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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (June 8, 1922)
1G TIIE OREGON DAILY - JOURNAL, PORTLAND, - OREGON. THURSDAY, JUNE 8, 1922. UBERTY BONDS GO ABOVE PARiDXJRIN&THURSDAY WITH LOWERINGGAIN OF MONEY RATES MONEY RATES, EXCHANGE LOWER By Shiart . Wee "'Wn Stmt, New Xork. iaae 8. Stfll fnr rher redaction in the money rate, a general decline in tbe foreign exchanges with- psrticolar j , x weakness la Freneh tSN "1 franc, am5 1H,te - 1 NEW YORK BOND TRANSACTIONS ' ' Baportei by The Joernars wall Street Baresa 5 1 V ? :?: ''v. ' ' Si- f 1 H markabie rise isrke the three incidents t baring upon the tt- A naneUl BtMtion - to day. The call money renewal rot down to S , whk-h was the lowest of tile year so far and the lowest in fact in over fonr yea-ra. Along ,. with thi. time loan quo tatiotu were shaded aad money for the ahorter period- w met more negotiated at 4 per cent. . The return of the money market to' tba mini- figures of the 'season hail tta effect upon the security market, v Liberty Bond Weber ' Ijbertr bonds Dnabed forward 'to - higher prices again, with the firsts third and fourth 4 is all above par. Tba Wall Street pools and sneeulstiTe syndicates, encoaraged by the X abundance and cheapness of, credit.' reanmed . operations with rather mora confidence' than . tier -hare abown on preceding" daya. The drop in French exchange carrying- rates : tn their recent low pohv.i, quite evidently was an expression of banking acumen regarding -the latest development in German1 reparation! .. and tlie proposed international loan. It seems ' increasingly likely that the banker conferees : at "an would adjourn without any action, - tine thanks to the obstinacy of France and her rcfneal to yield an iota for the sake of the -rest of the world. Sterling came down with . the continental exchange, but in its case the decline was the result of speculative realizing - sales, which quite well might' have come about without any outside news. . . - Sugar Laval Mtah :' The rue in the sugar market brought prices - to new high levels for the year the refined te 99 a hundred pounds, the raw sugar to (3 a ' hundred pounds: This,, is an interesting answer to the campaign waged by certain prom i inent representatives of the sugar trade in an ' endeavor to make the public believe that no - .improvement need be expected under the pres ent relation of demand and aupply. It is now - pas -doubting that tbe turn in the sugar in diistry which set in' four months ago was a - real and lasting change, based logically-upon the working off of the-enormous unsold port ,. oen of the 1921 crop. . , . Sugar Stocks Lead It was the sugar stocks which broke the '. monotony of a very dull forenoon on the stock t exchange.' Their advance waa followed after .. midday by a renewal of buying in Studebaker - and in Some of the oils. The Studebaker ad vance seemed to be a special movement found rd upon expectation of either an increased dividend Or an extra distribution at the next meeting. Consequently it did not have much effect on the rest of the motor group. - - Small Number Interest , Again It was a market in which interest was centered upon a small number of stocks. Trading in the general list waa the quietest of ; ,any day in a month or more. t Mali street had the smallest business today ; H has had for several weeks. Transactions were well under 'the 1 .000.00 v-sbar level, but - it waa a stronger market than on the other days of the week, with more net gains at the close. .- The final dealings were quiet, but prices Wound up firm. - , government Crop Report - The- government crop report, issued some : time after the close of business, made clear - the main reason for the recent decline in the r whest market. Instead of the shortage to wheat the ' grain trade were looking forward to up to month ago, the 1 822 winter wheat harvest promises to be well up to the average. The condition of 81.9 compared with 83.5 last month, and with a ten-year average of 81.4- Spring wheat's condition is somewhat low . against 3.4 last year and a ten- year average of 92.8. But the total indicated . yield of 83S.00O.000 bushels is 60.000,000 ' bushels- more than waa; actually harvested last autumn and ia above the normal. WaO Strcst, 5w Tork, J mm g Tk laflacaes ( tas fartker Jowarlna; ef eaJl twoacr ratti teaar rwe f a factor la the koaa market taaa Bula-ht har kca oxpected, aad It was air la the ITnited States roTraBeat rreas agaja taa air distinct times ca!d fee attrthated ta It. Wberty hoadg were an aractleaJlr akara ar aad oae or two of tkeat said at tketr hick mark . far " the year. Tka aoaacemeat ef the treasury efterlar ( certlflcatei - af : ladektedaeac waa senewhat ef a anrprlse te the flaaa clal ftaanlty, botkr beeaaae of tka amaaat ef tka aw karrowlag-s aaa tka rate of faterest. Tkls