The Oregon daily journal. (Portland, Or.) 1902-1972, October 18, 1922, Image 18

The Oregon daily journal., October 18, 1922, Page 18, Image 18

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Newspaper Page TextTHE OREGON . DAILY JOURNAL PORTLAND,' OREGON. WEDNESDAY, I OCTOBER 18, 1922. COTTON ADVANCE ABOVK 23 CENT I.KVKI. AND FURTHER .RISK IN STERLING ARE BIGGEST FACTORS IS t 1 ' V f STERLING AND COTTON ADVANCE - Bf. Wu-rt ay mm -WaD. street. TortOct 18,--Tlls twa M important Incidents in ti markets txiax wrt a farther. sharp advance to sterling r efiang ana unw tsss in oottnn. which ear iid Mm ilnn iM hL-t)ut is On ' kaxlkast- of ta- year. , , The drawing toward - f : S4 48 sight drafts on YHH London was less th I 4 rne to. the pooBd if" ? V V, lJfiiB.' . The up- - y.Ma two ioM BpniKirai. ja- 1. it. it ww the net- 1 nrw rvuir j ii soertiaje unsnana li is rtmneotion wlttt the J5O.0OO.OOO payment on the British war debt u out of tlx wajr. .and., second, it was a reeogtritioo that, ha Tine assumed regu lar rn. ut mu u-t after having balanced s current iteration W the "Internatiotoal trari then i no longer any erios obstacle to the return of sterling' to pre-war parity ' ' ' ' Cotton rVioat Ml ' ' t: The return if cotton pris to the best they nave berry in j 1922 was eapeeially interesting in view of the' recerlt recovery of lSe a esjshel in wheat prices. Together they . mean ; mock fur the rmrcbartng power of the agriealtaral districts and therefor hare-. a very powerful bearing upon the entire easiness outlook for 1823. It would hare been better, of course, tn the. ea. of both cotton and wheat, if the improvement in pricea bad been broeght about by iacrease, f foreign and , bom demand, rather than through . deereaee in tile -prospective supply. Stock WoeewvantJMlMad The- days stock market a a whole was imply a repetition of the type of the markets now. grown ao familiar. ,x Indirhiaal stocks were tacrine -in ' opposite - directions. . "where interest was constantly going .out of one group- inU another, and where price settlement changes in coiieeqaence were : extremely confused. A market et this kind meam only that the pro fessional; operators are simultaneoosly selling anwia atnckm while burins others, and that the stocks being sold are made to look wvlk, wAdlej the taocks being ooagni.. appeal strong. . a mW the high priced industrials eharea in which the public has tittle interest, whteb. are aaostly in control of wealthy investors and speculative capitalist were of the sort of stock most favored. ., Speculative ezeitement oyer the Mexican Oils was raatained at a high pitch by the statement of the president of these companies that, while no plana, for distribution of treas ury assets hsd been' perfected, they had been under consideration for some time. With this encouragement, speculative Wall 'street contin ued to indulge Its Imagination regarding other companies which might : be in a position to distribute stock diridends; and this led to a general taking up of high priced industrial spe cialties. Meanwhile the : rest of the list was a good deal unsettled and after the first hour or so was inclined tn sell off. FreAoh Cashing Weak T "In marked contrast to the strength of Brit