The Oregon daily journal. (Portland, Or.) 1902-1972, August 09, 1922, Page 14, Image 14

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    14
THE OltEGON . DAILY . JOURNAL, PORTLAND, , OREGON.
WEDNESDAY, AUGUST 9, 1S22.
EARLY STOCK- MARKET
LOSSES
STOGKSSTANDUP
WELL IN TESTS
Jock
By Stuart P. Wart
V11 Stmt.. New York. An. Tha
market continued today to pw proof of J the
strength cC Its present position as H ba re--.,,..
peatedly dunnf all ahe
I' - 3 Had the WaH street it-
f w-"'. "S nation been in l the
r
i .
I
t least sensitiTt H could
- .'A Tr fleet tb uncertainty
" X f what Fnrkv a I eon-
kataaall 1 tHU
s;veei j -
"V3 the heads of the Uther
"tTiS railway union I will
r tfm bring forth. Had
' Unrkl bMD IB J WDSl
jas "weak hands' the
. sensational ji i u jj u
from 'WasiunctnB t o
I brine receivershipi pro-
leeedines against roads
Icqnfessinc their Iria&n-
I ity to more their iquoia
I of coal, would surely
have brought about a
ware of liquidation.
-5 Lottet Ara Regained
As U was the railway shares had a maximum
less in the first hour or so of a half I point
ta a point rhen the selling- ceased and
even the alight losses were partiaHy retraced
- In the afternoon trading. The weak spots
; which had developed among individual Stocks
in Tuesday's market did not reappear, i On
. the contrary there was consideubte short cot
ering in the mot--.- the rubber and. tire and
other shares which had been the object of
. professional attack on previous days. Mean
: while the railway equipments gave a further
display of strength, the steels and coppers
held steady and stocks of companies stately
interested in gal . and electric lighting leither
equalled or surpassed their previous highs tor
' the year. I
Stand Labor Uncertainties I
Nothing in , the financial situation of the
day equalled in point of interest this trial of
the stork market's ability to stand up against
the labor uncertainties. The foreign ex
changes continued to decline with French
franca off nearly a quarter of a cent! from
where they were selling when the Condon
conference began. The main interpretation
of this weakness was that it reflected skepticism
as to whether the German reparations amd inter-allied
debt questions could be satisfactorily
iwttied with such radical difference existing
between the British and French point of view.
Possibly there was some connection between
the fail iif exchange rates and the extraordin
ary showing in Tuesday's report of August crop
condition. This points to an unusually abund
ant surplus of wheat and corn aTailsble for ex
port and the reading of the situation is that
Europe will turn to the American market
for a larger extent than it did last year and
will consequently hate larger equipments to
finance in. the exchanges.
Crops Big Factors
As -a matter of fact the promise of Jumper
grain crops, with all that this implies for the
buying power in the farming states, and the
Closely related volume of railway tonnage, was
more of an influence upon the market of the
day than was all the alarming talk of "crLtis
and catastrophe" in connection with the: trans
portation strike. As the session went an, rail
way stocks not only regsined what little loss
they had had in the forenoon, but in a number
of instances developed rather remarkable
Strength. Especially was this true in the three
typical roads of the Northwestern wheat terri
tory Great Northern, Northern Pacific and
hicago A Northwestern and of Union Pacific,
which reached a new high figure for 192.
Steel Not Affected
With the indications still favoring the ter
mination of the coal strike, even the steel
shares refused to take alarm at the picture
of - increasing stringency and closing down of
plants which the trade journals drew in their
weekly reviews of the steel industry. Bo far
as current profits are concerned, such Curtail
ment of output as the steel companies have
suffered from the fuel shortage baa seemingly
been counterbalanced by the rise' in iron and
steel prices. r
The market was at its best entering the
final hour. Toward the close prices ; eased
off somewhat following fresfan&eUina: of Mo
tor and Tire stocks, but at tBe end tie list
. as a whole was steady. I
IN - THE; 1
FOREIGN EXCHANGE RATES
Corrected daily by the foreign exchange de
' partment of the United States' National ; bank.
Quotations below . (except the pound: ster
ling) are quoted on the basis of 100 units
foreign currAcy. i
Opening nominal ratea on bank transactions:
Draft Cable ' Par
London , (hecks. Transfers. Value.
1-bs. sterling, 8 4.4 5 t $ 4.45 $ 4 886
r:r ',- raris Francs. .. R.07 4 8. H 19.80
' j. lielaium Franca T.B 7.64 4 HO. 30
Merlin Marks. .18 .14 h 23.81
Oenoa tire.... 4.554 4.56 liO.80
Athens
lMucttuias. . . . 3.05 3.0T 19.30
Copenhagen-
Jm mr-- . Kroner 21.45 21.50 216.70
T, Chrtstiania . t
Kroner 17.15 17.20 " 216.70
Stockholm -
7 Kroner.. ... 46.17 26.12 --218.70
. f . Hongkong
Currency... 87.70 57.95 . j. .
Japan Ten... 47.70 47 S5 .....
y - Shanghai Taels 76.85 77.15 .L...
. . . Canadian dollar disccunt 1 per cent. ;
BA5E
STATEMENT OF
Portland Banks
i
riearingi Monday t 5.048.714
Balances Mondav . 1 SH2 OUT
(Ka rings Tuexday
Balances Tuesday .
Clearings, Wednes.
Balances Wednes.
COAST
4.976,760
833.832
5.143.208
1.003.782
19311
S 6,32i.771
687.33
4.85T.950
416.413
4.568,112
6,278
San Francisco Banks
Clearings Wednesday $21,800,000.00
Saattla Banks
Clearings Wednesday 4,673,264 00
Oakland Banks
Clearings, Wednesday $ 2,230.70.00
Lcs Angeles Bank
t Tea rings. Wednesday.... 14, 937. If 7.00
Tacoma Bank . 1 '
Traa-actions Wednesday $ 2.642.000.0O
Money and Exchange !
New York. Aug. 0. (I. N. 8.) CaU money
on f h floor of the New York Stock Exchange
today 'ruled at 3 H pet cent; high. 5 per cent:
low, 3 H per cent.
Time money was quiet.
