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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 17, 1922)
t5- 'j ' ' j,.-T .T ; THE IjodrnaiL Ki t t ;;s- 10 7 OREGON DAILY PORTLAND, OREGON WEDNESDA MAY 17, 1922J bENERAL AIR OF HOPEFULNESS IS 1 SHOWN IN THE "MARKET 'FOR SECURITIES AT THE , START TRADE IN BONDS I MORE LIBERAL Wall i - Stuart P. Wert Ktnrt. -Kw Tort. Ma 17. Interwt todax markets eonreitcd ehirfly cn tha Stock trf"ir list. -Nothine important nap- ZZJ"' i 1 . fa. . until. way. Aaain aa on Tues day they failed to show any sensiti vraen to the irorttinttes of Euro pean politics. Both str linc and continental jratoa lost titth) cronnd tamt the decline was insignificant. U o c meat in wheat and potton war of leas con peqnenee than oa other days, although the tact that h July wheal ioption should be hold in a to close to tha high est cf the year while leoUon is, back almost jto last autumn's top. are of considerable moment to - -ne . enure business outlook. Mora Life In Bonds There was rather more life than has been for the last week or so in the bond market. The rise in the more speculative bonds sraa, of course, a, companion more to that' in trucks. It was also noteworthy that Liberties, ome of the foreign government and rails of Strictly investment type, went fractionally higher. I ine atoca market broadened oat very de mil . ' V !V"'' x " " --' .; ' . i. S'3 the select ire trading of were stall conducted by speculation covered a eventually involved ac v, tidedly as compared with ether dayst Operations ; groups, but this group . snorh wider range and live baying accompanied by higher prices, hi - f Till V t M tMW nt Hi. ' ...v. .K . lead at the start and . maintained a nrominent Mace throughoBt the session. It began to be (tetter appreciated that the copper situation is Similar to that in the steel trade in the early part of March. Copper prices have started up as steel prices did then, I as a result of depleted annpftea and there is the same Incentive for topper mergers that there has been for steel :' pergers -namely, to effect economies and better ' I f them to meet competition. i 5 I .Copper Shares Boom cs As . the corper and smettiac storks one after mother passed their preriotta high points . for 022, the whole market became more confident 'be buying originated with , Wall street cboues I and syndicate managers ami spontaneous ont- j, ame buying waa a minor factor. NeTertheless ' from a practical point of view it waa Important ' that the market situation should have appealed to these expert fudges as strong enough to wir raot g more general resumption of activity. The snore In the metal group! included thei lead and Sine stocks as well aa-the coppers and smelting tssuea. Studebeker was tha featnre among the fotor iasuee, afidvale among the steels and New aven and Bock Island among the rails, tan ttecks Aided t; f Steel stocks telt the effect of the weekly trade v ieviawa which again struck a cheerful note. Some ' . increase in soft coal output has been acoom s ' ' aanied by a somewhat lainger production of pig ' iron. Both the United Statea Steel corporation etc ; gnd the Independenta are operating at the same ' - kigh rata . that they hare been followinx since the first of April, and despite this, they are getting further behind on deHeerles, so much so that it ia becoming more and more the prac- ?ce to offer premiums for early shipment These conditions point to a very different showing in the steel earning statements far the second quarter from that of the first three oaths of the year. j verger Talk Revlved The stock exchange, howerer. waa still mainlv terested id the merger discussion and the aoe- ial strength of Midvale Steel waa due to rumors that the company-might be taken into the Hyh. khem-Lackawanna combinations instead of re maining in the six-company group. The heavy trading in Midvale waa the feature of the last hour of business, but the whole market became more animated aa the day drew to an end. iU stocks which had been lagging behind for week or so, were taken up in anticipation of another early advano lni gasoline prices. I More interest waa shown in the Sugar stocks. he rise in International H arrester and ether mess representing eompaiuee doing business frith , farms waa natnraUy associated with the feceat advance in cotton had grain. Copper Favorite Copper shares were the tradine famrites fn time in today's stock market but toward the tiose interest returned toi steel mergers and M id eate steel, referred to in the gossip of the day as "a second Lackawanna Steel" rushed forward a extremely heavy and exciting trading. There cems no doubt that thia latest performance In teei stocks waa not altogether liked even in ' specuianve quarters, tor while Midvale Steel waa fiaTlng ita S-poini. Jump seJling waa very active , In many other directions and-the close waa rather , .ik. taneertain with many, even of the early leaden. i, w oa anarpry ikhb tneir nign points. OS - v sec '' wit 1 Whl White Salmon Croa Ontlook Good 1 "White Salmon. Wash.; May 17. The White Bahnon valley will produce approximately a 75 er cens crop or apptes tnis season. Spitaen fcerg trees are heavily loaded Arkansas Blacks S t and ether vane ties also fcut tha Newtowns will ' Sheavy harvest last year. rwers la expected. indicate a aood vield. be short, owing to the A bumper crop of Amalgamated Sugar Company lstMtff.7 . f- i t i -I" t 14. Bonds Tinted AprU 1, 1922 Iue Aprtl 1. 