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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 13, 1919)
THE MORNING OREGOXIAN, MONDAY, OCTOBER 13, 1919.
DEPOSITS INCREASE ffj
IN OREGON BANKS mi ffm
Portland Financiers Make
Tour of South Counties.
TOURIST HOTEL FINANCED
Vidc Will Hbv Larrc Resort
That Will Bring Man Tourist
Who Desire Comfort at Beach.
Ore on bow numbers 12 banks having
0polt totaling; In excea of f l.OOO.OOO. To
tal deposit of hm banks of Iba stato wero
J.H.44l.5JM. Septcmbor 12. tb date of
th last call of tho state superintendent of
banks and the comptroller of tbe currency,
an Increase of f 32.512.tt7 14 since tbe pre
ceding call of June 30. Portland bank de
posits were $14.340.666.61. and Pendleton
Akea second plac with IS.471.435.1MJ. As
toria km In third place and tfaletn in fourth,
both having a very satisfactory Increase In
totals. Med ford takes ninth place, held by
Oregon Ctty in tbe previous call, and the
latter drops to eleventh place. Klamath
si remains In tenth place with a gain
f I36d.4m.79. Mcsltnnvllle advances from
sixteenth to thirteenth place, with an tn
' cre of I403.ls3.4i. parsing Corvallts,
BoMburg and A a rah field. Newberg, for
est Grot and Prinevlile were added to the
list of towns having more than 91.000.000
It was due to the initiative of the bank
ers of Kiamath Falls, Med ford, Ashland.
Grants Pus and Koseburg, through co
operation of Portland financiers with tbe
Portland Cham ber of Commerce, that a
special train bearing more than 1 25 repre
sentative of Portland business institutions
are this week touring southern Oregon, The
banker is, by virtue of bis position, a lead
er In tbe comercial advancement of his
community. Whether or Hot it i the famy :
4f the banker to be so. he Is essentially tbe j
counsellor, adviser and sometimes the
court of last resort for the citizens of his
community. It Is a trust of much conse
quence and discharged with a fidelity so
rarely violated that the stranger in any
community Judges a town by Its bank
official. The Oregon Bankers' association
has taken a foremost place in lis aggressive I
efforts to give encouragement to basic in
dustries, especially agriculture, horticul
ture, livestock; and manufacturing.
IF YOU have or
are about to have
money to invest
drop in here for a
the best ways and
You will find us fully in
formed on the market for
and Corporation Bonds
and ever ready to give
advice, suggestions and
"First choose your
v-u Bond House then
fc the Bond."
U yT ftOVIMWOT rWMriTAL AKS COWOWMM
1 " BONDS
bany banks, Portland banks and bond
brokers, one Seattle firm and some east
ern bond house.
CJUiUN SECURITIES PAY
When Vice-President Etheridge of Mor
ris Brothers, lnc hits tbe train. It 1m-
tnewl lafl N-rkmavei a m mrm t ra 1 1 It
when the Indomitable energy of the man I KXCIX.VNGE
who huulders responsibility for putting
over loan drives was directed to the task
of financing tbe proposed big tourist ho
tel for Seaside, that hotel men began to
Th. i.r. and tii farmer." id Governim-nt and Municipal Bonds
eo Portland hotel man. "When the lark
BLE YIELD TO BUYERS.
heard tbe larmer say that he was going
In cut the grain, sne promptly Informed
ber brood that they would have to move.
When Jack Etheridge started to put over
the financing of a botel company, we knew
that w must get ready to take care of the
tourist travel that will make stops in Port
land going to and from the beach resort."
The Lumbermen's Trust company Is of-
of Canadian Provinces Are Pay
able In Gold In Xew York.
The price of exchange on pounds ster
ling Is bringing the American investor the
most desirable Canadian government and
ment and municipal bonds to clients and
5.50 to 6 per cent. These bonds rank
faring to Its customers an opportunity to j equally with our own state and municipal
Invest In the I3.1M2.4UO issue of 7 per cent I bonds, but have the added advantage of
preferred stock or A. (. Kpatdlng fc Bro- I much higher interest yields, tsy way of
titers, engaged In the manufacture, dis- I Illustration, bonds of the state of Oregon
tnbutlon and sale of sporting goods and I are now being offered In New York on a
equipment. Of this Issue, which is offered I v per rent basis. Tbe normal price for
at a price of loo and accrued dividends. I county obligation bonds runs in the neigh
borhood of 4.70 to 6 per cent; municipal
bonds run from 4.70 to 5.25 per cent, while
the Canadian securities average 54 to 64
per cent for provincial government bonds
and 5h per cent to 6 per cent for
"It seems that the Investing public has
become cognisant of the fact." said John
U ICtheridge, president of Morris Brothers.
