14
THE OHEG0N . DAILY JOURNAL, PORTLAND, OIIEGON.
ved:;e3day. -septesideu is, k-j.
BALDWIN
MCUI
111
LOCOMOTIVE AND i S. STEEL COMMON SHOW PRICES AT HIGH POINTS
NEV HIGHS ARE
MADE IN LIST
By Stuart . Watt
-Wall Street. New Tork, Sep IS. How
. trnuH figure the railway shopmen a strike has
been u finaarial calculation wu oihuiwil
. s ' rsaaajE-.ii.i.)iui ein in the markets
I TV jt J today. With the pros-
I . S-Ti pective partial sertle-
1 . J. : V,,l""Vv.-. . ment in the immediate
f "tW'rAlattire played up prcro-
--' f . , - 4, V in-ntly in U mornine
;,v ' ? newspapers. Ttllatf
' v.i. m ' .sg tliftm riMt lint rMrnnil
, J- .
.vCviS shares did not restiond
rXZfiiat all. They old off
aviTT.b'-Jk eerallv in market
,.-f-f'2b where, in many nrec-
;"y',K'iJfl tlona, active buying wu
-sA fjxiS The two
a.
I X" XI I
moat im-
P"""' aspect oi toe
4r.s; Bomnpfik o ii tiie i
rexrnanae loaay were
me nnw am me? nave
been right along a
lively speculation, es
pecially in stocks of the
pool variety, accompa
nied, however, by a
solid substratum of In
vestment bayine showing itself in the sus
tained hish level of bond prices and in tb for
ward tendency -tfc many stock of the invest
ment or semi-inTestroent class.
, Pool Shares Mors
The pool operations bore witness to confi
dence hi the sufficiency of the autumn money
supply and belief that the next six months will
see a further increase in general business ac
ti Titles and satisfactory profits for the great
majority of manufacturing and transportation
enterprises.
The investment operations indicated a
searching out of bonds and stocks which atil!
. offered a aood yield attendant with
measure of security, and which had not been
brOUCht into fin Wiftl tha trnmrm
The lnrtiviriti.l nrl...
previous days, were very mrh mixed. Beaiiz
5iL.Mie bor heaTi'y gainst certain stocks,
while new baying went on vigorously in others.
U. . Steal at High
United States Steel common again touched
it high point of the year and a number of
new high records were made, notably in Bald
win Locomotive and one or two other members
of tine equipment group and several of the gas
and; other public utilities. As the afternoon
Wore on trading in the general list slowed
down considerably. Coincidentally there were
mom surface signs of reaction. But nowhere
wa there any real pressure to sell.
, The foreign exchanges went lower again, but
the' declines were too small to be regarded as
Significant of any shift of banking . opinion in
Uie i-uropesn outlook in consequence of the
Belgian ultimatum.
Belgium Bonds Lower
xriaiaii v per cent bonds dealt in on
Jew .Tork market fell a point, but this
I a very sUeht expression, if indeed it was
expression at all. of uneasiness over Belgian
the most logical inference that the
commission will effect a aomrro-
the Belgian and (ierman rem
and that the ar-
siiy
stock
seen in
was
the
Recovering
the
wa
' an
finances.
reparations
mine, which
ferees were not able to reach
lamfemeni ior noiuing up cash payments and
at the same time providing an iiImiihu
security, will eventually go through. Sterling
exchange was off over a cent, the largest loss
of any day n some time. It is now nearly
f,nuui t pound from its high of a month
ago. But this scarcely - has any direct refer
eitee to the uncertainties in Europe's finan
cial situation. Kather. it is withdrawal of the
2S?J? incidentally furnished in the sterling
, "mf wb"n r't Britain was
- o' mw5t its wf interest due in the
. L mteil states.
, Lata Selling Forced
in the final hour on the stock exchange
sill?.! more , c,i'- Such favorites as
-Baldwin locomotive and Studebaker came
. X""1" f"m the top. Steel common lost a
point while rails were off a point or more on
I-J-.! SZ ttocks ,nd ""ears were
again noticeably heavy. There was a fresh
aamonstratjon in Cosden ami one or two other
i; 1 "e ouyicg of ( osden
. uciv ou persistent as
reaent market.
Industrie Ar
X' ,nf ntry are recovering
rtpidly from the effecte of the coal strike ac
rxrding to the weekly reviews of the 'steel
trade. At the rate the steel mills are resum
ing operations and the entire shutdown- for
Urn month of August will be undone in the
course of the next week or 10 days. So far as
the steel companies at least are concerned this
testimony does away with any doubt thai
either the fuel supply or the edequacy of rail
aay facilities is any longer a problem
. The latest German bank statement cover
ing the week ending September 7 discloses
n let up in the output of paper money The
Increase of 14.000,000 marks in the circula
tion Item is considerably lew than that of the
preceding week, -but with that exception it is
the largest increase of any week so far. Since
the beginning of August the IJertnm .paiier
note -issue has risen 6:1.000, OOO.OOO-'oiarlfs
cr more than tliiity times the total oft3Unding
ID July, 10H. I
Lumber Demand Is
Good, but Supplies
, Cut by Car Lack
' JLack of cars in which to transport material
lor which purchasers are clamoring is the out
standing feature of the lumber market, says
the American Lumberman - in its weekly re
riew. The car shortage is especially acute in
the South, where some mills have been making
0 to 70 per cent of their shipments In open
top cars, all of which are now diverted to the
coal trade through priority orders of the inter
state commerce commission. Because of broken
stocks and uncertainty as to transportation
facilities, many mills in the South are calling
lin their salesmen and declining- much of the
business ottered. There is a good demand,
.both for building lumber ind for special cut
ting, the railroads being large buyers of ties,
'timbera and car material, so the market is
decidedly jstrong. In tact, buyers are offering
premium prices for material on which prompt
delivery can be assured.
On the west coast the demand for fir lum
ber ia strong . with prices advancing. There is
in that territory, too. an acute car shortage
that is badly handicapping the lumber move
ment. The Great Northern railroad hauling
from that territory four freight trains, while a
short time ago it was hauling onry one. On
the other hand, lumber manufacturers say they
are receiving only one car where they should
have five. Heavy rains in Western Washington
have ended the forest fire danger fer
and logging camps again are in operation,
enabling the mills to get into full production.
Ontralla Bask Cashier Leares
Centralia. Wash., Sept. 13. To elose up
several estates of which be is administrator,
W. S. Paul, cashier of the Centralia State
bank, will leave Wednesday for St. Fanl, 'Neb.
T. X. WeiUi, fonmerty of Alton. Wyo., has
been added to the force at the bank.
Fortlgn x-ban?e Market
New Torki Sept IS. tTJ. PI Foreign
exchange opened easier. Sterling. 4 44 3-16,
off 3-18; franc. .0761. off .003 V,; lire,
.04214. off .0005 Vi'j Belgian, .0721. off
.0003: marks, .0006 off .OO02A4.
ordaw-Wentworth &a
r
201 Railway Exchangm
lumber Chicago Bomrfl bf Trm4
-STOCKS BONDS
GRAIN COTTON
PRIVATE LEA&EB WIRES TO
E. F. Hutton & Co.
MEMBERS AIM, FRIXCIFAIs
EXCHANGES
- Solicit IaajalrW Ail teoeai '
Sccarltiaa . .
fFOverbeck & Cooke Co.1
BROKERS
Chicago Board af Traala.
