YEAR-END : TJQUIDATING MO VET.ilLr JT . FGJi SECURITIES IS -INDICATED IN NE7:.YGrtII ST
- a
a
-
B11LLI1HENT
LOSES INFLUENCE
-: U- .
. -. i- v . aw atoart Wast .
Wall Ptrret. -New Tartu- Due.- 27. The
asential difference eetwaen th stock market
today and taet etoer-.day ft Um iwit
nut was tut ooera-
twu lor tne IU flw
not , anew - aba auu
- - X 1 the fajnoeira which
- Hku neon oinfo,a
S monUi appeared to o
, j loam- headway. jutt--j
V. i ian sales in the ib-
5 oiwnaa ' a u acuu
- ? nawidetioa in aocne f
.1 the railway shares vara
(OMIMtOM ti
7 I - Such - a. market fa
altocether typical ' of
toe -cMaoac weea a
j ok year. In toa past
: hixh money rates bar
Wen a cans. T TWs
Uiw there is no
fer. hnt there is tba
a ma inclination on tba
- pan of tba (iraa and individuals to bare open
aoeooarts eland aa ausca aa, poaeieio wri-
j year cad. -. . :i
Cotton oid another new Men early ta ta
day. alUtoncb also profit takin- aude . itsell
,rflt-in-th later movement. , Mtarnnc -f
chance want lower .and , was off nearly 6
Mnti frfm th vacant ton - Ttris wan a rflst-
' tor of Interact in view e( the utewdon that
t t h British treasury- was awjearoruia to ln-
rraasa toe cold parity, before tba debt rw-
. filnciin iwntatwnra .C Whtllrnr. If titer?
was anything in tbia theory en would expect
' t have seen- the upward movement reacniria
it cmateat intensity . in the week which re
mains Before the antral of the British com
saimioa. , .
"ranch Esshme Weak ' ,
V" fVeneb'exchent was quite weak. Mm off
'more than quarter of a cent from the tain.
Italian lira went lower also whiie German
. nurkveold .at 1 18 hundredths of a cent, as
' aeainst the hich'of almost two ene-handredtha
three weeks' sao. Tins showed that tire tnter-
national haakine coaammiitr -was not taking the
' sanw yoyfol -riew as was the Freneb press orer
1n aetk of Italy ana Ieiiue m aaempaos
- to swine ta the French side on. the question of
- declaring Germany - in default of reparations.
- To be sura, the-action of the reparations com
mission refers only to the failure of Germany
' to drliser tha stitwlated nota of. wood; bat it
seros . to be sicniflcant of . what the attitude
will be on larger matters.
: .1-. ajaldwlsi loonwUva Us
.. Tha atvk market today nuraned a' eery un-
: artn course up to mid-afternoon. t the timeJ
' in early afternoon when sarmptoms of a reae
- ti on were appearing In the general list, Baldwin
Locomotive - waa taken in hand and rushed
up to a new high. This may or msj not hara
. been Intended as a demonstration that tha
ponla had not lost their grip, but it had the
effort of halting tha selling is tba rest of the
Industrial sertion. -
. RaM Utemants stetUr .
4 Mors ratt statements for Norember earn to
. hand today. They ooatinnued to show sob
atantial inenrgasa both in cross and net orer
the same month lart year. . But as a rule,
, railway ' stocks and bonds were unresponsira.
la fart, persistent selling went on in. such low
r rrieed issuea as.- the St. Paula and New
Ha rea. ..... .- .... k
Hugar stocks stood out strongly. aU day,
" testifying to the confidence felt in tba sugar
trade that 1923 wiB sea higher prices as tha
logical eeonenee to the stronc statistical po
sition in the sugar- industry. , . -.
Tim steel trade reriewa for the week were
' ".quite as otttimiatie as they hare been at any
" tuna, tbia season. December usually a dull
month, has seen an exceptionally large bnsi
.. ness, and tl. milia are. booked ahead for
tlis first quarter of the new year. Yet tteeli
(treks, for the moat part, did nothing in tha
market, explantioo . being that Wail street,
' while admitting the big Tohima. is notLsnre
about th profit margin, which tba Snell1 eom
Vemes are getting. - .
Realizing Tor ces a
General Reaction
v In Curb Ouotationis
.V. " ! 11 I
By William P. HefTeman
fc"Sew yr1rrTlre?rTtTha'reron which
art In- just before ' the close Tuesday eon
tinned throughout the. greater part, of the
curb trading today.- Frofit-Ukii'ig Jn many
recent leaden of the oil and industrials
brortght about lower levels anS , had .' an un
settling: . effect udob other : suction of the
..Durant vm featured .saw-' trading in the
Industrials, . hear realisiac- sales, resulfins; -in
sham rrart5rt , in bothe . the Delaware- and
Indiana shares, for tha first 'time since-' tbe
eaarpaigB for higher prices started orer- three
' weeks ago. - Bsre - In . on or two.', tnstaacea
other of ' this trouji 'morad ' aympatheticaily
.with the Intrants.'- 'Mercer "if otors ran 'into
tatber large.. Beijing orders and , lost a good
part of the recent gaia ., ; .., , -Hayes
. Wheel -waa- an- eicontion and hrld
firm ia response to report -that tn eompsns
t about to take over .the- Imperial , Wheel
"onmpany with plantajtt Flint. Mteb,''- Thti
aequiration wiH bring rlayes , Wheel "clcSar . ti
some of ita- Isrge eustomers. tncludmg Buick,
Cherrolei and Xursnt. V Peerlem Uotori waa
gunther. exception and -.jesched better prrce.
Realizing aalm . brought A about aeceesk:rt
-frewi the h'rrn ( the previous day i- such
stork as 8outhera Proetio. Imperial vii .of
Canada. Buckeye' Ptpeline.,. and , Houth .'-JPena-arlrania
Oil. the blt - drrbnmg B points be
tween .- salea, 1 SUndsrd of Indiana - 9- -
; t'alifornia. Sew, and. n aventacky - baic
displayed better rdsuncv-' s -' .
. Southern States Oil and Msracsibo . led
th . daclia ' in the Independent ' oils, while
Mootmoth HI advanred abarply en fhort cot-ennc-
Seaboard Oil and ties heid firm,
reflecting th cmopletton. ,of i( Whittenbunt
weU in tha Carmack pool in Texas. Gulf
(H! of Pann.ylTauie started higher but . lost
thK early gain in th afternoon. J..1- 4,
Mining aha re wet., again active but wera
extremely- Irregular. - - -
Vertienfes
Sugar Company-.
7 Coupon
Due 1942
Offered At price
. to yield boat-
. .7.25 5k
'C to natfrity .
Clrewlar deserlptJv n
ef this lesnarwiu h , . i,
M. rqaesU 1 4 '
The National City
' Company .
