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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (March 16, 1922)
J THE MORNING OREGONIAN, TIIURSDAT, 'MARCH 16, 1922 REVENUES OF POWER GOMPir INCREASE;! . t Double Trading Stamps Given Today on Gash Purchases in All Departments Continuation of Improvement Expected as Soon as Condi tions Keturn to Xortnal. Surplus Gains 15 Per Cent, i 3 Earnings 3.3T Per Cent. t is if REPORT BEST IN YEARS id :5 15 1 v 5 2 Both the physical and financial tructures of tlie Portland Railway, Light & Power company showed substantial strengthening during, the past year, according to the annual report of Franklin T. Griffith, presi dent of the big traction corporation, which was read at th annual meeting- of the stockholders, held in the executives office of the company in this city yesterday afternoon. In several ways the annual report "was the most satisfactory one in years and indicated that the company was in better condition than at any i time since the outbreak of the world v war. The summary of service exten sion reflected a considerable growth in population. One important point brought out by President Griffith was that the net surplus of the company tor last year increased 15 per cent above that for the preceding year and reached a total of $822,000. He predicted that with the return of normal conditions and the growing demand for the com pany's service, the earnings would continue to improve. Earnings ShoiT Increase. Gross earnings showed an increase from $9,564,615 to $9,922,242. or 3.74 per cent, while net earnings increased from $3,530,461 to $3,647,302. or 3.31 per cent. The number of light and power customers increased from 63,285 to 57,477, or a total of 4192. The salient features of the annual report as read to the stockholders yesterday were as follows: "The year 1921 witnessed a-. mate rial strengthening of both the physi cal and financial structures of your ' company. A. larger sum was expended in betterments and improvements than during any year since 1912. AU j 'bank loans and short-terms indebted ness were paid or funded into long term securities. The payment of div idends was commenced on the firs! preferred stock, being the first divi dends declared on any of the stocks of the company since June - 1, 1914. -The year closed with the company ,'i better physical and financial condi tion than at' any t.ir.e since the out break of the world war. SorplDM 15 Per Cent More, "Notwithstanding the decrease in railway earnings, the net surplus for the year Increased 15 tier cent over the net surplus for the year 1920, reaching, for the year 1921. $822,000. This increase in net surplus is, of course, gratifying and encourages us in the belief that with the return of normal conditions and the growing demand for our service, especially in the light and power field, the earn ings will continue to improve. "During the first six months of 1921 the earnings of the city railways showed increases over the corre sponding months of 1920, due to the fact that the comparison was made between an eght-cent fare for 1921 against a six-cent fare in the first half of 1920. The number cf pas sengers carried, however, in 1921 was less than in 1920. due to the gradual decrease in industrial activity and the consequent unemployment. "During the last six months of 1921, with the same rates of fare as during the last half of 1920. the re-, duction in street railway passengers v.-as greater than during the first half of the year 1921, but this reduc tion was fairly uniform during each of the months of the last half of 1921, indicating that the unemployment in Portland did not materially increase after July 1." l!ght nnd Power Prospers. President Griffith in his report speaks with particular optimism con cerning the situation in the light and power field, and says: i "Notwithstanding the industrial in activity, resulting in greater unem ployment in Portland in 1921 than in any of the last five years, the light end power department continues to show increases in the use of electric energy and in revenue derived there from. Showing as we do an increase in the use of electric energy during a period of business depression, we be lieve we are justified in our optimism as to the future of our light and power industry. During 1921 we