RaU-s were 3 & 4 per cent.
ttiet! mrket tvT prime "ncrcantile paper was
Sterling exchange wss steady with business
ia bankers- bflb. at 14.4,14 for demand)
Foreign Exrhaaa-e Market !
New York. Aug. u. p.) Foaeign ex
change opened easy. Sterling. $4.45. off
franca, .008. off 2 ; Ure. .045 off
3 4: marks, .0612. off H. T"
a7si"I'MCll,,B?..VlMd stdy Sterling.
.r
VV Will QCIll
40 J. llartmaa Reuceiuabie Pfd.
20 Northwestern Electric 7 i Pfd.
A00 rerthuwl Vegetable OU !-
i? vH- - V frior Preference 1
- - vvh x i a. r
AU Of the above stocks for sale at good
discount '
JVE WILL BUY:
--"- i,. i Damon
1 00 Ovexxw E3sct. 1st Mtg. S i
1 3 tnegon. Hurety Casualty
39 Orewtad W'orfted UiUs.
Mt Vkrif W-HtSka B.-S I
" w. mm v .ll.Vtl ml IttTV t
S3 660 Jutland Floorine M.iu a-.
Ijoesl, stated and wabeted aecuritiea boagfat.
' . mmm ,
aeenrtty narketx.
Private wfrea
1
all
qJordAN'Wentworth & g
STOCKS am BOM DB
M14BaBwr Bt. Blttr. Bdwy. j;8
0VERBECK & COOKE
' COMPANY
Ete.
NEW YORK BOND TRANSACTIONS
, ' ,2Tiortasl lqr-Tl aoaHnU"a--Wa-8Tte
- SrraeksL RaimI t"nffsn - rN. j
' - auv! JCtc
316-317 , Board - ef Trad. Rn;is;n.
DIRECT PKIVATE WIRES
. Xo ew xork ' and Chicago
veaaoera (.aieatw Uoara ef Tratda
Wan gtreet, Jfew Tort, Aw.
Thera sraa anere Irreg-alarltj- ia today's
boad market thaa on receat das.
Th teadearw of prteea wii , muk
mlxe aa4 tradlaa; for tka stoat part
wii evmaaratlyelr aalet. Lftrertr
boad were ttta;ber lm soane lastaaeea.
egpecUUx the foarta V4. Ob the
other aatrd, JPreacsi TVtt ikewed the
effect of the Wakaesa of Freaek ex
ehansre hy drop-piar t1 kalf a polat
aad the Fraffaa 2Va at 83)4 were dowa
aearlf a poiat aad a Half from Taea.
day. - ,J
' Xo explanation, appeared for tie
weakness A Bio De Jaaelro iatves,
the 8a of 14? lost a polat aad the 8
of 1 lost orer a half polat. The
deeflao la these aad several foreigr
(roverarneat loaa,wa offet nyvthe
strength la otaera. Srwy 8 get
ap to 111 aarala ai aratast 11 the
preTloaa daw; Xetbertand aad Co
peakagea 4i each roise a kalf polat
aad ao did the Moatcrldeo 7.
Ifew kirks were reaeked la the
FeaaayiTaala cea. i which at 14
were orer a polat - hlfher aad. also
Feaaa. Erie 4a, aetiea A. rose a
poiat aad BJo Graade Westera 4t at
t were ap more thaa a point. Tke
ad ranee ia Cklcago A Altoa IHi con
tinned, these fcoads reaching; it aad
there was a demaad at bicker prices
for the Big Foar fVs aad tke Missouri
Pacific gen. s. The latter sold at
11 as against 10 at the Tuesday
close. .
Ob tke other hand, Atckisoa gen. 4s,
wkleh were dealt ia tke prerioas day
as high as SVt. sold dowa to 84
aad Seaboard Airltae Issues, which kad
been tke leaders la tke market, felt
tke effect of profit taklag sates.
Amoag tke Industrials Kelly-Spring,
field 8s and Goodyear 8s were both
lower as tke result of the recent de
cline la tire prices and the less profit
able conditions la tke tire trade gen
erally. Announcement of tke new
sugar trade sckedales, carrying . a
higher rate of Cuban sugar than kad
been looked for. brought some sell
ing into Cuban Caae Sugar 8s. These
bonds at one time were a point lower
but . subsequently rallied. General
Electric Ss, American Cotton Oil is
and Interborough. s were all strong.
NEW YORK BONDS
New York, Aug. 9. Following is an official
list of all bonds traded in on the New York
stock exchange today, with prices and sales up
to and including the close of the market:
Total sales today were ls,7ti7.lnn), against
$14,631,000 yesterday. $12,155,000 a week
ago, $10,063,000 a year ago. and $11,116,
000 two -years ago. ' ;
From January 1 to date, $2,768,404,000
against $1.1,86,510,000 a year ago. and
$2,323, 486. 000 two years ago. (
LIBERTY BOXBS
BeJea-f ' te $10 WW - f High. Low. taoaw.
ilCACSLA.XOj bsAilOO
Sales.
1S02 1 Liberty
In J10O0
Mian. Low. Oo
101
l
ne
1028
n
1205
10
733
2
135
33
351
24
3
35
8
10
3
7
43
11
26
1
11
6
23
3
S3
12
86
19
20
5
5
11
.1010010096jl0100
Ann l AiilOIIAAOa
. 1VVOO J. WOO (A WOO
3s
do 3 'As re
do 2d 4s ecu. ,ttoO:loo4ilO"0
do 1st 4. .101361012010124
do 2d 44 . . 10058jl0050il0052
do rea 110040110040110040
do 3d 4 .10056(L005010050
do reg tl00421003810040
do 4th 4 Vis. .1018010120110120
do reg 1011210101U2
100901008810OtS
10078il00T610076
100521005O10O52
10050 10042110042
BONDS
1
42
15
541
15
35
80
55
80
15
39
24
74
9
9
31
23
3
3
231
3
49
2
11
8!
5
18
5'
15
33!
56
78
42
9
Victory 4 4 s
do reg
do 4Ks
do reg 4 4 .
FOREKiN
Argentine 5s .
do 7s :
BelsSum 7 Via . .
do 8s
do 6s
Chinese By 5a. .
Berae 8s
Bordeaux 6s ...
Copenhagen 5 H
Christiania 8s .
Lyons 6s ......
Marseilles 6s
Montevideo 7s . .