issaa -Is for tiM.et aaa. tke aotet beariag; S4 per reat rate, tka aame as for the last arerloas loaas, will raa aae year. There Is to be also aa af fertar at aa laaeter mtaate aatoaat af traasarr aates at tarlat; la IH years" la cxekaag-a for 44 Tlctory aotes oaly. Tkase aates kear 4 per ceat Interest aad caarer eloa mast be made before Jaae 15. Wall street had looked for a 44 per ceat rate of tka aext aoyerameat bor rowlea;. From tka eatset today tkere was preaeaaeed weakaess la tke Sexteaa foverameat seearitlas. Tke Mexican 4s dropped a early foar poiats, tka t per reals akoat fire polats,asd tka larae 6s were akoat three poiats lower. Trading; la these koads was aaasaally active aad darlae; tka day tkey re calaed soate of tka, loss aad then moved aaereaiy. Tke sharp decline la tkese seeaiitfes was dae to a lack ol confidence la some qaarters af tke out come of tke preseat conferences ever aa adjastmeat of Mexico's financial abilgratloas to tkls eeaatry. reach roverameBt "SVt were reactionary la sympathy wltk tka lower notation foi Freack fraaes, aad raited Klaadoai iH were Inclined to tar as' sterllaf also softened. NEW YORK BONDS Xew Tork. June 8. Following ia an offi cial list of all bonds traded' in on the New Tork stock exchange today, with E rices ani sales up to and including the close of the market. Total sales today were SI 4,097. 000. against S14.979.000 yesterday, S20.100.00O a week ago, S18.687.000 a year ago, and $14,812,000 two years ago. ' From January V to date, $2,128,794,000. against' 1 1 ,Z 11.050.000 a year ago and Si .748:639,000 two years ago LIBERTY BONDS Sales , I in I High. I Low. Close. $1000 I 771 Lib 3V, ... . 100.10 100.02 100.04 83 V Lib SHa rag. 99.98 99.96 99.96 -2 Lib 1st 4s rec 89.86 99.86 89.86 19 Lib 2d 4a... 99.84 99.80 99.94 11 Lib 2d 4s reg 99.48 99.48 99.48 172 Lib 1st 4Hs. 100.08 1 00.00 100.00 041 Lib 2d 4Hs. 100.00 99.94 99.98 37 Lib2d4Tg 99.94 99.94 99.94 1423 Lib 3d 4 is. 100.08 100.00 100.02 106 Lib Sd 4 'isrjt 100.04 99.82 100.04 1918 Lib 4th 4 4a100.06 89.98 100.00 72' Lib 4th 4 Ja rgl 99.901 99.86 99.90 614 Vie 4is ... 100.76100.62 100.72 80 Vic 44s reg. 1100. 6O100. 6 100.66 FOREIGN BONDS 73 17 30 - 7 12 Tel 1 K Ttlbntevideo Gold Bonds Dated June 1, 1922 .Dae June 1, 19S2 Non-callable for 15 years. Montevideo is the capital of the Republic of Uruguay. It -is one of the principal shipping and commercial cities of South America, statistics indicating that in amount of shipping tonnage entered and cleared, Monte video exceeds any United States port except New. York. " These bonds are a general obligation of the city and in addition, are secured by specific lien on sanitation, lighting and paving - taxes. Price i 97 and interest yielding about s Clark, Kendall 295 STARK ST.! PortlandiOr, ti. r " , c Argentine Govt. Belgium 7Hs. . . I do 8s rets. . do 6s .... . Chinese Ry. 6s. Berne 8s ...... ft Bordeaux 6s . . . 6 Copenhagen 5 H 1 tchnstaania, Ss. . . 17 (Lyons 6s l;Marseilles 6s I 3 1 Porto Allegre 8s. 86 Rio de Jan. 8s. . 26 1 do 8s ctfa. . . SjCSao Paulo 8a w.i 2!8oissans 8s .... . liZarich 8s 27lSeine 7s to. ctfs. 4 1 Danish, afun. 8a A 1 do II B . , 2!Dmncn , Ben 5s 7(D of Can 6 Ha nta 18 do 6s 43 do 6s 3 do 6s Dch E I rets 6s 63) do rets 6s . :SH jFrtmch govt 8s 64 do 7 Hi . . . 180Imp Jap 1st 4 Hsl 2H do 2d 4 Ha . 44 1 do ster In 4s -10Denmark 8s . 43! do ctfs 6s . 14 5Nethertands rcta 6a 10 Norway 8a . 12Sweden 6s . 4 Chile 8s . . . 1S do 8s . . . 5 do 8s ctfs 1 iCube 5s . . 618 Rep. Bolivia 8s wi t6 Czeehoelov 8s ctf 8 Uruguay 8s . . 1 4 'Queensland 7s. S do 7 -6s ctfa 15! Swiss Gov. 8s 994 108 107 102 63 Vt 111H 80 91 110 80 86 101 101 108 102 84 112 93 110 111 90 100 99 100 9n 94 94 103 101 91 90 77 110 98 98 I 97 111 1110 102 101 102 (102 ioa io4 103 1104 177 20 44 43 " 20 114 5 19 i 25 10 40 20 29 OB a 3 2d I 19 7 Rio G. de Sal S Sae Paulo 8s . . . V. K. of G. B. ' I. 6sll0 1-18106 100 110 107 102 54 111 66 92 110 86 86 101 102 108 102 84 112 93 111 111 90 100 99 t lug 98 04 94 103 101 91 90 77 110 08 ( 92 101 97 106 110 101 115 . iar 103 92 101 - 7 106 109 101 117 102 , 103 do 6 Ha do 8 a- . . C.8. Braiil 8s. U.S. Mex. 6s. . do 5s . . .'. . do 4 " do Irr. 4 Ha Aiax Rub. 8s. Am Agr Cm 7H do 1st evt os. Am Cot Oil Ss . . Am Smelt 1st Ss Am Sug Rig 8s Am T & T cvt 6s do col tr 5s . . do col 4s ... . Am Wr Paper 6a I Ann Arbor 4a. . Anton Jurgea . G U ev 8s Arm. Co 4 Hsl A T at 8 F gen 4 do adi 4a. . . Atl A Chart Air Line 6s B. . ACL 1st con 4s A C L L N ctl tr 4s SjAtt Fruit cvt 7s. IS Baldwin Toco as. "3 4 13 5 12 26 - 1 MlfV I Gatalo r::rrzistxia.!aiiaiBmraii8iana.isi E p SSI ookletsl asters Quality ; Service ; FaW.Bjaltesiand Gompany, Printers Hrst and Oak. Bdy.7165. 51165 9 1 i m u zxssssimsmm&xtsssskmusMmii IBk. w ." aw M B. at O. 6e . do ref. 6s do evt. 4s.. do cold 4a . . do 4a PLF.AW do 4a Toi.ACin. de 3 Ha. 8 wn. Bell T. of Pa, 7 8! 