14
THU OIIKGON DAILY JOURNAL. PORTLAND, OREGON.
WEDNESDAY. JUNE 14. U22.
MS
I WALL' ST.
' PUT IN ORDER
By Stuart r. Wart
Wall gtwt, Jfew Toi. - June 14. Con-
rtrad with the excited fluctuation of previous
days, " market movements, both in secanties
-a.-'..-.-''-j : '-"r-vvs and commodities, . were
f .-, -sv ' :- " rsrtier - uninteresting
Z:- -V 'S today. This was
: it
' X
8
v-V. " farther recovery m
-Vi stocks t the outset.
A lowed by reilumi
""11 ',tt.' V sales U" heavy
JMJ ?? :i enoush to check the
iTn and brai
i'VK;t aboot an irregular re
. '.T0m .action later. The
"''.,"; whole market went
.-. .1 hi.h wlnljr the cot-
.f ton market soil off.
xdliuwm,. w - .
decline of the last
week, Ftench francs
were aomewiiat firmer
; snd this hart its ef
fect upon toe rest 01
the foreign exchange
i markets. In t h e
1 h n n d dealines the
ettfof , ifutufimt - w.a a Vfenfnus fine in AlCXican
government issues, which accompanied , word
. from the Mexieanf agency here utt tne nego
tiations witli international banking representa-
-- tives for a settlement of the Mexican debt were
nemrinz a satisfactory conclusion. .
- Speculative Situation Considered
The stock market once aeain was fovrnird
ty considerations of tbe-immediate speculative
position; The question was whether the vio
lent fall on Monday, following -a week of more
gradual declines, corrected the excesses of
' Wall street pools in the market of April and
May., The fact that prices had been brought
down in many instances over the greater part
of the ground earned in these two montlis.
- while nothing discouraging had happened in the
..business situation, furnished a strong ground
for believing that the reaction had been suifi-
rient. At all events, the epeculative house
had been put in order again. .Opportunity
' had been given for important interests which
were sellers wnen the upward movement was
: m tiie audit of its extravagances, to buy back
stocks 5 to lu points cheaper and the indice-
tions were that this opportunity has been "taken
. advantage of.
Advance Is Overdone
v Undoubtedly speculative Wall Street - has
greatly ovesdone tilings in last month's market.
It - had over-discounted the progress of trade
recovery and taken undue advantage of the
.easy money condition. Bat having paid for
-all tills with a violent and very expensive re
cession, it was again pertinent to keep in. mind
that, witn money almost going begging at 3
r per cent and witu tue industries of toe country
', still on tne mend, there was no sound basis
i for . a furttoer downward movement of conse
" 4uence.
i.jf Call .Money Firmer
'" Call money was a trifle firmer, the rate
on lie ir loans letting up to 3 1 pet cent as
- avsinst the extreme low of 2 per cent. The
reviews of the iron trade referred to the last
. ,week as a period of further increase m pro
' ducuon, a, greater pressure on tue part of uie
consumers tor early delivery and a nt-ing teiu
. uency of prices, v In other words, the steel
' tndastry stands now at the highest point yet
reached m the rccorerr which set iq 94
' Booths ago. The advance in wheat options
, was quite ' pronounced -following unfavorable
weather advices both from the fcioutiiwtsi and
-,lfl tile spriKiff-ovrii territory of tile Northern
states.- Jsotn wneat and cotton are just now
"weather'' markets, but whereas wheat pnera
' iter their prutonged deehue are hi positions
to he tie fit iitom everything that cats down the
growing crop, ths cotton marxet has Uisconteu
unpropitious weauier conditions and if these
-. uo not continue wooJd be-avt to suiter.
Studshaaer Is Leader
Studebaker was tue leader in the stock mar-
' ket of the day. lis advance was accompanied
; by the usual report of an extra distribution
either- in cash or stock, although the next
, meeong at which such action might be , taken
is not scheduled until over mouth from now.
The mercantile marines went up with other
shipping , stocks at the opening on President
- Harding's threat" to call an extra session of
congress if necseaaxy to pass the "subsidy bilL
Hut they came down sharply following the
. annual meeting winch brought forth the char
' acterist statement by the president of the com
pany that business condiuons were bad and
that while Improvement was looked for in the
second year, earnings for the first six months
, were decidedly below those of 1321.
'." - '.Curb Motors Rise
Other motor stocks fierce-Arrow. Maxwell.
r General Motors and Hudson Motors, on the
P euro exchange were drawn along with Stude
: baker and the strength of this group made
itself felt in the whole market d urine the
luisi nour. '
Iew x'ork Central, after an early advance,
went down for a while, when it became known
that the dividend for the coming quarter was
, not to De , changed, bat had- a quick rally.
. The return of Sinclair Oil to the dividend list
with a declaration at the rate of $2 a year
i had evidently been discounted. The stock sold
on aiter tue news was ojU
Market Quiets Down
After the sharp fluctuations of tlie two pre
' ceding days., the stock market quieted duw u
in today's dealings. Interest centered in Uie
-motor stocks which, under the lead of Stude
. baker, were: very strong, especially, in the late
afternoon. Kealiztng sales juat before Hie
.close carried prices down somewhat from the
! top but the final tone was steady, with net
gains fairly general.
- The wheat market went higher, while the
cotton market sold off. Following the steady
decline of last week. French francs were firmer.
. leavinc off at 8.82, as against &. 7 3 the low of
'Tuesday.
FINANCIERS WAITING FOR PUBLIC TO PURCHASE AT NEW -LOW PRICE RANGE IN NEW. YORK
- . . " 1 "' 1 ' ' ' ' '''''' --ft t . -"'""' V'f 4 r ' ' i ' - ' ' " ';""". ' " " " "' " " V ' ' . " " ' ',
E
NEW YORK BOND TRANSACTIONS
- - " I Bepeotect by The Journal's Wall Street Bureau . . - '
The bnrp rise ef Mex!r roernmet
external Joan today wt tti (atsr
of the bond navrket. Both the 4s
the r geyeral points u b.ry
transactloas. ThJt rwa awether dem
onstraUon of tb sBsitlTaefs of the
negotiation, which Baye , bea . going
oa reeenUy iwtweea Uteraatleaal baak
tag represBtatIva towavrd aa -avdjwet.
sent of the Jlexican debt. - It. was
rwported that the coafereaee H. JM
York -were aearty rer and that aa
agreement was expected shortly. The
t mortfaget eled on Taesday at
and the is at &Ji. Tha former -weat
well abara it and the 5 , adraaced
to around ti. v
Freaeh groTerameat bonds ' eontlaaed
aetlve and wreak, partleaUrly th Js.
raited Kingdom held their groaad
fairly welu while selllar earae tto
the City of Zerleh - 8s aad Swiss 8s.
tralted States aroveranseBt heads were
stroner with the foarth 4s' eqaalUBR
their high for the year. High, rrade
railway Biorfgaares; were Irregalar, al
though most of the changes wr
ward slightly Higher prices-
speeniatiTe tssaes ifere stronger wita
(...I h.ini in b ftw Bii the
rrti ami tn Peoria Kastern la
comet. la the bidastrial. section the
Mid vale Steel Ss regaiaed oyer a point,
agar bonds were i strong aBd the la
ternatlonal Mereaatlle Marine s were
steady despite the expected decrease
la net earnings shown in the annual
report tor 1921, lwsned by the company
today. Jfew Yorfc Tractloa bonds aad
the pBblle atlllty secBrltiet geaerally
were little changed. .,..-,
The oniek sale f the 12,0.eo
Clerelaad CnJoa Terminal eompaBy s
first mortgage iVt per cent slaking
fund gold bonds, series A, by a sJ"""1"
cate headed by i. V. Morgan C o.,
was reparted this moralng. The bonds
offered at 9 and acerned laterest to
yield oyer ..
