erected thereon. GUARANTEED UNCONDITIONALLY: by J. K. Gill, John Gill, Susie M. Gill and W. A. Montgom ery, as to both principal and interest, owners of the entire capital stock of the company. DIRECT LIEN ON GENERAL ASSETS. The total capital stock of the company, by a deposit and pledge with the trustees by the stockholders ; and guarantors, places directly behind these bonds all the general assets of the J. K. Gill Company. INSURANCE to full insurable value deposited with the trustee for security of bondholders. LEGALITY: Trust deed and form of bond pre pared by Wood, Montague & Matthiessen, Port-, land, Oregon. " '- TITLES: Approved by Piatt & Piatt and Mont- gomery & Fales, Portland, Oregon. TRUSTEE: The Title & Trust Co., Portland. AUDITORS: Alex Rae, C. P. A Portland. 4 FEDERAL INCOME TAX paid by borrower." ' i . a The business of The J. K. Gill Company was established in 1871, growing from a nominal capital to a capitalization out of earnings of $300,000. It conducts a very large wholesale and retail business in office furniture, architects' and engineers' supplies, photographic, supplies, leather goods, commercial stationery, fine stationery books, ; etc Business for fiscal year ending April 1, 1921, amounted to $1,972,287:! net earnings before' deducting rent. $103570. 'v - i - Earnings of the company at the present rate are greatly in excess of requirements for bond interest i " 4 and bond principal. The greatly improved location in the center of- the retail district of "the City of .. j- Al 3 1 M Z 1 Al J ' -AT Jil 11. ? A A ?1 J 3 1 . Portland and the greatly improved economical methods of handling both its retail and wholesale business , 4 should very. materially increase the net earnings of the company." ; ,. . . .. - '.; . . PilCSI wfc0 ye 7 v Without deduction for Federal-Income -Tax except in excess of ici.' - -..'. ' 1. Prior to offering of theaa bonds we hawe- received Tolantarr adranoa aabacriptkma for mora than thrao-fourtha of tbe total iasue of $300,000, and offer the balance strictly subject ta prior aale and reer4n tha privileee to advance price, withopt notice. y - - . .. We will furnish circular' siring t ull 'details of issue upon request. " 4 ; " T . , ' Stockholders: Amonjr the principal stockholders are the Swift and Morris interests of Chicago. :, ' Price 100 and Interest, Yielding 7 'Wire or telephone order "collect"; Bond & Goodwin sTucker 1 ivraiNimi VHTtZQ STATES NATIONAL SAK aWtUIHC t, PORTLAND Freeliaii, Snit h & Caijp Co. Lumbermens Bldg Fifth and Stark Sts. : T . Broadway 5740 - . - . iilviniv i Tirrnw Mm- awaa aaaaa: aaa- . wa aaaaa a vaa, aaaaW tat a avaa Third and Washington Sts.1 'A&y Broadway 7191 .- t- '.aTvalillli ta raAjanara xaAwcgxta i - -