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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 1, 1922)
If 1 i 12 i THE OREGON DAILY- JOURNAL," PORTLAND, OREGON. -.Si .. , MONDAY,: . MAY 1, 1922. MANY CONDITIONS CREATE AN ERRATIC TONE IN FINANCIAL TRADE FOR WEEK'S OPENING SPEGULATiVES IN ! POSIIli Flffl NEW YORK BOND TRANSACTIONS Reported by the JcatraaTa Wall 8ttset Boreaa I i .win ii.iji i l"lm " tow l. West ' Wall Strst New York. May de veloped over. Bonds to preside UM neral f man ciai aatnarhnri wiLn Br Incentive. -ins iirowcrtlncs meant lieu -while tna Hmnu -plies t0 tlw pnwjoaals ( the ailiea remained ia Boabt, th Betas - the mart critical jxant now at issue. The foreica czebancea, where politi cal developasente are alwara moct clearly w jetered,. reflected the vrevailins uncertainty tir mo rim scarcely any writa tna exeevcuw ei Vendi franca. Hera Ibcra was coma allcht fawner, and a toe mesiure saainst tl. franc let up, tbe sell wa of ITrenctx (event jaent. bond, watch wan one or last week' neajce able iacideata, -bitmraa stopped. Baeoulattve Trade Important Both in, Bonds and In stocks, the speculative section vera more Important today thaa tha te weetateat wuetum. -la tl bond market it was no kmter liberties, loretrn- s-ov.rn merits and tha hie bar trad, railway- mortaagee wbksa took tbejead. These sroapa held their own well up to the blsbMt of tha year, but were not in clined to cain. ' Tha advance eoaversed mora nartlralariy upon mora speculative Issues .like the New 8rk city tractions, 80, too, in tha stock market the buying waa keenest not in tha preferred Industrials and steel dividend paying rails as it haa been en occasions where the in vestment pole waa moat noted. It waa rather centered upon such purely speculative stocks aa tha Independent steels, the motors, the American oils, the hipping stocks, to ooppers and the rubbers and Urea. Following the approved fash ion, those several groups were not taken up, but one at a time. It wss the same sort of a market aa that of a week and two weeks ago, wtih their important exception that operations for tba riae were more moderate and not accompanied by the manifestatfooe of popaiar excitement. The out side pubho was a factor, but It wu a .public made mors cautious by last week's sharp check. - a$eet Merger Mystery 'Wall Street was still in the dark regarding the terms of the much, discussed merger of ateel independents. But the .mystery was a help to speculation In such stocks as Kepoblie Iron at Steel and Lackawanna Steel in precisely tha same way aa it waa two decades ago in Federal Steel. Steel & Wire and others which afterward made Bp the United (States Steel corporation. , Tha components of tb steel corporation wera taken in at such grossly inflated price, that when the- merger junior stock came out it declined in the market from above S50 to below SI O a share, fetid it took IS years of careful saving to squeese out the water and gJvettae United Utates Steel shares a good Investment rating. It would be surp ruling if the negotiator of tha new ateel merger did not profit from this lesson of tha past Cotton out ef Rut For the first time, in a week the cotton " tar- L set sot out of its rut and had quite a shsrp (advance. This was directly du eto unfavorable 1 weather reports from the Southwest and the same influence waa a factor also in tha wheat ! market which waa strong. . Heavy selling of Interborough Consolidated stock at . the time the various bond issues were advancing sharply- suggest an impending reorganl isaUon of the Interborough consolidated ' with i the Interborough-Hetropotitan concerns, which ' would be beneficial to bondholders, .both in the latter company and in the Interborough Raped . Transit which might appear hard on Inter - borough ConaoHdeted stocks. The market' grew no irregular as thai day ,drew to- an and. Soma of the bil shares touched new high prices in the. last hour but even in this croup (profit-taking sales wera apparent. I , Pool Shares Dominate J Wall Street cools, were aeain th jhnlntliu finflnenoa (n today's stock market and they dem- 1 iimE - mvin& WB.11 aiieo upon so hold price despite much realisinc. When signs I of wavering appeared new leaders were promptly nrougns so iu : iront lor tna steadying effect tbtey would have,- Kapeeially waa this expeident resorted to la the final dealings. When tha rest of the market waa heavy and inclined an lug large .buying order were thrown into Bald- I win .Locomotive, Btudebaker and Crucible Stees. FOHETCW .EXCHANGE RA.TE8 O-orrected .' daily by 'the 1 foreign exehanaa da mrtment of- the United States National bank. quotations below- except the pound sterlingl are quoted, on too baaia of 1 tH units foreixn k urvsncy. Upenlng nominal rates on bank transactions: ( Iraft fJable lar . Check. Transfers V1im licndon 1-oa. Sterling . 4.42 S 4.43 S 4.888. . . . 9.20 .as "rane- Berlin Marks ; Ceaos I- Lire . . Athens Irrachmaa , t'hrwiiansa iVoPenhagen . Kroner , . , Kroner . .. Stock holm-Kroner piongkena; ( r uirrency . klapan - . . lea . . ...-( Sbanzhai TsaU .... 4.47 21.15 1S.7S 2S 85 6.4i 4T.4 75.75 Canadian dollar discount. 0.21 19.80 . .8 23.81 8.8B -23.1 k 4.4S 18.30 21.20 2.70 t 18.80 2tt70 2S.90 2S.70 .70 4T.65 78.05 ..... 