th exchange was the weakness in French ex change. Th break in franca to a new low for tl WM h" to exchange. Moat of the decline occurred before the New York opening and was apparently sympathetic with a similarly sharp decline in the Paris cheque in London. Seers) times before this year the Paris cheque has been affected by British pressure brought to beaa) upon France to meet maturing indebt edness. Today may hare been another occa sion of t4 kipd. cleMinj in the. stock market increased as the afternoon ' went on.. Prices came down rather s! i i ply for a time ail through the hst, -but, n the last hour the market steadied and at -the same time sjuited down. . . : a Las Slum For this afternoon's rathes sharp decline on the . stock -. exchange there was so explanation in the outside news.. It was nothing more than a -reaction due to one of the temporary ahTlx in sentiment, which- always distinguish a market dominated by cliques and profes sional . operators. ' Catt - money came down. The violent upbidding of some of the in dustrial shares had evidently precipitated sell ing in other directions and tt was this which told upoa.the dealings of the last two honrs. The close wag unsettled at nearly the low prices, WALL STREETVSTOGK QUOTATIONS f - 'kJi Qrbe.. aV Cooke Jgfc.'-yj. f j- A 'j ; j -i i - Sales. gTOCstg 7&01AdssBS i-ipress ooAjranc stuat . SOO Agr Chem . , - 800,Xiax Kob 1 OO! Alaska lioM . . . . lOffTJflaaka Juneaa . . 1400 Allied Chem .... S 1 0 i AUis-Chaleni . . 700 As Beet Suss. . . . . . Am Bosch . . . . . 11600 Am Cm Ce.w .. do pfd . . '. . . l . Am Car . Fdy . . lo pits 120 . SO 7 901 Am Cot OS 300lAs 4HtAm 1700j do H00Am 80As Synd.. . . . -i i . Irug Hide. pfd - Ice ' Intl Corp. . . larrseed Loco ...... 2001 do pfd . . . 400,Am Saf Raxoc. . . SSOOjAmj .Ship aV Com. 1 00 Am Smelter. .... M0 as pfd ....... 4 100 1 Austin Nichols.. . 14eOAnv. Steel IMy... 140djAm Sugar . . . . . 80O.Am. Sugar pfd : SU0Aat Snmatra . . . . SOOOIAm T st T. .... . 23oOAm Tobacco 270 520O 400 700 48lKAnacooda 1SO0 do B Am Wool do pfd Am W P-pfd..-i. Am Zinc Asad OU High. Low. 1 Bid. 61 18 8 14 85 62 (a, 72 - 195 26 "l4 M 74 i 113 40 V 13US2Ui it . . tSt, 7 23 S 22 Illi CI U ioihioi . -. A 44 44 6-i-:88 124fcfl23H luT iftlie ias419 ' 102 W 1100 81 18 9 14 4 . :- 1- 84 iO Vi. 4 r 42 70 ii" " 'ii 72 111 ' ss 80 aOOOiAtcbison .. .... . OOI Tie pfd - .. . . 1000 Atl Coast Line. . . 600Atl Gulf A W I." 28800 Bakwin Loco. . . . . do pfd; . ; . ... -i 200 Bait A- Ohio ,. . 200 do" pfd .. . . 12700 BarnadeU Crp A- . ISOOf do B .......,..! ' 5100 Beth. 6tel B.. . . .t... Booth Fiah 1800 B B T . . . . . ,,j 1400 Butte O A Z ..A 1800 Butt eV Sup .. . 1 0O Bum Bros A. 800 .do . B ... . . . : . Caddo Oil . . . . 800 Cat .Packing .. . . 1500 Lai .Pet ... v. . . do pfd .. ... ll OOCalua Zinc & Lead 8400ICan Pac ISOOiCen Leather 200!Cerro de Pasco. .'7 . 1200!Chodler Motor 2400 100 800 4600 i 800 8100: 400 4300 8 SO0 1000 100 8200 iChl A. n-vr Chicago Gt W. do pfd . . . . . Chile Cop . . . . CHioo . C M St P do pfd Coca Cola . . . C O Cola F I Colo Son Col Gaa aV El . 1 800 Columbia Graph . .' 10500 Con Gaa ...... 2100 Cons Cigars do pfd . 000 Cona Textile . . . . 