Inc.. "that government and municljial
bonds of the Canadian provinces are very
Exempt From All Dominion Government Taxation
Province of Saskatchewan
4 Gold Bonds
DUE: July 1, 1923. Interest and principal pay
able in gold in New York or Toronto. Interest
payable January 1 and July 1 of each year.
DENOMINATIONS: 100 and 200
(S486.0O and $073.33)
We believe that we are particularly fortunate to be able to offer in
vestors and clients such an attractive issue of general obligation bonds as
these from the Province of Saskatchewan. Investors will immediately see that
these are very unusual securities, on account of the fact that they have behind
them all the taxable resources of the entire province, all of the taxable prop
erty and wealth being pledged to the payment of both interest and principal
as they become' due. The full faith and credit of the Province, backed by
all its resources, guarantee these bonds. The interest yield of 6 is ex
ceedingly profitable. On account of the great desirability of these bonds
we ask -interested parties to call as soon as possible, or wire orders at our
expense. Be a coupon clipper.
The Premier Municipal Bond House
Capital One Million Dollars
MORRIS BUILDING, 309-11 Stark St., Between Fifth and Sixth Sts.
Phone: Broadway 2151 PORTLAND, OREGON Phone: Broadway 2151
Established Over a Quarter Century
Where Minds of Great Capitalist and Labor Leader Met in Agreement
Sl.942.400 was taken by stockholders and
employee of the corporation, leaving a resi
due of 12.000.000 that is open to subscrip
tion by the general public. i
Martin J. Geary, well-known railroad
traffic man, has accepted the position of
nanager of the Union Safe Deposit a Trust
company. Mr. Geary was city ticket agent
f tbe Kock Island system previous to gov-
rr.n,'n,,,?' 'T?il'z?fi-zi? v N"-.bi; v;;r riVtr fuW
tic, of the company at Chlcaco. He hu
broaffht hi family back to Portland to
tak. up tnclr permanent residence.
Ins suh bonds Rives the Investor the bene
fit of a condition In which international
affairs play an Important part. It Is due
to the fact that the American dollar will
buy more In proportion in Canada and
England than the .nfflish pound sterling
Freeman Smith A Camp company were
vne mcccMful bidder lor the issue of I iti t .hi. ,.,.... .nH t-.m.,-K
Aberdeen. Wash.. SH per cent viaduct theM bonds are payable In gold In New
"'"-" compeinion wnn yorl, both as to Interest and principal,
seven other bidders. This is ao issue that they have every advantage for which the
will mature serially In from 10 to 20 years, investor is seeking."
and la amply secured with the assets of a' Mr. Etheridge pointed out that Morris
Evidence That Andrew Carnegie, the Late Steel
hJif, Had i sllb. In Honda.
fly that IKf"' traders -sjssrvee
rthey mltrht cover easily and triei
result was a sharc) advance.
Th death of Andrew Carnegie, should
have no Influence on the stock market
because his fortune Is largely In bonds
and I .nd these are basic ones of which the
market SUDDiy is always scant.
even if his -estate wanted to sell, which
It probably will not. it would find ready
takers. It Is belle vea mat it ne nsu
left additional millions for public uses
the bonds now In his estate will be the
best form in which to continue the in
vestments add none will be for sale In
John Mitchell, Union Leader. Also Invested Hla
Funds In Securities.
f crater Is 12,000 feet acro3
Financial Man Is
ly Pleased With
w r ii i
jNonu jest uuuooj
ParsMtrapb Clipped From Finnnclal Review Ap
pearing; Recently In Portland Journal
Inder New York Date Line.
&TE UNIONIST WEALTHY
JBr.lnhn 1U-1tAli.11 Hma.i1 TLTnc
,ad-. $250. 00f to Family.