Porto A leg re 8s
Gtr Prague 7 Vis
Rio de Jan 8s. .
do 8s ctfs. . .
Soissons 8s . . .
Sao Paulo 8s. . .
Tokio 5s
Zurich 8a .....
Seine 7s tem ctfsi
Danish 8s A
do 8s B .
Dominican 5s
DomCan 5 H notes
do 5a '26. . .
do 5s '52...
do 5s '31...
DEI rets 6s '47
do rets 6s 6
French 8s ...
do 7 Vks ...
Imp Jsp 1st 4 Vis
do 2d 4 Vis
Denmark 8s .
K. Dmark ctfs 6s
N'erlands rets 6s
do 62..
Norway 8s ,
Sweden 6
Bolivia 8s ,
do '47 .
Chile 8s . .
do '41 .
do certfs
2K'nba 4 Vis
'4.
8s.
Cceckoslovakia
I ruguay Hs . .
Queensland 7s .
do 9s ctis .
Rio (r de Sal
Sao Paolo 8s
UKGBotlSVsS
do '29,.
do 37. . . . . . .
U S of Braail 8a.
do t Vis
U b Mexico 5s. .
do large 5s . . .
do 4s
8.
'22
85
100
106 Vi
10 Va
99
53 Vi
11S Vi
83
92
109
83 Vt
83 s
94
100
84
; 99 'A
99
81 H
99 Vi
74
114
91 Vi
110
110
94
103
99
98
100
96
93
100
99 H
0SH
93
110
99
97 Vi
97
in
104
98
97
102
103
103
81
95
109
103
110
99V,
10O
109
110
104
101
86
60
55
46
85
100
106
104
99
53
112
82
91
109
83
82
93
100
83
68
98
81
00
72
113
90
110
HI)
94
108
99
98
99
95
94
100
99
93
92
110
98
96
97
110
104'
98
T
102
103
103
81
4
109
102
110
99
100.
109
109
104
101
86
58
li
BONDS
101
85
JO0
106
105
99
53.
112
82
92
109
83
82
94
100
83
99
98
81
99
74
114
90
110
110
94
103
99
98
99
05
93
100
99
93
93
HO
99
97
97
110
104 .
98
97
102
103
103
81
94
109
103
110
09
100 "
109
109
104
101
86
60
55
, 46
101
NEW TORK CITT
1INT City 4a '601101
li do 4a 58. .. .1100 100 1100
3 do 4s '59 r001100
KAIUtOAD BONDS
381ATASF gen 4s. . 73
1 dowevt 4s '60. 104
7 do adj 4s 88
, Atl A Chart Air
Line 5sB. . . . . 99
1 A C LTi 107
54 do LacNcoI tr4s 85
18 B & O 6s 101
8 do ref 5s i 89
43 do evt 4 s. . . 86
5 do gold 4s.. ..(66
12 do pr Men 3 s 94
2 do 4s P L. S
LAW die. . .('82 .
2P do 4s TolatCfnl 76
31 do S'wn die. . . 93
SiBkra Ran Tr 7s eoi
1 ctfs st I 79
8 BR A P con 4 si 93
4VBt RANlt con 5s 99
. 4 Can Nortleb 6silll
20tCan Pac 4. . . .f 80
1 SICaro C A O 5s. . t 90
19H3 Ry of B ;T. . . ( 93
11M3 of a Rt '. . . HOI
ftiCcnt P 1st ref s) H
11C A O con 5s.. 1103 H
P4 do evt Ss;. .1 96
II do een 4H.S..I 88
161. do evt 4Hs. . .1 894
a:r. at A rfg Js.if 63
HZ Ho 3KI . . . . . I us
131 IC B Q ref 5a. . .1101
19iC A E 1 s. . .1 82
11CW A Erie 1st Ssl 97
fiChi t West 4s.t 60
cnt I A L.V ret essllOT
5Chi Ind A Boa 4si
1 C M A St P- 4s.
29 do evt 4 wa
791 do xrfg 4 s A
19 do rvt 5 B
286 do 4s . s .-.
91 do deb As.
liC M Pug S 1st As)
U N W TS. i . .
1 : do 6s ..
Chi Rts Co Ss.
O R 1 rfg 4a. .-.
tTi TJ 8 A a
51
20
5
14
8
V'bi A W Ind 1 s4I02
Jtmm a. . 1 fA mm.
T
101
66
102
aWiClev U Traa 5sUe
do eon 4s.
C O C A St 1
deb 4a
do gen 5 . .
5.. .si
lOiCwrti .Iveb A N 5s
1 tttCoio A Son 1st 4sf S
-8J do rfg 4.. . . PI
Vb ,a.
A Hud evt Kaf 8
3) 5s . .12
i lutn at ' -xsa at iix
56
T
73
67-Sii
1T
84
7
T5
1H
82
83
9
St dot rfg 5s A AT- f 4
lIDet U Kya 4sf
ISlEri ea Itea s. 54
25). do evt 4s Av. .15$
4 do en 4a H 4 I 88
5H do rt 4s D . .1 57
8 T of C Ill s
1T ' s ....... tlOA?
IS Gt Nor Is Ill
SO) do ilu v . 4.. 103
3 Hav Kl Rjvs. .. 1
2:h T 1st eon -4 s 88
94 H A M ref (9 a. 4
121 do adj in is., 64
. Im Om a tt. Tli.l bol
2
104
85
09
107
84
101
89
86
86
94
82
70
93
79
93
99
111
ao V
89
02
100
103
86
88
89
63
51
101
82
97
101
56
?
72
76
83 '
67
,75
108
111
81
82
t
12
76 A.
91
101
86
ItS
S
90
84
100
92
104
83
107
84
101
89
86
86
84
82
7
93
79
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9
111
89
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108
e
88
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lOl
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97
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78
67
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83
67
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108
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88
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102
78
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101
86
102
1
t .
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103
l !
f
8 :
53
87
1B2
1
4
66 .
83
53
in fin
1SSH 103
110 111
103 108
91 : 91 '
88 . 8 - !
Si 83 ' !
64 64
at. 1
is u cent
' Sjloter. Met, 4 Via
i:201 ds:eol4
J 2 do 4str co etl
i 'lBil H I ref as. i.
loi d c a r...