' Trad atkta PveUaweL
Oml. Walla Waita,
STOCKS, BONDS,
- 6RAIH AKD'COTTO'J
. DIRECT PBJTATB WIRES
; Logran & Bryani
JTaSW; TORK . AND CHICAGO
NEW YORK BOND TRANSACTIONS
3aported by Tha JournaT Wall Bsraat Ba
"Wall Street, 3Jw Tort. Sept.
Xotwithstaadla? aa larreaalaa; tea
deaer toward ftnaer rate for money,
iarestment bankers eontlaae offeriaa;
at prtrreilTly lower wield. The lat
est example la tke offeriaa; aaaoaaead
today of the City of Baffalo VA Pr
. . a a cs
1 Bey, oi ronrse, nav ids aavaaiafv
which an entirely tax exempt seearity
enjoys feat eTea so the retara to the la
Testor represents a aew low oa the
present moveineat. Whatarer .may he
the immediate fatare of the money
market It Is erideat that someone has.
confidence la the continued ease over
the Ions; period.
Quotations for the highest grade of
secarltles la today's bond market were
firm to Big-her. Liberties were steady.
It was In bonds of slightly lower
grade, however, that the most Interest
was shown. Southern Railway Hi
were a notable instance, selling ap to
103 at which the matartty yield Is
about 1.15 per cent. Soathern Railway
4s, which are seenred by the
mortgage, sold on a basis.
same
NEW TORK BONDS
Xew York, Sept. 13. Following is an of
ficial list of all bonds traded in on the New
Tork Stock Exchange today with prices and
saieiwAp to and including the close of the
market. Total sales today were. $13.3(15,000.
against $16,363,000 yesterday. $11,473,000 a
week ago, $15,091,000 a year ago and $13.
604,000 two years ago. ,
From January 1 to date, $3,096,141,000
against $2,137,903,000 a year seo. and
$2,802,466,000 two years ago.
LIBERTY BONDS
340 Liberty 3 Hs
2 do 3 H s reg
3 do 2d 4s
377 do 1st 4 Vis
1 do 1st 4 Hs res.
607 do 2d : 4 H s
82 do 2d i Via reg..
883 do 3d 4 Vis
13 do 3d 4 Vis reg.
640 do 4th 4 Vis
1 do C
6 do 4th 4 Hs reg.
191, Victory 4 is. . . .
31 do 4 s reg
1511 do 4 Hs
12 do 4 is reg. . ..
10136 10110
10118:10100
10018
10088
10056
10O36
10020
10044
10018
10064
10050
10022
10010
10034
10026:10024i
10084110072!
10070lO07O
10070,10070
10076 10070
10056110036S10056
10032110030110030
10026ilO02Oll002O
10126
1010O
10018
10064
10056
10024
10010
10034
10024
10074
10070
10070
10070
"FOKE1UN BONDS
5s
2 (Argentine
26 do 7s . . . . ,
6Belgium 1
41 do 8s
2 do 6a
4 'Chinese Ky 5s. .
3 Bergen 8s
- 3jBerne 8s
81 Bordeaux s . . .
17't'openhagen 5 Vs a
3('hnstiania 8s
26Lyons 6s ....
1(1 Marseilles 6s .
1 lSIMontevuleo 7s
SlForto Alegre 8s
17ilTague 7 Vis .
lHiltio do Janeiro
401 da Hs ctfs 102
1 7 i Soissons 6s .
2; Sao Faulo 8s.
14Tokio 5s
0i Zurich 8s
. . 84 84 84
. .102 V4 101 H 1102 Vi
. .10V4il0U (106V4
..105HilO5 103V
. . j 99 4 H
. . 53V 52 53 Vs
..;ilo iiio lio
. .jUS Vi 113 Vi 113 V4
. . I 82 Vi 1 82 Vi I 82 V.
I 31 3 9H
. ..(110 jloyialllO
. i 83 I 83 o
. I 82 i 82 I 82
. I 93 93 Vj 93 H
.,102 (101 1102
. I 85V4I 84Vsl 85
8sil01 Vi lO0 V 1101 V
101 ioa
80 Vi I 80 80
.loa toa ij
.1 72Vil 7141 72 V.
.1115 11141114
40 .Seine 7s tmp ctfs
6s
4 Dominican
28 do 5iis ....
20,Can 5 Hs notes
1B do 6s '26 . . .
213j do 6s '52 . . ,
301 do 5s '31 . . .
KljDutehEI rctss'4 7
37 d rets 6a 6 .
23!French 8s ....
2 do 8s C
125 do 7 V4n
14Jap 1st 4 H . .
4 7 do 2d 4 Hs. . .
75 do sterl loan 4s
17 1 Denmark 8s . . .
Bl! Denmark ctfs 6s
39;N'etherlnds rcU 6sl
6N'orway 8s . . .
32Sweden 6s
24 Bolivia 84 . . .
10;Chile 8s '41..
1 31 do 8s ctfs . ,
26,Ccho-Slov 8s ctfsi
16 Queensland 7s
6 do 6s ctfs .
40 Swiss 8s
91 I 90 Vi 90 Vi
97 V4 I 97 Vi 97 Vi
. 1 V3 B 1 -
. 102 H 1102 Vi 1102
. HOOVillOO 100
. i 99 "5 99 I 99
. HOOVillOO 1100
96 Ji 96 Vi WO Yt
97 I 96 Vi 96 V
llOl 4 100 101
IIOI jlOl Vi 1101 V
9HVi 8Vi 98 S
t
94 V 94 94
82V4I 82 Vi ,82 Vi
lllViilll in
99 1 99 99
8541 95H 954
112ViilllV4 111 H
106 Vi 105 Vi105Vi
98 98 HI 98
104 Vi il034 104 V4
1104 1104 1104
12 111 1111
llO4!l04 104
121 , 1121.
1121 i
23iRioGnde deSul 8sil02 l"l ii., ?
5 Sao Paulo 8a.... lVd J"1-
a rnM.lH li . '22i100Vi 100 100
1041 do 5Hs '29.. .1107107 107
1 b. 'ST:' 104 1041104
82 Brazil 8s ilOSVs
3S do 7 Vis I 90
90Metiran 5s . . . . I 56
15 do large 5s . . . I 53
101 rlo 4s I 42
NEW-YORK CITY BONDS
103
89
55
53 Vi I
42 i
103
90
55
53 Vi
42
3
10
5
N Y City 4 Vis '571108
do 4s '67. . . .108
do 4 s '60 101
do 4s '71 (109
do 4s '57. .1100
108 108
108 108
101 Vi 101
10109
100 jtu0
MISCELLANEOT'S AN'D
BONDS
INDUSTRIAL
2
6
27
10
Am Ag Chm 7sjl03
Am Cot Oil 5s . . 91
Am Smelt 1st 6s 95
Am Sug 4 Kef 6s104
SICba
561 do
2 Cbn
2 ivn
1 Det
laiDet
31 do
do
85 Am T4T col tr 58;
32) do col 4s ....
26IAm IV Works 5s
14jAm Wr Paper 6s
4iJurUnHarg cvt 6s
39Armour r e 4-Vis
34iAtl Ref deb 5s.