I ' WHITE PTJtTWS. N. T- Sent. 38.
ol John Mitchell, former president of the
United Mine Worker of America, left I
'-v...i- . ... ' . -f
t""-" , an estate or f zmj.ooo. mostly In stocks
; " anJ bonds, according; to a -petition for
(ir.ioi a vi ftUinuiuuftuiiD luca la ins
surrorat&. court of Westchester
P"3' county' today
In a will written In his own hand
tr. he I si-.ortly before his death, bat believed
scrscs ,e be Invalid because it lacked wit-
- I nesses. the labor leader bequeathed
aiali but ilO.000 of his estate to his
( j wife and children. Tbe S10.000 was
. to be divided among; other relatives
'and close friends.
rich and prosperous community that Is
making rapid growth. The same boi:d
house has taken delivery of JiA.OOO Top
penlsb. Wash.. 7 per cent Improvement
bonds, maturing In 10 years. Both of these
eeues will he offered to customers In a
short time on a very attractive basis.
Brothers, Inc.. had purchased and sold
millions of dollars of Canadian govern
ment and muntc tpal bonds to clients and
Investors during the laet few years, know
Ing that they were giving them the safest
possible securities on a basis where the In
terest yield will be exceedingly profitable.
A via t lti IbpIv tf raff Irs) Iknii of kwtnria
swuusi ana i rmm th nrnvinr or .N&MKAtr.nevva.n
ravcsuneni secttriTis. nave round it neies
sary to take additional floor irpace on the
second floor of the Northwestern Bank
building, and have leased the rooms for
merly ud for the liberty loan headquar
ters. Mr. G. E. Miiler recently returned
from a business trip to New York.
Durchajted last week. This is one of the
western provinces of Canada and Is known
1 as a great wheat producing section. This
issue Is $8,aOO and Is due in lD'jj, adding
the advantage of early maturity to Its
other attractive features, and will yield
New offerings of the L.umbermene Trust
company Include Slo.ooo school district RAILROADS CAN'T SKUL STOCK
wnu VI ww BL llsma COUHIJ, JB., QUfl
Auiimt 1. 144, but optional after lftJ4.
irlrr wStrUaSAtTh.." F,MBC,I Authorities Think Cum-
school district bonds. tO.000. Interest rate
per cent, sold at a price to yield t.90. and
three-year n per cent gold notes of tbe
American Telephone A Telegraph company.
oiierea at a price to yield investors about
rains Bill May Work.
Financial and railroad authorities are
not entirely In agreement as to the reme
dial effects of the Cummins bill. But It
" pr wni. i ne same compsny naa Just I i. 1 1 v m th.t It msv ba made
oulred of t0.000 Skagit count,, hat n,. with soltabT. amna!
.""Jr.??,"'1-?r':rl,,.S, cent menu. It is recognised that rate, must
is9 rZZa V?i . ?o a he readjusted, and that It will require
JSd' b,rf. 17 i.! T C"" to make the chance, hence the pro-
Siirirt ?. f drainage TUion for continuing the standard return
district r.o. T. Both of these Issues will , , ,h. .fter the bill becomes
be offered investors soon.
for four months after the bill becomes
law, during which time the Interstate
.... m ..nn I. rmn It i .H t n w .
Persistent rumors that the controlllnr ..kii.i. ih will rlva the roads a
stock in Victor Talking Machine company fair return.
was being transferred to LiuPont Interests Commenting upon the effects of money
or that some scheme of consolidation with rates on the railroads, the National City
the Columbia company was being consld- bank of New Tork says:
red- r denied by Eld ridge R. Johnson. since 1B10. very few railroads have been
president of the Victor company. He de- able to sell their stocka This has been
c'ar there has been no negotiations for due In part to an advance in the level
Its purchase or any suggestion of such ne- cf Interest rates which has depressed the
goclatlons from either side, and expressed prices of securities, and It is of course
the opinion that the rumors are circulated cut of the question for m railroad to sell
by interested Parties who bava stock for i, m-h.n It. Anrstandlns- Issues are
ssvla. I i . j 11ni,t heiow Dir. Probably this
r.ctnr of hlzher money rates has had
The board of directors of th. x-.-.i more to do with the Inability of railroads
Bank of commerce In New Tork. October continu. f.nanc in. .neme witn
iZZZ ?h"i Tn. loi-Vh.ch was a year ..r
capita of ih. InstlTut.oo. Th,r .:-.k!P at par. The price in the market at that
inrrrase e similar amount in the bank's
Excerpt from Oresronlan October 1, 1919
This common point of agreement for Andrew Carnegie and John Mitchell was not a mere
coincidence. In every walk of life men of foresight and conservative judgment those who
have the qualities of leadership invest their surplus funds in bonds.