2H per cent Forelirn Kxrhatare -Market New Tart. sfs 1 ill 1 n , Vnnge opened irregular today Demand aterliu i.f1 TC ; MsT marts! L?WBf? -e5h2n,!,e tirm today. Demand Wrhn& Maai; francs, ,0621 ; lire, .0534 H iaarks. 04(SH; kwmen. !2123. -wo. ' Pnfabwn. Kaw l.Ph,nMi .heed in March sr. estimated at 77 percent Sof plant canacitr. inint t; . ?e.., tebnsaryand 40 per cent JanuaryTrS t , orttrr's buainea. waa battw than fn anj : kiaulsr period is tea years, Wa.II Ktreet. Hw 'Tork. Mar I fw ITork City TraeUoss ware th leader IB lh tsiA aarkst tedar. Iatorboroark Sapid Transit at aa laterboiroaf a Met re poll tna 4Hi led tha war, seuina; a taa hlwkiaaC. sarlea atf Iks VMF ssd avaB the .'llaw Tark rauwavt sulluatnieBt as. rer- reseatlBr a. aepelesslr tasarist projh erty, ros. a polat.. Tha klmaltaaeoag trearta and toe weakaes, la tk later ftoremga. stock draw fertk a report that soma plaa f raadJasbaeBt f capital a eoaat was aader war; waJteM -waald aa aafarorabla fro at tha ataadvoiat of shareholdsrs aeeaase It would eomnel a flnaadal sacrifice, wfeO farorahl for the boadkolder. Apart from tklg gtory, kowtrar, i safndeat I reawa lor tka itreBgtk la tk lBterboro8gk and Talr Aveaae tecarlUef woald be foaad la the steadilj Increasing; earaiagB as a resalt ef tha appUeatloa of . strict economies, favored by tka decline la was;ee aad ap pUea, The laterboroarh posltioa of soarse kw beea areatly streagtheaed bt tha oaeroas kardea of tka Maakattap leas. Tka rise la the a par eeat bonds weU lata tka 7 as Is simply aa eipres sioa of ieoBfldeace that the Interest dls tiibntloa Instead t belar a matter of aacertaiaty crery six moatks may now he reg-arded aa reasonakty safe. Iilberty bonds moved rather unevenly, most of them below Saturday's closing:. New York, May 1 Following ' is sn official list of all bonds traded in on the Sew York Stock Exchange today, with prices and sales, up to and including the close of tha market Total aalea today were 815.210.000. against S8.873. 000' yesterday, 317,884,000 week ago, 814, 288.000 a year ago and 813,408.000 two years ago. From Jazruaary 1 to data. $1,83805.000, against $969,806,000 a year ago and 1,273. 339,000 two years ago. LIBZBTT BONDS Liberty SHs 33-47: I 9948 do 8 Ms reg.. 82-47 . 9916 da 1st 4s. 82-47 j 19936 do 2d 4l. 27-42. 9940 do 1st 4 s, 82-47... 9878 da 1st 4Ui. r.. 32-47! 9938 do 2d 4 44 s. reg., 27-42 940i do 3d 4s. reg-, 28.1 9970 da 4th 4 Ms. 38 . . . . . I 998S da 4th 4 U . rec.. 88.1 9972 Victory 4s, 22-28 10062(10064 do s, reg- 22-23.. 10042;10038 Victory 3 Us. 22-23 .... 10002 10002 Arointine Out. fia '43 i 85 I 83 do 7s '27 102 J00H King, of Belgium 7Hs '46 109 U 109 hi 8s. rets. '41 . 107 (4 107 H do a '25 .- Chinese Govt. En. 5a '51. City of Bergen 8a '45 . . . . City of Bordeaux s! '34 . . City of Copliagea SHs '44 City of Christiania 8s '45 City of Lyons 6s '84.... City of Marseilles 6a '84.. City of Porto Ale it. 8s '61 City of Bk. De Jan. Ss '46 do 8s '47 . . City of Sao Paulo 8swi.'45 City of Zurich bs -o Dept. of Seine 7s .temp. ; certfs. ! '42 Danish Mud. 8s, srr .A '46 do 8s, ser. B "46 Dominican Rep. 5s '58 . . . Dam. of Can.6Hs aotes'29 do 5s '26 do 6s '81 - do wi. of 1952 . Dutoh E. L rets. 6s '47. do wi. of 196 . . do rets. 6a '62 French Givt.1 8a i68 . . . . . - do TK -41 Imp. Japan 1st ii '29.. do 2d 4Hs '25 ...... ' da sterling loan 4s 'SI. dot C ... . King, of Denmark 8a '45. do etfs. 6s '42 ....... King, of ItalyHs,ser.A'25 King, of Nethlds.rcts.6s'72 King, of Norway 8s '40 . . King, of Sweden 6s '89 . : Bep. of Chile 8s '26 do 8s 1 ... ... . . . . do 8a certfs. '46...... R. of Cseehoalovakia s 61 R. of Vrucuay 8s 46.... 8. of Queensland 7s 41 do 6s ctfs 47 Swiss Govt. 8s 45 8. of B. Gsda. de 8. 8a 46 8. of Sao Paulo 8a 36. . . U. K. of G.B A L 6 Vis 22 do 6 4 29 . do 5 Vas ST. ........ TJ. S. of Besxit 8a 41 ... . U. 3. of Mexico Ss 46. . do 4s 4 i . . ' NEW YORK CTTT BOvris N. T. City 4Hs N 57, . .X107HJ107 RAILWAY AXD MISCELLANErti; Ajax Kuhber 8a 45 Am. Agr. Cham. THa 41. Am. Cot. OH Ss 81. .. . . . Am. Smalt 1st 6s . Am.S.Ref.8 temp.etfsST. Am. Tel. A TeL.evt. 6s 25 do col. r. 6v 4 do col 4s29 Am. Water Wks. 6a 89 . . . Am. Writing paper 39 . . . Ann.' Arbor 4c 95 Ar. k Co.realeet.4 Vj a 39. A. T. A S. F. gen. 4s 95 . do adj. 4s 95 . . . . . . . . Att. Birm. 4s 38 AtL Coast Line 7s '80 do 1st 4s 52 AtL Fruit, cvt. 7s '34 ... ba- A Ohio '29 do ret. 6s '85 t do evt. 4 Hi '83 do gold s c48 . , do prior lien SHs 25.. do 4sP.IE.W.V.div.'41 do ToL A Cin. die '59 do 8 He, sm'n die. '25, Barnsdall 8s .......... tell Tel. of, Pens. 7a '48. Beth. 8a 1st ext Ss 2B do ref. Ss 4 .. , . do p. m: 5s "86 .. . . . . da s '48....,...,. Braden Copper 6a '81 . . . Brk. Ed. Gen. s7 ser.C '80 no it ser o fso .. , 1034 & 118 87 H 93 lift 87 H 87 H 105 104H 105 ; 105 H 112 86 H 111 111 93 101 H 99 H 99 H 100 H 08 86 H 105 102 H 91H 89 774 78 111H 99 96 95H 112 102X lOH 105H 103 98 107 110 fl02H 117 -104 ; 105U 107H 107H hlOSH lOT 68 67 J 9922 9916 9986 9940 9960 9948 9940 9980 9966 9982 9964 1084 52 118 87 924 110 87 87 105 108 104 H 105 112 93H 111 111 93 101 1 99 98 100 9f H 96 H 105 i4 102 i. 91 89 77H 78 111H 98 96 95 HlX 102 102 103 H 105 H 98 H. 107 110 101 116 104 105 107 107 102 106 67 67 9922 1 9916 ' 9936 9940 9974 9950 9940 9980 9970 9984 9972 10056 10040 10002 83 101 H 108 107 103 52 H 118 7' 92 110 . 