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T a XL 1W 109 102 104 67 55 47 53 102 103 92 90 92 100 115 97 91 81 88 0 80 89 82 87 89 80 42 109 99 86 81 sa 78 6714 90 107 99 98 98 107 8a 60 79 86 113 112 78 92 98 7 86 8fH 120 93 87 CO 49 103 88 8 . ci : 84 : 9 CS 73 79 109 82. 83 81 113 i 78" 106 CI 98 T 1 87 120. 11 29 t a 84r5, ivm lies 84 84 6 S 96 S 9i 88 48 HI 48 H 102JI2 82U1 83 107 107 aa ' I 4.v .tiwi w - 1 1 a 1106 106 il6 r. 91 63Em, GAFcv. 7Hs' lOiavne an. hen 4s 34 .do prior hn .4ai 17( do cvt. as grBi 11- do evt, 4 ar-D) 4f do Gen. Kit. 6! ' 2Ffak Bob. 8a.. .. - j uaa. ana. iictj 1 neo. i ft e .... 12,Ft.W.Dea City i let Os ...... 6 Gen Elec deb 6a. . 26 Gdyr TAR 8s '41 18 do 8s '31 .. lOtOranby hfin 8a 20 1 98 H &4 i 64 60 63 91 106 98 103 ;100 11C 102 10O Hr Trk of Can. Tall 18 (do Ca ..... .1IOSH Itit MOT 7a .. . . ..ilOVH do ref ........1109 do 4 a .. . ...1109 111 do SHs 87 C B aV W deb B. lSiUoll Am Line Cs. 22iUAaI rf 6s ser A 43 "do adj inc 23im Cent SHa 226iln 11 Ctfs Ss 4 si 204 do4aTCetfs 188rint R T ref 6a.. 2811nt R T Cs 15ilnt CVS 7s '32 , . . . II G N edj6s'52wi 2ilnt ac G N ?s. 6 Int Paper 6a A. 16 do 5s - B ... 18 Int M M a f 6s. . . . . I Iowa ' Cent rfg 4sl 5iK C S 5s 81 do 1st Ss. . -6iK C Term 1st 4s Kayser i It. . 100 10 3 83 3 191 18 13 : 08 77 86 64 10O 96 86 97 47 87! 68 H 82 184 108! 99! 89 H 94H! 102 81 98 64 04 50 H 68 91 IOC T 103 lvO 116 102' 99 113 103 109 IOC 109 Jjj 1WW ia 91 83 62 100 11 11 68 U 7C 95 63 10O 96 86 87. 48 86 68 82 103 108 99 88 94 102 81 .J1141114 98 64 84 50 53 91 106 ' 7 10S 100 115 102 99 113 103 1V9 109 1094 UOO - 10 91 83 63 100 13 13 68 77 95 53H ,10 96 ' 86 ' 97 47 87 68 82. 103 108 99 89 94 102 81 114 38jKelly Spr T 8s. . 5!Lack Steel 6a 23 12jdo 5s '60. . 24iL S A M S db 4si ISjLehi Val 6s 2tU I. deb 5s. Si Lor. Co. 7s. . 22jL. N. 5 a. . . (103 103 103 If do 8s St L DlT 61 I 61) 61 SlIMau Sug deb 7H100100 1100 ll lMkt St Ry con 6a) 89 89 I 89 H 2 Marl Oil 7 Ha ctf;113 114114 81 do 8s wsr. . . .1118 T18 118 ' 2'Uich.- Cent. 3sj 98 H 6 MK h. Tel 5s 1 6Mldv Steel cvt 6sj 1 llil Gaa 4t Lt 4s 1 IMi Spta A N W 4al 3 M A St, L. rfg. 3a 13 Minn. St. P. A '8. M. 6 Ha.-. . 102 M. K. A T. 1st 4s 80 do 4a ser B . 86 do 2d 4a ctfs. 83 do 4s notes ctfs 84 do adj. 6a ser. A 58 do 6s ser. C. 93 H Mo. Pac. rfg. 5s. .1100 do rfg. 5s . . 95 do 5s 88 do 6s 99 do gen. 4s. . . 63 M. P. Co. 1st 6s 96 Morris A Co. 4s 86 N.Eng.T.A T.7s. . . 97 N.O.T. A M.inc.Ss 72 do 6s, aer. A.. 190 N.T.C.con.4s .... 83 do deb. 6s.... 103 do col. 7s . 105 N Y C A H R rfgl A imp 4)4.1" 86 do 4s 90 do 5s 94 NYCLScol.tr.3Hs 74 N YCMCcoLtr.3 s 80 N.T.Ed. Co.reXe s 109 N.Y N.H.AH.6, . . 80 N. Y. Ry. ref. 4s 39 do adi. 5s ... 10 5N. Y.Sue A Wgm5s 52 81N.Y. T. gen. 4 Hal 94 H 24 do ref. 6s ...1104 Sido W AB. 4s. . 66 14IN.AW.R.R. eou.4sl 87 do cvt. 6s. .188 Nor. Amn. Kd. C. 92 N. Ohio T ALt.6s 96 Pac. esSer.B 1100 N. Pac pr.li.4s. 86 .do 4s T 56 do gen. 8s . . Nor. Sts. Pow. 6s N. W. Bell. T. 7s O 8. Ll.con. g Sa XVW.R.K-AN. 4 64 10 40 10 72 50! 22 2 6 27 28 3 1 136 10 1 4 37 45 20 12 10 1 5 11 2 14 20 5 50; 2! 33 6 101 s; li 107 53 1 SjOtis 3i: 1! 7 33 2 22 " 8 15 98 90 92 87Ht 46 61 100 1107 1104 Steel 8s . . .1101 Pae. Gaa A EL Sal 90 !Pae. T. A T- 6s. I do etfs. 6s ... 1 94 i Packard Mot. 8s. 1107 IParia-Lyona Med. R. K tfs ctfa. . 1 82 ! Penn. R. K.. 7s..JL0U do R. R. os . . 1 9th do con. 4 Hs. . 96 do 6s 1109 do U.M. 4s.i 91 ouf. ec K. 4s i 38 lPere Marq. rfg. 5s 96 2Pbiltppine Ry. 4s. 81 H 3Phil. Co. ref. ( 07 6P. H. Am. Tob.8s103 1IP.R.L. A P. 7s 41U5 8Pnb. Sve. N.J. 6s 84 4!Prod A Ref 8s.. (102 6Prov See 4s, . . . 53 6: Read gen 4a . j 85 16Rio G A W 1st 4sli 79 8R I Ark A L 4 Hs SO orxi t Mtatsgen 5al do ref 4a 3! do R A 6a 4s : 125!StLASFpr lien4aA 15 do 5s ser B. . .i li do tdj 6s. . . 34 do inc 6s .... 12 do gen 5 Hs ..! 8)St LAS W eon 4s B 3trh.CShL 4 a! 4tS A L Gold ate 4s 1 do rfg 4s 11 do adj 5a . . . 84 do con. 6s... 27SinOU ev. 7 Hs. . 59fdo- 7s rets 4!8bar. St. Hp. 8s. . ljS.C.AGA. R. R. I 1st 6a SlS.Port. R. Sg. 7s! oo3. r. evt. 4s. . 8f do rfg. 4s. . aocoi.tr. 4s rg. si as B.e.ler. 4s. 133. Ry. con. 5s. - 20i do gen. 4s.. 142 do 6s 5 do St. I a dir. 4s -2lStand. Mill. 5s 8)St Oil CaL db.7s 8 Steel A Tube Co. 1 of Am. 7s 1 3d Av. rfg. 4s. . SO do adj. Ss . . . . 40 Tide Oil Co.s. lltT4.St.UAW. .3s st do 4s lOJP P 1st 4s .. Sj do cvt 4s . . . 151 do ref 4 s BiTJn Tnk Car 7s. 6 ID 8 of Cop Cj. 3U 8 RUB 7s. 101 do 5s 1 U S S R A M 6s I7U 8 Steel a f 6sj 16 Utah P A I5s. lOlVa-Caro Chem 5s! 531 do 7s 46! do 7s '47. ... KTa it A P Ss. . 2IVa Ry Sa 4 - 8 27 18 2-: C ?! 10: 5 2J.00 2 35 Warner T 7s "41 West El 5s '22 . . West Md 4s -. . . West. Pas Sa ... do Ca Westing. EL 7s . Wick. Spen. SU 7s Wil. A Co. 1st Cst do evt Cs do 7a 074 87 81 j 72 86 79 68 95 T5 82 68; 42. 