The Oregon daily journal. (Portland, Or.) 1902-1972, August 30, 1922, Image 16

The Oregon daily journal., August 30, 1922, Page 16, Image 16

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Newspaper Page TextTHE OHEGON J DAILY JOURNAL, POIiTLAND, OIlEGUi. WEDNESDAY, AUGUST 30, 1922. V. RAILWAY SHARES GET BACK TO PREVIOUS HIGH POINTS ON NEW YORK STOCK MARKET NEW YORK BOND TRANSACTIONS Exported by The Joarar Wafl Street Bcreo w Terk, Aeg. 10 Todr featere I bond dealings oa the ctoek excaaag-e were the atrengrtli of tie 3Tew Tort rlty traction seenrttlea and the saax decline In the Chicago Alton S and tVt per cent bonds. Rest of the mar ket continued Irregnlar with a sUkt recoTcry in the French 7V4s and Bel trlan issnes and a nnmber of new highs In both the railroad, and Industrial see tioas. Liberty bonds did little. Xtw financing consisted mainly of a fi.ioe, S offering of first mortgage j per rent eonrertlble Martel 3WU and another J.0,009 Issne of the Pacific coast Joint stoek land hanks i per cent bonds. Among the tractions the adTanee of Third Adjustment it to a new high price for the year was In response to the action of the company In declar ing an interest payment of S per cent on this Issue. . In the railway section the high priced Issue were generally steady and there was a better demand for some of the speculative bonds like the Sea board Airline, Missouri. Kansas Texas adjustments and Frisco Incomes. Great Northern 7s rose to a new top for the year. Among the industrials the public utility bonds were actlre again, American Telephone eonTert Ible s striking a new high. Central Leather s also were at their best, as were the I nlted States Realty 5s. SKW YORK' BOM'S - York. Aug. 30. Following: js rial Jit of al' fronds York Stork Krnn;e salt u ' a"1' i.iarket. atainst a w?k ago 231,000 ll tin tlOOQ) I Hifh. I Low, t Clow. an pffi- traded in on the ."Sew today, witu pncea ana (Miirlini the Cloe Ot Ut Total sale today were it raft milk v.tirrtav. 1 '!"'' i e i A $9.44-.oo a year at;u mu " atiO.oiit) two years auo. .- t ...... .. i i, .l.t S'J.073 aiains! $ J.oti. 1 05.000 year ago, and r 558. otto two years ago. t!2. 614.000 Sltt.02S.000 Sales. LIBERTY BONDS (l.N tlOOO) I STOCKS: Hih. Low. Cloae. 10094;1007 10080 10046 10028 100(50 100S4 UW1 10054 S4 102 1 04 104 ion 109 80 K 93 V. 80 H 82 81 99 H 93 83 99 H rtih'nu. r. . . . 100S6!10054 411-ib 2d 4 10018110018 2 Lib 2d 4a re.. 997 9976 7 Lib 1st 4 ... 10072 10058 r.lLib 1st 4 Ha 1005210052 rai'Lih 'Jd 4 VI. .. .110022,10006 3sl.ib 2d 4 'si re. 674Lib 3d 4H.-- 5 Lib 3d 4'i re: 179'Lib 4th 4 l 9. . . 28 5; Lib 4th 4 reg 2 12; Vic 4 "us Id! Vic 4 rug . . . 173Vic 43,s Bj Vic 4 reRi . . 3;Are-'ntine 5 . . . 3fl! do it SOlBfllgiiinr 7Sc. 23 -Belgium 8s 40 Belsmm 6 1 !C of Bergen 8s . 17 ' of Bordeaux 6 4 :' 'openhagen5 Vi a 45:. Lyons tvs . . 3,C Marseilles 6s 1 r.l(! Marseille fl lOiO Porto Alesere8-i 9 0 Montevideo 7. BjO 1'racue 7 He . . a kin d Janeiro 8s! 2i do 8s. . . . 99i 14.SoLciu 6 1 79 9, Sao l"aulo. 8a . . . ; 101 10054 100 18 9976 10058 10052 10012 10012 10034 10024 1004 4 9 f of Zurich 8a. . 50.Seine 7s t certs.. 5;Lominican 5. . . . II to Slii.... 2 2! Dam fan S Vis Hi do Si tj . . SO do 5 "52 . 19L5n '31 100S 35 Dut EI 95 V- 95 r"isrs 10012 10028 10024 1003 8 1003ttilOO3rt 1006tJ!10070 I0')."4l 10054 10O3OlO028ilO()30 001Sil0018tl0018 BONUS 8 ! 101 1102 103 1034 1034 104 90 99 T 109 109 80 80 4 93 93 80 80 80 K 82 81 82 99 H 99 H 93 14 83 83 83 99 99 99 99 S 78 79 100s 101 114 Vk 114 S 87 7a 87 95 H 95 H 90 14 90 102 102 W 100 100 99 H 99 H 100 H 100 95 05 94 4 94 T 100H 100 H 964 97 94. 95 93 93 79ii 80 114 89 95 4 90 4 n,102 a .1100 09H 95 93 T4 80 V 111 99 99 H 98 S I 99 112 105 4 97 S 1(24 103 t 104 82 93 4 111 S 103 121 99 . rcts6s'.47 64: do '62 11 O.French 8s 235 do Tnt Gilmp Jap 1st 4 1j!. 1' do 2d 4Hs. . . 8 1 do sterl loan 4 si Jm Den mark 8s . . . . ! l do 8s 28 j. - do ctfs 63 ... 19iltalv 0 Vis A ... . 109-NetherUids res 6s 11 do 8s lliSweden 8s 43!Sedm 0 a0Bolm 8s 14Chile 8s '28. . . . 71 do 8s '41 ... . 14 do certfs 1 Cuba 4 4s 14jt'echooki 8s cfs H Queensland 7s . . . 13; do Us ctfs. . . 45jSwisa 8s HKio ir de Sul 8s! 141St of Saoraulo 8s108 W7iG HilSHi 221108 80; do 5Hs '29.. .11094 2191 do 54 '27.. . 105H 4 9 t: S of Brazil 8s. . 101 22! do 7Hs L87 21 U S of Mex 5s.. . 