4200jContaI Can 7800!Corn Prod '. . . . . I do .pfd ISOO Cosden Oil 2800 S--H. I A P 500 do "A" pfd 300 do "B" pfd 10200 Crucible do pfd aOOICuba Cane 1 20O do pfd . 1300(Cub Amn Sua . . 8A00 larison Chem . . 200 Del A Hudson . . . lOOODel A Lack 8100 Dome Manes . S400Rlee Stor Battery (iOOIEndicott Johnson 200Erie 1 68 129 107 2 124 81 W 142 56 64 30. '.24 ii . .7 84 64H 14 41 41 I3H 28 ts 51 81 77 83 48 110 2 142 41 3s "io 08 . 126 40H 45 100 1 89 14 SO 23 44 188 141 40 57 854 I 16 18 -52 13 lt 2 121 80 189 55 64 37 2 75 iir 7 '47 "83 ' 62 " ' 8 147 40a 40 62 02 25 29 82. 50 80 75 32 49 100 2 139 40 10 84 124 '48 43H 00 00 85 ii" 38 22 40 187 180 30 5 84 I 16 81 18 86 14 1 84 : 504. 41 41 7J 110 ISO 121 26 6 14 78 113 86 40 133 119 7 23 61 101 35 44 79 105 88 123 164 162 100 10 33 19 52 120 106- f 121 80 139 111 55 64, 88 j .24-! 78 ! 8 i 17 -7 83 135 48 10 88 62 V 95 ' : 8 147 40 40 62 91 6 14. 35 28 31 50 80 7S 32 49 109 2 130 40 81 10 94 125 120 48 48 09 00 86 95 I 13 38 22 41 187 140 89 55 84 16 Sales.) STOCKSf . I High. I Low-J Bid. f 10 ! 100 eoo r- 700 Inspiration jlnt Agr Corp . . do pfd. .. Interbore ...... da pfd ....... Int Hgrr Ifk Mere Marine . do pfd ....... 1000: Int Nickel ...... TttOilnt Paper -. 15001 Invincible Oil lSOOjlalaad Oil . SQOjJewel Tea ... lOOjK C Southern. . . . I do pfd ....... 10001 Kayser - J 3709jKeUy-Spgfld. 4406jKennecott ...... 6500Keystona Tire. . .. . 12O0;Lack Steel . . . . . 500Le Tire . . . . ,.i . 6300iLehigh alley . , 2600Lorillarr . . . . j . . 4400 Loew Theatres. . . 500;L A N 400!Limalolo 7400 Marland Oil 3800 Max Motor."!". 240Oj do fB". ...... 1700May Stares 8-7TOOIMex Pet. . . 91 86 22 1114 4000 ,700 Mex Seaboard Miami . . eivuiauinu ......... T300 Mid States Oil. . . 5100 Midrale Steel. . 30OO1M K A T Wi. 6p0Mack,Tmck, . . . ....1Mont Power... J 7 00 J Mont 'ard. . . 1200 Mo Pac 8900 do pfd . . . . . M St P A SS 4800(.Nst Biscuit. . . 5400 (Nat Enamel. . . 40O Nat Lead . . , . 40 Nevada Con -s . 15100 New Haven . . . 800 Norfolk AW.. 4100 BTJ American. . 7100 Nor. Pac . . . . . (Nova Scotia Steel 600Ni : X. Air Brake 1 1 500j N.: : Y. Central . . . 1 50OtOklav Prod, ret . . 3000iOrpheuiB 400lOntario A W SOOfOti Steel 1800iPacific Oev 800Ps4 ti- A E . . . . 4400,Padific Oil 76500 Pkii. A. Pet 87200j d "B"' 2400Prna. 1000 Pnna Sea. Steel. 300Pe. Gas 1000 Pere Marquette. . . 600Phil Coal lOOOPhillipa Pete. ' 600Pierce Arrow. . . . 700 1 Pierce Oil . 2300iPitts Coal SOOtPitts A W. Va. . 600IP. 8tel Car. . . . eOOiPunra Alegre.... leoOIPullman 1400JPure Oil . 800! Ray Cims 3 600 1 Reading . . J . . I Remington 1 iOtrfSeplogle Steel 25 - 8001 do 1st nfd.L.v- . b400Fssbous liaers. .JlOi . . i..lt'ed Ming A Basel; ... 4 - -i da pfd . . . OOfFisk Tire ...... 0O0Gen Ciears .... 8200Qen Electric . . . . 24700Uen Utr . . . . . 300j do ( p cent.. 6508;Geo ' Asphalt.. . . lOOKioddln -Paint . . . .. .(Goodrich T, B. '. ....rGieii Aldan . .... 700Hiranby ........ - TOOfGt. Nor Or. . . . 17i00Gt Nor pfd , ... . ...... iGreene .Cananee.. SOOiGulf g. Steel.... IS 00; Houston Oil . . . . 4100Mnpp Motor 8O8IUIS Cent . . is.. IS 81 18 15 84 5 81 38 93 1 62 17 63 17 20 46 35 7 84 26 71 176 22 143 61 38 55 17 187 233 18 28 13 9 34 58 '22 22 60 245 67 10 15 32 122 07 89 40 100 11 2 85 57 95 4 48 5 T 88 42 52 14 60 89 90 47 184 80 14 80 '88 24 12 80 184 14 M 1. 