OfTlcnc tm saora Utu M elUn - '
Yeon Baildinr Portland
.Telephone 6072 Main
- ffeawa a. t t f.la. . O
231 Kauway exenangm
aigahr Chigncu Baaurd nf Tr,u
i-STOQXSc::DS-:-":
i?v iiuttdn & C6-
MKlfBFX Alt. FTtTH-CTFAV .
sVoUe laeiTriea All tVwCOl
- tearlii - - -
NEW YORIC BOND TRANSACTIONS
-. - .- -Bepocted by The Journal's Wall Street arnreaa - ' - .;-
v mearwa T M
- Wall Street. New York. Xee. tl.- With
only a : few snore days before the tradraona!
January ' l' minreaunent demand . asakaa its
appearance- - in - th -bond market, prieea to
day acem stabilised around jpresent levels. -
There waa no great pressBre apparent any
whera today ia the Kst. r Even ta railnmd
bonda, which hav been dechmng under th
htfluenca f wnfaeorabio earninga. -showed aai
f nrtlier Ireeea : and . neither waa there eeidenea.
of any desire - to big prions up. This was re
garded as a eery healthy rendition. Probabiy
th best bnyinc for the last week or ntaee
has bretl that of the- iosunnr companies.
Ono ef th notable teituira today was the
sharp advaao In New Tor. Wajtrheiter aV
Hoeton 4Hs- - Ne reaaca waa given tor the
hitereet abowa vin this bond which ia guar
anteed by tha New Haven. Anboogh secure 1
by first Ben on bigiily ealnabls- - property.
rhaxses hav not been earned in recent yearn
and tha ew Haven, has been compel led w
sun up-th dfieit. trt waea dM a htue
better - and , th market seemed - tU to take
ear of ad th SC. Paal - offerings without
any shading of th lane. " The. rJt, : Paul's
nroblem seem to be In reatoratwn of its
credit in tarn to mart the 'maturity en June
1. 1&2S. of the approximately $50,000,000
Kttrnpean loan 4s and gold 4a da on that
eat, With a couple ef years of good earn
ings thia ought" to be poaaible. Iowa Central
4s, Seaboard Airline K bmh ihowed th ef
fect ef what waa mvAabrs aelltna foe th rmr-
pee of . reecidiiig Mses -, This'' prooeas wUTt"
end the week. It win be euier -after ' tlte
first of the year to estimate the-, atatoa 'U
arwenlatrva bends : like - thee. Denver V Bio
Grand refunding 4s and - St. Louis, San
Franemeo adjustment jlso- sold lower.
amonf the higli grade bonds- General
tloctric debcBtara fis aoid down naif a point
on . very . arc dealing, f Evsn at today
price th yield is very small. Probably . the
ebngxtiom of ro other Indus trial, ' unless it
be l.'nited Stat" Steel. ' are "c greater de
mand among investors U-.an those ot the Gen
eral tUeetric Testimony to this affect tnay
be found to the extraordinary - high price at
which the General - Electric special stock sells.
4'hieago ' Union Stations t s. another - very
high' grade tome. -ec-H up point. At to
day's "price of J. 15. th maturity yield Is about
CH per cant, but th bond are redeemable
at 110 on and after January 1, 1S5. which
would bring down the yieki to a very much
lower figure.- Terminal -bonds generally secured
oa real estate are tri high tavor. .
Copper oonrerubio Imiiea were weak in syr
pathy wfth copper storks. V. B- BeaKy s sell
ing at "par made a ,new higlW record. Manhat
tan Elevated - 4s advanced f ractioaially. n
troit River Tnnnel 4 H adranced over a point,
The guarantee by tht. Uichigan Central akme
is - sufficient to make thia- a -high grade if
soe even not corioerinsr th valuable prop
arty nnon which it is first Ken.
Liberty Minds, alter their show of strength
tor tie lest few weeks; re&cted today witbtat
any known tea son. Except forth 8 Hi, they
sC sold below par, including tiia new tres-
ZJ 5 - t.. ... .
?ew Tork. Dee. ST. Following Is an offi
cial list of bonds traded in on th New Tork
stock exchange today, with price, no to nd
including th elose of-the-market. Total sales
iy were 14.t0.00O. against fll.84S.-OO0
yesterday. IIS. 714,000 a week ago, flT,2l,
00 a year ago and 2. 788.000 " two years
ago. From January 1 to data 4a88.30S.0O0,
against 83. 38.3. 153.000 a year ago .and 88.
8.78S.00tt two year agV i 7: '
IJBERTT BONDS
Sales, f In $1000
1145
2
'1H
221
1114
Ii
594
12
R
. 124
21
S
V SUbS Ms 83-47
do reg '82-47. .
do 1st 4a '82-4-T
do lst4s-82-47
do 2d444s'27-42
.24ji reg
27-44 ... ..
do 8d4'28. .
do - 3d4 fcsrg'28
do 4th4Hs..'88.
do 4th4Ksrc"88
ot vie li
m 4 i rei
High I tow ! Close
1008 10070 10088
1O002 10000
020 M20
0008) 88
.8421 8828
812
8808
80
0884!
870
8 11)040
sa i nnas
ICSofA 4 4 7-82 100
FOREIGN BONDS
1 1 Argen tlone s "5 8014
llj do 7s 27 . ... .100 H
1 6iBeIgiun' 7Hs '451102
601 do 8s '41 ....JlOtta
18 do '25 ... .1 a
0 1 Bern 8s. '48 v. 1111
:IHohTia 8s '4T . I U:t u
13;Hordeaus 6a '341 73 V
L'2 Bmall A .'41 . hit
SSH'Brsxii 7Hrcts'52 M4
.(Chile 8 '28 ,V.rjl01i
42 do 8't4f l OS
S do 8s,fs '48
o ao ts ls 42.
8 Chi Gov Rt S. S1
20iColombi 6Ha'27
ouitiopennn 5s44
! 3)1 -uoa, os : .
t-uba 4 Ha '49
12'Caeeh0Klar8sc8rf )
20Dan Tttun ScA'4 6
- Denmark 8s '4 ft
, - 2i:lienmark cts Os
ISfDept. Seine7stc'42
t 4jDom . Hep 6t.
SO pom of Can li
notes '2 v. . .
-V 85 do 5s 2
11 do 5s '32 t ,. .
i.I o os 1
P7
S5S
1!
itrt.
99
82. ,
'41.
87tUtchEIrcqi s 471 93
3
44
8H
3
B3H
71
53
l1n
88 14
lt2
0i
.
754
1084
102
441 do rets a
138iFrnch.7Hs
assi oo 8s '45. ..,.
; 2iabuiu- 'Ar..!.
; - dWdnw.lat 4Ss '25.
r 23f do 24 4Hs '25.