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ltJowa Cent 1st 5 si
82 - do Rf 4a
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i L ' 7S .... .
do u 4s . .
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r - atSM mm - . .
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2711 8t L 1st rfg 4s.
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do 6s A
05 do adj 5s A. . .
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5 Mo Fan rfg 5s. . .
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42; Mo Pac gen 4s. .
8;M A O S Ij dv 5s
2Naah Ch A 8 L. 5s
11N O A X E 4sj
A N O T A M in5s
71 do 6s ser A.
27jN Y Cent db 6s.
201 do col 7s. . . .
3 .TCAiLHRr i4 sf
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6
154 do 5.
dMCe ta3srl
M.NHtHUb B.S
do 6s
1 NYS A W ref 8
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5 do 1st cngtd 5s
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1 Va Midland gen 5s
1 Ta Ry 5s....
2 Wabash 1st 6s.
4 Wabash 2d 5s.
3 S Western Md 4s
3jWet Pac 5s. .
1 (Western Pac 6s
- 5 West Shore 4s
21W A I E ref 4 sl
7 do gen 5 a D
178t L. Son con 4s
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l&ISan An AAP lst4s
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28Third Av adj 5s. .
561 Paris Lya-ns Med
Med RK 6s ctf
Pa R R 7s. . . .
do 5s ,
do gold 8 s . ,
do g m 4 s
do con 4s '48
Peoria A E 1st 4
da inc 4s . . .
Pere Mar rfg 5s
do 4s
2ff,
58
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1 1 Phil Co ref 6s.
2Port HyLtAPow 5s
47 1 Reading ren 4s.
261 Rio JAW col tr4s
83
13
12
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TO
69
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80-
46
80
70
84
93
83
814
88
107
92
63
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82
71
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101
67
94
100
83
72
160
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7
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71
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lid
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80
64
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95
90
88
99
90
66
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6
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' 78
its
81
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28 I
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98
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110
108
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94
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98
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52
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73
87
100
82
100
88
12
ia
12
69
69
78
84
89
46
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79
84
08
bS
81
83
107
92
68
72
87
100
83
13
,12
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70
69
78
64
. 80
46
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. 36
84
93
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81
83
107
93
68
73
88
3L' 3
1 R I ArkA L 4 s
ItStLIMAS gen, 5a
20l do ref 4s. . .
20 do die 4s. . .
17 StXASF pr In 4sA
a do as jj . .
34 do gen 6sC
321 do adj 6s . .
MISCELLANEOUS AND
BONDS
1 Ad Exp col tr 4s. 80
7 Am Ag Chm 7 Vis 104
0 Am Cot Oil 5s. . 91
"2 Am Smelt 1st 5a 94
44 Am Sua A Ref 6s 104 .
5 Am TAT evt 6s 115
9 do col tr 5s. . 99
. 1 do evt 4s.. 100
87 do col 4s ... . 93
4 Am W Works 5s. 84
2Am Wr Paper 6s. 86
83
47
47
103
82
71
85
69)
UT I
97
100
67
94
100
83
71
lOO
108
105
87
90
78
97
78
50.
81
71
55
60
116
108
88
64
97
100
104
104
93
88
95
9 ,
98
99
90
66
86
98
84
'69
95
78
81
83
79
60
45 .
28
64
S
JO
88
85
60
102
97
83
64
88
47
47
103
82
71
85
59
87
100
67
94
100
88
72
4lOO
108
103
88
90
79
87
78
50 .
81
71
65
69
116
108
8S
64
97
100
104
104
93
83
95
99
98
99
90
6
86
98
84
.69
95
' 78 '
SI
83
81
60
43
28
64
3
t
8
85
69
102
97
83
64
77
110
102 jl
no vm
93
98
81
85
98
83
51
99
88
85
67
88
98
88
84
73
87
100
82
77
110
102
10
93
98
81
85
98
83
SI
89
86
85
89
83
98
88
84
73
87
100
82
INDUSTRIAL
80
104
91
94
103
115
99
100
92
84
I 86
80
104
91
94
103
115
-99
100
93
84
I 86
Bale (to $1000)
. 57 j Jar TJn Mas evt si 82
S Armonr r 4al 80
; ; i 5 As! ief a. fl03
- 201 do deb- 6a. . . .llO
t. 2 Bell Tel af Pa 7s; 108
I High Low Closa"
6
6
4
12
. 18
3
1
10
2
BstrnadaJl 8s A
Beth StI 1st ex 5aj
do ref Ss:,.
do P M 6;
no os . . . . t,.
StlD Kill a B
do 7a D . . .
Bkln Is Gas 5s.
Bash Ter Bldg 5sl
103
99
86
-2
100
102
107
97
98
97
12
125
93
98
97
9i
SICal Gas A Elec Ssl
Can Uen Else '6al
ItCent Fndy 6a..-.
ICent Leath cen Ssl
6?i errde Pasevt 8s
18 (Chile Cop enl tr ai
ill in was A 4 5 s
8Comp-Tab Ree 6sl
12 Coa Coal of Md 5si
19iCub Cane Sue cvtj
deb 7a ..'... .t 91
131 do 8s sta.... I 93
luet Jli ng 6S..1104
5 do rfg 5s .1 97
1 Det En T 4s.f 88
,'JL'ia KSl OfD ( S IDS
10 Don Steel ref 7s 98
78 Dap de Nem Ts 108
lClDuq Lt A Pow 6s 104
9 do 7s . . . . 107
-Bltmp oaa A Fneil
I cs i ns
SIFisk Rob Co 8a
4iFr In Dv db 7s
rraa Hue 7 a.
6;Oen El deb 6s.
1 do deb 5s ..
llS Goodrieh 1st 6 si
22jUdyr TAK 8s 641
42 do 8a '31. . .
2Graby Min 8s.
12HnU OAR db 5 s;
lilnd Steel 5s...
6 Int "Paper 5s A.
27 do 5a B ... .
7 lint M M 8 F 6s
18 Invino Oil 8s. . .
5 Julias Kayser 7s
6 Kelly Spc Tire 8a.
1 1 Lak Steel Ss. ... .
7 I-ecledo Gas rf 5s
2 Lorillard -Co 6s. .
liManU 8g db 7s
11 Mar Oil 7s.
UMid St' evt 5s.
do C of 47. .
