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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Sept. 19, 1922)
THE OREGON DAILY. JOURNAL- PORTLAND, OUKGON. TUESDAY, SEPTEMBER 19, 1922. X4U 1 ' 4 I- STOCKS THAT FELT! EUROPEAN WAR BEAJIISHNESS SHOW FAIR RECOVERY, AT OPENING FOREIGN AFFAIRS ARE LESS DRASTIC Sy Stuart P. Wwt "Wall Street. New York, Sept. 10. In all the markets today a more farorable Tlew waa taken oS the European political situation. No exnerienced o b server 1 "xA I "7 Ji 4 believed Moo day's commotion waa .anything- resernblint a geiattma war scare. There were too many essential characteris tics missing. Bat whatever a a easiness there had been was considerably modified this morning despite the apparent determ ination of the Euro pean allies to let Ene Und go it alone in opposing the Turks. French government issues recovered both abroad and here, and su did British consols, i The foreien ex changes were decidedly better, with sterling NEW YORK BOND TRANSACTIONS Reported by The Journal's Wall Street Bamaw- . . - f ' kLru a,;am and francs back over all and wore of the ground lost the previous day.. Cotton improved, while wheat options fell sharply. 8ticks had a fair although some wheat, cautions rally, and a better demand ap peared for investment bonds. Monday's Market Speculative This prompt, if not thorough reversal, made itse'.f . quite plain that Monday' price move ment -was the result ci s?eeulation exploiting the Turkish news rather than any expression of concern in banking and commercial circles. Wall street opinion was not a unit on the question of whether the .Torks and British would actually clash, but the great i majority felt that England's extensive preparations by sea and land would have the desired effect and that the trouble would be adjusted through diplomatic channels. In speculative quarters it was held that the shake-out in stock would have come about under any circumstances. As tcc Monday's upturn in the wheat market It was a iflanib!e and satisfying explanation that the gram trade in the prolonged decline of tlie summer had exaggerated tlie slackness of .the f ureign demand and was ready on any suitable pretext for just such a sharp recoil. Stocks Show Recovery On the stock exchange the recovery was naturally most pronounced in shares which had most felt the force of hort selling. Mexican Petroleum was one case In pioint; Mercantile Marine jreferred was another. At the same time the pools in various industrials got to work again, the most conspicuous of thee movements occurring in Austin Nichols, Utah Securities, the sine and. 8ouih American cop per stocks and tEe Express Co. shares. Stocks Move Ahead The stock market continued to move ahead through tlie afternoon, but at a slow pace. Jas shares came to the front again ami so did some of the high priced oils. The strength of the xinc stocks wax a reminder of the return of the zinc industry to profitable conditions once more. yuite likely improvement in shipping atocks hid ia view, the possibility that out of the European developments might come higher ocean freight rates. What the action of the market in general established was that the iki sition had been strengthened by the decline of the preceding day and that the forces working for higher price, although lately not success ful -outside of a few specialties, had not really lost their grip. High Prices Near End The high prices of t'ie day were reached in the final hbnr, but the volume of trading was comparatively fmall. In this respect the stock market demonstrated its reluctance to spread out kt all in new undertakings until more light had been thrown upon the political comiiScations abroad. By George T. Ha goes Wall Street, yew York, Sept. lt As far as prime Investment Issaes were concerned today's bond market was a complete rerersal of that of Monday. Then the concern over the sltaatloa Id the Ifear East was reflected is 1 nota tions for hlsrn grade as well as specu lative securities. Demand for the best bonds today was firmly sustained. The Improvement was not so marked la the more speculative issaes. Healers la bonds of the latter grade still had large debit balances which they were ap parently aaxloas to redaee. Liberties shared the general Im provement. Confidence was expressed that' the bonus bill wonld be vetoed in such tremendovs terms as to Insure the Teto wonld stand. The Trench is sues, wAlch were so soft yesterday, all gained today. French government 7Hs at 97 were p of point and the 8s gained almost as mach. The city of Berne Ss advanced more than a point. Crecho-Skak 8s, which sold at 94 yesterday, adTanced sharply, al though they reacted later in the day. In the early dealings the Vnltetl King dom iV4s of 137 were an apparent ex ception bat here the loss was only frac tional. Among the industrials Chile Copper Is made a new high for the year. New York. Sept 19. Following ia an offi cial list of all bonds traded , in on the New Tork stock exchange today, with price and sales up to and including the close of the market. Total sale today were $12.31 1,000, against $13,722,000 yesterday. $11, 383.000 a week ago. $13,033,000 a year ago. and $ 12.365,000 two years ago. From January 1 to date, $3,158,558,000 agaiiist $2,1 48.891,000 a year ago and $2,- 654.345,000 two years ago. LIBERTY BONIS Sales tin $1000) "High Low 1 Close 396, LiberfV 3 Vis 1 ; do 3 Vj s rec 21 do 2d 4s. . lj do 1051 do l do 668j do 6 do 7341 do .20 11381 .110144110120 10144 . 101iail01181Ull . 