-J 8f do ster losn4t 81
2fl l.Tone da a :
- Ml Maraeillaa H 'i'
1jlexico 5l :45. . .
7 Hi do Urge 5a '54,
11 do 4s '54. ... . .
. 2 Montirideo 7s '52
r 4i.-vetner rcto e '32
12jXorway Saj'40..
9i do 6 etfa 52. .
. l'Porg Aleare-Aa '!
!Tag -7 Wseas'a.
. SiQueen.lsnd 7s. '41
i9 d.a..rjrsV47.'
, w e oa v o ,
87
8 rf 'Z . I
S'Sao PaoloTTtrJ.Sl'j 8
oa arate. mm mi j
V, OiSweden 8s '9,
' ItTokto 6s"32l..
iiu k. ts-'H.T::
114, do 0 He '37
108
50 Vs
7
8214
111
82
78
08
flOl
103
I I
78 -104
118
71
113U
04H
9812
888
8876
884
8850
1O086.
leooa
980
80 14
10014
101 4il02
LOO -14 101 H
T4 97
lit
2
78
98
964
1.014
tjoa
104 1108 W
8
30
90
98
82
88
108
109
98 1
88
si
181
99
99
9$ -8$
94
S5
98
71 y
78
78
52
88 i
91
'8U
rui
.
98
75
108
102
97
l
??
78
104
118W
7l 4i
1 13
10060
9920
9908
9828
9812
888
989
868
9852
10038
10008
8990
80
J
96
; so
90
.96
82
1V88 . .
1084
109
98
88
85'
101
99
99
99
93
83
94
98
96
'-98
98
71
8
78
82
51
68,
91
98.
112
99
98
. 78
108
102,
?
: 9
98"
71
78
104
118
71
tll
108 tlOS
1 oj5"!? H'SZ '! 1 m Wil 06 (1 OS
lf) do 4 '03. IIOO lt iloft
BOM " - "
B
Si
A A Cheni7s'4l
do 1st
ev 5s "28t 99
Am Cm cmi k ai
4 jjstnt imertlat5a'47
woiAm
i Am Sue 6s '87
A TAT evt a 25
ao col tr 5a '46
drit 4 .
do col 4a '2a ..
A w Works 5aH
a Jrr. p a -so
xautn v M est Sa
t rets -47 ttt . .
Armour 4 9
iAU Fruit est 7
- ota eta 'i
IAU Ret deb 6s'371
neii ol la7 '45
tseta mx ref 6s'4
do P M As '36.
do 6s '48 .
IRrHSt 8a'4T y
nioaiyn r.a gen n7s
rJ mer'Q 30 .-.
9 Bhln E 7s D '40
i no oa 40. i
? Bkm I. n &.
no. os ,
9
48
2
19
..- 1
to
23
IS
-i.a
-'2
.8
85
B
: Ens
Sen
5
7s
eoi
42
92
97
8 5f Sfc
1134
' 7tC rl J eat. t.
, JOSjO 3op evt,7a-28
v 48j do ral tr
- eux lad s -34
-yi 103iOoaa- F 6a-MTT.
i;ityf j
. f ci aid o.50
i; - U w do Is '80
: S'Cuh Am Sg 8V8i
- ' 4 :Du Gas St tl.
- iSl1. "? 0.U04
- 121 dat rtm X. 'An In. ,T
T 4 s -61
"" crt 5a 27..
- . D d X 7s "31
- v - . r i ij.
SS'K C S 7a '37.
SRiEGF et 7a a'37
R u sa 41;..
7 Ftp dew 7 '42
i :r i-r a ts
- ,3 E deb a '40.
do deb 8 -SS..
; - do tt s ra '52.
sin. irt SHe 47
a .M T aa -41. . . .
F P S. is
, - 3 et en '48..,..
".;:.; A I. reta '4Tr 08
.- t a -82
V'liW 8tet,5s "52
S lntl Par 5a A "47
do 5s B '47.. .
St.Intl Wer Mar 8 F
t -6s '41 ......
, 1 Ksa fl a E . -i;
: v 2. Kelly Spring T 8
il67U
j 3 King ' t'o Lightt m
;Lack Siel Ss "50J 9t
108
98
93
103
116
98
36
9t
84
3M
.
83
89
S9
99
8
93
8
7;.
107 .
18
en
98
91
108
116
98
86
91
84
N
83
88
29
99
198
95
3
98
9
102
8
92
103
118
8
86
1
84
83
83
'88 V
29
99
108
-92:. -
98
113
8 ,
87
8
87-
107
89
04
99
49
85"
107
1104
UOt
6
3
107
90
42102
P3
I MU
mo2
PI
99
1132 1182
101
87
87
oi
106
107
9T ;
96
108 ti
1W illMS
n a ir ;
104. 103h03i
lSlllilll
97l 97
8 98 H
111
I?
7
95
8 J
864
107
89
108 5
89
V
84
107
103
108
93
106
102,
105
181 .
98
101
114
s
99
7
87
7
101
87
87
96
187
99
111
9
7T i;
88
9n
88
8
107
104
95
89
49,
85
197
108
107
96
93
fl06H
9w H
102
103
101
98 H
101
1114
99
99
98
87
97
161
87
87
10
8
187
nasi
Same, t IN 1000a-. High. Ixrw. CToso.
irLaclede Gas ref B
4 . . ..
Log U 7s "441.
ea 'SI, . .
V 1
"if
10. Mag Cop evt, 7s'S!
Man Sue dab 7 a
I - 'CtS '4Z ......
Mar O 7a srts'81
lV'Ms Ed .52.
l;Mex Pt-8s "80. .
1 1 Msch St Tel Ba '?4
,15)Mid St cvt 5s '$6
. 7!Mont F 1st 5s 43
2
116
98
115
r7
101
119
109
09.
88
8
-
SiMorrisatCod s'89, 97
liNet Tub 8s '32; 1161 ,
12iN K T V T 1st 81 -l
-aer A '52 . .( 99
3;N Y Dock 04s il 78
17(NTKdnf6 . '4l;110
iir tiaf.ijitr perm
1 4S '49
48'- Jl.
If do 5a
8 N T Stmsn 8s
7" SSTTel gen4Hs"S
ill do .ref 6a '41
viSjNia r p s '3;
8 do 5s '8S ....
1 NAmESs reta'52.
N OUoTaVLea '47,
Si 5BtPlst Sa '41.
" 50-S Sell T 7s '41
- 8 Ont L As P-5s -'48
'u lOhio Pbsve7'47
2jPae GAL 5s !42
f 1 ll.PaeTAT ref 3i'52
lliPeo GaVX'h5s'47.
