The Oregon daily journal. (Portland, Or.) 1902-1972, November 06, 1922, Image 16

The Oregon daily journal., November 06, 1922, Page 16, Image 16

Image provided by: University of Oregon Libraries; Eugene, OR

About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Nov. 6, 1922)

Prev Page of 22 Next Prev Issue Next Text PDF JP2 (5.9 MB) Clip/Print Image

Return to Top

Prev Page of 22 Next Prev Issue Next

Newspaper Page TextTIIC OIinGON DAILY JGUIIXAL, rOTlTLAICD. OltCGON. lo;;day; - kove:.iij::;: ; c 1; GREATER BUYING POWER IS SHOWN IN . MOST LINES OF INDUSTRY WITH: MORE EMPLOYMENT n 1G UENC r I iAii , Br Staarart t. Waa . . Win B treat. New York, So. . It as J . qtrottmq how far today's reaction in the markets was tiMt resan 01 ina wnexjjocwj rijM-j" j I hjw ' .t Jin - op in tha Turkish f- tj fir- and bow far M V was the result ol w ?-af": peashnisrJe ement -' 1 " Jwet Sunday reiardlnif - :':5-:-."'--..'i-.:;:: 5 a r m a nr'm fmawial !: ntulit and t . fin.nrial mrtlook. - - TV rlMtin of orw a cit a. pound in sterUna V'lf--? nrbiitt and the unset -Jaaw: tlenient tn the London awft&& security market wer 3 coup at t'omtantinople :. IV which introduced an- ' ,V I ether Turkish criij quite a actJte as TO one of a month ao. The low Wei of the German mark, the ex treme wrakness stain in French exchange and a Inruirr du;i m r renrft foTemmeni oona i while tlirj -im no douht helped alone by the Turkish news, won Ml proosDiy nsT come iwrai - anyway ' aa ' the result of mwcested failure of the cnnfrreiM-e between the reparation ton mrririoR and the German treasury officials to work out a remedy .. for .Germany's desperate : situation. The fall in the Oermsn mark to one and a half nne-hundredtlia of a rent wni a lojrirs! accomplishment of another tremendous incrp.-w reported in the lat K'-hbank statement. The Jump of nearly .".( ,000.000 marks is by far the large, that has yet occurred in a single week. French Position Critical So far as the French position w concerned, i ia all Terr well for. the leader to declare . that they will do their utmost tn fiaht acairct Inflation. But with the huge deficit confront ' ins them, tliey may not be able to help ' tkeraw-lTe. This deficit. Taribuslr estimated at between three billion and wren billon francs for f23. . tions to the already enormous burden of inter Ral debt or through borrowipg from the Bank tif France, which can only be done at the . arxpense of paper note expansion. Morearer, eren asnminff that Krench in reft to will alioulaVr tli new load of debt, tuis-wlll not meet the contingency of ferman failure to continue supplying material for reconstruction ot.the devastated regions of France. The franc has not sold as low aa it did today since the third week of January. 1021. "' " Stack Market Seniltlre The stock market, after its sharp rise in the latter half of !a.-t week, was more ensitire to the unfarorable development in Kuropean jmHtlc and ia the e.ichane. than h wonifl utlierwwc hare been. Still there was no great amount of weakne-s. For half an hour or o after the ojienina, speculator who had bought lart -week endeavored to get out of their stock, and this they were not able to do until prices had dropped off e point to two point among the more volatile industrials and a . point among the rails. This decline wa soon over, however. ar.d. then the market settled into dullness which lasted pretty much through the remainder of the session. ..New buying was held in check, as was natural, by tlie unwillingness to increase com--nutmenta with the election holiday impending and the poufbility of more bad news from . broad by JVednesrlay morning. 3 he stock market dragged along listlessly thrcuch the eariy afternoorv but in the last hour proceedings were somewhat enlivened by 1 an outbreak of selling in the Erie stocks which ..brought some sympathetic heaviness into oth er of the low grade rails. Wall Street, STew Tork, Xov. .Tb boawi narket was very dull today. Fan at the nactjvity was undouhtedlv due to the ' n -avomble news from abroad, which discouraged speculative buying for tit rise. Healings were i) a very email I acaJe and price chances " were irrernlar and witliont much significanoe- Toe most note wvr thy featvre of 'the day- waa -the ay ia whieb the fonrism bonds beU up with ihe late afternoon ia view of reports of fresh troable in the Near East. In the last bor the French bonds became rirach weaker. The acute weakness ia the rrmtinentaj exciseangea ilse lacked the effect it might have been icted to have. As a rale price tor loreiga issnes were lower, tint the loss wss sot large. Mherty boada were eery irregular, -with a tendency toward lower prices, i Nw Tork, Kw. 6 Following is an official fist of bonds traded in on Um New York ck exchange today, with price- up to sad including the rles of the market. Total ales today were 12. 