27" 59 104 98 9 97 98 91 H 87 87 82 96 ec 99 79 96 106 101 65 60 102 91 71 91 94 -85 103 95 108-90 103 10S 91 99 105 98 79 06 109 10 64 i 87 SO 107 98 98, 92 104 98 98 90) 92 87 I 46 102 80 88 83 84 66 95 100 95 88 99 83 96 86 97 71 100 83 103 105 86 90 94 74 80 109 80 88 10 62 94 104 65 87 108 H 92 96 105 86 66 61 100 : 1061a 102 B0 101 o 107 81 109 99 96 19 91 37 81 97 102 106 84 102 53 85 78 80 ; 97 80 71 ss ; 78 n 1 75 82 57 42 26 58 104 88 99 87 98 90 87 86 H 81 95 68 99 79 96 105 106 65 60 102 90 71 91 94 85 103 95 107 89 103 101 o 99 105 98 79 90 99 100 63 87 80 106 97 97 92 163 STANDARD OIL ISSTES Anglo Am Oil. Atlantic Loboa .. srackeye P 1 ... J1 Sig Oil Imp Oil of Can. Int Pet Co Ltd. Northern PL.. Prairie Oil A Gad Penn Hex Fuel. . Prairie P L. . . Southern P , . Standard UH Ind Standard OQ , Ky rew IStandardrOil- K T V acunmi Oil . - Washington OH .. 4H 3i 95 60 I2 25 108 265 4 269 ' 94 115 102 449 . 439 I 2T 08 98 90 H 92 87 H 46 H 23 10 98 59 119 23 I 26S . 38 257 94 113 f. - 100 434 439 27 102 80 86 83 84 56 95 100 95 88 99 63 96 86 97 72 100 83 103 105 86 90 94 74 80 109 80 39 10 52 H 94 H 104 55 87 108 92 96 1.05 86 56 81 100 t06 102 90 101 90 08 94 17 "81 19 99 -' 109 91 37 96 81 H 97 102 105 84 102 53 85 79 80 97 87 81 72 85 78 68 95 75 82 68 42 27 59 104 98 99 97 98 91 87 86 82 95 60 99 79 96 106 100 85 H 60 102 90 71 91 94 85 103 93 107 89 103 102 90 99 105 98 79 96 100 109 64 87 80 107 97 97 92 (104 23 H 11 95 59 118 24 108 265 40 57 94 116 101 435 . 439. SI B15E : COAST STATX9CEXT OF Pwrtsaner Banks z, ' -- ;.v-V-;T923-- t, - int. ' . Clearing! - Monday, S.6J. 54. ' S . S.C89.433 BalaSHM' Monday. ;.-a.S4,07ar j 1.194.846 Cfearinga Tuesdsyfe 4.872.1 76 4 - Jtoftday ; Balaie - TueiaVi- 68S.5S1 HoNdav . tearjBg Vied. :e,tlv37S Bahtaeea - Wed . .v- e- C48.49 Clearings Thursday . a, 1 99.C 1 1 Balances Thursday. SO 3.3 1 8 - Tstims . aawks Thursday's transactiona . . . . -i."t-..1-,'fa:'2'-.':. i " aieSttsi Baaofcaw Clearinea. Thiirrsday . . . I.2S8.503 Balances Thuraday ........ 1,112,399 8 Fraiitilste BVanks Clearings Thacday .. .-. ....i., S2S.9OO.909 ' y- .- - "Oe ea4 Banks , . Clearings Thursday . ... . S.134,399 v,.; ;;4".t-;:4. Awiilm atanaa--- ' Clearings Thanday a . 31 6.534.804 9,184.511 1.C9C.70C i; S.I05.773 4S5.44C .,2.390,00 - FarelaraiEfckaaira Market New Terg. June 8 (U. P.) Forrirn ex- chance - opened" ateadr. - Sterling. 34.69 ; tra nes. .013: lire, .05C1 ; marks. .0035 . Sterhng closed S4.4 ; franc. .01 : lire. -.e20 aaar';.:;9034 i--,'kreen. 21 lf.i r-z-i:"-:: -;vr -'r--r :': .A-Z- . EASTERN LUMBER PRICES ARE FIRM - Pittaburr. Pa.. Jane 8. Lumber -prices here - are firm, with a tendency toward higher levels. . Dry gamed yellow pine IS especially active. i FURNITURE - ' Kansas City, June' 8. Business ia improv ing, aceordine to tho furniture dealers here. and the public is pure basing a large variety of goods. . New , Tork. June '8. Retail aates of furni tnre have shown substantial improvement in toe last few -weeks. Manufacturers, however still have heavy stocks on hand. HARDWARE : St. Paul. June 8. Wholesale- hardware dealers in the Twin Cities - report a decided increase in the volume of business in the last three weeks. The heaviest demand is for builders' hardware and garden tools. CLOTHING New Orleans. Juno a. Every factory In this city making summer clothing is running at capacity as a result of belated orders from all over the South and increased aalea in hitherto untouched territory. Sales of trop icals are larger than ever before in this market. DRY GOODS Philadelphia. June 8. Department stores are experiencing aa. excellent demand for dry goods. Prices and qualities as well as de-' signs are attractive and this ia stimulating trade. . COAL Chicago. June 8. Large consumers in this district are buying cautiously, having 80 daya' supply left on hand, and domestic consumers are not -buying at all, expecting that rate re ductions. July 1. will reduce prices. Rail roads are reixirted to be burning much Eastern p Kentucky high-volatile and Pocahontas, as these coals sre cheaper than the western Kentucky product. STEEL. . A.hland, Wis.. June 8. After a shutdown of 14 months the blsst furnaces of the Charcoal Company of America, have been re lighted. A force of COO men win be put to work today. Wheeling, W. Va,, June 8. The La Belle plant of the American Sheet A Tinplate- com pany haa closed for an indefinite aPeriod. Twenty-one of the 2 3. mills at the Laughlin plant are operating. Oil City. Pa.. June 8. The new' foundry of . the National Pump A Machine company will be placed in operation next week. The company will double its working force. OIL Pittsburg. Pa..