10OO410OO4iL0OO4 2d 4s reg... 90O JtOi DUO 1st 46. ... 10064jlOO04jlO064 1st 4s reg. 1003610O310036 2d 44S 10018)10010!l0012 2d 4tts reg. jl0002 06j 90U8 3d 4Hs . . il003;10026il0028 NEW INCORPORATIONS Salem. Sept. 19. The Central Oregon irJ"'''.?! corn!,any of Bend, capitalized at $100,000 ,has been incorporated, articls be ing filed with the stale iorjoration depart ment here Monday. The incorporators are A E. Mulford. 3. A. Allquist and W. A. Shelby . Articles were alo filed Monday .by the Kobert E. tiold Mining comany of Grants Pass -capitalised at $50,000. L. 3. Peck. I. eck "nd S' A- L'ry re 'nconorat'ors! Permission to otierate in Oregon has been granted to the Moreland Motor Truck company, a California corporation capitalised at $2 500 -000. V. H. Smith of Portland is named as attorney in fact for Oregon. Salem, Or.. Sept. 18. The Columbia Con struction -uin!ar.rof La firande. capitalized at $10,000, has filed articles of incorpora . tion. Tlie incorporators are Pat Lonergan licrooe Xeal and Carrie Ward NeaJ. Portland tVllege of Chiropractic Physicians and Orthopedic Surgeom. Portland: $2000 Eugene B. McDonald, Robert A. Foster ami Arthur O. Berg. Oswego I ,og and Boom company. Portland $50,000: H. 1).. Haley. W. E. Stewart and Oliver. B. Huston. BOSTOS Famished by V Ariz . . I 8 Adventr. 50 .-3kv "meek.. C3 ' Aigomah. 2 S , ;; - Alkmu!. . 24 H I ' Arcadian. 2 1 ' lwsgnm M 17 t al & A eo ; 'ai & H..2S0 j New ''orn 1.1 . f ' ent't.; it i- V;- .p Kge. 40 H 1 ' .d l'iy 4 ' f f r. Butte, ioh i ' Frtikin M 1 Si Hancock.. 1 i ; C lielwa. . . l . I . trk ..104 Vi . - i ., do p.d. . fS v, f -" . Keewana. 2 .. Kerr l.k. 3 -a t 1 Jtke p. 4 h'f' l -fr-He. 1 , i Michigan 2 S f -. t 'foha'-k. 59 ' May o 3 Mason VI 1 a COPPER STOCK Ov.-rbeck i Cocke 81 10i y. Butte 64 INrpissing. 3 IN. Ike. 2" in. I. . 3 SKeola M. Is iObijawa.. 1 (Qcy. M. . 2U0 IP. Creek 1S,I. Itoval . l.O ,s. lake. 44 40 4 Sp. Boston t i s 1. S. M. 41 10 Hi do pfd. -27 2 S. Ftah . . 2 - 2 (S. Cop . . . 1 ilShattuck.. 1 05 Tri. Cop. . 1 S 0 iv TuJlomne 60 2?ifCtah Met. 1 "4 5 I uh Con . 2 'i i V4IF. S. M . 42 1 H !( tah Aex. 2 i 3 i Ventura 28 ht 60 V ictoria. .. 1 Vi 4 jWinona. . 1 H 1 j Wolverine 10 Wjandott B0 Bid. 11 'i . 6 30 23 V, 35 2 Vi 4 0 20 4 Vi 8 S Co.) Ask. 11 a i so 24 36 V, 2S 41 V, 20 Vs 23 46 1 Vi 42 28 6 5 rH J Vi 65 1 H 2i 43 - 3 2!t 1 H 1 11 V 60 qJoRDAN-VeHTWORTH Ctt 201 Railway Exchantrm Member Chicago Board of Trade .STOCKS BONDS - GRAIN COTTON PRIVATE LEASED 1YIKES TO E. F. Hutton & Co. MEMBERS ALT. PB1SCIPAX EXCHANGES Solicit Inquiries Ail Local Securities do 3d 4 i reg. ;1002O10O141O020 do 4th 4 Vis. .. 110060)10046110054 do coupons ,lO054(1005210052 do 4th 4 Via regil005210042iooai: . ;10074jl008;lOO72 . 10060jl0060il0066 . ,10034;10030,10034 . fl 00201 10020, 1.0020 "BONDS 271 211 Victory 4 1 a . . 18 do 4 s reg 3 1 5j do 48 2 3 j do reg 4 s. . . FOREIGN 31iArgentine 7 102 Vi 62Belgium 7 Vi s ... 104 Vi 1 61 do 8s 104 38! do 6s JV I Bergen 8s 110 13jBerne 8s 115 24; Bordeaux 6s . . . . 8il Vi 13ICopenhagen 5 Vis 03 Vi UllLyona 6s 80 Vi 47iMarseitles 6s '52. it 4 6 1 Montevideo 7s ... 94 I I Porto Alegre Ss. . 102 V 25;Prague 7 Vi s . . . . 83 12 Bio de Jan 8s . . lol 29 do 8s ctfs .... 101 8Sao Paulo 8s . . . 102 Vi 6Tokio 5s 72 10;Zurich 8s 1 14 i 27. Seine 7s temp ctfs 88 ljDanish 8s A .... 109 Vj 4;I)ominican 5s . . . 97 Vi 15,D Can 5 Vi s notes) 101 T. 5j do 5s '26 100 40 do 5s "52 : . . . . 99 H 7 do 5s '31 100 Vi 47 V E I rets 6s '47 98 10 do C . . v 95 Vi 109 do rets 6s '62.. 96 Vi 179 French govt 8s.. 100 Vi 271 do 7 Vis 97 14 Ini) Jap 1st 4 Vis 94 4 2 do - 2d 4 Vis. . . 82 U 11' do stlg loan 4s. 82 13)Denmark 8s. . . . 1 1 1 Vi 19 do ctfs 6s .... 100 2,TtaIy 6 Vis A. . . 96 4 6, Netherlands rct6s 95 5 Norway 8s ' .... 1 1 1 2 106 Sweden 6a 105 29 Bolivia 8s j 98 9 Chile 8s .... 16 do 8s 7 do 8s ctf . , 5 Cuba 5s '44 . . 9i do 4 Vis . . 32,Checo-Slov 8s 1 1 nig nay 8s . . ttlQueensland 7s 26i do 6s ctfs . , 35!Swiss Rs . . . . 10;Hio Gd de Sul 31: 8ao Paulo 8a 101 103 . 103 Vi 99 Vi 110 Vi 114 U 80 93 79Vi 93 Vs 102 Vi 104 103 99 vi HO V 114 Vs 80 '4 93 79 Vi 94 93 Vi I 94 102 Vi 102 H 83 I 83 H 100 'i 1101 100 Vi IIOI lo2 Vi 102 Vi 71 V2I 71V, 114 1114V, 87 Vi 109 V VG 101 Vi 99 S 99 V 100 97 95 Vi 94 Si 99 H 96 1)3 Vi 82 Vi! 82 I llOVi: 99 96 1 94 ! illl V 104 Vi 98 . . !102 Vi 1102 H ,.104 103 . .'104 Vi 103Oi . . ! 90 i 90 . .1 90 Vi ! 90 Vi ctf 95 93 . . 106 '106 10H ..,111 illOVijllOVi . . 105 1104 1104 H . .1121 1121 Vi 121 SiilOl ;ioi V 1101 i 102 i 1102 V 102 i I18 S 109 V 90 . 1 H 99H 99 Vi Wrll 97 H 95 Vj 9 5 Vi 100 95 93 V, 82 82 110 99 V, 96 93 112 104 Vi 98 Vi 102 S 103 104 90 90 Vi 93 S 1 I" K C.B&15 Vi S22110O 1100 SO do 5 Vis '29 . . . ;106 106 Vi 1641 dr 55Vis '37 .103il02Vi 52U S Brazil 8s. .1103 Vi 102 Vi 221 do 7Vis t 89V4I 89 8jC S Mex 5s I 53 Vi j 52 151 do large 5s:.. j 50 50 Vi 251 do 4s 1 39 I 39 NEW YORK CITY BONDS 2;N Y city 4s '581101 1101 100 lo 14 102 Si 102 V S3 ' 52 '-i 5o 39 '101 MISCIOXANEOI'S AND INDUSTRIAL BONDS 12jAm Ag Chm 7 Vis 7 1 Am Smelt 1st 5s 9 Am Sug A Ref 6s! 18!Am TAT cvt 6s 21 ,1 50 40 8 105 95 S 103 Vi 116 do eol tr 5s. . . . 100 H do cvt. 4 Vis . . 101 do col 4s 93 Am W Works 5. 88 Jnrl'nMar cvt 6s 79 H Armour r e 4 Vis. 92 Vi 15 AU Ref - deb 5s.. IOO 4 Bell TeFof Pa 7s. tOSH lOiBan-rwdall 8s A.. 105 Vi HBechStl 1st ext 5s 98 Vi 10 do ret 5s ..... . 97 I tj di p m 5s 84 Vi 10; do 6s 100 3 Braden Cop 6s . . 99 S 1 iBk.n Edi 6s B . . 104 1 do gen 7s C. . . 