KEVV TOKK BONDS
New Tork, June 14 iajatg
rial list of all bond traded in on ithe New
York stock exchange today, with prices and
asles up to and including the c J
market- Total sales today were SI. 2. 316. MM,
against $14,335,000 yesterday. ,14,87.00J
a weak ago, i4,8SW.0U0 a year ago and
(18 6U8.DOO two years ago.
From T January 1 to date $2,19.823,000.
against tl.3T&,inv,Q00 a year ago and 11,
78,099,000 two years ago.
LIBKKTY BONDS
(In $1000)
Sales.
Maturity.
4 9 81 Lib.
41 V .1
FOBKIGX EXCHANGE KATES
. Corrected daily by the foreign exchange de-
4epartment of the United States National bank.
Quotations below (except the pound sterling)
. - are quoted on the basis of lOO units foreicn
-i eurreocy.'. - ,
Opeuiuc nominal rates on bank transactions'
"v;.. ','.-' -", A,rai vaoie . iar
,r JUondoa t- Checks Transfers
Un. sterling. $ 4.4 6 4.47V
8.2S
4.07
raris Frjsncs . .
Behrlum
rYsacs
. Rertin Marks..
tenoa Lire . .
: Athens
lraebmaa ...
' Copenhagen -Kroner
. . . ,
Chnstiania
'."Kroner .: . . . .
Stockholm.
: ' ainiijee .. . .
? Hoflgkonjt
C urrency . . .
Japan Yen .
tthaoehai
.8.81
8.U4
.32 H
4.07
4.00
St. 80
17.30
23.83
6. 411
4T.90 .
4.02
21. S5
17.25
-"3.90
6K.65
4S.D3
Value
S 4.866
19.30
10.30
23.81
19.30
19.30
26.70
26.70
20.70
Canadian dollar discount.
80.55 . ...
1 H per cent.
BOSTOX COPPER STOCK
, . Reported by Overbeck-Cooke Co.
11
3
6
1
5
3
594
A
361
"l
887
f7l
do
do
3H
3s reg.
1st 4s. . .
do 2d 4. . .
do
do
;a reg.
1st Vis.
do 2d 4 44 s . ,
do 3d 4 Vis. . .
do 3d 4 V4 s f eg
do 4th 4 'As. .
do 4th 4 s reg
SDUj Victory 4 Is s ...
II!-. I do 4 a res. . .
I do 3c O . . .
FOKKIGN
8 2, 1 Argentine 7s .
34 Belgium THi
17 do 8s rets. . . .
7( do 6s
4 'Chinese Ry. 5l . .
3 2 (Berne k
6 -Bordeaux 6s . . . .
9jCopenhagen 6 bit
10 Lyons 6s ......
14iM.arseUles 6s
2; Porto Alegre 8s. .
20jRio de Jan Ss '46
10R. d J. Ss ctfs '41
SiC. of K. P 8s w. i.
1S. S. 6s '36... 1
ST IS. 7s tern cerll
a 1 Danish 8s B. .
2-3 Can 54s ns
234 do O Bs '52
1!D. of C. 5s -2
231 do C ... .,
30D. of C. 5s "31
67I. 1. I. ret o
57 1 do tecs C . .
63jFrench Gov 8s
134, do T 54s
7lJap 1st 4 Ma. .
II -do ad 4Hs .
12Jsp Ster. U)n 4
5Ienmark 8s . .
28jDenmark etf 6s
23IUly 6 Vis ser A
eOiNeth. rets 6s. .
SfNorway 8s. ... .
9 Sweden 6s . . . .
lOIRep of B 8s '47
140hile 8s '26. . .
24 (Chile 8s '41 . . :
29!CHile 8s certfs '4i
1 jCuba 4 V4 s ...
f?3(Tzechos3ovaki& fts
61!Uruguay 8s (106 ,: TO lOO
3tOueland 7s . . .1109 109 10!
13 do 7s s .-.SlOlVillOl UOlli
221Swiss Govt 8s ... 118 117 11
3 U CSmd de Sul 83)102 101 Vi
28so Paulo 8a . . 102 jl 02 H
8tl Ha I 5V4 '22(109 (108
! High. Iwl'lose.
ToOJfTllOOlO 10012
100041000Q 10004
9980 9980 9980
9986 9986 9086
i 9944 9946 9946
100O4 lOOOO 10O0O
99H0 9980 9980
9996' 9992 9994
- 9994 9980 9980
19002 9996 9998
9994 9986 9986
10U08 10000 10000
9996 099O 9992
KI064 lOOBO 100B2
1005 1O052 10054
10064 10064110064
:jonis
100 Vs 00 09
108 Vi 108 108
1074 107 107
102 102 102
S3 X 52 H 53 V4
112 111 bk 112
85H 85 85
92 91 92
1 85V4I 83 85
85 Vi 85 85 Vi
(102 102 102
(102 1101 i 102
1103 Vs 103 103
1102 V4 102 Vi 102 Vi
88 Vi 83 83 H
111 111 111
92 01 91
illOVi HOVitllOVi
101 1100 101
100 100 100 '
99 Vi 9V4 09 Vi
100 Vi 100 Vi 100 Vi
99 1 98 1 98
94S 94 j 94
94'4 3 94 Vi
102 102 102
101 100 100
91 V4 01 Vi 91 i
00 90 90
A 77 Vi 76 T4 76
!iio no vi 110
08Vi OSVi 98Vi
96 96 06
97 97 97V4
110 Vi IllOVi (110 V
102 14 1102 1102 V
101 101 (101
102 101 Ti (102 Vi
105 104 Vi 1105
104 104 (104
81 1 81 I 81
9TV41 96 I 96
431 do 5 Vis '29
46 do 5Hs 37. .
. . . .1 do 5 Vis '39. .
' 89)C S of Brazil 8
SS4'U 8 of Mex 5s '4 3
117 do 5s 54
844 do 4s i. . . .
2U do irf 4Vi . .
109 1108V4
102V4il02 V.
105 4
64 .
39
104 Vi
60
57
-53 49
42 I 40 -
102
102
109
10S
102 V
RAILWAY AND MISCELLANEOUS
6! Ad. Em. coL tr. 4! 75
21Ain- Ag. Ch. 7 Vis 10314
1 do 1st cvt. 5s 97
1 Am. Cot. Oil s. . 93 Vi
20!Am. Smlt. 1st 5s. 92 i
50Am. Su. & lit. 6s 100
2!Am. T.&T. cvt. 6s 114
2: do ' col. tr. 5s 97
4 do 4 Vis . . . . .I100H
44 do col. 4s '29 90 H
An, vvr. I'aper est so -
, 2 An Abr. Jnr. . U.
M. ct 6s. . .v
79 Ann. rl. est 4 si
33IALT.S.F.gen. 4s
9 do adj 4s . . .
l do - tx. S. fx 4s
. 5iAt.&Ckir II os B
2 A. C. U con 4s
SOiAt. "ruit cvt 7a
70Atl. Kef. 6i.
10Kelnry deb. 3s 37j
Bid.
." Aria. c 9
Adren. . 65
Ahsseek. 1
- Alcomaa 20 .
AUouef 28
'," Areadlta 5 4
-Bine. M. 15
CalAArm. 66 Vi
CaiftH. 73
N. Cora 18
aten '1.-10
Cop.Rge. 44
DalyW. 1
. Bntta 10
rrank.M. t Vst
HaneBek S3
Ueiwtsa 1 .
' I. Cr-kUIK 112
heewa'w 2 2
&rr I 1
I Salle 1
Hipb.
Uohawk. 4
Ask.
Vi
a
62
50
261,
4
15
62
78
19
It
4H
S
11
2
a
1 vt
Ask.
, 6
12
6
50
27
35 Vi
8
24
31
1
39
27
46
1
70 ..
