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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 8, 1922)
18 THE OIIEGON. DAILY JOURNAL, FOITlXAIsD, G. 0. P. REGULARS FACE FIGHT, WITH t PROGRESSIv WIG United News Staff Correspondent . Washington, Sept. 8. Senator La Folletttj'a . tremendous victory in the - Wisconsin primary Tuesday paves the vay for that grave contention of politi- -' cal outlook with which administration leaders are confronted. . ' Kor the moment this anxiety centers In the senate where ,-the remarkable upsets in the primaries this year hold -. out the possibility of absolute control .being wrested from the Republican or ganization and equal opportunity of an organized minority wielding unpse . cedented powers. ; , y . By Sunday eight new pimaris will . have been held, leaving only those in -.New V'ork, New Jersey and the Rhode island conventions to be run off be fore general elections, November 7. ' t'AVSE FOR COS'CEHS ; A compilation, now possible, reveals e the basis of administration concern as i.m result of all those preelection con tests. Barring amazing and unexpected up sets. Senator Johnson will be reelected in California, Smith Brookheart . will - win in Iowa. Lyn Frazier in North La . kotit and Senator Ia Folks Uc in Wts- ; connin. While all of these won Repub lican primaries. Johnson is li"sted-as a "-. ."Republican and progressive" in the congressional directory at his own re : fluest ; Rrookheart is regarded by ad ministration leaders as a "radical pro gressive" ; Lynn Frazier is a Non . Partisan leaguer and La Follette is V perhaps least regular of them all. rocimATiox LAID '' By adding to these four, Senator -".Borah, so independent as to be gen erally more against than, f.ir adminis ' tration policies, and Senator Ladd. - North Dakota, who is a Non-Partisan " leaguer, the foundation of a powerful minority has been laid. Albert Beveridge. who appears more r likely than not to win the senatorial -election in Indiana, has been both a ,; progressive and a "regular.'' but " wavs a smart politician dexter of Washington is in the same class, although now vastly more "regu lar" than not. At least a half dozen .''.other senators, who carefully watch the trend of public opinion, and who, in a "' time of notable progressive reaction. ' might be expected to fairly leap out of the regular Republican ranks, con tribute to the concern of administra tion leaders. Counting Johnson as Republican the administration has a margin of 24 in the 96 members of tho senate today. "Were this same ratio to be maintained after the elections, an organization of the 13 "recalcitrants" could wield a tremendous influence through merely threatening a coalition with remocrats against administration legislation which they opposed. ' Furthermore, there is a chance of the . Republicans smffertng some net losses pin the senate this'faH, which would in crease' thei power of a minority. is ai- Senator Poin- BASK STATEMENT OF Portland Ban Monday. . .Holiday dearines Balances Monday. Clearing TmewUy 3 P.alance Tuesday ' Clearings Wed... Balances Wed. , . , Clearings Tburs. . Balance vThiws. . llmtlnn Friday. . -Balance Friday.. .Holiday 6.179,05fl 1,420,18 S.7S5.7 7K 1.076.81 0.315.087 1.122.490 ft, "93.707 733.671 COAST Holiday Holiday 5.919.479 1.892. 703 &.70.V617 91S.589 1,122.490 612,361 5.R33.919 1,192.537 Banks Clearings Balances Transaction 5,140,443 707.659 Banks 'Seattle Friday ...... Fjiday Tacoma Friday ; i . .$ 2,496.000 ftan Francisco Bank Clearings rFlday $28,800,000 Oakland Bank Clearing Friday $ 1,853.700 Lew Angsts Bank Clearings Friday $15,748,068 PEICES .OF WOOL SLIGHTLY HIGHER 15" BOSTON MARKET Boston. Sept. 8. The wool market gave 1 evidence today of broadening tendencies and slightly stifler prices for some grades. The "demand which for a time was con(nied to - 7 the median grades- now has spread well ' I throxtah thel list. -Holder were firm in . their - demands- and as a consequence the volume of i trading waa, not lre. f ' Territory twool showed alight increases. Hold , .ere of second clip mohair in Texas are de r manding more than local dealers are willing f . to pay. ' i. Jordan-Wentworth &q 201 Railway Exchange U ember Chicago Board of Trad STOCKS BONDS GRAIN COTTON PRIVATE LEASED WIRES TO E: F. Hutton & Co. MEMBERS ALL PRINCIPAL EXCHANGES . Solicit Inquiries AU Local Securities ENORMOUS FREIGHT ; OFFERINGS T0 1 TEST EQUIPMENT OF AMERICAN RAILROAD L MES lO-POINT JUMP IADEBYD.&1. By Stuart . West Wall Street,, New Tork. Sept. 8. Bates on European exchange still displayed the same ob stinacy in yielding to the obviously better new regarding reparations r jr - - -'? that they Bad on pre- r !SVa"?Vb'!v iimw imn but Terr f' ' t little happened, in the A financial market out- , .r Immediate 13 inflw Both franca were lower. Immediate fiartuAUon in the market for continental exchanges haTe eea&ed to b an accurate guide to in ternational banking opinion. Thry are controlled th promise of the lief through the pay ment of Gertnin in demnity m good than f fie .more pressing up nee ot cintinuf intiaiion in- the paper currencies. The m frease of nearly a billion francs dtirinc the l&t fRA wwh in Frnrh nct e is the chief explanation why French exchange has noi repondfd rHo the Stinne arrangement for supplying the rlevatated regions of France with German 'rnateriaLs for reconstruction and for the equally important pledge of the Ger man industrialists to guarantee in cooperation with the ennan goremment the payments which Belgium haa foregone for the rest of the year. Profits Being Tafcan In the stor-k market underlying the ap pea ranee nf arneral buoyancy there were many eiderre (hat. the speculative following wa drawing fl)wn nome of it, profits accruing from the reep-nt -hort rorerinK These realizing falea -wereu carefuUy mndurted. At no time were they re?.