31 88 4 88 84 22 114 14. 66 16 61 : 16 ii 45 34' 6 83 M 26 70 170 21 142 60 86 54 16 135 219 17 28 18 33 57 21 58 233 66 108 15 81 120 83 87 '3' 99 10 2 85 54 91 90 4S 4 96 3 42 5 13 59 8 00 46 181 80 14 79 "82 24 12 58 12 61 184 14 84 63 13 33 67 81 88 4 28 90 84 22 U14 88 8 36 1 rii2 14 60 16 6i IT 19 23 56 45 43 34 7 83 26 TO V 17D 21 143 61 86 64 16 186 219 17 28 18 83 17 57 72 22 '31 59 73 240 66 108 15 81 120 96 87 38 ' 40 99 .2 25 24 10 2 84 54 81 90 . 48 ' 4 S;7 "42 50 IS 6 60 87 00 46 131 80 14 70 85 32 Sales. STOCKS 4S00,Eesmb. J. 4V S. do: pfd . .4 3200 B.,I)teiroa?.i 00j Ry. iteci Spg. ... xivusaxaav stotors, iy 4600, Sears Roebuck... .. . . . Shsttnek A Aria. 4008oa, T. A . X.. ,. Z00;Smelatr ........ ...iSloas' SheT ..... 4660 Boa Paciilc .. ... 100 -Sou Ry T . . T. . .... . J.Htandard 'Oil N,..X liOOO stand OUi Cal,. . . .t. . Staod Oil Ind . . . 85000 Stand Oil ' J. .1 ..... Stand Oil Ky. A 1300 St L A . . . - '406 Stromberg. Carb. . 3S0O0 Stndebaker . . . ...-i Swift ..'.. 200,'Tena Cob A Chml 1 BOW Texas Oil ....... 200 Texas Psxr 1500 T P C A O Tob Prodocta . , . 1400 Traa ConU Oa .. ...... Union Bag A Pa. 1500 Union Oil Del . . 2100 Union Pse . . w . ...... TTnited AUoy . . . 200 United Drug . . . 2000 United Food Prod 5.700 United Fruit . , . . United Bda S J. 600 do pf .. . S300 Unit Ret Store. 200 U a C 1 P 680O T7SIA. ....... 6000 IT S Rubber . . . ..- do 1st pfd .... U S Smelting 51500 U S Steel 1700 do pfd 2800 Utah Copper . . . 900 Va Chem 800 do pfd ....... 2800 Vanadium Steel . . lOOVivaudou l 6 0O Wabash 11 0O de A pfd 2900 do B pfd 5200) Wells Fargo . ... OOOlWeatern Pac . 1800 do pfd Western Union . . Westhosse A B . . 70OO do S AM 10O West Md 4 001 Whit Eagle Oil. . 400 800 1800 1400 1100 White Motors . Whit OU Willys-Overland . do pfd . Wilson Packing . . Wisconsin Central wowworth Worth Pump WALE.. Total ssiea. stocks, 1,272,600 share: bonds. $18,698,000. 100 'ioo High- J Low. J Bid. 6I 65 j 66. . Jk f 2' 58 67 57 123 122 12S 1.-4 , 3 - -4 : 0 89 '89 ' - 8 4, 37 35 34 S4 ..... . . ... 4 6 95 3 27 26 26 .'. . . . . . . . .1570 ..' 128 125 126 .a. i-. . ,....;12T 2221 :2S2 4... ..... 111 ... 28 58 . 55 54 186 134 185 . 109 109 109 . ..... 9 50 50 CO SO 29 29 "26 25. 25. 63 62 61 14 14 14 ......... i. 71 18 18 i 17 151 159 150 ..... .. ... 87 82 82 82 6 162 156 ! 158 .'. 18 31 81 ao 85 83 82 82 70 68 68 56 53 62 . 10O . .... ..... 42 110 108 108 122 122 122 68 66 66 27 27 27 . . . . . ..... 68 45 44 44 .......... 13 12J 11 11 82 81 31 21 21 .2-1 98 98 98 17 60 59 50 116 115 115 . 99 68 62 62 14 ..... 14 81 31 31 60 6 6 6 6 6 6 42 41 40- 43 43 42 , 81 194 88 12 BASK Clearings Mon. . . Balances Mon ... Clearings Tues. . Balances Tues. . Clearings Wed . . Balances Wed. . . STATE MBS T OF Portland Banks. 1022 8.484,887 t 2,138.517 6,366,959 642.681 7.870,234 1.528.047 COAST ' 1921 674.984 431,252 070.384 041.238 .822,365 173.248 San Fiwnelsoo Banks. Clearings Wednesday $30,400,000 4Uls Bsncs. Clearings Wednesday $ 5,939,715 Balances Wednesday 1,411946 Los AnossM Banks - Clearings Wednesday $22 193 005 Oakland Banks. Clearings Wednesday . .