87. 7 105 103 105 105 112 93 111 111 93 101 99 98 100 98 96 96 H 105H 102 X 8 ?B 11 H 98 96 95 112 102 102 H 105 105 98 107 110 101 117 104 105 H 107H 107 103 106 68 67 ilJH BONDS 100 H 100 10 104 104 104 87 87 87 90 90 90 160 100 100 115 Ui 115 99 98 99 91 91 91 79 79 79 H 85 85 85 T2 72 '72 91 91 91 89 88 89 83 83 83 ,T3 73 78 106 106 106 9 89 v .89 . 46 48 46 100 99 10O 86 85 86 . 83 . 82 82 H 88 82 82 93 ' 98 93 80 80 80 69 69 69 91 91 91 107 107 108 K 108 108 108 SH 98 98 H 6 96 96 98 H 98 93 91 91 91 89 89 89 193 105 105 106 106 106 Saks. 4- J; HjgK P-rooklra Edison 6a '40.. Brk.B-T.7s TtL.Co. etfs. '21 do 7a. tr eo eta, "21 BUn TJa El 1st aa stpd '50i 8 35 '8 "80 30 Bovtonr V S T A X, "42. . Baft Roch sfc Pita 4 H 7 Bus Term eon 6s, 'S5... do buildinr Be, 'SO. ''. Calif, Gas A Elec 5s, '87. Canada Southern tSa, '62.. Canadiaa Gsa Else 6s, '42 Canadian Nortbexa 7a. '40 do deb 6s. '46.... Canadiaji Pac 4a perpetoall Cent of Ga. Byi 6a. '29 . Central Pacific rtd 4a '49 C B B. of New J to 5a '87 . do as, zeg '81W . . , Cerro de Pasco evt 8a, '31 Chesa A Ohio eon Bs. .'39 do evt 6s ?4...i.,. do tan do evt, 4 Ha 1980.. C. A A. rfg, Ss 1949. . . . a B. O- 4s TIL div. 49. do ret 6s 1971....... do joint 6 Hs 1958 . . . . O. A I. .5s 1951..... Chicaeo A Erie 1st Ss 82. Chicago GC W. 4s 59. Chi.. Ind A Sou. 4s 1936 C M. A St. P. cvt. Ber. B 2014 . . do rfg. 4Hs 2014.... do 4a 1925 .i. ...... do deb. 4s 1934. dotal Ser. B 1989. . do 4s Pn Sound 1949 C. A N. W. Gen. 6a 1987 do 6Hs 1936 ....... A. ,m KVts "87 . Chicago Railways Co. 6s.'27 C. K. I. A P, gen. 4s, '88 do its' 4s. 84.. . C. 8. P. M. A O. deb 6.'80 Chi. Cn. Bta. o H a.-S . . . Chi. A West. Ind. 4s '52,. Chile Copper vet 7s.'23.r. do coL tr. 6a. "32. . . t . C.C.C. A St L-G.M.4s,'03 do 6s. '29. , do dhr. 4s, 90 . . Colo. Ind. 5s, '34 . . . . Colo. A Sou. rfg. 4s. Columbus A 9 ave. 6a, Cons. Coal of Md. 5s Cons, Gaa evt 7a '25 . CubaCaneSugar 7a evt do deb. cvt 8s Bta. Cubaa-Amer. Sugar 8a '31 Cuban B. B. ,5s '52 . . . . do 7Hs etfs. '52 . . Curcb. TeL A Tel. 6s '37 Dela. A Hud. cvt Bs '35 d07 7s '30 D. A R. G. rfg. 5s '564 do con. 4s '36 .... .; D M. A FtD. 4s '35. Det Ed. rfg. 6s ser. B Detroit L'n. Kyi. 4s Diamond U. deb. 7Hs Dupont de Mem. 7Hs Duquesne LA. A P. 6a do T 7s s -o ..... J. Empire Uas 7s '87 . Erie 1st con 7s ext SO. , . do gen lien 4s 96 . . . . - do prior Ken 4s 96 . . . do -cvt. 4s Ser A 63. - do cvt. 4s Ser B 58. do Genesse River 6s 67 Ara. Indus Dev. d 7 Ha 42 GaL H. A M- Bs Gen. Elec deb. 6s 46. do deb. 5a 52 Goodyear T. AB. 8s. do 8s 81 Granby M. 8s 25 G. T. of Can. 7s 40. do 6s 36 G. Northern. 7 36. A . do 5s 62 . ........ Hav. P. Elec 5s 52 . . Hold. Amn. 6s 47. . . Hnd.AMan.ret 6s ser. A 67 do adj. one. 5s.. 57 . Ills. Cent SHs 34 . . Ills. Stl. deb. 4Hs 40 Ind, Steel 5s 52 .... do 5s mag 52 Wi. . Intbo-Met 4 Hs 56 do 4 s Tr. Co. etfs. into. K. T. ref. 5s 66 Intl. Agr. 5s 82 ...... do Cement 8a Int. Paper 6s B 47' Int Mer. Mars. s.f. 6s 41 Iowa Cent rfg. 4s 61 J. Kayser 7s ret. 42 ... Kanawha A Mich 1st 4s 90 sv. City So. 5, '50 do 1st Ss, 60 K C Term 1st 4ae, 60 ' Kelly Spg Tire 8s, 81. . . Kg Co Ele 4s. sttod. 49 Lsciawsnaa Steel 5s. SO Laclede G S L 111 Ss, 34 Lehigh V Pa gen 4s. 2008 do 6s. 28 Liggett A Myers 7s, 44 do 6 He. 2003 Long Island deb 5s. 37 do ref 4s. 49 ... . Lorillard Co Ss. 51 . L. A N. unified 4s, 1940 do SHs, -2003 94 82 :8 aa 90 90 89 95 98 102 114 112 80 Bw i 99 86 100 106 115, 100 92 .J 87 I!: 98 106 81 84 62 85 I do Ss. St L. div. 1980 Manitoba S. -W. 6s Manati Sugar deb. 7s,'42 Man. By. 2d Sta. 4 s, 1990 MM. St By. con. 5s, 1924 dO OS. I9Z4. . . i . Mariand Oil 8s. 1931 Marland Oil 8s warrants, '31 do 7Hs. 1931 Mexican Pet 8s. 1936.. Midv. Steel cvt Ss, 1936. MU. Gaa A Lt 4s. 1927. Minn. St L. con. 5a. . . . do 1st-rfg. 4s. 1949. . do rfav. Ss. 1962: . ". . . M. 8. P. A 8. 8.M.6fHa.'Bl H. a. T. G. 1942.,. do 1st 4s. 1990 do 4s. ser. B, 1942... do 2d 4s. 1990. do 2d 4s etfs. 1990. do 6s Ser. Aa 1942.. do adj. 5a Ser. A 1942 do 6s Ser. C 1942. . . Mo. Pacific 6s 1949 do gen. 4s 1975 ..... Mont Pow. Co. 5a Sr. A 43 Montreal Eram. col. 6a 41 National Tube 5s 1932... do May 1952 Wi.. .. . New Or. A N. E. 4Hs 69 New Orleans Term. 4s 35. N. YX'ent AH R. deb. 6s 83. do rfg-Aimp. 4 Ha 2013 N.Y.C A H.1C coL 7a 'SO - do gen. SHS 98 do 6a '13 -.; . N.Y. C. A StL. deb. 4s '31 N. Y. Dock Co. 4s "61.... 73 67 81 65 69 77 104 H 109 75 84 83 82 107 114 75 102 91 81 H 100 82 78 88 25 88 116 84 85 105 84 102 94 c-97 108 H 50 H 81 ,55 '4Ujl03 '32 83 '3510H 31H07 '491104 H .1. .10B 98 104 : 55 66 53 49 98 100 89 106 99H 116 103 97 114 104 109 1O0 82 92 H 86 84 100 92 99 89 20 17 H 72 80 109 86H 98 H 48 102 80 88 87 H 83 109 71 89 93 63 103 114H 103 80 76 94 91 103 1 Iow4 Crnaa. t 94 82 78 I 86 i 0 90 L 89 95 f 98 102 113 112 8r 89 99 86 109 106 114 1004 91 87 H 88 60 - BO I 98 106 ' 81 94 i 62 85 41 56 61 94 too: 65 91 93 103 Hi 105 89 H 85 80 49 60 102 91 82 70 H 66 67 84 63 H 96 100 63 96 67 100 99 !o& 103 88 106 77 96 88 U tH 74 67 t 80 f 63 I 69 76 104 H 109 75 84 83" 82 107 7 114 ?5 102 90 ; . 