12!Bell Tel of Pa 7s
21Barnsdall 8s B
9 Beth Steel P M 5s
62 Beth Steel 6s .
ljBkln Edi 7s D
21 do 5s
SlBuih Trm bldg 5s
7!Cal G A E 5s
4iCent Leath gen 5sl
4ICer Dp Pas cvt 8s
5 Chile Cop CTt 7s
231 do col tr Rs. . . j
. 20!Cin O A E 5 Vis.
113!Col Ind 5s
StCol G A E 5s. .
21 do 5s sta
2;Comrj As Bar 7 Vi?
155Comp-Tab-Re s
7!Con CI of Md 5
C 8 cvt db 7s
8s sta
Am Sag 8
Gas 5s ... .
City Ga 5s
Edi rfg 6s. .
rfg 5 i
rfg 5s
1 Tet Riv Tun 4 Vis
3:nm Mtch db 7 Hs
8!Dwt See cvt 5s.
181Ion Steel ref 7s.
81 Dun de Nem 7 Hs
llltraq U a P 6s)
3 do 7Hs .
31 do 7 Ha . .
lOllEmp tias A Fuen
cvt 7Hs
12Framer Ind Iev
deb 7s
3; Fran Sug 7 Vis...
25 Gen El deb 6s.
2 do deb 5s. . . .
50 Good 1st 6Hs.
9;Goodyear TAB
Co 8s '41..
34 do 8s 81. . . . .
ljGranby Min 6s.
1 do 8s
8!HoU Am t 6s: rets!
113 Hum K1 A Ref
t deb 5Hs ... . 10A
6 Ind Steel 5s....ll01H
1 Inter Paper 5a A.f 0
44! do 5s B I 90
8jlnt Wcr MSP 6s S3
7;J Kayser 7s. .,.105 H
-StKelly Sprint T Bslios
S ljck Steel 5s .. . .IIOU
3, do 5s ... .1 94
Ma; Gas ref oa,.! 95
15 Man Pg db 7 Hs ctt 99
1 iMnrtand Oil .. .1104
j do 7Hs etfs...112
a, do 8s warrants. . , 1J 1
StMex Pet 8s. ... , (106
2:Mich St Tel Ss.. 9
14 ifidrale Stl cvt 5 90
KiMm Pw Co 1st 6! 99
31. Morris A Co 4 Ha.) 91
21 !NK TAT let 6s A) 99
14 NY KCnrf 3-a112
12!NYGEtHAPC ajltK
ajN itj ab a.;aosu
7!? Y Tel gen 4 sj 6 H
; 12(X Y Tel ref s..fia7H
7 Niag Falls Pwr 5sJ10tk
100
93
82
86
79
92 H
99
108
105
93
100
108
99
94 H
98
88 H
127
100
94
101
82
95
101
97
92
89 H
93
107
90
100 H
105
Sx H
92
108
46
94
108
105
97
107
97
96
103
W07
102
102
116
lOO 4
no
99
88
151No Am Edi a.
7No Ohio TrAI.t bsj
27N. S. Pvw. 1st 5sl 94
N. W. Bell. T. 7jl03
Otis Steel 7Hs.. 95
P. G. A E. 5a.. 4
Pae. Pew. A U 5si 94
Pse. T. A T. 5s 99
do B rets 94
(Packard M. Ss.-jlOT
P. A P. A T. 7s 103
Pofl Cs. lf. 8s3li .
Pierre Oil 8s. . . .
P. S. of N. J. Ssl 90
3 P. Ale. 8.c.d.7Hsjl09
a
96
31 Prod. A Ref.
S71 do 8s war. ....
22'Rem. 1st fta A
. SiR. Brown 1. Ts
103
115
96
105
90
95
104
89
93
82
86
79
02
99
108
105
93
100
108
99
94 H
97
98
127
108
94
100
79
95
96
101
97
91
89
92
10fH
90
100
105
98 H
99
92 H
107
46
94
108
105
97
105
97
96
103
107
102
102
!116
100
90
99
88
99
101
90
89
93 H
105
10$
i
93
95
104
Ilia
105
91
95
104
100
93
82
86 Vi
79
92
09
108 Vi
105
93
100 S
108
99
94
98
98
127
106 4,
94 -i.
100 -4
79
95
95 :i
101
97 "i
91
89
92
106
911
1 O0
105
8
99 V.
92
107
49
94.
10S
105
97
103
97
96
103
107
102
102
116
lO0
90
99
88 H
99
101
90
90
93
105
108
1O0
94
95
98
jl4
121 (121
10HjlOH
99 HI 99
90
99
89
99
112
108
-
10T
lOl
95
96
84
107
85
OS
94
99
94
17
101
101
98
9
109
102
US
93
99
90
99
91
99
112
99
IOS
96
107
lai
96
4
H8
98
93
94
99
94
107
101
102
99
M
109
103
lis
95
96
IjSaks A Ofc 1..100!100H10D
Sales. iw $1000
High.
102i do cvt 7 Hs
84! 7s rets
16,8haron 8. H.
! 8. P. Hi. Rug.
2
10
2
I
Bel. T. A T.
O. of C. A
8.
8.
8. A T. C. of A. 7s
Tide. O. Co. 6.
Toledo Edi 1st 7al
Tob Prod 7s. .
I'n Bag A P Ca ctfs
2 1 n Drug 8s.
2,U S Rl A Imp 5s
14L; S S Cor 6s ctfsl
U 8 Rubber 7 si
71 1 do 5s
3410 8 Steel s f 6s.
11 do 5s ref of 'OS
4:Ctah P A Lt 5si
1 Vs Cam Cbem 6 lOO H
30 do 7a ret A. . 98
1 do 7Hs 10S
621 do cvt 7 Hs AAI 98
5;Warner Su ref 7J103
10 Went Elec 5s... 1100
201T 8 real est 4s 94
12 w V 6s . . .112
9 Westinghse El - 7sll08
Wick Spen Stl 7s 99
lliWiison 1st 6s... 1102
89 do cvt 6s 97
11 do 7Hs
RAILROAD
99
103
lOl i
98
102
106
101
103
8 bm. a O. 5s)
105
101
98
103
99
10
101
103
108
100 J10
101 10O
111 111
98 98
94 93
110 1109
91 I 90
104 104
103lO3
Low. I Oaee.
ft
37;AtTSF
101 do cvt
Hi do cvt
6 do adj
gen
4s. .
4s .
4s. .
4s!
93
100
88
105
97
103
100
94
111
108
98
101
9
106 1106
Rnvna
09
10j
101
8
103
99
106
101
103
l!A C L 7s.
5! do 1st eon
: do LANcol
18lB A. O 6s .
4f
tr4s
3do ref 5s
4 do crt 4 s ...
5 do goki 4s. . . .
15 do pr In 3 s .
24 do PLEAYVV dv
6 do 3 HPJ&U.div
3 do 4sTol&C'in div
6 do 3 H s 8wn dv
5 Bdy 7th av cn 5sJ
ljBkln R Tr 5s. . .
53 do 7s
16 Market S Ry As
35 BRT 7s to co ctfs
56 do 7s co ctfs stl
10 Bkln I'n El 1st 3si
llBuffRAPcon 4 s
9iBush Term con 5
2 Can Sou 5s
3 Can Nor deb 6 H si
100 Can I'ac 4s
23iCen Ry of Bras 7sf
l;t ent Ga Ry 1st 5s
19:CentPaelst ref 4s
32 C O cvt 5s. . . .
18 do cvt 4 Hs ...