$ 2,155 300 Tacoma Banks. Wednesday's transactions $ 8,054,000 Money avad Exchange New York. Oct. 18. ( I. N. S.) Call money on the floor of the New Tork Stock Exchange to day ruled at 5 per cent, high 6 per cent, low 5 per cent Time money was steady. . Rates were 4 5 per cent. The market for prime mercantile paper was Steady. Call money in London today was 1 per cent. Sterling exchange was strong with business in bankers' bills at $4.46. MO HETIS EASY IN MIDDLE WEST i f By . D. MMtM ' Chicago, Oex. 18. -The erop-mering period is being passed .without any credit strain in the Middle ' West. ' Money is easy today and bank deposits are high. Coanty banks tn soma districts ar fintBtife difficulty in placing their funds dventageaoaly. Th' reserve banks has not bees called on to aid the crop financing, but they nave been in th background ready so help If help were needed. , Coal is not coming to Chicago- 4r either the quantity sor variety desired. . Dealers say de hierlus for domestic-use ar 350,000 tons be hind, the amount in storage Is .short, and a suddea. coed snap would eaaa trouble. , Howes holders ham been indifferent, wann weather and hop of lower pricea bavins; contributed to delay an buying. . NEW INCORPORATIONS Salem. Or.; Oct . 16. Artlnlea of incor poration were filed with the atato corpora tion department , her eMonday by the Delia Omega sorority of Corvsilis. capitalised at $100. The incorporators ar Evelyn Clark, Mabel Bertvh and Velma Kizer. . A certifies t riled by the Bend T raws mission company of Bend shows an increase is capitalisation, .from 825,000 to $200,000. Cattle ShippedFrom Moant Xngtl Mount Angel. Oct. 18. The Mount Angel meat market, shipped s ' .carload of cattle to Portland, th first of the week. This is the first shipment of cattle which baa gone oat of this city in over a year. A few years sgo as high as two or three carloads of cattle were shipped from Mount Angpi weekly, but in th past year the market became so low that shipping Seattle was not practical. However, the cattle mark is again ctominc back to normal and heavy abipmena will go lorwara in the near future. Shortage of Apple rieken Wenatr-hee, Wash.. Oct. 18. E. ' S. Camp beO. director of th United States employment office here, states that there is a lively - de mand for apple pickers and the supply was 150 short Monday morning. There' is demand for a few sorters,' but no call for par her. Mr. Campbell reports, that 400 orchard workers, mostly men, wear employed through his office during the weeks-ending Friday. October 13. Fore fi a Exchange Market New Tork. Oct. IS. (I. N. S.) Demand sterling,-84.46 ; franc cables. 7.47; checks, 7.46 ; lire cables. 4.23 : checks. 4.22 ; marks, .0008 7-16; Belgian cables, 6.96; checks, 6.95; guilder cables, 89.05; checks, 89.02; Sweden kronen, cables, 26.78; checks, 26.74; Norway, cables. 18.10: checks. I8.O6; Denmark kronen, cables, 20.12; checks, 20.08. , Tries to Bar Telephoae Stocks Sands, Oct. IS. .Jack Rcholts of .G roe ham has bean going through this section the past week buying up shares from stockholders in the - Multnomah A Clackamas Mutual Tele phone company. Most of the stockholders re fuse to sell, however. ,. WenatcB.ee Business Boosting; . Wenatichee, Wash.. Oct. 18.