106 .VUkin Edi 7s It.. 107 8, do 5s . . . . . . . l liCen IMst Tel 5s. . ildoVi 1 ,"en Leather Gti 5sj 98 Vi 2 Cero de Pasc cv Sa,1" C.VChile op cvt '1-. 109 S3iChile Cop cl tr 8s 93 3 Cin Gas&El 5 Vis 100 V4 36Cc4o Ind 5a 78 7 'Colo GasAEl 5. 96 2 Com Cables 4s.. . 78. 5 Cmp AancBr 7VislOO ;Con Coal Md bi 91 Vi 3!CubCn8 ev db la 88 do 8s sta 92 9'Ctrb Am Sng Ss . tlo line Kdi rfg 0. .1IO0H 1!1S Edi rfg 6.i 98 2 Det Riv Tun 4Vsl 89 C, Distill Sec cvt 5s 50 6'Dnner Stl ref 7sl 96 V, lOiDop de Nem 7Vis10S 9iDwi LAP 6s. .1105 II rmtj Lt A Pvy Vis 108 vi 1011E G A F evt 7 Hs( 96 4 FVk Rub ( o 8s. 1107 21Fren I I db 7Hs) 94 Vi 105 1105 95 I 95 103 h '103 Vi 1 1 S Vi 1 1 1 3 BO It ! ! 7a 101 93 88 H 79 92 99 108 105 Vi 08 Vi 96 93 100 99 104 106 101 93 87 V, 79 92 99 108 105 Vi 98 Vi 97 94-Vi 100 99 104 106 Sales. IS $1000 High. I low. Ooae. 107 V,lo7 Vi OS I 99 iooiioo 98 i 98 125 ;127 107 Vi il 07 Vi 94 100 78 98 78 100 91 88 92 107 105 98 89 50 94 108 IffS 95 IOO 78 V, 96 78 100 91 88 92 107 105 Vi 98 89 50 96 Vi 10X 105 107108Vi 96 j 8 106, 107 93 H 1 94 Vj 7;Franc Sug 7 Vi . 102, (102 102 C Klamath City of County Portland 5V4 Bonds 4y2 Bonds " -. f . Dated Due Dated , Due April 1, 1922 April 1, 1939 Sept. 1, 22 Sept 1, 28-52 . - a D110111- $100- Denom. $1000. - ; - 1 Price to Yield Price to Yield r 4.80 420 Income Tax Exempt ; ; Wire Orders Collect Ralph Sghneeloch Company . V. MUNICIPAL CORPORATION: . Second Floor Luhbermens Bldg. Ill-: ' 2Geal El deb 6s. . 107 107 1107 S do deb 5a..... 101 Vi 101 1101 Vi 19!Odreh 1st 102 10141101 20(G T A R 8s '411116 118 116 8 do 8s S1 10 100 1100 ISGracby Min 8s.. 4 94 j 94 1) do 8s 9 99, 99 29;Hol Am Ln s rt 89 88 j 89 42 H O A R db 5 Vis 89 99l99 3lnt Cmnt 8s.... 109 lOBVijlOSV, 27;Int Pap 5 B . SO 80 90 12ilnt M M S F 64 93 93Vi 93' 34;Inv OH 8s '102 1100 1102 t J Kayser 7. . . 5: Lack Steel 5s . . . 15 do 5a Ligg A 7 iLoriilard 7. Myers 7s. (112 Ma Cod 7s 6 M S deb 7s cusi 7 M O 7 Via ctfs aiMich State Tel 5 si 89 . 14, Mid Steel cvt 3s. 89 8jMorTis 4 s 80 i2iNat Tube 5s . . . .!101 12lN E T A T 1 5sA 99 11;N TEC ref 6s1112 l'NTGELHAPC 5s. 10O 13iN X T gen 4 s . 97 5 do ref 6s 107 1 IN F P 6s 104 92 IN A E 6s 96 2jN O T A L 6s. . . 95 3;N. States P. 1st 5m 94 17'N.jrYV. Bell. T. 7s 108 H O. L. A P. 5s. . 98 2;Otis Steel 8s. . . 101 V do 7s 95 25;Pac. ir. A E. 5s 95 1 Pac. T. A T. 5s 99 li do 5s rets. ... 93 1 i Packard Mot. 8s. 107 10iP. A. P. A T. 7s 101 l.P. G. A C.ofC.Ss 96 4Phil Co., ref. 6s. 101 5;Pub. K. tof N.J.Ss 89 JUilToa. A Kef. 8s. 1105 105 1105 100 100 84 93 119!ll9 119119 119 118 il5 100 84 118 119 119 99 9i 98 do 8s warrants. lOjRem. 1st 6s A. . 4,K. Brown I. 7s. . 7l.Ss.ks A Co. 7s. . '8iSin. C. O. 5s. 132 do cvt. 7 3. . . 116 97 97 101 99 11 99 89 89 Vi 101 99 112 100 96 107 104 85 n: 99 89 90 101 99 112 100 96 107 104 96 51 95 94 94 107 jl07 98 j 98 101 95 94 99 93 107 101 96 101 89 101 116 98 96 101 99 101 95 94 99 93 107 101 96 101 89 105 116 96 97 101 99 105 J105 105 ret jlOl 101 101 H.8s. 98 98 98 57i do 7s 10 Sharon Si -l'S. P. R. S. 7s.;i02;i02;iO2 -ia. -. at cr. os, 97 97 j 97 KJ. li. a. 7s. ,105 ,105 9S. A T. Co.ofA.7s,iai 101 7!Tidewater O. 6 s,l 03 l03 2jTol Ed 1st 7s. . .1108 J108 lO.Tob Prod 7s. . . . 106 100 i n nag A p SsctfilOl H01 tin Tank Car 7s .. 103 12Cn Drng 8s ..... 1 12 lt" S Hoff Ma 8sjl04 10i; S Real A Ira 5s 98 2;Cn SS Corp 6s ct 92 ,i,L S Kub 7s. . 67:C S Rub 5s Till' S Smlt RAM6: 16 23 88 1 V S Steel s f 5s l tah Pr A Lt 5s. Va-Caro Chem 5s. do 6s do "s rets A . . . do 7 s do cvt 7 s A wrl 29;Warner Sag R 7sJ103 -i west renni it 7s 3W V col 5s .... 5 do real est 4 s . 4( do 6sj 7Westh8e El 7s... 2 Winch Arms 7s 7 Wilson 1st 6s . . . 16 do cvt 6s .... fl rl T li- . RAIIJIOAD BONDS O.-.A I ASF gen 4s 92 j O I uu . fc II. . . . . 4(A C L 7s 30 do 1st con 4s. 109 90 102 103 93 100 100 . 98 105 98 105 Vi 100 94 112 108 104 102 97 101 103 111 104 97 92 108 90 101 103 93 1 00 100 98 105 98 103 105 100 94 112 108 103 101 97 101 105 101 103 108 106 101 103 111 104 98 92 108 90 101 103 93 IOO 100 98 105 98 103 105 100 94 112 108 103 101 97 101 S5 107 91 84 101 oi 87 86 95 84 93 -92 10 do L ANcol tr 4sj 23 B A O 6s 9! do ref 5s 73 do cvt 4 s . . . . 23, do gold 4s 3 do pr In 3 s . . . 121 do 4s Tol&Cin dv 7 . do. 3 Swn div 7 Bkln Rap T 7s . . 5 Bklyn R T 7s tr I co ctfs j 91 6 Buf Roch A PiUsI 1 con lis 6, Bush Term con 5s ljCan Sou 5s 2, Can Nor 7s 15 1 do deb 6 s. . . 4 2iCan Pac 4s 1 ,Caro Clch A' O 5s 401CentRyofBrazil 7 SjCentoGaRy con 5sj 12;Cen Pac 1st ref 4s! 90 12Cent RH of NJ 5s)109U 1 doABnkCoGa 5s 97 DC A a con 5s. . .1102 Vi il no cvt os ) 4i do gen 4 s. . . 4 1 do cvt 4 s ... I 1, do RAA 2d 4s. 1 niac Alton rfg 3s 94 92 101 114 92 92 85 I 85 - 107 107 91 i)l 84 j 84 ioi ioi 91 I 91 87 i 86 ; 95 83 j 93 I 9 91 I 87 86 9 5 84 93 92 91 94 92 101 94 92 101 114 1114 I14114 ,114 83 83 j 83 91 81 j 91 91 I 91 I 91 ioo ;ioo ioo 90 1 90 109 lO0 97 i 97 102 1102 33, do 3 s VC B Q gen -Js. . 64 ; do ref 5s . . . . 9!C & E I 5s . . . 5:C A E 1st 5s. . . 19 C G W 4s 3lC M A S P 4s. 721 do cvt 4 s 21 do rfg 4 s A. 1 7 1 do cvt 5s B . . . 431 do 4s liC M P S 1st 4s. 1C N W 7s 1 dc, 6s 15 do g m 4s. . . . 6iChic Rys Co 5s. . I 3tC R I A P gen 4s 386. do rfg 4j I 31CTH A SE IstrfSs 97 90 90 80 52 I 35 I 91 1102 86 98 54 79 74 68 77 85 74 110 111 90 Si. ! 82 86 87 83 97 90 j 90 80 I 52 35 91 97 90 90 80 52 35 91 101 1102 85 98 53 78 73 68 76 84 74 8 5 98 54 79 73 68 77 84 74 110!110 111 111 90! 90 82 I 87 83 W. O ChiAW Ind 7 si 1 02 V4 ;1 0-2 U 2'CCCAStL db 4 s 92 ; 92 31 do 6sA !ll)jv,iO'H 15 Cleve l'n Trm5 s 105 l05 105 .11 rig 4,8! SIO fc 4!Cuban R R 5s . . j 86 12j do 1st InArf 7 s 107 11111 A Hud cvt 5sll01i 82 86 87 83 102 92 102 6 ! do 7s 113 11 D A R G ref 5. 