137 Chi A Alt rfg 3s
34 do 3 Hs
5 C B Q gen 4s . .
2 do ref 5s
5 Col A Hoc Val 4 s
10C B Q 8Hs IUdv
"8 do 4s IU div . .
2J od ext 4s Neb dl
35IO & E I 5s. . . .
4 8Chi G W 4s. . .
4C I & L 1st gn6s
4'C M & S P 4s.
16; do 4s
42j do cvt 4 s. .
64i do rfg4Hs A.
17 do cvt 5s B.
17 do 4s
91 do deb 4s ...
6lC M Pug 8 lst4s
2C X W 6 Hs. . .
I ' A K
93 H
83
103
84
107
91
85
101
92 H
87
87
1)5
84
93
92
94
77
65
93 H
93
93
90
90
95
92
102
114
85
92
100
90
98
91
54
96 H
92
101
85 H
84 H
93
98
86
34
102
79 H
89
75
69 Vi
77
85
67
75 H
1! do
15;Chi
5:C R
2Qat do
14,'n t
ioc a
3:Clu
5C A
18 do
lOtt'Ct
Rys Co 5. . 82
I A P gen 4sj 87
rfg 4s . . . 87 H
HASElstrfSsj 84
P M AOdb3l 97
1 S 4 Vis. . 92 I
W I 7 Hs. .102 H I
con 4 1 79
&SL db 4 Hs 92 V. 1
o! uu a- m in. . . : 83
6 do 6s ser A...jl0.H
14iClev Vn Trm 5sil06
lColo A Sou 1st 4sl 93
12 do rfg 4s. . . 0
30!Cub K R 5s. . . 87
6 dolst lnirf 7sI07
u at tiua cvt 5s 103
111 Vi 111
109 H 109 H
82H
87
87
83 H
87
92
102 H
78
92
83
102
103 -
92
81
82
47
44
78
85 H
107
J5
86
52
52
54
95
90
1114
106
1113
- .jl03
14
86
88 H
67
1! do 5s
21 do ref 4 s
101D A R G 4 Hs. . .
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do tciBw 4a. . . J $5
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88 Vi
STRAIN ON RAIL I
LINES IS LIKELY
J. O. Royla
(Copyright, 1922. by Tha Journal)
New York. Sept. 13. Railroad equipment
througfaoiit the country will be strained to the
utmost in the next fortnight irrespective or
whether the striking shopmen come to immedi
ate agreement with the carriers or not. Em
bargoes on freight by the railroads, however,
give no signs of spreading, nor will thty be of
long continuance, according to telegraphic re
ports received within the last 12 hours. I
"Railroad revenue is gained by accepting
freight for transportation, not by refusing to
accept it," was the way one railroad authority
snmraed up the situation.
Effects on industry and commerce of the
embargo announced by four of the Easter
roads are not expected to be drastic. Other
competing lines expressed today their confidence
that they would be able to care for the bulk of
the shipments from the West diverted by the
embargo. I
Talk of a possible food shortage in Eastern
cities as a result of the embargo was scouted
today by market authorities here. Tbey pointed
out that the order did not apply to shipment
originating on the lines of tha four carriers
which tap producing districts amply able o
feed this section.
Even the effwt on pTthable fruit ship
ments from the Pacific coast which the Erie
road has declined to carry has been reduced
to a minimum by the move of the Pennsylva
nia road to care tor this business. Railroad
men made it clean that the Erie would hafe
to accept all shipments booked on connectiiig
lines before the announcement of the em
bargo and that it would be two weeks before
these were cleared. By that time, it was
bored. tle embargo win be lifted or modified.;
Dealers in California fruit here will prob
ably suffer the greatest inconvenience as they
are accustomed to holding their sales at the
Erie piers. These pier, however, hare been
offered by the Erie' to any other railroad han
dling this business.
Shortage of cars for the movement bf
grain and lumber has not been met, accord
ing to reports from St. Paul. Chicago and
New Orleans, but bad order cars are being put
in shape at an increased rate and new equiji-
mmt is moving Into commission as fatt tin
equipment companies working- night and day
can turn it out. .
Over 150.000 freight cars hsd been bonjht
by tha carriers up to September 1, sccordihe
to figures available for the first time today.
One locomotive company today has orders ag
gregating nearly $30,000,000 on its books
and a number of new engines have been placed
in commission by coal carriers this week. A
flood of equipment trust certificates, proceeds
from which will be used ior purchase of addi
tional equipment, will be offered to the in
vesting public bj various roads in the next
10 days.
St. "Louis. Sept. 13. The recent contracts
swarded for equipment by the St. Louis A San
Francisco railroad are estimated to involve -an
expenditure of $8,000,000. . The Terminals
Railroad association proposes to increase its
capital from $50,000,000 to $100,000,000
and its bonded debt from $50,000,000 to
$100,000,000. Part of this sum will jbe
used to refinancing, plans of which are being
worked out today. A part also will be devoted
to expansion and improvement. ;
WHEAT
Topeka. Kan.. Sept: 13. Figures, compiled
by the Kansas utilities commission show that
1.000.0OO bushels of wheat are awaiting ship
ment as the' result of lack of cars. The state
is 9 per cent below last year in the number
of cars available. All elevators are full and
reports are that grain is piled on the ground.
PAPER
Boston. Sept. 13. Paper mills throughout
this section are today running as near to ca
pacity as their fuel supplies will permit to take
advantage of the increased rates now being paid
for print paper.
COAL j
Greenville. Pa.. Sept IS. Coal production
along the Bessemer railroad today is about
normal. More than 450 cars a day are being
mined. The car ferry, which operates be
tween Conneaut Harbor and Canadian points,
has been placed in operation after idleness since
April 1. i
AUTOMOBILES !
Cleveland. Sept. 13. The White company.
makers of motor trucks, have found it neces
sary this week to put on a night shift, con
sisting of 200 men, in order to meet the demand.
DRY GOODS i
Atlanta, Sept. 13. Wholesale dry gdods
merchants here declared today that Uieir
trade at present is on a larger scale than at
any time in many years. Retailers today are
far more optimistic and this attitude is being
supported by the number of shoppers in their
stores.
HARDWARE
Philadelphia. Sept. 13. A large manufac
turer of carpentetr tools here declared today
that his plant was operating at 7 5 per cent
of capacity and would be increased to 100 Iper
cent if he could secure supplies and additional
workmen.
GRAPES i
San Francisco, Sept. 13. High grade wine
grapes sold this week st $100 a ton. The or
dinary run of grapes is today in less deroknd
and prices hsve been hurt to some extent by
shipping conditions.
WOOL
Boston, Sept. 13. The wool market is in
creasing in activity and prices are generally
firm. Medium wools are especially strung,
although all grades are in demand.
STEEL
Pittsburg. Sept 13. 'Pig iron ii scarce,
owing to the tardiness of merchant furnaces
in resuming. Bessemer has sold in a small
way at $34, valley. Basis cannot be secured
today for less than $30 and difficult to find.
Pittsburg is drawing foundry iron from Buf
falo, the local market being bare. The price
is equivalent to $32.50, valley.