completed the in stallation of the new 12,500 kilowatt turbo-generator in our station L steam plant, making the capacity of our steam operated generators 35.000 kilowatts." Concerning the comprehensive hydro-electric development n!ans the company has in mind. President Grif fith adds: "Your directors have approved the plan of developing additional hydro electric nower on thi, hpnrlwatprc rf the Clackamas river. During the year ) A nnsiHppjlhlfl pnennArinr, niiH - i v - '.4 pioration worK nas Deen carried on wa and plans for the installation of the ' R Initial unit in this proposed develop- m ment are rapidly being perfected j Jj Prior to the beginning of actual con- i P5 etruction on the development proper it is necessary to construct a road about 25 miles along from Cazadero to the site of the proposed develop ment. This road has been under construction during the last eight months and will require the employ ment of a considerable force of men to complete it during the year 1922. I nit My lie Ready in 1934. "It is estimated that we will be able to complete the first unit of the development by the summer-of 1924. The first unit will have a capacity of 33-.000 horsepower and will be a part of the ultimate development of this project, which is expected to reach 100.000 horsepower. The cost of in stallation of the first unit is esti mated to be approximately $3,500,000 and the advantages to be derived from this increased capacity should, your directors Confidently believe, materially increase the earning power of your company." President Griffith announced in connection with his annual report that 1 Suits for Sport and Dress Wear In a Feature Showing at Popular Prices Second Floor $29.50 $45.00 $39.50 $55.00 Second Floor The best of the new season's modes are repre sented in this showing of popular-priced Suits. Each style tells a fashion tory all its ova and reflects a smartness not to be denied. And) the materials are those most in demand right at the present moment, such as Homespuns, Eponge, Tweeds and Tricotanes. High-class tailoring is an- Sport Sweaters At $5 Center Circle, First Floor Here is an unusual onnortunity to se cure a splendid Sweater at a low price. Made oi light weignt woolen yarns. Latest tuxedo style. Fancy weave trimmed in contrasting colors. Just the thing for Spring wear. "Honey dew, jade, tan, copen, pink, (PfT ff navy and' brown; only DOJJ Other New Sweaters Silk Sweaters in plain weaves, checks, stripes and block effects. Some with scarfs. Prices range S22.50 to $47.50 2d Floor. New Wool Sweaters in slip-on and coat stylfes. Medium and heavy. Priced at $5 to $18.50 other important feature of these Suits which add3 to their merit. The range of styles includes- box, flare and fitted-back models with many variations in trimmings. Also attractive straight-line effects trimmed with bias folds. Black, navy, rose, tan, copen fancy plaids and mixtures. Priced $29.50, $39.50, $45.00 and $55.00 Second' Floor. . New Spring Blouses Second Floor-Captivating modes in tailored and dressy effects to wear with Spring suits. Geor gette, Crepe de Chine and Trico lette in all the bright new color ings. Trimmed with beads, braids, laces, etc. Some with fancy fiJK vest fronts. Special today Silk Petticoats At $5 Second Floor Pussywillow Taf feta, Satin and JerseyPetticoats in a variety of new styles with ruffled, plaited and tucked flounces. Fuchsia, purple, jade, rose, red, henna, brown and tan. Extraordinary values $5 Double Trading Stamps. RELIABLE MERCHANDISE l MORRISON. AIDER. WEST PARK. AND TFrTTH RELIABLE METHODS. STREETS. I Candy Chocolate's, fresh OF and delicious, a lb. C ream Fudge pure and wholesome; everybody likes it. On spe- OQ cial sale today, lb. . Candy Department . Main Floor Nestle Hair Waving The Nestle .Wave resists dampness, humid atmosphere, etc. Have your work done, here by experts. Telephone Lfor appointment Mar. 480O. Beauty Parlors, 2d Floor Mail Orders receive careful and prompt attention. Out-of-town, people are invited to make full use of this spe cial service at all times. S. & H. Green Trading Stamps given upon re quast. "Shop by Mail" Notion Sale Main .Floor 15c Curling Irons, only 11 Darning Cotton in white or black; special, 4 balls for 15$ Priscilla Hairpin Cabinets, regular 15c values; special 10 Pocahontas