mi
-1
THE OREGON DAILY JOURNAL,, PORTLAND, ,0HEG0N.'
MONDAY OCTOBER 9, 1922.
HARALD OKI 62
DAYS BOUND FOR
COLOMBIA
The German bark Harald is out 62
days from Chltigwantao) for Columbia
I rtrer and tn I the days of the old-time
.clipper ships 'she would be announced
i on the board at the Merchants Kx
; change as overdue. Shells under char.
! ter, to the Northern Grain- Warehouse
company to take grain to Europe, and
t sailed from the Oriental port Au--
rust 7.
t The Harald will be the first sailing
traxt to come under charter, for what
'for two years. The last to take cargo
at Portland was the Krench bark i
IS ft.
Tld at AatorIa.Taday
High, Water; lvw Water.
i :77 a. m. . ft. 1 1 :00 a. m. x.
2 :5 p. m. S.S tC 10 :0 p. ta, O.SfU
Seaside High water nine minutes
earlier.- v t f .-;..- j v v-
Seaside Low -mater "til minutes
earlier. ' : . - ;
sotith to Buenos Aires. ,
The steam schooner T3aiST i arrived
Monday morning and will load lum
ber for San Francisco.
The steamship J?aisy Mathews is
taking lumber at Astoria for San
Pedro. f
PROPOSE.' REGTJLAB XI3TE
Philadelphia, 'Oct, 9. In view of the
large quantity; of; freight which has
been passing through the Chesapeake
& Delaware canal It Is proposed today
to establish a regular line of ships be
tw een Philadelphia and Norfolk by the
outside route to care for the business
when ice makes' transportation through
the canal impossible.
positions; OF VESSELS
BuffOn which In the days of sailing t positions of the loUoffeins, ioxU at 8 p. m..
vessels in the grain business was an
old trader to Portland.
When shipmasters looked after time
and a charter was a gamble for ex
, poster and owner, they cracked on all
Bail and did some sailing. The old
British ship Selkirkshire sailed across
.in 21 days and a year or so later the
-little 900-ton bark Kinfauns came up
from Hilo in 11 days. The Harald is
trying out for another hard luck pas
sage .across the Pacific.
i MOTOBSHRIP HERE TO TAKE
WHEAT TO- CHRISTIAJTIA
Operating as a berth liner in the
serv'ice if the Norway-Pacific Steam
ship Cot. the Norwegian motorship
.George "Washisjgton arrived , in port
Sunday. She berthed at Terminal No.
4 and will load wheat in bulk for Chris
tiania. Thfs will be the . third voyage
of the George Washington in the European-Pacific,
service.- The Borglund, a
sister ship to the George Washington,
is now at San Francisco, north bound,
and will take nearly a full cargo of
parcels of grain.
Berth lice steamships will help ma
terially to bring the October exports
well up to normal. The holdover ton
nage for full cargoes from last month
will be cleared away during the pres
ent week and the en route list on the
' board at the Merchants' Exchange is
short.- Rates are low and sales are
poor in Europe. The bottom has fallen
tit of the ocean' rates for parcels fronj
2sew York to the United Kingdom
France, Germany and Holland.
Sail tonnage for the lumber trade to
Australia is slow; but sure. J. J. Moore
k taking the le'ad. in the fixing of
windjammers and has practically
cleaned up everything on the river and
the Sound that is of a suitable size. '
BELIEVE 8TRADED TAX KER
WILL PROVE TOTAL LOSS
Sah Francisco, Oct. ?. (U. P.)
Shipping men today expressed the be
lief that the Union Oil tanker Lyman
Stewart was ' destined to remain a
.total loss on the rocks near Lands
End, at the entrance of Sa,n Francisco
harbor.
The vessel, which ran onto the rocks
Saturday after a collision in the
Golden Gate with the steamer Wralter
'Xuckenbach, today seemed fast on the
rocks.
An effort to move her may be made
this afternoon, but little confidence of
jsuccess was expressed.
Oil from the vessel's tanks has been
drawn and- air will be pumped intc
the ship in an effort to lighten her.
Tugs, the wrecking steamer Homer
and the coast guard crew yesterday
placed heavy cables aboard the ship
and ahe was boarded for Inspection by
the underwriters.
The vessel lies close to shore, but
-exposed to the battering of the seas,
which have pounded her farther and
farther -up onto the rocks, until the
task of. moving her today appeared
almost hopeless.
- Thousands of persons yesterday
went to Lands End, the Cliff House
and the surrounding heights to see
he wreck and watch progress of
salvage operations. .
! OCEAX RATES ELASTIC
New York. Oct. 9. (L X. S.) Ocean
freight rates en grain tonnage are still
elastic. There is slight stiffening for
Holland- Board quotations are. United
Kingdom. Is 6d2s' 6d : Germany.
Hamburg. Sc : France, Atlantic 15c ;
Mediterranean 1721c; HoUand, Rot
terdam and Amsterdam, 8c. General
targo steady.
EXPORTS EXCEED IMPORTS
, San Francisco, Oct. 9. In ;'the last
jpianth exports from -here, for the first
time in several years, exceeded Imports.
Total arriving tonnage was 989,660
whereas the export tonnage was 1,027.
812. .
-ALL ALOIfG THE WATERKROXT
TheJ steamship Rose City of the
San Francisco & Portland Steamship
company arrived Monday morning
from San . Francisco with passengers
and freight. ,
Joe Patterson, sailor, soldier, news
paper man and globe trotter, has eom
.pieted his summer outing at Newport.
Patterson is en route to Cuba to rnnw
acquaintance. iHe probably will go on Diego. Sailed uut-mrr Steel
Oct. 8
Y, T. Hrrin, Pnrt Coeja- for Portland. 285
miles from Port Costa. J
. Great City. Portland for Colon." ".3 2 mile
northwest of Saa Francisco. V ,
Willamette, Sail FraJx-.iK-o for Portland. 820
mile njrtb of San Francisco.