Sharon, Pa.. Sept. 13. The Sharon Steel
Hopper company's 14-inch mill began opera
tions this week. AD finishing mills today are
operation.
in
AUTOMOBILES
San Francisco. Sept. 13.--Some dealers re
port that trade in automobiles is exceptionally
good, owing to today's improved conditions in
the country districts. Others, however claim
the country demand is slackening, altnougn as
a whole conditions are excellent
LIVESTOCK
Fort Worth. Sept. 13. Prices of livestock
are on the upward trend and it was predicted
that there will be a scramble for animals to
restock the ranges throughout Texas which
are now being rapidly depleted.
BUILDING MATERIAL "
San Francisco, Sept. 13. Prices for bnild
ing materials are extremely good throughout
the enure West, owing to the tremendous de
mand, and today It was believed would go
higher.
SHOES
Boston. Sept. 13. Shoe manufacturers in
this vicinity are today speeding up production
in preparation for meeting increased orders.
The betterment in the prices of leather is
taken to forecast higher prices for shoes be
fore the first ef the year.
LUMBER
Cumberland. Md., Sept. is. E. Y.
cock, president, has set- in motion the
of the Babcock Lumber A Boom company.
iNiris, v. va.. whicn has been idle for
Bb
plant
near
more
than a year. Orders on the books today justify
imj aim ii i g ui. operations.
Sales.
118
60
236
1
IH $1000
Ry gen 4s. .
com 5s .
Son
do
do 6 Hs
Sciato Val A N
4s
6;Ttx A Pac 1st 5s!
15 Third Ave rfg 4s!
33! do art 5a. . ,
1 T A of S L rfg 4s
BIT SLAW 4s. .
2C P As. ......
20; do 1st 4s
19) do crt 4a
6 . Ulster A Del Ss.
501P P ref 4s
2V Ry 8s.
J High. Low, j Close.
1105
4
6
lot
o
4
7!
6
.2
11
3,
11
Wabash 1st 5s. .
do Ore div 3 s
West Md 4s
West Pac 5s
West Shore 4s. .
WALE eon 4s
do ref 4 Hs
W-B A E 1st Ss.
W C c ea 4s. . . .
, do Sap Pal 4s.
72 1 71
100H1190 j
1103 HI
92
10O
69
68 !
83
7H
105
95
95
94
89!
too
10OH
71 H
68!
87
65
98
71
67
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84
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100
67
67
83
76
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95
94
99
99 1100
71
68
87
83
98
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06
83
83
STANDARD OIL ISSUES
200 Anglo An Oil .
lOOjA A C of J 1. .
700AtlaBtie Loboa .
r 10 Gal Sig Oil ....
20!Ohk Oil .... .
; 20?IU P 1.
720 Iwip Oil of Can.
1580!rnt Pet Co Ltd. .
7A0 Pena Mex Fuel.
SOOOOjS O Ind .......
300iS O K; ww. ..
Si'S O Neb ......
14.MS O N Y ..-.
0i3 O Ohio ......
t -
20
23
9
87
292
173
28
28
119
109
199-
4 66
460 -
20
9
87
Gil
Hi'
1174
108
168
43 5
459
t;
21
28
117S
108
190
1458 '
WALL STREET, STOCK QUOTATIONS
Reported ij Ovwrbeck A Cooke Ca.
Sew Tork, Sept. IS. Standard Oil
aad Department Store, lssa were, the
activa leaders oa the carb exeaange
today. '
Standard Oil of Indiana advanced,
while Imperial Oil of Canada aad
Prairie Pine Line were la better de
Band. Standard Oil of Sew Torn
rained 8 points. BeaUcin aales were
eaeonatered at the fcJbzaer lerela wnlch
broagjbt a boot small recessions In the
afternoon.
Sew bond i&snes admitted to tradia
f ncladed the aew Swift A Co. i per
cent note of the 1932, which were dealt
In on a "when-lsned" basis aroaad
tela, aad Lehla-h power per eeat sh
eared gold notes dated Ang-nst, 1927.
Transactions took place at 9?V. Sag-ar
Estates of Orlente, Incorporated first
7s of 1342, was also a newcomer and
was qnoted 99 Vs bid, none offered.
Southern States OH, after opening
firm, lost half a point.
Matual OH was an actlre leader in
the Independent group and Sew Eni;
land Fuel Oil was traded In at slight.
IT hic-her prices. Cities Serrice Issues
continued to gain.
In motor Issues, Darant was traded
ia in most of the session below its pre
vious close. Hayes Wheel, Keo and
Packard held frim.
- Magna Copper established a new high
for the year, crossing 34 on Tery heavy
trading.
iales. j STOCKS :
High. Low. " Bid.
OOOjAdam Exprens . .
Advance Hum . . .
2O0Acr Chcm
lOO) do pfd
90O Aax Rubber. . . .
500 Alaska Gold
5100 Alaska Juneau. . .
4 100 Allied Cbem
1 7 00 fkUis-Chalmers
200j do pfd .......
400Am Beet Sugar..
400iAm Bosch
2800Am Can Co
400 do pfd
300lAm Car & Kdy . .
500 do pfd .
700!Am Cut Oil
I do pfd
4 000; Am Drug Synd".
1200!Am Hide A Leath
100O do pfd
140O'Ani Ice
4500jAm Intl Corp....
2rtOOiAm Unseed ....
40( do pfd
feO0Am Loco
...... I do Pfd
llOO'Am Saf Rasor. .
79 I 77
Ship A
Smelter .. .
pfd ....
Snuff . .
Steel Fay
Sugar . . .
pfd . ..: .
Sumatra .
Tel A Tel
Tobacco .
'B" . . .
Wool . . .
pfd ....
pfd.
Com
I
14500Am
800 jAru
Soo do
lOOjAm
R500Am
1400!Am
looj do
11 00 1 Am
6000:Am
OOOiAm
1400i do
17600Am
I do
200!Am W P
300!Am Zinc
8300Anaconda . . .
200 Assd Oil ...
I lOOOiAtchison ....
900 do pfd ....
SOOlAtlantic C.st
2000IAU Gulf A W
346O0iBaldwin Loco..
100i do pfd
3200tBalto A Ohio. . .
200 do pfd
14 40O;Barnsdell Corp . .
25001Beth Steel "B" .
lTOOIBooth Fish . . . .
2100B R T
200; Butte C A Z. . .
500Butte A Sup. . .
lSOOIBums Bros. . . .
200iCaddo Oil
800!Calif Packing. .
2100'Calif Pet
i do pfd
2800 (Canadian Pac...
14800!Cent Leather . . .
2700 Cerro de Pasco.
1800jCen Textile
3400iChandler Motor.
asOOiChicago A N W.
2800Chi Gt W . . . .
7600j do pfd
3 500 Chili Copper...
4 00!Chino
11600C M St P
, 7000 do pfd
1600iCoco Cola
900;C AO
SOOOiColo FA I. . . .
jColo Southern . .
8300 iCol Gas A Elec.
200;Columbia Graph
9300jCon Gas
1 TOOiCons Cigars . .
j do pfd
1700!Contl Can . . .
jCity Svg Banks
2900'Corn Prod . . .
100 1 do pfd
5120OICosdefi Oil . . .
4000C R I A P. . .
S00 do "A" pfd . .
700 do "B" pfd. .
6600!Crucible
100 do pfd
800 Cuba Cane. . .
27001 do pfd I
ISOOCuban Am Sugar.!
300Del A Hudson.
1800: Dome Mines. .
300ID I. A W . . .