Pins, a paper 40 Bone Hairpins, assorted, 100 15c Kid Curlers, special 100 50c Trouser Hangers at 83$ Elgin Maid Crochet Cotton in light blue only; 2 balls for 50 8c, 10c Rickrack Braids at 60 Spool Cotton, all sizes, white or black. Dozen 650, spool 60 Barbour's Lanen Thread, in brown only. All sizes, at 150 Defender Safety Pins for 40 20c Sew-On Hose Supporters for women. Special, pair, 130 Notion Dept., Main Floor Combs Casque Combs, Spanish Combs, Side Combs, Back Combs in all the, newest shapes. Plain or with rhinestone and other fancy mountings. Shell, amber and dtemi-blond'e effects. Boys' 2-Pant Suits Main Floor Correct Styles Best Fabrics Parents who are- look ing about for real value in Boys' Clothes are in vited to see this attrac tive showing. Tweeds, cassimeres and serges. Strictly hand-t a i 1 o r e d Suits in- the new plaited models with loose belts and patch pockets. Extra pair of pants with each suit. $13.50 to $27.50 $12.50. Suits. $9.45 Odd lines Boys' Suits from our regular stock re duced in price "for clear ance. Loose belt styles, JJ pairs full lined pants with each suit. Mostly browns. Broken range of sizes 7 to 17. On spe- (JQ A r cial sale today DTXt) Black Cat Hose in heavy and medium weights. On sale at 500 to 600 pair. Boys' Caps in fancy tweeds. $1.00 to $2.25 fk $10 and $11 Pumps, Oxfords $7.95 High-class footwear of John Kelly and C. P. Ford makes. You cannot afford . to overlook this opportunity to buy shoes of known quality at the . price of the inferior grades. 2-Strap Pumps of black kid with walking sole, mili tary heel, imitation tip. Wry smart and dressy for street wear. Q"7 Q $10.00 Pumps; special at l.JU Laced Oxfords of brown kid with welt soles and Cuban heels. Blind eyelets and straight stitched tip.' Reg- rT ular $11.00 Oxfords, pair D JO 1-Strap Pumps of soft black vici kid with leather junior Jjouifi heels and hand-turned soles. Exceedingly dressy. Qry OPT Regular $10.00 Pumps, pair 3 ' eiO Tongue Pumps of black kid with beaded shield at instep, light weight, flexible soles and low curved heels. These sell Qrj QJT in the regular way at $11. D ' Eyelet Oxfords of black dongola kid. Five-eyelet .pattern with Goodyear welt soles, baby Louis heels, medium narrow tip- less toes. Regular $10.00 Oxfords, priced special, at " ecJ Main Floor OWK Coffee 29c Lb." Tree Tea Ceylon, English 4th Floor-No deliveries ex with other, purchases made in the Grocery Dept. OWK Im perial Roast Coffee has no su perior at 40c pound. OQ, f Special 3 lbs 850 lb. V-' Breakfast or Uncolored (TF Japan. 1-lb. package -cH- Aluminum Tea Ball with each package of the above tea. Royal Baking Powder 370 HEADQUARTERS FOR MORSE'S GARDEN SEEDS Model Grocery, Fourth Floor The Art Needle Shop is an interesting place these days. New novelties are constantly ar riving and. the woman who would keep posted on the latest ideas will find them here. Pay an early visit to this department. Second Floor Very New! White Yarn Laces and Movers Main Floor 36-inch Flouncings and All overs of filet and hexagon mesh net, em broidered in wool in many beautiful de signs. White and cream. Also white Cirette and Spanish effects in allovers and flouncings. Prices range $4.50 to $6.50 New Paisley Georgettes Main Floor Th last word in smartness for Spring frocks and blouses. Exquisite Pais ley patterns in the gorgeous new colorings. 40 inches wide. Blues, greens, etc. $3 yard. New Metal Girdles For Sport Wear, Black patent Girdles trimmedi with cellu loid rings and small silver rings celluloid and metal ring combinations and all metal Girdles in novelty designs. Spe- OF daily priced for today's selling OA Ait) Imitation cut steel, celluloid composition, suede with celluloid1 trimmings and suede with steel band trimmings. Spe- (PO fT A ciaHy priced for this sale, at only 0Ait)v) I M arch Sale of China and Glassware A wide range of merchandise available from the finest Minton and Coalport .English Bone China to the humble earthenware teapot. table crystal also here at generous savings. Only a partial list follows: Sparkling Empress White Semi-Porcelain Plain Shape Oatmeal Dishes at only 150 . Pie Plates, priced at 120 : Meat Dishes priced at 250 Sauce Dishes, special at 70 Decorated Semi-Porcelain Dinner Sets at attractive , special prices. 