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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Aug. 30, 1920)
THE MORNING OREGONIAN, MONDAY, AUGUST 30, 1920 15, BANKS TO FINANCE PIHRED STOCK 100 in Agricultural Sections of State Pledge Aid. 4 STATES LAUNCH MOVE Promise Applies Particularly to .Farmers and Raisers Who Will Visit Show Here In November. For the encouragement and develop ment of the livestock industry in Ore gon, along the most profitable and most scientific lines, upward of 100 banks in the agricultural districts of the state have Joined in a statewide co-operative movement, under the leadership of Chairman C. D. Rorer of the agricultural committee of the State Bankers' association, to finance the farmers and stock growers of their respective communities in buy ing pure-bred sires and foundation stock for their flocks and herds. General Manager O. M. Plummer of the Pacific International Livestock exposition was notified of this co operation on the part of banking in stitutions of the state last week by Mr. Rorer, who had received 103 responses to a letter which he had sent but to all the banks in the agricultural dis tricts, and he expects more in later mails. Mr. Rorer told Mr. Plummer that the pledge applies particularly to farmers and stockmen who will visit the Pacific international stock show at Portland in November and who wish to buy pure-bred animals, but cannot do so unless the purchase is financed for them. Four States Launch Move. "This is a splendid thing," said Mr. Plummer last night," and will mean a great deal for our Pacific interna tional and for the livestock industry of the state. I understands that simi lar co-operative movements are being Inaugurated by the banks of Mon tana. Washington, -Idaho and Califor nia, and the support of the financial institutions of the whole coast coun try will be of inestimable assistance in the upbuilding of the livestock in dustry of the Pacific coast. Of course a great many banks in the different agricultural sections have really been doing this work for a number of years, but in an unorganized way. "With all the banks co-operating, under the leadership of Mr. Rorer and his committee here in Oregon, the systematized support of the state's fi nancial institutions will be a tre mendous factor for the upbuilding of the livestock industry. We are send ing out Mr. Rorer's announcement of the co-operation of the banks, to gether with the names of the banks which have given their pledges, in our advance premium list and preliminary classification booklet. Upward of 5000 of these booklets will be sent out to farmers and breeders on September 1, and Mr. Rorer's announcement will undoubtedly prove a great stimulus to the attendance and 'merest at our November stock show. State's Standard Elevated. ice iinanclng plan will unques tionably result in greatly increased sales of "pure bred sires and founda tion stock at the Pacific international, too, and this will mean an elevated standard of livestock on Oregon farms. I believe this co-operation on the part or the banks, in a sys tematized, organized way, is one of the most important steps yet taken for the development of Oregon's great livestock suture." Leading banks in the following towns nave already pledged them seives 10 assist in this movement: t'endleton, fepringf ield. Florence, Brownsville. Newport. Corvallis. Al bany, Cottage Grove, Forest Gro.ve, Uresham. Clatskanie, Cornelius, Har risburg, McMinnville, Creswell, Reeds port, Marshfield, Silverton, Klamath alls, Woodburn. Kugene, Joseph Bend, Mosier, Ashland, North Powder, Wheeler, Heppner, Medford, Roseburg The Dalles. Tillamook. Yoncalla Banks, St. Paul, John Day, Canby uonaia, fnnomath. Milwaukie, Stay- ion, oneaa, coquille, Astoria. Crane, Grants Pass, Prairie City. Hood River Kearaond, La Grande, Gold Hill, Inde pendence, Kstacada. Falls City, Mon mouth, Beaverton, Merrill, Oregon vuy, rnoi kock, lmbler, 'Powers, is making a. tour of the Pacific coast and western states to check up on general business conditions and in cidental to the trip is visiting some of the scenic attractions of the coun try. He expressed the opinion that Portland is favored with favorable commercial conditions as reflected in the standing and character of its fi nancial Institutions. Issues aggregating $480,000 of im provement bonds of the city of Idaho Falls Idaho, metropolis of the upper Snake river valley, which contains 1,300.000 acres or irrigated land ana , which is In the same class aa the famous Twin Falls region in the mat ter of agricultural production, con stitute the newest offering of north west municipals by the Lumbermens Trust company. The proceeds of the