-ed to the extent to which they threatened "to disturb th& market's equilihrlumi. The luiujiiial procedure was followed, a few lee den being pushed ahead to offset succes sive reaction as occurred in the old faror ites. The result was a very confused price movement, but the buying side still prepon derant. Rail Shares In tar art The mofrt noteworthy feature were the .new high records reached in the railway equipment sveks and increase d interest shown in railway securities. Ir. the obriou thing to relate the strength in these two groups to the developments in the labor situation which, this morning more than a-ry time so far, in dicated the coliape of tiie shopmen's strike. But as the market has never taken this strike very seriously and has nevv believed that it was doing much barm either to rail road earnings or to general business, such an explanation was perfunctory The real rea son for the strength in the stocks cf car and locomotive builders was that the latest fig ures privately retained had f-ointed to an astonishing volume cf business coming on the books. O. A H. Jump 10 Points The apectacialar jump of over 10 points in IV law a. re A. Hudson stock would have seemed to have called for some explanation out of the ordinary. The possibility was suggested of a segrega tion plan of the compan y "s coal prop erties simila r to th x long discussed in t he case of Norfolk & Western. The only thing against this supposition is that it does not appear to have ever been considered either by the interstate commerce commission in its plans f.r readjustment for railway organ is tion. or by the investment community at large, yet it is certainly not at all illogical. Wall Street today went no further than to point cut that the Delaware A Hudson 9 -per cent dividend is now amply secured and until the present rise it was decidedly behind stocks like T'nion ' Pacific and Canadian Pacific on the comparison of investment yields. There were more wet gains than losses in todays stock market. The more important changes were nearly all on the side of ad vance. But in the greater part of the list the market in the end allowed little variation to Thursday's final. - Realizing sales grew with . the course of the afternoon, 'and In, the last half hour in many of the leade rs most, if not all of the earl j rite waa cancelled. Lumber Business Of Northwest Is On Normal Basis One hundred and twenty-three mills report ing to West Coast lumbermen's association for the week ending September 8, manufac tured 84,558.505 feet of lumber, sold 82. 600.847 feet and shipped 70,628.983 feet. Produetion for. reporting mills was 2 per rent abore normal; new business 2 per cetlt below production. Shipments were 14 per cer.-t below new business. Forty-fixe per cent of all new business taken during the week was for future water delirery. This amounted to 37,120.847 feet, of which 27.591.631 feet was for domestic cargo deliv ery and 9.529.21 feet f"r overseas shipment. New business for delivery by rail amounted to 1516 cars. SEATTIE bid o" boncs BOPS RECEIVES AWARD Salem. Sept. 8.- Formal award of the $5,000,000 issue of bonus bonds on which bids were opened Tuesday morning, was made to Jefin E. Price & Co. of S-attle, by the bonus crmmisMon at a meeting Thursday after noon. 'The bid" on which the bonds were pur chased provides a rate of 4 14 per cent on $4,400,000 of the issue and 4 per cent on the remaining $600,000, a net cost to the state on the entire issue of 4.2 188 per cent. The original issue of $10,000,000 sold on a bid of 4.4 85 per cent- Funds from --this sale are exjected to 1 carry on the work of the bonus commission until next February. . Sam Francisco Poultry Market San Francisco, Sept- . U. P.) Broil ers,. 1H to 1 lb?.. 30$ g4c: 2 to 2Vi lbs.. 2S(oc30e; fryers, SO ft 32c: young roosters. 8 lbs. and up. 34 ( 3c ; craggy, 23 (a 28c ; colored old roosters, 1 7 1 8c : Leghorn old roosters, 14 15c; 1eghorn hens, 2 hi to 3 lbs.. 14$lSc: 8 lbs. and over, 1820c; large colored hens, 2Sfe31c; ducks, young. 18($2flc; ger. younc. 20 (S 22c: live tur keys, old. 32 & 35c; spring. 48 & 52c; Miuabs. fancy, 00 & 32c. Credltots Get Money Euaene. eiit. K. Creditors of the bank -rr.r ..t;lh''tv Vr"ncton lumber mill at Walton will, get 75 cents on the dollar, says J. S. Magladry, receiver, who is already mail- 1 1 made by V Red Rock -Dairy . V 3rd and Hoyt V Broadway VV 4930 Don't Merely Say COTTAGE CHEESE JeU your dealer "RED ROCK, please" It's just the food for the fall season. Builds blood, bone and muscle. No tice how CREAMY it is. ill The REAL Cottage Cheese NEW YORK BOND TRANSACTIONS - Reported tr The Jourmal'a Waa Street Bam Wall Street, sew Tork, Sept. 8. Interest attacked today to the eialek sal of IMW.IM of St. Lonl A Saa Francisco Railway company per rest eqalpmeat tf-nst certificates. the largest piece of 'fresh, financing 1b recent weeks. The bonds Were offered By av bank ing syndicate sabjeet to the approval of tbe Interstate commerce commission. They will mature In equal annual fa. stallments from September t, IMS, to September 1. 1S7, and are seenred on standard eastpmcnt costing abont ActlTlty to bonds oa tha toek ex change lay chieHy today la tke raO road aad foreign goremment sections. The former cronp, however, had the greater rise. -Most of the foreign ex ternal loans were scarcely changed from their final quotations of the pre. reding day and Httle response was made In saeh seen titles as the French and Belgian government issnes to the lower figures for the leading conti nental exchanges. Liberty bonds were higher most of the day. orfo)k continued tbe year. H Western convertible strong at their highest for Missouri. , Kansas A Texas adinatment as. when Issued, were a favorite among the low priced railway bonds. They got wen above yew Tork Central it made a new high and there were gains in such Issnes as tbe Canadian Pacific 4s, Pennsylvania 5, Delaware & Hudson convertibles. Chesapeake & Ohio con vertible 5s. Chicago t Kastern Illinois as .and Heaboarrt Consolidated 6s in the speculative list. Xew Tork, Sept- 8: Following is an offi cial list of all bonds traded in on the New Tork Stock Exchange today, with prices and sales, up to and lncludi the close of the market. Total sales today were $14,618,000, against tl4.262.000 yesterday. $11,035,000 a week ago, $10,665,000 a year ago and $8, 912.000 two years ago. From Januarv 1 to date $3,049,636,000. against 2.095.7t0.ono a year ago and $2. 