Johanna Smith. Cqsa Bar for San Francisco,
5S miles south of Qaat Bay.
Toseniite, Port Ladtow for Saa Francisco,
105 miles north ot San Francisco.
Babinda, San Dt ftfr Sad Francisco. 142
miles outh of Ssnllrrs-nciseo. !
K. H. Meyer. SaiSyedro tat San Francisco,
147 miles south or B Francisco.
San D.eeo. Tacbisa? for San Pedro. 100
miles north of San : t"Tncisco-
Frank It Buck, A Tim for San Pedro. 105
miles from A Ton.
Oleum, Portland fos, San Pedro, 645 miles
from San Pedro.
Frank G. Drum, Portland for Saa Fran
cisco, 100 miles north of San Francisco.
Geortina Rolph. San iFraneisco for San
Pedro, 130 miles fromi-Saii Pedro.
Ibrea; San Pedro for Oleum, 86 miles from
Oleum. -"
La Purisima. Port San Lais for Portland,
785 miles front i Portland.
Los Angeles, Stn Pedro tor Martinez, 297
miles from Msrtmex,
President Pierce, San Francisco for Yoko
hama. 837 miles east of Honolulu. ,
Santa Maria, Teeopillo for Port San Luis,
478 'miles south of Port San Luis.
Bohemian Club, Manila for San Francisco,
1523 miles wet of San Francisco.
Yorba Linda (noon), San Pedro Tor Toku
jama. 1780 miles from San Pedro.
(By Kaval Radio)
Snohomish. Port Anseles for Unalga, Ju
neau. Victoria, Seattle for Nome, 054 miles from
Seattle.
Motorship Boobyalla. Portland for San Fran
cisco. 404 miles from San Francisco.
Karachi Maru. Seattle for Norfolk, 50 miles
from North Head.
Paraiso, Grays Harbor for San Francisco,
53 miles from Grays Harbor.
Hartwood, Grays Harbor far San Francisco,
48 miles from Grays Harbor.
Olaremcmt. Raymond ; for Saa Pedro, 43
miles from Raymond.
Siskiyou, Bellineham .' for San Pedro, 258
miles from Bellina-ham.
Wapama. Everett for San Francisco. 152
miles from Columbia river.
Georgian, San Francisco for Seattle, 260
miles from Cap Flattery at noon.
Liebes, Seattle for San Pedro, 152 miles
from Seattle.
Dorothy Alexander, Sfattie for San Fran
cisco, 218 miles from Seattle. - i '
Fred Baxter. San Pedro for Earfe Harbor,
100 miles from Eagle Harbor.
Motorship Charlie Watson, Bichmond for
Point Wells, 317 miles from Point Weils at
noon. :
Ozian; San Francisco for Seattle, 76 miles
from Cape Flattery.
Eldridee, Seattle for Yokohama, 1250 miles
from Seattle.
Mazatlan. from Cat, at Kamchatka.
, -4 ,
INDUSTRIAL ACTIVITY SHOWS LIBERAL GAINS WITH ..WAGES TENDING UPWARD
BASIC INDUSTRY
SKM1N
News of the Port
Arrivals Oct., 8th.
W. S. Porter, American steamer, from San
Pedro. Oil.
Senator, American steamer, from San Pieeo
and way ports, pajwneers and general.
31 A BIS E AtMASAC
Weather at Rlver'a Mouth.
North Head, Oct 9. Condition at the
mouth of the rirer at notm. sea Bmooth, wind
north; 10 miles, weather, party cloudy.
DAILY RIVER READINGS
8:00 a. m., Pacifte Time.
BiTar Temp.
Station. 3 6. 2. ;S 3. ff" a
a s W"
; b ; ;
fmatilla . . 25 ST! 0 0.00 77 4t
Albany 20 1.0 0 0.00t 69 47
Salem 20 -1 . H'-O . 30 . 00; 78 51
Oregon Cit1 12 4 . 512 . 50 . 00 ...... .
Portland., j 15 2 . 4j-0 , 80 . 00' 78 55
( ) Rising. () Falling.
RIVER FORECAST
The Willamette rirer . at Portland will re
main nearly stationary during the next three
day except u affected by the tide.
AT WORLTO PORTS
Astoria. Oct 8 Sailed at 3- a- m. motorH
ship Boobyalla, for Saa Francisco and Sah
Pedro. Sailed at 4:30 a. m Japanese steam
er Horaisan Mara, foT Orient ria Puget Soual.
Sailed - at 10 a. m. steamer Admiral Good
rich, for San Francisco via '-oos Bay and
Kureka. Sailed at noon Schooner Dauntleda.
for Honolulu. Arived at 7 and left up at 8- a.
m. steamer Eagle, -from New York and way
ports. Arrived at 10:35 a. m. and left np at
1 p. m steamer Rose City, from San Fran
cisco. An red at 1 and left up at 2 :80 p, m.
steamer W. S. Porter, from San Pedro. Ar.
riTed at 4:30 and left up at 8:30 p. mT
steamer Senator, from San liego . and way
1 ports. Left up at 5 p. m. Japaneae, steamer
.Nankoh Maru. for Weattwrt. Am red at 10,
p. m. steamer Daisy, from San Francisco.
San Pedro, Oct, 8. Arrired steamer Trini
dad, from' Columbia Rirer. Arrived steamer
Admiral Famgut. from Portland, for San
t orker, from
y . O. Reyl
(Copyright, 1922. by Tba Journal)
New York, Oct. 8. Expanding production
schedules today are being balanced efit the
poasihle necessity of further wag increases
in the deliberations of industrial executives In
very sectioo of the country.
Report from authentic sources show plain
ly that then is a countrywide impetus toward
expansion in nearly rrery basic Industry. With
few exceptions, mines, mills and factories are
short of workers to -maintain present output.
The poasiijuity of further advances in some
of the larger industrial plants is. fully organ-:
ised. bat the producers in most instances have
determined to make some final effort looking
toward relief from labor shortage from the
committee on immigration of congress before
taking definite action to fill the gaps in their
payrolls fcy competitive bidding.