bonds is being used for paving and sidewalking. The bonds bear inter est at the rate of 6 1-2 per cent, pay able semi-annually in New York, and are being offered to investors to yield 7 per cent, income tax exempt. Deterred by the necessity of war financing from making improvements during the period of the city's great est growth, Idaho Falls is concentrat ing within this year improvements which normally would have been spread over the period from 1917 to 1J19. The city almost doubled in population in the last 10 years. It is the greatest freight and passenger raffle point on the Oregon Short ine railroad connecting. Salt Lake and Ogden with Butte, not excepting those three cities. Principal products of the surrounding territory are wheat, alfalfa, sugar beets, peas, vegetable's and livestock. The city cwns its own lighting and water sys tems, both of which operate at a pro fit, and had considerable surplus power for sale at attractive prices to industries, many of which are being attracted there. Other additions to the company's list of municipal offerings are S100,- 000 Alama Drainage district. Big Horn county, Wyoming, priced to yield 6.&0 per cent, and $48,000 Billings, Mon tana. , improvement bonds on a 7 per cent basis, both income tax exempt. ine company s offering list of cor poration securities shows . additions during the past week of participations of $75,000 and $35,000, respectively, in the rfew issue of New York Central railroad ten-year 7"per cent collateral trust bonds and the Morris & Co. issue of ten-year 7 per cent sinking fund gold notes. The former were offered at par and the latter to yield 7.75 per cent. In both cases, the issuing cor porations pay income tax up to 2 per cent. Officers of the Lumbermen s Trust company report a very act i ye aemana ior ootn securities, tne isew York Centrals being oversubscribed within two or three days of announce ment of the issue, and the demand for the packing company's notes being only slightly less. MOVE OR STANDARD 7 F SPRAY IS LAUNCHED Plant Protection Institute Or ganization Proposed. SCIENCE WORK WANTED Carl H. Johnson, neretofore with Clark, Kendall & Co. and Morris Bros., Inc., is a recent addition to the staff of the tfbnd department of the Ladd & Tilton bank. The Benton County State bank at Corvallis is enlarging its quarters by taking additional space. Remodeling of the building is being planned to proceed without Interruption of the present facilities and is taxing the ingenuity, of the management and skill of the contractors. Crowded conditions in the counting room made it imperative that more space be se cured and will result in general changes in arrangement of the insti tution. Blyth. Witter & Co. report that the two new offerings last week, N,ew York Central 7 per cent bonds, Morris & Co. ten-year 7 gold notes In which they had participation, were very quickly taken up by the public Blyth, Witter & Co. are now offering: Sutter Basin company first mortgage 8s bonds, due 1923-29, at 8 per cent; Pan-American Petroleum & Transport company; Marine Equipment 7s, due 1930, at 7.80 per-cent; Utah-Idaho Sugar company first mortgage 7s. dne 1921-30, at 7.75 per cent, and Port of Astoria 5s, due 1931, at 6.60 per cent. Frank A. Freeman of Freemar, Smith & Camp company has just re turned from San Francisco and says that dealers there anticipate that it will be a matter of only a few months before prices of municipal and other kinds of bonds increase. He says that shoe and clothing merchants are hold ing bona fide bargain sales in an en deavor to move their stocks, and that with a decrease in the price of com modi ties generally, bond prices will increase. He declares that capital must be kept at work and small in vestors are realizing that bonds form the safest of investments. - . ' Carstens & Earles, incorporated, of Portland, Seattle, San Francisco, Los Angeles and Spokane, who, with the Elimination of Disease and Insect Pests Sought Through Co- . operative Efforts. OREGON AGRICULTURAL COL LEGE. Corvallis, Aug. 29. (Special.) Co-operation In the Improvement and standardization of sprays and sprayers for best. and most economical protection of horticultural crops from diseases and insects, is sought in the proposed organization of a plant pro tection institute under the auspices of the National Research council. According to the plan, scientists' will investigate spray materials, formulas and methods of application for the control of Important plant pests and diseases for the benefit of the manu facturers of sprays and spray ma chinery, who will then make up. the material and manufacture the sprayer types that conform to the standard specificatiitis as worked