42. OTtO, against IO.fMitt Satapaay, 14.21,000 a week age. S18.??.80w yer ago and 1 14.4 13,000 .wo years ago. , i - Hrora Janwry 1 to date. $3,717,459,000 suruinst S2.731.2e4.0SO a year ago and $3, !?3,372.0OO two lyears asw. UBEJHTY BOXPS Sales) In tlOPO CEKT1FIED A7TD CASHIER'S CHECK HOLDERS TO BE PAID Tividenda win be paid during the next two weeka to approximately 100 "holders of certi fied, cheeks and cashier's checks of the State Bank of Portland, according , to announcement today by the state superintendent of banks. The announcement followed an opinion ren dered oy the " supreme court sustaining a etvon recently handed down by Judee Tucker's court, giving holders of cashier' check and certified checks the same standing at depositors in sharing the assets of the de funct hank. Amounts covered by cashier's checks totaled 94AB9 of which- 11508 is charged to the tarings department andf $8063 to commercial transactions Certified checks outstanding ag- g re rate $2809. it was stated. The total amount due an both classes .of instruments in ST377. A court ruling fixing the status of drafta on the State Bank is still pending. FORKIOX ,EXCHAK0E HATES" Corrected dally ky the foreign exchange de partment of the United States National bank r Quotations below (eirept the pound sterling) see Quoted on the basis of 100 units foreign currency. 5 Opening nominal rates oa bank transactions: London Checks. Transfers Talue Ls sterling $ 4.444 4.4SH $ 4.866 nra, rrancs. ti.lj. ts.72 Belgium Francs... 6.27'i ' .2S Genoa, lira.. 4.12 s 4 13 At ft en 1 9 30 19.80 19.30 Drachmas. Copenhagen Kroner. . Chrmtiania - Kroner. . . Stockholm Kroner . . . xiorigsuus-"" Currency Japan, yen.. Shanghai 1.82; 20.10 i8:i 2S.T8 54.85 48.S8 M.20 1.84 20.15 18.28 BS.10 ' 48.35 73.50 19.30 28.70 26.70 ! CarauHaa dotlarr disisoont, fif H per cent. .. . - . . s .- j Foreiara Eehana- Market r$4.44 Krano cables. 6.74 : checks. 6.74. : I.re - cables.. 4.15; - .checks, 4.1 4 S . Belgian rabies. . . 29V checks lt.28. 'Marks. '. .0001 .new -low. tjnilder cables. 39. 18; - r.hacks, 89.10. Swedish, krrmin cables, 26.84; checks. 26.80. " Norway cables, 182S; checks. t. wraiB . . caorta. 0.1 3; checks. iO.lt Apple rlmart by Frost hiu Balmon. Wash.. Nov. . The frosts of lha past week, nave done no damage ia the orahewje- in this section of the valley, as prac ; twaBy a3 tha. apples are under ahelter in tne warehouses and packing aheda. A. K. ; Mills, horttcultural inspector, reports that the orchards will be benefited by these early frosts. aa it will have a tendency to- harden the wood . before the winter weather acta in. 728 Liberty 3 Vs ... 1 do 3tta reg ... 3 do 1st 4s .... 2 do 2d 4s ' i r,l do 1st 4?.i .. 30 do 1-'d 4s .. 1'44 do 2d i!ii .. 1". do 2-1 4 'As reg 1 154 do 8.1 4 hi a ao 3d t reel Ji do 4th 4 i s . . 1 24j Uo 4th 4 Ha regi 2S1 (Victory 4 '23 -'I do 4 s reg 112 do 4s '22 Hi do 4 s seg iUalA 4s liigh j Low j Close l138il108jl6120 109O 9860 11880 9898 100S0 9872 iooo 9860 9880 9918 100.10 90OO DH0O 916! !902 9r : 3800 993l) 9SU 910f 9890 t04a10034 . tioci;Jf'02 10041I(I4 999Si VlJlOll lOOOGjlOOOO SijAd Ki col tr -4 98 j f l'HAra Kmelt 1st 5s! II Am Sue 0s .... 8 -A T at T evt 6s 5j do col tr 5s.. . -4j rto cvt 4Hs. . . 23 do col 4s lOjA W Works 5. 14 Armour 4 hi j. 8-AtFrt sc 7s rt ef 14jAtl-llefry deb 5s l Kaliiwin Loco 5a, 8 BeU of Pa 7s . . 8jBamsdan 8 A. . 7iBamsdall 8 B . . 13 Beth Btl P M 5s. 18; do fls . . . . 3H!BrrH8t B 42 5Bkln Ed 6s B . .(101H x ;n iveam gen &! 08 V 87 Cerro I P cvt 8s124 922iChile Oop cvt 7s.lJ4tt 0fl7 do col tr 6s. . . . 