32-p. white, gold stp., $4.98 46-pc. Morn'g Glory, $8.95 -55-p. White Empress, $9.50 46-p. Blue Medallion, $9.98 55-p. Pk Rose bor., $13.35 Si i 1 1 g Lunch Plates priced only 156 Bread and Butter Plates, 100 Soup Plates at only 150 Cups and Saucers at 250 Open Stock Items Also ' on Sale floral border, or white, gold. Sauce Dishes, special, 100 Bread - Butter Plates, 130 Pie Plates, special only 150 Dinner Plates at only 280 Oatmeal Dishes priced 200 7-in. Vegetable Dishes, 400 Bowls priced special at 350 Open Stock Items in Thin China Thin China Sauce Dishes 200 Bread and Butter Plates 350 Thin China Pie Plates for 400 irun China Lunch Plates 450 Thin China Dinner Plates 500 Thin China Soup Plates 450 Thin Bavarian China Dinner Sets 47-Pc. "Friedland," floral $24.75 52-Pc. "Danzig," spray at $26.55 99-Pc. "Garland," pink bor. $49.75 99-Pc. "Rochester" at only $59.75 51-Pc. "Sylvan" Dresden $34.75 And many other Sets in Thin China at like savings. China Dept. Third Floor R ug-iiiiyiir ime Right now at the beginning of the house-cleaning season is the time to select your new floor coverings. Our showing of high-class Rugs is complete and our prices are the lowest in the city. Double Trading Stamps given today. Axminster Rugs $31.00 Third Floor 9x12 ft. Axminster Rugs priced 8.3x10.6 Axminster flJO Rugs priced at' only 7.6x9 ft. Axminster QOO KA Rugs priced at only 3Ait)U 6x9 ft. Axminster P"J Q CCft Rugs priced at only 9x7tlU Velvet Rugs 9x12 ft. Velvet Rugs On PO in best colors. Priced at DHt)U 8.3x10.6 Velvet Rugs at $24.50 7.6x9 ft. Velvet Rugs at $21.50 6x9 ft. Velvet Rugs at $19.50 Wool Fiber Rugs These Rugs are not only attractive but serviceable as well. Very suitable for any room in the house. Assorted colors. Wool Fiber Rugs, size 9.x O FA 12 ft., assorted colors. Priced DAfcUt)lr Wool Fiber Rugs, size 8x C1 1 Art 10 ft. several patterns at tD-LA.UU 7.6x9 ft. Wool Fiber Rugs at $9.50 6x9 ft. Wool Fiber Rugs only $7.50 Apgar Wool Fiber Rugs adapted for m living ' room, dining room and bedroom. "Shown in entirely new de signs and beautiful colors. Note prices. Apgar Wool Fiber Rugs, r AA size 6x9 feet. Priced at 5J.i)UU Apgar WqoI Fiber Rugs, 7.6x9 ft. several patterns Apgar Wool Fiber Rugs 8x10, $22.50 Apgar Wool Fiber Rugs 9x12 ft, $25 $20.00 Klearflax Linen Rugs In All Sizes easy' to clean, moth-proof and long wearing, Klearflax Linen Rug.s make the ideal floor covering. Klearflax Rugs arc shown in all the newest colorings. 9x12 ft. Klearflax Linen Rugs at $15 9x9 ft. Klearflax Linen Rugs at S:i I 6x9 ft. Klearflax Linen Rugs at $23 4x7 ft. Klearflax Linen Rugs at $14 3x6 ft. Klearflax Linen Rugs at $8.00 8x10 ft. Klearflax Linen Rugs at $31 $11.50 Chenille Carpet Special $9 Sq. Yd. Finest grade Chenille Carpet in wanted colors. Beautiful, rich and serviceable. Two widths 9 ft. and 10Vi ft. Blue and taupe. Regular ?11.50 ?Q ff Carpet, priced special, sq. yard Oc.Ut) Rug Department, Third Floor Basement Sale Spring Hats $2.98 Basement Hats for immediate wear. Many women will welcome this opportunity to buy an inexpensive hat for the early part of the season. Exceptional values; attractive styles. Trimmed with ostrich, wreaths, (PO QO flowers, etc. Basement extra special &JO Hat Braids, 49c Bolt preference ytock was proceeding- in a gratifying: n anner. and he stated that up to February 28 a total of 1806 em ployes had purchased 2957 shares of this stock and the public subscriptions had ljeen 444. with a total of 1771 shares purchased, thus adding 2250 new stockholders with holding's ap- o-r-cr Qtin 1 4 7 2 KlVrt r f tha new seciiri- l.c p.r,.i uimviuo .mane-ins , ties at the end of February. sfjected the site telephone and telegraph building:, which is belngr erected by J. A. How erton adjacent to the Southwestern Washington bank on Main, street. of the new Ilwaco throug-h th? sale of 7 per cent prior ; HOT TEA BREAKS j A COLD TRY THIS vt a small package of Hamburg xsreast Tea at any pharmacy. T ke a. tabiespoonf ul of thin namoorg tea. put a. cup of boiling water upon it. pour through a .sieve and drink a teacupful at any time It is the most effectiv. way to break a cold and cure grip 43 it opens the pores, relieving conges tion. Als" loosens the bowels., thus "breaking a cold at once. It is inexpensive and entirely vege table, therefore harmless. Adv. The