19J7 TeTK)rriirition! $1000. 500. $100 this Avrri net earnings of (Timpany lor 13 February. 19 a1 tiroes interest requn,-e menta on these bonds. years enninr Oi. amounted tj Price 100 yielding 7 Wire orders collct iJLPH Sotneeloch Ca USCB(S BUK.0ING NEW YORK BOND TRANSACTIONS - i Reported or" the Joumal's WaH Street Bureau ' ,:! . 't', , WaH Street, New Tork. Mas- 17., In terest In til bond narkt -orbleli waa r rlvao at tha oetset f tha week r the ateel vnerg;er aad wti aafrineBte-d fey ike rie In copper stexka. wh Bgrala the larrea.se today. Tare, other la fine area also hare bee at worh the eoatlaned low woaey rates aad the smaller toI n( of'aew head offerlnc rarentir after a pertod. ef heavy flotation for doatea Ue and.foretga aeeoaatv Tha tndastrtal groap led the list aad the oatstaadine; fea tares were the copper fertlUier, pah He atDlty aad cteet tuaes. Althengh the last aamed did set jnaiBtala the a p ward pa.ee which dtoftaralahed theat a few days a iro they kept atllvt aad firm. Libert a. bonds, the majority of torelaja Co vera meat Isaacs aad the standard railway rnortg;aes were fa more deaiaad at betfer prices. The greatest Kala among the coppers was )a Cerro De Pasco 8s. They advaaced over points to a aew hlg;h aad were points above their low for the year so far. Chile copper"7s also rose to a aew top and the Chile s weat an fraettoBally. Smelters ts bettered thefr prerloas figure for I82S. The demand for Virginia Carolina Chemical bonds caused farther ad vance la the 7s and the. first ts, which were at their highest for the year. Ther Improvement is a direct response to the projected loan of a boat flt.Oeo.sv, which, will be floated shortly by any banking;' syndicate. International Cement 8s also pot to a new high on reports of the com pany's Increased earning;. New York. Msy 17. The following is an official list of all bonds traded in on the New Tork stock exchange today with prices up to and including the close of the market. Total sales today were 18.20.000, against $17, 183.000 yesterday. $l.075.f00 a week ago, $8,360,000 a year ago and 26.84.0OO two year, ago. From January 1 to date tl.860, 722,000 against S1.104.9S8.000 a year ago. and 64,lOl.00 two years ago. LIBERTY BONDS (In $1000) High. Low. Liberty 3Vs. -32-'47.. 88.40 Lib. 3 Vis. reg. '32 '47 88.18 Lib. 1st 4s '32'47... 88.70 Lib. 1st 4s reg. '32-'4 7 89 80 Lib. 2nd 4s r27-"42... 88 60 Lib. 1st 4 Vis '32V47. 88 80 Lib. 2nd 4 Vis '27- 42. 88.64 Lib. 2nd 4H '27 -'42 88.44 lib. 8rd 4 Vis '28 88 94 Lib. Srd-iVia reg. '28 98.78 "Lib. 4th 4 Vis '33... 88.82 Liberty C 88.80 Lib. 4th 4i reg. '88 88. 76 Victory 4 til -22 '28 .. 100.78 Vie. 4a reg ,22'28. 100.54 Yio. 3 lis '22-'28 .. 14)0.02 FORilON BONDS Argentine Govt. Ts '27.. 1 1004 King, of Belgium 7 Vis '45ilOR do Ss rets. "41- 107 99.28 88.16 99.70 89. SO 88.B8 89.76 99.B2 98.40 99.86 99.76 99.86 99.90 88.72 100.64 100.48 100.92 H5r- Close. ""99.32 fin. in 98.70 I 99. 30 09.60 99.76 88.58 99.44 99.94 99.78 98.88 99.90 99.76 100.68 100.54 100.02 103 H 110 Vs 87 92 87 87 104 108H 104 72 94 Vi 110T4 111 92 101 98 100 96 86 104 Vi 102 90 Vi 894 77 110 kssvi Wfta 96 111 H 1014 103 103 H lonn T99 108 HO 102 Vi 117 102 103 108 108 102 105 4 674 62 57 45 MISCELIANEOL"8 102 103 92 '47 25 '81 '45 '25 72 '51 ''41 45 You Make a 'Prudent Choice when you decide .ori Ashjley & 1 Rilmelin, Bankers, as your depositary a banking insti tution that is strong, experi- enced and has the facilities for excel lent service. HOURS-8 A-M TO 530PM SATU R0AYSBAM TO 8 RM. da. 6s '25 Pity of Bergen 8s '4 5. . . . City of Bordeaux 6s '34 . . City of Copen'gen 5 s '44 City of Lyons 6s '34 .... City of Marseilles 6s '34 . . City of B, De Jan. 8s 46 do 8s 47 City of Sao P. 8s w. i '45 City of Tokio 5s '62.... Dept. of 8. 7s t. c. '42. . Danish Mun. 8a A 46 do 8s B '46 Domin. Rep. 5s '58 .... Dom. Canada 5s. 29.. Dominion of Canada 5s '8 1 do 5s '52 Dutch E Lnd rets 6s do rets 6s '62 French Govt 8s, '58 . . do 7 s, '41 Imp. Jspan 1st 4 s. aa 2d s. '25 . . . do sterling loan 4s. Kingdom of Denmark 8s do etfs 8s. '42. . . . Kgdm Italy JS s ser A Kgdm Nth rids rets 6a Kgdm of Norway 8s. '40 Kgdm of Sweden ea. '39 Republic of Chile 8s. '28 do 8s. '41.... do 8s certfs. "46 . . . Rep Czechoslovakia 8a Kep Crog-uay 8s, '46. State of Queensland 7s, do 6s, ctf s. 4 7 . . . . Swiss Government 8s. 8te Rio Grande de Sul 8s 46 Cuts of 8 so Paulo 8a. '86 TJ K of Gr. B. 4 I. 6 29 do 0s. 29 do 5s. '87 V. 8. of Braail 8s. '41 U. 3. ofeMexico 5s, '45 do large 5s. '54. . . . do 4s. '54 do irrig 4 s. 46 . . . RAILWAY AND Ajax Rub. 8s '45 Am, Agr. Chera. 