If you would be a leader, do as leaders do.
LUMBERMENS TRUST COMPANY
BONDS, TRUSTS, ACCEPTANCES
Six Hundred Thousand Dolla rs in Capital and Surplus
Fifth and Stark
LIVING COST DECLINES
POCLTRr, BUTTER AXT GOOD
MEATS GO CP.
surplus since January l. Th. bank
now has a capital and surplus of Sou 0OO -I)
and undivided profits of more than
e e e
time was 1133 a snare: mo company was
earnlns slightly less than $10 a share and
was paying 1 In dividends. In 1917, the
company earned 14 a share and paid 7
in dividends, but the price of the stock
fell below He. This low price in the
l.tter vear must be attributed not to Im
paired earnings, but to a much higher
level of mony rates, and the disturbed
Clark Kendall Co.. were the success
ful bidders for the Issue of 144 onn high
way bonds, authorised by the voters of I financial conditions following our entrance
Whe-ler county at a recent election. The I Into the Kuropean war.
oouos nave me advantage of long matur
ity, being a SO-year 6. Der pent Krf
ROSE GROWERS 1U Wlttl
and will be sold at a price to vi.it
vestora per cent. The same house la of
fering a new allotment of SOO shares of
1 per cent preferred stock of the Pacific
Power 4k I.lfht company, sold at par and
accrued Interest, of which a considerable
qaantlty baa been placed with clients and
Captain J. W. Siemens, president of the
First Mtate and Savings bank. Klamath
rails, has recently expanded his banking
CulturlsU to Gather at Luncheon
In Chamber Tomorrow.
Plans for building up the rose In
dustry In Oregon and for increasing
the interest of the people of Portland
in roses will be taken up at a lunch-
interests to the controlling interest in two eon nd meeting of rose culturlsta at
the dining room oi me rurunnu v.uaiu
ber of Commerce tomorrow noon.
The meeting was called by the Port-
country oanas. The Malm State bank.
Malm. Klamath county, in the Tale lake
section wa. recently established. Last
7 8J.'.7,'".S"rKh.!!,Vh"!d- land Change? of Commerce, which is
thrivlns I uacainsi a. ihwy nn iciiuiu
State bank, at !orr!s. Cal..
to a Just south of the state line.
greater development of both profes
sional and amateur rose culture. Th
ROAD BONDS BRING PREMIUM I entire rose culture situation will be
discussed and the matter of increas
ing the strength of the Portland Rosa
society and of organising an Oregon
Roee society will be taken up.
Among the prominent professional
and amateur rose growers of tbe city
expected to be present are: Jacob
Feser. Art Bowman. J. A. Currey, H. J.
Blaesing. A. J. Clarke, James Forbes,
C. P. Keyser. J. G. Bacher and M.
1L L. Donald.
First SI 00.000 Unit of $000,000
Linn County Issne Sold.
ALBANY, Or, Oct. It. Special The
first unit of llon.OMO worth of bonds or
the loo.noo Issue voted last Jsne for road
Improvement In I-lnn county was sold to
day and brought a premium of S7oo. The
successful bidder was the Klrst Savings
bank of Albany, representing a pool In
which several lnn county men were in
teowtrd. There ware 11 bidders, including Al-
Phone your want ads to The Ore
gonian. Main 7070, A 603$.
Extension of Credits to Europe Will
Raise Prices Here, as Food Goes
Out and Gold Comes In.
That there is a decline in the cost of
living in some directions Is a feature of
the business situation that Is receiving con
sideration these days. Foreign trade has a
great effect upon prices in the United
Mates, and some writers take the atti
tude that extension of further credits to
Europe are calculated to be reflected In
continued high prices here. Tbe monthly
letter of the Alexander Hamilton Institute,
in commenting upon this phase of the
During tbe past two months corn has
decreased about 45 cents a bushel, oats
15 cents, lard 10 cents a pound, and live
beef In Chicago about 15 per cent. Family
mess beef Is t'JD per barrel against $42
last April, and pork mess has declined
from 60 to $50 per barrel. There has
been an increase, however. In poultry,
eggs, butter and the better grades of meat,
and little reduction in clothing and house
hold goods. Automobile prices for next
year are being advanced.