81 100 i 82 : , 25 88 115 84 84 106 84 102 94 97 108 49 81 j 85 103 : 3 107 lOBH 98 104 63 64 49 49 95 100 ! 89 99 116 T 102 w fl 1 114 104 109 99 H 82 H 92 84 63 100 91 99 99 H 18 10 70 80 109 85 98 48 103 80 88 67 . 83 168 71 88 92 63 108 W 1 14 102 8H 76 94 91 H 102 61 94 100 55 91 95 103 105 7 106 SO H 8S SO n 102 91 81 70 66 67 83 87 96 160 aa 9S! 67 99 99 83 69 103 88 106 77 85 81 82 78 BO 8H 93 98 102 H 114K 112 o . 0 " 99 86 109 106 100 8TM( 88i 60 BO, i- i 98 106 81 94 -62 85 75 67 80 65 69 7T 104 ofc 7B 84 88 82 107 114 75 102 91 81 100 ; 82 78 88 25 88 84 85 . 105 84: i 1102';. 94, 97 108 49 81 55 103 so : 108 107 104 106 1404 03: ' 84 49 49 96, 1100 89 106t064 lie 103 114 104 109 99 82 92 86 : 64 100 : 92 99 H 99 H 20 "!72 ' 1 80 109 , i 86H !98H !48H 102 80 88 67 83 109 71 88 ; , 82 s ! 63 103 114 : 103 80 176 94 91 103 61 .94H too Vj 65 ij il 95 105 106 , 8 : 105 89 185 80 49 49 102 91 -82 i 70 i8 67 83 68 196 100 65 ;96 67 1O0 1 i 99; 83 70 103 88 106 177 V6 85 m 81 H N.Y.Ed. Co. ref. 8 '417)110 a Y. Gaa EL L. H. P.-Co. pens. 4s '40.... da Bs" '43 ,. N.Y.N.H. A H, e. 3 Hs '66 do Ss '46 ...... ,do deb. 4s 'BS .. .... ; -ao den. 3a 'sVt ,t. !tY Ont A W. ref. 4s 92 ft. X. Bys, ret. 4s '42 .. . ; do ref . 4s tr. ce etfs, '42 do adi Be da .Tt.. do adi. Ba tr. eo etfs. '4 SI i.y.Bt.Kys. eon. 4a"B2 N.T.- S. A W. ref. Ba "87.. MT. TeL deb. 6a i49.j, do sen. i4s 39.... do ref. 6s '41 K.Y. West Af B. 4 Ha '46 North.-Pac 6s Ser B, '47 .do prior Ben 4s. TB?.!..1 do sen. Ss. '47 !. . i . . North. States Pr. 1st 5s,'41 Northern, BeU. T, 7s. '41.. Ohio, River ! sen. 4s.'B2 . Ore. Short tine eon. &a,'48 o gra. vi, ts ....... O-W. R. A N. 4s. '61... Pacific Power aV Lt 6a. "80 Pacific T. A T. 6a. '37.. .f 98 Packard Motor 8s, "3 1 .... 1 106 a. Jk. rn. as xrana., -s, . . isw Pa. Lv. M. B.B.. 6s etf. '581 84 Pennsylvania 7s. '80. .. . .1108 do bs. -e. ........ ..uoo Penn. KB. eoa. 4 Hs 60. .1 87 do gold 6s 36 .....111 do G. K.' 4Ha 03 ....I 90 - do eon. 4s 43 ...... .1 89 Per. Marq. rfg. Be SB... I 98 do 4s SB ....I 85 Phila, Co. ref. 6s 44 ,...(-97 Fierce Ofl 8s 3L ...... .1100 Porto R. Mat Tob. 8s 45.llOO Fort Jt U S P. Ba 81. .1 88 , do 6S 42 ........ 87 Pub. Serv. of N.J. Si (9.1 85 Prod. A Ref,. 7s 31 4... 107 Reading gen.' 4s 97 . . . ..I 86 K.Cen.B.R.NJ.cca4s 61... I 87 Rap. L A 8. 6s 40 .....I 94 V. R. G. A W. 1st 4s 89 ...I 80 do eoL tr. 4s 49 .....I 69 Rock Islft.rk.AL. 4H 34. 82 SLIM A S gen 5s. 31 97 do ref 4s, 29 .' I 88 do R A G div 4s. S3.. 83 S Jj B M 4, Pac 5s. 55.. . 87 S L A S F pr In 4s. A. 60 74 do 5s, aer B, 50 88 ' do gen 6a, aer V.MS. .1 99 do C 100 do adl 6a. 55 82 do ine 8s, 60 ....... I 70 S L ft" S W 1st 4s. 89 ... I 78 do eon 4s. 82 1 77 do term 6s. 61 ...... I 82 8 P A K C Sh L 4 Hs, 41 82 Sbd A L, cold sta 4s. 60.1 60 do rfg 4a, 69 . . . 44 do adj 6s. 49 26 do eon 6s. 45 59 H Sinclair Oil; evt 7Hs, 25. 104 do 7s, rots. 87 ..... 100 Sharon Steel Hoop 8s. 411100 8 P B Sugar 7s, 41 99 do A N Ala 5s. 63... 97 H S BeH TAT 6a. 41 97 S Pacific cvt 4s. 29 91 da rfr 4. 55 1 88 da S F Term 4s. 50.. I 84 H S. By. con. Ss 94...... 96 do sen. 4s 66........ 88. do .OHs 66. . ., . . . 99 H do M. A O. 4s 38 75 S. Oil of CaL deb. 7s 31 . . 107 S. A T. Co. of A. 7s 51 101 Third Ave. rfa 4s 60 ... . 67 do adj. 5s 60 .. 61 Tidewater O. Co. Hs 31.1103 Tobacco Prod. 7s 31 101 U. P. 6s 28 103 do 1st 4s 47 91 do cvt 4s '27 98 Union Tank Car 7s SO. . 108 United Drug 6s 31 108 U. B. R. A L S. F. 6s 34 86 tT. S. Real A Imp. 5s 24. 95 V. S. Bub. 7s 1930... 1108 do 7s 1923. 101 do 5s 1947 89 V. S. Smelt Bef. A Min-I tar 6s 1926 100 V. 8. Steel S F. 0s 19631103 Utah Pow. A L. 5s 1944.1 93 Tir.-Carolina Chem. 5s 23) 99 do 7 Hs 1932 . 98 Vir. Iron. Coal A C. 5s 49 92 Vir. Midland gen. Bs 86.. 98 Vir. By. A .Power 5a 84. 80 Virginia By. 5s 1023 95 Wabash lsti&s 1939 98 do 2d 5s: 1039 88 West Electric 5s 1922.. 100 West Maryland 4s 1952. 66 West Pacific 5s 1946, . . I 88 do 6s 1948 . . ... .1 99 Western Union col. 5s 281 98 do real estate. 4s, so a do 8Hs 19S8 . 109H Western Pacific Ss 1946.1 88 do 6s ,946 99 da coL Bs 1928 98 do reaPest 4Hs 1950. 93 do 6Hs 1936 109 H West Shore 4s 2361 107 W. A L. E. ref. 4s 66.1 99 Wifcon A Co. 1st 6s, '41. 99 do cvt 6S, '28 1 z do 7s, '31 1105 High. Low. ' Close. 109? 83 97- oz 83 a 7 48 76 40 89 ' B ' 9 71.. 68Ti 1BU 82 104 aa 106 87 63 92 106 96 1V3 101 81 91 96 10 -99 83 107 97 108 90 H 89 98 56 7 99 100 88 86 84 107 85 87 98 80 69 82 97 88 88 87 J 74 87 99 H 100 81 69 78 77 81 82 59 ,44 25H 59 104 . 