1
41
4TVs
50
Federal Bank Loans I,rge
St Paul, Jun. 14 Loans to Northwestwrn
fsreiera by the 8t Paul ITederml Loan bank
, ; totaled l,tt2. in May. The toui amount
; ; . leaned nars the bank was organised in 1917
. has been I2.44.00 up to June 1. "u,
essete of the bank aggregate 72,O60,5t.
, , Fir Iasnraaca rreminw Lowered
Baton Rouge. La.. Jane 14. The avers ze
- premium rate charged lor fire insurance- nek
,- f '" 1 . lull .... -"-'"
'"-:. doue minimise u tiMlctatc . ."
3
Rid.
M. V. c. 4 44
N. Kutte 12
Nlptnssing 6
N. Lake. SO
0. D. C. 26 Vi
:)seoU3f. 24
Obijawa 2 V
lis. Koyal 23
ko. use ai
Supp.Boa. 1
V, S.M1U SSH
do nfd. 28
iOuincyXl. 45
Trin. cop. 1
Too'mne 65 :
Ctah UU l.4
Utah c 3
Ujvlli. 41
do Pfd. 46
C. Apei 2
Victoria, 1
Winona. . 1 i.
lWyaadoU 45
0VERBECK& COOKE
COIiIPANY
Stocks, Bonds, Cotton, Grain, Etc.
316-317 Board of Trade Baildinw
DIRECT; PRIVATE "WIRES
To New York and Chicago
Meraket. Cklcago Board f Trade
.CORRESPONDENT OF
LOGAN & BRYAN
90
0
89
83 H
86
97
89
41
103
100
31111. A. O. 6e . ...iloo
111 do ref. 5s i . .
41 do raid 4S ... 1 MO
6 do pr. In. 3Vis 03
oi do 4s r. u
"A w. v.'., 77H
3( do 3s Swe. . 0
i; Bel) Tel. of l'a- Ts107
Silietn. Stl. 1st ext.
6s "J .... I 99
51 . do ret. 5s '42.1 92
14 do s .... . . .f 08
(Hkirn rU. 78 11.(107
IjBkljn Ktp. Tr. refj
t cvt 4s . . . ,1 ,87
31 do 3a . . . . .) 96
7j do , j 2
Rt do 7s Tr.Co.etfal 78
ft(Bttff.Koch. niU
i con, 4 Vis . .1 90
Rwh T. con. . osj 90
; IjCan. Gen. EL 6&H01
9 jCaau- Nor. - Ts . . . . j 1 1 3
13 1'an. Moe, dt. O Vi si 1 11!
mn. ne, a pr.
' 1 Can C. 4k . 5.
2Cnt Leather ren 5s
8;CP 1st rcf 4s 'i9 S8
20 .'nt ,Ry. Bril 1)6
CjCent. K.R.N-.J.5s107
, SiCerro de Paa ertgijll
SiC. A O. crt . . ! 9 Vi
291 d evC 4w. 4 88
ll)C; Big Sdy Ky'42j 81
l.Chi Alt-rfg3s.J 69
5f do 3 f 48
82ja B. Q. ttsU03
9t do, ref.5s. . 99
6!C. E. L s.. 1 79)
-1-77
5 91
5s) 97
74 Vi
103
9T
93
92
100
114
97
100
o
85
90
90
88
82
86
97
89
40
103
lOO
0
.
aa
o
93
7T
90
107
99
92 4
08
109
105
03
59
62
42
BONDS
i 75
103
97
93
92
100
114
97
100
0
85
90
90
89
83
86
97
80
41
103
99
K6VS
2 4i
BO
93
77 Si
0O
107
9H
92
98
107
I
67HI 6T
! 06
77ii im
7:Obi G V 4a
15(i.'hi IJtLv rtl 3s
l!Chi I A Saa 4a.
ejCilAStP ct4s)
so uj. rt.4HSr A
60 H
96
83
69
63
3 do cvt 5s STB, 74
Bel. j .. ... ' .A.r
! "S -'" L':.
. 4 (C N XT 7. ...
P'Cln Jtr t'o. 5.
,ORlcPn4i
01 do rig 4s i , .
. liChi C Stt 4
5! oo s
20,Qiiu op col 7a
171 da 'Vol t-r . i
. ( BS A V'-LJ. .1
13oI A So rf j 4 Vi !
iJ0l U & 5 S7
2! -do ala HI.
9:Cot4 Coal of kfd 5sj
xosrr ons Kas et 7s..
. SiCuha CS cvtdb 7si
v. -via a, sia
36,'Cnbsn Am Sue 8si
4t'Ra 1st Jn-rf7 s:104
4 11 A Hnd cvt (s.1 i 95
44f do 5s .. i . ,jlO0 1100
, s veiui lap ns ES
- iO do rfg
If GO COB
70
105
61
f2
81
91
112
103
i
9
87
93
94
88
117
84 S
85
1
SOS
90
101
113
111
77 Vfc
91
97
86
96.
107
118
92
87
at
59
48
105
99
79
60
96
83
69
63
74
79
105.
SIS
3-
91
112i
163
o
J-O
99
87
S4
4
87
116
t 84 V
84 k4t.
106 ilO
il3l3
89
11
112
11.1
1 T i
01
97
86
94
107
118
02
S7
81.
69
48
105
99
79 (
a
83
69
2
1
105
81
82
80
91
112
103
v,
-99
66
94 S
94
7
ii;
84
Sales
in
tioeo
IHigh.fl Low. lCIoat,
8 Iet Edi rig 6a-.il021103il02
2:L-t U ivy -is.. 81l lj 81
. 2iL Mates. eo 7 VislieT !I0 J106
6lw de Mem 1 s107 fl7 J107
liDoa X A Paw osil03103
9-- do .7B.....il07106
KiEast By U 4s '36( 89 89
20iK tj a f ev 7 .4 98 8
11 Erie lft CMrii exjl05105 ,
li ,.' tio eren hers 4s, t 53
... li do prior lien 4('63
If ' do crt 4s A.i .J 50
, - If do cvt 4a B'...t .60
lOf do cvt 4s 1). . .1 52
2 1 Erie & Jersey 6s. t
r.2;risk Kub Co 8s. 1106
15!Fra In t db 7s) 98
6iFran Bug 7s..jlO0
8.(o Kl deb s..il06
, 6l(ent Etee deb EI10O
i aSKJoody'r T A U 8!115
S5 do 8s I01
3lrar4 T of Can 7s;113
1) do 6s 1163
2!t No 7s ....... 109
12 do 6 i 99
74'Br B A W db Bf 12
&iHr B K L A P 5,-( 84
2jHk V lstcon4s 83
18 Hoi A m line osi
4 Hud 4 41 rt 6s A
4! do adj me 6s
JGtlTl Cent 5 a. .
31 do 4s . . . .
2 III Steel deb 4 s
lftilnd St ctfs 5s
' 62(Int-M ctfs 5s 4 si
51 do ctfs 4 Vis. .
1861 do4strcoes
32f do 4 s tr co cs
152!tht Rap Tr rf 6s
18! do 6 notes w il
I8iintbr A rt fs '32
217II& (iNvadj 6s '52
Int Paper 5s B . .
20!Int M hi a f 6a.
12rInT Oil 8s.
1 Iowa Cent 1st. 5s.
4 j do rfg 4s. ....
If K"C F 8 A M 6s
111 do 4s '36
1JK C S 5s. .
llKCTer 1st 4a '60
lOIYayser J 7s..., .!
8 Kelly SDr T 8s. .
2 Kines Co ELftP 6s
lILack Steel 5s..
81 do 5s . .
8 (Lack Gas ref 5s
lit, 8 ac M S db-4s!
5!Lelu Val 6s. .