5H 10 do 4s I 43 V NEW YORK CITY BONDS 2 X. Y. C. 4H..1107 1107 107 21 do 4V4S '60. . llOl H (101 H ,101 H MISCELLANEOUS AND INDUSTRIAL BONDS Exp. col.tr4sl 80 Vi A. Ch. 7ViSil04i)i t'ot. Oil 5s. 91 Sm. 1st os. S. A K 6s. T. & T. CTtUs col. tr. &s 110 99 99 V4 96 OS 08 112 105 97 102 103 104 82 95 111 1(2 120 994 107 107 107 1044 111 99 99 96 98 99 112 105 U 97 102 1034 104 82 95 V4 111 V. 102 4 121 9 4 107 107 103 104 100jl00 81 87 57 58 43 43 4 15 10 16 81 42 23 3 4 1 23 1 8 12 7 Ad. Am. Am. Am. Am. Am. do do '46 do CTt. 4 s. . do crt- 4s. . . . do col. tr. 5s. . Am. VV. Works 5s A.Jur.UMar.cvt 6s AtL Kef. b. 5s Bell T. of P. 7s 10Beth 10 3 24 4 5s S. lstex do ref. 5s. . . . do P. M, Ss. do 6a Braden Con. 6s SiBUn 8 Hush l;'al (; Edi 5. Ter Bid as & Elec 95 104 119 99 99 104 90 99 81 80 99 1084 99 96 93 J IOO 99 . .1100 I 94 97 80 104 91 94 103 117 994 99 104 Sft 99 81 80 99 108 99 96 93 10O 99 V4 99 94 97 t 80 104 91 95 103 118 99 99 104 90 99 81 80 99 108 99 96 03 IOO 98 99 94 97 SICan ilen El 6s .. 1103 (103 U 103 20Xnt Lcath gen 51 98 i 98 98 7iCer De Pas crt 8s 128 127 128 SlChile Cop crt 7s. !105 105 jl05 19 do col tr 6s. . . I 95 1 94 94 lOok Indus 5a. .. 77 I 77 77 lCol Gas & El 5a. I 96 96 j 96 1 do r.s sta . . . . . I 96 I 96 1 96 8!Com Cables 4s.. j 76 76 1 76 JliComp Asu H 7 a 101 101 101 5 Con Co of Md 5s 91 91 91 17!Cu Ca Sug 8s stal 93 92 I 93 5:Cub Amer Rug '8s 107 107 1107 liCum T & T 5s. . j 94 J 94 j 94 2 Ienrer ;aa 5s -37; 89 89 1 89 " r.iDet. Edi rfg 6s.. 1104 il08;104 8! do rfg 5s j 99 99 99 5Iet Rir Tun 4 i 91 i 91 1 lLDia. Mat deb 7s l08 1107'IOS liTVH Steel ref 7s. I 97 I 87 I 97 6 Tu De Una 7sll08 ;iOS 108 5 Duqu L it P 6s. .jl04 2 do 7 s . . . . 107 "o EmliAF crt 7s 97 lllEramer Indust De ! deb 7s ... .j 95 liFran Sug 7s..!l00 19Kienl El deb 6. . !1 07 106 5 do dob 5s. . . . 102 !102 7fGfodrich 1st fis102101 8 tidyr T & K U'41ill4!114 39! do Ss '31 . . . .1100 I 99 5;Jranbjr Min 8s.. 99 I 99 SiHoU Am L 0 rets) 88 ! S8 , l 11H01 U HUD J HMIOO 100 - l Steel aeb 4 s 92 I 2;Iud Steel 5s . '. . . 100 1 Xilrtter Agn Ss. . . 81 1 1 Inter Cement 8s. 1109 3Intr Paper 5sA . . 90 10i do 5s B 89 2 2 Inter Mr Me SF 6s 93 1-J Kyer 7s. . . . 105 Kelly Spring T 8s 10S 4 Kmcs CoKIbP Gs l09 lOiLvk Steel 5s 4 Ligg 4b Mytn 5s.! 'lx.rillard 5a S f,6jMaSa db 7 ears 1 ItSles Pete 8s. . . . 4!Mid Stl en 6s. . 24 Morris & Co 4,s 80NETT 1st 5i A SO NY Edi Co refs! li 1 Tel deb 6a. . 121 do aril 4 s. . 93 lO0 99 99 106 88 99 111 IO6 95 , 104 104 107 (107 97 I 97 94 j 94 100 1100 107 102 102 114 100 99 884 100 92 100 81 109 90 88 83 105 108 109 93 100 99 99 HI 6 90 88 99 111 106 93 92 100 81 109 90 88 83 103 107 109 93 100 99 99 106 90 88 99 ni 106 95 ORDAN'WeNTWORTH &tg 201 Railway Exchange Meaner Chicago Board of Trade : STOCKS BONDS I. GBAIN COTTON PKlTATE LEASED WIKES TO ILF, Button &Co. MEMBERS ALL PRIXCIPAi , Solicit Inquiries All Local 41 do wmt 6ft T6 jr Am Edi 6a. . 40 X OM TrALt 6ai i or Btav Paw 6s. 22, Nor S Io w 1st 5s 9IX W Hell Tei 7s. 21ti 8teel Ts. 18 Pac O It E 5. . 1 Pc ItI5i... 24 do 5a- rct . . . llPan A PAT 7s. lO.Peoplea (i , ic. C I fo Chi 5s . . . . 25(PhU Co ref 6s. . . 3 Piarce Oil 9 . . 2,Pnb 8 of N 5s. 24 Pun U. Al Sugarl 1 crt deb 7 s. . Prod A Ref 8s. . 20 Ram tat 6s A... 1;R Brown I Ts. . . SSjSinc C Oil 5s. 15 do cf :T. . 56 do 7a ret . . . . 2Sharon 8 H 8s. . 4!S Porto B S 7s. J 10 8 Bel TAT 5. 44(8 O of Cal deb 7s 5 8 A T Co Am 7s HITklewr Oil 6s. ltToiedo Edi 1st 7aj 001 Toledo Trae 6s is.io inod 3. . 107 94 102 94 107 93 84 98 94 101 96 101 98 89 110 103 04 107 9 108 109 98 102 99 106 101 103 108 I 106 (106 106 3 95 102 94 107 85 94 98 93 101 96 101 98 89 108 102 84 107 99 103 99 98 102 99 105 101 103 108 9 197 93 96 102 94 107 95. 94 98 94 101 96 101 98 89 110 102 04 107 99 108 99 88 102 99 106 101 103 IIO 98 1 na Sj!'n ? P. 99 HI 99 I 99 3l n luu Csr 7S . II 03 1 lia . 1 n alia Drug 8s . . . . 11 1 Vi 11 1 20U 8 Hoff SI 8s. .1102 102 10C S KeaJ U Imptss) 98 98 6Un JSS U 6s ctfs 93 93 1;U S Kubber 7 1U919 u) do 0k 90 I 90 I 112 102 98 93 !1 90 i 9 Dteei 1 tsi 103 10a . una sj. lH'taJj Pow tt Lt Ss 93 93 93 33 do CTt 7 a A 98 I 97 I 97. War 7 ... 91 I 9T 97 lVarmer Hu ref 7sloa 103 103 2;Vet P Pow 5s. I 95 I 95 I 95 i 1 ! W V real est 4 s 93 93 1 93 1! do s . . . . 11 la V II i:-t f. : 1 1 a il 2fVePtinghouse ' E7s l08il08 los 3'Wincbester A7 s 102 1102 ilo w 4 1 Wilson CTt 6i ..; 95 I 95 ll do 7s (1057,jl05 1 2A T A 3 T ge 4 93 j 93 8 do CTt 4s .... j 85 85 AUL7l 108 7i do 1st eon 4s. . 91 1 A C L A N coil I tr 4s 84 108 i eo 8 B A O 6 8 do ref 5s . . . 