7 s, '41 Am. Mmelt 1st Ss, 47 Am. Bug. A Kef. 6s, temp. cus. a I . . . Am. Tel. & Tel. cvt. 6s '2 do coi. tr. 5s, '46 . . do cvt. 4 s. '83 . . . do coi. 4s, 28 Am. Water Wks, 6s. '88 Am. Writ. IVper 38... Ar. at Co. rL eat. 4Hs. -39 A t ek B r gen 4s, '96 . . . do cvt. 4s, '60 ..... do E. O. 4s, '28 At. Coast L. 1st con. 4g B2 All. Fruit cvt. 7s '84. . . . Atlas Powder 7s "Si.. . . bait. A Ohio Gs 29 do ref. 6s '95 ...'.. do cv 4 s 'S3 ...... do gold 4s "48 do prior lien 3 s '25. do 4 T. C. dir. '59. . ; do 8s Swn Dir. '25.. Barnadall 8s ser A '87. Bell Tel. of Penn. 7s Beth. Steel 1st ext. 5s, do ref. 5s '42.. . do p. m. 5s '36 .. . do 6s '48 Praden Copper 6s '31 . B. Ed. (Jen. 7s ser. D. '30 Pk. Rapid Svansit 7k ,21 Bu.h Term. Bldg. 5s 60 Can. lien. EJec. 6s 1842 Can. Noilhern 7s 1840. do deb. 8 s 1946. . . Can. Pac. 4s perpetual. .. Cent. Foundry 6s 1831. Cent, of Oa. Ry. 1st 6s 45U01 do 6s 1929 .... ! 99 Cent. Leather gen. 3s 1926 Cent. Pacific gtd. 4s 1949 Cerro de Pasco cvt. 8a 3 1 . Chesapeake at O eon. 6a 39 do cvt. as 1946 C. v. rrt. 4 a 80 . Caic Alton 3s '50.. C B. a Q. ref. 5s '71 do joint 6 a '58 . . C. A . I. 5a-61 Chicago ac Erie 1st 5a '82 Chi. Great Western 4s '59 Chi. lnd.. es Lv. 6s '47. . C. M. A" 6t. P. cvt 5s. ser. B. 2014 do gen.: 4s '89 do cvt. .4 s 'SS L do rfg. : 4 s 2014 . do 4s '25 do deb. 4s '34 do 4s. Pug. Sound '49. . ?. A X. W. deb. 9a '88. . C 4c N W g n 4s, 87 Chicago Rys Co 3s. 27 . . . C R I A P gen 4s, 88 . . . do rfg 4s. 34 . CM Stm Om 6s. 100 (100 107 107 106 Il07 102il02 45 "26 100 114 98 101 84) 82 88 80 88 98 99 8i 46 107 89 86 81 81 83 67 81 106 107 08 85 93 99 99 107 85". I 89tr il01 112 1111 T 88 87 83 118 102 .81 83 46 87 103 82 82 61 103 74 85 70 64 T8 64 TS 100 86 83 83 2 ao;ie7 Chi Cnion Sra 6 a. 6 . .1113 Chile Cop cvt 7s. 23 104 Chile Cop cal .r . 32 . 91 V C C & Si L db 4 a. 31 88 do 8s. 29 80 Colorado lad 5s. 34 78 Colo So 1st 4s. 29 92 tdo rfg 4 s. 35 , . . . . 87 Ccmp.-Tab.-Reco'rd 6s. 41. 97 Coa, X ef Md. 5s '50. .. 88 Con. Gas. ert. 7a 23... 117 Cuba C. Sug. 7a evt ,'3 84 do. db. pvt. 8s ft. . '30 85 Cbn. Am. 8ug 8s "81 105 l"hn K. R 5 -"..... S Del. V Hud. 5a 99 1. A R. G. rfg. 5s 55. . . 48 D. Ed-m. rfg. Ca sr. B "40;192 do. rfg. 5a '40 95 Det t"n. By. 4 Ha 'Si..! 82 Dmnd. Mtrh db. 7s 'XV JOT Drmt. de Nnn. 7 s '31 . .1107 miq. ec P. ns -do. 7s "36. Kwtp. G. A F. 7a "37.. 98 trie In con T est "30.. .,104 - do gea uea 4S '&m do prior 4iem 4r ". . 1 . do -vt 4s ser D '53 . FVsk Rubber Co. 8a '41. .. Fra. In. Dev. deb 7a "42. l"iacco Sugar 7s '42. tiea. Ulec deb 6s '40.... do deb 8s "52 ; . . . i. . O. T. 4V R. Co. 8a . . . . do & 'Jt;......... f.ranby Mining 6s '28.. . . G. T.ofC t'49....;. -.do 6 '.,....:... Gt Northern Ts '(..-.. -eV 4 Via '61 . .-. - do a "52.... ..... Holi. las. ecu. '47.. t Uad. as AC ret a A '61. 110 110 87 87 92 92 86 86 86 87 103 103 102 103 104 104 71 71 94 94 110 110 110 111 92 92 100 100 98 98 100 100 95 95 96 96 104 104 101 101 90 vOH 89 88 76 76 110 110 98 98 96 98 95 96 111 111 101 101 102 102 104 105 105 105 98 09 108 108 110 110 102 102 117 117 102 102 103 103 108 108 108 108 102 102 105 105 67 67 (62 62 56 66 45 45 t"8 BONDS 102 102 102 102 92 92 100 too 114 114 97 97 101 101 90 90 79 80 88 88 89 89 88 88 90 99 99 99 88 8b 46 46 106 107 99 09 8 86 80 81 i 80 80 ' 83 88 67 67 80 90 103 108 107 107 98 98 95 85 93 93 99 99 98 99 107 107 85 85 89 89 101 101 111 111 111 111 78 79 87. 87 101 101 99 99 97 97 85 85 116 119 100 101 81 81 Vi 88 88 46 46 98 98 105 105 81 81 92 92 l 61 104 104 74 74 85 85 10 10 64 64 79 79 64 64 78 73 100 100 83 85 83 83 82 82 82 82 107 107 113 113 102 103 90 P0 88 89 80 80 78 78 92 .92 87 87 97) 97 87l 88 117 117 83 84 85 85; lo4 1-V 84 83 99 89 ( 48 48 102 102 i 95 95 81 82 :17 10TH HOT 1107 do adl inc. e 57 I 64 f 64 HL Cent. 8a '52......I 80 80 do 5s 4.. .El0i 101 do rfg, 4s "...., .1 81 86 do 4a '81..... I 9i 1 93 lad. Steel 5s '52 11 OS IlOO do etfk es '52 99! 99 Int. Met 4s 6 J If 14 ili. Co. etfs. '361 15 Vi 1 14 Int. R. T. ref. ft .... 72 i 71 Int. Agrtcul Ss '...... f 80 j 7 tenmt as 1111 ill 1 Int. Paper Ss B. 47 86 83 Int. iIer..Mar. a. f. 6a 4I 94 I 86 Invincible OU 8s '31 85 j 95 Kayaer reta. 7s '90 .. 105 jl04 a. -. e-v, o. M. 4s "36 82 1 83 K. O 8. 1st Ss 'SO . . 6$1 68 do Terminal 1st 4s'60. 82 3 swelly Spring. Tire 8a '81. 108.10 Leckawanna Steal 5a '23.. 100 IIOO do 6s '50 I 91 I 90 l y. of p. coa 4S '03.1 99) 90 oo ' I 85 do gen 4 It f 8iil 81 Liggett ds Myers 7 '44. ..114 114 do 5a '61 C....A 93I 85 Long bland gea 4s '38.. - 83) 83 a. . 5V.S OS 102 102 do. 8. R. M. Jnt. 4s '52 80 I 8U Man. Ry Cn. 4s tz. ex. '90 67) 67 Mkt St. Ry. eon. 5a '24.1.90 ( 89 Mrlnd. Oil 8s wrnta. '31.. 