564,630.000 two years ago. LIBERTY BONDS Sales. In IlO'Mi High j Low Close 8ilab SH :100SOil00T4ilO074 1 do 3 Vis reg. .lO0 i (100 1100, dO J-1 4S. . . . j lu'l-'I' 1 VU.Ujl VU-W dr 1-t 4Vi. .110074:1 0O6010O7 4 do 1st 4Vs ree10050:1004 10046 do 2d 4 .. .l0036!10O22il0026 2d 4s reEil0018il0012;10012 3d 4 .. . il0036;100210026 3d 4 Vis reg;10018:10014jl0014 4th 4 V. .110078 1006410068 4th4 Vs reg 10066 10OB4I1OO6: a, t Al-n I AIf BTt AAill 37 31 424! 71i 575j. 17, 602 71S 528 12 767 22 do do do do do Vic do do do 4 reg. . 4 s reg 4 i s . FOREIGN 44Argentine It 37Btlgum 7 Vis 27! do 8s 13 j dr. s 2 Chinese Ry 5s . . . 2. Bergen 8s 28lBordeauj 6s 20 it 'openhagen B H s . 6!hristiania s . . . 82Mareeilles 6s . . . . 11 iMnnreTideo 7s. . . !frt!l'rague 7 'is . . . 6Kio de Janeiro 8s 17 do 8s ctfs. . 1 3 Soissons 63 . . . 5 Sao Panl- 8s . 53 lept Seine 7s 1 1 Danish Mun 8s 2 Dominican 5s. . 241 do 5 Vis. . . . 48Dom Can 5 s nts 3 do 6s '26 147 do 5s '52 15 do 5s 31.... 843D K I rets 6s '47 405 do rets 6s 62 76Frrnch 8s 1011 do 7 til . 1 . . . 1 limp Jap 1st 4 Vs. 221 do 2d 4 Hi . . . 126 do sterl loan 17Denmark at 100721006S10068 10056jl0052;lO054 10032 10028 10032 'lO02Ol0018lOO20 BONDS 102 V, 101 T IOI T 105 jl0 104 H 105 99 I PS 53 HI 54 109 (109 82 W I 82 93 Vi 93 H 109 H ;109 4s 16 1 65 do ctfs 6 . . Italy 6s A. N ether rct 6s. do O '52 . . Norway 8a RSI.Swedeu Rs . . . aOlBoliria 8s . 10 6 4 5 29 9 Chile 8s 2. . . . do 8s '41.... do 8s certfs . Cuba 5s 04 . . . Czech'lovakia 8 Cruguay 8s 2 Queensland 7s . . 6 do 6s ctfs . . . . 20Swis 8s 4iR i lit Sol 8s . . 2Sao Paulo Rs . . 2 VKGBAI5 hi '2! 41 do 5 '29 . . 8 do 5 H '37 . . 46 U 3 of Brazil 8s. 4S do 7 H s 16 do C '54 8 U S of Mex 5s . . 7j do 4 s 106 X 105 1 00 4 109 83 93 109 83 93 V 84 H 100 101 so 102 91 110 97 V4 91 1 02 H 100 99' 100 97 fid K 101 98 94 94 82H 111 89 96 H 96 96 "4 11214 106 H 99 H 102 H 104 104 93 96 96 111 14 103 121 V4 100H 101 h 100 108 105 4 101 88 90 56 hi 43 821k 93 83 14 99H e: 93 hi 84 100 100 v. !10l 79 hi 101 hi 90 1094 97 V 90 1102 hi 100 I 99S 100 I 9a 95'5s 101 hi 98V4 94 H 94 81 110H 99 OHhi 95 Vi 96 14 112 105 M 98 14 102 V 103 104 98 95 95 111 103 hi 121 10014 101 100 14 107 105 101 14 87 hi 84 56 43 80 102 90 110 97 14. 91 102 "4 10O hi 9 K 100 96 14 96 14 101 98 14 94 94 82 111 994 96 14 95T4 96 hi 112 14 106 98 102 4 103 14 104 93 96 , 96 111 14 103 S4 1121 14 100 14 101 14 10014 107 105 101 87 14 90 5614 I 43 CITT BONDS UN T City 4 14 s -57:107 1107 1107 101 do 4 ls '63. .. 1081 108 W 108 la 4 do 414s '64...I104 1104 1104 MISCELLANEOCS AND INDUSTRIAL BONDS 27iAjax Rub 8s. . . . 98 27 Am Agr Chm 7 V4s:105 6 do 1st cv 5s. .1 99 8jAm Cot Oil 5a . . I 91 59 Am Kmelt 1st 5s 95 14 29IAm 8ugRef 6s. 1104 H l!Am T&T cvt 6s reg. 2a .... 1 1 1 1 do 6s (116 do col tr 5s. .4100 5 13 7j do cvt OsC. 4i dr. 43 . . . . 7 Am Works 5s 3!An Wr Pan 6s 281A Jorg L'n Marl cvt 6s . . 25Armonr rl ea 4 14s 16'Atl Ref deb 5s. 5;Bell Tel Pa 7s. ljRarnsdaU 8sA 5 Beth, Steel ref tij do p m 5s. . lOjBraden Cop 6i. 2JBkln Ed 6B. . 12 do gen 7sC . 17jBklyn Ed 7s 17S do 5s . . . . . 50 Bklyn In, Cs 4 Bush Term os. . j 8;Can en El . . HCent Fdy 6s . . . .1 lirent Isther g 5s 5Ter d Pasco cvt 8 5s 120 93 82 86 14 97, 98 , 104 105 99 99 91 I 91 94 1 MS, 104 T104 117 116 99 14 120 93 81 14 86 la 80 91 99 14 108 106 97 93 25,Chile Cop cvt 7s 21 do- col tr 6s . .! 20 Cin Gi i E 3 14 a SjColo ftdus 5s 4) da 5s sta . . 1 'Com Cables 4s 1 iConiD-T Keo 6s 10 do Ai bar 7 VsSi 3 Con Coal Md 5s 1 (Cuba C Sua c d 7s 13) do 8s sta . . . ' liCub Am Sue 8s. 10Denver Gas 5s . 25jDet Ed rfg 6s. 5! do rfg 5s SiDia Mstch d 7V.S 2 CHsU Sec cvt 5s. 22; Don Steel ref 7s. ft Dup de Nena 7 14 s 1 1 lima LtPwr 6s 533 EraGsFcvt 7 i 7 11-isk Bub Co 8s. .HOT . 2iFramera lnd Dev) I deb 7 Ha 1 5T4 18 Fran 8ug 7Hs..,J02 6i6a 1 deb 6a. .il08 6) do deb 5s ;102 13Goodrch 1st 6 14a 192 27Kidyv TAR 6a '41 116 80 14 92 99 108 106 97 64 liooi-oo . . 103!103 . .1106 Dil08 . . i 1 00 7sll8 94 105 85 98 129 106 94 99 80 96 78 98 lO0 92 89 93 106 90 105 7 107 96 94 108 103 117 116 99 120 93 82 86 621 do 8a '31 22 Hoi Am L. 6e rets) 2 Humble Ou Refi ( deb 5 a 1 ilnd Steel 5a. . 5 Intr Agri 5s 8 Iatr Cement 8s BIatr Pao Sa 9 S7Untr Mer MrSFs) . 6,h;eUy SpcfM t 81 1 Lack Steel , Sa. . 1 Tt-orilhud 5a ... 6 Man Sag - debt I 7-a ctfa . . . llMar t s war. 3!Mejc Pats 8a. Mid Steel cvt Sal Moat Po o 1st ' orris e- vo Vt si 3 New Enf T . I 1st 5s A, . 12S T E Co it Ht f.,N T Gas, El L U 1 A P Co per 4sj S do 5a 4N I Id deb 6s. . do sm 4 . 401 do -- ref . . . SOiX Am Edi s SiSor Ohio. Tr a f U 1MH 88 lOO 101 82 110 89 93 108 92 99 99 120 17 99 95 H 112 84 99 197 93 107 97 lNor SUtea Pow siai J11 80 91 99 hi 108 108 97 93 100 103 105 Vi 105 108 1108 89 (99 117',118Vi 94 I 94 105 105 85 85 98 98 128 128 105 106 94 94 99 99 79 80 96 96 78 78 98 98 100 100 91 91 89 89 92 92 106 106 89 89 104 104 97 97 107 107 98 I 96 94 I 94 107 1108 105 97 107 95 102 107. 105 97 107 95 102 14)7 1011101 102 1102 1151115 1014)0 68 183 I 100 110 191 1101 81 HO 89 S 108 92 9 129 16 X 95 99 112 h M4 9 107 93 10T 9 06 8: 110 89 93 IMS 92 99 99 hi XS9 107 so 99 93 7 112 84 99 107 93 V 107 9W 96 101k Sales. Df $1009 1 Hlgtt- Low, Ctoaa. 6jNo 6ts Pw 1st Sal 94 14 liN-W BeU Tel 7.lOT 107 ltOtia Steal 8s.. .!100,100 Hi do 7a '4a.. 95 95 jPae GaseVKl 5s. 94 93 lStPae T T 5s... 1 99 V8 48) do 5s rets W4 93 H; Packard Mot 8s.. 107 107 6 Pao Am PAT 7s102 101 6 P-pis GAC Ch 6a 108 108 8!PhU Co ref 6a. 102 100 2 Pub Ser N X 5s.. 89 89 12 Pun ASg e d 7 s 110 109 2 5, Prod A Ref 8w. 102 102 24, do 8 111 113 lOiHra A 1st 6s A. 95 95 3 Saks A Co 7a... 100 100 12, Sine C Oil Cs. 9 99 104 do cvt 7a... 105 105 . 127 do 7s rebv. . . 101 (100 6;8harn SU Hoop 8s 98 07 5 So Port Ric Sg 7a102 102 6,Sou BeU TAT 6s. v9 98 1 Stan UasAEl cv 6a 97 97 72 Stand MUling 5s. 99 98 14 8 O of tal deb 7s 106" 105 SiTidewstr Oil 6,103 103 S4Tol Edi 1st 7s.. 108 107 7tU B A P Os etfs 100 99 10tU Tank Car 7s.. 104 - 4jCn Drug 8s.... 112 SICn Fuel Gaa 6s. . 