32 do CTt 4 a. 17 do gold 4s. . 22! do prior lien 8 a 1B A O 4s P L E I ft W V 1 B A O 4s Tol & I Cin 32,B ft O 3 s Swn 4, Broadway 7th Are 1 con 5s 10 Biljn R T 7s. . . S'BklnRpT 7scoctst: 10 Kusn Term con 5s S anad& Sou 5s. . 23 Canada Nor 7s. . 7 1 do deb 6s. . 2 1 Canadian Pc 4s . 14CentRy Brazil 7a. 22 CentPac 1st ,rf 4s 14 do Sht Line 4s. 9;Cent RR of NJ 5s 3Cent RR ft Bank I Co. G 5a ... . 1 C ft O eon 5s. . . 661C ft O crt 5s. . . 3 1 do gen 4 s. . 131 do crt 4 s. . . 88 do KftA 2d 4s 7 8 Cbi ft Alt rfg 3s. 606 do 3s 6 C B ft Q Jt 6. 101 do ref Ss 10!CBftQ3sni dir 12'C ft E I Ss 87Chi fit West 4s. 5,Chi IndASou 4a. 33;CMft8tPcTt 4s 74, do rfg 4sSA 16 do crt 5s 8A. 72 do 4a ...... 2iCM Pug S 1st 4s 31iChi Rys Co 5s. . 130C R I rfg 4s JiC & w lnd con 4s 1 CCCftStL gen Ss. 3 1 do g m 4s. . . . 8 do 6s ser A. . 10 Cle Sh Line 4 si 12 ( le I'n Term 5 a) 2 ColoftSoa rfg4s( so Dei ft Hua crt 5s 4 do SH! ... 5 do ref 4s . . 15ID ft R G imp 5s 28jGr Bay W deg B 23 Erie gen In 4s 23 do pr In 4s. 16 do CH 4s A. 19 do crt 4s D. 25Gr Tr of Csa 7sj 140iut Nor 7s 23 do 3s ... 28Gr Bay Wert deb 61HT LI By Lt ft I P. 5s 18:Hud ft II ref 5s A 17 do dj inc 5s. 1(IU Cent O Dir 8sl 2,ICCSLNOjt 5s A 14IU t en 4s lOInterb Met 4s. 401 do ctfs 4 s sU 18 do 4 tr c efs 104 lint erb R T crt 601 lint K T ref 6s. 177IRT ref 5s bnk-cf 101 91 86 88 95 88 71 94 75 84 81 91 101 113 112 82 91 90 83 110 96 103 98 00 90 62 62 48 94 101 85 84 62 85 75 68 78 86 75 82 85 77 103 83 I 101 97 103 69 98 102 92 82 15 56 68 54 57 113 113 103 84 101 91 86 87 84 83 71 91 75 84 81 91 101 113 112 81 01 90 824 110 96 103 97 00! 00 . 58 58 39 94 101 84 I 84 61 85 75 I 68 I 77 85 75 82 84 77 13 83 101 97 105 68 98 102 92 82 14 56 67 53 57 113 112 103 U, B 13 I 14 f, 1 rtJit a tt 14 Int UN 5a nts efs 171 do adj 8a . . 3 do 7s 14 Iowa Cent ref 4s 1IKC Ft 8 ft M 4g UK C So 1st 3s. 1 rungs Co Elec 4s 11 do 4s 8 La 5, Lake Sh ft M S 3 s deb 4s 1 L V of Pa en 4 si 1 Lex ft East 5s 2 Long Ial N Sh 6sJ lljLong Ul ref 4s. . 2 L ft N" 7 7 do oni 4. . . . 1 do 8s St L. . . 1 Louis ft Ark 5s. . 48 Man Ry con 4s. .1 2 do 2d 4a ... lMkt at Ry con 5a ljMil. ft N. 4s. . 1TM.. St. L lstrfg4s 111 do rfg Se . . . . 5,iIStP.ftS8lf6 11 ao 11... 47.34.. K. ft T. Ist4s a 1 I j r n . ' " . ud 0a oer. Jk B42 do adj. 5 AsT. 731 do 6a CT. . 2 Mo. Pac 7 do 6s.. 4... S2 do gn. 4i. . . 1 Mobil ft f.m5s ll Nassan El 4s. . . HjNew Ori term 4s 6,Xl 86 86 66 70 99 83 16 16 16 08 74 73 83 68 54 100 43 83 71 80 78 95 93 99 96 84 108 83 67 93 72 6O 89 94 48 47 105 90 84 86 64 97 93 102 69 05 55 81 86 86 66 70 99 83 15 15 15 97 73 , 73 I 82 j 68 I 64 100 I 44 83 J H 80 78 93 93 89 96 83 108 83 67 93 71 60 89 94 47 47 105 90 83 88 64 97 93 102 68 Lf69 OK Tz W (IK 95 51 80 40'N 7: 40N ! 2631 1,N 00 80 81 88 90 84 31 58 52 Oris Tea Mex to Si I 78 I 77 Y Cent deb 6. J107107 do eol 7a . . , . ;103 jloi 1 - x tt w. ng, at imp 4 s . do gen 3 . do 4s do 5a Y Chi ft St Lf 1st 4s Ills Y N 11 ft H I deb 6s 1 1 do crt 3 a. . . 4 1 do deb 4s '55 iNTNBrfcH db4s57 U N Y Ry ref 4s trj ! co ctfs ! 2j do adj 5a 4NYStat Ry cn4s nestftH 4a 8 NorfkftSou gen 5a 3.HHK con 4a. 38 18 411 do crt 6s 127 Nor Pae 6sB. . . . 1 1 do 4 a 3 do pr In 4s. . . 6 do gen 3s. . . . 18 do ref Aims 5. 3, Ohio Rir 1st 5s. 2OrSht LjlsteonSs 20 do rfg 4s 1 14jVWR N 4s. . 128 Paria Lyons Med I R R 6a ctfs. . j 2 Pa R R 7 I 16! do 6s , . II do 4s '42: . . .j Hi do gold 6 . 71 do at m 4 s. 10 PeoriaftE inc 4s 2 Per MarQ rfg JO Pbilip Ky 4s. 58 M 70 93 118 109 91 89 63 99 105 103 94 84 73 80 80 91 98 90 84 31 38 52 95 105 93 85 108 00 I 84 101 9n; 86 87 84 83 71 94 75 84 81 91 101 113 113 82 91 90 83 110 06 103 97 90 90 58 68 42 04 101 85 84 6L 85 75 68 77 85 75 82 84 77 103 83 10 1 97 105 69 98 102 92 82 14 56 68 53 57 113 118 103 14 86 86 66 70 09 83 16 15 15 07 73 73 82 68 54 1O0 44 83 71 80 78 05 93 99 96 84 108 83 67 93 72 60 89 94 48 47 105 90 83 86 64 97 93 102 7444 Av, 70 W 70 92 117 109 91 89 63 89 105 105 94 83 75 102 92 4110 ! 04 t S3 Sail 0O . : I 52 5 PSSftStL 6a SAil00 1 1 Port SLAP 7sil06 110 ,100 44 Keadtng ge r. 2 ReadingCenRR ofj I : j cot 4a. , 33RGAW 1st 4s. HRklaUkftL 4a .2 Bt L Iron Mt ft Boa ref 4s 2 1 do RftGa diT4sl 1. SUoaeG radial 4sJ 03(SSF pr 1 4s A. 81 do Go B . . . . . 71 do geav C... 2t Ho adj 6 7j do iac . .... R0 do g a....l 10! do gem 3 ( 7,8t L Sw 1st 4s, 31 do tens 6. S'S P AKCS I 4sj 41i S P M ft M ea 6si 1.18 A L gold 4.i.il3 i do U U 4. AO J9 i do rfg 4s: ...