Whatever relief la to be obtained must
come from an Increase in the volume of
supply, from greater temperance and
dared by Dr. G. A. Sheafe. president
ot the Washington Children's Home
society yesterday, to be the leading
causes of delinquency among juve
niles. Dr. Sheafe formerly was' head
of the state industrial school in Che
halis. He was attending the annual
Child Welfare conference here and
was one of the speakers Friday night
before its opening session.
"When a boy can earn $5 a day,"
Dr. Sheafe said, "he thinks he is as
good as anybody and can spend his
money as he pleases. Too much
money and too many automobiles
these are the causes."
discipline In consumption and a diminu
tion of buying on personal credit which is
merely another form of living on capital
instead of income. The recent decline in
com was largely due to an increase In the
estimates of production, and the decline
in cotton prices last month seemed di
rectly connected with the check to buying
on credit In Europe arising from the col
lapse of the foreign exchanges.
In looking to the future, it would seem
that if the countries of Europe are left to
work out their own salvation by hard work
and increased production Instead of by ob
taining further credit in the United States,
the supply of food and the supply of cloth
ing will be sufficiently plentiful to produce
a gradual and permanent decline In the
cost of living. If our government were to
endorse the promissory notes of European
purchasers to the extent of hundreds of
millions of dollars, however, there would
be an outflow of goods which would make
for continued scarcity. The fact that we
have been exporting more goods than we i
have Imported is the crux of the matter of
living costs. Our surplus exports have
been paid for with cargoes of gold and
European securities, and the possession of. PENDLETON, Or., Oct 12 (Spe
gold and bonds does not reduce the cost cial.) To arrange for the marketing
of food and clothing Japan has recently of his lnvention & Bush Jntil re
cently a draftsman for the state high
way commission here, left today for
Chicago. Mr. Bush has designed an
automatic device for winding the cord
on a plumb bob e,uch as used by engi
neers and carpenters.
This is the second Invention of the
INVENTION IS OFFERED
Pendleton Man Has Device for
Winding Cord on Plumb Bob.
placed an embargo on imports of gold to
check the pries inflation which has caused
AUTOS, MONEY BLAMED
Delinquency Causes Discussed at
Child Welfare Meeting.
YAKIMA. Wash, Oct. 12. (Spe
cial.) Possession of too much money
and too many automobiles were de-
LIBERTY AND VICTORY BONDS
If you must Sell your Liberty or Victory Bonds, SELL, to us.
If you can BUY more Liberty or Victory Bonds. BUY from US.
On Saturday. October 11. 1919. the closing market prices were as given
below. They are the governing prices for LJbert and Victory bonds all over
tbe world, and the highest. We advertise these prices daily in order that
you may always know the Mew xora market ana tne exact vaiue oi your
.Iberty and Victory Bonds
1st za ist
SVil 4s 4s 4s
Market 100 12 95.20 184.108.40.206
Interest 1.15 1.31 1.64 1.39
2d 3d 4th Victory Victory
4 44s 4s I1,! 4
94.2ft 95.88 94.20 99.83 99.80
1.75 .33 2.10 1.49 1.89
STotal 101.27 96.31 93.74 96.79 96.01 96.19 96.30 101.31 101. C9
When buying we deduct 87o on a M bond and (2.5o on a SluuO bond.
We sell at the New York market, plus the accrued Interest.
Burglar and Fireproof Safe Deposit Boies for Bent.
Open Until P. M. on Saturdays.
MORRIS BROTHERS, Inc.
The Premier Municipal Bond House. Capital One Million Dollars.
Morris Building. 809-311 stark Street. Between Fifth and Sixth
Telephone, Broadway 2151. Established Over 25 Venn.