98 1 Sit; S R A I 6s. . . 98 .". IT 8 S Crp 6s ctfs 98 9U 8 Rub 7. . . 109 74 do 5s 90 ljU S S R A M 6s 100 27 V SU f 6s.. 103 1 Utah PAL As. . 93 2 Va CaroChem 6s. 100 S2 do 7s rets A. . 98 3 do 7s 105 90 do cvt 7 hi sA war 98 4IWmr Sua Ref 7bI102 14 HlWest El 6s 1W V rl est 4 s. 2jdo 6 s 1 Wstohstr Lt 5s . 18 Wstghs El 7s IT Wilson 1st 6. . . 761 do cvt 6s . . . . 140j do 7s RAILROAD 1 lAnn Arbor 4i. . . 891ATASF gen 4s. . 1001 do tr 8 L 4s. 7i do Rocky M 4s HAtlAChr Ar LiSsB 16AtlABmhm 4s. . . SjAU Danville 4s. . 4 B A O 6i do ref 6s do cvt 4 s. . do pr Ben S sj 9 107 100 95 : 94,' 99: 93 107 101r 108 101 8: 110! 103 113: 95; 100 9i 105 101 97 102 99 97 99 106. lOo"7 107 100' 104 (104 U 11 98 98 112; 98-" 93 109 1109 90 I 90 100 11 005 103 1103 931 931 100il00 98j. 105i 97 102 100 93i 113 994 1 or: 15 23 101 19 1 80 do4s PLEAWjIv tCd d 6s do 4s T1A do 3sSwndv.rS93 22Bkyn Rap T ref I cvt 4s 51 do 6s 5 j do tr 5s cjfs. . J 4 do tr 7s. i. . . . 5iB R T 7s tr co ctf l'B V E 1st 5s. . . SiBush Term con 4!Can Sou 5s. . . 7,t'an Nor 7s . . . 91 do deb 6 s . . 14 8!Can Pae 4s 19(Cen Ry of Baa 7s. 13 do 7 s C. . . .j 12 Cen Pac 1st ref 4s ISC PS L 4s 3C R R of N J 5s. 5 do rejd S8iO A O cvt 5s ... 3 i do gen 4 s . . 49 do cvt 4 s . . 5'C A O CoaJ riv 4s 30!Chic A Alt rfg 3s. 1 do 3s 10jC G Q ref 5s . . .1 71 C A E I 5s ! 17iChl Gt W 4. . . IChilndALv 1st 51 do gen 6s . . 87!C M A St P 4.sj 81 do cvt 4 s . . 63 do rfg 4 s SA 111 do cvt 5s SB . . II do 4s III do deb 4s. 34 CM PgtSd 1st 4a! 1C N W 7s. . . 6 do g m 4i . 41 do gen 5s . . 7Chi Rys Co 5s 1901C R I rfg 4s. . 3iC SP MAO con 6s 5 Chi U Sta 4 a 3Chi A W lnd 7 a 31 do con 4s 1 iCleve S Line 4 s 6 Cleve TJ Ter 5s 2 Colo A S fg 4 s 1 Conn Ry 4s 1 Cu R 1st 1 r 7 s 4 do 1st In 7 127lDel A Hud cvt 5s 3 do 5 s 10 do ref 4 . . 1 do 7s 12 D A R G imp 29 do ref 5s 1 7 do con 4a 7 Erie 1st con 7s ext; 19 do gen hen 4s 36 do pr Hen 4s. . 2 do cvt 4s A. . 29 do cvt 4s D. , 1 Gr Tr of Can 7s 1 do 6s . 23iGt Nor 7s 10 do 5s SiGela ValGAOIstSs liHav El RyLtAP 5s lHVal 1st con4 s 5K A M ref 5s A. 5) do adj inc 5s. 2fni Cent 5 s. . . 4:111 C A C St L A N O it 5s A 2!m Cent rfg 4s. 37111 Cent 4 4lInterb Met 4s. 20j do ctfs 4 s sta 1H1 mt Rap Tr rf s.1 97:lnt Rap Tr cvt 7s 98 105 97 102 100 100 I 93 i 93 14 113!113 ( 99 I 90 II OS ,107 1102 10lH0i; 97 I 96' 9Tr 107107 11071 box rs ; 71 1 71 I 711 93 93 ! 93f 88 8 84 85i 100 iooi 69 72! 80 80: 102 102; 91 91 86 hi 8 95 95 83 84' 71 71 82 831 88 85 100 7 2 80 102 91 86 95 I 84 .VQ. 6! 60 91 91 90 92 in. il 114 83 93 90 86 110 108 98 90 90 87 66 36 101 86 58 5sl 85 . .1102 89 75 68 78 85 74 74 110 91 108 82 85 108 92 102 77 99 105 90 52 106 107 100 101 92 112 81 48 78 106 55 67 52 55 114 105 113 104 99 8-7 90 87 66 101 5s 1! do rf 5s bks -ctf s 7 do 6s. . . 7ilnt Gt Nor 5s notes ctfs 349;lnt Gt Nor adj 6s 35 Int Ot Nor 7s. . . 5 1 do tis A . . . . l'lowa Cent 1st 5s. 26 Kans -C Ft 8 A I Mem 4s . . . . 6, Kans C Sou 5s. 16) do 1st 3s. . . . 51 Kan C Ter 1st 4s 2 Lk SAMS 3 s db 3jLeliigb Val 6s.. . lOlLong 11 ref 4s. 4:LouisAJef bridg 4s 5,L A N 7s ... . 3 do uni 4s . . . 1 do S N Ala 5s 5 Lou Li A Ark 5t. lOi do A NW Bs 71Man Ry con 4s.. UiMkt St Ry con 5s 161 do 6s UMich Cent db 4s. 3 (Mi SpartANW 4a. 10,Min St L con 5s. 71 do 1st rfg 4s. . 4 do rfg 5s. . . . 14) do SS Mar 6a 111 do 4s 9 MEAT 1st 4s ctfs. 18 do 4sB 09 91 84 15 15 73 96 73 80 8t 68 55 101 97 81 83 91 71 85 95 ;104 3 3 109 93 102 92 75 72 88 94 03 91 79 45 44 106 90 , 84 74 88 66 98 93 103 69 2071 do 6sA 678 do adj 5sA. . 128 do 6sC 1 Mo Pao 5s 17 do 6s 96 do gen 5-4s. 5 Mobile A Ohio L A C 4s 7 91 1 Mont Tram rf 5s. I 91 27 Nassau El 4a ...f 58 6 Nash C A S L 5s100 u: Kys Mx4a Jly 81 2;N O term 4s. . . 81 4 N O T A M in 5s 77 2 N Y Cent eon 4sJ 85 56 do deb 6s . .107 4 5)NTCAHRrAI4 aj 90 81 do gen 3s. . 81 1 do 4s ..... 91 819f do 5a 99 1 rNTN'HAHdeb 6a. 85 3! do cvt 8s . 52 231NT NHAH d 3s 62 8 N T Rys ref 4s. . 88 13j do ref 4s t e c 38 2 N T S Rys c S s 52 10 N T W A B 4s 67 6;N A W con 4s . . '94 51S do cvt & ... 124 79!Nor Pac 6s B... 110 2 do pr In 4s . . 90 10 do 4s reg 88 2 do era 8s . . . 64 18: do ref A imp Si., 100 Or bh Line rfg 4sl 93 2iOre W R N 4s 1;PBR of Mo 1st 4s 41 to 2d Ss . 78 P-LM K R 6s etia 21 Pa R R 7s 24 do 5s 15 j do gold 6 a. if do cons 4s at. 7iPhil By s . . . SIP H I. A P 5s '30 ? 3 Reading gen 4 I Bio a. A W let 4s SOI do eol tr 4s. . . IT S I A A L 4 s. lOiatUM A 8 cea 5 si 1 do ref 4s 2. Scioto Val 1st 4 s 58-StLIMAS RAG 4 si 22'SLASP P 1 4s A. 7 do 5s B 19 do gen s C - . . 47 do adj 55 do lac do sen 5s r. US L S 1st 4s 191 do cob 4a . . . . 71 do term 5s liSTAK C SLittN 4 H5 89 97 76 113 103 111 91 52 1 88 80 70 83 n S 99 87 7S 100 84 79 97 80 89 83 1, 5 8 64 60 89 89 90 92 100 1 14 113 82 91 93 90 86 109 108 98 89 90 87 66 36 101 8S 58 85 102 88 75 68 77 84 74 74 110 89 108 82 84 108 93 102 77 99 105 90 52 108 107 99 101 92 112 81 48 77 106 54 66 62 54 114 105 118 104 99 87 90 87 66 101 09 91 83 15 1 5 72 96 73 80 68 54 101 91 81 82 91 71 84 93 103 83 3 108" 93 102 .92 75 71 "4 94 t 03 91 79 44 44 106 90 84 73 87 64 97 93 102 68 -91 91 57 100 81 80 77 85 106 90 81 91 99 85 . 51 51 88 v 88 52 57 94 123 109 90 88 4 99 93 84 89 97 76 112 102 111 91 83 91 86 80 69 84 99 99 99 8 T3 89 199 84 78 96 8O 80 88 84 59, 60: 90; 91? oi 92' 100; 1 1 4 1 1 3 83 92' 93! 90! 86: 109 108; 98; 90i 90' 87: 56' 36" 101? 85 68i 85! 102: 89! 75? 68? 78i 84i 74! 74 110! 911 108j 82;-8T.i 108 92 102; 77; 99 ins 90; 62 106 107? 100 101' 92 1 1 2i 81! 4 8; 77! 106! 54 67 52 hi 54 1 14 105 113 104 99 87 90 87 ' 66 101 99 i 91 84 IS 13 73 96 73 I 80 68 54 101 01 81 83 ! 91 71 85 95 104 ! 83 83 108 : 93 102 92 75 i 72 88 04 j 93 91 ( 79 44 r 44 106 no 84 ' 74! 87 65 i 98 03 103 ! 69 91 91 I 581 100 31 r 80 77 85 ; 106 90 '81 ; 91 99 83 f 52 52 881 38 62? 67 94 124 109 90 88 64 100) 93 85 89 ; 97 H 76 112 102 111! 91 52 86 i 80-i, 70! 85 99 90 90 87! TiH CO ? 100 84 78 99 89 f 80 831 i 8 3 MIL EFFICIENCY TO BE TESTED By J. O. Ravi (Copyright. 