stockholders" meeting re-elect ed the present board of directors, con sisting of the following: J. C. Ains worth. V. M. Ciark, K. W. Clark. H. L. Clark. t I. FuP.er. F. T. Griffith. C.N. HugKir.s. F. V Holman, O LS Coldwell, W. M. badd. Of, len Mills. C. F. Swig gert and Frederick Strauss. l'honc Orfk-ials Visit Ilwaco. ILWACO. Wash., March 15. (Spe cial.) A party of Bell Telephone company officials visited Uwaeo on a tour of inspection. Wednesday. In cluded in the party were J. K. Gar diner, district plant engineer; x. H. Griffith, division commercial agent, and F. W. Sinclair, manager at Van couver. Wash. While here they in- 1000 TO REVIEW FILM Ministers ami Educators to Pass On "Pcnrod" at Liberty. More than 1000 local ministers, edu cators and persons interested in the welfare of boys have signified their intention of attending a special pre view of the photoplay. "Penrod," ' at the Liberty, Saturday morning, it was announced yesterday, by the theater management. "Penrod." the film version of Booth Tarkington's famous series of stories of the same ."name, tomes to the Broadway showhouse SaLurday. " 'I'enrod' is simply an exemplifica tion of the fact that the screen can and does produce works that are proper and amusing for children," says Manager Noble. "The photo play " 'Penrod' follows Mr. Tarking ton's original story to the letter." Among those who have been in vited to pass judgment on "Penrod" are some 200 .ministers, members of the Portland council of churches, the school board, superintendent and of ficials, all local principals and teach ers. Judge Jacob Kanzler and the at taches of the court of domestic re lations. Boy Scout executives and scoutmasters and the heads of all parent-teacher organizations in the city. Perdue vicinity for several years. Dunham says he knows nothing of the crime with Which he is charged, and that he will waive extradition and return to- Kushville to stand trial. Read The Oresronian classified ads-. Nebraska Fugitive Under Arrest. . ROSEEURG, Or.,. March 15 (Spe cial.) Tracy A. Dunham was arrested today near Perdue by Deputy Sheriff Hopkins, following the receipt of a warrant of arrest from Rushville, Neb., charging -Dunham, jointly with two others, with the crime of cattle rustling. Dunham came here about two weeks ago with his wife and three small children from Nebraska and has been visiting with his par ents, who have been residents of the Beanty Contented' Ton are always confident that your beauty has been developed to the highest of its possibilities after using Couraud's Oriental Cream. 5c for Trial SL . Hapicms it So. Kw York I T " j RED PEPPER HEAT STOPS I The heat of red peppers takes the "ouch" from a sore, lame back. It can not hurt you, and it certainly ends the torture at once. When you are suffering so you can hardly get around, just try Red Pep per Rub. and you will have the quick est relief known. Nothing has such concentrated, penetrating beat as red perpers. Just as soon as you apply Red Pep-pe;- Rub you will feel the tingling heat. In three minutes it warms the sore spot through and through. Pain ar.d soreness are gone. Ask any druggist for a jar of Rowles Red Pepper Rub. Be sure to get the genuine, with the name Bowles on each package. Adv. I Stops the coudh, letsjyou sleep0 NOTHING- is more annoying, after working all day long than to go to bed at night and cough and cough and cough. It takes all the pep out of a mas doesn't itl Dr. Bell's Pin-Tar-Honey will stop this I Its balsamic and healing antiseptics brinsr speedy relief. Good also for colds and hoarseness. All drusffists, 80c IfcBelfs fine-Tar-Hon for Coughs and Coli W da The C. Gee Wo mi:duik CO. C. GUii Wo has made a life study of the curailvs pro pertles pos. sessed in roots, herbs, buds and bark and has compounded there from his wonder ful, well - known remedies, all of which tra rr. fectly harmless, as no poisonous druts or narcotics j t any kind are used In their make up. For stomach, iun, kidney, liver, rheumatism, neural catarrh, bladder, blood, nervcuenrm. gall stones snd all aisordt-rs u. t-.-.tn, women and children. Try C. Gee Wo s Wonderful and Weil-Known Hoot sn4 Herb Remedies. Good results will surely snd oulckly follow ..r a nik for information THE C. (iEE WO CHlNbM-. MEDICINE CO- i 163 ii First Street, Portland. Ott.ur i i I I