5800 Dkvin Chtm...
ISOOjEndicott Johnson
Brie
Erie 1st pfd. . . .
1900 Elec Stor B . . . .
3600!Famous Players. .
(Fed Min A SmeltJ
500 do pfd . .
Tire. .
Cigars.
Elec . .
Motor. .
Aphalt
39?
72
14
86 V
59
102
46
43
63
110
193
122
29
- j' '
14
74
120
39
72
14
1
S4
57
102
46
42
62
109
192
122
27
' "e
14
72
117
36 Hi 84
87 T 36
57 57
127 1124
7
21
04
1102
152
45
82
110
44
123
6
20
63
102
152
t 44
I 2
110
1 40
1122
77
20
30
71
13 Vn
i.
1
84
57
102
46
42
62
109
193
122
2M
55
6
14
72
117
35
30
50
124
1118
7
20
63
102
152
44
82
110
42
122
(165 ! 164 164
102 102
. . 110
. . . I 1 !--'
. . . 105
'. '. '. ' 32
... 17
. . - 53
. . . !117
. . . 106
. . i 94
1.111:123
I 3
1 1 4t 'm
1 10
57
66
42
79
9V4
25
7
29 !
135
11
85
64
i48
44
40
10
63
94
6
16
23
30
34
52
72
76
35
-I-
32
17
54
117
104 4
93
122
30
136
110
56
65
40
78
9
24
7
29
134
1 1
85
63
147
42
39
10
02
93
6
14
23
30 I
33 I
51 !
71 I
75 :
33 I
32
17
54
117
105
03
T22
31
137
110
57
65
40
78
9
24
6
29
134
10
S5
63
97
1 ""
43
40
10
62
93
6
14
23
30
33
ill
70
75
35
49
. ',109 (106 108
. i 3! 3 3
.iW3il41 141
. I 35 i 34
. 90
B
.119
.1117
. 51
.1 48
.IIOI
91
95
98
14
37
25 !
34
75
90
21
117
117
50
47
136 1136
I 39 I 38
89
117
117
48
47
100 I lOO
90 I 91
92 I
98 I
14!
36 I
25
100 Fisk
500'Gen
SOOiGen
14100(Gen
lOOi do
8700iOen
- 200 Goodrich
500 Gli'sen O
Granby
135
53
89
16
26
48
105
A P.
Ore".
4000reat Xor
3200 do pfd
Greene Cehanea .'.
1000 Gulf 8 Sleel. . . .
. . . . . (Glen Akien
2100 Houston Oil ....
5100Hupp Motor..'..
500 I11 Cent
900 Itv piraticn . . . .
lint Affr Corp com.
! ao pfd
ROOlInterboro
200j do pfd i
190o;lnteritate Callahan
lOOOllnt Harr I
4000'Int Merc Marine
59
13
82
1,182
15
84
67
35
14
42 ' '
94
' 84
58
82
23
114
41
5000 do pfd
84 00 Int Nickel
830O Int Paper
do pfd
10OO Invincible Oil .
18O0:Island oil ....
20K0 Jewel Tea ....
600K C Southern.
1 do pfd
30o;KeUy-Rpringfie d
lSOO.Kermeeott . . . .
12O0iKeystine Tire . .
1700Ick Steel
200Lee Tire
3200ilhigh Valley
ILorillaTd
1 5300 Ixvew Theatres ..
SOO;L A X
6200Lima Loco ....
000 Max Motor A ..
5300) do B
OOOjMay Stores
lOOOOi.Mffis Pet
3 00 Miami
SOOOiMid States Oil.
2700Midvae Steel ..-1
ioo;m k a t wi
ISOOlMack Truck
140iMont Power .....
3200'Mont Ward
llOOMo Pae-.'.
570 do pfd : .
900 Mex Seaboard ...
S0O Marland Oil . . . .
1 OOO i Martin Perry
2001Natl Enamel
18 OO, National Lead
6 MO; Nevada Con ......
600iNw Haven
300ONorfolk AW
SlOOiNor pae
SOttiXova Scotia Steel
2OTNHS Y Air Brake.
4000M - Y Central . . .
11 800 j North A Kin
220O Okla Prod Hef..
lOO Out Saver ....
llOO Orrtario A W. . .
400;oti Steel
490O! Pacific Dee . . .
12000!Pac . Gas A Elec!
lHOOPnnta Alegre ...
12000!Paeifie Oil .
11600 Pan A win Pat..
. 1500 do "B" ... .
3500 Penna .
400 Peo Gaa
900'Pare Mamroetta .
32O0 Pare Oil . .. , . .
20ft!Phuttps ; Pete i . .
3XOO Pierre Arrow ...
1400jFiero Oil
1
. 4
9
112
14 H
58
18
61
14
17
25
"43
86
8
79
U
'26
138
.4
60
V0
137
irf4
29
13
4
18
61
75
22
23
20
40
33
02
107
16
52
134
88
39
81
98
96
2
6
27
10
6
87
49
38
82
78
47
94 -88
38
S4
13
-Us!
133
50
87
14
23
47
192
59
13
80
182
14
84
65
85
14
'41'
94
82
58
80
22
114
41
1
4
9
92
98
14
30
25
136
38
133
50
87
15
24
47
ro2
12
58
12
81
180
14
84
65
84
14
81
41
93
31
82
58
80
22
114
41
9
ST
1
4
9
Sales. I STOCK
8400 Pitts Coal
400 Pitta A W Ya
1KOO Penn Seaboard
28OtPreaed Steel Car)
71 0O, Pullman
IOOO : Ray Cobs
5 5 OO Reading
8300,Replogle Steal .
400.Kep Iron A S.
100 do pfd. . . . .
!Re Motors . . .
5700;Koyaal Dutch Oil;
1500 1 Ry Steel Spff. .
18 O Ky
2200jSears Roebuck .
iShattock. Ari .
SOOjSbell TAT..
3 6300; Sinclair
iStand Oil Ind.
1700; Stand Oil S J.
SOOjSloas-Sbef . . . .
6000 Sou Pacific . . .
2200Sou Ry
000S O Cal ....'.
4500 St L'A 3 F . . .
200jStromberg Carb .
25O00lStndebakcr
iSwift A t o . . . .ti
400 Ten. Cop A Che ml
9100 Texas Oil
OOOITexas Pac
3200
38300
4200
O.
Tex. Pae C A
Tob Products . . .
Trail Contl Oil. .
200, Union Oil Del. . .
S2UOL'nion tPac .....
4 00 United Alloy . . .
100 1 United Irrug
SOOjUnited Food Prod
200 1 United Fruit . . . .
140Ojt'nion BAP
SlOOiC SOI Pipe
8400; l. R. Stores
3000 V S Ind Alcohol .
fl00 V 8 Rubber
200 do 1st pfd.
...... 17 S Smelting . . .
330OO U S Steel
2300 do pfd
4500 Utah Copper ...
1800 Va Chem
10000 Vanadium Steel .
100 Virandou
Wabash
1100 do A pfd
do 3 pfd
SOO Wells Fargo . . .
600 Western Pac . . .
1200 ' do pfd
400 Western Union . .
1000 Wstghs A B. . . .
1100 Wstghs E A M..
2700 West Md . . i . .
4800 White Motors . . .
1400 Willys-Overland
500 do pfd '. .
8 00 1 Wilson Packing .
700IWis Cent
...... IWoolworth . . . .