89 99 9 97 97 91 87 83 96 67 99 75 106 100 67 60 102 101 103 91 93 103 108 86 95H 107 101 89 110 82 97 S3 83 99 48 77 49 89 10 71 68 10S 92 104 6 106 87 63 92 106 96 108 101 81 91 96 10a 100 84 108 100 97 109 90 89 98 65 97 100 100 .88 87 85 lf 86 87 94 80 69 82 97 88 88 87 74 87 99 100 82 70 78 77 81 82 60 44 26 69 104 100 100 99 97 97 91 88 83 96 67 99 75 106 100 67 61 102 101 103 91 93 103 108 86 95 108 101 89 H 100 102 92 99 98 92 98 80 95 97 88 100 66 88 H 99 98 93 109 88 H 99H 98 H 93 109 (107 98 98 91 99 102 H 92 H 99 98 92 98 80 95 97 88 H 100 66 88 99 98 93 109 88 99 88 93 109 107 98 98 91 104 105 7 Cumulative First Preferred Stock of the nd Ptio reserve of nelrly . ' ?3m GSr'T' West Ianrv Or, ' cirnas. Wash. LebarOr, WairericUle-Or. Floriston, CaL We offer a Hmited amount of this desirable stock, either in lare or small blocks PRICE: PAR, TO NET 7 or V REPUBLIC OF BOLIVIA External Loan 6 Gold Bonds Datd. June 1, 1920. I Dna Serially 1S26, ?27. '23. : ' , . -; i ' leiimiBatioB $1000- - . ' i ' SSdrfArUf1"117 America; isone of the richest ininend jands in the world. It is now producml? one-tktrd of the world's tin. Bolivia ,rl- aicnltaral and oil producing countrys and is the second largest rubber prcucirip; nation , ra South America. Bolivia's per capita debt is 59.10 as atrainst S2S7.07 in th- iTnft-swi i.sv always been excellent. I Bolivia's financial record -has ALL MATURITIES PRICED TO YIELD 7 70 wLtaHyzsisiai t BEOAPWAY and OAK t STANDARD Anglo American Oa . . Atlantic Lobos Kureka Pipe: Line Calena Signal OU . Ohio Oil . TOinoia Pipe, line .... Imperial uu.of canaaa Indiana Pirta Line .... International Pet Co Ltd -Prairie Oil A Oaa Prairie Pipe Line Koothern perm, w . . . Standard OB Indiana . . Standard Oil: Kentucky new do B" Stand Oil H T. , Vacuum Oil OIL ISSUES I 21 20 21 10 10 10 H 108 i f 67 I 54 67 322 317 817 190 185 190 112 111 112 101 22 20 22 683 628 681 237 220 217 220 106 103 105 82 81 81 91 81 81 400 405 AUTO SALES ARE DOUBLED IN YEAR de- St Paul, j May, 1. Automobile sales la this section' are fully double , those of this time last year, according to local dealers. Tha heaviest demand is for medium oneed pie ire cars. De mand for service cars , is . increasing and the accessory trade is good, i St Louis, jjfsy 1. Automobile msnufacturers and dealera report larger aalea and a better mand for ears throughout the Southwest New Orleans, May 1. Sales of nearly all makes of motor ears are ahowimr steady im provement although tha , tower priced makes are doing the best business. Some agencies report Increases of SO per cent la business over month. i . , ! :: BREAD St Lotrisv May I. Bakera tn this section threatened to strike if the master bakera put proposed lower wage seals into effect , 1 i RUBBER Cleveland, iO.. May Li The Sieberiing Rub ber cemsany '- reporta that the plants at .Barber tan. O.. and! Newcastle., Pa., are Bow turning out mors, tires than were built by the plants at tha peak of : their production before they were taken oer py, the present company . -i J I HATS - New YorkjMay 1. Straw hat asaaufactarers aspect the largest season in many years. The icea ef the- imost ezsenssve cradea novo been sedneed materially, according to dealers. Caieaso. May J.- Pncea for red low vme are advancing in etep wttb the teereaaad demand tn this eecnoa ana uongiaa nr vmcee are also U Pfttshnra. May 1. BoildiM materials reeving freely; ia response to an increased build- housing oorparatioa will : erect 800 this rear. i . L ' I i i -1 a UBS i i Ke;. ' TorkJ i Mav ' 1. i-Tbe mrlces tained at the fur auction sales last week proved nasi hat of a msa Doom tmen t to dealers, ( fit pelts were well taken but tha poorer , grades many instancae were bid' ia by their owners. - - : T- - ; SHOES .. - i St 'Louis. 'lUasJl. Maanfacturera of shoes report saHsfartory aalea and gratifyina - April aactlementa. i CoUeetiona xeoeet dwellings which ob- .1 - SOKTHWBSTEBir ELECTKIC CO. GUZSStJTO CONTEST ATTRACTS Thousands ei Portland! people have bees at tracted i to tha , Northwestern Klertric company's display window at Tenth land Waahingtoa streets during tba peat week, to take pert in. the uniqae cantes? t&at enoa TBoxsaay axtwrnoon. -tbereafter ' aa the sneeeaa cam all ba eountsd and the wiaswra determined their asmes will bo ansnounced end Basra than S80O ia prises arm ae ajatnouxea., : a-:- ---! ..-. k-;,j. lu taa display auiduwa the eoasuasaf elavced a base saaa of rottmad ana sunoundins- temtm. Ob this man appear rsd-caped tacks, each reprs seatlar one of tha thoasaads of start hcAters of tna entseera nvmg ra tregoa. wasntagtesi ar Cai itornia. Anybody is eatitiad to sukaxtt esse guess st the aamber of stock ha idars taoa rapieseuled. The aersoa whoso estimaste is rlnaiet tn tha asaal aamber of stockholders will ba awarded a grand pose raised at 8100. Thia ia a share of Nerth- tust, art tened stock, bearing 7 per cent Were thaa 130 other fHiseh will be awarded ts the makers of he next nnsnl uiniu. 1. additsoa to tlieae prises, the company is edvfaur away a special SS cash nriaw wtrtw ri.v sous lucky enouirh to be paotraphed ia front of t..e iOTtawesxem s OTT5cef;. - x'aotogrsrs are tah-. aa eveiy alteraoeo at 8:30.'-" WALL aSTREET 5TOCK QUOTATIONS ' ' Beported by Ovwrbec A Cooke Co., Board at Trade BuMing , , L i "i JWaH Srroet Journal Trinancial BevtewV . Hew Tark, May 1 (TJ. P.) All doabt rassralas; tha eoaUaaaaea of tha aasUa forwax Btoyeaiaat arsvs dlsaeUad ay tha ttctfaar ax todays aaarkst am ti Stw Tork stock axekaaara. . ' . Froas tha start af tradlasr It -raa otI deat that tha raaetloaarr teadeaciea af last week wrera baaed aa Barely teekaleal rraaads aad a4 aaaB swtalas- to waakaa tha tkaoir ttat aa sexloas iatarraptloa af tka prlaiary hull market was la Isa- Bsvadiavta arosBeeU. i StadebaAers krJBlaat eajralars state meat aad reports af further arogress la tba ateel anerrer harlar broarht ss Ylood af baylar orders dariae; : the ZBoralas; koars. BapabUo Iroa aad. Steel headed tha rise In tha Uamstfla tTOBB wiia BBMtaealari aarask wkfck eaxrled tke ato.h- to av aew hlak for tha rear at a larel 8 aalats abora tha lowtoaeks la last wakks break. Lackawaaaa Staal also lerael its -praTtoaB jlfM tsra bat KMrala aad Steal coraaioa reneeiea mo aethasiasas oyer tha propose comblae of tao fsVdeaadaBls. i .