-June 8. The advance of 23 cerrta to 33.50 for Pennsylvania crude oil is stimulating field operations. Somerset 25c oil has been raised to 32.15; Somerset light, 25c to 32.40. and Ragland, 25e to $1.25". Cabal is quoted at 31.90. Independent buy ers are paying premiums on Pearnsylvania. TOBACCO Lancaster, Pa.. June 8. Buyers In this county are growing tobacco by the acre in tracts of 40 to 60 acres. The growing crop gives excellent promise as to yield and quality. Crops of 1919 and 1920 have all been cleaned up. FURS New Tork June 8. The shipment ot. furs purchased from the Far Eastern republic of Russia by Albert Herskovits A Bon of New York is expected to arrive here within the next six weeks. The shipment is valued at about $1,100,000. ' SILKS New York, June 8. Special trains car rying 351 tons of silk from the Orient, valued at $5,600,000, are expected to arrive in this city from San Francisco by the end of this week. The shipment is the lsrgest to come through the Port of San Francisco this yesr and the trains are being rushed through at top speed. , " GLASS Pittsburg. Pa., June 8. Activity in the building trades has increased the demand for glass and the glass factories in this section are raising their output, ' POTATOES ' lloorhead, Minn.. June 8. Construction of a new potato warehouse and bonded storage warehonse here haa been begun. The new structure will cost in the neighborhood of $115,000. SEEDS Seattle. June 8. New Zealand merchants have sent inquiries to this market for timothy and clover seed, while India is seeking a general line of vegetable aeeds. The Austra lian seed inquiries cover peas, cauliflower and the grasses. AUTOMOBILES JPorfh Worth. "June 8. Retail sales of snother and 20 May in automobiles ' and accessories showed 10 per cent gain made over April per cent gain . over the figures for ioi - - a. t,ni yn. e Automobile plants here and in Minneapolis are increasing their capacity in order to meet the demand which is of record proportion. accessory BUSINESS BRIEFS The F W. Woolworth company sales for May amounted to 812.883.883. an increase of 31 60,752 ever May. 1921. The company now has 23 more stores in operation than at the beginning of the yesr. The . Celluloid compsny today declared a quarterly dividend of 1 H per cent on the common stock payable June 30 to stock of record June lu. Heretofore tne company nas paid 2 per cent quarterly. , The. following stocks sold ex -dividend to day: Trtneral Electric. Mackay company com mon and preferred. Railway Spring preferred, Texas Pacific Coal A Oil company, Cnion Car bide and United Profit Sharing. .Nit' York syndicate offered voting trust certificates representing 200,000 shares of the common stock of the Mexican Seaboard com pany' at 44 a share. Refinery and service station sales' af the Sinclair Oil company in May established a new high record for that month, showing an in crease of about 80 per cent over May. 1921. Reports- so far this month snow rapid .and continued expansion of salea activities. The Great Western Sugar company will sell S370.00O of the preferred stock remain ing in the treasury. Of the $15,000,000 authorized preferred. 313,630.000 now is out standing. Activity in Consolidated Gas today brought abont considerable dissatisfaction in Wan street av to possibla revamping of the capital stock of, the company involving the calling of the 7 per cent convertible bonds due February 1, 1925. of $5,000,000. been listed ca Doner Steel the Chicago The new tssue gold bonds have Stock Exs huge. Among the companies which declared regu lar quarterly dividends today were All 'America-Cables.- 1 per cent payable July 14; Herculee Powder common. 3 per cent payable June 24; St. Louis, Rocky Mountain Av Pa cific Railway. 1 per cent ea the common and a per cent on preferred, payable June .associaiea uu company, $1.50. Jaly 25. . SO: payable -an FOBEIGy EICHA5SE KATES Corrected daily by the foreign exchange dei pertment ef the United States National bank. Quotations below except the pound ater hng are quoted oa the basis of 100 unila foreign currency. ..,'.. Opening nominal rates on bank transactions t London Checks. LhsLSterSngt 4.49 Paris Franca. 9.12 Berlin Marks .88 fienoa Lire . 8.2 1 4.20 22.19 17.65 26.05 58.0A 47.80 78.6A Drachmas.. Copenhagen Kroner . . Ctrristiaaia- Kroner . . Stockholm- Kroner . . 1 Cnrrencv . . Japan Ten. .-Shanghai Taela Cable Transfers. $ 4.30 9.13 .36 S.22 4.22 22.15 17.70 29.10 68.25 47.93 8.80 Par Tame, S 4.866 10.8O 23.81 19.30 19.30 2C.70 2C.T0 28.70 Canadian dollar discount. 