( 4H 56j do adj 5s.,.,. 30 8 87 79 84 90 86 76 88 101 84 77 44 93 80 83 84 89 102 02 119 94 37 100 62 100 106 8 87 79 84 96 86 76 74 88 101 84 7T f44 93 80 83 03 51 81 77 107 105 90 80 91 98 00 84 51 38 32 38 93 117 109 91 89 63 89 105 103 04 83 75 10O 102 82 illO 94 38 IOO 52 100 1108 86 87 79 84 90 M 76 T4 88 101 84 T7 44 95 0 83 88 84r 84 89 103;i03 1 aw 45 45 19 I SO - GENERAL ADVANCE .IN INDUSTRIALS By Stuart P. West Wall Street. New Tork. Aug. 30. Agsia today it was not so much any actual changes in toe labor situation that influenced the mar- 1 nan ei ' w job toh" . J Tiction that pessimistic f ''-'v,' t '7 t political effect snd 1 1 f' were unwarranted. Wall Street l i vtht decided thxt. bere and there the next few industrial plants be hampered for lack of a proper fuel supply, the bituminous mines are rapidly get ting back to a maxi mum output, and that any serious curtailment of manufacturing is urt 1 kely. So far as the shopmen's strike is con cerned, this has never been a matter for the investment community to worry about. The latest' statistics on cascadings eoTering" the week ending August 18 showed a substan tial gain oTer preceding week and an increase of 41,073 cars orer the same period a year ago. This gain could not be attributed to a larger haul of coal, for the union mine in the third week of August- hTe scarcely had time to get under way. It was due principally to the general merchandise moToment and. be sides, it gare a further impression in the com .parison with 1921 of what the enormous strain upon transportation facilities will be when the huge coal shipments and the autumn grain traffic resume. Railway f hares as a rule came pretty close to equaling their preTious high point. In some piws these records were topped. The rise in industrials was tcij e-eneral and was accom panied by a larger Tolume of trading. Whether this indicated an increasing public interest in the market was a question. But it was cer tain that the way the security list has stood up against the teat of the last few weeks lias in spired both on the part of the intending' out side buyers and the Wall street pools, a well. In the early part of the day foreign, ex changes were pretty weak. German marks'' lost the greater part of the previous day's gain, so did French francs. But in the afternoon rates strengthened all around. These fluctuations represented evidently nothing more than the varying speculation idea of the moment to the decision of the reparations committee regarding a German moratorium. Shares of Northwestern railroads, including Canadian Pacific, which made a new high rec ord, and shaTes of the Anthracite coal roads were foremost in the advance in that section. Buying of tlie anthrsjnte stocks had In view the rather : well defined hope held out in the press dispatches from Washington that the lat est attempt to compromise the anthracite strike would succeed. The one exception to the rise on the railway list were Chicago ft Alton bonds and stocks, which broke very badly on rumors of an impending reorganization. The las thour brought some further inter esting testimony as to the ascendency of the forces working for higher prices. Wall street gassip started a story going that the federal trade commission was about to put it foot down on the two big independent steel merg ers. Apparently there was no real sound basis for this report: officials concerned pro fessed not to have heard anything about it, but it served as a pretext for a drive against the independent steel shares, under which they fell away a joint or so rather rapidly. Imme diately, however, the belling movement got under way it was offest by a few more striking demonstrations in the railway equipment stocks. Baldwin Locomotive and American locomotive, the two leaders of this group, rushed up to new highs. The weekly Iron Trade Journals report a Tery confused situation resulting from the wage increases and the subsequent general raising of prices. These price advances have been sub stantial and so sharp that they have confused sellers and buyers alike. Inasmuch as the mills are reluctant to accept new business for future deliverer until price conditions become more stabilized it is impossible to judge whethefWr not the price increases will result in a falling off in the demand. WOOL MANUFACTURERS MORE ACTIVE IX BOSTOX MARKET Boston, Aug. SO. Independent wool man ufacturers are slightly more active in the wool market as a result of the fair volume of sample orders they have booked for spring goods and hte trade anticipates their activities will in crease as reorders make their appearance. 