; lS Fhd Co rf A '44
lliPugSrNJ 5s '59.,
2a,P Al Sag evt debl
.- ' I T "Ku 4 w 4 a ,
4 Prod Kef 8a '31 .
... If Best Ansa lstSaA
I cts '87 .
UlRep IS 5 '40.
- 5!Uobins-Myers 7s42
2SakWt Co 7t '42il01
. 13CinoOU5 .125.1 98
32( do-7 '87. . .i. 100
27 do 6 els '47.. 88
, 24S P KSug 7s-'41.1100
- 9tandGaVEcv0a 2 99
Matand Mill 5a 'ooi 97
-. 8Staad Oil CI deb "
1 - - - - io
83
98
97
98
U6
104 .
94
94-92
108
101
. 92
91
92
.99
84
107
108 .-
84
94
98 r.
19
2t
Steel A T
A 7a '51
Co
of
..1102
Sugar Est ' OrisBtel
7s '42 ...... . j T ,
Tidewater O .. Cot
Hs i-Sl- . . . . .1103
lienrur.leo . ns BO.) 94
2
116
7
115
97
161
IB!
109
: 89
88
.. 8
97
lM)
8
78
109
; 8ltt
'98
.97 .
8.
loa
108.
99
8
93
92
174
9
101
92
91U
91
99
84
17:
94
94
si
101 ' .
8
10
8
99
99
97
105 i
1101 ,
r,
:ios
93
6Td Ed 1st 7s '41,106 (1U(
4lUnOUCal 6s '42.rl01
s z l sneaiatlmos '24UOV
-15L'nSS6a eta '37.-1 !
hilo siaraa Jtesutyl
. .i 6s "42 1100
- V'B tU0 7 -30
lb do Gs '47. ... .
66JU S SU s f 6 '68
laiU P at L 6s '301
liV-C C. 6a '24
17 do 7s 'A '47...
10 do evt 7s A
' -war'to '87.
$ do v-r 7s A '87
8:ert Sfav 7a 42
StW W, P ba '38
JW P P ta. "58
t 5V V re 4s '50
do '36. . .
iWstghs El 7s 'SI
lWnK4A THs41
12Wtisoa 1st 6s '41
41J do evt 8a '281..
e ao 7 s -31
2
116
7
113
97
101
1 1
409
9
88
8
7
161.
99
78
110
-
83
98
97
93
106
104
9
4
4
92
107
101 5
92
91
9a -
S4
187
108;
94
9 J,
98..
(101 '
98
100
e
9
7
105
102
JJEXAS SALES ARE
III
7
108
94
I IOO
101 1101
99
91
IOO
107107
88 f 88
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100 1100
92
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. '62 . .. ........ I
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do prln3a '25
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dir '41. ...i.
do 8s SW dlvi
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t 4B ZVVZ .....
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10 do litres efa'21
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2lf
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83 I 83
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f
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63 (O O evt 6a '4 61
4 do gent 4 '92
30 do cvt 4 a '80
88 C eV A 8s '5U
11G B Q ref 6 '71
, i 910 A K I 5s '51.
31 0 Great Wast4t'59
40fMStP 4s '891
-. IICMAStP 4 s'89
14 do cvt 4 s'82
19do rfg 4sA2014
381 do evt5sB2014
9 do 4s '25 ...
21 do deb 4s '34
SIC f Puget 8 1st
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88
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do adi inn 6a '37
hid 111 A Iowa 4l
80
IB Cent 5s '34
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esna...
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do 4i "53..
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sta '88 . ... .
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do ref , '66
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AM
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3
JLDIII&UPWELL-
--Fort Worth, Texas. Dec. t.- The deaaand
for "quality" goods- which waa ao apparent
here throughout the holiday season baa been
maintained this week and th volume of bwai
neea don by .tha store stoea the Christmas
sales has See excellent . t
Jobbers hr rtiabed to - mak distrfriation
throngttout this - territory, aa many of th re
tail mere haul ended the Christmae buying sea
son with empty shelves which- they now are
replemihing. ' Dallas and- Houston whokeshrs
are eQnally busy. . . v-,- 1 r .
' " Th market for Texas eatlle nerosa tha. Bio
Grand, where they are being - bought to re
nopulat th barren rang of Chihuahua and
Coahuila.' has not fallen off and largo herds
are being driven armas the border this week.
1 NEW INCORPORATIONS,
- Ralein. Or.. TJee." tl. I The Canon Beach
Amusement company ' of Canon Beach.' Clatsos
county, filed articiea ef incorporation weth th
stato corporatian department her Tuesday.
Th company is eapitaliaed at 823.O00. Th
iacprporatora are w. J. Mahon. E. H. kfarritt
and tjeorge K. Taitt. - 4.
Other corporation fDlng - article Tuesday
Materrfa ekicial clu.-Portland. 31OO0;
George Goffas, Angelo Balouris and Tost
anakia.--r; . .'" "-...
L.IJon College of Zon Tharapy. Portland.
$100; Mrs. Hortena Salter. George Dodge and
Mrs. Mary Bell French. ' - -
eai!1 Sni"ttt . hospital. Ashland,
86000: Jess Winbura. F. p. FarreU and Nel
lie L... Ixwmiav-.-'.'... . ,, j .,
k Certificated showing ineresses- In capHaliia
tion were ffled aa follows: Western Whits Ce
dar company, MarshfieJd, "830,000 to 3100.
O0j -Pendleton Woolen' Milla. Pendtoton.
3100.000 to 8250,000; Amerai;
company, Portland, $60,000 to fBO.OOOi Phil
Grossmayer company, Portland, 83000 to $25.
O0O Willametto Amusement -company. Port
land, $S00 to 325.000! DwigntEdwrf,
eomparry. Portland. $50,000 to $100,000;
?r2SC5,5,S oompany. $16,000 .to
$20o OOO : Park Shepherd Motor eampany.
Inc. Oregon City. tlO.OOO ono
-- aiMwuuaa sa
Badio Sernc Bureaa. inc.- of
filed by
Portland.
the
BOSTON ; COPPEjB 'STOCKS
M Reported by Overbeek A Cooke' Co.)'
Arix com
Advent..
Ahmeek .
Algomah
Aliouea.
Arcadian
BinaMna
CaliArix
UaidUto
NCorn. .
Centea..-.-
CpRge.
DavtiDly
EButte.:'
FrankMg
Haneors:
Helvetia.
Bid
7
50
57
25
22
4
17.
66 44
283
8
364
i
?i
19
Ask.
7
75
58
40 -t
'4
18
68 .
2 90 ..
IS
.
SI
:"- V '"
: 1
2
10
IfilCreek ' 102 12
Keewsna. . 1
KrLaka. ' 8
LeseCop .
ISaJl. 1 .