- Retail busi ness in W'enatehee reached a high-water mark for the season Saturday, according to local merchants. There were more people on the streets and in the stores than ever before uiu year. FORECAST LOWER TURKEY PRICES ,J -':' . . . -i,-.S' ' - ' Chicago. Oct. 18. Th' Thanksgiving! tur key will be cheaper - that year with .th pric.: possibly 10 esota a pound lower than a year ago, according to poolriy man attending the' National Poultry, Butte aa4 Egg aaeo dattoa bar. . - - -- -r .- Oa th baste of this prediction th retail prie will b about. 47 cents a pound foe eoM stoma turkeys, of which there were g J 9T.OOO in SBorag September 1. as against 2.917.880 last year. Large tnwwrtationa of turkeys tram tretsna. South : America aaa Aastialia. together with th public recovery from th post-war spesuang piwmlei Wi cause ta 10 eeat drop,, commission aaa est Chicago and elaewher indicated. j - . Power, Works Completed Springfieldi Or, Oefe 18. The Oregoa-CaM-fonua power lin men bar completed their work her and moved on to Porrtaad. . . .i " Republic of Haiti 6 Gold Bond, Dae 1952 Issued ;vvith agreement of the President of the United States in accordance with a treaty of j'j Sept. 16, 1915 Non-Callable for 15 Tears Except for the Sinking Fond Price to Yield Over 6.25 Circular on request The National City Company Offices la mora tnaa cities Yeon Building Portland Telephone 6072 Main Mand Empire to ! Continut3 Logging ;! WorkntAU!; Winter ' v. -r--' -yr Vi"! ;-', ;?; ; Spokaa. WasK; 0et 18. Despito th tact that lumber produotioo and ahipment has ewdoeed jaj per cant -daring (he last ssonta. Jnmber eaanp operaxsoas throughoat th Inland Xmntr sr s-seetad to hw bnued ail win tar. The general outlook ia this of trad - is favorable, stated a report th Loyal Let ion of Loggers and Lumber- Tha - Wests ra ' Pin ' Manufacturers' sisw tioa rvoerta August shipmenu loadsd la 883 ears totaled .186.305.006 feet as against 847T oars im August. 1931. I With ' th reopening of 13 camps la th Priest River territory and 15 camps Bear Kand point by th Humbird Lumber eompany. a good winter- ia promised in- the woods. - Th Dalkena Lumber eompany1 expects to epea camp "fa toe immediate future, the report say. - " . - - tll3tlH8UNli8ljpuailBlCit8llBB3lftiaii3HHtltlia I A SOUND! OREGONl Federal Income Tax Exempt Legal Investment for Trust Funds and Savings Banks in Oregon r- i . Denominations The earning power of the peschutes . County Municipal Improvement District is estimated at 10 times average annual assessment, being fur ther supported by the full taxing: power of the municipality. c 'I I 'I .ty.r- ' !'-" " 'iV. Denominations Y 4 . i ,17- rpf ' $500 and $1000 4 llCCtO l lClCi 6.25 Wife orders "collect" or call, write or, phone Main 4195 for reserva- . - B tions or circulars - 4 J G-rMILLER & COMPANY :) nXBSEmEL1 PORTLAND 2d Floor N. W. Bank Bldtf. Phone Main 419S Portland Seattle j Los Angeles San Francisco 7l1lltSllTlllMIIIlnlHlliHIIIlMIlllttllMIMSI!mnlnlllIlllllttlHtllMllllMIIIHiIlllllUIIIIIIIIItlllllllllitlMMln 11 1 1 ffTnnrT7TTT ! H gaansf c Lai W w 11 ' -w Mi f f "New Tork 8o?ar and Coffee New York, Oct. 18. C. P.) Firm. Haw. 83.53: refined, firm; granu lated. 36.256.90. Cof'eo: N'o. 7 Kio, spot, 10 10 He: Ko. Santos, 13 413 -4 c. More Melons ,to Be Cut, Standard - Oil Announcement ' '' q.