5
5
65
9
18
1
4
M P Co
Morris A
1st 5s . .
Co 4
NETATlstSs A
r
N Y Air evt 6s'
NY E Co re s
XYGELMAP p5s.
N Y T deb 6s. . .
do. ref 6s . ...
SINia Falls Pow 5s.
18 Nor Am Edi 6s. .
291Nor O Tr A Lt 6s
7 31 S P 1st 5s
4 N W Bell Tel Ts.
1 Otis Steef 8. . . .
9 Pac Gas A El 5s.
13Pae T A T 5s. ...
25
1
1
P08
19B.
108
103
99 -96
92
99
98
106
96
99
ffl08
102
102
102
110
100
99
100
100
87
87
90
95
105
108
100
74
99
99
till
89
98
87
98
101
113
83
do 5s rets . .
PAP A T 7s.
P.G A C of Ch Sal
laifnM tk ret 6s..
10)P. S. N. J. 6s
89 P. ,A. S.cvtd.7
. . . !Rcm. A. 1st 6?A.
8m. I. A 8. 6. .
10Saks A Co. . 7s. .
4 0!Sin. C. Oil 6 s
231 do evt. 7 s. .
301 do 7s rets. . . .
4 (Sharon Steel If. 8s
e;s. P. R. Sg.7s.
3'S. O. Cal. d. 7s
1!8. A T. C. A. 7s
llSyra. Lt. 5s... i
lOmdeWer Q. 6s103
miToledo E. 1st 7s
107 107
1 "a th
100
93
95
91
108
10O
91
97
93
101
91
09
88
110'
94
93
100
08
104
09
98
101
106
101
97
83
90L 9
Q0S
low
108
103
99
96
92
100
102 102
107
97
93
97
101
84-
98
124
92
98
96
90
90
92
104
9T .
Sa4
107
98 -107
104
100
98
108
96 .
99
108
102
101
102
115
99
90
100
100
82
107
97
93
97
102
84
98
125
83 -
98
97
90H
91
93
104
97
88
,107
98
107
104
106
98
100
98
99
108
102
101
102
115
10O
99
100
100
87l 87
86 87
98 96
95
105
108
lOO
74
99
99
111
89 ,
98
86
98
101
111
83
107
105
99
104
111
97
97
2Vi
7s108
102
. 33 Tobacco P. 7s
ISjCnion B. A P.6si
3 Union T. C. 7s.
15lC. Drag 8s
1IC- Fuel G. 6s. .
10!l-.S.Hoff. M. ..8s
J tt .s.ss.e.osetls.
SjC. 8. Rub.
2 do 7s...
19 do 5s ,
lir.SSm-R.AM.6s
121C S. S. s.f.5s.
ljCtah P. A Lt-5s
20 Va-Caro Chem 7s;
rcU A
17 do 7s
7 do C v 7sA.
6 W U 6 s ....
1 1 Westhse El 7s . . .
13 Wilson 1st 6s. . .
23 do evt 0s. . . .
5 do 7 s
8TANDARD
- 400'Anglo Am Oil... I 19
lOjlll P L 163
SOJImp Oil Can.... 109
lOlInd P. I. 69
2400Int rtt CO Ltd. 20
100OO 8 O Ind. .109
200jS O Ky new 96
580(9 O N Y ! 421
lOiVacown Oil .-...423
90
101
104
91
1
99
105
98
111
108
10O.
93
104
106
100
92
95
91
107
100
91
97
92
101
91
09
85
109
04
03
100
98 I
98
98
101
106
101
97
103
106
105
99
103
110
97
97
92
108
102
90
Ml
103
91'
08
105
98
111
107
100
. 03
104
OIL ISSUES
18
163
109
60
20
108
95
418
423
95
105
108
1O0
74
99
99
111
88
98
87 :
98
101
112
83
107
106
100
92
95
91
107
100
91
97
93
101
91
99
85
160
94
98
100
98
104 V
03 H
I 8'
101
106
101
97
103
107
105
99
103
111
97
97
92
108
102
ao
101
104
91
98
105
98
111
108
100 .
93
104
19
163
109
69
20
108
96
419
423
WALL STREETVSTOCIC: QUO
Reported by Tb Journal's T-'alt Street Bureaa
Saw York. Aug. 8v tU. 1TJ Rail
road stocks lad tha market la a. furtaer
dsmoastration of ! Indifferent regard
ing . laJrar troubles. . Standard stock
like- Union FneUl and Galeae 20rt
westera aoatlaua their forward snove
saent Into new groaads for tha present
rise, wall activity at adTaaeUg arte
was maintained asost of the session la
Atchison, Southern Pacific, Chesa
peake aad Ohio avad similar Issues.
In the face ef th nerstsUat failure
of the strike situation t show lm
provemeat, the strength of th carrier
group plainly reflected WaH street's
belief that the dispute with th shop
orafts has done nothing to alter the
ontlook for higher prices for rail stocks
this fall.
industrial stocks raa Into heaTy
profit taking during the last hoar, hat
aot before important advances had oc
curred in many sections ef th list.
Bales.
Stocks.
High.
1200
. 500
100
200
500
800
100
3600
500
2600
600
"ioo
I
200
400
2500
200
4600
100
3500
iisoo
200
400
500)
76
18
46
37
2
17
1
73
63
98 .
49
87
59
178 .
l26
"5
14
71
112
86
88
120
'7
17
61
98
41
81
Saral Stores Market
New York, Aug. 9. Turpentine Savan
nah. $1.08; New York, $1.15.
Rosin Savannah. $4.90; New York, $5.90.
Exp.. . .
Advance Rum. .
do pfd
600Agr Chem ....
as pia ....
Ajax Rubber. . .
Alaska Gold . .
Alaska Juneau. .
AJlied Chem . . .
AUis-Chskmers
do pfd ....
Am Beet Sugar
4m Bosch ....
Am Can Co. . .
do pfd ....
Mn Car A Fdy.
do pfd ....
Am. Cot Oil . . .
do pfd ....
Am Drag Synd
Am Hide A L.
do pfd ....
Am Ice
Am Int Corp. .
Am Linseed . . .
Am Loco .....
do pid ....
Am Saf Razor .
Am fillip AC..