1 Liz A 11-y 5s
5,Lng Is geh 4s '38
8 do ret 4s '49
15!L S 7l ....
51 do, uni 4s
3 do 5 Vis ...
70 Msn Sus deb 7 Vis
OiMan 8 VV & Cltz Bs;
17 ilar Oil 7 s
691 do 8s warrants
lOiMex Pet 8s
7 Mich Cent deb 4s
30;Mid Steel est 5s
6'M&SL 1st rfg 4s
12 do rfg 5j
61 do S3 6 Vis
1
14
57
7
3
32
31. K. & T. 1st 4 si
do 5s A '13 . .
do adj 5s A '67
do 6s C . . . .
II. P. rfg 5s
do 43s
65 do gen, 4s. . .
8 M. P. Co. 1st 5s
1 Morris 4 s
SjXat. Tube 5s. . .
19l.'ew Ery T? 1
I 1 st 5s ser A '5
2iNew Or. Tex. &
Mex. ihc. lis
84.V. Y. Ct deb. 6sl
4b do col. 7s . .
11 IN. Y. C: ft H. R.
I een. 3 . .
7 do 4s . . . .'. .
79 do 5s .
SIN. Y. Chi. & St
L. deb. 4s
83 N. X. Edi. Co.
ref. 6 s
7jN. Y. Uas. El. L.
I A R per. 4s. .
3fN.Y.LAW. con. 6sl
181N.Y.N.H. A IL 0M
do deb. 4 a . .
V.Y.O. A "vV.rf.4s
N.Y. Rys,rf.4s'42
do Tf.4st.c.c'43
do adi. 5s. . . .
N.Y. Sus&W. rf.r,i
N. Y. T. deb. 6s
do gen. 4 s. M 94
90
82"
62
10O
83
90
00
12
12
12
12
68
77
94
.53
86
97
97
79
45
102
78
84
82
104
108
109
lOO
88
92
93
102
98
9 1
77
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91
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98
95
113
120
107 Vi
89
80
93
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80
83
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100
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63
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86
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97
72
103 Vi
105
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84
109
82
90
81
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73
37
37
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67
105
el
103
100
89
1105 Vi
1 aa
50'A
60
51
914
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07
100
103
100
115
101
113
103
109
99
11
84
85
90
82
62
100
83
90
99
11
11
11
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67
76
93
52
85
96
96
79
43
102
78
84
82
103
108
109
100
88
92
93
102
08 Vi
81
77
107
00
104
97
94
113
118
107
89
88
95 I
43
101
80
83
56
94
100
88
63
9C
86
99
97
71 U
102
105
77
88 V4
93
84
Hi 63
50
60
52
91
106
98
100
106
100
115
101
113
103
109
90
114
'84
83
90 -82
82
100
83
90
99
12
12
11
12
67
76
94
63
8
97
97
79
45
102
78
84
82
104
108
109
100
8
92
93
102
98
81
77
107
90
104
97
95
113
120
167
.89
89
95
45
102
80
83
56
04
1100
08
63
96
86
09
07
11
103
103
r77
88
04
64
109 . 109
81 82
99 99
78 81.
56 56
73 73
37 37
37 37
8 8
67 67
105 105
94 94
104 104
56 54
88 88
107 107
90 90
105 165
86 86
90 I 90
8
s
4
11
3
" 5
3
25 do ref s. 104
"lSjN.Y. Ws.AB.4s 54
.. A W.K.K. c 5sl 88
2(N. & W, cvt. 6s. (107
SOjNor. T. E. 6s rent I 91
37(Nor. P. 6s Ser. BI106
23lNor. Pac. rr t 4s'i 86
SIN. States P. Ist5s( 90
5(.N. W. Bell T. 7s106 106 1.06
3 O.S.L. lstegtd.5s!l03 lb3 103
7IO-W It K & N 4s 81 80 81
2P (i A K 5i. . . 9O L0O! 90
3IP R R of M 1st 4s 86 186 86
IIP T A T 5s '37 9& 96 96
39 do ctfs 5s '52 84 94 - t 94
lSIPack Mot 8. ..107 107!107
IIP A P a: T 7s101 101 101
4 7IP L M KR 6s ctfef 81 80 8 1
2 Pa' R R 7s (108 1108 1108
S5 do 5s .. 99 99 90
H do -cold , O Vi s . 1IO0Vi 1 1O0
16 do Oi M 4 Via .101 91 191".
1 IP A K 1st 4s... 76i 76 76
501 do i 4s.. 36 35 36
6'Pere Marq rfg 5 96 96 96
17IPhil Co rcf 6s.. 97 j 064 97
3 'Pierce Oil 8s ..101 10O(100
4IPCC S L 5s sr A 06 96 I 06
AiPub Ser of N J 5s 83 83 83
SiPrrd Sc Ref 8s i. 113 113 1113
llKeadmc gen 4s.. H4 I K4
21 8. A F. pr lien 4sJ 71
16 do 5s B ...... ( 85
23 do adj 6 '55. 78
311 do inc 6s '60. 67
5l do gen 5s . . 95
4 (Stt L. S. W. T. 5sj SO
., 4iHPAKCShL 4s.f 81
8!S: A. I adi 5a. .) 23
l."! A L eon 6s, . . i 58
88iSin C Oil 5 a. .( 08
72!Sia Oil crt 7s.104vi
871 do 7- recta,..) 98
3l8ha Steel Hoop 8sf- 99
418 Porto Ri Su 7s( 98
2!Son Pac cvt 5s. .1100 r
161 do cvt 4s '29) 91
P do rfg 4s '55 87
7l do col ir 4s reg) 86
21 do S f Hem 4sl 83
82ISouth By con 5s. 94
18 da gen 4s.. , .( 66
81) do 6s.. j-.-it 99
OlStand Hill 5s. . 96
81Sta Oof C deb 7sll05
3! Steel eV Tube Ts. 1100
81 Texas A. Pa 1st 5s) 05
SlThird Av -rfg 4s. 64
It do ij 5. . . . . aS
4ITide Oil S. .. 102
4Tol S L & W 4s 71
,4il n Bit A P 6s 97 .
3 'Union Pic G . . 104
85( do 1st 4s. '47 01
22v evt 4s. '27. 04
01 do tef 4. 'OS 85
3Ta Tank Car 7s. loa ,
Tfl ni. Dre, 8s. ; , . 110
Sif'ni Fiwl Gas 6sf 98
H S. Hoff M.8S109.
ll!'Cn S of Co 6s, cf 95
2tU S Bub 7s . . 107
25) do ' 5s . . : . J 90 :
28I'. S. Steel s f 5s lOS
6,Va-Ca Cbera 5 90
5 do d 6s 99
49 do ' T ... -(105
01 do7 rrt serA47 98
7(Va. Ry 5s. . 94
7IT Cms 4sJycp 88
2 XYaaaab 2d 6a.. 85
ffjWar S R 7s, 41 99
3 ; West Kl. S2.... lOO
' 9;west Md 4 63
j:iwst. ric it .. 7
2iiw. it. e .... no
22(Wtnehse. Klec 7106
WftrrL t I. It
I " !.- 4Vis.i...
3!WHsou 1st . 41
lOl do crrt 1!8,
151 do 7s '81
71
83
78
66
95
79
80
25
57
98
104
98
98
98
100
91
87
86
82
04
66
09
96
105
100
95
64
08
102
70
97
103
91
03
85
102 W
109
98 "
100
05
107
89
101
00
99
105
98
95
38
SS
09
10O
63
874
109
106
6TJ 6T
8 98
92i 0Si
10X(lO2
BTANDsARO OIL fSSCFJ?