1922. by The Journal) New Tork. Sept. 8. Troth or falsity of conflicting claims made by labor leaden and railway executives as to the condittan of roll ing stock throughout the coon try will be defi nitely tested within the next week- Tbe re sults of these tests will have a strong bearing en both the time and tbe terms of the settle ment of tile ghopgnen's strike, especially if agreements are to be negotiated between the strikers and inffiwlaal roads. Tho ability to load and move freight ears in tbe next week will furnish this teat and it will be a severe one. Tbe gravity of tbe situation is folly real ized by the railroad executives. This ia plainly exemplified by tbe announcement from St Louis that the St. Louis A San Francisco railroad has ordered 1000 steel coal cars to be deiiverrd immediately and has bought 15 passenger and 35 freight locomotives to be de livered by the first of tbe year. Rush Coal Mining Union mines in the Pittsburg district are prepared to mine 250,000 tons of coal a day, or at the rate of about 75,009.000 tons a year, according to a telegraphic report received from Pittsburg today from a trained observer In mine conditions. The normal output ranges from 50.000,000 to 65,000.000 tons a year. When the strike started April 1 there were about 4 5.000 union men in the district with only one-third employed. Now. operators are preparing to put every man available up to 60.000 to work at once. The loading and transportation of this increasing output ot bituminous cosl will provicde sn scid test for the Eastern carriers and it will be a fair test. The holiday at the opening of the week gave the roads a chance to clean up, concentrate and place cars. Similar tests will be applied by increased coal production in other sec tions of the country. Ford May Suspend Word waa wired from Detroit today by an expert in automobile production that Ford gives no intimation that he will not carry out his intention of closing the Ford plants Sep tember 16. He continued today to refuse of fers of what he terms "bootleg" coal and as serted that unless he could get coal from his own mines or from other sources at about 34.50 a ton, his plants will suspend. He is still clinging to the hope that the' Louisville A Nashville railroad will permit his railroad to run cars to his own mines st Bannerford. If this permission should be granted within the next 24 hours, it is possible Ford plants may remain open. Iron Demand at Peak, The peak of the demand for iron ore prob ably will be reached within the next week, according to dispatches today from Cleveland. 'f he mines are turning out a red flood of raw ore and almost frantic demand tor pigiron is causing steel manufacturers to bring every pressure to bear on the railroads to move lt to the furnaces. On the supply of pig hinges production of other steel products. The urgency of the demand for ore transporta tion can be judged from t!he fact that pigiron prices now are 4 per cent above the level of January 1 and are ranging from 330 to $34 a ton in some instances. This pressure will test out the car equipment of the Midwest roads. In the great grain-growing states the ele vators are full and the press ire to move that grain to market and shipping centers is in creasing steadily as tbe work in the harvest fields progresses. In some instances, according to word from St. Paul, wheat is being stacked on the ground waiting shipment. The cotton crops of the South shd Southwest must be moved end moved swiftly, seconding to word frran New Orleans. Fruit growers who have already suffered heavy loss are clamoring for cars all the way from the Pacific coast east ward. The fir lumber of Washington and Oregon and the pine of the Southern forests are stacked awaiting shipment. The pressure of theee demands for trans portation will test roads in every section thor oughly immediately. The carriers who can answer the call upon their equipment satis factorily will be in far better shape to oppose wage and condition demands in negotiating for peace agreements than those who fali in this emergency. NEW INCORPORATIONS Salem. Sept 8. Max Church. W. K. Peery and V. H. Hollensted of Portland haTe Incorporated the H. D. Douglas Lumber com panyswith a capital of $10.00. Articles for the new corporation were filed with the state corporation department here Thursday. Articles were also filed Thursday by the Phi Gamma of Corvallia, capitalized st $100. The incorporators are Frances Nicholson, Loretta C. Becker and Sylvia Wood. ST. I.OI IS EMPLOYMENT SHOWS ISCBEASE SINCE STRIKE END Bt. Louis, Sept 8. Employment baa in creased in all industrial lines in this section wlthort exception since the end of the coal strike. Production is expected to sustain its maximum within the next few weeks. Buying power is slso growing. ... The inferior transportation service, which is delaying shipments of coal and lessening whole sale trade, remains the sole check on business. Commerce Is settling down to s steady, rhythm and the general attitude of business men is one of satisfaction. Steel fabricating companies report the larg est business they have had in years About half their orders are for use on public improve ments and half for building construction. Rail way equipment, supply and building material companies are receiving large orders. General contraction is increasing. Chicago Dairy Produce Chicago. Sept. 8. i L N. S. ) Butter Receipts. 8946 tub-. Standard. 36 c; extra firsts. 85 3 7c; firsts. 32 & 33 c; .pack ing stock, 25(8 2 6e. .... Eggs Receipts, 10,440 cases. Miscellane ous. 27 28c: ordinary firsts, 25 & 26c; firsts. 2K29c; checks, 1920e; dirties, 20 21c per dozen. Cheese Twins, new. 20 c ; daisies, 20 (i20e: Young Americas, 20 c; longborns, 202Io; brick. Iug 20c. Live Poultry Turkeys, 25c; springs. 22c; roosters, 14c; geese. 20c; aucks. 