106llO Jlfl. I'ef. ss SO do. 7 s war. Mdvl. 8U. cvt. Ss '86... M. 4 8 U 1st rfg. 4s "49 do. rg. 6 '62. . UK.iT. lt 4s '90 . . . do. 4s sr. B '42 Ho. K. A Tex. 6s sr. A '42 do adj. 5s. ser A. '42 do St- L. etfs. 4s do 6a. ser. C. '42. . . Mo. Pac rfg. 5s, '23 . . . do Ss. "65 . . do 6, '49 . - do gen. 4s. "75 Mont. P. Co. 5s. sr. A '43 alont. Tram. eoL 5s, 4 1 Motris A Co. 4s. '89 Natl. En. A Stamp 6s, '29 Nat. Tube 5s, etfs ". New Or. A X. E. 4 s. '59 New ur. Term. 4s, '53 V T. Ct. A H.R.deb.6s.'36 T U aV H R col 7s. -SO do con 4s, 98 . . . do gen 3 a, 98 . do deb. 4s. 34 . . do 5s. 2013. . . . N Y X H A H 6s. 46 do deb 4a, 57 . . N Y Rys rf 4s. tr c etfs, 42 Telephone deb 6s, 49. do gen 4s. 39 do ref 6s. 4 1 . N Y W A Boston 4 "s. 46 Niag. Falls FT. os '32 . . . Xorf. A West. con. 4s '96 do evt. 6s 29. Nor. Ohio Tr. 6a Nor. Pac. 6s ser. B '47. . N. W. Bell TeL 7s "41. Or. Short Line gtd. 6s '46 O-VV. R. A X. 4s 61 . . Pac Gaa A Elec. 5s '42. Pac T. A T. 6s '87 do ctf. 5a Packard Motor 8s '81 . . . Paris. Lyons. Med. R. Rj 6s certfs. '58 Penn. R. R. 7s '30 do 6s '68 Penn. R. R. geld 6s do G. M. 4 s 1965 Peoples Gas A Coke Ch. 5s 1947 Philippine Ry. 4s 1937 103 99 St- 4T ! 80 08 88 S6 43 96 100 87 99 63. 96 88 87 96 09 88 78 102 107 , 83 77 88 95 81 80 40 105 94 103 57 99 87 108 87 105 106 101. 81 92 97 94 107 Phiia. Co. ref. 8 1954 Pierce Oil 8s 1831 P.'CC.ASt L. 5s Sr. A 70. Prod. A Ref. Ds war. 31. Rio G. A W. coL tr. 4 s 48 St. Joseph A Grand Island 1st 4s 1927 S. L. I. M. A 8. ref. 4s '29 do. R. A G. div. 4s '33 S.Li 8.F. pr. In. 4s A '60 do. gen. 6s sr. C '28 . . do. adj. 6s "55 do. inc. 6s '60 do. 6 s Sbd. A. U rfg. 4s 59 do. adj. 6a '49 do. C . ' do. . con. 6s '45 Shclr. Oil cvt 7s '26.. do: 7s rets. '37 do. crude oil 5s 'S3. Shrn. Stl. Hp. 8s '41... S. Pit. Ren. Sug. 7s 4 1 . . '49 8. P. cvt. 4s .'29 . . do. rfg. 4a '55 do. col. tr. 4s '49 . . . do. 8. F. Tim. 4s '60 S. Railway con. 5s reg. '94 do gen. 4s 56 . . do 6s '56 8. Oil of CaL deb. 7s S. A Tube Co. of A. 7a '51 Texas A Pac. 1st 5s 2000 Third Ave. adj. 6i '60 . . Tri City Ry. A VL 5s '23 Union Pacific 6s '28. do 1st 4s "47. . . . do cvt. 4s '27 Cnited Drug 8s '31 . . U. 8. Rubber 7 s. '80 do 5s. '47 V. 8. Steel s. f. '6s, '63 Vir-Caro Cbem 5s, '23 do 7 s, '32 Vir Iron Coal Coke 5s Western Electric 5s, '22 . . Western Pacific 5s, '46. . . do 6s. '48 Wastghouse Elec 7a, '31 . . Wkwir Spencer Steel 7s 85 Wilson A Co. 1st 6s '41.. do cvt. 6s 28 do 7s '81 STANDARD OIL r nglo Am. Oil Atlantic Lobos . Continental Oil . Eureka Pipe Line Galena Signal Oil I 57 Imperial Oil of Canada... 114 Indiena Pipe Line ...... 99 Int. Pet-. Co. Ltd. 21 Prairie Oil and Gas ..... 600 Prairie Pipe Line '228 South. Penn. Oil 217 Standard Oil Indiana. .... 1107 Standard Oil Ky.. new ...I 82 Standard OU -New York. . . 407 105 sr9 l 46 43 80 8 i. 83 54 43 : 96 , 100 87 :9 63 96 88 87 9 99 83 "T8 101 106 82 TT 83 93 80 80 40 105 94 I 104 56 99 87 107 T 105 I OS 101 81 I. 92 96 94 : 0T 82 107 99 109 88 91 ;55 97 101 103 109. S74'' 87 82 72 98 79 67 96 88 22 24 66 104 99 99 99 89 I 91 ' ! 87 : 82 : 95 e 1 98 10 IO0 96 60 10O . 10a : 91 1 f4 108 109 8i lOI 1 OO 104 ! 90 100 87 97 107 99 99 94 105 ISSCES 21 I 19 '- 10 f 10 145 144 lino- .1100 83 108 99 36 100 ,. 99 of . .i 91 . . j 66 98 101 103 109 T T 87' 82 T2 S 80 68 9ft 40 23 24 57 104 100 99 e 98 91 87 K2 82 i 95 66 9! "81 . 1106V4 lot 96 Vs 61 100 103 91 94 109 109 90 102 101 103 00 100 87 98 107 100 89 95 103 64 80 '. 101 86 93 ; ' lOO ' 90 15 13 71 78 113 . 86 84 85 104 ts 83 68 83 108 loo l 99 99 81 114 86 83 102 80 67 89 V 104 105 89 91 46 47 80 68 83 56 43 96 ioo i r 87 99 68 86 88 87t ' 96 ; 99 88 8 102 106 83 77 ,88 95 80 80 it 40 105 li. 94 W 104 86 99 87 107 97 105 106 101 "1 92 97 j 94 i'l 107 88 Vs 107 99 109 i 89 ill 56 98 101 103 i i 109 s i 67 -74 87 82 72 08 79 68 i 9& r 89 24 r 57 f 104 99 99 89 . 99 9t 4 87 82 S2'i 95 66 99 W 1 06 100 96 81; 100 103 81 94 108 109 89 102 i 1 00 104 00 100 87 97 107, 100 99 95' , 105 ! it 5(t 113 90 21 !oo 228 (217 104 81 405 BOSTOJT COPPER Bid. Ask. Ariz. Com. 9 1.0 Adventure 60 65 Ahmeek. . 63 64 Algomah. . 25 50 Allouex. . 26 39 Arcadian, 3 4 BalakaUa. .3 3 f'al.AAris. 60 61. CaJ.d.Hec.270 278 New Corn 18 18 Cop. Rge. 43 44 E. Butte.. 11 11 Prank Mng. 2 2 Hancock . . S 3 Helvetia. . 1 1 IsL Creek 114. 115 Keewaaaw 2 3 Kerr Lake 36 86 Mohawk . . 59 60 M. O. Col. 6 5 X. Butte.. 13 13 fXipissing. , O. I. op. OseolaMng. Obijawa. .;. Quin. Mng. Isle Royal. IS. IaJte . . SHARES Cooke Co ; 5 2.V ! : 36 : ; 3 46' . ' 25A4 I 46 Sup. Boston 1 JD1.B Aicn. si do pfd. 25 Trio. Cop.. 1 Tuolumne 70 Utah Metals 1 Utah Coa. . U. H. Mng. do pfd. Utah Apex Ventara. . . Victoria. . . Wolverine AUTO SALES ARE DOUBLED IN YEAR Flint. If ich.. Mar 17. Tk Dort Motor aoax- pany ia making J00 cars a day, or asore than doable' bat year'a rate of output. '' j . tDetroit. May IT.