Unwilling, to Check Expansion
Many manufacturers declared today that
wage advances would not solve the problem,
as the general shortage would still exist, ao
matter if some industries filled their immedi
ate needs at the expense: of others. Manu
facturers are most unwilling to check expan
sion of production, and -are exceedingly anx
ious to maintain full working forces, for they
realize that the man who has no job is no
buyer, and, that demand must expand as well
aa production to insure real prosperity.
The shortage of labor exists in the ranks
of unskilled as well as the skilled workers, and
applies to women as well as men. Untrained
and unskilled labor at SO cents an hour is in
demand in practically every section. Women
who "go oat- by the day" to clean, sweep,
scrub and wash readily command 50 cents an
hour in Eastern cities. They are in con
tinual demand and in scant supply. In this
city Finnish women recently landed from the
main source of supply for such work, and many
of these cannot speak. English.
Manufacturers stated emphatically today
that removal of some of the immigration re
strictions offered -the only satisfactory solution.
Output Must Be Increased
Inquiries to manufacturers in widely sep
arated sections indicated their plans for the
next three months provide for increases in out
put and working forces of from 6 ta 20 per
cent above present schedules. Automobile pro
duction will be maintained fairly close to the
present pace until after January 1. The steel
mills - of Pennsylvania Illinois, Ohio, Indiana
and Wisconsin count upon shoving production
from 5 to 15 per cent nearer capacity. The
textile plants of New England and the South
are prepared to increase activities as high as
40 per cent in some instances, although- the
general plans contemplate additions far smaller
than that figure. x
- Metal Mines rased Labor
The metal miners would put 15 to 20 per
cent larger crews at work if tliey could get
them. The paper industry has 100 per cent
capacity set as its goal this winter, and this
applies also to the makers of machinery, rail
road equipment and eleetrical supplies. Shoe
factories and hat factories are booked up for a
period, that warrants, decided expansion. There
are a few industries which will curtail, and in
which there is no labor shortage. Several
thousand cloakmskers are out of work in this
ty. :
Idle Freight Cars Qooe
The idle freight car has become non-existent.
. At present the. fuel situation is causing
little concern, but the. test of transportation fa
cilities will come with the first snows.
The producers of building materials are anx
ious to advance prices, however much they de
sire to put production ahead. 'They foresee
the greatest year guilding construction has ever
known in X923. They have the orders on
their books, and many of them have a fair
quantity of the goods in their yards. Projects
now are ready for -these materials, but if their
shipment is unduly delayed producers' feel that
a jam will result after thai turn of the building
year, w.hichmay tend to shoot prices to unfore
seen levels and check construction diMstrously.
OIL "
Kansas City. Oct. 9. The White Eagle Ojl
company of Kansas City is building a terminal
at New Orleans to handle the export trade.
Money and ExcTiangp
XewTork. Oct. Bt. (L N. S.) Call money
pn the floor of the New York Stock Exchange
today ruled at 4 M per cent; high. 8 per cent;
low, 4 H per cent. Time money was steady.
Rates were- 4 V4 to 5 per cent.
The market for prime mercantile paper was
steady.
- Call -Sioney in London today was 1 H per
cent. Sterling exchange was steady, with bufi
reess "in bankers' bills at 441 i for demand.
Portland, for New Tork- and way .-porta.
San Francisco. Oct- 7. Sailed at 3 1 "a. m
steamer Willamette, for Portland. SaileJ at 3
p. ro. steamer F. S. .Loop, for Columbia river.
"Tatooih, Oct- 8. Passed in Japanese steam
er Horahan Maru, from Portland, for Seattle. '
San Francisco. Oct. 9. Arrived at 5 a. m.
steamer Daisy Gadsby. from Ban Pedro. Ar
rived at 7 a. m. steamer Alaskan, from Port
land, for Liverpool and Hamburg. A rived at
R-a. m. steamer Frenk G. Drum, from Port
land. Antwerp. Oct 4. Sailed Dutch steamer
Moerdyk. for Portland and way ports.
New Tork. Oct. 7. Sailed steamer Will
polo, for Portland and way ports. Saited Iws
Lockenhach for Portland; Andrea Luckenbach
for Portland.
Cristobal. Oct. 6. Arrived Britah steamer
Bermuda, from Norfolk, for Portland. Sailed
steamer J aha Luqkenbach, from Portland,
for Boston
Aberdeen. Oct. 8. Arrived AvaTon from
San Pedro; Carlo from San Pedro; Catherine
G. Sudden from 8an Francisco. 8 a. m. Sailed
Florence E. Olson for San Pedro; Paraiso for
San Fran?isco; Hartwood for San Francisco;
Lolando for San Pedro; Grays Harbor for
San Pedro.
Raymond, Oct. 8. Hannify from San
Pedro, B a- m. , ,
Sailed today: Anstina, Yokohama, 7:20 a.
m. ; tug Traveler, whaling cruise, 8 a. m. ;
H. M. Storey, Loa Angeles, 8:45 a.m.; H, T.
Harper, Los Angeles, a.m.; Stanley Dollar,
New Tork. 9:10 a. m. '
Here Is the $252,572.00
Security for This Issue
$60,000
- First Mortgage Vz Serial Gold Notes
THE CANADA SHINGLE CO., LTD.
Vancouver, B:C.
Six acres of extremely valuable city waterfront,
unincumbered and TAX FREE 4.'. ...... $150,000
., Eleven-Machine Shingle Mill, injured at $92,000
for bondholders, and appraised at' 102,572
Giving over four times security for loan, or $252,572
THE "major portion of the proceeds, of
this issue goes back immediately into
betterments which will five the plant an
estimated yearly production of 140,000,000
VERTICAL Grain cedar shingles, instead
of the present output of 49,000,000.
With quantity production the estimated
net profits from earnings after all fixed
charges, will average between $25,000 and
S3 0,000 per annum, during the life of this
loa, as against- $4500 maximum interest
requirements.