- '!' Wan aaeelfle detaUB resraxdlar tka are posed adraaca La ! MM-Co a tine at rrade ariees faxalskad tka t oaadatloa for farther seasatlOBal deraoastratloa tm ; tta ail stacks. Staaaara Oil af XT, J. aad StaadardiOn af Calif orala mala- taiaed tba leadership of this rap, cllmhiBs; to eoaslderably higher larals thas wsn aaea en tka sharp adTaaeos of lata last' week. Bales.) : BTOCKS High. 1100 300 4100 1.000 . . , . . n ...... 600 Agr. Chem. 800 do pfd. ...... 2300 Ajax Bub. . LOO Alaska Gold 1600 Alaska Juneau 11 00 Allied Chem. ..... 1700 Ail is-Chalmers . . . . " 100 ,do pfd. ....... 600 An. Beet 8 agar . . 600 Am. Bosch 6900Am. Can Co ,. 800 Am. Car A Fdy... 100 do pfd. . r 600 Am. Cot Oil , 200 do pfd. . .' . . . . . Am, Drug Synd. . . ' 200 Am. Bide A Lesth. 100 do pfd. . 1300 Ant lee . . 4300IAm. Intl. Corp Am. linseed do .pfd. . . . . '. Am. Loco. do pfd. Am. Saf. Baaor 3200: Am. Ship. A Come. 8600 Am. Smelter 100 do pfd. 4300 Am. Steel Fdy. . . . 1100 Am. Sugar 10ft do pfd. 40 , 68 18 1 1H 66 50 99 ; 49 49 161 119 25 63 i 16 49 107 46 34 56 118- Low. I Cloae. t-f 89 67 17 1H 66 60 99 40 47 47 168 119 24 58 15 69 100 45 83 H 66 115 1000 15 00) Am. TeL A TeL 9O0 1200 2000 Am. Tobacco . do "B". . : . Am.. Wool . . . do pfd. ... do P pfd Am. Zinc . . . . , Anaconda . . . , Assd Oil Atchison do pfd AtL Gluf A W. Baldwin Loco. . . do pfd. . . . . 4400Balto- A Ohio ao pia Bamsdell Corp. Beth Steel "B" Booth Fish ... . B. B. T. Butte C. A Z, . OIBntte A Sup. Burns Bros. . . . Caddo Oil . . . . Calif Packing . , CaBf. Pet . .., , do pfd Candian Pac. . . Cen. Leather . . Cerro de Pseoo Chandler Motor Obi. A N. W. . 1001 1800 16500 900 1300 700 6900; 17400 400 6300 24600 1600 1600 520 2900 1400 1500 6900 2500 L . 1500 900 8200 2900 1100 S400iChi Gt do W. . 7 18 49 98 89 IT 7 101 s.n 122H 140 136 92 "ss t '1 18 J 54 ; 119 101 90 ' 35 118 47 61 64 7 i 22 pfd. 7 17 48 8 89' 75 101 iza. 140 135 91 83 19 53 119 100 90 34 115 '47 " 60 63 78 '2i 7 29 131 13 79 57 141 3S 86 74 74 22 63 189 68 - ;17 t XL 1 66 BO 99 140 48 48 160 119 24 63 a5 J!!.. 45 83 114 115 17 18 68 98 89 75 101 34 122 189 186 81 106 82 39 53 139 100 t0 84 118 112 47 60 54 78 H 6 22? 7 29 138 13 79 56 95 142,. - 88 87 74 74 9 22 Sales-t 1 STOCKS 1 S600I ;ioo t 800 tlOOO V BOO 0O 6600 8600 1400 8900 11600 6SOO1 SOOl 400 12900 1700 1200! 3200 1000 800 , 2Cf 400 IOO 1500 1400 800 1700 "ioo 8900 100 400 600 o w-a .P. ... ....... T200ChiM Cop. SOOOrOhioo 4t.,. .i 26O0JO. M, A . ao ofd. Coca Cola C. a 0v . , . -. CoL F. A I...... Colo Southern ... CoL Gas A lee.. Columbia Graph. . . Con.' tjas ....... CeatL Can ...... CUies Svo Bkxs. . . Oonk ' wPsTOd ? m aa' o I do . pfd. ...... Coadea Oil . .... C. B, t A P.... o ra- pfd... do TB" pfd... Crucible do ofd. ...... Cuba Cane ...... do pfd. ...... CabsB-Ama. Sugar Del. A Hudson... Dome Mines ... . Dot A Lack. v. . . Darisoaj Cheat ... Eadicets Johnson - . Erie . .1 ........ . do 1st ofd dee. Sta. Baty. . . Irasaous Players . fed. Min. A Smelt. I do pfd. ....... Fstk Tire . Gaston Wans. . . . . Gea, Cigars Gen. Elec ........ 45200iGen. Motor ...... 600 Glea Aldea . . . 1800 Gea. Asphalt . 2900 Goodrich . . . . . ..... Goodyear 1800 Granby ...... 2400 Great Nor. Ore. 2100 do pfd. . ... 400 Greene Canaaea 23400 Gulf S. Steel.. 600 Houston Oil . 2600 Hupp Motor . . , 600 I1L Central . . . 1800 Inspiration .... 100 lot Agr. Corp. 200 do pfd. . . . 10200 Interboro 12400 do pfd. ' 8000 Interstate CsQshsn. 100Int Barr. High. 1 Low. Closa, 10600jlnt ' Mer. Marine. 15100I do pfd. ...... 8200 Int Nickel 7200 Int Paper ..... ..... do pfd. ....... 7900 Invincible Oil ... 1500 Island Oil ...... 4300 Jewel Tea . ... . . . 1200 K. C. Southern. . . , 1001 ; do pfd. 1 8700 STelly-Spgfld. 25100 Kanneeott . . .... 7700 Keystone Tiro .... 10900 Lack. Steel! ..... 1700 Lee Tire .(....!., 2000 Lehigh Valley . . . . . Lorillard . i , 1500 Loew Theatres . . . . . L. A N. . 200 Mscksy . . , 3300 Mariand Oil . . . . , 1500 Martin A Parry.., 1600 May Stores ...... 8600 Mex. Pet 90O Miami . , 14800 Mid. States Oil. . , 17700 Mid vale Steel 18100 M. K. A T. WI. . . 2800 do pfd. WL . . , . 2900 Mont Power 6200 Mont-Ward 600 Mo. Pscifio ...... 2000 do pfd. . M.StP. AS-S.M. ... 70O Nor. Amn. 600 Nat Biscuit 210O Nat Enamel ..... ' 600 Nat Lead ....... 1300 Nevada Can. 810O New i Haven 700lNorfoIk A West .. SOOfNor. Peciflo 400 Nova Scotia Steel. . 800 N. Y. Central . . . . 170Opkla. Prod. ref.;.. 600 Ontario Silver. 1500 Ontario AW 900 Otis Steel 8800 Pacific Dev . 200 Pac G. A Elec 800 Punta Allegro. . . . . t9400!Pacific Oil TOOIPan. Amn. Pet. . . . 120O do' 'P" 2700 Penoa ....... 100 Peo. Gaa 19 ! 28 I 45 66 i BB ... 32 LB0 88 6 116 BJH 104 43' 46 B6 83 66 S 32 121 LS7 at 84 14 Z4 L171 82 43 IB 72 164 18 47 68 42 25 40 76 82 87 79 19 107 42 11 89 8 8 7 96 85 H 18 i 61 18H 21 28 68 61 84 32 BOH B4 68 17 1 . 