- Cadillac sales for the first four months of this year ware .two and a jbalf times thoee for a, similar period last rear. jTne Packard company, with i new fine of single six cars, plans to make more ears this year than ever eetore. . a . i ".- - i ' 1 ! 1 '. 1 CIGARS I Philadelpbia. May 17. The makers of cigars have noticed an increase in demand recently, but there are atill many evidences of , deprao- n as toe uwustry.! : ! m ! 'M:"! ' 1 !: !. MEATS M ! - St. Paul. May 17. Sowth St. Paul is So have new bsdeaxasdent nlant. The R- K Kata Packing , ootnpaay haa anaoanced plana for ' the constraetion ' of the Crst unit of ' the plant, with a killing capacity of .800 cattle a week. Other units will be added later. j i ' : ! 'i' LEATHER - Chicago. May l 1 7. The market for packer hides m stronger and more active and there ia a- good demaad . for country hides at strong pnoes. ; t 1 : : ''Is 1 i GLASS ' Pittsburg, May: 17. The growing popularity of closed automobiles ia making', an impression oa the glass business. Dealers declare closed cars have the eall and these demand more glass in .their construction than the open . car. . St. Paul. Msy 1,466.000 bushels W.HEAT 1 7. Minnesota of winter wheat will tins produce year, it u estimates. .About 12,443,000 bushels of rye are expected. . These figures are based on 'Con dition, when 65 per cent of the planting haa been completed. : for 2 48 43 3 30 1 13 : 50 lC5il05l05 104 52 63 SO 196 99 100 104 99 113 182 87 53 S3 1 99 180 106 ioa lie ies T1 113 111 104 1184 108 108 i I l 98 I 98 I 104V S3 3 6 104 88 100 104 1 11 . lies 87 112 104 10 1 98 XSOSvasiBiaftBl oiianwvirirB akiFr Bnardman, May 1 7. A scattering ot ripe strawberries ia showing, in the home gardens of Boardman. but it will be about two weeks before there will be any real pickings. Leo Boot and F. F. K.lits are sharing the 'honors for first ripe berries. t! IT 161 OVERSUBSCRIBED ! We offer unsold balance of our allotment of ; AMALGAMATED SUGAR CO. First (Closed) Mortgage Sinkina; Fund . J ! . ,r rated t?ni n onwno ii !; rue April 1. 1922 OUkU BUnUd April 1. 1T Trie Amalgamated, one ' of i the "aixc largrest' refixiery com- t paniee in the U. : &, haa a history of stronar ffrowth j and large earniaara. Securtna;:! the authorired - $4.00.Oa. , f i r a t TnortsTaeit bondai is roor than $10,000,500 of. property, tl'hone. Main 413S for early , reserva tions. - ij- PRICE fAKskTO Y1EIdi R MILLER C0JV1PAJSTY nLr'RlJ IWWNOKXHVrTSTllRN, . Mei BAMCBUXk PORllAKD L- NEW INCORPORATIONS Salem. Mar 1 7. Articles of incorporation the Simpson Auto company of Pendleton were filed with the state corporation department here Tuesday by J H. Bturgis, Robert Simpson and James A. Fee Jr. The company is eapitalied at 860.000. fi J : Other corporations filing articles were: Jl The Texas j Oil Land Development company, Portland;; $50,000; H. J. Sirard and seven others.' j: . , ii Twin City Laundry, Milton, Umatilla county; 32O.O0O;; J. E. Snively. E. W. Carpenter and James H. E. Scott. , SELLERS IFIBMLY MAITAIIv" PRICES DRTGOODS MARKET . fWTsl! Stlreet Bureau of The Journal.) ' New Tork. fiMay IT. Sellers were very firm their 'ideas in the drygoods market today. Prices were firmly maintained and many mills and agents were asking ' an eighth of a cent above even the recent advance for the standard print cloth i constructions. Sheetings main tained the advances and drills continued in good demand. Sateena were active and strong with large orders -in evidence. - Faiar orders were placed in. tire fabrics. ; The local raw silk market failed to reflect fully the activity and strength shown in Toko hama-( Broad silks were in better demand among the finished products. 1 in Monday . . Monday . . Tuesday . . Tuesday. . Wed. . . Wed. PACIFIC COASt BAJTK STATEMENT Portland Banks 1822 34,838,443 1,105,333 5,222.493 1.1 76.B73 4,927.424 1,V7 2,436 San Francisco Banks WedneIay Seattle Banks Wednesday Wednesday . . ; Oakland Bank Wednesday' . Los Angeles Banks Clearings, Wednesday 'j Teeoena . Banks Wednesday's transactions . . I :' Clearings, Balances. Clearings, Balances, Clearings, Balances, Clearings. Clearings.. Balances, Clearings, 1821 $5,167,038 1.105.335 4.4 5W.81 5 620T.297 4,8li,342 1,162,095 . 829,900,000 . $ 4.967.903 1.096.351 . $ 2,653,412 . $18,060,402 .