18c rorelgn Exchange Market New Tork, Sept 8. (U. P.) Foreign ex change opened steady. Sterling. $4.44; franca, .0773 , of f 4 ; lire, .0435. off ; marks, .0007 . of f . Foreign exchange closed steady. Sterling, 84.45: francs, .0774; lire, .0434; marks, .0007. First Jonathan Apples Wenatchee. Wash.. Sept 8. Beebe or chards hauled their first load of Jonathans Monday, according to Grace D. McQuarie of Chelan station, who was in Wenatchee Tues day shopping. She states that the Jonathan crop up there is prolific and the apples are large and coloring well. They are picking for color now. San Francisco Cash Barley San Francisco, Sept 8. Barley Spot feed per cental. 81.17 1.20; shipping, $1.25 & 1.35. Sales. 1 1 38 60 7 3 68 4 1 IN- $1000 I High. Low. S A A A P 1st 4s. 70 SAL gold sta 4s.; 59 do rfg 4s j 46 do adj 5s 29 do con 6s ... .1 69 Sou Pac cvt is . . 93 do rfg 4s ....191 do col tr 4s 88 S P S r Term 4s. I 84 16;Sou By gen 4s . - 71 42 do com 6s . . .'100 60 1 do 6s )104 12jTenn CI RR 6s.l00 2 TexAPsc 1st 5s. j 98 7IThird Ave rfg 4sj 67 86i do adj 5s ... 68. 2 Term Assa of L rfg 4s . . 7ToiAOCen 1st St 5s 11 To3tLAW 3s.. -I 51 do 4s.. lOiCn Pac 6s. . 2 do 1st 4s 641 , do cvt 4s 111 do ref 4s. 44 Va Ry 5a . 25jVaAS W con 5s. 88 1 Wab Tol A Ohioi 82 92 93 73 .(105 . 95 .1 95 -I 90 1100 79 59 45 29 69 93 99 88 84 71 99 103 109 98 66 67 I Close. 79 69 46 29 6 93 91 88 84 71 10W 104 (100 I 98 I 87 I 68 82 I 82 99' I 92 93 I 93 73 73 ( 8V 48 tSfWest Md 4s . . . 7)Weht Pac 5a SiWeat Pae 6a. . . - 2; West Shore 4s. 79 68 87 i 97 I 84 103 94 95 99 99 4 99 86 79 68 87 97 105 94 95 99 , 88 78 68 87 I 9T 84 ! 84 STANDARD OIL ISSCErt - 900, Anglo Am Oil .. 20 400jAnelo Am Crp SAj 14 301 111 Pipe Line .-..171 365 lac (Hi of Can. ..;113 460O;Int Pet Co Ltd. . lUMiPexm Uex.FueL. SO So West Pa Pipe-: 15' Southern P L. . . (1K09H O lnd .......118ill OOO IS O fcy new. ... 1108 1I0 20 I 24. I "i 1 221 22 28 1 2o 95 f 95 acuuat Oil .J4 II J4I9 J4 20 St 171 113 22 2 83 95 118 108 WALL STREET STOCK QUOTATIONS Reported by Ovarbeck A Cooke Co. ! (Wail Street Ftnaadal Review) New Tork. Kept. 8. (U. PJ In A s66loB la whlek the total tmra9Ter tab beyoad the miTXioa tkaret, stocks rTe ametker deaaonttratioa of gtreag-tk. New algal far the pre seat ball mar' ket -were scored by Norfolk A Wester, Delaware A Hadaoa aad P. I. A VT. la the ran rro aad ay Asaericaa IVool ea, Baldwia. Pallmaju Araertcaa Loco. motive, American Ice aid many otter iadsstrials. Is. view of the tactics employed la tke operations for tho rise, whlek -was characterised by sacceasive oatkreaks of baying- is variont rroaps, stsdeats of the market wore watckiaj for si" of dlstrihatloB. Sale STOCK 500 1 Adams 200Adv Rum t do pfd 70OAgr Chem 20O do pfd 5500Ajax Rubber ... (Alaska UoM . . . Alaska Juneau . 6 600, A Hied Chem .. . 1500jAllia-Chalmers . do pfd , Am Beet Sugar SOOOiAm Bosch 460OAm Can Co .... High. I Low. I Bid r .... I no 'Fdrjr". J'42 . 83 2O0I do pfd WOOlAm Car A Fdry. do pfd 600 Am Cot Oil . , . . do pfd 100 Am Drug Synd . Am Hide A L .. 100 do pfd 17001 Am Ice 1000Ara IntI Corp .. aoniAtn Linseed .... 40O do pfd 8200(Am Loco 1 do pfd 200,Am Saf Razor. . . '72O0Am Ship A Corn . j 1000Am Smelter I do pfd 5001Am Steel 120O-.AB1 Sugar do pfd 2700 Am Sumatra . 35T10 Am Tel A Tel. 400 Am Tobacco . . 600 do "B" . . . 14600 Am Wool . ..... do pfd . . . . Am W pfd 1 00 Am Zinc 4200, Anaconda .... 1300Asd Oil 2300 Atchison do pfd . . . ISOOAt Coast Line 3O00AU tlulf A W 18800 Baldwin Loco . . 100 do pfd 3lOOBalto A Ohio. . 1001 do pfd. . . . laumrjsrnsaeii Lorpn j i.oou;Mein steel u 400:Booth Fish . . . lOOOjB R F Butte C A Z. . 200,Butto A Sup. . . 2200Burn4 Bros . . . 100fsddo Oil . 300;Calif Packing . 290fljCalif Pete . . . . I do pfd. . . . . SOOUiCanadian Pac . 2500jOnt Leather . 900Ct-rro de Pasco. 2 700 ICon Textile . . . 12S00jChandler Motor . oiiu ni dt w . . 400 Chi Gt W ..... do pfd . . . . 6100 Chili Cop ... lOOOChmo 8700 C M St P ... 6200 do pfd 1 500iCoco Cola 46001; AO 500;tVlo F A I. . . 100'olo Sou 1700lCc4 Gas A Elec. ; 21 io" 71 13 89 59 45 t3 109 191 'is ' ' "6 '74 122 85 35 I 55 1124 78 20 '39' ' 70 11 7 19 65 40 123 168 164 102 ' 1 7 '" 68 120 ..104 - -1 . .1119 I 32 134 114 58 78 20 86 89 70 12 1 88 68 101 46 44 63 109 188 122 28 65 6 14 72 72 120 1121 35 I 33 35 I 35 55 1 54 122 423 U9 6 I 6 171 18 64 I 65 101 88 581 43 63 109 190 "27 ' "6 42 83 37" 1122 1167 1163 (101 I ' I IJVOOtCol Graph 11400Con Gaa .... 900 (Cons Cigars . . I 'do pfd .... - 1600,Con0 Can . . . (City gv Banker 7500iCorn Prod . . . j do pfd .... 1870fiCosden Oil ... 6400,C R I A P. . . 2001 do "A" pfd. 2001 o "B" pfd . 78O0Crucible I do pfd lOOOICuba Cane . . . IOO do pfd .... 1800iCuban Am Sugar (Del A Hudson . . . ZOoHtome Mines . . . . 6400jl LAW j Davison Chem . . 2100Kndicott Johnson 43p0lErie 900j do 1st pfd. . . . 1600! Elec Storage Bat. 7200jPamous Players . F M A 8 8001 do pfd SOOjFisk. Tire lOOOIGen Cigars 100 -Cea Elec 6ROO tien Motor 900 do 6 per cent . 7500 ien Asphalt 300 (Joodrioh Cnriden Oil A P. 200Granby 700i;t Nor Ore-. 4800! do pfd . . ICreene Cananea 1400!Gr.lf 8. Steel 1 1 010 Houston Oil 29O0;Hupp Motor . . . . 2700jllla Cent 600! Inspiration lint Agr Corp com. I do pfd HOOjlnterboro 90oj do pfd 11 lOO Int Callahan SOOOllnt Harv 500!lnt Me Ma 26001 do pfd 900. Int Nickel S800'Int Paper I do pfd 2000InvincihJe Oil . - . 40O Island Oil 1 00 Jewel Tea 200K C Southern ... 37 78 28 30 137 11 : 82 65 149 42 ' 41 11 64 94 7 24 31 i 34 53 71 77 32 49 106 3 144 87 91 120 50 48 98 87 97 14 39 26 I- I 89 1136 I " 89 16 I 25 48 104 ' 59 12 82 U78 rs4 85 69 35 82" 40 04 84 " 84 19 113 42 1001 do pfd 8 7 0O Kelly-Spgfld. . 2200 Kennecott . . 1 1 00 Keystone Tire 1300 Lack Steel . . 600iLee Tire .... 1400Lehigh Valley 600Lorillard 7200Loew Theatres . . 1300 LAN ; 1000 Lima Loco . . . . . Maxwell Mot "A" 1000 do 1st "A". . . '130O Msy Stores 27000 MexPet 100 Miami . 4400 Mid States Oil. . . 4000 Midvale Steel . . . 2700 M K A T wi 1900 do pfd wi. . . . Mont Power 2000 Ment Ward 1 200 Mo Pac 3500 do pfd 8100 Mex Seaboard . . . 6 OOO Mar land Oil 800 Martin Parry 5600 Nat Enamel 2700 Nat Lead 400 Nevada Con . . 8300 New Haven 1 1 1O0 Norfolk A W. . . . 8500 Nor Pac j Nova Scotia Steel oooi r Air Brake 10O0 N T Central . .:. 11100-North Aaa .... 19200jOkia Prod ref.. (Ontario Silver . . 900, Ontario A W... 400 Otis Steed 600i Pacific Dev 900 Pae Gas A Elec. SOOjPanta Allegro . . 