47 lSj do con 4s 78 3 ; do eon 4 s . . . 81 ll DetVn Rys 4 s. 85 3 Erie 1st cc n 7s ex 103 S8 do gen lien 4. . 54 6 do p 1 4s . . . 65 6 do ct -4s H. . . 52 8 do cvt 4s 1. . . 55 5 do Gt-n Riv 6s. . 97 2;Erie A Jersey 6sj 96 j -;u i or nan os..;t04 13!Gt Northern 7s.. 1113 7 ao 54i 105 j i i.n b-w dee B . . . 14 ID'H E R L A P 5s S6 15H A M ref 5s A 87 201 dc adj inc 5s. . 67 oliii tent ovs 131 do rfg 4s .. 91 do 4s Sjlnt Met 4 s 50 Int R T cvt 106 lnt R T ref 5 do rf 5s bnkrs cfsi 4 ; do s i-ijini It as tits clsl 11 do 7s . . II do 6s A . 5 1 Iowa Cent 1st 5. 4 do ref 4s I 2 K-C Ft S A M. 4s 2 K C So os .... , h do 1st 3s .... . 14 Keokuk A D M bs 4 tKir.es Co Kl 4s.. 21L E A W 1st 5s. 90 f0 86 87 106I107 101 (ll 113113 47 47 77 77 81i 81 85! 85 105 il05 53 i 54 64 62 I 54 I 97 I 99 104 65 52 54 4 97 1B 104 102 lf)2 80 1 90 83 113 1113 105 105 14 ! 14 86 i 86 86 i 86 67 67 U02 16 9.' 73 73 80 6. 90 83 18 97 73 73 80 67 41 do 2d 5s liLSAMS3s db 4s 21 do SHs deb 4s. 1 LehValPa .con 4 s 1 1 ao gen s . . . Si do 6s 4'L A Jeff Bdge 4s 6;L A N oni 4s 2 1 do 5s 1L. A N. 4s.AKCd 24 do SRyMon jt 4s 19 I A A A N W 5s fSlMan' Hy con 4s. . ' 1 Minn St L can 5s $4 do 1st rfg 4s. . . 7 do rfg 5s S Minn A St P S 8 Marie 6 s .... 3 do 4 ... . . . . . 1 M K A T 1st 4a. 80 do 4B 131 do 5aA 318 do adj 5aA.. . . . S5 do 6sO Mo Pac rfg Ss. . 24( do 5s 98 do 6s . . . li do gen 5-4s. . . .i 5:Nasssui Iee 4s . 7 X O A N E 4, T NOTtMae 5s - 2 do 6s A ..... . 11 X T C deb 6s.. .. , 2lNTCAHRf A 14 s. do geo 3 s. . . 1 5 do 4s ....... . 163 do 5s '. 1 STCL8 tr $. . 10 NTXHAH deb ts. 4i do deb 4s ..... i$ T Rrf 4s teds 83 16 97 72 73 80 67 100 1100 100 rfi 14 i 97 07 1 : 2 82 j 82 44 43 ! 44 83 I 83 83 92 02 I 92 7. 70l 70i t3 93 93 79 79 95 95 95 86 88 86 95 93 95 94 94 94 93 t 93 93 84 84 84 105 105 105 85 84 85 93! 93 93 106 1103 106 86) 86 6 83 83 I 83. 76 76 78 71 70 70 82 1 82 f 82 44 44 44 45 45 45 11 N T 8 R con 4 N 4k W R St ca 4s da vt Os, . . . do car 4s . . . 4 Nor Pac 6s B.. 301 do 4 . 18 da p 1 4s.. ... 8 do sea 3a . . . . . 38 do reg A imp 6s 8 O A C Is -10IO S L lit eoa s lj do 1ft rngtd Sail4 INo rf: 4s 93 ' HOW RB N 4s..j 84 106 80 84 7 87 64 93 98 82 L103 68 60 86 80 100 10T 80 80 82 99 T6V4 68 37 72 4 120 9 eo 81 63 99 IOO 104 105 80 84 72 87 63 97 8 92 102 68 5 86 78 10O 107 90 80 81 8 76 84 68 36 T2 94 120 90 109 89 80 63 99 io 104 104 83 64 105 80 84 73 . 87 64 88 88 92 102 68 60 86 79 100 107 0 80 82 88 76 84 83 37 7214 94 126: 99 109 88 96 V 63 9 too 104 & 104 99 84 FORD MAY MAKE STEEL WALL STREET STOCK QUOTATIONS Reported bf Overbea A. Cooke Co- Board of Trade Buildins; ' j HIS OWN By J. C. Royle, Special Correspondent of The Journal New York. Sept. J 9. Except for conster- natioai rn the ranks at -hi own employes the immediate effects of the shutdown of the Ford factories has been pretty well discounted in business circles. But the possibility that Ford may raid the -ranks of another industry and make his own steel, has not been discounted. according to dispa tones received within 1 2 hours from Detroit and other automobile centers ana from exepressions made , today by steel manu facturers here. Well-informed business men in various lo calities insisted today that tlie motive back of. the Ford shutdown was the disciplining of the United States Steel corporation and other steel manufacturers. They assert ' that 26 per cent advance in wages by the leading steel interest, and settlement of- the coal strikes in such a manner as to prevent lower coal prices completely upaet the Ford calcu lations. , They contend thit Ford needs to maintain a fairly wide price; advance in favor of the Ford car in competing with other makes of relatively low pricei range, and that the in creasing costs of coal and steel have thwarted lowering the Ford prices to neet cuts of other manufacturers without losing part of his usual profits. Steel, men pointed out that Ford has a reputation for stubbornness, that his company has assets of $409,820,132 and no liabilities except taxes, that he has enough cash on hand to pay taxes indefinitely if he never turns another wheel in his shops, and that if he has his mind made up to make steel and mines come to his terms, there is a decided danger of a new competitor iu the steel busi ness. In this connection it was recalled hy auto mobile men that a proposed wage increase by Ford over two years ago was vigorously opposed by leading steel interests who regarded with anxiety the effect of such a move on their own business. Many business men in Detroit, however, maintained today that the Ford shutdown far more likely had for its object the rearrange ment of his manufacturing system and that another thrill would be in store for the indus trial world when work is resumed. It is not considered likely in Detroit that other auUsnobile plants will absorb many Ford employes- Those plants are working on the regular tapering fall schedule which works tor reduction of forces rather than increase. In addition, with the reopening of the Ford plants in prospect, the other companies are not much interested in hiring men unlikely to be per manent employes. Quite a number of wood workmen un doubtedly will seek temporary work elsewhere. The mines in the upper peninsula of Michi gan which have been wonderfully short of help for some time have sent word that as many of Ford's men as want to come can find work in the