$ -'.703.000 j St. Paul Business Increase Shown j St Paul. May 1 7. The increase in busineft in this section is being evidenced by the dt-tnand for new telephone i retaliations. The budget for the Trt-8Ut'e Telephone : A Telegraph company provides $1,170,000 for extensions snd improve ment. ' The establishment of a 250,000 , tele phone branch exchange will be financed in part by a $4OO,000 bond issue. -Ji To Reduce Ballders' Wares :'st- I-ouis. May 17. The Master Bunders' association is taking steps toward a reduction in the wages of plasterers, 1 plumbers, steam tit tern bricklayers and lathers, i Plasterers now receive SI. 37 an hour and members ot other butldins trades $1.25 an hour. ; j Heavy Strawberry! Crop forecasted j White Salmon. May 17 A. E. Miis, horti cnltaral inspector of Klickitat county, reports that! the strawberry acreage will be doubled this Jar. over a hundred acres of new plantings been set thia spring. The warm weather 'uraini we oemes along splendidlT and ciyp u anucipatea. . fine ; First Salmon Pack; j To Move Eastward ; Ajstorla. May 17. j Columbiaj Iver canned salmon of the 1922 pack will com mence moving by water this week, -when the motorship Kennecot will take; 7000 cases of salmon for the Atlantic coast. The) steamer Klnderijk also 'will take 3000 cases for Europe. She also will load a large amount of flour.'- ! i WALL STREET STOCK QUOTATIONS Reported by Overbeek. A Cooke Co.. board of Trade Bnildlna Wall Street Jooraal Financial Review) . Hew Terk, . May 17- -f. -Wail street isaddenly awaieaed ted ay j to a rearixs-Uoa that sarplas eopper toeks were rapidly dwladliag:. This idlseoTery was employed as a foaadattoa for aa eataastastt deraoastratioB la ta i ep per shara ka taa Hew Tork Jttaek ex-etaaafe- aad sew hig-a lereU were est a. Usbed la this g-reaa la a waTe ef bay taa; wkiea I lasted threafkoat; tke m: stea. : . : , j; ..!f J . 1 Streastk la tke eopper . gro99 spread tkrearh tke wkole list m tke : sesskva prosrressed. SpecalaUTe leaders ssrk as Baldwta, Mexlesus Petroieara aaa Htsae baker reaeked tke kickest; levels seea os. tke recovery froas the recent break. : Oiriig the last kear aa extraordinary ontbarst pf baying; la Mid Tale oa reports the sl:-otnpany aserg-er was to be dropped : aad Mid rale taken ! lata tbe Betklekesa eoasolldatJoa, showed j what a ; aowerfai : rrasv a tke arpecnlaUve Inaaa-inatioa i has been taken by reeeat derelotaieBts la tke steel ladastry. -: Safes. J l STOCKS 1 High. I jow. Bid. . . . . . Adams Express . . 1400 Advance Ram ..... 1 do f pfd. 990 Asr. Ctera. 200 Tdo T pfd 600 Ajax '. Rubber . . . . . 1800 Alaska Gold . . 11200 Alaska Juneau 4300 AlUed Chem. 500 All is-Chalmers . ... . ..... i de 1 pfd. ...... 508 Am.L Beet Sugar. . . 8800 Am. Bosch . . . 3700 Am. Can Co. 800 i do i pfd. ...... 300 Am. ajr A. Fdy. . . ..... j do pfd 6200 Am. Cot. Oil BOO i do ! pfd. ...... 3706 Am. Jrug Synd. . . . 208 Am. Bide A Leath 700 i do Pfd 1200 Am. Ice 990,0 Am. Intl. Corp. .700 Am. Linseed 400 i do I pfd. 1300 Am. Loco 200 i do j pfd.. . 700 Am. Saf. Razor. . . . 2000Am- Ship A Com-. . I .oouv Am. smelter 1 00 i do pfd. . . . 1300 Am. Steel Fdy. 2300 Am. Sugar . . . . i do pfd 7900 Am. Sumatra . 1900 Am. Tel. A Tel. 1700 Am. Tobacco 1400 do "B" . . . 2900 km. Wool . . . :! do pfd 100 1 do P pfd. 1 1 00 Am. Zinc .... 25700) Anaconda .... 500 Assd Oil . . . . . 2400 Atchison 1200 t. do p,d 400 Atlantic Coast Line 2400jAtl. Unit A W. I. 15400Baldwin Loco . .... .j; do pfd 5o00SBalto. A Ohio . 200iC do pfd. 6800 BarnsdeU Corpn. Beth. SUel . . "B" T C A Z. . A Sup . . Bros. . . Oil Packing Pet. . . . Pfd 1S54T M' 88', 85 IT ' S 84 49 18001' do 3100'B. R. 4 00 Butte 3900 Butte 5 00 j Burns lOOjCaddo d00Calif. 4300t'aUf. .1001 do I200!Canadian Pac 320O!Cen. Leather 7500iCerro de Pasco . . 6 7001 Chandler Motor 800 Chgo. A N. W. eoOIChfoago Gt. West 5001; . do pfd 28000iChile Copper . . . 101 DO t'tuno 1000 C if. A St. P. . 3000 ( do pfd. ..... 7700 Coca Cola - 600 C. AO 2500 Colo. F. A .... 300 Colo. Southern . . 2100 Col. Gas A Elec 1400 Columbia Graph. 2600 Con. Gas 300 Cons. Cigars ... . w . . do pfd. ..... ..... Contl. Can .... ..... iCities Svc. ' Bankersl 7100 Corn Prod. . . . v. i do pfd 5800 Cosden Oil 8600kj. R. I. A P. . . . 200 : do "A" pfd. . . . IOO; do "B'' pfd 500 Crucible : do pfd 1100 Cuba Cane 1600 do pfd 500 Cuban Amn. Sugar SloelDome Mines .... l00(Del. & Lack 41VI 45. 48 H 106 160 28 H oo 6 15 70 s. 108 hk 47 34 : 54 114 118 7 ' -7 64 97 38 v. 75 hk ' 86 is' 123 141 V 138 93 33' 19 35 126 99 91. 102 X 37 117Ti 47 " 60 H 48 V 78" 25 74 31 Vs 133 Vi 12 78 57 96 140 B9 39 75 75 8 21 21 Vj 3t 5 26 43 59 65 35H 48 88 ftl8 L' 509 oe 280 K09 : 400 6000 1500 8500 1200 200 300 1200 41200 400 4300 1000 14800 2100 2400 1900 3000 '2700 8500 700 3500 300 500 8100 7500; 1O0O 4400 .250O. 4000 :Davtson C:ier. ...i Endicott Johnson . I Erie i do 1 st pfd . . . Elec. Stor- Bty . . . Famous Players . . . Fed. Ming. A Smlt do pfd. Fisk Tire Gaston Wms Gen. Cigars ...... Gen. Elec . A . . . . Gen. Motor do 6 Gen. AephaH . , . . . Goodrich (Goodyear Granby tit. Nor Ore Gt. Nor. pfd Greene Cananea . . . Gulf is. Steel. Glen iAlden Houston Oil Hupp Motcr nis. Cent Inspiration Int. Agr. Chem . . . do pfd Interboro do pfd Interstate Callahan Int. Harv do pfd. Int, Merc. Ms rine . . do Pfd 65 102 . 48 44 95 81 73 in' ' 34 22 2S 118 37 84 13 22 43 82 16 53 18 73 165 13, B o iFi Oai TJ 62 40 "so 41 75 33 85 " 79 21 103 42 10 41 2 4 V4 8 104 24 " 83 i 88 63 6 i s ; i 8 48 41 j4 47 14 1B0 T 5 15Vs 59 107 44 B3 B4 1.14 116 6 TT 7 871 : ss 84 121 188 186 60 83 '59 , 64 i 12S 9 00 lfl 36 I 116 6 i i0 l 6 &6 i4 i 7 31 i 133 I ?78 f6 , 96 ' 139 gs 38 H A H i4 ? 