'arpet wools were firm today, reflecting the steadiness 01 the IJverpool Last India wool ales and the demand for thete grades from manufacturers in tlie Philadelphia district. Some tfjeculatire buying hegau to make it appearance with possible tariff action as the basis. New York Foultrj Market New York, Aug. 30. it X. S.) Dressed poultry Market steady. Chickens 26 (g 38c; fowls, 19 31c; turkeys. 40 53c; ducks, 20 25c; geese, 15 (a. 18c. Lire poultry market firm. Fowls, 22 27c; turkeys. 23fe35c: rooaters, 16c; ducks, 22 fe 25c; geese, 17g 22c. Xew Tork Wool and Hides New Tork, Aug. 30. (I. N. S. ) Wool market firm. Uomestic fleece XX Ohio. 4 1 50c; domestic pulled scoured basis, 60c 1.00; domestic Texas scoured basis, 80c 31.30. Territory staple scoured, $1.101.33. Hides market weaker. Native steers, 19 c; brnaedd steers, 20c. BOSTOX Bid. 8 63 5 25 2 14 61 Aril c. . Ahmeek. AlRomah. Ailouez. . Arcadian Hragh M. Cal & A Cal ft H.296 New Corn 1 8 Centen'l. 9 Cop Rge 42 Daria Uly 7 E Butte. 10 Frnkln M 2 Hancock. 2 Helvetia. 1 Ial Crk..l07 Weewana 2 Kerr Lk. 2 Lake Cop 4 I Salle. 1 Michigan. 3 Mass Con 2 Mohawk 62 May O C 4 Tl 1 N Butte 1 2 COFFER Asked. I 9 NipisMng 5 N Iike. 20 0. I) Cop 25 Oseola M 3 tUbijawa . 15 Qcy Mng HlI'ond Cr 298 I Isle Roy 19 I So Lake. 10 ISup Batn 48 fC Shoe M 7 I do pfd . 10 H So Utah. Sup Cop. Hhattnck Trin Cop STOCKS 2 1 108 2 4 4 1 3 2 64 Utah Met Ctah Con USX. do pfd I tah Anx Ventura . Victoria . I Winona. 3VolTern 13 I Wyandot Bid Ask 5 6 80 50 24 25 36 38 2 3 43 44 21 22 23 24 46 47 1 1 40 40 26 26 6. 10 4 4 8 1 2 69 73 1 1 -' 2 43 44 48 48 2 3 29 30 1 2 1 1 10 1H4 50 60 BAXK STATEMENT Clearings Monday. Balances Monday. . Clearings Tuesday. Balances Tuesday . Clearings Wed . . . Balances Wed .... 8an Francisco vv edneday Clearings Clearings Clearings Clearings OF Portlar Banks 1922. 5.661.420 3 1,500.982 4.327.664 1.299.470 4.995.203 1.264.213 Banks COAST 1921. 4.913.882 1,184,273 4,086.664 728,279 4,855.800 1.273.633 : 8, 000,000 2,904.100 Oakland Banks Wedneseday 3 Los Anaslea Banks Wednesday $16,313:833 Seattle Banks Wednesday $ 5,364.668 Balances Wednesday Taoem Banks Wednesday's transactions 1 S33 sin .33.019.000 Foreign Excbiage Market New York, Aug. 80. (U. P.) Foreiga change opened steady. Sterling. $4.46. . Francs. .0769: lire. .0439, off marks, .0006. off 1 . off : 1081 do con 6s. . . lO Sou Pac act 4s. . a do rfg 4s. . . . 36! . do col tr 4a. . lj do 8 F term 4 54 Sou Ry gen 4s. . 4 do com 5s. . . l.'it do 6s ; 10;Spokane Ry 5s.. SfTex ft Pac 1st I 135 3d Ave. a4j 5s.. 2iCn Pac 6a 18) do 1st 4s . . . 191 do crt 4s . . . JTnRE of St L 4s 5 12 6 1 8F 6J TJRRIbtCo JIVa Ky 5s IWest Md 4s . . . . do 5s ...... 4 W ft L E CM 4 S do ref 4s . STANDARD 0 2001 Anglo Am Oil. . 2 (Vl Eureka P L. . . .. IT.OKiai Sig cm... ,, SiiO lmp Oil or Can.' Ind P L. . Ink Pet Co Ltd. . Prairie P V. i S W Pipa Umv 6400H O Ky new. ; O Ji T. . 10 630 35 '- 2.1 183AO I 71 68j 69 I 94 93 98 I 91 91 1 I 89 88 88 1 84 84 84 I 71 71 71 I 99 99 99 1103 103 103 82 82 33 98 98 98 68 6t 67 104 104 104 95 . 94 95 93 5 85 62 62 63 90 90 eo 99 . 98 98 68 68 68 8T 87 8T 76 76 76 71 71 71 Li ISSUES SO 19t SO , 9.1 93 I 95 54 52 .4 114 113 1113 97 97 j 9T 22 22 I 22 291 261 1261 83 83 83 114 113 113 106 104il06 441. 440 440 4 JS : WALL STREET STOCK QUOTATIONS Reported by OTerbeck A Cook Co. Sow Tork, Aag-. 9w (U. PJ Stocks rare aastber demoastratlom of streaak praetlallx tkroag-koat the Ust b tke Xew, Tork stork, exebsvare todav-. Xw blg;ks for 1923 were attained ky a loaf list of lndastrial Jssaes, lacladias; Asiericaa LacosaotiTe, Baldwia. Fall maa, Amerieaa Brake Shoe, Eadieott Jobs so a. United State Realty, Ameri eaa Radiator aod uncreii specialties. With the excepUoa of tke Altoa Is saes, which were aader the iaflaeaea of special selliag;, rails were stroas, sab staaliaUy reeoTerlBs; from the lerels teached o their receat dedlae. Last lioaday's ear loadings of eoal hare reached the eqalraleBt of a 19,- 909,999 toa week aad showed a sjala of one-third orer Satarday. tsalea. 