The; company has been profitably operated
for 121 years, and because of the special
ized: quality of its shingles consistently
maintains orders booked : far ' ahead of -manufacture.
For 6-year period, 1916-20,
average annual net profits 'were $3,396.00.
AH security is pledged to 'this bank, as
trustee, during life of loan. ,- i
Bonds Due Serially Oct ;
Dens. 100 $500 $1000 Wl' M
price to Yield q 72 vO
LUMBEEiy
NEW YORK BOND TRANSACTIONS
Reported The Jeanaafa Wall Street Bnreav
Br Qaana T. etuphet
Tork. Oct. . Three feature stood
out iathe bond market today. " Tint, ot
courae. vaa the new Liberty loan. 'Thai terms
offered by the tieaaary ieere reserded las ex
tremely attractive, perfaapa mora o tfaaa ex
pected. A. 4 pee cent faeme. nom-eallable
for 2$ yean, tt waa predicted, woold prove in
demand aiaonc all elaaeee of isveatora. The
ttecea of the offering waa deemed assured.
Belattvely the new bond eemed likely to be
mora popular than the elder israas of abort r
On the curb - a premium waa bid of aa
much aa a half point above par for the new
bonds on a hen-issned baaia. Trading in the
old iaauea Traa not particularly large and
prteea ranced around par for all the 4
per cent bond. Naturally the older loans
mtut conform to the prices at which the new
bonds an offered, ansnmint that the latter
are well taken.
' The second point of interest was the defi
nite weakness in the high crede rails and in
dustrials. It waa evident at dbcc that if the
covamment coold market a lens term issue,
partially tax exempt, . on a . .25 per cent
basis, there wss no excuse -for am entirely
taxable security, the obligation of a private
corporation, selling at 4 44 per cent, TheJ
nsTilt waa t hn f hnrub fcurh a Athiaon een
erai 4s were in supply. A sate of this bond
waa made at SO against a hish for the year
of 95 . The aame weakness waa observed in
securities of a slightly lower grade as, for
instance, American Smelting Jt Hefininc &s.
which sold at 94. All this undoubtedly is
merely . readjustment to correspond with the
yield on the new government bonds. At the
same time there was continued pressure from
offering of financial institutions which could
eitherfind a larger yield n real estate mort
gages or have use for funds, for legitimate
business demand In no casel'was the lower
quotation any reflection on the standing of
the debtor corporation. -
Sale. IN SIOOO
181 do eoL tr Am
102 iGn. Us, aV EJcf
ItCoio. F. L 5e
S.Cola. lad, fit..
OjCoL O. A E. 6s
ei do fts eta
eiCrown C Js S. s
27. Com. P.s. .
19Cuba C.- 8. ert.dJs
i vom u a. it irm
liCuban Aimer. 8 InllOTU iaT U ilo?U
4 Cumber T. T.SsI 84 94 194
5 IX i! Si. Si
10Det. Ed. rfg. 4U
2IIW V.M rim K ;
8iDet Bir Tun 4 H.l
21 Dun L P 6s.
111 An 7U.
80iK P it Uct7 Hs etJ
1 risk Rub 8s. . .
4;Fr HU db7 4s
Frsn Sug 7Hs.,.
X v Ay. M.
26IGoodrtch 1st 6 Ms
SZiUdyMST A R 8a 41
28
SO
' New Tork, Oct. 0. Following is an official
list of alf bonds traded in on the New Yprk
Stock Exchange today with priees and sales
up to and including the close of the market.
Total sales today were $15. 461, Out), against
$10,200,000 batorday, t,357.VOO a week
ago, $15,080,000 a year ago, and $14,080.
000 two years ago.
From January 1 to date S3, 697.755.000
against 2, 439, 341, 000 a year ago, and
(2,908,411.000 two years ago.
L1BEKTY BONDS
(In $1000
Sales.
IS 6, Liberty 3 H .. . .
11 do SHs reg
do 1st 4 s
do 2d 4s
do 2d 4s reg . . .
do 1st . 4 '4 . . .
do 1 st 4 s reg.
do 2d 4 s
do 2d Ci C. .
do 2d 4 14 sreg . .
do 3d 4 14 s
do 3d 4 14 s reg. .
do 4th 4 14 s
do 4th 4 14 s reg.
1 Victory 4is '23.
do 4 ts reg '23.
do 44,1 '28. . . .
do 4 reg '22.
FOREIGN
11 Argentine 5s
14 (Argentine 7s . ; . .
11 Belgium 7 tts . .
7Be!gium 8s . . . .
8 i Belgium 6s ....
2 Chinese Kwy 5s.
1 C of Bergen 8s. .
9 0 of Bordeaux 6s
131G of Cop'gn 81s
1IC of Chris' na 8s
5 O of Lyons 6a. . .
10 C of Mar'sl 6s.
6;C of Montr do 3ei
HC of Pt Alegro 8
6 O of Prague 7 lis
15 J of R de J. 8s
6
26
1
47
S
3227
6
401
11
1556
4
217
2
457
36
High. Low. 1 Close.
10068!10056,10060
lOO441004410O44
10000 1000010000
10002 9990)10002
9950 9950 9950
10010 9994jl0O0Q
9980 99S0 9980
100084 999610000
9996 9996 9998
9996 9!96 9996
10008 9996110000
9990 9986 yyo
10008 998810t)04
9992 9992 9992
10056(10036 10036
10026 1001410014
10036:10014)10026
10026jl001210012
BONDS
86
102
103
103 T
99
S3
109
814
92
109
82 14
81
92 s
101
8214
99 Ts
100
79 14
101 4
11314
86
10H4
103
103 14
99 14
624
109
80
92
86
101 T4
103
103 H
99 14
52
109
80
9
109S I109 S
82
81
92 H
101
82
99 14
99 4
79 V.
101 H
113
80IO of R de J 8s ctf!