8!00:Ang)o Am Oil. . 23
lfOOlAtlantio Loboa. 11
lOOlBuckeye P L. . . . 92
' lO'Enreks PL 95
10 Ja Si Oil. . . .( 58
10 Ob Oil 82
847:Imp Oil of Can. 114
18700jlnt Pet Co Ltd.) 23
3 .-;. x iransit. .fi9
lOtPrairie Oil A Gas 60 8 -1
fiio: Prairie P L....I268
SSOO. Stand Oil lad . . .1 1 1 1
SlOOitan Oil Ky.wew.l 97
958tand Oil -V V. .422
20Vscautn Oil ...141
.leOOlAm Exploration., , 2
84
71
85
78
67
93
80 .
81
23
57
98
104
98
98
98
100
91
87
6
83
94
66
09
96
103
100
95
64
58
102
70 .
97
104
-91
04
8-1 H
102
HO
08
100
95
107
0O
101
99
99
lf5
98
93
38
85
90
10
63
87
110
106
6T
118
02
102
21 22
' 10 11
i 92 . 92
95 & '
58 , 58
82 83
119 112
22 23
'171 171
608
255 265
ie 110
a- -T
417 420 -
414 414
2 i
' ltaUrosj to TTs Gasetiae 'Motors V
Plritadelrhm, Jane 14. Too Pbiladeiphia
Keadtng railroad will experiment vita gasoline
motor on one of Its short iine. ia addioon
to I third rail passenger line from the sea
shore to this city, the Pennsylvania, -railroad
operates suburban passenger trains oa two
Imes ay overhead eleetneai , apnaratas. -, Tne
lata- Oeorge Bear, wniie president of Um
Keeding, tavered uw edertnuaition of jua
aubarbaa lines, , - v , k .
ossira ettisrens ana Dusin-ss men
liaoji
ir 5s 'j 8a (82 t 2 i bav ratsetl nuffieient money to guar
5a "55.. I 47 4T 47'ntee a Chautauqua in tnat city from
4s 77 V. 77 77 June SO to J-uly 4,
WORSTEDS PRICE
.RISE EXPECTED
New York. June 14. 'Woolen nunnfart nrers
In this section are expected to follow the re
cent additional' price: -advances- in - .worsted
goods for tall, made by the Assexicaff 'Woolen
oomnaay. These advances have been thor
ouhiy expected is the trade.
COTTON '. . ' " i
. - Eoston. ione 14. The eolton goods com
mission merchants are of -the belief that a
sharp advance io. the price of cotton goods is
Ineritable in the near future. The advance in
raw cotton, they say, make this obligatory.
It fa the belief - here that cotton is hkely to
aclli. even higher before the -year is over.
PAPER f
,: Cloquet. Hi on., June 14. The Siera Ho!
men St Schaffer company of St. Paul hse
been awarded a contract to constroct a new
3500,000 paper mill here by the Northwest
Paper Mill company. This new milt will dou
ble the capacity of the Northwest concern.
- STEEL
Birmingham, Ala., June 14. The United
States Cast Iron Pipe company, which has
just purchased 50,000 tons of foundry iron,
is near capacity in its. four SouUiern plants,
with large tonnage orders on the books.
Pittsburg, Pa., - Jnne 14. Sheet steel
ranges hi base price here from 33.30 to 33.50.
Blacc annealed la quoted at $2.40 to $2.75.
Boston, June 14. The steel mills of New
England continue very active, with orders on
hand well into the third quarter.
LIVESTOCK
Miles City, Mont,. June 14. The condi
tion of livestock on the Montana ranges is
excellent this year. The nerd increases will be
thoroughly satisfactory to growers, they re
port LEATHER
Boston, June 14. Shoe msnnfacturers are
showing a disposition to make purchases for
future deliveries in the first time in two
years.
JKWELRY
New York, June 14. Buying of graduation
gifts has stimulated the retail jewelry trade to
a 'noticeable extent since June I. - Heavy buy
ing by retailers throughout the country is ex
pected in preparation for next fall and winter.
COAL
Ihiluth, Minn., June 14. Soft coal prices
hsve ineeeased $1 a ton as a' result of com
petitive bidding by the steel corporation and
the railroads at the head of the lake. The
supply of bituminous eoal unsold here is down
to 600.000 tons.
DRYGOODS
Pittsburg, Pa., June 14. With the warm
weather, there has come a rapid advance in
sales of -summer wearing apparel by depart
ment stcres here. This is especially marked
in the sale of men's lightweight garments.
WALLySTREET STOCK QUOTATIONS
Reported py Overbeck A Cooke Co., Board f Trade Building-
OIL
Pittsburg, Pa.. June 14. The advance in
the price of Pennsylvania crude oil is accepted
by business men here as an indication of
better industrial conditions throughout this sec
tion. New York, June 14. Gasoline is strongly
held at 27 cents a gallon, tank wagon price,
and there is little probability of a reduction
within the next two months, dealers say.t -
PEAXUTS 1
Norfolk, Vs., June 14. A depression in the
peanut market in this section which has pre
vailed for some time nhows little improvement
because of conllict between the competing mar
keting factors. Jumbos and fancies sre report
ed to be stored in large Quantities in various
Virginia, -warehouses.
FISH
Halifax. N. S-, Jnne 14. Nova Scotia
business men are endeavoring to induce the
Canadian merchant marine to place a vessel
on the run between Nova Scotia and New Eng
land ports to carry Nova Scotian fieh to the
Boston and other New England markets. It
is declared that such fish could be sold at
extremely low r rices.
3 3-4 Victory Note
Interest Ends Soon
Pumi ant to the call of the government for
the redemption of the 3 per cent Victory
notes June 15. 1922, tomorrow is the last
day that this security will earn interest, ine
Government Is anxious that these notes be
turned in st once for redemption. Par value
and accrued interest will be paid rk any of
the financial institutions in. the city.
Thursday. Jane 15. is also the date on
which the second installment of the federal in
ecme tax is due. Those who do not remit
DSTtnent in time for it to be received by the
collector of internal revenue by midnight
Thursday will be subject to a penalty of a
per cent and the balance of the tax become
due an coT Tctible immediately.
(Wall Street Journal Financial Review)
:ew York, Jnne 14 (t;. P.) After
a decline of eight caaceeatlva days la
tadnstrlal averages and of 11 consee.
atiTa -days la , rail arerae;e, the f la
ares of Monday's close stodd at 90.7S
aad 8LS1 respectlrely, or .8 pelats
aad points, respectlTelr below tne
recent hihs. This was the bierg-eat
reaction ai ace the primary ball more
ment set la last aatamav Indastrlals
and rails at the close 'Monday were
below the arerases of two months
ac-o or, to be exact, of April . All
that was a-aiaad la tne spaea of two
moBths was lost la eight days by la
das trial a aad 11 days toy rails. Tae
ladastrials at their receat alga
showed aa advance of 32.51 poiats over
the Iowa of lasr year, white ' at Ki
day's close they showed a reaAloa of
.8 poiats. Likewise the rails at the
receat hlybs were op 4L31 points from
their 1921 lows, - while at - JHoaday'a
close they bad reacted MS' points.
- WhatcTer theT Immediate Bat are of
the market Is to he, a five point reac
tion la both Indastrial aad raU arer
asres proved sufficient to correct the
technical position of the market for
the p reseat, aad stocks eontlaned to
recover . throag-hoat today's session.
8tadehaker8 sharp a prise aad the
prospect ef .aa extra Z dlvldead were
the oatstaadlng- features of:. the rally,
while active ladastrials-sach as Mexi
can. Petroleam, Bald win. Steel Com
mon, Cora Products .Bethlehem B aad
General Motors ; scored sabstaatlal
galos. "
la the final trading Stadebaker ad
vanced to 1243( ap 8 points from the
week's low. Prices la tho general
market took ' heart from this display
of strength and closing levels were at
Tlrtnally the highest flgares oa tho
earrent recovery.