mines with free water and light and house rents ranging from $4 to $6 a montiu The majority of the workers, however, will sit tight and wait for orders. The Chevrolet, Oray, Overland and Star cars seem auost likely to gain headway on Ford if the shutdown continues any length of time, but Ford is prepared for this in a measure, as he has enough cars available for deliveries for from one to two or three weeks yet. Retail automobile dealers in various cities stated today, however, that Ford may have calculated wrong in giving his competi tors this unusual opportunity at car profits. It is evident on certain automobile rows that buyers have gained the impression that the shutdown means that Ford has quit selling ai well ss making cars and that prospective pur chasers are going first to look at other makes. This situation, they believe, will result in an early announcement of the future Ford policy. Several parts and material plants which sup ply tlie Ford company are working on Ford orders for future delivery but their number is few compared witii those who have liad to curtail or to shut down. In Detroit tlie businesses which will be hardest hit are one or two big department stores and smaller outlying establishments which cater especially to Ford employes. sirs Fort Worth, Texas. Sept. 19. The pecan crop of Texas will be the shortest experienced in the last live yearsgrowers announced to day. Fill IT San Francisco. Sept. 19. Fig dealers and growers say that the Turkish and Greek war has had a bullish influence on -the market which was somewhat slack. . POTATOES Atlanta, Sept. 19. The Georgia sweet po tato crop is being prepared for shipment and preservation through the dehydration process. Scores of new drying plants and iilns were erected last jSummer. COAL Detroit, Sept. 19. Coal here and prices are dropping, now. 5 1 3Tw Tork, Sent. 19 Aeker re markabie . jnmn la the sow stock Gnlf Oil corporation of Pennsylvania famished one of the two main Inci dents ln today's tradins; on the ctrb exchange. The other- feat are was a violent advance la Standard Oil of IOw Tork. The street had rather thong-fat that the explanation for the rise f OTcr 26 points la Gnlf Oil lay la a deal of some sort with the Stand ard Oil of Indiana. Bat these r amors were revised as Standard OH of Sw Tot-k shot np and gossip shifted to that company as the one most likely to merg-e with the Gnlf OIL Standard Oil of Indiana stock lost ground the Sew Tork shares advanced, the former coming down ia the afternoon almost as much as it had gone up in the forenoon. Small lots of the old. Gnlf Oil shares were dealt in with a high well above 880. Trading in other issaes was less active, bat lessening of anxiety over the Tarklsh sitnatioo made Itself felt in a fairly substantial recovery. Par chases by shorts were mnch ia evi dence, especially daring the first half of the session. -- x Bales. STOCKS: I HUb. Low. Hid. Sales. is more plentiful There is no rush LUMBER Fort Worth, Texas, Sept- 19. Lumber mills in Eist Texas are" again running on full Uime. ' CLOTHING Philadelphia, Sept 19. Fall offerings by dealers handling men's clothing showed trxiay that the public is largely interested in popu lar priced goods to the exclusion of the higher grades. MILK Kansas City. Sept. 19. A milk shortage in this section has been averted by raws and cooler weather, which have improved ial. pasturage. STEEL Pittsburg Sept- 19. The Aetna Standard plant of the American Sheet A Tinplate com pany is expected to resume shortly. Cleveland, Ohio, Sept. 19. Fabricating hi. auction are navillE litwe v "lJ nl.nli rihl at the d resent time and are oing today practically on capacity. COTTON' San Antonio, Sept. -19. Retail business in U lines, especially dry goods, furniture, hard ware, shoes and clothing throughout the .vi t nntiu .nd the sandy regions ot Texas is approaching the boom stage with tlie marketing of the cotton crop. run- today. DRY GOODS St Paul. Sept. 19. Local retailers pre dicted today that there will be advances m f manv department store ccgnmodities as a result of the tariff legislation, nnt all tines will be affected. Any vance. they say. will be moderate the runaway market for 1919 and but that price ad- and unlike 1920. AUTOMOBILES Fort Worth. Texas. Sept- 19. Automobile sales have shown a great decrease so far U'.a nnnth Tr. some extent this was attributed today to the railroad strike and also t tinued drouth in the West Texas stock Stock growers in that section are today a critical condition. i con areas, facing Irrigatioa Bonds Certified Salem. Or., Sept. 19. An application for the certification of J 100.000 in bonds has been filed with the state irrigation securities commission by the Horsefly irrigation district, comprising 19,800 acres of land near Klamath Falia. Sales! In $1000 I High 1 Low 1 Close ll:Pa R R 7s. . 52! do 5s 1 , do con 4 s . . ' 101 do g m 4 s. . . ITpo A E inc 4s J 3 Pere Mara 4s. . . I 3'P R I. A P 5s. . I 4 5 Reading gen 4s..! 23 StLASF pr to 4sA 8 do 5s B 5 do gen 6s C ... 58) do adj Bs 85; do inc 6s 8 gen BHs D 1 lj do SW 1st 4s. 61 do Term 5s. . . 4 StP A KCSL4s l StP Mia A M4 sj 11 IS A L cold 4s. 1,3 A L adj 5s. 21 do eon As 6 S P cvt is SO do cvt 4s 17 do col tr 4s... 54 Sou Ky gen 4a ISi do com 5s 37 do 6s S So By Stb dv 4 3d Ave rfg 4s 771 do adj 6a 3 1110 1101 100 94 87 83 87 85 76 91 100 86 77 8T 90 82 85 89 45 107 68 99 83 89 72 98 104 82 C9 07 5:Tol A O-C 1st 5.1 00 1 JT 8t 1 A W 3 si C8 ll'L'nioev Pac 1st 4i 94 14! do cvt 4a.. . . .4 85 8t do ref 84 f 89. liVs Ry 5s j 89 10! Weft Md 4s ..... 