Am Smelter . . .
do pfd
Am Snuff ....
ll.500tA.rn Steel Fdy.
600Am. Sugar . . .
j do pfd
jAm Sumatra . .
4 200 i Am. Tel A Tel.
1200 do "B"
12001 do "B"
OOOIAxn Wool ....
I do pfd I ....
1001 do W P pfd. . 29
100Am Zinc 17
4100Anacpnda ..... 84
iAisad Oil t
30O do pfd ...... I 93.
2800JAtchison 102
170()AtlanOc Coast 11114
400Atl O A WJ....I 30
146tt0!Baldwm Locb. . . 125
I ao sta !
8700Balto A Ohia...
lOOj do pfd ....... I
lOOBarnsdell Corpn.
lOOOIBeth SU "B" . .
1000'Booth Fish . . .
700j B T
200 Butte -C A Z. .
2 00! Butte A Snp . .
3500&urns Bros . . .
HOOIOaddo Oil .
180OlCahf Packing..
1100!Clif Pet ,
do pfd . . . . .
700ifSanadian Pan .
SlOOlfent Iveafter .
flOOj Cairo de Pasco.
2500Hn Textile . . .
6600!riandler Motor.
83001CM A N W. . .
SOOiCfofto Gt W. . . .
I do pfd. . . . .
2100Chili Cop.
600 Ckino
1
78
58
98
47
86
68
172
28
i
14
69
1110
84
83
119
. . . .
7 -17
60
08
40 '
80
122
1148
tl4T
I 91
7300 C M. St. P.. .
12000 do pfd. ..
2400 Csco Cola .'. .
4300 C. A O
200 CbIo. F. A I.
COOICrjlo. Southern.
iCel. Gas A EleeH
Columbia Graph
Cen. Gas .
Cons. Cigars . .'
do pfd. . . .
. klontL Can . . .
Cltiea Kwc Bankers:
Csrni Prod. 116
do pfd.
32O0 Cosden Oil 48
lOGOOlC R- I. A P '
3O0I do "A" pfd.. ,0
rwio do "B" pfd... 84
52001Crucibla v . . 92
200 do pfd 1 93
11 00 Cuban Cane 13
5000
4800
8400
100
4400
57
63
31
78
9
24
7
30
136
10
82
67
141.
39
89
10
58
86
8
Low.
73
,18
48
87
62
11
122
147
147
90
17
53
Bid.
75
18
48
36
82
11
1
73
58
97
48
30v
5
109
172
122
26
60
5
14
70
111
85
83
119
118
T--171
60
98
138
40
80
108
89
122
148
148
90
107
20
17
58
110 ,
93 I 93
102 102
113 1114
20 1 30 Vi
128 124
M2
57
63 -30
. 77
9 '
24
7
30
Bates.!
atoeks.
100
3 8 00 j Cuban Asa Sugar.
10j
-S490MDame Mines
8001
00
1600
2600
2400
800
1000
d pfd..
Dal. A Hudson.-..
lOOltYd At A a..
20
do pfd
Tirst -. . . .
. .
K mm mm . . . ..1
ovvnna xirw . .. .. ..i
c o wu iven Motor . . . . .
do 8 ......
ifGeu Asphalt .... .
SlOOIGoodricJl ......
00Uddea raint ..
iHinuiby
ftOOtFisk
. (Gen-
8300
2100
200 jGs- r Ora. i ..
10Oi
100
400
2400
800
300
700
.1000
1800
23001.
19O0
8100
AOO
"iaoo
100
1900
1000
2200
200
'066
67
63
31
77
8
-24
7
80
135185
10 I 10
81 82
56) 66
I 89
140 141
88 89
88 I
10 I
66 I
83
22
80
32
48
70
75
80
49
94
124
36
8
21
80
81
47
69
78
30
49
92
8
123
86
42
44
06
84
90
93
15
88
19
86
83
8
21
22
80 -85
48
70
74
30
49
94
3
124
88
67 -76
19
114
118
42
44
98
84
91
92
15
Residents of Eagle Poiit
District "First to Buy Bonds"
4'. 'i'" i-k,is
. mm
At- ISaSto VA
, dr.. AUK-2 Int to
HK-..01. i
a repress-"" o ru-
.a-t 01 v" . . first
a , rSs-- t arc f tHeV
v niB-- ar Sv (1 II J V7 -w
et Frr iav
mm
-'..iM V. " ' I
Orel
Tfcasa ads - are : axampt from aH " Federal
twos wis taxes. They ara a direct tea Heti
aw lands worth avae three - , times the
ejneont of bands. ' Tbay - are Issued under'
stats aaat and approved - by th Ssnrstacy
of stasa. They are : a Issjal tweaataneat fee
laaupanoa rowpaelat. - trust funds aad savings
beaks . - .. . ,
Action speQks louder thanivordst
The residents of the Eagle Point
, District have gone on record as
having full faith in their own en
terprise by being the first to buy
their ,own bonds. They know the
district; they know its additional
possibilities when the land is
made irrigable. They know of the
abundant and never-failing sup
ply of water adjacent to the dis
trict. Last but not least, their own
money invested in the' district-is .
j the most convincing argument In
: assuring the further development
of this fertile valley and of their
ability to pay the interest and
principal on these bonds ! . i
" ' ... - :
Price toYield 6.25
Orders may be tfrired "collect.".
Call, wriie or phone for reservations
Portland
SeatUe . -
MUNICIPAL
mm
CORPORATION
mf ' C
Sec6itti:flx)r Northwestern Bank Bldm PORTLAND
San Francisco
Los Angeles
Telephone XIain 4l95
8300
300
11700
3000
400
2000
15200
100
20091
2600
260
8004
5800
-2800
1400!
200
300
OeL A Lack. . . . .
Daviaoa Cheua. .
Eadiaott Johnson.
Krtw . . . . . .
1st aid....
Eleo Store Btj..
tusms rTarers
f do- pfd ."v-.
Oulf 8L Hteea . .
KJIen lido
Hoostoa OU ...
Hupp Motor .
Ills Oent i
lOOjinzparation ...i.
in Ar jor oob
do Dfd
Iaterboro .....
do nfd .....
200Inter Callabaa .
Ink Bare. ......
do nfd .....
let Item klarina
do pfd
Int .Nickel
HOOilnt Paper
do ufd ......