2B 37 44" 85 64 81 66 87 4 115 OB s 108 42 45 95 83 BAH a V 18 34 S3 131 37 116 60 84 13 28 169 80 "is" 18 1 168 12 47 62 41 B a o e 35 89 74 33 87 78 18 107 41 11 8 6 7 6 38 83 18 60 i7 28 68 60 83 21 H 68 83 62 H 17 18 SB 37' - 4 86 64 SI 8- J' 87 4 116 :r 7 24. -: 10S 11s 43 45 95 83 6 BO 15 84 23 120H 37 lis 60 84 18 23 170 80 11 44 18 70 168 82 41 IB 25 89 T4 V 81 HT 87 78 18 107 41 10 89 8, It 96 24 84 TSSi 01 so r "I. 20 28 681 50 88 22: 69 83 62 149 17 118' 90 30 80 120 181 29 17 41 70 " 28 24 67 60 f 69 154 : 41 98 i . 17 i;- Sale.' STOCKS - HBghTI a a a1 91 80 81 80 81 80 121 119 182 181 29 29 10 14 89 87 18 17 42 41 71 70H 22 21 24 24 67 57 60 " 59 164 . 153 42 41 93 93 .17 17 28 27 2TH 107 107 106 76 76 78. SI 80 8 IN, 90 89 89 I 8 S SX I ab if I av sv I av I 1 J?7?l Jil zLJi Dal S .sAUl ao 1 eo ik I M 62 60 61 1 64 68 I 64 V JS OS I BT i 01 A 1 41 41 41U A 87 I 87 f 861 1700iPere Marquette.,,. - 4600 Pare Oil. ... ..... . lieoOfPhilHps Pete 8200,Pieroa Arrow.,.,.. a 7 0 (Pierce Oil 1100 Pitta Coal A IBOOlPitta 4 W, Tl. . .... I Ul ........ tvs raaea Bteai Gar, . , 1700Pallmaa ..ji...;k 1800 Ray Cons.... J.. i JOOrRaadina .......4. 6 00 1 Remington . i . .. . ISOOBeplosla Steel..... 900 do Pfd......... 600 1 Rep. Motors. . 6700lRoysl Dutch OU. . . 200 By, Steel 8pg.. SOOfSaxoa Motors..;.. ISOOcSeara Roebuck. , . . . 200 Shattack. Aria. 800 ShelirTat T.,.,1. 1700j8incharA. I OOO I do N. J B00 SJosa Shaf a200South. Pselfis ..... SgOOSoath. By. .;.';. 10800 Stand. Oil Cel.... 3900 St Ia. A 8. F 900 Stromberg Carb. , 42800 Stadebaker ...... ..i... Swift AO....... 2000 Ten. Cop. A Cheat. 10200 Tessa Oil ....... 800 Texas Pacific. . . . . 110O0 Tex. Pac C A O. ItTob. Products. ... Tran. ContL Oil Union Oil Dal..... llOOILinioa Pac. tl70dtTob. 9800 15600 2001United Allow 1 . . llOO TJnited Dmar 1 . 1400HInited Food Prod. J united rult . . . . , Union B. 4t P... , . O. S. C. L Pipe... Unit Res. Stimi . U. S. lad. Alcohol. . V. 8. aabber.... do lsa ofd O, S. Smelting. . . U. 8.) Steal do pfd. .. . . Utah Copper ...., Vs. Chem. do afd. Can. Steal Vivandon .. Wabash ...... do A, pfd. do B pfd. .. Wells Fargo ., Western Pac do pfd Western Unina SOOlWestinshouse 100 1700 6900 6300 6700 100 500 1800 200 6500 800 100 1900 800 8600 8100 600 200 4000; 1100 800 1900 400 706 ' 'ioo 600 SI 00 2100 do E. A M.... West Md. ........ White Motors .. . .. Willys-Overland .. . do pfd. Wilson Packing ... Wis. Central ...... Wool worth! . . . Worthington. ' Pump. W. 1 E. White Oil .. I Money , . . . 31 84 45 22 10 83 S4 a a 80 its 16 7T B4 81 B6 32ft '-8 . 63 103 B 7B a 46 BS 180 46 90 35 116 Bl 65 120 101 13 48 34 29 67 13 23 IBB 84 73 6 66 86 61 68 105 41 88 118 B7 84 73 42 12 11 82 33 H 63 95 62 12 48 8 40 47 160 62 IS 10 4 Total stock sales for tlia da7 shares with bonds aalea of 818,84 Ex. dividend of 2 H per cent t Ex. dividend of per cent , I Ex. dividend ef 4 per eeat Lew. SO 83 44 20 36 BS 88 , . . . . 80 1134 is ?7 83 81 63 61 "8 V, 6S 102 SH 76 B 46 31 183 44 88 14 113 80 64 118 101 11 47 84 -38 66 11 32 187 84 71, OH 66 34 60 jB0 64 loot. 97 118 B 88 79 42 12 14 S3 Close. 23 62 98 " 83 11 47 7 89 46 .UI. 160 62 13 10 4 ' 80 38 44 21 10 63 8 3H SSlB 80' 76 SS 31 65 2 S 88 103 - S 7B 8 46 81 100 ,189 44 89 14 114 ae 64 119 101 Sat 47 88 39 fl 23 187 H 84 141 66 84 60 81 68 104 41 97 118 66 84 78 43 12 11 82 ' 86 78 22 62 8 95 62 11 48 8 88 '46 38 160 63 12 10 cent" Time asoney waa quiet " Rates were 4 4 "per cent . The ssarket for prima saercanu.e latwi waa oulet ' - - ' 1 . . Call money ia London today was 1 rr eeat Starling exchange waa steady, with buoi aess 4nbankers', bills at 34.43 for demand. -"v-Wp:,: a 11 at , M,.),.: , PACIFIC COAST BASK STATEMENT. ..v,,, .iS -fyt sarusnd Sanks - ' - - 1923 nearings Monday. . 6,773.100 ;..$ Monday . . 1. 195,481 : , Monday .y . ... , 4, .4,. fjti ., 8 Monday . n xaoosna aariKS ' L MdVdey's transacUona '..$ 342.000 ...Ban Franolaco Banks x Clearings. Monday ...... .$28,800,000 . , aaoiana aaasa , V Los Clearings. Monday -i 1821 8.428.8ft 1.170.176 8.147,147 1.381.704 .33.304.400 . 1. 818,037.933 vaa 1,104,700 7000. BOSTOIT COPPEB SHABES9 (Reported by Overbeck A Cooke Co.) Bid. Aria. Com. 8 Adventure 60 Ahmeek. . 62 Alloues. , 28 Arcadian. . 3 Sing. Mns, 15 Balakalht.. S Cel. A Aria. 59 CaLAHec.278 New Com 17 Centennial 10 Cop. Bs. . 42 Davis Daly 8H Daly West 2 K. Butte.. 11 Frank. Mg. 2 Hancock. . S Helvetia.. 1 IsL Creek. 60 Keewanaw. 2 err Lake SH Cod. . 4 Mfchigan. . 2 hawk, . 58 FaaValley 2 ' 9 10O 68 26 8 15 : 5 ' bo 274 18 11 42 8 Bid. (N.Butte.. 512 Nipissing,. 5 N.Lake... 30 (Obiiawa... 8 (Quia. Mug. 48 lisle Koyai. 24 1 IS. Lake. . . 45 (Sup. Boston 1 J. S. Mch. 11 do. pfd. 26 1 B.Utsh... 8 ' Sup, Coo. . S IShattuck... 8 11H 2H SH 200 3 4 3 . 69 3 2 tTria. Cora . 2 (Tuolumne 85 Otah Metals 1 SJtah.Oon.. 3 D. B. Mng. 40 H do pfd, 3 H,tTtsJn Apex Ventura, iiciona... Winona, j. . Wolverine Wyanedott 45 B 14 6 60 . 3" 44 25 46 1 13 26 19 8 9 2 70 1H 2 41 46 27 s 28 i 1 2 18 13 13 IS. 40 80 Moaey aad Exekaag-a . . New York. May 1.- -Call moaey on the floor of . the New York stock sTohango today ruled at 4 per cent; high, 4 per eeat; low, i 4 per LlmgemcntPrcdiict Financial Condition The three items mentioned above constitute the main essentials for consideration by .the : investor in industrials , .