0TOCK6 : 400 1200 7700 800 100 100 "4i66 IOO 800 300 600) 3UO (t 400 2O0 10100 26O0 300 700 6001 18600 8800 12000 2300 100 200 540O 100 310O 100 600 800 Advance Bum Agr Chera .... do pfd .... Ajax Bobber . Alaska tiold . . Alaska Juneau Allied Chem . Allia-Chalmers . do pfd .... Am Beet Sugar Am Bosch .... Am Can Co . . do pfd .... Am Car A Fdy Am Cot Oil . . Am Drug Synd Am Hide ft Loath do pfd Am Ice Am Intl Corp - . Am Lanseed . . . do pfd Am Ixeo 2400 Am Ssf Razor. 500 1 Am Ship ft Comrc 2200Am Smelter . . . Am Snuff Am Steel Fdy . . Am Sugar .... Ant Sumatra . . . . Am Tel ft Tel. . Am Tobacco. ... do "B" .... Am Wool Am W P pfd.. Am Zino ..... Anacoeda lAwociated Oil . Atchison do pfd Atlantic C Line Atl Gnlf ft W I 17200,Baldwin Ltco.. do pfd 5700 Balto ft Ohio . 100 1 do pfd 7200 Beth 8teel "B" . IB R T 200 Hutte C & Z . . . 900 1 Butte ft Sup . . High. 40 "ii 1 86 58 102 48 roo 300 4100 8200 3400 700 1200 4400 600 1200 1200 600 7000 5100 1900 140 42 41 62 92 8 23 23 31 34 E3 71 77 147 41 40 61 90 8 22 22 30 33 52 70 76 105 4 140 38 'o5 ' iio' ' 47 46 97 86 95 97 14 102 3 188 37 '83 118 47 45 96 85 93 97 14 Caddo Oil Call.- lucking . . . Calif Pet do tfd Canadian Pac . . Cen jLeather Cerro Oe T-asco. . Chandler Motor.. Ichgo ft N W. . . (Chgo. Gt W do pfd Chili Cop Chiao C. M. fat. P do pfd Coco Cola 5700-C. ft O Colo. F. ft I... I Colo. Southern. . . 49000Col Gas ft Elec. 6400:CoL Graph 13200Con. Gss 1400Cons. Cigars I do pfd 2700iContl. Can ICity S. Bankers. 2100Corn Prod 4001CoBden OU 6100.C. R. 1. ft P. . . 500 do "A" pfd. . . 4 00 do "B- pfd. . . 0400Crucible 400 do pfd 2400Cuba Cane . . . . I do pf 300 Cuban A. Sugar. . 200DeL ft Hudson. . . 2100Dome Mines 6001D. L. ft W 4 00 Davison Chem. . . 7300lEndicott Johnson. aooOiErie 8001 do 1st pfd lOOO'Elec S. Battery. 7500)Pamous Players. . Fed. M. ft S?... 500 do pfd 300 Fisk Tire 100,Gen Cigars looiGen Llec 2700Gen Motor 100 do 6 per cent. 8500,Gen Asphalt ... 69 300Goodrit. j 36 2O0IGlldden Oil . I 16 I 200 Granby 700Great Nor Ore . 1600 do pfd I 500Greene Cananea j 3800Gulf 8 Steel . . . . 3O0j(len Alden 1 5UO, Houston oU ....j 2600 Hupp Motor . . . . I 2001111s Cent 112112 4 00 1 Inspiration 42 42 200. Int Agr Corp coml 10 10 I do pld I I ; Intcrbicro j do pfd 61 i85 " 27 6 '74 118 37 8 53 23 7 16 63 145 42 84 39 127 164 160 94 82 19 55 117 105 94 118 80 129 " 59 ' 65 78 26 7 80 10 81 83 26 128 39 184 52 88 I 17 27 47 85 rswT 40 ii 1 83 57 102 47 60 185 " 27 6 "73 117 35 84 53 119. 7 16 64 144 41 83 38 125 163 169 94 82 18 65 117 103 84 117 30 127 58 65 77 25 6 30 10 81 63 54 12 79 185 I 13 I 84 25 127 88 133 62 86 ( 17 27 47 04 32 I 41 95 I 33 I 86 I 64 I 81 I 19 63 12 79 183 13 84 67 35 15 82 41 94 33 83 54 80 18 100 1000 27200 2200 4600 4200 3JH): Interstate 50O Int Harr 7 OO ; Int Merc Marine. 32O0 do pfd 2500!Int Nickel 800, Int Paper BOO Invincible OU . . . 2200 i Island Oil 200.lewel Tea HOO K C Southern . . . lSOOiKeny-Spgfld SSOO Kennecott lOOOiKeystone Tire ... lOOOLack Steel 2O0:Lee Tire 13700Lehigh Valley .. . SOOiLorillard 2400Loew Theatres .. 200, L ft N Lima Loco Maxwell Motor A do B May Stores Mex Pet OOiMiaml 2700MidTale 8rs Oil .. 8500 Midvale Steel .. . M K ft T WL . . . do pfd WL . . . Mont Power . . . . 1700;Mont Ward lOOOIMo Pac 26001 do pfd ....... 12900 Mex Seaboard . . . ftOOiMraland Oil .. . . 4 00; Natl Biscuit .... (i00Natl Enamel .. . . 300INatl Lead 200 Nevada Cons .. . . 2100(New Haven 16O0Norfolk ft W ... 6700 Nor Pac 8 00 Nova co Steel.. 200N Y Air Brake. . 8800 IS T Central 4400North Amn . . . . 2000kla Prod ref Ontario ft W 400 Otis Steel (Pacific Der IPac Gas ft Elec. 800 Punta Alegro . . . 6400, Pacific OU 11400tPan Amn Pet 34001 do B SSOOIPenna OOOtPeo Gas 4100Pere Marquette . 1500 Pure Oil 3400phiUips Pet . . . 200 i Pierce Arrow . . . 200 Pierce Oil 40O0',PitU Coal 2600iPilt A West Ts. SSOOjPenn Standard 14O0;Prd Steel Car. . . 112O0 Pullman 600 (Ray Cons 15200iReadisg 1800 1 Remington . . . . aoOIReplogle Steel . . lllOOiRep I ft 8 121 do pfd 900 Rep Motors Ca I-.aT.n 8 S 8 111 1110 jTtoyal Dutch Oil. SONY Sean Roebuck . . Shattuck. Ariz. . Sinclair ., .... Stand Oil Ind . . . 18 O H S 1OO0.. Sloas Shef . . . . Soa Pae ...... Soa By S O Cal St L ft S F .... Stront Carb .... Sradebalcer . . .V . . Iwtft ft Co . . . . Tea Cop A Chem Texas OH Texas Pae Tex Pae C O. ftOOITnb Pradnets . . 4500Trsa CorrtJ Otf.. 2OOjrnkni Oil Del... ISOOtrmoa Pae . .... 200H nited Alloy . .. . sioo 1100 1000 500 7400 I2400; 8000 leoo 800 8 50O 90O 900 14! 