8 i 20 20 SO ; 23 41 37 85 34 i 48 87 r 4 1-17 'jS4 1J00 i. . .1. 4 2 42 5 81 r 12 lis 34 21 SJ7 lilt I ;57 5 583 ;13 H 1 !42 ; '80 15 52 il7 ! '73 1;68 '12 !82 i 60 40 29 540 f74 :32 j f 1,1 78 20 108 141 10 141 i ! 2 J 4 ' 8 ht 64 ; 17 47 38 65 16 -' 1 67 48 97 41 45 47 105 159 119 : 27 08 5 15 69 107 46 83 54 114 115 7 64 97 37 75 103 35 122 140 137 91 106 33 , 19 54 125 99 91 102 36 117 110 46 60 47 112 77 24 7 31 134 12 78 56 96 140 38 38 74 74 8 20 2 1 i 30 25 42 68 65 34 48 87 4 117 29 60 ' 65 . 24 101 115 42 44 95 81 72 93 15 34 22 28 : 118 . 57 83 13 21 42 81 15 52 17 73 165 12 82 . 61 40 12 30 41 74 31 83 52 78 20 103 42 10 41 2 4 8 198 1103 V 4.'. . .jl00 22 i 23 : 1 U i "'- Sales. STOCK : ktlgjBuf Lew. 5690 X3H) Int. Nickel i. . . lax.: Paper 41. . . do pfd. 52eOtlaviacible Oil . .. 12800 laland Oil -10O Jewel Tea l . . . . . 130, K. C. 8 on therm v.. f.i do pfd. 2o'KeUy-&vnd. . . ... 44e0iKennecoU ...... ZOOOIKeystaeas Tire . . . 121o:Laca. BteeJ ..... lOvOtLe Tire 2200 LehiiEh Taller - . SSeOLorillard i; . . oOOiLoew Tnearraa . . . . . . ".. L. A. N. ' . ..L Marks jr ,....... 9tr0iMarland Oil 4800, Martin A Perry . . R DO I May Stores'.... S820O:Mex. Pet. ! 8780Miami 13X001MK1 Sta. Oil 14 7 800 1 Midvale Steel ... 2400;M K. A T. Wi. . 800 do. pfd. Wi. , . TOO'Mont. Power . . . 143O0,Mont. Ward . . 6OO1M0. Pae. ., 8001 do. pfd. . . 4 .M. S, P. A S. S. 1 2800 1 Not. Ami.. 200 1 Nat, Biscuit 11 00 1 Nat. Enamel v.-.- 500Net- Lead t S3l)0 Nev. Con. ,j 16100iNew Haven Norfolk A West. . . JJor. Pacific Nova Scotia Steel. . N. T. Air Brake. . , N. T. Central Okla. Prod. ref. . . Ontario Silver . . , Ontario A West. . . SOOiOtis Steel i . , Pacific Dev. : . . . . Pac. Gas A plec. . Punta AHegre Pacific OU Pan-Amn. Pet . . . do "B" k Pennsylvania . . . Peoples Gss: Pete Marquette . . . Pure Oil . Phillips Pee. Pierce-Arrow . Pierce Oil L Pitts. Coal I ....... Pitts. A Wst Vs. . 1 do pfd. 1 Pr. Steel Car.v ... . Pullman . i ..... . Ray Cons. L Reading - 4. Remington I1 . . . . . Replogle Steel .... Rep. L A S.. . . . : . do pfd. I ..... . Rep. Motor ' Royal Dutch Oil . . . Ry. Steel Springs.. Saxon Motors .... Sears-Roebm k . . . . jOOiShattuck. Aria. ... Shell T. A T. Sinclair Stand. Oil lnd Htand Oil N. J. . . 22jOOSloss Shef ! - 6 OO0 (Son. Pacifrc S4iOOjSoa. Ry. . j 1 ai0 Standard Oil Cal. . . OLSt- U A S. F OOlSteomberg Carb. x . 78200 Studebaker . .1 . . Swift A Co. 1?000 Tens. Cop. A Cbem 88(00 Texas Oil 1600 Taxas Paa. 5300 Texas Pac C. A O 7SO0 Tob. Products ... . 1800 Tran. ConUi Oil . f- JOO Union Oil Dei. . . SClOO Union Pac. i 400 United Alloy .... 6300 United Drug .... iVOO United Fcod Prod. 1400 United Fruit .... Union' B. A P. ... . laOOfU. S. C. 1. Pipe . 1 900 Unit. Retail Stores 13300 1 U. S. Ind. Alocohol 100 U. 8, Rubber .... 100 do 1st pfd. . . . 6300 U. S. Smelting . . 29U00 U. S. Steel do pfd. 17UO0!Cth Copper 300 va. Chem. flOO do pfd. 00 Vanadium Steel 1100Vvaodou 1:00 1 Wabash . ooiWabasli A pfd.. . . . .. j do pfd. t . .i. Wells Fargo I (0Western Pac ' 00 do pfd. , : Oflj Western Vnion . Westing house A. B. . 81 00) do E. A M . . . I West Md. SOOjWhite Motors 1 (joolWillys-Overlsnd ... do pfd. i OOlWilson I'acking ... itconsm entrai. . . . IWoolucrtli .; . iWorthington Pump. UOIW. A I- IX OOiWhite Oil wit total sales for tbe day were:il.6i bond sales of 51 7,541 ,t"J. thrj ""1 but! . -30 30 116 129 29 14 89 IT 89 73 21 22 65 FOREIGN EICHAHGE KATES ! Corrected daBy by the; foreign exchange de partment of the United 'Statea National bank. Quota tkma below (except the pound sterling) are quoted: on tna basis of 100 umU foreign vjavrretjeyi 'fl : r"-.:--.,. ! j ". ; .? r--1 7i Opening ; nominal Lcndon I f . Lbs. pterhng. . 9 ra ria Franca . Bt rlin -Marks. - enoa , 1 Arm. 4. Atheas i m Drachmas... Copenhagea Kroner. 4 , . Chnariaoia . Kroner... Stockholm-, Kroner, jv, ttrreneir., Japan V en. . Shanghai Tae Is 80.75 rates : on Draft . Cheeks ' i 4.44 j .lO - .84 : .24 V 4.1S i1 21.87 18.49 25.49 58.90 47.33 bank tianaaetions: Cable , Par Transfers Value 4.44 A 4.866 9.11 fi ; 19.30 i 28. i: 19.30 . I'l K cha 1 -set ; 4.44 3.-16: aaarks.4 .OU Tor!- Exehaaaa Market ' lora. Slay it P.--rereieTa ex- i .opened easier. Demand: aterting. f 16: franca. .0910: Mr. uln ! 0034: Denish kronen.' !.2ls-i :i 1 Demand atetilng cloeed at 34.44 : franej. i .091 1 W : Hm .m U, r mark. 00.7,1 rrIueJ - - . ,: . . v v . : : a s ! i Tf ortk j Dakota Flaaaees Better Ksmarck. N iX. May 17. The finances at tMa stabs , continue to show improvement. The1 state general fund la now IS per , ceat sargee ' than at this time last year and the taa payment' rata tat close to that of normal years. 1 , t . 1 Overbeck&CookeCo. !'