Invincible Oil . .
Island Oil ....
Uewel "Tea
K O Soutuera . .
do Df d . . . . .'
Kallr-SpcOd
tweaneeott . . . .
Eerstoaa Tire .
Lack Stsel ....
Lee Tire ......
Lahish .Taller
anrillard . ....
Loew Theatres
Tj as X ..7....
Mex Seaboard
Maxwell Mot "A'
S 4
80
36
1ST
88
13
47
84
17
27
46
84
14
84
12
1179
lH
To"
84
16
83
89
It
81
66
17
109
40
7"
1
8
8
do "B'
Mar Stores
Mex Pet j
Miami . .
MM States OO.
Midvale Bted . . .
M K T
do nfd I
Mont , Power ....
Moot Ward
Mo Pac ... .i
do nfd .......
St P V 8 S M
Marland Oil
.Martin V Penr. .
Bicu.
14
64
18
64.
13
26
67
48
87
9
70
ii"
16
188
22
66
19
129
171
29
13
84
18
41
24
22
57
66
38
2800 Nat Enamel 56
200 Nat Lead I100U
i",AeTa i .on ..... i it
84O0 New Haven 31
orioix ac w
7800Nor. Pke f 82
. l.vora Hcotia Steel......
. .N. r. A. Brake..)
4100tN'. T. Central..! 0S
S700IXor. Amu . I 76
42000kla. -Prod. ref.. 2
.....(Ontario Silver... f
200IOntario 4 W . . . 26
. Otis Steel. ..... ......
100 Pacific Dev 7
2500 Pac G. E 78
160O Punts Allecre. .. 51
16400Pacific OU 64
480OP&n. Amn. Pet. . 74
4001 do "B". . . . . . 68
2S00tPeaaa. . 46
4500jPeo. Gas 92
6000) Pens . Marquette . . S
lOOOlPttre OS . 20
240OjPbUlipa Pete 42
SOOIPteroe Arrow 10
10fO I Pierce Oil 744
900IPHs Coal 65
40O)ntta d: W. Vs.. 40
80O0P. 8. Steel. 7
100IP. Steel Car.... 82
1200!Pulltnaa 121
200I Ray 'Cons 16
lOOOIIUadiaa; ........ 76
eoOJReminstoa 87
lOOlReploa-le Bteel 81
ISOOiBen. I. 4 8... 72
100) do pfd I 02
BOOJRep. Motors. . . .
5400BoTaI Dutch OU
88
12T
82
181
4T
83
26
44
88;
1
64
12
iii--
1 .
'48'
38
1
31
89
86
II
80
54
16
100
40
87
1
..
8
18
68
17
68
i2
25
67
L42
so
8
76
65
10'
188
21
65
.18
126
166
20
12
3S
18
42
24
Z2
56
66
88
64
100
17
31
2f
52
80
97
74
2
7
72
50
52
72
67
46
90
87
29
42
. 9
7
65
40
7
82
120
16
76
87
31
72
92
3
60 I
Bid.
88
2U
128
S.8
181
47
84
1T
26
6
84
as
68
12
76
178
IS
80
69
34
15
81
30
88
81
81 -
64
76
1IU
100
40
8
87
1
3
8
!103
115
13
68
17
58
86
13
17
28
87
48 1
86
28 1
65
181
10
182
22
65
18
12TV4
160
29
12
34
V
42
72
24
23
67
63
88
29
66
90
16
81
116
82
81
7I
97
74
2
7
20
11
6
72
50
62
78
68
46
90
38
9
42
9
7
65'
40
7
82
121
18
76
87
81
72
92
8
82
Stacks.
JBlCB.1 Low-1 Bid.
800 Ry. Steal ' 8PV. ,
.. . (Stand. A - K,. ..
10OOJ Sears Boeswck. . .
. IShattwk. Aria. .
100Sa.U T.ids T..
vwidtncaur --. it v-.i .
Stand. - n. - Ind . .
lout Padfie - ...
pit
- isooU
1600i8taad OS Cal.
2000 St L. a S F.-.
lOO.Strosaberz Curb
197O0)&tudbaker ...
..... iSwift- A ' . . .
SO0"Ta; Cop Chaa)
nzxro 1 exas sju . . .
6 O0 Texas Pacific
1400 . do C At Ow.
2800 Tab Prod -. . ..
8000 Traaseoutl Oil .
8500 Cnioa OS, Pat.
6100 pniaa Pa ... J
100 United AUoy . .
1700 United lru J .
10Ot7nited Food Prod
intted Fruit, ...
..... Poioa B ...
..... K S 0 I Pips...
3160 United Be tail St.
- 2400 U S led Alcohol.
8400 V S Hub .....
..... do pfd. .... .
.. ... U S Basel tine. .
11300 0 S Steel !T!. .
100 i do - pfd. . . J . .
1860 Utah Cupper .. ..
100 Va Cheat ......
de, pfd .. .
Vanadium Steel ..
Vivaudou ........
Wabash .. . . , .
do A pfd
do B pfd i . . . .
Walla Fares , . . .
Western Pac .. . ..
1 ' do pfd ........
Weatem Cnion .
Waatinch'aa A B.
' do K at M ....
Wast Md
Whit Wnn
Willjs -Over land
do pfd
Wilson Packiac .
Wisconsin Cen ..
Woolworth
Worth'st'n Pump.
W L E ..'.,.
Wbita Oil ..
' Wblra ' nil
IJfoney .t'.
900
: 800
8400
2400
200
800
500
1000
21001
100
2460
700
' "lOO
" 206
700
IOO
100
109
95
86
86
SO A
10
17
i1.
98
26
103
86
44 U
181
10T-
10
46
81
24
64
18
21 tt
145
37
79
7
8
87. .
101
120
66
27
'49
12
18
88
- v e
81
10
62
81
12
47
7
80
80-'
62
14
7
25
. 0
199
38
84 ,
36
80
V8 -IT8
1
26
104
-20
44
120
104
46
00
23
19
148
87
78
"it
63
82
6i
100
120
84
27
".48
11
12
83
80
19
00
61
11
47
6
38
80"
61
18
7
26
8
109
95
85
10
80
36
108
178
44
- 92
26
104
30
44
129
191
9
46
80
23
53
13
20
144
37
78
7
148 J,
00
88
83
62
66
104
46.