15 61 I 18 I 58 I 14 I l 15 I 26 I 44 37 8 80 27 70 174 20 138 03 68 iii 188 29 13 35 19 48 75 23 23 60 23 41 155 59 108 17 33 119 89 31 76 89 97 2 27 11 84 50 57 81 7T 47 94 40 82 45 11 7 69 40 T 86 130 1 80 39 83 72 94 3 36 106 t 90 33 114 si" 95 27 111 31 53 129 48 83 23 88 . 13 19 151 141 B9 17 67 14 15 26 43 37 8 78 28 68 173 19 138 I 61 58 129 185 2"9 13 34 19 46 74 23 28 69 21 40 154 68 108 17 32 119 89 86 76 98 94 2 26 11 20 40 70 12 1 85 58 102 47 84 60 109 186 27 6 14 73 117 36 34 53 122 7 16 64 144 42 83 39 127 164 160 94 82 17 55 118 104 94 118 80 128 113 58 65 77 23 7 30 10 81 62 92 149 41 40 61 92 i 8 21 22 80 33 62 70 76 81 48 104 8 188 87 77 85 19 116 47 45 96 86 98 97 14 88 25 127 39 183 51 87 17 27 47 85 12 53 12 79 183 13 84 68 35 15 82 41 94 33 83 64 79 18 IK) 41 10 38 1 4 8 1111 les.' 8TOOKS: Migsyl Low. I Bid. 8Q 49 ' 57 80 76 46 4 39 32 44 11 7 68 39 ' 7 83 127 16 79 38 32 68 92 8 36 104 90 "si' 113 94 27 110 81 53 128 48 33 23 T 14 19 150 37 8 14 09 OT TS 14 15 26 43 37 8 78 26 60 174 19 138 I 63 57 19 130 186 29 18 34 19 47 75 23 23 60 21 40 153 68 108 17 83 119 89 38 76 98 93 2 27 11 4 82 49 57 80 76 46 94 89 82 44 11 7 68 39 7 83 129 16 79 39 S3 68 93 3 56 103 90 8 38 13 188 SI 27 111 86 68 128 106 10 49 33 25 87 14 19 154 37 '8400Cnion B ft P... 1400 U SCI Pipe... 5600 V B Stores 1200 TJ a Ind Alcohol. 1500T7 S Rubber .... 26500 U 8 Steel . .' . . . . . do pfd . . . . . SOOO rtab Copper 300 Ya Chem , 200) -do pfd- 14200rTanadium Steel. ISOOIViTandou , 1800 1800 100 265 1400, 100 37O0 " "266 80O 600 ' "so Wabash do A pfd ... " do B pfd .... West Pac . . . . West Union . . . Wcsthse A B. . ' do E A M... West Md . Whit Motors.. Willys-Overland do pfd (Wilson Packing. Worth Pump . . . White OU While Eagle Oil. Orphenra -72 ' 87 79 67 68 104 69 29 '53 12 13 34) 38 23 "T 23 80 120 100 64 17 48 7 39 43 8 ' 28 71 88 78 66 57 103 69" '29 31 12 13 20 119 100 88 37 48 6 38 "48 8 "22 12. r 36 76 66 67 104 120 9 29 68 62 12 13 33 28 20 119 100 63 16 48 6 89 48 43 8 26 23 Total sales $12,416,000. stocks, 980,100 shares; bonds, Prosperity Ahead for Farmers Prosperity looms in the offing for the hop growers and farmers of the Willamette val ley, according to C. W. Irvine, president of the Farmers State Bank of Independence, who called on Portland friends today. Farm crops are generally good and a fair crop of hops would be harvested. Irvine stated. All crops have been contracted at a good price and too farmers of the vicinity ' are recoT ering from the depression of last year. A fair building construction movement is in pro gress at independence. Irvine stated. Honey and Exchange New York, Ang. 30. (1. N. 8.) Call money cn the floor of the New York stock exchange today ruled at 3 per, cent: high. 4 per cent ; low, 3 per cent. Time money was QUlet. Kates were 4tfl per cent. The market for Prime Mercantile Paper was quiet. Call money jn London today was 1 per cant. Sterling exchange was steady, with busines sin bankers' bUl st 446 for demand. Coal Pittsburg. Pa.. Strike Eraded Aug. 30. (TJ. P.) The strike in the Bituminous coal fields of West ern Pennsylvania was ended today, when the Pittsburg Coal company, largest independent coal producers in too district, sgreed to reopen tneir 04 mines under tlie terms reached at toe cieTeland com ere nee agreement. Frodnce N. S.) Bntter- imery. extra, . rinrayo Dairy Chicago. Aug .30. (I. Receipts. 10,702 tubs. Creamery, extra. 35c extra firsts, 32 &34c; firsts, 30 s32c; pack- WLK BU7CK, O S - . Eggs Receipts, 8970 cases. Miscellaneous. 2324c; ordinary firsts. 2222c; rirsrs. ;.iv;jii; cnecss. 1 7 ( l 7 c ; dirties 18elSc Cheese Twins, new. 19c: daisie. 19c: Young Americas. 19 920e: lopshorn, 209 SO e; brick. JS18c Lit Pwultrr Twrkev. 25c: chickens. ISA 23c ; springs. -24c: rooster. 14;, ducks.- 1 9c IKlaaeaPolIs Wheat Option Minneapolis. Aug. 30. Wheat: Open. High. Low. Close. Sept .....101 101 100 100 Dec 102 192 101 101 May . .. . .1 106 '103 106 . Coal Mine Beopened . Centralis. Wash... Aug. SO. With a fort of 200 men at tlie plant, operations began Tuesday at the Washington Cnioa Coal cin pany'a mine at Tono, northeast of this cii. An English farm haa been equipped with a reservoir, to oollect ana more dew in addition to rain to supply cat tle with water. HIGH YIELD w as wen as SAFETY The First Mortgage 6 Bonds of the CENTRAL COAL & COKE COMPANY offer the investor an excellent opportunity for high yield, as well as safety of principal and interest. This company is engaged in the mining and selling of