1 per cent 0VERBECK& COOKE ; COMPANY Stocks. Bonds. Cotton, Grain, Etc. 316-317 .Board of Trade Baildin DIRECT PRIVATE WIRES To .New York i and Chicasro Member Cklrara Board .at Trade . " CORRESPONDENT OF , LOGAN & BRYAN r WALLTSTREET STOCK QUOTATIONS - 4 - ' Reported by Overbeds A Cboks Co., Board at Trade Building - . . Wall Street Journal Financial Review) ' 3few . Tark, Jaae 8 U - ! Al thoark trade was slats'Uk aa tka Hew Tarkv stock, exchange today la - eosn aarlsoa -wltk receat weeks, price move meats ware characterised by tka firm est tone of tka week. Tka steady taaa w.as attribated to the sier teadeacy of saoaey. Call loaas reaewed at SU per teat,,, the lowest arare si ace April 17, 1918, aad demaad faads were obtainable at 3 aer cent tkroaakaat aaast at tka day. la view f tka pleatif al sapply - of sneaey t or speealatlve - parpeaes aad wltk tka maarket dlsplaylas; a decided tendeary to tara daU la reacUoa, tke professional element showed 10 if CressiYeaess ea tke short side aad leading; ladastriat stocks skewed aa sigras at selling; pressare it aar stag-e 01 taa, market. Tka market as a wkole was 4aU aa til lata la tke day, tradin la storks like Mexican Petroieem aad Stade baker gave evidence that recent opera tions have resulted la aecamaiatlow of storks rather than being-; merely spec- aiatlve desaoaftratieas. STOCKS. STOCKS. 200iAdem Express. . . . . (Advance Rum . . . .... I do p4d. 200 Agr. Chem HOOj do pfd. . 400,Ajax Rubber (Alaska Goid ... lOOjAlask Juneau . . 1 HOOIAllied "?,bem. . . . 2200'AUis-Chlmer . . - . . . j do pfd. 320OAm. Beet Sugar . 200!Am. Bosch 330OAra. Can Co. . . . 00 do pfd, 600 Am. Car A Kdy. . .... I do pfd. 900 Am, Cot. do pfd Am. Drug .Hynd. . Am. H. A L. . . do pfd. lAm. Ice Am. latL Corp. . Am. Linseed .... do pfd. ...... Am. Loco. do pfd. ...... Anglo Am. Oil . . Am. Saf. Razor . . Am. Ship A Com Am. Smelter ... do pfd. Am. Snuff ..... Am. Steel Fay. . . High. 02 68 174 " i M 71 50 i 48 hoo 168 U Low. 62 674 17 " i u 70 49 H ) 47 M I 45 HI 4 I IOS 167 Close. 200 400 600 700 800 1500( 100; oi66 1000 900 800 1O0 600 Oil -I- 62 hk 19 -50 40 Vi 97 17 S vs 1 V 7 H 49 96 47 45 40 1105 ts n7 1: 28V4! 28s 5, 1S4 70' 107 48H . S4 I 14a I 70H (106 1 47 4100Am. Sugar. Moi do pfd. . . . KliOjAm. Sumatra 1100 Am. T. A T. Am. Tobacco . 800 do "B' 400 Am. Wool . . 200 do pfd. . . do pfd. . . . 600 Am. Zinc . . 3800 Anaconda ... 100 Assd Oil 14 001 Atchison . . . do pfd. I I Atl. Coast Line. . i . 600IA1L GttlX A W.I.I 1200 Baldwin Loco. 100 do pfd. . . 7300 B. A O. ...... do pfd. . . 1400tBarnsdeU 600 Beth. Steel "B" . .( 300iBooth Fish . . . . 1800)B. R. T l.OOOiButte C. A Z . . Butte A Sup. . L . OOOtBurns Bros. 2800 Caddo Oil . . . . 1 00 Calif Packing . 3900 Calif Pet. . . . ...... do pfd 2600jCa.nadian Pac 1 800 Cen. Leather . . 2200 Cerro de Pasco 1200 Chandler Motor 600 ICW. A S. W. . . 400Chi O W . . . . 100 do pfd- . . . . 4000!Chili Cap. - 600(Chino . 1200(0 M A St P i 600 do pfd . 4300!Cora-Cola . . . . 115 116 24 7. 28 62 7 is 1 884 79 106 41 123 1140 ' j 93 107 'is" 34 .1123 .1 984 39 . .1115 4 . .I13 .1 50 45 U 78 H 7s 26 .137Ta h 77 -I 66. --! . - .a . ma ,r lOO 1 39H 39 76-4 75 Ti V. 22 H 22 31 26 424 68. 66 k 33 48 87 5U 123 300 100 10O 9700 13800 20800 1600 ' 900 . 400 3900 10800 7600 12900 200 CA O. Colo PA I . . . . Colo South .... IOOIC0I0 6a A Elec. 8OOIC0I Graph Con Uas Cent Can Cit Svs JJkra. . . . Corn Prod Cosden Oil .... C R I A P do A pfd . . . do B pfd . . . Crucible . . .... do pfd Cuba Can .... do Did . . . . . Cub-Am Sugar Del A Hud . . (Dome Mines 140ODeI A Lack.... 70O)Dav Chem .... 1800End Johns" TOOiEne . 100) do 1st pfd . . 900Elec Star Bty.. SOOlKamous Players il'ed MAS . ... . 200) do pfd 200 Fisk Tire .... (Gaf ton Wms . . . 200 Gen Cigafs . . . . . en IHec 700Gen Motor P(t0ien Asphalt . . . 00Goodrich SOOIGlidden Paint . . . 700!Granby 200G N Ore 19001 do pfd . . . . . . fGreene Caaanea . . 200IGulf S Steel . . . 200Glen Allen 5001IIouston Oil . . . 2100Hnpp Motor 900(111 Cent . . '. . 00!lnspi ratios 200Inl Agr Corp com! do pfd I Interboro ...... do pfd I Interstate Callahan Int Harr , Int M M do pfd ilct Nickel Int Paper do pfd ...... 1800 Inv Oil i ..... . 7001Island Oil1 . . 100 'Jewel Tea 5O0 K C SourJhern . . 200) do pfd 105 S 62 4 43H 8H 84 H 76 "iH 37 4 264 122 iii" 58 ; 82 10 24 44T4 . 84 '06 17H 700 8O0 370O 200 200 600 200 300 76 14 65 42 17 31 ,i 40 77 '82 '4 '" JO 106 43 I 10f ) 1H 4 I 9 107 23 83 17 57 1 28 57 5 14. 70 106 47 36 55 114 115 23 7 23 62. 97 133 , 38 79 105 40 123 142 189 93 106 32 18 54 123 99 v91 104 39 114 113 49 61 45 78 7 26 7 31 137 13 76. 654 95 137 39 38 75 75 , 9 22 22 31 26 42 67, 33 ' 48 88 6 120 66 23 104 51 hi 43 97 83 76 94 18 37 26 120 . 28 125 67 82 16 23 44 84 12 SO 17 76 163 14 65 42 16 81 40 77 34 82 52 82 . 82 . 19 19 106 1105 42 43 10 1114 116 23' 7 23 62 96 jl34 88 78 106 40 123 139 93 107 18 54 123 99 9 114 113 49 45" 77 7J 26 7 137 13 77 65 . t7 39 38 76 75 22 21 31 26 42 67 66 33 48 87 5 120 1034 31 43 98 84 75 17 86 25 122 124 57 i 82 16 24 43 84 60 17 76 ii 63 41 17 31 40 77 '82 11 8! 9 10 39 1 8 9 106il06 23 ! 83 J 17 I 50 18) 17 1) ' 1 20 20 20 l 26 1 67 ( 67 I 23 834 17 SO 85 17 1 20 2 S7 OREGON BONDS Yielding: Xi M City, County, School. Port, Improvement and Water Bonds Details furnished on request. Western Bond & . Llortgage Co. SO .Fourth SL, Portland, Or; 15100 Kelly -Spgfid . ,. 90Keaateeott .... . 