291O0!Pacifie OU 1120OtPan Amn Pet.. 5 200 do "B" .... 4600Penna 200Peo Gas 2200 Pere MarunetU . 8300 Pure OU ...... 23 4 00 Phillips Pet . . 100 Pierce Arrow . . 14 O0 i Pierce Oil 3300 Pitta Coal 7 00, Pitta A W Va. . 500 Peon Seaboard HOOiPressed 8tel Car! 13300;PaUman 1000 1 Ray Cons ... 1430O;Rading 700 Remington ISOO'Replogle Steel SOOOJBep IAS SOOj do pfd tReo Motors 10200 Royal Dtrtch OU. 300 :Ry 8teel Spf... .....IS 0 Ky 2900-Rear Tloebuck .. iShattnek, Anx .-. .iSheil T A 11 09 Sinclair . iataad Oil lnd SOOiStaad Oil N J. . SOOlSiaaa Sbef . .... 3000;Su Pacific .... 1 4 9 114 14 58 17 60 ii'' 16 25 57 44 87 8 79 25 71 180 20 139 64 19" 133 194 30 13 83 19 48 23" 23 60 20 41 30 63 109 17 33 124 89 78 98 93 3 27' ' 11 4 84 49 59 82 78 46 94 89 33 63 11 7 71 40 7 89 134 18 81 41 83 72 98 I 59 11 1T 81 7 5 9 55 1 1 103 103 H2 4 83 110 39 166 163 101 109 31 18 55 116 11 8 80 131 114 57 37 78 9 25 SO ' ' 186 11 81 63 148' ' 40 '4 40 11 62 9.4 - 7 23 30 33 52 70 76 31 49 119 32 133 114 58 65 86 78 9 25 6 29 4a 136 11 81 64 94 148 41 40 11 64 93 7H 18 24 80 33 52 69 77 81 49 05 105 8 3 42U42 87 75 00 20 119 1118 49 47 98 87 96 98 14 38 25 V 131 39 136 49 88 15 25 47 102 14 59 12 81 178 14 83 68 95 14 31 40 94 33 82 84 19 13 41 4 9 1 4 9 12 14 57 17 59 85 14 16 25 57 43 87 8 78 25 71 179 19 4. 188 63 57 lfi 133 191 29 IS 84 18 47 72 22 22 69 19 41 80 63 108 17 32 124 88 33 76 97 94 2 6 26 11 4 83 49 58 81 77 46 93 88 8J 4 11 7 71 89 7 86 6' ' iis " "49 47 98 87 96 ii' 89 28 39" 133 88 15 25 47 102 '59" 12 81 173 14 84 68 85 31 40 94 83 82 19 111 41 1 4 8 114 14 57 17 59 14 16 25 57 42 37 8 78 23 69 hi 179 19 139 63 i r k' 130 . 190 29 18 34 18 47 22 22 59 19 39 30 61 107 17 32 123 88 97 90 2 28 11 4 83 49 57 80 76 46 94 38 33 53 11 7 70 89 7 87 l$5l35 16 79 39 32 09 93 58 !17 89 34 118 186 .ft0 I t 117 118 33 galea. ) STOCK SlhOoiS O Cal . . . . 200i8 L c 8 F .. 1 900 Strom berg Carb 27300 Studebaker Stft A Co. .. Teaa C A C . 11 8OO Texas Oil ;.. aOO Texas Pac ... 860O T P C A' O . 8600 Tob Product 62C0Tran Contl Oil'. SOOlCnlon Oil Del 2800iCnion Pac . . . lOO Cnited Alloy . 1800 I OOO 100 700 600 10200 6000 6000 " 900 IOO 17000 600 2700 1OO0 IOO 4O00 800 I'nited Food Prod. I nltMS icrait Virion B A I' IT S C I P In Retail Slnel U B lnd Ale. . . U S Rub do J st pfd , . i: S Smelt U S Steel ...".. do pfd Va Chem . . . . . do pfd Vivandou " ', High. I tow. W4 29 118 30 58 Isaac 107 600 Wabash 6300 do A pfd.-. . rin ft nfd . Wells largo . . astern Pac . . rin rtfs Western fTttimt West hse A B. do E A M. . 800 600 900 500 IIOA! SOOOlWhito Motors . . . 600 Willys-Overland . 700 do pfd , 11 00) Wilson Packing. 200 Wisconsin Cent. j Wool worth . . . . 800j Worth Pump. . . . 1400 W A L K ..... , lSOO While Oil 420OWhite- Eagle Oil 7001nhrnm . 79 Total sales, stocks.- 1.112,700 shares; hoods, $14,169,000. CHECKS MAILED TO BANK DEPOSITORS Collections amounting, to approximately S50.000 on notes and stock assessmenta due to the State Bank of Portland will be af fected through the payment of a 20 per cent dividend to commercial depositors of the bank, now in. progress, according to Frank C. Bramwell, state bUperftritevident of banks. The clerical force of the bank on the. seventh floor of the Spalding building waa busy Thursday mailing checks to depositors and officials of the banking department stated that an aggregate of approximately S245.000 would be distributed to tne "sou commercial oe posltors. Where depositors are obligated to tbe bank for loans or trr assessments on stock, the 20 per cent dividend wculd be credited to their accounts on the books of the bank, it was stated. An order foe payment of the dividend waa issued by Judge Walter A. Evans Tuesday morning. "At the time we paid an assessment of 40 per cent to savings de positors we had on hand sufficient lands to make a similar dividend to commercial de positors." Hramwell stated, "but owing to litigation then pending the circuit court sus pended its order for a dividend from the com mercial asset." The supreme court decision affecting the payment of dividends has not become effective and will not become final nntil petitions for a rehearing have . been determined, it was stat4. When litigation now in progress has been determined, another dividend will be paid from funds now on hand-, according to Bram well. lt was possible, he said, that a further 20 per cent dividend will be paid before January, 1923. t The payroll of the State Bank of Portland has been reduced from approximately $7500 a month when the bank suspended operations on February 13 to - $ 1 600 a month, and officials stated that still further reductions are contemplated. Office rent now is SI oil a month, compared with S 1000 a month before suspension. CottoB Census Report Washington, Sept 8. (I. N. 8.) The een ua bureau today! issued a report shuatug cot ton -ginned to September 1 from the crops of 1922 and- 1921. respectively, as follows: Total running bales, counting round as half bales. .817.171 and 985,787, round bales in cluded, 25.953 and 36,027. Running bales ginned prior to September 1, 1922, by states: Arkansas, 7470; California, 51; Oklahoma. 4356; Texas, 360,010 Kastern Chicago. Sept. 8. h "Wheat Chicago, sept. . lu. I , J uasn wneei: No. 3 red, $1.04; No. 2 hard, $1.03 Winnipeg. Sept. 8. Cash wheat: No. 1 northern. S1.03; No. 2 northern, $1.01; No. 3 northern. 98 c. Minneapolis, Sept. 8.- rash wheat: No. 1 dark northern. SI. 01 f 1. 1 8 ; No. 2 north em. SI. 06 G 1.14 :!No. 2 dark northern, $1.06 1.14 ; No. 2 northern, $1.03 1.10; No. 1 dark hard Montana. $1.12 (1 14; No. 1 bard Montana, $1.00 (Si 1.07. Minneapolis Dalntii Flax Minneapolis. Sept 8. (I. N. 8. ) - FTax September. $2.34; October and November. S2.3; December, $2.28: track. $2.36; arrive, $2.39. Duluth Sept. . Flax September. $2.35 :" October, $2 31; November. $2.28; December. $2.25; Hack, $2.35 2.87 ; arrive. $2.86. : . fl aval Stores Market New York. Sept. 8. (I. N. S.)