Mohawk. 67
1 MaUldCoi 3;
Mason V 1
N Butt 9
Nsaiaung - 6'
INor Lak 20
K D Coo 1 8
His Mng 33
iQuin Mng S4 M
e Boy as
8 Lake- Its -
ten Boston 1
UJ3 Mch 43
do pfd . 26
S Copper 1
Trln Oop 1
Tuolumne 50
Utah Met 90
U S Mng 37
do pfd. 47 ,
Utah. Ap 2
8 . 1 venurra. 14
1 iyiexoria. - 1
57 Winona.. 1
,4 fWolverino 7
Wyandot 25
1
3
.3
Ask.
2
9
- 6 , ..
40
19
35
35
28 '
'42 "
2
44
27ft
2
-1
62
99
38 '
48
, 8
29
1
1
35
XlTorpool Cfho 8tsdjr
Uvwfpool, Dee. 27. Spot cotton o.niet:
pnees steady; sales 4000 bales. - Americas
middlings fair, 10.O5; good middlinga. 15.50
fult middlings, 15.45; middhngs, 15.40- low
middlings, 15.16; good ordinary. 14.65; Sjrdi
nary, 14.25. ...
, Futures opened steady.".
-Log Drive Sunt Made
Hoquiam. Wash.. Deo. 27.- Heavy rains
of the past few oars caused a freshet in th
Humptulipa river , which enable: meal loggers
to make. a log drive for which they had been
waiting over a year. A year ago they logged
some oedar in ' a small branch of th Hump
tulipa but no freshets came and they had to
lesv the logs on th banks of the creek
Yesterday, with the creak chanced to a rush
ing river .they drove down th loga.
WALL STREET? STOCK QUOTATIONS
' - T f'Mi Bepotted br"0raiwwi-a Cook CstA - ; - -
Sales. I 8TOCK-
1 06)Adkn Kx press .
riAdranco Knra ...
SoOOiAastin Nfchob
609)Agr Ches ......
, 20 do pfd- y, - ; ,
12UIAiax Atubber. , ....
lOOiAiaaka GoM . . .
lSOtlAauka Juneau -w.
320:AUed Chens . . .
llOOIAUa-Chahnen :. .
...... j do pfd
. . . . .lAm Bt Sug . ...
68t (Am - Bosch ... .
. . . .jAnc Can Co " . .
. SwOlAm OAF
do pid , i-':..-.
40 (Am Cot Chl -s , .
lOOf do pfd . . . .
'160jAra Drug Synd
...... do pfd
X4wO)Asm ic . .
STUOiAn Intl Corp ; ,
Am -- I Jnieed . .
do pfd - . . . . .
Aa Low . . . .
do pfd
Am EaC Bator
Act SAO
High.
606
11S00
7C0
180,JAttt Smetterx ...
IOW OS plCi..A..
llOiilAm Steel Fu
. S00Am Sugar,
4I0 da'pfd
- SOOJAm Sumatra, . . . -23:Ab
Tel at Tel
100Am Tobaeeo . . . . I .
' - lHf do
: 10OiAnt Wool . , ... . .
.... 4 .Ara W P pf d j,,
. e Au. ' SSiBO -
; 4001Anaeonda . , . . . . .
, . . .Am'd Oil ......
, 400 j Atchison . . . . . -.
8 OOI . do pfd . . i . . ..
lOOjAtl Coast Lin . .
S60O1AU Gulf A W I.
as
1
15
"i"
77
40
Aw
185
- V
.-v - k
68
197
26
30
129
19
35
7
SI
1T
28
123
31
76
41 H
184
.y
2
103
25
7 30
Vis
-18
54
S7
78
1 tin
27
123
630U0Baldwin Loco
if ii us pta
4S00B t .jri; ;;
200) do ptd . :
: 1 60 BarnsdaU Corp
is do- jt -. . . . ;
50V0Beth Steae- H J.60
SOOBooth -lU . . . ... 1 4
IXOti B K i 15
14 OO 1 Butt O a. S ..( 9
9800Butt SUP . .V-i 82
aoOOIMuras Bros A . . .1147
1SO01 do B i. 1 43
SOOICaddoOtt .... -.1 7
- aKUtl'alif Packing
' llOOlCalif Pat i.
. .. . . . t -do pfd
2300Callaban lie . Ld 9
ti ansniaa -ae s . . if v -a
60
119
191
91
"21"
..1139
42
68
29
670ICea Leather
2!OOjCerro do Psseo . .
67tM!Chandler Motor.
2UO0IO At Hi W .. .
600
21O0
14500
1 60OlOhino
4800
880OI
1800
900
TOO
600
600
1200
. 8900
200!
iiioo
Sales.
In $1000
SO
40
9
87
; 6
8
77I 77
4 I 94
S3 92
o
89 I
1103 J 104 103 i
99
7!Lex:Kast Sa t I 99 I
SlLong fat gen 4a'58l4 (104 1104
djLAN unif 4s '40 90 ( 90 99
8 do 6s 2w0S..tl04 1194 1104
,52 Man Ry cor. 4 '9C1 2
r 7 M S By erar 6s '341 91
22,M E B Ai L 6s '611 86
. 1 MAN con 4 s '34 PO
6iM.SLlstrfK 4s'49l 91
8 do rfg 6 62. . j 41
' Siaf II I' 4 M HI
i 6s ;s5.:..i;iC5
- 4 MKT 1st 4s '01 79.
z! o as a wi -4J
84 j do adj5s A wi'67
: jM Pse 5s '63 ...
22 d 6s '48
S&i do gen 4s 76..
10 M Tram ref 5'41
' 6 NOT Ail toe 5 3
5,NTCent eem 4s'S
27) o deb vis "3 5. .
83 do rAi 5sf 2013
16 STOntRTv4s 58
25:NTNHAHdebs 4 8
."- do deb 4s '35. .
1 iNYOrrtAW g4s56
'10! do ref 4s '92. .
27iNTRy ref 4a tri
- 1 n efs 42.-, .. .
23i do adj i '42.
34 tin adj 6 tr eo.
88
CO V,
9
98
62
88 U
78
85
104
7
89
69 ,
50
5t
69
80 14
5
61
91
86
-J
91 J
1044
79
83
59
86
98
82 .
8 1
78
82
104
7
8H
68
49
6n
69 .
$T
3. -
1
91
88
99
91
41
1044
79-
83
69 r,
86
8
62
8 .
TK
82
14
97
88
68
6A .
60
69 .
30
9
,N Y But Bys cn
1 oz ,
IN Y Westch A B
4HS -46 - -
N4H KE gn6a '31
PacoxB 2047 .
do pr In 4s. '97.
do ten 3s 2047.
t.VPRAIm 5 2047
20Or S It rfg 4s '28
9OKAN 4s '61
ISOjPLMBR 6s cfs '68
4 1 Pen n K R 7s '30
18 do Sa 'Be
101 do ooni4
12 do guld'6s '86
12 do 8 m 4s '65
17 P Jt L A P 5 '42
10 Kdg gen 43 '97
2;R;W 1st 4s '49
K1AA1, 4s '34
ZSL1MS gn 6s 81
21
12
60
19
19
, div
p 1
do ref 4s
do K A G
4s . '83 . .