- . By H. D. HefTsrnan . - New ' Tork, Oct. 18. Overnight announce ments that two more Standard Oil . suhsJdaries proposed to declare snormau stock dividends served to cheek the downward tendency in the oil department generally in today's Curb trad ing, although it was evident that this new had been discounted to a large degree in the market ef the past month. Vacuum -OU was the fifth of the Stand ard Oil companies to announce the calling of a special meeting of' stockholders to vote on an increase of th i capital- The proposed increase is from 15,000.000 to S70.000.000 and a reduction in the pax vahae from $100 to 925. Ohio Oil directors made the- an nouncement shortly before' the opening - that stockholders would meet on November 24 : to vote on an - increase- ia the company's capital from 15.000,000 to 60,000,000., If these proposals ar adopted -it is the intentioa -of each ; eompany to declare- a 800 per cent stock " dividend. , Southern States Oil responded tor the de claration of a stock, dividend of 8 -iper cent payable January 420 to stockholders of record December 81 int addition to its monthly cash dutribation of 1 rer cent., Mammoth Oil new- eojHinaed to decline despite the attempted assurane that alnvot-t half the caottal stock is held by large oil . interests and is not for aal. i-- : 'i " . ' .- . Phillip Morris was exceptionally strong: and displayed-onnxua activity on merger rumors. It is , understood that this stock will' be in cluded in' -the CoseoBdatioa ; at considerably above ! the present market quotation. Imperial Tobacho' of Crest Britain and Ireland, gained fractionally.' Th New National Biscuit isso furnished one of, the setire featarea; .getting, up te s new high record, moving sympathetically with the dW share on . the stock exchange. . It is generally- expected that th dividend on th new stock wilt be increased end tom guesses are as liieh as 34. . . Beversl.. aewcoraer . made their ' appearance or tne tape. The new BtanoaM U1I or lersey vcaiiUl stork of SU3 nar valu v traded in on a .when-issued, banii, sale taking pate : between 48 H and 45. Tradtne also started : in the' new is rue of Heasy Cboeolat comnsny . per cent bocds. . The bonds soid around their rubcrrjtion price of 98 H. The ' lue eompeea $15.00iJ.0O0 and yields over per eeni. i Uojor 'itocst eoBtinwed depreeee. ".. , JfOSTOX COPJEB STOCKS Reported by Overbeek' Js Cooke Co. Bid. Adveatar 50 Alloaes- 23 " Areadiaa 2 "4 Bins Ma 17 ' New I'orwlTk iVotonial, Davis Daly 4 G Butte H Irank Mg It, Hsncork S V Helvetia-' SO 11 Crk 103 Keewanew 3 Kerr Lake 3 M Lske Cop 3)a 1 Rail -11 Mohawk 58 M O Col i Ask. 51 . S4 34 iS .18 10 4H 14 .. . 3 1, 164 3H 4 ; 4 34 Bid Ask Ma Valley 1 H 2 N Butt WW 11 kiivun . a4 a J late 40 Bid Aeoi u S3 sa kibijswa 38 3 isl Korsi 21 14 o.. gu-rtgh 3 Hud ilonoar A U (Trinity Cop 1 i. taa -.?oo. 30 -V 8 Mia 42 H V nfd 46 U X'tah Apex 1 H Ktoruv 1 M Winona l W Wolvcria 8 10 4 20 H 44 47H IS .1H 10 r The 'Idaho board of pardons at Its V Octobe-r session refused to take action on the application tor pardon of Harry 't Orchard, confessed rrturderer of former Governor Steunembersr. . .201 Raitwax Exchanm Usgakwg Cklcaew Baaxa et Tra4S STOCKS