out. The result will be that the manu facturer will be able to go into the market with fungicides, insecticides and machines that are backed by sci ence and most acceptable and effec tive for growers. Great Benefits Kxpected. This co-operation is expected to re sult in great benefits, explained Prof. IL P. Barss, plant pathologist of the O. A. C. experiment station, who dis cussed the new movement before the recent convention of northwestern horticulturists, entomologists and plant pathologists at Vernon, B. C. "The grower will benefit by having sprays .hat will accomplish" maxi mum protection with minimum dam age and the least cost," Professor Barss said. "Spray and sprayer man ufacturers will benefit by cutting out the inferior types of sprays, by stand ardizing their products, and by'hav ing the indorsement of the scientists, and by selling them with more satis factory directions for use. The scien tist will benefit by having opportuni ties for special research in important practical directions which seeks to eliminate conflicting and contradic tory recommendations.' Scientist to Conduct Work. According to the new plan the man ufacturers will finance the investiga tions, which will be conducted by rec ognized scientists ' employed by the new institute rather than by special employes in the manufacturers' own laboratories. The proposal insures efficiency. By contributing no more than a share of the total cost of investigation, each manufacturer will be able to utilize the new and definite knowledge as sembled by scientific research. He can thus dispense with a great deal of experimental spray making, and combine his capital and plant in the manufacture of proved goods. The saving to the grower will be quite material, Professor Barss point ed out. Considerable Loss Cited. Considerable loss Is not infrequent ly encountered from the-attempts to protect crops by inefficient spray ma terials, and likewise at least occa sionally by damage to plant or fruit from injurious combinations of spray materials. The grower is expected to benefit also by the superior effectiveness of standardized sprays which would nat urally arouse, greater faith in the ef ficiency of good sprays faithfully ap plied at the right time in the right way, and thus increase the use of protective measures that will result in more and better crops and in gradual decrease of important plant enemies. Progress was reported in the work of arranging for the organization which it is expected will be formally launched some time in September. U. S. Naval JtadJo Reports. Nyssa, Vale. Monroe. Sandy Echo i Guaranty Trust company of New York v uiamma. butherlin. Newbetf. Jf- lerson. lamniu, Wallowa. Aurora, Sherwood. Aumsville, Wilsonville, Klamath, Scio, Sheridan and -Salem Oregon municipal improvement bonds of Seaside were a noteworthy offering of the past week, the fea ture of these securities being the high yield, seven and one-half per cent which they bear. Morris Broth ers, Inc., included these in their lists of exceptional yields. John L. Etheridge. president of Mor ris Brothers. Inc., reported an espe cially brisk week in the movement of Canadian bonds, several Issues of which carried most attractive yields, running as high as 9 per cent. He also characterized the present as the Investor's greatest opportunity and aid that it may not continue long and recommended that all who care to buy bonds at present advantageous price and yield should do so without delay. The two highest yielding Canadian bonds offered by Morri3 Brothers, Inc., the past week were city of Selkirk, province of Manitoba. and North Vancouver, province of British Columbia. These were quick ly sold. Next in high yield was that of the city of Prince George, province of British Columbia, at 8 per cent. Two provincial bonds drawing 7 per cent were British Columbia and Manitoba. With Investors realizing that they are buying bonds at the lowest prices iu history and receiving in terest returns heretofore unrecorded. Freeman Smith & Camp company, bond dealers of Portland and Sa i Francisco, report a very brisk bus -ness during the month of August. Dur ing the past two weeks they great-'y oversold every Issue of bonds of which they participated in the underwriting. More than $400,000 in bonds of the province of British Columbia were sold. A large block of bonds of the New York Central Railroad company were sold the same day that the syn dicate announced and closed its of fering. To fill the unprecedented number of orders for bonds of the Pa cific Power & Light company, it was necessary to purchase on the market In addition to an increase of allot ment. A substantial block of bonds C Morris & Co. went over early