.3rat3oaat railways of Mexico also
showed strength, rpeferred Issues
moving ap on reports that the United
States was about to recognize Mexico.
ew York Central, which sold off
from t 91 to 8( when directors
failed to Increase the dividend, ral
lied to 90, while Reading and other
rail leaders showed Improvement.
Sales. I Stock.''
I High.
Sales. Stock.
High. 1 Low. Bid,
300 1 Advance Rum .
500jAgr. Chem. . . .
fiOOiAjax Rubber . .
20OlAUska Uoid . . .
IMOOfAlaska Juneau .
600 Allied Chem. . .
600 AUis-Chalmers .
100 do pfd
500 Am. Beet Sugar
500 Am. Bosch
2b0O!Am Can Co
100J do plL . . . . .
4 0UAm. Car tt Fdy.
4U0jAm. Cot OU .. . .
do pfd. ,
lOOJAm; Irug Synd
!Am. H. & L. . .
800( do pfd. .....
300iAra. Ice
3-IOOiAni. Intl. Uarp.
SOOIAm. Linseed . .
10O do pfd
18
40
13
1
0n
48
93
45
44 '
47
106
165
37
5
"tso"
106
45
35
55
IS I
89
15
"
1
67
47
5
44
42
46
106
163
26
is"
164
43
34
55
18
39
15
1
68
48
93
44
43
46
105
163
26
56
5
14
68.
103
44
34
54
ICahf Pet
.,...) do pfd. ......
1700 Canadian Pac
1 800 Cea Leather , , 4 .
800 Cerro de Pasco . .
SSOOlChandler Motor, .
2300IChgo & I W . .
aOOlChgo lit W . .'. .
, 200 do pfd
4600t:hUi Cop......
IKOOiCbino . -. . . ... ...
16O0(C M St P . . .. .
2600 do pfd
9400Coca Cola
eoojc & 0 , . .
8O0Colo F A I
2 00 1 Colo southern ..
1200Col Uae A Klec.
lOOOiColurobla Graph
2500Con Has ......
5UOCons Cigars ....
SOOjCkmtl Can . .
. . I Cities Hve Ukrs. .
SlOOH Iorn prod t . . . .
I'osaen uii . .
O K I A P
do A ' pfd
do B pfd ... .
4 3O01Crncible . .
do pld ......
Cuba Cane ' .
-do pfd ,
Cuban Am Sugar.
Itel dc Hudson . .
1400llome Mines ... .
4T)0ltel A Lack . . . .
58O0l)aison Chem ...
1000!Endicett Johnson
400!Erie . . . . . . . . .
lOOj do 1st pfd . . . .
2400Klec ntor Bty . .
2000 (Famous Players ,f
. . . . . F M A 8. .... .
2001 do pfd
1-200 1 Fisk Tire . ,
I Gaston Wms . . .
800ien Cigars-....
2200IOen F.lec
32300IOen Motor
200 do 6 p c
12800 Oen Asphalt . . . .
700 troodncU ......
lOOOIUbdden Paint ...
1 1 1 OOfOranby
17oajfi N Or ......
9 O0 1 do prd
lOOIGrcene Csnsnes :
7C0Uulf B Steel . . .(
158O0
2800
100
500
3000
170M
2200
17
02
ISOOjAm. Toeo. ....1110
. loof do pfd. ...... ills
SOOiAia 48af Razor .A
HfOOjAm, Snip-. Cemj 21
2300;Am Smlter . . . . 60
SOOj do pfd. . . i . . 08
170,Ata Steel Fdy . . 37 .
24001Am. Sugar 79
tiOOi do pld. ,...103
aooiAnt. Sumatra . . .1 9 7
ISOOjAm Tel Tel,.123
' 6001 Am Tobacco . . -1 1 40
BOO do -B',' 11374
4700 Am Wool . j,. .. 93
. . . i . I do P pfd. . .
lOOlAm. Eina
3300 Anaconda.. . . . .
,..i.(Assd OU
1260 Atchison ., .....
100 do pfd. i
200 Aa Coest 14ne.
- 4100 AU Gulf c W I.
10300 Baldwin Loco.,1.
". . . . . do- pfd. . t .
80O Balto A Ohio . .
. . . . . do pfd. .'. . .
900 Ramadell Corpn .
4400 Beth Steel "B ".
2300 B R T
"400;Butte C A Z. .
200, Butte A Sup . . .
lattOlBums Bros . ..
ISOOiCaddo Oil e. ....
3 00 1 Calif Packing . .
4 ZOO
Low, t Bfct
tlO
US -6
0
69
"97
36
77
111014
lis
2
59
98
3
78
08
01
103
38
112
47
88
77
a
7
28
133
12
75
62
is 7
28
37
74
To
8
20
2U
20
25
41
5
64
ao
46
85
5
118
31
65
102
48
41
03
79
71
18
35
24
30 '
124
50
82
15
23
43
83
49
10
'ii "
166
14
82
01
40
16
20
39
T6
32
75
163 103
86 36
122 122
139 139
136 137
91 01
ir
51
91
103
87
iii
'46
'. ;
37
76
23
7
27
130
13
73
61
136
37.
86
72
(75
r
3
20 .
29
23
40
63
64
80
44
84
4
117
31
63
102
4.7
41
03
70
69
i
34
24
29 " '
123
49
81
14
22
42
82 1
.... I
49
16
73
164
13
81
69
40
13
28
89 '
76
SOk
4 1
28
IT.
52
117
98 91V.
103
38
112
110
47
60
37
76
23
7
27
131
12
75
81
93
186
37
36
74
76
x 8
20-
20
.20
25
40
65
64
80
45
84
4
117
31
65
2
102
48
41
93
78
70
02
16
34
24
21
29
128
4U
81
14
22
43
82
11
49
10
Vi
73
16.1
13
82
61
40
16
28
89
76
31
74
Pales, f Stock.
t High, f Low. 1W
. - . . . Kilen- AMeii . . . . .
1 SfOillouston OU ...
43O0.Hupp Motor .....
800:111 Cent-
leovjlhspiratioa .....
, - . . . lot Agr Corp e , .
.....f do pfd .,,..
. 1 706 Interbank
800 do pfd
70lIntt Csllahaa , .
i-. ...lint Harv
SOOOjlnt M M ' ,.,
72AO do pfd .......
" 110O lint Nickel ......
llOOJInt Pair .....
. . .f do ptd . ... ..
24f.iIov Oil ........
. 230Ojbiand Oil ......
300, Jewel Tea, ...v.
800 K C Southern ,..
. , ...i do ' pfd. . ...
280ftjKeUy-Spgfd. ; v..
2400jKennecott . . ... .
8 900; Keystone Tire ...
700!Lack. steel ...
v 200 Le Tire , . .
16O0!Lehiga Yalley .
, . 400ILoriilard . . . .
400Loew Theatres ..
100
4700tMaxwell Mot "A"
6100
100
S7200
1100
10100
8000
L. A N.
do -'
May Stores .... .
Mex.;'-. Pet, i ,.'....
Miami . .......
Middle States Oil
Mxtvale Steel
1900iM. K. A T-w i
800
200
2400
1000
1300
46
1S7O0
0OO
do pfd.. w t .. ;
Mont Power- a
Mont-Ward . . .
Mo. Pac. . ....
do pfd.- ....
!B.SCtP.&S.S.M.
Marland Oil . -Martin
eV Parry
Nat. Enamel .
- 500 1 Nat.. Lead
500 Nevada Oon. . . .
1450 New Haven .
' 500 Norfolk A W. . .
. 800 Nor. Pac
200 Nova Scotia Steel .
100 N. Y. Air Brake.
16000 V. Y. Central...
600 "Nor. Am. . . , ; . i
2000'Okla. Prod. ref..
v - . (Ontario Silver. , .