! I" ' ij " ;--':i -r--- Stocks, Bonds, Cotton, Grain, Etc. S1S-317 BoArd of Trad Baildinr DIRECT i PRIVATE WIRES To j Now York and j Chicago ''Mtsabera Ckleago Boar, of Trad correspondent! or r uE 1 LOGAN & BRYAN i i 84 4k a ua r 4.17 1.33 18.54 25 54 69.15 4T.30 8 1.05 CanadSah dollar discount 1 per 19.30 2.70 j 26,70. 28.70; Il4ill2 2vi 58 121 12 47 32 29 69 16 21 138 .1- 67 33 74 51 18 10 I 31 34 63 51 63 104 41 98 '68 ' .' 83 73 48 12 10l 30 I 62 8 17' 46 i46 Si ..!..... : so fe ll 1 ' 1 1 1 1 1:1 10 j 10 ,800 shares -4- uhntvir MA VI'FArTXRE RS FEEL ADVASCE U;VAttttAS ir.w (Boston Bureau of Thij Journal. ) Boston. May 17- ooien jBaon.K,.,... eecUon feel that the advance m prices 01 iwool have been excesiveisml unwarranted prices still are tirral? f"inf '"ir. T.h,! Utnwesvtrn-. j, 8,n Aneelo. Tsxaii, approach. a for 42c pound and. hinch 45c. The market for tops here Ss dalsines also are cents s pound the Some growers have received some are holding frery strong. Ohio sttracting gttention with 50 general basis for negotiation. Will Wot paa StrAwberrles iTnutesano. Waah.1 May 17 The local plant the Montesano Packing Mmpany win not operate again until Septemher. when it win 4en for tne Diacsnerry crop, accoruing ro v. :t Miwsaw, manager. I The strawberry crop this year will be no more than enough for' the fresh berry trade. ' h --H --- i JL We own and recommend for investment carefully selected bonds: - ' ! ! i . Baker -County, Oregon, Road 5s J . i Lake Couiiti Oregon, Road 5s . j . . . . . Malheur Coimty, Oregon, 5 l2s . j : . . ... . Wallowa County, Oregon, Road $V2s. . . Union County, Oregon, Road 5 Vis . Multnomah (Drainage District No. 1 5Y2s INCOME ABOVE EXEMrT FROM FEDERAL LNCOMEi TAX Pacific Gas & Electric 6s , . San Joaquin Light &, Power 6s. Pacific Power & Light Co. 5s. . . ; Central Coal & Coke 6s. I . Kingdom of Denmark 6s . . i . 1 .. . . . it . , " t . s I i Complete details furnished on recraesL Telephone or telegraph orders at our expense. BOND DEPARTMENT OPEN 8 JO TO 5:OOr-SATURDAYS j i the following Yield .1.4.75 .4.85 . .4.80 ..4.80 , .4.80 . .5.50 . .5.75 . . 5.80 . .6.00 . .6.00 . .6.10 8:30 TO 2:00 imm& tilton f i : r - Oldest in the Norlhwbt ' "WASHINGTON ( ji at THIRD I bniTiriTOTrv sasaaS 1 1 1 IMSal 15 Year at 100, Gold Bonds to The Sug Yield U v Amalgamated ar Company mm One of the six largest beet susrari producine and refinin2 companies in the United States, 'j ; J i ; Last year the; United States produced less than 25 of th sugar consumed in this country. Consumption is increat ing faster than production. : ;' f I ij ! :j j INVEST NOW in a basic, essentia and developing industry. ' : - ! ; ' '. ! " Full details on request. Wire orders "collect." Freeman, Smith & Camp Co. XtiMSKRMKNS BUD POMTLANO TARK ! Sl f 170 scarcity of good bonds offering high yields is ! such that we have only limited amounts available as regards several issues on this list Id Income Tax Exempt Madison County, i , ua ....... i Payette, Idaho, Higrhway No. 2, 6a... .. Union County, Oregon, PrineVille, Oregon, 6S. Tillamook, Oregcm, 6s. School "District Ser. District . . Opt. "32; 5s. .. : 1926-41 S due '42 1928-30 .1932i .1927 CANADIANS Prav.1 British Columbia, 6s. Dominion Canada, 5s i 4 . . . . . Prov. New Brunswick), 5 1 2 s . Pro v.1 Ontario, , 5s.j. . Vity New Westminster, 6s . . .1925 .1952; .1939 .1952 .1952 5(K'f 525: to 4180 &.75 ' 6.50 : 5 '6 Burton Ranches 1st Mortg., 7 M s . , Dutch East Indies, 0s Remington Arras 1st iMortg., 6s. ., Crpwn 7 Willamette Paper Preferred Stocjk . . Co. Phone cumulatfve .... !i: ,.1937 ,.1962 .1937 .00 "51.15 5.02 &.80 70 (S.48 6L55 ,00 or write describing any for of bulletins fully' Miese j issues. Broadway and Oak Wej own and of fer 8200,000 - The Roman I Catholic Archbishop 1 r of Vancouver, .B-icl, Canada . ' ! I l' Dated JUNE 1. 1922 FIRST MORTGAGE 6 GOLD BONDS American payment I , Due i 1923 to ,1932 ! Serially i Redeemable after three years at 102 and interest. : Coupon bonds, i De- ' t !' nominations $1000-, $500. Principal , 1 and semi-annual interest payable at iBank of Montreal, 1 in : Spokane, ' j" r Chicago or Netf York. t. .hi; Borrower covenants to pay U. S. normal income 1 ' It 'r'iii:: - tix np to 4, if-njf";, Uv if! t,' THESE BONDS are the obligation lof the Most Rev. Timothv Casey, D. D., Archbishop of Vancouver,' B. C, whose Archdiocese includes the City of Vancou ver and a large pact of British Columbia." The property owned by the Archdiocese is valued at $1,000,000, and includes property i in the busi ness center of the, city ; of : Vancouver woisth $400,000 to $500,000. '..'. We. reconiinend these1 bonds The security is unusual and the J moral and; financial strength of the borrower is unexcelled. , I " PRICE: PAR JIND1 INTEREST ' ! , 1 (Payable in American Funds) J Reservations should be made promptly. it Ferris & i Hardgrove INVESTMENT BONDS Spokane, Washington Iff ; : . Seattle, Washiarton ! . S1 82 I 81 83) 93 83,