in the week. The company also purchased im provement bonds of the city of Dlnu ba, Cal., and are selling them at prices to yield investors 64 per cent. Other attractive bonds are those of Top penlsh. Wash., to net 7 per cent and of Casper, Wyo., to net 6V4 per cent. Eugene A. Snowden, of the Ameri can Banker, New York, was a Port land visitor during the past week, calling on leading local bankers. He and Girvin Miller, San Francisco, purchased the new issue of $2,000,000 province of Alberta 6 per cent bonds, dated August 16, 1920, due August 16, 1930, report the entire issue sold and the syndicate books closed. These bonds were an exceptionally attractive provincial issue and were offered to the investor at 89.58 to net 1 per cent. Roy A. Johnson, resident manager of Carstens & Earles, incorporated, of this city returned from an extensive to,ur through the Willamette valley and reports the harvesting in full swing. He found a decided interest in high-grade bonis that are now be ing sold to net exceptional returns. M0NNEFT FUNERAL TODAY Portland Boy Leaves Father, Seven Brothers and Three Sisters. The body of Henry Monner, luiriber employe who was killed at a camp near Tillamook August 26 as the re sult of being hit by a, broken cable. was shipped to Portland yesterday and the funeral will be" held at 10 o'clock this morning from the Skewes undertaking parlor. Third and Clay streets. The deceased, who was 36 years of age, leaves his father, Anthony Mon ner, 528 Williams avenue, this city, and seven brothers and three sisters. as follows: John P. and Peter Monner of Kaskela, Or., Frank Monner of Vancouver. Wash., George Monner of Portland, Nicholas, Hubert A. and August T. Monner, all of Gateway, Or.; Mrs. Marie Seul of Portland, Miss Minnie Monner of Hood River and Mrs. Emma Vaughn of Portland. (All positions reported at 8 r. M. yester day unless otherwise indicated.) ADMIRAL. DEWEY, San Francisco for Seattfe, 334 miles from t?an Fr&nciscd. KLAMATH. Portland for San Francisco, 202 miles south of Blunts reef. ARGYLL, Oleum for Seattle, 065 miles from Seattle. - YOSEM1TE. San Francisco for Seattle, ten miles north of Blunts reef. C. A. SMITH, San Francisco for Coos Bay. 22S miles north of San Francisco. STORM KING, with drydock pontoon In tow, Seattle for San Francisco, 231 miles north of San Francisco DILLWTN, Point Wells for Richmond. 180 miles from Richmond. QUABBI.V, San Pedro for Seattle, 478 miles north of San Pedro. GOVERNOR, Los AnselM for San Fran cisco. 10 miles north of Point Arguello. HARTFORD, San Francisco for San Pe dro, 90 miles from San Pedro. "W AH KEEN A, 8an Pedro for San Fran cisco, 140 miles south of San Francisco. CITY OF TOPEKA. Marshfield for As toria. 70 miles south of Columbia river. PRESIDENT. Seattle for San Fnnnlvn 363 miles north of San Francisco. BROOKLINE, Bremerton for San Fran cisco, 33 miles off Grays Harbor at noon. BAXTER, Seattle for San Francisco. 290 miles from Seattle. ELLOBO. Lobitos: Peru, for Vancouver. 378 miles south of Cape Flattery. BURGESS. Naknek. Alaska, for Port land. 110 miles west of Northhead. SIERRA. San Francisco for Tlcoma. 205 miles north of San Francisco. BARGE 91. In tow Tatoosh. Aberdeen for Richmond, 553 miles from Richmond EASTERN GLADE. Grays Harbor for San Francisco, anchored In lower hav. Grays Harbor. ABNER COBTRN. Bristol Bay for Se- Pair Meet at Liir After 5 5 Years CENTRALIA, Wash.. Aug. 29. (Special.) M. J. Luark and Pat Roundtree. pioneer residents of this section, met at the Southwest Wash lngton fair Thursday for the first time since 1865. when they made trip together over the Chehalis river trail. At that time Mr. Luark was carrying the mail from Chehalis Point to Olympia twice a month. The route was from Chehalis Point to Montesano by sailboat, from where the carrier tramped to Olympia. Father Poclecha at Pe Ell. 45EMTRALIA, Wash.. Aug. 29. (Special.) Rev. Father L. Pociecha has taken charge of the Independent Polish church In Pe Ell. The new priest comes from Chicago. The mem bership of the Pe Ell church repre sents 100 families. It owns its church buikiing. parsonage and cemetery and is tree, from debt. attle. 250 miles off Flattery; 8 P. M.. August 28. CATHERINE D.. northbound, 176 miles south of Ketchikan. ELDRIDGE. Yokohama for Vancouver. 44 miles from Vancouver. HYADES, Belllngham for Honolulu. 20 miles from BeHlngham. SAN DIEGO. Tacotna for San Pdro, 20 miles north of Port Biakeley. ELDRIDGE. Yokohama for Vancouver, 102 m-iles from Vancouver. WHEATLAND MONTANA. "Yokohama for San Francisco. 595 miles ' from San Francisco. MAUI. San Francisco for Honolulu. 1232 miles west of San Francisco at 8 P. M . August 28. MATSO.MA, Honolulu for San Francisco. 