. OOlOntario A W. . . .
800(110 Steel .. ...
- ROOtPactfie Dev. . ,
600!Pac. Gas A Elee
lOOOiPunta Allegre ..
17100iPacifie Oil . . ..
5300iPan Am., Pet.
75
19 -
04
40
.' .' .
a w
s
76
90
04
40
1
,
104 1104
23
81
IT
48
"i
1
18
24
47
84
17
TS
30
64
155
15
11 7
70
24
113
140
29
14
84
IT
38
60
21 V
21
53
44
32
40
- 93
17
29
1A6
75
83
73
91
62
3
3500(Pan Am. Pet B
1600 Penaa. , .
. . Peo. : Gaa
1600 Pere Marquette . .
3500 Pure Oil
11500Phillipa Pete ...
28O0IPierce Arrow. . . .
4 7001 Pierce Oil
9001 Pitts. Coal
II 00! Pitts. A West Va
200lPressed Steel Carl
soiilimttman
lOOOIRay Cons
33001 Reading
(Remington . . . . .
2300IReptogle Steel . . .
6700jRepub. I. A, 8. . .
2600 Rep. Motors . . . .
5300Ryal Iutch Oil. .
IRy. Steel Sjg.. ..
iHtand. Oil Ken. . .
800ear Roebuck . .
SOOIShatturk, Aria. . .
SOOfShell T. A T. . . .
78700JBinclair .......
. . . : .fStand. Oil Ind. . .
1500) do ST. J
400Rloas Rhef . . . ,
5400Sou. Pacific . . . .
2000Sou. Ry. .
5900; Stand. Oil Cat..
SOOOiSt. U A S. F . . I
I 23
13
0
69
50
61
69
63
41
30
31
53
20
8
68
37
U
fll?
1 1
73
33
70
13
61
T.
75
0
41
85 I
in
21
T7
16
43
15
- 1
18
24
4T
34
17
71
30
64
154
'15
117
68
23
113
137
28
18
83
IT
37
68 as
21
21
63
42
S3
48
93
17
28
10.1.
74
32
75
89
01
3
75
82
T5
90
62
8
A ''
24124
12
8
60
4(1
60
68
82
41
30
31
62
19
8
3
36
78 U.
119
16
72
32
60
12
00
05 "
7.1
0
41
88
187Jl83
43
80
22
t Jin Ti
27 (
42 it
87
22
i oa u
;28i
Til
76
"O
,104
40
16
38
1
-8
, a l
104
21 -
78
16
48 -
85
18
24
5T
47
34
17
71V
80
64
134
13
117
69
34 U
114
189
28
14
34
17?
87
69
21H
21
58
36
43
82
48
93
17
29
18
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76
49
61
60
63
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83
80 Vi
81
r8
20
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63
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77
119
16
78 -
36
32
70
12
60
102
96
73
0
41 k
fS4
108 110
186
42
88
29
109
26
Sales. J Stock. -
j H.tli. J Low. I Bid.
( US 1
.( XJtytt 31
.il37136
,1 31 i 87
l-.-.-l
UOOIiStrtimbere lirn. I 49 i. 1 4 7
10000wituueraer . . .xjtj.i 7. (119
lwiii Co .'....(...
1000,ienn. Co A Ca. 11 f 11
lkaooriexaa Uu ; . , . . . 4-i 46
;l4wuieiuM -a i as-iai 8
460U)rx. pac. C.eiO.i :( 7
1700,100. t-rwhc..,,,t 7-( 73
, -wwv L(a, VtHil, Mil
loooilnion ; on lti
S30Vtuua lac. ..
,( XVOIlmted AUi.y v.
. . . , .lUilea Jlnu
IsuBiiiuwd 1 00.1 Pd,.i i 8
svuitsiwi elruit ilSUtailSS
0O,U. o. C. L Pip.. 33 SI
.....(leiou jt. ...
45llO,L'. netail (ttoive.i o4 l- 68
2300lL'.&.tiHl. Alcvttoi.i 53) 62
... o. uau. , , .'
i do Bid. ....
C it , meit. . ,
23IOM1L.'. e. tHt
lot, do- pitt . . . .
lOOVjCua t'otiper...
OOOla. Cuvaa. ...
00( do p.d, . , . .
Suuoi V'eiutUiuiu. bteel
70UVivaaduo v..-. .
- 10OOt abah . . . . .
IttOOi do A pld ,,
, luUeila-e'aro ..
: av( vievbern fac .
. . . . . I dw prfi. . . .
- l4vWetuu Untott
. . . . . V esunghuuse A.
3300j.ui K. A M.t 00 39
i vmiiiw an. ;. ;,.,) s l vs 1 11
110o(W bite Ms-tors .. in 40
1 1 001 Miiija-ttvenand . J e. 8
3O0 do pld. ,vt,,, 4llt 44
400WUmu S'accing ,1 43 j 4U
. . . . .(AViMSunsin tiaa . .. . , , .. . . ,
, . . . . I M uoiwurth . , . . . . . . j. . . ,
4OiWortn. iuaaa ,-l 5l 51
3tU0;W. erl . . . .1 14( IS
5U0ihit Oil ......i 9 V
L'OOUjWhiU Eagle OU. 26) 24
Money 4. 3, 4.
1 out sales suicss, 980,200 shares,
'loiai sales buuds. lO.aSS.OOO.
i 4w
il231
ilUU
I lla
1 47
i 28 Va
I 27
1H
16 Va
31 ta
Utt
7
74
. 61 I OO
. .t. .
..1 41 40
.,1 99t 8
. .(lie 11
. .1 I 04
. ,i 32 I 81
-I 6 6It
..1 12l 11
.. 13. t 11
. , 1 ui s
. .1 17 I 77
. .1 21l ltt
I l-.-.-l
06 I 98
"1 1
18
I 31
1 ;
t 64
1 63
I 61
,le5
1 40 , r.
I 00
tllttVa
4Va
31
68
1 12
13 .
1 29 .
-1
7T
20
61
08
03
60
11
60
8
43
44-',
28
(137
I 51
t 14
I 9
I 28
BA5K STAl'lS.MENT OF COAST
Cleaiinga Monday . t
litaiuje Mouuay .
Clean ngs Tuesday
Balances Tuesday .
Clearings Wed . .
Balances W ed. . .
Portland Banks
1923
6.087.81
1,203,024
i,433.833
764.666
6.400,418
794.714
1921
7,809.044 it -
2.010. 910 "
6.184.03O :
641.200
5,350.487
810.614
.$ 2.933.000
. 8.238.08O
. 3.746,018
Taeoma Banki
Wednesday's transactions ....
Seattle Banks
Clearings Wednesday .......
Balauces Wednesday .......
San Francisco Banks
Clearings Wednesday ......... 822.700.000 .
Oakland Banks
Clearings Wednesday ..$ 1.727.TOO
Los Angsts. Banks
Clearings Wednesday ......... $17,033,510
. Foreign Kxebange Market .,
New York, June 14.JtU. P.) - Sugar,
easy, - Raw, 14-ftos 4.61; refined, steady;
granulated, 5:ttO6.00. '
tottee-f -o. 1 spoi nio. iiawnss.
No. 4 Ssntos. 1414c.
Foreign exchange closed steady.' Sterling.
$4.47 6-16; francs. .0888 ; lire. .0490
. nna' imiun 21K7
'. : tf
' , Money and Kxebange ,
New York. June 14. (I. S. S.I Call ,
money -on the floor of the New York Stock
Exchange today ruled at 8 per cent; high. 4
per cent; low, 8 per cent v ' .;:.'
r Time money wai Quiet Bates were . 4
per cent . - - .
The market for prime mercantile paper was
Quiet.