12 C of Soissons 6s
2IO of Sao Paulo 8s
2;0 of Zurich 8s
17'Dept of Seine is
t temp csrtfs. . i 88
1 .'Danish 8s B . . . 108 4
t IDominican 5 V s . I 90 H
15!lcm of Can 5 14
I notes 102
2 Dom of C 5s. 26i 99 14
5iDom of C 5s. 52 9914
45Dutch E I rets
1 s. 47 v95
109Dutch E I rcta
I 6s. '62 9514
lS7'French 8s 101
68;French 7"4s 9714
32 Japan st In 4s . . 8114
1 1 Denmark 8s ... 1144
24 do ctfs 6s ... 9914
60 Netherlands rets 6s 95
20 Norway 8s . . 112H
BS (Bolivia 8s ..... 97
10 Cliile 8s '26 ... 10214
41 do 8s '41 104H
16 do 8s ctfs .... 104 V4
9tCseehoslOTak 8s c 95
13 'Queensland 7s .. 109
9 do Ss ctfs .... 103
10 Swiss 8s 121 14
7Rio Gr d'Sul 81014
6jSso Paulo 8s . . 101 S
"21KGB4I 5HS-29 108 14
16,91 do 544s '87 . . 103 V4
45jBrazil 8s 11214
t0 do 714 s rets . . 87
3 7 Mexico 5s 53
401 do large 5s .. 5114
22 lo 4j 3li
NEW TORK CrtT BONDS
tf.-M i City 4H . .1101 flOl
87 f
108
90
101
99 14
99
0514
95
100
96
804
114
98
95
112
96
101
13
$04
;94
109
t02
E21
E01
11
107
103
101
86
ei
51 14
39
82
81
92
101
82
99 14
99
79
101 14
113H
88 '
108
90
102
99
99
9314
95
101
97
80
114
98
95
112
97
102
104
104
94
109
102
121
101
101
105
103
102
86
53
01
39
MISCELLANEOrS AND
BOND
1101
INDUSTRIAL
2 1 Ad Eip cl tr 4s
12;Am Agr Chm 7 s
ll Am Smelt 1st 5s
51 Am Sug & Ref 6?
32 Am TAT. col tr 5s
5 do cvt 4 s . . . .
1 do cvt 4s ..... .
32 do col 4s
km V I- a.
3jA Jurgen In Mlt
cvt 6s
7Annour r e 4s.
14BU Tel of Pa 7s
lIBarnsdan SsAB . .
6 Beth StMl rf 5s. .
IS! do p a 5s . s.. . .
Ill do 6s ; , .
3 Rkln Ed 6sB . . . .
ljB. Edison 7s D.
3IBrk. Union Gas 5s!
6!CenL Leath. g. 5s
8Chile Cop. cvt. 7s, 110
99
104
94
103
99
103
89
92
65
.79
91
108
105
98
94
100
104
108
99
98
I 99 I 99
104 l04
94: 94
102 103
99 99
103 103
89 89 Vi
92 02
85 85 '
79 79
91 91
108 108
105 105
98 98
94 94
100 100
104- 104 .
108 108 '
98 98
98 98
MO 110
100
104
100
st u.
I D Match db 73l0
108
104
107
93
106
93
103
106
102
116
100
9
89
93 K.
lo
105
107
94
116
99
118
115
104
113
10
90
da 8a '31
Granby aUning 'fii
19!lnt Psner S. R
llllnt Mer MarSFJ
asunvindble Oil 8a.
2U Kayser 7s . .,.
4jKeDy 8 PC. T.8s...
ii lui Bteel Sa
3! Lire. A Afvera 7.
Xa do 0s
SiLorillard Tt'.. . . .
5 Migno Cop. 7s.
8XIar. OH 8s. . .
3 do 7 ctfs.. .
2Mex. Pete 8s. .
20 Mid Rtrrl s.
10M. Pow. Co. lstlaj 89
- au. -1-noe os. ...101
47,N. E. ,T.AT.lt5sA 99
IU. X. T. g. 4si 97
ii do ref. 6s. .11 OAK
High. T Low. Clese.
89
96
8
t
80
98
sa
86
00
190
90 14
10
108
14
107
106
S3 14
102
1.105
103
99
89
93 V
106 !
105
i-'Xiaga Falls Pow. $s
29 N Am Ed -6s rotsl
15
4
16
10
4
5
8
16
5
. 2
2
3
7
14
188
83
7
10
5
21
'
9
21
10
W Rll T.I V.
Wt steel 8s
do 7 14 rot.
Pac G A E
i'ac TAT" 5s rets
Packard Mot fi
114Pieree Oil 8s I
Pub Ser N J 8.
PAS cvt deb 7s
Prod A Ref 8s J
do fis war
Reo I A H K."
R Brown Iron ti
ssks A Co Ts
Sin Cr Oil 5 1m
do cvt 7 s
do 7m Ht.
Sharon St H ft.?
So Bell TAT Km
Stand G A E e 6
stand o cl 3h!7
St A Tube Am,7
Tidew OU 6s
lol Ed 1st 7
Tol Lt A P R.
SlL'n B A P Oa-ctfs
I4:cn Drug 88s .
51! Rl A In. .1.
21Un SS Crp6scfs
U a Hub 7s..
48! do fis
39 U S SRAMin n.
34 U S Steel s t 5s
-t Utah Pwr A Lt 5s
14 Xa Ca Ch 7srciA
4 do 7 s
1 1 do cvt 7 U . i
27 do cvt 7sAwm'r
0 vi I C A C-5s
8Wsr Sug Ref 7s
1 'West Elec 5s .
61 W V 6s ..
15lWest Ec 7s. .
7 i Wick S St 7s.
6 .Wilson 1st 8s.
6 do cvw 6s" . .
3 do 714$
RAILROAD BONDS
2!Alban4Sus
-2IATASF C A 4 s
J -I do ten 4s
8 do cvt 4s
10 do Tr S L 4s
100
96
107
100
05
94
3
107
101
99
88
108 14
105
118
94
.t 14.
102
99
1 10 U
102
101
ft?