881 miles west of San Francisco at 8 P. M., AUKU.it 28. ENTERPRISE. San Francisco for HIIo. 320 miles from San Francisco at 8 P. M.. August 28. ARCHER, Honolulu for San Francisco, 1126 miles from San Francisco at 8 P. M-, August 2$. MOFFETT, San Pedro for Vancouver. 256 miles north- of San Pedro. MER1DEN, Sallna Cruz for San Pedro, 518 miles from San Pedro. OLEUM. Port San Luis for Portland. 636 miles from Astoria. JOHANNA SMITH, Coos Bay for San Francisco, 58 miles north of San Francisco. EAGLE. San Francisco for Manila, 105 miles west of San Francisco. ERNEST H. MEYER. Columbia river for Redondo. 38 miles south of Pan Francisco. ATLAS, San Pedro for Ketchikan, 67 miles south of Pan Francisco. FRED BAXTER. Port Anzeles for San Pedro, 235 miles north of San Pedro. ALKI MARU, to arrive at San Francisco early Monday. i JOAN OF ARC. Valparaiso. San Fran-1 Cisco, 640 miles from San Pedro. HERCULES, tug. San Dleiro for Astoria. 492 miles north of San Diego. Pacific Coast Shipping Notes. SEATTLE, Wash., Aug. 29. (Special.) The new oil tanker Pearl Shell, owned by the Shell Oil company, arrived at Meadow Point oil station last night. This is the first visit of this unit of the Shell fleet to Puget sound waters. The Pearl Shell, while commissioned nearly two years ago. has been operated in Atlantic waters and from California to the orient- She carries 70,000 barrels of fuel oil On her first voyage to north Pacific waters the three-masted schooner North ern Chief, an Australian-built and owned vessel, arrived In port last Right and Is berthed at the Bolcom Canal Lumber com pany dock, where she is to load outward. Involving an expenditure of $5000. a con tract for removing and renewing the fore and mizzen masts of the schooner Alice Cooke, and making a number of improve ments about her decks, was awarded by the vessel's owners to the new A. W. Carlson Co. yesterday. Ready to load 1.2U0.000 feet of railroad ties for the United Kingdom, the Green Star liner Apus, a product of the Standifer yards. In Vancouver, Wash., arrived In Bellingham today from Astoria. After 'seven years' survice with the Mer chants' Exchange of Seattle, Charles A. Astley, . widely known on the waterfront and among shipping men of the Puget sound district, last night left the employ of the exchange to become connected with the sbate grain Inspection bureau. Completing a voyage of more than 4500 miles, the little three-mast British sailing schooner Northern Chief, 283 net tons, 125 reet In length, arrived In Seattle today from Vavau Vavau Island of the Tonga group In the. South seas. A deal making the Skinner A Eddy yard one of the greatest ocean-shipping centers of the Pacific coast was closed in New York city yesterday. The property, total ing 25 acres, will become the Puget sound terminal of the Intercoastal and a great trade fleet of the Isthmian Steajushlp line and aiso the fleet or the Societe Gen erale de Transports Marltlmes a Vapeur oi MarseijJesT France., Twenty-five American steamships and three French steamships, aggregating 271, 275 deadweight tons, will Div to and from the terminal to the ports of the Atlantic coast, Great Britain, France, Spain and North Africa. Tle decil was swung by Norton, Lilly A Co. of New York, general agents of the Isthmian line and the French corporation. The yard will make Its deibut as an ocean terminal September 12, when the Isthmian steamship Steel Worker will ar rive with several thousand tons of cargo from New York. The work of providing temporary terminal facilities win be be gun tomorrow, the yard already being well equipped with mechanical appliances ana Duu-amga. The deal helps to disclose the full ex. tent of the preparation being, made bv the Isthmian Steamship line and Norton, Lilly & Co. to develop an enormous scale in the Seattle routes. In the four weeks ending September 20 no fewer than five of the Isthmian line's big steel sht-ps will arrive tere from New lork city, bringing thou sands of tons of cargo. While the schedule of the new Ishmian services to ts-e .east coast and Great Brit ain has not been fully worked out, th number of ships ordered Into the Seattle routes means the arrival and departure ol one of the vessels in Elliott bay every week ox tne year. SAN FRANCISCO, Aug. 29. (Special.) A dozen big sailing ships, flying the German flag, which for six years have been lying Idle in the Mexican port of Santa Rosalia In the Gulf of California, are expected to arrive here within two months. n Arrangements .are being made to tow the vessels here, as their hulls are crusted with barnacles and foul with sea growth of semi-tropical waters. Scraping and painting, new gear and canvas will be required by the