97 IT. Com Cable 4a . . I 9T 17( ommonw'h P 69I 90 1O000 9860 9880 " 9900 10050 9872 98 06 H9O0 9890 0896 9890 10O36 1O002 1O004 9990 10002 98 W 93 S I 02 :i I 93 4 1O2HI102 ,102 117 97 j 1024 91)4 84 90 K 35 98 103 108 105 K 93 99 100 101 96 1204 110 96 97 89 117 974j 102 91 84 90 35 98 103 108 105 9 93 99 a 00 .:t'omp-Tab Bee 6l 97 9714 8!lery 7s ,99 5:iha ilth deb 7ijl9T 15LWQ LAP 6s. 141 do 7 s . . 32iK Cuba Sag 7s 34 KGAF evt7 s cfsi 3F 1 D deb7 a'42 12 13 " 81 32 12 31 .! 33 5 tien Kl deb tie do deb 5s G'rich 1st s. . G year Tire 8a 41 do Ms '31 GrayADaris cvt 7sf T Hoi A L 6s rets. H 0R deb 5aj 111 BtJ deb 44a. 161 Id SU 5a 102 17 96 M 69 165 11 161 116 98 86 9 94 101 89 107 102 107 95 94 89 105 101 101 11!T 98 97 88 98 91 100 117 97 102 91 84 90 85 98 103 108 105 99 93 99 100 101 98 124 113 96 97 90 97 99 107 102 107 95 94 89 105 101 101 115 98 97 86 98 91 100 Silntl Psper 5s A. I 88 5j do 5a B . :... T Jl IntMerlUr Ef af 90 .SU JUyser 7ai . ; .ll47 4;Keily pnc T. 8s. 1108 fijLwek Steel 5a... 91 IB.Uu A M 7s'44Jl IT r2 HagmaCop evt 7sT114 S ManSng deb7s cfj. 98 7, Marl O T ctfsjlOS 24 Mex Pet 8a. 1... 1167 1106 12'Mieh 8t Tel 6a.. 1 9l 99 K Uidvale St ev fta 89 I 89 10 Mont Pwr lsjt 5s 97 97 6 Morris A Ce-al 89 89 96!f ETA 1st! r 5s sA ...J...I 98 98 : SiSXEdCa rrf s110110 9!XT Tel deb " . 103 103 74! do gen 4 s,... 94 '94 22 do ref 6s . J... 14 104 lS'X. Am Ed 6a! rets 94 93 Vw f v Ss.. W U, 924 78Nor Bell Tel s. . Il07 117 7;pac a- - a r-4r i 5316 TAT refi 5s.l 92 7fP Am PAT 7s..il02 12:Pnb Ser X J; 5s.! 85 21iPAL Bug ct deb7sil06 105 165 105 03 94 94 98 I 98 I 98 too 100 U0 92 91 91 99 98 99 105 1105 105 101 98 98 98 112 112 (112 98 98 OI 89 I 88! 89 102 102 102 f0 90 I 90 100!100!10ftak 97 I 97 I 97 94 I 94 94 . .U0O JlOO ilOO s 91 I 01 I 91 Wesfhouse Ele 7sll07 ; 107 1107 31 Wick Hpen St 7sl 97 I 96 1 97 .jiooquioo . I IOO I 96 ( 9.1 I 5 10 103 103 lOIProd A Ref 8s. 8 Item Arm 1st 6A . 27:8In C Oil 5s. . 53 do 7s rets i . . . 26l8in Pipe l Ss cfs 9t.Shar St Hoopi Bs. 2l8 O Cal deb 7. . 7fS A T Co of A 7sil02 STnion BAP 6 cfs Iftil's Irug 8s 1 1 V S BealAlmp 5s 21 m S Ruk & 95TJ 8 Steel s f JO rtah Pow A 3 21Va-Car fhem 12 do 7s ser A 7 do cvt7 aA lOIWest Klcc 5s 3W r real eat 5s. L 5j 5s. I war 5Wilaon 1st 6a 7 1 do cvt 6s 15f do 7 s 87! 87 90 I 106 (106 tOTll7 91 91 117I117 114 f 1114 ; f' 97) 97 193 IMS 196 99 89 97 89 96 1110 , 105 i 94 104 98 93 197 91 93 12 85 WAUU STREET STOCK QUOTATIONS " ' '' r '. . ' Keported fey Ovwrbeck aV Cooka Cot ' ' i. '.''--"". '. 91 91 102 85 BAILBOAD BOXDS 38 A T A S F gn 4; 89 88 2 do adi it I ... I 81 81 75 do tr 8 V 4. . . 85 85 9 A C List con4s2 88 87 98 B A O 6s . J . . .101 100 7 do ref 3s 4 . - . 1 86 86 71 do evt 4.. . 82 81 37 do gold 4s 83 S3 19 do 4sPLEAWVd 80 79 2 do 4s T A C dv 88 83 20 BuffRP en 4s) 92 I 92 21Csn Nor 7s J. ..118 118 14 do leB Otis. .Illi-S 1112 CoiCan Pae 4a . ....J 80 80 24!C of Ga By en Ssl 97 97 20T Pac 1st ref 4 87 87 42'CAO evt 5a. .1 ... 1 96 I 95 17 do gent 4a ,. $6) 85 29!C B A Q ref! 5s. 10O 100 151C A E I J. - .1 82 82 2S 15 16 32 11 5 6 3 P OTtl C A E 1 !C M A tit 4s J... 70 do rfg 4JsA.i 65 do crt Si IB... 75 do 4a i. . .1 88 do deb 4s. J. . .1 64 C M Pug S 1st 4a 70 iC N W 6. . . 110 ICBIAP gen 4a.. I 82 80IG R I rfg 4s J. . .( 83 16ICCCAStL 6sAJ...101 ('leve Vn T 548. 104 7IColASou rfg a! 87 9in JL- It fl rmtl S. SOU. 13 do con 4a. . J . .. 76 STOCK MARKET IS HIT BY REPORTS ' 1 . . New York, N'ovJ 6. The I stock market was unsettled at the opening today. Steel common yielded t 106. Crucible dropped over 1 point to 76. ! Mexican ePtroleura broke nearly 2 points to 222. while Studebaker was 1 point lower (at 127 .! Beading yielded over 1 point to 81 and Jcthern Pacific dropped to 84. May Department Stores cont:nued its advance. Chile Cooper rose nearly 1 point to 28 . Curb Trade Is Bewildered by New Conditions New Tork. Nov. 6. Restricted1 on the one hand b ythe distroicting news from Constanti nople and on ithe other by the pmnpeet of an election holiday, trading on the erb exchange today fell to I very small proportions. There was scarcely any feature to the movement in individual stocks and in the ! ordinarily active groups price changes were uncommonly small. Even such an active tsroe aa Durant Motors during the .greater part ef the session scarcely moved at all- The net price variations were very uneven with little losses about evenly dis tributed. Standard Oil of Indiana was as exception to the aeneral rule, losing 1 crauad over a point. Magnolia Petroleum was in demand. The motor stocks held their eeoent gains. Todd shipyards, reflecting the wnfavorable views commonly taken of the. shipbuilding in dustry for the next year or so wm conspicu ously weak, declining over a poinV The new National Biscuit stock was slightly fewer. 