200!Wrthngtn Pomp
400W ALE
1001 White Oil . . .
900 White Eagle Oil.
1300jOmheum
Money
Total sales stocks.
Total sales bonds,
"Ex-1iv. 1 per
tEx-div. 1 ver
1 Ex-div. 1 per
, A- '
High. Low. Bid.
72 70 71
40 39 30
t T 7 ,
93 91 92
189 136 136
16 f 16 16 ,
I 81 79 79
S3 S3 83
71 69 69
32 92 92
I 8
,58 57 57
126 124 124
1109 109 109
92 90 80
I 8,
39 39 39
; 34 32 1 33
119 117117
189 186 187
51 80 60
95 94 94
28 26 26
116 115lll3
30 30 30
06 56 55
133 180 130
109 1109 109
10 10 10
48 47 46
31 31 31 1
27 26 26
67 64 65
14 14 14
19 13 19
158 151 151
38 87 38
81 81 80
6 6 6
154 154 153
77 75 7
35 34 34
63 64 64
63 64 84
58 55 66
102 101 101
42
106 104 105
122 121 121
69 68 68
28 28 28
63 51 61
12 12 12
12
38 83 88
22
79 73 , 79
19 19 18
64 ft 64 63
117f 17 116
104 SOS 103
64 T6S 68
15 15) 15
53 52 31
7 7 7
47 1 46 46
46 45 "45
33 82 82
185
48 42 42
13 13 18
8 8 ft
29 88 28
22 22 22
I 41 4 4
1.198.500.
$12,600,000.
cent,
cent,
cent.
NEW INCORPORATIONS
Salem, Or.. Sept. 13. The Dexter Lumber
company of Dexter, Lane county, capitalised
at $15,000. filed articles of incorporation with
the state corporation department here Tuesday.
The incorporators are Ernest E. Hyland,
Ernest Smith, Wilber H. Hyland and Kath
erine Smith.
Other corporations filing articles Tuesday
were:
Xorthweft ecirtpany, Portland; $26,000;
Norma Hailey. Vernice Heed and C Seymour.
Portland Exposition Social elub, Portland ;
$1000: 11. Hutton. James E. Pierson and
T. 11. Johnson.
Crescent InTesjtment company, Portland;
$10,000; G. M. Worrell. C. F. Kettleberg.
A. K. Smith.
WASHISGTOS LUMBER MILLS
REPORT BETTER COSDITIOSS
Spokane, Wash., Sept. IS. Much better
conditions than a year ago are reported by
the Western Pine Manufacturers' association.
which includes the principal lumber mills of
the Inland Empire. It reports that 50 mills
of the association cut 147.48fy49 feet during
July. The shipments for uie month were
5087 cars of 133,865.219 feet. The cut
exceeded the shipments for the month by
13.624,430 feet.
For the same month rh 1921 the mt of
48 mills was 110.587.692 feet. S7.0O0.000
less than for July, 1922. Tha ahipmenta
Were 2944 cars of 77.24S.274 feet. 66.
0OO.000 less than last August. For July,
1921, the cut exceeded the shipment by
83,344,818 feet. During July, 1922. 1134
cars of lumber went to Atlantic coast states,
436 to Illinois, 406 to Iowa, 416 to Minne
sota. 381 to Oregon and 382 to Washington.
FOREIGN EXCHASGE RATES
Corrected daily by the foreign exchange de
partment of the United States National bank.
Quotations below (except the pound ster
ling) are quoted on the basis of 100 units for
eign currency.
Opening nominal rates on bsnk transactions:
Draft Cabla Par
Checks Transfers Value
4.43 $ 4.44 3 4.866
7.60 7.61 19.80
7.20 7.21 19.S0
-06 .06 28.81
4.21. 4.21 19.80
London
Lbs Sterling . $
Paris- Francs. .
Belgium Francs
Berlin Marks .
Genoa Lire. . .
Athens
Drachmas . . .
Copenhagen
Kroner
Cbristiania
Kroner
Stockholm
Kroner
Hongkong
Currency . . .
Japan Yen. . .
Shanghai Taels
2.70
21.30
16.63
26.45
57.87 '
48.85
77.60
2.72
19.30
21.35 26,70
16.70
26.70
26.50 "26.70
68.12
48.50
77.90
Canadian dollar discount. 1 2 per cent.
BOSTOS
(Reported by
Bid.
Aria Com 8
Adventure SO
Ahmeek 63
Algomah 5
Allouez 25
CalAAriz 00
CaiAHec 282
COPPER STOCKS
Overbeck A Cooke Ca)
'A iMasn
10O iw. Butte
64 iNipisstng.
13 IO D Cop
26 lOseola Mg
61 lObiJawa..
296 Ultiin Mr
.sew corn 1 18!pond Cr.
Bid.
VaX 1
111 111
Centennial 9
Cop Rge 39
Davis Daly 4
E Butte. 10
Frank Mg 2
Hancock 2
Helvetia 1
W Crk 110
Keewanaw 2
Kerr Lake
Lake Cop
I .a Salle
1 Michigan
Mass- Con
Mohawk
13
56
17
69
'l4
16
25
43
86
8 t
79
28
70
'l9
136
62
59
19
135
189
29
13
34
18
59
72
22
22
60
19
39
32
81
106
16
81
122
88
88
79
98
94
2
25
10
4
83
48
57
80
76
46
93
37
32
S3
12
7
14
57
17
59
95
14
16
25
57
48
SO
79
26
70
179
19
136
63
59
19
132
189
29
13
34
18
59
73
22
22
61
20
89
32
61
106
16
31
122
88
39
79
88
94
.2
6
2ft
10
6
85
48
97
80
76
46
93
98
32
83
12
. : I
8
4
1
2
2
59
May O Col 3
10 Hale Royal
40 S. Lake. .
4 Isnp Bosta
B ;Uni Sb M
2 I do pfd..
2 !8up .Cop.
1 Shattuck.
110 tTuolomne,
2iUtah Met.
4 IU 8 Mng.
4 Utah Apz
1 (Ventura.
8 Victoria . .
5 I Winona.
61 j Wolverine
4 jWyindott
11
6
00
85
2
41
21
22
44
4i
27
4'
8
66
1
42
2
28
1 H
1
10
60
Aak.
1
12
6
25
86
2
,42
22
23
46
. IS
41
27
. 5
9
68
1
43
28
1
1
11
70
BASK
COAST
STATEMEST OF
v Portland Banks
1921.
Clearings Monday 8 5.818.489 $
Balances Monday 1.335,000
Clearings Tuesday 6,141.090
Balances 1 ueJilay 1 ,077,397
Wed... 6.424,649
Wed... 756,334
San Fnanciaea gsaeika
Wednesday ......... $28,800,000
Seattle Blanks
Wednesday $
Wednesday....
Oakland Banks
Wednesday $
Loa An ssl as atari s
Wednesday 322,008.803
Taaatna Banks
Wednesday Transactions
Clearings
Balances
Clearings
Clearings
Balances
Clearings
Clearings
1922.