ships before they resume active service. It Is understood this work will be done in local yards. The shlDs are the Adolf Vinnen, Helwlg Vlnnen, Egon, Hans, Havestebude, Orotava. Kein bek. Schubek, Walkure, Wadsbele, Thlelbek and Lasbele. They were on the west coast when the war broke out and sought internment in the neutral port. Most of their crews escaped to German warships then la the Pacific. The coming of a fleet of new transports to take the place of 'the old Spanish American war carriers on the San Fran cisco-Manlla run is being awaited. The fiist of these troopships, built by the gov ernment at the Hog island yards recently, has made her trial trip. The main dimen sions of the transports are: Length be tween perpendiculars 448 feet, beam 58 feet, draft loaded 28.75 feet. They are equipped with 6000-horsepower turbines, designed .to give them an average speed of 15 knots. The steamer La Prlmera. arrlvlnr here late Saturday from Taltal with 900 tons ) of nitrate for the Dupont company, lent aid to the French bark Caroline, which was afire at Antofagasta July 18. The La Prlmera pumped into the burning vessel for two days before the blaze In the coal cargo was extinguished. Captain John Halvorsen of the La Prlmera re ported that the waterfront strikes on the west coast nitrate porta have been ad justed. With 73 passengers1 and a full cargo of Island products, the Matson steamer Lur llne. Captain Sandelln, was an early ar rival this morning from Honolulu. The freight included 67.781 bags of sugar, 60. 631 cases of pineapples and 1200 tons of molasses. Blunts reef light vessel. Captain Arendt, which was here for overhauling, has re turned to station. The French steamer Provldeneia, from Santa Rosalia for Tacoma, is In port tak ing fuel. Bound from Yokohama for New York with 8000 tons general oriental cargo, the Japanese " freighter Lisbon t Maru put in here today for bunkers. Dispatched by Dodwell & Co.. the freighter Genoa Maru left today for Yokohama and Kobe. PORT TOWNSEND. VTasn., Aug. 29. (Special.) A cargo of vegetable oil and general products of the orient was brought by the Japanese steamer Mandasan Maru, which arrived this evening from the orient. She will discharge part of her cargo at Everett, the remainder at Seattle. The three-mast schooner Northern Chief, arriving Friday from Australia with a cargo of copra, will load lumber for her return cargo. The little craft Is owned in Australia and flies the Australian flag. She Is the first sailing craft to come to Puget sound flying the flag of a British dependency. To complete a cargo of 4.700.000 feet of lumber, the Green Star steamer Apus will reach here tonight from Portland and -proceed to Bellingham. She loaded part cargo on the Columbia. - She will deliver her cargo at London. The Apus Is the fifth and last of the steel steamers built at Vancouver. Wash., by the G. M. Standi fer corporation. With nearly 800.000 feet or iumDer load ed at Port Ludlow, the schooner Camano was towed here this morning to sign a crew and clear for Callao. That calms and lack of tugs may not cause delay to the craft, she will carry a power tug on her deck to be used when required. The little craft launched a few days ago and placed on the Camano in the cradle. In which she slid down the ways. A cargo of fuel oil from San Francisco was brought by the tank steamer Pearl Shell, which arrived this morning. She discharged part of her oil at Portland and the remainder will be discharged at Meadow Point. The southeast gsle. the first of the season, which has been sweeping over this section during the last two days, has seriously interfered with wire communica tion to and from this city. Both tele graph and telephone wires have been pros trated as a result of the wind blowing partially burned trees across the wirea Normal conditions will soon be resumed. ASTORIA. Or.. Aug. 26. (Special.) The schooner Wm. Bowdoln arrived at 10 o'clock last night from Puget sound and will load lumber at St. Johns. The steamer Westward Ho arrived at 9:80 P. M. from San Francisco and pro ceeded to Portland. The British steamer Pilar Delarlnaga arrived at 9:45 from Balboa en route to Portland to -road. The new steamer Anus, carrying a part cargo of ties from St. Helens ror tne United Kingdom, sailed at 7 o'clock last night for Puget sound to finish loading. The motor schooner Astoria. IumDer laden for Australia, shifted from West- Dort to the local harbor at 10:30 today She will remain here several days for re pairs to her engines. The barkentine Monterey, iumDer lanen from Portland for South Africa. Is still In the lower harbor awaiting better weather before proceeding to sea. The steam schooner Daisy, arter