69 84 74 83 63 70 110 82 83 100 101 103 103 87 87 50 60 ! 76 76 88 81 I 85 87 100 86 . 81 83 79 88 92 113 112 80 97 87 96 86 100 82 69 84 75 83 63 70 110 82 83 TEXTILE TRADE BETTER IN SOUTH By W. W. Thomas Atlanta. Nov. 6. The vast improvement in the Southern textile? manufacturing 'situation was summed up today by D. C Getzinger of the federal bureau of foreign and domestic commerce as follows:! Southern textile mills are running at full capacity all over the district, with orders booked far ahead for domestio consumption. and with foreign demand increasing steadily. . Quotations on cotton cloth are rising steadily ana plants are snowing nneasinesa over ac cumulation of sufficient stocks of raw ma terial. Sales of furniture and floor coverings have been especially heavy this week, and in dicate the popularity of such goods tor the . Owing- to stenat bat wr Salt Lake aid Dtmr, eartalliBa: tk press err. lr ariny the dart Tha Joaraal eaa, therefor,. t1t aaljr aa laeompleta re wart f Maadayg riaaactal transactions. "A" LUMBER DEMAND i IS KEEPING UP Building season, the remains industrial Wholesale Trade Of Dry Goods Gains i- - . - t r John V. Farwell of Chicago weeily review of trade: r- j ; The wholesale drygoods businesa for the month of October shows a gain over tb cor responding month last year in collections and the number of buyers in the market The general business artTuUion continues to improve with manifestations of better supply and employment conditions throughout the country. I i ' " " Low stocks of' knit goods in hinds of re taiilera are rellected in tha large aalea of underwear and other knit goods lines Immedi ately npon the change to colder weather. Milla' -stocks of seasonable Underwear' pee de pleted and desirablni numbers will be scarcer during the balance: ef the season. . A strong and advancing domestic cotton market continues, I , V - r FOREIGN NATIONS Pefe is a list of nations NOW taking! " part in Worlds Exposition at Rio 4g Janeiro, Brazil j Great Britain France July Spain Czeeho-SIovaki Chili Portugal Japan ' Denmark Sweden Peru Argentine Norway " Holland Belgium Cuba Bolivia Brazil Canada, ; 1 Poland i Roumania ' Urngnay Mexico United States If Rio de Janeiro can do it in 1922 . Oregon can do it in 1927 Paid Advertisement by Oregon 1927 Exposition Committee) REMEMBER . . To favor the 1927 Expdatidn! ; Portland voters must vote on TWO measures. v Vote 308 X Yes for state amendment v : -Vote 500 X Yes on city charter amendment. Both Measures must pass to make exposition possible (Paid aTertleateat by Oregon 1M? Exposition i Committee) ' quantities of lumber, hermen. . Therefore, unusually brisk for this trade is good and the railroads 'and car builders are taking large says the, American lium fundamentally, the de mand for lumber is excellent and buyers f are continually seeking tot place orders. The only drawback to trade, 'however. is that ihe car ahortage remains very severe in most of the principal lumber producing regions, with the result that shipments - are limited and deliveries extremely slow. As manufacturers do not have unlimited piling apace the volume of orders accepted must be held at the approximate level of possible shipments; and the result ia that many btsyers are naving extreme eif iitruity in placing orders. Production continues in . excess of either orders or shipments. I This condition is nart- ly doe to the desire lot lumber manufacturers to round out broken- stocks -a condition eaused by heavy demand this . year and alao by the deaire of lumber maaaaetureiB to retain their erganaraoona intact, j The average large lumber manufacturer 180 par cent of the lumber cut m this coun try is produced by large rnanufatureri) em ploys several hundred -men and it u a diffi cult and expensive proposition to break in a new organisation. Consequently lumber manufacturers are doing everything they e to continue operations npon as large a semi aa poaatoM in order, to give their men employ ment. - Some operator have already (one oa a part time basis, not. because of a, poor market but because of inability to make ahipmenta. In the case of one large west coast operator this action was taken after discussing the Question with the employes, and upon their aavtcaw ixunber prices remain firm. B1HK STATEMJT - OF . COAST Portland Banks 1922. Clearings Hon. . . . J T.121.4TS Balances Moo. . . . 