2l09iKeyatone Tire , 200Lack Steel .. .4 . 1'OOlLe Toe ...... 509Lchigh Valley . . . . . . jLorUlard .. . . . . SOOiLoew Theatrea . .....1L A X IvOOiMan Mot A ... 28001 do B ...... . . . . , (May Stores ... SlOOlMex Pet Si. . . . SOU j Miami ....... llOOjkiid States Oil. 3OOjMidvaM Steel . 900,M K A T Wi.. 10O da pfd .... 2400,Mont Power .. 20p)MoBt Ward ... 01Mo Pac 109! do wfd . . . '. .M St P A S S M 2800 Mariaad UU 3100 Martin A Perry. . 700Xat Enamel ...t 200 Nat Lead ...... 100 Nevada Con 1 UOO! New Haven . t400, Norfolk VW, . . . 20N'or Pae ' 2 OO 1 Nova Scotia StL . X I Air Brake.. 900i X ' Y Central. . . . SOOjNor Amn 2600Okla Prod ref. . 100 Ontario Silver .. 200OnUri A W. . . lOOjOtia Steel 4600jPacific Dev 2O0jPacGas A Kiee. 14fr00:Punta Allegre .. 4 8O0: Pacific OU 4 800; Pan Amn Pet . . 210 do "B" 4200 Penns . . 4 200lPeo Gas 32O0 Pere Marquette . 1900 Pure Oil 7 000 Phillips Pets ... 500 Pierce Arrow . . . IRSOOiPieree Oil ICOOiPvtrs Coat 12200;PitU A West Va 100 Pressed Steel Car. 7 00 Pullman 200Rar Cons 3 900 1 Reading 4 OO Remington 9200 Replocle Steel . . 0800 Republic I & 8. 800 do pfd 300 Rep Motors 3800 Royal Dutch Oil. 200jRy Steel Spg... Stand Oil . .-. . . SSOO Seaxs Roebuck . . 200 Shattuck, Arts . SOOISheU TAT 13600 Sinclair ... ... Stand Oil Ind. . . 1500 do N J . . ; . . ...... Hloaj Sref 3500 Sou. Pac 1 600 j Sou. Ry 6000 'Stand Oil Csl . . 200jSt. L. A S. P. . 1 High. I Ixw. Close. SO 900 8800 1900 5200 600 6400 7600 3000 Carb. . 51 37 21 7C 32 S is 72 2S 149 30 15 38 18 40 73 22 22 56 - 43 SS 53 94 18 32 ioa 95 33 84 63 8 7 26 13 19 72 61 84 71 95 42 84 32 83 68 20 10 66 89 79 121 18 76 84 38 75 91 11 84 104 102 77 11 45 38 116 195 89 24 115 28 52 124 Strom berg Studebaker Swift A Co. Tenn. Cop.ACbm. Texas Oil Texas Pac Tex. Pac C.AO. . Too. Products. . . Tran. Com. Oil . 6200(rnion Oil Del. . . 600Cnion Pac 300 1 United Alloy 200irnited Drug.... 40OlUnited Food Prod. 00 Tnited Fruit . . . 100Cnion B.AP lOOiV.S.C.I. Pipe . . . 12300iU. Retail Stores.. 700iC.S.lnd. Alcohol. 7900IC. S. Rub. ...... 100 do pfd , lOOlC S. Smelting.. 8600jU. S. Steel POO! do pfd 200jCtah Copper .. 800Va. Chem. . . . 100 do pfd. 2800Vanadiura Steel 9O0Vivandou . . . 300Wabaah 190Oj do A pfd. . . I do B pfd. . . I Wells Fargo . . SOOiWe&tern Pacific 100 do pfd 1001 Western Cnion . . . . jWestinghouse A.B. j. 7uw do ;.M . . . .) HO0 1 West, Md. I 400Wbite Motors ..I SSOOjWillys-Overlaed ..I l00j do pfd. ..... .( 10O! Wilson Packing v. ....(Wisconsin central.! ..... I .... (Woolworth . ... I J . . . IWorth'gtoo Pump. I . 82001 W. A . E. .... I 18 1 OOOIWhtte Oil I 10 6 00 1 White Eagle Oil. . 28 1 . . .IM.ner j 3 747,300 12 48 82 31 80 18 24 188 39 76 8 141 65 84 68 67 64 105 48 102 .1119 (. 50 29 74 82 04 is 7i 28 138 30 15 31 18 40 73 22 65 42" S4 53 94 18 81 106 93 36 84 63 3 7 26 13 9 72 49 64 70 83 41 84 31 33 57 20 8 66 37 79 120 18 75 84 37 74 91 11 64 104 101 76 10 44 87 114 191 88 24 113 28 51 123 12 48 82 30 80 67 24 138 39 76 7 141 65 34 65 66 64 105 43 37 20 74j isc ! 15 118: 71 25 115 ! 139 1. 88 i 18 1 40 , . .24 - f 22 65 59;i 42 t 34 58 93 18 81 Ja IOC 96 331 ' 77" 84. CS! ' 3 Tie 2C 13 9 64 71 CS ' 41 84 82 32 57 2fll ; 79; T 120 17 75 34 87 i 74 4 91 i, "11 P 04 104 ! 101 76 10 45 ! 37 116 193 48 j 89 24 115 ' 28 4 52 123 10a I 12 ; 48 32 30 80 i 18 24 ii 138 39 i 1 Tw 140 i 64 i 34 ii, 66 i 64 T 104, 43 K. 101I10l 11 I1IW 31 89 I .1 6l I 13 i -I 13l -I 2( -1 ! -I I 31 69 50 12 13 81 I 22 62 I 99 I I B2 I 12 60 I 9l 4 46 I 21 82 99 61 12 50 8 45 I K44j . 1 Complaint Filed . AralasUBeerK Co.? Kahuna. Wash.:. June 8.- Action was filed enth tle county clerk Tuesday by Frederick 31O0.O00. Grounert aaaiast the OeJumbm ,' River Door cceapany , to collect S 58. OOO and ' determine the riglttful waerah ot tbe property. After being V1W for nearly tv Tears the mill Vaa leased ncentiy by tbe Oregon Aalama Iimner company, but- Gronnert took over the mill the first ef Ui week. The plant : la valued at !' IVIR. BABSOIST. states in a recent, article, "There are numerous factors . which are helping thefbond situation. First is the, willingness on the part of the people to give more 'attention to the fundamentals . of Life. , During the war-time boom people went crazy i with' . spending, borrowing and wasting. This jinevitably led to extravagance, inefficiency and dishonesty. "The people are now seeing the error of their ways. Thrift is today; being substituted for. extrava gance, efficiency is taking the place of inefficiency, and integrity is again developing in place of dis honesty. All of this means that more money is con tinually available forf permanent improvement, road building, school houses, factories and homes. This change for the better has just begun, and hence is liable to continue for some years. If so, there will be a good bond market for a long time to come. ,;'.