!S L 4 I r
4s A '50
do 6s B '60 .
51 do cns C '28.
do ad 6s 55
do ino 6s '60
do an 5Hi r '42
14 is it a 1st 4s '31
(Sl.do oon 4a '32..
- 81 do Term Ss 52
7'SAAP 1st 4s '4S
5iS A L rfg 4s '69
22
53
23
21
9
40
4f do- col tr 4s "49.
84). do
21
121
2
50
6
' 17
101
10
SAL adj Ss '49
jto eon Ba 45
8 P evt 4a "29
do rfg 4s '53
do S F T 4s '50
a ft gen '4s '86
do
con 5a 94..;
6a '56
3d At ad 5s '60L 56
U P 1st 4 '4T
do evt 4s 27. .
do ref 4s 2O0v
Ta B 6 '82..
Wabash 1st Ss 89
W Pie 6s "46
do 6a 4 .
26W 8 4a reg 361
12 do 4s , 2861'..
High I Low
7
49 1
108
108
86
62
9
92
81
-72
110
101
97
119
91
84
85
76
80
98
68
84
70
85
100
76
58
93
78
77
81 i
741
89'
22
59
92
87
84
82
68
97
11
91
95
88
97
97
81
a
80
8S ' -
" Close
68
47 '
108
108
86
61
99
92
81
71
110
101
97
no
91
84
8
75
80
98
86
84
69
84
100
75
68
92
774
77
80
74
89
22
68-
92
87
84,
82
68
7
100
53
90
4
85
96
7
81
93
80 ?
82
f 87
48
108
108
88
1
99
92
81
71
110
101
97
110
91
84
85 ;
75
80
98
86
84
70
86
100
75
58
92
77
77 34
80
74
89
22
68
92
87
84
82
68
97
100
0
91
94
86
97
97
81
98
80
82
Sew Tork Fotavte- Market'
New? York, -Dee. 27. Potatoes (tn
barrel or bar), market firms. Keertar
1.76 3.50; Bermudas..
aweets, . l)c as I 3 D.
bulk.
wnitff,
$4.00 10,00;
Che t W,
do pfd . .
ChiU Cop . .
C At St F .....
do pfd ......
Coco dl, - . . . .
C O
Colo F A 1....
Cole Southern
O G A E
Columbia Graph
Con Gas ......
Cons Cigxrs .
do pfd
Cons J'extUe
SOOtConU Csn
4300 Corn Prod .
do pfd . . i
SSOOOKosden Ofl .
100 C K I P-
100 do A pid .
3001 do B pfd .
4900 Crueibl
do Did '-. .
400 f Cuba Can
11001 do old . . .
8400 Cuban Am Sugar.
260 Davison Cnem . .
800 Del A Hudson ..
20001 do Lack ..
800lDoma Mines' .
2000 Klec 8 tor Bat
4 80O Endicott ' Johnson .
8SO0 Erie . .--
2200 do 1st pfd . 4 . .
F. M mc. a....--
200 do pfd ....
600 1 Fisk Tire ......
SOOlGen Cigars ....
1400 Gen Elec ... . . .
12000Gen Motor . .
900 do 0 .".
KTdll (.n Afohalt . . .
. .. . .-Hilidden Paint . , -1200TGoodrich
T tt B
. . 1. . . IGlen AWen .-.-..".
700Uranby
600!Gt Nor Ore i -. ...
4400lGt Nor pfd . . .
...... fGreene Cananea
1 300 Gulf 8 Steel. . . .
S600Houatoa Oil . . .
. . . . iHupp Motor . . . i
500 Ills Cent .
2000 Inspiration ......
. . . . . Int Agr Corp .
300 do pfd
8800 InterBoro ......
r tO0 do pfd ..... .
400 Int Harv
8000 Int Mr Marine.
5600 do pfd ...
2800 bit Nickel
70 Int Paper ; ..
- 400 Int Comb Eng..
110 Invincible Oil - -410O
Island Oil . . . . .
. . .-. . Jewel Tea
100 K C Southern . .
IOO do pfd ...... ...
500 Ky Ser J - ...
4700 Kelly-Spgnd . .....
6600 Kennecott ......
8200 Keystone Tire . . .
. . . . . Lack Steel ......
00 Lee Tire
8100!Lehigh Valley
1200LoriIlard . . - .
600Loew Theatres . .
SOOjL AN.........
1500 1 Lima Loco . ... .
2700!Mrlend OU . . -i.
120OMaxwea Motor Al
1800 do B
lOOOlMsy Stores .
- 500 Mex Pet
Mex - Seaboard
Miami
Middle States
Midvele Steel . . .
M K A T wi
Mack Track . . .
Mont Power ...
Mont - Ward,-
Mo Pa -
do pfd .-
MStPA S 8 U. ..
Nat Biscuit . . .
N Enamel . . . .
Nat Lead ......
Nevada Con . . , .
New Haven
Norfolk A W
4600
" "900!
9300
lOOO
700
900
8100
1400
100O
40
1800
5200
1000
4300
lOOl
Oil
1700 (Nor American
Nor Pae
Nova Scotia'
Steel
82
44
S
4
- S
27
26
20
82
76
71
26
41
104
llf
89
'ii
110
131
53
82
70
40
26
128 .
44
56
91
10
1
SO"
18
81
183
14
84
49
'84
2''"
80
78
86
1124a
85
ai '
-
90
9
43
13
52
24
14
42
45
86
O
26
70
164
183
59
28
60
16
68
291
17
11
27
1
56
22
16
43
67
125
16
20
112
98
75
Low.
8
18
33M 83
Bid. . Sales, f STOCBT
49
118
1191
91
'
19
184
41 J
67
28
69'
4
16
9
81
145
48
-7 ,
ii"
9
148
tt
-48
64
''4
8
26
26
20
81
76
70
23
40
108
.2
118
39
11
HO
129
62
92
69
ii
39
28
1S5
43
65
89
10
91
49'
12
81
182
13
83
47 v
88
'24
30
76
79
11 i
88.
80
'
89
8
42
18
50
24
14
.-.'.
41
44
56
8
2r
69
161
183
69
28
-49
13
61
!90
1614
ii
26
14
53
03
15
42
66
23
16
20
110
96
74
SI
684
m.
76
it
;.n'
73
188
121
11
85
-6
!
63
106 '
26
29-
61
rfl29
119
19
84
98
37
80
)17
28 ;
722
154
9
37
18
49
118
101
91
112
21
189
!!?..