1.782,S . 624.100 1.72.t83 . - Las Ananias Bank Clearings Monday $18,753,806 San Francamo Blanks Clearings Monday ; -128.800.000 taanle Banks Clearings Monday 77. . I 5.699.908 Balaacea Monday i 1,881,496 - Oakland Banks - - -Oewinta Monday ..t,.i ... . . . . f a.lSMOO Taaoma Banks Moaday'a transactions ... . ..... 8 S.lfil.OOO Liater 8ttaatka I Bettar -' Dee, Nov. 6. Snperintendeni J. W. 'West of tha Oregon Iumber company reporta matters anoving rn a more aatiafactory manner- than during October, traea un pasnc was teaeed so close) nine days owing to eeavraty et proper help, : and - that awrmg aaouaer nma oays tt Was ent of the unaiiiiiaa to aeture anffieient ears with wMeh - to aaea taw predwas. Tha Ht. BoodV Railway eccapnny had aofficieat cam to carry tha product a far. aa Hood Eiver, pat ita ear- vm aot aB0w4 to bot ato ether Una. . - asf . I TZ - r? m n ' Rnilianv E Jre hm va .y , Hamftar Caicara Beara at TzaaU - stocks ! ec::ds - tm canca E.F.Hutton &Co, ' vbjcbzbs Art. ruracrrAOa Solicit Iaatiia AH - BacarlUaa Adama xpeaa . . . . . Agr Chem : . Austin Kichela Ajax Babber A tasks Uold Alaska Juneau Allied Chens ....... Allia-Chalmera . . . . . Am Beet fisgar . . . . . Asa Hooch Am Can C ....... do pfd J 4 ...... . Am Car A Fdy do pfd v.. ...... Am Cot Oil ': . do pfd J. . .' Am Prog Am Hide A Leather . do pfd J Am lee Am Intl Cioirp ...... Am Lrnaeed do pfd ,j! , Am-Loco do pfd j; Am Kiip at Corare . . . Am 8af Raaer ...... Am Smelter do pfd Am Steel Kdy Am Sugar . do pfd Am Sumatra ....... Am Tel A; Tel Am Tobacco ....... do "B- Am Wool- do pfd Am V P pfd Am Zins ......... Anaconda . Awiociated Oil Atchison . . ...... do pfd Atlantic Coast Une . Atl tiulf W I Baldwin Loeu do jfd Baltimore & Ohio . . do pfd Barnsdell Corporation ao ---- Beth Steel B" ' ', Booth ITish B K T ....... Butte C Z Butte & Sup Burns Bros "A" ......... . do "B" J . . Caddo Oil "" Calif Packing Calif Pet . do pfd Callahan Zinc & Lead Canadian Pacific Central Leather .., Cerro da Pasco Chandler Motor ... . Chicago N W .".'.'. Chicago at Ureat Western Chicago & Great Western pfd.. Chili Copper t'hino .'. . C M & fet Paul C M at St Paul pfd Coca Cola C O . . coio f & i ; Colo Southern ....I! Colo lias A Elec Columbia Grapbophone Consolidated Uas . . . , Cons Textile '. . .' Continental Can Corn Products Corn Products pfd Cosden Oil i C K I 4k P O K I A P "A" pfd '' K I P "B" pfd Crucible . . Crucible pfd Cuba Cane i Cuba Cane jpfd Cuban Am Sugar Davison Cham . . . . Delaware A Hudson ......... Iielaware A Lackawanna ...... Dome Mines Electric btorage Battery Endicott Johnson Erie Erie 1st pfd Famous Players Fed Min & Smelt do pfd .! Fisk Tire en Cigar ien Electr 18 82 82 18 H S i T4 44 ,8 87 H 73 t 110) 18 124 28 47 . 12H 70 t 108 81 rr 125 121 22 7 58 H 102 44 7 17 S3 124H 154 151 97 109 2H 17H 50 117 103 92 H 118 23 130 S 118 49 62 82 . 21 69 7 18 8 32 132 48 83 62 92 8 145 38 39 1 80 4 12 27 26 28 55 78 74 30 47 107 3 137 11 94 128 122 48 39 78 88 76 94 12 36 22 82 131 135 48 53 86 11 18 4 11 56 12 70 177 Gen Motor L 14 tren am o Ren Asphalt Uliddin Paint . Goodrich T A wien Aiaen G-rsnb'y . . Great Nor do pfd I. . . Greene Canines Gulf S Steel .. Houston Oil Hupp oli' '.".-'.'.'. 83 56 12 32 65 26 35 90 25 88 80 Motor 'i Ills Cent . .. 110 a.iiiniuon 3o Int Agr Corp com , 6 do pfd 81 Interboro ; do pfd .' i ni - 185 Int Merc Manna 12 do pfd i. 51 Int Nickel j. js lut Paiier 57 Int Comb Eng 25 Invincible OH 15 Island Oil , i Jewel Tea : 1 9 K -C Southern ... . 2 1 do pfd 54 Kayser J . . ' 45 Kelly-Springfield 41 Kennecott 35 Keystone Tire 6 Lackawanna Steel ....... 