-. j - "Another factor helping the bond market is ths great increase in thejnumber of bond buyers." It is the general belief of j the students of finance that we are entering into a period of good and con structive times. During such times money rates have always lowered and bond prices have always advanced. The bonds we own are offered at prices consider ably higher than they would have been offered a year ago, but doubtless at prices math lower than it will be possible to bay them in the near future. We recommend buying bonds NOW to the limit of your resources, j Call on us for recommendations. Do It Now Use Our Partial Payment Plan FREEMAN, SMITH a CAMP CO. Qwawg LUMBIRMBN8 BLOC PORTLAMO swseav I"! yeVla HON! i ass S'?i!jk lEePl w 86 81 . so 12 i i.n 81 I 21 I 78 1 VI ; 61 98 93 61 12 50 8 46 44 S" 158 . ( 53 : 15 I 16 9 t 28, I 28. 3 13 Piiiiiiiiuuoiiiiiiiiiiiiiiiiiii!nuuininBflnsis!iBj New Issue 'l'otal eale stocks. ToUl salea bonds. Si 4. 8: shares. ' 0,000. BOSTOX COPPEE SHARES (Reported by Orerbeck A Cooke Co.) ASS. 10 La Salle.. 77 Mich 28 Mohawk. 4 M.A. Col . 3 Mas. Val . 285 N'ipissing 20 O.D.Cop. 1 1 OseolaMg. 45 Quin.Mg. 8 bile Royal 3 S. Lake. . 1 1 Sup. Boat. 2 8. Utah. . 3 Sun. Cop. 1 Utah Con. 114 Ventura. 2 Wolverine 4 Wxandott 4 Indiana. . Bid. Ariz Com. 9 Adventure66 Allouex. 27 Arcadian 4 CalAArz. 62 CaiAHec280 NewCorn 19 Centennial 10 Cop. Bee. 45 Davislialy 8 Daly West 1 K. Butte 1 1 FraukMg. 2 Hancock . 2 Helvetia . 1 IsLCrk. 113 Kcewanaw 2 KeerLake 3 Lake Cop. 4 Bid. Ask. 1 1 2 3 66 67 5 5 2 2 7 67 23 27 85 86 47 48 26 27 47 48 IS 3 B 10 4 4 8 3 32 32 14 14 ftO 75 80 100 Money and . Kxrkange New Tork, June 8. (L N. S. Call money on the floor of the New Tork Stock Kxrhange today ruled at 3 per cent : high. 8 per cent; low, 3 per cent. Time money waa quiet. Rates were 4 4 per cent. The market for prime mercantile paper was quiet. Csll money in London today was 2 per cent Sterling exchange was steady, with business in Bankera' Bills at 3449 for demand. : We Offer-0nr Participation in $7,500,000 CITY OF PRAGUE 71-I9- 30 yr. BONDS Due May 1. 1952 Coapon Bends of 109 aad $1990 Deaam Illations. Beginning; in 1923 these Bonds will.be redeemed through cumulative fsinkingr fund by repurchases or! by annual drawings at par In amounts sufficient to redeem whole Issue by May, 1962. - ' Prague, the capital of Csecho-Slovakia. la the commercial and financial center of the Republic. It Is a laree, prosperous and thoroughly modern city And haa a population of 676,000. The loan will be a direct liability and obligation of the city, secured by first mortgages on the Klectrlc, Gas and Water plants and Street Railways. Tbe proceeds of the loan are for the construction of Electric Power station, erection of Gas plants ami extension of water works and tramways ; all improvementa to be Included in this mortgage. ,1 . The gToss receipts of these pledged enterprises' last year amounted to 235,000,000 Kronen and estimated this year 318,000.000 Kronen, which, at present exchange rate la equivalent to over 10,000,000. Price: 1)2 12 to Yield Up to 8.17 Call, write or phone Main 4195 for reservations. pill SeaiUtfteOlana 2nd floor NORTHWESTERN BANK BLDG. PORTLAND 'uuunnilllODE Safegu Help Develop Yoiit; State ard Your Own Future The 3,285 employes f the Portland Railway, Light & power Company make up- busy little army today. Tie - company has ; embarked on f.!pror'am of expenditure of millions ot dollars that it may fetter serve the light, power and ' transportation present and 'future needs of Portland and;vi!nity. - 1 ' The corripariy also isengaged in another enterprise of great interest to the people of this district, lt is selling its securities locally, partly to care for expansion expendi tures. This method of financing is known as the CUSTOMER-OWNERSHIP plan. The patrons and'eustomers of this great $60,000,000 public utility now have the opportunity to become part owners in this Oregon enterprise. Dividends will be kept at home and wealth-will be created through the use of home, money. More than 2500 men and wo men have become part owners since January. : ' ,We have an issue , of 7 Prior Preferred Stock which (has priority over all other stocks of the company as to dividends and assets. The 'price of this stock now, but subject to change, is J96'for a 100 (par) share. The net return is 7.3. Dividends are payable by check every three months. From the standpoint of a safe and sound in vestment it is the most attractive in dividend returns of any on the local market. either for cash or on tbe partial payment plan. You can buy one or more shares Either way the price is the same. MAKE IN0UIRY TODAY WRITE OR TELEPHONE. ; INVESTMENT DEPARTMENT ROOM 603 ELECTRIC BUILDING BROADWAY AND A LDER STREETS PORTLAND RAILWAY, LIGHT ;;, POWER COMPANY ASK ANY EMPLOYE. FOR FULL INFORMATION, CALL, & mi SOLlDASJIXajAJE