I 1
87
B
69
4
16
9
81
146
42
7 i
83
86 .
93 i
8
148
80
43
C5
78
4
8
27
26
20 .
31
75
70
25
41
104
2
117
884
81
11
109
131
120
68
31
90
92
69
87
13
39
'2
113
126
48
56
89
10
91
9
50-
13
81
182
14
84
48
10
84
66
24
80
76
27
79
70
24
111
85
80
.,-
88
9
43
18
60
24
14
20
18
58
42
44 4
86
8
T4
23-
89
161
19
183
59
28
49
15
67
290
16
27
11
26
15
63
87
15
42
61
83
66
123
16
20
110
97
74
26
City of HiEsboro, Oregon
? f'l 5 Vi General Obligation . Funding Bonds
Dated December 1. 19&2. Due Serially 1932 to 1942
- ' . Denominations $1600. " .; -
" -- : v "
' , v . JaZCBipt from Federal Income Tax 4 " '. -
7 ; i. Price to ifield 5
i -- - "'. .. Detailed circulars furnished on. request. -
Western Bond & Mortgage Company
Fourth and dak Street.
Portland, Orefon :
t4Scfei!;v Broadwayi64$4
"S".
9f
HYDRO-ELECTRIC;DIViDENDS
1 - and HOW TO GET THEM ;
A 'booklet -with map. ilhint ration atuTteitt presenting: th" hydro-elertHa
situation, in the Portland power area, and explaining; the Special Sainws;
Plan ot interest-bearing; partial pnyments in the purcbase of - . "
Northwestern Electric- Co. :7 Cumulative .-,
First Preferred Stock -
.Titt Caii ra BtsieitTewpkeie, CaU ar Wrtt .
V;- .Northwestern Electric Co,
t. n. Tatare. llarr.' Stock Sale. S1I Ptttock Black - .' Bdwy. 0iS8
2200jN T Air Brake..
- TIOO'N T Central. . ...
-34rOOkU Prod tot...
J9t0Orpbenm ......
2900'OnUrio A Wi.
w0fOwa Steel
8490jPiciy Wl8ly -..
: BOO I Pac (iaa & Eke.
SOOoiPacifie - Oil . . . ..
530!Pan.am Pet iv.
02O6t do "3 ......
- -40 Penna - .-. . -i
8400Penna Sea Stl,
SOOlPeo ;aa . .-
- 23WO Per atargnatte . .
' SOOtPhiladetohia Co..
SI 00 (Phillip Peto V..
4o lleroe Arrow; ", i
OOOiPiem -Oil v.. J.
3800!Pitts Coal . .
j OOOjPitte at Waet Ta
; SOOfPreased Steel Carl
ISOOjPnnta . Alecra
' 60OPullman ,
22eOlPnr Oil ' . . ,
22O0Ray Cona
6400!Readina-
V". . . , IRemincton
s2800iBeoloclr Steel
6ftO.Republie I A S
JMOlRce I A S pf d .
v40O0RoralT Outek Oil!
- 100Ry Steel Bnc
7 3 00 f Saxon Motors,
1300fSears Bobuck . .
. .... iShattack A Aria
SOOOiSbelt T A. T
154O0, Sinclair . ... . .,
.. ...'Slot Shef
C400,Sou ' Pacific.. , .
2590 Son Ay .
400 SterHna" Prod . . .
8200 Stand Oil t'al..
Stand (HI Ind..
80OO Htand Oil N 1. .
..... Stand OU Ky...
1900 St L AS V.
,7300 Strom be re Carb .
44C00 stndebaker .
... . . Swift A Co. . . . .-
: 30O Tens Cop A Cbeml
6900 Texas Oil ,
10 00 1 Texas Pac .
660OTex Pac C 4V O
490 Tob Prodncts. .
! 260O Tran Contl oil.
j 5O0 Tim ken R at B. .
SOO Union Oil Del , . .
. 2200 Union Pae . . . ..
, 900 United Alloy ,
200 United I'rox
1300 United Food Prodi
Rich, t
27
96
1
49
20
8
68
88
46
4F
98
7
40
47
13
:
SO
83
S3
49
182fl30
7
14
Low.
26
95
1
18
18
-8
55
87
45
46
-: 2
?
S6
40
46
IX
1;
-
88 '".-
82
48
....) 81 I
87
68
i
Bid.
1100
000
8200
1100
660
. 4200
. 100
100
162AO
600i
-22O0'
120O;
200
8100
16O0
250O
30O0
SOO
200
' 200
1000
600
1200
1200
SOOWMto Motors
600 White Oil
3700 Willys-Overland
10OO do pfd . . ...
- 400 Wilson Paekinc
200 Wis Ontral . .
SOO Woolwortb . . . .
500 Wortk Pomp .
8800 W.A L E .
IMloney
Total sales, stocks.
United Fruit
Uni Md of N J
do ofd --
Unitd Retail Stores!
United Fruit
V S Ind Alcohol.
U S 'Rab
do 1U nfd.....
C S Sraeltinc. .
U 8 Steel...... .
do td . . .
Utah Copper .-...
Va Chem -'. . . .
do pfd . . . i -. . .
Vanadium Stoat..
Vivandoa . . . . . . .
Wabaaa . ......
do A pfd ......
do B pfd .,,..
Wena-Farfoa . .
Western Pae . . i.
do pfd .......
Western Union . .
WeaUnchoua A B
do E M . .
West Md i , . .
White Earle Oil
88
82
89
23
118
40'
14-1
47
20
20
5
14
33
137
i "
4
115
11
'78"
155
69
63
87
65
24
68
88
15
i a. w
24
14
63
111
a -a
60
11
27
"i '
Ta
42
87
26
.
81
1.080.000
26
14
80 I
S2
45
3
58
i
88
81
88
24
118
89
139
47
S0
29
66
14
83
186
80
8 Vl
11
u
153
67
62
7
64
24
62
82
15
28
14
62
110
so
10
26
"2
8
42
86
26 .
81
Total sales, bonds. S18.909.A00
STANDARD OIL ISSUES
V
shares.
27
3S
1
19
184
8
87
88 .
46
98
86
46
2
8
37 r
40
47 f.
Hi
-4 :-
S3 ; .
88 f
48
132
37
44
86
30
22
-40
86
63
118
1
87
8 .
87
82
86
89
24
62
119 -116
39
188
21
66
140
106
10
47
20
20
83
14
82
19
136
4
7
: 84
151
11 -
25
71
131
87
58
.96
87
106
120
64
24
62
88
16
8
23
16 ,
92
14
63
110
110
60
10
27
47
2
42
SO
26
216
30
8H
"V
2000IAndo Acn Oil.
zuuiAtlanttc Lobos...