81 Lee Tire . .t 25 i"ign vauey 91 Lorillard 181 Ixiew Theatres 19 Ijma Ixico : 58 Marland Oil 83 Maxwell Motor "B" .............. 15 May Stores 1 . . 164 Mexican r-etroieum Zzl Mexican Seaboard ,. 19 Miami 26 .uiaaie states un ............... 12 Mid rale Steel 81 M K A T wi 16 aaca 1 roca- 54 Mont Power! 70 Montgomery i Ward 22 Missouri Fsetftc , 184 do pfd I. 54 M 8t P A 8 8 M 68 National Biscuit '236 NationaT Enamel .......J........ 67 .-tauonai Lieaa 114 Nevada Con IB New - Haven 28 Norfolk A Western 119 ortn American- 95 Northern Pad tie 84 Nova Scotia Steel ................ 81 New Tork Air Brake 83 .lev iera tjentrai ................ 98 Printing Every Purpose Scyjompany 3 ;---.':. y . rTRST AKD OAK BraKwiy 4441 I I I BIB fIOYerfceck & Cooke Co WaW Mcaa-asSaf a Tlia, -v Biin va . Trade Bta -rrUana. ranalilia, Ora, MfaO, wafsa, VMMk. -stocks, bc::ds. : E.m'i iiKo cflnc.i; BXBKCT a BIT ATX ITUtXS Lbran & Brysm nW TOBX AJTP CHICAOO a . , g . a a a a a a t -! a Oklahoma rmd sUf ; . fh-pheum . . - i . i i ..... . . Ontario A W astern Otis Steel ....... 1'acifjc lev ..;..........-. t-ae aa et JUea. ......... . Pfn-Jm Pet. an s . . . i . . v. . . Pennsylvania ...... i'enn gea Steel . i.. wli was .... . .-. ... x vtv aaerqueise . . ... ....... Philadelphia- Co. ... Pierce-Arrew . . Pierce Oil . Iitts Coal . Pitta A West V . . Pressed Steel Car fanta Ale are . . . Pullman . . . , Pure OU Bay Coaa . . . Beading . Kcplogle Steel . ; . . Republic I A A . . do pfd Itep Motors . . . i . Royal Dutch Oil .. By Steel Swings . Saxon Motors .... Sears Hobnck .... Shatttrck at Ariaona Shell T A T . Kip-lair . . . . . . . SloiS Sheffield ... Southern Pacific Southern Kail way bdo pfd Standard Oil of CaHfornia ., tandard Oil of Indiana . ... Standard Oil of Sear Jersey . . . Standard Oil of Kentucky .. St Louia A San , Francisco . Simmberg Carburetor frtude baker ......... Saitt A Co Tenn Cotiper A Chemical Texas Oil ; Texas Pacific , do C A O Tobacco Produtsts . Trans Contl U Inion Bag & Paper l"non Oil Del I'niou Pacific Cnited Alloy , Cnited Irrog - L'nited Food Products ...... United Fruit ,.i l'nited Koads of N 1 United Koads pfd' . I njted HeUil Stores U S. C I Pipe , V a Ind Alcohol V S Bobber , " do 1st pfd j. U S Smelting , U 8 Steel do preferred .......... 1 rtah Copper Virginia Chenalcal . , do preferred Vanadium Steel k Vivaudew .t Wabash .i , do A preferred . . . . do B preferred Wells Fargo Western Padfic ........... do preferred -. .......... . Western Union: ........... k Weatinghouse A B Westinghouse K A M . . . , West Md White Eagle Oil A White Motors . . . White Oil Willys-Overland . , do preferred . . t , Wilson Packing . l .- Wisconsin Central j Wool Worth ;.. Worthington Pump WALE . .! . .... ...... . '14 52 ''23 9 j 84 - 48 89 87 48 3 34 45 R9 87 84 44 128 29 18 81 ' 26 49 84 1 54 115 8 - 85 9 83 82 44 92 24 123 119 211 109 25 52 126 1H 9 48 2 22 53 14 65 1 145 34 ' 76 8 154 12 2d .80 29 66 52 95 89 106 121 H 26 63 89 14 10 2 1 ' US 16 59 110 96 60 5. 14 31 48 5 6 40 40 28 204 - 33 103- AUTOMOBILES Cleveland. Ohio,! No. 6; Many motor car manufacturer! in this section; now are on a maximum schedule One maker of a hlah priced car ia operating on a 10,000 a year basia and is "booked with finm orders until January 1. Ninety per cent of the present business is on closed cars. POULTBT f, San Antonio, Texas. Nov. 6. Thanksgiving dinners in, Texas will be somewhat short of turkey this year. The present indications are that the turkey crop will be shorter this year tnan last. PEOPLE OF U. S. ARE BUYING 111 E tha ' V By J. O. Reran - ' fCorvrieht. 1929 bv The lonnull New Tork. 1 See. B. Tha naela rj United States aa a whole are aecoaamnri.Hne Uteaaaelvea to improved circumstances. , They are- noying aaore. se lecting bettor analitv of gooda and living en tne mgnex puae which nniveraal emuiorment. higher wages, better eosw-eat oondiaocw and larger irirretment "re turn Justify. - After a period ! of strict economy and stubborn opposition to prices demand : is broadening to take ' in the field of luxnriaa aa welt as necessities. : The trend has al ready made itself felt to wholesale and Jub btng circles and is be ginning to beeene P sent in the gooda now now oa tha counters of 11,1 '"" tfoii - J) tiM retaiicra.. ' -i Saylnga log Thia hears none of the