68 5: West Pae ,5s. ...j 87 2';Wts Cent gen 4- 4 110 101 100 94 37V41 82 87 85 75 91 100 85 77 97 80 81 85 99 45 107 67 99 93 88 71 99 103 82 69 66 10O 69 94 95 S9 87 84 110 101 100 94 37 87 85 76 91 100 88 77 97 80 82 86 99 45 107 63 99 93 88 71 89 103 69 67 106 68 94 85 88 67 87 84 8TANDAR1 OIL ISST7E8 7oOAaslo A. O 1 18 25 OaL Sic. Oil. . . .1 53 20 Ohio Oil. .1300 35 lea. O. of Can. . 1111 SSOO Int. P. C-Ltd.J 24 10 Prairie O. A U.J 65 2O2O0S. O. Iwd 1117 ; 120m IS. O. E new.. f 108 20 ;S. O. Ky. B., . ..655 . ,1290 a. O. N. Y 1.605 ? 95jVacuum Oil. ... .i486 I 18 63 30O 110 20 65 116 107 656 468 480 STOCK- High. Low, j Bid. 39001Adams Exp . . Advance Rum . do pfd lAgr Chem . . . do irfd 1900Ajax Rubber . . Alaska tiold . . Alaska Juneau 2300 Allied Chem . . 1700 Allis-Chalmers . do pfd 200 4 00 4000 100 600 ' "400 1O0 100 300 400 Am Am Am do Am do Am do Beet Sugar. Bosch . . . Caw pfd Car pfd Cot pfd Co A' Fdy! Oil Am Drug Am Hide do Am Synd . . A Lea . pfd Ice- Intl Corp. . . Linseed pfd Loco pfd Saf Razor. . . Ship A Cora . Smelter . . . . pfd Am Suuff Am Steel Fdy . . . Sugar pfd ....... Sumatra . . . T A T ... 1 obacco . . . "B" Wool pfd W 1' Zinc Am do 81 15 4 57 45 Vi 41 62 109 185 '28 55 .6 Pfd 24O0!Am 700 Am 300 do 1300 Am 100 do 20OO Am 300 Am 64001Am 100 do 200 28O0 1 2O0 1200 2tOAra 820OlAra 14(IOAm 81' 0 1 do 8300iAm f do 300 iAru-23C0Am 3400!Anaecnda iAssd Oil 2200 Atchison 100 1 do pfd 3!.0Atl Cor-st Line . 20O0!Atl G A W I. . 17S00jBaldwin Loco . . lOOt do nfd 540O!R A O IOO 1 do pfd 4300jBrn.dll Corp "A I do B" ...... I . 4500!Beth Steel "B"' . 1 Booth Fish I . 700 B R T j leoO'Kntte C A Z . . . : 11100 Butte A Sup . . . i 4400!Bnms Bros "A l6O0 do "H 1 lOO'.iddo Oi! 1 600'al Pkg I 2000 Cal Pet I i do 1 f.l 3800 Clhn Z A L . . . i 3K00;Can Pac . . . 2500(Vn Leather . 2,-P0Ccrro de Pasc 430OiChandler Mctor 1700iChi A N W , 200iChicago tit W. 800! do pfd 1 0800M'hile Cop .... HOOiOhino 1300IC M St P. . . . S300( do pfd 39O0 Coco Cola 1100 C A O 'Colo FA I. . . IOO C0I0 Southern 8400,Col Gas A Elcc SOOlColumbia Graph 8300jCon Gas .... 2100Cons Cigars. . . do pfd ! SOO r, Textile . . . i 500 I'fmt Can I 4100;Corn Prod 1 do pfd I 42200, Cosden Oil I 17000IC R I A P I 13001 do "A" pfd .... 7Ti(i do "B" pfd 610O,Crucible . . . I do pfd . . . 600Cuba Cane . 400 do pfd . . . 2600U"uhan Am Sugar1 OOOiltevisrm Chem...l 300 Del A Hudson . . . 700ilel A lck ; 2200ll.tne Mines ....j 3200Elec Stor Bat . . . i 1 SOOiEndicott Johnson. 2rtOO.Erie 7001 do 1st pfd . . . 5800'Famous Players IF i A S do pfd lOOlFUk Tire ...... Gen Cigars . .. 800 jfien Electric . . 10400, (Jen Motor . . . 8800 IGen Asphalt . . i lliddn Paint . 600:Goodrich T A F jGlen Alden . . ". SOOiGrar.by llOOIGt. Nor Ore . . 2400Gt. Nor pfd . . IGreene Cananea 2600iOulf S Steel . . 1700Houston Oil . . 12 00; Hupp Hotor . . Too HI. t 'rut ... 900;Inspiration 78 14 83' " 58 45 41 0 109 184 28' " 55 6 80 18 57 39 70 14 1 84 57 102 45 41 61 1O0 185 121 28 55 6 Vi 14 71 115 36 37 57 123 118 7 21 63 103 147 43 82 110 71 71 115 113 86 35 38 37 58 58 123 122 119 110 7 7 21 20 . 63 62 103 103 147 145 44 43 82 81 a 1110 1110 i 4- j 4J Vi 1 -S2 1124 123 1123 1162 Vi 161 jl61 jl5M H56H 1157 I 99 ! 07 99 i I . ... .,'107 I 32 I 32 I 32 I 20 ; 18. I 19 i 54 I 53 "4 I 63 1 I 1117 1IO6 .105. 1106 1 91 I 91 I 92 1120 120 120 1 3 1 30 I 31 1136 !13S 136 ;il5,'115ill4 ! 56 ! 56 56 V, i O.I 5 41 39 70 Vi I i 25 1 7 I 31 134 I 47 I 10l 83 ! i 62 I I I : ! j 147 fi461; 42 4 1 'i 2.-. : 7! 33 I 136 4S I 10 I 84 ! 63 i 4 0 63 1 93 1 6 15 V4 24 30 Vi 33 51 68 75 I 38 I 62 I 92 ' 6 1 5 23 29 33 50 67 74 49) 49 1 1 1 2 , 1 09 I 8 3 ii -js (lay v 40 I ins 117 51 48 104 93 90 14 37 . 25 51 j 1 an 133 Vi 37 49 87 16 15 99 13 iso ' " 14 86 34 31 Vi AU 94 82 ' ' 81 21 iias. 41 36 in 8 5 115 '49 48 103 92 87 14 36 25 50 1 36 183 36 49 86 16 25 97 13 i79 14 83 Si" ' 31 " 40 93 80 79 21 IV 41 65 40 V 27 76 9 25 ' 7 33 136 47 V4 JO , 84 63 'i 96 9 V; 147 4 2 30 62 M 93 6 15 24 29 33- 51 68 7 5 Vi 34 'i 49 112V. 3 141 30 7H 1C5. 86 117 117 50 47 104 92 90 95 14 36 25 51 137 133 37 40 87 16 25 99 13 59 13 80 179 14 65 14 34 5 8 31 40 93 31 81 80 21 1 1 " . 41 KMTI AO com .... ..... do pfd ...... SOO.Interboro ..... 400 w do pfd . T . . . lot Harvester . . 600 Int Mere Marine 6000 do pfd 1600 Int Nickel 190011m. Paper I do- pfd . . . . 14 700.Inviaeib.le Oil . . SOOjIaiand Oil ..... 600jJewel Tea ?00jK C Southern . 100j do pfd 800'Kavser J 1700jKelly-8pgfld ... 3700;Krnnecott . ,. : . 1200. Keystone Tire . 6600;Lck Steel . . : . SO0Lee Tire ., lOOOjLehigh Valley . . 200 iLoriilard 1200!Loew Theatres .. 200IL AN 2 500 1 Lima Loco 1100 Mar land Oil 500 Maxwell Mot "A" 600 do -B" . 100 May Stores 27500 Mex Pet 24000 Mei Seaboard ... 200 Miami 2400 Mid States Oil . . 600 Midrale Steel 700 M K A T wi 13O0 Mack Truck 200 Mont Power 1 900 Mont Ward .... 10Q0 Mo Tac 2000 do pfd 800 M St P A 3 8 M 530O Nat Enamel . . ; 400 Nat Lead 9O0 Nevada Con 2500 New Haven 2200 Norfolk A W. . . . 2600 Nor American . . . 4000 Nor. Pac Nova Scotia Steel 300 N Y Air Brake. . 3100 N Y Central 600 (Tkla Prod ref . . . SOOiOrpheum 300IOntario A W . . SOOlOtis SteeJ . . . 500i Pacific Dev . . . 4700jPac Gas A Elec . 77O0!Pacific Oil . . . . 15600iPan Amn Pet... 3100j do "B" 8800'Penna , 1200 Penna Sea Steel 500'Peo Gas 1500 Pere Marquette OOOJPhiladelphia Co . 3600lPhillips Pete 2600Pierce Arraw . . 1400 Pierce Orl . . . . 900:pitta Coal .... SOOiPitU A W Va . 3600: Pressed Steel Cari 300 Punts Allegre . . 