101 14
106
103 -
103
107
100
100
111
97
94 V
108
89 s
102
103
92
98 14
105
91
97
94
103
100
1 12
108
99 14
102
98
81
80
e
85
1
80
89
100
104 h04
1174
9UOO
8
91
80
6
91
86
0
100
1109
1 V4
rio
108
1104
U07
95
106
93 14
'108
105
102
99
89
914
106
165
107 107
3 i 93
11616
99 99
118 U18 '
116 115,
104 104
118 lllS
106 1106
90 1 90
99 11 99 U
100 ,101
99 l 99
96 ad st
106 '106
100
OS at
197
100
95
9S
93
100
96
107
100
95
S3 14
93
1ATU 41 AT IX
101f101
88 14 I SS U
108 UOft V.
105 105
113 118
4 f 94
95 U
102
98 T4
1 lO
101
101
97 U
101 14
105
101
103
107
9914
100
111
97
93 m
107
89 U
1 ft-?
1034
92
98 V
105
91
97
94 14
102
100
111
107
99
101
98
95
102
;ior
101
97
101
106
101
10S
107
L00
riio
in
97
94 V
1108
89 14
102
fl02
92
98 W
105
91
97
94 14
102 U
:100
111
108
99 It
102
98
108106il06
17
12
61
4
12
2
47
10
69
4sl
A C I. 7s
AU Tadkln
B A O 6s
do ref 5s. . . .
do cvt 4 s . . .
do gold 4s ...
do tr m 3 14 s
do 3 14 a Ricn rri
Bklyn Rp Tr 7k
aa 1m tr M fttm
do 7s tr co ctfs st
llRkln Cn El 1st 5s
7
32
33
Can Nor 7s ...
do deb 6 14 s. .
Csn Pac 4s pert
7!Cent Ga Ry fis. .
lOICent Pac s f 3 s
l do 1st ref 4s . . .
42C A O cvt 5s
12 do gen 4"s. .
3 do cvt 4 s. .. .
RjChi A Alt rfg 3s.
10j do 3s
9 C B Q gen 4s... .
161 do ref 5s. . . .
C B Q ex 4s Neb
I ai v
31IC A E 1 5s.
lSiChi G West 4b.
71 C M A St Pevt
4 14s . . .
75 IC M A St P'rfg
4s A..
16IC M A St P evt
5s B . . . .
H O M A St P
3 C M p S 1st s
, 6 C N IV 7s .
130 N W 6s...
5!C N W gen 6s. .
4IChi Rys Co 5si .
82jC R T rfg 4s..
6 Chi Va SU. 6s. . .
1 rin CiM. -
8 1 Chi AAV Ind 7s
4 1 do eon 4s- . . . .
15CCCAStL in Mi
5 do -6s A : .
12!Clv Tn Trm 5 s
S;Del A Uua S l.
12D A R G imp 5a.
5m do ref 5s
17 j do con 4s .....
7!Det Ln Rys .4
15, Erie g. lien 4si .
11 do prior lien 4s
i 84 84 84
92 92 92
91 90 90
S5 3 83
88 88 88
108 108 108
80 80 80
102 101 101
90 90 90
85 84 84
84 84 84
95 94 5
93 93 93
93 94 ' 95 .
94 94' c94
91 90 90
88 88 88
113 112 112
118 113 113
82 82 82
91 91 , 91
90 89 1 , 89
100 100 101
92 92 92
89 89 89
97 97 97
88 88 88
89 88 88
55 55 5
33 83 33
91 91 91
101 101 101
96 96 . 96
85 4 84
52 ' 61 52
72 72 72
8 68 8
77 77 77
83 88 83
72 72 72
110 109 110
112 112 ! 112
108 ld8 i 108
82 81 81
84 84 84
101 106 101
114 114 114
102 192 102
77 77 77
83 83 ! 83
102 102 102
105 104 104
101 101 101
82 82 82
51 50 50
78 78 78
85 85 85 ;
64 54 I 54 ,
i 66 . 66 66 1
Sales.; "TV 1000
. lit do cvt. 4a A
i; 71 do crt. 4l B..
L XOt do .evt,., 4s, i Ji
lt do 43on. R. a
loIEne A JenesT 4
8)G. T. of Cam. 7sjllS
5, do s ........1104
a u. nor. it
471 do 5s
11 'Havana E. Ry
SStUudL -A Ja.saAv
161 da adl. inc. 6a
7)111 Cent 5 s. ...
la do rig 4a. .;. ...
14 Interb Met 4 s
127! do ctfs 4 14sta
S2t do4a tr ee ctfs!
454 Inter B Trcvt7swil
78 do ref
4671 do ref lis bckra cti
131 do 6s .....
16 1 G N adi 6swt
l!K C Ft S A M 4s
OIK C Sou 5s
21 L SAM S Ss
91 do deb , 4s
15! do deb 4s
SiLah T P eos4
lOILoog Is-ua,4
8 Je ref 4s
L A 9i ini 4s..
1 do Ss
21 do S R Ma Jnt4s
19J A N W 6s.
SiMan Ry con 4s
7 Blieh Cen deb 4
7 M 8tL 1st rfg
6 do rfg 6s . . . .
17 MKT 5sA wi .
55 do adi 5sA wi
87 do- 6sC wi .
22 Mo Pac 6s . . .
43 do gen 4s: . .
8 Mont Tr ref! 5a.
IW N C st Ii 5s
21 XO T A U ine 6sJ
. 4A" Y Cent con 4s
4ldo deb 6s ....
4fN T H A.H R rfg
A imp 4a.
10 do gen S . .
4 do 4a . . . . . ..
117 do 5s ... . ft .
llNTCASt L deb 4sJ
50!NYNHAH deb 6s
8.NT.NHAH deb 4a
BjNTOnit A W. g.4sl
4 2 IXTBref 4streectf a.
9 N. T. Rys adi 5
6!NTSusAWst Ref5a
S NTWesA B. 4st
SO Nor. Pac 6s a.