earmarks of extrava gance, however, for savings depoaits are iln ereasing tn. practically every section. The m aemand stiU tot necea-ities and artielaa of staKtutillty but the call i. for a better grade .usu ji, ui pass two eatner changes in. the last few dsys have been most favorable. Rains have helped the stock grower, in the West ad Southwest and have added to the efficiency of hydro-electric planta which for a tame were taxed to capacity on aceonto of low water. . Fan plowing la in -full ewng and while farmers are buying with eaution, their parehaaea are extensive. -I Thia haa not followed tares profits oa this yeare eropa axecpt ia the eeite- of the cotton planters. It has resulted from tha fact -that agnenltttrista used their first cash to cleat taamsMifea. af debt. , .. ' . . - ; -. - ..t g One Wavamwal aValna fuahed , : The ore movement is Being poshed to tha nt naoat and underground iron production ia ex pected to continue anabated to the Northwest throughout the winter. , ..- - -:(: " Babber manufacturer arc preparing for tha biggest year ia their history in 1928 and tha recent advances in fabrics and rubber art caaaing talk of slhrhtly higher tiro prices. ' . JTars are in heavy demand and poepa ration era being mad for an extensive trapping rea son o. This is especially true of the South, which produces a. large percentage, of the fur cumaaea bums country,. . Court of Dispute -For. World Trade Is International Kstabllshment of a court of arbitration for the settlement and adjustment of commercial di putea between traders of different coun tries waa announcd today by A, C Bedford of Washington, chairman of the American oset tioa of the International Chamber of Com merce. Tha court will function independent, of all agencies) established by governmenta and ia designed to aave time and money to the principals to trade disputes. --1 The plan for an - International cwsurt of arbi tratiea broadens and correlates the functioaa of various similar agreementa between ex. portera and importers which hava been in effect for many years, according to W. II. B. Dodson of the Portland chamber. Local ahippera of wheat and lumber have had arbitration agree ments with im portera in England .and oiheg Kurrtpean countries for many years and are in TURKISH AFFAIRS - BEAR INR NEW YORK BOND TRANSACTIONS . - Ji i .Reported by Tha Josrnal'a Wall Street Bureaa . , aympathr with tha broader plan proposed by the internatlrnal chamber. " .--: Th Aaaeriean "groun of the ennrt of arbi tration convWta of Owen I. Towng. chairman of the board of directors of the Uenoral Klec tfe compari.v ; Nawton IV Raker, president of the Cleveland Chamber of Commerce: Irving T. Baah of New Tnrk. It. ,VRhett of harlton. S. C. ; Henry M. Robinson of Im Angeles. F. . .7?" fwiston. T. R Wilson of Chicago and Kflgar Carolan of the International Jen erml Klertvie- amm... e r. - . . t ion of the eoart will he .directed from the besdquartera of the iaternatioaal chamber at ltrhv-",r:.-'H f j...,.. .-.v,V -y'!"JrT rt have been name.! hr tha following conntrlea be-idee the United "totea: Argentina. .V-tria. Betsrnwa. Bulgaria, Costo Rica. K'a-eho-sw.vakm, Itenmark. V thcnU. . Jrwt liri-aln. 'ireece. luato mala. Haiti. Indo,T,ia. Italy, Japan. Lnxem- t""!" nr,,iud, Nwy- Pr-land. Portnaal. nain. Soadati. Sweden, Swttxerland. Vmm c-f South' A rfica and Jacn-Slavia. -.. Te trlng the rwart te tha attention of bustneaa-waeu thruueh-. out the-.' world the executive c mmittee haa arged that al trade r rna-rt a clau-e in their international ron tracts referring all disputea to arbttxatsoa (under tha rules of the court. i titbit, AppU Exhibit Rraay. for Shipment ; White Salmon, . Waab Xor. 6. A 'fine exhibit of. apples, ia trays, as wcU as a rplen W amy of j plat fruits, VwlU . be ready foe shipment to jSeattla ' on ' Monday to be ex hibited at the Northwet Apj.le show to be held there starting the 1 1th.: Big: fiale oh Coats and Suits The; Fa m ous 355 Alder, Corner Park We Offer Our Unsold Portion Marine Equipment 7z First Gold Serial Bonds Williams Steamship Go. iii j 5 YIELD - nnwMRswpiminitMR $700fi00 issue secured by an absolute first lien on FOUR modern freight steamships, and other properties valued at $3J12297JD0, after giving effect to