UNITED STATES SHIPPING BOARD
EMERGENCY FLEET CORPORATION
Announces the Sale of
Which Is Available for Inspection at
Wilson Point Warehouse, South Norwalk, Connecticut ; Hog Island, Pa. ; Chicago Ware
house, Chicago, Illinois ; Erie Warehouse, Erie, Pennsylvania ; Los Angeles Warehouse,
Los Angeles, California; Baltimore Warehouse, Sollers Point, Baltimore, Maryland;
New Orleans Warehouse, New Orleans, Louisiana; Metuchen Warehouse, Metuchen,
New Jersey; Corliss, Wisconsin; Liberty Plant, Alameda, California; Portland, Oregon;
PROPELLING MACHINERY AND AUXILIARIES Engines, Marine, Triple Expansion 700, 800,
" 1400, 1600, and 2800 I. H. P. Propeller Shafting, Stern Bearings, Steady Bearing, Staffing
Boxes, Propellers, Under-Sea Connections.
BOILERS Scotch Marine 2800 Square Feet H. S. 15'-3" x ll'-5. Water Tube, 2500 Square Feet
BOILER FITTINGS AND ACCESSORIES Water Ganges, Gauge Cocks, Gauge Glasses, Safety
Valves, Soot Blowers, Turbine Tube Cleansers, Ash Ejectors, Hand Ash Hoists, Tube ex
panders, Fan Casings and Uptakes, Injectors, Superheaters, Steam Separators, Rivets, Stay
bolts, Tubes, Bottom Blow, Globe Stop and Surface Blow Valves, Bridge Walls, Stacks and
Fidley Tops, etc
ENGINE AND BOILER ROOM AUXILIARIES Condensers, 2000 square feet; Evaporators, 15 tons.
Feed Water Heaters, 15 and 24 tonB; Culinary, Feed and Filter, Fresh Water, Oil, Soda and
Reserve Feed Water Tanks, Centrifugal Circulating Pumps, Horizontal Duplex Pumps and
Vertical Simplex Pumps. Various Sizes. Ladders and Gratings, Revolution Counters, Engine
Room Telegraphs and Lifting Gears.
DECK MACHINERY AND EQUIPMENT Capstans, , Steering Engines, Winches, Hawser Reels,
Windlasses, Ventilators and Cowls. Life Preservers, Metallic and Wood Life Boats, 24 and
26'. Mechanical and Bar type Davits, Masts, Oars, Life Rafts, Manila Rope, ltt" Circ to 7".
Wire Rope, V" to 1 7-16" Diam., Marlin and Ratline.
ELECTRICAL EQUIPMENT Conduit, Couplings, Clips, Clamps, Connecting Boxes and Fittings.
Junction Boxes, Plugs and Unions. Generating Units 7 to 15 K. W. Reciprocating and Tur
bine Units. Switch Boards, Lamps 10 to 60 Watts. Motors, Blinker Lights, Search Lights,
Transformers, 25 K. W. A. to 100 K. W. A. Lead and Paper covered and Duplex Steel Braid
Wire, Lead and Paper covered Cables, Cord, Fuse Plugs, Fuses, Switches, Annunciators,
Storage Batteries, Bells, Portables, Reflectors, Solder, Tape, Electricians' Tool Boxes and Tools.
PIPING, VALVES AND FITTINGS Pipe, Brass, Copper, Lead and Steel Black and Galvanized;
Seamless Steel Tubing, Copper Tubing. Valves, Flanged and Screwed; Brass, Cast Iron,
Extra Heavy and Standard, Qlobe Angle and Cross, Gate, Angle Relief, Check, Back Pressure,
Chronometer, Manifolds and Reducing. Fittings Ells, Crosses, Flanges, Tees, Bushings, va
rious sizes, Extra Heavy and Standard, Black and Galvanized. Brass and Galvanized Unions,
Gaskets, Lock Nuts, etc
PLUMBING MATERIAL Water Closets, Urinals, Lavatories, Sinks, Bathtubs, Showers, Water
Heaters, Mirrors and Bath Room Fixtures. Steam Radiators, Steam Traps.
REFRIGERATING MACHINERY Complete Ship Refrigerating outfits.
HANDLING DEVICES Chain Blocks Vi- to 3-Ton. Bridge Cranes, 10 to 50 Tons; Cantry Crane,
3 to 10 Tons; Derricks, 10-Ton; Hoists, 2-Ton. Electric Hoists, Chain and Wire Rope Slings.
HAND TOOLS Carpenters', Engineers', Machinists', Steam Fitters' and Plumbers'.
SHOP MACHINERY AND TOOLS Boring Machines, Lathes, Planers, Punches, Riveters, Shears.