-Turpentine Savannah. $1.181.18; New Tork. $1.25. Rosin rSavannah, $5.20; New Tork. $6.20. Lebanon Confectionery Sold Lebanon, ' Sept. 8. The Downing BrAthers confectionery store wag sold here yesterday to Glen and Lloyd Tucker for $8500. The new proprietors will make extensive improvements aud in additien will run a delicatessen. A Iran ire Canning- of Francs Lebanon. Sept. 8. Arrangements are under way for canning one of the largest prune crops known in this vicinity for a number of years. The yield of peaches ia unprecedented and was harvested at prices ranging from 75c to $2 per bushel. They were of an excellent mialirv. - - 1922 IS BANNER YEAR FOR AUTOS ' WI 8. Manna Detroit. Sept. 8. Latest aarveys of the autombbile companies indicate that 1822 win compare most favorably with other banner years of the industry. In spite of the general prica rata which were announced August 1, profits are rolling ia for most companies at near the normal rate. A large part of the price reductions have been absorbed by the manufacturer! of parts, who in tuns have passed it on to the vendors of the raw materiala. ' Business men bare still keep up hope that the Hord plants wit) remain open and that some agreement can be reached between Ford ' and the railroads by which demands as to de livery aad price of fuel can be met. Wholesalers of do goods report - business steadily improving, building is sctive and collections are fair. B. Faol,Sept. 8. Northwestern distributors report that the motorcar market Is holding p well. One firm has placed an. order for 10,000 cars of a popular medium priced make for distribution la this territory. . This is reported the largest order ever placed in the auto industry.. COTTON ; - Tort Worth. Texas. Sept. . 8 Although the drouth haa reduced the estimated yield of cotton in many counties of Weat Texas, it is probable that production as a whole will be larger than it waa last year. Thia Is - due to fact that practically ..very county is planted in acreage. KRL1T San Francisco, Seu 8. Melon season haa been a hard one for growers. Southern ship pen lost millions. The market collapsed and the Northern growers also were hit' hard. Their crops first came into a weak market and then shipments were halted- by railroad atrikea. Grand Rapids, Mich., Sept. 8. The prices of this year's grape crop haa been settled on a firm basis of about $40 a ton. . Some grape juice factories, however, are paying slightly more. A year ago prices reached from $100 to 8123 a ton. MCSICAL INSTRUMENTS ' New Orleans. Sept. 8. Business sasong dealers in musical instruments ia snowing do decided improvement- Local trade does not see an increase ia the volume of orders until next month, when preparations for the Christ mas trade are expected to nuke their ap pearance. MEAT - Chicago, Sept. 8. -There haa been no Im provement in the market for cured meats. Green hams an selling lower than on the first days of the first, week. Foreign demand has stimulated aa-a result of lower prices. The call for smoked - meat ia slightly better, and salt meats are, being readily taken em a sound oasis. CUTLERY New a, Sept. 8. The Camillas Cutlery company haa put into effect this week an increase of 10 per cent in wages to all em ploye. Thia advance waa made, according , to officials of the company, because of the recent increase In the cost of living and to stimulate production for the increased demand for poeketantvea. ELECTRICAL EQUIPMENT ' Bristol. S. H. Sept. 8. Plans are now being prepared for a $1,000,000 electric power plant on Ayers island in the Temige wasset river between this town .and New Hampton. The new plant . is expected to supply current to the northern part ot the stale. LUMBER - i ? Vancouver; B. C. Sept. 8 British Co lumbia lumber mills are running at top speed in order to get as Urge shipments as possible on the way Id Atlantic eespvru before snow commences to fly. MACHINERY Pittsburg. Sept. 8. The 'Gofford Wood ' company of Hudson, N. ., . has scoured a location here for -a machinery plant, " Con struction work will start at once. COAL , ConnellsviUe, Pa., Kept 8. There fa a big Increase in- coal and coke production in this district. The II. C. Frirk company is leading in increasing production. Its mines along tbe M ononga.be ia river, idle for so loag. are shipping five barges of coal a day to the Clairton By-product plant. The- Lisenring plants have jumped their active ovens to about 750. In the Fairchanca district shipment are larger than at any time since 1920. STEEL. '- . K' ' Pittsburg, Sept. 8. The base price " gen erally accepted on common steel sheets is $3.50. Demand for all lines is lean. Ninety nine of the 111 mills in the Mahoning valley are active. N HIDE! Sept. 8. The HIDES hide market is aaiet. Leather, however, baa a Chicago with prices firm. fractional advance. FRUIT Wilmington,- Del., bept. 8. The late peach crop in this section is excellent, both in quality and quantity, A nearby county pro duced 800,000 .baskets, as against 88.0O0 last year. Prices are ranging from 60 cents . to $1.60 a basket. - -I t , Money and Exchange ; New York. Sept 8. Call money on the floor of the New York stock exchange today ruled 4 per cent: bigh, 4 per cent; low. 4 peir cent. Time money waa quiet. Rates were 4t4 per cent. . Tbe market for prime mercantile paper was quiet. Call money ia London today was 2 per cent. Sterling exchange was steady, with business in bankers'' bills at $4.45 for demand. sOverbeck & Cooke Co,1 . . B0XES8 Somber Ohleage Beard of Trade, Board ef Trade Bide.. Portland. tHndletoa, Ore WaHa Walla, Wash. STOCKS, BONDS, -GRAIN AND COTTON DIBECT PEIYATE WIBES Logan & Bryan SEW TORK AKTJ CHICAGO 1 88 16 81 40 82 79 s 92 8 88 107 88 .8 40 ' as 118 118 188 184 60 t 49 It t 5M Farm Mortgage Bonds combine in the high , est measure SECURITY and Yield. We have a limited amount yet. . available, to net : Write, "wire coiled" or phone Main 4195 for details. 71 Free from normal federal income tax. , :- Free ' from personal prop erty tax in Oregon. i Legal for Savings Banks in Oregon. - 1 : - Legal for Trust Funds in .'Oregon. . GE'MIIXEROMPANIY TToaT-ill.MHCOSPOBATIC Portland Seattle N. W. Bank Bids. PORTLAND Los Angeles San Francisco Phone Maia 4195 E