financing. I THIS company, the owner of four modern freighters, two of 8000 tons and two of more than 10,000 tons each, is doing, a highly profit able business. It operates between Pacific and Atlantic ports via Panama canal. "lESSELS fully insured land at all times insurance must be 100 in excess of outstanding bonds. Annual net earnings have ranged as high as $693,000. For seven months of present year NET. earnings over $358,000, We suggest immediate reservation, as our allotment is limited. Broadway and Oak BOND DATA Due Serially 1923-32 $1000 Den, 0 vV mmm . -Interest ! Semi-annually Company I -Pays Normal" ' Income Tax mmmm hankers Trust Co. NenfYork, Trustee tmuHHaiim . ? I J i J I PRICE PAR j aigaMgWa-a- '" ' 1-1 ' ' , . , . , ... , , , . , , !. n ... ai .. i. .. i i , j. ' (- - ' ' ',- -' ! : " :'- - - - j . - . - i , . : - ' - '. ! "- $18,000,000 Republic of Chile External Loan 20-Year Sinking Fund 7 Gold Bonds , Not Redeemable Except for Sinking Fund CHILE Chile rheia had an excellent rrextil record for lover 80 rears. Official record dis close no delayj or default in interest payments on exter nal debts. By consent amortization was temporarily deferred inci dent to the Wtir of 1879. I I . . t Ten reptresentative loans were quoted in Lohdon on October 20, 1 922, at prices yielding an average of 6.2 per cent. ;:;'. ' Chile is the largest nitrate producing' j country in the. world and the second larg est producer of copper. In ' the diversity of its devel oped mineral and agricul tural resources, Chile com-' pares vejry, , favorably with the leading nations of the world. ' I : ! 7 7g ' . ' ' The national wealth is more than twelve times the total national debt of $257,730,- 000 i August 31, 1922), a? per capita aeoi oi 0.1. , properties are d,uuu,uuu, or 1V. sif . f over : 1 ya times enure nauon- THE ISSUE Dated November 1, 1922 Due Noveknber 1, 1942 York City, of the holder.: State-owned valued at over l Va ti ? t Interest payable May l and Nov. i, coupon bonds in denomination of $1000 and SS00, registerable as to principal only. Principal and; interest payable in United States cold coin at the National City -Ban 01 new Torn, in new in time of war as well as of peace, irrespective of the nationality Exempt from Chilean taxes, present or future. The contract for this loan provides for a cumulative sinking fund of 2 per annum beginning two years after date of issue, to be used. to mirchase bonds at not exceeding 100 and ' interest, or, if bonds are not obtainable at pr below that price, tn rerlemntion of bonds bv lot semi-annually at 100. Thfs fund is sufficient to retire about 70 of the issue by maturity. . These bonds are i the direct credit obligations "of the Republic of Chile. The Chilean government covenants that; if in the future it shall issue, of fer or in any njanner dis pose of any bonds or contract any loan secured by any charge or pledge on or 6f any of Its assets or revenues, the service of this loan. shall be secured equally aid ratably with such subsequent issue or loan. . , - i V77'7 The proceeds of the present loan will be applied jrincipajly for the purpose of ref unding short-term loans ancj provid-. ing for public works.. 1 r i , t ;f ., We offer these bonds, if , as and when issued and received .. 5 . by us, subject to approval of counsel. Delivery in tempo- . rary form ts expected . on or aoom ivovemoer jva Price 96 and Interest Application will be made to list these bonds on the Y :...-) New Tork stock tzchange. Descriptive circular containing further information will on request. Foreign trade in 1921 was $301,145,600 or $75 per capita, compaared with $65 for the Unitekl States in the be supplied same . - 4 1i ear. . The National City Company National City Bank Building; New York ' i Yeon Building, Portland. ' 1 Telephone 6072 Main' , Offices in more than SO cities in the United States and Canada 'The taformaUon In this .dvertlsement. ha been obtain partly by cabl from t flcial Btatementat and statistics and other aourcea which w consider reliablex, Ve do not ruarantebut believe It Uv b correct. Statistics received In terms of th Chilesvn" sroid peso have been translated at 3CUe U. S., and those received In paper - pesos at sac U. a. 1 " -1! I 1 f k ", ' "