113
108
6sj 92
8
62
102
69
16
16
16
98
75
75
81
63
81
93
80
96
94
92
82
81
92
103
8S
77
68
89
43
44
8
lSINor. Pac 4s
121 do prior lieu 4s
H do gen. Ss.
12 do ref. A Imp.SsJ
25 O. S. L. 1st e. 5s.
12 O. A W. RR.N.4S
S3IPL If edRRSa ctfs
8 'Pa R R 7s,
111 do 5s
2 do eon 4 a .
I2l do gold 6s
5f do g m 4 s
6Pere Msitt rfg 5s!
7 'Philip Ry 4s .
I P R L A P 5s'42
24 1 Reading gen 4-6s.
8 Rd CnRRNJ coi4s
14 Rio G W col tr 4s
8 R I Ar A L 4sj
4 Ht,IM A 8 ref 4s.
14 StLASF pr ln 4A
aa ao ass ......
25 do adj 6s.
85 do ine 6s. ... .
25 do gen 5sD.
IS St L SW 2d 4s.
7 do term 6s. . . .
9 S A L adj 5a. . .
87 do con 6s. . . .
29 3 P cvt 4. . . .
7 do rfg 4s. ... .
193 do eoi tr 4s. . .
28 Sou By gen 4s. .
24 do con 5s
34 do 6 s .....
24 Third Av adi 5s
16 T 8L A W 4i
15Un Pac evt 4s
19 Wabash 1st 5s
4 1 West Sh 4s reg
High, t w- ( Cloaa.
61
S3
64
95 H
9t
6S4 63
97
101
67
91
101
78
84
106
90
79
' 94
99
89
82
66 '
75
88
69
55
109
88
89 ,
64
99
104
-88
75
110
101
102
111
93
99
51
88
86
87
66
83
8-9
74
89
82
69
96.
78'
80
28
69
92.
89
91
71
98
103
63 14
75
95
90
84
61 '
51
4
95 hk
9
11S IIS
108 104
111 112
61
61
64
95
96
lt
93
5
a
aos
92
85
:
ioi.iei
89
14
16 -.-i
16
98
74
74
80
63
81
99
79
94
93
82
83
81
92
105
8S-
17
88
89
43
44
85
97
101
66
91
101
77
84,
106
89
78,
.90
99 -1
80
80,
56 '
75 li
87
55
fl08
88
88
68
99
104 -i
88
74
110
101
101
110
93
98
60
87
85
87
65
83
88
74,
89 .
81
69
96
78
80
21
68
!Si
oa js
70 8
98,
10S
93
99
84
STANDARD OIL ISSCES
6200Angio Am Oil .. . 22 22
000 ! Atlantic lxboe .. . 8 8 :
90 J Buckeye PL 98 98
20 1 Continental Oil 150 . 169
1 80 (Cumberland P L-. 158 159
50Gal Sig Oil .. . . . 65 55
80Httmle Oil A Sef2B0 1259
14 50 Ohio Oil .: 1857
2801111 P L . . i , 177
2870jlmp Oil of Can..130
761Ind PL.; 98
7-jInt Pet Co Ltd: . f 26
1645 Magnolia Pet ... 251
5301Prairie Oil A Gas735
280 Prairie P L 290
85 bouthern Pens OU1224
4160018 O Ind . .. 134
4690H O Ky new. 117
25S O Neb 210
2480S O N T .u. . . . 675
1815, Vacuum Oil ..'..675
6 5 (Kansas 8 O . . . 630
89
16
16
10
98
75
74
80
63
81
93
79
94
-94
92
82
81
92
105
83 14
77
68
89
48
44
85
63
97
W.1
66
91
101
?8
84
106
90
78
90
99
89
82
' 56
75
87
8
69
109
88
88
64
99
104
83
75
110
10t
101 :
110
93
98
SO
87
85
87
65
83
88
74
89
82
69
96
78
80
28
68
92
89
91
71
98
103
62
74
95
99
84
1343
HI
12
97
23
240
700
280
220
182
115
219
640
i25
625
22
8
98
15f
168
55
50
331
177
127
97
25
147
735
288
24
142
116
10
651
M62
630
FOREIGN EXCHANGE BATES
Corrected daily - by the foreign exchange
department of the United States National
bank.
Quotations below except the pound ster
ling)' are quoted on the basis of 100 units
foreign currency.
Opening nominal rates on bank
Uons:
Draft
Cable
tranrac'
-"Par
checks transfers. value.
London Pounds h
sterling ...$4.41 8 4.42 4.866
Paris Francs.. 7.57 7.58 - 19.30
Belgium -
Francs 7.10 7.11 H 19.30
Berlin Marks. .08 .03 23.81
Genoa Lire.. 4.27 4.28 19.30
Athens - ;
Drachmas. . 2 SO. 2.82 " 19.80
Copenhagen
Kroner... 20.17 20.82 26.70
Chrtatiacia
Kroner.... 17,71 17.7 26.70
Stockholm ' - ,
Kroner... 20.68 26.53 ,26.70
Hongkong ; . -
Currency.. 57.10 57.85 .
Japan Ten . .46.05 ' 4 8.20 .
Shanghai , J
Taels 76.60 76.90 ....
Canadian, dollar discount 1 ;
Foneifrn Exchana; Market
New Tork, Oct. 9. (C. P.) Foreign ex
change opened easier. - Sterling 84.41, off
; franca, .0757. off S i lire, .0427. off
2; marks, JO0O3 , off . -
Foreign axchange closed steady. : Kterlinc.
$4.42, off it; trar.es. .u.soh; lire,
.0427
marks, .0003 7-16, a new low.