I'lB money in Indon today waa 2H per
cent. Sterlina exchance wa. quiet, with busi
ness in bankers' bills at 447 - for demand.
if5
American Institute
Of Banking Dance
A large number of bank officials and
junior bankers will gather this evening- at the
Multnomah hotel to listen , to an entertaining
program and enjoy dancing at the invitation of
the Portland Chapter of the American' Institute
o; Banking.
The main purpose of calling the banking
fraternity together is to inform them of the
progress made m. the necessary details involved
in arranging an interesting- and instructive
program for the visritinc .members of the A.
I. B., who will attend the national convention
that will be held here the middle of July.
end to enliven interest in the coming conven
tion. It is the ambition of those arranging af
fairs to make this convention the best yet
All in dictions point to a large attendance.
NEW INCORPORATIONS
Salem, Or., June 14. Articles of incor
poration were filed with the - state earmn.
lion department here Tuesday as follows:
n roadway . sportsman s Shop, Portland.
$5000: J. W. VVaterkonse J H Witonn ami
Emma Peterson.
Interstate Seed Growers, Tne, Portland.
$5000; Arthur Bowman, J. E. Larson and
B. E. Haney. -'
Independent Oil company of La Grande.
S4O0O: Juims Boeanh. r.. f Smith
W. Bunting.
Olympia, Wash.,- June 14. -The following
articles of incorporation; have been filed- with
Secretary of State J. Grant Ilinkle;
D. Vi. Thomas. Inc., of Seattle, capftal stock
$40,000: Il W. Thomas. E. I. MoKay. An
drew Dalcleish, Otto Oeisert and Edward D.
Sulton, to, engage in a general merchandise
businea. and to carry on a brokerage tsaScom
mission bnsiness of every kind.
Trunkey A Sons of Belliogham, increasing
capital stock from $10,000 to $23,000.
Moses Lake Water
Neppel cajiiul stock $50,000; R. F Petti
grew, H. H. Smith and Daniel . T. ' Cross.
Moaea Lake Land company of Neppel. capital
stock $250,000: R. S Pettiaxew, atuart lie-
Ata.: iiAsej ai uaa AsaRici i, rOSii.
Yakima Valley Sjiray company of Yakima,
capital stock I100.000- F h KnhMK. 1
a rliimrmrey S, 11. McKee, C. H. Swigert
auu aa.- ju. ,
JekKn A Cltrk of Spokane, tomarinr cap
ital Attack from 10,000 to SIOO.OOO md
aswu.ua aaauaxaa HI K rf . S-nXa ffling f"piny.
BUSINESS BRIEFS
1 itiuifcfpwii f?ne?r, c rte company
wi.s,m.u msv? acHM IAS C IS-X (J aiTKM'lVIS OJ SJ
hmhb ob uts ssemizion tns j i . 7 on tae pre
ferred stocks, -xxLfbi July 1 to stock of
New Offering
Logan
M
$422,500
wnicipal kigatioE District
Logan County, Colorado
Serial 6 Bonds
DATED June 1 , 1911
Principal and semi-annual interest (June 1 and December 1 ), payable at Chase National Bank,
New York Gty, or through the offices of Freeman, Smith & Camp . Co.
Denoirtination $500.
Exempt from Federal Income Taxes. No ownership certificates required.
DUE Serially
The revenues ef the British government in
the week ending June 11 were 0,803.327
pounds and expenditures 9.963.833 pounds.
CMfee was oaoted: Jury. $10.11: Septem
ber. $9.93; December. $9.69; March, $9.58.
Sutmr: - inX1- $2.80; September.
$3 02; December.-$3.13; llarrh. $3.10. ,
Refiaed sugar:. July.- .25; September.
$6.33; December, 88.40. , .
- Commencing with the . quarterly payment
do July 20. Dnag Mines' dividend tmte will
be increased front SI to SS oer annua. Xns
sribotioa of a capital repayment of $1 a share
la contemplated before the end of th ,.
A dirideod of 60 ctat vas declared jester
dar. The last previous dividend waa 25 cents.
It 1 nndecetood . ibat tn mi-tiinm
inoependent. shareholders f - 1im &Mni.MM,
heea denied by Judge Wasaervoeel, the case
Will be - carried by the indeoendenta tn h.
appejjite dirnuoe.
The Air Reduction eomiAnv ibrlaial .
regular ouarterlv dividend . md ti n. ki.
July IS to crock of record Jane .30. T
7 Independent steel comaanies are -rmnrtmJt
to be holding- bars, plates and shapes at $1.70
and $1.73 a hand red pounds and one Buffalo
producer is quoting 2. Some nakm, nmnr.
a falling off in orders, doe to some extent tn
inabuitdr to promise deliveries.
$29,000 June 1, 1923; 9,9.76
34J000 " 1924, " 99.S4
38,500. ' 1925, " 99.33
43,500 " 1926, " 99.13
48,000 " 1927, " 98.94
Maturities and Prices
$53,000 June 1,1928 98.77
62JS00 ' " 1929, 98.60
72,000 1930," 98.
i 42,000 " 1931, " 98
s.
io xieia
To Yield
vam 1 fV.
44r(wJL-o
.30 VU4
These are old seasoned bonds, the unmatured portion of $468,000 issued in .191 1. originally purchased by . a
large Colorado institution and held for its own f investment until bought by us. They are a prior tax lien con
current with other general taxes, ranking ahead of mortgages and other private liens.
There are 13,725 acres of irrigated lands, all under cultivation,; directly taxed for payment of these. bonds, a
prosperous conimunity of 3600 immediately adjoining the city of Sterling, with a 1920 census of 6415,
The average value per acre is $125. The bonded debt per acre is only $32.35. - ,
The district is all cultivated, and has been farmed continuously and profitably for over 25 years, and portions
for more than 40 years. It has excellent schools and good roads. The Lincoln National Highway traversing
the district 15 miles is now being paved the entire distance. The Union Pacific and Burlington railways run
through the district. It is served by sugar beet dumps and shipping points, at seven stations. ,
Taxes for payment of principle and interest of bonds are levied by the County Commissioners and are r :
collected by the County Treasurer at the .same time and together with State. County and School taxes.
The Great Western
Sugar Company : in
1921 paid to grow
ers for beets from
1 0,091 , acres ; tribu
tary to their j deliv
ery . stations within
the Logan .District
$652,092.
Financial Statement
Appraised value, farms only i. I . . . - . .
Assessed valuation
Total bonds issued -.1. , . . ; .
Unmatured bonds outstanding. . . ..... .
Bonded debt per acre
Average value of land per acre. .........
Maximum annual tax per acre ....... 1
Net irrigated acreage, 13,725 acres
. Population, 3600
..$1,715,625.
.. 940,810.
468,000.
444.000.
32.35
: 125.;
5.68
Under- the law- es
tablished by deci
sion of United States ,
Court ; of Appeals -'
these Jbond are the
general obi i gatioti
of the entire district.
- ' ' ' " Legality approved by
; : WOODsfifOAKLEY. Chicago. 111., and by O..W, WATERMAN. Denver. Colo. ;
Prices:! as shown above, to yield ; Income Tax Exempt
: - ' . Telephone or telegraph orders "colleci. - ?
? " w
.- .- -si:-' jtt W. .-. v, ' 7..' ..-, .,
Fireman, S
MITH &
Camp
4
Tlrst Katloaal Baak BaDdlar , Vaa Smj Baildioar
. SA3C 'RASCISCO . 1,08 A5GELE8
. Wouglas S1S1 . STaia 4183 .
Go
Syndicate Ralldipg- I.am her meat Balldiae
" OAKI.A5D J. ' PORTLAND, OREUOX
Lakeside 72$ Broadwar
a
t
J)
, The information aad statistic contained herein are those upon which purchased these bonds. They -were derived from sources we deem raliaila.
v-- . and, although, not guaranteed, are accepted by us as accurate.