taxing on. a part cargo or lumber at K.nappyjn. shifted at 6 tonight to Rainier to finish. Movements of Vessels. PORTLAND, Aug. 29. Sailed at 12:80 P. M.. steamer W. F. Herrln. for Mon terey; at 2 P. M., steamer Wapama. for San Francisco and San Pedro. Arrived at 9 P. M., steamer Westward Ho, from Mw York via San Pedro. ASTORIA, Aug. 20. Arrived at 9 last night, schooner William Bowden. from Se attle, In tow tug Oregon. Arrived at iu:io A. M. and left up at 11 A. M., steamer Westward Ho. from New York via San Pedro. . Arrived at 10:10 A. M. and left up at 3 P. M.. British steamer Pilar de Larrinaga, from Newcastle, England. TATOOSH, Aug. 29. Passed In Steam ers Pearl Shell and Apus, from Portland, for Seattle. COOS BAY. Aug. 29. (Special.) Sailed City of Topeka, for Portland, at 10:30 A. M. ' TACOMA- Wash.. Aug. 20. dez, for Alaska; Arizona Maru ha ma. SEATTLE. Wash.. Aug. 29. Arrived Steamers Admiral EVanv, from Anchorage: Skagway. rrom southwestern Alaska; Ad miral Sohley. from San Diego; Eurydamas, from the United Kingdom; Redondo, from southeastern Alaska. 6ailed Steamers Spokene, for 'southeastern Alaska; Nome City, for San Francisco. BENEFIT TO RIVERS SEEN KAIL RATES LIKELY TO AID IXLAXD WATERWAYS. Prediction Made on Announce ment of Through Service From Richmond to New York. . OREGONIAN NEWS BUREAU, Washington,' Aug. 29. In the estab lishment of a through steamer serv ice : from Richmond, Va., to New York, shipping board authorities see the beginning of a movement to put ships back on all the inland water ways of the country. Richmond, an inland city, is on the historic James river, more than 100 mites from the Atlantic ocean, but a big steamer carrying a full cargo makes one trip each way every week . and it ia thought that in onry a short time other ships can be added to the serv ice. The shipping board sees in the use of every river wide enough and deep enough to float any kind of a cargo- carrying vessel one of the solutions j for the present railroad freight traf fic congestion. Formerly the railroads used every imaginable scheme to get the business away from the ships and thereby drove practically all craft from the rivers. The traffic of the country, however, has grown so far beyond the present railroad facilities that the rivers are about to be called on for help which means the restora tion of water shipping, it is believed. In a plea for the improvement and higher use of the inland waterways. Secretary Thompson, of the national rivers and harbors congress, says: "Chicago is more than twice as far from New York as it was six years ago. More than that every place in the United States is now about twice as far from every other place as it was in 1914." "Of course, the number of miles be tween New York and Chicago, or any other two places that might be named, is just the same now as it always was but miles are not the only things to measure by. We might use time, for - instance, and it has been well said by an English writer that 'It is not mileage, but cost of transporta- $25,400 6 Gold Bonds TAX EXEMPT OF BAY CITY OREGON Yielding 6V2 GENERAL OBLIGATION BONDS OF . THE ENTIRE PORT DISTRICT The Port of Bay City. Oregon, located on Tillamook Bay. Is a natural harbor surrounded with fertile productive farm lands and in the heart of the great dairying industry. Twenty-four billion feet of merchantable timber lies adjacent, making this issue an unusually attractive investment. Denominations 11000. $500 and J100. Dated May 1. 1919 Maturing serially without right of prior option as follows: Denomination 1000's fl 500's 100's Maturity Price' Maturity Price 2000' May 1, 1925.. 97.99 S2000 May 1. 1926.. 97.63 1500 May 1, 1925.. 97.99 3000 May 1. 1928.. 96.99 2500 May 1.1926.. 97.IS3 3l00 May 1. 1929.. 96.70 3000 May 1.1927.. 97.30 3000 May 1. 1930.. 96.43 500 May 1. 1926.. 97.63 1000 May 1. 1929.. 96.70 1000 May 1. 1927.. 97.30 900 May 1. 1930.. 96.43 1000 May 1, 1928.. 96.99 1000 May 1.1931.. 96.17 Principal and semi-annual interest payable In New York City, or at the offices of Morris Brothers, Inc. Telephone or Telegraph " Orders at Our Kapense. MORRIS BROTHERS, Inc. The Premier Munlrlpnl Bond House, Between Kstahllnhrd iuarter of a Century. Telephone Ath and 6(k Morrln Hid k 30S-l I Stark St. Uroadway Streeta. ' Capital One Million Dollar. 2151 tion. which constitutes the true com mercial measure of distance " NEFF GAINS FOR SENATOR Lead Over Bailey In Texas Race Is Increased. DALLAS. Tex., Aug. 29. Pat.- M. Neff of Waco continued to gain on Joseph W. Bailey, ex-United States senator from Texas, for the guberna torial nomination, according to re turns tabulated from Saturday's dem ocratic run-off piimary. The Texas election bureau announced the fol lowing figures: Neff. 237.165; Bailey. 