185 Buckeye P J,,.. . .
50 Continental- Oil..
100 Crefcent P L . i
20 Curnbtrland p tt.
40 Eureka V L
60 Gal Sic Oil.....
40 IU P 1. .
320!Imp Oil. of Can. .
25llnd P L..:.. ..
28O0Int Pat Co Ltd..
20MaToHa Pet
103 Nat Transit . .
136 N T Transit
-10 Northern PL.:
- '60i Prairie - Oil AGs.
4Ultalri P L..
. 25
. 75
2400
9500
1000
800S
:o;s
Sosthara Penn Oil:
aontnem P L . . .
S O Ctl new....
S"0 Ind.......
it M nW. . k .
ONT new. .'.
W Penn P L.
6400Vaeonm Oil new.
17
e
' 83
152
46
163 .
97
7
160
113
91
20
158
'25
136
lie-.
623T
818
ISO
97
59
116
128
48
64
43
17
e
86 -153
45
163 '
96
66
169
112
91
20
15
25
118
110 '
618
316
160
94
69
118
124
46
40ft
"4
85
162 :
46 :
168
96
66
159
118 ,
81 "Z
204
168
25
126 .
110 .
622 .
818
155
96
69
118
128
47
64
43
..-, w- Clani Facktr Arrested :
. . Hoqniaaa, S ua, Den. . 8 7. Charred : with
0 Vaaal - takia- and psrfJdns; of elasaaV 'Tirrd
and .Arthur C-eerU. owners .of -cannery' at
MocHpa. 28 miles north of here, en": tbe
bear-b, were arrested yesterday- ky State Came
7xspetor C' H. Boon. They era aecosedt .
of baviac due and enned clams oat ef wssv.
on- . Sevwral other cmsea, of., similar nature,
but amaller. ar peadinst ia tbe Grays Harbor
eounte state eonrta aa result ef, activities of
the tnipactoc. " '
for Y
stments of Merit
January Funds
State of Oregon . . . .5Vs
City of Portland . . . . . 4 14s
Yamhill County ...... -5k&
Klamath County. 5 Vis
. Jackson County . . ... . 5s
Skagit County, Wn.L v5. ,;; 6s
Whatcom County, Wn.r 6s
. Bannock County, Ida.,
School j. ..r
City of North Bend.,". v
i Lewiston Orchards Irr. .
' Grants Pass Irr.. . , . ;
Cowlitz Co. D. D. No. 15
1926 -j
1927-51
1936 . .
.1939
. 1932
1930 :
1930 '
6s
6s
7s
1933-37
1930-32
1938-42
'6s. 1933-41
7s 1927-41
45
450
4.60
r5.25
5.25.
5.25
555 .
6.25
655
655
All of these Bonds are payable from taxa
tion and are entirely exempt from all Fed
eral Income Taxation f
: Wire or call for detailed '
- information..1',,, ,
IWphSchneeloch Combahy
MUNICIPAL
CORPOPATION
Second Floor
NSERMOCS BLC3.
- Aawtker On Xelos rf" "-
Chicato, Dee 27. (I. N. S.) Stock
holders of the Standard Oil company of -in.
aiana today authorised an increase in capital
i fnirfWH.vwq 10 . -Dv,VUv.UtM. 1H
rectors will meet tomorrow to eonairlar A.
cUrtnc a 1 00 per cent . dividend oa stock of
racora xjecemBer is.
E?erbeck S Cooke Co.?
AtatOKBXa
ef Trad
ef
tda Portland.
stocks, ec;;ds,
CHAL's AJ3 C0TTC.1
UUCf MiTiU vTLBCSi
Lcgran Bryan
ipu avim cbicao
nw
Year-End '
Investment : Suggestions
' " At-this particular time of the year a very larfcre nwmbcr
' of inyestors are lookinj: forward to the usual "end of the year'
. season in which they receive interest and dirWend payments
which-.they wish to reinvest safely and profitably. -
: From the following diversified list of attractive, high-jrrade
- investments a most desirable selection can be made for year
end reinvestment purposes. '
FOREIGN GOyERNMENT
A Security vrRate Maturity Price -
Prov. of Saskatchewan ........ 6 1924 J 101.07
Prov. of Manitoba. 6 1930 103.50
City of New Westminster,..:. 6 1944 l100.00
Prov. of Alberta 5 Vi '1939 101.06
V : -iS.::: ? -:?--' "fCCx -: ", 7"7
CORPORATION ' '
Western SUtes G. & E.. 6' 1937 96.00
Southern Cal. Edison Co. . ... j 5 1944 93.75
Consumers Power. Co. . . . ..... 5 ; 1952 92.50
San Joaquin Lt. & Pr. ........ 65 1952 100.75
Western SUtes G. & E ...... - 6 St . 1947 99.00
- "'. '':- - Ntv - u '-'h. 'ir '-'
PREFERRED STOCK , .
, Div. Payable
Portland Gas & Coke Co... 7- ; Qu.Feb.
Pacific Power & Light Co.. 1rU Qu. Feb.
- 'Detailed circulars will be sent upon request.
Approz. -Yield
6.25 "
6.40,
6.00
"S.40
100)0
100.00
6.40
6.60
5.50
5.95
6.08
7.00
.7.00:
Blvth. Witter Cfo
i -
Fourth and Stark Streets
Portland,' Oregon s
sum
How to recognlise :
iLiiriisafe
' 'The following are the usual earmark's of the questionable;
security: " ' '. . " :
1. ' Selicifatiom by v.kifli prestare" taUtBun' workiaf on ,
Js pemicJow 'ipie Call Syelam, wbe. nrgaa you to . t , r .
ptiTxiiava at one without full investigation. ,
y2i Litsvraturo protmaina, or hmtina' at, Urgo spoculativo : . -7- ;
- profiu. . ; '
,'. -,,--'-C " ,C ' --!.-,. i '-' " .
3. Failuro to fumUk complete) financial atatemsmt, tncluding:
"A" net amins;8. . ...
4. Lara; sliWemtsa, wbicb are) oftem discontinued eite stack '
,-',--".: .,is sold. - , i - ' - - '
The best Way to avoid investment" mis-'. '
' - takes which lead to disastrous losses is to ;
INVESTIGATE BEFORE YOU INVEST ,
'4
i-'; 'Before committing yourself on an investment, call on us and dis
cuss the matter. We offer you the advantages of Jong experi
,ence, which has built up for us an enviable reputation for judg
', ment and integrity. w ., - . - - '
Before
V . you r
r. . invest -
4wa -.. Iswmwannnanwawamwann .
FREEr.TAN. Smith a Camp Co.
LUMBCRMSNS CUCU POtTTlJaMD, CBS
T eajieai . B m svsnaw SKSA . " .t . -
I cfs '4S ...
r 4 t