EOXDS ; -ratTATB iSaVSJUy VTtatSS TO F Hutton & Co. 3IE3IBEKS Atl. PRIKCITAss i BXCHANflE sWUelt laqairlea AU iesi ' ..' - . - oorarltl . . k , , 14 "?X f -ii'iiini . wTial' nn"nT7 8,J ' ' ' - . B &v',...rl....i rmmmf i nlnlLiiiiii flt in ' t-?tJ2iit.'int fir Third and" Stark, streets, in the McKay ; Buildinf, where ithe Hibemla Savings Bank started . its career as: a I conservative custodian Just 30 years ago. Below Is shown the . bank's sec ond, home, at247 Washington street, in the Waldo Building in J 897. BBSSBSWSBWat Bf , GN OCTOBER 15, 1892, the Hibernia Savings Bank was organized. In every year of its career but one, deposits have shown a steady increase. During its 30 years the Hibernia Bank has seen Portland grow from a town of 88,000 to a metropolis of 300,000. It has stood the test of two panics and two wars and has held a steady keel through boom years and lean years. It has grown from a bank spon sored by a few to a modern financial institution with over 18,000 accounts. The original deposits (commercial and sav ings) have grown from : $19,000 to over $5,000,000. The Hibernia Commercial and Savings Bank will spare no effort to preserve the confidence it has won and to justify its rec ord as a conservative custodian. 'J. ai mm mwm : aaviiin.-. .,...,' fedft I b i mm I V 1 i -H r if f at -zr,Mi ii r Ih 1907 the bank took quarters ia the Labbe Building, at Sec ond and Washington streets. Nine years of steady .growth made larer: quarters necessary and in 1916 the bank moved into the:, beautiful structure now .occupied at Fourth and Washington streets. 9o ) We invite your patronagt ord for the past 30 years, conservative custodian. ' on the strength of our rec Entrust YOUR funds to a ao !Umno?icT:io)iYir a commercials tt iiiiilJii;iLritiI iiiandSA-vTNGS JQ). nrrrnrTmimn mTinTTnmmmiTnmiiiiiiiiiiiiiiiihiiiiiiiinTTTTTmTT fipiiijl ' x . I r f II r.-m i a . m nil. -f V--I1- vi J i-v v- 13 II nrTmnnn j I J. f .1. 1 .. I .! . 1 .T. 1 .1. 1 .!. I f .T. I .T. f .T. 1 .1. 1 ,T. 1 .T. 1 .T. I J. TTTTTTXT .TIT.T. T .T. T xr.TT7lTT7T Ladd and Tilton Bank extends a WELCOME to the members of the - ' i ' - ' - Investment Bank Association of America , . i V ' ; ,1 visiting in Portland. rs It will be a pleasure if we can give you any of any service to you while you are here. The facilities of our institution are at your information or be BOND DEPARTMENT OPEN 8:30 TO 5 HW SATURDAYS 8:30 TO 2.-00 Oldest in the Northwest WASHINGTON ; at THIRD s i r i -i-1 -r l t l r i r i t i v i r l v i r l r l r i r i -r i r l r i t i r i v i 'iJ i V IHV i v? i wr i r i -i-1 tTT I i I V 111 disposal fwasaiaeaawa . UawnSTCHbe Keeps in close touch with markets on' both listed and unlisted : securities. ; : ..;V.-' ' ,.,.-' .l-.j-. -V-- V:yi'rY:i : Locates the best market for inactive securities. j ' ' ) Executes buying, and selling orders. ; Gives, quotations On all-bonds. : :--"'v'-i-'Y-'.Ji-i( Able men in charge of this department , invite personal consultations regarding market situations and ' market 'trend. Blvth. Witter. iL Cd GOVERN MErvTMUNIGPAL-CORrT ON BONDS FOURTH AND STARK, POtTTLAND BROADWAY 6481 m - i SAN FRANCISCO-LOS ANGELES-NEW YORK-CHICAGO-SEATTLE -PORTLAND tl w..s-,'.T t : - .. -. t .... - f - !