164,508. Lynch Davidson of Houston was still leading Lieutenant-Governor Johnson for nomination to that office. Supreme Court Justice William E. Hawkins was running behind William Pierson of Greenville for renomination. "Celling movies" are a welcome di version for hospital patients who must lie on their backs. il- for loko- Colombla River Bar Report. NORTH HEAD, Auk. 29. Condition of the bar at 5 r. M. toea. smooth; wind, west. 12 miles. Tides at Astoria Monday. y HiKh. Low. 1:01 A. M...T.9 feet!T:3U A. M...0.9 foot 3 :3S P M. ..8.0 feet'7:r. P. M. ..0.9 foot Pacific Power & Light Co. F.M.S'sofigso "At the market," about 76, to yield about i 8.65 Call or phone ..tfCliTrii.N I "V -til ' 1 1 1-JiTAj ' 'Wfcs 'III' tr -rl Maim MA NORTHwrrrERN bank u.04. 1 3 We Do More Than Collect Rents TN the proper man- agement of busi ness property, there are numerous details entering into the every day operations that the owner must make an exhaustive study to be ready to meet any problem which may arise. Our many years' ex perience in the man agement of property is invaluable to the property owner. Strong S r.3cT,3u?hton Portland ajioo mitt Building UootGON Buy Long Term Bonds We offer the unsold portions - $12,000,000 ' PROVINCE OF ALBERTA 6 TEN-YEAR GOLD BONDS Dated Aug. 16, 1920 - Due Aug. -16, 1930 Price 89.58 to Net 712 Qarstens & fiarles, Incorporated Third Floor U. S. Bank Bldg. Bdwy. 4108. Trade With the Orient With correspondents of the highest standing in China, Japan,' India, and other countries of the Orient, and branches in 1 all the principal ports on the Pacific Coast of North America, this branch is excellently equipped to serve the interests of the grow ing trade with the Orient. fThe Canadian Bank of Commerce Fourth and Stark Streets, Portland, Oregon Four hundred and eighty-five Branches in Canada, also Branches in London, England; Mexico City. Mexico; Havana, Cuba; Kings ton, Jamaica other Branches will be opened shortly in Central and South America and British West Indies. m s s? $ ? lw ? ? , I " -r F if .MIIWIMIIi - QWMiKneWsj r:'. "ntrr-r (WW-i-.V. M.T1Wy rvtTKT 2 Yyt " Li i1 4 -J J - t w... . . . rawa. -., iAf 'i -u- TV' HI 1 "!.X S0' View of one of Idaho Falls' Business Streets $480,000 CITY OF IDAHO FALLS, IDA. 1 TO 10-YEAR 6'2 IMPROVEMENT BONDS pmsm PRICED TO YIELD Q yQ T7ROM among- a wide choice of municipal bonds the Lura Jl bermens Trust Company selected and purchased this issue for the reason that it is thereby enabled to offer its clientele a splendid bond and a solid high-yielding invest ment. . it is the hub of one of the heaviest pro ducing irrigated agricultural regions in the west. More than 1,300,000 acres of irrigated lands valued from $200 per acre upward surround it. The city itself has a population of 10,000 people, is fourth largest in Idaho and njoys an immense trade. Its history is one of steady growth ; its future is one of assured stability because THESE BONDS ARE RECOMMENDED WITHOUT RESERVE m INCOME TAX EXEMPT L. J Bonds dated Sept. 15, 1920 Bonds Due Sept. 1921-30 Denominations $1000, $500, $100 Call or order by phone, wire or letter. f '' 1 Harlan Snporvtaion .Proton Sig fWUinJ? rVyartmtrp . Seattle PORTLAND San Francisco i iinigi 1 M ir II ill J. Ogden Aripour Guarantees This Bond One of the attractive features of the $6, 000,000 Sutter Basin Company Land Mortgage 8 Serial Gold Bonds is the un conditional guarantee by J. Ogden Armour of the prompt payment of interest and prin cipal. But aside from this feature, the bond is a good investment. " It is secured by a first mortgage on 55.122 acres of land in Sutter County, California, whose value is placed at $17,000,000. This mortgage is preceded only by a reclamation assessment of $3,850, 000, which has been funded into an issue of bonds none of whose maturities is earlier than the latest maturity of these bonds. The land, referred to above as securing these bonds is excellent agricultural and hor ticultural land. The soil is a rich silt, de posited by years of overflow of the Sacra mento and Feather Rivers. A system of levees and irrigation laterals protect this land alike from overflow and drought. The' stock of the Sutter Basin Company and theSutter Basin Improvement Company is also deposited as further security to these bonds. We recommend this security for your thor ough consideration because it contains the elements of soundness and high yield. Full information will be gladly given on request simply ask for Circular M830. Price: 100 and Interest, Yielding 8 Blyth, Witter. & Co. - VOTED STftlES GCVERJtTlEKT MUKICIPAL AK1 C0RPOR,MIOIl BONDS ' Main 8183. Yeon Bldg. Portland.