Steady and Consistent Growth
Make This a Conservative Investment
. Steady and consisterit growth make the 7 Cumula
tive Preferred Stock of, the PACIFIC POWER" &
LIGHT COMPANY a conservative investment. jji
Within the past 10 years the company has increased
its number of consumers ovr 100.. i
1912 . ..... .22,711
1913 25,486
1914 .. .29,044
1915 . . . ..i. .30,864
1916 32870
1917.....;. 36,019;
1921 .'48,238
1922 .....I. .50.071
1918 .......3897
1919 ...4203
1920 .......47,624
We recommend the Pref erred j Stock of this Com?any to the
conservative investor both for safety and for vhigh yield.
PRICE ifo apd Accrued Dividend;
BLVmViTTEfetL-C3tt
GOVERN MENT-MUNiaPAlr CORPORATION BONDS
UNABLE TO MOVE
CALIFORNIA FRO
IT
y Um ft Blmeaaw - - ' -
Sa Fraix-Mco, . Oct. 9. Otncia ot th
California Urapa Urowan association atata
tbas th loss to growers, chiefly growing oat
of U freight ear ahortago. win ze4'tf.
000,000. Pricas mm high and great qoaani
ttm at graiwa -ara o tho viaaa wiihla i tow'
miiaa ot to aaaskat Inst tharo-an aA can
eaaogh. to lunal tbeaa,' ". .:-.4 ..-. , . . .
.Baflroad asaa cJaisa that Eaatara aad.
"fl engages ift fcamiint eoal, tefnae to re
turn refrigtrator tirt to VTasUm linaa. It
was asserted today that aboat :tf pet osot of
the (Soothe Pacific froit eaVa are ails vm
aidlnca im tbm Kast and , MMdl West; whU
California trait la rotting ta tha orchards and
vinagarda. However, bullosas activity io Vm
seeUon is on the apgrada.
?
DISCRIMINATION
Portlanders axe growing" in wisdonru i Not
so long ago, the greater part of Portland's
investing capital was wori-ing away from
home. ' -i - -L .
The situation fs ' changing ,
Wise investors have learned td(dcrim
inate. between the fallacy of buying securi
ties in unknown foreign countries at great
distances and the advantage of helping
build- up local industry upon which the
welfare of every man, woman and child
m6re or less depends. :
Evidence : of this change that is taking
place is proven bythe demand for the new
issue of Northwestern Electric Company
7 Cumulative First Preferred Stock.,
Investigate ourvSpecial Savings Plan by
'phoning i writing or calling for illustrated
literature and details about this unexcelled
security..
J. G. TAVARES
-Manager Stock Sate
NORTHWESTERN
Electricl Company
LIGHT POWER HEAT -
Broadway 0580 r, ' T'T ' " - "
I JL a. Tavares. JMS Plttoek wloak, ,
Washington at Tenth . ind. ,iri ,'
1 Sir: rieaaa : aend me additional in-
' . r' -v. f. r "!
i
Name.
Address. ,-...V. f. ............
We offer the unsold part of
$350,000
Lewiston Orchards
Municipal Iirigation District
Nez Perce County, Idaho
Serial 7 Gold Bonds ,
DATED Jaly 1, 1922
DUE Serially May 15, 1933-1942
Principal afid semi-annual interest (January 1 and July 1)
payable in United States Gold Coin at the. 'office of the Fiscal
Agency of the State of Idaho in New York City. ., ; .
Denomination $1000
Exempt from Federal Income Taxes
" No Ownership Certificates Required
FIWAHCIAL STATEMENT
Appraised Talaa of laad aad ImproTemoBtf. ..tl,H,l,M '
Total bonded deot. this Issao ornly. .......... . liMN.H
Average aln ol land per aero.. Set.
Boadtd tfebt peracr ...... ........ - JI.74 .
v:,'. Area of (Uatriet (all Irrigated). i. ;.4St acre ,
-' Average IndlvldaaJ owaersklp. ...19.4S averea
' Namber of ladlvldaal land owners.. t
Popalarfloa of district ostLmated. . . . !
' PoanlatlOB of Lewiston (oeataa of
i47) eitlmated ...... .....7.t.
These bonds are payable from direct taxes rankini? ahead of
any private liens and first jnortgages; includinjr mortirages.
secaring Federal Farm Loan bonds. ,
r. ' .. i 'a. .' 3 at- i.: Ji-slia.
UomestlC ana irrigation wwer.w, aervea wm en taro tuivncn
which is in a high state of cultivation and productiyity.
The value of the lands and improvements is appraised at 429
times the bonded debt ; j . ; - hJ , . ?
The lands of the district have been irrigated since 1908. The
district is . a community , of fine homes, well-kept orchards
and productive gardens, and has a population of about 700,
immediateTy,adjoins the city of Lewiston, with a poptilation
of about 7Q00. , , i .
' . .-.,-., ! -, i . - -."i ' . . -
OrraaUatloa of District valid ated t the StaU ef IdaJul
4 - DJatrlet Coart la 3 aa P.ereo Coaatr. .
Boadi certified rj the State i Idaao Koetaaiatloa Dli.
trict Bold CWmmlssloa, cow posed of COBsajlaaloaer ( v
BerlamatloB, the AttorBer-General and tha CoBHtlsaloBer . -.of
UnaBte, as leral-seeirlty fon BBklle ejoit aad for H .--;
laraatneBt f aavlnfi aad commercial baaka aad for trait
. faBds la the Stats of Idaho. '
reg-al Taveatneat for Oreg-oa SaTlBft Baaks. , ,
'Legality approved by" Teal, Minor & Winifree,
Portland, Oregon, and y ' Goodf ellow, Eells,
Moore & Orrick, San Francisco, CaL v
Price to
Yield!
Income Tax
Exempt
; . Wire Orders Collect ,
Ralph Schneeloch Compaijy
MUNICIPAL - - lUOIil CORPORAON ,
n
it
1 1
FOURTH AND STARK,PORTLAND
- - . . BROADWAY 6481 '. I- . V " , ,
SAN PRANCISCO-U3S ANGELJES-NEW YORK-CHICAGO-SEATTLE-PORTLAND
BROADWAY and OAK
4
I
Second Floor
:i'i S -V t t'- 4' sJi.'i,?
LUMBERMENS BLDG
-Is