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:
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notes ctfs
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27 Nassau El 4a ...f 58
6 Nash C A S L 5s100
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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