101 ,
113
04
27
41
48
13
12
82
28
81
19
r 80
109
94
81
11
47
7
89
41
80
198
61
18
7
25
4
TottV sales of stock for the day -war 609.
400 shares aad 818.286,000 in bonds.
TRADE IS NOH
IN PHILADELPHIA
Bkv stpwnS- IS BS.tf.t.1.
. Philadelphia, Au.. 9.-8nperficHal.observa-
un .ia; PaUadalphM would iWe a indicatiqa
of a eoal er railroad atzika. - as . appareoUy
everythina; Is awviua aornully, ; All pubUe
utlBttea era fnnctionins. the 'water aupply
is aot eunaUed. faetorios ara eperaUnc aad
toeve ia tha usual bnsinesa acUvity. Fressht
aad paasensera on the, steam : and eleotria ,
roads ara moved promptly. ' But some factories
.fiad that tha drain of 19 weeks has nearly ex
l"", tneir fuel auppHse. ! Fortunatajy
PhtUdcOphla is situated it, tidewater and eaa
replenisn her eoal piles from 1 foreicu sources.
A number of ataauiacturers, however, ara ar
raaainc ia -use either petroleum . or electricity
power: rr vne strua onunue.i -
un aur niu eniunis atr ss Dulls, f
f"e construction of several Urse apartment
houses tends to rob Phtladefohia af her fltma !
as a city of homes. Single dwellinsa are still
ia atronc demand, with rests and prices mau
taiaed. ' - , ' ,. T
Manufaeturars ef t taxed kid took for aa im
provement In foreign demaad accompanrins
the vosua- for loacer akirta abroad a hich
shoes, reuuiriita; mora kid, ara worn with i the
looser skirts Tha daomstie market !baa
not yet felt this urs. For air wear suit
facturers still ara featuriac Oxfords, ia wkleh
taa use oj patent, leather largely predqnu
BOSTOJf COrPER STOCKS
(Reported by Overbeek 4k Cooks Com
Aris e.
Adren . .
Ahmeek
Alcomah
Alloues
A reads.
Cal ak A
C dt'H
N Corn
Content
Bid.
90
50
03
20
25 -8
60
Ask.
90
su .
64
60
20
8
61
.200 29.4
10
9
E BaUa 10
Kr Ma
Hancock
Helv. ..
It Crk
Keew'w
2
1
1
104
2
Kerr 1 8
ISaUe. 1
M O Col 4
Ma Val 1
O O Cop 25
Ose Hit 36
10
: ' 0
10
2
2
1
103
1 8 .
4 ,
: 1
4
2
24
87
Bid. Asked.
Obijawa..; 2
ttuincy av 44
Pond Ck.., 21
W RoyaL 23
So Laka.. 46
Sup Bosta 1
I n Sh M 40
do pfd.. i 26
So Utah. .; 5
8up Cop. ., 4
Trinity Cp 3
Tuoiumne 70 -Ctah
MUs. 1
ITtah Con: 2
t) a Min.i 41
do pfd. .
Utah Apx
Ventura..
V olvenne
Wiandott
Vltoria...
Winona. .
paa.
44 f
123 .1
24 j
40 -I
1 I
41 .1
26 I
10 li
4 1
- 1 II
83
48 ,
8 f.
80 '
48
2
20
11 -18
80 76.
1 Jl
1 1
City of F
KLAMATH FALLS
6 BONDS '
Dated
July 1, 1922
Est. Maturitv
July 1, 1927-32
Denom. $500
Price to yield
S.SQ
Income Tax Exempt
Ralph Schneeloch Company
i -mujjcipal
Second Floor
C0RP0RATJ0N i Q
LumbermensBldq.
you cang'et to l
with safety p : fi 2
Jrom, and more
Long Ifeivd BoisrDS
e-.l. ''V, f, '
Investing for income; is a science. If yon are not skilled in
making safe investments that bring , the best income consist
ent with their character and that are of a liquid, quickly mar
ketable type, thereby (assuring quick availability of your funds
-by selling the bonds in time, of need for part 'or all. of your
money invested herein, let us assist you. ,
We are skilled in making safe investments. .We have large
'organization of experts who devote their sole time to -this
business. We do nothing else. We have no side' issues to
divert us from our one purpose, that of serving safely and, to
- the best possible advantage the requirements of men and
women and of banks and other financial institutions requiring.'
unfailingly dependable income! By using the service of such
an institution as this organization of specialists you can irfi
prove your income and assure-yourself that your money is
safe beyond question and quickly available in time of need,.
' i i '' " ' v - -
We are members of the national syndicates underwriting the
Virginia-Carolina Chemical company 15-year sinking fund 71s
and the Holly Sugar Corporation 15-year sinking fund 7s. We
withdrew from the syndicates large blocks of both these is-
sues .for offering to our own clients and have limited amounts
remaining available. These bonds offer you the best of
present investment opportunities. They offer you a minimum
return of 7 and, very much higher return through sinking
fund provisions for buyinug in at the market end "call-by-lot"
at substantial premiums. These bonds offer investments for
small and large sums, multiples of $100, being, in denomina
tions of $100, $500 and $1000. ..; ? ' ,
Call, telephone or write us for circulars giving you full details.
1
Holly Sugar Corporation 15-year Sinking Fund Gold Ts,' July 1, 1937, at
- 100 to yield a minimum of 7. 1 $200,000 to be redeemed annually- by
, -riiarket piirchase or "call-by-lot" up to 105. t '. ""V' . - ; .
Virginia-Carolina Chemical Company 15-year Sinking Fund Gold 7Vs' i
- July 1, 1937, at 98 to yield a minimum of 7.73. $250,000 until Octo-1
. ;- ber 1, 1927, and $375,000 from then until April 1, 1937, to be redeemedj
.annually by market purchase, or "call-by-lot" up to 107; ,
Doltllowl
Use Oar
Partial .
Payment
Plan
Fnnt-MAN, smith o
CAMP CO.
, Wjmmmtmwm utw 8oi
87ASS 7Sl t740
Denominations
$500, $1000.
Aahfor
. -. circular
v with
- full details
!
n
. f
I
7' J
, - -