Bending Barke, Bulldozer, Liner Rolls, Power Press, Multiple Spindle and Radial Drills,
Moulding Machines, Mills, Ovens, Emery Wheels and Buffing Machines.
WOODWORKING MACHINERY Planers, Saws, Tenoning Machines.
RAILROAD EQUIPMENT Cars, Crossovers, Spikes, etc
METALS Bronze and Copper, Galvanized Steel Sheets and Zinc Plates. Steel Shapes, Plates and
Bars. Structural Steel, Fabricated and Unfabricated.
Asbestos Millboards, Baskets, Bolts, Bolts and Nuts, Booms, Brushes, Buckets, Chains, Chairs,
Cushions, Cuspidors, Fire Extinguishers, Fenders, Filters, Funnels, Graters, Hangers, Head
Sets, Hose Inkstands, Lights, Linoleum, Mouthpieces, Nails, Nuts, Oilers, Patterns, Pistols,
Plugs, Posts, Racks, Ranges, Reels, Revolvers, Rings, Rivets, Rods, Safes, Scales, Screws,
Shotguns, Spikes, Springs, Staples, Steamers, Studs, Tables, Torches, Traps, Uniforms, Var
nish, Washers, Wedges, Wheelbarrows, Wheels, Whistles.
The above materials and equipment are surplus from the shipbuilding programme
and are practically all new. Some second-hand shop and mill equipment is available.
All sales are for cash and prices to be quoted are F. 0. B. cars at present warehouses or
concentration yards. All material has passed government inspection and is in strict
accordance with specifications. Inquiries on any of the above materials are solicited.
Detailed inventory, giving all data, may be had on application to Head, Sales Section,
Supply and Sales Division, United States Shipping Board Emergency Fleet Corporation,
'40 North Broad Street, Philadelphia, or at any of the following district sales offices:
" Supply and Sales' Division, Northeastern District, No. 115 Broadway, New York City.
Supply and Sales Division, Eastern District, No. 140 N. Broarr St., Phila-, Pa.
Supply and Sales Division, Southern District, Hibernia Bank Bldg., New Orleans, La
Supply and Sales Division, Central District, No. 922 Edison Bldg., Chicago, I1L
Supply and Sales Division, Western District, Northwestern Bank Bldg., Portland, Ore.
U.S. Shipping Board Emergency Fleet Corporation
140 NORTH BROAD STREET, PHILADELPHIA
Pentleton man to be placed on the
market this year. The first is a toy,
the "Go-Giggle," an adaptation' of
the rattler, but arranged on a wheel
for the youngsters to run on the side
walk. Based on orders taken already.
Mr. Bush expects his royalties from
this invention alone to amount to sev
era thousand dollars a year.
To Net 7.65
Government and Municipal Bonds Bought and Sold
87 Sixth Street Broadway 1042
Ground Floor WeHs-Fargo Building
H The Bank of California
I National Association 1
Founded in 1864 EE
H HEAD OFFICE: SAN FRANCISCO H
H PORTLAND, SEATTLE and TACOMA
Conducts a general banking business. j
We Carry Checking and Savings Accounts
Buy and Sell Foreign and Domestic Drafts and
Issue Commercial and Travelers' Letters of EES
EEs Credit and Travelers' Checks for Use
Throughout the World
EE Pay Interest on Time and Savings Deposits
EE Capital, Surplus and Undivided Profits, $17,000,000
U PORTLAND BRANCH U
EE Third and Stark Streets EE
EE W. A. MACRAE,
J. T. BURTCHAELL,
ROBERTSON & EWING
GOVERNMENT CORPORATION MUNICIPAL
207-8 NORTHWESTERN BANK BLDG.
' Announce their acquisition of tfie
E. K. HOTTOS A CO. WIRES AND SERVICE
and the offices at
201-202-203 Railway Exchange Bnlldlns;
Ttiey have direct wire eosmeettoBa with every exrkssfe la tbe eosjntry,
nd will bay or aell any Railroad. Industrial. Steel, Copper, Grata or
Cottoa Stocka or Bonds traded In.
YOUR BUSINESS IS COURTEOUSLY SOLICITED.
THE HEILBBO.VNER CO.
Phones t Main 283-284
Correspoadentat E. F. HUTTO Jt CO New York.
t'LEMEST, CURTIS fc CO, ChlcaBO.
HA1DEN, STONE sV CO, Boston.