-- - ... . ' - '- -' '. ' . Excellent manag-einent, a prod uct constantly growing in popular favor and a highly' satisfactory financial condition are the three things of which the stockholders in Northwestern Electric Com pany are particularly proud and which make life current issue of cumulative, first preferred shares so popular. The placing of the issue is nearinkr completion. In quire at office of the company, . J. G. Tavares, Mgr. Stock Sales NORTmVESTERN Electric any Bdwy. 580. Washington at Tenth We HaveBuyingOrder for -1 Albert Bros. - MmiBgr Co art S referred or eommoa reroa Palp A Paper Co , preferred f : f , ' 1 166 Paelfie - States Fire tasaraaoB : 10 Foster A Klelser. Pfd. SB Portlaad Gas Coke, 7. Pf 86 Fisher Floarlas; MlUa, Pfd. Will Sell X a P. 8 aotes. (t Amerleaa lilfeorrapli Co. -86 Paelfie States lira IntarsBea - S.bbo Alaska Pete A Coal Co. 8.960 Bosraa BlTef Water Beads, 1838. (City of - Craats Pass. V4 aasisi 8.866 PorUaad B; par Quotations furnished art any mar ketable security Jin tha city or out- lae. .... ( j C. B. HARRINGTON CO. BDWT. 6113 a 888 Chamber of Cosnmsrea Bid'. Overbec . , kr&CooIieCo. . 1 . z itton, Grain, Etc. if Trade Buildlns; Stocks.1 Bends, 316-317 Board DIRECT : PRIVATE WIRES To New York- and Chicago Xembers ChJeasja Board af Trada CORRESPONDENT i "OF XXGAN BRYAN Local Improvement Revolving Fund OF THE CITY OF SEATTLE "The faith of the City of Seattle is tleigcd to the prompt payment of principal and interest ef Seattle Local Improvement Bonds through the Local Improvement Revolving Fund " terites City Treasurer Ed Li Terry ' NEW. ISSUE OF1 ,400 WASHINGTON t- 1 . ISSUE 6 IMPROVEMENT ONDS DATED FEBRUARY, 19?! . OPTIONAL u i DUE FEBRUARY, 1945 PRICE PAR ANDiflNTEREST r " 1 " " - '. I'-' J TO YIELD : ! '4 DENOMINATION $200 ! ?! Principal and Interest Payable at the Of f ice of the City Treasnrer, Seattle, Washintrton, sir of. tha Offiiea sf Mnrvia Rrnthara CVtrnnrotinn. PArtlsvf flvasrnvi ' FROM FEDERAL INCOME : . -. TAX? i " ! . ' I ! - FINANCIAL STATEMENT Actual value of taxable property (estimated) ...... .$489,908,794.00 - "Assessed Valuation for purpose of .taxationj 1921. . .... 1 ' Total bonded debt (includinsr this issue) . . I. . . . , .-.T 47,026,800.00 Bonds self -supporting (including this issue) 37,421,949.60 . j Net bonded debt it. j : . . t , T M Population, 1910 U. S. Census, 237,979 i t i Population, 1920, U. S. Census '(increase 33) 315,652' AS OFFICIALLY REPORTED IS- $244,954,397.00 9,60450.40 S I The City EATTLE water and rail gateway; to and ' from the northwestern portion of the U. S having one of the most important harbors on the Pacific Coast, with terminals of four trans-continental railways : the Northern Pacific, ; Great Northern, Chicago, Milwaukee & St. Paul, and Uniop Pacific, is a substantially built grow ing city, j f -V The commercial importance of a city "the' size of Seattlei whose manuf actnring and industrial activities are extensive and widely diversified, is of Seattle ii ' , i ' I greatly added to by its constantly increasing Oriental, Southland Central America,; Alaskan and coastwise trade. These are factors. that bake Seattle one of the greatest distributing centers in America. : i :-t,-.;,:i-r -f The city covers an area of 58 square' tnilesj as 1 w - B Ti B J a-ws a ' . . . m I T As eaown py wie urutea stales census, tne popu lauon increasea irom v,sva in lyxu, to 315,652 in 1920 (an increase Of 33;) u Thirty-one banks; wim comomea resources! or $188,545,489, fulrnish aaequate baiuclng iaciuties i ? , A ejt ; 1 1 i ' These bonds iere issued under the local improvement district law -and are a direct charge against ! the property. - The Sanitary F'dU for which these bonds were issued, is industrial property and located v the industrial district and is provided with rail and water transportation facilities. I The local m Provemeni district h No. 3156 ? the City of Seattle and is protected by the pledge of the credit of ithe City of Seatllle, the same as all ether local imrooement district issues, through its revoking fund.' Amount $3,000 13,000 , 13,000 !; 3,000 I 3,000 3,000 3,000 a -44. V.e. 3,000 3.000 t r' . i -..." ; Est. Mat. Feb. 1, 1924 Feb. il, 1925 Feb. 1, 1926 Feb. 1, 192T Feb. 1, 1928 Feb, 1, 1929 Feb. 1, 1930 Feb. 1, 1931 Feb. 1, 1932 Feb. 1. 1933 Price Yield Par: 6 Pari, 6 Par. 6 Par, 6 Par, j 6 Par 6 Par r 6 Par ! 6: Par 6' Par 6s Telegraph or Telephone Amount $3,000 ' 3,000 3,000 . 3,000 . 3,000 3,000 3,000 7 3,000 - , : 3,000 . 4,400 ' Est. Mat. Feb. t, 1934 Feb.il, 1935 Feb. 1, 1936 Feb. :1a 1937 Feb. lr 10Z8 Feb. 1, 1939 Feb. 1. 1940 ; Feb. 1, 1941 ; Feb. Is 1942 Feb. 4, 1943 Price Yield Par i6 Orders at Our Expense Par Par Par Par Par ; Par Par ; Par Par 6 6l 6- .6' ' 6' 6 6: 6; ! L MORRIS BROTHERS CORPORATION MORRIS BUILDING, 303-11 STARK STREET, PORTLAND, OREGON. f PHONE BROADWAY 2151 Wb Hava Obtained tha Information. In This Advertisement from' Official (Sources, and While It Ia Not Guaranfeed, Wa Believe It to bL Keliable - ' . ; ; - v . i - - .and Forma the Basis on Which Wa Ourselves Have Purchased the lionds . ,i, t j s