3400!Pnllman 2400;Pure Oil 1 lOOiRay Cons 3200'Readir? 1 0O;Remington .... 300 Rep!og,e Steel . 4 OU R public IAS I do ofd 100'Rep Motors 8500, Royal Dutch Oil. 200iRy Steel . Spgs. . . 3 00,. Saxon Motors . . . IOOO; Sears Roebuck . . "OOjShattuck, Ariz . . 300 (Shell T AT... 4000!Sinclair .Sloss Sbef 4 100, Sou Pac ... 3I00;Sou Rv 70i do pfd 42O0Stand Oil ! do Ind 1600 do N J ..... I do Ky . 70)iSt LAS lOOStn.mberg 2400CiStu1ebkcr Swift A Co I . 8 8 8 37 1 1 1 4 4, 4 . 110 13 14 14 6 58 60 17 17 17 38 37 58 95 17 15 16 19f 18 18 24f 24 24 58 68 58 43 44 45 44 43 44 38 35 36 8 8 8 82 82 82 26 25 25 69 68 69 174 173 173 23 22 22 138 137 138 62 61 61 40 39 40 58 57 58 18 18 18 134 183 134 192 186 190 22 20 21 29 29 29 13 12 13 34 33 34 18 18 18 58 57 58 74 74 74 i'2 22 22 52 22 22 60 60 60 70 76 70 62 59 82 105J4 104 105 lrf 16 16 32 31 31 120 120 120 95 94 95 87 86 87 .1 87 41 41" 41 , 98 97 98' 2 2 2 23 22 23 26 26 26 I 11 11V, H 5 4 4 87 86 87 57 56 56 80 77 80 75 74 75 48 I 48 48 6 6 6 97l 96 97 39 I 36 38 44 I 44 44 5 1 I 5 t 5 1 13: 12 13 vi 7 ! 6 8 70 j 69 70 38 88 38 r 90 I 89 90 '48"47 48 1134 1132 1133 ! 32 1 31 1 31 1 5 i 1 5 I 1 3 I -o a. - I 17 I 8T I 38 o.t 69 I 69 V ,' ! MINING DISTRICT TRADE REVIVED By a. ft. Campbell Wilkesbarre. Pa.. Sept. 18. General buud- ia the anthracite arimna centers, which has been extremely dull, hi sow reviving fast and is expected to get 'brisker with each semi monthly miners pay. The majority of the miners were well fortified financially when the strike started and have not been entirely without mean j of Income, as the children of many families I have aided in support of the household by securing worn, in silk, lac and other factories.! ' Banks are confident that the savings which were withdrawn during the strike will be re placed in the sSvings accounts by the middle of December. Merchants who delayed buying for fall and Christmas trade are now iu the market. ! Cal F . . . Cam.. 3 59 119 3 90 8 40 34 94 26 03 114 H 1 17 187 3 1T7 119 3 89 8 40 33 92 3 58 119 3 89 a 39 34 48 93 I 94 25 I 28 62 I 62 112 114 116 1117 185 186 10M J107 1107 54 12j'i , .1 23O01Tenn Cnp A Cnra n.10". rexas on 170O!Texas Pac . I 5001 do C A O 3OO0TrJi Prods !60(,,Tran Contl Oil "200!Cnion Bag A P . 1900 I'rrion Oil Del . . 2900('ninn Pac 300,rnited Alloy .. . . HiOiCnited Drug .... lOOifnited Food Prods 4 00 Cnited Fruit Cnited Rds N J 900, Cnl Retail Stores, I20OIU S C I Pipe , . 160om S Ind Alcohol 81001T S Rub 6001 do 1st pfd . . 7001U S Smelt . . 1970OIC S Steel . . . 10001 do pfd 25O0Huh Cop . . . 200jVa Chem 400! do pfd 4000Vanadium Steel SOOOiVivaudou . . . . 12O0iWabah 12001 do A pfd . . . I do B pfd ... 600! Wells Fargo . . 400iWestern Pac . inoi do pfd . . . . 2ro We-tern Union 4 0Oiwtnirhs A B . . 15001Wstngh E A 200ist Md . . . 1700:White Eagle Oil .inn: White Motors . 600'White Oil 2000iwiiiy.OTerland . 30001 dr. pfd OOOiWilfon Packing . tWoolwcrth . . . .lOO Wrthnirtn Pump 200W ALE ... lo I 1 31 26 6, 14 74 i 20 K? 38 -i 7 1151 8c 34 64 55 I 97! 43 29 I 29 34 -I 33 126 1128 . . . .1109 9 10 1 47 I 30 25 64 133 74' 19' 150 1151 38 Vi 80 7 150 47 31 26 64 14 74 19 82 83 63 53 96 42 104 1103 123 1122 69 27 j 65 I SO I 1 3 I 12 I 33 I 68 27 65 48 13 12 32 Ml -I 79 ! 1S I 64 I 1115 (11 5 !HI'-' 1102 79 1 8 64 63 15 32 51 8 7 44 48 42 I 13 63 14 31 01 -8 7 44 47 I 38 U 80 7 151 14 84 34 63 54 96 42 lf04 122 68 Vi 26 64 49 13 12 33 22 79 18 64 115 101 63 14 81 51 8 7 44 47 V4 i. . . . 185 42 42 13 I 13 B A K STATEMENT OF COAST Portlano Banks 1922 1921. Clearings Mon. . . . $ 7,890,598 t 8.872,971 Balances Mon.... 2. 268, 05 1,894.706 Clearings Tues. .. 5.835.000 6.889,014 Balances Tues. .. 1.400,174 1.554,182 San Francisco Banks Clearings Tuesday $27,100,000 Seattle Banks Clearings Tuesday 3 6,361,181 Balances Tuesday 1,296,652 Oakland Barks Clearings Tuesday $ 2.597,000 Los Anjeto slacks Clearings Tuesday $17,190,857 Tacema Banks Clearings Tuesday $ 2,811.000 19 53 U. 300 110 V V T.U 1 Afl 1 555 505 485" Wlien Bonds are called As interest rates decline and companies redeem bonds to take advantage of . existing rates, or call bonds with sinking fund money, hold ers desire prompt and full information. You can re ceive this service from us without charge, no matter from whom you purchased your bonds.. . Save writing: a letter or our Investors' -service plan by giving us your Name Address Cyrus IiiQdmpAn 1002 Wilcox Bldg'PORTLANDTelBroadwy5915 Seattle Sam - Francisco V Los Angeles FOREIGXj EXCHANGE RATES Corrected dally by the foreign exchange de partment of the I'nited States. National bank. Quotations below (except the pound ster ling) are quoted on the basis of 100 units foreign currency. Opening normal rates of bank transactions irratt London Lbs. sterlings I'ans. francs. . Belgium francs Berlin, marks. Genoa, lire . . . Athens Drachmas. . Copenhagen i Kroner. ... Chris ttania Kroner. . . . ! Stockholm : Kroner . . . . Hongkong. Currency . . Japan, yen ... Shanghai, taels Canadian dollar discount Draft j Cable Par Checks Transfers. Value 4.41 $ 4.41 8 4.806 758 757 19.30 714 715 19.30 06 06A 23.81 417 - 419 19.30 230 232 19.30 2070 2075 26.70 ' 1715 1720 26.70 2640 2645 26.70 5735 5760 . 48.10 4845 7725 7755 SSpidly A statement of the condition of the Tnited Atatea Natienal bank of September 1 5, issued Monday lu response to a call from the comp troller of the currency, shows deposits amount ing to 31. 