coal and the manufac turing and selling of lumber. Its business has been organized and operated continuously since 1871. Its operations, together with subsidiary and con trolled operations, extend into Missouri, Kansas, Arkansas, Oklahoma, Wyo ming, Louisiana, Texas and Oregon. As security for a $4,500,000 issue of bonds, this Company has given an abso lute first mortgage on property conservatively appraised at $26,000,000. That is, for every $1000 bond there is $5700 of first mortgage security. The same good management that has conducted the affairs of this Company for the past twenty years is now in charge. In this period of time the average net operating earnings of this Company were equal to six times the average interest requirements on this issue of bonds. From our investigation of the Central Coal & Coke Company and its business, we unhesitatingly recommend these bonds as a sound security to be included in any conservative investor's list. Circulars containing detailed information are to be had on request. Blyth, Witter & Ca Fourth and Stark, Portland Broadway 6481 San Francisco Los Angeles New York Chicago Seattle Portland FIRST ISSUE TAX EXEMPT $2,000,000 Pacific Goast Joint Stock Land Banks Five Per Cent Bonds Instrumentalities of the United States Gov'ernnrent issued under the authority of the Federal Farm Loan Board, Treasury Department, Washington, D. C, in accordance with the provisions of the Federal Farm Loan Act Dated' uly . 1922 Due fJub U 1952 Coupon bonds Redeemable at par and accrued interest, on any hterest date after July .,''1932. fully registerable and interchangeable. Denomination $1000. Interest payable semi-annually January 1 and. July 1 , at any of the banks of issue or through any office of the institutions mentioned herein, or through Chase National Bank, New York City, or Harris Trust and Savings Bank, Chicago. Exempt from All Federal, State, Municipal and Local Taxation excepting only Inheritance' Taxes. 77iese bonds constitute obligations of the following issuing banks: Pacific Coast Joint Stock Land Bank of San Francisco, California $500,000 Pacific Coast Joint Stock Land Bank of Portland, Oregon 500,000 Pacific Coast Joint Stock Land Bank of Los Angeles, California...: 500,000 . Pacific Coast Joint Stock Land Bank of Salt Lake City, Utah. 500,000 Members of Association of Pacific Coast Joint Stock Land Banks. THE Pacific Coast Joint Stock Land Banks, are owned or controlled by the stock holders of the following Pacific Coast Banks and Trust Companies, having total resources of over $500,000,000, and are allied witr these institutions: SECURITY TRUST AND SAVINGS BANK. Los Angeles. California THE FIRST NATIONAL BANK of Los Angeles. California " LOS ANGELES TRUST & SAVINGS BANK. Los Angeles. California THE FIRST NATIONAL BANK. Portland. Oregon WALKER BROTHERS. BANKERS. Salt Lake City. Utah NATIONAL COPPER BANK. Salt Lake City. Utah UTAH STATE NATIONAL BANK, Salt Lake City. Utah DESERET NATIONAL BANK. Salt Lake City, Utah MERCANTILE TRUST COMPANY, San Francisco, California These bonds are secured by first mortgages on farm lands in California, Oregon, Washington, Utah, Idaho and Arizona, by United States Government Bonds or by United States Certificates of Indebtedness. Collateral securing these issues has been deposited with the'" Farm Loan Registrar of the Farm Loan District in which the issuing bank is located. Under the Federal Farm Loan "Act loans secured by first mortgages may be made only up to 50 of the appraised value of the farm vand 20 of the appraised value of the permanent insurable improvements. The farm lands on which these loans are made are appraised by Federal Appraisers appointed by the Federal Farm Loan Board and no mortgages are accepted as a basis for bon issue until they have been approved by the Farm Loan Board. - r Price 103 ',4 and accrued interest to yield about 4.60 to 1932 and 5 thereafter Security Savings & Trust Company Portland Mercantile Securities Company San Francisco Security Trust & Savings Bank V Los Angeles Deseret National Bank - Salt Lake City First Securities Company Los Angeles National Copper Bank Salt Lake City Utah State National Batik Salt Lake City , . Walker Brothers, Bankers Salt Lake City Tie iUUbhIi eoBtaiBti berela, wane ot rursatMdt are feased poi InformaUea aa a4rlee whltb we kellere to be arc a rate : . s aad reliable. 38 -Tie lOIVl SclMUaY OU . . . , aOOil'sited Food Prod .. .