6.095.962
847.187
6.769,538
889,888
6,366,630
1.446,607
6.750,688
1,354,336
2.781.400
. . 3 2,939.000
' Fish Catches Are Seminal
Astoria, Sept. 13. As far as can ba
tamed no exceptional catches of fall fish are
being made in the Columbia river since the
fall season opened at noon Sunday, the eatchaa
being about equally divided between Chinook a.
silver-sides and ateelbeads. Opening prices were
8 cents a pound to the fishermen for eHnooka
and silvers idea and cents a poand for ateel
beads and white sturgeon. A few buyers are
reported to be paying 4 cents for silrersides
aad chinook a. Twelve canneries and 00a cold
storage plant are reported taking fi&k.
Money aad Exchange
New York. Sept. 13. L H. S.) Call
money on the floor of the New York stock ex
chance today ruled at 4 per cent; high. 4
per cent; tow, 4 per cent. Time money was
quiet. Rates were- 4 4 per cent. -
The market for prim mercantile paper
was quiet.
Call money ia London today was 1 per
cent. ' , '
Sterling ctchanew was haar arith bankers'
asua as 142 for
Prane Pickiag Start Soon
Sheridan. Sept. 18. Tha Sheridan
will start Picking within a faw an
as the prases are ripening fast, dus to tha hot
weather. . ,
Chicago Potato Market
Chicaao, Sept. 13.-11. X. S. Potatoes
Sempta 29 rant; Mmneeata and South Dakota
?TZ JT'V; , 1-16X1.2 i ; Wisconsin eobbWra.
3 1-3 Oft 1.45. . .... '
HARVEST BOOSTS
SOUTHERN TRADE
y I. V. Shame .
New Or leans, Sept. 13. Harvesting-of the
two principal crops of this section rice and
cotton ia having a -stiranlating effect oa busi
ness, and jobbers and asaaafactntais today re
ported an Increased flow of orders this week.
Prices received by the farmers for these crops
Insure a decided increase in buying power in
tlie rural districts. v
Tha moat encouraging feature of the ' situa
tion is that producers are getting a larger por
tion of the proceeds of their crops this year
than ever before, as they have depended largely
on tnetr own resources instead of borrowing
busily. Bankers said today they never be
fore havw extended ao little financial aid to
tha farmers as this season. Many of the
tU,!f t 'f' industries, however, are being
held back by shipping difficulties. The great
est sufferers are tha. lumber mills.
ASTHBACITE DISTRICT RETAIL
MERCHANTS INCREASE DEMANDS
. Jhi?d!rhi' 8j- 18. local wholesalers
and Jobbers are today noting an increased d
m r'u11 merchants in the anthracite
distnete as the result of a return to work in
Jli? . 8tock n- ordered
for a big fall and winter trade '
-- The results of the coal strike hare appar
ently called a halt in the reduction of liring
costs in this section. The anthracite mirier.
are back at work oa the old pay scale, tha
steal industry has incrAsed wages and so have)
employers , in many) otlwr lines. These sd.1i
tlooa to costs ef production, mean high prices
to consumers and wagaa in general give no ia
dicatioa ot coming down.
Common - laborer are- flocking- to the ht
tajninoaa aninas, where thev are paid 70 cents .
an hour, aa compared with 3 5 cents ia tha
steel industry. , Sonne miners, under pressure
of production demand, are reported to ba
working, at a rata which would pay them
etvvu a ya it continued.
rata wlu
if rontini
deJmas
SHIPPING TiEjttASD CUT OFF
BY EASTERN. CAR SHORTAGE
Chicago. Sept. lit. The cay aborts in the
East has that off shrpping demand and ceased
a weak tarn in grains la this market, which
ted business.
railroads to handle the
today the main topic ef
iK circles. It is polntea
rdered nearly 26,000 more
has resulted ia a
The ability of
crop movement
conversation ia g
oat' that carriers
ears in the first seven, months of . this year
than in the coi responding period of last year.
snd dealers are speculating oa the effect this
new equipment will hare on the grain move
ment if the shopmen's strike is continued, i
A freer export movement of packing house
products, grains and other mid-Western prod
ucts is looked for in many Quarters here. This
seem based on al reiwrt that these prodwta
are being contracted for shipment to Russia.
acjed
F.ngeno Pmnles Keady for Harvest
Eugane, Sept. J 13. Prune dryers of the
Eugene Fruit Or vers' association have started
snd by the end of - the week Lane county. a
mammoth prune crop is expected - to be fa
ranid process of harvesting. Private dryers
ar also expected (to bet under, way this week.
Irrigation Bonds Certlfeld j
Sslem. Sept 13. A block of $100,000 in
bonds of the Grants Pass irrigation district
- MMirua a h tha stale irrigation securi
ties commission. Tuesday. This brings the total
bond certmcatioa
31.890.000.
Tjili!liiliiliitiisiiliitu(iiitiiiiiliiliiiii(iitliiitiiiitliili(liiluliiiuiiililiiliilii(i::
Lost-
for this district up to
1
iiliiiaiuliiliiliiIiilnlilliiliTiui'.
The Interest on $21,000,000
Victory Notes '
Last spring the, Treasury department
of the United States gave notice that on
June 1 5 it would redeem all outstanding
Victory 3 Notes and that on that
date interest on' these notes would-stop.
This notice was broadcasted widely and
time and again appeared in newspapers
throughout the country. And yet this
notice evidently escaped the attention of
many, because on July 3 1 st, a month and
a half after redemption date, there were
$21,000,000 of these notes which had
not yet been presented for payment. The
loss of interest to holders of these called
Victory Notes amounts to
$2000 a day.
- II-
V I!
more
Every day notices are appearing
that bond issue has -been called
Perhaps you are holding now bonds
been redeemed and which no longer
th
an
.1
tnat this or A
or payment.
that have
bear interest.
you can pre-
There are two means whereby
vent this loss: First, send today for one of our
Investment Record Books and keep an accurate,
adequate description of your bonds so that you
may readily know, when notice .ap pears, if your
bonds are called. Second, file i vith the Sta
tistical Department of Blyth, Wi ter & Co. a
record of your investments and notice will be ,
sent you in the mail whenever your issues are
called for payment.
Thousands, of investors in Oregon profit by
this service, which we render them
You, too, can profit b$ its use-
without cost
Blvth; WitteW .Ca
Fourth and Stark, Pordand
ilill:iiil'ili!linl:ill'll'i: in, iil!ni,?;';,tMllil.iiil;:!i?t'iiiii: III t'!'iH'..,.;, ,, n,,,!,,!,.
ClipYoiir
Bond Coupons
Tomorrow and
Bring your coupons to us for collec
tion and instruct us to credit them
own selection-
term bond that
on a bond of your
preferably a long-
promises extra profit from advance
price.
in
Re-Invest in Solid Securities
Yields
to 8 Plus
municipals
Issao :
Condon. Ore., Water 6s
Tillamook County 5J2S.
Baker County 5
Bandon, Ore., 6s ...
foreign governments
Rio Janeiro 8s... .11947
BraziMt of. 1895.......
Republic of -Bolivia 6s. ........ . .
v , . corporations
Bonney View Farm 7t..
Lewis-Qark Co. 7. . . . ... ... - . . . .
Vi- Canadians-
Province of Saskatchewan 5s.
Greater Vancouver 5s .......... r .
Province of Alberta 5 JJs. . . ......
' Dae
1942
1937-39
1939-29
1927
1926-28
1932
1932
L 1925
1923
1929
LUMBERS
Tleld
5.40
4.757o
4.65
5.25
7.80
8plus
7.50,
7.00'o
7.00
5Vz
5.75
5.40
BROADWAY and OAK'
I