867,561. undivided profits amount, ma to $846,222. aud total resources aggregat In. 88.20S.24. A close second to the tttd States National bank in the matter of derjwits wa the First' National bank, with S31.1V9J18. Total resources of the First National amounted to $36.31 1.809 and surplus and undivided profits totaled $1 373 904. - The date of tlW .11 . ... 1 e . .... im Wll iim nun I s?r m1,Kiou of the Cnited hlVkA TVE""1. Wi,h " Lumbermen s National f it statement showed a remarkable In- create in the business of the concern during t States National cn September 15 1917 I si"nn,ni,"rvd " "wre.se. of mors than $10 200.000 or approximately 50 per cent, during the five year period Simi1! increases in the resources of tlie bsnk were indicated, the total in 1917 being $23 ooS 548 f and the increase during the five ye,r, m . -uuui.iueu it increased to ... iiKure trout .Di,w3 Jp Jy 1 llj, 1 1 and 2 per cent. Money and Exchange New York. Sept. 19. (I. N. S.) Call money on the floor of the New York stock ex change today ruled at 4 'per ceAt; high, 5 per cent; low, 4 per cent. Time money was quiet. Rates were 4 (a 4 per cent. Toe market for prime mercantile peir was quiet- Call money in London today was 1 per cent. Sterling exchange was quiet, with business in bankers' bills at $4.42 for demand. rnreifrn Exchange Market New York. Sept. 18. "(TJ. P.) Foreign exchange opened firm. Sterling, $4.41, up c; francst .0758, up 8 ; lire. .0417, up 1; marks, .0006. Foreign exchange closed steady: Sterling, $4.42: francs. .0760; lire. .0419; marks. .0006. PLAVH TO Britl) SEVT HOOD .- i HITKIt CREAMERY HIRJIULATE) Hood River, Sept. 19 Plans to build a .' new Flood River creamery on strictly cooper- .', tive lines were formulated here on Saturday st . a meeting of dairymen and ranchers. It is planned to erect an attractive building on s tract of land recently purchased by the com pany directors and to install s big butter making f and ice cream lant. Ihiring tlie past two years the creamery has -sdded so largely to its business that an en- ' larged plant has become necessary. The cream, ery handles most of the' cream produced in tins h section vt the mid-Columbia and receives cream ' from point as far away as Idaho. - . . , i Pacific Gas Iflvldend w . The Pacific Gas A Electric company todav declared the regular quarterly dividend of $1.25 on the common, payable October 16 to stockholders of record September 80. i Overbeck & Cooke Co.1 BROKERS Members Chicago Boars! af TTsda, . Beard of Trade Bldg., - Portland. Pendlston, Ore Walla Walla, Wash. STOCKS, BONDS, GRAIN AND COTTON DIRECT PRIVATE WIRES Logan & Bryan XBVY . TORK ASD CHICAGO New Issue , SINCLAIR PIPE LINE COMPANY 5 Sinking Fund Gold Bonds "y Due October 1, 1942 '"pHE company at the present time owns and a operates 3737 miles of pipe Iines,for trans portinjr oil through its systems between principal oil fields throughout Northern and Central Texts, Oklahoma and. Kansas, connecting with various refineries of the Sinclair Refining; Co. and Stand ard Oil Co. Proceeds from the- sale of these Bonds will -be used to complete an extensive system reaching from the Gulf of New Mexico to the Great Lakes. The Standard Oil Co. of Indiana has contracted to purchase one-half interest in the company for over $16,000,000 in cash. The average net income during trie past 3 years available for interest charges, after deducting de , " rjreciation and federal taxes, was' over 4 times " annual interest charges on, these Bonds. The bonds are redeemable as a whole or In part at any time at the option of the company at 103 and accrued interest on 60 days' prior notice. Price 95 and Accrued Interest To Yield Over 5.40 G'E-MIILER & COMPANY Portland Seattle ; OvfoisjeH1 Seconjl Floor. 2f. "W. Bank BM. Portland Los Aag-eles San Francisco Phone Main SOUTH NEW OFFERING $835,000 - VANCOUVER BRITISH COLOfBIA V 5 GENERAL OBLIGATION BONDS Principal and Interest Payable ln V. 8. Gold Dated February, 1922 PRICE $470,00Q Due Feb., 1935 TO $365,000 Due Feb., 1945 YIELD 1 B.BW6 13, CXITED STATES MUNICIPAL B0XDS Arco, Idaho, Electric Ligbt. ......... .. 6 1939 100.00 6.00 t Astoria, Oreg-on C 1930-39 101.5 6.75 (Boieman, Montana, Imp 6 1926-42 100.00 6.0a t'Capitol Highway Water District. ..... . 6 1934-41 to yield 5.50 - Multnomah county. tCasper, Wyoming, Imp 6 1925-31 100.00 6.00 f Coulee City, Wash-. Imp. 7 1923-30 to yield 6.60 f Kennewick, Wash., Imp 8 1923-29 to yield 6.50 tKlngr Countj. Wash., Commercial ? Waterway Dist- 1. . 7 1924 101.55 .25 tMllls City, Wycfmlngr, Water 6, 1937-52 100.00 , 6.00 TMorten, Washington, Imp.; 8 1922-84 to yield 6.75 I Fort Angeles, Wash., Imp....... 7 1930-33 to yield 6.25 tPoat FalU, Idaho, Water., 6 1932-42 100.00 6.00 fRoundup, Montana. Imp..!, 6 1925-36 100.00 6.00 tShelby, Montana, Imp.......... 6 1924-29 to yield 6.60 Guars n Lee,d "by Revolving Fund. Soda Springs. Idaho, L. I. D 7 1929 to yield 6.25 t Vancouver. . Waah., Ia. L D... 1927-33 100.00 6.00 tWenatchee. Wash., Imp , ,. 64 1928-84 101.24 6.25 tWheeler. Oregon 6 1941-42 100.00 5.50 ' CA3TAPIA3T MTiriCIPAI. BOSBS - Banatyne, Prov. of Man., School .. 6 1925-14 viOO.OO 6.00 tHanna, Alberta 7 1936-42 to yield 6.60 .Kamsack, Saskatchewan 6 1923-83 : 100.00 6.50 Saskatoon. S.-D... 1950 100.00 6.00 tWalnwright, Alberta .- 1 ' 1934 to yield 6.0 r v : - . ,.;..;-v .' , 11006'-'' t500 I$2W WOO ;, f Fractional TELEGRAPH OR TELEPHOSE ORDERS AT OJJR EXPENSE MORRIS BROTHERS COfcPO&fflON Government and Municipal Bonds, MORRIS BUILDING UfYTtt QTin I ITOC3rTI 30HI STAF BROADWAY 2151 -tUl UdlLU.VJlligUll SAFE OEPOSfT STARK ST BOXES 70,Pr W iUi-KGacvfi 74 72 i 74